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MONDAY OCTOBER 21, 2019 ISSUE 2992/2019

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

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

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

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

1 0 H O M E B U S I N E S S

1 6 C O M M E N T

Graduates@Work seen as a double-edged sword

AirAsia sees in-fl ight Wi-Fi as next income source

Merge Energy set to post positive numbers

No immediate fresh bid on the cards after LTKM’s privatisation attempt fails

Taking a leaf from Budget 2020

Which is scarier, climate change or CLOs?

THE EDGE FILE PHOTO

Reform does not have to cost votes 1 1 H O M E B U S I N E S S

EU plays for time as Johnson spars with UK Parliament on Brexit PA G E 4

Pharmaceuticals RIDING

STEADY despite market

volatilityTh e sector appears

immune to talk of an economic slowdown so far.

Wong Ee Lin & Syahirah Syed Jaafar

have the story on Page 5.

2 MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

3MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

4 MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V

www.theedgemarkets.com

BY G A B R I E L A B A C Z Y N S K A

& J O H N C H A L M E R S

BY S R I D H A R N ATA R A J A N

& M AT T R O B I N S O N

Dr M: Malaysia-Indonesia ties to continue to strengthenJAKARTA: Prime Minister Tun Dr Mahathir Mohamad yesterday congratulated Indonesia Pres-ident Joko Widodo (Jokowi) on his appointment as the presi-dent of Indonesia for the second fi ve-year term. In his congrat-ulatory message, Dr Mahathir also expressed confi dence that the existing close ties between Malaysia and Indonesia would be further strengthened for the well-being and prosperity of the two countries. “May the honour-able president (Jokowi) and the people of the Republic of Indo-nesia continue to be blessed with Allah’s grace and mercy,” he said in a ‘Chedet’ video clip aired by an Indonesian television chan-nel, TVRI, in conjunction with Jokowi’s swearing-in ceremony yesterday. — Bernama

Pakatan to announce candidate for Tanjung Piai by-election on Oct 30PONTIAN: Pakatan Harapan is expected to announce its can-didate for the Tanjung Piai par-liamentary by-election on Oct 30. Tanjung Piai Parti Pribumi Bersatu Malaysia division chief Karmaine Sardini said the party had submitted three names for the party leadership to decide on the potential candidate. All of them are Tanjung Piai Ber-satu leaders and are locals, he said when met by reporters here yesterday. On preparations for the by-election, Karmaine said the focus would be on the 16 District Voting Centres where Pakatan fared badly in the last general election. — Bernama

Xiaomi plans to launch more than 10 5G phones next yearWUZHEN (China): Chinese smartphone maker Xiaomi Corp plans to launch more than 10 fi fth-generation (5G) phones in 2020, chief executive offi cer Lei Jun said yesterday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. Lei’s remarks come as the company faces intense competition in its home market from rival Huawei Technolo-gies Co Ltd. Last month Xiaomi launched the Xiaomi Mi 9 Pro, the company’s fi rst 5G-enabled phone for the domestic market. According to Lei, demand for the phone exceeded the com-pany’s expectations and led to supply chain issues. — Reuters

South Korea to discuss developing-nation status with US — reportSEOUL: South Korean trade offi cials will discuss the coun-try’s developing-nation status at the World Trade Organization with American counterparts this week, Yonhap news agency reported. Trade Minister Yoo Myung-hee will reach out to the US, and the issue will be addressed at an economy min-isters’ meeting soon, the report said, citing Finance Minister Hong Nam-ki. — Bloomberg

I N BR I E FEU plays for time as Johnson spars with UK Parliament on BrexitTh is is to prevent rushing the PM into a request for delaying Brexit

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Tusk says he had received the extension request and he would now be consulting with EU capitals on how to react. Photo by Reuters

KUALA LUMPUR: A superyacht linked to a multibillion-dollar corruption scandal at Malaysian fund 1Malaysia Development Bhd (1MDB) is up for sale, according to a yacht broker’s listing.

The Tranquility (pic), earlier known as the Equanimity, is cur-rently owned by resorts operator Genting Malaysia Bhd which bought it from the Malaysian government in April for US$126 million.

Th e superyacht is among assets allegedly bought by fugitive fi nan-cier Low Taek Jho and his associ-ates with money taken from 1MDB, US and Malaysian investigators have said.

Th e 300ft yacht has an interior clad in marble, a beach club, a Turk-ish bath, a 20 sq m swimming pool and a helipad, according to broker Camper & Nicholsons’ listing.

Th e listing did not disclose the

NEW YORK: A Goldman Sachs Group Inc investment banker in New York was arrested over allegations of in-sider trading in the US, according to court records unsealed last Friday.

Bryan Cohen, a vice president, leaked non-public information for almost three years in exchange for cash as part of an international insider trading scheme that led to US$2.6 million (RM10.9 million) in illicit gains, according to a separate

BRUSSELS: Th e European Union (EU) will play for time rather than rush to decide on British Prime Minister Boris Johnson’s reluctant request to delay Brexit again, dip-lomats with the bloc said after a 15-minute meeting yesterday.

Th e fractious British Parliament refused to vote on Johnson’s new Brexit withdrawal deal on Saturday, forcing him to seek a third post-ponement of Britain’s departure from the bloc. It has so far been envisaged for Oct 31.

At a rare Sunday meeting of ambassadors of the 27 states that will make up the EU after Brexit,

the diplomats decided to forward Johnson’s deal to the European Par-liament for its required approval. Th e EU chamber sits in Strasbourg next week.

Goldman banker arrested overUS insider trading allegations

complaint from the US Securities and Exchange Commission that did not identify his employer.

Some information was tied to pending deals involving Syngenta AG and Buff alo Wild Wings Inc, the documents show.

A Goldman spokesman con-fi rmed Cohen was an investment banker who worked in the con-sumer retail division. Th e bank was unaware of the allegations until Cohen was arrested last Friday. He has since been placed on leave.

“We are cooperating with the

authorities on the situation re-garding Mr Cohen,” Nicole Sharp, a representative of the fi rm, said in an emailed statement. “Protecting client confi dential information is our highest internal priority and we condemn this alleged behaviour.”

An attorney for Cohen did not immediately respond to a request for comment.

The accusations are the third insider trading allegations lodged by US prosecutors against a Gold-man banker in the past 18 months. — Bloomberg

Superyacht linked to 1MDB for sale, again

asking price for the yacht.Camper & Nicholsons and Gen-

ting Malaysia did not immediately respond to a request for comment.

The yacht is also available for charter at £1.1 million (RM5.95 mil-lion) a week, according to the listing.

It is unclear how long the yacht

has been up for sale. Media reports on Saturday said Genting Malaysia was asking US$200 million (RM838 million) for the yacht.

1MDB, a now-defunct fund, is being investigated by at least six countries for money laundering and corruption. — Reuters

“We’re looking for more clarity towards the end of the week, hop-ing by that time we will also see how things develop in London,” a senior EU diplomat said.

Another one added that the meet-ing was very brief: “No questions, no discussions. We are waiting.”

The chairman of EU leaders, Donald Tusk, said on Saturday he had received the extension request and he would now be consulting with EU capitals on how to react. — Reuters

THE EDGE FILE PHOTO

H O M E B U S I N E S S 5MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

Pharmaceuticals riding steady despite market volatilityTh e sector appears immune to talk of an economic slowdown so far

MPOA sees business as usual as India mulls palm oil curb

BY W O N G E E L I N

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

KUALA LUMPUR: Amid global growth this year expected to be at its slowest in a decade — with econ-omists warning of an increasing risk that it would lead to a reces-sion next year — pharmaceutical companies listed on Bursa Malaysia appear resilient.

According to Areca Capital Sdn Bhd chief executive offi cer Dan-ny Wong Teck Meng, the sector remains attractive because oth-er sectors are not as defensive in comparison.

Likewise, Phillip Capital Man-agement Sdn Bhd chief investment officer Ang Kok Heng reckoned pharmaceutical stocks are “always a good buy”, noting the industry is growing in line with greater health-care awareness, while the popula-tion ages.

“When you’re sick, you’ll need pharmaceutical care. It does not matter whether the economy is good or not. It is fairly reces-sion-proof and defensive in na-ture,” he said.

Most analysts and fund manag-ers contacted by Th e Edge Financial Daily shared the view that pharma-ceuticals, just like most healthcare stocks, enjoy resilient demand for their services and products, thus making them good defensive eq-uity options amid uncertainties.

Of the fi ve pharmaceutical com-panies listed on Bursa — namely Apex Healthcare Bhd, Duopharma Biotech Bhd, Pharmaniaga Bhd, YSP Southeast Asia Holding Bhd

KUALA LUMPUR: Given the strong bilateral trade relationship be-tween Malaysia and India, the Malaysian Palm Oil Association (MPOA) viewed that business will be as usual for both countries de-spite news that India is considering curbing imports of some Malay-sian products including palm oil.

Its chief executive Datuk Na-geeb Wahab said if India proceeds with the drastic decision, it would also impact the country.

“If it materialises, India will have to source its palm oil for food from Indonesia and it would have to accept whatever price that In-donesia sets. Now, of course, it is selling palm oil at a cheaper price, but when they are the only market that India is sourcing from, they can hike the price and this is the implication that they have to se-riously look at.

to like it for its defensive businesss.Th is was despite its core net prof-

it slipping 39% year-on-year for the second quarter ended June 30, 2019, mainly due to start-up expenses for its new equipment and a weakening ringgit against the US dollar.

“Th e weak performance was in line with our expectations. With most of the equipment in produc-tion and running more effi ciently, we expect the margin to improve gradually,” he said.

“We believe the undemanding valuation and reasonable dividend yields [of 3% to 4% per annum] of-fer a minimal risk for investors to ride on its earnings improvement,” Chua added.

‘Not entirely recession-proof’While pharmaceuticals tend to see resilient demand, iFast Capital Sdn Bhd assistant research manager Tan Wei Yine said economic un-certainties have led to reduced af-fordability, resulting in individuals and corporates lessening or post-poning their healthcare spending to

gird against an extended economic downturn.

Th is, in his view, will drive down demand for pharmaceutical prod-ucts and supplements.

“However, it is important to note the medical industry has managed to grow during the times when many other sectors saw revenues plum-meting, particularly cyclical sectors. So, in a relative sense, healthcare spending is less prone to a reces-sion’s impact, but not entirely re-cession-proof,” Tan said.

In terms of valuations, Tan reck-oned the fi ve Bursa-listed pharma-ceuticals are now trading at a slight premium compared with their his-torical ratios, though he also ob-served they have lower absolute price-earnings fi gures compared with their regional counterparts’.

For Ang, the fi ve are reasonably priced, adding that their price-earn-ings ratios (PERs) have always been in the mid-teens range.

A quick check on Bloomberg shows the fi ve have PERs of between 11 times and 18 times (see chart).

How do pharmaceutical counters fare?

COMPANIES LAST MARKET YTD TTM INDICATED ROE PRICE CAP CHANGE P/E DIVIDEND (RM) (RM MIL) (%) (TIMES) YIELD (%) (%)

Apex Healthcare Bhd 2.21 1,042.49 13.33 18.42 1.56 14.74 Duopharma Biotech Bhd 1.37 931.75 44.21 16.53 3.65 11.12 Pharmaniaga Bhd 2.43 634.79 -12.59 13.07 6.38 9.30 YSP Southeast AsiaHolding Bhd 2.26 315.46 -17.33 12.80 3.10 7.94 Kotra Industries Bhd 1.90 273.77 11.76 11.79 3.89 13.64Data compiled as at Oct 18, 2019

Source: Bloomberg

and Kotra Industries Bhd listed on Bursa — three of them have climbed since January this year, with double-digit growth.

Year to date (YTD), Duopharma Biotech leads with a 44.21% surge to close at RM1.37 last Friday, fol-lowed by Apex Healthcare (13.33%) and Kotra Industries (11.76%).

Pharmaniaga has fallen 12.59% YTD to RM2.43, after the govern-ment announced it is relooking its contract with the company on concerns about an alleged drug provision monopoly’s eff ects on public healthcare costs.

Pharmaniaga dismissed claims that it is monopolising the supply of medicines to the health minis-try (MoH), saying only 33% of the ministry’s supplies come from the group.

It is also “very confi dent” that its 10-year concession agreement with the government, slated to end this November, will be renewed, despite analysts continuing to highlight the risks of a contrary development.

However, if the non-renewal happens, it could give an oppor-tunity for other pharmaceutical companies, a potential catalyst for others in the sector, analysts said. In short, one man’s loss will be an-other’s gain.

Meanwhile, YSP’s share price has declined 17.33% YTD to RM2.26, following two quarters of lacklus-tre earnings.

However, as at end-August, Af-fi n Hwang Investment Bank Bhd’s Chua Yi Jing still kept a “buy” call on the stock with an unchanged target price of RM3, saying he continued

‘Higher policy risks’Investors considering exposure to the healthcare or pharmaceutical sector should bear in mind the sec-tor may be exposed to higher pol-icy risks, particularly in times of elections or following a shift in the political regime, said Tan.

For example, the Malaysian cab-inet, in May this year, gave its ap-proval to the MoH to regulate med-icine prices, with the aim of curbing expensive patented drugs and make treatments more aff ordable.

Th e MoH is currently working with the domestic trade and con-sumer aff airs ministry to gazette the relevant regulations under the Price Control and Anti-Profi teering Act 2011, though a fi xed timeline has not been set for these regulations to be gazetted.

If the proposals are gazetted, MIDF Research analyst Nabil Fikri Zainoodin reckoned the pharma-ceutical industry will be heavily impacted.

“With the implementation of a ceiling price for medicines, it could mean pharmaceutical com-panies’ profi t margins will come under pressure. Due to this risk, we do not think the industry can still be considered a defensive sec-tor,” he said.

However, given the scope of medicines under review, it is un-likely for the exercise to be con-cluded anytime soon, said Nabil.

“Besides, this will not have a major impact on Pharmaniaga and Duopharma given that both are producing aff ordable generic medicines,” he added.

BY N U R U L H A N I S I Z M I R “When you open a shop, you sell your products at lower pric-es to attract customers, but once you secure them, you can increase prices knowing they will still buy from you,” he told Bernama.

Nageeb expressed optimism that everything will be back to nor-mal and Malaysia can continue having good trade with India.

According to a source, Malay-sia’s exports to India were worth US$10.8 billion in the fi scal year ended March 31, while imports totalled US$6.4 billion.

Th e South Asian country has been Malaysia’s biggest palm oil buyer since 2014, replacing Chi-na, and for the fi rst nine months of 2019, it made up 28% of total palm oil exports.

Th anks to the preferential im-port duty on Malaysian refined palm oil (for the fi rst nine months), India’s market share rose signifi -cantly from 28.7% to 57.8%.

Primary Industries Minister Teresa Kok has said the country is exploring the possibility of sourc-ing raw sugar from India starting

next year to enhance bilateral trade with India.

Malaysia is also looking into importing more buffalo meat from India to meet increasing local demand.

On the Indian food ministry’s proposal to increase the integrat-ed goods and services tax (IGST) on imported refined palm oil to 12% from January next year, Na-geeb said that could happen as the government is under pressure from local refiners.

“The IGST is possible [for implementation] ... now, peo-ple prefer to buy refined oil, so their refiners do not have enough business and this will affect our market.

“At the end of the day, palm oil prices are dictated by supply and demand. So if this happens, of course prices as well as small-holders will be impacted.

“At the same time, palm oil has

many uses, so we always have al-ternatives.”

Nageeb noted some positive signs of palm oil prices moving up due to a lower stock level in the world’s two largest producers — Indonesia and Malaysia.

Less fertiliser used in plantations and the haze issue have resulted in low yields, with demand still grow-ing, he noted.

“So, looking at the current sce-nario, I believe the price should stabilise at RM2,300 to RM2,500 per tonne next year, reasonable for smallholders.”

Th e MPOA is tasked with bal-ancing various sectors’ needs and interests for synergy and develop-ment of the plantation industry as a whole.

It also serves the interests of oth-er plantation crops such as rubber, cocoa and tea, as well as non-crop issues relating to land, labour, trade and pricing. — Bernama

Nageeb is optimistic that everything will be back to normal and Malaysia can continue having good trade with India.Photo by Kenny Yap

6 H O M E B U S I N E S S MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

KUALA LUMPUR: AirAsia has been exemplary in using digital and dis-ruptive technologies in increasing its ancillary income, including the introduction of in-fl ight Wi-Fi, which is expected to create a US$130 billion global market by 2035, according to London School of Economics research.

AirAsia is the pioneer of low-cost airline in-fl ight Wi-Fi in the region.

“Currently, we have about slightly over 50% of our aircraft (in Malaysia) Wi-Fi-enabled. We expect AirAsia Wi-Fi to be installed fl eetwide in all AirAsia Malaysia in 2020,” chief executive offi cer Riad Asmat said.

The other AirAsia companies are expected to follow suit, he said.

“Wi-Fi these days is like oxygen. Th e moment you sit in a place the fi rst thing we ask is if it has Wi-Fi and it is slowly gaining traction in the aviation sector,” he told Bernama when asked on the growing sector.

For the Malaysian operation, the fl ights are all within the one-to four-hour range.

“Within the AirAsia Wi-Fi eco-system, the airline has entertain-ment, we have our e-shop, digital in-fl ight magazine and some level of entertainment, especially for kids. Besides enhancing the experience of passengers, the service also en-ables them to connect with their

loved ones on air,” said Riad.“Hooking up to the AirAsia

Wi-Fi ecosystem is free (browsing kids entertainment, e-shop and magazine) but if you want to use your social media or do real work, then you’ve got to pay and I believe our rates are competitive as com-pared with other airlines around the region,” he said.

A check on the service revealed that the Wi-Fi plans range from RM9 to RM58, with the most basic plan capped at 10MB. Th ere is also a top-of-the-line 200MB plan, which is best for streaming.

Riad said more than 30% of its passengers have accessed the AirAsia Wi-Fi services and the fi g-ure is expected to hit 50% soon.

Knowing AirAsia, Riad was also quick to point out that incorporat-ing a lot of its services in the AirAsia Wi-Fi ecosystem would also help them cut costs via fuel-saving.

“Once the aircraft is Wi-Fi-ena-bled the in-fl ight magazine (hard-copy) should not be there. It is fuel-saving,” he said, adding that although the hardcopy uses some of the lightest paper material avail-able, going 100% digital would save kilos for every fl eet.

Hence, Wi-Fi is crucial for AirAsia’s business, he said, noting “it is part and parcel of embracing technology.”

off experienced workers for the sake of recruitment incentives. He said it is good the government experiments with policies like this to address the issue of graduate unemployment.

“Although certain graduates may still be earning less than the mini-mum living wage level, this policy connects them to the job market fi rst, and hopefully they can enhance

their competitiveness.“Th is is better than just giving out

free money to them as the policy makes it mandatory for them to work to be entitled to the benefi ts,” he said.

Socio-Economic Research Centre executive director Lee Heng Guie concurred and said the compen-sation of employees share-to-gross domestic product in Malaysia re-mains low compared to developed countries.

“We have spoken to some employ-ers and they are quite supportive of this initiative, but they want to know how it will be implemented fi rst,” he said. Lee said the policy can be im-plemented in many forms and that the Employees Provident Fund (EPF) is the best institution to undertake it.

“This is because they have the most comprehensive database on employment in this country. The EPF has to come up with a mecha-nism that is not subject to be abused while ensuring this policy achieve its intended outcome,” he said.

For the government, Lee said it must ensure that the programme is fi scally sustainable, and not become an entitlement programme in future where they will face a political back-lash when they remove it,” he added.

Graduates@Work seen as a double-edged swordTh e initiative could discourage them from actively looking for a job — govt backbencher

BY M S A R A S WAT H I

BY C H E S T E R TAY

KUALA LUMPUR: Although Gradu-ates@Work has been widely hailed as a signifi cant incentive to address graduate unemployment, there is concern that it only covers those who have been jobless for at least 12 months and excludes fresh graduates.

“Th is policy would reduce the em-ployability of fresh graduates, those who have been unemployed for less than 12 months,” said Malaysian Em-ployers Federation executive director Datuk Shamsuddin Bardan (pic).

“This is because employers would prefer to hire those who had remained unemployed for over 12 months due to the incentives,” he told Th e Edge Financial Daily. As such, Shamsuddin said the govern-ment should extend the initiative to include graduates who have been unemployed for less than 12 months.

“Th e government should also give incentives for hiring fresh gradu-ates, but at a lower rate, maybe 25% to 50% of that proposed in Budget 2020,” he said.

There were over half a million unemployed Malaysians in 2018, according to Finance Minister Lim Guan Eng in his Budget 2020 speech.

Of that, near 290,000 were youths up to 24 years old, and roughly 140,000 were graduates. In percentage terms, youth unemployment in Malaysia last year stood at 10.9%, more than triple the national rate of 3.3%.

Under the Graduates@Work in-itiative announced in Budget 2020, the government proposed an in-centive of RM500 per month to be paid to graduates who obtain a job after being unemployed for more than 12 months, while employers will receive a hiring incentive of up to RM300 per month for each new hire over two years.

Government backbencher Wong Chen said the initiative may serve to discourage youths from active-ly looking for a job as soon as they graduate.

“Th e programme is well intended to solve grad-uate unemployment [but] it would discour-age fresh graduates from looking for a job. Th ey would instead wait for 12 months to be entitled for

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Singa

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South

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Compensation of employees

(CE) in Malaysia as compared

to developed countries, 2018

CE, % to GDP (2018)

Sources: Organisation for Economic Co-operation and Development (OECD) and Department of Statistics Malaysia

0

10

20

30

40

50

60

35.739.7

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the benefi ts,” said the PKR Invest-ment and Trade Bureau chairman.

“Th e government should study the quantum and behavioural eco-nomic impact of the policy,” he said, adding that some fresh graduates may regard the proposed quantum (RM500) as worth waiting for instead of looking for a job immediately.

Wong said the policy could achieve its intended outcome pro-vided that the economy continues to grow next year. Otherwise, it will just be an initiative that reduces re-cruitment cost for businesses.

“Companies will only expand their workforce when they need it. If the economy doesn’t grow, this policy will not yield much impact, except [for] lowering companies’ re-cruitment cost because of the hiring

incentive of RM300 per month.“Because of [the] lower re-

cruitment cost for graduates, this policy would also induce employers to retire older work-ers to hire younger ones,” he said. However, Sunway Univer-

sity Business School eco-nomics professor Dr Yeah Kim Leng is of the view businesses may not simply lay

THE EDGE FILE PHOTO

AirAsia sees in-fl ight Wi-Fi as next income source

KUALA LUMPUR: AirAsia will start receiving its Airbus A321neo by the end of 2019, which would enable it to further improve effi ciency and boost capacity to routes such as Singapore where the slots have been maxed out, said chief exec-utive offi cer Riad Asmat.

In June, AirAsia announced that it was upsizing its future Air-bus single-aisle fl eet, converting 253 orders for the A320neo to the larger A321neo version, emerging as the world’s largest customer for the model.

“We (Malaysia) are getting it fi rst. Th ere will be two this year and another two next year,” he told Bernama in an exclusive in-terview recently.

AirAsia currently has 230 A320 Family aircraft in service, fl ying out of its hubs in Malaysia, Th ai-land, Indonesia, the Philippines, India and Japan.

He said the A321neo is still a member of the best-selling A320 Family incorporated with the latest technologies includ-ing new-generation engines and Sharklets, which together deliver

at least 15% fuel savings at deliv-ery and 20% by 2020.

Th ese planes, Riad said, would be deployed to routes that have maximum effi ciency as well as those that do not have slots any-more such as Singapore.

“Besides Singapore, the oth-er routes that the A321neo can be deployed are Kuching, Kota Kinabalu and Bali, Indonesia,” he said, adding the increase in seat capacity is like adding another half a plane.

“Currently, the A320 has 180 seats, to and fro the total capacity for a single trip is 360 seats. Th e A320neo has 186 seats (372 seats for a single trip). Th e A321neo has 236 seats and a single trip would mean 472 seats. I can make more money,” he explained.

Th e A320s can be deployed to other short trips, said Riad.

“So again, I can manage my resources much better, be more effi cient in capacity management. It is a bit of a game changer for us. First, we started off with Boe-ing B737, then we went to A320, A320neo and now A321neo.”

Besides Malaysia, India, Th ai-land, the Philippines and Indo-

nesia would also receive the A321neo.

“Th ese are the markets we see as important growth markets.

“Having too many planes in your country and not fl ying them is pointless. Our planes need to fl y to pay the bills, so most of our aircraft should be going where we see growth,” he said.

AirAsia also has affiliates in Japan. AirAsia X is the long-haul, low-cost affiliate carrier of the AirAsia Group that currently fl ies to destinations in the Asia-Pacifi c region and beyond.

Asked whether AirAsia is look-ing for more affi liates or it is al-ready a handful, Riad said: “Th e adventurous spirit of AirAsia will never die. We look at any feasibil-ity that could eventually work. We don’t know what 2020 and 2021 will be like.”

AirAsia currently serves more than 130 destinations and AirAsia X 31.

“Th is budget cycle, we are look-ing into every single path to make sure that we are going strong into next year,” he said, adding: “We are not handfuls, but mindful.” — Bernama

AirAsia goes A321neo to boost load factor, expansionBY Z A I R I N A Z A I N U D I N

CON T INUES ON PAGE 10

7MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

8 H O M E B U S I N E S S MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Merge Energy set to post positive numbersIt has completed its restructuring and cleaning-up exercise

BY A H M A D N A Q I B I D R I S

SHAH ALAM: Merge Energy Bhd has completed its cleaning-up exer-cise, putting the group on a steadier footing and on track to return to the black by the end of the fi nancial year ending March 31, 2020 (FY20).

Its shareholders last Thursday gave their nod for several proposals including a capital reduction exercise to off set against the company’s accu-mulated losses, the disposal of non-core assets, as well as a change of name to Stella Holdings Bhd, giving it a clean slate for fur-ther expansion.

BY J U S T I N L I M

KUALA LUMPUR: After LTKM Bhd’s privatisation proposal fell through recently, the question that arises is whether the egg pro-ducer will make a fresh attempt to buyout its remaining minority shareholders. Executive chairman Datuk Tan Kok says that while privatising the company is his ultimate goal, the plan has been put on the back burner for now.

“I will continue to monitor the market situation before taking any action,” Tan told Th e Edge Financial Daily, pointing out that a privatisation exercise costs mil-lions of ringgit.

Th e recent privatisation bid failed after the total acceptances received for the off er made by Tan and his family was only 88.43%, which is 1.57% short of the 90% level required.

Th e failure came as a surprise to Tan, who had expected the minority shareholders to cash out their investments amid the overall weak market sentiment.

“Trading interest in LTKM has al-ways been quite low. Poultry stocks are not as exciting as [for example] tech counters. Our counter is not attractive enough for major institu-

No fresh bid after LTKM’s privatisation attempt failstional shareholders, despite the fact that our price-earnings ratio remains at a single-digit low level,” he said.

When the proposed privatisation was announced on July 22, Tan and his family owned 68.26% of the com-pany, they off ered to buy the remain-ing 31.74% stake at RM1.35 a share.

Besides Tan, the joint off erors included his wife Datin Lim Hooi Tin and daughter-in-law Tan Chee Huey, Tan Yee Boon, Tan Yee Siong and YBJ Capital Sdn Bhd.

Mercury Securities Sdn Bhd had said in an independent ad-vice circular that the offer was deemed “not fair”, as the offer price of RM1.35 is at a discount of between RM1.09 (44.67%) and RM1.20 (47.06%) over the range of estimated value per LTKM share derived using the sum-of-parts val-uation model of RM2.44 to RM2.55.

However, the independent advis-er also noted that the off er price pre-sents a premium of 24 sen or 21.62% over the last traded market price of the stock on July 18, and a premium of between 12.16% and 30.74% over the five-day, one-month, three-month, six-month and one-year volume weighted average prices of LTKM shares up to the last trading date of the off er notice.

Additionally, Mercury Securities

noted that LTKM shares are illiq-uid with a simple average month-ly trading volume-to-free fl oat of 2.23%, for the 12 months up to July.

Thus, the firm said the offer price is “reasonable” as it provides an exit opportunity to sharehold-ers, especially those holding a sig-nifi cant number of LTKM shares to realise their investment in cash.

Tan said a main reason why he and his family sought to privatise the company was that they were “fed up” with regulations imposed on them by regulators.

“Being a public listed company, there are a lot of requirements and regulations that we are required to comply. We feel that whenever we want to do something, we are con-strained by all these regulations.

“We feel that we are putting a lot of eff ort and time trying to comply with the Securities Commission’s rules, and not so much on growing the business, which I think this has also prompted many other com-panies to opt for privatisation in Malaysia recently,” he added.

Another reason, said Tan, was that LTKM adopted a conservative approach and was not seeking to raise funds from the public. As such, privatisation is an ideal op-tion for the company.

Group to focus on property developmentGoing forward, Tan said LTKM will remain as an egg producer but will focus more on the property devel-opment business.

“We are planning to buy more land and will keep it as land banks for property development business in the future,” he said, noting that it is currently a buyer’s market given the current subdued property mar-ket where there are many property owners looking to sell their land.

Th e company’s remaining un-developed land bank stands at 34 acres (13.76ha). Of this, 25 acres are located in Jenjarum, Kuala Langat, three acres in Jalan Puchong and six acres in Balakong.

“Th e Jenjarum land is intend-ed for landed property develop-ment, for which we have already submitted a building plan. We are expecting to receive approval by the fi rst half of next year, with fi rst phase’s estimated gross develop-ment value estimated at about RM25 million.

“While for lands in Jalan Pu-chong and Balakong, we are plan-ning for service apartment devel-opments and we are waiting for the approval for plot ratio,” Tan said.

In view of the current weak

property market, the company is not in a rush to launch new pro-jects in the near term, he added.

On LTKM’s poultry business, Tan expects the business to remain profi table this year with stable egg prices. The company produces more than one million eggs per day from its farm in Melaka.

However, he added that the company has adopted a cautious stance on farm operations due to business risks.

Th e risks are that the poultry industry has been volatile with no predictable direction in the future, and given its high dependency on foreign workers, any chang-es in government policy will put the company at risk of not getting enough manpower, he said.

LTKM’s posted a net profi t of RM510,000 for the first quarter ended June 30, 2019, compared to a net loss of RM1.88 million a year ago, mainly due to improved egg prices, but off set by impairment recorded in the sand-mining and property development segments.

Its quarterly revenue rose 22.38% to RM48.25 million from RM39.42 million a year ago. LTKM shares were last traded at RM1.25, bringing it a market capitalisation of RM162.63 million.

“We have completed the clean-ing-up of the company over the past 10 months since the new board took over,” said Merge Energy executive chairman Datuk Mohamad Haslah Mohamad Amin. “We have basical-ly wiped out all the losses with the capital reduction exercise, which will put the company on a very sound fi nancial footing.”

“We also have got some cash from the disposal of non-core assets and now we are looking at how we can grow the business. I’m very confi dent that by this fi nancial year (FY20), the company should be in the black and we will further grow the business from there,” Mohamad Haslah told Th e Edge Financial Daily.

He explained that the group’s in-come will be mostly supported by its oil and gas (O&G) support servic-es segment, in which Merge Energy provides water desalination services

to cater to the needs of oil rigs and petrochemical plants.

The company is currently more involved in the upstream

segment, with Mohamad Haslah hint-ing that it is looking to further expand its services for the downstream seg-ment, as well as other opportunities that may arise.

“We are looking at further ex-panding the O&G business wher-ever there is an opportunity — Ma-laysia or overseas.

“It is still too early to talk about this but we are working on it. I can-not be disclosing too much but it is suffi cient to say that this is an area where we are focusing on that we hope would put the company in a better position,” he explained.

Besides water treatment services for the O&G industry, the company is also involved in water infrastructure.

Merge Energy currently has three ongoing jobs under this segment, comprising works for a treatment plant in Pagoh, Johor and for a waste treat-ment plant in Puchong, Selangor, as well as pipe laying works for Langat 2.

While the new shareholders de-cided to do away with the landscap-ing and pest control businesses, they decided to keep the O&G ser-vices and water infrastructure seg-ment as these two businesses are generating income for the business.

Merge Energy also has a construc-

tion business, which is currently in-active. Mohamad Haslah said the company could see a revival of the construction business going forward, which could be synergistic with its venture into property development.

At this juncture, however, he pointed out that the construction business is challenging, amid stiff competition and high costs, which has translated into thin margins.

“Profi ts from construction would be very small. I believe that de-velopments would give better re-turns, which is why we are going into property. We are also taking it slow [with property development] but it has the potential to become one of the bigger contributors to the company over time,” he said.

Th e company has two aff orda-ble housing projects in the pipeline currently — one in Pasir Panjang, Negeri Sembilan, worth RM70 mil-lion in gross development value (GDV) and one in Kuantan, Pahang, with GDV of RM40 million.

Both projects will be done on a joint-venture (JV) basis, as the com-pany does not have the fi nancial muscle to take on a development project on its own.

“We cannot do big projects sim-

ply because we do not have the cap-ital, which is why we are proceeding on a JV basis. We are also sticking to aff ordable housing — houses priced below RM300,000 — to ca-ter to the mass market,” he said.

For the Pasir Panjang project, Merge Energy will be working with Mega 3 Housing Sdn Bhd, which is linked to Datuk Tan Gee Swan and Tan Yu Jian, both of whom are major shareholders of Merge Energy via Westiara Development Sdn Bhd.

Westiara Development, which is involved in construction and prop-erty, was one of the ultimate off erors in the taking over of Merge Energy, along with Matrix Concepts Hold-ings Bhd founder and executive deputy chairman Datuk Lee Tian Hock and his brother Lee Tian Huat.

However, Mohamad Haslah said the company will only begin seeing contributions from the property development business in another 1½ to two years.

“There will be some revenue contribution in FY21, but we might only see profi ts from the property business in FY22.

“Th e O&G and water businesses will still be the main drivers for the time being,” he said.

Mohamad Haslah: We are looking at further expanding

the O&G business wherever there is an opportunity.

PHOTO BY MOHD IZWAN MOHD NAZAM

9MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

1 0 H O M E B U S I N E S S MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Taking a leaf from Budget 2020Th is comes with reforms aimed at addressing weaker links in the economy — ICMR

KUALA LUMPUR: Budget 2020 was admittedly tabled in a market envi-ronment of still-uncertain external headwinds and rising risks of a global recession. With that, the budget fo-cuses on supporting domestic de-mand with forward-looking steps for structural reforms, including digital-isation, labour market policies, en-trepreneurship, as well as small- and medium-sized enterprises (SMEs) and institutional reforms. Th ese re-forms are aimed at addressing weaker links in the economy and potentially have far-reaching impacts on society, if implemented well.

Future-proofi ng Malaysia’s digital economyThe digital economy is not only strongly emphasised, but also re-quires the nurturing and man-agement of an ecosystem. Th is in-cludes not just infrastructure needs and an emphasis on private-public collaborations including fi nancing through matching and co-investment schemes, but also building digital skills and human capital for the fu-ture of work. In the fi nancial services regulatory space, Bank Negara Ma-laysia and the Securities Commission Malaysia have continuously rolled out fi nancial innovation initiatives to support digitalisation.

Th e Institute for Capital Market Research Malaysia’s (ICMR) report on the asset management industry, launched recently, highlights digitali-sation will be a key game changer for the industry, and that it should be em-braced holistically. Th e government promoting e-wallets will increase the market penetration of digital fi -nancial products, paving the way for more inclusive savings schemes such as micro-investing which the ICMR highlighted it would make capital markets more accessible for more investors.

Empowering human capital developmentHuman capital development is given much-needed prominence. Budget 2020’s initiatives addressed structur-al issues such as high youth unem-

ployment, overdependency on for-eign labour and the need to increase women’s participation. Th e budget also focused on building skills for the future in terms of professional cer-tifi cations for the Fourth Industrial Revolution as well as technical and vocational education and training.

Malaysia@Work, a unique mar-ket-friendly solution, could be a pos-itive tipping point in labour market policies, where an eff ective imple-mentation results in a disposable household income increase and min-imising overdependence on foreign unskilled workers. Emulating the government’s strong focus on human capital development and aligned with ICMR’s earlier projects’ fi ndings on the dearth of talent in capital mar-kets, industry players also need to view human capital development from a long-term perspective while future-proofing the type of talent needed for an evolving market.

Nurturing the entrepreneurial ecosystemIn addition, entrepreneurship is great-ly emphasised and recognised as a strong transformational force in so-ciety. ICMR’s report on the venture capital industry, while focusing on supply-side fi nancing, highlights the need for strong demand-side con-siderations and to catalyse greater private sector involvement through a fund-of-funds mechanism and mar-ket access programmes.

Th e government’s RM10 million allocation to the Malaysian Glob-al Innovation and Creativity Centre to support social enterprises, and a RM10 million for My Co-investment specifi cally for social enterprises to raise funds via a peer-to-peer plat-form, could be structured through a fund-of-funds mechanism.

Th is mechanism can involve dif-ferentiated funds aligned with other policy goals for the government, such as environmental sustainability, bu-miputera and social enterprise funds. If these funds are structured for suf-fi cient scale — much needed espe-cially in the global start-up ecosystem — and on a matching basis, allowing

it to fl exibly balance between public interest and profi ts, these funds can provide a catalytic fi nancing structure for local and foreign venture capital and private equity players.

In turn, these players can bring capital and expertise to fi nance and nurture the entrepreneurial ecosys-tem, allowing benefi ciaries to benefi t from competition as a driver of growth and innovation, as well as leverage the “network eff ects” of knowledge transfer and technology-diff usion and the start-up partnership models.

The government’s customised investment incentive packages to attract Fortune 500 companies and global unicorns will further lure in-vestments, with spillover eff ects to SMEs and start-ups.

This may enhance SMEs and start-ups’ market access by provid-ing them with marquee clients and assist in overcoming any potential development challenges, which the ICMR highlighted in its report as a critical success factor to cata-lyse the growth of these companies and supporting ecosystems. Also, any incentives or assistance pro-grammes should be accompanied by eff orts to establish a centralised information gateway to assist in data collection, research for policy formulation and industry profi ling.

Harnessing Malaysia’s Islamic fi nance industry’s full potentialRecognising Malaysia has a compar-ative advantage in Islamic fi nance and eff orts have been taken to en-hance Malaysia’s leading position, it is indeed timely that the government established the Special Committee on Islamic Finance to formulate the Islamic economic blueprint with all relevant agencies. Th is ensures an eff ective coordination of the initia-tives involved, so the outcome will be greater than the sum of parts.

However, given the initiatives’ complexity and interconnectedness, a seamless sharing of information across all parties involved is imper-ative to ensure an alignment and effi cient execution. In addition, the

ministry of international trade and industry’s emphasis on giving ad-ditional focus on post-approval in-vestment monitoring and realisation is an extremely valuable evaluation mechanism which can be extended to other budget programmes.

Th is allows for constant ongoing experimentation, review and refi n-ing, as well as provide feedback loops to facilitate the recalibration of ef-forts by various parties, particularly important as the implementation of initiatives is a multi-year commit-ment and allows navigation in an ever-changing market environment.

Integrating SDGs into government policiesBudget 2020 has more mentions of sustainable development goals (SDGs) with RM10 million allocat-ed for a joint Government-United Nations SDG fund to co-fi nance SDG initiatives, RM5 million for civil society engagement to address SDGs at the local level, as well as doubling the Sustainable Develop-ment Financing Fund under Bank Pembangunan to RM2 billion.

As part of an ongoing ICMR working paper, we note that 23 countries are working towards in-tegrating SDGs into their national budgets by conducting a qualitative report on budgetary contribution or mapping the national budget against SDGs.

For instance, in Finland, each ministry is required to provide information on how sustainable development would refl ect in its sectoral policies. In Norway, each ministry is responsible for one or more SDGs and with the need to include its proposed activities for the planned year.

To support the 2030 Agenda, Ma-laysia’s commitment towards SDGs can be further enhanced if it is re-fl ected holistically in the primary political and economic expression of the government’s policy.

Contributed by the Institute for Cap-ital Market Research Malaysia

KUALA LUMPUR: CIMB Group Holdings Bhd, together with 29 other global business titans, have pledged to collaborate over two years to fulfil the Global Inves-tors for Sustainable Development (GISD) Alliance’s objectives.

In a statement, CIMB said the GISD is a United Nations (UN) in-itiative to free up trillions of dollars from the private sector to fi nance Sustainable Development Goals (SDGs).

Th e bank said over two years, the group would deliver solutions to un-lock long-term fi nance and invest-ment in sustainable development at company- and system-wide levels;

CIMB joins UN’s push to up private sector investment for SDGs

Zafrul said CIMB being part of the GISD Alliance complements CIMB’s commitment to the UN Environment Programme Finance Initiative’s Principles for Responsible Banking. Photo by Shahrin Yahya

Riad, however, said the portion of Wi-Fi contribution now to its overall ancillary income is negligible.

“But the growth potential is phenomenal because once all the aircraft have the service, people start using dependent on the needs of that day. I am sure you can get business out of it, directly and indirectly, especially when passengers browse and make a purchase via Ourshop,” he said.

Ourshop is AirAsia’s e-commerce platform.

However, for the service to have a bigger impact on its ancillary income, Riad said it has to remain attractive, not-ing the company is constantly on the lookout for more con-tent providers.

AirAsia currently uses the high-speed Ka-band platform, which claims to provide con-nectivity beyond basic broad-band, supporting real-time vid-eo, music streaming and more.

A recent survey by the In-ternational Air Transport As-sociation, which represents some 290 airlines compris-ing 82% of global air traffi c, revealed that some 53% of surveyed passengers found Wi-Fi important to have.

Th e importance is highest in Africa (71%), followed by Latin America (68%) and the Middle East (67%), with the lowest in Europe (44%) and North America (49%).

Th e 2019 Global Passenger Survey was based on 10,877 responses from passengers across 166 countries.

“With the availability of Wi-Fi connectivity continu-ing to have a direct impact on the overall travel experience, adopting the latest onboard Wi-Fi technology continues to be an eff ective way for airlines to distinguish their product off ering,” said the association.

Besides Wi-Fi, Riad said there is also a huge poten-tial to increase ancillary in-come through its cargo busi-ness Teleport, which is the second-largest cargo airline group in Southeast Asia by capacity after Singapore Air-lines Cargo as of July 2019, according to the Centre for Aviation.

“We’re currently utilising only approximately 15% of the available belly space for cargo, in which approximately 40% of our revenues are generated from connections through our network,” he said.

It delivered approximately RM206 million in revenue in fi nancial year 2018 and is on track to deliver approximate-ly RM400 million in fi nancial year 2019. — Bernama

FROM PAGE 6

53% of surveyed passengers found Wi-Fi important to have — study

mobilise additional resources for countries and sectors most in need; fi nd ways to increase business activ-ities’ positive impact; and align busi-ness practices with the 2030 Agenda for Sustainable Development.

CIMB group chief executive of-fi cer (CEO) Tengku Datuk Seri Za-frul Aziz said being part of the GISD Alliance complements the bank’s commitment to the UN Environ-ment Programme Finance Initi-ative’s Principles for Responsible Banking and allows it to enhance eff orts towards increasing invest-ments in sustainable development.

“We are pleased to join forces with 29 other global corporations

to champion sustainable develop-ment worldwide,” he added.

Convened by UN secretary-gen-eral António Guterres, the GISD Alliance, launched in New York last Wednesday, is co-chaired by Allianz CEO Oliver Bäte and Jo-hannesburg Stock Exchange CEO Leila Fourie. — Bernama

H O M E B U S I N E S S 1 1MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

Reform does not have to cost votesTh e key is strong ownership and enhanced dialogue with business and civil society — study

BY W O N G S W E E M AY

BY D AV I D E F U R C E R I , J O N AT H A N

D O S T RY & C H R I S PA PA G EO R G I O U

Yong (left) and Ashvin at the Steve Madden store’s offi cial opening in Mid Valley Megamall last Thursday.

KUALA LUMPUR: Luxury and life-style retail group Valiram has teamed up with US-based fashion accesso-ry group Steve Madden to open the fi rst Steve Madden store in Malaysia.

Th e boutique, measuring 1,410 sq ft, is located on the ground fl oor of Mid Valley Megamall.

Th e offi cial opening last Th urs-day was offi ciated by Valiram exec-utive director Ashvin Valiram and Mid Valley Megamall chief execu-tive offi cer Daniel Yong.

Steve Madden opens fi rst store in Malaysiain collaboration with Valiram

Ashvin, in a statement, said it was an absolute privilege for Vali-ram to present yet another new-to-market lifestyle brand to Malaysia.

“Steve Madden is a trend leader that is intrinsically urban with an edgy attitude, and we’re certain it will make an impact with the fashion-forward shoppers in Kuala Lumpur,” he said.

Th is is Valiram’s second Steve Madden store. Th e fi rst is located at the Takashimaya Shopping Centre in Singapore.

Th e statement noted that the store’s opening coincided with the launch of

Economic reforms are often painful in the short term and hence unpopular, but does that mean re-form-minded leaders

always pay a price at the ballot box? Not necessarily, we learn in our analysis of structural reforms and election outcomes in 66 countries.

Th e question is timely, because the economic policy agenda in both advanced and developing economies is increasingly focused on structural reforms, amid per-sistently weak medium-term growth and limited fi scal space in many countries.

Policies that change the way governments work — known as structural reforms — range from reducing regulatory barriers to competition and opening trade and fi nancial fl ows to increasing labour market fl exibility. Th ey are motivated by objectives that include raising productivity, in-vestment, and employment and making the economy more resil-ient to shocks.

While there has been broad agreement on the economic ben-efi ts of structural reforms, the po-litical impact is less settled. Th is is because reforms may generate gains for society as a whole only in the longer term while infl icting short-term pain on some sectors. Th ose aff ected may be highly vo-cal and well organised. When this happens, politicians may hold back on reforms for fear they will be penalised at the ballot box.

Our new research suggests that electoral costs associated with structural reforms can be avoid-ed, or at least substantially less-ened, if political considerations are factored into policy design. A key ingredient to make structural reforms work is strong ownership and enhanced dialogue with busi-ness and civil society.

Tracking reform progress and electoral outcomesWe studied the economic and regu-latory environment in 90 advanced and developing economies, focusing on indicators such as interest rate and credit controls, entry barriers, restrictions on external payments and receipts, trade tariff s, and em-ployment protection, to name a few. Our data covers 1973-2014. We then examined electoral outcomes for each country in our study with ful-ly democratic and open elections.

Reforms do not always mean political riskOur key fi nding based on 66 dem-ocratic countries is that, while on average reforms are associated with electoral costs, specifi c eff ects de-pend not only on the type of reform, but also on when in the electoral cycle it is implemented.

Specifi cally, reforms are generally benign or even favourable politically when implemented swiftly after elec-tions so that governments can reap the rewards from the medium-term

economic gains. Electoral risks are heightened when governments delay and enact reforms on the eve of an election, given short-term dislocation eff ects often wrought by reforms.

For example, a major reform just before an election costs the govern-ment coalition an average three per-centage points in its share of the vote. By “major” reform, we mean reforms on the scale of those implemented in New Zealand in the mid-1980s and early 1990s, which included open-ing up to trade and fi nancial fl ows, removing controls on interest rates, and reducing barriers to competition.

Because the eff ect of reforms tends to be magnifi ed when growth is strong and because voters may not be able to distinguish between the eff ects of the reform and the results of underlying economic conditions, reforms do not seem to lead to political costs when enacted at times of robust economic activ-ity. In contrast, reforms are more challenging politically under weak economic conditions.

Even when economic conditions are diffi cult, though, governments may be able to implement reforms without an electoral penalty. For ex-ample, the cases of Spain in 1979 and

Peru in 1995 show that crisis periods often present unique reform oppor-tunities that do not necessarily incur political costs. What it takes is strong ownership by leaders to build con-sensus in society that reform with stabilisation is unavoidable. In both cases, new governments instituted reforms during periods of slowing growth and high infl ation and were returned to offi ce with solid shares of the vote.

Finally, not all reforms are equal from an electoral perspective. Th e data suggests that those that engen-der increased income inequality — notably fi nancial sector dereg-ulation (such as banking sector privatisation and removing controls on credit and interest rates) and opening to fi nancial fl ows under some conditions — can exact a higher cost at election time.

Making the case for reformTh ere is a pressing need and strong case for well-designed, appropri-ately timed, and carefully imple-mented structural reforms. Th is is especially true in emerging markets and developing economies, where deregulation has stalled in recent years. A major push for structural

Steve Madden’s Fall 2019 collection, and guests enjoyed being among the fi rst in Kuala Lumpur to shop and en-joy the season’s new styles.

Among the fall season styles are dressy heels in rich embellishments; boots in a spectrum of textures and heights; pumps and sandals in bold animal prints; and sneakers in innova-tive soles and designs that scream bold.

Year ofelection ***

Rest ofterm

0

-0.5

-1.0

-1.5

-2.0

-2.5

-3.0

Timing is everything

The timing of structural reforms makes a big difference at the ballot box. Election year reforms can cost the ruling government as much as three percentage point share of the vote in an election year, whereas reforms implemented at other times do not affect re-election prospects.(change in the incumbent coalition vote share following reforms, percentage points)

Source: IMF staff calculations.Note: ***denote statistical significanceat 1%.

When the sun shines

Acting on reforms when economic conditions are favourable can minimise the political costs.(change in the incumbent coalition vote share following reforms, percentage points)

Source: IMF staff calculations.Note: ***denote statistical significanceat 1%.

Strongeconomicconditions

0-0.5-1.0-1.5

-2.0

-2.5

-3.0

-3.5

-4.0

-4.5Weak

economicconditions***

Averageeconomic

conditions***

reform would mean significant output gains in the medium term in both advanced and developing economies.

But experience with past re-forms highlights the need for careful design and prioritisation based on good communication and transparency to ensure broad-based support and alleviate the eff ect on those who will be most directly impacted — often the vul-nerable groups in society.

Three lessons from our analysis• First, governments should act

swiftly following an electoral victory to carry out reforms dur-ing their political honeymoon period.

• Second, reforms are best im-plemented when economic conditions are favourable — that is, governments should “repair the roof when the sun is shining”.

• Th ird, policymakers should fac-tor in any harm reforms may have on income distribution and take well-communicated upfront steps to off set such side eff ects. Strong social safety nets and active labour market pro-grammes that help displaced workers fi nd new jobs can help in this regard, given that reforms often mean simultaneous job creation and destruction.Strong ownership by all stake-

holders of the reform agenda, enhanced through dialogue to garner the support of businesses and civil society is key, especial-ly when economic conditions are tough.

Th is article was fi rst published in IMF Blog, a forum for the views of the International Monetary Fund staff and offi cials on pressing eco-nomic and policy issues of the day. Th e views expressed in this article do not refl ect Th e Edge Financial Daily’s stand.

Financial sector

reforms***

Real sector reforms

0

-1

-2

-3

-4

-5

-6

-7

-8

Not all reforms are the same

Financial sector reforms tend to exact a higher political cost, perhaps because they can widen income inequality.(change in the incumbent coalition vote share following reforms, percentage points)

Source: IMF staff calculations.Note: ***denote statistical significanceat 1%.

1 2 ST O C KS W I T H M O M E N T U M MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

www.theedgemarkets.com

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

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

P RO P E RT YTRADING of shares in MMS Ventures Bhd (fundamental: 2.7/3, valuation: 0.9/3) trig-gered our momentum algorithm last Friday for the fi rst time this year. Th e counter fell half a sen, or 0.58%, to close at 85 sen, valuing it at RM168.55 million. A total of 2.98 million shares changed hands, six times more than its 200-day average volume of 493,511 shares.

MMS Ventures’ net profit slipped 0.1% year-on-year to RM2.77 million for the second

quarter ended June 30, 2019, despite revenue rising 23.5% to RM15.12 million from RM12.24 million. For the cumulative six months ended June 30, 2019, the group’s net profi t fell 34.1% to RM4.46 million from RM6.67 million a year ago, while revenue was also down by 10.1% to RM25.32 million from RM28.16 million.

Th e company is involved in the design and manufacture of LED and semiconductor in-dustrial automation systems and machinery.

TRADING of shares in Wah Seong Corp Bhd (fundamental: 0.55/3, valuation: 1.1/3) trig-gered our momentum algorithm last Friday for the fi rst time this year.

Th e counter rose two sen, or 2.06%, to close at 99 sen, with a market capitalisation of RM762.76 million. A total of 7.18 million shares changed hands, 12 times more com-pared with its 200-day average volume of 590,438 shares.

Wah Seong saw its net profit fall 8.6% to RM19.24 million for the second quarter

ended June 30, 2019 (2QFY19) from RM21.04 million a year ago, on lower contributions from the oil and gas segment. Quarterly rev-enue was relatively fl at at RM757.42 million compared with RM760.01 million for 2QFY18.

The weak quarterly earnings dragged down the group’s net profi t for the cumulative six months ended June 30, 2019 (1HFY19) by 21.6% to RM39.44 million from RM50.29 million a year ago, while revenue declined 7.2% to RM1.441 billion from RM1.553 bil-lion for 1HFY18.

TRADING of shares in Widad Group Bhd (fundamental: 2/3, valuation: 0.8/3) trig-gered our momentum algorithm last Friday for the third time this month.

Th e counter closed one sen or 2.82% high-er at 36.5 sen, bringing it a market value of RM895.94 million. A total of 13.98 million shares were traded compared with its 200-day average volume of 3.62 million shares.

Th e company has been in the spotlight re-cently, after its parent Widad Business Group off ered to buy PLUS Expressways Bhd by tak-ing over 51% of the concessionaires owned

by Khazanah Nasional Bhd for RM1.5 billion cash, or 100% of the concessionaires owned by Khazanah and the Employees Provident Fund for RM3 billion cash.

Last Friday, Widad announced that it was acquiring a 90% stake in Serendah Heights Sdn Bhd — the ultimate owner of a conces-sion to develop and maintain the Universiti Teknologi Mara campus in Jasin, Melaka — for RM95.89 million. Th e proposed acquisi-tion is expected to boost the group’s order book, which now stands at RM910 million, to RM1.8 billion upon completion.

SoftBank seeks to avoid WeWork’s liabilities with new investment — sourcesBY J O S H UA F R A N K L I N ,

G R EG R O U M E L I OT I S & M I K E S P EC TO R

MMS VENTURES 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

0.902.70

25.29(0.46)

2.802.36

168.55198.29

1.530.58-1.12

*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

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

1.100.55

14.14(0.22)

0.76-

762.76770.46

1.520.60-1.00

*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

WIDAD 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

0.802.00

39.410.025.42

-895.94

2,454.641.27

0.22-0.37*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

MMS VENTURES BHD (-ve)

WAH SEONG CORP BHD (-ve)

WIDAD GROUP BHD (-ve)

NEW YORK: SoftBank Group Corp is at-tempting to become the majority owner of WeWork without assuming the on-erous lease obligations of the US offi ce space-sharing fi rm, according to people familiar with the matter.

SoftBank is offering a US$5 billion (RM20.95 billion) fi nancing lifeline that The We Company, the parent of New York-based WeWork, is assessing against a proposal by JPMorgan Chase & Co for a debt package of similar size from banks and institutional investors.

WeWork could run out of cash as ear-ly as next month without new fi nancing, sources have said, after the company pulled plans in September for an initial public off ering (IPO). It abandoned the IPO when investors questioned its large losses, the sustainability of its business model and the way WeWork was being run by its co-founder and former chief executive offi cer (CEO) Adam Neumann, who now serves as board chairman.

Over the weekend, a special board committee formed by Th e We Company to evaluate the fi nancing proposals, ring-fenced from the infl uence of SoftBank and Neumann, was working around the clock with its advisers to reach an agreement, the sources said. Th e negotiations could spill into this week, one of the sources cautioned.

SoftBank and its US$100 billion Vi-sion Fund own about a third of WeWork through previous investments totalling US$10.6 billion.

SoftBank’s latest off er values WeWork at less than US$10 billion, according to two of the sources, a fraction of the US$47 billion assigned to it in January in a pre-vious fundraising round.

‘Lease liabilities’While the split in SoftBank’s contribution between equity and debt is still being negotiated, its investment could make it the majority owner of WeWork. Were this to translate into formal voting con-trol for SoftBank, it could be forced to consolidate the loss-making company on its balance sheet, the sources said.

Th is in turn could result in SoftBank assuming WeWork’s liabilities, which include long-term leases for offi ce space that it refurbishes and rents out under short-term contracts, according to the sources. WeWork had US$18 billion in long-term lease obligations as of the end of June, according to its most recent public fi nancial disclosure. It also had US$1.3 billion in net debt.

SoftBank has been keen not to burden its balance sheet further, given its net debt of about ¥5 trillion as of the end of June, more than half its ¥9 trillion (RM347.9 bil-lion) market capitalisation, according to the Japanese technology conglomerate’s most recent quarterly earnings statement.

One way for SoftBank to avoid assum-ing formal control of WeWork that would lead to accounting consolidation would be to accept nonvoting stock for any eq-uity investment. However, it is not clear how SoftBank plans to structure the deal.

SoftBank also wants to renegotiate with WeWork a previous commitment for a US$1.5 billion investment in the form of warrants that are due in April at the US$47 billion valuation, according to the sources.

Th e sources asked not to be identifi ed because the deliberations are confi dential.

A WeWork spokeswoman declined to comment.

‘Lay-off s coming’Facing a cash crunch, WeWork is seek-ing to slow down its expansion, reducing the number of new property leases it is taking on.

The We Company’s board has also agreed on a cost-cutting plan that in-cludes lay-off s, two of the sources said, without disclosing further details. Th e cuts will occur over the coming weeks, the sources added.

Job cuts in the US could come in the fi rst week of November, one of the sourc-es said. Th ere are also expected to be job losses in other parts of the world, the source added.

The We Company’s seven-member board tasked two directors with repre-senting the interests of all investors in the company by sitting on the special committee considering the financing plans, Reuters reported earlier last week.

One is Bruce Dunlevie, who is a general partner at WeWork shareholder Bench-mark Capital. Th e other is Lew Frankfort, who is the former CEO of luxury handbag maker Coach.

Th e board committee’s advisers in-clude investment bank Perella Weinberg Partners LP and law fi rms Skadden, Arps, Slate, Meagher & Flom LLP and Wilson Sonsini Goodrich & Rosati, one of the sources said.

Representatives of Perella Weinberg, Skadden and Wilson Sonsini did not im-mediately respond to requests for com-ment.

JPMorgan has not agreed to under-write the debt package, and WeWork is waiting to see how much capital the bank will be able to raise from other lenders and credit investors. Th e debt package is split between about US$1 billion in senior secured debt, US$2 billion in unsecured debt, and US$1.5 billion to US$2 billion in letters of credit, two of the sources said.

A JPMorgan spokesman declined to comment.

WeWork may seek to combine Soft-Bank’s and JPMorgan’s fi nancing pack-ages in some form, after the latter has completed its debt fi nancing eff ort, the sources said. — Reuters

WeWork may seek to combine SoftBank’s and

JPMorgan’s fi nancing packages in some

form, after the latter has completed its debt

fi nancing eff ort.

H O M E 1 3MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

KUALA LUMPUR: For women looking for their first job after graduating, salary and bonuses come first, and career develop-ment comes second while it is the reverse for men, according to a survey conducted recently by graduate recruitment outfit, Talentbank.

The survey shows the two are the top five factors undergradu-ates looked for in their first job, besides learning and development opportunities, flexible working hours as well as company culture where the preference for both gender is the same, said Talent-

bank founder and chief execu-tive officer Ben Ho in a statement yesterday.

The parallel survey was con-ducted by the Talentbank, where 28,000 undergraduates voted in the 2nd Annual Graduate Choice Awards where they picked the Top 5 Most Attractive Employer Brands — Maybank, Petronas, Maxis, Samsung and Pricewater-houseCoopers.

Undergraduates from more than 100 universities voted for their preferred employer brands from a total of 83 companies across 23 categories. — Bernama

‘Women graduates want better salary; men want career development’

Khalid Samad: Plot to establish new government an undignifi ed move

Malaysia not realisingfull growth potentialIt has not moved up the value chain due to limited use of technology, says Azmin

MUAR: Malaysia is not realising its full economic growth potential, not having moved up the value chain due to its limited use of technology, says Economic Aff airs Minister Datuk Seri Mohamed Azmin Ali.

He said as an example, skilled manpower comprised only 27.2% of total manpower last year, noting that the Shared Prosperity Vision 2030 (WKB2030) formulated by the gov-ernment is aimed at giving a new in-jection to the economy to ensure the country’s development is more sus-

tainable, inclusive and competitive.“Restructuring of the nation’s

economy will focus on the use of high technology as well as innovation through research and development.

“Th is eff ort will drive the tran-sition of the nation’s economy to make it more progressive, based on knowledge and high values and with the participation of all levels of society,” he said when launching the national-level celebration of World Statistics Day and the 70th anniversary of the Department of

Statistics Malaysia here yesterday.Also present were Youth and

Sports Minister Syed Saddiq Syed Abdul Rahman, Johor Menteri Be-sar Datuk Dr Sahruddin Jamal, and chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin.

Mohamed Azmin said the main principle of WKB2030 as stressed by Prime Minister Tun Dr Mahathir Mohamad is ensuring equitability of outcomes as an economic strategy.

“Collecting, compiling and ana-lysing data and statistics to facilitate

the formulation and monitoring of policies should be conducted in a scientific, creative and innovative manner,” he said.

When met by reporters, he said artifi cial intelligence and Big Data analytics, part of the Fourth Industri-al Revolution, will have a signifi cant impact on the constantly changing global landscape, facilitating the pre-diction of consumer trends and the people’s needs in the eff ort to for-mulate eff ective economic policies. — Bernama

Unicef recognises strong progress of Malaysia in children’s dataKUALA LUMPUR: The Unit-ed Nations Children’s Fund (Unicef) recognised the signif-icant progress made by Malaysia in strengthening the availability of high quality data on children. Unicef representative in Malay-sia, Marianne Clark-Hattingh in a statement yesterday said the content of the Shared Prosperity Vision 2030 to review the poverty line proved the commitment of Malaysia to strengthen its na-tional statistics system. “None-theless, it should be a reminder that the systems need to undergo frequent changes to ensure they move according to the context of the changing Malaysian so-cio-economy and its new inter-national commitment such as Sustainable Development Ob-jective,” she said in a statement released in conjunction with the National Statistics Day celebra-tion. — Bernama

‘Abominable’ fi lm axed in Malaysia after rebuffi ng order to cut China mapKUALA LUMPUR: DreamWorks’ animated movie Abominable will not be released in Malaysia after its producers declined to meet a censor board require-ment to cut a scene showing China’s “Nine-Dash Line” in the South China Sea, the mov-ie distributor said yesterday. Th e U-shaped line is used on Chinese maps to illustrate its territorial claims over vast ex-panses of the resource-rich South China Sea, including ar-eas claimed by other countries. Vietnam pulled the movie from cinemas last week, while the Philippines’ foreign minister has called for the scene showing the map to be cut and the fi lm boycotted. — Reuters

RM750 special payment for Kedah civil servantsALOR SETAR: Th e Kedah Paka-tan Harapan government, while tabling the 2020 state budget yesterday, proposed a special payment of RM750 to all its civil servants. Menteri Besar Datuk Seri Mukhriz Mahathir, when tabling the budget at Wisma Darul Aman here, said the pay-ment of the special assistance would be made in December. He said more than 6,000 civil servants, both permanent and contract staff , would benefi t from the special allocation of RM5 million. — Bernama

King hands over tithes to 500 recipientsKUALA LUMPUR: Yang di-Per-tuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah consented to handing over tithes and items of daily need to 500 families of tithe re-cipient groups in the Lembah Pantai area. Th e giving of the aid was in conjunction with the 2019 Federal Territories’ “Kembara Rahmah Zakat” pro-gramme at the Eco Park Pantai Community Centre here yes-terday. — Bernama

I N BR I E F

JAKARTA: Prime Minister Tun Dr Mahathir Mohamad has ar-rived in Jakarta, for a working visit to attend the inauguration of the president and vice pres-ident of Indonesia for the 2019 to 2024 term.

The special aircraft carrying the prime minister and his wife Tun Dr Siti Hasmah Mohd Ali ar-rived at Halim Perdanakusuma International Airport in Jakarta at 10.51am West Indonesia time yesterday.

The prime minister and wife were received by Foreign Min-ister Datuk Saifuddin Abdul-lah, Indonesian Minister of Vil-lages, Disadvantaged Regions and Transmigration Eko Putro Sandjojo as well as the Malaysian Ambassador to Indonesia Datuk Zainal Abidin Bakar.

President Joko Widodo (Joko-wi) took his appointment oath at the Indonesian parliamentary building at 2pm after winning

the 2019 presidential election on April 17.

His first term (2014-2019) as president ended on Saturday.

Jokowi, 57, who is aided by the new Vice President Ma’aruf Amin, 76, defeated the Prabowo Subianto and Sandiaga Uno team.

Zainal Abidin said Dr Ma-hathir’s presence is a mani-festation of the close relations between the two leaders and countries and the appointment of Jokowi for the second term would be heralding a new chapter and further strengthen relations be-tween the two countries.

Apart from Dr M, 17 top leaders were expected to at-tend, among them were Brunei Darussalam’s Sultan Hassanal Bolkiah, Singapore Prime Min-ister Lee Hsien Loong, Australia Prime Minister Scott Morrison and Cambodia Prime Minister Hun Sen. — Bernama

Dr Mahathir attends Indonesian president’s inauguration

KUALA LUMPUR: Th e plot to es-tablish a new government, if true, is an undignifi ed move, said Parti Amanah Negara (Amanah) com-munications director Khalid Abdul Samad yesterday.

He is confi dent that the plot will fail because Pakatan Harapan component parties will hold true to their promise to jointly lead and govern the country.

Speaking at a press conference here, Khalid said the plot was an eff ort to establish a new govern-ment through the back door and “although it is said to be [that of ] Kongres Maruah Melayu (Malay

Dignity Congress), it is an eff ort that is undignifi ed”.

“I urge the opposition to re-spect the mandate given by the people who want Pakatan Hara-pan to govern ... don’t betray this mandate with eff orts to establish a government through the back door,” he added.

On Oct 15, the Pakatan secre-tariat issued a statement, urging former Umno vice-president Da-tuk Seri Hishammuddin Hussein to put a stop to a campaign aimed at establishing a government with-out the participation of DAP and Amanah. — Bernama

1 4 B R O K E R S’ C A L L MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Some improvement in FY20 expected for Bursa Malaysia

Duopharma Biotech Bhd(Oct 18, RM1.37)Maintain add with an unchanged target price of RM1.56: Duophar-ma Biotech Bhd (DBB) expects its insulin supply to the health min-istry (MoH) to continue after its contract expiry in December 2019 as forecast. To recap, Duopharma Marketing Sdn Bhd, or formerly CCM Pharmaceuticals Sdn Bhd, was appointed in April 2017 the authorised reseller of human in-sulin in Malaysia by Indian bio-pharmaceutical Biocon Ltd (not rated). Th e supply of insulin is for the three years from 2017, with an option to extend another two years. Th is follows a RM300 mil-lion contract award from the MoH for the supply of recombinant hu-man insulin and reusable insulin pens to government hospitals or clinics.

DBB remains optimistic that the approved product purchase list (APPL) tender cycle, expir-ing in November 2019, will be ex-tended another 12 months as the contract is usually valid for three years. Th e current tender cycle would otherwise fall short of three years as bids were only solicited in January 2017; the contract award would have been six months later.

We also took note that new

bids had yet to be called for, for the next cycle. Separately, the government in Budget 2020 an-nounced that it intends to central-ise the tender and procurement of RM500 million worth of med-icines across the MoH, defence ministry and university hospitals. Th is makes up less than 20% of MoH’s expenditure for pharma-ceuticals and may not aff ect the APPL channel. DBB also believes Pharmaniaga Bhd, under the con-cession, is crucial as it ensures the supply of drugs’ continuity given its accessibility to remote areas. Its wide network also helps fulfi l the end-mile delivery.

While the group continues to grow and expand its range of pre-scription and over-the-counter products, it emphasised again its interest in diversifying into niche and higher-value segments as il-lustrated by its partnership and collaborations with foreign play-ers in therapeutic areas. Poten-tial rerating catalysts for the stock include stronger healthcare de-mand in the public and private sectors, and further inroads into the high-value segment. Downside risks include weaker-than-expect-ed demand for healthcare and unfavourable regulatory chang-es. — CGS-CIMB Research, Oct 17

Duopharma Biotech seen diversifying into niche, higher-value segments

Bursa Malaysia Bhd(Oct 18, RM6.19)Maintain market perform with a lower target price (TP) of RM6: Recent extractions from Bloomberg indicate Bursa Malaysia Bhd record-ed securities’ average daily values (ADV) in the third quarter of cal-endar year 2019 (3Q19) of RM1.84 billion, weaker than the fi rst half of financial year 2019 (1HFY19) ADV of RM2.04 billion. Th is was likely due to dampening trading appetite caused by pared-down contract values of various megapro-jects, ongoing disruptive trade wars and weakness in the local currency.

Although Budget 2020 is gen-erally positive for the market, we reckoned it is not enough to pro-pel Bursa’s 2HFY19 ADV close to the prior period due to lingering pessimism and a slowing foreign investor participation.

While market returns were not good in FY18 impacted by the 14th general election, Bursa’s volume was nonetheless better compared to the current year still dealing with the tail-end eff ects of reduced trade volumes. We are hopeful of some improvements for Bursa in FY20 when the trade war pro-gressively eases with some clarity available.

However, the local market could still be tepid on a sluggish ringgit — our estimates are RM4.15 to RM4.20 per US dollar. Meanwhile, assuming our average Brent oil price expec-tations of US$65 per barrel hold for FY19 and FY20, there could be little space for trading opportunities if the current level of about US$60 per barrel persists. However, we believe positive catalysts could be foreign

Kuala Lumpur Kepong Bhd(Oct 18, RM21.50)Maintain hold with a lower fair value of RM22.05: We have re-duced Kuala Lumpur Kepong Bhd’s (KLK) financial year 2020 forecast (FY20F) net profit by 4.7% to account for a weaker manufac-turing earnings before interest and tax (Ebit) margin. We lowered our assumption of KLK’s manu-facturing — mainly oleochem-ical activities — Ebit margin to 4% from 4.8% as selling prices of oleochemical products may be pressured by stiff competition and slower demand.

We understand that weather conditions at KLK’s oil palm es-tates in Indonesia and Malaysia have improved, with rains return-ing. In Riau, KLK’s oil palm estates

Bursa Malaysia Bhd FYE DEC (RM MIL) 2018A 2019E 2020E

Operating revenue 523.3 471.0 482.2Operating income 290.4 237.3 250.6PBT 308.2 249.5 265.1Net profit (NP) 224.0 181.4 192.9Consensus (NP) - 215.3 226.9Earnings revision (%) - -7.1 -12.6EPS (sen) 27.8 22.5 24.0EPS growth (%) 0.4 -19.0 6.3DPS (sen) 33.6 21.0 23.0BVPS (RM) 1.1 1.1 1.1PER (x) 21.9 27.0 25.4P/B (x) 5.6 5.5 5.5Net gearing (x) (0.3) (0.2) (0.2)Dividend yield (%) 5.5 3.5 3.8Source: Kenanga Research

investors returning and infrastruc-ture projects’ potential revival.

We cut our FY19 and FY20 earn-ings estimates for Bursa by 7% and 13% mainly due to downside ad-justments to our ADV expectations. Having anticipated Bursa’s 2HFY19 ADV of about RM2.6 billlion, we are now skimming it to about RM1.9 billion — a more realistic level, we reckoned.

We also shaved our FY20 ADV assumptions from RM2.3 billion to RM2.8 billion a quarter to a full-year average of about RM2 billion — a 5% year-on-year (y-o-y) growth in line with our aforementioned views.

Following the said adjustments, we anticipate Bursa’s earnings for the nine months of FY19 to be RM133 million to RM137 mil-lion or down about 21% y-o-y and some 74% year to date. Th is implies 3QFY19 earnings of RM40 million

to RM44 million, from 2QFY19’s RM46.2 million. To reiterate, weak-ness in Bursa’s earnings is likely caused by a passive trading envi-ronment.

While our ascribed valuation of 25 times FY20 estimated price-earn-ings ratio — close to Bursa’s current and three-year forward average — is unchanged, our reduced TP is due to the lower earnings revision.

While the immediate outlook for Bursa could be dim, we opined that the current trading levels could have well accounted for that.

To balance the weakness in mar-ket activities, we believe investors could still lean on Bursa for a fair dividend yield of about 4% from the average payout of about 90%. Keeping with FY17 and FY18 trends, we do not discount possible special dividends to be paid this year. — Kenanga Research, Oct 18

KLK seen to face stiff competition in oleochemical segment

Duopharma Biotech Bhd

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

Revenue 465.7 498.7 546.4 598.8 661.8Operating Ebitda 83.0 99.9 114.3 129.4 149.7Net profit 41.53 47.64 59.60 66.34 78.17Normalised EPS (RM) 0.07 0.09 0.09 0.10 0.11Normalised EPS growth (%) (40.7) 21.9 (1.3) 11.3 17.8FD normalised PER (x) 13.34 15.27 15.24 13.94 11.83DPS (RM) 0.085 0.055 0.044 0.049 0.057Dividend yield (%) 6.25 4.04 3.22 3.59 4.23EV/Ebitda (x) 11.04 10.39 9.40 8.25 6.94P/FCFE (x) NA 57.1 145.1 13.7 10.5Net gearing (%) 6.5 30.2 27.3 24.5 18.1P/BV (x) 1.84 1.85 1.68 1.58 1.47ROE (%) 10.1 12.1 11.6 11.7 12.9Normalised EPS/consensus EPS (x) 0.88 1.00 0.94Sources: CGS-CIMB Research, company reports

did not experience any rain for as long as 75 days since July 2019.

We assumed a flat fresh fruit bunch (FFB) production for KLK in FY20 versus a 4.5% increase in FY19, and believe an unspectac-ular FFB production growth in FY20 as the group would be re-planting about 11,000ha of age-ing oil palm trees. The targeted replanting areas are about 5% of KLK’s total planted areas. Also, KLK’s FFB output in Indonesia may be affected by a lagged im-pact of a drought from July to Sep-tember 2019.

We forecast KLK’s manufac-turing Ebit to grow 6% for FY20 on a 5% increase in revenue, and expect a flat manufacturing Ebit margin at 4% in FY20. We believe that more than half of KLK’s man-

be used for working capital and refinancing borrowings. KLK’s gross borrowings stood at RM4 billion as at end-September 2019.

Incidentally, KLK has not car-ried out any acquisitions so far this year. In the past eight years, KLK has made or proposed an acquisition per year. In 2018, KLK acquired PT Putra Bongan Jaya for US$80 million in cash. PT Putra Bongan Jaya has planted areas of 7,500ha in East Kalimantan.

KLK is currently trading at F Y20F (ending September)price-earnings (PE) of 26.5 times versus IOI Corp Bhd’s FY21F (end-ing June) PE of 28.3 times and Sime Darby Plantation Bhd’s FY20F (ending December) PE of 39.9 times. — AmInvestment Bank, Oct 18

Kuala Lumpur Kepong Bhd FYE SEPT (RM MIL) 2018 2019E 2020F 2021F

Revenue 18,400.5 18,875.5 19,572.7 20,418.1Net profit 753.3 708.8 871.4 981.0EPS (sen) 70.6 66.4 81.6 91.9EPS growth (%) (25.1) (5.9) 22.9 12.6Consensus net 1,006.0 674.8 841.1 928.1DPS (sen) 45.0 45.0 47.0 50.0PER (x) 30.6 32.6 26.5 23.5EV/Ebitda (x) 15.6 15.8 13.5 13.1Dividend yield (%) 2.1 2.1 2.2 2.3ROE (%) 6.6 6.1 7.4 8.0Net gearing (%) 24.6 20.1 18.6 16.4Source: AmInvestment Bank

ufacturing earnings come from the group’s operations in Malay-sia, while the European Union unit is the second-largest profit

driver of the division.Recently, KLK raised RM2 bil-

lion from issuing sukuk notes. We believe the proceeds would

B R O K E R S’ C A L L 1 5MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

CPO exports seen further boosted by lower export dutyPlantation sectorMaintain market weight: As of Oct 16, 2019, crude palm oil (CPO) spot and three-month futures prices were at RM2,115 and RM2,201, re-covering from the lows of RM1,976 and RM2,013 respectively in Aug 19. Th e lower-than-expected produc-tion in the third quarter of calen-dar year 2019 (3Q19) and relatively good demand from India and China led to a slower inventory build-up.

The proposals in Budget 2020 for the plantation sector will bring positive impact on the sector, es-pecially from the B20 biodiesel im-plementation. Th e proposed B20 biodiesel implementation could absorb 10-15% of Malaysia’s CPO production, which could lift CPO prices and mitigate the potential impact from Europe’s restriction on the use of palm oil for biofuel (around four tonnes). Demand for palm oil might be further boosted by the revised lower export duty. On the supply side, we reckon the replanting loans came at the right time to relieve the burden of small-holders in their replanting activities.

Industry players are relieved that the increment in the mini-mum wage applies only to major cities, as most plantation estates are not located there. However, the increment is still unclear for those with downstream operations in Port Klang and Pasir Gudang. If the minimum wage applies nationwide, this would impact palm oil players’ earnings as the increment in pro-duction and prices would not be

able to fully off set higher staff cost.We reckon the projected high CPO

production numbers given in the Economic Outlook 2020 would be diffi cult to achieve. Based on the 21 tonnes projection in the Economic Outlook 2020 for 2019, CPO produc-tion in 4Q19 would have to be 5.8 tonnes. Th is may be hard to achieve as fourth quarter production has his-torically been at 5-5.5 tonnes. Also, the drier weather and haze in 3Q19 and lower fertiliser application since late-2018 could lead to smaller fruit bunches and lower oil extraction rate. Th e projected CPO production of 22.2 tonnes for 2020 also appears to be a tough target. We estimate 2019 production at 20.0-20.2 tonnes and 2020 production to be at best fl at year-on-year (y-o-y).

CPO prices should have bottomed and downside is off set by improv-ing soybean prices and high crude oil prices. We also expect the palm oil oversupply to ease leading up to 4Q19-2020. However, the recent price recovery is relatively muted for Ma-laysia-based plantation companies as production growth is expected to be fl at or just marginally higher y-o-y for 2019. We are expecting slower production growth in second half of CY19. On the cost side, the high-er minimum wage will not be fully off set by the marginal increase in production. Companies with high-er contributions from downstream should be able to mitigate the price impact. Among the companies under our coverage, IOI Corp has a higher downstream contribution of 52.9%

of fi nancial year 2019 (FY19) oper-ating profi t.

These are the key highlights from Budget 2020 for the planta-tion sector:

i) B20 biodiesel programme will be implemented by end-2020. Th e B20 biodiesel programme is like-ly to take up 500,000 tonnes per year (14% of current domestic con-sumption). Assuming full-year B20 biodiesel implementation, annual biodiesel consumption would be 1.26 tonnes and domestic palm oil consumption might increase to 3.6-4.0 tonnes per year. Assuming total production of 21 tonnes for 2020, the B20 biodiesel programme would be able to take up 15-20% of the total production. Th e B20 bio-diesel programme is currently on a six-month trial. Th e incremen-tal demand for palm oil from the higher biodiesel mandate will be able to boost CPO prices in 2020. Th is may benefi t companies with biodiesel operations, such as Sime Darby Plantation, Kuala Lumpur Kepong, Genting Plantations and Sarawak Oil Palms, although the impact might be insignifi cant;

ii) Allocation of RM550 million in palm oil replanting unsecured loans for smallholders at interest of 2% per annum with a tenure of 12 years, including a four-year mora-torium on repayment. Th e loan is expected to help ease the fi nancial burden of smallholders, and comes at the right time as commodity pric-es are still relatively low. However, there is no impact on plantation

companies as they are not entitled to the replanting loan;

iii) Allocation of RM27 million to support Malaysian Palm Oil Board to market palm oil internationally and counter anti-palm oil cam-paigns. Malaysia has been actively promoting palm oil international-ly and is involved in anti-palm oil campaigns. Th is may marginally increase palm oil demand; and

iv) Lower revised export duty for CPO eff ective January 2020. CPO exports would be further boosted by the lower export duty.

We maintain our CPO price as-sumptions at RM2,100 per tonne and RM2,250 per tonne for 2019-2020 respectively.

2019 should see higher biodiesel usage, supported by the expanded biodiesel mandates in Indonesia and Malaysia. With the aggressive bio-diesel blending programme planned by the Indonesia and Malaysia gov-ernments, the demand for palm oil would come in stronger which may off set the reducing biodiesel demand from the European Union.

The key risks are weakening crude oil prices and changes in government policies, especially from importing countries. Biofuel demand currently makes up close to 30% of global palm oil consump-tion. Thus, weakening crude oil prices could put this demand at risk. Meanwhile, key markets to monitor would be Europe (biofuel policy), India (import duty and base prices) and Indonesia (biodiesel mandate). — UOB Kay Hian, Oct 18

Malaysia Airports Holdings Bhd(Oct 18, RM8.13)Maintain buy with a lower target price (TP) of RM9: Malaysia Airports Holdings Bhd’s (MAHB) share price declined 8% last week due to uncer-tainties over the new Regulatory Asset Base (RAB) framework. According to Th e Edge Financial Daily, quoting Transport Minister Anthony Loke, the transport ministry is looking at alter-natives for a RAB framework for fu-ture domestic airport developments. Separately, the Malaysian Aviation Commission has not published the fi nal paper on the RAB framework, which will set the passenger service

charges (PSC) — this was due to have been published on Oct 1.

We estimate that it could take another one to two years to come out with a new framework, as it in-volves many stakeholders. Hence, we believe there is still a likelihood that the RAB framework will still be implemented, although the details may change, for example, its validity may only apply for Phase 1, which covers the 2020-2022 period.

Th e previous announcement of the PSC’s reduction was done via the user fees’ contra-method. Th is means the earnings impact is neutral to MAHB, as the lower PSC collec-

Press Metal’s operating margin expected to improvePress Metal Aluminium Hold-ings Bhd(Oct 18, RM4.77)Upgrade to buy with a higher target price (TP) of RM5.35: Th e construction of Press Met-al Aluminium Holdings Bhd’s third aluminium smelting plant with a production capacity of 320,000 tonnes started in Au-gust 2019. Th e new plant is ex-pected to come online in Oc-tober 2020 and lead to a 42% increase in smelting capacity.

We believe Press Metal’s op-erating margin will improve on the back of lower alumina prices. Alumina prices fell to US$290-300 per tonne after peaking at US$638 per tonne in September 2018 due to the disruption in global alumina supply. We expect alumina pric-es to remain at 16-17% of Lon-don Metal Exchange alumin-ium prices as alumina supply recovers with the resumption of 50% of Alunorte’s production at Alunorte and new capacity. In addition, Press Metal’s acquisi-tion of PT Bintan Alumina In-donesia (PT BAI) should ensure sustainable alumina supply at favourable rates in the future.

Recently, S&P Global Rat-ings downgraded Press Metal’s rating to “B+” from “BB-”, while Moody’s revised the group’s outlook to negative. Th e rating agencies are concerned about the group’s fi nancial health on its debt-funded expansion plan. However, we believe the group’s leverage is still manageable. Based on our calculation, its net gearing will increase to one times from 0.8 times (as at end-June 2019) after accounting for the expansion capital expend-iture and the PT BAI acquisi-tion. In addition, we expect its operating cash fl ow to remain healthy and suffi cient to sup-port its day-to-day operations.

We cut our financial year 2019 (FY19) earnings per share (EPS) forecast by 4%, but lift our FY20-FY21 estimates (E) by 3-5% to refl ect a better operat-ing profi t margin and weaker RM/US$ assumption. Given the strong two-year EPS compound annual growth rate of 38% for FY20-FY21E post our earnings revision, we upgrade our call on Press Metal to “buy” with a higher TP of RM5.35, based on a higher FY20E price-earnings ratio of 33 times (previously 31 times). — Affi n Hwang Capi-tal, Oct 18

Neutral impact on MAHB seen from lower PSC

Plantation sector peer comparison

PRICE @ TARGET MARKET 2019F DIV 17 OCT 19 PRICE CAP PER (X) ROE P/B DIV YIELDCOMPANY REC (RM) (RM) (US$ MIL) 2018 2019F 2020F (%) (X) (SEN) (%)

IJM Plantations Hold 1.47 1.35 309 NA NA 20.5 -2.7 1.0 NA NAKim Loong Hold 1.17 1.10 261 20.9 15.2 13.9 7.1 1.5 4.2 3.6KL Kepong Hold 21.62 22.20 5,503 30.7 30.1 24.4 6.6 2.2 32.4 1.5Sarawak Oil Palms Hold 2.14 1.70 292 19.9 26.5 16.6 2.9 0.6 4.4 2.1IOI Corp Hold 4.40 3.90 6,609 43.6 27.7 27.0 6.8 3.0 8.3 1.9Sime Darby Plantation Sell 4.87 3.10 8,013 63.2 81.2 40.2 3.9 2.5 3.3 0.7Genting Plantations Sell 10.08 7.10 2,162 46.5 40.8 27.1 3.9 1.9 33.2 3.3Source: UOB Kay Hian

tion will be neutralised by a decrease in user fees paid to the government. If the new RAB framework results in a lower PSC, we believe this ar-rangement will remain.

Pending the fi nal outcome, we maintain our fi nancial year 2019-2021 forecast (FY19F-21F) earnings. Risks to our recommendation and TP include weaker-than-expected passenger traffi c, an unfavourable outcome or cancellation of the RAB framework, a negative outcome from ongoing court cases, and sharp de-preciation of the Turkish lira.

We keep our call with a new TP which implies 25.3 times FY20F

price-to-earnings (P/E), or -0.52 standard deviation (SD) from its average two-year forward P/E. We lowered the value of MAHB’s Malay-sia operations after increasing beta to refl ect the lower certainty of the RAB framework and new PSC charges to be implemented eff ective 1 Jan 2020. Despite the uncertainty of the tim-ing, we want like to highlight that any reduction in PSC charges will likely be earnings neutral for MAHB. Th e selldown has lowered the valuation to 22.6 times FY20F P/E, or -0.94SD, which means most of the negatives have already been priced in. — RHB Research Institute, Oct 18

Acquisition of PT BAI should

ensure sustainable alumina supply at favourable rates in

the future.

1 6 C O M M E N T MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Which is scarier, climate change or CLOs?All due respect to Greta Th unberg but the corporate-debt time bomb is the more imminent threat

BY E L I S A M A R T I N UZ Z I

BY T H E R E S E R A P H A E L

Call it the Greta ef-fect. Global finance titans gathered at the annual Internation-al Monetary Fund (IMF) meetings in

Washington last week identified climate change as a key risk to the long-term health of the world economy. It was one of the hot topics discussed, perhaps partly inspired by the teenage activist Greta Thunberg who has made saving the environment a cause celebre. But a more immediate concern within bankers’ wheel-houses was also prominent on their worry list: Record levels of corporate borrowings, tucked away in hidden pockets of the financial system, have the potential to do great damage.

Th e IMF warned that as much as US$19 trillion (RM79.6 trillion) of corporate debt — or nearly 40% of total borrowings by companies in major economies — may be at risk of default in the event of a se-vere economic slowdown. Since 2009, corporate speculative grade debt as a percentage of gross do-mestic product has soared in China and risen in the US, and with rates low, investors have been taking on more risks to boost returns. While banks may not have much of this risky debt on their own books, 80% of non-bank fi nancial institutions are now as vulnerable as during

the global fi nancial crisis, accord-ing to the IMF. Th at number is up from 60% in April.

The risk is that losses could cascade through the banking and non-banking fi nancial sectors, am-plifying the shock of any downturn, said the IMF. And so it is rightly

calling on regulators to toughen and intensify their supervision of banks and non-bank fi nancial in-stitutions. Reviewing banks’ lend-ing practices and carrying out tar-geted stress tests is already within supervisors’ remit and they should heighten their guard. Mapping out

as much of the interconnectedness as possible should be a priority for supervisors.

Of particular concern is the leveraged loan market, which has grown to more than US$1.2 trillion, and where there are signs that in-vestors are already becoming anx-

THERE was very nearly a bedtime Brexit tale that went something like this: And so, fi nally, the por-ridge was just right, Parliament ate up Boris Johnson’s Brexit deal and then, satisfi ed, went to bed. Th e End.

Of course, lawmakers did not eat up and this interminable sto-ry is not over. Saturday’s parlia-mentary session instead served up another helping of thin gruel to those British voters who just want the whole thing resolved. Rather than the prime minister getting a vote on his 11th-hour agreement with Brussels, one he may possibly have won, he could only watch as lawmakers passed an amendment giving them more time to scrutinise the deal before passing it.

Johnson might yet win the day; he is planning another push today to get Parliament to sign off on the principle of his European Union (EU) agreement. Yet one can hardly begrudge the House of Commons for wanting a closer look at legisla-tion that will infl ict such profound and historic changes on the UK.

Th ere was a danger that if John-son’s deal had passed but the fol-

UK’s Johnson has his campaign slogan readylow-up legislation was rejected, a no-deal Brexit would have hap-pened by default on Halloween. Taking that unhappy prospect off the table would be a noble and useful thing in itself.

Th e amendment from the inde-pendent, formerly Conservative, lawmaker Oliver Letwin said the Johnson deal could be approved only if the implementing legislation — called the Withdrawal Agree-ment Bill — passes too. Letwin supports the Johnson deal and was not trying to derail it (even if many of the amendment’s backers were); but given this government’s will-ingness to gamble with a no-deal exit, and the fact that a number of Conservative members of parlia-ment (MPs) would be happy with that outcome, he was not taking any chances.

While implementing legislation usually takes between 10 and 40 days, it might be done more quickly this time if there is political sup-port. It will also need agreement from the House of Lords, where the government does not control the timetable. Johnson said he would press on with a potential “mean-ingful vote” today and it is possi-ble the Withdrawal Agreement Bill

could be introduced as early as tomorrow. But it will be up to the House of Commons Speaker John Bercow, who has so often spoiled the government’s attempts to force through Brexit, to rule on what is permissible.

Saturday’s setback certainly does not kill Johnson’s deal. It had much more support than his prede-cessor Th eresa May’s attempt, and more than the alternative options of a no-deal Brexit, revoking Brexit altogether or a second referendum. It also, crucially, has momentum.

Johnson’s gamble was that enough lawmakers could be shooed onto the bandwagon on Saturday before the real forensics began. Th at this did not happen is in large part because his slash-and-burn strategy — where he fi rst threatened a no-deal exit and then off ered once unthinkable conces-sions to Brussels to get a deal over the line — has also undermined trust. Th e deal conjured success by pulling the rug out from under Northern Ireland’s Democratic Unionist Party (DUP), a key Con-servative ally.

Whereas Johnson, May and many Tory Brexiters had sworn never to support an arrangement

that put a customs border between the UK mainland and Northern Ireland, the new deal eff ectively does that. The DUP are furious about something that ties North-ern Ireland closer to the EU and separates it from the rest of the UK, an aff ront that was made worse by the party’s failure to secure a veto on the new arrangements.

If Johnson had kept the support of the DUP, the Letwin amendment would not have passed on Satur-day, and he will no doubt be seek-ing ways to bring Arlene Foster’s party back into the tent.

While Johnson vowed after Sat-urday’s defeat not to “negotiate” an extension with the EU, the Benn Act (named after the Labour MP who introduced it) required the prime minister to seek a three-month extension by last Friday whether he wanted to or not. On Saturday night, Johnson apparently sent a photocopy of the legally required extension letter but did not sign it, along with a separate signed warning that a delay would be a mistake. Most indications are that the EU will almost certainly grant an extension rather than see the UK leave with no deal.

Meanwhile, the government will

surely try to use the legislative pro-cess to woo holdout MPs with con-cessions, although opponents will try to attach amendments, such as a confi rmatory referendum to put any agreed deal back to the Brit-ish public. Johnson’s last-minute breakthrough with Brussels blind-sided both the opposition Labour Party, whose own Brexit policy is a shambles, and the centrist Lib-eral Democrats, which wants to cancel Brexit. Th ey will relish any chance to make sweeping chang-es as the legislation goes through Parliament.

Th e EU may off er Johnson a con-ditional extension to the Oct 31 date, which would come into force only if he fails to get the Withdrawal Agreement Bill through Parliament by then. If he cannot manage it, an extension looks inevitable, fol-lowed by either a general election or possibly another referendum to try to break the impasse, though the extra time needed to organise the latter would worry Brussels.

Clearly a deal is Johnson’s pre-ferred choice, but if Parliament will not comply, his election cam-paign is ready. Anticipated slogan: Get Brexit Done, With My Deal. — Bloomberg

ious. Th is includes collateralised loan obligations (CLOs), pools of risky loans that are bundled and sold in tranches. Th e Financial Sta-bility Board is conducting a review of CLOs, with the aim of mapping out the owners of the securities and examining the potential implica-tions of clients pulling out money in a downturn in a market now total-ling more than US$600 billion. Th e results cannot come soon enough.

Th at is not to say looking after the planet is not important. Th e IMF’s new chief Kristalina Georgie-va, who pioneered green bonds in 2008 while at the World Bank, is set-ting an ambitious agenda and pro-voking debate on climate change. Discussing whether assigning dif-ferent risk weightings to assets that are more or less green fosters an important discussion that engages the fi nancial community. Unsur-prisingly, bankers are all too keen for green incentives that would lighten their capital demands. For now, though, the focus should be on setting common standards and defi nitions, and on a push towards mandatory disclosures. In the ab-sence of those, identifying future risks and opportunities is an im-perfect science.

Which is scarier: climate change or CLOs? Th e fact is, both pose ma-jor global risks and demand at-tention. All due respect to Greta Th unberg, but the corporate-debt time bomb is the more imminent threat. — Bloomberg

Filepic of Greta Thunberg. Global fi nance titans who gathered at the annual IMF meetings in Washington last week identifi ed climate change as a key risk to the long-term health of the world economy. It was one of the hot topics discussed, perhaps partly inspired by Thunberg who has made saving the environment a cause celebre. Photo by Reuters

W O R L D B U S I N E S S 1 7MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

IMF to examine climate risk to fi nancial markets — offi cialWASHINGTON: The Interna-tional Monetary Fund (IMF) is examining the impact of climate on the world’s finan-cial markets and whether it is priced into market valuations, the head of the global lend-er’s markets division said on Saturday. “We are doing work on the pricing of climate risks and to what extent it is priced into stock and bond markets,” said Tobias Adrian, financial counsellor and director of the IMF’s monetary and capital markets department. “We are going to look at [the] stock markets country by country, then by sector.” — Reuters

‘Boeing board meet in Texas as scrutiny intensifi es’ SEATTLE/LONDON: Boeing Co’s board of directors and top executives from its air-planes division and supply chain met yesterday in San Antonio, Texas, two days af-ter the US plane-maker was plunged into a fresh crisis over its banned 737 MAX jet. Th e meeting comes as pressure mounts on the world’s largest planemaker not only from in-vestigations into the 737 MAX following two deadly crashes, but also from the fi nancial bur-den caused by the jet’s safety ban and continued high pro-duction. — Reuters

South Korea sees growth missing government’s 2.4% target — YonhapSEOUL: South Korea’s eco-nomic growth may miss the government’s target of 2.4% to 2.5% this year, Yonhap news agency reported, citing the finance minister. Growth is more likely to meet the pro-jections of International Mon-etary Fund (IMF) and the Organisation for Economic Cooperation & Development (OECD), the news agency cit-ed Hong Nam-ki as saying in Washington, where the group of 20 nations’ fi nance ministers and central bank governors met. IMF and OECD forecast Asia’s fourth-largest economy will expand at 2% and 2.1%, respectively. — Bloomberg

Lufthansa cabin crew union stages all-day strike at smaller airlinesFRANKFURT: German fl ight at-tendants’ union yesterday said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row over workers’ pay and pensions. Th e walkout at Lufthansa brands German-wings, Eurowings, Lufthansa City Line and Sunexpress had initially been scheduled for 0300-0900 GMT but the union in a statement yesterday said the industrial action would now be extended until midnight local time (2200 GMT), citing threats made by the airline over jobs as the reason. — Reuters

I N BR I E FGlobal fi nance chiefs pledge to use all tools to aid growthTh is includes fi scal policy to support the demand

WASHINGTON: Th e Bank of Ja-pan (BoJ) will “certainly” reduce short- to medium-term interest rates if it needed to ease mone-tary policy, Governor Haruhiko Kuroda (pic) said, suggesting that deepening negative rates will be the primary tool to fi ght heightening overseas risks.

Kuroda also said the BoJ already has a flexible frame-work that allows it to accelerate purchases of exchange-traded funds if markets become vola-tile, signalling its readiness to moderate stock price falls that could hurt business sentiment.

“On the whole, the world eco-nomic outlook ... has become less buoyant. And the timing of (pick-up) of world economic growth has been somewhat delayed,” says Kuroda, adding that risks continue to be “fairly high”.

“If we need further easing of monetary conditions, we would certainly reduce short- to medi-um-term interest rates. But we don’t want to reduce super-long interest rates,” he said on Satur-day after attending the Interna-tional Monetary Fund and World Bank meetings. — Reuters

WASHINGTON: Brexit would not have a big impact on the European or global economies, former Bank of England gover-nor Mervyn King said, off ering a counterpoint to persistent con-cerns by global policy makers that the move could further dent already-weakening growth.

“I don’t honestly believe that Brexit has any great signifi cance even for the rest of Europe, let alone the rest of the world. I don’t think the long-run eco-nomic consequences of the UK leaving the EU (European Un-ion) are particularly large,” King said, responding to questions after a speech at the Interna-tional Monetary Fund’s annual meetings in Washington.

He did not explicitly address the potential impact of a Brexit without an EU agreement, an outcome most analysts project would be far more damaging than one with a deal.

Th e eff ects of prolonged un-certainty over trade and Brexit have been an important topic of discussion at the IMF meetings. Back in London, Prime Minister Boris Johnson was forced last Saturday to ask Brussels for a delay to the UK’s exit, though it is not clear yet that it will be postponed. — Bloomberg

‘BoJ can cut short-term rates to ease monetary policy’

‘Brexit’s impact on world economy to be minimal’

BY J E F F K E A R N S , R E N E V O L L-

G R A A F F & E N D A C U R R A N

WASHINGTON/HONG KONG: Global fi nance ministers and cen-tral bankers pledged to use all their tools, including fi scal policy, to sup-port demand amid a “highly uncer-tain” outlook and elevated risks.

“Th e outlook is highly uncertain and subject to elevated downside risks,” including trade tensions, policy uncertainty and geopolitical risks, according to a communique issued last Saturday by the Inter-

WASHINGTON: China’s top cen-tral banker said on Saturday that potential escalation of trade ten-sions and policy uncertainty were the major risk factors facing the world economy, and market forc-es were keeping China’s yuan at an appropriate level.

Yi Gang, the governor of the Peo-ple’s Bank of China, said in a state-ment to the International Monetary Fund’s (IMF) steering committee that Beijing is “deeply disappoint-ed” in the IMF’s failure to realign

national Monetary and Financial Committee (IMFC), the steering panel of the IMF’s 189 member countries. “We will employ all ap-propriate policy tools, individually and collectively, to mitigate risks, enhance resilience and shore up growth to benefi t all.”

Th e statement was released in Washington, where the Interna-tional Monetary Fund (IMF) and World Bank are holding their an-nual meetings.

“Available fi scal space should be used to support demand as need-

ed,” and monetary policy should aim to keep infl ation approaching or stabilising around targets, the communique said.

Th e downbeat statement caps the week during which the IMF made a fi fth-straight cut to its 2019 glob-al growth forecast, projecting the weakest expansion since 2009. Th e fund’s chief economist, Gita Gopi-nath, earlier warned that “there is no room for policy mistakes and an urgent need for policy makers to cooperatively de-escalate trade and geopolitical tensions.” — Bloomberg

An IMFC plenary session last Friday. The outlook is highly uncertain and subject to elevated downside risks, including trade tensions, policy uncertainty and geopolitical risks, according to a communique issued on Saturday by the IMFC. Photo by Bloomberg

China’s central banker saysyuan level ‘appropriate’BY D AV I D L AW D E R its shareholding structure to recog-

nise the rising infl uence of China and other fast-growing economies.

Yi pushed back against the US Treasury’s Aug 5 designation of China as a currency manipulator after China’s yuan fell below the psychologically important level of seven to the dollar.

His statement said that the de-preciation in the yuan since the be-ginning of August has been driven by market forces, including volatil-ity prompted by escalating trade tensions. Yi added that there was “growing market acceptance for

two-way exchange rate fluctua-tions” in the yuan, also known as the renminbi or RMB.

“Judging both from economic fundamentals and from market supply and demand, the yuan ex-change rate is at an appropriate level,” Yi said.

In a dig at the Trump admin-istration’s “America First” trade stance, Yi said: “the wave of pop-ulism and protectionism in some countries has undermined mutual trust, reducing their willingness to cooperate on a multilateral basis.” — Reuters

BY L E I K A K I H A R A

& K I E R A N M U R R AY

BY J I L L WA R D

1 8 W O R L D MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Hong Kong police, protesters clashShops are trashed with Chinese banks, metro stations targeted

Turkey says Kurdish militia killed soldier in Syria despite ceasefi re

BY A N N E M A R I E R O A N T R E E

& M A R I U S Z A H A R I A

HONG KONG: Hong Kong police and protesters exchanged tear gas and petrol bombs as an illegal an-ti-government march that attract-ed tens of thousands descended into chaos, with hundreds of shops trashed and Chinese banks and metro stations targeted.

After two weeks of relative calm, the major rally showed that the pro-democracy campaign had not lost support and that hardcore pro-testers will continue to clash with police.

Protesters dressed in black erect-ed fi ery barriers on Nathan Road, a major retail strip in the Kowloon district, as scores of riot police,

JAKARTA: Indonesian President Joko Widodo (pic), popularly known as Jokowi, was sworn in yesterday for a second fi ve-year term as president, leading the world’s third-biggest democracy after a fi rst term marked by heavy infrastructure spending.

In his second and fi nal term, Jokowi, a former furniture sales-man from outside the military and political elite, has pledged to attract more investment into Southeast Asia’s biggest econo-my and focus on improving the country’s human resources.

He was sworn in in parliament under tight security, with more than 30,000 security personnel

shields in front, marched towards them, while others fi red tear gas.

Protesters earlier threw petrol bombs at the nearby Tsim Sha Tsui police station after police inside fi red volleys of tear gas to disperse protesters on the street.

A police water cannon truck sprayed jets of blue dye into the crowd at the police station, send-ing hundreds fleeing. Police have used the blue dye to identify pro-testers.

Dozens of riot police vans then descended on Nathan Road, along with water cannon trucks. It was the heaviest use of water cannons by police.

Police used trucks to smash through protest barriers.

Along the march route, protest-

ers trashed metro stations and hun-dreds of shops, throwing goods onto the streets. Several Chinese banks were targeted.

Protesters have targeted Chi-nese banks and shops with links to mainland China, leaving main-land Chinese living in Hong Kong worried about their safety.

Police had declared yesterday’s march illegal due to concerns over public safety. Protesters, ranging from young students to the elderly, many carrying umbrellas to shield their faces from street surveillance cameras, face arrest.

Protesters believe the police re-fusal to issue a permit for yester-day’s march was an attempt to limit their numbers, as some would fear being arrested. — Reuters

ANKARA: One Turkish soldier was killed and another was wounded yesterday after an attack by the Syr-ian Kurdish YPG militia in north-east Syria’s Tel Abyad, the defence ministry said, despite a deal to pause military operations as mil-itants withdraw from the area.

President Tayyip Erdogan agreed last Th ursday in talks with US Vice President Mike Pence a fi ve-day pause in the off ensive to allow time for the Kurdish fi ghters to withdraw from a “safe zone” Turkey aims to form in north-east Syria near its border.

On Saturday, the truce was holding along the border, with just a few Turkish military vehi-cles crossing, a Reuters reporter

BY T U VA N G U M R U KC U

BY A I S L I N N L A I N G

& G A B R I E L A D O N O S O

BY TA B I TA D I E L A , AG U S T I N U S B EO

DA CO S TA & G AYAT R I S U ROYO

at the scene said. But yesterday’s attack has underlined how fragile the agreement is.

Ankara regards the YPG, the main component of the Kurd-ish-led Syrian Democratic Forc-es, as a terrorist group because of its links to Kurdish insurgents in south-east Turkey. Th e YPG has been a close US ally in the fi ght against Islamic State.

In a statement, the defence min-istry said an attack by the YPG with anti-tank and light weapons had struck Turkish soldiers carrying out a reconnaissance and surveillance mission in Tel Abyad yesterday.

Last Friday, the Kurdish militia accused Turkey of violating the fi ve-day pause by shelling civilian areas in the north-east and the bor-der town of Ras al Ain. — Reuters

An anti-government demonstrator holding a tear gas canister during a protest march in Hong Kong, China yesterday. Police declared yesterday’s march illegal due to concerns over public safety. Photo by Reuters

Indonesia’s Joko Widodo sworn in for second term as president

BY J O S H H O R W I T Z

& Y I N G Z H I YA N G

WUZHEN (China): A “Cold War mentality” and “bully behaviour” are hindering mutual trust in cy-berspace, China’s propaganda chief said yesterday at the start of the World Internet Conference in the eastern Chinese town of Wuzhen.

Huang Kunming, the head of the publicity department of Chi-na’s ruling Communist Party, also said that under the pretext of na-tional security, some countries had launched cyberattacks on countries and enterprises.

Huang did not specify which countries he was referring to.

“Th e Cold War thinking and zero sum game have stopped and hindered exchanges in cy-berspace. Also, bully behaviour in cyberspace has had a negative

‘Cold war mentality hindering mutual trust in cyberspace’

Chile army declares curfew

SANTIAGO: Th e Chilean military declared a night-time curfew in the capital on Saturday and President Sebastian Pinera announced he would freeze an unpopular public transport policy, as the government struggled to tackle widespread un-rest in the streets over fare hikes.

Th e general in charge of security in Santiago under a state of emer-

gency imposed at the weekend an-nounced a curfew in the city and outlying areas between 10pm on Saturday and 7am yesterday.

As the curfew came into eff ect, crowds of thousands of people marched, gathered in public squares and came out of their homes to take part in traditional pot-banging pro-tests, witnesses said.

Fires continued to burn and loot-ers were seen in fl ashpoints around the city of six million people where

earlier police and military clashed with protesters. Th ere was also sig-nifi cant unrest in the port city of Valparaiso, seat of Chile’s Congress, where the government also declared military rule late on Saturday, and in the southern city of Concepcion.

Pinera, a centre-right business-man, announced he would reverse public transport fare increases which had caused widespread protests af-ter they were announced on Oct 6. — Reuters

deployed in Jakarta following re-cent student demonstrations and after the country’s security min-ister was stabbed by a suspect-ed Islamic militant this month. — Reuters

impact on mutual trust,” he said.“By using national security as

an excuse, some countries have attacked some countries and en-terprises. Th is has increased the uncertainty, opposition and neg-ativity in cyberspace.”

Th e state-run World Internet Conference, one of the country’s most prominent tech conferenc-es, takes place this year against a backdrop of rising US-China tensions that has especially over-shadowed the tech sector.

Washington has barred US fi rms from exporting to certain Chinese tech companies through trade blacklists and the two coun-tries have slapped tit-for-tat tariff s on each other in a intensifying trade war, which has also hit tech supply chains.

Th e annual conference is or-ganised by the Cyberspace Ad-ministration of China. — Reuters

REUTERS

W O R L D 1 9MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

UK PM sends unsigned letter to EU Johnson is requesting a delay to Britain’s exit from the bloc

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

& K Y L I E M A C L E L L A N

LONDON: Prime Minister Boris John-son sent an unsigned letter to the European Union (EU) requesting a delay to Britain’s exit from the bloc but added another note in which he explained that he did not want a “deeply corrosive” Brexit extension.

Johnson had previously said he would rather be “dead in a ditch” than ask for any extension to the Oct 31 deadline.

WASHINGTON: US President Don-ald Trump abandoned plans late on Saturday to host next year’s Group of Seven (G7) summit at his Flori-da golf resort, after Democrats and others had decried the selection as evidence of the president misusing his offi ce for personal gain.

In a series of tweets, Trump said he would drop the plan announced last Th ursday by White House act-ing chief of staff Mick Mulvaney to host the meeting at Trump National Doral golf resort near Miami from June 10 to June 12. Trump cited what he termed “crazed and irra-tional hostility” from Democrats and the news media in explain-ing the reversal. “We will begin the search for another site, including the possibility of Camp David, im-mediately,” he wrote.

But he was compelled, by a law passed last month by opponents, to send a letter to the bloc asking to push back the deadline to Jan 31 after lawmakers thwarted his attempt to pass his EU divorce deal on Saturday.

In an extraordinary step that indicates the extent of the Brex-it fever gripping the UK, John-son sent a total of three letters to Donald Tusk, the president of the European Council.

First, a brief cover note from

Britain’s EU envoy explaining that the government was simply com-plying with that law; second, an unsigned photocopy of the text that the law, known as the Benn Act, forced him to write; and a third letter in which Johnson said that he did not want an extension.

“I have made clear since be-coming prime minister and made clear to parliament again today, my view, and the government’s position, that a further extension would damage the interests of the

UK and our EU partners, and the relationship between us,” Johnson said in the third letter which was signed “Boris Johnson”.

Johnson, for whom delivering Brexit is key to his plan to hold an early election, said he was confi -dent that the process of getting the Brexit legislation through Britain’s parliament would be completed before Oct 31, according to the letter.

Tusk said he had received the request from Johnson. — Reuters

Trump abandons plan to host 2020 G7 meeting at his Florida golf resortBY D AV I D S H E PA R D S O N Th e Republican president fac-

es criticism and a number of con-gressional investigations over his fi nances and potential confl icts of interest stemming from his real es-tate business, which he still owns, and an impeachment inquiry into accusations that he pursued polit-ical interests in his dealings with Ukraine.

On Saturday, Trump sought in his unusual reversal to emphasise what he said were the resort’s pos-itive features for hosting a large gathering. “I thought I was doing something very good for our coun-try,” he wrote on Twitter.

The US constitution’s emolu-ments clause prohibits government offi cials from receiving salaries, fees or profi ts from foreign and domestic governments without congression-al approval.

Watchdog group Citizens for Re-

sponsibility and Ethics in Wash-ington said on Saturday the initial decision to award the event to a Trump property was “stunningly corrupt” but the “reversal shows that pressure works”.

“Th e president deserves no plau-dits for doing the right thing only after public outcry forced him not to do the wrong thing,” it said.

Democrats have said they would investigate Trump’s plan to host the G7 at his property after he fl oated the idea in August. Th e decision also sparked criticism from a number of Republicans.

In a statement last Thursday, house judiciary committee chair-man Jerrold Nadler called the an-nouncement “among the most bra-zen examples yet of the president’s corruption.” Nadler said the com-mittee would continue investigating “regarding these matters.” — Reuters

BARCELONA: The Spanish government dismissed calls on Saturday from Catalonia’s pro-independence regional chief for talks following a wave of violence sparked by the jail-ing of separatist leaders.

Protesters took to the streets of Barcelona for a sixth straight day, sitting defi antly in one city centre square in front of a row of police vans. “Out, out, out with the Spanish flag,” they chanted. “Th e streets will al-ways be ours.”

Th ree hours after the start of the evening rally there was no sign of the sort of violence that racked Barcelona last Friday when masked youths blocked roads with blazing garbage bins and hurled rocks at security forces.

Catalonia’s president, Quim Torra, said the unprecedented unrest did not refl ect the peace-ful nature of the Catalan inde-pendence movement and asked for discussions with Madrid.

“We urge the acting prime minister of the Spanish gov-ernment to sit at a negotiating table to talk,” he told reporters.

Prime Minister Pedro Sanchez said Torra must fi rst unequivocally condemn the tumult. — Reuters

WASHINGTON: US House Speaker Nancy Pelosi and other senior members of Congress held talks in Jordan on Satur-day with King Abdullah II and other top Jordanian offi cials.

Pelosi said in a statement the visit was at “a critical time for the security and stability of the region ... With the deepen-ing crisis in Syria after Turkey’s incursion, our delegation has engaged in vital discussions about the impact to region-al stability, increased fl ow of refugees, and the dangerous opening that has been provided to ISIS, Iran and Russia.”

Th e US delegation included the heads of key House com-mittees including foreign af-fairs committee chairman El-iot Engel, homeland security committee chairman Bennie Th ompson, intelligence com-mittee chairman Adam Schiff and representative Mac Th orn-berry, the top Republican on the armed services committee. — Reuters

Spanish government dismisses call for Catalan talks

Pelosi holds talks in Jordan with King Abdullah

HAMILTON, Ontario: Canadian Prime Minister Justin Trudeau, facing the loss of his parlia-mentary majority in an election next week, traded attacks with his main rival on Saturday as a bad-tempered campaign entered its last few days.

Trudeau came to power in 2015 promising “sunny ways” and a new way of doing poli-tics but saw his popularity drop earlier this year amid an ethics scandal. Images of him in black-face emerged last month, further hurting his Liberal Party ahead of the Oct 21 election.

Th e 47-year-old prime minis-ter, his voice increasingly hoarse, said Conservative Party lead-er Andrew Scheer would slash spending and rip up Liberal plans to fi ght climate change.

Polls show the Liberals and the Conservatives in a dead heat, with neither able to capture a majority of the 338 seats in the House of Commons. Th at would leave the party winning the most seats seeking support of smaller parties to govern.

“I know Canadians want a strong progressive government that would stop Conservative cuts,” Trudeau told a rally in a fi re station in the Ontario city of Hamilton, west of Toronto.

In the absence of an overrid-ing narrative, dirty tactics and awkward moments have char-acterised the campaign.

Another example was seen on Saturday when People’s Party of Canada’s (PPC) Maxime Bernier said his party was considering legal action against the Conserv-atives after the Globe and Mail reported that the latter hired a consultant to “seek and destroy” the PPC party. — Reuters

Trudeau, rival trade attacks as campaign grinds to conclusionBY D AV I D L J U N G G R E N

BY I S L A B I N N I E

& M A R C O T R UJ I L L LO

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

A view of the Trump National Doral golf resort near Miami. Trump abandoned plans to host next year’s G7 summit at his Florida golf resort, after Democrats and others decried the selection as evidence of the president misusing his offi ce for personal gain.

2 0 H O M E B U S I N E S S MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

WEEK IN FOCUS

1 Karcher Malaysia head of sales (profes-sional) Ismail Abdullah (left) and gen-eral manager William Kiew (right) at the Cleaning Awards 2019, held in conjunc-tion with the Thank Your Cleaner Day event, in Selangor on Oct 16, presenting the awards to (from second left) Q-Servic-es Sdn Bhd’s Noruddin Idris (Influential Leader Award) as well as Harta Mainte-nance Sdn Bhd’s Faizal Rahim Moidunny (Best Practice Company Award), Mohd Madzrie Raja Omar (Best Cleaner Award) and Sahadan Fiee (Best Manager Award).

2 Mercedes-Benz Malaysia sales and mar-keting vice-president Michael Jopp with

the Mercedes-Benz AMG fleet featuring the new-generation Mercedes AMG GT R and GT C. He said in a statement on Oct 17 the new-generation models deliver an incomparable thrill that their drivers experience on the road and track.

3 (From left) Ni Hsin Resources Bhd chairman Sofiyan Yahya and executive director Rizvi Abdul Halim, Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yu-sof as well as Satumarin Sdn Bhd managing director Captain Mohd Zailani Abdul Razak and chairman Datuk Sahrudin Aminudin at the signing ceremony of an agreement in Kuala Lumpur on Oct 14 for Ni Hsin to

invest RM10 million in Satumarin.

4 (From left) Securities Commission Ma-laysia (SC) chief regulatory officer Foo Lei Mei and chairman Datuk Syed Zaid Albar, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail and SC deputy chief ex-ecutive officer Datuk Zainal Izlan Zainal Abidin officiating at the InvestSmart Fest 2019 in Kuala Lumpur on Oct 19.

5 (From left) Perusahaan Otomobil Na-sional Sdn Bhd (Proton) director of sales and marketing Cheng Seng Fook, Shir-ba Auto World Sdn Bhd director Datuk

Lassim Abdul Rahman, International Trade and Industry Minister Datuk Darell Leiking, Proton senior director of corpo-rate strategy Yusri Yusof and Shirba Auto World director Ridzuan Datuk Lassim at the ribbon-cutting ceremony of the new Proton 3S outlet in Kota Kinabalu, Sabah on Oct 20.

6 (From left) Petronas Chemicals Group Bhd (PetChem) managing director and chief executive officer Datuk Sazali Hamzah, ministry of youth and sports general youth skills development section deputy director Dr Azmi Ahmad, Housing and Local Gov-ernment Minister Zuraida Kamaruddin,

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GRAND DEBUT ... (From left) AME Elite Consortium Bhd alternate director Lim Pei Shi (to executive director Lim Yook Kim), non-executive directors Tan Lay Beng and Chang Tian Kwang as well as executive directors Lim Yook Kim and Kang Ah Chee, Bursa Malaysia Bhd chief executive offi cer Datuk Muhamad Umar Swift, and AME Elite group managing director Kelvin Lee Chai, chairperson Tengku Azrina Raja Abdul Aziz, executive director Simon Lee Sai Boon and non-executive director Wee Soon Chit at the listing ceremony of AME Elite on the Main Market of Bursa in Kuala Lumpur on Oct 14.

H O M E B U S I N E S S 2 1MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

Yayasan Petronas board of trustee mem-ber Datuk Seri Dr Zaini Ujang and Ketua Kampung Dusun Tua, Batu 16 Md Gadapi Ahamad Harmain at the launch ceremo-ny of PetChem’s Be Green programme in Hulu Langat, Selangor on Oct 19.

7 (From left) Moderator Freda Liu in a panel discussion among Further chief executive officer Frank Ahedo, Allianz Life Insurance Malaysia Bhd acting chief product officer Ooi Haw Yun and Beacon Hospital consultant medical oncologist Dr Azura Rozila Ahmad at the Reimagine Your Medical Choices forum by Allianz Malaysia Bhd in Kuala Lumpur on Oct 19.

8 (From left) Musiad Malaysia president Sabri Yardimci, Foreign Relations Com-mission chairman Murat Bayizit, Musiad Konya vice-president Serhat Yaya, Mu-siad Bursa president Nihat Alpay, Malay Traders and Entrepreneurs Association of Malaysia president Tan Sri Matshah Safuan, Ambassador of Republic of Tur-key to Malaysia Dr Merve Safa Kavakci, CIMB Group transaction banking chief executive officer Rafe Haneef, Turkish Exporters’ Assembly board member Ba-saran Bayrak, Turkish Embassy trade counsellor Elif Haliloglu Gungunes and Musiad Konya international relations commission chairman Omer Karakus

at the recent Malaysia-Turkey Business Forum, a maiden business-matching event between Turkey and Malaysian companies, hosted by CIMB Group, in Kuala Lumpur on Oct 17.

9 (From left) Northport (Malaysia) Bhd chief executive officer (CEO) Datuk Azman Shah Mohd Yusof, Port Klang Authority corpo-rate and development assistant general manager V Vijayaindiaran, Sabah Dep-uty Chief Minister and Trade and Indus-try Minister Datuk Seri Panglima Wilfred Madius Tangau, and POIC Sabah Sdn Bhd CEO Datuk Dr Pang Teck Wai at the sign-ing ceremony of a strategic collaboration

agreement in Port Klang, Selangor on Oct 18 to establish of a sister port relationship between Northport and POIC.

10 (From left) Digi Telecommunications Sdn Bhd head of digital products and

services Prashant Pathmanaban, chief marketing officer Loh Keh Jiat, head of apps and services Melissa Chai as well as head of digital and information technology Anwar Ishak announcing the availability of MyDigi Subscriptions by EasyAdd in Subang Jaya, Selangor on Oct 15, offering customers the convenience of subscribing to and managing multiple subscription services from a single platform.

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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

MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY L A K S H M I S E K H A R

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

IT’S the last week for Marvel fans to enjoy the the Marvel Cinematic Universe exhibi-tion, transporting guests into a multisensory comic world. The Marvel Studios: Ten Years of Heroes exhibition is making its debut in Malaysia with 10 immersive galleries that chronologically take you through the ad-ventures of the Marvel superheroes. With vignettes of all these iconic characters, from Iron Man to the epic Avengers: Endgame, the exhibit covers all the bases. Running until Sunday, tickets for adults are RM58 (or RM48 for Malaysians) and for children RM38 (or RM28 for Malaysians). The venue is Pavilion Kuala Lumpur, 168, Bukit Bintang Street, Bukit Bintang, Kuala Lumpur. For more informa-tion, visit marvelexhibition.my.

FROM today to Thursday check out One Way to See Tai-wan 2019, a pres-entation of six Tai-wanese fi lms for free to give the public an insight into the country’s rich cul-ture by Damansara Performing Arts Centre (DPAC) and supported by the Taipei Economic and Cultural Offi ce in Malaysia, INXO Arts and Culture Foundation Films: Taiwan Film Institute x Taiwan Cinema Toolkits. The fi lms, shown with English subtitles, include It Takes Two to Tango today, Together tomorrow, Let the Wind Carry Me on Wednesday, and on Thursday there are three fi lms: Towards the Sun, Sleeping with Her and Babes Not Alone. All fi lms will be shown at 8pm. Go to DPAC, H-01, DPAC, Empire Damansara, Jalan PJU 8/8, Damansara Perdana, Petaling Jaya. For more information, visit dpac.com.my.

AS part of Art in the City 2019, organ-ised by Cendana and Kuala Lumpur City Hall, there will be a public art forum and workshop to open up the discussion on the role of arts and cul-ture in public spac-es. This forum will explore the best ways to share practices and experiences locally and international-ly. The moderators of yesterday’s discussion were Nani Kahar, Dr Rosli Zakaria, Tetawowe Atelier, Aisyah Baharuddin, Liim Soo Ngee, Ahmad Khairudin, Snow Ng and moderator Pang Khee Teik. Do not miss the public art workshop today and tomorrow from 10am to 6pm, held at Ruang by Think City. To regis-ter, email emilychowwengi@gmail.com, or for more information, visit cendana.com.my.

Visiting Melbourne soon? Unbeknownst to many, the place to head to if you are craving a taste of Paris — and France itself is a little too far — should look no

further than the Victorian capital to in-dulge in the traditional croissant. Here is a list of some fabulous places to get crusty, buttery croissant — the ideal indulgent snack, any time of day. The eastern end of tree lined Collins Street has been known colloquially as the ‘Par-is End’ with its heritage buildings and high-end boutiques but Melbourne’s best buttery flaky baked goods can be found beyond the inner-city precinct.

Lune Croissanteriewww.lunecroissanterie.com Th is café puts Melbourne on the global map for the French delicacy after the New York Times named the croissants the best in the world. Lune founder and former aerospace engineer Kate Reid has used her background to create world-renowned pastries in the climate-controlled glass cube at the Lune Lab’s brick warehouse in Fitzroy.

Don’t be surprised to see locals and visitors queuing around the block to get their hands on a range of croissants, in-cluding the traditional, Pain au Chocolat, cruffi ns (croissant muffi n) and twice baked croissants. Visitors to the city can now fi nd the croissants in the central business dis-

Here are some of the

best places in Melbourne

to grab a croissant

trict after the bakery opened an abridged standing room only version with a short-er menu across the road from the Grand Hyatt on Russell Street.

Agathe Patisseriewww.shop.agathe.com.au Reinforcing Melbourne’s mantle as the world’s best croissant destination is South Melbourne Market’s Agathé Pâtisserie. Th e Paris-inspired bakery, where the freshest French pastries are baked before visi-tor’s eyes at the open kitchen, produce a range of authentic French pastries, cakes and savouries. Along with the traditional plump buttery croissant, the innovative bakery produces an assortment of rotat-ing fl avours, including matcha, pandan, cafe au lait, macadamia and milk choc-olate, raspberry and gingerbread. Th e neighbourhood bakery has since opened a hole in the wall shop at the elegant and ornate Royal Arcade.

Tivoli Road Bakerywww.tivoliroad.com.au Formerly known as MoVida Bakery when it was opened by popular Melbourne restauranteur Frank Camorra, the South Yarra bakery reopened as Tivoli Road Bak-ery when it was taken over by head baker Michael James. Th e small artisan bakery using local produce and long fermen-tation specialise in viennoiserie, which includes croissant, pain au chocolat, es-cargot, almond croissant, fruit Danish and macadamia and wattleseed praline. From Friday to Sunday visitors can also get

their delicious morning buns — croissant pastry baked in a tin, dusted in cinnamon and orange sugar, and fi lled with custard.

Gontran Cherrierwww.gontrancherrier.com.auAfter opening 27 bakeries around the world, fourth generation Normandy-born baker Gontran Cherrier opened his fi rst Australian boulangerie on Collingwood’s Smith Street as it reminded him of Paris neighbour-hood Montmartre. Th e handcrafted artisan bakery uses rich French bakery traditions and ingredients, including importing his favourite fl our and Lescure butter from France, to create the thick, rich croissants. Since opening in Collingwood in 2016, the award-winning boulangerie has expand-ed to three venues with shops opening on Richmond and Hawthorn.

Weirdoughswww.weirdoughs.com.au Vegans can join in the Bastille Day cele-brations with croissants from Melbourne’s plant-based bakery. Weirdoughs com-bines old school baking techniques with modern sustainability that uses 100 per-cent plant-based ingredients to create a range of croissants including traditional, almond, chocolate and a strange shaped cube pastry.

Specially crafted vegan butter, pro-duced with macadamia, cashew and coconut oil butter, provides the basis for the baked goods and has been designed to recreate the delectable buttery good-ness of traditional pastries.

AUSTRALIAN PASTRYVILLE

Lune Croissanterie.Agathe Patisserie.

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

MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

WATCHES BY A N T H O N Y D E M A R C O

Square watches are taking wrists by storm

SHORTLY after the French-Brazilian aero-naut Alberto Santos-Dumont became the fi rst European to achieve sustained fl ight in 1906, he complained to his friend Louis Cartier that he did not want to be fumbling for his pocket watch to measure time in the air. In response, the legendary jeweller invented a small clock to be worn on a leather strap, one of the earliest wristwatches for men.

It was square.Such pilot watches became popular in

the early 20th century, but eventually they took on a round shape — like the dials and gauges in a plane’s cockpit. Th e technolo-gy that makes clocks and pocket watches work had traditionally been round: Th e interlocking gears and springs in a watch movement are round by nature, and the rotating hands are best read against the index arranged in a circle.

“About 80% of watches sold are round, so clearly the market prefers the round shape,” says Paul Boutros, a watch histo-rian and international strategy adviser for Phillips auction house. Pocket watches were so vital to navigation at the turn of the century, he says, watchmakers focused on developing technology to keep them precise through changes in temperature and humidity. Th ey even accounted for body perspiration.

Again, a round shape was the better solution. “It was much easier to make a watch water-resistant in a round case than in a square or rectangular case,” Boutros adds, because the case could easily screw tight to seal itself. “Material science has improved, but the industry still relies on the round shape.”

Certain watches remained square over the decades: Cartier’s Tank and Panthere collections, the Jaeger-LeCoultre Reverso, the Baume & Mercier Hampton, and sev-eral Bell & Ross timepieces.

Last year, Cartier revamped its Santos collection, named after the aviation pioneer, with a signature square case with rounded edges and visible screws (eight around the bezel, plus more in the bracelet). Th e idea was to capitalise on interest in heritage with modestly sized, angular timepieces that wear well with suits and dresses.

Hermès, like Cartier, is betting that

Nomos Glashütte Tetra Neomatik 39 SilvercutGerman brand Nomos Glashutte is known for its minimalistic designs, and its high-quality, handmade movements are among the most affordable in the industry. This watch is powered by an ultra-thin au-tomatic movement — at only 7.2mm. Its silver-gray rhodi-um-plated dial is topped with blued-steel minute and hour hands — but most noticeable is a small seconds subdial at 6 o’clock, finished with a red hand. US$3,980 (RM16,676).

Hermès Cape CodTo create the square-within-a-rectangle shape in 1991, Hermès’ legendary artistic director Henri d’Origny took inspiration from Hermès’s anchor chain motif. Th is year there are two new versions. Th e fi rst features a dial coated with translucent lac-quer and a Milanese mesh double-tour bracelet (pictured). Th e second one uses the anchor motif in the dial, in a black-gold or blue-lacquer fi nish. US$3,275 (RM13,722).

Tag Heuer Monaco Calibre 11 ChronographAfter its debut in 1969, the Monaco went on to become one of the most recognisa-ble watches in the world. Steve McQueen wore one in 1971 in the fi lm Le Mans, as did Bryan Cranston, more recently, in Breaking Bad. Tag Heuer has reissued a 39mm watch with many of the same design details — metallic blue dial, white highlights, and red minute hand — but it has a new Calibre 11 automatic chrono-graph movement with a 40-hour power reserve. US$5,900 (RM24,721).

Ralph Lauren 867 CollectionNamed after the company’s luxury fl agship store at 867 Madison Ave in New York, this watch comes with an off -white lacquered dial with Arabic and Roman numerals. It is powered by Swiss-made mechanics. Th e men’s model comes in 18-carat rose gold or 18k white gold (pictured); a women’s version is available with a diamond-set bezel. US$4,950 (RM20,740).

customers want square watches, which off er lines that parallel the edges of the wrist and the cuff of a shirt. Th is year at the Salon International de la Horlogerie in Geneva, Hermès showcased its Carré H line, a chunky, simple timepiece that almost evokes the rounded-rectangular Apple Watch. Th e brand is also off ering fresh colours and metallics in its Cape Cod collection, also squared-off .

Philippe Delhotal, artistic director of Her-mès Horloger, acknowledges that the square watch is not broadly popular. But the ge-ometry appeals to those who value design.

“The square—even though strongly featured in other Hermès métiers, such as silk scarves—is not very widely used in watchmaking,” Delhotal says. “Watch-es of this shape are less conventional for customers looking for singular objects. To compose these forms, you have to look for harmony and purity and perfection in de-tails.” — Bloomberg

PHOTOS BY BLOOMBERG

Hermès, like Cartier, is betting that customers want square watches, which off er lines that parallel the edges of the wrist and the cuff of a shirt.

2 4 S P O RT S MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

Th omas claims second CJ Cup in three years

BY A M L A N C H A K R A B O RT Y

I N BR I E F

SEOUL: Inaugural cham-pion Justin Th omas (pic) staved off a challenge by Danny Lee to claim his second CJ Cup title in three years with a two-

shot victory over the Kore-an-born New Zealander at Nine Bridges yesterday.

The overnight lead-ers were level for the fi rst 13 holes before Thomas surged ahead with a bird-ie on the 14th, while Lee bogeyed the 15th and 16th to eff ectively drop out of contention.

Thomas eventually signed off with a five-un-

der 67 for a winning total of 20-under 268, while Lee carded 69 to finish in second

place to the American.“It was a very, very tough day,”

Thomas said after his 11th PGA Tour victory.

“Danny made it extremely difficult. He really made a lot of putts, a lot of unbelievable up and downs to kind of keep me from getting all the momentum. I really, really played solidly today (yesterday).”

“My dad turned 60 last week, so maybe it’s a little 60th birthday gift to him.”

It has been a diffi cult week for Lee whose second child, originally due closer to Christmas, was born prematurely this month and is in an incubator.

“Before I teed off my very first tee shot [last] Thursday, if some-one [was] going to give me solo second, I would take it in a heart-beat. It is a good week, but also

very disappointing,” he said.“I really wanted to win the CJ

CUP. It means a lot to me to win it in front of the Korean fans and all my Korean family, but it is what it is. I gave my best out there today (yesterday) and solo second was the best I could do.”

Hideki Matsuyama (65), Gary Woodland (66), and Cameron Smith (69) shared third place at 15-under.

A further three shots behind was Jordan Spieth, who returned 71, while fellow American Phil Mick-elson fi nished with 68 to be joined by Australian Jason Day (71) at sev-en-under.

PGA Tour’s three-event Asian swing now moves to Japan where Tiger Woods will compete in the Zozo Championship before Shang-hai hosts the World Golf Champi-onships from Oct 31. — Reuters

BY N E I L R O B I N S O N

LONDON: Quickfire goals from Gabriel Jesus and David Silva set up a comfortable 2-0 win for Man-chester City over Crystal Palace at the Selhurst Park as the Pre-mier League champions closed the gap on leaders Liverpool to five points.

With Juergen Klopp’s side not playing on Saturday, Pep Guardi-ola sought to keep up the pressure by making four changes after two City defeats in four league games.

Two of the newcomers, Ber-nardo Silva and Jesus, combined beautifully for the fi rst which the Brazilian headed in off the post from close range on 39 minutes — his 50th goal for the club.

Man City’s punchy one-two sees off Crystal Palace

City doubled their lead within 30 seconds of the restart when David Silva got on the end of a delightfully dinked pass from Raheem Sterling.

After the break, Palace keeper Wayne Hennessey excelled to keep out both Jesus and Bernardo Silva as Sterling continued to fi nd space and City, with Kevin De Bruyne out-standing, looked capable of scoring with every move.

At the other end, City stopper Ederson was at full stretch to tip Christian Benteke’s header onto the crossbar.

“Hopefully, we can start from here and continue our good per-formance,” Guardiola said. “Th eir keeper made a lot of saves but hopefully we can be more clini-cal.” — Reuters

BY A L A S D A I R M A C K E N Z I E

TURIN: Cristiano Ronaldo opened the scoring as Juventus beat visiting Bologna 2-1 on Sat-urday to move four points clear at the top of the Serie A table.

Ronaldo struck from close range after 19 minutes, but Dani-lo levelled for the visitors soon afterwards.

Miralem Pjanic profi ted on a defensive mix-up to net Juve’s win-ner after the break and Bologna were denied an equaliser by the crossbar and a superb Gianluigi Buff on save in stoppage time.

The result stretched Juve’s winning run to five matches in all competitions and contin-ued Maurizio Sarri’s unbeaten

Ronaldo hits 701th career goalas Juventus extend Serie A lead

start as their coach.“I told the players that we must

not try to control a game, sit on a lead or be comfortable, because otherwise we leave ourselves in these risky situations at the very end,” Sarri told DAZN.

“It was a good game, but blight-ed by three or four horrible errors that we have to work on,” he said.

“I need to ensure the players re-alise we keep the ball for a reason, so possession is never kept just for the sake of it. We go into mainte-nance mode and that is never good.”

Ronaldo reached the landmark of 700 career goals while on interna-tional duty with Portugal last Mon-day and made it 701 at the Allianz Stadium as he beat his marker and fi red in at the near post. — Reuters

Th e inaugural champion staves off challenge from Lee with a two-shot victory

Marquez wins in Japanas Honda secure 25thconstructors’ titleLONDON: MotoGP world champion Marc Marquez won the Japanese Grand Prix with a pole-to-fl ag ride yesterday as Honda secured the construc-tors’ title at their home Motegi circuit. Th e 26-year-old Span-iard already made sure of his sixth MotoGP championship, and fourth in a row, a race ear-lier in Th ailand on Oct 6. Th e constructors’ title was Honda’s 25th, coming as the company celebrates 60 years in motor-cycle racing. “It was not easy,” said Marquez after his fourth win in a row and 10th of the season. “I was pushing from the beginning ... with the fuel and everything I was on the limit.” — Reuters

Lenglet: Authorities right to postpone ‘Clasico’EIBAR: Barcelona defender Clement Lenglet has backed the decision to postpone the “Clasico” between Barcelona and Real Madrid due to polit-ical unrest in Catalonia. Th e Royal Spanish Football Fed-eration last Friday approved a request from La Liga to re-schedule the Oct 26 match at the Camp Nou due to contin-ued violent demonstrations in the city of Barcelona following the jailing of Catalan separa-tist leaders. “Th e problems in Barcelona mean it’s better to postpone the game but the de-cision is the federation’s and the league’s, the players have no say,” Lenglet told reporters. — Reuters

Colsaerts leads French Open by three shotsBENGALURU: Belgian Nicolas Colsaerts shot a superb four-under-par 67 in the French Open third round on Satur-day to take a three-shot lead into the final day at Le Golf National. Colsaerts, tied atop the leaderboard with South Africa’s George Coetzee over-night, moved to 13-under for the tournament after carding five birdies to inch closer to his third European Tour title and fi rst since 2012. “I’m on a bit on a mission. I have a lot to play for. It’s not like actual-ly winning this tournament is at the forefront of my mind. I still have to play shots,” the 36-year-old Colsaerts told re-porters. — Reuters

Watford coach Sanchez Flores losing faith in VARLONDON: Watford coach Quique Sanchez Flores said he is losing his faith in the Vid-eo Assistant Referee (VAR) as a force for good in the game after two decisive decisions went against his side in Sat-urday’s 1-1 draw at Totten-ham Hotspur, leaving them still without a win this season. “I was thinking the VAR [was] something objective but I’m starting to think it’s very sub-jective,” Sanchez Flores told a news conference. — Reuters

David Silva (right) scoring City’s second goal of the Premier League match against Palace at the Selhurst Park in London, Britain on Saturday. Photo by Reuters

Ronaldo (left) attempting to score with a header during the Serie A match between Juventus and Bologna at the Allianz Stadium in Turin, Italy on Saturday. Photo by Reuters

REUTERS

2 5

MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia Main Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia

FBM KLCI 1,571.15 -3.35 -0.21FBM ACE 4,783.24 -11.42 -0.24FBM TOP 100 11,004.80 -20.74 -0.19FBM EMAS 11,189.74 -20.03 -0.18FBM MID 70 14,121.77 -15.40 -0.11FBM MIDS CAP 14,703.60 25.06 0.17FBM SMALL CAP 13,465.49 2.87 0.02FBM FLEDGLING 14,304.18 -6.60 -0.05FTSE4GOOD BURSA M’SIA 877.32 -1.25 -0.14FBM PALM OIL PLANTATION MYR 11,786.63 21.22 0.18FBM EMAS SHARIAH 11,801.23 -39.40 -0.33FBM HIJRAH SHARIAH 13,044.22 -61.61 -0.47FBM MIDS CAP SHARIAH 13,903.47 15.02 0.11

INDICES CLOSE +/- %CHGCONSTRUCTION 205.55 -2.20 -1.06CONSUMER PRODUCTS & SERVICES 647.26 -2.11 -0.32ENERGY 1,175.51 -7.46 -0.63FINANCIAL SERVICES 15,274.63 53.12 0.35HEALTH CARE 1,251.16 4.25 0.34INDUSTRIAL PRODUCTS & SERVICES 152.56 0.18 0.12PLANTATION 6,624.73 -95.42 -1.42PROPERTY 762.20 -7.38 -0.96REAL ESTATE INVESTMENT TRUSTS 981.61 2.36 0.24TECHNOLOGY 37.39 0.43 1.16TELECOMMUNICATION & MEDIA 695.22 0.71 0.10TRANSPORTATION & LOGISTICS 779.90 -0.50 -0.06UTILITIES 981.59 -5.01 -0.51

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 0.985 0.700 0.805 0.795 0012 3A 0.795 -0.005 35 0.799 10.98 2.52 391.1 0.315 0.150 0.165 0.160 5238 AAX 0.160 -0.005 3877.8 0.163 — — 663.7 0.470 0.335 0.395 0.390 7120 ACOSTEC 0.395 -0.005 334 0.394 — — 76.8 1.881 1.345 1.630 1.580 6599 AEON 1.610 0.040 1749 1.611 18.92 2.48 2,260.4 0.185 0.115 0.125 0.125 7315 AHB 0.125 UNCH 44.2 0.125 14.53 — 22.0 2.404 1.950 2.220 2.210 7090 AHEALTH 2.210 UNCH 34.6 2.211 18.42 1.56 1,042.5 2.157 1.309 1.910 1.870 5099 AIRASIA 1.910 0.020 7440.3 1.899 11.11 12.57 6,383.2 20.431 15.660 15.740 15.680 2658 AJI 15.700 -0.020 14.9 15.710 16.14 2.99 954.5 6.765 5.391 5.690 5.620 6351 AMWAY 5.620 -0.200 101.7 5.639 13.55 3.56 923.8 0.030 0.005 — — 5194 APFT 0.010 — — — 0.72 — 13.4 4.050 3.550 3.880 3.880 6432 APOLLO 3.880 -0.010 0.5 3.880 18.86 5.15 310.4 0.160 0.105 0.130 0.125 1481 ASB 0.130 UNCH 417.1 0.130 — 1.92 120.8 0.570 0.325 — — 7722 ASIABRN 0.520 — — — 11.06 — 121.0 2.552 2.250 — — 7129 ASIAFLE 2.380 — — — 9.36 5.88 463.5 4.740 3.871 — — 7048 ATLAN 4.180 — — — 34.60 4.78 1,060.3 0.325 0.115 0.160 0.130 8885 AVI 0.155 0.025 3543 0.150 — — 146.4 0.170 0.160 — — 03012 BABA 0.170 — — — 3.92 — 38.2 37.306 17.220 20.000 19.280 4162 BAT 19.820 0.120 901.5 19.786 13.25 7.21 5,659.2 2.730 1.629 2.270 2.200 5248 BAUTO 2.230 -0.020 4935.3 2.228 9.92 6.73 2,594.3 1.799 1.264 1.480 1.430 5196 BJFOOD 1.480 0.020 316.9 1.473 23.91 2.70 565.6 0.305 0.150 0.200 0.195 4219 BJLAND 0.195 -0.005 850.5 0.195 7.65 — 975.1 2.780 1.908 2.600 2.520 1562 BJTOTO 2.550 UNCH 2383.8 2.548 19.39 6.27 3,445.1 0.353 0.201 0.240 0.240 9288 BONIA 0.240 -0.005 50.7 0.240 10.39 2.08 193.5 0.280 0.055 0.190 0.175 9474 BRAHIMS 0.175 -0.010 2635.4 0.181 — — 41.3 0.764 0.400 0.480 0.450 7174 CAB 0.465 -0.005 703.3 0.464 23.60 1.08 306.6 0.595 0.320 0.460 0.440 7154 CAELY 0.445 -0.010 226 0.450 70.63 1.12 73.0 0.295 0.200 — — 7128 CAMRES 0.235 — — — 18.22 — 46.2 2.300 1.530 2.300 2.220 5245 CARING 2.300 0.080 119.8 2.295 24.13 2.61 500.7 27.616 16.602 27.000 26.000 2836 CARLSBG 26.000 -0.960 167.4 26.364 27.87 3.56 7,949.4 1.990 1.230 1.380 1.290 2925 CCB 1.360 0.020 12.2 1.365 — — 137.0 0.798 0.355 0.530 0.510 7035 CCK 0.515 -0.005 2262.5 0.520 13.81 2.43 324.8 0.380 0.270 0.300 0.300 7209 CHEETAH 0.300 0.015 5 0.300 93.75 1.33 38.3 1.850 1.210 1.440 1.420 2828 CIHLDG 1.420 -0.040 13 1.427 12.07 5.63 230.0 0.095 0.055 0.060 0.060 5104 CNI 0.060 -0.005 122.9 0.060 — 5.00 43.2 0.065 0.025 0.045 0.040 5188 CNOUHUA 0.045 0.005 6332.4 0.041 — — 30.1 2.140 1.800 2.020 1.960 7205 COCOLND 2.010 0.010 16.4 1.996 13.67 2.99 459.9 0.085 0.005 — — 03016 CRG 0.060 — — — 11.11 — 48.3 1.172 0.981 1.010 1.010 7202 CSCENIC 1.010 0.010 1.1 1.010 15.63 6.93 121.7 0.540 0.400 0.425 0.405 9423 CWG 0.425 0.020 9 0.416 10.34 3.53 53.7 0.035 0.025 — — 7179 DBE 0.030 — — — — — 80.3 1.060 0.760 1.060 1.050 7119 DEGEM 1.050 -0.010 4.3 1.051 34.43 0.95 140.7 3.131 2.062 2.520 2.470 5908 DKSH 2.470 -0.050 45.9 2.497 12.66 4.05 389.4 64.500 56.200 — — 3026 DLADY 58.000 — — — 32.09 1.72 3,712.0 1.469 0.892 1.380 1.360 7148 DPHARMA 1.370 0.010 150.7 1.363 16.53 3.65 931.7 2.962 1.580 2.390 2.340 1619 DRBHCOM 2.360 UNCH 2144.1 2.367 19.36 1.27 4,562.4 0.150 0.075 0.085 0.085 2097 EASTLND 0.085 -0.005 20 0.085 — — 25.1 0.652 0.512 — — 5081 EIG 0.560 — — — 14.43 5.36 132.8 0.070 0.035 0.050 0.050 7182 EKA 0.050 0.005 40 0.050 — — 15.6 0.205 0.150 0.165 0.155 9091 EMICO 0.160 0.010 440 0.161 13.68 — 16.9 0.130 0.090 — — 03025 ENEST 0.130 — — — 18.84 — 60.5 1.120 0.797 — — 7149 ENGKAH 1.030 — — — 9.41 5.83 72.9 0.195 0.155 — — 03021 ETH 0.190 — — — — — 46.7 0.200 0.080 0.095 0.095 7208 EURO 0.095 -0.005 14 0.095 — — 25.4 0.660 0.320 — — 7094 EUROSP 0.390 — — — — — 17.3 36.651 28.688 35.200 34.800 3689 F&N 35.200 0.200 196.1 35.067 30.50 1.63 12,910.6 0.959 0.610 0.610 0.610 2755 FCW 0.610 UNCH 0.7 0.610 42.96 16.39 152.5 0.520 0.428 0.500 0.500 6939 FIAMMA 0.500 -0.020 39.5 0.500 7.35 4.50 255.0 0.523 0.277 0.360 0.350 8605 FIHB 0.360 UNCH 51.5 0.357 4.68 — 39.2 1.955 1.322 1.600 1.570 9172 FPI 1.580 UNCH 367.5 1.581 9.85 6.33 390.8 3.640 0.680 3.590 3.530 7184 G3 3.560 0.060 1066.7 3.562 — — 1,478.2 4.960 1.998 4.960 4.800 5102 GCB 4.920 0.140 1398.4 4.911 10.59 0.61 2,480.5 0.500 0.400 0.480 0.480 5592 GCE 0.480 -0.010 8 0.480 — 4.17 94.6 4.501 2.604 3.070 3.040 4715 GENM 3.050 -0.010 4124.4 3.053 — 3.61 18,111.0 7.634 5.590 5.770 5.680 3182 GENTING 5.700 -0.070 4233.8 5.710 14.25 2.19 22,098.3 0.415 0.100 0.200 0.165 5079 GETS 0.185 0.015 6242.2 0.188 — — 23.3 0.165 0.105 0.120 0.115 0136 GREENYB 0.120 UNCH 50.7 0.115 8.39 — 40.0 3.554 2.110 2.390 2.360 7668 HAIO 2.360 -0.020 107.1 2.369 15.40 5.51 708.7 3.780 3.227 3.630 3.620 5008 HARISON 3.620 UNCH 5 3.621 10.60 5.52 247.9 0.155 0.055 0.105 0.090 5187 HBGLOB 0.090 -0.010 7740.6 0.094 2.71 — 42.1 25.500 16.724 25.500 25.100 3255 HEIM 25.460 0.220 48 25.399 25.86 3.77 7,691.4 11.600 8.153 10.560 10.400 3301 HLIND 10.560 -0.020 13.8 10.503 10.13 3.79 3,462.7 0.727 0.545 0.700 0.650 5160 HOMERIZ 0.690 0.040 1643.2 0.686 8.65 5.07 207.0 1.025 0.871 0.905 0.900 5024 HUPSENG 0.900 -0.005 237.7 0.903 17.11 6.67 720.0 0.355 0.235 — — 8478 HWATAI 0.260 — — — — — 19.5 0.490 0.275 0.340 0.325 9113 ICONIC 0.335 UNCH 1992.4 0.333 — — 108.4 0.080 0.020 0.025 0.020 7243 IMPIANA 0.025 UNCH 37595 0.025 — — 139.9 1.490 0.770 — — 5107 IQGROUP 0.810 — — — — — 71.3 0.070 0.030 0.065 0.055 7223 JADI 0.065 0.005 7589.5 0.060 13.00 — 67.3 1.140 0.770 1.090 1.060 7152 JAYCORP 1.070 -0.020 75.5 1.070 7.29 5.14 146.9 0.420 0.310 0.320 0.320 8931 JERASIA 0.320 UNCH 0.2 0.320 11.59 3.13 26.3 1.555 0.788 1.310 1.290 7167 JOHOTIN 1.310 -0.010 351.4 1.299 8.84 4.96 406.7 0.380 0.260 — — 8672 KAMDAR 0.275 — — — — — 54.4 0.708 0.375 0.460 0.445 5247 KAREX 0.445 -0.015 2311.7 0.449 171.15 2.25 446.1 2.064 1.180 1.280 1.270 7216 KAWAN 1.280 0.010 78 1.277 27.06 1.95 460.2 0.225 0.080 0.135 0.135 8303 KFM 0.135 -0.010 67.2 0.135 — — 9.2 0.656 0.165 0.260 0.245 6203 KHEESAN 0.255 0.005 1406.7 0.253 9.11 3.92 29.2 1.760 1.400 — — 7062 KHIND 1.540 — — — 32.63 — 61.7 1.940 1.605 1.900 1.900 0002 KOTRA 1.900 UNCH 2 1.900 11.79 3.89 273.8 1.000 0.295 0.995 0.995 7130 KPOWER 0.995 UNCH 47.5 0.995 473.81 — 75.8 0.120 0.055 0.105 0.100 5172 KSTAR 0.105 0.005 1832 0.105 — — 44.7 0.195 0.050 0.095 0.085 4847 KTB 0.085 UNCH 3784.3 0.088 — — 34.2 0.630 0.410 0.480 0.470 1643 LANDMRK 0.480 UNCH 17.5 0.471 — — 253.9 4.065 2.700 2.860 2.840 7006 LATITUD 2.850 UNCH 10.7 2.847 14.34 2.11 277.0 0.530 0.325 0.485 0.460 9385 LAYHONG 0.480 0.005 16755.8 0.473 36.64 1.04 316.9 1.051 0.575 0.605 0.595 8079 LEESK 0.600 0.005 706.4 0.600 9.84 4.17 100.7 1.161 0.702 0.985 0.970 6633 LHI 0.975 -0.005 2923.8 0.979 19.58 — 3,558.8 3.190 2.438 3.130 3.110 7089 LIIHEN 3.130 0.010 14.3 3.122 7.87 4.95 563.4 0.630 0.090 0.100 0.095 7126 LONBISC 0.095 UNCH 2600.7 0.095 30.65 — 27.6 1.378 0.768 — — 7085 LTKM 1.250 — — — 6.96 1.60 162.6 2.740 1.389 2.540 2.470 7087 MAGNI 2.500 0.020 512.9 2.507 9.76 3.45 1,084.9 2.880 1.659 2.870 2.760 3859 MAGNUM 2.760 -0.110 2853.7 2.766 28.72 6.16 3,968.2 0.135 0.110 0.110 0.110 3514 MARCO 0.110 -0.005 80 0.110 8.33 2.73 116.0 1.320 0.748 — — 5886 MBG 1.310 — — — — 1.15 79.6 4.470 1.774 4.120 4.100 5983 MBMR 4.100 -0.010 380.4 4.103 6.94 3.66 1,602.6 0.520 0.185 0.505 0.480 7234 MESB 0.505 0.010 348.8 0.498 9.58 — 41.4 0.235 0.177 — — 03015 MFGROUP 0.235 — — — 391.67 — 75.2 0.877 0.435 0.670 0.655 3662 MFLOUR 0.655 -0.010 1971.6 0.658 15.09 3.36 657.3 0.820 0.600 0.800 0.800 7935 MILUX 0.800 UNCH 5 0.800 — — 43.5 0.120 0.035 0.075 0.070 5166 MINDA 0.070 -0.010 462 0.074 — — 86.8 3.420 0.950 1.010 0.990 5202 MSM 0.990 -0.010 463.7 0.996 54.40 — 696.0 0.025 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 200.2 0.010 — — 6.1 0.255 0.145 0.210 0.200 3891 MUIIND 0.210 0.005 1891.5 0.205 — — 615.8 2.650 1.620 2.030 1.950 3905 MULPHA 2.030 -0.020 168.9 1.986 — — 648.8 1.519 1.311 1.330 1.330 5275 MYNEWS 1.330 UNCH 36.3 1.330 30.50 1.13 907.3 148.98 140.07 144.50 143.90 4707 NESTLE 144.200 UNCH 64.1 144.117 51.74 1.94 33,814.9 2.860 2.437 — — 7060 NHFATT 2.700 — — — 14.28 3.70 223.2 0.065 0.020 0.050 0.045 7139 NICE 0.050 UNCH 203 0.045 — — 35.1 0.267 0.145 0.170 0.165 7215 NIHSIN 0.170 UNCH 179.5 0.167 — — 54.7 0.537 0.376 0.490 0.485 5066 NTPM 0.490 0.005 230.5 0.487 233.33 3.27 550.4 0.580 0.300 — — 5533 OCB 0.450 — — — — — 46.3 0.531 0.395 0.425 0.410 0049 OCNCASH 0.410 -0.010 32.9 0.414 17.37 2.22 100.6 0.888 0.623 0.655 0.650 7107 OFI 0.650 0.005 329.3 0.653 11.97 3.08 156.0 0.135 0.090 0.100 0.100 3018 OLYMPIA 0.100 -0.005 200 0.100 14.49 — 102.3 6.670 5.528 6.600 6.580 4006 ORIENT 6.600 UNCH 44.5 6.598 10.25 3.03 4,094.6 0.815 0.460 0.550 0.535 5260 OWG 0.540 -0.010 462.8 0.541 — — 154.0 5.610 3.066 3.720 3.590 7052 PADINI 3.720 0.100 932.9 3.679 15.27 2.69 2,447.4 39.072 35.184 37.660 37.540 3719 PANAMY 37.540 -0.120 0.8 37.615 21.09 6.02 2,280.4 0.460 0.291 0.370 0.345 5022 PAOS 0.370 0.025 1.1 0.368 90.24 4.32 67.0 0.350 0.230 — — 9407 PARAGON 0.270 — — — — — 18.9 0.355 0.195 0.220 0.210 5657 PARKSON 0.220 0.005 362.3 0.214 — — 240.7 0.635 0.185 0.420 0.410 6068 PCCS 0.420 0.005 1516.9 0.415 5.65 2.38 88.2 0.550 0.285 0.330 0.330 5231 PELIKAN 0.330 0.005 2 0.330 22.92 — 200.7 0.590 0.300 0.400 0.375 9997 PENSONI 0.400 0.035 19.7 0.390 93.02 — 51.9 0.725 0.255 0.725 0.675 7080 PERMAJU 0.695 0.020 6491.3 0.694 — — 136.2 27.850 21.069 23.540 23.180 5681 PETDAG 23.300 UNCH 218.1 23.359 29.64 3.00 23,147.5 0.165 0.125 0.145 0.140 4081 PMCORP 0.140 0.010 87 0.143 — — 108.3 0.120 0.035 — — 1287 PMHLDG 0.060 — — — — — 55.7 0.555 0.431 0.500 0.495 5080 POHKONG 0.495 -0.005 32 0.496 7.84 2.02 203.1 1.600 1.327 1.530 1.490 7088 POHUAT 1.520 0.020 172.8 1.501 5.88 2.63 367.4 19.516 16.607 17.960 17.900 4065 PPB 17.940 UNCH 368.8 17.941 25.79 1.56 25,521.4 0.434 0.300 — — 7190 PPG 0.300 — — — 46.15 1.67 30.0 1.300 0.565 0.940 0.840 7168 PRG 0.845 -0.085 9916.3 0.873 — — 306.7

0.940 0.410 0.860 0.830 8966 PRLEXUS 0.830 -0.020 1526.8 0.846 23.99 1.81 150.2 0.290 0.190 0.225 0.215 0186 PTRANS 0.220 UNCH 5009.7 0.220 8.56 4.32 313.0 0.907 0.677 — — 7134 PWF 0.725 — — — 9.59 3.45 126.1 2.180 1.319 2.180 2.140 7237 PWROOT 2.180 0.040 296.1 2.160 27.35 3.81 881.2 7.575 5.986 7.270 7.030 7084 QL 7.030 -0.220 987.7 7.106 51.02 0.64 11,405.7 0.420 0.260 — — 9946 REX 0.290 — — — — — 71.5 0.238 0.165 0.180 0.175 0037 RGB 0.175 -0.005 861.6 0.175 7.92 4.00 270.9 0.845 0.652 — — 5278 RHONEMA 0.700 — — — 14.20 4.29 127.8 0.940 0.276 0.900 0.855 0183 SALUTE 0.880 0.010 3298.1 0.882 — 2.73 341.4 0.285 0.160 0.170 0.170 5252 SASBADI 0.170 UNCH 310 0.170 89.47 — 71.2 0.370 0.225 0.235 0.230 5157 SAUDEE 0.235 0.005 46 0.235 69.12 — 32.3 0.675 0.610 0.630 0.630 9792 SEG 0.630 -0.005 9 0.630 18.21 4.37 796.7 1.560 1.199 1.470 1.440 5250 SEM 1.460 UNCH 916.6 1.457 30.48 1.64 1,800.7 0.850 0.440 0.850 0.825 7180 SERNKOU 0.850 0.020 3118 0.840 17.63 — 204.0 5.900 4.770 — — 5517 SHANG 5.000 — — — 35.64 3.00 2,200.0 0.685 0.415 — — 7412 SHH 0.500 — — — — — 25.0 0.565 0.315 0.480 0.470 7246 SIGN 0.480 0.010 31 0.476 48.00 3.13 115.3 2.488 1.952 2.300 2.260 4197 SIME 2.290 UNCH 15738 2.288 16.35 3.93 15,573.9 0.445 0.140 — — 8532 SINOTOP 0.145 — — — 120.83 — 57.3 0.250 0.105 0.155 0.145 9776 SMCAP 0.155 -0.005 55 0.154 — — 33.1 0.295 0.200 0.250 0.240 7943 SNC 0.250 0.010 62.6 0.246 — — 16.5 0.375 0.200 0.315 0.290 5242 SOLID 0.295 -0.010 4310 0.301 50.86 0.68 116.0 2.400 1.965 2.400 2.400 7103 SPRITZER 2.400 0.100 0.1 2.400 19.12 1.46 504.0 0.680 0.582 — — 03018 SUPREME 0.680 — — — 15.70 0.62 81.6 0.775 0.500 0.690 0.675 7186 SWSCAP 0.685 UNCH 304.2 0.687 — — 124.9 0.253 0.170 — — 7082 SYF 0.195 — — — — 6.41 120.8 0.420 0.240 — — 7211 TAFI 0.240 — — — — — 19.2 1.702 1.294 1.330 1.320 4405 TCHONG 1.330 UNCH 25.8 1.330 6.96 3.01 893.8 1.550 0.695 1.030 1.030 7439 TECGUAN 1.030 0.020 3 1.030 4.09 — 41.3 0.335 0.210 0.295 0.280 7200 TEKSENG 0.285 UNCH 586.7 0.287 — — 99.2 1.391 0.697 1.220 1.200 7252 TEOSENG 1.220 UNCH 691.4 1.210 7.10 4.51 366.0 1.260 0.875 — — 9369 TGL 1.260 — — — 8.17 3.97 51.3 0.588 0.430 — — 7230 TOMEI 0.440 — — — 10.48 2.27 61.0 0.460 0.295 — — 7176 TPC 0.320 — — — 5.67 — 74.8 5.988 4.317 4.570 4.500 4588 UMW 4.500 -0.030 139.6 4.529 14.69 1.67 5,257.3 2.300 1.977 2.200 2.200 7757 UPA 2.200 UNCH 2 2.200 17.13 3.64 175.1 0.970 0.770 0.920 0.900 7240 VERTICE 0.910 -0.010 705.3 0.905 — — 171.8 1.253 0.900 — — 7203 WANGZNG 0.935 — — — 13.75 4.28 149.6 2.268 1.950 — — 5016 WARISAN 1.950 — — — — 2.05 131.0 0.135 0.070 0.080 0.075 5156 XDL 0.080 UNCH 6399.6 0.080 9.64 — 144.4 0.510 0.320 — — 7121 XIANLNG 0.375 — — — — — 30.0 2.340 1.769 — — 5584 YEELEE 2.190 — — — 13.18 1.83 419.6 1.206 0.924 0.990 0.965 5159 YOCB 0.985 0.005 60.4 0.973 6.90 4.57 157.6 2.992 2.210 2.270 2.240 7178 YSPSAH 2.260 0.010 57.5 2.259 12.80 3.10 315.5 1.670 1.135 1.550 1.520 5131 ZHULIAN 1.540 -0.010 78.1 1.526 12.59 5.19 708.4INDUSTRIAL PRODUCTS & SERVICES 0.095 0.060 — — 7086 ABLEGRP 0.070 — — — — — 18.5 0.605 0.350 0.520 0.520 7191 ADVENTA 0.520 -0.005 6 0.520 — — 79.4 2.250 1.740 2.230 2.130 9148 ADVPKG 2.130 -0.070 21.8 2.169 208.82 2.82 43.7 0.140 0.080 0.110 0.100 7146 AEM 0.110 0.015 69 0.104 — — 36.2 0.710 0.385 0.545 0.520 5198 AFUJIYA 0.530 -0.020 54.9 0.539 19.56 — 95.4 0.335 0.200 0.250 0.250 2682 AISB 0.250 0.025 0.1 0.250 — — 36.1 0.615 0.395 0.415 0.405 7609 AJIYA 0.405 -0.005 180.2 0.411 5.61 — 123.4 0.650 0.420 — — 2674 ALCOM 0.445 — — — 21.71 — 59.8 1.234 0.920 — — 7083 ANALABS 1.100 — — — 25.35 1.82 132.1 0.587 0.440 0.500 0.485 4758 ANCOM 0.500 0.005 79.9 0.494 9.33 — 120.4 1.814 1.110 1.140 1.120 6556 ANNJOO 1.120 -0.020 152.4 1.128 25.99 10.71 627.1 0.055 0.015 0.020 0.020 9342 ANZO 0.020 UNCH 2455.5 0.020 — — 17.6 0.835 0.420 0.450 0.425 5568 APB 0.450 0.015 33.1 0.448 — — 50.8 3.151 2.240 2.270 2.250 5015 APM 2.260 -0.020 99.8 2.266 11.33 5.31 455.6 0.630 0.475 0.500 0.500 7214 ARANK 0.500 -0.010 21.9 0.500 6.91 4.64 84.8 0.605 0.205 0.365 0.345 7181 ARBB 0.350 -0.015 6820.8 0.353 1.86 — 82.4 0.749 0.581 0.700 0.695 7162 ASTINO 0.695 -0.010 38 0.700 7.99 1.44 190.5 1.826 1.301 1.550 1.530 8176 ATAIMS 1.540 0.020 135.1 1.536 16.72 2.14 1,854.7 0.790 0.400 0.405 0.400 7099 ATTA 0.400 -0.005 50 0.403 16.95 — 85.3 0.883 0.580 0.610 0.600 7579 AWC 0.610 UNCH 314.5 0.606 8.58 1.23 180.9 0.367 0.255 0.295 0.290 5021 AYS 0.295 0.010 35.8 0.291 10.77 6.78 112.2 1.400 1.120 1.250 1.250 8133 BHIC 1.250 UNCH 1.3 1.250 — 2.80 310.6 0.515 0.260 0.300 0.300 7005 BIG 0.300 UNCH 2.5 0.300 15.15 — 14.4 0.150 0.110 0.125 0.120 6998 BINTAI 0.125 0.010 7.2 0.120 3.16 — 36.2 0.325 0.225 0.240 0.235 3395 BJCORP 0.240 UNCH 2077.4 0.239 — — 1,251.6 0.766 0.485 0.615 0.605 0168 BOILERM 0.610 -0.010 60.5 0.611 11.19 3.28 314.8 0.055 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 3648.4 0.045 — — 240.3 1.350 0.865 1.180 1.110 6297 BOXPAK 1.110 UNCH 5.9 1.120 — — 133.3 1.128 0.833 1.030 1.030 5100 BPPLAS 1.030 -0.020 5.8 1.030 9.24 5.34 193.3 0.220 0.140 0.165 0.165 9938 BRIGHT 0.165 UNCH 20 0.165 — — 33.9 0.445 0.260 0.330 0.310 7221 BSLCORP 0.310 -0.020 25 0.318 23.13 — 30.4 1.726 0.945 0.985 0.970 2771 BSTEAD 0.970 -0.010 424.1 0.975 — 5.15 1,966.2 0.175 0.070 0.095 0.090 7188 BTM 0.090 UNCH 72.9 0.094 — — 12.7 3.941 1.807 3.400 3.260 5105 CANONE 3.380 0.130 182.7 3.356 4.33 1.18 649.5 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.227 0.800 0.815 0.810 7076 CBIP 0.810 -0.005 29 0.810 22.56 4.94 436.0 2.168 1.480 1.600 1.580 2879 CCM 1.580 UNCH 23 1.590 11.82 3.80 265.0 0.845 0.400 — — 8435 CEPCO 0.530 — — — — — 39.6 0.290 0.260 — — 03024 CETECH 0.285 — — — 27.40 0.35 98.6 1.360 0.910 1.110 1.110 8044 CFM 1.110 UNCH 10 1.110 — — 45.5 0.660 0.420 — — 8052 CGB 0.525 — — — — — 47.3 0.425 0.265 0.280 0.280 7187 CHGP 0.280 -0.005 7 0.280 40.58 — 83.2 0.898 0.610 0.780 0.775 5273 CHINHIN 0.780 UNCH 166 0.779 17.85 3.21 434.0 1.930 1.508 1.700 1.690 5007 CHINWEL 1.700 UNCH 81 1.697 8.68 4.62 509.2 1.652 1.320 1.420 1.360 5797 CHOOBEE 1.420 0.040 12.1 1.364 13.83 3.52 187.0 0.500 0.221 — — 7016 CHUAN 0.375 — — — 6.65 2.93 63.3 0.045 0.030 0.035 0.035 7018 CME 0.035 UNCH 7.8 0.035 — — 20.4 3.824 2.260 2.470 2.330 2852 CMSB 2.470 0.100 1642.9 2.388 12.39 3.00 2,653.7 0.530 0.365 0.400 0.400 7986 CNASIA 0.400 -0.060 4.5 0.400 26.85 — 20.0 1.370 0.735 1.080 1.020 5071 COASTAL 1.030 -0.010 394.5 1.049 37.45 — 547.8 0.175 0.045 0.075 0.065 7195 COMCORP 0.065 -0.005 38.9 0.065 — — 9.1 0.981 0.741 0.785 0.780 2127 COMFORT 0.780 UNCH 351 0.782 13.71 1.92 454.7 0.030 0.015 0.025 0.015 5037 COMPUGT 0.025 UNCH 5366.6 0.020 — — 61.9 1.155 0.939 0.995 0.985 5094 CSCSTEL 0.990 0.005 108 0.991 20.16 4.04 376.2 0.605 0.350 — — 7157 CYL 0.385 — — — 481.25 — 38.5 0.400 0.280 — — 5082 CYMAO 0.280 — — — — — 21.0 1.736 1.250 1.440 1.360 5184 CYPARK 1.420 0.060 1858.3 1.417 8.33 2.75 663.8 2.370 1.550 1.980 1.950 8125 DAIBOCI 1.950 -0.020 21.5 1.961 58.56 1.72 639.4 0.655 0.371 0.545 0.530 5276 DANCO 0.530 -0.015 304.4 0.535 10.00 3.30 161.1 0.355 0.120 0.210 0.200 7212 DESTINI 0.205 UNCH 1825.1 0.207 — — 236.8 0.755 0.325 0.400 0.390 7114 DNONCE 0.400 0.005 134 0.398 — — 104.5 0.280 0.080 0.165 0.165 5835 DOLMITE 0.165 UNCH 14.9 0.165 — — 47.0 0.170 0.070 — — 5265 DOLPHIN 0.100 — — — — — 24.4 1.300 1.162 1.280 1.260 7169 DOMINAN 1.280 0.010 12.8 1.272 9.27 5.47 211.5 3.190 1.823 3.160 3.090 7233 DUFU 3.130 0.050 1685.8 3.130 17.08 1.15 823.8 2.000 0.485 0.515 0.515 7165 DWL 0.515 -0.005 248.7 0.515 — — 119.9 0.380 0.075 0.075 0.075 5178 DYNACIA 0.075 UNCH 30 0.075 — — 36.0 3.459 2.196 3.300 3.290 1368 EDGENTA 3.290 UNCH 35.7 3.292 17.94 4.26 2,736.0 0.260 0.165 0.180 0.170 0064 EFFICEN 0.175 -0.005 654 0.177 — — 124.1 0.520 0.355 0.415 0.400 8907 EG 0.400 -0.010 888.5 0.406 8.33 — 110.0 1.565 1.158 1.380 1.380 5208 EITA 1.380 UNCH 47 1.380 8.62 4.35 179.4 0.990 0.710 — — 9016 EKSONS 0.745 — — — — 6.71 122.3 0.500 0.340 0.350 0.345 7217 EMETALL 0.345 -0.010 47 0.347 95.83 — 65.0 0.961 0.560 0.570 0.565 5056 ENGTEX 0.570 -0.005 409.6 0.567 — 1.32 252.7 0.470 0.310 — — 7773 EPMB 0.370 — — — — — 61.4 0.525 0.245 0.280 0.265 5101 EVERGRN 0.270 0.010 2299.1 0.272 — 1.78 228.5 1.380 1.050 1.300 1.260 2984 FACBIND 1.280 -0.010 31.2 1.280 96.97 — 109.0 2.850 2.091 2.700 2.690 7229 FAVCO 2.700 UNCH 62 2.699 7.31 5.00 602.4 0.320 0.305 — — 03026 FBBHD 0.320 — — — 26.67 — 69.1 0.580 0.330 0.340 0.340 0149 FIBON 0.340 UNCH 5 0.340 11.89 2.12 33.3 1.886 1.630 1.740 1.740 3107 FIMACOR 1.740 UNCH 15.2 1.740 7.57 7.18 426.8 0.560 0.365 0.395 0.380 9318 FITTERS 0.385 UNCH 3358.9 0.389 10.24 — 185.0 1.810 1.000 1.190 1.150 5197 FLBHD 1.170 0.020 232.5 1.172 7.26 12.39 124.9 0.490 0.199 0.490 0.460 5277 FPGROUP 0.475 0.010 11523.1 0.477 20.83 2.11 250.9 0.895 0.415 — — 7197 GESHEN 0.500 — — — — — 40.0 0.545 0.350 0.370 0.360 5220 GLOTEC 0.370 UNCH 503.3 0.365 — — 99.6 0.285 0.145 0.230 0.220 7192 GOODWAY 0.220 -0.010 1034.6 0.220 — — 26.7 0.145 0.080 — — 7096 GPA 0.105 — — — — — 103.0 0.259 0.160 0.185 0.185 5649 GPHAROS 0.185 0.005 1 0.185 88.10 6.86 25.3 0.573 0.400 0.490 0.470 3247 GUH 0.480 0.005 41.7 0.479 63.16 — 133.4 10.180 9.023 9.940 9.830 3034 HAPSENG 9.850 -0.060 216.4 9.892 38.63 3.55 24,523.4 6.372 4.486 5.250 5.220 5168 HARTA 5.250 0.010 1652.1 5.246 41.21 1.56 17,647.7 6.480 4.290 4.410 4.370 4324 HENGYUAN 4.370 -0.030 241.7 4.385 — — 1,311.0 0.784 0.490 0.580 0.545 5095 HEVEA 0.550 0.005 3739.1 0.560 23.01 8.73 309.5 1.050 0.650 0.720 0.670 5151 HEXTAR 0.720 0.045 8 0.676 — — 590.9 0.806 0.645 0.775 0.760 3298 HEXZA 0.760 -0.005 89 0.766 19.00 6.58 152.3 0.377 0.180 0.195 0.190 5072 HIAPTEK 0.195 UNCH 741.7 0.192 10.32 2.56 262.1 1.300 0.760 0.955 0.925 5199 HIBISCS 0.935 -0.015 8854.1 0.933 6.46 — 1,485.0 1.622 1.010 1.010 1.010 7033 HIGHTEC 1.010 UNCH 40 1.010 15.28 3.47 41.0 0.634 0.447 — — 8443 HIL 0.525 — — — 12.35 3.33 175.4 0.810 0.405 — — 5165 HOKHENG 0.610 — — — — — 53.7 0.572 0.316 0.400 0.355 5291 HPMT 0.390 0.035 2191.6 0.384 — — 128.1 1.290 0.735 0.795 0.775 0185 HSSEB 0.790 UNCH 638.1 0.784 — — 391.7 0.300 0.115 0.150 0.135 2739 HUAAN 0.145 0.010 16902.3 0.144 16.48 — 162.7 1.690 0.456 1.070 1.050 5000 HUMEIND 1.050 UNCH 383.7 1.057 — — 518.3 0.135 0.070 — — 9601 HWGB 0.075 — — — — — 26.8 2.330 1.850 2.170 2.160 7222 IMASPRO 2.170 UNCH 257 2.164 102.84 1.61 173.6 0.575 0.360 — — 5673 IPMUDA 0.360 — — — — — 26.1 0.160 0.075 0.100 0.100 7183 IRETEX 0.100 -0.010 27.8 0.100 1.37 — 18.5 1.250 0.950 — — 7043 JADEM 1.190 — — — — — 150.9 0.125 0.100 — — 8648 JASKITA 0.110 — — — — — 49.5 1.606 1.304 — — 0058 JCBNEXT 1.460 — — — 17.00 2.74 201.2 0.215 0.120 0.135 0.130 9083 JETSON 0.135 UNCH 47 0.131 — — 28.6 0.175 0.115 0.135 0.130 0054 KARYON 0.135 UNCH 197.4 0.130 15.88 3.33 64.2 0.630 0.480 — — 7199 KEINHIN 0.485 — — — 16.28 2.06 52.8 1.707 1.337 1.580 1.580 6491 KFIMA 1.580 0.020 23 1.580 7.47 5.70 445.9 1.399 0.873 1.380 1.320 0151 KGB 1.360 0.040 3869.6 1.352 18.28 1.32 423.6 0.300 0.130 0.190 0.190 6211 KIALIM 0.190 -0.010 7 0.190 — — 11.8 1.360 1.000 1.070 1.010 5371 KIMHIN 1.020 -0.070 8 1.026 — 4.90 158.7 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.520 0.775 1.400 1.390 9466 KKB 1.400 0.010 140.4 1.400 15.52 2.86 360.9 0.470 0.070 0.470 0.445 7164 KNM 0.455 0.010 123546.6 0.456 — — 1,191.4 0.800 0.350 — — 5035 KNUSFOR 0.600 — — — — — 59.8 1.730 1.180 1.570 1.560 6971 KOBAY 1.560 -0.020 20 1.568 8.54 — 159.3 0.390 0.120 0.280 0.270 7017 KOMARK 0.280 0.010 5520.3 0.279 — — 51.5 4.529 3.543 4.280 4.220 7153 KOSSAN 4.280 0.060 1545.1 4.259 24.10 1.40 5,473.8 1.269 0.645 0.685 0.675 5843 KPS 0.675 -0.005 350.8 0.678 — 6.30 362.7

* 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 MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

0.565 0.470 — — 9121 KPSCB 0.475 — — — 9.30 — 70.2 4.937 3.900 4.700 4.680 3476 KSENG 4.700 0.020 0.8 4.683 22.41 2.13 1,698.9 0.590 0.281 — — 5192 KSSC 0.425 — — — — 1.18 40.8 0.530 0.225 0.325 0.320 6874 KUB 0.320 -0.005 174.7 0.320 — 3.13 178.1 0.400 0.220 0.295 0.220 8362 KYM 0.275 -0.010 151.4 0.268 35.71 — 41.2 0.583 0.427 0.490 0.485 9326 LBALUM 0.490 0.010 38.6 0.490 8.64 3.06 121.8 4.718 2.460 2.580 2.480 5284 LCTITAN 2.480 -0.100 3185.9 2.510 14.65 6.85 5,723.3 0.561 0.387 — — 5232 LEONFB 0.445 — — — 7.24 3.37 138.0 0.250 0.100 0.195 0.180 8745 LEWEKO 0.190 UNCH 211 0.190 — — 61.2 0.160 0.085 0.120 0.120 7170 LFECORP 0.120 -0.005 105 0.120 — — 24.5 0.775 0.375 0.400 0.400 8486 LIONFIB 0.400 -0.040 0.2 0.400 10.05 — 92.6 0.830 0.375 0.395 0.380 4235 LIONIND 0.390 0.005 1031.1 0.388 — — 280.0 0.375 0.250 — — 9881 LSTEEL 0.285 — — — — — 36.5 0.090 0.065 0.075 0.070 5068 LUSTER 0.075 0.005 170.5 0.070 12.71 — 155.7 0.586 0.470 0.495 0.485 5143 LUXCHEM 0.495 UNCH 213.5 0.489 11.28 4.55 443.0 2.775 2.191 — — 9199 LYSAGHT 2.390 — — — 11.52 2.93 99.4 0.590 0.340 0.380 0.370 5098 MASTEEL 0.380 0.010 1115.5 0.375 — — 162.8 1.610 0.560 1.570 1.530 7029 MASTER 1.570 0.010 517.4 1.554 8.89 2.23 85.8 1.400 0.873 1.210 1.130 5152 MBL 1.190 0.020 201.7 1.152 6.96 3.78 127.1 0.750 0.435 — — 7004 MCEHLDG 0.615 — — — — — 27.3 4.570 1.800 3.050 2.920 3794 MCEMENT 3.020 0.070 16.4 2.979 — — 2,566.1 0.190 0.090 0.135 0.130 3778 MELEWAR 0.135 0.010 138 0.134 1.62 — 48.5 0.700 0.435 — — 5223 MENTIGA 0.550 — — — — — 38.5 1.738 1.487 — — 6149 METROD 1.520 — — — 26.30 3.95 182.4 0.380 0.220 0.295 0.285 5001 MIECO 0.295 0.010 975.4 0.290 — — 154.9 0.070 0.045 0.070 0.060 7219 MINETEC 0.070 0.005 4463 0.066 — — 64.5 0.370 0.227 0.270 0.260 5576 MINHO 0.260 UNCH 12.6 0.261 9.59 4.42 88.5 0.998 0.780 0.810 0.810 5916 MSC 0.810 UNCH 9.3 0.810 7.43 2.47 324.0 0.105 0.045 0.055 0.050 0043 MTRONIC 0.055 UNCH 403.7 0.052 — — 68.5 2.147 1.457 1.650 1.580 3883 MUDA 1.630 0.060 279.6 1.620 6.54 2.76 497.2 0.375 0.225 0.260 0.260 5087 MYCRON 0.260 UNCH 5 0.260 — — 85.0 0.640 0.355 0.390 0.380 7241 NGGB 0.390 UNCH 1168.6 0.387 — — 196.6 0.145 0.060 0.095 0.090 5025 NWP 0.095 UNCH 48 0.090 — — 40.6 0.709 0.555 0.600 0.585 4944 NYLEX 0.595 0.005 102.9 0.595 — 3.36 115.6 0.740 0.539 0.675 0.660 7140 OKA 0.665 0.010 379.1 0.668 14.75 5.56 163.2 1.171 0.858 0.905 0.900 5065 ORNA 0.900 UNCH 518.9 0.900 7.10 2.78 67.7 0.075 0.045 0.060 0.055 7225 PA 0.060 0.005 3925.4 0.055 24.00 — 112.2 0.625 0.421 0.590 0.575 8419 PANSAR 0.580 UNCH 3027.3 0.582 45.31 1.72 268.0 0.591 0.391 0.525 0.520 5125 PANTECH 0.520 -0.005 641 0.524 8.75 3.81 390.3 9.845 6.750 7.380 7.310 5183 PCHEM 7.380 0.040 3055 7.363 13.16 3.93 59,040.0 1.300 0.651 1.200 1.190 5271 PECCA 1.190 UNCH 443.3 1.190 13.15 4.62 223.7 4.879 4.175 4.590 4.550 5436 PERSTIM 4.590 0.070 1.1 4.554 11.25 6.54 455.8 1.530 0.950 1.330 1.280 5219 PESTECH 1.290 -0.020 994.3 1.296 12.30 — 985.9 19.386 14.596 16.740 16.580 6033 PETGAS 16.660 0.020 237.1 16.628 17.95 4.32 32,965.7 7.464 4.920 4.990 4.940 3042 PETRONM 4.940 -0.050 41.2 4.974 7.68 4.05 1,333.8 1.150 0.880 0.950 0.950 3611 PGLOBE 0.950 0.035 4.9 0.950 169.64 — 177.3 0.160 0.090 — — 7201 PICORP 0.115 — — — 63.89 4.35 75.7 1.703 1.070 1.420 1.350 7095 PIE 1.410 0.060 998.5 1.398 14.36 1.70 541.5 0.325 0.100 — — 7163 PJBUMI 0.160 — — — 12.50 — 13.1 4.254 3.040 3.180 3.180 7172 PMBTECH 3.180 UNCH 2 3.180 53.63 0.63 666.8 4.963 3.958 4.880 4.770 8869 PMETAL 4.770 -0.080 967.1 4.784 35.86 1.26 19,261.8 0.570 0.450 0.545 0.540 6637 PNEPCB 0.545 0.010 866.8 0.540 — — 71.7 0.480 0.260 0.410 0.410 8117 POLY 0.410 0.005 14.2 0.410 13.02 — 65.6 0.690 0.390 0.670 0.655 8273 PPHB 0.670 0.010 86.2 0.662 6.14 — 126.4 0.778 0.400 0.435 0.420 9873 PRESTAR 0.435 0.020 212.2 0.426 — 3.45 89.1 0.080 0.035 0.055 0.050 7123 PWORTH 0.055 UNCH 2527 0.052 — — 225.2 0.850 0.710 — — 7544 QUALITY 0.800 — — — — — 46.4 0.310 0.190 — — 7498 RALCO 0.230 — — — — — 10.6 0.460 0.165 0.200 0.190 5256 REACH 0.190 -0.010 4795.1 0.193 — — 208.3 0.350 0.241 — — 7232 RESINTC 0.320 — — — 10.53 7.81 43.9 0.245 0.120 0.145 0.140 9954 RGTBHD 0.145 0.005 239 0.142 13.81 — 83.7 0.992 0.491 0.545 0.525 9741 ROHAS 0.540 0.010 734.5 0.535 16.36 4.63 255.2 0.600 0.412 0.570 0.570 7803 RUBEREX 0.570 -0.015 10 0.570 22.53 3.51 143.8 3.925 3.531 — — 5134 SAB 3.720 — — — 25.98 1.34 509.4 8.640 6.949 8.100 8.100 9822 SAM 8.100 0.060 0.2 8.100 13.83 2.15 1,094.9 0.821 0.550 0.590 0.580 5147 SAMCHEM 0.580 -0.005 137 0.581 7.73 5.17 157.8 0.784 0.654 — — 7811 SAPIND 0.710 — — — 11.08 7.04 51.7 0.510 0.205 0.245 0.245 5170 SCABLE 0.245 0.010 24.6 0.245 — — 77.7 1.350 0.760 1.340 1.300 7247 SCGM 1.320 0.020 363.5 1.314 — 0.95 255.6 1.410 0.400 1.410 1.320 9237 SCIB 1.390 0.070 1068.1 1.372 — — 119.4 1.733 0.733 0.945 0.920 0099 SCICOM 0.925 -0.005 2979.7 0.932 16.26 5.95 328.8 9.500 8.110 9.500 9.010 4731 SCIENTX 9.500 0.430 553.7 9.289 14.34 2.11 4,895.0 0.225 0.105 — — 7239 SCNWOLF 0.140 — — — — — 13.5 0.400 0.155 0.250 0.235 7073 SEACERA 0.245 0.015 9028.9 0.239 — — 117.8 0.495 0.090 0.420 0.405 5145 SEALINK 0.415 0.010 2769.9 0.412 — — 207.5 0.750 0.180 0.750 0.660 5163 SEB 0.740 0.120 912.1 0.718 — — 59.2 0.990 0.781 — — 5181 SIGGAS 0.920 — — — 82.14 0.54 172.5 0.690 0.410 — — 7115 SKBSHUT 0.500 — — — 6.30 — 20.0 1.390 0.912 1.280 1.200 7155 SKPRES 1.200 -0.060 3717.2 1.223 16.78 3.20 1,500.2 1.420 0.809 1.260 1.210 7248 SLP 1.220 -0.050 221.2 1.223 15.29 4.51 386.7 0.530 0.320 — — 7132 SMISCOR 0.360 — — — — — 16.1 1.260 0.720 0.800 0.785 5665 SSTEEL 0.800 UNCH 97.4 0.793 — 4.38 346.9 0.765 0.380 0.440 0.410 6904 SUBUR 0.420 UNCH 24 0.431 — — 87.8 1.053 0.489 0.940 0.890 7207 SUCCESS 0.930 0.040 878.5 0.907 14.49 2.90 231.8 1.720 1.280 1.710 1.680 5211 SUNWAY 1.710 0.020 4186.6 1.707 12.23 2.88 8,437.0 1.370 0.740 1.020 1.000 7235 SUPERLN 1.010 UNCH 562.1 1.008 16.16 2.28 161.6 2.005 1.400 1.520 1.470 7106 SUPERMX 1.470 -0.020 4297.6 1.485 15.57 2.47 1,999.7 0.360 0.180 0.265 0.250 5149 TAS 0.260 -0.005 59.6 0.263 11.45 — 46.8 6.800 4.050 — — 4448 TASEK 5.350 — — — — — 661.4 0.235 0.100 0.110 0.105 7097 TAWIN 0.110 UNCH 3467.5 0.107 28.21 — 39.3 0.992 0.642 0.725 0.710 5289 TECHBND 0.725 0.020 63.7 0.717 23.54 — 166.8 0.800 0.365 — — 8702 TEXCHEM 0.400 — — — — 25.00 49.6 2.950 2.004 2.820 2.780 7034 TGUAN 2.780 -0.040 133.3 2.797 7.47 2.88 510.7 1.399 0.983 1.240 1.240 7374 TIENWAH 1.240 0.010 18.7 1.240 — 6.45 179.5 0.680 0.396 — — 7854 TIMWELL 0.570 — — — 8.48 3.51 50.8 0.730 0.430 0.505 0.505 7285 TOMYPAK 0.505 -0.005 60 0.505 — 0.59 212.0 4.066 2.470 2.550 2.530 5010 TONGHER 2.550 0.030 5.9 2.547 10.90 7.84 401.4 6.246 4.210 4.350 4.310 7113 TOPGLOV 4.330 -0.010 1011.4 4.328 29.86 1.73 11,087.4 1.009 0.558 0.650 0.645 7173 TOYOINK 0.645 -0.005 14 0.650 18.12 3.10 69.0 0.814 0.543 — — 5167 TURBO 0.635 — — — 13.01 3.15 68.6 2.963 2.303 2.770 2.710 7100 UCHITEC 2.740 0.040 1972.9 2.737 16.73 5.11 1,235.5 0.800 0.385 0.490 0.480 7133 ULICORP 0.490 UNCH 107 0.483 — — 106.7 2.494 1.820 1.900 1.880 7137 UMS 1.890 -0.010 5 1.892 24.93 3.17 76.9 1.068 0.850 — — 7227 UMSNGB 0.880 — — — 11.52 3.41 70.4 1.450 0.905 1.230 1.230 7091 UNIMECH 1.230 -0.010 37.9 1.230 9.55 3.09 195.3 0.575 0.275 0.305 0.275 4995 VERSATL 0.275 -0.040 9.9 0.275 — — 39.0 1.618 0.610 1.350 1.330 6963 VS 1.330 -0.020 3791.3 1.335 15.05 2.71 2,466.2 1.010 0.595 1.000 0.970 5142 WASEONG 0.990 0.020 7181.1 0.990 14.14 — 767.1 0.950 0.365 — — 7226 WATTA 0.500 — — — — — 42.2 1.277 1.068 1.160 1.150 7231 WELLCAL 1.150 0.010 108.6 1.152 15.50 4.87 572.6 0.700 0.460 — — 7692 WIDETEC 0.565 — — — 17.49 — 25.3 0.824 0.425 0.450 0.425 7050 WONG 0.450 -0.020 72.3 0.430 16.42 3.33 51.6 0.830 0.540 — — 7025 WOODLAN 0.600 — — — 61.22 — 24.0 1.680 1.020 1.140 1.140 5009 WTHORSE 1.140 UNCH 10 1.140 — — 273.6 0.696 0.404 0.475 0.470 4243 WTK 0.475 UNCH 55.1 0.473 — 3.16 228.6 0.410 0.160 0.290 0.270 7245 WZSATU 0.280 -0.005 5256.8 0.277 — — 143.3 0.695 0.530 — — 5048 YILAI 0.600 — — — — — 87.3 0.205 0.090 0.105 0.100 7020 YKGI 0.100 UNCH 85 0.101 — — 35.1 0.335 0.195 — — 7014 YLI 0.205 — — — — — 21.1CONSTRUCTION 0.485 0.241 0.445 0.440 5281 ADVCON 0.445 UNCH 849.4 0.441 18.09 2.25 179.3 1.740 1.270 1.670 1.600 5293 AME 1.610 -0.040 2370.8 1.631 — — 687.7 0.575 0.274 0.365 0.355 7078 AZRB 0.360 -0.005 431.2 0.359 26.47 2.47 215.2 0.230 0.140 0.145 0.140 5190 BENALEC 0.145 UNCH 556 0.140 — — 125.0 0.295 0.115 0.120 0.120 5932 BPURI 0.120 UNCH 1186 0.120 109.09 — 45.8 0.800 0.706 0.790 0.785 8761 BREM 0.790 UNCH 60.3 0.789 15.05 5.06 272.9 1.156 0.755 0.950 0.940 8591 CRESBLD 0.950 UNCH 205 0.945 2.49 4.74 168.1 1.788 1.572 — — 7528 DKLS 1.700 — — — 34.55 1.76 157.6 0.880 0.360 0.730 0.700 5253 ECONBHD 0.700 -0.020 6608 0.712 36.84 2.29 936.3 1.040 0.411 0.800 0.780 8877 EKOVEST 0.780 -0.015 16109.5 0.784 12.28 1.28 2,070.8 0.520 0.300 0.360 0.350 7047 FAJAR 0.350 -0.005 825.4 0.355 9.07 4.29 130.9 0.960 0.475 0.685 0.665 9261 GADANG 0.665 -0.020 2650.8 0.671 9.98 1.80 484.2 3.978 2.091 3.770 3.740 5398 GAMUDA 3.770 UNCH 6797.2 3.764 13.18 3.18 9,323.8 1.540 0.658 1.300 1.270 5226 GBGAQRS 1.300 UNCH 362.9 1.284 13.22 3.02 643.0 1.354 0.703 1.040 1.020 3204 GKENT 1.020 -0.020 928.7 1.028 8.57 — 574.5 0.695 0.280 0.500 0.495 5169 HOHUP 0.495 -0.005 535 0.496 7.86 — 185.6 1.575 1.272 1.330 1.330 6238 HSL 1.330 UNCH 7.9 1.330 12.98 1.80 775.0 2.510 1.479 2.210 2.180 3336 IJM 2.210 0.010 5397.3 2.205 19.20 1.81 8,042.8 0.290 0.070 0.090 0.080 5268 IKHMAS 0.085 -0.005 4057.9 0.086 — — 50.0 0.630 0.444 0.490 0.460 8834 IREKA 0.490 UNCH 4 0.468 — 4.08 91.5 1.030 0.405 0.985 0.925 4723 JAKS 0.940 -0.025 16000.3 0.956 10.94 — 604.5 1.490 0.975 1.390 1.350 7161 KERJAYA 1.360 -0.020 253.4 1.368 11.89 2.57 1,689.1 1.460 0.972 1.270 1.260 5171 KIMLUN 1.260 UNCH 74 1.261 6.06 2.94 428.2 1.060 0.735 — — 9628 LEBTECH 0.900 — — — — — 122.8 0.622 0.360 0.390 0.390 5129 MELATI 0.390 UNCH 2 0.390 52.00 2.56 46.8 1.000 0.680 — — 8192 MERCURY 0.745 — — — 7.70 — 29.9 1.810 0.670 — — 5006 MERGE 0.920 — — — — — 61.6 0.895 0.605 0.620 0.610 7595 MGB 0.620 UNCH 13 0.615 16.10 — 309.0 0.432 0.216 0.270 0.260 9571 MITRA 0.265 -0.005 1029.9 0.265 — 5.66 237.5 0.250 0.115 0.170 0.160 5924 MTDACPI 0.160 0.005 7.6 0.160 — — 37.1 0.455 0.180 0.190 0.185 5085 MUDAJYA 0.185 UNCH 73.9 0.188 — — 112.0 3.108 2.330 2.460 2.390 5703 MUHIBAH 2.390 -0.040 6.4 2.429 8.25 3.14 1,159.5 0.370 0.220 0.300 0.280 7071 OCR 0.290 -0.005 3470 0.289 — — 95.4 0.900 0.730 — — 5622 PEB 0.795 — — — — — 55.0 0.269 0.163 0.235 0.215 8311 PESONA 0.220 0.005 1496 0.225 13.33 4.55 152.9 0.361 0.183 0.245 0.240 5070 PRTASCO 0.240 -0.005 72.2 0.243 — 2.50 118.9 0.170 0.095 0.115 0.100 7145 PSIPTEK 0.100 -0.015 12089.9 0.104 11.76 — 43.5 3.430 1.986 3.310 3.290 9598 PTARAS 3.290 -0.030 20.1 3.309 20.85 6.08 545.7 0.500 0.255 0.270 0.265 6807 PUNCAK 0.265 UNCH 23.8 0.265 — 1.89 119.1 0.800 0.375 0.415 0.390 5205 SENDAI 0.405 0.015 2186.3 0.404 5.74 — 316.3 2.156 1.246 2.040 1.890 5263 SUNCON 1.890 -0.140 5475.5 1.912 17.80 3.70 2,443.6 0.285 0.210 0.220 0.220 9717 SYCAL 0.220 UNCH 100 0.220 64.71 — 91.6 0.741 0.431 0.495 0.475 5054 TRC 0.480 -0.005 1573.2 0.480 7.55 3.96 230.6 0.595 0.295 0.380 0.380 5042 TSRCAP 0.380 0.010 3.5 0.380 — — 66.3 0.895 0.180 — — 03017 UNIWALL 0.895 — — — 32.31 0.02 327.3 1.170 0.800 0.895 0.880 7070 VIZIONE 0.885 UNCH 586.8 0.885 7.51 — 497.6 0.710 0.390 0.445 0.420 3565 WCEHB 0.420 -0.010 2135.3 0.437 20.69 — 421.1 1.220 0.647 0.915 0.870 9679 WCT 0.870 -0.045 4407 0.882 13.77 3.38 1,233.8 0.410 0.150 0.355 0.310 7028 ZECON 0.345 0.030 4362 0.335 — — 49.7 0.125 0.025 0.075 0.070 2283 ZELAN 0.070 -0.005 810 0.075 — — 59.1HEALTH CARE 0.605 0.350 0.520 0.520 7191 ADVENTA 0.520 -0.005 6 0.520 — — 79.4 2.404 1.950 2.220 2.210 7090 AHEALTH 2.210 UNCH 34.6 2.211 18.42 1.56 1,042.5 1.469 0.892 1.380 1.360 7148 DPHARMA 1.370 0.010 150.7 1.363 16.53 3.65 931.7

6.372 4.486 5.250 5.220 5168 HARTA 5.250 0.010 1652.1 5.246 41.21 1.56 17,647.7 5.950 4.517 5.700 5.650 5225 IHH 5.670 -0.070 2513 5.667 82.29 0.53 49,748.5 4.529 3.543 4.280 4.220 7153 KOSSAN 4.280 0.060 1545.1 4.259 24.10 1.40 5,473.8 1.940 1.605 1.900 1.900 0002 KOTRA 1.900 UNCH 2 1.900 11.79 3.89 273.8 1.112 0.865 0.950 0.905 5878 KPJ 0.950 0.040 3417.8 0.942 22.73 2.11 4,216.9 2.947 1.931 2.460 2.420 7081 PHARMA 2.430 -0.030 12.5 2.430 13.08 6.38 634.8 0.135 0.075 0.075 0.075 03023 SMILE 0.075 UNCH 110 0.075 25.86 1.60 71.2 2.005 1.400 1.520 1.470 7106 SUPERMX 1.470 -0.020 4297.6 1.485 15.57 2.47 1,999.7 0.820 0.630 0.645 0.630 0101 TMCLIFE 0.640 UNCH 387.5 0.634 33.86 0.28 1,114.8 6.246 4.210 4.350 4.310 7113 TOPGLOV 4.330 -0.010 1011.4 4.328 29.86 1.73 11,087.4 0.545 0.228 — — 03013 TOPVISN 0.545 — — — 53.43 — 139.3 2.992 2.210 2.270 2.240 7178 YSPSAH 2.260 0.010 57.5 2.259 12.80 3.10 315.5FINANCIAL SERVICES 4.248 2.570 2.940 2.860 2488 ABMB 2.940 0.080 7798.8 2.923 9.51 5.68 4,551.4 16.851 13.785 16.400 15.500 5139 AEONCR 16.400 0.800 478.7 16.233 81.59 2.72 4,159.1 2.378 1.930 1.960 1.930 5185 AFFIN 1.950 -0.010 48.8 1.942 6.58 2.56 3,872.7 14.980 11.361 13.920 13.800 1163 ALLIANZ 13.800 -0.100 60.4 13.853 7.28 2.90 2,441.0 4.482 3.533 4.020 3.880 1015 AMBANK 4.020 0.070 4077.7 3.989 7.81 4.98 12,117.0 1.058 0.780 — — 5088 APEX 0.800 — — — 15.97 — 170.9 4.750 3.252 4.240 4.150 5258 BIMB 4.200 UNCH 4408.2 4.203 9.56 3.69 7,410.0 7.538 5.817 6.190 6.070 1818 BURSA 6.190 0.110 1115 6.115 25.68 3.55 5,004.6 5.749 4.802 5.000 4.950 1023 CIMB 5.000 0.030 8081.4 4.974 9.55 5.20 48,637.1 0.340 0.230 0.245 0.245 2143 ECM 0.245 UNCH 300 0.245 — — 117.6 1.700 1.088 1.640 1.630 5228 ELKDESA 1.640 -0.010 103.7 1.639 14.19 4.27 487.1 21.497 15.820 17.040 16.740 5819 HLBANK 17.000 0.160 1552.3 16.856 13.05 2.94 36,851.2 10.100 7.327 — — 5274 HLCAP 9.600 — — — 34.04 2.29 2,370.2 19.819 15.920 16.400 16.180 1082 HLFG 16.240 -0.100 102.6 16.259 11.78 2.59 18,635.7 0.900 0.645 0.825 0.815 3379 INSAS 0.825 0.005 238.4 0.821 6.68 2.42 572.0 0.115 0.065 0.070 0.070 3441 JOHAN 0.070 -0.005 91 0.070 — — 43.6 0.686 0.480 0.495 0.490 6483 KENANGA 0.495 0.005 86 0.493 52.11 2.22 357.8 2.150 1.540 1.660 1.660 2186 KUCHAI 1.660 -0.020 6 1.660 91.71 0.84 205.4 16.250 14.641 15.400 15.340 8621 LPI 15.340 -0.020 30.1 15.374 19.11 4.50 6,111.2 1.003 0.375 0.790 0.790 1198 MAA 0.790 UNCH 20 0.790 — 11.39 216.1 2.850 2.244 2.460 2.460 1058 MANULFE 2.460 -0.040 0.5 2.460 15.95 2.85 497.8 9.113 8.261 8.540 8.470 1155 MAYBANK 8.500 -0.020 7097 8.500 11.68 6.71 95,551.6 1.025 0.820 0.890 0.840 1171 MBSB 0.890 0.050 16497.5 0.876 13.05 5.62 5,974.9 1.290 0.845 1.150 1.120 6459 MNRB 1.150 -0.010 487.8 1.143 7.97 — 882.1 1.200 0.985 1.120 1.090 5237 MPHBCAP 1.110 0.010 63.3 1.104 22.47 — 793.7 0.975 0.922 0.970 0.965 6009 P&O 0.970 UNCH 16 0.970 — 6.01 278.4 24.390 19.080 19.360 19.220 1295 PBBANK 19.280 UNCH 1945.6 19.276 13.54 3.63 74,847.6 1.667 1.332 1.550 1.540 9296 RCECAP 1.540 -0.010 35.3 1.541 5.45 5.84 568.1 5.833 4.824 5.700 5.630 1066 RHBBANK 5.660 UNCH 7409 5.661 9.51 4.51 22,696.9 0.665 0.537 0.620 0.620 4898 TA 0.620 -0.005 106 0.620 — 6.61 1,061.4 7.180 3.416 6.300 6.160 6139 TAKAFUL 6.290 0.070 1039.1 6.273 14.74 2.38 5,200.5 0.765 0.502 0.610 0.595 5230 TUNEPRO 0.605 0.015 3268.7 0.603 9.25 4.96 454.8PROPERTY 0.300 0.225 — — 7131 ACME 0.240 — — — 5.99 — 57.3 0.577 0.450 0.485 0.480 1007 AMPROP 0.485 0.005 10.1 0.483 12.50 6.19 355.4 1.280 0.870 — — 5959 AMVERTON 1.090 — — — 5.65 — 397.9 0.650 0.255 — — 7007 ARK 0.255 — — — — — 12.4 0.170 0.110 0.115 0.115 4057 ASIAPAC 0.115 UNCH 468 0.115 3.41 — 119.3 4.956 4.000 — — 2305 AYER 4.000 — — — 19.54 1.25 299.4 0.380 0.220 0.265 0.250 6602 BCB 0.265 0.005 20 0.256 2.71 — 109.3 0.585 0.285 — — 6173 BDB 0.335 — — — — — 101.8 0.300 0.110 — — 9814 BERTAM 0.185 — — — — — 38.2 0.340 0.260 0.305 0.300 3239 BJASSET 0.305 UNCH 110.6 0.303 — — 780.2 1.580 1.090 1.400 1.320 5738 CHHB 1.330 -0.070 40.5 1.391 4.05 — 366.7 1.405 1.150 1.190 1.190 6718 CRESNDO 1.190 -0.010 10 1.190 8.51 5.04 333.8 1.590 1.108 — — 5049 CVIEW 1.310 — — — 1.72 3.82 131.0 0.565 0.220 0.425 0.420 3484 DBHD 0.420 -0.010 296.9 0.422 5.77 — 133.7 0.095 0.050 — — 7198 DPS 0.060 — — — — — 35.3 1.212 0.640 0.670 0.660 3417 E&O 0.665 UNCH 643.8 0.664 17.27 4.51 968.9 0.350 0.285 0.345 0.340 3557 ECOFIRS 0.340 -0.005 238.7 0.341 12.01 — 274.9 1.130 0.625 0.690 0.670 8206 ECOWLD 0.680 UNCH 6537 0.682 10.51 — 2,002.2 0.480 0.270 — — 6076 ENCORP 0.300 — — — — — 91.9 1.998 0.882 — — 8613 ENRA 1.200 — — — — 2.50 163.4 0.785 0.550 — — 6815 EUPE 0.630 — — — 2.40 — 80.6 0.735 0.491 0.620 0.605 7249 EWEIN 0.610 -0.010 1267.3 0.613 4.02 0.82 184.0 0.985 0.600 0.765 0.755 5283 EWINT 0.760 -0.005 833 0.760 13.15 — 1,824.0 0.400 0.325 0.360 0.345 6041 FARLIM 0.350 0.010 695.3 0.351 — — 58.9 0.409 0.345 0.365 0.360 5020 GLOMAC 0.360 -0.005 33 0.364 16.44 2.22 288.0 0.350 0.235 0.255 0.255 9962 GMUTUAL 0.255 -0.005 5 0.255 16.24 1.96 95.8 0.205 0.155 0.190 0.190 1147 GOB 0.190 UNCH 4 0.190 — — 86.4 0.220 0.135 0.175 0.170 7077 GSB 0.175 UNCH 130.2 0.175 159.09 — 96.7 0.829 0.645 0.670 0.655 1503 GUOCO 0.670 0.005 31 0.665 — 2.99 469.3 1.300 1.200 — — 7105 HCK 1.220 — — — 46.74 — 516.5 0.715 0.520 — — 7010 HOOVER 0.530 — — — — — 21.2 0.465 0.300 0.340 0.335 5062 HUAYANG 0.340 UNCH 23.5 0.335 — — 119.7 0.452 0.280 0.295 0.285 4251 IBHD 0.290 -0.005 207.7 0.290 10.55 6.03 307.8 0.734 0.347 — — 5084 IBRACO 0.530 — — — 8.13 4.25 263.1 1.519 0.983 — — 9687 IDEAL 1.380 — — — 4.24 0.72 639.9 2.868 2.176 — — 5606 IGBB 2.780 — — — 7.82 0.36 1,917.7 1.685 1.080 1.120 1.080 5249 IOIPG 1.080 -0.020 6337.5 1.087 8.99 2.78 5,946.6 0.265 0.175 0.190 0.180 5175 IVORY 0.190 0.010 118.4 0.184 — 13.16 93.1 1.320 0.365 0.900 0.870 1589 IWCITY 0.885 -0.010 6608.7 0.882 — — 741.1 0.360 0.250 — — 8923 JIANKUN 0.340 — — — 28.10 — 56.7 0.090 0.070 0.075 0.075 6769 JKGLAND 0.075 UNCH 100.1 0.075 18.29 1.33 170.6 0.125 0.080 0.110 0.105 3115 KBUNAI 0.105 UNCH 1799.5 0.105 116.67 — 606.5 0.761 0.537 — — 7323 KEN 0.580 — — — — 2.59 111.2 0.960 0.675 0.775 0.765 5038 KSL 0.770 UNCH 131.8 0.770 3.22 — 798.9 0.159 0.122 0.145 0.140 3174 L&G 0.145 UNCH 206.8 0.142 10.00 6.90 431.1 0.784 0.416 — — 8494 LBICAP 0.645 — — — 5.13 7.75 65.5 0.717 0.485 0.500 0.490 5789 LBS 0.490 -0.005 967.4 0.492 10.96 3.67 767.9 0.350 0.220 0.250 0.245 3573 LIENHOE 0.250 0.005 52.5 0.250 — — 90.4 1.250 0.800 — — 7617 MAGNA 1.040 — — — — — 348.3 0.997 0.740 0.765 0.740 8583 MAHSING 0.750 UNCH 9147.7 0.750 12.20 6.00 1,820.8 0.695 0.390 0.480 0.475 6181 MALTON 0.475 -0.005 422 0.475 9.33 4.21 250.9 1.959 1.720 1.900 1.870 5236 MATRIX 1.900 0.020 119.3 1.891 6.45 6.45 1,563.3 1.827 1.360 — — 7189 MBWORLD 1.640 — — — 5.37 4.94 258.1 0.770 0.195 0.230 0.225 5182 MCT 0.230 0.005 858.7 0.228 4.86 — 335.1 0.480 0.290 0.330 0.310 1694 MENANG 0.330 UNCH 11.6 0.323 — — 158.7 0.420 0.065 0.070 0.065 5040 MERIDIAN 0.065 UNCH 610.1 0.065 — — 35.7 0.310 0.180 0.275 0.255 8141 MJPERAK 0.275 0.020 472.9 0.263 18.21 — 70.7 1.410 1.110 1.240 1.220 6114 MKH 1.220 UNCH 29 1.234 9.15 2.87 715.6 0.210 0.160 0.170 0.165 8893 MKLAND 0.165 UNCH 58.8 0.169 31.73 — 199.2 0.165 0.070 — — 6548 MPCORP 0.090 — — — — — 25.9 1.125 0.558 0.745 0.730 1651 MRCB 0.740 UNCH 7871.7 0.738 91.36 2.36 3,264.9 0.540 0.350 — — 9539 MUH 0.400 — — — — — 22.6 0.255 0.160 0.195 0.175 3913 MUIPROP 0.190 0.010 12827.4 0.188 8.26 — 145.2 1.440 0.430 0.960 0.925 5073 NAIM 0.925 -0.030 5890.7 0.937 2.83 — 475.3 2.187 1.907 — — 5827 OIB 2.000 — — — 5.45 4.00 309.7 0.990 0.792 0.975 0.955 5053 OSK 0.960 -0.010 317.3 0.961 5.11 5.21 2,011.5 1.752 1.240 1.270 1.250 1724 PARAMON 1.270 0.020 298.4 1.252 9.90 4.95 770.5 0.460 0.300 — — 6912 PASDEC 0.355 — — — — — 142.1 0.015 0.005 0.010 0.005 4464 PHB 0.005 UNCH 998.2 0.008 — — 36.0 1.580 0.980 — — 7055 PLB 1.150 — — — 117.35 — 129.3 1.580 1.300 1.320 1.310 5075 PLENITU 1.310 -0.010 30.9 1.315 11.91 3.44 499.8 6.100 5.210 6.020 5.860 7765 RAPID 5.970 -0.110 38.9 5.970 190.73 — 638.2 0.840 0.540 0.560 0.555 4596 SAPRES 0.560 0.005 35.9 0.559 — — 78.2 0.517 0.371 0.405 0.390 5207 SBCCORP 0.390 -0.020 38.4 0.405 6.47 2.56 100.7 0.732 0.582 0.600 0.595 2224 SDRED 0.600 UNCH 6 0.599 10.02 3.33 255.7 0.400 0.285 — — 4286 SEAL 0.310 — — — 3.71 — 75.3 2.426 2.038 2.270 2.270 6017 SHL 2.270 -0.030 3.7 2.270 9.69 7.05 549.6 1.185 0.780 0.810 0.780 5288 SIMEPROP 0.795 -0.015 21751 0.793 36.30 2.52 5,406.7 0.215 0.130 0.150 0.135 4375 SMI 0.135 UNCH 127 0.140 42.19 — 28.3 0.480 0.190 0.205 0.205 5213 SNTORIA 0.205 UNCH 553.5 0.205 10.90 — 116.3 2.562 1.250 1.340 1.250 8664 SPSETIA 1.250 -0.080 10309.4 1.280 22.05 6.84 5,053.1 0.945 0.580 0.660 0.640 3743 SUNSURIA 0.650 -0.005 226.9 0.650 3.73 — 582.3 0.439 0.312 0.395 0.385 1538 SYMLIFE 0.385 -0.010 55.8 0.391 1.87 2.60 227.3 0.330 0.190 0.285 0.275 4022 TADMAX 0.285 UNCH 4353.7 0.279 12.13 — 223.4 0.264 0.222 0.240 0.225 5158 TAGB 0.240 0.010 79.9 0.230 25.00 6.67 1,277.2 0.055 0.025 0.035 0.035 2259 TALAMT 0.035 UNCH 2225.3 0.035 10.29 — 150.3 0.806 0.666 0.755 0.750 5191 TAMBUN 0.750 UNCH 55.1 0.751 6.40 6.53 325.1 0.085 0.040 0.055 0.055 2429 TANCO 0.055 UNCH 426.4 0.055 — — 44.9 0.280 0.175 0.185 0.185 7889 THRIVEN 0.185 UNCH 80.2 0.185 3.50 — 101.2 0.100 0.030 0.055 0.050 7079 TIGER 0.050 -0.005 2875.5 0.050 250.00 — 65.4 0.345 0.285 0.295 0.290 5239 TITIJYA 0.295 UNCH 296 0.291 11.35 0.85 397.0 0.868 0.754 0.830 0.820 5401 TROP 0.830 UNCH 141 0.825 7.24 3.25 1,220.4 1.020 0.620 0.710 0.685 5148 UEMS 0.690 -0.010 1067.5 0.697 28.05 — 3,130.8 2.350 1.733 1.910 1.900 5200 UOADEV 1.910 0.010 517.2 1.906 8.49 7.33 3,757.3 0.170 0.070 0.070 0.070 6378 WMG 0.070 -0.010 2.6 0.070 — — 29.8 0.995 0.650 — — 7003 Y&G 0.850 — — — 21.79 — 169.5 2.800 1.040 2.560 2.540 3158 YNHPROP 2.560 -0.010 75.8 2.556 67.72 — 1,354.2 0.705 0.165 0.205 0.190 7066 YONGTAI 0.195 -0.005 8150.9 0.194 — — 134.4 0.420 0.265 — — 2577 YTLLAND 0.285 — — — — — 240.6TRANSPORTATION & LOGISTICS 8.860 6.481 8.240 7.580 5014 AIRPORT 8.130 0.090 7517.2 7.959 30.07 1.72 13,489.2 1.400 1.120 1.250 1.250 8133 BHIC 1.250 UNCH 1.3 1.250 — 2.80 310.6 4.962 3.550 4.000 3.980 5032 BIPORT 4.000 0.040 3 3.987 11.32 4.00 1,840.0 0.425 0.265 0.280 0.280 7187 CHGP 0.280 -0.005 7 0.280 40.58 — 83.2 0.590 0.360 0.390 0.390 7117 CJCEN 0.390 -0.005 20 0.390 — 1.92 153.7 0.930 0.474 0.690 0.690 5136 COMPLET 0.690 UNCH 12 0.690 8.94 — 87.6 0.550 0.310 0.410 0.395 5259 EATECH 0.400 UNCH 1968.4 0.401 — — 201.6 0.718 0.497 0.610 0.610 7210 FREIGHT 0.610 UNCH 10 0.610 12.53 5.74 170.3 0.405 0.255 0.295 0.285 0078 GDEX 0.285 -0.005 1815.1 0.287 48.31 0.70 1,607.8 0.420 0.265 0.295 0.295 7676 GUNUNG 0.295 -0.030 33.3 0.295 — — 69.7 0.760 0.560 0.600 0.570 2062 HARBOUR 0.600 -0.030 50 0.592 10.40 1.67 240.2 0.065 0.030 0.050 0.045 7013 HUBLINE 0.050 UNCH 1570.5 0.046 38.46 — 191.0 0.540 0.270 0.340 0.340 5614 ILB 0.340 -0.005 0.4 0.340 — — 66.3 4.891 3.516 4.790 4.760 6645 LITRAK 4.770 -0.030 13.8 4.765 10.13 5.24 2,532.3 0.110 0.055 0.070 0.070 5078 M&G 0.070 UNCH 150 0.070 — — 50.7 0.785 0.410 0.700 0.680 5077 MAYBULK 0.685 -0.015 778.6 0.688 1.66 — 685.0 8.630 5.263 8.410 8.240 3816 MISC 8.300 -0.080 7274 8.320 23.31 3.61 37,049.5 1.250 0.780 1.080 1.020 2194 MMCCORP 1.080 0.040 4488.5 1.060 11.70 3.70 3,288.7 0.360 0.150 0.180 0.155 9806 NATWIDE 0.180 0.030 6.7 0.155 — — 22.2 0.045 0.025 0.035 0.025 6254 PDZ 0.035 0.005 3.5 0.028 — — 23.9 3.281 1.191 1.670 1.590 4634 POS 1.590 -0.070 2535.7 1.614 — 2.52 1,244.6 0.595 0.295 0.330 0.300 8346 PRKCORP 0.300 -0.035 106 0.307 — — 30.0 0.495 0.090 0.420 0.405 5145 SEALINK 0.415 0.010 2769.9 0.412 — — 207.5 0.980 0.795 — — 7053 SEEHUP 0.880 — — — — 3.58 70.8 1.500 1.176 1.420 1.420 6521 SURIA 1.420 0.030 0.1 1.420 9.96 3.82 491.1 0.345 0.225 0.235 0.235 5173 SYSCORP 0.235 0.005 25 0.235 — — 282.0 0.360 0.180 0.265 0.250 5149 TAS 0.260 -0.005 59.6 0.263 11.45 — 46.8 1.692 0.968 1.100 1.060 5140 TASCO 1.100 0.050 67.2 1.065 23.71 4.55 220.0

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

2 7

MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

0.935 0.420 0.480 0.470 8397 TNLOGIS 0.470 -0.005 813.3 0.472 — — 216.6 1.150 0.430 — — 7218 TOCEAN 0.500 — — — — — 20.5 4.440 3.172 4.440 4.340 5246 WPRTS 4.350 0.010 6463.4 4.380 24.97 3.00 14,833.5 0.921 0.243 0.515 0.490 5267 XINHWA 0.510 0.010 2351.7 0.504 38.06 1.96 110.2PLANTATION 0.210 0.110 0.115 0.115 7054 AASIA 0.115 0.005 2 0.115 — — 75.9 17.332 15.400 15.600 15.560 1899 BKAWAN 15.560 -0.100 9 15.577 18.34 3.53 6,783.4 7.540 5.700 — — 5069 BLDPLNT 5.720 — — — — — 534.8 1.012 0.600 0.610 0.600 5254 BPLANT 0.605 UNCH 832.2 0.604 48.02 9.09 1,355.2 0.736 0.490 0.505 0.500 8982 CEPAT 0.500 UNCH 62 0.502 — 3.00 159.2 6.986 6.030 6.250 6.250 1929 CHINTEK 6.250 -0.050 2 6.250 15.31 2.56 571.0 0.499 0.394 0.415 0.410 3948 DUTALND 0.415 UNCH 195 0.414 153.70 — 351.1 2.976 2.501 — — 5029 FAREAST 2.650 — — — — 1.13 1,573.7 1.440 0.630 1.100 1.060 5222 FGV 1.080 -0.010 10141.7 1.080 — — 3,940.0 10.631 8.935 10.100 9.800 2291 GENP 9.800 -0.280 736.7 9.859 78.97 1.20 8,794.1 0.450 0.335 0.400 0.400 7382 GLBHD 0.400 -0.025 10 0.400 — — 89.2 0.747 0.530 — — 2135 GOPENG 0.700 — — — 46.67 3.57 188.3 0.800 0.340 0.605 0.550 7501 HARNLEN 0.605 -0.010 60.2 0.557 — — 112.2 2.089 1.400 1.480 1.470 5138 HSPLANT 1.480 0.010 91.7 1.470 120.33 1.01 1,184.0 2.073 1.283 1.500 1.440 2216 IJMPLNT 1.490 0.020 5.6 1.484 — 1.34 1,312.1 0.694 0.550 0.610 0.595 2607 INCKEN 0.610 0.005 5 0.603 — 1.75 256.7 0.798 0.580 — — 6262 INNO 0.670 — — — 67.68 1.49 320.8 4.698 4.064 4.370 4.250 1961 IOICORP 4.250 -0.150 1119.2 4.286 42.29 1.88 26,709.7 0.685 0.430 0.495 0.480 4383 JTIASA 0.495 0.010 270.5 0.486 — 1.01 482.0 25.611 20.900 21.800 21.500 2445 KLK 21.500 -0.120 623.3 21.574 42.05 2.09 22,951.4 3.854 3.100 3.340 3.340 2453 KLUANG 3.340 UNCH 5.1 3.340 — 0.30 211.0 1.276 1.080 1.170 1.160 5027 KMLOONG 1.170 UNCH 15.2 1.169 24.32 5.13 1,094.4 0.425 0.345 0.360 0.350 1996 KRETAM 0.360 0.005 177.5 0.350 — — 837.9 1.050 0.620 — — 6572 KWANTAS 0.620 — — — — — 193.2 0.950 0.675 0.740 0.740 4936 MALPAC 0.740 -0.010 3.2 0.740 — 13.51 55.5 0.702 0.546 0.555 0.550 5026 MHC 0.550 -0.005 48 0.553 687.50 2.73 108.1 2.000 1.680 — — 5047 NPC 1.880 — — — — — 225.6 3.490 3.082 3.340 3.330 2038 NSOP 3.330 -0.010 2 3.335 — 1.80 233.8 0.465 0.245 0.260 0.255 1902 PINEPAC 0.255 UNCH 67.4 0.255 — — 38.2 1.310 0.645 0.675 0.650 9695 PLS 0.650 -0.040 14 0.657 — — 228.0 0.290 0.120 0.130 0.125 5113 RSAWIT 0.130 0.005 161 0.126 — — 184.4 3.454 2.732 2.820 2.820 2542 RVIEW 2.820 -0.010 1 2.820 655.81 1.42 182.9 3.178 2.740 2.900 2.850 2569 SBAGAN 2.850 -0.150 1 2.855 — 0.70 189.0 0.450 0.235 0.235 0.235 4316 SHCHAN 0.235 UNCH 2 0.235 — — 31.0 5.299 3.934 4.870 4.790 5285 SIMEPLT 4.810 -0.060 1311.4 4.813 94.69 2.14 33,114.8 2.791 1.919 2.200 2.160 5126 SOP 2.170 0.030 19 2.184 34.50 2.30 1,238.8 1.844 1.310 — — 5135 SWKPLNT 1.470 — — — 23.33 3.40 411.6 2.720 1.882 2.280 2.240 5012 TAANN 2.280 0.010 94.2 2.250 14.21 4.39 1,014.2 0.240 0.145 0.175 0.165 2054 TDM 0.175 0.005 187.4 0.170 — — 294.5 0.675 0.290 0.355 0.345 5112 THPLANT 0.350 0.005 882.1 0.349 — — 309.3 1.177 0.865 0.895 0.885 9059 TSH 0.885 UNCH 81.1 0.893 32.07 1.13 1,222.9 5.761 5.000 5.120 5.120 2593 UMCCA 5.120 UNCH 8.5 5.120 65.39 1.56 1,073.6 27.000 24.006 25.000 24.780 2089 UTDPLT 24.780 -0.220 42.1 24.988 15.72 1.61 5,157.6TELECOMMUNICATIONS & MEDIA 0.180 0.100 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 1.633 0.986 1.350 1.300 6399 ASTRO 1.310 -0.020 11933.6 1.313 11.13 6.11 6,830.8 5.219 3.125 4.280 4.210 6888 AXIATA 4.220 -0.050 1355.8 4.233 — 2.25 38,523.0 0.375 0.100 0.250 0.245 6025 BJMEDIA 0.250 -0.020 75.9 0.248 — — 58.8 5.050 3.852 4.770 4.650 6947 DIGI 4.690 -0.050 8075.3 4.694 24.24 4.07 36,464.8 0.310 0.180 0.185 0.185 0059 ECOHLDS 0.185 UNCH 40 0.185 11.71 — 58.0 0.775 0.300 0.755 0.735 0082 GPACKET 0.745 -0.005 3568.8 0.747 — — 686.6 5.756 4.964 5.470 5.420 6012 MAXIS 5.440 UNCH 1033.2 5.444 26.80 3.68 42,543.5 0.600 0.325 0.380 0.370 4502 MEDIA 0.375 0.005 209.1 0.372 — — 415.9 0.265 0.165 0.175 0.175 5090 MEDIAC 0.175 UNCH 139 0.175 — 6.69 295.3 0.665 0.400 0.625 0.600 0172 OCK 0.620 0.020 11509.3 0.615 19.87 — 540.3 0.434 0.300 — — 7190 PPG 0.300 — — — 46.15 1.67 30.0 0.285 0.160 0.170 0.170 5252 SASBADI 0.170 UNCH 310 0.170 89.47 — 71.2 0.700 0.450 0.520 0.520 9431 SJC 0.520 0.040 20 0.520 — — 21.1 0.837 0.505 0.510 0.510 6084 STAR 0.510 UNCH 71.8 0.510 — 5.88 376.7 9.350 7.329 9.350 9.220 5031 TIMECOM 9.270 0.040 1971.7 9.268 17.09 1.00 5,427.9 4.680 2.097 3.950 3.880 4863 TM 3.950 0.040 16933.7 3.930 47.25 0.51 14,874.1TECHNOLOGY 0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 0.170 0.115 0.135 0.125 5195 CENSOF 0.125 0.005 1140.1 0.127 416.67 — 62.7 0.265 0.160 0.175 0.165 0051 CUSCAPI 0.170 0.005 4487.1 0.170 — — 146.1 0.921 0.490 0.720 0.680 7204 D&O 0.700 0.010 10116.9 0.708 24.56 1.43 778.7 0.265 0.160 0.210 0.170 8338 DATAPRP 0.200 0.030 23318.9 0.194 — — 87.5 0.065 0.040 0.045 0.040 0029 DIGISTA 0.045 0.005 922 0.040 — — 29.6 0.383 0.192 0.285 0.270 4456 DNEX 0.280 0.010 11516.7 0.277 15.73 1.79 492.2 0.965 0.277 0.960 0.935 5216 DSONIC 0.945 UNCH 7807.2 0.949 29.53 2.38 1,275.8 0.660 0.380 0.460 0.425 5036 EDARAN 0.445 0.015 1026.4 0.449 — — 26.7 0.739 0.367 0.635 0.615 0065 EFORCE 0.620 -0.010 11199.4 0.622 40.26 2.02 381.5 1.414 0.747 1.010 0.975 0090 ELSOFT 0.995 0.015 5668.3 0.999 21.44 4.52 665.1 1.900 0.566 1.900 1.810 0128 FRONTKN 1.900 0.100 8863.9 1.867 30.25 0.95 2,001.5 0.210 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 1.800 1.240 1.400 1.380 0021 GHLSYS 1.390 UNCH 1148.2 1.387 38.08 — 1,041.4 0.775 0.300 0.755 0.735 0082 GPACKET 0.745 -0.005 3568.8 0.747 — — 686.6 0.300 0.176 0.275 0.270 0056 GRANFLO 0.270 -0.005 45.6 0.273 13.17 1.85 130.4 2.365 1.350 2.290 2.130 7022 GTRONIC 2.200 0.080 10761.3 2.221 25.85 1.25 1,472.8 1.440 0.340 1.140 1.060 5028 HTPADU 1.120 0.040 2007.8 1.107 — — 113.4 2.166 1.184 2.030 1.970 0166 INARI 2.010 0.010 22917.9 2.009 33.33 2.59 6,391.7 0.328 0.242 0.265 0.265 0192 INTA 0.265 UNCH 440.4 0.265 5.65 2.83 141.8 0.130 0.070 — — 9393 ITRONIC 0.090 — — — — — 12.0 0.280 0.155 0.190 0.180 5161 JCY 0.185 0.005 3178 0.186 — 2.70 384.2 13.178 6.660 7.720 7.620 9334 KESM 7.620 0.070 32.8 7.673 52.55 2.43 327.8 0.160 0.065 0.070 0.065 0143 KEYASIC 0.065 -0.005 1289.4 0.068 — — 61.8 0.405 0.310 — — 03022 MCOM 0.405 — — — 36.82 — 76.4 2.838 1.442 2.430 2.360 5286 MI 2.410 0.040 1505.1 2.411 26.54 2.49 1,205.0 1.119 0.576 0.890 0.835 0113 MMSV 0.850 -0.005 2975.3 0.865 25.45 2.35 173.2 12.273 8.330 10.820 10.440 3867 MPI 10.600 0.200 956.3 10.643 15.70 2.55 2,224.8 1.930 0.950 1.080 1.040 5011 MSNIAGA 1.070 UNCH 11 1.048 — — 64.6 1.725 0.779 1.310 1.160 0138 MYEG 1.260 0.010 84191.1 1.239 52.50 1.51 4,543.9 0.257 0.160 0.165 0.160 0041 MYSCM 0.165 UNCH 132.5 0.164 — — 52.6 0.805 0.460 0.805 0.745 0083 NOTION 0.750 -0.020 7904.2 0.779 7.08 1.33 249.9 0.450 0.320 0.415 0.410 9008 OMESTI 0.415 0.005 460 0.410 — — 198.6 4.920 1.532 4.740 4.550 7160 PENTA 4.660 0.090 1898.8 4.675 29.49 — 2,212.9 0.855 0.255 0.495 0.485 5204 PRESBHD 0.485 UNCH 7378.8 0.488 — 3.51 234.7 0.565 0.240 0.565 0.505 9075 THETA 0.550 0.045 2492.1 0.545 — — 59.0 0.025 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 138 0.012 — — 35.2 0.200 0.100 — — 4359 TURIYA 0.100 — — — — — 22.9 3.233 1.910 2.720 2.560 5005 UNISEM 2.560 -0.020 2320.2 2.643 23.53 3.22 1,878.6 1.940 1.100 1.940 1.840 5292 UWC 1.900 0.090 6361 1.893 19.23 — 696.9 8.400 5.667 8.280 8.210 0097 VITROX 8.250 -0.040 370.7 8.254 36.80 0.70 3,885.8 1.090 0.884 — — 5162 VSTECS 1.030 — — — 6.96 4.85 185.4 0.513 0.325 0.430 0.420 0008 WILLOW 0.420 -0.015 37 0.428 14.48 2.38 208.3UTILITIES 0.195 0.090 0.135 0.135 7471 EDEN 0.135 -0.005 279.3 0.135 — — 54.5 2.908 2.541 2.820 2.810 5209 GASMSIA 2.810 -0.010 10.8 2.816 19.79 4.91 3,608.0 0.923 0.695 0.835 0.800 5264 MALAKOF 0.800 -0.030 10242.5 0.806 13.61 7.43 4,000.0 4.480 2.973 4.470 4.340 3069 MFCB 4.410 0.070 1244.4 4.417 14.11 0.91 1,882.7 1.248 1.002 1.120 1.120 5041 PBA 1.120 UNCH 1 1.120 — 3.13 371.0 19.386 14.596 16.740 16.580 6033 PETGAS 16.660 0.020 237.1 16.628 17.95 4.32 32,965.7 1.440 0.720 1.230 1.210 5272 RANHILL 1.230 UNCH 1540.5 1.227 26.86 3.52 1,311.1 0.298 0.211 0.230 0.225 8567 SALCON 0.230 UNCH 302.4 0.228 54.76 — 194.8 1.013 0.845 0.935 0.920 8524 TALIWRK 0.930 UNCH 1921.4 0.928 20.90 5.16 1,874.7 14.415 10.994 13.900 13.640 5347 TENAGA 13.800 0.040 1739 13.769 25.80 3.84 78,479.1 1.250 0.910 0.950 0.935 4677 YTL 0.940 -0.010 4417.4 0.941 38.68 4.26 10,349.7 1.010 0.685 0.755 0.730 6742 YTLPOWR 0.735 -0.015 35226.2 0.737 12.27 6.80 5,996.3CLOSED-END FUNDS 2.760 2.300 2.430 2.400 5108 ICAP 2.430 0.010 99.1 2.417 79.67 — 340.2EXCHANGE TRADED FUNDS 1.222 1.100 — — 0800EA ABFMY1 1.216 — — — — 1.92 1,572.2 6.140 5.220 5.710 5.710 0829EA CHINAETF-MYR 5.710 UNCH 2.1 5.710 — — 9.4 1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 1.900 1.670 1.670 1.670 0820EA FBMKLCI-EA 1.670 -0.010 0.4 1.670 — 1.98 2.8 1.050 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 1.000 0.790 0.825 0.820 0825EA METFSID 0.825 0.005 13 0.824 — 2.41 72.6 1.180 0.900 — — 0827EA METFUS50 1.180 — — — — — 13.6 1.140 1.020 — — 0821EA MYETFDJ 1.045 — — — — 2.33 286.2 1.185 1.040 1.120 1.120 0824EA MYETFID 1.120 -0.010 0.1 1.120 — 2.46 44.4 1.950 1.750 — — 0822EA PAM-A40M 1.780 — — — — 3.85 4.8 1.690 1.450 — — 0823EA PAM-C50 1.530 — — — — — 10.9REAL ESTATE INVESTMENT TRUSTS 0.820 0.654 0.775 0.750 4952 AHP 0.760 -0.015 118.2 0.762 11.52 7.67 167.2 1.550 1.135 1.460 1.460 5116 ALAQAR 1.460 UNCH 1.6 1.460 11.81 6.06 1,074.5 0.919 0.719 0.870 0.865 5269 ALSREIT 0.865 -0.005 8.5 0.867 11.95 6.23 501.7 0.543 0.475 0.490 0.480 5120 AMFIRST 0.485 -0.005 420.6 0.484 15.70 8.12 332.9 0.834 0.755 0.770 0.770 5127 ARREIT 0.770 UNCH 130.6 0.770 33.33 7.49 441.4 1.215 1.030 1.050 1.050 5130 ATRIUM 1.050 UNCH 37.6 1.050 12.08 6.98 214.9 1.990 1.349 1.810 1.780 5106 AXREIT 1.800 0.020 2393.7 1.797 14.59 5.28 2,227.1 1.110 0.919 1.050 1.040 5180 CMMT 1.050 UNCH 70.4 1.046 24.19 6.41 2,154.3 1.116 0.955 1.000 0.985 5121 HEKTAR 1.000 0.015 23.5 0.992 15.22 8.34 462.0 2.100 1.534 1.960 1.920 5227 IGBREIT 1.940 0.020 2565.5 1.932 20.08 4.76 6,878.9 0.865 0.698 0.865 0.850 5280 KIPREIT 0.860 0.015 935.5 0.858 12.76 6.92 434.6 8.388 7.136 8.040 7.960 5235SS KLCC 7.960 -0.030 906.8 7.968 19.70 4.39 14,370.5 1.080 1.000 1.010 1.000 5123 MQREIT 1.010 0.010 28.8 1.004 16.78 7.14 1,082.5 1.900 1.466 1.790 1.770 5212 PAVREIT 1.770 -0.010 1683.1 1.772 18.48 4.99 5,382.7 1.980 1.534 1.870 1.850 5176 SUNREIT 1.860 UNCH 2808.6 1.860 14.07 5.16 5,477.8 0.909 0.813 0.855 0.855 5111 TWRREIT 0.855 0.005 5 0.855 25.99 6.94 239.8 1.425 1.187 1.240 1.210 5110 UOAREIT 1.210 -0.020 96.1 1.215 14.15 7.55 511.7 1.390 1.091 1.330 1.320 5109 YTLREIT 1.320 0.010 1549.9 1.320 21.46 5.86 2,249.8SPAC 0.51 0.480 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.155 0.056 0.095 0.090 5115 ALAM 0.090 UNCH 1324.6 0.093 — — 88.2 0.470 0.145 0.455 0.435 5210 ARMADA 0.445 0.005 91106.5 0.445 — — 2,615.1 0.145 0.025 0.030 0.030 7251 BARAKAH 0.030 -0.005 758 0.030 — — 25.1 1.370 0.212 1.250 1.200 5257 CARIMIN 1.210 -0.030 3286.1 1.217 9.82 2.48 283.0 1.370 0.735 1.080 1.020 5071 COASTAL 1.030 -0.010 394.5 1.049 37.45 — 547.8 0.025 0.005 0.010 0.010 0091 DAYA 0.010 UNCH 300 0.010 — — 20.4 2.200 0.500 1.930 1.860 5141 DAYANG 1.880 -0.050 12019.2 1.886 9.38 — 1,813.8 1.223 0.786 1.040 1.010 5132 DELEUM 1.020 -0.020 355.6 1.023 14.57 3.58 409.6 3.570 2.703 3.470 3.430 7277 DIALOG 3.470 0.030 7878.1 3.465 36.49 1.10 19,576.5 0.510 0.275 0.410 0.380 7253 HANDAL 0.380 -0.020 1433.2 0.394 — — 83.2 6.480 4.290 4.410 4.370 4324 HENGYUAN 4.370 -0.030 241.7 4.385 — — 1,311.0 1.300 0.760 0.955 0.925 5199 HIBISCS 0.935 -0.015 8854.1 0.933 6.46 — 1,485.0 0.300 0.115 0.150 0.135 2739 HUAAN 0.145 0.010 16902.3 0.144 16.48 — 162.7 0.140 0.035 0.040 0.035 5255 ICON 0.035 -0.005 19805.8 0.035 — — 41.2

Ace Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

0.470 0.070 0.470 0.445 7164 KNM 0.455 0.010 123546.6 0.456 — — 1,191.4 0.970 0.495 0.915 0.885 5186 MHB 0.890 -0.010 165.7 0.898 — — 1,424.0 1.580 0.334 1.460 1.350 5133 PENERGY 1.350 -0.090 1080.1 1.392 44.12 1.48 434.4 0.540 0.175 0.405 0.385 7108 PERDANA 0.395 UNCH 13565.6 0.394 — — 307.5 0.035 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3 7.464 4.920 4.990 4.940 3042 PETRONM 4.940 -0.050 41.2 4.974 7.68 4.05 1,333.8 0.460 0.165 0.200 0.190 5256 REACH 0.190 -0.010 4795.1 0.193 — — 208.3 0.398 0.251 0.280 0.265 5218 SAPNRG 0.270 -0.005 93570 0.272 — — 4,314.4 0.145 0.040 0.075 0.070 7158 SCOMI 0.075 0.005 1226.5 0.073 — — 82.0 0.140 0.030 0.090 0.085 7045 SCOMIES 0.090 UNCH 220.4 0.088 — — 210.8 4.529 3.453 4.340 4.220 5279 SERBADK 4.270 -0.030 4370.1 4.269 14.29 2.10 6,270.5 0.045 0.005 0.010 0.005 1201 SUMATEC 0.010 UNCH 6022.9 0.008 — — 42.5 0.579 0.297 0.460 0.445 7228 T7GLOBAL 0.460 0.010 458.9 0.455 50.55 1.09 230.7 0.075 0.025 0.065 0.060 7206 THHEAVY 0.065 UNCH 113.8 0.060 0.67 — 72.9 1.380 0.550 1.040 1.000 7250 UZMA 1.020 -0.010 4679 1.015 10.99 — 326.4 0.345 0.165 0.340 0.325 5243 VELESTO 0.330 -0.005 23786.5 0.330 — — 2,711.1 1.010 0.595 1.000 0.970 5142 WASEONG 0.990 0.020 7181.1 0.990 14.14 — 767.1 7.310 4.018 7.090 7.040 7293 YINSON 7.060 -0.020 657 7.060 40.41 0.85 7,723.7

MarketsB U R S A M A L A Y S I A M A I N M A R K E T . A C E M A R K E T

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

CONSUMER PRODUCTS & SERVICES 0.740 0.325 0.520 0.500 0098 BAHVEST 0.505 -0.015 5940.8 0.509 58.05 — 618.6 0.260 0.185 0.195 0.185 0179 BIOHLDG 0.190 -0.005 912 0.190 15.83 0.58 163.4 0.350 0.145 0.175 0.160 0205 DPIH 0.170 0.010 2053.7 0.168 7.83 — 82.7 0.410 0.095 0.410 0.370 0116 FOCUS 0.380 Unch 18621.8 0.385 — — 776.6 0.477 0.113 0.345 0.340 0157 FOCUSP 0.345 Unch 151.1 0.345 7.52 5.45 75.9 0.125 0.075 0.090 0.090 0074 GOCEAN 0.090 Unch 10 0.090 — — 26.1 0.090 0.035 0.075 0.070 0170 KANGER 0.075 0.005 1546.1 0.071 10.87 — 82.0 0.428 0.241 0.315 0.300 0210 KHJB 0.310 0.015 1528.5 0.309 11.88 — 117.8 0.200 0.130 0.150 0.150 0180 KTC 0.150 0.005 213 0.150 6.44 — 76.5 0.155 0.090 0.105 0.095 0182 LKL 0.100 Unch 229.8 0.098 — — 42.9 0.250 0.100 0.135 0.130 0140 MACPIE 0.130 -0.005 63.6 0.130 — — 45.9 0.665 0.277 0.640 0.610 0201 NOVA 0.620 0.010 1788.6 0.630 16.80 0.81 197.0 0.150 0.100 — — 0153 OVERSEA 0.150 — — — — — 37.0 0.125 0.060 0.085 0.075 0022 PARLO 0.075 Unch 11267.9 0.078 — — 27.3 0.400 0.185 0.195 0.190 0171 PLABS 0.195 0.005 29 0.191 10.83 — 41.9 0.539 0.434 0.500 0.500 0158 SCC 0.500 Unch 22 0.500 11.39 6.80 70.6 0.270 0.205 0.220 0.210 0212 SDS 0.215 Unch 4451.2 0.215 — — 87.3 0.205 0.075 0.155 0.140 0148 SUNZEN 0.145 -0.015 229.6 0.147 — — 77.6 0.378 0.255 0.275 0.265 0197 WEGMANS 0.275 Unch 237.1 0.272 8.73 1.82 137.5 0.260 0.120 0.250 0.245 0095 XINGHE 0.250 Unch 2316.6 0.250 — — 141.7INDUSTRIAL PRODUCTS & SERVICES 0.300 0.210 — — 0122 AIM 0.260 — — — — — 69.2 0.095 0.055 0.065 0.065 0105 ASIAPLY 0.065 Unch 95 0.065 — 7.69 29.7 0.075 0.040 0.070 0.065 0072 AT 0.070 0.005 18032.7 0.068 — — 32.5 0.230 0.135 0.145 0.145 0187 BCMALL 0.145 Unch 139.6 0.145 10.00 1.38 61.1 0.245 0.130 0.140 0.140 0163 CAREPLS 0.140 -0.005 100 0.140 — — 74.4 0.150 0.075 — — 0102 CONNECT 0.080 — — — — — 26.3 0.260 0.180 — — 0190 ESAFE 0.230 — — — 41.82 7.83 55.3 0.200 0.099 — — 0100 ESCERAM 0.175 — — — 47.30 3.43 36.0 0.548 0.320 0.385 0.360 0039 GFM 0.375 0.015 3259.8 0.372 13.79 2.93 176.8 0.195 0.105 — — 0175 HHGROUP 0.135 — — — — — 45.8 0.155 0.080 0.115 0.095 0160 HHHCORP 0.115 0.020 2072.6 0.105 13.22 — 38.3 0.260 0.115 0.190 0.170 0188 HLT 0.190 -0.005 17.2 0.171 — — 97.3 0.085 0.035 0.035 0.035 0024 JAG 0.035 Unch 118.5 0.035 — — 53.1 0.590 0.178 0.590 0.510 0193 KAB 0.555 0.035 3782 0.551 24.89 1.80 196.5 0.145 0.080 — — 0167 MCLEAN 0.130 — — — — — 23.2 0.225 0.090 0.125 0.100 0081 MEGASUN 0.120 0.015 2435.6 0.117 46.15 — 30.1 0.210 0.105 0.150 0.135 0207 MESTRON 0.145 Unch 11833.6 0.142 — — 114.6 0.700 0.405 0.520 0.485 0213 MTAG 0.510 0.025 94291.6 0.507 9.50 — 347.6 0.100 0.035 0.045 0.040 0177 PASUKGB 0.045 Unch 255 0.040 — — 36.6 0.175 0.105 — — 0038 PTB 0.115 — — — — — 21.4 0.350 0.165 0.210 0.200 0196 QES 0.205 Unch 7519.5 0.205 20.10 — 155.5 0.180 0.040 0.050 0.045 0133 SANICHI 0.050 Unch 3101.9 0.048 — — 55.4 0.160 0.090 0.105 0.100 0161 SCH 0.100 -0.005 166 0.102 — — 55.6 0.982 0.429 0.910 0.875 0001 SCOMNET 0.880 -0.005 4470.2 0.898 33.85 1.14 565.8 0.290 0.115 — — 0028 SCOPE 0.150 — — — — 3.33 92.9 0.120 0.075 — — 0055 SERSOL 0.095 — — — — — 20.5 0.580 0.260 0.320 0.280 0211 TASHIN 0.310 0.035 5723.7 0.306 8.20 — 108.2 0.439 0.237 0.395 0.380 0084 TECFAST 0.390 0.005 751.5 0.384 27.46 2.56 89.0 0.589 0.325 0.385 0.345 0089 TEXCYCL 0.365 0.020 3148.1 0.367 14.26 1.64 93.5 0.365 0.215 0.365 0.350 0162 WIDAD 0.365 0.010 13978.4 0.359 36.87 — 895.9 0.170 0.110 0.115 0.115 0025 YBS 0.115 -0.005 40.1 0.115 15.75 — 27.8TECHNOLOGY 0.345 0.175 0.300 0.290 0181 AEMULUS 0.290 Unch 4040.1 0.295 193.33 0.69 159.3 0.150 0.075 0.110 0.105 0119 APPASIA 0.110 0.005 606.2 0.110 — — 38.0 0.300 0.130 0.145 0.145 0068 ASDION 0.145 Unch 62 0.145 — — 18.5 0.430 0.200 0.400 0.375 0195 BINACOM 0.375 -0.010 3607.1 0.387 18.20 2.67 97.5 0.313 0.180 0.210 0.200 0191 CABNET 0.210 0.010 44.4 0.201 8.14 3.81 37.5 0.170 0.090 0.130 0.115 0152 DGB 0.120 -0.005 4623 0.120 — — 90.7 0.105 0.065 0.090 0.090 0131 DGSB 0.090 Unch 2093.3 0.090 36.00 — 67.1 0.025 0.005 0.010 0.010 0154 EAH 0.010 -0.005 670.4 0.010 — — 50.7 0.069 0.014 0.035 0.030 0107 EDUSPEC 0.030 -0.005 1075.6 0.031 — — 38.0 2.015 1.040 1.130 1.130 0104 GENETEC 1.130 -0.070 15.2 1.130 38.05 4.42 47.8 0.100 0.045 0.070 0.065 0045 GNB 0.070 0.005 139.3 0.067 — — 20.2 2.020 0.635 1.960 1.920 0208 GREATEC 1.940 0.020 1575.1 1.942 25.39 — 1,214.4 0.035 0.015 0.025 0.025 0174 IDMENSN 0.025 Unch 50 0.025 — — 6.8 0.506 0.180 0.370 0.310 0023 IFCAMSC 0.360 0.055 48259.1 0.342 19.78 2.78 219.0 0.120 0.045 0.060 0.055 0094 INIX 0.060 Unch 2359.7 0.059 — — 16.3 0.195 0.125 0.145 0.140 0010 IRIS 0.140 -0.005 2133 0.143 12.73 — 415.3 0.275 0.150 0.260 0.245 0209 ISTONE 0.255 0.005 29120.1 0.254 20.73 — 311.5 0.970 0.640 0.920 0.880 0146 JFTECH 0.920 0.030 90.4 0.897 57.86 0.54 193.2 1.410 0.805 1.370 1.340 0127 JHM 1.340 -0.010 1233.2 1.348 20.21 1.49 747.2 0.292 0.185 0.235 0.210 0111 K1 0.220 0.015 17693.3 0.225 19.47 — 160.4 0.080 0.030 0.035 0.030 0036 KGROUP 0.035 0.005 201.4 0.035 — — 18.2 0.684 0.496 0.655 0.640 0176 KRONO 0.640 Unch 5040 0.646 13.68 3.13 313.1 0.160 0.045 0.050 0.045 0018 LAMBO 0.050 -0.005 1230.1 0.050 6.49 — 105.1 0.545 0.275 0.370 0.350 0075 LYC 0.355 -0.010 487.5 0.359 — — 118.2 0.065 0.035 — — 0017 M3TECH 0.045 — — — — — 26.4 0.425 0.205 0.315 0.305 0155 MGRC 0.310 Unch 102.7 0.305 — — 32.1 0.700 0.305 0.555 0.555 0126 MICROLN 0.555 -0.005 18 0.555 32.46 — 92.9 0.285 0.175 0.200 0.190 0112 MIKROMB 0.200 0.005 24.4 0.196 20.41 4.00 117.8 0.065 0.035 0.045 0.040 0085 MLAB 0.045 Unch 418 0.042 — — 30.2 0.390 0.200 0.390 0.370 0034 MMAG 0.380 Unch 1135.3 0.381 — — 271.2 0.125 0.020 0.030 0.020 0103 MNC 0.025 Unch 56036.1 0.025 — — 25.0 0.145 0.090 0.100 0.095 0156 MPAY 0.100 0.005 461.9 0.100 — — 71.0 0.050 0.020 0.025 0.020 0070 MQTECH 0.025 Unch 487 0.021 — — 16.1 0.130 0.050 0.095 0.090 0092 MTOUCHE 0.095 Unch 2407.1 0.090 — — 48.3 1.101 0.691 0.730 0.725 0108 N2N 0.725 Unch 120.8 0.727 29.23 2.76 433.5 0.025 0.005 0.025 0.020 0020 NETX 0.025 0.005 17742.3 0.023 — — 81.8 0.025 0.010 0.015 0.015 0096 NEXGRAM 0.015 Unch 18317.3 0.015 — — 31.1 0.170 0.075 0.090 0.080 0026 NOVAMSC 0.085 0.005 3902.8 0.085 — — 63.9 0.840 0.435 0.810 0.775 0035 OPCOM 0.790 0.010 11348.9 0.798 — 4.11 127.4 0.355 0.267 0.340 0.335 0040 OPENSYS 0.335 -0.005 386.8 0.335 10.06 3.73 99.8 0.230 0.075 0.105 0.095 0079 ORION 0.100 Unch 2006 0.100 31.25 — 70.7 0.645 0.240 — — 0006 PINEAPP 0.330 — — — — — 16.0 0.090 0.045 0.055 0.055 0123 PRIVA 0.055 0.005 200 0.055 — — 30.7 1.730 0.867 1.710 1.640 0200 REVENUE 1.680 0.040 6850.7 1.679 43.30 — 392.5 0.750 0.525 0.675 0.640 0106 REXIT 0.675 0.035 11.1 0.646 15.38 4.44 127.8 0.335 0.200 0.295 0.285 0202 RGTECH 0.285 Unch 3691.9 0.290 50.00 — 149.7 0.310 0.090 0.170 0.155 0178 SEDANIA 0.160 0.005 2030.6 0.164 — — 39.7 0.610 0.370 0.510 0.470 0203 SMETRIC 0.500 0.020 45 0.490 151.52 — 121.8 0.145 0.085 0.095 0.085 0117 SMRT 0.090 -0.005 471 0.089 — — 36.6 0.280 0.055 0.125 0.110 0169 SMTRACK 0.120 Unch 7527 0.120 — — 19.7 0.130 0.080 0.085 0.080 0093 SOLUTN 0.085 Unch 72 0.081 — — 26.0 0.340 0.195 0.225 0.220 0129 SRIDGE 0.220 Unch 866.8 0.223 — — 30.9 0.285 0.155 0.180 0.175 0050 SYSTECH 0.180 Unch 197.8 0.180 — 1.11 62.6 0.125 0.045 0.070 0.065 0132 TDEX 0.070 0.005 1438.9 0.069 — — 41.3 0.145 0.070 — — 0145 TFP 0.070 — — — — — 14.6 0.335 0.125 0.140 0.135 0005 UCREST 0.135 Unch 1308.6 0.135 — — 62.6 0.330 0.108 0.165 0.150 0060 VC 0.165 0.015 826.2 0.159 — — 64.4 0.628 0.305 0.485 0.460 0120 VIS 0.465 -0.005 5050.8 0.472 18.16 2.15 78.7 0.030 0.015 0.015 0.015 0069 VIVOCOM 0.015 -0.005 185 0.015 — — 85.0 0.255 0.055 0.060 0.055 0066 VSOLAR 0.055 -0.005 3776.8 0.056 — — 21.2 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.145 0.100 0.140 0.120 0086 YGL 0.135 0.015 965.7 0.134 — — 31.4TELECOMMUNICATIONS & MEDIA 0.430 0.200 0.400 0.375 0195 BINACOM 0.375 -0.010 3607.1 0.387 18.20 2.67 97.5 0.720 0.400 — — 0147 INNITY 0.450 — — — 29.41 — 62.6 0.065 0.035 — — 0017 M3TECH 0.045 — — — — — 26.4 0.125 0.020 0.030 0.020 0103 MNC 0.025 Unch 56036.1 0.025 — — 25.0 0.130 0.050 0.095 0.090 0092 MTOUCHE 0.095 Unch 2407.1 0.090 — — 48.3 0.025 0.010 0.015 0.015 0096 NEXGRAM 0.015 Unch 18317.3 0.015 — — 31.1 0.840 0.435 0.810 0.775 0035 OPCOM 0.790 0.010 11348.9 0.798 — 4.11 127.4 0.090 0.045 0.055 0.055 0123 PRIVA 0.055 0.005 200 0.055 — — 30.7 0.165 0.050 0.060 0.050 0007 PUC 0.055 Unch 108061.4 0.055 12.50 — 123.9 0.595 0.146 0.565 0.545 0032 REDTONE 0.550 Unch 4641 0.555 22.54 — 417.4 0.295 0.125 0.135 0.135 0173 REV 0.135 Unch 30 0.135 — — 18.2 0.310 0.090 0.170 0.155 0178 SEDANIA 0.160 0.005 2030.6 0.164 — — 39.7 0.340 0.195 0.225 0.220 0129 SRIDGE 0.220 Unch 866.8 0.223 — — 30.9 0.065 0.040 0.050 0.045 0165 XOX 0.045 -0.005 1434 0.047 — — 49.2FINANCIAL SERVICES 0.075 0.040 0.045 0.045 0150 FINTEC 0.045 Unch 305 0.045 1.66 — 28.6 0.600 0.390 0.410 0.410 0053 OSKVI 0.410 0.005 4.6 0.410 — — 81.0HEALTH CARE 0.245 0.130 0.140 0.140 0163 CAREPLS 0.140 -0.005 100 0.140 — — 74.4 0.155 0.090 0.105 0.095 0182 LKL 0.100 Unch 229.8 0.098 — — 42.9 0.425 0.205 0.315 0.305 0155 MGRC 0.310 Unch 102.7 0.305 — — 32.1 0.665 0.277 0.640 0.610 0201 NOVA 0.620 0.010 1788.6 0.630 16.80 0.81 197.0TRANSPORTATION & LOGISTICS 0.110 0.050 0.060 0.050 0048 ANCOMLB 0.050 -0.005 54 0.050 — — 23.7 0.285 0.195 0.220 0.210 0080 STRAITS 0.215 Unch 1449.5 0.215 20.28 — 139.9 0.500 0.295 0.320 0.320 0199 TRIMODE 0.320 Unch 3 0.320 15.38 3.13 53.1CONSTRUCTION 0.365 0.205 0.345 0.335 0198 GDB 0.345 Unch 874.7 0.340 8.12 5.80 215.6 0.392 0.230 0.260 0.245 0206 NADIBHD 0.255 0.010 1654.5 0.253 6.04 — 192.0 0.050 0.010 0.030 0.025 0109 SCBUILD 0.030 Unch 1.2 0.026 16.67 — 26.5PLANTATION 0.080 0.065 0.065 0.065 0189 MATANG 0.065 Unch 272 0.065 72.22 3.08 117.7UTILITIES 0.347 0.172 0.215 0.215 0011 BTECH 0.215 Unch 78 0.215 13.19 7.44 54.2

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

MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.470 0.095 0.100 0.100 70340 A50CHIN-C40 0.100 -0.025 100 7.962 8.425 8.33 26/11/2019 0.555 0.220 0.335 0.285 70342 A50CHIN-C42 0.285 -0.045 2514.6 7.962 7.999 5.83 31/12/2019 0.150 0.095 0.120 0.095 70344 A50CHIN-C44 0.095 -0.030 50 7.962 8.959 16.10 20/02/2020 0.410 0.020 0.365 0.310 70350 A50CHIN-C50 0.310 -0.045 1715.4 7.962 8.265 9.65 31/03/2020 0.325 0.235 0.265 0.265 70337 A50CHIN-H37 0.265 0.025 50 7.962 7.465 -1.24 29/04/2020 0.080 0.005 0.010 0.010 5238WA AAX-WA 0.010 Unch 1172.4 0.160 0.460 193.75 08/06/2020 0.005 0.005 — — 2488CZ ABMB-CZ 0.005 — — 0.090 4.180 4,567. 09/12/2019 0.265 0.075 0.150 0.150 509984 AIRASIAC84 0.150 Unch 3 1.910 1.642 2.09 28/02/2020 0.275 0.070 0.140 0.135 509985 AIRASIAC85 0.135 0.005 50 1.910 1.711 3.10 20/12/2019 0.200 0.050 0.090 0.090 509986 AIRASIAC86 0.090 0.005 100 1.910 2.053 17.14 31/01/2020 0.100 0.025 0.045 0.045 509988 AIRASIAC88 0.045 -0.005 40 1.910 2.053 13.11 29/05/2020 0.095 0.050 0.090 0.090 509992 AIRASIAC92 0.090 Unch 1039.8 1.910 1.950 14.35 31/03/2020 0.100 0.065 0.100 0.100 509994 AIRASIAC94 0.100 0.005 149.9 1.910 1.980 19.37 30/10/2020 0.205 0.065 0.105 0.065 501410 AIRPORT-C10 0.095 Unch 403.6 8.130 8.200 9.04 31/01/2020 0.145 0.090 0.110 0.090 501411 AIRPORT-C11 0.110 -0.030 203.5 8.130 8.800 21.77 31/07/2020 0.145 0.070 0.080 0.070 501412 AIRPORT-C12 0.080 -0.065 137 8.130 8.800 16.11 26/03/2020 0.140 0.060 0.090 0.060 501413 AIRPORT-C13 0.085 0.005 17056.7 8.130 9.000 18.54 31/03/2020 0.110 0.110 0.110 0.110 501414 AIRPORT-C14 0.110 -0.040 79.9 8.130 8.500 18.08 30/09/2020 0.205 0.010 0.010 0.010 5014C6 AIRPORT-C6 0.010 -0.020 55 8.130 8.300 3.20 23/10/2019 0.200 0.040 0.080 0.040 5014C8 AIRPORT-C8 0.080 0.010 9459.9 8.130 8.000 4.31 29/11/2019 0.185 0.070 0.105 0.070 5014C9 AIRPORT-C9 0.100 0.010 1379.7 8.130 8.000 8.24 30/04/2020 0.170 0.045 0.055 0.055 7609WA AJIYA-WA 0.055 Unch 9 0.405 0.920 140.74 28/08/2021 0.070 0.035 0.050 0.045 5115WA ALAM-WA 0.045 Unch 1346.1 0.090 0.120 83.33 28/03/2022 0.031 0.005 — — 101515 AMBANK-C15 0.005 — — 1.035 5.180 401.93 04/11/2019 0.005 0.005 — — 9342WA ANZO-WA 0.005 — — 0.020 0.250 1,175. 19/11/2019 0.035 0.015 0.015 0.015 9342WB ANZO-WB 0.015 Unch 240 0.020 0.250 1,225. 25/08/2023 0.015 0.005 — — 9342WC ANZO-WC 0.005 — — 0.020 0.200 925.00 18/06/2020 0.080 0.030 0.050 0.045 0119WA APPASIA-WA 0.045 Unch 450 0.110 0.130 59.09 23/12/2024 0.025 0.015 — — 7007WB ARK-WB 0.025 — — 0.255 1.000 301.96 30/06/2021 0.450 0.090 0.450 0.430 521051 ARMADA-C51 0.430 Unch 143.9 0.445 0.235 1.12 30/06/2020 0.215 0.065 0.215 0.210 521052 ARMADA-C52 0.210 0.010 403 0.445 0.300 14.61 11/02/2020 0.205 0.075 0.205 0.195 521053 ARMADA-C53 0.200 0.025 2066 0.445 0.280 7.87 27/04/2020 0.120 0.050 0.050 0.050 639915 ASTRO-C15 0.050 -0.005 167 1.310 1.400 18.32 31/01/2020 0.095 0.025 0.025 0.025 639916 ASTRO-C16 0.025 -0.005 40 1.310 1.680 32.06 06/01/2020 0.155 0.075 0.080 0.075 639918 ASTRO-C18 0.080 -0.005 352 1.310 1.400 16.03 30/06/2020 0.285 0.140 0.165 0.150 7579WA AWC-WA 0.150 -0.015 83.7 0.610 0.880 68.85 25/12/2023 0.295 0.085 0.095 0.090 688836 AXIATA-C36 0.095 Unch 120.8 4.220 3.750 1.24 23/10/2019 0.180 0.050 0.050 0.050 688839 AXIATA-C39 0.050 Unch 390 4.220 4.880 23.34 31/01/2020 0.100 0.025 0.025 0.025 688844 AXIATA-C44 0.025 Unch 7021.5 4.220 5.380 31.04 14/02/2020 0.120 0.055 0.060 0.060 688845 AXIATA-C45 0.060 Unch 120 4.220 4.880 27.01 28/08/2020 0.145 0.120 0.125 0.120 688846 AXIATA-C46 0.120 -0.015 80 4.220 4.000 11.85 31/03/2020 0.330 0.085 0.175 0.175 7078WA AZRB-WA 0.175 Unch 5 0.360 0.630 123.61 13/05/2024 0.485 0.170 0.315 0.300 0098WA BAHVEST-WA 0.305 -0.010 1649 0.505 0.430 45.54 20/08/2024 0.095 0.030 0.065 0.055 4162CP BAT-CP 0.065 0.005 2302.4 19.819 23.500 26.77 15/05/2020 0.140 0.070 0.105 0.100 4162CQ BAT-CQ 0.105 0.005 1069.2 19.820 20.000 22.10 28/08/2020 0.155 0.105 0.155 0.150 4162CR BAT-CR 0.155 0.010 160 19.820 22.000 30.55 30/10/2020 0.140 0.070 0.115 0.110 4162CS BAT-CS 0.115 0.005 601 19.820 19.800 17.31 22/05/2020 0.395 0.115 0.285 0.275 5258WA BIMB-WA 0.280 Unch 863.8 4.200 4.720 19.05 04/12/2023 0.055 0.015 0.020 0.020 6998WA BINTAI-WA 0.020 Unch 10 0.125 0.200 76.00 15/06/2020 0.070 0.025 0.035 0.030 3395WB BJCORP-WB 0.035 0.005 23 0.240 1.000 331.25 22/04/2022 0.095 0.050 0.055 0.050 3395WC BJCORP-WC 0.055 Unch 101 0.240 1.000 339.58 29/05/2026 0.200 0.080 0.090 0.090 1562CZ BJTOTO-CZ 0.090 Unch 120 2.550 2.600 9.02 28/02/2020 0.025 0.010 0.015 0.015 7036WC BORNOIL-WC 0.015 0.005 205 0.045 0.070 88.89 08/11/2025 0.025 0.015 0.020 0.020 7036WD BORNOIL-WD 0.020 0.005 2 0.045 0.070 100.00 29/05/2027 0.045 0.005 — — 7188WA BTM-WA 0.005 — — 0.090 0.940 950.00 20/12/2019 0.215 0.040 0.050 0.050 181824 BURSA-C24 0.050 Unch 9.9 6.190 6.500 8.24 30/04/2020 0.115 0.020 0.020 0.020 181826 BURSA-C26 0.020 -0.005 40 6.190 6.880 12.76 14/02/2020 0.520 0.210 0.290 0.285 7174WA CAB-WA 0.285 0.020 39.3 0.465 0.170 -2.15 08/02/2020 0.380 0.150 0.265 0.255 7154WA CAELY-WA 0.255 -0.005 288.3 0.445 0.190 0.00 22/04/2021 0.110 0.005 — — 7076WA CBIP-WA 0.005 — — 0.485 2.400 395.88 06/11/2019 0.175 0.070 0.095 0.095 7035WA CCK-WA 0.095 0.005 755.4 0.515 0.900 93.20 18/06/2023 0.500 0.190 0.255 0.255 5738WB CHHB-WB 0.255 -0.045 0.5 1.330 1.200 9.40 20/12/2023 0.110 0.030 0.040 0.040 102348 CIMB-C48 0.040 0.005 25 5.000 5.200 8.80 31/01/2020 0.075 0.005 — — 102349 CIMB-C49 0.005 — — 0.839 5.880 603.81 04/11/2019 0.065 0.060 0.065 0.060 102357 CIMB-C57 0.060 Unch 200 5.000 5.880 23.00 07/09/2020 0.090 0.010 0.015 0.015 285217 CMSB-C17 0.015 Unch 205 2.470 3.150 29.35 14/02/2020 0.440 0.175 0.270 0.265 5276WA DANCO-WA 0.265 -0.005 267 0.530 0.300 6.60 22/05/2022 0.140 0.130 0.140 0.130 5141C1 DAYANG-C1 0.130 Unch 960 1.880 2.000 34.04 07/09/2020 0.245 0.150 0.180 0.170 5141CY DAYANG-CY 0.170 -0.010 484.4 1.880 1.880 27.13 30/10/2020 0.010 0.005 0.010 0.005 7179WB DBE-WB 0.010 0.005 580 0.030 0.050 100.00 22/01/2022 0.140 0.030 0.065 0.060 3484WA DBHD-WA 0.060 -0.005 3.5 0.420 0.580 52.38 27/11/2020 0.065 0.005 0.020 0.015 0152WB DGB-WB 0.020 Unch 1205.1 0.120 0.120 16.67 27/06/2021 0.145 0.095 0.100 0.100 727752 DIALOG-C52 0.100 -0.005 10 3.470 3.800 17.29 30/04/2020 0.140 0.050 0.055 0.050 694729 DIGI-C29 0.055 -0.005 350.1 4.690 4.800 7.04 31/03/2020 0.140 0.060 0.085 0.085 694730 DIGI-C30 0.085 Unch 10 4.690 4.600 8.96 30/04/2020 0.040 0.015 0.020 0.015 0029WB DIGISTA-WB 0.015 -0.005 48.2 0.045 0.260 511.11 04/04/2023 0.135 0.045 0.065 0.060 4456WD DNEX-WD 0.065 0.005 4340.5 0.280 0.500 101.79 30/07/2021 0.415 0.100 0.145 0.145 7114WA DNONCE-WA 0.145 Unch 65.3 0.400 0.250 -1.25 25/11/2020 0.060 0.015 — — 5265WA DOLPHIN-WA 0.020 — — 0.100 0.800 720.00 29/03/2021 0.050 0.015 0.025 0.025 7198WB DPS-WB 0.025 Unch 180 0.060 0.100 108.33 15/01/2025 0.590 0.095 0.295 0.290 161970 DRBHCOMC70 0.295 0.005 100 2.360 1.800 1.27 31/10/2019 0.330 0.065 0.140 0.140 161975 DRBHCOMC75 0.140 -0.005 32.5 2.360 2.000 2.54 31/12/2019 0.320 0.110 0.120 0.120 161977 DRBHCOMC77 0.120 0.005 1200 2.360 2.100 4.24 26/11/2019 0.285 0.060 0.110 0.110 161979 DRBHCOMC79 0.110 -0.005 40 2.360 2.200 7.20 28/02/2020 0.215 0.050 0.055 0.055 161981 DRBHCOMC81 0.055 Unch 50 2.360 2.700 20.93 20/12/2019 0.310 0.090 0.110 0.105 161982 DRBHCOMC82 0.110 Unch 124.5 2.360 2.100 2.97 29/11/2019 0.260 0.115 0.125 0.125 161983 DRBHCOMC83 0.125 -0.005 100 2.360 2.100 10.17 29/05/2020 0.180 0.050 0.055 0.050 161985 DRBHCOMC85 0.055 Unch 237.4 2.360 2.880 29.03 28/02/2020 0.195 0.055 0.060 0.060 161986 DRBHCOMC86 0.060 Unch 1000 2.360 3.080 37.63 31/03/2020 0.265 0.105 0.110 0.110 161987 DRBHCOMC87 0.110 Unch 80 2.360 2.480 19.07 30/04/2020 0.190 0.060 0.070 0.070 161989 DRBHCOMC89 0.070 Unch 110 2.360 2.700 23.31 30/06/2020 0.125 0.090 0.095 0.095 161991 DRBHCOMC91 0.095 Unch 1398.4 2.360 2.880 34.11 28/08/2020 0.145 0.110 0.120 0.115 161992 DRBHCOMC92 0.120 0.005 226 2.360 2.300 14.24 16/03/2020 0.125 0.105 0.115 0.110 161994 DRBHCOMC94 0.115 0.005 379.7 2.360 2.600 23.81 30/04/2020 0.475 0.050 0.465 0.455 5216WA DSONIC-WA 0.465 0.010 2124.2 0.945 1.090 64.55 05/07/2023 0.850 0.160 0.180 0.165 7165WA DWL-WA 0.170 -0.005 87.5 0.515 0.600 49.51 07/04/2021 0.090 0.025 0.030 0.030 5178WA DYNACIA-WA 0.030 Unch 44.2 0.075 0.120 100.00 26/12/2023 0.010 0.005 — — 0154WD EAH-WD 0.005 — — 0.010 0.050 450.00 25/10/2022 0.015 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 646.9 0.010 0.035 350.00 22/04/2023 0.320 0.070 0.185 0.180 5253WA ECONBHD-WA 0.185 0.005 693.1 0.700 1.250 105.00 02/01/2023 0.030 0.005 0.015 0.010 8206CV ECOWLD-CV 0.010 Unch 153.5 0.680 0.880 32.35 30/04/2020 0.110 0.095 0.110 0.105 8206CW ECOWLD-CW 0.105 0.005 1000 0.680 0.800 37.72 30/04/2020 0.300 0.120 0.150 0.150 8206WA ECOWLD-WA 0.150 Unch 290 0.680 2.080 227.94 26/03/2022 0.080 0.030 0.045 0.045 7471WB EDEN-WB 0.045 Unch 110.5 0.135 0.300 155.56 13/08/2021 0.015 0.010 0.015 0.010 0107WB EDUSPEC-WB 0.015 Unch 1168.2 0.030 0.050 116.67 30/09/2024 0.220 0.060 0.090 0.080 8907WC EG-WC 0.085 Unch 287.4 0.400 0.500 46.25 03/11/2020 0.150 0.075 0.090 0.090 8877C1 EKOVEST-C1 0.090 Unch 120 0.780 0.950 39.10 31/03/2020 0.145 0.065 0.075 0.070 8877CX EKOVEST-CX 0.070 -0.005 390 0.780 0.880 30.77 30/04/2020 0.155 0.075 0.090 0.085 8877CY EKOVEST-CY 0.085 -0.005 475 0.780 0.830 28.21 29/05/2020 0.085 0.045 0.045 0.045 8877CZ EKOVEST-CZ 0.045 Unch 59 0.780 1.000 42.05 11/02/2020 0.215 0.115 0.185 0.180 7249WB EWEIN-WB 0.180 -0.010 2004.2 0.610 0.800 60.66 24/09/2022 0.250 0.090 0.115 0.105 5283WA EWINT-WA 0.115 Unch 1034.6 0.760 1.450 105.92 04/04/2022 0.215 0.040 0.050 0.050 06507E FBMKLCI-C7E 0.050 Unch 50 1,571 1,660 7.25 31/01/2020 0.050 0.035 0.045 0.040 06507O FBMKLCI-C7O 0.045 -0.005 792 1,571 1,590 3.21 31/03/2020 0.110 0.055 0.090 0.090 06508B FBMKLCI-H8B 0.090 Unch 5 1,571 1,618 8.71 31/01/2020 0.250 0.030 0.115 0.115 06508C FBMKLCI-H8C 0.115 0.005 15 1,571 1,650 10.14 31/10/2019 0.145 0.035 0.085 0.085 06508D FBMKLCI-H8D 0.085 -0.005 60 1,571 1,625 7.22 29/11/2019 0.130 0.065 0.095 0.095 06508L FBMKLCI-H8L 0.095 Unch 31.5 1,571 1,589 7.19 30/06/2020 0.115 0.080 0.095 0.095 06508N FBMKLCI-H8N 0.095 -0.005 10 1,571 1,600 6.07 28/02/2020 0.160 0.005 0.010 0.005 522270 FGV-C70 0.010 Unch 120.1 1.080 1.300 21.76 29/11/2019 0.150 0.015 0.030 0.030 522276 FGV-C76 0.030 -0.005 204 1.080 1.150 12.04 28/02/2020 0.085 0.015 0.040 0.040 522278 FGV-C78 0.040 -0.005 8 1.080 1.180 19.26 31/01/2020 0.130 0.045 0.115 0.115 522280 FGV-C80 0.115 -0.010 20 1.080 1.050 13.19 30/06/2020 0.205 0.085 0.190 0.175 522281 FGV-C81 0.180 -0.005 1189 1.080 0.950 11.30 31/03/2020 0.140 0.065 0.130 0.120 522282 FGV-C82 0.125 -0.005 53 1.080 1.080 17.36 13/04/2020 0.145 0.075 0.135 0.120 522284 FGV-C84 0.120 -0.015 110 1.080 0.980 12.96 30/10/2020 0.020 0.010 0.010 0.010 0150WA FINTEC-WA 0.010 Unch 53.9 0.045 0.300 588.89 19/04/2024 0.320 0.080 0.320 0.310 0116WC FOCUS-WC 0.320 Unch 3.3 0.380 0.050 -2.63 06/11/2019 0.220 0.125 0.220 0.200 0128CA FRONTKN-CA 0.220 0.025 1538 1.900 1.380 7.37 30/06/2020 0.150 0.090 0.150 0.150 0128CB FRONTKN-CB 0.150 0.005 800 1.900 1.680 12.11 30/06/2020 0.115 0.070 0.115 0.105 0128CD FRONTKN-CD 0.110 0.010 3677 1.900 1.880 16.32 31/03/2020 0.125 0.080 0.110 0.110 0128CE FRONTKN-CE 0.110 0.015 50 1.900 1.750 9.47 26/03/2020 0.105 0.075 0.105 0.095 0128CF FRONTKN-CF 0.105 0.015 1380 1.900 2.180 31.32 16/03/2020 0.170 0.130 0.170 0.160 0128CG FRONTKN-CG 0.170 0.020 558.7 1.900 1.600 11.05 26/06/2020 0.140 0.105 0.140 0.130 0128CH FRONTKN-CH 0.140 0.020 100.4 1.900 1.800 16.84 26/06/2020 3.500 0.580 3.420 3.350 7184WA G3-WA 3.410 0.030 31.7 3.560 0.100 -1.40 02/10/2022 0.450 0.075 0.210 0.200 9261WB GADANG-WB 0.200 -0.010 1267 0.665 1.060 89.47 29/11/2021 0.280 0.110 0.195 0.195 539867 GAMUDA-C67 0.195 Unch 20 3.770 3.000 0.27 31/01/2020 0.110 0.055 0.075 0.075 539874 GAMUDA-C74 0.075 Unch 60 3.770 3.880 10.88 14/02/2020 0.400 0.125 0.250 0.240 5398WE GAMUDA-WE 0.245 -0.005 1025.9 3.770 4.050 13.93 06/03/2021 0.520 0.135 0.380 0.370 5226WB GBGAQRS-WB 0.375 -0.005 460.1 1.300 1.120 15.00 26/09/2023 0.255 0.130 0.255 0.235 5102CG GCB-CG 0.250 0.020 866.1 4.920 4.100 8.74 15/05/2020 0.225 0.110 0.225 0.205 5102CH GCB-CH 0.225 0.025 247.9 4.920 4.380 10.52 31/03/2020 0.235 0.110 0.235 0.225 5102CI GCB-CI 0.230 0.020 1788.7 4.920 4.100 6.71 13/04/2020 0.230 0.165 0.230 0.225 5102CJ GCB-CJ 0.230 0.020 1551.6 4.920 4.300 10.77 22/05/2020 0.165 0.015 0.025 0.020 0078WB GDEX-WB 0.025 Unch 161.1 0.285 0.383 42.98 05/02/2020 0.300 0.010 0.010 0.010 471550 GENM-C50 0.010 Unch 510 2.040 3.077 52.25 31/10/2019 0.150 0.005 0.010 0.005 471554 GENM-C54 0.010 Unch 101.8 3.050 3.565 18.16 31/12/2019 0.250 0.045 0.050 0.050 471557 GENM-C57 0.050 Unch 341.3 3.050 3.300 14.75 28/02/2020 0.100 0.050 0.050 0.050 471560 GENM-C60 0.050 -0.005 100 3.050 4.280 46.23 31/03/2020 0.150 0.110 0.110 0.110 471563 GENM-C63 0.110 -0.005 85 3.050 3.400 25.18 30/04/2020 0.145 0.105 0.110 0.110 471565 GENM-C65 0.110 Unch 12 3.050 2.900 9.51 29/05/2020 0.070 0.070 0.070 0.070 471569 GENM-C69 0.070 Unch 542 3.050 3.880 36.39 07/09/2020 0.165 0.005 0.005 0.005 318268 GENTINGC68 0.005 Unch 2529.6 1.425 6.600 364.91 29/11/2019 0.130 0.020 0.020 0.020 318270 GENTINGC70 0.020 Unch 505.9 5.700 6.700 20.00 30/04/2020 0.150 0.020 0.025 0.025 318272 GENTINGC72 0.025 Unch 965 5.700 6.680 19.82 14/02/2020 0.130 0.050 0.055 0.055 318274 GENTINGC74 0.055 -0.005 20 5.700 6.500 18.86 31/03/2020 0.100 0.060 0.065 0.065 318275 GENTINGC75 0.065 Unch 570 5.700 6.300 17.37 15/05/2020 0.095 0.050 0.055 0.055 318277 GENTINGC77 0.055 -0.005 95 5.700 6.300 16.32 27/04/2020 0.145 0.095 0.105 0.100 318278 GENTINGC78 0.100 -0.005 390 5.700 5.750 9.65 30/07/2020 0.245 0.085 0.105 0.095 0039WC GFM-WC 0.105 0.010 1273.7 0.375 0.380 29.33 28/01/2022 0.170 0.040 0.045 0.045 5220WA GLOTEC-WA 0.045 -0.005 8.7 0.370 0.720 106.76 17/12/2021 0.325 0.050 0.325 0.320 0082WB GPACKET-WB 0.325 0.005 83901.2 0.745 0.400 -2.68 24/11/2023 0.070 0.015 0.040 0.040 7096WA GPA-WA 0.040 Unch 1105 0.105 0.100 33.33 03/06/2025

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE

0.250 0.065 0.250 0.195 7022C1 GTRONIC-C1 0.220 0.035 3375.8 2.200 1.880 5.45 14/02/2020 0.140 0.065 0.140 0.110 7022CX GTRONIC-CX 0.130 0.025 736 2.200 2.080 12.27 06/01/2020 0.210 0.120 0.210 0.170 7022CY GTRONIC-CY 0.190 0.025 2879.9 2.200 1.700 3.18 23/01/2020 0.200 0.110 0.200 0.200 7022CZ GTRONIC-CZ 0.200 0.020 10 2.200 1.880 12.73 30/06/2020 0.295 0.200 0.240 0.240 7105WA HCK-WA 0.240 0.005 30 1.220 0.960 -1.64 26/09/2027 0.080 0.070 0.070 0.070 432411 HENGYUANC11 0.070 -0.005 400 4.370 5.600 42.56 30/04/2020 0.600 0.230 0.295 0.290 5095WB HEVEA-WB 0.290 0.040 24 0.550 0.250 -1.82 28/02/2020 0.160 0.035 0.040 0.040 5072WB HIAPTEK-WB 0.040 -0.005 190 0.195 0.500 176.92 23/06/2021 0.155 0.085 0.085 0.085 5199C8 HIBISCS-C8 0.085 -0.005 280 0.935 1.000 21.50 31/03/2020 0.665 0.255 0.275 0.265 5199WC HIBISCS-WC 0.265 -0.005 3232.7 0.935 1.060 41.71 19/03/2021 0.080 0.003 — — 5819CO HLBANK-CO 0.005 — — 2.358 22.000 836.17 23/10/2019 0.145 0.030 0.060 0.045 0188WA HLT-WA 0.060 Unch 7.6 0.190 0.200 36.84 27/12/2022 0.160 0.015 0.025 0.020 5160WA HOMERIZ-WA 0.020 0.005 545 0.690 0.920 36.23 09/07/2020 0.315 0.125 0.225 0.190 5160WB HOMERIZ-WB 0.225 0.030 17423.4 0.690 0.540 10.87 03/07/2022 0.350 0.140 0.165 0.165 0185WA HSSEB-WA 0.165 Unch 9 0.790 1.700 136.08 15/03/2023 0.005 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.050 3.160 6,230 04/11/2019 0.015 0.005 — — 7013WB HUBLINE-WB 0.005 — — 0.050 0.200 310.00 20/12/2020 0.055 0.010 — — 9601WD HWGB-WD 0.020 — — 0.075 0.320 353.33 15/03/2021 0.015 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.025 0.200 720.00 14/07/2020 0.120 0.100 0.105 0.100 522515 IHH-C15 0.105 0.005 120 5.670 5.600 8.02 15/05/2020 0.210 0.075 0.085 0.085 333630 IJM-C30 0.085 Unch 20.2 2.210 2.000 2.04 29/11/2019 0.170 0.075 0.085 0.085 333632 IJM-C32 0.085 Unch 20 2.210 2.280 10.86 14/02/2020 0.600 0.125 0.600 0.600 16633 INARI-C33 0.600 0.135 0.3 2.010 1.300 9.45 31/10/2019 0.180 0.040 0.165 0.165 16637 INARI-C37 0.165 0.015 150 2.010 1.700 1.00 31/12/2019 0.140 0.080 0.140 0.140 16643 INARI-C43 0.140 0.010 700 2.010 1.780 12.94 31/01/2020 0.245 0.120 0.235 0.235 16644 INARI-C44 0.235 0.010 6 2.010 1.500 5.02 31/01/2020 0.155 0.050 0.140 0.135 16646 INARI-C46 0.140 0.005 279.7 2.010 1.800 6.97 28/02/2020 0.135 0.055 0.130 0.125 16647 INARI-C47 0.130 0.010 230 2.010 1.780 7.96 30/04/2020 0.155 0.070 0.155 0.140 16648 INARI-C48 0.150 0.005 3568 2.010 1.850 12.94 31/03/2020 0.170 0.110 0.160 0.155 16649 INARI-C49 0.160 Unch 114.2 2.010 1.650 5.97 27/04/2020 0.150 0.100 0.130 0.120 16650 INARI-C50 0.130 0.010 2549.8 2.010 2.080 20.30 30/04/2020 0.090 0.090 0.090 0.090 16653 INARI-C53 0.090 Unch 1510 2.010 2.500 37.81 07/09/2020 1.730 0.710 1.490 1.450 0166WB INARI-WB 1.470 Unch 212.3 2.010 0.533 -0.33 17/02/2020 0.130 0.025 0.035 0.030 3379WB INSAS-WB 0.030 -0.005 217.1 0.825 1.000 24.85 25/02/2020 0.100 0.040 0.055 0.050 196122 IOICORP-C22 0.050 -0.010 300.7 4.250 4.300 5.88 31/03/2020 0.020 0.005 — — 0024WB JAG-WB 0.005 — — 0.035 0.150 342.86 15/11/2020 0.695 0.150 0.680 0.630 4723WB JAKS-WB 0.630 -0.035 549.4 0.940 0.640 35.11 13/12/2023 0.170 0.050 0.095 0.085 0111WC K1-WC 0.095 0.015 6097.5 0.220 0.300 79.55 30/12/2021 0.035 0.010 0.030 0.025 0170WA KANGER-WA 0.030 0.010 692 0.075 0.100 73.33 13/04/2020 0.030 0.015 0.025 0.025 3115WC KBUNAI-WC 0.025 Unch 635.3 0.105 0.131 48.57 20/10/2023 0.345 0.140 0.240 0.235 7161WB KERJAYA-WB 0.235 -0.015 20.9 1.360 1.600 34.93 28/02/2023 0.025 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.035 0.200 485.71 01/05/2020 0.400 0.200 0.350 0.290 5171WA KIMLUN-WA 0.315 -0.005 195.4 1.260 1.680 58.33 12/03/2024 0.315 0.010 0.205 0.175 7164WB KNM-WB 0.185 0.005 71762.8 0.455 1.000 160.44 21/04/2020 0.100 0.010 0.045 0.045 7017WB KOMARK-WB 0.045 -0.005 251.5 0.280 0.230 -1.79 21/01/2020 0.040 0.030 0.035 0.035 5878CV KPJ-CV 0.035 Unch 50 0.950 0.980 10.53 29/05/2020 0.030 0.005 0.015 0.015 5172WA KSTAR-WA 0.015 Unch 654.1 0.105 0.080 -9.52 10/04/2021 0.035 0.005 — — 0018WB LAMBO-WB 0.010 — — 0.050 0.160 240.00 29/04/2024 0.245 0.125 0.185 0.170 9385WA LAYHONG-WA 0.175 -0.005 12421.4 0.480 0.400 19.79 13/10/2021 0.260 0.135 0.140 0.135 8494WB LBICAP-WB 0.140 Unch 46.1 0.645 0.500 -0.78 24/06/2024 0.350 0.040 0.050 0.045 5789WB LBS-WB 0.045 -0.005 126.8 0.490 0.560 23.47 04/10/2020 0.085 0.010 0.030 0.030 6633CC LHI-CC 0.030 Unch 390 0.975 1.100 17.44 31/03/2020 0.040 0.005 0.005 0.005 6633CD LHI-CD 0.005 Unch 100 0.745 1.350 82.21 31/03/2020 0.060 0.010 0.055 0.055 6633CK LHI-CK 0.055 Unch 540.7 0.975 0.950 8.72 28/02/2020 0.300 0.170 0.300 0.300 6633CL LHI-CL 0.300 0.010 40 0.975 0.750 7.69 28/08/2020 0.135 0.070 0.135 0.130 6633CM LHI-CM 0.130 Unch 279.2 0.975 0.900 10.97 30/04/2020 0.082 0.005 — — 7126WA LONBISC-WA 0.005 — — 0.095 0.800 747.37 26/01/2020 0.055 0.005 0.010 0.010 0140WA MACPIE-WA 0.010 -0.005 40 0.130 0.480 276.92 17/02/2021 0.125 0.035 0.040 0.035 858321 MAHSING-C21 0.035 -0.005 120 0.750 0.880 22.00 28/08/2020 0.060 0.005 — — 8583WC MAHSING-WC 0.005 — — 0.400 2.100 426.25 21/02/2020 0.235 0.035 0.045 0.045 5236WA MATRIX-WA 0.045 0.005 1 1.900 2.400 28.68 20/07/2020 0.090 0.030 0.035 0.030 601210 MAXIS-C10 0.035 0.005 50.2 5.440 5.600 6.16 31/12/2019 0.140 0.055 0.060 0.060 601212 MAXIS-C12 0.060 Unch 40 5.440 5.400 4.78 29/11/2019 0.065 0.005 — — 115552 MAYBANKC52 0.005 — — 2.874 9.500 231.77 29/11/2019 0.060 0.015 0.020 0.020 115559 MAYBANKC59 0.020 Unch 25 8.500 9.000 8.00 30/04/2020 0.150 0.095 0.095 0.095 115560 MAYBANKC60 0.095 -0.005 10 8.500 8.880 10.06 31/03/2020 0.090 0.060 0.090 0.065 115561 MAYBANKC61 0.090 0.020 55.1 8.500 8.700 5.53 30/07/2020 0.535 0.250 0.365 0.365 5152WA MBL-WA 0.365 0.005 11.5 1.190 0.800 -2.10 28/11/2022 0.500 0.180 0.340 0.335 5983CI MBMR-CI 0.340 Unch 300 4.100 3.880 11.22 11/02/2020 0.365 0.130 0.275 0.265 5983CJ MBMR-CJ 0.265 Unch 302.4 4.100 3.180 3.41 30/04/2020 0.185 0.110 0.115 0.115 5983CK MBMR-CK 0.115 Unch 40 4.100 4.600 24.82 31/03/2020 0.050 0.005 0.005 0.005 117121 MBSB-C21 0.005 Unch 120 0.428 1.100 158.47 31/12/2019 0.055 0.005 0.015 0.010 117124 MBSB-C24 0.015 0.005 1385.2 0.890 1.000 14.89 28/02/2020 0.070 0.025 0.035 0.035 117125 MBSB-C25 0.035 0.005 600 0.890 0.880 3.79 28/02/2020 0.075 0.030 0.040 0.040 3778WB MELEWAR-WB 0.040 0.005 120 0.135 0.400 225.93 18/08/2023 0.105 0.035 — — 5040WA MERIDIAN-WA 0.040 — — 0.065 0.500 730.77 13/08/2021 0.030 0.005 0.005 0.005 5040WB MERIDIAN-WB 0.005 -0.005 0.2 0.065 0.900 1,293 22/04/2022 0.035 0.005 — — 5040WC MERIDIAN-WC 0.015 — — 0.065 0.800 1,154 24/08/2024 0.310 0.050 0.265 0.255 7234WA MESB-WA 0.265 0.010 116 0.505 0.300 11.88 27/12/2022 0.230 0.145 0.225 0.200 3069CF MFCB-CF 0.220 0.015 2962.3 4.410 3.880 7.94 16/03/2020 2.220 1.010 2.210 2.090 3069WA MFCB-WA 2.170 0.060 444.4 4.410 2.220 -0.45 08/04/2020 0.570 0.125 0.320 0.320 3662WC MFLOUR-WC 0.320 -0.005 173.1 0.655 0.680 52.67 23/01/2024 0.230 0.025 0.075 0.075 5286CD MI-CD 0.075 0.010 175 2.410 2.250 7.37 26/11/2019 0.240 0.160 0.210 0.210 381624 MISC-C24 0.210 -0.010 20 8.300 7.250 5.06 29/05/2020 0.065 0.010 0.020 0.015 9571WD MITRA-WD 0.020 0.005 2.9 0.265 0.940 262.26 23/08/2020 0.140 0.050 0.060 0.060 9571WE MITRA-WE 0.060 Unch 9 0.265 0.940 277.36 17/04/2023 0.025 0.005 0.010 0.005 0085WA MLAB-WA 0.010 Unch 200.1 0.045 0.090 122.22 24/04/2020 0.010 0.003 — — 0085WB MLAB-WB 0.005 — — 0.045 0.150 244.44 10/09/2020 0.170 0.055 0.170 0.160 0034WB MMAG-WB 0.165 Unch 535.6 0.380 0.200 -3.95 27/11/2022 0.125 0.080 0.080 0.080 219414 MMCCORPC14 0.080 -0.005 200 1.080 1.200 25.93 31/07/2020 0.025 0.005 0.005 0.005 0103WA MNC-WA 0.005 Unch 1922 0.025 0.100 320.00 05/11/2021 0.070 0.015 0.020 0.015 0103WB MNC-WB 0.020 Unch 70.4 0.025 0.060 220.00 05/09/2024 0.025 0.005 — — 0070WA MQTECH-WA 0.005 — — 0.025 0.100 320.00 21/11/2021 0.375 0.010 0.015 0.010 165141 MRCB-C41 0.015 Unch 350 0.740 0.800 10.14 29/11/2019 0.115 0.065 0.075 0.075 165154 MRCB-C54 0.075 Unch 630 0.740 0.830 25.34 31/03/2020 0.105 0.075 0.080 0.080 165155 MRCB-C55 0.080 -0.010 20 0.740 0.780 21.62 27/04/2020 0.370 0.180 0.220 0.215 1651WB MRCB-WB 0.215 -0.005 376.3 0.740 1.250 97.97 29/10/2027 0.025 0.005 — — 0092WB MTOUCHE-WB 0.005 — — 0.095 0.480 410.53 16/03/2020 0.045 0.005 0.020 0.015 0092WC MTOUCHE-WC 0.020 Unch 328.7 0.095 0.200 131.58 02/11/2020 0.040 0.010 0.015 0.010 0043WA MTRONIC-WA 0.015 Unch 571.2 0.055 0.080 72.73 16/04/2022 0.390 0.060 0.110 0.060 13860 MYEG-C60 0.085 -0.020 1533.4 1.260 1.100 0.79 29/11/2019 0.240 0.015 0.045 0.015 13863 MYEG-C63 0.030 Unch 120.4 1.260 1.200 2.38 23/10/2019 0.165 0.005 0.015 0.005 13869 MYEG-C69 0.010 -0.005 291 1.260 1.650 33.33 31/01/2020 0.090 0.010 0.010 0.010 13870 MYEG-C70 0.010 -0.070 10 1.260 1.900 53.57 23/12/2019 0.240 0.030 0.050 0.030 13871 MYEG-C71 0.045 -0.015 3867 1.260 1.350 14.29 29/11/2019 0.150 0.025 0.035 0.025 13873 MYEG-C73 0.035 -0.010 780 1.260 1.500 30.16 30/04/2020 0.110 0.025 0.030 0.025 13874 MYEG-C74 0.030 -0.025 1000 1.260 1.650 38.57 20/02/2020 0.105 0.020 0.025 0.020 13875 MYEG-C75 0.025 -0.010 10872.9 1.260 1.700 40.87 28/02/2020 0.140 0.040 0.055 0.040 13877 MYEG-C77 0.050 -0.010 3330 1.260 1.750 50.00 31/03/2020 0.075 0.035 0.045 0.035 13878 MYEG-C78 0.045 -0.005 1560 1.260 1.980 67.86 28/02/2020 0.095 0.020 0.030 0.020 13879 MYEG-C79 0.030 Unch 1490 1.260 2.080 71.75 31/03/2020 0.080 0.040 0.045 0.040 13880 MYEG-C80 0.045 -0.005 210 1.260 1.600 37.70 30/06/2020 0.115 0.055 0.075 0.055 13882 MYEG-C82 0.070 -0.005 28499 1.260 1.450 30.63 31/03/2020 0.075 0.055 0.075 0.055 13883 MYEG-C83 0.065 Unch 2695 1.260 1.880 64.68 07/09/2020 0.045 0.035 0.040 0.035 0041WA MYSCM-WA 0.040 Unch 113.6 0.165 0.250 75.76 22/09/2024 0.305 0.170 0.220 0.185 0108WB N2N-WB 0.220 0.035 10.1 0.725 0.830 44.83 08/01/2024 0.005 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.015 0.100 600.00 16/05/2022 0.010 0.005 — — 0096WB NEXGRAM-WB 0.010 — — 0.015 0.260 1,700 21/07/2023 0.010 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 1 0.015 0.100 600.00 15/01/2024 0.095 0.045 0.055 0.050 7215WB NIHSIN-WB 0.050 -0.005 138.1 0.170 0.138 10.59 13/05/2022 0.375 0.150 0.310 0.285 0083WC NOTION-WC 0.285 -0.010 807.7 0.750 0.840 50.00 14/03/2023 0.150 0.060 0.120 0.105 0172WA OCK-WA 0.115 0.010 9103.5 0.620 0.710 33.06 15/12/2020 0.100 0.015 0.045 0.035 7071WC OCR-WC 0.035 -0.015 179.6 0.290 0.500 84.48 24/07/2021 0.125 0.045 0.080 0.075 7071WD OCR-WD 0.075 Unch 890.2 0.290 0.220 1.72 18/02/2022 0.145 0.030 0.065 0.060 0079WA ORION-WA 0.065 Unch 2317.6 0.100 0.170 135.00 26/07/2022 0.100 0.020 0.025 0.025 5053WC OSK-WC 0.025 Unch 284.1 0.960 1.200 27.60 22/07/2020 0.265 0.100 0.175 0.165 5260WA OWG-WA 0.170 -0.005 428.5 0.540 0.800 79.63 29/09/2023 0.240 0.180 0.200 0.195 8419WA PANSAR-WA 0.200 -0.005 22.1 0.580 0.630 43.10 06/06/2023 0.160 0.060 0.110 0.100 5125WB PANTECH-WB 0.110 Unch 22 0.520 0.500 17.31 21/12/2021 0.305 0.175 0.180 0.175 1724WA PARAMON-WA 0.180 Unch 319.5 1.270 1.790 55.12 28/07/2024 0.055 0.025 0.035 0.030 7225WB PA-WB 0.030 Unch 2681.3 0.060 0.060 50.00 17/12/2022 0.150 0.005 — — 129530 PBBANK-C30 0.005 — — 2.332 26.500 1,040 23/10/2019 0.100 0.005 0.005 0.005 129533 PBBANK-C33 0.005 Unch 400 6.707 23.000 244.04 31/01/2020 0.125 0.005 — — 129534 PBBANK-C34 0.005 — — 1.759 23.500 1,240 23/12/2019 0.095 0.015 0.020 0.020 129536 PBBANK-C36 0.020 0.005 100 19.280 25.000 30.81 31/03/2020 0.085 0.035 0.040 0.040 129539 PBBANK-C39 0.040 Unch 200 19.280 22.000 16.60 29/05/2020 0.315 0.035 0.150 0.145 6068WA PCCS-WA 0.150 Unch 587.8 0.420 0.600 78.57 25/12/2022 0.200 0.005 — — 518330 PCHEM-C30 0.005 — — 2.487 8.900 259.17 23/10/2019 0.115 0.005 — — 518331 PCHEM-C31 0.005 — — 2.510 9.150 265.94 31/12/2019 0.085 0.005 0.005 0.005 518333 PCHEM-C33 0.005 Unch 30 3.665 8.880 143.52 31/01/2020 0.075 0.020 0.025 0.025 518334 PCHEM-C34 0.025 Unch 300 7.380 8.880 23.04 30/06/2020 0.170 0.090 0.125 0.125 518338 PCHEM-C38 0.125 Unch 5 7.380 6.950 7.72 15/05/2020 0.015 0.005 0.010 0.005 6254WB PDZ-WB 0.010 Unch 88.3 0.035 0.100 214.29 29/01/2023 0.335 0.115 0.300 0.285 7160CD PENTA-CD 0.295 0.010 219 4.660 3.500 3.59 20/02/2020 0.420 0.125 0.375 0.350 7160CE PENTA-CE 0.375 0.030 289.5 4.660 3.400 5.15 28/02/2020 0.350 0.110 0.315 0.290 7160CF PENTA-CF 0.315 0.040 218.5 4.660 3.880 6.92 16/03/2020 0.370 0.145 0.310 0.305 7160CG PENTA-CG 0.310 0.015 573.3 4.660 4.080 9.51 13/03/2020 0.285 0.205 0.250 0.235 7160CH PENTA-CH 0.245 0.015 405 4.660 4.800 21.41 30/04/2020 0.160 0.135 0.160 0.150 7160CI PENTA-CI 0.160 0.020 149.6 4.660 4.880 21.89 22/05/2020 0.095 0.005 0.020 0.005 8311WC PESONA-WC 0.010 -0.005 26857.5 0.220 0.250 18.18 27/01/2020 0.100 0.020 0.030 0.030 5681CY PETDAG-CY 0.030 Unch 200 23.300 25.000 11.16 31/01/2020 0.150 0.050 0.140 0.130 6033CU PETGAS-CU 0.130 -0.010 30.2 16.660 16.000 3.84 30/06/2020 0.005 0.005 0.005 0.005 4464WB PHB-WB 0.005 Unch 26.2 0.005 0.010 200.00 20/06/2022 0.080 0.015 — — 7163WA PJBUMI-WA 0.025 — — 0.160 0.500 228.13 05/07/2022 0.160 0.075 0.110 0.110 886927 PMETAL-C27 0.110 Unch 20 4.770 4.300 1.68 31/12/2019 0.130 0.005 0.005 0.005 886929 PMETAL-C29 0.005 -0.035 300 0.600 5.200 770.42 31/10/2019 0.150 0.105 0.125 0.125 886933 PMETAL-C33 0.125 Unch 30 4.770 4.600 9.54 15/05/2020 0.620 0.395 0.510 0.490 7088WB POHUAT-WB 0.510 Unch 19.2 1.520 1.000 -0.66 21/10/2020 0.115 0.025 0.025 0.025 463435 POS-C35 0.025 -0.005 753 1.590 1.900 25.79 20/12/2019 0.150 0.100 0.110 0.100 463437 POS-C37 0.100 -0.010 293 1.590 1.600 19.50 27/04/2020 0.225 0.180 0.185 0.180 463439 POS-C39 0.180 -0.020 10 1.590 1.300 15.72 30/04/2020 0.075 0.060 0.060 0.060 463442 POS-C42 0.060 -0.005 400 1.590 2.300 54.09 30/04/2020 0.130 0.105 0.110 0.105 463443 POS-C43 0.105 -0.005 638.2 1.590 1.700 26.73 26/06/2020 0.270 0.040 0.210 0.180 8966WA PRLEXUS-WA 0.180 -0.020 2290.1 0.830 1.200 66.27 14/06/2021 0.100 0.035 0.055 0.045 5070WA PRTASCO-WA 0.055 Unch 1.6 0.240 0.750 235.42 25/04/2023 0.080 0.005 0.010 0.005 7145WA PSIPTEK-WA 0.010 Unch 6631.5 0.100 0.100 10.00 16/11/2019 0.125 0.025 0.045 0.035 0186WA PTRANS-WA 0.040 Unch 3806.9 0.220 0.235 25.00 19/09/2020 0.120 0.035 0.035 0.035 0007WA PUC-WA 0.035 -0.005 2169 0.055 0.100 145.45 25/12/2024

Main Market & Ace Market Warrants

MarketsG L O B A L M A R K E T S . B U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY 2 9

Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants

Wall Street ahead — Boeing, J&J, dismal China data drag US stocks lower

NEW YORK: Wall Street fell last Friday as negative headlines about Johnson & Johnson (J&J) and Boeing, along with bleak economic data from China, soured investor risk appetite and off set generally positive corporate earnings. All three major US stock averages ended the session in the red, but the S&P 500 Index and the Nasdaq posted weekly gains. The blue-chip Dow Jones Industrial Average was nominally lower than last week’s close. Boeing Co and J&J shares led both the S&P 500’s and the Dow’s declines. Boeing dropped 6.8% after Reuters reported that text messages between two employees suggested the planemaker misled the US Federal Aviation Administration about the safety of the grounded 737 MAX aircraft. J&J announced it would recall its baby powder in the US after regulators found trace amounts of asbestos in a sample, sending its shares falling 6.2%. Growth of China’s gross domestic product slowed to its weakest pace in nearly 30 years as the bruising trade war with the US took its toll, stoking fears of slowdown contagion. Th e International Monetary Fund has lowered its forecast for global growth this year to 3%, which would mark the slowest expansion since the fi nancial crisis. “Th ere’s no question that there’s signs out there that the economy is weakening,”

said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Last Friday’s market weakness “has to do with news out of China, Boeing and J&J,” Cardillo added, saying “market sentiment in terms of earnings is positive.” Th ird-quarter (3Q) earnings season has hit full stride, with 73 companies in the S&P 500 having reported. Of those, 83.6% have come in above average estimates, according to Refi nitiv data. Still, analysts currently see S&P 500 earnings dropping by 3.1% compared with last year, which would mark the fi rst contraction since the earnings recession that ended mid-2016. Schlumberger NV gained 1.3% after the oilfi eld services company posted its largest quarterly loss ever as a result of a US$12 billion charge as chief executive officer Olivier Le Peuch moved to shift focus toward software and services. American Express Co reported better-than-expected 3Q profit as consumers boosted their spending. Still, the credit card issuer’s shares dipped 2%. Coca-Cola Co’s revenue beat expectations and an upbeat forecast gave its shares a 1.8% boost. Kansas City Southern jumped 7.3% after the railroad operator also beat profi t expectations, on increased petroleum shipments to Mexico. Th is week, market participants look forward to high-profi le results from Procter & Gamble Co, United Parcel Service Inc Caterpillar Inc, Boeing, Microsoft Corp , Ford Motor Co, 3M Co, Twitter Inc , Amazon.com, and others.

Th e Dow fell 0.95% to 26,770.2 points; the S&P 500 lost 0.39% to 2,986.2; and the Nasdaq Composite dropped 0.83% to 8,089.54.

Global markets — Most Southeast Asia stocks fall on China growth slowdown; Philippines leads losses

BENGALURU: Most Southeast Asian stock markets closed lower last Friday after weak growth readings from China, while Indonesian stocks extended gains to a sixth day boosted by strength in the fi nancial and consumer sectors. China, the region’s largest trading partner, grew at its weakest pace in almost three decades in the third quarter, as the bruising trade war with the US hit factory production. While bleak data has raised prospects for further policy easing, analysts at OCBC said that a few positive factors, such as a truce in the trade war, a pickup in infrastructure investment and stabilisation of the manufacturing sector may prompt China’s central bank to adopt a wait-and-see stance. In contrast to the disappointing 6% annual growth in gross domestic product, China’s industrial output grew to a better-than-expected 5.8% in September, faster than the 17-year-low posted in August. Philippine shares led declines in Southeast Asia, with utilities and fi nancial fi rms among the biggest drags on Manila’s benchmark index which managed to post a second consecutive weekly gain. BDO

Unibank and Manila Electric fell 2.6% and 2.3% respectively. Singapore stocks slipped 0.4% to a one-week low, hurt by weakness in the consumer and fi nancial sectors. United Overseas Bank and Singapore Airlines lost 0.8% and 1.4% respectively. Thai stocks edged lower. Industrial and financial stocks led declines on the benchmark index, with Kasikornbank Pcl and real estate developer Asset World Pcl Corp down 2.2% and 2.9% each. Investor focus will now turn to the release of trade data next week. Th e trade-reliant economy’s customs-cleared exports in September are likely to grow 1.2% from a year earlier, a Reuters poll showed, after falling 4% the previous month. Bucking the regional trend, Indonesia stocks rose 0.2%, with Bank Central Asia, adding 0.7% and auto manufacturer Astra International gaining 1.1%. China stocks fell last Friday, posting their steepest daily drop in a month to end the week lower, as weaker-than-expected gross domestic product growth deepened worries over the health of the world’s second largest economy amid a trade war that is more than a year old. Th e blue-chip CSI 300 Index fell 1.4%, while the Shanghai Composite Index dropped 1.3%. The pan-European STOXX 600 Index fi nished 0.3% lower and Paris-listed shares lagged the most with a 0.65% decline, hit by weak quarterly results. — Reuters

Dow JonesIndex points

10,403.79

Mar 1, 2010 Oct 18, 2019

26,770.20-255.68

(-0.95%)9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Oct 18, 2019

3,579.41-9.21

(-0.26%)1960

2445

2930

3415

3900

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

3,114.16-11.98

(-0.38%)

Oct 18, 2019

2400

2725

3050

3375

3700

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Oct 18, 2019

1900

2875

3850

4825

58002,938.14

-39.19(-1.32%)

Bursa Malaysia Equity Derivatives

0.760 0.210 0.645 0.610 7237WA PWROOT-WA 0.645 0.020 52 2.180 1.540 0.23 24/07/2023 0.135 0.065 0.065 0.065 7084CO QL-CO 0.065 -0.015 150 7.030 6.880 5.26 29/11/2019 0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.230 1.000 336.96 13/12/2019 0.120 0.040 0.050 0.045 5256WA REACH-WA 0.045 Unch 832 0.190 0.750 318.42 12/08/2022 0.730 0.330 0.725 0.680 0200WA REVENUE-WA 0.715 0.035 10880.4 1.680 1.250 16.96 14/01/2024 0.200 0.065 0.070 0.070 9954WB RGTBHD -WB 0.070 0.005 100 0.145 0.100 17.24 14/05/2023 0.115 0.015 0.035 0.035 106613 RHBBANKC13 0.035 -0.005 75 5.660 5.600 2.03 29/11/2019 0.075 0.070 0.075 0.075 106619 RHBBANKC19 0.075 Unch 0.2 5.660 5.880 11.84 26/06/2020 0.105 0.055 0.065 0.060 8567WB SALCON-WB 0.065 Unch 211.1 0.230 0.300 58.70 19/07/2025 0.055 0.030 0.030 0.030 521878 SAPNRGC78 0.030 Unch 2510 0.270 0.380 51.85 11/02/2020 0.145 0.040 0.100 0.095 521879 SAPNRGC79 0.095 -0.010 960 0.270 0.300 28.70 31/07/2020 0.080 0.055 0.060 0.060 521880 SAPNRGC80 0.060 Unch 200 0.270 0.280 25.93 28/08/2020 0.180 0.085 0.130 0.120 5218WA SAPNRG-WA 0.125 0.005 25707.5 0.270 0.490 127.78 23/01/2026 0.170 0.015 0.160 0.140 7247WA SCGM-WA 0.155 0.015 76.2 1.320 3.960 211.74 31/07/2020 0.060 0.020 0.030 0.030 0161WA SCH-WA 0.030 Unch 10 0.100 0.100 30.00 04/12/2021 0.200 0.120 0.190 0.185 4731CG SCIENTX-CG 0.185 -0.005 570 9.500 8.200 1.89 29/05/2020 0.065 0.005 0.030 0.025 7158WB SCOMI-WB 0.030 Unch 1151.5 0.075 0.210 220.00 18/02/2023 0.550 0.370 0.550 0.530 0001WA SCOMNET-WA 0.535 0.010 148.4 0.880 0.650 34.66 19/06/2024 0.060 0.010 0.030 0.025 7073WC SEACERA-WC 0.030 Unch 301.6 0.245 1.000 320.41 21/01/2021 0.185 0.070 0.075 0.070 5279CQ SERBADK-CQ 0.075 -0.005 125 4.270 4.000 2.46 26/11/2019 0.150 0.090 0.090 0.090 5279CU SERBADK-CU 0.090 -0.010 11 4.270 4.680 18.03 31/01/2020 0.180 0.120 0.130 0.120 5279CW SERBADK-CW 0.120 -0.005 198 4.270 4.580 17.10 31/03/2020 0.105 0.100 0.100 0.100 5279CX SERBADK-CX 0.100 Unch 40 4.270 4.500 17.10 30/09/2020 0.440 0.185 0.425 0.400 7180WA SERN-WA 0.420 -0.010 260.6 0.850 0.400 -3.53 20/03/2023 0.090 0.040 0.050 0.045 7246WA SIGN-WA 0.050 -0.005 439.2 0.480 0.970 112.50 21/04/2021 0.065 0.065 0.065 0.065 5288CQ SIMEPROP-CQ 0.065 Unch 85 0.795 0.890 28.30 30/10/2020 0.175 0.040 0.140 0.140 5213WB SNTORIA-WB 0.140 0.025 0.1 0.205 0.600 260.98 09/01/2025 0.145 0.040 0.095 0.090 5242WA SOLID-WA 0.095 0.005 2325 0.295 0.210 3.39 16/12/2020 0.185 0.090 0.115 0.115 0080WA STRAITS-WA 0.115 Unch 276.4 0.215 0.115 6.98 10/08/2022 0.040 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 -0.005 182 0.010 0.320 3,150 03/03/2021 0.095 0.040 0.040 0.040 5263CY SUNCON-CY 0.040 -0.010 100 1.890 2.300 28.04 26/03/2020 0.350 0.005 0.025 0.015 3743WA SUNSURIA-WA 0.025 -0.005 740.9 0.650 1.500 134.62 22/07/2020 0.060 0.050 0.055 0.050 5211CV SUNWAY-CV 0.050 -0.005 40 1.710 1.880 15.79 16/03/2020 0.450 0.210 0.390 0.375 5211WB SUNWAY-WB 0.385 Unch 151.8 1.710 1.720 23.10 03/10/2024 0.060 0.005 0.045 0.045 0148WB SUNZEN-WB 0.045 -0.005 196 0.145 0.250 103.45 25/02/2021 0.130 0.010 0.010 0.010 710666 SUPERMX-C66 0.010 Unch 70 1.470 1.700 17.01 31/12/2019 0.105 0.060 0.060 0.060 710672 SUPERMX-C72 0.060 Unch 50 1.470 1.600 21.09 29/05/2020 0.090 0.040 0.045 0.045 710674 SUPERMX-C74 0.045 0.005 50 1.470 1.780 27.21 08/05/2020 0.140 0.085 0.090 0.085 710675 SUPERMX-C75 0.085 Unch 340 1.470 1.500 17.65 31/03/2020 0.130 0.055 0.080 0.075 7186WB SWSCAP-WB 0.075 Unch 293.4 0.685 0.900 42.34 19/07/2023 0.040 0.005 — — 7082WB SYF-WB 0.005 — — 0.195 0.700 261.54 11/11/2019 0.045 0.015 0.025 0.020 1538WB SYMLIFE-WB 0.020 -0.005 17.6 0.385 0.790 110.39 11/11/2020 0.320 0.065 0.150 0.140 6139CE TAKAFUL-CE 0.150 0.015 198 6.290 5.300 -1.43 31/01/2020 0.190 0.025 0.025 0.025 6139CF TAKAFUL-CF 0.025 Unch 26.6 6.290 6.800 10.49 26/11/2019 0.035 0.015 0.020 0.020 2429WB TANCO-WB 0.020 Unch 310 0.055 0.050 27.27 23/08/2021 0.055 0.030 0.045 0.045 7097WA TAWIN-WA 0.045 -0.005 73.1 0.110 0.200 122.73 05/08/2022 0.125 0.015 0.040 0.035 7200WA TEKSENG-WA 0.040 Unch 189.8 0.285 0.250 1.75 29/01/2020 0.135 0.010 0.020 0.015 534754 TENAGA-C54 0.015 -0.025 156 10.320 13.800 34.88 23/10/2019 0.170 0.030 0.140 0.140 534757 TENAGA-C57 0.140 0.005 280 13.800 12.600 1.45 31/01/2020 0.195 0.120 0.130 0.130 534759 TENAGA-C59 0.130 Unch 200 13.800 13.200 5.07 06/01/2020 0.165 0.105 0.140 0.140 534760 TENAGA-C60 0.140 0.010 100 13.800 12.800 2.90 30/04/2020 0.105 0.060 0.065 0.065 534761 TENAGA-C61 0.065 0.005 5 13.800 14.880 13.48 31/01/2020 0.140 0.115 0.125 0.125 534766 TENAGA-C66 0.125 Unch 10 13.800 13.580 10.18 31/03/2020 0.460 0.040 0.085 0.080 7252WA TEOSENG-WA 0.085 0.005 232.7 1.220 1.350 17.62 29/01/2020 0.105 0.030 0.040 0.030 7889WB THRIVEN-WB 0.040 Unch 7.8 0.185 0.480 181.08 05/10/2020 0.025 0.005 — — 7079WC TIGER-WC 0.010 — — 0.050 0.320 560.00 11/02/2021 0.330 0.065 0.185 0.185 486340 TM-C40 0.185 0.005 5.5 3.950 3.100 -0.44 23/10/2019 0.485 0.170 0.320 0.290 486343 TM-C43 0.320 0.020 85 3.950 2.800 3.29 31/03/2020 0.520 0.195 0.335 0.330 486344 TM-C44 0.335 0.015 104 3.950 2.680 1.77 30/04/2020 0.470 0.185 0.270 0.270 486345 TM-C45 0.270 0.005 5 3.950 2.950 2.03 20/12/2019

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE

0.265 0.080 0.110 0.110 486346 TM-C46 0.110 Unch 310 3.950 3.800 10.13 23/01/2020 0.270 0.060 0.115 0.110 486347 TM-C47 0.110 Unch 531.8 3.950 4.000 13.80 31/01/2020 0.230 0.040 0.095 0.095 486348 TM-C48 0.095 0.005 104 3.950 3.750 6.96 30/04/2020 0.210 0.035 0.070 0.070 486350 TM-C50 0.070 0.005 180 3.950 4.600 24.43 31/01/2020 0.150 0.010 0.030 0.030 486353 TM-C53 0.030 Unch 4550 3.950 4.680 22.28 28/02/2020 0.125 0.055 0.080 0.080 486354 TM-C54 0.080 Unch 400 3.950 4.880 32.66 28/02/2020 0.135 0.075 0.135 0.130 486357 TM-C57 0.130 0.005 224 3.950 3.880 14.68 15/05/2020 0.115 0.060 0.115 0.110 486358 TM-C58 0.110 Unch 100.9 3.950 4.180 19.75 29/05/2020 0.205 0.120 0.205 0.195 486359 TM-C59 0.195 Unch 562.4 3.950 3.550 12.09 31/03/2020 0.280 0.060 0.110 0.110 7285WA TOMYPAK-WA 0.110 0.010 0.5 0.505 0.930 105.94 21/06/2021 0.200 0.030 0.030 0.030 711355 TOPGLOV-C55 0.030 -0.005 100 4.330 4.500 7.39 28/02/2020 0.260 0.075 0.090 0.085 7173WB TOYOINK-WB 0.090 Unch 130 0.645 1.500 146.51 06/11/2023 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020 0.115 0.020 — — 514867 UEMS-C67 0.005 — — 0.138 0.950 593.84 31/10/2019 0.085 0.030 0.035 0.035 514871 UEMS-C71 0.035 Unch 597 0.690 0.780 20.65 28/02/2020 0.150 0.045 0.050 0.050 458820 UMW-C20 0.050 Unch 50 4.500 5.150 20.00 30/06/2020 0.085 0.015 0.050 0.045 500516 UNISEM-C16 0.045 0.010 798 2.560 3.500 41.99 06/01/2020 0.090 0.030 0.050 0.045 0060WB VC-WB 0.050 0.010 340.9 0.165 0.150 21.21 06/05/2024 0.065 0.065 0.065 0.065 524330 VELESTO-C30 0.065 Unch 20 0.330 0.350 25.76 30/10/2020 0.170 0.050 0.130 0.125 5243WA VELESTO-WA 0.125 Unch 3571.2 0.330 0.395 57.58 18/10/2024 0.600 0.410 0.470 0.450 7240WA VERTICE-WA 0.465 -0.025 321.2 0.910 0.500 6.04 31/03/2024 0.280 0.100 0.175 0.165 0120WB VIS-WB 0.165 -0.005 1161.2 0.465 0.750 96.77 16/11/2022 0.010 0.005 0.005 0.005 0069WC VIVOCOM-WC 0.005 Unch 1 0.015 0.070 400.00 22/01/2020 0.005 0.001 0.005 0.005 0069WD VIVOCOM-WD 0.005 Unch 1 0.015 0.070 400.00 08/07/2020 0.010 0.005 — — 0069WE VIVOCOM-WE 0.005 — — 0.015 0.050 266.67 22/08/2023 0.670 0.310 0.400 0.400 7070WC VIZIONE-WC 0.400 Unch 3 0.885 0.700 24.29 05/02/2022 0.185 0.085 0.150 0.145 696315 VS-C15 0.145 -0.005 200 1.330 1.080 3.01 29/11/2019 0.265 0.155 0.235 0.235 696318 VS-C18 0.235 0.010 3.1 1.330 0.950 6.77 31/01/2020 0.135 0.075 0.110 0.110 696319 VS-C19 0.110 -0.005 54 1.330 1.250 14.66 31/01/2020 0.155 0.080 0.130 0.130 696320 VS-C20 0.130 0.005 15 1.330 1.280 15.79 30/06/2020 0.115 0.090 0.100 0.100 696322 VS-C22 0.100 Unch 20 1.330 1.420 21.80 29/05/2020 0.105 0.075 0.085 0.085 696323 VS-C23 0.085 -0.005 209 1.330 1.400 22.52 30/04/2020 0.110 0.025 — — 967917 WCT-C17 0.025 — — 0.870 1.050 29.31 09/12/2019 0.195 0.070 0.070 0.070 967918 WCT-C18 0.070 -0.010 10 0.870 0.935 23.56 30/04/2020 0.140 0.035 — — 967919 WCT-C19 0.040 — — 0.870 1.100 34.71 20/12/2019 0.170 0.065 — — 967920 WCT-C20 0.065 — — 0.870 1.060 36.78 29/05/2020 0.200 0.045 0.055 0.050 9679WE WCT-WE 0.055 Unch 1962 0.870 2.080 145.40 27/08/2020 0.180 0.085 0.090 0.085 0197WA WEGMANS-WA 0.090 Unch 35 0.275 0.300 41.82 13/01/2022 0.170 0.050 0.100 0.095 0162WA WIDAD-WA 0.100 Unch 7961.7 0.365 0.350 23.29 05/08/2023 0.160 0.135 — — 5246C1 WPRTS-C1 0.140 — — 4.350 4.000 3.22 23/01/2020 0.120 0.080 — — 5246C2 WPRTS-C2 0.100 — — 4.350 4.000 1.15 29/05/2020 0.130 0.125 — — 5246C3 WPRTS-C3 0.130 — — 4.350 4.050 8.05 26/06/2020 0.165 0.070 0.135 0.125 7245WA WZSATU-WA 0.135 Unch 3039.3 0.280 0.380 83.93 28/10/2024 0.030 0.005 0.015 0.010 5156WD XDL-WD 0.015 0.005 536.7 0.080 0.180 143.75 17/01/2022 0.150 0.005 — — 7003WA Y&G-WA 0.005 — — 0.045 1.000 2,133 16/11/2019 0.240 0.140 — — 7293C1 YINSON-C1 0.175 — — 7.060 6.600 8.36 31/01/2020 0.140 0.075 0.120 0.115 7293C2 YINSON-C2 0.120 0.005 350 7.060 6.750 7.51 29/05/2020 0.155 0.060 — — 7293C3 YINSON-C3 0.075 — — 7.060 7.800 17.39 20/02/2020 0.160 0.110 0.115 0.115 7293C4 YINSON-C4 0.115 -0.005 40 7.060 6.880 12.11 30/04/2020 0.125 0.070 0.085 0.085 7293C5 YINSON-C5 0.085 Unch 170 7.060 7.880 21.25 08/05/2020 0.590 0.095 — — 7293CW YINSON-CW 0.530 — — 7.060 4.350 -0.85 31/12/2019 0.470 0.285 — — 7293CZ YINSON-CZ 0.375 — — 7.060 5.500 1.81 23/01/2020 0.035 0.005 — — 7020WB YKGI-WB 0.005 — — 0.100 0.500 405.00 28/05/2020 0.415 0.025 0.030 0.025 7066WA YONGTAI-WA 0.025 -0.010 102.1 0.195 0.500 169.23 24/06/2020 0.130 0.005 — — 467723 YTL-C23 0.005 — — 0.498 1.250 152.01 29/11/2019 0.045 0.010 — — 467728 YTL-C28 0.030 — — 0.940 1.080 22.87 08/05/2020 0.105 0.100 — — 674210 YTLPOWR-C10 0.105 — — 0.735 0.800 23.13 30/10/2020 0.125 0.015 — — 6742C8 YTLPOWR-C8 0.015 — — 0.735 0.900 24.49 29/11/2019 0.020 0.005 — — 6742C9 YTLPOWR-C9 0.005 — — 0.735 1.080 48.30 04/11/2019

Main Market & Ace Market Warrants

MarketsI N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X

MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY 3 0

ADVANCED PACKAGING 1,616,262 BRILLIANT SMART INTERNATIONAL 1,616,262 16/10 TECHNOLOGY (M) LTD., VIRGIN ISLANDS, BRITISHALLIANCE BANK MALAYSIA 1,096,800 EMPLOYEES PROVIDENT FUND BOARD 205,026,740 14/10AXIATA GROUP (326,600) EMPLOYEES PROVIDENT FUND BOARD 1,453,725,341 16/10AXIS REAL ESTATE (577,800) EMPLOYEES PROVIDENT FUND BOARD 188,419,388 14/10INVESTMENT TRUSTAXIS REAL ESTATE 200,000 KUMPULAN WANG PERSARAAN 147,705,537 16/10INVESTMENT TRUST (DIPERBADANKAN)CARIMIN PETROLEUM (200,000) MOKHTAR HASHIM 58,023,234 15/10CHINA OUHUA WINERY LTD (133,600,000) HUA XIN INTERNATIONAL LTD., CHINA 182,400,000 16/10COMFORT GLOVES 270,000 DATO LAU ENG GUANG 132,806,200 16/10CYPARK RESOURCES (261,700) EMPLOYEES PROVIDENT FUND BOARD 36,021,750 14/10DIALOG GROUP (3,960,800) EMPLOYEES PROVIDENT FUND BOARD 455,205,416 14/10DIALOG GROUP 3,872,200 KUMPULAN WANG PERSARAAN 283,536,067 16/10 (DIPERBADANKAN)DIGI.COM (143,400) EMPLOYEES PROVIDENT FUND BOARD 1,016,400,590 14/10FGV 1,990,400 KUMPULAN WANG PERSARAAN 206,325,400 16/10 (DIPERBADANKAN)FRASER & NEAVE (168,900) EMPLOYEES PROVIDENT FUND BOARD 38,602,430 14/10GAMUDA (1,018,400) EMPLOYEES PROVIDENT FUND BOARD 308,548,905 14/10GLOBAL ORIENTAL 153,500 DATO’ CHOO CHUO SIONG 39,866,400 14 TO 16/10HARTALEGA 2,358,205 EMPLOYEES PROVIDENT FUND BOARD 202,528,500 14/10HB GLOBAL LIMITED (8,850,000) AGRO GLOBAL LIMITED 38,477,540 14 & 15/10HOCK SENG LEE 186,100 DATO YU CHEE HOE 7,219,653 16/10HONG LEONG BANK (1,300,000) EMPLOYEES PROVIDENT FUND BOARD 253,589,621 14/10HPMT HOLDINGS 178,200 KU HE @ KHOO YEE HER 210,723,300 15/10IGB REAL ESTATE (350,000) KUMPULAN WANG PERSARAAN 190,256,600 16/10INVESTMENT TRUST (DIPERBADANKAN)IJM CORPORATION (347,500) KUMPULAN WANG PERSARAAN 260,581,500 16/10 (DIPERBADANKAN)IJM CORPORATION 300,000 EMPLOYEES PROVIDENT FUND BOARD 564,220,018 14/10IMASPRO CORPORATION 400,000 TONG CHIN HEN 37,847,064 14/10INARI AMERTRON (2,349,000) EMPLOYEES PROVIDENT FUND BOARD 221,628,700 14/10IOI CORPORATION 200,000 PROGRESSIVE S/B 3,013,319,480 14/10JERASIA CAPITAL 380,000 TEOH CHENG HUA 4,823,000 16/10LBS BINA GROUP 260,000 GATERICH S/B 645,969,354 14 & 15/10LIEN HOE CORPORATION 426,400 CHRISTINE HOLDING S/B 196,920,197 15 & 16/10MALAYAN BANKING (1,815,600) EMPLOYEES PROVIDENT FUND BOARD 1,406,293,391 14/10MBM RESOURCES (251,200) EMPLOYEES PROVIDENT FUND BOARD 36,832,391 14/10MERGE ENERGY 985,000 ANJURAN UTAMA S/B 5,417,000 17/10METRONIC GLOBAL 66,518,000 TAJUL KHALIL MOHAMMAD 66,518,000 15/10MISC (3,766,800) EMPLOYEES PROVIDENT FUND BOARD 230,249,411 11/10MISC (2,693,000) EMPLOYEES PROVIDENT FUND BOARD 234,016,211 10/10PADINI 223,200 EMPLOYEES PROVIDENT FUND BOARD 55,124,200 14/10PAVILION REAL ESTATE 2,459,100 EMPLOYEES PROVIDENT FUND BOARD 209,395,203 14/10INVESTMENT TRUSTPERAK TRANSIT 1,000,000 DATO’ SRI CHEONG KONG FATT 539,304,406 17/10PERAK TRANSIT 1,000,000 DATO’ SRI CHEONG KONG FITT 539,304,406 17/10PETRONAS CHEMICALS GROUP 1,291,900 EMPLOYEES PROVIDENT FUND BOARD 569,558,500 14/10PETRONAS DAGANGAN (100,000) EMPLOYEES PROVIDENT FUND BOARD 65,586,011 14/10RANHILL (700,000) LEMBAGA TABUNG HAJI 53,812,300 16/10SIME DARBY (1,605,500) EMPLOYEES PROVIDENT FUND BOARD 654,552,375 14/10SIME DARBY 2,000,000 AMANAHRAYA TRUSTEE 2,846,386,000 15/10 - AMANAH SAHAM BUMIPUTERASIME DARBY PROPERTY (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 744,103,110 14/10SUNWAY REAL ESTATE (988,900) KUMPULAN WANG PERSARAAN 174,434,600 16/10INVESTMENT TRUST (DIPERBADANKAN)SUNWAY REAL ESTATE (329,700) EMPLOYEES PROVIDENT FUND BOARD 433,679,600 14/10INVESTMENT TRUSTSYARIKAT TAKAFUL MALAYSIA (980,300) EMPLOYEES PROVIDENT FUND BOARD 48,117,847 14/10KELUARGATELEKOM MALAYSIA (1,614,400) EMPLOYEES PROVIDENT FUND BOARD 629,378,600 14/10TELEKOM MALAYSIA 3,054,700 KUMPULAN WANG PERSARAAN 191,899,139 16/10 (DIPERBADANKAN)TENAGA NASIONAL 766,800 EMPLOYEES PROVIDENT FUND BOARD 865,150,782 14/10TH PLANTATIONS (1,071,900) EMPLOYEES PROVIDENT FUND BOARD 60,317,540 14/10TIME DOTCOM 480,600 EMPLOYEES PROVIDENT FUND BOARD 59,751,400 14/10TOP GLOVE CORPORATION 836,000 EMPLOYEES PROVIDENT FUND BOARD 191,494,722 14/10WCT 232,300 EMPLOYEES PROVIDENT FUND BOARD 133,990,928 14/10WESTPORTS (1,742,500) EMPLOYEES PROVIDENT FUND BOARD 172,410,900 14/10YINSON (1,301,400) KUMPULAN WANG PERSARAAN 103,753,700 16/10 (DIPERBADANKAN)YTL POWER INTERNATIONAL (4,316,175) EMPLOYEES PROVIDENT FUND BOARD 388,153,334 14/10

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on October 17, 2019)Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

Note: Run your fi nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your fi nger until that line intersects with the vertical column of the currency you wish to buy. The fi gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

Foreign exchange rates NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.572 0.639 0.628 0.492 0.838 0.871 0.871 0.931 2.6749 4.522 53.971 4.272 2.346 9,031 45.399 69.248 5.849 32.727 2.338 2.396 6.158 19.340 5.009

EURO 1.749 1.117 1.099 0.861 1.466 1.524 1.524 1.629 4.6793 7.911 94.413 7.472 4.104 15,798 79.418 121.138 10.232 57.251 4.091 4.191 10.772 33.832 8.763

US $ 1.566 0.895 0.984 0.771 1.312 1.364 1.364 1.458 4.1880 7.081 84.500 6.688 3.673 14,139 71.079 108.419 9.158 51.240 3.661 3.751 9.641 30.280 7.843

SWISS FR 1.591 0.910 1.016 0.783 1.334 1.386 1.386 1.482 4.2561 7.196 85.874 6.797 3.733 14,369 72.235 110.182 9.307 52.073 3.721 3.812 9.798 30.772 7.970

STERLING £ 2.031 1.161 1.297 1.277 1.703 1.770 1.770 1.892 5.4335 9.186 109.630 8.677 4.765 18,344 92.218 140.662 11.882 66.479 4.750 4.866 12.508 39.285 10.175

CANADA $ 1.193 0.682 0.762 0.750 0.587 1.039 1.039 1.111 3.1911 5.395 64.386 5.096 2.799 10,773 54.160 82.611 6.978 39.043 2.790 2.858 7.346 23.072 5.976

BRUNEI $ 1.148 0.656 0.733 0.721 0.565 0.962 1.000 1.069 3.0702 5.191 61.947 4.903 2.693 10,365 52.108 79.481 6.714 37.564 2.684 2.750 7.068 22.198 5.749

SINGAPORE $ 1.148 0.656 0.733 0.721 0.565 0.962 1.000 1.069 3.0702 5.191 61.947 4.903 2.693 10,365 52.108 79.481 6.714 37.564 2.684 2.750 7.068 22.198 5.749

AUSTRALIA $ 1.074 0.614 0.686 0.675 0.529 0.900 0.935 0.935 2.8717 4.855 57.941 4.586 2.518 9,695 48.739 74.342 6.280 35.135 2.511 2.572 6.611 20.763 5.378

MALAYSIA RM 0.374 0.214 0.239 0.235 0.184 0.313 0.326 0.326 0.348 1.0000 1.691 20.177 1.597 0.877 3,376 16.972 25.888 2.187 12.235 0.874 0.896 2.302 7.230 1.873

100 CHINESE RMB 22.112 12.640 14.123 13.897 10.886 18.535 19.265 19.265 20.597 59.1480 1,193 94.454 51.872 199,689 1,003.870 1,531 129.342 723.673 51.709 52.972 136.160 427.651 110.761

100 BANGLAD’H TAKA 1.853 1.059 1.183 1.164 0.912 1.553 1.614 1.614 1.726 4.9562 8.379 7.915 4.347 16,733 84.118 128.306 10.838 60.639 4.333 4.439 11.409 35.834 9.281

100 DANISH KRONER 23.411 13.383 14.952 14.713 11.525 19.624 20.396 20.396 21.806 62.6210 105.87 1,263 54.918 211,415 1,062.81 1,621 136.94 766.17 54.75 56.08 144.16 452.76 117.26

100 UAE DIRHAM 42.629 24.368 27.227 26.792 20.986 35.733 37.140 37.140 39.707 114.0274 192.78 2,301 182.09 384,968 1,935 2,952 249.35 1,395 99.69 102.12 262.49 824.44 213.53

1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0296 0.050 0.598 0.047 0.026 0.503 0.767 0.065 0.362 0.026 0.027 0.068 0.214 0.055

100 INDIA RUPEE 2.203 1.259 1.407 1.384 1.084 1.846 1.919 1.919 2.052 5.8920 9.961 118.881 9.409 5.167 19,892 152.532 12.884 72.088 5.151 5.277 13.564 42.600 11.033

100 JAPAN YEN 1.444 0.826 0.922 0.908 0.711 1.210 1.258 1.258 1.345 3.8628 6.531 77.939 6.169 3.388 13,041 65.560 8.447 47.261 3.377 3.459 8.892 27.929 7.234

100 NORWEGIAN KRONER 17.096 9.773 10.919 10.745 8.416 14.330 14.895 14.895 15.924 45.7300 77.315 923 73.027 40.104 154,389 776.137 1,184 559.505 39.979 40.955 105.272 330.636 85.635

100 PHILIPPINE PESO 3.056 1.747 1.952 1.920 1.504 2.561 2.662 2.662 2.846 8.1733 13.818 164.910 13.052 7.168 27,594 138.719 211.590 17.873 7.145 7.320 18.815 59.094 15.305

100 QATAR RIYAL 42.763 24.445 27.313 26.876 21.052 35.845 37.257 37.257 39.832 114.3856 193.389 2,308 182.663 100.314 386,177 1,941 2,961 250.133 1,400 102.442 263.319 827.029 214.200

100 SAUDI RIYAL 41.743 23.862 26.662 26.235 20.550 34.991 36.369 36.369 38.883 111.6592 188.779 2,253 178.310 97.923 376,972 1,895 2,891 244.171 1,366 97.616 257.042 807.317 209.095

100 SWEDISH KRONOR 16.240 9.283 10.372 10.207 7.995 13.613 14.149 14.149 15.127 43.4400 73.443 876.476 69.370 38.096 146,658 737.271 1,125 94.992 531.487 37.977 38.904 314.079 81.346

100 THAI BAHT 5.171 2.956 3.303 3.250 2.545 4.334 4.505 4.505 4.816 13.8309 23.384 279.062 22.087 12.129 46,694 234.740 358.054 30.245 169.221 12.091 12.387 31.839 25.900

100 HK$ 19.964 11.412 12.751 12.547 9.828 16.734 17.393 17.393 18.596 53.4013 90.284 1,077.462 85.277 46.832 180,288 906.336 1,382 116.775 653.363 46.685 47.825 122.931 386.101

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

IOIPG 1.120 1.080 1.080 6337.5PMETAL-C29 0.005 0.005 0.005 300POS-C39 0.185 0.180 0.180 10AXIATA-C46 0.125 0.120 0.120 80POS-C37 0.110 0.100 0.100 293MAHSING 0.765 0.740 0.750 9147.7SERBADK-CQ 0.075 0.070 0.075 125SPSETIA 1.340 1.250 1.250 10309.4SMRT 0.095 0.085 0.090 471SUNWAY-CV 0.055 0.050 0.050 40CIMB-C57 0.065 0.060 0.060 200SERBADK-CW 0.130 0.120 0.120 198SERBADK-CU 0.090 0.090 0.090 11SUNCON-CY 0.040 0.040 0.040 100XIAOMI-C3 0.040 0.040 0.040 10A50CHIN-C44 0.120 0.095 0.095 50MYEG-C70 0.010 0.010 0.010 10SP500-HI 0.145 0.130 0.135 3242MAYBANKC60 0.095 0.095 0.095 10BPLANT 0.610 0.600 0.605 832.2POS-C42 0.060 0.060 0.060 400POS-C43 0.110 0.105 0.105 638.2VERSATL 0.305 0.275 0.275 9.9GENM-C54 0.010 0.005 0.010 101.8HSI-H8I 0.360 0.340 0.360 153DAYANG-C1 0.140 0.130 0.130 960

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)

FRONTKN 1.900 1.810 1.900 8863.9SCIENTX 9.500 9.010 9.500 553.7MAYBANKC61 0.090 0.065 0.090 55.1BAT-CR 0.155 0.150 0.155 160FRONTKN-CA 0.220 0.200 0.220 1538FRONTKN-CF 0.105 0.095 0.105 1380FRONTKN-CD 0.115 0.105 0.110 3677FRONTKN-CH 0.140 0.130 0.140 100.4PWROOT 2.180 2.140 2.180 296.1PERMAJU 0.725 0.675 0.695 6491.3SCIB 1.410 1.320 1.390 1068.1FRONTKN-CG 0.170 0.160 0.170 558.7GTRONIC-CZ 0.200 0.200 0.200 10INARI-C48 0.155 0.140 0.150 3568KAB 0.590 0.510 0.555 3782HEIM 25.500 25.100 25.460 48SERNKOU 0.850 0.825 0.850 3118UWC 1.940 1.840 1.900 6361NOTION 0.805 0.745 0.750 7904.2GCB-CI 0.235 0.225 0.230 1788.7MMAG-PA 0.210 0.200 0.210 191.8THETA 0.565 0.505 0.550 2492.1MMAG 0.390 0.370 0.380 1135.3MYEG-C83 0.075 0.055 0.065 2695ARMADA-C53 0.205 0.195 0.200 2066FPGROUP 0.490 0.460 0.475 11523.1

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

2019 asset performance

Local event to watch out for today

While every eff ort is made to ensure accuracy, the information presented is not an exhaustive list and is not an offi cial record of shareholder fi lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the offi cial fi lings fi led with Bursa Malaysia. Note: * denotes Ace Market

• Nil

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

MONDAY OCTOBER 21, 2019 • THEED G E FINANCIAL DAILY

Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

OCT/NOV 0.5 0.0 0.5

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

NOV/DEC -38NOV/JAN -79NOV/FEB -120DEC/JAN -41

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -97.853 MONTHS AVERAGE -112.206 MONTHS AVERAGE -113.23

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

NOV-19 2,208 16 1,187 6,776 -328DEC-19 2,246 25 4,904 32,152 -1,881JAN-20 2,285 26 19,319 64,292 167FEB-20 2,326 28 5,728 22,332 -202MAR-20 2,358 27 5,076 28,381 -346

Palm oil up for fourth session as soyoil gains

CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

Oil falls as China’s economy outweighs bullish signals

METAL & PRECIOUS METALSTIN US$/TON KLTM 16,850 100COPPER USC/IBS CMX 2.6360 0.0385GOLD US$/TROY OZ CMX 1,490.00 -4.20PLATINUM US$/TROY OZ NYMEX 895.00 2.80PALLADIUM US$/TROY OZ NYMEX 1,709.40 -11.00SILVER USC/TROY OZ CMX 17.53 -0.03ALUMINIUM RMB/TON SHF 13,855 10ZINC RMB/TON SHF 18,970 130

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 53.78 -0.15HEATING OIL USC/GAL NYMEX 1.9298 -0.0035NATURAL GAS US$/MMBTU NYMEX 2.517 0.001BRENT CRUDE US$/BBL ICE 59.42 -0.49GAS OIL US$/TON ICE 589.25 5.25

CRUDE PALM OIL RM/TON MDEX 2,285 26RUBBER SEN/KG MRB 544.50 5.00CORN USC/BSH CBOT 391.00 -3.75SOYBEANS USC/BSH CBOT 934.00 2.50WHEAT USC/BSH CBOT 532.25 6.75LIVE CATTLE USC/IBS CME 113.625 -0.750COCOA US$/TON NYBOT 2,514 3COFFEE USC/IBS NYBOT 99.25 2.85SUGAR USC/IBS NYBOT 12.42 0.08COTTON USC/IBS NYC 66.30 0.41

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Oct 18, 2019

200

625

1050

1475

1900

544.50(+5.00)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1 - 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

JUL’19 AUG’19 SEP’19

366/368 476/512 338/393 658/656 752/765 701/670 926/909 984/1028 945/917 1,151/1,124 1,379/1,365 1,103/1,097 1,438/1,380 1,662/1,645 1,328/1,304

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

19801,568.50

(-7.50)

Oct 18, 2019

Klibor

Implied interest rate (%)

Oct 1, 2000

3.60(Unch)

Oct 18, 2019

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

426.50(+3.50)

Oct 18, 2019

300

500

700

900

1100

CPO futures

FBM KLCI futures

NOV9 96.40 — — —DEC9 96.40 — — —MAR0 96.40 — — —JUN0 96.40 — — —SEP0 96.40 — — —DEC0 96.40 — — —MAR1 96.40 — — —JUN1 96.40 — — —SEP1 96.40 — — —DEC1 96.40 — — —MAR2 96.40 — — —JUN2 96.40 — — —SEP2 96.40 — — —DEC2 96.40 — — —MAR3 96.40 — — —JUN3 96.40 — — —SEP3 96.40 — — —DEC3 96.40 — — —MAR4 96.40 — — —JUN4 96.40 — — —SEP4 96.40 — — —DEC-99 — — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures closed higher last Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit off set ongoing concerns over buying from India. The benchmark palm oil contract for January delivery on Bursa Malaysia Derivatives ended 1.2% higher at RM2,285. China’s Dalian Commodity Exchange’s (DCE) January soyoil contract and the US soyoil futures on the US Chicago Board of Trade rose 0.2% and 0.1% respectively, while DCE’s January palm oil contract last fell 0.2%. Palm oil is aff ected by price movements in related oils as they compete for a share in the global vegetable oils market. It fell as much as 0.5% earlier in the session, also in line with movement on the DCE. Palm oil prices had been affected by “ongoing tension between India and Malaysia as Indian buyers ... favour Indonesian off ers for any fresh positions,” said Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based vegetable oil broker, although a weaker ringgit was limiting losses. Th e ringgit fell 0.2% against the US dollar last Friday. Malaysia said last week it would work diplomatically with India if it decided to restrict imports of Malaysian palm oil after Kuala Lumpur criticised India’s actions in Kashmir. — Reuters

JUN’19 JUL’19 AUG’19 SEP’19

1,519 1,738 1,822 1,842 1,383 1,485 1,733 1,409 2,424 2,391 2,252 2,448

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 416 19.00% 396 18.00% 375SOUTH 20.00% 421 19.00% 400 18.00% 379CENTRAL 20.00% 420 19.00% 398 18.00% 379EAST COAST 20.00% 417 19.00% 397 18.00% 376SABAH 22.00% 406 21.00% 387 20.00% 369SARAWAK 22.00% 409 21.00% 390 20.00% 372

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) SEP’19 OCT’19 NOV’19

CPO DELD 2,111.50 2,175.00 NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD NO TRADE 2,364.50 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 lower last Friday, as concerns about China’s economy outweighed bullish signals from its refi ning sector, but losses were limited on hopes for progress towards a US-China trade agreement. Brent crude oil futures fell 49 US cents to settle at US$59.42 a barrel. US West Texas Intermediate (WTI) crude futures lost 15 US cents to settle at US$53.78 a barrel. For the week Brent fell 1.8%, while WTI lost 1.7%. China’s economic growth slowed to 6% year-on-year in the third quarter, its weakest in 27½-years and short of expectations due to soft factory production and continuing trade tensions with the US. China’s September refi nery throughput, however, rose 9.4% year-on-year, a signal that petroleum demand from the world’s biggest oil importer remained robust despite economic headwinds. — Reuters

Commodities

higher on improved market undertone and buying momentum. — Bernama

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Oct 18, 2019

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+26)2,285

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Oct 18, 2019

0.3083(RM2,844/tonne)

2,285(+26) 0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e US dollar fell sharply against the euro last Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union (EU) could improve the odds of the eurozone avoiding a recession for now. In one of the most striking fl ourishes of the three-year Brexit drama, British Prime Minister Boris Johnson confounded his opponents last Th ursday by clinching a new deal with the EU, even though the bloc had promised it would never reopen a treaty it agreed last year. Th e euro has been rattled this year by dismal manufacturing data and by worries that deepening economic tensions between the US and China could slow eurozone economies even further. Th e euro was up 0.32% at US$1.1158, a near two-month high. — Reuters

US dollar weak as Brexit deal boosts euro, sterling

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended lower last Friday, in line with the weaker performance of the cash market. At the close, spot months October 2019 and March 2020 shed 7.5 points each to 1,568.5 and 1,570.5 respectively, while November 2019 and December 2019 slipped seven points each to 1.569 and 1,571.5 respectively. Turnover reduced to 4,292 lots from 4,947 lots last Th ursday, while open interest increased to 31,418 contracts from 31,308 contracts. At 5pm, the benchmark KLCI was 3.35 points easier at 1,571.15. Phillip Capital Management senior vice president (investment) Datuk Dr Nazri Khan Adam Khan said following Wall Street’s bullish performance, the KLCI should move

KLCI futures end lower with weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 Oct 18, 2019

53.78(-0.15)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Oct 18, 2019

700

1020

1340

1660

1980

1,490.00(-4.20)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

0.50(Unch)

Oct 18, 2019

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.0

79.5

88.0

96.5

105.0

97.282(-0.325)

Oct 18, 2019

FBMKLCI 1,571.15 -3.35 96.26M OCT 19 1,568.50 -7.50 4,015 29,767 -157NOV 19 1,569.00 -7.00 173 650 -17DEC 19 1,571.50 -7.00 80 748 5MAR 20 1,570.50 -7.50 24 253 -1TOTAL 4,292 31,418 -170

OCT 19 14 1.79 0.47 1.32NOV 19 43 5.78 3.56 2.22ROLL’S FAIR 0.90

MONDAY OCTOBER 21, 2019 • THEEDGE FINANCIAL DAILY 3 2

Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

RESEARCH: TAI TS [tai@bizedge.com]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)HONG LEONG BANK 0.54 0.160 17.000 1552.3PETRONAS CHEMICAL 0.50 0.040 7.380 3055.0CIMB GROUP 0.45 0.030 5.000 8081.4TENAGA NASIONAL 0.35 0.040 13.800 1739.0AMMB 0.33 0.070 4.020 4077.7DIALOG GROUP 0.26 0.030 3.470 7878.1MALAYSIA AIRPORT 0.23 0.090 8.130 7517.2HAP SENG CONSOLIDATED -0.23 -0.060 9.850 216.4MAYBANK -0.35 -0.020 8.500 7097.0GENTING -0.42 -0.070 5.700 4233.8PRESS METAL -0.50 -0.080 4.770 967.1MISC -0.55 -0.080 8.300 7274.0DIGI.COM -0.60 -0.050 4.690 8075.3SIME DARBY PLANTATION -0.64 -0.060 4.810 1311.4IHH HEALTHCARE -0.95 -0.070 5.670 2513.0IOI CORP -1.46 -0.150 4.250 1119.2SUB-TOTAL -3.05 OTHERS -0.30 GRAND TOTAL -3.35

1,578.50 1,566.50 1,579.00 1,567.00 1,581.00 1,570.00

Market movers

DOW JONES 26,770.20 -255.68S&P 500 2,986.20 -11.75NASDAQ 100 7,868.49 -73.65FTSE 100 7,150.57 -31.75AUSTRALIA 6,649.70 -35.00CHINA 2,938.14 -39.19HONG KONG 26,719.58 -128.91INDIA 39,298.38 246.32

INDONESIA 6,191.95 10.93JAPAN 22,492.68 40.82KOREA 2,060.69 -17.25PHILIPPINES 7,885.23 -45.32SINGAPORE 3,114.16 -11.98TAIWAN 11,180.22 -6.66THAILAND 1,631.43 -1.37VIETNAM 989.20 -0.62

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

AEONCR 16.400 0.800SCIENTX 9.500 0.430HEIM 25.460 0.220F&N 35.200 0.200MPI 10.600 0.200HLBANK 17.000 0.160GCB 4.920 0.140INARI-C33 0.600 0.135CANONE 3.380 0.130BAT 19.820 0.120SEB 0.740 0.120BURSA 6.190 0.110

CARLSBG 26.000 -0.960GENP 9.800 -0.280UTDPLT 24.780 -0.220QL 7.030 -0.220AMWAY 5.620 -0.200IOICORP 4.250 -0.150SBAGAN 2.850 -0.150SUNCON 1.890 -0.140KLK 21.500 -0.120PANAMY 37.540 -0.120HSI-H8L 1.210 -0.120MAGNUM 2.760 -0.110

Top gainers and losers (ranked by RM)

 DBE-WB 0.010 100.00KANGER-WA 0.030 50.00MBSB-C24 0.015 50.00XDL-WD 0.015 50.00BORNOIL-WC 0.015 50.00PBBANK-C36 0.020 33.33HOMERIZ-WA 0.020 33.33BORNOIL-WD 0.020 33.33MITRA-WD 0.020 33.33INARI-C33 0.600 29.03UNISEM-C16 0.045 28.57MAYBANKC61 0.090 28.57

MYEG-C70 0.010 -87.50PMETAL-C29 0.005 -87.50AIRPORT-C6 0.010 -66.67TENAGA-C54 0.015 -62.50XIAOMI-C3 0.040 -50.00HSI-C5X 0.005 -50.00SUMATEC-WA 0.005 -50.00MERIDIAN-WB 0.005 -50.00MYEG-C74 0.030 -45.45AIRPORT-C12 0.080 -44.83EAH 0.010 -33.33MYEG-C69 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by%age)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

DBE-WB 0.010 100.00KANGER-WA 0.030 50.00MBSB-C24 0.015 50.00XDL-WD 0.015 50.00BORNOIL-WC 0.015 50.00PBBANK-C36 0.020 33.33HOMERIZ-WA 0.020 33.33BORNOIL-WD 0.020 33.33MITRA-WD 0.020 33.33INARI-C33 0.600 29.03UNISEM-C16 0.045 28.57MAYBANKC61 0.090 28.57

MYEG-C70 0.010 -87.50PMETAL-C29 0.005 -87.50AIRPORT-C6 0.010 -66.67TENAGA-C54 0.015 -62.50XIAOMI-C3 0.040 -50.00HSI-C5X 0.005 -50.00SUMATEC-WA 0.005 -50.00MERIDIAN-WB 0.005 -50.00MYEG-C74 0.030 -45.45AIRPORT-C12 0.080 -44.83MYEG-C69 0.010 -33.33MACPIE-WA 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by%age)

PUC 108,061 0.00 0.000 0.055 0.060 0.050MYEG 84,191 0.80 0.010 1.260 1.310 1.160GPACKET-WB 83,901 1.56 0.005 0.325 0.325 0.320KNM-WB 71,763 2.78 0.005 0.185 0.205 0.175HSI-C7F 61,723 -9.46 -0.035 0.335 0.395 0.325HSI-H8B 57,960 10.81 0.020 0.205 0.210 0.165IFCAMSC 48,259 18.03 0.055 0.360 0.370 0.310IMPIANA 37,595 0.00 0.000 0.025 0.025 0.020YTLPOWR 35,226 -2.00 -0.015 0.735 0.755 0.730HSI-H8F 30,698 6.98 0.030 0.460 0.465 0.400MYEG-C82 28,499 -6.67 -0.005 0.070 0.075 0.055PESONA-WC 26,858 -33.33 -0.005 0.010 0.020 0.005SAPNRG-WA 25,708 4.17 0.005 0.125 0.130 0.120HSI-H8E 24,363 5.26 0.010 0.200 0.205 0.175DATAPRP 23,319 17.65 0.030 0.200 0.210 0.170SIMEPROP 21,751 -1.85 -0.015 0.795 0.810 0.780

STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ('000) (%) (RM) (RM) (RM) (RM)

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares traded for a particular counter on the previous trading day is more than triple the average volume for the last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of market expectations for these counters.

UNUSUAL MARKET ACTIVITIES

* How stock price changes affected the index on the previous trading day

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Oct 18, 2019

1,571.15(-3.35)

1,572.71

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1566.0

1567.3

1568.6

1569.9

1571.2

1572.5

1573.8

1575.1

1576.4

1577.7

1579.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,568.50(-7.50)

1,571.15(-3.35)

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.

OCT 19 1,568.50 -7.50NOV 19 1,569.00 -7.00DEC 19 1,571.50 -7.00

You cannot shake hands with a clenched fi st.— Indira Gandhi

KNM 123,546.6 0.010 2.25 0.455 — 0.00PUC 108,061.4 UNCH UNCH 0.055 12.50 0.00MTAG 94,291.6 0.025 5.15 0.510 9.03 0.00SAPNRG 93,570.0 -0.005 -1.82 0.270 — 2.44ARMADA 91,106.5 0.005 1.14 0.445 — 1.07MYEG 84,191.1 0.010 0.80 1.260 52.08 1.52GPACKET-WB 83,901.2 0.005 1.56 0.325 — 0.00KNM-WB 71,762.8 0.005 2.78 0.185 — 0.00HSI-C7F 61,723.3 -0.020 -5.63 0.335 — 0.00HSI-H8B 57,959.8 0.015 7.89 0.205 — 0.00MNC 56,036.1 UNCH UNCH 0.025 — 0.00IFCAMSC 48,259.1 0.055 18.03 0.360 16.76 3.28IMPIANA 37,595.0 UNCH UNCH 0.025 — 0.00YTLPOWR 35,226.2 -0.015 -2.00 0.735 12.52 6.67HSI-H8F 30,697.8 0.020 4.55 0.460 — 0.00ISTONE 29,120.1 0.005 2.00 0.255 20.33 0.00MYEG-C82 28,499.0 -0.005 -6.67 0.070 — 0.00PESONA-WC 26,857.5 -0.005 -33.33 0.010 — 0.00SAPNRG-WA 25,707.5 0.005 4.17 0.125 — 0.00HSI-H8E 24,363.0 0.010 5.26 0.200 — 0.00

1,571.15 3.35 4,783.24 11.42 3,114.16 11.98 22,492.68 40.82 26,719.58 128.91 26,770.20 255.681,571.15 3.35 4,783.24 11.42 3,114.16 11.98 22,492.68 40.82 26,719.58 128.91 26,770.20 255.68KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,571.15 3.35 4,783.24 11.42 3,114.16 11.98 22,492.68 40.82 26,719.58 128.91 1,571.15 3.35 4,783.24 11.42 3,114.16 11.98 22,492.68 40.82 26,719.58 128.91

KUALA LUMPUR: Th e FBM KLCI ended 3.35 points or 0.21% lower last Friday at 1,571.15 after China said its economy, as measured by gross domestic product (GDP), grew 6% in the third quarter of 2019 (3Q19) from a year earlier. China’s 3Q19 GDP growth, which missed market forecast, slowed from 2Q19’s 6.2% expansion. Such sentiment weakened world markets because China is the world’s second-largest economy and also a major importer of global goods. Reuters reported that China’s economic growth slowed more than expected to 6% year-on-year in 3Q19, the weakest pace in at least 27½ years, as demand at home and abroad faltered amid a bruising US-China trade war. It was reported that analysts polled by Reuters had forecast China’s GDP to grow 6.1% in the July to September quarter from a year earlier. “Asian stocks stumbled on (last) Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal,” Reuters reported. Fund managers said a lack of market catalysts could have also resulted in the lower KLCI close. “Despite the developments around Brexit, trade talks between US and China and the optimism from (Malaysia’s) Budget 2020, the market declined due to a lack of catalysts,” Areca Capital Sdn Bhd chief executive offi cer Danny Wong Teck Meng told theedgemarkets.com. — by Ahmad Naqib Idris

KLCI ends down on China GDP missing market forecast

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X PA G E 3 0

G L O BA L M A R K E T S PA G E 2 9

M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5