WEDNESDAY MAY 23, 2018 ISSUE 2655/2018 …tefd.theedgemarkets.com/2018/TEP/20180523jh87ot.pdf · ence yesterday, Syed Danial said the Rulers had already issued a statement on the

FBM KLCI 1845.03 8.55 KLCI FUTURES 1846.00 6.00 STI 3543.18 5.05 RM/USD 3.9655 CPO RM2474.00 28.00 OIL US$79.53 0.31 GOLD US$1294.20 3.30

Malaysia’s credit rating threatened by GST removal 7 H O M E B U S I N E S S

FINANCIALDAILY

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

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM1.50

WEDNESDAY MAY 23, 2018 ISSUE 2655/2018

2

2

2

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

1 2 P R O P E R T Y

1 7 H O M E

Kuok: Have faith in the Council of Eminent Persons

Battersea owners said to sound out banks for £1.5b loan

Perodua hopes to stay in ‘marriage’ with Daihatsu

Kossan targets double-digit capacity growth in next two years

All housing under one roof?

Wan Azizah is confi dent of the wisdom of Dr Mahathir

1MDB not a fairy tale;

it is a true story —

MACC chief3 H O M E B U S I N E S S

Th e bulk of them are linked to 1MDB, says new fi nance minister Lim Guan Eng. Adam Aziz has the story on Page 5.

Unbarred accounts confi rm

NATIONAL DEBT OVER RM1 TRILLION

PHOTO BY MOHD IZWAN MOHD NAZAM

Datuk Seri Mohd Shukri Abdull

https://dbv47yu57n5vf.cloudfront.net/s3fs-public/pullout/myhome.pdf

www.theedgemarkets.com

FBM KLCI 1845.03 8.55 KLCI FUTURES 1846.00 6.00 STI 3543.18 5.05 RM/USD 3.9655 CPO RM2474.00 28.00 OIL US$79.53 0.31 GOLD US$1294.20 3.30

Malaysia’s credit rating threatened by GST removal 7 H O M E B U S I N E S S

FINANCIALFINANCIALDAILYDAILY

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

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM1.50

WEDNESDAY MAY 23, 2018 ISSUE 2655/2018

2

2

2

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

1 2 P R O P E R T Y

1 7 H O M E

Kuok: Have faith in the Council of Eminent Persons



Kossan targets double-digit capacity growth in next two years

All housing under one roof?

Wan Azizah is confi dent of the wisdom of Dr Mahathir

1MDB not a fairy tale;

it is a true story —

MACC chief3 H O M E B U S I N E S S

Th e bulk of them are linked to 1MDB, says new fi nance minister Lim Guan Eng. Adam Aziz has the story on Page 5.

Unbarred accounts confi rm

NATIONAL DEBT OVER RM1 TRILLION

PHOTO BY MOHD IZWAN MOHD NAZAM

Datuk Seri Mohd Shukri Abdull


2 WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

Malay rulers have given serious attention to 1MDB issueKUALA LUMPUR: Th e Malay Rulers have given serious at-tention to the 1Malaysia De-velopment Bhd (1MDB) issue, said the Keeper of the Rul-ers’ Seal Tan Sri Syed Danial Syed Ahmad. In response to the statement by Malaysian Anti-Corruption Commission (MACC) chief commissioner Datuk Seri Mohd Shukri Ab-dull at a special media confer-ence yesterday, Syed Danial said the Rulers had already issued a statement on the is-sue on Oct 6, 2015. Syed Da-nial also attached a statement, which among others stated that the Malay Rulers were aware that the government was conducting an investigation and insisted on the need for the government to complete as soon as possible the ongo-ing investigation. — Bernama

US DoJ says pursuing investigations related to 1MDBKUALA LUMPUR: Th e US De-partment of Justice (DoJ) said yesterday it would continue to pursue investigations into 1Malaysia Development Bhd (1MDB) and looked forward to working with Malaysian law enforcement authorities, which have reopened a probe into the fund following a change of government this month. “Th e Department of Justice is com-mitted to ensuring that the US and its fi nancial system are not threatened by corrupt individ-uals and kleptocrats who seek to hide their ill-gotten wealth,” a DoJ spokesman said in an email statement. — Reuters

Hyfl ux fi les for court protection for debt talksSINGAPORE: Hyfl ux Ltd has suspended trading of its shares and related securities and started a court-supervised re-organisation process, the com-pany said in a statement late yesterday. Th e move will pro-vide the company with room to focus on ongoing discussions with strategic investors, while seeking to optimise operations and maintain cash fl ows, Hy-fl ux said in the statement. Hy-fl ux last year posted its fi rst annual loss since listing, and the company has said its en-ergy business could suff er as an oversupply of gas depresses electricity prices. — Bloomberg


For breaking news updates go towww.theedgemarkets.com

O N E D G E T V


Long road ahead

BY K H A I R I E H I S YA M A L I M A N

& S U L H I A Z M A N

I N BR I E F

The Edge Communications Sdn Bhd (266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

Publisher and Group CEO Ho Kay Tat

EDITORIAL

For News Tips/Press ReleasesTel: 03-7721 8219 Fax: 03-7721 8038Email: [email protected]

Editor-in-Chief Azam ArisExecutive Editors Ooi Inn Leong, Kathy Fong, Jenny Ng, Diana KhooSenior Editors Cindy Yeap, Jose Barrock, Kang Siew LiAssociate Editors R B Bhattacharjee, Vasantha Ganesan, Adeline Paul Raj Deputy Editor Tan Choe Choe Assistant Editors Khairie Hisyam Aliman, Kanagaraju S SithambaramChief Copy Editor Halim YaacobSenior Copy Editor Melanie ProctorCopy Editor Tham Kid ChengArt Director Sharon KhohChief Graphic Designer Cheryl LohDesign Team Valerie Chin, Mohd Yusry, Aaron Boudville, Aminullah Abdul Karim, Noorain Duasa, Tun Mohd Zafi an Mohd Za’abah

EDITORIAL ADMINISTRATION

Manager Katherine TanSenior Coordinator Maryani Hassan

CORPORATE

Chief Operating Offi cer Lim Shiew Yuin

ADVERTISING & MARKETING

To advertise contactGL: (03) 7721 8000 Fax: (03) 7721 8288Chief Commercial Offi cer Sharon Teh (012) 313 9056General Manager Kingston Low (012) 278 5540Senior Sales Managers

Fong Lai Kuan (012) 386 2831Gregory Thu (012) 376 0614Creative Marketing Chris Wong (016) 687 6577Head of Marketing Support & Ad Traffi c

Lorraine Chan (03) 7721 8001Email: [email protected]

OPERATIONS

To order copyTel: 03-7721 8034 / 8033Fax: 03-7721 8282Email: [email protected]

EdgeProp.my

Managing Director/Editor-in-Chief

Au Foong YeeExecutive Editor Sharon KamEditor Lam Jian WynAssistant Editor James Chong

MARKETING & ADVERTISING

Associate Account Director,

Advertising & Marketing

Heidee Ahmad (019) 388 1880

BUSINESS DEVELOPMENT

Senior Manager Elizabeth Lay

KUALA LUMPUR: Perusahaan Oto-mobil Kedua Sdn Bhd (Perodua) hopes to continue learning from its Japanese technological partner Daihatsu Motor Co Ltd, amid a pro-posed takeover that could derail that long-standing relationship.

Th e national carmaker said it is “business as usual” as far as its research and development (R&D) activities are concerned.

“We have been in this marriage [with Daihatsu] for 25 years,” Pero-dua president and chief executive offi cer Datuk Dr Aminar Rashid told Th e Edge Financial Daily after Perodua’s iftar session yesterday.

“We have high hopes that we will continue to work closely,” he added.

Perodua’s 38% shareholder UMW Holdings Bhd, in March, proposed a series of acquisitions aimed at taking majority control of the carmaker.

The proposals mainly revolve around a RM501 million pursuit of a 22.58% stake held in Perodua by listed MBM Resources Bhd. UMW also seeks to buy another 10% stake held by its majority

Proposed takeover by UMW, however, could split the partnership

shareholder for RM417.5 million.However, Daihatsu has opposed

the move and responded by threat-ening to review its technological sharing with Perodua, according to a written letter to UMW sighted by Th e Edge Malaysia weekly.

Perodua shareholders have the right of fi rst refusal if any share-holder wants to sell.

Daihatsu is a 30% shareholder in Perodua and cited the clause as a way it could block the proposed takeover.

When asked if Perodua is ready to develop its own cars without Daihatsu, Aminar said the compa-ny had learnt a lot throughout its 25-year partnership with Daihatsu.

“[It has] imparted a lot of knowl-edge and we have reached a cer-tain level where we can do quite a lot ourselves as far as R&D is con-cerned. But there is still a lot more that we can learn,” he added.

Does that mean Perodua still needs Daihatsu? “Of course,” Am-inar stressed.

Meanwhile, Perodua expects its temporary move to absorb the 6% goods and services tax (GST) to have an impact on the

carmaker’s bottom line.“Our bottom line will be aff ect-

ed, but that is okay. We respect the wish of the government of the day [to remove the GST]. Perodua will continue aligning itself with its stated objective of producing aff ordable cars equipped with high technology,” Aminar told reporters.

Last Friday, Perodua announced that it will fully reimburse the GST to customers who purchase a new Perodua vehicle, service their Per-odua vehicle or buy parts between May 18 and 31, ahead of the zero-rat-ed GST implementation on June 1.

Aminar is expecting increased car sales over one to two months as customers rush to take advantage of the attractive discounts off ered by car companies before the sales and services tax (SST) kicks in.

Nevertheless, Perodua is keep-ing its sales target of 208,000 units for this year.

From January to April, Perodua recorded sales of 75,500 units, up 17% year-on-year, pushing its mar-ket share to 41.6% year-to-date.

“In April alone, our market share stood at 43%. Th is is the highest in the history of Perodua,” Aminar said.

Daim (right) and Kuok arriving at the CEP meeting. Photo by Bernama

KUALA LUMPUR: Malaysian busi-ness magnate, Robert Kuok, has urged people to have faith in the Council of Eminent Persons (CEP).

“[It] (the council) comprises very fi ne Malaysians. Tun Daim Zainuddin, Tan Sri Zeti Akhtar Aziz, Tan Sri Hassan Marican and Prof Dr Jomo Kwame Sundaram are excellent people.

“Trust them. All of us wish our country well. We hope the people are taken care of,” he told reporters after attending a CEP meeting for the fi rst time here yesterday.

Th e 94-year-old tycoon, appoint-

ed as a CEP member by Prime Min-ister Tun Dr Mahathir Mohamad on May 12, arrived at Ilham Tower here at 10am and left the building at 5pm.

Meanwhile, Daim said fuel sub-sidies and toll abolition were among the topics discussed at the meeting.

Asked whether the CEP also discussed Dr Mahathir’s statement that Malaysia’s debt had reached an alarming one trillion ringgit, he replied “No”.

Kuok also said he will not be attending the CEP meetings too of-ten as he is residing in Hong Kong. — Bernama

LONDON: Two major backers of London’s Battersea Power Station project are sounding out banks for a loan of about £1.5 billion (RM8 billion), people with knowledge of the matter said.

Malaysia’s Employees Provident Fund (EPF) and state-owned asset manager Permodalan Nasional Bhd (PNB) are expected to hire banks shortly, according to the people who asked not to be iden-

tifi ed as the process is private. Proceeds will be used to refi -

nance existing borrowings and complete the purchase of com-mercial assets being developed as part of the Battersea Power Station project’s second phase, the peo-ple said.

EPF and PNB said in January they plan to spend about £1.6 billion on the acquisition, which will give them ownership in a residential and of-

fi ce development where Apple Inc plans to have its UK headquarters.

A representative for EPF de-clined to comment. PNB said in a statement that due diligence is on-going, and it would be premature to comment on the loan.

The Battersea Power Station building is about halfway through a comprehensive reconstruction that will be completed in late 2020, according to the January statement.

Th e work, which is the largest his-toric building development under-taken in the UK, is part of a wider 42-acre (17ha) mixed-use project.

Th e power station gained world-wide recognition after being used as the iconic cover illustration for rock band Pink Floyd’s platinum 1977 album Animals. It was depict-ed on the cover with a pig fl oating between two of its four chimneys. — Bloomberg


Kuok: Have faith in the CEP

H O M E B U S I N E S S 3WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY

1MDB not a fairy tale, it is a true story MACC fi ndings mostly consistent with the DoJ report, says Shukri

MACC chief shares ordeal of 2015 probe into SRC International

BY S A M A N T H A H O, N E I LY S YA F I Q A H

E U S O F F & A D A M A Z I Z

PUTRAJAYA: Former prime min-ister Datuk Seri Najib Razak said he is expected to continue being questioned by the Malaysian An-ti-Corruption Commission (MACC) tomorrow.

Yesterday, Najib spent over four hours being questioned at the MACC headquarters here be-tween 10am and 3pm over his in-volvement in SRC International Sdn Bhd (SRCI), a former subsidiary of debt-laden 1Malaysia Development Bhd (1MDB).

Najib to be questioned again tomorrowBY N E I LY S YA F I Q A H E U S O F F

& S A M A N T H A H O

BY A DA M A Z I Z , S A M A N T H A H O

& N E I LY SYA F I QA H E U S O F F

KUALA LUMPUR: Th e scale and complexity of the 1Malaysia De-velopment Bhd (1MDB) scandal make it seem like a twisted plot straight out of Hollywood, but one of its long-time Malaysian investi-gators has revealed that it is indeed a true story.

Datuk Seri Mohd Shukri Abdull, newly appointed chief of the Ma-laysian Anti-Corruption Commis-sion (MACC) said that most of the commission’s fi ndings are consist-ent and “almost identical” with the report issued by US Department of Justice (DoJ).

Th is would include allegations of funds being transferred into the personal accounts of Datuk Seri Najib Razak, former prime min-ister and chairman of 1MDB, he told reporters at a media briefi ng yesterday.

“Th e RM2.6 billion was not made up. This is a true story!” Mohd Shukri said, adding that the case is too big to be kept undercover.

SRC International Sdn Bhd (SRCI) was created in 2011 to pur-sue overseas investments in energy resources, and was a unit of 1MDB until it was moved to the fi nance ministry in 2012.

Meanwhile, the RM2.6 billion case involving Najib’s bank account will be investigated by the Council of Eminent Persons’ 1MDB task force, of which Mohd Shukri and his predecessor Tan Sri Abu Kassim Mohamed are members.

Th e monies were allegedly si-phoned from 1MDB, a claim that Najib, who was questioned yester-day by the MACC, has since denied.

On May 17, Mohd Shukri was appointed to replace Tan Sri Dzu-lkifl i Ahmad, who had chosen to terminate his contract as MACC chief commissioner three years ahead of its July 2021 expiry.

He appeared smilingly calm as he headed into the building and left with a similar demeanour.

Speaking to journalists outside the MACC headquarters, Najib said he had given a more detailed state-ment on SRCI alongside document authentication compared with the statement he gave in 2015.

“I had come up and given a state-ment on the SRCI issue to MACC in 2015. My statement today (yes-terday) is a follow-up of that. It is more detailed and comprehensive.

“I would like to thank the MACC team who took my statement today (yesterday). Th ey were all profes-

sional,” he said before leaving in a white Toyota Vellfi re. Najib said he had been given a half-hour break during his interrogation.

However, he added that a large part of the questioning was com-pleted yesterday.

At a press conference yester-day, MACC’s newly appointed chief commissioner Datuk Seri Mohd Shukri Abdull said the agency must still question “one or two more im-portant witnesses” before it can begin pressing charges in relation to the 1MDB-linked SRCI case in-volving Najib.

Mohd Shukri said Najib was the

only witness questioned yesterday. He added that Najib would not be arrested and that his statements were being collected in light of new evidence.

“If we feel satisfi ed [with his an-swers], we will release him. But if we think we still need more state-ments [from him], we will call him back,” Mohd Shukri told reporters, declining to reveal the nature of the recently obtained evidence.

Mohd Shukri said his one con-dition on returning to work for the MACC is that he is allowed to “complete unfinished business”, which he named as the SRCI and

the missing RM2.6 billion alleged to have been transferred to Najib’s personal account.

If there is evidence to prove Na-jib had committed a crime, Mohd Shukri pledged to take action.

However, he said he would not seek revenge against Najib, but “let the law take its course”.

Also present at MACC headquar-ters was former solicitor-general Datuk Mohd Yusof Zainal Abiden, believed to have taken charge as Najib’s legal council, following the resignation of Datuk Harpal Singh Grewal and M Athimulan as his lawyers on Monday.

domestic evidence tied to inves-tigations on SRCI and allegations of RM2.6 billion funnelled into Na-jib’s account, immediately before the cases were closed under the instruction of the then AG Tan Sri Apandi Ali in 2015.

“With the new AG, we can now try our best to send [the] MLA to them,” Mohd Shukri said.

However, he acknowledged that the agency had experienced diffi cul-ties in dealing with Arab countries.

“We had no problem with the US, Luxenbourg, Swiss authorities ... But we have had diffi culties deal-ing with Arab countries [such as] Qatar, Saudi Arabia, UAE (United Arab Emirates),” he added.

Apandi had previously rejected requests from Swiss and American authorities for MLAs regarding their probes into 1MDB. He had been told to take leave after the change in government following the 14th general election that saw Pakatan Harapan, led by Tun Dr Mahathir Mohamad, defeat the Barisan Na-sional.

The Solicitor-General Datuk Engku Nor Faizah Engku Atek has taken over the AG’s duties.

Th e 1MDB special task force will be led by Mohd Shukri, Abu Kass-im, former AG Tan Sri Abdul Gani Patail and former Special Branch deputy director Datuk Abdul Hamid Bador. Other members include rep-resentatives from MACC, the AG’s Chambers, the Royal Malaysian Police and Bank Negara Malaysia, along with several lawyers.

Th e focus of the special task force is on the asset recovery to bring back all the money and asset rev-enue from the 1MDB case off ence.

Th e special task force met for the fi rst time at MACC headquar-ters yesterday.

Th e newly set up special task force is expected to hold a meeting today to decide further action need-ed to be taken involving the case.

Mohd Shukri: I cannot believe there is a leader in the world who could fi nd someone so generous as to give them that [RM2.6 billion]. It was too big. Photo by Bernama

PUTRAJAYA: A bullet sent to his home, threats to his staff and be-ing followed in foreign countries were just a few of the ordeals new-ly appointed Malaysian Anti-Cor-ruption Commission (MACC) chief Datuk Seri Mohd Shukri Abdull faced when previously investigating SRC Internation-al Sdn Bhd (SRCI), a subsidiary of 1Malaysia Development Bhd (1MDB).

“It was one of the worst cases I’ve dealt with. Th ey were too big to protect [from being exposed],” Mohd Shukri told reporters yes-terday.

Speaking at the MACC head-quarters, Mohd Shukri said he has come out of retirement to complete the investigation relat-ing to SRCI and the RM2.6 billion allegedly channelled into the bank account of former prime minister Datuk Seri Najib Razak.

“At the time, we knew that ei-ther we (Mohd Shukri and former MACC chief Tan Sri Abu Kassim Mohamed) had to take action or action was going to be taken against us, if you know what I mean,” said Mohd Shukri, who was the MACC’s deputy chief commissioner at the height of the 1MDB scandal.

Th e challenges MACC offi cers faced during the course of the in-vestigation undertaken in 2015 in-cluded threats of being fi red, ear-ly retirement, a transfer to other departments, and ultimately the risk of being arrested and even possible death.

During the investigation, Mohd Shukri, who was then deputy chief of the MACC, left for Washington DC in the US following specula-tion that he would be arrested for conspiring to take down the ruling government, after Tan Sri Abdul Gani Patail was removed as attorney-general at the time.

Despite having planted a false trail suggesting he was travelling to Jeddah where a red alert was sent out for him, Mohd Shukri said he was followed in Wash-ington DC.

He then sought protection from the New York Police De-partment for about a week.

Mohd Shukri also revealed that the “questionable prince in Saudi Arabia”, to whom MACC investiga-tors had been introduced, had no supporting documents to show he had donated RM2.6 billion to Najib.

“We needed a mutual legal as-sistance (MLA) from the Attor-ney-General (AG) to pursue and find out whether the claim was true, but he refused to [authorise it for us],” he added.

“It made it easier for people to understand what the RM2.6 billion was about. It seemed like it was made up. Who would give RM2.6 billion away?

“If it was RM2.6 million [that was] given it might still be believ-able. But RM2.6 billion — I cannot believe there is a leader in the world who could fi nd someone so gener-ous as to give them that. It was too big,” he quipped.

Mohd Shukri explained that an MLA — authorised by the AG — is required by the MACC to record statements from non-Malaysians overseas, among others.

According to Mohd Shukri, the MACC had obtained the bulk of

“I told a senior offi cer of the MACC to tell the then inspec-tor-general of police to send a better spy, because my team was following him [instead of ] him following me,” he said.

Upon his return to Malaysia, Mohd Shukri and Abu Kassim met with ministers separately to explain that the RM2.6 billion case was not a hoax but a real case.

“Only three ministers listened — Datuk Seri Mohd Shafi e Apdal, Tan Sri Muhyiddin Yassin and [former second fi nance minister] Datuk Seri Ahmad Husni Moham-ad Hanadzlah,” he added.

He also revealed that they have both met with the Conference of Rulers twice to get their assistance in the investigation but were left “disappointed”.

Mohd Shukri also told of “an MP (member of parliament) from the north” who paid him a visit twice to persuade him to cease all MACC investigations in both cases.

It is widely believed that Mohd Shukri was referring to Datuk Seri Abdul Azeez Abdul Rahim, the MP for Baling, Kedah who also serves as chairman of pilgrim fund Lem-baga Tabung Haji.

Th e straw that broke the cam-el’s back, however, said Mohd Shukri, was when former deputy public prosecutor (DPP) Shamsul Sulaiman got involved in the in-vestigation.

“A DPP is supposed to find more information to strengthen a case, not to protect the subject of investigation. Th at was when I decided to retire early,” he said.

Mohd Shukri said he had re-frained from disclosing his trou-bles — including the bullet in the mail — to his family and staff as he did not want them to be demoral-ised, adding that he did not lodge a police report on the uncertainty of a thorough follow-up.

Coming close to tears, he also said he felt guilty for hav-ing seemed to have “run away” while his staff were unjustly fi red or transferred.

“We (Abu Kassim and I) want-ed to help return the money that was stolen but we were instead accused of being traitors,” an emotional Mohd Shurki told reporters.

4 H O M E B U S I N E S S WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

‘Th e case is too big to be protected’BY N E I LY S YA F I Q A H E U S O F F & S A M A N T H A H O

KUALA LUMPUR: It was an emo-tionally charged moment when the newly appointed chief commission-er of the Malaysian Anti-Corrup-tion Commission (MACC), Datuk Seri Mohd Shukri Abdull, revealed details of his investigative journey into the 1Malaysia Development Bhd (1MDB) scandal.

Below is the full transcript of Mohd Shukri’s story: I want to tell you about my experi-ence of investigating the SRC Inter-national Sdn Bhd and 1MDB cases. Before I proceed with my experience of investigating SRC International and 1MDB’s RM2.6 billion case, let me start with my appointment.

On May 14, I was called by the Prime Minister’s Offi ce (PMO) to meet the PM (Tun Dr Mahathir Mo-hamad) at around 10.30am. When I got to the Yayasan Keprihatinan Per-dana [building], Datuk Seri Musta-far Ali and Datuk Shabudin Yahaya were also there.

Frankly speaking, I did not want to accept the off er. We discussed it among ourselves and Datuk Seri Mustafar and Datuk Shabudin also did not want to accept it.

I had retired and was happy living as a retiree. It was a dream life, play-ing with my very cute granddaughter, whom I love very much, everyday.

We met the PM one by one. At fi rst, I planned to tell Tun M I could not accept this off er because I felt happy with retirement and I think I’m old.

I was the fi rst person who was called in. When I entered, Tun M asked me: “Do you accept my off er? If yes, tomorrow (last Tuesday) you will start.”

When he said that, my initial plan to reject the off er was done with. Th ere is no reason to say no when he is older than you and he retired earlier than you. So, I started thinking of how to give an appropriate answer.

When dealing with Tun M, you can hardly say no. You are looking at a 92-year-old man still working for the nation, so I, who is so much younger, could not say no, right?

So, I said: “Tun M, I accept the job but on one condition: I come back to fi nish my unfi nished business.”

If you ask me whether or not I am happy to accept this off er, frankly speaking, I’m not. But I take this as the responsibility for the country because my experience in the case of SRC International and 1MDB is very scary.

I almost died handling this case (SRC International and 1MDB), to the extent that I was afraid to come back to work. But when I look at the spirit of Tun M, I still want to work for the country. I’m brave enough to take this responsibility.

When [former MACC chief] Tan Sri Abu Kassim [Mohamed] asked me to start investigating the case of SRC International, he told me: “Shukri, you open the fi le and in-vestigate the case of RM42 million that was deposited into the [now former] prime minister’s account.”

At that time, it was either we take action on the prime minister or he takes action against us. Abu Kassim said there should be no problem if we do it for our nation.

We faced great pressure as our witnesses were taken away. At times, other agencies questioned them on what they revealed to the MACC.

I was threatened with being fi red, asked to retire, asked to go on early leave, and threatened to be pulled into the training section. But dur-ing that time, I was supported by Abu Kassim, whom I must thank for standing behind me.

He said: “Whatever happens, I (Abu Kassim) and Shukri will de-fend this case.” Abu Kassim said: “If you want to get rid of it, throw both of us out.” I was very happy during that time because I had sup-port from him.

In the last few months of my in-vestigation, I went to meet with [for-mer attorney-general (AG)] Tan Sri Abdul Gani Patail; it was on Monday. He was sacked [the following day] on Tuesday, if I’m not mistaken.

Abdul Gani asked me: “Are you ready? Because on Wednesday, we are going to investigate the case.” I said to him: “Yes, I’m ready and on standby.”

One day before the MACC was about to take action against [Datuk Seri] Najib [Razak], Abdul Gani was removed from offi ce as the AG.

After he was removed, I found out that I would be arrested and jailed for alleged conspiracy to bring down the government.

Who am I? I am an MACC offi cer and would not overthrow the govern-ment. What kind of power do I have to overthrow the government, right?

I got information from my closest friends too, that I would be arrested. So I departed for Washington DC, while making it viral at the same time that I was going to Saudi Ara-bia. [Th is caused] the authorities to “red-alert” me in Jeddah.

If I had gone to Jeddah, I would be arrested in Jeddah. Th ough when I went to Washington DC, I was fol-lowed by certain individuals there.

Th ey took pictures and followed me, [while] my US team took pic-tures and handed over to me and I sent [them] back to [deputy chief commissioner (operations)] Datuk Seri Azam Baki.

I told a senior offi cer at the MACC to tell the then IGP (inspector-gen-eral of police) to send a better spy because my team was following him [instead of] him following me.

I was not safe in Washington DC, so I escaped to New York by train. In New York, I went to the New York Police Department (NYPD) and by chance there was a friend of mine who once served in Singapore. So, I was protected about a week later by the NYPD and I was given three bodyguards.

After I felt the situation was safe again, I returned to Washington DC, where I received news saying that my offi cers had been arrested and two senior offi cers had been trans-ferred to the PMO, namely Datuk Bahri Mohd Zin and Datuk Rohaizad Yaakob.

For your information, Bahri has returned to the MACC and is placed in his old position known as the spe-cial operations section. I did not ask him to come back but he met Tun M, who sent him back. I did not in-fl uence Tun M and I was not aware that Tun M called him.

When I was in Washington DC, I cried like a child because I loved the MACC. I felt guilty that at a time my offi cers were arrested and trans-ferred, I ran to the US.

Abu Kassim and I were fi ghting for the country, to get back the mon-ey that was stolen from the citizens of Malaysia. We wanted to help to return the money, but we were both accused of conspiring [against the country] and of being traitors. When I was in Washington DC and think-ing of what I should do, I no longer thought of myself but of the MACC and of my offi cers.

So I sent WhatsApp messages to two ministers [in the prime minis-ter’s department] — Datuk Seri Sha-hidan Kassim and Datuk Paul Low [Seng Kuan]. I told them, I threat-ened them, saying: “Please return my offi cers as soon as possible. If you don’t return [them], when I re-turn to Malaysia I will use my power under the law to expose what has happened.” Th at was what I wrote to Low and Shahidan.

I was willing to go that extent be-cause I truly love the country and praise God, Shahidan said: “Brother, don’t you do anything; let me settle [it]. I promise to send your offi cers back to you. Please respond.” He [also] said: “Please calm down, I will do my best to return your offi cers.”

I told him: “I don’t want to hear your promise because for politicians, a promise is [just a] promise. I want you to return my offi cers immedi-ately. Because if you don’t, when I return, I will use my power to arrest those who are responsible for issuing the transfer letter, because I classify it as an abuse of power that obstructed the MACC’s investigation.”

I knew. I knew what the conse-quences I would face were. I knew I would be thrown out, I would be ar-rested, I would be harmed, but at that time, I forgot about everything else because I was acting for the country.

When I met with the chief secre-tary to the government, on the same day, he returned two of my offi cers. We did not stop there.

Despite the threats I received, Abu Kassim and I never gave up.

Both of us met with several minis-ters because we wanted to convince them that the case of the RM2.6 bil-lion and RM42 million from SRC In-ternational was real and not made up. “Please!” I told the ministers, “Please throw this man out. Th row out this corrupt man. Replace him with someone else who loves this country.”

We pleaded with them to throw Najib out [and to] replace him with Datuk Seri [Dr Ahmad] Zahid [Ha-midi] or Datuk Seri Hishammuddin [Hussein], people who have integrity to become the PM.

Of the many ministers we met, only three of them were brave enough to speak out; they were Tan Sri Muhyiddin Yassin, Datuk Seri Mohd Shafi e Apdal and Datuk Seri Ahmad Husni Mohamad Hanad-zlah. Everyone else was scared to take action.

I told the ministers before I did not want any favour. I did not ask for money or positions. I was speaking the truth so we could correct the sit-uation before it was too late.

Because this [case of] RM2.6 bil-lion was not made up. Th is was a true story! And the case was too big to be protected. It cannot be protected.

So seeing as how both our eff orts were unsuccessful up to that point, Abu Kassim and I took the initia-tive to meet twice with the Council of Rulers.

I said [to them]: “Please, Tuan-ku, look at this — if you truly love the country the same as us, listen to what we are saying.” But we were disappointed.

In the last few months of our ten-ure, we worked hard to install Musta-far as MACC chief commissioner. But in the preceding months, we heard rumours that Tan Sri Dzulkifl i Ahmad would be put in the top post of the MACC.

We worked very hard to convince the chief secretary to put Mustafar in the post. I was leaving [the MACC] by October at that time. But in early July, it was confi rmed that Dzulkifl i would be appointed and Abu Kas-sim would be transferred to UITM.

When I saw that Dzulkifl i would be appointed in August and I would be leaving in October, I was unwill-ing to work under him because I saw him as a traitor to the country.

As a deputy public prosecutor, he should strengthen cases instead of protecting wrongdoers. He was supposed to look into cases and ad-

vise the MACC on what other facts could be collected to strengthen the case. When he came here and was appointed as my leader, this [to me] was a huge betrayal. I did not want to work under him, which was why I decided to retire early.

I went for an Arabic-language course at UKM just to leave the MACC. In that process, there was a member of parliament — I won’t say who, but he is from the north — who said to me: “Please, stop the questioning. What do you want?”

Th e fi rst time he asked me what I wanted, I told him I only wanted one thing: “Don’t interfere with my investigation. Let us fi nish with the investigation, send it to the AG and let the AG decide.”

He wasn’t satisfi ed. He came a second time, saying: “Please, cease your investigation, what do you want?” I told him: “If you speak once more, I will arrest you immediately.” Th is is a parliamentarian known for saying “cash is king”. Th en he said “okay, okay” [and backed off ].

What saddens me the most is that Abu Kassim and I were accused of being traitors and conspiring to bring about the downfall of this country when we fought the hardest because of how much we love the country. We wanted to bring back the money, and the US had already promised to return the money — but even that got us accused of being traitors.

That was an insult that I bore. Th ere was a lot more that I had to sacrifice. I did not tell any of my family or my offi cers because I was afraid that they themselves would become afraid and demoralised. I kept everything to myself. When I received a bullet in the mail, I did not even make a police report be-cause there might be no follow-up.

I kept it all in until a point when I could tell all, and today (yesterday) Allah has given me the opportunity to tell this story. You may be asking why I was silent, and why I didn’t stand up and speak out like others. Datuk Bahri (former MACC spe-cial operations division director) said: “Please! Stand up, speak up, it doesn’t matter if we are arrested or charged under the Offi cial Secrets Act.” I said we are not going to suc-ceed that way. Th e day we speak up and are arrested, Malaysians will easily forget.

We have to be more strategic so that what we know we can deliver to the rakyat. One year, I delivered what I had in an isolated manner and through WhatsApp groups. And I know that [of] the thousands of messages I’ve sent, thousands have received them.

Whenever I meet people, I tell them, and I feel this is more eff ec-tive than speaking openly and risk-ing arrest.

It made it easier for people to un-derstand what the RM2.6 billion was about. It seemed like it was made up. Who would give RM2.6 billion away? If it was RM2.6 million that was given, it might still be believable. But RM2.6 billion — I cannot believe there is any leader in the world who could find someone so generous as to give them that. It was too big.

Mohd Shukri said he and Abu Kassim had previously asked for Najib, pictured here making his way to the MACC headquarters yesterday for questioning, to be replaced as PM.

PHOTO BY SUHAIMI YUSUF


PUTRAJAYA: Finance Minister Lim Guan Eng, who clocked in at the ministry of fi nance (MoF) on his fi rst working day yesterday, confi rmed that the newly unbarred public ac-counts — the bulk of which are linked to beleaguered state-owned 1Malay-sia Development Bhd (1MDB) — revealed that the country’s national debt has breached RM1 trillion.

“Th is is revealed with all relevant departments now able to start con-solidating their numbers and ac-counts. Previously, certain accounts were not accessible.

“It is clear that the previous gov-ernment had conducted an exercise of deception against the public over certain hot-button items, especially 1MDB, and even misrepresented the fi nancial situation to Parliament,” Guan Eng told the media yesterday.

According to him, some of the re-ports and accounts were marked as “red fi les”, eff ectively preventing ac-cess by certain government offi cials. “I think we know [this was done un-der] whose instructions,” he added.

A thorough investigation to un-cover the essential fi nancial data is still ongoing, said Guan Eng.

Meanwhile, Guan Eng said Malay-sia will experience short-term pain as Pakatan Harapan works towards “cleaning up the federal government fi nances”.

“What is important is that Ma-laysia’s current account remains in surplus, and to clean up the mess left behind [by the previous government].

“Th ere is some pain that we will go through on a temporary basis, but I think the investing public know that

Unbarred accounts confi rm national debt over RM1 trillionTh e bulk of them are linked to 1MDB, says new fi nance minister

PUTRAJAYA: Th e Malaysian gov-ernment has forked out a total of RM6.98 billion to service the debts of state investment fund 1Malaysia Development Bhd (1MDB) since April last year, newly minted Fi-nance Minister Lim Guan Eng said yesterday.

Guan Eng said this is contrary to 1MDB’s claim that it was capable of paying off its own debts via its rationalisation exercise.

“Th is means 1MDB has deceived Malaysians by claiming it paid its debts via a successful rationali-sation exercise, when it was the ministry of fi nance (MoF) that had bailed out 1MDB,” he told a press briefi ng here yesterday.

“Worse still, the list of pay-ments to date only involves in-terest, coupon payments and the advances from Abu Dhabi-based International Petroleum Invest-ment Co PJSC (IPIC). They have yet to take into account the bil-

lions of ringgit of debts due from 2022,” he added.

Of the RM6.98 billion paid by the MoF, RM4.98 billion or about 71% was for three settlements to IPIC

and one sukuk coupon, while an-other RM2 billion was for interest on 1MDB bonds.

Guan Eng also revealed that 1MDB has another interest payout

PUTRAJAYA: Th e government will review megaprojects and projects which were approved by the pre-vious administration, said Eco-nomic Aff airs Minister Datuk Seri Mohamed Azmin Ali.

He said some of the projects would need to be reviewed in terms of viability, as some were hastily executed in the run-up to the recent 14th general election.

“We will see if they are ben-efi cial, as we also have to con-sider the legal implications if the projects are halted,” he said. Mo-hamed Azmin reported for duty at 7.45am here yesterday, and held a briefi ng with offi cers of the Eco-nomic Planning Unit (EPU) and the Prime Minister’s Department.

“We want to revisit all megaprojects approved by the previous administration and we will also want to renegotiate the terms, but if the projects have not been carried out, we will only fo-cus on those which will have a direct impact on the people,” he said.

He added that the projects to be reviewed include the East Coast Rail Line and the Kuala Lum-pur-Singapore high-speed rail.

“We need to look at what hap-pened. Let me sit down with the relevant authorities and agencies before we decide what to do next. We must be open and very trans-parent in procurement processes,” Mohamed Azmin added, saying the country’s debt level is a major concern for the new government.

“We need to look at the factors which contributed to this huge, almost RM1 trillion debt. Part of it was because the processes were not transparent and open, and most of the major projects were not budgeted in the national budget — they were off -budget,” he added.

Meanwhile, he said the EPU is one of his ministry’s portfolios.

“Based on my discussions with Prime Minister Tun Dr Mahathir Mohamad last week, there are sev-eral important portfolios which will be placed under the minis-try’s purview, which will be de-termined by him.

“I will be informed by Chief Secretary to the Government Tan Sri Dr Ali Hamsa soon,” he said.

He said EPU offi cers will be able to assist the new government in the strategic planning of the nation’s economic development.

“We have outlined several reform agendas under Pakatan Harapan, and the EPU found that several key thrusts which we had proposed for economic develop-ment were in line with existing policies. Maybe we only need to look into the narrative to align it with the Pakatan Harapan mani-festo, but the key thrust areas have been provided for under the 11th Malaysia Plan,” he said.

Asked if Budget 2018 would be reviewed, he said the government will need to present its midterm review in September, as Budget 2019 will be presented on Oct 19.

“We need to prepare for Budget 2019,” he said. — Bernama

Federal government debt &

debt directly guaranteed by

the federal government had

reached RM924.9b as at

end-2017 (excluding debt

with indirect guarantees)

Federal government debt (RM bil)

Debt guaranteed by federal

government (RM bil)

143.1156.8

172.0177.7 187.3

238.0

501.6 539.9 582.8 630.5 648.5 686.8

4Q12 4Q13 4Q14 4Q15 4Q16 4Q17

Source: Bank Negara Malaysia

amounting to RM143.75 million due on May 30.

“I have given instructions to [1MDB chief executive offi cer] Arul Kanda Kandasamy to brief and clarify if 1MDB is able to pay the [RM143.75 million] sum due next week,” he said.

He added that under the debt agreement, the government will have to continue to pay on 1MDB’s behalf if the fund fails to do so.

“I have also been informed that another RM810.21 million worth of interest is due between the months of September and November,” Guan Eng noted.

He said 1MDB’s debts and lia-bilities are currently being studied in detail by the Treasury and the auditor-general, after the audit re-port was declassifi ed last Tuesday.

“We will submit our findings to the 1MDB task force formed by the [Council of Eminent Persons] once completed,” added Guan Eng.

Guan Eng: Contrary to claim, MoF bailed out 1MDB

Government to review megaprojects, says Azmin

once that is done, [the economy] can only grow stronger,” said Guan Eng.

He also echoed the sentiment shared by Council of Eminent Per-sons chairman Tun Daim Zainuddin on Malaysia’s sovereign credit rating. “In terms of sovereign rating, I agree that there is nothing to be concerned about at this juncture. For us, [what’s more important now is] to clean up the mess — I think it is good for Ma-laysia in the long term,” Guan Eng said.

Daim was reported as saying last Friday that he was not really concerned about anything credit rating agencies would say, and cit-ed the sub-prime mortgage crisis that occurred in the US in 2007, despite the high credit rating it was given, as an example.

“Don’t worry about them. In fact, you should not even worry about the discussions that the think tanks are having here,” Daim was quoted as saying.

The Pakatan coalition, which wrested power from Barisan Na-sional on promises of reforms, has pledged to abolish highway tolls, restructure tax schemes and reintro-duce the fuel subsidy — all of which would eat into the nation’s coff ers, according to analysts and credit rat-ing agencies.

Guan Eng said the new gov-ernment “is looking at several options” to offset the impact the promised changes will create, but added that discussions are still ongoing. Nevertheless, he

insisted that Malaysia’s economic fundamentals “are still strong”.

“Malaysia’s fi nancial and banking system remains robust and well cap-italised. In addition, non-performing loans constitute less than 1% of the total loan portfolio,” he said, adding that the nation’s fi scal position will remain healthy as long as the related agencies provide an accurate view of Malaysia’s “actual fi nancial position”.

Guan Eng also reiterated that the sales and services tax (SST) can be reintroduced within the year. “Ac-cording to Pakatan Harapan’s mani-festo, the SST rate will be at 10%,” he added, saying the offi cial rate will be confi rmed when the tax scheme takes eff ect.

Guan Eng (centre) arriving at the MoF yesterday. He says a thorough investigation to uncover the essential fi nancial data is still ongoing. Photo by Mohd Izwan Mohd Nazam

List of payments made by MoF on behalf of 1MDB

NO DEBT DATE OF PAYMENT AMOUNT (RM MIL)

1. 1MELL Bond Interest 19/04/2017 222.002. 1MEL Bond Interest 09/05/2017 230.003. IPIC Settlement 04/08/2017 220.004. IPIC Settlement 11/08/2017 1,199.005. IPIC Settlement 30/08/2017 1,189.506. 1MDB GIL Bond Interest 08/09/2017 259.387. 1MELL Bond Interest 17/10/2017 197.738. 1MEL Bond Interest 10/11/2017 205.989. 1MDB Sukuk Coupon 29/11/2017 143.7510. IPIC Settlement 22/12/2017 2,442.7011. 1MDB GIL Bond Interest 07/03/2018 260.0012. 1MELL Bond Interest 18/04/2018 197.0213. 1MEL Bond Interest 11/05/2018 208.08 Total 6,975.14 Source: Ministry of Finance

S TO R I E S BY A D A M A Z I Z


KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international re-serves were marginally down 0.09% to US$109.4 billion as at May 15, from US$109.5 billion as at April 30.

In a statement yesterday, the cen-tral bank said the reserves position

is suffi cient to fi nance 7.6 months of retained imports and is 1.1 times the short-term external debt.

Foreign currency, the biggest por-tion, slipped to US$102.8 billion from US$102.9 billion as at April 30. Th e International Monetary Fund reserves position stayed at US$800 million.

Special drawing rights and gold were maintained at US$1.2 billion and US$1.6 billion respectively. Oth-er reserve assets also remained un-changed at US$3 billion.

The bank’s total assets stood at RM450.34 billion as at May 15, while currency in circulation was at RM112.12 billion.

KUALA LUMPUR: RAM Rating Services Bhd expects Malaysia’s headline infl ation rate to rise to 1.5% in April 2018, compared with 1.3% in March, mainly due to a reduction in the negative growth contribution of retail fuel.

It noted the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% y-o-y decline in March.

Additionally, RAM expects the headline infl ation to come in at 2.3% in 2018 compared with 3.7% in 2017. “Th e new administration’s move to zero-rate the goods and services tax (GST) eff ective June 1 and its proposed intention to maintain the retail fuel price at its current level pose a downside risk to RAM’s 2.3% headline infl a-

tion projection in 2018,” the rating agency said in a statement yes-terday.

“These two policies alone [assuming there are no chang-es throughout the second half of 2018] are conservatively estimated to reduce headline infl ation by 0.7 percentage point,” it added.

“Th at said, the downward pres-sure could ease with future policy refi nements, potentially towards a more targeted fuel subsidy, and depending on the scope of pro-posed changes to the tax system as promised in the ruling Pakatan Harapan coalition’s [14th general] election manifesto,” said RAM head of research Kristina Fong.

On the fl ip side, Fong said there may also be an upside risk from marginal demand-pull infl ation, given a number of the govern-

ment’s election promises are very supportive of private consumption.

“Bank Negara Malaysia (BNM) had maintained the overnight pol-icy rate (OPR) at 3.25% at its last Monetary Policy Committee meet-ing, but there remain some un-certainties over the GDP (gross domestic product) and infl ation outlook, pending the unveiling of other new policies,” RAM said.

Th e rating agency said it will monitor developments in the poli-cy direction of the new administra-tion and its advisers in the crucial fi rst 100 days. “We maintain our view that there will [be] no further movement in the OPR for now and expect BNM’s future actions to be data-dependent,” it added.

Th e Consumer Price Index, meas-uring infl ation, will be released by the Department of Statistics today.

KUALA LUMPUR: Long-haul low-cost carrier AirAsia X Bhd’s (AAX) net profi t quadrupled to RM41.5 mil-lion in the fi rst quarter ended March 31, 2018 (1QFY18) from RM10.34 million a year ago, supported by a 13% year-on-year (y-o-y) growth in passenger volume.

Earnings per share for 1QFY18 rose to one sen from 0.2 sen in 1QFY17.

Quarterly revenue also rose 7.2% to a record RM1.27 billion from RM1.18 billion a year ago.

“Despite a slight reduction in the average fare of 3% y-o-y, the airline has maintained the load factor of 84% in the current quarter under review, which is consistent with the same period last year,” said AAX in a fi ling with Bursa Malaysia yesterday.

“During 1QFY18, the airline has also delivered an additional 231,855 seat capacity, which represents a 14% y-o-y increase,” it added.

In terms of costs, the airline’s cost per available seat kilometre re-duced by 2% to 13.27 sen as a result of improved cost effi ciency on the back of higher aircraft utilisation, as well as by the appreciation of the ringgit earlier this year.

“[Going forward], the man-agement remains cautious but confi dent of maintaining our cost effi ciency so as to ensure the sus-tainability of the airline’s profi t-able business model,” said AAX Malaysia chief executive offi cer Benyamin Ismail in a separate statement.

On prospects, AAX said it rec-ognises the challenges posed by the recent hike in fuel prices, add-ing that eff orts are being put forth through the boost in ancillary and capacity numbers.

“Th e airline is confi dent of pre-senting the results from these meas-ures during the third and fourth quarters of the fi nancial year. Based on the current forward booking trend, forward loads are trending better than the previous year.

“Barring any unforeseen circum-stances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fl uctuation in foreign currencies against the ring-git, the airline expects its prospects to remain positive,” said AAX.

“Our focus on data and digital initiatives also continue to pay off as we look forward to pushing an-cillary income higher in the com-ing quarters.

Carmakers off er cash rebate, discountsPrices trimmed ahead of zero-rated GST in June

BY S U L H I A Z M A N

EDITOR’S PICKS FROMtheedgemarkets.com

Selected on-the-road price of passenger cars

MODEL CURRENT PRICE REVISED PRICE GST REBATE/ (WITH 6% GST) (RM) (0% GST) (RM) SAVINGS (RM)

Proton Saga 1.3MT Standard 35,320.29 33,123.87 1,939.26Proton Persona 1.6 MT 44,391.09 41,681.23 2,452.70Standard SolidNissan Almera 1.5E MT 71,300.00 67,271.61 4,028.39Nissan Grand Livina 1.6L MT 90,800.00 85,667.85 5,132.15Volvo V40 T4 163,888.00 154,648.93 9,239.07Volvo S60 T6 238,888.00 225,403.65 13,484.35Volvo XC90 T8 Twin Engine 413,888.00 390,501.56 23,386.44Inscription PlusSource: Proton, Edaran Tan Chong, Volvo

KUALA LUMPUR: Local and for-eign carmakers are throwing in an immediate cash rebate of between RM1,000 and RM23,000 for a brand new car, as they trim the on-the-road (OTR) prices ahead of the zero-rated goods and services tax (GST), to be implemented in June.

Th e carmakers are also off er-ing discounts averaging 6%, the same amount as the current GST rate. Th e discounts, depending on brands, models and variants, are extended beyond the showroom to include service centres, and applicable for parts and labour charges.

An initial calculation reveals the discounts and the revised prices could result in consumers saving around 6% to 12%.

The auto manufacturers em-barking on this promotional trail include national carmaker Proton Holdings Bhd, Edaran Tan Chong Motor Sdn Bhd (ETCM) distrib-uting Nissan cars, and Volvo Car Malaysia Sdn Bhd.

Th e Malaysian Automotive As-sociation (MAA) said the automak-ers’ decision to revise and mark down the OTR prices is seen to be in line with the 14th general election pledges of the new federal government, promising to abolish the unpopular GST within 100 days of assuming power.

“Th is is the trend we are seeing in the shorter period. Many car-makers are doing the promotion to entice buyers, which will spur the growth of vehicle sales in the immediate term,” MAA president Datuk Aishah Ahmad told Th e Edge Financial Daily.

From June, the government has announced the GST rate will drop to 0%, from 6% currently. Following the zero-rated GST, Proton said its customers stand to gain even more as the national carmaker strives to boost its value-for-money proposi-tion, while the nation enjoys a tax holiday with substantial savings on car prices.

“Th ough the sticker price will re-main the same until the date when the GST gets zero-rated, all cus-

tomers will be off ered the choice of an instant cash rebate for cars registered from May 16 to May 31, or service vouchers equivalent in value to the difference between the current and new price of the car, eff ective June,” Proton said in a media release yesterday.

Proton has revealed it will be off ering a GST rebate of between RM1,939.26 and RM2,541.52 for its popular Saga model, translating into savings of 11% to 12%. Following the

rebate, a standard 1.3 litre Proton Saga costs RM33,123.87, compared with RM35,320.29 previously.

Proton is also offering a re-bate of between RM2,452.70 and RM3,306.27 for the Persona model. Hence, a standard 1.6 litre mod-el is at RM41,681.23, instead of RM44,391.09.

Meanwhile, Edaran Tan Chong said it is off ering a cash rebate of around 5% to 6% for new purchas-es of Nissan passenger vehicles,

resulting in savings of between RM4,569.03 and RM9,419.99.

For example, it has marked down the standard 1.5 litre Almera to RM64,639.05, from RM68,500 previously. It also said the standard 1.6 litre Nissan Grand Livina model had been reduced to RM82,194.71, from RM87,100.

“In the event of a new tax struc-ture implementation, on-the-road prices may vary for Nissan vehi-cles,” the company added.

Volvo said it had reduced prices as well, such as for the Volvo V40 from RM163,888 to RM154,648.93, resulting in a sav-ings of RM9,239.07.

For high-end models such as the XC90 T8 Twin Engine In-scription Plus, Volvo said it had slashed the new selling price to RMRM390,502 from RM413,888, resulting in a staggering savings of RM23,386.

“Th is revised pricing will take effect starting June 1, 2018 and will remain until further notice or announcement from the ministry of fi nance,” Volvo added.

BNM int’l reserves down 0.09% to US$109.4b as at May 15BY S U P R I YA S U R E N D R A N

BY J U S T I N L I M

BY E M I R Z A I N U L

AirAsia X 1Q net profi t quadruples on 13% growth in passenger volume

RAM projects Malaysia's April infl ation at 1.5%


Malaysia’s credit rating threatened by GST removalMain concern is the shortfall in govt revenue, say rating agencies

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

BY E M I R Z A I N U L BY S A N G E E T H A A M A RT H A L I N G A M

KUALA LUMPUR: Malaysia’s remov-al of the goods and services tax (GST) is credit negative, Moody’s Investors Service said, as it increases the gov-ernment’s reliance on oil-related revenue and narrows the tax base, straining fi scal strength. Moody's credit rating for Malaysia was last set at A3 with a stable outlook.

The global rating agency esti-mates the revenue loss from the voiding of the GST at 1.9% of gross domestic product (GDP) this year.

“In 2017, GST revenue was RM44.3 billion or 3.3% of GDP. Un-less the government introduces other off setting measures at least over the next one to two years, the GST’s removal will have a net nega-tive eff ect on government revenue, even accounting for some budgetary cushion from higher oil prices," said Moody's vice-president and senior analyst Anushka Shah in a report yesterday.

But if the sales and services tax (SST), which yielded revenue of around 1.6% of GDP before the GST replaced it, takes eff ect in July, Anushka estimates the revenue loss would narrow to 1% of GDP for 2018.

Moody’s said the revenue loss could be further brought down to 0.6% of GDP if brent crude oil moves above the price assumption of US$52 (RM206.44) per barrel in the govern-ment’s Budget 2018, to an average

KUALA LUMPUR: Telecommuni-cations group Axiata Group Bhd slipped into the red in the fi rst quar-ter ended March 31, 2018 (1QFY18), posting a net loss of RM147.41 mil-lion compared to a net profit of RM239.02 million.

In a statement yesterday, Axiata attributed the quarterly loss to high-er share of business losses from its Indian associate Idea Cellular Ltd of RM124.3 million as the Indian tele-communications market continued to struggle with a devastating price war and a hypercompetitive market.

"Excluding the impact of Idea, net profi t for the group would have been up 34.6% or RM386.9 million," said Axiata.

This resulted in the group re-cording a loss per share of 1.6 sen

US$70 per barrel this year."Beyond 2018, the reintroduction

of the SST will create a revenue short-fall of 1.7% of GDP if the GST remains at zero. Th e ministry of fi nance said it will announce specifi c measures that will cushion the shortfall.

"According to the government, the rationale for eliminating the GST is that it will ultimately boost private consumption and economic growth, adding to the tax coff ers through im-provements in corporate and motor vehicle taxes, and excise and import duties. We do not include these ef-fects in our assumptions because we do not expect a sizeable multiplier eff ect," said Anushka.

However, the Malaysian Rating Corp Bhd (MARC) expects the im-pact of the GST removal to be neu-tral on private consumption in 2018.

"While it will uplift consumer sentiment in the short term, the actual consumer spending trend would depend on the impact of the GST removal on general prices. We foresee 'price stickiness' to be a major challenge for policymak-ers as businesses may, for exam-ple, be reluctant to reduce prices due to profi teering and a general belief that most businesses will not reduce prices,” the local rating agency said in a separate report on "Post-GST removal: risk prospects ahead" released yesterday.

"As such, alternative mechanisms may be needed to handle the issue of

price stickiness post-GST removal, if a decrease in prices is the objective of the authorities," it added.

MARC noted the main concern from a sovereign rating perspective is the shortfall in federal government revenue after the abolition of the GST, which accounted for roughly 20% of the total federal government revenue in 2017.

Last Wednesday, the Malaysian government announced that all goods and services subject to the GST will be zero-rated.

"It is notable that the revenue from the GST averaged about RM43 billion per year between 2016 and 2017, about RM26 billion more than the average amount collected under the SST between 2013 and 2014," said MARC.

MARC opined that the gap be-tween the amount of SST to be col-lected in the near future and the abolished GST would not be as large as generally expected due to a larger number of taxpayers after the latter was introduced in 2015.

"Short-term measures that the government will likely introduce to fi ll the revenue gap include re-ducing leakages and reprioritising projects when utilising its operating expenditure.

"Higher commodity prices, par-ticularly from oil and oil-related products, would also provide extra revenue to government coff ers," it said.

Axiata slips into the red in 1Q due to losses from Indian associate Idea Tropicana 1Q net profi t surges 71% to

RM46.4min 1QFY18 compared to an earnings per share of 2.7 sen in 1QFY17.

Quarterly revenue fell 2.3% to RM5.75 billion from RM5.88 billion a year ago due to foreign exchange translation impact as the ringgit strengthened signifi cantly against all operating companies regional currencies compared with that in the same period in 2017.

Axiata also said the group-wide cost optimisation programme re-mains on track to deliver the targeted RM1.3 billion of savings for 2018.

"Th e balance sheet for the group was healthy with gross debt/earnings before interest, taxes, depreciation and amortisation at 2.23 times in 1QFY18 versus 2.4 times in 1QFY17. During the quarter under review, the group generated RM160 million in operating cash," it added.

Axiata noted that Celcom Axiata

Bhd's service revenue rose 2% year-on-year (y-o-y) in 1QFY18, on the back of growth in prepaid revenue.

"Celcom continued to focus on high value customers as y-o-y av-erage revenue per user improved by RM6 for postpaid and RM4 for prepaid.

"Aggressive network investments lifted its 4G and 4G LTE-A population coverage to 88% and 76% respective-ly," said Axiata.

Axiata president and group chief executive offi cer Tan Sri Jamaludin Ibrahim said while it remains in line with expectation, Axiata's investment in Idea continues to be challenging.

"Th e current state of the industry in India has led to foreign operators exiting the market or consolidating. Delays in the proposed merger be-tween Idea and Vodafone India will bring further impact on Axiata.”

Earnings summary of companies which released results yesterday

QUARTER ENDED QUARTER ENDED Y-O-Y CHANGE MARCH 31, 2018 MARCH 31, 2017 (%) (RM ‘000) (RM ‘000)

UOA Real Estate Investment Trust-1QFY18 Revenue 19,657 20,454 -3.90Net profit 31,810 9,906 221.12EPS (sen) 2.03 2.13 -4.69 Utusan Melayu (Malaysia ) Bhd-1QFY18 Revenue 55,512 41,510 33.73Net profit (5,845) (22,842) NMEPS (sen) (5.28) (20.63) NM

Serba Dinamik Holdings Bhd-1QFY18 Revenue 730,825 612,423 19.33Net profit 92,648 78,329 18.28EPS (sen) 6.51 6.43 1.24

UMW Holdings Bhd-1QFY18 Revenue 2,415,339 2,695,150 -10.38Net profit 74,084 20,165 267.39EPS (sen) 6.34 1.73 266.47 Inari Amertron Bhd-3QFY18 Revenue 325,827 274,033 18.90Net profit 55,174 51,178 7.81EPS (sen) 2.63 2.62 0.38 Hua Yang Bhd-4QFY18 Revenue 86,740 80,678 7.51Net profit 3,066 9,652 -68.23EPS (sen) 0.87 2.74 -68.25 T7 Global Bhd-1QFY18 Revenue 55,498 29,884 85.71Net profit 1,932 258 648.84EPS (sen) 0.45 0.07 542.86 Lafarge Malaysia Bhd-1QFY18 Revenue 546,829 561,854 -2.67Net profit (68,732) (48,934) NMEPS (sen) (8.10) (5.80) NM Taliworks Corp Bhd-1QFY18 Revenue 81,723 71,353 14.53Net profit 7,597 6,874 10.52EPS (sen) 0.63 0.57 10.53 Pentamaster Corp Bhd-1QFY18 Revenue 99,383 47,572 108.91Net profit 7,227 7,538 -4.13EPS (sen) 2.28 2.38 -4.20 Teo Seng Capital Bhd-1QFY18 Revenue 115,075 101,478 13.40Net profit 6,610 (4,836) NMEPS (sen) 2.20 (1.61) NMNM — Not meaningful

KUALA LUMPUR: Tropicana Corp Bhd’s net profi t surged 71.49% to RM46.4 million in the fi rst quar-ter ended March 31, 2018, from RM27.06 million a year earlier, on cost savings and advanced progress of projects.

Earnings per share grew to 3.17 sen from 1.89 sen a year ago, the group said in a fi ling with Bursa Malaysia.

Quarterly revenue went up 21.22% to RM453 million from RM373.68 million on higher pro-gress billings from advanced stag-es of construction work for many of the group’s ongoing projects.

Tropicana paid a fi rst interim dividend of 1.6 sen per share on Feb 22.

The group said the overall

short-term prospects for the in-dustry are expected to remain challenging.

It believes there will still be de-mand for properties in prime lo-cations with attractive pricing, and will continue to focus on being mar-ket-driven and unlock the value of its land bank at strategic locations across the Klang Valley, and the northern and southern regions of Peninsular Malaysia.

As such, it plans to introduce new phases across its signature de-velopments — Tropicana Heights, Tropicana Aman, Tropicana Met-ropark and Tropicana Danga Cove, expected to continue contributing positively to its earnings.

Tropicana is also confi dent of registering a steady recurring in-come stream from its property in-vestment portfolio.


Kossan targets double-digit capacity growth in two yearsGroup does not expect any further delay in completion of rubber glove plants, says MD

BY J U S T I N L I M

SHAH ALAM: Kossan Rubber In-dustries Bhd is targeting a dou-ble-digit growth rate for its rubber glove production capacity in the next two years, with total capacity expected to hit 32.5 billion piec-es by end-2019, from 25 billion at present.

Th e group estimates that its an-nual production capacity will rise by 10% by year end on commence-ment of Plant 16, and by 16% by end-2019 as Plants 17, 18 and 19 kick off operations, according to Kossan managing director (MD)

and chief executive offi cer Tan Sri Lim Kuang Sia.

Kossan said Plant 16 should be operating at full capacity by early July this year after completion of the plant was delayed for about a year due to machine installation and water supply issues. Located in Klang, the plant was initially expected to be completed by July last year.

Going forward, Kossan does not expect any further delay in the com-pletion of its rubber glove plants, Lim told reporters after the group’s annual and extraordinary general meetings yesterday.

“Plant 17 will be completed in the next two or three months. Plant 18 will be fi nished in January or February in 2019, and Plant 19 will be done by mid-2019,” Lim said.

Kossan, which prides itself as the fi rst company in the world to produce halal-certifi ed gloves, is also aiming to grow its halal glove segment.

It is targeting to raise its total annual capacity of halal-certifi ed gloves to 3.6 billion pieces by year end, from 2.4 billion at present.

Demand for halal gloves is size-able, said Kossan executive direc-tor Lawrence Lim, and given the

enormous business opportunities halal gloves present, the overall glove industry will soon come out with its own halal-certifi ed gloves.

“It’s a big advantage for us [being the forerunner]. Th e glove industry is competitive, [so being competi-tive] can [take diff erent forms, be it] in terms of compliance, standards or other diff erent aspects. We are designing things diff erently, not only simply [banking on] compet-itive pricing,” said Lim.

Kossan’s halal gloves were cer-tifi ed by Jabatan Kemajuan Islam Malaysia at the end of last year. Ja-pan was the fi rst country to import

its halal gloves, according to the group, indicating demand for such gloves is not limited to only Muslim or Muslim-majority nations.

Domestically, Kossan has also established the brand CONFIDENZ for its halal gloves, which can also be purchased online.

Going forward, Kossan targets to get all its plants certified ha-lal, with future plants to be de-signed to comply with halal re-quirements too.

Kossan’s share price slid 20 sen or 2.76% to RM7.05 yesterday, bringing it a market capitalisation of RM4.54 billion.

BY S U L H I A Z M A N

KUALA LUMPUR: Malaysia’s par-ticipation in pending trade agree-ments such as the Regional Com-prehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacifi c Partnership (CPT-PP) is left hanging in the air until a new trade minister is named.

“Th e new [Pakatan Harapan-led] government will have to decide whether Malaysia wants to be in the CPTPP [and other trade pacts] or not. As we don’t have a trade minister yet, this will be reviewed by the incom-ing minister because [to ratify such pacts], it will require some legislation to be amended,” ministry of interna-tional trade and industry (Miti) sec-retary-general Datuk Seri J Jayasiri told reporters after the opening of the three-day SEMICON Southeast Asia 2018 yesterday.

CPTPP is a signed but not yet ratifi ed trade pact among Australia, Brunei, Canada, Chile, Japan, Ma-laysia, Mexico, New Zealand, Peru, Singapore and Vietnam. At least six countries are needed to ratify it in order to fully implement the trade agreement.

As for the RCEP, which is a free trade agreement between 10 Ase-an countries and Australia, China, India, Japan, South Korea and New Zealand, Jayasiri said negotiation is still ongoing.

“I believe the new government is supportive of the RCEP negotia-tion, [based on my reading of] the manifesto of the Pakatan Harapan government,” he said.

Malaysian Investment Develop-ment Authority (Mida) chief execu-tive offi cer Datuk Azman Mahmud

Malaysia’s participation in trade pacts left hanging in the air

said the government is looking to improve the investment incentives to lure more high technology and quality projects in the future.

“This is still on the drawing board, and we are looking at where technology is heading. When there is growth, there will be more invest-ment and we are anticipating to capture these markets,” Azman said, adding that the current scheme to incentivise investors “remains conducive”.

Between January and March this year, Mida approved RM485 million worth of domestic and foreign in-vestments related to semiconductor technologies, mostly in Penang.

Jayasiri said incentives are not the only scheme to attract poten-tial investors here, as sometimes it is seen as the icing on the cake.

“It is more important to have a more business-friendly environ-ment and a right ecosystem. Build-ing on what is in place, we are tak-ing it (improving incentives) up to the next level,” he added.

Jayasiri said Miti is generally op-timistic about the outlook for the semiconductor industry that forms the bulk of the country’s electrical and electronics sector.

SEMI Southeast Asia president Ng Kai Fai expects the global sem-iconductor industry to grow signif-icantly, with average revenue of electrical and electronics-related fi rms to come in at US$450 billion (RM1.79 trillion) in 2018, and sur-pass US$500 billion in 2019.

“In 2017, the semiconductor industry had a watershed moment when revenue surpassed US$400 billion. Th is is a huge potential for all of the players in the electrical and electronics sector,” he said.

N E W S I N B R I E F

BY FA I Z H A L I M

KUALA LUMPUR: Local tour and travel agents have called on the Pakatan Harapan government to abolish the tourism tax, as the new government moves forward with its plans to remove the 6% goods and services tax.

Th e tourism tax, enforced on Sept 1 last year, applies to foreign tourists who are charged a fl at rate of RM10 per room per night.

“Th e Malaysian Association of Tour and Travel Agents (Matta) has objected and expressed concerns to the ministry of tourism and cul-ture on the tourism tax from day one as it would have impacted the tourism industry, particular-

Local travel agents call on govt to abolish tourism taxly price-sensitive tourists, as well as long-haul travellers who spend longer durations in the country,” said its president Datuk Tan Kok Liang in a statement yesterday.

Tan pointed out that the amount of tourism tax collected is only a frac-tion of what the government gains from other forms of taxes, which are also less obvious compared with the “in-your-face tourism tax”.

“We welcome tourists to have an enjoyable holiday experience and spend freely on accommoda-tion, food and beverages, tourist attractions and tour excursions, but collecting tax from tourists would be counterproductive,” he added.

He also noted that Malaysia’s tourism sector is trailing behind

neighbouring countries such as Th ai-land, Singapore and the Philippines.

“Tourist arrivals for Asean countries recorded positive growth in 2017, with a 7.8% increase for Th ailand, 6.2% for Singapore and 11% for the Philippines, while that for Malaysia dropped by 3% with 25.95 million tourists in 2017 com-pared with 26.76 million in 2016.

“Putting up more barriers may de-ter tourists from choosing Malaysia as a preferred holiday destination. With-out the tourism tax, foreigners would be delighted to come to our country, stay longer and spend more freely,” said Tan, adding that Matta is ready to contribute to the discussions with the relevant ministries in reviewing and removing the tourism tax.

BY FA I Z H A L I M

KUALA LUMPUR: Swiss insurer Zurich Malaysia (Zurich Life In-surance Malaysia Bhd, Zurich Gen-eral Insurance Malaysia Bhd and Zurich Takaful Malaysia Bhd) has announced that it will absorb the 6% goods and services tax (GST) incurred for new applications and

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has appointed Kan Wai Sum as chief executive offi cer (CEO) of the rating agency.

Kan, who previously served CIMB Investment Bank Bhd as head of credit strategy, replaces Mohd Razlan Mohamed, who has served in the position since May 2007.

In a statement yesterday, MARC said Kan brings with her 21 years of experience in both the investment banking and rating industries. She started her career as a rating analyst with Rating Agency Malaysia.

She then joined CIMB Invest-ment Bank to become head of busi-

ness development. During her 13.5 years in CIMB, she served in various roles encompassing rating advisory, debt capital market coverage and structuring, portfolio management and trading, as well as credit ana-lytics. She also had a short stint of 1.5 years in a boutique advisory fi rm based in Singapore.

Zurich Malaysia to absorb GST for new policy applications, renewals in May

renewal of insurance policies and takaful certifi cates for this month.

Th is is in view of the recent an-nouncement made by the govern-ment on the zero-rating of the con-sumption tax come June 1.

In a statement yesterday, Zurich Malaysia said the GST incurred for all new individual life insurance policies and family takaful certif-

icates issued between May 1 and May 31 will be credited back to the customers by the company.

“For its general insurance and general takaful business, the compa-ny will absorb the GST of which the eff ective date falls between May 20 and 31. Th e absorption is applicable to both new applications and renewal of policies or certifi cates,” it added.

MARC appoints Kan Wai Sum as CEO

ST O C KS W I T H M O M E N T U M 9WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY


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

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

H O M E BU S I N E S S

UEM Sunrise 1Q net profi t up 9%

BY C H O N G J I N H U N

TM 1Q profi t drops 32% as voice, data, other ops decline

SHARES in loss-making G Neptune Bhd (fun-damental: 0/3, valuation: 0/3) triggered our proprietary momentum algorithm for the third time since January this year.

Th e share price gained 0.5 sen or 6.7%, with a market capitalisation of RM21.66 million. A total of 17.04 million shares were traded, about 17 times higher than its 200-day aver-age volume of 1.03 million shares.

Th e board has changed the fi nancial year end of the company from Dec 31 to June 30. Hence, the fi nancial statement for the fi nan-

cial year ended June 30, 2017 (FY17) covered a period of 18 months.

For FY17, G Neptune’s revenue rose to RM1.78 million from RM480,000 in FY15. It posted a net loss of RM1.29 million for FY17 compared to a net profi t of RM729,663 in FY15.

Th e company is mainly involved in the research and development of information technology. It also sells skincare and cos-metic products. At the current share price, G Neptune shares are trading at below its book value.

SHARES in GSB Group Bhd (fundamental: 0.15/3, valuation: 0.3/3), triggered our pro-prietary momentum algorithm for the second time since January this year.

Th e stock closed one sen or 6.25% lower at 15 sen, with a market capitalisation of RM84.5 million. A total of 13.46 million shares were traded, about 13 times higher than its 200-day average volume of 1.047 million shares.

On May 18, Kerjaya Prospek Group Bhd ex-ecutive director Datin Toh Siew Chuon, wife of group executive chairman Datuk Tee Eng Ho

— through Javawana Sdn Bhd — acquired an additional 24.05% interest in GSB for RM16.51 million in cash. With the latest acquisition, Ja-vawana’s interest in the property fi rm increased to 40.71% from 16.66%.

For the nine-month period ended Dec 31, 2017, GSB’s net loss ballooned to RM4.05 million from RM463,000 a year ago. Revenue dropped to RM21.7 million in the nine-month period, from RM25.03 million in the corresponding pe-riod. At the current share price, the company’s shares are trading at 1.52 times its book value

SHARES in Tan Chong Motor Holdings Bhd (TCM) (fundamental: 0.35/3, valuation: 1.2/3), triggered our proprietary momentum algo-rithm for the fi rst time this year.

Th e company’s share price soared to a one-year high of RM1.88, up fi ve sen or 2.73%, with a market capitalisation of RM1.19 billion. A total of 467,900 shares were traded, about four times higher than its 200-day average volume of 129,322 shares. TCM reported a net profi t of RM4.25 million for the fi rst quarter ended

March 31, 2018 (1QFY18), versus a net loss of RM35.32 million in the corresponding period last year, owing to reduced net debt.

Th e group’s revenue improved 4% to RM1.03 billion in 1QFY18, from RM995.65 million in 1QFY17. TCM said the automotive division re-corded a higher revenue in the quarter under review, as more vehicles were sold during the period, backed by promotional campaigns.

At the current share price, TCM shares are trading at 0.43 times its book value.

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

0.000.00

--

(8.17)-

21.66288.75

-0.590.04-0.09

*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

GSB 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

0.300.15

--

1.62-

84.50528.10

0.880.09-0.16


TAN CHONG MOTOR HOLDINGS 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

1.200.35

--

0.431.09

1,194.37652.66

0.711.34-1.85


G NEPTUNE BHD (+ve)

GSB GROUP BHD (-ve)

TAN CHONG MOTOR HOLDINGS BHD (-ve)

KUALA LUMPUR: Property developer UEM Sunrise Bhd posted an 8.5% increase in net profi t to RM25.29 million in the fi rst quarter ended March 31, 2018 (1QFY18) from RM23.31 million a year ago, on high-er net contribution from associates and joint ventures, albeit a lower operating profi t driven by lower revenue.

Earnings per share rose to 0.56 sen compared with 0.51 sen a year ago. Quarterly revenue, however, fell 31.5% to RM287.74 million in 1QFY18 from RM420.34 million in 1QFY17.

In a fi ling with Bursa Malaysia yester-day, UEM Sunrise attributed the lower quarterly revenue to the completion of Teega, Arcoris and Residensi 22 in the pri-or year, while in 1QFY18, the new launches of Residensi Solaris Parq in Dutamas, Ser-imbun in Iskandar Puteri, Johor and Kon-dominium Kiara Kasih in Segambut were still at the initial stage of development.

“Nonetheless, the impact of this project development progress cycle, to a certain extent, is cushioned by the completion of a land sale in the current quarter under review and good construction progress from the Almas, Sefi na and Estuari pro-jects,” it said.

In a separate statement, UEM Sun-rise said its property development sales achieved in 1QFY18 was RM434.3 million, up 156% from RM169.4 million in 1QFY17.

“Th irty-nine per cent of the total prop-erty development sales was contributed by the central region, largely from Residensi Solaris Parq, Kondominium Kiara Kasih and Symphony Hills in Cyberjaya,” it said.

“Another 37% of the property devel-opment sales was from the company’s international projects — Mayfair and Con-servatory in Melbourne, Australia, while the remaining 24% was from the south-ern region, mainly from Serimbun near Bukit Indah followed by Estuari Gardens in Puteri Harbour and Denai Nusantara, all in Iskandar Puteri, Johor.”

KUALA LUMPUR: Telekom Malaysia Bhd’s (TM) first quarter net profit fell 32% year-on-year (y-o-y) to RM157.16 million from RM230.43 million, as a de-cline in voice, data and other telecommu-nication-related services led to a drop in group revenue.

Following the release of its quarter-ly results, the group’s share price fell 50 sen or nearly 11% to RM4.20 yesterday, after 11.78 million shares were done. At the current price, TM has a market cap-italisation of RM17.32 billion. Th e stock is down 33% y-o-y.

In a statement to Bursa Malaysia, TM said its revenue for the three months ended March 31, 2018 (1QFY18) dropped to RM2.85 billion, from RM2.96 billion.

“Group revenue decreased 3.9% (or RM116.6 million) to RM2.848 billion, from RM2.965 billion in the same quarter last year, due to a decline in voice, data and other telecommunication-related ser-vices. Th is led to a 35.2% (RM105.2 mil-

To date, UEM Sunrise has launched projects with a total gross development value (GDV) of RM356.8 million.

On prospects for the current fi nancial year ending Dec 31, 2018 (FY18), UEM Sunrise said it remains prudent in its sales and GDV targets of RM1.2 billion and RM1 billion respectively for 2018 and is ready to activate further launches depending on market conditions.

The group’s unbilled sales stood at RM4.8 billion as at March 31, 2018.

“We are aware of the market’s needs for more mid-market and aff ordable res-idential products within strategic loca-tions and have devised our deliverables to meet such expectations, which proved to be eff ective as seen in the sales perfor-mance of Serimbun and Kondominium Kiara Kasih,” said UEM Sunrise managing director and chief executive offi cer An-war Syahrin Abdul Ajib in the statement.

“Having said that, our focus is not only on aff ordable and mid-market products. As a diverse property developer with a port-folio encompassing townships, high-rise residences and mixed commercial devel-opments, including properties from the aff ordable market segment to mid- and high-end segments, we have the fl exi-bility to change our product mix to suit demand,” he added.

lion) decrease in operating profi t before fi nance cost, from RM299.1 million in the fi rst quarter of 2017 to RM193.9 million.

“Group profi t after tax and non-con-trolling interests decreased 31.8% (RM73.3 million), from RM230.4 million to RM157.1 million, despite a higher foreign exchange gain on the group’s borrowings in the cur-rent quarter, compared with that in the corresponding quarter of 2017,” TM said.

TM group chief executive offi cer Da-tuk Seri Mohammed Shazalli Ramly said the group saw challenges across its cus-tomer clusters in 1QFY18, aff ecting its performance.

“For the rest of this year, we remain guided by our two key strategic thrusts — to accelerate convergence and empower digital via our PERFEXE 10 approach. Th is will enable us to further accelerate broad-band connectivity, convergence and the digital economy. We will continue with our investments for long-term growth, in line with our expansion plans but will also ensure that we fully sweat our exist-ing assets,” he said.

We are aware of the market’s needs for more

mid-market and aff ordable residential products

within strategic locations and have devised our deliverables to meet such expectations.

1 2 P R O P E RT Y WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

All housing under one roof?KPKT mulls syncing government aff ordable housing schemes into one programme

NEW YORK/LONDON: Cadre, a real estate technology start-up co-founded and partly owned by White House senior advis-er Jared Kushner, is seeking an investment of at least US$100 million (RM397 million) from a private fund that receives much of its capital from the govern-ments of Saudi Arabia and the United Arab Emirates (UAE), according to people familiar with the discussions.

A top executive of Cadre, the people said, has met privately in recent months with represent-atives of the SoftBank Vision Fund, a technology investment vehicle that gets almost half of its US$100 billion from the Sau-di government’s Public Invest-ment Fund. Th e UAE has put at least US$15 billion into the Vision Fund through its sover-eign wealth fund as well.

Kushner does not play an ac-tive role in Cadre’s operations, company officials say when asked about the president’s son-in-law. But he has not divested his Cadre stake, valued at US$5 million to US$25 million on his most recent fi nancial disclosure form. People close to Cadre said that neither Kushner had taken part in the recent funding dis-cussions with SoftBank.

Th e discussions are sensitive, and a funding deal might not materialise, the people famil-iar with the matter said. Rep-resentatives of Cadre declined to comment when asked about the status of the talks. Andrew Kovacs, a spokesman for the Vision Fund, said SoftBank declined to comment on the matter.

Jared’s role as both a piv-otal government figure and a potential benefi ciary of the deal could create the appear-ance of confl icts of interest on a range of policy issues before the Trump administration. Soft-Bank Group Corp chief execu-tive offi cer Masayoshi Son, who created the Vision Fund in 2016 to invest in transformative tech-nologies, is especially eager to complete a merger of his Sprint Corp with T-Mobile US Inc, an industry-consolidating move that would require the approval of Trump’s regulators.

Th e involvement of Middle Eastern money also could be problematic given Jared’s lead-ing role as a policy adviser for the region — visible in his recent appearance in Jerusalem to her-ald the relocation there of the US embassy. He has been involved in extensive diplomatic discus-sions with Saudi and Emirati leaders, supporting initiatives that benefi t their countries and that punish rivals like Qatar, which had for years been a US ally. — Bloomberg

BENGALURU: LaSalle Hotel Properties decided to sell itself to private equity firm Black-stone Group LP for US$3.7 billion (RM14.69 billion) in cash, reject-ing a cash-and-stock off er from rival Pebblebrook Hotel Trust.

Blackstone’s off er values La-Salle at US$33.50 per share and represents a premium of 5% to LaSalle’s closing price last Friday.

Pebblebrook’s off er, which values the US hotel owner at US$35.89 per share based on last Friday’s close, consisted of a maximum of 20% in cash and the rest in stock.

“Blackstone off er provides immediate and certain cash value,” Baird Equity Research analyst Michael Bellisario wrote in a note.

LaSalle chairman Stuart Scott said it was in touch with 20 potential buyers and signed confi dentiality agreements with 10 of them before deciding on Blackstone’s off er.

Shares in LaSalle rose above Blackstone’s off er and were trad-ing up 5.6% at US$33.70 on Mon-day, indicating that the market was expecting a higher off er.

“We believe Pebblebrook would likely have to raise its off er by 5% to 10%,” SunTrust analyst Patrick Scholes said in a note. — Reuters

Kushners’ Cadre start-up said to seek Saudi-backed SoftBank fund

LaSalle accepts Blackstone’s US$3.7b off er

BY TA N A I L E N G

o f Ed g e Pr o p . m y

This article was first published in www.EdgeProp.my. Check out the website for the latest property news and listings.

PUTRAJAYA: Th e housing and lo-cal government ministry (KPKT) is mulling a proposal to synchronise existing public aff ordable housing schemes — including PR1MA — under one programme to avoid overlaps, said its newly sworn-in minister Zuraida Kamaruddin.

“Although PR1MA is not under KPKT, there is a possibility for us to propose to the cabinet to synchro-nise everything together instead of having two separate programmes which share the same target,” she told the media after a management meeting yesterday.

Zuraida stressed that by central-ising all resources into one aff orda-ble housing programme, it could reach out to more people, thus, helping the right people achieve homeownership.

As part of its election manifesto, Pakatan Harapan had proposed to set up a National Aff ordable Hous-ing Council chaired by the prime minister which will combine all functions of various agencies.

Th e council will be tasked with overseeing aff ordable homes con-

SEMENYIH: Th e soft launch of the highly anticipated Barras starter homes will take place this weekend at S P Setia’s exclusive township, Setia Ecohill 2.

Pre-launch registration of the start-er homes has started since mid-May in which, during this period, custom-ers may place a booking with just RM1,000 payable by cheque or bank draft to Setia EcoHill 2 Sdn Bhd to enjoy the attractive early bird rebates.

Barras, the first of the starter homes series in Setia EcoHill 2, is a collection of 20’ x 70’ double storey terrace homes priced RM513,000 onwards and due for completion in the third quarter of 2020.

With a total of 114 units, there are two types of layout available — four-bedroom and three-bedroom designs with practical layout plans and beautiful facades for customers to choose from.

Koh Sooi Meng, general man-ager of Setia EcoHill said: “We un-derstand that security is one of the biggest concerns for every home-buyer. Every home will be equipped with a home alarm system within a guarded and fenced community.

“We will also be engaging auxil-iary police for community policing in order to further safeguard the safety of its residents within the township”, said Koh.

To help young customers, S P Setia is off ering an attractive Easy Home Ownership Package. Aside

struction matters, coordinating a unifi ed and open database on un-sold aff ordable homes and organise a rent-to-own scheme for the B40 and M40 groups.

On the difficulty of securing mortgage loans by homebuyers, Zuraida said there is a need to review the overall housing pro-gramme in the country to fi nd out eff ective ways to make home prices aff ordable.

“Before this, I did have some informal discussions with the eco-nomic aff airs minister [Datuk Seri Azmin Ali]; he did mention that Bank Negara [Malaysia] will need to be more relaxed in their lending guidelines,” she added.

However, she noted that there is a need to find a win-win way in which banks and homebuyers can benefi t.

Zuraida, who is also Wanita Pa-katan Harapan chief, arrived at the KPKT offi ce here at 9.18am yesterday.

She was welcomed by KPKT Sec-retary General Datuk Mohammad Mentek on the ground floor, to-gether with over 50 staff, before proceeding to 18th fl oor to “clock in” to work.

She said she has been briefed

by all the senior staff in the minis-try on existing projects as well as future planning.

“They have given me a good overview of the ministry and I’m glad that they are ready to study Pakatan Harapan’s manifesto on matters regarding housing poli-cies,” she said.

Zuraida added that there will be

another meeting tomorrow when urgent projects, such as waste man-agement, will be reviewed, dis-cussed and approved.

Zuraida ‘clocking in’ on her fi rst day at work in the KPKT. Looking on is Mohammad. Photo by Low Yen Yeing/EdgeProp.my

S P Setia launches starter homes in Semenyih

The Barras show unit is available for public viewing at the Show Village in Setia EcoHill, Semenyih.

from the 7% bumiputera discount and early bird rebates, the developer will also fully absorb all incidental costs including sale and purchase agreement, loan agreement and memorandum of transfer legal fees.

Customers can also opt for the zero-interest credit card easy pay-ment plan of up to 24 months for the down payment.

Young homeowners can now purchase landed homes under the starter home series for under RM500,000 after applying discounts and rebates, making this a deal not to be missed.

Purchasers will benefi t from var-ious nearby amenities such as the Club 360 clubhouse, Tenby Inter-

national School and the upcoming EcoHill Walk which will house the fi rst cinema in the Kajang-Semenyih Corridor upon its completion in 2020.

Residents will also have access to community parks which include the 17-acre (6.88ha) South Creek and 18-acre Adventure Park with-in Setia EcoHill 2, as well as the award-winning 11-acre EcoHill Park in Setia EcoHill.

S P Setia has spent over RM80 million to construct the Le-kas-EcoHill Link — a direct link to Lekas Highway that helps residents commute to Cheras, Bangi, Kajang, Seri Kembangan, Puchong, Cyber-jaya, Putrajaya and other parts of Kuala Lumpur city.

BY D AV I D KO C I E N I E W S K I

& S T E P H A N I E B A K E R

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

1 4 B R O K E R S’ C A L L WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

Benefi ts from zero-rated GST seen for BAT Malaysia British American Tobacco(Malaysia) Bhd(May 22, RM34.16)Downgrade to market perform with a lower target price (TP) of RM31.70: British American Tobac-co (Malaysia) Bhd’s (BAT Malay-sia) net earnings for fi rst quarter of fi nancial year 2018 (1QFY18) of RM96.2 million (-20%) and interim dividend of 33 sen are below expec-tations, due to persistent drag from the growing illegal trade market. As there may be no immediate price adjustments with the “zero-rating” of goods and services tax (GST) in June 2018, we assume the group may benefi t from better margins until an adjustment comes into eff ect.

1QFY18 net profit of RM96.2 million came below our and con-sensus estimates, making up 18% of both full-year expectations. Th e miss was owing to the continuing growth in illegal trades, which nar-rowed legal sales across the market. An interim dividend of 33 sen also missed our full-year estimate of 178 sen following the weaker results.

Year-on-year, 1QFY18 sales of RM637.6 million (-15%) came in weaker from the absence of export sales in 3QFY17, and declining sales volume due to market down trading towards illicit products (estimated 1QFY18 illegal mar-ket share of 63%, +3 percentage points). However, earnings before interest and tax declined by 18%, likely due to lower margin returns from the reintroduction of the value-for-money range of “Roth-mans” products during 4QFY17. Core net earnings of RM96.2 mil-lion fell by 20%, which was also attributed to a one-off restructur-ing adjustment in 1QFY17 results. Quarter-on-quarter, 1QFY17 rev-enue decreased by 14% as legal trade transactions declined from the above-mentioned growth in illegal trades. However, better sales mix supported group mar-gins while also retained market share. Core net profit, however, only fell by 7%, which could have been due to less marketing spend in lieu of the softer market.

Despite the introduction of more

Tan Chong Motor Holdings Bhd (May 22, RM1.88) Maintain buy with a target price (TP) of RM2.15: Tan Chong Motor Holdings Bhd is looking towards a better fi nancial year 2018 (FY18), banking on the new model line-up (Serena S-Hybrid, Urvan, and Leaf) and favourable ringgit position against the US dollar. Its Indo-China market reported strong sales growth (+41% year-on-year [y-o-y]) from the demand for Navara and X-Trail. We keep our forecasts unchanged.

Tan Chong’s revenue for its fi rst quarter of fi nancial year 2018 (1QFY18) grew to RM1.03 billion (+3.9% y-o-y) due to better sales mix and contribution from fi nancial services segment of RM24.8 mil-lion (+47.2% y-o-y) from higher loan book size. Core profi t after tax and minority interests grew by 11.2% to RM14 million attributed to favour-able ringgit position against the US dollar, lower marketing expenses, and improved sales mix.

Tan Chong will focus on high-er-margin models such as X-Trail, Navara, and Serena for margin re-covery. Management is looking at 4% to 5% market share in FY18, banking on new model launches. To date, the new Serena S-Hybrid MPV, which was launched in March 2018, has gathered 1,300 units of booking. Management shared its target sales volume for the new Serena S-Hybrid would be 500 units per month. Tan Chong is also planning to introduce new Urvan com-

Tan Chong expected to focus on higher-margin models

plete knocked-down version and Leaf complete built-up versions by year end.

Sales in Indo-China improved 41% y-o-y mainly from high demand for Navara and X-Trail. However, Viet-nam market reported lower quar-ter-on-quarter (q-o-q) sales (-14% q-o-q) in 1QFY18 mainly due to im-plementation of Decree 116 that came into eff ect on Jan 1, 2018. Decree 116 is a measure by the Vietnamese gov-ernment for domestic companies as the government sets a number of technical barriers to limit the im-port of cars. However, management foresees continued healthy growth trends in Indo-China with Vietnam as the key market. Th e utilisation rate of Danang plant in Vietnam current-ly stands at 50%. Management has revealed that the new agreement with Xiamen King Long will boost Vietnam’s plant utilisation by FY19.

In terms of its foreign exchange sensitivity, the group expects every one sen change in ringgit versus US

dollar will sway its pre-tax profi t by about RM3 million per annum.

Given the change of Malaysia po-litical status post-14th general elec-tion, management expects certain policies to change and Tan Chong will need to review the investment status of the new automotive Bagan Datuk hub. Tan Chong has mentioned that the new automotive hub is intended to expand the commercial vehicle segment. With the expansion plan in place, it is planning to export to Indonesia, Th ailand, the Philippines, Sri Lanka, and Bangladesh.

Recent ringgit stabilisation has improved the outlook of Tan Chong, given its large cost structures denom-inated in US dollar. Furthermore, the removal of goods and services tax and stabilization of fuel prices are expected to improve consumer sentiment in the near term. We main-tain our “buy” recommendation with a TP of RM2.15. — Hong Leong Investment Bank Research, May 22

aff ordable off erings into the market, the proportion of illicit trade contin-ued to grow and saw a new high of 63% during the quarter. With a new government administration, there could potentially be new approach-es undertaken to resolve the issue, albeit requiring further proof of ef-

fectiveness. A “zero-rating” of GST was announced by the government to be eff ective from June 1. While this could translate into lower pric-es, management has described that the tobacco industry is restricted by health ministry’s regulations against decreasing prices without

Sunway Bhd(May 22, RM1.52)Maintain hold with a target price of RM1.60: Sunway Bhd’s net profi t for fi rst quarter of fi -nancial year 2018 (1QFY18) of RM121.9 million came in within expectations, accounting for 21% and 22% of our and consensus full-year forecasts respectively.

Year-on-year (y-o-y), Sunway’s 1QFY18 revenue and net profit grew 20% and 13% respective-ly to RM1.3 billion and RM121.9 million. The improvement was largely due to higher contribution from all business divisions, except property development. Property development division’s revenue decreased 7.7% y-o-y to RM132.3 million, mainly due to lower sales and progress billings from local development projects.

Nevertheless, the group’s prop-erty investment division was the star performer during the quarter, with the division’s revenue increasing 18% y-o-y to RM220 million. Th e better performance was driven by higher contribution from Sunway Pyramid Hotel following the com-pletion of refurbishment exercise, Sunway Velocity Hotel which com-menced operations in September 2017, and improved performance of Sunway Velocity Mall.

Sunway reported RM166 mil-lion sales in 1QFY18 (+17% y-o-y). Key contributors to 1QFY18 sales were Sunway Iskandar and Sin-gapore projects. Unbilled sales eased to RM947 million (eff ec-

Sunway 1Q net profi twithin expectations

British American Tobacco (Malaysia) Bhd

FYE DEC (RM MIL) 2017A 2018E 2019E

Turnover 3,002.3 3,030.1 3,166.7Ebit 658.4 659.3 729.0PBT 639.2 642.7 713.2Net profit 492.6 502.8 557.9Core net profit 522.4 502.8 557.9Consensus (NP) - 530.0 585.6Earnings revision (%) - -6.3 -2.2Core EPS (sen) 183.0 176.1 195.4Core EPS growth (%) -22.6 -3.7 11.0NDPS (sen) 169.0 167.0 185.0BVPS (RM) 1.3 1.4 1.5PER (x) 18.3 19.0 17.1PBV (x) 25.0 23.4 21.9Net gearing (x) 1.0 0.9 0.8Net dividend yield (%) 5.1 5.0 5.5Source: Kenanga Research

its formal evaluation and approval. Regardless, we believe the group may see some benefi ts either from better margins if prices remain, or better sales if prices become more aff ordable minus GST.

Post-results, we trim our FY18 and FY19 earnings estimates by 6.3% and 2.2% respectively for more conservative sales assump-tions. However, we improve our margins assuming prices for the remainder of the year are con-stant, but without GST contribu-tions. Our dividend assumptions are lowered to 167 sen/185 sen from 178 sen/195 sen.

Downgrade to “market perform” with a lower TP of RM31.70 (from RM33.85 previously). Th is is based on an unchanged 18 times FY18 price-earnings ratio eatimate (-2 standard deviation fi ve-year mean) on a revised earnings per share. While capital upside appears limit-ed, the stock may still be an avenue for dividend yield seeking investors with 5% and 5.5% expected in FY18 and FY19 respectively. — Kenanga Research, May 22

tive RM811 million), from RM976 million a quarter ago.

Despite only securing new sales of RM166 million in 1QFY18, man-agement has maintained its sales target of RM1.3 billion for FY18, un-derpinned by new projects worth RM2.1 billion and other existing projects. Specifi cally, Sunway and its Singapore joint-venture partners launched Rivercove Residences in Singapore last month. Sales per-formance was encouraging with 80% of the 628 units sold during its fi rst ballot and booking exer-cise in April.

Th e group’s unbilled sales of RM947 million and outstanding construction order book of RM4.6 billion (external jobs only) should provide earnings visibility for the next two to three years. Rolling forward our valuation base year to calendar year 2019 (CY19). We value Sunway at RM1.60, based on target average blended CY19 price-earnings ratio and price-to-book ratio of 13 times and 1.0 times respectively. — TA Securities Research, May 22

Despite only securing new sales of RM166 million in 1QFY18, management has

maintained its sales target of RM1.3 billion

for FY18.

Management is looking at 4% to 5% market share in FY18, banking on new model launches.

1 6 B R O K E R S’ C A L L WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

Petronas Chemicals 1QFY18 profi t within forecasts

Magnum Bhd (May 22, RM2.15)Maintain hold with a higher tar-get price (TP) of RM2.10: The group reported a core net profi t of RM55 million (+80% year-on-year [y-o-y], +4% quarter-on-quar-ter [q-o-q]) in fi rst quarter of fi -nancial year 2018 (1QFY18). Th e stronger results on a y-o-y basis were mainly due to higher gam-ing revenue, and better luck factor (the estimated prize payout ratio was 65% for 1QFY18 versus 70% in 1QFY17). We believe that q-o-q comparison does not serve as a good gauge for the group’s fi nan-cial performance since its earnings are highly seasonal.

Gaming revenue for 1Q in-creased by 2.1% y-o-y mainly due to higher gaming revenue from its 4D Jackpot game on the back of highly attractive jackpot priz-es. 1QFY18 earnings accounted for 24% of our full-year forecast, which we deem to be within ex-pectations. Nonetheless, the group declared a fi rst interim dividend per share (DPS) of four sen, imply-ing a payout ratio of 103%, which is above our expectations of 75%.

Th e stock has been rerated post general election (rising 18% since May 14), mainly driven by rising optimism that the new adminis-tration will intensify its eff orts to curb illegal number forecasting operator (NFO) activities, and po-tential earnings accretion from the abolishment of goods and services tax (GST). With regard to the illegal NFOs, we understand that com-petition remains high and we do expect that sometime is needed to curtail the activities of illegal

NFOs, even if the new adminis-tration was to intensify its eff orts going forward.

On the GST front, the NFOs have absorbed the GST in the past and a complete abolishment could raise Magnum’s earnings by about 10%. Nonetheless, there is a risk that the government could raise the gaming tax to make up for the tax revenue shortfall arising from the abolishment of GST. Th is could lead to muted earnings impact on NFO players. Given the lack of clarity with regard to the two is-sues outlined above, we are keep-ing our earnings estimates largely unchanged for now.

Despite minimal revisions to our earnings forecasts, we have raised our dividend forecasts to 85% (from 75%) in view of >100% dividend payout in 1QFY18, and management’s guidance that the group will pay out at least 80% of its earnings as dividends, even under the shadow of the unre-solved tax dispute case with the Inland Revenue Board. Post revi-sions to our dividend payout as-sumption, our dividend discount model-based TP rises to RM2.10. Maintain “hold”. — DBS Group Research, May 22

Potential earnings accretion from zero-rated GST seen for Magnum

Petronas Chemicals Group Bhd(May 22, RM8.43)Maintain hold with a higher fair value (FV) of RM9.60: We main-tain our “hold” recommendation on Petronas Chemicals Group Bhd (PChem) but with a higher FV of RM9.60 per share (from an earlier RM8.35 per share) by raising fi-nancial year 2019 forecast (FY19F) earnings before interest, taxes, de-preciation and amortisation (Ebit-da)) from eight times to 9.3 times, based on two standard deviations above its three-year average of eight times given the stock’s positive cor-relation to crude oil price, which has risen above US$75 (RM297.75) per barrel. We note that the share price has already outperformed the FBM KLCI by nine percentage points (ppts) due to the upturn in crude oil prices over the past six months.

Our PChem’s FY18F to FY20F earnings are maintained as the group’s fi rst quarter (1QFY18) core

net profi t of RM1.21 billion gener-ally came in within expectations, accounting for 28% of our FY18F earnings and 30% of consensus, versus 19% to 31% for 1QFY15 to 1QFY17 against their respective years. We highlight that our FY18F to FY20F earnings are 8% to 9% above consensus. Th e group did not declare a fi rst interim dividend as expected.

As we had highlighted in our 4QFY17 results update, the group’s fi rst half (1HFY18) results are likely to be strong with high plant utilisa-tion rates with only one minor plant maintenance in 2QFY18. Howev-er, 2HFY18 earnings could soften as four plants, which include the ethylene cracker, methanol and Asean Bintulu Fertiliser plants, will undergo turnaround activities that could lower the 1QFY18 utilisation rate of 100% to an overall FY18F rate similar to 91% in FY17.

Excluding an exceptional loss of RM153 million (forex movement

Petronas Chemicals Group Bhd

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

Revenue 17,407.0 18,338.2 19,603.2 20,988.2Core net profit 4,177.0 4,391.8 4,575.0 5,028.5FD core EPS (sen) 52.2 54.9 57.2 62.9FD core EPS growth (%) 34.0 5.1 4.2 9.9Consensus net profit 4,065 4,243.4 4,618.8DPS (sen) 27.0 27.4 28.6 31.4PER (x) 16.6 15.8 15.2 13.8EV/Ebitda (x) 9.5 9.3 8.5 7.4Dividend yield (%) 3.3 3.4 3.5 3.9ROE (%) 15.2 15.2 14.7 15.0Source: AmInvestment Bank

AWC Bhd

FYE JUNE (RM MIL) 2016A 2017A 2018F 2019F 2020F

Revenue 249.3 296.1 313.9 331.0 355.5Operating Ebitda 31.90 45.94 42.29 44.78 47.67Net profit 17.30 21.59 21.15 22.74 24.22Core EPS (RM) 0.068 0.069 0.083 0.089 0.095Core EPS growth (%) 89.8 2.3 19.6 7.5 6.5FD core PER (x) 10.95 10.71 8.96 8.33 7.82DPS (RM) 0.025 0.020 0.025 0.030 0.035Dividend yield (%) 3.38 2.70 3.38 4.05 4.73EV/Ebitda (x) 5.36 3.64 4.05 3.75 3.50P/FCFE (x) 27.43 5.97 21.51 11.52 11.42Net gearing (%) (32.0) (34.6) (32.2) (33.7) (34.3)P/BV (x) 1.59 1.45 1.30 1.18 1.08ROE (%) 16.4 14.1 15.3 14.8 14.4CIMB/consensus EPS (x) 0.95 0.96 1.00Sources: CIMB Research, company reports

on shareholder loans) from the RM3.8 billion disposal of a 50% equity stake in PRPC Polymers S/B to Saudi Aramco, PChem’s 1QFY18 core net profi t surged 21% quar-ter-on-quarter as the group’s av-erage plant utilisation climbed to full utilisation at 100% from 93%, together with a 4ppts decrease in

eff ective tax rate to 17%. Th e results were further improved by higher product prices although partly off -set by a stronger ringgit.

On a year-on-year (y-o-y) com-parison, 4QFY17 revenue rose 6% due to higher product prices and commencement of Petronas Chem-ical Fertiliser Sabah S/B (formerly

Sabah Ammonia Urea plant) in May 2017 amid a slight 1ppt improve-ment in plant utilisation. Howev-er, 1QFY18 core net profi t dipped 6% y-o-y due to RM120 million under-accrual of FY17 manpower expenses amid a stronger ringgit which off set the impact of higher US dollar revenues.

Th e group’s product prices have a strong correlation to Brent crude oil prices which have risen 14% since March 31, 2018 to US$79 (RM313.63) per barrel. Likewise, naphtha has strengthened by 13%, while urea 6% and polyethylene 5%. However, benzene and poly-propylene was fl at, while ethylene fell 10% and methanol 2% due to overcapacity.

PChem is currently trading at a fair one-year forward Ebitda of nine times, which translates into a 25% premium to Th ailand’s PTT Global Chemicals’ 7.2 times, which nears the three-year premium of 28%. — AmInvestment Bank, May 22

AWC Bhd(May 22, 78.5 sen)Maintain add with a lower target price (TP) of RM1: Nine-month fi -nancial year 2018 (9MFY18) revenue was fl at at RM209.8 million (-0.2% year-on-year [y-o-y]), as higher con-tribution from facilities division was off set by lower contribution from engineering and environment di-visions. As the facilities unit have weaker margins versus other units, 9MFY18 earnings before interest, taxes, depreciation and amortisation margin slipped 2.4% points y-o-y to 14.9%. However, 9MFY18 core net profi t rose to RM15.5 million (+14.2% y-o-y), thanks to lower depreciation charges and higher interest income. 9MFY18 net profi t was in line at 72.9% of our fi nancial year 2018 forecast (FY18F), but below consensus’ (68%).

On a quarter-on-quarter (q-o-q) basis, AWC reported a stronger 3QFY18 performance. While 3QFY18 revenue rose 10.1% q-o-q, 3QFY18 core net profi t surged 39.6% q-o-q to RM6.7 million, after adjusting for one-off gains of RM200,000. Th e stronger q-o-q performance was due to higher contribution from all three divisions, better cost control, and stronger economies of scale. Also, 3QFY18 Ebitda margin expanded 8.1% points q-o-q to 17.1%.

We expect AWC Bhd to begin con-solidating contribution from its 60% stake in Trackworks Sdn Bhd by June 2018. To recap, AWC paid RM43.5 million for its stake, valuing the com-pany at 8.1 times calendar year 2018 forecast (CY18F) price-earnings ra-tio (PER) (based on profi t guarantee

AWC order book not expected to be aff ected post-GE14

of RM8 million for FY18F and RM12 million for FY19F). Currently, Track-works has an outstanding order book of RM120 million for the next two years, which is mainly rail-related supply and installation works.

We estimate that as at end-March 2018, AWC’s total outstanding order book (ex Trackworks) was at RM358.1 million, suffi cient for the next two years, comprising RM184.2 million facilities works, RM94 million engi-neering works, and RM79.9 million for Stream, its proprietary waste col-lection system. Despite the change in government following Malaysia’s general elections (GE14), AWC re-mains confi dent its order book will not be aff ected as the bulk of its con-tracts were won through open ten-ders and not direct negotiations.

Given the in-line results, no changes to our earnings estimates and “add” call. However, our TP is lowered to RM1.00, now based on 11.2 times CY19F PER, 20% dis-count to the construction sector’s 14 times (versus sum-of-parts pre-viously) as we take a more conserv-ative stance by excluding its net cash of RM43.6 million.

Th is is due to risks from potential reviews of mega projects by gov-ernment leading to slower contract awards. We continue to like AWC for its defensive earnings and un-demanding valuations at 8.1 times CY19F PER. Downside risks com-prise cancellation of its facilities management contracts, and delays in progress billing. — CGSCIMB Research, May 21

There is rising optimism that the

new administration will intensify its

eff orts to curb illegal number forecasting operator activities.

H O M E 1 7WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY

‘To make M’sia a respected nation again’Wan Azizah is confi dent of the wisdom and experience of Dr Mahathir

PUTRAJAYA: Datuk Seri Dr Wan Azizah Wan Ismail, the country’s first female deputy prime minis-ter, said yesterday she is confident of the wisdom and experience of Prime Minister Tun Dr Mahathir Mohamad to make Malaysia a respected nation again.

She said that as someone new in the cabinet, she was excited about serving and building the new Malaysia with the other members of the cabinet.

“I am very excited to start my duty with my colleagues to form a strong team to develop our be-loved country.

“With the wisdom and expe-

rience of Tun [Dr Mahathir], we are confident of achieving many successes for the people and the nation,” she said.

Wan Azizah spoke to newsmen after reporting to the prime min-ister at the Perdana Leadership Foundation office before starting work officially on her first day as the deputy prime minister.

On the meeting with Dr Ma-hathir, Wan Azizah, who is also the new women and family devel-opment minister, said she had a very meaningful discussion dur-ing which they talked about the future direction of the country.

“I found the meeting very

meaningful ... and I also shared my views on the future direction of the country under the leader-ship of the new Malaysian gov-ernment,” she said.

Wan Azizah arrived at 9am and left the office about 45 minutes later yesterday. — Bernama

Wan Azizah receiving a souvenir from Chief Secretary to the Government Tan Sri Dr Ali Hamsa on her first working day as the deputy prime minister at the Perdana Putra Building in Putrajaya yesterday. Photo by Bernama

PUTRAJAYA: Th e communications and multimedia ministry will set up a legal team to consider whether to amend or repeal the Anti-Fake News Act 2018 that was passed in April this year, said its new minister Gobind Singh Deo.

Gobind, a lawyer himself, said he would sit together with the team to look into matters related to the act before submitting a proposal to Prime Minister Tun Dr Mahathir Mohamad.

“I think a lot of people want to know what fake news is and who de-cides that. I have always maintained that the Anti-Fake News Act was put through Parliament in a rush. It was not well thought over. At the end of the day, these laws are too broad and capable of being abused.

“Th is is the reason why I said we need to look into it,” said the Puchong member of parliament, who clocked in at 8.15am at the ministry yesterday.

Gobind, attired in a black suit with a red striped tie, was greeted by the ministry’s secretary-general Tan Sri Dr Sharifah Zarah Syed Ah-mad and other senior offi cers. Also present was Bernama chief executive offi cer Datuk Zulkefl i Salleh.

When pointed out that other countries are using the Anti-Fake News Act as a platform to prevent the spread of misinformation, Gobind said that even before the Anti-Fake News Act was passed, there were other laws in place in Malaysia which could deal with a fake news situa-tion if it arises.

“Th e question is whether we can tweak those laws. Th is is the problem that exists [with regard to] the need for media regulation today. Our con-cern is that the tabling of the bill by the previous gov-ernment was done in haste and was not well thought over. The law can be misinter-preted, and I don’t think

Legal team to review Anti-Fake News Act — Gobind Singh KUALA LUMPUR: Former prime

minister Datuk Seri Najib Razak yesterday withdrew his defa-mation suit fi led against former transport minister Tun Dr Ling Liong Sik over the publication of an article on a news portal which alleged that Najib abused funds belonging to 1Malaysia Devel-opment Bhd (1MDB).

Counsel Datuk Mohd Ha-farizam Harun, who is repre-senting Najib, told reporters this after a case management in the chambers of High Court judicial commissioner Darryl Goon Siew Chye who later recorded the joint agreement to drop the suit.

Also present at the proceed-ings was Ranjit Singh, who is representing Ling. Asked by re-porters on the reasons to with-draw the suit, Mohd Hafarizam said he had advised his client to drop the suit following a change in the political landscape of the country and there are oth-

KUALA LUMPUR: Internal inves-tigations will be held over any is-sue and scandal connected to the Malaysian Armed Forces (MAF) before action is taken against those involved, said new Defence Minister Mohamad Sabu.

Mohamad said he needs to get the complete information of all MAF services before looking in detail at issues and scandals within the MAF, including the purchase of Scorpene subma-rines as well as other issues which were raised by non-governmental organisations.

“We will investigate. If it is based on hearsay, it can have a negative eff ect on the image of individuals or departments. If there are [issues and scandals] with evidence obtained from de-tailed investigations and internal audits and, if necessary, we will

Najib drops 1MDB defamation suit against Ling Liong Sik

Mat Sabu: Issues, scandals within MAF will be investigated internally

that is how a law should be made.“Th e law must be specifi c, so that

judges and investigators, who need to apply the law later, must under-stand it. Th at is why we must move forward,” he said, adding that he would engage with non-govern-mental bodies and media agencies to hear their views as well.

Besides the Anti-Fake News Act, Gobind said there are also other laws that need to be looked into, such as the Sedition Act, the Printing Presses and Publications Act, the Malaysian Communications and Multimedia Commission Act, and areas in the Penal Code which restrict freedom of speech.

He said the Pakatan Harapan gov-ernment has a diff erent approach — one that is fully committed to building a system whereby media reporting is done without fear or favour.

“Th ese are the acts I am looking at and, hopefully, when we consider repealing or amending the laws, we want to get feedback from reporters. Many reporters have come up indi-vidually and told me about ways to improve some laws.

“Criticisms are welcome. We want to move forward and want to know honest opinions. Reporters can come and see me, to see how we can move forward,” Gobind said.

Asked if some laws are redun-dant, he said the ministry would streamline laws that are redundant and overlapping since the Federal Constitution also mentions freedom

of speech and expression.

“Of course, there is no absolute freedom since there is a boundary in the laws as stated in the Constitution itself. We need to look at how the laws need to be updated as technology and media reporting are moving fast compared to 20 years ago. Th ese ar-eas are important. Th ese laws need to be revised to be brought up to date, and there’s a greater need for freedom of the press,” he said.

Gobind said the establishment of a media council and enhancing media freedom are among his main agendas, as spelt out in the Pakatan election manifesto, which have to be delivered within the fi rst 100 days of the new administration.

“Media freedom is my priority. I have given my commitment again that there will be freedom on the part of reporters to report news as it is. I was informed that all this while, there have been certain constraints imposed on how news is reported. Th e content is always there, but what comes out has always been questionable,” he said.

On the setting up of a media council, Gobind said he will discuss the matter with Dr Mahathir before moving ahead as several issues need to be ironed out.

“Discussions are ongoing on the proposal and how it (media coun-cil) should be formed, who it should consist of and its terms of reference. Th e most important thing is to de-liver at the end of the day,” he said after he attended a briefi ng for al-most two hours.

On the Malaysian Communica-tions and Multimedia Commission (MCMC), Gobind said that although there could be some changes, he would review several laws and look into problems following several com-plaints against the MCMC recently.

Gobind said the ministry will also discuss ways to improve broadband services, on which it had received numerous complaints, to see if the ministry could double the speed with half the price to benefi t Malaysians in the long run. — Bernama

er more important matters to attend to.

Ranjit said the court had can-celled Najib’s suit without the liberty to refi le the suit, and the court had also ordered the former prime minister to pay RM25,000 as cost. Ranjit said his client also withdrew his counterclaim fi led against Najib on Dec 14, 2015, without the liberty of the former MCA president to refi le the suit.

On Oct 27, 2015, Najib in his personal capacity filed a suit against Ling after alleging the former transport minister of mak-ing slanderous statements against him in an article published on a news portal on Oct 3, 2015.

In his statement of claim, Na-jib said Ling had falsely and mali-ciously issued a defamatory state-ment at a Tunku Abdul Rahman University College function here by alleging that Najib had abused public funds for his personal in-terest. — Bernama

use external audits, and if serious, we will take it to the cabinet. We will not act wildly based on what we hear,” he said at his fi rst press conference at the defence min-istry here yesterday.

On the setting up of the King Salman Centre for International Peace, Mohamad, who is more popularly known as Mat Sabu, said he would discuss it with the prime minister before a decision is made.

He also said that every pol-icy which is good for the MAF staff will be retained, while those with some weaknesses will be improved or discussed with the top brass of the force.

Mohamad, who started work as the new minister yester-day, was welcomed with a sa-lute-of-honour at Dataran Wis-ma Pertahanan on Jalan Padang Tembak here. — Bernama

Gobind: The establishment of a media council and

enhancing media freedom are among his main

agendas. Photo by Bernama

1 8 C O M M E N T WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

How to defeat tuberculosisWorld leaders think they can end it by 2030 and here is how they could fi nally succeed

BY T H E E D I TO R I A L B O A R D

Tuberculosis (TB) has been around since before record-ed history, yet humanity is still struggling to get the up-per hand.

In recent decades, some strains have developed resistance to the strongest antibiotics known to medicine.

While the number of deaths worldwide has been falling somewhat, TB killed 33 million people from 2000 to 2015, and still infects almost one-quarter of the human population.

So, when world leaders say they want to end the epidemic by 2030, they are setting a tight deadline.

Meeting it will require a global eff ort to uproot the disease from its most fertile breeding grounds, and get eff ective treat-ments and diagnostic tools to medical workers who need them.

While TB leaves no country untouched, it is concentrated in just a handful of them.

India, China, Indonesia and the Philip-pines accounted for half of the global in-cidence in 2016, whereas Europe and the Americas combined made up less than 6%.

North Korea has the highest infection rate in the world for a country unaff ected by widespread HIV, probably because more than 40% of its people are undernourished.

As many as 8,000 multidrug-resistant TB infections may be occurring in that country each year.

Th e disease fl ourishes, in other words, where people are generally in poor health, for broad economic or social reasons. Th at is especially true for the drug-resistant strains.

Most of those who are infected with TB carry a dormant form of the bacteria, but

ONE of the most pervasive myths about the US is that the federal government has never defaulted on its debts.

Every time the debt ceiling is debated in Congress, politicians and journalists dust off a common trope: the US does not stiff its creditors.

Th ere is just one problem: it is not true. Th ere was a time, decades ago, when the

US behaved more like a “banana republic” than an advanced economy, restructuring debts unilaterally and retroactively.

And, while few people remember this critical period in economic history, it holds valuable lessons for leaders today.

In April 1933, in an eff ort to help the US escape the Great Depression, president Franklin Roosevelt (FDR) announced plans to take the US off the gold standard and de-value the dollar. But this would not be as easy as FDR calculated.

Most debt contracts at the time included a “gold clause”, which stated that the debtor must pay in “gold coin” or “gold equivalent”.

Th ese clauses were introduced during the Civil War as a way to protect investors against a possible infl ationary surge.

Learning from America’s forgotten defaultBY SEBASTIÁN EDWARDS For FDR, however, the gold clause was

an obstacle to devaluation. If the currency were devalued without

addressing the contractual issue, the dollar value of debts would automatically increase to off set the weaker exchange rate, resulting in massive bankruptcies and huge increases in public debt.

To solve this problem, Congress passed a joint resolution on June 5, 1933, annulling all gold clauses in past and future contracts. Th e door was opened for devaluation — and for a political fi ght.

Republicans were dismayed that the coun-try’s reputation was being put at risk, while the Roosevelt administration argued that the resolution did not amount to “a repu-diation of contracts”.

On Jan 30, 1934, the dollar was offi cial-ly devalued. Th e price of gold went from US$20.67 an ounce — a price in eff ect since 1834 — to US$35 an ounce.

Not surprisingly, those holding securities protected by the gold clause claimed that the abrogation was unconstitutional.

Lawsuits were filed, and four of them eventually reached the Supreme Court; in January 1935, justices heard two cases that referred to private debts, and two concern-ing government obligations.

Th e underlying question in each case was essentially the same: did Congress have the

when left untreated it can become active. It also easily spreads from anyone who

coughs, sneezes, yells or otherwise expels bacteria-containing droplets. International travel and migration thus put every coun-try at risk.

North Korea is a model of TB infection not only because its population is in poor health. The country also lacks modern diagnostic equipment, relying instead on 1930s-era X-ray machines that can detect disease only in the main organ affl icted — the lungs — and not in less common sites, such as the brain, kidneys or spine.

X-rays also fail to distinguish drug-resist-ant infections. Th e country had a handful

of modern GeneXpert machines, which do rapid molecular diagnosis, but lacked the required test cartridges and backup power systems.

As a result, only a fraction of patients with drug-resistant TB have been started on the proper treatment. Medicine short-ages, exacerbated by international eco-nomic sanctions, make it hard for doctors to do better.

In every country plagued by TB, invest-ments in control can be extraordinarily cost-eff ective, returning US$30 (RM119.10) to US$115 for every dollar spent. Not all eff orts against the disease have to be ex-pensive.

Needed are simple videophones for re-mote patient consultations and inexpen-sive drug-susceptibility tests.

Governments of TB-affl icted countries and the organisations that support them could also make better use of the tools they have.

Many countries in possession of the new molecular testing machines are still unprepared to conduct more than one test per day.

Th e fi ght against TB must also address the health problems that cause dormant TB to become active, including HIV infection, malnutrition, smoking, alcohol overuse, indoor air pollution and diabetes.

Meanwhile, medical science needs to come up with quicker, safer and cheap-er ways to diagnose TB, and a pipeline of new drugs to kill the bacteria and its re-sistant forms.

Economic incentives for drug makers are essential, including cash awards for creating new last-resort antibiotics that, by design, would be used only rarely.

A shortage of global funding for med-ical research — which has never exceed-ed a third of what is required — explains why decades have gone by with no new TB treatments or vaccines. Th e good news is that a dozen vaccine candidates are now in clinical trials.

Th e world’s complacency about TB may be explained, in part, by the success of earlier battles against the disease. Control programmes in the late 20th century led public health offi cials to stop seeing TB as a leading threat.

But history is clear about the consequenc-es of inaction: Infections will multiply, mil-lions more lives will be lost, and increasing antibiotic resistance will make it even costlier to stop this ancient foe. — Bloomberg

authority to alter contracts retroactively?On Feb 18, 1935, the Supreme Court an-

nounced its decisions. In each case, justices ruled 5-4 in favour

of the government — and against investors seeking compensation.

According to the majority opinion, the Roosevelt administration could invoke “ne-cessity” as a justifi cation for annulling con-tracts if it would help free the economy from the Great Depression.

Justice James Clark McReynolds, a southern lawyer who was US Attorney General during president Woodrow Wilson’s fi rst term, wrote the dissenting opinion — one for all four cases.

In a brief speech, he talked about the sanctity of contracts, government obliga-tions, and repudiation under the guise of law.

He ended his presentation with strong words: “Shame and humiliation are upon us now. Moral and fi nancial chaos may be confi dently expected.”

Most Americans have forgotten this ep-isode, as collective amnesia has papered over an event that contradicts the image of a country where the rule of law prevails and contracts are sacred.

But good lawyers still remember it; to-day, the 1935 ruling is invoked when at-torneys are defending countries in default (like Venezuela).

And, as more governments face down

new debt-related dangers — such as un-funded liabilities associated with pension and healthcare obligations — we may see the argument surface even more frequently.

According to recent estimates, the US gov-ernment’s unfunded liabilities are a stagger-ing 260% of gross domestic product — and that does not include conventional federal debt and unfunded state and local govern-ment liabilities.

Nor is this a problem only for America; in many countries, pension- and health-related liabilities are increasing, while the ability to cover them is diminishing.

A key question, then, is whether gov-ernments seeking to adjust contracts ret-roactively may once again invoke the legal argument of “necessity.”

Th e 1933 abrogation of the gold clause provides abundant legal and economic rea-sons to consider this possibility.

Th e US Supreme Court agreed with the “necessity” argument once before.

It is not far-fetched to think that it may happen again. — Project Syndicate

Sebastian Edwards is a professor of interna-tional economics at UCLA, and author, most recently, of American Default: Th e Untold Story of FDR, the Supreme Court, and the Battle over Gold.

W O R L D B U S I N E S S 1 9WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY

TOKYO: Bank of Japan (BoJ) gover-nor Haruhiko Kuroda said the cen-tral bank will telegraph to markets how it plans to exit from ultra-easy policy when conditions for hitting its price goal become robust.

However, he said it is prema-ture to debate when the BoJ could whittle down its massive stimulus programme, with infl ation distant from its 2% target.

“We will communicate specifi cs on how we plan to exit once infl ation accelerates towards 2% and con-ditions for hitting our target grad-ually fall into place,” Kuroda told the upper house of parliament in a semi-annual testimony yesterday.

“For now, we don’t think con-ditions are rife to consider specifi c timings for an exit,” he said. “Th e BoJ won’t end its ultra-easy policy before infl ation reaches 2%.”

Th e BoJ has various tools to mop up excess funds and can learn from other central banks in seeking to

smoothly dial back stimulus, Kuro-da said.

Japan’s core consumer price growth slowed in April for a sec-ond straight month, underscoring the view that weak infl ation will keep it from dialling back stimulus any time soon.

However, central bank policy-makers have begun brainstorming on ways to edge away from cri-sis-era policy given the rising cost of prolonged easing, such as the pain that ultra-low rates are infl icting on fi nancial institutions, sources say.

Kuroda said while the BoJ will “patiently maintain powerful” mon-etary easing, he is mindful of the need to take into account its mas-sive stimulus’ side eff ects.

“We will guide monetary pol-icy, taking into account its side

eff ects such as its impact on fi -nancial institutions, particularly regional banks.”

Dominating bond marketsAfter nearly three years of heavy money printing failed to acceler-ate infl ation to its 2% goal, the BoJ revamped its policy framework in

2016 to one better suited for a long-term battle to lift Japan sustainably out of defl ation.

While the BoJ has slowed its bond-buying to half the level it loosely commits to buy, some an-alysts say it could soon run out of bonds to buy as years of huge pur-chases dry up liquidity.

Th e central bank kept up its pace of bond-buying even as the govern-ment reduced monthly debt issu-ance from the start of the current fi scal year in April.

That has boosted the BoJ’s al-ready dominant presence in the market. Th e central bank gobbled up 79% of bonds sold to the mar-ket in April, up from 70% in March, according to Mizuho Securities. It bought nearly all fi ve-year and 10-year bonds issued during the month.

Despite subdued infl ation, many BoJ policymakers are wary of ramp-ing up stimulus due to the rising cost of prolonged easing and the bank’s dwindling policy ammu-nition. — Reuters

SGX said to launch Indian derivatives

BoJ will signal exit plan if prices pick upIt also has various tools to mop up excess funds, says Kuroda

BY S H E L LY B A N J O & G A O Y UA N

BY E L I A N A R A S Z E W S K I

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

SINGAPORE: Singapore Exchange Ltd (SGX) said it plans to list new India-related equity derivative prod-ucts in June despite the National Stock Exchange of India (NSE) ap-plying for an interim injunction in a Mumbai court against their launch.

NSE’s legal move and SGX’s re-sponse intensify the spat between the two exchanges after India’s three main bourses unexpectedly announced in February they would stop licensing their indexes to for-eign bourses from August.

SGX had responded by saying it would launch successor products to its fl agship Indian equity derivative products in June.

SGX shares fell 1.8% in late morn-ing trade yesterday. “Our new India equity derivative products are essen-

tial to enable institutional investors to maintain their current portfolio risk exposure to the Indian capital markets,” SGX head of derivatives Michael Syn said in a statement. SGX said it has full confi dence in its legal position. — Reuters

BUENOS AIRES: Amazon.com Inc aims to expand cloud com-puting operations in Latin Amer-ica, a company executive said on Monday, after its Amazon Web Services unit opened an office here last month. Th at added to Amazon offi ces in Brazil, Chile and Colombia, and Mexico, Tere-sa Carlson, Amazon Web Services (AWS) vice-president, worldwide public sector, said at a conference.

“We have to be partners of Lat-in America. Th ere are lots of op-portunities [and] amazing talents,” Carlson said. “We also have a cloud region in Brazil and will be expand-ing into more countries for sure in Latin America.” AWS handles data and computing for large enterprises in the cloud. Th e team in Argentina works to promote the use and inno-vation of cloud-based technologies, its website says. — Reuters

TOKYO: Uber announced yester-day it would start its fi rst taxi-hailing pilot programme in Japan this sum-mer, as it bids to break into a tough market in the world’s third-largest economy. Th e US fi rm has found it diffi cult to penetrate the Japanese market, where risk averse passen-gers prefer to stick to their high quality traditional taxi service.

Hailing a taxi rarely takes more than a few seconds in major Jap-anese cities and there has been a relatively sluggish uptake of ser-vices such as Uber, where con-sumers order an unlicensed car via a smartphone app.

However, Uber said in a state-ment yesterday it would launch a pilot programme this summer to hook up tourists and residents on the western Awaji island with available taxi drivers. Uber said it aims to provide local residents and tourists with “reliable and safe transportation” on the small island, home to just over 150,000 people.

“I’m very excited that Uber’s technology will contribute to fur-ther enhancing the transit envi-ronment of Awaji Island,” Uber chief business offi cer Brooks En-twistle said in the statement, add-ing it will be “the fi rst initiative of its kind in Japan”.

Uber is far from alone in tar-geting the Japanese taxi market, with Chinese ride-hailing giant Didi Chuxing and Japanese tele-communications fi rm SoftBank announcing a deal in early Febru-ary to develop a taxi app in Japan. SoftBank has heavily invested in the taxi market and recently took a 15% stake in Uber. Also, Sony has said it is planning a joint ven-ture to off er artifi cial intelligence technology to six taxi operators, currently owning a total of 10,000 vehicles in Tokyo. — AFP

Amazon eyes expansion, opens Argentina offi ce

Uber taps into Japan with fi rst taxi-hailing pilot on Awaji island

Xiaomi’s IPO will make dozens of lucky workers millionaires

HONG KONG/BEIJING: Eight years ago, before China’s Xiaomi Corp had sold a single smartphone, 56 of the earliest employees pulled together US$11 million to invest in the start-up. Rank-and-fi le work-ers dipped into savings and bor-rowed from parents. A receptionist tapped her dowry.

Today, they are the Lucky 56. Xiaomi is one of the most suc-cessful smartphone makers in the world and it is prepping a blockbuster initial public off ering (IPO). Th eir stake in the company may soon be worth US$1 billion (RM3.97 billion) to US$3 billion, depending on the stock sale. Th at works out to US$36 million each at the midpoint.

Th e group collectively stands to gain as much as US$3 billion if Xiaomi fl oats 15% of the com-pany at a US$100 billion valua-tion when it goes public in Hong Kong later this year, according to

A fi lepic of customers browsing at a Xiaomi Corp store in Beijing, China. The Chinese smartphone maker fi led for an IPO in Hong Kong on May 3, kicking off a process expected to raise at least US$10 billion and confer a value of US$100 billion on the eight-year-old company. Photo by Bloomberg

calculations based on Xiaomi’s prospectus. A more conservative estimate would yield a US$1.4 bil-lion payout for the 56 employees if Xiaomi fl oats 25% of the company at a US$50 billion valuation. (Cal-

culations assume existing share-holders have not sold their stakes and the US$11 million from em-ployees was invested during what Xiaomi’s prospectus refers to as Series B-2.) Employees stand to

make roughly 200 times their orig-inal investment. A greater num-ber of Xiaomi’s workers should be enriched through stock options, which don’t require capital up-front. — Bloomberg

Kuroda: We will guide monetary policy, taking into account its side eff ects such as its impact on fi nancial institutions, particularly regional banks. Photo by Reuters

2 0 W O R L D B U S I N E S S WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

Sony loudly demonstrates love of content with EMI

China said to cut car import dutyTh is is as trade war fears ease

BY K E N W I L L S

BEIJING: China will cut the import duty on passenger cars to 15%, boost-ing automakers such as Bayerische Motoren Werke (BMW) AG and Ford Motor Co just as the immediate threat of a trade war with the US recedes.

Th e State Council, China’s cabinet, has decided to reduce the levy from the current 25% that has been in place for more than a decade, according to people familiar with the plan, who asked not to be identifi ed as the in-formation is not public. Bloomberg reported last month that China was weighing proposals to reduce the car import levy to 10% or 15%.

A reduction in import duty fol-lows a truce between US President Donald Trump’s administration and Chinese offi cials as they seek to defuse tensions and avert an all-out trade war. While the levy reduction could be claimed in some quarters as a concession to Trump and will be a boon to US carmakers such as Tesla Inc and Ford, the move will also end up benefiting Europe-an and Asian manufacturers from Daimler AG to Toyota Motor Corp.

Shares in Jaguar Land Rover owner Tata Motors Ltd and BMW AG jumped on the news. Tata Mo-tors jumped as much as 4.7% in Mumbai, India, while BMW rose as

much as 1.5% in Frankfurt, Germa-ny. Daimler added as much as 1.3%.

Chinese carmakers BAIC Motor Corp, BYD Co and Guangzhou Au-tomobile Group Co Ltd also held to gains as the reduction in the tariff was not as large as it could have been. — Bloomberg

ROSATOM-BGM IRRADIATION CENTRE ... Rusatom Healthcare, a division of Rosatom (Russia) and Beta Gamma Malaysia (BGM) signed a project development agreement for the construction of a network of irradiation centres in Malaysia. BGM chairman Dr Zulkafl i Ghazali (seated, right) and Rusatom chief executive offi cer Denis Cherednichenko (seated, left) are seen here signing the document at the 10th International Atomexpo Forum, which started on May 14, in Sochi, Russia. The aim of the agreement is to commence a joint action plan for the development of an integrated irradiation centre in Malaysia. The fi rst phase of this facility envisages the construction of the electron beam radiation processing centre with a main focus on contract sterilisation for high-value medical devices and fruits for export.

HONG KONG: Sony is loudly demon-strating its love of content. Yesterday, the Japanese electronics and enter-tainment group said it would buy majority control of EMI Music Pub-lishing. Sony is tightening its grip on a two-million-song catalogue span-ning Queen to Kanye West — and the US$4.8 billion (RM19.06 billion) deal leaves no room to doubt new boss Kenichiro Yoshida’s belief in the industry’s recovery.

Th is is an uplifting coda to the sorrowful ballad of EMI, the venera-ble British record label. A 2007 take-over by buyout baron Guy Hands foundered during the fi nancial cri-sis and as digital piracy ran ram-pant. Lender Citigroup seized the asset. It sold EMI between 2011 and 2012 in two parts, separating

the recorded music business from the unit holding rights to compo-sitions and lyrics.

Th e latter was traded to a colourful consortium. Th is united Sony, then fi nancially much weaker than it is now, with a motley group of investors including Michael Jackson’s estate; Abu Dhabi’s Mubadala; fi lm mogul David Geffen; private equity titan Blackstone; and Jho Low, the fi nan-cier made notorious for his alleged role in the 1Malaysia Development Bhd fund scandal.

Now Sony is paying US$1.9 billion to buy out Mubadala and various others, lifting its stake from roughly 30% to 90%. Other payouts lift the total cash outlay by a further US$400 million. Including debt, Sony says this gives the target an enterprise value of US$4.75 billion.

Th at equates to more than 19 times

trailing earnings before interest, taxes, depreciation and amortisation (Ebit-da) of US$249 million, adjusted for one-off s. Th e multiple looks punchy, when last year media and entertain-ment deals averaged 14 times Ebitda, Th omson Reuters data show.

However, the music industry is re-viving nicely, thanks to Spotify, Apple Music and others. UBS forecasts sales for publishers from paid-for streaming services could go from US$700 mil-lion in 2017 to US$3.6 billion in 2026. Th at is quite a turnaround in fortunes.

Th is also chimes neatly with Yoshi-da’s interest in intellectual property, and in stable, recurring revenue. It is a business Sony already knows intimately. And the purchase stops rivals like Warner Music from ex-panding their own catalogues. So it is a noisy, but not wholly off -key, move. — Reuters

BY Q U E N T I N W E B B

BY A M A N D A WA N G

SHANGHAI: Chinese formu-la and maternity care stocks jumped after the country was said to be close to ending lim-its on the number of children a family can have, though the gains could be short-lived as a baby boom seems unlikely.

Maternity goods fi rm Shang-hai Aiyingshi Co Ltd and in-cubator firm Ningbo David Medical Device Co Ltd both surged by as much as the 10% daily limit. Beingmate Baby & Child Food Co Ltd climbed as much as 5% in Shenzhen on a day of muted moves in China’s stock markets, while Guangdong Qunxing Toys Joint-Stock Co Ltd advanced. Even piano makers enjoyed a boost, with Hailun Piano Co Ltd and Guangzhou Pearl River Piano Group Co Ltd advancing.

“Th e removal of birth limits won’t necessarily bring about a baby boom, so it’s likely a speculative trade that won’t last long,” said Zhang Gang, a Shanghai-based strategist with Central China Securities Co Ltd. “Big funds wouldn’t want to engage in such short-term trades, and the sector is just not big enough to handle the infl ows.”

China’s cabinet is looking at what might happen if the country ended its roughly four-decade-old policy, said people who asked not to be named while discussing government deliberations. Th e country is facing the prospects of a rap-idly ageing population and has had to deal with criticism from foreign governments over its family-planning policies. — Bloomberg

Jury still out in Apple-Samsung iPhone patent trial SAN JOSE (United States): Ju-rors returned to a Silicon Valley courtroom yesterday to delib-erate for a second day about whether Samsung should pay Apple US$1 billion (RM3.97 billion) for copying iPhone de-sign features. Apple is seeking slightly more than US$1 billion in damages in the seven-year-old legal battle, while Samsung wants a fi gure closer to US$28 million. The jury has been asked to determine whether design features at issue in the case are worth all profi t made from Samsung smartphones that copied them or whether those features are worth just a fraction because they are com-ponents. — AFP

EU agrees to start trade talks with Australia, New Zealand BRUSSELS: European Union (EU) countries cleared the way yesterday for the bloc to be-gin free trade talks with Aus-tralia and New Zealand in a drive to forge new alliances as trade tensions with the US increase. Th e European Com-mission, which negotiates on behalf of the 28 EU members, will seek ambitious and com-prehensive agreements with both countries, although with caveats about opening up EU markets to farm produce such as butter and beef. — Reuters

Obama and wife’s next act: TV deal with Netfl ix LOS ANGELES: Former US president Barack Obama and his wife Michelle Obama have struck a deal to produce fi lms and series for Netfl ix Inc, the streaming service said on Mon-day, giving the former fi rst cou-ple a powerful and unprece-dented platform to shape their post-White House legacy. — Reuters

I N BR I E FChina baby stocks surge as government mulls lifting birth limit

A steering wheel being displayed inside a BMW 125i sedan, produced by BMW, on display at the China International Automobile Exhibition in Guangzhou, China on Nov 19, 2016. A reduction in import duty on cars follows a truce between Trump’s administration and Chinese offi cials. Photo by Bloomberg

W O R L D 2 1WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY

Trump attacks ex-CIA chief over ‘hit job’ Russia probe

Foreign media head to North Korea Th is is to watch Pyongyang’s destruction of its nuclear test site

BY P O O R N I M A W E E R A S E K A R A &

S U N G H E E H WA N G

BY PAU L H A N D L E Y

BY T I M K E L LY

BEIJING/SEOUL: Foreign journalists headed to North Korea yesterday to watch the promised destruction of its nuclear test site, a move seen as a goodwill gesture before a planned summit with the US.

Reporters from China, the US and Russia departed on a charter fl ight from Beijing, according to Chinese state broadcaster CGTN which is part of the contingent.

Th e group will cover the dem-olition of the Punggye-ri nuclear testing site inside a mountain in the

north-east of the country, which is scheduled to take place between today and Friday, depending on the weather.

AFP is one of a number of major media organisations not invited to cover the event.

Pyongyang announced earli-er this month that it planned to “completely” destroy the facility by blowing up the test site’s access tunnels.

Th e decision came after North Korean leader Kim Jong-un de-clared the country’s nuclear force complete and said it had no further need for the complex.

Experts are divided over whether the move will render the site use-less — previous similar gestures have been rapidly reversed when the international mood soured.

Yang Moo-jin, from the Uni-versity of North Korean Studies, said it was signifi cant Pyongyang wasn’t using the site’s destruction as a “bargaining chip” with the US ahead of the planned June 12 sum-mit in Singapore between Kim and US President Donald Trump.

“Th is move testifi es sincerity in the North’s commitment to defus-ing tension through negotiations,” he said. — AFP

TAMPA (United States): A pair of identical, sports car-sized satel-lites are poised to zoom around Earth and track changes in water and ice, off ering new insights into global warming and sea level rise, Nasa said on Monday.

Groundwater, oceans, lakes, rivers and ice sheets will be moni-tored by the Gravity Recovery and Climate Experiment Follow-On (GRACE-FO), a joint mission be-tween the US space agency and German Research Centre for Ge-osciences.

Th e satellites were scheduled to blast off from Vandenberg Air Force Base in California yesterday at 12.47pm Pacifi c time (1947 GMT).

A SpaceX Falcon 9 rocket will propel the satellites to an orbit about 500km above Earth.

Th e pair will fl y 220km apart, or about the distance from Los Angeles to San Diego.

Nasa has spent US$430 million (RM1.71 billion) on the mission, and Germany has spent about US$91 million.

Th e new pair of satellites will pick up where the first GRACE mission left off , having completed its 15-year mission in 2017.

Th e fi rst GRACE mission gave scientists a trove of data about the ever-dwindling ice mass in Antarc-tica and Greenland, and contribut-ed data for thousands of scientifi c papers, Nasa said. — AFP

TAMPA (United States): An injectable drug for the skin disorder eczema is also ef-fective against severe asthma, a study released on Monday said, pointing to broader uses of a costly class of drugs known as biologics.

Dupilumab (Dupixent) was approved by the US Food and Drug Administration in 2017. Th e drug’s maker, Re-generon Pharmaceuticals, set the price at US$37,000 per year (RM146,890).

Now, the anti-infl amma-tory has been tested in a ran-domised, controlled trial of more than 2,000 patients with moderate to severe asthma.

When 200 to 300 milligrams were given by injection every two weeks for a year, it cut po-tentially life-threatening asth-ma attacks almost in half when compared to a placebo.

It also improved patients’ lung function, said the fi ndings released at the 2018 American Th oracic Society Conference in San Diego, and published online in The New England Journal of Medicine.

For patients with high num-bers of a specifi c type of white blood cell, called eosinophils, asthma attacks were cut by two-thirds.

“Th is drug not only reduced severe symptoms of asthma, it improved the ability to breathe,” said co-author Mario Castro, a doctor and professor at the Washington University School of Medicine in Saint Louis.

“Th at’s important because these patients have a chronic disabling disease that wors-ens over time with loss of lung function. So far, we do not have a drug for asthma that chang-es the course of the disease,” he added.

Side eff ects included pain and swelling at the injection site.

Five patients who received dupilumab and three patients who were given a placebo died during the study, but research-ers said those patients all had multiple severe medical con-ditions and the drug was not deemed to have caused their deaths. — AFP

WASHINGTON: US President Donald Trump attacked the probe into possi-ble collusion between his campaign and Russia as a “political hit job” on Monday, as a part of a mounting White House eff ort to paint the probe as politically motivated.

In the latest salvo from Trump’s administration and his Republican Party, the president assailed former CIA chief John Brennan, a strident critic, as having initiated the inves-tigation.

A day earlier, Trump demanded the Department of Justice investi-gate the FBI for allegedly planting an informant in his campaign, and his lawyer pressed Special Counsel Robert Mueller to speed up the probe to avoid it aff ecting November’s mid-term elections.

Both moves highlighted the heightened political stakes sur-

Costly eczema injection also helps relieve severe asthma — study

It also improved patients’ lung

function, said the fi ndings released at the 2018 American

Thoracic Society Conference in

San Diego, and published online in The New England

Journal of Medicine.

Twin satellites to chase water changes on Earth

rounding the year-old probe, as Mueller seeks to interview Trump himself amid growing chances of an impeachment eff ort against the president if evidence of collusion and obstruction of justice is found.

“Th is was a political hit job; this was not an intelligence investiga-tion,” Trump said in a series of tweets,

YOKOSUKA (Japan): The USS Milius, one of the US Navy’s most advanced guided missile destroy-ers, arrived in Japan yesterday to reinforce defences against any ballistic missile attacks by North Korea, or anyone else in East Asia.

Th e warship’s arrival at Yoko-suka Naval Base comes three weeks before an unprecedented meeting is supposed to take place in Singapore between US Presi-dent Donald Trump and North Korean leader Kim Jong-un.

Th e show of force is a reminder of the military pressure that can be brought to bear on North Ko-rea as the US seeks to press it to abandon its nuclear weapons and its ballistic missile programme.

Th e deployment of the Milius to Japan was delayed by almost a year so it could undergo upgrades to its Aegis air defence system to enhance its ability to detect and target missiles.

Armed with missiles designed to shoot down warheads in space, the Milius will be part of a naval destroyer force that would be the fi rst US line of defence against any long-range ballistic missiles fi red at it by North Korea.

The force, under a security treaty between Japan and the US, would also defend Japan from attacks. — Reuters

US bolsters Asia ballistic missile defence

quoting Fox News commentator Dan Bongino.

Brennan, the CIA’s head from 2013 to 2017, “started this entire debacle about President Trump”, the presi-dent said. “He has disgraced him-self; he has disgraced the country; he has disgraced the entire intelligence community.”

In recent weeks, Trump has stepped up his attacks on the Russia investigation, aiming to erode trust in Mueller’s integrity in the event the probe takes aim at the president himself.

After hitting the one-year mark last week, Mueller’s probe has tak-en on increasing political weight as the country heads towards midterm elections.

Investigators have already is-sued 22 indictments, including of top Trump aides like chairman Paul Manafort and former national secu-rity advisor Michael Flynn. — AFP

Brennan was assailed by the US president as having intiated the investigation. Photo by Reuters

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

WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY C H A N G Y E E Z H W E N

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

FORMED as an organ trio sometime in 2017, Delta Jazz Autonomy is a relatively new to the music scene in Kuala Lumpur. In tonight’s performance at No Black Tie, they will feature Eddy Lim on saxophone, Chee Seng on guitar and JD Woods on double bass. They will be performing some of the greatest American hits from the 1920s to 1950s, such as songs from Edward Redding, Billy Reid, Duke Ellington and Harry Warren. The performance will take place today from 9pm at No Black Tie, Jalan Bukit Bintang, in Kuala Lumpur. Purchase your tickets online at www.noblacktie.com.my.

SINGER-song-w r i t e r Re z a Salleh will be p e r f o r m i n g again at Bobo KL tonight, this time as artist-in-res-idence at Bobo KL for the entire month of May. Known for his smooth soothing voice, make-up-melting lyrics and electri-fying “manja” eyes, Reza is not new to the Malaysian music scene. His range of music is diverse — folk, pop rock, blues, grunge, jazz, soul and more. Catch his performance at Bobo KL every Wednesday, from 9pm. Mu-sical charge is free for Bobo KL diners and RM25 for non-diners. Call (03) 2092 5002 for reservations.

CELEBRATE the holy month of Ramadan with the Ramadan Buff et at Rajawali Coff ee House at Awana Hotel in Genting Highlands. Come with friends and family to break fast to a magnifi cent array of traditional Malay dishes, such as satay, otak-otak, sup perut, sambal celup, ayam percik, ikan bakar and many many more. Pair those dishes with rice, which appears in this Ramadan buff et in diff erent forms, such as nasi dagang, nasi kerabu, nasi briyani and nasi putih. Bring your dining experience to a sweet fi nish with desert, where you can choose from 50 diff er-ent homemade Malay kueh, each varying in colour, texture and ingredients. The buff et runs till June 13, and is priced at RM110 per adult and RM55 per child. For advance book-ings, email [email protected].

Chinese actress and pop star Li Yuchun glides down the hall-way of Cannes’ Hotel Martin-ez in a tuxedo-inspired Jean Paul Gaultier gown and blue-grey pixie haircut, with a pack

of L’Oreal videographers trotting backward to stay out of the frame.

After striking a few poses on the marble staircase, she heads for the red carpet. Th e footage is rushed to L’Oreal’s editing suite, where dozens of editors and producers stitch together clips to post everywhere from Instagram to China’s Weibo within hours of the shoot.

Th is is how the world’s biggest beauty brand promotes itself in the smartphone age. With foot traffi c sliding in drugstores, eyeballs shifting from televisions to mobile screens and China’s digitally savvy consum-ers driving growth, L’Oreal SA pulled out all the stops at the world’s most watched fi lm festival.

L’Oreal Paris, the company’s fl agship consumer brand, is using its unrivalled scale to fund ever-bigger events, including a live talk show on the Cannes beach with fi lm stars such as Jane Fonda and Isabelle Adjani. Some segments were produced in Mandarin, hosted by American-Chinese TV star Hung Huang and published on Alibaba Group Holding Ltd’s TMall.

“Cannes is a spectacular opportunity for us to produce a lot of content, and this year we wanted to take it even further,” said L’Oreal Paris’s global brand president Pierre-Emmanuel Angeloglou speaking from a two-story video studio built for the occasion on the Cannes beach. “Th e more we can combine accessibility and direct

Th e Cannes Festival was

all about China for world’s

biggest beauty brand

BY R O B E R T W I L L I A M S

contact with consumers with the aspiration-al nature and beauty of cinema, the better.”

Th e studio, backed by yachts crossing the Mediterranean harbour and equipped with a vintage convertible for capturing models tossing their hair in the breeze, marked a change of scenery from the ce-lebrity magazines and nightly news shows that L’Oreal used to rely on to get out its marketing message.

Staying in the spotlight with a constant fl ow of content over Facebook, Instagram and Chinese networks like Weibo and We-Chat has become a business imperative for L’Oreal as it navigates the decline of traditional media and a wave of retail clo-sures. Th e Chinese market, already L’Oreal’s second biggest after the US, with roughly US$2.6 billion in sales last year, is under-going whatchief executive offi cer Jean-Paul Agon calls a “particularly violent” shift to e-commerce, and online sales made up more than a third of sales last year.

“L’Oreal can’t just depend on their rep-utation,” said Delphine Dion, marketing professor at Essec Business School near Paris, citing mounting competition from home-grown competitors in China, so-cial-media-driven upstarts like LVMH’s Fenty Beauty by Rihanna and South Kore-an beauty brands like Mizon. “Th ey have to keep making buzz online or else they’ll lose out.”

L’Oreal’s partnerships with Instagram infl uencers and beauty-blogging YouTube stars have helped drive booming make-up sales, Dion said, so it makes sense for the company to step up its digital eff orts with more established representatives such as Julianne Moore and China’s Li.

In the fl urry of videos L’Oreal produced

during the festival, red-carpet struts were interspersed with product demos and in-terviews with the brand’s ambassadors. And L’Oreal promises viewers an instant reward: In one Instagram story, red-car-pet snapshots of Moore were followed by a suggestion to swipe up for a 20% discount on glitter cream.

Th e combination of staging elaborate events, publicising them via social me-dia and easing the path to points of sale is showing signs of success. When L’Oreal launched a collaboration with designer Olivier Rousteing and fashion brand Bal-main last year, video ads linked to Alibaba’s TMall, driving sales of 40,000 lipsticks in the fi rst month.

“L’Oreal is very clever about doing what we call all-media distribution,” said TV host and magazine editor Hung, referring to the company’s strategy of producing its own content and handing it over to a range of outlets. Th at helps the brand get around a common problem for marketers in China — that media owners block links to content from rival platforms when users share it, making exclusive deals less eff ective. “You get a lot more exposure this way.”

Other brands are taking note, stepping up their Cannes marketing eff orts. “Th e dif-fi cult part isn’t fi nding brands to work with, it’s knowing which ones to refuse,” Li said.

If China gets special treatment in L’Ore-al’s online eff orts — as with the Mandarin edition of the Cannes talk show — it is not only because of the scale of the opportuni-ty, but because lessons learned in the most advanced market for e-commerce can be exported around the world. One takeaway: Mixing entertainment and retailing works.

“It’s about producing content that brings excitement to consumers,” Angeloglou said, lowering his voice as cameras rolled for an interview between Hung and the French actress Louise Bourgoin. “It’s really on a huge scale,” Angeloglou said. “But when you are able to do something unexpected, the amount of engagement you can create is really worth it.” — Bloomberg

L’OREAL’S LOOK EAST POLICY

Li at the Cannes Film Festival on May 9. Photo by AFP

L’Oreal is very clever about doing what we call all-

media distribution.

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

WEDNESDAY MAY 23, 2018 • THEED G E FINANCIAL DAILY

TRAVEL BY L A N E N I E S E T

Monaco’s US$2.4b plan to stay relevant? Expand the coastlineFIRST-time visitors to the Monte Carlo Casino for this weekend’s Grand Prix may not fi nd the view they are expecting. In the place of sea vistas are screens shielding the coast; in the waters, dredgers are stra-tegically placed, like warships. “Monaco’s yachts don’t look as glamorous these days,” a visitor jokes.

Th e construction is the fi rst step towards creating new, ritzy Riviera housing on land that is currently underwater. Since 2016, the principality’s government has been pouring thousands of tonnes of Sicilian sand into the shallow harbour at a cost of US$2.4 billion (RM9.53 billion).

By 2025, the 15-acre (6.07ha) Anse du Portier (or Portier Cove) neighbourhood will increase the principality’s size by 3% and feature 120 luxury apartments, 10 over-the-top villas, a seaside promenade extending to Monte-Carlo Beach, and a Portofi no-inspired port dreamt up by Pritz-ker Prize-winning architect Renzo Piano — all on Monaco’s last remaining sliver of untouched shore. It is part of a plan to rescue the tax haven from its housing shortage, which has helped the city state claim the world’s most expensive residen-tial real estate.

Th e development follows a similar land reclamation eff ort in the 1970s, when Prince Rainier III built the industrial Fontvieille neighbourhood on nearly 10 acres that con-tained only Mediterranean water. Unlike such capitals as Paris or New York — which continue expanding, up or out — Monaco refuses to tear down old buildings to make space for a slew of taller, newer ones. It can expand in only one way: over the waters.

A smart seaside neighbourhoodAccording to Jean-Luc Nguyen, director of the government’s off shore expansion project, the Portier Cove’s goal is to “pro-vide top luxury residences for people who want to settle in Monaco”, since most of the principality’s housing stock is aesthetical-ly stuck in the 1970s. Th e deep-pocketed companies and residents reaping the tax haven’s rewards are also the primary ben-efactors for the local economy, and they are critical to Monaco’s continued growth.

Th e new neighbourhood will help lure billionaires with a handful of state-of-the-art amenities (sea-powered heating, solar-powered electric) plus expansive seaside views. Th e villas — stretching up to 16,000 sq ft — are priced 30% higher than Monaco’s average homes, estimat-

ed at around US$5,600 per sq ft. However, Nguyen cautions that bidding wars are like-ly to drive the fi nal price tags to “whatever the customer is ready to pay for”.

For some, the project has a reverse Robin Hood eff ect, stealing land from the sea in a style similar to Dubai’s “Th e World”. Th e 300-island archipelago targeted an elite group of rich and famous, such as Brad Pitt and Richard Branson, but ultimately fl opped—digging up debts of US$60 bil-lion. Monaco’s government argues that this project is less about becoming a superlative city like Dubai, with the “tallest” and “most expensive” architecture, and more about the prince’s plan of transitioning Monaco into a carbon-neutral country by 2050.

Th e district will follow a pedestrian-on-ly design, with such sustainable features as e-bike stations and rainwater recovery systems. Forty per cent of the energy con-sumption will derive from photovoltaic solar energy panels and thermal pumps, which will use the temperature of the sea to control heating and cooling systems, as well as power 80% of the street lighting.

Do not disturbTh e past two years of work took place un-derwater as engineers laid the foundation

for Portier Cove. However, according to Philippe Jan, director of Bouygues Travaux Publics, the construction company man-aging the project, onlookers will soon start seeing the “emerged part of the iceberg” as 10,000-tonne concrete slabs get towed in from Marseille and set into place. Th e construction echoes around the tiny town, though, so Jan and his team will put the project on pause during the bustling sum-mer season.

It is not just that the construction-cov-ered sea view is an issue for visitors. Volume is of greater concern. Th e Fairmont Monte Carlo, overlooking the Grand Prix’s famous hairpins, has even added noise-monitoring sensors to its rooms in response to guests’ complaints. “Th ere are a lot of tourists and a lot of people living here who do not wish to be disturbed,” Jan said. “But they have to understand that this neighbourhood may bring new life into the area, and in the end, it may not be a drawback.

Th e new area will off er a more intimate alternative to Port Hercule’s fl ashier restau-rants and bars, where DJs spin until dawn during the busy summer months. Current plans have Portier Cove’s smaller harbour looking more like French coastal resort town Cassis than party-heavy Cannes,

with an amphitheatre looking out to the sea, a new public park and paths winding through Mediterranean-inspired greenery.

Looking aheadFor now, it is orange-barrel season in Mo-naco, and not just on the Portier Cove coastline. Construction has also overtaken Casino Square, where a new crop of luxury shops and even more luxurious apartment buildings are underway. Th e 150-year-old Hôtel de Paris is in the middle of an exten-sive four-year renovation. It will wrap in September with a new façade and a new plaza modelled after Paris’ Place Vendôme, complete with expensive jewellery shops. Nearby, the Sporting d’Hiver mixed-use de-velopment is adding a pedestrian walkway, public art gallery, shops and residences.

“Monaco is always booming; you can see by the number of cranes in the city,” Jan said jokingly. However, eyes are trained on Portier Cove. If all goes according to plan, the district will generate housing revenue of about US$4.1 billion. “Right now, we are reaching a sensitive point as to how much construction people can stand in the prin-cipality,” Nguyen explained, “but the new Portier Cove district will benefi t everyone in Monaco.” — Bloomberg

A look at Monaco’s present coastline. Photos by Bloomberg

A rendering of one of the villas to be built in Anse du Portier (Portier Cove). This residential complex will essentially be built atop the Mediterranean Sea.

2 4 S P O RT S WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY

Kane named England captain for World CupTh is ends speculation about who would lead Southgate’s squad in Russia

BY M A R T Y N H E R M A N

Williams head to Monaco with more pain in prospect LONDON: It has been 15 years since Williams last won in Mo-naco, with Juan Pablo Mon-toya in 2003 after teammate Ralf Schumacher started from pole position, but scoring even a point would be something this weekend. Once a domi-nant team of champions, with nine constructors’ crowns and 114 grand prix wins, Williams return to the principality as tail-enders — last overall and with just four points from fi ve races. While that is better than 2013, when Williams failed to score in the opening nine rac-es and ended the campaign with a mere fi ve points, the slump has still been a shock to the system and there seems to be no quick fi x. — Reuters

Lee ruled out of Korean World Cup squad HONG KONG: Former Asian Player of the Year Lee Keun-ho will miss out on representing South Korea at the World Cup fi nals in Russia after tearing ligaments in his right knee playing for Gangwon FC in the Korean league at the weekend. Lee, who won the continental award in 2012 after helping Ulsan Hyundai to the Asian Champions League title, suf-fered the injury playing for his club against Gyeongnam FC on Saturday and his with-drawal adds to a growing in-jury list for head coach Shin Tae-yong. — Reuters

Olympian Kukors sues USA SwimmingLOS ANGELES: Former Olym-pian Ariana Kukors Smith fi led a lawsuit on Monday against USA Swimming, accusing the governing body of knowing she was being sexually abused by her coach and covering it up. Kukors Smith alleged in the lawsuit, filed in Orange County Superior Court near Los Angeles, that Sean Hutch-ison, her coach at a swim club near Seattle, began grooming her for a sexual relationship at age 13, touching and kiss-ing her when she was 16 and having sex with her when she was 17. — AFP

Lucien Favre returns toBundesliga BERLIN: Swiss coach Lucien Favre took charge of Borus-sia Dortmund yesterday, signing a two-year deal that club bosses hope will mark a change in fortunes for the former Bundesliga champi-ons. Dortmund parted ways with coach Peter Stoeger at the end of the season after the club fi nished fourth in the Bundesliga and only narrowly made the Champions League spot on the last match day. Stoeger’s departure capped an inconsistent campaign that began with Dutchman Peter Bosz at the helm before he was sacked midway through the season. — Reuters

I N BR I E F

LONDON: Striker Harry Kane will wear the captain’s armband for England at next month’s World Cup, ending speculation about who would lead Gareth Southgate’s squad in Russia.

Th e announcement was made in a video published on Twitter in which Southgate said Tottenham Hotspur’s Kane had “outstanding leadership” qualities.

England’s last full-time captain was Wayne Rooney but the arm-band has been worn by several players since the former Manches-ter United forward lost his place in the squad.

Southgate has often played down the signifi cance of the posi-tion, preferring to nurture a collec-tive leadership within the team, but Kane will be the fi gurehead as Eng-land go into their 15th World Cup.

Kane, who scored 30 Premier

League goals for Tottenham this past season, has 23 caps for Eng-land and netted 12 times.

“For me the key for a captain is that you set the tone every day in everything that we do, the way we train, the way we prepare and the professionalism towards the task,” Southgate said.

“Harry is an exemplary model of that. He is a meticulous profes-sional and is prepared to challenge people.” — Reuters

Kane celebrating scoring their fi rst goal at the Tottemham Hotspur versus Newscastle United match at Wembley Stadium, London, UK on May 9. Photo by Reuters

BEIRUT: World leaders should boy-cott Russian President Vladimir Pu-tin’s VIP box at next month’s World Cup opening unless he takes steps to protect Syrian civilians, Human Rights Watch (HRW) said yesterday.

Russia, which hosts the world’s most-watched sporting event for the fi rst time this year, is a key backer of Syrian President Bashar al-Assad's

regime and arguably the most pow-erful broker in the seven-year-old war.

“In hosting one of the most tel-evised events in the world, Russia is courting world public opinion and looking for respect,” HRW’s executive director, Kenneth Roth, said in a statement.

“World leaders should signal to President Putin that unless he chang-

es track and acts to end atrocities by Russian and Syrian forces in Syria, they won’t be in their seats in the VIP box with him on opening night.”

Billions of people worldwide are expected to watch the World Cup on television and HRW argued that Moscow’s responsibility in the suff ering of Syrian civilians should not be forgotten.

Russia is the main exporter of weaponry to the Syrian regime and its forces provide on-the-ground support to government forces and allied militia.

Th e HRW has documented Rus-sian-Syrian joint military operations that “have caused thousands of civil-ian casualties”, including recently in Eastern Ghouta. — AFP

SAN FRANCISCO: Epic Games on Monday stoked the blazing popu-larity of its "Fortnite" death-match video game by putting up US$100 million (RM397 million) in prize money for e-sports competitions.

Th e announcement of the rich prize money is a milestone for the emerging sector of e-sports, or video gaming as a spectator sport.

Fortnite became an e-sports phe-nomena after the release late last year of a Battle Royale mode that lets up to 100 players vie to be the last character standing on ever-shrink-ing terrain.

Players can survive by working with allies, or hiding, but the bound-aries of arenas contract with damage infl icted to characters who remain outside.

“Since the launch of Fortnite Bat-tle Royale, we've watched the pas-sion for community competition grow and can't wait to empower you to battle with the best," the Fort-nite team said in an online post an-nounced a US$100 million pool of

HRW urges Russia World Cup opening boycott over Syria

LONDON: Wigan Athletic Foot-ball Club’s owners confi rmed the proposed sale of their sharehold-ing in the League One champions to a Hong Kong-based consorti-um on Monday.

Th e Latics have been owned by the Whelan family since 1995, but the International Entertain-ment Corp has now agreed to buy their majority stake.

Th e off er depends on Hong Kong Stock Exchange approval, as well as consent from the Eng-lish Football League. If the deal goes through, the new owners will take charge of a club that will go into the Championship next season after Paul Cook’s side won promotion from the third tier.

Wigan spent eight seasons in the top tier thanks to the in-vestment of Dave Whelan, who bank-rolled their rise from lower league obscurity and funded the construction of a new stadium. — AFP

Wigan owners confi rm sale

Raging Fortnite e-sport game gets US$100m prize pool

prize money for e-sports matches for the 2018-2019 season.

“We're getting behind competitive play in a big way, but our approach will be diff erent — we plan to be more

inclusive, and focused on the joy of playing and watching the game.”

Epic promised to disclose more in the weeks ahead about the com-petition. — AFP

Fortnite: Battle Royale video game being displayed for a photograph on an Apple Inc iPhone in Washington on May 10. Photo by Bloomberg

2 5


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

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

Bursa Malaysia

KLSE COMPOSITE 1,845.03 -8.55 -0.46

KLSE INDUSTRIAL 3,305.65 -1.51 -0.05

CONSUMER PRODUCT 743.22 2.02 0.27

INDUSTRIAL PRODUCT 170.41 -2.27 -1.31

CONSTRUCTION 230.69 3.52 1.55

TRADE & SERVICES 223.05 -1.87 -0.83

KLSE FINANCIAL 18,445.19 73.40 0.40

KLSE PROPERTY 1,092.06 1.94 0.18

KLSE PLANTATION 7,939.92 -18.68 -0.23

KLSE MINING 907.84 -28.37 -3.03

INDICES CLOSE +/- %CHGTECHNOLOGY 34.61 0.69 2.03

FTSE BURSA 100 12,648.31 -30.57 -0.24

FTSE BURSA MID 70 15,105.83 59.87 0.40

FTSE BURSA SMALL CAP 14,673.99 -121.58 -0.82

FTSE BURSA FLEDGLING 16,807.34 -139.16 -0.82

FTSE BURSA EMAS 12,844.59 -35.71 -0.28

FTSE BUR M’SIA ACE 5,281.22 -97.93 -1.82

FTSE BUR EMAS SHARIAH 12,875.48 -75.04 -0.58

FTSE BUR HIJRAH SHARIAH 14,614.77 -107.70 -0.73

FTSE/ASEAN 40 11,561.76 24.26 0.21

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.610 0.360 0.375 0.375 7120 ACOSTEC 0.375 -0.020 10 0.375 — — 66.7 6.000 4.435 6.000 5.850 7090 AHEALTH 5.850 0.160 20.5 5.981 15.42 2.05 685.3 25.500 18.000 24.000 23.520 2658 AJI 23.540 -0.160 8.6 23.67 7.51 1.78 1,431.2 0.390 0.250 — — 7051 AMTEK 0.290 — — — — — 14.5 5.202 3.760 4.460 4.280 6432 APOLLO 4.460 0.240 38.3 4.384 28.76 5.61 356.8 1.040 0.785 0.835 0.810 7722 ASIABRN 0.830 -0.020 12 0.823 — — 96.5 3.251 2.502 2.930 2.880 7129 ASIAFLE 2.900 0.050 128 2.901 8.78 5.52 564.8 44.278 22.460 34.160 32.800 4162 BAT 34.160 0.760 1330.1 33.71 19.79 4.74 9,753.7 0.105 0.040 0.050 0.045 7243 BIOOSMO 0.045 UNCH 1161.7 0.046 — — 35.8 0.670 0.400 0.480 0.470 9288 BONIA 0.470 -0.005 239.3 0.473 14.73 2.66 379.0 1.103 0.810 1.020 0.975 7174 CAB 1.000 0.020 3480.3 0.996 9.43 0.50 641.8 1.170 0.292 0.980 0.870 7154 CAELY 0.890 -0.090 660.2 0.923 34.36 1.12 71.2 0.415 0.260 0.320 0.305 7128 CAMRES 0.305 -0.010 38.6 0.310 9.68 3.28 60.0 20.620 13.758 20.620 20.300 2836 CARLSBG 20.520 -0.080 60.8 20.53 26.74 4.19 6,273.9 1.790 0.840 1.780 1.710 7035 CCK 1.720 -0.060 604.8 1.733 19.01 1.74 542.4 3.260 1.943 3.260 3.190 7148 CCMDBIO 3.260 0.060 408.5 3.219 21.41 1.99 909.4 2.472 1.900 2.000 1.980 2828 CIHLDG 1.980 -0.120 18.4 1.998 8.73 4.04 320.8 0.145 0.020 — — 5188 CNOUHUA 0.065 — — — — — 43.4 3.048 2.150 — — 7205 COCOLND 2.380 — — — 16.23 5.46 544.5 1.769 1.394 1.530 1.510 7202 CSCENIC 1.510 0.010 20.9 1.516 14.80 6.62 182.0 0.080 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.758 0.470 0.505 0.495 9423 CWG 0.505 0.015 29.2 0.497 7.20 2.97 63.8 0.040 0.025 0.035 0.030 7179 DBE 0.035 UNCH 114.2 0.030 — — 93.7 1.100 0.870 — — 7119 DEGEM 1.050 — — — 9.23 2.38 140.7 75.730 55.076 70.100 69.980 3026 DLADY 69.980 -0.020 1.6 70.00 37.32 1.43 4,478.7 0.110 0.050 0.070 0.065 7182 EKA 0.065 UNCH 120.9 0.069 — — 20.3 0.335 0.185 0.195 0.195 9091 EMICO 0.195 0.010 6.6 0.195 — — 18.7 1.823 1.020 1.160 1.110 7149 ENGKAH 1.110 -0.070 11 1.156 56.06 2.70 78.5 0.365 0.150 0.195 0.190 7208 EURO 0.190 -0.010 1763.2 0.192 — — 50.8 0.760 0.620 — — 7094 EUROSP 0.720 — — — — — 32.0 37.080 22.958 37.040 36.040 3689 F&N 36.960 UNCH 464 36.90 46.92 1.56 13,556.1 1.070 0.840 — — 2755 FCW 0.840 — — — 2100 — 210.0 0.816 0.370 0.410 0.400 8605 FIHB 0.410 UNCH 32.5 0.404 10.90 2.93 44.7 1.931 0.819 1.600 1.550 9172 FPI 1.550 -0.040 358.2 1.572 9.46 5.16 383.4 1.100 0.600 0.910 0.600 7184 G3 0.910 0.170 256.1 0.633 — — 375.4 2.200 0.903 1.740 1.660 5102 GCB 1.720 0.060 308.8 1.703 9.03 1.45 825.9 0.370 0.045 0.155 0.145 5187 HBGLOB 0.150 UNCH 1711.4 0.151 5.10 — 70.2 23.460 16.760 23.380 22.520 3255 HEIM 23.200 0.100 32.2 23.09 25.97 3.88 7,008.7 11.700 8.688 11.700 11.560 3301 HLIND 11.700 0.100 161.6 11.67 29.36 3.16 3,836.5 0.957 0.600 0.645 0.640 5160 HOMERIZ 0.640 -0.005 197.2 0.640 7.66 6.56 192.0 0.380 0.300 0.345 0.330 7213 HOVID 0.340 0.020 212.7 0.339 — — 279.2 1.214 1.020 1.170 1.140 5024 HUPSENG 1.150 -0.010 575.2 1.152 20.91 5.22 920.0 0.520 0.320 0.405 0.360 8478 HWATAI 0.385 -0.015 77.3 0.366 27.11 — 28.8 3.440 2.600 2.990 2.900 5606 IGBB 2.990 -0.030 14.1 2.913 8.46 0.67 2,061.6 4.760 1.130 1.340 1.310 5107 IQGROUP 1.310 -0.050 73.1 1.315 14.80 8.40 115.3 1.546 0.870 0.900 0.890 7152 JAYCORP 0.890 -0.010 37.9 0.899 5.90 12.36 122.2 0.731 0.365 — — 8931 JERASIA 0.410 — — — 16.33 1.22 33.6 1.680 0.890 1.020 1.000 7167 JOHOTIN 1.000 -0.020 149.2 1.006 10.44 4.00 310.5 2.243 0.690 0.750 0.690 5247 KAREX 0.695 -0.050 3940.7 0.713 40.41 1.44 696.7 3.756 1.940 2.170 2.150 7216 KAWAN 2.170 0.010 876.2 2.154 26.79 1.80 780.2 0.210 0.100 — — 8303 KFM 0.110 — — — — — 7.5 0.823 0.580 0.635 0.610 6203 KHEESAN 0.625 -0.020 43.1 0.620 24.13 2.40 65.0 2.418 1.560 — — 7062 KHIND 1.700 — — — 42.82 0.59 68.1 2.160 1.525 1.640 1.640 0002 KOTRA 1.640 0.010 3 1.640 16.70 2.44 219.1 0.145 0.057 0.115 0.105 5172 KSTAR 0.105 -0.005 4187.3 0.110 — — 40.0 5.469 3.200 3.360 3.200 7006 LATITUD 3.360 -0.250 437.8 3.249 10.91 3.57 326.6 1.090 0.890 0.960 0.940 9385 LAYHONG 0.945 -0.005 1193.2 0.950 17.76 0.53 595.0 0.865 0.283 0.850 0.790 8079 LEESK 0.790 -0.045 2675.4 0.810 21.12 1.90 132.6 4.276 2.510 2.880 2.790 7089 LIIHEN 2.790 0.020 932 2.824 7.02 5.38 502.2 0.815 0.465 0.515 0.485 7126 LONBISC 0.505 UNCH 140 0.498 14.55 — 94.2 1.788 0.900 1.000 1.000 7085 LTKM 1.000 -0.010 3 1.000 27.86 2.50 130.1 7.622 4.034 4.760 4.720 7087 MAGNI 4.720 -0.040 81 4.734 7.00 2.97 768.1 0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 1.129 0.840 — — 5886 MBG 0.950 — — — 40.43 3.16 57.8 2.409 1.420 1.660 1.610 3662 MFLOUR 1.640 0.040 298 1.627 13.16 3.96 902.5 0.900 0.640 — — 7935 MILUX 0.800 — — — — — 43.5 4.520 3.360 4.000 3.860 5202 MSM 4.000 0.010 245 3.985 — 3.50 2,811.9 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.737 1.250 1.680 1.670 3921 MWE 1.680 UNCH 78 1.680 2.97 1.19 389.0 161.33 79.18 150.20 148.00 4707 NESTLE 149.100 1.100 353.1 149.82 54.08 1.81 34,964.0 4.838 3.190 — — 7060 NHFATT 3.480 — — — 12.87 3.16 261.5 0.105 0.035 0.040 0.040 7139 NICE 0.040 UNCH 100 0.040 — — 13.3 0.310 0.150 0.200 0.190 7215 NIHSIN 0.200 0.005 567.2 0.193 21.51 — 64.3 0.836 0.490 0.655 0.630 5066 NTPM 0.635 -0.015 751.9 0.645 18.68 3.15 713.2 1.697 0.900 1.040 1.020 7107 OFI 1.040 0.020 198.7 1.028 17.51 3.37 249.6 6.705 6.060 6.520 6.490 4006 ORIENT 6.500 UNCH 202.3 6.500 10.21 3.08 4,032.6 5.467 3.176 5.400 5.300 7052 PADINI 5.350 0.010 1052.5 5.347 22.63 1.87 3,519.8 40.631 33.000 40.000 39.000 3719 PANAMY 39.620 1.320 226.7 39.76 18.34 2.95 2,406.7 0.568 0.355 — — 5022 PAOS 0.405 — — — 73.64 3.95 73.4 0.530 0.265 — — 9407 PARAGON 0.330 — — — — — 23.1 0.401 0.200 0.245 0.240 6068 PCCS 0.245 -0.005 222.2 0.241 5.08 — 51.5 0.955 0.660 0.710 0.665 5231 PELIKAN 0.665 -0.030 24.9 0.697 12.09 — 367.9 0.707 0.540 — — 9997 PENSONI 0.625 — — — 12.53 3.20 81.0 0.210 0.150 0.160 0.160 4081 PMCORP 0.160 -0.005 59.4 0.160 — — 123.7 0.781 0.472 0.520 0.515 5080 POHKONG 0.515 UNCH 9 0.519 6.64 1.94 211.3 1.999 1.122 1.410 1.350 7088 POHUAT 1.390 0.040 1302.4 1.387 6.72 5.04 324.2 20.810 16.084 20.020 19.740 4065 PPB 19.940 -0.060 715.3 19.91 19.61 1.50 23,638.9 0.662 0.450 — — 7190 PPG 0.455 — — — — 4.40 45.5 1.623 0.550 0.700 0.690 8966 PRLEXUS 0.700 -0.005 80.8 0.700 7.94 3.21 126.2 1.133 0.795 0.890 0.870 7134 PWF 0.870 -0.005 26.2 0.878 8.16 3.94 150.9 2.566 1.150 1.690 1.590 7237 PWROOT 1.600 -0.040 966.3 1.650 18.18 7.19 528.5 5.620 3.820 5.620 5.510 7084 QL 5.510 -0.060 406.3 5.573 41.74 0.59 8,939.6 0.628 0.440 — — 9946 REX 0.505 — — — 336.6 0.99 124.5 1.858 0.525 0.560 0.545 0183 SALUTE 0.550 -0.005 357.5 0.552 13.61 4.36 213.4 0.983 0.300 0.435 0.400 5252 SASBADI 0.405 -0.020 1914.3 0.416 21.89 1.65 169.7 0.590 0.325 — — 5157 SAUDEE 0.440 — — — 28.39 — 58.2 0.707 0.500 0.530 0.525 7180 SERNKOU 0.525 UNCH 52 0.528 19.02 — 126.0 1.340 0.590 0.735 0.735 7165 SGB 0.735 -0.015 8.1 0.735 — — 146.0 1.518 0.780 0.785 0.780 7412 SHH 0.780 -0.020 37.2 0.780 — 6.41 39.0 1.005 0.480 0.590 0.540 7246 SIGN 0.540 -0.035 187.4 0.551 6.39 4.63 129.8 0.765 0.200 — — 8532 SINOTOP 0.485 — — — — — 191.5 0.855 0.420 0.570 0.500 9776 SMCAP 0.540 -0.020 41.8 0.544 2.19 — 33.0 0.345 0.240 — — 7943 SNC 0.270 — — — — — 17.8 2.529 2.130 2.360 2.340 7103 SPRITZER 2.340 -0.030 5.6 2.360 16.97 2.35 491.4 1.340 1.030 1.090 1.030 7186 SWSCAP 1.090 -0.030 8.1 1.043 25.83 0.92 159.0 0.564 0.280 0.295 0.290 7082 SYF 0.290 -0.005 103 0.295 13.94 5.17 179.6 0.470 0.300 — — 7211 TAFI 0.300 — — — — — 24.0 1.900 1.290 1.900 1.860 4405 TCHONG 1.880 0.050 467.9 1.884 — 1.06 1,263.4 0.618 0.310 0.340 0.320 7200 TEKSENG 0.320 -0.015 274.5 0.324 5.69 6.25 111.4 1.110 0.800 0.970 0.925 7252 TEOSENG 0.940 UNCH 370.6 0.941 81.03 1.60 282.0 1.445 0.880 — — 9369 TGL 0.880 — — — 8.44 5.68 35.9 1.004 0.532 0.600 0.600 7230 TOMEI 0.600 UNCH 11 0.600 5.85 1.67 83.2 0.485 0.360 — — 7176 TPC 0.380 — — — — — 88.8 6.980 4.700 6.950 6.600 4588 UMW 6.600 0.030 3173.6 6.777 217.82 — 7,710.7 2.680 2.233 2.500 2.500 7757 UPA 2.500 UNCH 11 2.500 5.09 3.20 199.0 2.470 1.030 1.450 1.440 7203 WANGZNG 1.440 -0.010 45.1 1.445 21.59 2.78 230.4 0.210 0.115 0.130 0.120 5156 XDL 0.130 0.005 178.2 0.125 20.00 — 175.9 0.665 0.465 0.580 0.570 7121 XIANLNG 0.575 -0.010 82.5 0.573 1150.0 — 46.0 0.095 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.753 2.030 2.280 2.200 5584 YEELEE 2.240 -0.030 73.9 2.227 10.83 2.01 429.2 1.522 1.010 1.120 1.120 5159 YOCB 1.120 UNCH 29.6 1.120 8.07 4.46 179.2 3.190 2.190 2.650 2.570 7178 YSPSAH 2.570 -0.060 15.7 2.605 17.09 2.72 353.3 2.082 1.351 1.510 1.500 5131 ZHULIAN 1.500 -0.010 6.3 1.503 14.59 4.33 690.0INDUSTRIAL PRODUCTS 1.393 0.930 0.985 0.975 0012 3A 0.975 0.005 285.2 0.978 11.43 1.85 479.7 0.180 0.090 0.095 0.095 7086 ABLEGRP 0.095 UNCH 10 0.095 — — 25.1 0.430 0.300 0.310 0.305 7131 ACME 0.310 -0.015 23 0.309 9.84 — 74.0 0.975 0.520 — — 7191 ADVENTA 0.600 — — — 150.00 — 91.7 2.289 1.900 — — 9148 ADVPKG 1.990 — — — 32.36 4.52 40.8 0.220 0.125 0.175 0.170 7146 AEM 0.170 0.005 385 0.172 — — 50.9 0.580 0.375 — — 5198 AFUJIYA 0.470 — — — 13.47 — 84.6 0.580 0.260 0.350 0.340 2682 AISB 0.350 0.010 1.6 0.349 7.88 — 50.5 0.864 0.491 0.580 0.560 7609 AJIYA 0.580 0.020 64 0.571 30.85 1.72 176.7

0.250 0.032 0.105 0.100 9954 AKNIGHT 0.100 UNCH 1607 0.100 — — 57.7 1.694 0.700 0.790 0.770 2674 ALCOM 0.770 -0.010 105.4 0.777 6.97 26.62 103.4 1.070 0.405 0.500 0.500 4758 ANCOM 0.500 0.005 83 0.500 8.10 — 109.5 3.814 2.390 2.700 2.630 6556 ANNJOO 2.690 0.050 337.3 2.664 6.63 7.06 1,502.8 0.260 0.050 0.060 0.050 9342 ANZO 0.055 -0.005 4507.1 0.055 — — 48.4 1.120 0.800 — — 5568 APB 0.800 — — — — 3.75 90.3 4.044 3.290 — — 5015 APM 3.700 — — — 16.17 3.51 745.9 1.185 0.700 0.790 0.775 7214 ARANK 0.785 UNCH 231.6 0.785 6.64 4.14 94.2 1.278 0.770 0.820 0.810 7162 ASTINO 0.810 -0.010 93 0.814 6.43 1.23 222.0 1.158 0.649 0.870 0.830 7099 ATTA 0.870 -0.010 47.6 0.869 3.33 9.20 181.2 0.370 0.175 — — 7181 ATURMJU 0.180 — — — — — 11.0 2.305 1.610 1.850 1.780 8133 BHIC 1.850 0.020 5.6 1.800 43.43 2.70 459.6 0.525 0.265 0.310 0.310 7005 BIG 0.310 0.010 5 0.310 — — 14.9 0.580 0.395 0.450 0.445 7187 BKOON 0.445 -0.005 30 0.446 39.73 — 132.2 1.091 0.650 0.705 0.705 0168 BOILERM 0.705 -0.020 30 0.705 17.36 2.13 363.8 1.780 1.000 1.220 1.200 6297 BOXPAK 1.220 UNCH 10.2 1.200 — — 146.5 1.531 0.850 1.030 1.020 5100 BPPLAS 1.020 -0.010 15 1.027 14.91 7.84 191.4 0.310 0.170 0.200 0.195 9938 BRIGHT 0.195 -0.005 73 0.198 — — 40.0 0.800 0.435 0.585 0.580 7221 BSLCORP 0.580 -0.005 30 0.582 27.75 — 56.8 0.320 0.140 0.155 0.145 7188 BTM 0.150 -0.020 252 0.150 — — 21.2 3.489 2.380 2.780 2.670 5105 CANONE 2.670 -0.010 14.1 2.678 8.07 1.50 513.0 0.030 0.005 — — 5229 CAP 0.010 — — — — — 13.6 2.113 1.420 1.520 1.480 7076 CBIP 1.500 -0.020 72.1 1.500 15.32 4.00 807.4 2.350 1.592 1.970 1.900 2879 CCM 1.920 -0.070 71.2 1.936 31.27 7.81 322.0 1.750 1.350 — — 8435 CEPCO 1.400 — — — — — 62.7 1.240 1.020 — — 8044 CFM 1.070 — — — — — 43.9 1.850 1.512 1.650 1.620 5007 CHINWEL 1.620 -0.030 5 1.638 9.12 4.44 485.2 2.690 1.950 2.360 2.330 5797 CHOOBEE 2.350 0.020 144 2.345 6.14 2.55 258.3 1.200 0.850 1.200 1.200 8052 CICB 1.200 0.070 0.8 1.200 16.88 1.46 60.0 0.065 0.040 0.040 0.040 7018 CME 0.040 -0.005 1400 0.040 — — 23.4 4.334 1.740 2.180 1.940 2852 CMSB 2.060 0.140 23430 2.053 9.64 3.88 2,213.2 0.840 0.320 — — 7986 CNASIA 0.505 — — — 13.05 — 22.9 1.490 1.080 1.200 1.180 5071 COASTAL 1.190 -0.040 48 1.191 14.39 1.68 632.6 0.451 0.200 0.225 0.210 7195 COMCORP 0.210 -0.005 917.8 0.218 — — 29.4 1.220 0.690 0.875 0.860 2127 COMFORT 0.870 UNCH 690.7 0.866 13.53 — 488.9 1.882 1.270 1.400 1.370 5094 CSCSTEL 1.390 0.010 60.5 1.390 8.59 7.19 528.2 0.781 0.540 — — 7157 CYL 0.610 — — — 50.83 6.56 61.0 0.360 0.295 — — 5082 CYMAO 0.315 — — — — — 23.6 2.410 2.120 2.160 2.140 8125 DAIBOCI 2.150 UNCH 5 2.146 26.41 2.09 705.0 2.000 1.180 1.500 1.490 8176 DENKO 1.500 UNCH 14.8 1.495 — — 1,720.5 0.460 0.270 0.335 0.320 7114 DNONCE 0.330 -0.005 5239.7 0.333 19.30 — 63.9 0.335 0.150 0.285 0.255 5835 DOLMITE 0.255 -0.020 104.7 0.275 — — 72.7 0.305 0.090 0.120 0.110 5265 DOLPHIN 0.115 UNCH 380.2 0.113 — — 28.1 1.379 1.138 1.290 1.280 7169 DOMINAN 1.290 UNCH 14.7 1.280 9.13 5.04 213.2 2.750 1.511 1.790 1.750 1619 DRBHCOM 1.750 0.020 2163.3 1.759 18.78 0.57 3,383.2 1.582 0.950 1.140 1.130 7233 DUFU 1.130 -0.010 135.5 1.135 7.26 5.75 198.3 0.809 0.490 0.515 0.505 8907 EG 0.505 -0.005 155.7 0.509 5.67 — 134.7 0.990 0.700 — — 9016 EKSONS 0.780 — — — — — 128.1 0.843 0.530 0.570 0.535 7217 EMETALL 0.540 0.005 288.6 0.545 4.85 4.63 101.7 0.700 0.380 — — 7773 EPMB 0.460 — — — — — 76.3 0.920 0.415 0.520 0.490 5101 EVERGRN 0.490 -0.035 2334 0.507 9.23 2.82 414.7 1.690 1.159 1.400 1.330 2984 FACBIND 1.400 0.060 18.8 1.368 12.87 2.86 119.2 2.862 2.340 2.510 2.460 7229 FAVCO 2.460 -0.020 85.2 2.474 8.63 5.49 544.7 0.717 0.480 — — 0149 FIBON 0.580 — — — 53.21 1.90 56.8 2.221 1.920 1.990 1.970 3107 FIMACOR 1.970 UNCH 55.9 1.975 22.62 6.35 483.2 1.780 0.980 1.020 0.995 5197 FLBHD 1.000 -0.080 758.9 1.005 16.29 6.00 103.2 0.679 0.185 0.225 0.215 5277 FPGROUP 0.220 -0.005 1687.7 0.220 0.61 4.55 114.0 2.620 0.825 0.895 0.880 7197 GESHEN 0.880 -0.010 53 0.882 7.07 — 70.4 0.070 0.035 0.050 0.045 5220 GLOTEC 0.050 UNCH 10721.5 0.050 — — 269.1 0.330 0.170 0.220 0.205 7192 GOODWAY 0.210 -0.010 496.9 0.209 — — 23.2 0.130 0.085 0.090 0.090 7096 GPA 0.090 -0.005 66 0.090 — — 88.2 0.370 0.220 0.285 0.285 5649 GPHAROS 0.285 UNCH 1 0.285 75.00 — 38.3 0.250 0.155 0.165 0.165 0136 GREENYB 0.165 UNCH 70.5 0.165 — 1.82 55.1 1.005 0.500 0.585 0.500 3247 GUH 0.565 -0.045 362.4 0.554 — 5.96 157.0 1.180 0.710 0.920 0.920 5151 HALEX 0.920 -0.020 2.5 0.920 — — 97.5 6.640 2.948 6.200 6.100 5168 HARTA 6.110 0.010 2525.6 6.158 45.87 1.15 20,238.8 19.158 4.849 7.500 7.000 4324 HENGYUAN 7.140 -1.150 5935.1 7.243 2.30 0.28 2,142.0 1.690 0.685 1.050 0.985 5095 HEVEA 0.990 -0.050 2556.3 1.012 8.22 6.87 554.2 1.108 0.665 0.725 0.720 3298 HEXZA 0.725 0.015 33.5 0.724 — 6.90 145.3 0.530 0.300 0.405 0.400 5072 HIAPTEK 0.400 UNCH 2210 0.402 — — 534.8 1.170 0.375 1.040 0.970 5199 HIBISCS 0.990 -0.020 56817.5 0.995 39.44 — 1,572.3 1.330 0.913 1.330 1.300 7033 HIGHTEC 1.330 0.080 5 1.312 8.78 2.63 54.0 1.020 0.640 0.710 0.705 8443 HIL 0.705 -0.055 10 0.708 17.36 2.48 235.5 0.715 0.300 0.365 0.365 5165 HOKHENG 0.365 UNCH 6.6 0.365 34.11 — 29.2 0.665 0.030 0.455 0.430 2739 HUAAN 0.435 -0.015 17372.9 0.441 6.04 — 488.2 2.720 1.450 1.500 1.450 5000 HUMEIND 1.450 -0.040 25 1.458 — 1.38 694.7 0.340 0.135 0.150 0.150 9601 HWGB 0.150 UNCH 65.1 0.150 — — 48.7 2.350 1.634 2.350 2.350 7222 IMASPRO 2.350 UNCH 18 2.350 24.28 1.49 188.0 0.290 0.110 0.165 0.140 7183 IRETEX 0.150 -0.005 3761.9 0.151 — — 21.7 0.080 0.045 0.050 0.045 7223 JADI 0.050 UNCH 630.4 0.047 — — 47.1 0.155 0.125 — — 8648 JASKITA 0.135 — — — — 7.41 60.7 1.120 0.950 — — 7043 JMR 1.030 — — — — 2.91 130.6 0.300 0.145 0.175 0.175 0054 KARYON 0.175 -0.005 328 0.175 14.00 1.71 83.2 0.728 0.450 — — 7199 KEINHIN 0.485 — — — 17.08 2.80 52.8 0.480 0.265 0.320 0.320 6211 KIALIM 0.320 -0.005 7 0.320 — — 19.8 3.080 2.480 2.850 2.720 3522 KIANJOO 2.820 -0.030 22.4 2.818 13.92 1.42 1,252.6 2.315 1.310 1.400 1.400 5371 KIMHIN 1.400 0.020 2 1.400 24.52 3.57 217.9 0.065 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.321 0.783 0.860 0.835 9466 KKB 0.840 -0.020 192.3 0.839 48.84 2.38 216.5 0.310 0.180 0.205 0.200 7164 KNM 0.200 UNCH 4600 0.200 — — 473.9 1.700 0.810 1.080 1.030 6971 KOBAY 1.030 -0.030 133.1 1.050 10.45 — 105.2 0.245 0.150 — — 7017 KOMARK 0.195 — — — — — 32.1 8.790 6.001 7.270 7.000 7153 KOSSAN 7.050 -0.200 192.4 7.122 24.76 1.56 4,508.2 1.110 0.450 — — 7130 KPOWER 0.500 — — — — — 38.1 5.098 3.970 4.090 4.080 3476 KSENG 4.090 0.010 22.8 4.086 64.31 2.44 1,478.4 0.760 0.380 0.440 0.420 5192 KSSC 0.430 -0.045 504.1 0.433 10.39 4.65 41.3 0.775 0.400 0.440 0.400 8362 KYM 0.440 -0.010 15 0.400 — — 66.0 7.080 3.820 3.960 3.820 3794 LAFMSIA 3.900 -0.030 1032.2 3.905 — — 3,313.8 0.910 0.530 0.600 0.600 9326 LBALUM 0.600 0.010 10 0.600 18.93 4.17 149.1 0.580 0.425 0.580 0.575 5092 LCTH 0.575 UNCH 358.7 0.575 21.95 1.74 207.0 6.259 3.968 5.250 5.150 5284 LCTITAN 5.150 -0.060 587.7 5.169 11.61 4.47 11,885.1 0.985 0.660 0.735 0.720 5232 LEONFB 0.720 -0.010 95.5 0.726 2.78 2.08 223.2 0.440 0.220 0.255 0.245 8745 LEWEKO 0.255 -0.005 155 0.248 — — 82.1 1.670 0.700 0.925 0.900 4235 LIONIND 0.900 -0.015 1211.6 0.912 4.50 — 646.1 0.740 0.390 0.415 0.415 9881 LSTEEL 0.415 -0.015 15.5 0.415 6.78 — 53.1 0.160 0.075 0.105 0.100 5068 LUSTER 0.105 0.005 570.2 0.100 37.50 — 207.5 4.660 3.000 3.500 3.500 9199 LYSAGHT 3.500 UNCH 3 3.500 8.14 2.00 145.5 1.400 0.705 0.825 0.790 5098 MASTEEL 0.820 UNCH 4490 0.810 4.92 — 350.3 0.755 0.531 0.730 0.680 7029 MASTER 0.685 -0.035 505.4 0.718 9.49 2.92 37.4 1.407 0.990 1.050 1.030 5152 MBL 1.040 -0.020 74 1.040 9.67 1.92 105.2 0.870 0.665 0.745 0.720 7004 MCEHLDG 0.745 -0.005 2.9 0.724 93.13 — 33.1 0.390 0.190 0.195 0.195 3778 MELEWAR 0.195 -0.010 21.6 0.195 — — 44.0 0.789 0.550 — — 5223 MENTIGA 0.570 — — — 25.91 1.75 39.9 1.789 1.600 — — 6149 METROD 1.750 — — — 9.10 3.43 210.0 1.235 0.426 0.525 0.495 5001 MIECO 0.495 -0.035 2583.1 0.507 5.42 2.02 259.9 0.170 0.090 0.105 0.100 7219 MINETEC 0.105 UNCH 50.1 0.100 — — 92.6 0.573 0.380 0.415 0.415 5576 MINHO 0.415 -0.005 10 0.415 7.55 1.81 91.2 4.237 2.710 3.480 3.400 5916 MSC 3.450 0.060 87 3.424 43.02 1.16 345.0 2.950 1.140 2.900 2.710 3883 MUDA 2.770 -0.090 1485.3 2.777 14.38 1.26 845.0 1.030 0.340 0.400 0.385 5087 MYCRON 0.385 -0.015 81 0.389 4.18 — 109.2 0.355 0.090 0.250 0.240 5025 NWP 0.250 UNCH 3913.8 0.245 — — 98.1 1.163 0.650 0.675 0.665 4944 NYLEX 0.665 -0.015 38 0.670 6.30 3.01 129.2 1.897 1.270 1.300 1.280 7140 OKA 1.300 UNCH 10.7 1.289 7.82 4.23 212.6 1.780 0.998 1.780 1.620 5065 ORNA 1.630 -0.140 1677.3 1.657 7.78 3.07 122.7 0.130 0.043 0.065 0.060 7225 PA 0.065 UNCH 626.5 0.061 — — 110.7 8.880 6.563 8.660 8.430 5183 PCHEM 8.430 -0.270 10211.5 8.504 17.36 3.20 67,440.0 1.640 0.780 1.090 0.780 5271 PECCA 0.870 -0.200 10279.7 0.869 15.24 5.75 163.6 7.695 3.360 3.670 3.670 5436 PERSTIM 3.670 -0.130 1 3.670 14.19 8.17 364.4 19.276 15.638 18.040 17.700 6033 PETGAS 17.980 UNCH 730.9 17.91 19.63 3.73 35,577.6 15.060 7.000 8.850 8.650 3042 PETRONM 8.670 -0.420 566.6 8.712 5.78 2.88 2,340.9 1.510 1.310 — — 3611 PGLOBE 1.350 — — — 105.4 — 252.0 2.370 1.240 1.410 1.350 7095 PIE 1.360 -0.030 1180.7 1.377 10.87 1.76 522.3 3.600 0.870 3.380 3.300 7172 PMBTECH 3.300 -0.080 120 3.345 49.11 0.61 528.0 5.807 2.496 4.740 4.690 8869 PMETAL 4.720 0.030 1410.9 4.716 29.89 1.27 18,255.9 0.565 0.470 — — 6637 PNEPCB 0.525 — — — 28.69 — 69.0 0.790 0.355 0.495 0.450 8117 POLY 0.465 0.015 41.4 0.471 37.80 — 74.4 0.973 0.540 0.630 0.615 8273 PPHB 0.630 0.005 85 0.623 7.65 — 118.8 1.458 0.810 0.940 0.925 9873 PRESTAR 0.925 -0.015 36.9 0.934 4.12 5.41 189.3 1.110 0.755 0.850 0.800 7168 PRG 0.850 UNCH 4 0.836 58.62 0.59 257.4 0.325 0.145 0.275 0.240 7123 PWORTH 0.245 -0.025 30062 0.254 27.22 — 250.8 1.210 0.720 — — 7544 QUALITY 0.800 — — — — — 46.4 0.750 0.460 — — 7498 RALCO 0.500 — — — — — 21.0 5.900 5.310 5.820 5.600 7765 RAPID 5.820 -0.030 625 5.769 183.02 — 622.1 0.575 0.245 0.330 0.310 5256 REACH 0.310 -0.010 1349.2 0.316 — — 339.9 0.655 0.285 — — 7232 RESINTC 0.350 — — — 6.60 3.43 48.0 1.580 1.012 1.300 1.290 9741 ROHAS 1.300 UNCH 296.2 1.299 — 0.77 614.5 0.838 0.530 0.590 0.555 7803 RUBEREX 0.590 0.015 32.3 0.559 10.44 2.97 148.8 5.194 3.780 3.900 3.900 5134 SAB 3.900 -0.080 2 3.900 12.99 1.28 534.0 8.490 5.900 7.150 7.050 9822 SAM 7.050 -0.070 20.5 7.081 14.97 1.46 952.9 0.957 0.740 — — 7811 SAPIND 0.890 — — — 21.45 5.62 64.8 1.237 0.420 0.455 0.440 5170 SCABLE 0.440 -0.015 124.1 0.440 — 6.82 139.5 3.356 1.370 1.810 1.730 7247 SCGM 1.730 -0.040 552.5 1.761 14.33 3.47 334.9 0.810 0.500 0.650 0.600 9237 SCIB 0.610 -0.055 16.8 0.617 — — 52.4 9.738 7.390 7.780 7.610 4731 SCIENTX 7.660 -0.040 54.2 7.666 13.12 2.09 3,745.2 0.350 0.240 0.315 0.290 7239 SCNWOLF 0.310 UNCH 279.9 0.307 9.37 — 29.8 1.510 0.515 0.585 0.570 7073 SEACERA 0.585 UNCH 86.1 0.577 27.59 — 219.7 0.210 0.120 0.135 0.135 5145 SEALINK 0.135 -0.010 31.8 0.135 — — 67.5 0.765 0.350 — — 5163 SEB 0.430 — — — 6.74 — 34.4 1.410 0.711 0.870 0.840 5181 SIGGAS 0.870 UNCH 12 0.845 35.80 0.92 163.1 0.930 0.530 — — 7115 SKBSHUT 0.570 — — — 7.70 — 22.8 2.350 1.228 1.540 1.510 7155 SKPRES 1.520 UNCH 860.7 1.522 14.05 2.73 1,900.3 2.093 0.900 1.050 1.030 7248 SLP 1.030 -0.020 10 1.044 17.00 4.37 326.5 0.685 0.390 — — 7132 SMISCOR 0.540 — — — — — 24.2

* 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 WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY



2.580 1.550 2.050 1.980 5665 SSTEEL 1.990 -0.040 217 2.011 4.75 1.76 862.1 0.300 0.135 — — 7143 STONE 0.205 — — — — — 18.4 1.400 0.860 — — 6904 SUBUR 0.990 — — — — — 206.9 2.069 0.770 0.995 0.960 7207 SUCCESS 0.960 -0.035 11.1 0.982 7.18 2.60 238.6 2.918 0.995 1.360 1.340 7235 SUPERLN 1.340 UNCH 113.9 1.346 12.33 2.61 214.4 3.380 1.646 3.340 3.300 7106 SUPERMX 3.320 -0.020 1231.6 3.314 24.87 1.81 2,258.1 3.750 2.840 3.000 2.840 5012 TAANN 2.900 -0.080 226.3 2.953 10.79 5.17 1,290.0 0.395 0.250 0.315 0.315 5149 TAS 0.315 -0.005 38 0.315 — — 56.7 12.733 6.885 — — 4448 TASEK 8.000 — — — — 5.00 989.0 0.235 0.100 0.135 0.135 5178 TATGIAP 0.135 -0.005 126 0.135 — — 23.0 1.480 0.465 0.515 0.495 7097 TAWIN 0.515 UNCH 63.5 0.511 12.41 — 34.6 2.120 1.000 1.010 1.010 7439 TECGUAN 1.010 0.010 3 1.010 — — 40.5 4.570 2.360 2.710 2.660 7034 TGUAN 2.660 -0.050 120.2 2.681 7.45 3.01 362.8 2.056 1.350 1.390 1.380 7374 TIENWAH 1.390 0.010 80.4 1.384 — 4.32 201.2 0.705 0.550 — — 7854 TIMWELL 0.640 — — — 27.83 1.56 57.0 1.069 0.745 0.815 0.800 7285 TOMYPAK 0.805 -0.005 491.5 0.807 10.25 3.23 337.9 4.292 2.660 3.830 3.680 5010 TONGHER 3.680 -0.130 68.3 3.750 9.91 9.78 579.3 10.780 5.143 10.360 10.160 7113 TOPGLOV 10.260 UNCH 4284.7 10.28 33.28 1.41 13,127.1 1.130 0.510 0.750 0.630 7173 TOYOINK 0.630 -0.115 106 0.660 — — 67.4 0.215 0.155 0.155 0.155 4359 TURIYA 0.155 UNCH 107.2 0.155 — — 35.5 3.410 1.677 2.970 2.940 7100 UCHITEC 2.970 0.010 772.8 2.958 18.46 5.05 1,335.3 4.640 1.500 1.730 1.630 7133 ULICORP 1.650 -0.100 59 1.660 12.52 3.03 239.6 1.271 0.820 — — 7227 UMSNGB 1.020 — — — 10.82 2.94 81.6 1.680 0.355 0.400 0.390 4995 VERSATL 0.400 -0.010 700.4 0.399 31.25 — 46.9 2.575 1.464 1.880 1.850 6963 VS 1.860 -0.020 2623 1.867 16.17 2.80 3,097.8 1.710 0.885 1.570 1.530 5142 WASEONG 1.530 -0.030 516.8 1.547 8.90 0.33 1,185.6 0.465 0.240 — — 7226 WATTA 0.330 — — — 6.73 — 27.9 2.300 1.724 2.180 2.100 7111 WEIDA 2.160 -0.030 135.4 2.151 17.12 1.39 288.0 1.618 1.300 1.400 1.390 7231 WELLCAL 1.400 0.010 47 1.393 19.97 4.41 697.1 1.393 0.652 0.975 0.975 7050 WONG 0.975 0.005 2 0.975 7.91 — 89.4 0.675 0.500 — — 7025 WOODLAN 0.575 — — — 136.90 — 23.0 1.980 1.810 — — 5009 WTHORSE 1.860 — — — 83.04 3.76 446.4 0.939 0.625 0.710 0.695 4243 WTK 0.710 UNCH 277.6 0.700 39.01 2.82 341.8 0.917 0.370 0.400 0.370 7245 WZSATU 0.390 -0.010 10.6 0.394 14.77 3.85 181.4 0.830 0.695 0.720 0.720 5048 YILAI 0.720 -0.015 22.3 0.720 — — 115.2 0.455 0.155 0.245 0.235 7020 YKGI 0.240 UNCH 1504.5 0.242 — — 84.2 0.608 0.275 0.390 0.360 7014 YLI 0.390 UNCH 35.1 0.369 — 1.28 40.2CONSTRUCTION 1.210 0.470 0.520 0.470 5281 ADVCON 0.490 -0.010 2516.8 0.501 8.72 — 197.0 1.200 0.385 0.415 0.395 7078 AZRB 0.410 0.010 7580.5 0.409 7.23 3.66 218.0 0.525 0.280 0.295 0.290 5190 BENALEC 0.290 -0.005 313 0.291 40.85 1.38 235.4 0.435 0.270 0.320 0.300 5932 BPURI 0.305 -0.015 1618.7 0.308 25.63 — 84.8 1.121 0.821 0.855 0.850 8761 BREM 0.855 -0.005 41.2 0.854 6.92 1.75 295.4 1.220 0.870 0.905 0.900 8591 CRESBLD 0.900 UNCH 43.3 0.900 5.50 4.44 159.2 2.086 1.560 — — 7528 DKLS 1.610 — — — 28.00 1.86 149.2 1.410 0.650 0.705 0.665 5253 ECONBHD 0.665 0.005 12575.6 0.685 10.23 2.71 889.4 1.253 0.620 0.665 0.625 8877 EKOVEST 0.630 -0.005 9461.1 0.641 10.47 3.17 1,347.7 0.992 0.355 0.430 0.380 7047 FAJAR 0.420 0.045 9818.4 0.412 3.46 5.95 157.0 1.335 0.745 0.785 0.760 9261 GADANG 0.765 UNCH 3574.7 0.770 3.83 3.92 506.2 5.392 3.970 4.320 4.120 5398 GAMUDA 4.270 0.170 13287.8 4.266 15.19 2.81 10,531.8 2.160 0.810 0.955 0.925 5226 GBGAQRS 0.950 0.020 8701.6 0.947 8.36 2.51 451.7 0.920 0.380 0.430 0.425 5169 HOHUP 0.430 UNCH 203.6 0.429 4.02 — 161.2 1.707 1.300 1.380 1.300 6238 HSL 1.380 0.060 612.3 1.344 16.31 1.74 804.1 3.508 1.950 2.110 2.000 3336 IJM 2.060 0.080 7041.4 2.043 12.97 3.64 7,475.1 0.740 0.265 0.290 0.270 5268 IKHMAS 0.275 UNCH 1357.1 0.280 20.68 1.82 150.0 0.820 0.532 0.645 0.645 8834 IREKA 0.645 0.015 1 0.645 — 3.10 120.4 1.840 1.250 1.560 1.490 4723 JAKS 1.530 -0.010 2496.3 1.514 6.09 — 835.3 0.500 0.210 0.250 0.230 9083 JETSON 0.250 0.005 28.8 0.234 — — 51.7 1.935 1.340 1.670 1.620 7161 KERJAYA 1.630 -0.010 300.9 1.641 17.18 1.84 2,024.4 2.430 1.750 1.860 1.820 5171 KIMLUN 1.850 0.030 240.6 1.843 8.50 3.51 593.2 1.680 1.070 — — 9628 LEBTECH 1.070 — — — 157.35 — 146.0 0.911 0.555 — — 5129 MELATI 0.650 — — — 31.86 1.54 78.0 2.560 1.200 1.390 1.310 8192 MERCURY 1.320 -0.030 15.8 1.326 4.43 3.03 53.0 0.575 0.260 — — 5006 MERGE 0.270 — — — — — 18.1 1.930 1.070 1.200 1.180 7595 MGB 1.190 -0.010 17 1.191 13.15 — 591.2 1.245 0.550 0.575 0.560 9571 MITRA 0.570 -0.005 309.1 0.570 5.00 8.42 510.8 0.400 0.180 0.190 0.180 5924 MTDACPI 0.180 -0.010 240 0.182 — — 41.7 1.670 0.620 0.660 0.620 5085 MUDAJYA 0.625 -0.005 114 0.634 — — 378.4 3.360 2.408 3.090 3.010 5703 MUHIBAH 3.020 -0.040 357.6 3.040 11.02 2.32 1,456.0 0.655 0.390 0.420 0.415 7071 OCR 0.420 0.005 165 0.417 37.17 — 122.8 2.600 1.500 2.400 2.360 5622 PEB 2.400 UNCH 21.6 2.368 8.26 — 165.9 0.680 0.285 0.295 0.290 8311 PESONA 0.295 0.005 170 0.291 10.39 3.39 205.0 0.996 0.605 0.640 0.620 5070 PRTASCO 0.625 0.005 617.7 0.624 9.77 8.11 309.6 0.200 0.115 0.145 0.135 7145 PSIPTEK 0.140 UNCH 662.1 0.139 11.29 — 48.8 4.137 2.980 — — 9598 PTARAS 3.100 — — — 29.52 6.45 514.2 0.980 0.440 0.620 0.585 6807 PUNCAK 0.590 -0.030 1221.4 0.605 — — 265.1 1.390 0.680 0.985 0.930 5205 SENDAI 0.930 -0.050 1310.3 0.943 8.44 — 726.4 2.590 1.859 2.060 1.990 5263 SUNCON 1.990 0.010 3165.9 2.003 18.51 3.52 2,572.9 0.365 0.230 0.235 0.235 9717 SYCAL 0.235 UNCH 1.5 0.235 30.52 — 97.8 0.860 0.505 0.555 0.520 5054 TRC 0.525 0.005 1207.6 0.532 8.36 5.33 252.3 0.815 0.460 — — 5042 TSRCAP 0.510 — — — 11.09 — 89.0 0.200 0.110 0.125 0.120 7070 VIZIONE 0.120 -0.005 3294.9 0.122 23.08 — 443.5 1.600 0.765 0.795 0.765 3565 WCEHB 0.765 -0.025 406.1 0.774 18.66 — 767.1 2.279 0.695 0.830 0.775 9679 WCT 0.800 -0.010 31485.6 0.808 7.12 3.75 1,132.5 0.805 0.415 0.440 0.415 7028 ZECON 0.415 -0.030 40.5 0.429 — — 54.4 0.155 0.075 0.100 0.090 2283 ZELAN 0.090 -0.010 2188.7 0.092 — — 76.0TRADING SERVICES 0.550 0.325 0.385 0.370 5238 AAX 0.380 0.005 10758.9 0.377 16.24 — 1,576.3 2.650 1.450 2.480 2.370 6599 AEON 2.370 -0.120 2732.1 2.412 31.73 1.69 3,327.5 0.435 0.175 0.200 0.200 7315 AHB 0.200 UNCH 213 0.200 2.58 — 35.2 4.750 2.790 3.330 3.280 5099 AIRASIA 3.280 -0.010 7501.7 3.298 6.66 5.49 10,961.7 9.450 7.815 9.000 8.850 5014 AIRPORT 8.920 0.040 3234.8 8.977 82.90 1.46 14,800.0 0.300 0.110 0.140 0.130 5115 ALAM 0.130 UNCH 664 0.135 — — 120.2 0.125 0.070 0.085 0.085 0159 AMEDIA 0.085 -0.005 401.5 0.085 8.85 — 20.4 8.520 6.833 8.200 8.080 6351 AMWAY 8.080 -0.120 8.5 8.107 25.96 2.48 1,328.2 2.319 2.020 2.110 2.110 7083 ANALABS 2.110 0.010 10 2.110 12.70 0.47 126.7 0.055 0.005 0.010 0.010 5194 APFT 0.010 -0.005 730 0.010 — — 13.4 0.950 0.670 0.830 0.815 5210 ARMADA 0.820 UNCH 7589.6 0.821 13.64 — 4,813.8 0.240 0.115 0.195 0.170 1481 ASB 0.175 -0.020 27502.1 0.182 — 1.43 162.6 2.858 1.510 1.600 1.510 6399 ASTRO 1.530 -0.050 3322.1 1.551 10.34 7.52 7,977.2 4.650 3.862 — — 7048 ATLAN 4.610 — — — 23.86 5.64 1,169.3 0.425 0.280 0.310 0.295 8885 AVI 0.300 -0.010 1515.5 0.306 — — 257.6 1.158 0.640 0.785 0.745 7579 AWC 0.785 0.045 1488.9 0.767 9.80 2.55 214.0 5.820 4.497 5.150 5.060 6888 AXIATA 5.070 -0.060 1259.7 5.099 49.85 1.58 45,882.2 0.630 0.320 0.395 0.370 5021 AYS 0.395 0.005 69.3 0.378 5.57 6.33 150.3 0.670 0.085 0.120 0.105 7251 BARAKAH 0.110 -0.005 12775.1 0.114 — — 90.9 2.415 1.782 2.320 2.260 5248 BAUTO 2.290 0.050 3935.8 2.290 25.47 3.73 2,659.9 0.240 0.125 0.130 0.130 6998 BINTAI 0.130 -0.005 93 0.130 — — 37.6 6.077 5.568 — — 5032 BIPORT 5.980 — — — 17.85 3.51 2,750.8 0.415 0.270 0.335 0.315 3395 BJCORP 0.320 -0.005 31291.1 0.324 — — 1,575.5 1.889 1.356 1.800 1.780 5196 BJFOOD 1.780 -0.020 13 1.783 — 2.25 679.7 0.565 0.245 0.325 0.310 4219 BJLAND 0.310 -0.010 753 0.318 147.62 — 1,550.1 0.450 0.145 0.240 0.220 6025 BJMEDIA 0.240 0.040 24 0.226 — — 56.4 2.600 2.021 2.560 2.480 1562 BJTOTO 2.510 -0.030 1135.6 2.520 12.83 5.98 3,391.1 0.135 0.065 0.080 0.075 7036 BORNOIL 0.080 UNCH 37037.6 0.080 50.00 — 427.2 0.710 0.240 0.305 0.290 9474 BRAHIMS 0.300 UNCH 686 0.299 — — 70.9 3.005 2.430 2.600 2.580 2771 BSTEAD 2.600 0.010 60.5 2.593 11.40 4.23 5,270.2 0.620 0.280 0.300 0.295 5257 CARIMIN 0.300 -0.005 155.1 0.300 — — 70.2 2.200 1.450 1.680 1.630 5245 CARING 1.680 0.030 5.9 1.667 21.48 1.79 365.7 2.550 1.830 1.990 1.920 2925 CCB 1.990 0.040 23.1 1.929 — 2.51 200.5 1.420 0.666 0.695 0.675 7117 CENTURY 0.675 -0.020 258.5 0.684 20.39 2.22 266.1 0.540 0.376 — — 7209 CHEETAH 0.380 — — — — 1.58 48.5 1.374 0.970 0.990 0.970 5273 CHINHIN 0.990 UNCH 136.2 0.980 17.37 3.54 550.8 0.675 0.420 0.475 0.460 7016 CHUAN 0.475 0.035 165 0.468 12.80 3.79 80.1 0.150 0.065 0.080 0.080 5104 CNI 0.080 UNCH 29.2 0.080 — — 57.6 1.110 0.610 — — 5136 COMPLET 0.705 — — — 13.06 — 87.3 0.045 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 1915.2 0.025 — — 58.7 2.820 2.050 2.460 2.420 5184 CYPARK 2.460 UNCH 7.6 2.423 11.12 2.28 643.1 0.820 0.327 0.410 0.385 5276 DANCO 0.400 -0.020 72 0.397 10.26 3.75 119.2 0.110 0.025 0.035 0.030 0091 DAYA 0.030 UNCH 1451.5 0.031 — — 61.3 0.920 0.535 0.625 0.580 5141 DAYANG 0.615 0.040 5004.5 0.607 — — 593.4 1.330 0.720 1.230 1.100 5132 DELEUM 1.140 -0.180 2041.1 1.158 14.09 3.73 457.1 0.745 0.220 0.240 0.220 7212 DESTINI 0.225 -0.015 7701.6 0.227 8.65 — 259.9 3.570 1.825 3.570 3.450 7277 DIALOG 3.480 UNCH 12891.7 3.505 39.10 0.82 19,632.9 5.233 3.510 4.400 4.300 5908 DKSH 4.300 -0.120 34.4 4.362 13.02 2.33 677.9 0.633 0.305 0.405 0.395 4456 DNEX 0.395 -0.010 3286.1 0.399 12.19 1.27 694.2 1.287 0.765 0.970 0.940 5216 DSONIC 0.970 0.025 1086.5 0.956 19.28 4.64 1,309.5 0.275 0.125 0.180 0.165 2097 EASTLND 0.170 -0.010 2632.7 0.170 — — 41.8 0.565 0.280 0.425 0.410 5259 EATECH 0.425 0.015 370.1 0.417 — — 214.2 0.930 0.210 0.445 0.425 5036 EDARAN 0.425 -0.015 79 0.428 — — 25.5 0.470 0.115 0.320 0.300 7471 EDEN 0.300 -0.015 12101.2 0.307 — — 93.4 2.716 1.939 2.080 2.000 1368 EDGENTA 2.040 -0.030 45.8 2.049 12.61 6.37 1,696.5 0.505 0.190 0.220 0.215 0064 EFFICEN 0.220 -0.005 40 0.219 — — 156.0 0.902 0.585 — — 5081 EIG 0.600 — — — 31.09 5.00 142.3 2.051 1.370 1.450 1.390 5208 EITA 1.450 0.030 6.1 1.393 11.37 3.45 188.5 1.508 0.950 1.180 1.140 5056 ENGTEX 1.170 -0.010 1022.5 1.153 7.63 1.28 518.7 0.548 0.430 — — 6939 FIAMMA 0.460 — — — 9.20 3.80 243.8 0.465 0.355 0.405 0.390 9318 FITTERS 0.390 -0.020 556.5 0.396 60.00 — 187.4 1.356 1.050 1.210 1.180 7210 FREIGHT 1.200 0.020 20.9 1.196 9.86 4.17 223.4 0.525 0.252 0.415 0.400 0128 FRONTKN 0.410 0.005 1192.2 0.408 13.76 1.22 431.9 0.295 0.150 0.175 0.175 9377 FSBM 0.175 0.020 1 0.175 — — 24.7 3.000 2.634 2.900 2.790 5209 GASMSIA 2.800 -0.100 1222.1 2.815 18.47 4.64 3,595.2 0.775 0.465 0.475 0.470 0078 GDEX 0.470 UNCH 1024.8 0.472 90.38 0.53 2,633.2 6.163 4.590 5.150 5.100 4715 GENM 5.100 -0.030 4924.6 5.122 24.89 1.76 30,284.0 9.882 8.470 8.740 8.640 3182 GENTING 8.640 UNCH 1263.2 8.671 22.51 1.68 33,332.5 0.265 0.160 0.210 0.175 5079 GETS 0.175 -0.025 125.9 0.193 — — 22.1 4.414 1.470 1.660 1.600 3204 GKENT 1.610 -0.030 9429.5 1.627 7.29 5.90 906.9 0.540 0.330 0.385 0.330 7676 GUNUNG 0.385 0.035 59.6 0.341 — — 90.9 5.526 4.560 5.390 5.330 7668 HAIO 5.370 -0.010 100.7 5.365 20.19 1.68 1,612.5 0.375 0.205 0.370 0.340 7253 HANDAL 0.340 -0.020 547.3 0.349 — — 54.4 9.980 8.700 9.800 9.720 3034 HAPSENG 9.780 UNCH 108.4 9.771 22.06 3.58 24,349.1 0.876 0.620 0.700 0.695 2062 HARBOUR 0.695 -0.005 37.3 0.696 8.88 2.16 278.3 4.200 3.700 4.090 4.030 5008 HARISON 4.040 0.020 12 4.039 13.02 4.95 276.7 1.910 0.721 0.955 0.930 0185 HSSEB 0.935 -0.025 496 0.940 24.67 0.82 463.6

0.195 0.050 0.090 0.085 7013 HUBLINE 0.090 -0.005 13900.6 0.090 — — 212.6 0.335 0.160 0.170 0.160 5255 ICON 0.160 -0.010 4458.9 0.164 — — 188.3 6.420 5.420 6.420 6.180 5225 IHH 6.330 0.160 10386.5 6.323 55.97 0.47 52,176.0 0.830 0.520 — — 5614 ILB 0.600 — — — — — 117.0 0.905 0.670 — — 5673 IPMUDA 0.900 — — — — — 65.2 1.879 1.600 1.650 1.650 0058 JCBNEXT 1.650 UNCH 10.2 1.650 34.23 2.73 230.4 0.400 0.290 — — 8672 KAMDAR 0.400 — — — 17.70 — 79.2 1.862 1.440 1.520 1.520 6491 KFIMA 1.520 -0.030 1 1.520 26.95 5.92 429.0 0.900 0.567 0.820 0.770 0151 KGB 0.770 0.005 1991.5 0.801 12.30 1.95 189.0 1.320 0.520 — — 5035 KNUSFOR 0.600 — — — — — 59.8 1.134 0.840 0.945 0.930 5878 KPJ 0.940 0.005 5364.7 0.941 25.13 1.84 4,025.0 1.770 1.170 1.740 1.680 5843 KPS 1.700 -0.020 821.4 1.702 14.53 2.50 848.3 0.880 0.485 0.640 0.595 9121 KPSCB 0.600 -0.025 1369.9 0.619 7.12 — 88.7 0.185 0.090 0.130 0.115 4847 KTB 0.120 -0.005 1499.2 0.124 — — 48.3 0.587 0.280 0.320 0.305 6874 KUB 0.305 -0.010 1270.3 0.314 5.28 4.92 169.7 0.310 0.110 0.150 0.150 7170 LFECORP 0.150 -0.010 15 0.150 — — 27.9 0.835 0.450 — — 8486 LIONFIB 0.555 — — — 3.92 — 128.5 0.869 0.572 0.675 0.650 5143 LUXCHEM 0.650 -0.020 457.9 0.659 14.94 3.58 556.4 0.349 0.100 0.135 0.130 5078 M&G 0.130 UNCH 639.6 0.131 — 38.46 94.1 2.200 1.573 2.200 2.150 3859 MAGNUM 2.150 0.030 1883.4 2.175 14.82 5.58 3,091.2 1.115 0.812 0.895 0.880 5264 MALAKOF 0.895 0.005 1076.9 0.888 1.83 6.93 4,475.0 0.165 0.125 0.140 0.140 3514 MARCO 0.140 UNCH 335.9 0.140 10.77 3.57 147.6 6.364 5.300 5.820 5.750 6012 MAXIS 5.790 -0.010 1390.4 5.788 20.28 3.45 45,258.2 0.930 0.600 0.670 0.640 5077 MAYBULK 0.650 -0.015 993.1 0.654 — — 650.0 2.530 1.992 2.400 2.360 5983 MBMR 2.360 -0.040 200 2.376 — 1.27 922.5 1.087 0.250 0.375 0.360 4502 MEDIA 0.370 0.010 4348.9 0.367 — — 410.4 0.557 0.285 0.315 0.300 5090 MEDIAC 0.305 UNCH 1582 0.307 13.68 8.20 514.6 0.739 0.275 — — 7234 MESB 0.300 — — — — — 24.6 3.978 3.100 — — 3069 MFCB 3.620 — — — 8.99 1.10 1,487.5 0.946 0.603 0.760 0.725 5186 MHB 0.725 -0.030 379.7 0.741 47.39 4.14 1,160.0 0.290 0.115 0.140 0.135 5166 MINDA 0.135 UNCH 100 0.140 — — 167.4 7.799 6.490 6.800 6.490 3816 MISC 6.670 -0.070 2646.3 6.607 18.41 4.50 29,773.5 2.500 1.350 1.620 1.550 2194 MMCCORP 1.570 -0.090 972.1 1.590 21.24 2.55 4,780.7 0.440 0.250 — — 0059 MMODE 0.275 — — — — — 44.7 0.075 0.040 0.050 0.045 0043 MTRONIC 0.045 UNCH 6153.8 0.045 75.00 — 43.3 0.275 0.160 0.200 0.185 3891 MUIIND 0.185 -0.005 4269.7 0.190 — — 542.5 2.420 2.000 2.270 2.200 3905 MULPHA 2.270 0.020 91.2 2.242 2.58 — 725.5 3.030 0.890 0.985 0.925 0138 MYEG 0.935 -0.045 103439 0.947 14.96 1.82 3,371.9 1.800 1.260 1.630 1.580 5275 MYNEWS 1.580 -0.080 370.2 1.600 47.16 0.63 1,077.8 0.910 0.350 — — 9806 NATWIDE 0.365 — — — — — 43.9 0.435 0.330 0.365 0.350 7241 NGGB 0.365 UNCH 3752.5 0.364 — — 167.3 0.790 0.535 — — 5533 OCB 0.575 — — — — 1.74 59.1 0.973 0.735 0.785 0.770 0172 OCK 0.785 UNCH 67.1 0.780 27.74 1.27 684.1 0.180 0.105 0.120 0.115 3018 OLYMPIA 0.120 UNCH 339.6 0.115 10.62 — 122.8 1.940 0.860 1.080 1.010 5260 OWG 1.020 -0.070 632.6 1.042 41.80 — 272.4 1.290 0.380 1.140 1.060 8419 PANSAR 1.130 0.080 1226 1.115 43.46 0.88 348.0 0.728 0.510 0.650 0.625 5125 PANTECH 0.640 -0.005 3897.6 0.638 10.08 3.13 478.2 0.675 0.380 0.515 0.460 5657 PARKSON 0.510 0.050 3525.5 0.499 — — 557.9 1.300 1.100 1.220 1.210 5041 PBA 1.210 -0.010 33.2 1.215 10.75 3.31 400.8 0.165 0.045 0.060 0.055 6254 PDZ 0.060 0.005 747 0.055 — — 40.9 1.230 0.330 0.360 0.350 5133 PENERGY 0.360 0.005 163 0.353 — 5.56 115.8 0.660 0.200 0.225 0.215 7108 PERDANA 0.215 UNCH 1524.2 0.218 — — 167.4 0.090 0.025 0.045 0.040 0047 PERISAI 0.040 -0.005 7080.4 0.045 — — 50.4 0.420 0.170 0.245 0.230 7080 PERMAJU 0.230 -0.010 2241.6 0.235 — — 45.1 2.070 1.470 1.680 1.550 5219 PESTECH 1.560 -0.110 560.7 1.602 12.87 — 1,192.3 28.180 20.401 26.200 25.040 5681 PETDAG 26.000 -0.200 1281.8 25.60 24.12 2.85 25,829.8 0.250 0.030 — — 7027 PETONE 0.055 — — — 9.48 — 2.8 4.585 3.598 4.030 4.000 7081 PHARMA 4.000 UNCH 21.1 4.009 19.79 5.00 1,039.3 0.100 0.030 0.035 0.030 4464 PHB 0.030 UNCH 1031 0.035 — — 48.9 0.225 0.105 0.150 0.140 7201 PICORP 0.140 -0.010 842.8 0.144 93.33 3.57 92.1 0.350 0.200 0.210 0.205 7163 PJBUMI 0.210 UNCH 126.5 0.206 — — 17.2 5.660 3.080 3.810 3.710 4634 POS 3.790 -0.010 693.8 3.773 39.60 2.82 2,966.7 2.397 1.000 1.220 1.200 5204 PRESBHD 1.200 -0.030 776.4 1.204 26.97 2.08 580.8 1.880 0.690 0.880 0.830 8346 PRKCORP 0.880 -0.070 13.7 0.867 — — 88.0 0.822 0.633 0.700 0.690 5272 RANHILL 0.690 -0.010 168 0.696 8.19 7.25 612.9 0.325 0.215 0.260 0.250 0037 RGB 0.250 -0.010 2042.4 0.255 11.01 2.80 336.2 1.408 0.734 0.880 0.865 5278 RHONEMA 0.875 -0.025 46.5 0.875 10.45 5.71 145.3 0.622 0.350 0.455 0.435 8567 SALCON 0.440 -0.005 416 0.441 — 2.27 298.2 1.270 0.754 1.090 1.070 5147 SAMCHEM 1.070 -0.020 220.4 1.079 0.35 2.80 291.0 0.295 0.145 0.170 0.165 9113 SANBUMI 0.170 0.005 233 0.169 — — 38.5 1.970 0.395 0.785 0.750 5218 SAPNRG 0.760 -0.015 92916.9 0.767 — 1.32 4,554.0 2.294 1.563 1.990 1.850 0099 SCICOM 1.890 -0.120 770.6 1.923 15.84 4.76 671.8 0.403 0.100 0.120 0.115 7158 SCOMI 0.115 UNCH 1187 0.120 — — 125.8 0.195 0.085 0.090 0.090 7045 SCOMIES 0.090 UNCH 676.9 0.090 — — 210.8 1.563 0.909 — — 7053 SEEHUP 1.300 — — — 68.06 2.08 104.6 0.730 0.598 0.650 0.645 9792 SEG 0.645 -0.005 61.3 0.646 19.03 5.43 815.6 1.570 1.075 1.560 1.550 5250 SEM 1.550 -0.010 38 1.550 34.99 1.74 1,911.7 3.658 1.762 3.390 3.250 5279 SERBADK 3.310 0.090 5408.4 3.359 14.00 2.05 4,860.7 3.038 2.025 2.830 2.780 4197 SIME 2.790 UNCH 18865.2 2.793 19.39 6.81 18,974.3 0.720 0.600 — — 9431 SJC 0.660 — — — — 1.52 26.8 0.563 0.295 — — 5242 SOLID 0.355 — — — 29.83 0.96 138.9 2.048 1.000 1.130 1.100 6084 STAR 1.100 UNCH 1698.7 1.121 9.53 10.91 812.4 3.079 2.020 — — 9865 SUIWAH 2.220 — — — 12.51 0.45 135.4 0.130 0.040 0.055 0.045 1201 SUMATEC 0.050 UNCH 9322.3 0.050 — — 212.6 1.882 1.460 1.530 1.510 5211 SUNWAY 1.520 0.010 1851.1 1.518 11.43 3.95 7,478.0 2.247 1.580 1.670 1.670 6521 SURIA 1.670 -0.040 13 1.670 9.84 3.59 481.3 0.335 0.210 0.270 0.265 5173 SYSCORP 0.265 -0.010 1418.7 0.265 17.91 — 318.0 0.665 0.300 0.485 0.470 7228 T7GLOBAL 0.480 0.005 1380.9 0.479 96.00 — 201.3 1.494 0.740 0.935 0.910 8524 TALIWRK 0.910 0.005 262 0.926 37.92 8.79 1,100.6 2.618 1.550 1.930 1.930 5140 TASCO 1.930 UNCH 3.6 1.930 12.11 2.33 386.0 16.120 13.143 15.680 15.200 5347 TENAGA 15.340 -0.320 18740 15.34 11.69 4.63 87,103.3 1.322 0.810 — — 8702 TEXCHEM 0.905 — — — — 11.05 112.3 0.140 0.040 0.045 0.040 7206 THHEAVY 0.040 UNCH 3026.3 0.041 — — 44.9 6.436 4.120 4.760 4.120 4863 TM 4.200 -0.500 11781.5 4.293 16.96 5.12 15,783.3 0.920 0.730 0.775 0.760 0101 TMCLIFE 0.760 UNCH 53.3 0.765 48.72 0.22 1,319.7 1.768 0.990 1.060 1.050 8397 TNLOGIS 1.050 -0.010 42 1.053 7.35 1.90 483.4 0.935 0.350 0.600 0.600 7218 TOCEAN 0.600 UNCH 15 0.600 — — 24.6 0.950 0.670 — — 5167 TURBO 0.780 — — — 27.18 1.28 84.2 2.622 2.230 — — 7137 UMS 2.420 — — — 17.69 2.48 98.5 0.605 0.215 0.300 0.290 5243 UMWOG 0.290 -0.005 35510 0.295 — — 2,382.5 1.168 0.915 1.000 0.985 7091 UNIMECH 0.985 UNCH 18 0.990 10.55 3.05 132.7 0.695 0.220 0.270 0.240 5754 UTUSAN 0.250 -0.020 102 0.250 — — 27.7 1.800 1.180 1.240 1.180 7250 UZMA 1.240 -0.010 125.7 1.213 15.23 — 396.8 1.240 0.750 1.040 1.010 7240 VERTICE 1.030 0.010 151.7 1.021 — — 149.6 2.200 1.951 2.190 2.090 5016 WARISAN 2.190 0.150 9.6 2.092 29.20 1.83 147.2 0.630 0.455 — — 7692 WIDETEC 0.630 — — — 19.50 — 28.2 3.897 3.052 3.460 3.400 5246 WPRTS 3.430 0.040 1624.5 3.430 18.44 4.17 11,696.3 1.369 0.900 0.930 0.900 5267 XINHWA 0.905 -0.045 60 0.910 17.64 1.10 195.5 0.060 0.005 — — 7122 YFG 0.005 — — — — — 3.0 4.458 3.208 4.400 4.290 7293 YINSON 4.310 UNCH 2796.3 4.303 16.02 1.39 4,710.9 1.550 0.985 1.030 1.000 4677 YTL 1.010 -0.020 20202.5 1.013 13.91 4.95 11,019.7FINANCE 4.480 3.539 4.370 4.270 2488 ABMB 4.330 0.050 13887.2 4.292 13.36 3.70 6,703.3 14.960 11.782 14.960 14.600 5139 AEONCR 14.860 0.160 246.3 14.88 11.46 2.77 3,702.4 2.869 2.193 2.590 2.570 5185 AFFIN 2.590 0.020 372.9 2.586 9.66 2.70 5,032.2 15.458 10.440 14.700 13.100 1163 ALLIANZ 14.020 0.720 343.8 14.00 8.48 0.86 2,464.8 5.331 3.400 3.610 3.560 1015 AMBANK 3.590 0.030 2516.4 3.590 8.89 4.90 10,820.9 1.950 0.900 1.100 1.050 5088 APEX 1.070 0.020 20 1.068 15.42 1.87 228.5 4.461 3.760 3.920 3.800 5258 BIMB 3.820 -0.150 88.7 3.829 10.07 3.66 6,469.4 8.200 7.080 8.050 7.900 1818 BURSA 7.990 -0.040 2773 7.982 27.95 3.21 6,441.9 7.360 5.694 6.680 6.540 1023 CIMB 6.650 0.050 9856.9 6.647 13.38 3.76 62,282.6 0.408 0.330 0.380 0.355 2143 ECM 0.360 UNCH 104 0.366 105.88 — 160.8 1.220 1.112 1.170 1.170 5228 ELKDESA 1.170 0.010 5 1.170 11.90 5.77 350.3 19.847 13.446 18.960 18.540 5819 HLBANK 18.800 UNCH 1694.7 18.83 16.21 2.45 40,753.1 10.100 7.327 — — 5274 HLCAP 9.790 — — — 30.77 1.94 2,417.1 19.700 15.278 19.160 18.800 1082 HLFG 19.100 0.340 84.3 19.07 13.42 1.99 21,917.6 1.129 0.735 0.885 0.865 3379 INSAS 0.875 0.010 379.9 0.873 3.28 1.14 606.7 0.400 0.150 0.170 0.160 3441 JOHAN 0.165 UNCH 833.7 0.166 7.71 — 102.8 0.657 0.495 0.620 0.600 6483 KENANGA 0.615 0.010 279.2 0.610 11.78 4.88 444.4 17.360 16.140 17.300 17.000 8621 LPI 17.300 0.300 71.9 17.17 21.83 3.47 6,892.0 0.814 0.650 0.660 0.650 1198 MAA 0.660 UNCH 78.1 0.654 7.18 9.09 180.5 3.410 2.830 2.870 2.860 1058 MANULFE 2.860 -0.040 6 2.862 20.66 2.80 578.8 11.080 9.033 10.900 10.820 1155 MAYBANK 10.880 UNCH 14772 10.87 14.99 5.06 119,037.4 1.380 1.010 1.220 1.180 1171 MBSB 1.190 UNCH 4645.9 1.192 16.74 2.52 7,318.4 2.840 2.190 2.470 2.460 6459 MNRB 2.460 -0.040 10 2.462 5.92 — 786.2 1.850 1.210 1.300 1.270 5237 MPHBCAP 1.300 0.020 54.1 1.283 11.34 — 929.5 1.148 0.988 — — 6009 P&O 1.080 — — — — 5.52 309.9 25.780 19.419 25.260 25.020 1295 PBBANK 25.200 0.200 4654.3 25.19 17.29 2.42 97,829.9 1.850 1.060 1.330 1.260 9296 RCECAP 1.280 0.020 1041.5 1.291 4.99 2.34 455.7 5.610 4.710 5.440 5.350 1066 RHBBANK 5.410 -0.030 2439 5.415 11.12 2.77 21,694.3 0.708 0.495 0.645 0.630 4898 TA 0.640 -0.005 1373.7 0.638 4.52 6.41 1,095.6 4.080 3.170 3.680 3.640 6139 TAKAFUL 3.650 0.020 167.8 3.651 13.68 4.11 3,008.4 1.620 0.705 0.730 0.720 5230 TUNEPRO 0.720 -0.015 1452.6 0.727 11.69 4.17 541.3PROPERTIES 0.824 0.645 0.675 0.675 1007 AMPROP 0.675 UNCH 17.9 0.675 3.79 4.44 411.3 0.420 0.300 0.325 0.325 1007PA AMPROP-PA 0.325 UNCH 2.6 0.325 — 6.15 93.8 1.780 1.000 1.030 1.020 5959 AMVERTON 1.030 0.020 77.1 1.026 15.54 — 376.0 0.540 0.285 0.285 0.285 7007 ARK 0.285 UNCH 20 0.285 75.00 — 13.9 0.200 0.135 0.150 0.150 4057 ASIAPAC 0.150 UNCH 162 0.150 5.91 — 154.8 7.534 5.510 — — 2305 AYER 5.700 — — — 34.52 0.88 426.7 0.510 0.330 — — 6602 BCB 0.400 — — — 17.94 — 165.0 0.700 0.425 0.495 0.490 6173 BDB 0.495 0.005 40 0.493 — 9.09 150.4 0.600 0.180 — — 9814 BERTAM 0.235 — — — 0.78 — 48.6 0.700 0.390 0.495 0.480 3239 BJASSET 0.480 -0.015 704 0.485 8.45 — 1,227.9 1.440 1.000 1.250 1.200 5738 CHHB 1.250 0.080 25 1.240 — — 344.6 1.654 1.250 — — 6718 CRESNDO 1.340 — — — 10.71 4.48 375.8 1.720 1.380 — — 5049 CVIEW 1.400 — — — 5.01 10.71 140.0 2.375 2.000 2.100 2.100 5355 DAIMAN 2.100 0.020 7.4 2.100 14.19 2.62 445.6 0.668 0.420 0.470 0.455 3484 DBHD 0.470 0.010 38 0.457 8.55 — 149.6 0.110 0.065 0.095 0.085 7198 DPS 0.090 -0.005 902.6 0.089 — — 52.9 1.874 1.350 1.620 1.570 3417 E&O 1.600 0.010 414.7 1.603 18.41 1.88 2,122.7 0.325 0.265 0.310 0.305 3557 ECOFIRS 0.310 UNCH 311.9 0.308 5.62 — 249.0 1.720 0.975 1.420 1.390 8206 ECOWLD 1.400 -0.020 907.8 1.402 34.83 — 4,122.1 0.845 0.475 0.705 0.655 6076 ENCORP 0.700 -0.010 4 0.690 — — 205.8

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


2 7




3.180 2.410 — — 8613 ENRA 2.600 — — — — — 354.1 1.300 0.780 0.890 0.890 6815 EUPE 0.890 0.025 0.1 0.890 11.88 — 113.9 0.709 0.305 0.645 0.600 7249 EWEIN 0.605 -0.025 1642.6 0.615 17.14 0.83 182.5 1.180 0.945 0.965 0.955 5283 EWINT 0.960 -0.005 358 0.959 — — 2,304.0 0.583 0.440 — — 6041 FARLIM 0.460 — — — 8.24 4.35 64.6 0.630 0.450 0.495 0.490 5020 GLOMAC 0.490 -0.010 205.1 0.492 56.98 5.57 392.0 0.454 0.350 0.390 0.375 9962 GMUTUAL 0.390 UNCH 165 0.378 7.37 5.13 146.5 0.430 0.235 0.255 0.235 1147 GOB 0.255 UNCH 1566.5 0.249 — 1.96 115.9 0.170 0.085 0.165 0.150 7077 GSB 0.150 -0.010 13466.7 0.157 — — 79.2 1.239 0.850 0.990 0.960 1503 GUOCO 0.970 -0.010 33.1 0.966 12.11 2.06 679.4 1.430 0.829 1.320 1.290 7105 HCK 1.310 0.020 102.9 1.307 150.57 — 551.8 1.210 0.410 0.695 0.695 7010 HOOVER 0.695 UNCH 185 0.695 21.52 — 27.8 1.064 0.440 0.450 0.445 5062 HUAYANG 0.450 -0.005 244.1 0.449 14.38 8.89 158.4 0.635 0.450 0.505 0.500 4251 IBHD 0.500 UNCH 111.3 0.501 7.03 3.76 504.2 0.900 0.450 0.585 0.515 5084 IBRACO 0.515 0.010 11.2 0.584 18.20 5.34 255.6 0.840 0.550 0.660 0.660 9687 IDEAL 0.660 UNCH 24 0.660 4.64 — 72.9 2.158 1.470 1.620 1.590 5249 IOIPG 1.610 UNCH 4002.8 1.607 11.16 3.73 8,864.9 0.510 0.245 0.320 0.320 5175 IVORY 0.320 UNCH 59 0.320 11.85 — 156.8 1.930 0.565 0.590 0.570 1589 IWCITY 0.580 0.010 3242 0.579 10.00 — 485.7 0.500 0.255 0.330 0.305 8923 JIANKUN 0.330 0.010 46.2 0.317 — — 55.1 0.120 0.080 0.095 0.090 6769 JKGLAND 0.090 UNCH 195 0.092 10.11 2.56 204.7 0.095 0.055 0.080 0.075 3115 KBUNAI 0.080 0.005 1105 0.078 12.70 — 462.1 1.100 0.790 — — 7323 KEN 0.805 — — — 3.01 3.11 154.3 1.310 0.915 0.940 0.925 5038 KSL 0.925 UNCH 64.1 0.930 4.30 — 959.7 0.260 0.160 0.190 0.185 3174 L&G 0.185 -0.005 1670.8 0.187 8.56 — 542.1 1.211 0.850 0.900 0.900 8494 LBICAP 0.900 UNCH 7 0.900 14.73 3.33 73.9 1.120 0.774 0.935 0.920 5789 LBS 0.925 UNCH 127.2 0.924 12.97 2.38 1,434.6 0.480 0.325 0.370 0.350 3573 LIENHOE 0.365 -0.025 218 0.359 — — 132.0 1.590 1.000 1.060 1.040 7617 MAGNA 1.050 -0.090 34.6 1.047 29.58 — 351.7 1.590 0.980 1.150 1.120 8583 MAHSING 1.130 0.020 755.1 1.132 9.00 5.75 2,743.3 1.628 0.555 0.630 0.570 6181 MALTON 0.590 0.010 19927.8 0.604 2.97 4.24 311.6 2.239 1.840 1.930 1.910 5236 MATRIX 1.930 0.020 1271.5 1.919 6.93 6.40 1,451.7 2.310 1.463 1.900 1.900 7189 MBWORLD 1.900 UNCH 41 1.900 6.01 1.84 299.0 1.060 0.755 — — 5182 MCT 0.830 — — — 16.50 — 1,209.3 0.510 0.330 0.370 0.340 5040 MEDAINC 0.355 0.010 199.7 0.350 — — 174.9 0.567 0.350 0.420 0.400 1694 MENANG 0.420 -0.005 83 0.405 42.00 — 201.9 0.605 0.270 0.285 0.280 8141 MJPERAK 0.280 UNCH 19.2 0.283 — 7.64 72.0 2.506 1.340 1.430 1.380 6114 MKH 1.380 -0.040 513.1 1.389 6.46 3.62 809.4 0.325 0.160 0.220 0.210 8893 MKLAND 0.220 0.005 270.9 0.215 14.47 — 265.6 0.175 0.070 — — 6548 MPCORP 0.070 — — — — — 20.1 1.349 0.680 0.750 0.720 1651 MRCB 0.725 UNCH 33559.5 0.735 11.49 2.41 3,183.3 0.780 0.480 0.540 0.530 9539 MUH 0.540 0.040 5 0.534 — — 30.5 0.325 0.210 0.290 0.280 3913 MUIPROP 0.290 0.005 121.8 0.286 90.63 — 221.6 1.510 0.655 0.710 0.685 5073 NAIM 0.690 -0.005 362.1 0.699 — — 172.5 2.520 2.040 2.200 2.200 5827 OIB 2.200 UNCH 3.8 2.200 7.77 3.18 340.7 1.116 0.960 1.010 1.000 5053 OSK 1.010 UNCH 84.6 1.001 5.24 5.12 2,116.3 2.010 1.604 2.010 1.980 1724 PARAMON 2.000 UNCH 208.5 1.994 6.36 4.25 856.5 0.662 0.345 0.345 0.345 6912 PASDEC 0.345 UNCH 76.8 0.345 13.48 — 138.1 1.983 1.131 1.750 1.730 7055 PLB 1.750 UNCH 1081 1.730 24.01 — 191.8 1.766 1.350 1.620 1.610 5075 PLENITU 1.610 UNCH 22.4 1.610 11.71 2.80 614.3 0.425 0.280 — — 2208 PTGTIN 0.330 — — — — — 114.2 1.150 0.730 0.960 0.955 4596 SAPRES 0.960 UNCH 37 0.959 9.57 3.13 134.0 0.820 0.470 0.500 0.495 5207 SBCCORP 0.495 -0.010 39 0.498 — — 116.2 1.012 0.710 0.780 0.740 2224 SDRED 0.740 0.010 24.5 0.767 2.31 3.38 315.3 0.580 0.320 0.430 0.395 4286 SEAL 0.405 -0.010 688.2 0.416 — — 98.4 2.775 2.474 2.560 2.550 6017 SHL 2.550 -0.010 201.2 2.560 8.02 7.25 617.4 1.755 1.025 1.490 1.450 5288 SIMEPROP 1.490 0.030 2208.1 1.486 1.52 2.68 10,133.3 0.305 0.170 0.215 0.205 4375 SMI 0.205 -0.010 127.5 0.211 1.50 — 43.0 0.816 0.530 0.620 0.580 5213 SNTORIA 0.620 UNCH 86.2 0.598 8.72 — 351.7 5.363 4.140 4.270 4.270 1783 SPB 4.270 0.010 2 4.270 192.3 2.81 1,467.2 3.850 2.770 3.250 3.140 8664 SPSETIA 3.210 0.030 688.8 3.202 15.04 4.80 12,486.4 1.590 1.010 1.180 1.120 3743 SUNSURIA 1.120 -0.080 6 1.163 8.87 — 894.7 1.035 0.675 0.685 0.675 1538 SYMLIFE 0.680 -0.010 122.5 0.679 4.77 4.41 210.8 0.450 0.165 0.205 0.185 4022 TADMAX 0.190 -0.010 624.6 0.193 — — 128.5 0.410 0.275 0.325 0.315 5158 TAGB 0.320 -0.005 821.2 0.318 10.49 1.88 1,702.9 0.055 0.030 0.045 0.040 2259 TALAMT 0.045 0.005 1778 0.040 — — 189.9 1.395 0.725 0.835 0.830 5191 TAMBUN 0.830 UNCH 304.7 0.832 4.26 12.05 359.6 0.165 0.095 0.100 0.100 2429 TANCO 0.100 -0.005 250 0.100 — — 67.1 0.650 0.175 0.420 0.370 7889 THRIVEN 0.370 -0.045 4604 0.387 616.6 — 139.4 0.075 0.020 0.025 0.020 7079 TIGER 0.025 UNCH 9229 0.025 — — 43.0 0.840 0.425 0.440 0.425 5239 TITIJYA 0.440 UNCH 178.7 0.434 4.90 0.57 591.5 1.036 0.845 0.900 0.885 5401 TROP 0.885 -0.015 36.5 0.891 6.88 1.81 1,301.3 1.320 0.810 0.855 0.840 5148 UEMS 0.850 0.010 851.7 0.848 13.78 1.18 3,856.8 2.710 2.300 2.600 2.570 5200 UOADEV 2.590 -0.010 378.5 2.596 8.89 5.79 4,491.7 0.525 0.165 0.170 0.165 6378 WMG 0.170 0.005 925.1 0.165 — — 72.4 1.100 0.905 — — 7003 Y&G 0.950 — — — 34.05 — 189.4 1.540 1.300 1.370 1.350 3158 YNHPROP 1.350 -0.020 3128.1 1.358 22.20 — 714.1 1.750 1.300 1.440 1.400 7066 YONGTAI 1.430 0.020 1554.8 1.420 34.71 — 689.6 0.630 0.450 0.480 0.470 2577 YTLLAND 0.475 -0.015 100.4 0.476 16.55 — 401.1MINING 2.900 1.200 2.250 2.230 2186 KUCHAI 2.240 -0.070 33.6 2.240 3.03 0.43 277.2PLANTATIONS 0.260 0.180 0.185 0.185 7054 AASIA 0.185 UNCH 15 0.185 — — 122.1 19.627 17.800 18.020 18.000 1899 BKAWAN 18.020 0.020 2.8 18.00 14.14 3.33 7,855.8 8.569 8.010 — — 5069 BLDPLNT 8.010 — — — 18.53 0.37 748.9 1.390 1.340 1.370 1.350 5254 BPLANT 1.360 -0.010 717.1 1.361 4.58 6.57 3,046.4 0.973 0.701 0.775 0.745 8982 CEPAT 0.775 0.005 38.1 0.755 0.32 2.58 246.8 8.141 7.000 — — 1929 CHINTEK 7.000 — — — 12.08 2.86 639.5 0.735 0.415 0.590 0.570 3948 DUTALND 0.570 -0.020 1054.6 0.577 — — 482.3 11.500 8.520 — — 5029 FAREAST 11.000 — — — 13.43 2.27 1,555.3 2.180 1.468 1.850 1.800 5222 FGV 1.800 -0.030 4693.2 1.820 45.00 2.92 6,566.7 11.447 9.416 9.750 9.580 2291 GENP 9.680 0.110 50.7 9.655 22.87 1.55 7,782.6 0.639 0.470 0.510 0.510 7382 GLBHD 0.510 UNCH 22 0.510 16.35 1.96 113.7 1.500 1.200 — — 2135 GOPENG 1.480 — — — 47.74 2.70 265.4 0.850 0.540 0.575 0.570 7501 HARNLEN 0.570 UNCH 10 0.575 13.90 — 105.7 2.637 2.350 2.380 2.380 5138 HSPLANT 2.380 UNCH 2 2.380 14.11 4.62 1,904.0 3.147 2.190 2.320 2.290 2216 IJMPLNT 2.320 0.030 10 2.311 34.89 3.02 2,042.9 0.920 0.636 0.685 0.685 2607 INCKEN 0.685 -0.005 5 0.685 — 1.59 288.2 1.380 0.665 0.860 0.810 6262 INNO 0.860 -0.035 267.9 0.850 9.65 5.81 411.8 4.810 4.166 4.800 4.700 1961 IOICORP 4.760 -0.030 5917.9 4.765 19.56 2.00 29,913.2 1.260 0.780 0.790 0.780 4383 JTIASA 0.780 -0.010 828.4 0.784 38.24 0.64 759.5 25.980 23.461 25.060 24.660 2445 KLK 25.040 0.020 1473.6 25.02 30.82 2.00 26,730.3 5.000 2.982 — — 2453 KLUANG 4.100 — — — 28.73 0.24 259.0 1.601 1.230 1.350 1.320 5027 KMLOONG 1.350 0.030 58.6 1.343 12.72 4.44 1,262.8 0.880 0.515 0.830 0.825 1996 KRETAM 0.830 UNCH 167.4 0.830 102.4 1.20 1,931.9 1.750 1.350 — — 6572 KWANTAS 1.450 — — — 8.18 — 451.9 1.490 0.985 — — 4936 MALPAC 1.000 — — — — — 75.0 0.891 0.691 0.750 0.750 5026 MHC 0.750 -0.040 10 0.750 8.40 2.67 147.4 2.239 1.700 — — 5047 NPC 2.000 — — — 5.38 0.50 240.0 4.187 3.550 — — 2038 NSOP 3.670 — — — 27.19 1.63 257.6 0.265 0.140 — — 1902 PINEPAC 0.175 — — — — — 26.2 1.170 0.720 — — 9695 PLS 0.720 — — — — — 235.2 0.495 0.300 0.320 0.315 5113 RSAWIT 0.320 0.005 155.2 0.316 — — 453.9 3.956 3.304 3.600 3.600 2542 RVIEW 3.600 UNCH 0.2 3.600 14.56 2.22 233.5 4.180 2.931 3.350 3.350 2569 SBAGAN 3.350 -0.050 5 3.350 35.68 0.60 222.2 0.680 0.420 — — 4316 SHCHAN 0.430 — — — — — 51.6 5.957 4.547 5.570 5.510 5285 SIMEPLT 5.540 -0.020 2039.6 5.549 8.40 — 37,676.7 4.720 3.390 3.480 3.450 5126 SOP 3.480 0.020 63.2 3.463 8.32 1.72 1,986.6 1.890 1.500 1.640 1.620 5135 SWKPLNT 1.630 UNCH 33.5 1.629 — 3.07 456.4 0.631 0.325 0.350 0.325 2054 TDM 0.330 -0.010 671.7 0.335 23.74 1.52 547.1 1.125 0.670 0.700 0.690 5112 THPLANT 0.690 UNCH 217.5 0.691 16.59 5.22 609.9 1.820 1.230 1.250 1.250 9059 TSH 1.250 UNCH 62 1.250 14.83 1.60 1,727.3 7.015 5.807 6.200 6.150 2593 UMCCA 6.150 0.050 6.3 6.166 18.85 2.93 1,289.5 28.380 25.592 27.500 27.320 2089 UTDPLT 27.500 -0.100 0.9 27.42 13.82 1.45 5,723.7HOTELS 0.595 0.447 — — 5592 GCE 0.525 — — — — 3.81 103.4 1.000 0.675 0.745 0.730 1643 LANDMRK 0.730 -0.010 56 0.735 — — 386.1 0.210 0.125 0.155 0.140 1287 PMHLDG 0.145 -0.010 4033.1 0.146 362.50 — 134.7 6.500 4.700 6.480 6.150 5517 SHANG 6.150 -0.330 514.5 6.304 37.48 2.44 2,706.0TECHNOLOGY 0.880 0.610 0.650 0.650 7031 AMTEL 0.650 0.020 29 0.650 — — 32.0 0.400 0.170 0.185 0.185 5195 CENSOF 0.185 -0.010 30 0.185 — — 92.8 0.665 0.165 0.200 0.165 0051 CUSCAPI 0.175 -0.025 13696.2 0.178 — — 150.4 0.800 0.530 0.660 0.640 7204 D&O 0.655 UNCH 548.4 0.649 29.37 — 679.7 0.520 0.165 0.225 0.210 8338 DATAPRP 0.210 -0.015 1833.7 0.216 — — 88.5 0.200 0.085 0.100 0.095 0029 DIGISTA 0.095 -0.010 697.8 0.098 — — 62.5 1.486 1.100 1.200 1.180 5162 ECS 1.180 -0.010 46 1.186 8.07 4.24 212.4 1.670 0.500 0.550 0.500 0065 EFORCE 0.510 -0.030 5292.1 0.516 33.33 2.45 211.4 2.861 2.220 2.540 2.540 0090 ELSOFT 2.540 UNCH 0.6 2.540 23.24 1.97 700.7 1.800 1.030 1.470 1.400 0021 GHLSYS 1.450 -0.010 557 1.445 46.62 0.34 956.2 0.590 0.280 0.295 0.290 0082 GPACKET 0.295 UNCH 1158.3 0.290 — — 223.8 0.280 0.190 0.210 0.200 0056 GRANFLO 0.205 -0.010 190.2 0.206 7.32 2.93 99.0 6.972 3.500 5.170 5.030 7022 GTRONIC 5.150 0.070 1282.4 5.090 23.77 1.17 1,471.7 0.940 0.500 0.600 0.600 5028 HTPADU 0.600 0.015 1 0.600 — 8.33 60.7 2.519 1.278 2.190 2.110 0166 INARI 2.160 0.050 13129.7 2.162 25.50 2.87 6,729.5 0.295 0.110 0.125 0.120 9393 ITRONIC 0.120 UNCH 202 0.122 — — 12.3 0.631 0.295 0.310 0.295 5161 JCY 0.295 -0.010 1912.9 0.300 — 10.17 612.7 22.635 13.154 17.080 16.980 9334 KESM 17.000 -0.020 21 17.02 15.70 0.74 731.2 0.340 0.105 0.160 0.155 0143 KEYASIC 0.155 UNCH 1434.2 0.155 155.00 — 138.0 14.410 7.570 9.550 8.730 3867 MPI 9.440 0.780 323.8 9.268 12.50 3.07 1,981.3 1.480 1.030 1.160 1.160 5011 MSNIAGA 1.160 UNCH 7 1.160 12.29 4.31 70.1 1.320 0.455 0.580 0.565 0083 NOTION 0.580 -0.005 344.2 0.574 — 3.88 192.8 0.590 0.390 — — 9008 OMESTI 0.460 — — — — — 198.4 0.325 0.225 0.255 0.245 0041 PANPAGE 0.250 UNCH 3221 0.250 — — 66.4 3.140 1.700 2.330 2.230 7160 PENTA 2.310 0.090 1392.1 2.294 20.37 — 731.3 0.675 0.320 — — 9075 THETA 0.390 — — — 30.23 — 41.8 0.232 0.025 0.030 0.025 0118 TRIVE 0.030 UNCH 1642.8 0.030 — — 63.4 4.065 1.600 2.220 2.100 5005 UNISEM 2.210 0.110 4162.7 2.172 13.45 4.98 1,621.8 6.880 5.090 6.190 6.000 0097 VITROX 6.140 0.140 140.3 6.142 34.05 0.73 2,886.9 1.750 0.985 1.090 1.070 0008 WILLOW 1.090 0.010 11.6 1.073 16.64 1.83 270.3INFRASTRUCTURE PROJECT COMPANIES 5.048 4.316 4.730 4.650 6947 DIGI 4.670 -0.060 3861.4 4.674 24.36 4.07 36,309.3 5.894 3.630 4.120 3.950 6645 LITRAK 4.100 0.150 915.9 4.096 9.58 6.10 2,164.5 9.685 7.800 8.350 8.030 5031 TIMECOM 8.300 -0.030 92.8 8.295 27.45 0.64 4,826.1

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

1.443 0.770 0.820 0.770 6742 YTLPOWR 0.775 -0.045 63152.6 0.788 9.49 6.45 6,322.6CLOSED-END FUNDS 2.880 2.450 2.710 2.710 5108 ICAP 2.710 0.010 1.5 2.710 282.29 — 379.4EXCHANGE TRADED FUNDS 1.155 1.105 — — 0800EA ABFMY1 1.155 — — — — 4.92 1,461.6 2.210 1.880 2.000 1.980 0822EA CIMBA40 2.000 0.010 33.7 1.980 — 3.70 5.4 1.845 1.440 — — 0823EA CIMBC50 1.700 — — — — — 16.6 1.960 1.750 — — 0820EA FBMKLCI-EA 1.925 — — — — 1.71 3.2 1.775 1.685 — — 0828EA GOLDETF 1.700 — — — — — 41.8 1.100 0.940 1.070 1.070 0826EA METFAPA 1.070 -0.005 2 1.070 — — 20.3 0.937 0.818 — — 0825EA METFSID 0.834 — — — — 1.81 74.2 1.025 0.950 0.986 0.986 0827EA METFUS50 0.986 0.001 0.2 0.986 — — 12.2 1.250 1.060 — — 0821EA MYETFDJ 1.200 — — — — 1.99 331.1 1.190 1.050 1.130 1.130 0824EA MYETFID 1.130 UNCH 68 1.130 — 2.49 57.9REITS 0.912 0.700 — — 4952 AHP 0.730 — — — 9.23 7.12 160.6 1.502 1.080 1.250 1.220 5116 ALAQAR 1.220 -0.030 24.2 1.236 10.49 6.31 888.4 1.003 0.840 0.850 0.850 5269 ALSREIT 0.850 UNCH 44.1 0.850 12.14 7.06 493.0 0.713 0.571 0.600 0.595 5120 AMFIRST 0.595 UNCH 133.2 0.599 35.84 7.06 408.4 0.933 0.825 0.840 0.840 5127 ARREIT 0.840 UNCH 4 0.840 6.49 6.52 481.5 1.146 1.041 1.090 1.070 5130 ATRIUM 1.070 -0.010 5.6 1.081 7.12 7.06 130.3 1.621 1.173 1.500 1.490 5106 AXREIT 1.490 UNCH 361.6 1.494 14.42 4.89 1,836.2 1.762 0.980 1.170 1.140 5180 CMMT 1.170 0.020 1079.8 1.159 14.96 7.03 2,387.5 1.402 1.103 1.240 1.210 5121 HEKTAR 1.240 0.020 308.1 1.221 16.21 7.74 572.8 1.710 1.432 1.650 1.630 5227 IGBREIT 1.650 0.010 4243.8 1.645 16.55 5.80 5,815.6 0.889 0.667 0.780 0.780 5280 KIPREIT 0.780 UNCH 37 0.780 11.47 7.68 394.1 8.517 6.770 7.820 7.700 5235SS KLCC 7.780 0.090 604.5 7.799 15.93 4.66 14,045.5 1.267 0.995 1.110 1.090 5123 MQREIT 1.110 0.020 88.8 1.096 17.48 7.56 1,189.7 1.711 1.320 1.460 1.440 5212 PAVREIT 1.460 0.010 2757.1 1.448 17.14 5.64 4,430.4 1.835 1.454 1.760 1.730 5176 SUNREIT 1.740 UNCH 4866.2 1.742 11.68 5.57 5,124.4 1.199 0.990 1.010 1.000 5111 TWRREIT 1.000 UNCH 11.1 1.001 15.90 6.00 280.5 1.684 1.330 — — 5110 UOAREIT 1.410 — — — 15.75 6.06 596.2 1.258 1.070 1.120 1.100 5109 YTLREIT 1.120 UNCH 953.1 1.112 15.80 6.90 1,908.9SPAC 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.450 0.470 0.470 5270 RSENA 0.470 UNCH 552.2 0.470 — — 470.0 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1

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


CONSUMER PRODUCTS 0.280 0.190 0.230 0.225 0179 BIOHLDG 0.225 -0.005 432.5 0.226 22.73 0.44 182.1 0.260 0.090 0.100 0.090 0170 KANGER 0.095 -0.005 398.9 0.094 10.33 — 76.4 0.285 0.140 — — 0182 LKL 0.145 — — — 96.67 2.41 62.2 0.410 0.200 0.260 0.250 0148 SUNZEN 0.260 -0.010 131.1 0.252 36.11 1.15 125.5 0.320 0.200 — — 0197 WEGMANS 0.260 — — — 7.16 1.92 130.0 0.085 0.030 0.050 0.045 0095 XINGHE 0.050 -0.005 2112 0.050 — — 128.7INDUSTRIAL PRODUCTS 0.188 0.085 0.095 0.090 0105 ASIAPLY 0.095 -0.005 1187 0.090 55.88 5.26 41.6 0.130 0.065 — — 0072 AT 0.080 — — — — — 33.8 0.445 0.220 0.240 0.235 0163 CAREPLS 0.235 -0.005 120 0.240 — — 119.0 0.325 0.150 0.160 0.155 0102 CONNECT 0.155 Unch 127 0.160 43.06 — 51.0 0.433 0.240 0.350 0.350 0190 ESAFE 0.350 -0.025 1 0.350 140.00 — 84.2 0.432 0.160 0.210 0.200 0100 ESCERAM 0.200 -0.005 65.5 0.201 19.05 3.00 41.1 0.370 0.195 0.215 0.210 0175 HHGROUP 0.210 Unch 217.4 0.210 175.00 — 64.8 0.135 0.085 0.095 0.095 0160 HHHCORP 0.095 Unch 163 0.095 41.30 — 31.7 0.355 0.220 0.255 0.250 0188 HLT 0.255 Unch 111.5 0.255 — — 130.6 0.555 0.245 0.325 0.310 0162 IJACOBS 0.320 Unch 551.2 0.315 46.38 — 44.2 0.149 0.065 0.080 0.075 0024 JAG 0.075 Unch 264 0.079 11.54 2.53 103.3 0.250 0.140 0.155 0.145 0025 LNGRES 0.145 -0.005 377 0.153 58.00 — 35.1 0.115 0.045 0.060 0.055 0070 MQTECH 0.060 Unch 1.1 0.060 — — 24.9 0.848 0.430 0.570 0.550 0049 OCNCASH 0.555 -0.015 95 0.556 12.61 1.44 123.8 0.545 0.210 0.210 0.210 0038 PTB 0.210 -0.010 17 0.210 — — 31.6 0.175 0.080 0.100 0.095 0133 SANICHI 0.095 -0.005 168.1 0.095 — — 35.2 0.060 0.025 0.030 0.030 0109 SCBUILD 0.030 Unch 200 0.030 25.00 — 26.5 0.460 0.155 0.385 0.370 0001 SCOMNET 0.380 Unch 455.6 0.378 35.85 — 244.3 0.284 0.130 0.150 0.150 0028 SCOPE 0.150 Unch 10 0.150 25.00 3.33 84.1 0.210 0.115 0.120 0.120 0055 SERSOL 0.120 Unch 374 0.120 92.31 — 25.8 0.875 0.260 0.430 0.400 0084 TECFAST 0.400 -0.025 441.4 0.413 25.48 2.20 91.3TECHNOLOGY 0.597 0.263 0.345 0.340 0181 AEMULUS 0.340 -0.010 713.9 0.343 25.56 — 186.5 0.430 0.185 0.210 0.205 0119 APPASIA 0.205 -0.005 259.4 0.207 — — 70.8 0.535 0.120 0.300 0.235 0068 ASDION 0.245 -0.040 5045.7 0.253 — — 28.5 1.450 0.580 1.270 1.220 0098 BAHVEST 1.240 -0.020 1178.6 1.241 — — 754.3 0.644 0.355 0.440 0.425 0195 BINACOM 0.425 0.005 363.6 0.431 — 1.18 110.5 0.751 0.546 0.595 0.585 0191 CABNET 0.585 0.005 25.5 0.591 13.06 2.22 76.1 0.250 0.040 0.110 0.110 0152 DGB 0.110 Unch 1091 0.110 — — 83.2 0.160 0.030 0.080 0.070 0131 DGSB 0.070 -0.005 3453.6 0.075 — — 94.9 0.058 0.030 0.035 0.035 0154 EAH 0.035 0.005 810 0.035 87.50 — 177.5 0.215 0.050 0.105 0.075 0107 EDUSPEC 0.075 -0.025 41025.5 0.084 — — 75.1 0.310 0.120 0.140 0.120 0116 FOCUS 0.140 0.005 569.1 0.129 53.85 — 285.8 1.750 0.820 1.400 1.320 0104 GENETEC 1.400 0.100 130.6 1.376 31.60 — 55.3 0.090 0.035 0.085 0.075 0045 GNB 0.080 0.005 17041.3 0.081 — — 23.1 0.195 0.135 — — 0074 GOCEAN 0.135 — — — — — 39.1 0.100 0.040 — — 0174 IDMENSN 0.040 — — — — — 21.8 0.435 0.250 0.295 0.290 0023 IFCAMSC 0.290 -0.005 795 0.293 18.35 1.72 176.4 0.145 0.060 0.070 0.065 0094 INIX 0.065 -0.005 410.4 0.065 — — 16.6 0.245 0.115 0.135 0.125 0010 IRIS 0.125 -0.005 13622.6 0.130 — — 309.0 1.450 0.590 0.665 0.665 0146 JFTECH 0.665 Unch 23 0.665 18.37 1.80 139.6 1.694 0.700 1.050 1.010 0127 JHM 1.010 -0.030 2970.8 1.024 19.96 0.74 563.2 0.245 0.130 0.170 0.160 0111 K1 0.160 -0.005 676.5 0.162 — — 83.1 0.265 0.065 0.075 0.070 0036 KGROUP 0.070 Unch 780 0.070 — — 32.9 1.280 0.430 0.690 0.665 0176 KRONO 0.670 -0.015 1122 0.672 15.12 — 242.9 0.395 0.140 0.155 0.150 0018 LAMBO 0.155 -0.005 227.3 0.150 20.13 — 323.9 0.180 0.070 0.085 0.080 0017 M3TECH 0.080 -0.005 535.3 0.081 — — 46.9 0.690 0.230 0.400 0.380 0075 MEXTER 0.400 0.010 84.1 0.383 — — 104.1 0.520 0.235 — — 0155 MGRC 0.270 — — — — — 27.9 1.160 0.380 0.485 0.485 0126 MICROLN 0.485 0.005 180 0.485 11.58 — 81.2 0.574 0.295 0.340 0.335 0112 MIKROMB 0.340 0.005 207.1 0.338 16.50 4.41 146.5 0.465 0.050 0.055 0.055 0085 MLAB 0.055 -0.005 452.3 0.055 — — 36.9 0.275 0.160 0.235 0.230 0034 MMAG 0.230 -0.005 647 0.233 — — 106.6 1.986 1.017 1.450 1.420 0113 MMSV 1.430 -0.040 201.8 1.437 10.93 1.40 233.1 0.130 0.055 0.070 0.065 0103 MNC 0.065 Unch 3851 0.065 — — 31.1 0.295 0.160 0.180 0.175 0156 MPAY 0.175 -0.005 815.9 0.180 — — 124.3 0.684 0.105 0.125 0.115 0092 MTOUCHE 0.125 Unch 2.5 0.115 18.12 — 63.6 1.110 0.670 1.050 1.020 0108 N2N 1.030 -0.020 835.8 1.039 20.20 2.91 562.2 0.080 0.025 0.035 0.025 0020 NETX 0.030 Unch 138874.9 0.030 23.08 — 80.5 0.070 0.030 0.045 0.035 0096 NEXGRAM 0.040 Unch 104331.4 0.040 — — 78.0 0.150 0.070 0.110 0.105 0026 NOVAMSC 0.110 0.005 1369.2 0.105 — — 75.2 1.170 0.325 0.885 0.820 0035 OPCOM 0.825 -0.045 8197.9 0.852 64.96 4.85 133.0 0.368 0.260 0.280 0.270 0040 OPENSYS 0.275 -0.005 386.7 0.277 12.17 3.64 81.9 0.380 0.075 0.090 0.085 0079 ORION 0.085 -0.005 2775.9 0.085 — — 50.9 0.200 0.095 0.105 0.100 0123 PRIVA 0.105 Unch 595.3 0.101 — — 58.6 0.944 0.620 0.680 0.680 0106 REXIT 0.680 -0.010 5.7 0.680 15.56 4.41 128.7 0.430 0.230 0.260 0.240 0178 SEDANIA 0.260 0.005 120.8 0.244 47.27 3.85 58.7 0.140 0.065 0.070 0.070 0060 SKH 0.070 Unch 2802.6 0.070 — — 42.7 0.280 0.105 0.140 0.125 0169 SMTRACK 0.130 -0.005 3020.9 0.131 — — 18.7 0.334 0.140 0.180 0.180 0093 SOLUTN 0.180 Unch 25.5 0.180 6.90 5.56 55.2 0.285 0.120 0.245 0.230 0129 SRIDGE 0.240 0.005 6967.6 0.240 — — 29.0 0.470 0.205 0.265 0.255 0050 SYSTECH 0.265 -0.005 112.9 0.263 57.61 1.13 92.1 0.175 0.115 0.120 0.120 0132 TDEX 0.120 Unch 671.5 0.120 100.00 — 65.2 0.580 0.055 0.265 0.245 0005 UCREST 0.250 -0.010 8965.3 0.254 8.17 — 116.0 0.965 0.290 0.400 0.395 0120 VIS 0.395 -0.010 60.3 0.399 11.03 0.84 66.6 0.160 0.060 0.065 0.060 0069 VIVOCOM 0.060 -0.005 1443.8 0.061 13.33 — 203.9 0.155 0.090 0.130 0.105 0066 VSOLAR 0.130 0.025 326 0.119 — — 50.2 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.275 0.120 0.160 0.150 0086 YGL 0.150 -0.010 103 0.150 — — 34.8TRADING SERVICES 0.300 0.210 0.250 0.225 0122 AIM 0.250 0.030 144.1 0.225 — — 66.5 0.165 0.085 — — 0048 ANCOMLB 0.085 — — — — — 40.2 0.225 0.140 0.160 0.150 0187 BCMALL 0.150 -0.010 37.3 0.150 11.54 — 63.2 0.364 0.215 0.250 0.250 0011 BTECH 0.250 Unch 27 0.250 15.82 6.40 63.0 0.235 0.085 0.095 0.085 0150 FINTEC 0.095 0.005 17206.1 0.094 0.41 — 54.6 0.290 0.150 — — 0157 FOCUSP 0.170 — — — — — 28.1 0.739 0.430 0.550 0.535 0039 GFM 0.535 -0.010 326.8 0.543 22.48 1.72 229.0 0.880 0.570 — — 0147 INNITY 0.720 — — — 82.76 — 99.7 0.324 0.200 0.275 0.265 0193 KAB 0.270 0.005 2794.2 0.271 9.85 3.70 86.4 0.280 0.130 0.155 0.150 0180 KTC 0.150 Unch 1130 0.150 750.00 — 76.5 0.350 0.130 — — 0167 MCLEAN 0.140 — — — — — 25.0 0.430 0.155 0.230 0.220 0081 MEGASUN 0.220 -0.020 50.2 0.223 12.72 — 48.3 0.225 0.150 — — 0153 OVERSEA 0.160 — — — — — 39.4 0.310 0.120 0.140 0.135 0022 PARLO 0.140 0.005 301 0.135 0.92 — 51.0 0.200 0.115 0.125 0.125 0177 PASUKGB 0.125 0.010 75.3 0.125 125.00 — 101.4 0.480 0.280 — — 0006 PINEAPP 0.470 — — — 64.38 — 22.8 0.364 0.235 0.300 0.300 0171 PLABS 0.300 0.015 14 0.300 15.71 2.00 64.4 0.350 0.235 0.260 0.255 0186 PTRANS 0.260 0.005 3025.4 0.256 11.26 3.27 329.5 0.355 0.095 0.215 0.205 0007 PUC 0.205 -0.010 7887 0.210 — — 313.1 0.245 0.165 0.185 0.180 0196 QES 0.185 0.005 482 0.181 7.46 — 140.3 0.530 0.210 0.250 0.230 0032 REDTONE 0.245 -0.005 767.2 0.239 — — 185.8 0.635 0.230 0.280 0.240 0173 REV 0.245 -0.035 141 0.269 0.58 — 33.0 0.698 0.452 0.550 0.500 0158 SCC 0.500 -0.025 49 0.518 11.68 6.24 70.6 0.265 0.170 0.185 0.180 0161 SCH 0.185 0.005 353.7 0.180 34.26 — 76.3 0.265 0.135 0.150 0.145 0117 SMRT 0.145 -0.010 648 0.148 0.64 — 58.6 0.315 0.140 0.260 0.235 0140 STERPRO 0.260 0.005 0.6 0.239 — — 83.5 0.300 0.134 0.260 0.255 0080 STRAITS 0.255 -0.010 69.5 0.256 24.76 — 93.8 0.907 0.630 — — 0089 TEXCYCL 0.700 — — — 13.83 0.57 179.3 0.230 0.125 0.145 0.135 0145 TFP 0.135 -0.015 670.6 0.138 — — 27.7 0.575 0.440 0.530 0.510 0199 TRIMODE 0.510 -0.025 308 0.519 14.13 — 84.7 0.135 0.070 0.080 0.075 0165 XOX 0.075 -0.005 1062 0.075 9.87 — 74.5FINANCE 0.888 0.492 0.560 0.555 0053 OSKVI 0.560 Unch 50.1 0.560 3.54 8.93 110.7

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

WEDNESDAY MAY 23, 2018 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.195 0.030 0.030 0.030 70314 A50CHIN-C14 0.030 -0.005 50 2.947 10.40 254.46 27/09/2018 0.340 0.070 0.090 0.090 70316 A50CHIN-C16 0.090 -0.010 34 7.546 9.386 26.17 27/09/2018 0.145 0.020 0.030 0.020 523811 AAX-C11 0.025 0.005 1230.1 0.380 0.380 6.58 21/06/2018 0.100 0.045 0.045 0.045 523814 AAX-C14 0.045 Unch 15 0.380 0.450 32.63 31/10/2018 0.070 0.035 0.035 0.035 523815 AAX-C15 0.035 Unch 150 0.380 0.450 27.63 12/09/2018 0.085 0.060 0.070 0.070 523816 AAX-C16 0.070 Unch 300 0.380 0.350 16.05 31/10/2018 0.080 0.060 0.060 0.060 523817 AAX-C17 0.060 Unch 150 0.380 0.335 11.84 18/10/2018 0.310 0.145 0.155 0.155 5238WA AAX-WA 0.155 Unch 428 0.380 0.460 61.84 08/06/2020 0.105 0.035 0.050 0.050 7146WA AEM-WA 0.050 0.005 100 0.170 0.250 76.47 17/12/2019 0.255 0.230 0.240 0.230 6599CL AEON-CL 0.230 -0.025 450 2.370 2.180 16.24 22/11/2018 0.200 0.095 0.105 0.105 509959 AIRASIAC59 0.105 Unch 500 3.280 5.200 68.14 30/04/2019 0.235 0.095 0.105 0.105 509960 AIRASIAC60 0.105 -0.005 340 3.280 4.300 40.70 31/12/2018 0.310 0.120 0.145 0.140 509961 AIRASIAC61 0.140 -0.005 2318.8 3.280 3.600 22.56 31/10/2018 0.130 0.080 0.100 0.090 509962 AIRASIAC62 0.090 -0.005 190.2 3.280 3.750 28.05 31/01/2019 0.140 0.060 0.105 0.105 5014CZ AIRPORT-CZ 0.105 0.005 30 8.920 9.000 8.55 31/01/2019 0.385 0.105 0.135 0.125 7609WA AJIYA-WA 0.135 -0.005 105 0.580 0.920 81.90 28/08/2021 0.050 0.040 0.050 0.045 9954WB AKNIGHT-WB 0.045 0.005 1714.5 0.100 0.100 45.00 14/05/2023 0.120 0.010 0.010 0.010 1015C4 AMBANK-C4 0.010 Unch 600 3.590 4.580 29.25 31/07/2018 0.095 0.010 0.015 0.015 1015C7 AMBANK-C7 0.015 Unch 475.5 3.590 5.000 40.32 30/11/2018 0.150 0.075 0.095 0.085 1015C9 AMBANK-C9 0.095 0.005 425.9 3.590 3.900 16.57 18/10/2018 0.170 0.020 0.025 0.025 6556CL ANNJOO-CL 0.025 -0.005 375 2.690 4.000 50.56 31/10/2018 0.210 0.085 0.100 0.085 521030 ARMADA-C30 0.085 -0.010 125 0.820 0.750 1.83 29/06/2018 0.120 0.035 0.045 0.040 521033 ARMADA-C33 0.040 -0.005 1191.9 0.820 0.800 6.34 24/07/2018 0.140 0.060 0.075 0.070 521035 ARMADA-C35 0.070 Unch 900 0.820 0.850 13.05 31/07/2018 0.135 0.050 0.065 0.065 521037 ARMADA-C37 0.065 Unch 225 0.820 0.900 17.68 30/11/2018 0.145 0.080 0.105 0.105 521039 ARMADA-C39 0.105 0.005 20 0.820 0.880 20.12 31/01/2019 0.170 0.020 0.060 0.040 0068WB ASDION-WB 0.045 -0.010 3502.1 0.245 0.500 122.45 24/03/2019 0.664 0.120 0.250 0.180 7099WB ATTA-WB 0.190 -0.060 82 0.870 0.870 21.84 09/05/2022 0.125 0.015 0.035 0.035 688823 AXIATA-C23 0.035 0.005 776.7 5.070 6.000 19.72 30/11/2018 0.065 0.040 0.050 0.050 688824 AXIATA-C24 0.050 -0.005 900 5.070 5.800 19.33 25/10/2018 0.665 0.110 0.225 0.210 7078WA AZRB-WA 0.215 0.010 153.6 0.410 0.700 123.17 13/05/2024 1.110 0.180 0.940 0.910 0098WA BAHVEST-WA 0.925 -0.005 490 1.240 0.870 44.76 20/08/2024 0.043 0.003 0.030 0.015 4162CJ BAT-CJ 0.030 Unch 182.1 34.160 43.500 29.54 31/07/2018 0.310 0.300 0.310 0.300 4162CK BAT-CK 0.310 Unch 78.8 34.160 30.000 15.05 30/11/2018 0.270 0.050 0.175 0.155 5248CT BAUTO-CT 0.155 0.020 28 2.290 2.100 1.86 31/07/2018 0.095 0.060 0.080 0.070 5248CU BAUTO-CU 0.075 0.015 163 2.290 2.280 9.39 28/09/2018 0.090 0.050 0.070 0.065 5248CV BAUTO-CV 0.065 0.005 120.8 2.290 2.300 8.95 03/09/2018 0.410 0.205 0.220 0.220 5258WA BIMB-WA 0.220 -0.005 40.8 3.820 4.720 29.32 04/12/2023 0.095 0.010 0.025 0.020 3395C5 BJCORP-C5 0.020 Unch 785.3 0.320 0.350 15.63 24/07/2018 0.065 0.005 0.020 0.015 3395C7 BJCORP-C7 0.015 -0.005 1580.7 0.320 0.385 25.00 24/08/2018 0.110 0.090 0.100 0.090 3395C9 BJCORP-C9 0.090 -0.015 1720 0.320 0.280 15.63 22/11/2018 0.130 0.065 0.080 0.080 3395WB BJCORP-WB 0.080 -0.005 613 0.320 1.000 237.50 22/04/2022 0.155 0.080 0.110 0.110 3395WC BJCORP-WC 0.110 0.005 509.4 0.320 1.000 246.88 29/05/2026 0.065 0.020 0.040 0.035 7036WC BORNOIL-WC 0.040 Unch 4907.2 0.080 0.070 37.50 08/11/2025 0.135 0.015 0.030 0.030 9938WB BRIGHT-WB 0.030 -0.020 30 0.195 0.650 248.72 12/01/2019 0.355 0.055 0.305 0.300 181814 BURSA-C14 0.300 -0.025 262.5 7.990 6.667 -1.54 29/06/2018 0.235 0.090 0.205 0.185 181816 BURSA-C16 0.205 -0.005 114.2 7.990 7.867 8.72 28/09/2018 0.920 0.620 0.830 0.800 7174WA CAB-WA 0.825 0.025 340.1 1.000 0.170 -0.50 08/02/2020 0.790 0.470 0.540 0.470 7154WA CAELY-WA 0.495 -0.030 364.5 0.890 0.380 -1.69 22/04/2021 0.185 0.050 0.090 0.080 102329 CIMB-C29 0.080 -0.005 586.2 6.650 6.380 5.56 31/07/2018 0.190 0.065 0.090 0.085 102331 CIMB-C31 0.085 -0.005 700 6.650 7.000 12.93 21/09/2018 0.195 0.105 0.145 0.135 102333 CIMB-C33 0.140 0.005 1340.1 6.650 6.800 14.89 31/10/2018 0.175 0.070 0.095 0.090 102335 CIMB-C35 0.095 Unch 600.9 6.650 7.880 25.64 22/10/2018 0.205 0.010 0.025 0.015 285210 CMSB-C10 0.020 0.005 1163.3 2.060 3.800 88.83 21/09/2018 0.115 0.010 0.020 0.015 285212 CMSB-C12 0.015 0.005 146.5 2.060 4.500 121.72 25/10/2018 0.215 0.005 0.015 0.005 2852C9 CMSB-C9 0.010 Unch 740.6 2.060 3.800 86.41 30/08/2018 0.025 0.010 0.015 0.010 7179WB DBE-WB 0.015 Unch 101.5 0.035 0.050 85.71 22/01/2022 0.220 0.060 0.100 0.080 3484WA DBHD-WA 0.080 -0.020 12.5 0.470 0.580 40.43 27/11/2020 0.395 0.135 0.395 0.365 727724 DIALOG-C24 0.365 -0.010 200 3.480 2.400 0.43 23/08/2018 0.320 0.060 0.320 0.315 727725 DIALOG-C25 0.315 0.035 74.8 3.480 2.900 3.25 31/07/2018 0.285 0.115 0.285 0.260 727726 DIALOG-C26 0.265 -0.010 103.2 3.480 2.780 2.73 28/09/2018 0.305 0.055 0.305 0.270 727727 DIALOG-C27 0.275 -0.005 277.5 3.480 2.850 1.65 17/08/2018 0.605 0.215 0.605 0.530 727728 DIALOG-C28 0.550 -0.005 184.2 3.480 2.750 2.73 31/12/2018 0.320 0.165 0.320 0.310 727729 DIALOG-C29 0.315 -0.005 164 3.480 2.550 3.15 31/10/2018 0.250 0.235 0.250 0.235 727730 DIALOG-C30 0.240 Unch 44.6 3.480 3.300 15.52 30/11/2018 0.160 0.015 0.055 0.040 694721 DIGI-C21 0.040 -0.010 40 4.670 5.000 8.35 31/07/2018 0.135 0.040 0.055 0.055 0029WB DIGISTA-WB 0.055 Unch 50 0.095 0.260 231.58 04/04/2023 0.355 0.100 0.140 0.135 4456WD DNEX-WD 0.135 -0.010 1816.5 0.395 0.500 60.76 30/07/2021 0.280 0.080 0.140 0.135 7114WA DNONCE-WA 0.135 -0.005 80 0.330 0.250 16.67 25/11/2020 0.065 0.035 0.055 0.050 7198WB DPS-WB 0.055 Unch 351 0.090 0.100 72.22 15/01/2025 0.550 0.050 0.070 0.060 161942 DRBHCOMC42 0.060 Unch 801.1 1.750 1.650 1.14 31/05/2018 0.380 0.055 0.080 0.070 161946 DRBHCOMC46 0.070 Unch 854.9 1.750 1.650 6.29 27/07/2018 0.280 0.045 0.055 0.050 161947 DRBHCOMC47 0.055 0.005 1324 1.750 2.400 45.63 28/09/2018 0.300 0.040 0.045 0.040 161948 DRBHCOMC48 0.045 0.005 1903.1 1.750 2.200 34.71 21/09/2018 0.270 0.035 0.040 0.040 161951 DRBHCOMC51 0.040 -0.005 149.4 1.750 2.500 47.43 31/10/2018 0.250 0.020 0.020 0.020 161952 DRBHCOMC52 0.020 Unch 36 1.750 2.600 52.00 06/08/2018 0.200 0.025 0.025 0.025 161953 DRBHCOMC53 0.025 -0.010 44 1.750 2.500 48.57 28/09/2018 0.155 0.010 0.010 0.010 161954 DRBHCOMC54 0.010 Unch 330 1.750 3.100 79.14 13/08/2018 0.105 0.055 0.065 0.060 161956 DRBHCOMC56 0.060 -0.005 234.4 1.750 2.280 44.00 31/01/2019 0.105 0.025 0.060 0.055 5216C6 DSONIC-C6 0.060 0.010 180 0.970 1.100 28.87 31/10/2018 0.060 0.010 0.040 0.030 5216C7 DSONIC-C7 0.030 -0.005 300 0.970 1.250 35.05 12/09/2018 0.105 0.090 0.105 0.105 5216C8 DSONIC-C8 0.105 0.005 80 0.970 1.100 45.88 22/10/2018 0.125 0.090 0.115 0.110 5216C9 DSONIC-C9 0.115 0.005 420 0.970 0.900 16.49 31/10/2018 0.125 0.050 0.100 0.100 341712 E&O-C12 0.100 -0.005 155 1.600 1.550 9.37 23/08/2018 0.030 0.005 0.005 0.005 0154WB EAH-WB 0.005 Unch 80.9 0.035 0.090 171.43 24/02/2019 0.030 0.005 0.005 0.005 0154WC EAH-WC 0.005 Unch 94.8 0.035 0.070 114.29 18/06/2019 0.020 0.010 0.010 0.010 0154WE EAH-WE 0.010 Unch 177.4 0.035 0.035 28.57 22/04/2023 0.170 0.030 0.030 0.030 5253CK ECONBHD-CK 0.030 -0.005 200 0.665 1.050 66.02 31/10/2018 0.155 0.025 0.035 0.030 5253CM ECONBHD-CM 0.030 Unch 1400 0.665 1.000 58.50 18/10/2018 0.590 0.150 0.175 0.155 5253WA ECONBHD-WA 0.170 0.015 1420.1 0.665 1.250 113.53 02/01/2023 0.100 0.005 0.030 0.030 8206CK ECOWLD-CK 0.030 0.015 200 1.400 1.500 11.43 31/07/2018 0.035 0.005 0.015 0.010 8206CN ECOWLD-CN 0.010 0.005 139.3 1.400 1.650 19.29 25/06/2018 0.590 0.250 0.340 0.310 8206WA ECOWLD-WA 0.315 -0.020 13.4 1.400 2.080 71.07 26/03/2022 0.085 0.010 0.020 0.015 0107WA EDUSPEC-WA 0.015 -0.005 8835 0.075 0.180 160.00 24/12/2018 1.360 0.225 0.265 0.225 0065WA EFORCE-WA 0.235 -0.040 1831.3 0.510 0.340 12.75 17/07/2019 0.090 0.005 0.005 0.005 8877CG EKOVEST-CG 0.005 Unch 1000 0.630 1.100 76.83 24/07/2018 0.095 0.020 0.020 0.020 8877CL EKOVEST-CL 0.020 -0.005 50 0.630 0.980 63.49 25/10/2018 0.085 0.050 0.050 0.050 8877CN EKOVEST-CN 0.050 Unch 400 0.630 0.800 46.03 21/12/2018 0.980 0.260 0.280 0.270 8877WB EKOVEST-WB 0.270 Unch 217.9 0.630 0.480 19.05 25/06/2019 0.350 0.175 0.210 0.200 5283WA EWINT-WA 0.210 0.010 200.7 0.960 1.450 72.92 02/04/2022 0.180 0.155 0.175 0.160 3689CC F&N-CC 0.170 -0.010 248.4 36.960 33.00 7.68 31/01/2019 0.570 0.125 0.165 0.140 7047WB FAJAR-WB 0.165 0.035 2037 0.420 0.700 105.95 24/09/2019 0.275 0.030 0.205 0.205 06503K FBMKLCI-C3K 0.205 -0.015 20 1,845 1,750 0.41 29/06/2018 0.160 0.055 0.090 0.085 06503N FBMKLCI-C3N 0.085 -0.010 350 1,845 1,830 1.49 31/07/2018 0.150 0.055 0.085 0.080 06503O FBMKLCI-C3O 0.080 -0.015 178.6 1,845 1,850 2.44 30/08/2018 0.520 0.270 0.360 0.345 06503P FBMKLCI-C3P 0.345 -0.030 306.6 1,844 1,890 6.18 30/08/2018 0.185 0.055 0.105 0.100 06503R FBMKLCI-C3R 0.100 -0.005 500 1,845 1,875 4.34 28/09/2018 0.225 0.120 0.145 0.140 06503V FBMKLCI-C3V 0.145 -0.005 231 1,844 1,800 1.49 31/10/2018 0.140 0.100 0.125 0.125 06503W FBMKLCI-C3W 0.125 -0.005 33 1,845 1,928 10.60 31/01/2019 0.205 0.025 0.035 0.030 06504M FBMKLCI-H4M 0.030 -0.005 2921.3 1,391 1,750 26.87 29/06/2018 0.330 0.040 0.040 0.040 06504N FBMKLCI-H4N 0.040 -0.005 50 567.68 1,730 206.15 29/06/2018 0.215 0.060 0.075 0.065 06504P FBMKLCI-H4P 0.075 0.005 1283.9 1,845 1,830 1.22 31/07/2018 0.225 0.085 0.105 0.100 06504Q FBMKLCI-H4Q 0.105 Unch 1211.5 1,845 1,850 3.12 30/08/2018 0.395 0.215 0.235 0.230 06504R FBMKLCI-H4R 0.235 0.010 60 1,844 1,760 -2.06 30/08/2018 0.575 0.355 0.395 0.390 06504S FBMKLCI-H4S 0.390 0.015 80 1,845 1,840 3.96 30/08/2018 0.265 0.130 0.155 0.145 06504T FBMKLCI-H4T 0.155 0.005 711.4 1,844 1,875 5.83 28/09/2018 0.600 0.495 0.515 0.505 06504V FBMKLCI-H4V 0.515 0.010 128 1,844 1,800 3.15 31/10/2018 0.805 0.645 0.700 0.695 06504W FBMKLCI-H4W 0.700 0.025 320 1,844 1,880 9.49 31/10/2018 0.185 0.060 0.110 0.100 06504X FBMKLCI-H4X 0.110 0.010 294.3 1,845 1,800 0.54 31/10/2018 0.175 0.135 0.145 0.145 06504Y FBMKLCI-H4Y 0.145 0.005 612 1,844 1,888 8.62 31/01/2019 0.315 0.040 0.090 0.080 522239 FGV-C39 0.080 -0.010 771.3 1.800 1.750 5.00 31/07/2018 0.135 0.005 0.010 0.005 522240 FGV-C40 0.010 -0.005 686 1.800 2.200 23.50 29/06/2018 0.190 0.010 0.030 0.020 522241 FGV-C41 0.030 Unch 2535 1.800 2.000 14.78 25/06/2018 0.215 0.040 0.090 0.080 522242 FGV-C42 0.080 -0.010 4932.4 1.800 1.900 17.56 28/09/2018 0.185 0.035 0.060 0.060 522243 FGV-C43 0.060 Unch 200 1.800 2.000 19.44 21/09/2018 0.080 0.020 0.030 0.025 522246 FGV-C46 0.030 Unch 450.6 1.800 2.400 38.33 13/08/2018 0.145 0.030 0.060 0.060 522247 FGV-C47 0.060 -0.005 100 1.800 2.450 44.11 31/10/2018 0.145 0.035 0.070 0.065 522248 FGV-C48 0.070 Unch 71.7 1.800 2.100 24.44 30/11/2018 0.155 0.065 0.125 0.120 522249 FGV-C49 0.120 -0.005 275.1 1.800 1.650 11.67 31/10/2018 0.240 0.140 0.205 0.200 522250 FGV-C50 0.200 -0.010 243 1.800 1.400 11.11 21/12/2018 0.130 0.025 0.050 0.045 9318WB FITTERS-WB 0.050 Unch 480.1 0.390 1.000 169.23 12/10/2019 0.685 0.225 0.250 0.245 9261WB GADANG-WB 0.245 -0.005 281 0.765 1.060 70.59 29/11/2021 0.165 0.010 0.015 0.015 539842 GAMUDA-C42 0.015 Unch 3283.3 4.270 4.800 14.17 27/07/2018 0.210 0.005 0.015 0.005 539844 GAMUDA-C44 0.010 -0.005 221.4 2.847 5.000 76.85 25/06/2018 0.125 0.035 0.045 0.040 539845 GAMUDA-C45 0.040 0.005 60.4 4.270 5.150 26.23 30/11/2018 0.075 0.015 0.015 0.015 539846 GAMUDA-C46 0.015 -0.035 200 4.270 5.700 35.25 30/08/2018 0.225 0.035 0.055 0.040 539847 GAMUDA-C47 0.040 Unch 180 4.270 5.000 19.91 31/12/2018 0.075 0.040 0.050 0.040 539848 GAMUDA-C48 0.050 0.005 5020.7 4.270 5.300 31.15 31/01/2019 1.410 0.670 0.755 0.720 5398WE GAMUDA-WE 0.730 0.010 3663.6 4.270 4.050 11.94 06/03/2021 0.770 0.035 0.090 0.060 5226WA GBGAQRS-WA 0.090 0.005 9124 0.950 1.300 46.32 20/07/2018 0.075 0.005 0.010 0.005 0078CJ GDEX-CJ 0.010 -0.010 102 0.470 0.700 51.49 31/07/2018 0.085 0.010 0.010 0.010 0078CK GDEX-CK 0.010 -0.005 200 0.470 0.630 37.23 27/07/2018 0.540 0.230 0.260 0.250 0078WB GDEX-WB 0.255 0.025 47.2 0.470 0.383 35.64 05/02/2020 0.170 0.015 0.040 0.040 471529 GENM-C29 0.040 -0.010 95.5 5.100 5.500 10.98 31/07/2018 0.145 0.050 0.080 0.080 471536 GENM-C36 0.080 Unch 101 5.100 5.600 17.33 28/09/2018 0.135 0.010 0.015 0.010 318246 GENTINGC46 0.010 Unch 48.2 4.350 9.850 127.59 31/07/2018 0.130 0.040 0.045 0.045 318248 GENTINGC48 0.045 Unch 400 8.640 9.800 17.59 25/09/2018 0.175 0.110 0.150 0.150 318250 GENTINGC50 0.150 Unch 200 8.640 9.000 17.19 21/12/2018 1.950 0.735 0.945 0.895 3182WA GENTING-WA 0.910 -0.005 332.4 8.640 7.960 2.66 18/12/2018 0.210 0.005 0.005 0.005 3204CD GKENT-CD 0.005 Unch 30 1.610 3.700 131.06 31/05/2018 0.255 0.010 0.020 0.010 3204CE GKENT-CE 0.015 -0.005 4977.8 1.610 3.700 133.54 06/08/2018 0.045 0.030 0.035 0.030 3204CG GKENT-CG 0.030 -0.010 625 1.610 3.880 150.31 31/01/2019 0.180 0.045 0.060 0.050 1147WA GOB-WA 0.060 Unch 135.1 0.255 0.800 237.25 24/12/2019 0.075 0.020 0.025 0.020 0074WA GOCEAN-WA 0.020 -0.005 432.6 0.135 0.340 166.67 07/08/2019 0.055 0.025 0.030 0.030 7096WA GPA-WA 0.030 Unch 332.6 0.090 0.100 44.44 03/06/2025 0.145 0.005 0.020 0.020 7022CM GTRONIC-CM 0.020 Unch 25 5.150 6.600 31.46 24/07/2018 0.040 0.010 0.035 0.030 7022CN GTRONIC-CN 0.035 -0.005 820 5.150 6.200 25.83 28/09/2018 0.345 0.180 0.335 0.315 7022CO GTRONIC-CO 0.335 0.020 693.8 5.150 3.800 6.31 18/10/2018 0.205 0.110 0.205 0.195 7022CP GTRONIC-CP 0.200 0.010 143 5.150 5.300 25.44 16/11/2018 0.285 0.090 0.205 0.205 7668CA HAIO-CA 0.205 0.005 50 5.370 4.380 0.65 31/05/2018 0.165 0.055 0.135 0.135 3034CW HAPSENG-CW 0.135 0.005 30 9.780 10.000 6.39 30/11/2018 0.190 0.160 0.165 0.160 516810 HARTA-C10 0.160 Unch 495.4 6.110 6.000 19.15 31/01/2019

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


0.255 0.110 0.165 0.160 5168C6 HARTA-C6 0.165 0.005 355.2 6.110 6.000 11.70 24/08/2018 0.350 0.155 0.230 0.225 5168C7 HARTA-C7 0.230 Unch 23 6.110 5.525 6.42 06/08/2018 0.260 0.140 0.185 0.185 5168C8 HARTA-C8 0.185 Unch 470.7 6.110 6.500 23.04 31/10/2018 0.170 0.060 0.130 0.125 5168C9 HARTA-C9 0.125 0.005 165.2 6.110 6.000 11.50 30/11/2018 0.995 0.050 0.070 0.050 4324CH HENGYUAN-CH 0.060 -0.040 16936.6 7.140 8.000 22.13 29/06/2018 0.620 0.040 0.065 0.040 4324CI HENGYUAN-CI 0.040 -0.040 1875.3 7.140 7.880 21.57 29/06/2018 0.595 0.025 0.045 0.025 4324CJ HENGYUAN-CJ 0.035 -0.025 5229.2 7.140 8.580 29.97 29/06/2018 0.850 0.025 0.040 0.025 4324CK HENGYUAN-CK 0.025 -0.025 2162.1 7.140 10.500 53.36 24/07/2018 0.830 0.055 0.055 0.055 4324CL HENGYUAN-CL 0.055 -0.040 121 7.140 10.600 57.70 31/07/2018 0.670 0.005 0.015 0.005 4324CM HENGYUAN-CM 0.005 -0.010 13019.9 3.585 12.300 244.91 25/06/2018 0.290 0.005 0.030 0.015 4324CN HENGYUAN-CN 0.030 -0.015 233.4 7.140 24.000 241.60 28/09/2018 0.350 0.025 0.035 0.025 4324CO HENGYUAN-CO 0.025 -0.015 5080.6 7.140 18.000 158.40 31/10/2018 0.300 0.010 0.015 0.010 4324CP HENGYUAN-CP 0.010 -0.010 1767.9 7.140 18.880 167.07 06/08/2018 0.220 0.015 0.020 0.015 4324CQ HENGYUAN-CQ 0.015 -0.010 1921.9 7.140 16.880 142.72 28/09/2018 0.210 0.010 0.020 0.010 4324CR HENGYUAN-CR 0.015 -0.010 2206.9 7.140 19.080 172.48 28/09/2018 0.155 0.030 0.035 0.030 4324CT HENGYUAN-CT 0.030 -0.020 40 7.140 22.800 226.05 31/10/2018 0.120 0.020 0.020 0.020 4324CU HENGYUAN-CU 0.020 -0.005 1215 7.140 17.800 154.34 12/09/2018 0.225 0.090 0.135 0.105 4324CV HENGYUAN-CV 0.105 -0.055 3691.6 7.140 8.880 47.90 25/10/2018 0.215 0.105 0.120 0.105 4324CW HENGYUAN-CW 0.105 -0.050 9982.6 7.140 9.500 55.11 31/10/2018 0.155 0.140 0.155 0.140 4324CX HENGYUAN-CX 0.145 Unch 4452.6 7.140 8.880 60.92 30/11/2018 0.305 0.110 0.180 0.175 5072WB HIAPTEK-WB 0.180 Unch 732.4 0.400 0.500 70.00 23/06/2021 0.190 0.065 0.140 0.125 5199CA HIBISCS-CA 0.130 -0.005 808.4 0.990 1.000 27.27 30/11/2018 0.145 0.050 0.110 0.095 5199CB HIBISCS-CB 0.100 Unch 11.6 0.990 1.200 41.41 30/11/2018 0.135 0.025 0.060 0.050 5199CC HIBISCS-CC 0.050 -0.005 406 0.990 1.400 55.05 28/09/2018 0.070 0.025 0.045 0.045 5199CD HIBISCS-CD 0.045 -0.005 110 0.990 1.580 70.96 31/10/2018 0.120 0.060 0.120 0.110 5199CE HIBISCS-CE 0.110 -0.005 5042.2 0.990 0.950 23.74 28/09/2018 0.155 0.075 0.155 0.135 5199CG HIBISCS-CG 0.140 -0.010 28584.3 0.990 0.880 18.59 31/10/2018 0.140 0.115 0.140 0.125 5199CH HIBISCS-CH 0.130 -0.005 4700 0.990 0.860 19.70 22/11/2018 0.555 0.200 0.555 0.520 5199WC HIBISCS-WC 0.530 -0.005 31647.7 0.990 1.000 54.55 19/03/2021 0.345 0.090 0.105 0.105 5160WA HOMERIZ-WA 0.105 -0.010 95.9 0.640 0.920 60.16 09/07/2020 0.700 0.290 0.360 0.295 0185WA HSSEB-WA 0.305 -0.040 566.3 0.935 1.700 114.44 15/03/2023 0.055 0.010 0.015 0.010 7013WA HUBLINE-WA 0.010 -0.010 108.5 0.090 3.200 3,467.0 04/11/2019 0.200 0.045 0.060 0.055 4251WA IBHD-WA 0.055 -0.005 25 0.500 1.410 193.00 08/10/2019 0.300 0.110 0.115 0.110 9687WB IDEAL-WB 0.115 Unch 17.3 0.660 1.000 68.94 30/03/2021 0.250 0.070 0.250 0.185 5225C6 IHH-C6 0.225 0.095 1162.6 6.330 5.700 0.71 31/07/2018 0.105 0.005 0.010 0.010 333612 IJM-C12 0.010 0.005 131 2.060 3.100 51.94 27/07/2018 0.160 0.025 0.025 0.025 333613 IJM-C13 0.025 Unch 100 2.060 3.000 49.27 24/08/2018 0.165 0.045 0.055 0.055 333616 IJM-C16 0.055 0.010 1150 2.060 2.700 40.95 28/09/2018 0.110 0.015 0.020 0.015 333617 IJM-C17 0.020 0.005 816 2.060 3.200 58.25 22/10/2018 0.195 0.020 0.080 0.065 16611 INARI-C11 0.080 0.015 713.2 2.160 2.133 11.11 30/08/2018 0.100 0.015 0.070 0.060 16612 INARI-C12 0.070 0.005 1363.9 2.160 2.533 23.76 31/10/2018 0.125 0.055 0.125 0.120 16613 INARI-C13 0.125 0.015 506.1 2.160 2.333 23.46 22/10/2018 0.230 0.105 0.230 0.215 16614 INARI-C14 0.225 0.025 26.2 2.160 2.133 19.60 22/10/2018 0.045 0.015 0.030 0.025 16615 INARI-C15 0.025 Unch 2064.4 2.160 2.900 38.08 31/10/2018 0.205 0.120 0.205 0.190 16616 INARI-C16 0.200 0.015 2088.5 2.160 1.850 18.06 21/12/2018 0.235 0.195 0.235 0.225 16617 INARI-C17 0.235 0.025 300 2.160 2.000 19.79 22/11/2018 0.275 0.230 0.275 0.265 16618 INARI-C18 0.275 0.025 1354.5 2.160 1.800 15.16 22/11/2018 0.490 0.070 0.285 0.240 0166C9 INARI-C9 0.280 0.050 243.8 2.160 1.867 5.87 30/08/2018 2.000 0.867 1.640 1.570 0166WB INARI-WB 1.620 0.050 271 2.160 0.533 -0.31 17/02/2020 0.115 0.025 0.040 0.035 0094WA INIX-WA 0.035 -0.010 189.2 0.065 0.100 107.69 16/11/2020 0.545 0.185 0.245 0.230 3379WB INSAS-WB 0.240 0.005 304.4 0.875 1.000 41.71 25/02/2020 0.175 0.115 0.130 0.115 196117 IOICORP-C17 0.125 -0.010 151.6 4.760 4.783 7.65 24/08/2018 0.065 0.005 0.010 0.010 5249CR IOIPG-CR 0.010 -0.010 4170.1 1.610 2.000 26.09 23/08/2018 0.100 0.090 0.095 0.090 5249CS IOIPG-CS 0.090 -0.005 800 1.610 1.680 12.73 22/11/2018 0.210 0.070 0.095 0.080 8834WB IREKA-WB 0.095 -0.005 130.5 0.645 1.000 69.77 25/06/2019 0.105 0.020 0.035 0.030 7183WA IRETEX-WA 0.035 Unch 199.9 0.150 0.800 456.67 10/06/2019 0.059 0.015 0.020 0.020 0024WA JAG-WA 0.020 Unch 416.6 0.075 0.100 60.00 14/08/2019 0.045 0.015 0.025 0.025 0024WB JAG-WB 0.025 0.005 20 0.075 0.150 133.33 15/11/2020 0.040 0.015 0.030 0.025 3115WC KBUNAI-WC 0.025 Unch 787 0.080 0.131 95.00 20/10/2023 0.460 0.200 0.305 0.300 7161WB KERJAYA-WB 0.300 -0.005 136 1.630 1.600 16.56 28/02/2023 0.485 0.200 0.350 0.320 0151WA KGB-WA 0.320 0.020 218 0.770 0.500 6.49 12/06/2019 0.120 0.020 0.020 0.020 0036WB KGROUP-WB 0.020 Unch 50 0.070 0.200 214.29 01/05/2020 0.745 0.380 0.425 0.390 5171WA KIMLUN-WA 0.410 -0.030 55 1.850 1.680 12.97 12/03/2024 0.105 0.040 0.050 0.050 7164WB KNM-WB 0.050 0.005 18 0.200 1.000 425.00 21/04/2020 0.095 0.040 0.045 0.045 7017WB KOMARK-WB 0.045 Unch 20 0.195 0.230 41.03 21/01/2020 0.260 0.045 0.075 0.065 7153CW KOSSAN-CW 0.065 -0.010 549.2 7.050 8.000 19.47 24/08/2018 0.430 0.080 0.100 0.090 5878WB KPJ-WB 0.090 Unch 546.4 0.940 1.010 17.02 23/01/2019 0.085 0.030 0.040 0.035 5172WA KSTAR-WA 0.040 0.005 821.2 0.105 0.080 14.29 10/04/2021 0.344 0.080 0.090 0.080 0018WA LAMBO-WA 0.090 -0.005 12.6 0.155 0.100 22.58 18/01/2019 0.659 0.352 0.460 0.440 5789WA LBS-WA 0.460 0.015 36.2 0.925 0.460 -0.54 11/06/2018 0.560 0.240 0.430 0.400 5789WB LBS-WB 0.430 0.010 10.5 0.925 0.560 7.03 04/10/2020 0.095 0.035 0.045 0.035 5068WA LUSTER-WA 0.040 -0.010 894 0.105 0.100 33.33 03/06/2022 0.095 0.035 0.055 0.050 5068WB LUSTER-WB 0.055 Unch 171 0.105 0.100 47.62 26/05/2023 0.090 0.030 0.040 0.035 0017WA M3TECH-WA 0.040 Unch 2092.5 0.080 0.100 75.00 21/08/2019 0.255 0.075 0.255 0.245 3859C3 MAGNUM-C3 0.245 0.015 27.8 2.150 1.700 1.86 29/06/2018 0.075 0.005 0.005 0.005 858312 MAHSING-C12 0.005 Unch 571 0.560 1.550 178.57 31/07/2018 0.140 0.095 0.135 0.135 858316 MAHSING-C16 0.135 Unch 120 1.130 1.000 6.42 18/10/2018 0.150 0.030 0.090 0.080 8583WC MAHSING-WC 0.090 0.005 77.6 1.130 2.100 93.81 21/02/2020 0.100 0.020 0.025 0.025 5264C8 MALAKOF-C8 0.025 -0.005 503 0.895 1.000 14.53 31/10/2018 0.905 0.005 0.020 0.005 6181WB MALTON-WB 0.015 0.010 18909.4 0.590 1.000 72.03 29/06/2018 0.500 0.195 0.260 0.225 5236WA MATRIX-WA 0.260 0.030 184.5 1.930 2.400 37.82 20/07/2020 0.125 0.070 0.095 0.090 6012C6 MAXIS-C6 0.095 Unch 467.3 5.790 5.880 9.76 25/10/2018 0.615 0.125 0.600 0.585 115534 MAYBANKC34 0.585 Unch 299.6 10.880 9.250 -1.54 30/08/2018 0.355 0.130 0.345 0.340 115537 MAYBANKC37 0.340 Unch 440 10.880 10.300 7.17 28/09/2018 0.260 0.085 0.225 0.215 115538 MAYBANKC38 0.220 -0.005 1515.8 10.880 10.500 0.55 30/11/2018 0.135 0.090 0.125 0.125 115539 MAYBANKC39 0.125 Unch 75 10.880 11.500 10.87 31/10/2018 0.160 0.045 0.095 0.090 117110 MBSB-C10 0.095 0.010 848.7 1.190 1.300 17.23 30/11/2018 0.105 0.055 0.105 0.105 117112 MBSB-C12 0.105 0.005 100 1.190 1.000 10.50 31/10/2018 0.150 0.005 0.040 0.030 1171C4 MBSB-C4 0.040 Unch 959 1.190 1.250 8.40 29/06/2018 0.260 0.090 0.165 0.155 1171C7 MBSB-C7 0.155 Unch 437.1 1.190 1.100 5.46 28/09/2018 0.110 0.040 0.060 0.060 1171C8 MBSB-C8 0.060 Unch 30 1.190 1.200 10.92 31/07/2018 0.090 0.040 0.045 0.045 1171C9 MBSB-C9 0.045 -0.005 97.4 1.190 1.450 33.19 31/10/2018 0.070 0.025 0.025 0.025 5040WB MEDAINC-WB 0.025 Unch 15 0.355 0.900 160.56 22/04/2022 0.320 0.060 0.100 0.100 0081WA MEGASUN-WA 0.100 0.005 16 0.220 0.100 -9.09 29/04/2019 0.196 0.040 0.050 0.050 1694WB MENANG-WB 0.050 Unch 320 0.420 0.550 42.86 09/07/2019 0.310 0.070 0.085 0.085 7234WA MESB-WA 0.085 Unch 383 0.300 0.300 28.33 27/12/2022 2.330 1.600 1.790 1.790 3069WA MFCB-WA 1.790 Unch 50 3.620 2.220 10.77 08/04/2020 0.070 0.025 0.035 0.025 518611 MHB-C11 0.035 Unch 780.2 0.725 0.850 26.90 12/09/2018 0.275 0.040 0.065 0.040 5186C6 MHB-C6 0.050 -0.020 380 0.725 0.800 15.86 30/08/2018 0.120 0.010 0.020 0.010 5186C8 MHB-C8 0.015 -0.005 1700.1 0.725 0.920 31.03 24/08/2018 0.070 0.025 0.035 0.030 7219WA MINETEC-WA 0.035 0.005 1200.1 0.105 0.150 76.19 27/11/2019 0.240 0.090 0.130 0.125 5576WC MINHO-WC 0.125 -0.005 152.6 0.415 0.500 50.60 02/08/2021 0.250 0.045 0.070 0.045 381614 MISC-C14 0.055 -0.030 778.1 6.670 7.050 7.96 28/09/2018 0.080 0.015 0.020 0.015 381615 MISC-C15 0.015 -0.010 90 4.958 7.880 60.15 17/08/2018 0.200 0.105 0.145 0.135 381616 MISC-C16 0.140 -0.030 700.4 6.670 7.000 12.29 28/09/2018 0.200 0.085 0.110 0.085 381617 MISC-C17 0.105 -0.015 493.8 6.670 6.750 7.50 25/10/2018 0.497 0.115 0.125 0.125 9571WD MITRA-WD 0.125 Unch 34.9 0.570 0.940 86.84 23/08/2020 0.210 0.125 0.165 0.145 9571WE MITRA-WE 0.145 0.005 28.9 0.570 0.940 90.35 17/04/2023 0.070 0.015 0.020 0.020 0085WB MLAB-WB 0.020 Unch 399 0.055 0.150 209.09 10/09/2020 0.085 0.045 0.055 0.050 0034WB MMAG-WB 0.055 Unch 610 0.230 0.200 10.87 27/11/2022 0.130 0.060 0.100 0.100 219410 MMCCORPC10 0.100 -0.025 120 1.570 1.800 30.57 31/10/2018 0.265 0.010 0.025 0.020 2194C8 MMCCORP-C8 0.025 Unch 248.5 1.570 2.000 29.78 31/07/2018 0.075 0.010 0.015 0.015 2194C9 MMCCORP-C9 0.015 -0.010 150 1.570 2.100 36.15 13/08/2018 0.110 0.005 0.005 0.005 3867CH MPI-CH 0.005 Unch 60 4.310 13.500 214.73 29/06/2018 0.170 0.080 0.170 0.150 3867CI MPI-CI 0.170 0.060 1624.5 9.440 8.500 11.65 25/10/2018 0.155 0.155 0.155 0.155 3867CJ MPI-CJ 0.155 Unch 30 9.440 8.880 13.77 30/11/2018 0.285 0.005 0.010 0.005 165126 MRCB-C26 0.005 -0.005 357.3 0.368 1.056 188.41 29/06/2018 0.095 0.010 0.020 0.010 165129 MRCB-C29 0.015 -0.005 601 0.725 1.300 81.90 30/11/2018 0.075 0.015 0.020 0.015 165130 MRCB-C30 0.015 -0.005 7394 0.725 1.000 44.76 31/10/2018 0.075 0.035 0.045 0.040 165131 MRCB-C31 0.045 -0.005 202 0.725 1.000 50.34 31/01/2019 0.096 0.005 0.010 0.005 1651WA MRCB-WA 0.005 Unch 6412.7 0.365 1.680 361.64 14/09/2018 0.440 0.225 0.260 0.250 1651WB MRCB-WB 0.250 Unch 1410.2 0.725 1.250 106.90 29/10/2027 0.095 0.060 0.080 0.080 5703CI MUHIBAH-CI 0.080 Unch 100 3.020 3.300 18.54 28/09/2018 0.450 0.005 0.010 0.010 13825 MYEG-C25 0.010 -0.005 518.8 0.935 2.000 116.31 29/06/2018 0.420 0.030 0.030 0.030 13826 MYEG-C26 0.030 -0.005 1170.9 0.935 1.700 91.44 29/06/2018 0.235 0.005 0.010 0.005 13827 MYEG-C27 0.005 -0.005 110 0.935 2.300 147.59 24/07/2018 0.325 0.010 0.015 0.010 13828 MYEG-C28 0.015 Unch 2318.1 0.935 2.550 175.94 25/09/2018 0.470 0.020 0.035 0.020 13829 MYEG-C29 0.020 -0.010 207 0.935 2.200 139.04 28/09/2018 0.365 0.005 0.025 0.020 13830 MYEG-C30 0.025 Unch 2705.5 0.935 2.100 131.28 27/07/2018 0.300 0.010 0.020 0.015 13831 MYEG-C31 0.015 -0.010 48.1 0.935 2.500 171.39 28/09/2018 0.320 0.020 0.025 0.020 13833 MYEG-C33 0.020 -0.005 920.1 0.935 2.500 171.66 31/10/2018 0.215 0.010 0.010 0.010 13834 MYEG-C34 0.010 -0.005 1224.8 0.935 2.700 191.98 06/08/2018 0.125 0.005 0.015 0.015 13835 MYEG-C35 0.015 -0.005 1090.3 0.935 2.650 191.44 28/09/2018 0.160 0.010 0.015 0.010 13836 MYEG-C36 0.010 -0.010 1775 0.935 2.800 203.21 25/10/2018 0.095 0.010 0.025 0.020 13837 MYEG-C37 0.020 -0.005 1830 0.935 3.300 259.79 31/10/2018 0.040 0.020 0.030 0.025 13838 MYEG-C38 0.030 Unch 25 0.935 2.880 220.86 31/01/2019 0.240 0.065 0.175 0.150 4707CA NESTLE-CA 0.175 0.040 2555.8 149.10 160.00 13.18 31/12/2018 0.040 0.010 0.015 0.010 0020WB NETX-WB 0.015 0.005 840.2 0.030 0.050 116.67 08/06/2019 0.030 0.015 0.020 0.020 0096WC NEXGRAM-WC 0.020 Unch 121.9 0.040 0.100 200.00 15/01/2024 0.200 0.055 0.060 0.060 7071WC OCR-WC 0.060 -0.015 168.9 0.420 0.500 33.33 24/07/2021 0.095 0.040 0.050 0.045 0079WA ORION-WA 0.045 -0.005 299 0.085 0.170 152.94 26/07/2022 0.115 0.045 0.115 0.115 7052CS PADINI-CS 0.115 0.005 20 5.350 5.600 17.57 31/10/2018 0.270 0.120 0.195 0.180 5125WA PANTECH-WA 0.190 -0.005 374.1 0.640 0.500 7.81 21/12/2020 0.285 0.135 0.210 0.185 5125WB PANTECH-WB 0.185 -0.015 236 0.640 0.500 7.03 21/12/2021 0.205 0.060 0.070 0.070 5022WA PAOS-WA 0.070 -0.010 20 0.405 0.500 40.74 14/12/2021 0.095 0.020 0.045 0.040 7225WB PA-WB 0.045 0.005 797.8 0.065 0.060 61.54 17/12/2022 0.320 0.170 0.270 0.270 129519 PBBANK-C19 0.270 0.015 701 25.200 23.500 3.97 12/09/2018 0.255 0.115 0.230 0.210 129520 PBBANK-C20 0.210 -0.020 46 25.200 25.000 5.87 28/09/2018 0.460 0.160 0.415 0.385 129521 PBBANK-C21 0.405 0.005 753.6 25.200 23.000 1.72 31/12/2018 0.305 0.295 0.305 0.295 129522 PBBANK-C22 0.300 Unch 134.2 25.200 25.880 11.03 30/11/2018 0.150 0.010 0.075 0.070 6068WA PCCS-WA 0.075 Unch 11.2 0.245 0.600 175.51 25/12/2022 0.310 0.140 0.275 0.245 518314 PCHEM-C14 0.250 -0.040 134 8.430 7.300 1.42 29/06/2018 0.190 0.140 0.155 0.145 518316 PCHEM-C16 0.145 -0.030 600 8.430 8.200 5.87 25/07/2018 0.140 0.100 0.110 0.105 518317 PCHEM-C17 0.105 -0.020 700 8.430 8.800 11.24 24/08/2018 0.265 0.120 0.225 0.215 518318 PCHEM-C18 0.215 -0.025 65.4 8.430 8.000 3.83 30/11/2018 0.130 0.095 0.095 0.095 518319 PCHEM-C19 0.095 -0.015 520 8.430 9.300 16.52 28/09/2018 0.135 0.105 0.120 0.105 518320 PCHEM-C20 0.105 -0.020 67.8 8.430 8.400 9.61 31/01/2019 0.050 0.020 0.030 0.025 6254WB PDZ-WB 0.030 0.005 535 0.060 0.100 116.67 29/01/2023 0.440 0.085 0.090 0.085 8311WC PESONA-WC 0.090 -0.010 848.3 0.295 0.250 15.25 27/01/2020 0.210 0.040 0.045 0.040 5681CT PETDAG-CT 0.045 -0.035 30.4 26.000 26.000 2.08 11/06/2018 0.235 0.080 0.105 0.080 5681CU PETDAG-CU 0.105 -0.010 3504.3 25.999 26.800 7.93 24/08/2018 0.315 0.125 0.195 0.140 5681CV PETDAG-CV 0.170 -0.020 2454.4 26.000 24.750 3.04 31/12/2018 0.215 0.100 0.160 0.155 6033CQ PETGAS-CQ 0.160 Unch 294.6 17.980 17.000 5.23 24/08/2018 0.270 0.010 0.010 0.010 3042CH PETRONM-CH 0.010 -0.010 57 8.670 10.880 27.80 29/06/2018 0.455 0.015 0.020 0.020 3042CI PETRONM-CI 0.020 0.005 25 8.670 11.100 30.33 29/06/2018 0.305 0.010 0.015 0.015 3042CJ PETRONM-CJ 0.015 -0.005 39.3 8.670 13.000 52.54 24/07/2018 0.170 0.020 0.025 0.020 3042CM PETRONM-CM 0.020 -0.005 504 8.670 14.500 70.01 31/10/2018 0.130 0.015 0.020 0.020 3042CN PETRONM-CN 0.020 0.005 56 8.670 13.500 61.48 28/09/2018

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

WEDNESDAY MAY 23, 2018 • 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

Australia/New Zealand — Australian shares plunge to three-week low as banks weaken; NZ trades fl at

SYDNEY: Australian shares tumbled to a three-week low yesterday, led by bruised banks following admissions of misconduct by the country’s biggest lenders in a powerful Royal Commission inquiry into the scandal-hit sector. The S&P/ASX 200 Index fell 0.7% to 6,041.9 points at the close of trade. The benchmark slipped 2.9 points on Monday. James McGlew, executive director for corporate stockbroking at Perth-based Argonaut, said the market was being driven down by a broad-based sell-off. “The banks are all weak ... the Royal Commission is still weighing heavily on the market’s perceptions. It’s not only the perception of what has happened, but also the perception of what’s going to happen,” McGlew said. The country’s “big four” lenders all admitted on Monday to misconduct in their submissions at a third round of public hearings that focuses on loans to small businesses. Westpac Banking Corp admitted to signing a legally blind pensioner as guarantor without warning her of the risk of losing her home, while Australia and New Zealand Banking Group (ANZ) said it was aware that 47 fraudulent business loans had been extended last year. The news of the transgressions led to a sell-off in the

sector, with the fi nancial index falling as much as 0.7% to its lowest since April 27. ANZ Ltd declined 1.6% and was the biggest drag on the benchmark, while Westpac Banking Corp slid 0.8% to a near four-week low. Material stocks also accumulated losses, weakened by an extended fall in iron ore prices. BHP, the country’s biggest fi rm by market value, dipped 0.7%, while Rio Tinto Ltd dropped 0.5%. Healthcare stocks were also hurt, led lower by CSL Ltd, Australia’s fifth-biggest company by market value. The biotherapeutics company declined 0.96%, having gained nearly 6% in the past two days after announcing a second profit upgrade in three months last Friday. Bucking the wider trend, James Hardie Industries Plc, the world’s top fi bre cement building materials maker, climbed 4% after the company posted a 17% rise in annual adjusted net operating profi t, helped by higher unit prices and an uptick in house construction in the key US market. New Zealand’s benchmark S&P/NZX 50 Index fell 2.4 points to fi nish the session at 8,613.32. Consumer staples accounted for nearly half of the losses, with heavyweight a2 Milk Company Ltd dipping about 3%. However, the fall was capped by gains in healthcare stocks, with Fisher & Paykel Healthcare Corp Ltd rising 1.3% to a six-week high.

US — Wall Street rises on trade war truce; industrials lead

NEW YORK: US stocks rose on Monday and gains in industrials helped propel the Dow Jones Industrial Average to a more than two-month closing high, after a truce between the US and China calmed fears that a trade war might be imminent. US Treasury Secretary Steven Mnuchin’s comments over the weekend that the two countries had put the prospect of a trade war “on hold” and agreed to hold more talks to boost US exports to China boosted stocks at the opening, with the Dow leading the charge higher. Mnuchin said on Sunday the US and China had agreed to drop their tariff threats, and China on Monday praised a signifi cant dialing back of tensions. “The big news over the weekend was that a trade war was averted, and so we had an adjustment, covering bets that there would be negative news coming out of the discussion,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. “We’re seeing companies that do more of their business on an international basis do well.” The S&P industrial sector advanced 1.5%. Boeing Co, which sells about a fourth of its commercial aircraft to Chinese customers, jumped 3.6%. It was the biggest precentage gainer on the Dow and lifted the blue-chip index. The Russell 2000 Index rose 0.7% to hit

a record closing high for a fourth straight session, though the index of small-cap companies underperformed large caps. The Dow rose 298.2 points or 1.21% to 25,013.29; the S&P 500 Index gained 20.04 points or 0.74% to 2,733.01; and the Nasdaq Composite added 39.7 points or 0.54% to 7,394.04. General Electric advanced 1.9%. It confirmed on Monday it will merge its transportation business with rail equipment maker Wabtec, which jumped about 3.5%. Not all US business leaders welcomed the trade war truce, with some cautioning that Washington would find it tough to rebuild momentum to address what they see as troubling Chinese policies. Shares in AK Steel fell 5.1% and US Steel was down 3.8% following the weekend trade announcement. Micron Technology Inc rose 3.9%, the most on the S&P, after the chipmaker lifted its current-quarter forecast. The easing of the trade dispute also boosted chipmakers, whose major clients include Chinese fi rms, with the Philadelphia chip index gaining 1.1%. The technology sector rose 0.8%. Tesla jumped 2.8% on pricing of the Model 3’s fully loaded version and after brokerage Berenberg raised its already bullish price target. Regional lender MB Financial jumped 12.9% after agreeing to be bought for US$4.87 billion by Fifth Third Bancorp, which fell 7.9%. — Reuters

ASX 200Index points

4,686.53

Mar 1, 2010 May 22, 2018

6,041.90-42.60

(-0.70%)

3450.0

4162.5

4875.0

5587.5

6300.0

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 May 22, 2018

1900

2875

3850

4825

58003,214.35

+0.51(0.02%)

Dow JonesIndex points

10,403.79

Mar 1, 2010 May 21, 2018

25,013.29+298.20

(+1.21%)9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 May 21, 2018

3,572.57-1.19

(-0.03%)1960

2445

2930

3415

3900

Bursa Malaysia Equity Derivatives

0.255 0.150 0.195 0.185 3042CO PETRONM-CO 0.185 -0.025 295.7 8.670 7.000 12.75 18/10/2018 0.165 0.140 0.140 0.140 3042CP PETRONM-CP 0.140 -0.020 150 8.670 9.000 28.03 22/11/2018 0.125 0.125 0.125 0.125 3042CQ PETRONM-CQ 0.125 Unch 500.6 8.670 11.880 58.65 30/11/2018 0.515 0.080 0.220 0.220 8869C1 PMETAL-C1 0.220 0.020 500 4.720 3.800 -0.85 29/06/2018 0.275 0.175 0.195 0.190 886911 PMETAL-C11 0.195 0.010 300 4.720 4.500 15.17 31/10/2018 0.300 0.025 0.100 0.085 8869C6 PMETAL-C6 0.090 Unch 541.2 4.720 5.000 13.56 28/09/2018 0.225 0.030 0.045 0.045 8869C7 PMETAL-C7 0.045 Unch 351.3 4.720 6.300 37.29 28/09/2018 0.155 0.030 0.055 0.055 8869C8 PMETAL-C8 0.055 Unch 166 4.720 6.000 31.78 30/11/2018 1.020 0.300 0.460 0.450 7088WB POHUAT-WB 0.450 0.010 268.2 1.390 1.000 4.32 21/10/2020 0.120 0.005 0.005 0.005 463413 POS-C13 0.005 Unch 45 3.740 6.000 61.43 29/06/2018 0.120 0.005 0.005 0.005 463414 POS-C14 0.005 Unch 400 1.815 5.400 199.17 30/08/2018 0.080 0.005 0.010 0.010 463416 POS-C16 0.010 Unch 80 3.790 6.000 59.63 03/09/2018 0.210 0.135 0.205 0.205 463418 POS-C18 0.205 -0.005 70 3.790 3.480 13.46 25/10/2018 0.110 0.065 0.105 0.105 463419 POS-C19 0.105 -0.005 488.2 3.790 3.800 21.04 31/10/2018 0.220 0.110 0.115 0.110 5070WA PRTASCO-WA 0.115 Unch 263.4 0.625 0.750 38.40 25/04/2023 0.125 0.060 0.080 0.070 7145WA PSIPTEK-WA 0.080 0.010 931.4 0.140 0.100 28.57 16/11/2019 0.215 0.095 0.120 0.115 0186WA PTRANS-WA 0.120 Unch 331.3 0.260 0.235 36.54 19/09/2020 0.260 0.050 0.150 0.145 0007WA PUC-WA 0.150 Unch 530 0.205 0.100 21.95 25/12/2024 0.245 0.045 0.135 0.130 0007WB PUC-WB 0.130 -0.005 541.6 0.205 0.100 12.20 15/02/2019 0.335 0.005 0.070 0.055 6807WB PUNCAK-WB 0.055 Unch 109.4 0.590 1.000 78.81 20/07/2018 0.750 0.270 0.300 0.285 7134WA PWF-WA 0.300 0.005 30 0.870 0.620 5.75 20/07/2021 0.165 0.095 0.160 0.155 7084CK QL-CK 0.155 Unch 60 5.510 5.300 8.85 28/09/2018 0.145 0.065 0.085 0.080 5256WA REACH-WA 0.085 Unch 270.5 0.310 0.750 169.35 12/08/2022 0.240 0.065 0.155 0.150 1066C3 RHBBANK-C3 0.155 Unch 356.5 5.410 5.000 1.02 29/06/2018 0.140 0.075 0.090 0.090 1066C5 RHBBANK-C5 0.090 Unch 201 5.410 5.000 2.40 31/07/2018 0.080 0.020 0.025 0.020 5270WA RSENA-WA 0.025 Unch 1095.3 0.470 0.500 11.70 01/12/2023 0.090 0.005 0.005 0.005 521855 SAPNRGC55 0.005 -0.005 463 0.760 1.550 105.92 24/07/2018 0.100 0.005 0.005 0.005 521857 SAPNRGC57 0.005 -0.005 1881.3 0.760 1.450 92.43 25/06/2018 0.170 0.015 0.075 0.060 521858 SAPNRGC58 0.065 -0.005 18834 0.760 0.880 30.33 30/08/2018 0.175 0.020 0.080 0.070 521859 SAPNRGC59 0.070 -0.015 1407.1 0.760 0.800 19.08 21/09/2018 0.205 0.025 0.130 0.115 521860 SAPNRGC60 0.125 -0.005 297.6 0.760 0.800 21.71 31/10/2018 0.110 0.015 0.045 0.040 521861 SAPNRGC61 0.040 -0.005 715 0.760 0.900 28.95 28/09/2018 0.060 0.005 0.030 0.025 521863 SAPNRGC63 0.030 -0.005 85.3 0.760 1.000 39.47 17/08/2018 0.225 0.065 0.185 0.165 521864 SAPNRGC64 0.175 -0.005 4600.3 0.760 0.500 11.84 31/10/2018 0.180 0.105 0.140 0.140 521865 SAPNRGC65 0.140 Unch 2000.1 0.760 0.600 34.21 22/10/2018 0.020 0.010 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 276.6 0.030 0.050 100.00 06/11/2019 0.605 0.130 0.210 0.210 7247WA SCGM-WA 0.210 0.005 25 1.730 3.960 141.04 31/07/2020 0.125 0.045 0.060 0.060 7158WB SCOMI-WB 0.060 -0.005 27.6 0.115 0.210 134.78 18/02/2023 0.180 0.040 0.040 0.040 0028WA SCOPE-WA 0.040 Unch 12.4 0.150 0.150 26.67 17/07/2020 0.260 0.090 0.095 0.095 7073WC SEACERA-WC 0.095 -0.015 45.1 0.585 1.000 87.18 21/01/2021 0.215 0.095 0.155 0.145 5279CF SERBADK-CF 0.145 0.020 122 3.310 2.580 4.23 31/07/2018 0.180 0.075 0.110 0.110 5279CG SERBADK-CG 0.110 0.010 33.9 3.310 2.880 6.95 31/07/2018 0.240 0.075 0.125 0.115 5279CH SERBADK-CH 0.125 0.035 92.5 3.310 2.900 2.72 11/06/2018 0.250 0.080 0.120 0.095 5279CI SERBADK-CI 0.110 0.025 2213.5 3.310 3.400 14.35 31/07/2018 0.130 0.060 0.085 0.080 5279CK SERBADK-CK 0.080 0.010 1399 3.310 4.000 30.51 28/09/2018 0.305 0.170 0.235 0.230 7180WA SERNKOU-WA 0.235 0.005 44 0.525 0.400 20.95 20/03/2023 0.160 0.040 0.050 0.050 0055WA SERSOL-WA 0.050 Unch 40 0.120 0.180 91.67 18/04/2023 0.180 0.030 0.070 0.060 419719 SIME-C19 0.070 Unch 51.8 2.790 3.000 12.54 31/10/2018 0.095 0.025 0.065 0.065 419721 SIME-C21 0.065 -0.005 25 2.790 3.100 16.94 17/08/2018 0.140 0.055 0.060 0.060 5285CD SIMEPLT-CD 0.060 Unch 240 5.540 6.000 12.64 24/08/2018 0.210 0.035 0.080 0.075 5288CA SIMEPROP-CA 0.080 Unch 162 1.490 1.450 8.05 30/08/2018 0.150 0.040 0.050 0.050 5288CC SIMEPROP-CC 0.050 -0.005 20 1.490 1.780 24.50 30/08/2018 0.280 0.005 0.005 0.005 7155CG SKPRES-CG 0.005 Unch 75 0.755 1.900 153.11 29/06/2018 0.125 0.105 0.120 0.120 7155CL SKPRES-CL 0.120 Unch 86.8 1.520 1.600 28.95 21/12/2018 0.105 0.095 0.100 0.100 7155CM SKPRES-CM 0.100 0.005 300 1.520 1.600 21.71 22/11/2018 0.245 0.010 0.015 0.015 9776WB SMCAP-WB 0.015 Unch 100 0.540 1.000 87.96 13/07/2018 0.085 0.020 0.055 0.055 8664C5 SPSETIA-C5 0.055 Unch 150 3.210 3.550 17.45 24/08/2018 0.095 0.040 0.055 0.045 0129WA SRIDGE-WA 0.055 0.005 114 0.240 0.180 -2.08 24/02/2023 0.195 0.095 0.145 0.145 0080WA STRAITS-WA 0.145 -0.005 45 0.255 0.115 1.96 10/08/2022 0.115 0.015 0.040 0.035 1201WA SUMATEC-WA 0.035 -0.005 419 0.050 0.320 610.00 03/03/2021 0.055 0.005 0.005 0.005 1201WB SUMATEC-WB 0.005 -0.005 69 0.050 0.175 260.00 13/11/2018 0.505 0.150 0.200 0.200 3743WA SUNSURIA-WA 0.200 -0.005 15 1.120 1.500 51.79 22/07/2020 0.735 0.305 0.400 0.380 5211WB SUNWAY-WB 0.380 -0.005 648.6 1.520 1.860 47.37 03/10/2024



0.300 0.125 0.150 0.145 0148WA SUNZEN-WA 0.145 -0.010 20 0.260 0.100 -5.77 14/04/2019 0.645 0.105 0.620 0.605 710634 SUPERMX-C34 0.620 -0.010 15 3.320 2.150 2.11 31/10/2018 0.275 0.050 0.260 0.250 710637 SUPERMX-C37 0.250 -0.010 861.9 3.320 2.650 2.41 17/08/2018 0.245 0.080 0.235 0.230 710641 SUPERMX-C41 0.230 -0.005 99.2 3.320 3.000 11.14 31/10/2018 0.245 0.185 0.240 0.235 710642 SUPERMX-C42 0.240 Unch 350.4 3.320 2.880 15.66 31/01/2019 0.185 0.025 0.035 0.030 7082WB SYF-WB 0.035 Unch 280.1 0.290 0.700 153.45 11/11/2019 0.365 0.070 0.080 0.075 1538WB SYMLIFE-WB 0.080 Unch 46.4 0.680 1.100 73.53 11/11/2020 0.110 0.020 0.020 0.020 0132WA TDEX-WA 0.020 Unch 418.2 0.120 0.110 8.33 21/09/2018 0.365 0.050 0.210 0.150 534739 TENAGA-C39 0.170 -0.050 442.4 15.340 14.600 0.72 29/06/2018 0.165 0.055 0.085 0.080 534740 TENAGA-C40 0.085 -0.015 98 15.340 16.000 9.84 24/07/2018 0.165 0.050 0.075 0.050 534742 TENAGA-C42 0.055 -0.030 2562.6 15.340 15.000 1.01 11/06/2018 0.165 0.065 0.085 0.065 534743 TENAGA-C43 0.070 -0.040 333 15.340 16.000 7.95 28/09/2018 0.180 0.090 0.120 0.090 534744 TENAGA-C44 0.100 -0.020 3246.7 15.340 16.000 6.58 31/01/2019 0.160 0.040 0.040 0.040 0145WA TFP-WA 0.040 Unch 251 0.135 0.100 3.70 15/02/2019 3.080 0.955 1.400 1.330 7034WA TGUAN-WA 1.330 -0.070 10.4 2.660 1.500 6.39 09/10/2019 0.365 0.025 0.180 0.150 7889WB THRIVEN-WB 0.155 -0.025 4842.6 0.370 0.640 114.86 05/10/2020 0.035 0.010 0.010 0.010 7079WC TIGER-WC 0.010 Unch 2784 0.025 0.080 260.00 11/02/2021 0.100 0.005 0.020 0.005 486321 TM-C21 0.010 -0.015 490 2.230 6.500 193.05 17/08/2018 0.145 0.005 0.010 0.005 486322 TM-C22 0.005 -0.005 2162.6 1.250 6.500 421.20 03/09/2018 0.310 0.055 0.110 0.055 486323 TM-C23 0.065 -0.045 6994 4.200 5.000 22.92 31/01/2019 0.075 0.025 0.040 0.025 486324 TM-C24 0.025 -0.025 210 4.200 5.550 35.71 31/01/2019 0.260 0.125 0.145 0.140 0101WB TMCLIFE-WB 0.140 Unch 297.1 0.760 0.750 17.11 21/06/2019 0.485 0.255 0.310 0.305 7285WA TOMYPAK-WA 0.305 -0.035 140 0.805 0.930 53.42 21/06/2021 0.740 0.155 0.670 0.650 711326 TOPGLOV-C26 0.660 Unch 102.4 10.260 7.000 0.39 11/06/2018 0.290 0.140 0.225 0.210 711328 TOPGLOV-C28 0.220 Unch 3125.8 10.260 10.000 12.48 30/08/2018 0.320 0.135 0.275 0.265 711329 TOPGLOV-C29 0.275 Unch 307.7 10.260 9.150 5.26 31/10/2018 0.185 0.090 0.145 0.140 711331 TOPGLOV-C31 0.145 0.005 601 10.260 10.500 13.65 12/09/2018 0.365 0.190 0.325 0.325 711332 TOPGLOV-C32 0.325 0.005 30 10.260 8.800 11.11 09/11/2018 0.060 0.010 0.020 0.015 0118WB TRIVE-WB 0.015 Unch 1255.9 0.030 0.090 250.00 28/08/2020 0.100 0.040 0.050 0.050 514860 UEMS-C60 0.050 0.005 646.3 0.850 0.970 20.00 31/01/2019 0.275 0.075 0.215 0.165 4588C3 UMW-C3 0.180 0.015 95.4 6.600 5.900 3.03 11/06/2018 0.115 0.050 0.115 0.105 4588C6 UMW-C6 0.105 0.005 129.2 6.600 7.000 15.61 30/11/2018 0.125 0.060 0.125 0.095 4588C7 UMW-C7 0.100 0.020 6596.3 6.600 6.900 15.15 12/09/2018 0.070 0.020 0.035 0.030 524321 UMWOG-C21 0.030 -0.010 150 0.290 0.420 60.34 28/09/2018 0.075 0.050 0.055 0.055 524323 UMWOG-C23 0.055 Unch 1500 0.290 0.400 73.97 28/09/2018 0.270 0.090 0.145 0.135 5243WA UMWOG-WA 0.135 -0.010 3738.6 0.290 0.395 82.76 18/10/2024 0.195 0.020 0.030 0.030 7091WA UNIMECH-WA 0.030 -0.005 102 0.985 1.500 55.33 18/09/2018 0.095 0.005 0.015 0.010 5005C3 UNISEM-C3 0.015 0.005 1970.3 2.210 3.300 52.04 13/08/2018 0.090 0.005 0.015 0.010 5005C4 UNISEM-C4 0.015 Unch 304.7 2.210 3.200 47.51 03/09/2018 0.065 0.005 0.025 0.020 5005C5 UNISEM-C5 0.020 Unch 490 2.210 3.150 46.15 12/09/2018 0.100 0.010 0.030 0.030 5005C6 UNISEM-C6 0.030 0.005 40 2.210 3.000 41.86 28/09/2018 0.155 0.140 0.155 0.145 5005C7 UNISEM-C7 0.155 0.015 536 2.210 1.980 17.65 22/11/2018 0.735 0.435 0.555 0.530 7240WA VERTICE-WA 0.555 0.010 65.1 1.030 0.500 2.43 31/03/2024 0.145 0.035 0.075 0.075 0097CJ VITROX-CJ 0.075 0.005 239 6.140 7.000 22.56 17/08/2018 0.110 0.015 0.020 0.020 0069WC VIVOCOM-WC 0.020 Unch 360.2 0.060 0.100 100.00 22/01/2020 0.110 0.020 0.020 0.020 0069WD VIVOCOM-WD 0.020 Unch 20 0.060 0.100 100.00 08/07/2020 0.155 0.060 0.085 0.080 7070WC VIZIONE-WC 0.080 0.005 629.5 0.120 0.100 50.00 05/02/2022 0.190 0.010 0.010 0.010 6963CS VS-CS 0.010 -0.005 100 1.860 2.144 16.99 29/06/2018 0.120 0.010 0.015 0.010 6963CW VS-CW 0.010 -0.005 230 1.860 2.640 43.44 24/07/2018 0.135 0.025 0.080 0.080 6963CY VS-CY 0.080 -0.005 240 1.860 3.040 73.42 31/10/2018 0.120 0.040 0.080 0.080 6963CZ VS-CZ 0.080 Unch 1150 1.860 2.080 25.59 31/10/2018 1.248 0.445 0.530 0.510 6963WA VS-WA 0.510 -0.010 1971.8 1.860 1.320 -1.61 06/01/2019 0.130 0.025 0.035 0.030 9679C9 WCT-C9 0.030 -0.005 598 0.800 1.200 57.50 18/10/2018 0.505 0.095 0.115 0.110 9679WE WCT-WE 0.115 Unch 2409.8 0.800 2.080 174.38 27/08/2020 0.630 0.180 0.195 0.190 7245WA WZSATU-WA 0.195 -0.005 21.7 0.390 0.380 47.44 28/10/2024 0.130 0.005 0.005 0.005 5156WC XDL-WC 0.005 -0.005 766.5 0.130 0.160 26.92 02/07/2018 0.020 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 Unch 800 0.050 0.100 110.00 22/03/2019 0.140 0.060 0.100 0.100 7293CQ YINSON-CQ 0.100 Unch 20 4.310 4.300 9.05 24/08/2018 0.210 0.110 0.180 0.180 7293CR YINSON-CR 0.180 Unch 305 4.310 4.150 15.08 30/11/2018 0.095 0.035 0.055 0.055 7020WB YKGI-WB 0.055 Unch 178 0.240 0.500 131.25 28/05/2020 0.280 0.005 0.005 0.005 467712 YTL-C12 0.005 -0.010 151 0.337 1.350 302.08 29/06/2018 0.235 0.015 0.020 0.015 467714 YTL-C14 0.020 Unch 2180.2 1.010 1.250 26.73 23/08/2018 0.055 0.005 0.005 0.005 467715 YTL-C15 0.005 -0.005 120 0.515 1.650 222.33 17/08/2018 0.170 0.020 0.020 0.020 467717 YTL-C17 0.020 -0.005 443 1.010 1.550 55.45 30/11/2018 0.085 0.085 0.085 0.085 467718 YTL-C18 0.085 Unch 100.4 1.010 1.500 65.35 30/11/2018 0.115 0.005 0.005 0.005 6742C2 YTLPOWR-C2 0.005 -0.005 52.5 0.388 1.300 236.34 30/08/2018 0.070 0.015 0.025 0.015 2283WA ZELAN-WA 0.025 0.005 313.3 0.090 0.250 205.56 25/01/2019

Main Market & Ace Market Warrants

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


Local events to watch out for today

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

AIRASIA GROUP (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 167,752,249 16/5AMMB (1,306,800) EMPLOYEES PROVIDENT FUND BOARD 279,308,637 16/5BUMI ARMADA (1,764,800) EMPLOYEES PROVIDENT FUND BOARD 390,635,280 15 & 16/5CUSCAPI 14,205,000 DATUK JAYAKUMAR PANNEER SELVAM 153,205,000 21/5DIALOG GROUP (1,706,500) EMPLOYEES PROVIDENT FUND BOARD 502,039,116 16/5DIALOG GROUP (1,830,700) KUMPULAN WANG PERSARAAN 408,497,200 18/5 (DIPERBADANKAN)DIGI.COM (2,896,300) EMPLOYEES PROVIDENT FUND BOARD 1,230,747,383 15 & 16/5EDUSPEC (2,801,100) CIMB ISLAMIC TRUSTEE 55,394,200 16/5FINTEC GLOBAL (25,740,799) PELABURAN MARA 18/5FRASER & NEAVE (682,400) EMPLOYEES PROVIDENT FUND BOARD 43,246,007 16/5GSB GROUP 127,000,000 JAVAWANA 215,000,000 18/5IHH HEALTHCARE (1,876,600) EMPLOYEES PROVIDENT FUND BOARD 726,076,200 15 & 16/5IOI CORPORATION 2,100,000 VERTICAL CAPACITY 2,987,273,580 17 & 18/5IOI CORPORATION 1,415,400 EMPLOYEES PROVIDENT FUND BOARD 791,396,073 16/5IOI PROPERTIES GROUP 1,300,000 VERTICAL CAPACITY 2,881,315,341 18/5LION INDUSTRIES 1,000,000 LEMBAGA TABUNG HAJI 53,407,900 17/5CORPORATIONMALAYAN BANKING 2,543,500 EMPLOYEES PROVIDENT FUND BOARD 1,271,713,346 16/5MALAYAN BANKING 2,000,000 AMANAHRAYA TRUSTEES 3,735,669,647 17/5 - SKIM AMANAH SAHAM BUMIPUTERAMALAYSIA AIRPORTS (1,061,500) EMPLOYEES PROVIDENT FUND BOARD 166,523,992 16/5MALAYSIAN RESOURCES 2,000,000 LEMBAGA TABUNG HAJI 302,019,846 17/5CORPORATIONMALAYSIAN RESOURCES 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 1,545,917,500 16/5CORPORATIONMEDIA PRIMA 10,000,000 AMANAHRAYA TRUSTEES 56,500,000 17/5 - SKIM AMANAH SAHAM BUMIPUTERAMISC 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 271,929,511 16/5MUHIBBAH ENGINEERING (M) (949,900) LEMBAGA TABUNG HAJI 36,476,300 17/5MY E.G. SERVICES (10,000,000) EMPLOYEES PROVIDENT FUND BOARD 10/5MY E.G. SERVICES (68,548,000) KUMPULAN WANG PERSARAAN 252,419,350 17/5 (DIPERBADANKAN)NEXTGREEN GLOBAL (2,526,500) PELABURAN MARA 39,067,276 14 - 16/5OPCOM (29,546,000) REZEKI TEGAS 16/5PETRONAS CHEMICALS GROUP (1,957,800) EMPLOYEES PROVIDENT FUND BOARD 573,275,700 16/5PPB GROUP 777,700 EMPLOYEES PROVIDENT FUND BOARD 131,259,679 16/5SERBA DINAMIK 2,777,200 KUMPULAN WANG PERSARAAN 136,944,800 17 & 18/5 (DIPERBADANKAN)SERBA DINAMIK 2,567,500 EMPLOYEES PROVIDENT FUND BOARD 80,357,500 15 & 16/5SIME DARBY (3,000,000) AMANAHRAYA TRUSTEES 2,814,488,400 17/5 - SKIM AMANAH SAHAM BUMIPUTERASIME DARBY PLANTATION (1,667,500) AMANAHRAYA TRUSTEES 2,856,469,800 17/5 - SKIM AMANAH SAHAM BUMIPUTERASIME DARBY PROPERTY 2,000,000 AMANAHRAYA TRUSTEES 2,942,500,000 17/5 - SKIM AMANAH SAHAM BUMIPUTERASIME DARBY PROPERTY (1,300,000) EMPLOYEES PROVIDENT FUND BOARD 716,708,110 15 & 16/5STAR MEDIA GROUP (872,000) AMANAHRAYA TRUSTEES 73,020,200 17/5 - SKIM AMANAH SAHAM BUMIPUTERASUNWAY 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 297,570,271 16/5SUNWAY REAL ESTATE (1,241,100) EMPLOYEES PROVIDENT FUND BOARD 415,509,200 16/8INVESTMENT TRUSTT7 GLOBAL (1,000,000) LEMBAGA TABUNG HAJI 4/1TIGER SYNERGY (8,000,000) DATO’ TAN WEI LIAN 41,225,800 18/5UNITED MALACCA (708,100) EMPLOYEES PROVIDENT FUND BOARD 14,780,500 16/5VERTICE (500,000) WONG KWAI WAH 7,700,000 18/5WCT 1,535,000 EMPLOYEES PROVIDENT FUND BOARD 127,466,177 15 & 16/5YTL CORPORATION (13,701,900) EMPLOYEES PROVIDENT FUND BOARD 665,402,883 15 & 16

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

Insider moves (Filings on May 21, 2018)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 $ 0.588 0.695 0.692 0.517 0.887 0.920 0.929 0.915 2.7577 4.424 58.371 4.383 2.552 9,821 47.256 77.022 5.587 36.310 2.529 2.606 6.011 22.237 5.454

EURO 1.699 1.181 1.175 0.878 1.508 1.563 1.578 1.555 4.6864 7.519 99.196 7.448 4.337 16,690 80.307 130.890 9.494 61.705 4.298 4.429 10.214 37.789 9.268

US $ 1.439 0.847 0.995 0.743 1.277 1.324 1.336 1.316 3.9685 6.367 84.000 6.307 3.673 14,133 68.005 110.840 8.040 52.253 3.640 3.750 8.650 32.000 7.848

SWISS FR 1.446 0.851 1.005 0.747 1.283 1.330 1.343 1.323 3.9876 6.398 84.404 6.338 3.690 14,201 68.332 111.373 8.079 52.504 3.658 3.768 8.691 32.154 7.886

STERLING £ 1.936 1.139 1.345 1.339 1.717 1.781 1.798 1.771 5.3388 8.566 113.005 8.485 4.941 19,013 91.487 149.112 10.816 70.295 4.897 5.045 11.636 43.049 10.558

CANADA $ 1.127 0.663 0.783 0.780 0.582 1.037 1.047 1.031 3.1086 4.987 65.799 4.941 2.877 11,071 53.270 86.823 6.298 40.931 2.851 2.938 6.776 25.066 6.148

BRUNEI $ 1.087 0.640 0.755 0.752 0.561 0.964 1.009 0.994 2.9976 4.809 63.449 4.764 2.774 10,676 51.367 83.722 6.073 39.469 2.749 2.833 6.534 24.171 5.928

SINGAPORE $ 1.077 0.634 0.748 0.745 0.556 0.955 0.991 0.985 2.9698 4.765 62.861 4.720 2.749 10,577 50.891 82.946 6.017 39.103 2.724 2.806 6.473 23.947 5.873

AUSTRALIA $ 1.093 0.643 0.760 0.756 0.565 0.970 1.006 1.015 3.0145 4.837 63.807 4.791 2.790 10,736 51.657 84.195 6.107 39.692 2.765 2.849 6.570 24.307 5.962

MALAYSIA RM 0.363 0.213 0.252 0.251 0.187 0.322 0.334 0.337 0.332 1.0000 1.604 21.167 1.589 0.925 3,561 17.136 27.930 2.026 13.167 0.917 0.945 2.180 8.063 1.978

100 CHINESE RMB 22.601 13.300 15.706 15.630 11.675 20.050 20.793 20.987 20.676 62.3280 1,319 99.061 57.684 221,974 1,068.065 1,741 126.272 820.667 57.169 58.899 135.850 502.580 123.265

100 BANGLAD’H TAKA 1.713 1.008 1.190 1.185 0.885 1.520 1.576 1.591 1.567 4.7244 7.580 7.509 4.372 16,825 80.958 131.952 9.571 62.206 4.333 4.465 10.297 38.095 9.343

100 DANISH KRONER 22.816 13.426 15.855 15.779 11.785 20.240 20.990 21.186 20.872 62.9190 100.95 1,332 58.231 224,078 1,078.19 1,757 127.47 828.45 57.71 59.46 137.14 507.35 124.43

100 UAE DIRHAM 39.182 23.056 27.227 27.097 20.239 34.759 36.046 36.383 35.844 108.0511 173.36 2,287 171.73 384,811 1,852 3,018 218.90 1,423 99.11 102.11 235.51 871.27 213.69

1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.009 0.009 0.009 0.0281 0.045 0.594 0.045 0.026 0.481 0.784 0.057 0.370 0.026 0.027 0.061 0.226 0.056

100 INDIA RUPEE 2.116 1.245 1.470 1.463 1.093 1.877 1.947 1.965 1.936 5.8356 9.363 123.520 9.275 5.401 20,783 162.987 11.823 76.837 5.353 5.515 12.719 47.055 11.541

100 JAPAN YEN 1.298 0.764 0.902 0.898 0.671 1.152 1.194 1.206 1.188 3.5804 5.744 75.785 5.690 3.314 12,751 61.354 7.254 47.143 3.284 3.383 7.804 28.870 7.081

100 NORWEGIAN KRONER 17.899 10.533 12.438 12.378 9.246 15.879 16.467 16.621 16.374 49.3600 79.194 1,045 78.450 45.682 175,790 845.843 1,379 649.918 45.274 46.645 107.585 398.013 97.618

100 PHILIPPINE PESO 2.754 1.621 1.914 1.905 1.423 2.443 2.534 2.557 2.519 7.5948 12.185 160.757 12.071 7.029 27,048 130.146 212.122 15.387 6.966 7.177 16.554 61.240 15.020

100 QATAR RIYAL 39.535 23.264 27.473 27.341 20.421 35.072 36.371 36.711 36.167 109.0247 174.921 2,308 173.278 100.901 388,278 1,868 3,045 220.877 1,436 103.027 237.630 879.118 215.616

100 SAUDI RIYAL 38.373 22.580 26.665 26.538 19.821 34.041 35.302 35.632 35.104 105.8210 169.781 2,240 168.186 97.936 376,869 1,813 2,956 214.386 1,393 97.061 230.647 853.285 209.280

100 SWEDISH KRONOR 16.637 9.790 11.561 11.506 8.594 14.759 15.306 15.449 15.220 45.8800 73.611 971.128 72.919 42.461 163,396 786.209 1,281 92.950 604.098 42.082 43.356 369.952 90.736

100 THAI BAHT 4.497 2.646 3.125 3.110 2.323 3.989 4.137 4.176 4.114 12.4016 19.897 262.501 19.710 11.478 44,167 212.516 346.375 25.125 163.291 11.375 11.719 27.031 24.526

100 HK$ 18.336 10.790 12.741 12.680 9.471 16.266 16.868 17.026 16.774 50.5644 81.126 1,070.281 80.364 46.797 180,079 866.482 1,412 102.440 665.777 46.379 47.783 110.210 407.725

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

G3-WA 0.635 0.500 0.500 156.5WCEHB 0.795 0.765 0.765 406.1PCHEM-C20 0.120 0.105 0.105 67.8SIMEPLT-CB 0.080 0.075 0.075 5.8MHB-C11 0.035 0.025 0.035 780.2MHB-C8 0.020 0.010 0.015 1700.1GUNUNG 0.385 0.330 0.385 59.6ZECON 0.440 0.415 0.415 40.5CUSCAPI 0.200 0.165 0.175 13696.2ASTRO 1.600 1.510 1.530 3322.1SP500-HC 0.390 0.380 0.380 65.5ASTRO-C7 0.030 0.030 0.030 10GOB 0.255 0.235 0.255 1566.5SNTORIA-WB 0.130 0.130 0.130 0.1KAREX 0.750 0.690 0.695 3940.7HENGYUAN-CI 0.065 0.040 0.040 1875.3PETRONM-CP 0.140 0.140 0.140 150CAELY-WA 0.540 0.470 0.495 364.5MRCB-C29 0.020 0.010 0.015 601

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)

INARI-C13 0.125 0.120 0.125 506.1MPI-CI 0.170 0.150 0.170 1624.5DSONIC-C10 0.095 0.090 0.095 4.3IOICORP-C18 0.210 0.205 0.210 0.4BAT-CK 0.310 0.300 0.310 78.8INARI-C17 0.235 0.225 0.235 300INARI-C14 0.230 0.215 0.225 26.2HIGHTEC 1.330 1.300 1.330 5INARI-C16 0.205 0.190 0.200 2088.5TOPGLOV-C21 1.340 1.340 1.340 0.2INARI-C18 0.275 0.265 0.275 1354.5SPSETIA-C7 0.120 0.120 0.120 0.4AHEALTH 6.000 5.850 5.850 20.5CCMDBIO 3.260 3.190 3.260 408.5PADINI-CS 0.115 0.115 0.115 20DIALOG-C30 0.250 0.235 0.240 44.6PESTECH-CE 0.100 0.100 0.100 0.4PARAMON 2.010 1.980 2.000 208.5AEONCR 14.960 14.600 14.860 246.3

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

Iran’s nuclear programme

• Siemens digitalisation workshop in support of TNB’s digital transformation journey at Pullman Kuala Lumpur Bangsar, Ballroom 2, Jalan Pantai Jaya, Tower 3 at 8am.

• Th e Asian Institute of Finance and the Fi-nancial Services Professional Board invites you to attend the Business Ethics Confer-ence 2018 entitled “Fintech: Business Ben-efi ts and Conduct Challenges” at Sasana Kijang, Conference Hall 1, Ground Floor, Bank Negara Malaysia, Jalan Dato’ Onn, Kuala Lumpur at 8.45am.

• LG Electronics Malaysia presents the LG 2018 Roadshow, featuring an introduction to LG’s latest signature Oled with nine in-telligent processors and smart home appli-

ances at Sunway Pyramid Shopping Mall, LG2, Orange Concourse, Jalan PJS 11/15, Bandar Sunway, Petaling Jaya from 10am.

• Lazada Malaysia unveils plans to make Lazada as the one-stop platform for Ma-laysia’s fashion and beauty needs. Event at L’Espace by Nathalie Gourmet, Studio 5, Lorong Teknologi C, Taman Sains Selan-gor 1, PJU 5, Kota Damansara, from noon to 2pm.

• Shopee, the leading e-commerce platform in Southeast Asia and Taiwan brings you the Shopee Celebrity Squad this Hari Raya event at Grand Hyatt Kuala Lumpur, Grand Salon, Level 1, Jalan Pinang, Kuala Lumpur from 5.30pm to 9pm.

Under the terms of the Join Comprehensive Plan of Action signed on July 14, 2015, Iran has agreed to reduce by approximately two-thirds its installed centrifuges. Only six, 104 IR-1s, Iran’s fi rst-generation centrifuges, are still functioning with only 5,060 of these enriching uranium to a level limited to 3.67% U-235 isotope, compared with 20% before the deal.

MarketsF U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S

3 1


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

MAY/JUN -1.5 -2.5 -2.0

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

Money market

Commodities

JUN/JUL -3JUN/AUG -11JUN/SEP -18JUL/AUG -8

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -69.443 MONTHS AVERAGE -72.976 MONTHS AVERAGE -88.68

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

JUN-18 2,463 30 836 7,560 -1,246JUL-18 2,466 28 4,846 42,464 -2,204AUG-18 2,474 28 16,908 64,716 2,489SEP-18 2,481 28 5,592 47,146 1,463OCT-18 2,485 22 2,355 14,419 224

Palm oil hits six-week peak on stronger crude oil

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

Oil rises towards US$80 as supply concerns mount

METAL & PRECIOUS METALSTIN US$/TON KLTM 20,700 UNCHCOPPER USC/IBS CMX 3.1280 0.0295GOLD US$/TROY OZ CMX 1,294.20 3.30PLATINUM US$/TROY OZ NYMEX 909.00 9.20PALLADIUM US$/TROY OZ NYMEX 995.00 7.40SILVER USC/TROY OZ CMX 16.54 0.07ALUMINIUM RMB/TON SHF 14,690 -170ZINC RMB/TON SHF 23,515 -325

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 72.46 0.22HEATING OIL USC/GAL NYMEX 2.2741 0.0044NATURAL GAS US$/MMBTU NYMEX 2.876 0.026BRENT CRUDE US$/BBL ICE 79.53 0.31GAS OIL US$/TON ICE 696.50 3.75

CRUDE PALM OIL RM/TON MDEX 2,474 28RUBBER SEN/KG MRB 579.50 UNCHCORN USC/BSH CBOT 405.50 2.75SOYBEANS USC/BSH CBOT 1,026.25 1.00WHEAT USC/BSH CBOT 516.75 9.50LIVE CATTLE USC/IBS CME 100.63 2.40COCOA US$/TON NYBOT 2,680 32COFFEE USC/IBS NYBOT 123.25 0.80SUGAR USC/IBS NYBOT 12.43 0.04COTTON USC/IBS NYC 84.40 0.24

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 May 22, 2018

200

625

1050

1475

1900

579.50(Unch)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

MAC’18 APR’18 MAY’18

340/358 451/450 409/407 604/596 638/634 551/539 926/913 909/931 745/737 1,190/1,166 1,161/1,157 —/— 1,395/1,145 1,332/1,312 —/—

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

May 22, 2018

1,846.00(-6.00)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.73(Unch)

May 22, 2018

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

499.50(+4.50)

May 22, 2018

300

500

700

900

1100

CPO futures

FBM KLCI futures

JUN8 96.27 — — —JUL8 96.27 — — —SEP8 96.27 — — —DEC8 96.27 — — —MAR9 96.22 — — —JUN9 96.22 — — —SEP9 96.22 — — —DEC9 96.22 — — —MAR0 96.22 — — —JUN0 96.22 — — —SEP0 96.22 — — —DEC0 96.22 — — —MAR1 96.22 — — —JUN1 96.22 — — —SEP1 96.22 — — —DEC1 96.22 — — —MAR2 96.22 — — —JUN2 96.22 — — —SEP2 96.22 — — —DEC2 96.22 — — —MAR3 96.22 — — —DEC-99 — — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures climbed to a six-week high in evening trade yesterday, charting a third session of gains in four, tracking overnight strength in US soyoil and crude oil prices. The benchmark palm oil contract for August delivery on Bursa Malaysia Derivatives was up 1.3% or RM28 at RM2,474 a tonne at the end of the trading day for its largest percentage gain since May 14. Th e market had hit an intraday peak of RM2,485, its highest since April 9. “Soyoil is up, and crude oil is trading at three-year high,” said one futures trader in Kuala Lumpur, adding that this encouraged more production of palm oil-based biodiesel. Palm oil prices are affected by movements in crude oil because it is used as feedstock to produce biodiesel. Yesterday crude oil prices rose on concerns that Venezuela’s output could drop further after a disputed presidential election and potential US sanctions on the Opec member. Another trader said that expectations of lower palm oil production in May also supported benchmark prices. Data from the Malaysian Palm Oil Board had showed that April output in the Southeast Asian country dipped by 1% to 1.56 million tonnes from a month earlier but was still the highest April level since 2015. — Reuters

DEC’17 JAN’18 FEB’18 MAC’18

1,834 1,587 1,343 1,574 1,423 1,513 1,312 1,566 2,732 2,548 2,478 2,323

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 513 19.00% 489 18.00% 466SOUTH 20.00% 522 19.00% 498 18.00% 474CENTRAL 20.00% 524 19.00% 500 18.00% 475EAST COAST 20.00% 518 19.00% 494 18.00% 470SABAH 22.00% 504 21.00% 483 20.00% 461SARAWAK 22.00% 511 21.00% 489 20.00% 467

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

(IN RM/TON) APR’18 MAY’18 JUN’18

CPO DELD 2,418.50 2,425.00 2,400.00PK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB Palm oil physical

Oil prices rose towards US$80 a barrel yesterday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. Crude is trading at its highest level since late 2014, underpinned by a supply-cutting deal among the Opec plus Russia and other non-members, and strong global demand. Brent crude, the global benchmark, rose 31 US cents to US$79.53 a barrel. Last week, it topped US$80 for the fi rst time since November 2014. US light crude was up 22 US cents at US$72.46, having earlier traded at US$72.72, its highest since November 2014. “The solid global economy, selected supply disruptions and the upbeat market mood in particular in oil frame a positive environment,” said an analyst. — Reuters

Commodities

Feb 9, before recovering slightly to close near a fi ve-month low. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 May 22, 2018

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+28)2,474

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 May 22, 2018

0.3191(RM2,790/tonne)

2,474(+28)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e US dollar fell yesterday from a fi ve-month high, losing momentum after a broad rally prompted by rising US bond yields and relief at an easing in US-China trade tensions. Th e US dollar’s index against a basket of six major currencies last traded at 93.396, down from a fi ve-month high of 94.058 set on Monday. Th e prospect of a resolution to the US-China trade tensions on Monday bolstered the US dollar. But a pullback in US 10-year Treasury yields from seven-year high set last week has encouraged traders to take some profi ts on their bullish US dollar bets, said Gavin Friend, senior markets strategist at NAB in London. ”It’s been one heck of a jump for the US dollar across the board really so this looks to me like a bit of profi t-taking,” he said. — Reuters

US dollar slips as rally loses momentum

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended lower yesterday, in tandem with the weaker underlying cash market. Spot month May 2018 slipped six points to 1,846; June 2018 and September 2018 declined eight points each to 1,844 and 1,841.5 respectively; while December 2018 eased nine points to 1,840.5. Turnover decreased to 5,988 lots from Monday’s 7,028 lots, while open interest widened to 34,960 contracts from 35,896 contracts yesterday. Th e underlying benchmark FBM KLCI ended 8.55 points lower at 1,845.03. Most Southeast Asian stock markets fell yestersday, with Vietnam shedding 2.9%, as a strong US dollar crimped demand for emerging-market assets. Vietnam shares fell 3.8% in intraday trading, the sharpest since

FBM KLCI futures lower on weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 May 22, 2018

72.46(+0.22)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 May 22, 2018

700

1020

1340

1660

1980

1,294.20(+3.30)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

-2.00(-1.50)

May 22, 2018

-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

93.396(-0.281)

May 22, 2018

FBMKLCI 1,845.03 -8.55 199.9M MAY 18 1,846.00 -6.00 5,295 32,549 -108JUN 18 1,844.00 -8.00 616 2,085 26SEP 18 1,841.50 -8.00 42 231 3DEC 18 1,840.50 -9.00 35 95 -3TOTAL 5,988 34,960 -82

MAY 18 10 1.57 1.94 -0.37JUN 18 39 6.62 4.50 2.12ROLL’S FAIR 2.49


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

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X PA G E 3 0

G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9

M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5RESEARCH: TAI TS [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI fell 8.55 points or 0.5% yesterday as investors took their cue from Malaysian corporate financial results during the current reporting season. Th ese included fi nancial results from FBM KLCI-linked companies Telekom Malaysia Bhd (TM) and Petronas Chemicals Group Bhd (PetChem). At 5pm yesterday, the FBM KLCI closed at 1,845.03 points. TM dropped 50 sen to RM4.20, while PetChem fell 27 sen to RM8.43. Public Investment Bank Bhd head of research Ching Weng Jin told theedgemarkets.com: “Investors are now closely monitoring the delivery of promises by the new government, and the delivery of results by the corporates.” Across Bursa Malaysia, the trading volume stood at 2.36 billion shares worth RM2.74 billion. Top decliners included TM, Tenaga Nasional Bhd (TNB) and PetChem. TM closed more than 11% lower on weak quarterly earnings, while electricity producer and distributor TNB dropped 2%. Th e most-active stocks included YTL Power International Bhd, which saw some 63 million shares traded. YTL Power closed 4.5 sen lower at 77.5 sen. Around the region, MSCI’s Asia Ex-Japan stock index was fi rmer by 0.14%. Japan’s Nikkei Share Average closed down 0.18%, while markets were closed in South Korea and Hong Kong for national holiday. — by Emir Zainul

FBM KLCI down as investors take cue from corporate results

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)IHH HEALTHCARE 2.15 0.160 6.330 10386.5PUBLIC BANK 1.27 0.200 25.200 4654.3CIMB GROUP 0.76 0.050 6.650 9856.9HONG LEONG FINANCE 0.64 0.340 19.100 84.3NESTLE 0.42 1.100 149.100 353.1KLCC PROP REIT 0.26 0.090 7.780 604.5GENTING MALAYSIA -0.29 -0.030 5.100 4924.6IOI CORPORATION -0.31 -0.030 4.760 5917.9PETRONAS DAGANG -0.32 -0.200 26.000 1281.8YTL CORPORATION -0.36 -0.020 1.010 20202.5MISC -0.51 -0.070 6.670 2646.3DIGI.COM -0.76 -0.060 4.670 3861.4AXIATA GROUP -0.89 -0.060 5.070 1259.7TENAGA NASIONAL -2.96 -0.320 15.340 18740.5TELEKOM MALAYSIA -3.06 -0.500 4.200 11781.5PETRONAS CHEMICAL -3.52 -0.270 8.430 10211.5SUB-TOTAL -7.48 OTHERS -1.07 GRAND TOTAL -8.55

1,856.50 1,843.50 1,855.00 1,841.50 1,852.50 1,840.50

Market movers

DOW JONES 25,013.29 298.20S&P 500 2,733.01 20.04NASDAQ 100 6,905.53 39.28FTSE 100 7,859.17 80.38AUSTRALIA 6,041.90 -42.60CHINA 3,214.35 0.51HONG KONG 31,234.35 186.44INDIA 34,651.24 35.11

INDONESIA 5,751.12 17.27JAPAN 22,960.34 -42.03KOREA 2,465.57 4.92PHILIPPINES 7,646.20 -11.85SINGAPORE 3,543.18 -5.05TAIWAN 10,938.73 -27.47THAILAND 1,760.71 -7.60VIETNAM 985.91 -29.07

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

PANAMY 39.620 1.320NESTLE 149.100 1.100MPI 9.440 0.780BAT 34.160 0.760ALLIANZ 14.020 0.720HLFG 19.100 0.340LPI 17.300 0.300APOLLO 4.460 0.240PBBANK 25.200 0.200GAMUDA 4.270 0.170G3 0.910 0.170BAT-CK 0.310 0.160

HENGYUAN 7.140 -1.150TM 4.200 -0.500PETRONM 8.670 -0.420SHANG 6.150 -0.330TENAGA 15.340 -0.320PCHEM 8.430 -0.270LATITUD 3.360 -0.250G3-WA 0.500 -0.215PECCA 0.870 -0.200PETDAG 26.000 -0.200KOSSAN 7.050 -0.200DELEUM 1.140 -0.180

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

MALTON-WB 0.015 200.00BAT-CK 0.310 106.67PBBANK-C22 0.300 100.00IJM-C12 0.010 100.00ECOWLD-CK 0.030 100.00ECOWLD-CN 0.010 100.00IHH-C6 0.225 73.08DIALOG-C30 0.240 60.00UMW-C5 0.175 59.09MPI-CI 0.170 54.55NETX-WB 0.015 50.00CMSB-C12 0.015 50.00

GAMUDA-C46 0.015 -70.00HENGYUAN-CM 0.005 -66.67YTL-C12 0.005 -66.67TM-C21 0.010 -60.00PMETAL-C4 0.040 -57.89GDEX-CJ 0.010 -50.00MYEG-C27 0.005 -50.00MYEG-C36 0.010 -50.00SUMATEC-WB 0.005 -50.00MRCB-C26 0.005 -50.00PETRONM-CH 0.010 -50.00HENGYUAN-CI 0.040 -50.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

MALTON-WB 0.015 200.00IJM-C12 0.010 100.00ECOWLD-CN 0.010 100.00ECOWLD-CK 0.030 100.00IHH-C6 0.225 73.08UMW-C5 0.175 59.09MPI-CI 0.170 54.55UNISEM-C3 0.015 50.00NETX-WB 0.015 50.00CMSB-C12 0.015 50.00SPSETIA-C7 0.120 41.18POS-C15 0.035 40.00

GAMUDA-C46 0.015 -70.00HENGYUAN-CM 0.005 -66.67YTL-C12 0.005 -66.67TM-C21 0.010 -60.00PMETAL-C4 0.040 -57.89GDEX-CJ 0.010 -50.00MYEG-C27 0.005 -50.00MYEG-C36 0.010 -50.00SUMATEC-WB 0.005 -50.00MRCB-C26 0.005 -50.00PETRONM-CH 0.010 -50.00HENGYUAN-CI 0.040 -50.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

NETX 138,875 0.00 0.000 0.030 0.035 0.025YTLPOWR 63,153 -5.49 -0.045 0.775 0.820 0.770HIBISCS-WC 31,648 -0.93 -0.005 0.530 0.555 0.520HIBISCS-CG 28,584 -6.67 -0.010 0.140 0.155 0.135MALTON-WB 18,909 200.00 0.010 0.015 0.020 0.005SAPNRGC58 18,834 -7.14 -0.005 0.065 0.075 0.060HENGYUAN-CH 16,937 -40.00 -0.040 0.060 0.070 0.050ABMB 13,887 1.17 0.050 4.330 4.370 4.270HENGYUAN-CM 13,020 -66.67 -0.010 0.005 0.015 0.005TM 11,782 -10.64 -0.500 4.200 4.760 4.120GLOTEC 10,722 0.00 0.000 0.050 0.050 0.045PECCA 10,280 -18.69 -0.200 0.870 1.090 0.780HENGYUAN-CW 9,983 -32.26 -0.050 0.105 0.120 0.105GBGAQRS-WA 9,124 5.88 0.005 0.090 0.090 0.060EDUSPEC-WA 8,835 -25.00 -0.005 0.015 0.020 0.015MRCB-C30 7,394 -25.00 -0.005 0.015 0.020 0.015

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 May 22, 2018

1,845.03(-8.55)

1,857.57

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1843.0

1844.3

1845.6

1846.9

1848.2

1849.5

1850.8

1852.1

1853.4

1854.7

1856.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,846.00(-6.00)

1,845.03(-8.55)

MAY 18 1,846.00 -6.00JUN 18 1,844.00 -8.00SEP 18 1,841.50 -8.00

A wise man will make more opportunities than he finds. — Francis Bacon

NETX 138,874.9 UNCH UNCH 0.030 23.08 0.00NEXGRAM 104,331.4 UNCH UNCH 0.040 — 0.00MYEG 103,439.8 -0.045 -4.59 0.935 15.68 1.73SAPNRG 92,916.9 -0.015 -1.94 0.760 — 1.29YTLPOWR 63,152.6 -0.045 -5.49 0.775 10.04 6.10HIBISCS 56,817.5 -0.020 -1.98 0.990 40.24 0.00EDUSPEC 41,025.5 -0.025 -25.00 0.075 — 0.00BORNOIL 37,037.6 UNCH UNCH 0.080 50.00 0.00UMWOG 35,510.3 -0.005 -1.69 0.290 — 0.00MRCB 33,559.5 UNCH UNCH 0.725 11.49 2.41HIBISCS-WC 31,647.7 -0.005 -0.93 0.530 — 0.00WCT 31,485.6 -0.010 -1.23 0.800 7.21 3.70BJCORP 31,291.1 -0.005 -1.54 0.320 — 0.00PWORTH 30,062.0 -0.025 -9.26 0.245 30.00 0.00HIBISCS-CG 28,584.3 -0.005 -3.45 0.140 — 0.00ASB 27,502.1 -0.020 -10.26 0.175 — 1.28CMSB 23,430.6 0.140 7.29 2.060 8.98 4.17YTL 20,202.5 -0.020 -1.94 1.010 14.19 4.85MALTON 19,927.8 0.010 1.72 0.590 2.92 4.31MALTON-WB 18,909.4 0.010 200.00 0.015 — 0.00

1,845.03 8.55 5,281.22 97.93 3,543.18 5.05 22,960.34 42.03 31,234.35 186.44 25,013.29 298.201,845.03 8.55 5,281.22 97.93 3,543.18 5.05 22,960.34 42.03 31,234.35 186.44 25,013.29 298.20KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,845.03 8.55 5,281.22 97.93 3,543.18 5.05 22,960.34 42.03 31,234.35 186.44 1,845.03 8.55 5,281.22 97.93 3,543.18 5.05 22,960.34 42.03 31,234.35 186.44

Documents

WEDNESDAY MAY 23, 2018 ISSUE 2655/2018 …tefd.theedgemarkets.com/2018/TEP/20180523jh87ot.pdf · ence yesterday, Syed Danial said the Rulers had already issued a statement on the