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WEDNESDAY, SEPTEMBER 2, 2015
be
bscri .theed
su
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FBM KLCI 1609.21
3.53
CPO RM2006.00
CCM shuts
down fertiliser
plant in
Shah Alam
|
KLCI FUTURES 1556.50
21.50
|
15.00
OIL US$52.91
1.24
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CORPORATE
& MARKET
Special Economic
Committee sees
growth despite
issues troubling
Malaysia
CORPORATE
& MARKET
FGV mulls
revising Indonesia
deal terms
CORPORATE
& MARKET
12 submit
proposals to bid
for Bandar
Malaysia project
GENERAL
NEWS
TUESDAY, SEPTEMBER 8
MOODYS
AND FITCH
WARN OF
CREDIT
NEGATIVE
FACTORS
15
Police to question
Bersih 4 rally
organisers
Balancing
y political
8
bSay
u
o
y
o
t
t
work and
h
g
u
uncertainties could
16 l co py i s b ro
t
igi a
life as a team T h i sMakedSelangor
erode economic
GENERAL
NEWS
investment rm
a statutory body
OPINION
Maybe this
slowdown is
dierent
17
fundamentals.
Ahmad Naqib Idris
has the story on
Page 4.
ddO22
WEDNESDAY, SEPTEMBER 2, 2015
be
bscri .theed
su
|
FBM KLCI 1609.21
3.53
CPO RM2006.00
CCM shuts
down fertiliser
plant in
Shah Alam
|
KLCI FUTURES 1556.50
21.50
|
15.00
OIL US$52.91
1.24
|
RM/USD 4.1640
9.40
Subscribe
NOW!
3 months for
RM30
(or more if you like)
CORPORATE
& MARKET
Special Economic
Committee sees
growth despite
issues troubling
Malaysia
CORPORATE
& MARKET
CORPORATE
& MARKET
12 submit
proposals to bid
for Bandar
Malaysia project
GENERAL
NEWS
Balancing
8
work and
life as a team
STI 2882.77
38.67
GOLD US$1141.40
rkets.com
ma
e
g
FGV mulls
revising Indonesia
deal terms
TUESDAY, SEPTEMBER 8
MOODYS
AND FITCH
WARN OF
CREDIT
NEGATIVE
FACTORS
15
Police to question
Bersih 4 rally
organisers
GENERAL
NEWS
16
Make Selangor
investment rm
a statutory body
OPINION
Maybe this
slowdown is
dierent
17
Say political
uncertainties could
erode economic
fundamentals.
Ahmad Naqib Idris
has the story on
Page 4.
WEDN ESDAY SEP TEM B ER 2 , 2 0 1 5 DI GI TA L EDGE DAI LY
For breaking news updates go to www.theedgemarkets.com
ON EDGE T V
Sime Darby
building
sustainable,
urban
communities
China jitters send

global stocks tumbling
Global growth likely to be weaker than expected months ago
An investor at a brokerage house in
Shanghai last Tuesday. Poor Chinese
data saw fears about its economic
health intensify. Photo by Reuters
BY M ARC J O NE S
Conrmed
Najib wont
be attending
anti-graft
conference
The Edge Markets Sdn Bhd

(1104546M)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,

Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
LONDON: World stocks and commodity prices tumbled yesterday,

as poor Chinese data saw fears
about its economic health intensify.
After a few upbeat days for
world markets, concern about China revived after surveys showed its
manufacturing sector shrinking at
its fastest pace in three years and
its services sector also cooling.
Asian stocks, particularly in Japan and Australia, fell overnight,
and the gloomy mood extended
to Europe. The FTSEurofirst 300
dropped 2.3%, following its worst
month in four years.
Futures prices also pointed to
Wall Street opening 2% lower. Oil
CLc1 fell back US$1.50 (RM6.24)
towards US$50 a barrel, halting the
biggest three-day surge in 25 years.
The problem is that we have
these brief spells of optimism like
we had last week when US gross
domestic product was revised up,
but the overall theme is still the

weakness in China and that is very
hard to dispel from markets, said
Philip Marey, a strategist at Rabobank in the Netherlands.
While shares and commodities
remained the focus, the mood was
similarly wary in the currency and
bond markets.
The safe-haven Japanese yen
and the low-yielding euro both rose
against the dollar, to 120.16 per
dollar and US$1.1323 to the euro.
Gold, another favourite of
investors during periods of un-
certainty, was up at US$1,143 an

ounce. It had risen 3.5% in August,
its best month since January.
The head of the International
Monetary Fund, Christine Lagarde,
summed up the situation in a
speech in Indonesia, where she said
global economic growth was now
likely to be weaker than had been
expected just a few months ago.
She cited both a slower recovery in major advanced economies
and a further slowdown in emerging nations and highlighted the
need to be vigilant for spillovers
from Chinas stutters.
The transition [in China] to
a more market-based economy
and the unwinding of risks built
up in recent years is complex and
could well be somewhat bumpy,
she added. Reuters
Publisher and Group CEO Ho Kay Tat

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Silicon Valley rule of thumb points right way

BY CHRISTI AN Z HANG
NEW YORK: Silicon Valley is double-checking its math. In a land

that fetishises growth over profitability, theres a new rule of thumb
for software firms that establishes a
relationship between the two rates.
A Breakingviews analysis suggests it can be a useful guideline.
Investors should just be wary of
extrapolating too much from it.
Technology entrepreneurs and
their backers typically pay more attention to the top line than the bottom line. Thats starting to change a
bit, with venture capitalists buzzing
about a new back-of-the-envelope
calculation. Brad Feld of Foundry
Group and Fred Wilson of Union
Square Ventures both have blogged
about the idea that annual revenue
growth plus operating margin
call it Gams, for growth and margin
sum should equal 40%.
That would help a company go
some way to justifying losing money. If revenue is growing at, say,
75%, then it could burn cash at a
rate of 35% of sales. Similarly, if
growth slowed to 30%, an operating margin of 10% would suffice.
Just as some investors look to
quotients like the PEG ratio, which
measures a price-to-earnings multiple against a companys growth
rate, Gams could be a useful gauge
for fast-growing but unprofitable
firms selling shares in an initial public offering (IPO). A Breakingviews
analysis of 27 publicly traded, subscription-based software compa-
IN BRIEF
MB denies Johor Sultan
discredited govt
NUSAJAYA: Johor Menteri Besar
Datuk Seri Mohamed Khaled
Nordin denied yesterday that the
Sultan of Johor, Sultan Ibrahim
Sultan Iskandar, had issued a
statement disparaging the Umno-led government as reported in
the social media. Sultan Ibrahim
had never written or spoken thus
as reported in the social media,
he said, adding that spreading
such news was malicious. I was
instructed by Tuanku Sultan to
strongly dismiss the statement
being circulated. I emphasise
here that the sultan has never
written or spoken thus. The act of
spreading the libellous statement
is of malicious intent, apparently
to tarnish the good relationship
between the Johor palace and the
government, he told reporters
after chairing the first meeting
of the Green Technology and
Climate Change Council here.
Bernama
Aviva Asia CEO leaving

to helm Great Eastern
SINGAPORE: Insurer Great Eastern Holdings has named industry veteran Khor Hock Seng as
its new group chief executive officer (CEO), it said in a Singapore
Exchange filing yesterday. Khor,
56, according to The Business
Times report will take over
on Nov 2 from Great Easterns
acting group CEO, Norman Ip,
who will remain a director there.
Khor will be moving over from
rival insurer Aviva Asia. His departure from the Aviva group
comes barely three months after
it tapped Khor in mid-June 2015
to be the new CEO of its freshly bought subsidiary, Friends
Provident International.
Wanita BN pledges full

support for Najib
KUALA LUMPUR: Wanita Barisan Nasional (BN) pledged its
full support yesterday for the
leadership of Prime Minister
Datuk Seri Najib Razak, who is
also BN chairman. As a party
machinery which has always
been close to the people, we
know that the majority of the
people at the grass roots are still
supporting Najib. Hence, we are
bringing the voice of the people
and will continue to support the
leadership of the prime minister, Wanita BN chief Datuk Seri
Shahrizat Abdul Jalil told reporters after chairing the Wanita BN
meeting at Menara Dato Onn
here. Bernama
Wanita Umno leader

sacked from party
nies found that those that became
profitable within three years of their
IPO on average had previously generated higher Gams than those that
remained unprofitable.
The 40% threshold does not necessarily portend investment success,
which may be a relief to owners of
Box and Zendesk, both of which fall
short. Jive Software tallied a sum of
-4% before its 2011 IPO. Since then,
its growth has slowed and its deeply
negative margins havent improved.
Jives share price also has tumbled
by 75%. Marin Softwares stock has
suffered similarly even though it

could tout a pre-IPO Gams of 44%.
Any rule of thumb runs the risk of
being corrupted or distorted. Theres
no special magic to the 40% figure.
And theres even less evidence the
model suits social media, online
commerce or other sorts of tech business models. Even so, a reasonable
inference from the analysis is that
software developers and their investors can afford to look beyond just
runaway growth and neednt fear
turning a profit. A healthy balance
between the two will work. Reuters
KUALA LUMPUR: A Wanita

Umno member who filed a suit
against party president Datuk
Seri Najib Razak and party executive secretary Datuk Ab Rauf
Yusoh was sacked from the party yesterday. Anina Saadudin,
who filed a suit against Najib
last Friday to account for the
chronology of events involving
RM2.6 billion channelled into
his personal bank accounts, is
officially no longer the Langkawi Wanita Umno leader. The
Malaysian Insider
WE D N E SDAY S E P T E MB ER 2, 2015 D IG ITA LED G E DA ILY
2015
EVERYBODY IS
CREATIVE
4 C O R P O R AT E & M A R K E T
Moodys and Fitch

warn of credit
negative factors
Political uncertainties could erode economic fundamentals
BY A H MA D NAQIB IDR IS
KUALA LUMPUR: Malaysia catches the attention of international ratings agencies again. Both
Moodys Investors Service Inc and
Fitch Ratings issued credit reports
yesterday highlighting that political uncertainties could erode
economic fundamentals.
The latest reports by the duo
swung share prices on Bursa Malaysia, besides dampening regional
sentiment. The FBM KLCI leaped
to a high of 1,660.22 points in the
first trading hour, soaring 2.94% or
47.48 points from last Fridays close.
But strong selling emerged soon,
pulling down the index to a low of
1,603.25. It closed at 1,609.21, down
3.53 points or 0.22%.
Moodys, which has an A3
positive rating on Malaysia, said
the continued political uncertainty could dampen business sentiment and economic growth. The
agency forecasts gross domestic
product growth to slow to 4.8% in
2015 from 6% in 2014.
It noted that the weekend protests reflect the ongoing political
uncertainty in the country, which
it said could impact sentiment
and capital inflows.
This, in turn, is likely to chip
away at reserves and the growth
outlook, both of which have been
buffering against market volatility
but have trended downwards this
year, a credit negative, it said in
the report.
The credit ratings agency said
the countrys large reserves and
robust growth outlook, along with
exchange rate flexibility and fiscal
consolidation efforts, had offset the
negative impact of market volatility on the sovereign credit profile.
However, if business confidence
and capital inflows continue to

weaken, Moodys opined that this
would gradually erode the support
that reserves and growth have offered thus far.
The pace of economic expansion will moderate as the GST
(goods and services tax) and lacklustre sentiment curb consumption and investment, and lower oil
prices push down liquefied natural
gas prices with a lag, said Moodys.
Meanwhile, Fitch Ratings, which
has recently revised Malaysias outlook to stable from negative,
pointed out that the large demonstrations highlight the political volatility in Malaysia, but added that
weak governance had already been
factored in its A3 sovereign rating
on the country.
The recent political uncertainty in Malaysia falls in line with the
countrys relatively weak governance ranking. World Bank governance indicators place it in the 62nd
percentile, well below the median for A rated countries, which is
around the 75th percentile.
Malaysia scores particularly
poorly on the voice and accountability and political stability indicators within the governance rankings, said Fitch.
However, the agency said weakening external accounts are a more
pressing credit risk for Malaysia,
noting the fall in foreign reserves to
US$95 billion (RM395.2 billion) in
mid-August and the ringgits weakness against the US dollar.
The agency noted reforms such
as the introduction of the GST and
the abolishment of fuel subsidies,
but said further that fiscal measures
are likely needed to achieve the
governments long-term plan for
a balanced budget by 2020.
It would be [a] credit negative
for Malaysia should the political

volatility result in the government
backtracking on these reforms. In
the longer term, Fitch will continue
to assess the credit impact both
positive and negative of these
economic policies, said the agency.
Over at Bursa, Danny Wong,
chief executive officer of Areca
Capital Sdn Bhd, said the KLCI
was dragged down by declines
in banking stocks, and said the
indexs fall was in line with the
lower close in US, European and
Asian markets.
The market was up earlier in
the day following the Bersih [4] rally over the weekend, but there was
some speculative selling of some of
the banking stocks, which dragged
down the index, he said.
It was noted that banking stocks
such as CIMB Group Holdings Bhd,
Hong Leong Financial Group Bhd
and RHB Capital Bhd posted declines during yesterdays session.
Although the index found its
bottom last week, the KLCI is still
seen to be unstable. The direction
of the KLCI, going forward, will
still depend on the direction of
oil prices and the ringgit, he said.
Wong sees the immediate support level for the index at the 1,560
points level.
In Asia, markets were broadly
down, with Japans Nikkei 225 declining 3.84% to 18,165.69, Chinas
Shanghai Composite Index falling 1.23% to 3,166.62, Hong Kongs
Hang Seng Index decreasing 2.24%
to 21,185.43, and South Koreas Kospi settling 1.4% lower at 1,914.23.
In Southeast Asia, Indonesias
Jakarta Composite Index fell 2.15%
to 4,412.46; Singapores Straits
Times Index lost 1.32% to 2,882.77;
and Thailands SET declined 1.56%
to 891.51.
Special Economic Committee sees

growth despite issues troubling Msia
BY R A M A N A N D
KUALA LUMPUR: Malaysias

growth in 2015 will continue at
between 4.5% and 5.5% despite
several issues plaguing the country now, the newly set up Special
Economic Committee (SEC) said
in Putrajaya yesterday after meeting for the first time.
The committee, which was
set up by Prime Minister Datuk
Seri Najib Razak in a bid to tackle concerns about the free fall of
the ringgit and falling commodity
prices, said that it would make the
necessary proposals to the prime
minister, who will have the final
say on the proposals.
But they refused to delve into
specifics of the proposals they
would be making.
The committees chairman,
Datuk Seri Abdul Wahid Omar,
met with the other nine members
of the committee in Putrajaya
yesterday, and will have another meeting with them on Friday
as they begin to formulate their
action plan.
The meeting proceeded
smoothly with a number of suggestions and recommendations,
Abdul Wahid said during a press
conference yesterday.
Najibs younger brother, CIMB
Group Holdings Bhd chairman
Datuk Seri Nazir Razak, is also
part of the committee. The com-
Abdul Wahid met with the other

nine members of the committee in
Putrajaya yesterday, and will have
another meeting with them on Friday
as they begin to formulate their
action plan. The Edge le photo
mittee discussed the value of the

ringgit, the stability of the financial markets and strengthening
confidence in the capital market.
The ringgit is currently the
worst performing currency in
Asia, with the currency value
hitting a 17-year low, drawing
comparisons to the 1997 Asian
financial crisis.
The committee has been
tasked to formulate immediate and medium-term plans to
strengthen the economy. The
Malaysian Insider
TH Heavy chairman Azizan

resigns over conict of interest
BY C H E S T E R TAY
KUALA LUMPUR: TH Heavy

Engineering Bhd yesterday announced the resignation of its
non-independent and non-executive chairman Datuk Azizan
Abd Rahman, citing conflict of
interest as a reason.
It has redesignated its director
Datuk Ghazali Awang as non-independent and non-executive
chairman to succeed Azizan.
According to TH Heavys website, Azizan, 65, was appointed
chairman and a director of the
company on June 11, 2009.
Azizan started his career as
a shipping executive at Harper
Gilfillan (M) Sdn Bhd. He subsequently joined JF Apex Securities Bhd in 1982 as an executive
director and started his career in
the stockbroking industry.

He was an active member of
the stockbrokers fraternity and
held the post of chairman of
the Association of Stockbroking Companies of Malaysia from
1994 to 1995.
He is currently chairman of
Eastern & Oriental Bhd, Gefung
Holdings Bhd and the investment
panel of Lembaga Tabung Haji.
In a filing with Bursa Malaysia
yesterday, TH Heavy said Ghazali,
68, was appointed to TH Heavys
board of directors on Aug 27.
Currently, Ghazali also sits on
the board of CCM Duopharma
Biotech Bhd as a senior independent non-executive director.
TH Heavy shares appreciated
1.5 sen or 9.68% to close at 17 sen
yesterday, with a market capitalisation of RM173.77 million.
CCM shuts down fertiliser plant in Shah Alam, retrenches 230 sta
BY C H ESTER TAY
KUALA LUMPUR: The prolonged

downtrend in crude palm oil (CPO)
prices has taken a heavy toll on
Chemical Company of Malaysia
Bhd (CCM), whom yesterday announced that it is shutting down its
fertiliser plant in Shah Alam and
retrenching 230 staff.
In a statement yesterday, CCM cited the reason for the shutdown being
oil palm planters opting for cheaper
fertilisers due to the low edible oil
prices. This resulted in poor demand

for ammonium nitrate (AN)-based
fertilisers that are produced by the
plant in Shah Alam.
CCM told Bursa Malaysia yesterday that the move is to mitigate risk
associated with its business. We are
extremely saddened by this situation,
and the untenable business proposition left us [with] no choice but to
resort to this option, the group said.
The plant is owned by CCM Fertilizers Sdn Bhd, in which CCM
holds a 50.1% equity stake, while
Lembaga Tabung Haji owns the

remaining 49.9%.
According to CCM, CCM Fertilizers posted a pre-tax loss of
RM4.3 million in 2014, mainly due
to changes in market conditions
driven by the decline in CPO prices.
Like many commodity prices, CPO
prices have been drifting lower from
the height of RM4,000 per tonne in
early 2011 to a low of RM1,800 last
week. The edible oil price closed at
RM1,976 per tonne yesterday.
In the statement, CCM said it
would outsource its AN-based fertiliser manufacturing to a third-party

manufacturer moving forward, and
reiterated that there would be no
change with respect to the availability
of its Cocks Head brand products as
manufacturing of the products would
continue at its plants in Lahad Datu,
Sabah and Bintulu, Sarawak.
CCM expects the redundancy and
asset impairment exercise will cost
approximately RM30 million, and
barring any unforeseen circumstances, the closure of the plant is expected
to be completed by June 30, 2016.

The performance of its fertiliser
division has dragged down CCMs
earnings.
Last week, CCM released its second quarter ended June 30, 2015
(2QFY15) financial results which
saw net profit shrinking 85% to
RM313,000 from RM2.12 million a
year ago. Revenue declined 25% to
RM233.6 million in 2QFY15 from
RM311.1 million a year ago. The
group attributed the disappointing
earnings to its fertiliser division.
WE D N E SDAY S E PT E MB ER 2, 2015 D IG ITA LED G E DA ILY
C O R P O R AT E & M A R K E T 5
FGV mulls revising

Indonesia deal terms
To take into account issues discovered during due diligence
KUALA LUMPUR: Felda Global
Ventures Holdings Bhd (FGV),
the worlds biggest crude palm oil
(CPO) producer, is considering
seeking revised terms for its US$680
million (RM2.83 billion) deal to
buy a stake in PT Eagle High Plantations, people with knowledge of
the matter said.
FGV may ask for a lower price to
take into account issues discovered
during due diligence on the Indonesian company, two of the people
said, asking not to be identified as
the information was private.
The two companies reached a
preliminary agreement in June and
said they planned to announce a final pact by mid-August, a deadline
that has since been extended to Oct
31. FGV said on Aug 14 it had sub-
stantially completed due diligence and

was in the process of negotiating the
terms of the definitive documentation.
Eagle Highs share price has fallen 42% since the initial deal was
announced, while CPOs price has
dropped 12% on concerns that slowing Chinese growth will hinder other
emerging economies. The Indonesian company currently owns about
425,000ha of land, of which 152,000ha
have been planted, according to a
June filing.
FGV said on June 12 it planned to
buy a 37% stake in Eagle High from
Indonesian conglomerate Rajawali
Group for US$680 million in cash
and shares. That implies an enterprise value of about US$17,400 per
hectare of land, compared with the
US$25,900 that Sime Darby Bhd paid
for New Britain Palm Oil Ltd in

March, FGV chief executive officer
Datuk Mohd Emir Mavani Abdullah said in a July interview.
FGV said in an emailed statement that the deal was still in process for the time being and the final
report on due diligence would be
announced at the companys upcoming shareholders meeting. Darjoto Setyawan, managing director
of Rajawali Group, didnt answer an
email and call to his mobile phone
seeking comment. FGV, which manages 450,000ha of land in Malaysia
and Indonesia, has lost nearly three
quarters of its market value since
its June 2012 initial public offering.
Its second-quarter net income fell
70% to RM46.1 million due to lower
sale prices of its CPO. Bloomberg
Poh Huat's Vietnam re causes US$2.4m losses

BY SA N GEETHA A MARTHALINGAM
GEORGE TOWN: The fire that razed

several buildings of Poh Huat Resources Holdings Bhds unit Poh Huat
Furniture Industries Vietnam JointStock Company (Poh Huat Vietnam)
on Aug 23 has resulted in combined
damage of US$2.4 million (RM9.98
million).
The fire, which lasted from 3.20am
till 10.15am the same day, occurred at
two factory blocks housing a finishing
line and a finished goods warehouse
measuring about 1.05ha, Poh Huat
Resources said in a filing with Bursa
Malaysia yesterday.
Listing its damages, Poh Huat Re-
sources said the total net book value

of the damaged factory buildings,
ancillary structures and installation
was US$431,528.
The total net book value of the
damaged plant and machinery comprising spraying line pallets, tow-conveyor system, woodworking machinery, firefighting system, electrical
installations and racking systems is
US$283,667.
The total net book value of workin-progress furniture parts, finishing
materials and finished goods damaged by the fire is approximately
US$1.65 million, said the group.
Poh Huat Resources (fundamental: 2.1; valuation: 2.4) said it had put
in place production shifts from one

single 12-hour shift to two 10-hour
shifts to mitigate the interruption
caused by the fire.
The group said its Vietnam unit
was working with the insurer and
adjusters for the insurance compensation for the losses from the fire.
The insurance proceeds, upon
receipt, will be utilised to offset the
relevant reconstruction and repair
costs and assets impairment charges
arising from the damaged fixed assets and stocks, Poh Huat Resources added.
Its shares rose two sen or 0.79% to
close at RM2.56 yesterday, for a market
capitalisation of RM271.08 million.
Mueller ashing a thumbs up sign at the pilot as the Malaysia Airlines aircraft was
moved back from the parking bay at KLIA on Monday.
New Malaysia
Airlines takes o
KUALA LUMPUR: The national
carrier yesterday embarked on its
new journey as Malaysia Airlines
Bhd (MAB), with its chief executive officer Christoph Mueller
and senior management holding
a special walkabout at the KL International Airport in Sepang on
Monday and yesterday, to meet
and greet passengers on its flights.

The new airline also announced
the appointment of Proteek Sengupta as its interim head of revenue management, replacing Shihaj
Abdulla Kutty who is leaving the
airline. Proteek will lead the efforts
to improve the revenue efficiency
and network design for MAB.
Naza on track to deliver RM556m

mega expo centre in 2Q16
KUALA LUMPUR: Naza TTDI Sdn
Bhd, a unit of the Naza Group, said
the RM556 million Malaysia International Trade and Exhibition
Centre (Mitec), the countrys largest
exhibition space, is on track to be
delivered to the government in the
second quarter of 2016.
Naza TTDI deputy executive
chairman and group managing
director SM Faliq SM Nasimuddin
said despite the challenges faced in
the construction of the exhibition
centre, it is now 80% completed.
Work is now ongoing to complete the roof, faade and interior
works. Apart from that, the infrastructure of the exhibition centre
is ongoing and scheduled for completion at the same time," he said
in a statement yesterday.
Mitec is the first component
of Naza TTDIs 30.55ha RM15 bil-
lion KL Metropolis development

at Jalan Duta here. The exhibition
centre will have a gross floor area
of one million sq ft with a total of
11 exhibition halls.
It will also contain a multipurpose hall, meeting and conference
rooms, media and press facilities,
VIP lounges, restaurants, and food
outlets. The exhibition centre will
be able to accommodate 40,000
visitors at a time.
Apart from the exhibition centre,
the KL Metropolis features offices,
hotels, regional retail centres and
residences.
The project had raised concerns
after Naza TTDI secured the building-for-land deal from the government, which allowed it to buy
the prime land and surrounding
parcels for only RM620 million or
RM226 per sq ft in 2009.
12 submit proposals to bid

for Bandar Malaysia project
WTW will review and provide its recommendation to 1MDB Real Estate
BY Y I MI E YONG
KUALA LUMPUR: Twelve companies have submitted proposals for

the final stage of evaluation to participate as development partners
in the 486-acre (196.67ha) Bandar
Malaysia project in Sungai Besi.
In a statement yesterday, CH
Williams Talhar and Wong (WTW),
the transaction adviser for the
Bandar Malaysia request for proposal (RFP), announced that upon
the close of bidding on Aug 28, 12
companies had submitted their
proposals.
We have received highly competitive responses above and beyond our expectations. The 12
final stage bidders comprise domestic private developers, government-linked companies and
foreign parties either submitting
independently or as a consortium, said WTW deputy managing
director Danny Yeo.
LBS Bina plans

special dividend
after China asset
sale payment
WTW will now review the proposals and provide its recommendation to 1MDB Real Estate Sdn
Bhd (1MDB RE), which will then
shortlist selected final bidders
before entering into financial and
share sale agreement negotiations.
WTW said the earlier expression
of interest stage saw robust interest
from 40 local and global players,
including Singapore, China, Japan,
South Korea and Australia.
The bidders received an investment memorandum outlining
Bandar Malaysias development
vision and its proposed master
plan. To progress to this final selection stage, these companies
had to showcase their track record,
branding and financial capabilities to be a development partner
for Bandar Malaysia.
The commercialisation of Bandar Malaysia is part of a rationalisation plan for heavily-indebted 1Malaysia Development Bhd
(1MDB) that was presented to the

Cabinet on May 29.
Meanwhile, 1MDB said it is
encouraged by the high quality of
bids received, and is confident of
the success of the process.
It is our plan to shortlist select-
MWE Holdings' Vietnam unit to

generate US$40m revenue in FY17
BY SANGEE THA AM ARTHALI NG AM
BY C H ESTER TAY
KUALA LUMPUR: LBS Bina

Group Bhd has earmarked 40%
of a HK$200 million (RM108
million) part payment as special dividend. In a filing with
Bursa Malaysia yesterday, LBS
said the HK$80 million would
finance the special dividend
within five months.
The HK$200 million part
payment forms a portion of the
HK$1.65 billion LBS will receive
from the sale of its 100% stakes
in Lamdeal Consolidated Development Ltd and Lamdeal Golf
& Country Club Ltd to Zhuhai
Holdings Investment Group Ltd.
The board is pleased to announce that the company has
today (yesterday) received the
second tranche of deferred cash
payment of HK$200 million,
early by four months from the
due date, it said.
The board applauded the early payment as it enables the group
to reduce its cost of borrowings
thus contributing positively to
the cash flow and earnings of
the group for the financial year
ending Dec 31, 2015, LBS said.
Besides the special dividend,
LBS said it will use the HK$200
million to reduce bank borrowings and finance operating expenses.
Yeo: We have received highly competitive

responses above and beyond our
expectations. Photo by Haris Hassan
ed final bidders, enter detailed negotiations and execute a binding

transaction by the end of 2015, said
1MDB RE chief executive officer
Datuk Azmar Talib in the statement.
He further emphasised that in
making a final decision, the board
of directors of 1MDB will be guided by, among other things, value
maximisation to 1MDBs shareholders, deal certainty, and terms
that are fair and reasonable.
Bandar Malaysia will be a
mixed-use urban development
that is expected to serve as a catalyst for the transformation of
Greater Kuala Lumpur.
Located within 7km of the Kuala
Lumpur City Centre, the development will serve as Kuala Lumpurs
gateway to the high-speed rail line
to Singapore and become a central
transport hub in the city via mass
rapid transit, KTM Komuter, express rail link and future access to
major highway networks.
NIBONG TEBAL (Penang): MWE

Holdings Bhds wholly-owned subsidiary United Sweethearts Garment
Sdn Bhd (USG) expects to contribute about US$40 million (RM166.4
million) to group revenue from the
next financial year ending March 31,
2017 (FY17) upon the completion
of its expansion plan in Vietnam.
The number of production lines
will increase to 42 from 26 currently in Dong Nai Province, southern
Vietnam.
USG managing director Tang
Chong Chin said with more production lines, the subsidiary targets
60% revenue growth for FY17.
With the increase in production
lines in our Vietnam plant (United
Sweethearts Garment (Vietnam) Co
Ltd), our total lines will amount to

100, including 58 in Malaysia, he
told reporters after MWE Holdings
annual general meeting yesterday.
We will be able to cater to higher
demand in the United States and European markets. We hope to increase
our market share in Europe with the
additional production lines, he said,
adding that its capital expenditure
amounted to US$6 million.
Tang said the plant expansion of
its Vietnam unit, established in 2002,
would be completed in the middle
of next year, hence the expectation
of revenue contribution in FY17.
He added that the garment manufacturing sector contributes about
70% of MWE Holdings revenue,
while the rest is derived from its
telecommunications segment.
For its first financial quarter end-
ed June 30, 2015 (1QFY16), the group

recorded a net profit of RM6.75 million on a revenue of RM84.8 million.
MWE Holdings (fundamental:
0.65; valuation: 2) shares closed
unchanged at RM1.20 yesterday,
with a market capitalisation of
RM276.3 million.
The Edge Research's fundamental
score reflects a companys profitability and balance sheet strength, calculated based on historical numbers.
The valuation score determines if a
stock is attractively valued or not,
also based on historical numbers.
A score of 3 suggests strong fundamentals and attractive valuations.
Go to www.theedgemarkets.com for
more details on a company's financial dashboard.
Govt to
re-strategise to
achieve 3.2%
scal decit
KUALA LUMPUR: The government
needs to relook at and re-strategise
its resources in order to achieve a
3.2% fiscal deficit set for this year,
Deputy Finance Minister Datuk
Johari Abdul Ghani said.
Theres no more business as
usual because we have limited resources [due to slumping oil prices], while our exports are affected,
he said.
In the first half of 2015, the countrys fiscal deficit narrowed to 2.8%.
So, what we need to do now is
for the government to have a relook at its income [from Petronas
and other oil and gas companies].
And try to maximise with an
option of how best to spend our
limited resources and sail through
this economic [uncertainty], he
told a press conference after officiating at the CFO Summit 2015,
organised by the Asian Strategy
and Leadership Institute, here
yesterday.
He said the country recorded a
gross domestic product growth of
5.6% in the first quarter of this year
and 4.9% in the second quarter
amid external challenges.
With the unstable ringgit, Johari
encouraged industry players to use
local raw materials to tide over current economic conditions unlike
in good times, when they used to
import raw materials from China,
which were cheaper then.
But now, it is high time that
we looked at the industry needs
where they (the raw materials) can
be substituted with local materials, he said.
Johari cautioned those with a
penchant for converting the ringgit
to the greenback.
Imagine the impact on the
country when everyone started
converting the ringgit to the US
dollar, unless they have a purpose
to use it, such as buying raw materials, he added. Bernama
Correction
REFERRING to the article titled
Aeon 2Q earnings down 66.6%
that was published in digitaledge
DAILY on Aug 28, it has been pointed out that Aeon Co (M) Bhd does
not operate the Aeon Big hypermarkets and supermarkets in Malaysia. The latter comes under
Aeon Big (M) Sdn Bhd. The error
is regretted.
TMC Life Sciences appoints new chief executive ocer

BY SUP RIYA S U RE NDRAN
KUALA LUMPUR: TMC Life Sciences Bhd has appointed Roy Quek
Hong Sheng as its chief executive
officer (CEO) effective today.
yesterday, TMC said Quek, 45, a
Singaporean, had served as the
deputy secretary of operations and
development of the Ministry of

Home Affairs, Singapore since 2013.
He joined the board of directors of
TMC on June 2 this year as an executive director (ED).
The group added that Dr Wong
Chiang Yin, 47, who had been an
ED of TMC since January 2011,
has been redesignated to the post
of non-independent and non-ED.
Wong, also a Singaporean, was

formerly an ED of Pantai Holdings
Bhd from May 2008 to May 2009
and was the interim CEO of Bright
Vision Hospital in Singapore from
March 2010 to December 2010.
TMC, which is controlled by
Singapore businessman Peter
Lim Eng Hock with a 70.5% stake,
operates the Tropicana Medical
Centre in Kota Damansara, as

well as the TMC Fertility Centre
in Damansara Utama, both in
Petaling Jaya.
The stock has gained some investor interest of late when Johor
crown prince Tunku Ismail Sultan
Ibrahim emerged as a substantial
shareholder of the company in July
this year, with a 7.68% stake.
C O R P O R AT E & M A R K E T 7
Malaysian factory activity

falls as China weakens
Fears of sharper slowdown in the worlds second-largest economy Nikkei
BY A H MA D NAQ I B IDR IS
KUALA LUMPUR: The Nikkei

Malaysia Manufacturing Purchasing Managers Index (PMI)
dropped to 47.2 in August 2015,
from 47.7 a month earlier, indicating the strongest deterioration
in operating conditions in nearly
three years.
In a statement yesterday, Nikkei Inc said Malaysian manufacturers contended with less orders
and costlier production inputs
in August.
New orders contracted at
the fastest rate since September

2012, leading to further sharp falls
in both production and purchasing activities. Subsequently, employment decreased for the third
straight month, albeit at a weaker rate.
Cost pressures persisted, as
input prices rose at the quickest
rate since November 2013, consequently leading to higher charges,
said Nikkei.
Nikkei said input price inflation
was the strongest since November
2013, attributed to higher taxes
and the depreciation of the ring-
git against the US dollar. A weaker ringgit resulted in costlier raw

materials for manufacturers here,
according to Nikkei.
The Nikkei Malaysia Manufacturing PMI is a composite
single-figure indicator of manufacturing performance. Data is
derived from indicators for new
orders, output, employment, suppliers delivery times and purchases.
A figure greater than 50 indicates improvement of the manufacturing sector.
Malaysias August factory ac-
tivity fell in tandem with Chinas

manufacturing sector.
Yesterday, Reuters reported an
official survey as saying that activity in Chinas manufacturing sector contracted at its fastest pace in
three years in August, reinforcing
fears of a sharper slowdown in the
worlds second-largest economy,
despite a flurry of government support measures.
Chinas official PMI fell to
49.7 in August, from the previous months reading of 50.0, in
line with expectations of analysts
polled by Reuters.
SEAs top 100 increase debt sixfold since 98 crisis

SINGAPORE: Southeast Asias biggest companies have increased debt
sixfold since the regional financial
crisis, stoking concern about default
risks as investors draw parallels with
the 1998 meltdown.
The regions 100 largest listed
companies by assets, including
Thailands CP All Pcl, Petron Corp
of the Philippines and Singapores
Wilmar International Ltd, had accumulated US$392 billion (RM1.63
trillion) by June 30, data compiled
by Bloomberg show. Thats up six
times from December 1998.
Debt loads as a proportion of assets are climbing back near levels
from the crisis at 31.7%, up from
29.5% in 2010.
Slowing regional growth, Chinas
yuan devaluation and the outlook
for higher US interest rates sparked
a sell-off in Southeast Asia that sent
the ringgit and the rupiah to their
lowest levels since 1998. Default risk
in Asia outside Japan posted the
sharpest jump in 2015 last month,
bonds lost the most in two years,
and shares suffered their worst slide
since 2011.
Companies still clearly have their
feet on the expansion throttle, they
show no signs of slowing down just
yet at a time when the road is becoming more bendy, said Bertrand
Jabouley, director of Asia-Pacific
corporate ratings in Singapore at
Standard & Poors (S&P). Currency depreciations are the bitter icing
on the cake and they come at a time
when debt-funded expansion has

weakened corporate balance sheets.
S&P said foreign-currency debts
grew two to three times more rapidly
than local debt for Malaysian, Philippine and Indonesian companies
between 2010 and 2014, based on its
own sample of the top 100 companies. The borrowings made up 30%
to 50% of total debt there, it said.
Credit quality has been declining in the region and thats a worrisome trend, according to Kim Jinha,
the head of global fixed income in
Seoul at Mirae Asset Global Investments Co.
We wont see any meaningful
reversals until the global economy
picks up again, Kim said. The default rate will increase, likely at a
moderate pace. Highly indebted
corporates will suffer from further
US dollar strength.
Total obligations at Wilmar, which
grows oil palms, doubled to US$22.4
billion since 2010, while net debt rose
20%. The jump was partly due to its
expansion into the sugar industry,
the company said in an email on
Monday, adding that revenue rose
42% over that time.
CP All, which operates 7-Eleven
stores in Thailand, generated US$1.3
in earnings before interest and taxes
for every US$1 of interest expense,
slipping from 5-to-1 coverage in
2013, Bloomberg data show. Samrej Zeepongsekul, an officer at the
corporate communications division
of the company, said in an email that
the increase in liabilities was due

to the debt-financed acquisition of
Siam Makro PCL in 2013. He said the
funding was in local currency so the
baht drop wouldnt have an impact.
Fuel retailer Petrons debt-toearnings before interest, taxes, depreciation and amortisation ratio
expanded to 10.6 times from 5.4 in
2010. Petron didnt immediately reply to emails seeking comments and
a call to the number on its website
went unanswered.
Southeast Asias biggest economies are grappling with slumping
demand from China as growth in
gross domestic product there cools
to the least since 1990. Indonesia
expanded at the slowest pace since
2009, while Singapores economy
shrank the most since 2012 in the
second quarter.
Half of the emerging markets are
in a worse shape than they were in
1995, based on a combination of
current account and fiscal deficits,
according to Citigroup Inc. While
governments have cut foreign debt,
companies have expanded theirs,
the bank said in a report on Sunday.
While the yuan devaluation last
month by the Peoples Bank of China caught the market by surprise,
investors still have confidence in
the central banks steps and that
has contained volatility, according
to Leong Wai Hoong, a senior money manager in Singapore at Nikko
Asset Management Co Ltd, which
manages about US$162 billion. It is
the spillover effects to other currency

pairs or asset classes that people are
worried about, Leong said.
The MSCI South East Asia Index of shares in the region fell 11%
since July 31, the biggest monthly
decline since September 2011. The
ringgit depreciated 7.8% while the
rupiah lost 3.7%. The baht slid to a
six-year low.
Credit-default swaps protecting
Indonesian government debt have
risen every month since February
and reached 259.5 basis points (bps)
last Thursday, near a two-year high,
according to data provider CMA. The
contract on Malaysia hit a four-year
high of 202.8 on the same day. The
index for all of Asia excluding Japan
jumped 22 bps in August, the sharpest increase since January 2014.
The signs of stress in the regions
credit markets add to worldwide concerns, after 71 bond defaults globally
this year through Sunday compared
with 60 in all of 2014, according to
S&P. Emerging-market companies
have accounted for 14, versus 15 in
all of last year. PT Berau Coal Energy Tbk made a distressed exchange
for US$950 million of dollar bonds
in July.
The major test for financial discipline will be in the second half 2015
and even more in 2016, said S&Ps
Jabouley. Refinancing, especially
with sizeable bond maturities in
2017, could be the iceberg waiting
for the ship that cruises too rapidly.
Bloomberg
Ahmad Fariz is acting CEO of Kumpulan Perangsang Selangor

BY Y I MI E YONG
KUALA LUMPUR : Kumpulan

Perangsang Selangor Bhd (KPS)
has appointed Ahmad Fariz Hassan as its acting chief executive
officer (CEO) effective yesterday,
following the resignation of Suhaimi Kamaralzaman as the group

CEO and managing director on the
same day.
yesterday, KPS said Ahmad Fariz,
38, is currently the head of stra-
tegic planning and investment of

KPS. He previously served as senior
vice-president at Khazanah Nasional Bhd between January and
March 2015 before joining KPS on
April 14, 2015.
In a separate filing, KPS said
Suhaimi has been redesignated as

non-executive director of the company. Suhaimi, 47, was the group
CEO and managing director since
May 10, 2011. Prior to this, he was
the CEO and managing director
of Melewar Industrial Group Bhd.
Mohd Azharuddins appointment

as CEO was with immediate eect
according to a statement. Photo
by Suhaimi Yusuf
Mohd
Azharuddin Mat
Sah is new chief
of SPAD
BY S UPR IYA S UR E N D R A N
KUALA LUMPUR: The Land

Public Transport Commission,
Malaysia (SPAD) has appointed Mohd Azharuddin Mat Sah
as its chief executive officer
(CEO), replacing Mohd Nur
Ismal Mohamed Kamal who
will join the Finance Ministrys
wholly-owned unit MyHSR
Corp Sdn Bhd, as its CEO to
oversee the Kuala Lumpur-Singapore high-speed rail link
project.
In a statement yesterday,
SPAD said Mohd Azharuddins
appointment as its CEO was
with immediate effect.
Prior to his appointment,
Mohd Azharuddin was director
of urban public transport for
Greater Kuala Lumpur/Klang
Valley at the Performance Management and Delivery Unit in
the Prime Ministers Department. He had also held various key positions, such as in
Microsoft Malaysia, where he
was the director of public sector
group for Malaysia, and Khazanah Nasional Bhd, where he
was the senior vice-president
of special projects.
Mohd Azharuddin was also
attached with Royal Dutch
Shell plc, having undertaken
assignments in both Malaysia
and its corporate headquarters in London. In his new role,
Mohd Azharuddins immediate
responsibilities include accelerating the growth of a viable
Land Public Transport (LPT)
ecosystem as envisaged in the
National Land Public Transport
Master Plan.
SPAD chairman Tan Sri Dr
Syed Hamid Jaafar Albar said
Mohd Azharuddins strong credentials and extensive experience in the LPT sector makes
him the right leader for SPAD,
as the commission gears up to
drive more people centric mobility and connectivity.
I look forward to working
closely with [Mohd] Azharuddin
to build seamless multimodal integration to make public
transport as the mode of choice
for all Malaysians.
The commission would like
to put on record its sincerest appreciation to Mohd Nur Ismal
for his dedication and contributions in his five years as the
CEO of SPAD, said Syed Hamid.
Balancing work and life as a team

Astro
Last years The Edge Kuala Lumpur Rat Race proved to be a turning
point for Measat Broadcast Network
Systems Sdn Bhd one of its teams
emerged as second runner-up in the
mixed team category.
This year, Astro, which has been
taking part in the annual event since
2001, aims to do better. The official
television and radio sponsor of The
Edge Kuala Lumpur Rat Race 2015
has carried out a rigorous selection
exercise over two days to pick 30
runners for this years race.
Astro, which is fielding six teams,
selected the runners based on their
fastest time clocked.
The selected runners have been
training on Astros Bukit Jalil office
grounds twice a week for the past
three months.
Astro Content Group associate
Ezzad Ekhwan says although he is
not based in Bukit Jalil, he always
attends the training sessions, which
are held every Tuesday and Thursday.
On weekends, I put in additional
training by going for evening runs. I
want to be fit and ready for the race,
he says.
Astro Technology associate Neo
Say Soon says last years podium fin-
Rehda Youth
The Real Estate and Housing Developers Association Youth Malaysia
(Rehda Youth) is sending five of
its members to take part in the Rat
Race this year.
From golf to diving to road
pounding and white water rafting,
we are a diverse group of individuals
with diverse interests but we always
manage to find common ground in
our approach to balancing work and
life, says a member of the team.
Team activities are a great way
to foster new friendships outside of
the workplace and allow us to get
a good workout as well, he adds.
While the team will be participating for the first time in The Edge
Kuala Lumpur Rat Race 2015, Rehda
Youth has taken part in other runs
such as the Pacesetters Mizuno Relay in 2012, Kenny Rogers Roasters
Chicken Run in 2012 and Standard
Chartered Ediken Relay Run in 2013.
PwC Malaysia
PwC Malaysias team captain Sim
Li Hong is no stranger to The Edge
Kuala Lumpur Rat Race as she will
be running in it for the third year.
In preparation for the race, the
audit firms senior executive trains
with her colleagues and goes through
a mixture of workouts, including stair
climbing, speed work and endurance.
Stair climbing is part of PwCs
recent health campaign (#FitPwC),
where we have a weekly session of
stair climbing in our office building,
Sim said, adding that the Rat Race allows her to get acquainted with more
of her colleagues and gives her the
opportunity to meet other runners
in the corporate world based on her
previous experiences.
For executive director Manohar
Johnson, running in the CEO cate-
ish was a surprise for the team as it

was a tough competition.
It was a great feeling going up
the podium to receive our medals,
especially after all the hard work we
had put in, he says.
Team Astro believes that the Rat
Race is a good way to get corporate
Malaysia to take part in charity activities.
Astro chief technology officer
Phuah Aik Chong, who will be taking
part in the CEO run, says he is looking
forward to the event as his last race
was three years ago. Knowing that
it is a run for charity gives me extra
motivation, and I aim to do well.
He says on Astros part, it set up
Yayasan Astro Kasih, a non-profit organisation, in 2012 to carry out its corporate responsibility programmes.
Through Kampus Astro, one of
our corporate responsibility programmes, millions of students can
get access to local and international learning channels, says Phuah.
As for community development
programmes, the company has built
three Astro Kasih hostels one
each for Sekolah Kebangsaan Magandai and Sekolah Kebangsaan
Malinsau in Sabah, and Sekolah Kebangsaan Sungai Paku in Sarawak.
Efforts are also being made to help
the pupils improve their academic
performance.
The Edge Kuala Lumpur Rat Race 2015

collection (as at Aug 28, 2015)
AMOUNT (RM)
TOTAL TEAMS
Aberdeen Asset Management Sdn Bhd

18,000.00
Affin Hwang Asset Management Bhd *
66,000.00
Amundi Malaysia Sdn Bhd
18,000.00
Axis REIT Managers Bhd
18,000.00
BCG Sdn Bhd
18,000.00
BHIC Aeroservices Sdn Bhd
18,000.00
CIMB Investment Bank Bhd
32,000.00
18,000.00
Citibank Bhd
18,000.00
Credit Suisse Securities (Malaysia) Sdn Bhd
18,000.00
Deloitte
DKSH Malaysia Sdn Bhd
18,000.00
Eco World Development Group Bhd *
66,000.00
EY Malaysia
18,000.00
Feruni Ceramiche Sdn Bhd **
44,000.00
Fraser & Neave (Malaya) Sdn Bhd
32,000.00
Gamuda
32,000.00
Genting Malaysia Bhd
18,000.00
Glomac Bhd
18,000.00
Hartalega Sdn Bhd
18,000.00
IOI Group
32,000.00
Ireka Corp Bhd
18,000.00
K&N Kenanga Holdings Bhd
18,000.00
Khazanah Nasional Bhd
18,000.00
KNM Group Bhd
32,000.00
KPMG
18,000.00
Lafarge Malaysia Bhd
32,000.00
Land & General Bhd ****
18,000.00
Matrix Concepts Holdings Bhd **
44,000.00
Maxis Bhd
18,000.00
Maybank
54,000.00
d
MEASAT Broadcast Network Systems Sdn Bhd
18,000.00
Merchantrade Asia Sdn Bhd
32,000.00
Microlink Solutions Bhd
18,000.00
MKH Bhd
18,000.00
Naza TTDI Sdn Bhd
32,000.00
Nestl Products Sdn Bhd
18,000.00
PricewaterhouseCoopers (PWC) Malaysia
18,000.00
REDHA Youth
18,000.00
RHB Banking Group
44,000.00
S P Setia Bhd
32,000.00
Tanjong Management Services Sdn Bhd
18,000.00
The Edge Communications Sdn Bhd
44,000.00
Top Glove Corp Bhd
18,000.00
Trinity Group Sdn Bhd
18,000.00
Tropicana Corp Bhd
18,000.00
UDA Holdings Bhd
18,000.00
Vistage Malaysia Sdn Bhd ***
32,000.00
WCT Holdings Bhd
18,000.00
Total
1,240,000.00
1
6
1
1
1
1
2
1
1
1
1
6
1
3
2
2
1
1
1
2
1
1
1
2
1
2
1
3
1
4
1
2
1
1
2
1
1
1
3
2
1
3
1
1
1
1
2
1
79
COMPANY NAME
* Part of Powered by and Partnered by

** Part of Gold Sponsorship Package
*** Part of Silver Sponsorship Package
**** Part of Bronze Sponsorship Package
After a hard days run, a good

breakfast makes for an even more
memorable experience.
A great soundtrack and the
promise of a great breakfast or
supper is what charges them up
during a workout.
The team is organising runs in
the early morning and after work
twice a week.
Rehda Youth says it would like to
gory is an ideal way to inculcate the

attributes of a caring society through
corporate leaders.
Taking part in his second Rat Race,
Manohar believes that it is for a worthy cause as the race seeks to promote English and financial literacy,
although he feels that there is always
pressure to exceed expectations at
PwC in representing the company
in the race.
see more sustainable initiatives for

the long run.
Rehda Youths own CSR initiatives are conceived around the idea
of providing those less fortunate with
a safe and nurturing environment to
help themselves.
Our contributions go to facilities, education and donations to
homes, irrespective of race and religion, it adds.
On PwC Malaysias corporate social responsibility activities, Manohar

said the company focuses on education and capacity building. We have
four flagship programmes, which
consist of Community Outreach Programme, Health and Wellness (#FitPwC), NGO Workshop and Diversity
and Inclusion. In addition, we invest
in mentoring programme (Polaris)
and Teach for Malaysia Flipped.
UDA Holdings
UDA Holdings Bhd will be participating in The Edge Kuala Lumpur
Rat Race 2015 for the third time. It
will be sending a team to take part
in the open category, while UDA
Leisure and Facility Management
group chief operating officer Julainie
Mohd Salleh and Human Resource
senior vice-president Hishamuddin
Mon will participate in the CEO Race.
The members of the team believe
it is a good platform for companies
to do charity and contribute to the
community, while enhancing brand
awareness.
Running for charity continues
to be a great way to raise funds and
awareness of charities. Anyone of any
ability can run for charity a little
grit and determination will take you
a long way, says a team member.
While other companies may be
more serious about clinching the
top spot in the various categories,
Julainie says UDAs participation is

more towards the charity part of the
programme rather than competitive running. There is no pressure
for the run.
It is also a great chance to catch
up with fellow corporate friends and
meet new people, he adds.
It is good to see the bosses sweating it out for charity. Team spirit rises
to a different level seeing the leaders
making a dash for it.
He says UDA has been actively
involved in CSR efforts as part of its
transformation. In 2014, the company
developed a pilot CSR programme,
STRUCTURA, together with the finance ministry.
The programme is an architectural design competition among local
private and public universities in
Malaysia. UDA is looking at continuing the programme based on the
response it has received from the
ministry as well as the universities.
P R O P E RT Y S NA P S H
T 9
Source: theedgeproperty.com
What are developments

priced in Puchong?
Today, we continue our focus on Puchong by looking at average prices
on a per square foot (psf) basis. Based on transactions analysed by
theedgeproperty.com, the average price of non-landed properties here
was a reasonable RM334 psf in 3Q2014, up 10.6% y-y.
Data analysed by theedgeproperty.com show that prices in Puchong are
much lower than the more established nearby townships such as Subang
Jaya (RM581 psf in 3Q2014) and USJ (RM411 psf).
In the 12 months to 3Q2014, 55.8% of transactions were in the RM201RM400 psf range, followed by the RM401-RM600 psf range (21.8%).
The most expensive addresses in the area of study is Solace with an
average price of RM563 psf. Most of the other expensive projects are all
fairly new, with the exception of La Vista (RM390 psf), Desa Impiana
(RM390 psf) and Casa Puteri (RM399 psf). Among the list, the buyers
would find larger unit sizes at Aseana Puteri (RM456 psf), Atmosfera
(RM412 psf), La Vista (RM390 psf) and Koi Kinrara Suites (RM390 psf)
where the 3-bedroom units have sizes starting from 1,300 sq ft.
Within the list, Casa Tropika (RM405 psf) appears reasonably priced.
Completed in 2014, it offers many additional facilities including a sky
deck, and sits atop a retail podium beneath the residential towers.
The least expensive developments are found clustered in Puchong Utama
and Taman Mas Sepang. Interestingly, the lower-cost developments are
often situated right next to other medium-cost apartments, a pattern of
development observed when a neighbourhood undergoes gentrification.
The Analytics are based on the data available at the date of publication and may be subject to further revision as
and when more data is made available to us.
Puchong Top 10 most expensive condominiums/apartments

by average price per square foot
Source: theedgeproperty.com
Puchong Top 10 least expensive condominiums/apartments

by average price per square foot
For more of such information across Malaysia and Singapore, log on to the
theedgeproperty.com. The one-stop portal for all your property needs,
theedgeproperty.com oers price and transaction records, trend analysis,
research classieds, and more all for FREE!
China home prices seen rising modestly

this year thanks to support measures
BY X I AOY I S HAO & KO H G UI Q IN G
An artists
impression of LBS
Binas SkyVilla
project.
LBS Bina condent of hitting

RM800m sales target
BY ZAT I L H U SNA WAN FAUZI
KUALA LUMPUR: Property developer LBS Bina

Group Bhd is confident of hitting its RM800
million sales target for the current financial
year ending Dec 31, 2015 (FY15).
Despite the current sentiment, we are confident of achieving at least RM800 million sales
by end of this year, which is an increase of 25%
over last years total sales. We have set our direction for aggressive growth expansion which is
geared to meet the Malaysian housing market
demands, its managing director Tan Sri Lim
Hock San said in a statement.
Our management and board of directors
continue to strive to adapt ... to suit the domestic market, and we have identified the right
strategic locations and type of housing range
to meet various demands, he said.
We are very pleased with the performance
results of RM591 million, which represent a
27% increase in sales from RM464 million for
the same period last year. Some 77% of the total sales were contributed mainly by the Klang
Valley projects, said Lim.
The group is anticipating good response from
its key contributor projects, namely Bandar
Saujana Putra in Kajang, DIsland Residence
in Puchong and Bandar Putra Indah in Johor.
Lim said the group will continue to focus on
the main key sales contributors such as Ivory
Garden and Magma Garden in Bandar Putera
Indah, Corallia and SkyVilla in DIsland Residences, Bandar Saujana Putra Village and Bandar Saujana Putra 21, which have a total gross
development value (GDV) of RM1.4 billion.
The group is fine-tuning its plans for the
2,718 acres (1,099.9ha) in its land bank, which
has an estimated future GDV of RM21.7 billion, added Lim.
LBS Bina held its extraordinary general
meeting on Aug 26 to approve the issuance of
warrant B with the purpose of rewarding its
existing shareholders.
BEIJING: Chinese home prices are expected

to rise modestly this year thanks to government support measures for the sector, relieving some pressure on the faltering economy,
a Reuters poll showed last Wednesday.
Home prices are likely to rise 2% in
2015 from a year earlier, and 3% in 2016,
according to the median of the poll, which
surveyed 14 economists and property market analysts from Aug 18 to 25.
Signs of stability in the property sector
could ease fears of a sharper slowdown
in Chinas economy, which is heading
towards its weakest rate of expansion in
25 years due to a combination of cooling
demand at home and abroad.
But pickups in home prices and sales
are unlikely to turn into a full-blown recovery for the sector any time soon, as large
inventories of unsold homes weigh on the
market and discourage new investment
and construction, dampening demand
for everything from cement and steel to
furniture and appliances.
Property sales bottomed out during the
first half of 2015 after declining for more than
a year, propped up by a barrage of government support measures since last September, including a series of interest rate cuts
and lower downpayment requirements.
China cut rates again last Tuesday and
lowered the amount of reserves banks must
hold, ratcheting up support for the stumbling economy and a plunging stock market.
Home prices rose 0.3% in July from June,
the third straight month of gains, though
they were still down 3.7% from a year earlier,
official data showed last week.
Favourable credit policies have released pent-up demand and driven up
home prices. We expect home transactions
in 2015 to surpass last years volume, said

Jason Hu, head of research at Chinese
property consultant Holdways in Beijing.
While 10 of 14 respondents in the poll
expected no broad recovery in the property market this year, eight of 13 expect
home transactions to keep improving in
the coming month. Not everyone replied
to each question.
Property sales bottomed

out during the rst half
of 2015 after declining
for more than a year,
propped up by a barrage
of government support
measures since last
September.
Loosening monetary policy and favourable supervision measures have greatly reduced the costs of buying homes. The sustained owner-occupier demand will support
the market to recover, said Xu Gao, chief
economists at Everbright Securities Co Ltd
in Beijing.
Six of 13 respondents thought authorities
would take more steps to lift the market,
while the rest believed they would not step in.
Given Chinas property market is diverging between cities in terms of performance, analysts thought bigger cities
would see sharp price rises this year due
to strong housing demand.
Respondents said Chinas property markets are overvalued, a view unchanged
since January 2012 when Reuters started
the poll. Reuters
10 ST O C KS W I T H M O M E N T U M
This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by Anticipatory
Analytics Sdn Bhd and that rst appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specic investment needs.
We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HEVEABOARD BHD (+ve)
HEVEABOARD BHD
(ALL FIGURES IN MYR MIL)
HEVEABOARD (Fundamental: 2.1/3, Valuation:

1.4/3) triggered our momentum alert yesterday, following announcement of its 2Q2015
earnings results and dividend payment. The
stock rose to an intra-day high of 98 sen before
closing unchanged at 94 sen. Nevertheless, it
has risen by 131.0% year-to-date.
For 1H2015, net profit nearly doubled to
RM30.0 million on the back of a 7.6% growth in
revenue to RM227.8 million, thanks to higher
average selling price for premium grade particleboard and value added products as well
as forex gain.
Concurrently, Heveaboard declared a first
interim dividend of 0.5 sen per share, which
will go ex on September 11.
With the completion of its 4-for-1 share
split on July 24, the company now has 417.4
million shares outstanding with par value
of 25 sen each. Heveaboards warrants were
also entitled to a 4-for-1 split and the exercise
price has been adjusted down accordingly to
RM0.25, from RM1.00.
HEVEABOARD BHD
Negeri Sembilan-based HeveaBoard

manufactures and trades particleboards and
ready-to-assemble furniture, which accounted
for 43.0% and 57.0% of its 2014 revenue, respectively. In 2014, Heveaboard derived 91.6% of
its sales from exports markets, mainly Japan,
China, Korea, Philippines and Australia.
Despite the furniture industrys cyclicality,
Heveaboard has been profitable with fairly
consistent earnings in recent years, except for
a large dip in 2011 due to the weak US dollar
then. From 2011 to 2014, revenue has grown
from RM373.0 million to RM422.4 million,
while net profit expanded from RM3.3 million
to RM30.2 million.
Notably, the company has pared down its
long term borrowings to RM32.6 million at endJune, from RM141.7 million in 2010. As a result,
net gearing fell to 4.2%, from 86.6% in 2010.
The stock trades at a trailing 12-month P/E
of 10.5 times and 1.38 times book. Dividends
totalled 1 sen per share for 2014 (adjusted for
share split), giving a net yield of 1.1%.
Valuation score*
1.40
2.10
Fundamental score**
10.54
TTM P/E (x)
0.27
TTM PEG (x)
1.38
P/NAV (x)
1.00
TTM Dividend yield (%)
392.31
Market capitalisation (mil)
417.35
Shares outstanding (ex-treasury) mil
1.35
Beta
0.36-1.14
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax prot
Net prot - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings
HEVEABOARD BHD
RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY11
FY12
FY13
FY2015Q1
31/12/2011
31/12/2012
31/12/2013
31/3/2015
373.0
37.9
24.6
13.2
0.0
9.4
3.9
3.3
372.6
47.2
25.4
21.8
0.0
7.9
14.0
15.5
389.5
55.8
25.5
30.3
0.2
6.6
24.0
22.5
116.4
21.6
6.5
15.1
0.5
14.6
14.0
284.8
2.9
17.3
129.6
47.5
102.7
321.1
194.0
117.0
273.3
2.9
27.7
135.2
49.5
108.9
302.5
208.6
87.4
261.0
2.9
32.3
158.5
58.4
121.6
300.8
231.1
63.4
247.9
2.9
44.6
161.8
30.6
78.4
334.3
284.7
44.0
FY11
FY12
31/12/2011
31/12/2012
31/12/2013
FY13 ROLLING 12-MTH
0.01
2.15
1.74
2.73
(87.01)
0.90
1.00
1.26
75.88
4.03
2.31
7.69
(0.12)
363.24
4.15
4.96
1.24
52.35
6.01
0.02
2.56
10.22
4.54
45.11
5.77
7.44
1.30
38.74
8.43
0.04
0.68
15.07
11.12
39.76
8.57
11.74
2.06
10.58
29.73
I N V E ST I N G I D E A S 1 1
BROUGHT TO YOU BY
I N S I D E R A S I AS S TO C K O F T H E D AY
SURIA CAPITAL HOLDINGS BHD

1H15 net profit for Sabah ports operator Suria
(Fundamental: 2.3/3 , Valuation: 2/3) increased
by more than three-fold from RM30.9 million
to RM103.9 million, boosted by an extraordinary gain of RM112.5 million derived from the
Jesselton Quay project. Its shares jumped 9.5%
to RM2.19 after the company announced its
2Q15 results last Thursday.
Excluding revenue and profit from the Jesselton Quay project, however, revenue for 1H15
dropped 8.1% y-o-y to RM136.3 million while
pre-tax profit declined 85% from RM42.4 million
to RM6.4 million, primarily due to an impairment loss of RM20.3 million on port assets and
provisions of RM13.5 million for share grant
and ESOS expenses.
We believe its long-term cash-generating
capability from its quality assets i.e. major
ports in Sabah remains intact; the provisions
may be related to corporate exercises such as
rights issue to be carried out later this year.
To recap, Suria partnered with SBC Corp
Bhd and Gabungan AQRS Bhd to develop the

Jesselton Quay project a waterfront mixed
development project with total net sale value
of RM2.9 billion in Kota Kinabalu. In return
for its land, Suria would receive a minimum
guaranteed RM522 million over the 6-year
development period.
Predominantly an import/export port operator, Surias cargo volume is closely correlated
to Sabahs economy and, in particular, palm oil
exports. Revenue has been, historically, quite
steady fluctuating within a 10% band over
past five years as is gross margin, at over 40%.
The stock is trading at a trailing 12-month
P/E of 4.8 times and 35% below book value of
RM3.36 per share. Based on trailing 12-month
EBITDA of RM204.1 million, EV/EBITDA stands
at only 2.6 times, compared with Bintulu Ports
8.2 times and NCBs 14.6 times.
Suria has a minimum 35% dividend payout
policy. Dividends totalled 7 sen per share in
2014, giving a decent yield of 3.2%.
Valuation score*
2.00
2.30
Fundamental score**
11.54
TTM P/E (x)
(0.96)
TTM PEG (x)
0.72
P/NAV (x)
3.20
TTM Dividend yield (%)
620.49
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 283.33
1.07
Beta
1.90-2.64
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
Looking for
diamonds in
the rough?
Our challenge at The Edge Research
is to discover undervalued stocks and
separate the wheat from the chaff.
Would you like to join us on the quest?
We are looking for bright young minds
to join our research team.
Fresh graduates are most welcome to apply.
If you are interested, please send your rsum to:

The Manager, Human Resource Department
Email: hr.my@bizedge.com. Fax: 603-7721 8008
Only shortlisted candidates will be notied
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own
judgment or seek professional advice for your specic investment needs. We are not responsible for your investment
decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

(ALL FIGURES IN MYR MIL)
Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax prot
Net prot - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings

RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY12
FY13
FY14
FY2015Q1
31/12/2012
31/12/2013
31/12/2014
31/3/2015
262.9
117.1
36.4
80.7
1.5
13.4
0.5
69.3
50.2
263.3
122.7
40.0
82.7
2.6
11.1
0.9
75.2
56.7
273.1
122.2
43.6
78.6
3.3
9.3
0.2
72.8
52.1
61.8
29.0
10.0
19.0
0.9
1.9
(0.0)
18.0
13.4
659.9
84.5
215.8
288.6
37.4
77.8
1,102.5
794.6
187.1
870.8
252.4
308.0
32.7
150.8
1,148.8
819.0
154.9
837.8
230.4
290.0
33.5
89.5
1,159.2
848.3
121.9
832.7
267.3
315.1
33.8
90.2
1,178.5
861.7
122.8
FY12
FY13
31/12/2012
31/12/2013
31/12/2014
0.06
2.80
6.43
(4.74)
(6.24)
19.10
4.55
3.71
1.11
8.73
0.07
2.89
7.03
0.15
12.87
21.53
5.04
2.04
11.09
0.07
2.99
6.25
3.72
(8.08)
19.08
4.52
3.24
13.15
FY14 ROLLING 12-MTH
0.07
3.04
6.34
(4.07)
(12.08)
20.32
4.83
3.49
14.03
12 B R O K E R S C A L L / T E C H N I C A L S
FBM KLCI
not out of its
bearish trend
BY B ENN Y L EE
wo weeks ago, I wrote

that the FBM KLCI
could find support
at the next technical
support level at 1,540
points. The index
closed at 1,532.14 points last Monday, but immediately rebounded
yesterday. The index continued to
increase on the stronger ringgit and
rising crude oil prices. On a week to
week basis, the KLCI rose 2.9% to
1,609.21 points yesterday. The index
rose as high as 1,662 points yesterday, but declining crude oil prices
and the regional market weighed
down the market sentiment and
the index closed lower.
Trading volume was firm in the
past one week compared with the
previous week with a daily average
of 2.2 billion shares and a daily average value of 2.4 billion shares. The
buying came from local institutions
as foreign institutions extended
their selling. From Monday to Friday last week, net selling by foreign
institutions was RM806 million and
net buying by local institutions was

RM873.6 million.
Gainers trounced decliners 5
to 1 on the KLCI from last week.
Top gainers were SapuraKencana Petroleum Bhd (+21.8% from
last week), Hong Leong Financial
Group Bhd (+6.6%) and AMMB
Holdings Bhd (+6.4%). Top decliners were UMW Holdings Bhd
(-2.7%), Digi.Com Bhd (-2.3%) and
IOI Corp Bhd (-0.3%).
Markets in Asia rebounded from
last week, but pulled back in the
past two days to cut some earlier
gains and ended up mixed. Chinas
Shanghai Stock Exchange Composite Index increased 6.7% in a week
to 3,165.07 points. Hong Kongs
Hang Seng Index declined 1.0%
to 21,185.43 points. Japans Nikkei
225 index increased 2% in a week
to 18,165.69 points and Singapores
Straits Times shed only 0.1% to
2,882.77 points.
US and European markets rebounded as well. On Monday, the
US Dow Jones Industrial Average
rose 4.1% in a week to 16,528.03
points. Germanys DAX Index increased 6.3% to 10,259.46 points
in a week and Londons FTSE 100
rose 5.3% to 6,222.05 points.
Daily FBM KLCI chart as at September 1, 2015.
The US Dollar Index strengthened from 93.3 points a week ago to

95.9 points on Monday. The stronger US dollar caused the price of gold
to pull back. Commodity exchange
or Comex gold declined 1.8% in a
week to US$1,133.50 (RM4,715.36)
an ounce. West Texas Intermediate
or WTI crude oil jumped from its
lowest level in six years and increased 26.5% in a week to US$48.16
per barrel. Crude palm oil on Bursa
Malaysia increased 5.6% in a week
to RM2,009 per tonne.
The KLCI rose above the support
level at 1,600 points that was broken two weeks ago and this indicates support. The index tested the
short-term 30-day moving average
yesterday at 1,650 points and immediately pulled back. This indicates
that the trend is still technically
bearish. Furthermore, the KLCI is

also below the Ichimoku cloud indicator. The cloud is beginning to
become narrow and this indicates
that the market is about to move
into a correction.
Momentum indicators like the
RSI and Momentum Oscillator are
beginning to increase. However,
these indicators are still below their
mid levels and this indicates a weak
bearish momentum. Furthermore,
the KLCI is below the middle band
of the Bollinger Bands indicator.
The question now would be
whether the KLCI is able to turn
into a rally after the strong rebound
last week. The steep decline after
opening high yesterday indicates
a strong resistance. Furthermore,
the KLCI spot month futures are
at a huge 53-point discount and
this indicates that traders are not

convinced of the rebound in the
index. Henceforth, the index is expected to decline below the 1,600point level and to an immediate
support level at 1,560 points this
week. The market is also expected
to stay volatile.
Benny Lee is chief market strategist for Jupiter Securities Sdn Bhd.
Jupiter Securities is a participating broker in Bursa Malaysia. He
can be contacted at bennylee.kl@
gmail.com. The views expressed
in the article are the opinions of
the writer and should not be construed as investment advice. Please
exercise your own judgement or
seek professional advice for your
investment decisions.
THE EDGE FILE PHOTO
7-Eleven prot hit by lower sales growth, higher expenses

7-Eleven (M) Holdings Bhd
FYE DEC (RM MIL)
Revenue
Operating costs
Ebitda
Depn & amort
Interest expense
Interest & invt inc
Pre-tax profit
Tax
Tax rate (%)
Net profit
Core net profit
EPS (sen)
Core EPS (sen)
7-Eleven Malaysia Holdings Bhd

Sept 1 (RM1.46)
7-Elevens first half financial year
2015 (1HFY15) core net profit
came in below expectations, accounting for 35% of our full-year
forecast and 33% of consensus. No
dividend was declared, as expected. Its profitability was hit by lower
sales growth and higher selling and
distribution expenses from new
store expansion. We cut our FY15
to FY17 earnings forecasts by 2% to
12% and target price, based on an
unchanged price-earnings ratio of
23.6 times calendar year 2016 (20%
premium to its peers average).

We maintain our hold call as we
think that it is fairly valued at this level. An analysts briefing will be held
on Friday. For exposure to the consumer sector, we prefer QL Resources
due to its strong fundamentals and
more attractive valuation.
7-Elevens second-quarter
(2QFY15) core net profit fell 34.5%
year-on-year (y-o-y) to RM10.7 million even though revenue increased
by 2.1% y-o-y to RM482.3 million.
Year-to-date, 1HFY15 core net
profit declined 10.4% y-o-y to
RM25.1 million, although reve-
2Q
FY15
2Q
FY14
Y-O-Y %
CHG
Q-O-Q %
CHG
2QFY15
CUM
2QFY14
CUM
Y-O-Y %
CHG
PREV
FY15F
482.3
(455.6)
26.7
(12.6)
(0.1)
1.2
15.2
(4.4)
29.3
10.7
10.7
0.9
0.9
472.3
(439.5)
32.8
(9.1)
(1.4)
0.9
23.2
(6.8)
29.2
16.4
16.4
1.3
1.3
2.1
3.7
(18.5)
(93.6)
35.0
(34.4)
(34.3)
(34.5)
(34.5)
(34.5)
(34.5)
(4.5)
(4.2)
(9.3)
(25.4)
(30.8)
(25.2)
(24.8)
(25.3)
(25.3)
(25.3)
(25.3)
987.3
(931.1)
56.19
(23.3)
(0.2)
2.8
35.48
(10.4)
29.2
25.12
25.1
2.0
2.0
925.36
(868.5)
56.84
(17.9)
(3.2)
3.9
39.68
(11.6)
29.4
28.03
28.0
2.3
2.3
6.7
7.2
(1.1)
(93.5)
(27.0)
(10.6)
(11.1)
(0.6)
(10.4)
(10.4)
(10.4)
(10.4)
2,162.9
(2,026.5)
136.4
(42.3)
(0.5)
4.6
100.3
(29.1)
29.0
71.19
71.2
5.8
5.8
Source: CIMB, Company reports
nue registered a 6.7% y-o-y growth

to RM987.3 million.
The higher revenue was driven
by growth in new stores (total stores
as at June 30, 2015: 1,854 stores),
improved merchandise mix and
consumer promotion activity, but
this was dampened by the impact
from the goods and services tax
(GST) implementation, declining
consumer confidence and commencement of Ramadan fasting
two weeks earlier this year.
The higher revenue, however,
was negated by the higher selling

and distribution expenses, mainly caused by new store expansion
resulting in higher staff cost, rental cost and store depreciation expense, resulting in a drop in profit.
Staff cost increased 14.9% y-o-y
to RM13.1 million, rental increased
16.7% y-o-y to RM6 million and
depreciation expense increased
by 31.1% y-o-y to RM5.1 million.
On a quarterly basis, 2QFY15
core net profit declined 25.3% quarter-on-quarter (q-o-q) on the back
of a 4.5% q-o-q drop in revenue.

This was mainly due to the impact
of the GST implementation on April
1, 2015, declining consumer confidence, and the earlier start of Ramadan this year.
Although we expect 2HFY15 to
be stronger than 1HFY15, we reduce
our FY16 earnings forecast by 11.5%,
factoring in the higher selling and
distribution expenses due to growth
in new stores, which we expect will
lead to a compressed profit margin.
CIMB Research, Aug 31
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14 B R O K E R S C A L L
CIMB reports
1HFY15 net prot
below estimates
CIMB Group Holdings Bhd
Sept 1 (RM4.84)
Maintain buy recommendation with a maintained target
price (TP) of RM6.50: CIMB
Group Holdings Bhd reported
first half of financial year 2015
(1HFY15) net profit of RM1.2 billion (+10.3% quarter-on-quarter [q-o-q]; -39.5% year-on-year
[y-o-y]). The results fell short of
our and consensus estimates at
40% and 33% respectively.
The deviation stemmed from
higher-than-expected allowances and expenses due to a mutual
separation scheme (MSS) cost of
RM316 million taken during the
quarter. At the total income level, the results would have been in
line at 52% of our forecast.
Dampening its bottom line,
allowances for loan impairments
surged to RM1.1 billion versus
RM258.6 million in 1HFY14. The
elevated provisions were mainly
attributed to its Indonesian operations. That said, the group
believes that provisions in the
country have peaked, barring
further deterioration in economic
conditions.
From a business-as-usual
(BAU) perspective, pre-provi-
sioning operating profit (PPOP)

increased by a healthy 11.1%
y-o-y. Net interest income advanced 4.4% y-o-y to RM5.1 billion. Gross loans growth advanced
16.5% y-o-y to RM277.3 billion
(excluding foreign exchange [forex] fluctuations: 12.2% y-o-y). In
their respective currencies, loans
growth was led by others (+47.5%
y-o-y), Singapore (+15% y-o-y)
and Malaysia (+10.4% y-o-y).
Total deposits, meanwhile, expanded 9.6% y-o-y (excluding forex fluctuations: 6.2% y-o-y). Its
current account savings account
ratio strengthened to 35.1% versus 34.7% a year ago. Net interest
margin came under pressure, declining 24 basis points to 2.64%.
Playing its part, non-interest income jumped 17.3% y-o-y.
Movements during the year were a
result of forex gains and net gains
arising from derivative financial
instruments. The non-interest income/total income ratio inched
up to 31.9% (1HFY14: 29.4%).
Reported operating expenses
surged close to 20% y-o-y, owing
to one-off MSS cost amounting
to RM316 million. Excluding the
one-off, operating expenses increased at a slower pace of 6%
CIMB Group Holdings Bhd

FYE DEC 31 (RM MIL)
Net interest income

Non-interest income
Islamic Banking
Total operating
income
Pre-provisioning
profit
Pre-tax profit
Net profit
EPS (sen)
EPS growth (%)
Gross div (sen)
Div yield (%)
y-o-y to RM4.3 billion. Higher

spending was recorded in admin
and general (+10.3% y-o-y), personnel (+6.8% y-o-y) and marketing expenses (+4% y-o-y).
On a BAU basis, the cost-toincome (CTI) ratio improved to
56.7% (1HFY14: 57.9%).
Sequentially, net profit increased on higher operating income (+4.2% q-o-q) and better
cost management efforts. Overhead expenses declined 0.7%
q-o-q, aiding in a PPOP growth
of 10.9% q-o-q. The amount of
loan impairments (-0.9% q-o-q)
stabilised during the quarter.
In terms of asset quality, the
gross impaired loans ratio saw
an uptick to 3.3% versus 3.1%
in 1HFY14. This, however, was
backed by a higher loan loss coverage of 86.1% (1HFY14: 84.1%).
By capital position, its common equity tier 1 and total capital ratios stood at 9.7% and 13.9%
respectively.
A first interim net dividend of
three sen per share has been proposed. It will be paid via cash or
an optional dividend reinvestment
scheme. The total interim dividend amounts to a net payment
of RM255 million, translating into
2013
2014
2015F
2016F
2017F
7,954.1
4,599.6
1,592.9
8,655.5
3,931.1
1,461.3
8,909.2
4,064.9
1,505.1
9,461.3
4,248.6
1,565.3
10,004.3
4,487.4
1,659.2
14,146.6
14,048.0
14,479.2
15,275.3
16,150.9
6,214.0
5,849.2
4,540.4
53.5
4.5
23.2
4.6
5,854.0
4,276.4
3,106.8
36.6
(31.6)
15.0
3.0
5,723.7
4,044.4
3,086.9
36.4
(0.6)
18.3
3.7
7,005.5
5,922.3
4,551.6
53.6
47.5
27.0
5.4
7,467.7
6,456.7
4,968.5
58.5
9.2
29.5
5.9
Source: TA Securities
a dividend payout ratio of 20.9%

of 1HFY15 profits.
The increase in non-performing loans did not come as a surprise. The bulk of the increase was
due to Indonesia and Thailand.
The management believes the
worst is over. The second half of
2015 should show some improvement. As such, we are keeping our
forecasts unchanged.
Downside risks could, however, come from Malaysia, although
the asset quality here remains
intact for now.
The management is maintaining its target for FY15. At this juncture, we do not foresee the management meeting its return on
equity (ROE) target of 11%.
We predict a softer ROE of 8.1%
for FY15. The overall outlook for
the region continues to be challenging. Capital market activity
is also expected to remain weak.
Potential key upsides to earnings could stem from the ongoing
T18 initiatives as the group is extracting value from cost savings
(via the successful completion of
its investment banking rationalisation and MSS exercises), as well
as acceleration of key businesses

in the digital space, small and
medium enterprises and transaction banking.
The TP is maintained at
RM6.50. We continue to see value with the stock trading at FY15E
(estimate) price by volume of 1.1
times, below the industrys average of 1.2 times. Buy maintained
on CIMB.
Key upside/downside risks to
our fair value include: i) economic
and political risks in Thailand and
Indonesia; ii) additional lumpy
corporate provisions; iii) a pickup in capital market activity; iv)
a pickup in treasury and market
activity; v) further margin compression, especially in Indonesia;
vi) CIMB successfully reduces
costs to below the targeted 55%
CTI; and vii) external risk factors
due to uncertainties in the global market.
Another downside risk to the
share price is the stocks high foreign shareholding level of 29%,
although we believe the potential
selldown is limited as it is currently hovering at an eight-year
low. TA Securities, Sept 1
TCM posts lacklustre results on unfavourable exchange rates

Tan Chong Motor Holdings Bhd
Sept 1 (RM2.43)
Maintain hold call with a lower target price of RM2.53 from
RM2.99: We roll over our valuation to financial year 2016 forecast
(FY16F), pegging at 14 times FY16F
per earnings (-1 standard deviation below mean per earnings ratio
based on earnings per share of 18
sen). We remain cautious about the
stock and see no sign of immediate
recovery for the group with prevalent headwinds.
Tan Chong Motor Holdings
Bhds second quarter of FY15
(2QFY15) net profit was reported at RM14.16 million, plunging
46.3% quarter-on-quarter (q-o-q)
and 73.7% year-on-year (y-o-y).
Meanwhile, top line decreased
19.5% q-o-q but rose 16.2% y-o-y
to RM1.26 billion.
For the first half of FY15
(1HFY15), net profit was registered
at RM40.51 million, declining 57.5%
y-o-y. However, revenue increased
20.7% y-o-y to RM2.83 billion.
The groups 1HFY15 net profit was below expectations by accounting for 31% and 32% of our
and consensus full-year estimates
respectively. The lacklustre results
were mainly dented by unfavourable exchange rates and a competitive environment for the automotive sector.
There was a slump in bottom
line for 1HFY15 and 2QFY15 on a
y-o-y basis.
While the groups revenue surged
(1HFY15: +20.7% y-o-y; 2QFY15:
+16.2% y-o-y) on the back of higher
car sales and financial services, i.e.
hire purchase and insurance, the
lower earnings (1HFY15: -57.5%;
2QFY15: -73.7%) were attributed to
higher completely-knocked-down
(CKD) kit costs arising from unfavourable foreign exchange rates, i.e.
the sharp depreciation of the ringgit
against the US dollar, coupled with
fierce competition among carmakers that was driven by aggressive
campaigns and promotions.
In addition, the high base in
1HFY14 was subject to one-off
write-back of Nissan Vietnam Co
Ltds provision for an additional
import duty of RM56.27 million in
2QFY14 (equivalent to US$16.98
million). Excluding the write-back
in 2QFY14, 1HFY15 net earnings
still decreased 24.6% y-o-y, while
2QFY15 earnings grew 16.4% y-o-y.
The groups 2QFY15 net prof-
Tan Chong Motor Holdings Bhd

Revenue
Operating profit
Net profit
Operating margin (%)
Net profit margin (%)
EPS (sen)
PER (x)
P/BV (x)
EV/Ebitda (x)
Dividend yield (%)
Net gearing (%)
ROE (%)
2012
2013
2014
2015F
2016F
4,086.10
244.27
165.86
5.98
4.06
0.25
10.04
0.84
1.00
4.71
28.81
8.42
5,198.49
387.80
250.95
7.46
4.83
0.38
6.63
0.62
(0.64)
4.71
36.50
9.29
4,760.63
209.66
105.85
4.40
2.22
0.16
15.72
0.60
(0.82)
2.35
34.23
3.83
4,059.87
263.89
89.32
6.50
2.20
0.14
18.63
0.53
(1.53)
2.50
33.58
2.86
3,938.88
275.72
118.17
7.00
3.00
0.18
14.09
0.49
(3.49)
3.10
43.66
3.50
Source: Company, JF Apex
it failed to maintain its positive

growth after declining 46.3% q-o-q,
following weaker Nissan sales recorded in 2QFY15, coupled with
higher CKD costs as mentioned
above and marketing expenses. This
was evidenced by decreases in top
line of 19.5% q-o-q to RM1.26 billion and in earnings before interest
and tax by 34.7% q-o-q.
Nissan sales volume decreased
24% q-o-q mainly due to the high
base recorded in 1QFY15 as consumers rushed in to purchase
big-ticket items in anticipation of

possible higher prices upon implementation of the goods and services
tax in April.
We opine that the tough business
environment and the continued
competitive local automotive scene
will weigh on the group this year.
The Malaysian Automotive Association (MAA) has released vehicle
production and sales figures for the
first half of 2015 (1H15), indicating
a 3.3% slide as compared to 1H14.
The MAA also revised down its
full-year forecast for total industry volume to 670,000 units from

680,000 units in 2015 amid a challenging outlook. In addition, the
stronger US dollar against the ringgit is another threat to the groups
bottom line due to its large CKD
costs.
We envisage consumer spending to continue moderating in the
third quarter of 2015 (3Q15) as a
result of economic uncertainty,
coupled with rising costs of living.
To recap, the Consumer Sentiment
Index fell further to 71.7 points in
2Q15, from its six-year low of 72.6
points, according to statistics from
the Malaysian Institute of Economic Research.
We slashed our FY15F and
FY16F earnings estimates by 31%
and 26% respectively after significantly lowered our car sales assumptions by 18% for FY15F and
6% for FY16F, due to a challenging
operating environment ahead for
the automaker.
The group declared a single-tier
interim dividend of 4%, equivalent
to two sen per share, which was one
sen lower than in 1HFY14, in view
of the lacklustre results. JF Apex
Securities Bhd, Sept 1
G E N E R A L N E W S 15
IN BRIEF
Police to question Bersih 4

rally organisers
Maria Chin Abdullah among the seven to be investigated
BY MUZL I ZA MU STAFA
KUALA LUMPUR: The police have

called up seven members of the
Bersih 2.0 steering committee and
secretariat over last weekends 34hour rally, which Putrajaya had
earlier said was illegal.
Secretariat member Mandeep
Singh said he and six others had
been told to go to the federal police headquarters in Bukit Aman
today where they would be inves-
tigated for concealing a design to

commit an offence, attempting to
commit an activity detrimental to
parliamentary democracy, and
unlawful assembly, charges under
Sections 120, 124C and 141 of the
Penal Code.
We were called up and told this
morning (yesterday) at 10.30am.
We have five lawyers who will accompany us tomorrow (today),
he said yesterday.
Apart from Mandeep, the oth-
ers are Bersih 2.0 chairman Maria

Chin Abdullah, deputy chairman
Sarajun Hoda Abdul Hassan, treasurer Masjaliza Hamzah, national
representatives Farhana Abdul
Halim and Fadiah Nadwa Fikri,
and Adam Adli Abdul Halim.
This police directive comes after Home Minister Datuk Seri Ahmad Zahid Hamidi warned that
although there had been no arrests
prior to the Bersih 4 rally, they
could still take action against its
organisers after the event under

the Peaceful Assembly Act and
other regulations.
He said police would monitor the rally leaders as well as all
speeches made during the event,
which was held simultaneously
in Kuala Lumpur, Kota Kinabalu
and Kuching.
The police were earlier lauded
for exercising restraint and for not
disrupting the 34-hour rally in Kuala Lumpur. The Malaysian Insider
Msia reviewing French proposal for Rafale ghter jets

KUALA LUMPUR: Malaysia is reviewing a proposal from France
to buy Rafale fighter jets, but any
decision would depend on how affordable the aircraft are, Defence
Minister Datuk Seri Hishammuddin
Hussein said yesterday.
Malaysia, which wants to replace
its fleet of Russian MiG-29 fighters, is said to be looking at the Rafale, Boeings F/A-18, Swedish firm
Saabs Gripen and the Eurofighter
Typhoon, Reuters reported. French
manufacturer Dassault Aviation SA,
which builds the Rafale, is said to
be in talks with Malaysia to supply
16 of the multirole combat jets.
Its too soon to announce anything about it, Hishammuddin told
a joint news conference with French
Defence Minister Jean-Yves Le Drian
in Kuala Lumpur. Its part and par-
MMEA, Indonesia
to discuss hijack
suspect custody
KUALA LUMPUR: The Malaysian
Maritime Enforcement Agency
(MMEA) will meet with the Indonesian authorities on Sept 17 to
discuss the custody of the alleged
mastermind behind the MT Orkim Harmony hijacking case.
MMEA deputy director-general of operations Rear Admiral
Datuk Ahmad Puzi Ab Kahar
said, at present, the suspect was
in the custody of the Indonesian
authorities to facilitate the evidence-gathering process and
would only be extradited to Malaysia should the need arise.
Right now, the alleged mastermind behind the MT Orkim
Harmony hijacking case will continue to be investigated in Indonesia before any decision is made
to charge him in any of the countries involved, he told Bernama
here yesterday. Bernama
Le Drian inspecting the guard of honour mounted by the First Battalion Royal Malay
Regiment at the welcoming ceremony during his visit to the Ministry of Defence in
Kuala Lumpur yesterday. Photo by Bernama
cel of the industry and its a proposal

we looked at ... and I have been very
transparent with the Malaysian public that its a question of affordability,
he added.
A Malaysian decision had been

expected this year, but aviation industry executives have warned that
fiscal troubles stemming from lower
prices for oil and commodities could
lead to delays in placing the order.

Hishammuddin also said he had
no discussions yesterday with his
French counterpart on the procurement of Mistral helicopter carriers,
which the French are trying to sell.
Earlier, in Putrajaya, Prime Minister Datuk Seri Najib Razak held a
high-profile meeting with Le Drian
and French defence industry representatives, Bernama reported. The
meeting, which lasted for about an
hour, was held during a courtesy
call on Najib at the prime ministers
office in Perdana Putra.
According to a member of Le
Drians delegation, the meeting was
also attended by Hishammuddin,
and among other things, the discussion covered Malaysias interest to
purchase Mistral helicopter carriers. Reuters/Bernama
Judge recuses herself from Anwars case

BY V ANBALAG AN
KUALA LUMPUR: High Court judge

Datuk Asmabi Mohamed disqualified
herself yesterday from hearing Datuk
Seri Anwar Ibrahims judicial review
application on the Pardons Boards
decision to refuse him clemency.
Lawyer Latheefa Koya, representing Anwar and his family in
the recusal application, said the
judge allowed her clients request
after hearing submissions.
The judge allowed our application after hearing both parties in
chambers but gave no reason, she
told reporters. The hearing only lasted 20 minutes.
Federal counsel Suzana Atan had
told the judge the application should
be dismissed on the grounds that
there was no real danger of bias.
Latheefa, who was assisted by
Shahid Adli Kamaruddin, argued
that there would be an apparent bias
if Asmabi presided over the case.
In view of yesterdays outcome,

Latheefa said the judge also vacated
another judicial review application
by Anwar to challenge the Election
Commissions refusal to let him vote
in the Permatang Pauh by-election
early this year. The case was scheduled before Asmabi today.
Anwar, now serving a five-year
prison term for sodomy, has applied
to disqualify Asmabi two weeks ago
from hearing a judicial review on
the boards decision to refuse him
clemency. He said the judge was the
same senior federal counsel who
represented the government in his
suit against former prime minister
Tun Dr Mahathir Mohamad. The judicial review is to compel the board
to revisit its earlier decision to refuse
Anwar clemency.
Anwar, who was appointed deputy prime minister and finance minister in 1993 and was sacked on Sept
2, 1998, had challenged his dismissal
on grounds that Dr Mahathir only
informed the king of his removal

after the fact. Asmabi had appeared
in the suit in 2007 at the Court of
Appeal, which upheld a High Court
finding that the prime minister had
absolute power to appoint and dismiss his Cabinet members.
Anwars family members wife
Datuk Seri Dr Wan Azizah Wan Ismail, and daughters Nurul Izzah
and Nurul Nuha had on June
24 filed the application for a judicial review to quash the boards
March 16 decision. The applicants
had named the Pardons Board of
the Federal Territories, then attorney-general Tan Sri Abdul Gani
Patail and the government of Malaysia as respondents.
After Anwar lost his final sodomy
appeal on Feb 10 before the Federal
Court, his family on Feb 24 submitted
a petition for a royal pardon to the
Yang di-Pertuan Agong on behalf of
the former opposition leader. The
Malaysian Insider
Adopt safety culture to

reduce accidents at work
sites, says Dosh DG
SHAH ALAM: The Department of Occupational Safety
and Health (Dosh) has reminded employers and construction workers to adopt the
culture of safety and health
to prevent accidents at construction sites. Director-general Mohtar Musri said a preventive culture was necessary
because construction sites
carried high risks and workers were exposed to accidents.
Between January and June
this year, accidents at construction sites throughout the
country had taken 27 lives. In
the first seven months of this
year, 3,314 notices and 149
summonses had been issued
to errant contractors for not
complying with safety regulations at construction sites,
he told reporters after launching the IJM Health, Safety and
Environment Day here yesterday. Bernama
Crane cable snaps, two

Bangladeshi workers
seriously injured
KUALA LUMPUR: Two Bangladeshi labourers were seriously hurt, with one losing a
hand after it was crushed by
a luffing crane which broke
at the construction site of a
condominium near The Rainz
Residence, Bukit OUG, yesterday. In the 10.55am incident,
the jib of the crane broke and
fell from a height of about
30.5m on the two men, who
were working on the site. Kuala Lumpur Fire and Rescue
Department operations division assistant director Azizan Ismail said both victims,
in their 30s, could not save
themselves in time and were
caught under the cables of
the crane. One of the victims broke his leg while the
other lost his hand. We are
still investigating the cause
of the incident, he said when
contacted by Bernama yesterday. Both victims were being
treated at the Universiti Malaya Medical Centre, he said.
Bernama
MIC divisional polls to be

held from Sept 25 to 27
KUALA LUMPUR: The MIC announced yesterday that party divisional elections have
been set for Sept 25 to 27. Party
secretary-general A Sakthivel
said the nominations for the
elections would be held from
Sept 18 to 20. A total of 150
party divisions in the country
are eligible to hold the nominations and elections on these
dates. All the divisions have
been notified to make the
preparations, he said when
contacted by Bernama. The
divisional elections are being
held on the instruction of the
Registrar of Societies, which
has given the party until October to complete a re-election
process. Bernama
16 G E N E R A L N E W S
IN BRIEF
Make Selangor investment

rm a statutory body
Rafizi says this will provide checks and balances, accountability and transparency
BY MELATI A JALIL
PETALING JAYA: PKR lawmaker

Rafizi Ramli recommended yesterday that Darul Ehsan Investment
Group (DEIG) operate like a statutory body for better governance.
Rafizi said although DEIG was
being set up as a private company,
making it a statutory body could
provide checks and balances, and
accountability and transparency
as its operations could be made
public.
The issue is governance. It is
incumbent upon PKR and the leadership of the state government to
prove to the public that our governance is a lot better.
That includes having to consti-
tute a very independent governance

in the company, not just at the board
level but also at the management and
investment levels, he said in a press
conference at the PKR headquarters
yesterday.
This comes following criticism
of the setting up of DEIG, which has
been likened to debt-ridden 1Malaysia Development Bhd (1MDB).
Former Selangor menteri besar
(MB) Tan Sri Abdul Khalid Ibrahim
had asked why DEIG was not under
any state enactments and did not
need to table its financial statements
to the state assembly, despite being
responsible for the states RM6.3 billion investment assets.
When asked if PKR supported
DEIG, Rafizi replied, Yes.
Rafizi said he had forwarded the

suggestion to Selangor MB Mohamed
Azmin Ali and gave an assurance that
the state chief welcomed any suggestion to strengthen the companys
administration.
Hopefully, with the benefit of
hindsight, we put all this governance
process ahead of DEIG becoming operational, it will make sure the checks
and balances will be in place to allay
the fears of the public, Rafizi said.
Mohamed Azmin, who had previously denied similarities between
his brainchild and 1MDB, said
DEIG would not have any impact
on the state since the entity was
only responsible for investment
matters, while its policies would be
decided by Menteri Besar Incorpo-
rated and the state government.

He said the concept was similar to that practised by the federal
government in which the Finance
Ministrys MoF Incorporated was
fully owned by the Finance Ministry, but investments were handled
by Khazanah Nasional Bhd.
DAPs Tony Pua also defended
DEIG, saying that there was nothing
wrong with Selangors attempt to
consolidate its assets under a single
special purpose vehicle.
Pua added, however, Malaysians
should be concerned about the setup of DEIG, not because it would be
a 1MDB scandal, but to ensure the
new entity had a proper governance
structure to avoid the same fate as
1MDB. The Malaysian Insider
What waste separation as scheme comes into force?

BY RAYMU ND WONG
KUALA LUMPUR: Mandatory waste

separation at source started in many
parts of Malaysia yesterday, including the capital, but a large number of
people in Kuala Lumpur were ignorant of the scheme and their role in it.
Bukit Bandaraya Residents Association president Datuk M Ali said
there had been little to no information to raise awareness of the scheme
from the authorities.
Residents are left in the dark.
Those who do know about the waste
separation scheme dont know where
to start and others just do not know
that it is now mandatory, he said.
Ali said the authorities had done
a poor job of properly raising awareness and had only a few days ago
delivered brochures about the waste
separation scheme.
It was only on Aug 27 that Alam
Flora contacted me to discuss the way
forward on reaching the residents to
disseminate information. Its sad that
those in charge had sat on it until as
late as Aug 31, instead of reaching
out to the rakyat well in advance to
explain the format and procedure.
I have always been pushing for
government agencies and service providers to stop merely sloganeering
but to ensure actual delivery, he said.
Ali said while he empathised with
Alam Floras need for the residents to
cooperate in the scheme, the information flyers were only distributed
a few days before Sept 1.
A meeting between Alam Flora
and Bukit Bandaraya residents has
been tentatively scheduled for Sept
13, he said.
Kepong Community Centre
head Yee Poh Ping said while the
waste separation initiative was a
positive move, only time would
tell if the people would take to it.

Enforcement through fines will
only start next year, so maybe it is expected that it will take a few months
for the people to adapt, he said.
Yee said the people of Kepong had
long been separating their recyclable
waste. The people are used to keeping their old newspapers or plastics
for the men who come around in
their lorries, he said.
Bandar Baru Residents Association secretary Prem Kumar Nair said
it would take time for the people to
adopt the new practice.
Right now, many are still uncer-
tain about what they need to do. Its

new so its understandable that it will
take time to work, he said.
Prem said Alam Flora would
also be meeting with Bandar Baru
residents on Sept 13 to discuss the
scheme. It is a good initiative and we
will see how it goes at the meeting. If
100 residents show up, the meeting
would be a success, he said.
Meanwhile, those living in highrises are unsure how they are affected by the waste separation scheme.
I have heard about it (waste separation), but we have not been informed by the management. They
should be the ones coordinating this,

said Brendan Wong, who lives in a
condominium in Desa Petaling.
Joshua Bryan, who lives in a condominium in Jalan Klang Lama, also
said he had not been informed about
the mandatory waste separation.
The Malaysian Insider reported that
SW Corp Malaysia had been tasked
to work with residents associations,
Rukun Tetangga and joint management bodies (JMBs) towards a successful implementation of the scheme.
The main thing that the public
has to remember is that it is a 2+1
system, meaning two collection days
for residual waste and one day for
recyclable, garden and bulk wastes,
said National Solid Waste Management Department director-general
Mohd Rosli Abdullah.
Mohd Rosli had conceded that
implementing the scheme was a bit
of a challenge in non-landed and
high-rise buildings.
We do provide three types of bins
for those who live in high-rise buildings and it is the responsibility of the
JMB to ensure that the residents separate their waste accordingly. Once
we start to issue compounds, the JMB
will be penalised if the waste is not
separated, he said.
Under the Solid Waste and Public
Cleansing Management Act 2007,
households in Kuala Lumpur, Putrajaya, Pahang, Johor, Melaka, Negeri
Sembilan, Perlis and Kedah are required to separate their waste.
Beginning June 1 next year, households that do not separate their waste
will be compounded RM50 for the
first offence, and RM100 and RM500
for subsequent offences.
If the compounds are not paid, the
offender can be taken to court to face
a maximum fine of RM1,000. The
Malaysian Insider
Kedah assembly
member wins libel suit
ALOR SETAR: Bukit Lada assemblyman Datuk Ahmad
Lebai Sudin won his defamation suit against Kedah Barisan
Nasional executive secretary
Datuk Ariffin Man yesterday.
Judicial Commissioner Abu
Bakar Katar ordered the defendant to pay general damages of RM100,000 and issue a
public apology to the plaintiff.
The defendant was also ordered
to pay RM50,000 in aggravated
damages to the plaintiff. Ahmad Lebai sued Ariffin over the
latters statement in a speech at
a meeting in Dewan Seri Tanjung, Pokok Sena on Sept 28,
2013, which he claimed was
malicious and ill-intended to
disparage him. Bernama
30,000 units of PR1MA

houses in Pahang
KUANTAN: Pahang will build
30,000 units of houses under
the 1Malaysia Peoples Housing
Project (PR1MA). State Housing and Municipal Committee
chairman Datuk Seri Wan Rosdy Wan Ismail said the houses
costing RM150,000 would be
built at 70 locations. Currently, two of the projects, at Gambang, Kuantan and Triang, Bera
have been completed. We already have 20,000 applications
for the units, he told reporters
after the launch of a solid waste
management programme and
bottle collecting campaign at
Kompleks Dagangan Indera
Mahkota here yesterday.
Bernama
Cloud seeding over Sg

Layang dam in two weeks
NUSAJAYA: Cloud seeding operations over the Sungai Layang
dam will be conducted within
two weeks before the water rationing period is lifted on Sept
15. Johor Works, Regional and
Rural Development Committe
chairman Datuk Hasni Mohammad said even though it
rained the last few days, the
water level at the dam was still
low. At present, the water level in the Sungai Layang dam
had dropped to 18.99m from
the normal level of 26.6m, and
the water rationing would be
lifted if it exceeded 23.5m, he
said. Bernama
New lead in search

for missing students
GUA MUSANG: The search
and rescue team for the missing seven Orang Asli students
of Sekolah Kebangsaan (SK)
Pos Tohoi has found a new
lead with the discovery of a
socks, believed to belong to
one of the students yesterday.
The students have been missing for 10 days. Gua Musang
police chief Supt Saiful Bahri
Abdullah said the white socks
was found at about 11.30am in
a forest area, about an hours
walk from the school. The finding of the socks gave us a new
lead to continue the search,
he said when contacted by
Bernama. Bernama
O P I N I O N 17
Maybe this slowdown is dierent

There could be signs of changes that have the potential to upend a lot about how the world works today
CHART 2
CHART 1
BY JU STI N FOX
he global economy is
slowing down. A couple of the big emerging-market economies
that drove much of the
growth during the past
15 years have hit a wall; and the
question of the moment is whether
the biggest of them, China, is in real
trouble too.
Commodity prices are tanking.
Trade volumes are down. The Baltic
Dry Index of shipping costs, which
rebounded from a record low earlier
this year, is falling again.
These are all characteristics of a
cyclical downturn. And this is indeed
a cyclical downturn oil prices will
rise again some day, so will emerging-market stock and bond prices.
But there could also be something
else afoot. We could be seeing early signs of longer-term changes in
the global economy changes that
could be enormously positive, but
also have the potential to upend a
lot about how the world works today.
At this point these are just inklings,
but I did what I always do when I have
an inkling: I made some charts. First,
heres the picture on global trade
(Chart 1).
After a spectacular rise in the
2000s, trade volumes plummeted
after the 2008 financial crisis. They
then recovered, but declined again in
2013. More up-to-date figures for just
the G7 (Canada, France, Germany,
Italy, Japan, the United Kingdom, the
United States) and Briics (Brazil, Russia, India, Indonesia, China, South
Africa) countries show that the decline may be accelerating (Chart 2).
Again, these things do go in waves.
But theres good reason to think that
the trade gains of the 1990s and 2000s
probably wont be replicated any
time soon. As Michael Francis and
Louis Morel of the Bank of Canada
summed up in a recent report:
Trade reforms and technological
innovations that lowered trade costs
during the 1990s had a substantial
effect on global trade by encouraging
emerging markets to integrate into
the global economy and by making
global value chains economically
viable. As a result, global trade rose
relative to gross domestic product
(GDP). However, since this process
is largely complete, the underlying
incentives to expand trade are likely
weaker now than they were in previous decades, leaving the world in
a state where trade is neither rising
nor falling relative to GDP.
A related argument is the one
thats been made by Harold Sirkin
of the Boston Consulting Group for
several years: Building global supply
chains became so fashionable for
Western manufacturers that they
built them even when it made sense
to keep production closer to customers; now theyre retrenching and re-
vising their approach.

Still, I cant help but think (perhaps wishfully think) that what were
seeing might also be the beginnings
of a plateauing in the worlds demand
for things and, even more, the resources needed to make those things.
After all, the latest United Nations
population projections, released in
July, do indicate that we may be nearing a plateauing of the number of
people on the planet (Chart 3).
Still, in the median forecast, the
plateauing wont happen until the
end of the century. Its possible that
it wont happen at all. Also, there
are still billions of people around
the world hoping to emerge from
poverty and consume more things
and resources.
Wed have to see already-affluent
people buy fewer things and consume fewer resources to get the kind
of shift Im talking about. Are we
seeing that?
Well, sort of. Heres one remarka-
CHART 3
CHART 4
CHART 5
CHART 6
ble shift the US economy has made

during the past 65 years (Chart 4).
The US economy has grown so
much during this period that people
now are still buying more physical
stuff than they did in 1950. Still, there
are signs of a plateau. Consider the
iconic product of the US economy,
the automobile (Chart 5).
The big growth years definitely seem to be over, even though
US population has kept growing.
Still, this chart doesnt exactly offer
conclusive evidence. The trajectory on energy use is a little clearer
(Chart 6).
Americans use substantially less
energy per capita now than they did
in the 1990s. In Europe the trajectory
is muddled by the entry of Eastern
European countries into the global
economy in the 1990s, which brought
increased affluence and with it higher energy use but the low level is
an indication that the US likely still
has a lot of room to cut. The rapid
growth in energy use in China was

of course one of the factors behind
the global natural resources boom
that recently went bust.
The decline in Chinese demand
for natural resources during the
past year has been one of the main
things prompting observers to wonder if the country is undergoing a
much-sharper economic slowdown
than the official numbers indicate.
It may well be. But this also could be
evidence of the Chinese economys
shift away from resource-intensive
manufacturing and infrastructure
building and toward providing services for Chinese consumers.
Finally, consider the things that
people do want to spend their money on. The defining consumer product of our age is the smartphone. A
smartphone is a good, and it takes
resources to make and transport it.

Still, it takes a lot less resources
than, say, a car. Most of its value is in
the software that is loaded into the
device and the people, information
and entertainment you can connect
to with it.
Thats a different sort of value creation than 20th-century
resource-based value creation.
If thats the direction the global
economy is heading towards, the
connections between growth, trade
and resource consumption arent
going to be the same as they have
been. That is probably a good thing.
Bloomberg View
This column does not necessarily reflect the opinion of the editorial board
or Bloomberg LP and its owners.
18 F E AT U R E
Why the Fed will wait

PHOTOS BY REUTERS
robbing it of investment capital

and liquidity.
More generally, these outflows
are a reflection of the difficulties
that the asset class continues to
face in establishing a large and secure enough base of dedicated
investors.
Accordingly, with crossover
flows often being an important marginal price setter especially at
market extremes this is an asset
class that can (and does) overshoot
both on the way up and on the way
down (like now). So while considerable value has already been created
in certain names and segments of
the asset class, the path forward
will be a bumpy one.
BY
MOHAMED A EL-ERIAN
BLOOMBERG View
columnist Mohamed
A El-Erian answered
questions last Friday in
a live chat for readers
on the Bloomberg
terminal. Here is a
lightly edited transcript
of the conversation,
hosted by Bloomberg
Markets editor Joe
Weisenthal
Weisenthal: Its been an extraordinary week and theres a lot to talk
about, so lets get right into it with
a question that is sure to be on the
minds of a lot of traders. Given the
huge turnaround in risk assets
in the second half of the week, is
it possible the Federal Reserve
(Fed) will still go in September if
the economic data hold up?
El-Erian: I dont think so. I think
they will wait.
Remember, the Fed wishes to
avoid excessive financial volatility
and market instability (something
that I wrote about in the Bloomberg View column posted earlier
today [Aug 28]). In fact, for the last
few years, its major policy bet has
been to repress volatility in order
to bolster asset prices as a way of
encouraging household consumption and corporate investment.
I suspect that the last thing that
Fed officials would wish to do is
to fuel financial instability during
a time of global economic weakness and this notwithstanding
data that confirms that the United States continues to heal and
economically outperform others.
So as much as risk assets have
turned around dramatically during
the second half of this week, this
may not be enough to reassure the
Fed just yet to hike interest rates
for the first time in over nine years.
A view of the US Federal Reserve Board building in Washington DC. The Fed wishes to avoid excessive nancial volatility and market
instability, says El-Erian.
in the beginning of the week. Can

we say the coast is clear for now,
or could the volatility and the
selling resume?
Yes, markets have calmed down
on the back of Chinese policy actions, dovish statements by Fed
official Bill Dudley and some solid US data. But the underlying
causes of volatility are still with
us. They include the challenging
quest for high and sustained economic growth, over-reliance on
central banks and financial asset
prices that are still decoupled from
fundamentals.
As such, there are still many
economic and policy handoffs that
need to materialise to establish a
solid fundamental anchor for markets, and this in a political environment that is far from conducive.
When you add to that the structural change in market liquidity
one that reduces the size of
the intermediation function relative to end-user demand when
the market operating paradigm
changes the outlook is for more
bouts of volatility, some probably
quite extreme.
Mohamed, a customer is asking

about whether the world is at risk
of a global recession. Is that a
possibility, if the Fed is tightening
while China is slowing?
That risk has certainly grown. EuObviously todays (last Fridays) rope and Japan remain marred in
market action is dramatically less a vulnerable low level growth situvolatile than what we were seeing ation. As todays Brazil GDP (gross
Traders working on the oor of the New York Stock Exchange. By last Friday, market
action was dramatically less volatile than what was seen at the beginning of the week.
Shoppers reected in a window as they walk though Times Square in New York. The US
can continue to grow while the rest of the world is slowing but will nd it very hard to
achieve the escape velocity needed for economic lift-o.
domestic product) numbers show,

virtually every systemically important emerging economy is slowing
down. As such, the US economy
finds itself as the only meaningful
engine of global growth.
Thats the bad news. The good
news is that there are policy solutions and they involve a lot more
than just reliance on central banks
and there is ample private sector cash on the sideline willing to
engage. The key is to evolve into a
more enabling political process.

This (last) week we saw outflows
out of emerging markets (EMs)
the likes of which we havent seen
since the week of the Lehman
collapse. Are we near the bottom
for EM assets, or do we have further to go?
The outflows were caused by the
volatile losses experienced by the
asset class. And, in turn, they amplify the pressures on EM assets,
Mohamed, another customer is

curious about the idea of decoupling. In 2008, people were talking about the idea of China decoupling and growing despite a
US slowdown. Now its the other
way around, and people are saying the US can grow even with the
emerging world slowing down.
So, can the US grow with all this
weakness around the world?
Great question! And it speaks to
the difference between relative and
absolute decoupling.
The US can continue to grow
while the rest of the world is slowing. But it will find it very hard to
achieve the escape velocity needed for economic lift-off. And it will
continue to face downward pressure on its future growth potential.
One of the main sources of angst
that you hear a lot is that policymakers around the world (especially in developed markets)
lack the tools to address another crisis. Interest rates are near
zero, and a strong fiscal response
is seen as unlikely due to debt
levels and lack of political will. A
customer is asking: If we do see
another downturn, what kind of
techniques might the Fed have
at its disposal to address the situation?
In one sense, the world has used
quite a bit of its crisis management
ammo. Interest rates are already
very low and, concurrently, central banks balance sheets have
grown significantly both adding to questions in some peoples
mind as to the future effectiveness
of unconventional policies.
Add to that the possibility of
growing private sector risk aversion one that could fuel another
round of deleveraging and there
is cause to worry.
But, importantly, there are also
positive elements. If you look beyond central banks, there are still
quite a few underutilised policy
tools. The most important ones
have to do with unleashing existing growth capabilities and better
matching the will and wallet to
spend. Their effectiveness would
be turbocharged by the engagement of the significant amount of
cash now sitting on the sidelines
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F E AT U R E 1 9
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A woman cycling pass the headquarters of the Peoples Bank of China. It is hard to
imagine that the Chinese authorities would embark on a huge disposal of USTs without
consulting with their US counterparts.
(or being deployed in a non-economically productive fashion),

as well as transformational innovations.
In an ideal world, this more comprehensive set of policies would be
deployed now in order to reduce
the risks of a crisis down the road.
Again, its a question of political
will rather than economic/financial design.
According to JPMorgan, much
of this (last) weeks volatility
is attributed to programmatic
selling, into investors piling into
CTA funds (a CTA [commodities
trading adviser] fund is a hedge
fund that uses futures contracts
to achieve its investment objective) and risk-parity funds. Are
you worried about strategy overcrowding and algorithmic selling?
I am not as much worried as I am
conscious that this has become an
important factor in assessing market
technicals. Specifically, one should
not be surprised at a broader range
of markets overshoots that is prices that end up at levels well beyond
what would be warranted by fundamentals, whether its upward or
downward.
One of the discussion points that
arose this (last) week, amid the
volatility, had to do with China
selling some of its Treasury holdings in order to support the yuan.
A Bloomberg terminal user is
wondering what happens to the
US yield curve down the road,
when China doesnt have the
need to buy Treasuries to support its currency.
This is a very complex issue as it
speaks not only to Chinas behaviour, but also to what then happens to the cash that the country
raises by selling part of its holdings
of US Treasuries (USTs) and how
others react.
So with apologies my
answer will be wishy-washy and
non-deterministic. Sorry!
The key issues to watch include: the maturities that Chi-
na decides to sell, how the cash

is then deployed (particularly,
whether it ends up with another
central bank elsewhere or within
the private sector), who decides
to front run the Chinese sales,
and how other large holders of
Treasuries react.
If I may, let me end this reply
by a political observation. Absent
a significant deterioration in the
China-US relationship, it is hard
to imagine that the Chinese authorities would embark on a huge
disposal of USTs without consulting
with their US counterparts. There
is simply too much economic and
financial codependency between
the two. As such, America will have
the opportunity to minimise the
disruptive effects should these be
deemed large.
Mohamed, this question from
a terminal user gets back to the
Fed. Do you think theres still
too much obsession with when
the first rate hike will begin, as
opposed to the ultimate pace of
hikes once tightening does begin? Furthermore, do you think
the yield curve adequately reflects what the Fed has been communicating?
Yes. And we should expect Fed officials to deploy a lot of effort in the
weeks to come to decisively shift
market attention from the timing of
the first rate hike to the subsequent
path and terminal point.
We are looking at the prospect of what I have labelled as
the loosest tightening in the
modern history of the Fed. It is
one that will involve a very shallow path. Its destination will be a
policy rate below historical averages. And, rather than consisting
of quasi-automatic hikes at each
meeting, the process will be much
more data dependent and likely
to involve stop-go characteristics.
So while the obsession with the
timing is not surprising after all,
it would constitute the first hike in
over nine years it is a small part
of the policy equation.
All right, the most important

question of the day, and its something multiple customers want to
know about: Whats your forecast for the [New York] Jets this
season?
Oh man! You are killing me with
this question.
Having supported the Jets for so
many years, I cannot but hope for

the best maybe a 9-7 season that
allows us to sneak into the playoffs. But its a big hope a virtually
eternal one I suppose.
More realistically, we may well
be looking at something closer to a
6-10 season. And, you know what, I
would be happy with that, especial-
ly if the wins include two against the

New England Patriots! (Sorry Pats
fans!) Bloomberg View
Any opinions El-Erian expressed
are his own. Bloomberg makes no
recommendations about particular
securities or investment strategies.
20 FO CU S
BLOOMBERG
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der
mo
spa
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exc
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pro
and
is s
Responding to global turmoil

A variety of reasons have been suggested for this fast and furious market rout
PHOTOS BY SAMUEL ISAAC CHUA / THE EDGE SINGAPORE
dated Aug 24, DBS writes that markets have

been priced for perfection [and] do not like
the prospect of the end of a zero interest rate
policy in the United States. The bank sees
more volatility ahead as investors de-risk
portfolios in the run-up to the September
Federal Open Market Committee (FOMC)
meeting. The FOMC is the Fed body that
is responsible for open market operations,
including the setting of the Fed funds rate.
BY JOA N N G
t has been a bad couple of weeks all over

the world. Last Monday, the Dow Jones
Industrial Average dropped more than
1,000 points in the first minutes of trading. In China, the Shanghai Composite
Index has sunk below the 3,000 level
for the first time in eight months. Meanwhile,
in Singapore, the benchmark Straits Times
Index closed at a three-year low of 2,843.39
points last Monday. That represents a 19.9%
drop from its high of 3,549.85 points in April.
Currency and commodity markets have been
gyrating wildly too. The Malaysian ringgit hit
a record low of 3.0563 against the Singapore
dollar and a 17-year low of 4.2995 against
the US dollar. The price of Brent crude, one
of two widely used benchmarks for pricing
oil, fell below US$45 (RM187) a barrel for the
first time since 2009.
A variety of reasons have been suggested for this fast and furious market rout.
JPMorgans global asset allocation team
believes there are rising fears of a growth
slowdown in China, which would in turn have
a negative impact on the global economy.
The correction had started ... after Chinas
sudden devaluation of its currency. At the
time, there was enough doubt about Chinas motivation behind the move, leaving
open the possibility that the adjustment in
the currency was simply part of a planned
liberalisation of its currency market. But the
steady fall in global commodity prices and
[the] weak PMI (Purchasing Managers Index) [data] have now moved attention and
concerns to its economy, the bank says in
an Aug 21 report. The preliminary Caixin
China Manufacturing PMI fell to a 77-month
low of 47.1 in August.
Chua: Chinas devaluation rekindled memories of

the 1994 devaluation, which some argue was the
genesis of Southeast Asias woes.
Then, there have been fears of a currency war and a repeat of the Asian financial
crisis (AFC) of 1997. Chinas devaluation
rekindled memories of the 1994 devaluation, which some argue was the genesis of
Southeast Asias woes, says Chua Hak Bin,
head of emerging Asia economics at Bank
of America Merrill Lynch (BOAML). While
Chua adds that it is probably too much of
a stretch to blame Chinas devaluation for
the AFC, he does think the move contributed to the undercutting of export competitiveness in Asia. And, it is not helping Asian
economies or equity markets now either.
Chinas devaluation adds another level of
Tan: [Ahead of the AFC], when the US dollar began

to strengthen, Asian currencies began to strengthen
together.
risk and uncertainty for the rest of Asia, on

top of the looming Fed (Federal Reserve)
funds rate hike cycle. Asia is already not in
a good place compared to past Fed rate
hike episodes as exports are contracting,
domestic demand is sluggish and monetary
policy is out of sync with the Fed.
Indeed, the impending increase in the US
federal funds rate by the Fed is a third possible reason for the recent market mayhem.
DBS Chief Investment Office (CIO) calls it
a tightening tantrum, saying that markets
fear the Fed will make a policy mistake by
hiking rates soon, despite slowing growth
and continuing disinflation. In a client note
Consensus says no repeat of AFC

Even as prices of nearly every asset class
have fallen, many economists and strategists, however, have been actively painting
a positive picture of the global and Asian
economy. Tan Teck Leng, Asia-Pacific foreign exchange strategist on UBS CIO team,
says there are several important differences between the situation in Asia today
versus 1997.
Firstly, Asian economies have stronger
current account balances today than they
had then. With the exception of Indonesia
and India, all the major Asian economies
have current account surpluses. In 1996,
only China, Taiwan and Singapore did. They
also have larger foreign exchange reserves to
counter liquidity outflows. Only China and
Malaysia have foreign exchange reserves-toshort-term debt ratios that are lower today
than in 1996.
Also, Tan notes that Asian central banks
have shed pegs on their currencies to the
US dollar. [Ahead of the AFC], when the US
dollar began to strengthen, Asian currencies
began to strengthen together. Currencies
were not allowed to be the shock absorbers
for the economy, he explains.
Claudio Piron, head of foreign exchange
strategy for emerging Asia at BOAML, agrees.
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W E D N E SDAY S E P T E MB ER 2, 2015 D IG ITA LED G E DA ILY
FO CU S 21
BRYAN TAY / THE EDGE SINGAPORE
BERG
What will happen next?

UBS CIO, BLOOMBERG AS AT AUGUST 2015
Strategists do not see a repeat of the Asian nancial crisis because

current accounts are mostly in surplus
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nge
ees.
Fed hike still to come

There is little doubt, however, that economic
growth expectations for the region may need
to be trimmed. That is lengthening the odds
of the Fed deciding to raise rates at its Sept
16 and 17 meetings. According to the CME
Groups FedWatch, which is based on 30day Fed funds futures prices, the probability
of a September rate hike is now just 21.4%.
Citigroups economics research team,
however, thinks the markets have got it
wrong. We have stated repeatedly that it
will take a bunker buster to stop the Fed from
moving in September. To be a game changer, an event would have to be systemically
important and global, says the bank in an
Aug 20 research note. We expect the market
consensus for lift-off to reassemble around
September shortly. If the FOMC decided to
wait until October or even December for liftoff, [Fed chair Janet] Yellen would be asked
what she had learnt since September that
had changed her mind, which is a question
she cannot answer.
The devaluation of the yuan and the huge
slide in global markets may have set investors on edge, but they are unlikely to qualify as systemically important for the US. As
UBS senior global economist Paul Donovan
explains, what happens in China is likely to
make very little difference to the inflation
rate in the US. Instead, the Fed is likely to
focus more on the US labour market and
inflation to time its lift-off. And core infla-
Foreign exchange reserves are healthy

UBS CIO, BLOOMBERG AS AT AUGUST 2015
tion has been gathering momentum over

the last six months.
So, if the Fed defies market expectations and makes its move in September,
will there be another big global sell-off? Is
the worst of the rout yet to come? Frederic Neumann, co-head of Asian economics
research at HSBC, says current headlines
may be a little too sensational. For all the
talk about Fed hikes, it seems unlikely that
the Fed is about to embark on an aggressive
tightening cycle. And then, there are the
Bank of Japan and the European Central
Bank (ECB) that are still pumping money
into the system, helping to dampen the
rise of long-term interest rates globally.
Refinancing costs in most of the emerging
Asian markets might thus remain manageable for the time being.
In any case, markets may be too fixated on
the timing of the rate hike. Investors may be
better off positioning for it. Georgette Boele,
coordinator of currency and precious metals strategy at ABN AMRO Group Economics, is bullish about the US dollar. She sees
one rate hike in September and another in
December. The US dollar should rally on
this monetary policy divergence, she says.
With the Fed tightening even as the ECB is
easing, she is negative on the euro this year
and expects the euro and the US dollar to
reach parity soon.
On the equities front, Singapore is likely to be a safe haven in the face of growing
volatility, according to Kelvin Tay, regional
chief investment officer for the Southern
Asia-Pacific region at UBS. Historically, market volatility has increased ahead of a rate
lift-off. The Singapore market, however, has
typically lower volatility versus its Southeast
Asian peers and more defensive characteristics, Tay says.
Yet, careful stock selection and cognisance
of the fact that things are changing are key.
For instance, banks would seem to be the
logical beneficiaries of a higher interest rate
environment, and they performed well last
year. However, a number of other factors
could begin sapping their profitability. The
three local banks account for 33.4% of the STI,
so how they perform in the months ahead
will make a difference to the local markets
overall performance.
On the other hand, there are other STI
components that might be more buoyant.
Citigroups analysis of the five periods from
2010 to 2015 in which the STI declined more
than 10% showed that Singapore Telecommunications, StarHub, CapitaLand Mall
Trust, ST Engineering and SIA Engineering
typically outperformed.
While nobody is likely to be in the mood
to plough money into the market right now,
it is worth remembering the old adage about
being greedy when others are fearful. In the
uncertain weeks ahead, the markets seem
likely to become a lot more fearful. The
Edge Singapore
And currencies are undervalued

BOFA MERRILL LYNCH GLOBAL RESEARCH, BLOOMBERG
ave
ike
ate
ees
isk
ber
MC)
hat
ns,
ate.
He says this time around, there are no substantial overvaluations of emerging Asias
currencies. If anything, they all appear undervalued, based on our long-term valuation
model, he says. And he thinks there is policy
space for stimulus. Asias government balance sheets are far less dependent on foreign
exchange borrowing and they have since
established liquid domestic bond markets,
providing a spare policy tyre for borrowing
and financing spending. Additionally, there
is still ample room to cut policy rates in Asia.
If the consensus is right, then there are
perhaps buying opportunities in both equities and currencies. For instance, Singapore blue chips that have tumbled in recent
weeks may be oversold. The Edge Singapores
analysis suggests that any weakness in the
Singapore dollar is likely to have a limited
impact on both the valuations and earnings
of the Straits Times Index (STI) components.
Meanwhile, many foreign exchange
strategists say the ringgit is likely to rebound. It has not yet hit its all-time low of
close to 4.9 against the US dollar, which it
touched in 1998, but UBS Tan argues that
in trade-weighted terms, the currency has
already fallen to record lows. It might overshoot slightly its typical for a currency
to overshoot before correcting but it is
already at a very low point. Tans forecast
is for the ringgit to recover to 3.8 over a
12-month period.
On the equities front, Singapore is likely to be

a safe haven in the face of growing volatility,
says Tay.
10
Bilateral misalignment (%)
Overvalued
5
0
-5
Undervalued
-10
-15
-20
-25
IDR
MYR
SGD
CNY
INR
THB
TWD
KRW
PHP
Based on ination readings, the US Federal Reserve has more

reason to raise rates sooner rather than later
2.5
Core CPI
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
2012
0.5
2013
6-Month Change
2014
2015
12-Month Change
BLS AND CITI RESEARCH
Neumann: For all the talk about Fed hikes, it seems

unlikely that the Fed is about to embark on an
aggressive tightening cycle.
2 2 I N T E R NAT I O NA L B U S I N E S S
IN BRIEF
SEAs biggest companies

risk US$392b debt burden
Stoking concern about default risks, drawing parallels with 1998 meltdown
BY C H RI STOPHER LANGNER
& DAVI D YONG
SINGAPORE: Southeast Asias

biggest companies have increased debt sixfold since the
regional financial crisis, stoking
concern about default risks as
investors draw parallels with the
1998 meltdown.
The regions 100 largest listed
companies by assets, including
Thailands CP ALL Pcl, Petron
Corp of the Philippines and Singapores Wilmar International
Ltd, had accumulated US$392
billion (RM1.63 trillion) by June 30,

data compiled by Bloomberg show.
Thats up six times from December
1998. Debt loads as a proportion
of assets are climbing back near
levels from the crisis at 31.7%, up
from 29.5% in 2010.
Slowing regional growth, Chinas yuan devaluation and the outlook for higher US interest rates
sparked a sell-off in Southeast Asia
that sent the ringgit and the rupiah
to their lowest levels since 1998.
Default risk in Asia outside Japan
posted the sharpest jump in 2015
last month, bonds lost the most in
two years and shares suffered their

worst slide since 2011.
Companies still clearly have
their foot on the expansion throttle, they show no sign of slowing
down just yet at a time where the
road is becoming more bendy,
said Bertrand Jabouley, director
of Asia-Pacific corporate ratings
in Singapore at Standard & Poors.
Currency depreciations are the
bitter icing on the cake and they
come at a time when debt-funded
expansion has weakened corporate balance sheets.
S&P said foreign-currency debts
grew two to three times more rapidly than local debt for Malaysian,
Philippine and Indonesian companies between 2010 and 2014,
based on its own sample of the
top 100 companies. The borrowings made up 30% to 50% of total
debt there, it said.
The major test for financial discipline will be in the second half
of 2015 and even more in 2016,
said S&Ps Jabouley. Refinancing, especially with sizeable bond
maturities in 2017, could be the
iceberg waiting for the ship that
cruises too rapidly. Bloomberg
With strong new backer, Olam

gets what Noble needs
BY QU ENTI N W EBB
HONG KONG: Talk about peer envy. Mitsubishi Corp is backing a Singapore-listed trader with wobbly shares and an unhappy history with
short sellers. The US$1.1 billion (RM4.58 billion) vote of confidence
would be just the ticket for beleaguered Noble Group. But the US$29
billion Japanese outfit is actually pairing up with safer-looking Olam.
Mitsubishi is paying a full-looking price, perhaps because it was
chosen following a competitive auction. It will buy a 20% stake, threefifths in the form of new shares, and the rest from Olams founding
family, at S$2.75 (RM8.13) a share. Thats an almost 55% premium to
Olams market price before the announcement, implying a valuation
of more than 16 times consensus earnings for the financial year to
June 2016. That looks expensive when set against Olams five-year
average multiple of just over 12 times forward earnings. Mitsubishi
itself averages a little more than seven times over the same period.
There are several mitigating factors, though. Collaboration should
increase sales, although neither side will quantify the benefits.
And if long-term projects start paying off, Olams earnings should
in any case pick up sharply: forecasts for earnings per share two
years hence are 47% above the current financial year.
Olam differs from Noble in other ways, too. While sceptics are still
attacking the latters accounts, the support of Singapore state investor
Temasek has basically seen off the short-sellers, who began circling
Olam three years ago. Temaseks continued presence as a majority investor, even after the Mitsubishi investment, provides extra reassurance.
More generally, agricultural specialists have not suffered quite the
maelstrom that has engulfed traders such as Noble which focus on industrial inputs like coal or copper. Look at the difference between Bunge
whose shares are down 14% in a year and Glencore, down 59%.
Noble has floated the idea of a new strategic backer. If it can pin
one down on reasonable terms, that would be a useful step in its
rehabilitation. But it looks like a harder sell than Olam. Reuters
Thailand approves US$3.8b stimulus

BANGKOK: Thailands military government has approved economic measures worth a combined 136 billion baht (RM15.8 billion) aimed at boosting spending power in rural areas, as the junta
struggles to lift economic growth.
The measures include soft loans via village funds worth 60 billion
baht and a budget of 36 billion baht for sub-districts, Deputy Finance
Minister Wisut Srisuphan told reporters after a cabinet meeting.
The government will also speed up spending on small projects
with 40 billion baht, he added.
Southeast Asias second-largest economy has yet to regain traction
after the army seized power in May 2014 to end months of political
unrest, with exports and domestic demand stubbornly sluggish.
The national planning agency last month cut its 2015 economic growth forecast again to 2.7% to 3.2% from 3% to 4%. Reuters
An employee cleaning a blackjack table inside a casino, developed by Galaxy

Entertainment Group Ltd, ahead of its opening in Macau on May 27, 2015. While operators
hoped new projects including Galaxys two casinos would revive demand, travel to
Macau fell in July with visitors from China, down 6.1%. Photo by Bloomberg
Macau gaming plunges 36%

as casinos fail to spark visits
BY C ATHE RI NE C HE N
MACAU: Macaus casino malaise

deepened in August, with gaming
revenue falling a 15th straight month
as the recent opening of new gambling resorts failed to rouse a return
of mainland Chinese visitors over
the popular school holiday season.
Gross gaming revenue fell 35.5%
to 18.6 billion patacas (RM9.7 billion), widening from Julys 34.5%
drop, data from Macaus Gaming
Inspection and Coordination Bureau showed. That compared with
the median estimate of a 37.8% fall
from seven analysts surveyed by
Bloomberg.
The casino downturn has dragged
Macaus gross domestic product to
its lowest since 2011 as an economic
slowdown in China curbed visits by
mass market gamblers and high-rollers avoided the city amid Beijings
crackdown on graft.
While operators hoped new
projects including Galaxy Entertainment Group Ltds two casi-
nos opened in May would revive

demand, travel to Macau fell in July
with visitors from China the biggest group down 6.1%.
After the opening of Galaxy
phase two in May, the downward
trend of gaming revenue has been
remaining steady, which means incremental revenue brought by the
new opening is basically zero, said
Richard Huang, an analyst at Nomura Holdings Inc. The tougher
call is when the mass market can
really offset the destruction of highend demand.
Gross gaming revenue has fallen
36.5% year-to-date. Augusts deeper
decline reversed an easing in the industry since February when monthly
revenue plunged by a record 48.6%.
In response to the casino industry downturn, Macau will cut public
spending by about 1.4 billion patacas
in the fiscal year of 2015, reducing
costs in areas such as the purchase of
daily supplies and third-party services, according to a government statement posted yesterday. Bloomberg
Indian authority accuses

Google of abusing
search dominance
MUMBAI: Indias competition
authority has accused Google Inc of abusing its dominant
position in online search, people with knowledge of the matter said, which if proven could
force the US company to alter
its practices in a key market or
even pay a big fine. A preliminary report from the Competition Commission of India (CCI),
a quasi-judicial regulatory body,
found fault with Googles handling of its online advertising
services and search results, said
the people. Google is already
facing a billion-euro fine from
the European Union after accusations the company cheated
competitors by distorting Internet search results in favour of
its shopping service. Reuters
Spore development
charge rates for residential sites to stay the same
SINGAPORE: Developers have
little to cheer about amid the
tough market, with development
charge rates for residential sites
set to remain unchanged until
next Feb 29 at least, The Straits
Times reported. The Ministry
of National Development announced yesterday that the rates
for both landed and non-landed residential sites will stay the
same. Rates for sites to be used
for most other purposes, including commercial and hospitality,
will also not budge, but those
for industrial use sites will be
trimmed by an average of 3%.
HM Sampoerna to start
pre-marketing of up
to US$1.9b shares
JAKARTA: Indonesian cigarette maker PT HM Sampoerna is to start pre-marketing of
US$1.2 billion (RM4.99 billion)
to US$1.9 billion shares today,
IFR reported. The company has
already announced plans to sell
269.7 million rights shares on a
4-for-65 basis at a price range
of 63,000 rupiah (RM18.60)
to 99,000 rupiah apiece. The
pre-marketing for the stocks
will be done for two weeks after which the company will decide on the offering size. HM
Sampoerna is 98% controlled
by Philip Morris Inc. Reuters
Singapore Savings
Bonds rolled out for rst
issue MAS
SINGAPORE: The Monetary
Authority of Singapore (MAS)
rolled out the first issue of Singapore Savings Bonds (SSB) yesterday, promising a 2.63% average
annual return if they are held
for 10 years, The Straits Times
reported. The interest rate or
rate of return of the first SSB
issue will start at 0.96% for the
first year, data released by the
MAS showed. The rate will then
go up to 1.09% for those holding
the bonds into the second year,
which translates into an average
annual return of 1.02%. For the
third year, the rate of return will
be 1.93%, which means an average annual return of 1.32%.
China to push
mergers by
listed rms amid
market rout
SHANGHAI: China is urging
listed companies to merge and
restructure, according to an official statement, as the government seeks to avert a stock rout
and encourage investors to return to the market.
China will strongly encourage mergers and acquisitions involving listed firms to help push
reform of state companies and
inject vitality into the economy,
said a joint statement released
by four government agencies
late on Monday.
The notice also stressed
measures to boost the stock
market, including encouraging firms to pay cash dividends
to optimise investor returns and
encourage investors to hold
stocks for a long term, and urge
companies to buy back their
own stock which should see
prices rise.
The latest directive comes
amid a stock market crash which
has seen the benchmark index
plummet nearly 40% since peaking in mid-June, prompting a series of interventions by Beijing.
Global markets have also
swung wildly on fears about
slowing growth in China, the
worlds second-largest economy.
China last year announced a
combination of its top two train
makers, state-owned China CNR
Corp and CSR Corp, into a single
huge conglomerate sending
their shares soaring.
Market speculation about
possible mergers between state
giants has since focused on energy, shipping and telecommunications.
But energy giant Sinopec has
denied reports that the government is planning to merge the
firm with another domestic energy behemoth, China National
Petroleum Corp.
Bloomberg News reported
last month that Beijing may
merge two of its largest shipping companies, and there was
recent speculation that top telecommunications firms China
Unicom and China Telecom
would merge as the government
swapped the two companies
chairmen. AFP
I N T E R NAT I O NA L B U S I N E S S 23
IN BRIEF
China to clamp down

on forwards trading
Plans to tighten rules to curb speculation and volatility
SHANGHAI: Chinas central bank
plans to tighten rules on trading
of currency forwards from October, sources with direct knowledge of the matter told Reuters, in
a move to curb speculation and
volatility after a shock devaluation of the currency last month.
The Peoples Bank of China
(PBoC) has repeatedly intervened
to stabilise the yuan since the
Aug 11 devaluation billed as a
free-market reform sent shockwaves through global markets
and depressed emerging currencies.
The forwards move is yet another step to cushion unexpected
strong expectations of yuan depreciation after the devaluation, said
a senior trader at a major European

bank in Shanghai.
Together with increased frequency of intervention in the spot
market, this is another step backwards for Chinas currency reforms.
The sources said the PBoC would
require banks trading currency forwards to set aside reserves from
Oct 15. Banks will be required to
keep the equivalent of 20% of their
clients foreign exchange forwards
positions in US dollar reserves to
be held for a year at no interest,
they added.
The base for calculating reserves
will be the nominal value of new
contracts clients sign with banks to
purchase US dollars, or banks US
dollar sales to clients, traders said.
Excluding clients US dollar

sales to banks gives a clear signal
the move is aimed at curbing the
yuans depreciation expectations
in derivative markets, they said.
The PBoC did not immediately
respond to requests for comment.
The cost of betting on the yuan
is presently low in the onshore
market, traders said.
[The] cost to buy [US] dollars
in the forwards market will increase as banks will have to borrow money in the market to put
as reserves in the central bank,
and they will transfer the cost
to clients, said a trader with a
US bank in Hong Kong, who has
seen the new PBoC document.
Reuters
Freeport leaves Icahn lots of targets

BY ANTONY CU RRI E
NEW YORK: Freeport-McMoRans latest round of cuts still

leaves Carl Icahn plenty of targets. The struggling miners stock
has now soared some 33% since
it announced spending and staff
reductions last Thursday just
before the activist investor revealed he owned an 8.5% stake.
The pre-emptive strike wont be
enough to satisfy the feisty billionaire, though.
Shareholders are probably happy that at least something is being
done. Bad corporate governance
heads the list of concerns. Freeports three top executives chairman James Jim Bob Moffett, chief
executive Richard Adkerson and
head of Freeport-McMoRan Oil &
Gas James Flores comprise an
office of the chairman thats bound
to overpower lead independent
director Gerald Ford.
Questionable dealmaking has

also been a problem. In 2012,
Freeport bought another troubled
company, McMoRan Exploration,
for a 74% premium. Moffett was
a part-owner and served on the
board with Adkerson and Flores,
who at the time ran Plains Exploration, which Freeport bought on
the same day.
The upshot has been a declining share price. Before last Thursdays rally, Freeport shares had
lost 66% of their value this year
and 86% since the end of 2010.
Little wonder, then, that the stock
jumped a third after the company
announced it would slash its mining capital budget by a quarter, its
North American staff by a tenth
and reduce production in its US
copper mines.
Those measures address only
some of the criticisms Icahn set
forth in the regulatory filing disclosing his stake. The activist
Chinese manufacturing index slumps in August

BEIJING: Chinese manufacturing
activity fell into contraction in August, with an official index yesterday slumping to a three-year low in
the latest sign of a slowdown in the
worlds second-largest economy.
The official Purchasing Managers Index (PMI) came in at 49.7 last
month, the National Bureau of Statistics said in a statement.
The result, which tracks activity
in Chinas vast factory and workshop
sector, and considered a key barometer of the nations economic health,
was worse than Julys 50.0 reading and
the first contraction since February.
Man Group shares fall

after report China head
helping police probe
A figure above 50 signals expansion, while anything below indicates

shrinkage.
The result, which was in line with
the median estimate of economists
by Bloomberg News, is the lowest
official PMI since August 2012, but
was still better than an independent
survey sponsored by Chinese media
group Caixin.
The Caixin reading for August
plunged to a 77-month low of 47.3,
down from Julys 47.8, Caixin said in
a joint statement with Markit, a financial information services provider
that compiled the survey.
The updated result, however,

marked a slight improvement over
the preliminary figure of 47.1 announced earlier.
The outlook for Chinas economy
has turned decidedly pessimistic even
after gross domestic product registered an expansion of 7% in the April
to June quarter, surprising economists
on the upside.
Indicators in the current third
quarter have worsened as have concerns over the health of Chinas economy, leading to turmoil in overseas
stock markets as a bubble also deflates on domestic bourses. AFP
thinks executive pay is too high,

even though it was cut last year
after shareholders twice expressed
Their displeasure in non-binding
votes.
The bigger worry is whether
Freeport can get itself back on
track with falling output, low commodity prices and some US$20
billion (RM83.2 billion) of debt.
That amount is four times this
years expected earnings before
interest, taxes, depreciation and
amortisation, according to Reuters data.
Moffett is considering selling
US$1 billion of new shares to help
reduce the load. Icahn, though,
probably has something bigger
in mind: asset sales. Hiving off
the low-margin US copper mines
and even some of the businesses
bought in 2012 would improve
profitability and cut debt. This
battle is just getting started.
Reuters
China PMI
Data from Chinese government

Purchasing managers index
Measures the rate of change
compared to previous month
Aug
49.7
51.0
50
45
50.8
50.1
O
2014
Source : China NBS
50.1 50.2
49.9
A
J
2015
Yuan depreciation ends

free lunch oered by
structured products
HONG KONG: The yuans depreciation last month has greatly
dampened the appetite for yuan
structured products, as investors
who bet on the currencys appreciation using these products
face hefty losses. Thankfully for
them, the yuan has shown signs
of stabilising, but if it returns to
lows of 6.6 per US dollar and beyond, almost all investors holding
these derivative contracts will be
liable to burgeoning monthly
payments to their bank counterparties. Many banks have revised
down their forecasts for the onshore yuans performance, with
some expecting it to fall to 6.6
per US dollar by the end of this
year and 6.8 by 2016. Reuters
HKMA sells HK$6.2b to

keep Hong Kong dollar
in trading band
HONG KONG: The Hong Kong
Monetary Authority (HKMA)
stepped into the currency market
and sold HK$6.2 billion (RM3.33
billion) in Hong Kong dollar yesterday as the local currency hit the
strong end of its trading range. According to the HKMA, the latest
intervention will lift the aggregate
balance the sum of balances
on clearing accounts maintained
by banks with the authority to
HK$296.87 billion on Friday. The
Hong Kong dollar is pegged at 7.8
to the US dollar, but can trade between 7.75 and 7.85. Reuters
Chinas central bank to set

up US$10b Latin American
investment fund
Above 50 = increasing rate

of growth
55
LONDON/BEIJING: Shares in
British hedge fund manager
Man Group plc fell more than
6% in early trade yesterday, following a report that the head of
its China unit had been taken
into custody as part of a probe
into the countrys recent market volatility. Bloomberg reported on Monday that Man China
chairman Li Yifei was helping
the authorities investigating the
recent sharp swings in the countrys stock markets, noting this
did not mean she faced charges
or had done anything wrong.
The Chinese authorities have
been probing possible market
manipulation following wild
gyrations in the countrys stock
markets, which have plunged
around 40% since mid-June on
concerns about a slowing economy and a surprise devaluation
of the yuan last month. Reuters
BEIJING: Chinas central bank will

establish a US$10 billion (RM41.6
billion) fund for investment in Latin American countries, it said in a
statement on its website yesterday.
The fund will be jointly managed
by the central bank, policy lender
China Development Bank and
the countrys foreign exchange
regulator. Areas in which the fund
will invest include manufacturing, hi-tech, agriculture, energy
and mining companies, as well as
infrastructure projects. Reuters
2 4 I N T E R NAT I O NA L B U S I N E S S
IN BRIEF
Oils three big days wipe

out a month of losses
German unemployment
rate steady at historic
low in August
Opec signals a possible cut in future production

BY MA RK SH ENK
NEW YORK: The Organization of

the Petroleum Exporting Countries (Opec) signalled that it may
cut production in the future and
the United States lowered output
estimates, propelling oil back into
a bull market less than a week after
hitting a six-year low.
Prices surged 8.8% on Monday
in New York, capping the biggest
three-day gain in 25 years.
The US Energy Information Administration (EIA) changed the way
it calculates how much oil comes
RBA holds
rates as Aussie
cushions
commodity drop
BY MI C H A EL HEATH
SYDNEY: Australia left interest

rates unchanged yesterday as
a declining currency cushions
the impact of lower commodity prices and a weaker outlook
for key trading partner China.
Reserve Bank of Australia
(RBA) governor Glenn Stevens
and his board kept the cash rate
at a record-low 2%, as predicted by markets and economists
following reductions in May
and February. The currency
has dropped more than two
US cents since the last meeting.
Most of the available information suggests that moderate
expansion in the economy continues, Stevens said of Australia
in his statement. Equity markets
have been considerably more
volatile of late, associated with
developments in China, referring
to the stock rout in that country.
Stevens altered his language
on expectations for the Federal
Reserves first rate increase to
the period ahead from last
months later this year. The US
tightening is expected to exert
further downward pressure on
the Australian dollar.
The weaker Aussie is having
an increasingly supportive impact on sectors like education
and domestic tourism, said Justin Tyler, an investment manager
at Aberdeen Asset Management
Ltd in Sydney. However, the RBA
remains aware of the risks posed
by potential weakness on the part
of our major trading partners,
particularly China.
The currency was slightly
weaker after the RBA decision
and was trading at 71.28 US cents
at 3.05pm in Sydney. Bloomberg
out of the ground, using a survey of

producers in key states. As a result,
13.2 million barrels of oil production vanished with a government
blog post.
Opec renewed its commitment
to talk to other crude exporters to
achieve fair and reasonable prices, according to the groups monthly magazine. Opec wont prop up
oil prices by cutting supply unless
non-member nations agree to share
the burden, according to the bulletin. So is the glut over? Depends on
who you ask.
Phil Verleger, president of the eco-
nomic consulting company PKVerleger LLC, said the global market

could be rebalanced as soon as early
next year after the US revisions.
The bullish headlines, combined
with money managers holding bearish bets that are nearly triple the average over the past 10 years, led to what
could be a short-lived rally, warned Ed
Morse, the head of global commodity research at Citigroup Inc. Its too
early to fully trust the EIAs new data,
he said in a research note, and theres
no reason to believe any non-Opec
countries will work with the group to
cut production. Russian production
has remained high because the weak

ruble has lowered costs there, while
Mexico is trying to increase output
amid a historic energy reform.
For some analysts, it all comes
down to Saudi Arabia, Opecs biggest
producer. The Saudis led the way in
maintaining production levels in order to preserve market share, even as
prices sank by more than half since
the middle of last year.
Until Saudi Arabia says something this is all meaningless, Mike
Wittner, head of oil-market research
at Societe Generale SA in New York,
said by phone. Bloomberg
Samsung releases revamped smartwatch

BY SP ENCE R S O P E R
SEOUL: Samsung Electronics Co Ltd

released its new Gear S2 smartwatch
yesterday, looking to regain traction
in the wearable technology market
quickly being dominated by the Apple Watch.
Samsung introduced two versions
of the new round-faced device to be
run on the companys Tizen operating system, which will limit its reach.
Google Inc last year introduced an Android operating system as a software
solution for wearable manufacturers.
Apple Inc sold 3.6 million watches
in the second quarter, making it the
top provider of smart wearable devices after just one quarter of sales,
market research firm International
Data Corp (IDC) said in a report last
week. While Samsung didnt release
Samsung
introduced two
versions of the new
round-faced device
to be run on the
companys Tizen
operating system.
any apps for the Gear S2 yesterday,

the new watch will allow for mobile
payments, smart car keys and remote
control of home devices, the South
Korean company said in a statement.
Basic wearables differ from
smart wearables in that they dont
run third-party applications. Other
companies making fitness wearables
include Garmin Ltd and Jawbone Inc.
IDC estimates that the smart
devices sector will grow to 89 mil-
lion units in 2019 from 33 million

this year, surpassing sales of basic
wearables, which are forecast to
increase to 66 million units in 2019
from 39 million this year. The new
Samsung watch features a 1.2-inch
(3cm) circular screen with a thickness of 11.4mm. It will include ata-glance notifications for calendars, email and news, and enables
users to send text messages from
their wrists. Bloomberg
Google antitrust spat riddled with holes

BY DOM INIC E LLI OTT
LONDON: The European Commission (EC) will probably need to keep

searching if it is to succeed in its aim
to break up Google. The search giants robust response last Thursday
to Brussels antitrust charges implies
the rap sheet is riddled with holes.
It also ratchets up a complex theoretical battle over what constitutes
a monopoly.
It is possible to quibble with Googles rejection of the ECs claim that
the search engine favours its own
shopping service over those of rivals
in results. Google points out that
Amazon and eBay are competitors
and merit similar scrutiny. But their
metier is really letting consumers
compare products, not prices. By
contrast, Google stands accused of
promoting its own price-comparison
services within the European Union.

Online marketplaces are protean
and there are grey areas. The Internets shifting dynamics provide support for Googles assertion that it is
not a utility. That is a vital point under
competition law: a utility is legally
obliged to provide the businesses
dependent on it with the same services. That uncertainty will probably
require the commission to deliver a
stronger standard of proof in this case
if it is to defeat Google decisively.
Nor are end-customers likely to
have suffered much, even if the EC
can prove that Google has engaged
in anticompetitive practices. United
Kingdom customers, for instance,
saved 2.9% using Google Shopping
as opposed to top-ranked retailers
in its search results, found a study by
pro-EU think tank Centre for European Reform. Besides, the transaction
costs of switching to an alternative

search portal like Microsofts Bing
or Yahoo Search are zero.
Googles dominance may have
hurt consumers in other ways. The
popularity of its search engine in
Europe greater than for any other region means that companies
feel compelled to bid aggressively to
secure a top billing. That has pushed
the prices of its online auctions, conducted daily for industries such as
travel, to exorbitant highs. That makes
it less likely that customers will access
bespoke products or services from
companies that may be superior,
but have less marketing firepower.
It is also possible that Google
could in future abuse its position
by using its treasure trove of data
to enter new markets. In this case,
though, the onus is now on the EC
to deliver results. Reuters
FRANKFURT: German unemployment remained at historically low levels in August as

the recovery in Europes biggest economy continued on
track, data showed yesterday.
The number of people registered as unemployed in Germany fell by a seasonally-adjusted 7,000 to 2.79 million,
the lowest level since December 1991, the Federal Labour
Office said. That was slightly
more than expected, as analysts had been pencilling in a
decline of around 5,000. The
unemployment rate stood at
6.4% in August, unchanged
from July and the lowest level
since west and east Germany
reunited in 1990 after the fall
of the Berlin Wall the previous
year. AFP
IMF chief: Emerging

economies must be vigilant over China slowdown
JAKARTA: The International
Monetary Fund (IMF) managing director Christine Lagarde
warned yesterday that greater
resilience would be needed
from the worlds emerging
economies to handle Chinas slowdown, warning the
road ahead could be somewhat bumpy. The IMF chief
also cautioned that global
growth this year would be
likely weaker than previously anticipated, less than
two months after the IMF cut
its global forecast for 2015 to
3.3%. The IMF still expects
Asia to lead global growth,
but Lagarde admitted the pace
was slower than expected and
could further lag, highlighting
the need for ever greater resilience. AFP
Netix loses top

lms, Hulu gains in
streaming deal
LOS ANGELES: A big shakeup of online streaming catalogues has Netflix losing major
films to Hulu in a recent deal.
The popular Netflix platform
announced over the weekend it had decided to let go
of blockbuster films such as
Hunger Games: Catching Fire
and World War Z so that it
can focus on original ontent.
Entertainment company Epix
subsequently said it was shifting partners to Hulu, which
will be picking up the licensing for major films leaving its
streaming rival Netflix.
Ex-US special agent

pleads guilty to taking
US$800,000 in Bitcoin
WASHINGTON: A former US
Secret Service special agent
pleaded guilty to taking more
than US$800,000 of electronic
Bitcoin currency while investigating the Silk Road online
black market, the Justice Department said on Monday.
The Silk Road was a website
where sometimes illegal transactions could be conducted
secretly in Bitcoin. AFP
I N T E R NAT I O NA L N E W S 2 5
Taiwan porn star travel cards sell out amid controversy

TAIPEI: Thousands of prepaid
travel cards featuring a popular
Japanese porn star were sold out
in a matter of hours in Taipei yesterday, despite a groundswell of
objection from womens groups
and politicians.
All 30,000 commuter cards featuring Yui Hatano were sold out
by 4.18am local time after going
on sale at midnight, the EasyCard
Corporation said in a statement.
The two versions of the cards
Angels and Demons, both bearing a photo of the adult film star
and priced at NT$500 (RM64.21)
were limited to telephone sales
only, after the distributor reached a
compromise that kept the product
out of stores.
Despite the red-hot sales, the
company apologised for the controversy and promised not to issue
any more cards featuring Hatano,
but said it did not believe the photos
printed on the cards were lewd.
Outrage after
three journalists
killed in the
Philippines
MANILA: Three journalists in
the Philippines have been shot
dead just days apart, press groups
said yesterday, as they warned of
further media bloodshed without serious government action.
The nation has long been
one of the worlds most dangerous places for journalists, with
powerful figures able to kill critics in the knowledge they will
rarely face punishment.
We call on President Benigno Aquino to give top priority to swiftly resolving these
egregious cases, said Shawn
Crispin, senior Southeast Asia
representative for the Committee to Protect Journalists (CPJ).
Until Aquino demonstrates
his government is serious about
ending the onslaught, the killings will inevitably continue.
Police and the CPJ said the
latest victim was radio commentator Cosme Maestrado, 46, who
was shot dead in front of a public market in the southern port
city of Ozamiz last Thursday.
The Philippines is infamous for a culture of impunity, where the rich and powerful can literally get away with
murder by taking advantage
of corrupt police and judicial
figures. AFP
Chinese president
welcomes Sudan leader
All 30,000 commuter cards
featuring Hatano were
sold out by 4.18am local
time after going on sale at
midnight. Photo by AFP
The Demons version shows

Hatano wearing an off-the-shoulder
black dress while the Angels card
features her wearing a white dress.
We wont release more. We
hope this is the end of the event,
company spokesman Liao Tai-
shiang told AFP, adding that profits

from the release would be donated
to charity.
The companys apologies failed
to quell politicians anger.
City councillor Chung Hsiaoping of the Kuomintang party filed
a lawsuit against Taipei mayor Ko

Wen-je and EasyCard chairman Tai
Chi-chuan yesterday on charges of
betrayal of trust and contempt of
authority.
The Taipei-based Modern Womens Foundation also lambasted the
promotion.
Were very disappointed,
spokesman Wu Tzu-ying told AFP.
The company should not have
profited from the strategy that has
objectified women.
7-Eleven and other major convenience store chains also boycotted the controversial cards ahead of
yesterdays sale. AFP
Beijing to announce
military overhaul
Moving it closer to a US-style joint command structure
BEIJING: China President Xi Jinping will as soon as this month
announce the most sweeping overhaul of the military in at least three
decades, moving it closer to a USstyle joint command structure, people familiar with the matter said.
The blueprint would unify the
army, navy, air force and strategic
missile corps under one command,
said the people, who asked not to
be identified because the proposal
hadnt been released. The plans call
for thinning the ranks of officers
and traditional ground forces, helping elevate the role of the navy and
air force, to better project force in a
modern conflict, they said.
It would also consolidate the
countrys seven military regions
to as few as four, one of the people said.
Xi is preparing to unveil the
proposal in the wake of tomorrows World War II anniversary
parade in Beijing, which will showcase his authority over the Peoples
Liberation Army (PLA) and Chinas
growing clout in the region. The
plan to mold the military into a
force that meets Xis goal of being
able to fight and win a modern
war has been delayed for months
as anti-graft investigators swept
up dozens of current and retired
generals, referring the PLAs former
top general to prosecutors in July.
Xi mainly employed the anti-corruption campaign in the military to form his absolute command over the army, so that his
military restructuring plan can
press ahead after being initially
stalled, said Yue Gang, a retired
colonel in the PLAs General Staff
Department. Now, his authority
in the army is solid enough for him
to flesh out his vision to transform
the military and set it on a path to
emulate the United States.
The Ministry of National Defense didnt respond to a faxed

request for comment.
The plan would set out the details of the Communist Partys endorsement of a joint military command in November 2013. The new
system which includes a joint
command at both the regional and
national level would replace the
region-based structure that emphasises the army and predates
the countrys founding in 1949 at
a time Communist soldiers were
clashing with Japanese invaders
and Nationalist troops.
Such a command system is seen
as necessary to improve communications and coordinate modern
forces across the various arms of the
military. The organisational changes would aid Chinas shift from a
land-based military to one able to
project force far from its coastline.
Bloomberg
Newest China ight disturbance ghting pilots

BEIJING: After a series of flight
disruptions by angry or unruly
passengers, Chinese media yesterday revealed a new menace to
air travel in the country: fighting
pilots.
Two of them came to blows in
the cockpit of a China United Airlines (CUA) flight in June, the offi-
IN BRIEF
cial news agency Xinhua reported.

Few details such as the route
the budget airline was operating, or
how many people were on board
were available.
The incident only came to light
when it was mentioned in passing
in a Civil Aviation Administration
of China announcement of CUAs
punishment a 10% cut in its flying hours and a ban on new routes,
Xinhua said.
The airline sought to play down
concerns, saying the pilots only
had some physical contact due
to a misunderstanding and denying it escalated into a fight, the
report said.
But CUA said the pair had been

grounded for six months, Xinhua
added.
Unruly passenger behaviour regularly makes headlines in Chinese
media as air travel booms, with unfamiliar or drunken travellers even
sometimes trying to open doors in
mid-flight. AFP
BEIJING: Chinese President

Xi Jinping welcomed Sudans
President Omar Hassan alBashir, an accused war criminal, as an old friend yesterday, as Chinas foreign ministry
defended his invitation to a military parade to mark the end of
World War II. The Hague-based
International Criminal Court
(ICC) issued arrest warrants
for Bashir in 2009 and 2010,
accusing him of masterminding
genocide and other atrocities in
his campaign to crush a revolt
in the western Darfur region.
Members of the ICC are obliged
to act on arrest warrants, but
China is not a member. Meeting in Beijings cavernous Great
Hall of the People, Xi lauded
the partnership between the
two countries. Reuters
China rebus Japans complaint about Bans visit

BEIJING: China yesterday rebuffed as irritating complaints from Japan about the
Beijing visit of UN Secretary-General Ban Ki-moon to
watch a military parade marking the end of World War II.
Thousands of Chinese troops
will march through central Beijing tomorrow to commemorate the 70th anniversary of the
wars end, overseen by Chinese
President Xi Jinping. Western
leaders have mostly declined to
attend, as has Japanese Prime
Minister Shinzo Abe. Japanese
media reported that Japans foreign ministry expressed strong
displeasure with Bans attendance. Reuters
Taiwan jails man indicted

as Beijing spy
TAIPEI: A Taiwanese district
court yesterday found a Chinese man guilty of recruiting
local military officers to spy for
Beijing and sentenced him to
four years in jail. Zhen Xiaojiang, who served in Chinas
army, was charged in January
for violating national security law along with six Taiwanese military officials. The defendant Zhen followed orders
from the Chinese Communist
army ... arranged frequent, long
meetings to introduce active
and retired officials to mainland military officials, according to a statement posted on the
courts website. AFP
British sperm bank tells

men prove your worth
LONDON: The head of Britains
national sperm bank urged men
to prove their manhood and help
ease a shortage after the centre
signed up just nine registered
donors in the year since its creation. If I advertised saying Men,
prove your worth, show me how
good you are, then I would get
hundreds of donors, Laura Witjens, the chief executive, told The
Guardian newspaper. Thats
the way the Danish do it. They
proudly say, This is the Viking
invasion, exports from Denmark
are beer, Lego and sperm. Its a
source of pride. Reuters
2 6 I N T E R NAT I O NA L N E W S
IN BRIEF
All seats to be contested

in Singapore election
Satellite images conrm

major temple destroyed in
Syrias Palmyra UN
Opposition has fragmented into many parties, running candidates against each other
BY C H RI S B L A KE & ANDR EA TAN
SINGAPORE: When Singaporeans head to the polls on Sept 11,

voters in every district will have
at least two political parties to
choose from for the first time
since the founding of the modern
city state 50 years ago.
That may give the clearest picture yet of the degree of opposition
to the Peoples Action Party (PAP),
which is almost certain to extend
its unbroken run in government.
While opposition parties
who made gains in the past two
elections are fielding candidates in all 29 districts, including
Journalists
acquitted in Thai
defamation trial
BY PORNCHAI KITTIWONGSAKUL
PHUKET: An Australian journalist and his Thai colleague

were acquitted of criminal defamation yesterday over a report
implicating Thailands navy in
human trafficking, as the country faces heavy criticism for its
role in the deadly trade.
The pair were also found
not guilty on another charge
of breaching the nations
tough Computer Crimes Act
in a high-profile trial that had
sparked condemnation from
human rights groups and the
United Nations.
Alan Morison and Chutima
Sidasathian, of the Phuketwan
news website, had faced up to
seven years in jail over a July 2013
article quoting a Reuters news
agency investigation that said
some Thai navy members were
involved in trafficking Rohingya
Muslims fleeing Myanmar.
The court has acquitted
[the pair], their lawyer Siriwan
Vongkietpaisan told AFP. AFP
the one late leader Lee Kuan Yew

held until his death in March, they
face an uphill battle, in part due
to the timing of the polls. The opposition has also fragmented into
at least half a dozen parties and in
some cases will be running candidates against each other.
The PAP, now led by Kuan Yews
son, Prime Minister Lee Hsien
Loong, is seeking to capitalise on
the groundswell of patriotism that
followed massive celebrations last
month to mark the nations modern founding. He dissolved Parliament on Aug 25, though an election
wasnt required until January 2017.
As nominations for candidates
closed, the PAP had already unveiled its slate for some of the biggest constituencies, signalling a reliance on experienced lawmakers,
newcomers drawn from the civil
service, as well as a former TV
game show host and an animal
rights activist.
All the seats are being contested, Hsien Loong told reporters at
a nomination centre yesterday.
It will be a good fight and we are
looking forward to it.
The opposition Workers Party
has unveiled 19 new faces including lawyers, a banker and a sociology professor. While the opposition held talks to avoid duplicating
candidates, at least two executive

members of the National Solidarity
Party quit in protest over a decision
to stand candidates in one district
against the Workers Party.
The PAP moved to shore up support after 2011, when it lost some
districts and secured its lowest
share yet of the popular vote 60%.
The government shifted further
from a decades-long policy of preserving budget surpluses, boosting
spending on lower-income families
and the elderly to offset a higher
cost of living. It limited work passes
for foreigners, who make up more
than a third of the island of 5.5 million people. Bloomberg
N Zealand unveils ag designs for referendum

BY M ATTHE W BRO C K E TT
New Zealand flag
WELLINGTON: New Zealand has

unveiled four new flag designs,
one of which will be chosen to go
up against the incumbent in a referendum next year.
The four designs were whittled
down from more than 10,000 by a
12-member panel and will be put to
a postal referendum between Nov
20 and Dec 11. With an alternative
chosen, New Zealanders will then be
asked whether to change the flag in
a second referendum in March 2016.
Our mandate was to select what
we believe to be the strongest flag
designs, with the best symbol and
colour combination that work well
in any context from celebration to
commemoration, John Burrows,
chairman of the government-appointed panel, said in a statement
yesterday.
Changing the flag is the brainchild of Prime Minister John Key,
who argues New Zealands colonial era has passed. The current flag,
which is very similar to Australias,
features the stars of the Southern
Cross and the United Kingdoms
Union Jack.
One of the new designs has the
Four design options for a new flag unveiled on Tuesday
ethnic Chinese devotees.

Prayut Chan-o-cha, who also
heads the nations junta, was asked
by reporters to comment on rumours a man had been detained.
Its true. He has been arrested at Sa Kaeo checkpoint, Prayut
said, referring to the Thai side of a
border crossing with Cambodia.
Asked whether he is thought
to be the person who planted the
Four killed in suicide

attack on Pakistan forces
PESHAWAR (Pakistan): A suicide bomber killed at least four
people and wounded dozens
yesterday in north-west Pakistan, where security forces are
battling Islamist militants, officials said. Each of two allied
militant groups, the Pakistani
Taliban and Lashkar-e-Islam,
claimed responsibility for the
attack in the Khyber region near
the Afghan border, where the
military has been battling them
since last October. The attack targeted a paramilitary vehicle outside a government compound
in the Jamrud area of the region,
official Shaukatullah Afridi, who
was metres away from the blast,
told Reuters. Reuters
Clerical leader: US
remains Irans No 1 enemy
Choosing a new flag

New Zealanders
will rank four flag
designs from most
to least preferred
in referendum,
Nov 20-Dec 11
Winning design
will go head-tohead against
current flag in
second vote,
Mar 3-24, 2016
Flag with most

votes in second
referendum
will be the new
,& &)#)$
Source : New Zealand Government
koru, a Maori spiral that symbolises a young coiled fern frond, while
the other three feature the silver
fern worn by New Zealand sports
teams, including the All Blacks. Two

of those include the Southern Cross
four stars prominent in New Zealands night sky. Bloomberg
Thai PM: Bomb suspect arrested at border checkpoint

BANGKOK: Thailands prime minister said yesterday a second foreign
man had been arrested at a checkpoint on the Cambodian border on
suspicion of involvement in last
months deadly shrine bombing.
It was the second confirmed
arrest in connection with the Aug
17 blast that tore through a religious shrine in downtown Bangkok and killed 20 people, mostly
BEIRUT: Satellite images have

confirmed the destruction of
the Temple of Bel, which was
one of the best preserved Roman-era sites in the Syrian
city of Palmyra, a United Nations agency said, after activists said the hard-line Islamic
State group had targeted it. A
comparison of before and after images shows the damage
to the temple at the Unesco
World Heritage site, the Geneva-based United Nations Institute for Training and Research
said. We can confirm the destruction of the main building
of the Temple of Bel as well as
a row of columns in its immediate vicinity, the agency said
in an email. Reuters
bomb at the Erawan Shrine in Bangkoks busy Chidlom shopping district, he replied: We are interrogating. He is a main suspect and
a foreigner.
The motive for the blast Thailands worst single mass-casualty
attack remains shrouded in
mystery.
Suspicion has variously fallen
on Thailands bitter political rivals,
organised criminal gangs, Islamist

militants, rebels in the kingdoms
strife-torn south and sympathisers
of refugees from Chinas Uighur
minority.
Arrest warrants have been issued
for several people in connection
with the blast.
The only named warrant is for
a 26-year-old Thai Muslim woman
called Wanna Suansan. AFP
TEHRAN: The United States

remains Irans number one
enemy despite a recent nuclear deal with world powers,
the chief of Tehrans top clerical body said yesterday, Iranian
media reported. The Assembly
of Experts is among Irans most
influential institutions, comprising 86 elected clerics who
appoint and can dismiss the
countrys supreme leader, led
by ultraconservative Ayatollah
Mohammad Yazdi. The nuclear
agreement should not change
our foreign policy of opposition
to the US, our number one enemy, whose crimes are uncountable, Yazdi said. AFP
Turkish police raid media

group critical of Erdogan
ANKARA: Turkish police yesterday staged a major swoop on the
Ankara-based offices of a media
group critical of President Recep Tayyip Erdogan and close to
his political nemesis, US-based
Muslim cleric Fethullah Gulen.
Masked police broke into and
searched a number of offices
belonging to Koza-Ipek Media,
which owns several newspapers and two television channels, the Dogan news agency
reported. The raid targeted 23
offices in Ankara belonging to
its parent company Koza Ipek
Holding, the state-run Anatolia
news agency reported. AFP
I N T E R NAT I O NA L N E W S 2 7
Thousands of Hillary Clinton emails released

BY DAVE CL A RK
WASHINGTON: The US State Department released over 4,000 more

of the emails former secretary of
state Hillary Clinton kept on a private server on Monday and revealed that some 150 others have
been retroactively classified.
Reporters and Clintons rivals as
she campaigns for the 2016 Democratic presidential nomination
began scouring 7,000 additional
pages of messages from the mails
she handed over earlier this year
after coming under fire for operating the unofficial server.
Israel PM
criticised for
eating at temple
of gourmet dining
JERUSALEM: Israeli Prime
Minister Benjamin Netanyahu faced criticism yesterday from ultra-orthodox
politicians for having eaten
in a non-kosher restaurant
serving rabbit, escargot and
lobster during a recent trip
to Italy.
An ultra-orthodox news
website quoted officials from
the United Torah Judaism alliance, part of Netanyahus coalition, as saying that eating
in a non-kosher restaurant
was unacceptable for a prime
minister of the Jewish state.
It said he had eaten over
the weekend at Enoteca Pinchiorri, a restaurant Michelin
calls one of Florences temples of gourmet dining.
United Torah Judaism
holds seven seats in parliament, where Netanyahus coalition has only a one-seat
majority following March
elections.
An official in the prime
ministers office confirmed
that Netanyahu was invited
to a restaurant by the Italian
prime minister [Matteo Renzi], but he did not eat forbidden foods.
This is also the procedure
he always follows during his
trips abroad, the official said.
The Kikar Hashabbat site
quoted officials from United
Torah Judaism as saying that
the prime minister should
have acted with more sensitivity. AFP
But perhaps the greater danger

to her, with no smoking gun emerging immediately as the hunt began,
lay in the mails which officials
said had now seen their security
status upgraded to classified or
above, implying they should not
have been sent.
I think its somewhere around
150, State Department spokesman
Mark Toner told reporters, adding
that the process of re-evaluating
the remaining unreleased emails
was continuing.
Last month, officials said that
63 other mails had also been upgraded in some form.
Clinton has been criticised for

using a private server rather than
an official government domain for
all her emails during her time at
the State Department.
Critics allege that she used the
so-called home-brew server
physically located at a private Internet provider to avoid political
scrutiny of her time as the top US
diplomat.
They also charge that she put
national security at risk by taking classified information out of
supposedly secure government
systems and putting it onto an
unauthorised network that could
IN BRIEF
be prey to hackers.
Clinton, for her part, insists none
of the mails on the private server
was formally marked classified
nor any higher designation such
as top secret.
If the probe reveals that classified or secret information was
shared on unsecured networks or
with individuals without a security clearance, Clinton or her staff
could face legal consequences.
Toner confirmed that the review, being overseen by the Intelligence Community Inspector-General, has so far found no mails
directly marked classified. AFP
Chaos in Hungary
BUDAPEST: Hungarian police
evacuated Budapests main international rail station yesterday
as hundreds of migrants tried to
board trains to western Europe,
as the continent struggles with
its biggest movement of people
since World War II.
Tensions were high as hundreds of police, some in riot gear,
began moving people out of Keleti station.
Although they offered no resistance, several hundred migrants staged an angry demonstration outside the station, an
AFP correspondent said.
Germany! Germany! We want
to leave! chanted the crowd, with
some holding their babies up in
the air.
The move came just 24 hours
after Budapest police allowed
people stuck for days in makeshift
refugee camps to leave the Hungarian capital on trains bound for
Germany and Austria, despite
many not having EU visas.
The decision led the highest
number of migrants entering Austria in a single day this year, police
confirmed, with 3,650 arriving
in Vienna by train on Monday.
We are still in the process of
verifying how many of them are
actually asylum seekers, Austrian police spokesman Patrick
Migrants arriving in southern Europe

Key migrant
routes
Arrivals since
Jan 2015
H U N G A R Y 140,000*
Schengen Area
Border fences
ITALY
111,680
SPAIN
2,166
GREECE
218,072
TURKEY
MALTA
94
MOROCCO
Source: IOM, *Hungarian government
Maierhofer told AFP.

Many of the migrants slept at
Viennas Westbahnhof station, hoping to continue on their journey to
Germany, which last week eased
asylum restrictions for Syrian refugees.
Europe is struggling to cope
with its biggest movement of people since World War II, with more
than 300,000 arriving this year,
many fleeing war, persecution
and poverty in the Middle East
and Africa.
The plight of the refugees was
brought sharply into focus last week
after 71 people, including four children, were found dead in an abandoned truck on an Austrian motorway near the Hungarian border.
The escalating situation has di-
LIBYA
EGYPT
vided the 28-member bloc ahead

of emergency talks on Sept 14,
with western European leaders
calling for greater efforts to help
the new arrivals as countries on
its eastern borders warned they
were struggling to cope.
German Chancellor Angela
Merkel warned on Monday that
the refugee crisis was testing the
core ideals of universal rights at
the heart of the European Union,
urging all states to take their fair
share of asylum seekers.
She also made veiled criticism
of countries like Slovakia which
has said it would reject migrants
from majority Muslim countries.
If we start saying I do not want
Muslims ... that cannot be good.
AFP
Bangladesh charges ve militants over blogger murder

DHAKA: Bangladesh police yesterday charged five suspected
militants with murder over the
killing of an atheist blogger, one
of four secular writers hacked to
death this year for writing against
fundamentalists.
Police brought the charges
the first in any of the four murders this year in a Dhaka Mag-
istrates Court, which will now

decide whether to open a trial
or order further investigations.
Weve submitted a charge
sheet against five people for the
murder of blogger Washiqur
Rahman. The five were charged
with murder, Dhaka police
spokesman Muntashirul Islam
told AFP.
They include an organiser

of the Ansarullah Bangla Team
and four others who are its supporters, he said, referring to
a banned local militant group
which police have blamed in all
four murders.
Washiqur Rahman, 27, an
atheist blogger who wrote under
a pen name on Facebook against
VIENNA: Austrian authorities

said yesterday police had made
two more arrests over the gruesome discovery last week of 71
dead migrants in an abandoned
truck on an Austrian motorway.
One man was arrested in Bulgaria and a second in Hungary, said
Verena Strnad, spokeswoman for
prosecutors in the area where the
truck was found last Thursday.
There were no further details
on those detained, which took
to seven the number in custody over the tragedy, all but one
of them arrested in Hungary.
Of the five previously held, four
are Bulgarians and one is an Afghan. AFP
Second Ukrainian
policeman dies from
injuries after clashes
As Europe migrant crisis escalates since World War II

BY P ETER M URP HY WI TH NI NA
LAM PAR SKI I N V I E NNA
Two more arrests over

Austrian migrant truck
tragedy, says authorities
religious fundamentalism was

killed near his home in Dhaka
in March.
Two of the suspects, students
of a madrasa, were tackled by
local transgenders known as
hijras in the subcontinent as
they tried to flee the scene. They
held them until police made arrests. AFP
KIEV: A second Ukrainian policeman died yesterday from

injuries suffered in street battles with protesters in Kiev, and
more than 140 people were being treated in hospital, officials
said. The clashes flared outside
parliament on Monday as demonstrators protested at legislation approved on first reading
by lawmakers giving more autonomy to pro-Kremlin rebels
in eastern Ukraine. A member
of Ukraines National Guard died
on Monday and Interior Minister
Arsen Avakov said yesterday that
another had succumbed to his
injuries. Its painful, he said on
Twitter. AFP
Migrants using fake

Syrian passports to
enter EU Frontex
PARIS: A market in fake Syrian
passports has sprung up, particularly in Turkey, to help migrants and refugees enter the
European Union, the head of
Europes border agency Frontex
said yesterday. There are people
who are in Turkey now who buy
fake Syrian passports because
they know Syrians get the right to
asylum in all the member states
of the European Union, Fabrice
Leggeri told French radio station
Europe 1. People who use fake
Syrian passports often speak Arabic. They may come from North
Africa or the Middle East but they
have the profile of economic migrants, he said. AFP
German ministers
Negro comment sparks
social media storm
BERLIN: A German state minister sparked a social media storm
yesterday after calling a beloved
German pop singer a wonderful Negro during a TV debate
on Europes migrant crisis. The
Twitter hashtag #Neger (Negro)
topped trending topics in Germany the morning after Bavarian
Interior Minister Joachim Herrmann used the term for Roberto
Blanco, who is of Afro-Cuban origin. Roberto Blanco was always
a wonderful Negro, who most
Germans thought was wonderful, Herrmann said in a TV talk
show on Monday evening on
public broadcaster ZDF. AFP
2 8 S P O RT S
Loew backs Schweinsteiger

after shaky MU start
He is adaptable and his physical robustness is one of his greatest strengths
BERLIN: Germany coach Joachim Loew is backing Bastian
Schweinsteiger to brush off his
shaky start at Manchester United
when he captains his country in
Fridays key Euro 2016 qualifier
against Poland.
The world champions host
Poland in Frankfurt with Adam
Nawalkas visitors top of Group
D by a point from Loews Germany, who then face third-placed
Scotland in Glasgow on Monday,
in two important qualifiers for
Schweinsteigers side.
An historic 2-0 defeat to Poland in Warsaw last October
the Germans first loss to their
neighbours highlighted their
post-Brazil hangover as Germany
struggle to rediscover the form
which carried them to the 2014
World Cup title.
Schweinsteiger will lead Germany for the first time since his
transfer from Bayern Munich to
United in July.
Loew has described the 31-yearold as world-class despite criticism of his fitness in Uniteds 2-1
defeat to Swansea on Sunday, his
first full appearance for his Premier
League club, after their goalless
Evertons Gibson
given 20-month
driving ban
LONDON: Everton midfielder
Darron Gibson was banned
from driving for 20 months and
sentenced to a 12-month community order yesterday after
he collided with three cyclists
and drove off.
Gibson was over the legal
drink-drive limit when his vehicle mounted a pavement
and struck the men who had
stopped to fix a bicycle chain.
The former Manchester
United player sped off in his
Nissan Skyline GT-R Nismo before he pulled into a nearby petrol station on Aug 16 morning.
Police were eventually called
by a garage attendant after Gibson hit a petrol pump and began filling his vehicle with fuel
while wearing no shoes. He was
arrested and taken to a police
station where he gave a positive
reading of 57 microgrammes
per 100ml of breath the legal
limit being 35.
He entered guilty pleas at
Trafford Magistrates Court to
driving with excess alcohol,
driving without due care and
attention and failing to stop after an accident had occurred.
AFP
Schweinsteiger (centre) in action against Newcastle Uniteds Aleksandar Mitrovic in a

Barclays Premier League match on Aug 22. He will be leading Germany against Poland
in a key Euro qualier on Friday. Photo by Reuters
draw at home to Newcastle, which

left them fifth in the table.
When push comes to shove,
Bastian is still a world-class player,
said Germanys head coach.
He is adaptable and his physical robustness is one of his greatest
strengths.
When hes physically fit, you
know what he brings to the team:
hes a strategist, he leads the team

and hes equipped with an unbelievable will to fight and win.
After 14 years in Munich, eight
Bundesliga and seven German
Cup titles, plus the 2013 treble of
Champions League, Bundesliga and
domestic cup wins with Bayern,
Schweinsteiger says he is enjoying
his new challenge at United.
Its been a lot of fun and its a

great feeling to play for United,
said Schweinsteiger.
Weve given away five points
in our last two league games,
despite having the game under
control at Swansea and failing to
get the goals against Newcastle,
but were on the right path and
have qualified for the Champions League.
These two games now for
Germany are certainly a challenge and perhaps we can get
some revenge for our defeat in
Poland last year.
Well be doing all we can to
go top of the group.
Arsenals Germany midfielder
Mesut Ozil, who has also been
criticised for a lack of form by
the UK media in the past, came
to the defence of his national
team captain.
Basti showed the entire world
what kind of a leader he is at the
World Cup, said the 26-yearold Ozil.
The hard interim conclusions
of the English press are not fair.
He certainly needs some more
time to adapt to the Premier
League. AFP
Liverpool sign Nigerian starlet Awoniyi

LONDON: Liverpool signed teenage Nigerian forward Taiwo Awoniyi on Monday and immediately
sent him out on loan to German
club FSV Frankfurt.
Brendan Rodgers side have
brought Awoniyi to Anfield from
Imperial Academy in Nigeria after
fending off reported interest from
Porto and Monaco.
The 18-year-old is understood to
have cost around 400,000 (RM2.46
million) and will spend the rest of
the season learning his trade on
loan with Frankfurt in the German
second tier.
This is the biggest club in the

world and Im privileged to be here,
Awoniyi told Liverpools website.
Ill try to develop myself very
well so that when I come back to
Liverpool Ill be able to add value
to the team.
When Im in the red shirt, I will
always give my very best to make
the fans happy.
Awoniyi is a current Nigeria Under-23 international and has also
played for the Super Eagles at the
Under-17 and Under-20 World Cups.
He first earned a call-up for the
senior Nigeria squad in 2013.
Liverpool also announced that

their striker Samed Yesil and midfielder Sergi Canos have both gone
out on loan, joining Swiss side FC
Luzern and Brentford respectively.
Yesil signed for Liverpool from
Bayer Leverkusen in 2012, but has
made only two first team appearances.
Canos has agreed a deal that will
see him stay at Championship club
Brentford until Jan 3.
The 18-year-old Spaniard, yet
to make a senior appearance for
Liverpool, joined the Reds in 2013
from Barcelona. AFP
Fifa slams brakes on Singapore FA polls

SINGAPORE: Fifa has told Singapores football association to put
internal elections on hold over possible political interference.
The Football Association of
Singapore (FAS) said it has been
in talks with the world governing
body, which opposes government
interference in national football
associations.
The FAS constitution available
online states that all council members, including the president and
deputy president, shall be appoint-
ed by a government minister and

confirmed by voting at an annual
general meeting (AGM).
Fifas request means that the FAS
has had to shelve plans to elect a
new council at its AGM this month.
The FAS has been in communication with Fifa on the process
of appointing office bearers, the
FAS said in a statement yesterday.
Fifa has requested FAS not to
make any changes to its office bearers until the Fifa has discussed the
status of the FAS constitution per-
taining to the appointment of the

office bearers at its scheduled meeting in September 2015, it added.
Following its meeting, Fifa will
advise FAS on the next course of
action which may include changes
to the constitution.
The Straits Times newspaper said
the term of the current FAS council,
appointed on Oct 1 two years ago,
will expire by the end of this month.
Since 2004, the FAS president
has been succeeded by a vice-president from the association. AFP
IN BRIEF
Malaysia advance to
semis of 2015 AFF U-19
Football Championship
KUALA LUMPUR: The Harimau Muda C squad (Under
19) moved into the semi-finals
of the 2015 AFF U-19 Football
Championship after group B
leader, Vietnam defeated Myanmar 2-0 in the last group
fixtures at the Laos National
Stadium in Vientiane, Laos,
on Monday. Malaysia accompanied Vietnam into the last
four of the annual competition
with a better goal difference
against Myanmar despite both
teams sharing seven points
after playing four preliminary
matches. Malaysia is slated to
face a mammoth task against
group A winner, Thailand, today. Bernama
Saints swoop for

teenage goalie Lewis
LONDON: Southampton have
signed teenage goalkeeper Harry Lewis from third tier Shrewsbury for an undisclosed fee, the
Premier League club revealed
on Monday. Lewis agreed a
three-year contract with Ronald Koemans team and will initially work with Southamptons
youth teams. The highly-rated
17-year-old, who has represented England at Under-16 and
Under-18 levels, is the grandson
of Ken Mulhearn, who won the
English league title as a goalkeeper for Manchester City. It
was a no-brainer really for me
to make this move, Lewis told
Southamptons website. Ive
been at Shrewsbury since I was
eight and it is my hometown
club. AFP
Albion sign MU
keeper Lindegaard
LONDON: West Bromwich Albion have signed Manchester United goalkeeper Anders
Lindegaard for an undisclosed
fee, the Premier League club
confirmed on Monday. Albion
manager Tony Pulis moved for
the Danish international after
deciding not to meet Cardiff s
valuation of their goalkeeper
David Marshall. Lindegaard
agreed a two-year contract with
Albion after being told by United boss Louis van Gaal that
he would be allowed to leave.
Since moving to England Ive
been impressed with how well
West Brom have done in the
Premier League, Lindegaard
told Albions website. AFP
United loan Januzaj

to Dortmund
BERLIN: Manchester Uniteds
Belgium forward Adnan Januzaj has joined Borussia Dortmund on loan for a season,
the German club confirmed
on Monday. The 20-year-old
attacking midfielder, who was
in the Belgium squad for the
2014 World Cup and has made
47 appearances for United in
the Premier League, has signed
until next June. Borussia Dortmund is a big club and the fans
here are unbelievable. I want
to have a lot of success with
this team, said Januzaj. AFP
S P O RT S 2 9
South Africa getting ready

for 2015 Rugby World Cup
As race debate clouds preparation 20 years after Mandela promoted racial reconciliation
BY WEND EL L ROELF
CAPE TOWN: Twenty years after

then-President Nelson Mandela
wore a Springbok jersey to promote racial reconciliation, many
South Africans are not convinced
the 2015 Rugby World Cup squad
has shed its reputation as a bastion
of white privilege.
The roars of approval that greeted Mandelas decision to wear
captain Francois Pienaars jersey
have slowly turned to rancour over
perceptions the team the most
prominent face abroad of South
African sports sidelines black
players.
South African rugby has lost
the opportunity to transform, said
Louis Mzomba, a veteran rugby
administrator who coaches rugby
in black townships.
In 1995 everyone, black, white,
pink or whatever, was behind the
Springbok, but now we have gone
backwards, he told Reuters a few
hours before the 2015 Rugby World
Cup squad was announced last
Friday.
Coach Heyneke Meyer named
nine non-white players out of a
squad of 31, still far short of the
target of 50% that administrators
have set for themselves to achieve
within four years.
Meyers predecessor Peter de
Villiers, the first and so far only
non-white Springbok coach, who
helped propel the team to the top
of the rankings during an uneasy
2008-2011 tenure, told Reuters
some of the countrys best-performing players were black, but
were not being given a chance
to shine.
You can have the best Ferrari,
but if there is a roadblock and road
works, you cant go any further until you remove it, he said. Players
such as fly half Elton Jantjies and
centre Lionel Mapoe had proven
themselves during the Super 15
rugby competition between South
Africa, New Zealand and Australia, but were still not being given
enough opportunities, he said.
Transformation is being
stopped by having all the white

coaches there to push an agenda
to stop it. They stopped a natural evolution of transformation, they never
let it go on to become great and we
would never have had this problem
now, De Villiers told Reuters.
Criticism intensified in recent
weeks after South Africa fielded a
mainly white team against Argentina at home on Aug 8, only to lose
37-25. A week later, the Springboks
included more black players for a
follow-up match in Buenos Aires,
and won 26-12.
We want the black players who
are in the squad to get game time,
not only be bag carriers, said a declaration from trade union federation
Cosatu which threatened to protest
games and campaign for sponsorship
withdrawals if teams are too white.
Rugby has a fraught history as a
symbol of South Africas racial divisions under apartheid. For generations, the black majority mainly gravitated more towards football, while
rugby came to occupy a special place
in the psyche of white South Africans,
particularly the descendents of Dutch
settlers known as Afrikaners.
The national squad, called the
Bokke in the Afrikaans language,
became an international power with
a playing style that emphasises raw
physicality, brute strength and strict
discipline. Under apartheid, black
South Africans often rooted for the
Springboks defeat in international
tournaments.
Since the end of white rule in
1994, blacks have been drawn into
the sport in ever larger numbers,
but their presence in junior amateur ranks has not yet translated into
game time at the national level. Black
Africans accounted for just 12% of
players in Springbok national games
last year, according to the South African Rugby Union.
Some critics say coaches still rely
too much on the formal tactics developed in white-only teams during
the apartheid years, and overlook
the contributions that can come
from more individualistic styles developed by some emerging black
players. Reuters
Stars to watch at the World Cup

Caps
Yoann Huget
FRANCE
Age: 28
39
George
Ford
Israel
Folau
Winger.
Fast,
committed
dependable
Juan
*%,
ARGENTINA
Age: 27 29
Winger. Scored
a hatrick against
South Africa in August
ENGLAND
Age: 22
12
AUSTRALIA
Age: 26
33
Flyhalf. Young,
$&"!$,,!
kicking skills
Fullback. One
of the most
exciting talents
in the Southern
Hemisphere
George North
WALES
Age: 23
53
Wing. Tall, powerful,

recently back from injury
Sergio
Parisse
ITALY
Age: 31
112
Number 8.
Not huge, but
great positional
sense and a vital
part of the team
Jonathan
Sexton
IRELAND
Age: 30
55
Brodie
Flyhalf. Ice-cool Retallick

temperament
with vast
NEW
experience.
ZEALAND
A huge influence
Age: 24
in the team
41
Lock. Imposing in the line-out,

a stong, attacking player
Willie Le Roux
SOUTH AFRICA
Age: 26
28
Fullback/wing.
Fast, elusive and scores
lots of tries
Source: espnscrum,allblacks.com, SArugby.net
Nicols nine-year ranking reign ended by Egyptian

SHANGHAI: Malaysias Nicol
David had her nine-year run as
womens squash World No 1, one
of the longest reigns in world
sport, and it was finally halted
yesterday by Egyptian Raneem
El Welily.
The 26-year-old El Welily, who
kicks off her season at the China
Open tomorrow, becomes the
first Egyptian woman to become

a World No 1 in any sport, the
Professional Squash Association
(PSA) said upon updating the
rankings.
Im absolutely thrilled to have
become the new World No 1, El
Welily, PSA Womens Player of the
Year in 2015, said in a statement.
Nicol has been No 1 for so
long and the gap between her and

all of us has been so huge that to
get close to her is an achievement
in itself. To be the person to finally overtake her is huge for me.
She had been second in the
rankings for eight months after
winning a hat-trick of major titles,
including at her home Alexandria
Open in June.
Her lead over Nicol is just

125.625 and with the Malaysian
also competing in China on the
opposite side of the draw, El Welily knows her reign could be short.
I know I could just be there for
one month and that thats okay
because I still need to do more in
order for me to earn that spot
at the moment its only a matter
of calculation, she added.

I know that the challenge now
is proving whether Im worthy of
staying there or not. If I want to
do that then it all rests on how I
perform this season.
Nicol has held the top spot
since 2006, a startling run of 109
months where she has dominated
the sport. Reuters
30
life+style
WE
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
WINNING VINTAGES
from Down Under
Australian winemakers
successfully court Asian
taste buds
BY GLENDA KW EK
rapped tightly in sleeping bags

to keep them from freezing in
frigid conditions, Australian
winemaker Sirromets bottles
slowly make their way across
the vast Mongolian landscape
on the back of a yak. The wines journey from
Queensland state on Australias east coast, about
9,500 km as the crow flies, to isolated parts of the
sparsely-populated Asian nation is one example of
the growing appeal of vintages from Down Under.
Australian winemakers are increasingly finding favour with Asian tastebuds as the regions
burgeoning middle and upper
classes search for new gastronomical adventures, fuelled by
rising incomes.
Its really been a rapid
change in attitudes towards
wine, Sirromets sales director
Rod Hill told AFP of the booming
demand in Asian powerhouse
China. Five years ago, it was rare
to see people in bars drinking
wine. When I was there seven
months ago, I just couldnt believe the size of the wine lists.
China is one of Australias
fastest-growing markets, with
exports jumping 32.1% in the
year to June, making it the
third-biggest export market
behind the United States and
Britain, according to government body Wine Australia. And
its not alone in the region, with
demand spiking by double-digit
figures over the same period in
Hong Kong, Malaysia, Taiwan
and Thailand.
With consumption projected
to grow strongly in Asia, vintners
such as Peter Thompson are going the extra mile by designing
wines that cater to local palates,
notably by producing lighter
and less full-bodied ones.
Thompson, who is based in
Margaret River a renowned
wine-growing region on Australias southwestern tip has
developed CEO, a Cabernet
Sauvignon-based wine with
Merlot and Malbec, with two
Hong Kong businessmen. The
perfumed red blend is packaged into a heavy bottle with a
gold dragon, a mythical creature
synonymous in Chinese culture
with power, etched on its front.
Its an aspirational label,
Thompson said. Its just so in
the mind of the consumer, thats where the wine

sits, in the (chief executive officer) CEOs office.
The consumers we are dealing with are a very
carefully targeted group. Its the gift market but
not the corrupt officials market.
The distinction is crucial for Australian exporters. For more than two years, a sweeping corruption
crackdown by China has seen demand for luxury
goods including premium Australian wine
slip, as it cast a chill over a widespread practice of
gifting officials expensive alcohol and other items.
The clampdown has so far appeared to slow rather
than halt the growth trend, with China already the
worlds fifth-largest consumer of wines. In 2013, it
overtook France to become the worlds top buyer of
red varieties, according to industry group Vinexpo,
although white and sparkling wines are less popular.
Dominique Portet, a ninth-generation French
winemaker based in Australias fertile Yarra Valley south of Melbourne, has long focused on the
Asian market, exporting to China, Hong Kong,
Japan, Malaysia and Singapore.
But he recently hired Chinese wine marketing

graduate Della Zhang to strengthen his standing
with customers. Aided by brand recognition
his father Andre was a vineyard manager at Chateau Lafite-Rothschild in Pauillac, a French label
made famous in China by Hong Kong star Chow
Yun-fats 1989 movie God of Gamblers Portet
has seen Asian demand rise steadily.
Most Australian wine tends to be very big
and rich and powerful, Portet said. The Chinese
like something a bit more elegant, rounder in the
mouth, softer.
Like Thompson, Portet targets the well-heeled.
As a group of Chinese tourists left his vineyard
after a tasting conducted in Mandarin by Zhang,
one businessman bought four bottles of his most
expensive label Andre, costing A$150 (RM440.35)
and paid in cash.
I like red wine the way I like pretty women,
joked businessman Shi Cheng Li, from Tangshan
city about two hours drive from Beijing.
Yet the boost in spending power has not been
matched by knowledge about
the evolving world of viniculture. In China, wines are still
linked to Old World styles.
France dominates the mainland market with a 42.28% share,
according to 2014 figures from
government agency Austrade.
Australias share is 12.4%, and
its exports into China are second
by value and third by volume.
To boost Australias profile,
Wine Australia commissioned researcher Armando Corsi to create
a cheat-sheet for marketers that
matches Western taste descriptions to their Chinese equivalents. The goal, Corsi said, is to
make Asian consumers comfortable with Australian wines,
which might help them develop a
sense of brand loyalty. Individual
wineries are also designing tours
focusing on Asian tourists, taking
them through the whole process
from bud burst to tastings from
barrels and bottles.
Sommelier Tim Nicholls has
entertained many Asian visitors
at his McLaren Vale vineyard
in South Australia state, and
has seen a increasing thirst for
knowledge. With a weakening
Australian dollar and recently sealed free-trade deals with
China, Japan and South Korea
expected to lower some tariffs,
Wine Australia is expanding its
presence in the region.
The Asia-Pacific represents
an important opportunity for
Australia and we are on its doorstep, Wine Australias Stuart
Barclay said. The Asian market
is also still understanding what
wine really is, so the potential
in Asia, specifically in China, is
enormous for Australian wines.
AFP Relaxnews
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W E D N E SDAY S E PT E MB ER 2, 2015 D IG ITA LED G E DA ILY
life+style 31
WINE
COM P ILED BY ANANDHI GOP INATH
PICK OF THE DAY

AS the Mid-Autumn festival is drawing near, luxury Belgian chocolatier Godiva proudly presents their 2015
Mid-Autumn limited edition collection, giving families the
indulgence of love and affection on this festive occasion.
To cherish this special time of the year, Godiva is launching two brand new flavours for the exclusive Mid-Autumn Collection mooncakes, with selected Chinese tea,
crunchy nuts and fruit ganache. Choose from the Petit
Mooncake Lait: Matcha Mandarin, which consists of
fruity mandarin milk chocolate mousse mixed with roasted Valencia almonds, or the Petit Mooncake Noir: Black
tea Kalamansi, which is made from black tea ganache
and a layer of kalamansi white chocolate mousse filled
with soy nuts. Bearing a unique blooming lotus print, the
bespoke collection is the perfect sweet treat to pamper
your friends and loved ones during this special festival.
These rare and exquisite mooncakes can be purchased
from Godiva boutiques around Malaysia, and are priced
at RM75 per piece to RM1,359 for a hamper.
Sri Lanka receives its rst

Wine Spectator award
THE Cardamom Caf at Jetwing Lighthouse, known
as the gateway to the South of Sri Lanka, has received
the countrys first ever Wine Spectator Award of Excellence, only given to restaurants that feature outstanding selections of wine, appropriate to the restaurants cuisine, and which appeal to a wide range
of wine lovers.
Located on the outskirts of the storied city of Galle, Jetwing Lighthouse is the pinnacle of the great architect Geoffrey Bawas accomplishments in resort
design. To him, the warmth of Sri Lankan hospitality
had to be evident in the open spaces; complemented
by the interior ambience which was inspired from
various periods in the citys history. Upon entering,
visitors remain in awe of a battle unfolding in front
of their own eyes, woven in copper and brass, seemingly snatched from ages long past the battle of
Randeniya, between the Dutch and the Sinhalese,
sculpted by renowned artist Laki Senanayake.
The character of the hotel is evident in every aspect, and even more so through the many culinary
experiences at the Cinnamon Room, Nihals and the
recently lauded Cardamom Caf, which becomes the
first restaurant in Sri Lanka to be recognized by the
most influential source of wine in the world Wine
Spectator (www.winespectator.com).
This also functions as recognition of Jetwings unparalleled commitment in offering a carefully curated and diverse selection of wine selection of wines
from all wine producing countries in the world to the
discerning guests. The property will thus be featured
in the August print issue of Wine Spectator, in their
Annual Restaurant Awards Guide.
Launched in 1996, Wine Spectator has become the
go-to resource for all wine-related subjects. Featuring
a database of more than 250,000 wine ratings, tasting
reports, news and features, the Restaurant Wine List
Awards have become a prestigious listing of their own
with very strict requirements.
As officially described, basic requirements are that
the list must present complete, accurate wine information. It must include vintages and appellations for
all selections, including wines available by the glass.
Complete producer names and correct spellings are
mandatory, while the overall presentation and appearance of the list is also taken into consideration.
For the Award of Excellence, lists should offer a
well-chosen selection of quality producers, along
with a thematic match to the menu in both price and
style. Typically, these lists offer at least 90 selections.
Personal
ASSISTANT
CO MPI L ED BY SU ANN QUAH
WORK. LIFE. BALANCE
SQUARECIRCLES was formed in late 2008,

when a wave of political change had scythed
through Malaysia. This turn of events and the
countrys unique social avour inuenced the
bands lyrical approach, which varies between
contemplative and tongue-in-cheek. Tonight,
check out SquareCircles featuring Talitha Tan
perform live at Pisco Bar. The band is made
up of a just a bunch of guys who love music
enough to play a gig at the end of a busy day at
the oce. Head to Pisco Bar tonight at 9.30pm
for a night of entertaining music. Admission is
Free. Pisco Bar is located at 29, Jalan Mesui,
Kuala Lumpur. For inquiries or reservations,
call (03) 2142 2900.
TONIGHT, do your part and donate some time

to charity. The Chinese Assembly Hall and Ng
Chong Lim are organising a charity event for the
under-privileged children in Nepal. Proceeds
will be channelled to the PA Nepal Prisoners
Assistance Nepal founded by Indira Ranamagar.
Relax to classical music by Johannes Brahms,
featuring Prof. Jassen Todorov and Ng Chong
Lim. They will be performing Brahms Sonata
No 1 in G Major op 78, Sonata No 2 in A Major
op 100 and Sonata No 3 in D Minor op 108.
Tickets are priced at RM40 for students and
RM60 for adults. To purchase, call Mr Lee at
(016) 361 5815, Ms Yim at (012) 310 9955, Mr Ng
at (012) 918 1198 or email
chonglimng@yahoo.com.
The concert will be held
tonight at 8.30pm at the
Kuala Lumpur & Selangor
Chinese Assembly Hall,
No 1 Jalan Maharajalela,
Kuala Lumpur.
FISH & CO One Utama is oering lunch sets

from only RM11.95 for a limited time. Choose
from a variety of dishes including pasta,
rice, sh and chips, and grilled sh from
Monday to Friday from 11.30am till 6.30pm.
For reservations, call (03) 7722 4928. Fish &
Co One Utama is located at Lower Ground
Floor, Rainforest, 1 Utama Shopping Centre,
Petaling Jaya.
32
life+style
NATURE-INSPIRED DINING
DESTINATION IN THE MALDIVES

BY A NA ND H I GOPINATH
ecently unveiled to the worlds

dining connoisseurs, Nest at
PER AQUUM Niyama in the
Maldives invites the resorts
guests as well as gourmands
from further afield to experience one of the wildest culinary journeys
to be found in this tropical island paradise.
Despite being freshly hatched, Nest is already attracting attention and has been
shortlisted for international design awards
including Sexiest Design at annual luxury
travel event LE Miami.
Nest twirls and towers in the green heart of
its island home. Conceptualised and brought
to life by Singapore-based design firm Poole
Associates, the multi-level tree house unfurls
as a labyrinth of wooden paths, dining pods
immersed in jungle greenery and thatched
huts. Tables are nestled amongst the dense
foliage and serpentine vines on the forest
floor or on platforms elevated six metres
up in the treetops.
Nest is headed by Indonesian chef Jayadi
Suwito, while a trio of right-hand men lend
their own genius and head up the restaurants
Teppanyaki, Chinese and Thai offerings. To
round out the artisanal cadre, a sake master
replaces the expected sommelier position and
curates an inspiring collection of Asian spirits.
Dining huts, one housing a teppan table,
shelter guests beneath cavernous rooftops.
From within, guests gaze up at a dramatic
vaulted ceiling that soars high above in a
steep dome of latticed beams and bamboo. At
table level, accents of red lacquer and woven
green furnishings merge oriental influences
and an island aesthetic.
For the amuse bouche, Nest begins each
partys meal with welcome nibbles that elevate
Southeast Asias local-loved snacks. Lift off in
the first moments with house-made prawn
crackers, spicy sambal dips, and nut savouries kicked up a notch with crispy celery and
kaffir lime leaves. Then delve into a selection
of Asian regional fare from the ground-breaking menu.
Zen TODAY
Nest is set amid a labyrinth of wooden paths, dining pods and thatched huts for a truly immersive experience.
Suwito explains, My goal for this menu

was to push and tease. Guests will find dishes from Asias most celebrated cuisines like
Thai, Cantonese, Japanese but they will
also get a chance to discover lesser known
culinary traditions with must-try sensational
dishes from places like Cambodia, Indonesia
and Myanmar.
Expect to revel in layers of flavours in
salads, soups, curries, modern woks and
Nest-only seafood specialties. The raw ingredients comprise freshly caught and flown-in
harvests as well as seasonal produce from the
chefs own island garden. Highlighted justpicked greens and other cultivars include
mint, sweet basil, eggplants, cucumber, chilies
and morning glory.
For a theatrical meal, the teppanyaki stage
is the most desired table in the house. You can
also go communal in typical Asian style with
hot pot dining. Soon-to-launch highlights in-
Success is not
final, failure is
not fatal: it is the
courage to
continue
that counts
Winston Churchill
clude the Korean grill and soju experience as

well as Black Ivory coffee, the worlds most
expensive roast.
For those with a sweet tooth, the dessert
menu indulges patrons with sweet finales
fusing European confections and Asias lush
tropical delights. No visit would be complete
without an order of Nests signature dessert,
Luwak Coffee Brle. Suwito infuses the rich
cream custard with a secret recipe featuring
Kopi Luwak essence and serves it accompanied by roasted banana ice cream.
Nest at PER AQUUM Niyama is open daily from 6.30 pm to 10.30 pm and welcomes
guests for its savage-chic fine dining experience with a smart-casual dress code. First-priority reservations go to PER AQUUM guests,
but outside parties are welcome to contact
the resort to secure a table and glimpse life
on natures own playground. For more information, visit niyama.peraquum.com.
4.98
128.98
Markets 3 3
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
KLSE COMPOSITE
1,609.21
KLSE INDUSTRIAL
INDICES
CLOSE
+/-
%CHG
-3.53
-0.22
TECHNOLOGY
19.66
0.09
0.46
3,063.82
-1.24
-0.04
FTSE BURSA 100
10,718.56
-15.61
-0.15
CONSUMER PRODUCT
558.64
-3.87
-0.69
FTSE BURSA MID 70
11,586.25
12.42
0.11
INDUSTRIAL PRODUCT
131.79
-0.02
-0.02
FTSE BURSA SMALL CAP
13,722.52
-48.63
-0.35
CONSTRUCTION
249.41
-0.12
-0.05
FTSE BURSA FLEDGLING
13,875.12
2.96
0.02
TRADE & SERVICES
209.95
0.98
0.47
FTSE BURSA EMAS
10,958.60
-17.44
-0.16
KLSE FINANCIAL
14,263.39
-99.99
-0.70
KLSE PROPERTY
1,100.08
1.78
0.16
KLSE PLANTATION
6,779.06
-46.01
-0.67
474.18
8.10
1.74
KLSE MINING
FTSE BUR MSIA ACE
4,937.35
-9.73
-0.20
FTSE BUR EMAS SHARIAH
11,424.23
-19.11
-0.17
FTSE BUR HIJRAH SHARIAH
13,093.75
-37.57
-0.29
8,435.83
-131.94
-1.54
FTSE/ASEAN 40
Bursa Malaysia Main Market

YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.745 0.550 0.605
4.390 3.034 3.800
6.590 4.930 6.000
0.600 0.230
5.063 4.050 4.510

3.700 1.400
4.396 3.080 3.380

71.775 56.740 63.360
0.160 0.050 0.055
0.220 0.015
1.290 0.680 0.705

1.280 0.634 0.985
0.595 0.340 0.480
0.445 0.230 0.255
13.801 9.874 12.020
0.985 0.720
2.970 1.708 2.480

0.620 0.400
3.110 0.980 1.750

0.125 0.055
2.850 1.378 2.700

1.360 1.056 1.200
0.135 0.065 0.070
0.080 0.040 0.045
1.111 0.757
48.000 39.447 46.900

0.185 0.065 0.070
0.170 0.085 0.140
0.290 0.165 0.175
0.310 0.170 0.210
2.266 1.750
0.830 0.500 0.620

1.090 0.620
18.891 14.956 18.200

0.830 0.480
1.714 0.934
0.580 0.300
1.001 0.595 0.645

14.980 11.750 13.020
1.300 0.720 0.770
2.822 2.070 2.210
1.130 0.930
0.175 0.040 0.080

7.099 3.717 4.950
1.180 0.415 0.920
0.565 0.311 0.435
3.500 2.500 3.500
1.400 0.736 1.210
0.590 0.350 0.405
3.161 1.293 2.080
1.070 0.596 0.855
1.170 0.385 0.630
3.680 1.740 3.310
2.830 1.284 2.500
0.545 0.100
0.935 0.450 0.610

2.744 1.800 1.900
1.500 0.920
0.155 0.090
7.500 3.014 7.300

3.549 2.228 3.500
0.295 0.135 0.150
0.405 0.150 0.280
6.260 2.235 6.260
0.925 0.550 0.755
2.440 1.213 1.420
4.570 2.364 4.200
0.255 0.080 0.090
1.888 1.160 1.210
1.330 0.860
1.417 1.046
5.357 4.620 4.900

0.250 0.065 0.075
1.684 1.120
73.817 63.743 72.160

2.735 2.201
0.245 0.095 0.110

0.445 0.212 0.240
0.810 0.592 0.745
6.478 2.355 5.770
7.863 6.355 6.690
1.835 1.280 1.410
23.600 18.004 22.000
0.804 0.577
0.375 0.200 0.200

0.755 0.275 0.310
1.350 0.755 0.830
0.375 0.165 0.185
0.595 0.352 0.455
3.020 1.085 2.600
16.060 13.283 15.400
0.665 0.463 0.510
2.730 0.929 2.300
1.560 0.990 1.120
2.510 1.275 2.120
4.255 3.031 3.910
1.710 1.000
2.800 1.285 2.200

0.585 0.365 0.430
0.700 0.340 0.605
0.700 0.320 0.645
1.660 0.685 1.190
3.270 1.465 1.930
0.085 0.040 0.045
2.275 1.710 1.780
0.864 0.730
0.676 0.365 0.395

0.680 0.305
0.740 0.405 0.555

4.807 2.280 2.480
0.701 0.355 0.400
2.220 1.060 1.200
1.644 1.250
0.638 0.445
0.625 0.350 0.460

12.085 8.210 8.840
1.796 1.337 1.570
0.603 0.408
0.195 0.084 0.165

0.670 0.220 0.480
0.690 0.327 0.510
2.214 1.220 1.520
0.365 0.200
1.170 0.766 0.850

3.490 1.165 2.560
2.502 1.390 1.500
INDUSTRIAL PRODUCTS
1.260 0.717 0.940
0.210 0.110 0.130
0.640 0.324 0.500
0.680 0.240 0.300
1.070 0.760 0.940
2.520 1.772
* Volume Weighted Average Price
DAY
LOW
0.605
3.800
5.900
4.510
3.380
59.520
0.050
0.685
0.965
0.460
0.255
11.660
2.450
1.700
2.600
1.150
0.070
0.045
46.000
0.070
0.125
0.170
0.205
0.580
18.160
0.635
12.920
0.750
2.190
0.070
4.880
0.885
0.415
3.300
1.150
0.405
2.080
0.845
0.610
3.150
2.380
0.590
1.900
7.120
3.500
0.140
0.265
6.150
0.730
1.370
4.100
0.085
1.200
4.830
0.065
72.160
0.100
0.230
0.715
5.770
6.600
1.380
21.860
0.200
0.305
0.810
0.180
0.445
2.540
15.060
0.470
2.180
1.050
2.080
3.780
2.200
0.420
0.605
0.640
1.130
1.850
0.045
1.770
0.385
0.495
2.430
0.365
1.130
0.460
8.210
1.570
0.150
0.425
0.485
1.490
0.825
2.450
1.480
0.910
0.120
0.495
0.295
0.900
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
7193
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
3255
5102
5606
5606PA
5187
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7412
7246
8532
7103
7186
7082
7211
7071
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BIOSIS
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GAB
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PW
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TAKASO
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG
CLOSING
(RM)
0.605
3.800
6.000
0.230
4.510
1.640
3.380
61.000
0.055
0.020
0.690
0.980
0.460
0.255
11.900
0.760
2.450
0.520
1.720
0.060
2.630
1.150
0.070
0.045
0.800
46.900
0.070
0.135
0.170
0.205
1.990
0.590
0.680
18.160
0.520
1.060
0.440
0.640
12.940
0.760
2.210
0.970
0.080
4.920
0.890
0.420
3.500
1.150
0.405
2.080
0.845
0.625
3.310
2.380
0.110
0.590
1.900
1.010
0.090
7.290
3.500
0.140
0.265
6.190
0.730
1.370
4.150
0.085
1.210
0.900
1.100
4.830
0.065
1.200
72.160
2.240
0.110
0.230
0.715
5.770
6.690
1.380
21.900
0.670
0.200
0.310
0.820
0.185
0.450
2.560
15.160
0.475
2.240
1.110
2.110
3.860
1.380
2.200
0.430
0.605
0.640
1.130
1.900
0.045
1.780
0.760
0.385
0.335
0.510
2.430
0.400
1.140
1.250
0.480
0.460
8.370
1.570
0.460
0.150
0.480
0.495
1.490
0.200
0.850
2.460
1.500
0.910
0.125
0.495
0.295
0.940
2.000
+/
(RM)
VOL
(000)
UNCH
6
0.060
1
0.010
6.1
-0.100
0.1
UNCH
12.1
-1.180
481.5
UNCH
652.9
-0.015
157.1
UNCH
5
-0.040
22.2
UNCH
1
0.200
91.9
UNCH
44.6
-0.010
29
0.050
71.9
UNCH
113.1
0.005
3786
-0.005
80
UNCH
1.5
UNCH
208.6
-0.010
359.6
-0.005
85.8
0.010
871.7
-0.010
348
-0.040
10.1
0.010
29
0.020
12.6
-0.005
12.5
UNCH
233
UNCH
358.9
0.010
524.9
-0.025
967.4
UNCH 4431.4
0.190
76
-0.040
307.7
0.015
0.2
UNCH
6.5
-0.005
40
-0.010
69
0.140
917.4
-0.100
93.7
UNCH
171.5
0.040
3.5
-0.090
34.8
UNCH
20
-0.010
2.1
-0.015 1102.7
0.040
219.1
-0.025
136.2
-0.020
305.7
0.110
61.2
-0.010
232.4
UNCH
82
-0.020
2
-0.005
635.6
UNCH
0.6
-0.005
110.1
-0.005
350.9
-0.030
150
UNCH
14.9
-0.120
6
0.010 2215.9
0.100
52.1
UNCH
5
-0.020
30
UNCH
20
0.005
291
-0.005
108.1
0.020
125.7
-0.180
753.3
-0.055
11.8
0.040
32.9
0.040
79.5
0.020
32.6
UNCH
715.4
-0.050
3
UNCH
339.3
UNCH
42
UNCH
13.1
-0.050
128.4
-0.010
655.4
UNCH
105
-0.010
27.9
-0.010
753.9
0.025 6606.7
-0.120
15.7
0.005
177.7
-0.040
666.3
UNCH
4.7
-0.130 1614.4
0.010
3
-0.015 11826.9
UNCH
10
0.010
769.6
UNCH
98
0.010
67.7
-0.100
119.3
0.020
28.9
-0.025
0.005
-0.005
-0.010
UNCH
128
233.6
105.9
53.2
19.2
# PE is calculated based on latest 12 months reported Earnings Per Share
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.560 318.42
0.000 13.93
4.604 12.27
5.640 14.26
80.79
4.239 11.68
62.855 19.64
0.176
3.399 13.40
0.575 21.59
0.433
9.73
0.000
6.80
12.303 18.36
15.05
2.599 12.81
16.20
0.000 60.35
2.192 15.23
1.110 13.17
0.199
0.070
5.32
48.592 23.40
0.095 20.00
0.000
0.245
1.000 10.90
29.66
0.340 22.78
18.260 23.25
73.10
17.96
0.750 40.00
16.231 18.25
1.388
1.980 10.67
0.166
5.229
8.75
0.567 12.08
0.340 15.22
0.000
8.15
6.066 19.73
0.390
0.544
8.47
0.585 14.64
0.000
5.11
3.250 34.62
1.280 18.45
0.503
8.97
2.877
7.40
34.95
1.553
9.81
0.000
9.45
0.000
0.000
9.14
1.650 12.08
0.696
8.49
2.636
5.83
2.282
8.64
0.292
2.48
1.465 13.25
20.18
5.000 11.83
0.174
2.63
15.96
68.567 30.21
12.15
0.135 15.28
0.156 69.70
0.704 18.97
2.311 16.09
8.629 12.78
1.769 11.33
22.684 12.35
46.53
0.000
0.470
0.606
0.258 264.2
0.464
8.41
0.837
9.89
14.816 17.59
0.570 12.57
1.000 11.21
0.711
7.19
1.828 13.33
4.165 25.21
153.33
0.000 19.35
0.229
0.200 27.25
0.000
3.17
0.000 12.44
1.371
6.30
0.066 40.91
1.802 10.76
0.000 10.38
68.37
0.268
6.522 17.47
0.000 13.70
0.600
6.84
10.76
0.369
7.44
12.391 19.25
1.330
7.63
8.58
0.329
7.28
0.230 48.00
0.830
1.08
1.310 11.66
0.871
7.29
1.336 14.33
4.939 15.23
2.89
3.33
5.54
0.30
4.44
5.11
1.81
2.17
5.97
2.63
6.02
1.90
6.96
1.88
2.13
3.27
3.03
4.72
4.69
4.98
0.90
5.89
4.75
2.38
3.04
3.85
4.14
0.84
5.26
3.31
4.26
1.93
4.55
2.73
4.97
1.11
3.33
4.46
2.17
3.05
2.43
1.79
7.25
2.28
3.73
2.22
3.71
1.58
4.21
1.23
7.21
3.32
1.10
1.36
1.77
2.11
2.25
1.32
2.06
2.50
2.92
6.00
2.08
4.90
5.10
5.43
4.04
2.01
4.71
2.64
4.67
107.6
445.2
364.8
11.5
360.8
129.8
644.8
17,417.3
27.4
2.1
556.3
147.6
36.8
49.5
3,666.1
119.8
683.4
21.9
278.6
40.1
451.3
138.6
87.0
30.3
107.2
3,001.6
41.1
42.1
28.6
19.7
140.8
47.8
30.2
6,658.1
31.8
265.0
36.4
158.3
3,909.1
363.7
1,349.2
442.1
37.4
1,613.3
267.0
329.2
303.1
920.0
30.3
182.7
116.0
51.3
2,211.9
484.0
7.5
52.6
76.1
133.6
24.0
708.6
180.0
9.2
44.5
371.4
136.2
178.2
450.2
34.0
651.3
49.0
66.9
3,395.4
33.6
277.9
16,921.5
168.4
30.7
54.4
803.1
346.2
4,150.4
907.9
1,330.3
80.9
14.0
18.6
453.7
143.1
184.7
290.3
17,972.2
47.5
259.6
83.9
640.7
4,817.4
77.4
279.4
38.7
72.6
66.9
56.5
228.0
88.9
252.3
96.1
235.3
26.8
104.8
1,633.0
100.2
342.0
50.9
66.5
36.8
9,778.6
124.9
73.6
202.2
34.9
167.3
272.6
25.0
136.0
330.9
690.0
1.54
5.00
358.2
33.0
69.6
64.5
143.6
41.0
0.893
0.142
0.280
0.430
1.061
17.98
27.78
8.15
34.31
17.92
YEAR
LOW
DAY
HIGH
DAY
LOW
0.231 0.115 0.125

0.120
0.560 0.325
0.400 0.265
2.820 1.928 2.330

2.330
1.130 0.200
0.966 0.572 0.685

0.685
0.616 0.335 0.350
0.340
1.386 0.710 0.740
0.710
1.300 0.942 1.110
1.110
5.855 4.000 4.150
4.150
0.725 0.400 0.420
0.420
0.880 0.560
0.215 0.100 0.140

0.125
0.945 0.480 0.565
0.510
2.600 1.600 1.730
1.710
0.935 0.285 0.320
0.320
0.150 0.090 0.095
0.095
1.758 0.980 1.190
1.070
2.500 2.000 2.300
2.250
1.150 0.691 1.050
0.990
0.670 0.320
0.315 0.175
0.455 0.115 0.210

0.195
2.893 1.902 2.340
2.280
0.550 0.210 0.275
0.265
2.419 1.630 1.790
1.750
1.140 0.846 0.910
0.900
1.800 1.170 1.650
1.600
1.860 1.410
1.600 1.140
1.740 1.300
1.784 1.446
1.230 0.836
0.115 0.055 0.075

0.065
6.000 3.256 4.940
4.820
1.310 0.200
5.084 1.610 2.030

1.840
0.405 0.150 0.250
0.240
0.945 0.600 0.695
0.680
1.145 0.880 0.910
0.910
0.790 0.491
0.470 0.275 0.300

0.295
4.595 4.000 4.200
4.200
0.475 0.180 0.270
0.260
0.575 0.265 0.395
0.390
0.405 0.250
0.430 0.340
0.920 0.660 0.695

0.685
1.908 1.134 1.560
1.530
2.267 1.210 1.300
1.260
0.450 0.220 0.295
0.280
0.880 0.455 0.650
0.570
1.610 1.000 1.060
1.010
0.400 0.200
0.932 0.600 0.680

0.680
2.070 0.475 1.850
1.780
1.083 0.427 0.670
0.630
1.460 0.945 0.960
0.955
3.255 2.189 2.380
2.350
0.605 0.355 0.390
0.370
3.004 2.090 2.290
2.230
1.681 0.976 1.550
1.510
2.340 1.243 1.410
1.410
1.070 0.455 0.810
0.800
0.110 0.040 0.045
0.040
0.655 0.205 0.255
0.240
0.135 0.064 0.085
0.080
0.990 0.285 0.310
0.310
0.475 0.180 0.195
0.185
0.145 0.070 0.075
0.070
1.358 0.883 0.980
0.945
0.905 0.330 0.340
0.340
9.050 6.482 8.450
8.090
0.270 0.165 0.175
0.170
3.750 2.650 3.050
3.050
1.170 0.356 0.980
0.930
0.955 0.625 0.780
0.750
0.812 0.230 0.240
0.230
1.570 0.620 0.720
0.690
1.360 0.755
1.040 0.530 0.575

0.575
0.440 0.310
0.160 0.055 0.055

0.055
5.307 2.986 3.240
3.150
0.205 0.065 0.075
0.070
0.970 0.760 0.800
0.800
1.950 1.170 1.450
1.410
0.530 0.250 0.265
0.265
0.139 0.045 0.055
0.050
0.275 0.135 0.145
0.145
0.505 0.155 0.155
0.155
1.280 0.920 1.000
0.950
1.606 1.210 1.470
1.440
2.177 1.060 1.120
1.100
0.340 0.145 0.190
0.170
0.504 0.360 0.360
0.360
0.710 0.430
3.220 2.730 3.050

2.990
2.260 1.031 1.810
1.760
0.270 0.110 0.135
0.120
2.378 1.174 1.400
1.360
0.989 0.379 0.515
0.465
1.260 0.902
0.660 0.355
7.500 3.896 7.140

6.980
0.600 0.250 0.580
0.480
6.275 4.320 4.650
4.540
0.779 0.350 0.385
0.385
0.850 0.450
10.707 8.380 9.280

8.910
0.846 0.400 0.465
0.440
0.699 0.213 0.580
0.535
0.620 0.420 0.435
0.430
0.240 0.110 0.145
0.130
0.080 0.030 0.040
0.030
0.153 0.070 0.080
0.075
0.725 0.220 0.295
0.285
0.340 0.180
0.125 0.065 0.070

0.070
4.250 2.648 3.340
3.310
1.084 0.330 0.380
0.360
0.884 0.510 0.555
0.510
0.480 0.320
0.900 0.660 0.705

0.680
0.550 0.190 0.290
0.220
1.060 0.585
1.550 1.150 1.180

1.150
1.060 0.105
1.982 1.640 1.950

1.910
1.220 0.355 0.795
0.725
0.175 0.060 0.070
0.065
1.920 0.700 1.180
1.040
0.700 0.300
3.330 2.090 2.160

2.100
2.354 1.040 1.110
1.100
1.626 0.855
0.485 0.210
1.160 0.120
0.160 0.100
0.705 0.470 0.500

0.480
0.180 0.045
1.080 0.515 0.775

0.745
1.404 0.848 0.920
0.900
0.135 0.050 0.060
0.060
6.547 4.519 6.250
6.040
0.609 0.375 0.475
0.460
4.674 3.448
0.330 0.045 0.170

0.150
23.670 20.194 22.240 21.280
3.230 2.300 2.930
2.790
7.030 5.007 6.190
6.150
1.582 0.781
3.575 1.400 1.830

1.720
1.090 0.900
0.510 0.335
0.920 0.535 0.725

0.715
0.380 0.290
0.643 0.384
0.890 0.450 0.590

0.570
0.285 0.110 0.125
0.115
1.800 1.130
0.790 0.620
6.200 4.960 6.200

6.190
0.370 0.240
0.850 0.548 0.670

0.660
CODE
7146
5198
2682
7609
9954
2674
4758
6556
5568
5015
7214
7162
7070
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
9342
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
7059
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7109
7140
5065
7225
5183
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
APB
APM
ARANK
ASTINO
ASUPREM
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HARVEST
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METALR
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OCTAGON
OKA
ORNA
PA
PCHEM
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
0.125
0.390
0.285
2.330
0.445
0.685
0.340
0.710
1.110
4.150
0.420
0.600
0.125
0.565
1.710
0.320
0.095
1.150
2.300
0.990
0.365
0.175
0.210
2.280
0.265
1.770
0.910
1.600
1.510
1.300
1.420
1.550
0.945
0.065
4.880
0.340
1.890
0.240
0.680
0.910
0.700
0.295
4.200
0.260
0.390
0.280
0.430
0.695
1.560
1.290
0.290
0.595
1.060
0.205
0.680
1.800
0.670
0.960
2.350
0.370
2.230
1.520
1.410
0.805
0.045
0.255
0.085
0.310
0.190
0.075
0.945
0.340
8.390
0.170
3.050
0.940
0.765
0.235
0.710
0.950
0.575
0.350
0.055
3.150
0.070
0.800
1.450
0.265
0.050
0.145
0.155
1.000
1.440
1.110
0.175
0.360
0.510
3.050
1.760
0.130
1.390
0.465
1.030
0.405
7.010
0.480
4.610
0.385
0.500
9.000
0.440
0.555
0.430
0.135
0.040
0.075
0.295
0.195
0.070
3.310
0.365
0.540
0.420
0.680
0.220
0.600
1.150
0.500
1.950
0.735
0.070
1.050
0.365
2.100
1.110
0.890
0.295
0.125
0.120
0.495
0.070
0.745
0.900
0.060
6.060
0.460
4.210
0.155
21.400
2.790
6.190
0.840
1.720
1.050
0.385
0.715
0.325
0.430
0.590
0.120
1.500
0.760
6.200
0.260
0.670
+/
(RM)
VOL
(000)
UNCH
120
-0.010
7
UNCH
17
-0.010
123.9
-0.030
63
-0.030
8
-0.050
1.2
UNCH
11
0.005 1183.6
-0.005
1.3
0.030
36
UNCH
10
-0.005
120
0.060
194.8
0.060
16.1
-0.040
430.9
0.005 1043.4
UNCH
238
-0.010 11895.3
0.040
244
UNCH
93
0.010
350.2
UNCH 6161.1
-0.070 1119.9
-0.030 1375.1
0.005
450
UNCH
257.8
UNCH
38
UNCH
90
UNCH
1
-0.010
611
-0.005
371.1
UNCH
517.5
UNCH
250.9
-0.010
553.5
0.010
436.8
0.060
582.3
UNCH
109.3
0.060
7
0.010 1614.5
0.050
21.5
0.005
6
-0.010
33.7
0.005
26
UNCH
131.5
UNCH
254.6
UNCH
0.4
-0.010
239.3
UNCH 5582.9
-0.005
161.1
0.005
93
UNCH
12
UNCH
161.2
UNCH
926.3
UNCH
13.1
-0.040
4.2
0.170
277
-0.005
207
UNCH
2
UNCH 7721.8
0.005
405.5
-0.005
598.5
-0.005 3880.1
-0.025
10
-0.005
40
-0.090
515.2
UNCH
865
UNCH
10
UNCH
159.5
UNCH
31.7
-0.005
137.3
UNCH
1
-0.005
10
-0.020
10.2
-0.030
55.3
UNCH
314.7
0.015
117.3
-0.010
28.1
0.070
105
-0.030
125.3
0.005
926
0.010
192.4
-0.015 55130.4
0.120
565.7
0.050
241.1
0.040
48.3
UNCH
5
-0.300
825.1
UNCH
95
-0.010 2588.1
UNCH
195
0.005 4773.8
0.005
300.1
-0.005
300
UNCH
703.5
0.005
8138
0.030
11
-0.025
144.2
-0.050
199
0.010
13.5
-0.040
1.3
-0.050
6
0.170
7.5
-0.040 1839.6
UNCH
413
-0.090 3525.7
-0.100
14.5
-0.050
77.5
0.005
49.3
UNCH
103
-0.025
78
UNCH
0.3
-0.010 4245.4
UNCH
84.4
-0.005
3906
0.080 2450.5
-0.060
65.8
0.060
4.5
UNCH
1741
-0.005
57
-0.050
137
UNCH 1283.1
UNCH
52.2
UNCH
71.9
VWAP*
(RM)
PE#
(X)
DY
(%)
0.210
24.07
2.206
9.05
1.000
0.373 34.69
1.137 21.91
0.000 12.33
5.870
9.71
0.502
5.40
8.16
0.185
0.000
2.741 18.08
0.360
0.155
2.483 17.69
2.405 11.27
0.647 15.89
0.210
3.629
5.08
0.370
2.17
3.176 10.85
1.051
1.631 12.84
25.12
8.90
12.03
0.060 10.83
5.900 23.79
3.192
5.24
0.000 26.37
0.414 35.60
1.299 90.10
12.09
0.371
4.042 19.63
0.300
9.52
0.000
2.82
9.96
0.000 56.50
0.951
9.56
2.568
8.31
0.195
7.02
0.336
2.45
1.267
3.84
0.000
6.01
0.474 13.50
1.002 40.85
1.273 22.38
3.009
5.78
0.601
9.89
6.469
7.61
1.001 10.28
1.260
3.48
0.240
8.73
0.055
0.000
0.085
0.345
0.239 17.12
0.090
1.002 13.48
0.000 13.28
7.383 30.70
0.219
1.809 15.39
0.911
9.55
0.672 10.99
0.719 73.44
2.033
5.36
0.000
7.64
26.32
0.142
1.233 58.77
0.211
1.000
0.000 11.56
1.655
0.000
0.150 12.95
0.000
0.797 142.86
1.762
7.14
2.390 42.53
0.359 11.67
0.360
9.38
4.30
3.204
9.88
1.250
7.95
0.155
2.679
8.34
0.430 12.99
9.62
3.703 26.83
0.286
7.467
9.97
0.000
7.58
9.834 31.49
0.530
8.29
0.221 11.86
0.474
4.46
0.175
0.095
0.205
0.761
0.091
0.000
9.22
1.078
0.558
6.30
1.019 14.81
0.231
0.36
8.22
1.230
9.27
1.820 35.71
0.335
6.36
0.165 58.33
0.000
6.90
1.95
0.000
0.911 21.22
23.61
0.530 12.92
0.912
7.59
0.747
7.14
0.145
6.740 20.71
0.558
3.39
9.05
0.127
23.904 18.75
3.040 10.18
6.873 12.14
9.34
2.358
9.95
12.88
1.000
6.17
125.0
6.24
0.000 36.42
0.236 20.34
23.90
3.770 53.36
6.31
0.766 15.16
0.86
7.30
2.94
4.23
5.86
4.70
5.36
4.85
1.52
6.06
2.19
3.39
2.75
3.75
4.11
3.87
1.85
1.74
3.07
3.30
7.14
3.21
3.21
4.65
5.88
0.75
2.92
5.11
2.97
4.48
5.92
10.64
5.79
5.29
1.55
1.20
5.23
2.55
3.68
2.61
0.95
2.41
2.07
3.00
2.43
1.35
2.29
2.78
3.41
2.88
2.91
1.14
2.17
5.19
3.56
4.55
0.90
6.98
1.78
4.63
4.41
5.22
3.08
2.70
8.99
6.06
4.03
2.78
2.64
3.26
8.31
2.01
1.94
4.76
6.10
4.65
1.69
2.24
MKT CAP
(MIL)
22.8
70.2
37.6
161.3
25.9
92.0
74.4
371.1
125.3
836.6
50.4
164.5
36.5
34.5
424.9
15.4
26.3
593.4
138.1
185.8
60.0
17.2
26.2
438.1
162.0
952.7
416.4
192.0
67.6
53.3
425.3
170.3
43.3
28.7
5,243.0
15.4
1,004.7
33.6
303.2
345.8
70.0
22.1
478.2
27.2
17.6
73.8
5.3
154.3
214.6
2,493.9
50.9
45.9
174.1
35.1
112.9
923.4
141.3
81.8
514.4
36.3
546.9
156.9
263.1
64.4
242.2
28.2
83.3
41.7
63.4
33.0
262.6
36.0
6,883.4
47.7
169.1
394.4
153.3
168.8
696.4
38.6
160.3
28.0
61.7
1,509.1
42.1
56.2
116.0
35.0
47.1
65.2
26.9
126.8
134.4
1,080.8
83.2
35.6
31.6
1,354.7
273.9
136.4
358.3
912.4
70.1
50.5
4,482.7
27.1
1,666.4
37.0
74.9
7,647.3
109.3
199.8
133.3
54.4
52.6
104.4
211.8
25.0
121.2
137.6
89.2
29.5
17.7
62.6
49.9
42.0
46.2
23.9
234.0
154.4
46.6
115.3
32.7
210.0
338.6
39.5
83.6
6.9
38.4
96.2
11.9
116.0
67.7
56.8
48,480.0
59.6
418.1
86.8
42,344.9
753.3
475.4
67.2
2,234.0
69.0
61.6
78.6
109.5
78.3
85.6
57.9
86.9
31.9
542.1
35.7
153.6
34 Markets
WE
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
5.136 3.200 3.480

3.460
5.750 2.170 5.200
4.990
1.425 0.800
1.553 1.130 1.300

1.280
2.564 0.977 2.500
2.300
1.230 0.645
7.620 5.738 6.960

6.900
1.050 0.280 0.305
0.280
0.455 0.245 0.250
0.245
1.249 0.550 0.650
0.620
0.525 0.250 0.275
0.270
0.790 0.400
6.140 4.400 5.020

4.900
0.688 0.365 0.400
0.400
0.850 0.440
1.580 0.560 1.310

1.210
1.630 0.484 1.360
1.280
0.861 0.581
1.005 0.540 0.595

0.595
1.508 0.760 0.800
0.800
0.674 0.200 0.245
0.220
2.281 1.500 1.610
1.600
1.979 1.300 1.400
1.370
3.800 1.180
1.680 0.521 1.390

1.310
2.670 1.539 2.110
2.050
3.884 3.115 3.390
3.250
0.475 0.240 0.290
0.290
1.240 0.370 0.440
0.410
15.886 14.020 15.000 14.860
15.723 13.194
0.275 0.110 0.110

0.110
0.540 0.215 0.220
0.220
1.500 0.720
0.955 0.685 0.800

0.790
0.445 0.225 0.225
0.225
2.390 1.650 1.720
1.710
2.201 1.600
0.920 0.680
1.868 1.167 1.700

1.680
2.311 1.690 1.750
1.690
8.550 4.078 8.000
7.790
0.773 0.530
0.250 0.140 0.145

0.140
1.696 1.208 1.450
1.440
4.438 1.370 3.800
3.660
0.971 0.641 0.750
0.750
0.945 0.490 0.715
0.715
6.500 1.994 5.640
5.460
1.853 1.145 1.270
1.250
0.480 0.260
1.965 1.200 1.600

1.500
2.290 1.337 2.060
2.000
0.700 0.470 0.560
0.535
0.650 0.420
2.460 1.880
1.363 0.895 0.910

0.900
2.640 1.110 1.240
1.200
1.363 0.800
0.375 0.170 0.200

0.185
0.890 0.535 0.615
0.615
CONSTRUCTION
0.555 0.330
0.786 0.505 0.550

0.535
1.524 0.540 0.605
0.600
0.955 0.510 0.560
0.540
0.698 0.330 0.370
0.360
1.294 0.860 0.900
0.900
1.515 0.950 0.995
0.960
1.879 1.475
1.168 0.702 0.850

0.820
1.278 0.850 0.920
0.920
0.546 0.340 0.375
0.355
1.807 0.943
1.795 1.130 1.210

1.160
5.293 3.770 4.430
4.310
1.863 0.800 0.840
0.820
1.540 0.785 0.825
0.800
1.478 1.114
1.490 1.180
1.959 1.603 1.640

1.640
7.381 5.890 6.400
6.210
0.905 0.530 0.580
0.570
1.020 0.375 0.830
0.800
0.555 0.300 0.325
0.310
1.220 0.740 0.800
0.800
1.525 1.050 1.170
1.160
1.500 1.060
1.440 0.890 0.950

0.950
0.550 0.305
1.336 0.508 0.960

0.895
0.415 0.190 0.215
0.200
2.290 0.840 0.915
0.880
3.200 1.478 1.920
1.780
1.009 0.450 0.465
0.450
1.695 1.320 1.380
1.320
2.043 1.219 1.550
1.500
0.266 0.115 0.120
0.120
4.685 3.000 3.150
3.070
1.050 0.477 0.720
0.685
1.320 0.980 1.120
1.070
0.530 0.300 0.360
0.340
0.535 0.265 0.300
0.295
1.480 0.845
1.094 0.490 0.550

0.490
2.081 1.110 1.180
1.120
1.100 0.560 0.630
0.570
0.410 0.225 0.255
0.240
TRADING SERVICES
0.694 0.150 0.160
0.155
0.781 0.306 0.360
0.350
3.920 2.600 2.780
2.680
0.260 0.120 0.165
0.150
2.900 0.765 0.920
0.875
7.330 4.220 4.580
4.330
1.460 0.365 0.465
0.430
0.090 0.020 0.025
0.020
11.655 9.685 10.100 10.000
1.987 1.540 1.560
1.560
0.240 0.090 0.225
0.215
1.948 0.765 0.880
0.840
0.225 0.105 0.105
0.105
3.394 2.730 2.920
2.880
4.896 4.227
0.495 0.270 0.300

0.285
7.132 5.590 6.400
6.010
0.327 0.210 0.220
0.220
1.488 0.705 0.885
0.865
0.829 0.440 0.505
0.495
0.450 0.193 0.210
0.200
7.140 6.403 6.790
6.790
2.927 1.890 2.250
2.040
0.591 0.345 0.365
0.355
3.218 1.960 2.090
2.080
0.869 0.630 0.685
0.675
0.615 0.330 0.450
0.400
3.584 2.950 3.000
2.960
0.990 0.475 0.500
0.480
1.610 0.560 0.590
0.585
4.968 3.770 3.890
3.820
1.207 0.740 0.780
0.780
1.804 1.000 1.330
1.200
3.640 1.850 2.550
2.520
1.112 0.505 0.820
0.790
0.622 0.340
0.799 0.430
0.120 0.060 0.070

0.070
1.040 0.650
0.075 0.040 0.050

0.045
2.650 1.390 1.500
1.420
0.310 0.085 0.110
0.100
3.636 1.450 1.690
1.610
2.299 0.970 1.160
1.110
0.695 0.460 0.615
0.580
1.894 1.183 1.590
1.520
6.859 3.770 3.880
3.770
1.860 0.986 1.140
1.070
0.480 0.275 0.330
0.330
1.500 0.441 0.910
0.840
0.495 0.245
0.325 0.195 0.205

0.200
3.817 1.949 3.180
3.130
0.425 0.190 0.205
0.200
1.255 0.910
1.476 1.080 1.140

1.140
CODE
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
0.860
1.413
2.430
0.981
1.735
0.340
0.450
3.460
1.840
4.655
9.774
1.687
0.568
2.564
0.070
0.495
5.580
2.980
3.879
0.055
1.800
6.450
0.927
1.630
0.430
2.775
0.670
0.450
2.217
0.476
1.944
4.410
1.878
0.575
0.570
0.585
0.285
1.050
1.400
2.966
1.879
0.225
7.144
1.724
3.540
2.190
0.882
1.180
2.711
3.380
9.296
2.823
0.684
0.125
0.355
0.495
3.070
1.160
4.410
0.140
1.007
1.003
1.992
0.220
2.990
0.530
1.030
2.833
1.443
0.360
2.918
1.847
1.420
0.310
5.950
22.800
0.250
7.372
0.270
0.430
5.320
2.730
3.345
0.200
0.405
0.921
0.753
0.660
0.225
2.338
0.420
0.950
1.240
1.470
1.810
9.599
0.938
4.307
1.860
2.620
3.500
0.505
2.671
0.245
0.610
4.060
4.500
16.839
1.729
0.585
0.850
7.643
0.750
1.390
0.560
3.056
1.321
2.943
3.973
1.718
0.760
3.753
0.505
3.284
0.550
4.610
1.460
0.145
3.484
1.052
1.790
FINANCE
16.343
3.267
4.896
13.200
13.400
6.667
1.970
4.290
8.811
7.237
1.560
1.590
14.820
13.880
18.015
2.150
1.266
0.895
0.265
2.650
0.764
15.088
0.805
3.350
9.749
2.540
4.630
2.740
1.485
19.645
0.410
9.171
0.962
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
7099
5665
7143
6904
7207
8656
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SMPC
SSTEEL
STONE
SUBUR
SUCCESS
SUPER
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
3.460
5.000
0.830
1.290
2.410
0.850
6.940
0.290
0.245
0.620
0.275
0.410
4.940
0.400
0.580
1.210
1.340
0.765
0.595
0.800
0.225
1.610
1.380
3.770
1.310
2.090
3.390
0.290
0.430
14.860
15.100
0.110
0.220
0.720
0.790
0.225
1.720
1.700
0.680
1.690
1.720
7.830
0.620
0.140
1.450
3.730
0.750
0.715
5.620
1.260
0.285
1.500
2.040
0.560
0.500
2.190
0.910
1.200
0.805
0.195
0.615
0.010
-0.080
0.010
0.030
0.040
-0.010
UNCH
0.020
0.005
0.040
UNCH
-0.060
0.050
0.035
UNCH
0.010
0.040
-0.020
-0.040
0.050
0.140
0.010
0.030
-0.140
-0.020
UNCH
-0.010
-0.010
0.010
-0.010
0.010
0.110
-0.005
UNCH
-0.060
0.015
-0.105
0.160
0.010
0.010
0.030
0.020
UNCH
-0.030
-0.010
0.045
14
273.1
73.4
130.9
181.2
1104.1
110
110.1
57
110.6
8
6421.7
280.6
1
25
147.3
13
200.6
2.4
3208.4
134.3
20
192.3
9.1
12.7
10
379.1
25
32.4
134
183.5
1832.5
24
66
15.5
5
3
1022.5
77.5
7.1
556.5
9.1
208.6
45.4
42
42
2.844 17.21
2.586 12.06
7.35
1.541 10.42
0.870 12.47
5.621
9.82
0.299
0.430 222.73
0.893 16.80
0.403 21.48
6.998
0.580
8.75
15.89
0.320 22.83
0.420 18.43
12.60
1.089
2.02
1.597
0.635
1.980 17.56
1.224
8.04
15.18
0.472 14.40
2.636 15.44
4.033 10.29
0.350
1.134
6.03
0.000 17.40
0.250
0.304
2.939
0.29
0.345
1.801 13.79
13.63
1.426 10.82
1.795
7.47
5.730 21.67
38.99
0.213 24.56
1.400 12.88
1.014 20.64
0.920
5.15
1.000
1.368
9.38
1.682
7.46
66.28
1.686 10.92
3.453 19.28
0.505
13.05
8.22
1.259 13.70
0.904 17.07
9.54
1.000
0.797
1.45
2.39
7.23
1.74
5.81
3.17
4.84
4.88
1.75
1.62
1.87
3.27
6.15
3.11
5.80
1.33
2.29
2.39
5.90
4.65
4.71
3.05
4.07
4.71
3.55
6.98
2.17
1.61
6.90
3.75
3.33
2.76
3.57
2.00
4.51
4.57
2.01
2.48
473.8
431.3
60.4
409.0
289.2
62.5
1,596.2
25.4
83.8
112.7
137.5
32.8
1,482.0
75.0
23.2
1,310.6
331.4
34.3
41.8
335.5
20.2
336.5
165.6
157.6
104.8
1,421.5
1,256.8
129.1
77.4
1,837.0
5.1
17.1
14.1
28.9
31.9
34.4
181.0
164.0
60.6
185.0
219.2
4,887.4
66.3
32.0
568.4
541.6
60.0
83.9
1,298.0
976.4
24.1
200.0
676.6
51.3
20.0
525.6
438.0
303.5
128.8
67.9
62.4
7007
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
7161
9261
5398
5226
5169
5169PA
5169PB
6238
3336
8834
4723
9083
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283
ARK
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
FUTUTEC
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IREKA
JAKS
JETSON
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN
0.350
0.550
0.600
0.540
0.365
0.900
0.995
1.750
0.820
0.920
0.375
1.350
1.160
4.400
0.820
0.805
1.360
1.290
1.640
6.250
0.580
0.815
0.325
0.800
1.160
1.440
0.950
0.370
0.900
0.200
0.910
1.790
0.460
1.380
1.550
0.120
3.100
0.685
1.080
0.340
0.295
0.845
0.490
1.140
0.620
0.240
0.010
-0.005
-0.010
0.005
0.010
0.005
UNCH
0.005
0.025
-0.040
0.060
-0.020
0.005
UNCH
-0.050
-0.030
0.015
0.005
0.030
UNCH
-0.030
-0.030
UNCH
0.010
-0.030
UNCH
-0.010
0.050
UNCH
0.030
-0.015
-0.040
-0.020
-0.005
-0.010
-0.040
0.010
-0.005
87.3
95
548.7
286.7
31.9
23
121.5
8
181.3
512.3
9473.7
193.5
637.6
6
3150.3
16.1
1906.5
1598
6.2
17.3
1152.5
185.2
230.8
2019
3945.5
9
187
32
22.8
921.6
580
1091.8
79.8
34.2
2225.8
67.4
2357.4
0.931
0.000
0.888
0.799
1.255
1.480
0.000
2.720
0.603
1.010
4.762
1.178
1.184
1.930
5.810
1.052
0.522
0.000
1.180
1.845
0.996
0.478
0.523
2.783
2.322
0.460
1.160
1.391
0.299
6.189
1.195
0.000
0.298
0.554
0.000
2.270
0.770
0.300
47.30
18.03
4.36
54.00
11.74
6.16
6.84
7.06
10.83
12.76
26.60
7.61
4.27
13.98
8.06
3.68
11.52
14.73
22.03
60.61
9.01
39.45
14.35
7.89
5.84
9.03
22.12
15.99
6.45
8.13
11.57
2.85
22.35
7.67
9.61
11.09
3.93
3.64
5.83
5.48
3.33
3.77
1.71
3.05
2.17
3.33
2.22
3.45
2.73
2.30
1.84
1.16
1.59
2.40
3.28
2.89
3.70
9.89
2.23
2.17
7.25
5.81
5.16
1.82
0.61
2.04
1.73
16.0
265.9
182.3
438.4
79.4
310.9
171.8
162.2
438.7
787.0
123.7
122.7
253.0
10,586.0
320.6
277.8
11.2
27.0
955.6
11,165.1
99.1
357.3
61.1
802.2
348.7
196.5
114.0
24.8
577.9
46.3
502.7
841.9
292.0
126.0
522.4
38.0
504.5
530.2
1,396.3
108.9
141.7
54.9
57.0
1,368.6
73.8
202.8
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
5081
5208
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
EIG
EITA
0.160
0.350
2.720
0.160
0.900
4.350
0.445
0.025
10.100
1.560
0.220
0.840
0.105
2.900
4.560
0.295
6.110
0.220
0.870
0.500
0.205
6.790
2.250
0.360
2.080
0.680
0.450
2.980
0.500
0.585
3.840
0.780
1.330
2.530
0.795
0.400
0.490
0.070
0.745
0.045
1.470
0.100
1.660
1.110
0.580
1.540
3.860
1.090
0.330
0.840
0.325
0.200
3.180
0.205
0.950
1.140
0.005
-0.010
-0.060
UNCH
0.030
0.030
0.015
0.005
0.200
UNCH
UNCH
-0.015
-0.005
UNCH
UNCH
-0.030
0.005
-0.005
-0.010
-0.005
UNCH
0.110
UNCH
-0.020
UNCH
UNCH
0.030
0.010
0.005
0.040
UNCH
0.120
-0.010
-0.005
UNCH
UNCH
0.010
UNCH
0.090
0.030
-0.010
-0.030
-0.020
0.030
0.005
-0.030
-0.010
0.050
0.005
-0.010
10101.7
138.3
829.5
313.4
55692.5
1847.9
2940
3080.1
10.5
3
23019.9
14415.1
15.1
5933
1750.6
13533.6
100
898.4
570.1
1229.5
3
736.4
1587.4
16.3
58
76
2545.4
6109.2
20
134.5
25
428.3
47.2
396.4
58.8
1037.5
342.8
4171.1
681.4
1004.2
1588.9
14220.3
3.5
6566
1
2020.6
240
934.7
1078.4
1.040
0.344
15.101
0.000
2.412
8.659
1.512
0.089
12.480
1.730
0.311
3.968
0.140
2.917
0.277
6.719
0.310
1.392
1.312
0.320
0.000
1.535
0.525
1.679
0.820
0.490
3.924
0.489
1.493
5.333
0.000
1.759
2.454
2.050
0.105
0.050
2.457
0.381
5.370
4.279
0.371
2.979
6.572
9.405
0.480
0.000
0.336
2.565
0.146
0.958
20.75
12.80
10.36
8.76
17.42
12.89
21.43
26.88
23.85
5.83
21.67
11.89
6.89
4.34
24.38
11.84
2.05
3.46
11.10
10.92
12.40
0.18
22.50
7.27
6.97
29.41
3.94
93.13
6.78
7.79
7.67
31.69
27.75
11.23
24.77
2.19
13.77
17.48
21.81
11.22
9.90
14.29
1.84
3.33
1.75
3.96
1.92
1.94
2.38
3.97
6.58
3.60
4.55
2.30
3.24
3.95
2.78
2.76
1.47
7.21
5.47
2.26
5.03
3.13
1.16
4.29
4.03
3.40
4.22
6.31
1.36
2.46
1.38
1.19
1.57
3.16
3.51
663.7
143.5
3,818.9
25.6
2,504.7
7,217.5
411.4
29.9
1,660.3
93.6
86.0
4,927.7
69.7
15,085.0
1,156.6
67.5
53,177.5
83.7
715.1
160.0
44.0
3,123.4
2,565.3
1,559.4
780.0
3,400.2
105.8
4,026.1
190.7
138.2
3,971.2
182.4
289.5
254.9
296.9
51.0
81.9
50.4
90.8
96.0
326.1
165.2
1,456.0
444.0
468.7
7,836.6
608.6
1,471.5
81.1
423.4
19.5
62.3
2,586.9
145.4
176.2
148.2
YEAR
LOW
DAY
HIGH
DAY
LOW
0.450 0.745
0.745
0.966 1.100
1.070
1.500 1.560
1.560
0.450 0.470
0.460
1.250
0.110 0.160
0.150
0.150
1.892 2.080
2.030
0.820 0.910
0.865
3.744 4.090
3.960
6.510 7.180
6.860
0.960 1.180
1.110
0.380 0.425
0.405
1.890 2.120
2.060
0.060
0.265 0.320
0.315
3.481 5.450
5.330
1.350 2.200
2.160
2.969 3.120
3.120
0.010 0.015
0.010
0.250 0.335
0.310
4.576 6.450
5.870
0.599 0.770
0.715
0.790
0.205 0.245
0.240
1.450 1.620
1.590
0.380 0.395
0.395
0.215 0.335
0.330
1.720 1.850
1.820
0.250 0.285
0.275
1.420
3.488 4.200
3.960
1.031 1.210
1.170
0.350 0.400
0.385
0.190 0.215
0.200
0.270 0.300
0.295
0.120 0.230
0.230
0.500 0.570
0.545
0.647 1.180
1.160
2.468 2.610
2.590
1.180 1.490
1.390
0.135 0.145
0.140
5.912 6.790
6.450
0.775 0.850
0.820
2.567 2.990
2.950
1.040 1.100
1.040
0.500 0.540
0.520
0.685 0.840
0.800
1.910 2.060
2.020
0.910 1.040
0.995
6.365 8.670
8.100
1.490 1.730
1.670
0.330 0.370
0.365
0.065 0.075
0.070
0.155 0.165
0.165
0.270 0.290
0.280
2.560 2.650
2.570
0.600
2.074 4.410
4.320
0.075 0.080
0.075
0.587 0.725
0.720
0.615 0.750
0.730
1.260 1.330
1.260
0.085 0.100
0.090
0.680 2.360
2.220
0.400 0.445
0.440
0.460 0.540
0.515
1.010 1.060
1.020
0.910 1.000
0.975
0.055 0.065
0.060
0.880 1.050
0.990
0.985 1.530
1.520
0.240 0.320
0.295
0.140 0.145
0.140
2.798 5.330
5.200
14.210 22.800 20.680
0.030
3.929 6.440
6.400
0.167 0.200
0.195
0.220
3.760 3.850
3.780
1.304 1.800
1.700
1.864 2.730
2.680
0.100 0.120
0.115
0.340
0.535 0.605
0.590
0.589
0.393 0.475
0.440
0.090 0.100
0.095
1.035 1.840
1.780
0.135 0.165
0.155
0.230 0.280
0.255
0.640
1.236 1.400
1.360
1.155 1.500
1.430
6.700 7.740
7.410
0.751
1.360 1.910
1.790
0.819 1.600
1.570
2.114 2.500
2.440
2.250 2.750
2.600
0.100 0.145
0.130
1.900 2.250
2.050
0.110 0.125
0.125
0.330 0.360
0.335
1.369 3.560
3.490
2.407
10.260 11.600 11.140

0.686 1.380
1.320
0.290 0.370
0.370
0.130 0.190
0.160
6.000 6.700
6.420
0.435 0.515
0.500
0.910 0.950
0.935
0.370
2.563
0.866
2.300
0.860 1.080
1.020
1.220
0.500
1.280 1.820
1.730
0.360 0.400
0.400
2.280
0.420
2.713 4.250
4.150
0.755 1.040
1.010
0.040 0.050
0.045
2.310 2.800
2.630
0.434 0.475
0.465
1.440 1.590
1.550
10.083
2.100
3.400
10.100
10.100
4.170
1.225
3.700
7.457
4.480
0.895
1.300
12.300
7.400
12.500
1.770
0.580
0.782
0.125
1.513
0.532
10.559
0.575
2.650
7.963
1.260
2.990
1.300
1.173
16.880
0.285
6.010
0.550
12.220
2.320
3.790
10.360
4.890
4.060
8.050
5.150
1.280
1.420
13.500
14.000
1.910
0.645
0.880
0.135
2.590
0.585
13.040
0.755
2.680
9.150
1.430
3.280
1.390
1.370
18.880
0.380
6.570
0.595
12.100
2.250
3.540
10.360
4.610
3.970
7.960
4.800
1.260
1.400
12.980
13.520
1.910
0.615
0.880
0.125
2.580
0.580
12.960
0.705
2.650
8.690
1.370
3.200
1.340
1.370
17.940
0.370
6.340
0.580
CODE
7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
5509
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
0016
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
1066
4898
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NCB
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYMPHNY
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
0.745
1.070
1.560
0.460
1.350
0.150
0.185
2.070
0.865
4.010
7.140
1.110
0.415
2.060
0.065
0.315
5.430
2.170
3.120
0.015
0.310
5.880
0.770
1.190
0.245
1.590
0.395
0.330
1.840
0.280
1.530
4.190
1.170
0.385
0.200
0.300
0.230
0.565
1.160
2.590
1.480
0.140
6.560
0.825
2.950
1.070
0.530
0.840
2.050
1.000
8.230
1.690
0.365
0.070
0.165
0.290
2.600
0.600
4.330
0.080
0.720
0.730
1.260
0.100
2.260
0.445
0.520
1.020
0.995
0.065
0.995
1.520
0.305
0.145
5.270
21.000
0.055
6.400
0.200
0.260
3.780
1.700
2.730
0.120
0.375
0.600
0.720
0.475
0.100
1.790
0.160
0.260
1.050
1.400
1.460
7.470
0.760
1.790
1.590
2.450
2.750
0.135
2.080
0.125
0.360
3.490
3.400
11.180
1.350
0.370
0.170
6.480
0.500
0.935
0.430
2.760
0.930
2.700
1.020
1.300
0.565
1.750
0.400
2.400
0.450
4.220
1.030
0.050
2.750
0.465
1.570
-0.030
UNCH
UNCH
-0.010
-0.005
0.020
UNCH
0.050
0.290
-0.040
0.010
UNCH
0.015
-0.020
-0.030
0.020
UNCH
-0.005
0.030
0.040
-0.005
0.030
-0.020
UNCH
0.010
-0.005
-0.010
UNCH
UNCH
-0.005
UNCH
0.005
0.005
UNCH
-0.010
0.050
UNCH
-0.010
-0.010
0.010
0.020
-0.005
0.025
UNCH
-0.010
0.130
UNCH
UNCH
UNCH
UNCH
0.010
UNCH
0.020
0.005
0.060
UNCH
-0.090
0.005
UNCH
0.005
0.005
-0.030
0.045
UNCH
0.005
UNCH
0.015
-0.005
UNCH
-0.160
0.020
UNCH
UNCH
-0.040
UNCH
0.015
0.005
-0.005
0.005
0.010
0.005
-0.005
UNCH
-0.010
0.020
0.070
UNCH
-0.090
0.050
UNCH
-0.110
UNCH
-0.010
-0.010
UNCH
0.030
UNCH
0.015
-0.010
-0.020
-0.005
0.020
0.040
UNCH
0.020
0.010
-0.005
0.050
UNCH
0.010
34
283
2.9
213.5
20247.1
75.6
1391
6790.2
5752.4
321.3
76.9
18.8
25.9
562.4
128.3
3
2363
2028.5
13514.7
71.5
23
56
10
1017
31.3
146.1
1863.8
183.2
448.8
2051.3
313
185
286.4
284.4
319.3
6352.9
3534.7
6575.6
109.1
14.5
3222.3
316.8
11.1
24.7
1418.2
7631.3
946.9
166.2
20371
766.1
862.5
3857.9
348.3
243.9
25
461.1
703.9
494.1
367.3
51
1228.7
3208.8
433.4
3318.3
255.4
782.7
23411.8
108.2
32.6
2479.5
12
222
1080.3
667
7.1
12783.4
1099.2
14.8
27
669
3390.4
2580.9
20.6
1530
9124.9
41297.2
92.4
156.2
29.3
49374
49.1
323.5
138.5
60.2
12920.2
44
60
17379.3
8826.8
743.4
211.9
3695.7
548.1
6
5149.9
294.2
148.3
3755.6
731.5
15898.9
AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP
RHBCAP
TA
12.180
2.280
3.570
10.360
10.100
4.680
1.450
3.990
7.980
4.840
1.260
1.420
13.080
10.200
13.940
1.910
0.630
0.880
0.135
2.580
0.585
13.020
0.725
2.650
8.770
1.380
3.210
1.340
1.370
18.000
0.375
6.370
0.590
UNCH
98.2
UNCH
108.2
-0.190 1920.1
-0.240
2.5
-0.020 19372.6
UNCH
117
-0.260 1082.3
-0.160 10758.2
0.010
33
0.010
106.2
UNCH 3129.7
-0.020
312.1
UNCH
11.7
UNCH 1204.2
UNCH
25
UNCH
260.8
-0.020
64
0.010
183.6
0.020
7.6
0.010
765.2
-0.050
24
0.010 20009.8
0.010
734.2
-0.010
89.3
-0.040
374.7
0.010
2
UNCH 9316.5
0.005 3094.7
-0.110
895.2
UNCH
433.3
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.385
1.658
6.82
1.888
6.12
0.750 12.78
11.47
0.075
7.21
3.875 19.08
2.952 40.23
4.211 19.07
10.196 20.19
1.081 10.61
0.883
6.92
2.644 13.54
0.468
6.23
2.654 11.02
0.869
7.58
3.050 10.07
0.048
0.000
7.23
4.042 62.62
0.723
5.09
0.322
0.000
3.52
0.000 11.25
0.275
1.978
8.62
0.000 12.07
5.61
6.116 28.54
2.191
5.19
0.462
4.76
0.152
8.06
0.429 15.31
0.151 41.82
1.000
1.286 13.73
3.264 14.35
0.000
3.02
0.150
7.45
7.027 29.94
1.704
3.599
9.46
2.650 15.71
1.005
2.33
0.000 28.09
1.976
6.26
3.738 14.64
1.000 13.81
2.820
3.07
0.686
8.09
0.094 38.89
0.201
0.424
3.94
2.509 49.90
3.644 52.17
0.115
0.000 11.21
0.816 18.96
2.573 11.92
0.124
0.000 27.00
0.494
8.36
0.994
7.95
3.506
7.89
0.984 18.09
0.080
2.187
7.53
1.974 28.73
1.458 12.45
0.346
2.757 29.26
30.797 32.63
0.66
4.619 16.62
0.175 12.58
14.29
5.937 15.98
2.589 50.60
1.000
5.05
0.115
6.63
535.7
0.674
15.82
0.350
0.97
0.217
0.654 21.57
0.368
5.33
0.721
9.32
132.91
1.536 29.35
0.000 26.64
9.647 19.86
38.97
4.291
9.05
0.725 25.04
2.459 15.63
0.000 15.57
0.304
6.99
2.666 11.68
0.118 250.00
0.435 31.58
0.982
4.93
12.68
1.000
9.49
0.865 30.27
0.629
0.900
1.000 32.10
0.384 45.87
1.000
5.36
74.14
9.26
7.36
12.69
3.400 12.61
9.84
4.650
9.36
0.000
6.39
2.533 27.53
0.000
0.130 29.41
5.861 11.52
0.000
1.611 15.24
0.93
5.77
5.96
3.70
5.58
0.97
1.57
0.56
4.77
1.45
6.80
4.60
1.15
4.81
0.51
4.55
13.84
4.62
3.57
3.27
1.93
3.42
4.31
7.72
1.43
5.18
1.21
2.71
10.28
6.40
3.90
1.64
2.07
2.74
0.58
1.62
2.78
4.76
5.06
4.96
3.77
2.01
1.32
0.76
1.81
5.31
1.90
3.47
1.91
2.08
5.00
4.51
9.47
4.05
9.29
1.71
4.82
1.32
1.13
1.89
6.12
2.18
3.37
3.58
2.65
2.59
11.11
3.50
0.60
4.28
1.36
5.38
2.22
0.98
3.46
2.16
2.92
2.72
0.55
6.05
68.4
317.8
225.8
220.9
233.5
158.0
23.6
2,657.9
1,069.4
23,811.6
26,726.4
333.5
98.0
416.5
5.2
50.4
12,190.4
394.9
213.7
48.8
364.9
48,352.6
137.1
86.2
37.2
222.6
78.2
41.6
508.9
61.6
152.5
4,415.7
583.8
56.9
80.6
166.9
19.5
130.8
306.3
3,723.8
7,400.0
147.6
49,260.6
825.0
1,152.6
1,186.8
894.2
35.3
498.9
1,600.0
36,737.0
5,146.1
59.4
53.1
483.9
683.2
3,125.5
36.1
2,036.2
62.6
74.1
385.6
583.7
102.3
418.1
124.6
320.6
1,115.8
329.6
56.5
320.1
1,137.8
363.9
28.4
979.1
20,862.5
2.8
1,656.8
131.6
13.0
2,030.0
822.8
273.0
156.3
322.0
406.6
97.9
87.1
18.9
636.3
251.0
608.9
54.6
1,047.3
1,800.7
46,397.4
30.8
10,726.0
262.4
1,809.5
167.8
470.2
589.3
82.5
432.0
1,533.7
340.0
63,095.6
167.5
141.2
190.6
24,351.4
866.4
393.4
17.6
189.1
100.4
109.9
2,205.2
167.1
62.6
509.1
48.0
161.3
20.1
14,390.2
185.4
30.5
3,005.2
74.6
16,946.6
4.68
6.58
4.31
0.48
0.59
5.83
8.28
5.81
4.32
3.10
5.28
3.13
1.47
2.73
1.31
1.59
4.55
3.88
1.71
4.35
8.28
3.77
6.27
6.78
5.14
6.50
3.06
4.00
0.94
3.05
1,753.9
4,429.9
5,526.7
1,753.3
930.4
14,106.4
309.7
6,153.4
4,266.2
41,090.6
363.0
177.5
24,589.2
2,518.3
14,675.6
487.4
436.8
116.7
84.1
309.6
428.1
4,322.5
220.7
536.3
83,659.6
3,917.2
684.0
958.1
337.0
69,878.5
503.2
16,488.6
1,010.0
15.436
4.253
4.969
10.400
7.396
1.000
8.033
7.536
1.068
1.512
1.000
15.806
4.315
0.963
0.000
0.160
1.851
0.620
16.538
0.663
1.000
9.750
2.620
3.648
1.767
1.467
1.000
0.265
7.601
0.782
60.60
8.51
10.41
5.85
8.17
14.47
11.02
20.97
17.54
12.43
9.45
10.35
32.15
9.02
9.70
4.54
73.71
14.85
13.32
15.60
11.90
4.64
5.06
14.77
18.98
14.32
15.76
8.07
6.67
4
2
PROP
1
1
0
0
1
0
1
1
2
3
3
1
2
0
2
1
2
1
0
1
0
0
1
1
0
2
2
1
1
2
2
0
1
0
0
1
2
0
1
1
0
1
1
1
2
1
0
1
0
0
3
0
0
1
2
0
3
3
2
2
2
0
2
3
0
1
1
1
1
3
0
1
6
3
1
3
1
0
8
0
2
0
1
0
2
1
1
2
1
1
2
0
MINI
1
PLAN
1
18
8
1
0
9
0
8
3
10
1
1
1
2
3
0
1
4
23
3
2
0
3
2
1
1
2
5
0
1
0
4
3
0
6
2
0
1
2
2
6
28
HOTE
0
1
0
7
TECH
1
0
0
0
0
0
0
1
0
2
1
0
0
6
0
3
0
0
4
* Volu
A I LY
Markets 3 5
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
AP
IL)
8.4
7.8
5.8
0.9
3.5
8.0
3.6
7.9
9.4
1.6
6.4
3.5
8.0
6.5
5.2
0.4
0.4
4.9
3.7
8.8
4.9
2.6
7.1
6.2
7.2
2.6
8.2
1.6
8.9
1.6
2.5
5.7
3.8
6.9
0.6
6.9
9.5
0.8
6.3
3.8
0.0
7.6
0.6
5.0
2.6
6.8
4.2
5.3
8.9
0.0
7.0
6.1
9.4
3.1
3.9
3.2
5.5
6.1
6.2
2.6
4.1
5.6
3.7
2.3
8.1
4.6
0.6
5.8
9.6
6.5
0.1
7.8
3.9
8.4
9.1
2.5
2.8
6.8
1.6
3.0
0.0
2.8
3.0
6.3
2.0
6.6
7.9
7.1
8.9
6.3
1.0
8.9
4.6
7.3
0.7
7.4
0.8
6.0
2.4
9.5
7.8
0.2
9.3
2.5
2.0
3.7
0.0
5.6
7.5
1.2
0.6
1.4
6.4
3.4
7.6
9.1
0.4
9.9
5.2
7.1
2.6
9.1
8.0
1.3
0.1
0.2
5.4
0.5
5.2
4.6
6.6
3.9
9.9
6.7
3.3
0.4
6.4
9.7
3.4
6.2
0.6
3.0
7.5
9.2
8.3
5.6
7.4
6.8
6.7
4.1
9.6
8.1
2.5
0.7
6.3
9.6
7.2
4.0
8.1
7.0
8.5
3.2
8.6
0.0
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.230 2.010 3.740

3.620
2.315 1.210 1.310
1.280
PROPERTIES
1.208 0.680 0.810
0.755
1.334 0.785 0.820
0.815
0.530 0.370 0.395
0.375
0.330 0.155 0.180
0.170
1.504 0.864 1.140
1.140
0.940 0.510 0.580
0.570
1.043 0.726 0.800
0.785
1.610 0.900
2.804 1.850
3.245 1.460 1.580

1.540
3.540 1.980 2.050
2.050
1.520 0.430 0.480
0.430
2.762 1.460 1.550
1.530
0.394 0.210 0.270
0.250
2.100 1.170 1.360
1.330
1.560 0.800
2.950 1.050 1.940

1.900
1.000 0.655 0.700
0.700
0.626 0.410 0.465
0.460
1.123 0.730 0.750
0.735
0.515 0.340 0.360
0.350
0.920 0.425 0.445
0.440
1.150 0.860
1.903 1.020 1.060

1.030
0.750 0.455 0.500
0.455
2.383 1.660 1.810
1.790
2.770 1.770 2.700
2.690
1.308 0.480 0.515
0.500
1.937 1.160 1.740
1.600
2.884 2.329 2.640
2.620
2.707 1.790 1.920
1.830
0.630 0.315 0.340
0.330
1.780 0.745 0.775
0.750
0.410 0.205 0.225
0.225
0.095 0.040 0.055
0.045
1.237 0.808 0.905
0.905
2.353 1.330 1.450
1.410
0.655 0.340 0.380
0.370
1.586 1.100 1.360
1.340
1.646 1.280 1.310
1.280
0.390 0.250 0.260
0.255
1.163 0.742 0.910
0.875
1.830 1.360 1.420
1.380
1.130 0.630 0.740
0.725
2.782 1.756 2.330
2.210
1.430 1.050 1.160
1.130
0.710 0.540 0.550
0.540
1.060 0.555 0.575
0.575
0.440 0.275
0.294 0.186
3.692 1.900 2.060

1.980
0.470 0.300 0.320
0.310
0.490 0.145
1.687 0.795 0.875

0.835
2.140 0.960 0.995
0.960
0.515 0.265 0.275
0.270
3.864 1.950 2.150
2.000
3.048 2.109
2.152 1.580 1.670

1.630
2.711 1.706 1.950
1.940
2.090 1.304 1.590
1.400
0.750 0.290 0.305
0.300
2.131 1.315 1.560
1.550
3.445 1.720 2.100
2.000
0.325 0.195 0.225
0.220
1.022 0.715 0.775
0.750
1.440 0.640 0.715
0.685
1.228 0.870 0.890
0.885
1.230 0.450 0.455
0.450
3.742 2.679 3.100
2.900
0.225 0.140 0.160
0.160
1.582 0.850
6.165 4.500
3.540 2.920 3.190

3.080
1.189 0.702 0.805
0.785
3.814 2.821 3.410
3.360
1.159 0.740 0.755
0.750
0.383 0.245 0.270
0.255
8.936 5.391
0.130 0.055 0.060

0.055
2.450 1.244 1.340
1.280
0.195 0.105 0.130
0.115
1.140 0.380 0.610
0.585
0.150 0.085 0.090
0.085
2.572 1.550 1.770
1.630
1.383 0.830 0.895
0.860
1.926 0.755 0.870
0.840
2.184 1.680 1.920
1.870
1.942 1.140 1.280
1.250
1.764 0.698
2.139 1.570 1.760

1.740
0.990 0.595 0.600
0.595
MINING
1.650 1.120 1.170
1.170
PLANTATIONS
1.160 1.000
18.971 16.380 17.680 17.660

8.450 7.423
1.534 1.140 1.300

1.280
0.956 0.685 0.720
0.695
9.606 8.010
0.830 0.380 0.415

0.410
8.300 7.200
3.778 1.180 1.280

1.220
10.754 8.520 9.920
9.450
1.940 0.900 1.350
1.340
1.270 0.701 1.050
1.010
1.240 0.790
2.610 1.950 2.030

2.030
3.754 2.990 3.110
3.050
0.901 0.605
1.860 1.200
4.937 3.700 4.060

3.940
23.375 19.127 21.900 20.060
3.826 2.631 3.100
3.070
2.846 2.156 2.500
2.330
0.560 0.345 0.385
0.365
3.042 2.410 2.820
2.780
2.116 1.450 1.450
1.450
1.900 1.500
1.077 0.800 0.895

0.860
2.879 2.610
5.660 4.100
0.495 0.200 0.210

0.210
1.450 0.890
0.720 0.465 0.500

0.485
4.380 3.500
3.742 2.670 2.960

2.950
0.850 0.560
6.431 3.610 3.750

3.700
2.557 1.750
0.941 0.510 0.565

0.540
1.866 1.110 1.220
1.160
2.002 1.151 1.360
1.340
2.378 1.740 1.780
1.750
6.941 5.350 5.500
5.500
28.000 22.165 26.100 26.000
HOTELS
0.964 0.515
1.460 0.840 0.950

0.940
0.530 0.095 0.245
0.235
7.397 5.810
TECHNOLOGY
1.000 0.690
0.670 0.195 0.240

0.225
0.375 0.115 0.130
0.125
0.340 0.210 0.295
0.290
0.280 0.130 0.155
0.145
0.340 0.185 0.200
0.195
0.410 0.180 0.225
0.215
1.797 1.002 1.330
1.320
0.733 0.470 0.590
0.580
2.000 1.107 1.290
1.270
1.280 0.850 0.920
0.895
0.410 0.185 0.200
0.195
0.329 0.232 0.265
0.245
6.449 3.454 5.820
5.710
0.748 0.539
3.580 1.821 3.200

3.120
0.300 0.100 0.115
0.105
0.798 0.442 0.640
0.615
4.350 2.246 3.600
3.500
CODE
6139
5230
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
2968
1503
7010
5062
5018
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
8141PA
6114
8893
6548
1651
9539
3913
5073
5827
5053
6661
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
TAKAFUL
TUNEINS
3.640
1.290
-0.080
-0.020
1397
512
1.000
1.895
20.01
13.59
4.12
3.13
2,969.6
969.8
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GPLUS
GUOCO
HOOVER
HUAYANG
HUNZPTY
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MJPERAK-PA
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
OSKPROP
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.805
0.820
0.395
0.170
1.140
0.570
0.795
1.050
1.890
1.580
2.050
0.450
1.540
0.260
1.340
0.900
1.900
0.700
0.460
0.750
0.360
0.445
1.050
1.050
0.500
1.790
2.690
0.500
1.740
2.640
1.870
0.335
0.760
0.225
0.050
0.905
1.430
0.370
1.350
1.280
0.260
0.885
1.410
0.725
2.330
1.130
0.545
0.575
0.285
0.220
1.980
0.310
0.145
0.835
0.995
0.275
2.010
2.750
1.630
1.950
1.530
0.305
1.550
2.050
0.225
0.775
0.690
0.890
0.455
3.000
0.160
0.950
4.610
3.170
0.785
3.390
0.750
0.255
6.450
0.055
1.280
0.120
0.590
0.090
1.770
0.875
0.850
1.900
1.280
1.480
1.760
0.600
0.010
0.005
0.020
UNCH
0.010
0.010
UNCH
0.060
0.020
-0.060
0.010
-0.010
-0.010
-0.100
-0.060
-0.010
0.015
-0.005
-0.005
-0.010
-0.010
-0.020
UNCH
UNCH
0.050
UNCH
0.040
UNCH
0.005
UNCH
UNCH
-0.015
UNCH
UNCH
-0.010
-0.020
UNCH
-0.015
0.020
-0.015
0.020
UNCH
-0.010
-0.025
-0.050
-0.010
-0.020
0.025
UNCH
0.010
UNCH
0.010
0.020
-0.015
UNCH
0.010
0.005
UNCH
-0.005
-0.010
UNCH
-0.090
UNCH
0.080
UNCH
-0.010
0.005
-0.005
-0.005
-0.030
-0.005
-0.045
UNCH
-0.040
-0.015
0.005
0.010
-0.060
-0.020
0.005
66.8
73
11.9
1664.9
1
125
165.6
14
1.5
125.2
511.2
1045
2831.4
8.2
5
22
187.8
282
1553.8
58.6
4.4
95
13
410.7
11.7
25
1730.7
83
338.6
170
661.1
4
628.2
1000.3
132
1068.2
110.7
141.2
4951.8
76.8
803.9
2214
261
6
92.1
728
1493.9
6.3
391
163.7
340.5
345.8
193.8
37
587
59.2
55.5
11
125
28.7
92.6
112.4
100
515
107
1243.2
244.8
513.9
2582.5
320.1
244.1
142.2
27925
16.1
301.9
2863.4
1336.6
364
135
139.7
0.829
6.35
0.932
9.74
0.000
0.147
0.45
0.000
6.18
0.596 38.26
0.875 12.23
3.51
2.594
4.18
3.289 15.04
0.380 4500.0
1.920 12.05
0.198 30.59
2.716 70.53
89.11
1.060 29.60
0.725
6.64
0.510
1.083
6.27
0.462
4.83
0.758
1.77
7.89
1.070
5.40
0.355
8.12
2.133
4.27
2.302 12.77
2.532
6.41
2.016
6.47
2.710 16.71
0.000
4.60
0.609
7.49
1.257 316.67
0.262
6.99
0.076
1.480
5.10
2.051
3.20
0.373
2.27
1.240
7.27
1.661
9.03
0.325
1.305
5.71
2.198
9.93
0.882
7.35
3.220
5.51
0.726
0.794
0.655
2.54
20.21
2.646
9.49
0.366
5.56
1.373
4.85
0.000
2.26
0.172
3.622
3.91
12.48
1.608
7.48
1.350
3.71
1.536 10.30
0.444 33.52
1.269
3.05
2.699
7.42
0.300
0.927
4.86
1.217
6.93
0.882
4.87
0.519
2.150
7.02
0.174
12.82
15.46
2.873 14.25
0.830 49.37
2.648
7.08
1.086
4.92
0.299
9.85
12.81
0.066
1.411
4.94
0.160
1.210 15.28
0.219
1.555
7.47
1.341
4.56
2.305
8.02
1.990
8.00
2.342
6.19
10.16
1.727 20.68
0.952 24.39
3.73
1.83
1.76
2.52
6.35
15.19
2.44
1.77
2.14
10.87
6.20
5.56
1.90
7.26
3.02
7.23
1.89
3.21
0.89
3.31
6.99
5.41
3.70
2.54
5.65
4.61
6.38
1.77
2.27
4.04
3.23
2.99
1.74
4.36
4.60
5.13
4.90
4.19
3.23
2.32
3.37
8.33
2.11
2.60
3.06
3.24
6.67
3.92
4.96
7.58
2.26
7.05
3.53
6.84
3.66
5.91
480.6
299.4
117.2
168.7
235.1
117.9
884.9
289.5
431.8
158.0
435.0
139.2
1,940.1
189.8
3,168.1
250.8
258.8
89.6
64.6
545.9
135.2
202.3
154.2
735.5
20.0
472.6
671.4
494.5
308.5
3,603.1
7,066.5
149.3
509.0
170.6
288.8
173.5
1,410.6
400.3
98.8
704.8
94.1
294.6
3,397.3
325.1
1,282.2
1,508.3
268.4
153.6
56.2
20.2
830.4
374.3
41.7
1,491.8
56.1
210.1
502.5
249.0
2,056.3
645.2
646.1
62.8
819.1
782.1
77.9
108.2
162.0
379.3
100.7
726.4
33.6
459.9
1,584.1
8,226.8
577.4
6,002.8
232.5
1,357.0
482.8
232.1
542.7
40.2
148.2
72.9
637.2
1,266.5
3,856.8
2,889.5
630.5
295.1
776.9
506.6
1.170
0.020
2186
KUCHAI
7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
2003
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089
AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KULIM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT
1.000
17.680
8.100
1.300
0.695
8.010
0.410
7.200
1.220
9.670
1.340
1.050
0.815
2.030
3.110
0.650
1.400
3.940
20.400
3.070
2.370
0.375
2.800
1.450
1.600
0.895
2.800
4.110
0.210
0.890
0.500
3.700
2.960
0.560
3.740
1.750
0.540
1.220
1.350
1.770
5.500
26.100
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.600
0.950
0.245
6.240
0.015
0.010
147.1
565
1.097
0.065
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
0.900
0.225
0.130
0.295
0.150
0.200
0.220
1.320
0.585
1.270
0.900
0.195
0.260
5.790
0.580
3.190
0.105
0.615
3.500
-0.005
-0.005
0.010
-0.005
0.005
0.005
0.020
0.005
UNCH
-0.010
-0.005
0.005
0.040
0.090
UNCH
-0.025
-0.090
1968
596.8
231.1
340.1
230
1362
127.7
220.8
143.7
265.1
1049.8
719
647.7
2183.5
120.5
5023.8
25.7
0.579
0.378
0.310
0.255
0.230
0.264
1.201
0.509
0.652
0.796
0.462
0.276
3.122
1.542
0.640
0.574
2.047
0.420
6.5
UNCH
234.9
-0.035
14
0.005
41
UNCH 7032.1
-0.200
740.7
0.010
32.5
-0.010
15
UNCH
2
0.010
1.2
-0.060 11225.7
-0.420
872.3
0.150
18.4
0.060
124.5
-0.010
385.8
0.030 1466.9
-0.020
3.5
0.025
6.2
UNCH
9
UNCH
310.1
0.010
7.2
UNCH
57.4
UNCH
327.5
0.030
13.5
-0.010
93.9
0.020
142.2
0.070
7.4
0.080
204.1
1.226
2.41
144.8
19.530 15.69
26.79
0.000 28.26
0.938 15.34
23.61
0.485
4.39
14.13
4.456 37.42
10.947 24.79
1.050 33.00
0.740 22.29
2.617 16.71
3.367 30.49
35.00
5.619 148.12
24.513 25.43
0.000 54.92
2.598 11.92
3.488 208.33
3.678 55.12
0.000
1.055 19.50
28.93
0.343
0.811
30.35
3.230 33.71
6.100 18.84
11.52
0.981 22.13
1.861 21.86
0.000
7.02
2.804 47.84
1.000 24.17
26.600 19.70
2.00
3.39
0.49
2.88
2.00
4.17
8.20
0.67
0.75
2.86
9.82
3.94
1.93
1.68
2.28
2.70
0.33
5.49
3.39
3.45
2.23
0.36
1.70
2.70
1.34
5.14
2.78
1.64
11.11
1.41
2.91
1.53
120.0
7,707.6
757.4
2,080.0
221.3
731.8
346.9
1,018.0
4,450.7
7,502.1
298.7
188.3
151.2
1,624.0
2,738.6
273.5
267.7
25,452.1
21,777.1
193.9
739.0
703.1
3,762.2
451.9
120.0
175.9
336.0
288.5
31.5
290.8
709.2
239.9
196.3
64.4
1,645.5
490.0
800.1
1,078.3
537.5
2,399.7
1,150.6
5,432.3
35.68
3.33
1.92
118.2
456.8
227.6
2,745.6
65.69
12.86
46.83
15.94
6.92
14.34
12.39
66.18
1.76
11.30
23.89
13.38
7.79
11.35
4.55
3.42
5.51
3.85
1.55
3.45
2.48
7.32
0.86
44.3
109.5
56.6
288.6
57.5
92.7
170.6
237.6
121.0
230.0
581.4
134.6
125.6
1,630.0
58.7
2,327.5
10.8
1,268.5
150.6
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.140 0.045 0.090

0.075
7.250 4.022 6.750
6.470
1.890 1.020 1.100
1.100
0.610 0.340 0.420
0.395
0.780 0.455 0.500
0.485
0.425 0.280 0.295
0.290
0.915 0.315 0.680
0.645
0.480 0.200
0.135 0.045 0.070

0.070
2.640 1.165 1.810
1.740
3.805 2.009 2.910
2.890
0.960 0.606 0.695
0.685
INFRASTRUCTURE PROJECT COMPANIES
6.419 4.860 5.570
4.950
4.950 3.303 4.880
4.520
3.740 2.290 2.550
2.480
1.040 0.350 0.410
0.390
6.970 4.130 6.090
5.930
1.670 1.342 1.610
1.550
CLOSED-END FUNDS
2.450 2.100 2.180
2.120
EXCHANGE TRADED FUNDS
1.084 1.030
1.890 1.640
1.575 1.010 1.275

1.250
1.005 0.925 0.955
0.955
1.195 0.990 1.060
1.060
1.065 0.940
REITS
1.168 0.910 0.960
0.960
1.466 1.254 1.390
1.370
0.938 0.730 0.795
0.775
0.915 0.740 0.850
0.830
1.167 1.010 1.040
1.030
3.624 3.130 3.320
3.270
1.545 1.240 1.340
1.310
1.519 1.337 1.500
1.480
1.340 1.141 1.320
1.290
7.305 6.039 7.140
6.930
1.227 0.995 1.060
1.040
1.580 1.255 1.540
1.500
1.694 1.342 1.500
1.480
1.266 1.080 1.130
1.110
1.634 1.253 1.530
1.530
1.050 0.880 1.040
1.010
SPAC
0.690 0.605 0.660
0.660
0.675 0.565 0.595
0.595
0.515 0.390 0.430
0.425
CODE
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0143
3867
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
KEYASIC
MPI
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
0.090
6.710
1.100
0.395
0.485
0.290
0.650
0.245
0.070
1.750
2.900
0.690
0.020
0.100
UNCH
-0.010
-0.025
UNCH
-0.015
UNCH
-0.020
0.080
0.010
47.7
111.6
3
420.8
169
180
1095.1
284
3289.3
559.8
74.5
0.000
3.211
2.180
0.678
0.784
0.350
0.213
0.070
0.871
1.148
0.672
11.75
9.62
11.48
15.20
9.90
2.98
9.09
4.00
0.86
2.90
72.5
1,408.3
66.4
106.8
188.2
70.0
86.6
26.3
69.9
1,284.2
676.9
171.1
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
5.080
4.800
2.480
0.390
6.000
1.610
-0.150 19488.9
-0.070
529.9
UNCH
325.4
-0.010
47.2
-0.020
109.5
0.060 7410.3
4.873
4.200
3.375
0.385
3.903
1.947
19.85
16.93
7.29
12.42
5.00
6.25
0.93
6.21
39,497.0
2,495.4
1,036.7
273.6
3,453.6
11,956.2
5108
ICAP
2.130
UNCH
108.5
2.360
28.44
298.2
0800EA
0822EA
0823EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
METFSID
MYETFDJ
MYETFID
1.035
1.660
1.250
0.955
1.060
0.960
-0.050
-0.015
0.010
34
5
21
1.035
0.000
1.168
5.49
3.77
3.11
2.34
712.0
2.2
17.1
21.0
267.0
20.7
4952
5116
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
0.960
1.380
0.795
0.850
1.040
3.280
1.330
1.490
1.310
7.000
1.050
1.540
1.490
1.130
1.530
1.030
-0.010
0.040
0.020
0.025
UNCH
0.010
UNCH
0.010
UNCH
UNCH
0.010
0.030
UNCH
0.030
0.030
-0.010
0.7
8
22.4
121.2
67
49
496.3
197.5
1207.6
114.1
361.3
797
3068.9
43
4
273.1
1.000
1.330
1.019
1.030
0.000
3.340
1.427
1.520
1.216
5.970
1.180
1.300
1.264
1.509
0.000
1.033
37.21
13.29
15.74
4.54
7.49
13.56
10.73
11.61
13.37
13.15
9.80
8.96
8.08
6.83
13.12
7.45
7.50
5.58
6.96
7.64
8.94
5.35
6.76
7.05
6.39
4.80
7.98
5.33
5.86
5.66
7.22
7.74
96.0
960.8
545.7
487.2
126.7
1,796.6
2,693.0
596.9
4,539.9
12,637.3
694.5
4,647.5
4,380.7
317.0
647.0
1,364.1
CLIQ
REACH
SONA
0.660
0.595
0.430
Unch
-0.005
Unch
152
42
2896.8
0.675
0.000
0.440
416.4
760.3
606.6
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.000
0.128
0.315
0.149
0.000
0.082
0.000
0.140
0.214
0.305
0.196
0.146
0.180
0.122
0.080
0.000
0.222
0.470
80.77
33.33
9.50
10.92
17.31
12.92
10.91
30.00
47.50
1.19
0.40
0.85
5.56
1.94
55.4
32.5
152.0
48.6
58.6
36.0
120.4
23.3
17.0
97.6
29.0
17.8
69.1
16.5
68.6
21.9
80.9
34.5
32.5
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
INDUSTRIAL PRODUCTS
0.790 0.210 0.630
0.150 0.070 0.080
0.590 0.232 0.435
0.320 0.135 0.230
0.370 0.145 0.305
0.093 0.040 0.045
0.530 0.243 0.400
0.220 0.070 0.075
0.535 0.110 0.135
0.235 0.085 0.095
0.275 0.120 0.125
0.180 0.070 0.075
0.435 0.235 0.330
0.180 0.105 0.115
0.160 0.055 0.065
0.180 0.085 0.090
0.320 0.120 0.200
0.415 0.145 0.165
0.250 0.150
TECHNOLOGY
0.290 0.130 0.160
1.600 0.300 0.530
0.015 0.005
1.160 0.800 0.920

0.395 0.165 0.190
0.120 0.015 0.045
0.150 0.055 0.060
0.145 0.050 0.055
0.142 0.060 0.065
0.430 0.190 0.245
0.145 0.050 0.060
0.260 0.110 0.155
0.070 0.030 0.045
0.195 0.085
0.155 0.069 0.150

1.854 0.362 0.580
0.095 0.045 0.060
0.230 0.085 0.130
0.228 0.100 0.105
0.435 0.165 0.190
0.700 0.443
0.565 0.120 0.385

0.670 0.180 0.205
0.085 0.040 0.045
0.415 0.100 0.125
0.265 0.105 0.135
0.160 0.050 0.065
0.660 0.360
1.950 0.500 0.950

0.469 0.290 0.325
0.115 0.070
0.890 0.374 0.595

0.380 0.200 0.230
0.365 0.175 0.205
0.265 0.100 0.105
0.945 0.650 0.675
0.090 0.025 0.035
0.150 0.055 0.085
0.250 0.095 0.100
0.420 0.120
1.307 0.488 0.620

0.460 0.262 0.350
0.060 0.030 0.050
0.430 0.100 0.180
0.204 0.075 0.085
0.530 0.288 0.415
0.165 0.030 0.050
0.660 0.395
0.930 0.170 0.180

0.175 0.065 0.085
0.400 0.158 0.320
0.235 0.090 0.115
0.420 0.110 0.180
0.260 0.100
0.160 0.080 0.145

0.425 0.145 0.155
0.460 0.085 0.100
0.425 0.055 0.215
0.490 0.110 0.115
0.656 0.485 0.540
TRADING SERVICES
0.280 0.180 0.230
0.200 0.095 0.105
0.260 0.050 0.055
0.358 0.194
0.343 0.240
0.750 0.370
0.380 0.280
0.275 0.100 0.185

0.240 0.160 0.165
0.385 0.120 0.165
0.460 0.270
0.330 0.136 0.190

0.055 0.005 0.010
0.240 0.130 0.150
0.900 0.575 0.595
1.650 0.480 0.500
2.670 1.105 1.880
0.313 0.192 0.215
0.560 0.325 0.345
0.680 0.450
0.255 0.100
0.060 0.030 0.035

0.115 0.045 0.065
FINANCE
0.730 0.390 0.500
DAY
LOW
CODE
COUNTER
0.610
0.075
0.420
0.220
0.285
0.040
0.390
0.070
0.125
0.085
0.120
0.070
0.305
0.110
0.055
0.090
0.160
0.160
0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084
ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST
0.630
0.075
0.420
0.225
0.285
0.045
0.390
0.070
0.125
0.090
0.120
0.070
0.310
0.110
0.060
0.090
0.160
0.160
0.190
0.020
-0.005
-0.005
0.005
-0.020
Unch
0.005
-0.005
Unch
Unch
Unch
Unch
-0.020
-0.005
Unch
Unch
0.010
-0.005
65.5
160
489.6
8962
2479.2
245
1108.9
730
220.6
2204.4
45
931.4
744.6
30
5978.6
836.4
295.1
210
0.160
0.525
0.850
0.185
0.045
0.055
0.055
0.060
0.230
0.055
0.145
0.045
0.125
0.545
0.060
0.130
0.100
0.180
0.360
0.200
0.040
0.110
0.115
0.060
0.890
0.310
0.560
0.200
0.195
0.100
0.650
0.030
0.070
0.095
0.605
0.330
0.045
0.165
0.080
0.400
0.045
0.175
0.080
0.305
0.115
0.175
0.130
0.145
0.095
0.200
0.115
0.530
0119
0068
0039
0098
0079
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0034
0094
0069
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0113
0103
0156
0092
0108
0020
0096
0026
0018
0035
0040
0005
0123
0007
0106
0135
0178
0117
0169
0093
0129
0050
0132
0060
0120
0066
0141
0086
0009
APPASIA
ASDION
ASIAEP
BAHVEST
CWORKS
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INGENCO
INIX
INSTACO
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OMEDIA
OPCOM
OPENSYS
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
TMS
VIS
VSOLAR
WINTONI
YGL
YTLE
0.160
0.525
0.010
0.880
0.185
0.045
0.060
0.055
0.060
0.230
0.060
0.150
0.045
0.095
0.145
0.555
0.060
0.130
0.105
0.180
0.625
0.365
0.205
0.040
0.115
0.135
0.065
0.600
0.910
0.310
0.100
0.560
0.230
0.195
0.105
0.650
0.030
0.075
0.100
0.260
0.605
0.330
0.045
0.170
0.080
0.405
0.050
0.500
0.180
0.080
0.310
0.115
0.180
0.110
0.135
0.145
0.095
0.210
0.115
0.540
Unch
-0.035
Unch
Unch
Unch
Unch
Unch
-0.005
Unch
0.010
Unch
0.005
0.020
Unch
Unch
Unch
Unch
-0.005
Unch
0.005
Unch
-0.005
0.020
Unch
-0.040
-0.015
-0.020
0.020
Unch
0.005
-0.025
-0.005
0.005
0.005
-0.025
-0.010
Unch
-0.005
-0.005
0.005
0.005
Unch
0.005
Unch
0.015
0.005
-0.015
-0.005
-0.005
0.010
-0.005
0.005
33.1
20
73.6
36
200
1433.5
676.9
705
427.5
1789
827.4
250
37505.4
12039.5
3170
94
5362.5
3602.4
748.3
2506.6
467
956.6
200.2
70
109.1
424
699.5
172.9
2837.3
224.6
25.8
1328
22925.1
671.1
69.6
1513.4
699.1
2714.8
2302.2
388.6
368
129.3
865.4
1383.3
15
1537.2
26197.6
170
15199.7
1303.5
12
413.6
0.111
0.460
1.193
0.185
0.070 12.16
0.216
0.073 14.47
0.208 24.00
0.126 60.53
0.075
0.130 11.90
0.060
8.18
0.123
0.085
8.38
0.079
0.146
0.262
0.275
30.19
0.000 82.95
0.327
8.61
0.066
0.000
1.74
0.185
0.100
16.67
0.000 15.99
0.260 11.19
0.203
8.05
0.335 51.11
0.115 114.71
0.187
0.496 32.66
0.070
0.088 16.30
0.070 34.48
0.745 15.67
0.170 10.75
0.047
0.100 14.78
0.221
9.52
0.402 17.16
0.000
12.50
0.224
7.50
0.100
0.322 13.19
0.000
0.105 18.37
0.066
0.585 11.42
0.000
0.060 23.33
0.000
0.630 20.30
1.80
1.20
2.44
3.30
1.61
3.57
1.54
3.31
3.03
1.47
3.70
3.23
3.33
7.41
45.0
61.0
8.1
374.3
22.4
4.5
29.3
74.6
89.4
194.5
42.3
52.8
13.0
25.0
71.8
310.2
57.2
18.1
136.6
367.3
78.8
44.9
88.7
23.2
27.3
25.1
12.8
56.5
138.5
87.4
18.7
91.3
21.7
138.5
24.3
286.1
18.8
141.2
49.8
55.5
97.6
73.7
13.1
94.9
85.3
76.7
10.0
100.0
46.9
22.7
61.0
13.9
57.1
41.3
58.7
16.1
28.8
107.7
20.2
729.0
0.210
0.100
0.050
0.185
0.160
0.160
0.190
0.005
0.150
0.595
0.500
1.800
0.215
0.335
0.030
0.060
0122
0048
0150
0011
0157
0081
0147
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0089
0145
0140
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
TEXCYCL
TFP
UTOPIA
XOX
0.230
0.100
0.055
0.230
0.240
0.380
0.300
0.185
0.160
0.160
0.315
0.190
0.005
0.150
0.595
0.500
1.880
0.215
0.345
0.490
0.110
0.030
0.065
Unch
-0.005
Unch
-0.005
-0.010
-0.005
Unch
-0.005
0.005
Unch
Unch
0.080
0.005
0.005
-0.005
Unch
52.1
101.8
733
60
35.6
310.5
120
175
290.3
25
51.8
0.6
293
215
4379.1
480
0.000 115.00
0.190
0.103
11.17
17.39
9.69
60.00
0.000
0.125 66.67
0.165
38.41
0.150 10.86
0.050
0.000
0.695 26.21
0.681
1.000 11.20
0.000 10.64
0.399
26.06
0.077
0.164 14.13
2.74
4.17
3.75
2.63
1.85
2.66
6.98
8.70
0.51
61.2
47.3
47.7
58.0
39.6
70.5
41.5
21.7
39.2
47.2
15.3
39.3
4.8
19.6
450.4
67.3
80.4
88.6
85.4
83.7
22.6
29.7
21.6
0.450
0053
OSKVI
0.485
0.005
16.1
0.536
4.12
95.6
36 Markets
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S
Bursa Malaysia Equity Derivatives
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
Main Market & Ace Market Warrants
0.240
0.145
0.155
0.295
0.430
0.240
0.155
1.840
0.185
0.260
0.045
0.530
0.345
0.240
0.490
0.390
1.690
0.950
0.795
0.290
0.466
0.300
0.175
0.130
0.110
0.130
0.450
0.515
0.275
0.155
0.185
0.060
0.100
1.650
0.465
0.065
0.660
0.140
0.270
0.185
0.780
0.305
2.000
0.140
0.120
0.290
0.370
0.350
0.255
0.145
0.160
0.075
0.045
0.075
1.860
0.470
0.100
0.140
0.240
1.180
0.085
0.620
0.165
0.120
0.115
0.125
0.130
1.190
0.150
2.669
0.130
0.120
0.150
0.150
2.690
0.235
0.150
0.070
0.605
0.710
0.320
0.115
0.210
0.135
0.160
1.050
0.710
0.270
0.150
0.170
0.455
0.455
1.260
0.440
0.225
0.300
0.165
0.185
0.250
0.500
0.260
1.950
0.115
0.135
0.125
0.200
0.270
1.200
1.220
0.235
0.165
0.200
0.050
0.680
0.610
0.290
0.130
0.065
0.450
0.190
0.145
0.245
0.200
0.195
0.145
0.165
0.190
0.405
0.400
0.385
0.270
1.820
0.070
0.090
0.060
0.135
0.080
0.205
0.120
0.535
0.310
0.070
0.035
0.050
0.120
0.025
0.030
0.140
0.487
0.015
0.090
0.015
0.260
0.065
0.090
0.205
0.220
0.550
0.280
0.300
0.150
0.150
0.100
0.025
0.020
0.010
0.005
0.135
0.005
0.025
0.050
0.020
0.010
0.005
0.390
0.155
0.015
0.175
0.025
0.030
0.065
0.217
0.235
0.500
0.010
0.010
0.075
0.140
0.040
0.070
0.055
0.035
0.030
0.015
0.030
0.800
0.280
0.025
0.045
0.130
0.395
0.015
0.220
0.015
0.060
0.035
0.020
0.055
0.495
0.005
0.705
0.045
0.065
0.065
0.070
1.300
0.030
0.020
0.020
0.090
0.085
0.085
0.010
0.005
0.010
0.025
0.175
0.060
0.045
0.080
0.065
0.055
0.045
0.690
0.143
0.055
0.100
0.005
0.050
0.115
0.200
0.120
0.670
0.025
0.005
0.030
0.045
0.110
0.360
0.600
0.025
0.030
0.105
0.015
0.300
0.140
0.160
0.020
0.030
0.140
0.020
0.040
0.040
0.080
0.035
0.005
0.030
0.010
0.025
0.100
0.040
0.085
0.650
0.015
0.035
0.015
0.040
0.005
0.045
0.025
0.360
0.110
0.075
0.045
0.055
0.165
0.030
0.115
0.150
1.470
0.025
0.100
0.015
0.280
0.100
0.125
0.455
0.315
0.620
0.600
0.335
0.210
0.175
0.120
0.040
0.040
0.020
0.015
0.180
0.010
0.060
0.075
0.050
0.030
0.015
0.540
0.170
0.015
0.185
0.040
0.045
0.110
0.435
0.305
0.600
0.010
0.015
0.085
0.190
0.205
0.105
0.090
0.065
0.035
0.020
0.035
1.000
0.315
0.035
0.075
0.145
0.705
0.025
0.225
0.145
0.110
0.055
0.035
0.085
0.595
0.010
0.945
0.045
0.075
0.080
0.080
1.590
0.035
0.025
0.030
0.105
0.125
0.090
0.020
0.005
0.015
0.065
0.795
0.065
0.050
0.085
0.080
0.080
0.080
0.920
0.300
0.075
0.120
0.015
0.065
0.150
0.260
0.160
0.670
0.025
0.010
0.045
0.090
0.255
0.425
0.690
0.030
0.060
0.120
0.040
0.330
0.505
0.225
0.030
0.030
0.450
0.035
0.055
0.050
0.085
0.035
0.005
0.030
0.010
0.035
0.115
0.150
0.165
0.700
0.025
0.060
0.020
0.055
0.005
0.080
0.030
0.430
0.135
0.075
0.045
0.055
0.165
0.030
0.115
0.140
1.450
0.025
0.090
0.015
0.280
0.090
0.110
0.450
0.315
0.600
0.590
0.300
0.200
0.155
0.120
0.040
0.040
0.020
0.005
0.160
0.005
0.030
0.060
0.030
0.020
0.010
0.540
0.155
0.015
0.180
0.035
0.045
0.095
0.435
0.235
0.600
0.010
0.010
0.085
0.190
0.195
0.100
0.080
0.055
0.035
0.020
0.035
0.990
0.310
0.035
0.075
0.140
0.705
0.025
0.225
0.110
0.075
0.045
0.025
0.075
0.595
0.010
0.880
0.045
0.070
0.070
0.080
1.580
0.030
0.025
0.025
0.105
0.125
0.090
0.015
0.005
0.015
0.050
0.725
0.065
0.045
0.080
0.080
0.070
0.065
0.900
0.300
0.060
0.110
0.005
0.055
0.145
0.205
0.150
0.670
0.025
0.010
0.040
0.075
0.250
0.420
0.600
0.030
0.050
0.115
0.035
0.330
0.505
0.225
0.025
0.030
0.450
0.035
0.045
0.045
0.085
0.035
0.005
0.030
0.010
0.025
0.110
0.130
0.160
0.700
0.015
0.055
0.015
0.045
0.005
0.080
0.025
0.410
0.125
5175WA
0024WA
8923WA
7167WA
0111WB
5247CH
5247CJ
7216WA
8303WA
0151WA
0036WA
5171WA
7164WA
7164WB
7153CF
7153CI
5038WA
2003WC
5789WA
7126WA
8583WB
8583WC
5264CA
5264CG
5264CH
5264CI
6181WB
5098WA
115510
115511
115512
115513
1155C8
1171WA
1694WB
0075WA
3662WB
5186CX
5026WA
3816CY
9571WC
9571WD
6114WB
2194CW
2194CY
1651WA
0138CG
0138CH
0138CJ
0138CK
0138CL
0096WA
0096WB
0096WC
6661WC
5053WC
1295C4
1295C5
9997WB
7108WA
5146WA
8311WC
5681CM
5681CO
6033CK
6033CL
6033CM
1945WC
8869CI
8869WC
0007WA
6807CE
6807CF
6807CG
6807WB
5256WA
0133WB
0133WC
7073WA
7073WB
0055WA
4197C2
521810
521812
521815
7155WA
0117WA
5241WA
8664HA
7143WA
1201WA
1201WB
5211WA
0148WA
7106C1
7106C2
7106CX
7106CZ
7082WB
1538WB
7071WB
5191WA
4405CS
534715
534719
534720
5347HA
7252WA
7034WA
4863C5
4863C6
0101WB
0060WA
8397WC
7113CT
7113CV
5054WB
514817
5243HA
5005CF
5005CJ
0120WA
7240WA
0066WA
9679CS
9679CU
9679CV
9679WC
9679WD
0141WA
5246CL
7245WA
5156WB
5156WC
0095WA
5155WA
7122WA
7293CJ
7020WB
6742WB
2283WA
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.070
0.090
0.150
0.110
0.100
0.095
0.195
0.300
0.145
0.145
0.295
0.110
0.085
0.480
0.700
0.310
0.140
0.275
0.220
0.285
0.330
0.080
0.237
0.720
0.450
0.450
0.185
0.305
0.190
1.990
0.405
0.180
0.040
0.225
0.375
0.115
0.675
0.100
0.220
0.095
0.080
0.235
0.085
0.550
0.850
0.135
0.325
0.325
0.625
0.790
0.669
0.680
0.195
0.200
0.545
0.625
0.435
0.120
0.195
0.340
0.255
0.350
0.135
0.825
0.140
0.730
0.225
0.970
1.180
0.150
0.080
0.215
0.045
0.735
0.690
1.060
1.320
1.610
0.575
1.490
1.890
0.575
1.180
0.920
0.530
0.595
0.770
0.680
1.250
1.180
0.920
0.590
0.640
0.625
1.100
0.885
0.725
0.335
0.053
0.145
0.940
0.135
0.695
0.350
2.960
0.140
0.175
2.950
0.230
0.055
0.260
0.120
0.260
0.250
3.840
0.165
0.150
0.855
0.380
0.150
1.040
0.370
0.865
0.715
0.025
1.760
0.280
0.170
3.200
1.640
0.425
0.095
0.160
0.075
0.155
0.325
0.035
0.035
0.015
0.015
0.010
0.035
0.090
0.090
0.055
0.060
0.005
0.020
0.030
0.150
0.290
0.095
0.015
0.095
0.075
0.035
0.060
0.025
0.060
0.255
0.085
0.095
0.065
0.105
0.085
0.140
0.175
0.070
0.010
0.045
0.150
0.115
0.255
0.020
0.035
0.015
0.020
0.100
0.035
0.160
0.305
0.035
0.105
0.115
0.180
0.040
0.300
0.140
0.060
0.125
0.100
0.420
0.060
0.035
0.060
0.115
0.055
0.120
0.045
0.540
0.005
0.005
0.040
0.010
0.035
0.010
0.010
0.010
0.015
0.160
0.305
0.770
0.995
0.470
0.050
0.340
0.500
0.040
0.250
0.165
0.080
0.085
0.200
0.160
0.685
0.515
0.370
0.100
0.075
0.085
0.480
0.355
0.295
0.105
0.015
0.050
0.110
0.015
0.130
0.005
1.500
0.015
0.025
0.530
0.125
0.025
0.070
0.010
0.050
0.145
1.960
0.120
0.005
0.625
0.040
0.005
0.400
0.160
0.495
0.305
0.005
0.285
0.160
0.050
1.567
1.020
0.150
0.030
0.035
0.065
0.045
0.020
0.040
0.035
0.025
0.015
0.010
0.040
0.090
0.130
0.070
0.090
0.005
0.025
0.035
0.160
0.325
0.105
0.015
0.110
0.100
0.100
0.110
0.030
0.140
0.265
0.085
0.120
0.085
0.120
0.105
0.200
0.190
0.120
0.015
0.045
0.190
0.115
0.390
0.020
0.090
0.020
0.025
0.145
0.055
0.210
0.390
0.060
0.160
0.300
0.180
0.070
0.355
0.300
0.075
0.170
0.215
0.565
0.165
0.055
0.145
0.175
0.255
0.300
0.070
0.825
0.010
0.005
0.060
0.045
0.120
0.025
0.030
0.025
0.045
0.335
0.520
0.900
1.110
1.410
0.465
1.070
1.420
0.505
0.860
0.640
0.465
0.465
0.610
0.525
1.210
0.950
0.715
0.470
0.520
0.515
0.835
0.630
0.490
0.115
0.015
0.080
0.150
0.030
0.145
0.025
1.930
0.020
0.035
0.650
0.135
0.030
0.090
0.010
0.240
0.185
3.720
0.140
0.060
0.745
0.040
0.005
0.400
0.260
0.515
0.360
0.005
0.475
0.190
0.075
2.820
1.210
0.175
0.030
0.035
0.065
0.055
0.060
0.040
0.035
0.015
0.015
0.010
0.040
0.090
0.130
0.070
0.090
0.005
0.020
0.035
0.160
0.310
0.095
0.015
0.105
0.075
0.075
0.100
0.030
0.130
0.265
0.085
0.105
0.080
0.115
0.105
0.200
0.185
0.120
0.015
0.045
0.160
0.115
0.330
0.020
0.080
0.015
0.025
0.125
0.050
0.205
0.375
0.055
0.150
0.275
0.180
0.070
0.330
0.275
0.070
0.170
0.120
0.550
0.100
0.040
0.100
0.135
0.180
0.210
0.055
0.660
0.005
0.005
0.050
0.025
0.040
0.020
0.020
0.015
0.025
0.220
0.380
0.770
1.090
1.190
0.360
1.070
1.420
0.380
0.800
0.470
0.390
0.370
0.510
0.410
1.200
0.755
0.530
0.405
0.375
0.405
0.590
0.460
0.360
0.110
0.015
0.080
0.135
0.030
0.140
0.005
1.810
0.020
0.030
0.600
0.125
0.025
0.085
0.010
0.240
0.185
3.700
0.140
0.050
0.695
0.040
0.005
0.400
0.240
0.515
0.305
0.005
0.445
0.190
0.075
2.770
1.180
0.170
0.030
0.035
0.065
0.045
0.055
5238WA
6599CE
509922
5014CO
1015CV
5194WA
0119WA
52812
52813
52814
5210CZ
0150WA
0072WA
7078WA
5258WA
6998WA
3395CW
3395WB
9938WB
7188WA
7188WB
5229WA
0163WA
7076WA
5195WA
5195WB
1023C6
2852CL
2852CM
5071WA
2127WA
0102WA
5214WA
0051WA
7212WA
7277C5
7277WA
7198WA
5216CB
5216CC
5216CE
5216CF
3417C1
3417WB
8206WA
1368CC
0107WA
0065WA
8877WB
6076WA
5056WA
7249WA
7047WB
56010
0650C1
65010
0650C2
0650C3
0650C4
0650C5
0650C6
0650C7
0650C8
0650C9
0650CN
0650CO
0650CR
0650CS
0650CT
0650CU
0650CV
0650CX
0650CY
0650CZ
0650H1
0650H2
0650H3
0650HF
0650HG
0650HH
0650HI
0650HK
0650HL
0650HM
0650HN
0650HO
0650HP
0650HQ
0650HR
0650HS
0650HT
0650HU
0650HV
0650HW
0650HX
0650HY
0650HZ
9318WB
0109WA
9377WA
9261WA
539818
5226WA
5102WA
2291WA
318222
318223
3182WA
1147WA
7096WA
7022CF
1503CA
3034CK
3034CN
3034WA
5168CO
9342WA
5095WB
5072WA
3301CB
5169WA
7213WB
65110
65111
7013WA
0023WA
0166CE
0166CH
0166WA
0166WB
3379WB
0069WC
5249CI
5249CJ
7183WA
0010WB
WARRANTS
AAX-WA
AEON-CE
AIRASIAC22
AIRPORT-CO
AMBANK-CV
APFT-WA
APPASIA-WA
APPLE-C12
APPLE-C13
APPLE-C14
ARMADA-CZ
ASIABIO-WA
AT-WA
AZRB-WA
BIMB-WA
BINTAI-WA
BJCORP-CW
BJCORP-WB
BRIGHT-WB
BTM-WA
BTM-WB
CAP-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C6
CMSB-CL
CMSB-CM
COASTAL-WA
COMFORT-WA
CONNECT-WA
CSL-WA
CUSCAPI-WA
DESTINI-WA
DIALOG-C5
DIALOG-WA
DPS-WA
DSONIC-CB
DSONIC-CC
DSONIC-CE
DSONIC-CF
E&O-C1
E&O-WB
ECOWLD-WA
EDGENTA-CC
EDUSPEC-WA
EFORCE-WA
EKOVEST-WB
ENCORP-WA
ENGTEX-WA
EWEIN-WA
FAJAR-WB
FB-C10
FBMKLCI-C1
FBMKLCI-C10
FBMKLCI-C2
FBMKLCI-C3
FBMKLCI-C4
FBMKLCI-C5
FBMKLCI-C6
FBMKLCI-C7
FBMKLCI-C8
FBMKLCI-C9
FBMKLCI-CN
FBMKLCI-CO
FBMKLCI-CR
FBMKLCI-CS
FBMKLCI-CT
FBMKLCI-CU
FBMKLCI-CV
FBMKLCI-CX
FBMKLCI-CY
FBMKLCI-CZ
FBMKLCI-H1
FBMKLCI-H2
FBMKLCI-H3
FBMKLCI-HF
FBMKLCI-HG
FBMKLCI-HH
FBMKLCI-HI
FBMKLCI-HK
FBMKLCI-HL
FBMKLCI-HM
FBMKLCI-HN
FBMKLCI-HO
FBMKLCI-HP
FBMKLCI-HQ
FBMKLCI-HR
FBMKLCI-HS
FBMKLCI-HT
FBMKLCI-HU
FBMKLCI-HV
FBMKLCI-HW
FBMKLCI-HX
FBMKLCI-HY
FBMKLCI-HZ
FITTERS-WB
FLONIC-WA
FSBM-WA
GADANG-WA
GAMUDA-C18
GBGAQRS-WA
GCB-WA
GENP-WA
GENTINGC22
GENTINGC23
GENTING-WA
GOB-WA
GPA-WA
GTRONIC-CF
GUOCO-CA
HAPSENG-CK
HAPSENG-CN
HAPSENG-WA
HARTA-CO
HARVEST-WA
HEVEA-WB
HIAPTEK-WA
HLIND-CB
HOHUP-WA
HOVID-WB
HSI-C10
HSI-C11
HUBLINE-WA
IFCAMSC-WA
INARI-CE
INARI-CH
INARI-WA
INARI-WB
INSAS-WB
INSTACO-WC
IOIPG-CI
IOIPG-CJ
IRETEX-WA
IRIS-WB
CLOSE
(RM)
0.040
0.035
0.020
0.015
0.010
0.040
0.090
0.130
0.070
0.090
0.005
0.020
0.035
0.160
0.315
0.095
0.015
0.105
0.100
0.100
0.110
0.030
0.130
0.265
0.085
0.110
0.080
0.115
0.105
0.200
0.185
0.120
0.015
0.045
0.165
0.115
0.340
0.020
0.080
0.015
0.025
0.145
0.055
0.210
0.375
0.060
0.150
0.290
0.180
0.070
0.355
0.275
0.075
0.170
0.135
0.565
0.100
0.050
0.105
0.140
0.180
0.220
0.060
0.660
0.005
0.005
0.050
0.025
0.050
0.020
0.020
0.015
0.025
0.225
0.515
0.895
1.110
1.410
0.450
1.070
1.420
0.500
0.860
0.630
0.420
0.440
0.605
0.515
1.200
0.950
0.700
0.430
0.500
0.510
0.830
0.630
0.485
0.110
0.015
0.080
0.135
0.030
0.145
0.025
1.810
0.020
0.035
0.615
0.125
0.025
0.090
0.010
0.240
0.185
3.720
0.140
0.060
0.695
0.040
0.005
0.400
0.245
0.515
0.305
0.005
0.445
0.190
0.075
2.820
1.190
0.170
0.030
0.035
0.065
0.055
0.060
+/(RM)
VOL PARENT
EXE
(000)
PRICE PRICE
Unch
94.9
-0.005
14.5
Unch
847.1
Unch
6.7
-0.005
87
-0.010
87.5
-0.020
30
-0.020
10
0.015
15
-0.005
25
-0.005
500
Unch
492
Unch
70
0.010
23.7
-0.005
329.2
-0.010
1854.3
Unch
200
Unch
250
0.015
210.1
0.025
2178.7
0.005
802.5
Unch
100
-0.010
347.6
-0.005
0.6
-0.015
30
Unch
56.9
-0.015
1741
-0.005
2400.1
0.020
10
Unch
106.1
-0.005
186.2
-0.005
3483.1
0.005
200
-0.005
185
Unch
2796.4
-0.035
16.8
-0.040
405.2
Unch
70
Unch
7534.6
-0.005
1445.1
Unch
2224.2
0.025
1920
0.005
1000
0.005
101
0.005
288.4
0.005
400
0.005
600
Unch
2514.9
-0.020
5
0.010
48.5
0.005
256
0.005
96
Unch
399.7
0.015
15
-0.045
8572.9
-0.045
40
-0.020
3975.1
0.005 15761.6
-0.015 19000.4
0.010
125
Unch
2391.5
0.010 27055.6
Unch 12439.1
-0.075 44127.9
-0.005
505.2
-0.005
662
-0.010
4025.6
Unch
395
-0.025
1157.2
Unch
253
-0.005
888.2
Unch
790
Unch
2034
-0.050 10480.4
0.035
45227
0.060 11188.8
0.100
50
0.200
375.5
0.040 56800.1
-0.040
4
0.100
2
0.060 131842.9
-0.020
110
0.075
2160.5
0.005
198
0.040
966.2
0.040
959.8
0.055
1890.8
-0.050
10
0.085
8073.8
0.080
5559
Unch
341.4
0.065 58162.8
0.050 30562.5
0.050 10172.2
0.055
3645.4
0.015 14315.5
-0.005
40.8
Unch
29.8
0.020
865.6
-0.025
803
0.005
100
0.005
146
0.010
74
0.190
37.4
Unch
301.9
0.010 59255.4
0.020
2179.5
-0.010
230
-0.005
402.5
Unch
1040
Unch
30
-0.010
100
Unch
10
Unch
18.1
0.005
10
Unch
2.3
Unch
3293.3
Unch
54.9
Unch
1
-0.020
24.4
-0.005
2150.7
-0.045
20
-0.160
653
Unch
2350
-0.005
1451.1
Unch
300
Unch
1239
0.020
27
0.030
628.8
Unch
467
Unch
21.4
Unch
200
-0.005
300
0.005
457
-0.005
832.6
0.160
2.720
0.900
4.350
4.680
0.220
0.160
473.02
473.02
473.02
0.840
0.055
0.075
0.550
3.990
0.205
0.360
0.360
0.365
0.210
0.210
0.265
0.420
1.770
0.225
0.225
4.840
4.880
4.880
1.890
0.680
0.225
0.070
0.130
0.580
1.540
1.540
0.070
1.090
1.090
1.090
1.090
1.540
1.540
1.340
3.180
0.230
0.585
0.920
0.900
1.070
0.670
0.375
375.15
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
1,609
0.460
0.045
0.185
1.160
4.400
0.820
0.760
9.670
7.140
7.140
7.140
0.445
0.085
5.790
1.050
5.430
5.430
5.430
8.390
0.170
0.940
0.235
4.920
0.805
0.420
11,467
11,467
0.015
0.555
3.190
3.190
3.190
3.190
0.630
0.105
1.870
1.870
0.265
0.180
PRM
(%)
0.460 212.50
3.150
19.67
1.650
87.78
6.800
57.70
6.000
29.49
0.400 100.00
0.130
37.50
419.79
2.49
537.34
23.96
448.90
6.32
1.200
43.45
0.100 118.18
0.120 106.67
0.700
56.36
4.720
26.19
0.200
43.90
0.400
14.24
1.000 206.94
0.820 152.05
0.940 395.24
0.200
47.62
1.469 465.77
0.320
7.14
2.400
50.56
0.460 142.22
0.460 153.33
5.400
19.01
4.900
11.25
5.200
21.62
3.180
78.84
0.500
0.74
0.100
-2.22
1.150 1,564.0
0.270 142.31
0.400
-2.59
1.500
16.07
1.190
-0.65
0.540 700.00
1.250
25.69
1.250
19.08
1.450
40.37
1.000
18.35
1.800
27.60
2.600
82.47
2.080
83.21
3.900
31.13
0.180
43.48
0.680
65.81
1.350
66.30
1.000
18.89
0.830
10.75
0.610
32.09
0.700 106.67
318.54
12.10
1,740
9.81
1,720
13.91
1,800
13.10
1,708
10.55
1,700
10.00
1,750
10.73
1,700
8.19
1,650
5.65
1,720
8.37
1,640
10.13
1,800
12.06
1,780
10.68
1,730
9.58
1,720
7.20
1,660
3.78
1,848
16.14
1,808
13.90
1,800
12.32
1,750
9.53
1,680
7.20
1,720
19.62
1,600
10.55
1,680
18.20
1,840
31.87
1,800
30.51
1,800
25.16
1,880
34.48
1,735
28.51
1,740
18.82
1,680
12.23
1,788
29.44
1,808
34.28
1,850
33.76
1,800
27.86
1,780
25.53
1,720
18.69
1,660
11.86
1,688
26.33
1,658
27.94
1,700
26.78
1,750
20.51
1,700
14.57
1,650
9.41
1.000 141.30
0.050
44.44
0.300 105.41
1.000
-2.16
4.600
9.32
1.300
76.22
1.340
79.61
7.750
-1.14
8.600
23.25
8.880
26.58
7.960
20.10
0.800 107.87
0.100
47.06
6.500
18.48
1.600
54.29
3.900
-1.66
5.000
5.71
1.650
-1.10
7.480
2.50
0.250
82.35
0.250
0.53
0.690 210.64
6.850
40.44
0.600
24.22
0.180
1.19
24,800 120.31
26,200 130.87
0.200 1,267.0
0.100
-1.80
2.415
3.90
3.400
17.16
0.330
-1.25
2.000
0.00
1.000
85.71
0.130
52.38
2.200
21.39
2.000
17.73
0.800 222.64
0.150
16.67
EXPIRY
DATE
08/06/2020
30/06/2016
29/04/2016
30/06/2016
31/03/2016
13/07/2018
23/12/2024
27/11/2015
29/02/2016
29/04/2016
15/12/2015
19/04/2024
29/01/2019
13/05/2024
04/12/2023
15/06/2020
09/12/2015
22/04/2022
12/01/2019
20/12/2019
23/10/2024
29/12/2016
09/08/2016
06/11/2019
18/07/2017
07/10/2019
30/12/2015
02/11/2015
08/06/2016
18/07/2016
18/12/2015
17/09/2021
18/09/2017
24/04/2018
03/10/2016
29/07/2016
10/02/2017
03/01/2018
25/01/2016
01/10/2015
01/12/2015
19/02/2016
29/01/2016
21/07/2019
26/03/2022
30/12/2015
24/12/2018
17/07/2019
25/06/2019
17/03/2016
25/10/2017
09/06/2017
24/09/2019
29/02/2016
30/12/2015
29/02/2016
30/12/2015
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
31/01/2016
29/02/2016
30/11/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
31/01/2016
29/02/2016
29/02/2016
30/09/2015
30/11/2015
30/09/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
30/12/2015
30/12/2015
30/06/2016
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
12/10/2019
16/06/2017
16/05/2022
29/09/2015
29/01/2016
20/07/2018
16/02/2016
17/06/2019
31/03/2016
30/12/2015
18/12/2018
24/12/2019
03/06/2025
01/12/2015
13/11/2015
29/02/2016
30/08/2016
09/08/2016
29/01/2016
19/11/2019
28/02/2020
09/01/2017
17/09/2015
21/12/2018
05/06/2018
26/02/2016
26/02/2016
04/11/2019
15/02/2016
30/12/2015
01/12/2015
04/06/2018
17/02/2020
25/02/2020
22/01/2020
10/03/2016
29/01/2016
10/06/2019
20/04/2016
WARRANTS
IVORY-WA
JAG-WA
JIANKUN-WA
JOHOTIN-WA
K1-WB
KAREX-CH
KAREX-CJ
KAWAN-WA
KFM-WA
KGB-WA
KGROUP-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOSSAN-CF
KOSSAN-CI
KSL-WA
KULIM-WC
LBS-WA
LONBISC-WA
MAHSING-WB
MAHSING-WC
MALAKOF-CA
MALAKOF-CG
MALAKOF-CH
MALAKOF-CI
MALTON-WB
MASTEEL-WA
MAYBANKC10
MAYBANKC11
MAYBANKC12
MAYBANKC13
MAYBANK-C8
MBSB-WA
MENANG-WB
MEXTER-WA
MFLOUR-WB
MHB-CX
MHC-WA
MISC-CY
MITRA-WC
MITRA-WD
MKH-WB
MMCCORP-CW
MMCCORP-CY
MRCB-WA
MYEG-CG
MYEG-CH
MYEG-CJ
MYEG-CK
MYEG-CL
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
OSKPROP-WC
OSK-WC
PBBANK-C4
PBBANK-C5
PENSONI-WB
PERDANA-WA
PERWAJA-WA
PESONA-WC
PETDAG-CM
PETDAG-CO
PETGAS-CK
PETGAS-CL
PETGAS-CM
PJDEV-WC
PMETAL-CI
PMETAL-WC
PUC-WA
PUNCAK-CE
PUNCAK-CF
PUNCAK-CG
PUNCAK-WB
REACH-WA
SANICHI-WB
SANICHI-WC
SEACERA-WA
SEACERA-WB
SERSOL-WA
SIME-C2
SKPETROC10
SKPETROC12
SKPETROC15
SKPRES-WA
SMRT-WA
SONA-WA
SPSETIA-HA
STONE-WA
SUMATEC-WA
SUMATEC-WB
SUNWAY-WA
SUNZEN-WA
SUPERMX-C1
SUPERMX-C2
SUPERMX-CX
SUPERMX-CZ
SYF-WB
SYMLIFE-WB
TAKASO-WB
TAMBUN-WA
TCHONG-CS
TENAGA-C15
TENAGA-C19
TENAGA-C20
TENAGA-HA
TEOSENG-WA
TGUAN-WA
TM-C5
TM-C6
TMCLIFE-WB
TMS-WA
TNLOGIS-WC
TOPGLOV-CT
TOPGLOV-CV
TRC-WB
UEMS-C17
UMWOG-HA
UNISEM-CF
UNISEM-CJ
VIS-WA
VOIR-WA
VSOLAR-WA
WCT-CS
WCT-CU
WCT-CV
WCT-WC
WCT-WD
WINTONI-WA
WPRTS-CL
WZSATU-WA
XDL-WB
XDL-WC
XINGHE-WA
XINQUAN-WA
YFG-WA
YINSON-CJ
YKGI-WB
YTLPOWR-WB
ZELAN-WA
CLOSE
(RM)
+/(RM)
0.075
0.045
0.055
0.165
0.030
0.115
0.140
1.460
0.025
0.090
0.015
0.280
0.090
0.110
0.455
0.315
0.600
0.600
0.335
0.200
0.160
0.120
0.040
0.040
0.020
0.015
0.180
0.005
0.030
0.065
0.030
0.025
0.010
0.540
0.170
0.015
0.185
0.035
0.045
0.095
0.435
0.235
0.600
0.010
0.010
0.085
0.190
0.195
0.105
0.080
0.055
0.035
0.020
0.035
0.990
0.310
0.035
0.075
0.145
0.705
0.025
0.225
0.110
0.075
0.045
0.025
0.075
0.595
0.010
0.910
0.045
0.070
0.070
0.080
1.580
0.035
0.025
0.025
0.105
0.125
0.090
0.020
0.005
0.015
0.050
0.730
0.065
0.045
0.080
0.080
0.070
0.070
0.920
0.300
0.060
0.110
0.010
0.065
0.150
0.260
0.155
0.670
0.025
0.010
0.040
0.075
0.255
0.420
0.690
0.030
0.060
0.115
0.035
0.330
0.505
0.225
0.030
0.030
0.450
0.035
0.055
0.045
0.085
0.035
0.005
0.030
0.010
0.035
0.115
0.130
0.160
0.700
0.025
0.060
0.020
0.055
0.005
0.080
0.030
0.430
0.130
Unch
Unch
-0.010
-0.030
Unch
0.005
Unch
-0.010
0.005
-0.010
Unch
-0.080
0.005
-0.005
0.010
0.005
-0.010
Unch
0.005
Unch
Unch
Unch
-0.025
Unch
0.005
0.010
Unch
-0.005
-0.005
0.005
Unch
-0.005
0.005
0.060
Unch
-0.005
Unch
Unch
-0.005
Unch
Unch
0.230
-0.025
-0.005
-0.005
Unch
0.005
Unch
0.005
Unch
-0.005
Unch
-0.005
Unch
-0.005
-0.005
0.005
-0.005
0.005
0.005
Unch
-0.025
0.020
Unch
Unch
0.005
0.005
Unch
Unch
0.030
Unch
0.005
Unch
Unch
Unch
0.005
Unch
Unch
-0.185
0.020
Unch
0.005
-0.050
Unch
0.005
-0.030
Unch
Unch
-0.010
0.010
Unch
Unch
Unch
-0.050
Unch
Unch
-0.005
0.005
Unch
Unch
0.010
-0.050
-0.005
Unch
Unch
Unch
-0.005
Unch
Unch
0.005
-0.020
-0.005
-0.005
-0.005
0.010
-0.010
Unch
-0.005
0.085
0.005
Unch
-0.010
Unch
-0.005
Unch
Unch
Unch
-0.005
Unch
-0.005
Unch
-0.050
0.005
-0.005
0.005
0.005
-0.005
0.010
-0.010
0.020
Unch
VOL PARENT
EXE
(000)
PRICE PRICE
15
50
60
25
20
80
650
21
0.2
36.5
150
39.9
2601.5
1232.3
441
50
285.1
126.7
85
19.4
660.5
340
100
105.9
50
1360.2
113.9
1871.2
8667.2
3114.6
14637.6
1010
240
25
40.2
435
70
120
26.8
189.1
28
3945
1
8
40
1564
500
828.3
1010.2
2565
4201.8
0.1
595.3
890.5
88.8
105.4
440
90
602
2.9
610
1.5
43.5
14.2
6.1
6.6
7.1
611.6
120
334.1
142.7
350
2340
150
11
1544
100
165
23.3
7.7
128
201
200
530
400
3677.2
40
125
190
15
880
8256.9
128.7
10
2802.8
1730
1695.6
157.6
626.9
0.3
182
6
150
120
411
19268.5
40.1
63.4
5.2
50
38.9
939
575
35
13.5
18
110.2
50
6
30
500.1
179.7
1
250
200
90
238.8
207.9
347.4
770
40
18
483
110.8
3463
680.4
275
19.9
201
2487.2
1325.6
0.335
0.090
0.245
1.440
0.205
3.310
3.310
2.380
0.110
0.280
0.040
1.160
0.465
0.465
7.010
7.010
1.430
2.800
1.280
0.730
1.410
1.410
1.480
1.480
1.480
1.480
0.725
0.365
8.770
8.770
8.770
8.770
8.770
1.380
0.575
0.065
1.210
1.000
0.895
8.230
0.900
0.900
1.980
1.690
1.690
0.835
2.600
2.600
2.600
2.600
2.600
0.075
0.075
0.075
1.950
1.630
18.000
18.000
0.460
1.520
0.155
0.460
21.000
21.000
21.399
21.400
21.400
1.550
1.720
1.720
0.080
2.480
2.480
2.480
2.480
0.595
0.060
0.060
0.620
0.620
0.160
7.470
1.790
1.790
1.790
1.210
0.180
0.430
3.170
0.225
0.135
0.135
3.390
0.435
2.090
2.090
2.090
2.090
0.385
0.750
0.510
1.280
2.430
11.180
11.180
11.180
11.180
0.420
1.720
6.480
6.480
0.500
0.135
0.935
7.830
7.830
0.295
0.850
1.020
1.750
1.750
0.145
0.400
0.095
1.140
1.140
1.140
1.140
1.140
0.210
4.220
1.200
0.150
0.150
0.060
0.495
0.050
2.750
0.195
1.610
0.240
Please refer to the bursa malaysia website For the prices of Loan stocks, bonds and overseas structure warrants
0.750
0.100
0.320
2.280
0.220
3.000
3.250
0.930
0.510
0.500
0.100
1.680
0.980
1.000
5.000
7.000
0.800
2.770
1.000
1.000
1.440
2.100
1.700
2.000
2.000
1.800
1.000
0.670
9.000
8.000
9.500
10.000
9.880
1.000
1.000
0.130
2.060
1.250
1.560
8.000
0.600
1.090
1.890
2.200
2.700
2.300
2.050
2.000
2.600
2.800
3.000
0.100
0.260
0.100
1.000
1.800
19.300
19.500
0.600
0.710
1.000
0.250
18.000
20.880
20.500
21.500
24.000
1.000
3.300
1.100
0.100
2.680
2.700
2.700
1.000
0.750
0.100
0.100
1.000
1.000
0.180
8.500
2.500
2.600
2.200
0.550
0.180
0.350
2.880
0.300
0.320
0.175
2.500
0.100
2.250
2.100
2.150
2.180
0.700
1.100
0.350
0.600
3.000
13.800
13.500
13.000
13.680
1.350
1.500
6.800
7.000
0.750
0.100
1.000
4.980
6.850
0.610
1.050
2.880
2.080
2.050
0.250
0.500
0.120
1.748
1.388
1.554
1.540
1.710
0.100
4.300
0.600
0.350
0.115
0.100
1.000
0.130
3.000
0.500
1.140
0.250
PRM
(%)
146.27
61.11
53.06
69.79
21.95
2.22
12.99
0.42
386.36
110.71
187.50
68.97
130.11
138.71
3.78
15.58
-2.10
20.36
4.30
64.38
13.48
57.45
22.97
37.84
37.84
23.65
62.76
84.93
3.92
-1.37
9.90
14.88
13.45
11.59
103.48
123.08
85.54
32.00
79.33
8.75
15.00
47.22
25.76
33.14
61.54
185.63
0.77
3.17
12.12
20.00
22.58
80.00
273.33
80.00
2.05
29.45
9.17
12.17
61.96
-6.91
561.29
3.26
1.43
8.36
2.11
3.39
15.65
2.90
95.35
16.86
81.25
22.18
19.31
18.55
4.03
31.93
108.33
108.33
78.23
81.45
68.75
16.47
40.78
48.60
32.68
5.79
36.11
-8.14
-1.58
68.89
188.89
81.48
0.88
-8.05
14.55
11.00
4.31
13.64
120.78
81.33
-0.98
-0.78
26.54
24.78
25.04
21.31
56.57
321.43
27.33
7.25
12.65
73.00
0.00
42.25
2.30
10.47
116.95
34.12
358.82
26.86
29.71
103.45
46.25
63.16
54.22
29.45
37.98
38.16
60.09
9.52
15.55
8.33
150.00
16.67
100.00
113.13
170.00
17.82
171.79
-2.48
58.33
EXPIRY
DATE
26/04/2017
14/08/2019
23/12/2021
21/11/2017
11/12/2015
31/03/2016
29/02/2016
28/07/2016
19/10/2016
12/06/2019
02/07/2018
12/03/2024
15/11/2017
21/04/2020
11/12/2015
29/01/2016
19/08/2016
26/02/2016
11/06/2018
26/01/2020
16/03/2018
21/02/2020
28/04/2016
30/06/2016
19/02/2016
20/11/2015
29/06/2018
26/10/2015
02/10/2015
29/02/2016
02/11/2015
31/05/2016
13/11/2015
31/05/2016
09/07/2019
17/09/2018
09/05/2017
29/04/2016
28/07/2017
31/03/2016
04/07/2016
23/08/2020
29/12/2017
31/12/2015
30/12/2015
14/09/2018
10/09/2015
29/01/2016
09/12/2015
15/01/2016
02/11/2015
16/05/2022
21/07/2023
15/01/2024
28/08/2017
22/07/2020
30/06/2016
29/01/2016
20/01/2024
26/10/2015
28/02/2022
27/01/2020
30/10/2015
27/11/2015
30/10/2015
10/09/2015
30/06/2016
04/12/2020
31/03/2016
22/08/2019
25/12/2024
28/04/2016
30/11/2015
19/02/2016
20/07/2018
12/08/2022
13/03/2018
24/09/2019
16/05/2017
29/05/2019
18/04/2023
29/02/2016
22/10/2015
31/03/2016
30/08/2016
27/06/2017
01/08/2017
30/07/2018
30/11/2015
21/06/2020
03/03/2021
13/11/2018
17/08/2016
14/04/2019
01/12/2015
11/03/2016
30/09/2015
29/01/2016
11/11/2019
11/11/2020
02/09/2016
30/05/2017
11/03/2016
31/12/2015
08/06/2016
29/01/2016
29/01/2016
29/01/2020
09/10/2019
09/10/2015
29/04/2016
21/06/2019
16/01/2017
26/12/2018
29/01/2016
15/04/2016
14/07/2016
26/02/2016
30/11/2015
29/01/2016
29/07/2016
01/09/2016
31/03/2024
01/12/2017
15/12/2015
29/02/2016
15/01/2016
10/03/2016
11/12/2017
23/02/2019
30/12/2015
28/10/2024
22/01/2017
02/07/2018
22/03/2019
24/06/2019
25/03/2016
01/12/2015
28/05/2020
11/06/2018
25/01/2019
Markets 3 7
GLOBAL ROUNDUP
Singapore
Hong Kong
15 most active counters
FT Straits Times
STOCK
Index points
3600
3300
3000
2,882.77
2700
2,774.06
-38.67
(-1.32%)
2400
Mar 1, 2010
Sept 1, 2015
VOL (MIL)
EZRA HOLDINGS
CHINA FISHERY GROUP
CHINESE GLOBAL INVEST
PACIFIC ANDES RESOUR
GREAT GROUP
INTL HEALTHWAY
NOBLE GROUP
HPH TRUST USD
CHINA SPORTS INTL
LOYZ ENERGY
STRATECH GROUP
MDR
FORELAND FABRICTECH
HU AN CABLE
SINGAPORE TELECOMM
Singapore stocks finished in the red yesterday, Top gainers

amid broad declines in other Asian bourses. STOCK
Mainland Chinese markets led the slide, SINOCLOUD GROUP
after Chinas official manufacturing Purchas- LH GROUP
GLOBAL INVEST
ing Managers Index (PMI) came in at 49.7 CHINESE
ANNICA HOLDINGS
for August, down from 50 for July.
SERRANO
The reading, which indicated contrac- JASON
tion, was also the lowest in three years. CHINA INTL
EQUATION SUMMIT
Meanwhile, Chinas services PMI came in SINCAP GROUP
at 53.4 for August, still signalling expansion. FORELAND FABRICTECH
CHINA ESSENCE GROUP
However, it fell from 53.9 for July.
The Nikkei 225 Index tumbled 3.8%, while P99
ALBEDO
the Hang Seng Index slipped 2.2%. Mean- CHINA BEARING SINGAPORE
while, the Shanghai and Shenzhen Composite EUROSPORTS GLOBAL
Indices slumped 1.2% and 4.6% respectively. Top losers
The Straits Times Index ended the day STOCK
1.32% lower at 2,882.77points, after trad- ISR CAPITAL
ing between 2,878.11 and 2,930.19. Market NEXT-GEN SATELLITE
breadth was negative. Excluding warrants, LERENO BIO-CHEM
INTL
decliners outnumbered gainers 301 to 130. PHARMESIS
WE HOLDINGS
A total of 1.8 billion shares worth S$1.11 bil- INNOPAC HOLDINGS
lion changed hands, giving an average of 62 KS ENERGY
MENCAST HOLDINGS
cents a share for the entire market.
RESOURCES
Ezra Holdings, China Fishery Group, MANHATTAN
MDR
Chinese Global Investors Group, Pacific MS HOLDINGS
Andes Resources Development and Great MUN SIONG ENGINEER
HOLDINGS
Group Holdings were among the most ac- EASTERN
RAMBA ENERGY
tively traded counters.
CHINA DAIRY GROUP
China
0.128
0.081
0.038
0.027
0.021
0.315
0.520
0.525
0.013
0.048
0.059
0.005
0.019
0.013
3.710
CLOSE (S$)
0.003
0.003
0.038
0.004
0.110
0.112
0.500
0.006
0.054
0.019
0.013
0.079
0.009
0.028
0.200
CLOSE (S$)
0.005
0.002
0.102
0.280
0.004
0.004
0.250
0.205
0.158
0.005
0.112
0.060
0.260
0.205
0.090
+/ (%)
-1.54
2.53
35.71
3.85
UNCH
1.61
-4.59
UNCH
8.33
4.35
UNCH
-16.67
18.75
8.33
-0.80
+/ (%)
50.00
50.00
35.71
33.33
29.41
25.84
20.48
20.00
20.00
18.75
18.18
12.86
12.50
12.00
11.11
+/ (%)
-37.50
-33.33
-32.00
-20.00
-20.00
-20.00
-18.03
-18.00
-17.28
-16.67
-15.79
-14.29
-13.33
-12.77
-11.76
Australia
Shanghai Composite
3,166.62
25625
22350
21,185.43
19075
21,056.93
6290
Mar 1, 2010
3,087.842
Mar 1, 2010
3800
Sept 1, 2015
Chinese stocks got September off to a rocky

ride yesterday, with main indexes tumbling
5% at one point as weak manufacturing data
laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy.
At the end of the session, the markets had
managed a recovery of sorts, as rebounds in
blue-chips partly offset slides in small-caps.
The blue-chip CSI300 index fell 0.1%,
to 3,362.08, while the Shanghai Composite
Index lost 1.23%, to 3,166.62 points.
But small caps posted heavy losses. Shenzhens growth board ChiNext dived 6% and
the CSI500 index of small companies tumbled 6.3%.
Investors largely ignored fresh stimulus measures unveiled by the government,
including further relaxation in property
investment rules, and policies to support
mergers and acquisitions and share buybacks by listed companies.
The minimum downpayment level for
those buying their second homes and funding their purchases with their housing provident funds will be lowered to 20% from 30%
in most cities, the Ministry of Housing and
Urban-Rural Development said.
The change, effective Sept 1, applies to
all cities except Beijing, Shanghai, Shenzhen
and Guangzhou, and only covers buyers
with no outstanding mortgages.
5,096.410
Mar 1, 2010
-110.566
(-2.12%)
Australian shares tumbled to their lowest

close in a week yesterday after fresh data
showed Chinas manufacturing activity
contracted in August, reinforcing worries
about the health of Australias biggest export market.
Chinas official manufacturing Purchasing Managers Index fell to 49.7, in line with
forecasts, from 50 in July, cooling at its fastest
pace in three years.
The widely expected Reserve Bank of
Australias decision not to cut interest rates
also contributed to the downbeat mood.
A private survey showed the factory sector
shrank at its fastest pace in almost 6-years
in August, although that was a bit stronger
than a preliminary reading.
It wasnt a positive for the market, despite the fact that the private survey came
in slightly better than expectations. I would
have expected to see some support, said
Michael McCarthy, chief market strategist
at CMC Markets.
The S&P/ASX 200 index fell 2.1% or 110.6
points to 5,096.41 at the close of trade, its
lowest finish since Aug 24. The benchmark
has fallen 10% since the start of August.
Sentiment yesterday was dented by weak
US futures trading, down about 1.9%.
Ongoing weakness were seeing in futures is a big concern, McCarthy said.
CLOSE (HK$)
+/ (%)
0.038
0.094
0.017
3.440
5.340
0.102
0.196
4.500
0.470
0.228
0.050
1.160
3.070
0.042
0.120
5.56
-12.96
-10.53
-2.82
-2.02
-0.97
3.16
-1.75
-6.00
5.07
-1.96
-5.69
-1.92
-2.33
3.45
CLOSE (HK$)
+/ (%)
3.540
6.500
0.700
0.365
0.760
5.790
0.375
0.335
14.720
0.400
2.150
1.350
0.650
0.275
0.330
68.57
18.18
16.67
14.06
13.43
12.43
11.94
11.67
11.18
11.11
10.82
10.66
10.17
10.00
10.00
CLOSE (HK$)
0.500
0.700
2.140
0.305
1.130
0.280
2.170
0.169
1.800
5.650
0.330
0.094
4.410
3.300
0.590
+/ (%)
-34.21
-18.60
-18.32
-16.44
-16.30
-15.15
-14.57
-14.21
-13.46
-13.34
-13.16
-12.96
-12.67
-12.00
-11.94
Dow Jones
3,269.63
-16.96
(-0.52%)
Index points
18580
16310
2930
14040
2445
11770
10,403.79
16,528.03
-114.98
(-0.69%)
2,772.70
1960
Sept 1, 2015
886.13
792.86
682.64
420.39
325.05
301.44
292.28
272.06
193.73
191.00
163.12
152.38
143.24
138.04
134.37
United States
Index points
3415
4,686.53
Sept 1, 2015
VOL (MIL)
NGAI SHUN HOLDINGS

NORTH MINING SHARES
CCT LAND HOLDINGS
BANK OF CHINA
CHINA CONSTRUCTION BANK
CHINA MOBILE GAMES
IMPERIAL PACIFIC INTL
INDUS & COMM BANK
CONVOY FINANCIAL
CHINA STRATEGIC
PING SHAN TEA GROUP
GOME ELECTRICAL APPLI
AGRI BANK OF CHINA
WINTO GROUP HOLDINGS
FINSOFT FINANCIAL INVEST
Hong Kong shares fell in sympathy with re- Top gainers

gional markets yesterday, as weak Chinese STOCK
manufacturing data stoked fresh worries NEWTREE GROUP
about a hard landing for the worlds sec- EDS WELLNESS
HUIYIN SMART COMMU
ond-largest economy.
CL GROUP
The Hang Seng index fell 2.2%, to HERITAGE INTL
21,185.43, while the China Enterprises In- KATE CHINA HOLDINGS
SRE GROUP
dex lost 3.0%, to 9,454.11 points.
PALADIN
Activity in Chinas manufacturing sector GOLDIN FINANCIAL
contracted at its fastest pace in three years XIWANG PROPERTY
in August, an official survey showed yester- CHINA METAL RESOURCES
LEE HOLDINGS
day, reinforcing fears of a sharper slowdown YAU
KONG SHUM UNION PROP
in the worlds second-largest economy. A TELEEYE HOLDINGS
separate private survey on manufacturing JIANGSU NANDASOFT TECH
was equally downbeat.
Top losers
The final Caixin/Markit China Manufac- STOCK
turing Purchasing Managers Index dropped CHINA SEVEN STAR
to 47.3 in August, the lowest reading since CHINA INVEST
BAOXIN AUTO GROUP
March 2009, from Julys 47.8.
INTL
The reading was slightly better than a THEME
MAJOR HOLDINGS LTD
preliminary flash reading of 47.1 in late NINGBO WANHAO
August but still marked the sixth straight CT ENVIRONMENTAL
month of contraction, as indicated by a CENERIC HOLDINGS
FEISHANG ANTHRACITE
reading below 50.
ZHEJIANG SHIBAO
Employment fell for the 22nd straight CCID CONSULTING
month while new orders shrank for a sec- NORTH MINING SHARES
ond month to 46.6, the sharpest contraction CHINA SOUTHERN AIRLINE
TSAKER CHEMICAL
since March 2014.
CHINA INVEST FUND
3900
3850
2875
-485.15
(-2.24%)
15800
Euro STOXX 50 Index
5460
1900
28900
Index points
4630
STOCK
Index points
-39.36
(-1.23%)
4825
15 most active counters
Hang Seng
Europe
ASX 200
Index points
5800
266.55
137.64
113.40
80.52
56.11
51.11
46.83
41.95
39.43
36.19
36.18
34.00
31.17
31.13
29.83
CLOSE (S$)
Mar 1, 2010
9500
Aug 31, 2015
European shares suffered their worst monthly performance in four years on Monday, as
concerns over a Chinese economic slowdown and a possible US interest rate rise
hit the regions stock markets.
The pan-European FTSEurofirst 300 index
closed down 0.2% to record a monthly loss of
9% its worst monthly performance since
August 2011. Volumes were relatively thin
as the British market was closed for a public
holiday. Germanys DAX fell 0.4% and also
posted its worst monthly performance since
August 2011. The DAX is currently some 17%
below a record high reached in April.
The Eurozones blue-chip Euro STOXX 50
index and Frances CAC both declined by 0.5%.
The Federal Reserve left open last Friday the
possibility of a September rate rise, although
several of its officials said the prolonged turmoil in financial markets might delay the first
policy tightening in nearly a decade.
Weaker Asian markets, coupled with
more volatility in Chinese stocks which
have fallen sharply this month amid signs
of an economic slowdown in China, also
weighed on European shares.
The Chinese markets remain in a sensitive
position and most market participants remain
bearish despite the positive swings experienced
within the Shanghai Composite Index late last
week, said analyst.
Mar 1, 2010
Aug 31, 2015
Wall Street ended lower on Monday and

wrapped up its worst month since 2012 after
comments from a senior Federal Reserve
official heightened fears among investors of
a potential US interest hike in September.
The Dow Jones industrial average lost
0.69% to end at 16,528.03 points and the
S&P 500 fell 0.84% to 1,972.18.The Nasdaq
Composite dropped 1.07% to 4,776.51.
Fed Vice Chairman Stanley Fischer last
Saturday said US inflation would likely
rebound as pressure from the US dollar
fades, allowing the Fed to raise interest
rates gradually.
Many analysts took Fischers comments
as a sign the Fed would raise rates in September, instead of December. That shook
investors who were already jumpy after
weeks of turbulence caused by concerns
about a stumbling Chinese economy.
What you see in the market today is
caused by Fischers comments over the
weekend. If they move in September, its
going to cast a lot of doubt about where
they will stop, said analyst.
Fischers remarks at the global central
banking conference in Jackson Hole, Wyoming suggested the Fed does not see the
recent stock market drop and concerns
about China as reasons that would keep it
from raising rates. Agencies
38 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on Aug 28, 2015)
Indonesia: High ination and interest rates coupled with a depreciating Rupiah
Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook.
COMPANY
SHARES ACQUIRED
(DISPOSED)
7-ELEVEN MALAYSIA
AEON CO. (M)
AIRASIA
(316,800)
300,000
(21,300,500)
AIRASIA
AMMB
AXIATA GROUP
AXIS REAL ESTATE INVEST TRUST
BIMB
BUMI ARMADA
BURSA MALAYSIA
CAELY
CAHYA MATA SARAWAK
CAPITAMALLS MALAYSIA TRUST
CIMB GROUP
2,000,000
1,900,000
2,979,406
662,200
439,300
1,358,100
802,300
349,800
1,025,300
2,000,000
(3,100,125)
CIMB GROUP
COASTAL CONTRACTS
DIALOG GROUP
DIGI.COM
ECO WORLD DEVELOPMENT GROUP
GAMUDA
GAMUDA
2,200,000
500,000
1,623,600
6,627,600
1,825,500
4,657,800
2,100,000
HARTALEGA
HO HUP CONSTRUCTION COMPANY
932,800
322,000
IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON
3,517,700
563,900
1,000,000
INTEGRATED LOGISCTICS
IOI CORPORATION
IOI PROPERTIES GROUP
KLCC REAL ESTATE INVEST TRUST
524,900
3,564,400
1,451,700
905,900
KOSSAN RUBBER INDUSTRIES
3,656,900
KUALA LUMPUR KEPONG

KUMPULAN EUROPLUS
KUMPULAN POWERNET
LAFARGE MALAYSIA
406,700
758,000
(200,700)
282,600
MAGNA PRIMA
13,000,000
MAH SING GROUP

MALAYSIA AIRPORTS
MAXIS
MAXIS
2,000,000
506,700
1,459,500
3,055,000
MBM RESOURCES
MISC
MMC CORPORATION
MY E.G. SERVICES
500,000
(1,271,500)
692,300
2,995,100
ORIENTAL
(962,700)
ORIENTAL
PAVILION REAL ESTATE INVEST TRUST
PETRONAS GAS
PLENITUDE
POS MALAYSIA
PUBLIC BANK
S P SETIA
SAPURAKENCANA PETROLEUM
SPRING GALLERY
SYARIKAT TAKAFUL MALAYSIA
TELEKOM MALAYSIA
1,261,700
408,700
(304,100)
2,105,850
688,400
938,400
1,628,500
(642,400)
7,670,000
1,000,000
1,634,500
TELEKOM MALAYSIA
TENAGA NASIONAL
1,519,000
1,127,600
TENAGA NASIONAL
TIGER SYNERGY
UMW
UOA DEVELOPMENT
WAH SEONG CORPORATION
WCT
YINSON
YTL CORPORATION
YTL POWER INTERNATIONAL
(888,200)
2,500,000
478,700
1,000,000
326,800
1,800,000
655,200
4,000,000
1,162,500
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
GENESIS INVESTMENT MGMT, LLP, UK

EMPLOYEES PROVIDENT FUND BOARD
SECURITIES FUNDS MANAGED
BY SKAGEN AS, NORWAY
KOH KOK HOOI
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
OMESTI
(FORMERLY KNOWN AS FORMIS HLDGS)
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
TEE TUAN SEM
AMANAHRAYA TRUSTEES
IJM CORPORATION
LIM HONG LIANG
AMANAHRAYA TRUSTEES
DATUK WIRA RAHADIAN MAHMUD
MOHAMMAD KHALIL
AMANAHRAYA TRUSTEES
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
ABERDEEN ASSET MGMT PLC
& ITS SUBSIDIARIES, UK
FIELDS EQUITY MGMT LTD, SINGAPORE
INNOFARM S/B
AMANAHRAYA TRUSTEES
AMANAHRAYA TRUSTEES
DATO TAN WEI LIAN
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
79,276,600
104,561,400
25/8
25/8
25/8
208,228,400
506,212,937
1,244,311,555
59,757,477
164,331,701
527,361,900
40,195,994
5,777,600
79,467,327
231,553,600
733,702,766
25/8
25/8
25/8
25/8
25/8
25/8
25/8
25/8
25/8
25/8
24/8
1,506,913,222
28,142,900
589,215,244
1,097,019,740
207,109,400
246,015,905
208,518,000
24/8
25/8
25/8
25/8
25/8
24 & 25/8
24 & 25/8
63,414,700
52,027,300
24 & 25/8
25 & 26/8
768,272,200
241,980,589
62,029,049
25/8
25/8
21/8
19,537,682
589,512,359
333,517,586
105,145,500
27/8
25/8
25/8
24 - 26/8
52,851,500
147,506,538
260,108,474
50
57,688,300
19 - 21,24
& 25/8
25/8
24 - 27/8
27/8
24 - 26/8
21,400,000
27/8
217,462,261
224,166,829
538,632,100
602,069,900
25/8
25/8
25/8
24 - 26/8
57,031,391
300,977,571
170,261,900
73,308,200
25/8
(19 - 21/8
24 & 25/8
18,20 & 21/8
76,899,100
25/8
55,375,016
175,662,903
231,909,800
54,987,630
59,992,200
613,574,663
146,614,598
931,358,894
7,670,000
83,244,100
443,309,995
24 & 25/8
25/8
25/8
29/7
25/8
25/8
25/8
25/8
24/8
25/8
24 - 26/8
594,689,236
521,371,000
25/8
21/8
928,663,219
197,016,600
196,094,393
76,607,700
52,204,992
105,044,022
111,304,400
723,325,347
374,271,991
21,24 & 25/8

26/8
21 & 24/8
25/8
25/8
25/8
25/8
25/8
25/8
Palm oil - 24 hours technical outlook
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the ocial lings led
with Bursa Malaysia.
Note: * denotes Ace Market
Local events to watch out for today

RCE Capital AGM & EGM at Nexus Ballroom Dr Alice Medical Centres celebrates 15 years
1, Level 3A, Connexion@Nexus, No 7 Jalan
at Ageless Medispa by Dr Alice Prethima, No
Kerinchi, Bangsar South City, Kuala Lumpur
257 Jalan Maarof, Bangsar Park, Kuala Lumpur
at 11am.
at 10.30am.
RGB International 1st half 2015 analyst briefing The launch of Digi & iflix partnership at PLAY
at Perlis Room, Basement 2, Shangri-La Hotel,
@ The Roof, Sky Level, 1 First Avenue, Bandar
Kuala Lumpur at 11am.
Utama, Petaling Jaya, Selangor at 7pm.
Stocks closest to year low
Stocks closest to year high

STOCK
IHH
MITRA-WD
FBMKLCI-C6
FBMKLCI-CY
PETDAG
NCB
LIIHEN
FBMKLCI-C9
DIALOG-C5
HSI-HL
HSI-HO
HUATLAI
UMWOG-HA
HSI-HN
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
6.450
0.305
0.255
0.045
22.800
4.410
6.260
0.825
0.115
2.070
2.010
3.500
0.450
1.460
5.870
0.235
0.180
0.025
20.680
4.320
6.150
0.660
0.115
1.930
1.870
3.300
0.450
1.350
5.880
0.235
0.180
0.025
21.000
4.330
6.190
0.660
0.115
2.070
2.010
3.500
0.450
1.460
13514.7
3945
2391.5
2034
2479.5
348.3
219.1
44127.9
16.8
20.4
250.3
76
6
2227
This table shows stocks that are trading near their year high. This
could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
STOCK
DKSH
FBMKLCI-H2
HSI-CU
HSI-CT
OVERSEA
GCB-WA
JAVA
SEAL
UMW
ARMADA-CZ
SPSETIA-HA
HIAPTEK
D
MANULFE
TONGHER
BRIGHT-WB
HSI-C11
KWANTAS
MATRIX-WA
SUPERMX-CX
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
3.880
0.900
0.045
0.075
0.165
0.025
0.155
0.455
8.840
0.005
0.085
0.240
0.480
2.680
1.750
0.100
0.360
1.450
0.390
0.015
3.770
0.770
0.035
0.055
0.160
0.005
0.155
0.450
8.210
0.005
0.080
0.230
0.430
2.650
1.690
0.075
0.305
1.450
0.380
0.005
3.860
0.895
0.040
0.060
0.160
0.025
0.155
0.455
8.370
0.005
0.080
0.235
0.450
2.650
1.720
0.100
0.305
1.450
0.385
0.010
3.5
11188.8
1296.8
1519.4
35.6
74
10
92.6
1614.4
500
190
598.5
125.2
24
183.5
210.1
653
3.5
40.7
1695.6
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.
Foreign exchange rates

NZ
NZ $
EURO
EURO
0.563
1.775
US
SWISS
BRIT CANADA BRUNEI SPORE
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
0.835
0.894
0.894
0.896
2.6440
4.035
49.310
4.203
2.329
8,938
42.086
75.990
5.272
29.623
2.308
2.379
5.350
22.654
4.915
1.483
1.587
1.587
1.591
4.6943
7.165
87.547
7.462
4.135
15,870
74.721
134.917
9.361
52.594
4.097
4.223
9.499
40.221
8.726
7.750
1.039
STERLING
2.423
1.365
1.537
1.479
CANADA $
1.197
0.674
0.759
0.731
0.494
BRUNEI $
1.118
0.630
0.709
0.683
0.462
0.934
SINGAPORE $
1.118
0.630
0.709
0.683
0.462
0.934
1.000
AUSTRALIA $
1.116
0.628
0.708
0.681
0.460
0.932
0.998
0.998
MALAYSIA RM
0.378
0.213
0.240
0.231
0.156
0.316
0.338
0.338
24.780
13.957
15.716
15.127
10.226
20.696
22.156
2.028
1.142
1.286
1.238
0.837
1.694
1.813
100 DANISH KRONER
23.794
13.402
15.090
14.524
9.819
19.872
100 UAE DIRHAM
42.932
24.181
27.228
26.207
17.717
1000 INA RUPIAH
0.112
0.063
0.071
0.068
0.046
100 INDIA RUPEE
2.376
1.338
1.507
1.450
0.981
0.963
0.651
1.317
1.410
1.410
1.413
4.1690
6.363
77.750
6.627
3.673
14,094
66.360
119.820
8.313
46.709
3.638
3.750
8.436
35.720
0.676
1.368
1.465
1.465
1.468
4.3314
6.611
80.779
6.885
3.816
14,643
68.945
124.487
8.637
48.528
3.780
3.896
8.764
37.112
8.052
2.024
2.167
2.167
2.172
6.4069
9.779
119.486
10.184
5.644
21,660
101.982
184.138
12.775
71.782
5.592
5.764
12.964
54.894
11.910
1.071
1.071
1.073
3.1658
4.832
59.041
5.032
2.789
10,703
50.392
90.987
6.313
35.469
2.763
2.848
6.406
27.125
5.885
1.000
1.002
2.9572
4.513
55.151
4.701
2.605
9,997
47.071
84.992
5.897
33.132
2.581
2.660
5.984
25.337
5.497
1.002
2.9572
4.513
55.151
4.701
2.605
9,997
47.071
84.992
5.897
33.132
2.581
2.660
5.984
25.337
5.497
2.9500
4.503
55.016
4.689
2.599
9,973
46.957
84.785
5.882
33.051
2.575
2.654
5.969
25.276
5.484
0.339
1.0000
1.526
18.650
1.590
0.881
3,381
15.917
28.741
1.994
11.204
0.873
0.900
2.023
8.568
1.859
22.156
22.210
65.5190
1,222
104.146
57.719
1,883
130.646
734.065
57.182
58.940
132.576
561.368
121.792
1.813
1.818
5.3620
8.184
8.523
4.724
18,127
85.350
154.108
10.692
60.076
4.680
4.824
10.850
45.942
9.967
21.274
21.274
21.326
62.9110
96.02
55.422
212,681
1,001.38
1,808
125.45
704.85
54.91
56.59
127.30
539.02
116.94
35.856
38.385
38.385
38.479 113.5132
173.25
2,117
180.43
1,807
3,262
226.35
1,272
99.07
102.12
229.69
972.58
211.01
0.093
0.100
0.100
0.100
0.2958
0.451
5.517
0.470
0.261
4.708
8.501
0.590
3.314
0.258
0.266
0.599
2.534
0.550
1.984
2.124
2.124
2.130
6.2824
9.589
117.164
9.986
5.535
180.560
12.527
70.387
5.483
5.652
12.712
53.828
11.678
1,173
221,498 1,042.898
383,750
21,239
1.316
0.741
0.835
0.803
0.543
1.099
1.177
1.177
1.179
3.4794
5.311
64.889
5.531
3.065
11,763
55.383
18.967
10.683
12.029
11.578
7.827
15.841
16.959
16.959
17.000
50.1500
76.543
935
79.716
44.180
169,540
798.262
1,441
6.938
3.026
38.983
3.037
3.130
7.040
29.812
6.468
561.873
43.768
45.115
101.477
429.686
93.223
3.376
1.901
2.141
2.061
1.393
2.819
3.018
3.018
8.9255
13.623
166.457
14.188
7.863
30,174
142.072
256.524
17.798
100 QATAR RIYAL
43.336
24.408
27.484
26.453
17.884
36.193
38.746
38.746
38.841 114.5802
174.881
2,137
182.131
100.940
387,357
1,824
3,293
228.475
100 SAUDI RIYAL
42.043
23.680
26.664
25.664
17.350
35.113
37.590
37.590
37.682 111.1615
169.663
2,073
176.696
97.928
375,800
1,769
3,195
221.658
1,245
97.016
100 SWEDISH KRONOR
18.691
10.528
11.854
11.410
7.714
15.611
16.712
16.712
16.753
49.4200
75.429
921.663
78.555
43.537
167,072
786.642
1,420
98.544
553.694
43.131
44.458
4.414
2.486
2.800
2.695
1.822
3.687
3.947
3.947
3.956
11.6713
17.814
217.665
18.552
10.282
39,457
185.778
335.440
23.273
130.764
10.186
10.499
23.617
20.346
11.460
12.904
12.420
8.397
16.993
18.191
18.191
18.236
53.7956
82.107 1,003.267
85.511
47.392
181,865
856.291
1,546
107.269
602.718
46.950
48.394
108.854
100 HK$
HK
0.733
0.888
100 THAI BAHT
THAI
0.413
0.923
100 PHILIPPINE PESO
DENMK
1.084
1.577
100 NORWEGIAN KRONER
BANGLH
0.610
1.638
100 JAPAN YEN
CHINA
1.126
US $
100 CHINESE RMB
MSIA
0.634
SWISS FR
100 BANGLADH TAKA
AUST
7.790
1,284
8.029
18.061
76.474
16.591
103.075
231.850
981.726
212.992
952.435
206.637
423.432
91.866
224.932
21.696
460.922
Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
Markets 3 9
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Long Rolls - KLCI futures
FKLI
Index points
1980
Open Interest
1,556.50 90000
(-21.50)
Index points
-19.50
18.00
(+13.50)
EURO
Klibor
Euro/USD
Implied interest rate (%)
1.58
1.1265
4.5
3.81
(Unch)
(+0.0054)
1790
68000
4.75
1.44
1600
46000
-8.50
1.30
1410
24000
-21.75
1.16
3.5
2000
1220
Jan 4, 2010
Sept 1, 2015
2.5
-35.00
1.02
Jan 4, 2010
KLCI futures close lower

tracking the cash market
Sept 1, 2015
FBM KLCI futures

INDEX AND FUTURES
CONTRACT
SETTLEMENT
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contracts on Bursa FBMKLCI 1,609.21 -3.53 217.5M
1,556.50 -21.50
19,762 64,095
4,902
Malaysia Derivatives closed lower yesterday, SEP-15
OCT-15
1,537.00 -41.00
240
240
0
tracking the easier cash market.
DEC-15
1,508.00 -29.00
123
371
18
Spot month September 2015 fell 34.5 MAR-15
1,501.50 -15.00
7
37
0
points to 1,578. March 2016 added 0.5 of a TOTAL
20,132 64,743
4,920
point to 1,516.5. October 2015 and DecemBID
OFFER
CLOSE
ber 2015 were unchanged at 1,578 and 1,537 FUTURES ROLL OVER
SEP/OCT
-18.5
-20.0
-19.5
respectively.
Turnover fell to 20,132 lots from 22,325 FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
lots on last Friday while open interest nar- CONTRACT
30
4.36
9.23
-2.46
rowed to 64,743 contracts from 86,740 con- SEP-15
OCT-15
60
8.86
13.29
-2.76
tracts previously. The benchmark FBM KLCI ROLLS FAIR
-0.30
finished 3.53 points easier at 1,609.21.
All Southeast Asian stock markets ended
weaker yesterday, led by Indonesia after surveys showed Chinas manufacturing sector
was in the grip of its worst slump in several
The Jakarta Composite Index fell 2.2% to
years, raising fresh fears about the health of its lowest close since Aug 26 with financials
the countrys economy.
leading the fall. Agencies
Commodities
CPO vs Soyoil
Open Interest
4200
200000
3450
1950
2,006
Jan 6, 2008
1.5
Oct 1, 2000
Yen, euro buoyed by

risk aversion
Klibor
The safe-haven yen and the low-yielding

euro rose yesterday on concerns about Chinas economy, as investors unwound bets
against the two currencies widely used to
fund positions in riskier assets.
Speculators and investors have sold
low-yielding currencies to buy higher-yielding ones and shares for better returns, so a
worsening outlook for stock markets and
the global economy tends to reverse that
process.
Surveys of Chinas manufacturing and
services reinforced worries about a sharper economic slowdown with Japans Nikkei
ending nearly 4% lower and European stocks
all trading in the red.
The US dollar fell 0.6% to 120.50 yen,
having retreated from a peak of 121.76 yen
set late last week. Reuters
OCT5
NOV5
DEC5
MAR6
JUN6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
JAN-00
TOTAL
Sept 1, 2015
MONTH
(+15)
Crude Oil
Gold
CPO RM/ton
Soyoil US$/Ibs
US$/bbl
US$/troy oz
6400
2,578 0.7300
155.0
(RM0.2808/ton)
SETTLEMENT
PRICE
CHANGE
96.22
96.22
96.19
96.16
96.13
96.11
96.08
96.08
96.03
95.99
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
VOLUME
OPEN
INTEREST
500
120
620
1980
47.94
(-1.26)
5100
0.5475
122.5
105000
3800
0.3650
90.0
1340
57500
2500
0.1825
57.5
1020
0.0000
25.0
700
152500
2700
1200
Sept 1, 2015
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest

CPO RM/ton
Jan 2, 2006
Sept 1, 2015
Palm oil up for third day,

tracks external markets
(+15)
1200
Jan 6, 2008
Sept 1, 2015
CPO futures
CONTRACT
SEP-15
OCT-15
NOV-15
DEC-15
JAN-16
LAST
1,945
1,976
2,013
2,053
2,097
CHANGE
17
24
22
21
19
VOLUME
12
2,120
30,525
11,808
8,488
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,676
20,511
89,781
38,136
40,344
1,141.40
(+9.40)
2,006
10000
1660
-8
-2,862
-2,250
-627
-24
Malaysian palm oil futures rose for a third

day in strong trading yesterday after a jump
in crude oil prices overnight and gains in
CPO/SOYOIL
competing vegetable oil markets, while re- CPO FUTURES
FUTURES BASIS (USD)
cent data showing weaker exports and a INDICATIVE ROLL-OVER CURRENT
-57.12
SEP/OCT
-31
stronger ringgit had little impact.
3 MONTHS AVERAGE
-69.45
SEP/NOV
-68
The benchmark November palm oil con- SEP/DEC
6 MONTHS AVERAGE
-67.91
-108
tract on the Bursa Malaysia Derivatives ex- OCT/NOV
-37
change was up 1.1% at RM2,009 after trading SGS & ITS EXPORT ESTIMATES (TONNES)
JUN2015
JUL2015
AUG2015
in a range between RM1,973 and RM2,019. SHIPMENT DAYS
473/469
309/320
486/499
Total traded volume yesterday was high, 1 - 10TH DAYS
783/780
665/666
730/716
at 23,272 lots of 25 tonnes each, compared 1- 15TH DAYS
1 - 20TH DAYS
1,082/1,074
908/908
991/992
with the usual 13,500 lots by midday.
1 - 25TH DAYS
1,393/1,400
1,179/1,149 1,285/1,276
Palm oil is up purely on the back of ex- FULL MONTH
1,696/1,649
1,540/1,544
/
ternal market factors, a trader with a foreign MALAYSIAN PALM OIL BOARD
JAN15
FEB15
MAC15
APR15
commodities brokerage in Malaysia told
1,161
1,122
1,495
1,693
Reuters, referring to the 8% gains in crude PRODUCTION
1,184
972
1,182
1,175
oil prices overnight and increases in the EXPORT
STOCKS
1,770
1,743
1,866
2,194
vegetable oil contracts on Chinas Dalian
MPOB Palm oil physical
Commodity Exchange.
AUG2015
SEP2015
OCT2015
Its pretty strong, the trader said, add- (IN RM/TON)
DELD
1,905
1,920
1,910
ing that Tuesdays more than 1% rise in the CPO
PK EX-MILL
1,260
1,270
1,275
Malaysian ringgit, which benchmark palm CPKO DELD
2,802
2,807
2,811
is priced in, was having no impact on palm RBD P.OIL FOB
2,101
2,109
2,122
oil prices. I think it has no bearing, the RBD P.OLEIN FOB
2,151
2,151
2,171
1,735
1,747
1,747
trader said, adding that recent export data RBD P.STEARIN FOB
was also having little or no impact.
MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
The currency was up 1.002% at 4.15 per US REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
dollar, stretching its gaining streak into a third NORTH
20.00% 372
19.00% 355
18.00% 337
session. The ringgit has been Emerging Asias SOUTH
20.00% 388
19.00% 370
18.00% 351
20.00% 384
19.00% 366
18.00% 347
worst performing currency, losing nearly 17% CENTRAL
so far this year, on weakness in global curren- EAST COAST 20.00% 375 19.00% 357 18.00% 340
22.00% 363
21.00% 347
20.00% 331
cies and domestic political woes. Reuters SABAH
SARAWAK
22.00% 369
21.00% 352
20.00% 336
Apr 10, 2007
Sept 1, 2015
Oil price falls 3% on weak

China factory data
Oil prices fell more than 3% yesterday after
official data showed Chinas giant manufacturing sector, the engine powering the
worlds biggest energy consumer, contracted
at the fastest pace in three years.
Chinas official Purchasing Managers
Index fell to 49.7 in August from 50 in July,
reinforcing concerns over the worlds second-largest economy. The figures helped
spur a retreat in oil prices after three days
of hefty gains. Investors took profits after
Brent and US crude both soared more than
8% on Monday, traders said.
It was primarily the China fear factor,
Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global
Oil Forum.
Benchmark Brent crude oil dropped
US$2.13 to a low of US$52.02 a barrel, and
was trading around US$52.15. Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,006
519.00
361.00
891.25
485.00
142.20
3,121
124.10
11.73
62.90
15
-14.50
-2.75
-6.25
2.50
-1.00
22
-0.20
-0.04
-0.10
US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON
KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF
14,230
2.32
1,141.40
1,010.60
591.35
14.56
11,825
14,680
180
-0.02
9.40
0.10
-10.90
-0.02
-120
-50
LIGHT CRUDE OIL

US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON
NYMEX
NYMEX
NYMEX
ICE
ICE
CRUDE PALM OIL

RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
METAL & PRECIOUS METALS

TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
47.94
-1.26
1.6724 -0.0460
2.767
0.006
52.91
-1.24
501.25
15.50
Sen/Kg
1100
1700
900
1325
414.00
950
(-1.50)
500
519.00
(-14.50)
575
300
Jan 7, 2007
LAST PRICE CHANGE
Rubber - Msia SMR 20
Sen/Kg
700
Sept 1, 2015
200
Sept 1, 2015
Jan 7, 2007
Sept 1, 2015
Markets
40
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 9
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8
G L O BA L M A R K E T S PA G E 3 7
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 3 3
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]
KLCI 1,609.21
3.53 FBM ACE
4,937.35
FTSTI
9.73
2,882.77
38.67 NIKKEI 18,165.69
724.79 HANG SENG
A yawn is a silent shout.

G. K. Chesterton
STOCK
Index point
KL Composite Index
1,609.21
(-3.53)
1,556.50
KLCI futures
8:45 9:30
10:30
11:30
12:45
(-21.50)
14:30
15:30
16:30 17:15
Daily FBM KLCI

Moving average - 20-day
KL Composite Index
1950.0
GENTINGC23
FBMKLCI-C9
IDMENSN
THHEAVY
MAYBANKC12
FBMKLCI-HZ
FBMKLCI-HS
CME
INSTACO
YINSON
DESTINI-WA
PETDAG
HSI-HN
PADINI
MCT
KBES
(-3.53)
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
59,255
44,128
37,505
17,379
14,638
14,316
8,074
6,161
5,363
3,756
2,796
2,480
2,227
2,216
2,214
1,017
40.00
-10.20
16.00
9.68
0.00
3.19
9.83
0.00
0.00
1.85
0.00
-0.76
8.15
0.73
0.00
0.00
0.010
-0.075
0.020
0.015
0.000
0.015
0.085
0.000
0.000
0.050
0.000
-0.160
0.110
0.010
0.000
0.000
0.035
0.660
0.145
0.170
0.030
0.485
0.950
0.065
0.105
2.750
0.165
21.000
1.460
1.380
1.130
0.330
0.035
0.825
0.150
0.190
0.050
0.490
0.950
0.075
0.105
2.800
0.190
22.800
1.460
1.410
1.160
0.335
0.030
0.660
0.125
0.160
0.030
0.360
0.755
0.065
0.100
2.630
0.160
20.680
1.350
1.380
1.130
0.330
1667.5
1,616.64
KLCI falls on China manufacturing slump, ringgit strengthens
1385.0
1102.5
820.0
Jan 2, 2008
Sept 1, 2015
900
600
300
Volume (mil)
FBM KLCI futures

CONTRACT
SETTLEMENT
CHANGE
HIGH
LOW
SEP-15
OCT-15
DEC-15
1,556.50
1,537.00
1,508.00
-21.50
-41.00
-29.00
1,619.50
1,600.00
1,581.00
1,554.00
1,536.50
1,508.00
KLCI
POINTS
CHANGE
(RM)
CLOSE
(RM)
VOLUME
('000)
1.84
0.98
0.71
0.50
0.42
0.27
-0.26
-0.27
-0.36
-0.44
-0.48
-0.57
-0.66
-0.76
-1.97
-2.30
-3.35
-0.18
-3.53
0.290
0.130
0.070
0.050
0.030
0.080
-0.130
-0.160
-0.180
-0.030
-0.110
-1.180
-0.060
-0.420
-0.150
-0.160
7.140
8.230
1.790
4.010
5.880
21.400
8.370
21.000
15.160
6.110
6.370
61.000
3.940
20.400
5.080
4.840
5752.4
7631.3
41297.2
6790.2
13514.7
2450.5
1614.4
2479.5
753.3
13533.6
895.2
481.5
11225.7
872.3
19488.9
10758.2
FBM KLCI sensitivity*

GENTING
MISC
SAPURA-KENCANA
GENTING MALAYSIA
IHH HEALTHCARE
PETRONAS GAS
UMW HOLDINGS
PETRONAS DAGANG
PPB GROUP
AXIATA GROUP
RHB CAPITAL
BRITISH AME TOBACCO
IOI CORPORATION
K.LUMPUR KEPONG
DIGI.COM
CIMB GROUP
SUB-TOTAL
OTHERS
GRAND TOTAL
* How stock price changes affected the index on the previous trading day
16,528.03
114.98
Daily top 20 active stocks
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
traded for a particular counter on the previous trading day is more than triple the average volume for the
last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters.
1,609.21
DOW JONES
485.15
Market movers
UNUSUAL MARKET ACTIVITIES
FBM KLCI & KLCI futures intraday

1655.0
1644.7
1634.4
1624.1
1613.8
1603.5
1593.2
1582.9
1572.6
1562.3
1552.0
21,185.43
FBMKLCI-HK
GENTINGC23
FBMKLCI-HV
FBMKLCI-HG
AIRASIA
KNM
SUMATEC
FBMKLCI-H1
FBMKLCI-C9
SKPETRO
IDMENSN
FBMKLCI-HW
TIGER
FBMKLCI-C7
TMS
PERISAI
APFT
NEXGRAM
MTRONIC
FRONTKN
TURNOVER
(000)
CHANGE
(RM)
CHANGE
(%)
PRICE
(RM)
PE
RATIO
DIVIDEND
YIELD (%)
131,842.9
59,255.4
58,162.8
56,800.1
55,692.5
55,130.4
49,374.0
45,227.0
44,127.9
41,297.2
37,505.4
30,562.5
27,925.0
27,055.6
26,197.6
23,411.8
23,019.9
22,925.1
20,371.0
20,247.1
0.060
0.010
0.065
0.040
0.030
-0.015
UNCH
0.035
-0.075
0.070
0.020
0.050
UNCH
0.010
-0.015
0.015
UNCH
0.005
UNCH
-0.005
13.64
40.00
14.94
9.76
3.45
-3.12
UNCH
7.29
-10.20
4.07
16.00
10.87
UNCH
4.76
-10.00
5.17
UNCH
7.14
UNCH
-3.23
0.500
0.035
0.500
0.450
0.900
0.465
0.135
0.515
0.660
1.790
0.145
0.510
0.090
0.220
0.135
0.305
0.220
0.075
0.070
0.150
13.41
6.99
8.70
11.84
15.22
38.89
7.45
0.00
0.00
0.00
0.00
3.45
0.00
0.00
0.00
0.00
1.17
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Top gainers and losers (ranked by RM)

UP
BKAWAN
GENTING
HSI-HL
HSI-HO
HSI-HD
MITRA-WD
FBMKLCI-HF
CARLSBG
AMWAY
GENP-WA
HUATLAI
HARTA
CLOSE
CHANGE
(RM)
17.680
7.140
2.070
2.010
1.700
0.235
1.410
11.900
10.100
1.810
3.500
8.390
0.420
0.290
0.260
0.260
0.250
0.230
0.200
0.200
0.200
0.190
0.190
0.170
0.010
0.025
0.030
0.015
0.035
0.020
0.020
0.020
0.100
0.080
100.00
66.67
50.00
50.00
40.00
33.33
33.33
33.33
33.33
33.33
DOWN
CLOSE
CHANGE
(RM)
BAT
DIN042300721
KLK
LAFMSIA
BURSA
ALLIANZ
GENP
AFG
SEACERA-WA
HSI-CX
PPB
HSI-C11
61.000
99.000
20.400
9.000
7.980
10.360
9.670
3.570
0.105
0.340
15.160
0.305
-1.180
-0.950
-0.420
-0.300
-0.260
-0.240
-0.200
-0.190
-0.185
-0.180
-0.180
-0.160
RA
FBMKLCI-CN
FBMKLCI-CO
MASTEEL-WA
ARMADA-CZ
YFG-WA
HSI-CR
MALAKOF-CA
HSI-CX
HSI-C11
0.005
0.005
0.005
0.005
0.005
0.005
0.055
0.040
0.340
0.305
-50.00
-50.00
-50.00
-50.00
-50.00
-50.00
-38.89
-38.46
-34.62
-34.41
KUALA LUMPUR: The FBM KLCI, which opened at its intraday high, fell 3.53 points or 0.2% as weaker China manufacturing data hurt Asian shares.
Malaysias KLCI settled at 1,609.21. Malaysian markets
were closed for the National Day holiday on Monday.
Yesterday, the KLCI had earlier reached its intraday high
at 1,660.22, before reaching a low at 1,603.25, giving the index a range of 56.97 points.
Across the region, Japans Nikkei 225 fell 3.84%, while Top gainers and losers (ranked by percentage)
South Koreas Kospi dropped by 1.4%. In China, the ShangUP
CHANGE
DOWN
CHANGE
hai Composite Index dipped 1.3%, while Hong Kongs Hang
CLOSE
(%)
CLOSE
(%)
Seng declined 2.24%.
MITRA-WD
0.235
4,600
SKPETROC10
0.005
-90.91
Reuters reported Asian shares fell yesterday and the US
0.015 200.00
SEACERA-WA
0.105 -63.79
dollar struggled, after twin surveys showed Chinas manu- MALAKOF-CI
MAYBANK-C8
0.010 100.00
RA
0.005 -50.00
facturing sector in the grip of its worst slump in several years, GCB-WA
0.025
66.67
FBMKLCI-CN
0.005 -50.00
raising fresh fears about the health of its economy.
USO-C3
0.030
50.00
FBMKLCI-CO
0.005 -50.00
Chinas official purchasing managers index fell to 49.7 in CSL-WA
0.015
50.00
MASTEEL-WA
0.005 -50.00
0.035
40.00
ARMADA-CZ
0.005 -50.00
August, from the previous months reading of 50, the weakest GENTINGC23
XINGHE-WA
0.020
33.33
YFG-WA
0.005 -50.00
showing in three years.
0.020
33.33
HSI-CR
0.055 -38.89
In Malaysia, Kenanga Investment Bank Bhds research SIME-C2
MALAKOF-CH
0.020
33.33
MALAKOF-CA
0.040 -38.46
head Chan Ken Yew said the share market might need further BTM-WA
0.100
33.33
HSI-CX
0.340 -34.62
catalysts to sustain a consistent uptrend. From a technical FSBM-WA
0.080
33.33
HSI-C11
0.305 -34.41
viewpoint, Chan said the KLCI was still consolidating.
Technically, the first round of sell down is probably com- Top gainers and losers - warrants (ranked by percentage)
pleted based on KLCIs performance in the past few market
UP
CHANGE
DOWN
CHANGE
days. But the market is still within consolidation, sentiment
CLOSE
(%)
CLOSE
(%)
is not excited now. by Chester Tay & Cynthia Blemin
MITRA-WD
0.235
4,600
SKPETROC10
0.005 -90.91
MALAKOF-CI
0.015 200.00
SEACERA-WA
0.105 -63.79
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
CLOSE
CHANGE
16,528.03
1,972.18
4,274.58
6,247.94
5,096.41
3,166.62
21,185.43
25,696.44
-114.98
-16.69
-54.54
55.91
-110.57
-39.36
-485.15
-586.65
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
4,412.46
18,165.69
1,914.23
7,086.86
2,882.77
8,017.56
1,362.39
562.31
-97.15
-724.79
-27.26
-11.95
-38.67
-157.36
-20.02
-2.44
MAYBANK-C8
GCB-WA
USO-C3
CSL-WA
GENTINGC23
XINGHE-WA
SIME-C2
MALAKOF-CH
BTM-WA
FSBM-WA
We thank you for your support
#isupporttheedge
#attheedge

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ddO22

WEDNESDAY, SEPTEMBER 2, 2015

(or more if you like)

WEDNESDAY, SEPTEMBER 2, 2015

(or more if you like)

WEDN ESDAY SEP TEM B ER 2 , 2 0 1 5 DI GI TA L EDGE DAI LY

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and capital inflows continue to

for Malaysia should the political

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Abdul Wahid met with the other

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the stockbroking industry.

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ed final bidders, enter detailed negotiations and execute a binding

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