Corporate Guide - Malaysia, August 2016

M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Market Outlook & Strategy
FBMKLCI
REVIEW: The FBMKLCI marginally slipped (-0.05%) in July, although interestingly foreign equity
flow experienced a turnaround to record a net buy position of RM1.0b (Jun: -RM1.8b), and quality
dividend stocks continued to rage on. The overall market sentiment remained dull, and we note the
market's muted reaction to Bank Negara Malaysia's unexpected 25bp cut in Overnight Policy Rate
(OPR) to a 2-year low of 3.0%. The equity markets reaction was predictably neutral to the US
Justice Departments probe into 1MDBs defrauders, but the ringgit weakened to above
RM4.00/US$ levels.
From 1 Aug 15 to 29 Jul 16
1,750
1,700
1,650
1,600
1,550
1,500
STRATEGY: We maintain our view that the FBMKLCI would remain in the doldrums in 3Q16 before
trending up in 4Q16 to reach our end-16 target of 1,700, based on 15.8x 2017F PE, +0.7SD above
historical mean PE. However, the market could be more volatile in 4Q16, reflecting domestic and
external risks (eg US presidential election). We remain defensive, but continue to like infrastructurerelated plays. Our top picks include large caps Gamuda, Genting Bhd and Tenaga Nasional; and
smaller caps BIMB Holdings, Hume Industries, Kim Loong Resources and VS Industry. BUY-rated
stocks with near-term event catalysts include WCT Holdings and Bumi Armada.
TOP GAINERS & LOSERS*

(RM)
Felda Global Venture
Heineken
Press Metal
AirAsia
Yinson
Mah Sing
Berjaya Sports Toto
UOA Developments
Dutch Lady Milk
Carlsberg
Jun 16
Jul 16
% chg
1.51
15.14
3.68
2.60
2.73
1.47
2.99
2.19
58.50
13.22
1.85
18.00
4.17
2.93
3.07
1.62
3.28
2.40
63.98
14.36
22.5
18.9
13.3
12.7
12.5
10.2
9.6
9.6
9.4
8.6
(RM)
Jun 16
Jul 16
% chg
Top Glove
BAT
Bintulu Port
MBSB
Genting Malaysia
AMMB
PPB Group
IJM Plantations
IJM Corp
Malaysia Airports
4.60
52.70
6.94
0.72
4.45
4.44
16.50
3.40
3.49
6.12
4.29
49.36
6.63
0.69
4.29
4.30
16.00
3.30
3.39
5.95
(6.7)
(6.3)
(4.5)
(4.2)
(3.6)
(3.2)
(3.0)
(2.9)
(2.9)
(2.8)
* Top 100 companies by market capitalization.
Refer to last page for important disclosures.
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
SECTOR RATINGS & STOCK RECOMMENDATIONS

Sector
Automobile
Aviation
Banking
Conglomerate
Construction
Consumer
Exchange
Gaming
Glove Manufacturing
Healthcare
Insurance
Manufacturing
Media
Oil & Gas - Heavy Engineering
Oil & Gas - Offshore Asset Owners
Oil & Gas - Offshore Contractors
Oil & Gas - Shipping
Plantation
Port
Property
REITs
Technology
Telecommunications
Utility
FMBKLCI
Jul/Jun 16 (% chg)
1.1
3.7
(0.2)
(1.2)
(0.1)
1.8
0.6
(0.5)
(3.2)
1.2
(1.0)
5.7
(0.3)
(2.0)
7.0
(2.7)
0.7
(1.7)
7.1
3.8
1.8
(0.8)
2.0
1.8
0.0
Weighting*
Underweight
Market Weight
Market Weight
Market Weight
Overweight
Market Weight
Market Weight
Overweight
Market Weight
Market Weight
Market Weight
Market Weight
Market Weight
Market Weight
Underweight
Market Weight
Market Weight
Market Weight
Market Weight
Market Weight
Overweight
Market Weight
Underweight
Overweight
Top Buys
BIMB, RHB Bank

Gamuda, IJM Corp,Kerjaya Prospek
Heineken
Berjaya Sports Toto, Genting Bhd
Scientex, VS Industry
Dialog
Bumi Armada
Kuala Lumpur Kepong
Sunway Bhd
IGB REIT, Sunway REIT
Tenaga Nasional
* Refers to business prospects & earnings growth of the sector for the next 12 months.
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Valuation Screens (Price/Book & Price/Earnings)

Stocks Trading 2SD Below Mean
2016
P/B (x)
Stocks Trading 1SD Below Mean

Mean
P/B (x)
-2SD
P/B (x)
MMHE
Bumi Armada
Genting Bhd
WCT Holdings
MMHE
2016
PE (x)
Mean
PE (x)
-2SD
PE (x)
CIMB Group
Astro
SP Setia
MMHE
Bumi Armada
Stocks Trading 2SD Above Mean
2016
P/B (x)
Mean
P/B (x)
-1SD
P/B (x)
0.6
0.6
0.9
0.7
0.6
2.3
1.8
1.6
1.3
2.3
1.0
0.9
1.1
0.8
1.0
2016
PE (x)
Mean
PE (x)
-1SD
PE (x)
10.3
24.4
10.4
20.3
15.5
13.5
28.6
16.4
29.1
27.7
10.6
24.6
12.3
22.4
21.3
Sunway Construction
VS Industry
SKP Resources
Syarikat Takaful
Scientex
Malaysia Airports
UMW Holdings
Scientex
Syarikat Takaful
Yinson
Stocks Trading 1SD Above Mean
2016
P/B (x)
Mean
P/B (x)
+2SD
P/B (x)
3.7
1.7
3.6
4.3
2.6
3.2
0.8
1.4
1.5
1.1
3.7
1.6
3.5
4.1
1.9
2016
PE (x)
Mean
PE (x)
+2SD
PE (x)
165.4
65.7
11.0
19.4
22.2
14.4
16.3
6.3
8.1
7.9
23.8
29.8
9.0
18.1
21.6
Kossan Rubber
Westports
Eco World
Yinson
BIMB
IJM Plantations
Hartalega
IOI Corp
Kossan Rubber
Genting Plantations
2016
P/B (x)
Mean
P/B (x)
+1SD
P/B (x)
4.5
7.5
1.3
1.4
1.7
2.5
6.2
0.5
0.8
1.2
3.6
7.1
1.0
1.2
1.7
2016
PE (x)
Mean
PE (x)
+1SD
PE (x)
26.6
25.8
28.1
17.8
28.1
18.7
15.6
21.0
12.1
19.5
25.8
24.3
25.7
16.5
26.9
Analysts Top Alpha* Picks

Analyst
Company
Rec
Upside/
(Downside)
(%)
Market
Cap
(RMm)
2016
PE
(x)
2016
P/B
(x)
2016
Yield
(%)
Kong Ho Meng
Bumi Armada
BUY
32.9
4,370.4
15.5
0.6
1.3
Crucial period of deliveries of 4 FPSO and FSU projects in 2H16, which will commence their long-term (8-18 year) contract tenures all
from 2017. We see opportunities in trading from depressed valuations reflecting fundamentals, and earnings growth from 2017
onwards, as long as BAB promises timely execution.
Vincent Khoo
Genting Bhd
BUY
26.5
30,609.6
17.6
0.9
0.5
The current depressed share price due to the mixed outcome from TauRX's Phase 3 clinical trials creates a good entry price for
GENT, which is regionally cheap. Essentially, current valuations have not imputed any option value for TauRX and subsidiary Genting
Malaysia's initial launch of the ambitious RM10b Genting Integrated Tourism Plan in 4Q16 is expected to build up share price
momentum. GENT currently trades at 9.1x 2017 EV/EBITDA.
Ridhwan Effendy
Kerjaya Prospek
BUY
11.8
1,160.7
12.9
1.5
3.3
Expect further contract wins in the near term, which could lift ytd orderbook replenishment to above RM1.3b. The stock currently
trades at an ex-cash PE of 11.1x (forecasted net cash of 36.5 sen/share) and is supported by a 3-year earnings CAGR of 105%.
Chong Lee Len
Tenaga Nasional
BUY
11.3
81,155.1
11.1
1.5
2.5
Management alluded that the board is intently working towards an optimal capital structure, which will be announced by end-16. We
also see a resolution and/or positive outcome from the RM2b tax dispute with IBR.
Fong Kah Yan
VS Industry
BUY
28.8
1,169.9
12.0
1.7
3.0
Production of box build full assembly from Dyson and new coffee brewers from Keurig in FY17 expected to drive earnings growth of
41% for FY17. The stock is trading at 10.2x 2017F fully-diluted PE and we expect more contract wins in the pipeline.
Remarks/Catalysts
* Denotes a time frame of 1 to 6 months and not UOBKHs usual 12-month investment horizon for stock recommendations.
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Sector Performance
AUTOMOBILE
------------------ PE -----------------2015
2016F
2017F
(x)
(x)
(x)
----------- EPS Growth ----------2015

2016F
2017F
(%)
(%)
(%)
17.4
29.6
23.7
(45.0)
(41.4)
24.7
Net
Margin
(%)
ROA
(%)
ROE
(%)
1.2
1.1
2.9
------- Yield ------2015

2016F
(%)
(%)
5.2
2.6
Price/
NTA ps
(x)
Net Cash
(Debt) to
Equity
(%)
Market
Cap.
(%)
1.4
(43.4)
0.9
Total
Market
Cap.
(RMm)
9,339
AVIATION
30.6
12.9
10.5
(49.4)
136.7
23.2
5.7
1.3
4.6
0.8
0.6
2.2
(111.4)
1.7
18,026
BANKING
12.4
12.4
12.0
(2.0)
(0.5)
3.4
n.a.
1.0
11.1
4.0
3.9
1.5
n.a.
27.9
288,242
CONGLOMERATE
18.6
20.2
15.9
(6.1)
(7.8)
26.9
32.5
3.1
6.2
1.6
1.2
1.0
(27.0)
2.5
25,363
CONSTRUCTION
19.5
17.4
15.5
0.1
12.0
12.8
17.0
4.8
10.8
2.7
2.4
1.5
(55.2)
2.8
29,109
CONSUMER
22.3
22.1
21.6
5.1
1.2
2.0
13.5
27.6
61.1
3.9
3.8
10.7
(25.1)
4.6
47,916
EXCHANGE
23.2
22.6
21.8
0.2
2.9
3.5
38.3
10.6
25.6
4.0
4.2
6.0
39.9
0.4
4,617
GAMING
19.9
17.3
15.8
(12.1)
14.8
9.4
9.1
2.8
6.3
1.9
2.0
1.6
7.4
6.1
62,766
GLOVE MANUFACTURING
22.5
19.0
18.4
39.7
18.7
3.4
13.1
13.7
19.6
2.1
2.7
4.0
(14.0)
1.6
16,689
HEALTHCARE
30.9
28.1
26.2
13.9
10.1
7.0
4.7
3.6
9.4
1.1
1.5
3.4
(81.9)
0.4
4,472
INSURANCE
21.1
19.4
17.5
12.4
8.5
11.1
n.a.
2.1
24.5
1.8
2.6
4.9
n.a.
0.3
3,289
MANUFACTURING
15.4
11.4
9.1
70.5
34.2
26.4
7.8
9.8
21.6
1.7
1.7
4.7
(29.9)
0.6
5,892
MEDIA
24.7
24.4
21.3
18.5
1.3
14.7
11.2
9.0
95.1
4.1
4.1
n.a.
(489.6)
1.5
15,199
OIL & GAS - HEAVY ENGINEERING
26.7
26.4
23.8
6.7
0.9
11.3
6.6
4.1
7.2
1.2
1.2
2.0
22.6
0.9
9,725
OIL & GAS - OFFSHORE ASSET OWNERS
20.2
17.0
10.8
(18.4)
19.2
56.7
n.m.
n.m.
n.m.
0.8
0.9
0.9
(97.9)
0.8
7,993
OIL & GAS - OFFSHORE CONTRACTORS
12.2
23.6
26.9
(40.6)
(48.3)
(12.2)
6.9
2.2
6.4
2.8
2.8
2.1
(118.5)
1.0
10,103
OIL & GAS - SHIPPING
12.0
15.2
16.3
53.3
(21.0)
(7.2)
23.5
5.7
8.1
4.0
2.0
1.1
(0.9)
3.2
33,523
PLANTATION
28.3
30.0
20.9
(38.2)
(5.5)
43.4
5.0
3.8
7.2
2.5
2.3
2.3
(45.6)
10.6
109,416
PORT
30.1
26.2
25.6
(2.6)
14.6
2.6
30.0
12.8
27.6
2.5
2.9
7.6
(40.6)
1.5
15,345
PROPERTY
15.4
13.2
12.1
13.2
16.9
8.6
14.7
4.7
10.4
3.1
4.0
1.0
(48.3)
2.8
28,564
REITs
20.4
19.4
18.3
6.3
5.2
6.0
79.0
5.8
8.2
4.9
5.1
1.2
(26.2)
3.4
34,772
TECHNOLOGY
6.7
10.1
8.2
54.9
(33.5)
22.9
1.1
12.5
17.3
11.3
8.4
1.0
25.8
0.1
1,226
TELECOMMUNICATIONS
23.8
23.4
22.5
(5.7)
1.8
3.7
14.3
7.7
19.3
3.6
3.9
9.9
(69.6)
15.5
160,229
UTILITY
12.3
11.7
11.5
14.1
5.3
1.4
12.8
4.6
13.1
1.9
2.7
1.7
(86.7)
8.9
92,287
OVERALL
16.8
16.5
15.3
(4.0)
1.9
7.7
16.9
1.9
10.4
3.2
3.2
2.0
(29.4)
100.0
1,034b
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Corporate Statistics
Rec
Share Price Last

29 Jul 16 Year
(RM)
End
2017F
(RMm)
2015
(sen)
214.2
246.5
17.3
18.7
21.5
13.5
12.5
10.9
16.9
14.0
7.2
6.0
0.18
9.4
23.4
39.4
1,145.4
2,680.2
0.44
5.3
13.9
73.9
2.55
1.73
2,539
101.3
146.9
29.1
8.7
12.6
19.6
65.7
45.3
25.0
7.4
4.4
1.3
0.66
0.0
0.0
0.1
1,168.3
6,659.3
5.41
1.1
(51.2)
(52.5)
10.72
4.88
1,252
538.0
315.5
393.4
17.4
29.6
23.7
5.2
2.6
1.2
1.1
2.9
1.4
(32.5)
(43.4)
1,335.5
1,580.5
Ticker
AUTOMOBILE
Berjaya Auto
BAUTO MK
BUY
2.34
4/16
198.0
UMW Holdings
UMWH MK
SELL
5.70
12/15
340.0
Sector
2015
(RMm)
2017F
(sen)
2015
(x)
PE
2016F
(x)
2017F
(x)
DPS
2015 2016F
(sen)
(sen)
Yield
Hist.
2015 2016F CFPS
(%)
(%) (RM)
Net
Margin
(%)
ROA
(%)
ROE
(%)
No. of
Shares
(m)
Market Book Price/

Cap. NTA ps NTA ps
(RMm) (RM)
(x)
9,339.5
Net Cash/(Debt) to
Mkt Cap Equity
(%)
(%)
Avg Daily
52-Wk Price
Turnover
High
Low
52-Wk
(RM)
(RM)
('000)
EPS
2016F
(sen)
Company
Net Profit
2016F
(RMm)
AVIATION
AirAsia
AIRA MK
HOLD
2.93
12/15
551.7
Malaysia Airports
MAHB MK
SELL
5.95
12/15
37.8
Sector
138.7
59.7
589.5
1,395.2
1,719.2
19.8
48.0
56.8
14.8
6.1
5.2
0.0
0.0
0.0
0.0
0.45
8.6
2.6
12.0
2,782.9
8,153.8
1.31
2.2
(112.7)
(204.1)
2.98
0.77
33,375
2.3
3.6
8.4
261.2
165.4
71.2
8.5
6.5
1.4
1.1
0.56
1.0
0.2
0.5
1,659.2
9,872.2
n.a.
n.a.
(49.0)
(59.9)
6.97
4.22
1,604
30.6
12.9
10.5
0.8
0.6
5.7
1.3
4.6
2.2
(77.8)
(111.4)
18,026.0
BANKING
Affin
AHB MK
SELL
2.13
12/15
369.3
367.8
379.2
19.0
18.9
19.5
11.2
11.3
10.9
7.9
5.7
3.7
2.7
n.a.
n.a.
0.6
4.6
1,942.9
4,138.5
3.55
0.6
n.a.
n.a.
2.57
2.09
247
Alliance Financial
AFG MK
HOLD
3.98
3/16
522.0
514.4
516.3
34.2
33.7
33.9
11.6
11.8
11.8
15.2
14.9
3.8
3.7
n.a.
n.a.
1.0
11.2
1,524.9
6,068.9
2.94
1.4
n.a.
n.a.
4.37
3.07
1,191
AMMB
AMM MK
HOLD
4.30
3/16
1,302.2
1,106.5
1,112.6
43.2
36.7
36.9
10.0
11.7
11.6
17.3
12.8
4.0
3.0
n.a.
n.a.
1.0
8.8
3,014.2
12,961.0
3.91
1.1
n.a.
n.a.
5.78
4.17
3,679
BIMB
BIMB MK
BUY
4.04
12/15
547.3
569.7
586.1
34.4
35.9
36.9
11.7
11.3
11.0
12.6
15.3
3.1
3.8
n.a.
n.a.
1.0
17.2
1,588.7
6,418.3
2.36
1.7
n.a.
n.a.
4.28
3.17
508
CIMB Group
CIMB MK
HOLD
4.39
12/15
3,331.5
3,714.1
3,843.4
38.2
42.6
44.0
11.5
10.3
10.0
15.0
17.0
3.4
3.9
n.a.
n.a.
0.7
7.3
8,728.9
38,319.7
3.31
1.3
n.a.
n.a.
5.40
3.93
12,600
Hong Leong Bank
HLBK MK
SELL
13.12
6/15
2,233.2
2,013.2
2,020.0
108.8
98.1
98.4
12.1
13.4
13.3
41.0
31.0
3.1
2.4
n.a.
n.a.
1.3
14.3
2,052.2
26,924.4
8.92
1.5
n.a.
n.a.
13.86
11.89
912
Hong Leong Financial
HLFG MK
HOLD
15.22
6/15
1,620.7
1,442.8
1,474.2
141.5
126.0
128.7
10.8
12.1
11.8
38.0
30.6
2.5
2.0
n.a.
n.a.
0.8
13.2
1,145.2
17,430.6
10.82
1.4
n.a.
n.a.
15.80
12.28
279
Maybank
MAY MK
HOLD
8.02
12/15
6,581.9
6,401.4
6,548.5
65.8
64.0
65.4
12.2
12.5
12.3
54.0
50.6
6.7
6.3
n.a.
n.a.
1.0
11.9
10,008.8
80,270.8
5.55
1.4
n.a.
n.a.
9.21
7.98
11,419
Public Bank
PBK MK
HOLD
19.50
12/15
4,962.0
4,949.5
5,200.5
128.5
128.2
134.7
15.2
15.2
14.5
54.0
57.4
2.8
2.9
n.a.
n.a.
1.4
17.1
3,861.5
75,299.1
7.77
2.5
n.a.
n.a.
19.68
17.04
5,681
RHB Bank
RHBC MK
BUY
5.09
12/15
1,820.4
2,101.7
2,296.9
45.4
52.4
57.3
11.2
9.7
8.9
12.0
15.7
2.4
3.1
n.a.
n.a.
0.7
7.2
4,010.0
20,411.1
4.51
1.1
n.a.
n.a.
5.59
3.85
1,327
23,290.5
23,181.2
23,977.7
12.4
12.4
12.0
4.0
3.9
n.a.
1.0
11.1
1.5
n.a.
n.a.
387.1
509.2
Sector
288,242.4
CONGLOMERATE
MMC Corp
MMC MK
HOLD
2.10
12/15
311.0
PPB Group
PEP MK
SELL
16.00
12/15
1,051.3
Sector
10.2
12.7
16.7
20.6
16.5
12.6
3.5
4.0
1.7
1.9
0.98
32.5
4.9
19.9
3,045.1
6,394.6
1.96
1.1
(121.6)
(94.0)
2.33
1.49
676
868.8 1,084.3 88.7
73.3
91.5
18.0
21.8
17.5
25.0
16.2
1.6
1.0
1.25
26.0
5.2
5.7
1,185.5
18,968.0
15.80
1.0
3.1
3.2
16.98
14.32
530
18.6
20.2
15.9
1.6
1.2
32.5
3.1
6.2
1.0
(28.4)
(27.0)
1,362.3
1,255.9
1,593.5
25,362.6
CONSTRUCTION
Gamuda
GAM MK
BUY
4.82
7/15
682.1
638.8
720.3
28.2
26.4
29.8
17.1
18.3
16.2
13.5
14.0
2.8
2.9
0.30
28.4
5.8
11.5
2,419.0
11,659.5
2.77
1.7
(32.6)
(64.3)
5.00
3.77
3,650
IJM Corp
IJM MK
BUY
3.39
3/16
482.4
620.1
708.8
13.4
17.2
19.7
25.3
19.7
17.2
10.0
6.9
2.9
2.0
0.26
15.4
4.0
9.0
3,600.8
12,206.7
2.48
1.4
(32.3)
(45.2)
3.61
2.85
4,990
Kerjaya Prospek
KPG MK
BUY
2.29
12/15
16.1
100.2
120.2
17.6
17.7
21.3
13.0
12.9
10.8
3.0
7.5
1.3
3.3
0.03
20.4
11.8
16.0
506.8
1,160.7
0.46
5.0
0.1
0.6
2.53
1.17
257
Sunway Construction
SCGB MK
HOLD
1.65
12/15
128.3
163.6
165.3
9.9
12.7
12.8
16.6
13.0
12.9
3.5
3.8
2.1
2.3
0.13
6.6
9.0
30.6
1,292.9
2,133.3
0.37
4.5
10.0
51.2
1.72
0.98
3,618
WCT Holdings
WCTHG MK BUY
1.56
12/15
8.7
12.6
14.5
17.9
12.3
10.8
2.0
2.6
1.3
1.7
0.24
17.5
4.5
12.0
1,249.2
1,948.8
2.13
0.7
(111.6)
(89.6)
1.76
1.10
2,013
19.5
17.4
15.5
2.7
2.4
17.0
4.8
10.8
1.5
(33.3)
(55.2)
Sector
108.7
157.9
181.2
1,417.7
1,680.5
1,895.8
29,108.9
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Rec
Share Price Last

29 Jul 16 Year
(RM)
End
2015
(RMm)
Net Profit
2016F
(RMm)
2017F
(RMm)
EPS
2016F
(sen)
2017F
(sen)
318.7
78.2
70.9
251.9
15.4
229.4
81.4
134.9
270.6
18.0
DPS
2015 2016F
(sen)
(sen)
Yield
Hist.
2015 2016F CFPS
(%)
(%) (RM)
2015
(x)
2017F
(x)
244.5
86.7
96.4
297.5
21.1
15.5
18.4
25.4
31.4
28.3
22.3
21.5
17.6
13.3
29.2
24.2
22.1
20.2
16.6
18.7
26.6
20.7
21.6
312.0
72.0
71.0
240.0
0.0
184.7
76.0
128.1
259.8
5.1
6.3
5.0
3.9
3.0
0.0
3.9
3.7
5.3
7.1
3.3
1.2
3.8
No. of
Shares
(m)
Market Book Price/

Cap. NTA ps NTA ps
(RMm) (RM)
(x)
Net Cash/(Debt) to
Mkt Cap Equity
(%)
(%)
Avg Daily
52-Wk Price
Turnover
High
Low
52-Wk
(RM)
(RM)
('000)
Net
Margin
(%)
ROA
(%)
ROE
(%)
3.47
0.76
0.81
3.06
0.24
19.9
13.0
12.2
12.2
6.7
13.5
73.1
32.3
30.7
24.7
7.1
27.6
170.0
66.7
58.4
79.5
12.7
61.1
285.5
307.6
302.1
234.5
1,248.0
14,093.8
4,417.4
5,437.8
18,525.5
5,441.4
47,915.9
0.30
1.29
1.00
3.33
1.27
n.m.
11.1
17.9
23.7
3.4
10.7
(1.8)
1.9
(0.9)
(0.7)
(9.8)
(1.8)
(47.5)
26.6
(13.8)
(16.6)
(35.2)
(25.1)
67.50
15.18
18.40
81.80
4.65
40.70
10.82
12.34
70.81
3.71
310
142
83
20
769
Company
Ticker
CONSUMER
BAT
Carlsberg
Heineken
Nestle
QL Resources
Sector
ROTH MK
CAB MK
HEIM MK
NESZ MK
QLG MK
HOLD
HOLD
BUY
HOLD
HOLD
49.36
14.36
18.00
79.00
4.36
12/15
12/15
6/15
12/15
3/16
910.1
240.6
214.2
590.7
192.0
2,147.6
EXCHANGE
Bursa Malaysia
Sector
BURSA MK
HOLD
8.61
12/15
198.6
198.6
204.3
204.3
211.5
211.5
37.0
38.1
39.4
23.2
23.2
22.6
22.6
21.8
21.8
34.5
36.4
4.0
4.0
4.2
4.2
0.41
38.3
38.3
10.6
10.6
25.6
25.6
536.3
4,617.3
4,617.3
1.44
6.0
6.0
6.7
6.7
39.9
39.9
9.00
7.48
478
GAMING
Berjaya Sports Toto
Genting Bhd
Genting Malaysia
Magnum
Sector
BST MK
GENT MK
GENM MK
MAG MK
BUY
BUY
HOLD
HOLD
3.28
8.22
4.29
2.40
4/16
12/15
12/15
12/15
306.2
1,486.2
1,135.9
228.1
3,156.4
307.2
1,743.0
1,321.4
253.5
3,625.1
320.5
1,890.1
1,495.3
258.3
3,964.2
22.7
39.9
20.0
16.0
22.8
46.8
23.3
17.8
23.8
50.8
26.4
18.2
14.4
20.6
21.4
15.0
19.9
14.4
17.6
18.4
13.5
17.3
13.8
16.2
16.3
13.2
15.8
19.0
3.5
7.1
16.0
20.5
4.1
11.0
16.8
5.8
0.4
1.7
6.7
1.9
6.2
0.5
2.6
7.0
2.0
0.24
0.88
0.34
0.16
5.5
7.7
15.0
8.2
9.1
12.6
1.7
5.2
6.3
2.8
42.3
4.7
7.1
9.4
6.3
1,348.0
3,723.8
5,668.9
1,423.0
4,421.3
30,609.6
24,319.7
3,415.2
62,766.0
n.a.
6.49
2.33
n.a.
n.a.
1.3
1.8
n.a.
1.6
(6.7)
15.8
(0.9)
(17.2)
5.9
(41.1)
16.3
(1.3)
(24.1)
7.4
3.47
9.90
4.64
2.74
2.88
6.51
3.75
2.19
885
3,736
4,067
410
GLOVE MANUFACTURING
Hartalega
HART MK
Kossan Rubber
KRI MK
Top Glove
TOPG MK
Sector
SELL
BUY
HOLD
4.30
6.66
4.29
3/16
12/15
8/15
257.6
203.3
279.8
740.6
273.7
239.5
365.6
878.8
308.2
15.7
275.5
31.8
325.3 22.3
909.0
16.7
37.5
29.2
18.8
43.1
26.0
27.4
21.0
19.2
22.5
25.8
17.8
14.7
19.0
22.9
15.5
16.5
18.4
9.0
12.7
10.0
10.0
15.0
14.7
2.1
1.9
2.3
2.1
2.3
2.2
3.4
2.7
0.20
0.42
0.30
17.2
12.5
11.2
13.1
15.1
14.8
12.1
13.7
18.6
22.8
18.7
19.6
1,641.1
639.5
1,252.6
7,056.7
4,258.9
5,373.5
16,689.0
0.90
1.56
1.38
4.8
4.3
3.1
4.0
(2.3)
(2.4)
(4.8)
(3.2)
(11.8)
(11.6)
(17.3)
(14.0)
6.15
9.50
7.03
3.81
5.90
3.47
1,990
1,381
4,114
HEALTHCARE
KPJ Healthcare
Sector
KPJ MK
HOLD
4.28
12/15
144.6
144.6
159.2
159.2
170.4
170.4
13.8
15.2
16.3
30.9
30.9
28.1
28.1
26.2
26.2
4.9
6.2
1.1
1.1
1.5
1.5
0.24
4.7
4.7
3.6
3.6
9.4
9.4
1,044.9
4,472.3
4,472.3
1.25
3.4
3.4
(25.8)
(25.8)
(81.9)
(81.9)
4.41
3.96
902
INSURANCE
Syarikat Takaful
Sector
STMB MK
HOLD
4.01
12/15
155.9
155.9
169.1
169.1
187.8 19.0
187.8
20.6
22.9
21.1
21.1
19.4
19.4
17.5
17.5
7.4
10.4
1.8
1.8
2.6
2.6
n.a.
n.a.
n.a.
2.1
2.1
24.5
24.5
820.2
3,288.9
3,288.9
0.83
4.9
4.9
n.a.
n.a.
n.a.
n.a.
4.44
3.45
404
MANUFACTURING
Scientex
SKP Resources
VS Industry
Sector
SCI MK
SKP MK
VSI MK
BUY
HOLD
BUY
12.70
1.21
1.32
7/15
3/16
7/15
172.8
82.7
128.1
383.7
266.1
119.7
129.2
515.0
314.8
75.0
148.1
7.0
187.9 11.0
650.8
115.5
10.2
11.0
136.6
12.6
16.1
16.9
17.2
12.1
15.4
11.0
11.9
12.0
11.4
9.3
9.6
8.2
9.1
22.0
3.8
4.8
33.9
4.8
4.0
1.7
3.2
3.6
1.7
2.7
4.0
3.0
1.7
0.88
0.09
0.17
8.8
7.8
6.9
7.8
10.4
14.3
7.8
9.8
19.1
33.5
20.4
21.6
230.5
1,174.2
1,169.9
2,927.0
1,420.7
1,544.3
5,892.0
4.98
0.30
0.73
2.6
4.0
1.8
4.7
(15.6)
(0.6)
(3.3)
(8.8)
(55.2)
(3.2)
(7.8)
(29.9)
13.60
1.55
1.69
6.74
1.12
1.00
216
2,981
5,986
655.1 698.0
250.5
266.6
407.4 291.3
634.6
697.7
225.2
263.0
2,172.8
2,216.7
2015
(sen)
PE
2016F
(x)
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Company
Ticker
MEDIA
Astro
ASTRO MK
Rec
HOLD
Share Price Last

29 Jul 16 Year
(RM)
End
2.92
1/16
Sector
2015
(RMm)
Net Profit
2016F
(RMm)
2017F
(RMm)
2015
(sen)
EPS
2016F
(sen)
11.8
12.0
615.3
623.0
714.7
615.3
623.0
714.7
2017F
(sen)
2015
(x)
PE
2016F
(x)
2017F
(x)
DPS
2015 2016F
(sen)
(sen)
13.7
24.7
24.7
24.4
21.3
12.0
24.4
21.3
12.0
Yield
Hist.
2015 2016F CFPS
(%)
(%) (RM)
4.1
4.1
4.1
4.1
0.23
Net
Margin
(%)
ROA
(%)
ROE
(%)
No. of
Shares
(m)
5,205.0
11.2
9.0
95.1
11.2
9.0
95.1
Market Book Price/

Cap. NTA ps NTA ps
(RMm) (RM)
(x)
15,198.6
n.a.
15,198.6
Net Cash/(Debt) to
Mkt Cap Equity
(%)
(%)
n.a.
(20.9)
(489.6)
n.a.
(20.9)
(489.6)
Avg Daily
52-Wk Price
Turnover
High
Low
52-Wk
(RM)
(RM)
('000)
3.12
2.41
3,000
OIL & GAS - HEAVY ENGINEERING

Dialog
DLG MK
BUY
1.52
6/15
272.2
283.5
325.3
5.2
5.4
6.2
29.4
28.3
24.6
2.2
2.2
1.4
1.5
0.06
11.7
8.0
15.5
5,271.7
8,013.0
0.41
3.7
1.0
4.5
1.70
1.30
5,847
MMHE
MMHE MK
HOLD
1.07
12/15
92.2
84.3
84.1
5.8
5.3
5.3
18.6
20.3
20.4
0.0
0.0
0.0
0.0
0.08
1.8
1.0
1.7
1,600.0
1,712.0
1.67
0.6
53.9
34.7
1.34
0.88
1,208
364.3
367.8
409.4
26.7
26.4
23.8
1.2
1.2
6.6
4.1
7.2
2.0
10.3
22.6
Sector
9,725.0

Bumi Armada
BAB MK
BUY
0.75
12/15
239.6
282.7
515.1
4.1
4.8
8.8
18.2
15.5
8.5
0.8
1.0
1.1
1.3
0.06
n.m
n.m
n.m
5,866.3
4,370.4
1.13
0.7
(151.4)
(94.9)
1.16
0.65
18,392
Perisai Petroleum
PPT MK
SELL
0.23
12/15
7.7
37.7
28.3
0.6
3.1
2.3
35.7
7.3
9.7
0.0
0.0
0.0
0.0
(0.52)
n.m
n.m
n.m
1,222.2
275.0
0.50
0.5
(399.5)
(118.9)
0.40
0.22
7,583
Yinson
YNS MK
HOLD
3.07
1/16
148.0
150.9
195.2
13.6
13.8
17.9
22.6
22.2
17.1
1.5
1.5
0.5
0.5
0.33
58.3
6.8
15.2
1,090.5
3,347.8
1.53
2.0
(48.0)
(98.5)
3.10
2.31
456
395.3
471.3
738.6
20.2
17.0
10.8
0.8
0.9
n.m
n.m
n.m
0.9
(116.6)
(97.9)
741
Sector
7,993.2

BarakahOffshorePetroleum BARAKAHMK SELL
Deleum
0.67
12/15
(7.9)
30.6
44.0
(1.0)
3.7
5.3
n.m
17.9
12.5
0.0
0.0
0.0
0.0
0.05
3.2
2.6
5.7
824.9
548.6
0.41
1.6
(21.8)
(36.0)
1.06
0.64
DLUM MK
HOLD
1.09
12/15
39.5
43.3
61.2
9.9
10.8
15.3
11.0
10.1
7.1
5.5
5.4
5.0
5.0
0.19
7.0
6.8
16.0
400.0
436.0
0.70
1.5
(12.0)
(18.4)
1.40
0.90
411
SapuraKencanaPetroleum SAKP MK
HOLD
1.43
1/16
757.7
314.7
212.4
12.6
5.3
3.5
11.3
27.2
40.3
4.4
4.4
3.0
3.0
0.34
7.4
2.1
6.3
5,992.2
8,568.8
0.65
2.2
(175.1)
(124.0)
2.46
1.29
15,562
Uzma
HOLD
1.89
12/15
13.6
13.6
20.1
13.9
13.9
9.4
0.0
0.0
0.0
0.0
0.04
1.0
0.8
1.8
290.9
549.9
1.02
2.52
1.56
319
12.2
23.6
26.9
2.8
2.8
6.9
2.2
6.4
12.0
15.2
16.3
4.0
2.0
23.5
5.7
8.1
9.41
6.88
4,211
12.0
15.2
16.3
4.0
2.0
23.5
5.7
8.1
622
UZMA MK
39.6
39.6
58.4
829.0
428.2
376.0
12/15 2,797.2
2,210.4
2,050.5
2,797.2
2,210.4
2,050.5
Sector
10,103.2
1.9
(45.0)
(82.7)
2.1
(152.7)
(118.5)

MISC
MISC MK
HOLD
7.51
Sector
62.7
49.5
45.9
30.0
14.9
0.87
4,463.8
33,523.1
7.12
33,523.1
1.1
(0.9)
(0.9)
1.1
(0.9)
(0.9)
PLANTATION
Genting Plantations
GENP MK
HOLD
10.54
12/15
211.0
296.7
388.4
26.7
37.5
49.1
39.5
28.1
21.5
5.5
8.6
0.5
0.8
0.38
13.8
3.0
4.7
791.4
8,341.9
5.13
2.1
(8.8)
(18.0)
11.56
8.52
IJM Plantations
IJMP MK
SELL
3.30
3/16
36.3
109.2
119.1
4.1
12.4
13.5
80.1
26.6
24.4
5.0
7.2
1.5
2.2
0.06
4.3
0.9
1.5
880.6
2,905.9
1.84
1.8
(15.8)
(28.6)
3.80
2.99
154
IOI Corp
IOI MK
SELL
4.23
6/15
945.9
947.3
1,058.0
15.0
15.1
16.8
28.1
28.1
25.1
9.0
7.9
2.1
1.9
0.06
1.4
1.2
3.0
6,288.2
26,599.1
0.75
5.6
(20.2)
(96.8)
5.04
3.70
6,549
Kuala Lumpur Kepong KLK MK
BUY
23.12
9/15
Sime Darby
HOLD
7.42
SIME MK
905.2
1,056.3
1,278.0
85.0
99.2
120.0
27.2
23.3
19.3
45.0
52.5
1.9
2.3
1.09
6.4
5.8
10.0
1,065.0
24,622.0
8.92
2.6
(11.2)
(31.7)
24.78
19.60
950
6/15 1,765.8
1,243.8
2,395.3
27.9
19.7
37.9
26.6
37.7
19.6
25.0
20.3
3.4
2.7
0.56
5.3
4.1
7.8
6,327.1
46,946.9
4.25
1.7
(28.2)
(44.9)
9.10
6.70
4,143
3,864.1
3,653.3
5,238.8
28.3
30.0
20.9
2.5
2.3
5.0
3.8
7.2
2.3
(20.6)
(45.6)
30.1
26.2
25.6
2.5
2.9
30.0
12.8
27.6
7.6
(4.8)
(40.6)
4.58
3.62
3,370
30.1
26.2
25.6
2.5
2.9
30.0
12.8
27.6
7.6
(4.8)
(40.6)
Sector
109,415.8
PORT
Westports
Sector
WPRTS MK
SELL
4.50
12/15
510.4
585.1
600.4
510.4
585.1
600.4
15.0
17.2
17.6
11.2
12.9
0.19
3,410.0
15,345.0
15,345.0
0.59
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
2015
(sen)
2017F
(sen)
2017F
(x)
DPS
2015 2016F
(sen)
(sen)
Yield
Hist.
2015 2016F CFPS
(%)
(%) (RM)
Net
Margin
(%)
ROA
(%)
ROE
(%)
No. of
Shares
(m)
Market Book Price/

Cap. NTA ps NTA ps
(RMm) (RM)
(x)
Net Cash/(Debt) to
Mkt Cap Equity
(%)
(%)
Avg Daily
52-Wk Price
Turnover
High
Low
52-Wk
(RM)
(RM)
('000)
ECW MK
MSGB MK
MRC MK
SPSB MK
SSR MK
SWB MK
UEMS MK
HOLD
HOLD
HOLD
HOLD
BUY
BUY
HOLD
1.29
1.62
1.17
3.07
0.85
2.93
1.04
10/15
12/15
12/15
10/15
9/15
12/15
12/15
43.7
367.1
2.4
583.1
11.5
590.7
257.2
1,855.8
122.3
190.0
393.3
386.5
75.1 124.3
778.1
719.5
43.5
138.3
514.6
531.5
242.4 264.8
2,169.4
2,354.9
1.8
15.2
0.1
22.1
1.4
29.3
5.7
5.2
16.3
4.0
29.5
5.4
25.5
5.3
8.0
16.0
6.6
27.3
17.3
26.3
5.8
69.8
10.6
927.8
13.9
58.5
10.0
18.3
15.4
24.9
9.9
29.4
10.4
15.5
11.5
19.5
13.2
16.1
10.1
17.8
11.3
4.9
11.1
17.8
12.1
0.0
6.4
2.0
14.0
0.0
10.0
3.0
0.0
6.5
2.0
23.1
0.0
10.0
3.0
0.0
3.9
1.7
4.6
0.0
3.4
2.9
3.1
0.0
4.0
1.7
7.5
0.0
3.4
2.9
4.0
0.00
0.17
0.20
0.36
0.02
0.41
0.07
5.2
12.4
19.5
13.6
22.3
16.5
14.7
14.7
1.0
6.5
4.7
6.1
1.1
5.1
2.2
4.7
1.8
14.3
15.6
13.6
2.1
11.7
3.9
10.4
2,364.3
2,409.4
1,886.6
2,637.6
798.8
2,017.8
4,537.4
3,049.9
3,903.3
2,207.3
8,097.5
675.0
5,912.0
4,718.9
28,564.0
1.36
1.33
1.03
2.79
0.73
3.33
1.36
0.9
1.2
1.1
1.1
1.2
0.9
0.8
1.0
(57.1)
(8.5)
(125.2)
(28.6)
(18.2)
(48.0)
(44.8)
(42.8)
(541.7)
(12.2)
(130.2)
(34.3)
(20.9)
(45.4)
(32.2)
(48.3)
1.67
1.64
1.52
3.40
0.95
3.28
1.37
1.17
1.24
0.80
2.80
0.76
2.89
0.76
1,712
1,234
3,082
649
145
1,152
8,875
REITs
Axis REIT
CMMT
IGB REIT
KLCC Property
Pavilion REIT
Sunway REIT
Sector
AXRB MK
CMMT MK
IGBREIT MK
KLCCSS MK
PREIT MK
SREIT MK
HOLD
HOLD
BUY
HOLD
HOLD
BUY
1.77
1.51
1.64
7.50
1.85
1.67
12/15
12/15
12/15
12/15
12/15
6/15
94.6
155.1
254.0
724.5
241.1
234.7
1,704.1
91.6
167.1
273.9
746.0
258.7
254.5
1,791.9
101.4
175.3
294.6
761.6
288.3
277.9
1,899.1
8.6
7.6
7.3
40.1
8.0
8.0
8.3
8.2
7.9
41.3
8.6
8.6
9.2
8.6
8.5
42.2
9.5
9.4
20.7
19.7
22.5
18.7
23.2
20.9
20.4
21.3
18.3
20.9
18.1
21.6
19.3
19.4
19.3
17.5
19.4
17.8
19.4
17.7
18.3
8.4
8.6
8.2
35.0
8.2
8.7
8.4
8.6
9.0
36.4
8.6
9.3
4.7
5.7
5.0
4.7
4.4
5.2
4.9
4.7
5.7
5.5
4.8
4.7
5.5
5.1
0.09
0.11
0.07
0.63
0.09
0.08
58.9
65.5
51.9
84.4
68.2
334.0
79.0
4.6
6.0
4.9
6.6
6.0
4.5
5.8
7.2
9.1
6.9
9.2
7.4
6.7
8.2
1,105.2
2,028.3
3,483.3
1,805.3
3,019.8
2,942.4
1,956.2
3,062.8
5,712.7
13,540.0
5,586.6
4,913.8
34,772.1
1.23
1.28
1.05
6.95
1.28
1.34
1.4
1.2
1.6
1.1
1.5
1.3
1.2
(20.7)
(35.6)
(16.9)
(10.7)
(18.9)
(43.9)
(20.5)
(30.3)
(44.0)
(26.3)
(11.8)
(27.5)
(60.0)
(26.2)
1.85
1.61
1.74
7.88
1.90
1.77
1.49
1.24
1.24
6.80
1.39
1.43
518
981
1,504
629
892
2,172
TECHNOLOGY
JCY International
Sector
JCYH MK
HOLD
0.60
9/15
183.2
183.2
121.9
121.9
149.8
149.8
8.9
5.9
7.3
6.7
6.7
10.1
10.1
8.2
8.2
6.8
5.0
11.3
11.3
8.4
8.4
0.15
1.1
1.1
12.5
12.5
17.3
17.3
2,060.2
1,225.8
1,225.8
0.59
1.0
1.0
25.5
25.5
25.8
25.8
0.92
0.58
3,915
TELECOMMUNICATIONS
Axiata
Axiata MK
DiGi.Com
DIGI MK
Maxis
Maxis MK
Telekom Malaysia
T MK
Sector
HOLD
HOLD
HOLD
SELL
5.69
4.96
6.02
6.83
12/15 2,070.5
12/15 1,812.7
12/15 1,953.0
12/15 894.9
6,731.1
2,357.6
1,736.9
1,880.9
879.8
6,855.2
2,661.9
1,757.8
1,855.8
834.0
7,109.5
23.2
23.3
26.0
23.8
26.4
22.3
25.0
23.4
29.8
22.6
24.7
22.2
24.5
21.3
23.1
28.7
23.8
21.5
22.2
24.0
29.2
23.4
19.1
21.9
24.4
30.8
22.5
20.0
22.0
20.0
21.4
23.4
22.3
22.0
22.1
3.5
4.4
3.3
3.1
3.6
4.1
4.5
3.7
3.2
3.9
0.76
0.30
0.39
2.36
12.8
24.9
20.2
6.0
14.3
6.2
38.4
9.4
3.0
7.7
11.5
285.8
39.1
9.1
19.3
8,925.6
7,775.0
7,510.3
3,757.9
50,786.7
38,564.0
45,211.8
25,666.7
160,229.1
1.04
n.a.
n.a.
1.85
5.4
n.a.
n.a.
3.7
9.9
(20.5)
(2.7)
(18.2)
(17.8)
(15.1)
(47.0)
(175.6)
(184.5)
(59.6)
(69.6)
6.85
5.85
7.20
7.10
5.18
4.31
5.36
6.00
7,960
8,684
3,906
5,829
UTILITY
Gas Malaysia
Malakoff
Tenaga Nasional
Sector
BUY
BUY
BUY
2.40
1.61
14.38
12/15 124.1
12/15 432.4
8/15 6,937.7
7,494.2
143.0
148.6
450.0
478.5
7,295.5 7,369.9
7,888.5
7,997.0
9.7
8.6
122.9
11.1
9.0
129.3
11.6
9.6
130.6
24.8
18.6
11.7
12.3
21.5
17.9
11.1
11.7
20.7
16.8
11.0
11.5
8.3
6.3
29.0
11.1
6.3
36.4
3.4
n.a.
2.0
1.9
4.6
3.9
2.5
2.7
0.12
0.37
2.02
2.9
8.5
14.1
12.8
5.5
1.5
5.4
4.6
10.7
9.3
13.5
13.1
1,284.0
5,000.0
5,643.6
3,081.6
8,050.0
81,155.1
92,286.7
0.78
0.35
9.03
3.1
4.6
1.6
1.7
12.8
(172.7)
(38.0)
(48.0)
39.9
(284.6)
(68.1)
(86.7)
2.53
1.79
14.60
1.93
1.18
10.26
283
4,005
10,725
16.8
16.5
15.3
3.2
3.2
16.9
1.9
10.4
2.0
(16.5)
(29.4)
62.7b
67.5b
2015
(x)
PE
2016F
(x)
PROPERTY
Eco World
Mah Sing
MRCB
SP Setia
Sunsuria
Sunway Bhd
UEM Sunrise
Sector
61.5b
2017F
(RMm)
EPS
2016F
(sen)
Ticker
OVERALL
2015
(RMm)
Net Profit
2016F
(RMm)
Company
GMB MK
MLK MK
TNB MK
Rec
Share Price Last

29 Jul 16 Year
(RM)
End
1,034.1 b
CMMT = Capitaland Malaysia Mall Trust, MMHE = Malaysia Marine And Heavy Engineering Holdings, MRCB = Malaysian Resources Corporation
Note: If year end is before June, earnings are shown in the previous period.
M a l a y s i a
C o r p o r a t e
Economics
August 2016
G u i d e
2013
2014
2015
2016F
2Q15
3Q15
4Q15
1Q16
Mar 16
Apr 16
May 16
Jun 16
GDP by Sector (Real) (yoy % chg)

GDP
Agriculture
Mining & Quarrying
Manufacturing
Construction
Services
Utilities
Transport & Storage
Information & Communication
Finance
Other Services
Government Services
4.7
1.9
1.2
3.4
10.8
6.0
4.4
4.6
9.1
2.2
5.6
7.6
6.0
2.1
3.3
6.2
11.8
6.5
3.8
5.2
9.7
1.8
4.8
6.1
5.0
1.2
4.7
4.9
8.2
5.1
3.5
5.7
9.4
(0.4)
4.7
4.0
4.2
(1.4)
0.9
4.6
8.6
5.0
3.3
6.0
8.4
0.5
4.6
5.0
4.9
4.6
6.0
4.2
5.6
5.0
3.9
5.4
9.3
1.7
4.7
4.0
4.7
2.3
5.1
4.9
9.9
4.4
3.1
5.7
9.6
(2.9)
4.8
3.2
4.5
1.5
(1.3)
5.0
7.4
5.0
3.2
5.9
9.2
(1.3)
4.6
4.7
4.2
(3.8)
0.3
4.5
7.9
5.1
6.8
5.8
8.5
0.2
4.6
5.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
External Trade
Exports of Goods (yoy % chg)
Imports of Goods (yoy % chg)
Trade Balance (RMb)
Current Account Balance (RMb)
2.5
6.9
71.3
35.5
6.3
5.3
82.5
47.3
1.9
0.4
94.3
34.0
4.1
2.2
110.9
18.0
(3.7)
(5.2)
20.4
8.1
5.5
2.9
22.2
4.7
8.1
3.5
30.6
10.5
1.0
(0.4)
23.9
5.0
n.a.
n.a.
n.a.
n.a.
0.2
(5.5)
11.2
n.a.
1.6
(2.3)
9.1
n.a.
(0.9)
3.1
3.3
n.a.
Monetary Data (end of period)

Loans (yoy % chg)
M1 Growth (yoy % chg)
M2 Growth (yoy % chg)
Overnight Policy Rate (%)
3-month Interbank Rate (%)
Base Lending Rate (%)
Exchange Rates (RM/US$)
Foreign Reserves (RMb)
10.6
13.0
8.4
3.00
3.16
6.53
3.282
441.7
9.3
5.7
7.5
3.25
3.51
6.79
3.505
405.5
7.9
4.1
2.8
3.25
3.84
6.79
4.294
409.1
6.7
5.0
3.5
3.00
3.30
6.79
4.150
n.a.
9.1
9.5
6.5
3.25
3.69
6.79
3.773
398.1
9.7
8.3
5.5
3.25
3.74
6.79
4.396
415.1
7.9
4.1
2.8
3.25
3.84
6.79
4.294
409.1
6.4
(1.7)
0.9
3.25
3.25
3.25
3.900
381.5
5.6
0.9
1.8
3.25
3.65
6.81
4.03
390.40
6.4
(1.7)
0.9
3.25
3.71
6.80
3.900
381.5
6.3
(0.9)
1.4
3.25
3.69
6.80
3.905
381.3
6.2
1.2
2.1
3.25
3.67
6.80
4.129
382.6
3.4
2.1
3.0
5.1
3.1
3.0
4.5
2.1
3.3
3.5
2.4
3.5
4.3
2.2
3.2
4.5
3.0
3.3
2.9
2.6
3.4
3.3
3.4
3.5
n.a.
n.a.
n.a.
2.8
2.6
3.5
3.0
2.1
3.5
2.7
2.0
3.4
Other Macro Variables (yoy % chg)

Industrial Production Index
Inflation
Unemployment Rate (NSA)
Source: CEIC, UOB Economic-Treasury Research
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Ranking By Market Parameters

Highest PE (x)
Forward
Highest P/NTA (x)
Historical
Highest Dividend Yield (%) Historical
Highest 90 days Volatility (%)
Highest Market Cap (RMm)
Malaysia Airports
165.4
Nestle
23.7
JCY International
8.4
AirAsia
47.6
Tenaga Nasional
81,155
UMW Holdings
65.7
Heineken
17.9
SP Setia
7.5
BAT
41.1
Maybank
80,271
Sime Darby
37.7
Carlsberg
11.1
Heineken
7.1
MMHE
40.3
Public Bank
75,299
MRCB
29.4
Westports
7.6
Magnum
7.0
SapuraKencana Petroleum
39.1
Axiata
50,787
Nestle
29.2
Bursa Malaysia
6.0
Maybank
6.3
Uzma
36.8
Sime Darby
46,947
Telekom Malaysia
29.2
IOI Corp
5.6
Berjaya Sports Toto
6.2
UMW Holdings
33.5
Maxis
45,212
Dialog
28.3
Axiata
5.4
Berjaya Auto
6.0
Bumi Armada
32.7
DiGi
38,564
Genting Plantations
28.1
Berjaya Auto
5.3
CMMT
5.7
Perisai Petroleum
32.0
CIMB Group
38,320
KPJ Healthcare
28.1
Kerjaya Prospek
5.0
Sunway REIT
5.5
VS Industry
31.2
MISC
33,523
IOI Corp
28.1
Syarikat Takaful
4.9
IGB REIT
5.5
Genting Bhd
30.7
Genting Bhd
30,610
Lowest PE (x)
Forward
Lowest P/NTA (x)
Historical
AirAsia
6.1
Perisai Petroleum
0.5
MMHE
0.0
Telekom Malaysia
6.6
Perisai Petroleum
275
Perisai Petroleum
7.3
Affin
0.6
Barakah Offshore Petroleum
0.0
Public Bank
8.8
Deleum
436
RHB Bank
9.7
MMHE
0.6
Uzma
0.0
Tenaga Nasional
8.9
549
Mah Sing
9.9
Bumi Armada
0.7
Perisai Petroleum
0.0
Kuala Lumpur Kepong
9.2
Uzma
550
JCY International
10.1
WCT Holdings
0.7
Sunsuria
0.0
Nestle
11.3
Sunsuria
675
Deleum
10.1
UEM Sunrise
0.8
Eco World
0.0
Hong Leong Bank
12.3
Kerjaya Prospek
1,161
CIMB Group
10.3
Sunway Bhd
0.9
AirAsia
0.0
Affin
12.3
JCY International
1,226
SP Setia
10.4
Eco World
0.9
Yinson
0.5
Genting Plantations
12.5
SKP Resources
1,421
Scientex
11.0
JCY International
1.0
Genting Bhd
0.5
KPJ Healthcare
12.7
VS Industry
1,544
Tenaga Nasional
11.1
PPB Group
1.0
Genting Plantations
0.8
Sunway Bhd
13.3
MMHE
1,712
Lowest Dividend Yield (%)
Historical
Lowest 90 days Volatility (%)
Lowest Market Cap (RMm)
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Performance At A Glance
Company
Share Price (RM)

30 Jun 16
29 Jul 16
-------------- % Change -------------mom

yoy
ytd
AUTOMOBILE
Berjaya Auto
UMW Holdings
Sector
2.22
5.73
2.34
5.70
5.5
(0.5)
1.1
(2.7)
(41.4)
(33.9)
16.8
(26.5)
(17.8)
AVIATION
AirAsia
Malaysia Airports
Sector
2.60
6.12
2.93
5.95
12.7
(2.8)
3.7
119.3
1.8
34.4
131.3
6.8
41.2
BANKING
Affin
Alliance Financial
AMMB
BIMB
CIMB Group
Hong Leong Financial
Hong Leong Bank
Maybank
Public Bank
RHB Bank
Sector
2.12
4.03
4.44
3.90
4.37
14.68
13.18
8.14
19.40
5.12
2.13
3.98
4.30
4.04
4.39
15.22
13.12
8.02
19.50
5.09
0.5
(1.2)
(3.2)
3.6
0.5
3.7
(0.5)
(1.5)
0.5
(0.6)
(0.2)
(12.8)
(2.5)
(19.6)
1.2
(16.0)
0.3
3.0
(7.2)
5.8
(5.8)
(4.5)
(6.9)
13.6
(5.1)
5.5
(1.1)
10.9
(1.3)
(1.1)
7.1
19.0
2.8
CONGLOMERATE
MMC Corp
PPB Group
Sector
2.01
16.50
2.10
16.00
4.5
(3.0)
(1.2)
(2.4)
5.3
3.3
9.1
1.7
3.5
CONSTRUCTION
Gamuda
IJM Corp
Kerjaya Prospek
Sunway Constuction
WCT Holdings
Sector
4.80
3.49
2.00
1.60
1.50
0.4
(2.9)
14.8
3.1
4.0
(0.1)
2.6
2.7
59.6
44
15.0
7.1
6.1
2.4
42.9
21.1
(1.8)
5.7
4.82
3.39
2.29
1.65
1.56
Company
Share Price (RM)

30 Jun 16
29 Jul 16
-------------- % Change -------------mom

yoy
ytd
CONSUMER
BAT
Carlsberg
Heineken
Nestle
QL Resources
Sector
52.70
13.22
15.14
76.52
4.37
49.36
14.36
18.00
79.00
4.36
(6.3)
8.6
18.9
3.2
(0.2)
1.8
(23.1)
21.4
36.0
13.7
4.2
0.9
(9.8)
29.1
40.8
9.5
1.6
6.1
EXCHANGE
Bursa Malaysia
Sector
8.56
8.61
0.6
0.6
8.8
8.8
5.2
5.2
GAMING
Berjaya Sports Toto
Genting Bhd
Genting Malaysia
Magnum
Sector
2.99
8.20
4.45
2.30
3.28
8.22
4.29
2.40
9.6
0.2
(3.6)
4.3
(0.5)
4.5
1.4
2.2
(5.6)
1.5
12.5
12.5
(1.1)
(1.4)
6.0
GLOVE MANUFACTURING
Hartalega
Kossan Rubber
Top Glove
Sector
4.33
6.85
4.60
4.30
6.66
4.29
(0.7)
(2.8)
(6.7)
(3.2)
1.3
(7.3)
15.3
(1.2)
(27.0)
(27.7)
(35.3)
(30.4)
HEALTHCARE
KPJ Healthcare
Sector
4.23
4.28
1.2
1.2
1.2
1.2
2.3
2.3
INSURANCE
Syarikat Takaful
Sector
4.05
4.01
(1.0)
(1.0)
2.4
2.4
4.8
4.8
1.16
12.32
1.17
1.21
12.70
1.32
4.3
3.1
12.6
5.7
(19.7)
83.0
8.3
19.5
(7.6)
33.2
(13.2)
6.9
MANUFACTURING
SKP Resources
Scientex
VS Industry
Sector
10
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Company
Share Price (RM)

30 Jun 16
29 Jul 16
-------------- % Change -------------mom

yoy
ytd
MEDIA
Astro
Sector
2.93
2.92
(0.3)
(0.3)
(0.6)
(0.6)
8.4
8.4
OIL & GAS - HEAVY ENGINEEING

Dialog
MMHE
Sector
1.54
1.13
1.52
1.07
(1.3)
(5.3)
(2.0)
(4.3)
(6.1)
(4.6)
(4.4)
7.0
(2.6)

Bumi Armada
0.72
Perisai Petroleum
0.24
Yinson
2.73
Sector
0.75
0.23
3.07
3.9
(4.3)
12.5
7.0
(32.1)
(43.0)
0.9
(21.9)
(26.2)
(19.6)
4.8
(15.5)

Deleum
SapuraKencana Petroleum
Uzma
Sector
0.70
1.10
1.47
1.92
0.67
1.09
1.43
1.89
(4.3)
(0.9)
(2.7)
(1.6)
(2.7)
(33.2)
(14.7)
(41.6)
(24.4)
(39.6)
(25.3)
2.1
(29.2)
(5.5)
(27.0)

MISC
Sector
7.46
7.51
0.7
0.7
(0.3)
(0.3)
(17.8)
(17.8)
10.62
3.40
4.34
23.11
7.59
10.54
3.30
4.23
23.12
7.42
(0.8)
(2.9)
(2.5)
0.0
(2.2)
(1.7)
1.9
(4.3)
1.7
7.1
(12.1)
(3.8)
(0.3)
(5.7)
(4.5)
3.0
(3.5)
(2.2)
4.20
4.50
7.1
7.1
15.4
15.4
10.8
10.8
PLANTATION
Genting Plantations
IJM Plantations
IOI Corp
Kuala Lumpur Kepong
Sime Darby
Sector
PORT
Westports
Sector
Company
Share Price (RM)

30 Jun 16
29 Jul 16
-------------- % Change -------------mom

yoy
ytd
PROPERTY
Eco World
Mah Sing
MRCB
SP Setia
Sunsuria
Sunway Bhd
UEM Sunrise
Sector
1.27
1.47
1.06
2.90
0.83
3.00
1.03
1.29
1.62
1.17
3.07
0.85
2.93
1.04
1.6
10.2
10.4
5.9
1.8
(2.3)
1.0
3.8
(16.8)
11.7
10.7
8.7
(9.1)
(5.4)
8.3
5.2
(12.2)
11.7
(6.6)
2.3
(6.6)
(3.0)
(5.7)
(0.4)
REITs
Axis REIT
CMMT
IGB REIT
KLCC Property
Pavilion REIT
Sunway REIT
Sector
1.70
1.51
1.61
7.48
1.73
1.66
1.77
1.51
1.64
7.50
1.85
1.67
4.1
0.1
1.9
0.3
6.9
0.6
1.8
8.4
16.5
28.9
11.1
26.0
13.6
16.7
10.7
15.6
25.7
9.0
22.5
18.1
15.5
TECHNOGOLY
JCY International
Sector
0.60
0.60
(0.8)
(0.8)
(12.0)
(12.0)
(27.8)
(27.8)
TELECOMMUNICATIONS
Axiata
DiGi
Maxis
Telekom Malaysia
Sector
5.63
4.78
5.89
6.77
5.69
4.96
6.02
6.83
1.1
3.8
2.2
0.9
2.0
(7.5)
(4.2)
(6.8)
7.7
(4.3)
(9.3)
(6.2)
(9.9)
2.6
(7.0)
2.38
1.60
14.10
2.40
1.61
14.38
0.8
0.6
2.0
1.8
0.1
(4.6)
20.5
17.0
2.1
1.8
8.7
7.9
0.7
(0.7)
(0.1)
UTILITY
Gas Malaysia
Malakoff
Tenaga Nasional
Sector
OVERALL
11
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Automobile
(31 Dec 15=100)

105
Aviation
(31 Dec 15=100)

150
100
FBMKLCI
140
95
Banking
(31 Dec 15=100)

108
106
Av iation
Banking
104
130
90
102
120
85
100
Automobile
110
80
100
75
96
FBMKLCI
70
90
Jan
Feb
(31 Dec 15=100)

108
Mar
Apr
May
Jun
Jul
Conglomerate
94
Jan
Feb
Mar
Apr
Jun
Jul
106
Jan
Feb
Mar
Apr
May
Jun
Jul
Jul
Jun
Jul
Consumer
FBMKLCI
98
96
94
94
Jun
100
FBMKLCI
96
FBMKLCI
May
102
98
96
Apr
Consumer
104
100
98
Mar
108
102
100
Feb
110
Construction
104
102
Jan
(31 Dec 15=100)

112
108
106
104
May
Construction
(31 Dec 15=100)

110
Conglomerate
106
FBMKLCI
98
94
Jan
Feb
Mar
Apr
May
Jun
Jul
Jan
Feb
Mar
Apr
May
12
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Exchange
(31 Dec 15=100)

110
Gaming
(31 Dec 15=100)

120
(31 Dec 15=100)

105
Ex change
108
106
95
Gaming
110
102
90
105
100
98
85
80
100
FBMKLCI
FBMKLCI
75
95
96
94
70
90
Jan
Feb
Mar
Apr
May
Jun
Healthcare
(31 Dec 15=100)

106
Feb
Mar
Apr
May
Jun
Jul
Insurance
(31 Dec 15=100)

114
102
Mar
Apr
May
Jun
Jul
Manufacturing
Insurance
102
102
100
FBMKLCI
98
96
98
94
94
Apr
May
Jun
FBMKLCI
96
FBMKLCI
Mar
106
104
100
98
Manufacturing
108
106
Feb
Feb
110
110
Jan
Jan
(31 Dec 15=100)

112
Healthcare
104
Glov e Manufacturing
65
Jan
Jul
FBMKLCI
100
115
104
Glove Manufacturing
Jul
94
Jan
Feb
Mar
Apr
May
Jun
Jul
Jan
Feb
Mar
Apr
May
Jun
Jul
13
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Media
(31 Dec 15=100)

112
Oil & Gas - Heavy Engineering
Media
108
104
Oil & Gas - Offshore Asset Owners
(31 Dec 15=100)

106
(31 Dec 15=100)

105
104
100
102
95
100
90
98
85
FBMKLCI
100
96
96
FBMKLCI
80
FBMKLCI
92
94
88
92
Jan
Feb
Mar
Apr
May
Jun
Jul
(31 Dec 15=100)

110
FBMKLCI
100
70
Jan
Feb
(31 Dec 15=100)

105
105
95
Oil & Gas - Offshore Asset Ow ners
75
Oil & Gas - Heav y Engineering

Mar
Apr
May
Jun
Jul
100
Jan
Feb
Mar
May
Jun
Jul
Jun
Jul
Plantation
(31 Dec 15=100)

108
106
FBMKLCI
Apr
Plantation
104
95
102
90
90
85
100
80
85
75
80
70
65
96
75
Jan
Feb
Mar
Apr
May
Jun
Jul
FBMKLCI
98
94
Jan
Feb
Mar
Apr
May
Jun
Jul
Jan
Feb
Mar
Apr
May
14
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Port
(31 Dec 15=100)

112
110
101
108
106
Property
(31 Dec 15=100)

103
REITs
(31 Dec 15=100)

120
115
FBMKLCI
99
Port
104
97
110
100
95
105
98
93
REITs
102
96
94
100
91
FBMKLCI
92
Property
FBMKLCI
89
Jan
Feb
Mar
Apr
May
Jun
Jul
Technology
(31 Dec 15=100)

105
100
95
Jan
Feb
Mar
Apr
May
Jun
Telecommunications
(31 Dec 15=100)

103
95
95
104
93
102
85
91
100
80
89
Technology
83
Jan
Feb
Mar
Apr
May
Jun
Jul
Jun
Jul
Utility
FBMKLCI
96
85
70
May
Utility
98
Telecommunications
87
75
Apr
106
97
90
Mar
108
FBMKLCI
99
Feb
(31 Dec 15=100)

110
101
FBMKLCI
Jan
Jul
94
Jan
Feb
Mar
Apr
May
Jun
Jul
Jan
Feb
Mar
Apr
May
Jun
Jul
15
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
AGRICULTURE
Genting Plantations 2019
Muar Ban Lee Group 2022
2.68
0.365
7.75
0.80
10.54
0.96
10.43
1.17
(1.0)
21.4
AVIATION
AirAsia X 2020
0.295
0.46
0.40
0.76
BUILDING MATERIAL
BTM Resources 2019
BTM Resources 2024
DPS Resource 2018
Harvest Court 2019
Harvest Court 2023
Lion Corp 2019
0.065
0.11
0.035
0.05
0.055
0.005
0.94
0.20
0.54
0.25
0.25
1.00
0.205
0.205
0.09
0.21
0.21
0.02
CONSTRUCTION
Ahmad Zaki Resources 2024
Fajarbaru Builder 2019
Gamuda 2021
Jetson 2019
Kimlun 2024
Kumpulan Europlus 2016
Pesona Metro 2020
Resintech 2016
TMC Life 2019
TRC Synergy 2017
Unimech 2018
WCT Holdings 2017
WCT Holdings 2020
Zecon 2017
0.30
0.17
1.17
0.075
0.68
0.005
0.135
0.025
0.255
0.095
0.09
0.185
0.185
0.045
0.70
0.70
4.05
0.75
1.68
1.18
0.25
0.50
0.75
1.00
1.50
2.05
2.08
1.06
0.64
0.535
4.82
0.22
1.78
0.92
0.37
0.42
0.88
0.445
1.15
1.56
1.56
0.585
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
3.9
2.6
3.20
0.39
1.50
0.155
139.2
46.0
2.9
6.3
17/06/19
28/11/22
88.8
1.4
0.34
0.035
888.9
3.9
08/06/20
1.01
0.31
0.58
0.30
0.31
1.01
390.2
51.2
538.9
42.9
45.2
4925.0
3.2
1.9
2.6
4.2
3.8
4.0
0.285
0.33
0.065
0.105
0.12
0.065
0.04
0.08
0.015
0.04
0.04
0.005
18.6
32.6
66.0
80.7
33.2
36.7
3.4
8.2
1.4
3.3
7.1
2.7
20/12/19
23/10/24
03/01/18
19/11/19
25/08/23
14/04/19
1.00
0.87
5.22
0.83
2.36
1.19
0.39
0.53
1.01
1.10
1.59
2.24
2.27
1.11
56.3
62.6
8.3
275.0
32.6
28.8
4.1
25.0
14.2
146.1
38.3
43.3
45.2
88.9
2.1
3.1
4.1
2.9
2.6
184.0
2.7
16.8
3.5
4.7
12.8
8.4
8.4
13.0
0.38
0.23
1.28
0.15
0.865
0.25
0.30
0.15
0.285
0.17
0.25
0.29
0.28
0.235
0.15
0.06
0.805
0.065
0.26
0.005
0.12
0.015
0.105
0.025
0.09
0.10
0.13
0.03
103.3
109.6
401.0
34.2
60.1
214.9
255.1
68.6
866.4
36.9
60.4
164.8
236.6
44.2
7.8
3.1
4.6
2.5
8.3
0.1
3.5
0.2
2.9
0.5
2.1
1.4
4.1
0.6
13/05/24
24/09/19
06/03/21
06/02/19
03/12/24
26/08/16
27/01/20
26/09/16
21/06/19
20/01/17
18/09/18
11/12/17
27/08/20
05/03/17
16
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
CONSUMER
Asia Media 2018
Berjaya Food 2017
CAB Cakaran 2020
Careplus Group 2016
China Stationery 2017
D'Nonce 2020
Farm's Best 2018
Fiamma 2018
Hovid 2018
GPA Holdings 2025
Kanger International 2020
Kuantan Flour 2016
Niche Capital 2017
Malayan Flour 2017
Maxwell 2020
Multi Sports 2017
Oriental Media 2019
Prolexus 2021
PWF Consolidated 2021
Red Sena
Signature International 2021
Spring Gallery 2021
Spritzer 2016
Saudee 2021
O&C Resources 2016
O&C Resources 2021
Tek Seng 2020
Teo Seng Capital 2020
Tomypak 2021
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.025
1.08
1.09
0.005
0.01
0.075
0.145
1.45
0.22
0.035
0.215
0.005
0.09
0.25
0.005
0.01
0.125
0.48
0.27
0.065
0.30
0.105
1.22
0.10
0.055
0.095
1.08
0.385
0.44
1.10
0.70
0.55
0.32
1.15
0.25
1.00
1.00
0.18
0.10
0.10
0.51
0.16
2.06
0.40
0.18
0.10
1.20
0.62
0.50
0.97
0.60
1.18
0.50
0.35
0.50
0.25
1.35
2.29
0.15
1.67
1.68
0.315
0.08
0.22
0.68
0.565
0.40
0.095
0.305
0.085
0.03
1.49
0.02
0.035
0.20
1.48
0.70
0.405
1.0
0.59
2.45
0.305
0.405
0.405
1.34
1.19
1.76
1.13
1.78
1.64
0.33
1.16
0.33
1.15
2.45
0.40
0.14
0.32
0.52
0.25
2.31
0.41
0.19
0.23
1.68
0.89
0.57
1.27
0.71
2.40
0.60
0.41
0.60
1.33
1.74
2.73
Warrant
Premium
Gearing
(%)
(x)
650.0
6.6
(2.4)
3.2
1350.0
47.7
68.4
333.6
0.0
42.1
3.3
505.9
733.3
55.0
1925.0
442.9
12.5
13.5
27.1
39.5
27.0
19.5
(2.0)
96.7
(0.0)
46.9
(0.7)
45.8
55.1
6.0
1.5
1.5
63.0
8.0
2.9
4.7
0.4
1.8
2.7
1.4
17.0
0.3
6.0
4.0
3.5
1.6
3.1
2.6
6.2
3.3
5.6
2.0
3.1
7.4
4.3
1.2
3.1
4.0
Warrant 52-Week
High
Low
(RM)
(RM)
0.04
1.78
1.33
0.285
0.045
0.11
0.285
1.60
0.315
0.05
0.245
0.04
0.20
0.295
0.025
0.03
0.17
0.54
0.295
0.115
0.465
0.33
1.55
0.15
0.205
0.11
1.15
0.81
0.46
0.005
1.08
0.41
0.005
0.005
0.065
0.085
1.35
0.19
0.025
0.03
0.005
0.08
0.10
0.005
0.005
0.05
0.405
0.235
0.065
0.27
0.095
0.62
0.06
0.035
0.09
0.15
0.36
0.305
Issue
Size
(m)
Years
To Run
Expiry
82.4
115.1
65.8
150.5
596.3
90.2
27.8
52.4
381.0
490.2
258.0
37.2
53.1
107.6
199.4
258.8
320.2
56.8
46.8
1,000.0
59.1
522.5
32.7
45.0
56.4
66.1
120.0
50.0
54.7
1.4
1.0
3.5
0.0
1.1
4.3
2.0
2.3
1.8
8.8
3.7
0.2
1.0
0.8
3.6
1.3
2.5
4.9
5.0
7.4
4.7
4.7
0.4
0.4
0.1
5.0
3.5
3.5
4.9
01/01/18
08/08/17
08/02/20
09/08/16
18/09/17
25/11/20
14/07/18
26/11/18
05/06/18
03/06/25
13/04/20
19/10/16
09/08/17
09/05/17
24/03/20
09/11/17
18/01/19
14/06/21
20/07/21
10/12/23
21/04/21
07/04/21
13/12/16
13/12/16
04/09/16
24/07/21
29/01/20
29/01/20
21/06/21
17
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
TPC Plus 2021

Voir Holding 2024
Xidelang Holding 2017
Xidelang Holding 2018
Xinghe Holdings 2019
Xingquan Internatinal 2019
Xingquan Internatinal 2021
Voir Holdings 2024
0.25
0.27
0.005
0.01
0.01
0.015
0.04
0.27
0.20
0.50
0.06
0.04
0.10
1.00
0.40
0.50
0.435
0.65
0.04
0.04
0.035
0.145
0.145
0.65
0.45
0.77
0.07
0.05
0.11
1.02
0.44
0.77
3.4
18.5
62.5
25.0
214.3
600.0
203.4
18.5
1.7
2.4
8.0
4.0
3.5
9.7
3.6
2.4
0.33
0.32
0.03
0.09
0.025
0.075
0.095
0.32
FINANCE
BIMB 2023
0.31
4.72
4.04
5.03
24.5
13.0
GAMING
Genting Bhd 2018
1.65
7.96
8.22
9.61
16.9
INDUSTRIAL
AE Multi 2019
Asia Poly 2020
Astral Supreme 2016
Astral Supreme 2018
Atta Global 2022
Atta Global 2024
BHS Industries 2020
Bintai Kinden 2020
Bright Packaging 2019
Boon Koon Group 2023
CB Industrial 2019
China Automobile Parts 2016
Destini 2016
Dolphin 2021
0.05
0.135
0.005
0.025
0.095
0.095
0.135
0.105
0.07
0.045
0.365
0.005
0.185
0.125
0.25
0.10
0.20
0.20
1.00
1.00
0.60
0.20
0.82
0.20
2.40
0.35
0.40
0.80
0.15
0.21
0.125
0.125
0.49
0.49
0.42
0.195
0.31
0.11
1.95
0.03
0.60
0.55
0.30
0.24
0.21
0.23
1.10
1.10
0.74
0.31
0.89
0.25
2.77
0.36
0.59
0.93
100.0
11.9
64.0
80.0
123.5
123.5
75.0
56.4
187.1
122.7
41.8
1083.3
(2.5)
68.2
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
0.15
0.08
0.005
0.01
0.005
0.015
0.04
0.08
80.0
60.0
363.0
881.2
1,174.3
169.0
49.0
60.0
4.5
7.7
0.5
1.5
2.6
3.1
4.7
7.7
19/01/21
31/03/24
22/01/17
07/02/18
22/03/19
24/09/19
28/03/21
31/03/24
0.435
0.225
426.7
7.3
04/12/23
5.0
2.38
0.53
764.2
2.4
18/12/18
3.0
1.6
25.0
5.0
5.2
5.2
3.1
1.9
4.4
2.4
5.3
6.0
3.2
4.4
0.075
0.175
0.035
0.05
0.18
0.18
0.21
0.28
0.185
0.065
0.505
0.045
0.235
0.255
0.03
0.095
0.005
0.025
0.095
0.095
0.08
0.09
0.06
0.035
0.255
0.005
0.125
0.12
65.9
58.6
39.9
70.4
21.4
10.7
198.3
100.7
57.7
138.4
88.4
300.0
242.0
55.5
3.4
4.4
0.0
1.9
5.8
8.3
4.2
3.9
2.4
6.9
3.3
0.4
0.2
4.7
17/12/19
13/12/20
08/08/16
20/06/18
09/05/22
18/11/24
18/10/20
15/06/20
12/01/19
07/07/23
06/11/19
29/12/16
02/10/16
29/03/21
18
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Dominant 2020
EG Industries 2020
Ewein 2017
Furniweb Industrial 2019
Fututech 2017
GBH 2020
AbleGroup 2017
Hap Seng Conso 2016
Heveaboard 2020
Homeritz 2020
Hiap Teck 2017
Hiap Teck 2021
Inari 2018
Inari 2020
Ire-tex Corporation 100619
Johore Tin 2017
KBB Resources 2019
Leweko Resources 2020
Luster Industries 2022
Luster Industries 2023
MBM Resources 2017
Mclean Technology 2020
ML Global 2019
Muar Ban Lee 2022
OCK Group 2020
Pensonic 2024
Perwaja 2022
Poh Huat 2022
Press Metal 2019
Ralco 2019
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.24
0.525
0.265
0.40
1.43
0.37
0.015
6.0
0.91
0.34
0.055
0.095
2.80
1.58
0.04
0.47
0.025
0.055
0.035
0.04
0.145
0.06
0.235
0.365
0.255
0.255
0.025
0.625
3.05
0.085
1.30
0.50
0.61
0.75
1.00
1.00
0.15
1.65
0.25
0.92
0.69
0.50
0.264
1.60
0.80
2.28
0.20
0.20
0.10
0.10
3.20
0.25
0.50
0.80
0.71
0.60
1.00
1.00
1.10
1.00
1.13
0.84
0.895
1.11
2.29
1.40
0.095
7.75
1.18
0.885
0.285
0.285
3.10
3.10
0.24
2.19
0.07
0.12
0.07
0.07
2.38
0.18
0.62
0.96
0.83
0.675
0.115
1.49
4.17
0.84
1.54
1.03
0.88
1.15
2.43
1.37
0.17
7.65
1.16
1.26
0.75
0.60
3.06
3.18
0.84
2.75
0.23
0.26
0.14
0.14
3.35
0.31
0.74
1.17
0.97
0.86
1.03
1.63
4.15
1.09
Warrant
Premium
Gearing
(%)
(x)
36.3
22.0
(2.2)
3.6
6.1
(2.1)
73.7
(1.3)
(1.7)
42.4
161.4
108.8
(1.2)
2.6
250.0
25.6
221.4
112.5
92.9
100.0
40.5
72.2
18.5
21.4
16.3
26.7
791.3
9.1
(0.5)
29.2
4.7
1.6
3.4
2.8
1.6
3.8
6.3
1.3
1.3
2.6
5.2
3.0
1.1
2.0
6.0
4.7
2.8
2.2
2.0
1.8
16.4
3.0
2.6
2.6
3.3
2.6
4.6
2.4
1.4
9.9
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
0.42
0.815
0.86
0.435
1.55
0.50
0.085
6.20
1.51
0.595
0.255
0.115
4.45
2.82
0.09
0.935
0.065
0.15
0.045
0.045
0.365
0.105
0.36
0.39
0.265
0.31
0.04
1.11
3.14
0.17
45.8
57.6
33.8
54.3
23.5
61.9
21.8
364.4
159.8
50.0
159.4
285.2
21.1
65.6
58.8
23.3
120.0
100.2
441.6
216.0
73.2
28.2
26.7
46.0
264.1
64.8
280.0
53.4
145.7
20.3
4.1
4.3
0.9
2.9
1.4
3.7
0.5
0.0
3.6
4.1
0.4
4.9
1.8
3.5
2.9
1.3
2.5
4.1
5.8
6.8
0.9
4.2
3.2
6.3
4.4
7.5
5.6
4.2
3.1
3.4
10/09/20
03/11/20
10/06/17
06/07/19
20/12/17
07/04/20
19/01/17
09/08/16
28/02/20
07/09/20
09/01/17
23/06/21
04/06/18
17/02/20
10/06/19
21/11/17
22/01/19
08/09/20
03/06/22
26/05/23
14/06/17
07/10/20
27/10/19
28/11/22
15/12/20
20/01/24
28/02/22
21/10/20
22/08/19
13/12/19
0.20
0.39
0.22
0.16
0.35
0.34
0.01
3.47
0.625
0.30
0.025
0.065
2.37
1.02
0.02
0.12
0.02
0.055
0.025
0.025
0.035
0.05
0.115
0.155
0.15
0.13
0.015
0.615
0.705
0.07
19
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Rapid Synergy 2017

Sanichi Technology 2018
Seacera Group 2017
Seacera Group 2019
Sersol 2023
Scope Industries 2020
SKP Resources 2017
Solid Automotive 2020
Stone Master 2020
SYF Resources 2019
Thong Guan 2019
Toyo Ink 2018
VS Industry 2019
WZ Satu 2024
4.67
0.04
0.03
0.03
0.255
0.28
0.085
0.09
0.575
0.75
0.125
0.19
2.82
0.045
0.285
0.615
1.00
0.21
0.21
0.10
1.00
1.00
0.18
0.15
0.65
0.50
0.30
0.70
1.50
1.50
1.65
0.50
5.86
0.085
0.085
0.085
0.855
0.855
0.125
0.135
1.21
1.30
0.32
0.56
4.15
0.57
1.32
1.13
5.67
0.25
0.24
0.13
1.26
1.28
0.27
0.24
1.23
1.25
0.43
0.89
4.32
1.55
1.94
1.12
(3.2)
194.1
182.4
52.9
46.8
49.7
112.0
77.8
1.2
(3.8)
32.8
58.9
4.1
171.1
46.6
(1.3)
OIL & GAS

Dialog 2017
Kejuruteraan Samudra 2018
KNM Group 2017
Reach Energy 2022
Sona Petroleum 2018
Sumatec 2021
Sumatec 2018
0.325
0.11
0.065
0.025
0.005
0.06
0.045
1.19
0.30
1.00
0.75
0.35
0.32
0.175
1.52
0.43
0.41
0.685
0.465
0.10
0.10
1.52
0.41
1.07
0.78
0.36
0.38
0.22
PROPERTY
Ecoworld 2022
Ekovest 2019
Gabungan Aqrs 2018
0.375
0.68
0.22
2.08
1.35
1.30
1.29
1.57
1.08
2.46
2.03
1.52
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
1.3
2.1
2.8
2.8
3.4
3.1
1.5
1.5
2.1
1.7
2.6
2.9
1.5
12.7
4.6
1.8
5.10
0.08
0.065
0.035
0.53
0.55
0.165
0.115
1.03
1.00
0.23
0.345
2.99
0.12
0.515
1.05
4.50
0.015
0.01
0.025
0.09
0.085
0.07
0.05
0.545
0.73
0.065
0.14
0.60
0.04
0.195
0.505
21.1
21.2
121.9
286.1
23.6
39.4
96.4
118.6
180.0
82.5
21.9
305.4
26.3
42.8
290.7
95.0
0.7
1.6
3.1
3.0
0.8
2.8
6.7
4.0
0.9
4.4
3.9
3.4
3.2
1.7
2.4
8.2
09/04/17
13/03/18
24/09/19
21/07/19
16/05/17
29/05/19
18/04/23
18/07/20
27/06/17
16/12/20
21/06/20
11/12/19
09/10/19
22/04/18
06/01/19
28/10/24
(0.3)
(4.7)
159.8
13.1
(23.7)
280.0
120.0
4.7
3.9
6.3
27.4
93.0
1.7
2.2
0.45
0.25
0.13
0.07
0.12
0.11
0.105
0.255
0.11
0.06
0.02
0.005
0.055
0.04
198.4
71.5
488.9
1,277.8
1,410.7
118.8
567.7
0.5
1.4
1.3
6.0
2.0
4.6
2.3
12/02/17
01/01/18
15/11/17
12/08/22
29/07/18
03/03/21
13/11/18
90.3
29.3
40.7
3.4
2.3
4.9
0.545
0.84
0.285
0.34
0.18
0.085
525.4
122.2
160.0
5.7
2.9
2.0
26/03/22
25/06/19
20/07/18
20
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Global Oriental 2019

I-Berhad 2019
Ideal Sun City 2019
Ireka Corporation 2019
Ivory Properties 2017
Jiankun International 2021
KSL Holdings 2016
Karambunai Corp 2023
LBI Capital 2018
LBS Bina 2018
LBS Bina 2020
Mah Sing 2018
Mah Sing 2020
Meda Inc 2021
Meda Inc 2022
Meda Inc 2024
Menang 2019
MKH Bhd 2017
MRCB 2018
PJ Development 2020
Prinsiptek 2019
Thriven Global 2020
Tiger Synery 2018
Tiger Synery 2021
See Hup 2017
Sentoria Group 2019
Sunsuria 2020
Sunway Bhd 2016
Symphony Life 2020
Tambun Indah 2017
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.145
0.17
0.30
0.12
0.08
0.07
0.29
0.015
0.33
0.60
0.39
0.23
0.145
0.035
0.145
0.03
0.27
0.99
0.125
0.37
0.065
0.03
0.01
0.015
0.35
0.52
0.15
0.635
0.16
0.805
0.80
1.41
0.10
1.00
0.75
0.32
0.80
0.131
1.00
1.00
1.25
1.44
2.10
0.50
0.60
0.80
1.00
1.89
2.30
1.00
0.10
0.64
0.17
0.08
1.00
0.60
1.50
2.25
1.10
0.60
0.41
0.53
0.405
0.54
0.425
0.24
1.13
0.055
1.37
1.62
1.62
1.62
1.62
0.51
0.51
0.51
0.82
2.64
1.17
1.25
0.125
0.08
0.045
0.045
1.13
0.85
0.845
2.93
0.695
1.43
0.95
1.58
0.40
1.12
0.83
0.39
1.09
0.15
1.33
1.60
1.64
1.67
2.25
0.54
0.75
0.83
1.27
2.88
2.43
1.37
0.17
0.67
0.18
0.10
1.35
1.12
1.65
2.89
1.26
1.41
Warrant
Premium
Gearing
(%)
(x)
130.5
198.1
(1.2)
107.4
95.3
62.5
(3.5)
165.5
(2.9)
(1.2)
1.2
3.1
38.6
4.9
46.1
62.7
54.9
9.1
107.3
9.6
32.0
737.5
300.0
111.1
19.5
31.8
95.3
(1.5)
81.3
(1.7)
2.8
3.1
1.4
4.5
5.3
3.4
3.9
3.7
4.2
2.7
4.2
7.0
11.2
14.6
3.5
17.0
3.0
2.7
9.4
3.4
1.9
2.7
4.5
3.0
3.2
1.6
5.6
4.6
4.3
1.8
Warrant 52-Week
High
Low
(RM)
(RM)
0.265
0.32
0.46
0.225
0.15
0.10
0.90
0.025
0.64
0.62
0.45
0.255
0.20
0.11
0.23
0.075
0.405
1.26
0.24
0.60
0.11
0.06
0.03
0.03
0.37
0.54
0.30
1.08
0.275
1.06
0.12
0.155
0.245
0.11
0.03
0.05
0.255
0.01
0.26
0.30
0.215
0.13
0.10
0.025
0.10
0.025
0.13
0.50
0.075
0.33
0.055
0.005
0.005
0.015
0.23
0.165
0.145
0.62
0.155
0.48
Issue
Size
(m)
Years
To Run
Expiry
113.7
57.2
59.0
57.0
186.0
75.6
183.0
1,015.0
31.2
154.1
136.4
186.2
166.1
53.6
114.0
48.4
133.5
29.1
537.9
213.8
126.8
188.3
387.1
193.6
20.4
88.0
158.4
289.7
107.4
44.2
3.4
3.2
2.7
2.9
0.7
5.4
0.0
7.2
1.7
1.9
4.3
1.6
3.6
5.0
5.7
8.1
2.9
1.4
2.1
4.3
3.3
4.3
2.4
4.5
1.4
2.7
4.0
0.0
4.3
0.8
24/12/19
08/10/19
29/04/19
25/06/19
26/04/17
23/12/21
19/08/16
20/10/23
17/04/18
11/06/18
04/11/20
16/03/18
21/02/20
13/08/21
23/04/22
24/08/24
09/07/19
30/12/17
16/09/18
04/12/20
16/11/19
05/11/20
23/12/18
11/02/21
22/12/17
15/04/19
22/07/20
17/08/16
11/11/20
30/05/17
21
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Tropicana Corp 2019

Y&G Corp 2019
YKGI Holdings 2020
0.315
0.26
0.06
1.00
1.00
0.50
1.06
0.94
0.185
1.32
1.26
0.56
24.1
34.0
202.7
SERVICES
AHB Holdings
APFT 2018
Berjaya Corp 2022
Berjaya Corp 2026
Berjaya Media 2016
Borneo Oil 2018
Ecofirst Consolidated 2019
Eduspec 2018
Engtex 2017
Federal Furniture 2017
Fitters Diversified 2019
Freight Management 2017
Flonic Hi-Tec 2017
Flonic Hi-Tec 2019
FSBM Holdings 2022
GD Express 2020
Gunung Capital 2020
Harbour-link 2021
Ho Wah Genting 2021
Ho Wah Genting 2021
Ho Wah Genting 2021
Hubline 2020
Insas 2020
JAG 2019
Mega Frist Corp 2020
0.115
0.025
0.13
0.13
0.01
0.115
0.12
0.125
0.36
0.30
0.105
0.18
0.01
0.015
0.05
0.49
0.11
0.325
0.045
0.03
0.005
0.005
0.17
0.10
0.43
0.20
0.40
1.00
1.00
1.00
0.10
0.30
0.18
1.25
0.50
1.00
0.97
0.05
0.05
0.30
1.53
0.40
1.56
0.18
0.08
0.16
0.01
1.00
0.10
2.22
0.21
0.05
0.35
0.35
0.395
0.185
0.27
0.25
1.21
0.86
0.44
1.18
0.045
0.045
0.21
1.52
0.415
1.05
0.065
0.065
0.01
0.01
0.65
0.10
1.84
0.32
0.43
1.13
1.13
1.01
0.22
0.42
0.31
1.61
0.80
1.11
1.15
0.06
0.07
0.35
2.02
0.51
1.89
0.23
0.11
0.17
0.02
1.17
0.20
2.65
50.0
750.0
222.9
222.9
155.7
16.2
55.6
22.0
33.1
(7.0)
151.1
(2.5)
33.3
44.4
66.7
32.9
22.9
79.5
246.2
69.2
1550.0
50.0
80.0
100.0
44.0
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
3.4
3.6
3.1
0.39
0.80
0.11
0.195
0.26
0.025
129.8
47.7
95.0
3.3
3.3
3.8
19/11/19
16/11/19
28/05/20
1.8
2.0
2.7
2.7
39.5
1.6
2.3
2.0
3.4
2.9
4.2
6.6
4.5
3.0
4.2
3.1
3.8
3.2
1.4
2.2
2.0
2.0
3.8
1.0
4.3
0.15
0.095
0.16
0.165
0.06
0.50
0.20
0.24
0.625
0.675
0.195
0.59
0.025
0.025
0.095
0.63
0.18
0.46
0.075
0.03
0.01
0.01
0.27
0.145
0.465
0.06
0.015
0.095
0.10
0.005
0.06
0.08
0.12
0.30
0.06
0.09
0.15
0.005
0.01
0.04
0.20
0.06
0.17
0.005
0.02
0.005
0.005
0.15
0.085
0.305
71.1
78.5
700.1
706.5
56.3
38.3
201.0
99.0
99.0
31.6
137.2
24.3
133.7
266.3
59.1
179.2
62.9
36.4
12.9
244.9
362.8
2,900.6
265.2
324.9
67.3
3.1
1.9
5.7
9.7
0.4
1.6
3.1
2.4
1.2
0.7
3.2
0.4
0.9
3.3
5.8
3.5
4.2
4.7
0.1
4.6
2.7
4.4
3.6
3.0
3.7
28/08/19
13/07/18
22/04/22
29/04/26
18/12/16
28/02/18
10/09/19
24/12/18
25/10/17
30/03/17
12/10/19
08/01/17
18/06/17
06/11/19
16/05/22
11/02/20
04/10/20
03/04/21
22/09/16
15/03/21
11/04/19
20/12/20
25/02/20
14/08/19
08/04/20
22
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Ni Hsin 2018
Pantech 2020
Puncak 2020
Taliwroks Corp 111118
Tiong Nam Logistics 2018
Yong Tai 2020
0.09
0.17
0.50
0.185
0.665
0.67
0.60
0.60
1.00
1.70
1.00
0.50
0.265
0.575
1.06
1.44
1.59
1.07
0.69
0.77
1.50
1.89
1.67
1.17
160.4
33.9
41.5
30.9
4.7
9.3
TECHNOLOGY
AppAsia 2024
Asdion 2019
Asia Bioenergy 2024
AT Systematizatin 2019
Censof 2017
Censof 2019
Connectcounty Holdings 2021
Connectcounty Holdings 2021
Cuscapi 2018
Digistar 2017
Digistar 2023
DVM Technology 2018
EA Holdings 2019
EA Holdings 2019
Ewein 2017
Excel Force 2019
Fast Track 2017
Focus Dynamics 2019
Formis Resources 2018
Green Ocean 2019
Ideal 2021
Idimension 2020
0.09
0.105
0.02
0.03
0.045
0.065
0.05
0.04
0.04
0.035
0.045
0.01
0.035
0.035
0.265
1.14
0.055
0.05
0.12
0.04
0.30
0.02
0.13
0.50
0.10
0.12
0.46
0.46
0.10
0.10
0.27
0.13
0.26
0.10
0.12
0.10
1.00
0.68
0.12
0.05
0.50
0.34
1.00
0.10
0.13
0.29
0.045
0.05
0.21
0.21
0.09
0.09
0.12
0.16
0.16
0.045
0.075
0.075
0.895
1.59
0.095
0.06
0.52
0.10
0.405
0.06
0.22
0.61
0.12
0.15
0.51
0.53
0.15
0.14
0.31
0.17
0.31
0.11
0.16
0.14
1.27
1.82
0.18
0.10
0.62
0.38
1.30
0.12
69.2
108.6
166.7
200.0
140.5
150.0
66.7
55.6
158.3
3.1
90.6
144.4
106.7
80.0
41.3
14.5
84.2
66.7
19.2
280.0
221.0
100.0
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
2.9
3.4
2.1
7.8
2.4
1.6
0.17
0.335
2.02
0.56
0.765
0.885
0.075
0.16
0.31
0.17
0.30
0.25
115.5
74.8
74.8
241.9
210.3
40.1
1.5
4.4
4.4
2.3
2.4
3.9
11/02/18
21/12/20
21/12/20
11/11/18
26/12/18
24/06/20
1.4
2.8
2.3
1.7
4.7
3.2
1.8
2.3
3.0
4.6
3.6
4.5
2.1
2.1
3.4
1.4
1.7
1.2
4.3
2.5
1.4
3.0
0.13
0.595
0.035
0.05
0.15
0.17
0.20
0.055
0.08
0.105
0.09
0.025
0.09
0.09
0.86
1.48
0.08
0.055
0.25
0.10
0.46
0.05
0.05
0.095
0.015
0.02
0.025
0.05
0.04
0.035
0.02
0.03
0.045
0.01
0.02
0.025
0.22
0.25
0.015
0.03
0.06
0.02
0.245
0.015
139.0
52.2
420.2
196.8
29.5
111.4
59.6
43.2
123.2
101.8
74.0
290.4
122.8
212.6
52.7
103.4
102.5
235.2
83.1
65.8
55.2
247.5
8.4
2.6
7.7
2.5
1.0
3.2
5.1
4.8
1.7
0.5
6.7
1.9
1.8
1.8
1.2
3.0
1.3
3.3
1.8
3.0
4.7
4.0
23/12/24
24/03/19
19/04/24
28/01/19
18/07/17
07/10/19
18/09/21
07/06/21
24/04/18
07/02/17
04/04/23
02/07/18
24/02/19
18/06/19
06/10/17
17/07/19
01/12/17
06/11/19
30/05/18
07/08/19
30/03/21
14/07/20
23
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Inix Technologies 2020
0.015
0.10
0.055
0.12
109.1
3.7
0.04
0.01
208.6
4.3
16/11/20
Instacom Group 2018
0.17
0.24
0.275
0.41
49.1
1.6
0.24
0.015
500.9
2.1
08/09/18
17/08/20
Instacom Group 2020
0.19
0.10
0.275
0.29
5.5
1.4
0.285
0.03
200.4
4.0
Matrix Concepts 2020
0.415
2.40
2.53
2.82
11.3
6.1
0.60
0.30
77.3
4.0
20/07/20
Media Shoppe 2017
0.01
0.10
0.07
0.11
57.1
7.0
0.05
0.005
234.5
0.5
16/01/17
Mexter Technology 2018
0.155
0.13
0.25
0.29
14.0
1.6
0.185
0.01
89.5
2.1
17/09/18
MLabs Systems 2020
0.045
0.10
0.085
0.15
70.6
1.9
0.10
0.02
77.2
3.7
26/04/20
Mtouche 2018
0.035
0.89
0.10
0.93
825.0
2.9
0.09
0.02
45.4
1.5
17/01/18
Mtouche 2020
0.035
0.27
0.10
0.31
205.0
2.9
0.09
0.02
53.3
3.6
16/03/20
Nexgram Holdings 2022
0.025
0.10
0.05
0.13
150.0
2.0
0.045
0.02
335.4
5.8
16/05/22
0.015
0.26
0.05
0.28
450.0
3.3
0.03
0.01
160.0
7.0
22/07/23
0.025
0.10
0.05
0.13
150.0
2.0
0.05
0.02
281.7
7.5
15/01/24
Netx Holdings 2019
0.015
0.05
0.03
0.07
116.7
2.0
0.03
0.015
625.6
2.9
08/06/19
N2N Connect 2018
0.445
0.32
0.85
0.77
(10.0)
1.9
0.655
0.23
99.9
2.0
04/08/18
Palette Multimedia 2018
0.045
0.10
0.07
0.15
107.1
1.6
0.095
0.01
145.3
1.6
20/03/18
R&A Telecommunication 2017
0.005
0.17
0.01
0.18
1650.0
2.0
0.01
0.005
87.9
0.6
22/03/17
SMR Technologies 2017
0.05
0.18
0.16
0.23
43.8
3.2
0.255
0.05
86.0
1.0
01/08/17
Silver Ridge Holdings 2023
0.05
0.18
0.09
0.23
155.6
1.8
0.09
0.04
55.0
6.6
24/02/23
Solution Engineering 040721
0.13
0.20
0.25
0.33
32.0
1.9
0.155
0.10
101.3
4.9
04/07/21
Sunzen Biotech 2019
0.12
0.10
0.23
0.22
(4.3)
1.9
0.37
0.12
61.5
2.7
14/04/19
Sunzen Biotech 2021
0.075
0.25
0.23
0.33
41.3
3.1
0.14
0.06
179.4
4.6
25/02/21
TFP Solutions 2019
0.10
0.10
0.135
0.20
48.1
1.4
0.115
0.04
100.9
5.0
16/02/19
Technodex 2018
0.085
0.11
0.155
0.20
25.8
1.8
0.10
0.045
85.2
2.1
22/09/18
Wintoni Group 2019
0.01
0.10
0.025
0.11
340.0
2.5
0.255
0.01
216.0
5.0
23/02/19
VisDynamics 2015
0.005
0.25
0.205
0.26
24.4
41.0
0.105
0.005
50.3
0.1
01/09/16
XOX 2019
0.055
0.20
0.14
0.26
82.1
2.5
0.085
0.04
200.4
2.5
10/02/19
0.325
1.14
1.43
1.47
2.4
4.4
0.45
0.30
1,776.4
1.9
11/06/18
UTILITIES
YTL Power 2018
24
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
AEON Co 260117
0.10
3.00
2.71
3.30
21.8
9.0
0.10
0.10
40.0
0.5
26/01/17
3.00
AEON Co 310117
0.165
2.65
2.71
2.90
6.9
10.9
0.285
0.12
50.0
0.5
31/01/17
1.50
Affin 300916
0.01
2.40
2.13
2.41
13.1
213.0
0.15
0.005
50.0
0.2
30/09/16
1.00
AirAsia 150816
0.43
1.50
2.93
2.92
(0.4)
2.1
0.45
0.06
50.0
0.0
15/08/16
3.30
AirAsia 300916
0.54
1.50
2.93
2.85
(2.7)
2.2
0.595
0.125
100.0
0.2
30/09/16
2.50
AirAsia 281016
0.565
1.28
2.93
2.98
1.5
1.7
0.565
0.085
100.0
0.2
28/10/16
3.00
AirAsia 281016
0.475
1.48
2.93
2.91
(0.9)
2.1
0.475
0.06
100.0
0.2
28/10/16
3.00
AirAsia 281016
0.37
2.10
2.93
3.03
3.2
3.2
0.385
0.11
35.0
0.2
28/10/16
2.50
AirAsia 301216
0.205
2.85
2.93
3.47
18.3
4.8
0.215
0.13
35.0
0.4
30/12/16
3.00
AirAsia 301216
0.325
2.45
2.93
3.26
11.3
3.6
0.345
0.23
35.0
0.4
30/12/16
2.50
AirAsia 310117
0.70
1.58
2.93
2.98
1.7
2.1
0.735
0.185
100.0
0.5
31/01/17
2.00
AirAsia 170217
0.37
2.00
2.93
2.74
(6.5)
4.0
0.38
0.19
100.0
0.5
31/01/17
2.00
AirAsia 280217
0.37
2.00
2.93
3.11
6.1
2.6
0.39
0.125
50.0
0.6
28/02/17
3.00
AirAsia 170317
0.255
2.70
2.93
3.47
18.3
3.8
0.27
0.235
100.0
0.6
17/03/17
3.00
AirAsia 280417
0.20
2.65
2.93
3.35
14.3
4.2
0.205
0.13
50.0
0.7
28/04/17
3.50
AirAsia X 301216
0.085
0.39
0.40
0.48
18.8
4.7
0.105
0.075
60.0
0.4
30/12/16
1.00
AirAsia X 301216
0.055
0.49
0.40
0.55
36.3
7.3
0.07
0.055
50.0
0.4
30/12/16
1.00
AirAsia X 100417
0.10
0.42
0.40
0.52
30.0
4.0
0.10
0.09
100.0
0.7
10/04/17
1.00
AMMB 220217
0.07
4.70
4.30
5.05
17.4
12.3
0.07
0.07
40.0
0.6
22/02/17
5.00
Alliance Financial 170217
0.15
4.90
3.98
5.50
38.2
6.6
n.a.
n.a.
100.0
0.5
17/02/17
4.00
Astro 310117
0.105
3.00
2.92
3.21
9.9
13.9
0.13
0.05
50.0
0.5
31/01/17
2.00
Astro 100417
0.15
3.10
2.92
3.55
21.6
6.5
n.a.
n.a.
100.0
0.7
10/04/17
3.00
Axiata 300916
0.15
6.20
5.69
6.85
20.3
8.8
0.13
0.07
25.0
0.2
30/09/16
4.30
Axiata 281016
0.035
6.50
5.69
6.61
16.1
54.2
0.125
0.015
100.0
0.2
28/10/16
3.00
Axiata 281116
0.15
6.33
5.69
7.01
23.1
8.4
n.a.
n.a.
40.0
0.3
28/11/16
4.50
Axiata 310117
0.105
5.85
5.69
6.17
8.3
18.1
0.15
0.04
50.0
0.5
31/01/17
3.00
Berjaya Auto 281116
0.085
2.03
2.34
2.36
0.8
7.1
0.10
0.07
40.0
0.3
28/11/16
3.87
Berjaya Auto 300117
0.175
2.35
2.34
2.74
16.9
6.1
0.175
0.165
15.0
0.5
31/01/17
2.20
Berjaya Auto 280217
0.19
2.13
2.34
2.50
6.7
6.4
0.19
0.135
50.0
0.6
28/02/17
1.93
25
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
Berjaya Corp 300816
0.01
0.43
0.35
0.44
26.6
26.9
0.06
0.01
80.0
0.1
30/08/16
1.30
Berjaya Corp 311016
0.025
0.37
0.35
0.40
12.9
14.0
0.105
0.02
50.0
0.2
31/10/16
1.00
BAT 280417
0.11
50.00
49.36
54.40
10.2
11.2
0.195
0.095
50.0
0.7
28/04/17
40.00
Bumi Armada 300816
0.005
1.00
0.745
1.01
35.6
74.5
0.13
0.005
50.0
0.1
30/08/16
2.00
Bumi Armada 300916
0.045
1.00
0.745
1.09
46.3
8.3
0.125
0.045
100.0
0.2
30/09/16
2.00
Bumi Armada 300916
0.015
0.95
0.745
0.98
31.5
24.8
0.05
0.015
40.0
0.2
30/09/16
2.00
Bumi Armada 071016
0.005
1.00
0.745
1.01
35.6
74.5
0.10
0.005
40.0
0.2
07/10/16
2.00
Bumi Armada 281116
0.03
0.88
0.745
0.96
28.2
9.9
0.155
0.02
100.0
0.3
28/11/16
2.50
Bumi Armada 281116
0.03
0.98
0.745
1.06
41.6
9.9
0.135
0.01
100.0
0.3
28/11/16
2.50
Bumi Armada 281116
0.025
1.08
0.745
1.13
51.7
14.9
0.045
0.025
100.0
0.3
28/11/16
2.00
Bumi Armada 281116
0.005
1.08
0.745
1.09
46.3
74.5
0.10
0.005
100.0
0.3
28/11/16
2.00
Bumi Armada 301116
0.055
0.80
0.745
0.89
19.9
8.0
0.075
0.045
50.0
0.3
30/11/16
1.70
Bumi Armada 220217
0.075
0.85
0.745
0.96
29.2
6.6
0.085
0.05
40.0
0.6
22/02/17
1.50
Bumi Armada 280217
0.08
0.80
0.745
0.88
18.1
9.3
0.135
0.055
50.0
0.6
28/02/17
1.00
Bumi Armada 310117
0.115
0.68
0.745
0.85
14.4
4.3
0.12
0.11
80.0
0.5
31/01/17
1.50
Bumi Armada 170317
0.15
0.72
0.745
0.95
26.8
3.3
n.a.
n.a.
100.0
0.6
17/03/17
1.50
Bursa Malaysia 310117
0.085
8.90
8.61
9.16
6.3
33.8
0.14
0.085
50.0
0.5
31/01/17
3.00
Bursa Malaysia 100417
0.15
9.00
8.61
9.60
11.5
14.4
n.a.
n.a.
100.0
0.7
10/04/17
4.00
Cahya Mata Sarawak 201016
0.02
5.56
3.60
5.68
57.8
30.0
0.055
0.02
100.0
0.2
20/10/16
6.00
0.09
4.20
3.60
4.56
26.7
10.0
0.125
0.09
40.0
0.6
22/02/17
4.00
0.12
3.60
3.60
4.20
16.7
6.0
0.155
0.115
30.0
0.4
30/12/16
5.00
CB Industrial 111116
0.04
2.15
1.95
2.23
14.4
24.4
0.205
0.035
100.0
0.3
11/11/16
2.00
CIMB Group 100816
0.005
4.80
4.39
4.83
9.9
175.6
0.14
0.005
40.0
0.0
10/08/16
5.00
CIMB Group 300816
0.07
4.50
4.39
4.72
7.6
19.6
0.29
0.05
25.0
0.1
30/08/16
3.20
CIMB Group 310117
0.20
4.40
4.39
5.00
13.9
7.3
0.23
0.18
20.0
0.5
31/01/17
3.00
CIMB Group 170317
0.15
4.50
4.39
5.10
16.2
7.3
0.16
0.15
100.0
0.6
17/03/17
4.00
Datasonic 300816
0.015
1.48
1.33
1.53
15.2
25.3
n.a.
n.a.
100.0
0.1
30/08/16
3.50
Datasonic 300816
0.02
1.38
1.33
1.45
9.0
19.0
0.155
0.015
100.0
0.1
30/08/16
3.50
Datasonic 300816
0.005
1.63
1.33
1.65
23.7
88.7
0.14
0.005
100.0
0.1
30/08/16
3.00
26
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
Datasonic 281016
0.015
1.58
1.33
1.64
23.3
Datasonic 281016
0.115
1.50
1.33
1.79
34.4
22.2
0.115
0.015
100.0
0.2
28/10/16
4.00
4.6
0.13
0.115
100.0
0.2
28/10/16
Datasonic 281016
0.045
1.55
1.33
1.66
2.50
25.0
11.8
0.105
0.045
30.0
0.2
28/10/16
2.50
Datasonic 231116
0.065
1.45
1.33
Datasonic 310117
0.14
1.35
1.33
1.61
21.2
8.2
0.145
0.06
40.0
0.3
23/11/16
2.50
1.66
24.7
4.3
0.155
0.13
45.0
0.5
31/01/17
Dayang 290216
0.02
1.50
2.20
0.99
1.55
56.6
19.8
0.155
0.02
40.0
0.2
07/10/16
2.50
Dayang 281116
0.005
Dayang 281116
0.15
1.58
0.99
1.60
61.6
49.5
0.12
0.005
100.0
0.3
28/11/16
4.00
1.68
0.99
2.21
122.7
1.9
n.a.
n.a.
100.0
0.3
28/11/16
3.50
Dayang 281116
Dialog 281016
0.005
1.78
0.99
1.80
81.6
56.6
0.055
0.005
100.0
0.3
28/11/16
3.50
0.15
1.65
1.52
1.95
28.3
5.1
n.a.
n.a.
100.0
0.2
29/10/16
2.00
Dialog 281116
0.08
1.48
1.52
1.80
18.4
4.8
0.095
0.08
100.0
0.3
28/11/16
4.00
Dialog 281116
0.15
1.58
1.52
2.11
38.5
2.9
n.a.
n.a.
100.0
0.3
28/11/16
3.50
Dialog 281116
0.15
1.48
1.52
2.01
31.9
2.9
n.a.
n.a.
100.0
0.3
28/11/16
3.50
DiGi 300916
0.015
5.10
4.96
5.14
3.6
132.3
0.225
0.005
50.0
0.2
30/09/16
2.50
DiGi 281016
0.075
5.70
4.96
6.00
21.0
16.5
0.15
0.075
100.0
0.2
28/10/16
4.00
DiGi 281016
0.035
5.40
4.96
5.54
11.7
35.4
0.065
0.02
20.0
0.2
28/10/16
4.00
DiGi 301116
0.155
4.70
4.96
5.09
2.6
12.8
0.16
0.105
20.0
0.3
30/11/16
2.50
DiGi 220217
0.19
4.50
4.96
5.26
6.0
6.5
0.19
0.12
40.0
0.6
22/02/17
4.00
DiGi 220217
0.245
4.60
4.96
5.09
2.6
10.1
0.25
0.16
50.0
0.7
28/04/17
2.00
DRB-Hicom 300816
0.005
1.40
0.905
1.41
55.8
90.5
0.11
0.005
50.0
0.1
30/08/16
2.00
DRB-Hicom 301116
0.05
1.00
0.905
1.05
16.0
18.1
0.215
0.02
50.0
0.3
30/11/16
1.00
2.50
DRB-Hicom 301116
0.02
1.10
0.905
1.15
27.1
18.1
0.115
0.02
40.0
0.3
30/11/16
DRB-Hicom 151216
0.06
0.95
0.905
1.04
14.9
10.1
0.21
0.03
40.0
0.4
15/12/16
1.50
DRB-Hicom 170217
0.085
1.00
0.905
1.13
24.6
7.1
0.14
0.065
100.0
0.5
17/02/17
1.50
E&O 231116
0.10
1.50
1.70
1.80
5.9
5.7
0.155
0.065
40.0
0.3
23/11/16
3.00
Felda Global Ventures 301116
0.155
1.70
1.85
2.01
8.6
6.0
0.17
0.06
20.0
0.3
30/11/16
2.00
0.30
1.35
1.85
1.95
5.4
3.1
0.325
0.17
20.0
0.6
14/03/17
2.00
0.225
1.60
1.85
2.05
10.8
4.1
0.24
0.165
100.0
0.6
17/03/17
2.00
0.325
1.50
1.85
1.99
7.4
3.8
0.34
0.145
20.0
0.7
28/04/17
1.50
27
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.175
1.90
1.85
2.29
23.5
4.8
0.185
0.17
40.0
0.6
28/02/17
2.20
Gamuda 281016
0.10
4.70
4.82
5.30
10.0
8.0
0.15
0.10
100.0
0.2
28/10/16
6.00
Gamuda 301116
0.17
4.50
4.82
5.01
3.9
9.5
0.255
0.13
50.0
0.3
30/11/16
3.00
Gamuda 301116
0.11
5.00
4.82
5.44
12.9
11.0
0.185
0.11
30.0
0.3
30/11/16
4.00
Gamuda 260117
0.07
5.00
4.82
5.49
13.9
9.8
0.10
0.07
40.0
0.5
26/01/17
7.00
Gas Malaysia 300816
0.01
2.50
2.40
2.52
5.0
120.0
0.12
0.01
50.0
0.1
30/08/16
2.00
GD Express 220217
0.085
1.60
1.52
1.86
22.0
6.0
0.09
0.085
40.0
0.6
22/02/17
3.00
Genting Bhd 301116
0.07
9.30
8.22
9.90
20.4
13.8
0.22
0.065
25.0
0.3
30/11/16
8.50
Genting Bhd 231116
0.085
7.80
8.22
8.82
7.3
8.1
0.22
0.075
40.0
0.3
23/11/16
12.00
Genting Bhd 170217
0.125
8.50
8.22
9.50
15.6
8.2
0.205
0.11
100.0
0.5
17/02/17
8.00
Genting Bhd 301216
0.325
8.30
8.22
9.44
14.8
7.2
0.465
0.295
15.0
0.4
30/12/16
3.50
Genting Bhd 310317
0.12
8.30
8.22
9.26
12.7
8.6
0.19
0.10
50.0
0.7
31/03/17
8.00
Genting Malaysia 300916
0.085
4.30
4.29
4.64
8.2
12.6
0.18
0.08
100.0
0.2
30/09/16
4.00
0.09
4.50
4.29
4.86
13.3
11.9
0.155
0.09
25.0
0.2
28/10/16
4.00
0.13
4.40
4.29
4.79
11.7
11.0
0.17
0.125
50.0
0.7
31/03/17
3.00
Genting Plantations 130117
0.15
11.10
10.54
12.60
19.5
7.0
n.a.
n.a.
100.0
0.4
13/01/17
10.00
Globetronics 300916
0.005
6.30
2.90
6.33
118.3
96.7
0.09
0.005
100.0
0.2
30/09/16
6.00
Hap Seng Consolidated 300816
0.685
5.00
7.75
7.74
(0.1)
2.8
0.71
0.145
50.0
0.1
30/08/16
4.00
0.26
6.80
7.75
8.10
4.5
6.0
0.31
0.14
40.0
0.2
07/10/16
5.00
0.08
7.50
7.75
8.30
7.1
9.7
0.115
0.08
40.0
0.2
11/10/16
10.00
0.165
7.95
7.75
8.78
13.2
9.4
0.245
0.165
100.0
0.3
11/11/16
5.00
0.245
6.60
7.75
7.83
1.0
6.3
0.315
0.195
50.0
0.3
30/11/16
5.00
Hartalega 281016
0.035
4.78
4.30
5.10
18.5
13.7
0.24
0.03
100.0
0.2
28/10/16
9.00
Hartalega 281016
0.015
6.10
4.30
6.21
44.3
41.0
0.165
0.015
100.0
0.2
28/10/16
7.00
Hartalega 310117
0.03
6.08
4.30
6.32
47.0
17.9
0.12
0.01
100.0
0.5
31/01/17
8.00
Hartalega 310117
0.025
6.28
4.30
6.51
51.3
19.1
0.10
0.02
100.0
0.5
31/01/17
9.00
Hock Seng Lee 111116
0.045
2.00
1.78
2.07
16.2
26.4
0.23
0.025
100.0
0.3
11/11/16
1.50
IHH Healthcare 300916
0.055
6.70
6.54
7.03
7.5
19.8
0.105
0.05
100.0
0.2
30/09/16
6.00
0.115
6.80
6.54
7.38
12.8
11.4
0.115
0.115
40.0
0.6
22/02/17
5.00
28
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.095
6.67
6.54
7.05
7.8
17.2
0.14
0.04
50.0
0.6
28/02/17
4.00
IJM Corp 250816
0.038
3.60
3.39
3.79
11.8
17.8
0.045
0.035
100.0
0.1
25/08/16
5.00
IJM Corp 281016
0.06
3.50
3.39
3.74
10.3
14.1
0.12
0.06
100.0
0.2
28/10/16
4.00
IJM Corp 281016
0.08
3.70
3.39
4.02
18.6
10.6
0.17
0.075
18.0
0.2
28/10/16
4.00
IJM Corp 310317
0.12
3.45
3.39
3.69
8.8
14.1
0.14
0.115
50.0
0.7
31/03/17
2.00
Inari 100816
0.05
2.88
3.10
3.08
(0.6)
15.5
0.325
0.05
40.0
0.0
10/08/16
4.00
Inari 300816
0.055
3.024
3.10
3.33
7.5
10.1
0.165
0.035
100.0
0.1
30/08/16
5.60
Inari 300916
0.04
3.70
3.10
3.86
24.5
19.4
0.075
0.035
100.0
0.2
30/09/16
4.00
Inari 281016
0.115
2.704
3.10
3.26
5.0
5.6
0.31
0.085
100.0
0.2
28/10/16
4.80
Inari 281016
0.05
2.864
3.10
3.18
2.7
9.7
0.215
0.04
100.0
0.2
28/10/16
6.40
Inari 281016
0.05
3.50
3.10
3.70
19.4
15.5
0.11
0.045
25.0
0.2
28/10/16
4.00
Inari 301116
0.175
2.80
3.10
3.36
8.4
5.5
0.195
0.14
20.0
0.3
30/11/16
3.20
IOI Corp 111116
0.11
5.00
4.23
5.55
31.2
7.7
0.18
0.11
50.0
0.3
11/11/16
5.00
IOI Corp 301116
0.05
5.00
4.23
5.25
24.1
16.9
0.155
0.05
20.0
0.3
30/11/16
5.00
IOI Corp 301216
0.045
4.70
4.23
4.86
14.8
26.9
0.225
0.04
50.0
0.4
30/12/16
3.50
IOI Corp 260117
0.15
4.80
4.23
5.55
31.2
5.6
n.a.
n.a.
40.0
0.5
26/01/17
5.00
IOI Porp 151216
0.15
2.10
2.36
2.55
8.1
5.2
0.21
0.115
40.0
0.4
15/12/16
3.00
Jaya Tiasa 150816
0.025
1.75
1.10
1.86
68.6
10.5
0.115
0.025
40.0
0.0
15/08/16
4.20
Jaya Tiasa 300916
0.02
1.60
1.10
1.64
49.1
27.5
0.185
0.015
100.0
0.2
30/09/16
2.00
Jaya Tiasa 300916
0.025
1.50
1.10
1.58
43.2
14.7
0.13
0.02
30.0
0.2
30/09/16
3.00
Jaya Tiasa 291116
0.005
1.70
1.10
1.72
56.6
48.9
0.075
0.005
40.0
0.3
28/11/16
4.50
Jaya Tiasa 310117
0.01
1.88
1.10
1.92
74.5
27.5
0.105
0.01
100.0
0.5
31/01/17
4.00
JCY International 300816
0.065
0.80
0.595
0.90
50.8
6.1
0.185
0.065
100.0
0.1
30/08/16
1.50
0.005
0.72
0.595
0.73
22.7
59.5
0.18
0.005
100.0
0.1
30/08/16
2.00
0.055
0.98
0.595
1.04
73.9
10.8
0.20
0.04
100.0
0.1
30/08/16
1.00
0.02
0.79
0.595
0.83
39.5
14.9
0.135
0.02
40.0
0.2
07/10/16
2.00
0.005
0.95
0.595
0.96
61.3
59.5
0.15
0.005
40.0
0.2
07/10/16
2.00
0.07
0.92
0.595
1.03
72.3
5.7
0.075
0.07
100.0
0.2
28/10/16
1.50
0.09
0.60
0.595
0.69
16.0
6.6
0.11
0.085
40.0
0.6
14/03/17
1.00
29
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
Karex 281016
0.07
2.30
2.39
2.58
7.9
Karex 281016
0.045
2.67
2.39
2.82
17.9
8.5
0.265
0.06
100.0
0.2
28/10/16
4.00
15.9
0.165
0.045
100.0
0.2
28/10/16
Karex 231116
0.06
2.53
2.39
2.77
16.0
3.33
10.0
0.125
0.04
40.0
0.3
23/11/16
4.00
Karex 310117
0.035
3.32
2.39
3.51
Karex 310117
0.05
3.05
2.39
3.25
46.7
12.8
0.065
0.03
100.0
0.5
31/01/17
5.33
36.1
12.0
0.08
0.02
100.0
0.5
31/01/17
4.00
Karex 310117
0.16
2.20
2.39
2.68
12.1
5.0
0.17
0.135
25.0
0.5
31/01/17
3.00
Kuala Lumpur Kepong 111016
0.075
23.70
23.12
Kuala Lumpur Kepong 130117
0.15
24.10
23.12
25.58
10.6
12.3
0.115
0.075
40.0
0.2
11/10/16
25.00
26.35
14.0
10.3
n.a.
n.a.
100.0
0.4
13/01/17
Kossan Rubber 281016
0.015
8.00
15.00
6.66
8.21
23.3
31.7
0.185
0.015
100.0
0.2
28/10/16
14.00
0.19
0.18
6.60
6.66
7.49
12.5
7.5
0.24
0.18
15.0
0.3
30/11/16
4.70
6.40
6.66
7.66
15.0
5.3
0.21
0.17
100.0
0.4
13/01/17
7.00

0.03
9.18
6.66
9.54
43.2
18.5
0.11
0.03
100.0
0.5
31/01/17
12.00
0.03
8.78
6.66
9.20
38.1
15.9
0.10
0.03
100.0
0.5
31/01/17
14.00
KSL Holdings 111116
0.03
1.40
1.13
1.43
26.5
37.7
0.19
0.025
100.0
0.3
11/11/16
1.00
Magnum 220217
0.095
2.50
2.40
2.69
12.1
12.6
0.095
0.085
40.0
0.6
22/02/17
2.00
Mah Sing 300916
0.135
1.45
1.62
1.59
(2.2)
12.0
0.15
0.045
50.0
0.2
30/09/16
1.00
Mah Sing 111016
0.08
1.50
1.62
1.62
0.0
13.5
0.12
0.075
40.0
0.2
11/10/16
1.50
Mah Sing 130117
0.20
1.50
1.62
1.80
11.1
5.4
0.20
0.185
40.0
0.2
11/10/16
1.50
Malakoff 300816
0.035
1.68
1.61
1.75
8.7
23.0
0.135
0.02
100.0
0.1
30/08/16
2.00
Malakoff 281116
0.05
1.60
1.61
1.75
8.7
10.7
0.10
0.05
40.0
0.3
28/11/16
3.00
Malakoff 301216
0.075
1.60
1.61
1.71
6.4
14.3
0.185
0.075
50.0
0.4
30/12/16
1.50
Malakoff 310117
0.075
1.70
1.61
1.85
14.9
10.7
0.085
0.075
20.0
0.5
31/01/17
2.00
Malaysia Aiports 280417
0.085
6.45
5.95
7.05
18.4
10.0
0.10
0.07
50.0
0.7
28/04/17
7.00
Matrix 140317
0.14
2.55
2.53
2.97
17.4
6.0
0.14
0.14
40.0
0.6
14/03/17
3.00
Matrix 100417
0.15
2.60
2.53
3.05
20.6
5.6
n.a.
n.a.
100.0
0.7
10/04/17
3.00
Maxis 300816
0.055
6.30
6.02
6.62
10.0
18.6
0.175
0.055
18.0
0.1
30/08/16
5.90
Maxis 300916
0.055
6.70
6.02
6.98
15.9
21.9
0.055
0.05
100.0
0.2
30/09/16
5.00
Maxis 151216
0.15
6.50
6.02
7.55
25.4
5.7
n.a.
n.a.
40.0
0.4
15/12/16
7.00
Maxis 301216
0.075
6.30
6.02
6.53
8.4
26.8
0.17
0.035
50.0
0.4
30/12/16
3.00
30
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Maybank 150816
0.015
8.35
8.02
8.40
4.8
152.8
0.33
0.01
18.0
0.0
15/08/16
3.50
Maybank 300916
0.035
9.40
8.02
9.54
19.0
57.3
0.16
0.035
15.0
0.2
30/09/16
4.00
Maybank 111016
0.035
9.00
8.02
9.32
16.1
25.5
0.095
0.035
40.0
0.2
11/10/16
9.00
Maybank 301216
0.04
8.60
8.02
8.70
8.5
80.2
0.235
0.04
50.0
0.4
30/12/16
2.50
Maybank 310117
0.16
8.15
8.02
8.82
10.0
11.9
0.195
0.155
20.0
0.5
31/01/17
4.20
MISC 281016
0.01
9.50
7.51
9.57
27.4
107.3
0.08
0.01
100.0
0.2
29/10/16
7.00
MISC 111016
0.015
9.00
7.51
9.15
21.8
50.1
0.045
0.015
40.0
0.2
11/10/16
10.00
MISC 301216
0.03
8.60
7.51
8.78
16.9
41.7
0.15
0.025
50.0
0.4
30/12/16
6.00
MISC 301216
0.18
7.80
7.51
8.52
13.4
10.4
0.245
0.175
10.0
0.4
30/12/16
4.00
MMC Corp 300916
0.065
2.10
2.10
2.23
6.2
16.2
0.24
0.025
50.0
0.2
30/09/16
2.00
MMC Corp 130117
0.155
2.10
2.10
2.57
22.1
4.5
0.145
0.11
100.0
0.4
13/01/17
3.00
MMHE 301116
0.22
0.90
1.07
1.12
4.7
4.9
0.485
0.21
50.0
0.3
30/11/16
1.00
MMHE 151216
0.09
1.00
1.07
1.18
10.3
5.9
0.225
0.09
40.0
0.4
15/12/16
2.00
MPI 300916
0.035
10.00
8.0
10.32
28.9
25.4
0.11
0.025
100.0
0.2
30/09/16
9.00
MRCB 310317
0.07
1.22
1.17
1.36
16.2
8.4
0.08
0.035
50.0
0.7
31/03/17
2.00
My E.G. Services 100816
0.255
1.50
2.0
2.01
0.5
3.9
0.47
0.155
40.0
0.0
10/08/16
2.00
0.255
1.50
2.0
2.01
0.5
3.9
0.47
0.155
40.0
0.0
10/08/16
2.00
0.325
1.23
2.0
2.04
1.9
2.5
0.465
0.12
50.0
0.1
30/08/16
2.50
0.095
1.49
2.0
1.78
(11.3)
7.0
0.33
0.095
100.0
0.1
30/08/16
3.00
0.225
1.40
2.0
1.96
(1.9)
3.6
0.385
0.145
100.0
0.1
30/08/16
2.50
0.145
1.59
2.0
2.03
1.3
4.6
0.30
0.065
100.0
0.1
30/08/16
3.00
0.145
1.78
2.0
2.07
3.3
6.9
0.36
0.09
50.0
0.2
30/09/16
2.00
0.05
2.25
2.0
2.38
18.8
16.0
0.235
0.05
100.0
0.2
28/10/16
2.50
0.075
1.90
2.0
2.19
9.3
7.0
0.145
0.04
80.0
0.2
31/10/16
3.80
0.04
2.35
2.0
2.53
26.5
11.1
0.10
0.02
40.0
0.3
23/11/16
4.50
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.09
2.15
2.0
2.39
19.7
8.2
0.115
0.06
45.0
0.4
30/12/16
2.70
0.105
2.00
2.0
2.28
14.2
7.1
0.13
0.06
45.0
0.4
30/12/16
2.70
Petron Malaysia 151216
0.015
6.00
3.68
6.18
67.9
20.4
0.12
0.01
40.0
0.4
15/12/16
12.00
Petronas Chemicals 111016
0.06
7.00
6.55
7.36
12.4
18.2
0.07
0.06
40.0
0.2
11/10/16
6.00
31
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
0.065
7.30
6.55
7.69
17.4
0.14
6.38
6.55
7.78
18.8
0.08
6.58
6.55
7.38
0.05
6.90
6.55
7.15
0.185
7.15
6.55
Petronas Dagangan 311016
0.015
24.86
Petronas Gas 310317
0.17
POS Malaysia 111016
0.06
POS Malaysia 311016
Conversion
Ratio
(Wrt : 1 Shr)
16.8
0.14
0.065
100.0
0.2
28/10/16
6.00
4.7
0.195
0.13
100.0
0.3
29/11/16
10.00
12.7
8.2
0.165
0.06
100.0
0.3
29/11/16
10.00
9.2
26.2
0.12
0.03
50.0
0.3
30/11/16
5.00
7.82
19.3
9.8
0.21
0.16
15.0
0.4
30/12/16
3.60
23.26
25.10
7.9
96.9
0.185
0.01
50.0
0.2
31/10/16
16.00
21.20
22.18
23.24
4.8
10.9
0.205
0.145
50.0
0.7
31/03/17
12.00
3.00
2.85
3.21
12.6
13.6
0.13
0.04
40.0
0.2
11/10/16
3.50
0.10
2.77
2.85
2.97
4.2
14.3
0.28
0.02
50.0
0.2
31/10/16
2.00
POS Malaysia 130117
0.165
2.80
2.85
3.30
15.6
5.8
0.205
0.145
100.0
0.4
13/01/17
3.00
POS Malaysia 130117
0.11
3.10
2.85
3.43
20.4
8.6
0.17
0.11
100.0
0.4
13/01/17
3.00
POS Malaysia 310117
0.13
3.00
2.85
3.59
25.8
4.9
0.13
0.125
40.0
0.5
31/01/17
4.50
Press Metal 151216
0.38
2.70
4.17
4.22
1.2
2.7
0.415
0.105
40.0
0.4
15/12/16
4.00
Press Metal 170217
0.39
3.10
4.17
4.47
7.1
3.1
0.39
0.185
100.0
0.5
17/02/17
3.50
Prestariang 111016
0.02
3.00
1.95
3.05
56.4
39.0
0.195
0.005
40.0
0.2
11/10/16
2.50
Prestariang 111116
0.01
3.00
1.95
3.04
55.9
48.8
0.165
0.005
100.0
0.3
11/11/16
4.00
Public Bank 300616
0.17
18.00
19.50
19.36
(0.7)
14.3
0.19
0.075
50.0
0.2
30/09/16
8.00
QL Resources 231116
0.085
4.40
4.36
4.91
12.6
8.5
0.13
0.08
40.0
0.3
23/11/16
6.00
RHB Bank 100417
0.15
5.40
5.09
6.00
17.9
8.5
n.a.
n.a.
100.0
0.7
10/04/17
4.00
SapuraKencana Petroleum 300816
0.005
2.20
1.43
2.22
55.1
81.7
0.155
0.005
50.0
0.1
30/08/16
3.50
0.01
2.10
1.43
2.14
49.3
40.9
0.14
0.005
50.0
0.1
30/08/16
3.50
0.02
1.70
1.43
1.75
22.4
28.6
0.275
0.02
50.0
0.2
30/09/16
2.50
0.02
1.98
1.43
2.06
44.1
17.9
0.15
0.015
100.0
0.3
28/11/16
4.00
0.02
2.08
1.43
2.16
51.0
17.9
0.10
0.02
100.0
0.3
28/11/16
4.00
0.02
2.18
1.43
2.26
58.0
17.9
0.095
0.015
100.0
0.3
28/11/16
4.00
SapuraKencana Petroleum 260117 - Put Warrant
0.095
1.60
1.43
1.22
14.7
3.8
0.115
0.065
40.0
0.5
26/01/17
4.00
0.03
2.00
1.43
2.11
47.2
13.6
0.085
0.025
40.0
0.5
26/01/17
3.50
0.125
1.40
1.43
1.71
19.8
4.6
0.13
0.115
65.0
0.5
31/01/17
2.50
0.03
1.85
1.43
1.93
34.6
19.1
0.11
0.03
35.0
0.6
28/02/17
2.50
32
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16

Scientex 130117
Sime Darby 300916
Sime Darby 201016
Sime Darby 111116
Sime Darby 281116
SKP Resources 300916
SP Setia 310117
Sunway Construction 071016
Supermax 250816
Supermax 300916
Supermax 041016
Supermax 281016
Supermax 281016
Supermax 281016
Supermax 311016
Supermax 231116
Supermax 310117
Supermax 310117
Supermax 310117
Supermax 310317
Supermax 280417
Ta Ann 300916
Ta Ann 281116
TA Global 220217
Telekom Malaysia 300916
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.13
0.115
0.03
0.08
0.09
0.055
0.04
0.095
0.115
0.175
0.05
0.155
0.005
0.015
0.06
0.02
0.065
0.05
0.005
0.01
0.01
0.13
0.01
0.085
0.105
0.005
0.01
0.065
0.09
0.09
1.40
13.00
7.90
8.07
8.00
8.30
1.50
3.20
1.45
1.45
1.80
1.50
3.00
2.75
3.70
3.30
2.00
2.20
3.17
3.10
3.88
2.20
3.58
2.50
2.20
4.583
4.833
0.27
6.80
6.80
1.43
12.70
7.42
7.42
7.42
7.42
1.21
3.07
1.65
1.65
1.65
1.65
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
2.08
3.37
3.37
0.235
6.83
6.83
1.73
15.30
8.02
8.71
8.72
8.85
1.58
3.39
1.74
1.71
1.93
1.81
3.02
2.83
3.97
3.38
2.26
2.40
3.19
3.16
3.93
2.53
3.64
2.76
2.46
4.61
4.89
0.30
7.25
7.34
Warrant
Premium
Gearing
(%)
(x)
20.6
20.5
8.1
17.4
17.5
19.3
30.6
10.4
5.3
3.8
16.7
9.7
45.2
35.8
90.9
62.5
8.7
15.4
53.4
51.7
88.9
21.4
75.0
32.5
18.4
36.7
45.1
28.7
6.1
7.5
4.4
5.5
61.8
11.6
10.3
13.5
15.1
16.2
5.7
6.3
13.2
5.3
104.0
27.7
7.7
26.0
8.0
10.4
104.0
37.8
41.6
6.4
34.7
8.2
7.9
147.1
57.8
7.2
15.2
12.6
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.135
0.16
0.20
0.095
0.15
0.09
0.13
0.095
0.17
0.235
0.085
0.155
0.31
0.12
0.165
0.245
0.43
0.385
0.27
0.12
0.06
0.135
0.10
0.10
0.115
0.20
0.08
0.065
0.10
0.135
100.0
100.0
50.0
50.0
100.0
40.0
100.0
50.0
40.0
100.0
25.0
30.0
100.0
50.0
50.0
100.0
100.0
100.0
50.0
40.0
100.0
40.0
100.0
40.0
50.0
100.0
40.0
40.0
100.0
40.0
0.6
0.4
0.2
0.2
0.3
0.3
0.2
0.5
0.2
0.2
0.2
0.4
0.1
0.2
0.2
0.2
0.2
0.2
0.2
0.3
0.5
0.5
0.5
0.7
0.7
0.2
0.3
0.6
0.2
0.2
17/03/17
13/01/17
30/09/16
20/10/16
11/11/16
28/11/16
30/09/16
31/01/17
07/10/16
28/10/16
28/10/16
30/12/16
25/08/16
30/09/16
04/10/16
28/10/16
28/10/16
28/10/16
31/10/16
23/11/16
31/01/17
31/01/17
31/01/17
30/03/17
28/04/17
30/09/16
28/11/16
22/02/17
30/09/16
07/10/16
2.50
20.00
4.00
8.00
8.00
10.00
2.00
2.00
2.50
1.50
2.50
2.00
4.00
5.00
4.50
4.00
4.00
4.00
4.00
5.50
5.00
2.50
6.00
3.00
2.50
4.58
5.83
0.50
5.00
6.00
0.13
0.09
0.025
0.07
0.08
0.055
0.04
0.035
0.075
0.105
0.045
0.13
0.005
0.005
0.055
0.02
0.06
0.045
0.005
0.01
0.01
0.115
0.01
0.08
0.09
0.005
0.01
0.065
0.09
0.08
33
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16

Tenaga Nasional 300816
Top Glove 100816
Top Glove 150816
Top Glove 281016
Top Glove 281016
Top Glove 281016
Top Glove 310117
Top Glove 310117
Top Glove 231116
Top Glove 301116
Top Glove 280217
UEM Edgenta 100816
UEM Edgenta 281016
UEM Edgenta 311016
UEM Sunrise 300816
UEM Sunrise 300916
UEM Sunrise 300916
UEM Sunrise 281016
UEM Sunrise 281116
UMW Holdings 151216
UMW Holdings 310117
UMW Holdings 170317
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.09
0.13
0.105
0.11
0.56
0.16
0.165
0.11
0.105
0.005
0.005
0.08
0.025
0.04
0.015
0.015
0.015
0.085
0.04
0.115
0.10
0.10
0.09
0.115
0.075
0.025
0.035
0.02
0.02
0.16
7.00
6.50
12.88
13.70
10.50
15.10
14.50
14.40
15.00
4.625
7.66
4.04
6.90
5.80
7.09
7.44
6.50
4.95
5.15
3.30
3.68
3.23
0.93
1.10
0.98
1.25
1.05
7.00
7.00
5.70
6.83
6.83
14.38
14.38
14.38
14.38
14.38
14.38
14.38
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
3.52
3.52
3.52
1.04
1.04
1.04
1.04
1.04
5.70
5.70
5.70
7.32
6.89
14.46
14.75
14.42
16.06
16.07
15.17
16.05
4.66
7.68
4.64
7.05
5.99
7.27
7.61
6.65
5.29
5.35
3.88
4.28
3.63
1.07
1.27
1.16
1.31
1.16
7.20
7.10
6.82
Warrant
Premium
Gearing
(%)
(x)
7.1
0.9
0.5
2.5
0.3
11.7
11.7
5.5
11.6
8.5
79.1
8.2
64.3
39.7
69.5
77.3
55.0
23.3
24.7
10.1
21.6
3.1
2.4
22.4
11.5
26.2
11.1
26.3
24.6
19.6
21.7
17.5
9.1
13.8
3.7
15.0
9.2
18.7
13.7
143.0
190.7
7.2
28.6
22.3
23.8
26.0
28.6
12.6
21.5
6.1
5.9
8.8
7.7
6.0
5.8
16.6
9.9
28.5
57.0
5.1
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.215
0.165
0.155
0.20
0.595
0.165
0.175
0.125
0.105
0.465
1.05
0.47
0.40
0.195
0.08
0.075
0.08
0.225
0.16
0.16
0.105
0.19
0.38
0.15
0.115
0.055
0.085
0.10
0.13
0.16
15.0
50.0
100.0
25.0
50.0
15.0
100.0
50.0
40.0
40.0
25.0
100.0
100.0
25.0
100.0
100.0
40.0
25.0
50.0
40.0
100.0
50.0
50.0
100.0
80.0
35.0
40.0
40.0
50.0
100.0
0.2
0.3
0.1
0.1
0.2
0.3
0.5
0.6
0.6
0.0
0.0
0.2
0.2
0.2
0.5
0.5
0.3
0.3
0.6
0.0
0.2
0.2
0.1
0.2
0.2
0.2
0.3
0.4
0.5
0.6
28/10/16
30/11/16
30/08/16
30/08/16
30/09/16
30/11/16
17/02/17
28/02/17
14/03/17
10/08/16
15/08/16
28/10/16
28/10/16
28/10/16
31/01/17
31/01/17
23/11/16
30/11/16
28/02/17
10/08/16
28/10/16
31/10/16
30/08/16
30/09/16
30/09/16
28/10/16
28/11/16
15/12/16
31/01/17
17/03/17
3.50
3.00
15.00
9.50
7.00
6.00
9.50
7.00
10.00
6.00
4.50
7.50
6.00
4.80
12.00
11.00
10.00
4.00
5.00
5.00
6.00
4.00
1.50
1.50
2.40
2.50
3.00
10.00
5.00
7.00
0.09
0.04
0.005
0.105
0.36
0.135
0.165
0.055
0.105
0.005
0.005
0.075
0.02
0.04
0.015
0.015
0.01
0.08
0.035
0.085
0.09
0.09
0.02
0.10
0.075
0.025
0.03
0.015
0.015
0.16
34
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants
29 Jul 16
UMW Oil & Gas 311016

Unisem 300816
Unisem 300816
Unisem 300816
Unisem 300816
Unisem 281016
Unisem 140317
VS Industry 300916
VS Industry 281016
VS Industry 281016
VS Industry 281016
VS Industry 111116
VS Industry 310117
VS Industry 140317
WCT Holdings 300916
WCT Holdings 301216
Westports 071016
Westports 300916
Westports 281016
YTL Corp 281116
YTL Corp 310317
YTL Corp 100417
YTL Power 300816
YTL Power 300816
YTL Power 170217
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
0.01
0.04
0.025
0.05
0.055
0.09
0.14
0.075
0.025
0.11
0.20
0.165
0.05
0.04
0.03
0.015
0.10
0.13
0.15
0.175
0.075
0.065
0.07
0.105
0.10
0.175
0.15
0.005
0.15
0.075
1.07
1.18
1.38
1.02
1.30
1.00
2.18
2.38
2.58
2.35
2.00
2.25
1.30
1.38
1.48
1.68
1.35
1.20
1.40
1.70
1.60
4.20
4.25
4.15
1.55
1.50
1.70
1.48
1.48
1.50
0.895
0.895
0.895
0.895
0.895
0.895
2.69
2.69
2.69
2.69
2.69
2.69
1.32
1.32
1.32
1.32
1.32
1.32
1.32
1.56
1.56
4.50
4.50
4.50
1.67
1.67
1.67
1.43
1.43
1.43
1.09
1.30
1.46
1.17
1.38
1.14
2.74
2.76
2.71
2.81
2.80
2.91
1.48
1.50
1.57
1.73
1.60
1.53
1.70
2.05
1.75
4.59
4.46
4.57
1.75
1.68
2.00
1.49
1.71
1.61
Warrant
Premium
Gearing
(%)
(x)
21.2
45.3
62.6
30.7
54.5
26.8
1.9
2.4
0.6
4.5
4.1
8.2
11.7
13.6
18.9
30.7
21.2
15.5
28.8
31.4
12.2
2.0
(0.9)
1.6
4.8
0.3
19.8
4.0
19.2
12.8
59.7
7.5
11.9
6.0
10.8
6.6
4.8
7.2
21.5
5.8
3.4
4.1
7.5
11.0
14.7
29.3
5.3
4.1
4.4
4.5
10.4
11.5
21.4
10.7
8.4
9.5
5.6
190.7
6.4
12.7
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
0.12
0.115
0.085
0.11
0.06
0.12
0.14
0.075
0.03
0.115
0.20
0.165
0.075
0.175
0.15
0.125
0.115
0.15
n.a.
0.195
0.165
0.085
0.095
0.135
0.13
0.18
n.a.
0.12
n.a.
0.075
50.0
100.0
100.0
30.0
40.0
100.0
100.0
100.0
100.0
30.0
100.0
40.0
50.0
100.0
100.0
100.0
100.0
55.0
40.0
100.0
50.0
40.0
50.0
100.0
40.0
50.0
100.0
50.0
100.0
100.0
0.2
0.3
0.3
0.3
0.4
0.5
0.1
0.1
0.1
0.1
0.2
0.6
0.2
0.2
0.2
0.2
0.3
0.5
0.6
0.2
0.4
0.2
0.2
0.2
0.3
0.7
0.7
0.1
0.1
0.5
31/10/16
28/11/16
28/11/16
30/11/16
15/12/16
17/02/17
30/08/16
30/08/16
30/08/16
30/08/16
28/10/16
14/03/17
30/09/16
28/10/16
28/10/16
28/10/16
11/11/16
31/01/17
14/03/17
30/09/16
30/12/16
07/10/16
30/09/16
28/10/16
28/11/16
31/03/17
10/04/17
30/08/16
30/08/16
17/02/17
1.50
3.00
3.00
3.00
1.50
1.50
4.00
5.00
5.00
4.20
4.00
4.00
3.50
3.00
3.00
3.00
2.50
2.50
2.00
2.00
2.00
6.00
3.00
4.00
2.00
1.00
2.00
1.50
1.50
1.50
0.005
0.04
0.025
0.05
0.055
0.09
0.065
0.065
0.025
0.08
0.09
0.15
0.03
0.02
0.01
0.01
0.065
0.105
n.a.
0.10
0.06
0.055
0.045
0.10
0.075
0.11
n.a.
0.005
n.a.
0.075
35
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Covered Warrants Overseas

29 Jul 16
Warrant
Price
(RM)
Exercise
Price
(RM)
Share
Price
(RM)
Conversion
Price
(RM)
Warrant
Premium
Gearing
(%)
(x)
Warrant 52-Week
High
Low
(RM)
(RM)
Issue
Size
(m)
Years
To Run
Expiry
Conversion
Ratio
(Wrt : 1 Shr)
Apple 260117 (a)
0.075
120.00
104.21
129.27
24.0
11.2
0.075
0.06
40.0
0.5
26/01/17
500
Cathay 310117 (b)
0.08
13.88
4.39
15.11
244.3
3.6
0.17
0.08
100.0
0.5
31/01/17
Facebook 290916 (a)
0.215
100.00
123.94
126.57
2.1
4.7
0.245
0.11
40.0
0.2
29/09/16
500
ICBC 100816 (b)
0.03
5.50
4.39
5.62
27.9
38.0
0.12
0.03
40.0
0.0
10/08/16
Microsoft 290916 (a)
0.285
45.00
56.68
56.27
(0.7)
5.0
0.30
0.15
100.0
0.2
29/09/16
160
PetroChina 100816 (b)
0.085
6.50
5.26
7.16
36.0
8.0
0.11
0.085
40.0
0.0
10/08/16
PetroChina 260117 (b)
0.11
5.50
5.26
6.35
20.7
6.2
0.145
0.105
40.0
0.5
27/01/17
Tencent 270117 (b)
0.17
170.00
186.50
199.49
7.0
6.3
0.17
0.115
40.0
0.5
27/01/17
90
Twitter 290916 (a)
0.005
35.00
16.64
35.16
111.3
103.6
0.185
0.005
40.0
0.2
29/09/16
130
Twitter 290117 (a)
0.085
20.00
16.64
22.31
34.1
7.2
0.115
0.025
40.0
0.5
26/01/17
110
Yahoo 290916 (a)
0.17
35.00
38.19
40.04
4.9
7.6
0.195
0.06
40.0
0.2
29/09/16
120
(a) In US$, except warrant price.

(b) In HK$, except warrant price.
36
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Diary Of Events
Monday
Sunday
1
Jul Nikkei Malaysia PMI

MMHE (2Q16)
Tuesday
2
Wednesday
3
Hartalega (1Q17)
KLCC Property (2Q16)
10
15
16
Affin (2Q16)
12
18
Magnum (2Q16)
Saturday
6
Jun Trade Figures

29 Jul Foreign Reserve
11
Jun IPI
Jun Manufacturing Sales Value
Sunway REIT (Final 16)
17
Friday
4
Axis REIT (2Q16)
MISC (2Q16)
AirAsia (2Q16)
14
Thursday
2Q16 GDP
2Q16 BoP
Alliance Financial (1Q17)
Gas Malaysia (2Q16)
Perisai Petroleum (2Q16)
19
13
20
AMMB (1Q17)
Deleum (2Q16)
Dialog (Final 16)
JCY International (3Q16)
Kuala Lumpur Kepong (3Q16)
Kossan Rubber (2Q16)
Malakoff (2Q16)
37
M a l a y s i a
C o r p o r a t e
August 2016
G u i d e
Diary Of Events
Monday
Sunday
21
22
15 Aug Foreign Reserve
Sunsuria (2Q16)
28
29
Kerjaya Prospek (2Q16)

Nestle (2Q16)
UMW Holdigns (2Q16)
Sunway Bhd (2Q16)
Tuesday
Wednesday
23
IOI Corp (Final 16)
SP Setia (2Q16)
WCT Holdings (2Q16)
30
Jul Monetary & Loan Figure
Westport (2Q16)
Thursday
24
Friday
25
Jul CPI
Hong Leong Bank (Final 16)
Hong Leong Financial (Final 16)
IJM Corp (1Q17)
IJM Plantations (1Q17)
Uzma (2Q16)
Axiata (2Q16)
Carlsberg (2Q16)
CIMB Group (2Q16)
Genting Group (2Q16)
Genting Malaysia (2Q16)
Genting Plantations (2Q16)
Maybank (2Q16)
MRCB (2Q16)
SKP Resources (1Q17)
Sunway Bhd (2Q16)
Sunway Construction (2Q16)
Telekom Malaysia (2Q16)
UEM Sunrise (2Q16)
26
Saturday
27
Barakah Offshore Petroleum (2Q16)

Bumi Armada (2Q16)
Genting Group (2Q16)
Genting Malaysia (2Q16)
KPJ Heathcare (2Q16)
Mah Sing (2Q16)
PPB Group (2Q16)
QL Resources (1Q17)
Sime Darby (Final 16)
Sunsuria (1Q17)
31
National Day
38
M a l a y s i a
C o r p o r a t e
G u i d e
August 2016
Disclosures/Disclaimers
This report is prepared by UOB Kay Hian (Malaysia) Holdings Sdn. Bhd. ("UOBKHM") which is a licensed corporation providing investment advisory services in Malaysia.
This report is provided for information only and is not an offer or a solicitation to deal in securities or to enter into any legal relations, nor an advice or a recommendation with respect to such securities.
This report is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any recipient hereof. Advice should be sought
from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the
recommendation, before the person makes a commitment to purchase the investment product.
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39
M a l a y s i a
C o r p o r a t e
G u i d e
August 2016
Analyst Certification/Regulation AC
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http://www.utrade.com.my
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Corporate Guide - Malaysia, August 2016

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Corporate Guide - Malaysia, August 2016

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M a l a y s i a

Market Outlook & Strategy

From 1 Aug 15 to 29 Jul 16

TOP GAINERS & LOSERS*

* Top 100 companies by market capitalization.

Refer to last page for important disclosures.

SECTOR RATINGS & STOCK RECOMMENDATIONS

BIMB, RHB Bank

Valuation Screens (Price/Book & Price/Earnings)

Stocks Trading 1SD Below Mean

Stocks Trading 2SD Above Mean

Stocks Trading 1SD Above Mean

Analysts Top Alpha* Picks

Chong Lee Len

Fong Kah Yan

Refer to last page for important disclosures.

----------- EPS Growth ----------2015

------- Yield ------2015

OIL & GAS - HEAVY ENGINEERING

OIL & GAS - OFFSHORE ASSET OWNERS

OIL & GAS - OFFSHORE CONTRACTORS

OIL & GAS - SHIPPING

Refer to last page for important disclosures.

Share Price Last

Market Book Price/

Hong Leong Bank

Hong Leong Financial

868.8 1,084.3 88.7

Refer to last page for important disclosures.

Share Price Last

Market Book Price/

Refer to last page for important disclosures.

Share Price Last

Market Book Price/

OIL & GAS - HEAVY ENGINEERING

OIL & GAS - OFFSHORE ASSET OWNERS

OIL & GAS - OFFSHORE CONTRACTORS

OIL & GAS - SHIPPING

Kuala Lumpur Kepong KLK MK

Refer to last page for important disclosures.

Market Book Price/

Share Price Last

Refer to last page for important disclosures.

GDP by Sector (Real) (yoy % chg)

Monetary Data (end of period)

Other Macro Variables (yoy % chg)

Refer to last page for important disclosures.

Ranking By Market Parameters

Highest P/NTA (x)

Highest Dividend Yield (%) Historical

Highest 90 days Volatility (%)

Highest Market Cap (RMm)

Berjaya Sports Toto

Lowest P/NTA (x)

Barakah Offshore Petroleum

Barakah Offshore Petroleum

Kuala Lumpur Kepong

Hong Leong Bank

Refer to last page for important disclosures.

Lowest Dividend Yield (%)

Lowest 90 days Volatility (%)

Lowest Market Cap (RMm)

Share Price (RM)

-------------- % Change -------------mom