Corporate Guide - Malaysia, August 2016 PDF

August 2016
M a l a y s i a C o r p o r a t e G u i d e
Market Outlook & Strategy FBMKLCI

From 1 Aug 15 to 29 Jul 16
REVIEW: The FBMKLCI marginally slipped (-0.05%) in July, although interestingly foreign equity 1,750
flow experienced a turnaround to record a net buy position of RM1.0b (Jun: -RM1.8b), and quality
1,700
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 1,650
(OPR) to a 2-year low of 3.0%. The equity markets reaction was predictably neutral to the US 1,600
Justice Departments probe into 1MDBs defrauders, but the ringgit weakened to above
1,550
RM4.00/US$ levels.
1,500
STRATEGY: We maintain our view that the FBMKLCI would remain in the doldrums in 3Q16 before Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
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 SECTOR RATINGS & STOCK RECOMMENDATIONS
Sector Jul/Jun 16 (% chg) Weighting* Top Buys
external risks (eg US presidential election). We remain defensive, but continue to like infrastructure-
Automobile 1.1 Underweight
related plays. Our top picks include large caps Gamuda, Genting Bhd and Tenaga Nasional; and Aviation 3.7 Market Weight
smaller caps BIMB Holdings, Hume Industries, Kim Loong Resources and VS Industry. BUY-rated Banking (0.2) Market Weight BIMB, RHB Bank
Conglomerate (1.2) Market Weight
stocks with near-term event catalysts include WCT Holdings and Bumi Armada. Construction (0.1) Overweight Gamuda, IJM Corp,Kerjaya Prospek
Consumer 1.8 Market Weight Heineken
Exchange 0.6 Market Weight
Gaming (0.5) Overweight Berjaya Sports Toto, Genting Bhd
Glove Manufacturing (3.2) Market Weight
Healthcare 1.2 Market Weight
TOP GAINERS & LOSERS* Insurance (1.0) Market Weight
(RM) Jun 16 Jul 16 % chg (RM) Jun 16 Jul 16 % chg Manufacturing 5.7 Market Weight Scientex, VS Industry
Media (0.3) Market Weight
Felda Global Venture 1.51 1.85 22.5 Top Glove 4.60 4.29 (6.7) Oil & Gas - Heavy Engineering (2.0) Market Weight Dialog
Heineken 15.14 18.00 18.9 BAT 52.70 49.36 (6.3) Oil & Gas - Offshore Asset Owners 7.0 Underweight Bumi Armada
Oil & Gas - Offshore Contractors (2.7) Market Weight
Press Metal 3.68 4.17 13.3 Bintulu Port 6.94 6.63 (4.5)
Oil & Gas - Shipping 0.7 Market Weight
AirAsia 2.60 2.93 12.7 MBSB 0.72 0.69 (4.2) Plantation (1.7) Market Weight Kuala Lumpur Kepong
Yinson 2.73 3.07 12.5 Genting Malaysia 4.45 4.29 (3.6) Port 7.1 Market Weight
Mah Sing 1.47 1.62 10.2 AMMB 4.44 4.30 (3.2) Property 3.8 Market Weight Sunway Bhd
Berjaya Sports Toto 2.99 3.28 9.6 PPB Group 16.50 16.00 (3.0) REITs 1.8 Overweight IGB REIT, Sunway REIT
Technology (0.8) Market Weight
UOA Developments 2.19 2.40 9.6 IJM Plantations 3.40 3.30 (2.9) Telecommunications 2.0 Underweight
Dutch Lady Milk 58.50 63.98 9.4 IJM Corp 3.49 3.39 (2.9) Utility 1.8 Overweight Tenaga Nasional
Carlsberg 13.22 14.36 8.6 Malaysia Airports 6.12 5.95 (2.8) FMBKLCI 0.0
* Top 100 companies by market capitalization. * Refers to business prospects & earnings growth of the sector for the next 12 months.
Refer to last page for important disclosures. 1

August 2016
Valuation Screens (Price/Book & Price/Earnings)

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

Upside/ Market 2016 2016 2016
Analyst Company Rec (Downside) Cap PE P/B Yield Remarks/Catalysts
(%) (RMm) (x) (x) (%)
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.
* Denotes a time frame of 1 to 6 months and not UOBKHs usual 12-month investment horizon for stock recommendations.

August 2016
Sector Performance
Net Cash Total
------------------ PE ------------------ ----------- EPS Growth ----------- Net ------- Yield ------- Price/ (Debt) to Market Market
2015 2016F 2017F 2015 2016F 2017F Margin ROA ROE 2015 2016F NTA ps Equity Cap. Cap.
(x) (x) (x) (%) (%) (%) (%) (%) (%) (%) (%) (x) (%) (%) (RMm)
AUTOMOBILE 17.4 29.6 23.7 (45.0) (41.4) 24.7 1.2 1.1 2.9 5.2 2.6 1.4 (43.4) 0.9 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

August 2016
Corporate Statistics
Avg Daily
Share Price Last Net Profit EPS PE DPS Yield Hist. Net No. of Market Book Price/ Net Cash/(Debt) to 52-Wk Price Turnover
Company Ticker Rec 29 Jul 16 Year 2015 2016F 2017F 2015 2016F 2017F 2015 2016F 2017F 2015 2016F 2015 2016F CFPS Margin ROA ROE Shares Cap. NTA ps NTA ps Mkt Cap Equity High Low 52-Wk
(RM) End (RMm) (RMm) (RMm) (sen) (sen) (sen) (x) (x) (x) (sen) (sen) (%) (%) (RM) (%) (%) (%) (m) (RMm) (RM) (x) (%) (%) (RM) (RM) ('000)
AUTOMOBILE
Berjaya Auto BAUTO MK BUY 2.34 4/16 198.0 214.2 246.5 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
UMW Holdings UMWH MK SELL 5.70 12/15 340.0 101.3 146.9 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
Sector 538.0 315.5 393.4 17.4 29.6 23.7 5.2 2.6 1.2 1.1 2.9 9,339.5 1.4 (32.5) (43.4)
AVIATION
AirAsia AIRA MK HOLD 2.93 12/15 551.7 1,335.5 1,580.5 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
Malaysia Airports MAHB MK SELL 5.95 12/15 37.8 59.7 138.7 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
Sector 589.5 1,395.2 1,719.2 30.6 12.9 10.5 0.8 0.6 5.7 1.3 4.6 18,026.0 2.2 (77.8) (111.4)
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
Sector 23,290.5 23,181.2 23,977.7 12.4 12.4 12.0 4.0 3.9 n.a. 1.0 11.1 288,242.4 1.5 n.a. n.a.
CONGLOMERATE
MMC Corp MMC MK HOLD 2.10 12/15 311.0 387.1 509.2 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
PPB Group PEP MK SELL 16.00 12/15 1,051.3 868.8 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
Sector 1,362.3 1,255.9 1,593.5 18.6 20.2 15.9 1.6 1.2 32.5 3.1 6.2 25,362.6 1.0 (28.4) (27.0)
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 12/15 108.7 157.9 181.2 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
Sector 1,417.7 1,680.5 1,895.8 19.5 17.4 15.5 2.7 2.4 17.0 4.8 10.8 29,108.9 1.5 (33.3) (55.2)

August 2016
Avg Daily
CONSUMER
BAT ROTH MK HOLD 49.36 12/15 910.1 655.1 698.0 318.7 229.4 244.5 15.5 21.5 20.2 312.0 184.7 6.3 3.7 3.47 19.9 73.1 170.0 285.5 14,093.8 0.30 n.m. (1.8) (47.5) 67.50 40.70 310
Carlsberg CAB MK HOLD 14.36 12/15 240.6 250.5 266.6 78.2 81.4 86.7 18.4 17.6 16.6 72.0 76.0 5.0 5.3 0.76 13.0 32.3 66.7 307.6 4,417.4 1.29 11.1 1.9 26.6 15.18 10.82 142
Heineken HEIM MK BUY 18.00 6/15 214.2 407.4 291.3 70.9 134.9 96.4 25.4 13.3 18.7 71.0 128.1 3.9 7.1 0.81 12.2 30.7 58.4 302.1 5,437.8 1.00 17.9 (0.9) (13.8) 18.40 12.34 83
Nestle NESZ MK HOLD 79.00 12/15 590.7 634.6 697.7 251.9 270.6 297.5 31.4 29.2 26.6 240.0 259.8 3.0 3.3 3.06 12.2 24.7 79.5 234.5 18,525.5 3.33 23.7 (0.7) (16.6) 81.80 70.81 20
QL Resources QLG MK HOLD 4.36 3/16 192.0 225.2 263.0 15.4 18.0 21.1 28.3 24.2 20.7 0.0 5.1 0.0 1.2 0.24 6.7 7.1 12.7 1,248.0 5,441.4 1.27 3.4 (9.8) (35.2) 4.65 3.71 769
Sector 2,147.6 2,172.8 2,216.7 22.3 22.1 21.6 3.9 3.8 13.5 27.6 61.1 47,915.9 10.7 (1.8) (25.1)
EXCHANGE
Bursa Malaysia BURSA MK HOLD 8.61 12/15 198.6 204.3 211.5 37.0 38.1 39.4 23.2 22.6 21.8 34.5 36.4 4.0 4.2 0.41 38.3 10.6 25.6 536.3 4,617.3 1.44 6.0 6.7 39.9 9.00 7.48 478
Sector 198.6 204.3 211.5 23.2 22.6 21.8 4.0 4.2 38.3 10.6 25.6 4,617.3 6.0 6.7 39.9
GAMING
Berjaya Sports Toto BST MK BUY 3.28 4/16 306.2 307.2 320.5 22.7 22.8 23.8 14.4 14.4 13.8 19.0 20.5 5.8 6.2 0.24 5.5 12.6 42.3 1,348.0 4,421.3 n.a. n.a. (6.7) (41.1) 3.47 2.88 885
Genting Bhd GENT MK BUY 8.22 12/15 1,486.2 1,743.0 1,890.1 39.9 46.8 50.8 20.6 17.6 16.2 3.5 4.1 0.4 0.5 0.88 7.7 1.7 4.7 3,723.8 30,609.6 6.49 1.3 15.8 16.3 9.90 6.51 3,736
Genting Malaysia GENM MK HOLD 4.29 12/15 1,135.9 1,321.4 1,495.3 20.0 23.3 26.4 21.4 18.4 16.3 7.1 11.0 1.7 2.6 0.34 15.0 5.2 7.1 5,668.9 24,319.7 2.33 1.8 (0.9) (1.3) 4.64 3.75 4,067
Magnum MAG MK HOLD 2.40 12/15 228.1 253.5 258.3 16.0 17.8 18.2 15.0 13.5 13.2 16.0 16.8 6.7 7.0 0.16 8.2 6.3 9.4 1,423.0 3,415.2 n.a. n.a. (17.2) (24.1) 2.74 2.19 410
Sector 3,156.4 3,625.1 3,964.2 19.9 17.3 15.8 1.9 2.0 9.1 2.8 6.3 62,766.0 1.6 5.9 7.4
GLOVE MANUFACTURING
Hartalega HART MK SELL 4.30 3/16 257.6 273.7 308.2 15.7 16.7 18.8 27.4 25.8 22.9 9.0 10.0 2.1 2.3 0.20 17.2 15.1 18.6 1,641.1 7,056.7 0.90 4.8 (2.3) (11.8) 6.15 3.81 1,990
Kossan Rubber KRI MK BUY 6.66 12/15 203.3 239.5 275.5 31.8 37.5 43.1 21.0 17.8 15.5 12.7 15.0 1.9 2.2 0.42 12.5 14.8 22.8 639.5 4,258.9 1.56 4.3 (2.4) (11.6) 9.50 5.90 1,381
Top Glove TOPG MK HOLD 4.29 8/15 279.8 365.6 325.3 22.3 29.2 26.0 19.2 14.7 16.5 10.0 14.7 2.3 3.4 0.30 11.2 12.1 18.7 1,252.6 5,373.5 1.38 3.1 (4.8) (17.3) 7.03 3.47 4,114
Sector 740.6 878.8 909.0 22.5 19.0 18.4 2.1 2.7 13.1 13.7 19.6 16,689.0 4.0 (3.2) (14.0)
HEALTHCARE
KPJ Healthcare KPJ MK HOLD 4.28 12/15 144.6 159.2 170.4 13.8 15.2 16.3 30.9 28.1 26.2 4.9 6.2 1.1 1.5 0.24 4.7 3.6 9.4 1,044.9 4,472.3 1.25 3.4 (25.8) (81.9) 4.41 3.96 902
Sector 144.6 159.2 170.4 30.9 28.1 26.2 1.1 1.5 4.7 3.6 9.4 4,472.3 3.4 (25.8) (81.9)
INSURANCE
Syarikat Takaful STMB MK HOLD 4.01 12/15 155.9 169.1 187.8 19.0 20.6 22.9 21.1 19.4 17.5 7.4 10.4 1.8 2.6 n.a. n.a. 2.1 24.5 820.2 3,288.9 0.83 4.9 n.a. n.a. 4.44 3.45 404
Sector 155.9 169.1 187.8 21.1 19.4 17.5 1.8 2.6 n.a. 2.1 24.5 3,288.9 4.9 n.a. n.a.
MANUFACTURING
Scientex SCI MK BUY 12.70 7/15 172.8 266.1 314.8 75.0 115.5 136.6 16.9 11.0 9.3 22.0 33.9 1.7 2.7 0.88 8.8 10.4 19.1 230.5 2,927.0 4.98 2.6 (15.6) (55.2) 13.60 6.74 216
SKP Resources SKP MK HOLD 1.21 3/16 82.7 119.7 148.1 7.0 10.2 12.6 17.2 11.9 9.6 3.8 4.8 3.2 4.0 0.09 7.8 14.3 33.5 1,174.2 1,420.7 0.30 4.0 (0.6) (3.2) 1.55 1.12 2,981
VS Industry VSI MK BUY 1.32 7/15 128.1 129.2 187.9 11.0 11.0 16.1 12.1 12.0 8.2 4.8 4.0 3.6 3.0 0.17 6.9 7.8 20.4 1,169.9 1,544.3 0.73 1.8 (3.3) (7.8) 1.69 1.00 5,986
Sector 383.7 515.0 650.8 15.4 11.4 9.1 1.7 1.7 7.8 9.8 21.6 5,892.0 4.7 (8.8) (29.9)

August 2016
Avg Daily
MEDIA
Astro ASTRO MK HOLD 2.92 1/16 615.3 623.0 714.7 11.8 12.0 13.7 24.7 24.4 21.3 12.0 12.0 4.1 4.1 0.23 11.2 9.0 95.1 5,205.0 15,198.6 n.a. n.a. (20.9) (489.6) 3.12 2.41 3,000
Sector 615.3 623.0 714.7 24.7 24.4 21.3 4.1 4.1 11.2 9.0 95.1 15,198.6 n.a. (20.9) (489.6)
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
Sector 364.3 367.8 409.4 26.7 26.4 23.8 1.2 1.2 6.6 4.1 7.2 9,725.0 2.0 10.3 22.6
OIL & GAS - OFFSHORE ASSET OWNERS

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
Sector 395.3 471.3 738.6 20.2 17.0 10.8 0.8 0.9 n.m n.m n.m 7,993.2 0.9 (116.6) (97.9)
OIL & GAS - OFFSHORE CONTRACTORS

BarakahOffshorePetroleum BARAKAHMK SELL 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 0.64 741
Deleum 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 UZMA MK HOLD 1.89 12/15 39.6 39.6 58.4 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 1.9 (45.0) (82.7) 2.52 1.56 319
Sector 829.0 428.2 376.0 12.2 23.6 26.9 2.8 2.8 6.9 2.2 6.4 10,103.2 2.1 (152.7) (118.5)
OIL & GAS - SHIPPING

MISC MISC MK HOLD 7.51 12/15 2,797.2 2,210.4 2,050.5 62.7 49.5 45.9 12.0 15.2 16.3 30.0 14.9 4.0 2.0 0.87 23.5 5.7 8.1 4,463.8 33,523.1 7.12 1.1 (0.9) (0.9) 9.41 6.88 4,211
Sector 2,797.2 2,210.4 2,050.5 12.0 15.2 16.3 4.0 2.0 23.5 5.7 8.1 33,523.1 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 8.52 622
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 9/15 905.2 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
Sime Darby SIME MK HOLD 7.42 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
Sector 3,864.1 3,653.3 5,238.8 28.3 30.0 20.9 2.5 2.3 5.0 3.8 7.2 109,415.8 2.3 (20.6) (45.6)
PORT
Westports WPRTS MK SELL 4.50 12/15 510.4 585.1 600.4 15.0 17.2 17.6 30.1 26.2 25.6 11.2 12.9 2.5 2.9 0.19 30.0 12.8 27.6 3,410.0 15,345.0 0.59 7.6 (4.8) (40.6) 4.58 3.62 3,370
Sector 510.4 585.1 600.4 30.1 26.2 25.6 2.5 2.9 30.0 12.8 27.6 15,345.0 7.6 (4.8) (40.6)

August 2016
Avg Daily
PROPERTY
Eco World ECW MK HOLD 1.29 10/15 43.7 122.3 190.0 1.8 5.2 8.0 69.8 24.9 16.1 0.0 0.0 0.0 0.0 0.00 5.2 1.0 1.8 2,364.3 3,049.9 1.36 0.9 (57.1) (541.7) 1.67 1.17 1,712
Mah Sing MSGB MK HOLD 1.62 12/15 367.1 393.3 386.5 15.2 16.3 16.0 10.6 9.9 10.1 6.4 6.5 3.9 4.0 0.17 12.4 6.5 14.3 2,409.4 3,903.3 1.33 1.2 (8.5) (12.2) 1.64 1.24 1,234
MRCB MRC MK HOLD 1.17 12/15 2.4 75.1 124.3 0.1 4.0 6.6 927.8 29.4 17.8 2.0 2.0 1.7 1.7 0.20 19.5 4.7 15.6 1,886.6 2,207.3 1.03 1.1 (125.2) (130.2) 1.52 0.80 3,082
SP Setia SPSB MK HOLD 3.07 10/15 583.1 778.1 719.5 22.1 29.5 27.3 13.9 10.4 11.3 14.0 23.1 4.6 7.5 0.36 13.6 6.1 13.6 2,637.6 8,097.5 2.79 1.1 (28.6) (34.3) 3.40 2.80 649
Sunsuria SSR MK BUY 0.85 9/15 11.5 43.5 138.3 1.4 5.4 17.3 58.5 15.5 4.9 0.0 0.0 0.0 0.0 0.02 22.3 1.1 2.1 798.8 675.0 0.73 1.2 (18.2) (20.9) 0.95 0.76 145
Sunway Bhd SWB MK BUY 2.93 12/15 590.7 514.6 531.5 29.3 25.5 26.3 10.0 11.5 11.1 10.0 10.0 3.4 3.4 0.41 16.5 5.1 11.7 2,017.8 5,912.0 3.33 0.9 (48.0) (45.4) 3.28 2.89 1,152
UEM Sunrise UEMS MK HOLD 1.04 12/15 257.2 242.4 264.8 5.7 5.3 5.8 18.3 19.5 17.8 3.0 3.0 2.9 2.9 0.07 14.7 2.2 3.9 4,537.4 4,718.9 1.36 0.8 (44.8) (32.2) 1.37 0.76 8,875
Sector 1,855.8 2,169.4 2,354.9 15.4 13.2 12.1 3.1 4.0 14.7 4.7 10.4 28,564.0 1.0 (42.8) (48.3)
REITs
Axis REIT AXRB MK HOLD 1.77 12/15 94.6 91.6 101.4 8.6 8.3 9.2 20.7 21.3 19.3 8.4 8.4 4.7 4.7 0.09 58.9 4.6 7.2 1,105.2 1,956.2 1.23 1.4 (20.7) (30.3) 1.85 1.49 518
CMMT CMMT MK HOLD 1.51 12/15 155.1 167.1 175.3 7.6 8.2 8.6 19.7 18.3 17.5 8.6 8.6 5.7 5.7 0.11 65.5 6.0 9.1 2,028.3 3,062.8 1.28 1.2 (35.6) (44.0) 1.61 1.24 981
IGB REIT IGBREIT MK BUY 1.64 12/15 254.0 273.9 294.6 7.3 7.9 8.5 22.5 20.9 19.4 8.2 9.0 5.0 5.5 0.07 51.9 4.9 6.9 3,483.3 5,712.7 1.05 1.6 (16.9) (26.3) 1.74 1.24 1,504
KLCC Property KLCCSS MK HOLD 7.50 12/15 724.5 746.0 761.6 40.1 41.3 42.2 18.7 18.1 17.8 35.0 36.4 4.7 4.8 0.63 84.4 6.6 9.2 1,805.3 13,540.0 6.95 1.1 (10.7) (11.8) 7.88 6.80 629
Pavilion REIT PREIT MK HOLD 1.85 12/15 241.1 258.7 288.3 8.0 8.6 9.5 23.2 21.6 19.4 8.2 8.6 4.4 4.7 0.09 68.2 6.0 7.4 3,019.8 5,586.6 1.28 1.5 (18.9) (27.5) 1.90 1.39 892
Sunway REIT SREIT MK BUY 1.67 6/15 234.7 254.5 277.9 8.0 8.6 9.4 20.9 19.3 17.7 8.7 9.3 5.2 5.5 0.08 334.0 4.5 6.7 2,942.4 4,913.8 1.34 1.3 (43.9) (60.0) 1.77 1.43 2,172
Sector 1,704.1 1,791.9 1,899.1 20.4 19.4 18.3 4.9 5.1 79.0 5.8 8.2 34,772.1 1.2 (20.5) (26.2)
TECHNOLOGY
JCY International JCYH MK HOLD 0.60 9/15 183.2 121.9 149.8 8.9 5.9 7.3 6.7 10.1 8.2 6.8 5.0 11.3 8.4 0.15 1.1 12.5 17.3 2,060.2 1,225.8 0.59 1.0 25.5 25.8 0.92 0.58 3,915
Sector 183.2 121.9 149.8 6.7 10.1 8.2 11.3 8.4 1.1 12.5 17.3 1,225.8 1.0 25.5 25.8
TELECOMMUNICATIONS
Axiata Axiata MK HOLD 5.69 12/15 2,070.5 2,357.6 2,661.9 23.2 26.4 29.8 24.5 21.5 19.1 20.0 23.4 3.5 4.1 0.76 12.8 6.2 11.5 8,925.6 50,786.7 1.04 5.4 (20.5) (47.0) 6.85 5.18 7,960
DiGi.Com DIGI MK HOLD 4.96 12/15 1,812.7 1,736.9 1,757.8 23.3 22.3 22.6 21.3 22.2 21.9 22.0 22.3 4.4 4.5 0.30 24.9 38.4 285.8 7,775.0 38,564.0 n.a. n.a. (2.7) (175.6) 5.85 4.31 8,684
Maxis Maxis MK HOLD 6.02 12/15 1,953.0 1,880.9 1,855.8 26.0 25.0 24.7 23.1 24.0 24.4 20.0 22.0 3.3 3.7 0.39 20.2 9.4 39.1 7,510.3 45,211.8 n.a. n.a. (18.2) (184.5) 7.20 5.36 3,906
Telekom Malaysia T MK SELL 6.83 12/15 894.9 879.8 834.0 23.8 23.4 22.2 28.7 29.2 30.8 21.4 22.1 3.1 3.2 2.36 6.0 3.0 9.1 3,757.9 25,666.7 1.85 3.7 (17.8) (59.6) 7.10 6.00 5,829
Sector 6,731.1 6,855.2 7,109.5 23.8 23.4 22.5 3.6 3.9 14.3 7.7 19.3 160,229.1 9.9 (15.1) (69.6)
UTILITY
Gas Malaysia GMB MK BUY 2.40 12/15 124.1 143.0 148.6 9.7 11.1 11.6 24.8 21.5 20.7 8.3 11.1 3.4 4.6 0.12 2.9 5.5 10.7 1,284.0 3,081.6 0.78 3.1 12.8 39.9 2.53 1.93 283
Malakoff MLK MK BUY 1.61 12/15 432.4 450.0 478.5 8.6 9.0 9.6 18.6 17.9 16.8 6.3 6.3 n.a. 3.9 0.37 8.5 1.5 9.3 5,000.0 8,050.0 0.35 4.6 (172.7) (284.6) 1.79 1.18 4,005
Tenaga Nasional TNB MK BUY 14.38 8/15 6,937.7 7,295.5 7,369.9 122.9 129.3 130.6 11.7 11.1 11.0 29.0 36.4 2.0 2.5 2.02 14.1 5.4 13.5 5,643.6 81,155.1 9.03 1.6 (38.0) (68.1) 14.60 10.26 10,725
Sector 7,494.2 7,888.5 7,997.0 12.3 11.7 11.5 1.9 2.7 12.8 4.6 13.1 92,286.7 1.7 (48.0) (86.7)
OVERALL 61.5b 62.7b 67.5b 16.8 16.5 15.3 3.2 3.2 16.9 1.9 10.4 1,034.1 b 2.0 (16.5) (29.4)
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.

August 2016
Economics
2013 2014 2015 2016F 2Q15 3Q15 4Q15 1Q16 Mar 16 Apr 16 May 16 Jun 16
GDP by Sector (Real) (yoy % chg)
GDP 4.7 6.0 5.0 4.2 4.9 4.7 4.5 4.2 n.a. n.a. n.a. n.a.
Agriculture 1.9 2.1 1.2 (1.4) 4.6 2.3 1.5 (3.8) n.a. n.a. n.a. n.a.
Mining & Quarrying 1.2 3.3 4.7 0.9 6.0 5.1 (1.3) 0.3 n.a. n.a. n.a. n.a.
Manufacturing 3.4 6.2 4.9 4.6 4.2 4.9 5.0 4.5 n.a. n.a. n.a. n.a.
Construction 10.8 11.8 8.2 8.6 5.6 9.9 7.4 7.9 n.a. n.a. n.a. n.a.
Services 6.0 6.5 5.1 5.0 5.0 4.4 5.0 5.1 n.a. n.a. n.a. n.a.
Utilities 4.4 3.8 3.5 3.3 3.9 3.1 3.2 6.8 n.a. n.a. n.a. n.a.
Transport & Storage 4.6 5.2 5.7 6.0 5.4 5.7 5.9 5.8 n.a. n.a. n.a. n.a.
Information & Communication 9.1 9.7 9.4 8.4 9.3 9.6 9.2 8.5 n.a. n.a. n.a. n.a.
Finance 2.2 1.8 (0.4) 0.5 1.7 (2.9) (1.3) 0.2 n.a. n.a. n.a. n.a.
Other Services 5.6 4.8 4.7 4.6 4.7 4.8 4.6 4.6 n.a. n.a. n.a. n.a.
Government Services 7.6 6.1 4.0 5.0 4.0 3.2 4.7 5.3 n.a. n.a. n.a. n.a.
External Trade
Exports of Goods (yoy % chg) 2.5 6.3 1.9 4.1 (3.7) 5.5 8.1 1.0 n.a. 0.2 1.6 (0.9)
Imports of Goods (yoy % chg) 6.9 5.3 0.4 2.2 (5.2) 2.9 3.5 (0.4) n.a. (5.5) (2.3) 3.1
Trade Balance (RMb) 71.3 82.5 94.3 110.9 20.4 22.2 30.6 23.9 n.a. 11.2 9.1 3.3
Current Account Balance (RMb) 35.5 47.3 34.0 18.0 8.1 4.7 10.5 5.0 n.a. n.a. n.a. n.a.
Monetary Data (end of period)

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

Industrial Production Index 3.4 5.1 4.5 3.5 4.3 4.5 2.9 3.3 n.a. 2.8 3.0 2.7
Inflation 2.1 3.1 2.1 2.4 2.2 3.0 2.6 3.4 n.a. 2.6 2.1 2.0
Unemployment Rate (NSA) 3.0 3.0 3.3 3.5 3.2 3.3 3.4 3.5 n.a. 3.5 3.5 3.4
Source: CEIC, UOB Economic-Treasury Research

August 2016
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 Lowest Dividend Yield (%) Historical Lowest 90 days Volatility (%) Lowest Market Cap (RMm)
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 Barakah Offshore Petroleum 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

August 2016
Performance At A Glance
Share Price (RM) -------------- % Change -------------- Share Price (RM) -------------- % Change --------------
Company 30 Jun 16 29 Jul 16 mom yoy ytd Company 30 Jun 16 29 Jul 16 mom yoy ytd
AUTOMOBILE CONSUMER
Berjaya Auto 2.22 2.34 5.5 (2.7) 16.8 BAT 52.70 49.36 (6.3) (23.1) (9.8)
UMW Holdings 5.73 5.70 (0.5) (41.4) (26.5) Carlsberg 13.22 14.36 8.6 21.4 29.1
Sector 1.1 (33.9) (17.8) Heineken 15.14 18.00 18.9 36.0 40.8
Nestle 76.52 79.00 3.2 13.7 9.5
AVIATION QL Resources 4.37 4.36 (0.2) 4.2 1.6
AirAsia 2.60 2.93 12.7 119.3 131.3 Sector 1.8 0.9 6.1
Malaysia Airports 6.12 5.95 (2.8) 1.8 6.8
EXCHANGE
Sector 3.7 34.4 41.2
Bursa Malaysia 8.56 8.61 0.6 8.8 5.2
BANKING Sector 0.6 8.8 5.2
Affin 2.12 2.13 0.5 (12.8) (6.9)
GAMING
Alliance Financial 4.03 3.98 (1.2) (2.5) 13.6 Berjaya Sports Toto 2.99 3.28 9.6 4.5 12.5
AMMB 4.44 4.30 (3.2) (19.6) (5.1) Genting Bhd 8.20 8.22 0.2 1.4 12.5
BIMB 3.90 4.04 3.6 1.2 5.5 Genting Malaysia 4.45 4.29 (3.6) 2.2 (1.1)
CIMB Group 4.37 4.39 0.5 (16.0) (1.1) Magnum 2.30 2.40 4.3 (5.6) (1.4)
Hong Leong Financial 14.68 15.22 3.7 0.3 10.9 Sector (0.5) 1.5 6.0
Hong Leong Bank 13.18 13.12 (0.5) 3.0 (1.3)
GLOVE MANUFACTURING
Maybank 8.14 8.02 (1.5) (7.2) (1.1) Hartalega 4.33 4.30 (0.7) 1.3 (27.0)
Public Bank 19.40 19.50 0.5 5.8 7.1 Kossan Rubber 6.85 6.66 (2.8) (7.3) (27.7)
RHB Bank 5.12 5.09 (0.6) (5.8) 19.0 Top Glove 4.60 4.29 (6.7) 15.3 (35.3)
Sector (0.2) (4.5) 2.8 Sector (3.2) (1.2) (30.4)
CONGLOMERATE HEALTHCARE
MMC Corp 2.01 2.10 4.5 (2.4) 9.1 KPJ Healthcare 4.23 4.28 1.2 1.2 2.3
PPB Group 16.50 16.00 (3.0) 5.3 1.7 Sector 1.2 1.2 2.3
Sector (1.2) 3.3 3.5 INSURANCE
CONSTRUCTION Syarikat Takaful 4.05 4.01 (1.0) 2.4 4.8
Gamuda 4.80 4.82 0.4 2.6 6.1 Sector (1.0) 2.4 4.8
IJM Corp 3.49 3.39 (2.9) 2.7 2.4 MANUFACTURING
Kerjaya Prospek 2.00 2.29 14.8 59.6 42.9 SKP Resources 1.16 1.21 4.3 (19.7) (7.6)
Sunway Constuction 1.60 1.65 3.1 44 21.1 Scientex 12.32 12.70 3.1 83.0 33.2
WCT Holdings 1.50 1.56 4.0 15.0 (1.8) VS Industry 1.17 1.32 12.6 8.3 (13.2)
Sector (0.1) 7.1 5.7 Sector 5.7 19.5 6.9

August 2016
Share Price (RM) -------------- % Change -------------- Share Price (RM) -------------- % Change --------------
Company 30 Jun 16 29 Jul 16 mom yoy ytd Company 30 Jun 16 29 Jul 16 mom yoy ytd
MEDIA PROPERTY
Astro 2.93 2.92 (0.3) (0.6) 8.4 Eco World 1.27 1.29 1.6 (16.8) (12.2)
Sector (0.3) (0.6) 8.4 Mah Sing 1.47 1.62 10.2 11.7 11.7
MRCB 1.06 1.17 10.4 10.7 (6.6)
OIL & GAS - HEAVY ENGINEEING SP Setia 2.90 3.07 5.9 8.7 2.3
Dialog 1.54 1.52 (1.3) (4.3) (4.4) Sunsuria 0.83 0.85 1.8 (9.1) (6.6)
MMHE 1.13 1.07 (5.3) (6.1) 7.0 Sunway Bhd 3.00 2.93 (2.3) (5.4) (3.0)
Sector (2.0) (4.6) (2.6) UEM Sunrise 1.03 1.04 1.0 8.3 (5.7)
OIL & GAS - OFFSHORE ASSET OWNERS Sector 3.8 5.2 (0.4)
Bumi Armada 0.72 0.75 3.9 (32.1) (26.2) REITs
Perisai Petroleum 0.24 0.23 (4.3) (43.0) (19.6) Axis REIT 1.70 1.77 4.1 8.4 10.7
Yinson 2.73 3.07 12.5 0.9 4.8 CMMT 1.51 1.51 0.1 16.5 15.6
Sector 7.0 (21.9) (15.5) IGB REIT 1.61 1.64 1.9 28.9 25.7
OIL & GAS - OFFSHORE CONTRACTORS KLCC Property 7.48 7.50 0.3 11.1 9.0
Barakah Offshore Petroleum 0.70 0.67 (4.3) (33.2) (25.3) Pavilion REIT 1.73 1.85 6.9 26.0 22.5
Sunway REIT 1.66 1.67 0.6 13.6 18.1
Deleum 1.10 1.09 (0.9) (14.7) 2.1
Sector 1.8 16.7 15.5
SapuraKencana Petroleum 1.47 1.43 (2.7) (41.6) (29.2)
Uzma 1.92 1.89 (1.6) (24.4) (5.5) TECHNOGOLY
Sector (2.7) (39.6) (27.0) JCY International 0.60 0.60 (0.8) (12.0) (27.8)
Sector (0.8) (12.0) (27.8)
OIL & GAS - SHIPPING
MISC 7.46 7.51 0.7 (0.3) (17.8) TELECOMMUNICATIONS
Sector 0.7 (0.3) (17.8) Axiata 5.63 5.69 1.1 (7.5) (9.3)
DiGi 4.78 4.96 3.8 (4.2) (6.2)
PLANTATION Maxis 5.89 6.02 2.2 (6.8) (9.9)
Genting Plantations 10.62 10.54 (0.8) 1.9 (0.3) Telekom Malaysia 6.77 6.83 0.9 7.7 2.6
IJM Plantations 3.40 3.30 (2.9) (4.3) (5.7) Sector 2.0 (4.3) (7.0)
IOI Corp 4.34 4.23 (2.5) 1.7 (4.5)
Kuala Lumpur Kepong 23.11 23.12 0.0 7.1 3.0 UTILITY
Gas Malaysia 2.38 2.40 0.8 0.1 2.1
Sime Darby 7.59 7.42 (2.2) (12.1) (3.5)
Malakoff 1.60 1.61 0.6 (4.6) 1.8
Sector (1.7) (3.8) (2.2)
Tenaga Nasional 14.10 14.38 2.0 20.5 8.7
PORT Sector 1.8 17.0 7.9
Westports 4.20 4.50 7.1 15.4 10.8
Sector 7.1 15.4 10.8 OVERALL 0.7 (0.7) (0.1)

August 2016
Automobile Aviation Banking

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
105 150 108
100 FBMKLCI 140 106

Av iation
Banking
95 104
130
90 102
120
85 Automobile 100
110 FBMKLCI
80 98
75 100 96
FBMKLCI
70 90 94
Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun Jul
Conglomerate Construction Consumer

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
108 110 112
Conglomerate 110
106 108
Construction 108
106
104
106
104 Consumer
102 104
102
100 102
100
100
98 FBMKLCI
98 98 FBMKLCI
96 96 96
FBMKLCI
94 94 94

August 2016
Exchange Gaming Glove Manufacturing

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
110 120 105
Ex change
108 100 FBMKLCI
115
106 95
Gaming
110
104 90
102 105 85
100 80
FBMKLCI 100
98 FBMKLCI 75
95
96 70 Glov e Manufacturing
94 90 65
Healthcare Insurance Manufacturing

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
106 114 112
Healthcare 110
104 Manufacturing
110 108
102 Insurance 106
106
104
100
102
102
98 100
FBMKLCI 98
98
96
96 FBMKLCI
FBMKLCI
94 94 94

August 2016
Media Oil & Gas - Heavy Engineering Oil & Gas - Offshore Asset Owners
(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
112 106 105
Media
108 104 100 FBMKLCI
102 95
104
100 90
100
98 85
96
96 80
FBMKLCI FBMKLCI
92 94 75 Oil & Gas - Offshore Asset Ow ners
Oil & Gas - Heav y Engineering
88 92 70
Oil & Gas - Offshore Contractors Oil & Gas - Shipping Plantation
(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
110 105 108
105 106
100 FBMKLCI Plantation
100 FBMKLCI
104
95 95
90 102
90
85 100
80 85 Oil & Gas - Shipping FBMKLCI
98
75 Oil & Gas - Offshore Contractors
80 96
70
65 75 94

August 2016
Port Property REITs

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
112 103 120
110
101
108 FBMKLCI 115
106 Port 99
104 97 110 REITs
102
100 95 105
98 93
96 100
FBMKLCI 91 Property FBMKLCI
94
92 89 95
Technology Telecommunications Utility

(31 Dec 15=100) (31 Dec 15=100) (31 Dec 15=100)
105 103 110
101 108
100 FBMKLCI
99 FBMKLCI Utility
106
95 97
95 104
90
93 102
85 91 100
80 89
Telecommunications 98 FBMKLCI
87
75 Technology 96
85
70 83 94

August 2016
Warrants
29 Jul 16 Warrant Exercise Share Conversion Warrant Warrant 52-Week Issue Years
Price Price Price Price Premium Gearing High Low Size To Run Expiry
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
AGRICULTURE
Genting Plantations 2019 2.68 7.75 10.54 10.43 (1.0) 3.9 3.20 1.50 139.2 2.9 17/06/19
Muar Ban Lee Group 2022 0.365 0.80 0.96 1.17 21.4 2.6 0.39 0.155 46.0 6.3 28/11/22
AVIATION
AirAsia X 2020 0.295 0.46 0.40 0.76 88.8 1.4 0.34 0.035 888.9 3.9 08/06/20
BUILDING MATERIAL
BTM Resources 2019 0.065 0.94 0.205 1.01 390.2 3.2 0.285 0.04 18.6 3.4 20/12/19
BTM Resources 2024 0.11 0.20 0.205 0.31 51.2 1.9 0.33 0.08 32.6 8.2 23/10/24
DPS Resource 2018 0.035 0.54 0.09 0.58 538.9 2.6 0.065 0.015 66.0 1.4 03/01/18
Harvest Court 2019 0.05 0.25 0.21 0.30 42.9 4.2 0.105 0.04 80.7 3.3 19/11/19
Harvest Court 2023 0.055 0.25 0.21 0.31 45.2 3.8 0.12 0.04 33.2 7.1 25/08/23
Lion Corp 2019 0.005 1.00 0.02 1.01 4925.0 4.0 0.065 0.005 36.7 2.7 14/04/19
CONSTRUCTION
Ahmad Zaki Resources 2024 0.30 0.70 0.64 1.00 56.3 2.1 0.38 0.15 103.3 7.8 13/05/24
Fajarbaru Builder 2019 0.17 0.70 0.535 0.87 62.6 3.1 0.23 0.06 109.6 3.1 24/09/19
Gamuda 2021 1.17 4.05 4.82 5.22 8.3 4.1 1.28 0.805 401.0 4.6 06/03/21
Jetson 2019 0.075 0.75 0.22 0.83 275.0 2.9 0.15 0.065 34.2 2.5 06/02/19
Kimlun 2024 0.68 1.68 1.78 2.36 32.6 2.6 0.865 0.26 60.1 8.3 03/12/24
Kumpulan Europlus 2016 0.005 1.18 0.92 1.19 28.8 184.0 0.25 0.005 214.9 0.1 26/08/16
Pesona Metro 2020 0.135 0.25 0.37 0.39 4.1 2.7 0.30 0.12 255.1 3.5 27/01/20
Resintech 2016 0.025 0.50 0.42 0.53 25.0 16.8 0.15 0.015 68.6 0.2 26/09/16
TMC Life 2019 0.255 0.75 0.88 1.01 14.2 3.5 0.285 0.105 866.4 2.9 21/06/19
TRC Synergy 2017 0.095 1.00 0.445 1.10 146.1 4.7 0.17 0.025 36.9 0.5 20/01/17
Unimech 2018 0.09 1.50 1.15 1.59 38.3 12.8 0.25 0.09 60.4 2.1 18/09/18
WCT Holdings 2017 0.185 2.05 1.56 2.24 43.3 8.4 0.29 0.10 164.8 1.4 11/12/17
WCT Holdings 2020 0.185 2.08 1.56 2.27 45.2 8.4 0.28 0.13 236.6 4.1 27/08/20
Zecon 2017 0.045 1.06 0.585 1.11 88.9 13.0 0.235 0.03 44.2 0.6 05/03/17

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
CONSUMER
Asia Media 2018 0.025 1.10 0.15 1.13 650.0 6.0 0.04 0.005 82.4 1.4 01/01/18
Berjaya Food 2017 1.08 0.70 1.67 1.78 6.6 1.5 1.78 1.08 115.1 1.0 08/08/17
CAB Cakaran 2020 1.09 0.55 1.68 1.64 (2.4) 1.5 1.33 0.41 65.8 3.5 08/02/20
Careplus Group 2016 0.005 0.32 0.315 0.33 3.2 63.0 0.285 0.005 150.5 0.0 09/08/16
China Stationery 2017 0.01 1.15 0.08 1.16 1350.0 8.0 0.045 0.005 596.3 1.1 18/09/17
D'Nonce 2020 0.075 0.25 0.22 0.33 47.7 2.9 0.11 0.065 90.2 4.3 25/11/20
Farm's Best 2018 0.145 1.00 0.68 1.15 68.4 4.7 0.285 0.085 27.8 2.0 14/07/18
Fiamma 2018 1.45 1.00 0.565 2.45 333.6 0.4 1.60 1.35 52.4 2.3 26/11/18
Hovid 2018 0.22 0.18 0.40 0.40 0.0 1.8 0.315 0.19 381.0 1.8 05/06/18
GPA Holdings 2025 0.035 0.10 0.095 0.14 42.1 2.7 0.05 0.025 490.2 8.8 03/06/25
Kanger International 2020 0.215 0.10 0.305 0.32 3.3 1.4 0.245 0.03 258.0 3.7 13/04/20
Kuantan Flour 2016 0.005 0.51 0.085 0.52 505.9 17.0 0.04 0.005 37.2 0.2 19/10/16
Niche Capital 2017 0.09 0.16 0.03 0.25 733.3 0.3 0.20 0.08 53.1 1.0 09/08/17
Malayan Flour 2017 0.25 2.06 1.49 2.31 55.0 6.0 0.295 0.10 107.6 0.8 09/05/17
Maxwell 2020 0.005 0.40 0.02 0.41 1925.0 4.0 0.025 0.005 199.4 3.6 24/03/20
Multi Sports 2017 0.01 0.18 0.035 0.19 442.9 3.5 0.03 0.005 258.8 1.3 09/11/17
Oriental Media 2019 0.125 0.10 0.20 0.23 12.5 1.6 0.17 0.05 320.2 2.5 18/01/19
Prolexus 2021 0.48 1.20 1.48 1.68 13.5 3.1 0.54 0.405 56.8 4.9 14/06/21
PWF Consolidated 2021 0.27 0.62 0.70 0.89 27.1 2.6 0.295 0.235 46.8 5.0 20/07/21
Red Sena 0.065 0.50 0.405 0.57 39.5 6.2 0.115 0.065 1,000.0 7.4 10/12/23
Signature International 2021 0.30 0.97 1.0 1.27 27.0 3.3 0.465 0.27 59.1 4.7 21/04/21
Spring Gallery 2021 0.105 0.60 0.59 0.71 19.5 5.6 0.33 0.095 522.5 4.7 07/04/21
Spritzer 2016 1.22 1.18 2.45 2.40 (2.0) 2.0 1.55 0.62 32.7 0.4 13/12/16
Saudee 2021 0.10 0.50 0.305 0.60 96.7 3.1 0.15 0.06 45.0 0.4 13/12/16
O&C Resources 2016 0.055 0.35 0.405 0.41 (0.0) 7.4 0.205 0.035 56.4 0.1 04/09/16
O&C Resources 2021 0.095 0.50 0.405 0.60 46.9 4.3 0.11 0.09 66.1 5.0 24/07/21
Tek Seng 2020 1.08 0.25 1.34 1.33 (0.7) 1.2 1.15 0.15 120.0 3.5 29/01/20
Teo Seng Capital 2020 0.385 1.35 1.19 1.74 45.8 3.1 0.81 0.36 50.0 3.5 29/01/20
Tomypak 2021 0.44 2.29 1.76 2.73 55.1 4.0 0.46 0.305 54.7 4.9 21/06/21

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
TPC Plus 2021 0.25 0.20 0.435 0.45 3.4 1.7 0.33 0.15 80.0 4.5 19/01/21
Voir Holding 2024 0.27 0.50 0.65 0.77 18.5 2.4 0.32 0.08 60.0 7.7 31/03/24
Xidelang Holding 2017 0.005 0.06 0.04 0.07 62.5 8.0 0.03 0.005 363.0 0.5 22/01/17
Xidelang Holding 2018 0.01 0.04 0.04 0.05 25.0 4.0 0.09 0.01 881.2 1.5 07/02/18
Xinghe Holdings 2019 0.01 0.10 0.035 0.11 214.3 3.5 0.025 0.005 1,174.3 2.6 22/03/19
Xingquan Internatinal 2019 0.015 1.00 0.145 1.02 600.0 9.7 0.075 0.015 169.0 3.1 24/09/19
Xingquan Internatinal 2021 0.04 0.40 0.145 0.44 203.4 3.6 0.095 0.04 49.0 4.7 28/03/21
Voir Holdings 2024 0.27 0.50 0.65 0.77 18.5 2.4 0.32 0.08 60.0 7.7 31/03/24
FINANCE
BIMB 2023 0.31 4.72 4.04 5.03 24.5 13.0 0.435 0.225 426.7 7.3 04/12/23
GAMING
Genting Bhd 2018 1.65 7.96 8.22 9.61 16.9 5.0 2.38 0.53 764.2 2.4 18/12/18
INDUSTRIAL
AE Multi 2019 0.05 0.25 0.15 0.30 100.0 3.0 0.075 0.03 65.9 3.4 17/12/19
Asia Poly 2020 0.135 0.10 0.21 0.24 11.9 1.6 0.175 0.095 58.6 4.4 13/12/20
Astral Supreme 2016 0.005 0.20 0.125 0.21 64.0 25.0 0.035 0.005 39.9 0.0 08/08/16
Astral Supreme 2018 0.025 0.20 0.125 0.23 80.0 5.0 0.05 0.025 70.4 1.9 20/06/18
Atta Global 2022 0.095 1.00 0.49 1.10 123.5 5.2 0.18 0.095 21.4 5.8 09/05/22
Atta Global 2024 0.095 1.00 0.49 1.10 123.5 5.2 0.18 0.095 10.7 8.3 18/11/24
BHS Industries 2020 0.135 0.60 0.42 0.74 75.0 3.1 0.21 0.08 198.3 4.2 18/10/20
Bintai Kinden 2020 0.105 0.20 0.195 0.31 56.4 1.9 0.28 0.09 100.7 3.9 15/06/20
Bright Packaging 2019 0.07 0.82 0.31 0.89 187.1 4.4 0.185 0.06 57.7 2.4 12/01/19
Boon Koon Group 2023 0.045 0.20 0.11 0.25 122.7 2.4 0.065 0.035 138.4 6.9 07/07/23
CB Industrial 2019 0.365 2.40 1.95 2.77 41.8 5.3 0.505 0.255 88.4 3.3 06/11/19
China Automobile Parts 2016 0.005 0.35 0.03 0.36 1083.3 6.0 0.045 0.005 300.0 0.4 29/12/16
Destini 2016 0.185 0.40 0.60 0.59 (2.5) 3.2 0.235 0.125 242.0 0.2 02/10/16
Dolphin 2021 0.125 0.80 0.55 0.93 68.2 4.4 0.255 0.12 55.5 4.7 29/03/21

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
Dominant 2020 0.24 1.30 1.13 1.54 36.3 4.7 0.42 0.20 45.8 4.1 10/09/20
EG Industries 2020 0.525 0.50 0.84 1.03 22.0 1.6 0.815 0.39 57.6 4.3 03/11/20
Ewein 2017 0.265 0.61 0.895 0.88 (2.2) 3.4 0.86 0.22 33.8 0.9 10/06/17
Furniweb Industrial 2019 0.40 0.75 1.11 1.15 3.6 2.8 0.435 0.16 54.3 2.9 06/07/19
Fututech 2017 1.43 1.00 2.29 2.43 6.1 1.6 1.55 0.35 23.5 1.4 20/12/17
GBH 2020 0.37 1.00 1.40 1.37 (2.1) 3.8 0.50 0.34 61.9 3.7 07/04/20
AbleGroup 2017 0.015 0.15 0.095 0.17 73.7 6.3 0.085 0.01 21.8 0.5 19/01/17
Hap Seng Conso 2016 6.0 1.65 7.75 7.65 (1.3) 1.3 6.20 3.47 364.4 0.0 09/08/16
Heveaboard 2020 0.91 0.25 1.18 1.16 (1.7) 1.3 1.51 0.625 159.8 3.6 28/02/20
Homeritz 2020 0.34 0.92 0.885 1.26 42.4 2.6 0.595 0.30 50.0 4.1 07/09/20
Hiap Teck 2017 0.055 0.69 0.285 0.75 161.4 5.2 0.255 0.025 159.4 0.4 09/01/17
Hiap Teck 2021 0.095 0.50 0.285 0.60 108.8 3.0 0.115 0.065 285.2 4.9 23/06/21
Inari 2018 2.80 0.264 3.10 3.06 (1.2) 1.1 4.45 2.37 21.1 1.8 04/06/18
Inari 2020 1.58 1.60 3.10 3.18 2.6 2.0 2.82 1.02 65.6 3.5 17/02/20
Ire-tex Corporation 100619 0.04 0.80 0.24 0.84 250.0 6.0 0.09 0.02 58.8 2.9 10/06/19
Johore Tin 2017 0.47 2.28 2.19 2.75 25.6 4.7 0.935 0.12 23.3 1.3 21/11/17
KBB Resources 2019 0.025 0.20 0.07 0.23 221.4 2.8 0.065 0.02 120.0 2.5 22/01/19
Leweko Resources 2020 0.055 0.20 0.12 0.26 112.5 2.2 0.15 0.055 100.2 4.1 08/09/20
Luster Industries 2022 0.035 0.10 0.07 0.14 92.9 2.0 0.045 0.025 441.6 5.8 03/06/22
Luster Industries 2023 0.04 0.10 0.07 0.14 100.0 1.8 0.045 0.025 216.0 6.8 26/05/23
MBM Resources 2017 0.145 3.20 2.38 3.35 40.5 16.4 0.365 0.035 73.2 0.9 14/06/17
Mclean Technology 2020 0.06 0.25 0.18 0.31 72.2 3.0 0.105 0.05 28.2 4.2 07/10/20
ML Global 2019 0.235 0.50 0.62 0.74 18.5 2.6 0.36 0.115 26.7 3.2 27/10/19
Muar Ban Lee 2022 0.365 0.80 0.96 1.17 21.4 2.6 0.39 0.155 46.0 6.3 28/11/22
OCK Group 2020 0.255 0.71 0.83 0.97 16.3 3.3 0.265 0.15 264.1 4.4 15/12/20
Pensonic 2024 0.255 0.60 0.675 0.86 26.7 2.6 0.31 0.13 64.8 7.5 20/01/24
Perwaja 2022 0.025 1.00 0.115 1.03 791.3 4.6 0.04 0.015 280.0 5.6 28/02/22
Poh Huat 2022 0.625 1.00 1.49 1.63 9.1 2.4 1.11 0.615 53.4 4.2 21/10/20
Press Metal 2019 3.05 1.10 4.17 4.15 (0.5) 1.4 3.14 0.705 145.7 3.1 22/08/19
Ralco 2019 0.085 1.00 0.84 1.09 29.2 9.9 0.17 0.07 20.3 3.4 13/12/19

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
Rapid Synergy 2017 4.67 1.00 5.86 5.67 (3.2) 1.3 5.10 4.50 21.1 0.7 09/04/17
Sanichi Technology 2018 0.04 0.21 0.085 0.25 194.1 2.1 0.08 0.015 21.2 1.6 13/03/18
Seacera Group 2017 0.255 1.00 0.855 1.26 46.8 3.4 0.53 0.09 23.6 0.8 16/05/17
Seacera Group 2019 0.28 1.00 0.855 1.28 49.7 3.1 0.55 0.085 39.4 2.8 29/05/19
Sersol 2023 0.085 0.18 0.125 0.27 112.0 1.5 0.165 0.07 96.4 6.7 18/04/23
Scope Industries 2020 0.09 0.15 0.135 0.24 77.8 1.5 0.115 0.05 118.6 4.0 18/07/20
SKP Resources 2017 0.575 0.65 1.21 1.23 1.2 2.1 1.03 0.545 180.0 0.9 27/06/17
Solid Automotive 2020 0.75 0.50 1.30 1.25 (3.8) 1.7 1.00 0.73 82.5 4.4 16/12/20
Stone Master 2020 0.125 0.30 0.32 0.43 32.8 2.6 0.23 0.065 21.9 3.9 21/06/20
SYF Resources 2019 0.19 0.70 0.56 0.89 58.9 2.9 0.345 0.14 305.4 3.4 11/12/19
Thong Guan 2019 2.82 1.50 4.15 4.32 4.1 1.5 2.99 0.60 26.3 3.2 09/10/19
Toyo Ink 2018 0.045 1.50 0.57 1.55 171.1 12.7 0.12 0.04 42.8 1.7 22/04/18
VS Industry 2019 0.285 1.65 1.32 1.94 46.6 4.6 0.515 0.195 290.7 2.4 06/01/19
WZ Satu 2024 0.615 0.50 1.13 1.12 (1.3) 1.8 1.05 0.505 95.0 8.2 28/10/24
OIL & GAS

Dialog 2017 0.325 1.19 1.52 1.52 (0.3) 4.7 0.45 0.255 198.4 0.5 12/02/17
Kejuruteraan Samudra 2018 0.11 0.30 0.43 0.41 (4.7) 3.9 0.25 0.11 71.5 1.4 01/01/18
KNM Group 2017 0.065 1.00 0.41 1.07 159.8 6.3 0.13 0.06 488.9 1.3 15/11/17
Reach Energy 2022 0.025 0.75 0.685 0.78 13.1 27.4 0.07 0.02 1,277.8 6.0 12/08/22
Sona Petroleum 2018 0.005 0.35 0.465 0.36 (23.7) 93.0 0.12 0.005 1,410.7 2.0 29/07/18
Sumatec 2021 0.06 0.32 0.10 0.38 280.0 1.7 0.11 0.055 118.8 4.6 03/03/21
Sumatec 2018 0.045 0.175 0.10 0.22 120.0 2.2 0.105 0.04 567.7 2.3 13/11/18
PROPERTY
Ecoworld 2022 0.375 2.08 1.29 2.46 90.3 3.4 0.545 0.34 525.4 5.7 26/03/22
Ekovest 2019 0.68 1.35 1.57 2.03 29.3 2.3 0.84 0.18 122.2 2.9 25/06/19
Gabungan Aqrs 2018 0.22 1.30 1.08 1.52 40.7 4.9 0.285 0.085 160.0 2.0 20/07/18

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

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
Tropicana Corp 2019 0.315 1.00 1.06 1.32 24.1 3.4 0.39 0.195 129.8 3.3 19/11/19
Y&G Corp 2019 0.26 1.00 0.94 1.26 34.0 3.6 0.80 0.26 47.7 3.3 16/11/19
YKGI Holdings 2020 0.06 0.50 0.185 0.56 202.7 3.1 0.11 0.025 95.0 3.8 28/05/20
SERVICES
AHB Holdings 0.115 0.20 0.21 0.32 50.0 1.8 0.15 0.06 71.1 3.1 28/08/19
APFT 2018 0.025 0.40 0.05 0.43 750.0 2.0 0.095 0.015 78.5 1.9 13/07/18
Berjaya Corp 2022 0.13 1.00 0.35 1.13 222.9 2.7 0.16 0.095 700.1 5.7 22/04/22
Berjaya Corp 2026 0.13 1.00 0.35 1.13 222.9 2.7 0.165 0.10 706.5 9.7 29/04/26
Berjaya Media 2016 0.01 1.00 0.395 1.01 155.7 39.5 0.06 0.005 56.3 0.4 18/12/16
Borneo Oil 2018 0.115 0.10 0.185 0.22 16.2 1.6 0.50 0.06 38.3 1.6 28/02/18
Ecofirst Consolidated 2019 0.12 0.30 0.27 0.42 55.6 2.3 0.20 0.08 201.0 3.1 10/09/19
Eduspec 2018 0.125 0.18 0.25 0.31 22.0 2.0 0.24 0.12 99.0 2.4 24/12/18
Engtex 2017 0.36 1.25 1.21 1.61 33.1 3.4 0.625 0.30 99.0 1.2 25/10/17
Federal Furniture 2017 0.30 0.50 0.86 0.80 (7.0) 2.9 0.675 0.06 31.6 0.7 30/03/17
Fitters Diversified 2019 0.105 1.00 0.44 1.11 151.1 4.2 0.195 0.09 137.2 3.2 12/10/19
Freight Management 2017 0.18 0.97 1.18 1.15 (2.5) 6.6 0.59 0.15 24.3 0.4 08/01/17
Flonic Hi-Tec 2017 0.01 0.05 0.045 0.06 33.3 4.5 0.025 0.005 133.7 0.9 18/06/17
Flonic Hi-Tec 2019 0.015 0.05 0.045 0.07 44.4 3.0 0.025 0.01 266.3 3.3 06/11/19
FSBM Holdings 2022 0.05 0.30 0.21 0.35 66.7 4.2 0.095 0.04 59.1 5.8 16/05/22
GD Express 2020 0.49 1.53 1.52 2.02 32.9 3.1 0.63 0.20 179.2 3.5 11/02/20
Gunung Capital 2020 0.11 0.40 0.415 0.51 22.9 3.8 0.18 0.06 62.9 4.2 04/10/20
Harbour-link 2021 0.325 1.56 1.05 1.89 79.5 3.2 0.46 0.17 36.4 4.7 03/04/21
Ho Wah Genting 2021 0.045 0.18 0.065 0.23 246.2 1.4 0.075 0.005 12.9 0.1 22/09/16
Ho Wah Genting 2021 0.03 0.08 0.065 0.11 69.2 2.2 0.03 0.02 244.9 4.6 15/03/21
Ho Wah Genting 2021 0.005 0.16 0.01 0.17 1550.0 2.0 0.01 0.005 362.8 2.7 11/04/19
Hubline 2020 0.005 0.01 0.01 0.02 50.0 2.0 0.01 0.005 2,900.6 4.4 20/12/20
Insas 2020 0.17 1.00 0.65 1.17 80.0 3.8 0.27 0.15 265.2 3.6 25/02/20
JAG 2019 0.10 0.10 0.10 0.20 100.0 1.0 0.145 0.085 324.9 3.0 14/08/19
Mega Frist Corp 2020 0.43 2.22 1.84 2.65 44.0 4.3 0.465 0.305 67.3 3.7 08/04/20

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
Ni Hsin 2018 0.09 0.60 0.265 0.69 160.4 2.9 0.17 0.075 115.5 1.5 11/02/18
Pantech 2020 0.17 0.60 0.575 0.77 33.9 3.4 0.335 0.16 74.8 4.4 21/12/20
Puncak 2020 0.50 1.00 1.06 1.50 41.5 2.1 2.02 0.31 74.8 4.4 21/12/20
Taliwroks Corp 111118 0.185 1.70 1.44 1.89 30.9 7.8 0.56 0.17 241.9 2.3 11/11/18
Tiong Nam Logistics 2018 0.665 1.00 1.59 1.67 4.7 2.4 0.765 0.30 210.3 2.4 26/12/18
Yong Tai 2020 0.67 0.50 1.07 1.17 9.3 1.6 0.885 0.25 40.1 3.9 24/06/20
TECHNOLOGY
AppAsia 2024 0.09 0.13 0.13 0.22 69.2 1.4 0.13 0.05 139.0 8.4 23/12/24
Asdion 2019 0.105 0.50 0.29 0.61 108.6 2.8 0.595 0.095 52.2 2.6 24/03/19
Asia Bioenergy 2024 0.02 0.10 0.045 0.12 166.7 2.3 0.035 0.015 420.2 7.7 19/04/24
AT Systematizatin 2019 0.03 0.12 0.05 0.15 200.0 1.7 0.05 0.02 196.8 2.5 28/01/19
Censof 2017 0.045 0.46 0.21 0.51 140.5 4.7 0.15 0.025 29.5 1.0 18/07/17
Censof 2019 0.065 0.46 0.21 0.53 150.0 3.2 0.17 0.05 111.4 3.2 07/10/19
Connectcounty Holdings 2021 0.05 0.10 0.09 0.15 66.7 1.8 0.20 0.04 59.6 5.1 18/09/21
Connectcounty Holdings 2021 0.04 0.10 0.09 0.14 55.6 2.3 0.055 0.035 43.2 4.8 07/06/21
Cuscapi 2018 0.04 0.27 0.12 0.31 158.3 3.0 0.08 0.02 123.2 1.7 24/04/18
Digistar 2017 0.035 0.13 0.16 0.17 3.1 4.6 0.105 0.03 101.8 0.5 07/02/17
Digistar 2023 0.045 0.26 0.16 0.31 90.6 3.6 0.09 0.045 74.0 6.7 04/04/23
DVM Technology 2018 0.01 0.10 0.045 0.11 144.4 4.5 0.025 0.01 290.4 1.9 02/07/18
EA Holdings 2019 0.035 0.12 0.075 0.16 106.7 2.1 0.09 0.02 122.8 1.8 24/02/19
EA Holdings 2019 0.035 0.10 0.075 0.14 80.0 2.1 0.09 0.025 212.6 1.8 18/06/19
Ewein 2017 0.265 1.00 0.895 1.27 41.3 3.4 0.86 0.22 52.7 1.2 06/10/17
Excel Force 2019 1.14 0.68 1.59 1.82 14.5 1.4 1.48 0.25 103.4 3.0 17/07/19
Fast Track 2017 0.055 0.12 0.095 0.18 84.2 1.7 0.08 0.015 102.5 1.3 01/12/17
Focus Dynamics 2019 0.05 0.05 0.06 0.10 66.7 1.2 0.055 0.03 235.2 3.3 06/11/19
Formis Resources 2018 0.12 0.50 0.52 0.62 19.2 4.3 0.25 0.06 83.1 1.8 30/05/18
Green Ocean 2019 0.04 0.34 0.10 0.38 280.0 2.5 0.10 0.02 65.8 3.0 07/08/19
Ideal 2021 0.30 1.00 0.405 1.30 221.0 1.4 0.46 0.245 55.2 4.7 30/03/21
Idimension 2020 0.02 0.10 0.06 0.12 100.0 3.0 0.05 0.015 247.5 4.0 14/07/20

August 2016
Warrants
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m)
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
Instacom Group 2020 0.19 0.10 0.275 0.29 5.5 1.4 0.285 0.03 200.4 4.0 17/08/20
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
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
UTILITIES
YTL Power 2018 0.325 1.14 1.43 1.47 2.4 4.4 0.45 0.30 1,776.4 1.9 11/06/18

August 2016
Covered Warrants
29 Jul 16 Warrant Exercise Share Conversion Warrant Warrant 52-Week Issue Years Conversion
Price Price Price Price Premium Gearing High Low Size To Run Expiry Ratio
(RM) (RM) (RM) (RM) (%) (x) (RM) (RM) (m) (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

August 2016
Covered Warrants
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
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

August 2016
Covered Warrants
Datasonic 281016 0.015 1.58 1.33 1.64 23.3 22.2 0.115 0.015 100.0 0.2 28/10/16 4.00
Datasonic 281016 0.115 1.50 1.33 1.79 34.4 4.6 0.13 0.115 100.0 0.2 28/10/16 2.50
Datasonic 281016 0.045 1.55 1.33 1.66 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 1.61 21.2 8.2 0.145 0.06 40.0 0.3 23/11/16 2.50
Datasonic 310117 0.14 1.35 1.33 1.66 24.7 4.3 0.155 0.13 45.0 0.5 31/01/17 2.20
Dayang 290216 0.02 1.50 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 1.58 0.99 1.60 61.6 49.5 0.12 0.005 100.0 0.3 28/11/16 4.00
Dayang 281116 0.15 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 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
Dialog 281016 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
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 2.50
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

August 2016
Covered Warrants
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
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
Hap Seng Consolidated 071016 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
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
IHH Healthcare 220217 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

August 2016
Covered Warrants
IHH Healthcare 280217 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

August 2016
Covered Warrants
Karex 281016 0.07 2.30 2.39 2.58 7.9 8.5 0.265 0.06 100.0 0.2 28/10/16 4.00
Karex 281016 0.045 2.67 2.39 2.82 17.9 15.9 0.165 0.045 100.0 0.2 28/10/16 3.33
Karex 231116 0.06 2.53 2.39 2.77 16.0 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 46.7 12.8 0.065 0.03 100.0 0.5 31/01/17 5.33
Karex 310117 0.05 3.05 2.39 3.25 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 25.58 10.6 12.3 0.115 0.075 40.0 0.2 11/10/16 25.00
Kuala Lumpur Kepong 130117 0.15 24.10 23.12 26.35 14.0 10.3 n.a. n.a. 100.0 0.4 13/01/17 15.00
Kossan Rubber 281016 0.015 8.00 6.66 8.21 23.3 31.7 0.185 0.015 100.0 0.2 28/10/16 14.00
Kossan Rubber 301116 0.19 6.60 6.66 7.49 12.5 7.5 0.24 0.18 15.0 0.3 30/11/16 4.70
Kossan Rubber 130117 0.18 6.40 6.66 7.66 15.0 5.3 0.21 0.17 100.0 0.4 13/01/17 7.00
Kossan Rubber 310117 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
Kossan Rubber 310117 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

August 2016
Covered Warrants
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
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
My E.G. Services 300816 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
My E.G. Services 300816 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
My E.G. Services 300816 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
My E.G. Services 300816 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
My E.G. Services 300916 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
My E.G. Services 281016 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
My E.G. Services 311016 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
My E.G. Services 231116 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
My E.G. Services 301216 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
My E.G. Services 140317 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

August 2016
Covered Warrants
Petronas Dagangan 311016 0.015 24.86 23.26 25.10 7.9 96.9 0.185 0.01 50.0 0.2 31/10/16 16.00
Petronas Gas 310317 0.17 21.20 22.18 23.24 4.8 10.9 0.205 0.145 50.0 0.7 31/03/17 12.00
POS Malaysia 111016 0.06 3.00 2.85 3.21 12.6 13.6 0.13 0.04 40.0 0.2 11/10/16 3.50
POS Malaysia 311016 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
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

August 2016
Covered Warrants
Scientex 130117 0.115 13.00 12.70 15.30 20.5 5.5 0.16 0.09 100.0 0.4 13/01/17 20.00
Sime Darby 300916 0.03 7.90 7.42 8.02 8.1 61.8 0.20 0.025 50.0 0.2 30/09/16 4.00
Sime Darby 201016 0.08 8.07 7.42 8.71 17.4 11.6 0.095 0.07 50.0 0.2 20/10/16 8.00
Sime Darby 111116 0.09 8.00 7.42 8.72 17.5 10.3 0.15 0.08 100.0 0.3 11/11/16 8.00
Sime Darby 281116 0.055 8.30 7.42 8.85 19.3 13.5 0.09 0.055 40.0 0.3 28/11/16 10.00
SKP Resources 300916 0.04 1.50 1.21 1.58 30.6 15.1 0.13 0.04 100.0 0.2 30/09/16 2.00
SP Setia 310117 0.095 3.20 3.07 3.39 10.4 16.2 0.095 0.035 50.0 0.5 31/01/17 2.00
Sunway Construction 071016 0.115 1.45 1.65 1.74 5.3 5.7 0.17 0.075 40.0 0.2 07/10/16 2.50
Supermax 250816 0.005 3.00 2.08 3.02 45.2 104.0 0.31 0.005 100.0 0.1 25/08/16 4.00
Supermax 300916 0.015 2.75 2.08 2.83 35.8 27.7 0.12 0.005 50.0 0.2 30/09/16 5.00
Supermax 041016 0.06 3.70 2.08 3.97 90.9 7.7 0.165 0.055 50.0 0.2 04/10/16 4.50
Supermax 281016 0.02 3.30 2.08 3.38 62.5 26.0 0.245 0.02 100.0 0.2 28/10/16 4.00
Supermax 281016 0.065 2.00 2.08 2.26 8.7 8.0 0.43 0.06 100.0 0.2 28/10/16 4.00
Supermax 281016 0.05 2.20 2.08 2.40 15.4 10.4 0.385 0.045 100.0 0.2 28/10/16 4.00
Supermax 311016 0.005 3.17 2.08 3.19 53.4 104.0 0.27 0.005 50.0 0.2 31/10/16 4.00
Supermax 231116 0.01 3.10 2.08 3.16 51.7 37.8 0.12 0.01 40.0 0.3 23/11/16 5.50
Supermax 310117 0.01 3.88 2.08 3.93 88.9 41.6 0.06 0.01 100.0 0.5 31/01/17 5.00
Supermax 310117 0.13 2.20 2.08 2.53 21.4 6.4 0.135 0.115 40.0 0.5 31/01/17 2.50
Supermax 310117 0.01 3.58 2.08 3.64 75.0 34.7 0.10 0.01 100.0 0.5 31/01/17 6.00
Supermax 310317 0.085 2.50 2.08 2.76 32.5 8.2 0.10 0.08 40.0 0.7 30/03/17 3.00
Supermax 280417 0.105 2.20 2.08 2.46 18.4 7.9 0.115 0.09 50.0 0.7 28/04/17 2.50
Ta Ann 300916 0.005 4.583 3.37 4.61 36.7 147.1 0.20 0.005 100.0 0.2 30/09/16 4.58
Ta Ann 281116 0.01 4.833 3.37 4.89 45.1 57.8 0.08 0.01 40.0 0.3 28/11/16 5.83
TA Global 220217 0.065 0.27 0.235 0.30 28.7 7.2 0.065 0.065 40.0 0.6 22/02/17 0.50
Telekom Malaysia 300916 0.09 6.80 6.83 7.25 6.1 15.2 0.10 0.09 100.0 0.2 30/09/16 5.00

August 2016
Covered Warrants
Tenaga Nasional 300816 0.105 12.88 14.38 14.46 0.5 9.1 0.155 0.005 100.0 0.1 30/08/16 15.00
Tenaga Nasional 300816 0.11 13.70 14.38 14.75 2.5 13.8 0.20 0.105 25.0 0.1 30/08/16 9.50
Tenaga Nasional 300916 0.56 10.50 14.38 14.42 0.3 3.7 0.595 0.36 50.0 0.2 30/09/16 7.00
Tenaga Nasional 301116 0.16 15.10 14.38 16.06 11.7 15.0 0.165 0.135 15.0 0.3 30/11/16 6.00
Tenaga Nasional 170217 0.165 14.50 14.38 16.07 11.7 9.2 0.175 0.165 100.0 0.5 17/02/17 9.50
Tenaga Nasional 280217 0.11 14.40 14.38 15.17 5.5 18.7 0.125 0.055 50.0 0.6 28/02/17 7.00
Tenaga Nasional 140317 0.105 15.00 14.38 16.05 11.6 13.7 0.105 0.105 40.0 0.6 14/03/17 10.00
Top Glove 100816 0.005 4.625 4.29 4.66 8.5 143.0 0.465 0.005 40.0 0.0 10/08/16 6.00
Top Glove 150816 0.005 7.66 4.29 7.68 79.1 190.7 1.05 0.005 25.0 0.0 15/08/16 4.50
Top Glove 281016 0.08 4.04 4.29 4.64 8.2 7.2 0.47 0.075 100.0 0.2 28/10/16 7.50
Top Glove 281016 0.025 6.90 4.29 7.05 64.3 28.6 0.40 0.02 100.0 0.2 28/10/16 6.00
Top Glove 281016 0.04 5.80 4.29 5.99 39.7 22.3 0.195 0.04 25.0 0.2 28/10/16 4.80
Top Glove 310117 0.015 7.09 4.29 7.27 69.5 23.8 0.08 0.015 100.0 0.5 31/01/17 12.00
Top Glove 310117 0.015 7.44 4.29 7.61 77.3 26.0 0.075 0.015 100.0 0.5 31/01/17 11.00
Top Glove 231116 0.015 6.50 4.29 6.65 55.0 28.6 0.08 0.01 40.0 0.3 23/11/16 10.00
Top Glove 301116 0.085 4.95 4.29 5.29 23.3 12.6 0.225 0.08 25.0 0.3 30/11/16 4.00
Top Glove 280217 0.04 5.15 4.29 5.35 24.7 21.5 0.16 0.035 50.0 0.6 28/02/17 5.00
UEM Edgenta 100816 0.115 3.30 3.52 3.88 10.1 6.1 0.16 0.085 40.0 0.0 10/08/16 5.00
UEM Edgenta 281016 0.10 3.68 3.52 4.28 21.6 5.9 0.105 0.09 100.0 0.2 28/10/16 6.00
UEM Edgenta 311016 0.10 3.23 3.52 3.63 3.1 8.8 0.19 0.09 50.0 0.2 31/10/16 4.00
UEM Sunrise 300816 0.09 0.93 1.04 1.07 2.4 7.7 0.38 0.02 50.0 0.1 30/08/16 1.50
UEM Sunrise 300916 0.115 1.10 1.04 1.27 22.4 6.0 0.15 0.10 100.0 0.2 30/09/16 1.50
UEM Sunrise 300916 0.075 0.98 1.04 1.16 11.5 5.8 0.115 0.075 80.0 0.2 30/09/16 2.40
UEM Sunrise 281016 0.025 1.25 1.04 1.31 26.2 16.6 0.055 0.025 35.0 0.2 28/10/16 2.50
UEM Sunrise 281116 0.035 1.05 1.04 1.16 11.1 9.9 0.085 0.03 40.0 0.3 28/11/16 3.00
UMW Holdings 151216 0.02 7.00 5.70 7.20 26.3 28.5 0.10 0.015 40.0 0.4 15/12/16 10.00
UMW Holdings 310117 0.02 7.00 5.70 7.10 24.6 57.0 0.13 0.015 50.0 0.5 31/01/17 5.00
UMW Holdings 170317 0.16 5.70 5.70 6.82 19.6 5.1 0.16 0.16 100.0 0.6 17/03/17 7.00

August 2016
Covered Warrants
UMW Oil & Gas 311016 0.01 1.07 0.895 1.09 21.2 59.7 0.12 0.005 50.0 0.2 31/10/16 1.50
UMW Oil & Gas 281116 0.04 1.18 0.895 1.30 45.3 7.5 0.115 0.04 100.0 0.3 28/11/16 3.00
UMW Oil & Gas 281116 0.025 1.38 0.895 1.46 62.6 11.9 0.085 0.025 100.0 0.3 28/11/16 3.00
UMW Oil & Gas 301116 0.05 1.02 0.895 1.17 30.7 6.0 0.11 0.05 30.0 0.3 30/11/16 3.00
UMW Oil & Gas 151216 0.055 1.30 0.895 1.38 54.5 10.8 0.06 0.055 40.0 0.4 15/12/16 1.50
UMW Oil & Gas 170217 0.09 1.00 0.895 1.14 26.8 6.6 0.12 0.09 100.0 0.5 17/02/17 1.50
Unisem 300816 0.14 2.18 2.69 2.74 1.9 4.8 0.14 0.065 100.0 0.1 30/08/16 4.00
Unisem 300816 0.075 2.38 2.69 2.76 2.4 7.2 0.075 0.065 100.0 0.1 30/08/16 5.00
Unisem 300816 0.025 2.58 2.69 2.71 0.6 21.5 0.03 0.025 100.0 0.1 30/08/16 5.00
Unisem 300816 0.11 2.35 2.69 2.81 4.5 5.8 0.115 0.08 30.0 0.1 30/08/16 4.20
Unisem 281016 0.20 2.00 2.69 2.80 4.1 3.4 0.20 0.09 100.0 0.2 28/10/16 4.00
Unisem 140317 0.165 2.25 2.69 2.91 8.2 4.1 0.165 0.15 40.0 0.6 14/03/17 4.00
VS Industry 300916 0.05 1.30 1.32 1.48 11.7 7.5 0.075 0.03 50.0 0.2 30/09/16 3.50
VS Industry 281016 0.04 1.38 1.32 1.50 13.6 11.0 0.175 0.02 100.0 0.2 28/10/16 3.00
VS Industry 281016 0.03 1.48 1.32 1.57 18.9 14.7 0.15 0.01 100.0 0.2 28/10/16 3.00
VS Industry 281016 0.015 1.68 1.32 1.73 30.7 29.3 0.125 0.01 100.0 0.2 28/10/16 3.00
VS Industry 111116 0.10 1.35 1.32 1.60 21.2 5.3 0.115 0.065 100.0 0.3 11/11/16 2.50
VS Industry 310117 0.13 1.20 1.32 1.53 15.5 4.1 0.15 0.105 55.0 0.5 31/01/17 2.50
VS Industry 140317 0.15 1.40 1.32 1.70 28.8 4.4 n.a. n.a. 40.0 0.6 14/03/17 2.00
WCT Holdings 300916 0.175 1.70 1.56 2.05 31.4 4.5 0.195 0.10 100.0 0.2 30/09/16 2.00
WCT Holdings 301216 0.075 1.60 1.56 1.75 12.2 10.4 0.165 0.06 50.0 0.4 30/12/16 2.00
Westports 071016 0.065 4.20 4.50 4.59 2.0 11.5 0.085 0.055 40.0 0.2 07/10/16 6.00
Westports 300916 0.07 4.25 4.50 4.46 (0.9) 21.4 0.095 0.045 50.0 0.2 30/09/16 3.00
Westports 281016 0.105 4.15 4.50 4.57 1.6 10.7 0.135 0.10 100.0 0.2 28/10/16 4.00
YTL Corp 281116 0.10 1.55 1.67 1.75 4.8 8.4 0.13 0.075 40.0 0.3 28/11/16 2.00
YTL Corp 310317 0.175 1.50 1.67 1.68 0.3 9.5 0.18 0.11 50.0 0.7 31/03/17 1.00
YTL Corp 100417 0.15 1.70 1.67 2.00 19.8 5.6 n.a. n.a. 100.0 0.7 10/04/17 2.00
YTL Power 300816 0.005 1.48 1.43 1.49 4.0 190.7 0.12 0.005 50.0 0.1 30/08/16 1.50
YTL Power 300816 0.15 1.48 1.43 1.71 19.2 6.4 n.a. n.a. 100.0 0.1 30/08/16 1.50
YTL Power 170217 0.075 1.50 1.43 1.61 12.8 12.7 0.075 0.075 100.0 0.5 17/02/17 1.50

August 2016
Covered Warrants Overseas

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 8
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 2
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 4
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 4
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.

August 2016
Diary Of Events
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1 2 3 4 5 6
Jul Nikkei Malaysia PMI Hartalega (1Q17) Axis REIT (2Q16) Jun Trade Figures
MMHE (2Q16) KLCC Property (2Q16) MISC (2Q16) 29 Jul Foreign Reserve
7 8 9 10 11 12 13
AirAsia (2Q16) Jun IPI 2Q16 GDP

Jun Manufacturing Sales Value 2Q16 BoP
Sunway REIT (Final 16) Alliance Financial (1Q17)
Gas Malaysia (2Q16)
Perisai Petroleum (2Q16)
14 15 16 17 18 19 20
Affin (2Q16) Magnum (2Q16) AMMB (1Q17)

Deleum (2Q16)
Dialog (Final 16)
JCY International (3Q16)
Kuala Lumpur Kepong (3Q16)
Kossan Rubber (2Q16)
Malakoff (2Q16)

August 2016
Diary Of Events
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
21 22 23 24 25 26 27
15 Aug Foreign Reserve IOI Corp (Final 16) Jul CPI Axiata (2Q16) Barakah Offshore Petroleum (2Q16)
Sunsuria (2Q16) SP Setia (2Q16) Hong Leong Bank (Final 16) Carlsberg (2Q16) Bumi Armada (2Q16)
WCT Holdings (2Q16) Hong Leong Financial (Final 16) CIMB Group (2Q16) Genting Group (2Q16)
IJM Corp (1Q17) Genting Group (2Q16) Genting Malaysia (2Q16)
IJM Plantations (1Q17) Genting Malaysia (2Q16) KPJ Heathcare (2Q16)
Uzma (2Q16) Genting Plantations (2Q16) Mah Sing (2Q16)
Maybank (2Q16) PPB Group (2Q16)
MRCB (2Q16) QL Resources (1Q17)
SKP Resources (1Q17) Sime Darby (Final 16)
Sunway Bhd (2Q16) Sunsuria (1Q17)
Sunway Construction (2Q16)
Telekom Malaysia (2Q16)
UEM Sunrise (2Q16)
28 29 30 31
Kerjaya Prospek (2Q16) Jul Monetary & Loan Figure National Day
Nestle (2Q16) Westport (2Q16)
UMW Holdigns (2Q16)
Sunway Bhd (2Q16)

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.
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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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August 2016
Analyst Certification/Regulation AC
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August 2016

Market Outlook & Strategy FBMKLCI

Refer to last page for important disclosures. 1

Valuation Screens (Price/Book & Price/Earnings)

Analysts Top Alpha* Picks

Refer to last page for important disclosures. 2

Refer to last page for important disclosures. 3

Refer to last page for important disclosures. 4

Refer to last page for important disclosures. 5

OIL & GAS - HEAVY ENGINEERING

OIL & GAS - OFFSHORE ASSET OWNERS

OIL & GAS - OFFSHORE CONTRACTORS

OIL & GAS - SHIPPING

Refer to last page for important disclosures. 6

Refer to last page for important disclosures. 7

Monetary Data (end of period)

Other Macro Variables (yoy % chg)

Refer to last page for important disclosures. 8

Ranking By Market Parameters

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Automobile Aviation Banking

100 FBMKLCI 140 106

Conglomerate Construction Consumer

Refer to last page for important disclosures. 12

Exchange Gaming Glove Manufacturing

Healthcare Insurance Manufacturing

Refer to last page for important disclosures. 13

Refer to last page for important disclosures. 14

Port Property REITs

Technology Telecommunications Utility

Refer to last page for important disclosures. 15

Refer to last page for important disclosures. 16

Refer to last page for important disclosures. 17

Refer to last page for important disclosures. 18

Refer to last page for important disclosures. 19

OIL & GAS

Refer to last page for important disclosures. 20

Refer to last page for important disclosures. 21

Refer to last page for important disclosures. 22

Refer to last page for important disclosures. 23

Refer to last page for important disclosures. 24

Refer to last page for important disclosures. 25

Refer to last page for important disclosures. 26

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Refer to last page for important disclosures. 30

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Refer to last page for important disclosures. 32

Refer to last page for important disclosures. 33

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Refer to last page for important disclosures. 35

Covered Warrants Overseas

(a) In US$, except warrant price.

Refer to last page for important disclosures. 36

AirAsia (2Q16) Jun IPI 2Q16 GDP

Affin (2Q16) Magnum (2Q16) AMMB (1Q17)

Refer to last page for important disclosures. 37

Refer to last page for important disclosures. 38

Refer to last page for important disclosures. 39

Refer to last page for important disclosures. 40