FBM KLCI 1772.48 2.85 KLCI FUTURES 1766.50 2.00 STI 3232.47 18.79 RM/USD 4.2370 CPO RM2744.

18.79 RM/USD 4.2370 CPO RM2744.00 23.00 OIL US$54.19 0.81 GOLD US$1340.20 0.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

THURSDAY SEPTEMBER 7, 2017 ISSUE 2486/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Sime Darby wins PwCs
Building Trust Awards 2017 PA G E 2
3 HOME BUSINESS PHOTO BY SHAHRIN YAHYA

Zeti: BNM suffered

I MADE
RM32b in forex
losses; learnt of
the matter via

A MISTAKE
the media
4 HOME BUSINESS

O R E
HEDGING
CIMB buys Jupiter
Securities for
M N
TpHroA
RM55m
5 HOME BUSINESS

100% AGAINST
.com a perty
portal
Strong uptick in
global demand
perty
CURRENCIES
boosts Malaysias

Edge
July exports
Pro
The
6 HOME BUSINESS

Vizione mulls
paying dividends;
There was no denying
accountability
for the forex
says Nor Mohamed
losses,
G S . D ATA
. A N A LY T I C
S

no decision yet
E S . L I S T I N Yakcop.
H Amarthalingam
E W L AUNC
Sangeetha
. N has the story on Pag
NEWS
12 H O M E
Page ge 3.3.
Dr M: Change
direction to avoid
becoming poor

1MDB stolen fund witnesses are

too scared to talk FBI 4 HOME BUSINESS

There is no mystery
about a Girard-Perregaux,
simply more than two centuries of craftsmanship
and a perpetual commitment to perfection.

LAUREATO, STEEL CASE, 41 MM, LIMITED EDITION OF 225 PIECES

 FBM KLCI 1772.48 2.85 KLCI FUTURES 1766.50 2.00 STI 3232.47 18.79 RM/USD 4.2370 CPO RM2744.00 23.00 OIL US$54.19 0.81 GOLD US$1340.20 0.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

THURSDAY SEPTEMBER 7, 2017 ISSUE 2486/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Sime Darby wins PwCs
Building Trust Awards 2017 PA G E 2
3 HOME BUSINESS PHOTO BY SHAHRIN YAHYA

Zeti: BNM suffered

I MADE
RM32b in forex
losses; learnt of
the matter via

A MISTAKE
the media
4 HOME BUSINESS

HEDGING
CIMB buys Jupiter
Securities for
RM55m
5 HOME BUSINESS

Strong uptick in 100% AGAINST

CURRENCIES
global demand
boosts Malaysias
July exports
6 HOME BUSINESS There was no denying
Vizione mulls
accountability
paying dividends; for the forex losses,
no decision yet says Nor Mohamed Yakcop.
12 H O M E
Sangeetha Amarthalingam
has the story on Page 3.
Dr M: Change
direction to avoid
becoming poor

1MDB stolen fund witnesses are

too scared to talk FBI 4 HOME BUSINESS

There is no mystery
about a Girard-Perregaux,
simply more than two centuries of craftsmanship
and a perpetual commitment to perfection.

LAUREATO, STEEL CASE, 41 MM, LIMITED EDITION OF 225 PIECES

2 T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
SEA Games lie?
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Sime Darby wins PwCs
Building Trust Awards 2017
Programme assesses companies performance in corporate reporting, among others
BY ADELA M EGAN WI LLY
KUALA LUMPUR: Conglomerate
Sime Darby Bhd was crowned the
winner at PwC Malaysias Build-
ing Trust Awards 2017 last night
for its efforts in building trust with
its stakeholders, while telecom-
munications group Axiata Group
Bhd was named runner-up.
Established in 2015, this is the
second awards organised as part of
PwCs Building Trust programme.
It aims to encourage Corporate
Malaysia to prioritise trust-build-
ing in their business agenda.
PwC Malaysia managing part-
ner Sridharan Nair (Sri) says the
winning companies had shown
that building trust begins with a
conscious effort to engage im-
portant stakeholders. He add-
ed that the winning companies
had also demonstrated a keen
understanding of how trust can
promote business growth.
The time is ripe for businesses
to close the trust gap and rebuild
faith in institutions, as the world
at large continues to be weighed
down by declining levels of trust
in governments, institutions and
businesses, said Sri.
Since the start of our Building
Trust programme in 2015, we have
been making efforts to encourage
corporates to look at trust through
a different lens as an asset that
can be measured, managed and
nurtured to bring tangible gains
to businesses in an environment
of constant change, he added.
PwC Malaysia also had Special
Mentions for three companies that
were recognised for their com-
mendable efforts in building trust
in various phases of evaluation.
In particular, Sime Darby was
Inquiry on CEO extended as he was on MC FGV
BY ADAM AZIZ
KUALA LUMPUR: Felda Global
Ventures Holdings Bhd (FGV) said
the extended domestic inquiry (DI)
on its suspended president and
chief executive officer (CEO) Da-
tuk Zakaria Arshad was to ensure
proper due process.
We wish to clarify that the con-
clusion of the DI was delayed from
last week due to Datuk Zakaria sub-
mitting a two-day medical certificate
(MC) to the independent DI panel
in the late afternoon of Aug 29, 2017.
In the interest of ensuring prop-
er due process, the independent DI
panel took into account Datuk Zaka-
rias MC and adjourned the DI pro-
ceedings until he was able to contin-
ue to present his defence yesterday
(Tuesday) after the long Merdeka and
Hari Raya Aidiladha public holidays,
(From left) Faris, PwC Malaysia executive chairman Datuk Mohammad Faiz Azmi, Astro
Malaysia Holdings Bhd executive director and group CEO Datuk Rohana Rozhan, Sime
Darby president and group CEO Tan Sri Mohd Bakke Salleh, Tweedie, Zeti, Sri, Nestle
(Malaysia) Bhd chairman Tan Sri Syed Anwar Jamalullail, PwC Malaysia assurance and
people partner Pauline Ho, PwC Malaysia senior executive director Chin Suit Fang and
Axiata Group independent non-executive director and board audit committee chairman
David Lau. Photo by Sam Fong
given a Special Mention for excelling
in PwCs Integrated Reporting Frame-
work benchmarking analysis, while
Astro Malaysia Holdings Bhd shone
in the PwC Trustworthy Organisation
Model assessment. Nestle (Malaysia)
Bhd did well in the PwC Malaysias
Trust in Business public poll.
The Building Trust Awards em-
ploys a distinctive way of measuring
trust, going beyond the financials
of the companies assessed.
It assesses the performance of
public listed companies in their cor-
porate reporting as well as how they
are perceived by their stakeholders,
including customers and investors.
However, the Awards is not based
on nominations or submissions by the
companies. Rather, companies are
selected both by what they say about
themselves (via their reporting) and
the public perception of their effort.
FGV said in a statement yesterday.
FGVs clarification came fol-
lowing a report by The Edge Ma-
laysia weekly in its Sept 4 to 10
publication, quoting sources, that
there were plans to delay Zakarias
comeback to FGV by extending the
deadline of the DI proceedings.
Zakaria, who was appointed as
CEO on April 1 last year, has been
given a leave of absence since June
6 this year, together with FGV chief
financial officer Ahmad Tifli Mohd
Talha and two other FGV manage-
ment officers. The four are being
investigated by the company for
discrepancies relating to dealings
between FGVs subsidiary Delima
Oil Products Sdn Bhd and its cus-
tomer, Afghanistan-based Safitex
Trading LLC.
Subsequently, Zakaria claimed
there were graft and abuse of power
For breaking news updates go to
www.theedgemarkets.com
The companies are then evaluat-
ed by PwC before a final shortlist of
20 is presented for face-to-face de-
liberation by an independent panel
of judges that comprises regulators
and thought leaders in corporate
reporting and building trust issues.
For the 2017 Building Trust
Awards, the panel is led by Awards
chief judge Sir David Tweedie
(chairman of the Board of Trus-
tees of the International Valuation
Standards Council and past chair-
man of the International Account-
ing Standards Board).
Other members are former Bank
Negara Malaysia governor Tan Sri Dr
Zeti Akhtar Aziz; Tan Sri Dr Jemilah
Mahmood, the under secretary-gen-
eral of Partnerships of the Inter-
national Federation of Red Cross
and Red Crescent Societies; and
Faris Hadad-Zervos, who is country
in FGV, prompting an investigation
by the Malaysian Anti-Corruption
Commission, which is still ongoing.
In the same statement, FGV also
clarified that Zakarias predecessor,
Datuk Mohd Emir Mavani Abdullah,
was not involved in approving or
implementing the Safitex payment
process, contrary to Zakarias claim.
In fact, none of the Safitex
Trading LLC-related approvals
and transactions had Datuk Mohd
Emirs signature or made any ref-
erence to him, it said.
The plantation giant also said
Zakaria was not the one who made
the call not to proceed with the pur-
chase of a 55% stake in Zhong Ling
Nutril-Oil Holdings Ltd, or a 37% stake
in PT Eagle High Plantations Tbk.
The decision on Zhong Ling, said
FGV, was made after conditions
precedent in the agreement were
The 20 finalists are:
NO COMPANY NAME
1 Alliance Financial Group Bhd
2 Astro Malaysia Holdings Bhd
3 Axiata Group Bhd
4 CIMB Group Holdings Bhd
5 DiGi.Com Bhd
6 Fraser & Neave Holdings Bhd
7 Gamuda Bhd
8 IHH Healthcare Bhd
9 Malakoff Corporation Bhd
10 Malayan Banking Bhd (Maybank)
11 Maxis Bhd
12 Nestl (Malaysia) Bhd
13 Petroliam Nasional Bhd (Petronas)
14 Public Bank Bhd
15 Sime Darby Bhd
16 S P Setia Bhd
17 Telekom Malaysia Bhd
18 Tenaga Nasional Bhd
19 Westports Holdings Bhd
20 YTL Corporation Bhd
manager and head of the World
Bank Group Global Knowledge
and Research Hub in Malaysia.
I am pleased with the results
of these Awards. At the judges
meeting to deliberate on the
winners, my fellow judges and I
agreed that companies in Malay-
sia are making progress in build-
ing trust, said Tweedie.
Among the 20 companies
which were selected as finalists,
we observed several best prac-
tices in their reporting, includ-
ing clear disclosure of strategic
priorities, linked to quantifiable
KPIs and a broad overview of the
business outlook. This is certain-
ly encouraging, reflecting a cor-
porate reporting market that is
maturing, he added.
not fulfilled on the agreed deadline,
while the deal with Eagle High was
called off after negotiations did
not materialise.
In February 2017, another pro-
posal to partner with Zhong Ling
Nutril-Oil Holdings Ltd in relation
to FGVs subsidiary in China was
initiated by a working committee
under Datuk Zakarias leadership
but was aborted due to funding
issues, it added.
The two proposed acquisitions
were earlier criticised by the in-
vesting fraternity as overpriced and
not synergistic to FGV, while some
lauded Zakaria as the person who
called off the deals, which were pro-
posed before he took over as CEO.
FGV shares closed unchanged at
RM1.58 yesterday, with 3.73 million
shares traded, giving it a market
capitalisation of RM5.76 billion.
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
I made a mistake
hedging 100%
against currencies
No denying accountability for forex losses, says Nor Mohamed
STO R I ES BY SA NGEETHA
AM A RT H A L I NGA M
PUTRAJAYA: Former second fi-
nance minister Tan Sri Nor Mo-
hamed Yakcop, who was adviser to
Bank Negara Malaysia (BNM) from
September 1998 to April 2000, said
he made a mistake of hedging 100%
against currencies in the 1990s.
I was paid to do the job. I could
have said why should I take the risk
for my own career or family, but I
did it for the bank and the coun-
try, he told a five-man panel of the
Royal Commission of Inquiry (RCI)
into the 1990s foreign exchange
(forex) losses scandal yesterday.
The former BNM banking de-
partment manager between 1986
and 1994, who was responsible for
external reserves management,
took the stand to answer ques-
tions regarding his role in the forex
scandal, which is estimated to in-
cur losses of RM32.07 billion from
1988 to 1994.
Nor Mohamed said in the late
1980s and early 1990s, there was a
large inflow of US dollars, the stock
market was booming and in terms
of market valuation, Malaysia was
among the highest in the world.
High-ticket industries were be-
ing set up and US dollars were com-
ing in, but at that time the US dollar
was weakening because there was
talk of the Fortress Euro a con-
cept that various European nations
were doing well after the Second
World War.
It was said that Europe includ-
ing the UK would overtake the US
as the strongest economy in the
world. We subscribed to this view
and bought European currencies
RCI forex losses scandal: Anwar to testify today
PUTRAJAYA: Former deputy prime
minister Datuk Seri Anwar Ibrahim
is expected to testify in the Royal
Commission of Inquiry (RCI) into
the 1990s foreign exchange (forex)
losses scandal today.
Anwar, 70, served as the finance
minister from 1991 to 1998.
His lawyers Sivarasa Rasiah and
Gurdial Singh Nijar who are
holding a watching brief for him
said until Tuesday, Anwar was
not aware that he was being called.
He hoped to be called to testify
but to date, his statement has not
been taken by investigators [to be
verified in the inquiry]. He is keen
including pound sterling, he said.
Unfortunately, the value of the
European currencies crashed after
the non-ratification of the Maastricht
Treaty by Denmark in February 1992,
he added.
RCI conducting officer Datuk Su-
haimi Ibrahim pointed out to Nor
Mohamed that excessive speculative
management of the banking depart-
ment then was to convert an estimat-
ed US$30 billion into reserves, but
what came in was about half.
To a question whether the hedg-
ing was purely speculative, Nor Mo-
hamed said: Lets say, we knew this
money [US dollars] was coming in
over a period of a few months, and
I was the manager of the depart-
ment, and I knew about it two or
three months earlier.
If I did not hedge it by the time the
money came in, we would be buying
Deutsche Mark at an expensive rate.
Then the bank and everyone would
accuse me of not hedging.
Anyway, now I am clearly wrong
[for hedging], but at that time if I didnt
hedge and the US dollar crashed, I
would be accused of not executing my
responsibility as the manager. It was
part of my job to hedge, he added.
He explained that the Plaza Accord
in 1985 caused the yen to strengthen
against the US dollar sharply, which
resulted in losses to Malaysia and
developing countries as a significant
portion of external borrowings were
dominated in yen.
Seeing this, former BNM governor
Tan Sri Jaffar Hussein mooted the idea
of starting the active external reserves
management (which came under the
banking department) in 1988.
Jaffars primary motive for exter-
nal reserves management was to mit-
to give his side of the story, because
his name was mentioned by previ-
ous witnesses, Gurdial said.
He added the RCI conducting
officer has sent a subpoena for
Anwar to Kajang Prison, where
Anwar is serving time.
In the initial days of the in-
quiry, former Bank Negara Ma-
laysia (BNM) assistant governor
Datuk Abdul Murad Khalid tes-
tified that he informed Anwar of
the losses in 1994.
Abdul Murad said Anwar told
him that if the matter was made
public, the latter would have to
resign.
igate the downside impact of major
changes in forex rates on Malaysias
foreign currency assets and liabili-
ties, and to preserve and conserve
the value of what we have, he said.
Nor Mohamed noted that he re-
ported to Jaffar and a separate exter-
nal reserves committee, and not to the
finance minister and prime minister
as that was not his reporting line.
He added that he was not involved
in deciding on the accounting treat-
ment of the losses and had no knowl-
edge whatsoever of the accounting
treatment.
Nor Mohamed said it is easy now
to look back and think on hindsight
of how the losses could have been
avoided but he was merely doing
his job then.
I did not say we did everything
right. We did wrong and suffered
quietly, but the intention or mindset
was to be fair [in doing my job] and
that we must learn from our mis-
takes, he said.
All external reserve activities in-
cluding forex activities were based on
strategic considerations. Admittedly,
we misread the turn of the market
[the European currencies crash]
we learnt a bitter lesson from these
incidents, he said.
The forex losses happened. There
is no denying it. There is also no de-
nying my accountability for the forex
losses. I accepted my fair share of the
accountability for the forex losses and
resigned from BNM. At that time, it
appeared to me to be a sad end to
my 25 years of service to the nation,
through BNM, he said.
Read Nor Mohameds full written
statement at the RCI hearing at
www.theedgemarkets.com.
Speaking to reporters outside
the courtroom yesterday, Sivara-
sa said the inquiry process had
been unfair towards Anwar, as
documents related to Anwar have
yet to be produced, such as for-
mer BNM deputy governor Tan
Sri Lin See Yans testimony that
Anwar wrote a letter asking Lin
to settle the forex issue.
Anwar is handicapped in that
sense, because he has limited
time to prepare for the inquiry.
We have been saying from the
beginning that the inquiry pro-
cess has been unfairly conduct-
ed, he said.
HOME BUSINESS 3
Zeti: BNM suered RM32b in forex
losses, learnt of it via media
PUTRAJAYA: Former Bank Ne-
gara Malaysia (BNM) governor
Tan Sri Dr Zeti Akhtar Aziz said
the central bank suffered foreign
exchange (forex) trading losses
amounting to RM32.07 billion
between 1988 and 1994.
Zeti, who was governor
from 2000 to 2016, added that
in the 25 years since the scan-
dal, checks and balances have
been put in place with regard
to the governance of the central
bank, allowing it to withstand
the financial crisis of 1997/1998
and 2008.
The bank did not collapse.
The reserves did not deplete and
[in fact] the central bank rose
to the occasion. Our reserves
generated positive returns and
provided dividends to the gov-
ernment, she told a five-man
panel of the Royal Commission
of Inquiry (RCI) yesterday.
Of course one can never say
nothing can happen, but we
gave our best efforts for it not
to happen. We also invested in
technology and built up a cul-
ture of integrity, she said.
Zeti, clad in blue baju kurung,
said she only learnt of the mas-
sive losses through the media
in January 1994, when she was
assigned to the central banks
London representative office
between 1989 and 1994.
I contacted a senior official
of the bank to find out what hap-
pened and was told that BNM
had suffered significant losses
from reserve management ac-
tivities, she recalled.
However, she was made
aware of the sum of money lost
(RM32.07 billion) after receiving
the Accounting Treatment of
Losses Arising from Active Re-
serve Management 1988-1994
report on April 18, 2007.
Since 1994, all realised prof-
its or losses were reflected in the
profit and loss account of BNM.
This has been the proper and
accurate accounting practice
since 1994, she said.
My direct involvement in
the reserve management [be-
gan] when I was assigned to the
London representative office,
she said, adding that the Lon-
don office was allocated US$200
million for investment purposes.
The allocation was increased to
US$500 million for investment
by BNMs London and New York
offices.
The allocation, which is 1% of
the total reserves at any
given time, is used to
purchase, among
others, local cur-
rency-denom-
inated bonds
in Europe and
the US, which
requires fo-
rex transac-
tions to take
place.
She also noted that BNMs in-
ternational reserves amounted
to about US$20 billion in 1994
and has grown to about US$100
billion (RM424 billion) now.
In May or June 1992, she said,
BNM assistant governor Datuk
Abdul Murad Khalid informed
the late governor Tan Sri Jaf-
far Hussein, who was staying
at his apartment in London, re-
garding the massive exposure to
the bank as a result of the forex
transactions.
Abdul Murad did not have
the details of the forex trans-
actions then, she said.
Jaffar responded saying that
this was probably gross posi-
tions that were known by coun-
terparties that BNM traded with.
The counterparties would not
be aware of the net positions of
the bank and he was of the view
that the net positions were very
much less, she said.
Zeti said when she returned
to Malaysia in 1994 after her
London stint, BNM was still un-
winding its forward positions.
If the forward positions were
not favourable, it is referred to a
cutting loss. The mandate given
to the new governor after Tan
Sri Jaffar left was to clean up
the accounts of the bank, and
all the forward positions in a
matter of a few months were
still being unwound during that
period. So, the full extent of the
loss then would not be known
until those positions are actually
unwound, she added.
Zeti opined that Jaffar had
to take full responsibility of the
losses as the power was accord-
ed to him. I dont want to make
an assessment to what extent
he knew or was a part of as it is
not clear. What is clear is that he
took accountability for it in an
honourable way, and resigned.
Zeti said the original Cen-
tral Bank of Malaysia Act 1958
allowed BNM to sell and buy
currencies, and activities were
only monitored by one commit-
tee. It is learnt that the older law
had allowed forex transactions
in order to protect the banks
reserves.
However, the new legislation,
Bank Negara Malaysia Act 2009,
requires policies and guidelines
of reserve management to be
managed by the central banks
board of directors.
Zeti: The bank
did not collapse.
The reserves
did not deplete
and [in fact] the
central bank rose
to the occasion.
Photo by Reuters
4 HOME BUSINESS
1MDB stolen fund
witnesses silent
Fearing retaliation, they are too scared to talk FBI
BY EDVARD PET TERSSON
LOS ANGELES: Possible witnesses
of the alleged looting of billions of
dollars from 1Malaysia Develop-
ment Bhd (1MDB) are too scared
to talk to US investigators because
they fear retaliation, according to
the Federal Bureau of Investiga-
tion (FBI).
Some people in certain foreign
countries already assisting with
the criminal probe are concerned
about their safety, while others said
its too dangerous to cooperate, ac-
cording to an FBI request to keep
the names of its informants secret
from the alleged masterminds of
the 1MDB conspiracy.
Individuals who would other-
wise be willing to provide infor-
mation have told the government
they are worried about putting the
safety and security of both them-
selves and their families at serious
risk, the FBI said on Tuesday in a
federal court filing in Los Angeles.
The Justice Department last
month asked a judge to put on
hold a dozen-plus civil forfeiture
lawsuits seeking more than US$1
billion (RM4.24 billion) in assets
in the US, the UK and Switzerland
while its conducting a criminal
investigation into funds siphoned
CIMB buys Jupiter Securities
for RM55m
BY A DA M A ZI Z
KUALA LUMPUR: CIMB Group
Holdings Bhd announced that
it will acquire the entire equity
stake in dormant stockbroking
firm Jupiter Securities Sdn Bhd
for RM55 million.
CIMB said in a filing yester-
day its wholly-owned unit CIMB
Group Sdn Bhd has inked a share
purchase agreement (SPA) with
shareholders of Jupiter Securities
for the acquisition.
Jupiter Securities, together with
its four subsidiaries, has a com-
bined paid-up capital of RM24.59
million. The firm is a 74.43% sub-
sidiary of Olympia Industries Bhd.
The purchase consideration
was arrived at after taking into
consideration, among others, the
consolidated net assets of Jupiter
Securities and realisable benefits
of unutilised tax losses and unab-
sorbed capital allowances carried
forward from Jupiter Securities
and its subsidiaries, said CIMB.
The proposed acquisition
is a strategic initiative taken by
from Malaysias state development
fund. The targeted assets were ac-
quired by Malaysian financier Low
Taek Jho, also known as Jho Low;
Riza Aziz; and Khadem al-Qubaisi,
a former managing director of Abu
Dhabis International Petroleum
Investment Company.
The trusts holding the assets on
behalf of Low, Riza, Khadem and
their families are contesting the
forfeiture actions and oppose the
request to put the civil cases on
hold. The Low trusts have asked
the US to supply the identities of
witnesses, sources of evidence, and
thousands of documents that are
relevant to the criminal investiga-
tion, according to the FBI.
The FBI cited Malaysian news
reports of local officials who have
been arrested because of their pur-
ported roles in investigating the
1MDB embezzlement. As recently
as Aug 30, Malaysian media report-
ed that the driver of former attor-
ney-general (AG) Tan Sri Abdul
Gani Patail was shot and wounded
as a possible warning to the former
prosecutor not to cooperate with
the US, the FBI said.
Abdul Gani opened the initial
1MDB investigation, according to the
FBI filing. He was replaced by Tan Sri
Mohamed Apandi Ali as AG in 2015.
CIMB Group in connection with
its proposed partnership with
China Galaxy International Finan-
cial Holdings Ltd, a subsidiary of
China Galaxy Securities Co Ltd,
wherein Jupiter Securities shall be
the platform for the partnerships
Malaysia operations, it added.
In June, CIMB announced a
joint venture (JV) with China Gal-
axy to cooperate in the stockbrok-
ing business, both in Malaysia
and overseas. Analysts had esti-
mated that the JV, which should
kick off sometime this year, will
save CIMB some RM300 million
in operating costs annually.
The acquisition was made
mainly for Jupiter Securities
stockbroking licence, which is
needed by the CIMB-China Gal-
axy JV to commence operations
in Malaysia.
CIMB already has a stockbrok-
ing licence, but that is solely for
its current investment banking
arm, CIMB Investment Bank Bhd.
In a separate filing, Olympia
Industries said it will convert its
redeemable convertible prefer-
The US investigation is part of
global efforts to track how much of
the US$6 billion that 1MDB raised
for development projects was em-
bezzled or involved in money laun-
dering. Switzerland, Singapore and
Luxembourg are among the coun-
tries also investigating the roles
played by banks and individuals.
Prime Minister Datuk Seri Na-
jib Razak, who until last year was
the chairman of 1MDBs advisory
board, has denied any wrongdo-
ing and was cleared by Mohamed
Apandi. Low issued a statement
in June, in response to the second
round of forfeiture lawsuits, saying
the US government was continuing
inappropriate efforts to seize as-
sets despite not having proven that
any improprieties have occurred.
In those cases, the Justice De-
partment alleged that a US$1.29
million heart-shaped diamond and
a US$3.8 million diamond pen-
dant Low gave in 2014 to actress
Miranda Kerr were bought with
stolen money.
Low allegedly also gave a US$3.2
million Picasso painting to actor
Leonardo DiCaprio, who played
the lead in The Wolf of Wall Street, a
movie the US says was financed us-
ing misappropriated 1MDB funds.
Bloomberg
ence shares in Jupiter Securities
to up its stake to 76.55%, which
will allow it to get RM42.1 million
from the SPA with CIMB.
The total estimated gain from
the proposed disposal is RM24.6
million, based on the latest audited
financial statements of Olympia
Group for the financial year end-
ed Dec 31, 2016, said Olympia
Industries.
Of the proceeds, Olympia In-
dustries said it will use RM15 mil-
lion to repay borrowings, while
the balance will be used for work-
ing capital.
It expects the proposed dis-
posal to be completed by the first
quarter of 2018.
Shares in CIMB closed 0.15% or
one sen lower at RM6.75 yesterday,
giving it a market capitalisation of
RM61.1 billion. Year to date (YTD),
the stock has climbed near 50%.
Meanwhile, Olympia Indus-
tries shares slid 3.33% or half a
sen lower to 14.5 sen yesterday,
with a market capitalisation of
RM148.4 million. YTD, the coun-
ter has jumped some 93%.
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
EDITORS PICKS FROM
theedgemarkets.com
Iris deputy MD retires amid graft probe
BY ADAM A Z IZ
KUALA LUMPUR: Iris Corp Bhd an-
nounced that its deputy managing
director (MD) Datuk Hamdan Mohd
Hassan (pic) has relinquished his
position in the trusted identifica-
tion (ID) company amid an ongoing
graft probe in connection with the
companys e-passport contract with
the Republic of Guinea.
In a filing yesterday, Iris cited
retirement as the reason for the
58-year-olds departure. Hamdan
had been deputy MD of Iris for four
years since Aug 27, 2013.
Between November 2016 and
January 2017, Hamdan also served
as acting chief executive officer
(CEO) of Iris, after Iris group MD
and CEO Datuk Tan Say Jim went
for an indefinite leave of absence
on Nov 7, 2016 for personal reasons.
On Jan 20 this year, Hamdan was
nabbed by the Malaysian Anti-Cor-
ruption Commission following alle-
gations of graft relating to the Guin-
ea contract, which was reportedly
valued at RM739.21 million.
Hamdan allegedly demanded
bribes to supply and implement
Bank Negara international reserves
up to US$100.5b as at Aug 30
BY S U LH I A Z MA N
KUALA LUMPUR: Bank Negara Ma-
laysia (BNM) said its international
reserves amounted to US$100.5
billion (RM431.7 billion) as at Aug
30, up near 0.1% from US$100.4
billion as at Aug 15.
The reserves position is suffi-
cient to finance 7.8 months of re-
tained imports and is 1.1 times the
short-term external debt, BNM said
in a statement yesterday.
Foreign currency reserves consti-
Berjaya Assets plans 2-for-1 share split
BY S AMA N T H A H O
KUALA LUMPUR: Berjaya Assets
Bhd (BAssets) has proposed a two-
for-one share split to increase mar-
ket liquidity and broaden the base
of shareholders. This means every
one share will be split into two.
With the share split, the com-
pany will have a share capital of
RM1.79 billion, comprising 3.06
billion shares, assuming that all
the outstanding 339.89 million war-
rants are exercised.
AmanahRaya REIT trading suspended
pending announcement
BY S AM A N T H A H O
KUALA LUMPUR: The trading of
AmanahRaya Real Estate Invest-
ment Trust (REIT) units has been
suspended since 2.30pm yesterday,
pending a material announcement.
The suspension was made on
THE EDGE FILE PHOTO
secure chip technology solutions
in the country. The 15-year contract
was inked in February 2014.
In March, the group was hit with
a lawsuit by Roxwell Group Sdn Bhd
claiming for RM169.48 million in
alleged unpaid commissions over
the same project.
Hamdans role as acting CEO was
subsequently taken over by chief op-
erating officer Choong Choo Hock,
while Hamdans executive powers
were suspended.
Iris shares slid 2.94% or half a
sen to close at 16.5 sen yesterday,
giving it a market capitalisation of
RM407.86 million.
tuted the biggest portion of reserves
at US$94 billion, while its Internation-
al Monetary Fund reserves position
was at US$800 million, and special
drawing rights at US$1.2 billion and
gold at US$1.5 billion. Other reserve
assets came in at US$3 billion.
Total assets as at Aug 30 stood
at RM460.40 billion, according to
BNM data. Currency in circulation
amounted to RM103.23 billion.
The central banks internation-
al reserves have risen 6.24% from
US$94.6 billion as at Dec 30 last year.
Following the completion of the
proposed share split, the theoreti-
cal market price of BAssets shares
will be reduced to 61.5 sen from
RM1.23 as at Sept 5, the latest prac-
ticable date.
Barring any unforeseen circum-
stances and subject to all required
approvals, the board expects the
proposed share split to be complet-
ed by [the] end of 2017, said BAssets.
The stock closed at RM1.24 yes-
terday, bringing it a market capi-
talisation of RM1.48 billion.
AmanahRaya REITs request and will
last until the end of trading hours to-
day, its filing with Bursa Malaysia said.
Shares in the REIT rose 0.5 sen to
last trade at 95 sen at 2.12pm yester-
day, with 100,700 shares done and
a market capitalisation of RM544.46
million.
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
Global demand uptick
boosts July exports
This was the third straight month that exports outpaced imports
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Malaysias exports
surged 30.9% year-on-year (y-o-y) to
RM78.62 billion in July from a year
earlier, after slowing to 9.9% y-o-y in
June, as continuous uptick in global
demand allowed the country to sell
more electrical and electronic (E&E)
goods and palm oil products.
In a statement yesterday, the
Department of Statistics Malaysia
said exports of E&E products rose
28.3% y-o-y to RM27.9 billion in
July. They accounted for the larg-
est share of total exports at 35.5%.
Crude oil and liquefied natu-
ral gas exports climbed 85.4% and
50.8% respectively, while palm oil
products rose 12%.
This was the third straight month
that exports outpaced imports,
bringing trade balance surplus to
RM8.03 billion in July marking
the 237th consecutive month of
trade surplus since November 1997.
Imports in July rose 21.8% y-o-y
to RM70.59 billion, contributed by
intermediate goods and consump-
tion goods.
In a note to clients yesterday,
MIDF Research said continuous
uptick in global demand, in par-
ticular manufactured goods and
optimistic market environment, is
a major factor contributing towards
upbeat momentum in Malaysias
external trade performance.
It said about 45% of exports
growth was contributed by econ-
omies in Asia including Australia,
with exports to China and Japan
sustaining double-digit growth by
Creador pumps RM191m into
Indonesian private hospital chain Hermina
BY A DA M A ZI Z
KUALA LUMPUR: Private equi-
ty firm Creador has invested 600
billion rupiah (RM191 million)
for a minority stake in Indonesian
private hospital chain group, PT
Medikaloka Hermina.
Founded as a mother and child
care hospital, Hermina is now a
group with a network of 25 hospitals
with some 2,600 beds in Tier 1 and
2 cities in Indonesia, said Creador
in a statement yesterday.
Creador did not reveal the size
of the stake it acquired in Hermina.
Indonesian media reported last
month that Hermina was planning
an initial public offering some-
time next year that could raise as
much as US$200 million (RM848
million), making it the fifth hospi-
tal chain to be listed on the Indo-
nesia Stock Exchange if the plan
is realised.
Meanwhile, Creador said it made
HOME BUSINESS 5
Khazanah eyes Central
Asian opportunities
BY Z AI RI NA Z A IN UD IN
ASTANA: Khazanah Nasional Bhd
plans to widen investment activ-
nities and Collaborations Between
Malaysia and Kazakhstan, which
was moderated by Malaysias Am-
bassador to Kazakhstan, Syed Mo-
ities beyond Turkey and is eyeing hamad Bakri Syed Abd Rahman.
potential opportunities in Cen- Mohd Izani did not rule out in-
tral Asia, a region it has no pres-
ence yet.
vestment possibilities in Kazakh-
stan, Malaysias fourth-largest
Executive director of finance and trading partner among the Com-
chief financial officer Datuk Mohd monwealth of Independent States
Malaysias montly external trade performance (2011-2017) Izani Ghani said the investment countries.
(RM bil) could be varied, with the exception Kazakhstans sovereign fund
180
Total trade of the oil and gas and plantation has been to our office to under-
160 149.21 sectors, as the national strategic stand the way we undertake trans-
fund is not involved in both. formation. The meeting was more
140
We are already big in Turkey, of a business engagement, he said.
120 with various investments such as The one-day business forum was
100 in an airport and hospital. We can held as a culmination of Malaysias
Exports
80 78.62 extend our healthcare business to participation at the Astana Expo
here (Central Asia). 2017, spearheaded by the min-
60
Imports We have also investments in istry of energy, green technology
40 70.59 hospitals in Malaysia, Singapore, and water.
20
Trade balance Hong Kong and soon, in China. The expo provided a unique
8.03 Its good to complete the whole platform for the public and pri-
0 geography. Central Asia has been vate sectors to explore business
Dec
Dec
Dec
Dec
Dec
Dec
Jan
July
Jan
Jan
Jan
Jan
Jan
Jan
on our radar, he told Bernama on opportunities during the business
2011 2012 2013 2014 2015 2016 2017p
the sidelines of the Malaysia-Ka- matching sessions. It included
Source: Department of Statistics Malaysia zakhstan Energy Business Forum pocket talks highlighting Malay-
held here yesterday. sias strength in various fields of
He was a panellist at the first ses- energy, green technology and the
28.8% y-o-y and 27.5% y-o-y re- up to 15.2% and 18.6% in 2017, from sion titled Investment Opportu- economy. Bernama
spectively in July. 1.1% and 1.9% in 2016, respectively.
We opine that continuous im- It added that the external out-
provement in domestic economic look is supported by improving
activity in major economies such as global growth prospects in 2018,
China, Japan, the European Union strong global E&E demand as seen Former auditor-general Ambrin
is Litrak chairman
(EU) and the US indirectly translates in the recovery of global semicon-
into stronger external demand for Ma- ductor sales, as well as increased
laysias products, said MIDF Research. demand for commodity products.
With global trade activities picking In a separate statement, the Ma- BY S AM A N T H A H O the education ministry, Tan Sri
up, the research firm sees Malaysias laysia External Trade Development Dr Madinah Mohamad.
external trade outlook for August to Corp (Matrade) said Malaysias to- KUALA LUMPUR: Former au- Prior to that, he served as state
continue on an upward trend. tal trade surpassed the RM1 trillion ditor-general of Malaysia, Tan secretary of the Selangor state
However, MIDF Research main- mark in January-July 2017, expand- Sri Ambrin Buang, has been ap- government and secretary-gener-
tains its export growth forecast at ing 22.7% to RM1.01 trillion y-o-y. pointed the independent and al of education ministry until his
14.5%, expecting exports to gen- This was the fastest period trade non-executive chairman of Ling- appointment as auditor-general.
erally moderate in the second half breached the RM1 trillion mark, karan Trans Kota Holdings Bhd Ambrin will also be heading
of 2017 due to a high base effect. two months earlier than the normal (Litrak). Litraks nomination committee
RHB Economic Research estimates trend. Expansion was supported He will be succeeding Tan Sri and acting as a member of the
that given stronger external perfor- mainly by trade with Asean, China, Wan Abdul Rahman Wan Yaa- audit committee, Litrak said in
mance in external activities so far, ex- the US, the EU, Japan, India and cob, who had been independent two separate announcements.
ports and imports are expected to pick Taiwan, said Matrade. non-executive chairman until his Litrak, the concessionaire
retirement on Aug 30 this year. for Lebuhraya Damansara-Pu-
The change is effective to- chong and its associate, the Sprint
day, the highway concession- Group, manages the Sprint High-
aire said in a filing with the stock
exchange.
way.
Shares in Litrak slid 10 sen
Ambrin, 68, served as the au-
ditor-general from 2006 until Feb
or 1.67% yesterday to close at
RM5.88 per share, giving the
22, 2017, when he was succeeded group a market capitalisation
the investment decision consider- its the ability of the community, in by former secretary-general of of RM3.09 billion.
ing Herminas opportunities in the particular in less developed areas,
underserved Indonesian healthcare to access quality hospital services.
market. Indonesia has 12 beds per Our vision to grow our network
10,000 population, against a glob- to 40 hospitals by 2020 with local
al average of 30 beds for the same doctors as our partners is also in
population size. keeping with our commitment to be
Sona Petroleum shareholders to
The overall annual healthcare the private hospital services provid- receive nal distribution in December
expenditure of US$28 billion has er of choice for the local community
increased at a 10% compounded across Indonesia, added Hasmoro. BY WO NG E E L IN after, the companys tax agent will
annual growth rate for the last five Hermina is a standout in the seek tax clearance, it added.
years and private players have be- private hospital sector given its KUALA LUMPUR: Sona Petroleum Sona Petroleum said the liqui-
come a larger part of the overall pie. vast network, middle-class target Bhd, which is in the midst of being dator will call for a proof of debt
We see that this trend will ac- group, and unique combination of liquidated, has announced that the after the tax clearance is obtained.
celerate as Indonesia rolls out the multi-specialty competence and a liquidator is targeting to make a fi- It said the liquidation of Sona
government-sponsored Universal core expertise in mother and child nal distribution from the cash trust E&P (Perth) Pty Ltd, a whol-
Health Coverage (UHC) plans that care, said Creador senior manag- account to shareholders in Decem- ly-owned subsidiary of Sona Gol-
will provide healthcare access and ing director Cyril Noerhadi. ber 2017 subject to tax clearance. dhill Sdn Bhd, is ongoing and is
coverage to the whole Indonesian The Indonesian hospital sector In a filing with Bursa Malaysia expected to complete by Decem-
population by 2019, it added. is currently in growth mode and is yesterday, Sona Petroleum said tax ber this year.
Herminas president director Dr a key component and a beneficiary returns for the Year of Assessment The directors of Sona Gold-
Hasmoro said Hermina was one of of the governments push to pro- (YA) 2016 were filed with the In- hill, a wholly-owned subsidiary
the early supporters of the govern- vide affordable healthcare access land Revenue Board of Malaysia of Sona Petroleum, have initiated
ments UHC plans. and coverage to all Indonesians on May 12. the process of liquidation by way of
The healthcare infrastructure in through the Universal Health Cov- Tax returns for YA 2017 will be members voluntary liquidation,
Indonesia is in shortage, which lim- erage, he added. filed by Sept 25. Immediately there- said the company.
6 HOME BUSINESS
Vizione mulls paying dividends
No final decision had been made yet, says managing director
BY SU L HI A ZMA N
KUALA LUMPUR: Vizione Holdings
Bhd is looking at the possibility of
paying dividends to shareholders
from as early as the next financial
year ending May 31, 2019 (FY19),
said its group managing director
Datuk Ng Aun Hooi.
The last time it declared an in-
terim dividend was for FY02 when
it was still known as Astral Supreme
Bhd.
Ng, a major shareholder of
Vizione with a 5.66% stake, said a
dividend payout is likely for FY19
after Vizione booked an aggregate
net profit guarantee of RM82 mil-
lion for FY17 and FY18, arising from
its acquisition of Wira Syukur (M)
Sdn Bhd for RM280 million.
We will also recognise revenue
on a progressive basis for our out-
standing construction order book
of RM3.6 billion, he told report-
ers after Viziones extraordinary
general meeting (EGM) yesterday.
However, Ng said no final deci-
Goh Ban Huat
eyes sanitaryware
expansion in Vietnam
BY TAN XU E Y I N G
KUALA LUMPUR: Goh Ban Huat
Bhd (GBH) is looking at expanding
its sanitaryware business into the
Vietnamese property market, said
executive director David Lai.
We are close with certain big
property developers in town who
have projects in those countries [such
as Vietnam]. A good relationship is a
good way of partnership to see if we
can move our products to some of
their projects, Lai told reporters after
the groups annual general meeting
yesterday.
I think that would be a good plat-
form for us to set base [in Vietnam]
and see whether we can sell our sani-
taryware beyond Malaysia, he added.
Lai said the plan is still at its infan-
cy and would take nine to 12 months
to come to a collaboration, as discus-
sions with developers are ongoing.
When asked if the property sector
would be a focus area for its diversifi-
cation, GBH corporate adviser Datuk
Anderson Thor Poh Seng declined to
comment. Instead, he reiterated that
the group is still on the lookout for a
new business after it exited the clay
pipes manufacturing business in its
financial year ended March 31, 2017.
In August, the company bought a
vacant land measuring some 9,925
sq m in Mont Kiara from Puncak
Melati Sdn Bhd for RM39.53 million,
which Thor said was for investment
purposes.
He said the company would not
discount the possibility of developing
sion had been made yet.
Vizione will consider paying the
dividends subject to its capability
to do so, and after considering var-
ious factors such as earnings and
cash flow, he added.
Earlier at the EGM, Vizione re-
ceived shareholders nod to acquire
Wira Syukur, which will be satisfied
via a combination of cash and is-
suance of new shares of Vizione
to be issued at an issue price of 11
sen per share.
Ng currently owns a 51% stake in
Wira Syukur, a privately held con-
struction firm incorporated in 1996
which have completed projects
worth more than RM800 million.
The remaining 32% and 17%
stake in Wira Syukur are held by
Bee Jian Ming and Goon Mong Yee
respectively.
Vizione had, in a circular to its
shareholders, said that it is still
considering various options before
arriving at the exact cash portion
and number of new shares to be
issued, so as to ensure that it will
the land themselves, possibly into
medium- to high-end properties in
view of its location, or selling the land
off later on.
The investment may be for future
capital gain, or perhaps, if the market
is good, we may develop it ourselves
in the future. The options are still very
flexible, said Thor.
Meanwhile, based on its finan-
cial statements submitted to the
stock exchange last week, GBHs top
line in the first quarter of financial
year 2018 (1QFY18) ended June 30
shrunk 63.88% to RM4.79 million,
from RM13.25 million in the corre-
sponding quarter a year ago.
It, however, returned to the black
with a net profit of RM445,000, com-
pared to a net loss of RM715,000 pre-
viously, mainly from interest income
earned.
Lai said the company is working
on improving its performance in the
upcoming quarters, but foresee huge
challenges ahead due to the softening
of the market.
GBHs cash pile stood at RM152.73
million as at June 30, 2017, which
Thor said will be used for growth in
its existing trading business and for
future diversification purposes.
On cessation of its clay pipes man-
ufacturing business, GBH now oper-
ates in two main segments, namely
the trading of sanitaryware and prop-
erty investment, spearheaded by Tan
Sri Datuk Tan Hua Choon.
GBHs shares slid one sen to close
at RM1.33, with a market capitalisa-
tion of RM250.09 million.
(From left) Vizione Holdings Bhd executive director Wong Kwai Wah, Ng, chairman
Datuk Dr Raman Ismail, non-executive director (NED) Chan Chee Wing and NED Datuk
Mohamad Shokri Abdullah at the companys EGM here yesterday. Photo by Mohd
Suhaimi Mohamed Yusuf
retain its 68% grip after the pur-
chase is complete.
In conjunction with the purchase
of Wira Syukur, Vizione is also plan-
ning to raise around RM186 million
via a private placement exercise
to selected investors, in which the
BNM seen holding key rate as ination eases
BY J O S E P H S I PALAN
KUALA LUMPUR: Malaysias
central bank will likely keep its
benchmark rate unchanged today,
a Reuters poll showed, as inflation
is expected to continue to trend
downwards and economic growth
remains solid.
All 11 economists polled saw no
change to Bank Negara Malaysias
(BNM) key rate, which has been
held steady at 3% since July 2016.
Analysts say the central bank is
likely to hold its overnight policy
rate for the rest of 2017, barring a
sharp hike in core inflation, which
excludes food and fuel costs.
See Hup expands into Klang Valley, Johor Baru
BY K E NNY TE NG K HO O N HO C K
GEORGE TOWN: Penang-based
logistics company, See Hup
Consolidated Bhd, plans to ex-
pand its transportation services
business into the Klang Valley
and Johor Baru, amid strong
demand for logistic services
due to various infrastructure
projects.
Group managing director
Lee Chor Min said the group
planned to tap into various op-
portunities that arose from the
many upcoming infrastructure
projects in Greater Klang Valley.
He said the focus next year
would be the Klang Valley and
Iskandar Malaysia supported
by strong demand for logistic
services in both these areas.
Projects such as the East
Coast Rail Link, High-Speed Rail
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
cash proceeds will be used to fund
its future construction and property
development-related projects.
Ng said Vizione is in the process
of identifying suitable investors that
share similar mindset and values
to place out the shares.
As long as there is no signifi-
cant pickup [in core inflation], I
think BNM is quite comfortable
to leave its key rate for the rest of
the year, said Brian Tan, a Singa-
pore-based economist with No-
mura.
The annual headline inflation
rate was 3.2% in July, the fourth
straight month it slowed after hit-
ting an eight-year high of 5.1% in
March. Core inflation in July was
2.6%.
The central bank expects full-
year inflation to be in the 3% to
4% range.
The ringgit, which hit a 19-year
low of 4.9880 to the US dollar on
and Mass Rapid Transit will pro-
vide us with an opportunity,
especially in logistic services,
where we can offer total logis-
tic solutions, Lee said after the
companys annual general meet-
ing here yesterday.
For the financial year ended
March 31, 2017, See Hup record-
ed a higher revenue of RM87.87
million versus RM81.89 million
recorded in the last financial
year. However, it posted a pre-
tax profit of RM89,000 against
the previous year of RM11.76
million.
Lee said the transportation
and logistic services business
segment continued to be the
main revenue driver for See
Hup, although the air and sea
freight services, which com-
menced operations several
years ago, registered encour-
Vizione welcomes pension firms
and institutional funds [as investors],
but in doing so, we need to grow our
market capitalisation to the tune of
RM1 billion in order to attract their
interest, Ng said, noting that post-ac-
quisition of Wira Syukur, Viziones
market capitalisation is expected to
reach around RM400 million.
Going forward, Ng said Vizione
expects its revenue to grow by at
least 5% in FY18, while not dis-
counting that it may also double
that what it had booked the previ-
ous year of RM49.1 million.
Ng also said Vizione is tendering
for some RM1.5 billion of construc-
tion projects as part of its continual
effort to replenish its order book,
and typically the success rate is
40% to 50%.
The group will also embark and
explore some smaller scale proper-
ty development project by working
closely or joint venture with the
landowners. It is our intention to
have diversified sources of income
streams for the group, said Ng.
Jan 4, has strengthened about 5.6%
against it this year.
Economic growth has risen this
year, reaching 5.7% in the first half.
In August, the central bank revised
up its full-year growth forecast to
above 4.8%, from a 4.3% to 4.8%
range.
ING said yesterday that the ac-
celeration in growth plus other fac-
tors are reasons for BNM to begin
raising interest rates.
But external risks from North
Koreas nuclear threat and various
factors suggest the central bank
will not move anytime soon, it
said, predicting a hike in the third
quarter of 2018. Reuters
aging growth.
Our core strength is in land
trucking. We provide trucks to
move structural items for infra-
structure projects and we are
hoping to be able to maintain
the same margin of growth in
revenue, he added.
The group set aside RM10
million in capital expenditure
to expand its business in Klang
Valley and Johor Baru.
See Hup provides total logis-
tic services between Thailand
and Peninsular Malaysia as well
as Singapore.
Its local customers are most-
ly involved in the infrastructure
and construction sectors, while
overseas clients from Japan, the
US, Europe and India, are in-
volved in consumer goods, elec-
tronics and machinery parts.
Bernama
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
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Our shareholders, directors and employees may have positions in any of the stocks mentioned.

PERAK TRANSIT BHD (-ve) PERAK TRANSIT BHD Valuation score*

Fundamental score**
-
-
TTM P/E (x) -
SHARES in Perak Transit Bhd (fundamental: public transportation terminal in Ipoh and TTM PEG (x) -
N/A/3, valuation: N/A/3) triggered our pro- stage and express buses. P/NAV (x) 2.01
prietary momentum algorithm yesterday for For the second quarter ended June 30, 2017,
TTM Dividend yield (%) 1.67
the first time this year. the groups net profit jumped nearly three
The counter closed up one sen or 2.78% at 37 times year-on-year (y-o-y) to RM7.72 million Market capitalisation (mil) 411.46
sen, after 37.3 million shares were exchanged, from RM2.78 million, as revenue grew 52.3% Shares outstanding (ex-treasury) mil 1,142.95
six times its 200-day average volume of 6.18 to RM28.22 million from RM18.53 million. Beta 2.13
million shares. Its cumulative first-half net profit jumped 12-month price range 0.16-0.36
The group is principally involved in the 92.7% y-o-y to RM13.8 million from RM7.16 *Valuation score - Composite measure of historical return & valuation
operation and provision of transportation million, while revenue grew 45.1% to RM55.03 **Fundamental score - Composite measure of balance sheet strength
services and integrated terminal complexes. It million from RM37.93 million. Perak Transit is & protability
operates Terminal Amanjaya an integrated trading at 2.02 times its net book value. Note: A score of 3.0 is the best to have and 0.0 is the worst to have

VIZIONE HOLDINGS BHD (-ve) VIZIONE HOLDINGS BHD Valuation score*

Fundamental score**
0.90
1.20
TTM P/E (x) 196.42
SHARES in Vizione Holdings Bhd (funda- Yesterday, the group announced that it TTM PEG (x) 0.48
mental: 1.2/3, valuation: 0.9/3) triggered our has obtained shareholders approval to ac- P/NAV (x) 1.52
stocks with momentum algorithm yesterday quire construction company Wira Syukur
TTM Dividend yield (%) -
for the sixth time this year. (M) Sdn Bhd (WSSB) for RM280 million.
The counter closed up 0.5 sen or 3.85% at The acquisition will be funded via a com- Market capitalisation (mil) 113.73
13.5 sen yesterday, with 24.45 million shares bination of cash and issuance of new ordi- Shares outstanding (ex-treasury) mil 874.86
traded, higher than its 200-day average vol- nary shares. The group said the acquisition Beta 1.05
ume of 6.78 million shares. is intended to enhance construction earn- 12-month price range 0.09-0.14
The group, formerly known as Astral Su- ings, as well as to mitigate any potential *Valuation score - Composite measure of historical return & valuation
preme Bhd, is principally engaged in con- conflict of interest of the group in WSSB. **Fundamental score - Composite measure of balance sheet strength
struction, property development and prop- Vizione is trading at 1.57 times its net book & protability
erty investment. value. Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y
The future of newspapers
They may find their true value in real estate, not publishing
BY G E R RY SMI TH
NEW YORK: If this publishing thing
does not work out, newspapers may
have a future in real estate.
The owner of the Los Angeles
Times and Chicago Tribune said
on Monday it was not only buying
the New York Daily News, but also a
stake in a joint venture that will own
a 10ha parcel of land on which its
printing facility is located and which
overlooks the Manhattan skyline.
Prefabricated
bathrooms, units
for all Singapore
new ats by 2019
SINGAPORE: Singapores Hous-
ing Development Board (HDB)
says it will improve construction
productivity through a greater use
of prefabricated units that are as-
sembled off-site but that can be
installed on-site.
According to a report by The Busi-
ness Times, this would drive HDBs
construction productivity on a larger
scale, setting it on track to achieve
a productivity improvement of 25%
by 2020, compared with 2010.
One of the initiatives is to expand
the use of prefabricated bathroom
units (PBUs).
The HDB yesterday said that
it would implement PBUs in 60%
of the flats launched in 2017, be-
fore extending this to all projects
launched by 2019.
It first piloted the concrete PBU
in Fernvale Lea, a build-to-order
(BTO) project in Sengkang, which
completed in January 2016.
So far, the HDB has implement-
ed the PBU in 15 BTO projects in-
volving some 14,000 units.
It was not enough that Tronc
Inc bought a storied New York City
tabloid for just US$1 (RM4.24). A
Tronc executive told the Chicago
Tribune the land was an added
inducement to this transaction.
With print advertising in a down-
ward spiral ever since the Internet
became a commercial force, news-
papers have seen the value of their
once-formidable brands dwindle.
In many recent newspaper deals,
including this one, it is the proper-
Vancouver home prices surge
a year after foreign-buyer tax
BY LEAH SCHNURR
OTTAWA: Vancouver home sales
and prices jumped in August from
the year before on heightened de-
mand for less expensive condomin-
iums and town homes, the Real
Estate Board of Greater Vancouver
said in a report on Tuesday.
Prices in Canadas most expen-
sive market were up 9.4% from a
year ago, putting the benchmark
price for a typical property at C$1.03
million (RM3.5 million), while to-
tal residential property sales rose
22.3%. Sales were up 2.8% from July.
Sales and prices in Vancouver
had slowed immediately after a tax
on foreign buyers was put in place
in August 2016, but some econo-
mists expect the impact will prove
to have been short-lived.
The tax was implemented by the
British Columbia government amid
concerns speculation from over-
seas buyers was fuelling a hous-
ing bubble.
Detached homes, apartments
and townhomes all saw sales rise in
ty that offers calculable value and
drives the deal, newspaper analyst
Ken Doctor wrote on TheStreet.com.
It is not the only example of
newspapers exploring the real es-
tate market:
Tronc journalists saw the build-
ings where they work in Chicago
and Los Angeles get sold last year,
though their former parent com-
pany, Tribune Media Co, owned
them and got the proceeds.
The New York Times is vacat-
Filepic of houses in Vancouver. Sales and prices in Vancouver had slowed immediately
after a tax on foreign buyers was put in place in August 2016, but some economists
expect the impact will prove to have been short-lived. Photo by Reuters
August compared with a year ago,
though apartments saw the biggest
increase in prices with a 19.4% surge.
First-time homebuyers have led
a surge this summer in demand for
our condominium and townhome
markets, the real estate boards
president Jill Oudil said.
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ing and subleasing at least eight
floors of its headquarters building
in Manhattan to find more sources
of revenue.
The Boston Globe last month
struck a deal to sell its former of-
fices in Dorchester, Massachusetts
to a local developer.
The Dallas Morning News own-
er, AH Belo Corp, said on a recent
earnings call that it was selling two
parking lots and a park in down-
town Dallas. Bloomberg
Homes that were priced between
C$350,000 and C$750,000 saw in-
tense competition and multiple
offers, Oudil said.
The number of properties that
were listed for sale rose 3.5%, sug-
gesting prospective sellers may be
moving off the sidelines. Reuters
IN BRIEF
Nova buildings voted
as Britains worst
new property
LONDON: Nova, a pair of Lon-
don office buildings developed
by Land Securities Group plc
and Canada Pension Plan In-
vestment Board, is the worst new
property in Britain, according to
a panel assembled by architec-
tural website Building Design.
The 44,600-sq-m buildings were
designed by PLP Architecture
Ltd and tenants include BHP Bil-
liton plc and Egon Zehnder. Its
the second time in three years
that a project involving the UKs
largest real estate investment
trust has won the so-called Car-
buncle Cup. Bloomberg
250m Dubai mixed
development launched
priced in bitcoin
NEW YORK: The Knox Group of
Companies, with headquarters
on the Isle of Man, announced
late on Tuesday it will launch
a residential and commercial
property development in Dubai
valued at 250 million (RM1.38
billion), with residences that
can be purchased in the digital
currency bitcoin. The company
said the 22.3ha property venture
called Aston Plaza and Residenc-
es, consisting of two residential
towers and a shopping mall, will
be the first major real estate de-
velopment that will accept bit-
coin as payment. Reuters
London housing market
still hit by Brexit, tax
hike, says Berkeley
LONDON: British housebuild-
er Berkeley said yesterday that
the London property market
continued to be hit by uncer-
tainty surrounding Brexit and
a property tax hike, but that it
was on track to deliver antici-
pated profit growth. Berkeley
said it had continued to trade
according to expectations over
the last four months and was
on course to achieve at least 3
billion (RM16.6 billion) of pre-
tax profit in the five years to the
end of April 2021. Reuters
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
Positive outlook for insurance sector
Insurance sector This represented the second
Maintain overweight: General in- half-yearly period y-o-y fall since
surance-sector premiums fell by 2H16, mainly driven by a drop in
0.9% year-on-year (y-o-y) for the the marine, aviation and transit seg-
first half of 2017 (1H17), while life ments, and continued weakness
insurance performed better with seen in motor and fire insurance
a 5.9% y-o-y growth as consumers segment growth.
prioritised protection over consump- For 1H17, the life insurance sector
tion. We remain positive about the and family takaful sectors annual-
long-term outlook for the insurance ised new premium (ANP)/contri-
sector given Malaysias favourable bution grew y-o-y by 5.5% and 7.3%
demographic patterns, but note that respectively. Combined, they rose
more efforts and measures are like- by 5.9% y-o-y. The life segment has
ly needed to boost the stagnating been witnessing a relatively stronger
penetration rate. We maintain our ANP growth compared to the gen-
overweight sector view. eral segment since 2015.
For 1H17, general insurance-sec- Companies within our cover-
tor premiums fell by 1.8% y-o-y, age continued to outpace industry
while the general takaful sectors growth. We believe that such indus-
contribution rose 5.9% y-o-y. None- try outperformance was due to the
theless, the general sectors gross respective companies established
direct premiums and contribution distribution network, well-planned
fell by a combined 0.9% y-o-y. strategy and/or niche offerings. We
Insurance
COMPANY RATING PRICE TP MKT CAP
(RM) (RM) (RM MIL)
Allianz Malaysia Bhd* Buy 14.52 16.30 5,028
LPI Capital Bhd Buy 17.84 21.40 5,923
Tune Protect Group Bhd Buy 1.08 1.15 812
Syarikat Takaful Malaysia Bhd N/R 3.90 Not rated 3,210
Sector average 15,936
Source: Bloomberg, Affin Hwang forecasts * Includes ICPS; note: based on the share price as of the close on Sept 5, 2017
No near-term rerating
catalysts for MCIL
Media Chinese International Ltd Media Chinese International Ltd
(Sept 6, 48.5 sen)
Downgrade to hold with a low- FYE MARCH (RM MIL) 2016A
er target price (TP) of 56 sen: Revenue 1,362
Both Media Chinese Internation- Ebitda 205
al Ltd (MCIL) and Qingdao West
Core net profit 112
Coast Holdings (International) Ltd
(QWCH) have decided not to pro- Core EPS (sen) 6.6
ceed with the One Media Group Ltd Core EPS growth (%) (22.7)
(OMG) deal. This is a disappoint- Net DPS (sen) 4.3
ment as it removes a catalyst for Core PER (x) 7.4
our buy call on expectations of P/BV (x) 1.0
a special dividend per share (DPS) Net dividend yield (%) 8.8
of up to 15 sen. We lower TP to 56
ROAE (%) 12.9
sen as we lower our valuation peg
to 11 times its price-earnings ratio ROAA (%) 7.1
for calendar year 2017. The invest- EV/Ebitda (x) 5.5
ment thesis for MCIL will now be Net gearing (%)
on the challenging outlook for its (incl perps) net cash net cash net cash net cash net cash
core print business. That said, divi- Consensus net profit - -
dend yields of above 7% per annum MKE vs. Consensus (%) - -
should buffer further downside to
Source: Maybank IB Research
its share price.
MCIL announced that the share
transfer agreement (STA) deadline
for its disposal of 73%-owned OMG The investment thesis
to QWCH lapsed on Aug 31, 2017. for MCIL will now be
As both parties have chosen not to on the challenging
extend the STA deadline, QWCH
will no longer be acquiring OMG outlook for its core
from MCIL. To recap, MCIL was print business.
set to receive HK$460.6 million
(RM249.71 million) in cash pro-
ceeds from the sale of OMG, but
agreed to reacquire OMGs busi- from the de-consolidation of OMGs
nesses ex-Ming Pao Weekly for losses. Recall that OMG has been
HK$49.2 million. loss-making. Similarly, our DPS es-
Although the OMG disposal has timates are unchanged as we have
fallen through, our earnings esti- not incorporated the potential dis-
mates are unchanged as we have tribution of net cash proceeds from
not imputed any earnings accretion the disposal of OMG of 15 sen per
B R O K E R S C A L L 9
believe that industry consolidation and life insurance segments, as well are likely to take a back seat compared
is inevitable in the long run as an as its attractive valuation where we to life insurance and family takaful
insurers size remains crucial for believe its life insurance business counterparts in the short term due
long-term competitiveness, in terms remains undervalued and misun- to subdued spending patterns, the
of economies of scale for costs and derstood by investors. potential for an overall under-pene-
investments, meeting capital re- Malaysias favourable demo- trated insurance industry in Malay-
quirements, branding and even risk graphics, including a young pop- sia remains very strong. Favourable
management. ulation and growing middle class, demographic trends and ongoing
Our market research of insur- remain supportive of a long-term reforms will likely continue to drive
ance companies reveals that regu- structural growth for both general sector growth, while potential cata-
latory reforms, be it de-tariffication and life insurance. However, the pen- lysts such as tax incentives and public
for general insurance or the LIFE etration rate has stagnated in recent listings could drive investors inter-
framework for life insurance, are years. We believe the government est and understanding of the sector.
progressing smoothly without any has a bigger role to play alongside We also like LPI Capital Bhd and
significant disruptions observed industry players and regulators. En- Tune Protect Group Bhd due to their
thus far. News of potential listings suring proper financial education for niches in fire and travel insurance
of insurers such as Etiqa Insurance the public and providing relevant respectively. Key downside risks to
and Takaful, Great Eastern and such tax incentives for policy purchases our sector call include a slowdown
could also generate more interest are among measures that should be in household income growth, and
and awareness of the sector. considered to avoid the social costs continued lack of financial educa-
We continue to like Allianz Malay- of an underinsured population. tion and awareness of the need of
sia Bhd as our top sector pick for its While we believe the general in- insurance. Affin Hwang Capital
meaningful exposure to the general surance and general takaful segments Research, Sept 6
MKT CAP YEAR P/B (X) EPS GROWTH (%) P/B ROE (%) DIV YIELD (%)
(USD MIL) END CY17E CY18E CY17E CY18E (X) CY17E CY18E CY17E CY18E
1,180.2 Dec 15.3 13.2 4.6 16.0 1.6 9.9 10.7 0.6 0.7
1,390.1 Dec 19.5 18.7 4.0 4.4 2.9 15.7 15.1 4.2 4.2
190.6 Dec 13.7 12.8 -26.0 7.2 1.5 10.7 11.8 4.6 5.1
753.5 Dec 16.4 15.0 11.1 9.2 4.1 24.9 23.0 2.8 2.9
3,514 16.2 14.9 -1.6 9.2 2.5 15.3 15.2 3.1 3.2
Ample opportunities for
BIMB in SME space
BIMB Holdings Bhd
(Sept 6, RM4.38)
Maintain buy with an unchanged
target price (TP) of RM5: We attend-
2017A 2018E 2019E FY20E ed BIMB Holdings Bhds post-results
1,338 1,172 1,192 1,213 briefing and walked away feeling pos-
154 153 163 174
itive about its new strategies to revi-
talise loan growth. BIMB is targeting
83 87 95 107
an 8% loan growth for the financial
4.9 5.2 5.6 6.3 year ending Dec 31, 2017 (FY17).
(25.7) 5.0 8.5 12.9 BIMB took the opportunity to
3.2 3.6 3.9 4.4 introduce its new group and Bank
10.0 9.5 8.7 7.7 Islam Malaysia Bhd chief executive
1.0 1.0 1.0 1.0 officer Khairul Kamarudin. Khairul
6.5 7.4 8.0 9.0
outlined several new strategies,
namely entering the small and me-
7.9 10.5 11.6 12.6
dium enterprise (SME) segment and
5.6 6.5 7.8 9.6 strengthening digitalisation efforts. stands at 74% of total financing.
6.1 3.9 3.3 2.7 While BIMB could be among the BIMB has reduced its exposure
last to compete in the SME space, to the oil and gas (O&G) sector from
we feel that there are still ample 9.5% in 2015 to 8.7% as at June 2017.
66 64 59 opportunities, especially within the Out of RM3.6 billion financing for
32.1 47.7 81.3
boundary of government-related the O&G sector, only RM53.7 mil-
agencies. BIMB will leverage on its lion was impaired, translating into
connection with government agen- a 1.5% impaired ratio.
cies, such as SME Corp Malaysia Risks to our call include new reg-
share to MCIL shareholders yet. Our
DPS estimates are premised on a 70%
and Biotech Corp, to become the
preferred SME financier. It aims
ulations for investment accounts,
an economic slowdown and high
dividend payout ratio per annum. to cover the SME universe ranging household debt.
With advertising expenditure from start-ups to full-fledged SMEs. We laud BIMBs efforts to shift
(adex) sentiment expected to re-
main subdued in the second half
Its board has approved the plan
to venture into the SME segment.
its concentration from household
financing and leverage on technol-
of this year, we opine that MCIL BIMB has cemented a partnership ogies to promote its products. Both
will encounter an operationally with US IT service provider Cogni- SME and digitalisation offer high
challenging environment in the zant. We understand that BIMB would potential of sources of income. We
near term. Note that MCILs sev- not incur any operational or capital remain confident of a decent showing
enth-month newspaper adex for expenditure from this tie-up as it is by BIMB in its FY17 financing growth.
this year has fallen 13% year-on- based on a revenue-sharing concept. We maintain our TP of RM5 us-
year. Coupled with the removal of We are positive about the tie-up as it ing the Gordon growth valuation
a special DPS prospect, we con- would enable BIMB to attract more model, based on a weighted aver-
cur that there are not many near- SME and corporate financing, poten- age capital cost of 7.2% and a return
term rerating catalysts for MCIL. tially diversifying its concentration in on equity of 15%. Hong Leong
Maybank IB Research, Sept 5 household financing which currently Investment Bank Research, Sept 6
10 B R O K E R S C A L L
LBS Bina acquires
100% stake in
Gombak mall deal
LBS Bina Group Bhd
(Sept 6, RM1.90)
Maintain outperform with an
unchanged target price (TP)
of RM2.23: LBS Bina Group Bhd
has announced the acquisition
of a mall in Gombak for RM105
million, with payment coming in
various forms.
We understand this is part of
the groups longer-term plans to
grow a recurring income base to
augment its property development
sales which are already hitting an
annual RM1.5 billion currently.
We are neutral on the deal as
financial contributions are only
anticipated in the next two to three
years and are likely to be marginal.
Operational losses are antici-
pated to be about RM1 million to
RM2 million per annum, which
are immaterial in our view.
More importantly, it enables the
group to gain insights into owning
and running a mall at a relatively
low entry cost, experience which
will come in handy when it even-
tually develops a larger-scale mall
in its flagship Bandar Saujana Pu-
tra township.
We continue to like LBS Bina
for its exposure to the mid-mar-
ket affordable housing segment,
and affirm our outperform call
with an unchanged TP of RM2.23.
The Gombak mall deal will see
LBS Bina acquiring a 100% stake in
Gerbang Mekar Sdn Bhd (GMSB)
for a cash consideration of RM12
million.
GMSB is the owner and oper-
ator of a retail mall known as M3
Mall in Gombak. M3 Mall is part of
Prestariang ventures into cloud-based higher education
Prestariang Bhd
(Sept 6, RM1.80)
Maintain buy with an unchanged
fair value of RM2.08: We reiterate
buy on Prestariang Bhd with un-
changed forecasts and a fair value
of RM2.08 based on sum-of-parts
valuation. Prestariang is currently
trading at a financial year ending
Dec 31, 2018 forecast price-earn-
ings ratio of 12.5 times, which is a
steep discount to its peer average
of 18 times.
Prestariang has entered into a
subscription agreement with Open-
Learning Global (OGPL) and its
founder and chief executive of-
ficer Adam Maurice Brimo for the
subscription (in tranches) of up to
five million new A shares in OGPL
and approximately three million
convertible preference shares for a
total consideration of A$5 million
(RM17 million) to be funded by
LBS Bina Group Bhd
FYE DEC (RM MIL) 2015A
Revenue 680.3
Pre-tax profit 108.1
Net profit 76.0
EPS (sen) 11.7
FD EPS (sen) 10.1
PER (x) 17.0
FD PER (x) 18.9
DPS (sen) 9.5
Dividend yield (%) 5.0
Sources: Company, PublicInvest Research estimates
a larger mixed development pro-
ject known as Medan Mega Melati
which includes the M3 Residency,
two blocks of 16-storey serviced
apartments built atop the mall.
Valued at RM107 million, the
mall has gross floor and net let-
table areas of 587,572 sq ft and
182,609 sq ft respectively. Current-
ly 83%-tenanted, the mall counts
The Store and Texas Chicken Res-
taurant as anchor tenants. GMSB
reported a net loss of RM5.7 mil-
lion in December 2016, though the
group anticipates to lower this in
the coming year or two.
Bought at RM105 million, the
transaction will involve the upfront
payment of RM12 million for the
GMSB acquisition, a further cash
payment of RM5.2 million to be paid
in five instalments over nine months,
a repayment of RM40.8 million in
shareholders advances via units de-
veloped or to be developed by the
group, and a resumption of an RM47
million loan taken up with Kuwait
Finance House.
Prestariang Bhd
FYE JUNE (RM MIL)
Revenue
Core net profit
FD core EPS (sen)
FD core EPS growth (%)
Consensus net profit
DPS (sen)
PER (x)
EV/Ebitda (x)
Dividend yield (%)
ROE (%)
Net gearing (%)
Sources: AmInvestment Bank, company report
internally generated funds. Sub-
sequent to the subscription, Pre-
stariang will own an approximate
16.7% interest in OGPL.
However, we note that Prestar-
iangs final equity interest in OGPL
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Niche oce, prime mall segments
to remain resilient in the long term
REIT sector
Maintain market weight: The sec-
tors core net earnings (excluding fair
value gains) in the second quarter
of financial year 2017 (2QFY17) im-
proved by 7.4% year-on-year (y-o-y),
mainly driven by strong y-o-y growth
at MRCB-Quill REIT, which was
largely due to acquisition of Me-
nara Shell, and Sunway REIT, which
partially offset the dent in sector net
profit by Pavilion REIT. Excluding
MRCB-Quill REIT, core earnings
grew at a decent rate of 1.4% y-o-y
versus 0.9% y-o-y in 1QFY17.
Pavilion Mall and Suria KLCC
2016A 2017F 2018F 2019F CAGR (%) continued to see y-o-y declines in
993.6 1,139.6 1,480.2 1,564.3 23.1 2QFY17 due to major tenant relo-
144.6 166.3 222.2 222.7 19.8
cation exercises. Tenants at Pavilion
Mall have been gradually moving to
85.6 109.8 146.7 147.0 17.9 Pavilion Elite since the third quarter
13.2 16.9 22.5 22.6 17.9 of 2016 (3Q16) and the relocations
11.4 14.6 19.5 19.5 17.9 should have been fully completed by
15.1 11.8 8.8 8.8 1H17. On the other hand, the devel-
16.8 13.1 9.8 9.8 opment of a mens and womens lux-
10.0 12.0 10.6 13.3 ury precinct on level 1 of Suria KLCC
5.2 6.3 5.6 7.0
will only be completed by 4Q17.
We maintain our market weight
call on the sector given the lack of
compelling catalysts in the near
To note, assumption of the said term. We still believe that the over-
loan will increase gross gearing of supply of office malls and retail
LBS Bina by a marginal 0.04 times. space is far from over. However, we
Separately, it has been reported think that the niche office building
in news portals that the mayor of and prime retail mall segments will
Zhuhai is currently under inves- remain resilient in the long term.
tigation for alleged irregularities For exposure to retail REITs, we
while he was holding senior posi- like IGB REIT as we believe it has
tions in a state-owned enterprise. the lowest earnings risk due to solid
While this has no direct bear- rental reversion and the highest re-
ing on LBS Bina, it may, howev- tail sales, and an implied dividend
er, delay the implementation of yield of 5.2%. IGB REIT also posted
its Zhuhai International Circuit resilient growth in 1H17 solely due
(ZIC) transformation owing to the to organic growth at Mid Valley
potential lack of a decision-maker Megamall and The Gardens Mall.
in the interim.
The areas council has managed REIT sector
to put through its plans for pub-
lic viewing, in compliance with COMPANY
regulatory requirements, without Axis REIT
any negative comments received. CapitaLand Malaysia Mall Trust
ZIC is now working on a resub- IGB REIT
mission of a more detailed concep- KLCC Property Holdings Bhd
tual plan which will encompass
MRCB-Quill REIT
three components motor sports,
culture and tourism, but may now Pavilion REIT
have to wait. PublicInvest Re- Sunway REIT
search, Sept 6 Sources: Bloomberg, UOB Kay Hian
A$9 million in 2020. Should OGPL
achieve the targeted PAT of A$9 mil-
2016 2017F 2018F 2019F lion in 2020, Prestariang will receive
132.1 161.9 514.2 642.6 an effective shareholding of 14.3%.
In contrast, any shortfall in the PAT
8.7 20.0 72.8 92.0
target could see the shareholding
1.8 4.1 14.2 17.9 progressively rising to 24.3%.
(45.0) 129.3 243.4 26.4 The objective of the agreement
- 26.1 61.5 74.2 is to venture into the cloud-based
3.0 4.8 6.8 8.0 higher education markets both do-
98.4 42.9 12.5 9.9 mestically and regionally. OGPL
76.4 30.9 8.7 9.2 operates a platform for learning
management systems and massive
1.7 2.7 3.8 4.5
open online courses (MOOCs). It
5.4 12.5 35.2 32.7 currently has revenue share agree-
nm nm 53.9 155.7 ments with 66 higher educational
and vocational institutions across
four countries and over 900,000
will be determined based on a per- students in its database. Having
formance band. Based on the latest secured an agreement with the
information available, OGPL re- higher education ministry to set up
mains unprofitable but is expected and operate the National MOOC
to break even in 2018 and aims to Platform for public universities, it
achieve a profit after tax (PAT) of also has a considerable foothold in
(But) we still believe
that the oversupply of
oce malls and retail
space is far from over.
It was also able to record a rental
reversion of 5% during the quar-
ter with tenant sales reported in
the high single digits. Its sponsors
asset Mid Valley Southkey Meg-
mall is expected to be opened on
Aug 18, 2018, but we gather that its
acquisition will not take place in
the near term.
We downgrade MRCB-Quill
REIT from buy to hold given
limited share price upside, follow-
ing its share price increase. Howev-
er, we still like the company for its
built-to-suit strategy which allows
it to lock in tenants for a longer pe-
riod and shields it from the office
oversupply issue. After the series of
acquisitions by its sponsor (Plati-
num Sentral and Menara Shell from
Malaysian Resources Corp Bhd),
the next acquisition could be Me-
nara Celcom in PJ Sentral which is
slated for completion by end-2017.
Hence, we expect the acquisition
exercise to take place in 2018 and
earnings contribution will only start
in 2019. Although the acquisition
resulted in improved earnings per
unit, distribution per unit is, how-
ever, likely to remain flat in the near
term due to the enlarged share base
from a placement exercise and/
or share swap exercise to fund the
acquisition. UOB KayHian Re-
search, Sept 6
SHARE PRICE TARGET PRICE
REC (RM) (RM)
Hold 1.60 1.65
Hold 1.46 1.53
Buy 1.72 1.86
Hold 7.80 7.50
Hold 1.31 1.38
Hold 1.72 1.65
Hold 1.71 1.85
our local education market.
Noting competition from more
established names like Udemy,
Udacity and Coursera, we leave
our forecasts unchanged for now
pending further earnings clarity.
Positively, the investment would
allow Prestariang to tap into OG-
PLs student database and techni-
cal expertise for the development
of EduCloud.
We continue to like Prestariang
for its leading position in the infor-
mation, communications, and tech-
nology training and software distri-
bution space in Malaysia, its SKIN
project which is expected to beef up
net profit by more than eight times
from financial year 2016 (FY16) to
FY18, and its recent tie-up with Alib-
aba Cloud and Conversant Solutions
to develop EduCloud, which provides
potential for new revenue streams.
AmInvestment Bank, Sept 6
12 H O M E
Dr M: Change direction
to avoid becoming poor
People find it hard to understand 1MDB ... but they can comprehend GST, among others
BY R ASH B EH A RI B HAT TACHAR JEE
KUALA LUMPUR: Former political
enemies have come together now
because the country needs to reset
its current direction that is headed
towards excessive indebtedness
and divisive politics, said two top
leaders of the opposition Pakatan
Harapan coalition.
At this moment, there should not
be any problem with financing, but
because there is abuse of the gov-
ernments funds, we seem to be very
poor and the government seems
to think that the only way to over-
come this is to raise taxes, said Parti
Pribumi Bersatu Malaysia chairman
Tun Dr Mahathir Mohamad at a talk
organised by The Malaysian Insight
(TMI) news site yesterday morning.
Of course, then it hits the peo-
ple, he said.
People find it difficult to un-
derstand 1MDB (1Malaysia De-
velopment Bhd). They cannot even
Petronas conrms arrest of employee
by MACC for suspected graft
KUALA LUMPUR: Petroliam Na-
sional Bhd (Petronas) has con-
firmed that an employee of the
company has been arrested by the
Malaysian Anti-Corruption Com-
mission (MACC) for suspected graft.
The arrest follows an internal
investigation on the employee
conducted by Petronas, which
later reported the case to the an-
ti-graft agency, the national oil
major said. It did not disclose
the employees name.
Petronas also assisted MACC
investigators on the case, prior to
the arrest, it said in a statement
yesterday.
Petronas does not condone nor
tolerate any form of misconduct
among its employees and con-
tractors, and is extending its fullest
cooperation to [the] MACC to fur-
ther assist in their investigation, if
necessary, the statement added.
The group noted that since
2012, it has been working closely
Store supervisor pleads not guilty to
accepting RM23,000 in bribes
KUALA TERENGGANU: A store
supervisor of a state govern-
ment-owned company pleaded
not guilty at the Sessions Court
here yesterday to 11 charges of
accepting bribes amounting to
RM23,000 in 2015.
The accused, Zamri Jusoh, was
found to have accepted bribes
from Tham Mun Hing, the own-
er of a spare parts and fertiliser
supply company, as inducement
figure out what is RM1 billion. But
they can understand GST (goods
and services tax), tax being levied
on people who sleep in hotels, and
now when you go to the airport, you
have to pay RM1. There are taxes
and taxes being added, which be-
fore there was no need for, at a time
when we were not so prosperous.
We think [theres] a lot of abus-
es going on in the government, so
much so that the government has
to tax the people. This is what the
people understand and feel very
much against, said Dr Mahathir.
The other speaker in the 45-min-
ute session was DAP adviser Lim
Kit Siang. The event entitled Saving
Malaysia: Friends and Foes was
moderated by TMIs Jahabar Sadiq
and broadcast on Facebook Live.
The two leaders gave their views
on various issues affecting the coun-
try, including the troubled 1MDB
state strategic investment fund, the
dominance of racial and religious is-
with the MACC to curb corruption
and misconduct, both among em-
ployees within its group of com-
panies, and among contractors
and third-party service providers.
It was earlier reported that a sen-
ior official with Petronas Carigali
Sdn Bhd (PCSB) was among three
individuals nabbed over suspect-
ed graft involving RM23.7 million.
The 45-year-old project de-
livery manager at the company,
which engages in oil and gas ex-
ploration and production servic-
es, was reportedly detained by the
MACC at his office in Petronas
Twin Towers on Tuesday.
The MACC also arrested the
57-year-old director of a company
that carried out works for PCSB at
a house in Batu 9, Jalan Cheras.
The MACC was also reported to
have raided the residence of a for-
mer technical assistant of PCSB in
Puncak Alam, Kuala Selangor and
detained the 28-year-old there.
for dealing with the supply com-
pany through an account of his
wife Siti Noor Hidayah Deraman.
Zamri was accused of the of-
fences between May and Decem-
ber 2015 at the office of Ladang Ket-
engah Perwira Sdn Bhd, Kemaman.
Judge Rofiah Mohamad set
bail at RM8,000 in one surety
and fixed Oct 2 for re-mention
and appointment of counsel.
Bernama
PHOTO BY SHAHRIN YAHYA
Dr M: Now there should not be a
problem with nancing, but because of
abuse of funds, we seem to be very poor.
sues, voter sentiment, the coalitions
chances in the coming 14th general
election, leadership succession, the
coalitions choice for prime minister
and the rising cost of living.
There is a sense of disappoint-
ment and disillusionment, of hope-
lessness, in fact, said Kit Siang, refer-
ring to the sentiment among voters
for national progress. We have to
UM ranked among
worlds top 400 varsities
KUALA LUMPUR: Universiti Ma-
laya (UM) made it to the top 400
of the Times Higher Education
World University Rankings 2018,
a ranking of the top 1,000 univer-
sities from 77 countries.
Times Higher Education (THE)
in a statement yesterday said,
UM, a new entrant in the list, was
ranked at the 351 to 400 band,
while Universiti Tunku Abdul Rah-
man (Utar) and Universiti Tenaga
Nasional (Uniten) were listed for
the first time in the 501 to 600 and
801 to 1,000 cohorts respectively.
The three universities were
among eight Malaysian univer-
sities included in the top 1,000
universities, compared with
seven Malaysian universities in
2017. The other five universities
are Universiti Kebangsaan Ma-
laysia, Universiti Putra Malaysia,
Universiti Sains Malaysia, Univer-
siti Teknologi Malaysia and Uni-
versiti Teknologi Petronas, ranked
601 to 800.
Malaysia is one of the leading
emerging university nations in
Asia. It has one of the worlds fast-
est growth rates in research paper
outputs [albeit from a low base],
the Doctor of Philosophy (PhD)
training capacity has increased
and it has the wealth needed to
invest in the higher education
sector, said THE.
THE Global Rankings Edito-
rial director Phil Baty said it was
great to see Malaysia improving its
standing in the rankings, although
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
prevent the fallout of this and make
sure to reignite hope, confidence and
expectation to be able to maintain or
even improve on the voter turnout.
This task of saving the nation
should be borne by Malaysians re-
gardless of race, religion, region or even
party politics. It is the responsibility of
all Malaysians. Thats why we believe
we should try and reach out to the
3.5 million Umno members and one
million PAS members, said Kit Siang.
It is time to get back [to the
Malaysian Dream], which we are
celebrating after 60 years. We are
supposed to be ahead of other
countries, but we have lost out to
South Korea, Taiwan. I still remem-
ber, 60 years ago, where was Tai-
wan? Very poor, very backward.
South Korea was not even in our
radar. But now they are ahead of
us. So it is time that we get it back
together, so that we can continue to
be a progressive, prosperous, united
and model nation, Kit Siang said.
Msia is one of the
leading emerging
university nations in
Asia. It has one of the
worlds fastest growth
rates in research paper
outputs, and it has
the wealth needed to
invest in the higher
education sector.
the rankings were becoming in-
creasingly competitive, with sev-
eral other Asian countries soaring
up the table.
Baty said Malaysia would need
to ensure it could maintain its in-
vestment in universities if it want-
ed to improve its global standing.
THE World University Rankings
are the only global performance
tables that judge research-inten-
sive universities for teaching, re-
search, knowledge transfer and
international outlook.
Globally, the University of Ox-
ford (UK) retains first place in the
THE World University Rankings
2018; University of Cambridge
(UK) [second], California Institute
of Technology (US) and Stanford
University (US) in third place, and
Massachusetts Institute of Tech-
nology (US) [fifth]. Bernama
IN BRIEF
Be aware of dengues
phases, says drugs
society spokesperson
KUALA LUMPUR: Both health-
care professionals and the pa-
tients must be aware of the
different phases in dengue
infection that present differ-
ent symptoms, which if not
identified could lead to death.
Malaysian Pharmaceutical So-
ciety vice-president Bharati
Suresh Chand said there were a
few areas in which information
about dengue was lacking and
that was where most health-
care professionals and patients
overlooked the symptoms of
the disease. A lot of patients,
when they have a fever, they
only know about the high fever
symptoms of dengue. But there
is a phase in dengue, called the
critical phase that comes after
the febrile phase. When you
go into the critical phase, your
system shuts down and there
is no fever. So there is a possi-
bility when a patient walks into
the clinic or pharmacy, and if
we as healthcare profession-
als only look for the fever, we
may think and exclude den-
gue, she said during a panel
discussion at the Unveiling
of the Southeast Asia Dengue
Survey programme here yes-
terday. Bernama
Sarawaks 13th spot in
student ranking worrying
state minister
KUCHING: Sarawaks 13th po-
sition for average overall stu-
dent passes in public exami-
nations is a cause for concern,
said state Education, Science
and Technological Research
Minister Datuk Seri Michael
Manyin Jawong. He said the
ranking needed to be improved
to at least 10th position so that
Sarawak would not continue
to be left behind in education
compared with states in Pen-
insular Malaysia. Bernama
Milk aid may be extended
to secondary schools
TELUK INTAN: The education
ministry is considering extend-
ing the 1Malaysia Milk Pro-
gramme (PS1M) to secondary
schools, as proposed by par-
ents. Its deputy minister Da-
tuk P Kamalanathan said the
ministry would consider the
proposal based on the current
financial allocations so that the
benefits derived from PS1M for
primary schools could be ex-
tended to secondary schools
nationwide. Bernama
Malaysia to keep raising
Rohingya plight at UN, OIC
PUTRAJAYA: Malaysia will con-
tinue to raise the plight of the
Rohingya Muslim minority in
Myanmar at the UN and Organ-
isation of Islamic Cooperation
(OIC), said Foreign Minister
Datuk Seri Anifah Aman. He
said Malaysia would not stop
looking into all possibilities
to stop the further escalation
of violence against Rohingya
Muslims in the Rakhine state
after Asean failed to address the
issue efficiently. Bernama
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
Trump cannot solve North
Korea by just making a deal
Transactionalism may work in business, but it will not get the US out of its foreign-policy jams
BY M EG H A N L O SU L L I VA N
President Donald Trumps tweet
this weekend that the US might ter-
minate all trade with countries do-
ing business with North Korea was
widely derided on the grounds of
realism. Given that 90% of North Ko-
reas trade is with China, the tweet
was little more than a veiled threat
to terminate all US trade with Bei-
jing, ending a bilateral trade rela-
tionship valued at US$650 billion
(RM2.76 trillion) a year. It would, as
many correctly pointed out, mean
economic disaster for North Korea
and also for the US.
The realism argument as
well as its companion criticism that
such statements call into question
US credibility is well founded. But
my bigger issue with the presidents
tweet lies elsewhere. Trumps threat
particularly when viewed along-
side his reported preparation to
withdraw from the free trade agree-
ment with South Korea shows
that he is willing and inclined to
take on would-be allies in the hopes
that the pressure he creates will
force them to address a common
problem on his terms.
By threatening to curtail US trade
with South Korea and China, Trump
seems to be trying to create some
leverage, some bargaining power,
Freedom of navigation is in the eye of the beholder
BY S AM B ATEMA N
THE need for freedom of navigation
in the South China Sea is invariably
mentioned in statements from re-
gional forums. For example, Asean
and China recently agreed on the
Asean-China Framework for the Code
of Conduct for the South China Sea.
An objective of this framework
is to ensure maritime security and
safety and freedom of navigation
and overflight.
Seen holistically, freedom of
navigation is inherently good and
worthy. No one argues against its
importance in the South China Sea.
Superficially this looks positive, but
in reality there are different views
about freedom of navigation.
Even adding caveats such as in
accordance with international law
makes little difference as there is
no agreement on key points of in-
ternational law related to it. Basic
questions abound about freedom of
navigation in the South China Sea.
Is it a freedom for all ships and
aircraft? Where does it apply? Is it
only for commercial vessels? Should
warships and fishing vessels also en-
joy a particular freedom? What are
valid restrictions on a particular free-
dom? What about military activity in
over Beijing and Seoul that he can
then use to get them to be tougher
on North Korea. As he said back in
April on Face the Nation: I think
that, frankly, North Korea is maybe
more important than trade. He also
mused that securing Chinas help in
dealing with North Korea could be
worth making not as good a trade
deal for the US.
We have known for some time
that the president views all nego-
tiations through such a transac-
tional lens. And perhaps, in some
circumstance, such a transaction-
al approach can bear fruit in the
realm of foreign policy, although
I am hard-pressed to point to one.
Some US administrations have tried
to deal with Russia in this way; Mos-
cow generally saw any concession
as a sign of weakness, rather than
as part of an explicit bargain.
Taking this approach with allies
such as South Korea or potential
partners such as China (at least in
regard to North Korea) is even more
problematic. In these instances,
the possibilities should be great-
er, based on the assumption that
the relationship is bigger than a
cost-benefit analysis. The arrange-
ments that make sense in a context
of some trust may otherwise fall flat
in a context only of short-term gain.
But what is so surprising and un-
an exclusive economic zone (EEZ)?
These questions could go on
and on. It is no good arguing that
international law provides answers.
It does not. The relevant law can
be ambiguous, and international
arbitration to resolve these ambi-
guities, particularly in cases related
to military activities, is unlikely.
Ultimately, answers to these ques-
tions will come only through a politi-
cal process. The major differences in
opinion about what constitutes free-
dom of navigation concern two issues.
First, there is the freedom of a war-
ship to transit another countrys ter-
ritorial sea without prior notification
or authorisation by the other country.
Second, there is the freedom to con-
duct military activities in the EEZ of
another country. China and the US
hold polar views on these two issues.
China and other littoral coun-
tries to the South China Sea argue
that warships have no automatic
right of innocent passage in their
territorial sea. But the US and some
other extra-regional countries argue
with some justification that this right
applies to all ships of all nations re-
gardless of the ships nature.
Military activities in an EEZ are
a vexed issue. There are two com-
plications.
Trumps tweet this
weekend that the US
might terminate all
trade with countries
doing business
with North Korea
was widely derided
on the grounds of
realism. Photo by
Reuters
settling about the presidents state- entirely different approach. In the
ments of the last couple of days
particularly in the aftermath of North
Koreas most powerful nuclear test
yet is that Trump seems to think
this transactional approach is ap-
propriate even in a crisis that could
be existential to some of the parties.
Trump appears to believe he can
tweak the balance sheet of these re-
lationships in a way that both China
and South Korea see no choice but to
approach the North Korea problems
as he would like them to do.
This is highly risky. Finding a
solution to or, more likely, the
sustainable management of a
problem as high-stakes and com-
plex as North Korea demands an
First, the EEZ regime established
by the 1982 United Nations Conven-
tion on the Law of the Sea (Unclos)
was the result of a compromise. In
negotiating Unclos, the US argued that
the EEZ was an extension inwards of
the high seas while many coastal states
argued it was an extension outwards of
their territorial sea. The compromise
saw the EEZ established as a zone all
of its own neither classified as high
seas nor territorial sea and subject to
its own legal regime.
The freedom of navigation in the
EEZ of another country is not abso-
lute, and an EEZ is not internation-
al waters. Unclos makes clear that
countries exercising their rights and
duties in the EEZ of another country
should do so with due regard to
the rights and duties of that country.
But this is a major qualification
often not recognised. For example,
the Belfer Centre at the Harvard
Kennedy School recently published
Freedom of Navigation in the South
China Sea: A Practical Guide.
According to the guide: The ex-
clusive economic zone is considered
part of international waters. States do
not have the right to limit navigation
in the exclusive economic zone.
There is no reference to the due
regard qualification. Instead, the
past, when collective action was re-
quired to combat a looming threat,
each actor was often required to
take what was sometimes an enor-
mous leap of faith, and commit to
pledges and take risks dramatically
outside its comfort zone. Such leaps
were possible in the context of trust
and common values and purpose
such as Nato members uniting be-
hind the idea that an attack against
one is an attack against all.
Sometimes this coming together
was less noble and unconditional
such as when the US and China
started their rapprochement in the
1970s. But this was done against
the backdrop of perceived and real
statement set aside the carefully
balanced nature of the EEZ regime
in Unclos.
The second issue is that the scope
of military activities is very wide.
They can range from full-scale mili-
tary operations through to passive in-
telligence collection and surveillance.
Some activities may be accept-
able; others may not. Some, such
as oceanographic research by naval
vessels, may infringe on the coastal
states jurisdiction over marine sci-
entific research within its EEZ, or
on its right to exploit the resources
of its EEZ.
Language has also become a key
issue in the South China Sea dispute.
The term freedom of navigation
is a sensitive issue for some South
China Sea countries because they
perceive other states as using the
phrase to push for extensive navi-
gational freedoms.
While they accept the term free-
dom of navigation as an inherently
good and worthy concept, the ar-
chipelagic countries, in particular
Indonesia and the Philippines, do
not like the phrase because it im-
plies a threat to the integrity of their
national waters.
Rather, these countries think of
a right of navigation, not a free-
COMMENT 13
common interests in an alignment
against the Soviet Union, and was
broad-based enough to survive
some disappointments on both
sides. It was bigger than the out-
growth of a series of short-term
quantifiable calculations, weighed
against one another on an Excel
spreadsheet.
I have real sympathy for those in
the Trump administration charged
with addressing the threat from
North Korea. It is a policy problem of
enormous proportions, with no ob-
vious right answer. There are, how-
ever, obviously wrong strategies, and
adopting a hard-core transactional
approach toward allies and neces-
sary partners is among them.
To the extent it is possible to im-
agine a positive outcome to this cri-
sis, it involves the US, China, South
Korea and others working together
and almost certainly putting some
element of trust and confidence
in each other to uphold promises
and commitments that cannot be
externally guaranteed. A transac-
tional approach stands no chance
of getting us that far. Bloomberg
This column does not necessarily
reflect the opinion of the editori-
al board or Bloomberg LP and its
owners.
dom. Right has a more restrictive
meaning than freedom it is a
qualified freedom.
Unclos reflects this subtle distinc-
tion. It defines navigation in straits
used for international navigation and
the high seas as freedoms, whereas in-
nocent passage in territorial seas and
archipelagic waters, and transit along
archipelagic sea lanes are rights.
Some common understanding
of these issues would be an impor-
tant confidence-building measure
that would help prevent maritime
incidents in the South China Sea.
But achieving these understandings
would be slow and difficult in view of
the polarised views on many issues.
Meanwhile, it is important to
appreciate that the issues are not
as clear-cut as many commentar-
ies would have us believe. TO-
DAYonline
Dr Sam Bateman, a retired Royal
Australian Navy commodore, is an
adviser to the Maritime Security Pro-
gramme at the S Rajaratnam School
of International Studies, Nanyang
Technological University. This com-
mentary draws on the event report,
Understanding Freedoms of Naviga-
tion Asean Perspectives.
14 FO CU S
Singapore health firm eyes Malaysia
Health Management International offers investors a play on the sectors growth
BY M I C HEL L E TEO
A
t 39, Chin Wei Jia is
fresh-faced, youth-
ful and poised to take
over the running of
Health Management
International (HMI)
as it embarks on its next phase of
life. The company is set to expand
the capacity of its two hospitals in
Malaysia, while keeping a close eye
on increasingly affluent locals as
well as visitors from the region head-
ing there to seek specialist medical
treatment.
As The Edge Singapore report-
ed last week (Issue 794, Aug 28),
HMI is among a clutch of health-
care stocks listed on the Singapore
Exchange that has benefited from
positive investor sentiment over the
past couple of years. The sector out-
performed the benchmark Straits
Times Index last year, buoyed by
expectations that rising wealth and
ageing populations in Singapore
and the region would be lucrative
for healthcare services providers.
HMI offers investors a play on
growing demand in Malaysia. The
company traces its roots to Chins
father, family physician Dr Chin
Koy Nam, who banded together
with fellow doctors to found Bal-
estier Medical Centre in 1991. It
was incorporated as HMI in 1998,
listed on the secondary board in
1999, and moved to the Mainboard
in 2008. Chin currently serves as
CEO while her mother, Gan See
Khem, is executive chairman. Her
brother, Wei Yao, is the groups chief
financial officer.
As Chin recalls, the 60-bed HMI
Balestier, sited at the junction of
Thomson Road and Balestier Road,
had been doing well, thriving on the
Indonesian patients who came to
Singapore for specialist treatment.
But the business suffered the effects
of the Asian financial crisis, as well
as the overall increase in capacity
for specialist treatment at other
hospitals in Singapore.
HMI Balestier closed in 2003.
By then, the company already had
a stake in Mahkota Medical Cen-
tre, a private hospital in Melakas
city centre. It was also operating a
vocational institute to train nurses
and other healthcare workers,
which started in 2001.
According to its web-
site, HMI was the first
in Malaysia, through
Mahkota, to introduce
the business model of
selling medical suites
to doctors, adapted
from the Singapore
private hospital
scene. Mahkota
was also among
the first hospi-
tals to attract
patients from
Indonesia. To-
day, the 266-bed
hospital serves
10% of Malaysias
medical tourists, or
HMI is building an extension block to raise Regency Specialist Hospitals capacity to 380 beds by FY21, with the potential to expand to an eventual 500-bed hospital. Photo by HMI
more than 80,000 foreign patients
a year, who make up about a third
of its overall patient load.
HMI also wholly owns and op-
erates the Regency Specialist Hos-
pital in Iskandar Malaysia, Johor,
which started operations in No-
vember 2008. Singaporeans can
use funds from the national med-
ical savings scheme, Medisave, at
both the Mahkota and Regency
hospitals.
Medical tourism on the rise in
Malaysia
HMI plans to add 34 beds to the
Melaka hospital during the current
financial year, to increase its capac-
ity to 300 beds, and another 40 beds
eventually. Regency hospital in Jo-
hor will also have 34 beds added.
HMI is building an extension block
to raise its capacity to 380 beds by
FY21, with the potential to expand
to an eventual 500-bed hospital.
More hospital capacity is being
built in Iskandar, though. Besides
Regency and the newer Gleneagles
Medini, some 1,000 beds will be
added, including at billionaire Peter
Lims Thomson Medical complex.
Chin believes there is ample
room, and cause, for HMI to thrive.
Domestically, certain key trends
are driving the growth in private
healthcare (increasing) insur-
ance coverage, an ageing
population, increasing af-
fluence and, of course, a
lot of chronic diseases, she
says. Also, the government
is pushing the development
of healthcare, both in the
Chin: Domestically, certain
key trends are driving
the growth in private
healthcare [increasing]
insurance coverage, an
ageing population,
increasing auence
and a lot of chronic
diseases. Photo
by Albert Chua
Health Management
International
Vol (mil)
40
35
0.7
30
25 S$0.635 0.6
20
15
10
5
0 going to build on clinical services,
Aug 29, 2014 Aug 29, 2017
private and public sectors, for the
people. That augurs well for the
industry.
Malaysia is well situated to take
advantage of the growth of medi-
cal tourism, which in turn benefits
HMI. According to the Malaysia
Healthcare Travel Council, the in-
dustry is expected to generate 30%
more in revenues, which will hit
RM1.3 billion this year.
Our target audience is the mid-
dle- to upper middle-income popu-
lation, and that is the biggest grow-
ing group of people regionally,
Chin adds. Perhaps as a sign of a
flourishing business, she observes
that there is an increase in medical
insurance coverage. For example,
some of the Indonesian third-party
administrators are starting to look
at covering Malaysian healthcare
as well because they know its very
cost-effective. The weak ringgit is
also very good for medical tourism.
Would HMI consider returning
to operating a medical centre or
hospital in Singapore? The health-
care services sector in the city state
is certainly competitive, Chin says,
but we are open to looking at var-
ious options. It could be strategic
collaborations, it could be invest-
ment opportunities.
HMI would be interested in op-
portunities in Malaysia, Indonesia
and Singapore. The collaborations
could include clinical exchanges
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
with other doctors and hospitals,
with the aim of exchanging ideas
and building up expertise. As a re-
S$ sult, HMI could offer new services.
0.8
In terms of investments, Chin says
HMI is likely to be interested in
medical centres or similar facili-
ties, though that would very much
depend on market conditions and
0.5 the ability to attract and retain doc-
tors.
0.4
Ultimately, HMI is concentrating
on the organic expansion plans at
0.3
both its hospitals, she adds. Were
0.2
in areas such as cancer, cardiology
and neurosurgery, and that will
drive continued growth.
Strong earnings projected
HMI recently paid S$183.2 million
to acquire shares in the two hos-
pitals in Malaysia that it did not
already own. Before the acquisi-
tions, it owned 48.9% of Mahkota
and 60.8% of Regency. The acqui-
sitions were financed by cash and
new shares, which were issued to
non-controlling shareholders in
the two hospitals. The cash com-
ponent was funded in part by a
five-year term loan of up to S$62
million, as well as a rights issue of
S$18.5 million.
HMI is expected to take on more
debt to fund the bulk of the con-
struction cost of the Regency ex-
pansion, estimated at RM160 mil-
lion. As at FY17 ended June, the
company had a net debt-to-equity
ratio of 0.5 times. Analysts say it
intends to pay down 50% of the ac-
quisition debt by December, which
should lower its gearing to 0.42
times in FY18.
Following the consolidation,
HMI posted a 3.5% y-o-y rise in
earnings for FY17 to RM20.6 mil-
lion. Revenue increased 9% to
RM435.8 million. Earnings were
affected somewhat by one-off costs
associated with the consolidation.
Stripping out those costs, the com-
pany would have reported a 40%
jump in earnings to RM32.1 million.
At 59 times current earnings,
some might find HMIs stock richly
valued. But on a forward price-to-
earnings basis, it is trading at 30
times earnings, below its peers
valuations of 35 times.
In an Aug 25 report, UOB Kay
Hian (UOBKH) writes that it is ex-
pecting a seasonally strong 1QFY18.
Patients who delayed procedures
during the fasting month of June
tended to return in July, the report
says. The brokerage also expects
HMIs earnings growth to outpace
the industrys over the next two
years, buoyed by expansion plans
as well as strong medical tourism
prospects in Malaysia.
Analysts at UOBKH project a
compound annual growth in HMIs
earnings per share of 21.5% from
FY18 to FY20. It has a buy rec-
ommendation on the stock, with a
discounted cash flow-based price
target of 83 Singapore cents.
Analysts at OCBC Investment
Research cite developments in
Melaka, such as the Melaka gate-
way, more flight routes and the
proposed upgrading of the Mela-
ka International Airport as oth-
er likely drivers of growth. OCBC
believes that earnings for FY18,
with fewer one-off costs, should
give investors a clearer picture of
what HMI offers.
The group is able to generate
strong cash flows, and we believe
our investment thesis remains in-
tact with it on a healthy growth
momentum, as both hospitals work
on expanding services, operational
excellence, as well as [the] capacity
to effectively capture the expected
increase in demand from both local
and foreign patients, the brokerage
says. It expects earnings to almost
triple to RM57.6 million, on the
back of an 8.4% increase in turno-
ver to RM472.5 million.
For FY19, earnings are forecast
to go up 13.9% y-o-y to RM65.6
million, as revenues rise 8.6% to
RM513.3 million. OCBC has a buy
call on the stock, with a fair value
of 80 Singapore cents. The Edge
Singapore
THU R S DAY S E P T E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY
Invoice crowdfunding firm Validus
offers SMEs virtual credit card
BY T R I N I T Y C H UA
FOR small and medium-sized en-
terprises, a single delayed payment
from a customer can mean a major
dent in cash flows. Invoice crowd-
funding start-up Validus Capital
thinks it has a good solution to this
problem.
Two-year-old Validus has part-
nered Visa to launch a virtual card
solution that gives SMEs credit in
exchange for their invoices. Each
SME is given a monthly credit limit
and can draw on this credit by put-
ting an invoice up for funding on
the Validus platform. Validus says
it has about 50 accredited investors
on its platform, which consistently
fund these invoices within an hour.
We do not cherry-pick which
invoices to finance, which makes us
quite different from the banks [and
other invoice crowdfunding plat-
forms], says Vikas Nahata, co-found-
er of Validus. We can approve SMEs
within 48 business hours on average.
Then, we offer to finance all their
receivables at a rate that is more ex-
pensive than the banks but cheaper
than their alternative options such as
money lenders. The start-up charges
SMEs an interest rate of 10% to 18%
a year, depending on how risky the
business is.
Validus was born from a pro-
gramme to help online grocery com-
pany GroXers, which had been un-
able to get financing for its invoices
from the bank. Nahata explains that
he and co-founder Ajit Raikar were
approached by Visa and a global
bank to come up with a way to help
GroXers. That led to the development
of the virtual card.
Visa is the technology that pro-
Nam Lees mature business makes for an attractive, stable yield play
BY CH AN C HAO PEH
NAM Lee Pressed Metal Industries
business of making steel and metal
parts is not growing at an exciting
pace. In fact, as Phillip Capital an-
alyst Richard Leow points out in an
Aug 15 note, the companys busi-
ness might be considered mature.
However, Leow says Nam Lees
earnings are also stable. We view
Nam Lee as a yield play.
Three quarters into the current
FY17 (the company has a Septem-
ber year-end), Leow is confident
that Nam Lee can maintain last
years dividend payout of two Sin-
gapore cents a share. Based on the
stocks closing price of 37 Singapore
cents on Aug 28, this translates into
a healthy yield of 5.4%.
With the ample cash on the bal-
ance sheet, we believe in Nam Lees
ability to maintain FY16s dividend
of two Singapore cents a share in
FY17. Positive surprise will be from
higher-than-expected dividends
being proposed, says Leow, who
has a buy call on the stock and a
price target of 51 Singapore cents.
Leows target implies a forward
vides the payment gateway [for our
programme], says Raikar, a veteran
banker who left his role as SME head
at DBS Bank to start Validus. Raikar
was also a vice-president at Bank
Danamon Indonesia and a region-
al head at Citi. Together with Visa,
Validus built a software system that
automates the payment process for
invoices. This is particularly impor-
tant for small companies with hun-
dreds of bills. Another SME that is
coming onboard has 20 staff man-
aging about 30,000 invoices from
2,000 customers a month. In the
future, the Validus dashboard will
track every payment in real time for
the company.
Validus aims to bring six SMEs
into the programme this year. Growth
is expected to accelerate next year.
Visa is getting us the customers,
says an excited Raikar. Visa has a
partnership with this large bank in
Singapore, which has about 20,000
SME customers. [A significant num-
ber has] sales of between S$20 million
(RM63 million) and S$100 million,
which [fits into] our programme.
Potential in crowdfunding SMEs
Raikar thinks there is plenty of un-
tapped demand for credit in the SME
market. About 60% of the countrys
GDP comes from SMEs, which hire
70% of the workforce. Yet, very few
sizeable bank loans go to SMEs, he
says. This means there is an enor-
mous working capital gap that is not
being addressed. Tapping invoice
financing platforms such as Validus
allows start-ups to expand more rap-
idly, Raikar adds. For instance, they
can buy supplies in bulk with the ad-
ditional liquidity. This might allow
them to qualify for bulk discounts.
Nam Lee has supplied materials to notable projects such as The Pinnacle @ Duxton
(pictured), Business Centre at International Business Park and the Jurong Data Centre.
Photo by The Edge Singapore
earnings multiple of 11.5 times
considerably lower than the Straits
Times Indexs forward multiple of
14.8 times. Nam Lees projected yield
is higher than the STIs yield of 3.2%.
On Aug 14, Nam Lee report-
ed its numbers for 3QFY17 ended
June 30. Earnings for the first nine
months increased 2.2% y-o-y to
S$8.1 million, while revenue was
down 2.5% y-o-y to S$95.2 million.
Leow observes that the companys
Nahata (left, with Raikar): We can approve SMEs within 48 business hours on average.
Photo by Samuel Isaac Chua
Validus is just one of many
crowdfunding players trying to
fill this working capital gap. While
competition is intense, all of them
claim business has been brisk.
Invoice crowdfunding platform
Capital Springboard has funded
S$165 million worth of invoices
since it started here in 2015 through
end-July. CEO Roger Crook expects
the company to double in size every
year for the next five years. Capital
Match, which has pivoted from of-
fering loans to SMEs to funding in-
voices, says the number of transac-
tions on its platform has increased
almost every month since Septem-
ber 2015 and that it has raised more
than S$50 million.
According to Validus, its SME
customers have saved an average
of S$50,000 in finance interest in
the last 12 months. Many clients had
used money lenders, which charged
3% to 5% a month, before they came
to Validus.
The difficulty in funding SMEs
numbers thus far represent 71.3%
of his revenue forecast and 80.6%
of his earnings forecast. He attrib-
utes the better-than-expected net
margin of 8.5%, up from 8.2% in
the same period last year, to the
companys ability to rein in costs.
In a commentary accompanying
its results, Nam Lees management
has adopted a cautious tone. The
continued uncertainty of the global
economic environment, coupled
lies in the risk of bad debts. Unlike
banks, crowdfunding start-ups do
not take collateral. They may also
fund small companies with barely
any credit or earnings history.
To protect its investors, which
include hedge funds and family
offices, Validus has engaged an
insurance company. Investors will
receive 90% of their capital when a
debt turns sour. Validus has a 3.5%
bad debt rate. Each investor has
invested an average of S$250,000,
and Validus takes a 20% commis-
sion from them.
Deploying better analytics
While SMEs might rejoice at having
more financing options, is there any
money for investors in Validus and
other crowdfunding platforms?
Some industry watchers be-
lieve debt and invoice crowd-
funding platforms do not really
offer anything very different from
what is already available via the
banks. As a result, margins will not
with a slowdown in the local prop-
erty market as a result of [the] gov-
ernments cooling measures, hefty
supply of properties, intense mar-
ket competition and tight labour
market, is expected to exert pres-
sure on the groups profit margins
in both [the] aluminium industry
and building product businesses, it
says. In view of the above circum-
stances, the group will continue to
focus on improving operational ef-
ficiency and cost control measures
to maintain the competitiveness of
its businesses.
Nevertheless, Leow is confident
in Nam Lees ability to keep paying
dividends, thanks to the companys
cash balance of S$45.5 million as at
June 30 this year. The current cash
hoard translates into 18.9 Singa-
pore cents a share, or roughly half
its current share price, based on its
share base of 241.3 million shares.
The company is also seen as un-
dervalued from a book value per-
spective. As at June 30, Nam Lees
net tangible assets (NTA) stood at
54.3 Singapore cents a share, up
from 53.2 Singapore cents a share
at end-FY16. This means Nam Lee
FO CU S 15
be lucrative. So, they have to leverage
technology to better price credit and
secure financing to grow their loan
books, says Adrian Chng, co-found-
er of venture capital firm Fintonia
Group.
Validus intends to use big data
and sophisticated algorithms
to approve SMEs more quickly
while mitigating risks. The com-
pany recently raised US$3 million
(RM12.72 million) from Temasek-
backed Vertex Ventures and
US$600,000 from angel investors
at an undisclosed valuation. About
65% of the investment will go to tech
development. Now, we can fund
about S$200 million worth of deals a
year, Raikar says. We are investing
in market and risk analytics.
Validus is trying to map out the
life history of hundreds of local
SMEs. Raikar says, We [want to be
able to] tell when an SME has won
a contract, received a payment and
had a litigation case. We hope we
will be able to map out 15% of [all
active] SMEs full life history in the
next two years. This is more than any
bank in Singapore.
The start-up has six data scien-
tists crunching these numbers at
a bare-bones office at The Arcade.
With more data, Validus can speed
up the risk-and-compliance process
for loan approval. It can also predict
business growth and potential con-
tract wins for SMEs, which will allow
it to pre-approve loans before the
SMEs even win the contract. Data
analytics is likely to be what will set
[one funding platform apart] from
another, says Nahata. We will be
profitable in time, but that is [some]
two years from now. The Edge
Singapore
is currently trading at 0.68 times
its NTA.
Nam Lee was founded as a metal
fabrication business called Chop
Nam Lee in the 1950s by late pa-
triarch Yong Kwong Fae. It was in-
corporated in March 1975, when
it took on its current identity. The
company has supplied materials to
notable projects such as The Pin-
nacle @ Duxton, Business Centre
at International Business Park and
the Jurong Data Centre.
The Yong family, now led by
chairman Yong Koon Chin, remains
very much in control of the com-
pany. Other family members on
the board are Koon Chins broth-
ers: managing director Yong Kin
Sen and executive director Yong
Poon Miew.
According to the companys
most recent annual report, Nam
Lees largest shareholder as at Dec
14, 2016 was Nam Lee Holdings, the
Yong familys vehicle, which holds
a 58.4% stake. The three brothers
on the board own direct stakes as
well. Koon Chin holds 0.04%; Kin
Sen, 0.5%; and Poon Miew, 0.16%.
The Edge Singapore
16 FO CU S T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Tuan Sing Holdings previews

Kandis Residence in Sembawang
BY A N G EL A T EO

SET amid the established landed

housing estate of Sembawang
which boasts Sembawang Straits
Estate and Straits Gardens built by
Bukit Sembawang Estates is an
upcoming private condominium
project: the 130-unit Kandis Resi-
dence by listed property developer
Tuan Sing Holdings.
Located in Jalan Kandis, just off
Sembawang Road, Kandis Resi-
dence is a short walk from Kandis
Garden, the Canberra Sembawang
Park Connector, and the 15ha Sem-
bawang Park, which stretches all
the way to the northern coastline
overlooking the Straits of Johor.
Kandis Residence previewed
over the weekend of Aug 26 and
27 and attracted quite a crowd. As
the first private condo project to
be launched in this landed hous-
ing estate, it is likely to appeal to
those who have grown up in the
neighbourhood, and whose parents
still live there. The private condo
may also draw HDB upgraders in
the Sembawang and Yishun area.
Tuan Sing previewed Kandis Residence over the weekend of Aug 26 and 27. Photo by Lin Zhiqin
Serene location
The project will appeal to those
who want a tranquil location away
from the hustle and bustle of city
life, says Nicholas Mak, executive
director of ZACD Group. The indic-
ative price for Kandis Residences
is said to be an average of S$1,250
psf (RM3,938).
As Kandis Residence is a small
development, Tuan Sing has a good
chance of selling the units within
the ABSD deadline, reckons Mak.
Tuan Sing won the 99-year lease-
hold, 75,832 sq ft site in Kandis
Road in a government land tender
in April last year with a bid of S$51.1
million. This translated into S$481
psf per plot ratio, which, according
to Mak, was the lowest psf ppr price Artists impression of Kandis Residence in Sembawang. Photo by Tuan Sing Holdings The nearby Sembawang Park is popular with nature lovers and anglers. Photo by
paid for a private non-landed resi- Albert Chua
dential development site purchased
under the Government Land Sales
programme from 2016 till today.
Quality product
Being the first condo project in the
area also means Kandis Residence
will set a new benchmark in terms
of product and pricing for future de-
velopments in the neighbourhood.
The project will have smart home
features, such as digital door locks.
Residents can control the air con-
ditioning in their unit using an
app powered by Habitap, which
is compatible with all smartphone
or phablet devices.
Tuan Sing is known for the quality The show at of a two-bedroom unit on the ground oor Sembawang Park has one of the few remaining natural beaches in Singapore
of its developments. Its recent private
condo projects include the 276-unit
Seletar Park Residence, the 332-unit unit types, with one-bedders of in units on the intermediate levels
to preserve the greenery of Sem- namely the Old Admiralty House.
Sennett Residence and the 52-unit 485 to 496 sq ft, two-bedroom units will have a ceiling height of 2.9m.
bawang, it is also transforming the Sembawang is also part of the
luxury condo, Cluny Park Residence. of 732 to 797 sq ft, and two-bed- Kandis Residence is scheduled
area into a desirable place to work, governments North Coast Innova-
The developer has engaged re- room-plus-study units of 808 sq ft. to obtain its Temporary Occupation
live and play. More amenities are tion Corridor, which includes the
nowned Singapore-based architec- The three-bedroom units are 915 Permit in 2Q21. The developer will
being planned for Sembawang, Woodlands Regional Centre and
tural firm Ong & Ong to design the to 937 sq ft, while the three-bed- be providing a shuttle service for
such as the Sembawang Commu- the future Seletar Regional Centre.
low-rise Kandis Residence, which room-plus-study units are 1,023 to residents to the Sembawang MRT nity Hub, a one-stop centre where A new 21.5km North-South Cor-
will have a three-storey block and 1,034 sq ft. The bedrooms, as well station for the first year after the
residents can mingle. The hub will ridor is being built, which will link
three 7-storey blocks. Units will be as living and dining areas in the projects completion. have a range of amenities, from a Sembawang to the CBD and reduce
designed to maximise natural light ground-floor units and those on the swimming complex to a hawker travelling time. The expressway is
and views. highest floors, will have 4.2m ceil- Up-and-coming neighbourhood centre, as well as services. Its centre- scheduled for completion in 2026.
There will be a wide range of ing height, while the same spaces While the government is trying piece will be a national monument, The Edge Singapore
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
Mort
Zuckerman to
print newspaper
industry:
Drop Dead
BY JEN N I FER SA B A
NEW YORK: Maybe third
time is a charm for Michael
Ferro. The chairman of Tronc
bought the New York Daily
News from real-estate mogul
Mort Zuckerman for US$1
(RM4.24) and the assump-
tion of its liabilities. Its a vic-
tory of sorts for the Chicago
publisher, whose stock hov-
ers near the price at which
it fended off a takeover from
Gannett. But its another sad
marker in the decline of print
newspapering.
Zuckerman, who has
owned the Daily News since
1993, flirted with selling the
paper before only to pull it
off the market two years ago.
That New York still supports
both the Daily News and its
cross-town rival, Rupert
Murdochs New York Post,
in the digital age is a near
miracle. Many American cit-
ies can barely support one
local newspaper, let alone
two tabloids.
Perhaps that is why this
go-around Zuckerman of-
floaded the Daily News
famous for its Ford to City:
Drop Dead headline for
chump change and a nearly
50% stake in the New Jersey
printing facility sitting on
valuable waterfront property.
Tronc is assuming near-
ly US$30 million in pension
liabilities and other obliga-
tions. The paper has endured
bruising layoffs, yet won a
Pulitzer Prize it shared with
ProPublica last year.
Tronc tried to buy gossip
magazine US Weekly and a
Chicago competitor the Sun-
Times but failed. Snapping
up the Daily News adds an-
other big city to a portfolio
that includes the Los Angeles
Times and the Chicago Trib-
une in a bid to go after na-
tional advertising dollars. Yet
that strategy eluded Troncs
predecessor, Tribune.
Ferro managed to swat
away Gannetts entreaties
last year. The largest US
newspaper chain offered
to buy Tronc for US$15 a
share, and might have gone
higher. It pulled its bid after
Troncs foot-dragging and
its own prospects began to
turn. Gannett could possi-
bly return.
Trouble is Troncs results
have been dismal. Total rev-
enue for the second quarter
fell nearly 9% to US$370 mil-
lion on a 15% drop in adver-
tising revenue. Adding a New
York outpost may have some
long-term appeal, but time
is no friend to the fast-extin-
guishing print newspaper
industry. Reuters
Nissan takes EV
battle to Tesla
This it plans to do with its longer-range Leaf
BY NAOM I TA JITSU
CHIBA (Japan): Nissan Motor Co
Ltd launched a revamped ver-
sion of its Leaf electric vehicle
(EV) yesterday, going head-to-
head with Tesla Incs Model 3
and hoping to beat off criticism
of limited driving ranges dulling
EVs mass-market appeal.
The new Leaf, on sale in Japan
from Oct 2 and elsewhere early next
year, has a range of about 150 miles
(241km) on a single charge accord-
ing to US environmental regulator
estimates, up from its predecessors
107 miles thanks to a bigger, 40 kilo-
watt hour (kWh) battery.
Taiwans new push for New Southbound Policy
BY KU CHUAN & EV ELYN K AO
TAIPEI: The government is planning
to renew bilateral investment agree-
ments (BIA) with six Southeast Asian
countries as part of its push for its New
Southbound Policy, Minister without
Portfolio John Deng said on Sunday.
A BIA between Taiwan and the
Philippines is expected to be renewed
by the end of this year, according to
Deng, who is also chief representative
of the Office of Trade Negotiations
under the Executive Yuan.
Noble default-swap verdict in play as test of ISDA system
HONG KONG: Pressure is building
on an International Swaps & Deriv-
atives Association (ISDA) panel of
investors and bankers to end Noble
Group Ltds credit-default swap
(CDS) impasse.
ISDAs determinations commit-
tee was due to meet yesterday to re-
consider whether Noble triggered a
credit event the precondition for
Chief executive Hiroto Saika-
wa said a longer-range version of
the Leaf to be launched next year
would carry an even bigger, 60 kWh
battery. That would give it a range
of more than 300 miles, he said, ber of drivers, particularly in the US
without specifying which standards
were used to calculate the distance.
The launch comes after luxu-
ry electric car maker Tesla made
its first foray into the Leafs more
affordable price band in July with
its US$35,000 (RM148,400) Model
3 boasting a range of 220 miles.
Industry experts have said a
range of over 250 miles at a price
of around US$30,000 would be
needed to see a significant shift to
Deng said that Taiwan has estab-
lished BIAs with eight of the 18 coun-
tries targeted by the policy, which is
aimed at forging closer economic
ties with the 10 members of Asean
countries, as well as Australia and
New Zealand.
The eight countries are Vietnam,
the Philippines, Thailand, Malaysia,
Indonesia, India, Singapore and New
Zealand.
Among them, Singapore and New
Zealand have signed free trade agree-
ments with Taiwan, while the BIAs
a payout on CDS contracts when
it arranged a 120-day extension to
a loan facility in June. Once Asias
largest commodity trader, Noble
is now fighting for survival more
than two years into a crisis marked
by accounting criticisms, a plunge
in its securities and credit-rating
downgrades.
In an unprecedented decision
W O R L D B U S I N E S S 17
EVs targeting the mass market
criteria next years longer-range
Leaf might reach.
Analysts said EVs range remains
insufficient to lure a meaningful num-
from an Indian regulator about
where gasoline prices are historically
low, limiting EVs appeal to the af-
fluent and environment-conscious.
Until we see a significant im-
provement in range and/or eco-
nomics that feed through to a rise
in gasoline prices, EV buyers will be
buying for environmental or altruis-
tic reasons, said Janet Lewis, head
of Asia transportation research at
Macquarie Securities. Its still a
very, very niche market. Reuters
between Taiwan and the six other
countries have been in place for a long
time, with some even more than 20
years old, Deng noted, adding that the
government is making plans to nego-
tiate the renewal of these agreements.
Deng said that the governments
plan to earmark over NT$100 billion
(RM13.99 billion) to help Taiwanese
businesses undertake public con-
struction projects in countries cov-
ered by the New Southbound Policy
has nothing to do with dollar diplo-
macy. CNA
on Aug 9, the ISDA committee said
it didnt have enough information
to decide either way on the CDS,
spurring a flurry of activity as hold-
ers of the contracts demanded pay-
ment directly from sellers. Then, the
panel put a stop to that, suspend-
ing any bilateral payouts on Noble
while it reassessed the credit event
question. Bloomberg
IN BRIEF
Indian regulator calls
for new ways to manage
foreign inows
MUMBAI: A senior official at
Indias capital markets regu-
lator warned yesterday about
the impact of huge foreign
investments on the rupee and
called for ways to manage the
inflows through a calibrated
system. The comments, from
Securities and Exchange Board
of India Whole-Time Mem-
ber G Mahalingam, delivered
during a speech at a finan-
cial event, mark the strong-
est public comments this year
the effects of strong inflows in
pushing up the currency. For-
eign investors have bought a
net US$23.1 billion (RM97.94
billion) in Indian debt so far
this year and have almost ex-
hausted their quotas for gov-
ernment and corporate bonds.
Reuters
China to spend US$1.1
trillion on planes over
next 20 years
BEIJING/SHANGHAI: Chi-
nese airlines are likely to buy
more than 7,000 planes worth
US$1.1 trillion over the next
20 years, as they grow their
fleets to meet robust demand
for domestic and internation-
al travel, Boeing Co said in
a bullish forecast yesterday.
Chinas continuous economic
growth, significant investment
in infrastructure, growing mid-
dle-class and evolving airline
business models support this
long-term outlook, Randy Tin-
seth, Boeing Commercial Air-
planes vice-president of mar-
keting, said. Reuters
Thailand signs deals with
Chinese state rms for
high-speed railway
BANGKOK: Thailand has
signed two contracts, worth
5.2 billion baht (RM665.68
million), with Chinese state
enterprises for a high-speed
rail project with China, Anon
Luengboriboon, acting gov-
ernor of the State Railway of
Thailand, told Reuters yester-
day. The first contract covers
the detailed engineering de-
sign of the project worth 1.7
billon baht, while the second
involves the hiring of Chinese
technical advisers, worth 3.5
billion baht. Reuters
Toshiba to build new chip
facility in Japan
TOKYO: Toshiba Corp said it has
decided to build a new semicon-
ductor manufacturing facility
in Iwate, northern Japan, even
as it seeks to sell its memory
chip unit to raise funds. It is
considering whether its chip
joint venture partner SanDisk,
owned by Western Digital Corp,
will take part in the investment,
it said in a statement. Western
Digital offered to drop out of
a group bidding for Toshibas
flash memory chip business af-
ter talks stalled. Western Digital
is instead seeking a stronger po-
sition in their joint venture, the
sources said. Reuters
18 W O R L D B U S I N E S S
Shell seeks to boost
LNG demand
This is in order to build new plants
BY PER RY WI L L I A MS,
DAN M URTAU GH & Y VONNE M AN
SYDNEY/SINGAPORE: Europes
biggest energy company is invest-
ing in projects to boost global gas
demand and aims to continue feed-
ing the market it is nurturing with
new liquefied natural gas (LNG)
export plants.
Royal Dutch Shell plc is support-
Novo Nordisk to pay
US$59m to resolve US
diabetes drug probe
BY DAVI D MC L AU GHL I N,
A N D R E W HA RRI S & JEF FEELEY
WASHINGTON/DEL AWARE:
Novo Nordisk A/S agreed to pay
US$58.7 million (RM248.8 mil-
lion) to resolve a US Justice De-
partment probe into the compa-
nys allegedly illegal marketing of
its diabetes drugs, including its
top seller Victoza.
Novo Nordisk agreed to resolve
eight lawsuits accusing the Dan-
ish drugmaker of downplaying
warnings for Victoza and mislead-
ing doctors by disguising sales-
persons as medical educators
and paying kickbacks to persuade
doctors to prescribe its medi-
cines, according to court filings.
The accord settles the US
claims that Novo Nordisk failed
to comply with a Food and Drug
Administration (FDA) require-
ment that the company give
physicians information about
Victozas potential cancer risk,
Bell Pottinger falls victim to PR disruption
BY PET ER T HA L L A RSE N
LONDON: A prime rule of public
relations (PR) is to not become
the subject of the story. Bell Pot-
tinger has broken that maxim in
every way imaginable. The UK
corporate communications firm
is in meltdown following its work
on a highly divisive campaign in
South Africa. Though poor man-
agement is partly to blame, dis-
ruptions prompted by the rise of
online media also played a role.
It is a red flag for an industry that
has so far avoided the woes of
traditional publishers.
Even the most silver-tongued
spin doctors would struggle to
ing the development of gas use in
heavy transport such as shipping
and is also helping smaller and less
credit-worthy customers begin im-
porting LNG, Maarten Wetselaar,
the companys director of integrat-
ed gas and new energies, said at an
event at Bloombergs Sydney office
yesterday. As new LNG customers
enter the market, that will open a
window for Shell and others to de-
the Justice Department said in a
statement on Tuesday. Internal
whistle-blowers levelled other
allegations over the companys
marketing.
When a drug manufacturer
fails to share accurate risk in-
formation with doctors and pa-
tients, it deprives physicians of
information vital to medical deci-
sion-making, said Chad Readler,
the acting head of the depart-
ments civil division.
The US said Novo Nordisk sales
representatives gave informa-
tion to physicians that created
the false or misleading impres-
sion that the Victoza warning was
wrong or unimportant.
When a 2011 survey showed
that half of primary care doctors
polled were unaware of the poten-
tial risk, the FDA modified its pro-
cedures to increase awareness, but
the companys sales force failed
to comply with them, the Justice
Department said. Bloomberg
defend Bell Pottingers activities in
South Africa. Working for a com-
pany controlled by the powerful
Gupta family, it devised a cam-
paign to highlight persistent eco-
nomic divisions in a way that was
likely to inflame racial tension. The
resulting political firestorm culmi-
nated this week in the resignation
of Bell Pottingers chief executive
officer and the firms expulsion
from the UK public relations trade
body. Clients and staff are defect-
ing; founder and former chairman
Tim Bell says the firm will almost
certainly fail to survive.
The saga highlights broader
pressures facing the industry. A
business that initially set out to
velop new low-cost export plants.
I want to create shorts that we
can build projects against, Wet-
selaar said. As we develop the
market, we will need new supply.
We will build new LNG projects to
serve that market, but as for where,
I would be wrong to tell you.
Shell has potential LNG projects
in nearly every time zone in the
world, and the ones that can pro-
The stand-o could impact Apples eorts to expand in India, where half a billion
smartphones will be sold by 2020. Photo by Bloomberg
Apple refusal to approve India anti-
spam app antagonises regulators
BY S ARI THA RAI
BANGALORE: Apple Incs refusal
so far to approve the Indian gov-
ernments anti-spam iPhone app is
infuriating regulators, potentially
harming the companys efforts to
sell more products in the country.
The Telecom Regulatory Au-
thority of India has been trying un-
successfully to get its Do Not Dis-
turb software included in the App
Store. The programme lets people
share spam call and text message
logs with the agency, which uses
the data to alert mobile opera-
influence media gatekeepers at
newspapers, magazines and tele-
vision stations has been forced to
adapt as new channels of commu-
nication have opened up. Some PR
firms have diversified by offering
to handle investor relations for big
corporate clients, advising on big
takeover deals, or by expanding
into political lobbying.
Others have pushed into cam-
paigning with the help of social
media. But this brings risks. Firms
that previously acted as behind-
the-scenes intermediaries for po-
tentially unsavoury clients are
more accountable for the messag-
es they transmit or the Wikipedia
pages they edit. The promise of
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
duce the cheapest fuel will get the
investment go-ahead, Wetselaar
said. LNG Canada, a project Shell
delayed an investment decision
on last year, is among the options,
he said later in an interview with
Bloomberg Television.
Those projects that cant meet
the low-cost requirement may not
be part of Shells future, Wetselaar
said. Bloomberg
by founder, chief executive of-
tors to block the spammers. Apple
has said the app violates its privacy
policy, according to the regulator.
The stand-off could impact Ap-
ples efforts to expand in India,
where half a billion smartphones
will be sold by 2020. The Cuperti-
no, California-based company has
been in discussions with Indias
government to open retail stores
and secure permission to sell used
iPhones imported into the country.
Apple has put forth a long list of de-
mands, including tax breaks and
other concessions, to set up man-
ufacturing facilities. Bloomberg
hefty fees, such as the 100,000
(RM552,640) a month that Bell
Pottinger earned for its South Af-
rican work, has also lured some
firms into far-flung markets
where they lack local knowledge.
Even as traditional media
struggle with fragmenting au-
diences and declining adver-
tising, the PR industry has con-
tinued to expand. The sectors
total revenue rose 5% to US$14.2
billion in 2015, according to the
Holmes Report. But this upward
trend masks turbulent chang-
es. Bell Pottingers downfall is a
reminder of the risks that such
shifts pose to the industrys own
reputation. Reuters
IN BRIEF
Boeing objects to United
Technologies-Rockwell
Collins tie-up
WASHINGTON: Aerospace
giant Boeing raised concerns
on Tuesday about the merger
of US-based industrial con-
glomerate United Technologies
and aviation equipment sup-
plier Rockwell Collins, saying
it could use its weight with reg-
ulators to scrutinise the deal.
Boeing said it was concerned
the deal announced on Mon-
day would not be in the best
interests of the company. We
intend to take a hard look at
the proposed combination of
United Technologies and Rock-
well Collins, Boeing said in a
statement. The company said it
is sceptical whether the deal
between two major suppliers to
the aerospace industry would
be in the best interest of or
add value to our customers
and industry. AFP
Sports Direct reiterates
earnings guidance ahead
of shareholder meeting
LONDON: British retailer
Sports Direct said yesterday it
remained optimistic about its
trading outlook, reiterating its
earnings guidance for the cur-
rent year. In an update ahead
of its annual shareholders
meeting, the firm, controlled
ficer and majority shareholder
Mike Ashley, said it still aimed
to achieve growth in core earn-
ings of 5% to 15% in its 2017 to
2018 year. Core earnings fell
29% in 2016 to 2017. Sports Di-
rect said trading in its new for-
mat flagship stores had contin-
ued to exceed its expectations.
At its annual general meeting,
the retailers chairman Keith
Hellawell could be forced to
honour a pledge to step down
if independent shareholders do
not back him. Reuters
Bain makes rst close for
Asia credit fund, raising
US$557m ling
HONG KONG: Bain Capi-
tal made the first close for
its Asia credit fund, raising
US$557 million (RM2.36 bil-
lion) as the private equity firm
looks to scoop up distressed
debt in China and other coun-
tries in the region. Bain Capi-
tal Special Situations Asia LP,
as the fund is called, tapped
38 investors so far for the
fund, according to a filing
with the US Securities and
Exchange Commission dated
Tuesday. Reuters
Deutsche Bank CEO calls
on ECB to change course
F R A N K F U RT : D e u t s c h e
Bank chief executive officer
(CEO) John Cryan yesterday
called on the European Cen-
tral Bank (ECB) to change
course on monetary policy as
asset price bubbles develop.
He also said Frankfurt is the
most natural location as a fi-
nancial hub as banks move
from London after Britains
decision to leave the Europe-
an Union. Reuters
20
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SH A L I N I YEAP
WORK. LIFE. BALANCE
THE Picha Project, a social enterprise that
aims to empower marginalised groups in
Malaysia through food catering, is partner-
ing Publika Bens Independent Grocer from
today until the weekend to bring you a va-
riety of breakfast spreads. Try out breakfast
items from Syria, Palestine, Iraq and Afghan-
istan when you make your way to the B.I.G
entrance between 10am and 10pm. Bens
Independent Grocer is located on Lot 1A 83-
95 Level UG at Publika on Jalan Dutamas 1,
Kuala Lumpur. For more information, visit
www.facebook.com/thepichaproject or www.
facebook.com/bensindependentgrocer for
more information.
ENJOY an evening of instrumental artistry
at the Dialogue with the Ruan by Ong May
Yi presented by Damansara Performing Arts
Centre (DPAC) and Kuala Lumpur Interna-
tional Arts Festival 2017. Ong plays the tradi-
tional Chinese plucked-string instrument, the
ruan a lute with a round body and fretted
neck. Previously made of silk, its four strings
were changed to steel after the 20th century.
DPAC is located at H-01 Empire Damansara,
Jalan PJU 8/8 Damansara Perdana, Petaling
Jaya. Tickets for the 8.30pm show tonight
are priced at RM55 or RM50 (concession)
and available for purchase via the venues
website. Visit www.dpac.com.my or call (03)
4065 0001/0002 for more information.
NOW in its 14th year, Malaysias largest show-
case of new Japanese movies is back to serve
up a diverse feast of oerings to sate every
cinematic palate. Today marks the release of
a number of movies including Asian Three-
Fold Mirror 2016: Reections that tells
three stories of interconnectedness in the
Asian region and ReLIFE that follows
the story of a subject of an experimental
social reintegration programme. Visit www.
gsc.com.my for more information on lm
releases and show timing.
Much Ado About Nothing.
THE BARDS WORK
DOWN UNDER
Shakespeares theatre
set to come alive in
Melbourne
BY A NANDHI G O P I NATH
T
he worlds first full-scale tem-
porary working replica of one
of the greatest theatres in his-
tory, the second Globe, will
soon pop-up right next door to
the iconic Sidney Myer Music
Bowl later this month.
From Sept 21 to Nov 12, Pop-up Globe
will become the home of the most spectac-
ular season of Shakespeare that Melbourne
has ever seen. Pop-up Globe founder and
artistic director Dr Miles Gregory says he
believes Shakespeares work performed
in the space it is written for is a complete-
ly unique and transformative experience.
The first Globe stood for 14 years un-
til a disastrous fire demolished it in 1613.
The second Globe was rebuilt on the same
foundations by Shakespeare and his com-
pany significantly modifying the original
first Globe to create what became one of
the most famous theatres in history. Pop-
up Globe uses as its historical reference
point ground-breaking research by Asso-
ciate Professor Tim Fitzpatrick and Russell
Emerson of the University of Sydney to
create the worlds first full-scale temporary
working replica of Shakespeares theatre,
the second Globe.
Pop-up Globe is a three-storey, 16-sided,
900-person-capacity theatre. It unites
cutting-edge scaffold technology with a
400-year-old design to transport audiences
back in time. No matter where they sit or
stand in the theatre, audience members are
never more than 15m from the heart of the
action on stage. Sometimes, they will even
find themselves in the play.
Our audiences are blown away by the
immersive experience of seeing Shake-
speare performed in the space for which it
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Henry V.
was written. The relationship between actor
and audience, the spectacular space itself,
together with the power of Shakespeares
incredible work, means attending plays at
Pop-up Globe is totally different from any-
thing you have seen before, says Gregory.
This isnt dusty Shakespeare. This is now.
Alive. Like a part.
The audacious project was originally
planned as a one-off in Auckland to cele-
brate the 400th anniversary of Shakespeares
death in 2016. Created entirely from scratch
by an international company and cast in
less than 18 months, Pop-up Globe took
the city by storm welcoming more than
100,000 attendances in a season extended
twice by popular demand.
Following hot on the heels of this ini-
tial sell-out success, a critically-acclaimed
second season in 2017 attracted another
100,000 attendances. The phenomenon
resulted in international interest from lead-
ing promoters and representatives from
cities around the world who travelled to
New Zealand to witness it for themselves.
The Pop-up Globe theatre will be con-
structed in the newly-christened Shake-
speare Gardens adjacent to the Sidney
Myer Music Bowl over a period of six weeks,
and will feature all the spectacular theatri-
cal trickery of the Jacobean era, including
cannons, flaming arrows, hundreds of litres
of fake blood, hand-forged armoury and
more than 450 beautiful bespoke period
costume pieces specially constructed by
the Pop-up Globe in-house wardrobe de-
partment. Capped with an onion dome,
Pop-up Globe will be a remarkable feature
of the Melbourne cityscape, just as the sec-
ond Globe was in London.
For its Melbourne season, Pop-up Globe
brings with it a travelling festival of four
critically-acclaimed productions the
riotous comedy As You Like It, the uproar-
ious romcom Much Ado About Nothing,
psychological thriller Othello and bloody
war epic Henry V. Additionally, Melbourne
audiences will be the first to see a special-
ly-commissioned new show, Around the
Globe in 60 Minutes!, which will thrust
audiences into the maelstrom of history,
allowing them to experience the triumphs
and disasters that tell the incredible story
of the second Globe theatre.
For more details, please visit popup-
globe.com.au.
 live it! 21
THU R S DAY S E P T E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

WATCHES BY HANNAH ELLIOTT

A vintage car guru releases an US$11,500 engine-inspired watch

FOR more than 20 years, Jonathan Ward
has been restoring and customising clas-
sic sport utility vehicles at his shop in Los
Angeles. The gifted designer is known
for his US$200,000 (RM848,000) Ford
Broncos that references the 1970s, but
he started out in 1996 upgrading Toyota
Land Cruisers. Then, after his first up-
date of a Toyota FJ Cruiser in 2007, he
founded Icon, where he has been selling
six-figure, restored vintage trucks and
jeeps ever since.
Wards attention to detail on the rigs
is legendary: His hand-built Broncos,
for instance, use a stock Ford 5.0-litre
V8 engine, stainless-steel door hinges
taken from industrial freezers, Bell &
Ross-inspired dashboard gauges, LED
headlamps, skyscraper-grade windows,
Learjet sun-visors and laser-cut steel
plates. The interior lining material is
military-grade fabric.
The wait list for his creations starts
at two years and takes longer unless
youve got a good insider hook. He makes
only 35 vehicles a year, for such people
as J Crews Mickey Drexler, industrial
designer Marc Newson, and the luckier
of the Saudi princes you see late night
hopping around Paris.
But as creative minds are wont to do,
Wards has wandered. Into watchmak-
ing. (In previous incarnations, it went
towards leatherworking, sculpting, and
boats.) The former child star whose
credits include The Twilight Zone, Steel
Magnolias, and Peter Pan on Broadway
debuted the first of his efforts in New Restorer Jonathan Ward will make 50 Icon Duesey wristwatches. The hour is shown at the top of the dial, with the minutes displayed underneath. Photos by Bloomberg
York at the Baccarat Hotel last week. Its
called the Duesey, inspired by one of the
original automotive status symbols: the cars, Ward said after the debut in New tem and persuading producers in Europe the mechanical components are Swiss,
Duesenberg SJ from the 1930s. York. It took so many years to get it right, to make small-batch components, rather including the rare Dubois-Depraz Au-
Ward sees the new watch as an overlap because [it] was essential that all of it than big-volume runs, were two of the tomatic 14400 module movement. (The
of two interests. He has more than 100 was from me, with the same attention biggest challenges. Ward spent years at- Dubois brothers run the Dubois-Dpraz
watches in his own collection, especial- to detail and no compromises. tending the SIHH and Baselworld trade factory in the Valle de Joux; their fam-
ly early transition watches from Omega, The watch has a 42mm brushed tita- shows honing his expertise. ily has operated the brand since 1901.)
as well as Patek Philippes and obscure nium case with an alligator strap, crys- Ultimately, he developed a case So far, 20 of Wards Duesey watches
last-century mechanical rarities. And for tal cover and polished onyx dial. Two shaped like the heads of a SJ Duesen- have sold 15 of which went directly to
the past three years, he has travelled to openings span the black top, one a small berg engine and made in T5 titanium, the current Icon owners. All 50 of the lim-
and from Switzerland to take classes with triangle at the top showing the hour, and same type used for supersonic jets. He ited run will be available in early 2018.
master horologists so he could produce one a curved slot underneath showing the commissioned a unique typeface for the Heres the best part: The starting price
his own design. minutes. The proper way to describe it is front and used Art Deco fonts throughout of the Icon Duesey is US$11,500. So if you
I wanted to make something that jump hour with wandering minutes. elsewhere. Although Ward assembles the cant afford that Bronco, at least you can
carried over exactly what I do with the Navigating the current US import sys- watch at his shop in Lurline Avenue, all have the watch. Bloomberg

Ward, recognised primarily for his work restoring vintage trucks and derelict cars, spent three years The Duesey contains a Dubois-Depraz Automatic 14400 module movement. The lizard is the same logo
developing his design for the watch. Ward uses on his Icon trucks.
22 WORLD
Leaked paper
shows UK plans
to limit EU
migrants
LONDON: Britain intends to
impose limits on low-skilled
European Union (EU) workers
and restrict the arrival of Euro-
peans family members after
Brexit, according to a leaked
document posted on the Guard-
ian newspapers website late
on Tuesday.
The 82-page document out-
lines Home Office proposals to
manage migration after Britain
leaves the EU, putting an end to
free movement from the bloc.
Put plainly, this means that,
to be considered valuable to the
country as a whole, immigra-
tion should benefit not just the
migrants themselves but also
make existing residents better
off, the document says.
It may tighten up
the denition of
family members.
The government envisages
a dual system for EU citizens
arriving after Brexit, with those
wishing to stay long-term need-
ing to apply for a two-year res-
idence permit.
Those deemed highly
skilled, however, would be al-
lowed to apply for a permit for
up to five years under the pro-
posals.
In the lengthy document,
marked sensitive, Britains in-
terior ministry also says it may
tighten up the definition of
family members allowed to ac-
company EU workers in Britain.
Partners, children under 18
and adult dependant relatives
are the suggested limit.
Changes would also be seen
at Britains borders, with the
document detailing government
plans to require all EU citizens
to travel on a passport rather
than a national identity card as
currently allowed. AFP
Life-saving assistance needed for
refugees in Bangladesh
GENEVA: UN agencies have ap-
pealed for millions of dollars in
emergency relief aid as more than
123,000 Rohingya from
Myanmars northern Rakhine
state have entered neighbouring
Bangladesh in 11 days, Chinas Xin-
hua news agency reported.
IOM and partner agencies op-
erating in the district, which bor-
ders Myanmar, have identified an
immediate funding gap of US$18
million (RM76.32 million) over the
next three months to allow life-sav-
ing services to be scaled up to cope
with the new arrivals, said UN mi-
gration agency spokesman Leon-
ard Doyle on Tuesday at a briefing.
Adding Bangladesh crisis appeal
was a statement by the UN refugee
agency, saying that the office of the
United Nations High Commission-
Moon seeks Putin
help on N Korea
This is to prevent the situation from spinning out of control
BY ILYA ARKHIP OV & K ANG A KO NG
VLADIVSTOK/SEOUL: South Ko-
rean President Moon Jae-in sought
to find common ground with Rus-
sian counterpart Vladimir Putin
to prevent the situation on the
Korean peninsula from spinning
out of control.
If we fail to stop North Koreas
provocations now, it could sink
into an uncontrollable situation,
Moon said in opening remarks be-
fore a meeting with Putin in Vlad-
Zika virus could offer new tool
to fight brain cancer
MIAMI: The Zika virus can wreak
havoc on the brain of a developing
foetus, but its destructive power
may also be harnessed to fight a
stubborn form of adult brain can-
cer, researchers said on Tuesday.
Early studies have shown the
mosquito-borne virus can destroy
cells responsible for glioblastoma,
the most common form of brain
cancer.
Glioblastoma affects 12,000 peo-
ple per year in the US, and was
recently diagnosed in US Senator
John McCain.
The standard treatment is chemo-
therapy and radiation. But most pa-
tients die within two years.
It is so frustrating to treat a patient
as aggressively as we know how, only
to see his or her tumour recur a few
months later, said Milan Chheda
from Washington University School
of Medicine in St Louis.
er for Refugeesis (UNHCR) gravely
concerned about the continuing
conflict in Myanmar and by reports
that civilians have died trying to
seek safety.
Those who have made it to
Bangladesh are in poor condition,
UNHCR spokesman Duniya Aslam
Khan told the UN briefing.
Most have walked for days
from their villages hiding in jun-
gles, crossing mountains and rivers
with what they could salvage from
their homes. They are hungry, weak
and sick, said Khan.
The new arrivals are scattered in
different locations in south-eastern
Bangladesh.
More than 30,000 Rohingya are others are living in makeshift sites
estimated to have sought shelter and local villages, she said.
in the existing refugee camps of
Kutupalong and Nayapara. Many appreciates the role Bangladesh has
ivostok, Russia, yesterday. I want
to seek a fundamental solution to
resolve the North Korea nuclear
problem here.
Putin, who derided increased
sanctions as useless and ineffec-
tive a day earlier, said that he wel-
comed the opportunity to discuss
North Korea with Moon. Russia
and China both hold vetoes on the
United Nations Security Council,
which is considering new sanctions
against Kim Jong-uns regime af-
ter it conducted its sixth and most
We wondered whether nature
could provide a weapon to target
the cells most likely responsible
for this return.
The secret to Zikas apparent suc-
cess, the latest experiments show, is
that the virus specifically takes aim
at brain cancer stem cells, the kind
that tend to survive chemotherapy
and spread.
When a pregnant woman is in-
fected with Zika, she faces a higher
risk of bearing an infant with an
unusually small head because Zika
destroys these very cells, leading to
the irreversible condition known
as microcephaly.
Zika tends to attack neuropro-
genitor cells, which are common in
foetuses but rare in adults.
We showed that Zika virus can
kill the kind of glioblastoma cells
that tend to be resistant to current
treatments and lead to death, said
The UN refugee agency said it
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
powerful nuclear test on Sunday.
North Korea has been seen
readying another launch of an
intercontinental ballistic missile
(ICBM) that could come before it
marks the anniversary of its found-
ing on Sept 9. Kim claimed on
Sunday that he could fit a warhead
onto an ICBM capable of striking
the continental US.
One of North Koreas top diplo-
mats said on Tuesday that it was
ready to send more gift packages
to the US. Bloomberg/Agencies
study co-author Michael Diamond,
professor of medicine at Washing-
ton University School of Medicine
in St Louis.
Researchers injected either Zika
virus or a saltwater placebo directly
into the brain tumours of 33 mice,
said the report in The Journal of
Experimental Medicine.
Two weeks later tumours were
significantly smaller in the Zika-treat-
ed mice, said the report. These mice
also survived significantly longer
than the ones given saltwater.
More work is needed before the
treatment can be safely attempted
in humans.
The virus would likely be injected
directly into the brain during sur-
gery to remove the primary tumour.
Extra studies on Zikas effects
on the brain tissue of epilepsy pa-
tients showed the virus did not infect
non-cancerous brain cells. AFP
played so far and continues working
with the Bangladesh authorities to
allow safe passage to people fleeing
violence. Bernama
IN BRIEF
SATS unveils AR glasses
to speed up ramp handling
SINGAPORE: Airport servic-
es operator SATS on Tuesday
introduced augmented real-
ity (AR) smart glasses for its
ramp handling operations in
a major boost to productivity,
as Changi Airport continues to
grow and set new records for
passenger traffic. Touted to be
the worlds first, the ergonomi-
cally designed smart glasses to
be worn by SATS ramp opera-
tors in Singapore will provide
them with critical information
such as loading instructions in
real-time. Using the AR tech-
nology, they will be able to scan
visual markers found on bag-
gage and cargo containers that
provide details such as weight,
unit number, loading sequence
and the allocated position with-
in the aircraft. This hands-free
process improves safety, and
increases the accuracy and ef-
ficiency of baggage and cargo
loading. TODAY.online
Haj masyair operations
end smoothly
MAKKAH: The masyair op-
erations during the culmina-
tion of the Haj rituals, ended
officially last night when the
Malaysian pilgrims in Mina re-
turned to Makkah late on Mon-
day evening. When announc-
ing the end of the masyair
operations after Isyak prayers,
head of the Malaysian Haj dele-
gation 1438 Hijrah, Datuk Syed
Saleh Syed Abdul Rahman said
the masyair operations went
on smoothly. Masyair is the
phase where pilgrims perform
the haj rituals outside of Mak-
kah, namely the wukuf in
Arafah, a stop-over or a nights
stay in Muzdalifah and ston-
ing of the devil in Mina, before
the pilgrims return to Makkah
for tawaf, saie and tahlul.
Bernama
Suu Kyi slams misinfor-
mation on Rohingya
YANGON: Myanmars Aung
San Suu Kyi yesterday alleged
a huge iceberg of misinforma-
tion was distorting the picture
of the Rohingya crisis. In her
first comments since Rohingya
militant attacks sparked unrest
on Aug 25, Suu Kyi was quoted
by her State Counsellors office
as saying fake news was calcu-
lated to create a lot of problems
between different communities
and to promote the interest of
the terrorists. AFP
Hurricane Irma churns
through Caribbean islands
SAN JUAN (Puerto Rico): Hur-
ricane Irma, one of the most
powerful Atlantic storms in a
century, churned across north-
ern Caribbean islands yesterday
with a catastrophic mix of fierce
winds, surf and rain, en route
to a possible Florida landfall at
the weekend. Irma is expected
to become the second powerful
storm to thrash the US mainland
in as many weeks after devas-
tating Hurricane Harvey, but
its precise trajectory remained
uncertain. Reuters
THU R S DAY S E P T E MB E R 7, 20 17 T HE ED G E FINA NCIA L DA ILY
Are taxis the new banks?
Why ride-hailing companies are getting into financial services
BY A DA M M I NTER
I
n Southeast Asia, mobile
banking is taking on a whole
new meaning. Last week,
Grab, one of the regions top
ride-hailing companies, an-
nounced that users of its app
could start sending credits used
to pay for rides to each other. By
the end of the year, they will be able
to use those credits at more than
1,000 restaurants and retailers. If
all goes well, Grab will one day
be known as an e-payment plat-
form that just happens to offer a
taxi service.
That is a radical evolution, but
hardly illogical. As many as two
billion people lack access to tra-
ditional financial services world-
wide. Most are concentrated in
developing countries with cash-
based economies, where banks
have long resisted offering services
such as loans, checking accounts
and credit cards. As incomes in
these countries rise, technology is
helping entrepreneurs leapfrog old
ways of doing business. In particu-
lar, mobile phones have enabled a
parallel financial system to evolve,
Singapore asatizahs must wage a stronger online battle
BY FA R I S M OK H TA R
THE June edition of the Islamic
States (IS) online propaganda mag-
azine Rumiyah featured a photo of
the aftermath of a fire at the Resorts
World Manila entertainment com-
plex. Accompanying the photo of
the fire, which killed 37 people, was
the headline: The Jihad in East Asia.
The IS claimed responsibility for
the incident, but this was swiftly dis-
missed by the Philippine authorities,
which said it was a botched robbery
by a lone gunman.
Yet, the way the terror group went
ahead to play up the incident in Ru-
miyah showed its skilled propaganda
machinery at work.
Scanning past issues of the mag-
azine for a recent article about the
groups recruitment tactics, I was
astounded by how professional the
publication looked.
What was also shocking was
how, amid the glossy photos and
infographics, the articles blatantly
distorted Islamic teachings to suit
the IS twisted ideology. Quranic
verses were wrongly used to justify
jihad (armed struggle) and to entice
women into joining its cause and to
nurture future generations of mili-
tants, with the claim that God will
reward their sacrifices.
I cannot help but notice the con-
trast between the IS messaging and
the ones put out by Singapores asa-
tizahs (Islamic religious teachers).
The most common posts the asa-
with some intriguing results.
The trend began in Kenya. In
2007, Safaricom Ltd introduced
M-Pesa, a service that allowed users
to move money via text message. In
short order, M-Pesa evolved into a
full-fledged payment-and-banking
system that runs on the regions
dominant feature phones. In 2016,
M-Pesa processed six billion trans-
actions for 30 million customers in
10 countries. Africa now has more
mobile money accounts than it
has bank accounts.
In Asia, the transformation has
been just as dramatic. Chinas lead-
ing e-commerce and social-media
services Alibaba and WeChat
have created payment platforms
that are so ubiquitous that cash has
all but disappeared in some plac-
es. In 2016, people in China made
about US$5.5 trillion in e-payments.
In India, about a fifth of the pop-
ulation now uses such payments,
mostly through start-ups such as
Paytm E-commerce Pvt.
Southeast Asia is the next fron-
tier, and in some ways the most in-
teresting. With 640 million people,
and growing access to the Internet
and mobile phones, it is certainly
fertile ground for financial start-
ups. Over the past three years, they
have started to emerge from a sur-
tizahs make on social media invar-
iably feature photos of food or the
events they are attending.
Sporadically, Instagram, Face-
book and Twitter posts carry mes-
sages that Islam is a religion of peace
and mercy.
At other times, there are posts
on the significance of praying. An
Instagram post by one asatizah re-
cently said that loving ones country
is part of Islamic teaching.
Given the comparison, the ques-
tion is: Are our (Singapore) asatizahs
doing enough to combat extremist
messages online?
Syed Huzaifah Alkaff, an asatizah
in Singapore and a senior analyst at
the International Centre for Political
Violence and Terrorism research at
the S Rajaratnam School of Inter-
national Studies, told TODAY that
asatizahs efforts to combat radical
messages are definitely insufficient.
A firmer stand is needed against
the IS and other terror groups, espe-
cially against the core of their reli-
gious narratives, he added.
For instance, Syed Huzaifah said,
asatizahs need to come out strong-
er to explain that the idea of an Is-
lamic state is unnecessary and that
Hudud law Islamic criminal laws
that prescribe stoning, among other
punishments, for certain offences
is inoperable in the Singapore
context.
Presenting counter-narratives
online is imperative, especially with
youths in Singapore turning to the
The more than 200,000 drivers who work for Go-Jek, Indonesias leading ride-sharing
service, can use their e-wallets to store their earnings or spend them on other services.
Photo by AFP
prising source: the innovative local
ride-hailing industry. That would
be an unusual business model
in places where credit cards and
bank accounts are common Uber
Technologies Inc, for one, would
have little incentive to try some-
thing similar in the US.
But in countries such as Indone-
sia, where only 36% of people have
a bank account, and fewer than 5%
have a credit card, it is a great way
Internet for religious resources and
shunning classes in mosques.
A few months ago, Minis-
ter-in-charge of Muslim Affairs Yaa-
cob Ibrahim put it succinctly when
he said that the battle for the hearts
and minds of young Malay/Muslim
Singaporeans is taking place in the
online sphere.
He also urged asatizahs to contin-
ue to strengthen their online pres-
ence and produce more appealing
content.
The question is, how?
For a start, their messaging should
address any misconceptions youths
might have or should explain the
context of the Quranic verses mis-
construed by the IS.
In June, a study by the ministry
of home affairs behavioural sciences
experts found that some of the radi-
calised individuals here harbour the
desire to be a good Muslim.
An individual might identify the
large number of sins he has commit-
ted, and feel the need to become a
better person, said the study.
It noted that these individuals
may be attracted to the IS untest-
able but attractive notions about
rewards in the afterlife.
Based on the studys findings,
asatizahs could be more forthcom-
ing in addressing such perceptions
on social media. For example, they
could use Facebook live and tackle
questions from youths who might
ask whether being an IS martyr ab-
solves ones sins.
to lure users and lock them into a
convenient payments platform.
The more than 200,000 drivers who
work for Go-Jek, Indonesias leading
ride-sharing service, can use their
e-wallets to store their earnings or
spend them on other services. Cus-
tomers can use the wallets to pay
for everything from food delivery
to massages to house-cleaning.
In more affluent Singapore, Grab
has much the same idea, expand-
It is also useful to look at what
neighbouring countries are doing.
For one, Indonesian spiritual group
Nahdlatul Ulama (NU) is working
with the University of Vienna in Aus-
tria to sieve out IS propaganda tar-
geted specifically at Indonesians.
NU then responds to the messag-
es and disseminates them through
music videos.
Yahya Cholil Staqful, secre-
tary-general of NUs ulama counsel,
told TODAY: Their propaganda will
continue to spread if we dont fight
it. They will dominate the discussion
about Islam. We have to use whatever
we have to attack their narratives.
To be fair to asatizahs in Singa-
pore, they are trying hard to boost
their online presence. But they are
hampered by manpower and finan-
cial constraints.
Some say they do not have the re-
sources of overseas preachers, who
are aided by a team of professionals.
Last month, it was announced
that the Islamic Religious Council of
Singapore (Muis) will set up a net-
work comprising asatizahs and other
youth groups who will be trained in
youth counselling and counter-rad-
icalisation efforts. They will also be
taught how to strengthen their on-
line presence.
While it is heartening to learn of
this new network, details are scant.
It raises some questions: Will asa-
tizahs be assisted by skilled media
professionals adept at producing en-
gaging online content? What are the
F E AT U R E 2 3
ing the use of its e-wallet to small
businesses such as coffee shops,
hawkers and wet markets. By al-
lowing vendors to accept money
without the hassle or expense of
renting a payment terminal, and
giving customers the convenience
of paying with an app they are al-
ready comfortable with, it may have
a significant advantage. Its abili-
ty to collect vast amounts of data
from users combining location
and travelling habits with purchase
histories, say could become a
game-changer. It is no surprise that
the company wants to move into
insurance and lending.
Taxi companies going to war
with banks for the chance to offer
e-payments would have sounded
implausible just a few years ago.
Today, it is great news for consum-
ers, particularly those left out of the
traditional financial-services mar-
ket. Competition should reduce the
cost of joining the digital economy,
make tasks like paying bills easi-
er, force banks to pay attention to
lower-income customers, and put
pressure on credit-card companies
to lower fees and penalties. In Sin-
gapore and elsewhere, banks are
rallying to set up their own e-pay-
ments standards. They may be in
for a wild ride. Bloomberg
types of content being looked at? Or
at the very least, will Muis commis-
sion such content, which can then
be disseminated by the asatizahs?
To be sure, asatizahs here recog-
nise the need to dispel exclusivist
views and to educate youths that
they can still be righteous Muslims
even in a secular environment. Some
asatizahs are subtly weaving in the
messages without being too preachy,
thinking this will work better.
They told me that the inclination
to adopt subtle messaging is borne
out of the concern that being too pro-
nounced in addressing the IS head-
on might trigger the forbidden fruit
syndrome the more they talk about
it, the more curious youths will be
about the group and its propaganda.
But this does not hold water, con-
sidering that youths have already
been exposed to the IS and its ac-
tions, either via traditional media
outlets or online platforms.
Surely, addressing rather than
deflecting questions is a better
approach in preventing extremist
thoughts from fermenting?
Repeated calls have been made
that Singapore must never be com-
placent in bolstering its security.
The message should also be
stressed that the republic should not
be lulled into singing a passive coun-
ter-narrative tune. TODAYonline
Faris Mokhtar is a reporter at
TODAYonline.
2 4 S P O RT S
Rio Olympics were bought
We are probing an international corruption scheme, say Brazilian police
BY SEB ASTI A N SMI TH
RIO DE JANEIRO: Brazilian officials
said on Tuesday that the countrys
Olympics chief was the linchpin
in a plot to bribe the Internation-
al Olympic Committee (IOC) into
awarding Rio de Janeiro last years
Games.
Brazilian police said in a state-
ment they were probing an in-
ternational corruption scheme
aimed at the buying of votes for
the election of [Rio] by the Inter-
England coach
has clear
conscience in
racism row
LONDON: England Women
manager Mark Sampson said
his conscience is clear on
Tuesday following accusations
of bullying, discrimination and
racism by striker Eni Aluko.
Sampson, 34, was cleared of
wrongdoing after an internal
inquiry by national governing
body the Football Association
(FA) and an independent in-
vestigation.
Amid ongoing criticism from
Nigeria-born Aluko, Sampson
has faced calls for a new inves-
tigation, but he says he wants
to put the matter behind him.
From my position, Ive
done nothing wrong. Im sat
here again denying the accu-
sations and my conscience is
clear, he told Britains Press
Association.
Its a very difficult po-
sition and situation to have
been through both profession-
ally and emotionally, but Ive
stayed professional and got on
with my job.
Over the course of these
investigations, Ive prepared a
team and coached a team at a
major championship and Ive
been cleared of any wrongdo-
ing. There has been no wrong-
doing on my part.
Aluko, capped 102 times,
has not been picked by Eng-
land since making a complaint
about Sampson to the FA in
May 2016.
The 30-year-old Chelsea La-
dies player alleges he made a
reference about a player being
familiar with police procedures
purely because she was mixed-
race at the China Cup in 2015.
Aluko, who is a qualified
lawyer, also claims he told her
to make sure visiting relatives
from Nigeria did not bring the
Ebola virus with them in No-
vember 2014.
Sampson denies all the
claims against him. AFP
national Olympic Committee as
the venue for the 2016 Olympics.
Revealing a nine-month investi-
gation spanning several countries
and dubbed Unfair Play, police
said Carlos Nuzman had been tak-
en in for questioning and his house
searched.
Nuzman, who was the point man
for Rios successful bid to become
the first South American host of the
Olympics, left his house in Rios posh
Leblon neighbourhood while police
officers exited with bags of evidence.
Relieved Shin says World Cup
will see real South Korea
BY IAN R ANSOM
SEOUL: With two scoreless draws
to round out qualifying, South Ko-
reas advance to the World Cup was
more of a stumble over the line than a
confident march to Russia, but it was
enough for relieved coach Shin Tae-
yong to claim mission accomplished.
Under fire after being held 0-0
by 10-man Iran at home last week,
South Korea responded with an-
other goalless stalemate away to
Uzbekistan on Tuesday.
Even then, they had to rely on
already qualified Iran to stave off
a desperate Syria in their 2-2 draw
Anderson beats Querrey in last eight to spoil American party
BY JULIEN P RETOT
NEW YORK: Kevin Anderson
spoiled the American party at the
US Open when the big-serving
South African beat local favour-
ite Sam Querrey 7-6(5) 6-7(9) 6-3
7-6(7) to reach his first Grand Slam
semi-final on Tuesday.
Andersons win ended the US
presence in the mens draw, while
Sloane Stephens and Venus Wil-
liams have both qualified for the
last four in the womens draw.
The 17th-seeded Querrey can
blame himself for a meltdown in
the first-set tiebreak, where he lost
five points in a row to allow Ander-
son into the lead under the lights
on Arthur Ashe Stadium.
The 31-year-old Anderson, seed-
ed 28th, will face Spanish 12th seed
Pablo Carreno Busta for a spot in
Sundays final.
This is incredible, at this stage
and playing on one of the most fa-
mous courts in the world, it feels
absolutely fantastic, said Ander-
son, who became the first South
African player to reach the last four
of the US Open since tennis turned
professional in 1968.
Losing the second set was really
tough, but I played each point at a
time and it paid big dividends for
me today (Tuesday).
Prosecutors said Nuzman was
detained to give testimony and al-
though not arrested, he had his
passport confiscated.
An arrest warrant was issued
for Arthur Soares, a businessman
who won lucrative pre-Olympics
contracts from Rios government
when it was headed by the now
imprisoned state governor Sergio
Cabral. He lives in Miami.
A former Soares associate, Eliane
Pereira Cavalcante, was arrested in
Rio and 11 properties were sub-
in Tehran to be assured of nabbing
the second automatic berth to Rus-
sia and secure a ninth straight ap-
pearance at the World Cup finals.
The performances may do little to
win over sceptics, but Shin said fans
had yet to see the real South Korea.
We will prepare for the World
Cup thoroughly, he said in com-
ments published by Yonhap yes-
terday.
Im a man who likes to play
an attacking football. People will
find out about South Koreas true
football power at the World Cup.
An assistant to Uli Stielike, for-
mer Olympic coach Shin replaced
Anderson celebrating after winning the rst set of his match against Querrey on day
nine of the US Open tennis tournament at USTA Billie Jean King National Tennis
Center, New York, on Tuesday. Photo by Reuters
The two big servers could not
manage a break in the opening
set and Querrey, who was hoping
to be the first American male to
make it to the last four here since
Andy Roddick in 2006, moved 5-2
up in the tiebreaker, but Anderson
then played more freely and won
five points in a row to take the lead.
There was an early exchange
T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
jected to search and seizure raids.
One of them was in Paris, French
authorities said.
In Lausanne, Switzerland, an
IOC spokesman appeared to have
been taken by surprise.
The IOC has learned about
these circumstances from the me-
dia and is making every effort to get
the full information, the spokes-
man said.
It is in the highest interests of
the IOC to get clarification on this
matter. AFP
the German for the final two match-
es of qualifying after he was sacked
in June following a disappointing
run of results.
But Shin was hardly given a
vote of confidence, with the Kore-
an federation offering a contract
that would see him terminated if
they failed to advance to Russia.
Little wonder he showed a prag-
matic side in maintaining a defen-
sive setup against Iran, even with
a one-man advantage.
Prior to the match, South Ko-
rea had leaked 10 goals in eight
matches, the joint highest in the
group. Reuters
of breaks in the second set with
Querrey opening a 6-1 lead in the
tiebreak before suffering anoth-
er meltdown and finding himself
trailing 8-7.
This time, however, the 17th seed
regrouped and equalised on his
eighth set point when Anderson
returned long, triggering a huge
roar from the crowd. Reuters
IN BRIEF
Wood rescues US with
Honduras draw
SAN PEDRO SULA (Honduras):
Hamburg striker Bobby Wood
scored a late equaliser to sal-
vage a crucial 1-1 draw for the
US in their World Cup qualifi-
er with Honduras on Tuesday.
Wood bundled in an 85th-min-
ute leveller just 12 minutes af-
ter coming on as a substitute
to rescue a point for the Amer-
icans in sweltering conditions
at the Olimpico Metropolitano
Stadium. The result means that
Bruce Arenas side still have
automatic qualification in their
own hands, with a home match
against Panama next month fol-
lowed by an away game against
Trinidad and Tobago. If the US
win both of those games, they
will be assured of reaching next
years finals in Russia. AFP
Kyrgios picked for
Davis Cup semi-nals
MELBOURNE: Firebrand Nick
Kyrgios will lead Australias Da-
vis Cup charge at this months
semi-final in Belgium with Ber-
nard Tomic overlooked after his
rapid slide down the ATP rank-
ings. Australia captain Lleyton
Hewitt has also recalled Tha-
nasi Kokkinakis for his first Da-
vis Cup tie in two years after the
21-year-old talents encouraging
return to the tour from 18 months
wiped out by injuries. Kokkinakis,
who played in the 2015 semi-fi-
nal loss to Britain on Australias
last run to the final four, joins
Jordan Thompson and doubles
specialist John Peers in Hewitts
four-man team for the Sept 15 to
Sept 17 tie in Brussels. Reuters
Williams still grabbing
opportunities at US Open
NEW YORK: Now 37 and in
the twilight of a sparkling ca-
reer, the opportunities Venus
Williams lives for are not sup-
posed to come around as of-
ten as they once did. But there
Williams was on Tuesday bat-
tling and grabbing her chances
when they came, capitalising
on just enough of them to se-
cure a 6-3 3-6 7-6(2) win over
Petra Kvitova and a spot in the
US Open semi-finals. Some-
times you have opportunities
and sometimes you take them
and you dont, but its not like
you get opportunity after op-
portunity after opportunity in
these sorts of matches, said
Williams. You have to take
the ones you have. Reuters
Doping doctor jailed
for nine months
CAEN (France): Former cy-
cling medical adviser Bernard
Sainz, alias Dr Mabuse, 74, was
sentenced to nine months in
prison on Tuesday for inciting
amateur riders to cheat with
drugs. Deputy prosecutor Jo-
sephine Lecardeur said eight
witnesses had implicated Sainz
as being the kingpin in a doping
network. Lecardeur had asked
for a six-month prison term and
20,000 (RM101,105) fine. The
court in the northern port city
of Caen then opted to increase
the jail time. AFP
THU R S DAY S E P T E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.913 0.561 0.730 0.725 7609 AJIYA 0.730 0.010 45.9 0.728 10.55 2.74 222.3
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.080 4.7
1.694 0.602 1.190 1.130 2674 ALCOM 1.150 -0.040 847 1.153 13.10 17.83 154.5
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.650 0.635 4758 ANCOM 0.645 UNCH 428.4 0.645 8.09 141.2
3.670 1.616 3.670 3.520 6556 ANNJOO 3.590 -0.030 1855.9 3.611 10.49 2.92 1,915.0
KLSE COMPOSITE 1,772.48 2.85 0.16 TECHNOLOGY 37.60 0.08 0.21 0.551 0.095 0.115 0.105 9342 ANZO 0.105 -0.005 19603.1 0.110 85.4
KLSE INDUSTRIAL 3,197.30 -1.59 -0.05 FTSE BURSA 100 12,287.32 19.04 0.16 1.100 0.825 5568 APB 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 619.16 -1.38 -0.22 FTSE BURSA MID 70 15,105.90 20.58 0.14 4.090 3.176 3.620 3.570 5015 APM 3.570 -0.030 18.8 3.610 15.20 4.20 719.7
1.240 0.750 1.110 1.090 7214 ARANK 1.100 0.020 81.5 1.103 7.44 2.73 132.0
INDUSTRIAL PRODUCT 159.45 1.05 0.66 FTSE BURSA SMALL CAP 16,721.77 55.00 0.33 1.290 0.671 1.080 1.060 7162 ASTINO 1.080 0.020 273.6 1.071 7.81 0.93 296.0
CONSTRUCTION 330.07 0.13 0.04 FTSE BURSA FLEDGLING 18,795.85 29.07 0.15 1.480 0.428 1.040 1.010 7099 ATTA 1.020 -0.010 1326.2 1.018 3.94 7.66 117.3
TRADE & SERVICES 231.52 0.15 0.06 FTSE BURSA EMAS 12,614.26 20.95 0.17 0.985 0.230 0.230 0.230 7181 ATURMJU 0.230 UNCH 20 0.230 14.1
2.550 1.452 2.160 2.160 8133 BHIC 2.160 UNCH 7 2.160 5.70 1.39 536.7
KLSE FINANCIAL 16,632.81 35.27 0.21 FTSE BUR MSIA ACE 6,586.73 9.92 0.15 0.570 0.380 0.385 0.385 7005 BIG 0.385 0.005 2.5 0.385 18.5
KLSE PROPERTY 1,252.67 2.71 0.22 FTSE BUR EMAS SHARIAH 12,803.68 11.23 0.09 0.580 0.095 0.505 0.490 7187 BKOON 0.495 UNCH 2361.5 0.495 137.5
KLSE PLANTATION 7,849.88 -0.33 Unch FTSE BUR HIJRAH SHARIAH 14,025.31 18.51 0.13 1.091 0.742 0.850 0.835 168 BOILERM 0.840 -0.005 86 0.841 20.39 1.79 433.4
2.425 1.520 6297 BOXPAK 1.520 182.5
KLSE MINING 636.30 8.11 1.29 FTSE/ASEAN 40 10,409.51 -14.81 -0.14 1.563 1.200 1.220 1.210 5100 BPPLAS 1.210 UNCH 35.7 1.211 18.70 6.61 227.1
0.400 0.300 0.315 0.310 9938 BRIGHT 0.315 0.005 132.1 0.310 51.7
0.675 0.210 0.515 0.505 7221 BSLCORP 0.515 0.015 349.4 0.510 6.30 50.5
0.365 0.210 0.240 0.240 7188 BTM 0.240 -0.010 6 0.240 45.28 30.5
3.785 3.140 3.230 3.140 5105 CANONE 3.230 -0.010 512.5 3.172 7.91 1.24 620.7
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.168 1.883 1.990

1.810 0.833 1.470
1.800 1.450
1.970
1.410

7076
2879
8435
CBIP
CCM
CEPCO
1.970
1.470
1.750
-0.010
0.050

205.1
116.8

1.976 8.82
1.420 47.12

3.05
3.40

1,060.3
672.7
78.4
1.210 1.020 1.160 1.160 8044 CFM 1.160 UNCH 6 1.160 47.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.940 1.466 1.750 1.730 5007 CHINWEL 1.750 0.010 89.8 1.739 10.30 3.89 524.2
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.400 1.517 2.160 2.120 5797 CHOOBEE 2.160 UNCH 91.9 2.138 7.91 2.78 237.4
CONSUMER PRODUCTS 1.150 0.900 1.000 1.000 8052 CICB 1.000 UNCH 20 1.000 28.90 50.0
0.740 0.445 0.455 0.455 7120 ACOSTEC 0.455 -0.005 67.1 0.455 568.7 5.49 80.9 0.075 0.050 0.050 0.050 7018 CME 0.050 UNCH 250 0.050 24.3
4.900 3.702 7090 AHEALTH 4.710 15.38 2.44 551.8 4.628 3.476 4.110 4.080 2852 CMSB 4.100 UNCH 1274.1 4.098 17.78 1.54 4,404.9
24.759 11.853 19.800 18.000 2658 AJI 18.900 -1.080 624 18.625 6.30 2.22 1,149.1 0.600 0.200 0.570 0.510 7986 CNASIA 0.515 -0.055 65 0.517 0.99 23.4
0.380 0.220 7051 AMTEK 0.300 15.0 1.559 1.150 1.170 1.150 5071 COASTAL 1.170 0.010 248.1 1.156 12.59 1.71 622.0
6.007 4.970 5.150 4.990 6432 APOLLO 4.990 -0.010 83.6 5.005 25.10 5.01 399.2 1.150 0.665 0.765 0.745 7195 COMCORP 0.745 -0.015 376 0.755 7.02 104.3
1.110 0.800 7722 ASIABRN 0.940 74.4 1.010 0.645 0.985 0.955 2127 COMFORT 0.975 0.015 6753.5 0.971 11.21 544.8
3.771 3.140 3.280 3.270 7129 ASIAFLE 3.280 UNCH 6.5 3.279 11.28 4.88 638.8 2.156 1.478 1.660 1.630 5094 CSCSTEL 1.630 -0.030 1669.2 1.641 9.80 6.13 619.4
49.279 39.201 44.400 43.140 4162 BAT 43.140 -0.320 168.8 43.353 16.13 4.98 12,317.8 0.015 0.005 22 CYBERT 0.005 0.5
0.120 0.035 0.070 0.065 7243 BIOOSMO 0.070 UNCH 612.9 0.070 55.7 0.829 0.660 0.660 0.660 7157 CYL 0.660 -0.005 10 0.660 52.38 6.06 66.0
0.740 0.540 0.640 0.605 9288 BONIA 0.625 0.020 5055.6 0.624 15.90 2.00 503.9 0.405 0.280 0.310 0.310 5082 CYMAO 0.310 UNCH 175 0.310 23.3
1.100 0.483 1.050 0.990 7174 CAB 1.040 0.045 4858.4 1.024 7.43 0.31 638.9 2.369 1.709 2.190 2.180 8125 DAIBOCI 2.180 -0.010 10.4 2.185 31.32 1.97 714.8
0.540 0.425 0.435 0.435 7154 CAELY 0.435 -0.015 60 0.435 8.38 2.30 34.8 1.510 0.315 1.250 1.240 8176 DENKO 1.240 UNCH 54 1.242 129.5
0.340 0.260 7128 CAMRES 0.280 23.33 3.57 55.1 0.330 0.220 0.305 0.300 7114 DNONCE 0.305 0.005 909 0.304 55.6
15.200 13.107 14.820 14.780 2836 CARLSBG 14.820 0.020 56.4 14.795 20.69 5.20 4,531.2 0.435 0.230 5835 DOLMITE 0.300 136.36 85.5
1.140 0.519 0.970 0.940 7035 CCK 0.965 0.005 1918.7 0.960 12.83 2.07 304.3 0.465 0.155 0.205 0.190 5265 DOLPHIN 0.205 0.015 2132.1 0.200 45.5
2.388 1.867 2.060 2.000 7148 CCMDBIO 2.060 0.060 48.1 2.024 20.12 3.16 574.7 1.300 1.066 1.300 1.280 7169 DOMINAN 1.300 UNCH 32.1 1.290 8.98 4.62 214.6
2.700 2.250 2.270 2.260 2828 CIHLDG 2.260 UNCH 67.2 2.262 13.52 2.21 366.1 1.860 0.920 1.630 1.600 1619 DRBHCOM 1.610 UNCH 2625.1 1.610 0.62 3,112.5
0.060 0.020 0.050 0.045 5188 CNOUHUA 0.050 -0.005 5297.9 0.047 33.4 1.606 0.540 1.520 1.490 7233 DUFU 1.490 -0.030 504.8 1.501 7.56 3.02 261.5
3.200 1.812 2.800 2.730 7205 COCOLND 2.740 UNCH 433.3 2.767 15.13 5.66 626.9 0.985 0.750 0.770 0.750 8907 EG 0.760 -0.010 1548 0.755 6.99 160.8
1.960 1.575 1.840 1.810 7202 CSCENIC 1.820 UNCH 25 1.820 17.50 5.49 219.3 1.070 0.835 0.850 0.835 9016 EKSONS 0.835 -0.005 235 0.839 137.1
0.095 0.030 0.075 0.060 5214 CSL 0.060 -0.010 58329.2 0.067 7.59 74.6 0.840 0.510 0.790 0.765 7217 EMETALL 0.790 UNCH 775.1 0.776 14.60 3.16 135.2
0.810 0.555 0.580 0.560 9423 CWG 0.560 0.005 259 0.572 3.10 6.25 47.1 0.885 0.385 0.540 0.525 7773 EPMB 0.525 -0.015 20.1 0.528 1.90 87.1
0.050 0.025 0.030 0.030 7179 DBE 0.030 UNCH 480 0.030 300.0 41.4 0.443 0.330 0.370 0.355 190 ESAFE 0.360 0.005 50.1 0.357 11.04 86.6
1.000 0.740 7119 DEGEM 0.990 11.86 2.53 132.7 1.115 0.740 0.820 0.790 5101 EVERGRN 0.800 0.005 8274 0.807 13.05 2.50 677.1
59.958 52.364 58.900 58.600 3026 DLADY 58.620 0.020 3.6 58.622 26.30 1.71 3,751.7 0.863 0.495 0.500 0.495 7249 EWEIN 0.500 UNCH 181.8 0.497 12.89 1.00 150.8
0.115 0.070 0.090 0.080 7198 DPS 0.090 0.010 952.8 0.085 52.9 1.380 1.011 1.300 1.270 2984 FACBIND 1.290 0.010 26 1.284 11.50 1.94 109.9
0.105 0.020 0.080 0.080 7182 EKA 0.080 UNCH 40 0.080 25.0 2.862 2.160 2.680 2.610 7229 FAVCO 2.630 -0.060 215.5 2.627 7.70 5.70 582.3
0.360 0.140 0.240 0.225 9091 EMICO 0.235 0.005 268.4 0.232 13.99 22.5 0.800 0.495 0.610 0.605 149 FIBON 0.605 -0.005 86 0.606 13.78 2.07 59.3
1.948 1.372 7149 ENGKAH 1.580 70.85 3.80 111.8 2.274 1.906 2.160 2.160 3107 FIMACOR 2.160 -0.010 20.6 2.160 16.04 5.79 529.8
0.270 0.180 0.190 0.180 7208 EURO 0.190 0.005 185.7 0.183 24.68 50.8 1.870 1.417 1.510 1.490 5197 FLBHD 1.500 UNCH 479.8 1.502 7.56 10.00 154.8
0.800 0.630 7094 EUROSP 0.730 33.80 32.4 1.420 1.330 1.330 1.330 3611 GBH 1.330 -0.010 8 1.330 151.14 248.2
26.000 21.887 24.500 24.500 3689 F&N 24.500 0.180 0.1 24.500 25.40 2.35 8,986.1 2.590 1.450 2.460 2.420 7197 GESHEN 2.450 -0.040 195.1 2.438 10.45 196.0
1.205 0.815 0.880 0.880 2755 FCW 0.880 UNCH 0.3 0.880 72.73 1.70 220.0 0.085 0.040 0.055 0.050 5220 GLOTEC 0.055 UNCH 3709.7 0.055 296.0
0.850 0.520 0.585 0.570 8605 FFHB 0.585 0.005 233 0.577 9.83 2.05 63.8 0.735 0.185 7192 GOODWAY 0.195 21.6
1.350 0.702 1.210 1.180 9172 FPI 1.210 -0.010 1777.9 1.201 11.04 4.96 299.3 0.135 0.085 0.100 0.100 7096 GPA 0.100 UNCH 210 0.100 17.54 98.0
0.710 0.255 0.710 0.615 7184 G3 0.710 0.160 210 0.659 292.9 0.425 0.255 5649 GPHAROS 0.265 35.7
1.670 0.885 1.500 1.480 5102 GCB 1.480 -0.010 126 1.487 15.10 1.52 710.6 0.245 0.185 136 GREENYB 0.195 37.50 3.08 65.1
2.999 2.334 2.700 2.700 5606 GOLDIS 2.700 0.030 31 2.700 7.09 0.74 1,650.8 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 1493.9 0.105 55.4
0.135 0.030 0.130 0.110 5187 HBGLOB 0.120 -0.005 6115.4 0.120 56.2 1.050 0.800 0.850 0.830 3247 GUH 0.840 -0.015 151.1 0.838 11.88 4.17 233.4
19.100 15.038 19.100 18.980 3255 HEIM 19.080 0.080 121.9 19.025 21.18 6.03 5,764.0 1.180 0.235 0.745 0.745 5151 HALEX 0.745 0.005 210 0.745 79.0
10.600 8.426 10.040 9.980 3301 HLIND 10.000 0.090 103.4 10.002 29.85 3.50 3,279.0 7.400 4.251 6.940 6.810 5168 HARTA 6.870 0.100 1293.8 6.881 34.93 1.24 11,324.6
1.008 0.822 0.935 0.935 5160 HOMERIZ 0.935 -0.005 94.5 0.935 9.84 2.14 280.5 1.390 0.829 1.270 1.190 7105 HCK 1.270 UNCH 33.9 1.246 705.56 534.9
0.395 0.240 0.315 0.305 7213 HOVID 0.310 0.005 1014.5 0.310 254.5 8.680 1.990 7.790 7.600 4324 HENGYUAN 7.790 0.130 1557 7.730 4.76 2,337.0
1.280 1.113 1.190 1.180 5024 HUPSENG 1.180 UNCH 52 1.180 20.52 3.39 944.0 1.780 1.095 1.610 1.570 5095 HEVEA 1.600 -0.020 5785.1 1.587 9.15 4.63 868.6
0.630 0.445 8478 HWATAI 0.460 191.67 34.4 1.200 0.849 0.920 0.900 3298 HEXZA 0.920 0.015 169.5 0.909 6.69 4.89 184.3
4.880 1.933 3.780 3.700 5107 IQGROUP 3.730 -0.060 152.8 3.718 13.32 2.95 328.3 0.415 0.265 0.415 0.380 5072 HIAPTEK 0.415 0.025 55619.4 0.401 13.97 0.72 545.7
1.570 1.027 1.480 1.470 7152 JAYCORP 1.470 UNCH 62.6 1.476 8.97 3.40 201.8 0.560 0.185 0.430 0.410 5199 HIBISCS 0.430 0.020 10772.7 0.421 5.57 647.5
0.740 0.505 0.520 0.520 8931 JERASIA 0.520 UNCH 4.8 0.520 11.50 42.7 1.276 0.840 7033 HIGHTEC 0.950 6.44 3.68 38.6
2.598 1.370 1.390 1.380 5247 KAREX 1.390 0.010 1721.2 1.389 49.82 1.44 1,393.3 1.226 0.785 0.995 0.990 8443 HIL 0.990 0.010 33.7 0.993 16.81 1.52 275.9
3.800 3.380 7216 KAWAN 3.380 34.42 0.56 1,215.2 0.405 0.270 0.340 0.335 5165 HOKHENG 0.335 0.005 41 0.336 33.84 26.8
0.260 0.040 0.180 0.175 8303 KFM 0.180 UNCH 319.8 0.177 12.3 0.220 0.020 0.215 0.190 2739 HUAAN 0.195 -0.015 121009 0.200 218.9
0.920 0.725 0.770 0.750 6203 KHEESAN 0.770 0.020 30 0.765 16.49 1.30 80.1 3.236 2.130 2.210 2.200 5000 HUMEIND 2.200 UNCH 97.7 2.201 56.41 0.91 1,054.0
2.700 2.020 2.210 2.190 7062 KHIND 2.200 -0.010 5.1 2.197 23.43 4.55 88.1 0.075 0.045 0.050 0.045 9601 HWGB 0.045 -0.005 170.1 0.047 44.9
2.210 0.995 2 KOTRA 1.940 20.73 1.03 258.9 0.890 0.595 9687 IDEALUBB 0.770 5.63 85.1
0.140 0.050 0.115 0.090 5172 KSTAR 0.110 0.015 14143.3 0.105 32.2 2.070 1.690 1.850 1.840 7222 IMASPRO 1.850 -0.010 150 1.840 25.84 1.89 148.0
6.000 4.509 4.780 4.710 7006 LATITUD 4.750 -0.030 34.3 4.739 6.68 2.53 461.7 0.300 0.160 0.190 0.160 7183 IRETEX 0.190 0.030 0.3 0.178 26.2
1.010 0.785 0.985 0.975 9385 LAYHONG 0.985 UNCH 195.9 0.980 26.84 0.51 599.6 0.085 0.050 0.055 0.055 7223 JADI 0.055 0.005 300 0.055 51.8
0.377 0.261 0.310 0.310 8079 LEESK 0.310 UNCH 33 0.310 11.11 3.23 52.0 0.175 0.135 0.145 0.140 8648 JASKITA 0.145 0.005 89 0.144 6.90 65.2
3.500 2.738 3.410 3.380 7089 LIIHEN 3.390 -0.010 447.1 3.399 8.26 4.72 610.2 0.110 0.030 2747 JAVA 0.035 6.1
0.820 0.710 0.740 0.725 7126 LONBISC 0.730 UNCH 1142.5 0.729 9.42 136.2 1.120 0.892 7043 JMR 1.110 336.3 2.70 140.7
1.890 1.212 1.460 1.460 7085 LTKM 1.460 -0.020 34.2 1.460 22.78 2.05 190.0 1.729 0.825 1.390 1.370 7167 JOHOTIN 1.390 0.010 389.7 1.381 7.36 1.89 390.4
7.920 3.865 7.640 7.500 7087 MAGNI 7.580 0.030 144.9 7.581 10.27 1.85 1,233.5 1.460 1.000 1.040 1.000 4383 JTIASA 1.030 0.010 1350.5 1.025 85.83 1.26 1,002.9
0.045 0.010 0.045 0.030 5189 MAXWELL 0.035 -0.010 22740.7 0.037 14.0 0.310 0.160 0.265 0.255 54 KARYON 0.255 -0.005 1663.9 0.259 24.06 121.3
1.266 0.974 5886 MBG 1.020 23.78 2.94 62.0 0.870 0.680 0.790 0.760 7199 KEINHIN 0.790 0.015 20 0.774 11.10 1.90 78.2
2.464 1.266 2.100 2.050 3662 MFLOUR 2.050 -0.040 61.5 2.063 15.33 3.17 1,128.1 0.500 0.310 0.310 0.310 6211 KIALIM 0.310 -0.020 9.7 0.310 19.2
0.960 0.770 7935 MILUX 0.820 44.6 3.060 2.733 2.940 2.930 3522 KIANJOO 2.930 -0.010 41 2.934 11.74 1.37 1,301.4
5.005 3.790 3.850 3.790 5202 MSM 3.850 0.010 28.8 3.794 3.64 2,706.5 2.363 1.511 1.740 1.700 5371 KIMHIN 1.720 0.020 28 1.715 7.44 3.49 267.7
0.035 0.030 5150 MSPORTS 0.035 21.2 0.075 0.025 0.040 0.035 5060 KINSTEL 0.040 UNCH 2308 0.040 42.0
1.826 1.184 1.410 1.390 3921 MWE 1.400 0.010 13 1.399 2.39 1.43 324.2 1.500 0.890 0.915 0.905 9466 KKB 0.910 0.005 195.1 0.909 4.40 234.6
85.000 72.360 85.000 84.260 4707 NESTLE 84.300 0.200 340.6 84.318 31.88 3.20 19,768.4 0.425 0.220 0.235 0.230 7164 KNM 0.230 -0.005 3089.2 0.231 495.9
4.880 2.924 3.640 3.600 7060 NHFATT 3.600 -0.040 15.5 3.617 10.48 3.06 270.6 1.129 0.751 0.820 0.805 6971 KOBAY 0.820 0.005 13 0.817 13.23 83.7
0.130 0.060 0.065 0.060 7139 NICE 0.065 0.005 141 0.065 18.57 21.6 0.367 0.240 0.250 0.240 7017 KOMARK 0.250 -0.005 262 0.245 31.2
0.315 0.230 0.260 0.260 7215 NIHSIN 0.260 UNCH 20 0.260 108.3 62.0 7.360 5.565 6.990 6.900 7153 KOSSAN 6.910 -0.090 122.5 6.917 26.48 1.59 4,418.7
0.905 0.750 0.800 0.790 5066 NTPM 0.800 0.005 240.6 0.796 18.18 3.00 898.6 1.110 0.345 0.835 0.830 7130 KPOWER 0.830 UNCH 60.5 0.830 57.5
0.690 0.360 0.575 0.555 7071 OCR 0.570 0.005 812 0.568 151.4 5.140 4.624 4.980 4.930 3476 KSENG 4.940 -0.020 20.9 4.961 16.53 2.02 1,785.7
0.250 0.045 0.125 0.120 7071PA OCR-PA 0.125 0.005 2695 0.124 80.6 0.580 0.351 0.490 0.480 5192 KSSC 0.485 -0.005 310.6 0.487 10.66 3.09 46.6
1.789 1.353 1.550 1.540 7107 OFI 1.550 UNCH 42 1.549 21.38 2.58 372.0 0.775 0.295 0.570 0.545 8362 KYM 0.570 0.020 54.2 0.550 21.84 85.4
6.863 6.315 6.760 6.650 4006 ORIENT 6.730 -0.030 90 6.726 10.35 2.97 4,175.2 8.400 5.060 5.620 5.300 3794 LAFMSIA 5.550 0.230 885.9 5.530 3.60 4,715.8
4.310 2.222 4.250 4.140 7052 PADINI 4.250 0.080 1541.7 4.209 17.77 2.35 2,796.1 0.940 0.559 0.770 0.765 9326 LBALUM 0.770 UNCH 187.1 0.765 10.65 3.25 191.3
38.448 29.318 37.900 37.120 3719 PANAMY 37.500 0.220 17.8 37.371 17.77 3.12 2,278.0 0.608 0.444 0.475 0.470 5092 LCTH 0.475 UNCH 95.9 0.472 14.05 5.26 171.0
0.774 0.495 5022 PAOS 0.500 48.54 3.26 90.6 6.530 4.140 5.350 5.180 5284 LCTITAN 5.300 0.080 7689.7 5.298 8.22 12,231.3
0.650 0.310 9407 PARAGON 0.420 29.4 0.844 0.422 0.780 0.765 5232 LEONFB 0.775 0.010 1058.9 0.770 4.42 1.94 240.3
0.660 0.310 0.600 0.570 6068 PCCS 0.580 -0.025 230.2 0.586 34.8 0.440 0.100 0.280 0.260 8745 LEWEKO 0.270 0.005 1083.2 0.269 86.9
1.060 0.735 0.850 0.840 5231 PELIKAN 0.840 UNCH 52.8 0.844 25.53 464.8 0.080 0.020 0.045 0.045 2887 LIONDIV 0.045 UNCH 588.8 0.045 62.6
0.235 0.145 0.170 0.160 4081 PMCORP 0.165 UNCH 134.6 0.165 9.17 127.6 1.280 0.295 1.200 1.120 4235 LIONIND 1.170 0.040 9221.2 1.166 7.60 840.0
0.625 0.441 0.625 0.605 5080 POHKONG 0.615 0.020 2727.2 0.616 13.98 1.63 252.4 0.665 0.350 0.585 0.575 9881 LSTEEL 0.585 UNCH 250.8 0.580 8.45 74.9
2.060 1.451 1.820 1.750 7088 POHUAT 1.770 -0.070 401.4 1.795 6.59 4.52 402.2 0.160 0.050 0.130 0.125 5068 LUSTER 0.125 UNCH 5038.7 0.127 247.0
17.300 15.159 16.800 16.660 4065 PPB 16.700 -0.100 410.9 16.706 14.94 1.50 19,797.8 3.890 3.336 9199 LYSAGHT 3.700 9.37 1.89 153.8
0.720 0.499 7190 PPG 0.590 19.47 2.34 59.0 1.280 0.645 1.230 1.190 5098 MASTEEL 1.220 0.010 4436.6 1.215 9.71 308.1
1.659 1.170 1.200 1.180 8966 PRLEXUS 1.190 UNCH 512.2 1.191 8.36 2.52 214.3 0.855 0.475 0.630 0.625 7029 MASTER 0.630 0.005 38.3 0.626 9.52 1.59 34.4
1.170 0.650 1.120 1.110 7134 PWF 1.120 -0.010 230.1 1.113 18.82 3.57 188.2 1.170 0.948 1.100 1.070 5152 MBL 1.100 0.050 816.9 1.090 7.98 3.64 101.2
2.705 1.906 2.070 2.040 7237 PWROOT 2.070 0.060 80.9 2.045 17.25 5.56 682.8 0.870 0.618 7004 MCEHLDG 0.810 21.26 1.85 36.0
5.000 4.143 4.930 4.910 7084 QL 4.930 UNCH 285.9 4.924 31.38 0.86 6,152.8 0.660 0.250 0.250 0.250 3778 MELEWAR 0.250 UNCH 317 0.250 56.4
2.510 1.467 2.340 2.290 9946 REX 2.330 0.040 28.7 2.314 40.24 0.86 143.7 0.789 0.478 5223 MENTIGA 0.665 511.5 1.50 46.6
1.890 1.130 1.310 1.260 183 SALUTE 1.280 0.020 1008.4 1.281 25.70 1.88 496.6 1.426 1.110 1.270 1.250 8192 MERCURY 1.250 -0.010 0.7 1.264 13.23 9.60 50.2
1.069 0.805 0.820 0.810 5252 SASBADI 0.815 -0.005 209.2 0.818 20.79 1.84 341.6 1.837 1.596 1.700 1.700 6149 METROD 1.700 -0.020 18 1.700 17.47 3.53 204.0
0.540 0.275 0.485 0.445 5157 SAUDEE 0.455 UNCH 752.2 0.452 505.5 54.6 1.190 0.333 1.190 1.060 5001 MIECO 1.190 0.120 13270.1 1.129 8.97 3.36 624.8
1.430 1.000 7180 SERNKOU 1.390 166.8 0.155 0.075 0.150 0.145 7219 MINETEC 0.150 UNCH 7718.4 0.150 109.7
0.845 0.580 0.650 0.650 7165 SGB 0.650 -0.010 28.5 0.650 111.2 0.715 0.510 0.515 0.510 5576 MINHO 0.510 -0.005 59.2 0.513 8.78 112.0
0.270 0.060 0.240 0.210 7165PA SGB-PA 0.240 0.010 133.5 0.238 107.4 4.403 3.030 3.610 3.590 5916 MSC 3.590 -0.010 33 3.596 8.69 2.23 359.0
1.867 1.410 7412 SHH 1.520 14.39 6.58 76.0 1.785 1.373 1.400 1.380 3883 MUDA 1.390 -0.010 393.8 1.388 17.38 2.16 424.0
1.070 0.800 0.905 0.865 7246 SIGN 0.905 UNCH 10 0.882 10.40 217.5 1.200 0.480 0.765 0.745 5087 MYCRON 0.750 -0.005 426.1 0.750 5.85 212.7
0.915 0.215 0.680 0.670 8532 SINOTOP 0.680 0.015 55 0.673 50.37 268.5 0.240 0.035 7002 NAKA 0.120 6.6
0.865 0.540 0.615 0.560 9776 SMCAP 0.615 0.020 4 0.588 37.6 0.385 0.145 5025 NWP 0.150 54.2
0.385 0.200 7943 SNC 0.320 42.67 21.1 1.190 0.535 0.915 0.900 4944 NYLEX 0.905 -0.010 442.9 0.909 8.53 2.21 175.9
2.548 2.130 2.160 2.130 7103 SPRITZER 2.160 0.030 73 2.149 18.31 2.68 394.4 1.970 1.125 1.820 1.800 7140 OKA 1.820 UNCH 246.9 1.802 10.20 3.02 297.3
1.440 1.020 1.080 1.060 7186 SWSCAP 1.070 -0.010 105.5 1.068 164.62 0.93 156.1 1.500 0.865 1.440 1.420 5065 ORNA 1.440 0.010 124.4 1.435 9.12 2.08 108.4
0.669 0.455 0.460 0.455 7082 SYF 0.455 -0.005 220 0.456 7.29 2.20 281.8 0.085 0.050 7225 PA 0.055 52.1
0.505 0.280 7211 TAFI 0.390 31.2 7.670 6.270 7.440 7.300 5183 PCHEM 7.390 0.090 9067.6 7.388 14.39 3.25 59,120.0
1.979 1.651 1.680 1.680 4405 TCHONG 1.680 UNCH 10 1.680 1.19 1,129.0 2.020 1.450 1.490 1.470 5271 PECCA 1.470 -0.020 70.2 1.480 18.82 2.72 276.4
1.304 0.505 0.540 0.530 7200 TEKSENG 0.540 0.005 458.6 0.532 39.13 3.70 188.0 0.801 0.605 0.670 0.650 9997 PENSONI 0.650 -0.040 251.6 0.654 13.27 4.62 84.3
1.250 0.850 0.925 0.915 7252 TEOSENG 0.915 -0.005 578.7 0.920 17.98 1.64 274.5 7.901 5.980 6.090 6.080 5436 PERSTIM 6.080 0.020 6.6 6.083 10.95 6.58 603.8
1.510 1.258 9369 TGL 1.370 12.36 5.47 55.8 21.740 17.797 18.420 18.200 6033 PETGAS 18.380 UNCH 1396 18.374 20.47 3.54 36,369.1
0.865 0.400 0.865 0.830 7230 TOMEI 0.850 0.005 644.9 0.850 10.94 117.8 9.900 3.883 9.480 9.200 3042 PETRONM 9.400 0.230 591.5 9.378 7.07 2.34 2,538.0
0.560 0.390 0.415 0.415 7176 TPC 0.415 0.005 4 0.415 97.0 2.466 1.595 2.300 2.280 7095 PIE 2.300 UNCH 132.3 2.289 17.61 1.04 883.3
6.080 4.089 5.560 5.380 4588 UMW 5.380 -0.130 296.9 5.427 3.72 6,285.4 2.569 1.271 2.300 2.250 7172 PMBTECH 2.270 0.010 68 2.274 15.68 1.76 181.6
2.590 1.934 2.590 2.550 7757 UPA 2.550 -0.040 21.4 2.588 3.40 3.14 202.9 3.800 2.516 3.800 3.700 8869 PMETAL 3.780 0.040 6462 3.762 25.85 1.46 14,127.6
1.668 0.677 1.360 1.360 7203 WANGZNG 1.360 UNCH 1.5 1.360 15.98 2.94 217.6 0.575 0.450 0.505 0.470 6637 PNEPCB 0.505 UNCH 2.6 0.472 13.32 66.4
0.325 0.080 0.265 0.255 5156 XDL 0.255 UNCH 1818.4 0.260 22.57 171.8 0.995 0.270 0.375 0.370 8117 POLY 0.370 -0.005 72 0.374 1.87 59.2
0.615 0.360 7121 XIANLNG 0.585 46.8 1.670 0.920 1.430 1.390 8273 PPHB 1.400 -0.040 691.1 1.403 8.62 153.9
0.125 0.020 5155 XINQUAN 0.055 26.7 0.365 0.250 9458 PREMIER 0.275 343.7 92.7
2.822 2.175 2.200 2.190 5584 YEELEE 2.190 UNCH 21.8 2.190 11.35 2.05 419.6 1.480 0.550 1.420 1.370 9873 PRESTAR 1.400 0.020 2211.4 1.402 5.97 2.14 284.0
1.560 1.034 1.430 1.360 5159 YOCB 1.370 -0.030 183.3 1.380 9.63 2.92 219.2 1.110 0.635 1.020 1.000 7168 PRG 1.010 UNCH 194.2 1.007 89.38 0.50 302.9
3.190 1.744 2.640 2.620 7178 YSPSAH 2.640 UNCH 284.4 2.633 12.78 2.65 360.9 0.330 0.085 0.240 0.230 7123 PWORTH 0.230 -0.010 10438 0.233 88.46 214.1
1.934 1.146 1.700 1.670 5131 ZHULIAN 1.690 -0.010 51 1.674 14.58 3.55 777.4 1.350 1.070 7544 QUALITY 1.200 69.6
INDUSTRIAL PRODUCTS 0.800 0.510 7498 RALCO 0.580 24.3
1.420 0.922 1.290 1.270 12 3A 1.280 0.030 431.6 1.278 14.37 1.13 629.8 5.840 5.310 5.720 5.720 7765 RAPID 5.720 -0.010 98 5.720 783.5 611.4
0.210 0.085 0.130 0.130 7086 ABLEGRP 0.130 UNCH 723.3 0.130 34.3 0.745 0.285 0.310 0.290 5256 REACH 0.300 0.010 3528.4 0.299 7.04 328.9
0.400 0.200 7131 ACME 0.320 69.9 0.655 0.390 0.420 0.405 7232 RESINTC 0.415 UNCH 271.8 0.415 6.53 2.89 56.9
0.795 0.625 7191 ADVENTA 0.625 3125 95.5 1.370 0.595 1.360 1.320 9741 ROHAS 1.360 0.040 1196.3 1.346 543.8
2.684 2.045 2.200 2.200 9148 ADVPKG 2.200 UNCH 1 2.200 18.29 5.45 45.1 0.834 0.705 0.740 0.705 7803 RUBEREX 0.705 -0.040 210.6 0.735 8.49 1.77 177.8
0.220 0.135 0.170 0.165 7146 AEM 0.165 -0.005 430 0.168 550.0 49.4 5.194 3.759 4.600 4.500 5134 SAB 4.550 -0.070 29.3 4.569 13.17 1.10 623.1
0.500 0.365 5198 AFUJIYA 0.420 23.33 75.6 8.490 4.773 6.960 6.860 9822 SAM 6.900 0.010 116.2 6.901 19.99 1.49 868.8
0.635 0.405 0.425 0.420 2682 AISB 0.425 UNCH 18.8 0.424 30.14 61.4 0.979 0.826 0.880 0.880 7811 SAPIND 0.880 -0.030 9 0.880 10.40 6.82 64.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HU R SDAY SEP TEM B ER 7, 2 0 17 TH E EDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.266 0.984 1.040 1.030 5170 SCABLE 1.030 -0.010 13 1.040 19.47 2.91 326.6 0.624 0.370 0.550 0.515 6939 FIAMMA 0.550 0.035 27 0.518 11.11 2.73 291.5
3.450 2.177 2.910 2.870 7247 SCGM 2.880 -0.030 246.9 2.874 16.77 2.08 557.6 0.440 0.355 0.380 0.380 9318 FITTERS 0.380 -0.005 0.1 0.380 1.58 182.6
0.740 0.510 9237 SCIB 0.530 14.93 42.9 1.468 1.084 1.280 1.270 7210 FREIGHT 1.280 0.010 50.6 1.276 10.97 3.91 238.3
9.100 5.900 9.100 8.850 4731 SCIENTX 9.000 0.090 734.9 8.969 19.72 1.78 4,352.0 0.425 0.135 0.375 0.350 128 FRONTKN 0.370 0.020 58525.1 0.367 14.23 13.51 389.8
0.345 0.250 0.300 0.300 7239 SCNWOLF 0.300 -0.005 15 0.300 26.3 0.295 0.150 0.230 0.230 9377 FSBM 0.230 0.020 25 0.230 32.5
0.525 0.135 7366 SCOMIEN 0.255 87.2 3.096 2.384 2.920 2.880 5209 GASMSIA 2.920 0.020 211.5 2.899 22.32 4.40 3,749.3
1.660 0.660 0.945 0.925 7073 SEACERA 0.935 0.005 3312.3 0.934 49.73 3.21 323.6 0.820 0.615 0.670 0.665 78 GDEX 0.670 UNCH 1371.8 0.667 100.0 0.37 3,736.1
0.230 0.135 0.140 0.135 5145 SEALINK 0.135 UNCH 150.3 0.140 67.5 6.302 4.225 5.980 5.800 4715 GENM 5.960 0.140 3872.2 5.905 12.22 1.71 35,390.7
0.765 0.250 5163 SEB 0.560 44.8 10.000 7.449 9.840 9.740 3182 GENTING 9.840 0.060 3372.5 9.803 13.24 1.17 37,607.2
1.410 0.388 1.170 1.120 5181 SIGGAS 1.150 -0.020 4026.2 1.138 54.50 1.04 215.6 0.330 0.185 5079 GETS 0.200 25.2
1.040 0.550 7115 SKBSHUT 0.760 13.40 30.4 3.010 1.381 2.770 2.740 3204 GKENT 2.750 -0.030 1401.9 2.753 14.79 2.43 1,549.0
1.530 1.180 1.500 1.440 7155 SKPRES 1.490 0.040 1869.9 1.474 14.86 2.79 1,862.8 0.555 0.300 0.380 0.375 7676 GUNUNG 0.375 -0.005 136 0.376 88.6
2.225 1.881 7248 SLP 1.950 24.10 1.89 618.1 4.400 2.045 4.400 4.330 7668 HAIO 4.380 0.010 142.9 4.366 21.33 3.27 1,308.1
0.700 0.550 0.580 0.580 7132 SMISCOR 0.580 0.015 0.1 0.580 4.31 26.0 0.335 0.200 0.215 0.205 7253 HANDAL 0.215 0.005 15 0.208 34.4
2.150 0.923 2.090 2.000 5665 SSTEEL 2.070 0.040 851 2.053 9.36 1.45 892.0 9.350 7.192 9.050 8.920 3034 HAPSENG 9.040 -0.010 388.3 9.010 21.27 3.87 22,506.7
0.300 0.065 7143 STONE 0.230 20.7 0.994 0.670 0.720 0.670 2062 HARBOUR 0.670 -0.010 19.4 0.679 8.06 2.99 268.3
1.550 1.230 1.340 1.300 6904 SUBUR 1.300 -0.040 0.2 1.320 271.7 4.077 2.938 3.900 3.900 5008 HARISON 3.900 -0.050 3.3 3.900 12.62 6.41 267.1
4.320 1.633 3.490 3.200 7207 SUCCESS 3.400 -0.030 38.5 3.382 8.42 1.47 417.2 0.150 0.050 0.060 0.055 7013 HUBLINE 0.060 UNCH 12926.5 0.060 25.00 70.4
2.960 1.764 2.890 2.850 7235 SUPERLN 2.890 0.050 377.7 2.863 19.34 0.95 462.4 0.480 0.210 0.215 0.215 5255 ICON 0.215 UNCH 471.1 0.215 253.1
2.324 1.770 1.830 1.780 7106 SUPERMX 1.830 0.040 624.8 1.812 17.53 1.37 1,244.7 6.666 5.512 6.000 5.950 5225 IHH 5.980 -0.020 2373 5.979 53.68 0.50 49,269.6
4.153 3.272 3.640 3.580 5012 TAANN 3.610 -0.040 100.2 3.604 10.24 4.16 1,605.9 0.920 0.710 0.710 0.710 5614 ILB 0.710 -0.015 14 0.710 138.5
0.510 0.350 0.365 0.355 4022 TADMAX 0.360 UNCH 868.9 0.361 193.9 1.000 0.670 0.685 0.685 5673 IPMUDA 0.685 -0.015 11 0.685 4.38 49.6
0.415 0.235 0.260 0.250 5149 TAS 0.260 0.005 102 0.252 46.8 2.166 1.325 58 JCBNEXT 1.700 29.98 1.18 238.0
14.282 11.949 12.700 12.680 4448 TASEK 12.680 -0.020 1.1 12.698 104.71 9.46 1,567.5 0.310 0.235 0.270 0.260 8923 JIANKUN 0.260 -0.010 48.4 0.265 43.4
0.290 0.100 0.170 0.150 5178 TATGIAP 0.165 0.005 1038.4 0.161 25.6 0.395 0.295 0.355 0.355 8672 KAMDAR 0.355 -0.015 0.2 0.355 70.3
1.360 0.300 1.270 1.200 7097 TAWIN 1.250 -0.020 647.7 1.244 16.58 80.4 1.960 1.690 1.820 1.800 6491 KFIMA 1.800 -0.010 169.5 1.813 19.61 5.00 508.0
2.920 1.050 1.610 1.610 7439 TECGUAN 1.610 -0.010 14 1.610 9.22 64.6 0.739 0.236 0.620 0.615 151 KGB 0.615 -0.005 277.3 0.617 12.35 1.63 141.3
4.803 3.817 4.160 4.110 7034 TGUAN 4.110 -0.050 70.5 4.131 8.59 2.92 544.5 1.680 1.020 1.050 1.050 5035 KNUSFOR 1.050 -0.010 0.3 1.050 1.90 104.6
2.166 1.592 1.710 1.690 7374 TIENWAH 1.690 -0.020 26 1.697 6.94 5.92 244.6 4.290 3.803 4.200 4.160 5878 KPJ 4.200 0.040 251.6 4.182 30.02 1.67 4,494.0
0.800 0.560 7854 TIMWELL 0.620 140.9 55.2 1.678 1.022 1.310 1.290 5843 KPS 1.310 0.030 47 1.303 1091.6 4.77 653.7
1.080 0.595 0.945 0.910 7285 TOMYPAK 0.935 -0.015 542.9 0.931 15.45 3.42 392.1 0.590 0.485 0.525 0.525 9121 KPSCB 0.525 UNCH 61.5 0.525 10.71 77.6
3.780 1.749 3.460 3.430 5010 TONGHER 3.430 -0.030 76.9 3.451 9.92 8.75 540.0 0.225 0.115 0.140 0.140 4847 KTB 0.140 UNCH 144.6 0.140 56.4
5.878 4.476 5.680 5.620 7113 TOPGLOV 5.680 0.050 734.6 5.651 23.78 2.55 7,135.8 0.628 0.299 0.515 0.505 6874 KUB 0.515 0.005 1369.2 0.510 11.50 1.94 286.6
0.850 0.495 7173 TOYOINK 0.745 79.7 0.380 0.240 0.255 0.255 7170 LFECORP 0.255 -0.005 187.9 0.255 27.13 46.3
0.230 0.145 0.185 0.180 4359 TURIYA 0.185 0.005 8 0.183 42.3 0.650 0.420 0.525 0.510 8486 LIONFIB 0.525 0.015 214.5 0.515 121.6
2.300 1.518 2.300 2.270 7100 UCHITEC 2.280 UNCH 875.2 2.278 16.05 5.70 1,014.8 0.855 0.449 0.855 0.775 5143 LUXCHEM 0.845 0.085 8335 0.811 5.08 8.28 713.9
4.930 3.310 7133 ULICORP 4.480 22.67 2.68 650.5 2.306 1.670 1.890 1.860 3859 MAGNUM 1.870 -0.020 563.3 1.876 14.04 6.42 2,688.6
1.376 1.150 7227 UMSNGB 1.210 8.76 2.48 96.8 1.636 0.995 1.150 1.120 5264 MALAKOF 1.150 0.010 2160.1 1.133 2.35 5.22 5,750.0
1.680 0.700 0.805 0.780 4995 VERSATL 0.805 0.005 400.8 0.791 1341.6 94.5 0.179 0.135 0.140 0.135 3514 MARCO 0.140 UNCH 208 0.140 8.43 3.57 147.6
2.400 1.277 2.400 2.340 6963 VS 2.370 -0.030 1861.5 2.362 21.39 2.04 2,865.5 6.493 5.368 5.760 5.730 6012 MAXIS 5.760 0.030 1276.3 5.752 20.79 3.47 44,988.6
1.030 0.750 0.965 0.950 5142 WASEONG 0.955 UNCH 429.3 0.955 0.52 740.0 0.955 0.670 0.820 0.780 5077 MAYBULK 0.780 UNCH 1519.3 0.797 780.0
0.485 0.345 7226 WATTA 0.415 35.1 2.636 2.054 5983 MBMR 2.160 13.10 2.08 844.3
2.170 1.471 1.910 1.890 7111 WEIDA 1.890 -0.020 49.3 1.899 18.26 1.59 252.0 1.322 0.655 0.700 0.695 4502 MEDIA 0.695 -0.005 531 0.697 11.51 770.9
2.349 1.741 2.130 2.080 7231 WELLCAL 2.080 -0.040 279.9 2.102 20.12 4.06 690.5 0.687 0.480 0.490 0.485 5090 MEDIAC 0.485 UNCH 423.7 0.486 2.13 6.33 818.3
0.525 0.229 0.400 0.395 6378 WMG 0.395 -0.015 41.9 0.396 168.3 1.070 0.550 7234 MESB 0.840 35.3
0.845 0.600 0.720 0.715 7050 WONG 0.720 UNCH 24 0.719 130.9 66.0 4.000 1.925 3.520 3.390 3069 MFCB 3.410 -0.110 1125.2 3.423 8.53 1.47 1,371.7
0.700 0.475 7025 WOODLAN 0.530 14.72 21.2 1.160 0.625 0.630 0.625 5186 MHB 0.630 0.005 255.1 0.629 1,008.0
2.084 1.836 5009 WTHORSE 1.980 20.93 5.05 475.2 7.752 6.720 7.430 7.240 3816 MISC 7.310 -0.140 1908.6 7.277 17.21 1.92 32,630.3
1.096 0.785 0.800 0.790 4243 WTK 0.790 UNCH 230.6 0.793 2.53 380.3 2.606 2.154 2.360 2.330 2194 MMCCORP 2.330 -0.040 471.2 2.330 14.42 1.72 7,095.0
1.380 0.953 1.080 1.060 7245 WZSATU 1.070 0.010 58.4 1.076 12.24 1.87 373.3 0.395 0.205 0.310 0.295 59 MMODE 0.310 0.005 639.9 0.297 1.94 50.4
0.865 0.745 5048 YILAI 0.745 34.49 119.2 0.100 0.045 0.045 0.045 43 MTRONIC 0.045 -0.005 1237 0.045 42.7
0.400 0.185 0.185 0.185 7020 YKGI 0.185 UNCH 159 0.185 64.4 0.280 0.115 0.170 0.165 3891 MUIIND 0.170 0.005 1136.7 0.168 498.5
0.700 0.380 0.450 0.420 7014 YLI 0.450 UNCH 20 0.440 11.36 1.11 46.3 3.050 1.950 2.420 2.320 3905 MULPHA 2.380 0.050 18.8 2.357 4.85 760.7
CONSTRUCTION 2.370 1.385 2.110 2.060 138 MYEG 2.070 -0.050 6009.6 2.077 37.16 0.66 7,465.1
1.200 0.735 1.060 1.010 5281 ADVCON 1.050 0.020 3448.5 1.042 14.73 422.2 0.910 0.315 0.710 0.690 9806 NATWIDE 0.700 -0.005 46 0.700 84.2
0.750 0.280 0.410 0.410 7007 ARK 0.410 -0.050 2 0.410 20.0 0.140 0.055 0.070 0.065 4464 NICORP 0.065 UNCH 4263.2 0.065 5.51 57.0
1.200 0.600 1.140 1.130 7078 AZRB 1.130 -0.020 555.5 1.140 14.54 1.77 600.6 0.828 0.631 5533 OCB 0.740 14.68 1.35 76.1
0.793 0.581 0.620 0.620 6173 BDB 0.620 UNCH 10 0.620 6.33 7.26 188.4 0.985 0.750 0.930 0.915 172 OCK 0.930 0.010 447.9 0.924 28.53 0.65 810.5
0.625 0.351 0.430 0.420 5190 BENALEC 0.430 0.005 505.8 0.426 30.71 1.63 349.1 3.460 1.775 2.750 2.720 5201 OLDTOWN 2.740 0.020 211 2.737 19.56 2.74 1,269.3
0.510 0.325 0.345 0.340 5932 BPURI 0.345 0.005 310 0.342 98.57 92.2 0.210 0.070 0.150 0.140 3018 OLYMPIA 0.145 -0.005 8612.4 0.145 30.21 148.4
1.052 0.777 0.925 0.900 8761 BREM 0.915 -0.020 223.7 0.916 63.99 1.64 316.1 2.540 1.160 1.180 1.160 5260 OWG 1.170 -0.010 591.5 1.170 47.18 301.3
1.220 0.849 1.100 1.050 8591 CRESBLD 1.060 -0.040 1368.6 1.068 8.80 3.77 187.5 0.498 0.380 0.390 0.385 8419 PANSAR 0.385 0.005 1.9 0.386 22.78 2.60 107.8
2.086 1.437 7528 DKLS 1.800 3.45 1.67 166.9 0.680 0.432 0.635 0.620 5125 PANTECH 0.630 UNCH 558.7 0.629 13.10 2.73 468.1
3.110 1.475 3.000 2.900 5253 ECONBHD 3.000 0.090 1626.2 2.940 19.88 1.50 1,605.0 0.885 0.510 0.530 0.515 5657 PARKSON 0.525 0.005 397.2 0.520 574.3
1.520 0.985 1.120 1.090 8877 EKOVEST 1.110 UNCH 2697.8 1.106 21.43 1.08 2,374.5 1.310 1.066 1.250 1.240 5041 PBA 1.240 UNCH 1.5 1.241 6.50 3.23 410.8
1.010 0.482 0.900 0.890 7047 FAJAR 0.895 UNCH 632.8 0.892 12.71 2.79 329.4 0.095 0.040 0.050 0.045 6254 PDZ 0.050 UNCH 724 0.045 43.5
1.370 0.885 1.250 1.220 9261 GADANG 1.220 -0.030 3125.5 1.231 9.15 2.30 802.5 1.250 0.867 0.980 0.975 5133 PENERGY 0.975 UNCH 57 0.977 2.05 313.7
5.459 4.541 5.340 5.300 5398 GAMUDA 5.340 UNCH 5393.4 5.313 19.86 2.25 13,097.9 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.730 0.815 1.700 1.680 5226 GBGAQRS 1.700 0.030 2187.6 1.693 18.46 730.9 0.155 0.040 0.045 0.045 47 PERISAI 0.045 -0.005 977.6 0.045 56.7
0.920 0.700 0.710 0.700 5169 HOHUP 0.705 -0.020 51.8 0.706 4.23 264.3 0.375 0.115 0.375 0.335 7080 PERMAJU 0.370 0.030 16701.6 0.360 72.5
1.778 1.440 1.530 1.480 6238 HSL 1.480 -0.040 188.4 1.499 16.65 1.62 862.4 1.770 1.510 1.670 1.630 5219 PESTECH 1.670 0.020 257.6 1.639 13.09 1,274.8
3.557 2.998 3.390 3.330 3336 IJM 3.360 UNCH 4168.7 3.372 18.24 2.23 12,189.5 25.100 22.389 24.700 24.220 5681 PETDAG 24.600 -0.100 127.1 24.43 24.33 2.93 24,439.0
0.740 0.561 0.655 0.645 5268 IKHMAS 0.650 UNCH 256 0.649 125.0 0.77 344.7 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.360 0.280 0.300 0.295 192 INTA 0.300 0.005 474.9 0.295 0.37 160.6 5.524 4.140 4.180 4.180 7081 PHARMA 4.180 UNCH 4.5 4.180 26.64 3.59 1,086.1
0.710 0.510 8834 IREKA 0.600 102.5 0.189 0.118 0.135 0.125 7201 PICORP 0.135 UNCH 523 0.129 4.52 88.8
1.790 0.975 1.380 1.350 4723 JAKS 1.370 0.010 1522.1 1.369 660.7 0.420 0.225 7163 PJBUMI 0.270 22.1
0.500 0.210 0.260 0.250 9083 JETSON 0.260 0.010 180 0.254 53.7 5.665 3.117 5.470 5.400 4634 POS 5.450 0.010 778.1 5.432 46.19 1.96 4,266.1
3.760 1.996 3.670 3.620 7161 KERJAYA 3.640 0.010 162.7 3.641 16.43 1.51 2,039.5 2.530 1.610 1.800 1.730 5204 PRESBHD 1.800 0.030 211.2 1.786 78.26 1.81 871.2
2.380 1.890 2.150 2.110 5171 KIMLUN 2.150 0.040 53.4 2.134 9.45 3.02 687.2 2.280 1.480 1.600 1.530 8346 PRKCORP 1.600 0.020 9 1.532 160.0
1.540 1.010 9628 LEBTECH 1.500 58.59 204.7 0.380 0.155 0.380 0.355 186 PTRANS 0.370 0.010 37301.2 0.369 15.61 1.22 422.9
1.240 0.684 0.830 0.820 5129 MELATI 0.830 UNCH 3 0.827 6.75 2.11 99.6 0.932 0.790 0.805 0.805 5272 RANHILL 0.805 UNCH 13 0.805 11.31 9.69 715.1
0.575 0.240 0.365 0.350 5006 MERGE 0.360 UNCH 134.4 0.355 257.14 24.1 0.360 0.165 0.290 0.280 37 RGB 0.290 UNCH 3466.7 0.287 14.29 2.07 388.1
1.407 1.070 1.110 1.080 9571 MITRA 1.080 -0.030 3076 1.093 6.44 4.63 744.6 0.360 0.305 0.330 0.330 8885 RPB 0.330 UNCH 5 0.330 283.3
1.340 0.640 1.300 1.270 7595 MLGLOBAL 1.280 0.010 525.6 1.280 23.02 505.1 0.687 0.390 0.405 0.390 8567 SALCON 0.390 -0.010 5014 0.396 264.3
0.440 0.250 5924 MTDACPI 0.290 67.2 1.147 0.770 0.810 0.770 5147 SAMCHEM 0.795 0.005 351.3 0.790 13.54 4.40 216.2
1.670 0.725 1.040 1.030 5085 MUDAJYA 1.030 -0.020 237.5 1.031 569.0 0.315 0.110 0.260 0.245 9113 SANBUMI 0.260 UNCH 996 0.257 58.9
2.950 2.046 2.950 2.870 5703 MUHIBAH 2.900 0.030 674.4 2.903 11.41 1.90 1,398.1 2.399 1.980 2.090 2.020 99 SCICOM 2.060 -0.030 44 2.061 15.87 4.37 732.2
0.724 0.385 0.570 0.560 8311 PESONA 0.570 -0.010 398.8 0.565 18.51 3.51 380.3 0.215 0.090 0.110 0.105 7158 SCOMI 0.110 -0.005 1088.2 0.110 210.9
2.490 1.132 2.090 2.040 7055 PLB 2.080 0.040 5 2.058 61.00 0.48 189.9 0.270 0.090 0.100 0.095 7045 SCOMIES 0.100 UNCH 190 0.095 234.2
1.273 0.924 1.030 1.010 5070 PRTASCO 1.020 0.010 386.8 1.019 16.69 5.88 433.2 1.160 0.950 0.970 0.950 7053 SEEHUP 0.950 -0.090 12 0.953 7.58 49.7
0.215 0.095 0.135 0.135 7145 PSIPTEK 0.135 UNCH 230.5 0.135 14.36 47.1 0.769 0.559 0.670 0.660 9792 SEG 0.670 0.010 218 0.664 26.27 5.22 847.0
4.270 3.125 3.920 3.880 9598 PTARAS 3.900 UNCH 501.9 3.900 17.57 5.13 643.4 1.911 1.120 1.430 1.390 5250 SEM 1.410 0.010 1008.8 1.409 40.52 1.63 1,739.1
1.390 0.430 1.140 1.110 5205 SENDAI 1.130 UNCH 1440.1 1.127 0.44 875.2 2.100 1.324 1.480 1.400 5218 SENERGY 1.470 0.060 8598.5 1.444 69.34 0.68 8,808.5
2.410 1.533 2.370 2.260 5263 SUNCON 2.300 0.010 2156.1 2.298 22.09 2.39 2,973.7 2.246 1.475 2.130 2.090 5279 SERBADK 2.110 UNCH 830.4 2.112 8.23 2,816.9
0.415 0.255 0.260 0.260 9717 SYCAL 0.260 -0.005 100 0.260 15.57 83.3 9.700 7.319 9.120 8.960 4197 SIME 9.070 0.070 3192.2 9.056 30.95 2.98 61,683.6
0.860 0.364 0.835 0.800 5054 TRC 0.810 -0.020 4651.9 0.814 10.06 2.35 389.2 0.789 0.650 9431 SJC 0.650 34.76 1.54 26.3
2.320 1.500 1.700 1.700 5622 TRIPLC 1.700 UNCH 9 1.700 10.82 116.7 1.380 1.080 1.160 1.090 5242 SOLID 1.110 -0.010 139.3 1.114 36.04 0.72 185.8
0.825 0.430 0.660 0.640 5042 TSRCAP 0.660 0.005 6.1 0.640 10.87 115.1 2.550 2.140 2.380 2.360 6084 STAR 2.370 UNCH 701.5 2.373 42.25 6.33 1,750.4
0.145 0.110 0.140 0.130 7070 VIZIONE 0.135 0.005 24453.9 0.136 122.73 118.1 3.090 2.262 9865 SUIWAH 2.850 17.08 1.23 173.9
1.680 0.890 1.270 1.240 3565 WCEHB 1.260 0.020 814.3 1.250 32.98 1,263.4 0.100 0.045 0.050 0.045 1201 SUMATEC 0.050 UNCH 2656.9 0.046 193.3
2.467 1.546 1.770 1.740 9679 WCT 1.760 UNCH 756.7 1.751 27.67 1.69 2,491.0 4.400 2.850 4.330 4.280 5211 SUNWAY 4.300 UNCH 1437.6 4.301 13.96 2.07 9,032.5
0.670 0.535 0.610 0.590 7028 ZECON 0.600 -0.010 158.9 0.598 1.39 71.5 2.257 1.865 2.140 2.100 6521 SURIA 2.110 -0.020 56.5 2.117 9.93 3.32 608.1
0.200 0.100 0.120 0.120 2283 ZELAN 0.120 UNCH 236.3 0.120 101.4 0.345 0.235 0.250 0.245 5173 SYSCORP 0.250 UNCH 190.1 0.248 52.08 300.0
TRADING SERVICES 0.490 0.285 0.390 0.370 7228 T7GLOBAL 0.385 0.010 670.7 0.379 15.71 146.9
0.550 0.350 0.370 0.365 5238 AAX 0.370 0.005 4537.3 0.366 18.05 1,534.8 1.722 1.370 1.390 1.380 8524 TALIWRK 1.390 0.010 12 1.389 26.23 5.76 1,681.2
0.250 0.135 0.155 0.150 5166 AEGB 0.155 0.005 447 0.152 63.5 2.667 1.419 2.480 2.460 5140 TASCO 2.460 0.020 14.3 2.474 15.52 1.83 492.0
2.960 1.980 2.020 2.020 6599 AEON 2.020 UNCH 399 2.020 35.50 1.49 2,836.1 14.800 12.832 14.420 14.300 5347 TENAGA 14.400 0.020 7010.4 14.40 11.71 2.71 81,489.8
0.435 0.160 0.345 0.325 7315 AHB 0.340 0.015 964.9 0.333 11.64 54.4 1.573 1.070 8702 TEXCHEM 1.150 62.16 17.39 142.7
3.468 2.086 3.400 3.340 5099 AIRASIA 3.400 0.020 6245.9 3.384 6.45 5.29 11,362.7 0.195 0.045 0.055 0.050 7206 THHEAVY 0.050 -0.005 788.7 0.054 56.1
9.336 5.838 9.060 8.920 5014 AIRPORT 9.060 0.010 478.2 9.028 130.74 1.21 15,032.3 6.698 5.690 6.480 6.380 4863 TM 6.400 UNCH 1065.2 6.397 31.98 3.38 24,050.8
0.370 0.110 0.185 0.165 5115 ALAM 0.175 0.015 3411 0.172 161.8 0.990 0.735 0.740 0.735 101 TMCLIFE 0.735 -0.010 1317.9 0.736 61.25 0.16 1,276.1
0.270 0.070 0.090 0.085 159 AMEDIA 0.085 -0.005 427.5 0.088 20.4 1.806 1.459 1.600 1.590 8397 TNLOGIS 1.590 UNCH 36.6 1.591 9.81 1.26 727.2
8.507 7.050 7.300 7.290 6351 AMWAY 7.300 0.010 10.5 7.298 21.96 2.74 1,200.0 1.060 0.380 0.640 0.590 7218 TOCEAN 0.595 -0.120 135.4 0.603 37.19 24.4
2.378 2.133 2.170 2.160 7083 ANALABS 2.160 UNCH 10 2.163 10.84 1.50 129.7 1.000 0.735 0.760 0.760 5167 TURBO 0.760 0.020 3 0.760 26.95 6.58 82.1
0.085 0.015 0.025 0.020 5194 APFT 0.025 UNCH 2940.5 0.023 25.8 2.892 2.400 7137 UMS 2.700 17.11 2.22 109.9
0.825 0.500 0.745 0.725 5210 ARMADA 0.735 UNCH 7394.9 0.735 1.12 4,311.7 0.945 0.280 0.310 0.295 5243 UMWOG 0.305 0.005 15578 0.303 659.4
0.220 0.100 0.145 0.140 1481 ASB 0.145 0.005 463.3 0.145 34.52 1.72 98.2 1.294 1.040 7091 UNIMECH 1.040 16.15 2.88 136.4
2.863 2.466 2.650 2.610 6399 ASTRO 2.630 -0.010 1069.5 2.627 22.12 4.37 13,701.0 0.730 0.365 5754 UTUSAN 0.410 45.4
4.836 4.000 4.270 4.150 7048 ATLAN 4.270 0.070 8.7 4.151 21.54 3.75 1,083.1 1.980 1.280 1.330 1.290 7250 UZMA 1.330 0.040 98 1.299 13.21 425.6
1.180 0.739 1.070 1.050 7579 AWC 1.070 -0.010 415.9 1.059 12.94 1.40 286.0 1.080 0.600 1.030 1.010 7240 VOIR 1.030 -0.010 142.4 1.017 735.7 149.6
5.681 4.085 5.060 4.960 6888 AXIATA 4.990 -0.060 6854.3 4.993 75.15 1.60 44,900.8 2.140 1.655 1.990 1.990 5016 WARISAN 1.990 -0.100 0.1 1.990 1.51 133.7
0.653 0.272 0.505 0.470 5021 AYS 0.500 0.015 2817.8 0.493 8.21 5.00 190.2 0.580 0.420 7692 WIDETEC 0.580 35.15 26.0
0.740 0.430 0.450 0.430 7251 BARAKAH 0.430 UNCH 1513.9 0.436 355.0 4.340 3.542 3.820 3.750 5246 WPRTS 3.820 0.030 750.4 3.776 21.87 3.42 13,026.2
2.209 1.840 1.890 1.850 5248 BAUTO 1.880 0.030 1918.7 1.879 18.32 6.20 2,170.6 1.448 1.020 1.130 1.070 5267 XINHWA 1.080 UNCH 1419 1.093 22.98 0.93 233.3
0.495 0.365 0.380 0.380 7241 BHS 0.380 UNCH 299 0.380 174.2 0.075 0.020 0.045 0.040 7122 YFG 0.045 0.005 441 0.040 27.4
0.280 0.170 0.170 0.170 6998 BINTAI 0.170 UNCH 140 0.170 49.2 3.679 2.794 3.640 3.620 7293 YINSON 3.630 -0.010 563.7 3.639 16.90 0.55 3,966.9
6.567 5.860 5032 BIPORT 5.900 17.61 3.73 2,714.0 1.715 1.390 1.430 1.410 4677 YTL 1.410 -0.020 3649.1 1.414 18.46 3.55 15,383.9
2.760 1.547 2.600 2.500 5275 BISON 2.550 -0.050 34.6 2.552 40.03 0.78 790.7 FINANCE
0.410 0.306 0.330 0.325 3395 BJCORP 0.325 UNCH 2661.9 0.325 11.44 1,600.2 13.674 11.980 12.520 12.400 5139 AEONCR 12.420 -0.020 39.8 12.41 10.15 3.38 2,682.7
1.956 1.380 1.480 1.470 5196 BJFOOD 1.470 UNCH 30 1.480 48.51 560.6 2.949 2.018 2.560 2.530 5185 AFFIN 2.560 0.030 197.2 2.544 8.58 2.93 4,973.9
0.700 0.400 0.405 0.405 4219 BJLAND 0.405 UNCH 145.9 0.405 6.85 2,025.1 4.400 3.446 3.840 3.760 2488 AFG 3.820 0.070 697.1 3.802 11.34 4.19 5,913.8
0.470 0.205 0.285 0.285 6025 BJMEDIA 0.285 UNCH 0.9 0.285 67.0 15.600 9.492 14.540 14.500 1163 ALLIANZ 14.520 UNCH 170.3 14.52 8.46 0.62 2,533.8
3.258 2.250 2.280 2.260 1562 BJTOTO 2.270 -0.010 518.3 2.268 12.90 6.17 3,066.8 15.100 9.511 1163PA ALLIANZ-PA 14.000 0.77 1,215.9
0.135 0.092 0.100 0.095 7036 BORNOIL 0.100 UNCH 6690.1 0.096 10.87 454.6 5.551 3.754 4.340 4.290 1015 AMBANK 4.320 0.030 8094.8 4.316 9.76 4.07 13,021.3
0.875 0.505 0.540 0.515 9474 BRAHIMS 0.540 0.025 49.4 0.516 127.6 1.934 1.263 1.420 1.420 5088 APEX 1.420 -0.100 1 1.420 19.37 3.52 303.3
2.789 2.510 2.700 2.670 2771 BSTEAD 2.700 UNCH 175 2.689 22.48 5.19 5,472.9 4.610 3.782 4.380 4.300 5258 BIMB 4.380 0.050 867.9 4.378 12.43 2.97 7,173.3
0.395 0.280 5257 CARIMIN 0.290 67.8 10.760 7.782 10.000 9.750 1818 BURSA 10.000 0.140 806.5 9.952 25.47 3.70 5,375.0
1.990 1.300 1.700 1.700 5245 CARING 1.700 0.020 2 1.700 28.19 0.88 370.1 7.080 4.394 6.810 6.720 1023 CIMB 6.750 -0.010 6843.3 6.757 14.37 2.96 61,101.7
3.397 2.130 2.260 2.260 2925 CCB 2.260 -0.010 11 2.260 11.86 2.21 227.7 0.705 0.320 0.550 0.520 2143 ECM 0.545 -0.005 771 0.531 58.60 156.2
1.440 0.835 1.050 1.020 7117 CENTURY 1.030 -0.010 737.2 1.037 21.91 2.91 404.5 1.218 1.065 1.160 1.160 5228 ELKDESA 1.160 UNCH 42.2 1.160 11.78 5.79 341.5
0.470 0.385 7209 CHEETAH 0.445 29.28 1.69 56.8 16.300 12.501 15.460 15.260 5819 HLBANK 15.400 -0.060 464.7 15.39 14.69 2.66 33,382.9
1.490 0.832 1.310 1.300 5273 CHINHIN 1.310 0.010 148.1 1.304 15.96 3.05 698.1 10.100 7.327 5274 HLCAP 9.980 30.43 1.20 2,464.0
0.675 0.393 0.540 0.525 7016 CHUAN 0.530 0.015 166.5 0.534 11.91 3.40 89.4 17.735 13.892 17.000 16.680 1082 HLFG 17.000 0.220 102.6 16.93 12.91 2.24 19,507.8
0.100 0.065 0.075 0.070 5104 CNI 0.075 UNCH 120.1 0.070 4.00 54.0 2.610 2.590 6688 HWANG 2.610 20.03 1.15 666.0
1.240 0.650 5136 COMPLET 0.780 13.00 96.5 1.140 0.642 0.980 0.970 3379 INSAS 0.970 -0.010 874.1 0.973 3.56 1.03 672.5
0.040 0.020 0.030 0.025 5037 COMPUGT 0.030 0.005 9344 0.026 64.0 0.970 0.892 0.960 0.955 3379PA INSAS-PA 0.960 UNCH 26 0.956 6.25 127.3
2.820 1.936 2.420 2.390 5184 CYPARK 2.420 0.030 90.5 2.403 12.40 2.15 631.4 0.395 0.120 0.310 0.305 3441 JOHAN 0.310 0.005 5093.8 0.306 193.1
0.865 0.482 0.590 0.575 5276 DANCO 0.590 0.005 197.1 0.577 14.68 2.54 175.8 0.690 0.415 0.530 0.525 6483 KENANGA 0.525 UNCH 83.1 0.525 32.21 4.29 379.3
0.105 0.050 0.065 0.060 91 DAYA 0.065 UNCH 2865 0.060 124.1 19.302 15.214 17.880 17.840 8621 LPI 17.840 UNCH 14.1 17.85 19.88 4.60 5,922.6
1.290 0.730 0.935 0.915 5141 DAYANG 0.935 0.005 380.5 0.923 902.1 0.917 0.800 0.825 0.820 1198 MAA 0.825 UNCH 16 0.822 10.91 225.7
1.126 0.755 0.805 0.785 5132 DELEUM 0.800 0.010 49.9 0.800 15.07 4.06 320.2 3.260 2.625 3.150 3.150 1058 MANULFE 3.150 UNCH 0.8 3.150 11.66 3.33 637.5
0.895 0.580 0.590 0.580 7212 DESTINI 0.590 0.010 771.3 0.580 20.27 681.6 9.840 7.250 9.480 9.420 1155 MAYBANK 9.470 0.050 10042.4 9.466 12.81 5.49 100,113
2.080 1.426 2.080 2.040 7277 DIALOG 2.050 -0.030 5681.3 2.052 29.84 1.17 11,565.4 1.380 0.816 1.270 1.250 1171 MBSB 1.260 -0.020 1373.1 1.260 23.82 2.38 7,464.8
6.537 4.312 5908 DKSH 4.900 17.10 1.94 772.5 2.840 2.440 2.600 2.550 6459 MNRB 2.560 -0.070 48.8 2.567 8.77 818.2
0.690 0.221 0.485 0.470 4456 DNEX 0.475 UNCH 12475.6 0.478 12.06 1.05 832.7 1.830 1.160 1.450 1.420 5237 MPHBCAP 1.440 -0.020 71.1 1.434 17.16 1,029.6
1.591 1.040 1.070 1.050 5216 DSONIC 1.060 -0.010 1208.3 1.061 25.12 3.77 1,431.0 1.309 1.250 1.260 1.250 6009 P&O 1.260 UNCH 61.4 1.258 19.66 7.70 309.9
0.295 0.155 0.165 0.160 2097 EASTLND 0.165 UNCH 36 0.165 40.5 20.740 18.835 20.620 20.540 1295 PBBANK 20.600 UNCH 4036.8 20.58 15.00 2.86 79,972.0
0.860 0.350 0.410 0.390 5259 EATECH 0.390 -0.015 631.7 0.395 5.77 196.6 1.887 1.071 1.660 1.640 9296 RCECAP 1.660 0.010 158 1.650 6.73 1.81 589.2
0.370 0.200 0.225 0.225 5036 EDARAN 0.225 UNCH 20 0.225 13.5 5.550 4.473 5.090 5.020 1066 RHBBANK 5.070 0.020 2377.3 5.075 11.49 2.37 20,330.9
0.290 0.165 0.215 0.200 7471 EDEN 0.205 0.005 3739.8 0.206 63.8 0.708 0.422 0.670 0.660 4898 TA 0.660 -0.015 806.3 0.665 3.10 2.58 1,129.9
3.341 2.213 2.700 2.620 1368 EDGENTA 2.650 0.020 407.6 2.635 18.03 3.02 2,203.8 4.250 3.800 3.950 3.840 6139 TAKAFUL 3.850 -0.050 369.6 3.859 17.01 4.07 3,169.1
0.590 0.220 0.335 0.325 64 EFFICEN 0.330 0.005 997.6 0.328 234.0 1.629 0.980 1.090 1.070 5230 TUNEPRO 1.090 0.010 976.5 1.080 14.67 4.77 819.4
1.000 0.776 5081 EIG 0.880 18.49 2.56 208.7 PROPERTIES
2.087 1.090 1.700 1.680 5208 EITA 1.700 0.010 33.1 1.690 11.30 2.35 221.0 0.852 0.713 0.800 0.785 1007 AMPROP 0.785 -0.015 59.1 0.787 46.18 3.82 477.6
1.508 1.102 1.180 1.160 5056 ENGTEX 1.180 0.010 659.8 1.166 6.78 0.85 434.9 1.850 0.990 1.370 1.360 5959 A&M 1.360 -0.010 25.4 1.362 26.88 496.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY S E PT E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
0.430 0.345 0.405 0.400 1007PA AMPROP-PA 0.400 0.005 28.4 0.401 5.00 116.0 1.750 0.626 1.370 1.340 8 WILLOW 1.340 -0.030 390.5 1.347 16.34 1.49 332.3
0.230 0.145 0.160 0.150 4057 ASIAPAC 0.155 0.005 2330.8 0.150 17.42 155.8 INFRASTRUCTURE PROJECT COMPANIES
0.550 0.420 0.435 0.435 6602 BCB 0.435 UNCH 41.5 0.435 8.84 179.4 5.087 4.583 4.860 4.810 6947 DIGI 4.860 0.040 1666.1 4.854 24.45 4.05 37,786.5
0.665 0.430 0.430 0.430 9814 BERTAM 0.430 -0.010 6.1 0.430 1.79 88.9 6.150 5.431 5.880 5.850 6645 LITRAK 5.880 -0.100 565.1 5.876 14.38 5.10 3,098.4
1.400 0.720 1.250 1.190 3239 BJASSET 1.240 0.010 805.4 1.223 1,474.5 0.372 0.221 0.250 0.240 5078 M&G 0.245 -0.005 1016.2 0.245 20.41 177.4
1.500 1.030 1.210 1.210 5738 CHHB 1.210 UNCH 2 1.210 333.6 1.180 0.740 0.775 0.750 6807 PUNCAK 0.755 -0.010 456.1 0.757 339.2
1.706 1.390 1.500 1.400 6718 CRESNDO 1.500 0.020 18.2 1.480 6.15 3.33 420.7 9.900 7.284 9.460 9.400 5031 TIMECOM 9.440 -0.020 358.5 9.435 21.09 2.11 5,488.9
1.720 1.235 1.630 1.620 5049 CVIEW 1.620 UNCH 12 1.622 5.42 9.26 162.0 1.539 1.400 1.420 1.400 6742 YTLPOWR 1.410 UNCH 2503.5 1.409 16.23 3.55 11,481.8
2.390 2.100 2.260 2.250 5355 DAIMAN 2.260 UNCH 58 2.259 20.07 2.43 479.6 CLOSED-END FUNDS
1.040 0.500 0.525 0.520 3484 DBHD 0.525 0.005 44.8 0.522 162.4 2.690 2.290 2.680 2.680 5108 ICAP 2.680 -0.010 0.1 2.680 233.04 375.2
2.130 1.400 1.570 1.550 3417 E&O 1.550 UNCH 227.2 1.555 18.70 1.94 2,056.4 EXCHANGE TRADED FUNDS
0.325 0.250 0.295 0.290 3557 ECOFIRS 0.295 UNCH 116.3 0.292 15.13 236.9 1.137 1.070 0800EA ABFMY1 1.137 5.00 1,501.3
1.720 1.260 1.570 1.560 8206 ECOWLD 1.560 UNCH 334.9 1.565 18.51 4,593.2 1.960 1.680 0822EA CIMBA40 1.945 3.80 2.6
0.920 0.570 0.780 0.755 6076 ENCORP 0.780 -0.010 97 0.770 5.97 217.3 1.670 1.290 1.620 1.620 0823EA CIMBC50 1.620 -0.045 2.5 1.620 15.8
3.180 1.850 8613 ENRA 2.680 32.48 1.12 365.0 1.865 1.700 0820EA FBMKLCI-EA 1.850 1.78 3.1
1.240 0.740 1.060 1.050 6815 EUPE 1.050 -0.010 78.5 1.053 134.4 1.070 0.977 0826EA METFAPA 1.040 19.8
1.360 1.000 1.080 1.070 5283 EWINT 1.080 UNCH 314.2 1.070 2,592.0 0.952 0.900 0.900 0.900 0825EA METFSID 0.900 -0.010 2 0.900 2.60 47.7
0.617 0.468 0.520 0.515 6041 FARLIM 0.515 0.005 7.5 0.516 5.88 3.88 72.3 1.115 1.045 0821EA MYETFDJ 1.105 2.02 307.1
0.787 0.610 0.650 0.650 5020 GLOMAC 0.650 UNCH 2.1 0.650 4.33 4.62 473.1 1.110 1.010 0824EA MYETFID 1.100 1.38 55.9
0.523 0.367 0.400 0.390 9962 GMUTUAL 0.390 UNCH 24 0.395 8.84 5.13 146.5 REITS
0.470 0.290 0.400 0.370 1147 GOB 0.390 0.020 2950.7 0.392 7.98 1.28 177.3 1.039 0.880 0.905 0.880 4952 AHP 0.905 UNCH 36.1 0.896 68.05 4.64 199.1
1.450 1.110 1.160 1.130 1503 GUOCO 1.160 0.010 167 1.146 6.38 1.72 812.5 1.659 1.415 1.500 1.490 5116 ALAQAR 1.500 0.010 268.1 1.500 18.18 5.03 1,092.3
0.570 0.370 7010 HOOVER 0.485 47.55 19.4 1.050 0.995 1.030 1.020 5269 ALSREIT 1.030 0.010 465 1.026 12.00 6.07 597.4
1.407 0.800 0.835 0.820 5062 HUAYANG 0.820 -0.010 193.1 0.826 7.45 4.88 288.6 0.828 0.710 0.715 0.710 5120 AMFIRST 0.715 0.005 106.5 0.711 21.80 5.68 490.8
0.648 0.532 0.570 0.560 4251 IBHD 0.565 UNCH 771.4 0.564 8.03 3.33 569.4 0.980 0.858 0.950 0.950 5127 ARREIT 0.950 0.005 100.7 0.950 13.81 5.91 544.6
1.050 0.755 0.890 0.860 5084 IBRACO 0.865 0.015 14.4 0.866 30.67 4.05 429.4 1.170 0.978 5130 ATRIUM 1.140 22.71 5.96 138.9
2.938 2.318 2.830 2.820 1597 IGB 2.830 UNCH 338.2 2.830 9.84 3.53 3,862.4 1.689 1.497 1.600 1.590 5106 AXREIT 1.600 0.010 28.3 1.594 16.63 5.29 1,768.3
2.312 1.798 2.040 2.000 5249 IOIPG 2.040 0.040 5149.5 2.028 11.17 2.94 11,232.5 1.664 1.422 1.470 1.450 5180 CMMT 1.470 -0.010 177 1.461 19.60 5.69 2,990.9
0.620 0.370 0.395 0.390 5175 IVORY 0.390 -0.005 161.8 0.393 20.74 191.1 1.532 1.192 1.280 1.270 5121 HEKTAR 1.280 0.010 198.7 1.275 12.44 8.93 590.8
3.290 0.785 1.290 1.260 1589 IWCITY 1.290 0.020 2765.2 1.274 1,080.2 1.750 1.406 1.710 1.700 5227 IGBREIT 1.710 UNCH 2226.9 1.710 21.16 5.08 5,999.1
0.161 0.095 0.105 0.100 6769 JKGLAND 0.100 UNCH 752.9 0.102 14.71 2.30 227.5 1.008 0.881 0.940 0.940 5280 KIPREIT 0.940 0.005 180.9 0.940 22.27 3.11 475.0
0.085 0.040 0.070 0.065 3115 KBUNAI 0.070 UNCH 5818 0.065 15.22 404.4 8.007 7.187 7.880 7.800 5235SS KLCC 7.810 0.020 1266 7.810 16.02 4.56 14,099.7
1.100 0.798 7323 KEN 0.930 4.28 2.69 178.3 1.320 1.129 1.310 1.290 5123 MQREIT 1.300 0.020 146.5 1.300 16.01 9.76 1,388.4
1.330 0.995 1.270 1.240 5038 KSL 1.270 0.030 466.1 1.263 4.14 1,317.6 1.866 1.551 1.730 1.710 5212 PAVREIT 1.730 0.010 496.7 1.722 17.27 4.65 5,242.1
0.312 0.210 0.220 0.215 3174 L&G 0.215 -0.005 8257.4 0.216 7.21 629.7 1.749 1.547 1.730 1.710 5176 SUNREIT 1.720 UNCH 3818.8 1.719 11.94 5.34 5,065.5
1.287 1.051 1.080 1.080 8494 LBICAP 1.080 -0.050 4.4 1.080 9.72 87.0 1.220 1.095 1.210 1.200 5111 TWRREIT 1.200 -0.010 82 1.208 17.22 5.78 336.6
2.057 1.546 1.920 1.890 5789 LBS 1.900 -0.010 516.2 1.905 11.82 2.11 1,288.7 1.796 1.561 1.650 1.640 5110 UOAREIT 1.640 -0.010 61.1 1.650 15.46 5.76 693.5
0.460 0.235 0.375 0.350 3573 LIENHOE 0.365 UNCH 120.8 0.363 132.0 1.209 1.019 1.200 1.180 5109 YTLREIT 1.200 0.020 716.2 1.189 5.83 2,045.3
1.690 0.941 1.420 1.420 7617 MAGNA 1.420 0.030 2.1 1.420 71.00 4.23 475.6 SPAC
1.625 1.281 1.480 1.460 8583 MAHSING 1.470 -0.020 678 1.472 11.02 4.42 3,554.1 0.720 0.675 5234 CLIQ 0.720 454.3
1.940 0.594 1.020 1.000 6181 MALTON 1.000 -0.010 1131.8 1.011 7.99 2.50 527.8 0.480 0.460 5241 SONA 0.475 670.1
2.828 2.280 2.820 2.800 5236 MATRIX 2.800 -0.010 543.6 2.813 8.96 4.91 1,642.6
1.880 1.000 1.530 1.530 7189 MBWORLD 1.530 UNCH 60.1 1.530 6.36 240.8
1.200 0.750 5182 MCT 0.910 19.16 1,214.6
0.525 0.405 0.425 0.410 5040 MEDAINC 0.425 0.005 415 0.420 209.3
1.020 0.680 0.860 0.850 1694 MENANG 0.860 0.005 156.7 0.857 7.18 229.7
0.605 0.250
2.614 2.080
0.360 0.260
0.410
2.120
0.265
0.395
2.080
0.260
8141
6114
8893
MJPERAK
MKH
MKLAND
0.400
2.080
0.265
UNCH
-0.040
UNCH
473.7
548.8
94.2
0.403 95.24
2.097 5.36
0.265 17.67
5.35
3.25

102.8
1,167.5
319.9
Ace Market
0.215 0.085 0.150 0.150 6548 MPCORP 0.150 0.010 50 0.150 43.1 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
1.761 1.130 1.190 1.170 1651 MRCB 1.190 0.010 488.1 1.181 9.98 2.31 2,609.2 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.080 0.595 9539 MUH 0.600 33.9
0.365 0.230 0.285 0.285 3913 MUIPROP 0.285 UNCH 270 0.285 316.67 217.8 CONSUMER PRODUCTS
1.900 1.140 1.160 1.140 5073 NAIM 1.150 UNCH 18.6 1.152 287.5 0.285 0.195 0.255 0.245 179 BIOHLDG 0.250 Unch 6736.1 0.250 19.53 201.9
2.978 2.192 5827 OIB 2.320 8.73 3.02 336.1 0.310 0.200 0.240 0.225 170 KANGER 0.235 0.005 768 0.233 24.74 187.6
1.710 1.346 1.640 1.610 5053 OSK 1.640 UNCH 339 1.627 9.31 4.57 2,300.7 0.450 0.200 0.365 0.350 148 SUNZEN 0.355 -0.005 576.6 0.356 126.79 171.2
1.880 1.278 1.820 1.780 1724 PARAMON 1.800 UNCH 352.3 1.799 11.80 4.72 763.7 0.065 0.025 0.065 0.055 95 XINGHE 0.055 -0.010 39386.6 0.060 5.24 129.2
0.695 0.445 0.600 0.595 6912 PASDEC 0.595 UNCH 191 0.599 170.2 INDUSTRIAL PRODUCTS
1.820 1.540 1.680 1.580 5075 PLENITU 1.680 -0.020 17.7 1.589 12.73 2.68 641.0 0.245 0.137 0.165 0.160 105 ASIAPLY 0.165 Unch 319 0.164 18.13 3.03 55.0
0.365 0.225 0.350 0.340 2208 PTGTIN 0.340 UNCH 75.1 0.347 117.7 0.095 0.030 0.045 0.035 72 AT 0.040 Unch 20773.6 0.040 49.5
1.270 0.900 1.010 1.010 4596 SAPRES 1.010 0.010 12 1.010 1.35 2.97 141.0 0.445 0.245 0.325 0.305 163 CAREPLS 0.325 0.020 4267.9 0.315 58.04 0.92 157.1
0.820 0.665 0.675 0.670 5207 SBCCORP 0.670 -0.005 28.6 0.673 157.3 0.330 0.085 0.200 0.195 102 CONNECT 0.195 -0.005 476.3 0.197 20.97 62.7
1.160 0.785 1.110 1.090 2224 SDRED 1.100 0.010 102 1.100 8.42 2.27 468.7 0.529 0.335 0.355 0.355 100 ESCERAM 0.355 0.015 10 0.355 11.45 1.69 73.0
0.580 0.370 0.435 0.430 4286 SEAL 0.435 -0.005 329.6 0.431 32.22 105.7 0.350 0.215 0.295 0.270 175 HHGROUP 0.285 0.010 1889.4 0.285 203.57 88.0
2.926 2.761 2.900 2.810 6017 SHL 2.900 0.090 3.1 2.813 8.69 6.90 702.2 0.145 0.065 0.105 0.100 160 HHHCORP 0.105 Unch 330.1 0.101 16.67 35.0
0.305 0.135 0.230 0.225 4375 SMI 0.230 UNCH 218.2 0.229 1.70 48.3 0.555 0.165 0.350 0.330 162 IJACOBS 0.335 0.005 1464.3 0.336 19.25 45.5
1.000 0.690 0.800 0.800 5213 SNTORIA 0.800 UNCH 20 0.800 11.16 399.3 0.165 0.095 0.135 0.130 24 JAG 0.135 Unch 1628 0.132 18.24 0.74 170.9
5.190 4.211 4.860 4.860 1783 SPB 4.860 UNCH 6 4.860 10.91 2.47 1,670.0 0.250 0.125 0.200 0.190 25 LNGRES 0.195 0.005 610.8 0.193 17.41 47.2
4.311 2.970 3.650 3.510 8664 SPSETIA 3.570 0.020 3057.5 3.576 5.21 5.60 10,661.2 0.150 0.040 0.055 0.050 70 MQTECH 0.050 Unch 9525.4 0.050 20.7
1.590 0.820 1.400 1.400 3743 SUNSURIA 1.400 -0.010 5 1.400 13.71 1,118.4 0.860 0.361 0.690 0.675 49 OCNCASH 0.690 0.015 729.5 0.686 13.94 1.01 153.9
1.035 0.604 0.885 0.885 1538 SYMLIFE 0.885 0.005 30 0.885 7.85 3.39 274.4 0.610 0.130 0.295 0.280 38 PTB 0.280 -0.005 509.7 0.285 42.1
0.410 0.215 0.380 0.365 5158 TAGB 0.375 0.005 3163 0.373 7.64 1.07 1,995.6 0.315 0.150 0.210 0.165 133 SANICHI 0.170 -0.015 18252.6 0.184 48.7
7.600 6.135 2305 TAHPS 7.010 31.68 0.71 524.7 0.060 0.025 109 SCBUILD 0.030 26.5
0.055 0.035 0.050 0.045 2259 TALAMT 0.050 UNCH 2655.2 0.050 211.0 0.220 0.110 0.170 0.165 1 SCOMNET 0.165 -0.005 896.7 0.168 16.02 40.1
1.465 1.190 1.210 1.190 5191 TAMBUN 1.200 -0.010 232.6 1.201 4.93 8.33 520.0 0.289 0.142 0.235 0.225 28 SCOPE 0.225 -0.010 90 0.228 27.44 2.22 126.1
0.140 0.055 0.100 0.095 2429 TANCO 0.095 UNCH 150 0.100 62.9 0.290 0.115 0.180 0.170 55 SERSOL 0.175 Unch 802.2 0.175 37.7
0.315 0.170 7889 THRIVEN 0.245 92.3 0.975 0.178 0.965 0.900 84 TECFAST 0.955 0.045 4553.1 0.942 40.99 0.52 163.4
0.085 0.040 0.060 0.055 7079 TIGER 0.060 UNCH 2282.1 0.055 88.3 TECHNOLOGY
1.930 1.420 1.510 1.460 5239 TITIJYA 1.480 UNCH 570.3 1.471 7.57 0.34 606.8 0.995 0.160 0.840 0.800 18 ACCSOFT 0.830 0.030 71.1 0.815 691.2
1.044 0.937 0.955 0.945 5401 TROP 0.950 UNCH 240.5 0.947 9.24 2.60 1,392.5 0.750 0.160 0.620 0.590 181 AEMULUS 0.610 0.005 7342.7 0.607 73.49 267.7
1.360 0.995 1.160 1.150 5148 UEMS 1.150 -0.010 1000.3 1.152 21.30 1.39 5,218.1 0.455 0.155 0.345 0.335 119 APPASIA 0.340 0.005 201.1 0.341 106.7
2.680 2.096 2.630 2.580 5200 UOADEV 2.600 -0.010 548.1 2.599 6.29 5.77 4,509.0 0.450 0.145 0.180 0.145 68 ASDION 0.180 0.030 1229.2 0.164 20.9
0.525 0.229 0.400 0.395 6378 WMG 0.395 -0.015 41.9 0.396 168.3 1.100 0.615 0.675 0.640 98 BAHVEST 0.645 -0.015 189.1 0.658 387.0
1.279 0.866 7003 Y&G 0.955 11.40 190.4 0.770 0.615 0.625 0.625 191 CABNET 0.625 Unch 30 0.625 10.25 81.3
1.630 1.330 1.410 1.330 3158 YNHPROP 1.400 UNCH 1725.2 1.375 21.94 740.6 0.065 0.030 0.050 0.045 152 DGB 0.050 Unch 858.6 0.045 26.9
1.610 1.070 1.460 1.430 7066 YONGTAI 1.440 UNCH 796.4 1.447 40.79 627.4 0.075 0.025 0.035 0.035 131 DGSB 0.035 Unch 1069.7 0.035 58.33 47.5
0.670 0.550 0.560 0.555 2577 YTLLAND 0.560 0.010 72.6 0.556 55.45 472.8 0.120 0.050 0.075 0.070 154 EAH 0.075 0.005 3078 0.071 37.50 111.8
MINING 0.260 0.120 0.130 0.125 107 EDUSPEC 0.130 Unch 199.8 0.126 22.81 121.3
1.600 1.150 1.600 1.510 2186 KUCHAI 1.570 0.020 704 1.583 0.54 194.3 0.295 0.060 0.245 0.245 116 FOCUS 0.245 -0.010 82 0.245 190.4
PLANTATIONS 1.220 0.815 1.150 1.080 104 GENETEC 1.100 -0.020 147.7 1.100 39.0
0.285 0.195 7054 AASIA 0.205 205.0 135.3 0.759 0.431 0.615 0.605 39 GFM 0.615 Unch 148.2 0.608 25.10 2.36 263.3
19.575 17.198 18.900 18.700 1899 BKAWAN 18.720 -0.180 23.1 18.898 11.91 2.94 8,161.0 0.090 0.030 0.075 0.070 45 GNB 0.075 0.005 1879.1 0.070 21.7
8.639 8.380 5069 BLDPLNT 8.450 50.78 0.47 790.1 0.185 0.070 0.160 0.160 74 GOCEAN 0.160 Unch 50 0.160 266.67 42.1
1.666 1.349 1.620 1.610 5254 BPLANT 1.610 UNCH 132.5 1.614 16.72 8.70 2,576.0 0.100 0.040 0.055 0.055 174 IDMENSN 0.055 Unch 697.6 0.055 27.2
1.000 0.648 0.930 0.915 8982 CEPAT 0.925 UNCH 637.2 0.920 8.83 1.62 294.6 0.533 0.227 0.395 0.370 23 IFCAMSC 0.390 0.010 6588.5 0.384 22.94 1.28 237.2
8.244 7.360 1929 CHINTEK 7.850 40.40 2.42 717.2 0.100 0.060 0.070 0.065 94 INIX 0.070 Unch 22 0.070 25.93 17.7
0.650 0.385 0.610 0.590 3948 DUTALND 0.605 0.005 3541.5 0.601 38.78 511.9 0.220 0.100 0.170 0.165 10 IRIS 0.165 -0.005 1420.2 0.166 407.9
9.100 7.205 5029 FAREAST 8.820 8.09 3.40 1,247.1 2.290 0.450 1.950 1.900 146 JFTECH 1.920 -0.020 247.6 1.917 57.14 0.26 241.9
2.506 1.412 1.600 1.570 5222 FGV 1.580 UNCH 3729 1.583 88.76 0.63 5,764.1 3.420 0.594 3.150 3.070 127 JHM 3.130 0.040 661.6 3.109 22.03 822.6
11.679 10.122 10.820 10.500 2291 GENP 10.600 -0.020 1232.3 10.602 18.94 1.27 8,515.6 0.270 0.130 0.195 0.185 111 K1 0.195 0.010 444.8 0.190 101.2
0.675 0.510 0.575 0.575 7382 GLBHD 0.575 UNCH 10 0.575 1.74 128.2 0.115 0.025 0.030 0.025 36 KGROUP 0.025 -0.005 2892.2 0.030 42.8
1.406 1.105 1.400 1.400 2135 GOPENG 1.400 UNCH 5.1 1.400 47.14 2.86 251.1 1.130 0.230 1.060 1.020 176 KRONO 1.030 Unch 8531.4 1.039 25.81 306.3
0.890 0.700 0.710 0.710 7501 HARNLEN 0.710 -0.030 20 0.710 37.17 131.7 0.105 0.045 0.095 0.090 17 M3TECH 0.095 Unch 3818.4 0.092 55.8
2.680 2.300 2.680 2.630 5138 HSPLANT 2.670 0.040 28 2.648 14.17 5.43 2,136.0 0.415 0.220 0.415 0.380 75 MEXTER 0.410 0.015 4686.2 0.396 91.3
3.616 2.932 3.100 3.050 2216 IJMPLNT 3.080 0.040 10.6 3.076 25.41 2.27 2,712.2 0.590 0.420 155 MGRC 0.450 102.2 46.6
0.734 0.650 2607 INCKEN 0.685 1.64 288.2 1.400 0.855 0.975 0.960 126 MICROLN 0.960 -0.010 116.5 0.967 27.04 160.7
1.475 0.619 1.180 1.160 6262 INNO 1.160 0.010 40.3 1.163 14.18 1.72 555.5 0.595 0.316 0.475 0.460 112 MIKROMB 0.475 0.010 1656.7 0.469 19.23 1.66 204.7
4.757 4.208 4.530 4.510 1961 IOICORP 4.530 UNCH 2264.7 4.522 38.85 2.10 28,465.9 0.465 0.065 0.195 0.170 85 MLAB 0.170 -0.010 68789.7 0.184 99.3
25.137 22.521 24.800 24.120 2445 KLK 24.560 UNCH 3593.9 24.560 22.97 2.04 26,217.9 0.200 0.160 0.190 0.190 34 MMAG 0.190 0.005 705.7 0.190 52.2
3.680 2.990 3.680 3.500 2453 KLUANG 3.680 0.180 15.8 3.620 126.03 0.27 232.5 2.050 0.503 1.970 1.910 113 MMSV 1.940 0.010 1613.6 1.937 18.23 1.03 316.2
3.980 3.017 3.920 3.900 5027 KMLOONG 3.900 -0.050 15.3 3.903 14.62 3.85 1,216.0 0.245 0.055 0.070 0.070 103 MNC 0.070 Unch 2750 0.070 38.89 33.5
0.695 0.491 0.550 0.540 1996 KRETAM 0.550 UNCH 360 0.543 29.10 1.82 1,280.2 0.310 0.150 0.250 0.240 156 MPAY 0.245 -0.005 3837.9 0.245 174.1
1.750 1.240 6572 KWANTAS 1.500 11.08 467.5 0.735 0.130 0.210 0.200 92 MTOUCHE 0.200 Unch 8937 0.206 181.82 25.5
1.550 1.240 4936 MALPAC 1.300 125.0 97.5 0.930 0.616 0.905 0.885 108 N2N 0.890 Unch 3016.2 0.895 21.50 2.25 424.6
0.963 0.786 0.885 0.870 5026 MHC 0.870 UNCH 17 0.881 10.33 1.72 171.0 0.110 0.015 0.050 0.045 20 NETX 0.045 -0.005 10251.5 0.045 56.3
2.388 1.700 5047 NPC 1.990 7.62 0.50 238.8 0.065 0.035 0.040 0.035 96 NEXGRAM 0.035 -0.005 202.1 0.038 65.9
4.239 3.765 2038 NSOP 3.910 31.66 1.53 274.5 0.115 0.070 0.090 0.080 26 NOVAMSC 0.085 0.010 2596.4 0.084 58.1
0.315 0.190 0.230 0.225 1902 PINEPAC 0.225 -0.015 12 0.229 33.7 0.662 0.536 0.570 0.570 35 OPCOM 0.570 Unch 50 0.570 16.72 7.02 91.9
1.380 0.920 9695 PLS 1.020 333.2 0.414 0.315 0.325 0.320 40 OPENSYS 0.325 Unch 364.3 0.324 16.01 3.08 96.8
0.550 0.400 0.410 0.400 5113 RSAWIT 0.400 UNCH 200 0.403 567.4 0.380 0.125 0.135 0.130 79 ORION 0.135 0.005 556.7 0.130 80.9
4.100 3.346 3.700 3.660 2542 RVIEW 3.700 0.040 9.2 3.674 15.21 1.62 239.9 0.215 0.045 0.200 0.175 5 PALETTE 0.180 -0.020 46222 0.188 57.5
3.280 2.900 3.240 3.110 2569 SBAGAN 3.110 0.080 16.2 3.181 0.64 206.3 0.230 0.135 0.160 0.145 123 PRIVA 0.155 0.010 1117.5 0.153 86.5
0.720 0.505 0.550 0.550 4316 SHCHAN 0.550 -0.040 1 0.550 16.42 66.0 0.175 0.055 0.125 0.120 7 PUC 0.125 Unch 495.6 0.122 52.08 155.3
3.965 3.480 3.900 3.760 5126 SOP 3.850 0.120 300 3.839 9.81 1.30 2,197.5 0.980 0.491 0.865 0.860 106 REXIT 0.860 -0.005 214 0.863 21.66 4.65 162.8
1.850 1.520 5135 SWKPLNT 1.610 11.13 450.8 0.375 0.218 0.340 0.330 178 SEDANIA 0.335 0.005 2400.6 0.334 2.99 75.6
0.730 0.500 0.505 0.500 2054 TDM 0.505 0.005 381.6 0.503 48.56 0.99 837.2 0.190 0.055 0.130 0.120 60 SKH 0.120 -0.005 10583.1 0.125 50.00 66.5
1.207 0.998 1.080 1.080 5112 THPLANT 1.080 UNCH 13.4 1.080 5.78 5.56 954.6 0.300 0.155 0.180 0.165 117 SMRT 0.170 Unch 100.2 0.170 61.4
1.928 1.560 1.680 1.680 9059 TSH 1.680 -0.030 25 1.680 44.68 1.19 2,321.4 0.165 0.100 0.140 0.140 169 SMTRACK 0.140 -0.005 145.7 0.140 12.1
6.450 5.330 6.350 6.320 2593 UMCCA 6.320 -0.050 9.3 6.321 15.64 3.16 1,323.1 0.355 0.232 0.280 0.265 93 SOLUTN 0.280 0.010 1594.4 0.271 11.02 3.57 85.8
28.700 25.323 27.980 27.940 2089 UTDPLT 27.980 0.220 0.3 27.967 15.11 1.43 5,823.6 0.360 0.080 0.220 0.210 129 SRIDGE 0.210 -0.010 1859.9 0.216 25.4
HOTELS 0.470 0.155 0.405 0.390 50 SYSTECH 0.400 0.005 5837.8 0.399 53.33 0.75 139.1
0.628 0.483 0.530 0.525 5592 GCE 0.530 0.010 9 0.526 3.77 104.4 0.190 0.140 0.145 0.140 132 TDEX 0.140 -0.005 910.2 0.140 116.67 57.9
1.000 0.680 0.805 0.795 1643 LANDMRK 0.805 -0.015 47.5 0.800 425.8 1.480 0.189 1.390 1.330 120 VIS 1.370 Unch 771.3 1.355 21.68 0.36 151.7
0.255 0.115 0.165 0.160 1287 PMHLDG 0.160 UNCH 3269.9 0.160 148.6 0.235 0.115 0.135 0.125 69 VIVOCOM 0.125 Unch 15234 0.130 20.16 407.1
5.620 4.860 5.230 5.080 5517 SHANG 5.190 -0.010 8.2 5.155 29.69 2.70 2,283.6 0.145 0.065 0.120 0.100 66 VSOLAR 0.105 -0.005 29742 0.111 39.2
TECHNOLOGY 0.070 0.020 141 WINTONI 0.035 18.0
0.715 0.585 7031 AMTEL 0.630 57.27 31.0 0.275 0.080 0.180 0.175 86 YGL 0.175 Unch 194 0.176 40.7
0.420 0.180 0.275 0.265 5195 CENSOF 0.275 0.005 864.1 0.270 138.0 TRADING SERVICES
0.400 0.105 0.240 0.235 51 CUSCAPI 0.240 0.005 494.4 0.237 115.9 0.400 0.150 122 AIM 0.270 71.8
0.729 0.283 0.605 0.595 7204 D&O 0.595 -0.005 1404.2 0.601 39.14 594.1 0.165 0.060 0.100 0.100 48 ANCOMLB 0.100 Unch 126.8 0.100 47.3
0.710 0.110 0.380 0.355 8338 DATAPRP 0.370 0.010 3579.9 0.369 155.9 0.240 0.120 0.140 0.135 150 ASIABIO 0.140 Unch 1343.2 0.135 1.14 63.0
0.235 0.140 0.150 0.140 29 DIGISTA 0.150 0.010 1064.8 0.144 9.74 89.9 0.275 0.155 0.180 0.175 187 BCMALL 0.175 0.005 1544.6 0.175 38.04 73.7
1.578 1.304 1.350 1.340 5162 ECS 1.350 UNCH 45.6 1.350 8.50 4.44 243.0 0.404 0.300 11 BTECH 0.325 20.06 4.92 81.9
1.230 0.539 1.170 1.150 65 EFORCE 1.150 UNCH 507.1 1.160 74.68 1.09 475.8 0.320 0.170 157 FOCUSP 0.200 33.0
2.950 1.134 2.680 2.660 90 ELSOFT 2.660 -0.030 43.6 2.670 22.45 1.88 729.3 1.190 0.386 1.190 1.050 185 HSSEB 1.190 0.140 4772.2 1.133 25.00 0.53 379.7
1.870 0.790 1.730 1.670 21 GHLSYS 1.690 0.020 1161.2 1.690 56.15 0.30 1,114.5 0.900 0.540 147 INNITY 0.750 71.43 103.8
0.455 0.210 0.335 0.325 82 GPACKET 0.335 0.010 1503.9 0.331 4.95 254.2 0.310 0.220 0.220 0.220 180 KTC 0.220 Unch 195 0.220 30.99 112.3
0.280 0.175 0.250 0.240 56 GRANFLO 0.250 0.005 389.5 0.244 2.00 120.8 0.350 0.130 0.240 0.225 167 MCLEAN 0.235 -0.005 101.1 0.231 111.90 42.0
6.500 2.857 6.500 6.360 7022 GTRONIC 6.470 0.070 2284 6.433 66.98 0.62 1,843.1 0.440 0.250 0.270 0.270 81 MEGASUN 0.270 0.020 20 0.270 12.16 59.2
0.923 0.490 0.740 0.730 5028 HTPADU 0.735 UNCH 77.3 0.735 8.68 6.80 74.4 0.280 0.165 0.200 0.175 153 OVERSEA 0.200 -0.010 15.2 0.175 100.00 49.3
2.650 1.980 2.540 2.500 166 INARI 2.510 -0.040 2422.1 2.514 21.43 2.97 5,030.7 0.200 0.115 0.150 0.145 177 PASUKGB 0.150 -0.005 618.1 0.147 121.7
0.435 0.075 0.195 0.190 9393 ITRONIC 0.195 UNCH 140 0.193 20.0 0.450 0.230 0.420 0.370 6 PINEAPP 0.415 -0.020 30 0.419 218.42 20.1
0.688 0.453 0.535 0.520 5161 JCY 0.535 0.015 758.9 0.530 33.65 8.41 1,111.1 0.375 0.201 0.335 0.325 171 PLABS 0.325 -0.010 1335.2 0.329 18.68 2.15 69.8
16.216 7.459 14.960 14.400 9334 KESM 14.860 UNCH 68.1 14.614 16.53 0.44 639.2 0.010 0.005 110 RA 0.005 2.63 4.8
0.180 0.060 0.155 0.135 143 KEYASIC 0.145 0.010 5788.8 0.145 129.1 0.615 0.280 0.425 0.405 32 REDTONE 0.425 -0.005 13 0.415 322.0
14.300 7.086 13.900 13.680 3867 MPI 13.800 0.020 252.1 13.802 14.73 1.96 2,896.4 0.525 0.140 0.440 0.410 173 REV 0.425 0.010 2086.4 0.428 3.60 57.2
1.467 0.960 5011 MSNIAGA 1.320 17.65 3.79 79.7 0.726 0.477 0.580 0.575 158 SCC 0.575 Unch 40 0.577 15.93 5.27 81.2
1.327 0.343 1.020 0.995 83 NOTION 1.000 -0.020 959.1 1.002 14.88 2.75 330.6 0.275 0.160 0.200 0.195 161 SCH 0.200 Unch 243 0.200 117.65 4.25 82.4
0.605 0.430 9008 OMESTI 0.480 206.7 0.230 0.100 0.180 0.170 140 STERPRO 0.170 -0.010 1172 0.173 47.5
0.375 0.250 0.265 0.260 41 PANPAGE 0.260 -0.005 85 0.261 69.0 0.230 0.103 0.215 0.205 80 STRAITS 0.210 0.005 6029.6 0.210 80.77 77.3
5.080 1.080 4.880 4.840 7160 PENTA 4.850 -0.050 285.7 4.851 20.30 710.9 1.360 0.955 1.250 1.230 89 TEXCYCL 1.250 -0.020 15.9 1.240 12.91 0.40 213.5
0.610 0.250 0.375 0.370 9075 THETA 0.375 UNCH 88.1 0.372 40.2 0.230 0.100 0.170 0.160 145 TFP 0.170 0.005 322.6 0.164 34.9
0.197 0.073 0.120 0.100 118 TRIVE 0.115 0.015 9250.8 0.114 52.27 153.7 0.155 0.095 0.105 0.100 165 XOX 0.100 -0.005 3629.8 0.100 85.2
4.207 2.184 4.070 4.000 5005 UNISEM 4.070 -0.030 943.7 4.030 16.87 2.70 2,986.7 FINANCE
4.800 1.727 4.600 4.440 97 VITROX 4.600 0.140 370.9 4.529 28.86 0.71 2,162.4 0.965 0.386 0.695 0.680 53 OSKVI 0.685 Unch 297.7 0.691 2.45 2.92 135.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HU R SDAY SEP TEM B ER 7, 2 0 17 TH E EDGE F I N AN C I AL DAI LY

B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Bursa Malaysia Equity Derivatives YEAR

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

Main Market & Ace Market Warrants 0.230 0.070 0.120 0.105 1147WA GOB-WA 0.120 0.010 138.3 0.390 0.800 135.90 24/12/2019
0.085 0.025 0.055 0.050 0074WA GOCEAN-WA 0.050 -0.010 420.2 0.160 0.340 143.75 07/08/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.055 0.025 0.035 0.030 7096WA GPA-WA 0.030 -0.005 312.3 0.100 0.100 30.00 03/06/2025
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.135 0.080 0.115 0.110 7022CH GTRONIC-CH 0.115 -0.005 60 6.470 5.800 4.75 30/11/2017
0.165 0.020 0.020 0.020 5238C7 AAX-C7 0.020 Unch 261 0.370 0.430 21.62 31/10/2017 0.195 0.130 0.175 0.175 7022CK GTRONIC-CK 0.175 0.045 41 6.470 6.000 8.96 08/01/2018
0.310 0.160 0.200 0.195 5238WA AAX-WA 0.195 -0.005 1468.4 0.370 0.460 77.03 08/06/2020 0.120 0.110 0.120 0.120 7668CA HAIO-CA 0.120 0.005 13 4.380 4.380 13.70 31/05/2018
0.860 0.105 0.730 0.690 0018WA ACCSOFT-WA 0.690 -0.010 18 0.830 0.100 -4.82 18/01/2019 0.130 0.095 0.100 0.095 3034CV HAPSENG-CV 0.095 -0.015 70 9.040 9.000 4.81 30/04/2018
0.120 0.035 0.065 0.060 7146WA AEM-WA 0.065 0.005 16 0.165 0.250 90.91 17/12/2019 0.380 0.190 0.200 0.200 2062WC HARBOUR-WC 0.200 -0.005 2 0.670 1.560 162.69 03/04/2021
0.330 0.050 0.240 0.225 7315WB AHB-WB 0.235 0.010 948.1 0.340 0.200 27.94 28/08/2019 0.165 0.110 0.115 0.110 5168CZ HARTA-CZ 0.110 -0.010 59 6.870 7.500 17.98 12/02/2018
0.330 0.070 0.245 0.230 509947 AIRASIAC47 0.240 Unch 1694 3.400 2.600 -2.35 31/10/2017 0.745 0.310 0.385 0.375 4324CA HENGYUAN-CA 0.385 0.005 1385.9 7.790 6.000 16.56 22/02/2018
0.200 0.090 0.125 0.120 509953 AIRASIAC53 0.125 0.005 1984.8 3.400 3.200 5.15 02/02/2018 0.470 0.270 0.340 0.325 4324CB HENGYUAN-CB 0.340 0.015 3135.1 7.790 8.800 39.15 28/02/2018
0.180 0.050 0.055 0.050 509954 AIRASIAC54 0.055 Unch 8177.9 3.400 3.600 10.25 31/10/2017 0.520 0.315 0.380 0.380 4324CC HENGYUAN-CC 0.380 Unch 5 7.790 8.000 31.96 28/02/2018
0.150 0.080 0.085 0.080 509955 AIRASIAC55 0.085 Unch 1279.9 3.400 4.000 24.40 29/12/2017 0.430 0.255 0.315 0.310 4324CD HENGYUAN-CD 0.310 Unch 130 7.790 7.000 21.69 19/03/2018
0.210 0.135 0.160 0.160 509956 AIRASIAC56 0.160 Unch 25 3.400 2.900 5.06 29/12/2017 0.410 0.170 0.205 0.200 4324CE HENGYUAN-CE 0.205 0.005 1429.5 7.790 8.800 36.65 19/03/2018
0.145 0.095 0.125 0.115 5014CV AIRPORT-CV 0.125 -0.010 1510.7 9.060 8.800 6.79 30/04/2018 0.310 0.175 0.200 0.190 4324CF HENGYUAN-CF 0.195 -0.005 1757.9 7.790 8.880 39.02 22/03/2018
0.420 0.160 0.285 0.275 7609WA AJIYA-WA 0.280 Unch 213 0.730 0.920 64.38 28/08/2021 1.540 0.900 1.350 1.310 5095WB HEVEA-WB 1.330 -0.080 97.8 1.600 0.250 -1.25 28/02/2020
0.135 0.055 0.060 0.060 1015C1 AMBANK-C1 0.060 0.005 1750 4.320 5.000 19.91 30/04/2018 0.220 0.075 0.200 0.175 5072WB HIAPTEK-WB 0.200 0.020 25777.1 0.415 0.500 68.67 23/06/2021
0.610 0.065 0.085 0.075 1015CX AMBANK-CX 0.085 0.010 438.2 4.320 4.150 0.98 29/09/2017 0.530 0.220 0.230 0.220 5169WA HOHUP-WA 0.220 -0.005 79.6 0.705 0.600 16.31 21/12/2018
0.440 0.035 0.035 0.035 1015CY AMBANK-CY 0.035 Unch 850 4.320 5.000 17.77 31/10/2017 0.225 0.115 0.155 0.150 7213WB HOVID-WB 0.150 0.005 331.2 0.310 0.180 6.45 05/06/2018
0.315 0.140 0.250 0.245 6556CC ANNJOO-CC 0.250 Unch 59 3.590 2.800 2.37 31/10/2017 0.075 0.020 0.025 0.025 7013WB HUBLINE-WB 0.025 Unch 414 0.060 0.200 275.00 20/12/2020
0.270 0.115 0.235 0.205 6556CD ANNJOO-CD 0.225 -0.010 2112.5 3.590 3.000 5.50 08/12/2017 0.045 0.015 0.025 0.020 9601WD HWGB-WD 0.025 Unch 348.1 0.045 0.080 133.33 15/03/2021
0.205 0.110 0.200 0.185 6556CE ANNJOO-CE 0.195 Unch 2064.8 3.590 3.100 10.79 02/02/2018 0.120 0.035 0.035 0.035 3336C4 IJM-C4 0.035 -0.005 100 3.360 3.500 8.33 31/10/2017
0.275 0.040 0.050 0.050 9342WA ANZO-WA 0.050 Unch 435 0.105 0.250 185.71 19/11/2019 0.195 0.040 0.050 0.050 3336C5 IJM-C5 0.050 0.010 57.9 3.360 3.500 6.40 29/12/2017
0.265 0.045 0.070 0.065 9342WB ANZO-WB 0.065 Unch 124.3 0.105 0.250 200.00 25/08/2023 0.275 0.075 0.220 0.215 0166C2 INARI-C2 0.215 -0.010 10 2.510 2.150 2.79 08/12/2017
0.035 0.010 0.010 0.010 5194WA APFT-WA 0.010 -0.005 20 0.025 0.400 1,540 13/07/2018 0.165 0.100 0.155 0.120 0166C3 INARI-C3 0.155 Unch 20.1 2.510 2.600 17.79 30/01/2018
0.335 0.090 0.220 0.210 0119WA APPASIA-WA 0.220 Unch 190 0.340 0.130 2.94 23/12/2024 0.240 0.170 0.185 0.185 0166C5 INARI-C5 0.185 -0.035 205 2.510 2.400 10.36 22/02/2018
0.255 0.100 0.145 0.135 521024 ARMADA-C24 0.145 0.010 290 0.735 0.600 1.36 30/11/2017 0.205 0.095 0.155 0.155 0166C6 INARI-C6 0.155 -0.010 100 2.510 2.400 7.97 30/04/2018
0.100 0.025 0.030 0.030 521027 ARMADA-C27 0.030 -0.005 468.8 0.735 0.835 17.69 02/02/2018 0.570 0.165 0.460 0.460 0166CZ INARI-CZ 0.460 -0.060 90 2.510 1.800 -0.80 29/12/2017
0.100 0.060 0.085 0.075 521028 ARMADA-C28 0.085 0.010 1656 0.735 0.750 14.76 30/01/2018 0.280 0.230 0.230 0.230 16601 INARI-MC01 0.230 -0.045 100 2.510 2.150 3.98 14/12/2017
0.350 0.060 0.060 0.060 0068WB ASDION-WB 0.060 Unch 385 0.180 0.500 211.11 24/03/2019 2.500 1.445 2.320 2.320 0166WA INARI-WA 2.320 -0.160 5 2.510 0.132 -2.31 04/06/2018
0.110 0.045 0.050 0.050 0150WA ASIABIO-WA 0.050 Unch 50 0.140 0.300 150.00 19/04/2024 1.830 1.300 1.720 1.700 0166WB INARI-WB 1.700 -0.040 134.7 2.510 0.800 -0.40 17/02/2020
0.210 0.055 0.065 0.060 6399C1 ASTRO-C1 0.060 -0.020 188.2 2.630 2.600 3.42 30/11/2017 0.045 0.015 0.025 0.025 0094WA INIX-WA 0.025 -0.005 60 0.070 0.100 78.57 16/11/2020
0.765 0.100 0.265 0.250 7099WB ATTA-WB 0.250 -0.020 832.9 1.020 1.000 22.55 09/05/2022 0.545 0.160 0.375 0.355 3379WB INSAS-WB 0.375 Unch 362.3 0.970 1.000 41.75 25/02/2020
0.705 0.225 0.285 0.285 7099WC ATTA-WC 0.285 Unch 1 1.020 1.000 25.98 18/11/2024 0.070 0.020 0.045 0.035 7183WA IRETEX-WA 0.045 Unch 250.3 0.190 0.800 344.74 10/06/2019
0.035 0.010 0.020 0.015 0072WA AT-WA 0.020 Unch 1410.9 0.040 0.090 175.00 28/01/2019 0.070 0.025 0.050 0.045 0024WA JAG-WA 0.045 Unch 1606.1 0.135 0.100 7.41 14/08/2019
0.040 0.020 0.025 0.025 0072WB AT-WB 0.025 Unch 10 0.040 0.030 37.50 17/10/2019 0.170 0.045 0.065 0.065 9083WB JETSON-WB 0.065 Unch 52 0.260 0.750 213.46 06/02/2019
0.260 0.070 0.125 0.125 688815 AXIATA-C15 0.125 -0.015 20 4.990 4.650 0.70 31/10/2017 0.110 0.060 0.085 0.085 8923WA JIANKUN-WA 0.085 Unch 300 0.260 0.320 55.77 23/12/2021
0.100 0.045 0.075 0.070 688820 AXIATA-C20 0.070 -0.010 2800 4.990 5.200 9.82 28/02/2018 0.830 0.205 0.515 0.505 7167WA JOHOTIN-WA 0.515 -0.005 579.6 1.390 0.850 -1.80 21/11/2017
0.730 0.210 0.585 0.580 7078WA AZRB-WA 0.580 -0.015 25 1.130 0.700 13.27 13/05/2024 0.225 0.110 0.145 0.140 0170WA KANGER-WA 0.145 0.005 48.6 0.235 0.100 4.26 13/04/2020
0.280 0.180 0.230 0.220 0098WA BAHVEST-WA 0.220 Unch 946.5 0.645 0.870 68.99 20/08/2024 0.115 0.070 0.070 0.070 5247C4 KAREX-C4 0.070 Unch 484.6 1.390 1.550 19.06 30/04/2018
0.120 0.010 0.010 0.010 5248CR BAUTO-CR 0.010 Unch 70 1.880 2.100 12.77 29/12/2017 0.035 0.010 0.025 0.020 3115WC KBUNAI-WC 0.025 Unch 90.1 0.070 0.131 122.86 20/10/2023
0.170 0.100 0.100 0.100 7241WA BHS-WA 0.100 -0.005 103.7 0.380 0.600 84.21 18/10/2020 0.490 0.070 0.445 0.435 7161CA KERJAYA-CA 0.445 0.005 499.6 3.640 2.600 1.99 29/09/2017
0.450 0.260 0.305 0.300 5258WA BIMB-WA 0.305 Unch 133 4.380 4.720 14.73 04/12/2023 0.155 0.070 0.130 0.120 7161CB KERJAYA-CB 0.130 Unch 1340.2 3.640 3.350 8.10 30/11/2017
0.155 0.070 0.075 0.075 6998WA BINTAI-WA 0.075 -0.010 20 0.170 0.200 61.76 15/06/2020 0.215 0.155 0.185 0.180 7161CE KERJAYA-CE 0.185 Unch 3520.1 3.640 3.600 14.15 22/02/2018
0.230 0.095 0.150 0.145 0179WA BIOHLDG-WA 0.145 -0.005 2082.2 0.250 0.220 46.00 05/01/2022 0.490 0.070 0.355 0.355 0151WA KGB-WA 0.355 -0.005 13.6 0.615 0.500 39.02 12/06/2019
0.160 0.060 0.075 0.075 3395WB BJCORP-WB 0.075 -0.005 507.5 0.325 1.000 230.77 22/04/2022 0.035 0.003 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 1000 0.025 0.100 340.00 02/07/2018
0.175 0.050 0.095 0.090 3395WC BJCORP-WC 0.095 Unch 660 0.325 1.000 236.92 29/05/2026 0.030 0.010 0.015 0.010 0036WB KGROUP-WB 0.010 -0.005 381.7 0.025 0.050 140.00 01/05/2020
0.370 0.035 0.295 0.285 7187WA BKOON-WA 0.285 Unch 2776.1 0.495 0.200 -2.02 07/07/2023 0.880 0.600 0.640 0.610 5171WA KIMLUN-WA 0.640 Unch 39.3 2.150 1.680 7.91 12/03/2024
0.081 0.035 0.045 0.040 7036WC BORNOIL-WC 0.045 0.005 1310.2 0.100 0.070 15.00 08/11/2025 0.145 0.065 0.070 0.065 7164WB KNM-WB 0.070 Unch 22.7 0.230 1.000 365.22 21/04/2020
0.065 0.040 0.050 0.045 7036WD BORNOIL-WD 0.045 Unch 1816 0.100 0.070 15.00 29/05/2027 1.440 0.410 1.420 1.370 5878WB KPJ-WB 1.420 0.020 188.3 4.200 4.010 29.29 23/01/2019
0.120 0.040 0.045 0.040 9938WB BRIGHT-WB 0.045 Unch 270 0.315 0.820 174.60 12/01/2019 0.130 0.085 0.085 0.085 5038CH KSL-CH 0.085 Unch 15 1.270 1.300 19.09 08/01/2018
0.435 0.060 0.225 0.200 181811 BURSA-C11 0.225 0.020 704.9 10.000 8.900 0.25 30/11/2017 0.650 0.450 0.585 0.580 9385WA LAYHONG-WA 0.580 -0.010 16 0.985 0.400 -0.51 13/10/2021
0.315 0.070 0.095 0.090 181812 BURSA-C12 0.095 0.010 50 10.000 10.500 9.28 30/11/2017 0.330 0.090 0.100 0.090 8494WA LBICAP-WA 0.090 -0.015 131.1 1.080 1.000 0.93 17/04/2018
0.150 0.050 0.075 0.060 181813 BURSA-C13 0.075 0.010 110.6 10.000 10.500 8.75 30/03/2018 1.090 0.620 0.895 0.870 5789WA LBS-WA 0.895 0.015 114.9 1.900 1.000 -0.26 11/06/2018
0.900 0.303 0.840 0.805 7174WA CAB-WA 0.835 0.025 1079.1 1.040 0.170 -3.37 08/02/2020 0.835 0.390 0.670 0.640 5789WB LBS-WB 0.640 -0.030 15 1.900 1.250 -0.53 04/10/2020
0.090 0.075 0.075 0.075 7076CF CBIP-CF 0.075 -0.015 22 1.970 2.200 19.29 26/02/2018 0.085 0.015 0.065 0.065 5284CA LCTITAN-CA 0.065 Unch 100 5.300 6.800 33.21 12/02/2018
0.470 0.290 0.360 0.335 7076WA CBIP-WA 0.360 -0.005 12.7 1.970 2.400 40.10 06/11/2019 0.080 0.015 0.030 0.025 5284CB LCTITAN-CB 0.030 Unch 4268.1 5.300 7.800 49.43 12/02/2018
0.220 0.045 0.110 0.110 5195WB CENSOF-WB 0.110 -0.005 410.7 0.275 0.460 107.27 07/10/2019 0.265 0.035 0.085 0.075 5284CD LCTITAN-CD 0.085 -0.005 74.4 5.300 6.500 27.45 30/01/2018
0.310 0.100 0.210 0.210 102321 CIMB-C21 0.210 Unch 15 6.750 6.200 2.74 31/10/2017 0.465 0.100 0.340 0.310 5284CE LCTITAN-CE 0.310 -0.010 8400.9 5.300 5.500 21.32 30/01/2018
0.335 0.150 0.295 0.290 102322 CIMB-C22 0.295 -0.005 550 6.750 5.700 1.93 24/11/2017 0.120 0.015 0.060 0.050 5284CF LCTITAN-CF 0.050 Unch 10806.1 5.300 6.280 25.09 30/01/2018
0.155 0.085 0.125 0.125 102324 CIMB-C24 0.125 Unch 50 6.750 7.000 11.11 28/12/2017 0.095 0.020 0.055 0.050 5284CG LCTITAN-CG 0.055 Unch 2586.8 5.300 6.500 28.87 30/04/2018
0.205 0.040 0.100 0.100 0102WA CONNECT-WA 0.100 -0.005 20 0.195 0.100 2.56 17/09/2021 0.300 0.040 0.175 0.175 8745WB LEWEKO-WB 0.175 -0.005 14.6 0.270 0.200 38.89 08/09/2020
0.205 0.035 0.095 0.085 0102WB CONNECT-WB 0.090 -0.010 178.1 0.195 0.100 -2.56 07/06/2021 0.250 0.150 0.205 0.195 7126WA LONBISC-WA 0.200 0.005 205.5 0.730 1.000 64.38 26/01/2020
0.250 0.025 0.070 0.060 0051WA CUSCAPI-WA 0.070 0.005 1281 0.240 0.270 41.67 24/04/2018 0.095 0.020 0.060 0.060 5068WA LUSTER-WA 0.060 Unch 390 0.125 0.100 28.00 03/06/2022
0.470 0.295 0.375 0.345 5276WA DANCO-WA 0.375 0.010 66.2 0.590 0.300 14.41 22/05/2022 0.095 0.020 0.065 0.065 5068WB LUSTER-WB 0.065 Unch 590 0.125 0.100 32.00 26/05/2023
0.035 0.005 0.015 0.010 7179WB DBE-WB 0.010 Unch 181 0.030 0.050 100.00 22/01/2022 0.060 0.015 0.045 0.040 0017WA M3TECH-WA 0.045 0.005 17989.3 0.095 0.100 52.63 21/08/2019
0.105 0.060 0.090 0.090 727715 DIALOG-C15 0.090 Unch 50 2.050 1.850 3.41 31/10/2017 0.750 0.275 0.520 0.515 7617WB MAGNA-WB 0.520 -0.010 43 1.420 0.900 0.00 04/09/2020
0.220 0.105 0.220 0.185 727717 DIALOG-C17 0.220 0.010 371.2 2.050 1.900 3.41 02/02/2018 0.120 0.075 0.120 0.120 3859C2 MAGNUM-C2 0.120 Unch 10 1.870 1.800 9.09 22/01/2018
0.100 0.020 0.035 0.035 694719 DIGI-C19 0.035 -0.005 60 4.860 5.100 6.38 02/02/2018 0.100 0.005 0.010 0.010 3859CY MAGNUM-CY 0.010 -0.005 150 1.870 2.120 14.97 31/10/2017
0.165 0.050 0.070 0.070 0029WB DIGISTA-WB 0.070 -0.005 28.9 0.150 0.260 120.00 04/04/2023 0.115 0.070 0.115 0.100 5264C1 MALAKOF-C1 0.115 Unch 22.1 1.150 1.000 6.96 30/01/2018
0.370 0.045 0.220 0.205 4456WD DNEX-WD 0.215 Unch 29543.2 0.475 0.500 50.53 30/07/2021 0.160 0.065 0.145 0.120 5264C2 MALAKOF-C2 0.145 0.010 160.1 1.150 1.050 3.91 30/04/2018
0.140 0.060 0.105 0.100 7114WA DNONCE-WA 0.105 Unch 562 0.305 0.250 16.39 25/11/2020 0.100 0.005 0.005 0.005 5264CW MALAKOF-CW 0.005 -0.005 50 1.150 1.200 5.22 29/09/2017
0.145 0.055 0.060 0.055 5265WA DOLPHIN-WA 0.060 0.005 407 0.205 0.800 319.51 29/03/2021 0.990 0.090 0.385 0.365 6181WB MALTON-WB 0.385 0.010 2427.2 1.000 1.000 38.50 29/06/2018
0.340 0.180 0.280 0.250 7169WA DOMINAN-WA 0.280 0.005 66.8 1.300 1.300 21.54 10/09/2020 0.630 0.350 0.465 0.450 5236WA MATRIX-WA 0.455 Unch 129.2 2.800 2.400 1.96 20/07/2020
0.040 0.005 0.005 0.005 7198WA DPS-WA 0.005 Unch 18.4 0.090 0.540 505.56 03/01/2018 0.015 0.005 0.015 0.005 5189WA MAXWELL-WA 0.010 Unch 13036.8 0.035 0.400 1,072 24/03/2020
0.070 0.035 0.050 0.045 7198WB DPS-WB 0.045 0.005 1191.8 0.090 0.100 61.11 15/01/2025 0.230 0.115 0.130 0.130 115529 MAYBANKC29 0.130 0.005 429 9.470 9.000 1.21 16/10/2017
0.380 0.115 0.255 0.255 161930 DRBHCOMC30 0.255 0.005 30 1.610 1.100 0.00 30/11/2017 0.190 0.095 0.105 0.105 115531 MAYBANKC31 0.105 0.005 70 9.470 9.500 3.64 28/02/2018
0.195 0.055 0.060 0.055 161933 DRBHCOMC33 0.055 -0.005 690 1.610 1.650 9.32 31/10/2017 0.585 0.365 0.490 0.465 5152WA MBL-WA 0.490 0.030 161.6 1.100 0.800 17.27 28/11/2022
0.170 0.075 0.075 0.075 161936 DRBHCOMC36 0.075 Unch 1300 1.610 1.900 27.33 29/12/2017 0.105 0.065 0.075 0.075 1171C3 MBSB-C3 0.075 -0.005 2120 1.260 1.350 19.05 28/02/2018
0.125 0.055 0.060 0.060 161937 DRBHCOMC37 0.060 Unch 450 1.610 1.850 22.36 30/03/2018 0.090 0.020 0.025 0.020 1171CY MBSB-CY 0.020 -0.005 367.6 1.260 1.250 3.97 29/09/2017
0.120 0.070 0.075 0.075 161938 DRBHCOMC38 0.075 0.005 143 1.610 1.780 22.20 30/01/2018 0.260 0.040 0.105 0.095 0167WB MCLEAN-WB 0.105 -0.010 54.8 0.235 0.250 51.06 07/10/2020
0.135 0.025 0.030 0.030 5216CV DSONIC-CV 0.030 Unch 50 1.060 1.300 28.30 31/10/2017 0.115 0.060 0.080 0.080 5040WA MEDAINC-WA 0.080 Unch 20 0.425 0.500 36.47 13/08/2021
0.070 0.040 0.045 0.045 5216CY DSONIC-CY 0.045 -0.005 1500 1.060 1.300 31.13 30/03/2018 0.065 0.025 0.045 0.040 5040WC MEDAINC-WC 0.045 Unch 1.5 0.425 0.800 98.82 24/08/2024
0.225 0.005 0.010 0.010 3417C7 E&O-C7 0.010 0.005 100 1.550 1.850 20.65 30/11/2017 0.045 0.005 0.010 0.010 4502CI MEDIA-CI 0.010 Unch 150 0.695 1.150 68.35 31/10/2017
0.320 0.120 0.165 0.160 3417WB E&O-WB 0.165 -0.005 27 1.550 2.600 78.39 21/07/2019 0.015 0.005 0.005 0.005 450201 MEDIA-MC01 0.005 Unch 800 0.695 1.200 74.10 14/12/2017
0.195 0.090 0.140 0.130 3557WC ECOFIRS-WC 0.140 -0.005 11.7 0.295 0.300 49.15 10/09/2019 0.325 0.160 0.180 0.180 0081WA MEGASUN-WA 0.180 Unch 60 0.270 0.100 3.70 29/04/2019
0.215 0.080 0.180 0.170 5253CA ECONBHD-CA 0.175 -0.030 2485 3.000 2.500 0.83 30/11/2017 0.365 0.140 0.210 0.205 1694WB MENANG-WB 0.210 Unch 140.6 0.860 1.000 40.70 09/07/2019
0.140 0.105 0.115 0.115 5253CE ECONBHD-CE 0.115 -0.005 88 3.000 2.900 12.00 30/04/2018 0.260 0.095 0.260 0.235 0075WA MEXTER-WA 0.260 0.015 6809.3 0.410 0.130 -4.88 17/09/2018
0.160 0.125 0.140 0.125 5253CF ECONBHD-CF 0.140 0.005 1490.1 3.000 2.950 12.33 22/03/2018 0.145 0.070 0.070 0.070 3069CA MFCB-CA 0.070 -0.015 50 3.410 3.950 25.07 02/02/2018
0.130 0.120 0.125 0.120 5253CG ECONBHD-CG 0.125 Unch 99 3.000 3.100 15.83 30/03/2018 2.330 0.525 1.770 1.710 3069WA MFCB-WA 1.750 -0.050 190.6 3.410 2.220 16.42 08/04/2020
0.170 0.080 0.085 0.085 8206CG ECOWLD-CG 0.085 Unch 50 1.560 1.500 7.05 30/11/2017 0.060 0.020 0.055 0.050 7219WA MINETEC-WA 0.050 -0.005 640 0.150 0.150 33.33 27/11/2019
0.710 0.365 0.475 0.455 8206WA ECOWLD-WA 0.460 -0.010 74.2 1.560 2.080 62.82 26/03/2022 0.325 0.170 0.185 0.170 5576WC MINHO-WC 0.180 -0.010 139.8 0.510 0.500 33.33 02/08/2021
0.120 0.045 0.050 0.050 0107WA EDUSPEC-WA 0.050 -0.005 25 0.130 0.180 76.92 24/12/2018 0.115 0.075 0.100 0.085 381612 MISC-C12 0.090 -0.025 440 7.310 7.500 6.29 30/03/2018
0.945 0.360 0.845 0.825 0065WA EFORCE-WA 0.830 -0.005 295.3 1.150 0.340 1.74 17/07/2019 0.600 0.365 0.385 0.375 9571WD MITRA-WD 0.380 -0.010 571 1.080 1.090 36.11 23/08/2020
0.670 0.360 0.385 0.370 8907WC EG-WC 0.375 Unch 121.3 0.760 0.500 15.13 03/11/2020 1.085 0.515 0.560 0.515 6114WB MKH-WB 0.520 -0.015 217 2.080 1.550 -0.48 29/12/2017
0.030 0.005 0.015 0.010 7182WA EKA-WA 0.010 -0.010 75 0.080 0.200 162.50 22/01/2019 0.105 0.016 0.065 0.050 0085WA MLAB-WA 0.055 Unch 6493.2 0.170 0.100 -8.82 24/04/2020
0.140 0.020 0.020 0.020 8877CA EKOVEST-CA 0.020 -0.005 46 1.110 1.600 46.85 08/12/2017 0.880 0.240 0.750 0.745 7595WA MLGLOBAL-WA 0.750 0.020 38.5 1.280 0.500 -2.34 27/10/2019
0.085 0.030 0.035 0.030 887701 EKOVEST-MC01 0.030 -0.015 70 1.110 1.400 31.53 14/12/2017 0.055 0.020 0.035 0.030 0103WA MNC-WA 0.030 Unch 4543.1 0.070 0.100 85.71 05/11/2021
1.350 0.315 0.700 0.680 8877WB EKOVEST-WB 0.690 Unch 1490.4 1.110 0.480 5.41 25/06/2019 0.070 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 132.1 0.050 0.100 150.00 21/11/2021
0.300 0.010 0.025 0.025 7149WA ENGKAH-WA 0.025 -0.010 28 1.580 3.500 123.10 25/09/2017 0.135 0.010 0.010 0.010 165115 MRCB-C15 0.010 Unch 85 1.190 1.800 52.52 24/11/2017
0.630 0.310 0.325 0.315 5056WA ENGTEX-WA 0.325 0.015 782.5 1.180 0.830 -2.12 25/10/2017 0.065 0.040 0.055 0.050 165121 MRCB-C21 0.050 -0.005 110 1.190 1.400 23.95 30/04/2018
0.060 0.015 0.015 0.015 5283CE EWINT-CE 0.015 Unch 2 1.080 1.350 28.47 30/11/2017 0.100 0.085 0.085 0.085 165123 MRCB-C23 0.085 -0.015 10 1.190 1.300 23.53 19/03/2018
0.450 0.245 0.260 0.250 5283WA EWINT-WA 0.260 0.010 533.7 1.080 1.450 58.33 02/04/2022 0.175 0.080 0.085 0.085 1651WA MRCB-WA 0.085 Unch 317.1 1.190 2.300 100.42 14/09/2018
0.570 0.100 0.445 0.430 7047WB FAJAR-WB 0.440 -0.005 733.7 0.895 0.700 27.37 24/09/2019 0.080 0.005 0.010 0.005 0092WA MTOUCHE-WA 0.005 -0.005 326 0.200 1.260 532.50 17/01/2018
0.060 0.020 0.025 0.025 06503A FBMKLCI-C3A 0.025 0.005 100 1,772 1,785 1.70 29/12/2017 0.220 0.030 0.075 0.070 0092WB MTOUCHE-WB 0.070 -0.005 144 0.200 0.540 205.00 16/03/2020
0.070 0.060 0.065 0.065 06503E FBMKLCI-C3E 0.065 -0.005 200 1,772 1,770 1.70 28/02/2018 0.370 0.105 0.305 0.280 5703CD MUHIBAH-CD 0.305 0.055 81.1 2.900 2.600 3.68 29/12/2017
0.100 0.005 0.005 0.005 06502W FBMKLCI-H2W 0.005 Unch 280 1,772 1,715 -3.04 31/10/2017 0.230 0.115 0.140 0.140 13812 MYEG-C12 0.140 -0.005 11.5 2.070 1.500 -0.48 18/09/2017
0.315 0.180 0.180 0.180 06504A FBMKLCI-H4A 0.180 -0.020 20 1,772 1,710 -1.49 30/11/2017 0.190 0.045 0.070 0.050 13815 MYEG-C15 0.070 0.010 93 2.070 2.000 6.43 29/09/2017
0.120 0.070 0.080 0.075 06504C FBMKLCI-H4C 0.075 Unch 275 1,772 1,785 3.67 29/12/2017 0.255 0.070 0.100 0.100 13816 MYEG-C16 0.100 -0.005 230 2.070 2.000 6.28 02/02/2018
0.070 0.015 0.015 0.015 522225 FGV-C25 0.015 Unch 250 1.580 2.600 67.41 31/10/2017 0.170 0.045 0.060 0.055 13817 MYEG-C17 0.055 -0.010 875.1 2.070 2.300 17.75 30/11/2017
0.135 0.005 0.005 0.005 522226 FGV-C26 0.005 Unch 997 1.580 2.200 40.06 31/10/2017 0.060 0.045 0.050 0.045 13823 MYEG-C23 0.050 Unch 25.6 2.070 2.700 37.68 26/02/2018
0.085 0.005 0.005 0.005 522227 FGV-C27 0.005 -0.005 150.2 1.580 2.450 55.85 16/10/2017 0.120 0.080 0.105 0.100 13824 MYEG-C24 0.100 -0.005 178.7 2.070 2.100 14.01 28/02/2018
0.155 0.035 0.045 0.040 522228 FGV-C28 0.040 -0.005 90 1.580 2.050 36.08 02/02/2018 0.480 0.115 0.310 0.310 0138C8 MYEG-C8 0.310 -0.005 310 2.070 1.567 0.65 31/10/2017
0.130 0.045 0.060 0.045 522229 FGV-C29 0.045 -0.005 250.2 1.580 2.100 40.03 08/01/2018 0.515 0.220 0.515 0.500 0108WA N2N-WA 0.510 0.005 224.6 0.890 0.320 -6.74 06/04/2018
0.195 0.095 0.095 0.095 522230 FGV-C30 0.095 -0.005 1830.4 1.580 1.600 18.10 28/12/2017 0.065 0.005 0.030 0.025 0020WB NETX-WB 0.030 Unch 2912.9 0.045 0.050 77.78 08/06/2019
0.145 0.085 0.100 0.095 522231 FGV-C31 0.095 Unch 946 1.580 1.630 18.20 30/03/2018 0.030 0.015 0.020 0.015 0096WA NEXGRAM-WA 0.020 Unch 57.2 0.035 0.100 242.86 16/05/2022
0.130 0.065 0.070 0.070 9318WB FITTERS-WB 0.070 Unch 27 0.380 1.000 181.58 12/10/2019 0.025 0.010 0.015 0.015 0096WB NEXGRAM-WB 0.015 Unch 1529.8 0.035 0.260 685.71 21/07/2023
0.740 0.230 0.535 0.520 9261WB GADANG-WB 0.520 -0.015 3458.3 0.520 1.060 203.85 29/11/2021 0.415 0.190 0.305 0.295 0172WA OCK-WA 0.305 0.005 1665.3 0.930 0.710 9.14 15/12/2020
0.210 0.075 0.145 0.140 539831 GAMUDA-C31 0.145 -0.010 458 5.340 4.900 -0.09 29/09/2017 0.255 0.060 0.135 0.125 7071WC OCR-WC 0.135 0.010 151 0.570 0.500 11.40 24/07/2021
0.165 0.040 0.040 0.040 539834 GAMUDA-C34 0.040 -0.060 35 5.340 5.150 -0.56 18/09/2017 0.370 0.195 0.295 0.285 5053WC OSK-WC 0.285 0.005 29.1 1.640 1.800 27.13 22/07/2020
0.115 0.110 0.110 0.110 539841 GAMUDA-C41 0.110 -0.005 10 5.340 5.600 12.08 30/03/2018 0.265 0.155 0.240 0.240 7052CM PADINI-CM 0.240 0.025 4 4.250 3.750 8.00 22/02/2018
1.480 1.140 1.340 1.330 5398WE GAMUDA-WE 1.340 -0.010 225.1 5.340 4.050 0.94 06/03/2021 0.145 0.025 0.140 0.125 0005WA PALETTE-WA 0.130 -0.010 10297 0.180 0.040 -5.56 20/03/2018
0.455 0.120 0.390 0.380 5226WA GBGAQRS-WA 0.385 Unch 2457.9 1.700 1.300 -0.88 20/07/2018 0.300 0.080 0.210 0.210 5125WA PANTECH-WA 0.210 -0.005 864.4 0.630 0.500 12.70 21/12/2020
0.330 0.100 0.140 0.140 0078CD GDEX-CD 0.140 -0.010 50 0.670 0.600 5.22 31/10/2017 0.300 0.105 0.230 0.220 5125WB PANTECH-WB 0.225 Unch 163.3 0.630 0.500 15.08 21/12/2021
0.075 0.055 0.065 0.060 0078CH GDEX-CH 0.060 Unch 2022.4 0.670 0.780 29.85 28/02/2018 0.270 0.130 0.155 0.130 5022WA PAOS-WA 0.155 0.005 6 0.500 0.500 31.00 14/12/2021
0.572 0.415 0.450 0.440 0078WB GDEX-WB 0.440 -0.005 69.4 0.670 0.383 22.76 05/02/2020 0.155 0.105 0.155 0.155 518312 PCHEM-C12 0.155 0.020 2 7.390 7.500 8.83 26/02/2018
0.345 0.105 0.140 0.130 471523 GENM-C23 0.140 0.015 162.5 5.960 5.500 -0.20 29/09/2017 0.200 0.150 0.200 0.195 518313 PCHEM-C13 0.195 0.045 40 7.390 7.000 3.96 31/05/2018
0.300 0.130 0.185 0.170 471524 GENM-C24 0.180 0.025 240.3 5.960 5.500 2.85 29/12/2017 0.255 0.035 0.105 0.085 5183C9 PCHEM-C9 0.095 0.020 1241.4 7.390 7.000 -0.78 29/09/2017
0.165 0.115 0.130 0.130 471528 GENM-C28 0.130 -0.010 40 5.960 6.300 13.56 28/02/2018 0.130 0.085 0.130 0.105 5681CS PETDAG-CS 0.110 Unch 361.5 24.600 24.100 2.44 30/03/2018
3.850 2.640 2.700 2.700 2291WA GENP-WA 2.700 -0.050 2 10.600 7.750 -1.42 17/06/2019 0.315 0.085 0.235 0.205 3042CC PETRONM-CC 0.235 0.030 3412.1 9.400 6.500 -0.85 29/09/2017
0.180 0.070 0.095 0.090 318242 GENTINGC42 0.095 0.005 600 9.840 9.500 2.34 29/12/2017 0.460 0.180 0.265 0.225 3042CD PETRONM-CD 0.255 0.035 3552.5 9.400 8.500 22.98 22/02/2018
1.950 1.240 1.720 1.680 3182WA GENTING-WA 1.720 0.050 1277.8 9.840 7.960 -1.63 18/12/2018 0.225 0.110 0.225 0.225 8869CQ PMETAL-CQ 0.225 0.005 100 3.780 2.680 6.61 30/04/2018
THU R S DAY S E PT E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China Stocks dip but reform hopes
largely oset North Korea jitters
SHANGHAI: China blue-chip share index
ended slightly weaker yesterday, but off the
days lows as strong gains in major state-
owned firms helped offset rising North
Korea tensions.
The CSI 300 Index fell 0.2% to 3,849.45
points, while the Shanghai Composite Index
closed little changed at 3,385.39.
Chinese firms controlled by the central
government rallied strongly in the afternoon,
amid continued expectations that Beijing will
step up efforts to restructure its lumbering
and often inefficient state-owned enterprises.
An index tracking major Shanghai-listed
firms with reform hopes rose 0.5% to hit
its highest since early 2016. It has gained
more than 12% so far this year.
However, investors appetite was curbed by
geopolitical concerns following North Koreas
biggest-ever nuclear test on Sunday and reports
that it is preparing more missile launches.
Pyongyang is ready to send more
gift packages to the US, one of its top
diplomats said on Tuesday.
UBS said in its monthly Asia-Pacific
investment report that although US-North
Korea relations have perhaps reached their
tensest point in decades, military conflict
is unlikely.
One possible risk stemming from the
crisis, according to UBS China strategist Gao
Ting, is potential trade friction between Beijing
and Washington triggered by differences over
how to resolve the North Korean issue.
This nuclear issue ... could affect the
Sino-American relationship, and trade is
part of that bilateral relationship, Gao said.
After a strong run-up in recent months, Gao
said Chinas market is starting to lose some
upward momentum, having fully priced in
stronger economic growth.
So, investors could shift attention to
structural opportunities such as those
created by state-owned enterprise reforms,
which will likely spur more mergers and
acquisitions.
There will be no more upside surprises
in terms of earnings, Gao said, predicting
profit growth at Chinese-listed firms may
slow to 5% in the second half, from 18%
during the January to June period.
Hong Kong stocks fell yesterday, echoing
declines in other global markets as rising
tensions on the Korean peninsula prompted
investors to take profits on this years strong rally.
The Hang Seng Index fell 0.46% to
27,613.76 points, while the China Enterprises
Index lost 0.56% to 11,128.77. The benchmark
index has gained some 25% so far this year.
Gao said that Hong Kong stocks, which
are vulnerable to US equity market volatility,
face uncertainty around issues such as
the US debt ceiling, US President Donald
Trumps tax reforms and rate moves by the
US Federal Reserve.
Most sectors lost ground yesterday, with
financial shares among the biggest decliners.
Europe Financials drag European
shares lower as ECB meeting nears
MILAN: European shares inched lower on
Tuesday, dragged down by losses in the
heavyweight financial sector as worries
over North Korea persisted and caution
grew before a European Central Bank
(ECB) policy meeting today.
The pan-European STOXX 600 Index
fell 0.1%, giving up the slight gains seen
earlier in the session, while eurozone blue
chips declined 0.28%.
Markets are downplaying North Korea
and focusing on economic fundamentals ...
investors should begin tilting their portfolios
towards being more defensive, said Peter
Garnry, head of equity strategy at Saxo
Bank, said in a note.
Eurozone banks were an outstanding
faller, down 1.6% to their lowest level in
around 10 weeks, with the sector back
in focus ahead of todays ECB meeting
that could shed light on the timing for an
unwinding of big stimulus.
The ECB is expected to announce
the end of its 2 trillion-plus bond-buying
scheme later this year, even though concern
among policymakers over a strong euro has
fuelled expectations the stimulus will not
be withdrawn quickly.
Its been very well telegraphed from
certain officials that the market should
really push expectations of a taper forward,
said Jonathan Roy, advisory investment
manager at Charles Hanover Investments.
Any delay in withdrawing the bond-
buying stimulus could hurt banks which
benefit when yields and interest rates rise.
Shares in Banco Santander, BNP Paribas,
UniCredit and Deutsche Bank were all
down between 1.7% and 1.9%.
In spite of the weakness, analysts at
some big investment banks were upbeat.
UBS strategists upgraded European banks to
overweight from neutral as they expected
cyclical sectors to get a boost when the ECB
eventually scales back its stimulus.
They also said that the recent
strengthening of the euro made them more
cautious about US-exposed stocks but more
positive on domestically exposed companies.
On the macroeconomic side, a survey
showing that eurozone business activity
remained strong in August was the latest
evidence that the blocs recovery is
maintaining its pace. The recovery has
been a key support behind the robust
earnings growth in the past two quarters.
Energy stocks were among the top-gaining
sectors, up 0.56 as oil prices rebounded.
Health stocks also rose, led by
Germanys Merck KGaA , up 2.4%, which
said that it was considering selling its
consumer health business.
Among mid-caps, Aveva rose 25.7%. The
British engineering software firm agreed to
combine with Schneider Electrics software
business, creating a London-listed company
worth more than 3 billion. Reuters

Shanghai Composite Hang Seng Euro STOXX 50 Index Dow Jones

Index points Index points
Index points Index points
5800 28900 3900 22500

4825 25625 21,056.93 3415 19275

2,772.70
3,385.39
3850 +1.07 22350 2930 16050
(+0.03%) 10,403.79
3,087.842 21,753.31
2875 19075
3,420.86 12825
-234.25
2445
27,613.76 -9.56 (-1.07%)
-127.59 (-0.28%)
1900 15800 (-0.46%) 1960 9600
Mar 1, 2010 Sept 6, 2017 Mar 1, 2010 Sept 6, 2017 Mar 1, 2010 Sept 5, 2017 Mar 1, 2010 Sept 5, 2017

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.220 0.125 0.130 0.125 7082WB SYF-WB 0.130 Unch 1034.3 0.455 0.700 82.42 11/11/2019
Main Market & Ace Market Warrants 0.165 0.040 0.080 0.080 5158CD TAGB-CD 0.080 Unch 290 0.375 0.300 1.33 31/10/2017
0.195 0.085 0.120 0.120 534735 TENAGA-C35 0.120 Unch 10 14.400 13.800 0.83 30/11/2017
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY
0.150 0.130 0.130 0.130 534701 TENAGA-MC01 0.130 Unch 10 14.400 14.000 5.35 14/12/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
0.490 0.235 0.315 0.310 7252WA TEOSENG-WA 0.310 0.005 75 0.915 1.350 81.42 29/01/2020
0.225 0.100 0.225 0.210 8869CS PMETAL-CS 0.225 0.015 515.5 3.780 3.080 11.24 30/04/2018 0.160 0.040 0.085 0.085 0145WA TFP-WA 0.085 -0.005 85 0.170 0.100 8.82 15/02/2019
0.400 0.220 0.400 0.385 8869CT PMETAL-CT 0.395 0.015 1549 3.780 2.900 8.07 30/04/2018 3.350 2.600 2.670 2.620 7034WA TGUAN-WA 2.620 -0.050 15.8 4.110 1.500 0.24 09/10/2019
0.255 0.170 0.255 0.240 8869CU PMETAL-CU 0.255 0.015 300.6 3.780 3.000 6.35 19/03/2018 0.105 0.060 0.060 0.060 7889WB THRIVEN-WB 0.060 Unch 90.1 0.245 0.640 185.71 05/10/2020
0.215 0.160 0.215 0.205 8869CV PMETAL-CV 0.215 0.005 190 3.780 3.300 10.05 22/03/2018 0.025 0.005 0.015 0.015 7079WB TIGER-WB 0.015 0.005 20 0.060 0.170 208.33 23/12/2018
0.145 0.130 0.145 0.145 8869CX PMETAL-CX 0.145 0.015 35 3.780 3.580 17.72 31/05/2018 0.040 0.010 0.025 0.020 7079WC TIGER-WC 0.025 Unch 513.4 0.060 0.080 75.00 11/02/2021
0.160 0.135 0.160 0.150 8869CY PMETAL-CY 0.155 0.010 1697.5 3.780 3.900 19.58 30/03/2018 0.115 0.050 0.050 0.050 486318 TM-C18 0.050 -0.010 30 6.400 6.600 6.25 07/12/2017
0.205 0.200 0.205 0.200 8869CZ PMETAL-CZ 0.205 Unch 160.2 3.780 3.300 8.99 30/03/2018 0.315 0.125 0.160 0.145 0101WB TMCLIFE-WB 0.145 Unch 400.4 0.735 0.750 21.77 21/06/2019
3.400 2.200 3.400 3.320 8869WC PMETAL-WC 3.370 0.050 114.6 3.780 0.390 -0.53 22/08/2019 0.810 0.560 0.595 0.595 8397WC TNLOGIS-WC 0.595 Unch 60 1.590 1.000 0.31 26/12/2018
1.050 0.640 0.820 0.800 7088WB POHUAT-WB 0.800 -0.030 722 1.770 1.000 1.69 21/10/2020 0.485 0.109 0.400 0.395 7285WA TOMYPAK-WA 0.400 Unch 272.8 0.935 0.930 42.25 21/06/2021
0.185 0.100 0.145 0.135 463411 POS-C11 0.140 Unch 819.5 5.450 5.300 8.81 30/04/2018 0.200 0.035 0.140 0.135 711317 TOPGLOV-C17 0.140 0.015 80 5.680 5.200 2.64 29/12/2017
0.710 0.225 0.605 0.600 7168WA PRG-WA 0.600 Unch 64 1.010 0.375 -3.47 06/07/2019 0.360 0.230 0.230 0.230 5401WA TROP-WA 0.230 Unch 20.6 0.950 1.000 29.47 06/12/2019
0.710 0.425 0.435 0.435 8966WA PRLEXUS-WA 0.435 Unch 9.6 1.190 1.200 37.39 14/06/2021 0.425 0.110 0.245 0.235 5042WB TSRCAP-WB 0.245 0.025 20 0.660 0.700 43.18 28/12/2020
0.145 0.040 0.080 0.075 7145WA PSIPTEK-WA 0.080 Unch 201 0.135 0.100 33.33 16/11/2019 0.100 0.005 0.005 0.005 5230CJ TUNEPRO-CJ 0.005 Unch 100 1.090 1.600 47.71 28/09/2017
0.140 0.020 0.055 0.055 0007WA PUC-WA 0.055 Unch 640 0.125 0.100 24.00 25/12/2024 0.175 0.005 0.010 0.005 5230CN TUNEPRO-CN 0.005 -0.005 80 1.090 1.500 38.30 30/11/2017
0.145 0.015 0.050 0.045 0007WB PUC-WB 0.045 -0.005 367.8 0.125 0.100 16.00 15/02/2019 0.100 0.015 0.020 0.020 514845 UEMS-C45 0.020 -0.005 3493.6 1.150 1.200 9.04 31/10/2017
0.550 0.205 0.210 0.205 6807WB PUNCAK-WB 0.205 -0.015 7 0.755 1.000 59.60 20/07/2018 0.060 0.040 0.040 0.040 514846 UEMS-C46 0.040 -0.015 5 1.150 1.300 17.39 30/03/2018
0.750 0.235 0.630 0.610 7134WA PWF-WA 0.615 -0.015 54.5 1.120 0.620 10.27 20/07/2021 0.160 0.125 0.125 0.125 514852 UEMS-C52 0.125 -0.010 250 1.150 1.100 9.24 31/05/2018
0.170 0.025 0.080 0.065 5256WA REACH-WA 0.075 0.010 11167.1 0.300 0.750 175.00 12/08/2022 0.125 0.085 0.090 0.085 4588C2 UMW-C2 0.085 -0.015 120 5.380 5.700 13.85 30/04/2018
0.110 0.020 0.030 0.030 1066C2 RHBBANK-C2 0.030 Unch 209 5.070 5.600 12.23 28/02/2018 0.195 0.070 0.075 0.075 7091WA UNIMECH-WA 0.075 Unch 60 1.040 1.500 51.44 18/09/2018
0.090 0.050 0.060 0.050 5270WA RSENA-WA 0.055 0.005 17054 0.460 0.500 20.65 01/12/2023 0.395 0.195 0.320 0.320 5005CV UNISEM-CV 0.320 -0.035 5 4.070 3.100 -0.25 30/11/2017
0.120 0.025 0.050 0.045 0133WC SANICHI-WC 0.045 Unch 54.2 0.170 0.210 50.00 24/09/2019 0.200 0.110 0.165 0.165 5005CX UNISEM-CX 0.165 -0.020 257.3 4.070 3.450 3.01 30/11/2017
0.150 0.060 0.095 0.075 0133WD SANICHI-WD 0.080 Unch 2049.3 0.170 0.100 5.88 21/07/2019 0.230 0.120 0.170 0.170 5005CY UNISEM-CY 0.170 -0.005 6 4.070 4.000 10.81 08/01/2018
0.290 0.065 0.240 0.220 5157WA SAUDEE-WA 0.225 -0.005 1619.3 0.455 0.500 59.34 31/03/2021 0.200 0.170 0.190 0.185 5005CZ UNISEM-CZ 0.190 0.010 180 4.070 3.800 7.37 31/05/2018
0.605 0.305 0.465 0.460 7247WA SCGM-WA 0.465 -0.005 50.2 2.880 3.960 53.65 31/07/2020 0.150 0.150 0.150 0.150 0097CB VITROX-CB 0.150 Unch 10 4.600 4.880 32.17 31/05/2018
0.185 0.055 0.105 0.105 0161WA SCH-WA 0.105 Unch 77 0.200 0.100 2.50 04/12/2021 0.100 0.100 0.100 0.100 0097CC VITROX-CC 0.100 Unch 10 4.600 5.180 30.00 31/05/2018
0.785 0.160 0.420 0.415 7073WB SEACERA-WB 0.415 0.005 24 0.935 1.000 51.34 29/05/2019 0.135 0.025 0.050 0.040 0069WB VIVOCOM-WB 0.045 0.005 13716 0.125 0.200 96.00 07/09/2018
0.170 0.010 0.030 0.030 5250CF SEM-CF 0.030 Unch 699.9 1.410 1.550 14.18 28/11/2017 0.150 0.050 0.070 0.065 0069WC VIVOCOM-WC 0.070 0.005 905.1 0.125 0.100 36.00 22/01/2020
0.270 0.015 0.020 0.015 521838 SENERGYC38 0.020 0.005 985 1.470 1.650 14.97 30/11/2017 0.150 0.055 0.075 0.070 0069WD VIVOCOM-WD 0.070 Unch 486.5 0.125 0.100 36.00 08/07/2020
0.110 0.050 0.060 0.050 521846 SENERGYC46 0.060 0.010 2850 1.470 1.700 25.03 30/01/2018 0.055 0.020 0.040 0.030 7070WB VIZIONE-WB 0.040 0.005 326.4 0.135 0.160 48.15 20/06/2018
0.110 0.055 0.065 0.065 521847 SENERGYC47 0.065 0.010 425 1.470 1.700 24.49 30/01/2018 0.095 0.030 0.085 0.075 7070WC VIZIONE-WC 0.080 0.005 7434.3 0.135 0.100 33.33 05/02/2022
0.200 0.115 0.160 0.155 5279CA SERBADK-CA 0.160 Unch 808.9 2.110 2.000 13.74 02/02/2018 0.650 0.200 0.585 0.570 7240WA VOIR-WA 0.585 -0.005 237.7 1.030 0.500 5.34 31/03/2024
0.095 0.090 0.095 0.090 5279CD SERBADK-CD 0.095 Unch 110.2 2.110 2.600 36.73 30/03/2018 0.230 0.115 0.225 0.220 6963CN VS-CN 0.220 -0.005 70 2.370 2.000 2.95 08/12/2017
0.215 0.075 0.110 0.110 0055WA SERSOL-WA 0.110 Unch 30 0.175 0.180 65.71 18/04/2023 0.150 0.090 0.140 0.140 6963CO VS-CO 0.140 0.005 41.2 2.370 2.200 7.59 30/11/2017
0.190 0.040 0.050 0.045 419714 SIME-C14 0.050 0.005 490.1 9.070 9.000 1.98 29/12/2017 0.055 0.010 0.020 0.015 0066WA VSOLAR-WA 0.015 -0.005 8138.8 0.105 0.120 28.57 01/12/2017
0.230 0.120 0.205 0.185 7155CE SKPRES-CE 0.205 0.015 690 1.490 1.200 1.17 25/01/2018 0.720 0.240 0.705 0.690 6963WA VS-WA 0.700 Unch 5744.8 2.370 1.650 -0.84 06/01/2019
0.245 0.070 0.075 0.075 9776WB SMCAP-WB 0.075 Unch 104 0.615 1.000 74.80 13/07/2018 0.135 0.010 0.010 0.010 3565CA WCEHB-CA 0.010 -0.005 940 1.260 1.650 32.54 30/11/2017
0.285 0.135 0.175 0.155 0093WA SOLUTN-WA 0.175 0.015 565.9 0.280 0.200 33.93 04/07/2021 0.340 0.010 0.010 0.010 9679CZ WCT-CZ 0.010 Unch 10 1.760 2.000 14.49 31/10/2017
0.155 0.115 0.155 0.140 8664C2 SPSETIA-C2 0.155 0.010 1590 3.570 3.600 11.69 30/03/2018 0.665 0.150 0.170 0.155 9679WD WCT-WD 0.155 -0.010 991.6 1.760 1.710 5.97 11/12/2017
0.210 0.045 0.080 0.060 8664CV SPSETIA-CV 0.080 0.005 670 3.570 3.400 4.20 31/10/2017 0.570 0.175 0.305 0.305 9679WE WCT-WE 0.305 -0.005 532.6 1.760 2.080 35.51 27/08/2020
0.400 0.080 0.210 0.180 8664CW SPSETIA-CW 0.210 0.035 1058.7 3.570 3.400 4.06 29/12/2017 0.930 0.490 0.685 0.640 7245WA WZSATU-WA 0.685 -0.015 74 1.070 0.500 10.75 28/10/2024
0.200 0.020 0.050 0.050 8664CY SPSETIA-CY 0.050 0.010 780 3.570 3.900 12.04 08/12/2017 0.220 0.020 0.145 0.135 5156WC XDL-WC 0.145 Unch 66.9 0.255 0.160 19.61 02/07/2018
0.125 0.020 0.060 0.060 0140WA STERPRO-WA 0.060 Unch 394.3 0.170 0.480 217.65 17/02/2021 0.020 0.005 0.020 0.015 0095WA XINGHE-WA 0.015 -0.005 18293.8 0.055 0.100 109.09 22/03/2019
0.150 0.030 0.055 0.050 7143WA STONE-WA 0.050 -0.010 129 0.230 0.300 52.17 21/06/2020 0.110 0.035 0.055 0.055 0165WA XOX-WA 0.055 0.005 120 0.100 0.200 155.00 10/02/2019
0.165 0.095 0.150 0.140 0080WA STRAITS-WA 0.150 0.010 6067.6 0.210 0.115 26.19 10/08/2022 0.185 0.050 0.060 0.050 7020WB YKGI-WB 0.055 Unch 190.4 0.185 0.500 200.00 28/05/2020
0.065 0.015 0.025 0.025 1201WA SUMATEC-WA 0.025 -0.005 100 0.050 0.320 590.00 03/03/2021 1.100 0.645 0.985 0.935 7066WA YONGTAI-WA 0.935 -0.015 37.7 1.440 0.500 -0.35 24/06/2020
0.060 0.015 0.015 0.015 1201WB SUMATEC-WB 0.015 -0.005 37.8 0.050 0.175 280.00 13/11/2018 0.100 0.020 0.030 0.025 4677C8 YTL-C8 0.030 Unch 483.5 1.410 1.500 8.51 29/12/2017
0.205 0.110 0.195 0.195 5263CJ SUNCON-CJ 0.195 -0.010 450 2.300 1.840 1.20 31/10/2017 0.090 0.035 0.045 0.045 4677C9 YTL-C9 0.045 Unch 100 1.410 1.400 5.67 07/12/2017
0.505 0.150 0.385 0.385 3743WA SUNSURIA-WA 0.385 Unch 98.2 1.400 1.500 34.64 22/07/2020 0.450 0.280 0.300 0.295 6742WB YTLPOWR-WB 0.300 Unch 146.8 1.410 1.140 2.13 11/06/2018
0.235 0.060 0.155 0.145 0148WB SUNZEN-WB 0.150 -0.005 505 0.355 0.250 12.68 25/02/2021 0.115 0.040 0.050 0.045 2283WA ZELAN-WA 0.045 Unch 293.3 0.120 0.250 145.83 25/01/2019
0.155 0.020 0.025 0.020 710627 SUPERMX-C27 0.025 0.005 1456 1.830 2.000 12.02 02/02/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
 3 0 Markets T HUR SDAY SEP TEM B ER 7, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Sept 5, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Chinas steady iron ore imports
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
7-ELEVEN MALAYSIA 2,445,500 DYMM SULTAN IBRAHIM JOHOR 102,400,000 28 TO 30/8
BARAKAH OFFSHORE PETROLEUM 8,116,600 UNITED POWER GROUP LTD. HK 90,672,100 28, 30/8
& 5/9
BOUSTEAD 251,000 LEMBAGA TABUNG ANGKATAN TENTERA 1,227,442,818 29 & 30/8
BUMI ARMADA (3,065,000) EMPLOYEES PROVIDENT FUND BOARD 333,294,880 25/8
CAHYA MATA SARAWAK 1,002,400 EMPLOYEES PROVIDENT FUND BOARD 129,339,027 28/8
CAPITALAND MSIA MALL TRUST (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 196,065,700 28/8
DIALOG GROUP (421,000) EMPLOYEES PROVIDENT FUND BOARD 689,725,350 28/8
DIGI.COM 1,011,800 EMPLOYEES PROVIDENT FUND BOARD 1,055,144,554 28/8
GLOBETRONICS TECHNOLOGY 316,100 EMPLOYEES PROVIDENT FUND BOARD 28,812,500 28/8
GLOBETRONICS TECHNOLOGY (221,700) KUMPULAN WANG PERSARAAN 15,018,600 30/8
(DIPERBADANKAN)
HEVEABOARD 731,600 EMPLOYEES PROVIDENT FUND BOARD 27,392,000 28/8
HONG LEONG BANK 243,100 EMPLOYEES PROVIDENT FUND BOARD 268,855,821 28/8
IGB REAL ESTATE INVEST TRUST (300,100) KUMPULAN WANG PERSARAAN 217,568,400 30/8
(DIPERBADANKAN)
IGB REAL ESTATE INVEST TRUST 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 236,225,113 28/8
IJM CORPORATION (507,400) EMPLOYEES PROVIDENT FUND BOARD 540,780,978 28/8
IJM CORPORATION 2,714,700 AMANAHRAYA TRUSTEES 208,000,000 29/8
- SKIM AMANAH SAHAM BUMIPUTERA
INARI AMERTRON (3,950,000) KUMPULAN WANG PERSARAAN 161,503,750 30/8
(DIPERBADANKAN)
IOI CORPORATION 398,800 EMPLOYEES PROVIDENT FUND BOARD 582,856,673 28/8
KUALA LUMPUR KEPONG (1,003,200) EMPLOYEES PROVIDENT FUND BOARD 166,611,688 28/8
MALAKOFF CORPORATION 330,000 KUMPULAN WANG PERSARAAN 409,725,234 30/8
(DIPERBADANKAN)
MALAYAN BANKING 2,033,900 EMPLOYEES PROVIDENT FUND BOARD 1,263,409,992 28/8 LME base metals contracts relative price performance in 2017
MALAYSIA AIRPORTS (200,000) EMPLOYEES PROVIDENT FUND BOARD 170,651,417 28/8
MAXIS 862,400 EMPLOYEES PROVIDENT FUND BOARD 819,484,827 28/8
MEDIA PRIMA 505,400 MORGAN STANLEY & CO. LLC. US 84,029,300 29 & 30/8
POS MALAYSIA (243,000) EMPLOYEES PROVIDENT FUND BOARD 58,251,436 28/8
PUBLIC BANK 334,400 EMPLOYEES PROVIDENT FUND BOARD 510,229,400 28/8
SAPURA ENERGY 250,000 KUMPULAN WANG PERSARAAN 356,421,924 30/8
(DIPERBADANKAN)
SIME DARBY (375,100) KUMPULAN WANG PERSARAAN 394,214,373 30/8
(DIPERBADANKAN)
SIME DARBY 3,577,700 EMPLOYEES PROVIDENT FUND BOARD 725,854,431 28/8
SIME DARBY 500,000 AMANAHRAYA TRUSTEES 2,857,312,475 29/8
- SKIM AMANAH SAHAM BUMIPUTERA
SKP RESOURCES 2,321,700 EMPLOYEES PROVIDENT FUND BOARD 73,249,100 28/8
SUNWAY (1,102,300) EMPLOYEES PROVIDENT FUND BOARD 111,532,191 25 & 28/8
SUNWAY REAL ESTATE 2,757,600 EMPLOYEES PROVIDENT FUND BOARD 392,092,500 25 & 28/8
INVEST TRUST
SUNWAY REAL ESTATE (500,000) AMANAHRAYA TRUSTEES 207,486,100 29/8
INVEST TRUST - SKIM AMANAH SAHAM BUMIPUTERA
TA GLOBAL 5,072,800 DATUK TIAH THEE KIAN 506,551,838 28 TO 30/8
& 5/9
TENAGA NASIONAL (6,476,100) EMPLOYEES PROVIDENT FUND BOARD 699,028,142 25 & 28/8
TENAGA NASIONAL (2,000,000) KUMPULAN WANG PERSARAAN 311,692,925 30/8
(DIPERBADANKAN)
TIGER SYNERGY (679,000) DATO TAN WEI LIAN 340,127,400 28 & 29/8
TUNE PROTECT GROUP 2,477,600 RIVER AND MERCANTILE ASSET 41,001,500 28& 29/8
MANAGEMENT LLP., UK
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia. Note: * denotes Ace Market

Local events to watch out for today

Malaysia Fintech Innovation Summit 2017 tre, Jalan Setia Dagang AG U13/AG, Setia Stocks closest to year high Stocks closest to year low
at Intercontinental Hotel, Jalan Ampang, Alam Seksyen, Shah Alam from 9am to
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
Kuala Lumpur at 8.30am to 2pm. 5pm. (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
Jeffrey Cheah Institute MEA Economic An international kiosk-based dessert NESTLE 85.000 84.260 84.300 340.6 MKLAND 0.265 0.260 0.265 94.2
Seminar Series on Policy Imperatives To beverage brand, CoolBlog innovates on LUXCHEM 0.855 0.775 0.845 8335 WCEHB-CA 0.010 0.010 0.010 940
Drive Future Growth, at Sasana Kijang, finding the best of local and global fla- UCHITEC 2.300 2.270 2.280 875.2 SALCON 0.405 0.390 0.390 5014
Conference Hall 2, Bank Negara Malay- vours using ice blended and smoothie PTRANS 0.380 0.355 0.370 37301.2 FGV-C29 0.060 0.045 0.045 250.2
MAXWELL-WA 0.015 0.005 0.010 13036.8 EKSONS 0.850 0.835 0.835 235
sia, Jalan Dato Onn, Kuala Lumpur from based creations. Launch event at Saloma
POHKONG 0.625 0.605 0.615 2727.2 AIRASIAC55 0.085 0.080 0.085 1279.9
9am to noon. Bistro, Jalan Ampang, Kuala Lumpur at TOMEI 0.865 0.830 0.850 644.9 TM-C18 0.050 0.050 0.050 30
Road to GEC, a kick-off to the Global 2.30pm. MIECO 1.190 1.060 1.190 13270.1 MKH-WB 0.560 0.515 0.520 217
Entrepreneurship Community Summit Mercedes-Benz Malaysia invites to witness PCHEM-C13 0.200 0.195 0.195 40 ECON-CG 0.125 0.120 0.125 99
2017 at Malaysian Global Innovation and the forging of a new partnership and the N2N-WA 0.515 0.500 0.510 224.6 MRCB-C23 0.085 0.085 0.085 10
Creativity Centre, Block 3730, Persiaran launch of the Mercedes-Benz Auto Com- MUHIBAH 2.950 2.870 2.900 674.4 BRIGHT-WB 0.045 0.040 0.045 270
PCHEM-C12 0.155 0.155 0.155 2 EURO 0.190 0.180 0.190 185.7
Apec, Cyberjaya from 9am to 4pm. merz Autohaus at Mercedes-Benz Auto
PMETAL-CT 0.400 0.385 0.395 1549 MKH 2.120 2.080 2.080 548.8
Selangor Smart City and Future Com- Commerz Autohaus, G-1, PV128, Jalan SCIENTX 9.100 8.850 9.000 734.9 CYL 0.660 0.660 0.660 10
merce Convention 2017 from today until Genting Klang from 3.30 pm to 5pm. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Saturday at Setia City Convention Cen- could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
prot-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI SPORE AUST MSIA CHINA BANGLH DENMK UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.605 0.722 0.689 0.553 0.894 0.976 0.976 0.905 3.0596 4.708 58.594 4.498 2.650 9,624 46.259 78.560 5.607 36.820 2.628 2.706 5.744 23.914 5.647
EURO 1.654 1.193 1.140 0.914 1.478 1.613 1.614 1.497 5.0600 7.787 96.904 7.439 4.383 15,915 76.503 129.923 9.272 60.893 4.346 4.475 9.499 39.549 9.338
US $ 1.386 0.838 0.955 0.766 1.239 1.352 1.352 1.254 4.2400 6.525 81.200 6.234 3.672 13,336 64.105 108.869 7.770 51.025 3.642 3.750 7.959 33.140 7.825
SWISS FR 1.451 0.877 1.047 0.802 1.297 1.415 1.416 1.313 4.4389 6.831 85.009 6.526 3.845 13,962 67.113 113.976 8.134 53.418 3.812 3.926 8.333 34.695 8.192
STERLING 1.809 1.094 1.306 1.247 1.617 1.765 1.765 1.637 5.5357 8.519 106.014 8.139 4.795 17,412 83.695 142.138 10.144 66.617 4.754 4.896 10.392 43.267 10.216
CANADA $ 1.119 0.676 0.807 0.771 0.618 1.091 1.091 1.012 3.4227 5.267 65.548 5.032 2.965 10,766 51.749 87.883 6.272 41.189 2.940 3.027 6.425 26.752 6.317
BRUNEI $ 1.025 0.620 0.740 0.707 0.567 0.916 1.000 0.928 3.1363 4.826 60.063 4.611 2.717 9,865 47.418 80.529 5.747 37.743 2.694 2.774 5.888 24.513 5.788
SINGAPORE $ 1.025 0.620 0.740 0.706 0.566 0.916 1.000 0.928 3.1359 4.826 60.055 4.611 2.716 9,863 47.412 80.519 5.747 37.738 2.693 2.774 5.887 24.510 5.787
AUSTRALIA $ 1.105 0.668 0.797 0.762 0.611 0.988 1.078 1.078 3.3810 5.203 64.749 4.971 2.928 10,634 51.118 86.813 6.196 40.687 2.904 2.990 6.347 26.426 6.240
MALAYSIA RM 0.327 0.198 0.236 0.225 0.181 0.292 0.319 0.319 0.296 1.0000 1.539 19.151 1.470 0.866 3,145 15.119 25.677 1.833 12.034 0.859 0.884 1.877 7.816 1.846
100 CHINESE RMB 21.238 12.842 15.326 14.639 11.739 18.985 20.719 20.722 19.219 64.9810 1,244 95.538 56.284 204,388 982.462 1,668 119.078 781.990 55.809 57.474 121.984 507.894 119.925
100 BANGLADH TAKA 1.707 1.032 1.232 1.176 0.943 1.526 1.665 1.665 1.544 5.2217 8.036 7.677 4.523 16,424 78.948 134.075 9.569 62.838 4.485 4.618 9.802 40.813 9.637
100 DANISH KRONER 22.230 13.442 16.042 15.323 12.287 19.872 21.687 21.689 20.117 68.0160 104.67 1,303 58.912 213,934 1,028.35 1,746 124.64 818.51 58.42 60.16 127.68 531.62 125.53
100 UAE DIRHAM 37.735 22.817 27.229 26.009 20.856 33.731 36.812 36.816 34.148 115.4527 177.67 2,211 169.74 363,139 1,746 2,964 211.57 1,389 99.16 102.12 216.73 902.38 213.07
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.009 0.0318 0.049 0.609 0.047 0.028 0.481 0.816 0.058 0.383 0.027 0.028 0.060 0.248 0.059
100 INDIA RUPEE 2.162 1.307 1.560 1.490 1.195 1.932 2.109 2.109 1.956 6.6141 10.179 126.666 9.724 5.729 20,804 169.827 12.120 79.595 5.680 5.850 12.416 51.696 12.207
100 JAPAN YEN 1.273 0.770 0.919 0.877 0.704 1.138 1.242 1.242 1.152 3.8946 5.993 74.585 5.726 3.373 12,250 58.883 7.137 46.868 3.345 3.445 7.311 30.440 7.188
100 NORWEGIAN KRONER 17.836 10.785 12.870 12.294 9.858 15.944 17.399 17.402 16.140 54.5700 83.978 1,045 80.231 47.266 171,642 825.056 1,401 656.702 46.867 48.266 102.440 426.521 100.711
100 PHILIPPINE PESO 2.716 1.642 1.960 1.872 1.501 2.428 2.650 2.650 2.458 8.3097 12.788 159.138 12.217 7.197 26,137 125.636 213.365 15.228 7.137 7.350 15.599 64.949 15.336
100 QATAR RIYAL 38.056 23.011 27.461 26.231 21.034 34.019 37.125 37.130 34.438 116.4355 179.184 2,230 171.188 100.851 366,230 1,760 2,990 213.369 1,401 102.985 218.576 910.065 214.887
100 SAUDI RIYAL 36.953 22.344 26.665 25.470 20.424 33.033 36.049 36.054 33.440 113.0606 173.990 2,165 166.226 97.928 355,615 1,709 2,903 207.185 1,361 97.101 212.241 883.686 208.658
100 SWEDISH KRONOR 17.411 10.528 12.564 12.001 9.623 15.564 16.985 16.987 15.756 53.2700 81.978 1,020.168 78.320 46.140 167,553 805.401 1,368 97.618 641.058 45.751 47.116 416.361 98.312
100 THAI BAHT 4.182 2.528 3.018 2.882 2.311 3.738 4.079 4.080 3.784 12.7942 19.689 245.020 18.811 11.082 40,242 193.438 328.511 23.445 153.967 10.988 11.316 24.018 23.612
100 HK$ 17.710 10.708 12.779 12.207 9.788 15.831 17.277 17.279 16.026 54.1846 83.385 1,037.684 79.664 46.932 170,429 819.229 1,391 99.294 652.064 46.536 47.925 101.717 423.509
Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
THU R S DAY S E P T E MB E R 7, 20 17 T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
1980 90000 18.00 -1.00 92.229 4.5
1,766.50 (Unch) (-0.023) 3.50
(+2.00) (Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Sept 6, 2017 Jan 4, 2010 Sept 6, 2017 Oct 2, 2006 Sept 6, 2017 Oct 1, 2000 Sept 6, 2017

FBM KLCI futures FBM KLCI futures US dollar steadies before Klibor
contracts close higher INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
central bank meetings MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on FBMKLCI 1,772.48 2.85 128.7M The US dollar steadied in a quiet market SEP7 96.53
OCT7 96.51
Bursa Malaysia Derivatives closed SEP 17 1,766.50 2.00 4,256 29,244 210 yesterday, with traders appearing to be NOV7 96.50
higher yesterday in tandem with the OCT 17 1,765.00 1.00 142 249 107
in wait-and-see mode ahead of a slew of DEC7 96.48
DEC 17 1,763.50 2.00 75 356 12
positive performanceofthe underlying MAR 18 1,762.00 4.50 6 65 5
central bank meetings, most importantly MAR8 96.48
cash market. the European Central Bank (ECB) today. JUN8 96.48
TOTAL 4,479 29,914 334
SEP8 96.48
September 2017 and December The euro has climbed around 14% against DEC8 96.48
2017 rose two points each to 1,766.5 FUTURES
SEP/OCT
ROLL OVER BID
-0.5
OFFER
-1.5
CLOSE
-1.0
the US dollar since the start of the year. Last MAR9 96.48
and 1,763.5 respectively; October 2017 week hit its strongest levels since early 2015 JUN9 96.48
improvedonepointat1,765 and March FUTURES FAIR VALUE as investors bet on a winding-back of the SEP9 96.48
CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE DEC9 96.48
2018 rose4.5points to 1,762. SEP 17 23 3.55 7.37 -3.82
ECBs stimulus programme and pushed MAR0 96.48
Turnover decreased to 4,479 lots OCT 17 55 8.48 9.75 -1.27 back their expectations for further rate hikes JUN0 96.48
from 4,973lots on Tuesday, while open ROLLS FAIR 2.55 from the US Federal Reserve. SEP0 96.48
interest widenedto 29,914contracts from Amid this surge in the euro which is DEC0 96.48
MAR1 96.48
29,812contracts. likely to push down inflation investors will
JUN1 96.48
The underlying benchmark FBM KLCI be looking out for signs that ECB President SEP1 96.48
finished 2.85points higherat 1,772.48. Mario Draghi has become concerned about DEC1 96.48
Southeast Asian markets were subdued the exchange rate, and that the currencys MAR2 96.48
yesterday as tensions surrounding North powers remained uncertain in their response strength could delay any policy tightening JUN2 96.48
TOTAL 0 0
Korea continued to escalate while global to Pyongyangs latest nuclear test. Agencies plans. Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 200000 6400 0.700 155.00 1980

3450 5075 0.3553 0.525 121.25 1660

152500
(RM3,319/tonne) 1,340.20
(-0.40)
2700 105000 3750 0.350 87.50 1340
49.21
(+0.55)
1950 53.75 1020
2,744 57500 2425 0.175
(-23) 2,744
1200 10000 (-23) 20.00 700
1100 0.000
Jan 6, 2008 Sept 6, 2017 Apr 10, 2007 Sept 6, 2017 Aug 31, 2008 Sept 6, 2017
Jan 6, 2008 Sept 6, 2017

Palm oil futures fall on CPO futures Oil prices up after strom Commodities

stronger ringgit CONTRACT

SEP-17
LAST
2,720
CHANGE
-20
VOLUME
127
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,068 47
Harvey fallout AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,744 -23
RUBBER SEN/KG MRB 717.00 10.00
OCT-17 2,736 -20 1,641 15,081 -428
Malaysian palm oil futures prices slipped Oil prices rose yesterday as strong global CORN USC/BSH CBOT 343.50 -0.75
NOV-17 2,744 -23 23,972 68,068 451
SOYBEANS USC/BSH CBOT 960.50 -0.10
back yesterday as traders reacted to a DEC-17 2,754 -22 7,599 30,286 1,624 refining margins and the reopening of
WHEAT USC/BSH CBOT 425.00 -5.50
stronger ringgit, reversing on gains made JAN-18 2,767 -23 7,177 32,943 251 US Gulf Coast refineries provided a more LIVE CATTLE USC/IBS CME 109.38 0.00
in the previous session. CPO FUTURES CPO/SOYOIL bullish outlook after sharp drops due to COCOA US$/TON NYBOT 1,898 -48
The benchmark palm oil contract for INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) storm Harvey. COFFEE USC/IBS NYBOT 127.55 -0.30
SEP/OCT -16 -74.29
November delivery on Bursa Malaysia SEP/NOV -24 3 MONTHS AVERAGE -96.51
International benchmark Brent crude SUGAR USC/IBS NYBOT 14.59 -0.04
Derivatives lost 0.8% to RM2,744 a tonne. SEP/DEC futures gained 81 US cents to US$54.19 a COTTON USC/IBS NYC 73.25 -0.36
-34 6 MONTHS AVERAGE -90.50
On Tuesday the price had broken four OCT/NOV -8 barrel. METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,770 -30
straight sessions of losses and rose 2.25%, SGS & ITS EXPORT ESTIMATES (TONNES) US West Texas Intermediate crude futures COPPER USC/IBS CMX 3.1350 0.0120
registering its biggest gain since July 25. SHIPMENT DAYS JUN17 JUL17 AUG17 were up 55 US cents at US$49.21 a barrel. GOLD US$/TROY OZ CMX 1,340.20 -0.40
A futures trader based in Kuala Lumpur 1 - 10TH DAYS 367/367 381/360 363/355 Prices are extending the momentum PLATINUM US$/TROY OZ NYMEX 1,016.00 7.00
said palm oil slid as a strengthening in the 1 - 15TH DAYS 524/509 616/599 537/512
seen in the last few days due to a number of PALLADIUM US$/TROY OZ NYMEX 959.40 2.40
1 - 20TH DAYS 710/721 818/797 693/679
ringgit caused traders to be wary. 1 - 25TH DAYS 996/986 1,044/1,017 956/934
US refineries restarting after Harvey, said SILVER USC/TROY OZ CMX 17.99 0.12
Market was lacklustre in the second-half FULL MONTH Harry Tchilinguirian, head of commodity ALUMINIUM RMB/TON SHF 16,320 -125
1,210/1,190 1,260/1,239 1,259/1,243
ZINC RMB/TON SHF 25,110 -290
of trading but tumbled towards the close MALAYSIAN PALM OIL BOARD markets strategy at BNP Paribas.
due to ringgit strengthening quite steeply, APR17 MAY17 JUN17 JUL17 There were concerns over a big drop in ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 49.21 0.55
the trader said. PRODUCTION 1,548 1,655 1,514 1,827 crude demand but with refinery restarts or HEATING OIL USC/GAL NYMEX 1.7470 0.0147
A stronger ringgit makes the oil price less EXPORT
STOCKS
1,283
1,600
1,506
1,558
1,379
1,527
1,398
1,784
announcements of them ... we see that their NATURAL GAS US$/MMBTU NYMEX 3.040 -0.004
attractive to buyers holding foreign currencies. infrastructure has been mostly preserved, BRENT CRUDE US$/BBL ICE 54.19 0.81
MPOB Palm oil physical
Data released from the Southern Peninsula he said. Reuters GAS OIL US$/TON ICE 521.50 4.50
Palm Oil Millers Association yesterday, (IN RM/TON) AUG17 SEP17 OCT17

showing a drop of 33.45% in production for CPO DELD

PK EX-MILL
2,734.50 NO TRADE NO TRADE
2,600.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - Msia SMR 20
Sept 1 to Sept 5, did nothing to allay concerns CPKO DELD 5,338.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
about the ringgits performance as traders RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
look forward to export and production figures RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
584.50
later in the month. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+13.50) 1475 717.00
Some traders have also taken the MPOB FFB REF PRICE (MILL GATE PRICE) (+10.00)

opportunity to cash out when palm hit the REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
RM2,775 intra-day high on Tuesday, another NORTH 20.00% 614 19.00% 587 18.00% 561
Kuala Lumpur-based trader said. SOUTH 20.00% 618 19.00% 591 18.00% 564
500 625
Market participants have been expecting CENTRAL 20.00% 612 19.00% 585 18.00% 558
output to rise in the coming months. EAST COAST 20.00% 612 19.00% 585 18.00% 559 300 200
SABAH 22.00% 595 21.00% 571 20.00% 547 Jan 7, 2007 Sept 6, 2017 Jan 7, 2007 Sept 6, 2017
Reuters SARAWAK 22.00% 602 21.00% 577 20.00% 552
 Markets
32 T HU R SDAY SEP TEM B ER 7, 2 0 17 TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,772.48 2.85 FBM ACE 6,586.73 9.92 FTSTI 3,232.47 18.79 NIKKEI 19,357.97 27.84 HANG SENG 27,613.76 127.59 DOW JONES 21,753.31 234.25

What you have become is the price you paid to be Market movers
what you used to want. Mignon McLaughlin
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW TITIJYA-PR 190,882.2 UNCH UNCH 0.010 0.00
('000) (%) (RM) (RM) (RM) (RM) HUAAN 121,009.3 -0.015 -7.14 0.195 0.00
Index point
1773.0 1,772.48 HIAPTEK 55,619 6.41 0.025 0.415 0.415 0.380 MLAB 68,789.7 -0.010 -5.56 0.170 0.00
1771.6 (+2.85) VSOLAR 29,743 -4.55 -0.005 0.105 0.120 0.100 FRONTKN 58,525.1 0.020 5.71 0.370 13.46 14.29
KL Composite Index HIAPTEK-WB 25,777 11.11 0.020 0.200 0.200 0.175 CSL 58,329.2 -0.010 -14.29 0.060 8.86 0.00
1770.2
1768.8 VIZIONE 24,454 3.85 0.005 0.135 0.140 0.130 HIAPTEK 55,619.4 0.025 6.41 0.415 13.13 0.77
1,766.50 MAXWELL 22,741 -22.22 -0.010 0.035 0.045 0.030 PALETTE 46,222.0 -0.020 -10.00 0.180 0.00
1767.4 (+2.00) ATTA-LA 21,636 -8.33 -0.010 0.110 0.125 0.105 TRIVE-WB 40,426.7 0.005 14.29 0.040 0.00
1766.0
RSENA-WA 17,054 10.00 0.005 0.055 0.060 0.050 XINGHE 39,386.6 -0.010 -15.38 0.055 6.19 0.00
1764.6 KLCI futures KSTAR 14,143 15.79 0.015 0.110 0.115 0.090 PTRANS 37,301.2 0.010 2.78 0.370 15.19 1.25
1763.2 VIVOCOM-WB 13,716 12.50 0.005 0.045 0.050 0.040 VSOLAR 29,742.5 -0.005 -4.55 0.105 0.00
1761.8 MAXWELL-WA 13,037 0.00 0.000 0.010 0.015 0.005 DNEX-WD 29,543.2 UNCH UNCH 0.215 0.00
1760.4 MQTECH 9,525 0.00 0.000 0.050 0.055 0.050 HIAPTEK-WB 25,777.1 0.020 11.11 0.200 0.00
1759.0 TRIVE 9,251 15.00 0.015 0.115 0.120 0.100 VIZIONE 24,453.9 0.005 3.85 0.135 118.18 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
RSENA 8,337 2.22 0.010 0.460 0.460 0.450 MAXWELL 22,740.7 -0.010 -22.22 0.035 0.00
LUXCHEM 8,335 11.18 0.085 0.845 0.855 0.775 ATTA-LA 21,636.3 -0.010 -8.33 0.110 0.00
Daily FBM KLCI VIZIONE-WC 7,434 6.67 0.005 0.080 0.085 0.075 AT 20,773.6 UNCH UNCH 0.040 0.00
KBUNAI 5,818 0.00 0.000 0.070 0.070 0.065 ANZO 19,603.1 -0.005 -4.55 0.105 0.00
KL Composite Index Moving average - 20-day XINGHE-WA 18,293.8 -0.005 -25.00 0.015 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,772.48 SANICHI 18,252.6 -0.015 -8.11 0.170 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(+2.85) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1425.0
1,773.07 FBM KLCI ends higher, bucks CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

the trend in the region PETRONM

LAFMSIA
9.400
5.550
0.230
0.230
AJI
BAT
18.900
43.140
-1.080
-0.320
1122.5 HLFG 17.000 0.220 BKAWAN 18.720 -0.180
UTDPLT 27.980 0.220 INARI-WA 2.320 -0.160
KUALA LUMPUR: Malaysian stocks bucked the regional PANAMY 37.500 0.220 MISC 7.310 -0.140
820.0 trend to finish higher yesterday, as bargain hunting helped NESTLE 84.300 0.200 UMW 5.380 -0.130
Jan 2, 2008 Sept 6, 2017 the market to recover from yesterdays fall. KLUANG 3.680 0.180 TOCEAN 0.595 -0.120
The FBM KLCI closed 0.16% or 2.85 points higher at F&N 24.500 0.180 MFCB 3.410 -0.110
900
1,772.48. The market traded between an intraday high of G3 0.710 0.160 SERBADK-CD 0.095 -0.105
VITROX 4.600 0.140 PPB 16.700 -0.100
1,772.62 and a low of 1,767.07 yesterday.
600 HSSEB 1.190 0.140 WARISAN 1.990 -0.100
Malacca Securities Sdn Bhd senior analyst Kenneth BURSA 10.000 0.140 APEX 1.420 -0.100
300 Leong said while the FBM KLCI opened lower yesterday,
bargain-hunting activities in selected heavyweights pushed Top gainers and losers (ranked by percentage)
0
the benchmark index higher.

Volume (mil)
It is also probably because of the stronger ringgit and UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
higher crude oil prices that pushed the key index upward,
FBM KLCI futures he told theedgemarkets.com. E&O-C7 0.010 100.00 GAMUDA-C34 0.040 -60.00

CONTRACT SETTLEMENT CHANGE HIGH LOW

Leong said trading volume is at a healthy 2 billion range TIGER-WB 0.015 50.00 SERBADK-CD 0.095 -52.50
GTRONIC-CK 0.175 34.62 MTOUCHE-WA 0.005 -50.00
SEP 17 1,766.50 2.00 1,766.50 1,759.50 since Tuesday, indicating fresh money coming into the SENERGYC38 0.020 33.33 FGV-C27 0.005 -50.00
OCT 17 1,765.00 1.00 1,765.00 1,760.00 market. PCHEM-C13 0.195 30.00 TUNEPRO-CN 0.005 -50.00
DEC 17 1,763.50 2.00 1,763.50 1,759.50
However, trading volume fell to 2.21 billion shares worth G3 0.710 29.09 MALAKOF-CW 0.005 -50.00
RM1.81 billion compared with Tuesdays 2.53 billion shares HSI-H2I 0.135 28.57 EKA-WA 0.010 -50.00
FBM KLCI sensitivity* worth RM2.18 billion. Market breadth was positive with 407 PCHEM-C9 0.095 26.67 KGROUP-WB 0.010 -33.33
FBMKLCI-C3A 0.025 25.00 VITROX-CC 0.100 -33.33
KLCI CHANGE CLOSE VOLUME gainers compared with 377 losers.
POINTS (RM) (RM) ('000) IJM-C5 0.050 25.00 WCEHB-CA 0.010 -33.33
GENTING MALAYSIA 1.37 0.140 5.960 3872.2
According to Bloomberg, Asian shares finished lower SUPERMX-C27 0.025 25.00 MAGNUM-CY 0.010 -33.33
PETRONAS CHEMICAL 1.19 0.090 7.390 9067.6 yesterday, to extend losses for a second day in a row, after SPSETIA-CY 0.050 25.00 APFT-WA 0.010 -33.33
MAYBANK 0.87 0.050 9.470 10042.4 North Koreas nuclear test on Sunday rattled global equity
SIME DARBY 0.79 0.070 9.070 3192.2 markets. Top gainers and losers - warrants (ranked by percentage)
DIGI.COM 0.51 0.040 4.860 1666.1 Japans Nikkei 225 dropped 0.14%, South Koreas Kospi
HONG LEONG FINANCE 0.42 0.220 17.000 102.6 UP CHANGE DOWN CHANGE
MAXIS 0.39 0.030 5.760 1276.3
fell 0.29%, while Hong Kongs Hang Seng Index was down CLOSE (%) CLOSE (%)
GENTING 0.38 0.060 9.840 3372.5 0.46%. by Wong Ee Lin E&O-C7 0.010 100.00 GAMUDA-C34 0.040 -60.00
IJM CORPORATION 0.00 0.000 3.360 4168.7
World equity indices TIGER-WB 0.015 50.00 SERBADK-CD 0.095 -52.50
PPB GROUP -0.20 -0.100 16.700 410.9 GTRONIC-CK 0.175 34.62 MTOUCHE-WA 0.005 -50.00
KLCC PROP REIT -0.21 -0.070 7.810 1266.0 CLOSE CHANGE CLOSE CHANGE SENERGYC38 0.020 33.33 FGV-C27 0.005 -50.00
HONG LEONG BANK -0.21 -0.060 15.400 464.7
DOW JONES 21,753.31 -234.25 INDONESIA 5,824.14 -5.84 PCHEM-C13 0.195 30.00 TUNEPRO-CN 0.005 -50.00
IHH HEALTHCARE -0.27 -0.020 5.980 2373.0
S&P 500 2,457.85 -18.70 JAPAN 19,357.97 -27.84 HSI-H2I 0.135 28.57 MALAKOF-CW 0.005 -50.00
YTL CORPORATION -0.36 -0.020 1.410 3649.1
NASDAQ 100 5,932.73 -55.17 KOREA 2,319.82 -6.80 PCHEM-C9 0.095 26.67 EKA-WA 0.010 -50.00
AXIATA GROUP -0.89 -0.060 4.990 6854.3
FTSE 100 7,372.92 -38.55 PHILIPPINES 7,983.97 -65.38 FBMKLCI-C3A 0.025 25.00 KGROUP-WB 0.010 -33.33
MISC -1.03 -0.140 7.310 1908.6
AUSTRALIA 5,689.73 -16.50 SINGAPORE 3,232.47 -18.79 IJM-C5 0.050 25.00 VITROX-CC 0.100 -33.33
SUB-TOTAL 2.74
CHINA 3,385.39 1.07 TAIWAN 10,547.86 -69.98 SUPERMX-C27 0.025 25.00 WCEHB-CA 0.010 -33.33
OTHERS 0.11
HONG KONG 27,613.76 -127.59 THAILAND 1,621.30 0.88 SPSETIA-CY 0.050 25.00 MAGNUM-CY 0.010 -33.33
GRAND TOTAL 2.85
INDIA 31,661.97 -147.58 VIETNAM 793.55 1.24 MUHIBAH-CD 0.305 22.00 APFT-WA 0.010 -33.33
* How stock price changes affected the index on the previous trading day

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FBM KLCI 1761.14 8.35 KLCI FUTURES 1775.50 13.00 STI 3249.34 18.28 RM/USD 4.2655
PP 9974/08/2013 (032820)
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WEDNESDAY AUGUST 30, 2017 ISSUE 2483/2017

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