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Axiata to incur
RM3.33b
impairment from
discipline prope
p
rty d
e
or tal
e
India write-down How tthehe nnew
ew ggovt
ovt you n
4 HOME BUSINESS h as ffared
has areed and w hat
what
Motion to reopen lies beyond
beyond eelection
lectio
on
probe into 1MDB pleedges.
pledges.
passed by Emir Zainul &
Dewan Rakyat Supriya Surendran
Sureendran
8 HOME BUSINESS have the sto ory
story
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onn Pages 6 & 7.
of 2H as unclear
on SST details
11 H O M E B U S I N E S S

July vehicle sales

rise 41% thanks to
zero-rated GST
15 H O M E
Dr Mahathir: CEP will not be
Dewan Rakyat
approves repeal of dissolved just yet 4 HOME BUSINESS
anti-fake news law
 FBM KLCI 1777.27 8.67 KLCI FUTURES 1776.00 6.00 STI 3211.93 22.19 RM/USD 4.1030 CPO RM2222.00 6.00 OIL US$71.13 0.37 GOLD US$1181.70 3.50
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FRIDAY AUGUST 17, 2018 ISSUE 2715/2018

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MAKE
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DECISIONS I was scolded for dissenting
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Axiata to incur
RM3.33b
impairment from
discipline
India write-down How the new govt
4 HOME BUSINESS has fared and what
Motion to reopen lies beyond election
probe into 1MDB pledges.
passed by Emir Zainul &
Dewan Rakyat Supriya Surendran
8 HOME BUSINESS have the story
Carlsberg cautious on Pages 6 & 7.
of 2H as unclear
on SST details
11 H O M E B U S I N E S S

July vehicle sales

rise 41% thanks to
zero-rated GST
15 H O M E
Dr Mahathir: CEP will not be
Dewan Rakyat
approves repeal of dissolved just yet 4 HOME BUSINESS
anti-fake news law
2 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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Axiata to incur
RM3.33b impairment
from India write-down
Figure arrived at after including RM2.17b initial investment
BY ADAM AZIZ
KUALA LUMPUR: Axiata Group
Bhd will recognise an impairment
of RM3.33 billion in the carrying
value of its investment in Idea Cel-
lular Ltd, which is now part of In-
dia’s largest telecom company,
Vodafone Idea Ltd.
The RM3.33 billion write-down
is expected to have a material im-
pact on the group’s earnings, earn-
ings per share, net assets (NA) per
share and gearing for the financial
year ending Dec 31, 2018 (FY18).
This follows the completion of
the merger between Idea, Voda-
fone India Ltd and Vodafone Mo-
bile Services Ltd, whose account-
ing standards require Axiata to
de-recognise and reclassify its
investment in Idea from associ-
ate to simple investment, as the
group’s shareholding in the com-
bined entity is diluted to 8.17%
from 16.33%.
Spooked investors pull out US$1.4b
from emerging markets — IIF
BY M ARC JONES
LONDON: Investors rattled by
events in Turkey, China and South
Africa have pulled US$1.3 billion
(RM5.33 billion) out of emerg-
ing market stocks in the last week
and US$100 million from bonds,
according to the Institute of In-
ternational Finance (IIF), which
tracks financial flows.
An emerging market sell-off has
picked up pace over the last week
as concerns about Turkey and oth-
ers have compounded longer-term
worries about a global trade war, a
strong dollar and rising borrowing
and energy costs.
The Washington-based IIF said
the exodus of investment money
Turkish finance minister rules out capital controls as policy option
BY ONUR ANT, CONS TANTI NE
COURCOULAS & SELC U K G O KO LU K
ANKARA: Turkey will not impose
capital controls to support the bat-
tered lira, Finance and Treasury
Minister Berat Albayrak said in his
first conference call with investors
worried about the fate of the Mid-
dle East’s largest economy. The
currency gained against the dollar.
Imposing restrictions on cap-
ital movements is not an option
THE EDGE FILE PHOTO
In a filing with Bursa Malaysia
yesterday, Axiata said the RM3.33
billion figure was arrived at after
including the group’s initial invest-
ment of RM2.17 billion based on
Idea’s market value as at Wednes-
day, against the deduction of
RM5.44 billion from the carrying
value of its investment in Idea.
Axiata also announced that it
has relinquished its rights to ap-
point a representative as a board
member and to the board audit
this week has largely been concen-
trated in South Africa and China,
amounting to US$600 million and
US$500 million respectively.
However, India has also turned
negative this week as debt flows
reversed, and Malaysia, Indone-
sia, South Korea, the Philippines
and Vietnam have all seen mon-
ey leave, albeit at moderate pace.
“Turbulence, amid heightened
tensions between the US and Tur-
key, has clearly weighed on inves-
tor appetitive for emerging market
assets,” the IIF said in a new report.
South Africa’s reliance on port-
folio debt and equity flows to fi-
nance its large and widening cur-
rent account deficit has amplified
its moves, it added.
in a free-market system, Albay-
rak said on the call yesterday. The
minister, President Recep Tayyip
Erdogan’s son-in-law, said he is
focused on fixing key weaknesses
in Turkey’s US$880 billion (RM3.61
trillion) economy, including rein-
ing in inflation and narrowing the
current-account deficit.
The call offered a glimpse into
the new economy chief’s thinking
amid an escalating dispute with the
US over a detained American pas-
For breaking news updates go to
www.theedgemarkets.com
committee of Idea, as well as the
anti-dilution rights, which will also
result in Idea being “reclassified
as a financial asset measured at
fair value through other compre-
hensive income”.
For illustrative purposes, as-
suming the relinquishment of
rights and Idea’s reclassification
was completed at end-2017, Axiata
said it could have resulted in Ax-
iata’s incurring a net loss in FY17
to the tune of RM2.78 billion, from
a net profit of RM909.48 million
prior to the changes.
Its gearing — based on FY17
— would also rise to 0.91 times
from 0.78 times previously, while
its NA would decrease to RM2.33
per share, a reduction of 40 sen
from RM2.73 per share prior to its
stake reduction in Idea.
Axiata shares closed nine sen or
2.06% lower at RM4.29 yesterday,
bringing a market capitalisation of
RM39.73 billion.
Nearly 80% of foreign investor
flows to South Africa since 2015
have been in the form of portfolio
investment — buying assets like
bonds or shares. Direct invest-
ment, such as building a factory,
accounted for less than 10% of
total inflows.
“The impact of market strains
is likely to be most acute for coun-
tries with relatively large external
financing needs,” the IIF said.
Thailand, Qatar and Brazil were
the only countries in its sample
group that saw money come into
their asset markets over the last
week, while the wider sell-off
had not been as severe as when
US-China trade tensions first
erupted, it added. — Reuters
tor that has roiled financial markets
in Turkey and beyond. The lira lost
as much as a quarter of its value in
the span of a few weeks after the US
sanctioned members of Erdogan’s
government, prompting regulators
to make it more costly to bet against
the currency.
Some investors on the call said
they were reassured by Albayrak’s
comments, though they criticised
his lack of detail on key issues. “His
delivery was solid and reassuring,”
HNA in talks
to sell New
York’s 850 Third
Ave to B&L
BY G IL L IA N TA N
NEW YORK: Debt-ridden Chi-
nese conglomerate HNA Group
Co is in talks to sell Manhattan’s
850 Third Ave — a building un-
der scrutiny by the US govern-
ment because of its proximity
to Trump Tower — to a New
York-based real estate compa-
ny, according to people with
knowledge of the matter.
The transaction with B&L
Management Co values the
21-storey building at US$452 mil-
lion (RM1.85 billion) and would
cause HNA to realise a loss, ac-
cording to the people, who asked
not to be identified because the
talks aren’t public. A contract has
yet to be signed, and no deposit
has been made, the people said.
HNA owns 90% of the building,
with minority partners MHP Real
Estate Services and Atco Proper-
ties & Management LLC own-
ing the rest. Both partners have
waived their rights to match the
offer, a move that would’ve re-
quired seeking an equity partner
to step in for HNA’s stake.
Any sale to a US buyer would
likely satisfy concerns from the
Committee on Foreign Invest-
ment in the US (CFIUS) regarding
HNA’s ownership of the building,
which is just four blocks away
from Trump Tower. HNA and
its partners paid US$463 mil-
lion for the Third Avenue tower
in 2016, before Donald Trump
became president, and the Chi-
nese company has been trying
to sell it since at least February.
CFIUS reviews the national
security implications of foreign
investments. There are “unique
facts and circumstances” re-
garding the location, a repre-
sentative for HNA said earli-
er this month. One potential
issue is that 850 Third hous-
es one of only two police pre-
cincts that are within a mile of
Trump Tower, the president’s
base when he’s in New York.
HNA has said it’s taking steps
to address CFIUS’ concerns —
issues that didn’t exist when
HNA bought the property.
The scrutiny comes amid
rising tensions between the
US and China’s government,
which is said to have decid-
ed to help HNA pull itself out
of recent liquidity challenges.
— Bloomberg
Brown Brothers Harriman & Co
strategist Win Thin said by email.
The lira gained while Albay-
rak spoke, trading 3.7% stronger
at 5.7322 per dollar at 5.31pm in
Istanbul.
On inflation, Albayrak said the
central bank alone would not be
able to rein in price gains to tar-
geted levels without tighter fiscal
policy. Consumer-price growth
exceeded 15% last month, triple
the official target. — Bloomberg
4 HOME BUSINESS
Dr Mahathir: CEP will not
be dissolved just yet
The prime minister still needs its services until it solves all the country’s problems
BY EM I R ZA I N U L & CHESTER TAY
KUALA LUMPUR: The Council
of Eminent Persons (CEP), or the
Council of Elders, will continue its
advisory role to the government,
Prime Minister Tun Dr Mahathir
Mohamad said, adding that its disso-
lution date has yet to be determined.
The prime minister said the gov-
ernment still needs the CEP’s servic-
es to help solve many of the coun-
try’s problems.
The CEP comprises former fi-
nance minister Tun Daim Zainud-
din, former Bank Negara Malaysia
governor Tan Sri Dr Zeti Akhtar Aziz,
former Petroliam Nasional Bhd chief
executive officer Tan Sri Mohd Has-
san Marican, tycoon Robert Kuok
and prominent economist Professor
Dr Jomo Kwame Sundaram.
Dr Mahathir had announced the
establishment of the CEP to ad-
vise the new cabinet, shortly after
assuming office, following the Pa-
katan Harapan coalition’s historic
victory in the 14th general election
on May 9.
Dr Mahathir dismissed talks that
the CEP will be dissolved 100 days
after the new Pakatan government
came into office, which falls today.
“They (rumours) think that the
CEP will come to an end [after 100
days], but I never said so. I still need
their services until they solve all the
problems,” he told reporters after
Motion to reopen probe into 1MDB passed by Dewan Rakyat
BY SANGEETHA AMARTHALINGAM
& CHESTER TAY
KUALA LUMPUR: The Pakatan
Harapan government’s motion for
the Public Accounts Committee
(PAC) and the auditor-general to
reopen investigations into 1Ma-
laysia Development Bhd (1MDB)
was approved by the Dewan Rak-
yat yesterday.
The motion, brought by Finance
Minister Lim Guan Eng, was passed
with a majority voice vote after six
members of parliament (MPs) from
both sides of the divide debated
on it.
The six are Datuk Seri Hassan
Arifin (BN-Rompin), Tony Pua
(PH-Damansara), Lim Kit Siang
(PH-Iskandar Puteri), Fahmi Fa-
zil (PH-Lembah Pantai), Tan Sri
Annuar Musa (BN-Ketereh) and
Ahmad Marzuk Shaary (PAS-Peng-
kalan Chepa).
“Thank you to the MPs who par-
ticipated in this debate to support
the motion brought by the gov-
ernment to reopen investigations
into the 1MDB scandal to restore
launching the country’s first private
cardiac vascular specialist hospital
here yesterday.
When asked how long the CEP
will continue to function, Dr Ma-
hathir said the council’s services are
still needed until many of the coun-
try’s problems have been solved,
declining to give a specific deadline.
“I myself can’t do all the work,”
he said.
Although he gave assurance that
most of the issues will be resolved,
Dr Mahathir admitted that he is
not sure that the five-year term is
enough for the Pakatan government
to “totally fix” the country.
“The manifesto was written on
the basis of what we knew about
what the [then] government was
doing. But when we took over, we
found that the situation is much
worse, and much more money was
borrowed,” he said.
“The machinery of the govern-
ment has been subverted. We find
ourselves working in an environ-
ment that is not really dedicated to
what we want to do. [That’s why] we
need to remove some people. All
these things hinder the progress,”
Dr Mahathir said.
He noted that some of the re-
form initiatives need to be passed
by the parliament, hence fulfilling
Pakatan’s promises requires more
time than initially planned.
“So while we made a promise that
the dignity of the Dewan Rakyat, and
for all related information to be made
public,” said Guan Eng in his wind-
ing-up speech after the debate.
“Whether we like it or not, we have
to admit that whatever that took place
previously doesn’t reveal the true
position of the 1MDB scandal,” he
said. “It is time for us to have the truth
about the scandal.”
Guan Eng believes the new PAC
will now conduct a thorough investi-
gation into 1MDB which can provide
closure to the issue.
The motion calls for a detailed in-
vestigation into the “embezzlement of
monies and the scandal with regard
to 1MDB and its related companies
to restore the dignity of the Dewan
Rakyat”. It also calls for all related in-
formation to be made public.
Earlier, Barisan Nasional’s Ann-
uar said the coalition agreed to the
fresh investigations, and asked that
the probe be carried out openly un-
til there is a closure to the issue. He
hoped that the new PAC, which has
an opposition MP as its chair, would
do its job with utmost responsibility.
“Please call whomever that needs
Dr M noted that some of the reform
initiatives need to be passed by the
parliament, hence fulfilling Pakatan’s
promises requires more time than initially
planned. Photo by Suhaimi Yusuf
we should do things in [the first] 100
days, the most we could do was to
start these things,” he added.
Meanwhile, Economic Affairs
Minister Datuk Seri Mohamed Az-
min Ali denied that the tenure of the
CEP is being extended because the
cabinet is underperforming.
“Cabinet functions very effec-
tively,” he said in reply to questions
from reporters at the parliament
lobby yesterday.
Mohamed Azmin said the CEP
has no power to make any “govern-
mental decisions”, as that authority
belongs absolutely to the cabinet.
“They (CEP) are not making any
to be called. If the session needs to
be opened to the public, then do so
[and investigate it] until there is clo-
sure to the matter which is of national
interest.
“1MDB has also got internation-
al exposure. So we want to find the
truth. This motion must be support-
ed because as MPs we want to know
the truth. We should not protect or
hide anything.
“[Therefore] I support the mo-
tion. I hope it (1MDB) won’t happen
again,” he said.
Annuar said the government
should not waste time as, according
to him, the probe was initially sup-
posed to be conducted within the
first 100 days of Pakatan rule.
In the past, he said, the decision
that was reached by the PAC was
based on what was “thought to be
the right thing” by the previous BN
administration.
“Then we went through the gener-
al election where a lot was said about
1MDB and the public probably got
tired of listening to the arguments
from both sides. With this new gov-
ernment, we must give them a good
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
decisions. Their role is not to make
any decisions; they are just there to
pick up recommendations based on
the proposals received by various
parties, concerned citizens,” he said.
Mohamed Azmin said Dr Ma-
hathir should be allowed to decide
on the tenure of the CEP.
“Let the PM decide. He has said
that he needs more time, as there
are so many issues when we came
into Putrajaya.
“The PM has made it very clear
that the CEP’s role is to go through
some major reports, which were
presented to the government,” Mo-
hamed Azmin said.
“Certainly, he needs a team to
study and look at the reports. The
CEP will put up recommendations
to the government, and not neces-
sarily we will agree with those rec-
ommendations.
“Finally, all of the recommenda-
tions will come back to the cabinet
for us to deliberate and discuss,”
Mohamed Azmin added.
The Cardiac Vascular Sentral
Kuala Lumpur is led by chairman
Tan Sri Dr Yahya Awang, with a team
of 20 experienced specialist doc-
tors. It represents a RM270 million
investment by TE Asia Healthcare
Partners, its first investment in Ma-
laysia, as the TPG Capital Asia port-
folio company looks into building
a regional network of specialised
medical specialties across Asia.
opportunity to highlight this issue
and find a solution,” he said.
Hassan, who was the chairman
of the PAC during the previous BN
administration, was accused dur-
ing the debate yesterday of declin-
ing the request by other members
of the committee then to summon
fugitive billionaire Low Taek Jho, or
more commonly known as Jho Low,
in the panel’s previous investigations.
Pua, who served as a PAC mem-
ber then, said Hassan had told the
committee that there was no need
to summon Jho Low.
“The committee had agreed to
summon Jho Low before [Hassan
took over as chairman], and after the
first meeting with us as chairman, he
said there is no need to summon Jho
Low,” said Pua.
“And we have wanted to summon
former prime minister Datuk Seri
Najib Razak, given that he is the sig-
natory of many documents, which
makes him a key witness. But he said
no need to even do that because the
[former] prime minister was not re-
lated to the investigation,” he said.
Hassan yesterday did not deny
‘M’sia must prove
Jho Low’s jet
was bought with
stolen money’
BY E MIR Z A IN UL & S UL H I A Z MA N
KUALA LUMPUR: The government
will work towards seizing the private
aircraft owned by fugitive business-
man Low Taek Jho, also known as
Jho Low, after it is proven that it was
bought using stolen money from
Malaysia, according to Prime Min-
ister Tun Dr Mahathir Mohamad.
Speaking to reporters after the
launch of the Cardiac Vascular Sen-
tral Kuala Lumpur yesterday, the
prime minister said that it is the
government’s utmost priority to
prove this before the aircraft, now
in Singapore, can be brought back
to Malaysia.
“Yes, we will try to get the jet
because we are of the opinion that
it was bought with money stolen
from Malaysia,” he said. “We have
to establish that the jet was bought
with stolen money. If he (Jho Low)
had stolen money from Malaysia,
then the jet is ours, just like the boat
(Equanimity),” Dr Mahathir added.
According to media reports, the
Bombardier Global 5000 aircraft
has been grounded at Singapore’s
Seletar Aerospace Park since 2017.
Dr Mahathir had said previous-
ly that Malaysia was in talks with
Singapore to bring the plane back.
Meanwhile, the lawyer acting
for troubled 1MDB, Sitpah Selva-
ratnam, said that investigations into
the super yacht Equanimity seized
by Malaysian authorities on Aug 7
are progressing as planned. “It [the
probe] is going as planned,” Sitpah,
a veteran shipping and maritime
lawyer, told reporters on the side-
lines of the four-day International
Malaysian Law Conference 2018
here yesterday.
Pua’s allegation, but said that under
the previous government, even the
police could not summon Jho Low,
hence there was not any need for
the PAC to summon the business-
man as it was beyond the capabil-
ities of the committee.
“Even the police could not sum-
mon him during that time, How
was PAC going to summon him?
And there are many international
protocols involved in summoning
him which the PAC was not able to
do,” he said.
“It was my deputy (former PAC
deputy chairman Tan Seng Giaw)
who made a statement to say that
the PAC investigations did not find
anything traceable to Pekan [Na-
jib],” he added.
PAS’ Ahmad Marzuk said his
party supported the motion as it
involves a matter of public interest.
He then asked that the 1990s foreign
exchange scandal be investigated
by the PAC as well.
Speaker Datuk Mohamad Ar-
iff Md Yusof, however, denied the
request on the grounds that it was
out of topic.
6 HOME BUSINESS
100 days of Pakatan — Balancing
promises with fiscal discipline
How the new government has fared and what lies beyond election pledges
BY EM I R ZA I N U L
& SU P R I YA SU REND RA N
KUALA LUMPUR: With today be-
ing its 100th day in power, Pakatan
Harapan’s journey thus far can be
likened to walking on a tight rope,
as the coalition makes the tran-
sition from the opposition to the
government of the day.
Pakatan’s “10 Promises in the
First 100 Days” manifesto has been
subjected to much scrutiny and
may been seen as a double-edged
sword that reminds the rakyat of
promises made good by the gov-
ernment they voted in but at the
same time serves as a checklist for
critics quick to point out promises
not kept. The government has a fine
balancing act ahead as it strives
to make good on its self-imposed
time-bound promises, and at the
same time ensure the country does
not run into a deficit.
However, economists said, a
gradual implementation of the
manifesto promises is key. Affin
Hwang Capital chief economist
and head of research Alan Tan said
this needs to be done to maintain
fiscal discipline.
“While Pakatan’s manifesto is
supportive of domestic demand,
especially on private consump-
tion, we believe that some of the
promises made should only be im-
plemented gradually because from
an investor’s point of view it is im-
portant for the new government to
ensure that it remains committed
to fiscal discipline in government
finances. It also should be noted
that the global economic environ-
ment has deteriorated and is not
as strong compared with the first
half of 2018.
“If the government were to ac-
celerate on all promises, this will
create a situation where the de-
pendency on government reve-
nue may not be enough to cover
the operating and development
expenditure, leading to a higher
fiscal position which would not
be too positive on the sovereign
rating side,” he told The Edge Fi-
nancial Daily.
Socio-Economic Research Cen-
tre (SERC) executive director, Lee
Heng Guie concurred. “The govern-
ment has to weigh fiscal and debt
sustainability, economic and busi-
ness implications as well as oth-
er non-economic considerations
when fulfilling the promises. The
implementation of programmes
and projects as well as tax meas-
ures as outlined in the manifesto
will have to take into account the
government’s financial position
and debt sustainability given the
RM1.03 trillion debt or 82% of gross
domestic product [as] at end-2017,”
he said.
Lee pointed out that while there
have been some accomplishments,
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
10 promises in the first 100 days — The progress so far rol prices, and investigating 1Ma-
laysia Development Bhd. Those
PROMISES STATUS were delivered within the first 30
Promise 1 - Abolish the GST and take steps Sales Tax Bill 2018 and the Services Tax Bill 2018 days.
to reduce cost of living. was passed in parliament on Aug 7 and Aug 8 respectively. “We should also consider the
Goods and Services Tax (Repeal) Bill 2018 was other reforms and work initiated
passed on Aug 8. to improve transparency and ac-
Promise 2 - Stabilise the price of petrol and Government allocated RM3 billion to subsidise fuel countability. These include the for-
introduce targeted petrol subsidies. prices for 2018 to maintain the retail price of RON95 at
mation of the Institutional Reforms
Committee, electoral action plan
RM2.20 and diesel at RM2.18 for the rest of the year, whereas
to reform the electoral and par-
the price of RON97 will be floated on a weekly basis.
liamentary processes, submission
Finance Minister said that the government will devise
of recommendations to achieve
a mechanism to enable the targeted subsidy to be allocated zero-corruption which include
using data on national identity cards which would ensure reforms in enforcement and gov-
only those who qualified would be able to access it. ernment agencies, revamping the
Promise 3 - Abolish unnecessary debts No progress reported so far. structure of judicial appointments,
imposed on FELDA settlers. limiting concentration of power
Promise 4 - Introduce EPF contribution Housewives registered with eKasih can now open EPF acounts and the vetting process for key
for housewives. with a minimum of RM5 from Aug 15 in the first of a public appointments.
three-phase programme, which the government “These reforms may not bring
will then contribute RM40 monthly. immediate economic value but are
important to restore confidence in
Promise 5 - Equalise the minimum wage PM said the implementation of the RM1,500 minimum
the country’s key institutions and
nationally and start the processes to wage will be done on a gradual basis to allow a recovery in the
judiciary system, and restoring
increase the minimum wage. country’s economy, and to avoid increased production and checks and balances in the sys-
living cost in the short term. tem,” she said.
Promise 6 - Postpone the repayment of PTPTN Deferment of PTPTN repayment for borrowers Syahredzan Johan, a lawyer and
to all graduates whose salaries are earning less than RM4,000 is under review. political secretary to Iskandar Put-
below RM4,000 per month and abolish the As of June, 429,945 PTPTN borrowers have been removed eri member of parliament Lim Kit
blacklisting policy. from the Immigration Department’s blacklist. Siang concurred, saying that there
Promise 7 - Set up Royal Commissions of Inquiry PM said government has to formulate concrete charges has been an improvement in trans-
on 1MDB, FELDA, MARA and Tabung Haji, against those involved in 1MDB before setting up RCI. parency with the new government.
and to reform the governance of these bodies. Separate committee on 1MDB issues formed. “For example, the revelations
Economic Affairs Minister said government will present about the financial situation of
“white paper” in the next parliament session on FELDA’s the country may cause some dis-
critical cash flow problem. comfort to investors, but they are
MARA to undergo reshuffling. needed to ensure that the public
Tabung Haji sees leadership change.
know what exactly is going on. Un-
der the previous regime we were
Promise 8 - Set up a Special Cabinet Committee to It was announced on July 19 that the special cabinet
always given a rosy picture, which
properly enforce the Malaysia Agreement 1963. committee has been set up, comprising of representatives is comforting to some but does not
from the Peninsula, Sabah and Sarawak who have expertise reflect the reality of the situation.
in the matter. “I hope that this more trans-
Promise 9 - Introduce “Skim Peduli Sihat” with No progress reported so far. parent way of governing will be a
RM500 worth of funding for the B40 group for prevalent feature of this govern-
basic treatments in registered private clinics. ment in the future,” he said.
Promise 10 - Initiate a comprehensive review of MRT3 scrapped. There are also calls for a more
all megaprojects that have been awarded to HSR under review. transparent system in business
foreign countries. ECRL under review. conduct, via open tenders for con-
LRT3 costs brought down. tracts, for example.
“Open tenders should be rein-
Fulfilled In progress No progress reported Source: Pakatan Harapan Manifesto, various news reports
troduced for new power-generation
projects but all proposals must be
there are also disappointments or tant steps. It’s high time for the Bridget Welsh asserted that there considered in terms of practicality
hurdles and challenges that over- government to announce a clear are still economic problems that given the Malaysian environment.
shadowed the government’s efforts roadmap for inclusive economic the Pakatan government would For example, the solar and wind
within the first 100 days. growth and restore the sentiment need to fix. availabilities in Malaysia are lim-
“While the electorate [want to of the private sector by bringing “Domestic business is lacklustre ited and these should be factored
make] political parties accountable in more certainty in their policy and many investments have yet to in without pandering to buzzwords
to their election promises, we need announcements. be approved, slowing the economy and unrealistic environmental ex-
to apply some objectivity and also “While corruption needs to be in a less than favourable global sit- pectations,” said Etiqa Insurance
assess how realistic the promises tackled systematically, the minis- uation. The new government has to and Takaful chief strategy officer
are in terms of being implemented ters should be seen announcing lay out a proper economic plan and Chris Eng Poh Yoon.
after an election.” positive, forward-looking steps in win the confidence of businesses “Instead, overall energy efficien-
Institute for Democracy and their respective portfolios. in its own right,” she said. cy should be promoted to better
Economic Affairs chief executive “One positive example is that the take care of the environment,” he
officer Ali Salman said populist housing minister has announced Improving transparency and added.
moves, such as the abolishment of that a new housing policy is to be accountability On another note, Eng added
the goods and services tax (GST), unveiled next month. Similarly, UOB Malaysia senior economist that the government has made bold
are viewed as bold though they all ministers should come up with Julia Goh believes that the gov- moves with regard to the evaluation
create bigger fiscal challenges. their respective plans while most- ernment’s progress within the first of some of the major infrastructure
“It has helped the public to in- ly reaffirming the manifesto but at 100 days has been commendable, contracts. “My hope is that for those
crease their level of trust in the the same time, must do a reality given the challenges from both the major infrastructure projects that
leadership and this is the polit- check,” he said. domestic and external fronts. have a clear multiplier effect such as
ical capital that the government Associate professor of political “The priority has been set on the mass rapit transit, these should
needs to use to take some impor- science at John Cabot University abolishing the GST, stabilising pet- CON T I N UES N EX T PAGE
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 7

‘Pakatan promises simply not practical’

BY E M I R Z A IN UL , deliver on its election promises
S U P RI YA S UR E N D R A N , “at all cost” because voters’ ex-
S ANG E E TH A A MA RT H A L IN G A M pectations are high.
& NE I LY SYA F IQA H E US O F F “I think PM (Prime Minister
Tun Dr Mahathir Mohamad) him-
KUALA LUMPUR: Former min- self has admitted that maybe they
isters from the Barisan Nasional have oversold the manifesto. But
coalition have derided Pakatan in most countries, a political man-
Harapan’s 10 promises in the first ifesto is considered as a promise,
100 days, saying that they were so this is what they will do, and
unattainable to begin with. deliver at all cost.
Former second finance minis- “I believe the voters also voted
ter Datuk Seri Johari Abdul Ghani on the manifesto. So of course,
told The Edge Financial Daily the expectation [on the govern-
that Pakatan has only realised ment] is high,” she said.
now that all of the things that Moving forward, Johari hoped
its members have criticised in that the government will focus on
the past are not that simple and growing the economy by imple-
straightforward to implement, menting the right economic policies
now that it is the government. for the benefit of the rakyat. Instead
“I have yet to see how they of putting out political statements to
(the Pakatan government) can blame the previous government on
reduce government expenditures the economy, he said, the govern-
by RM20 billion annually to cov- ment should work towards building
er the deficit of GST (goods and confidence among both domestic
services tax) revenue without and international investors.
The government has a fine balancing act ahead as it strives to make good on its self-imposed time-bound promises, and at the same introducing any new tax on the “Come out with a concrete plan
time ensure the country does not run into a deficit. Photo by Bernama rakyat,” he said, referring to one on how to reduce [the] unemploy-
of the claims that Pakatan made ment rate among graduates. The
when it was in the opposition. government must also put forward
FROM PR EV I O U S PAG E going down for businesses. What the ing programmes [which the pooled “All those promises that Pa- a strategy to reduce reliance on
continue or restart once proper cost government needs to do is be pro- fund supports],” Shamsuddin said. katan made to the rakyat are still foreign workers,” he said.
evaluation is in place.” active in reducing the costs of hiring outstanding such as cancelling Separately, Dr Mahathir ad-
foreign workers because with the Democratic freedom toll roads, fixing petrol price at mitted that he is not sure that the
Quicker resolution of labour presence of agents, the hiring costs Rashaad Ali, a research analyst with RM1.50 and deferring PTPTN five-year term is enough for the
issues per pax could cost up to RM10,000, the Malaysia Programme at the S (Perbadanan Tabung Pendidi- Pakatan government to rectify the
The pace for human resource is- but under a government-to-govern- Rajaratnam School of International kan Tinggi Nasional) payments. country’s problems. Although he
sues, especially those pertaining ment system the costs are not above Studies of the Nanyang Technologi- I don’t think they can fulfil them. gave his assurance that most of the
to the hiring of foreign workers RM4,000 per pax,” he said. cal University in Singapore, said he Those promises are simply not issues will be resolved, the prime
needs to be sped up, according to According to MEF, another is- hopes the government will repeal practical,” Johari added. minister indicated that more time
Malaysian Employers Federation sue which needs urgent attention undemocratic laws. Former minister in the Prime was needed to fulfil all the prom-
(MEF) executive director Datuk is employers’ contribution to the “Hopefully the government can Minister’s Department Datuk Seri ises in its election manifesto.
Shamsuddin Bardan. Human Resources Development turn their attention to democratic Azalina Othman Said also concurred “The manifesto was written on
“A lot of things need to be done. Fund (HRDF). reform by repealing undemocratic that it is good to see the previous the basis of what we knew about
Many issues are not resolved as To put things into perspective, laws, including the Printing Press- opposition coalition is now the gov- what the government was doing.
far as issues on human resources employers have to contribute 1% of es and Publications Act 1984, the ernment as they can understand But when we took over, we found
are concerned. This causes a lot of their monthly payroll to the HRDF Sedition Act 1948 and the Univer- how difficult it is to run the country. that the situation is much worse,
problems for employers. as levy, of which 70% of the total sities and University Colleges Act “It is not that easy [because] and much more money was bor-
“For example, when the gov- fund is claimable via various train- 1971,” he said. there are lot of things to evalu- rowed,” he told reporters after
ernment goes strong against the ing grants and schemes managed ate, especially in a multiracial the launch of Cardiac Vascular
hiring of illegal foreign workers by the HRDF, where employers Moving beyond the 100 days and multireligious country like Sentral Kuala Lumpur yesterday.
— that is of course the right thing choose the programmes that suit Beyond the 100 days, SERC’s Lee ours,” she told reporters at the “The machinery of the govern-
to do. But on the other hand, le- their business needs. The remain- said, the journey ahead is more Parliament lobby yesterday. ment has been subverted. We find
gal foreign workers are not avail- ing 30% of the levy goes towards the challenging as the government Johari believes that the abol- ourselves working in an environ-
able, as currently we are not able pooled fund to support strategic strives to fulfil the manifesto prom- ishment of the GST is a wrong ment that is not really dedicated
to bring in new workers as it still initiatives to achieve a 35% skilled ises. move by the government as he to what we want to do. [That’s
under consideration and policies workforce by 2020. “While the new government was claimed that it is an effective tax why] we need to remove some
are still being discussed. The Industrial-Based Certifica- elected with a strong mandate, it’s system to reduce the black econ- people. All these things hinder
“In the meantime employers are tion Programme (Inbase) is one of time to make more inroads into omy, and is good for the country progress,” Dr Mahathir added.
left in the lurch, and in that way it the strategic initiatives that uses economic and institutional ac- and rakyat in the long run. He noted that some of the re-
is going to hit the industries very the 30% pooled fund. complishments in the years ahead. “They should not have can- form initiatives need to be passed
badly,” he said. “The Inbase programme is now “Post 100 days, the era of re- celled the GST. They should just by Parliament, hence fulfilling
Shamsuddin added that the suspended, but the 30% [contribu- forming government, public insti- reduce the GST rate from 6% to Pakatan’s promises requires more
government’s move to break the tion to the fund] remains, so em- tutions, government-linked com- 4% to please the rakyat,” he said, time than initially planned.
monopoly of the hiring of foreign ployers don’t have the opportunity panies and government-linked offering an alternative to reduce “So while we made a promise
workers would not help to resolve to use that 30% to train their em- investment companies as well as the burden on the rakyat. that we should do things in [the
the workers shortage issue. ployees. The 30% that employers sweeping economic reforms and However, Azalina pointed out first] 100 days, the most we could do
“Opening up the hiring of foreign contribute should not be hived off overreach programmes would take that the Pakatan government will was to start these things,” he added.
workers does not translate into cost because currently there are no train- centre stage,” he said.
THE EDGE FILE PHOTOS

Tan: Some of the promises made should Shamsuddin: The government needs to Goh: The government’s progress within Lee: We need to apply some objectivity and Johari: They should not have cancelled
only be implemented gradually. reduce the costs of hiring foreign workers. the first 100 days has been commendable . also assess how realistic the promises are. the GST.
8 HOME BUSINESS FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

Carlsberg cautious
Earnings summary of companies which released results
on Thursday, August 16

QUARTER ENDED QUARTER ENDED Y-O-Y CHANGE

JUNE 30, 2018 JUNE 31, 2017 (%)

of 2H as unclear
(RM ‘000) (RM ‘000)

Hock Seng Lee Bhd-2QFY18

Revenue 154,245 75,896 103.23
Net Profit 14,118 9,782 44.33

on SST details
EPS (sen) 2.57 1.78 44.38

Daibochi Bhd-2QFY18
Revenue 106,373 86,836 22.50
Net Profit 4,651 5,045 -7.81
EPS (sen) 1.42 1.54 -7.79

Warisan TC Holdings Bhd-2QFY18

Revenue 112,080 134,274 -16.53
It’s uncertain about tax structure and its impact on spending Net Profit 1,772 839 111.20
EPS (sen) 2.72 1.29 110.85
BY A DA M A ZI Z annual turnover of RM3 million contribution by more than RM10
Apex Healthcare Bhd-2QFY18
(as previously) or of RM1 million. million in the first half of financial
KUALA LUMPUR: The exception- “There will be an impact. How year 2018 1HFY18. “I am quite Revenue 155,946 155,297 0.42
al growth in the domestic volume big that impact will be depends confident that we will see growth Net Profit 13,699 10,297 33.04
sales of Carlsberg Brewery Ma- on how the sales tax is applied,” coming in over the next nine, EPS (sen) 11.69 8.79 32.99
laysia Bhd in the first half ended said Lehmann. twelve months or earlier.”
June 30 may see some disruption “The [previous services tax] On synchronising Carlsberg’s Sarawak Plantation Bhd-2QFY18
in the medium term when the threshold for food and beverage marketing campaigns and busi- Revenue 66,948 82,949 -19.29
sales and services tax (SST) is outlets are at [annual revenue of ] ness strategies in Malaysia and Net Profit 2,394 4,223 -43.31
re-introduced in September as RM3 million … and the [expected] Singapore, he said the company EPS (sen) 0.86 1.51 -43.05
companies are still unclear of threshold is RM1 million. It all has made changes to perform
the tax structure. depends on the outcome [of the as “one company in two places”, Tasco Bhd-1QFY19
On the bright side, the brewery Aug 28 Parliamentary tabling]. which would increase its opera- Revenue 181,635 156,959 15.72
expects the third quarter to be We don’t know where it is going tional efficiency. Net Profit 5,071 7,044 -28.01
robust owing to the three-month to end up. In Sri Lanka, its associate, Lion EPS (sen) 2.54 3.52 -27.84
June to August zero-rated GST “If the sales tax is at 10% with Brewery (Celyon) PLC, has reg-
period which boosted sales. In a lower [revenue] threshold [for istered a profit of RM5.3 million Elk-Desa Resources Bhd-1QFY19
addition, it anticipates its Sin- distributors], there will be some in the second quarter – an indi- Revenue 28,822 25,571 12.71%
gapore operations would see im- impact,” he said of the “worst cation that it has fully recovered Net Profit 8,071 5,050 59.82%
provements on the back of an case scenario”. from the 2016 floods, Lehmann EPS (sen) 2.80 2.19 27.85%
ongoing internal reorganisation On its Singapore operations, said, adding it is expected to chart
and a future increase in market- Lehmann said Carlsberg had a similar performance moving Kejuruteraan Asastera Bhd-2QFY18
ing expenditure. gained market share in both the forward. Revenue 38,513 29,865 28.96
At a second-quarter results beer and cider segment. For 1HFY18, Carlsberg Ma- Net Profit 3,266 1,341 143.55
briefing yesterday, group manag- “We need to see growth of our laysia saw a 13% y-o-y increase
EPS (sen) 1.02 0.56 82.14
ing director Lars Lehmann said premium brands in Singapore. in volume sales for the Carlsberg
Carlsberg is uncertain about the Our portfolio is in place … the brand, while its premium brands IFCA MSC Bhd-2QFY18
potential impact of SST on con- performance in Singapore is sta- volume grew at an average 19%, Revenue 19,500 20,578 -5.24
sumer spending as it will depend bilised, it is mainly the internal led by a 41% growth in the 1664
Net Profit 1,401 2,510 -44.18
on details of the tax regime. operations that we haven’t been Blanc wheat beer, followed by
For instance, it is unclear if the able to [improve] on in the past. Connor’s Stout (29%). EPS (sen) 0.23 0.41 -43.90
sales tax on beer manufacturers But we are correcting that.” The group is launching a new Handal Resources Bhd-2QFY18
will be levied at 5% or 10%. Also He said the year-on-year Somersby cider varient “Elderflow-
Revenue 14,981 11,912 25.76
unknown is how the 6% services (y-o-y) strengthening of the ring- er Lime” today as part of its strategy
tax will be applied – whether it will git against the Singapore dollar to further grow the market share of Net Profit (984) (1,295) -24.02
be imposed on a company with an had reduced the island-state’s its preimum brands. EPS (sen) (0.62) (0.81) -23.46

JF Tech sees gains from US-China trade conflict

BY B I L LY TOH
KUALA LUMPUR: Homegrown
high-performance test contacting
solutions provider, JF Technolo-
gy Bhd (JF Tech) said it stands
to benefit from the trade conflict
between the US and China.
JF Tech’s managing director
and chief executive officer, Da-
tuk Foong Wei Kuong, told The
Edge Financial Daily that some
of its associates in China and the
US are exploring the possibility
of moving parts or entire opera-
tions to Malaysia due to concerns
over the impact of tariffs on their
operations.
“Last July at the Semicon West
Show (a notable semiconductor
trade show and conference), we
met a few associates from China
and the US. They were looking
to explore moving part or entire
operations of theirs to Malaysia
because of the tariffs,” Foong said
in an email exchange.
This could lead to business
cooperation between JF Tech and
these associates, he said.
China and the US has engaged
in a full-blown trade war this year
with both sides slapping tariffs on
billions worth of goods ranging
from steel, aluminium and cars
to agricultural products.
Meanwhile, Foong believed
that the financials for JF Tech will
improve moving forward, given
the worst from the lawsuit that
was announced has largely been
priced in by investors.
Recall that on Aug 7, JF Tech
said that the United States District
Court for the Northern District
of California, has made an order
awarding Johnstech Internation-
al Corp damages in the sum of
US$1.51 million (RM6.19 million).
However, Johnstech’s motion for
the attorney’s fees to be paid by
JF Tech was refused.
JF Tech indicated that it will
appeal against the judgement of
the court. The lawsuit was related
to a patent infringement filed by
JF Tech’s
management
does not believe
it has infringed on
its competitors’
intellectual property
rights.
Johnstech against JF Tech.
Foong said JF Tech’s manage-
ment does not believe it has in-
fringed on its competitors’ intel-
lectual property rights.
“For our financials, it can
only be better moving forward
as the worst of the lawsuit was
announced and factored in, so for
FY2019 and beyond, our perfor-
mance can only be a promising
one. What if we turn the judge-
ment to our favour in the Appeal
Court? We strongly believe we
have not infringed on our com-
at 92.5 sen, on over 1.8 million
JF Technology Bhd shares traded.
RM
The group was one of the 190
1.5 counters that have managed to
climb into positive territory during
yesterday’s trade amid a market
rout seen, following the weakness
1.2
of the Turkish lira that spilled over
to emerging-market currencies.
RM0.925
Foong said that he was unaware
0.9
of the reasons for the surge in the
group’s share price but pointed out
that JF Tech’s share price has been
lagging behind its peers and is only
0.6 playing catch-up at the moment.
July 26, 2017 Aug 16, 2018 Based on the group’s closing
price of 92.5 sen, JF Tech was
trading at a trailing price-earn-
petitor as a matter of law,” he said. ings ratio (PER) of 27.2 times. In
When the announcement was comparison, the PER for the Bursa
made, JF Tech’s share price fell by Malaysia Technology Index was
5.3% to 72 sen. 39 times.
Nonetheless, investors who Other than that, Foong also
have bought into JF Tech follow- noted that investors were prob-
ing the decline would have posted ably looking at the JF Tech’s po-
paper gains as its counter bucked tential given the current weakness
the market downtrend yesterday in the ringgit as its revenue are
when it surged by 20.1% to close mainly from exports.
10 H O M E B U S I N E S S
Dr M to witness signing of
three MoUs during China visit
PM is also scheduled to meet Xi, Li to discuss bilateral issues
BY C H O N G JI N HU N
KUALA LUMPUR: Prime Minis-
ter Tun Dr Mahathir Mohamad
will make an official visit to China
from today until Aug 21 at the in-
vitation of China’s Premier of the
State Council Li Keqiang.
In a statement yesterday, the
foreign affairs ministry said Dr
Mahathir and Li will witness the
signing of three memoranda of
understanding (MoUs) to mark
the strengthening of the Kuala
Lumpur-Beijing strategic partner-
Pua: Takeover of toll concessions
will cost less than RM400b
BY C H E ST ER TAY
& N E I LY SYA FI QA H EU SO FF
KUALA LUMPUR: The amount re-
quired to take over all the toll con-
cessions in the country will cost less
than the RM400 billion projected by
the previous Barisan Nasional gov-
ernment, said ministry of finance
special officer Tony Pua.
Pua said this is because in the
case of acquisition, the government
intends to only make compensa-
tion based on construction cost, as
stated in the concession agreement.
“The RM400 billion figure be-
ing tossed around by the previous
government takes into account
the compensation to concession
companies, which includes their
future profit,” he told reporters at
Parliament lobby yesterday.
Dialog 4Q net profit up 11%, proposes 1.8 sen dividend
BY SA M A N THA H O
KUALA LUMPUR: Dialog Group
Bhd’s net profit jumped 10.9% to
RM114.85 million in the fourth fi-
nancial quarter ended June 30, 2018
(4QFY18) from RM103.55 million
a year ago, on lower operating ex-
penses, improved other operat-
ing income and an increase in the
group’s share of joint ventures and
associates’ net profit that was main-
ly contributed by Pengerang LNG
(Two) Sdn Bhd.
Earnings per share were higher
at 2.04 sen for 4QFY18 compared
with 1.88 sen for 4QFY17. Quarter-
ly revenue, however, fell 37.3% to
RM607.13 million, from RM968.95
million in 4QFY17, on higher finance
costs and tax expenses.
Dialog is proposing a final divi-
dend of 1.8 sen per share for FY18
ship. The MoUs are in the areas of
agriculture and agricommodity,
the statement said.
According to the statement, Dr
Mahathir will be accompanied by
his spouse Tun Dr Siti Hasmah
Mohd Ali. The delegation includes
Foreign Affairs Minister Datuk Sai-
fuddin Abdullah, Primary Indus-
tries Minister Teresa Kok Suh Sim,
International Trade and Industry
Minister Ignatius Darell Leiking, Ag-
riculture and Agro-based Industry
Minister Salahuddin Ayub, Minister
in the Prime Minister’s Department
“The amount that we use, if we
want to buy out all the concessions,
which we have not planned to do so
yet, we will only compensate based
on the rate stated in the contract,
which is the construction cost and
not future profit,” he said.
“Therefore the amount required
to take over toll concessions is not
going to be near RM400 billion.
So, we will have to recalculate the
amount,” he added.
On Monday, Works Minister
Baru Bian told Dewan Rakyat that
it was not an easy task for the gov-
ernment to take over toll conces-
sions as the amount of money need-
ed could go up to RM400 billion,
plus the country’s fiscal position
was not in a good shape.
Meanwhile, Pua denied a news
report that the government is con-
for approval at the forthcoming an-
nual general meeting.
For the full FY18, the group’s net
profit grew 37.7% to RM510.37 mil-
lion from RM370.64 million in the
previous financial year, despite rev-
enue dropping 8.3% to RM3.11 bil-
lion from RM3.39 billion in FY17.
In a filing with Bursa Malaysia
yesterday, Dialog said the current
year’s net profit included a RM65.6
million fair value gain arising from
the acquisition of the remaining
45% equity interest in Centralised
Terminals Sdn Bhd and subsequent-
ly turning it into a wholly-owned
subsidiary in September last year.
It attributed the strong FY18 per-
formance to the Malaysian opera-
tions, which saw better performanc-
es delivered by the midstream and
downstream activities — in particu-
lar from its engineering, construc-
(Law) Datuk Liew Vui Keong, En-
trepreneur Development Minister
Mohd Redzuan Md Yusof and Perak
Menteri Besar Ahmad Faizal Azumu,
according to the statement.
“This is the maiden visit by the
prime minister (Dr Mahathir) to
the PRC (People’s Republic of Chi-
na) after assuming office in May.
The prime minister visited the PRC
seven times during his term as the
fourth prime minister of Malaysia
from 1981 to 2003.
“During the visit, the prime
minister will be visiting Hang-
sidering imposing tax on soda
drinks like Coca-Cola.
“The government is consider-
ing all options in order to increase
the tax revenue, but nothing has
been decided yet,” he said, quash-
ing a Malaysiakini report yesterday,
which quoted him as saying that
the government was considering
implementing new taxes, includ-
ing soda tax.
Soon after the report was posted
by Malaysiakini, Rembau member
of Parliament Khairy Jamaluddin
tweeted that he supported the im-
plementation of soda tax.
“I support a soda tax. But I don’t
think we should say who can or
cannot consume soft drinks. Pref-
erably everyone should minimise
consumption of soft drinks,” he
said in his tweet.
tion and plant maintenance services
performed in various projects.
On the international front, Dialog
said the lower net profit contribu-
tions in FY18 were mainly due to
reduced engineering, construction
and plant maintenance activities.
This drop was partially offset by
the increased activities at the Jubail
Supply Base in Saudi Arabia.
On prospects, Dialog remains
confident that its business model is
well-structured and can withstand
the current oil price volatility and
currency movements. “The group’s
financial track record has proven that
Dialog’s business is well risk-man-
aged and sustainable,” it added.
Moving forward, the group will
continue to grow its core businesses
with recurring income, especially in
expanding its logistics businesses,
which include storage tank terminals.
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
zhou and Beijing. In Hangzhou,
the prime minister is scheduled to
meet provincial leaders, undertake
a visit to Alibaba Group corporate
headquarters and Zhejiang Geely
Holding Group.
“In Beijing, the prime minister
will be meeting Premier Li Keqiang
and President Xi Jinping respec-
tively to discuss bilateral issues as
well as regional and internation-
al issues of mutual interest,” the
statement added.
On July 20, Saifuddin was re-
ported as saying that Dr Mahathir’s
Azmin: Privatisation of KL-Singapore
HSR not an option
BY S ANG E E T H A A MA RT H A L IN G A M
KUALA LUMPUR: Privatisation
of the RM110 billion Kuala Lum-
pur-Singapore high-speed rail (HSR)
project is not among the options
presented to the Singapore govern-
ment, said Economic Affairs Minis-
ter Datuk Seri Mohamed Azmin Ali.
“What I did was to explain the
current economic situation and
condition prevailing in Malaysia,”
Mohamed Azmin said with regard
to his meeting last week with Sin-
gapore’s Transport Minister and
Coordinating Minister for Infra-
structure Khaw Boon Wan.
“Our priority is to reduce the gov-
ernment’s expenditure, not increase
our borrowings. The [Singapore]
transport minister expressed ap-
preciation over our predicament
[which is] to cancel the project or
defer it. Privatisation is not an of-
fer,” Mohamed Azmin told reporters
at the Parliament lobby yesterday.
Mohamed Azmin is expect-
ed to meet Khaw again after the
cabinet meeting in Putrajaya this
afternoon.
Darell: PM to decide on Malaysia’s
stand on CPTPP
BY C HE S T E R TAY
KUALA LUMPUR: Prime Minister
Tun Dr Mahathir Mohamad will de-
cide whether Malaysia will go ahead
with the Comprehensive and Pro-
gressive Agreement for Trans-Pa-
cific Partnership (CPTPP), Interna-
tional Trade and Industry Minister
Ignatius Darell Leiking said.
Darell said he is unable to provide
a time frame within which Dr Ma-
hathir will decide on the CPTPP. Ma-
laysia became a signatory of CPTPP
under former prime minister Datuk
Seri Najib Razak’s administration.
upcoming trip to China is expected
to address issues beyond renegoti-
ating agreements for megaprojects
signed with the previous Barisan
Nasional administration.
As part of Putrajaya’s cost-cut-
ting measures, Dr Mahathir has an-
nounced the suspension of several
megaprojects involving Chinese
firms. The projects include the East
Coast Rail Link and two gas pipe-
line projects — the Multi-Prod-
uct Pipeline in Melaka valued at
RM5.35 billion and the RM4.06
billion Trans-Sabah Gas Pipeline.
“I’m happy the minister took
note of our predicament back home
but certainly he needs to explain
and discuss in their cabinet before
they come back for further discus-
sions,” he said.
The Attorney-General’s Cham-
bers directed Putrajaya to review
the HSR agreement signed with
Singapore on Dec 13, 2016, which
contains clauses to cancel the
project.
Singapore reportedly spent more
than S$250 million (RM746.5 mil-
lion) on the project, and has previ-
ously noted that there would be a
penalty if the project is cancelled.
“That was also discussed and the
minister expressed their concern
about what they have spent in the
last few months.
“We also spent some money
[and] we have formed this joint
committee to look into the devel-
opment of HSR,” he said.
Mohamed Azmin has previously
said there is a formula for compen-
sation if the project is terminated
but the actual quantum has to be
determined by both parties.
Darell said: “Put it this way, it has
already been signed by the Najib
administration. We are still listening
and checking out, and seeing how
it goes. So the prime minister must
be given a chance to grasp whether
the decision in the past works for us
today or not.”
“The question of deliberation is
no longer on the terms, because we
can’t change it anymore, but we can
make a decision to ratify it later or
now. It is all up to the prime minis-
ter. This is the legacy we inherited,
so let the prime minister make an
informed decision,” Darell said.
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
Economists turn bearish, slash
forecasts ahead of 2Q GDP release
Headwinds are seen coming from US-China trade tensions, Turkish lira crisis, weak local economic data
BY S AM A N T HA H O
KUALA LUMPUR: Just days ahead
of Bank Negara Malaysia’s release of
the second quarter of 2018’s (2Q18)
gross domestic product (GDP)
growth figure today, economists
have cut their forecasts amid weak
economic data from June.
Indices for industrial production
and services were weaker than ex-
pected while disappointing crude
palm oil (CPO) production data
also dampened sentiment, amid
a slowdown in private investment,
economists told The Edge Finan-
cial Daily.
According to 21 economists
tracked by Bloomberg, the average
estimate for 2Q18 GDP growth is
5.21% year-on-year (y-o-y). How-
ever, a number of local research
houses recently cut their forecasts
to below 5%, including Maybank In-
vestment Bank (IB) Research, CIMB
July vehicle sales rise 41% thanks to zero-rated GST
BY SA M A NTHA H O
KUALA LUMPUR: New vehicle
sales in Malaysia rose by 41% to
68,465 units in July from 48,553
units a year ago, as automotive
companies reduced the prices
of their cars following the gov-
ernment's move to zero-rate the
goods and services tax (GST).
"Sales volume in July was
6% or 3,963 units higher than
Sunway Construction posts flat 2Q net profit, declares 3.5 sen dividend
BY J UST I N LI M
KUALA LUMPUR: Sunway Con-
struction Group Bhd (SunCon)
posted a flat net profit of RM35.86
million for the second quarter end-
ed June 30, 2018 (2QFY18) from
RM35.9 million a year ago, on lower
profitability in the precast segment.
The group's pre-tax profit margin
was slightly affected due to the de-
cline in profitability in the precast
segment. As a result, earnings per
share stayed at 2.78 sen for 2QFY18
compared with a year ago.
Quarterly revenue rose 30.4% to
RM544.28 million from RM417.23
million in 2QFY17, mainly due to
the construction segment, which
was offset by a decline in its pre-
cast segment.
The group also declared a first
interim dividend of 3.5 sen per share
for the financial year ending Dec 31,
2018 (FY18), payable on Sept 27.
Research, MIDF Research and Hong
Leong Investment Bank Research.
“The main reason for our down-
grade was the slowdown in the ser-
vices index, which was led by a
sharp slowdown in financial servic-
es, and the disappointing [results
of] the Industrial Production Index
(IPI), which saw a sharp contrac-
tion in natural gas output,” CIMB
economist Michelle Chia said.
Speaking to the daily, she noted
that volatility in global financial
markets and lower liquidity ahead
of the 14th general election (GE14)
had resulted in the lower demand
for financial services.
On top of that, weaker agricul-
tural data had led to the lowering
of CIMB’s forecast GDP growth
for the quarter to 4.9% from 5.2%
previously.
Lee Heng Guie, executive direc-
tor of the Socio-Economic Research
Centre (SERC), also cited agricul-
June," said the Malaysian Auto-
motive Association (MAA) in a
statement yesterday.
The association expects sales
volume for August to be main-
tained at the July level. The three-
month "tax holiday" will end this
month when the sales and ser-
vice tax is introduced on Sept 1.
"At 68,465 units, the sales
volume for July was the sec-
ond-highest monthly total in-
In a filing with Bursa Malaysia
yesterday, SunCon said the pre-
cast segment's profit margin for
2QFY18 was impacted due to high-
er steel bar prices compared with
the tender price as steel content
contributes to approximately 30%
of its total cost, coupled with stiff
competition on pricing.
For the cumulative six months
(1HFY18), SunCon's net profit
came in 2.9% higher at RM71.71
million from RM69.69 million a
year ago, while revenue grew 28.3%
to RM1.07 billion from RM836.76
million in 1HFY17.
In a separate statement, SunCon
said the group's outstanding order
book as at June 2018 amounted to
RM5.8 billion, with RM854 million
new order-book wins during the
period. It is maintaining its new
order-book target of RM1.5 billion
for the whole of FY18 based on its
existing active tender activities and
tural data in the form of lower CPO
and poor IPI data, as reasons to low-
er his 2Q18 GDP forecast to 4.9%.
“The underlying growth mo-
mentum will moderate further in
the second half of 2018 due to the
US-China trade war, negative senti-
ment over emerging market curren-
cies due to the pressure on the lira
and volatility in the stock market,”
he told The Edge Financial Daily.
In early July, SERC had revised
downward its 2Q18 GDP growth
projection to 5.4% from an initial
5.7%, citing external headwinds such
as an escalating US-China trade war
and domestic developments.
Meanwhile, Maybank IB Re-
search economist Suhaimi Illias
posed a slightly more pessimistic
outlook of 4.8% GDP growth for
the previous quarter, mainly on the
back of slower growth in the Man-
ufacturing Production Index, on
top of the abovementioned factors.
dustry volume achieved in the
history of the local auto indus-
try," added MAA.
Passenger vehicle sales rose
40.6% year-on-year (y-o-y) to
61,211 units in July, while com-
mercial vehicle sales grew 44.2%
y-o-y to 7,254 units.
Year to date, total vehicle sales
climbed 7.6% to 358,179 units
from 333,006 units a year ago.
Meanwhile, total vehicle pro-
SunCon is actively
seeking both external
and in-house jobs and is
confident of achieving
its new targeted orders
of RM1.5 billion by
year end.
potential in-house projects.
"SunCon is actively seeking both
external and in-house jobs and is
confident of achieving its new tar-
geted orders of RM1.5 billion by
year end," it added.
On current-year prospects, Sun-
Con warned that it is expecting its
turnover to be slightly affected due
to the ongoing review of the de-
sign and size of the six stations for
its light rail transit Line 3 (LRT3)
H O M E B U S I N E S S 11
In a report on Tuesday, he
pinpointed slower growth in ex-
port-oriented industries as well
as domestic-oriented industries,
noting that the unexpected holidays
following the GE14 in May and Hari
Raya Aidilfitri holidays in June had
also affected output growth.
While growing trade tensions be-
tween the US and China are viewed
as significant downside risks, there
has not been any direct evidence
of negative impacts on Malaysian
exports so far, CIMB’s Chia said.
“It’s hard to gauge exactly which
sectors will be affected, but the
tariffs (of US$34 billion [139.4 bil-
lion] each from both sides) that
were effective July will definitely
affect some sectors,” Chia said. She
added that the additional tariffs to
be implemented in August, which
will affect a total of US$32 billion
worth of US and Chinese goods,
will provide a further downward
duction for July also rose 25.5%
to 55,164 units from 43,952 units
a year ago.
Passenger vehicle production
rose 26.4% y-o-y to 51,165 units
in July, while commercial vehi-
cle production increased 15.6%
y-o-y to 3,999 units.
Between January and July
2018, total vehicle production
gained 12.3% to 336,111 units
from 299,270 units.
Package 07-08 from Kawasan 17
to Sri Andalas.
"The affected work will not pro-
ceed as anticipated until the de-
signs are confirmed coupled with
the extension of completion on
the entire LRT3 line from 2020 to
2024. SunCon will be mitigating the
anticipated slowdown in the local
construction growth by in-house
projects of its holding company,
Sunway Bhd, which traditionally
has been contributing approxi-
mate 40% of our revenue and also
overseas expansion.
"Our parent is now on an aggres-
sive stance to expand its medical
centre and developing its Penang
and Seberang Jaya land bank," it
added.
Despite the anticipation that its
top line might be affected, SunCon
said it is confident that it will con-
tinue to have a sustained growth
compared with FY17.
kick to Malaysia’s economy.
Meanwhile, strong consumer
sentiment from the zero-rating of
the goods and services tax is not
expected to significantly lift Malay-
sia’s full-year GDP, as Chia believes
consumers are simply bringing for-
ward year-end spending.
Meanwhile, SERC’s Lee voiced
concern over the rapidly deterio-
rating growth in private investment,
noting that investors are still waiting
for clues from the new government
to its policies, which will likely be
made clear following Prime Min-
ister Tun Dr Mahathir Mohamad’s
trip to China beginning today and
the federal budget to be announced
in November.
“I think we would have to pre-
pare for very subdued private in-
vestments in the third and fourth
quarters,” he said.
In 1Q18, the economy expanded
by 5.4% y-o-y.
MAHB invites
bids for KLIA
retail, F&B
concessions
BY TA N XUE Y IN G
KUALA LUMPUR: Malaysia
Airports Holdings Bhd (MAHB)
has called for a tender exercise
for 14 concessions at the Kuala
Lumpur International Airport
(KLIA) in Sepang, as part of its
ongoing initiative to refresh
services and facilities at the
airport.
The 14 tender packag-
es comprise 22 lots covering
businesses from retail to food
and beverage (F&B) outlets at
various locations within the
airport, MAHB said in a state-
ment yesterday.
“The objective is to attract
reputable brands, as well
as to encourage innovative
concepts to be showcased
at KLIA.
“Hence, this tender invi-
tation is aligned to Malaysia
Airports’ Reset Strategy to en-
hance KLIA’s commercial of-
ferings and ultimately deliv-
er an exceptional total airport
experience for travellers,” the
airport operator said.
The tender is open for ei-
ther individual lots, a package
deal comprising several lots,
or the duty-free walk-through
emporium at the main termi-
nal building that carries mul-
ti-brand core products.
A mandatory briefing ses-
sion will be held today for in-
terested parties.
12 ST O C KS W I T H M O M E N T U M
JF TECHNOLOGY BHD (-ve)
TRADING of shares in JF Technology (fun-
damental: 3/3, valuation: 1.10/3) triggered
our momentum algorithm yesterday for the
first time this year. The group saw 1,883,500
shares traded compared to its 200-day aver-
age of 105,782.5.
JF Technology’s profit was down 30.3%
to RM1.08 million in its third quarter ended
March 31, 2018 from RM1.56 million a year ago.
The group designs and manufactures
high-performance test sockets and other
materials for semiconductor giants.
JF TECHNOLOGY BHD
MALAYAN UNITED INDUSTRIES BHD (-ve)
TRADING of shares in Malayan United In-
dustries (fundamental: 0.75/3, valuation:
0.30/3) triggered our momentum algorithm
yesterday for the first time this year. The group
saw 11,684,000 shares traded compared to
its 200-day average of 7,167,350.
Malayan United Industries’ revenue was
down a marginal 2.3% to RM92.95 million
in its third quarter ended March 31, 2018
(3QFY18) from RM95.16 million a year ago.
Net loss shrank 68.9% to RM4.38 million
in 3QFY18 from RM14.08 million a year ago.
MALAYAN UNITED INDUSTRIES BHD
MK LAND HOLDINGS BHD (-ve)
TRADING of shares in MK Land (fundamental:
1.25/3, valuation: 1.70/3) triggered our momen-
tum algorithm yesterday for the third time this
year. The group saw 11,509,600 shares traded
compared to its 200-day average of 681,346.5.
The property developer saw revenue in-
crease 47.6% to RM35.15 million in the third
quarter ended March 31, 2018 (3QFY18) from
RM23.81 million a year ago. Net profit also
increased 15.6% to RM4.64 million from 4.01
million a year ago.
MK LAND HOLDINGS BHD
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
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Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
The group attributed the decrease in net
profit to the loss in foreign exchange due to
strengthening of the ringgit against the US
dollar, and the increase in legal fees for the
ongoing material litigation with Johnstech In-
Early entry, lower resistance
ternational Corp in the US which amounted
to RM0.25 million during the quarter under
review.
give Malaysia an edge in EV
The stock rose 15.5 sen or 20.13% to close
at 92.5 sen, giving it a market capitalisation BY M O HD K HAI RI I DHA M A MR A N model to make the initiative a success,
of RM194.25 million. JF Technology was last including hiring foreign expertise at the
traded at 6.2 times its book value. KUALA LUMPUR: Early entry and lower initial stage before developing local hu-
internal resistance will give Malaysia an man capital.
Valuation score* 1.10 advantage in developing an electric vehi- “If Malaysia wants to grow fast in this
Fundamental score** 3.00 cle (EV) as the third national car, says for- industry, or any other industry, we must not
TTM P/E (x) 24.87 mer Proton Holdings Bhd chairman and wait for our people to have the knowledge
TTM PEG (x) 0.47 managing director (MD) Tan Sri Mohd to develop the new technology.
P/NAV (x) 5.01 Nadzmi Mohd Salleh. “In many countries where they don’t
TTM Dividend yield (%) 1.56
He said Malaysia is not too far behind in have the technology and expertise, they
developing EV technology as not many big will buy it or hire international people to
Market capitalisation (mil) 161.70 car manufacturers, apart from Tesla, have work for them. Over time, they will have
Shares outstanding (ex-treasury) mil 210.00 a clear advantage in this field. more of their own people to work on the
Beta 0.45 “Other companies have their EVs and project.
12-month price range 0.60-1.38 hybrid cars but nobody, except from Tesla, “Likewise, we can do the same thing
*Valuation score - Composite measure of historical return & valuation can say that they have a clear advantage for any industry, including the EV sec-
**Fundamental score - Composite measure of balance sheet strength over the others. tor,” he said.
& profitability “So, the competitive advantage of all The Nadicorp executive chairman also
Note: A score of 3.0 is the best to have and 0.0 is the worst to have companies for electric vehicles is almost suggested that any party interested in de-
the same,” he told Bernama in a recent veloping the EV vehicle industry could start
interview. with commercial EVs such as buses and
Mohd Nadzmi, who is currently the trucks, which do not need many vehicles
executive chairman of Nadicorp, served to become viable.
Malayan United Industries is involved in as Proton MD from 1993 to 1996 and its “The technology is readily available and
the retail, hotel, property, food and financial chairman from 2009 to 2012. (it’s) only a matter of system integration.
services industries. The division has begun He said one of the major problems faced “Let us look at EVs in a different light,
consolidation measures that include the by big car manufacturers in adopting EVs like catering for the first and last mile solu-
closing down of non-performing stores, refur- on a large scale was internal resistance tions in public transport where there is
bishment of department stores, introducing due to heavy investment in internal com- not much competition, and over a period
new fashion designs as well as incorporating bustion engines (ICEs), as well as from of time, we can also produce passenger
other retailing concepts. vendors and parts suppliers. cars,” he said.
The stock rose 0.5 sen or 2.56% to close “We are a car producing country but we According to Mohd Nadzmi, developing
at 20 sen, giving it a market capitalisation of are not heavily invested in the old conven- commercial EVs is less complicated than
RM586.51 million. Malayan United Industries tional technology. passenger cars due to the bigger space
was last traded at 1.08 times its book value. “I think if we introduce new technology available in a vehcile to place batteries
for the (car) industry, people will support as well as a less complicated chassis and
Valuation score* 0.30 it and there won’t be much resistance,” technology.
Fundamental score** 0.75 Mohd Nadzmi said. Furthermore, the sales packaging of
TTM P/E (x) - Nevertheless, he noted that there would commercial EVs will play an important
TTM PEG (x) - be resistance from suppliers and aftersales role as commercial vehicle buyers are not
P/NAV (x) 1.05 service providers as there would be fewer customers at large, and are usually com-
TTM Dividend yield (%) -
components and services needed for EVs. mercial business or logistics operators that
However, Mohd Nadzmi said these are more concerned about profit.
Market capitalisation (mil) 571.85 businesses could gradually adapt to such “If it is cheaper for them to own, main-
Shares outstanding (ex-treasury) mil 2,932.56 changes as EVs would not replace ICE tain and operate commercial EVs, I think
Beta 0.72 cars overnight. they will opt for these vehicles,” he said.
12-month price range 0.16-0.27 “For the next 10-15 years, there will be Mohd Nadzmi also pointed out the busi-
*Valuation score - Composite measure of historical return & valuation more electric vehicles on the road and this ness model used by Perusahaan Otomobil
**Fundamental score - Composite measure of balance sheet strength will be the megatrend in the industry which Kedua Sdn Bhd (Perodua) in partnering a
& profitability is already happening,” he said. large foreign company to reduce develop-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Even though Malaysia does not have ment cost as one that could be emulated.
capabilities in EVs at the moment, Mohd “Perodua’s business model is the best.
Nadzmi said it was not impossible for the Because Malaysia is a small market, there
country to develop this new industry as is a sharing of development cost between
proven by the plantation sector. the Toyota Group, mainly Toyota and Dai-
On Wednesday, MK Land announced that “Just look at our plantation industry (in hatsu, and only a marginal cost incurred
its wholly-owned subsidiary Ritma Mantap the early stages of) planting rubber trees [by] Perodua.
Sdn Bhd has entered into a memorandum of and [oil palms] which are not native to Ma- “This is the only way to do it. Without
understanding with Menteri Besar Inc to jointly laysia. We managed to become among the that (right business model), I don’t think
develop land totalling 226 acres (91.46ha) in largest exporters of these commodities. any car company in a small market can be
Perak into a mixed development consisting “To me, if you want to go into a particular viable,” he said.
of affordable housing and commercial units. industry, you must have the passion for it The former Proton MD also recalled his
The stock rose 1.5 sen or 6.12% to close and you must be prepared for it,” he said. experience during his tenure at the national
at 26 sen, giving it a market capitalisation of Mohd Nadzmi said entrepreneurs, pri- carmaker where Perodua was given better
RM313.19 million. MK Land was last traded vate companies or even public-listed com- protection than Proton to help it stand on
at 0.27 times its book value. panies should take the lead in developing its own feet, and that same support could
the EV industry while the government be given to the new national car.
Valuation score* 1.70 should play a supporting role and not “Proton from the very beginning paid
Fundamental score** 1.25 become the main driver. import tax and excise duty while Per-
TTM P/E (x) 15.64 “You need entrepreneurs odua didn’t. They had that advan-
TTM PEG (x) 1.20 to come and do it (EV indus- tage over several years,” he added.
P/NAV (x) 0.25 try) while the government — Bernama
TTM Dividend yield (%) -
can take some equity or give
grants to develop this indus-
Market capitalisation (mil) 295.12 try before it can stand on its Mohd Nadzmi: Malaysia is not
Shares outstanding (ex-treasury) mil 1,204.59 own,” he said. too far behind in developing EV
Beta 1.09 Mohd Nadzmi also said it technology as not many big car
12-month price range 0.16-0.28 was important to hire the manufacturers, apart from Tesla,
*Valuation score - Composite measure of historical return & valuation right people and have a clear advantage in this
**Fundamental score - Composite measure of balance sheet strength implement the field. The Edge file photo
& profitability right business
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
1 4 P R O P E RT Y
Affordable housing: Developers
hope new entity will engage them
There is more urgency now to ensure the issues faced are addressed promptly
BY SYAHIRAH SYED JAAFAR
CYBERJAYA: The Real Estate and
Housing Developers’ Association
Malaysia (Rehda) hopes the pro-
posed single entity to oversee af-
fordable housing will be different
from previous bodies as there is
more urgency now to ensure the is-
sues faced are addressed promptly.
Rehda immediate past presi-
dent Datuk Seri Fateh Iskandar
Mohamed Mansor said the asso-
ciation is pleased with the housing
and local government’s plan to es-
tablish the single entity.
“We developers are looking for-
ward to the one-stop agency, but we
hope it will be unlike other agencies
before this. We hope this time, the
agency will really provide devel-
opers with the guidelines and en-
gagement,” he said in his keynote
address at the Sustainable Hous-
ing Futures Conference yesterday.
The suggestion for a single entity
A lovely trade war for China’s property firms
BY N I SH A GOPA L A N
HONG KONG: The trade dispute
with the US hangs like an axe over
China’s economy, but for the coun-
try’s real estate developers, it is a
boon. Onshore funding is opening
up and the government is once
again smiling on higher prices.
Property investors should be dou-
bly relieved: Beijing’s measures to
rein in financial risk and cut develop-
ers’ access to debt have so far failed
to tamp down price gains, even as
they took a toll on stock prices.
After pretty much closing the
doors to onshore bond issuance in
late 2016, the government is easing
them open. Yuan bond sales by de-
velopers rose 30% in July from June,
to the highest level since April. This
month alone, Greentown China
Holdings Ltd, CIFI Holdings Group
Co and Longfor Group Holdings
Ltd were among property compa-
Developers’ cash flow squeezed as Shenzhen tightens rules on serviced apartments
BY C L A RE JI M
HONG KONG: New tighten-
ing measures imposed on busi-
ness-apartment developments in
Shenzhen, China’s Silicon Valley,
could seriously undermine some
developers’ cash flow as they find
they may have fewer saleable as-
sets than anticipated.
Investors have favoured ser-
viced apartments and homes built
on land designated for commercial
use to avoid purchase restrictions
because such accommodation is
was mooted earlier this year by Bank
Negara Malaysia as part of its five-
pronged strategy to effectively bridge
the affordable-housing gap in the
country. The central bank said the
unit should be established to spear-
head affordable-housing initiatives
among the various government, state
agencies and players alike.
“At the end of the day, it should
work with us as we can provide [the
industry’s] input,” said Fateh Iskan-
dar. “After all, we carry the burden
[as developers], as well as that of
consultants and bankers too.”
Rehda Institute, in its report
on affordable housing last month,
proposed the formation of a spe-
cial-purpose central agency under
the housing ministry “to redefine the
roles of the public and private sec-
tors in providing affordable homes
under a holistic master planning”.
Fateh Iskandar yesterday also
addressed the challenges in the
development of sustainable hous-
nies announcing yuan bond plans.
Even as the measures to curb pric-
es accumulate, there are recent signs
local governments are actually lift-
ing values. Regional and munici-
pal authorities tend to guide prices
in the primary market, resulting in
the unusual situation where newly
launched homes are cheaper than
existing ones. According to analysts
at CLSA, these governments are now
allowing developers to offer smaller
discounts to older homes — with
authorities in tier-one and tier-two
cities going so far as to cap prices
near those of the secondary market.
That has spurred sales: Launches
increased by 30%, to 45 projects per
week between June and July from
34 in the April-May period, the bro-
kerage said, citing data compiled by
China Real Estate Information Corp.
It is only a matter of time before
banks, with easier access to fund-
ing themselves, start offering better
not subject to the same rules as
residential property.
In late July, Shenzhen barred
developers from selling newly
approved apartments, allowing
them only to rent them out, and
restricted buyers from reselling
their apartments for five years
from the date of obtaining their
deeds.
To further curb speculation
— although the city has already
seen a drop in home prices due
to stringent price caps on new
developments — the local govern-
ing, in particular raising the need
to strengthen the enforcement of
sustainable building.
“Instead of passing more new
laws, we should instead tweak or
re-legislate certain framework for
green technology. We already have
the laws, but we just need to work
on them to make it more efficient
and friendly.
“There’re a lot of building codes
and regulation but none for green
technology or building. So it’s a mat-
ter of educating ourselves,” he added.
Housing and Local Government
Minister Zuraida Kamaruddin, in her
speech at the conference, said sound
public policy is essential to address
the affordable-housing challenges.
“We have advocated that this
should reside with a central author-
ity that oversees and coordinates af-
fordable-housing initiatives for the
country. This will promote greater
strategic and operational cohesion
at the national level,” said Zuraida
mortgage deals. Soured home loans
are well below the average for all
debt, and regulators are less leery
of mortgage lenders.
That is not to say this is party
time for all Chinese developers,
especially those that need to tap
overseas funding. China has been
slowing approvals for offshore bonds
and is considering whether to ban
short-dated issuance in dollars,
Bloomberg reported in late June.
Since then, short-term bond sales —
which do not need government ap-
proval — have ground to a halt, and
offshore bonds sold by real estate
firms tended to be for refinancing.
On top of that, do not assume
offshore bonds are worth the ef-
fort. With the US Federal Reserve
raising rates, funding costs outside
China are climbing from the six-
year lows seen in 2017, according
to Kristy Hung of Bloomberg Intel-
ligence. China Evergrande Group
ment imposed sales restrictions
on business accommodation to
limit the turnover rate and boost
rental-housing supply.
Shenzhen attracts large num-
bers of highly skilled technology
professionals each year, creating
acute housing demand in the face
of limited land supply.
The Shenzhen government said
in June that it aimed to increase
housing supply by 1.7 million
units by 2035 to satisfy antici-
pated population growth of 5.5
million. — Reuters
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
in the speech read out by the min-
istry’s deputy secretary-general of
policy, Dr Mary Wong Lai Lin.
“Regulatory processes to reduce
the cost of supplying affordable
homes will be reviewed and stream-
lined,” said Zuraida. The ministry
has previously said that it expected
the single entity to be completed
by year end.
The minister added that there is
also a need for an integrated database
on housing supply and demand, as
well as for innovative financing mod-
els to be further developed.
“Current intervention measures
largely focus on subsiding homebuy-
ers or direct provision of housing.
Over the longer term, we need to
have more sustainable alternatives
that combine private and public
funding for affordable-housing de-
velopment and investment. In other
parts of the world, this has replaced
traditional methods of financing the
supply of public housing,” she said.
paid the most, at 8.1%, and Sunac
China Holdings Ltd forked out 6%.
Expect those costs to rise further.
Moreover, not all developers can
benefit from government largess: The
bigger players with access to funding
are best placed to buy land and keep
selling at higher prices. Evergrande’s
first-half profit more than doubled,
while Country Garden Holdings Co,
the nation’s biggest real estate firm
by revenue, forecast a 50% surge in
sales this year. That kind of boom is
unlikely to be replicated at small-
er unlisted firms, which are being
bought out in a consolidation spree.
Beijing has long had to balance
its goals of affordable housing with
enough underlying price appre-
ciation to boost the economy and
fill its coffers. With the trade war
moving up a gear, the second ob-
jective is ascendant. China’s big-
gest property firms have reason to
cheer. — Bloomberg
Ultra-rich save
millions exploiting
Hong Kong
home loophole
BY S H AW N A K WA N
& F R E D E R IK B A L FO UR
HONG KONG: When Pan Sutong,
the billionaire chairman of Hong
Kong investment conglomerate
Goldin Group, splashed out a re-
ported HK$2.5 billion for a home
in the exclusive enclave of Deep
Water Bay last year, he saved him-
self a cool HK$370 million in tax.
How? The three-storey man-
sion with swimming pool was
held via a shell company, mean-
ing the purchase incurred just
0.2% in stamp duty. Assuming
Pan, a permanent Hong Kong
resident, already owns property
there, he would have paid a 15%
levy in a regular transaction.
In Hong Kong, that is a per-
fectly legal route wealthy peo-
ple are increasingly cottoning
on to. When a property is held
by a company, its sale is consid-
ered a share transfer and taxed at
0.2%, the same levy that applies
to everyday stock trades.
As the government raised prop-
erty stamp duties in a so far fruit-
less effort to tame runaway prices,
the loophole has become more
popular at the top end of the mar-
ket, particularly for deep-pocketed
mainland Chinese buyers.
The trend is somewhat jarring
in a city plagued by a yawning
rich-poor divide — one increas-
ingly defined by who can and who
cannot afford a home.
According to Hong Kong’s
Companies Registry, the com-
pany holding the Deep Water Bay
property had a change in directors
in August last year.
Pan, who according to Bloomb-
erg calculations is worth about
US$2 billion (RM8.2 billion), and
an offshore firm were listed as the
only directors in the entity.
The proportion of property
transactions made via company
share transfers on the Peak and
the south side of Hong Kong is-
land — where prices can easily
run into the hundreds of millions
of dollars — has jumped to 27%
this year from 13% in 2013, ac-
cording to Midland Realty.
That was the year after the
government introduced the
Buyer’s Stamp Duty levied on
companies and non-Hong Kong
permanent residents buying
properties. — Bloomberg
A filepic of
apartment towers
in Shenzhen,
China. Shenzhen
attracts large
numbers of highly
skilled technology
professionals each
year, creating acute
housing demand in
the face of limited
land supply. Photo
by Reuters
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
H O M E 15

I was scolded for
dissenting — judge
Minority verdict earned top judge’s wrath, law conference told
BY S UL H I A ZMA N
KUALA LUMPUR: A Court of Ap-
peal judge claimed he was repri-
manded by a top judge for writ-
ing a dissenting judgement in a
unilateral conversion case, and
was subsequently relieved from
hearing appeals touching on con-
stitutional and public interest
matters.
Datuk Hamid Sultan Abu Back-
er, speaking at the Internation-
al Malaysian Law Conference
yesterday, said he was shocked
when he “got into trouble” with
the top judge whom he did not
name. “Immediately after the
judgement was released to the
public, a top judge called up the
entire Coram and severely repri-
manded me, alleging, inter alia,
of judicial activism.
“And not only that, he started
throwing tantrums at me in an
uncivilised manner,” Hamid said,
adding that despite the attack he
stood his ground.
“My response to that top judge
was that I do not have to defend
my judgement and I will not be
cowed to act against my oath of
office,” he said.
In December 2015, Hamid
wrote a 74-page dissenting judge-
ment in the appeal involving the
unilateral conversion to Islam of
kindergarten teacher M Indira
Gandhi’s three minor children by
her former husband. Hamid ruled
that the unilateral conversion was
illegal as it was done without In-
dira’s consent, and the children
did not recite the Kalimah Sya-
hadah, an affirmation of faith to
enter Islam.
The other judges in the case
were Datuk Seri Balia Yusof Wahi
and Datuk Dr Badariah Sahamid,
both of whom are now Federal
Court judges.
Hamid said his judgement was
perfected with the constitutional
oath jurisprudence, which was
aimed at protecting the funda-
mental rights guaranteed under
the federal constitution. “I per-
sonally thought that the judge-
ment was my greatest gift to the
Malaysian public in terms of the
jurisprudence related to constitu-
tional law, oath of office and the
role of four pillars of the Federal
Constitution,” he said.
Hamid said the surprise at-
tack by the top judge “created a
long-term strained relationship
with that judge and many more.”
“I was not surprised when I
was not assigned or empaneled to
hear cases related to the Federal
Constitution and public interest
matters,” he added.
I n Ja n u a r y t h i s y e a r, a
five-member Federal Court panel,
led by Tan Sri Zainun Ali, unan-
imously adopted Hamid’s 2015
decision.
Dewan Rakyat
approves repeal of
anti-fake news law
BY NE I LY SYA F IQA H E US O F F
KUALA LUMPUR: A bill to repeal
the controversial Anti-Fake News Act
was approved by the Dewan Rakyat
yesterday through a majority voice
vote after a brief debate.
Deputy Minister in the Prime
Minister’s Department Mohamed
Hanipa Maidin, in his wrap-up
speech, told Barisan Nasional (BN)
lawmakers: “Your time is over”.
He said the BN government
should have improved existing laws
if it thought the laws were weak,
instead of coming out with the An-
ti-Fake News Act. “If there are a lot
of laws, it would result in more work
for the courts and police. It will also
result in higher costs [for the gov-
ernment],” he said.
“BN used Parliament [as the plat-
form] to make laws to solve their
problems. In fact, the law does not
protect the people; it was [intro-
duced] for their [BN’s] benefit,” he
said.
Mohamed Hanipa said the repeal
bill states that matters relating to
fake news may be dealt with under
other laws.
“The government believes there
is no need to have Act 803 (Anti-Fake
News Act 2018) following the en-
forcement of existing laws such as
the Penal Code (Act 574) and the
Communications and Multimedia
Act 1998 (Act 588),” he said. He said
that the law relating to defamation
can also be beefed up to address
fake news matters.
“The government has the op-
tion to amend existing provisions
for the purpose of improving and
refining their use and effectiveness
in dealing with the spread of fake
news,” he said.
Mohamed Hanipa noted that the
Sedition Act 1948 and the Printing
Presses and Publications Act 1984
could also be used to curb fake news.
“However, both these acts are being
reviewed by the government with
the intention of abolishing them as
promised in our [Pakatan Harapan
election] manifesto,” he said.
Former de facto law minister Da-
tuk Seri Azalina Othman Said, when
debating the repeal bill, urged the
government to amend the Anti-Fake
News Act instead of repealing it. She
suggested that a parliamentary se-
lect committee be set up to study the
law and make recommendations.

Azmin: Pakatan Suspects in Jong-nam murder told to enter defence

in consensus that
Anwar will be next
prime minister
BY C H EST E R TAY
KUALA LUMPUR: Datuk Seri
Anwar Ibrahim will take over
as prime minister after incum-
bent Tun Dr Mahathir Mohamad
steps down, Economic Affairs
Minister Mohamed Azmin Ali
reiterated yesterday, saying this
had been agreed to by all the
parties in the Pakatan Harapan
coalition.
Mohamed Azmin said even if
he succeeds in defending his PKR
deputy president’s post in the
upcoming party polls, Anwar will
remain Pakatan’s choice to suc-
ceed Dr Mahathir for the prime
minister’s post. “Certainly there
was a consensus even among
Pakatan members, not just PKR,
that Datuk Seri Anwar will be the
next prime minister,” Mohamed
Azmin told reporters at the Par-
liament lobby yesterday.
“My personal advice to all
members and leaders is: Let us
develop a culture where we can
work cohesively as a government,
rather than as an opposition. I
believe this is a process we have
to go through in the party. Let
us move on as a united party,”
he added.
In the upcoming PKR polls,
vice-president Rafizi Ramli is
challenging Mohamed Azmin
for the deputy president’s post.
Anwar has won the president’s
post uncontested.
SHAH ALAM: The High Court
has ordered Indonesian Siti Ai-
syah and Vietnamese Doan Thi
Huong to enter their defence on
a charge of murdering North Ko-
rean leader Kim Jong-un’s es-
tranged half-brother Kim Chol
or Kim Jong-nam last year.
Judge Datuk Azmi Ariffin in
his ruling said the prosecution
had succeeded in establishing a
prima facie case against Siti Ai-
syah, 26, and Doan, 29 at the end
of the prosecution case.
In his judgement, Justice Azmi
said he had taken a step back and
relooked at the evidence objec-
tively and viewed the prosecution
case from all angles, especially the
demeanours of the prosecution
witnesses during the trial.
“I am satisfied that all ingredi-
ents of the charge against the ac-
cused that need to be proved have
been established,” he said in his
two-and-a-half hour judgement.
Justice Azmi said it could be
inferred from evidence present-
ed in court that there was a well-
planned conspiracy between the
two women and four North Ko-
rean suspects at large to kill Kim
Chol.
“I can’t rule out that this could Doan being brought to court under heavy security yesterday. Photo by Bernama
be a political assassination. De-
spite that I am still unable to
confirm this fact even though that a common intention was also “Based on the CCTV footage, a finger on the deceased,” said
the evidence produced by the proven and the two women were it can be seen that the four men the judge
prosecution in the form of the the perpetrators. were at the scene but what were Lawyer Gooi Soon Seng, rep-
closed-circuit television (CCTV) Siti Aisyah and Doan were they doing there? They were mere resenting Siti Aisyah and Doan's
footages showed the meticulous charged with four others still at bystanders but they played a role lawyer, Hisyam Teh Poh Teik said
planning undertaken by the four large with the murder of Kim Chol, and they are part of the chain that that their clients would testify un-
North Koreans,” he said. 45, at the klia2 departure hall at led to the murder of the deceased der oath from the witness stand.
Besides that, the judge also said 9am on Feb 13 last year. even though they had not lifted — Bernama
16 B R O K E R S’ C A L L
No strong sales uplift from GST
zero-rating seen for DKSH
DKSH Holdings (Malaysia) Bhd
(Aug 16, RM3.81)
Downgrade to neutral with a low-
er target price (TP) of RM4.25: We
met with DKSH Holdings (Malay-
sia) Bhd’s management recently to
get updates on its performance and
outlook. Based on preliminary esti-
mates, sales are not expected to pick
up strongly during the three-month
tax holiday when the country’s sys-
tem migrates from the goods and
services tax (GST) to the sales and
service tax (SST). Although con-
sumer spending should improve
year-on-year (y-o-y) on the back
of GST zero-rating (June to August
2018), we believe the overall retail
spending on non-discretionary
products will remain soft.
We are positive on its long-
term prospects, underpinned by
the country’s growing middle class,
rising trend of outsourcing and mar-
ket expansion into Asia, but earnings
are not likely to grow sharply in the
medium term. Given the decline in
its five-year historical price-earnings
ratio (PER) from 13 times previously,
we now peg DKSH at a lower multi-
ple of 11 times financial year ended
2019 forecast (FY19F) PER. Coupled
with a cut in our earnings forecasts,
our TP is reduced to RM4.25 (RM5
previously). Hence, we downgrade
our rating to “neutral”.
The logistics segment remains
PetChem’s O&D unit likely to remain stable
Petronas Chemicals Group Bhd
(Aug 16, RM9.24)
Maintain buy with a higher target
price (TP) of RM11.23: Petronas
Chemicals Group Bhd (PetChem)
booked RM2.6 billion in first half of
financial year 2018 (1HFY18) core
profit (+14% year-on-year [y-o-y]).
The stronger profit was primarily on
higher plant utilisation at the fer-
tiliser and methanol (F&M) wing
and stronger product prices. The
olefins and derivatives (O&D) di-
vision is likely to remain stable in
2018, with strong oil prices pro-
viding support for product prices
while methanol prices are likely to
firm on a potential supply shortage.
PetChem is our big-cap top pick in
the oil and gas sector.
PetChem booked a core net prof-
it of RM1.4 billion in the second
quarter of FY18 (2QFY18), bringing
1HFY18 core earnings to RM2.6 bil-
lion — well within our expectations
at 54.6% but slightly above con-
sensus 62.5%. A 14 sen per share
interim dividend was declared,
accounting for 53% of our full-year
dividend per share forecast. 2QFY18
core profit surged 41% y-o-y. This
was mainly underpinned by strong-
er margins at the F&M division —
on firmer product prices and higher
plant utilisation as a result of lower
maintenance activities at its ammo-
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Back-end loaded
results expected
for Hup Seng on
cheaper CPO,
weaker ringgit
Hup Seng Industries Bhd
(August 16, RM1.08)
Maintain buy with an unchanged
the key growth driver, supported by DKSH Holdings (Malaysia) Bhd target price (TP) of RM1.25: Hup
the healthcare and telecommunica- CAGR Seng Industries Bhd’s first half of
tion sub-segments. The profit mar- FYE DEC (RM MIL) 2016A 2017A 2018F 2019F 2020F (%) financial year 2018 (1HFY18) ad-
gin for logistics has been improving Revenue 5,271.0 5,510.4 5,746.5 6,000.7 6,265.6 4.4 justed net profit came in at 44%
gradually since the third quarter of Core NP 75.2 63.7 59.9 60.8 64.2 0.2 and 42% of our and consensus
FY16 (3QFY16) due to better prod- EPS (sen) 47.7 40.4 38.0 38.5 40.7 0.2 full-year forecasts. However, we
uct mix and gains on operational deem this as within estimates as
efficiencies. Given Malaysia’s low PER (x) 8.0 9.5 10.1 9.9 9.4
results are expected to be back-
per capita spending on healthcare Dividend yield (%) 2.5 2.6 2.9 3.0 3.1 end loaded due to the decreasing
at US$386 versus the regional av- Debt to equity (x) net cash net cash net cash net cash net cash crude palm oil (CPO) price and
erage of US$520 (source: World ROA (%) 4.0 3.4 3.0 2.9 2.9 weakening of the ringgit, which
Health Organization, 2015), we be- ROE (%) 14.2 11.2 9.8 9.3 9.2 bode well for 2HFY18 earnings.
lieve there is room for growth in the NTA/share (RM) 3.4 3.6 3.9 4.1 4.4 1HFY18 revenue increased
logistics segment in the long run. Price to NTA (x) 1.1 1.1 1.0 0.9 0.9 by 2.6% year-on-year (y-o-y) to
Meanwhile, the marketing and RM146.9 million on the back of
Sources: Company, PublicInvest Research estimates
distribution (M&D) segment is ex- increased domestic sales (+7%)
pected to remain lacklustre in the from wholesale and modern
next six months. Despite GST ze- channels, which were partly off-
ro-rating between June and Au- set by a decline in export sales
gust, sales are not expected to pick (-8%) due to the strong ringgit in
up strongly and we attribute this to 1HFY18. Profit before tax (PBT)
a more muted retail spending on declined by 3.4% y-o-y to RM26.8
non-discretionary products. Post SST million on the back of lower ex-
implementation effective Sept 1, this port sales from the strong ringgit
segment could potentially experience and higher operating costs.
slower sales until December 2018 Quarter-on-quarter (q-o-q) rev-
(seasonal uptick due to festivities). enue declined by 9.6% to RM69.7
We cut our FY18F to FY20F earn- million, mainly dragged down by
ings forecasts by 2% to 5% to fac- the decline in export sales from In-
tor in lower margins for the M&D donesia, Mauritius and Myanmar
segment. This segment is also af- due to the slowdown in sales from
fected by a bad account which led these countries. PBT declined by
to higher allowance of inventory 20.5% q-o-q to RM11.9 million due
obsolescence in 2QFY18 and this to the increase in operating costs,
is expected to spill over into the DKSH’s long-term prospects are underpinned by the country’s growing middle class, which we believe is due to higher
subsequent quarter. — PublicIn- rising trend of outsourcing and market expansion into Asia, but earnings are not likely energy costs for oven operations
vest Research, Aug 16 to grow sharply in the medium term. and logistics.
The group declared a first-tier
interim dividend of two sen per
share during the quarter under
review.
No change to our earnings
forecasts.
Top-line growth for Hup Seng
Petronas Chemicals Group Bhd 2018, in view of tight supply due to is expected to come from im-
the turnaround in the Middle East. proved export sales to the Middle
FYE DEC (RM MIL) 2016 2017 2018F 2019F 2020F Methanol prices are likely to be East and China markets on the
Total turnover 13,860 17,407 18,792 18,366 19,493 stronger in 2HFY18, primarily on back of: i) higher sales incentives;
Reported net profit 2,746 4,177 4,261 4,280 4,368 short supply due to methanol plant ii) promotional sponsorship initi-
turnarounds in China and South- atives for the distributors; iii) and
Recurring net profit 2,932 4,177 4,261 4,280 4,368
east Asia. In addition, US sanctions weakening of the ringgit to the US
Recurring net on Iran could also undermine ex- dollar in 2HFY18. Domestic sales
profit growth (%) 5.4 42.5 2.0 0.4 2.1 ports of PetChem methanol out- are expected to grow organically
Recurring EPS (RM) 0.37 0.52 0.53 0.53 0.55 put to China’s methanol-to-olefin by 2.8% y-o-y for FY18.
DPS (RM) 0.18 0.27 0.27 0.27 0.27 plants if Europe joins in the sanc- We maintain our FY18 refined
Recurring PER (x) 24.8 17.4 17.1 17.0 16.7 tions — this indicates bullishness palm oil assumption at average
P/B (x) 2.69 2.51 2.34 2.19 2.05 on product prices. RM3,000 per tonne (RM3,300
P/CF (x) 21.9 16.5 15.4 15.3 15.0 While our earnings forecasts are per tonne in FY17) and this will
maintained, the TP is upgraded provide earnings support for the
Dividend yield (%) 2.0 3.0 2.9 2.9 3.0
slightly to RM11.23 from RM11.18, year. Note that the crude palm oil
EV/Ebitda (x) 11.7 9.2 9.0 8.5 7.9 23% upside, as we roll over our price is on a downtrend and the
ROAE (%) 10.6 14.9 14.2 13.3 12.7 valuation to 21 times FY19 fore- decline is expected to reduce the
Net debt to equity net cash net cash net cash net cash net cash cast (FY19F) price-earnings. This cost of palm olein for Hup Seng.
Our vs consensus is slightly above two standard de- We believe that implementation
EPS (adjusted) (%) 3.8 0.2 (6.2) viation of its mean due to the de- of the tax-break period in Malaysia
Sources: Company data, RHB fensive earnings profile. Valuation as well as implementation of the
is justified, given earnings are likely sales and service tax in September
to see a lift in FY20 on a new Refin- would have immaterial impact on
nia and urea plants — and stronger market before. This is as major pet- ery and Petrochemical Integrated Hup Seng’s earnings as the group
O&D contributions. This was largely rochemical producers have started Development petrochemical plant sells stapled goods, for which de-
on stronger petrochemical product up post the end of the plant turn- and its earnings before interest, tax- mand is inelastic to change in the
prices. Cumulatively, 1HFY18 core around season. Strong oil prices es, depreciation and amortisation price of the goods. However, the in-
profits were 14% y-o-y stronger due should continue to provide solid margin being two times its locally crease in minimum wage may pres-
to improvements at the F&M wing, support for most of the product listed peer Lotte Chemical Titan. surise the staff costs to rise further.
thanks to contributions from the prices, enabling PetChem to con- Risks to our call are a plunge in oil Maintain our “buy” call on
Sabah Ammonia Urea plant and tinue enjoying expanded product prices and the lifting of US sanc- Hup Seng with an unchanged TP
higher plant utilisation. margins on its fixed gas feedstock tions on Iran, which may result in of RM1.25 per share based on div-
Overall market for the O&D cost advantage. a potential methanol oversupply idend discount model valuation
business should be more balanced Fertiliser prices are likely to stay scenario. — RHB Research Insti- (k: 7.6%; g: 2.5%). — TA Securities
moving forward versus a tighter firm in the remaining quarters of tute, Aug 16 Research, Aug 16
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 17

Impending IBR impact

Astro seen to recreate success with UHD
Astro Malaysia Holdings Bhd broadcasts have 3,840 x 2,160
(Aug 16, RM1.79) pixels resolution which is four

likely to dampen
Maintain hold with an un-
changed target price (TP) of
RM2.00: Astro will commence
commercial broadcasting in
ultra high definition (UHD) in
times that of full HD broadcasts
at 1,920 x 1,080 pixels resolution.
Currently, about half of As-
tro’s Pay-TV subscribers take up
HD content. We understand that

Petronas Gas results

October 2018. We gather that the Arpu for Pay-TV subscribers
this is an effort to recreate the who take up HD content is more
success that Astro had with high than RM100 while the Arpu for
definition (HD) content, which Pay-TV subscribers who do not
saw average revenue per user is RM75. As more Pay-TV sub-
(Arpu) surging from RM82 in scribers take up HD content,
financial year 2010 (FY10) to Arpu trends higher.
RM100 today. All else being equal, we es-
Petronas Gas Bhd Petronas Gas Bhd While we are encouraged that timate that every RM1 increase
Aug 16, RM18.38) Astro is evolving with the times, in Arpu will accrete RM30 mil-
Maintain sell with a higher fair FYE DEC (RM MIL) 2017 2018F 2019F 2020F we are unsure how well UHD lion or 4%-5% to our earnings
value (FV) of RM17.50: We main- Revenue 4,809.6 5,429.6 5,439.0 5,504.2 content will be taken up, given estimates.
tain our “sell” recommendation for Core net profit 1,792.7 1,962.0 1,927.6 1,954.3 the competitive operating en- Astro plans to offer UHD con-
Petronas Gas Bhd (PetGas) but with vironment. tent to SuperPack subscribers
FD core EPS (sen) 90.6 99.2 97.4 98.8
a higher sum-of-parts-based FV of Astro launched UHD con- who yield Arpu of more than
RM17.50 per share (from an earlier FD core EPS growth (%) 3.1 9.4 (1.8) 1.4 tent on Sunday, with the trial RM140 at no extra cost to them
RM16.80 per share), which implies Consensus net profit 1.880 1,900 1,900 broadcast of the Liverpool versus to retain and attract new Super-
a financial year ended 2018 forward DPS (sen) 66.0 66.0 66.0 66.0 West Ham and Arsenal versus Pack subscribers.
(FY18F) price-earnings ratio (PER) PER (x) 20.6 18.8 19.2 18.9 Manchester City Barclays Pre- With intense competition
of 18 times, a 20% discount to the EV/Ebitda (x) 12.1 11.1 11.1 10.8 mier League matches in UHD. from Android TV boxes, it re-
two-year average of 23 times. Dividend yield (%) 3.5 3.5 3.5 3.5 Astro will commence commer- mains to be seen how well UHD
This is due to the expected val- cial broadcasting in UHD in Oc- content will be taken up.
ROE (%) 14.6 15.3 14.3 13.8
ue erosion from the Energy Com- tober 2018 (starting with Food Astro will also have to swap
mission’s (EC) plan to implement Net gearing (%) 4.7 nm nm nm and Beverage [F&B] outlets) out set-top-boxes, lease more
incentive-based regulation (IBR) Source: AmInvestment Bank and launch three UHD chan- satellite transponders and incur
tariffs on the group’s gas transporta- nels broadcasting live sports and more content cost. — Maybank
tion tariff under the Gas Supply Act However, we have raised PetGas’ On a year-on-year (y-o-y) com- general entertainment. UHD IB Research, Aug 14
2016, scheduled to be effective by FY18F-FY20F earnings by 6% on a parison, the group’s 1HFY18 core
January 2019. We do not expect any four percentage points (ppts) cut in net profit rose 13% from the 490
changes to the existing gas policy effective tax rate assumptions as its million standard cu ft per day ca- Astro Malaysia Holdings Bhd
as the proposed third-party access first half of FY18 (1HFY18) core net pacity Pengerang Regasification
mechanism will ultimately lower profit of RM993 million was above Terminal commencement togeth- FYE JAN (RM MIL) 2017A 2018A 2019E 2020E 2021E
gas transportation costs and ben- expectations, accounting for 53%- er with higher utilities tariffs, and Revenue 5,613 5,531 5,559 5,678 5,801
efit consumers. 54% of our and consensus forecasts. increased operations and mainte- Ebitda 1,817 1,820 1,691 1,837 1,886
Based on management’s con- As a comparison, 1HFY16- nance revenue from the Sabah-Sar- Core net profit 663 678 609 752 808
tinuing guidance that its gas trans- 1HFY17 net profits accounted for awak gas pipeline. Core FDEPS (sen) 12.7 13.0 11.7 14.4 15.5
portation segment’s depreciated 49%-50% of their respective years. The stock currently trades at an Core FDEPS growth (%) 0.2 2.2 (10.3) 23.6 7.5
replacement cost is three times its The group declared a second inter- FY18F PER of 19 times, 17% below
Net DPS (sen) 12.5 12.5 10.5 12.5 12.5
current historical book value, our im dividend of 16 sen (flat quar- its two-year average, while dividend
FY18F-FY19F return on regulated ter-on-quarter [q-o-q]), which leads yield is fair at 4%. However, these Core FD PER (x) 22.1 20.9 16.0 12.9 12.0
asset base translates into 9% for the to a 1HFY18 dividend per share of valuations are unjustified given that P/BV (x) 23.5 21.6 13.6 11.9 10.0
gas transportation segment versus 32 sen — 48% of our forecast. its recurring income and margins Net dividend yield (%) 4.4 4.6 5.6 6.7 6.7
Tenaga Nasional Bhd’s 7.3%, as The group’s 2QFY18 core net are likely to erode over the longer ROAE (%) 101.9 120.7 89.0 98.3 90.5
guided by the EC. profit rose 8% q-o-q to RM516 mil- term due to the IBR implementa- ROAA (%) 10.1 10.3 9.4 12.7 14.4
PetGas is still in discussion with lion, mainly due to a 5.5 ppts con- tion, even though management EV/Ebitda (x) 9.5 9.5 7.6 6.7 6.4
the EC on the framework and quan- traction in effective tax rate to 15%, hopes to cushion the impact of the
Net gearing (%) (incl perps) 481.0 571.2 438.8 323.6 241.7
tum of the tariff beyond 2018, which due to initial allowances from the lower tariffs over an undisclosed
includes a plan to mitigate the im- Pengerang LNG regasification ter- duration, which is currently under Consensus net profit - - 677 716 746
pact by phasing the reduction in minal, which commenced opera- negotiation with the EC. — AmIn- MKE vs consensus (%) - - (10.0) 5.1 8.4
asset return over a number of years. tion in November last year. vestment Bank, Aug 15 Source: Maybank IB Research

KLCCP Stapled 1HFY18 profit within estimates

KLCCP Stapled Group in retail rental reversion, and new KLCC Stapled Group quantum given the saturated state
(Aug 16, RM7.57) parking and maintenance contracts of tenancy.
Maintain hold with an unchanged in 1H18. The 6%-7% y-o-y revenue FYE DEC (RM MIL) 2016A 2017A 2018F 2019F 2020F Also, the general election and ze-
target price (TP) of RM7.83: First growth for hotel and management Total net revenues 1,344 1,367 1,415 1,477 1,516 ro-rated goods and services tax effect
half of financial year ended 2018 services outpaced the 1% growth Operating Ebitda 1,032 1,033 1,063 1,105 1,123 on shopper traffic between April and
(1HFY18) core net profit made up for retail and office, thanks to a full May appears to have subsided, given
Net profit 886.0 877.9 750.6 793.1 812.9
48%-49% of our and consensus full- occupancy, and higher rental and av- positive tenant sales observed in the
year estimates. The results were erage room rates in 1H18. Additional Core EPS (RM) 0.40 0.39 0.42 0.44 0.45 month of June.
broadly in line as we expect strong- 29 new refurbished rooms at MO will Core EPS growth (%) (0.76) (3.28) 7.93 5.67 2.49 We retain FY18-FY20F earnings
er retail rental revenue and positive flow into inventory by end-August. FD core PER (x) 19.08 19.73 18.28 17.30 16.88 per share supported by: i) stable in-
impact from refurbished hotel rooms During the results briefing, man- DPS (RM) 0.36 0.36 0.38 0.40 0.41 come from its office assets, ii) the
in 2HFY18. 1HFY18 revenue growth agement was optimistic that it can Dividend yield (%) 4.69 4.76 4.98 5.27 5.40 gradual completion of Suria KLCC’s
of 2.4% year-on-year (y-o-y) was driv- sustain the 100% office occupancy EV/Ebitda (x) 16.45 16.59 15.99 15.40 15.16 tenant remixing exercise, iii) increas-
en by all segments. achieved as at end-June for Menara ing occupancy and better room rates
P/FCFE (x) 19.72 23.41 17.69 16.74 16.26
Core net profit rose at a slower ExxonMobil. Over the medium term, at MO, and iv) Workplace For Tomor-
pace of 1.4% y-o-y, dragged down general observations are that the Net gearing 10.4 10.0 8.8 8.0 7.3 row initiative for Petronas’ towers.
by a one-off building audit cost in office segment will remain oversup- P/BV (x) 1.07 1.07 1.07 1.06 1.06 We continue to like KLCCP Sta-
second quarter of FY18 (2QFY18) plied, with as much 1,000 new in- ROE (%) 5.67 5.42 5.83 6.16 6.29 pled Group for its prime locations
and depreciation from refurbished coming grade A offices by end-2018. CIMB/consensus EPS (x) 1.03 1.04 1.04 and secured office assets (long-term
hotel rooms at Mandarin Oriental Positive near-term indicators point Sources: CIMB Research, company reports and triple net leases), though this is
(MO). 1HFY18 distribution per unit to a recovery in demand for office offset by oversupplied office space
of 17.4 sen was also in line. space from the oil and gas sector. and retail competition. “Hold” rating
Segmental operating indicators The office segment made up 53% pleted in 3Q18. Currently, progress disruption to shoppers. Moving av- and TP retained. Upside/downside
were generally positive in 1H18, on of pretax profit in 1H18. is ongoing for the luxury precinct, erage turnover of tenant sales rose risks: higher-than-expected rental
the back of a 100% occupancy rate Suria KLCC’s ongoing tenant re- followed by escalator modernisation 2% y-o-y to RM2.6 billion in 1H18 reversions/tenant non-renewals. —
for offices, lower single-digit growth mixing strategy is targeted to be com- which will be done in stages to avoid (Suria KLCC and Tower 3), a stable CIMBCGS Research, Aug 15
18 C O M M E N T
Commodities meet their
Wile E Coyote moment
A chasm just opened under metals
BY DAVID FICKLING
T
here comes a moment
in every market where
traders suddenly feel
the ground dropping
away beneath their
feet.
Like Wile E Coyote, the Warner
Bros cartoon character who hov-
ered in mid-air after running off the
edge of a cliff before plummeting
to the valley below, conditions can
even feel weirdly normal for a while.
That seems to be what’s happen-
ing in commodity markets. A savage
4% slump on the London Metal Ex-
change (LME) on Wednesday drove
copper into a bear market, pushing
the metal often considered a proxy
for economic growth below US$6,000
(RM24,600) for the first time in a year.
Crude touched its lowest levels since
April, while LME zinc suffered its
biggest one-day drop in almost two
years. Even gold, a metal that thrives
in times of trouble, has tumbled be-
low US$1,200 an ounce this week.
Among Bloomberg’s indices of com-
modities, only energy and agriculture
have been (relatively) spared by the
turmoil of recent weeks.
In many ways, the biggest surprise
is that it has taken so long. Ever since
China’s post-financial investment
splurge came to an official end, the
metals market has been supported
largely by supply problems and the
strictly short-term stimulus Beijing
ordered up to get the economy run-
ning hot for the political theatre of last
year’s Communist Party Congress.
China’s tumbling equities now look very attractive, to some
BY SO F I A HORTA E COSTA
& T I A N CHEN
THERE’s a silver lining to this year’s
US$2.5 trillion bloodbath in China’s
equity market: foreigners want in.
Buying yuan-denominated shares
has rarely been so easy and inexpen-
sive for international investors. The
currency is near its weakest in 16
months and hedging against further
declines is very cheap. Valuations are
16% lower than when MSCI Inc first
added the shares to its indices only
two months ago, while restrictions
to access have eased, daily quotas
have increased and trading mech-
anisms have come through testing.
Mainland stocks barely feature in
international portfolios, a shortfall that
China has been trying to address for
years as it gradually opens its econo-
my. Recent northbound buying shows
overseas traders are hunting for val-
ue in China after the CSI 300 Index
Annual growth in state and
state-owned fixed-asset invest-
ments, which surged to a post-fi-
nancial-crisis high of almost 25%
in May 2016 , fell to 1.33% in June
this year, the slowest expansion
since 2005. For all the signs that
the country will allow fresh credit
loosening and another bout of in-
dustrial stimulus to take the edge off
the economic pain from the trade
war with the US, at present there’s
little sign of a 2016-style reflation.
Meanwhile, the copper market
has been focused on the problems
of ramping up supply from some
of the biggest pits, such as Gras-
berg (where owner-operator Free-
port-McMoRan Inc has been locked
lost as much as 32% in dollar terms
since January. That has increased their
ownership of the mainland market
to about 5.3% of free float from 2%
earlier in the year, according to asset
management firm Robeco.
“It’s given the long-term buy-
ers a much better entry point,” said
Victoria Mio, the chief China invest-
ment officer for Robeco’s Hong Kong
unit. “They weren’t caught in the
weakness and can afford to be a little
less cautious than in January, when
everything was expensive. People
who were going to enter the mar-
ket anyway might as well do it now.”
Foreign investors bought a net
US$3.7 billion (RM15.17 billion) of
mainland shares since July 25, ac-
cording to data compiled by Bloomb-
erg based on daily quota usage. MSCI
Inc this week listed 10 more A shares
it plans to add to its indices at the end
of the month, a change that will lift
the weighting of mainland stocks to
in negotiations with the Indonesian
government, which wants to take a
controlling stake) and Escondida
and Chuquicamata in Chile, where
BHP Billiton Ltd and Corp. Nacion-
al del Cobre de Chile have been in
disputes with unions.
While those problems in the
ore pits are real, conditions in the
warehouses where refined copper
cathode is stacked look a lot health-
ier. Inventory linked to the major
London, Shanghai and Chicago ex-
changes has fallen somewhat from
its peaks earlier this year, but still
remains at levels not seen in years.
LME copper’s cash-to-three-
month spread, which sparked a
few bullish hopes in June when it
0.75% of its emerging-market gauge.
While the proportion is still tiny, it is
another step toward attracting some
of the US$2 trillion tracking MSCI’s
indices worldwide.
Rival index provider FTSE Rus-
sell is slated to announce plans for
A shares next month.
There are signs China wants to
improve access for foreigners, a
move that would broaden the pool
of money available to support its
languishing stock market. Regula-
tors last week said they’ll ease some
trading restrictions facing overseas
qualified investors such as insurers,
pension funds or sovereign wealth
funds. The announcement triggered
a temporary rally in onshore stocks.
Fresh declines in stocks and the
yuan mean the valuation case for
Chinese shares is stronger than it has
been all year. A gauge of large caps,
a group that comprises the majority
of foreign buying, trades at only 8.4
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
pipped up into the positive territory
that normally indicates a shortage
of supply, has since slumped to a
negative US$42.
While the general sell-off in ma-
terials-hungry emerging markets
and surge in the US dollar (which
tends to reduce the value of dol-
lar-denominated assets like com-
modities) all explain part of the
weakness among metals, it’s the
China factor that should prompt
most soul-searching.
The People’s Republic accounts
for about half of global consumption
of most metals. As we’ve argued
before, that’s hard to square with
levels of demand in comparable
industrial economies, even when
times projected earnings, down from
a multiple of 12 times in January.
Relative to the S&P 500, it is near the
biggest discount in about 15 months.
“Everything has a price,” said
Charles Feng, head of macro trading
at Standard Chartered plc in Hong
Kong. “At a certain point, people are
going to come in and start to pick
the bottom. That’s why I wouldn’t
be that bearish on everything.”
Luring foreigners comes at a cru-
cial time for China’s equity market as
the country’s 142 million day traders,
who drive more than 80% of daily
turnover, grow increasingly disheart-
ened. But with better known com-
panies in Hong Kong or New York
also trading cheap, not all investors
see the need to plunge into A shares.
“There’s value everywhere in the
China space,” said Andrew Mattock,
who helps manage Matthews Asia’s
China funds from San Francisco.
While he has been buying H shares
you strip out the effects of export
trade. It’s at least as probable that
the numbers have been driven by
the orgy of fixed-asset investments
that has caused Beijing to build rail-
ways and pipelines to nowhere, the
world’s most sophisticated long-dis-
tance electricity transmission net-
work, and enough copper-wire-filled
homes to house half its population
over the past decade.
Perhaps there really is something
different about China that can sus-
tain the sort of consumption levels
we’ve seen in recent years. In that
case, the rise of copper-intensive
renewable energy and electric ve-
hicle technologies over the coming
decade will ensure a bright future.
Still, while Bloomberg Intelli-
gence analyst Andrew Cosgrove ex-
pects to see structural deficits in the
copper market after 2022 because
of rising demand and a shortage
of new mines under development,
forecast shortages in 2020 and 2021
have reversed into surpluses in re-
cent months — a factor that’s typi-
cally bearish for prices.
Copper has leaped chasms like
this before to fight another day,
but such a rebound shouldn’t be
taken for granted. Its plunge this
week gives investors a glimpse of
the uncertain ground they’ve been
treading. — Bloomberg
David Fickling is a Bloomberg
Opinion columnist covering com-
modities, as well as industrial and
consumer companies. He has been a
reporter for Bloomberg News, Dow
Jones, The Wall Street Journal, the
Financial Times and The Guardian.
after the sell-off, he says he hasn’t
increased A-share exposure. “There’s
extreme value in Hong Kong and
even expensive ADRs are getting in-
teresting.”
Robeco’s Mio, who earlier this
year travelled throughout the US,
Europe, Australia, and Latin America
to pitch A shares to foreign investors,
said many refrained from buying
because they had only just started
researching China’s US$5.9 trillion
equity market. CLSA Ltd’s Alexious
Lee agreed, noting there are about
3,600 companies trading on China’s
main boards in Shanghai and Shen-
zhen. That’s more than those listed
in London or Hong Kong.
“Overseas investors need time to
understand the market, get to know the
companies and be confident enough
to position themselves beyond the
top 15 stocks,” said Lee, head of Chi-
na capital access at CLSA. “Now is a
great moment to do that.” — Bloomberg
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
Amazon
considering
UK insurance
comparison site
BY C A RO LYN COH N
& SI M O N J ESSOP
LONDON: Amazon.com Inc
is sounding out some of Eu-
rope’s top insurance firms to
see if they would contribute
products to a UK price compar-
ison website in what would be
a major foray by the US online
retail giant into the region’s fi-
nancial services.
Three industry executives
told Reuters they had held talks
with Amazon about the possi-
ble launch of a site. One said
the talks were part of several
discussions Amazon is having
with insurers. A second said
there were no imminent launch
plans.
While it was not immediate-
ly clear what type of insurance
would be sold on any Amazon
site, home and motor policies
are popular sellers on existing
UK price comparison sites.
“As Amazon becomes a larg-
er part of the home, whether it’s
products delivered to the home,
security monitoring, home ser-
vices like Wi-Fi installation, you
can make the case that insur-
ance is the next logical step for
this company,” said Morning-
star analyst R J Hottovy.
An Amazon price compari-
son website for insurance prod-
ucts would be a potential chal-
lenge to existing UK sites, given
the US company’s cutting-edge
technology, reach and loyal cus-
tomer base.
While Chinese tech giants
Alibaba and Tencent have large
finance arms, leading Western
technology firms have taken
a more cautious approach to
heavily regulated financial ser-
vices. — Reuters
Atlantia shares fall 24% over bridge collapse
ROME: Shares in Italian infrastruc-
ture group Atlantia, which operates
the motorway on which a bridge
in Genoa collapsed, were initially
suspended on the Milan stock ex-
change yesterday, but plunged more
than 24% when trading resumed an
hour later.
Atlantia’s prime asset is Auto-
strade per l’Italia, which operates
the A10 highway where a segment of
the overpass collapsed on Tuesday,
killing at least 39 people.
Its shares had already closed 5.4%
lower on Tuesday.
Milan had been closed for a pub-
lic holiday yesterday.
But when Atlantia shares re-
opened after an hour’s delay yes-
terday, they were down 24.4% at
€17.79 (RM82.99) after the govern-
ment suggested that it could revoke
Autostrade’s operating licence for
the motorway.
Deputy Prime Minister Luigi Di
Maio charged on Wednesday that
the tragedy “could have been avoid-
ed” and that it was clear that Auto-
China, US to hold
fresh trade talks
Glimmer of hope for progress in resolving conflict
BY ELIAS GLENN
BEIJING: China said yesterday it
will hold a fresh round of trade talks
with the US in Washington later this
month, offering a glimmer of hope
for progress in resolving a conflict
that has set world markets on edge.
A Chinese delegation, led by
Vice Minister of Commerce, Wang
Shouwen, will meet with US repre-
sentatives led by Under Secretary
of Treasury for International Af-
fairs, David Malpass, the Ministry
of Commerce said in a statement
on its website.
The world’s two largest economies
have implemented several rounds of
Corona owner to invest another US$4b in Canopy
BY UDAY SAM PATH KUMAR
& NICHOLA SAM INATH E R
BENGALURU/TORONTO: Corona
beer maker Constellation Brands
will infuse another US$4 billion
(RM16.41 billion) into Canada’s top
cannabis producer, Canopy Growth,
the biggest investment in the in-
dustry, to capitalise on booming
demand for marijuana.
Constellation, among the first
big alcohol makers to invest in the
marijuana industry, pumped almost
US$200 million in Canopy last year
in a deal to produce a non-alcoholic
cannabis-based beverage.
With the new investment, it will
The Italian
government said it
intended to fine the
firm €150 million and
cancel its concession.
strade per l’Italia was at fault for not
carrying out maintenance.
The Italian government said it in-
tended to fine the firm €150 million
and cancel its concession.
The transport ministry told AFP
it would first look at whether it was
justified to revoke the concession for
the A10 motorway and then look at
all the other concessions.
In a statement yesterday, Atlan-
tia said, the decision to revoke its
licence had been taken unilaterally.
“The announcement was public-
ly communicated lacking a specific
default notice and without any veri-
fication of the material causes of the
accident,” it said. — AFP
tit-for-tat tariffs on each other’s goods
since the start of the year and have
threatened further tariffs on exports
worth hundreds of billions of dollars.
The announcement of the coming
meeting comes after a lull in talks be-
tween the two sides, but it is unclear
whether it will take place before or
after Aug 23, when Washington is
due to activate additional tariffs on
US$16 billion (RM65.64 billion) of
Chinese goods. Beijing has said it
will retaliate in kind.
The last official round of talks was
in early June when US Commerce
Secretary Wilbur Ross met Chinese
Vice Premier Liu He in Beijing.
The coming meeting is at a lower
support Canopy’s full suite of prod-
ucts and assist as it develops new
offerings, Constellation chief ex-
ecutive, Rob Sands, said on a con-
ference call.
Toronto-listed Canopy shares
rose as much as 35% and were
up 28% at C$41.17 (RM128.73) at
1418 GMT, the highest level since
June, and lifted shares of its peers.
Constellation shares slid 8% to
US$203.73 in New York.
Canopy said it will use the pro-
ceeds to expand and gain exposure
to the nearly 30 countries likely to
approve medical marijuana. It is
targeting C$1 billion in overseas
acquisitions over the next six to 12
W O R L D B U S I N E S S 19
level compared with four previous
rounds of talks that involved Liu,
Ross and US Treasury Secretary Ste-
ven Mnuchin.
China has repeatedly pointed out
that US companies and consumers
will be hard hit by the trade war, a
theme the ruling Communist Par-
ty’s official People’s Daily returned
to yesterday.
Easing trade tensions helped
lift Chinese copper futures off
14-month lows, while prices of Chi-
nese farm goods fell amid hopes
that supplies of US soybeans, used
to make cooking oil and animal
feed, may resume if disputes are
resolved. — Reuters
months, Canopy chief executive
Bruce Linton said on the call.
“This (deal) marks the end of the
warm-up in our sector ... It’s fully
go-time,” Linton said.
With its new deal, Constellation
is paying a 38% premium to Cano-
py’s five-day average price, taking its
ownership in the company to 38%.
“While STZ (Constellation) is
paying a rich premium ... we believe
this was the right move and further
solidifies STZ’s first-mover advan-
tage ...,” Bonnie Herzog, a senior
analyst at Wells Fargo, said in a note.
Canopy is Canada’s biggest can-
nabis firm, with a market capitali-
zation of C$8.9 billion. — Reuters
IN BRIEF
China to widen foreign
access to A-shares
SHANGHAI: China’s securities
regulator said it will allow indi-
vidual foreign investors work-
ing in the country to buy and
sell yuan-dominated Chinese
A-shares, the latest incremen-
tal step by Beijing to widen ac-
cess to its long-cloistered equi-
ties markets from Sept 15. The
move also applies to foreign
employees of Chinese-listed
companies who are working for
those firms outside the country,
the China Securities Regulato-
ry Commission said in a state-
ment issued late Wednesday.
Previously, foreign access to
Chinese stocks has been largely
through B-shares, which are de-
nominated in foreign currencies
and geared toward international
investors, while only qualified
foreign institutional investors
could buy into the larger pool
of A-shares. — AFP
Telstra warns of
‘enormous challenges’
SYDNEY: Australia’s dominant
telecommunications compa-
ny, Telstra, yesterday warned of
“enormous challenges” ahead
as it posted an 8.9% slump in
annual profit. Its net result in
the year to June 30 fell to A$3.52
billion (RM10.49 billion), while
revenue was flat at A$26 billion.
Chief executive, Andy Penn, said
intense competition for mobile
customers and increased cus-
tomer expectations were having
an impact on business. “Com-
panies are defined by how they
respond in challenging times
and there is no doubt Telstra,
and the telecommunications
industry globally, is operating
in times of enormous challenge
and change,” he said. — AFP
Lenovo 1Q net profit
up sharply
HONG KONG: Chinese tech-
nology giant, Lenovo, yesterday
recorded a sharp rise in first
quarter (1Q) net profit as the
company’s turnaround gathered
pace. The personal comput-
er (PC) maker posted a US$77
million (RM315.91 million) net
profit in the quarter to June 30
compared to a US$72 million
loss in the same period last year.
“The group remains confident in
its core PC business, and aims
to grow ... without compromis-
ing on profitability,” chairman
Yang Yuanqing said in a state-
ment. Lenovo also reported a
19% rise in revenue to $11.91
billion. — AFP
Kingfisher sales receive
a boost
LONDON: Kingfisher, Europe’s
second-largest home improve-
ment retailer, reported a pick-
up in underlying sales in its lat-
est quarter, with demand for
seasonal products boosted by
the prolonged spell of warm
weather. The group said it was
pleased with the recovery at its
B&Q and Screwfix businesses in
Britain but said it had work to do
to improve its French business
Castorama, which continues to
struggle. — Reuters
20 W O R L D B U S I N E S S
Turkish lira gains support
This is ahead of Albayrak presentation to investors
BY DA R E N B U TL ER
ISTANBUL: The Turkish lira ral-
lied 3% yesterday ahead of a pres-
entation by Finance Minister Berat
Albayrak to investors, shrugging
off US comments ruling out the
removal of steel tariffs on Turkey
even if it frees a US pastor.
The lira gained some support from
the announcement late on Wednes-
day of a Qatari pledge to invest US$15
billion (RM61.54 billion) in Turkey,
and Albayrak will be looking to reas-
sure investors in his conference call
yesterday at 1300 GMT.
The lira, which has weakened
34% against the US dollar this
year, firmed to 5.7500 against the
US dollar by 0722 GMT yesterday
Uber narrows loss
but long way from
finding profit
BY HEATHER SOMERVILLE
SAN FRANCISCO: Uber Tech-
nologies Inc said on Wednesday
it narrowed its quarterly loss-
es from a year earlier, although
the ride-hailing company is still
a long way from proving it can
be profitable as it gears up to go
public in 2019.
Under the leadership of Dara
Khosrowshahi, who became chief
executive officer in September,
Uber has juggled investing in new
markets while retreating from oth-
ers where it was losing millions of
dollars. It is building up services
like food delivery and freight haul-
ing as it seeks new revenue, and
possibly a path to profitability,
outside its core business.
Uber’s net loss narrowed to
US$891 million in its second
quarter (2Q) ending June 30 from
US$1.1 billion a year earlier.
Its adjusted loss before inter-
est, taxes, depreciation and am-
ortisation was US$614 million,
down from US$773 million a year
earlier.
Net revenue rose more quick-
ly than gross bookings in the 2Q
from the prior period as the com-
pany dialled back on promotional
subsidies of rides.
But its growth faces risks from
decisions like that by New York
City this month to cap licences
for ride-hailing services for one
year. — Reuters
SEC scrutiny of Tesla grows as Goldman hints at adviser role
BY JAN WOLFE
WASHINGTON: The US Securities
and Exchange Commission (SEC)
has sent subpoenas to Tesla Inc
regarding chief executive officer
(CEO) Elon Musk’s plan to take
the company private and his state-
from a close of 5.95.
It has rebounded sharply from a
record low of 7.24 this week, bene-
fiting from central bank steps to un-
derpin a currency hit by concerns at
President Recep Tayyip Erdogan’s
influence over monetary policy and
a bitter dispute with Washington.
JPMorgan said moves by Turkish
authorities showed they were com-
mitted to stabilising the currency
with technical measures such as re-
stricting foreign exchange swaps and
cancelling repo auctions to push up
the weighted average cost of funding.
“Yet at the same time [Turkish
authorities] are reluctant to adopt
orthodox policy frameworks. This
could ultimately limit the efficacy
of technical tools,” JPMorgan said.
Hong Kong dollar funding costs
surge after HKMA defends peg
BY EM M A DAI
HONG KONG: Hong Kong’s in-
terbank borrowing costs climbed
across the curve, as the city’s cur-
rency interventions continued
overnight, taking this week’s total
to HK$16.8 billion (RM8.78 billion).
The three-month Hong Kong dol-
lar interbank offered rate, known as
Hibor, jumped by the most in more
than two months, while the one-
month rate climbed by the most
since June 22. The Hong Kong Mon-
ment that funding was “secured,”
Fox Business Network reported on
Wednesday, citing sources.
The electric carmaker’s shares
fell as much as 4% but cut their
losses after Goldman Sachs Group
Inc said it was dropping equity cov-
erage of Tesla because it is acting
Investors said Albayrak’s confer-
ence call was going to be a key test
of whether Turkey can convince the
market that its monetary policy is
not hostage to political influence.
etary Authority (HKMA) bought
HK$14.6 billion of local dollars on
Wednesday, according to the de fac-
to central bank’s page on Bloomb-
erg, after the currency declined to
the weak end of its trading band.
With the HKMA having begun
intervening again this week for the
first time since May, the aggregate
balance in the city will fall to HK$92.6
billion today. This would mark the
first time since 2008 that the meas-
ure of interbank liquidity dips below
HK$100 billion. Analysts are watch-
as a financial adviser on a matter
related to the automaker.
Investors viewed the Goldman
statement as confirming a tweet
from Elon Musk on Monday about
working with Goldman, even as the
reported subpoenas indicated the
SEC has opened a formal investi-
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Albayrak speaking during a presentation
to announce his economic policy in
Istanbul, Turkey on Aug 10. Investors
said the finance minister’s conference
call was going to be a key test of whether
Turkey can convince the market that
its monetary policy is not hostage to
political influence. Photo by Reuters
The White House said on
Wednesday that it would not re-
move steel tariffs on Turkey, ap-
pearing to give Turkish authorities
little incentive to work for the re-
lease of Andrew Brunson, a pas-
tor on trial in Turkey on terror-
ism charges. Turkish officials say
Brunson’s case is a matter for the
courts. — Reuters
ing to see when efforts to defend
Hong Kong’s dollar will start driving
up borrowing costs in the city.
“With the aggregate balance falling,
interbank rates will climb gradually
and press some lenders to hike prime
rates,” said Kim Man Ngan, co-head of
treasury at China Everbright Bank Co’s
Hong Kong branch. “But Hong Kong
still has ample liquidity. Pressure on
the local currency may continue, as
rate gaps are wide enough for carry
trade and bleak stock sentiment drives
outflows.” — Bloomberg
gation into a matter.
The latest news extended the
roller-coaster ride for Tesla inves-
tors in recent days, adding to uncer-
tainty about the future course of the
company and whether a deal can
be done amid growing regulatory
complications. — Reuters
IN BRIEF
Tencent shares hit by
profit drop, murky out-
look for game approvals
HONG KONG: Shares in Chi-
na’s Tencent Holdings lost more
ground yesterday after it logged
its first quarterly profit decline
in nearly 13 years and said it
did not know when it would
get Chinese approval to make
money off its most popular
game. The disappointing earn-
ings results have highlighted
the impact of a freeze on new
China approvals for the gaming
industry since March due to the
restructuring of related regula-
tory agencies in the world’s big-
gest gaming market. Reporting
a 2% decline in second-quarter
net profit as well as its slowest
revenue growth in three years,
Tencent said the biggest hur-
dle to a return to rapid revenue
growth was that it could not yet
charge for its PlayerUnknowns’
Battlegrounds video game in
China. — Reuters
EU stalling on Airbus,
blocks request for WTO
compliance panel — US
GENEVA: The US said on
Wednesday the European Union
(EU) and four of its plane-mak-
er states have failed to bring
subsidies for Airbus into line
with a World Trade Organiza-
tion (WTO) ruling of last May,
an accusation refuted by the EU.
The EU asked the WTO last week
to certify that it has complied
with WTO rulings that found
its Airbus subsidies illegal, at-
tempting to forestall billions
of US dollars of US retaliatory
sanctions. However, at Wednes-
day’s meeting of the WTO’s Dis-
pute Settlement Body, the EU’s
request to set up a fresh panel
to rule on its “full compliance”
was blocked by the US delega-
tion. The next meeting is on Aug
27 when the row is expected to
surface again. — Reuters
UK regulator sticks
to £14/share floor for
Sky from Disney
LONDON: Britain’s Takeover
Panel said yesterday it had con-
firmed its ruling that Walt Dis-
ney might have to offer at least
£14 a share to buy UK pay-tele-
vision group Sky. Disney would
only be forced to make such an
offer if it completes a deal to
buy 20th Century Fox’s TV and
film assets, which includes a 3%
stake in Sky, before either Fox
or rival suitor Comcast succeed
in taking control of the British
broadcaster. — Reuters
Google provides data on
US political advertising
BENGALURU: Google has add-
ed a section to its twice-yearly
transparency report to show
who buys US election ads on its
platform and how much mon-
ey is spent on political adver-
tising, the search engine giant
said on Wednesday. The move
follows similar steps from Twit-
ter and Facebook in late June,
as social media platforms face
the threat of US regulation over
the lack of disclosure on such
spending. — Reuters
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
Cambodia ruling
party sees US
visa sanctions
‘useless’
PHNOM PENH: US travel sanc-
tions targeting Cambodian offi-
cials are “useless”, a ruling party
spokesman said yesterday, as the
kingdom shrugs off internation-
al criticism of a one-sided elec-
tion win.
The Cambodian People’s Party
(CPP) led by strongman Hun Sen
won all 125 seats in parliament
during last month’s poll.
The main opposition did not
contest the vote after a court dis-
solved the party, clearing the way
for a landslide victory for the CPP.
Western governments have
decried the election and the US
State Department on Wednesday
announced an expansion of visa
restrictions to include Cambodi-
ans responsible for a crackdown
on dissent in the run-up to the
“flawed” vote.
But a spokesman for the CPP
called the move “useless”.
“The restrictions or so-called
sanctions on Cambodia will not
be effective,” Sok Eysan said. “For
example, if I don’t want to go to
that country, how can they block
my visa?”
Washington did not name the
officials targeted by the expanded
list but it has already hit the chief
of Hun Sen’s bodyguard unit with
financial sanctions in June.
The CPP is hailing an 83% turn-
out as a sign of a overwhelming
popular support. Hun Sen ac-
cused the opposition last year of
conspiring with the US in a plot to
overthrow the government. — AFP
Flood toll rises
to 77 in India’s
Kerala state
KOCHI: The death toll from floods
in India’s tourist hotspot of Ker-
ala increased to 77 yesterday, as
torrential rainfall threatened new
areas, officials told AFP.
Over 60,000 people have now
entered relief camps and the army
and navy have stepped up rescue
operations in the southern state,
using a helicopter to airlift people,
a Kerala disaster management
official said.
“All districts are under red alert
as more rains are expected in the
next 24 hours,” the official added.
The death toll rose by 10 over-
night and the state official said it
was expected to go higher during
the day.
Flights, train and metro ser-
vices have been suspended in the
flood-ravaged state. Hundreds of
villages have been inundated, with
more than 10,000km of roads and
thousands of homes destroyed or
damaged by the floods.
Kerala, famed for its pristine
palm-lined beaches and tea plan-
tations, is battered by the mon-
soon every year but this year’s
damage is the worst in decades.
Floods have also caused havoc
in neighbouring Karnataka and
Andhra Pradesh states. — AFP
China developing
satellites to monitor
South China Sea
This will help consolidate control over the disputed waters — report
BY DAV ID TW EED
HONG KONG: China is developing
a satellite system that will allow it to
closely watch the South China Sea,
the China News Service reported,
helping it to consolidate control
over the disputed waters.
The first of 10 satellites is ex-
pected to be launched in the
second half of 2019, China News
Service said, citing the Sanya In-
stitute of Remote Sensing, which
is heading the project with spon-
sorship from the government of
Rescuers at work amid rubble and wreckage after the collapse of a section of the Morandi motorway bridge in Genoa. The bridge
caved in during a heavy rainstorm on Tuesday. Photo by AFP
Second night of rescue work
for Italy bridge collapse
BY R EM I BANET
& VINCENT-XAVIER MORVAN
GENOA: Rescue workers toiled
through a second night yesterday
in a desperate bid to find survivors in
the rubble of a Genoa bridge which
caved in during a heavy rainstorm,
killing at least 39 people and injur-
ing 16 more.
A vast span of the Morandi bridge
collapsed in the northern port city
on Tuesday, sending about 35 cars
and several trucks plunging 45m
onto railway tracks below.
Italy’s government has blamed
the firm that operated the col-
lapsed bridge for the disaster and
announced a state of emergency
in the region.
Hainan, China’s southernmost
island province.
Cameras and identification tech-
nology on the satellites will allow
China to monitor ships sailing in the
waters, the news agency reported.
Plans to develop the system were
announced in December last year.
“The Chinese seem to have
moved very fast on this,” said Col-
lin Koh Swee Lean, a research fel-
low at the S Rajaratnam School of
International Studies in Singapore.
“Couching all this under an ostensi-
bly civilian looking programme that
Children aged eight, 12 and 13
were among the dead, Interior Min-
ister Matteo Salvini said, adding that
more people were still missing. Six-
teen people were injured.
Three Chileans, who live in Ita-
ly, and four French nationals were
also killed.
The tragedy has focused anger on
the structural problems that have
dogged the decades-old Morandi
bridge and the private sector firm
Autostrade per l’Italia, which is cur-
rently in charge of operating and
maintaining swathes of the coun-
try’s motorways.
Deputy prime minister Luigi Di
Maio said the tragedy “could have
been avoided”.
“Autostrade should have done
has numerous military and maritime
law enforcement applications has
far-reaching strategic ramifications
for the South China Sea disputes.”
China has reclaimed thousands
of acres of land in the waters and
built ports, runways and other mil-
itary infrastructure on seven artifi-
cial features it has created.
In June, US Secretary of Defense
James Mattis warned Beijing that
it would face consequences in the
long term that could persuade it
to change track with regard to the
South China Sea. — Bloomberg
maintenance and didn’t do it,”
he alleged.
Prime Minister Giuseppe Conte
also confirmed that his government
would push to revoke the compa-
ny’s contract for the A10 motorway,
which includes the bridge, while
Transport Minister Danilo Toninelli
said the company should be fined up
to €150 million (RM699.42 million).
The firm, which said the bridge
had been undergoing maintenance
work, however, released a statement
refuting accusations of underfund-
ing of motorway infrastructure.
“In the last five years (2012-2017)
the company’s investment in the se-
curity, maintenance and strengthen-
ing of the network has been over €1
billion a year,” it said. — AFP
W O R L D 21
IN BRIEF
Canada’s province
declares wildfires
emergency
OTTAWA: British Columbia de-
clared a province-wide state of
emergency on Wednesday as
Canada’s military joined fire-
fighters in trying to douse 556
wildfires burning across the
craggy region. The province’s
public safety minister, Mike
Farnworth, said the measure
— which allows for officials to
take “every action necessary”
to protect the public — would
be in effect for 14 days. It is
only the second time in more
than a decade that it has been
used, after a record fire season
last year that blackened vast
tracts of forest and prompted
record numbers of residents to
evacuate. — AFP
S Korea Buddhist chief
in graft, sex allegations
SEOUL: South Korea’s biggest
Buddhist denomination or-
dered its executive head to step
down yesterday amid mounting
allegations he forged his aca-
demic credentials, accumu-
lated vast wealth, and broke
his vows of celibacy. The 56-14
vote of no confidence in Seol-
jeong, president of the Jogye
Order, by its central commit-
tee is the first in a history that
dates back hundreds of years
— the organisation is believed
to have been established in the
12th century. With more than
3,000 temples, 13,000 monks
and seven million followers,
it accounts for most of South
Korea’s Buddhists and is highly
influential in a country where
religion remains a powerful
social force. — AFP
US newspapers hit
back at Trump
WASHINGTON: US newspa-
pers big and small hit back yes-
terday at US President Donald
Trump’s relentless attacks on
the news media, launching a
coordinated campaign of edi-
torials stressing the importance
of a free press. Leading the
charge was The Boston Globe,
which had issued an appeal for
this drive — accompanied by
the hashtag #EnemyofNone —
that has been joined by more
than 200 newspapers around
the country. The coordinated
effort comes amid Trump’s per-
sistent claims that mainstream
media outlets that publish arti-
cles critical of him are churning
out “fake news.” — AFP
US judge gets death threats
in child abuse case
LOS ANGELES: A US judge
has received death threats af-
ter granting bail to five sus-
pects in a case involving nearly
a dozen allegedly malnour-
ished children found at a re-
mote compound in New Mexi-
co. Judge Sarah Backus granted
the three men and two women
— described by authorities as
Muslim extremists — bail on
Monday on grounds that pros-
ecutors had failed to present
clear and convincing evidence
that they posed a threat. — AFP
22
live it!
FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

WEEKEND
by numbers
17.08.18 to 19.08.18
Your quick guide to rest and relaxation. By Iza Munir Hamdani

3 inspired shows to see

Skin and Flowers: In Tend(er) @ Yayasan Sime
Darby Arts Festival
This year, Yayasan Sime Darby Arts Festival brings you
Skin and Flowers: In Tend(er); a hybrid performance
combining elements of physical theatre with a poetry

piece creatively exploring peculiarities relating to our
bodies, using the language of tenderness. The perfor-
mance piece is inspired by the “Skin and Flowers” wa-
tercolour series by Veshalini Naidu, as well as the poet-
ry of Nayyirah Waheed and Lily Jamaludin. Make your
way to Banyan Tree @ klpac, Jalan Strachan, Off Jalan
Sultan Azlan Shah, Kuala Lumpur to see it. Admission
is free. Visit www.ysdartsfestival.com.my and email ys-
dartsfest@klpac.org to find out more.
Absent Without Leave
Head on over to Malaysia Design Archive to catch Absent
Without Leave. Directed by Lau Kek Huat and released in
2016, the film tells the touching — and somewhat con-
troversial — story of a man discovering his grandfather’s
hidden identity as a member of the Malayan Communist
Party. The director’s debut feature film, A Love of Bo-
loumi, which told the story of his own family, garnered
multiple awards and unparalleled support from the Asian
film scene. Catch the screening this Sunday at 2.30pm, at
Malaysia Design Archive, No. 84, Jalan Rotan, Kampung
Attap, Kuala Lumpur. Visit www.malaysiadesignarchive.
org for more information.
1
illusory
experience
Museum of Illusions
If you’re looking to try something new this
weekend, look no further than the Museum of
Illusions. With exhibits such as The Vortex Tun-
nel, Optical Illustions, the Rotated Room, The
Chair Illusion and many more, this is the perfect
place to tease the eyes and trick the mind — as
well as get some incredible, Instagram-worthy
shots. The museum is located at Ansa Hotel,
101 Jalan Bukit Bintang, Kuala Lumpur, and is
open Monday to Sunday from 9am to 11pm.
Admission fee is RM45 for adults, and RM35
for children. Visit www.museumofillusions.
my for more information.

Brendan De Cruz @ The Bee

Tonight, The Bee hosts none other than Brendan De Cruz, a folk musician that is well
known and adored in the local music scene. Celebrating the release of his third album,
entitled III, De Cruz brings his talent to the stage and showcases his brand new hits —
alongside other musicians such as Battle Bloom, Volatile, Nadir and Dranoel Sinclair.
Attend the album launch tonight (Aug 17), 8pm at The Bee, Level G2, Publika, Solaris
Dutamas, Kuala Lumpur. Tickets are RM20 at the door, and RM40 if you’re looking to
get your hands on the album, too. Visit www.thebee.com.my for more information.
 live it! 23
FRIDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

3 classics
to enjoy
3 fascinating things to learn
Sinophone Literature in the Making of Malaya
The Little Prince by Antoine Devote your Saturday afternoon to learning about an
de Saint-Exupéry important aspect of Malaysian history. Make your way to
The Little Prince is a French classic that tells the Sinophone Literature in the Making of Malaya — a talk
tale of a charming young boy who leaves the by Dr Show Ying Xin exploring the ways in which liter-
safety of his little planet and travels the universe, ary identity was built by writers in post-war Malaya, who
experiencing bizarre encounters and learning les- utilised literature as a method of expressing contention
sons of adult vagaries throughout his voyage. As at a time when the nation was coming into being. The
the most translated book in the French language, event takes place this Saturday from 3.30pm to 5.30pm at
The Little Prince is a Malaysia Design Archive, No. 84, Jalan Rotan, Kampung
timeless and beau- Attap, Kuala Lumpur. Visit www.malaysiadesignarchive.
tiful moral allegory org and the event’s Facebook page for more information.
worth picking up. It
is available for pur-
chase at Kinokuni-
ya both in-store and
online, for RM29.50.
Find it at Kinokuni-
ya, Suria KLCC, Kuala
Lumpur, or log on to
malaysia.kinokuni-
ya.com.

Who’s Afraid of Virginia Woolf?

By Edward Albee
In his short play, Who’s Afraid of Virginia Woolf?,
Edward Albee depicts a small social gathering
where tensions are at an all-time high. Mid-
dle-aged Martha and her husband George invite
young couple Nick and Honey around to their Sofia Haron’s Watercolour Portraiture Workshop
place for late-night drinks after a party, we are This Sunday, Penang-born, visual artist Sofia Haron is
invited into the hilariously toxic world that is making her way to Wicked Art Space to offer a Water-
Martha and George’s
M colour Portraiture Workshop, sharing her expertise on
wedding. An original
w painting intuitively while using basic techniques that
aand witty read, Who’s are the foundation of creating stunning works of art. The
Afraid of Virginia
A artist specialises in and is best known for her figurative
Woolf? is a play worth
W works using mixed media. Learn this timeless skill for
reading. It is available
re just RM120 per person — no prior experience or skill
for purchase in-store
fo is required! Go on over to Wicked Art Space, 10, Jalan
aat Kinokuniya, Suria SS7/17, Petaling Jaya. Email wicked.artspace@gmail.
KLCC, Kuala Lum-
K com or call (019) 671 2649 to reserve your slot.
pur, or log online at
p
malaysia.kinokuni-
m
yya.com, for RM73.52.
Starbucks Outreach Community Programme Singing Workshop
Sign Language is probably the most unorthodox language we can learn, and it is vital that we en-
sure that our peers, who are hard of hearing, do not feel marginalised. This weekend, Starbucks
offers an opportunity to beat society’s ableism with their Outreach Community Programme Signing
Workshop. With workshops on every Saturday, this weekend’s session teaches us how to express
describing and feeling words. This initiative is run by Starbucks in association with the Society of
The Monk Who Sold His Ferrari Interpreters for the Deaf. It takes place at 7:30pm at Starbucks @ Bangsar Village II, Jalan Telawi
by Robin S Sharma 1, Bangsar Baru, Kuala Lumpur. Email wonder@sid.org.my with your name, contact number and
The Monk Who Sold His Ferrari is a self-help preferred session to book a slot.
classic that depicts the inspiring journey of Julian
Mantle, a dignitary and competent lawyer who
tipped the scales of the work-life balance too far
towards the “work” side, causing to have an al-
most-fatal heart attack in a crowded courtroom.
Embarking upon a spiritual odyssey, Julian dis-
covers the happy and healthy ways of a spiritual
lifestyle, which he re-
turns home to impart
to his former colleague.
This book is definite-
ly a worthwhile read,
teaching vital life les-
sons that otherwise may
remain undiscovered.
It is available online at
malaysia.kinokuniya.
com, or in-store at Ki-
nokuniya, Suria KLCC,
Kuala Lumpur, priced at
RM34.90.
2 4 S P O RT S FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

La Liga in post-Ronaldo era IN BRIEF

Atletico threaten Real, Barcelona’s dominance in Spanish football league
BY JEA N D ECOT TE
MADRID: The Spanish season kicks
off this weekend with La Liga en-
tering a new era following the de-
partures of Cristiano Ronaldo and
Andres Iniesta, and with Atletico
Madrid posing a huge threat to
the big two.
Spain’s pre-eminence on the Eu-
ropean stage was cemented by Real
Madrid winning the Champions
League in May while Atletico won
the Europa League, just as Barcelo-
na won another domestic double.
But much has changed since,
and Ronaldo’s move to Juventus
after 450 goals in nine years leaves
a gaping chasm at Real, who also
saw Zinedine Zidane quit as coach.
After 15 brilliant years at the
Camp Nou, Iniesta has gone to Ja-
pan, although at least Barcelona
still have Lionel Messi.
Nevertheless, while Real and
Barcelona have won the last five
Haase stuns
Zverev in
Cincinnati,
Champions Leagues between them,
neither looks quite as strong as they
have been in the recent past.
Julen Lopetegui is the new coach
at the Bernabeu, the announce-
ment of his appointment leading
to his messy sacking from the Spain
job before the World Cup.
Lopetegui will need to quickly
show he can live up to the stand-
ards set by Zidane in the Cham-
pions League while also making
Real contenders in La Liga — they
have won the title just twice in the
last decade.
His new charges lost 4-2 after
extra time to Atletico in the Uefa
Super Cup in midweek, but skip-
per Sergio Ramos insists Real will
cope without Ronaldo.
“Throughout history, stars have
come and gone and Real have kept
winning. The decision has been
made to move on to a new phase
and I hope all goes well for him
and for us,” he said.
Five swimmers set to make a splash at Asian Games
JAKARTA: Five athletes who could
light up the Asian Games swim-
ming competition, which begins
President Florentino Perez is
hoping Gareth Bale and Karim
Benzema will now stand up and
be counted, while Luka Modric
remains and is a contender for the
Ballon d’Or after his brilliant World
Cup with Croatia.
Messi is now the captain of a Bar-
celona side who have won seven ti-
tles in the last 10 seasons and began
this campaign by beating Sevilla 2-1
to lift the Spanish Super Cup.
The Catalans have added depth
to their squad with the signings of
Brazilian duo Arthur and Malcom,
French defender Clement Lenglet
and Chile midfielder Arturo Vidal.
They will also hope for big im-
pacts from Ousmane Dembele and
Philippe Coutinho, two big-money
buys last season, as they look to re-
tain the domestic crown and end
Real’s European hegemony.
The Champions League final will
be played at Atletico’s Wanda Met-
ropolitano stadium, giving Diego
in Rio, winning the men’s 400m
individual medley (IM) and taking
silver behind Michael Phelps in the
Simeone’s side huge incentive to
go all the way in that competition.
However, after finishing 14 points
adrift of Barca in second place last
season, they also look well-equipped
to seriously challenge for the league,
which they last won in 2014.
Antoine Griezmann, the French
World Cup winner and another
Ballon d’Or contender, rejected
Barcelona’s overtures to stay put
on improved terms.
Atletico also made the biggest
signing of the Spanish summer
by spending €72 million (RM336
million) on Monaco’s France wing-
er Thomas Lemar. The narrative
that Atletico are the impoverished
underdogs against the big two no
longer holds true.
“We need to improve on what
we did last season. Obviously ex-
pectations are high and we need
to incorporate and work with the
new players who have arrived,” said
Simeone. — AFP
Messi: Barcelona to do
everything possible to
win Champions League
BARCELONA: Barcelona star
Lionel Messi said the club
would “do everything pos-
sible” this season to prise
the Champions League tro-
phy away from archrivals
Real Madrid, who have won
the competition each of the
past three years. “We prom-
ise you this year we’re going
to do everything possible so
that this beautiful and much-
sought-after cup comes back
to the Camp Nou again,” added
Messi, a Champions League
winner in 2006, 2009, 2011 and
2015. The 31-year-old will take
over the captaincy at Barcelo-
na this season following the
departure of club legend An-
dres Iniesta for Japan. — AFP
La Liga announces
plans to play regular
season games in the US
MADRID: La Liga’s organising
body announced yesterday that
it planned to hold regular sea-
son Spanish top-flight games in
the US in the future. “La Liga,
Spain’s top-flight football com-
petition, and Relevent, a mul-
tinational media, sports and
entertainment group, today
(yesterday) announced a first-
of-a-kind 15-year, equal joint
venture to promote football
in the US and Canada,” said a
statement. “As part of the agree-
ment, La Liga plans to bring a

Djokovic on Sunday in Jakarta: 200m IM despite struggling with an

elbow injury. Hagino will be favour-
regular season club match to
the US, the first to be played

advances ite to do the medley double for the

BY F R A N K PI N GU E
TORONTO: Dutchman Robin
Haase upset German fourth
seed Alexander Zverev 5-7,
6-5, 7-5 at the Cincinnati
Masters on Wednesday and
Wimbledon winner Novak
Djokovic cruised into the
third round before rain in-
terrupted play.
Haase, who last week kicked
off his North American hard-
court swing by reaching the
Toronto quarterfinals, convert-
ed six of seven break-point op-
portunities to get by world No
3 Zverev in a match lasting two
hours and 25 minutes.
World No 55 Haase im-
proved to a 2-2 career re-
cord against Zverev, includ-
ing victories in their last two
meetings.
“We’ve played four times
now,” Haase said. “The first
time he literally kicked my ass
... That was the tournament
where he actually came up.
And, yeah, since then he’s
come a long way.
“And now I was there twice
physically, mentally and game-
wise I was there. And we have
to be a little bit lucky, as well,
against these top guys.”
Haase will face Pablo Car-
reno Busta in the third round
after the Spanish 13th seed
beat Bradley Klahn 6-4 6-4.
— Reuters
second successive Asian Games
and restore dented confidence.
outside of Europe.” — Reuters
Facebook to broadcast
Champions League in
Latin America
LAUSANNE: Facebook will
broadcast Champions League
matches in Latin America
through 2021, Uefa announced
on Wednesday, in the latest bid
championship will have acted as a by online platforms to tap into
wake-up call for Singapore’s most the lucrative live-sports market.
famous athlete. The deal will make Facebook
“the exclusive free-to-air home
for certain Uefa Champions
Sun Yang (China) League live matches across
The beefy Chinese has won three Spanish-speaking territories
Olympic freestyle gold medals during the 2018-2021 cycle,”
and is almost unstoppable when Uefa said in a statement. The
he is in the mood. Tough as nails, social network giant will show
Sun bounced back from losing his 32 matches per year, including
Olympic 400m title in Rio two years Rikako Ikee (Japan) the final, on Uefa’s Champions
ago with an emotional victory in the With her ultra-bright smile and League Facebook page. — AFP
200m freestyle after being accused tendency to sob tears of joy after
by rivals of being a “drug cheat”. Fewwinning races, Ikee is her coun- British tennis chiefs
would bet against him scooping a try’s new darling of the pool. The to vote against
fistful of gold in Jakarta. 18-year-old Tokyo Olympics hope Davis Cup reform
melted hearts when she snatched LONDON: British tennis chiefs
Pan Pacific gold in the 100m but- said on Wednesday they would
terfly earlier this month. Ikee will vote against the controversial
be buzzing after also taking silver reforms planned for the Da-
in the 200m freestyle and is poised vis Cup, claiming the radical
for a big week in Jakarta. Dmitriy Balandin (Kazakhstan) changes could see fewer play-
Following a breakout breaststroke ers taking part and a waning
treble at the 2014 Asian Games, of fan interest. The Lawn Ten-
Joseph Schooling (Singapore) Balandin became Kazakhstan’s nis Association (LTA) said that
After bursting onto the scene by first-ever Olympic swimming even though they remained
winning gold in the 100m butter- champion when he won gold in fully supportive of the Interna-
fly at the last Asian Games in 2014, the 200m two years ago. However, tional Tennis Federation (ITF)
Schooling stunned Phelps in the he has suffered a hefty Rio hang- and its leadership, “regrettably,
100m butterfly at the Rio Olym- over and the 23-year-old Almaty it is unable to support their
Kosuke Hagino (Japan) pics in the great American’s final native will need to rediscover his proposed Davis Cup reforms at
A man on a mission after American individual race before retiring. mojo to hold off Japanese pair Yas- this time, and will oppose the
Chase Kalisz’s recent rise, the Japa- His form has dipped since but his uhiro Koseki and Ippei Watanabe resolution at the ITF AGM (an-
nese is another who captured gold bronze medal at last year’s world in Jakarta. — AFP nual general meeting)”. — AFP
FRIDAY AU G U S T 17, 20 1 8 • 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)
0.770 0.405 0.735 0.710 4758 ANCOM 0.725 -0.010 1248.6 0.723 8.87 — 158.7
Sectorial Movement 3.814 1.630 2.240 2.150 6556 ANNJOO 2.190 -0.020 2174.2 2.195 5.81 8.68 1,224.0
0.125 0.045 0.050 0.050 9342 ANZO 0.050 UNCH 294.6 0.050 — — 44.0
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.120 0.800 0.830 0.830 5568 APB 0.830 UNCH 2 0.830 — 3.61 93.7
KLSE COMPOSITE 1,777.27 -8.67 -0.49 TECHNOLOGY 41.30 -0.15 -0.36 3.812 3.208 3.600 3.600 5015 APM 3.600 -0.030 0.3 3.600 15.73 3.61 725.8
1.156 0.700 0.760 0.755 7214 ARANK 0.755 -0.015 25 0.757 6.62 4.30 90.6
KLSE INDUSTRIAL 3,224.25 -20.09 -0.62 FTSE BURSA 100 12,348.02 -64.34 -0.52 1.189 0.755 0.950 0.925 7162 ASTINO 0.930 -0.020 370.1 0.932 8.07 1.08 254.9
CONSUMER PRODUCT 740.13 -0.17 -0.02 FTSE BURSA MID 70 15,338.47 -95.21 -0.62 2.000 1.200 1.500 1.500 8176 ATAIMS 1.500 -0.020 4 1.500 98.68 — 1,720.5
INDUSTRIAL PRODUCT 178.43 -1.44 -0.80 FTSE BURSA SMALL CAP 15,073.59 -41.40 -0.27 1.064 0.649 0.835 0.830 7099 ATTA 0.830 -0.010 25 0.830 3.14 9.64 177.1
0.455 0.100 0.455 0.405 7181 ATURMJU 0.410 -0.045 47.1 0.423 — — 25.1
CONSTRUCTION 220.31 -0.38 -0.17 FTSE BURSA FLEDGLING 16,609.15 -97.48 -0.58 2.206 1.260 1.300 1.290 8133 BHIC 1.290 -0.070 4 1.293 26.06 3.88 320.5
TRADE & SERVICES 217.24 -1.49 -0.68 FTSE BURSA EMAS 12,578.73 -63.73 -0.50 0.525 0.260 0.330 0.305 7005 BIG 0.330 UNCH 21.8 0.312 — — 15.9
KLSE FINANCIAL 17,389.21 -36.65 -0.21 FTSE BUR M’SIA ACE 5,523.04 -11.92 -0.22 0.565 0.395 0.460 0.450 7187 BKOON 0.460 0.020 606.7 0.454 14.42 — 136.7
0.930 0.635 0.755 0.725 0168 BOILERM 0.740 UNCH 446.9 0.745 18.59 2.36 381.8
KLSE PROPERTY 1,061.78 -10.67 -0.99 FTSE BUR EMAS SHARIAH 12,734.85 -87.43 -0.68 1.650 1.000 1.160 1.160 6297 BOXPAK 1.160 0.010 2.5 1.160 — — 139.3
KLSE PLANTATION 7,571.64 -48.25 -0.63 FTSE BUR HIJRAH SHARIAH 14,178.69 -104.89 -0.73 1.329 0.833 1.130 1.110 5100 BPPLAS 1.120 0.020 192 1.117 12.40 3.57 210.2
KLSE MINING 863.26 -8.10 -0.93 FTSE/ASEAN 40 10,579.38 -46.01 -0.43 0.310 0.160 0.220 0.210 9938 BRIGHT 0.220 0.005 50.3 0.211 — — 45.2
0.800 0.400 0.415 0.415 7221 BSLCORP 0.415 UNCH 10 0.415 79.81 — 40.7
0.320 0.140 0.190 0.160 7188 BTM 0.165 0.010 7982.8 0.174 — — 23.3
3.294 2.311 2.550 2.550 5105 CANONE 2.550 UNCH 15 2.550 8.17 1.57 490.0
0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.975 1.240 1.400 1.330 7076 CBIP 1.360 -0.040 747.1 1.381 15.98 3.68 732.0

Bursa Malaysia Main Market 2.410 1.550 1.710

1.600 1.350
1.240 1.050
—
—
1.570
—
—
2879
8435
8044
CCM
CEPCO
CFM
1.710
1.370
1.050
0.120
—
—
1234.8
—
—
1.669
—
—
25.68
—
—
6.14
—
—
286.8
61.3
43.1
1.841 1.490 1.550 1.550 5007 CHINWEL 1.550 UNCH 3 1.550 9.84 4.65 464.3
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 2.183 1.790 1.980 1.920 5797 CHOOBEE 1.960 -0.020 63.2 1.953 6.32 2.55 258.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.428 0.837 — — 8052 CICB 1.280 — — — 22.78 1.37 64.0
CONSUMER PRODUCTS 0.060 0.035 0.040 0.040 7018 CME 0.040 UNCH 4041.3 0.040 — — 23.4
0.510 0.335 0.350 0.335 7120 ACOSTEC 0.350 UNCH 30 0.339 — — 62.2 4.334 1.740 3.500 3.450 2852 CMSB 3.460 -0.040 348 3.476 16.18 2.31 3,717.3
7.300 4.599 7.250 7.200 7090 AHEALTH 7.250 0.050 11.1 7.227 17.86 1.66 849.3 0.900 0.430 0.550 0.520 7986 CNASIA 0.520 -0.005 36.1 0.540 14.61 — 23.6
25.500 18.000 22.000 21.680 2658 AJI 21.980 0.100 39.3 21.94 23.75 2.12 1,336.4 1.490 0.940 1.060 1.060 5071 COASTAL 1.060 UNCH 8 1.060 79.10 1.89 563.5
0.390 0.210 — — 7051 AMTEK 0.290 — — — — — 14.5 0.386 0.160 0.200 0.190 7195 COMCORP 0.195 -0.005 158.8 0.193 — — 27.3
4.888 3.760 — — 6432 APOLLO 4.360 — — — 31.53 4.59 348.8 1.220 0.690 1.030 1.000 2127 COMFORT 1.020 -0.010 3112.5 1.012 17.23 0.98 573.2
1.040 0.690 — — 7722 ASIABRN 0.690 — — — — — 80.3 1.719 1.224 1.320 1.310 5094 CSCSTEL 1.320 UNCH 87.1 1.310 9.05 7.58 501.6
3.128 2.502 2.850 2.840 7129 ASIAFLE 2.840 -0.020 12.9 2.846 9.35 5.28 553.1 0.675 0.522 — — 7157 CYL 0.585 — — — 650.0 6.84 58.5
42.600 21.990 36.100 35.340 4162 BAT 35.340 -0.660 152.7 35.65 23.30 4.36 10,090.6 0.410 0.295 0.410 0.385 5082 CYMAO 0.390 -0.010 49.8 0.390 — — 29.3
0.080 0.040 0.045 0.040 7243 BIOOSMO 0.045 UNCH 495.8 0.040 — — 35.8 2.387 2.000 — — 8125 DAIBOCI 2.050 — — — 25.18 2.20 672.2
0.670 0.400 0.435 0.430 9288 BONIA 0.430 -0.005 180.4 0.431 16.41 2.91 346.7 0.460 0.270 0.330 0.315 7114 DNONCE 0.320 UNCH 4251.8 0.324 11.47 — 62.1
1.103 0.810 0.930 0.910 7174 CAB 0.910 -0.020 344.3 0.917 8.50 0.55 586.7 0.300 0.150 0.180 0.180 5835 DOLMITE 0.180 -0.005 33 0.180 — — 51.3
1.170 0.292 1.150 1.120 7154 CAELY 1.130 0.010 1734 1.131 66.86 0.88 91.2 0.255 0.090 0.130 0.120 5265 DOLPHIN 0.120 -0.005 632.9 0.124 — — 29.3
0.415 0.270 — — 7128 CAMRES 0.300 — — — 9.29 3.33 59.0 1.379 1.166 1.300 1.280 7169 DOMINAN 1.300 0.020 13.2 1.290 7.78 5.38 214.8
20.571 13.883 19.100 18.920 2836 CARLSBG 19.000 -0.060 97.2 19.02 24.76 4.53 5,809.2 2.750 1.530 2.340 2.320 1619 DRBHCOM 2.330 -0.010 3461.3 2.329 9.04 1.29 4,504.4
1.010 0.825 0.905 0.890 7035 CCK 0.890 -0.015 690.5 0.893 15.42 1.69 561.3 2.000 0.908 1.950 1.890 7233 DUFU 1.910 -0.040 664.2 1.919 12.52 3.40 335.1
1.490 1.180 1.280 1.250 7148 CCMDBIO 1.250 -0.040 1254.8 1.260 18.68 2.91 827.4 0.775 0.465 0.545 0.530 8907 EG 0.540 UNCH 135.1 0.538 6.65 — 144.8
2.350 1.780 1.870 1.850 2828 CIHLDG 1.850 0.060 2.5 1.854 9.28 4.32 299.7 0.886 0.634 — — 9016 EKSONS 0.800 — — — — 6.25 131.4
0.145 0.020 0.055 0.055 5188 CNOUHUA 0.055 -0.005 150.2 0.055 — — 36.7 0.843 0.425 0.550 0.540 7217 EMETALL 0.545 -0.015 478.9 0.544 6.09 4.59 102.6
2.838 2.150 2.300 2.270 7205 COCOLND 2.270 -0.020 29.7 2.280 15.68 5.73 519.4 0.610 0.380 — — 7773 EPMB 0.460 — — — — — 76.3
1.750 1.394 1.440 1.440 7202 CSCENIC 1.440 -0.020 3.6 1.440 17.02 6.94 173.5 0.822 0.404 0.625 0.570 5101 EVERGRN 0.610 0.020 25511.4 0.611 12.55 2.26 516.3
0.075 0.010 — — 5214 CSL 0.010 — — — — — 12.4 1.690 1.237 — — 2984 FACBIND 1.330 — — — 24.36 3.01 113.3
0.620 0.460 0.490 0.475 9423 CWG 0.490 0.025 24.6 0.478 8.40 3.06 61.9 2.850 2.340 2.660 2.640 7229 FAVCO 2.650 -0.010 10.5 2.651 10.52 5.09 586.7
0.040 0.025 0.035 0.030 7179 DBE 0.030 -0.005 2469 0.030 — — 80.3 0.668 0.480 0.550 0.515 0149 FIBON 0.515 -0.005 0.8 0.519 17.05 2.14 50.5
1.090 0.882 — — 7119 DEGEM 1.090 — — — 10.58 0.92 146.1 2.203 1.910 1.980 1.980 3107 FIMACOR 1.980 UNCH 119.4 1.980 13.22 6.31 485.6
75.730 55.076 67.760 66.700 3026 DLADY 66.780 -0.060 2.7 66.75 35.61 1.50 4,273.9 1.644 0.962 1.370 1.330 5197 FLBHD 1.350 0.050 369 1.346 24.64 5.93 139.3
0.110 0.050 0.075 0.075 7182 EKA 0.075 UNCH 25.4 0.075 — — 23.4 0.631 0.177 0.390 0.365 5277 FPGROUP 0.385 0.005 21642.1 0.374 1.16 2.60 199.6
0.285 0.180 0.235 0.200 9091 EMICO 0.230 0.030 1280.2 0.217 — — 22.1 2.620 0.800 1.080 1.070 7197 GESHEN 1.070 UNCH 80 1.075 10.74 — 85.6
1.582 0.970 — — 7149 ENGKAH 1.080 — — — 67.08 2.78 76.4 0.065 0.035 0.045 0.040 5220 GLOTEC 0.045 UNCH 1002.2 0.044 — — 242.2
0.365 0.150 0.225 0.190 7208 EURO 0.210 -0.010 20871.5 0.210 — — 56.1 0.330 0.170 0.300 0.265 7192 GOODWAY 0.275 -0.015 9725.5 0.285 22.92 — 30.4
0.760 0.620 — — 7094 EUROSP 0.700 — — — — — 31.1 0.130 0.085 — — 7096 GPA 0.095 — — — — — 93.1
39.980 22.958 37.860 37.600 3689 F&N 37.800 0.120 341.8 37.75 42.77 1.52 13,864.2 0.355 0.220 0.245 0.245 5649 GPHAROS 0.245 0.005 6 0.245 7.04 — 33.0
1.000 0.820 — — 2755 FCW 0.820 — — — — — 205.0 0.250 0.150 0.180 0.160 0136 GREENYB 0.170 0.005 2881.3 0.170 — 1.76 56.7
0.695 0.330 — — 8605 FIHB 0.430 — — — 16.93 2.79 46.9 0.895 0.500 0.640 0.630 3247 GUH 0.630 -0.010 40 0.635 — 5.35 175.1
1.931 1.079 1.510 1.460 9172 FPI 1.470 -0.040 821.8 1.483 9.49 5.44 363.6 1.180 0.710 0.855 0.855 5151 HALEX 0.855 -0.025 0.1 0.855 — — 90.6
1.100 0.600 — — 7184 G3 0.850 — — — — — 350.6 6.900 5.680 6.900 6.770 5168 HARTA 6.780 -0.020 3859.9 6.825 48.02 1.03 22,513.1
2.280 1.320 2.280 2.150 5102 GCB 2.220 0.050 3404.8 2.221 8.51 1.35 1,066.0 19.158 5.840 7.300 7.060 4324 HENGYUAN 7.290 0.130 702.2 7.194 2.97 0.27 2,187.0
0.370 0.050 0.145 0.130 5187 HBGLOB 0.145 0.015 4454 0.138 4.57 — 67.9 1.642 0.668 0.960 0.930 5095 HEVEA 0.955 0.005 5845 0.946 12.37 7.12 535.2
24.020 16.915 22.420 22.040 3255 HEIM 22.120 -0.320 53.8 22.15 24.76 4.07 6,682.4 0.947 0.650 0.680 0.675 3298 HEXZA 0.680 -0.030 32 0.677 — 7.35 136.3
12.300 8.688 11.460 11.200 3301 HLIND 11.380 -0.040 120.7 11.39 28.56 3.25 3,731.5 0.530 0.300 0.450 0.435 5072 HIAPTEK 0.440 UNCH 3179.7 0.443 — — 588.3
0.957 0.600 0.800 0.770 5160 HOMERIZ 0.795 0.005 214.4 0.785 10.92 5.28 238.5 1.170 0.405 0.945 0.930 5199 HIBISCS 0.935 -0.020 8370 0.936 12.77 — 1,485.0
0.380 0.300 0.330 0.330 7213 HOVID 0.330 UNCH 174 0.330 183.33 — 272.6 1.330 0.913 — — 7033 HIGHTEC 1.230 — — — 8.75 2.85 50.0
1.200 1.020 1.090 1.070 5024 HUPSENG 1.080 -0.020 1408.4 1.074 19.74 5.56 864.0 0.968 0.592 0.650 0.635 8443 HIL 0.635 UNCH 52 0.638 12.50 2.76 212.1
0.495 0.320 0.360 0.355 8478 HWATAI 0.355 UNCH 47.2 0.356 32.57 — 26.6 0.715 0.320 0.530 0.490 5165 HOKHENG 0.525 UNCH 35.9 0.523 65.63 — 42.0
4.561 1.089 1.450 1.370 5107 IQGROUP 1.450 0.100 108.2 1.422 — 6.90 127.6 0.665 0.035 0.310 0.300 2739 HUAAN 0.310 0.005 10485.8 0.305 5.12 — 347.9
1.546 0.750 0.910 0.910 7152 JAYCORP 0.910 0.010 5.5 0.910 9.63 12.09 124.9 2.720 0.990 1.040 1.030 5000 HUMEIND 1.030 0.010 13 1.032 — 1.94 493.5
0.582 0.365 0.430 0.390 8931 JERASIA 0.430 0.030 14.2 0.397 6.50 1.16 35.3 0.340 0.120 0.160 0.150 9601 HWGB 0.155 0.010 2869.3 0.156 — — 50.3
1.576 0.881 1.060 1.040 7167 JOHOTIN 1.050 UNCH 152.2 1.047 13.31 3.33 326.0 2.350 1.634 2.290 2.280 7222 IMASPRO 2.290 UNCH 395.6 2.280 30.99 1.53 183.2
1.658 0.500 0.790 0.775 5247 KAREX 0.780 -0.015 2111 0.781 67.24 1.28 781.9 0.290 0.110 0.140 0.125 7183 IRETEX 0.130 0.005 5288.4 0.133 — — 18.9
3.558 1.940 2.470 2.440 7216 KAWAN 2.440 -0.030 11 2.445 31.69 1.60 877.2 0.080 0.040 0.050 0.045 7223 JADI 0.045 -0.005 651 0.045 — — 42.4
0.210 0.100 0.120 0.120 8303 KFM 0.120 -0.005 2 0.120 — — 8.2 0.155 0.120 — — 8648 JASKITA 0.130 — — — — 7.69 58.4
0.764 0.545 0.590 0.575 6203 KHEESAN 0.590 UNCH 37 0.583 17.10 2.54 61.4 1.110 0.950 0.995 0.995 7043 JMR 0.995 UNCH 5 0.995 — 3.02 126.2
2.209 1.560 — — 7062 KHIND 1.760 — — — 90.26 0.57 70.5 0.280 0.145 0.220 0.210 0054 KARYON 0.215 -0.005 2480.2 0.214 9.43 1.40 102.3
1.955 1.600 — — 0002 KOTRA 1.800 — — — 19.74 2.22 240.9 0.728 0.450 — — 7199 KEINHIN 0.510 — — — 31.68 2.67 55.5
0.145 0.057 0.120 0.110 5172 KSTAR 0.115 0.005 3785.4 0.115 — — 43.8 0.480 0.245 — — 6211 KIALIM 0.245 — — — — — 15.2
5.158 3.200 3.630 3.600 7006 LATITUD 3.600 -0.030 13 3.621 11.68 3.33 349.9 3.037 2.445 — — 3522 KIANJOO 2.670 — — — 14.32 1.50 1,185.9
1.090 0.670 0.720 0.670 9385 LAYHONG 0.685 -0.025 10261.6 0.694 11.44 0.73 449.9 2.017 1.220 — — 5371 KIMHIN 1.380 — — — 233.90 3.62 214.8
1.070 0.297 1.070 1.000 8079 LEESK 1.030 -0.030 1398.1 1.034 21.73 1.46 172.9 0.045 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
4.169 2.194 3.080 2.930 7089 LIIHEN 3.050 0.060 750.7 3.022 9.54 4.43 549.0 1.057 0.780 0.915 0.905 9466 KKB 0.905 -0.005 46.5 0.906 17.44 2.21 233.3
0.815 0.460 0.605 0.590 7126 LONBISC 0.595 UNCH 2138.8 0.597 14.41 — 118.7 0.300 0.175 0.190 0.185 7164 KNM 0.185 UNCH 1097 0.185 — — 438.3
1.641 0.880 — — 7085 LTKM 0.920 — — — 37.55 2.17 119.7 1.700 0.810 1.320 1.270 6971 KOBAY 1.290 -0.030 61.4 1.294 15.66 — 131.7
7.420 4.034 4.760 4.730 7087 MAGNI 4.760 -0.030 15.4 4.743 8.48 2.94 774.6 0.245 0.150 0.165 0.160 7017 KOMARK 0.165 UNCH 110.3 0.165 — — 27.1
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 4.720 3.165 4.550 4.430 7153 KOSSAN 4.450 0.010 1208.5 4.458 31.61 1.24 5,691.3
1.070 0.805 0.910 0.910 5886 MBG 0.910 -0.040 1.6 0.910 50.84 3.30 55.3 0.940 0.415 0.525 0.500 7130 KPOWER 0.525 0.025 2 0.523 — — 40.0
2.322 1.200 1.220 1.210 3662 MFLOUR 1.220 0.020 246.3 1.217 14.84 5.33 671.3 5.022 3.910 4.050 3.970 3476 KSENG 4.050 0.040 20.5 4.004 192.86 2.47 1,464.0
0.860 0.640 — — 7935 MILUX 0.740 — — — — — 40.3 0.724 0.362 0.410 0.405 5192 KSSC 0.410 0.020 30 0.408 9.72 4.88 39.4
4.300 3.360 3.650 3.600 5202 MSM 3.600 -0.030 5.6 3.644 141.73 3.89 2,530.7 0.660 0.320 0.345 0.330 8362 KYM 0.345 UNCH 13.1 0.330 — — 51.7
0.040 0.010 0.025 0.020 5150 MSPORTS 0.025 UNCH 1905 0.025 — — 15.2 7.080 2.920 3.130 3.100 3794 LAFMSIA 3.100 -0.030 35.6 3.118 — — 2,634.1
1.730 1.250 1.720 1.720 3921 MWE 1.720 -0.010 1 1.720 — 1.16 398.3 0.837 0.530 0.600 0.590 9326 LBALUM 0.590 -0.020 24.1 0.593 24.08 4.24 146.6
161.33 81.81 147.00 146.10 4707 NESTLE 147.000 0.900 139 146.37 52.98 1.84 34,471.5 6.192 4.381 5.140 5.090 5284 LCTITAN 5.090 -0.030 1151.3 5.109 9.86 4.52 11,746.7
3.318 2.832 3.040 3.000 7060 NHFATT 3.040 -0.080 3.6 3.022 16.62 3.29 251.3 0.962 0.580 0.645 0.640 5232 LEONFB 0.640 -0.015 15 0.641 2.54 2.34 198.4
0.080 0.035 — — 7139 NICE 0.045 — — — — — 15.0 0.365 0.200 0.220 0.220 8745 LEWEKO 0.220 UNCH 3 0.220 — — 70.8
0.310 0.150 0.195 0.190 7215 NIHSIN 0.190 UNCH 1013.2 0.190 22.62 — 61.1 1.670 0.615 1.250 1.130 4235 LIONIND 1.230 0.060 17062.2 1.212 5.66 — 883.0
0.774 0.490 0.580 0.575 5066 NTPM 0.575 -0.005 29 0.578 21.22 3.48 645.8 0.740 0.340 0.435 0.420 9881 LSTEEL 0.430 UNCH 116 0.428 7.85 — 55.1
1.677 0.830 0.880 0.870 7107 OFI 0.870 -0.010 27.5 0.877 18.63 4.02 208.8 0.140 0.075 0.115 0.110 5068 LUSTER 0.110 UNCH 12855 0.111 40.74 — 217.4
6.415 5.798 — — 4006 ORIENT 6.170 — — — 9.79 3.24 3,827.8 4.561 2.936 3.200 3.200 9199 LYSAGHT 3.200 -0.100 2 3.200 7.93 2.19 133.1
6.200 3.696 6.010 5.990 7052 PADINI 6.000 UNCH 897.3 5.996 24.59 1.67 3,947.5 1.381 0.508 0.830 0.810 5098 MASTEEL 0.825 -0.010 7065.9 0.822 4.55 1.09 352.5
40.631 33.000 40.080 39.920 3719 PANAMY 40.080 0.080 28.5 39.95 18.61 3.69 2,434.7 0.755 0.531 0.665 0.635 7029 MASTER 0.635 -0.015 204.2 0.649 7.38 3.15 34.7
0.529 0.330 0.390 0.345 5022 PAOS 0.390 0.050 232.2 0.365 82.98 4.10 70.7 1.392 0.905 1.180 1.130 5152 MBL 1.160 0.010 23 1.145 12.65 0.86 117.3
0.470 0.260 0.300 0.300 9407 PARAGON 0.300 0.020 11.7 0.300 — — 21.0 0.835 0.650 0.800 0.750 7004 MCEHLDG 0.800 0.050 0.7 0.764 — — 35.5
0.401 0.200 0.265 0.255 6068 PCCS 0.260 -0.005 671.7 0.259 5.49 3.85 54.6 0.310 0.165 0.185 0.185 3778 MELEWAR 0.185 UNCH 193.4 0.185 — — 83.4
0.880 0.575 0.595 0.585 5231 PELIKAN 0.590 -0.030 101.3 0.589 13.14 — 326.4 0.730 0.495 — — 5223 MENTIGA 0.520 — — — 108.33 1.92 36.4
0.678 0.535 0.550 0.535 9997 PENSONI 0.550 UNCH 19.8 0.535 11.02 3.64 71.3 1.750 1.545 — — 6149 METROD 1.750 — — — 8.86 3.43 210.0
0.210 0.150 0.175 0.160 4081 PMCORP 0.165 0.005 372.7 0.164 — — 127.6 1.235 0.370 0.520 0.495 5001 MIECO 0.515 0.010 5823.2 0.509 7.66 1.94 270.4
0.781 0.480 0.505 0.500 5080 POHKONG 0.500 -0.005 226.4 0.501 7.13 2.00 205.2 0.170 0.075 0.080 0.080 7219 MINETEC 0.080 -0.005 725 0.080 — — 70.5
1.972 1.107 1.530 1.480 7088 POHUAT 1.490 -0.040 517.3 1.505 7.22 4.70 347.5 0.524 0.380 0.470 0.450 5576 MINHO 0.470 0.015 80.3 0.465 9.22 1.60 103.3
17.324 13.390 16.980 16.840 4065 PPB 16.960 0.060 74.4 16.94 23.27 1.47 24,127.3 0.956 0.667 0.845 0.815 5916 MSC 0.815 -0.030 496.1 0.826 40.55 1.23 326.0
0.605 0.395 — — 7190 PPG 0.400 — — — — 5.00 40.0 2.884 1.115 2.170 2.080 3883 MUDA 2.140 -0.040 2441.3 2.131 11.59 1.64 652.8
1.274 0.550 0.680 0.675 8966 PRLEXUS 0.680 -0.005 140.2 0.676 8.32 3.31 122.6 0.850 0.340 0.455 0.450 5087 MYCRON 0.450 -0.020 53.5 0.451 5.64 — 127.6
1.133 0.795 0.870 0.850 7134 PWF 0.870 0.020 184.1 0.857 7.76 3.94 151.0 0.355 0.090 0.130 0.125 5025 NWP 0.125 -0.005 812 0.125 — — 49.0
1.807 0.947 1.610 1.520 7237 PWROOT 1.580 UNCH 3062.9 1.549 66.39 4.22 634.6 1.066 0.610 0.710 0.695 4944 NYLEX 0.710 UNCH 168.6 0.701 7.06 2.82 138.0
6.100 3.820 6.060 5.940 7084 QL 6.050 0.090 1207.1 6.003 43.78 0.74 9,815.8 1.897 1.100 1.300 1.280 7140 OKA 1.290 0.010 159.8 1.294 8.49 4.26 211.0
0.628 0.420 0.480 0.475 9946 REX 0.480 UNCH 24 0.475 — 1.04 118.4 1.738 1.155 1.390 1.340 5065 ORNA 1.350 -0.040 264.5 1.351 6.54 3.70 101.6
1.532 0.446 0.565 0.555 0183 SALUTE 0.560 UNCH 394.5 0.558 14.78 4.29 217.3 0.130 0.043 0.060 0.055 7225 PA 0.055 -0.005 1357 0.056 — — 93.7
0.960 0.300 0.355 0.350 5252 SASBADI 0.350 -0.010 712.4 0.351 25.74 1.91 146.7 9.510 6.862 9.340 9.220 5183 PCHEM 9.240 -0.060 10944.3 9.268 19.03 3.14 73,920
0.590 0.350 0.410 0.405 5157 SAUDEE 0.410 -0.020 34.6 0.409 28.47 — 54.3 1.624 0.780 0.940 0.920 5271 PECCA 0.935 -0.005 1719.5 0.929 16.73 5.35 175.8
0.707 0.480 — — 7180 SERNKOU 0.630 — — — 16.67 — 151.2 6.000 3.360 5.200 5.180 5436 PERSTIM 5.180 -0.020 23.4 5.185 16.68 5.79 514.4
1.340 0.590 0.830 0.830 7165 SGB 0.830 0.010 19 0.830 — — 164.8 19.500 15.492 18.660 18.360 6033 PETGAS 18.38 -0.280 782.9 18.44 20.06 3.65 36,369.1
1.461 0.680 0.755 0.755 7412 SHH 0.755 -0.045 1 0.755 — 6.62 37.7 14.620 6.796 7.990 7.850 3042 PETRONM 7.950 -0.040 40.7 7.932 5.82 3.14 2,146.5
0.933 0.480 0.655 0.630 7246 SIGN 0.640 0.010 630.3 0.644 7.49 3.91 153.8 1.510 1.180 — — 3611 PGLOBE 1.180 — — — — — 220.3
0.750 0.200 — — 8532 SINOTOP 0.250 — — — — — 98.7 2.257 1.186 1.550 1.510 7095 PIE 1.540 UNCH 513.3 1.528 13.54 1.56 591.4
0.453 0.220 0.305 0.260 9776 SMCAP 0.260 -0.030 3249.3 0.279 1.82 — 55.6 3.500 1.023 3.330 3.300 7172 PMBTECH 3.310 0.010 65.2 3.317 50.92 0.76 534.6
0.320 0.230 0.240 0.230 7943 SNC 0.235 -0.010 10.3 0.236 — — 15.5 5.782 3.192 4.880 4.610 8869 PMETAL 4.670 -0.120 2714.8 4.697 29.58 1.28 18,208.9
2.460 2.076 — — 7103 SPRITZER 2.400 — — — 16.83 2.29 504.0 0.550 0.460 — — 6637 PNEPCB 0.515 — — — 39.02 — 67.7
1.067 0.705 0.745 0.715 7186 SWSCAP 0.745 0.005 30 0.725 18.91 — 135.8 0.680 0.355 0.485 0.440 8117 POLY 0.485 0.045 39 0.447 16.61 — 77.6
0.488 0.260 0.370 0.305 7082 SYF 0.370 0.060 9046 0.347 — 4.05 229.1 0.944 0.540 0.630 0.615 8273 PPHB 0.615 -0.010 173 0.621 8.20 — 116.0
0.470 0.280 — — 7211 TAFI 0.290 — — — — — 23.2 1.410 0.783 0.870 0.860 9873 PRESTAR 0.865 -0.005 38.9 0.861 4.12 5.78 177.2
1.899 1.283 1.720 1.690 4405 TCHONG 1.690 UNCH 10.4 1.705 — 1.78 1,135.7 1.060 0.750 — — 7168 PRG 0.780 — — — 54.93 — 240.9
0.527 0.265 0.320 0.300 7200 TEKSENG 0.300 -0.020 2095.5 0.305 5.34 6.67 104.4 0.113 0.051 0.075 0.070 7123 PWORTH 0.070 -0.005 18520.2 0.074 10.29 — 286.6
1.080 0.800 0.840 0.835 7252 TEOSENG 0.840 UNCH 22.8 0.839 17.07 1.79 252.0 1.200 0.720 0.755 0.755 7544 QUALITY 0.755 -0.125 1 0.755 — — 43.8
1.330 0.880 — — 9369 TGL 0.970 — — — 8.58 5.15 39.5 0.660 0.380 — — 7498 RALCO 0.380 — — — — — 17.5
1.004 0.500 — — 7230 TOMEI 0.530 — — — 5.17 1.89 73.5 6.000 5.400 5.900 5.880 7765 RAPID 5.900 0.080 521.7 5.890 185.53 — 630.7
0.485 0.330 0.360 0.360 7176 TPC 0.360 -0.015 5 0.360 18.65 — 84.2 0.510 0.240 0.255 0.250 5256 REACH 0.250 -0.005 636 0.255 — — 274.1
6.926 4.664 5.920 5.850 4588 UMW 5.850 -0.090 763.7 5.899 141.65 0.85 6,834.5 0.515 0.285 0.325 0.325 7232 RESINTC 0.325 0.005 1.6 0.325 23.55 3.69 44.6
2.594 2.310 2.390 2.390 7757 UPA 2.390 UNCH 1 2.390 5.24 3.35 190.2 1.554 1.020 1.240 1.230 9741 ROHAS 1.240 -0.010 239 1.231 19.11 1.61 586.1
2.404 1.246 — — 7203 WANGZNG 1.360 — — — 20.21 2.94 217.6 0.824 0.521 0.615 0.605 7803 RUBEREX 0.605 -0.015 48.5 0.613 11.22 2.89 152.6
0.210 0.115 0.170 0.160 5156 XDL 0.165 UNCH 7940.7 0.165 20.63 — 287.4 4.850 3.710 4.100 4.070 5134 SAB 4.070 -0.030 3.1 4.071 16.92 1.23 557.3
0.665 0.505 0.520 0.520 7121 XIANLNG 0.520 -0.010 18 0.520 — — 41.6 7.850 5.708 7.850 7.670 9822 SAM 7.670 0.020 250.6 7.756 16.00 1.83 1,036.7
0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7 0.897 0.722 0.830 0.825 7811 SAPIND 0.825 0.015 5.5 0.826 19.88 4.85 60.0
2.307 1.984 2.230 2.220 5584 YEELEE 2.220 UNCH 61.7 2.220 10.11 2.03 425.4 1.070 0.390 0.440 0.430 5170 SCABLE 0.430 -0.040 12 0.438 — 6.98 136.3
1.458 0.993 1.240 1.220 5159 YOCB 1.240 0.030 52.5 1.230 8.39 4.03 198.4 2.971 1.210 1.680 1.610 7247 SCGM 1.660 UNCH 189.5 1.647 17.55 3.61 321.4
3.040 2.267 3.010 2.920 7178 YSPSAH 2.990 0.010 158 2.982 16.05 2.34 412.7 0.810 0.500 — — 9237 SCIB 0.610 — — — 75.31 — 52.4
2.054 1.332 1.450 1.390 5131 ZHULIAN 1.450 -0.010 85.1 1.416 14.15 4.83 667.0 9.603 6.420 8.450 8.050 4731 SCIENTX 8.190 -0.210 319.9 8.205 14.49 2.44 4,004.3
INDUSTRIAL PRODUCTS 0.350 0.240 0.265 0.260 7239 SCNWOLF 0.265 UNCH 165.1 0.260 6.54 — 25.5
1.344 0.900 0.920 0.910 0012 3A 0.910 -0.005 171.4 0.915 13.68 1.98 447.7 1.380 0.420 0.510 0.475 7073 SEACERA 0.475 -0.020 10861.6 0.493 38.62 — 178.4
0.180 0.085 0.120 0.105 7086 ABLEGRP 0.105 0.005 2982.9 0.110 — — 27.7 0.210 0.120 — — 5145 SEALINK 0.135 — — — — — 67.5
0.430 0.270 — — 7131 ACME 0.340 — — — 21.12 — 81.2 0.665 0.320 0.355 0.345 5163 SEB 0.355 0.010 246 0.353 15.24 — 28.4
0.975 0.450 0.540 0.500 7191 ADVENTA 0.500 -0.040 56.9 0.501 64.94 — 76.4 1.384 0.780 0.845 0.795 5181 SIGGAS 0.815 0.015 851.4 0.816 33.54 0.98 152.8
2.235 1.780 — — 9148 ADVPKG 1.980 — — — 24.63 4.55 40.6 0.870 0.500 — — 7115 SKBSHUT 0.555 — — — 10.74 — 22.2
0.190 0.125 0.155 0.130 7146 AEM 0.135 UNCH 3468.9 0.142 — — 40.4 2.350 1.330 1.420 1.370 7155 SKPRES 1.380 -0.040 3058.4 1.388 13.37 3.67 1,725.3
0.740 0.370 0.575 0.505 5198 AFUJIYA 0.565 0.040 60.8 0.555 14.99 — 101.7 2.093 0.805 1.340 1.320 7248 SLP 1.320 UNCH 103.5 1.326 20.06 3.41 418.4
0.470 0.260 — — 2682 AISB 0.285 — — — 4.69 — 41.1 0.615 0.390 0.530 0.515 7132 SMISCOR 0.525 0.005 22 0.523 — — 23.5
0.776 0.491 0.615 0.600 7609 AJIYA 0.600 -0.015 66 0.610 20.20 1.67 182.8 2.525 1.320 1.880 1.830 5665 SSTEEL 1.850 -0.010 588.3 1.848 4.41 1.89 802.2
0.250 0.032 0.175 0.165 9954 AKNIGHT 0.175 0.010 5038.6 0.170 — — 101.0 0.260 0.115 — — 7143 STONE 0.210 — — — — — 18.9
1.510 0.700 0.820 0.780 2674 ALCOM 0.780 UNCH 168.8 0.784 10.55 26.28 104.8 1.360 0.860 0.870 0.870 6904 SUBUR 0.870 -0.010 2.1 0.870 — — 181.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI 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)
1.889 0.757 — — 7207 SUCCESS 0.835 — — — 8.42 2.99 207.5 0.905 0.670 0.730 0.720 5673 IPMUDA 0.730 -0.040 16 0.729 — — 52.9
2.918 0.995 1.220 1.180 7235 SUPERLN 1.220 UNCH 141.9 1.205 15.78 2.25 195.2 1.785 1.552 — — 0058 JCBNEXT 1.560 — — — 35.45 2.88 217.9
4.610 1.632 4.250 4.180 7106 SUPERMX 4.180 -0.090 2090.7 4.201 27.02 1.44 2,843.0 0.400 0.290 — — 8672 KAMDAR 0.360 — — — 21.82 — 71.3
3.685 2.460 2.550 2.460 5012 TAANN 2.520 UNCH 137.1 2.504 13.31 3.97 1,121.0 1.795 1.440 1.710 1.700 6491 KFIMA 1.710 UNCH 42.1 1.709 13.86 5.26 482.6
0.395 0.250 — — 5149 TAS 0.275 — — — — — 49.5 0.884 0.589 0.840 0.830 0151 KGB 0.830 -0.005 654.6 0.835 13.67 1.81 210.8
12.677 6.700 — — 4448 TASEK 6.820 — — — — 5.87 843.1 1.150 0.520 — — 5035 KNUSFOR 0.785 — — — — — 78.2
0.210 0.100 0.135 0.130 5178 TATGIAP 0.130 -0.005 50.3 0.134 — — 22.2 1.170 0.840 1.170 1.130 5878 KPJ 1.140 UNCH 4360.9 1.146 24.00 1.56 4,884.5
1.480 0.465 0.650 0.600 7097 TAWIN 0.615 -0.040 846.3 0.614 51.68 — 44.5 2.060 1.051 1.700 1.640 5843 KPS 1.690 -0.020 1966 1.666 0.68 2.51 908.2
1.710 0.890 — — 7439 TECGUAN 0.940 — — — — — 37.7 0.880 0.485 0.625 0.615 9121 KPSCB 0.620 -0.005 540 0.621 5.74 — 91.7
4.438 2.292 3.080 3.000 7034 TGUAN 3.030 0.070 148.5 3.028 10.44 2.64 413.3 0.175 0.090 0.095 0.090 4847 KTB 0.095 0.005 170 0.094 — — 38.3
1.710 1.264 — — 7374 TIENWAH 1.600 — — — — 3.75 231.6 0.527 0.271 0.355 0.345 6874 KUB 0.355 -0.005 1164.9 0.351 6.08 4.23 197.5
0.645 0.541 0.630 0.630 7854 TIMWELL 0.630 UNCH 5 0.630 17.03 1.59 56.1 0.280 0.110 0.125 0.125 7170 LFECORP 0.125 UNCH 45 0.125 — — 23.2
1.069 0.705 0.770 0.760 7285 TOMYPAK 0.760 -0.015 113.4 0.765 11.23 2.76 319.1 0.835 0.450 0.580 0.560 8486 LIONFIB 0.580 0.020 33.7 0.567 4.10 — 134.3
4.080 2.529 3.690 3.650 5010 TONGHER 3.690 0.050 42.5 3.675 10.47 9.76 580.9 0.869 0.572 0.675 0.665 5143 LUXCHEM 0.665 -0.005 325.5 0.670 14.91 3.76 571.5
12.480 5.242 10.500 10.340 7113 TOPGLOV 10.420 -0.080 2391.8 10.42 30.66 1.49 13,339.9 0.285 0.090 0.120 0.115 5078 M&G 0.115 UNCH 208 0.116 — 43.48 83.2
1.130 0.510 0.625 0.625 7173 TOYOINK 0.625 UNCH 3 0.625 74.40 — 66.9 2.340 1.573 2.060 2.030 3859 MAGNUM 2.050 UNCH 658.5 2.046 12.64 5.85 2,947.4
0.215 0.145 — — 4359 TURIYA 0.145 — — — — — 33.2 1.087 0.812 0.975 0.970 5264 MALAKOF 0.975 UNCH 849.9 0.972 1.99 6.36 4,875.0
3.323 1.799 3.300 3.150 7100 UCHITEC 3.300 0.150 2096 3.263 20.74 4.55 1,485.2 0.149 0.120 0.145 0.140 3514 MARCO 0.140 UNCH 60 0.143 11.02 3.57 147.6
2.994 0.665 0.850 0.845 7133 ULICORP 0.845 -0.020 60.6 0.849 11.09 3.94 184.0 6.036 5.210 5.700 5.640 6012 MAXIS 5.660 -0.080 740.9 5.667 20.92 3.53 44,242.1
1.232 0.810 — — 7227 UMSNGB 0.995 — — — 14.23 3.02 79.6 0.930 0.545 0.625 0.605 5077 MAYBULK 0.620 UNCH 763.7 0.614 — — 620.0
0.980 0.355 — — 4995 VERSATL 0.420 — — — — — 54.2 2.680 1.992 2.390 2.360 5983 MBMR 2.360 -0.030 7.7 2.370 — 1.27 922.5
2.575 1.270 1.630 1.610 6963 VS 1.620 UNCH 1193.1 1.619 17.29 2.78 2,749.8 0.900 0.250 0.500 0.490 4502 MEDIA 0.495 -0.010 1238.9 0.494 — — 549.1
1.710 0.915 1.270 1.250 5142 WASEONG 1.260 -0.010 415.1 1.260 7.33 0.40 976.4 0.489 0.270 0.295 0.290 5090 MEDIAC 0.290 UNCH 273.8 0.290 — 5.90 489.3
0.465 0.240 0.300 0.295 7226 WATTA 0.300 UNCH 37 0.298 5.91 — 25.3 0.739 0.240 0.290 0.270 7234 MESB 0.290 UNCH 36 0.275 — — 23.8
2.300 1.793 2.180 2.150 7111 WEIDA 2.150 UNCH 70.7 2.150 13.40 1.40 286.7 3.829 3.083 3.520 3.490 3069 MFCB 3.500 UNCH 105 3.501 10.94 1.14 1,438.6
1.595 1.220 1.300 1.250 7231 WELLCAL 1.300 0.050 131 1.286 20.03 4.50 647.3 0.946 0.603 0.700 0.675 5186 MHB 0.680 -0.005 672 0.686 — 4.41 1,088.0
1.393 0.677 0.880 0.870 7050 WONG 0.870 UNCH 38.5 0.874 6.86 — 79.8 0.290 0.090 0.095 0.090 5166 MINDA 0.090 UNCH 3204.2 0.090 — — 111.6
0.625 0.500 0.580 0.515 7025 WOODLAN 0.580 UNCH 4.8 0.518 — — 23.2 7.712 5.030 6.090 5.830 3816 MISC 6.000 -0.070 2138.7 5.969 19.40 5.00 26,782.8
1.959 1.740 — — 5009 WTHORSE 1.780 — — — 86.41 3.93 427.2 2.332 1.280 1.500 1.490 2194 MMCCORP 1.490 -0.020 82.5 1.499 21.32 2.68 4,537.1
0.840 0.540 0.595 0.595 4243 WTK 0.595 UNCH 122.9 0.595 3.90 1.68 286.4 0.440 0.245 0.330 0.330 0059 MMODE 0.330 -0.005 505.5 0.330 — — 53.7
0.851 0.280 0.400 0.390 7245 WZSATU 0.400 -0.005 242.6 0.396 — 3.75 186.1 0.065 0.035 0.040 0.040 0043 MTRONIC 0.040 UNCH 1400 0.040 — — 38.5
0.830 0.695 0.720 0.720 5048 YILAI 0.720 -0.020 3 0.720 — — 115.2 0.275 0.160 0.210 0.190 3891 MUIIND 0.200 0.005 13630.1 0.201 — — 586.5
0.455 0.155 0.250 0.225 7020 YKGI 0.230 UNCH 1982.2 0.238 — — 80.7 2.420 2.000 2.090 2.080 3905 MULPHA 2.090 -0.050 4.7 2.086 2.12 — 668.0
0.494 0.275 0.380 0.360 7014 YLI 0.360 -0.020 61.3 0.376 — — 37.1 3.030 0.655 1.220 1.190 0138 MYEG 1.220 0.020 21813.2 1.206 19.21 1.39 4,399.7
CONSTRUCTION 1.788 1.252 1.520 1.490 5275 MYNEWS 1.520 0.020 128.5 1.502 45.37 0.66 1,036.9
1.210 0.360 0.500 0.490 5281 ADVCON 0.500 UNCH 222.8 0.497 12.35 — 201.0 0.820 0.310 0.355 0.340 9806 NATWIDE 0.355 -0.010 45 0.342 — — 42.7
1.200 0.360 0.530 0.520 7078 AZRB 0.525 -0.015 4126.7 0.526 8.56 2.86 279.1 0.425 0.330 0.370 0.365 7241 NGGB 0.370 UNCH 149.7 0.369 — — 169.6
0.450 0.245 0.295 0.285 5190 BENALEC 0.290 UNCH 349.9 0.290 40.85 1.38 241.2 0.740 0.480 — — 5533 OCB 0.480 — — — — 2.08 49.4
0.390 0.230 0.270 0.250 5932 BPURI 0.255 UNCH 3512.4 0.260 20.40 — 74.9 0.934 0.630 0.640 0.635 0172 OCK 0.635 -0.010 788.8 0.639 22.05 1.57 553.4
1.121 0.835 — — 8761 BREM 0.835 — — — 7.32 1.80 288.5 0.180 0.105 0.135 0.125 3018 OLYMPIA 0.130 UNCH 4042 0.130 6.91 — 133.0
1.168 0.833 0.885 0.880 8591 CRESBLD 0.885 UNCH 224.4 0.883 5.13 4.52 156.6 1.550 0.840 1.130 1.100 5260 OWG 1.130 0.010 432.8 1.117 45.75 — 301.8
1.830 1.535 1.810 1.700 7528 DKLS 1.810 0.140 3 1.737 74.18 1.66 167.8 1.241 0.366 0.830 0.805 8419 PANSAR 0.830 -0.005 685.1 0.818 26.95 1.81 255.6
1.389 0.542 0.960 0.910 5253 ECONBHD 0.950 0.030 7450.8 0.937 14.37 1.68 1,270.6 0.721 0.495 0.500 0.495 5125 PANTECH 0.500 UNCH 705.1 0.499 7.84 4.00 373.8
1.180 0.505 0.750 0.735 8877 EKOVEST 0.740 -0.005 1574.9 0.741 11.62 2.70 1,583.0 0.675 0.380 0.590 0.580 5657 PARKSON 0.590 -0.005 771.8 0.585 — — 645.4
0.977 0.355 0.525 0.510 7047 FAJAR 0.515 -0.010 1527.2 0.518 6.85 — 192.5 1.268 1.073 1.190 1.180 5041 PBA 1.180 -0.010 188.7 1.185 9.34 3.39 390.9
1.287 0.640 0.745 0.735 9261 GADANG 0.745 UNCH 1039.9 0.741 5.14 4.03 493.0 0.165 0.045 0.055 0.045 6254 PDZ 0.055 0.005 10754 0.050 — — 37.5
5.283 2.944 3.670 3.590 5398 GAMUDA 3.630 UNCH 2121.4 3.626 12.42 3.31 8,959.0 1.140 0.315 0.600 0.590 5133 PENERGY 0.595 UNCH 201.1 0.593 — 3.36 191.4
2.089 0.615 1.430 1.340 5226 GBGAQRS 1.350 -0.010 4104.6 1.377 9.87 1.76 667.7 0.660 0.175 0.200 0.195 7108 PERDANA 0.195 -0.005 594.9 0.200 — — 151.8
0.750 0.380 0.505 0.490 5169 HOHUP 0.495 UNCH 140.7 0.500 5.10 — 185.6 0.090 0.025 0.040 0.040 0047 PERISAI 0.040 UNCH 5133 0.040 — — 50.4
1.627 1.282 1.470 1.440 6238 HSL 1.450 0.040 362.2 1.457 16.26 1.66 844.9 0.420 0.195 0.235 0.225 7080 PERMAJU 0.225 UNCH 1364.8 0.230 — — 44.1
3.366 1.574 1.960 1.940 3336 IJM 1.950 -0.010 2281.7 1.951 20.21 3.08 7,089.6 2.070 1.450 1.620 1.560 5219 PESTECH 1.590 0.010 886.7 1.598 18.28 — 1,215.2
0.720 0.230 0.340 0.330 5268 IKHMAS 0.335 -0.010 1631.6 0.332 12.74 1.49 182.7 28.022 20.287 26.760 26.300 5681 PETDAG 26.600 -0.100 175.3 26.59 24.68 2.78 26,425.9
0.820 0.532 0.595 0.595 8834 IREKA 0.595 UNCH 10 0.595 14.13 3.36 111.1 0.250 0.030 — — 7027 PETONE 0.055 — — — 13.10 — 2.8
1.840 0.975 1.020 0.995 4723 JAKS 1.010 -0.010 5084 1.004 3.74 — 551.4 4.528 2.860 3.180 3.180 7081 PHARMA 3.180 -0.020 2.6 3.180 15.73 6.29 828.4
0.325 0.205 0.220 0.210 9083 JETSON 0.210 UNCH 73.4 0.212 — — 43.4 0.085 0.020 0.030 0.025 4464 PHB 0.030 0.005 163.7 0.029 — — 52.5
1.935 1.340 1.520 1.480 7161 KERJAYA 1.510 0.020 128 1.505 15.84 1.99 1,875.4 0.218 0.102 0.150 0.135 7201 PICORP 0.145 0.010 5620.6 0.146 161.11 3.45 95.4
2.324 1.262 1.530 1.500 5171 KIMLUN 1.510 UNCH 36.7 1.506 7.28 3.64 501.2 0.350 0.160 0.185 0.175 7163 PJBUMI 0.175 -0.015 5.2 0.185 — — 14.4
1.680 0.820 — — 9628 LEBTECH 1.060 — — — 153.62 — 144.7 5.660 3.080 4.150 4.120 4634 POS 4.120 -0.050 122.3 4.135 34.56 1.94 3,225.0
0.818 0.540 — — 5129 MELATI 0.600 — — — 30.46 1.67 72.0 1.910 0.915 1.220 1.160 5204 PRESBHD 1.200 UNCH 3408.1 1.197 26.97 2.08 580.8
2.478 1.074 — — 8192 MERCURY 1.220 — — — 3.97 3.28 49.0 1.650 0.480 0.660 0.625 8346 PRKCORP 0.625 -0.025 48.2 0.644 — — 62.5
0.490 0.240 0.280 0.275 5006 MERGE 0.280 0.005 66 0.276 — — 18.8 0.805 0.633 0.805 0.780 5272 RANHILL 0.795 UNCH 2787.3 0.792 9.32 8.18 706.2
1.930 0.815 0.955 0.950 7595 MGB 0.950 -0.005 9 0.951 10.78 — 472.0 0.313 0.207 0.300 0.290 0037 RGB 0.295 -0.005 3983.7 0.295 13.00 2.37 396.8
1.146 0.427 0.540 0.525 9571 MITRA 0.535 UNCH 191 0.534 5.32 3.74 479.4 1.212 0.715 0.850 0.845 5278 RHONEMA 0.845 -0.005 23.3 0.846 10.18 5.92 140.3
0.325 0.170 0.190 0.190 5924 MTDACPI 0.190 -0.035 0.3 0.190 6.11 — 44.0 0.401 0.262 0.300 0.295 8567 SALCON 0.295 UNCH 1955.8 0.295 — 2.71 249.9
1.350 0.450 0.535 0.530 5085 MUDAJYA 0.530 -0.010 102.2 0.532 — — 320.9 1.245 0.739 0.950 0.945 5147 SAMCHEM 0.950 UNCH 143.3 0.947 10.22 3.68 258.4
3.360 2.510 3.130 3.080 5703 MUHIBAH 3.100 UNCH 106.5 3.106 10.75 2.26 1,496.1 0.295 0.115 0.160 0.160 9113 SANBUMI 0.160 UNCH 21 0.160 — — 36.2
0.610 0.320 0.450 0.435 7071 OCR 0.435 -0.010 317.5 0.438 40.28 — 127.2 1.750 0.395 0.585 0.575 5218 SAPNRG 0.580 -0.005 27561.8 0.580 — 1.72 3,475.4
0.835 0.400 0.790 0.765 5622 PEB 0.770 -0.025 332 0.771 2.65 — 53.2 2.138 1.547 1.920 1.920 0099 SCICOM 1.920 0.020 5.1 1.920 17.96 4.69 682.5
0.593 0.251 0.290 0.280 8311 PESONA 0.290 -0.005 1966.3 0.288 12.29 3.45 201.5 0.403 0.080 0.085 0.080 7158 SCOMI 0.080 UNCH 4790.6 0.084 — — 87.5
0.950 0.450 0.525 0.515 5070 PRTASCO 0.525 0.010 119.9 0.521 10.12 9.66 260.1 0.185 0.060 0.070 0.065 7045 SCOMIES 0.070 UNCH 567.3 0.065 — — 163.9
0.200 0.115 0.160 0.150 7145 PSIPTEK 0.150 -0.005 3531.7 0.155 11.90 — 52.3 1.563 0.909 1.110 1.110 7053 SEEHUP 1.110 -0.010 1 1.110 — 2.43 89.3
3.860 2.480 2.600 2.600 9598 PTARAS 2.600 UNCH 3 2.600 28.26 7.69 431.2 0.690 0.598 0.655 0.650 9792 SEG 0.655 UNCH 50.8 0.654 17.37 5.34 828.3
0.803 0.436 0.575 0.560 6807 PUNCAK 0.565 -0.015 1104.1 0.564 — 0.88 253.8 1.570 1.325 1.480 1.470 5250 SEM 1.480 UNCH 245.8 1.478 32.82 1.82 1,825.4
1.160 0.680 0.870 0.850 5205 SENDAI 0.850 -0.030 1421 0.858 6.82 — 663.9 4.000 1.936 3.880 3.820 5279 SERBADK 3.830 -0.050 2846.1 3.840 16.15 1.70 5,624.4
2.590 1.720 2.030 2.010 5263 SUNCON 2.020 UNCH 2669.4 2.021 18.79 3.47 2,611.7 3.038 2.025 2.600 2.540 4197 SIME 2.590 UNCH 4980 2.582 42.53 7.34 17,614.2
0.320 0.225 0.260 0.240 9717 SYCAL 0.240 UNCH 411.6 0.245 37.50 — 99.9 0.860 0.530 — — 9431 SJC 0.860 — — — 477.7 1.16 34.9
0.809 0.405 0.520 0.515 5054 TRC 0.515 -0.005 51.8 0.515 12.62 5.44 247.5 0.507 0.295 0.310 0.305 5242 SOLID 0.305 -0.010 0.3 0.307 44.85 1.11 119.5
0.705 0.460 0.460 0.460 5042 TSRCAP 0.460 -0.005 14 0.460 11.79 — 80.2 2.048 1.000 1.230 1.220 6084 STAR 1.230 0.010 255.9 1.220 10.66 9.76 908.4
0.200 0.110 0.140 0.135 7070 VIZIONE 0.135 -0.005 4782.6 0.138 17.31 — 498.9 2.989 2.020 — — 9865 SUIWAH 2.360 — — — 13.30 0.42 144.0
1.390 0.700 0.845 0.835 3565 WCEHB 0.845 UNCH 78 0.842 61.68 — 847.3 0.130 0.035 0.040 0.035 1201 SUMATEC 0.040 UNCH 2668.8 0.040 — — 170.1
1.824 0.671 0.975 0.955 9679 WCT 0.965 -0.010 4961.9 0.961 8.52 3.11 1,366.8 1.882 1.440 1.560 1.550 5211 SUNWAY 1.550 -0.010 598.3 1.557 11.46 3.87 7,627.8
0.805 0.330 0.350 0.335 7028 ZECON 0.350 0.010 600.2 0.339 — — 45.9 2.114 1.525 1.650 1.620 6521 SURIA 1.650 UNCH 2.8 1.625 9.48 3.64 475.5
0.145 0.070 0.080 0.070 2283 ZELAN 0.075 UNCH 2068 0.072 — — 63.4 0.405 0.210 0.360 0.350 5173 SYSCORP 0.360 -0.010 1621.1 0.354 13.74 — 432.0
TRADING SERVICES 0.665 0.300 0.460 0.445 7228 T7GLOBAL 0.460 0.005 365 0.453 51.69 — 192.9
0.450 0.325 0.360 0.350 5238 AAX 0.350 -0.005 14885.3 0.352 11.15 — 1,451.9 1.385 0.722 1.150 1.120 8524 TALIWRK 1.130 UNCH 457.6 1.133 45.56 7.08 1,366.7
2.606 1.426 2.220 2.200 6599 AEON 2.200 -0.020 88.4 2.200 28.03 1.82 3,088.8 2.460 1.524 1.720 1.710 5140 TASCO 1.720 0.010 22 1.720 11.70 2.62 344.0
0.375 0.150 0.255 0.185 7315 AHB 0.210 0.030 40918 0.227 2.65 — 37.0 16.120 13.430 15.800 15.660 5347 TENAGA 15.740 -0.080 7986.8 15.73 11.28 4.52 89,374.6
4.576 3.010 3.400 3.350 5099 AIRASIA 3.380 0.010 5716.7 3.371 5.33 7.10 11,295.9 1.096 0.800 — — 8702 TEXCHEM 0.830 — — — — 12.05 103.0
9.980 7.908 9.400 9.120 5014 AIRPORT 9.350 0.210 7622.4 9.297 28.36 1.39 15,513.4 0.140 0.030 0.045 0.040 7206 THHEAVY 0.045 UNCH 3912.7 0.044 — — 50.5
0.250 0.115 0.140 0.130 5115 ALAM 0.140 0.005 1688.9 0.134 — — 129.4 6.352 3.000 3.590 3.540 4863 TM 3.540 -0.050 4611.4 3.553 15.48 6.07 13,303.1
0.115 0.075 0.110 0.100 0159 AMEDIA 0.105 UNCH 2006.5 0.105 28.38 — 25.1 0.920 0.695 0.750 0.750 0101 TMCLIFE 0.750 -0.015 50 0.750 47.17 0.23 1,302.3
8.465 6.788 7.420 7.400 6351 AMWAY 7.400 -0.020 8 7.415 23.78 2.70 1,216.5 1.768 0.930 1.030 1.000 8397 TNLOGIS 1.010 UNCH 159.4 1.006 13.93 1.98 465.4
2.840 2.020 2.680 2.630 7083 ANALABS 2.680 -0.010 24 2.661 15.44 0.37 160.9 0.900 0.350 — — 7218 TOCEAN 0.575 — — — — — 23.6
0.050 0.005 0.020 0.020 5194 APFT 0.020 UNCH 9324.7 0.020 — — 26.8 0.858 0.655 0.700 0.655 5167 TURBO 0.700 UNCH 6.8 0.679 31.39 1.43 75.6
0.950 0.680 0.710 0.695 5210 ARMADA 0.695 -0.015 7155.7 0.704 11.54 — 4,080.3 2.750 2.120 — — 7137 UMS 2.200 — — — 16.11 2.73 89.5
0.240 0.115 0.185 0.160 1481 ASB 0.170 0.005 65974.5 0.175 — 1.47 158.0 1.107 0.888 1.030 1.030 7091 UNIMECH 1.030 -0.010 14 1.030 10.21 2.91 139.3
2.806 1.286 1.820 1.790 6399 ASTRO 1.790 -0.020 1992.7 1.800 12.44 6.42 9,332.9 0.695 0.175 0.210 0.210 5754 UTUSAN 0.210 UNCH 0.9 0.210 2.44 — 23.3
4.596 3.871 — — 7048 ATLAN 4.480 — — — 25.27 6.92 1,136.4 1.670 0.925 1.300 1.270 7250 UZMA 1.270 -0.030 503.2 1.280 21.78 — 406.4
0.425 0.235 0.250 0.245 8885 AVI 0.245 -0.005 15 0.247 — — 210.3 0.480 0.215 0.285 0.280 5243 VELESTO 0.285 UNCH 14615 0.283 — — 2,341.4
1.128 0.600 0.800 0.785 7579 AWC 0.795 -0.015 914.9 0.795 9.21 2.52 216.9 1.240 0.750 0.955 0.925 7240 VERTICE 0.950 -0.015 666.2 0.936 — — 165.5
5.768 3.760 4.410 4.280 6888 AXIATA 4.290 -0.090 3173.7 4.302 73.08 1.98 38,909.1 2.350 1.942 2.100 2.100 5016 WARISAN 2.100 -0.200 0.2 2.100 20.75 1.90 141.1
0.546 0.313 0.405 0.400 5021 AYS 0.400 -0.005 158 0.401 6.47 6.25 152.2 0.655 0.460 — — 7692 WIDETEC 0.580 — — — 13.00 — 26.0
0.565 0.085 0.155 0.150 7251 BARAKAH 0.150 UNCH 4986.7 0.152 — — 124.0 3.950 3.003 3.630 3.530 5246 WPRTS 3.550 -0.100 1813.8 3.565 19.93 3.76 12,105.5
2.415 1.743 2.120 2.090 5248 BAUTO 2.120 UNCH 2082.1 2.112 17.51 3.63 2,463.5 1.300 0.830 0.885 0.885 5267 XINHWA 0.885 -0.020 8.7 0.885 18.40 1.13 191.2
0.215 0.115 0.165 0.160 6998 BINTAI 0.160 -0.010 1406 0.162 9.30 — 46.3 0.055 0.005 — — 7122 YFG 0.005 — — — — — 3.0
6.034 5.380 — — 5032 BIPORT 5.600 — — — 19.12 3.39 2,576.0 4.739 3.397 4.550 4.530 7293 YINSON 4.550 0.020 98.6 4.534 16.94 1.32 4,973.2
0.415 0.270 0.290 0.285 3395 BJCORP 0.285 -0.005 2206.3 0.289 — — 1,403.2 1.550 0.915 1.340 1.320 4677 YTL 1.330 -0.010 5656.7 1.334 22.70 3.76 14,511.0
1.876 1.366 1.500 1.460 5196 BJFOOD 1.480 -0.020 194.7 1.481 462.5 2.70 565.2 FINANCE
0.565 0.240 0.245 0.240 4219 BJLAND 0.240 -0.005 1900.6 0.242 — — 1,200.1 4.415 3.480 4.120 4.020 2488 ABMB 4.020 -0.090 353.4 4.048 12.60 3.81 6,223.4
0.410 0.145 0.205 0.200 6025 BJMEDIA 0.205 -0.005 20.1 0.200 — — 48.2 15.240 11.863 15.200 14.780 5139 AEONCR 15.120 -0.080 166.4 15.13 75.22 2.72 3,775.5
2.577 1.988 2.280 2.250 1562 BJTOTO 2.260 -0.010 400.6 2.261 13.22 7.08 3,053.3 2.700 2.193 2.540 2.490 5185 AFFIN 2.530 0.030 61.1 2.515 9.06 2.77 4,915.7
0.105 0.055 0.060 0.055 7036 BORNOIL 0.060 UNCH 20125.6 0.059 — — 320.4 14.724 10.440 12.500 12.400 1163 ALLIANZ 12.500 0.100 1.7 12.42 7.08 0.96 2,208.2
0.645 0.240 0.370 0.340 9474 BRAHIMS 0.345 -0.030 2549.1 0.349 — — 81.5 4.779 3.316 3.930 3.880 1015 AMBANK 3.890 -0.040 1368.4 3.898 10.33 3.86 11,725.2
2.969 2.300 2.330 2.300 2771 BSTEAD 2.300 -0.030 174.3 2.314 10.05 4.78 4,662.1 1.950 0.900 — — 5088 APEX 0.950 — — — 15.73 5.26 202.9
0.620 0.260 0.280 0.280 5257 CARIMIN 0.280 0.005 3.6 0.280 — — 65.5 4.420 3.720 3.790 3.750 5258 BIMB 3.770 -0.010 138.4 3.763 9.70 3.71 6,384.7
2.200 1.450 — — 5245 CARING 1.700 — — — 19.95 1.76 370.1 7.971 6.882 7.700 7.570 1818 BURSA 7.610 -0.080 1013.6 7.602 26.81 3.46 6,144.9
2.300 1.770 1.920 1.870 2925 CCB 1.920 0.030 25.1 1.877 — 2.60 193.4 7.360 5.210 5.890 5.800 1023 CIMB 5.880 UNCH 4581.7 5.866 11.63 4.25 55,070.9
0.540 0.350 0.400 0.400 7209 CHEETAH 0.400 -0.030 1.5 0.400 — 1.50 51.0 0.400 0.330 0.365 0.355 2143 ECM 0.365 0.010 110 0.364 202.78 — 163.1
1.316 0.730 0.795 0.775 5273 CHINHIN 0.795 0.015 740.7 0.782 16.60 4.40 442.3 1.220 1.112 1.190 1.190 5228 ELKDESA 1.190 UNCH 32 1.190 12.12 5.67 365.2
0.575 0.358 0.420 0.420 7016 CHUAN 0.420 0.005 100 0.420 35.59 2.62 70.8 19.847 14.749 19.180 18.960 5819 HLBANK 19.140 -0.040 262.1 19.14 15.70 2.40 41,490.1
1.213 0.605 0.700 0.675 7117 CJCEN 0.690 0.010 147.2 0.686 20.85 2.17 272.0 10.100 7.327 — — 5274 HLCAP 9.790 — — — 32.72 1.94 2,417.1
0.150 0.065 0.075 0.075 5104 CNI 0.075 UNCH 20 0.075 — — 54.0 20.101 15.054 18.100 17.900 1082 HLFG 17.900 -0.220 259.1 17.94 11.96 2.23 20,540.6
0.810 0.535 0.595 0.590 5136 COMPLET 0.595 0.005 43.1 0.593 7.80 — 73.6 1.059 0.735 0.905 0.895 3379 INSAS 0.905 UNCH 329.2 0.900 5.06 1.10 627.5
0.045 0.020 0.030 0.025 5037 COMPUGT 0.030 UNCH 340.3 0.025 — — 70.4 0.400 0.120 0.145 0.135 3441 JOHAN 0.135 -0.005 1287 0.140 9.18 — 84.1
2.663 2.000 2.390 2.380 5184 CYPARK 2.390 UNCH 512.8 2.389 9.67 2.34 716.3 0.780 0.495 0.775 0.770 6483 KENANGA 0.775 0.005 138.5 0.771 14.85 3.87 560.1
0.629 0.327 0.415 0.415 5276 DANCO 0.415 UNCH 7.1 0.415 10.12 3.61 123.7 17.233 15.893 17.000 16.940 8621 LPI 16.980 0.040 29.5 16.98 21.58 3.74 6,764.5
0.110 0.025 0.030 0.030 0091 DAYA 0.030 UNCH 350.1 0.030 — — 61.3 0.801 0.610 0.620 0.610 1198 MAA 0.620 0.010 110 0.618 12.97 9.68 169.6
0.920 0.535 0.745 0.720 5141 DAYANG 0.740 -0.005 236 0.739 — — 714.0 3.314 2.731 2.780 2.780 1058 MANULFE 2.780 UNCH 4 2.780 18.37 2.88 562.6
1.330 0.720 0.935 0.930 5132 DELEUM 0.935 0.005 39.2 0.931 11.56 4.55 375.1 10.725 8.680 9.820 9.770 1155 MAYBANK 9.790 UNCH 6136.1 9.790 13.39 5.62 107,153.5
0.670 0.195 0.340 0.320 7212 DESTINI 0.330 -0.010 11220.2 0.328 13.75 — 381.2 1.292 0.967 1.090 1.080 1171 MBSB 1.080 UNCH 2172.6 1.084 10.30 4.63 6,900.2
3.549 1.883 3.380 3.320 7277 DIALOG 3.350 UNCH 7526.8 3.343 37.64 0.85 18,899.5 2.750 1.810 1.840 1.810 6459 MNRB 1.820 -0.030 256.4 1.824 4.13 — 581.7
4.855 3.380 3.850 3.810 5908 DKSH 3.810 -0.020 61.7 3.828 11.88 2.62 600.7 1.850 1.190 1.270 1.250 5237 MPHBCAP 1.260 UNCH 52.8 1.254 14.60 — 900.9
0.570 0.305 0.405 0.400 4456 DNEX 0.400 -0.005 1980.9 0.402 12.08 1.25 703.1 1.126 0.969 — — 6009 P&O 1.040 — — — — 5.50 298.4
1.273 0.715 0.840 0.810 5216 DSONIC 0.830 0.010 2216.1 0.830 16.63 4.82 1,120.5 25.780 19.606 24.520 24.360 1295 PBBANK 24.480 UNCH 5141.3 24.47 16.79 2.70 95,034.7
0.275 0.125 0.175 0.165 2097 EASTLND 0.165 -0.005 806.5 0.169 — — 40.5 1.720 1.060 1.650 1.630 9296 RCECAP 1.640 -0.010 146.8 1.635 6.30 4.27 587.2
0.560 0.280 0.390 0.380 5259 EATECH 0.390 UNCH 89.6 0.383 — — 196.6 5.880 4.622 5.160 5.050 1066 RHBBANK 5.070 -0.060 6284.4 5.081 9.97 2.96 20,330.9
0.930 0.210 0.775 0.710 5036 EDARAN 0.750 0.010 4652.8 0.751 17.40 — 45.0 0.695 0.461 0.650 0.645 4898 TA 0.645 UNCH 171.4 0.646 4.24 6.36 1,104.2
0.444 0.109 0.310 0.300 7471 EDEN 0.305 -0.005 3610.5 0.305 — — 95.0 4.050 3.170 3.910 3.890 6139 TAKAFUL 3.900 UNCH 19.8 3.900 14.27 3.85 3,214.5
2.642 1.860 2.400 2.300 1368 EDGENTA 2.350 -0.030 25 2.330 14.29 5.53 1,954.3 1.212 0.678 0.935 0.920 5230 TUNEPRO 0.920 -0.005 478.4 0.925 13.59 3.26 691.6
0.505 0.190 0.270 0.260 0064 EFFICEN 0.265 -0.005 962.2 0.263 — — 187.9 PROPERTIES
0.869 0.540 — — 5081 EIG 0.600 — — — 107.1 5.00 142.3 0.820 0.645 0.745 0.730 1007 AMPROP 0.735 -0.005 67.2 0.736 3.17 5.44 447.9
1.877 1.130 1.300 1.300 5208 EITA 1.300 0.040 0.1 1.300 11.55 3.85 169.0 0.420 0.300 0.345 0.340 1007PA AMPROP-PA 0.340 UNCH 1.6 0.344 — 5.88 98.1
1.270 0.950 1.100 1.060 5056 ENGTEX 1.060 -0.040 1336.9 1.075 8.89 1.42 469.9 1.470 0.900 — — 5959 AMVERTON 1.080 — — — 14.96 — 394.3
0.570 0.430 0.525 0.525 6939 FIAMMA 0.525 -0.005 30 0.525 9.89 3.33 278.3 0.480 0.280 — — 7007 ARK 0.300 — — — 90.91 — 14.6
0.465 0.355 0.410 0.400 9318 FITTERS 0.400 -0.005 196.5 0.401 37.38 — 192.2 0.200 0.135 0.155 0.150 4057 ASIAPAC 0.155 UNCH 628 0.154 5.72 — 160.3
1.286 1.030 1.100 1.100 7210 FREIGHT 1.100 UNCH 5 1.100 9.59 4.55 204.8 7.118 4.900 5.300 5.300 2305 AYER 5.300 UNCH 5 5.300 74.65 0.94 396.7
0.295 0.150 0.205 0.200 9377 FSBM 0.205 UNCH 34 0.204 — — 29.0 0.510 0.330 0.375 0.370 6602 BCB 0.375 UNCH 18 0.371 15.50 — 154.7
3.010 2.587 2.950 2.930 5209 GASMSIA 2.930 -0.020 13.4 2.932 17.94 4.61 3,762.1 0.655 0.410 0.465 0.440 6173 BDB 0.465 0.025 10.3 0.445 — 9.68 141.3
0.690 0.385 0.455 0.440 0078 GDEX 0.445 -0.005 1702.2 0.446 85.58 0.56 2,493.2 0.465 0.180 0.300 0.300 9814 BERTAM 0.300 UNCH 300 0.300 — — 62.0
5.984 4.545 5.100 5.050 4715 GENM 5.050 -0.050 2877 5.071 23.93 1.78 29,987.1 0.562 0.330 0.340 0.335 3239 BJASSET 0.335 UNCH 57.8 0.336 — — 857.0
9.815 8.300 8.610 8.540 3182 GENTING 8.550 -0.060 6526.8 8.561 22.41 1.70 33,040.6 1.600 1.000 1.400 1.400 5738 CHHB 1.400 0.020 12 1.400 130.84 — 386.0
0.260 0.150 0.170 0.170 5079 GETS 0.170 UNCH 4 0.170 — — 21.4 1.565 1.223 1.300 1.300 6718 CRESNDO 1.300 -0.020 1 1.300 10.72 4.62 364.6
4.414 0.980 1.420 1.400 3204 GKENT 1.410 -0.010 3448.1 1.408 6.24 6.74 794.2 1.680 1.300 — — 5049 CVIEW 1.400 — — — 5.86 — 140.0
0.480 0.295 — — 7676 GUNUNG 0.410 — — — — — 96.8 2.375 1.950 2.120 2.100 5355 DAIMAN 2.110 -0.010 29.2 2.106 15.17 2.61 447.7
5.495 4.270 4.450 4.330 7668 HAIO 4.340 -0.070 181.9 4.363 16.82 3.34 1,303.3 0.640 0.365 0.385 0.365 3484 DBHD 0.370 -0.015 364.8 0.375 5.75 — 117.8
0.535 0.205 0.445 0.425 7253 HANDAL 0.430 UNCH 577.8 0.433 — — 68.8 0.105 0.065 0.080 0.075 7198 DPS 0.080 UNCH 576.5 0.075 — — 47.0
9.890 8.567 9.810 9.710 3034 HAPSENG 9.750 UNCH 80.6 9.751 21.99 3.59 24,274.4 1.690 1.350 1.540 1.510 3417 E&O 1.540 UNCH 80.2 1.519 20.67 1.95 2,043.1
0.870 0.620 0.705 0.705 2062 HARBOUR 0.705 -0.045 0.1 0.705 7.65 2.13 282.3 0.325 0.265 0.310 0.305 3557 ECOFIRS 0.305 UNCH 488.1 0.305 5.49 — 245.0
3.992 3.612 3.800 3.800 5008 HARISON 3.800 -0.030 2 3.800 12.31 5.26 260.3 1.610 0.975 1.240 1.210 8206 ECOWLD 1.230 UNCH 335.7 1.226 30.52 — 3,621.6
1.910 0.445 0.975 0.940 0185 HSSEB 0.945 0.010 7002.5 0.958 24.93 0.81 468.6 0.845 0.475 0.525 0.525 6076 ENCORP 0.525 0.030 1 0.525 — — 154.3
0.195 0.055 0.060 0.055 7013 HUBLINE 0.055 UNCH 9123 0.055 55.00 — 130.0 3.033 2.152 — — 8613 ENRA 2.250 — — — — 2.00 306.5
0.335 0.090 0.165 0.150 5255 ICON 0.160 0.010 26258.1 0.158 — — 188.3 1.300 0.720 0.750 0.740 6815 EUPE 0.740 -0.020 62.2 0.745 7.49 — 94.7
6.388 5.270 5.480 5.380 5225 IHH 5.430 -0.030 7624.9 5.435 89.90 0.55 44,769.3 0.885 0.303 0.810 0.790 7249 EWEIN 0.800 -0.005 5926.6 0.801 12.46 0.63 241.3
0.790 0.520 — — 5614 ILB 0.650 — — — — — 126.8 1.150 0.895 1.080 1.050 5283 EWINT 1.070 0.010 425.5 1.063 — — 2,568.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY AU G U S T 17, 20 1 8 • T HE ED 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)
0.449 0.345 0.370 0.355 6041 FARLIM 0.370 -0.005 8 0.359 21.14 4.51 62.3 CLOSED-END FUNDS
0.612 0.430 0.440 0.440 5020 GLOMAC 0.440 -0.005 25 0.440 11.28 6.20 352.0 2.880 2.450 2.770 2.760 5108 ICAP 2.760 UNCH 17 2.764 43.40 — 386.4
0.430 0.340 0.350 0.340 9962 GMUTUAL 0.340 -0.010 88 0.344 7.44 5.88 127.7 EXCHANGE TRADED FUNDS
0.430 0.230 0.270 0.240 1147 GOB 0.250 0.010 3541.5 0.255 — — 113.7 1.176 1.105 — — 0800EA ABFMY1 1.176 — — — — 4.83 1,455.8
0.255 0.085 0.225 0.215 7077 GSB 0.225 0.005 2809.3 0.220 — — 122.5 2.210 1.735 — — 0822EA CIMBA40 1.840 — — — — 3.70 5.0
1.200 0.850 0.895 0.885 1503 GUOCO 0.885 -0.005 41.4 0.886 11.05 2.26 619.9 1.845 1.500 1.520 1.515 0823EA CIMBC50 1.515 -0.005 8.5 1.519 — — 12.8
1.430 1.110 1.290 1.280 7105 HCK 1.290 UNCH 49.5 1.287 104.03 — 543.4 1.960 1.750 1.860 1.850 0820EA FBMKLCI-EA 1.860 -0.010 1.6 1.859 — 1.77 3.1
1.210 0.410 0.720 0.685 7010 HOOVER 0.690 0.035 679.1 0.703 16.87 — 27.6 1.775 1.600 1.615 1.600 0828EA GOLDETF 1.615 -0.010 38.1 1.612 — — 39.7
0.845 0.440 0.480 0.480 5062 HUAYANG 0.480 UNCH 10.5 0.480 45.28 8.33 169.0 1.100 0.940 1.065 1.065 0826EA METFAPA 1.065 UNCH 2 1.065 — — 19.2
0.605 0.450 0.515 0.510 4251 IBHD 0.515 -0.005 70 0.512 6.50 3.65 519.7 0.922 0.795 0.814 0.814 0825EA METFSID 0.814 -0.006 0.4 0.814 — 1.86 71.6
0.880 0.256 0.560 0.550 5084 IBRACO 0.560 UNCH 15.1 0.560 21.29 4.91 278.0 1.070 0.950 1.055 1.055 0827EA METFUS50 1.055 UNCH 4.7 1.055 — — 12.5
1.430 0.550 1.300 1.290 9687 IDEAL 1.300 -0.020 13 1.296 5.03 — 143.6 1.250 1.060 1.150 1.150 0821EA MYETFDJ 1.150 -0.005 2 1.150 — 2.08 317.3
3.440 2.600 2.830 2.820 5606 IGBB 2.830 0.010 9 2.828 9.84 0.71 1,951.3 1.210 1.050 1.150 1.150 0824EA MYETFID 1.150 UNCH 30 1.150 — 2.44 55.2
2.100 1.470 1.850 1.770 5249 IOIPG 1.770 -0.040 570.1 1.799 12.27 3.39 9,745.9 REITS
0.410 0.245 0.315 0.290 5175 IVORY 0.290 -0.010 5195.7 0.299 13.43 — 142.1 0.912 0.700 0.845 0.810 4952 AHP 0.810 0.010 9.8 0.822 10.74 6.36 178.2
1.480 0.500 0.775 0.765 1589 IWCITY 0.770 -0.005 3922.3 0.770 5.98 — 644.8 1.433 1.064 1.260 1.240 5116 ALAQAR 1.240 0.010 53.5 1.242 10.46 4.60 903.0
0.500 0.255 0.350 0.310 8923 JIANKUN 0.350 0.020 147 0.330 — — 58.4 0.991 0.820 0.870 0.850 5269 ALSREIT 0.870 0.010 4.7 0.855 12.83 4.77 504.6
0.110 0.080 0.085 0.085 6769 JKGLAND 0.085 UNCH 297 0.085 22.97 1.18 193.4 0.676 0.571 0.605 0.595 5120 AMFIRST 0.600 UNCH 176 0.601 36.14 7.00 411.8
0.095 0.060 0.085 0.075 3115 KBUNAI 0.085 0.005 2998.1 0.080 11.04 — 491.0 0.908 0.811 0.860 0.855 5127 ARREIT 0.860 UNCH 108.1 0.857 3.49 6.31 493.0
1.066 0.727 0.790 0.765 7323 KEN 0.765 UNCH 103.7 0.770 2.92 3.27 146.7 1.126 1.022 — — 5130 ATRIUM 1.120 — — — 7.35 6.88 136.4
1.300 0.810 0.870 0.855 5038 KSL 0.855 -0.015 78.8 0.861 4.32 — 887.1 1.563 1.157 1.530 1.500 5106 AXREIT 1.500 0.010 19 1.512 14.41 4.75 1,848.5
0.235 0.160 0.200 0.195 3174 L&G 0.195 UNCH 1051 0.197 6.77 7.69 572.2 1.690 0.940 1.190 1.190 5180 CMMT 1.190 UNCH 101 1.190 14.84 6.81 2,428.4
1.211 0.770 — — 8494 LBICAP 0.860 — — — 17.00 3.49 70.7 1.270 1.077 1.270 1.260 5121 HEKTAR 1.260 0.010 113.9 1.264 16.69 7.62 582.1
1.090 0.754 0.895 0.875 5789 LBS 0.880 -0.010 717.4 0.886 11.50 2.50 1,371.1 1.769 1.407 1.730 1.720 5227 IGBREIT 1.730 0.010 390.4 1.725 17.27 5.50 6,106.3
0.480 0.325 0.350 0.335 3573 LIENHOE 0.350 0.010 65.5 0.341 92.11 — 126.6 0.870 0.652 0.870 0.860 5280 KIPREIT 0.860 UNCH 422.5 0.865 11.56 7.94 434.6
1.490 0.960 — — 7617 MAGNA 1.000 — — — 28.17 — 334.9 8.420 6.693 7.840 7.550 5235SS KLCC 7.570 -0.050 24.4 7.581 15.50 4.70 13,666.4
1.590 0.980 1.230 1.210 8583 MAHSING 1.210 -0.010 918.5 1.219 10.57 5.37 2,937.5 1.267 0.995 1.180 1.170 5123 MQREIT 1.170 UNCH 374.8 1.170 18.08 3.62 1,254.0
1.248 0.490 0.650 0.635 6181 MALTON 0.640 -0.005 2341.4 0.641 3.18 3.91 338.0 1.725 1.280 1.560 1.540 5212 PAVREIT 1.550 0.010 497.8 1.550 17.78 5.56 4,706.9
2.195 1.804 2.040 2.020 5236 MATRIX 2.020 -0.010 1386.7 2.030 7.01 6.36 1,519.8 1.835 1.454 1.740 1.730 5176 SUNREIT 1.740 UNCH 397.3 1.739 11.99 5.50 5,124.4
2.310 1.463 1.650 1.650 7189 MBWORLD 1.650 UNCH 10 1.650 4.79 2.12 259.7 1.168 0.926 0.970 0.955 5111 TWRREIT 0.970 UNCH 9.7 0.967 16.70 5.05 272.1
0.965 0.690 0.770 0.750 5182 MCT 0.770 -0.010 159.6 0.760 13.92 — 1,121.9 1.573 1.285 1.450 1.430 5110 UOAREIT 1.450 0.010 35 1.445 10.28 5.72 613.2
0.510 0.330 0.350 0.335 5040 MEDAINC 0.335 -0.005 119.9 0.344 — — 165.0 1.216 1.034 1.210 1.200 5109 YTLREIT 1.210 UNCH 241.2 1.209 8.72 6.50 2,062.3
0.545 0.340 0.470 0.440 1694 MENANG 0.445 0.005 458.1 0.452 30.69 — 214.0 SPAC
0.450 0.240 0.315 0.300 8141 MJPERAK 0.300 -0.025 20 0.302 — 7.13 77.1 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3
2.244 1.270 1.380 1.370 6114 MKH 1.370 UNCH 139.9 1.373 9.60 3.65 803.6 0.485 0.450 0.480 0.480 5270 RSENA 0.480 UNCH 24 0.480 — — 480.0
0.285 0.160 0.280 0.250 8893 MKLAND 0.260 0.015 12574.2 0.268 16.46 — 313.9 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1
0.170 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
1.272 0.534 0.855 0.830 1651 MRCB 0.835 -0.025 28633.4 0.841 13.11 2.10 3,666.3
0.700 0.400 — — 9539 MUH 0.465 — — — — — 26.2
0.320 0.210 0.270
1.420 0.605 0.710
2.520 1.950 2.000
0.265
0.680
2.000
3913
5073
5827
MUIPROP
NAIM
OIB
0.265
0.700
2.000
UNCH
0.005
-0.050
678
392.8
0.5
0.265 61.63
0.685
2.000
—
6.57
—
—
3.50
202.5
175.0
309.7
Ace Market
1.062 0.920 1.010 1.000 5053 OSK 1.000 UNCH 454.5 1.003 4.93 5.17 2,095.3 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.949 1.555 1.900 1.880 1724 PARAMON 1.880 UNCH 98.5 1.886 6.04 4.52 805.2 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.657 0.300 0.480 0.465 6912 PASDEC 0.465 -0.020 146.3 0.474 — — 186.2 CONSUMER PRODUCTS
1.890 1.470 1.590 1.590 7055 PLB 1.590 0.010 5 1.590 — — 178.7 0.275 0.190 0.260 0.250 0179 BIOHLDG 0.250 -0.005 1709 0.255 18.94 0.40 202.5
1.680 1.350 — — 5075 PLENITU 1.500 — — — 10.17 3.00 572.3 0.245 0.085 0.090 0.085 0170 KANGER 0.090 Unch 1273.1 0.085 10.71 — 76.8
1.120 0.730 0.820 0.820 4596 SAPRES 0.820 -0.020 7 0.820 9.31 3.66 114.5 0.255 0.120 0.175 0.170 0182 LKL 0.175 Unch 202.9 0.173 — 2.00 75.0
0.690 0.450 — — 5207 SBCCORP 0.540 — — — 60.00 — 126.8 0.820 0.560 0.605 0.600 0201 NOVA 0.600 -0.010 489.6 0.602 — — 190.6
1.012 0.710 0.825 0.825 2224 SDRED 0.825 UNCH 5.3 0.825 4.20 3.03 351.6 0.380 0.185 0.230 0.210 0148 SUNZEN 0.220 0.005 2535.4 0.220 52.38 1.36 115.2
0.485 0.320 0.390 0.385 4286 SEAL 0.385 -0.015 17.2 0.388 — — 93.5 0.375 0.196 0.370 0.345 0197 WEGMANS 0.350 -0.010 7753 0.359 9.64 1.43 175.0
2.775 2.300 — — 6017 SHL 2.520 — — — 8.83 8.73 610.2 0.085 0.040 0.045 0.040 0095 XINGHE 0.045 Unch 2839 0.045 — — 115.8
1.755 1.025 1.300 1.270 5288 SIMEPROP 1.270 -0.020 1409.4 1.283 1.29 3.15 8,637.1 INDUSTRIAL PRODUCTS
0.275 0.170 0.200 0.200 4375 SMI 0.200 -0.005 90 0.200 15.63 — 42.0 0.161 0.081 0.095 0.090 0105 ASIAPLY 0.090 Unch 2114.3 0.095 47.37 5.56 39.9
0.771 0.490 0.510 0.500 5213 SNTORIA 0.510 -0.005 36.5 0.504 6.01 — 289.3 0.130 0.060 0.075 0.070 0072 AT 0.075 0.010 7171.5 0.072 — — 34.8
5.363 4.050 — — 1783 SPB 4.080 — — — 247.2 2.94 1,402.0 0.410 0.215 0.235 0.235 0163 CAREPLS 0.235 -0.005 691 0.235 — — 124.9
3.850 2.770 2.940 2.910 8664 SPSETIA 2.910 -0.040 1403.5 2.928 13.64 5.29 11,352.3 0.260 0.130 0.170 0.135 0102 CONNECT 0.145 0.010 11201 0.153 — — 47.7
1.540 0.910 0.940 0.940 3743 SUNSURIA 0.940 -0.030 7.6 0.940 6.63 — 750.9 0.400 0.240 — — 0190 ESAFE 0.270 — — — — — 65.0
0.890 0.565 0.585 0.580 1538 SYMLIFE 0.580 -0.005 42.8 0.584 4.93 — 179.8 0.395 0.160 0.235 0.225 0100 ESCERAM 0.230 -0.005 489.5 0.229 209.0 2.61 47.3
0.415 0.165 0.225 0.220 4022 TADMAX 0.220 -0.005 372.5 0.224 — — 172.4 0.370 0.170 0.200 0.190 0175 HHGROUP 0.190 -0.010 140 0.193 — — 58.7
0.397 0.266 0.300 0.295 5158 TAGB 0.300 UNCH 56.7 0.298 5.21 2.00 1,596.5 0.135 0.085 — — 0160 HHHCORP 0.090 — — — 36.00 — 30.0
0.055 0.030 0.040 0.035 2259 TALAMT 0.040 UNCH 2904.2 0.040 — — 168.8 0.355 0.220 0.240 0.230 0188 HLT 0.240 -0.005 191 0.235 — — 122.9
1.166 0.690 0.970 0.925 5191 TAMBUN 0.930 -0.050 957.8 0.938 5.64 8.28 403.0 0.485 0.220 0.245 0.240 0162 IJACOBS 0.240 -0.005 831.6 0.241 — — 589.1
0.127 0.069 0.105 0.095 2429 TANCO 0.105 0.005 3029.2 0.100 — — 70.5 0.149 0.065 0.075 0.075 0024 JAG 0.075 Unch 1690.9 0.075 15.96 2.53 103.3
0.650 0.175 0.445 0.440 7889 THRIVEN 0.440 -0.005 692.4 0.442 29.53 — 165.7 0.230 0.125 0.160 0.145 0025 LNGRES 0.160 0.015 867.2 0.152 114.29 — 38.7
0.120 0.075 0.085 0.080 7079 TIGER 0.085 UNCH 562 0.084 17.00 — 42.2 0.115 0.045 0.055 0.055 0070 MQTECH 0.055 -0.005 300 0.055 — — 27.4
0.795 0.370 0.405 0.395 5239 TITIJYA 0.400 -0.005 1527.6 0.400 4.92 0.63 537.8 0.779 0.430 0.655 0.645 0049 OCNCASH 0.655 -0.005 188.6 0.647 14.21 1.22 146.1
1.036 0.815 0.880 0.870 5401 TROP 0.870 -0.005 83.4 0.873 6.31 1.84 1,279.3 0.350 0.190 — — 0038 PTB 0.200 — — — — — 30.1
1.243 0.690 0.940 0.910 5148 UEMS 0.930 -0.020 1084.9 0.924 17.29 1.08 4,219.8 0.175 0.080 0.100 0.100 0133 SANICHI 0.100 Unch 25 0.100 — — 37.0
2.549 2.163 2.370 2.340 5200 UOADEV 2.340 -0.030 219.5 2.354 8.26 6.41 4,317.0 0.045 0.025 — — 0109 SCBUILD 0.025 — — — 35.71 — 22.1
0.465 0.160 0.180 0.180 6378 WMG 0.180 UNCH 1.3 0.180 — — 76.7 0.575 0.160 0.555 0.535 0001 SCOMNET 0.545 -0.005 1055.9 0.546 50.00 — 350.4
1.020 0.905 — — 7003 Y&G 0.930 — — — 33.33 — 185.4 0.251 0.125 0.140 0.140 0028 SCOPE 0.140 Unch 3.3 0.140 26.42 3.57 78.5
1.460 1.300 1.350 1.340 3158 YNHPROP 1.350 UNCH 4408.2 1.348 22.24 0.52 714.1 0.210 0.105 0.170 0.125 0055 SERSOL 0.140 0.015 12921 0.150 — — 30.1
1.750 1.010 1.140 1.110 7066 YONGTAI 1.110 -0.020 1830.1 1.120 23.92 — 539.1 0.864 0.257 0.530 0.520 0084 TECFAST 0.525 -0.005 604.7 0.525 36.21 1.68 119.8
0.580 0.440 0.460 0.455 2577 YTLLAND 0.455 UNCH 24 0.456 — — 384.2 TECHNOLOGY
0.569 0.263 0.415 0.405 0181 AEMULUS 0.405 -0.010 1671.8 0.409 30.45 — 222.3
MINING 0.430 0.175 0.235 0.225 0119 APPASIA 0.230 -0.005 580.2 0.229 23.71 — 79.4
2.900 1.250 2.140 2.090 2186 KUCHAI 2.130 -0.020 16.5 2.114 2.66 0.46 263.6 0.535 0.120 0.240 0.225 0068 ASDION 0.235 0.005 1663.6 0.234 — — 27.3
PLANTATIONS 1.450 0.580 1.250 1.220 0098 BAHVEST 1.240 -0.020 1107.4 1.237 40.26 — 755.0
0.230 0.175 — — 7054 AASIA 0.180 — — — — — 118.8 0.644 0.355 0.465 0.450 0195 BINACOM 0.455 -0.010 1144.1 0.456 — 1.10 118.3
19.451 17.260 17.380 17.380 1899 BKAWAN 17.380 0.020 2.1 17.38 12.96 3.45 7,576.8 0.491 0.330 0.335 0.330 0191 CABNET 0.330 -0.010 69 0.333 12.55 2.88 59.0
8.468 7.000 — — 5069 BLDPLNT 7.450 — — — 19.40 0.40 696.6 0.233 0.037 0.180 0.175 0152 DGB 0.180 0.005 1932.5 0.176 128.57 — 136.1
1.359 1.230 1.270 1.250 5254 BPLANT 1.250 -0.020 407.7 1.258 4.47 7.71 2,800.0 0.160 0.030 0.070 0.065 0131 DGSB 0.065 Unch 2435 0.065 — — 96.9
0.973 0.685 0.700 0.695 8982 CEPAT 0.700 -0.005 3.6 0.698 10.06 2.86 222.9 0.053 0.020 0.020 0.020 0154 EAH 0.020 -0.005 100 0.020 — — 101.4
7.947 6.435 7.500 7.200 1929 CHINTEK 7.200 -0.200 3.1 7.284 9.31 2.78 657.8 0.180 0.050 0.060 0.055 0107 EDUSPEC 0.055 Unch 697.4 0.055 — — 55.1
0.673 0.407 0.550 0.545 3948 DUTALND 0.550 -0.005 711.6 0.547 — — 465.4 0.310 0.120 0.130 0.130 0116 FOCUS 0.130 -0.005 70.3 0.130 68.42 — 265.4
3.472 1.980 3.380 3.350 5029 FAREAST 3.380 -0.020 70.7 3.356 1.76 1.76 2,007.2 1.750 0.905 1.360 1.350 0104 GENETEC 1.350 -0.020 69.3 1.353 11.12 — 53.4
2.180 1.450 1.660 1.630 5222 FGV 1.640 -0.020 3445.1 1.641 41.62 3.20 5,983.0 0.100 0.035 0.090 0.085 0045 GNB 0.090 0.005 75 0.086 — — 26.0
10.628 9.050 9.440 9.390 2291 GENP 9.440 UNCH 357.2 9.402 20.62 1.59 7,599.4 0.195 0.100 0.145 0.125 0074 GOCEAN 0.130 0.005 8414.4 0.130 — — 37.7
0.615 0.450 — — 7382 GLBHD 0.485 — — — — 2.06 108.1 0.200 0.070 0.080 0.080 0174 IDMENSN 0.080 Unch 678.8 0.080 — — 21.8
1.100 0.930 0.930 0.930 2135 GOPENG 0.930 -0.050 4.5 0.930 51.96 2.87 250.2 0.428 0.246 0.310 0.300 0023 IFCAMSC 0.305 Unch 1384.7 0.304 22.43 1.64 185.5
0.760 0.480 0.510 0.505 7501 HARNLEN 0.505 -0.015 30.1 0.510 27.01 — 93.7 0.145 0.055 0.085 0.075 0094 INIX 0.080 Unch 1449.3 0.080 — — 20.7
2.637 2.180 2.280 2.270 5138 HSPLANT 2.280 UNCH 26.2 2.272 15.68 4.82 1,824.0 0.245 0.115 0.160 0.155 0010 IRIS 0.155 Unch 1981.6 0.156 — — 383.1
3.029 2.080 2.420 2.390 2216 IJMPLNT 2.410 UNCH 59.3 2.410 45.47 2.07 2,122.2 1.450 0.590 0.975 0.780 0146 JFTECH 0.925 0.155 1883.5 0.905 27.21 1.30 194.2
0.920 0.636 0.670 0.670 2607 INCKEN 0.670 UNCH 40 0.670 — 1.63 281.9 1.686 0.696 1.320 1.280 0127 JHM 1.280 -0.050 1045.3 1.295 22.78 0.69 713.7
1.332 0.642 0.815 0.810 6262 INNO 0.815 0.010 13.1 0.814 11.07 6.13 390.3 0.230 0.130 0.220 0.210 0111 K1 0.215 Unch 1950.6 0.215 — — 111.6
4.810 4.166 4.600 4.510 1961 IOICORP 4.530 -0.060 2658.5 4.552 18.61 2.10 28,468.3 0.265 0.060 0.065 0.065 0036 KGROUP 0.065 Unch 392.5 0.065 — — 30.6
1.200 0.660 0.690 0.680 4383 JTIASA 0.680 -0.010 290 0.685 — 0.74 662.1 1.280 0.430 0.780 0.750 0176 KRONO 0.750 -0.015 14997.7 0.763 18.70 — 271.9
25.809 23.106 24.740 24.420 2445 KLK 24.580 -0.220 162 24.63 29.28 2.03 26,239.3 0.357 0.135 0.155 0.145 0018 LAMBO 0.150 0.005 1790.7 0.147 16.13 — 313.5
5.000 3.251 4.160 4.100 2453 KLUANG 4.160 0.040 6 4.120 41.52 0.24 262.8 0.180 0.065 0.080 0.070 0017 M3TECH 0.080 0.005 1465.6 0.075 — — 46.9
1.566 1.204 1.350 1.340 5027 KMLOONG 1.340 -0.010 52.7 1.343 13.23 4.48 1,253.5 0.690 0.295 0.390 0.370 0075 MEXTER 0.380 -0.015 804.8 0.382 — — 102.0
0.880 0.395 0.455 0.435 1996 KRETAM 0.435 -0.020 2712.8 0.441 131.82 2.30 1,012.5 0.495 0.235 0.340 0.320 0155 MGRC 0.320 -0.010 43 0.321 — — 33.1
1.550 1.200 1.240 1.240 6572 KWANTAS 1.240 -0.010 5 1.240 23.94 — 386.5 1.160 0.335 0.395 0.350 0126 MICROLN 0.365 -0.050 273.4 0.365 — — 61.1
1.360 0.930 1.020 1.020 4936 MALPAC 1.020 UNCH 1.5 1.020 — — 76.5 0.521 0.275 0.330 0.325 0112 MIKROMB 0.330 Unch 230.3 0.330 15.21 4.55 142.2
0.891 0.685 — — 5026 MHC 0.730 — — — 10.40 2.74 143.5 0.270 0.045 0.055 0.050 0085 MLAB 0.050 -0.005 530 0.052 — — 33.5
2.189 1.801 — — 5047 NPC 1.930 — — — 19.67 0.52 231.6 0.310 0.160 0.280 0.270 0034 MMAG 0.275 Unch 2256 0.276 — — 142.2
4.023 3.400 — — 2038 NSOP 3.700 — — — 18.29 2.16 259.7 0.130 0.055 0.070 0.065 0103 MNC 0.070 Unch 65.6 0.069 — — 33.5
0.255 0.140 0.195 0.180 1902 PINEPAC 0.195 0.010 30 0.182 — — 29.2 0.280 0.155 0.180 0.175 0156 MPAY 0.180 0.005 765.4 0.176 — — 127.9
1.050 0.650 1.020 1.020 9695 PLS 1.020 0.020 3 1.020 — — 333.2 0.419 0.100 0.115 0.105 0092 MTOUCHE 0.105 Unch 1282.2 0.110 262.50 — 53.4
0.450 0.275 0.295 0.290 5113 RSAWIT 0.290 UNCH 60.9 0.290 — — 411.4 1.370 0.670 1.270 1.260 0108 N2N 1.270 Unch 724.9 1.268 22.20 2.36 759.3
3.980 3.304 — — 2542 RVIEW 3.830 — — — 21.02 2.09 248.4 0.070 0.020 0.025 0.020 0020 NETX 0.020 -0.005 759.1 0.023 — — 53.7
4.180 2.931 3.250 3.240 2569 SBAGAN 3.250 -0.040 13.4 3.248 32.50 0.62 215.6 0.070 0.025 0.030 0.025 0096 NEXGRAM 0.030 0.005 4135 0.027 — — 58.5
0.640 0.420 — — 4316 SHCHAN 0.495 — — — — — 65.3 0.205 0.070 0.180 0.175 0026 NOVAMSC 0.175 -0.005 29295.7 0.179 — — 131.5
1.152 0.320 0.970 0.940 0035 OPCOM 0.960 0.010 3608.4 0.956 23.13 3.39 154.8
5.957 4.547 5.210 5.150 5285 SIMEPLT 5.160 -0.020 775.2 5.178 8.11 — 35,092.3
0.339 0.260 0.315 0.300 0040 OPENSYS 0.310 0.005 937.6 0.308 12.20 3.23 92.3
4.632 2.950 3.120 3.100 5126 SOP 3.120 0.020 12 3.104 9.07 1.92 1,781.1 0.170 0.070 0.085 0.080 0079 ORION 0.085 0.005 584.8 0.080 14.91 — 50.9
1.833 1.455 1.580 1.560 5135 SWKPLNT 1.580 UNCH 151 1.564 — 3.16 442.4 0.190 0.090 0.130 0.120 0123 PRIVA 0.120 Unch 4009 0.125 — — 67.0
0.534 0.220 0.285 0.270 2054 TDM 0.280 0.005 4695.5 0.277 — 1.79 471.1 1.110 0.495 1.050 0.985 0200 REVENUE 1.010 -0.010 8737.3 1.009 39.30 — 225.1
1.117 0.620 0.725 0.720 5112 THPLANT 0.725 UNCH 17 0.722 22.24 4.97 640.8 0.901 0.610 0.685 0.685 0106 REXIT 0.685 -0.005 51.6 0.685 15.64 4.38 129.7
1.702 1.120 1.240 1.220 9059 TSH 1.220 -0.020 11 1.221 16.94 1.64 1,685.8 0.650 0.330 0.365 0.350 0202 RGTECH 0.355 -0.005 3746.2 0.357 25.54 — 186.4
6.946 5.793 6.300 6.250 2593 UMCCA 6.260 0.010 12.5 6.275 27.09 1.92 1,312.6 0.430 0.185 0.215 0.215 0178 SEDANIA 0.215 0.010 1 0.215 46.74 4.65 48.5
28.380 26.380 27.440 27.380 2089 UTDPLT 27.400 0.360 3.5 27.41 13.77 1.46 5,702.9 0.130 0.065 0.080 0.075 0060 SKH 0.075 0.005 13718.3 0.075 83.33 — 45.7
HOTELS 0.280 0.100 0.115 0.115 0169 SMTRACK 0.115 Unch 191.9 0.115 — — 16.9
0.580 0.447 0.500 0.500 5592 GCE 0.500 -0.020 11 0.500 — 4.00 98.5 0.309 0.135 0.180 0.160 0093 SOLUTN 0.170 0.010 4544.1 0.170 9.66 5.88 52.1
0.925 0.635 0.700 0.690 1643 LANDMRK 0.700 UNCH 21 0.696 — — 370.2 0.285 0.120 0.220 0.210 0129 SRIDGE 0.220 0.010 3010.7 0.214 — — 26.7
0.210 0.105 0.110 0.105 1287 PMHLDG 0.110 UNCH 1135.3 0.110 — — 102.2 0.460 0.205 0.340 0.320 0050 SYSTECH 0.330 -0.010 1629.8 0.328 82.50 0.91 114.7
6.370 4.606 5.860 5.720 5517 SHANG 5.850 0.010 19.9 5.767 32.85 2.56 2,574.0 0.165 0.110 0.110 0.110 0132 TDEX 0.110 -0.005 20 0.110 — — 59.8
TECHNOLOGY 0.580 0.070 0.415 0.400 0005 UCREST 0.405 Unch 10141.2 0.406 10.28 — 187.9
0.880 0.610 0.640 0.640 7031 AMTEL 0.640 UNCH 4 0.640 — — 31.9 0.965 0.290 0.695 0.670 0120 VIS 0.680 -0.010 644.4 0.681 18.33 0.49 114.8
0.315 0.160 0.205 0.190 5195 CENSOF 0.195 UNCH 2550.2 0.196 — — 97.8 0.128 0.030 0.040 0.035 0069 VIVOCOM 0.035 Unch 20327.1 0.035 12.50 — 198.3
0.665 0.130 0.310 0.295 0051 CUSCAPI 0.305 UNCH 5655.7 0.304 — — 262.1 0.155 0.095 0.105 0.100 0066 VSOLAR 0.105 0.005 59.9 0.105 — — 40.5
0.794 0.526 0.785 0.755 7204 D&O 0.765 UNCH 7799.5 0.771 34.15 1.31 795.7 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
0.435 0.165 0.250 0.245 8338 DATAPRP 0.250 UNCH 1244.7 0.246 — — 105.3 0.245 0.120 0.145 0.140 0086 YGL 0.145 -0.005 280 0.141 — — 33.7
0.175 0.080 0.085 0.085 0029 DIGISTA 0.085 UNCH 12 0.085 — — 56.0 TRADING SERVICES
1.352 0.975 1.020 1.010 5162 ECS 1.020 UNCH 194 1.011 7.33 4.90 183.6 0.300 0.210 — — 0122 AIM 0.260 — — — — — 69.2
1.670 0.335 0.770 0.730 0065 EFORCE 0.745 UNCH 16960.7 0.755 48.69 1.68 308.8 0.165 0.070 0.080 0.080 0048 ANCOMLB 0.080 -0.005 91.3 0.080 — — 37.9
3.120 2.203 3.120 2.980 0090 ELSOFT 3.070 0.110 2332.5 3.051 26.31 1.63 849.3 0.230 0.140 0.220 0.210 0187 BCMALL 0.215 -0.005 7463.9 0.217 15.47 — 90.6
0.800 0.331 0.765 0.730 0128 FRONTKN 0.745 -0.015 20361 0.743 20.87 0.67 784.8 0.333 0.207 0.245 0.245 0011 BTECH 0.245 Unch 81 0.245 15.31 6.53 61.7
1.800 1.030 1.610 1.600 0021 GHLSYS 1.600 -0.010 352.9 1.602 50.16 0.31 1,180.6 0.235 0.070 0.080 0.075 0150 FINTEC 0.075 Unch 1024.7 0.075 0.67 — 45.1
0.590 0.280 0.420 0.415 0082 GPACKET 0.415 -0.005 1122.9 0.416 — — 314.9 0.259 0.144 0.200 0.195 0157 FOCUSP 0.200 0.010 40 0.199 — 5.00 33.0
0.267 0.181 0.220 0.215 0056 GRANFLO 0.220 -0.005 21 0.215 8.09 2.73 106.3 0.682 0.422 0.505 0.500 0039 GFM 0.505 -0.005 557.8 0.503 19.96 1.82 222.6
2.938 1.475 2.770 2.720 7022 GTRONIC 2.760 0.010 4376.5 2.753 28.69 0.67 1,843.1 0.880 0.570 — — 0147 INNITY 0.650 — — — 24.34 — 90.0
0.940 0.495 — — 5028 HTPADU 0.590 — — — — 8.47 59.7 0.324 0.200 0.265 0.255 0193 KAB 0.255 -0.010 1063.8 0.260 9.48 3.92 81.6
2.560 1.497 2.440 2.370 0166 INARI 2.400 -0.060 19255 2.402 22.97 2.64 7,564.3 0.250 0.125 0.180 0.170 0180 KTC 0.180 0.005 1725.8 0.172 — — 91.8
0.235 0.085 0.110 0.110 9393 ITRONIC 0.110 UNCH 5 0.110 — — 11.3 0.270 0.115 — — 0167 MCLEAN 0.115 — — — — — 20.6
0.566 0.255 0.335 0.320 5161 JCY 0.325 -0.010 3670.9 0.324 — 9.23 675.0 0.290 0.155 — — 0081 MEGASUN 0.200 — — — 13.51 — 43.9
22.454 14.106 17.440 17.380 9334 KESM 17.380 UNCH 18 17.38 18.06 1.06 747.6 0.225 0.130 — — 0153 OVERSEA 0.150 — — — — — 37.0
0.340 0.120 0.230 0.220 0143 KEYASIC 0.220 -0.005 9076.6 0.223 56.41 — 204.7 0.310 0.095 0.105 0.105 0022 PARLO 0.105 Unch 280 0.105 0.63 — 38.2
2.440 1.370 2.430 2.360 5286 MI 2.370 -0.040 2822 2.406 16.96 — 1,185.0 0.180 0.105 0.125 0.120 0177 PASUKGB 0.120 -0.005 406 0.121 92.31 — 97.4
1.986 1.050 1.680 1.640 0113 MMSV 1.670 -0.020 443.2 1.663 12.84 1.20 272.2 0.480 0.280 — — 0006 PINEAPP 0.400 — — — 86.96 — 19.4
14.136 7.426 12.000 11.300 3867 MPI 11.800 0.460 184.3 11.68 15.63 2.46 2,476.6 0.350 0.235 0.270 0.270 0171 PLABS 0.270 Unch 30 0.270 13.92 2.22 58.0
1.385 0.964 1.180 1.130 5011 MSNIAGA 1.130 -0.010 44.4 1.141 4.23 4.42 68.3 0.350 0.235 0.300 0.285 0186 PTRANS 0.300 0.015 7533.3 0.292 12.10 2.83 414.9
0.355 0.120 0.170 0.160 0007 PUC 0.165 Unch 4723.9 0.165 — — 269.0
1.240 0.455 0.760 0.725 0083 NOTION 0.740 UNCH 6643.8 0.743 — 3.04 245.9
0.250 0.165 0.245 0.225 0196 QES 0.245 0.010 26798.4 0.238 9.88 — 185.8
0.590 0.340 0.400 0.390 9008 OMESTI 0.395 0.005 295 0.392 — — 179.3 0.465 0.210 0.285 0.280 0032 REDTONE 0.285 -0.010 431.9 0.281 34.76 — 216.1
0.315 0.205 0.235 0.220 0041 PANPAGE 0.230 0.015 2146.8 0.230 — — 61.1 0.635 0.230 0.355 0.330 0173 REV 0.340 0.010 2459.8 0.346 0.94 — 45.8
3.260 1.700 3.240 3.170 7160 PENTA 3.210 -0.030 964.8 3.206 28.51 — 1,016.2 0.592 0.435 0.490 0.490 0158 SCC 0.490 0.005 9.9 0.490 11.67 6.73 69.2
0.675 0.280 0.420 0.385 9075 THETA 0.410 -0.010 17.4 0.399 11.71 — 44.0 0.245 0.150 0.175 0.165 0161 SCH 0.165 Unch 1341.1 0.171 30.00 — 91.7
0.232 0.020 0.025 0.020 0118 TRIVE 0.025 UNCH 669.5 0.022 — — 53.3 0.265 0.135 0.165 0.160 0117 SMRT 0.160 -0.005 603.3 0.162 0.61 — 65.1
4.010 1.600 3.000 2.830 5005 UNISEM 2.960 0.120 5354.1 2.936 19.80 3.38 2,172.1 0.315 0.150 0.200 0.200 0140 STERPRO 0.200 -0.005 38.2 0.200 — — 64.3
7.760 5.062 7.620 7.450 0097 VITROX 7.520 -0.130 239 7.515 38.80 0.60 3,537.6 0.300 0.185 0.245 0.240 0080 STRAITS 0.245 Unch 910.1 0.243 25.52 — 98.7
0.766 0.483 0.515 0.510 0008 WILLOW 0.510 -0.010 173.5 0.514 0.89 1.96 253.0 0.887 0.621 0.660 0.655 0089 TEXCYCL 0.655 Unch 28.3 0.656 13.42 1.53 167.8
INFRASTRUCTURE PROJECT COMPANIES 0.210 0.115 0.150 0.135 0145 TFP 0.140 0.005 1821.4 0.143 — — 28.7
4.989 3.930 4.570 4.500 6947 DIGI 4.520 -0.050 2651.4 4.521 23.19 4.27 35,143.0 0.575 0.410 0.485 0.465 0199 TRIMODE 0.480 -0.010 454.7 0.475 11.37 — 79.7
5.900 3.630 4.900 4.700 6645 LITRAK 4.800 0.060 126.7 4.785 11.07 5.21 2,534.1 0.135 0.065 0.075 0.075 0165 XOX 0.075 -0.005 1291 0.075 — — 74.5
9.685 7.060 8.210 8.010 5031 TIMECOM 8.200 0.110 15.6 8.195 25.71 0.65 4,785.6 FINANCE
1.350 0.730 1.200 1.180 6742 YTLPOWR 1.200 UNCH 12068.8 1.194 15.06 4.17 9,789.9 0.888 0.492 0.550 0.525 0053 OSKVI 0.540 0.005 43.9 0.535 41.22 9.26 106.7
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI 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
PR’M
(%)
EXPIRY
DATE

Main Market & Ace Market Warrants 0.165

0.060
0.040
0.010
0.065 0.055
0.030 0.025
1147WA
0074WA
GOB-WA
GOCEAN-WA
0.055
0.025
0.005
Unch
861.5
1601
0.250
0.130
0.800
0.340
242.00
180.77
24/12/2019
07/08/2019
0.540 0.180 0.535 0.525 7022CO GTRONIC-CO 0.530 0.005 403.8 2.760 1.629 0.16 18/10/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.295 0.110 0.290 0.280 7022CP GTRONIC-CP 0.285 Unch 300 2.760 2.271 7.96 16/11/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.250 0.120 0.250 0.250 7022CQ GTRONIC-CQ 0.250 0.005 506.2 2.760 2.400 9.60 13/12/2018
0.170 0.075 0.170 0.160 516811 HARTA-C11 0.160 -0.005 579.2 6.780 7.000 12.68 29/03/2019
0.360 0.075 0.095 0.075 70320 A50CHIN-C20 0.090 0.005 1570.4 6.357 7.582 21.40 31/12/2018 0.200 0.110 0.200 0.195 516812 HARTA-C12 0.200 Unch 190 6.780 6.600 13.57 28/12/2018
0.495 0.305 0.495 0.475 70317 A50CHIN-H17 0.480 0.070 346 6.357 6.537 14.15 31/12/2018 0.220 0.150 0.220 0.210 516813 HARTA-C13 0.215 -0.005 98 6.780 5.800 7.74 16/01/2019
0.080 0.030 0.035 0.030 523817 AAX-C17 0.030 -0.005 160 0.350 0.335 8.57 18/10/2018 0.260 0.170 0.260 0.245 516814 HARTA-C14 0.250 0.005 66.8 6.780 6.500 14.31 18/02/2019
0.225 0.125 0.135 0.130 5238WA AAX-WA 0.130 -0.005 492.5 0.350 0.460 68.57 08/06/2020 0.260 0.115 0.185 0.180 5168C8 HARTA-C8 0.180 -0.005 260.4 6.780 6.500 10.47 31/10/2018
0.080 0.035 0.045 0.035 7146WA AEM-WA 0.040 0.005 1178.9 0.135 0.250 114.81 17/12/2019 0.170 0.060 0.165 0.145 5168C9 HARTA-C9 0.155 Unch 1307.1 6.780 6.000 3.36 30/11/2018
0.265 0.055 0.120 0.075 7315WB AHB-WB 0.090 0.015 10604 0.210 0.200 38.10 28/08/2019 0.560 0.215 0.280 0.275 7105WA HCK-WA 0.275 -0.015 15 1.290 0.960 -4.26 26/09/2027
0.200 0.070 0.095 0.095 509959 AIRASIAC59 0.095 -0.015 10 3.380 5.200 62.28 30/04/2019 0.165 0.145 0.145 0.145 4324C1 HENGYUAN-C1 0.145 Unch 10 7.290 8.000 41.56 26/03/2019
0.235 0.065 0.090 0.085 509960 AIRASIAC60 0.085 -0.005 1535.6 3.380 4.300 34.76 31/12/2018 0.150 0.140 0.140 0.140 4324C2 HENGYUAN-C2 0.140 -0.005 95.2 7.290 8.300 44.58 29/03/2019
0.310 0.075 0.110 0.105 509961 AIRASIAC61 0.105 -0.005 3262.1 3.380 3.600 15.83 31/10/2018 0.220 0.005 0.005 0.005 4324CQ HENGYUAN-CQ 0.005 Unch 10 7.290 16.880 133.61 28/09/2018
0.180 0.100 0.125 0.125 509963 AIRASIAC63 0.125 Unch 1000.6 3.380 3.880 25.89 30/11/2018 0.225 0.035 0.050 0.050 4324CV HENGYUAN-CV 0.050 Unch 311.9 7.290 8.880 32.78 25/10/2018
0.150 0.055 0.110 0.100 509965 AIRASIAC65 0.100 -0.005 734.7 3.380 3.600 15.38 28/02/2019 0.215 0.045 0.060 0.060 4324CW HENGYUAN-CW 0.060 0.005 50 7.290 9.500 42.66 31/10/2018
0.240 0.135 0.185 0.180 509966 AIRASIAC66 0.180 -0.005 42.9 3.380 3.250 12.13 16/01/2019 0.155 0.085 0.100 0.100 4324CX HENGYUAN-CX 0.100 -0.005 10 7.290 8.880 46.50 30/11/2018
0.270 0.200 0.220 0.210 509967 AIRASIAC67 0.215 -0.005 274.2 3.380 9.000 185.36 30/04/2019 0.205 0.155 0.175 0.160 4324CZ HENGYUAN-CZ 0.170 0.005 343 7.290 6.380 22.50 29/03/2019
0.175 0.135 0.140 0.135 509968 AIRASIAC68 0.135 -0.005 1082.5 3.380 3.900 28.96 29/03/2019 1.550 0.450 0.710 0.700 5095WB HEVEA-WB 0.710 0.010 87.8 0.955 0.250 0.52 28/02/2020
0.255 0.090 0.135 0.130 5014CW AIRPORT-CW 0.135 0.025 240 9.350 8.500 -0.43 23/08/2018 0.305 0.105 0.205 0.195 5072WB HIAPTEK-WB 0.205 0.005 626.4 0.440 0.500 60.23 23/06/2021
0.155 0.045 0.075 0.065 5014CY AIRPORT-CY 0.075 0.015 326.6 9.350 9.500 6.42 03/09/2018 0.135 0.010 0.010 0.010 5199CC HIBISCS-CC 0.010 Unch 1627.9 0.935 1.400 52.62 28/09/2018
0.190 0.010 0.125 0.110 5014CZ AIRPORT-CZ 0.125 0.015 1044 9.350 9.000 4.95 31/01/2019 0.070 0.015 0.015 0.015 5199CD HIBISCS-CD 0.015 -0.005 20 0.935 1.580 72.99 31/10/2018
0.305 0.105 0.150 0.145 7609WA AJIYA-WA 0.145 Unch 64.6 0.600 0.920 77.50 28/08/2021 0.155 0.075 0.095 0.085 5199CG HIBISCS-CG 0.090 Unch 1906.8 0.935 0.880 14.33 31/10/2018
0.110 0.040 0.095 0.095 9954WB AKNIGHT-WB 0.095 0.005 2264 0.175 0.100 11.43 14/05/2023 0.140 0.080 0.085 0.085 5199CH HIBISCS-CH 0.085 -0.005 370 0.935 0.860 14.71 22/11/2018
0.295 0.005 0.010 0.010 1015C5 AMBANK-C5 0.010 Unch 198 1.576 4.300 174.43 28/09/2018 0.090 0.070 0.075 0.075 5199CI HIBISCS-CI 0.075 -0.005 1300 0.935 1.100 37.70 31/01/2019
0.105 0.050 0.100 0.095 6556CP ANNJOO-CP 0.100 Unch 407 2.190 2.300 25.57 31/01/2019 0.110 0.095 0.095 0.095 5199CJ HIBISCS-CJ 0.095 Unch 2300 0.935 1.000 32.35 27/02/2019
0.105 0.040 0.100 0.095 6556CQ ANNJOO-CQ 0.095 -0.005 66.8 2.190 2.500 27.17 28/12/2018 0.555 0.200 0.405 0.400 5199WC HIBISCS-WC 0.400 -0.010 4299.1 0.935 1.000 49.73 19/03/2021
0.315 0.095 0.140 0.130 0119WA APPASIA-WA 0.130 -0.005 189.1 0.230 0.130 13.04 23/12/2024 0.315 0.020 0.095 0.085 5169WA HOHUP-WA 0.090 Unch 3239.5 0.495 0.600 39.39 21/12/2018
0.130 0.065 0.065 0.065 521040 ARMADA-C40 0.065 -0.005 190 0.695 0.770 20.14 29/03/2019 0.310 0.090 0.190 0.160 5160WA HOMERIZ-WA 0.190 0.010 233.5 0.795 0.920 39.62 09/07/2020
0.075 0.050 0.055 0.050 521042 ARMADA-C42 0.050 -0.005 1050 0.695 0.750 22.30 27/02/2019 0.700 0.140 0.335 0.305 0185WA HSSEB-WA 0.305 Unch 1219.3 0.945 1.700 112.17 15/03/2023
0.125 0.095 0.100 0.095 521043 ARMADA-C43 0.095 -0.010 1780 0.695 0.750 21.58 29/03/2019 0.105 0.015 0.020 0.015 7013WB HUBLINE-WB 0.015 -0.005 2354.6 0.055 0.200 290.91 20/12/2020
0.170 0.020 0.055 0.050 0068WB ASDION-WB 0.055 Unch 261.1 0.235 0.500 136.17 24/03/2019 0.200 0.045 0.065 0.055 9601WD HWGB-WD 0.065 0.010 1336.1 0.155 0.320 148.39 15/03/2021
0.096 0.030 0.040 0.030 0105WA ASIAPLY-WA 0.040 0.010 122.7 0.090 0.100 55.56 13/12/2020 0.745 0.100 0.580 0.580 9687WB IDEAL-WB 0.580 Unch 1.7 1.300 1.000 21.54 30/03/2021
0.075 0.030 0.040 0.035 0105WB ASIAPLY-WB 0.040 0.010 545.1 0.090 0.100 55.56 12/12/2022 0.160 0.095 0.100 0.095 0162WA IJACOBS-WA 0.100 -0.005 4014.4 0.240 0.350 87.50 05/08/2023
0.140 0.095 0.110 0.110 6399C8 ASTRO-C8 0.110 -0.005 10 1.790 2.200 41.34 31/01/2019 0.170 0.100 0.140 0.135 333619 IJM-C19 0.140 Unch 474.3 1.950 1.840 15.90 13/12/2018
0.170 0.135 0.140 0.140 6399C9 ASTRO-C9 0.140 -0.005 320 1.790 1.800 24.02 16/01/2019 0.125 0.015 0.060 0.055 16612 INARI-C12 0.055 -0.010 70 2.400 2.533 10.14 31/10/2018
0.335 0.120 0.180 0.155 7099WB ATTA-WB 0.180 0.020 42.4 0.830 0.870 26.51 09/05/2022 0.170 0.055 0.120 0.105 16613 INARI-C13 0.120 -0.015 1669.6 2.400 2.333 10.55 22/10/2018
0.335 0.140 0.170 0.150 7099WC ATTA-WC 0.170 Unch 20.1 0.830 0.870 25.30 18/11/2024 0.045 0.015 0.025 0.025 16615 INARI-C15 0.025 Unch 50 2.400 2.900 24.27 31/10/2018
0.045 0.005 0.005 0.005 0072WA AT-WA 0.005 Unch 1148.2 0.075 0.270 266.67 28/01/2019 0.260 0.120 0.215 0.210 16616 INARI-C16 0.215 -0.025 168 2.400 1.850 8.44 21/12/2018
0.075 0.015 0.025 0.020 0072WB AT-WB 0.020 Unch 3016.9 0.075 0.090 46.67 17/10/2019 0.285 0.195 0.235 0.220 16617 INARI-C17 0.230 -0.015 190 2.400 2.000 7.29 22/11/2018
0.185 0.080 0.110 0.105 688826 AXIATA-C26 0.105 -0.010 99.8 4.290 4.400 14.80 13/12/2018 0.335 0.230 0.270 0.270 16618 INARI-C18 0.270 -0.030 399.8 2.400 1.800 3.13 22/11/2018
0.180 0.130 0.130 0.130 688827 AXIATA-C27 0.130 -0.015 20.7 4.290 4.100 10.72 16/01/2019 0.150 0.105 0.120 0.110 16619 INARI-C19 0.115 -0.010 1955 2.400 2.600 25.10 31/01/2019
1.110 0.180 0.815 0.800 0098WA BAHVEST-WA 0.810 -0.015 572.2 1.240 0.870 35.48 20/08/2024 0.225 0.175 0.195 0.180 16620 INARI-C20 0.180 -0.020 930 2.400 2.050 7.92 16/01/2019
0.370 0.240 0.285 0.285 4162CK BAT-CK 0.285 -0.010 15 35.340 30.000 9.08 30/11/2018 2.010 1.047 1.900 1.850 0166WB INARI-WB 1.860 -0.050 47 2.400 0.533 -0.28 17/02/2020
0.315 0.200 0.230 0.230 4162CL BAT-CL 0.230 Unch 9.5 35.340 35.200 17.83 13/12/2018 0.115 0.025 0.055 0.045 0094WA INIX-WA 0.050 0.005 1038.4 0.080 0.100 87.50 16/11/2020
0.270 0.150 0.205 0.190 4162CM BAT-CM 0.190 -0.010 26 35.340 32.500 8.09 29/03/2019 0.440 0.185 0.250 0.245 3379WB INSAS-WB 0.250 Unch 99.4 0.905 1.000 38.12 25/02/2020
0.330 0.200 0.230 0.225 5258WA BIMB-WA 0.230 Unch 114 3.770 4.720 31.30 04/12/2023 0.210 0.075 0.170 0.140 5249CS IOIPG-CS 0.145 -0.005 265 1.770 1.680 7.20 22/11/2018
0.110 0.045 0.075 0.070 6998WA BINTAI-WA 0.070 -0.005 253.4 0.160 0.200 68.75 15/06/2020 0.210 0.060 0.075 0.060 8834WB IREKA-WB 0.075 0.015 46.5 0.595 1.000 80.67 25/06/2019
0.175 0.090 0.125 0.125 0179WA BIOHLDG-WA 0.125 Unch 715.9 0.250 0.220 38.00 05/01/2022 0.105 0.020 0.035 0.025 7183WA IRETEX-WA 0.025 -0.005 1353.8 0.130 0.800 534.62 10/06/2019
0.150 0.075 0.080 0.080 3239WB BJASSET-WB 0.080 Unch 1850 0.335 0.350 28.36 10/06/2023 0.059 0.010 0.015 0.010 0024WA JAG-WA 0.015 Unch 53.9 0.075 0.100 53.33 14/08/2019
0.065 0.005 0.005 0.005 3395C7 BJCORP-C7 0.005 Unch 5 0.285 0.385 36.84 24/08/2018 0.045 0.015 0.015 0.015 0024WB JAG-WB 0.015 Unch 57.6 0.075 0.150 120.00 15/11/2020
0.060 0.005 0.005 0.005 3395C8 BJCORP-C8 0.005 Unch 319.9 0.285 0.360 28.07 07/09/2018 0.130 0.065 0.095 0.095 8923WA JIANKUN-WA 0.095 -0.005 107 0.350 0.320 18.57 23/12/2021
0.110 0.045 0.050 0.045 3395C9 BJCORP-C9 0.050 Unch 59 0.285 0.280 15.79 22/11/2018 0.155 0.035 0.050 0.050 0170WA KANGER-WA 0.050 Unch 140 0.090 0.100 66.67 13/04/2020
0.130 0.065 0.070 0.070 3395WB BJCORP-WB 0.070 0.005 15 0.285 1.000 275.44 22/04/2022 0.033 0.003 0.005 0.005 524711 KAREX-C11 0.005 Unch 2 0.780 1.400 81.09 03/09/2018
0.155 0.080 0.095 0.095 3395WC BJCORP-WC 0.095 Unch 80 0.285 1.000 284.21 29/05/2026 0.040 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 4874.2 0.085 0.131 77.65 20/10/2023
0.340 0.200 0.255 0.250 7187WA BKOON-WA 0.250 Unch 558.9 0.460 0.200 -2.17 07/07/2023 0.180 0.070 0.075 0.075 7161CI KERJAYA-CI 0.075 Unch 70 1.510 1.480 7.95 25/10/2018
0.045 0.020 0.030 0.025 7036WC BORNOIL-WC 0.030 0.005 2 0.060 0.070 66.67 08/11/2025 0.460 0.200 0.290 0.290 7161WB KERJAYA-WB 0.290 -0.005 11.2 1.510 1.600 25.17 28/02/2023
0.055 0.025 0.030 0.025 7036WD BORNOIL-WD 0.025 Unch 130.2 0.060 0.070 58.33 29/05/2027 0.450 0.200 0.345 0.335 0151WA KGB-WA 0.335 -0.005 670.5 0.830 0.500 0.60 12/06/2019
0.505 0.165 0.190 0.180 6297WA BOXPAK-WA 0.190 0.025 11.6 1.160 2.040 92.24 13/03/2022 0.095 0.030 0.035 0.035 7164WB KNM-WB 0.035 Unch 2.6 0.185 1.000 459.46 21/04/2020
0.135 0.015 0.025 0.020 9938WB BRIGHT-WB 0.020 -0.010 300.1 0.220 0.650 204.55 12/01/2019 0.095 0.035 0.045 0.040 7017WB KOMARK-WB 0.045 Unch 225.2 0.165 0.230 66.67 21/01/2020
0.100 0.020 0.050 0.035 7188WA BTM-WA 0.045 0.010 282.7 0.165 0.940 496.97 20/12/2019 0.260 0.045 0.150 0.150 7153CW KOSSAN-CW 0.150 -0.015 14 4.450 4.000 0.84 24/08/2018
0.200 0.050 0.070 0.070 7188WB BTM-WB 0.070 Unch 12.3 0.165 0.200 63.64 23/10/2024 0.180 0.035 0.125 0.120 7153CX KOSSAN-CX 0.120 -0.005 20.8 4.450 4.440 7.87 22/10/2018
0.235 0.085 0.085 0.085 181816 BURSA-C16 0.085 -0.015 496 7.610 7.867 7.84 28/09/2018 0.095 0.060 0.090 0.085 5878CQ KPJ-CQ 0.090 0.005 413 1.140 1.050 11.84 31/01/2019
0.145 0.070 0.080 0.080 181818 BURSA-C18 0.080 Unch 35 7.610 8.100 10.64 28/02/2019 0.430 0.070 0.165 0.160 5878WB KPJ-WB 0.165 Unch 2220.5 1.140 1.010 3.07 23/01/2019
0.920 0.620 0.725 0.725 7174WA CAB-WA 0.725 -0.020 45.3 0.910 0.170 -1.65 08/02/2020 0.085 0.025 0.035 0.030 5172WA KSTAR-WA 0.030 Unch 1204.2 0.115 0.080 -4.35 10/04/2021
0.790 0.370 0.735 0.660 7154WA CAELY-WA 0.730 0.070 2416.8 1.130 0.380 -1.77 22/04/2021 0.810 0.305 0.355 0.325 9385WA LAYHONG-WA 0.335 -0.010 3926.3 0.685 0.400 7.30 13/10/2021
0.430 0.050 0.115 0.110 7076WA CBIP-WA 0.115 -0.010 15.8 1.360 2.400 84.93 06/11/2019 0.220 0.050 0.160 0.140 7126WA LONBISC-WA 0.160 -0.010 11.1 0.595 1.000 94.96 26/01/2020
0.330 0.220 0.245 0.240 7035WA CCK-WA 0.240 -0.005 1443.4 0.890 0.900 28.09 18/06/2023 0.075 0.035 0.055 0.050 5068WA LUSTER-WA 0.055 Unch 1342 0.110 0.100 40.91 03/06/2022
0.135 0.025 0.045 0.040 5195WB CENSOF-WB 0.040 Unch 635.2 0.195 0.460 156.41 07/10/2019 0.085 0.035 0.060 0.055 5068WB LUSTER-WB 0.060 0.005 390.1 0.110 0.100 45.45 26/05/2023
0.080 0.003 0.005 0.005 102332 CIMB-C32 0.005 Unch 10 1.920 7.900 312.76 28/09/2018 0.090 0.020 0.030 0.025 0017WA M3TECH-WA 0.030 Unch 400.2 0.080 0.100 62.50 21/08/2019
0.195 0.030 0.040 0.035 102333 CIMB-C33 0.040 Unch 459.1 5.880 6.800 19.73 31/10/2018 0.140 0.030 0.075 0.075 8583WC MAHSING-WC 0.075 -0.005 15.5 1.210 2.100 79.75 21/02/2020
0.140 0.065 0.095 0.090 102336 CIMB-C36 0.095 Unch 2060 5.880 6.100 15.05 31/12/2018 0.090 0.040 0.040 0.040 526410 MALAKOFC10 0.040 Unch 120 0.975 0.970 7.69 28/09/2018
0.155 0.125 0.135 0.130 102338 CIMB-C38 0.130 -0.005 1531.4 5.880 5.900 15.82 27/02/2019 0.050 0.045 0.045 0.045 526412 MALAKOFC12 0.045 Unch 200 0.975 1.150 29.49 29/03/2019
0.090 0.080 0.080 0.080 102339 CIMB-C39 0.080 -0.010 45.4 5.880 7.300 32.31 18/02/2019 0.100 0.005 0.040 0.035 5264C8 MALAKOF-C8 0.040 -0.005 69.5 0.975 1.000 6.67 31/10/2018
0.045 0.025 0.035 0.035 7018WA CME-WA 0.035 Unch 32 0.040 0.010 12.50 01/05/2028 0.385 0.195 0.265 0.250 5236WA MATRIX-WA 0.265 Unch 28.4 2.020 2.400 31.93 20/07/2020
0.205 0.005 0.015 0.015 285210 CMSB-C10 0.015 -0.010 10 3.460 3.800 11.78 21/09/2018 0.140 0.055 0.055 0.055 6012C5 MAXIS-C5 0.055 Unch 110 5.660 6.000 9.41 28/09/2018
0.140 0.055 0.070 0.065 0102WA CONNECT-WA 0.065 0.005 468.1 0.145 0.100 13.79 17/09/2021 0.230 0.090 0.165 0.165 6012C7 MAXIS-C7 0.165 -0.005 11.6 5.660 5.500 4.46 31/01/2019
0.140 0.050 0.070 0.060 0102WB CONNECT-WB 0.070 0.010 349 0.145 0.100 17.24 07/06/2021 0.615 0.105 0.200 0.195 115534 MAYBANKC34 0.200 Unch 306.4 9.790 9.250 -0.41 30/08/2018
0.395 0.100 0.165 0.140 5276WA DANCO-WA 0.165 -0.005 104.1 0.415 0.300 12.05 22/05/2022 0.285 0.100 0.140 0.140 115535 MAYBANKC35 0.140 Unch 1200.1 9.790 9.600 4.49 25/09/2018
0.025 0.010 0.015 0.010 7179WB DBE-WB 0.015 Unch 251 0.030 0.050 116.67 22/01/2022 0.270 0.015 0.065 0.065 115536 MAYBANKC36 0.065 -0.005 100 9.790 9.400 0.00 23/08/2018
0.220 0.060 0.075 0.075 3484WA DBHD-WA 0.075 Unch 392.6 0.370 0.580 77.03 27/11/2020 0.355 0.085 0.100 0.100 115537 MAYBANKC37 0.100 -0.010 24 9.790 10.300 9.30 28/09/2018
0.070 0.040 0.065 0.060 0152WB DGB-WB 0.065 Unch 7817.2 0.180 0.120 2.78 27/06/2021 0.260 0.060 0.070 0.060 115538 MAYBANKC38 0.070 Unch 375.7 9.790 10.500 8.68 30/11/2018
0.180 0.100 0.130 0.130 727732 DIALOG-C32 0.130 Unch 600 3.350 3.500 16.12 13/12/2018 0.200 0.030 0.035 0.030 115540 MAYBANKC40 0.035 -0.010 218.7 9.790 11.000 13.86 25/10/2018
0.170 0.105 0.145 0.140 727733 DIALOG-C33 0.140 0.005 221.7 3.350 3.400 11.94 29/03/2019 0.300 0.180 0.260 0.255 115542 MAYBANKC42 0.260 0.005 2020 9.790 9.300 8.27 31/12/2018
0.210 0.135 0.180 0.175 727734 DIALOG-C34 0.180 Unch 80 3.350 3.200 11.64 16/01/2019 0.170 0.145 0.160 0.155 115543 MAYBANKC43 0.160 Unch 130 9.790 9.000 3.37 30/04/2019
0.100 0.040 0.045 0.045 0029WB DIGISTA-WB 0.045 0.005 59.7 0.085 0.260 258.82 04/04/2023 0.705 0.260 0.410 0.390 5152WA MBL-WA 0.400 -0.005 86 1.160 0.800 3.45 28/11/2022
0.270 0.100 0.130 0.125 4456WD DNEX-WD 0.130 0.005 625.5 0.400 0.500 57.50 30/07/2021 0.260 0.025 0.035 0.025 1171C7 MBSB-C7 0.030 Unch 1557.7 1.080 1.100 4.63 28/09/2018
0.280 0.080 0.125 0.120 7114WA DNONCE-WA 0.120 Unch 203 0.320 0.250 15.63 25/11/2020 0.060 0.025 0.030 0.030 5040WC MEDAINC-WC 0.030 Unch 200 0.335 0.800 147.76 24/08/2024
0.085 0.025 0.030 0.025 5265WA DOLPHIN-WA 0.025 -0.005 102.1 0.120 0.800 587.50 29/03/2021 0.200 0.040 0.115 0.100 1694WB MENANG-WB 0.110 0.005 7489.1 0.445 0.550 48.31 09/07/2019
0.300 0.125 0.170 0.165 7169WA DOMINAN-WA 0.170 0.010 224.9 1.300 1.300 13.08 10/09/2020 0.310 0.065 0.090 0.090 7234WA MESB-WA 0.090 -0.020 41.8 0.290 0.300 34.48 27/12/2022
0.280 0.040 0.080 0.080 161947 DRBHCOMC47 0.080 -0.005 2411.5 2.330 2.400 12.27 28/09/2018 0.530 0.160 0.230 0.210 0075WA MEXTER-WA 0.220 -0.010 121 0.380 0.130 -7.89 17/09/2018
0.300 0.035 0.050 0.040 161948 DRBHCOMC48 0.050 Unch 1614.1 2.330 2.200 1.93 21/09/2018 2.190 1.600 1.720 1.720 3069WA MFCB-WA 1.720 Unch 11 3.500 2.220 12.57 08/04/2020
0.270 0.025 0.060 0.055 161951 DRBHCOMC51 0.055 -0.005 75.8 2.330 2.500 12.02 31/10/2018 0.200 0.090 0.150 0.110 5576WC MINHO-WC 0.145 0.025 129 0.470 0.500 37.23 02/08/2021
0.200 0.015 0.040 0.035 161953 DRBHCOMC53 0.035 -0.005 157 2.330 2.500 13.30 28/09/2018 0.250 0.005 0.005 0.005 381614 MISC-C14 0.005 Unch 129.6 1.308 7.050 440.04 28/09/2018
0.165 0.015 0.020 0.020 161955 DRBHCOMC55 0.020 -0.005 347 2.330 3.500 52.79 31/10/2018 0.200 0.020 0.035 0.025 381617 MISC-C17 0.030 -0.010 659.2 6.000 6.750 14.50 25/10/2018
0.270 0.145 0.250 0.250 161957 DRBHCOMC57 0.250 Unch 490 2.330 1.800 9.44 21/12/2018 0.210 0.095 0.120 0.120 9571WE MITRA-WE 0.120 Unch 61.7 0.535 0.940 98.13 17/04/2023
0.195 0.120 0.185 0.185 161958 DRBHCOMC58 0.185 -0.005 1551.2 2.330 2.100 16.33 31/01/2019 0.070 0.015 0.015 0.015 0085WB MLAB-WB 0.015 Unch 40 0.050 0.150 230.00 10/09/2020
0.180 0.145 0.170 0.170 161959 DRBHCOMC59 0.170 -0.005 1673 2.330 2.000 15.02 27/02/2019 0.095 0.045 0.075 0.075 0034WB MMAG-WB 0.075 Unch 1598.6 0.275 0.200 0.00 27/11/2022
0.225 0.175 0.200 0.200 161960 DRBHCOMC60 0.200 -0.005 30 2.330 1.950 9.44 30/04/2019 0.055 0.020 0.030 0.030 0103WA MNC-WA 0.030 0.005 110 0.070 0.100 85.71 05/11/2021
0.165 0.145 0.150 0.150 161962 DRBHCOMC62 0.150 -0.005 50 2.330 2.650 33.05 29/03/2019 0.300 0.080 0.290 0.270 3867CI MPI-CI 0.285 0.035 80 11.800 8.500 1.02 25/10/2018
0.135 0.125 0.125 0.125 161963 DRBHCOMC63 0.125 -0.005 15 2.330 2.500 31.44 26/03/2019 0.060 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 31 0.055 0.100 127.27 21/11/2021
0.300 0.165 0.175 0.165 5216WA DSONIC-WA 0.170 Unch 8015.5 0.830 1.090 51.81 05/07/2023 0.115 0.005 0.005 0.005 165127 MRCB-C27 0.005 Unch 369.7 0.835 1.300 57.19 28/09/2018
0.190 0.060 0.070 0.070 3417WB E&O-WB 0.070 -0.005 15.7 1.540 2.600 73.38 21/07/2019 0.030 0.005 0.005 0.005 165128 MRCB-C28 0.005 -0.005 290 0.835 1.200 45.51 28/09/2018
0.145 0.060 0.090 0.080 3557WC ECOFIRS-WC 0.090 Unch 3 0.305 0.300 27.87 10/09/2019 0.095 0.005 0.015 0.015 165129 MRCB-C29 0.015 Unch 257 0.835 1.300 57.93 30/11/2018
0.170 0.025 0.075 0.065 5253CK ECONBHD-CK 0.075 0.010 500 0.950 1.050 24.74 31/10/2018 0.075 0.015 0.050 0.050 165131 MRCB-C31 0.050 -0.005 60 0.835 1.000 31.74 31/01/2019
0.155 0.015 0.050 0.040 5253CM ECONBHD-CM 0.050 0.010 269.2 0.950 1.000 14.74 18/10/2018 0.200 0.040 0.175 0.165 165132 MRCB-C32 0.170 -0.020 1241.3 0.835 0.800 16.17 28/02/2019
0.590 0.135 0.215 0.195 5253WA ECONBHD-WA 0.210 0.010 3809 0.950 1.250 53.68 02/01/2023 0.125 0.035 0.115 0.110 165133 MRCB-C33 0.110 -0.010 3818.6 0.835 0.800 24.79 21/12/2018
0.180 0.085 0.095 0.095 8206CO ECOWLD-CO 0.095 -0.005 120 1.230 1.100 8.74 31/10/2018 0.085 0.070 0.075 0.070 165134 MRCB-C34 0.070 -0.010 596.5 0.835 1.050 46.71 29/03/2019
0.485 0.250 0.310 0.295 8206WA ECOWLD-WA 0.295 Unch 70.5 1.230 2.080 93.09 26/03/2022 0.440 0.180 0.305 0.295 1651WB MRCB-WB 0.305 Unch 1468.7 0.835 1.250 86.23 29/10/2027
0.065 0.005 0.010 0.005 0107WA EDUSPEC-WA 0.005 Unch 1100 0.055 0.180 236.36 24/12/2018 0.092 0.020 0.020 0.020 0092WB MTOUCHE-WB 0.020 -0.005 3.3 0.105 0.480 376.19 16/03/2020
1.360 0.110 0.465 0.435 0065WA EFORCE-WA 0.445 -0.005 34494 0.745 0.340 5.37 17/07/2019 0.090 0.025 0.035 0.035 0092WC MTOUCHE-WC 0.035 0.005 266.4 0.105 0.200 123.81 02/11/2020
0.515 0.165 0.220 0.205 8907WC EG-WC 0.210 0.005 35.8 0.540 0.500 31.48 03/11/2020 0.300 0.005 0.005 0.005 13831 MYEG-C31 0.005 Unch 40 1.220 2.500 105.94 28/09/2018
0.095 0.010 0.010 0.010 8877CL EKOVEST-CL 0.010 Unch 191.3 0.740 0.980 35.81 25/10/2018 0.125 0.005 0.005 0.005 13835 MYEG-C35 0.005 Unch 80 1.220 2.650 119.26 28/09/2018
0.085 0.025 0.055 0.055 8877CN EKOVEST-CN 0.055 Unch 950 0.740 0.800 25.95 21/12/2018 0.040 0.010 0.010 0.010 13838 MYEG-C38 0.010 Unch 100 1.220 2.880 139.34 31/01/2019
0.145 0.080 0.125 0.125 8877CO EKOVEST-CO 0.125 Unch 290.3 0.740 0.550 8.11 13/12/2018 0.395 0.160 0.320 0.320 13839 MYEG-C39 0.320 -0.010 50 1.220 0.850 22.13 21/12/2018
0.795 0.190 0.360 0.350 8877WB EKOVEST-WB 0.355 -0.005 183.5 0.740 0.480 12.84 25/06/2019 0.210 0.080 0.160 0.160 13840 MYEG-C40 0.160 Unch 250 1.220 1.200 40.33 21/12/2018
0.115 0.070 0.085 0.085 5283CL EWINT-CL 0.085 Unch 200 1.070 1.000 13.32 30/11/2018 0.155 0.060 0.115 0.115 13841 MYEG-C41 0.115 Unch 583.7 1.220 1.600 64.14 21/12/2018
0.185 0.120 0.150 0.150 5283CM EWINT-CM 0.150 Unch 40 1.070 0.950 16.82 31/01/2019 0.180 0.070 0.130 0.130 13842 MYEG-C42 0.130 Unch 50 1.220 0.915 15.49 13/12/2018
0.335 0.175 0.300 0.290 5283WA EWINT-WA 0.300 Unch 1934.6 1.070 1.450 63.55 02/04/2022 0.190 0.080 0.145 0.145 13843 MYEG-C43 0.145 -0.005 20 1.220 1.150 29.92 30/01/2019
0.535 0.100 0.160 0.155 7047WB FAJAR-WB 0.160 Unch 775.4 0.515 0.700 66.99 24/09/2019 0.280 0.225 0.245 0.245 13844 MYEG-C44 0.245 Unch 170 1.220 1.000 22.13 29/03/2019
0.740 0.060 0.075 0.065 06503Q FBMKLCI-C3Q 0.075 -0.010 988.3 811.09 1,810 125.00 30/08/2018 0.155 0.120 0.130 0.125 13845 MYEG-C45 0.130 Unch 667.8 1.220 1.280 31.56 18/02/2019
0.185 0.005 0.005 0.005 06503R FBMKLCI-C3R 0.005 -0.005 230.2 242.01 1,875 675.79 28/09/2018 0.125 0.115 0.115 0.115 13846 MYEG-C46 0.115 -0.005 93 1.220 1.450 51.84 29/03/2019
0.555 0.210 0.320 0.320 06503T FBMKLCI-C3T 0.320 -0.020 110 1,777 1,820 6.01 31/10/2018 0.240 0.045 0.050 0.045 4707CA NESTLE-CA 0.050 -0.005 1479.2 147.00 160.00 10.54 31/12/2018
1.220 0.385 0.545 0.545 06503U FBMKLCI-C3U 0.545 -0.035 10 1,777 1,740 4.04 31/10/2018 0.150 0.110 0.110 0.110 4707CC NESTLE-CC 0.110 Unch 10 146.99 170.00 20.14 31/01/2019
0.225 0.030 0.055 0.045 06503V FBMKLCI-C3V 0.055 Unch 120.1 1,777 1,800 2.83 31/10/2018 0.040 0.005 0.005 0.005 0020WB NETX-WB 0.005 Unch 31 0.020 0.050 175.00 08/06/2019
0.085 0.040 0.050 0.050 06503X FBMKLCI-C3X 0.050 -0.005 58 1,777 1,825 4.09 30/11/2018 0.030 0.010 0.015 0.015 0096WA NEXGRAM-WA 0.015 Unch 30 0.030 0.100 283.33 16/05/2022
0.425 0.225 0.345 0.345 06503Y FBMKLCI-C3Y 0.345 -0.015 170 1,777 1,790 6.54 31/12/2018 0.025 0.010 0.010 0.010 0096WB NEXGRAM-WB 0.010 Unch 50 0.030 0.260 800.00 21/07/2023
0.590 0.340 0.500 0.485 06503Z FBMKLCI-C3Z 0.500 -0.025 707.7 1,777 1,710 4.66 31/12/2018 0.120 0.050 0.085 0.080 7241WA NGGB-WA 0.085 -0.005 58.4 0.370 0.600 85.14 18/10/2020
0.185 0.100 0.125 0.120 06505A FBMKLCI-C5A 0.125 -0.010 275 1,777 1,750 1.98 31/12/2018 0.380 0.200 0.360 0.315 0083WC NOTION-WC 0.340 0.005 1053.7 0.740 0.840 59.46 14/03/2023
0.205 0.140 0.165 0.165 06505E FBMKLCI-C5E 0.165 -0.005 21 1,777 1,680 1.03 31/01/2019 0.320 0.140 0.165 0.160 0172WA OCK-WA 0.165 -0.005 229 0.635 0.710 37.80 15/12/2020
0.400 0.085 0.160 0.140 06504Q FBMKLCI-H4Q 0.145 0.015 859.6 1,777 1,850 8.17 30/08/2018 0.095 0.035 0.045 0.040 0079WA ORION-WA 0.045 Unch 200.1 0.085 0.170 152.94 26/07/2022
0.620 0.165 0.165 0.165 06504R FBMKLCI-H4R 0.165 -0.070 10 1,777 1,760 0.89 30/08/2018 0.210 0.050 0.135 0.130 5053WC OSK-WC 0.130 -0.010 75.2 1.000 1.200 33.00 22/07/2020
0.460 0.130 0.245 0.225 06504T FBMKLCI-H4T 0.225 0.015 223 1,777 1,875 11.84 28/09/2018 0.180 0.045 0.145 0.145 7052CS PADINI-CS 0.145 Unch 100 6.000 5.600 7.83 31/10/2018
0.795 0.380 0.405 0.390 06504U FBMKLCI-H4U 0.395 0.015 120 1,777 1,720 1.22 31/10/2018 0.420 0.245 0.325 0.315 8419WA PANSAR-WA 0.320 Unch 376.1 0.830 0.950 53.01 06/06/2023
1.000 0.490 0.560 0.540 06504V FBMKLCI-H4V 0.540 0.025 38 1,777 1,800 7.36 31/10/2018 0.270 0.110 0.120 0.115 5125WA PANTECH-WA 0.120 Unch 64.7 0.500 0.500 24.00 21/12/2020
0.355 0.060 0.135 0.120 06504X FBMKLCI-H4X 0.125 0.005 447.8 1,777 1,800 4.80 31/10/2018 0.280 0.130 0.135 0.130 5125WB PANTECH-WB 0.130 Unch 200 0.500 0.500 26.00 21/12/2021
0.330 0.135 0.210 0.190 06504Y FBMKLCI-H4Y 0.195 0.010 3789 1,777 1,888 15.02 31/01/2019 0.180 0.050 0.100 0.070 5022WA PAOS-WA 0.095 0.025 1242.1 0.390 0.500 52.56 14/12/2021
0.405 0.115 0.195 0.180 06504Z FBMKLCI-H4Z 0.190 0.010 340.9 1,777 1,825 8.03 30/11/2018 0.095 0.020 0.035 0.035 7225WB PA-WB 0.035 -0.005 982 0.055 0.060 72.73 17/12/2022
0.470 0.220 0.255 0.250 06506A FBMKLCI-H6A 0.250 0.010 379.4 1,777 1,690 -0.69 31/12/2018 0.460 0.150 0.295 0.270 129521 PBBANK-C21 0.280 -0.010 107.7 24.479 23.000 1.39 31/12/2018
0.665 0.370 0.405 0.400 06506B FBMKLCI-H6B 0.400 Unch 70 1,777 1,770 6.35 31/12/2018 0.150 0.010 0.075 0.070 6068WA PCCS-WA 0.075 0.005 240.6 0.260 0.600 159.62 25/12/2022
0.315 0.080 0.130 0.115 06506C FBMKLCI-H6C 0.125 0.015 1842.6 1,777 1,750 1.98 31/12/2018 0.410 0.120 0.410 0.360 518318 PCHEM-C18 0.360 -0.040 328.5 9.240 8.000 0.22 30/11/2018
0.335 0.315 0.315 0.315 06506D FBMKLCI-H6D 0.315 Unch 10 1,777 1,630 -2.97 31/01/2019 0.130 0.060 0.090 0.085 518319 PCHEM-C19 0.085 -0.025 611.4 9.240 9.300 5.71 28/09/2018
0.465 0.360 0.390 0.385 06506E FBMKLCI-H6E 0.385 0.020 60 1,777 1,710 2.72 31/01/2019 0.175 0.070 0.160 0.155 518320 PCHEM-C20 0.160 -0.005 250 9.240 8.400 4.76 31/01/2019
0.075 0.060 0.065 0.065 06506F FBMKLCI-H6F 0.065 Unch 330 1,777 1,650 -3.50 29/03/2019 0.205 0.155 0.190 0.185 518321 PCHEM-C21 0.190 -0.005 101.2 9.240 10.000 18.51 30/11/2018
0.090 0.050 0.070 0.070 06506G FBMKLCI-H6G 0.070 0.005 253.9 1,777 1,680 -2.71 31/01/2019 0.215 0.190 0.195 0.195 518322 PCHEM-C22 0.195 -0.020 50 9.240 9.500 15.48 26/03/2019
0.215 0.015 0.015 0.015 522242 FGV-C42 0.015 -0.005 40 1.640 1.900 18.32 28/09/2018 0.050 0.020 0.025 0.020 6254WB PDZ-WB 0.025 Unch 1815.3 0.055 0.100 127.27 29/01/2023
0.240 0.105 0.135 0.130 522250 FGV-C50 0.130 -0.010 1313 1.640 1.400 9.15 21/12/2018 0.270 0.170 0.180 0.180 9997WB PENSONI-WB 0.180 Unch 50 0.550 0.600 41.82 20/01/2024
0.115 0.080 0.095 0.095 522253 FGV-C53 0.095 Unch 395.8 1.640 1.680 19.82 28/12/2018 0.360 0.075 0.115 0.110 8311WC PESONA-WC 0.115 -0.005 1192.7 0.290 0.250 25.86 27/01/2020
0.200 0.135 0.145 0.135 522255 FGV-C55 0.140 -0.015 1191.8 1.640 1.500 8.54 30/04/2019 0.315 0.090 0.205 0.190 5681CV PETDAG-CV 0.190 Unch 10.1 26.599 24.750 1.62 31/12/2018
0.105 0.085 0.085 0.085 522256 FGV-C56 0.085 -0.005 5200 1.640 2.000 35.95 29/03/2019 1.550 0.795 1.480 1.480 7172WA PMBTECH-WA 1.480 -0.010 2 3.310 3.010 35.65 12/07/2023
0.090 0.015 0.020 0.020 0150WA FINTEC-WA 0.020 Unch 1168.4 0.075 0.300 326.67 19/04/2024 0.275 0.080 0.160 0.130 886911 PMETAL-C11 0.130 -0.020 580 4.670 4.500 9.72 31/10/2018
0.100 0.025 0.050 0.040 9318WB FITTERS-WB 0.050 Unch 332.4 0.400 1.000 162.50 12/10/2019 0.175 0.055 0.105 0.085 886912 PMETAL-C12 0.085 -0.015 2189.1 4.670 5.400 25.64 21/12/2018
0.610 0.180 0.275 0.255 9261WB GADANG-WB 0.265 Unch 608.5 0.745 1.060 77.85 29/11/2021 0.200 0.095 0.175 0.150 886913 PMETAL-C13 0.150 -0.015 4088.1 4.670 4.450 11.35 13/12/2018
0.205 0.025 0.140 0.135 539849 GAMUDA-C49 0.135 Unch 180 3.630 4.400 36.09 21/12/2018 0.225 0.105 0.170 0.170 886914 PMETAL-C14 0.170 -0.030 200 4.670 4.300 10.28 30/01/2019
0.165 0.090 0.120 0.120 539850 GAMUDA-C50 0.120 0.005 20 3.630 4.000 26.72 28/12/2018 0.205 0.135 0.170 0.155 886915 PMETAL-C15 0.160 -0.010 272.8 4.670 4.200 10.49 30/04/2019
0.195 0.160 0.160 0.160 539851 GAMUDA-C51 0.160 Unch 5 3.630 3.380 19.56 29/03/2019 0.300 0.010 0.040 0.025 8869C6 PMETAL-C6 0.030 -0.010 210.6 4.670 5.000 9.64 28/09/2018
0.185 0.130 0.140 0.140 539852 GAMUDA-C52 0.140 0.005 40 3.630 4.200 31.13 18/02/2019 0.225 0.005 0.005 0.005 8869C7 PMETAL-C7 0.005 Unch 491.5 1.667 6.300 279.12 28/09/2018
1.380 0.395 0.590 0.575 5398WE GAMUDA-WE 0.580 -0.010 715.6 3.630 4.050 27.55 06/03/2021 5.380 2.850 4.350 4.210 8869WC PMETAL-WC 4.250 -0.160 99.8 4.670 0.390 -0.64 22/08/2019
0.070 0.020 0.020 0.020 0078CM GDEX-CM 0.020 Unch 195 0.445 0.580 36.18 31/10/2018 0.970 0.300 0.570 0.535 7088WB POHUAT-WB 0.570 0.010 208.1 1.490 1.000 5.37 21/10/2020
0.500 0.160 0.200 0.195 0078WB GDEX-WB 0.195 0.005 59.1 0.445 0.383 29.78 05/02/2020 0.135 0.010 0.025 0.020 463415 POS-C15 0.025 Unch 333.1 4.120 4.900 21.66 30/11/2018
0.135 0.010 0.010 0.010 471533 GENM-C33 0.010 -0.005 200 2.640 6.000 128.41 31/10/2018 0.135 0.105 0.105 0.105 463421 POS-C21 0.105 -0.015 46 4.120 4.750 31.86 29/03/2019
0.145 0.025 0.025 0.025 471536 GENM-C36 0.025 -0.030 106.1 5.050 5.600 13.27 28/09/2018 0.465 0.170 0.205 0.205 8966WA PRLEXUS-WA 0.205 -0.015 10 0.680 1.200 106.62 14/06/2021
0.225 0.185 0.185 0.185 471537 GENM-C37 0.185 -0.010 859.2 5.050 5.100 17.48 31/01/2019 0.220 0.090 0.115 0.110 5070WA PRTASCO-WA 0.115 Unch 195.1 0.525 0.750 64.76 25/04/2023
3.000 1.490 1.670 1.670 2291WA GENP-WA 1.670 -0.120 5.5 9.440 7.750 -0.21 17/06/2019 0.125 0.060 0.090 0.085 7145WA PSIPTEK-WA 0.090 0.005 2145.9 0.150 0.100 26.67 16/11/2019
0.205 0.095 0.100 0.095 318251 GENTINGC51 0.095 -0.010 131.1 8.550 9.000 10.82 29/03/2019 0.215 0.095 0.135 0.130 0186WA PTRANS-WA 0.135 0.005 3549 0.300 0.235 23.33 19/09/2020
0.160 0.130 0.135 0.130 318252 GENTINGC52 0.130 -0.010 360 5.050 8.400 84.36 16/01/2019 0.260 0.055 0.125 0.125 0007WA PUC-WA 0.125 Unch 4 0.165 0.100 36.36 25/12/2024
0.090 0.070 0.075 0.070 318254 GENTINGC54 0.070 -0.015 30.8 8.550 9.600 18.01 18/02/2019 0.245 0.045 0.070 0.070 0007WB PUC-WB 0.070 Unch 455 0.165 0.100 3.03 15/02/2019
1.860 0.530 0.685 0.645 3182WA GENTING-WA 0.645 -0.040 1548 8.550 7.960 0.64 18/12/2018 0.550 0.305 0.465 0.435 7237WA PWROOT-WA 0.445 -0.010 1044.6 1.580 1.540 25.63 24/07/2023
FRIDAY AU G U S T 17, 20 1 8 • T HE ED 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

Japan — Nikkei ends lower on hopes of
new US-China trade talks
TOKYO: Japan’s Nikkei ended lower yesterday
after paring early losses following news of
fresh talks between China and the US, which
raised hopes of a potential thaw in their trade
war and weakened the yen.
The Nikkei Share Average lost 0.06% to
22,192.04 points. The Nikkei was deeply
in negative territory in morning trade, but
erased early losses at the midday break after
China’s commerce ministry’s announcement
that Vice Minister Wang Shouwen will hold
talks in Washington in late August.
However, the broader Topix slumped
0.6% to 1,687.15, after touching its lowest
since late March.
The US dollar was slightly up against
the yen at ¥110.83, compared with
¥110.47 in early Asian trade, after China’s
announcement.
“The news lifted investors’ risk stance,”
said Chihiro Ohta, general manager at SMBC
Nikko Securities, adding that the market’s
recovery mainly stemmed from futures.
However, declining issues outnumbered
advancing ones 1,673 to 367 on the main
board.
“The Topix indicates the actual state of the
Japanese market as the Nikkei is somewhat
supported by buying in large-cap stocks
which are heavyweight,” said Yutaka Miura, a
senior technical analyst at Mizuho Securities.
“Since the Topix is weak, we need to
stay cautious against a possible slide in the
market in the coming days.”
We a k n e s s i n e m e r g i n g ma rke t
currencies remained a concern as this could
trigger buying of safe-haven currencies,
strengthening the yen, Miura added.
Shares of Japanese department stores,
cosmetics makers and drugstores, which
benefit from inbound tourism, fell sharply
on news of lean visitor arrivals in July.
Arrivals rose 5.6% from a year earlier to
2.832 million, said Japan National Tourism
Organization. The growth rate slowed from
double-digits, due to natural disasters this
summer and heavy rain in western Japan.
Isetan Mitsukoshi closed 1.7% lower,
Takashimaya by 2.4% and Shiseido Co
by 5.4%. Kose Corp dived 8.1% and
Matsumotokiyoshi declined 3.5%.
Large cap, index-heavy Fast Retailing rose
2.1%, while Fanuc Corp surged 1%, helping
the Nikkei outperform the Topix by adding
46 positive points to the Nikkei benchmark
index.
Foreigners sold Japanese stocks for
the second consecutive week in the week
ended last Friday on concerns over the US-
China trade war, a stronger yen and Turkey’s
economic woes. Overseas investors sold a net
¥153.4 billion of Japanese stocks, including
cash equities and futures, data from Japanese
stock exchanges showed.
Analysts expect more losses for Japanese
stocks if Turkey’s financial crisis deepen
further.
US — US stocks drop on downbeat
earnings, trade tensions
NEW YORK: Wall Street fell in a day of heavy
trading on Wednesday with the S&P 500
Index posting its biggest precentage drop
since late June as investors turned risk-averse
on disappointing earnings and escalating
global tariff worries.
Chinese technology company Tencent
Holdings Ltd reported its first profit decline
in almost 13 years, putting pressure on the US
tech sector. Technology stocks were the biggest
drag on the S&P 500 and the Nasdaq, with the
S&P 500 Technology Index down 1.1%.
Retail shares fell as Macy’s Inc stock
tumbled 15.9% after margin fears spooked
investors, overshadowing its stronger-than-
expected sales and earnings.
“There was a lot of optimism heading into
retail earnings,” said JJ Kinahan, chief market
strategist at TD Ameritrade in Chicago.
Macy’s results have “taken an edge off that
optimism.”
Second-quarter US earnings have mostly
been stronger than expected, with 79.1%
beating analyst expectations, according to
Thomson Reuters. Results are in for 460 of
S&P 500 companies.
The trade fracas heated up as Turkish
President Recep Tayyip Erdogan doubled
tariffs on some US imports, and China
lodged a complaint with the World Trade
Organization against American trade policies.
The tariff-sensitive industrial sector slipped
0.5%, with Caterpillar Inc and Boeing Co
weighing on the Dow Jones Industrial Average.
“A combination of fears of contagion
from Turkey and a possibility of a China
slowdown has upset markets worldwide,”
Kinahan added.
The S&P 500 Energy Index dropped 3.5%
as a fall in crude prices was exacerbated by
an unexpected surge in US stockpiles. The
energy index suffered its biggest precentage
loss since Feb 5.
Metals prices fell, dragging down the
materials sector , which ended down 1.6%.
The S&P 1500 Metals and Mining Index was
down 4.8%.
Adding to the day’s bearish tone for metals
and for stocks was the US dollar. The US
dollar index briefly touched a 13-month
high before ending the day essentially flat.
The Dow fell 0.54% to 25,162.41 points;
the S&P 500 dropped 0.76% to 2,818.37; and
the Nasdaq Composite lost 1.23% to 7,774.12.
Losses were somewhat offset by gains in
defensive sectors, including real estate and
utilities.
Tesla Inc stock fell 2.6% as the Securities
and Exchange Commission sent the company
subpoenas regarding chief executive officer
Elon Musk’s plan to go private, according to
Fox Business Network.
A m o n g ga i n e r s, Ca na d a - b a s e d
Canopy Growth soared by 30.4% following
Corona beer maker Constellation Brands’
announcement that it was upping its stake
in the cannabis producer. — Reuters

Nikkei 225 Shanghai Composite Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
24500 5800 27500 3900
2,705.19
-18.07
4825 (-0.66%)
20400 23025 3415
2,772.70
16300 3850 18550 2930
10,172.06 10,403.79
3,087.842
22,192.04
12200 -12.18 2875 14075 25,162.41 2445 3,359.08
(-0.06%) -137.51 -50.36
(-0.54%) (-1.48%)
8100 1900 9600 1960
Mar 1, 2010 Aug 16, 2018 Mar 1, 2010 Aug 16, 2018 Mar 1, 2010 Aug 15, 2018 Mar 1, 2010 Aug 15, 2018

Bursa Malaysia Equity Derivatives

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
Main Market & Ace Market Warrants HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.295 0.015 0.100 0.085 8524WB TALIWRK-WB 0.100 0.010 1598.5 1.130 1.700 59.29 11/11/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.070 0.005 0.005 0.005 0132WA TDEX-WA 0.005 Unch 1502.2 0.110 0.110 4.55 21/09/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.355 0.085 0.145 0.135 7200WA TEKSENG-WA 0.145 -0.010 84.6 0.300 0.250 31.67 29/01/2020
0.165 0.010 0.050 0.050 534743 TENAGA-C43 0.050 -0.005 125.2 15.740 16.000 4.19 28/09/2018
0.215 0.095 0.180 0.170 7084CK QL-CK 0.180 0.010 50 6.050 5.300 0.99 28/09/2018 0.210 0.040 0.185 0.150 534744 TENAGA-C44 0.160 -0.020 3197.2 15.740 16.000 5.21 31/01/2019
0.120 0.030 0.075 0.040 7498WB RALCO-WB 0.075 0.030 79.2 0.380 1.000 182.89 13/12/2019 0.180 0.095 0.170 0.170 534745 TENAGA-C45 0.170 -0.005 1143 15.740 15.500 9.28 28/12/2018
0.145 0.060 0.065 0.065 5256WA REACH-WA 0.065 Unch 746.2 0.250 0.750 226.00 12/08/2022 0.170 0.085 0.155 0.150 534746 TENAGA-C46 0.155 -0.005 282 15.739 15.000 5.15 31/01/2019
0.100 0.020 0.020 0.020 1066C7 RHBBANK-C7 0.020 -0.025 40.1 5.070 6.000 20.32 31/10/2018 0.400 0.105 0.140 0.140 7252WA TEOSENG-WA 0.140 -0.005 10 0.840 1.350 77.38 29/01/2020
0.265 0.100 0.115 0.100 1066C8 RHBBANK-C8 0.105 -0.010 541.2 5.070 5.300 10.75 28/02/2019 0.115 0.020 0.040 0.030 0145WA TFP-WA 0.035 Unch 837 0.140 0.100 -3.57 15/02/2019
0.165 0.110 0.115 0.110 1066C9 RHBBANK-C9 0.110 -0.010 225 5.070 5.500 19.33 31/01/2019 3.080 0.955 1.640 1.600 7034WA TGUAN-WA 1.600 0.020 35.8 3.030 1.500 2.31 09/10/2019
0.060 0.005 0.005 0.005 5270WA RSENA-WA 0.005 Unch 20 0.480 0.500 5.21 01/12/2023 0.365 0.025 0.175 0.170 7889WB THRIVEN-WB 0.175 Unch 760 0.440 0.640 85.23 05/10/2020
0.180 0.095 0.110 0.105 8567WB SALCON-WB 0.105 Unch 1727.1 0.295 0.300 37.29 19/07/2025 0.155 0.080 0.095 0.090 486325 TM-C25 0.090 -0.005 3743.6 3.540 4.000 24.44 31/01/2019
0.175 0.020 0.020 0.020 521859 SAPNRGC59 0.020 Unch 50 0.580 0.800 43.10 21/09/2018 0.230 0.145 0.150 0.145 486326 TM-C26 0.145 -0.010 40 3.540 3.500 15.25 30/01/2019
0.205 0.020 0.020 0.020 521860 SAPNRGC60 0.020 -0.005 210 0.580 0.800 41.38 31/10/2018 0.170 0.105 0.105 0.105 486327 TM-C27 0.105 -0.005 518.7 3.540 4.500 40.47 29/03/2019
0.225 0.065 0.075 0.075 521864 SAPNRGC64 0.075 -0.005 1363.2 0.580 0.500 12.07 31/10/2018 0.225 0.060 0.075 0.065 0101WB TMCLIFE-WB 0.065 -0.005 402.7 0.750 0.750 8.67 21/06/2019
0.055 0.020 0.020 0.020 521866 SAPNRGC66 0.020 Unch 615 0.580 1.200 115.52 21/12/2018 0.750 0.040 0.060 0.055 8397WC TNLOGIS-WC 0.055 -0.005 683 1.010 1.000 4.46 26/12/2018
0.090 0.055 0.055 0.055 521867 SAPNRGC67 0.055 Unch 2057.2 0.580 0.750 53.02 31/12/2018 0.485 0.255 0.285 0.275 7285WA TOMYPAK-WA 0.285 0.005 188 0.760 0.930 59.87 21/06/2021
0.315 0.090 0.170 0.155 5157WA SAUDEE-WA 0.155 -0.010 62 0.410 0.500 59.76 31/03/2021 0.385 0.120 0.120 0.120 711328 TOPGLOV-C28 0.120 -0.040 100 10.420 10.000 4.03 30/08/2018
0.020 0.005 0.005 0.005 0109WB SCBUILD-WB 0.005 -0.005 286.6 0.025 0.050 120.00 06/11/2019 0.570 0.135 0.270 0.265 711329 TOPGLOV-C29 0.265 -0.010 95 10.420 9.150 3.07 31/10/2018
0.600 0.130 0.200 0.200 7247WA SCGM-WA 0.200 Unch 10 1.660 3.960 150.60 31/07/2020 0.290 0.020 0.040 0.035 711331 TOPGLOV-C31 0.035 -0.010 912.6 10.420 10.500 3.45 12/09/2018
0.150 0.065 0.075 0.070 0161WA SCH-WA 0.075 0.005 6293.7 0.165 0.100 6.06 04/12/2021 0.530 0.190 0.435 0.435 711332 TOPGLOV-C32 0.435 -0.005 43 10.420 8.800 17.85 09/11/2018
0.200 0.035 0.085 0.080 4731CE SCIENTX-CE 0.080 -0.015 28 8.190 9.200 17.22 31/10/2018 0.405 0.105 0.205 0.200 711333 TOPGLOV-C33 0.205 -0.005 113.7 10.420 11.000 19.34 29/03/2019
0.125 0.025 0.030 0.025 7158WB SCOMI-WB 0.030 Unch 329.9 0.080 0.210 200.00 18/02/2023 0.250 0.070 0.145 0.145 711334 TOPGLOV-C34 0.145 0.010 40 10.420 12.000 29.08 31/01/2019
0.595 0.020 0.145 0.105 7073WB SEACERA-WB 0.110 -0.010 1644.6 0.475 0.930 118.95 29/05/2019 0.275 0.210 0.230 0.225 711335 TOPGLOV-C35 0.225 -0.010 204.8 10.420 12.200 34.36 30/01/2019
0.260 0.030 0.080 0.070 7073WC SEACERA-WC 0.075 -0.005 10291.5 0.475 1.000 126.32 21/01/2021 0.185 0.145 0.160 0.155 711336 TOPGLOV-C36 0.155 Unch 1350 10.420 13.000 42.61 27/02/2019
0.130 0.045 0.075 0.070 5279CK SERBADK-CK 0.070 -0.005 101.8 3.830 4.000 11.75 28/09/2018 0.140 0.100 0.115 0.110 711337 TOPGLOV-C37 0.110 -0.005 1105 10.420 11.000 21.40 28/02/2019
0.170 0.155 0.155 0.155 5279CN SERBADK-CN 0.155 -0.005 315.6 3.830 4.500 35.70 29/03/2019 0.190 0.165 0.185 0.185 711338 TOPGLOV-C38 0.185 -0.005 1000.2 10.420 12.300 32.25 18/02/2019
0.330 0.170 0.330 0.320 7180WA SERNKOU-WA 0.330 Unch 25 0.630 0.400 15.87 20/03/2023 0.240 0.120 0.125 0.120 711339 TOPGLOV-C39 0.120 -0.005 4016.7 10.420 12.880 39.73 28/02/2019
0.135 0.040 0.085 0.070 0055WA SERSOL-WA 0.070 0.010 1557.8 0.140 0.180 78.57 18/04/2023 0.060 0.010 0.015 0.010 0118WB TRIVE-WB 0.010 Unch 411.6 0.025 0.090 300.00 28/08/2020
0.350 0.150 0.280 0.270 7165WA SGB-WA 0.280 0.010 107.6 0.830 0.600 6.02 07/04/2021 0.125 0.015 0.065 0.060 7100CC UCHITEC-CC 0.060 0.015 303.8 3.300 3.300 5.45 28/09/2018
0.350 0.150 0.280 0.270 7165WA SGB-WA 0.280 0.010 107.6 0.830 0.600 6.02 07/04/2021 0.050 0.010 0.030 0.015 514859 UEMS-C59 0.030 Unch 500.9 0.930 0.980 13.44 18/10/2018
0.285 0.085 0.155 0.140 7246WA SIGN-WA 0.155 0.005 89.7 0.640 0.970 75.78 21/04/2021 0.120 0.020 0.085 0.070 514860 UEMS-C60 0.085 -0.010 205.4 0.930 0.970 13.44 31/01/2019
0.185 0.050 0.070 0.070 419723 SIME-C23 0.070 Unch 790 2.590 2.880 17.95 22/11/2018 0.150 0.065 0.115 0.115 514861 UEMS-C61 0.115 -0.015 40 0.930 0.800 10.75 30/01/2019
0.160 0.100 0.140 0.135 419724 SIME-C24 0.140 Unch 680 2.590 2.600 14.44 31/01/2019 0.155 0.085 0.135 0.135 514862 UEMS-C62 0.135 -0.010 299.8 0.930 0.800 15.05 27/02/2019
0.210 0.005 0.005 0.005 5288CA SIMEPROP-CA 0.005 Unch 190 0.437 1.450 234.10 30/08/2018 0.210 0.120 0.180 0.180 514863 UEMS-C63 0.180 -0.015 200 0.930 0.850 16.56 31/01/2019
0.160 0.120 0.125 0.120 5288CG SIMEPROP-CG 0.120 -0.015 230 1.270 1,280 100,70 29/03/2019 0.185 0.125 0.185 0.175 500510 UNISEM-C10 0.185 0.010 83.3 2.960 2.700 19.34 31/01/2019
0.125 0.100 0.100 0.100 5288CH SIMEPROP-CH 0.100 Unch 450 1.270 1.500 37.80 29/03/2019 0.210 0.170 0.210 0.205 500511 UNISEM-C11 0.210 0.010 20 2.960 2.500 12.84 29/03/2019
0.140 0.065 0.070 0.065 7155CL SKPRES-CL 0.065 -0.010 420 1.380 1.600 30.07 21/12/2018 0.150 0.105 0.150 0.140 500512 UNISEM-C12 0.150 0.015 2460 2.960 3.000 29.22 26/03/2019
0.205 0.045 0.075 0.065 0093WA SOLUTN-WA 0.070 0.005 1379.7 0.170 0.200 58.82 04/07/2021 0.090 0.005 0.015 0.015 5005C4 UNISEM-C4 0.015 0.010 50 2.960 3.200 10.14 03/09/2018
0.100 0.025 0.025 0.025 8664C6 SPSETIA-C6 0.025 -0.005 30 2.910 3.500 22.42 30/11/2018 0.065 0.005 0.020 0.015 5005C5 UNISEM-C5 0.020 0.005 350 2.960 3.150 9.12 12/09/2018
0.120 0.095 0.095 0.095 8664C8 SPSETIA-C8 0.095 -0.010 120 2.910 3.300 26.46 31/01/2019 0.100 0.010 0.090 0.075 5005C6 UNISEM-C6 0.085 0.010 70 2.960 3.000 14.27 28/09/2018
0.085 0.040 0.060 0.055 0129WA SRIDGE-WA 0.060 Unch 245.9 0.220 0.180 9.09 24/02/2023 0.280 0.130 0.280 0.245 5005C7 UNISEM-C7 0.270 0.020 3893.4 2.960 1.980 3.38 22/11/2018
0.060 0.015 0.040 0.025 7143WA STONE-WA 0.040 Unch 32.6 0.210 0.300 61.90 21/06/2020 0.180 0.095 0.180 0.160 5005C8 UNISEM-C8 0.180 0.020 1.6 2.960 2.500 11.82 30/11/2018
0.195 0.095 0.125 0.120 0080WA STRAITS-WA 0.125 -0.005 730.3 0.245 0.115 -2.04 10/08/2022 0.185 0.120 0.185 0.175 5005C9 UNISEM-C9 0.180 0.020 1120 2.960 2.400 8.45 30/01/2019
0.115 0.020 0.025 0.025 1201WA SUMATEC-WA 0.025 Unch 293 0.040 0.320 762.50 03/03/2021 0.100 0.005 0.005 0.005 524322 VELESTO-C22 0.005 Unch 500 0.285 0.370 32.46 12/09/2018
0.055 0.005 0.005 0.005 1201WB SUMATEC-WB 0.005 Unch 19.5 0.040 0.175 350.00 13/11/2018 0.270 0.090 0.120 0.115 5243WA VELESTO-WA 0.115 -0.005 916.4 0.285 0.395 78.95 18/10/2024
0.155 0.120 0.145 0.145 5263CS SUNCON-CS 0.145 Unch 15 2.020 2.000 20.54 27/02/2019 0.335 0.100 0.250 0.245 0120WB VIS-WB 0.245 -0.005 295.4 0.680 0.750 46.32 16/11/2022
0.460 0.140 0.175 0.175 3743WA SUNSURIA-WA 0.175 Unch 51.2 0.940 1.500 78.19 22/07/2020 0.305 0.100 0.285 0.270 0097CK VITROX-CK 0.280 -0.020 160.4 7.520 5.600 4.26 31/10/2018
0.735 0.305 0.375 0.370 5211WB SUNWAY-WB 0.370 -0.010 1178 1.550 1.860 43.87 03/10/2024 0.073 0.005 0.015 0.010 0069WC VIVOCOM-WC 0.015 Unch 510.1 0.035 0.100 228.57 22/01/2020
0.245 0.075 0.110 0.110 0148WA SUNZEN-WA 0.110 0.005 8 0.220 0.100 -4.55 14/04/2019 0.083 0.005 0.015 0.010 0069WD VIVOCOM-WD 0.015 Unch 220.5 0.035 0.100 228.57 08/07/2020
0.180 0.060 0.090 0.085 0148WB SUNZEN-WB 0.085 -0.005 119 0.220 0.250 52.27 25/02/2021 0.155 0.050 0.070 0.070 7070WC VIZIONE-WC 0.070 Unch 2799.9 0.135 0.100 25.93 05/02/2022
1.210 0.105 1.030 1.030 710634 SUPERMX-C34 1.030 Unch 20 4.180 2.150 0.72 31/10/2018 0.135 0.105 0.105 0.105 6963C3 VS-C3 0.105 Unch 20 1.620 1.550 15.12 30/01/2019
0.730 0.090 0.625 0.620 710635 SUPERMX-C35 0.620 -0.015 50 4.180 2.380 1.44 28/09/2018 1.248 0.185 0.355 0.340 6963WA VS-WA 0.345 -0.015 4382.3 1.620 1.320 2.78 06/01/2019
0.660 0.075 0.515 0.515 710638 SUPERMX-C38 0.515 -0.005 10 4.180 2.650 0.36 03/09/2018 0.120 0.060 0.080 0.075 967913 WCT-C13 0.080 Unch 615.4 0.965 0.880 16.06 13/12/2018
0.840 0.040 0.650 0.650 710640 SUPERMX-C40 0.650 -0.010 20 4.180 3.000 2.87 31/12/2018 0.130 0.005 0.020 0.015 9679C9 WCT-C9 0.020 Unch 374.4 0.965 1.200 28.50 18/10/2018
0.480 0.195 0.355 0.350 710643 SUPERMX-C43 0.350 -0.005 10.4 4.180 3.300 8.25 30/11/2018 0.345 0.065 0.170 0.160 9679WE WCT-WE 0.160 -0.010 2404.5 0.965 2.080 132.12 27/08/2020
0.420 0.145 0.295 0.285 710644 SUPERMX-C44 0.285 -0.015 90 4.180 3.900 13.76 21/12/2018 0.210 0.060 0.130 0.120 5246CW WPRTS-CW 0.125 -0.010 332.4 3.550 3.450 7.75 31/01/2019
0.455 0.215 0.320 0.310 710645 SUPERMX-C45 0.320 -0.010 361 4.180 3.350 6.94 13/12/2018 0.559 0.100 0.220 0.205 7245WA WZSATU-WA 0.205 -0.005 470.2 0.400 0.380 46.25 28/10/2024
0.295 0.200 0.210 0.210 710646 SUPERMX-C46 0.210 Unch 900 4.180 4.880 34.33 31/01/2019 0.020 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 Unch 215 0.045 0.100 133.33 22/03/2019
0.175 0.115 0.120 0.120 710647 SUPERMX-C47 0.120 -0.005 40 4.180 4.600 28.71 27/02/2019 0.170 0.060 0.060 0.060 7293CQ YINSON-CQ 0.060 Unch 11.8 4.550 4.300 -0.22 24/08/2018
0.185 0.125 0.140 0.130 710648 SUPERMX-C48 0.135 0.005 1280.8 4.180 4.500 23.80 30/04/2019 0.095 0.035 0.050 0.045 7020WB YKGI-WB 0.045 Unch 2297.8 0.230 0.500 136.96 28/05/2020
0.165 0.130 0.135 0.135 710649 SUPERMX-C49 0.135 Unch 430 4.180 5.000 34.15 18/02/2019 1.220 0.580 0.675 0.660 7066WA YONGTAI-WA 0.675 -0.010 255.2 1.110 0.500 5.86 24/06/2020
0.115 0.105 0.110 0.105 710650 SUPERMX-C50 0.105 -0.005 846.6 4.180 5.300 41.87 29/03/2019 0.235 0.005 0.060 0.060 467714 YTL-C14 0.060 -0.010 100 1.330 1.250 0.75 23/08/2018
0.230 0.115 0.125 0.115 7186WB SWSCAP-WB 0.125 -0.015 126.2 0.745 0.900 37.58 19/07/2023 0.250 0.030 0.215 0.205 467719 YTL-C19 0.215 -0.005 2.6 1.330 1.200 6.39 28/02/2019
0.155 0.025 0.080 0.050 7082WB SYF-WB 0.075 0.020 22576 0.370 0.700 109.46 11/11/2019 0.105 0.060 0.085 0.080 6742C3 YTLPOWR-C3 0.085 Unch 110 1.200 1.150 14.25 31/01/2019
0.280 0.070 0.080 0.075 1538WB SYMLIFE-WB 0.080 Unch 157.1 0.580 1.100 103.45 11/11/2020 0.050 0.005 0.015 0.005 2283WA ZELAN-WA 0.010 Unch 281.2 0.075 0.250 246.67 25/01/2019
0.145 0.035 0.085 0.085 8524CD TALIWRK-CD 0.085 Unch 382.6 1.130 0.950 6.64 28/09/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
 3 0 Markets FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on August 15, 2018) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Oil transit chokepoints
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE About half of the world’s oil production is moved by tankers on fixed maritime routes.
AEON CO. (M) (990,600) ABERDEEN ASSET MANAGERS LTD., UK 71,909,200 13/8 The blockage of a chokepoint, even temporarily, can lead to sustantial increases in
AEON CO. (M) 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 153,722,300 10/8 total energy costs. Oil transit chokepoints are therefore a critical part of global energy
AIRASIA GROUP 1,369,300 EMPLOYEES PROVIDENT FUND BOARD 173,581,349 10/8
ANALABS RESOURCES 202,000 KAN YOW KHEONG 32,859,452 15/8 security.
AWC 300,000 EMPLOYEES PROVIDENT FUND BOARD 17,116,400 10/8
AXIATA GROUP (8,543,376) EMPLOYEES PROVIDENT FUND BOARD 1,514,796,102 3, 6 TO 9/8
BUMI ARMADA 840,800 EMPLOYEES PROVIDENT FUND BOARD 439,288,230 7 & 8/8
CAPITALAND MALAYSIA 201,300 EMPLOYEES PROVIDENT FUND BOARD 221,005,500 10/8
MALL TRUST
CHIN HIN GROUP 611,600 DATUK SERI CHIAU BENG TEIK 333,717,600 14 & 15/8
DIALOG GROUP (712,000) EMPLOYEES PROVIDENT FUND BOARD 442,881,016 10/8
DIALOG GROUP 1,326,300 KUMPULAN WANG PERSARAAN 433,319,433 14/8
(DIPERBADANKAN)
DIGI.COM 667,500 EMPLOYEES PROVIDENT FUND BOARD 1,216,707,650 9 & 10/8
EURO (350,000) DATO’ SRI MOHD HANIFF ABD AZIZ 7,041,100 14/8
EUROSPAN 423,900 GUAN KOK BENG 21,785,100 14/8
GABUNGAN AQRS (250,000) KUMPULAN WANG PERSARAAN 26,770,300 14/8
(DIPERBADANKAN)
GAMUDA (247,300) EMPLOYEES PROVIDENT FUND BOARD 255,206,605 10/8
GLOBETRONICS TECHNOLOGY (776,500) EMPLOYEES PROVIDENT FUND BOARD 80,518,822 9 & 10/8
HARTALEGA (195,800) EMPLOYEES PROVIDENT FUND BOARD 235,935,000 10/8
IHH HEALTHCARE 1,178,200 EMPLOYEES PROVIDENT FUND BOARD 725,884,600 7 & 10/8
IMASPRO CORPORATION (1,398,600) YU KUAN CHON 14,859,804 13 & 14/8
INARI AMERTRON 500,000 EMPLOYEES PROVIDENT FUND BOARD 171,560,450 10/8
INARI AMERTRON (484,300) KUMPULAN WANG PERSARAAN 422,427,075 14/8
(DIPERBADANKAN)
IOI CORPORATION (334,500) EMPLOYEES PROVIDENT FUND BOARD 794,199,073 9 & 10/8
KPJ HEALTHCARE (3,697,800) EMPLOYEES PROVIDENT FUND BOARD 462,000,880 10/8
KUALA LUMPUR KEPONG (203,600) EMPLOYEES PROVIDENT FUND BOARD 122,107,687 7, 9 & 10/8
MAH SING GROUP (363,900) EMPLOYEES PROVIDENT FUND BOARD 214,831,271 13/8
MALAYAN BANKING (1,750,000) AMANAHRAYA TRUSTEES 3,726,944,047 13/8
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 1,457,800 EMPLOYEES PROVIDENT FUND BOARD 1,397,450,446 9 & 10/8
MALAYSIA AIRPORTS 4,878,600 EMPLOYEES PROVIDENT FUND BOARD 149,685,992 10/8
MAXIS 1,213,600 EMPLOYEES PROVIDENT FUND BOARD 926,196,514 9 & 10/8
MISC 984,900 EMPLOYEES PROVIDENT FUND BOARD 273,037,111 6 & 8/8
MRCB-QUILL REIT (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 79,475,100 10/8
OMESTI 320,000 MONTEIRO GERARD CLAIR 81,156,200 14/8
PAVILION REAL ESTATE 473,100 EMPLOYEES PROVIDENT FUND BOARD 153,836,303 10/8
INVESTMENT TRUST
PETRONAS CHEMICALS GROUP (460,200) EMPLOYEES PROVIDENT FUND BOARD 549,910,700 10/8
PPB GROUP 397,100 EMPLOYEES PROVIDENT FUND BOARD 172,432,230 7, 9 & 10/8
PUBLIC BANK (1,141,000) EMPLOYEES PROVIDENT FUND BOARD 494,842,200 10/8
QL RESOURCES (347,800) EMPLOYEES PROVIDENT FUND BOARD 81,377,677 9 & 10/8
SAPURA ENERGY 8,838,900 KUMPULAN WANG PERSARAAN 444,189,824 14/8
(DIPERBADANKAN)
SERBA DINAMIK 1,140,000 DATO DR IR MOHD ABDUL 340,407,800 14/8 Stocks closest to year high Stocks closest to year low
KARIM ABDULLAH
SIME DARBY 14,500,000 AMANAHRAYA TRUSTEES 2,821,128,600 9 & 10/8 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
- SKIM AMANAH SAHAM BUMIPUTERA
SIME DARBY (956,400) EMPLOYEES PROVIDENT FUND BOARD 696,157,543 9/8 ELSOFT 3.120 2.980 3.070 2332.5 SPSETIA-C6 0.025 0.025 0.025 30
SIME DARBY 5,771,300 KUMPULAN WANG PERSARAAN 404,550,249 10 & 13/8 HSI-H4J 1.210 1.190 1.190 15.1 POS-C21 0.105 0.105 0.105 46
(DIPERBADANKAN) HSI-H4N 2.110 2.110 2.110 0.5 BJCORP-C9 0.050 0.045 0.050 59
SIME DARBY PLANTATION (3,243,600) EMPLOYEES PROVIDENT FUND BOARD 953,477,531 10/8 UNISEM-C8 0.180 0.160 0.180 1.6 TM-C26 0.150 0.145 0.145 40
SUNWAY REAL ESTATE (1,579,800) AMANAHRAYA TRUSTEES 212,067,500 13/8
UNISEM-C12 0.150 0.140 0.150 2460 HIL-WB 0.260 0.180 0.225 1.3
INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA
SUNWAY REAL ESTATE 236,800 EMPLOYEES PROVIDENT FUND BOARD 416,402,100 7 & 10/8 UNISEM-C7 0.280 0.245 0.270 3893.4 GENTINGC54 0.075 0.070 0.070 30.8
INVESTMENT TRUST UNISEM-C9 0.185 0.175 0.180 1120 GENTINGC51 0.100 0.095 0.095 131.1
SUPERLON 240,600 KUMPULAN WANG PERSARAAN 16,841,700 14/8 HSI-H4F 1.640 1.640 1.640 10 AAX-C17 0.035 0.030 0.030 160
(DIPERBADANKAN) UNISEM-C10 0.185 0.175 0.185 83.3 MNRB 1.840 1.810 1.820 256.4
TA ENTERPRISE 2,500,000 DATUK TIAH THEE KIAN 590,436,300 15/8 GCB 2.280 2.150 2.220 3404.8 TOPGLOV-C28 0.120 0.120 0.120 100
TA WIN (578,000) ABERFORD INTERNATIONAL GROUP LTD., 13/8 HEKTAR 1.270 1.260 1.260 113.9 ARMADA-C43 0.100 0.095 0.095 1780
VIRGIN ISLANDS, BRITISH
HSI-H4R 1.200 1.200 1.200 1 ACOSTEC 0.350 0.335 0.350 30
TELEKOM MALAYSIA 511,700 EMPLOYEES PROVIDENT FUND BOARD 646,220,177 9 & 10/8
TENAGA NASIONAL (3,825,000) AMANAHRAYA TRUSTEES 480,641,900 13/8 UNISEM-C11 0.210 0.205 0.210 20 LAYHONG 0.720 0.670 0.685 10261.6
- SKIM AMANAH SAHAM BUMIPUTERA HARTA 6.900 6.770 6.780 3859.9 FGV-C42 0.015 0.015 0.015 40
TENAGA NASIONAL 5,003,800 EMPLOYEES PROVIDENT FUND BOARD 709,302,682 10/8 HSI-H4M 1.670 1.550 1.640 8.5 MBSB-C7 0.035 0.025 0.030 1557.7
TENAGA NASIONAL (249,200) KUMPULAN WANG PERSARAAN 332,997,225 14/8 HARTA-C14 0.260 0.245 0.250 66.8 SKPRES-CL 0.070 0.065 0.065 420
(DIPERBADANKAN) HSI-H4K 1.370 1.370 1.370 4 MAYBANKC38 0.070 0.060 0.070 375.7
TOP GLOVE CORPORATION (966,200) EMPLOYEES PROVIDENT FUND BOARD 87,902,961 10/8
HARTA-C11 0.170 0.160 0.160 579.2 GENM-C36 0.025 0.025 0.025 106.1
YNH PROPERTY (9,256,232) DATO DR YU KUAN CHON 139,750,313 15/8
HSI-H4T 1.110 1.030 1.060 150.8 GENTINGC52 0.135 0.130 0.130 360
YTL POWER INTERNATIONAL (1,299,300) EMPLOYEES PROVIDENT FUND BOARD 391,480,093 7 & 10/8
HSI-H4Q 1.010 0.935 0.970 452 HENGYUAN-C2 0.140 0.140 0.140 95.2
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
HSI-H4S 0.825 0.735 0.785 428.8 ARMADA-C42 0.055 0.050 0.050 1050
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia. Note: * denotes Ace Market HSI-H4L 1.960 1.850 1.850 32.5 HIBISCS-CD 0.015 0.015 0.015 20
HSI-H4P 0.840 0.750 0.795 209.3 BJLAND 0.245 0.240 0.240 1900.6
HSI-H4E 1.160 1.160 1.160 10 GOPENG 0.930 0.930 0.930 4.5
HSI-H4G 0.995 0.830 0.915 1090.3
Local event to watch out for today HSI-H4I 0.880 0.720 0.795 30494.6
SAM 7.850 7.670 7.670 250.6
HSI-H4O 0.680 0.580 0.620 22048.1
• Emico Holdings Bhd’s annual general meeting at Emico Holdings Bhd, conference CYMAO 0.410 0.385 0.390 49.8
room, Lebuhraya Kampung Jawa, Bayan Lepas, Penang. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.579 0.659 0.655 0.519 0.866 0.897 0.906 0.907 2.7053 4.540 55.094 4.319 2.419 9,621 46.199 73.012 5.568 35.195 2.398 2.470 6.063 21.902 5.170
EURO 1.726 1.137 1.130 0.896 1.495 1.549 1.565 1.565 4.6705 7.837 95.116 7.457 4.177 16,609 79.759 126.049 9.612 60.762 4.141 4.265 10.467 37.812 8.926
US $ 1.518 0.879 0.994 0.787 1.315 1.362 1.376 1.376 4.1070 6.892 83.640 6.557 3.673 14,605 70.136 110.841 8.452 53.431 3.641 3.750 9.204 33.250 7.849
SWISS FR 1.528 0.885 1.006 0.792 1.323 1.371 1.385 1.385 4.1330 6.935 84.169 6.599 3.696 14,698 70.580 111.543 8.506 53.770 3.664 3.774 9.263 33.460 7.899
STERLING £ 1.928 1.117 1.270 1.262 1.669 1.730 1.747 1.748 5.2155 8.752 106.215 8.327 4.664 18,547 89.066 140.758 10.734 67.853 4.624 4.763 11.689 42.224 9.967
CANADA $ 1.155 0.669 0.761 0.756 0.599 1.036 1.047 1.047 3.1241 5.242 63.623 4.988 2.794 11,110 53.351 84.314 6.430 40.644 2.770 2.853 7.002 25.292 5.971
BRUNEI $ 1.115 0.646 0.734 0.730 0.578 0.965 1.010 1.011 3.0156 5.060 61.413 4.815 2.697 10,724 51.498 81.386 6.206 39.232 2.674 2.754 6.758 24.414 5.763
SINGAPORE $ 1.103 0.639 0.727 0.722 0.572 0.955 0.990 1.000 2.9850 5.009 60.790 4.766 2.669 10,615 50.975 80.560 6.143 38.834 2.646 2.726 6.690 24.166 5.705
AUSTRALIA $ 1.103 0.639 0.727 0.722 0.572 0.955 0.990 1.000 2.9841 5.007 60.772 4.765 2.669 10,612 50.960 80.536 6.141 38.823 2.646 2.725 6.688 24.159 5.703
MALAYSIA RM 0.370 0.214 0.243 0.242 0.192 0.320 0.332 0.335 0.335 1.0000 1.678 20.365 1.597 0.894 3,556 17.077 26.988 2.058 13.010 0.887 0.913 2.241 8.096 1.911
100 CHINESE RMB 22.029 12.760 14.510 14.419 11.426 19.076 19.762 19.964 19.971 59.5940 1,214 95.151 53.294 211,927 1,017.692 1,608 122.647 775.307 52.834 54.420 133.559 482.468 113.892
100 BANGLAD’H TAKA 1.815 1.051 1.196 1.188 0.941 1.572 1.628 1.645 1.646 4.9103 8.240 7.840 4.391 17,462 83.854 132.522 10.106 63.883 4.353 4.484 11.005 39.754 9.384
100 DANISH KRONER 23.151 13.410 15.250 15.154 12.009 20.048 20.769 20.982 20.988 62.6310 105.10 1,275 56.010 222,728 1,069.55 1,690 128.90 814.82 55.53 57.19 140.37 507.06 119.70
100 UAE DIRHAM 41.334 23.942 27.227 27.056 21.440 35.793 37.081 37.461 37.473 111.8220 187.64 2,277 178.54 397,660 1,910 3,018 230.13 1,455 99.14 102.11 250.61 905.30 213.71
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.009 0.009 0.009 0.0281 0.047 0.573 0.045 0.025 0.480 0.759 0.058 0.366 0.025 0.026 0.063 0.228 0.054
100 INDIA RUPEE 2.165 1.254 1.426 1.417 1.123 1.874 1.942 1.962 1.962 5.8558 9.826 119.255 9.350 5.237 20,824 158.038 12.051 76.183 5.192 5.347 13.124 47.408 11.191
100 JAPAN YEN 1.370 0.793 0.902 0.897 0.710 1.186 1.229 1.241 1.242 3.7053 6.218 75.459 5.916 3.314 13,177 63.276 7.626 48.205 3.285 3.384 8.304 29.998 7.081
100 NORWEGIAN KRONER 17.961 10.404 11.831 11.757 9.316 15.553 16.113 16.278 16.283 48.5900 81.535 990 77.581 43.453 172,795 829.776 1,311 632.147 43.078 44.371 108.897 393.381 92.862
100 PHILIPPINE PESO 2.841 1.646 1.872 1.860 1.474 2.460 2.549 2.575 2.576 7.6865 12.898 156.537 12.273 6.874 27,335 131.263 207.446 15.819 6.815 7.019 17.227 62.229 14.690
100 QATAR RIYAL 41.694 24.151 27.464 27.291 21.627 36.105 37.404 37.787 37.799 112.7956 189.273 2,297 180.095 100.871 401,122 1,926 3,044 232.137 1,467 103.002 252.792 913.184 215.567
100 SAUDI RIYAL 40.479 23.447 26.664 26.496 20.997 35.053 36.314 36.686 36.697 109.5083 183.757 2,230 174.847 97.931 389,432 1,870 2,955 225.372 1,425 97.086 245.424 886.570 209.284
100 SWEDISH KRONOR 16.494 9.554 10.864 10.796 8.555 14.283 14.796 14.948 14.953 44.6200 74.873 908.695 71.243 39.903 158,677 761.980 1,204 91.830 580.498 39.558 40.746 361.240 85.275
100 THAI BAHT 4.566 2.645 3.008 2.989 2.368 3.954 4.096 4.138 4.139 12.3519 20.727 251.549 19.722 11.046 43,926 210.934 333.358 25.421 160.696 10.951 11.279 27.682 23.606
100 HK$ 19.342 11.203 12.740 12.660 10.033 16.749 17.351 17.529 17.535 52.3251 87.803 1,065.611 83.545 46.793 186,078 893.560 1,412 107.687 680.740 46.389 47.782 117.268 423.620
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
FRIDAY AU G U S T 17, 20 1 8 • 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 EURO Klibor
Index points Open Interest Index points Euro/USD Implied interest rate (%)
18.00 -5.00
1980 1,776.00 90000 1.58 4.5
(-6.00) (-1.00) 3.73
(Unch)
1785 68000 4.75 1.44
3.5
1.1368
1590 46000 -8.50 1.30 (+0.0025)

2.5
1395 24000 -21.75 1.16

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 Aug 16, 2018 Jan 4, 2010 Aug 16, 2018 Jan 2, 2006 Aug 16, 2018 Oct 1, 2000 Aug 16, 2018

FBM KLCI futures end lower FBM KLCI futures Euro rebounds from Klibor
with weaker cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
13½-month lows MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures (FKLI) contracts on FBMKLCI 1,777.27 -8.67 107.25M The euro recovered yesterday from its weakest SEP8 96.27 — — —
OCT8 96.27 — — —
Bursa Malaysia Derivatives ended lower AUG 18 1,776.00 -6.00 6,062 26,603 948 since late June 2017 and the US dollar fell DEC8 96.27 — — —
yesterday in line with the weaker underlying SEP 18 1,770.50 -8.00 334 2,076 333
after news that a Chinese delegation will MAR9 96.22 — — —
DEC 18 1,769.00 -5.50 100 453 -1
cash market. MAR 19 1,765.00 -7.50 68 197 -2
travel to the US for trade talks, with investors JUN9 96.22 — — —
Spot month August 2018 fell six points to TOTAL buying back into currencies hit hard in the SEP9 96.22 — — —
6,564 29,329 1,278
DEC9 96.22 — — —
1,776; September 2018 eased eight points to recent sell-off. MAR0 96.22 — — —
1,770.5; December 2018 slipped 5.5 points FUTURES
AUG/SEP
ROLL OVER BID
-4.5
OFFER
-5.0
CLOSE
-5.0
Many emerging market currencies also JUN0 96.22 — — —
to 1,769; and distant month March 2019 rose, clawing back some of Wednesday’s SEP0 96.22 — — —
shed 7.5 points to 1,765. Turnover, however, FUTURES FAIR VALUE losses thanks to easing fears over the knock- DEC0 96.22 — — —
MAR1 96.22 — — —
reduced to 6,564 lots from 7,083 lots on CONTRACT
AUG 18
DAYS TO EXPIRY
15
KLIBOR DIVIDEND FAIR VALUE
2.35 0.22 2.13
on effects from a slide in the Turkish lira. JUN1 96.22 — — —
Wednesday while open interest widened to SEP 18 44 7.22 12.67 -5.45 Global equity markets were mixed, SEP1 96.22 — — —
29,329 contracts versus 28,810 contracts. ROLL’S FAIR -7.58 however, underlining how nervous investors DEC1 96.22 — — —
The underlying benchmark FBM KLCI remain. MAR2 96.22 — — —
JUN2 96.22 — — —
finished 8.67 lower at 1,777.27. “That China and the US are beginning
SEP2 96.22 — — —
Most Southeast Asian stock markets to talk again is supporting the market,” said DEC2 96.22 — — —
tracked broader Asia to end lower yesterday, Commerzbank currencies strategist Thu MAR3 96.22 — — —
as Turkey’s currency woes and concerns of Lan Nguyen. “As the [Turkish] lira did not JUN3 96.22 — — —
slowing economic growth in China weighed Around the region, MSCI’s Asia ex-Japan depreciate further, that has taken out some JAN-00 — — — —
TOTAL 0 0
on investor risk appetite. stock index was weaker by 0.34%. — Agencies tension from the market.” — 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
US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 200000 6400 0.700 155.00

1660 1,181.70
3450 152500 5075 0.2834 0.525 121.25 (+3.50)
(RM2,564/tonne) 65.14
(+0.13) 1340
2700 105000 3750 0.350 87.50

1950 53.75 1020

2,222 57500 2425 0.175
(+6) 2,222
1200 (+6) 700
10000 20.00
1100 0.000
Jan 6, 2008 Aug 16, 2018 Apr 10, 2007 Aug 16, 2018 Aug 31, 2008 Aug 16, 2018
Jan 6, 2008 Aug 16, 2018

Palm oil rises, market still CPO futures Oil edges up, darker demand Commodities

bearish due to trade concerns CONTRACT

SEP-18
LAST
2,191
CHANGE
11
VOLUME
1,072
OPEN CHANGE IN
INTEREST OPEN INTEREST
8537 1,072
outlook tempers gains AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,222 6
RUBBER SEN/KG MRB 543.50 -1.50
OCT-18 2,204 9 9,927 46350 5,793
Malaysian palm oil futures reversed early Oil edged higher as global markets steadied CORN USC/BSH CBOT 364.50 3.00
NOV-18 2,222 6 19,051 72456 18,869
SOYBEANS USC/BSH CBOT 873.25 15.75
losses to end higher yesterday due to short DEC-18 2,253 4 5,222 33157 5,143 yesterday, recouping some of the previous
WHEAT USC/BSH CBOT 539.00 6.75
covering, though traders said market JAN-19 2,292 4 4,582 27124 4,568 day’s 2% slide, though a weakening outlook LIVE CATTLE USC/IBS CME 109.00 0.28
sentiment was still bearish on trade and CPO FUTURES CPO/SOYOIL for crude demand kept prices in check. COCOA US$/TON NYBOT 2,156 16
currency concerns. INDICATIVE ROLL-OVER FUTURES BASIS (USD) The oil market had felt the effects on COFFEE USC/IBS NYBOT 106.35 0.35
SEP/OCT -13 CURRENT -74.29
The benchmark palm oil contract for SEP/NOV -31 3 MONTHS AVERAGE -72.71
Wednesday of a large build in US inventories SUGAR USC/IBS NYBOT 11.19 0.06
November delivery on Bursa Malaysia SEP/DEC that added to concern over the outlook for COTTON USC/IBS NYC 81.51 0.47
-62 6 MONTHS AVERAGE -85.37
Derivatives was up 0.3% or RM6 to RM2,222 OCT/NOV -18 fuel demand while crude was also swept METAL & PRECIOUS METALS
TIN US$/TON KLTM 18,600 -500
a tonne at the end of the trading day. SGS & ITS EXPORT ESTIMATES (TONNES) lower by broader selling of industrial COPPER USC/IBS CMX 2.6195 0.0515
“We’re seeing some short covering, SHIPMENT DAYS JUN’18 JUL’18 AUG’18 commodities such as copper. GOLD US$/TROY OZ CMX 1,181.70 3.50
though the market is still bearish on trade 1 - 10TH DAYS 334/325 257/278 288/299 China and the US have implemented PLATINUM US$/TROY OZ NYMEX 784.70 12.80
concerns,” said a Kuala Lumpur-based 1 - 15TH DAYS 498/500 455/487 404/416
several rounds of tit-for-tat trade tariffs and PALLADIUM US$/TROY OZ NYMEX 864.20 28.90
futures trader, referring to the ongoing 11 -- 20TH DAYS
25TH DAYS
670/690
862/860
692/681
911/903
—/—
—/—
threatened further duties on exports worth SILVER USC/TROY OZ CMX 14.63 0.18
US-China trade dispute, adding though FULL MONTH hundreds of billions of US dollars, which ALUMINIUM RMB/TON SHF 14,505 -165
1,059/1,073 1,059/1,031 —/—
ZINC RMB/TON SHF 19,665 -765
that China seeking negotiations with the MALAYSIAN PALM OIL BOARD could knock global economic growth.
US could ease jitters. APR’18 MAY’18 JUN’18 JUL’18 International benchmark Brent crude ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 65.14 0.13
China said yesterday it would hold a PRODUCTION 1,558 1,525 1,332 1,503 oil futures were at US$71.13 a barrel, up 37 HEATING OIL USC/GAL NYMEX 2.1007 0.0062
fresh round of trade talks with the US in EXPORTSTOCKS
1,541
2,174
1,290
2,170
1,129
2,187
1,206
2,215
US cents, while US West Texas Intermediate NATURAL GAS US$/MMBTU NYMEX 2.948 0.000
Washington later this month, offering hope crude futures rose 13 US cents to US$65.14. BRENT CRUDE US$/BBL ICE 71.13 0.37
MPOB palm oil physical
for progress in resolving a conflict that has — Reuters GAS OIL US$/TON ICE 642.25 5.50
set world markets on edge. (IN RM/TON) JUL’18 AUG’18 SEP’18

Traders, however, are still concerned that CPO DELD

PK EX-MILL
2,161.50 NO TRADE NO TRADE
1,875.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
palm oil exports will be affected by sliding CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
emerging-market currencies, as reduced RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
purchasing power cuts into imports into RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
countries like Turkey and India. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 404.50 1475 543.50
(-5.00)
Malaysia’s palm oil shipments in the MPOB FFB REF PRICE (MILL GATE PRICE) (-1.50)

first half of August fell from a month earlier, REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
cargo surveyor data showed. NORTH 20.00% 466 19.00% 445 18.00% 424
Inspection company AmSpec Agri SOUTH 20.00% 473 19.00% 452 18.00% 430
500 625
Malaysia reported a 14.6% decline and CENTRAL 20.00% 472 19.00% 451 18.00% 429
Societe Generale de Surveillance an 11.1% EAST COAST 20.00% 468 19.00% 447 18.00% 426 300 200
SABAH 22.00% 454 21.00% 434 20.00% 415 Jan 7, 2007 Aug 16, 2018 Jan 7, 2007 Aug 16, 2018
fall. — Reuters SARAWAK 22.00% 459 21.00% 440 20.00% 420
 Markets
32 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI 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 ROUNDUP 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 . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9
RESEARCH: TAI TS [tai@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 1,777.27 8.67 FBM ACE 5,523.04 11.92 FTSTI 3,211.93 22.19 NIKKEI 22,192.04 12.18 HANG SENG 27,100.06 223.53 DOW JONES 25,162.41 137.51

A single lie destroys a whole reputation Market movers

for integrity. — Baltasar Gracian
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 ASB 65,974.5 0.005 3.03 0.170 — 1.52
('000) (%) (RM) (RM) (RM) (RM) AHB 40,918.0 0.030 16.67 0.210 2.27 0.00
Index point
1783.0 ASB 65,975 3.03 0.005 0.170 0.185 0.160 HSI-C3P 38,516.7 -0.015 -3.90 0.370 — 0.00
1781.3 1,777.27 AHB 40,918 16.67 0.030 0.210 0.255 0.185 HSI-C3S 36,352.1 -0.005 -1.52 0.325 — 0.00
1779.6 KL Composite Index (-8.67) HSI-C3P 38,517 -7.50 -0.030 0.370 0.410 0.335 EFORCE-WA 34,494.9 -0.005 -1.11 0.445 — 0.00
1777.9 HSI-C3S 36,352 -4.41 -0.015 0.325 0.360 0.290 HSI-C3O 32,532.4 -0.010 -3.64 0.265 — 0.00
1776.2 EFORCE-WA 34,495 -1.11 -0.005 0.445 0.465 0.435 HSI-H4I 30,494.6 0.025 3.25 0.795 — 0.00
HSI-C3O 32,532 -7.02 -0.020 0.265 0.295 0.235 NOVAMSC 29,295.7 -0.005 -2.78 0.175 — 0.00
1774.5
HSI-H4I 30,495 5.30 0.040 0.795 0.880 0.720 MRCB 28,633.4 -0.025 -2.91 0.835 13.50 2.03
1772.8 KLCI futures 1,776.00 ICON 26,258 6.67 0.010 0.160 0.165 0.150 SAPNRG 27,561.8 -0.005 -0.85 0.580 — 1.71
1771.1 (-6.00)
HSI-C3R 25,895 -6.82 -0.015 0.205 0.225 0.180 QES 26,798.4 0.010 4.26 0.245 9.48 0.00
1769.4 SYF-WB 22,576 36.36 0.020 0.075 0.080 0.050 ICON 26,258.1 0.010 6.67 0.160 — 0.00
1767.7 HSI-H4O 22,048 3.33 0.020 0.620 0.680 0.580 HSI-C3R 25,895.1 UNCH UNCH 0.205 — 0.00
1766.0 SKH 13,718 7.14 0.005 0.075 0.080 0.075 EVERGRN 25,511.4 0.020 3.39 0.610 12.14 2.34
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
MUIIND 13,630 2.56 0.005 0.200 0.210 0.190 SYF-WB 22,576.0 0.020 36.36 0.075 — 0.00
SERSOL 12,921 12.00 0.015 0.140 0.170 0.125 HSI-H4O 22,048.1 0.010 1.64 0.620 — 0.00
Daily FBM KLCI MKLAND 12,574 6.12 0.015 0.260 0.280 0.250 MYEG 21,813.2 0.020 1.67 1.220 18.90 1.42
CONNECT 11,201 7.41 0.010 0.145 0.170 0.135 FPGROUP 21,642.1 0.005 1.32 0.385 1.15 2.63
EURO 20,871.5 -0.010 -4.55 0.210 — 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
FRONTKN 20,361.0 -0.015 -1.97 0.745 21.29 0.66
traded for a particular counter on the previous trading day is more than triple the average volume for the
last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
KL Composite Index Moving average - 20-day market expectations for these counters.
2030.0
Top gainers and losers (ranked by RM)
1,777.27
UP
Malaysian stocks close
(-8.67) CHANGE
CLOSE (RM)
DOWN CHANGE
1727.5 CLOSE (RM)

1,779.62
lower on profit-taking NESTLE
MPI
147.000
11.800
0.900
0.460
BAT
HEIM
35.340
22.120
-0.660
-0.320
1425.0 UTDPLT 27.400 0.360 PETGAS 18.380 -0.280
HSI-H4F 1.640 0.310 HLFG 17.900 -0.220
KUALA LUMPUR: Malaysian stocks swung back into the red AIRPORT 9.350 0.210 KLK 24.580 -0.220
1122.5 yesterday, wiping out gains made over the last two days as HSI-H4E 1.160 0.175 SCIENTX 8.190 -0.210
investors cashed in on profits. JFTECH 0.925 0.155 CHINTEK 7.200 -0.200
820.0 The benchmark FBM KLCI traded in negative territory HSI-H4N 2.110 0.150 WARISAN 2.100 -0.200
throughout the day to close down 8.67 points or 0.48% at UCHITEC 3.300 0.150 PMETAL-WC 4.250 -0.160
Jan 2, 2008 Aug 16, 2018
HSI-H4R 1.200 0.140 VITROX 7.520 -0.130
1,777.27 points. Market breadth was negative with 515 losers
DKLS 1.810 0.140 QUALITY 0.755 -0.125
900 and 290 gainers. HENGYUAN 7.290 0.130 GENP-WA 1.670 -0.120
600
A total of 2.11 billion worth of shares were traded for
RM1.91 billion compared with 2.4 billion shares worth Top gainers and losers (ranked by percentage)
300 RM2.03 billion on Wednesday.

 
According to Hong Leong Investment Bank head of retail UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
0
research Loui Low, investors in index-linked counters are
FBM KLCI futures likely to stay in profit-taking mode amid uncertainty over UNISEM-C4 0.015 200.00 RHBBANK-C7 0.020 -55.56
RALCO-WB 0.075 66.67 GENM-C36 0.025 -54.55
CONTRACT SETTLEMENT CHANGE HIGH LOW
Turkey’s economy and the US-China trade war fears.
SYF-WB 0.075 36.36 SCBUILD-WB 0.005 -50.00
AUG 18 1,776.00 -6.00 1,778.00 1,766.50 However, he noted that beneficiaries of the weaker PAOS-WA 0.095 35.71 FBMKLCI-C3R 0.005 -50.00
SEP 18 1,770.50 -8.00 1,773.00 1,763.00 ringgit, which has fallen in line with other emerging market ASIAPLY-WA 0.040 33.33 MRCB-C28 0.005 -50.00
DEC 18 1,769.00 -5.50 1,769.50 1,761.00
currencies, include export-driven counters such as Unisem ASIAPLY-WB 0.040 33.33 CMSB-C10 0.015 -40.00
(M) Bhd, which has seen a slight uptick in its share price. UNISEM-C5 0.020 33.33 GENM-C33 0.010 -33.33
FBM KLCI sensitivity* Although the trade war between China and the US may UCHITEC-CC 0.060 33.33 BRIGHT-WB 0.020 -33.33

KLCI CHANGE CLOSE VOLUME affect these export-driven companies in the long term, Low BTM-WA 0.045 28.57 FBMKLCI-H4R 0.165 -29.79
POINTS (RM) (RM) ('000) AIRPORT-CY 0.075 25.00 HSI-C3G 0.100 -25.93
MALAYSIA AIRPORT 0.55 0.210 9.350 7622.4
said they could see improvements in earnings in the near ECONBHD-CM 0.050 25.00 MISC-C17 0.030 -25.00
GENTING -0.37 -0.060 8.550 6526.8 term as long as the US dollar continues to strengthen. IREKA-WB 0.075 25.00 HIBISCS-CD 0.015 -25.00
K.LUMPUR KEPONG -0.37 -0.220 24.580 162.0 Advance Synergy Bhd, AHB Holdings Bhd and Nova
RHB BANK -0.38 -0.060 5.070 6284.4 MSC Bhd were the most actively traded counters on Bursa Top gainers and losers - warrants (ranked by percentage)
IHH HEALTHCARE -0.39 -0.030 5.430 7624.9 Malaysia yesterday, while British American Tobacco
HONG LEONG FINANCIAL -0.40 -0.220 17.900 259.1 UP CHANGE DOWN CHANGE
GENTING MALAYSIA -0.47 -0.050 5.050 2877.0
(Malaysia) Bhd, Heineken Malaysia Bhd and Petronas Gas CLOSE (%) CLOSE (%)
MISC -0.50 -0.070 6.000 2138.7 Bhd led decliners. — by Samantha Ho UNISEM-C4 0.015 200.00 RHBBANK-C7 0.020 -55.56
IOI CORP -0.60 -0.060 4.530 2658.5
World equity indices RALCO-WB 0.075 66.67 GENM-C36 0.025 -54.55
DIGI.COM -0.62 -0.050 4.520 2651.4 SYF-WB 0.075 36.36 SCBUILD-WB 0.005 -50.00
TENAGA NASIONAL -0.72 -0.080 15.740 7986.8 CLOSE CHANGE CLOSE CHANGE PAOS-WA 0.095 35.71 FBMKLCI-C3R 0.005 -50.00
PRESS METAL -0.74 -0.120 4.670 2714.8
DOW JONES 25,162.41 -137.51 INDONESIA 5,783.80 -32.79 ASIAPLY-WA 0.040 33.33 MRCB-C28 0.005 -50.00
PETRONAS CHEMICAL -0.76 -0.060 9.240 10944.3
S&P 500 2,818.37 -21.59 JAPAN 22,192.04 -12.18 ASIAPLY-WB 0.040 33.33 CMSB-C10 0.015 -40.00
PETRONAS GAS -0.88 -0.280 18.380 782.9
NASDAQ 100 7,354.66 -92.51 KOREA 2,240.80 -18.11 UNISEM-C5 0.020 33.33 GENM-C33 0.010 -33.33
MAXIS BERHAD -1.00 -0.080 5.660 740.9
FTSE 100 7,497.87 -113.77 PHILIPPINES 7,517.36 -23.56 UCHITEC-CC 0.060 33.33 BRIGHT-WB 0.020 -33.33
AXIATA GROUP -1.30 -0.090 4.290 3173.7
AUSTRALIA 6,328.30 -0.70 SINGAPORE 3,211.93 -22.19 BTM-WA 0.045 28.57 FBMKLCI-H4R 0.165 -29.79
SUB-TOTAL -8.96
CHINA 2,705.19 -18.07 TAIWAN 10,683.90 -32.85 AIRPORT-CY 0.075 25.00 HSI-C3G 0.100 -25.93
OTHERS 0.29
HONG KONG 27,100.06 -223.53 THAILAND 1,680.96 4.67 ECONBHD-CM 0.050 25.00 MISC-C17 0.030 -25.00
GRAND TOTAL -8.67
INDIA 37,663.56 -188.44 VIETNAM 964.28 2.91 IREKA-WB 0.075 25.00 HIBISCS-CD 0.015 -25.00
* How stock price changes affected the index on the previous trading day

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EP 2 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
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NEWS HIGHLIGHTS from www.EdgeProp.my
Family scammed
in affordable
housing racket
A family of three were scammed out
of more than RM620,000 by a syn-
dicate claiming to be able to assist
them in buying three semi-detached
houses developed by Selangor State
Development Corp (PKNS).
Teh Kang Huat, Oh Ngan Mooi
and Annie Teh lost RM159,031,
RM325,721 and RM137,400, respec-
tively, through several payments
made through bank transfers and
cash to the alleged scammers —
Low Fook On, Low’s wife Lim Lay Bee,
and Parimala Damarajahu.
They realised it was a scam when
they discovered that their names
were not registered in the PKNS sys-
tem as the homeowners on May 2016.
The victims reported their case to
the police when they failed to con-
tact Low, Lim, and Parimala.
However, no action has been tak-
en by the authorities so far.
SST waiver on
construction
materials, services
alone won’t bring
down home prices
While some building materials will
be exempted from the soon-to-be
implemented Sales and Services Tax
(SST), house prices may not come
down, due to the increase in oth-
er cost components, said Deputy
Housing and Local Government
(KPKT) Minister Datuk Raja Kamarul
Bahrin Shah.
trending
now
LAUNCHES + EVENTS
A Chocolate & Coffee Fest
Date: Aug 18 (Sat)
Time: 10am to 3pm
Venue: Celebration Centre,
Persiaran Sunsuria, Bandar
Sunsuria, Sepang
Contact: (03) 6145 7777
Awaken your senses with the
aroma and taste of coffee,
while delighting in a variety
of chocolates at the launch of
Sunsuria City’s Monet Garden and
Monet Springtime show units.
Launch of Rentak Perdana
Date: Aug 18 & 19 (Sat & Sun)
Time: 10am to 5pm
Venue: LBS Alam Perdana (Show
Gallery), Persiaran Alam Perdana,
Bandar Puncak Alam, Selangor
Contact: (1700) 81 7978
KL to attempt Unesco World
Heritage site status
Kuala Lumpur has the potential to
qualify as a Unesco World Heritage
site listing.
Deputy Tourism, Arts and Cul-
ture Minister Muhammad Bakhtiar
Wan Chik said a task force would
be set up, to study ways to enhance
Kuala Lumpur’s appeal for the Un-
esco recognition.
The task force would comprise of-
ficers from Kuala Lumpur City Hall
“Cement, [bricks]
and steel will be
exempted from SST
and I was asked, by
how many percent
the house prices
would come down
yesterday.
“But this is impossible for me to
answer because although we are
lowering the prices for these ma-
terials, the cost [of building homes]
can be increased by the rising cost
of other components, such as land
prices, development charges and
compliance cost,” he told report-
ers after the official launch of the
MY.HSE: The Malaysian Future
Housing Case Studies at Damansara
City Mall on Aug 13.
Malaysian Institute of Architects
If you have any real estate-related events, email us at editor@edgeprop.my.
LBS Bina Group Bhd will
be launching the latest
landed residential project
dubbed Rentak Perdana in
its Alam Perdana township
development this weekend.
Coffee tasting workshop
Date: Aug 19 (Sun)
Time: 11am to 4pm
Venue: IOI Galleria @ IOI Resort
City, Lebuh IRC, IOI Resort,
IOI Resort City, Putrajaya
Contact: (03) 8947 8899
Hosted by IOI Properties Group,
this coffee tasting workshop will
tell you everything you need
to know about your favourite
brew. Call to RSVP now.
Setia EcoHill 2
town park opening
Date: Aug 19 (Sun)
Time: 9am to 6pm
Venue: South Creek, Setia
EcoHill 2, Semenyih, Selangor
Contact: (03) 8724 2255
Thinking of a place for some fun
(DBKL), National Heritage Depart-
ment, Federal Territories Ministry and
Tourism, Arts and Culture Ministry.
“Kuala Lumpur no doubt has a
lot of potential for the Unesco list-
ing but there are many elements
that are ‘disturbing’ the landscape
of the city,” he said.
“It is still in the early stages and
we need time to study the work and
process required.”
(PAM) president Ar. Ezumi Harzani
Ismail, who was also present at the
event, noted that construction costs
usually only account for 30% of the
overall building cost, while the re-
maining 70% are derived from land
and compliance costs.
ECRL’s opex
will be RM600m
to RM1b a year,
says Guan Eng
The RM81 billion East Coast Rail
Link (ECRL) would incur an annual
operational expenditure (opex) of
RM600 million to RM1 billion if the
project is executed, said Finance
Minister Lim Guan Eng.
The project, tasked to China
Communications Construction Co,
How do I get past issues of this weekly pullout?
Go to www.EdgeProp.my to download for free
Events listed here will also appear on www.EdgeProp.my.
with the family this weekend?
Why not head over to South
Creek, the town park of Setia
EcoHill 2? In conjunction with
the park’s opening, there will
be exciting activities such
as giant kite-flying, pony
rides and food trucks.
MetCon workout 5.0
Date: Aug 19 (Sun)
Time: 7.30am to 10am
Venue: Tropicana Metropark
Property Gallery, No.1,
has been suspended and is under
review.
“The opex for the project is very
high. The government cannot af-
ford it.
“Let’s not talk about the capi-
tal expenditure of the project as we
can’t even afford the opex which is
between RM600 million and RM1
billion a year. This is a huge burden
for Malaysia,” he added.
Hence the need to review the
project, he said in reply to a question
in Parliament on the status of the
review and discussion with China.
Lim said the discussion with Chi-
nese parties following the Council
of Eminent Persons head Tun Daim
Zainuddin’s recent visit to China is
showing results.
Penangites urged
to move off the
island to reduce
pollution woes
State executive councillor in charge
of the environment, Phee Boon Poh
said Penang is encouraging families
to resettle in sparsely populated
townships off the mainland, to re-
duce pollution.
The townships suggested are
Batu Kawan, Kepala Batas and Nib-
ong Tebal, said Phee in a report in a
local English daily.
Climate change has caused
Penang to experience record levels
of rainfalls, floods, landslides and
severe storms.
“We and the rest of the world
should have been better prepared.
Dire warnings were issued by scien-
tists at the Earth Summit in Rio de
Janeiro in 1992. We chose to ignore
and now we have to seriously look
into it,” he said.
Urbanised areas within George
Town, Balik Pulau, Butterworth, and
Bukit Mertajam are not equipped
to handle the full force of a strike
from mother nature, he added.
Jalan Delima 1/1, Subang
Jaya, Selangor
Contact: (03) 5636 6888
Have you tried MetCon, or
metabolic conditioning? Join
Tropicana Corp for an active
MetCon workout at Tropicana
Metropark to learn more
about these fast paced, high
intensity workouts that are
completed within a short
period of time. Breakfast will be
provided. Fee: RM10. Whatsapp
012 6671616 to register.
SkyMeridien
Seafood Fiesta
Date: Aug 19 (Sun)
Time: 10am to 4pm
Venue: SkyWorld Gallery @
Sentul, Jalan 1/48a, Bandar
Baru Sentul, Kuala Lumpur
Contact: (03) 9212 3050
Enjoy fresh and yummy seafood,
free of cutlery, by Shell Out with
SkyWorld Development Group.
Also available are free financial
status check-ups. Call to RSVP.
EP 4 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
COVER STORY
The Cradleton
terraced homes
in Eco Majestic,
Semenyih, is
an example of
a landed strata
development.
Clearing
the air on
STRATA
LANDED
SCHEMES
B Y N ATA L IE KHOO
M
alaysians are beginning
to get used to living in
high-rises, especially
city dwellers. Whether
by choice, or not, many
are becoming more
equipped with the dos and don’ts of living
within the strata community of condomini-
ums and apartments. Less familiar are stra-
ta landed residential schemes that are now
sprouting in new township developments.
By definition, a strata scheme is a prop-
erty development which divides buildings
or land into parcels, boxes and accessory
parcels and common property under a man-
agement system. Examples include flats,
apartments, condominiums, townhouses
and landed houses in gated communities.
“Previously, landed strata developments
used to refer more commonly to townhous-
es and cluster houses. Nowadays, they may
include terraced, semidee and detached
houses within gated-and-guarded schemes,
targeting the mid to upper income popula-
tion segment,” says Malaysian Institute of
Property and Facility Managers (MIPFM)
president Sarkunan Subramaniam.
He cites Desa ParkCity in Kepong, which
was launched in 2000, as one of the most
successful landed strata developments. The
473-acre multiple-award winning township
development supported by commercial,
institutional and recreational components
started the trend in community lifestyle liv-
ing, he says.
Why are landed strata
developments sprouting?
In recent years, many property developers
have forayed into gated-and-guarded landed
strata developments, as they resonate with
discerning homebuyers who seek safety and
security, social status, and lifestyle facilities,
says Sarkunan.
“The demand for gated-and-guarded
communities is on the rise, mainly due
to security concerns,” he stresses, citing
Cradleton @ Eco Majestic by EcoWorld
Development Group Bhd, The Glades by
Sime Darby, Marvelane Homes by the Lake
by Marvelane Sdn Bhd, and Armada Villa
by Faber Group as examples of strata land-
ed homes.
“The security system controls accessibility
by visitors and the public. This provides cer-
tain tiers of protection and serenity,” he says.
Burgess Rawson Malaysia managing di-
rector Wong Kok Soo says although it may be
costly to own strata landed homes, they give
peace of mind to well-to-do homeowners as
PICTURES BY LOW YEN YEING | EdgeProp.my
they feel safe within such strata schemes.
Besides, developers often incorporate
lifestyle living into gated-and-guarded com-
munity schemes such as jogging tracks, gar-
dens and clubhouse facilities. Sarkunan:
Landed strata developments provide high- The demand
rise lifestyle facilities without compromising for gated-
the advantages of living in landed abodes, and-guarded
says Sarkunan. communities
“One of the advantages of living in a stra- is on the rise,
ta-titled development is the facilities that mainly due
it provides. Occupants usually get to en- to security
joy common facilities such as a gym and concerns.
swimming pool within walking distance
without having to maintain these facilities
themselves.
“With the aid of a Management Corpo-
ration (MC), these common facilities and
residents’ interests are protected,” Sarkunan Wong: Strata
highlights. living in
Wong concurs, explaining that landed Malaysia is
homes with separate individual land titles still a learning
that have their own boom gates set up by process for
homeowners are not regulated under the locals, as well
law to enable them to self-manage and col- as foreign
lect maintenance charges. In contrast, the property
land parcels with strata titles are protected owners.
and governed by the Strata Management Act
(SMA) 2013 and Strata Titles Act (STA) 1985. preference of the modern society.
“The contribution to charges and sinking “Landed strata developments are built
fund by all parcel owners in a strata scheme based on the ideology of a gated-and-guard-
are mandatory under the SMA 2013. Fur- ed development with security and exclusiv-
thermore, the Act provides an avenue for ity in mind.
the parcel owners to resolve their disputes “The concept of gated-and-guarded com-
through the Commissioner of Buildings and munities, or GACOS under land title devel-
the Strata Management Tribunal,” says Wong. opments, gained demand and popularity in
Sarkunan adds that with rising concerns the late 1990s. They were regulated by deed of
over convenience, lifestyle and security, mutual covenants (DMC) (entered between
landed strata developments fit the evolving developer and first purchaser), constitution
FR IDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
The differences between owning a
landed and a non-landed strata scheme
Based on SMA 2013 and Strata Titles Act 1985 (STA 1985)
LANDED (LAND PARCEL
OF STRATA SCHEMES)
1. Share unit is based on the
land area of the parcel and
its accessory parcels.
2. The building is private property
that has to be maintained by the
owner. This includes the roof,
external walls and building
facade including repainting.
3. The onus to get fire insurance
coverage for the property is on
the parcel owner.
of society/memorandum of association
(upon formation of Residents’ Association
(RA) or homeowners’ company), before the
STA amendment 2007 took place.
“STA amendment 2007 allowed the land
parcels to be regulated under SMA 2013
which is statutorily enforceable,” Sarkunan
explains.
As such, under a strata scheme, devel-
opers have more flexibility in designing
development layouts and regulate them for
sustainability.
The challenges
Sarkunan notes that not many purchasers
are well-versed with the STA provisions
especially when it comes to land parcels.
Most of them do not realise their respective
properties are governed by the STA/SMA.
“They tend to forget that they have pur-
chased a land parcel, not a ‘landed property’.
Land parcels are regulated under SMA (in
the Third Schedule) and it carries restric-
tions on renovation works. An owner cannot
change the facade of the building without
prior approval from the MC. Facade includes
external windows, balconies, terraces, open
areas, and all other visible parts of the build-
ing. In short, you cannot even change your
compound’s main gate without approval.
Developer specifications are usually for a
5-ft steel gate and a solid timber door.
“For those who have paid a huge premi-
um for corner units – expanding your parcel
to accommodate more floor area is a no-no.
This sometimes causes furore among those
who don’t understand the concept. Forth-
right information by the developers at first
disposal is vital here,” Sarkunan stresses.
According to Wong, many strata land par-
cel owners expect the management body to
maintain and repair their roofs, to repaint
their building facades and to insure their
buildings against damage by fire although
they are not entitled to such benefits under
the SMA.
The terraced homes
in Taman Impian 2,
Cheras are in a
non-strata landed
development. The
residents here
have the option to
form a residents’
association.
NON-LANDED (SUBDIVIDED BUILDING
OR BUILDING PARCEL)
Share unit is based on the built-up area
of the parcel and its accessory parcels.
The management body maintains the common
property, comprising the roof, external
walls, building facade and common areas
using the common funds in the maintenance
account and the sinking fund account.
The onus to get fire insurance coverage for
the entire subdivided building including
the individual building parcels is on the
management body.
SOURCE: WONG KOK SOO OF BURGESS RAWSON MALAYSIA
Similarity
Both pay charges and sinking
fund contributions for the
management and maintenance of
common properties in the strata
scheme pursuant to the Strata
Management Act 2013 (SMA 2013).
Civic consciousness lacking
“Strata living in Malaysia is still a learning
process for locals, as well as foreign prop-
erty owners such as the many Chinese
nationals and Middle Eastern purchas-
ers who buy into the strata schemes.
The majority do not know the SMA, and
even if they know something of the Act,
they still prefer to do as they like. This is
probably due to the lack of enforcement
by the authorities,” Wong says.
He also points out that in such communi-
ty living, there is certainly a need for parcel
owners to be civic-conscious and to be con-
siderate of their neighbours and other par-
cel owners. Sadly, this aspect is still lacking
in most strata communities in the country.
“Every parcel owner has to be cooperative
and supportive of his or her management
body and its appointed management agent
in order to ensure the success of his or her
strata scheme. This aspect is found to be
lacking in most strata schemes due to self-
ish attitudes, different interests and vested
interests of the parcel owners, particularly
in mixed-use strata schemes,” Wong says.
Nevertheless, managing strata landed
developments is generally easier than strata
non-landed developments, especially the
physical aspects.
Landed developments are quite straight-
forward as they comprise less mechanical,
electrical, and vertical services such as lifts,
plumbing, fire system and telecommuni-
cations. Moreover, there are no inter-floor
leakage issues and no common insurance
requirements for landed homes.
Nevertheless, Sarkunan says it entails a
lot more owner education of the dos and
don’ts. It is also important to create com-
munity bonding to raise awareness of their
common ownership.
“The most common misconception is
that ‘the house/property is mine. I can
do what I want/like’, including renovating,
extending, painting the exterior, planting
trees, having parties, and other things that
they would be able to do in a non-strata
landed home.
“Many homeowners do not realise that
Pros and cons of owning a landed
strata development
PROS
1. A Management Corporation (MC)
will be formed to protect and
prioritise the residents’ interest.
2. The internal service roads and
infrastructure will not be surrendered
to the government and will remain the
property of the MC. Roads, back lanes,
clubhouse and the rest of the facilities are
part of the common areas and belong to
the MC. Every owner has equitable rights.
3. Management and maintenance
of the common areas can be
conducted in a timely manner.
4. Gated-and-guarded developments provide
a sense of community and security.
5. Residents enjoy exclusive use of the
common areas and facilities.
6. Residents have access to a variety of
lifestyle and recreational facilities.
7. Landed strata developments often form part
of a township that provides amenities such
as parks, commercial centres and schools.
8. Property values are protected with
effective management and maintenance.
9. It is statutorily regulated under SMA 2013.
Disputes can be brought to a tribunal or
civil court for deliberation or determination.
10. Unlike gated non-strata housing areas,
owners cannot get away with not paying
the maintenance fees as it is mandatory for
every owner of a strata land parcel to do so.
living in a landed strata is very much like
living in a condominium, where many ac-
tivities/actions are bound by regulations,”
Sarkunan explains.
Payment of service charges may also be
misunderstood. The share unit for landed
strata is derived from the land parcel size
whereby the end lots and corner lots usu-
ally pay higher service charges because of
their bigger land sizes, even though the
building size is typically the same as inter-
mediate units.
According to Sarkunan, some corner lots
come with huge plots of land and when the
purchaser cannot do any extension, it may
become extremely frustrating to the indi-
vidual owner.
“Although the SMA allows flexibility to
the MC to make additional by-laws per-
taining to renovations (which requires
approval by way of special resolution at a
general meeting), the rule of passing and
implementation is subject to receiving 75%
of votes from those who attend the meeting,
upon establishment of a quorum. So it will
EP 5
COVER STORY
PATRICK GOH | THE EDGE
Desa ParkCity in
Kepong launched
in 2000 is one of
the most successful
strata landed
developments.
CONS
1. Owners have to pay maintenance
fees to cover security and
maintenance of common
facilities such as roads,
drainage and clubhouse.
2. Funds may not be sufficient
especially when some owners
refuse to pay maintenance fees, and
this may lead to rundown common
infrastructure and facilities.
3. If some owners refuse to comply,
the MC has to resort to legal action,
which will incur legal costs to be
borne by the management fund.
4. Owners have to pay for the
maintenance of the common
facilities even though they may
not use the said facilities.
5. The management has the right
to disallow any renovation
works being done to the
SOURCE: MIPFM PRESIDENT SARKUNAN SUBRAMANIAM
facade of the building or any
extension of the building (deed
of mutual covenants).
6. Corner lot/end lot owners are
unlikely to be able to carry
out any extensions for the
premium they have paid.
7. Maintenance costs can be high.
Landed strata has relatively
larger development footprint and
housekeeping cost can be higher
as more manpower is required for
gardening, cleaning, security, etc.
not be easy, for instance, for the end/cor-
ner lot purchasers to receive approval from
fellow purchasers, if the majority of those
who attend the meeting are intermediate
unit owners,” Sarkunan adds.
At the end of the day, it boils down to
educating homeowners on what strata
living entails. Secondly, it requires com-
petent property managers who can foster a
community spirit among the residents and
homeowners.
“This can be fostered through activities
that encourage togetherness. It becomes a
nightmare when they come from different
socioeconomic backgrounds or cultures and
cannot grasp the concept of togetherness,”
says Sarkunan.
As for Wong, he believes that one will
always have to be tolerant, civic-minded
and considerate of each other, when living
within a strata scheme community. Each
homeowner also has to take responsibil-
ity for his or her own parcel, and also the
common property which he or she has joint
ownership of with all parcel owners.
EP 6 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

N EWS

Vienna replaces Melbourne as

the most liveable city in the world
B Y R AC HE L CHE W cities are two in Japan — Osaka in the past year. Improvements
in 3rd place and Tokyo in joint were recorded across all five The ten most liveable cities
KUALA LUMPUR: Vienna, the 7th with Toronto. categories measured — infra-
COUNTRY CITY RANK OVERALL STABILITY HEALTH- CULTURE & EDUCATION INFRA-
capital of Austria, has replaced “Osaka stands out especial- structure, stability, education, RATING* CARE ENVIRONMENT STRUCTURE
Melbourne, Australia as the ly, having climbed six positions, healthcare, and culture and Austria Vienna 1 99.1 100.0 100.0 96.3 100.0 100.0
most liveable city in the world to third place, over the past six environment Australia Melbourne 2 98.4 95.0 100.0 98.6 100.0 100.0
in 2018. Melbourne was “de- months, closing the gap with EIU also highlighted that Japan Osaka 3 97.7 100.0 100.0 93.5 100.0 96.4
throned” to second place af- Melbourne. Osaka’s improve- stability has significantly in- Canada Calgary 4 97.5 100.0 100.0 90.0 100.0 100.0
ter seven consecutive years ments in scores for quality and creased by 2.5% overall. Australia Sydney 5 97.4 95.0 100.0 94.4 100.0 100.0
at the top. availability of public transpor- “This trend reflects positive Canada Vancouver 6 97.3 95.0 100.0 100.0 100.0 92.9
The Economist Intelligence tation, as well as a consistent developments in this category, Canada Toronto 7 97.2 100.0 100.0 97.2 100.0 89.3

* 100 = IDEAL
Japan Tokyo 7 97.2 100.0 100.0 94.4 100.0 92.9
Unit’s (EIU) Global Liveability decline in crime rates, have despite threats of terrorism and
Denmark Copenhagen 9 96.8 95.0 95.8 95.4 100.0 100.0
Index 2018 ranked 140 cities contributed to higher ratings unrest that cities around the
Australia Adelaide 10 96.6 95.0 100.0 94.2 100.0 96.4
globally. in the infrastructure and sta- world continue to grapple with.
“Vienna has succeeded in bility categories respectively,” Only 10 cities have registered a
displacing Melbourne from the EIU said. decline in their liveability rat- The ten least liveable cities
top spot, ending a record seven The rest of the three top- ings over the past six months, COUNTRY CITY RANK OVERALL STABILITY HEALTH- CULTURE & EDUCATION INFRA-
RATING* CARE ENVIRONMENT STRUCTURE
consecutive years at the head ranked cities are all in Canada largely reflecting an impact on
Senegal Dakar 131 48.3 50.0 41.7 59.7 50.0 37.5
of the survey for the Australian — Toronto (joint 7th with cultural and environmental Algeria Algiers 132 44.1 50.0 45.8 45.4 50.0 30.4
city,” the research and analy- Tokyo), Calgary (4th) and Van- indicators,” the report showed. Cameroon Douala 133 44.0 60.0 25.0 48.4 33.3 42.9
sis division of The Economist couver (6th). Of the poorer-scoring cities, Libya Tripoli 134 42.9 45.0 41.7 40.3 50.0 41.1
Group said in its overview of EIU highlighted that the 11 occupy the very bottom tier Zimbabwe Harare 135 42.6 40.0 20.8 58.6 66.7 35.7
this year’s rankings. ranking movements do not of liveability, where ratings fall P. New Guinea Port Moresby 136 41.0 30.0 37.5 47.0 50.0 46.4
The EIU noted that although necessarily arise from a below 50% and most aspects of Pakistan Karachi 137 40.9 20.0 45.8 38.7 66.7 51.8
both Melbourne and Vienna change in liveability in the living are severely restricted. Nigeria Lagos 138 38.5 20.0 37.5 53.5 33.3 46.4
have registered improvements cities themselves, but reflect Damascus, Syria has seen Bangladesh Dhaka 139 38.0 50.0 29.2 40.5 41.7 26.8
in liveability over the last six how cities compare with one a stabilisation in its dramatic Syria Damascus 140 30.7 20.0 29.2 40.5 33.3 32.1
months, Vienna’s rise in rat- another. decline in liveability but re-
ings especially in the stability For example, although four mains ranked at the bottom yȈʤljƹȈǼǼljɰɽȈȴɥɨɁʤljɨɰӯȢƃɰɽˎʤljʰljƃɨɰӰ
category had been enough for cities have fallen from the top of the 140 cities surveyed, with CITY COUNTRY RANK (OUT OF 140) OVERALL RATING FIVE YEAR MOVEMENT %
the city to overtake Melbourne. ten over the past year — Auck- a liveability score that is 7.3% (100=IDEAL)

The two cities are now sep- land (from 8th to 12th), Perth lower than the second low- Abidjan Cote d’Ivoire 124 52.2 6.3
Hanoi Vietnam 107 59.7 5.5
arated by 0.7 of a percentage (from 7th to 14th), Helsinki est-ranking city in the survey,
Belgrade Serbia 82 72.2 5
point, with Vienna scoring a (from 9th to 16th) and Ham- Dhaka in Bangladesh.
Tehran Iran 128 50.8 5
near-ideal 99.1 out of 100 and burg (from 10th to 18th) — “The relatively small num-
Ho Chi Minh City Vietnam 116 57.1 4.4
Melbourne scoring 98.4. none of these have seen a fall ber of cities in the bottom tier
Two other top-ranked Aus- in their overall scores during of liveability partly reflects the
tralian cities were Sydney (5th) this period. intended scope of the rank- yȈʤljƹȈǼǼljɰɽǁljƺȢȈȶljɨɰӯȢƃɰɽˎʤljʰljƃɨɰӰ
and Adelaide (10th), while only ing — the survey is designed
one other European city made Overall rise in to address a range of cities or
CITY COUNTRY RANK (OUT OF 140) OVERALL RATING
(100=IDEAL)
FIVE YEAR MOVEMENT %

the top ten namely Copenha- liveability across business centres that people Kiev Ukraine 118 56.6 -12.6
gen in Denmark taking 9th all cities might want to live in or visit. San Juan Puerto Rico 89 69.8 -8.9
Damascus Syria 140 30.7 -7.7
place, after its score increased The rankings also showed that For example, the survey does
Caracas Venezuela 126 51.3 -5.1
by 3.3 percentage points from overall liveability across all cit- not include locations such as
Asuncion Paraguay 102 64.3 -4.5
the last survey cycle. ies surveyed increased by 0.7% Kabul in Afghanistan or Bagh-
Also among the top-ranked in the past six months and 0.9% dad in Iraq,” EIU said.
SOURCE: THE ECONOMIST INTELLIGENCE UNIT LIMITED 2018

CIDB chairman: Quality neglected in public housing

B Y S H AW N N G
KUALA LUMPUR: The construction quality
of public housing is often neglected, owing
to the demand for such homes which leave
buyers with no choice but to take what they
are offered, said Construction Industry De-
velopment Board (CIDB) chairman Tan Sri
Ahmad Tajuddin Ali.
In his speech at the Quality Assessment
System in Construction (QLASSIC) Day 2018
yesterday, he said that out of 237 projects
that achieved QLASSIC scores of above 70%
last year, only about 4% are public housing
projects.
“The drive [for public housing developers]
to build quality homes is not there,” he said.
“So, I urge the public sector, especial-
ly those who are delivering medium-cost
homes to adopt [QLASSIC] to ensure the
quality of their projects. Sometimes people
are concerned that it will cost a lot if they
apply QLASSIC. But I can say that the cost
of no quality is even bigger, apart from the
reputation of the builder,” he added.
Works Minister Baru Bian, who officiated
the event, told reporters that participation
of the public sector in QLASSIC should be
increased.
“The QLASSIC issue is very important as
the world is going into the Industrial Rev-
olution 4.0, which is a technology-driven
principal.
“I will try to get QLASSIC into the policies
under my ministry, which means we will
introduce this system in our housing and
infrastructure projects,” he said.
He added that this will reassure the pub-
lic that the homes built by the public sector
are of good quality.
CIDB chief executive Datuk Ahmad ‘Asri
Abdul Hamid said that there is a proposal by
the Works Ministry to apply a pilot QLASSIC
system for roadworks, to assess the building
quality of the Pan Borneo Highway.
“There are different standards for housing
and infrastructure projects. For houses, we
use the CIS (Construction Industry Stand-
ard) 7 while roadworks are assessesed using
the CIS 19, which is just completed and we
are planning to do a pilot.
“The Works Minister mentioned a propos-
al of applying the CIS 19 pilot project on the
Pan Borneo Highway,” he told reporters at a
media conference after the event.
The potentially higher cost is a concern
for industry players that results in a low
adoption rate of the QLASSIC system in the
country, although the number of applications
has been on the rise since 2007, said UiTM
faculty of architecture planning and survey-
ing associate professor Dr Fadzil Hassan.
However, a study by the university re-
vealed that the cost increase in projects ap-
plying QLASSIC is estimated to be a minimal
rate of less than 3%, he said.
“But there were less than 2% to 3% of to-
tal projects which participated in QLASSIC
last year,” he said.
Fadzil was one of the speakers at the
event with his talk entitled “Learning from
Best Practice QLASSIC Implementation in
Construction Projects”.
Based on statistics from CIDB, there were
341 projects assessed with QLASSIC in 2017,
compared with 311 projects in 2016 and 60
in 2007.
To promote the adoption of QLASSIC,
CIDB has inked a memorandum of under-
standing (MoU) with Bank Pembangunan
Malaysia Bhd (BPMB).
Under the MoU, the future infrastructure
projects financed by BPMB will undergo
QLASSIC assessment while CIDB will pro-
vide training for staff of the bank.
Also present at the signing ceremony
were BPMB chairman Tan Sri Wan Abdul
Aziz Wan Abdullah and chief financial of-
ficer and acting operating officer Afidah
Mohd Ghazali.
This article first appeared on EdgeProp.my
FR IDAY AU G U S T 17, 20 1 8 • T HEED G E FINA NCIA L DA ILY
Strata retail elements to boost
commercial vitality in Seremban 2
BY TA N AI LE N G
T
he 3,800-acre Serem-
ban 2 master-planned
development south of
the border in Negeri
Sembilan is in for a
boost in commercial
vitality, as developer IJM Land
Bhd will be introducing the first
strata retail shop development
with a lifestyle concept in the 22
year-old township.
The upcoming project to be
launched in 1Q19 is called Grand
Central. The development will be
located on a 26.8-acre freehold plot
close to Mydin Hypermarket and
will be developed in three phases
over the next five to seven years.
“We plan to make it the commer-
cial business district of Seremban
2. It will consist of retail, shopping
mall, healthcare, convention centre
and serviced apartments,” IJM Land
senior general manager (central
region) Datuk Hoo Kim See told
EdgeProp.my.
Phase 1, which carries an esti-
mated GDV of RM110 million, con-
sists of 156 units of 3-storey lifestyle
strata shop office units measuring
24ft by 80ft and 24ft by 70ft, or a
built-up size of around 5,500 sq ft.
The selling price will be determined
at a later stage.
“We are still fine-tuning the
plans for the second and third phas-
es. We will unveil the details after
we have launched the first phase,”
said Hoo.
He highlighted that the strata
shop concept in the heart of the
township will enable the developer
or property manager to inject live-
liness to the common areas, with
themed or festive decorations, and
fun activities to attract the crowd
to Grand Central.
He pointed out that existing shop
offices in Seremban 2 have enjoyed
strong demand due to the town-
ship’s growing population. They
Airbnb to launch more home-sharing buildings
BY OL I V I A Z A L E SKI
SAN FRANCISCO: Airbnb Inc is set
to debut another almost-hotel —
and, according to its development
partner, it has many more to come.
The latest project for the Silicon
Valley home-rental behemoth is
a branded apartment complex in
Nashville, Tennessee.
The property will be the com-
pany’s second announced Airb-
nb-branded building, and will lease
apartments to a hybrid of long-term
renters and short-term visitors.
The new project is a takeover of
an existing 328-unit building, called
IJM LAND
Hoo: Grand Central will develop
into the commercial business
district of Seremban 2.
also serve the needs of neighbour-
ing towns and residential areas such
as Bahau, Sendayan, Seremban
and Lukut.
Seremban 2’s current popula-
tion is close to 65,000 people and
rising, with many young families.
The strong demand for the shop
offices is reflected in the price trend.
For instance, a 3-storey shop office
which was sold at RM700,000 in
early 2010, is now asking for RM1.5
million.
The 2-storey shop offices close
to Mydin Hypermarket fetched a
price of RM1.2 million last year,
from RM400,000 seven years ago.
Seremban 2 was a joint venture
between IJM Land and the Negeri
Sembilan state government. The
2,300-acre satellite city has been
enlarged with the addition of the
1,500-acre Seremban 2 Heights
in 2009.
Hoo revealed that the proposed
Grand Central site is one of the
few remaining commercial plots
in Seremban 2.
“As its young population grows,
consumers will have different re-
tail demands. Starbucks couldn’t
survive 10 years ago but now is a
popular hangout place for young-
sters. We need to offer something
different, creating a lifestyle place
with ambience within a safe envi-
ronment,” he explained.
the Olmsted, in the SoBro neigh-
bourhood of downtown Nashville,
a popular tourist destination for
music lovers and bachelor parties.
Airbnb’s partner Niido purchased
the building last week.
Under Niido’s new ownership,
current residents of The Olmsted
will be encouraged to sublet their
units to Airbnb travelers for a max-
imum of 180 days per year.
Airbnb and Niido will take 25%
of the income the residents gen-
erate from home-sharing. The
two companies will jointly rent a
portion of the remaining vacant
units through Airbnb’s platform
More launches this year
Prior to Phase 1 launch of Grand
Central, IJM Land will be rolling
out three residential projects with
a total estimated GDV of RM188
million in Seremban 2, in the sec-
ond half of this year.
The 16-storey Safira Apartment,
to be launched in 3Q18, will offer
242 freehold apartment units with
a built-up area of 873 sq ft. It carries
an estimated GDV of RM75 million
with selling prices ranging between
RM280,000 and RM320,000.
Slated for launch in Septem-
ber is Ara Impian, which has an
estimated GDV of RM56 million.
It comprises 119 units of freehold
2-storey link houses measuring 20ft
by 65ft with a built-up size of 1,688
sq ft and prices from RM450,000.
In 4Q18, landed housing pro-
ject Rimbun Alam will be unveiled
in Seremban 2 Heights. With an
estimated GDV of RM57 million,
Rimbun Alam will offer 102 units
for short-term stays.
The concept, called “Niido Pow-
ered by Airbnb,” is part of a larger
push by Airbnb to team up with real
estate developers and facility man-
agers, a group that has frequently
argued that the home-sharing com-
pany enables renters to illegally
sublet their apartments.
In December, Brookfield Prop-
erty Partners LP agreed to invest as
much as US$200 million (RM821
million) into Niido’s efforts to turn
residential apartment buildings
into Airbnb-branded complexes.
By the end of 2019, Airbnb and
Niido will open as many as 14
The current population is close to
of 2-storey link houses measuring
20ft by 70ft or a built-up of 2,224
sq ft with indicative selling prices
starting from RM560,000.
“Seremban 2 has been gaining
buyers’ attention for its matured
infrastructure development, varied
amenities as well as good connec-
tivity and accessibility.
“We are targeting young home-
buyers in their late 20s and early
30s,” said Hoo.
Currently, Seremban 2 is left
with just a few plots of residential
land, parts of which will be used for
Safira Apartment and Ara Impian,
while Seremban 2 Heights has ap-
proximately 400 acres of untouched
raw land that will be developed in
the coming years.
“Moving forward, we are look-
ing at offering something different,
such as smart homes with Inter-
net-of-Things features to meet the
needs of young buyers who are
IT-savvy and who are looking for
Airbnb-branded complexes across
the country, said Cindy Diffenderf-
er, co-founder and chief marketing
officer for Niido Powered by Airb-
nb. “We have a pretty aggressive
growth strategy,” Diffenderfer said.
A representative for Niido said
the plans could change. Airbnb
declined to comment.
As part of a push to broaden its
appeal to more up-scale clientele,
Airbnb has added more hotels and
hotel-like listings under the label
Airbnb Plus.
Those sites get regular visits from
an inspector to confirm towels are
fresh, sheets are matching and that
EP 7
F E ATU R E
LOW YEN YEING | EdgeProp.my
An aerial view of Seremban 2.
65,000 people and rising.
homes with facilities that can in-
corporate their gadgets at home,”
he added.
Hoo highlighted the company’s
emphasis on infrastructure devel-
opment, including fibre optics in-
frastructure to provide a good foun-
dation for the incorporation of smart
home features in future projects.
“Technology is evolving. Smart
homes will be a new trend where a
house will have the basic facility,
such as a control panel, to enable
the homeowner to integrate all the
gadgets in the house,” he explained.
In March 2018, IJM Land launch-
ed Rimbun Ara, a cyber home pro-
ject with smart features. Over 65%
of the units were taken up within
five months.
“Properties in Seremban 2 have
always been in demand and hous-
ing price growth have been resil-
ient, supported by owner occupiers
who choose to grow their families
here,” he said.
appliances commonly found in
hotels, including hair dryers and
irons, are stocked.
Working in partnership with real
estate developers like Niido will
help Airbnb offer a more hotel-like
experience while operating out of
homes and apartments.
Not all residents are thrilled
about their new neighbours, how-
ever. Earlier this year, Niido and
Airbnb revealed a conversion of a
324-unit complex in Kissimmee,
Florida.
That prompted some residents
to claim that they “didn’t agree to
live in a hotel”. — Bloomberg
EP 8 FR I DAY AU G U ST 17, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

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LIDM01012752 LIDM01012754 LIDM01012755 LIDM01006712

RM1,330,000 RM820,000 RM640,000 RM1,800,000

Kiaramas Cendana, Pinnacle, Solaris Dutamas, Kiaramas Danai,
Mont’Kiara, Kuala Lumpur Petaling Jaya, Selangor Dutamas, Kuala Lumpur Mont Kiara, Kuala Lumpur
Type: Condominium Tenure: Freehold Type: Ofące Tenure: Leasehold Type: Ofące Tenure: Freehold Type: Condominium Tenure: Freehold
Built-up: 1,839 sq ft Bedrooms: 3 Built-up: 828 sq ft Built-up: 640 sq ft Built-up: 2,055 sq ft Bedrooms: 4
Bathrooms: 3 Bathrooms: 5

Yeap Yew Foong (PEA1643) Yeap Yew Foong (PEA1643) Yeap Yew Foong (PEA1643) Kevin Teh (REN 02206)
FORTRESS REAL ESTATE SDN BHD FORTRESS REAL ESTATE SDN BHD FORTRESS REAL ESTATE SDN BHD PROPSTAR REALTY
(E (1) 1761) (E (1) 1761) (E (1) 1761) (E (3) 1591)
+6016 738 9620 +6016 738 9620 +6016 738 9620 +6013 555 7333

LIDM01003911 LIDN01275953 LIDM01006994 LIDM1014636

RM980,000 RM1,750,000 RM675,000 RM11,900,000

Cascadium, Damansara City Residency, Taman Mastiara, The Residence, Mont Kiara,
Bangsar, Kuala Lumpur Damansara, Kuala Lumpur Jalan Ipoh, Kuala Lumpur Kuala Lumpur
Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced House Tenure: Leasehold Type: Bungalow Tenure: Freehold
Built-up: 1,088 sq ft Bedrooms: 2 Built-up: 1,200 sq ft Bedrooms: 2 Built-up: 1,200 sq ft Land size: 900 sq ft Built-up: 7,500 sq ft Land size: 9,700 sq ft
Bathrooms: 2 Bathroom: 1 Bedrooms: 4 Bathrooms: 3 Bedrooms: 6 Bathrooms: 6

Kevin Teh (REN 02206) Kevin Teh (REN 02206) Adan Soh (REN 06916) Rosli Ghazali (REN 24107)
PROPSTAR REALTY PROPSTAR REALTY VIVAHOMES REALTY SDN BHD ESPRIT ESTATE AGENT SDN BHD
(E (3) 1591) (E (3) 1591) (E (1) 1670/1) (E (1) 1448)
+6013 555 7333 +6013 555 7333 +6013 272 8668 +6013 393 7332

LIDM01012710 LIDM01007655 LIDM01012709 LIDM01001885

RM1,280,000 RM2,300,000 RM4,600/mth RM789,000

Expressionz Professional Nouvelle Industrial Park, Expressionz Professional Bukit Rimau,
Suites, KL City, Kuala Lumpur Kota Damansara, Selangor Suites, KL City, Kuala Lumpur Shah Alam, Selangor
Type: Condominium Tenure: Leasehold Type: Factory Tenure: Leasehold Type: Condominium Tenure: Leasehold Type: Terraced house Tenure: Freehold
Built-up: 868 sq ft Bedrooms: 2 Built-up: 12,000 sq ft Land size: 16,000 sq ft Built-up: 868 sq ft Built-up: 2,100 sq ft Land size: 1,650 sq ft
Bathrooms: 2 Bedrooms: 2 Bathrooms: 2 Bedrooms: 4 Bathrooms: 3

Terence Wong (REN 21398) Terence Wong (REN 21398) Terence Wong (REN 21398) Sherry Chew (REN 07011)
QUINCO REALTY SDN BHD QUINCO REALTY SDN BHD QUINCO REALTY SDN BHD CBD PROPERTIES (PUCHONG)
(E (1) 1796) (E (1) 1796) (E (1) 1796) SDN BHD (E (1) 1197/4)
+6012 671 6682 +6012 671 6682 +6012 671 6682 +6016 218 2301

LIDM01012933 LIDM01007408 LIDM01013062 LIDM01013058

RM1,325,000 RM775,000 RM2,000,000 RM370,000

Jalan Hujan Emas 4, Kepong Baru, Taman Midah, Green Suria Apartment,
Taman OUG, Kuala Lumpur Kepong, Kuala Lumpur Cheras, Selangor Seri Kembangan, Selangor
Type: Terraced House Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Shop Tenure: Freehold Type: Condominium Tenure: Freehold
Built-up: 2,600 sq ft Land size: 2,850 sq ft Built-up: 1,100 sq ft Land size: 1,430 sq ft Built-up: 4,000 sq ft Land size: 1,400 sq ft Built-up: 1,212 sq ft Bedrooms: 3
Bedrooms: 5 Bathrooms: 3 Bedrooms: 3 Bathrooms: 2 Bathrooms: 2

Suki Tan (REN 06909) Suki Tan (REN 06909) Terence Tih (REN 01644) Terence Tih (REN 01644)
VIVAHOMES REALTY SDN BHD VIVAHOMES REALTY SDN BHD TECH REAL ESTATE SDN BHD TECH REAL ESTATE SDN BHD
(E (1) 1670/3) (E (1) 1670/3) (E (1) 1537) (E (1) 1537)
+6013 277 8668 +6013 277 8668 +6017 668 2669 +6017 668 2669
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