FBM KLCI 1603.74 1.62 KLCI FUTURES 1601.50 1.00 STI 3183.14 0.12 RM/USD 4.1845 CPO RM2063.

4.1845 CPO RM2063.00 35.00 OIL US$71.89 0.29 GOLD US$1274.60 1.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

THURSDAY MAY 23, 2019 ISSUE 2893/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
Foreign selling spikes to RM1.18b
on Bursa last week, YTD outflow
hits RM4.46b 4 H O M E B U S I N E S S
2 REUTERS

New leads on
fugitive Jho Low’s
whereabouts
— IGP
4 HOME BUSINESS

Leong Hup slides

after IPO despite
stabilising efforts
6 HOME BUSINESS

JOHN SOH’S
TRIAL
IN SINGAPORE
RISK OR
Ex-Maybank Kim
Eng dealer admits
Soh gave orders on
trades in 3 accounts
OPPORTUNITY?
Huawei’s ban in the US sent
7 HOME BUSINESS shock waves through the
Perdana Petroleum semiconductor industry,
says restructuring but Malaysia may stand
a ‘full-fledged to benefit from it.
solution’ Wong Ee Lin has the
12 H O M E story on Page 3.
Former Pahang
Sultan dies at 88
15 C O M M E N T

Trump blacklist British Steel falls into liquidation,

could hit some
unusual suspects jeopardising 25,000 jobs PA G E 2
2 T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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British Steel falls into liquidation,
jeopardising 25,000 jobs
This is because the owner failed to secure more government funding
BY MAYTAAL ANGEL & COSTAS PITAS
LONDON: British Steel, the coun-
try’s second-largest steel produc-
er, has collapsed after failing to
secure emergency government
funding, jeopardising some 25,000
jobs, Britain’s Official Receiver
said yesterday.
The High Court ordered the
compulsory liquidation of the com-
pany, adding its staff will continue
to be employed as the liquidator
oversees the continuing opera-
tion of the main site in Scunthor-
pe, northern England.
Owned by investment firm Grey-
bull Capital, British Steel employs
around 5,000 people, mostly in
Scunthorpe, while 20,000 more
depend on its supply chain.
Greybull Capital, which spe-
cialises in trying to turn around
distressed businesses, said it had
tried to keep British Steel alive but
the challenges of Britain’s looming
exit from the European Union (EU)
proved insurmountable.
Business Minister Greg Clark
said British Steel was open to
new buyers, while the opposi-
tion Labour Party called on the
government to bring British Steel
New leads on fugitive Jho Low’s
whereabouts — IGP
PASIR MAS: Police have obtained
new leads on the whereabouts of
Low Taek Jho, better known as Jho
Low, Inspector-General of Police
(IGP) Datuk Seri Abdul Hamid
Bador revealed yesterday.
Abdul Hamid said the po-
lice will be doing their best to
bring the Malaysian fugitive busi-
nessman, who is linked to scan-
dal-plagued 1Malaysia Develop-
ment Bhd (1MDB), back home in
the nearest future.
The newly-minted IGP, howev-
er, declined to reveal what sort of
UK chip designer ARM complying with new US rules on Huawei
LONDON: British-based chip de-
signer ARM said yesterday it was
complying with a move by the US
to block China’s Huawei from ac-
cessing US technology.
Huawei, in common with Apple
and chipmakers like Qualcomm, uses
ARM blueprints to design the pro-
cessors that power its smartphones.
It also licenses graphics technology
from the Cambridge-based company.
“ARM is complying with all of the
latest regulations set forth by the US
government,” an ARM spokesman
The British Steel steelworks in Scunthorpe, north-east Lincolnshire. Business Minister
Greg Clark said British Steel was open to new buyers, while the opposition Labour
Party called on the government to bring it into public ownership. Photo by epa
into public ownership.
Turning a profit in steel is es-
pecially difficult in Britain, where
steelmakers pay some of the highest
green taxes and energy costs in the
world and are saddled with high
labour costs and business rates.
Jeff Kabel, chairman emeritus
of the International Steel Trade
Association, said the government
was paralysed by Brexit and un-
able to address the steel sector’s
challenges.
The collapse of British Steel
new leads that his men obtained.
“I am serious (about the new
leads) but have patience. Where
he plans to hide… won’t be safe
for him. We will bring him home
because everyone is waiting,” he
told reporters after a brief visit
to the Kelantan side of the Ma-
laysian-Thailand border, here
yesterday.
Asked whether Jho Low was
hiding in China, he merely re-
plied: “I did not say that.”
Abdul Hamid said Jho Low’s
actions have plunged the country
said in a statement.
The US blocked Huawei from
buying US goods last week, jeop-
ardising ties with Google, which
provides the Android operating
system and services like Gmail and
Google Maps, as well as hardware
partners such as ARM.
It temporarily eased restrictions
on Huawei on Tuesday, granting it
a licence to buy US goods until Aug
19, meaning that updates of Google
apps can continue until then.
The BBC reported earlier yes-
For breaking news updates go to
www.theedgemarkets.com
comes after Germany’s Thyssenk-
rupp and India’s Tata Steel ditched
a plan this month to merge their
European steel assets to create the
EU’s second-largest steelmaker af-
ter ArcelorMittal.
That failed merger left the wider
EU steel sector fragmented and vul-
nerable to economic downturns. It
also called into question the fate of
Britain’s largest steelworks in Port
Talbot, Wales, owned by Tata Steel.
British Steel had asked the gov-
ernment for a £75 million (RM399
into high levels of bad debt, add-
ing that the businessman should
be responsible for the mess.
Not mincing his words, the
nation’s top cop said Jho Low’s
move to hide behind his lawyers
in Macau and Hong Kong when
making statements is also noth-
ing short of cowardice.
“The country has high debts
because of his robbery. When
he is brought to court, Insya-Al-
lah (God willing), all (his) scams
and lies will be revealed,” he said.
— Bernama
terday that ARM had instructed
employees to halt “all active con-
tracts, support entitlements, and
any pending engagements” with
Huawei after the US added Huawei
to a list of companies with which
US firms could not do business.
Huawei’s international partners
are moving to distance themselves
from the Chinese company until
there is clarity over its relationship
with US technology partners that
provide the apps and services that
are crucial for consumers. — Reuters
million) loan, later reducing its
demand to £30 million after Grey-
bull agreed to put up more money,
according to a source close to the
negotiations.
It had already secured a govern-
ment loan of around £120 million
this month to enable it to comply
with EU Emissions Trading Sys-
tem rules.
Britain’s business minister said
it would have been unlawful to pro-
vide a loan to British Steel on the
terms the company or any other
party had made.
Greybull had been negotiating
with the government for the loan,
a source said, adding the govern-
ment wanted Greybull out of the
picture before putting more mon-
ey into the business for fear those
funds will eventually end up in
Greybull’s hands.
Greybull is British Steel’s only
creditor at the holding company
level and has secured loans against
its assets.
It called on the government to
use all options to secure the assets
and rebuild the business, adding
clean-up costs for the industrial
site could end up costing taxpay-
ers more than £1 billion. — Reuters
Apple more
upfront with
iPhone users on
battery health
BENGALURU: Britain’s compe-
tition watchdog said yesterday
that Apple Inc has committed
to be “clearer and more upfront”
with iPhone users about battery
health and performance, after the
regulator looked into consumer
concerns on the matter.
The Competition and Markets
Authority (CMA) said it raised con-
sumer law concerns with the tech
company last year after finding
people were not being warned
clearly that their iPhones’ perfor-
mance could slow down following
a 2017 software update designed to
manage demands on the battery.
The iPhone maker previously
came under scrutiny after it said
in 2017 that software to deal with
ageing batteries in iPhone 6, iP-
hone 6s and iPhone SE models
could slow down performance.
The company later apologised
and lowered the price of battery
replacements for affected models
to US$29 from US$79.
“The CMA became concerned
that people might have tried to
repair their phone or replace it
because they weren’t aware the
software update had caused the
handset to slow down,” it said.
— Reuters
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Risk or opportunity?
Huawei’s US ban sent shock waves through the semiconductor industry, but M’sia may stand to benefit from it
BY W O N G EE L I N
KUALA LUMPUR: It looked like the
start of semiconductor manufactur-
ers’ nightmare when US President
Donald Trump fired another salvo
in the escalating US-China trade war
by blacklisting China’s mobile phone
equipment giant, Huawei Technol-
ogies Co Ltd.
The act sent shock waves along
the supply chain of the global semi-
conductor industry, sparking strong
sell-offs in semiconductor compa-
nies’ shares worldwide. The same
was seen in Malaysia, which caused
the Bursa Malaysia Technology Index
to sink 3.47% on Tuesday — the big-
gest loser among the indices — led
by companies linked to the industry.
But it may not be a losing battle
in the long run, at least not for Ma-
laysian companies. The trade diver-
sion that will arise from Huawei’s
ban in the US, which effectively cuts
off US chipmakers from the supply
chain of Huawei — the world’s largest
Pentamaster still confident of another record earnings year
BY WO N G EE L I N
KUALA LUMPUR: According to
the Semiconductor Industry As-
sociation (SIA), worldwide sales
of semiconductors declined some
15% during the first quarter of 2019,
but Penang-based Pentamaster
Corp Bhd, which manufactures
automated tester equipment or
chip testers, is not worried.
In fact, the group is gearing up
for another record earnings year
— with an anticipated double-digit
growth — after its net profit jumped
58.8% to RM57.12 for the financial
year ended Dec 31, 2018 (FY18),
from RM35.97 million a year ago,
as revenue climbed 48.56% to
RM422.2 million from RM284.19
million.
For the first quarter of FY19,
the company’s net profit already
more than doubled to RM19.56
million from RM7.23 million last
year due to greater operating ef-
ficiency that led to higher profit
margins and net interest income.
Its quarterly revenue increased
19.5% to RM118.76 million versus
RM99.38 million last year.
Pentamaster is keeping to its
projections despite the potential
dampener it sees on sales from
the ban on Huawei Technologies
Co Ltd in the US, according to its
co-founder and chairman Chuah
Choon Bin. This is because the
group’s other business segments
are also growing, thanks to the an-
ticipated increase in adoption of
fifth-generation (5G) technology
in the telecommunications and
automotive industries.
“We will generally be doing
well this year. But for next year,
prospects will be even much bet-
provider of networking gear and the
second-largest smartphone vendor
— may benefit domestic players here.
Pentamaster Group Bhd co-found-
er and chairman Chuah Choon Bin
told The Edge Financial Daily that
he expects the group’s telecommu-
nications segment to see a 20% to
30% decline in sales as a result of
Huawei’s blacklisting in the US. The
contraction may take away some 18%
in total sales it anticipates for the year.
However, Chuah said Pentamaster
may also stand to benefit from the
ban, as he expects China will become
more aggressive in ramping up their
product developments in the face of
what happened to Huawei.
So, he sees a silver lining for the
group in the form of trade divert-
ed from US chip suppliers to those
located elsewhere, possibly in Ma-
laysia, where Pentamaster supplies
chip tester equipment or automated
tester equipment.
As such, Chuah does not expect
Pentamaster to be greatly affected by
ter-looking with the upcoming 5G,”
Chuah told The Edge Financial Dai-
ly in a recent interview.
He said there are still a lot of op-
portunities in the industry and that
any slowdown is just a temporary
setback. This is why Pentamaster is
taking the opportunity to do more re-
search and development (R&D), said
Chuah, adding that even its custom-
ers are looking into new technologies
which will result in them looking to
test the new solutions. This means
more opportunities for Pentamaster
to work with them.
“They can’t be waiting till the in-
dustry is back up and then only start
looking for new innovations. Come
2020, when 5G is launched in the mar-
ket, the semiconductor business will
see another boom. By then, there will
be no time to do R&D. They will be
busy delivering project after project.
“We are in a very niche market.
Our customers continue to innovate,
and for every new technology, they
engage with us a year ahead [to work]
on their solutions,” Chuah added.
Apart from its flagship chip test-
ers, Chuah said the company is also
broadening the group’s exposure
and development of 3D sens-
ing technology for VCSEL
Chuah: Our customers
continue to innovate, and
for every new technology,
they engage with us a year
ahead (to work) on their
solutions.
Photo by
Sam
Fong
Huawei’s ban in the US. In fact, the
eventual tally may show Pentamaster
gaining from the situation.
Pentamaster was among the tech-
nology counters on Bursa Malaysia
that took a beating on Tuesday, fol-
lowing the news on Huawei’s ban.
Its shares sank as much as 29 sen
on Tuesday to RM4.05, before easing
to settle at RM4.10, down 24 sen or
5.53% at market close. It was one of
the top losers in Bursa Malaysia’s
Technology Index, which retreated to
30.9 points, dragging the FBM KLCI
down 0.1% to close at 1,603.74.
Other semiconductor stocks that
were badly hit include: Inari Amer-
tron, which fell 10 sen or 6.67% to
RM1.40; Mi Technovation Bhd, which
was down 11 sen or 6.43% to RM1.60;
Globetronics Technology Bhd, which
retreated 10 sen or 5.92% to RM1.59;
and Frontken Corp Bhd, which fell
eight sen or 5.63% to RM1.34.
Nonetheless, the rebound on Wall
Street among semiconductor stocks
that were bogged down by fears over
Pentamaster Corp Bhd’s
revenue and net profit
Revenue (RM mil)
Net profit (RM mil)
500 60
400 50
300 40
200 30
100 20
10
0
FY15 FY17 1QFY19*
Financial year ending Dec 31
*Three months ended March 31, 2019
Source: Bursa Malaysia
(vertical-cavity surface emitting la-
ser) — which is used in smartphones
and is in high demand — as well as
the automotive segment.
“Our growth potential does not
depend on how big the market size
is as there is always [a] market [for
our solutions]. The limitation we face
is the number of engineers we
have, as they are the ones
working on the solutions,”
said Chuah.
With over 380 engi-
neers, Chuah said Pentam-
aster is still in hiring mode
and is looking to have 450
engineers this year. “Gen-
erally, one engineer can
contribute about
RM1.2 million
or RM1.3 mil-
lion of sales
per year,” said
Chuah.
Meanwhile,
HOME BUSINESS 3
the trade war’s ripple effects, raised
hope that its peers in Malaysia may
follow suit, if the upward trend seen
on Tuesday is sustainable.
The share price recovery was
fuelled by the temporary 90-day re-
prieve that was granted to Huawei on
Monday. The initial ban was to take
effect on May 20. The Philadelphia
Semiconductor Index gained 2.1% to
end a three-day slump on Tuesday.
“The disruption to (the) supply
chain will definitely be negative in the
short term,” said an analyst who tracks
the semiconductor industry, citing
as example people who are consid-
ering switching mobile phones after
the news that Alphabet Inc’s Google
would be cutting off the supply of
hardware and selected software ser-
vices to Huawei once the 90 days is up.
“The trade war seems like break-
ing the supply chain into two ... this
is going to be bad in the short term.
But if China cannot get their supply
from the US, they are likely to turn
inwards ... [or to] countries like Ma-
Chuah said Pentamaster has been
benefitting from the trade diversion
as a result of the Sino-US trade ten-
sion, as US companies have moved
out of China to relocate elsewhere.
“When they move out of China
and relocate to Malaysia, they will
look for local suppliers for their au-
tomation or equipment,” said Chuah.
The situation has helped Pentamaster
gain more customers.
Even some who have relocated
to India and Vietnam are now Pen-
tamaster’s customers, Chuah said.
Chuah said the group is working
on maintaining its gross profit mar-
gin at about 30% to 35%. As at March
31, 2019, Pentamaster’s order book
stood at RM250 million, which will
keep the group busy for the next six
to nine months.
The telecommunications business
makes up the bulk of its sales so far,
at 60%, followed by 20% from factory
automation, 15% from automotive,
and 5% from its general consumer
electronics business.
Geographically, Chuah said Pen-
tamaster’s single largest customer is
based in Singapore, and its orders this
year will make up less than half its
total sales — versus more than 60%
in FY18 — while the remainder will
be contributed from US, China and
European customers.
In line with its earnings growth,
Pentamaster shares have been climb-
ing in the past 12 months. Though it
dived on Tuesday following news of
Huawei’s ban in the US, Pentama-
ster’s closing share price of RM4.10
on Tuesday is still up some 77.5%
from a year ago.
Having raised RM192 million by
floating the shares of its 63%-owned
automated solution arm Pentama-
ster International Ltd in Hong Kong
laysia,” the analyst added.
A Singapore-based fund manag-
er commented that Malaysian tech
companies presently do not have
much to do with Huawei. But the ban
is causing everyone in China to sit up
and rethink their supply chain strat-
egy. “In short, no one will believe in
the US [anymore]. It is not a reliable
and credible supplier. What it means
is that it is positive for some of those
tech companies in Malaysia that can
offer what the Chinese need,” he said.
Some analysts, however, have a
more cautious stance, saying it is too
early to draw any conclusions on the
matter given that it is hard to predict
any retaliatory moves the two coun-
tries could make.
The lingering concern remains
that any slowdown in international
trade volume will not augur well for
the world economy, including Malay-
sia. Meanwhile, some have pointed
out that the valuation of Malaysian
semiconductor stocks are relatively
higher compared with elsewhere.
in January last year, investors may
have wondered what Pentama-
ster plans to do with the RM100
million that has been earmarked
for Pentamaster’s own expansion.
A JV and an acquisition on
the cards
According to Chuah, a potential
joint venture (JV) and a potential
acquisition by the end of this year
are two things on the table.
The JV will likely be with a com-
pany involved in the business of
test solutions for smart sensors,
while the acquisition will possi-
bly be a single-use medical device
automation company. But Chuah
declined to reveal more as talks are
still ongoing.
As at March 31, 2019, Penta-
master had a cash pile of RM376.93
million, with minimal borrowings
of RM3.63 million, giving it a net
cash of RM373.3 million.
For 2019, Pentamaster plans
to spend RM30 million of its in-
ternal funds to expand its ex-
isting plant in Penang, with the
upgrade works involving a ware-
house, a multilayer car park and
an R&D centre.
The company has not paid
any dividends since 2008. When
asked about this, Chuah said
a payout should not be ruled
out. “We will first have to look
at how we perform, how the ac-
quisition and JV will go ... how
much money will be spent. If
there is extra, we will return it
to shareholders,” he said.
If the extra is not returned, he
said, it will be carefully spent or
reinvested in the group to expand
its business or improve operation-
al activities.
4 HOME BUSINESS T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Foreign selling spikes to

RM1.18b on Bursa last week
The sell-off, the biggest since October, raises YTD net outflow to RM4.46 billion — MIDF Research
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Bursa Malaysia
saw an exodus of foreign funds in
the week ended May 17, which ex-
tended the foreign net selling streak
into the eighth week.
According to MIDF Research’s
Adam M Rahim in his weekly fund
flow report released on Tuesday,
data from Bursa show that foreign
funds sold RM1.18 billion net of
local equities last week, a level not
seen since October last year.
On a month-to-date basis, Malay-
sia has recorded a foreign net out-
flow of RM1.71 billion in May 2019,
bringing the year-to-date (YTD)
foreign net outflow from Malaysia
to RM4.46 billion.
The week started on a rough note
for Bursa, with global investors sell-
ing RM288.6 million net last Mon-
day, followed by RM253.1 million
net the next day as China announced
retaliatory tariffs on about US$60
billion (RM251.4 billion) US goods,
effective June 1, Adam said.
“The escalation of the trade rift
occured even as [US] President
[Donald] Trump will be meeting Xi
Jinping at the G20 (Group of Twenty)
summit in June,” said Adam, refer-
ring to the Chinese president. “The
local bourse was also adversely im-
pacted, closing below 1,600 points
for the first time since September
2015,” he noted.
The foreign net outflow then
tapered off to RM91.6 million last
Wednesday — the lowest seen in
the past week — which coincided
with a 0.8% gain for the local bourse.
But last Thursday saw net foreign
which saw the nation’s gross do- that MIDF Research tracks, investors
Weekly net flow of foreign funds into mestic product growth in the first classified as “foreign” sold US$4.11
Malaysian equities since Jan 2017 quarter of the year coming in at 4.5%, billion net last week, also a level not
2,000
(RM mil) exceeding expectations, Adam said. seen since October last year.
1,500 “A slowdown in foreign net out- Taiwan continued to see the
1,000 flow occurred on [last] Friday as the biggest foreign net outflow in the
500 amount sold went below RM200 region for the second straight
0
-500 million. Sentiment was revived week as foreign investors dumped
-1,000 partly due to the rise in US equi- US$1.29 billion.
-1,500 ties overnight after solid corpo- In emerging Southeast Asian
-2,000 rate earnings of companies such as markets that MIDF Research moni-
-2,500
-3,000 Walmart and better-than-expected tors, all markets were experiencing
Jan 6, March 2, April 26, April housing data,” he said. foreign net outflows. While Bangkok
2017 2018 2019 Participation among foreign in- recorded foreign net selling of local
Sources: Bursa Malaysia statistics, vestors gained momentum last week equities amounting to US$240.1 mil-
MIDF Research
as the average daily traded value rose lion last week, Indonesia recorded
2.7% to RM1.21 billion, “which is a a net outflow of US$251 million.
healthy level”, he added. Globally, most equity markets
selling spiking again to RM371.7 mil- In Asia, Adam noted, foreign in- worldwide remained in the red last
lion as the trade war angst between vestors continued to exit equities. week as the trade rift between the
the US and China outweighted the Based on the provisional aggregate US and China escalated further,
positive vibes on the local front, data for the seven Asian exchanges Adam added.

Banks well-placed to manage
weakening economy — Moody’s
KUALA LUMPUR: Malaysian
banks are well-positioned to man-
age the challenges associated with
the country’s weakening econo-
my and the vulnerable oil and
gas, real estate and construction
sectors, according to Moody’s
vice president and senior credit
officer Alka Anbarasu.
This is because they are sup-
ported by strong loan-loss re-
serves and solid capital, Anbarasu
said in a statement accompanying
the release of Moody’s report on
the country’s banking system.
Hence, Moody’s is of the view
that the outlook for the Malaysian
banking system remains stable
as strong loss-absorbing buff-
ers should be able to mitigate a
potential rise in credit costs and
moderating profitability over the
next 12 to 18 months.
Its baseline scenario assumes
that a slowdown in trade, pri-
vate investment and government
spending will result in a modera-
tion in Malaysia’s gross domestic
product growth to 4.4% in 2019
and 4.3% in 2020.
Nevertheless, it is of the view
that domestic private demand
will remain supported by stable
employment conditions and wage
growth. “Banks’ loan growth will
average a moderate 5%, driven
by the retail and small- and me-
dium-sized enterprise segment,”
Moody’s said.
While Moody’s said asset
risk will rise, overall loan per-
formance should remain stable,
with the system’s strong loan-
loss buffers sufficient to absorb
a potential rise in delinquencies.
“Loan-loss reserves for most rat-
Leong Hup slides after IPO despite stabilising efforts
KUALA LUMPUR: Integrated poul-
try player Leong Hup International
of a security, immediately following
an IPO when the price of the newly
Sdn Bhd put its FV at RM1.27.
The IPO was met with what
Bhd, which made its comeback on issued shares is shaky. The first sta- Leong Hup termed an “overwhelm-
the Main Market of Bursa Malaysia bilising action was taken last Thurs- ing” response. The public portion
ed banks increased in 2018, fol- last week, has announced a series day, when Maybank IB bought five of Leong Hup’s IPO, involving 73
lowing the adoption of Malaysian of stabilising actions by its stabilis- million shares at RM1.10 per share, million shares, was oversubscribed
Financial Reporting Standards ing manager Maybank Investment followed by another acquisition of by 3.64 times. The 839.5 million IPO
9,” it noted. Bank Bhd (Maybank IB). four million shares at RM1.0721 shares offered to foreign and local
Capitalisation will also remain The group finished its debut day per share last Friday. On Tuesday, institutional and selected investors
stable. “Despite weaker profit, last Thursday flat at its initial pub- Maybank IB bought another 10.42 were also heavily subscribed.
banks can generate sufficient lic offering (IPO) price of RM1.10 a million shares at RM1.0395 a share. Several big re-entries into the
capital to support potential as- share as overall market sentiment The biggest IPO on the local local bourse in recent years also
set growth through risk-weighted remained cautious amid escalating bourse in almost two years, Leong warranted stabilising actions, among
asset optimisation and dividend US-China trade tensions. Since then, Hup’s return to Bursa Malaysia was which were Malakoff Corp Bhd —
reinvestment. Testifying to its re- the stock has been sliding despite one of the most watched market which raised RM1.8 billion during
silience, the system-wide capi- Maybank IB’s stabilising efforts. It events this year. Prior to its listing, its relisting in 2015 — and Sunway
tal ratio still satisfies regulatory fell to RM1.07 last Friday and then PublicInvest Research derived a fair Construction Group Bhd. The latter
requirements even in the stress slipped another two sen or 1.87% to value (FV) of RM1.26 for Leong Hup was also relisted in 2015 and raised
scenario presented in our for- close at RM1.05 on Tuesday. based on 20 times price-earnings RM550 million.
ward-looking solvency analysis,” A stabilising action is the pur- multiple to its forecast financial year Lotte Chemical Titan Holding
Moody’s said. chase of stock by underwriters to 2020 core earnings per share of 6.3 Bhd was also subject to stabilising
Still, profitability, as it indi- stabilise or support the market price sen, while Inter-Pacific Research efforts when it was listed in July 2017.
cated, will deterioriate amid
subdued asset growth and stiff IPO performance of new listings as at May 21, 2019
competition for deposits that will
COMPANY LISTING DATE IPO FIRST DAY LATEST CHANGE IN SHARE
pressure net interest margins and PRICE CLOSING CLOSING PRICE VS FIRST DAY
pre-provision income. (RM) PRICE (RM) PRICE (RM) CLOSING (%)
Credit costs, meanwhile, are Mi Equipment Holdings Bhd 20/06/2018 1.42 1.54 1.60 +3.90
expected to rise from cyclical lows Seers Bhd 17/07/2018 0.08 0.10 0.10 0.00
in line with an increase in asset
Revenue Group Bhd 18/07/2018 0.37 0.62 1.23 +98.39
risk, while operation costs are
seen remaining stable as banks’ Nova Wellness Group Bhd 20/07/2018 0.55 0.76 0.45 -40.79
efforts to reduce costs by cut- Radiant Globaltech Bhd 24/07/2018 0.23 0.53 0.21 -60.38
ting branches are offset by higher Amlex Holdings Bhd 25/09/2018 0.15 0.16 0.10 -37.50
technology investment outlays. Mykris International Bhd 04/10/2018 0.20 0.22 0.34 +54.55
“But funding and liquidity should Securemetric Bhd 13/11/2018 0.25 0.53 0.57 +7.55
remain robust as deposit growth Topvision Eye Specialist Bhd 21/11/2018 0.18 0.23 0.43 +86.96
keeps pace with moderate loan
Techbond Group Bhd 05/12/2018 0.66 0.86 0.68 -20.93
growth,” it said.
On top of that, the Malaysian Manforce Group Bhd 11/12/2018 0.18 0.23 0.23 0.00
government’s capacity to pro- DPI Holdings Bhd 07/01/2019 0.25 0.27 0.17 -37.04
vide support to banks in times Gagasan Nadi Cergas Bhd 08/01/2019 0.30 0.30 0.26 -13.33
of stress is expected to remain Uni Wall APS Holdings Bhd 15/01/2019 0.16 0.22 0.42 +90.91
strong. “Recent legislative reforms Supreme Consolidated Resources Bhd 16/01/2019 0.50 0.62 0.68 +9.68
have not resulted in a shift in pol- EquitiesTracker Holdings Bhd 07/03/2019 0.17 0.16 0.18 +12.50
icy for the resolution of troubled
Smile-Link Healthcare Global Bhd 23/04/2019 0.11 0.12 0.09 -25.00
banks outside liquidation, with no
legislation in place to force bank TT Vision Holdings Bhd 09/05/2019 0.18 0.21 0.20 -4.76
creditors to bear the cost of any Leong Hup International Bhd 16/05/2019 1.10 1.10 1.05 -4.55
bank bailout,” Moody’s added. Source: Bursa Malaysia
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 5
6 HOME BUSINESS
Ex-dealer admits Soh gave
orders on trades in 3 accounts
None of the directors had submitted a third-party authorisation form
BY A MA L A B A L A K RI SH NER
SINGAPORE: Prosecution wit-
ness Ong Kah Chye revealed that
trades in three accounts under
him were solely executed on the
instructions of John Soh Chee
Wen.
The former Maybank Kim Eng
Securities dealer admitted he had
received instructions from Soh
for accounts belonging to three
clients — Peter Chen Hing Woon,
Tan Boon Kiat (also known as
Gary Tan) and Magus Energy
Group. However, Ong was not
sure if Soh had given instructions
for a fourth account — Friendship
Bridge Holding — as the “account
was really not active at all”.
The directors of Magnus En-
ergy — Lim Kuan Yew, Koh Teng
Kiat and Luke Ho — had the au-
thority to give instructions for
the Magnus account and Quah
Su-Ling was authorised to give
instructions for the Friendship
Bridge account. While the ac-
count holders of the three ac-
counts had given Ong oral per-
mission to accept instructions
from Soh, none of them had sub-
mitted a third-party authorisa-
tion form, the court heard yes-
terday.
During cross-examination by
Soh’s defence counsel, led by sen-
ior counsel N Sreenivasan, Ong
said that he had received orders
from Soh with regards to trades
under Chen’s and Tan’s accounts.
This was because Chen was Soh’s
lawyer and someone he shared a
close relationship while Tan was
Soh’s brother-in-law.
“Yesterday, I admitted to the
court I was lying to the investigat-
ing officer (IO), maintaining that
Peter and Gary called me, or at
least I confirmed the trade with
Multi Sports’ white knight seeks its listing status
BY L A M JI A N WY N
KUALA LUMPUR: Practice Note
(PN) 17 company, Multi Sports
Holdings Ltd, has signed a mem-
orandum of understanding (MoU)
with construction firm, Southern
Score Sdn Bhd (SSSB), yesterday
which will entail the transfer of its
listing status to a new entity to be
set up by both parties.
In a filing with Bursa Malaysia,
Multi Sports said the MoU is part
of a proposed restructuring plan
by the company to regularise its
financial position.
Under the deal, Multi Sports will
set up a new company (newco) with
SSSB that will take over the listing
JOHN SOH’S
TRIAL
IN SINGAPORE
Gary and Peter after the trade,”
said Ong.
The truth, said Ong, was that it
was Soh — and not Chen or Tan
— whom he had been liaising
with for the trades. Ong added
that his statement was given af-
ter the IO at the commercial af-
fairs department presented call
logs and a spreadsheet with the
timestamps of trades he had made
through certain accounts.
Soh and co-accused Quah,
who was also former chief ex-
ecutive officer of IPCO Interna-
tional, are on trial for allegedly
being the masterminds behind
the manipulation of three stocks
in 2013 — Blumont Group, Asia-
sons Capital (now known as At-
tilan Group) and LionGold Corp
— collectively known as BAL. This
led to a spectacular rise in their
share prices and a subsequent
crash that wiped out some S$8
billion from the stock market.
Earlier, under cross-examina-
tion by Quah’s defence counsel
Phillip Fong, Ong said: “My rec-
ollection was that [Soh] was the
only one who gave instructions
on the accounts. Not the others.”
On further probing by Fong,
Ong said, “I really have been
searching for phone calls made
by others to help me explain my-
self that instructions [were] not
only from [Soh] but also from
the office bearers, but I couldn’t
find any.”
Fong also presented several
call records as well trades keyed
in under Ong’s account at the
status of the company; undergo a
capital restructuring if necessary;
capitalise the accrued liabilities
and debts owed by Multi Sports to
its creditors; and the newco will ac-
quire the entire issued share capital
of SSSB at a proposed price to be
determined later through valuation,
which will be satisfied through the
issuance of newco shares.
Shareholders of Multi Sports
will become shareholders in the
newco, it said.
In consideration of the proposed
restructuring, SSSB plans to issue
up to RM15 million worth of new
shares in the following manner:
i) Up to RM9 million worth of
newco shares to existing sharehold-
corresponding timings, asking if
it was possible for Quah to have
used Soh’s phone to give him in-
structions, especially given the
closeness shared by the duo.
Ong responded saying, “I can’t
recollect, but what I recollect is
that [Soh] did not have the habit
of sharing his phone with other
people.”
Fong then raised the two
trades made under the Friend-
ship Bridge account. The first was
a purchase of 1.75 million Asia-
sons shares on Feb 5, 2013, and
the second was a sale of 750,000
Asiasons shares on Feb 14, 2013.
These transactions were made un-
der the accounts of Chen and Tan.
“I can’t recollect,
but what I recollect
is that [Soh] did not
have the habit of
sharing his phone
with other people.”
Ong denied Fong’s suggestion
that the Feb 14, 2013, transaction
was a forced sale. Fong proceeded
to ask if they were made in con-
sultation with Soh, to which Ong
said he could not recall if these
trades were made by himself or
his colleague Lim Teck Leong
who would sometimes attend
to his calls and perform trades
on his behalf when he was not
in the office.
Ong also said he was alert-
ed to a possible clampdown on
the trading of BAL shares by
the Singapore Exchange (SGX)
sometime in September 2013. “I
heard someone say something
ers of Multi Sports which will be
distributed according to the size of
the stakes held by its shareholders
at an entitlement date to be deter-
mined later; and
ii) Up to RM6 million worth of
newco shares as full and final set-
tlement of the accrued debts and
liabilities owed to creditors.
Both Multi Sports and SSSB
plan to enter into a definitive
agreement to implement the re-
structuring scheme no later than
30 days from the date of the MoU,
unless an extension is mutually
agreed upon.
The definitive agreement is con-
tingent upon receiving the approval
of Bursa Securities for an exten-
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
that the market capitalisations
(cap) of the three counters were
higher than SPH or something
like that. I believe I heard that
comment from someone whom
I don’t know personally, but we
were sitting together ... A few days
later there was an article in the
Business Times talking about the
same thing, that the market cap
was so high.”
Ong further mentioned feel-
ing uncomfortable after read-
ing the article and told Soh who
“sound[ed] very comfortable over
the phone, telling me something
like this was [market forces at
work] or there was foreign buying
interest in the counters”.
According to Ong, the SGX had
been promoting mining stocks at
the time of the crash. He said that
Carlson Smith, who was then a di-
rector and chief financial officer
at IPCO, had told “[him] after the
crash that SGX had included Li-
onGold as one of the ‘poster boy’
examples at a certain investment
fair to show how successful the
exchange was in promoting the
listing of mining stocks”.
In response to queries by
Sreenivasan, Ong said he did not
know the exact details of the SGX
mining promotion featuring Li-
onGold.
During the hearing, Ong,
whose last day of service at
Maybank Kim Eng Securities was
on Tuesday — the same day he
first took to the stand as a witness
for this trial — said his resigna-
tion had nothing to do with the
hearing, and that his “desire to
retire at age 73 was made [about]
a year ago”.
The trial resumes today when
Soh’s defence counsel will contin-
ue with their cross-examination
of Ong. — The Edge Singapore
sion of time pursuant to PN17/2005
for the submission of the regular-
isation plan by the company, and
the approval in principle from its
creditors.
“In the event that any of the
approvals is rejected or shall not
have been given or obtained by
the cut-off date (or such extend-
ed time period as the parties may
mutually agree), this MoU shall
forthwith lapse and be of no fur-
ther effect and neither party shall
have any claim of whatsoever na-
ture against the other party under
this MoU,” it said.
Trading of Multi Sports shares
were suspended at 2.58pm on Tues-
day. It resumes today.
Nameplate
maker Volcano
seeks
ACE Market
listing
KUALA LUMPUR: Volcano Bhd,
which is primarily involved in
the manufacturing of name-
plates and plastic injection
moulded parts via its subsidi-
aries, is seeking to list on the ACE
Market of Bursa Malaysia via
an initial public offering (IPO)
involving 300 million shares.
According to the group’s draft
prospectus sighted on Secu-
rities Commission Malaysia’s
website, its IPO will comprise a
public issue of 125 million new
shares and an offer for sale of 175
million existing shares, which
collectively would represent
36.36% of its enlarged number
of issued shares.
Of the IPO shares, 41.25 mil-
lion will be made available to
the public, while another 41.25
million will be allocated to its
eligible directors, key senior
management personnel, em-
ployees and business asso-
ciates.
In addition, 114.375 million
IPO shares will be allotted by
private placement to identified
investors, while 103.125 million
will be for identified Bumiput-
era investors.
Its managing director Datuk
Ch’ng Huat Seng and executive
director Gan Yew Thiam have
a 25% stake each in Volcano,
followed by executive directors
Datuk Wong Tze Peng (17.5%)
and Yeap Guan Seng (15%).
The four are co-founders
of Volcano and promoters in
the group’s IPO. The remaining
17.5% stake is held by its chief
financial officer and executive
director Khoo Boo Wui.
Post-IPO, these substan-
tial shareholders’ stakes will
be trimmed from a collective
100% to 63.64%, with Ch’ng
having 16.97%, Gan (12.73%),
Wong (14.85%), Yeap (6.36%)
and Khoo (12.73%).
The group intends to use the
IPO proceeds to buy machiner-
ies and equipment to expand
its business, expand its factory
in Rayong, Thailand, and for
working capital. The balance
will be used to pay for listing
expenses.
Volcano, whose products
are mainly used in the electri-
cal and electronics and motor
vehicle industries, posted a net
profit of RM6.95 million on a
revenue of RM58.65 million for
the financial year ended Dec
31, 2018 (FY18).
In FY17, its net profit was
RM8.31 million on a revenue of
RM59.66 million, and in FY16,
it was RM7.17 million on a rev-
enue of RM62.82 million.
Between FY16 and FY18, an
average 3.07% of its revenue was
derived locally, while an aver-
age of 96.93% was from over-
seas sales.
TA Securities Holdings Bhd
is the principal adviser, spon-
sor, underwriter and placement
agent of the IPO.
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 7

Perdana Petroleum says

restructuring a ‘full-fledged solution’
The move will help the group in its turnaround journey — executive director
BY A DA M A ZI Z Dayang hinges on the success of Better outlook for 2019 If you do a restructuring Perdana also announced on
Dayang’s own proposed sukuk pro- The sukuk and the rights issue will Tuesday that 1QFY19 losses nar-
KUALA LUMPUR: The proposed gramme. help Dayang pare some RM387.5 without converting rowed to RM32.94 million, from
rights issue at Perdana Petroleum The latest RM365 million ad- million worth of debt. debt into equity, it is RM66.66 million a year ago, thanks
Bhd announced last week is a full- vances from Dayang to Perdana “You will see that the group’s debt still a debt. partly to the higher utilisation rate
fledged solution for its corporate will be funded via Dayang’s pro- will [be] reduced, not increased, with of its vessels. It was also due to a
debt restructuring exercise, said posed issuance of sukuk worth up the new sukuk,” commented Kho. foreign exchange gain of RM1.1
its executive director Bailey Kho. to RM682.5 million. A balance of “Group debt at Dayang will [be] re- million during the quarter, from a
He said the debt restructuring RM317.5 million from the sukuk duced from around RM1 billion to at around 36%, up 9% from 27% a loss of RM28.5 million previously.
exercise will help the oil and gas will be used to pare off Dayang’s around RM600 million. There will year earlier. The higher utilisation rate also
offshore marine services group in own debt. be interest saving.” “Going into the second quarter, helped Perdana’s revenue rise
its turnaround journey concurrent While details were scarce, Kho, Meanwhile, the balance RM51 it looks much better,” Kho said. 53.2% to RM25.7 million from
with its improved outlook this year. who is also Dayang’s group finan- million from Perdana’s RCPS is- “Right now, 15 out of 16 [Perdana] RM16.78 million in 1QFY18.
Under the exercise, Perdana’s cial controller, said Dayang has suance will come from minority vessels [are] chartered, and we are “We believe 2019 will be an in-
60.48% shareholder Dayang En- appointed lead arrangers for the shareholders, to be used mainly for also chartering third-party foreign flection point for Perdana to turn
terprise Holdings Bhd will advance sukuk. Perdana’s working capital. vessels [as Perdana has the neces- around its business after weathering
RM365 million to Perdana, to clear “[They are] essentially the two With an order book of over sary licences].” various challenges over the past few
Perdana’s borrowings that it has banks that were supportive of Per- RM220 million and a tender book of Perdana’s next course of action is years. We believe that our stream-
guaranteed. dana [then], UOB (United Overseas RM240 million, the group is looking to make do with its existing assets. lined operations and the synergis-
With the latest advances, Perda- Bank [Malaysia] Bhd) and Dana- positively towards better charter and “Perdana is in consolidation mode tic collaboration with [the] Dayang
na will owe Dayang RM645.66 mil- jamin [Nasional Bhd],” said Kho. utilisation rates this year, said Kho. … [it] will only make the necessary group will help us to emerge strong-
lion. Perdana will then undertake Also participating in the sukuk is Perdana’s first quarter ended capex for the vessels’ statutory man- er going forward,” the group said in
a rights issue of redeemable con- Malayan Banking Bhd, which will March 31, 2019 (1QFY19) — typi- datory dry-docking. a filing with Bursa Malaysia.
vertible preference shares (RCPS) convert its existing loan to Dayang cally the least performing quarter “[But] you can say that [the worst Perdana shares fell 3.5 sen or
for RM506 million, of which RM455 into the new sukuk, added Kho. of the year — saw the charter rate is over pending the debt restruc- 10.1% to close at 31 sen on Tuesday,
million worth of the RCPS will be rise 10% year-on-year, he said, with turing]. We are happy to maintain giving the group a market capitali-
Discount ‘fair’ to
issued to Dayang to pare off its debt an utilisation rate of its 16 vessels that stand,” added Kho. sation of RM241.33 million.
to the major shareholder. Dayang shareholders
“On Perdana, there will be inter-
Prior to that, Dayang also proposed
est savings of RM455 million times a one-for-10 rights issue of its shares

*
6%; [that is] otherwise too heavy for
amounting to 96.48 million shares
Perdana for a turnaround,” Kho told— which will be undertaken by its
reporters after the group’s annual major shareholders owning 51.59%
general meeting on Tuesday. of the company.
Commenting on the rationale “We are doing the rights issue
of issuing RCPS to pare its debt, because it is one of the require-
Kho said: “If you do a restructur- ments by the lenders [under its
ing without converting debt into debt restructuring programme] for
equity, it is still a debt.” Dayang to raise money from major
“Like it or not, [even if it owes] to
shareholders,” said Kho.
Dayang, Dayang still has to charge They are 26.42% shareholder
interest to Perdana. Where does that
Naim Holdings Bhd, Datuk Ling
leave Perdana? The restructuring isSuk Kiong and family (18.24%),
not seen as a positive restructuring.
and Tengku Datuk Yusof Tengku
“With RCPS, you are not jeopard-
Ahmad Shahruddin (6.93%). “The
ising the public spread. RCPS is a fund will be raised; it is a done deal,”
better option, so we can stagger the
said Kho, with Kenanga Investment
conversion of that equity,” Kho said.
Bank underwriting the remaining
Recall that the proposed RCPS rights issue.
will have a 10-year tenure and will At an illustrative issue price of
be convertible into Perdana shares 80 sen, the rights issue will raise
on a one-for-one basis. some RM77.18 million, of which
“Of course [future] dilution [will
RM70 million will be used to pare
be] there; it is a trade-off to [reduce]
debt as well.
interest charges,” added Kho. It is worth pointing out that the
The exercise will leave Perda- illustrative price of Dayang’s rights
na with RM190.66 million owed issue is at a 29% discount to its clos-
to Dayang. ing price of RM1.13 on Tuesday.
Separately, Perdana also has Similarly, Perdana’s rights RCPS
some RM178.25 million in borrow- issue price will entail a discount of
ings from four lenders, which Kho up to 30% of Perdana’s share price
said will be given term-out of be- “to be fair to Dayang shareholders”,
tween two and seven years as part said Kho.
of its debt restructuring exercise. This compares with a concurrent
Perdana, said Kho, has been for-
private placement by Dayang of up
tunate to have Dayang to provide to 10% of its share base or around
advances previously. 96.48 million shares to third-party
But he acknowledged that the investors, which has an illustra-
process has been a drag to Dayang. tive placement price of RM1.14 per George
“Dayang needed to advance mon- placement share. Town turns
ey to Perdana, like it or not. So why With an early estimation of rais- to students,
not Dayang take over the debt in a ing RM109.99 million at an illustra-
responsible manner in exchange tive price of RM1.14 per placement entrepre-
for the RCPS?” share, Dayang expects to use RM75 neurs in
million as a sinking fund for the repopula-
Dayang’s crucial sukuk arranged sukuk programme, RM15 million
Perdana’s payment of borrowing for capital expenditure (capex) and tion bid
to its lenders using advances from RM17.5 million for working capital. Page 9
8 ST O C KS W I T H M O M E N T U M T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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HUME INDUSTRIES BHD (+ve)

HOME BUSINESS
TRADING of shares in Hume Industries Bhd
(fundamental: 0/3, valuation: 0.3/3) triggered
our momentum algorithm on Tuesday for
the second time this year.
The stock closed two sen or 2.52% higher
at 81.5 sen on Tuesday, with 2.07 million
shares done, compared with the average
454,593 shares recorded in the past 200
days.
For the second quarter ended Dec
31, 2018, the group’s net loss widened to
RM27.08 million from RM4.44 million in the
previous year due to lower selling prices of
cement despite a marginally higher revenue
of RM163 million compared with RM162.89
million a year ago.
For the first half, the group’s net loss grew
more than 10 times to RM46.08 million from
RM3.9 million in the previous correspond-
ing period as revenue also fell marginally to
RM323.31 million compared with RM324.67
million a year ago.

HUME INDUSTRIES BHD Valuation score* 0.30

Fundamental score** 0.00
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 1.11
TTM Dividend yield (%) -
Market capitalisation (mil) 380.88
(From left) WECT director Datuk Stanley Wong, KL Bunkering chief operating officer Mohamed Reza Shares outstanding (ex-treasury) mil 479.09
Arif, Wee, Mahendran, Lumut Maritime Terminal CEO Mubarak Ali Gulam Rasul and PM Access World Beta 0.74
general manager Wong Keng Meng at the signing ceremony on Tuesday. Wee witnessed the signing of 12-month price range 0.46-1.46
two agreements and an MoU. *Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength

GF disrupts bunkering
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

with smart partnerships FOCUS POINT HOLDINGS BHD (-ve)

KUALA LUMPUR: GF Offshore Sdn Bhd,
an integrated bunkering solution provider,
has established smart partnerships with
various corporations from the oil and gas
(O&G) value chain, which it says earmarks
the start of an emergent integrated busi-
ness model for the industry.
In a statement, GF chief executive officer
(CEO) Datuk Seri Mahendran Chelladorai
said GF chooses to form smart partnerships
that create an asset-light business model
with lower gearing, which could lead to
higher returns.
“Many oil and gas companies believe
they need to build capabilities across the
entire value chain. In a dynamic market,
however, the owner-operator model is a
disadvantage as the costs incurred might
outweigh the value generated,” he said.
GF is a subsidiary-in-waiting of We-
Connect Tech International Inc (WECT), a
public listed e-commerce company in the
US. WECT acquired a 60% stake in GF fol-
lowing a share exchange agreement inked
on March 18 this year.
WECT founder/director and GF chair-
man Datuk Brian Wee witnessed the signing
of two agreements and a memorandum of
understanding (MoU) by Mahendran and
representatives of its smart partners, includ-
ing port partner Lumut Maritime Terminal
Sdn Bhd, storage partner KL Bunkering (M)
Sdn Bhd and collateral management part-
ner PM Access World (Malaysia) Sdn Bhd.
NFCorp issue has to be resolved soon
as it involves public interest — minister
KOTA BARU: Agriculture and Agro-based
Industry Minister Datuk Salahuddin Ayub
wants the National Feedlot Corp (NFCorp)
issue to be resolved immediately because
it involves public interest.
Salahuddin said that for the near fu-
ture, there is a company interested in
acquiring NFCorp within the next few
months.
“I have already made a statement that
a company is interested in acquiring NF-
Corp. We have seen the terms, and this
matter has been submitted to the prime
minister and finance minister,” he said.
He was speaking to the media when
met at the breaking of the fast with min-
GF has previously inked an MoU with its
logistics partner Straits Inter Logistics Bhd.
“Our five-pronged smart partnership ap-
proach involves collaboration with various
parties who are experts in their respective
fields, such as port owners/operators, fuel
suppliers, storage providers, logistics spe-
cialists and collateral management experts,”
Mahendran said.
As the first and sole bunkering operator
at Lumut Port, GF said it has the first-mover
advantage in a strategic base that is located
at the centre of the Strait of Malacca, the
second busiest waterway in the world that
sees more than 84,000 vessels travelling the
route per annum.
It aims to establish the first floating
storage and offloading operations at Lu-
mut Port in anticipation of an expected
high-volume demand.
“We will be servicing vessels of other lo-
cal and international corporations at Lumut
Port. We also want to capture market share
of vessels traversing the Strait of Malacca
by promoting Lumut Port as a cheaper
and time-saving alternative to Singapore.
“With these, we aim to trade a conserv-
ative 1.2 million MT [of] fuel per annum
and to double the volume within the next
two years,” said Mahendran, adding that
the company is gearing up to be a serious
offshore player specialising in bunker-
ing solutions for the O&G industry in the
Asia-Pacific.
istry staff here on Tuesday.
He said his ministry would welcome
the move if the company could meet the
stipulated conditions, including settling
the outstanding loan with the finance
ministry.
“The finance minister has responded
that NFCorp needs to make full repayment
of the loan [with] the terms that must be
complied with.
“I was informed that the company is
very keen to take over NFCorp and if all
conditions are met, there should be no
problem. The new company can contin-
ue the NFCorp project; perhaps we can
change the name,” he said. — Bernama
TRADING of shares in Focus Point Hold- to RM4.45 million against RM927,000 a year
ings Bhd (fundamental: 1.1/3, valuation: ago, thanks to an improved performance of
1.4/3) triggered our momentum algorithm optical and related products as well as the
on Tuesday for the second time this year. food and beverage business.
The stock closed 2.5 sen or 5.75% higher at Revenue for the quarter rose 17% year-
46 sen on Tuesday, with 2.07 million shares on-year to RM50.21 million from RM42.95
done, compared with the average 125,603 million.
shares recorded in the past 200 days. For the full year, Focus Point reported a
For the fourth quarter ended Dec 31, 2018, net profit of RM7.1 million, compared to a
the group’s net profit rose close to five times net loss of RM458,000 previously.
FOCUS POINT HOLDINGS BHD Valuation score* 1.40
Fundamental score** 1.10
TTM P/E (x) 10.11
TTM PEG (x) -
P/NAV (x) 1.25
TTM Dividend yield (%) 5.75
Market capitalisation (mil) 71.78
Shares outstanding (ex-treasury) mil 165.00
Beta 0.12
12-month price range 0.15-0.44
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
GPA HOLDINGS BHD (-ve)
TRADING of shares in GPA Holdings Bhd sealed lead acid batteries used as back-up
(fundamental: 1.2/3, valuation: 0.3/3) trig- power sources for standby and cyclical ap-
gered our momentum algorithm on Tuesday plications.
for the seventh time this year. On March 6, GPA ceased trading and dis-
The stock closed one sen or 8.33% high- tribution of personal care products under
er at 13 sen on Tuesday, with 5.58 million its subsidiary Kenola Sdn Bhd to mitigate
shares done, compared with the average the negative impact and losses incurred.
313,919 shares recorded in the past 200
days.
While its financial year 2019 (FY19) earn-
ings are expected to be affected by an im-
The group manufactures automotive bat- pairment loss and retrenchment cost to be
teries for the domestic and export markets. It incurred, the group said it expects its FY20
also makes rechargeable maintenance-free operating results to improve.
GPA HOLDINGS BHD Valuation score* 0.30
Fundamental score** 1.20
TTM P/E (x) 286.28
TTM PEG (x) -
P/NAV (x) 1.09
TTM Dividend yield (%) -
Market capitalisation (mil) 117.66
Shares outstanding (ex-treasury) mil 980.49
Beta 0.59
12-month price range 0.08-0.12
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
George Town turns to students,
entrepreneurs in repopulation bid
Influx of tourists, rising rents since being declared Unesco heritage site have pushed out residents, businesses
BY B E H L I H Y I
GEORGE TOWN: The faded white
walls and wooden door of Fong
Lai Kheng’s hair salon in the heart
of Penang’s George Town stand
out on a street lined with sou-
venir shops, cafes and colourful
murals.
But not for much longer. After
a fourfold increase in her rent in
just five years, Fong is planning
to shut her business when the
lease expires this year after five
decades — joining an exodus of
residents and traditional traders.
The Penang port city of George
Town became a Unesco world
heritage site in 2008, but since
then an influx of tourists and ris-
ing rents have pushed out resi-
dents and the businesses that
serve them.
“What else can we do?” asked
Fong between washing and dry-
ing the hair of one of her regular
customers. “There are many oth-
ers who are eager to rent even if I
don’t. I just have to pack my bags
and retire.”
Once an important trading
hub, George Town is a melting
pot of Malaysia’s rich cultural
diversity, where British colonial
buildings sit alongside Chinese
shophouses, mosques and Hin-
du shrines.
Since winning world herit-
age status, it has become one of
Asia’s best-known tourist spots,
attracting 3.8 million visitors in
2018 — more than double 2007
level, official data show.
But as with other world herit-
age sites — from Venice to Viet-
nam’s Hoi An — there are fears
the city could become a victim of
its own success as the onslaught
of tourists and exodus of residents
threaten its unique character.
‘Fake Disneyland’
Eager to find ways of repopu-
lating the city, the council is
refurbishing six dilapidated
pre-war shophouses, aiming
to draw a new generation of res-
UK housing market weathers Brexit clouds, but sharp gains unlikely — poll
BY J O N AT H A N C A B L E
LONDON: Britain’s expensive
housing market has so far weath-
ered the uncertainty swirling
around the country’s planned
departure from the European Un-
ion (EU), but average prices are
unlikely to rise sharply and will
fall in London this year, a Reuters
poll found.
Nearly three years ago, Brit-
Once an important trading hub, George Town is a melting pot of Malaysia’s rich cultural diversity.
idents — students and tech-savvy
entrepreneurs — into the heart
of the city.
The new scheme is inspired by
co-living spaces in crowded, expen-
sive cities from London to Hong
Kong, with tenants sharing a kitch-
en and living room.
They will follow the traditional
design, with shops on the ground
floor and living quarters above.
Penang Island City Council May-
or Datuk Yew Tung Seang, who is
spearheading the pilot scheme,
hopes it will boost affordability
and help attract young tenants who
would not otherwise have been able
to move to the city.
“Everything was converted into
hotel, hotel, hotel — it became a
tourist town,” Yew told the Thom-
son Reuters Foundation. “Even-
tually what we are hoping to see
is a vibrant city where people stay
in the city.”
The population of George Town
has been falling since 2000 when
rent control laws were repealed,
causing some rents to triple, ac-
ons surprised most of the world
when they voted to split from
the EU, yet it is still unclear how,
when or even if the two sides will
part ways.
Prime Minister Theresa May
said on Sunday she would make
a final attempt to get her Brexit
divorce deal through parliament
before she leaves office, some-
thing she has failed to manage
three times already.
cording to a report by the govern-
ment-linked Khazanah Research
Institute.
The number of permanent resi-
dents in the city almost halved be-
tween 2007 and 2009 to just 10,000
as owners of heritage properties
sold or renovated them to fetch
higher rents, the report said.
The number of hotels in the city
meanwhile rose nearly 60% be-
tween 2009 and 2013.
No figure for the current popu-
lation is available.
“Co-living and co-working are
not easy to succeed. I know that,”
said Yew. “Our ultimate idea is that
people will move back to George
Town and stay here.”
The scheme to repopulate
George Town will also be tested on
another row of 10 privately owned
shophouses, where 17 rooms are
up for rent as commercial spaces
for technology-related events such
as coding boot camps.
Owner Yeap Leong Huat, a busi-
nessman, said he hoped the project
would be a “catalyst for change”
With no resolution in sight,
Brexit uncertainty has affected
property prices in the capital —
long a magnet for foreign spec-
ulators — as people have shied
away from investing, despite a fall
in sterling since the referendum
making UK housing a relatively
cheaper investment.
Real estate agent Foxtons,
which focuses on the London
market, said on Monday UK prop-
and inspire other private owners
to do the same.
“George Town is an old town.
We have the romance of the past,
but we want to show that there is
the power of the future in this old
city too,” said entrepreneur How-
ie Chang, who is managing the 10
shophouses.
But activists fighting to save
George Town’s heritage were scep-
tical that such projects would draw
people back into the city.
“It’s too little too late,” said Mark
Lay, a New Zealander who has lived
in the city since 2012 and co-found-
ed the non-profit George Town
Heritage Action Group.
He said the city was rapidly los-
ing its intangible heritage — the
traditional traders who have been
forced out — while lax law enforce-
ment meant heritage buildings
were being demolished or reno-
vated without adhering to conser-
vation guidelines.
He said the government should
prioritise existing residents strug-
gling to live in the city due to high
erty sales were running at record
lows due to the impact of Brexit
on consumer confidence.
According to the May 10-21
Reuters poll, prices will drop 2%
in London this year, the same
median forecast given in a Feb-
ruary survey.
But that might not be a bad
thing for buyers. When asked
to describe the level of London
house prices on a scale of one to
P R O P E RT Y 9
costs, including by improving
public services and access to fi-
nancial aid, as well as capping
the number of hotels.
“If the government takes care
of the locals, everything else will
fit in. Tourists can see what the
authorities are doing — this is just
turning into a fake Disneyland.”
‘No solutions’
The transformation into a tourist
town has also left visitors dis-
appointed, according to Joann
Khaw, a tour guide of over 25
years and a heritage conserva-
tion campaigner.
In recent years, Khaw has had
to venture further away from the
heritage area to cater to demand
from tourists who ask to see the
more authentic side of local life.
“How many residents are there
left? These are all trinket shops,
cafes, guest houses and bars. The
tourists would tell me, ‘We have this
at home, we don’t need to come all
the way to see this,’” she said.
When asked about the con-
cerns, Unesco said by email that
it was “following up on conser-
vation issues” with Malaysian
authorities.
Even Penang Chief Minister
Chow Kon Yeow said projects
such as the refurbishment of old
shophouses were “a drop in the
ocean”.
“Even if [the project] is suc-
cessful, that shophouse will no
longer have the same trade [as]
before it was refurbished,” said
Chow in an interview.
The street where the leader
himself grew up is now lined with
trinket shops and cafes, includ-
ing one inspired by the Harry
Potter novels.
“It’s difficult, it’s very chal-
lenging — probably no solutions.
The city will transform itself —
slowly but surely — and lose the
universal values that earned us
the Unesco listing. That is a big
challenge.
“The old George Town will be
lost, bit by bit,” he said. — Reuters
10 from extremely cheap to ex-
tremely expensive, the median
response was 8.5, higher than
in previous surveys. Nationally,
they were rated 6.0.
“It’s the same old story —
housing is cheap for those with
some capital behind them, given
low funding costs, but very ex-
pensive in terms of the income
multiple,” said Peter Dixon at
Commerzbank. — Reuters
10 T HU R SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 11
12 H O M E
Former Pahang Sultan dies at 88
Condolences pour in for the King and Pahang royal family
KUANTAN: Pahang’s Paduka Aya-
handa Sultan Haji Ahmad Shah
Al-Musta’in Billah died at the Na-
tional Heart Institute in Kuala Lum-
pur at 8.50am yesterday, Pahang
Menteri Besar Datuk Seri Wan Rosdy
Wan Ismail said.
“With profound grief and sad-
ness, I hereby announce the death
of Kebawah Duli Yang Maha Mulia
Paduka Ayahanda Sultan Haji Ah-
mad Shah Al-Musta’in Billah Almar-
hum Sultan Abu Bakar Ri’ayatuddin
Al Muadzam Shah in the morning
of Wednesday, May 22,” he said in
a statement.
Sultan Ahmad Shah, 88, was the
fifth Sultan of Pahang and the father
of the current Yang di-Pertuan Agong
Al-Sultan Abdullah Ri’ayatuddin
Al-Mustafa Billah Shah.
He passed the Pahang throne to
Al-Sultan Abdullah on Jan 12, Ber-
nama reported.
Sultan Ahmad Shah, born in Pekan
on Oct 24, 1930, was the third child
of Sultan Abu Bakar and Raja Amp-
uan Fatimah Sultan Iskandar Shah.
Sultan Ahmad Shah was pro-
claimed as the fifth Sultan of Pa-
hang on May 7, 1974, following the
death of his father.
He was the seventh Yang di-Per-
tuan Agong from April 26, 1979, to
April 25, 1984.
Sultan Ahmad Shah married
‘Reopening of
Pangkor Airport
will boost it as
duty-free island’
LUMUT: The reopening of Pang-
kor Airport on Oct 1 is expected
to boost tourism and business
on the resort island which will be
a duty-free destination by early
next year.
State Tourism, Arts and Cul-
ture Committee chairman Tan
Kar Hing said an airline com-
pany, SKS Airways Sdn Bhd, is
expected to begin its flights to
the island from Subang Airport.
“This is good news for the peo-
ple in Perak, particularly the res-
idents of Pulau Pangkor, as we
all know that this island will be
duty-free from Jan 1, 2020.
“Besides promoting Pulau
Pangkor, we will start operating
the flights earlier for the purpose
of familiarisation with the oper-
ations before implementing the
duty-free status for the island,”
he told a news conference after
a working visit to the island with
tourism industry players.
Pangkor Airport was opened
in 1993, with the airstrip measur-
ing 732 metres but its flight oper-
ations stopped in February, 2014.
Tan said the conditions at the
airport would be looked at again
to ensure public safety and com-
fort at the airport with its reopen-
ing. — Bernama
Tengku Hajah Afzan Tengku Mu-
hammad on April 22, 1954, and
was blessed with two sons and five
daughters — Tengku Tan Sri Meri-
am, Tengku Datuk Seri Muhaini,
Tengku Datuk Seri Aishah Marcella,
Al-Sultan Abdullah, Tengku Abdul
Rahman, Tengku Datuk Nong Fati-
mah and Tengku Datuk Shahariah.
Police housing woes to be raised
with home ministry — IGP
PASIR MAS: Inspector-General of
Police (IGP) Datuk Seri Abdul Ha-
mid Bador said he will be using feed-
back from recent police contingent
visits to raise several concerns to the
home ministry regarding the welfare
matters concerning the force.
He said housing is definitely a
problem, especially in the Klang
Valley, where rentals are expensive
compared to the low salaries and
allowances of police officers and
personnel.
Civil servant loses RM1m in Macau scam
MIRI: A civil servant here lost
RM1,096,800 after falling victim to
the Macau scam early this month.
Sarawak Commercial Crime In-
vestigation Department chief Supt
Mustafa Kamal Gani Abdullah said
the woman, 52, was contacted on
May 7 by another woman named
Syaifa Omar who claimed to be from
the Terengganu court.
He said the victim was allegedly
told by the woman that her bank ac-
count had been compromised for
drug smuggling and money laun-
dering totalling RM90,000.
The victim was then contacted
by a man named Sufian Sulaiman
Cabinet ministers led by Prime
Minister Tun Dr Mahathir Moham-
ad and his wife, Tun Dr Siti Hasmah
Mohd Ali expressed their condo-
lences to Yang di-Pertuan Agong
Al-Sultan Abdullah and the Pahang
royal family over the passing of Sul-
tan Ahmad Shah.
Pahang state secretary Datuk Seri
“The affordable ones are most-
ly out of range and this is causing
them to be really burdened finan-
cially,” he told newsmen after a visit
to the Malaysian-Thailand border.
Abdul Hamid said however,
members of the force understand
the government’s financial con-
straints at present and were will-
ing to wait for it to be nursed back
to health.
He also praised the Kelantan
police contingent and the General
who warned her that her account
would be frozen and advised her
to open a new savings account and
transfer her money to it.
The man also advised the vic-
tim to change her registered on-
line banking contact number to the
number given by him.
On the instructions of the man,
the victim claimed she credited her
whole savings of RM1,096,800 into
the other account in stages from
May 7 until May 20 through 18 trans-
actions.
“The victim only realised that she
had been cheated after checking
her account through the automat-
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Prime Minister
Tun Dr Mahathir
Mohamad arriving
at Istana Negara
to pay his last
respects to the
late Sultan Ahmad
Shah who died
at the National
Heart Institute
yesterday. Photo
by Bernama
Dr Sallehuddin Ishak told a press
conference in Kuantan that Sultan
Ahmad Shah’s remains would be
taken to Istana Abu Bakar in Pekan.
Sultan Ahmad Shah would be
laid to rest at the Royal Mausoleum
of Pekan located next to the Sultan
Ahmad Shah mosque after zohor
prayers today. — Bernama
Operations Force Ninth Battalion
for successfully patrolling and pro-
tecting the nation’s borders despite
constantly being exposed to dan-
gerous situations.
“I want to take this opportunity
to remind all officers and person-
nel to uphold their integrity and
always be wary as this (Op Wawa-
san border) area is very sensitive,
there is smuggling of firearms, and
we can’t rule out untoward things
happening,” he said. — Bernama
ed teller machine (ATM) and found
only RM21 in her balance,” Mustafa
Kamal said in a statement yesterday.
He cautioned the public against
responding to calls from uniden-
tified individuals and to contact
013-2111222 should they have any
information on the Macau scam.
“The police or government agen-
cies would never ask the public to
bank in money or make payments
such as summons through ATM to
personal accounts,” he said.
Mustafa said 63 Macau scam cas-
es involving RM3.9 million were re-
ported between Jan 1 and May 20,
2019, with 15 arrests. — Bernama
IN BRIEF
‘Efforts to save
death row inmate
the right move’
KUALA LUMPUR: The govern-
ment’s efforts to save a Malay-
sian facing the death penalty
for drug trafficking in Singapore
have won the support of hu-
man rights group Hakam. The
group noted that Foreign Min-
ister Datuk Saifuddin Abdul-
lah and Minister in the Prime
Minister’s Department Datuk
Liew Vui Keong are making
efforts to save Pannir Selvam
Pranthaman, who is sched-
uled to be hanged tomorrow.
“Hakam reiterates its stance
that the death penalty violates
the right to life, which is the
most basic of all human rights.
It also violates the right not
to be subjected to torture and
other cruel, inhumane or de-
grading treatment or punish-
ment. Furthermore, the death
penalty undermines human
dignity which is inherent to
every human being,” Hakam
secretary-general Lim Wei Jiet
said in a statement.
Another ex-officer
remanded over
armoured vehicle probe
PUTRAJAYA: A former senior
officer of a company has been
remanded for four days from
yesterday to assist in the in-
vestigation into alleged cor-
ruption involving the supply
of armoured military vehicle
equipment. The remand order
was issued by magistrate’s court
assistant registrar Siti Rosliza-
wati Mohd Zanin to allow the
Malaysian Anti-Corruption
Commission (MACC) to con-
duct a further investigation
under Section 16 (a)(A) of the
MACC Act 2009. The 56-year-
old suspect was arrested at
the MACC headquarters at
10.40pm on Tuesday night. —
Bernama
Health ministry denies
claim on monkeypox
KUALA LUMPUR: The health
ministry has denied a claim
going viral on social media
that a Malaysian in Singapore
has contracted monkeypox.
Health director-general Datuk
Dr Noor Hisham Abdullah in a
statement yesterday said it was
false news and insisted there
was no monkeypox infection
detected in the country. “No
Malaysian has been reported
by Singapore’s health ministry
to have contracted the disease.
— Bernama
‘No extension for public
display of EIA report’
GEORGE TOWN: The Penang
government will not extend
the public display period of
the Penang South Reclamation
environmental impact assess-
ment (EIA) report. Chief Min-
ister Chow Kon Yeow said the
current display period of one
month since April 29 is ade-
quate for the public to study
the report. “We feel the period
given is sufficient and we have
no plan to extend the period.
— Bernama
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 13

Dayang’s capital
Initiatives expected to support
Gabungan AQRS’ property sales
Gabungan AQRS Bhd LRT3. We note that the progress

raising seen to save

(May 21, RM1.24)
Maintain buy with a lower target
price of RM1.72: Gabungan AQRS
Bhd has reported its first quarter
of financial year 2019 (1QFY19)
is already picking up, which will
likely manifest in 2QFY19.
Property revenue fell by 9.4%
y-o-y from the corresponding pe-
riod last year, attributable to lower

RM6.6m on interests
Dayang Enterprise Holdings Bhd Dayang Enterprise Holdings Bhd
(May 21, RM1.13)
Maintain underperform with a FYE DEC (RM MIL) 2018A
lower target price of RM1.05: Last Revenue 937.6
week, Dayang Enterprise Holdings Ebit 292.9
Bhd announced a capital-raising
exercise entailing: i) a proposed PBT 220.0
rights issue, on the basis of one rights Net profit (NP) 164.2
share for every 10 shares at an issue Core net profit 164.2
price to be determined later; and Consensus (NP) - 116.3
ii) a proposed private placement Core EPS (sen) 17.0
representing approximately 10% of Core EPS growth (%) nm
the total issued share capital at an BV/share (RM) 1.2
issue price to be determined later.
Based on an illustrative issue price Core PER (x) 6.8
of 80 sen per share for the rights PBV (x) 1.0
issue and RM1.14 per share for the Gearing (x) 0.8
private placement, the exercises are Source: Kenanga Research
expected to raise up to approximate-
ly RM187 million — most of which
will be used for debt repayment also simultaneously announced a
and sinking funds. The proposals proposed renounceable rights is-
are expected to be completed by sue of new redeemable convertible
the fourth quarter of 2019. preference shares (RCPS), intending
The proposals are undertaken to raise a minimum of RM445 mil-
in conjunction with a proposed lion to be used for the repayment
sukuk issuance of RM682.5 million of Dayang’s advances.
as part of Dayang’s debt restructur- We do not find the announce-
ing scheme. Of the sukuk proceeds ments surprising given Perdana’s
raised, RM365 million will be ad- involvement with the corporate
vanced to Perdana Petroleum Bhd debt restructuring committee of
(a 60.5%-owned listed subsidiary) Bank Negara Malaysia, coupled with
for the settlement of its borrowings, management’s repeated guidance
with the remaining proceeds used over the past several quarters. Based
as refinancing of Dayang group’s on the illustrative issue prices, the
borrowings. In turn, Perdana has proposals are expected to dilute
results, with earnings deviating
from our full-year forecast. Profit
after tax and minority interests was
booked at RM11.3 million, lower by
31.4% year-on-year (y-o-y) from the
same period last year. Consequent-
ly, earnings accounted only 14.9%
and 13.1% of our and consensus
full-year estimates respectively.
Construction, being one of the
2019E 2020E key business segments, saw its
1,185.4 1,195.4 1QFY19 income drop by 36.2%
215.3 217.0
y-o-y to RM70.1 million. For the
quarter, its revenue was largely
148.2 146.9 recognised from the works done
106.1 105.1 for the Sungai Besi-Ulu Kelang
106.1 105.1 Elevated Expressway and Pusat
132.5 Pentadbiran Sultan Ahmad Shah.
11.0 10.9 The two projects accounted for ap-
-35.4 -0.9 proximately 17.6% of Gabungan
1.2 1.3
AQRS’ outstanding jobs. During
the period, the progress of the light
10.5 10.6 rail transit 3 (LRT3) package was
1.0 0.9 slower due to a cost review done
0.9 0.7 by the government. Subsequent-
ly, it resulted in Gabungan AQRS
reporting lower segmental profit
after tax (PAT) by 69% at RM6.1
Dayang’s share base by approxi- million. The slowdown was partly
mately 20%, while reducing group expected, given the earlier guid-
net borrowings by 8% to RM798 ance on a new work timeline of
million, thus lowering net gearing to
0.6 times, from 0.8 times currently.
This would result in approximately Gabungan AQRS Bhd
RM6.6 million interest savings per
annum. At Perdana’s level, the RCPS FYE DEC (RM MIL) 2016
is expected to dilute its share base Revenue 330.00
by 2.3 times to 2.5 times (depending Op/Inc 41.28
on a final issuance basis), also re- Patmi 33.30
sulting in a massive 72% reduction EPS (Sen) 7.69
in its borrowings to RM178 million,
EPS (growth) (%) 409.0
thereby lowering its net gearing to
0.2 times from 1.4 times previously. PER (x) 12.38
— Kenanga Research, May 21 Source: MIDF Research
work progress in The Peak project.
Positively, the division rebounded
from the RM1.4 million earlier loss-
es in 1QFY18 to book RM4 million
PAT in 1QFY19. For subsequent
quarters, we expect sales to gain
support from the initiatives intro-
duced, such as a homeownership
scheme and a cashback package. As
of 1QFY19, Gabungan AQRS’ un-
billed sales stood at RM91.5 million
with unsold property units valued at
RM532.5 million. The management
is targeting RM500 million sales in
FY19 on the E’island Lake Haven
in Puchong and the relaunch of
The Peak in Johor Baru City Centre.
Gabungan AQRS is supported
by RM2.4 billion worth of outstand-
ing order book to keep it busy until
FY21. While we remain conserv-
ative on the outlook this year, it
is targeting an ambitious RM1.5
billion of new jobs for FY19. Giv-
en that the current tender book is
largely composed of infrastructure
works, we opine that the timeline
of the outcome is dependent upon
the government’s finalisation of re-
views and roll-outs of key projects.
— MIDF Research, May 21
2017 2018 2019E 2020E
469.40 582.47 775.38 1,162.09
82.60 91.81 93.05 139.45
48.00 63.57 54.28 80.18
8.70 10.81 8.94 13.21
13.2 24 -17 47.7
12.6 10.2 12.3 8.3

Kelington’s order book seen to boost earnings growth

Kelington Group Bhd Kelington Group Bhd
(May 21, RM1.24)
Maintain buy with a higher target FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F
price of RM1.63: Kelington Group Total turnover 313 350 458 540 627
Bhd has recently bagged several
Net profit 15 19 25 29 34
new contracts, largely for special-
ised engineering works under its Net profit growth (%) (26.6) 34.1 26.4 19.3 16.5
ultra-high-purity (UHP) segment. Recurring EPS (RM) 0.05 0.06 0.08 0.10 0.11
This brought new orders it secured Recurring PER (x) 27.0 20.1 15.9 13.3 11.4
to RM146 million in the first quar- P/B (x) 5.0 3.4 2.5 2.2 1.9
ter of financial year 2019 (1QFY19), P/CF (x) 16.9 46.7 12.8 12.9 10.9
from RM78 million in 1QFY18. The Dividend yield (%) 1.3 0.8 1.5 1.9 1.7
UHP projects’ order book stands at
EV/Ebitda (x) 18.1 12.0 8.9 7.0 5.8
RM295 million, or 73% of the group’s
outstanding order book of RM406 ROAE (%) 20.0 20.0 18.1 17.7 17.9
million. Despite some concerns, Interest cover (x) 24.9 29.0 22.1 18.7 21.7
new orders from China remained ro- Sources: Company data, RHB
bust in 1QFY19 (an estimated RM40
million to RM50 million projects
secured are from there). We note quarter-on-quarter on seasonality. expect a ramp-up in the industrial
upside risks to our order book as- While we retain our new order gas business to capitalise on early
sumption if Kelington secures size- book replenishment assumptions opportunities. This includes an esti-
able contracts or projects. for FY19 to FY21, we take the op- mated RM6 million capex for a facto-
The group is slated to announce portunity to adjust our progress bill- ry in China to house specialty gases.
its March quarter results by the end ings to reflect the more cautious fab We continue to like Kelington for
of the month. We expect its 1QFY19 spending outlook for China in the its strong earnings growth prospects
core earnings to surpass 1QFY18’s medium term on concerns over the and order book. It is set to emerge as
RM2.7 million (excluding the one- country’s protracted trade tiff with a strong challenger in the lucrative
off settlement claim from Biocon) the US. We also lift our capital ex- liquid carbon dioxide market with
based on its order book expansion penditure (capex) assumptions by the completion of its production fa-
Filepic of Kelington’s headquarters in Shah Alam, Selangor. The group is slated to and better revenue mix. However, RM5 million to RM10 million over cility by year end. — RHB Research
announce its March quarter results by the end of the month. The Edge file photo core earnings are likely to be weaker the next two financial years as we Institute, May 21
14 B R O K E R S’ C A L L T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

KPJ sees better The telecom giant will be

banned from buying parts
and components from US
companies without the

turnaround for its

government’s approval.
Photo by Reuters

Indonesia operations
KPJ Healthcare Bhd The disposal
(May 21, 93.5 sen)
Downgrade to hold with a lower
of KPJ’s Huawei ban could see ripple effects
57%-owned
target price (TP) of RM1: While aged-care
on entire industry
KPJ finally charted a strong recov- business in
ery in inpatient volume growth in Australia is now
Technology sector er key component in some types
2018, we think that the recovery targeted to be
Maintain neutral: Last week, the of networking machinery.
could be short-lived, as we have completed by
US president signed an executive The escalation of this conflict
seen weakness in the consumer the second half
order to bar the use of telecom- is harmful to the whole tech sec-
sentiment index, and there is a high of 2019. The
munication equipment made by tor, in our opinion. While this may
correlation between KPJ’s inpatient Edge file photo
companies that are deemed a disrupt Huawei’s supply chain,
volume growth and the index move- threat to national security, and the trade restriction will equal-
ments. Moreover, despite recording the Commerce Department fol- ly hurt US companies which in-
stronger operational statistics and lowed up by adding Huawei and creasingly rely on the China mar-
KPJ Healthcare Bhd
higher revenue, 2018 core earn- 70 affiliates to its “Entity List”. ket for growth and profitability.
ings declined 2% year-on-year on With this inclusion, the tele- Lumentum Holdings has slashed
higher tax and depreciation, as its FYE DEC (RM MIL) 2017A 2018A 2019E 2020E 2021E com giant will be banned from its next quarterly earnings fore-
expansion resumed. Revenue 3,180.0 3,308.1 3,432.7 3,591.3 3,780.2 buying parts and components cast by 23% (mid-point) in view
Hence we are also cautious on Ebitda 403.4 453.7 569.5 605.4 635.5 from US companies without the of this ban.
potential start-up losses from the Pre-tax profit 233.3 266.5 267.8 278.0 288.1 government’s approval. Although this is the same
greenfield expansion which may Net profit 165.6 181.6 182.9 190.8 197.5 The maker of the world’s most treatment towards its compet-
dilute its near-term earnings. EPS (sen) 3.8 4.2 4.2 4.4 4.5 popular smartphone OS was ing sibling in 2017, we think Hua-
KPJ’s Indonesia operations, which forced to suspend business op- wei’s case would send more im-
PER (x) 25.0 22.7 22.6 21.7 20.9
fell into the red since the fourth quar- erations with Huawei with imme- pactful ripple effects due to its
ter of financial year 2017 as a result of Core net profit 177.8 173.9 182.9 190.8 197.5 diate effect. While it has later clar- world leading positions. Hua-
the new national healthcare policies, Core EPS (sen) 4.1 4.0 4.2 4.4 4.5 ified that current Huawei phones wei is world’s largest telco in-
reported narrowed pre-tax losses Core EPS growth (%) 4.7 (1.7) 4.7 4.3 3.5 will continue to be supported, frastructure vendor and run-
and positive earnings before interest, Core PER (x) 23.3 23.7 22.6 21.7 20.9 this announcement has created ner-up in smartphone supplier
taxes, depreciation and amortisation Net DPS (sen) 1.7 1.9 1.9 2.0 2.0 major uncertainties and risks on with around 19% market share in
(Ebitda) in 2018. Dividend yield (%) 1.8 2.1 2.0 2.1 2.1 the world’s second-largest smart- the first quarter of 2019 (1Q19)
With the ongoing realignment of phone supplier which equipped according to IDC.
EV/Ebitda (x) 13.9 12.1 11.7 11.0 10.5
the business mix to enhance ser- its products entirely on Android. Apple may see limited benefit
vice offerings targeting more pri- Chg in core EPS (%) (11.6) (13.4) (7.5) It was reported that chipmak- due to iPhones’ high price points
vate patients, KPJ aims to achieve Affin/Consensus (x) 1.0 0.9 0.9 ers including Intel, Qualcomm, and potential nationalistic retalia-
profit before tax turnaround for its Sources: Company, Bloomberg, Affin Hwang forecasts Xilinx, Broadcom, Micron and tion by the Chinese, who are still a
Indonesia operations by end-2019. Western Digital have suspended significant market for Apple (16%
In addition, the disposal of its their shipments to Huawei until of Apple sales in first half of 2019).
57%-owned aged-care business count for i) the adoption of the new below its five-year price earnings further notice. Intel is the main Samsung is likely to have the up-
in Australia, which was postponed accounting standard, MFRS16, ii) and earnings value/Ebitda means, supplier of server chips to the Chi- per hand in this dispute, thanks
due to the royal commission of in- lower inpatient volume growth due we believe valuation is fair at cur- nese company, Qualcomm pro- to its wide spectrum of products
quiry and the soft property market, to weaker consumer sentiment, rent levels in light of the risk of a vides processors and modems for and end-to-end in-house capa-
is now targeted to be completed by and iii) start-up costs from new potential derating of the stock on many of its smartphones, Xilinx bility. Hence, the spillover effects
the second half of 2019. hospital expansion. weakening consumer sentiment. sells programmable chips used towards non-Korean suppliers are
We cut our 2019-2021 earnings While the stock is currently — Affin Hwang Capital Research, in networking and Broadcom is a usually hardly felt. — Hong Leong
for KPJ by 7%-13%, mainly to ac- trading at two standard deviation May 21 supplier of switching chips, anoth- Investment Bank, May 21

N2N’s online trading solutions could help gain market share

N2N Connect Bhd (q-o-q), N2N recorded a 39% jump bution from this new digital plat- N2N Connect Bhd
(May 21, 72.5 sen) in core net profit on the back of form as adoption may be slow-
Maintain buy with a fair value improved trading volume (+24% er-than-expected due to the current FYE DEC (RM MIL) 2018 2019F 2020F 2021F
(FV) of 95 sen: Stripping off for- q-o-q) and value (+32% q-o-q) as weak market sentiment. Revenue 108.1 114.9 122.2 130.1
eign exchange (forex) impact, 4QFY18 was plagued with negative Near-term earnings will be driv-
Core net profit 12.4 22.8 25.2 27.8
N2N’s first quarter of financial global sentiment. On top of that, en by the replacement of back office
year 2019 (1QFY19) core net profit the cost savings from the AFE side system (BOS). FD core EPS (sen) 2.1 3.8 4.2 4.7
rose 23% year-on-year (y-o-y) to has led to seven percentage points The company is currently in talks FD core EPS growth (%) (29.7) 83.3 10.5 10.6
RM5.4 million. increase in pre-tax margin. with clients from the Philippines Consensus net profit - 25.5 28.0 30.9
However, it still fell short of our The company will continue to see and several local brokers, and ex- DPS (sen) 4.0 3.0 3.0 3.0
full-year forecast and market con- improvement in margins as over- pects to secure two to three more PER (x) 35.8 19.6 17.7 16.0
sensus accounting for only 19% lapping licences will be terminat- BOS contracts this year with total EV/Ebitda (x) 12.5 10.1 8.8 7.7
and 21% respectively, largely due ed progressively upon expiration. value estimated at RM12 million
Dividend yield (%) 5.4 4.0 4.0 4.0
to lower trading activities in the N2N plans to launch a new digi- to RM36 million.
local equity market. tal platform in mid-FY19 based on Earnings contribution from this ROE (%) 5.8 9.1 9.8 10.5
While the company saw better blockchain technology. The digi- will be spread out until FY20, depend- Source: AmInvestment Bank

cost control and reduction in over-
lapping licences from its Hong Kong
subsidiary AFE Solutions Ltd (AFE),
it was partially offset by lower av-
erage daily trading volume which
decreased 15% y-o-y while traded
value dipped 26% y-o-y.
Comparing quarter-on-quarter
talised platform allows trading of
multiple financial instruments in
one venue, including equities, de-
rivatives and currencies.
This should provide better ac-
cessibility, improved liquidity and
reduced transaction cost. We have
not factored in any earnings contri-
ing on the time of implementation.
The existing BOS system in local
houses is not efficient enough to
cope with new features, and with
the implementation of new instru-
ments such as the IDSS and T+2
settlement, the system needs to pro-
cess transactions more frequently
which necessitates an upgrade.
We continue to like N2N due
to: i) its leading position in the on-
line trading solutions space; ii) the
acquisition of AFE, which offers
tremendous earnings accretion;
and iii) the affordability of TCPro
Global, which could help the group
win market share from global com-
petitors such as Bloomberg and
Thomson Reuters. — AmInvestment
Bank, May 21
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Trump blacklist could
hit some unusual suspects
Any potential ban would be crippling for surveillance giant Hikvision but it risks targeting international firms, too
BY ANJANI TRIVEDI
F
or China’s surveillance
giant, the future has
been looking bleak for
a while now. The Trump
administration’s escalat-
ing war on the country’s
tech sector is only making things
worse — and the net is widening.
The US is now considering black-
listing one of Beijing’s national in-
dustrial-technology champions,
Hangzhou Hikvision Digital Tech-
nology Co, among four other Chi-
nese spy-tech firms. The restrictions,
similar to those imposed on Huawei
Technologies Co last week, would
curb Hikvision’s ability to buy Amer-
ican technology and access the US
market. The limits not only further
President Donald Trump’s attempts
to cut off China’s rise in global tech-
nology, but also punish the com-
pany’s role in the surveillance and
Modern monetary disasters
BY S E B AST I A N ED WA RD S
MODERN Monetary Theory (MMT),
a seemingly new approach to eco-
nomic policy, has become a hot
topic, gaining support from leading
US progressives such as presidential
candidate Bernie Sanders and Dem-
ocratic Representative Alexandria
Ocasio-Cortez. But MMT enthusi-
asts should heed lessons learnt in
Latin America, where policies based
on similar ideas inevitably ended in
economic catastrophe.
According to MMT’s supporters,
the US Federal Reserve should print
large amounts of money to finance
massive public infrastructure pro-
jects, along with a “job guarantee”
programme aimed at ensuring full
employment. A major increase in
public sector debt, MMT backers
claim, does not represent a danger
for a country that can borrow in its
own currency, as the US can.
This unconventional view has
been criticised by Keynesians and
monetarists alike. Many respected
academic economists, including
Paul Krugman, Kenneth Rogoff,
and Larry Summers, say that MMT
makes little sense.
In response, MMT supporters
argue that the theory’s critics do not
fully understand how a modern mon-
etary economy works. According to
influential MMT advocates such as
Stephanie Kelton, governments in
countries with their own national
currency, such as the US, do not face
hard budget constraints because they
can simply print more money to fi-
nance higher expenditures.
Assessing the merits of MMT is
difficult, for two reasons. For start-
alleged mass detention of Uighurs,
a Muslim ethnic minority group in
the western region of Xinjiang. The
news sent investors fleeing from the
stock, a foreign-investor favourite in
recent years.
For Hikvision, the effects could
be crippling: Losing complete ac-
cess to US parts from the likes of
Western Digital Corp, Intel Corp,
Ambarella Inc and Xilinx Inc would
put 10% of its revenue at risk, given
the lack of alternative suppliers.
Meanwhile, the company could
lose another 10% to 12% by turn-
ing to less-than-ideal substitutes,
according to Bernstein Research.
Despite unleashing an army of
lobbyists in Washington, Hikvision’s
fate has been all but sealed since
initial reports last year that the US
was considering sanctions against
the company and Chinese officials
over the detention of ethnic Uighurs
and other minority Muslims in in-
ers, its supporters have not provid-
ed a unified, detailed description of
how the model is meant to work.
As Krugman recently wrote, MMT
backers “tend to be unclear about
what exactly their differences with
conventional views are, and also
have a strong habit of dismissing out
of hand any attempt to make sense
of what they’re saying”. In addition,
MMT supporters have offered hardly
any inkling of how the policy might
function in practice, especially in
the medium and long term.
Yet the approach is not unprec-
edented. MMT, or some version
of it, has been tried in several Lat-
in American countries, including
Chile, Argentina, Brazil, Ecuador,
Nicaragua, Peru, and Venezuela.
All had their own currency at the
time. Moreover, their governments
— almost all of which were popu-
list — relied on arguments similar
to those used by today’s MMT sup-
porters to justify huge increases in
public expenditure financed by the
central bank. And all of these ex-
periments led to runaway inflation,
huge currency devaluations, and
precipitous declines in real wages.
Four episodes in particular are
instructive: Chile under President
Salvador Allende’s socialist regime
from 1970 to 1973; Peru during
President Alan Garcia’s first admin-
istration (1985-1990); Argentina
under Presidents Nestor Kirchner
and Cristina Fernandez de Kirchner
from 2003 to 2015; and Venezuela
since 1999 under Presidents Hugo
Chavez and Nicolas Maduro.
In all four cases, a similar pattern
emerged. After the authorities creat-
ed money to finance very large fiscal
ternment camps. Overseas revenue
— at one point around a third of the
company’s total — has struggled.
In the first quarter of this year, rev-
enue growth slowed to around 7%
while profit dropped 15%.
If the Trump administration’s
dragnet spreads, several interna-
tional companies will be caught in
the crossfire, too. These firms have
been banking on construction in
Xinjiang, where excavator sales
surged more than 75% in April from
a year earlier. Meanwhile, public
spending budgets in this province
and others rose 3.8% this year, com-
pared with 3.5% in 2018. Energy and
electricity production are climbing
and imports from foreign-funded
enterprises into the province have
grown in recent months, too.
This bustling business activity
has drawn some of America’s largest
companies to this province. In 2016,
the American Chamber of Com-
A poster of late former Venezuelan President Hugo Chavez hangs in front of the
National Assembly building in Caracas, Venezuela on May 1. Inflation is expected to be
almost 10 million percent in Venezuela this year. Photo by Reuters
deficits, an economic boom imme-
diately followed. Wages increased
(helped by substantial minimum
wage hikes) and unemployment de-
clined. Soon, however, bottlenecks
appeared and prices skyrocketed,
in some cases at hyperinflation-
ary rates. Inflation reached 500% in
Chile in 1973, some 7,000% in Peru
in 1990, and is expected to be almost
10 million percent in Venezuela this
year. In Argentina, meanwhile, in-
flation was more subdued but still
very high, averaging 40% in 2015.
The authorities responded by
imposing price and wage controls
and stiff protectionist policies. But
the controls did not work, and out-
put and employment eventually
collapsed. Worse still, in three of
these four countries, inflation-ad-
justed wages fell sharply during the
MMT-type experiment. In the peri-
merce in China, which represents US
business interests on the mainland,
took a group of its members to Xin-
jiang to “learn about the investment
environment”, in a trip co-hosted by
China’s commerce ministry.
That year, industrial giant Hon-
eywell International Inc signed a
contract with the Urumqi state
high-tech industrial zone to help
build smart power grids, transpor-
tation infrastructure and other grid
equipment. In 2017, it set up a pro-
ject to provide safe drinking water
to five schools in the province as a
corporate social responsibility exer-
cise. American coal miner Peabody
Energy Corp has also promoted its
investment in Xinjiang, using a coal
exhibit there to display its growth
in Asia. Company filings say it is
exploring mine development pro-
jects in Xinjiang, where it has been
working with the government since
at least 2011. The list goes on.
ods in question, real wages declined
by 39% in Chile, 41% in Peru, and
by more than 50% in Venezuela —
hurting the poor and middle class.
In each case, the central bank
was controlled by politicians, with
predictable results. In Chile, the
money supply grew by 360% in 1973
alone, helping to finance a budget
deficit equivalent to an astonish-
ing 24% of gross domestic prod-
uct (GDP). In Peru in 1989, money
growth was 7,000%, and the fiscal
deficit exceeded 10% of GDP. In
Argentina in 2015, the deficit was
6% of GDP, with the annual rate of
money creation surpassing 40%.
And Venezuela currently has a defi-
cit of 32% of GDP, with the money
supply estimated to be growing at
an annual rate of more than 1,000%.
As inflation increased in these
countries, people greatly reduced
COMMENT 15
Earlier this month, US Secretary
of State Mike Pompeo urged Ameri-
can companies to think twice about
doing business in the Chinese prov-
ince. “We watch the massive human
rights violations in Xinjiang where
over a million people are being held
in a humanitarian crisis that is the
scale of what took place in the 1930s,”
he said, after receiving an award from
Business Executives for National Se-
curity. “And we see American busi-
nesses and their technology being
used to help facilitate that activity
from the Chinese government. It’s
something worthy of thinking about.”
We can theorise whether Trump’s
escalation against China’s technolo-
gy companies is a trade war bargain-
ing chip or a legitimate humanitari-
an campaign. Either way, companies
doing business on the mainland will
have more than just thinking to do,
lest they get caught up in a war they
never saw coming. — Bloomberg
their holdings of domestic money.
But because governments required
taxes to be paid in local currency, it
did not completely disappear. In-
stead, the speed at which money
changed hands — what economists
call “velocity of circulation” — in-
creased dramatically. No one wanted
to be holding paper money that lost
20% or more of its value every month.
When the demand for money col-
lapses, the effects of money growth
on inflation are amplified, and a vi-
cious circle develops. One serious
consequence is that the currency
depreciates rapidly in international
markets. MMT supporters conven-
iently ignore the simple fact that
demand for local money declines
drastically when its value tumbles.
Yet this is perhaps one of the the-
ory’s biggest weaknesses, and one
that makes it extremely risky for any
country to implement.
The experience of Latin Ameri-
ca should serve as a clear warning
for today’s MMT enthusiasts. In a
variety of countries, and at very dif-
ferent times, fiscal expansions that
were financed by printing money
resulted in an uncontrollable loss
of economic stability. Economic
policy ideas are often as danger-
ous in practice as they are flawed
in theory. MMT may be a case in
point. — Project Syndicate
Sebastian Edwards is professor of
international economics at UCLA’s
Anderson Graduate School of Man-
agement. His latest book is Amer-
ican Default: The Untold Story of
FDR, the Supreme Court and the
Battle Over Gold.
16 W O R L D B U S I N E S S
US eases curbs
on Huawei
Company founder says clampdown underestimates Chinese firm
BY BRENDA GOH & KAREN FREIFELD
SHANGHAI/NEW YORK: The US
has temporarily eased trade restric-
tions on China’s Huawei to minimise
disruption for its customers, a move
the founder of the world’s largest
telecommunications (telecoms)
equipment maker said meant little
because it was already prepared for
US action.
The US Commerce Department
blocked Huawei Technologies Co
Ltd from buying US goods last week,
a major escalation in the trade war
between the world’s two top econ-
omies, saying the firm was involved
in activities contrary to national se-
curity.
The two countries increased im-
port tariffs on each other’s goods
over the past two weeks after US
President Donald Trump said China
had reneged on earlier commitments
made during months of negotiations.
On Monday, the Commerce De-
partment granted Huawei a licence
to buy US goods until Aug 19 to
maintain existing telecoms net-
works and provide software updates
to Huawei smartphones, a move
intended to give telecom operators
that rely on Huawei time to make
other arrangements.
Shares of US suppliers to Huawei
including Qualcomm Inc, Intel Corp
and Lumentum Holdings Inc rose
with the Philadelphia Chip Index
up 2.1%.
China surveillance tycoons
lose billions as US tensions rise
BY B L AKE SC H MI DT & VE NUS FENG
HONG KONG: Escalating tensions
between Washington and Beijing are
wiping billions from the net worth of
China’s richest surveillance tycoons.
The billionaires behind Hang-
zhou Hikvision Digital Technology
Co and Zhejiang Dahua Technology
Co have watched their combined for-
tunes sink by more than US$8 billion
since March 2018 as shares of both
companies sank on speculation of
potential US sanctions. The losses
deepened yesterday after reports
that US President Donald Trump’s
administration is considering black-
listing the surveillance giants, in part
because of their alleged role in hu-
man rights violations.
Hikvision vice chairman Gong
Hongjia, whose fortune peaked at
US$13 billion in November 2017,
is now worth about US$6 billion
(RM25.14 billion) after the stock fell
as much as 10% yesterday, according
to the Bloomberg Billionaires Index.
Dahua chairman Fu Liquan’s net
A filepic of a salesman turning on a new Huawei P30 smartphone for a customer in
Beijing, China. Huawei is still prohibited from buying American-made hardware and
software to make new products without further, hard-to-obtain licences. Photo by Reuters
Radio frequency chipmaker
Qorvo was the latest US suppli-
er after mobile parts maker Lu-
mentum to halt shipments to
Huawei.
It is unclear what the US gov-
ernment extension permits, but if
it allows Huawei to keep purchas-
ing components, the company will
likely order more to build invento-
ry, said Mark Kelleher, an analyst
at DA Davidson.
Huawei is still prohibited from
buying American-made hardware
worth has dropped to US$1.9 billion
from US$4.3 billion in March 2018.
Hikvision and Dahua have been
among the biggest beneficiaries of
Chinese President Xi Jinping’s un-
precedented push to keep tabs on
his country’s 1.4 billion people. Both
companies have also been accused
by human rights groups of facilitat-
ing the government’s suppression
and software to make new prod-
ucts without further, hard-to-ob-
tain licences. Huawei founder Ren
Zhengfei on Tuesday told Chinese
state media that the reprieve bore
little meaning for the company as
it had been making preparations
for such a scenario.
“The US government’s actions
at the moment underestimate our
capabilities,” Ren said in an inter-
view with CCTV, according to a
transcript published by the Chi-
nese state broadcaster. — Reuters
of Uighurs, a Muslim ethnic group,
in the western region of Xinjiang.
As tensions between China and
the US have escalated in recent
months over issues ranging from
trade to corporate espionage and
human rights, Hikvision and Dahua
have seen their share prices drop by
more than 40% from record highs.
— Bloomberg
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
American companies in China
mull relocation or investment cuts
BY Y I N A N Z H AO
BEIJING: About a fifth of US com-
panies in China are considering
moving some or all of their produc-
tion out of the country to deal with
the trade tensions, and a third are
delaying or cancelling investment
decisions, according to a survey of
239 American firms in the market.
Almost 40% of companies said
the hike of US tariffs announced
on May 10 would have a strong
negative impact on their business,
and a third said the increase in Chi-
nese levies would do the same. The
report provides evidence of a de-
coupling of the two nations’ econo-
mies, with 35% of firms saying their
main strategy for dealing with the
tension was to restructure so their
operations were more heavily “in
China for China”.
So far, the effect of the trade
dispute has mostly been financial,
with companies seeing decreased
demand, rising costs and falling
profits and revenues, according
to a May 16-20 survey done by the
American Chamber of Commerce
Huawei puts Honor above Android
at new smartphone launch
BY PAUL S A N D L E
LONDON: Huawei put uncertainty
over the future of its devices busi-
ness to one side on Tuesday with
the launch of new Honor smart-
phones, in a confident display of
the Chinese firm’s technology.
The world’s second-biggest
phone maker runs its devices on
Google’s Android platform outside
China, but the US Commerce De-
partment blocked Huawei from
buying US goods last week, throw-
ing future software updates into
question.
The US temporarily eased re-
strictions on Huawei on Tues-
day, granting it a licence to buy
US goods until Aug 19, meaning
that updates of Google apps like
Two Japanese carriers postpone
release of Huawei phones
BY PAUL S A N D L E
TOKYO: Two of Japan’s top mo-
bile phone carriers said yester-
day they will delay releasing new
handsets made by Huawei after a
US ban on American companies
selling technology to the Chinese
tech giant.
KDDI and SoftBank Corp, the
country’s No 2 and No 3 carriers
respectively, said the decision was
taken to give them time to assess
the impact of the US ban.
The country’s biggest carrier,
NTT Docomo, said it was also
considering similar action.
SoftBank had been due to re-
lease a Huawei-made smartphone
tomorrow, but halted the release
“because we are currently trying
to confirm if our customers will be
able to use the equipment with a
sense of safety”, company spokes-
man Hiroyuki Mizukami told AFP.
“We still don’t know when we
Some 40% of firms
said the hike of US
tariffs announced on
May 10 would have
a strong negative
impact on their
business.
in China and the American Cham-
ber of Commerce in Shanghai.
There had been concerns that US
firms would face non-tariff retali-
atory measures in China, but 53%
of the companies said they had not
experienced any such measures in
the 10 months since July 1, 2018.
Another issue touched upon by the
American Chambers’ survey was
that whether China forces foreign
companies to transfer technology
and intellectual property to Chi-
nese firms to gain market access.
China denies that this happens,
but it has been one of the main
sticking points in the negotiations.
— Bloomberg
Gmail and YouTube can continue
until then.
George Zhao, president of Hua-
wei’s youth-focused brand Honor,
told hundreds of reporters, blog-
gers and analysts that he was “re-
ally happy to see so many friends”.
“No matter what happens, no
matter what kind of challenges ...
just smile and overcome them,” he
told the audience, a mantra that
could apply equally to Huawei as
to its young customers.
“We will talk and communicate
with the world using our products,
technology and innovation,” he
added, as he showed off the Hon-
or 20 Pro, which features four rear
cameras, including wide-angle
and telephoto, and a 48-megapixel
main camera. — Reuters
will be able to start selling,” he
said, adding the Japanese carrier
is concerned about “everything”
linked to the US ban.
Citing national security, US
President Donald Trump has ef-
fectively banned US companies
from supplying Huawei and affili-
ates with the critical components
that have helped it grow into the
world’s largest supplier of telecom
networking equipment and sec-
ond-biggest smartphone maker.
US officials this week, how-
ever, issued a 90-day reprieve on
the ban on dealing with Huawei,
saying breathing space is needed
to avoid huge disruption.
Japanese carrier KDDI said its
release of the Huawei P30 litePre-
mium planned this month will
also be postponed, with spokes-
man Reiko Nakamura saying:
“We’re checking the facts on how
(the US decision) was made and
its impact.” — AFP
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 17
18 W O R L D B U S I N E S S
Stocks grapple with anxiety
even as Huawei gets reprieve
‘Some will continue to cling on to hopes US, China will reach a deal at G20 meet’
BY SH I N IC H I SAOSHI RO
TOKYO: Asian stocks struggled for
traction yesterday, as relief over
Washington’s temporary relaxa-
tion of curbs against China’s Hua-
wei Technologies Corp Ltd failed
to offset deeper worries about an
intensifying trade war between the
world’s two largest economies.
In opening European trade, the
pan-region Euro Stoxx 50 futures
fell 0.03%, Germany’s DAX futures
were up 0.01% and Britain’s FTSE
futures rose 0.28%.
The Chinese markets, which
have endured a volatile few months,
were on a cautious note. The Shang-
hai Composite Index was a frac-
tion lower.
New tariffs on
China would be
‘catastrophic’
— shoe firms
BY PAVEL A L PEY EV
WASHINGTON: Adidas, Nike
and Puma on Tuesday urged
US President Donald Trump to
prevent the shoe industry from
falling victim to the trade war
with China, saying new tariffs
could be “catastrophic.”
In a letter to Trump, those
big-name manufacturers
joined forces with over 170 oth-
er American shoe manufac-
turers and retailers calling for
footwear to be exempted from
a new round of punitive tariffs
on US$300 billion (RM1.26 tril-
lion) in Chinese goods.
Trump this month in-
creased existing tariffs on
US$200 billion in Chinese
imports to 25%, and is threat-
ening to extend those duties
to nearly all Chinese products
imported into the US.
That would mean extra taxes
on consumer goods, including
electronics and clothing, such
as athletic shoes and iPhones,
which has sparked fear in re-
tailers and producers who rely
on goods from China.
The firms said the industry
already pays US$3 billion in du-
ties and that additional tariffs
would hike costs and prices.
While Trump has called on
the industries to move away
from China or produce their
products in the US, the shoe
industry firms said they need
“years of planning... to make
sourcing decisions and com-
panies cannot simply move
factories to adjust to these
changes.” — AFP
Australian stocks were flat and
South Korea’s Kospi rose 0.2%. Ja-
pan’s Nikkei added 0.1%.
MSCI’s broadest index of
Asia-Pacific shares outside Japan
moved in and out of the red and
was last 0.1% higher.
Masahiro Ichikawa, senior strat-
egist at Sumitomo Mitsui DS As-
set Management, said some in the
markets will continue to cling on to
hopes of the US and China reaching
an agreement at the coming Group
of 20 (G20) meeting.
“But the ongoing trade conflict
looks to be a protracted one, and
its potentially negative impact on
various economies is becoming a
running concern,” he said.
The G20 leaders are scheduled
Honda sport utility vehicles and Toyota vehicles bound for shipment, sit at a port in Yokohama, Japan. The White House has set a
180-day deadline for negotiating deals with Japan, the European Union and other major car exporters. Photo by Bloomberg
Trade group upset Trump deems
imported cars, parts a threat
BY M A JIE
TOKYO: The Japan Automobile
Manufacturers Association (Jama)
said it is “profoundly disappoint-
ed” by US President Donald Trump
deeming imported cars and parts a
national security threat, echoing a
statement made days ago by Toyota
Motor Corp.
Although the comments are un-
usually strong, the source of them is
no surprise: Toyota president Akio
Toyoda is also chairman of Jama,
the influential trade group.
“We are dismayed to hear a mes-
sage suggesting that our long-time
contributions of investments and
employment in the US are not wel-
comed. As chairman, I am deeply
saddened by this decision,” Toyoda
said in a statement on Tuesday.
Trump last Friday agreed with
his Commerce Department’s con-
to gather for a summit in Japan at
the end of June.
The US Commerce Department
on Monday granted Huawei Tech-
nologies a licence to buy US goods
until Aug 19, a move intended to
give telecommunications operators
that rely on Huawei time to make
other arrangements.
Sean Darby, chief global equi-
ty strategist at Jefferies, said not-
withstanding the latest tweet from
President Donald Trump that some
restrictions on Huawei had been
eased, global equity markets have
continued to underestimate the re-
lentless expansion of the US-China
trade dispute.
“The progression from tariffs,
to direct actions against single
clusion that imports of vehicles and
car parts have threatened nation-
al security by eating into “Amer-
ican-owned” carmakers’ market
share since the 1980s.
The White House set a 180-day
deadline for negotiating deals with
Japan, the European Union and
other major car exporters.
Japan accounted for more than
a quarter of the US$208.8 billion
(RM872.78 billion) deficit the US
ran with the rest of the world in
the trading of passenger vehicles
and auto parts last year, according
to Commerce Department data.
Trump last week set a goal of re-
ducing imports of cars, arguing that
reduced sales of domestic brands
had undermined US carmakers’
ability to invest in research and
development.
“Any trade restrictive measures
would deliver a serious blow to the
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Chinese companies and their in-
ter-linked supply chains, has a
wide-ranging impact on profita-
bility for corporates in both econo-
mies that investors will find difficult
to quantify,” he said.
The US dollar was traded at
110.460 yen after popping up to a
two-week high of 110.675 against
the safe-haven yen overnight as US
yields rose in the wake of gains by
Wall Street shares. The euro was
little changed at US$1.1156. The
pound was steady at US$1.2712.
US West Texas Intermediate
crude futures were down 0.89% at
US$62.57 per barrel after American
Petroleum Institute data showed
that US crude stockpiles rose un-
expectedly last week. — Reuters
BLOOMBERG
US car industry and economy, as
it would not only disadvantage US
consumers, but also adversely af-
fect the global competitiveness of
US-produced vehicles and suppress
company investments in the US,”
Toyoda said.
US carmakers have meanwhile
been on the retreat from overseas
markets where they have long strug-
gled to earn profits. Ford Motor Co
announced in 2016 that it would
shutter all operations in Japan by
the end of that year.
General Motors Co’s brands reg-
istered fewer than 1,600 vehicles in
the country last year, according to
the Japan Automobile Importers
Association.
Toyota has the most at stake
among Japanese carmakers in the
US, where it sells 23% of its vehicles,
compared with 21% in its home
market. — Bloomberg
EPA
Son names
renowned AI
professor to
SoftBank board
BY PAV E L A L PE Y E V
TOKYO: SoftBank Group Corp
founder and chief executive
Masayoshi Son (pic) cannot
stop talking about how artifi-
cial intelligence (AI) is going to
change the world. Now the com-
pany will have a board member
who is an expert on the subject.
SoftBank on Tuesday named
a new director, Yutaka Matsuo,
a professor at the University
of Tokyo who focuses on so-
cial network mining, natural
language processing and AI.
It also said former Goldman
Sachs banker Mark Schwartz
will resign from the board, sub-
ject to shareholder approval at
the general meeting on June 19.
Matsuo, 44, received a mas-
ter’s degree in electrical engi-
neering and a doctorate in in-
formation and communication
engineering from University of
Tokyo. He is the president of
Japan Deep Learning Associ-
ation and also serves as tech-
nical adviser to Tokyo-based
deep learning startups Pksha
Technology Inc and Abeja Inc.
— Bloomberg
Citic, Baidu
said to seek up
to US$1b for
online bank
BY C RYS TA L T S E
& LULU Y ILUN C H E N
HONG KONG: A financial tech-
nology joint venture between
China Citic Bank Corp Ltd and
Baidu Inc is seeking as much as
seven billion yuan (US$1 billion/
RM4.19 billion) in a private fund-
ing round, according to people
with knowledge of the matter.
AiBank, the digital bank op-
eration, is aiming to complete
the financing in the coming
months, one of the people said.
The deliberations are ongo-
ing, according to sources. Tra-
ditional lenders have been cut-
ting staff and downsizing their
branch network amid compe-
tition from online payment gi-
ants such as Ant Financial and
Tencent Holdings Ltd.
Citic Bank controls 70% of
the joint venture while Baidu
owns the remaining stake, ac-
cording to a 2018 statement.
— Bloomberg
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 19
20 W O R L D B U S I N E S S
Chinese airlines seek 737 MAX
payouts from Boeing
Top three carriers file claims amid escalating US-China trade war — reports
SHANGHAI: China’s three biggest
airlines have filed claims seeking
compensation from Boeing over
the grounding and delayed deliv-
ery of 737 MAX 8 aircraft follow-
ing two deadly crashes, Chinese
state media reported yesterday.
The reports in various state-
run media that China Southern
Airlines, China Eastern Airlines,
and Air China would seek payouts
from the American aerospace gi-
ant come against the backdrop of
an escalating US-China trade war.
China Southern is Asia’s larg-
est carrier by fleet size, China
Eastern is the country’s No 2,
while Air China is the state flag
carrier.
A spokesman for China East-
ern confirmed to AFP that a dis-
patch by state-run Xinhua news
agency saying the airline had
presented Boeing with a com-
pensation claim was correct.
Neither the spokesman nor
the report gave any financial or
other details.
Spokesmen for China South-
ern and Air China could not im-
mediately be reached for com-
ment.
‘BMW CEO’s
future in doubt
amid tensions
on tackling shift’
BY EL I SA B ET H B EH RMANN
& O L I VER SACHGAU
MUNICH: BMW AG chief ex-
ecutive officer (CEO) Harald
Krueger’s job is hanging in the
balance as the luxury carmaker
steers towards a future of electric
and autonomous vehicles and
navigates weakening markets,
people familiar with the discus-
sions said.
Some supervisory board
members are questioning
whether he is the right choice
to lead the company and will dis-
cuss his second-term prospects
in the coming weeks, the people
said, asking not to be identified
discussing confidential delibera-
tions. Krueger’s tenure ends next
May, with an announcement on
his future due in June or July. The
shares rose 0.3% at the start of
trading yesterday in Frankfurt.
BMW, like other carmakers,
is making a costly transition
to electric cars and new busi-
ness models and is confronting
deep-pocketed tech competitors
encroaching with new mobility
options including ride-hailing.
— Bloomberg
On March 11, China became the
first country to order its airlines to
ground the 737 MAX as a result of
the two tragedies.
The day before, an Ethiopian
Airlines 737 MAX crashed minutes
after take-off from Addis Ababa,
killing all 157 people on board,
including eight from China.
Airbus prepares counterpunch
to new Boeing midsized jet
BY TIM HEP HER
TOULOUSE (France): Airbus hinted
on Tuesday at a price battle and im-
minent aircraft revamp to counter
a possible new Boeing midsized jet,
promising a “left hook, right hook”
from two of its established models.
US planemaker Boeing is stud-
ying whether to launch a 220-270-
seat jet wedged between traditional
twin-aisle models like the Airbus
A330 or its own 787, and the indus-
try’s bread-and-butter single-aisle
models like the A320/321 and Boe-
ing 737.
Airbus aims to defend that space
with its own A330neo at the top end
UK’s Big Four accountants could gain reprieve from audit reform
BY HUW JONES
LONDON: Britain’s business min-
istry will consult further on sweep-
ing reforms of the audit market, it
told Reuters, stopping short of leg-
islation demanded by lawmakers.
Last month the Competition and
Markets Authority proposed some
of the biggest reforms to auditing
That followed the October crash
of a Lion Air 737 MAX, which went
down shortly after take-off from
Jakarta, killing all 189 people on
board.
Xinhua had reported that
“grounding Boeing 737 MAX 8
planes had resulted in great loss-
es for the company (China Eastern),
and the best-selling A321neo at the
bottom — two models boasting new
engines on older airframes.
“Those programmes are both so
mature that it gives Airbus pricing
flexibility to address this middle-
of-the-market segment,” sales chief
Christian Scherer said.
He promised what he described
as a “left-hook, right-hook ap-
proach” to that part of the market,
using the two Airbus jets, as airlines
replace Boeing 757 and some larger
767 aircraft.
Boeing says its possible
mid-market aircraft would be sig-
nificantly more efficient than ei-
ther Airbus model, but it is under
globally since the aftermath of the
Enron scandal, recommending new
laws to force the so-called Big Four
firms — EY, KPMG, Deloitte and
PwC — to separate their audit and
consulting arms and requiring most
listed companies to be audited by
two different firms.
Business minister Greg Clark
had told parliament he would bring
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
A photograph
of an Ethiopian
Airlines Boeing 737
MAX 8 parked at
Bole International
Airport, Addis Ababa,
Ethiopia. The three
Chinese airlines have
filed claims seeking
compensation
from Boeing over
the grounding and
delayed delivery of
737 MAX 8 aircraft
following two deadly
crashes, including
an Ethiopian Airlines
flight. Photo by EPA
and the losses are still expanding”.
Shanghai-based China East-
ern has grounded its 14 MAX
planes while the US aviation gi-
ant addresses the safety risks,
Xinhua reported.
It was not immediately clear
how many planes the other two
airlines had grounded. — AFP
pressure from airlines to develop
it at the right price.
Boeing continues to promote the
project behind the scenes, while
toning down public discussions
as it focuses on resolving the crisis
over its grounded 737 MAX, airline
sources say.
Airbus is meanwhile weighing
plans to boost the A321 with a long-
range version called A321XLR to
pre-empt the Boeing jet.
Chief executive Guillaume Faury
hinted confirmation could come at
next month’s International Paris Air
Show, saying the A321LR was the
world’s longest-range single-aisle jet
plane “for the moment”. — Reuters
forward the legislation needed to
implement the reforms before
the end of this year, though a slot
was needed in parliament’s Brex-
it-clogged calendar.
Now the ministry has told Reu-
ters that, while still committed to
reforming the industry, it plans to
consult further before considering
any new laws. — Reuters
IN BRIEF
Daimler pledges cuts,
efficiency drive
to restore margins
FRANKFURT: Daimler AG
vowed to cut costs and boost
efficiency to restore profit
margins as the two top ex-
ecutives who steered the
Mercedes-Benz carmaker
for more than a decade leave
their successors to tackle un-
precedented industry shifts
poised to reshape global
transportation. “We cannot
and will not be satisfied with
the current level of profita-
bility,” chief executive officer
Dieter Zetsche said yester-
day at the German manufac-
turer’s shareholder meeting
in Berlin, which marks the
end of his 13-year tenure.
“Everything is under scruti-
ny: fixed and variable costs,
material and personnel costs,
investment projects, vertical
integration and the product
range.” — Bloomberg
Johnson & Johnson loses
US$25m talc verdict
DETROIT/WILMINGTON:
Johnson & Johnson was or-
dered to pay at least US$25
million (RM105 million) to a
woman who said she contract-
ed a rare asbestos-related can-
cer through decades of daily
use of J&J’s Baby Powder or its
other talc product, Shower to
Shower. The New York verdict
for plaintiff Donna Olson, 66,
and her husband against J&J
and its consumer-products unit
only reflects the award of com-
pensatory damages. Jurors will
return next week to consider
assessing punitive damages
against the companies over
their mishandling of the talc
products. — Bloomberg
VW truck brand to
invest US$344m in
Brazil after Ford exit
SAO PAULO: Volkswagen AG
truck brand Scania said on
Tuesday it will invest 1.4 bil-
lion reais (US$344.14 million/
RM1.44 billion) to modernise
its Brazilian factory in Sao Ber-
nardo do Campo, an industrial
city near here. The investment
in the historic centre of Bra-
zil’s auto industry follows Ford
Motor Co’s decision to exit the
heavy truck business in South
America and shut down its
plant in the same city, which
could benefit the remaining
players in the sector. — Reuters
EU regulators to decide
on IBM’s US$34b
Red Hat bid by June 27
BRUSSELS: European Union
(EU) antitrust regulators will
decide by June 27 whether to
clear US tech giant Internation-
al Business Machines Corp’s
US$34 billion (RM142 billion)
bid for software company Red
Hat. The deal, IBM’s biggest,
will help the company expand
into subscription-based soft-
ware offerings. IBM said on
Tuesday it had sought EU’s ap-
proval the previous day. The
European Commission con-
firmed the request. — Reuters
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Indonesia plunges into
post-election unrest
Six possible deaths after an overnight face-off between police and protesters
BY AG UST I N U S B EO DA COSTA
& KA N UPR I YA KA POOR
JAKARTA: Demonstrations over
the outcome of last month’s pres-
idential election gripped the heart
of Indonesia’s capital yesterday af-
ter an overnight face-off between
police and protesters in which, ac-
cording to Jakarta’s governor, six
people were killed.
The protests followed an an-
nouncement before dawn on Tues-
day by the election commission
Duterte
tightens grip
on power in
Philippine polls
MANILA: Allies of President Rod-
rigo Duterte stormed to a land-
slide victory in midterm polls,
final results showed yesterday,
dissolving a last check on his con-
troversial rule.
Loyalists won both houses of
the legislature, shutting out all
opposition candidates in the Sen-
ate, which had served as a buffer
against Duterte’s most conten-
tious plans.
The results open a path for
Duterte — who has remarkably
high approval ratings — to make
good on his call to bring back the
death penalty and advance his
project to rewrite the constitution.
Duterte can now
bring back the death
penalty and rewrite
the constitution.
“It’s a clear signal that the peo-
ple will be behind him as he push-
es bills and processes that went
nowhere previously,” political
analyst Ramon Casiple told AFP.
With nine Duterte backers and
three nominally unaligned politi-
cians taking the 12 seats at stake in
the 24-member Senate, only four
oppositions members will remain,
results from the elections author-
ity showed.
Duterte allies kept control of the
lower House of Representatives,
which has approved legislation
to bring back capital punishment
and rewrite the constitution since
Duterte’s 2016 election.
In addition to opening avenues
for him to stay in power beyond
his legally mandated single term
that ends in 2022, a charter change
could reshape the Philippines for
decades. — AFP
confirming that President Joko
Widodo had beaten his challenger,
former general Prabowo Subianto,
in the April 17 poll.
Crowds swelled in central Jakar-
ta yesterday morning and police
said they expected more protesters
to join them before nightfall. Some
of those arriving carried wooden
poles and some had smeared tooth-
paste around their eyes, apparently
to protect themselves from tear gas.
The majority of the protesters ap-
peared to have come from outside
Theresa May’s Brexit gambit
fails as her premiership fades
BY GUY FAULCONBRIDG E
& COSTAS P ITAS
LONDON: British Prime Minister
Theresa May’s final Brexit gambit
was in tatters yesterday just hours
after her offer of a vote on a second
referendum and closer trading ar-
rangements failed to win over either
opposition lawmakers or many in
her own party.
Nearly three years since Britain
voted 52% to 48% to leave the Eu-
ropean Union (EU), May is trying
one last time to get her divorce deal
approved by the British parliament
China ready for further US trade talks — ambassador
BY DAV ID LAW DER
& M ICHAEL M ARTINA
WASHINGTON/BEIJING: Beijing
is ready to resume trade talks with
Washington, China's ambassador
to the US Cui Tiankai said, as a top
US business lobby in China said
nearly half its members are see-
ing non-tariff barrier retaliation in
China due to the trade war.
No further trade talks between
top Chinese and US negotiators
have been scheduled since the last
round ended in a stalemate on May
10, the same day US President Don-
ald Trump sharply increased tariffs
on US$200 billion (RM838 billion)
worth of Chinese goods and took
steps to levy duties on all remain-
ing Chinese imports.
Acrimony has intensified since
Washington last week blacklist-
ed Chinese telecom equipment
company Huawei Technologies
Co Ltd, a potentially devastating
blow for the company that has
rattled technology supply chains
and investors.
Negotiations between the US
and China have soured dramatical-
Jakarta and police found envelopes
containing money on some of the
people they searched, National
Police spokesman Muhamad Iqbal
told a news conference.
“This is not a spontaneous inci-
dent, this is something by design.
There are indications that the mobs
are paid and bent on causing cha-
os,” he said.
Hundreds of students also pro-
tested peacefully in the city of Med-
an, in the north of the island of
Sumatra, demanding an investiga-
before her crisis-riven premier-
ship ends.
May on Tuesday appealed to
lawmakers to get behind her deal,
offering the prospect of a possible
second referendum on the agree-
ment and closer trading arrange-
ments with the EU as incentives.
Conservative and Labour law-
makers lined up to criticise May’s
Withdrawal Agreement Bill, or
WAB, legislation which implements
the terms of Britain’s departure.
Some upped efforts to oust her.
“We are being asked to vote for
a customs union and a second ref-
ly since early May, when Chinese
officials sought major changes to
the text of a proposed deal that the
Trump administration says had
been largely agreed.
But speaking to Fox News Chan-
nel, Cui said Beijing was still open
for talks.
He blamed the US side for fre-
quently “changing its mind” on
tentative deals to end US-China
trade disputes.
Cui turned the tables and said it
tion into alleged election cheating,
TVOne reported.
Prabowo’s legal director has said
his campaign plans to contest the
result in the Constitutional Court.
Independent observers have said
the poll was free and fair.
Analysts have said Widodo’s
double-digit margin of victory
means the opposition does not have
a strong case to claim the election
was rigged, but Islamist supporters
of Prabowo could cause consider-
able disruption. — Reuters
erendum,” Boris Johnson, the book-
ies favourite to be Britain’s next
prime minister, said.
The deadlock in London means
it is unclear how, when or even
if Britain will leave the European
club it joined in 1973. The current
deadline to leave is Oct 31.
Britain’s labyrinthine crisis over
Brexit has stunned allies and foes
alike, and with deadlock in London,
the world’s fifth largest economy
faces an array of options including
an exit with a deal to smooth the
transition, a no-deal exit, an election
or a second referendum. — Reuters
Cui says it was US
negotiators that had
abruptly backed away
from some previous
deals that had been
tentatively agreed
over the past year.
Photo by Reuters
was US negotiators that had abrupt-
ly backed away from some previ-
ous deals that had been tentatively
agreed over the past year.
The US is seeking sweeping
changes to China’s trade and eco-
nomic policies, including an end
to forced technology transfers and
theft of US trade secrets. Washing-
ton also wants curbs on subsidies
for Chinese state-owned enter-
prises and increased access to US
markets. — Reuters
W O R L D 21
IN BRIEF
‘Merkel was lobbied
for top EU job at
Romanian summit’
BERLIN/BUCHAREST/BRUS-
SELS: German Chancellor An-
gela Merkel was approached
this month at a summit meet-
ing in Romania by a number of
European Union (EU) leaders
seeking to recruit her for a top
job in Brussels, according to
three people familiar with the
lobbying. Merkel rejected the
overtures at the May 9 sum-
mit to take over the presidency
of the European Council, the
people said on condition of
anonymity because the talks
took place behind closed doors.
Merkel is seeking top posts in
the European Commission or
the European Central Bank for
a German national, with the
justification that it is now her
country’s turn, but with limited
traction for now. — Bloomberg
US stance on Iran
‘deterrence, not about war’
WASHINGTON: The US defence
chief said President Donald
Trump’s administration was
seeking to deter Iran but not start
a war, after he briefed members
of Congress. “This is about de-
terrence, not about war. We are
not about going to war,” acting
Defense Secretary Patrick Shan-
ahan told reporters after exiting
the closed-door meeting with
Secretary of State Mike Pompeo.
Shanahan credited robust US
moves in recent weeks, which
included the deployment of an
aircraft carrier strike group, with
thwarting Iranian threats. “We
have deterred attacks based on
reposturing of assets, deterred
attacks against American forces,”
Shanahan said. — AFP
Canadian delegation to
press for release of citizens
OTTAWA: Canada has sent a par-
liamentary delegation to China
to press for the release of two Ca-
nadian citizens formally arrest-
ed for espionage last week, For-
eign Minister Chrystia Freeland
said on Tuesday. Businessman
Michael Spavor, who worked
with North Korea, and former
diplomat Michael Kovrig were
picked up separately in Decem-
ber, shortly after Canada arrest-
ed Huawei Technologies Co Ltd
chief financial officer Meng Wan-
zhou, who faces extradition to the
US. Canada has condemned the
detentions as “arbitrary”, while
China has repeatedly demand-
ed Meng be released. — Reuters
Philippine official denied
Hong Kong entry
MANILA: A former Philippine
official who sued Chinese
President Xi Jinping in an in-
ternational court said she was
interrogated by Hong Kong im-
migration officials and tempo-
rarily barred from entering the
city. Conchita Carpio Morales,
the former head of the Phil-
ippine anti-corruption office,
said the officials detained her
for four hours at Hong Kong’s
international airport on Tuesday
after she arrived for a vacation
with her family. — Bloomberg
22
live it!
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

PHOTOS BY BLOOMBERG

Personal
ASSISTANT
CO M PI L ED BY SH A L I N I YEAP

WORK. LIFE. BALANCE

Coffee beans being cooled after roasting at Intelligentsia Coffee & Tea Inc in Chicago, Illinois, the US. Prices for washed arabica coffee from Ethiopia rose by as
much as 9.9% last week in trading on the Ethiopia Commodity Exchange.

FOOD caterer and bakery, Root Cellar KL

partners Langit — a social enterprise that
that aspires to bring economic empower-
ment to smallholder farmers — to create
the perfect snack for the Raya festivities. The
ROASTER OF US$803-A-POUND COFFEE
Snacktacular Duo is made up of ranginang
(rice crackers) made from black glutinous
rice from Long Semadoh Valley, and Root
Cellar acar buah. Priced at RM45, it can be
SEES SUPPLY RISK AMID ROUT
purchased at www.langit.com.my.

Klatch Coffee fears

increasing output of
standard arabica and
robusta beans will
undercut prices
BY SHRUTI DATE SINGH

THIS Ramadan, Amazin’ Graze is offering its
wholesome Sahur Kit consisting of 250g nut-
ty kurma mix (almonds, cashews, pumpkin
seeds, kurma, unsweetened coconut chips,
raisins), 250g traditional rolled oats, five
40g granola snack packs, a mason jar and a
complimentary 1-litre Homesoy unsweetened
soy milk. Each Sahur Kit is estimated to last
for five days and can be purchased via www.
amazingraze.co for RM49.90.
GUITARIST Jamie Wilson and friends will be
performing at No Black Tie tonight. Wilson who
has toured with guitar maestro Tommy Emma-
nuel, Ian Moss, Richard Clapton and shared a
stage with American legend and Grammy win-
ner Steve Miller, studied classical guitar as a
child and made his first formal appearance at
the Sydney Opera House when he was just 16.
Patrons can pick between tickets to the 9pm
show (RM53) and a concert dinner experience
(RM174.80) that begins at 7.30pm at No Black
Tie, 17 Jalan Mesui, off Jalan Nagasari, Bukit
Bintang, Kuala Lumpur. Visit www.noblacktie.
com.my for ticketing and more details.
T
he rout in benchmark coffee
prices may threaten supplies
of premium beans and the
diversity of crop varieties
sought by many roasters.
Farmers have been grap-
pling with years of losses. In the long
term, output of varieties that fall be-
tween commodity and ultra-premium
beans might decline, said Heather Per-
ry, vice president of Klatch Coffee and
board president of the Specialty Coffee
Association. Increasing output of stand-
ard arabica and robusta beans undercut
prices while consumer demand for ex-
clusive brands is increasing in the US,
European Union and Japan.
“If these coffees cease to exist, how
do we differentiate in the market where
you are essentially left with two options?”
asked Perry, whose father founded Ran-
cho Cucamonga, California-based Klatch
25 years ago. “As we look two to five years
out, what concerns me about coffee
prices is: What does my business mod-
el look like?”
Brazil, the world’s largest producer,
is growing larger crops on mechanised
farms and exporting record amounts as
the real weakens against the dollar, boost-
ing the appeal of shipments priced in the
greenback. Production from Vietnam, the
second-biggest grower, is rising.
Klatch Coffee sells a variety of products
to customers with discerning tastes. Prices
can range from US$3 (RM12.60) to US$20
a cup or higher. The roasting company last
year bought the Elida Geisha Natural va-
An employee pours a latte art into a cup of coffee at the Roastery Lab by Coffee Academics research
and development facility, operated by Coffee Academics Group Holdings Ltd in Hong Kong.
riety from Panama for US$803 a pound.
Most farmers grow a mix of varieties.
Some produce beans delivered against
arabica contracts traded on ICE Futures
US in New York.
Arabica futures for July delivery gained
as much as 3.8% to 93.35 cents a pound
on Tuesday. The price reached 87.6 cents
a pound on May 7, the lowest since 2005.
Robusta futures in London are trading
near the weakest in nine years.
Recently, specialty coffee growers
in Ecuador with a “proven reputation”
are getting higher offers than tradition-
al farms, according to a report by the
US Department of Agriculture’s Foreign
Agricultural Service. An unidentified Ko-
rean buyer in 2018 was said to have paid
US$3,800 for a 60kg bag in one lot of Ec-
uador’s high-altitude specialty coffee,
according to the report.
Klatch offers coffee with different tastes
from various countries at a range of pric-
es. The company recently sold out of the
US$75 Elida Natural Geisha 803 Expe-
rience, which included 18gm of whole
beans, a mug and instructions from a
champion brewer.
The roaster offers 12-ounce bags for
about US$15 from Sumatra or US$18 from
Ethiopia. Shoppers at most US grocery
stores can find dozens of varieties from
around the world at various prices.
Price discovery
Amid the slump in futures markets, the
Specialty Coffee Association since last
year spent more time and resources on
studying the impact on producers, ex-
ploring alternative price-discovery tools
and providing companies with ways to
address risks in the supply chain.
Many producers of a large variety
known as washed arabica in parts of
Mexico, Central America, Africa and Asia
are getting prices below the cost of pro-
duction, said Ric Rhinehart, executive
director emeritus of the Specialty Coffee
Association.
Many of these farmers “can’t continue,”
Rhinehart said. “They have sustained all
the losses they can.” — Bloomberg

THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
WATCHES BY STEP HEN P ULV IRENT
A crazy prototype Patek Philippe unlike anything that came before
THIS is one of the stranger stories I have
chased down in a while. When I first stum-
bled upon this watch in the catalogue
for Antiquorum’s Geneva sale, I was sure
it had to be a fake. I mean, look at it! A
stainless steel Patek Philippe Aquanaut
prototype that actually says “prototype”
right on the dial? How could that be real?
But then I started talking to experts, asking
collectors what they thought, and it turns
out we might be looking at something
truly special here. Consensus is that this
unique Aquanaut is the real deal — or at
least mostly the real deal.
The Aquanaut launched back in 1997
with the reference 5060. It is hard to ap-
preciate today, but introducing a 36mm
stainless steel watch with an automat-
ic movement and a rubber strap was a
wild thing for Patek Philippe to do back
then. The 1990s were not the all-Nauti-
lus-everything days we are experiencing
now, and this was by far the most casual
and approachable watch Patek had ever
made. Later we would get the reference
5165 Aquanaut, the first in the larger “Jum-
bo” size, and then we would see a stream
of complications and variations added to
the mix. Watches like the travel time refer-
ence 5164A, the 5968A chronograph, and
even the new 5168G in khaki green are fan
favourites and typically come with years-
long waitlists.
The watch we have here is a prototype
Aquanaut 5060A, but not one like any
5060A that you have seen before. Typically
these watches only show the time and date,
but this prototype has a power reserve up
at 11.30. This is because the movement in-
side is a calibre 330/196, which was also
used in the Nautilus reference 3710 (which
has an identical dial layout). The 330/196
never actually made it into the Aquanaut,
with the more basic calibre 330 SC stepping
in for the final production version of the
5060A instead. Even since then, we have
never seen an Aquanaut with a power re-
serve indicator like this, and as far as an-
yone knows this is the only example with
such a movement and display. Speaking
of that movement, it’s uniquely signed
too. Right next to the 330/196 engraving
it reads “LABO No.04,” indicating that it
was likely part of an experimental batch.
The dial is another element that differs
from what you’ll find in a standard-issue
5060A. There’s no grid pattern in the cen-
tre, and the outer track is much more sub-
tle, with applied luminous markers at the
4 the dial is stamped “prototype” while the Hodinkee
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
1 2
3 Only one person I spoke with seemed
hours. The hands are like those you will find
on various Nautilus models, not the wider
set that you typically see on Aquanauts.
Stamped right below the Patek Philippe
signature at four o’clock is “PROTOTYPE”
in all its value-adding glory. My favourite
thing here is that you can clearly see the way
that the Aquanaut grew out of the Nautilus
product family, getting a bit of an inside
look at how Patek adapted and changed
things to eventually give the model its own
distinctive design language.
01 This is unlike any other Aquanaut ever made.
02. The standard production version of the
Aquanaut reference 5060A.
03. The dial has certain elements from the
Nautilus, as well as the ‘Prototype’ designation.
04. Note the unique code on the movement above
the calibre number.
Now, like I said, when I first saw this
watch I assumed it was either an outright
fake or something less-than-perfect. Would
Patek really put “prototype” on the dial like
that? If this is real, why is it kind of buried
in the middle of an Antiquorum catalogue
instead of getting pride-of-place as a cover
lot? I started asking around, checking in
with folks who are far more in touch with
the Patek market and the watchmaker’s
inner machinations than I am, and the
results surprised me.
Over the course of the last week or so,
I have spoken to a mix of dealers, collec-
tors, and experts, all of whom spoke to me
on the condition that they could remain
nameless here. Nobody wants to get in the
middle of a fight involving Patek Philippe
and Antiquorum, and for good reason. I
fully expected to get a lot of “stay away”
responses, but opinions seem to be much
more varied and nuanced than that.
The first few people I spoke with vouched
almost unreservedly for the watch, saying
that while it might be strange it looks cor-
rect and does not seem particularly fishy.
With Aquanaut and Nautilus collection
where they are at these days, those experts
expect this watch to go for big money —
far above the 50,000-80,000 Swiss francs
(RM207,165 to RM331,464) estimate. One
expert hedged a bit, saying that while he
thinks most of the watch is correct (about
80% in his estimation), he does not like that This article was originally published on
live it! 23
PHOTOS BY HODINKEE
case is not. That does not make the watch
“bad”, though it does make it imperfect.
The most interesting thing I heard during
my investigation was a rumour that Patek
Philippe enquired with Antiquorum about
purchasing the watch outright ahead of the
sale. The prices quoted back was deemed
unacceptable and the brand ended up pass-
ing on it — though they also refused to
provide an extract from the archive or any
other concrete proof as to the watch’s cor-
rectness. Again, this is a rumour offered up
by a source that asked for anonymity, so it
should be taken with a grain of salt.
outright sceptical of the watch, saying that
they would not encourage anyone in their
orbit to bid, and for multiple reasons. They
are not confident in the dial printing and,
even more troubling, they have concerns
about the watch’s provenance. If it is a true
prototype and should be property of Patek
Philippe, would the manufacture not pur-
sue a title claim after the auction? That has
happened in the past, and though there have
been mixed results (including a famous inci-
dent in which the buyer of a prototype Rolex
won the right to keep his new purchase) it
is not something I think prospective buyers
will want to have to worry about.
Ultimately, watches like this ask as many
questions as they answer, and I think that
is a good thing for the watch collecting
community at large. They make us question
our assumptions, they make us dig deep-
er into scholarship, and they make us ask
questions about what we value and why.
That produces a more interesting market
and more dialogue around watch collect-
ing more generally — and hopefully some
compelling auction results too.
This watch, which carried an estimate of
50,000-80,000 Swiss francs, sold for 401,000
Swiss francs, roughly eight times its low
estimate, at the Antiquorum Geneva sale
on May 11. Check out the full catalogue
here. — Bloomberg
2 4 S P O RT S
Nicol’s illustrious career ends
emotionally at British Open
One of Malaysia’s greatest sports icons is looking forward to the next phase of her life
KUALA LUMPUR: Squash legend
Datuk Nicol David’s career came to
an end after a second-round defeat
to world No 3, Nour El Tayeb, at the
British Open in University of Hull,
Britain on Tuesday.
The eight-time world champion
and five-time British Open champi-
on lost 11-4, 11-7, 11-13, 11-5 to the
Egyptian in her last tournament to
end her 21-year illustrious career
in squash with great memories.
Earlier in February, the 35-year-
old announced her retirement after
the current 2018/19 Profession-
al Squash Association (PSA) sea-
son, and her favourite British Open
would be her last tournament.
It was a nostalgic moment for
Nicol, who started her incredible
career by winning her first title, the
2005 British Open, before going all
the way to claim her first World
Championship title that same year,
leading towards creating history to
an unprecedented nine years at
the helm of world rankings from
2006 to 2015.
“The British Open was the thing
that really kicked things off and win-
ning that title gave me the belief that
I could be one of the best on tour and
gave me the confidence to win my
first world title and get to world No 1.
“At the time, you just never quite
know until you experience it first-
hand, and as the years went by,
that’s when I won my second world
Injury-hit Osaka heads
to French Open after
‘rocky’ clay season
BY JACK TARRANT
TOKYO: After pulling out of last
week’s Italian Open due to injury,
World No 1 Naomi Osaka (pic) admits
she has had a “rocky” clay-court sea-
son heading into the French Open.
Osaka, who won the Australian
Open in January to follow on from
her dramatic victory over Serena
Williams at the US Open in 2018,
is looking to become just the 11th
woman to claim a third consecutive
Grand Slam title.
However, following the hand in-
jury that forced her out of a quar-
ter-final clash with Kiki Bertens in
Rome and an abdominal injury suf-
fered in Stuttgart last month, Osaka
arrives in Paris with concerns over
both her form and fitness.
The 21-year-old has proved her-
self a destructive and powerful hard-
court player with her two Grand
Slam wins in the past year, but her
record on clay is less impressive.
Nicol celebrating after winning the
2018 Asian Games women’s singles
squash event in Jakarta, Indonesia
on Aug 26, 2018. Photo by AFP
title and things really kicked off for
me. It all really started from the Brit-
ish Open. I can’t believe it’s nearly
been two decades,” she said after
the match.
The video interview was posted
in PSA’s Facebook page “Squash —
PSA World Tour”.
The Penangite, who started to
play squash at the age of five, has
claimed three World Games gold,
five Asian Games gold, and two
Commonwealth Games gold med-
als throughout her over 20 years of
REUTERS
Osaka has never won a top-level
WTA event on the surface and has
failed to progress past the third round
previously at Roland Garros.
“I would describe [my clay sea-
son] as rocky,” Osaka said in Rome.
“But I can’t necessarily say it’s
been ups and downs because if I
think about it, it’s definitely been go-
ing up. Every match I’ve played I’ve
learned a lot. I’ve tried to take what
I’ve learned into the next match and
I think I’ve done that well.” — Reuters
representing Malaysia.
Nicol, who turned professional
in 2000, was the youngest world
junior champion when she won the
1999 World Junior Squash Cham-
pionships in Antwerp, Belgium at
the age of 15.
Moving to the next phase of life,
Nicol, as one of the greatest sports
icons of the country, is now looking
forward to continuing her contribu-
tions from outside the glass court,
especially with women empower-
ment programmes and motivation-
Arsenal manager respects Mkhitaryan’s
decision to miss Europa League final
BY HARDI K V YAS
LONDON: Arsenal manager Unai
Emery says he respects midfielder
Henrikh Mkhitaryan’s decision
to skip the Europa League final
against Chelsea in Baku, Azerbai-
jan amid concerns over the play-
er’s safety, but the host country
says such fears are unfounded.
Armenian international
Mkhitaryan’s participation in
the match had been in doubt
due to the ongoing conflict be-
tween Azerbaijan and his native
country.
Arsenal had been working
with Uefa over securing their
player’s welfare but the club said
they agreed collectively with
Mkhitaryan that he would not
be in their squad for the May
29 final.
“It’s bad news, but we cannot
do anything for this issue,” Em-
ery told reporters on Tuesday.
“I spoke this morning (Tues-
day) with Mkhitaryan. It’s a very
personal decision. He wants to
play and to help us, but they
spoke, both family and him, and
decided to not go ... I cannot
T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
al efforts through her Nicol David
Foundation.
“At the moment I would love to
work closely with the Women’s Tour
to help the tour grow as there is so
much potential to showcase. I also
want to do something at home with
my foundation to help more girls
venture into sports and use squash
as a tool to empower more girls.
“Hopefully I can motivate more
people ... There are too many things
I want to do. I am looking forward to
the next phase,” she said. — Bernama
push him to come with us.
“I don’t understand the polit-
ical problems but I must respect
[his decision].”
Uefa said a “comprehensive
security plan” was in place to en-
sure Mkhitaryan’s safety in Baku.
“Working alongside Arsenal FC,
Uefa sought and received assur-
ances regarding the player’s safety
in Azerbaijan from the highest au-
thorities in the country,” European
football’s governing body said in
a statement.
“As a result of these guaran-
tees, a comprehensive security
plan was developed and given to
the club. While the club acknowl-
edges the efforts that Uefa and
the Azeri government have gone
to in this matter, we respect the
personal decision not to travel
with the player.”
The Association of Football
Federations of Azerbaijan (AFFA)
said in a statement that it saw no
reason for the decision.
“We very much regret this un-
warranted decision taken, as we
understand, collectively by Ar-
senal, the player, and his family,”
the AFFA said. — Reuters
IN BRIEF
Olympic swim champion
retires at 22 after
missing doping tests
VILNIUS: Lithuanian swimmer
Ruta Meilutyte announced her
retirement yesterday at the age
of 22 after missing three doping
tests, ending a career in which
she became Olympic and world
champion. Lithuania’s swim-
ming federation said earlier this
month that Meilutyte faced a
suspension of up to two years
for missing three drug tests,
meaning she would be ruled
out of the 2020 Tokyo Olympics.
Meilutyte, who has never failed
a doping test, was a star of the
2012 London Games, where as
a 15-year-old she won the 100m
breaststroke event. “I am ready
to start a new chapter of my life.
Thank you all who supported
me on this road”, Meilutyte said
in a statement. — AFP
Tottenham ban fans
trying to sell Champions
League final tickets
BENGALURU: Tottenham Hot-
spur have indefinitely banned
three season ticket holders
for trying to resell Champions
League final tickets online, the
Premier League club said on
Tuesday. British media reported
last week that tickets for the final
were being resold on the website
StubHub for more than £3,000
(RM15,907) each, roughly six
times the face value of the most
expensive category on sale. “The
club has this week issued indef-
inite bans to three season ticket
holders who have listed their
Uefa Champions League final
tickets for sale on a secondary
ticketing platform,” Tottenham
said in a statement. — Reuters
Cech to return to
Chelsea as sporting
director — reports
LONDON: Arsenal goalkeeper
Petr Cech will return to his for-
mer club Chelsea as sporting
director when he retires from
playing after the teams meet
in this month’s Europa League
final, Sky Sports News and oth-
er British media reported on
Tuesday. The 37-year-old Cech
responded to the reports by
tweeting: “Despite the news
today (Tuesday) as I had al-
ready said to everybody before,
I’ll make [a] decision about
my future after the last game.
Now my sole focus is to win
the EL (Europa League) with
@Arsenal”. — Reuters
Hamilton says Lauda was
a ‘bright light’ in his life
MONACO: Five-time Formu-
la One world champion Lewis
Hamilton hailed Niki Lauda on
Tuesday as “a bright light” in his
life and said he would not have
moved to Mercedes without the
late Austrian’s involvement. Lau-
da, a triple world champion re-
garded as one of the sport’s all-
time greats, was non-executive
chairman of the Mercedes team
when he died on Monday night
at the age of 70. “I wouldn’t have
even been in this team if it wasn’t
for you,” Hamilton posted on
Instagram. — Reuters
THU R S DAY MAY 23 , 20 1 9 • 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)
0.842 0.495 0.550 0.550 8966 PRLEXUS 0.550 -0.005 10 0.550 32.54 2.73 99.2
Sectorial Movement 0.315 0.205 0.215
0.920 0.686 0.790
0.210
0.750
0186
7134
PTRANS
PWF
0.210
0.785
UNCH
-0.015
1335.1
59.8
0.210
0.783
7.75
9.03
4.52
3.82
298.8
136.5
1.629 1.001 1.350 1.340 7237 PWROOT 1.350 UNCH 1827.3 1.350 39.71 4.09 543.8
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 7.630 5.127 6.700 6.610 7084 QL 6.680 UNCH 216.2 6.664 49.30 0.67 10,837.9
FBM KLCI 1,603.74 -1.62 -0.10 CONSTRUCTION 196.22 -4.37 -2.18 0.505 0.340 — — 9946 REX 0.420 — — — — — 103.6
0.265 0.195 0.205 0.200 0037 RGB 0.200 UNCH 687.3 0.200 8.77 3.50 308.1
FBM ACE4,392.21 -2.93 -0.07 CONSUMER PRODUCTS & SERVICES 664.65 -3.93 -0.59 0.868 0.669 0.735 0.725 5278 RHONEMA 0.735 0.005 13.5 0.727 14.79 4.08 134.2
FBM TOP 100 11,098.62 -38.18 -0.34 ENERGY 1,010.10 -5.21 -0.51 0.632 0.320 0.340 0.320 0183 SALUTE 0.325 -0.010 468.2 0.326 56.03 7.38 126.1
FBM EMAS 11,255.31 -44.74 -0.40 FINANCIAL SERVICES 16,585.25 22.38 0.14 0.490 0.115 0.350 0.330 9113 SANBUMI 0.340 -0.010 1225.9 0.337 — — 84.7
0.475 0.180 0.185 0.180 5252 SASBADI 0.180 UNCH 310 0.181 105.88 — 75.4
FBM MID 70 13,698.43 -156.89 -1.13 HEALTH CARE 1,272.02 4.11 0.32 0.475 0.270 — — 5157 SAUDEE 0.290 — — — — — 38.4
FBM MIDS CAP 13,466.14 -183.21 -1.34 INDUSTRIAL PRODUCTS & SERVICES 163.20 -0.62 -0.38 0.675 0.577 — — 9792 SEG 0.635 — — — 18.62 4.33 803.0
FBM SMALL CAP 12,695.02 -183.24 -1.42 PLANTATION 6,882.57 -12.93 -0.19 1.506 1.199 1.490 1.450 5250 SEM 1.490 UNCH 83.8 1.481 33.48 1.61 1,837.7
0.645 0.480 0.510 0.510 7180 SERNKOU 0.510 0.015 5 0.510 13.67 — 122.4
FBM FLEDGLING 14,897.64 -124.18 -0.83 PROPERTY 872.30 -7.02 -0.80 6.336 5.310 5.500 5.460 5517 SHANG 5.460 -0.020 138 5.499 34.04 2.75 2,402.4
FTSE4GOOD BURSA M’SIA 893.82 -1.14 -0.13 REAL ESTATE INVESTMENT TRUSTS 998.46 1.01 0.10 0.820 0.470 — — 7412 SHH 0.480 — — — — — 24.0
FBM PALM OIL PLANTATION MYR 12,430.77 -52.74 -0.42 TECHNOLOGY 30.90 -1.11 -3.47 0.649 0.315 0.495 0.490 7246 SIGN 0.490 -0.010 173 0.492 41.88 3.06 117.7
2.779 2.022 2.210 2.150 4197 SIME 2.170 -0.030 5271.8 2.170 17.50 2.76 14,757.8
FBM EMAS SHARIAH 11,399.13 -52.21 -0.46 TELECOMMUNICATION & MEDIA 620.10 -9.58 -1.52 0.530 0.215 0.260 0.245 8532 SINOTOP 0.245 -0.015 5.1 0.245 31.82 — 96.8
FBM HIJRAH SHARIAH 12,729.75 -39.22 -0.31 TRANSPORTATION & LOGISTICS 737.77 -3.82 -0.52 0.411 0.105 0.175 0.165 9776 SMCAP 0.170 -0.005 352.6 0.169 — — 36.3
0.310 0.220 — — 7943 SNC 0.230 — — — — — 15.2
FBM MIDS CAP SHARIAH 12,967.37 -205.65 -1.56 UTILITIES 955.97 -1.91 -0.20
0.370 0.200 0.300 0.260 5242 SOLID 0.300 0.020 33 0.272 111.11 0.67 117.6
2.460 2.000 2.320 2.250 7103 SPRITZER 2.280 -0.010 21.2 2.277 19.76 1.54 478.8
2.830 1.920 2.760 2.760 9865 SUIWAH 2.760 UNCH 2.1 2.760 32.90 0.36 168.4
Bursa Malaysia Main Market 0.680 0.582
0.900 0.510 0.550
0.347 0.175 0.200
— —
0.535
0.175
03018
7186
7082
SUPREME
SWSCAP
SYF
0.680
0.550
0.200
UNCH
—

0.005
—
54.1
1346
— 17.75
0.540
0.190
—
—
0.62
—
6.25
81.6
100.3
123.8
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 0.420 0.270 — — 7211 TAFI 0.310 — — — — — 24.8
1.877 1.330 1.590 1.570 4405 TCHONG 1.590 UNCH 31.5 1.587 8.82 2.52 1,068.5
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.550 0.695 1.150 1.120 7439 TECGUAN 1.120 -0.050 21 1.134 17.64 — 44.9
CONSUMER PRODUCTS & SERVICES 0.363 0.220 — — 7200 TEKSENG 0.220 — — — — — 76.6
0.985 0.700 0.865 0.855 0012 3A 0.855 -0.015 81 0.858 12.14 2.34 420.7 1.430 0.717 1.150 1.090 7252 TEOSENG 1.100 -0.070 7486.2 1.116 7.19 5.00 330.0
0.400 0.205 0.230 0.220 5238 AAX 0.230 0.005 2643.9 0.225 — — 954.1 1.090 0.866 — — 9369 TGL 1.000 — — — 6.53 5.00 40.7
0.490 0.300 — — 7120 ACOSTEC 0.370 — — — — — 72.0 0.627 0.445 0.470 0.445 7230 TOMEI 0.450 -0.020 92.2 0.458 12.23 2.22 62.4
2.586 1.390 1.450 1.400 6599 AEON 1.420 -0.030 705 1.418 18.96 2.82 1,993.7 0.460 0.300 0.415 0.400 7176 TPC 0.415 0.005 43.7 0.402 29.43 — 97.0
0.255 0.115 0.155 0.150 7315 AHB 0.150 UNCH 416.1 0.150 — — 26.4 6.859 4.177 5.610 5.430 4588 UMW 5.450 UNCH 33.2 5.453 12.35 1.38 6,367.2
9.830 5.544 8.790 8.500 7090 AHEALTH 8.530 -0.250 11 8.687 17.07 1.58 1,004.7 2.478 2.050 2.300 2.300 7757 UPA 2.300 UNCH 2 2.300 19.34 3.48 183.0
3.152 1.914 2.530 2.470 5099 AIRASIA 2.480 -0.030 6042.2 2.498 4.22 9.68 8,288.1 1.130 0.770 0.870 0.845 7240 VERTICE 0.870 UNCH 13.7 0.855 — — 164.2
23.944 17.100 17.420 17.400 2658 AJI 17.400 UNCH 25 17.402 17.80 2.67 1,057.9 1.520 0.995 — — 7203 WANGZNG 1.120 — — — 17.18 3.57 179.2
7.966 5.481 6.050 6.000 6351 AMWAY 6.000 -0.020 3.1 6.008 18.09 3.33 986.3 2.339 2.000 2.240 2.240 5016 WARISAN 2.240 0.010 0.1 2.240 19.48 1.79 150.5
0.035 0.005 0.020 0.020 5194 APFT 0.020 0.005 300 0.020 — — 26.8 0.210 0.070 0.085 0.080 5156 XDL 0.080 -0.005 5803.1 0.085 9.41 — 144.4
4.339 3.550 — — 6432 APOLLO 3.850 — — — 20.36 5.19 308.0 0.585 0.400 0.435 0.430 7121 XIANLNG 0.430 -0.030 35 0.433 — — 34.4
0.210 0.105 0.150 0.145 1481 ASB 0.145 -0.005 1001.8 0.149 — 1.72 134.7 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
0.691 0.325 — — 7722 ASIABRN 0.480 — — — — — 111.7 2.34 1.800 2.340 2.330 5584 YEELEE 2.330 UNCH 503.2 2.330 11.92 1.72 446.4
2.767 2.316 2.370 2.350 7129 ASIAFLE 2.350 -0.010 33.2 2.356 10.05 6.38 457.7 1.284 0.950 1.170 1.160 5159 YOCB 1.170 -0.010 25 1.165 6.63 3.42 187.2
4.800 4.015 4.490 4.480 7048 ATLAN 4.480 -0.010 3 4.485 28.48 4.46 1,136.4 3.390 2.290 2.570 2.530 7178 YSPSAH 2.530 -0.040 92.3 2.554 11.48 2.77 351.7
0.325 0.130 0.140 0.130 8885 AVI 0.135 UNCH 1083.3 0.137 — — 115.9 1.470 1.149 — — 5131 ZHULIAN 1.440 — — — 12.23 5.56 662.4
38.127 29.267 34.780 33.440 4162 BAT 33.440 -0.660 285.8 34.005 20.37 4.64 9,548.1 INDUSTRIAL PRODUCTS & SERVICES
2.440 1.730 2.350 2.270 5248 BAUTO 2.300 UNCH 986.7 2.307 10.17 5.67 2,675.4 0.120 0.070 0.075 0.075 7086 ABLEGRP 0.075 0.005 36.9 0.075 — — 19.8
1.810 1.272 1.780 1.770 5196 BJFOOD 1.780 UNCH 53.6 1.780 28.43 2.25 679.8 0.605 0.350 0.420 0.400 7191 ADVENTA 0.410 0.050 32 0.413 — — 62.6
0.340 0.180 0.205 0.195 4219 BJLAND 0.200 -0.010 4497.7 0.202 — — 1,000.1 2.080 1.744 — — 9148 ADVPKG 1.880 — — — 34.43 3.19 38.5
2.630 1.943 2.570 2.480 1562 BJTOTO 2.500 -0.030 601.1 2.510 13.99 6.20 3,377.6 0.180 0.090 — — 7146 AEM 0.095 — — — — — 28.4
0.384 0.205 0.275 0.270 9288 BONIA 0.275 UNCH 170.7 0.275 18.58 — 221.7 0.740 0.370 0.460 0.455 5198 AFUJIYA 0.460 UNCH 38.1 0.460 19.83 — 82.8
0.385 0.055 0.105 0.095 9474 BRAHIMS 0.095 -0.010 100 0.100 — — 22.4 0.350 0.200 — — 2682 AISB 0.245 — — — — — 35.4
1.012 0.491 0.575 0.555 7174 CAB 0.560 -0.015 461.6 0.563 14.07 0.89 367.9 0.640 0.500 0.510 0.510 7609 AJIYA 0.510 UNCH 2 0.510 6.23 1.96 155.3
0.639 0.367 0.450 0.415 7154 CAELY 0.430 UNCH 54 0.428 134.38 1.16 70.4 0.895 0.420 0.510 0.510 2674 ALCOM 0.510 -0.005 17.5 0.510 19.92 — 68.5
0.350 0.220 — — 7128 CAMRES 0.255 — — — 19.47 — 50.2 1.391 0.993 — — 7083 ANALABS 1.010 — — — 13.31 1.98 121.2
2.000 1.500 1.940 1.940 5245 CARING 1.940 UNCH 5 1.940 19.74 2.58 422.4 0.682 0.440 0.470 0.450 4758 ANCOM 0.465 0.005 126.5 0.462 8.36 — 112.0
27.031 16.611 24.920 24.520 2836 CARLSBG 24.920 0.060 126 24.777 26.84 3.07 7,619.2 2.553 1.110 1.550 1.500 6556 ANNJOO 1.510 -0.020 225 1.523 5.34 7.95 845.5
2.180 1.400 1.490 1.440 2925 CCB 1.490 UNCH 20.2 1.470 7.27 — 150.1 0.060 0.035 0.040 0.035 9342 ANZO 0.040 0.005 683.3 0.036 — — 35.2
1.010 0.365 0.605 0.590 7035 CCK 0.590 -0.020 1317.8 0.595 14.36 2.12 372.1 0.880 0.500 — — 5568 APB 0.570 — — — — 5.26 64.3
0.495 0.290 0.300 0.300 7209 CHEETAH 0.300 -0.025 13 0.300 52.63 1.33 38.3 3.695 2.680 2.950 2.950 5015 APM 2.950 UNCH 11 2.950 15.01 4.07 594.7
1.983 1.210 1.240 1.230 2828 CIHLDG 1.230 -0.020 14 1.233 11.04 8.13 199.3 0.630 0.469 — — 7214 ARANK 0.510 — — — 6.52 4.55 86.5
0.095 0.060 0.070 0.065 5104 CNI 0.065 -0.005 96.2 0.067 72.22 4.62 46.8 0.605 0.074 0.435 0.395 7181 ARBB 0.410 -0.035 4489.6 0.411 3.50 — 46.7
0.075 0.035 — — 5188 CNOUHUA 0.045 — — — — — 30.1 0.951 0.581 — — 7162 ASTINO 0.645 — — — 8.48 1.55 176.8
2.376 1.830 — — 7205 COCOLND 1.960 — — — 14.50 3.06 448.4 1.880 1.380 1.760 1.740 8176 ATAIMS 1.750 UNCH 658.7 1.752 16.81 — 2,107.6
0.085 0.005 0.040 0.040 03016 CRG 0.040 UNCH 498 0.040 11.11 — 32.2 0.930 0.545 — — 7099 ATTA 0.560 — — — 6.60 14.29 119.5
1.472 1.013 1.050 1.040 7202 CSCENIC 1.040 -0.010 30 1.045 17.33 5.77 125.3 0.918 0.592 0.725 0.720 7579 AWC 0.725 UNCH 98.1 0.722 8.06 1.03 214.7
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.425 0.320 0.340 0.325 5021 AYS 0.325 -0.015 33 0.329 6.66 7.69 123.6
0.540 0.415 0.420 0.420 9423 CWG 0.420 UNCH 29 0.420 9.91 3.57 53.0 1.841 1.180 — — 8133 BHIC 1.280 — — — — 2.73 318.0
0.040 0.025 0.035 0.030 7179 DBE 0.035 0.005 675 0.033 — — 93.7 0.515 0.260 0.375 0.350 7005 BIG 0.350 -0.025 74.2 0.360 25.18 — 16.8
1.090 0.915 — — 7119 DEGEM 0.965 — — — — 1.04 129.3 0.195 0.115 0.125 0.120 6998 BINTAI 0.120 UNCH 31 0.120 5.29 — 34.8
4.309 2.140 2.550 2.510 5908 DKSH 2.520 UNCH 62.5 2.525 8.91 3.97 397.3 0.350 0.245 0.265 0.260 3395 BJCORP 0.265 UNCH 3677.9 0.263 — — 1,382.0
69.171 58.442 64.000 63.900 3026 DLADY 64.000 UNCH 2 63.985 31.71 1.56 4,096.0 0.754 0.500 0.575 0.575 0168 BOILERM 0.575 -0.005 40 0.575 13.25 3.04 296.7
1.463 0.925 1.370 1.340 7148 DPHARMA 1.360 0.010 518.7 1.354 18.76 2.99 900.2 0.080 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 471.9 0.040 — — 240.3
2.543 1.600 2.030 1.990 1619 DRBHCOM 2.000 -0.040 1278.9 2.008 — 1.50 3,866.5 1.350 0.865 1.100 1.100 6297 BOXPAK 1.100 0.020 0.9 1.100 — — 132.1
0.195 0.095 0.100 0.095 2097 EASTLND 0.100 UNCH 735.1 0.099 — — 24.6 1.150 0.849 1.060 1.060 5100 BPPLAS 1.060 UNCH 5 1.060 9.31 3.77 198.9
0.665 0.509 — — 5081 EIG 0.570 — — — 17.70 5.26 135.2 0.240 0.140 — — 9938 BRIGHT 0.195 — — — — — 40.0
0.085 0.050 0.065 0.060 7182 EKA 0.065 0.010 150 0.060 — — 20.3 0.585 0.260 — — 7221 BSLCORP 0.300 — — — — — 29.4
0.235 0.150 — — 9091 EMICO 0.165 — — — — — 16.7 2.521 1.150 1.190 1.150 2771 BSTEAD 1.160 -0.030 349.5 1.165 — 4.31 2,351.3
1.340 0.820 — — 7149 ENGKAH 0.960 — — — 9.87 6.25 67.9 0.190 0.070 0.100 0.100 7188 BTM 0.100 UNCH 9.8 0.100 — — 14.1
0.185 0.155 — — 03021 ETH 0.180 — — — 54.55 — 44.2 3.460 1.830 3.200 3.120 5105 CANONE 3.130 -0.080 176.4 3.143 12.91 1.28 601.4
0.250 0.105 — — 7208 EURO 0.110 — — — — — 29.4 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.750 0.400 — — 7094 EUROSP 0.410 — — — — — 18.2 1.478 0.942 1.050 1.040 7076 CBIP 1.040 UNCH 18.9 1.043 13.10 3.85 559.8
39.298 28.688 34.340 33.100 3689 F&N 33.100 -0.120 232.6 33.719 29.39 1.74 12,140.4 2.355 1.515 2.050 1.980 2879 CCM 1.980 -0.080 65.5 2.018 12.92 3.03 332.0
0.959 0.660 0.660 0.660 2755 FCW 0.660 UNCH 1 0.660 1650.0 15.15 165.0 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1
0.543 0.428 0.480 0.455 6939 FIAMMA 0.480 UNCH 1094.3 0.475 7.21 4.69 254.4 1.360 0.900 — — 8044 CFM 1.200 — — — — — 49.2
0.530 0.280 0.415 0.380 8605 FIHB 0.410 0.020 283 0.399 7.43 — 44.7 0.460 0.320 0.330 0.320 7187 CHGP 0.330 UNCH 28 0.322 16.42 — 98.0
1.955 1.199 1.720 1.710 9172 FPI 1.710 UNCH 33.8 1.712 11.52 5.85 423.0 1.011 0.618 0.770 0.765 5273 CHINHIN 0.770 -0.005 44.2 0.766 18.64 3.90 428.4
1.890 0.600 1.140 1.130 7184 G3 1.130 -0.040 46.3 1.138 — — 466.5 1.945 1.407 1.830 1.800 5007 CHINWEL 1.820 0.010 213 1.823 8.91 4.73 545.2
4.240 1.479 4.000 3.940 5102 GCB 3.990 UNCH 98.5 3.993 10.03 0.50 1,915.8 2.170 1.410 1.550 1.550 5797 CHOOBEE 1.550 UNCH 0.6 1.550 6.26 3.23 204.1
0.580 0.400 0.480 0.480 5592 GCE 0.480 0.005 10 0.480 — 4.17 94.6 0.459 0.230 0.375 0.360 7016 CHUAN 0.360 -0.015 5.9 0.362 7.71 3.06 60.7
5.178 2.696 3.150 3.070 4715 GENM 3.070 -0.070 6321.4 3.093 — 3.58 18,229.8 0.880 0.420 — — 8052 CICB 0.595 — — — — 1.63 53.6
8.790 5.851 6.480 6.380 3182 GENTING 6.380 -0.120 3221.6 6.430 17.93 2.27 24,734.6 0.045 0.035 0.035 0.035 7018 CME 0.035 -0.005 50 0.035 — — 20.4
0.415 0.100 0.220 0.200 5079 GETS 0.210 -0.010 1242.7 0.211 — — 26.5 3.824 1.697 3.180 3.020 2852 CMSB 3.020 -0.100 1484.9 3.089 12.27 2.45 3,244.6
0.200 0.105 0.130 0.120 0136 GREENYB 0.125 0.005 72 0.120 62.50 — 41.7 0.900 0.380 — — 7986 CNASIA 0.430 — — — 17.20 — 21.5
5.120 2.380 2.420 2.380 7668 HAIO 2.410 0.010 42.5 2.397 13.72 7.47 723.7 1.370 0.735 1.030 1.030 5071 COASTAL 1.030 -0.010 8.3 1.030 — — 547.8
3.980 3.400 3.890 3.890 5008 HARISON 3.890 -0.010 3.1 3.890 12.23 5.14 266.4 0.225 0.045 0.070 0.070 7195 COMCORP 0.070 UNCH 1 0.070 — — 9.8
0.165 0.055 — — 5187 HBGLOB 0.105 — — — 4.47 — 49.1 1.090 0.773 0.840 0.815 2127 COMFORT 0.815 -0.010 558.5 0.828 16.40 1.23 468.6
25.100 17.420 23.960 23.720 3255 HEIM 23.780 -0.180 36.5 23.790 25.43 3.95 7,183.9 0.030 0.020 0.030 0.025 5037 COMPUGT 0.030 0.005 2046.2 0.025 — — 70.4
12.115 8.420 11.000 10.700 3301 HLIND 10.840 -0.020 80.2 10.832 10.38 3.41 3,554.5 1.350 0.975 1.090 1.070 5094 CSCSTEL 1.070 -0.020 109.4 1.080 18.01 3.74 406.6
0.790 0.585 0.630 0.620 5160 HOMERIZ 0.625 -0.005 100.9 0.624 8.70 4.00 187.5 0.630 0.400 — — 7157 CYL 0.450 — — — — 8.89 45.0
1.131 0.922 0.990 0.980 5024 HUPSENG 0.980 UNCH 256.6 0.981 18.70 6.12 784.0 0.410 0.300 — — 5082 CYMAO 0.305 — — — — — 22.9
0.420 0.280 0.310 0.285 8478 HWATAI 0.310 UNCH 4.8 0.286 — — 23.2 1.780 1.510 1.600 1.550 5184 CYPARK 1.570 -0.030 129.6 1.574 8.70 2.48 719.5
0.080 0.030 0.040 0.035 7243 IMPIANA 0.035 -0.010 40848 0.040 — — 195.8 2.370 1.550 2.140 2.100 8125 DAIBOCI 2.100 -0.040 5 2.132 45.16 1.60 688.6
2.070 1.050 1.100 1.050 5107 IQGROUP 1.050 -0.160 18.9 1.082 — 9.52 92.4 0.680 0.338 0.585 0.570 5276 DANCO 0.575 -0.015 231.1 0.576 11.50 3.04 174.8
0.050 0.030 0.040 0.035 7223 JADI 0.040 0.005 100.5 0.035 — — 37.7 0.360 0.120 0.270 0.255 7212 DESTINI 0.265 UNCH 1712.5 0.260 176.67 — 306.1
0.980 0.687 0.950 0.945 7152 JAYCORP 0.945 -0.005 24.3 0.948 8.24 3.17 129.7 0.755 0.290 0.450 0.450 7114 DNONCE 0.450 UNCH 97.5 0.450 45.45 — 113.3
0.453 0.330 0.375 0.375 8931 JERASIA 0.375 0.020 5.4 0.375 4.05 2.67 30.8 0.295 0.095 — — 5835 DOLMITE 0.100 — — — — — 28.5
1.600 0.811 1.400 1.340 7167 JOHOTIN 1.380 -0.030 1479.6 1.366 11.83 3.62 428.4 0.170 0.070 0.130 0.130 5265 DOLPHIN 0.130 UNCH 100 0.130 — — 31.7
0.400 0.280 — — 8672 KAMDAR 0.330 — — — — — 65.3 1.348 1.137 1.250 1.220 7169 DOMINAN 1.220 -0.030 13.4 1.229 6.00 5.74 201.6
0.931 0.375 0.525 0.500 5247 KAREX 0.500 -0.025 3577.8 0.510 80.65 1.00 501.2 2.713 0.619 1.600 1.560 7233 DUFU 1.570 -0.030 1216.7 1.583 7.85 2.97 413.2
2.496 1.460 1.510 1.460 7216 KAWAN 1.470 -0.060 127.6 1.490 23.19 1.70 528.5 2.000 0.655 0.790 0.765 7165 DWL 0.765 -0.030 1156.8 0.774 — — 157.1
0.225 0.080 — — 8303 KFM 0.180 — — — — — 12.3 0.380 0.080 0.085 0.080 5178 DYNACIA 0.080 UNCH 914.3 0.080 — — 38.4
0.675 0.455 — — 6203 KHEESAN 0.475 — — — 11.12 — 49.4 2.900 1.767 2.830 2.730 1368 EDGENTA 2.830 0.070 17.6 2.768 15.85 4.95 2,353.5
1.880 1.400 — — 7062 KHIND 1.700 — — — 43.04 0.59 68.1 0.320 0.170 — — 0064 EFFICEN 0.200 — — — — — 141.8
1.837 1.547 1.690 1.690 0002 KOTRA 1.690 -0.020 7.4 1.690 11.52 3.55 243.3 0.640 0.430 0.450 0.440 8907 EG 0.440 -0.005 281.5 0.444 7.25 — 119.3
0.550 0.295 0.500 0.460 7130 KPOWER 0.500 0.045 317.7 0.482 — — 38.1 1.447 1.071 1.320 1.320 5208 EITA 1.320 -0.050 10 1.320 11.70 3.79 171.6
0.140 0.070 — — 5172 KSTAR 0.075 — — — — — 29.0 0.990 0.634 — — 9016 EKSONS 0.795 — — — — 6.29 130.5
0.195 0.050 0.105 0.100 4847 KTB 0.105 UNCH 1276.4 0.104 — — 42.3 0.590 0.370 0.400 0.390 7217 EMETALL 0.390 UNCH 14 0.397 23.08 6.41 73.4
0.760 0.445 0.460 0.460 1643 LANDMRK 0.460 0.005 112 0.460 — — 243.3 1.230 0.770 0.810 0.780 5056 ENGTEX 0.790 -0.015 278.7 0.789 26.33 0.95 350.2
4.065 2.931 3.850 3.850 7006 LATITUD 3.850 -0.050 7 3.850 19.64 0.78 374.2 0.470 0.345 0.370 0.345 7773 EPMB 0.370 -0.010 1.2 0.350 — — 61.4
0.961 0.325 0.450 0.440 9385 LAYHONG 0.440 -0.010 2738.6 0.443 53.01 1.14 290.5 0.625 0.320 0.340 0.320 5101 EVERGRN 0.330 -0.005 2234.6 0.328 17.10 1.45 279.3
1.061 0.735 0.925 0.900 8079 LEESK 0.900 -0.025 45.4 0.924 14.31 2.78 151.0 1.400 1.050 1.230 1.200 2984 FACBIND 1.230 -0.010 9 1.207 82.55 — 104.7
1.190 1.020 1.060 1.020 6633 LHI 1.050 -0.020 24564.7 1.040 — — 3,832.5 2.880 2.200 2.670 2.670 7229 FAVCO 2.670 UNCH 12.4 2.670 9.33 5.06 591.8
3.242 2.119 2.780 2.730 7089 LIIHEN 2.770 -0.010 145.2 2.750 8.72 4.33 498.6 0.609 0.390 — — 0149 FIBON 0.390 — — — 16.96 1.92 38.2
0.630 0.285 0.305 0.285 7126 LONBISC 0.290 -0.005 3355.6 0.293 4.43 — 82.9 1.970 1.703 — — 3107 FIMACOR 1.900 — — — 8.28 6.58 466.0
1.389 0.774 1.210 1.170 7085 LTKM 1.180 -0.040 75 1.193 9.47 1.69 153.5 0.560 0.365 0.425 0.420 9318 FITTERS 0.425 UNCH 474.2 0.423 12.04 — 204.2
5.248 3.767 4.540 4.490 7087 MAGNI 4.500 UNCH 100.8 4.500 7.25 3.11 732.3 1.825 0.901 1.550 1.510 5197 FLBHD 1.550 0.010 68.9 1.529 5.64 11.94 164.3
2.480 1.715 2.450 2.420 3859 MAGNUM 2.450 UNCH 292.7 2.437 33.11 6.12 3,522.5 0.441 0.186 0.365 0.330 5277 FPGROUP 0.340 -0.020 4300.7 0.346 17.89 2.94 176.5
0.145 0.115 — — 3514 MARCO 0.120 — — — 9.16 2.50 126.5 1.230 0.600 0.615 0.600 7197 GESHEN 0.600 -0.030 147 0.602 13.13 — 48.0
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.545 0.420 0.440 0.435 5220 GLOTEC 0.440 UNCH 573.2 0.435 21.26 — 118.4
1.000 0.780 — — 5886 MBG 0.780 — — — 28.26 3.85 47.4 0.325 0.185 0.195 0.190 7192 GOODWAY 0.195 UNCH 42.3 0.195 — — 21.6
3.080 1.838 2.920 2.860 5983 MBMR 2.900 0.040 486 2.898 6.80 4.14 1,133.6 0.130 0.080 0.130 0.120 7096 GPA 0.130 0.010 5578.9 0.125 433.33 — 127.5
0.400 0.185 0.285 0.285 7234 MESB 0.285 -0.010 15 0.285 — — 23.3 0.325 0.170 0.235 0.230 5649 GPHAROS 0.230 -0.010 35 0.234 57.50 5.52 31.2
0.235 0.177 — — 03015 MFGROUP 0.235 — — — 25.54 — 75.2 0.686 0.420 0.490 0.480 3247 GUH 0.490 UNCH 4.4 0.483 — — 136.2
1.358 0.446 0.755 0.735 3662 MFLOUR 0.745 -0.010 2032.2 0.745 24.03 3.91 746.3 1.050 0.670 0.780 0.760 5151 HALEX 0.780 0.020 2.1 0.761 — — 640.1
0.860 0.600 — — 7935 MILUX 0.800 — — — — — 43.5 10.000 9.083 9.720 9.640 3034 HAPSENG 9.700 -0.020 933.2 9.686 21.08 3.61 24,149.9
0.155 0.035 0.040 0.040 5166 MINDA 0.040 UNCH 20 0.040 — — 49.6 7.339 4.520 5.220 5.110 5168 HARTA 5.200 0.100 3723.3 5.178 37.85 1.63 17,396.9
4.000 1.370 1.490 1.420 5202 MSM 1.430 -0.020 72 1.458 28.21 — 1,005.3 8.830 4.510 6.090 5.930 4324 HENGYUAN 5.970 -0.070 260.4 5.990 58.02 — 1,791.0
0.040 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 623.1 0.010 — — 6.1 0.973 0.513 0.700 0.670 5095 HEVEA 0.675 -0.020 2202.3 0.684 22.65 7.41 378.7
0.210 0.145 0.200 0.190 3891 MUIIND 0.195 0.005 3922.9 0.195 — — 571.8 0.806 0.609 — — 3298 HEXZA 0.715 — — — 19.27 6.99 143.3
2.650 1.620 2.260 2.200 3905 MULPHA 2.200 -0.100 37.1 2.223 2.98 — 703.2 0.455 0.215 0.250 0.235 5072 HIAPTEK 0.240 -0.010 1383.7 0.238 — 2.08 322.6
1.709 1.330 1.400 1.390 5275 MYNEWS 1.400 UNCH 120 1.391 33.65 0.71 955.0 1.360 0.760 1.100 1.050 5199 HIBISCS 1.070 -0.020 7886.1 1.075 5.11 — 1,699.4
149.15 137.82 147.00 145.70 4707 NESTLE 146.30 0.800 111.5 146.436 51.76 1.91 34,307.4 1.655 1.093 — — 7033 HIGHTEC 1.200 — — — 14.27 1.67 48.7
3.254 2.500 2.830 2.830 7060 NHFATT 2.830 0.050 0.2 2.830 16.70 3.53 234.0 0.737 0.465 0.585 0.580 8443 HIL 0.580 UNCH 100 0.581 11.26 3.02 193.7
0.050 0.025 — — 7139 NICE 0.030 — — — 2.94 — 21.1 0.810 0.340 0.585 0.560 5165 HOKHENG 0.560 -0.030 87 0.574 350.00 — 49.3
0.267 0.117 0.225 0.180 7215 NIHSIN 0.190 -0.020 12387.3 0.208 26.76 — 61.1 1.290 0.445 1.090 1.020 0185 HSSEB 1.020 -0.070 190.3 1.038 — 0.75 505.8
0.630 0.425 0.440 0.430 5066 NTPM 0.430 UNCH 15 0.432 32.82 5.58 483.0 0.465 0.130 0.190 0.180 2739 HUAAN 0.180 -0.010 7587.8 0.184 6.82 — 202.0
0.580 0.300 — — 5533 OCB 0.450 — — — — — 46.3 1.548 0.456 0.830 0.800 5000 HUMEIND 0.815 0.020 2072 0.820 — 2.45 390.5
0.611 0.395 0.440 0.425 0049 OCNCASH 0.440 UNCH 179.7 0.432 17.74 2.07 107.9 0.135 0.080 0.085 0.080 9601 HWGB 0.085 -0.005 247.7 0.083 — — 30.4
1.020 0.631 0.820 0.795 7107 OFI 0.820 -0.015 175.5 0.807 17.60 1.83 196.8 2.308 1.837 1.960 1.960 7222 IMASPRO 1.960 -0.010 200 1.960 142.03 1.79 156.8
0.135 0.090 0.120 0.115 3018 OLYMPIA 0.120 UNCH 653.2 0.118 10.26 — 122.8 0.900 0.425 — — 5673 IPMUDA 0.440 — — — — — 31.9
6.860 5.766 6.700 6.640 4006 ORIENT 6.690 0.080 32.6 6.687 8.14 2.99 4,150.4 0.200 0.100 0.120 0.120 7183 IRETEX 0.120 UNCH 0.1 0.120 — — 17.9
1.055 0.460 0.540 0.535 5260 OWG 0.535 -0.005 170.1 0.535 10.08 — 152.5 0.140 0.110 0.110 0.110 8648 JASKITA 0.110 UNCH 10 0.110 — — 49.5
6.070 3.125 3.820 3.740 7052 PADINI 3.760 0.010 22.4 3.761 14.70 2.66 2,473.7 1.700 1.340 — — 0058 JCBNEXT 1.500 — — — 21.01 2.67 206.7
39.301 33.391 — — 3719 PANAMY 38.000 — — — 21.30 3.89 2,308.3 0.250 0.155 0.170 0.170 9083 JETSON 0.170 0.005 16 0.170 — — 36.0
0.427 0.291 0.340 0.315 5022 PAOS 0.315 -0.005 8.7 0.318 42.00 5.08 57.1 1.100 0.950 — — 7043 JMR 1.050 — — — — — 133.1
0.380 0.230 0.290 0.290 9407 PARAGON 0.290 -0.005 2 0.290 — — 20.3 0.235 0.120 0.125 0.120 0054 KARYON 0.125 UNCH 110 0.122 7.91 2.40 59.5
0.650 0.225 0.255 0.255 5657 PARKSON 0.255 UNCH 515.6 0.255 — — 278.9 0.630 0.480 0.505 0.500 7199 KEINHIN 0.500 -0.040 10 0.501 18.05 2.00 54.4
0.565 0.185 0.385 0.375 6068 PCCS 0.375 -0.015 1047.6 0.377 5.78 2.67 78.8 1.680 1.402 1.660 1.660 6491 KFIMA 1.660 UNCH 8.2 1.660 7.77 5.42 468.5
0.720 0.290 0.305 0.295 5231 PELIKAN 0.300 -0.005 154.1 0.302 24.00 — 166.0 1.410 0.710 1.280 1.230 0151 KGB 1.240 -0.050 1334.8 1.255 16.27 1.45 366.1
0.625 0.340 0.410 0.410 9997 PENSONI 0.410 UNCH 2 0.410 — — 53.2 0.330 0.130 — — 6211 KIALIM 0.230 — — — — — 14.2
0.590 0.210 0.570 0.565 7080 PERMAJU 0.570 UNCH 442.4 0.569 — — 111.7 1.409 1.090 1.180 1.160 5371 KIMHIN 1.180 UNCH 5 1.168 — 4.24 183.6
28.201 22.497 25.080 24.340 5681 PETDAG 24.580 0.060 456.5 24.598 28.75 3.95 24,419.1 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.175 0.135 — — 4081 PMCORP 0.140 — — — 30.43 — 108.3 1.460 0.780 1.330 1.300 9466 KKB 1.310 -0.030 147 1.322 19.15 3.05 337.7
0.170 0.035 0.060 0.060 1287 PMHLDG 0.060 -0.005 170.7 0.060 — — 55.7 0.225 0.070 0.190 0.180 7164 KNM 0.185 -0.005 27303.4 0.185 — — 438.3
0.549 0.431 0.485 0.480 5080 POHKONG 0.480 UNCH 225 0.482 8.51 2.08 197.0 0.800 0.350 0.680 0.650 5035 KNUSFOR 0.650 UNCH 5 0.656 — — 64.8
1.619 1.192 1.510 1.480 7088 POHUAT 1.510 UNCH 97 1.486 5.91 3.97 354.4 1.680 0.910 1.410 1.360 6971 KOBAY 1.410 -0.020 4 1.398 9.13 — 144.0
19.200 16.860 18.740 18.480 4065 PPB 18.620 0.060 849.2 18.635 24.64 1.50 26,488.8 0.390 0.120 0.295 0.285 7017 KOMARK 0.290 -0.005 3934.9 0.291 — — 47.7
0.464 0.326 0.350 0.350 7190 PPG 0.350 UNCH 25 0.350 39.33 1.43 35.0 4.683 3.570 3.810 3.730 7153 KOSSAN 3.770 0.040 801.7 3.775 24.04 1.59 4,821.6
0.890 0.690 0.705 0.700 7168 PRG 0.705 UNCH 37.9 0.705 — — 228.9 1.624 0.922 1.130 1.070 5843 KPS 1.080 -0.050 656.7 1.093 — 3.94 580.4
0.685 0.470 0.500 0.500 9121 KPSCB 0.500 -0.005 2 0.500 7.20 — 73.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HUR SDAY M AY 2 3 , 2 0 1 9 • 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)
5.000 3.665 4.740 4.620 3476 KSENG 4.740 0.050 15.3 4.623 46.70 2.11 1,713.4 7.339 4.520 5.220 5.110 5168 HARTA 5.200 0.100 3723.3 5.178 37.85 1.63 17,396.9
0.595 0.285 0.375 0.375 5192 KSSC 0.375 UNCH 13 0.375 37.88 1.33 36.0 6.388 4.540 5.490 5.270 5225 IHH 5.300 -0.160 9740.8 5.345 82.30 0.57 46,490.8
0.530 0.225 0.365 0.355 6874 KUB 0.360 -0.005 1083.9 0.362 47.37 2.78 200.3 4.683 3.570 3.810 3.730 7153 KOSSAN 3.770 0.040 801.7 3.775 24.04 1.59 4,821.6
0.500 0.250 0.320 0.305 8362 KYM 0.320 -0.005 3.2 0.306 13.50 — 48.0 1.837 1.547 1.690 1.690 0002 KOTRA 1.690 -0.020 7.4 1.690 11.52 3.55 243.3
4.000 1.800 3.740 3.730 3794 LAFMSIA 3.730 UNCH 257.9 3.733 — — 3,169.4 1.164 0.876 0.945 0.930 5878 KPJ 0.935 -0.010 3177.7 0.935 22.37 2.14 4,148.4
0.615 0.440 0.570 0.520 9326 LBALUM 0.520 -0.020 109 0.529 14.17 1.92 129.2 3.945 2.000 2.570 2.500 7081 PHARMA 2.530 0.040 243.7 2.551 14.80 6.72 659.1
5.185 3.080 3.200 3.080 5284 LCTITAN 3.100 -0.090 1138.1 3.122 11.84 5.48 7,154.2 0.135 0.080 0.095 0.095 03023 SMILE 0.095 UNCH 10 0.095 — 1.26 90.2
0.728 0.400 0.485 0.475 5232 LEONFB 0.475 -0.010 30.7 0.480 5.64 3.16 147.3 2.255 1.400 1.670 1.600 7106 SUPERMX 1.660 0.050 11382.1 1.645 18.42 2.19 2,258.1
0.275 0.100 — — 8745 LEWEKO 0.200 — — — — — 64.4 0.825 0.695 0.750 0.745 0101 TMCLIFE 0.745 -0.005 251 0.748 43.06 0.24 1,294.0
0.160 0.085 — — 7170 LFECORP 0.125 — — — — — 25.6 6.297 4.300 5.070 4.950 7113 TOPGLOV 5.050 0.110 11728.6 5.034 29.86 1.68 12,930.9
0.775 0.405 — — 8486 LIONFIB 0.465 — — — 18.09 — 107.7 0.430 0.230 — — 03013 TOPVISN 0.430 — — — 36.75 — 109.9
1.300 0.450 0.525 0.515 4235 LIONIND 0.525 -0.005 1240.6 0.519 5.53 — 376.9 3.390 2.290 2.570 2.530 7178 YSPSAH 2.530 -0.040 92.3 2.554 11.48 2.77 351.7
0.480 0.250 0.320 0.300 9881 LSTEEL 0.320 0.015 35.7 0.305 8.16 — 41.0 FINANCIAL SERVICES
0.115 0.070 0.075 0.070 5068 LUSTER 0.075 UNCH 1100 0.073 11.72 — 148.2 4.350 3.570 3.780 3.670 2488 ABMB 3.680 -0.080 1020.4 3.702 10.62 4.16 5,697.0
0.684 0.486 0.525 0.515 5143 LUXCHEM 0.515 -0.010 62.5 0.518 11.70 4.37 451.4 17.360 13.216 16.320 16.120 5139 AEONCR 16.240 0.140 26.1 16.240 12.16 2.75 4,074.1
3.426 2.250 — — 9199 LYSAGHT 2.690 — — — 12.16 2.60 111.9 2.574 2.050 2.110 2.060 5185 AFFIN 2.110 0.010 121.5 2.074 8.13 2.37 4,190.5
0.865 0.340 0.460 0.450 5098 MASTEEL 0.455 -0.005 906.3 0.454 27.25 — 194.4 14.760 11.361 13.420 13.420 1163 ALLIANZ 13.420 UNCH 14.5 13.420 7.98 2.98 2,372.2
0.882 0.536 0.735 0.720 7029 MASTER 0.720 -0.015 105.2 0.726 6.83 4.86 39.3 4.640 3.375 4.460 4.340 1015 AMBANK 4.390 0.040 1045.9 4.388 10.16 3.42 13,232.3
1.350 0.889 1.340 1.290 5152 MBL 1.290 -0.030 1105.5 1.313 9.51 2.33 132.9 1.240 0.900 0.980 0.980 5088 APEX 0.980 UNCH 10 0.980 24.26 — 209.3
0.830 0.435 — — 7004 MCEHLDG 0.730 — — — — — 32.4 4.750 3.252 4.560 4.540 5258 BIMB 4.550 UNCH 55 4.551 11.27 3.41 8,027.5
0.225 0.090 0.130 0.130 3778 MELEWAR 0.130 -0.010 0.1 0.130 — — 46.7 7.782 6.090 6.200 6.120 1818 BURSA 6.140 -0.030 566.4 6.151 23.98 4.17 4,957.9
0.700 0.435 0.520 0.520 5223 MENTIGA 0.520 -0.020 7 0.520 10.61 — 36.4 6.565 4.986 5.180 5.140 1023 CIMB 5.140 -0.020 7001.6 5.160 8.60 4.86 49,999.0
1.760 1.540 — — 6149 METROD 1.760 — — — 23.22 3.41 211.2 0.380 0.240 0.250 0.250 2143 ECM 0.250 -0.030 1.5 0.250 47.17 — 120.0
0.575 0.240 0.255 0.250 5001 MIECO 0.250 -0.005 95.4 0.254 — — 131.3 1.480 1.114 1.380 1.380 5228 ELKDESA 1.380 UNCH 7.2 1.380 12.41 5.07 409.0
0.105 0.045 0.065 0.060 7219 MINETEC 0.060 UNCH 48 0.060 — — 55.3 21.497 17.158 19.500 19.220 5819 HLBANK 19.240 -0.060 571.9 19.318 14.52 2.49 41,706.9
0.424 0.275 — — 5576 MINHO 0.290 — — — 8.15 — 98.8 10.100 7.327 — — 5274 HLCAP 9.600 — — — 31.76 1.98 2,370.2
1.020 0.890 0.930 0.895 5916 MSC 0.900 -0.010 221.5 0.905 9.35 2.22 360.0 20.140 17.251 19.200 18.800 1082 HLFG 18.960 0.120 216.5 18.955 11.16 2.11 21,756.9
0.105 0.053 0.080 0.075 0043 MTRONIC 0.080 0.010 3541.8 0.079 — — 77.0 0.900 0.645 0.740 0.725 3379 INSAS 0.725 -0.010 358.4 0.736 9.56 2.76 502.7
2.884 1.500 1.780 1.760 3883 MUDA 1.770 -0.010 120.4 1.771 6.96 2.54 539.9 0.185 0.070 0.085 0.080 3441 JOHAN 0.085 0.005 224 0.083 — — 53.0
0.530 0.225 0.310 0.305 5087 MYCRON 0.310 -0.005 30 0.306 31.96 — 101.4 0.759 0.486 0.555 0.550 6483 KENANGA 0.555 0.005 57.5 0.550 34.47 1.98 401.1
0.640 0.335 0.390 0.380 7241 NGGB 0.385 -0.005 609.4 0.387 124.19 — 184.7 2.162 1.540 1.640 1.630 2186 KUCHAI 1.630 -0.010 62.5 1.637 12.52 0.61 201.7
0.265 0.060 0.125 0.115 5025 NWP 0.125 -0.005 300.9 0.123 — — 53.4 16.803 14.900 15.100 15.000 8621 LPI 15.020 0.020 30.4 15.011 18.78 4.53 5,983.7
0.765 0.555 0.645 0.630 4944 NYLEX 0.635 -0.005 181.2 0.635 56.70 3.15 123.4 1.070 0.400 1.010 0.960 1198 MAA 0.980 -0.040 920.9 0.990 — 6.12 268.0
0.895 0.539 0.690 0.680 7140 OKA 0.680 -0.005 89.9 0.684 10.37 6.07 166.9 2.870 2.300 2.700 2.600 1058 MANULFE 2.700 -0.050 1.5 2.667 20.80 2.59 546.4
1.738 0.880 1.050 1.010 5065 ORNA 1.050 0.030 10.9 1.025 8.26 2.38 79.0 9.927 8.167 9.040 8.950 1155 MAYBANK 8.990 -0.010 5879.8 8.995 12.12 6.34 99,336.6
0.075 0.045 0.055 0.050 7225 PA 0.050 -0.005 772.3 0.054 — — 93.5 1.197 0.890 0.940 0.930 1171 MBSB 0.940 0.005 2876.3 0.935 14.40 5.32 6,005.8
0.737 0.467 0.550 0.520 8419 PANSAR 0.520 -0.010 338.9 0.540 37.41 1.92 240.2 1.927 0.845 0.955 0.940 6459 MNRB 0.940 -0.025 287.1 0.944 5.88 — 721.0
0.625 0.403 0.520 0.515 5125 PANTECH 0.515 -0.010 113.8 0.518 8.10 3.84 386.2 1.370 1.000 1.030 1.000 5237 MPHBCAP 1.020 -0.010 10 1.014 59.65 — 729.3
10.004 7.665 8.880 8.710 5183 PCHEM 8.820 0.020 3861.7 8.818 14.21 3.63 70,560.0 1.005 0.951 0.995 0.985 6009 P&O 0.995 UNCH 6.5 0.993 — 6.28 285.5
1.161 0.651 1.130 1.070 5271 PECCA 1.090 0.010 470.1 1.099 14.53 5.05 204.9 25.762 21.721 22.640 22.420 1295 PBBANK 22.480 0.060 5351.7 22.530 15.59 3.07 87,270.5
5.292 3.473 4.900 4.900 5436 PERSTIM 4.900 UNCH 2.3 4.900 10.51 6.12 486.6 1.720 1.160 1.630 1.600 9296 RCECAP 1.620 -0.010 55.2 1.616 5.83 4.94 587.9
1.750 0.950 1.070 1.020 5219 PESTECH 1.040 -0.020 820.8 1.054 16.20 — 794.9 5.970 4.866 5.970 5.690 1066 RHBBANK 5.880 0.140 4648.9 5.878 10.24 3.49 23,579.1
19.757 16.220 16.820 16.500 6033 PETGAS 16.520 -0.100 1035.4 16.574 18.06 4.36 32,688.7 0.695 0.558 0.665 0.660 4898 TA 0.660 -0.005 60.5 0.664 14.70 6.21 1,129.9
9.067 6.010 6.630 6.570 3042 PETRONM 6.580 -0.020 16.7 6.611 7.91 3.04 1,776.6 6.330 3.290 6.240 6.070 6139 TAKAFUL 6.100 0.040 991.4 6.122 15.65 2.46 5,043.4
1.340 1.000 — — 3611 PGLOBE 1.050 — — — — — 196.0 1.000 0.525 0.700 0.690 5230 TUNEPRO 0.695 -0.005 194.8 0.694 10.56 4.32 522.5
0.160 0.090 0.130 0.130 7201 PICORP 0.130 UNCH 10 0.130 185.71 3.85 85.5 PROPERTY
1.770 1.230 1.500 1.470 7095 PIE 1.490 -0.010 119.4 1.483 13.27 1.61 572.2 0.340 0.230 — — 7131 ACME 0.250 — — — 17.36 — 59.7
0.325 0.100 0.265 0.265 7163 PJBUMI 0.265 0.045 1 0.265 101.92 — 21.7 0.714 0.490 0.575 0.555 1007 AMPROP 0.575 0.005 1.3 0.564 7.66 6.96 350.8
4.268 3.081 3.250 3.130 7172 PMBTECH 3.130 -0.020 21.4 3.159 52.17 0.64 505.9 0.349 0.220 0.275 0.270 1007PA AMPROP-PA 0.270 -0.010 6.7 0.272 — 7.41 77.5
5.155 3.880 4.330 4.230 8869 PMETAL 4.260 -0.040 793.9 4.267 26.79 1.53 17,140.8 1.280 0.870 1.240 1.160 5959 AMVERTON 1.160 -0.060 2.1 1.164 5.60 — 423.5
0.570 0.450 — — 6637 PNEPCB 0.500 — — — — — 65.7 0.650 0.270 0.310 0.300 7007 ARK 0.300 -0.020 20 0.307 — — 14.6
0.505 0.260 — — 8117 POLY 0.435 — — — 11.69 — 69.6 0.170 0.110 0.125 0.125 4057 ASIAPAC 0.125 UNCH 530 0.125 7.40 — 129.6
0.645 0.390 — — 8273 PPHB 0.560 — — — 5.56 — 105.6 5.638 4.155 4.520 4.510 2305 AYER 4.510 -0.100 1.2 4.518 16.75 1.11 337.6
0.922 0.492 0.575 0.570 9873 PRESTAR 0.575 -0.005 56 0.572 10.21 2.61 117.8 0.440 0.220 0.255 0.240 6602 BCB 0.255 -0.005 8.1 0.242 3.50 — 105.2
0.100 0.035 0.070 0.070 7123 PWORTH 0.070 UNCH 20228.6 0.070 — — 286.6 0.585 0.285 0.375 0.370 6173 BDB 0.375 UNCH 111.8 0.375 — — 113.9
0.880 0.705 — — 7544 QUALITY 0.750 — — — — — 43.5 0.310 0.200 — — 9814 BERTAM 0.250 — — — — — 51.7
0.450 0.190 — — 7498 RALCO 0.235 — — — — — 10.9 0.460 0.245 0.315 0.305 3239 BJASSET 0.315 0.005 32 0.308 — — 805.8
0.520 0.210 0.260 0.255 5256 REACH 0.255 -0.005 963.1 0.256 — — 279.6 1.580 1.078 1.530 1.500 5738 CHHB 1.530 0.030 49.8 1.505 4.83 — 421.8
0.340 0.241 — — 7232 RESINTC 0.280 — — — 34.15 8.93 38.4 1.440 1.190 1.260 1.260 6718 CRESNDO 1.260 -0.010 51.5 1.260 9.42 4.76 353.4
0.245 0.155 0.160 0.155 9954 RGTBHD 0.160 UNCH 703.3 0.159 8.29 — 92.3 1.590 1.108 — — 5049 CVIEW 1.470 — — — 1.96 3.40 147.0
1.288 0.540 — — 9741 ROHAS 0.595 — — — 16.67 3.36 281.2 0.565 0.220 0.425 0.400 3484 DBHD 0.400 -0.025 327 0.402 6.64 — 127.3
0.640 0.430 0.465 0.465 7803 RUBEREX 0.465 UNCH 20 0.465 15.25 3.76 117.3 0.095 0.050 0.085 0.080 7198 DPS 0.085 UNCH 130.3 0.081 — — 50.0
4.049 3.580 3.800 3.800 5134 SAB 3.800 0.040 2 3.800 17.98 1.32 520.3 1.656 0.810 0.830 0.810 3417 E&O 0.810 -0.010 386.6 0.819 18.41 — 1,180.1
8.480 6.710 8.200 8.100 9822 SAM 8.190 0.190 17.1 8.166 14.38 1.71 1,107.0 0.325 0.285 0.300 0.295 3557 ECOFIRS 0.300 UNCH 106 0.300 9.55 — 240.9
1.114 0.580 0.605 0.600 5147 SAMCHEM 0.600 UNCH 5 0.604 7.64 4.17 163.2 1.450 0.845 0.865 0.845 8206 ECOWLD 0.860 -0.005 872.5 0.855 14.73 — 2,532.2
0.869 0.680 — — 7811 SAPIND 0.760 — — — 13.06 6.58 55.3 0.765 0.345 — — 6076 ENCORP 0.380 — — — — — 116.5
0.545 0.205 0.300 0.285 5170 SCABLE 0.295 -0.020 89.6 0.291 — — 93.5 2.492 0.882 1.400 1.400 8613 ENRA 1.400 -0.110 0.5 1.400 — 2.14 190.7
1.882 0.910 0.950 0.910 7247 SCGM 0.935 -0.025 294.1 0.915 82.74 2.94 181.0 0.940 0.550 0.655 0.650 6815 EUPE 0.650 -0.005 85.2 0.655 2.75 — 83.2
0.810 0.300 0.695 0.655 9237 SCIB 0.670 UNCH 508.1 0.686 — — 57.5 0.885 0.495 0.655 0.630 7249 EWEIN 0.630 -0.025 823.5 0.643 4.86 0.79 190.0
1.936 0.885 0.980 0.970 0099 SCICOM 0.975 -0.010 75 0.973 14.95 8.72 346.6 1.150 0.665 0.690 0.680 5283 EWINT 0.690 UNCH 265.6 0.683 22.26 — 1,656.0
9.377 6.350 8.650 8.550 4731 SCIENTX 8.640 0.040 23.6 8.609 15.26 2.31 4,451.9 0.445 0.340 0.355 0.340 6041 FARLIM 0.355 -0.005 61.8 0.350 — — 59.8
0.350 0.125 — — 7239 SCNWOLF 0.150 — — — — — 14.4 0.486 0.350 0.365 0.360 5020 GLOMAC 0.360 UNCH 167 0.362 10.56 4.17 288.0
0.590 0.155 0.225 0.210 7073 SEACERA 0.210 -0.010 5068.2 0.216 — — 99.7 0.390 0.240 — — 9962 GMUTUAL 0.285 — — — 17.81 1.75 107.0
0.260 0.090 0.150 0.135 5145 SEALINK 0.145 -0.005 594.4 0.141 — — 72.5 0.275 0.170 — — 1147 GOB 0.175 — — — — — 79.6
0.485 0.180 — — 5163 SEB 0.360 — — — — — 28.8 0.255 0.115 0.185 0.185 7077 GSB 0.185 -0.005 61.2 0.185 — — 102.2
1.000 0.750 0.865 0.845 5181 SIGGAS 0.865 -0.005 54.3 0.850 32.28 0.58 162.2 1.004 0.710 0.730 0.715 1503 GUOCO 0.715 -0.015 9.1 0.720 — 2.80 500.8
0.690 0.410 — — 7115 SKBSHUT 0.680 — — — 13.03 — 27.2 1.340 1.200 1.250 1.250 7105 HCK 1.250 UNCH 10 1.250 76.69 — 526.9
1.562 0.945 1.270 1.220 7155 SKPRES 1.220 -0.030 907.7 1.246 14.39 4.16 1,525.2 0.755 0.500 — — 7010 HOOVER 0.590 — — — — — 23.6
1.426 0.765 1.200 1.190 7248 SLP 1.200 UNCH 2.6 1.196 15.00 3.96 380.4 0.500 0.300 0.350 0.340 5062 HUAYANG 0.345 -0.005 280.1 0.345 10.33 — 121.4
0.535 0.370 — — 7132 SMISCOR 0.420 — — — — — 18.8 0.534 0.360 0.400 0.400 4251 IBHD 0.400 UNCH 1.3 0.400 7.23 — 405.4
2.036 0.720 0.890 0.875 5665 SSTEEL 0.890 UNCH 12.3 0.890 8.59 3.93 385.9 0.734 0.147 0.675 0.675 5084 IBRACO 0.675 UNCH 5 0.675 11.12 3.33 335.1
0.230 0.030 — — 7143 STONE 0.030 — — — — — 2.7 1.860 0.650 1.150 1.140 9687 IDEAL 1.140 -0.010 37.2 1.148 2.54 — 344.2
0.985 0.400 — — 6904 SUBUR 0.540 — — — — — 112.9 3.047 2.200 — — 5606 IGBB 2.650 — — — 7.47 0.75 1,827.4
1.120 0.520 0.930 0.920 7207 SUCCESS 0.920 UNCH 242.8 0.923 43.19 1.09 229.0 1.861 1.160 1.200 1.180 5249 IOIPG 1.190 UNCH 32398.3 1.189 8.64 4.20 6,552.3
1.720 1.318 1.690 1.670 5211 SUNWAY 1.690 UNCH 484.9 1.683 12.81 3.22 8,324.1 0.298 0.175 0.185 0.180 5175 IVORY 0.180 -0.005 892 0.180 — 13.89 88.2
1.554 0.984 1.030 1.010 7235 SUPERLN 1.020 -0.020 110.7 1.024 16.22 2.25 163.2 1.320 0.365 0.875 0.820 1589 IWCITY 0.830 -0.045 10805.1 0.842 — — 695.0
2.255 1.400 1.670 1.600 7106 SUPERMX 1.660 0.050 11382.1 1.645 18.42 2.19 2,258.1 0.380 0.250 — — 8923 JIANKUN 0.310 — — — 65.96 — 51.7
0.360 0.180 0.245 0.245 5149 TAS 0.245 -0.005 80 0.245 25.79 — 44.1 0.100 0.070 0.080 0.080 6769 JKGLAND 0.080 UNCH 339 0.080 88.89 1.25 182.0
8.000 4.050 5.180 5.010 4448 TASEK 5.010 -0.140 28.3 5.136 — — 619.3 0.125 0.075 0.085 0.085 3115 KBUNAI 0.085 -0.010 39.7 0.085 24.29 — 491.0
0.675 0.405 0.525 0.520 7097 TAWIN 0.520 0.005 240 0.520 — — 41.4 0.940 0.555 0.585 0.585 7323 KEN 0.585 -0.035 5 0.585 4.36 2.56 112.2
1.020 0.680 0.700 0.680 5289 TECHBND 0.685 -0.015 436.7 0.687 — — 157.6 0.960 0.675 0.830 0.810 5038 KSL 0.810 -0.030 79.1 0.820 3.66 — 840.4
0.905 0.580 0.640 0.640 8702 TEXCHEM 0.640 0.040 2 0.640 — 15.63 79.4 0.189 0.130 0.150 0.145 3174 L&G 0.150 UNCH 1249.7 0.149 14.29 10.00 446.0
3.080 2.070 2.600 2.540 7034 TGUAN 2.590 -0.010 204.1 2.570 8.08 3.09 355.9 1.030 0.630 0.990 0.980 8494 LBICAP 0.990 0.020 2.2 0.981 23.13 3.03 81.3
1.600 1.040 — — 7374 TIENWAH 1.400 — — — — 5.71 202.6 0.934 0.545 0.570 0.550 5789 LBS 0.565 0.015 237.2 0.559 10.22 3.19 881.1
0.700 0.410 0.585 0.585 7854 TIMWELL 0.585 UNCH 4.9 0.585 8.22 3.42 52.1 0.405 0.250 0.260 0.250 3573 LIENHOE 0.260 UNCH 3.2 0.253 — — 94.1
0.840 0.430 0.480 0.460 7285 TOMYPAK 0.480 -0.005 769 0.472 — 0.63 201.5 1.150 0.800 0.850 0.800 7617 MAGNA 0.850 0.030 47.4 0.829 — — 284.7
4.230 3.380 — — 5010 TONGHER 3.400 — — — 8.64 5.88 535.3 1.242 0.890 0.945 0.930 8583 MAHSING 0.930 UNCH 243.9 0.936 11.88 4.84 2,257.7
6.297 4.300 5.070 4.950 7113 TOPGLOV 5.050 0.110 11728.6 5.034 29.86 1.68 12,930.9 0.695 0.390 0.565 0.540 6181 MALTON 0.550 0.010 2073.4 0.554 32.93 3.64 290.5
1.040 0.503 0.720 0.685 7173 TOYOINK 0.715 0.025 10.4 0.686 22.00 1.40 76.5 2.045 1.763 1.930 1.920 5236 MATRIX 1.920 -0.010 92.2 1.926 7.31 6.77 1,485.7
0.840 0.620 — — 5167 TURBO 0.790 — — — 13.04 2.53 85.3 1.874 1.443 — — 7189 MBWORLD 1.580 — — — 5.09 6.33 248.7
3.070 2.360 2.730 2.700 7100 UCHITEC 2.730 -0.020 146 2.727 17.72 5.13 1,230.6 0.865 0.365 0.380 0.370 5182 MCT 0.370 -0.010 224.3 0.373 2.34 — 539.1
1.164 0.385 0.660 0.630 7133 ULICORP 0.635 -0.025 706.9 0.637 48.47 — 138.3 0.545 0.340 0.360 0.350 1694 MENANG 0.355 -0.010 508.1 0.355 14.31 — 170.7
2.638 1.910 — — 7137 UMS 2.080 — — — 17.42 2.88 84.6 0.500 0.250 0.260 0.255 5040 MERIDIAN 0.260 UNCH 507.2 0.259 — — 128.1
1.068 0.786 — — 7227 UMSNGB 0.950 — — — 9.29 3.16 76.0 0.370 0.190 — — 8141 MJPERAK 0.230 — — — 15.03 — 59.1
1.190 0.882 1.050 1.050 7091 UNIMECH 1.050 -0.010 18.6 1.050 7.75 3.62 166.7 1.468 1.110 1.280 1.250 6114 MKH 1.260 -0.020 240.4 1.269 9.29 2.78 739.1
0.750 0.315 0.335 0.325 4995 VERSATL 0.325 -0.015 31.1 0.332 — — 46.1 0.280 0.170 0.185 0.180 8893 MKLAND 0.180 UNCH 337 0.185 10.59 — 217.3
1.841 0.610 1.040 1.010 6963 VS 1.010 -0.020 4354.1 1.022 12.64 3.66 1,834.8 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
1.630 0.595 0.725 0.705 5142 WASEONG 0.720 -0.005 467.4 0.718 9.97 — 557.9 1.150 0.534 0.975 0.935 1651 MRCB 0.935 -0.035 3012.8 0.946 54.36 1.87 4,113.9
0.950 0.265 0.790 0.710 7226 WATTA 0.790 0.040 66.9 0.745 — — 66.7 0.540 0.390 — — 9539 MUH 0.490 — — — — — 27.6
1.344 1.104 1.290 1.290 7231 WELLCAL 1.290 0.020 30 1.290 19.31 4.11 642.4 0.290 0.170 0.195 0.190 3913 MUIPROP 0.190 UNCH 120.2 0.190 17.59 — 145.2
0.655 0.460 — — 7692 WIDETEC 0.480 — — — 12.12 — 21.5 1.440 0.430 0.935 0.895 5073 NAIM 0.895 -0.035 1195.1 0.908 3.26 — 459.9
0.853 0.465 0.475 0.465 7050 WONG 0.470 -0.010 57 0.472 11.11 — 53.9 2.280 1.883 — — 5827 OIB 2.010 — — — 5.46 3.48 311.3
0.830 0.500 — — 7025 WOODLAN 0.775 — — — 16.52 — 31.0 0.997 0.809 0.915 0.880 5053 OSK 0.890 -0.025 2145.5 0.895 5.34 5.62 1,864.8
1.880 1.020 — — 5009 WTHORSE 1.190 — — — — — 285.6 2.260 1.798 2.090 2.090 1724 PARAMON 2.090 UNCH 102.2 2.090 9.73 4.07 905.7
0.715 0.415 0.575 0.560 4243 WTK 0.560 -0.020 552.5 0.571 — 1.79 269.6 0.565 0.300 — — 6912 PASDEC 0.345 — — — — — 138.1
0.500 0.160 0.225 0.215 7245 WZSATU 0.220 -0.005 565 0.220 — 6.82 102.3 0.040 0.015 0.030 0.020 4464 PHB 0.025 UNCH 50780.5 0.025 — — 45.0
0.010 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.770 1.020 — — 7055 PLB 1.240 — — — — — 139.4
0.760 0.545 — — 5048 YILAI 0.630 — — — — — 91.7 1.595 1.353 1.460 1.460 5075 PLENITU 1.460 -0.010 6 1.460 11.59 3.08 557.0
0.270 0.090 — — 7020 YKGI 0.110 — — — — — 38.6 6.150 5.210 5.890 5.810 7765 RAPID 5.890 0.110 1178.6 5.853 1111.3 — 629.6
0.445 0.200 — — 7014 YLI 0.250 — — — — — 25.7 0.990 0.585 — — 4596 SAPRES 0.650 — — — — — 90.7
CONSTRUCTION 0.630 0.400 — — 5207 SBCCORP 0.470 — — — 11.58 — 121.3
0.550 0.241 0.380 0.365 5281 ADVCON 0.365 -0.015 636.5 0.370 13.83 2.74 147.0 0.814 0.600 0.680 0.680 2224 SDRED 0.680 -0.005 2 0.680 26.98 3.68 289.8
0.575 0.274 0.410 0.395 7078 AZRB 0.395 -0.015 665.4 0.400 16.60 2.25 236.2 0.430 0.285 0.325 0.325 4286 SEAL 0.325 UNCH 73 0.325 3.19 — 79.0
0.320 0.155 0.190 0.185 5190 BENALEC 0.185 -0.005 461 0.185 — 2.16 159.4 2.524 2.108 2.320 2.320 6017 SHL 2.320 UNCH 14.1 2.320 8.39 10.34 561.7
0.385 0.165 0.185 0.180 5932 BPURI 0.180 -0.005 218.5 0.182 69.23 — 68.8 1.459 0.897 0.970 0.955 5288 SIMEPROP 0.965 0.005 5710.7 0.964 — 2.07 6,562.8
0.837 0.725 — — 8761 BREM 0.750 — — — 57.25 2.67 259.1 0.240 0.135 0.155 0.155 4375 SMI 0.155 -0.005 46.6 0.155 7.60 — 32.5
1.210 0.790 1.060 1.030 8591 CRESBLD 1.030 -0.010 281.2 1.034 2.49 4.37 182.2 0.620 0.300 0.320 0.310 5213 SNTORIA 0.310 -0.005 55 0.311 8.27 — 175.9
1.840 1.574 — — 7528 DKLS 1.690 — — — 28.26 1.78 156.7 6.280 3.950 — — 1783 SPB 6.270 — — — 34.83 1.91 2,154.5
0.980 0.360 0.640 0.605 5253 ECONBHD 0.605 -0.020 9801.9 0.616 34.18 2.64 809.2 3.175 1.870 2.050 2.000 8664 SPSETIA 2.000 -0.060 1695.2 2.030 13.04 4.28 8,065.0
1.040 0.411 0.830 0.795 8877 EKOVEST 0.795 -0.040 26594.5 0.808 15.87 1.26 1,899.8 1.200 0.580 0.670 0.655 3743 SUNSURIA 0.670 0.010 56.8 0.659 5.86 — 596.2
0.536 0.300 0.430 0.415 7047 FAJAR 0.415 -0.010 336.6 0.425 11.07 3.61 155.1 0.658 0.320 0.420 0.420 1538 SYMLIFE 0.420 UNCH 40.5 0.420 2.49 — 247.9
0.960 0.475 0.845 0.825 9261 GADANG 0.830 -0.015 1812 0.834 7.64 3.61 549.2 0.295 0.170 0.245 0.235 4022 TADMAX 0.240 -0.010 395 0.241 42.86 — 188.1
4.339 1.948 3.290 3.210 5398 GAMUDA 3.230 -0.060 3374.4 3.234 17.88 3.72 7,974.1 0.330 0.240 0.255 0.245 5158 TAGB 0.255 UNCH 652 0.250 8.59 6.27 1,357.0
1.540 0.580 1.310 1.230 5226 GBGAQRS 1.240 -0.100 7619.8 1.243 9.60 3.36 613.3 0.055 0.025 0.045 0.040 2259 TALAMT 0.045 0.005 579.7 0.042 — — 189.9
1.753 0.717 1.090 1.060 3204 GKENT 1.070 -0.020 1217.9 1.074 7.04 4.67 602.7 1.023 0.687 0.765 0.765 5191 TAMBUN 0.765 UNCH 7 0.765 5.98 8.76 331.6
0.670 0.280 0.630 0.585 5169 HOHUP 0.605 -0.025 2677.7 0.607 7.85 — 226.8 0.112 0.045 — — 2429 TANCO 0.045 — — — — — 32.9
1.610 1.272 1.410 1.410 6238 HSL 1.410 UNCH 54 1.410 14.42 1.70 821.6 0.362 0.175 0.220 0.215 7889 THRIVEN 0.220 UNCH 106 0.217 5.37 — 120.3
2.370 1.373 2.080 1.930 3336 IJM 1.930 -0.090 4736.9 1.972 37.04 2.59 7,017.1 0.120 0.030 0.045 0.040 7079 TIGER 0.045 0.005 36749.5 0.044 — — 57.1
0.365 0.090 0.180 0.175 5268 IKHMAS 0.180 0.005 780.7 0.180 — — 98.2 0.445 0.285 0.290 0.285 5239 TITIJYA 0.290 UNCH 906 0.290 6.76 0.86 389.9
0.630 0.444 0.570 0.530 8834 IREKA 0.535 -0.035 22 0.537 — 3.74 99.9 0.898 0.778 0.875 0.860 5401 TROP 0.875 0.005 163 0.868 7.48 3.18 1,286.6
1.560 0.405 0.725 0.705 4723 JAKS 0.705 -0.015 3799 0.716 21.69 — 412.2 1.020 0.620 0.860 0.840 5148 UEMS 0.845 -0.005 486.8 0.848 14.06 — 3,834.1
1.676 0.990 1.250 1.200 7161 KERJAYA 1.240 -0.010 442 1.218 11.14 2.82 1,540.0 2.490 1.840 2.350 2.340 5200 UOADEV 2.340 UNCH 265.7 2.341 11.07 6.41 4,317.0
1.817 1.000 1.360 1.350 5171 KIMLUN 1.350 -0.010 16.3 1.353 7.13 4.07 448.1 0.205 0.105 — — 6378 WMG 0.105 — — — — — 44.7
1.060 0.735 — — 9628 LEBTECH 0.845 — — — 1207.1 — 115.3 0.955 0.910 — — 7003 Y&G 0.910 — — — 16.40 — 181.4
0.646 0.426 — — 5129 MELATI 0.475 — — — 24.87 2.11 57.0 1.900 1.040 1.900 1.750 3158 YNHPROP 1.890 0.120 4710.8 1.823 64.29 0.37 999.8
1.355 0.730 — — 8192 MERCURY 0.800 — — — 22.47 — 32.1 1.550 0.300 0.360 0.340 7066 YONGTAI 0.345 UNCH 2744.2 0.349 — — 184.3
1.810 0.240 1.350 1.340 5006 MERGE 1.340 -0.010 27 1.346 — — 89.8 0.495 0.365 0.370 0.370 2577 YTLLAND 0.370 0.005 100 0.370 — — 312.4
1.250 0.665 — — 7595 MGB 0.725 — — — 11.17 — 360.4 TRANSPORTATION & LOGISTICS
0.595 0.225 0.375 0.370 9571 MITRA 0.370 -0.005 572 0.372 6.30 4.05 331.6 9.805 6.520 7.340 7.030 5014 AIRPORT 7.030 -0.200 2328 7.127 17.41 1.99 11,664.1
0.225 0.115 0.165 0.155 5924 MTDACPI 0.160 0.005 77.4 0.163 — — 37.1 1.841 1.180 — — 8133 BHIC 1.280 — — — — 2.73 318.0
0.700 0.265 0.290 0.280 5085 MUDAJYA 0.285 -0.005 116.1 0.286 — — 172.5 5.825 4.345 — — 5032 BIPORT 4.920 — — — 15.94 2.85 2,263.2
3.200 2.600 2.730 2.680 5703 MUHIBAH 2.730 0.040 382.6 2.696 9.07 2.75 1,320.8 0.460 0.320 0.330 0.320 7187 CHGP 0.330 UNCH 28 0.322 16.42 — 98.0
0.440 0.220 0.350 0.325 7071 OCR 0.335 UNCH 6247.9 0.339 — — 108.0 0.779 0.385 0.410 0.405 7117 CJCEN 0.405 -0.005 108.5 0.405 16.27 1.85 159.7
0.900 0.730 0.820 0.820 5622 PEB 0.820 UNCH 0.3 0.820 0.41 — 56.7 0.930 0.535 0.800 0.800 5136 COMPLET 0.800 UNCH 10 0.800 8.67 — 100.3
0.365 0.170 0.230 0.225 8311 PESONA 0.225 -0.010 528.7 0.226 18.91 4.44 156.4 0.605 0.310 0.470 0.460 5259 EATECH 0.470 UNCH 607.9 0.466 3.19 — 236.9
0.663 0.190 0.255 0.250 5070 PRTASCO 0.250 -0.010 69.9 0.254 — — 123.8 0.767 0.505 0.640 0.635 7210 FREIGHT 0.635 UNCH 62 0.636 10.08 5.24 177.3
0.165 0.095 0.125 0.125 7145 PSIPTEK 0.125 UNCH 639.2 0.125 25.51 — 43.6 0.510 0.255 0.295 0.285 0078 GDEX 0.290 -0.005 765 0.290 60.42 0.69 1,636.0
2.770 2.050 2.500 2.500 9598 PTARAS 2.500 0.010 3.4 2.500 27.87 8.00 414.7 0.450 0.265 — — 7676 GUNUNG 0.290 — — — — — 68.5
0.689 0.315 0.345 0.335 6807 PUNCAK 0.340 -0.005 135.4 0.341 — 1.47 152.8 0.760 0.646 0.720 0.680 2062 HARBOUR 0.720 0.040 25.8 0.680 7.83 1.39 288.3
1.090 0.400 0.430 0.400 5205 SENDAI 0.400 -0.030 3269.2 0.409 4.28 — 312.4 0.105 0.030 0.055 0.050 7013 HUBLINE 0.055 UNCH 7982.2 0.054 42.31 — 210.0
2.090 1.272 1.920 1.850 5263 SUNCON 1.910 0.010 302.8 1.903 17.64 3.66 2,469.4 0.790 0.365 — — 5614 ILB 0.375 — — — — — 73.1
0.285 0.210 — — 9717 SYCAL 0.240 — — — 34.78 — 99.9 5.586 3.437 4.320 4.250 6645 LITRAK 4.260 -0.040 21.4 4.266 9.79 5.87 2,249.3
0.765 0.405 0.695 0.675 5054 TRC 0.685 -0.010 142.9 0.692 15.75 2.77 329.1 0.145 0.055 — — 5078 M&G 0.080 — — — — — 57.9
0.595 0.295 — — 5042 TSRCAP 0.460 — — — — — 80.2 0.715 0.410 0.570 0.565 5077 MAYBULK 0.570 -0.015 280.5 0.569 2.16 — 570.0
0.420 0.180 0.420 0.420 03017 UNIWALL 0.420 0.020 10 0.420 26.25 0.05 153.6 7.220 4.852 6.800 6.500 3816 MISC 6.550 -0.020 449.7 6.550 22.28 4.58 29,237.8
1.170 0.800 1.010 0.975 7070 VIZIONE 0.980 -0.030 805.8 0.985 7.73 — 551.0 1.720 0.810 1.020 1.000 2194 MMCCORP 1.010 0.010 1135.1 1.014 13.78 3.96 3,075.5
0.890 0.465 0.540 0.535 3565 WCEHB 0.540 0.010 218.8 0.536 63.53 — 541.5 0.385 0.200 — — 9806 NATWIDE 0.310 — — — — — 38.2
1.160 0.660 0.960 0.940 9679 WCT 0.950 UNCH 2845.5 0.949 12.37 3.16 1,346.4 0.065 0.025 0.030 0.030 6254 PDZ 0.030 -0.005 2389.8 0.030 — — 20.5
0.495 0.150 0.270 0.255 7028 ZECON 0.260 -0.010 143.2 0.256 3.08 — 34.1 4.371 1.550 1.610 1.570 4634 POS 1.580 -0.010 522.8 1.587 277.19 5.06 1,236.8
0.125 0.025 0.085 0.075 2283 ZELAN 0.080 -0.005 992.2 0.079 — — 67.6 0.880 0.295 — — 8346 PRKCORP 0.420 — — — — — 42.0
HEALTH CARE 0.260 0.090 0.150 0.135 5145 SEALINK 0.145 -0.005 594.4 0.141 — — 72.5
0.605 0.350 0.420 0.400 7191 ADVENTA 0.410 0.050 32 0.413 — — 62.6 1.263 0.880 — — 7053 SEEHUP 0.880 — — — — 3.58 70.8
9.830 5.544 8.790 8.500 7090 AHEALTH 8.530 -0.250 11 8.687 17.07 1.58 1,004.7 1.535 1.203 1.380 1.340 6521 SURIA 1.350 UNCH 1102.2 1.341 9.59 4.01 466.9
1.463 0.925 1.370 1.340 7148 DPHARMA 1.360 0.010 518.7 1.354 18.76 2.99 900.2 0.405 0.240 0.310 0.310 5173 SYSCORP 0.310 UNCH 62.6 0.310 65.96 — 372.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.360 0.180 0.245 0.245 5149 TAS 0.245 -0.005 80 0.245 25.79 — 44.1 0.225 0.070 0.190 0.180 7164 KNM 0.185 -0.005 27303.4 0.185 — — 438.3
1.924 0.968 1.370 1.370 5140 TASCO 1.370 UNCH 1 1.370 17.15 3.65 274.0 0.865 0.495 0.690 0.680 5186 MHB 0.685 0.005 61.4 0.684 — — 1,096.0
1.160 0.530 0.535 0.530 8397 TNLOGIS 0.530 -0.010 198 0.535 13.95 — 244.2 1.260 0.315 0.715 0.680 5133 PENERGY 0.685 -0.020 534.7 0.691 — 2.92 220.4
1.150 0.430 — — 7218 TOCEAN 0.540 — — — 337.50 — 22.1 0.540 0.175 0.330 0.305 7108 PERDANA 0.310 -0.035 9193 0.317 — — 241.3
4.000 3.159 3.650 3.530 5246 WPRTS 3.580 0.030 1315.2 3.597 22.22 3.28 12,207.8 0.065 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.980 0.620 0.795 0.750 5267 XINHWA 0.750 -0.025 194.5 0.762 30.86 1.33 162.0 9.067 6.010 6.630 6.570 3042 PETRONM 6.580 -0.020 16.7 6.611 7.91 3.04 1,776.6
PLANTATION 0.520 0.210 0.260 0.255 5256 REACH 0.255 -0.005 963.1 0.256 — — 279.6
0.210 0.140 0.150 0.150 7054 AASIA 0.150 -0.005 50 0.150 — — 99.0 0.825 0.255 0.315 0.310 5218 SAPNRG 0.310 -0.005 7884 0.312 — — 4,953.5
17.815 15.827 — — 1899 BKAWAN 16.800 — — — 17.03 3.27 7,324.0 0.145 0.040 0.090 0.085 7158 SCOMI 0.085 -0.005 2924.2 0.090 — — 93.0
8.000 6.660 — — 5069 BLDPLNT 6.890 — — — — 0.44 644.2 0.140 0.030 0.095 0.090 7045 SCOMIES 0.095 -0.005 1425.4 0.093 — — 222.5
1.286 0.655 0.790 0.750 5254 BPLANT 0.770 0.020 926.8 0.769 — 9.09 1,724.8 4.223 2.995 4.120 4.020 5279 SERBADK 4.040 -0.010 612.9 4.054 15.04 1.98 5,932.7
0.770 0.517 0.580 0.570 8982 CEPAT 0.575 0.005 52.5 0.575 33.43 2.61 183.1 0.055 0.005 0.015 0.010 1201 SUMATEC 0.015 0.005 3595.3 0.010 — — 63.8
7.833 6.343 6.550 6.550 1929 CHINTEK 6.550 -0.130 0.3 6.550 11.14 2.75 598.4 0.585 0.300 0.465 0.460 7228 T7GLOBAL 0.460 -0.020 135.9 0.460 27.22 — 211.9
0.521 0.394 0.450 0.440 3948 DUTALND 0.445 -0.010 461.7 0.444 55.63 — 376.5 0.080 0.025 0.060 0.050 7206 THHEAVY 0.050 -0.010 517.3 0.053 — — 56.1
3.459 2.650 — — 5029 FAREAST 2.770 — — — 128.84 1.08 1,644.9 1.510 0.550 0.825 0.810 7250 UZMA 0.815 -0.005 426.5 0.819 14.87 — 260.8
1.900 0.630 1.200 1.170 5222 FGV 1.180 -0.010 4179.5 1.180 — 4.45 4,304.8 0.325 0.165 0.290 0.280 5243 VELESTO 0.285 0.010 13611.2 0.283 — — 2,341.4
10.780 9.002 10.360 10.160 2291 GENP 10.260 -0.060 215.9 10.237 50.00 1.27 8,312.5 1.630 0.595 0.725 0.705 5142 WASEONG 0.720 -0.005 467.4 0.718 9.97 — 557.9
0.530 0.335 — — 7382 GLBHD 0.415 — — — — 2.41 92.5 4.990 4.030 4.720 4.650 7293 YINSON 4.690 -0.030 290.5 4.682 21.50 1.28 5,128.5
1.100 0.550 — — 2135 GOPENG 0.700 — — — 437.50 3.57 188.3
0.800 0.340 — — 7501 HARNLEN 0.620 — — — — — 115.0
2.464 1.560 1.580 1.560 5138 HSPLANT 1.580 -0.020 5 1.579 43.41 1.58 1,264.0
2.610 1.300 1.470 1.470 2216 IJMPLNT 1.470 UNCH 9.8 1.470 — 3.40 1,294.5
0.694 0.580 — — 2607 INCKEN 0.610 — — — — 1.75 256.7
0.864 0.605 0.720
4.715 4.064 4.320
0.826 0.430 0.540
0.700
4.200
0.530
6262
1961
4383
INNO
IOICORP
JTIASA
0.720
4.220
0.535
-0.045
0.010
-0.010
7.6
1103.7
102.5
0.701 36.36
4.225 37.41
0.535 —
1.39
1.90
0.93
344.8
26,521.2
520.9
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
25.780 22.832 24.300 24.020 2445 KLK 24.160 UNCH 469 24.151 40.38 1.86 25,790.9 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
4.104 3.100 — — 2453 KLUANG 3.180 — — — — 0.31 200.9
1.338 1.130 1.180 1.160 5027 KMLOONG 1.160 -0.020 19.9 1.170 20.75 5.17 1,085.1 CONSUMER PRODUCTS & SERVICES
0.835 0.365 0.410 0.390 1996 KRETAM 0.410 0.015 7 0.396 — — 954.3 0.740 0.325 0.655 0.635 0098 BAHVEST 0.650 Unch 3544.7 0.644 33.33 — 795.4
1.450 0.730 — — 6572 KWANTAS 0.770 — — — — — 240.0 0.275 0.195 0.205 0.200 0179 BIOHLDG 0.200 Unch 60.4 0.205 13.79 0.55 172.0
0.950 0.760 — — 4936 MALPAC 0.860 — — — — 11.63 64.5 0.350 0.170 0.175 0.170 0205 DPIH 0.175 0.005 114 0.173 5.61 — 85.2
0.790 0.560 0.620 0.620 5026 MHC 0.620 UNCH 2 0.620 27.31 2.42 121.9 0.180 0.095 0.120 0.110 0116 FOCUS 0.120 0.005 18080.8 0.117 — — 245.1
2.000 1.690 — — 5047 NPC 1.800 — — — — — 216.0 0.490 0.154 0.490 0.445 0157 FOCUSP 0.460 0.025 2067.4 0.458 10.70 3.26 75.9
3.712 3.110 3.300 3.300 2038 NSOP 3.300 -0.030 8.2 3.300 — 1.82 231.7 0.145 0.085 0.100 0.095 0074 GOCEAN 0.100 -0.005 130.9 0.095 — — 29.0
0.690 0.140 0.330 0.315 1902 PINEPAC 0.315 -0.035 1047.4 0.325 — — 47.2 0.140 0.035 0.045 0.040 0170 KANGER 0.045 Unch 744.3 0.041 — — 40.2
1.310 0.650 0.910 0.900 9695 PLS 0.900 -0.025 115 0.905 — — 315.6 0.205 0.125 0.170 0.170 0180 KTC 0.170 Unch 213 0.170 — — 86.7
0.320 0.140 0.195 0.190 5113 RSAWIT 0.190 -0.005 299.4 0.193 — — 269.5 0.190 0.100 — — 0182 LKL 0.110 — — — — — 47.2
3.954 2.750 — — 2542 RVIEW 3.050 — — — 72.62 1.31 197.8 0.260 0.100 0.140 0.135 0140 MACPIE 0.135 Unch 371.8 0.140 — — 43.4
3.178 2.740 — — 2569 SBAGAN 2.920 — — — — 0.68 193.7 0.773 0.277 0.455 0.450 0201 NOVA 0.450 -0.005 26.6 0.452 0.69 1.11 143.0
0.500 0.240 — — 4316 SHCHAN 0.310 — — — — — 40.9 0.200 0.110 — — 0153 OVERSEA 0.115 — — — — — 28.3
5.468 3.934 4.790 4.640 5285 SIMEPLT 4.680 UNCH 2976.8 4.686 59.85 2.20 32,219.8 0.145 0.065 0.070 0.065 0022 PARLO 0.065 Unch 96.1 0.067 — — 23.7
3.582 1.960 2.420 2.370 5126 SOP 2.370 -0.050 39.9 2.396 21.62 2.11 1,353.0 0.400 0.195 0.205 0.200 0171 PLABS 0.200 -0.005 193 0.201 11.30 3.00 42.9
1.900 1.420 1.630 1.620 5135 SWKPLNT 1.620 0.040 2.6 1.625 40.50 3.09 453.6 0.560 0.433 0.520 0.520 0158 SCC 0.520 -0.005 27 0.520 10.26 6.54 73.4
2.981 1.882 2.300 2.240 5012 TAANN 2.250 -0.020 76 2.259 13.20 4.44 1,000.9 0.275 0.095 0.105 0.095 0148 SUNZEN 0.105 Unch 120 0.097 — — 56.2
0.367 0.145 0.190 0.185 2054 TDM 0.185 -0.005 1221.1 0.186 — — 311.3 0.393 0.214 0.315 0.300 0197 WEGMANS 0.315 0.020 609.2 0.308 12.91 1.59 157.5
0.745 0.455 — — 5112 THPLANT 0.495 — — — — — 437.5 0.055 0.015 0.025 0.025 0095 XINGHE 0.025 Unch 450 0.025 — — 64.4
1.250 0.930 0.965 0.930 9059 TSH 0.960 -0.020 162.6 0.942 32.76 1.04 1,326.5 INDUSTRIAL PRODUCTS & SERVICES
6.505 5.101 5.250 5.250 2593 UMCCA 5.250 -0.050 5.9 5.250 — 1.52 1,100.9 0.300 0.210 — — 0122 AIM 0.270 — — — — — 71.8
27.000 24.006 26.760 26.040 2089 UTDPLT 26.040 -0.560 2.3 26.558 15.97 1.54 5,419.8
TELECOMMUNICATIONS & MEDIA 0.104 0.060 0.065 0.060 0105 ASIAPLY 0.065 -0.005 209.1 0.065 — 7.69 29.3
0.180 0.075 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.080 0.045 0.050 0.045 0072 AT 0.045 -0.005 374.7 0.045 — — 20.9
0.700 0.610 — — 7031 AMTEL 0.655 — — — 21.27 — 35.5 0.250 0.140 0.180 0.175 0187 BCMALL 0.175 -0.005 313.7 0.179 8.97 1.14 73.7
1.864 1.013 1.340 1.270 6399 ASTRO 1.290 -0.040 2934.8 1.304 14.54 6.98 6,726.5 0.260 0.155 0.160 0.160 0163 CAREPLS 0.160 Unch 90 0.160 — — 85.0
5.082 3.161 4.460 4.350 6888 AXIATA 4.390 -0.050 1866.2 4.408 — 2.16 40,074.6 0.170 0.075 — — 0102 CONNECT 0.080 — — — — — 26.3
0.375 0.120 — — 6025 BJMEDIA 0.145 — — — — — 34.1 0.323 0.170 — — 0190 ESAFE 0.210 — — — 60.00 8.57 50.5
5.040 3.803 4.710 4.540 6947 DIGI 4.570 -0.080 4025.3 4.617 23.75 4.16 35,531.8 0.237 0.105 0.145 0.145 0100 ESCERAM 0.145 Unch 5 0.145 — 4.14 29.8
0.405 0.180 0.215 0.210 0059 ECOHLDS 0.210 UNCH 49.9 0.211 — — 34.2 0.565 0.336 0.450 0.435 0039 GFM 0.445 0.010 836 0.443 25.43 2.47 209.6
0.450 0.280 0.330 0.325 0082 GPACKET 0.330 -0.005 85.5 0.329 — — 299.9 0.235 0.105 — — 0175 HHGROUP 0.120 — — — — — 40.7
5.782 5.055 5.380 5.300 6012 MAXIS 5.360 UNCH 1397.3 5.355 25.16 3.73 41,897.3 0.125 0.080 — — 0160 HHHCORP 0.090 — — — 15.25 — 30.0
0.600 0.325 0.430 0.410 4502 MEDIA 0.410 -0.015 205.9 0.420 7.77 — 454.8 0.280 0.115 0.140 0.135 0188 HLT 0.140 0.005 86.2 0.137 — — 71.7
0.309 0.181 0.195 0.190 5090 MEDIAC 0.190 UNCH 367 0.190 0.84 7.95 320.6 0.085 0.035 0.045 0.045 0024 JAG 0.045 Unch 52.1 0.045 37.50 4.22 68.2
0.790 0.400 0.450 0.420 0172 OCK 0.435 -0.010 2518.3 0.432 15.65 — 379.1 0.297 0.181 0.210 0.210 0193 KAB 0.210 Unch 337.4 0.210 7.84 4.76 70.4
0.464 0.326 0.350 0.350 7190 PPG 0.350 UNCH 25 0.350 39.33 1.43 35.0 0.170 0.085 — — 0167 MCLEAN 0.145 — — — — — 25.9
0.475 0.180 0.185 0.180 5252 SASBADI 0.180 UNCH 310 0.181 105.88 — 75.4 0.250 0.105 — — 0081 MEGASUN 0.110 — — — 22.92 — 27.6
0.860 0.510 — — 9431 SJC 0.540 — — — — — 21.9 0.140 0.045 0.045 0.045 0177 PASUKGB 0.045 -0.005 99.9 0.045 — — 36.6
1.232 0.597 0.680 0.650 6084 STAR 0.650 -0.015 124.1 0.657 — 4.62 480.1 0.260 0.120 0.130 0.130 0038 PTB 0.130 Unch 5 0.130 — — 24.2
9.090 6.890 8.850 8.760 5031 TIMECOM 8.800 -0.050 30.4 8.806 17.76 1.05 5,136.6 0.380 0.165 0.225 0.215 0196 QES 0.215 -0.010 3652.5 0.217 11.44 — 163.0
4.969 2.097 2.750 2.700 4863 TM 2.700 -0.050 1235 2.732 66.50 0.74 10,146.4 0.180 0.050 0.055 0.050 0133 SANICHI 0.055 Unch 435 0.051 — — 61.0
0.325 0.085 — — 5754 UTUSAN 0.120 — — — — — 13.3 0.185 0.090 0.135 0.120 0161 SCH 0.125 -0.005 4580.9 0.129 — — 69.4
TECHNOLOGY 1.010 0.335 0.895 0.880 0001 SCOMNET 0.885 0.005 96.6 0.882 39.33 1.13 569.1
0.700 0.610 — — 7031 AMTEL 0.655 — — — 21.27 — 35.5 0.290 0.115 0.220 0.205 0028 SCOPE 0.205 -0.010 545.8 0.210 — 2.44 126.9
0.210 0.120 0.140 0.135 5195 CENSOF 0.140 0.005 6 0.136 — — 70.2 0.170 0.080 0.095 0.095 0055 SERSOL 0.095 -0.005 36 0.095 — — 20.5
0.345 0.130 0.180 0.180 0051 CUSCAPI 0.180 UNCH 979.6 0.180 — — 154.7 0.559 0.265 0.280 0.270 0084 TECFAST 0.270 -0.005 163.9 0.274 15.43 3.70 61.6
0.993 0.610 0.625 0.620 7204 D&O 0.625 UNCH 799.9 0.620 20.49 1.60 692.4 0.739 0.460 0.470 0.470 0089 TEXCYCL 0.470 0.005 12.5 0.470 15.41 1.28 120.4
0.285 0.190 0.205 0.195 8338 DATAPRP 0.195 -0.005 256.6 0.196 — — 82.2 0.390 0.220 0.265 0.260 0162 WIDAD 0.265 Unch 607 0.260 — — 650.5
0.105 0.040 0.045 0.040 0029 DIGISTA 0.045 UNCH 151 0.040 — — 29.6 0.180 0.125 0.130 0.125 0025 YBS 0.125 -0.005 140 0.125 10.00 — 30.2
0.465 0.195 0.260 0.250 4456 DNEX 0.250 -0.005 2102.6 0.254 12.38 2.00 439.5 TECHNOLOGY
0.932 0.282 0.450 0.435 5216 DSONIC 0.440 -0.015 493 0.442 14.01 6.82 594.0 0.455 0.190 0.205 0.200 0181 AEMULUS 0.200 -0.005 767.8 0.202 20.83 1.00 109.8
0.840 0.335 0.485 0.460 5036 EDARAN 0.480 -0.010 245.7 0.474 3.97 — 28.8 0.255 0.080 0.095 0.090 0119 APPASIA 0.095 Unch 334 0.095 67.86 — 32.8
0.819 0.324 0.400 0.385 0065 EFORCE 0.395 -0.010 809.6 0.394 24.53 3.80 164.1 0.475 0.155 0.220 0.215 0068 ASDION 0.215 -0.010 285 0.218 — — 27.5
1.447 0.800 0.840 0.800 0090 ELSOFT 0.810 -0.025 961.5 0.811 13.50 5.65 540.3 0.519 0.360 0.370 0.360 0195 BINACOM 0.365 0.005 39.1 0.364 9.89 2.74 94.9
1.520 0.382 1.390 1.320 0128 FRONTKN 1.340 -0.080 19222.6 1.347 22.91 1.12 1,411.6 0.439 0.193 0.240 0.235 0191 CABNET 0.240 Unch 117.2 0.240 8.33 3.33 42.9
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.185 0.090 0.100 0.100 0152 DGB 0.100 Unch 3350 0.100 — — 75.6
1.860 1.350 1.620 1.580 0021 GHLSYS 1.580 -0.040 212.3 1.601 46.06 — 1,167.8 0.180 0.065 0.080 0.070 0131 DGSB 0.070 -0.005 1413.1 0.075 — — 52.2
0.450 0.280 0.330 0.325 0082 GPACKET 0.330 -0.005 85.5 0.329 — — 299.9 0.035 0.010 — — 0154 EAH 0.010 — — — — — 50.7
0.255 0.180 0.225 0.215 0056 GRANFLO 0.215 -0.015 849.2 0.221 18.38 2.33 103.9 0.125 0.015 0.035 0.030 0107 EDUSPEC 0.030 Unch 2362.3 0.030 — — 33.1
2.813 1.368 1.690 1.550 7022 GTRONIC 1.590 -0.100 2943.2 1.593 18.30 1.62 1,063.9 2.015 1.111 1.450 1.450 0104 GENETEC 1.450 -0.020 18.9 1.450 5.77 3.45 61.3
1.160 0.340 0.905 0.885 5028 HTPADU 0.900 0.005 919 0.895 — — 91.1 0.100 0.045 0.075 0.065 0045 GNB 0.075 -0.010 2989.1 0.069 — — 21.7
2.474 1.205 1.450 1.390 0166 INARI 1.400 -0.100 17303.3 1.420 17.35 4.50 4,446.1 0.120 0.020 0.030 0.025 0174 IDMENSN 0.030 Unch 440 0.027 — — 8.2
0.370 0.250 0.280 0.275 0192 INTA 0.280 0.005 324.4 0.275 7.05 2.68 149.9 0.520 0.185 0.425 0.400 0023 IFCAMSC 0.405 -0.020 8895.6 0.410 21.54 2.47 246.4
0.145 0.070 — — 9393 ITRONIC 0.105 — — — — — 11.9 0.120 0.045 0.060 0.055 0094 INIX 0.060 0.005 40 0.058 — — 15.8
0.345 0.155 0.170 0.165 5161 JCY 0.170 UNCH 505.9 0.166 — 2.94 353.1 0.195 0.115 0.150 0.140 0010 IRIS 0.145 Unch 14749.4 0.146 — — 430.1
18.130 7.360 7.690 7.510 9334 KESM 7.510 -0.090 13.6 7.550 16.25 2.46 323.0 1.030 0.615 0.900 0.870 0146 JFTECH 0.880 -0.040 479.9 0.882 191.30 1.36 184.8
0.245 0.095 0.110 0.105 0143 KEYASIC 0.110 UNCH 860.2 0.109 36.67 — 104.6 1.450 0.805 1.150 1.120 0127 JHM 1.130 -0.030 264.1 1.127 15.09 1.77 630.1
3.341 1.358 1.700 1.580 5286 MI 1.600 -0.110 2073.7 1.629 15.28 — 800.0 0.292 0.117 0.255 0.245 0111 K1 0.250 -0.005 1609.2 0.250 27.78 — 182.2
1.347 0.653 0.750 0.710 0113 MMSV 0.730 -0.020 125.1 0.726 16.33 2.47 148.8 0.095 0.035 — — 0036 KGROUP 0.035 — — — — — 18.2
13.087 7.898 9.400 9.030 3867 MPI 9.100 -0.400 87.7 9.187 11.80 3.19 1,909.9 0.810 0.515 0.565 0.555 0176 KRONO 0.560 -0.005 706.9 0.559 12.33 3.57 274.0
1.930 0.950 1.410 1.400 5011 MSNIAGA 1.400 -0.010 26.1 1.400 — — 84.6 0.170 0.060 0.075 0.060 0018 LAMBO 0.065 -0.005 62268 0.067 6.57 — 136.6
1.794 0.646 1.470 1.410 0138 MYEG 1.410 -0.040 21448 1.442 64.09 1.35 5,084.9 0.545 0.280 0.360 0.360 0075 LYC 0.360 0.010 0.2 0.360 — — 117.0
0.275 0.190 0.235 0.230 0041 MYSCM 0.230 -0.015 166.1 0.231 — — 61.1 0.105 0.040 0.045 0.040 0017 M3TECH 0.040 Unch 326.3 0.040 — — 23.5
0.778 0.507 0.525 0.515 0083 NOTION 0.515 -0.005 141.9 0.519 2.29 1.94 171.6 0.425 0.205 — — 0155 MGRC 0.285 — — — — — 29.5
0.460 0.335 0.400 0.390 9008 OMESTI 0.400 UNCH 360.1 0.394 — — 191.0 0.580 0.335 — — 0126 MICROLN 0.395 — — — — — 66.1
4.480 2.180 4.300 4.050 7160 PENTA 4.100 -0.240 3371.5 4.129 22.73 — 1,298.0 0.368 0.190 0.230 0.230 0112 MIKROMB 0.230 -0.005 98.8 0.230 25.84 4.35 99.1
1.350 0.255 0.395 0.380 5204 PRESBHD 0.385 -0.015 2610.4 0.388 256.67 4.42 186.3 0.065 0.035 0.050 0.045 0085 MLAB 0.050 Unch 362.2 0.045 — — 33.5
0.450 0.240 0.395 0.390 9075 THETA 0.390 0.005 40 0.393 — — 41.8 0.310 0.200 0.210 0.210 0034 MMAG 0.210 Unch 1 0.210 — — 143.3
0.035 0.010 0.020 0.015 0118 TRIVE 0.015 UNCH 637 0.015 — — 35.2 0.080 0.035 0.035 0.035 0103 MNC 0.035 Unch 250 0.035 — — 16.7
0.200 0.105 0.130 0.130 4359 TURIYA 0.130 UNCH 8.1 0.130 — — 29.7 0.210 0.100 0.110 0.110 0156 MPAY 0.110 Unch 60 0.110 — — 78.2
3.264 2.005 2.580 2.540 5005 UNISEM 2.540 -0.040 8.7 2.560 19.32 2.95 1,863.9 0.070 0.020 0.030 0.020 0070 MQTECH 0.030 0.005 6000.4 0.025 — — 19.3
8.492 5.382 7.100 6.910 0097 VITROX 7.020 -0.060 372 6.994 30.34 0.82 3,304.6 0.135 0.055 0.060 0.060 0092 MTOUCHE 0.060 Unch 853.3 0.060 150.00 — 30.5
1.158 0.907 1.030 1.010 5162 VSTECS 1.030 0.020 12.6 1.020 7.52 4.85 185.4 1.274 0.710 0.750 0.720 0108 N2N 0.725 -0.020 429.8 0.738 28.32 2.76 433.5
0.601 0.406 0.450 0.450 0008 WILLOW 0.450 UNCH 96 0.450 16.25 2.22 223.2 0.035 0.010 0.020 0.015 0020 NETX 0.015 Unch 1577.7 0.015 — — 42.0
UTILITIES 0.050 0.010 0.020 0.015 0096 NEXGRAM 0.015 Unch 2226.6 0.015 — — 31.1
0.363 0.090 0.135 0.135 7471 EDEN 0.135 -0.005 491.2 0.135 — — 53.3 0.205 0.090 0.100 0.100 0026 NOVAMSC 0.100 Unch 850.9 0.100 35.71 — 75.2
2.910 2.588 2.870 2.800 5209 GASMSIA 2.840 -0.010 1170.9 2.834 20.11 4.75 3,646.6 1.024 0.580 0.615 0.600 0035 OPCOM 0.605 -0.010 286.3 0.605 14.24 5.37 97.6
0.972 0.715 0.815 0.800 5264 MALAKOF 0.800 -0.010 1834 0.808 14.39 7.00 4,000.0 0.369 0.252 0.325 0.320 0040 OPENSYS 0.320 Unch 178.8 0.321 9.36 3.91 95.3
4.030 2.990 3.430 3.370 3069 MFCB 3.400 -0.050 189.6 3.398 9.55 1.18 1,420.9 0.230 0.040 0.165 0.155 0079 ORION 0.160 0.005 16202.6 0.161 — — 113.1
1.275 1.020 1.170 1.120 5041 PBA 1.150 0.030 42.1 1.124 — 3.04 381.0 0.730 0.240 — — 0006 PINEAPP 0.310 — — — 775.00 — 15.0
19.757 16.220 16.820 16.500 6033 PETGAS 16.520 -0.100 1035.4 16.574 18.06 4.36 32,688.7 0.150 0.045 0.060 0.060 0123 PRIVA 0.060 -0.005 147.7 0.060 — — 33.5
1.287 0.523 1.150 1.110 5272 RANHILL 1.150 0.010 173.3 1.126 26.87 4.35 1,225.9 1.504 0.474 1.250 1.220 0200 REVENUE 1.230 -0.030 360.1 1.231 30.75 — 285.4
0.352 0.220 0.275 0.265 8567 SALCON 0.270 -0.005 1077.9 0.267 108.00 2.96 228.7 0.750 0.525 0.630 0.630 0106 REXIT 0.630 -0.030 6 0.630 14.86 4.76 119.3
1.030 0.422 0.935 0.915 8524 TALIWRK 0.935 0.010 1582.1 0.920 20.41 5.13 1,884.8 0.650 0.200 0.215 0.210 0202 RGTECH 0.210 -0.005 72.9 0.211 29.17 — 110.3
15.385 11.300 11.720 11.560 5347 TENAGA 11.680 0.100 3091 11.667 17.78 4.56 66,422.9 0.310 0.090 0.170 0.160 0178 SEDANIA 0.165 -0.005 534.3 0.166 — — 41.0
1.350 0.882 1.080 1.050 4677 YTL 1.050 -0.010 5410.6 1.058 42.17 3.81 11,456.1 0.610 0.370 0.585 0.555 0203 SMETRIC 0.575 0.020 847.8 0.573 174.24 — 140.1
1.208 0.694 0.840 0.830 6742 YTLPOWR 0.830 -0.005 231.9 0.834 11.98 6.02 6,771.3 0.180 0.095 — — 0117 SMRT 0.110 — — — 10.38 — 44.8
CLOSED-END FUNDS 0.165 0.055 0.145 0.140 0169 SMTRACK 0.140 -0.005 3726.6 0.140 — — 20.8
2.850 2.330 2.360 2.330 5108 ICAP 2.360 UNCH 20.4 2.351 27.47 — 330.4 0.185 0.080 0.100 0.090 0093 SOLUTN 0.090 Unch 64 0.091 — — 27.6
EXCHANGE TRADED FUNDS 0.340 0.150 0.195 0.195 0129 SRIDGE 0.195 Unch 20 0.195 12.58 — 27.4
1.190 1.100 1.182 1.182 0800EA ABFMY1 1.182 -0.004 4.6 1.182 — 3.93 1,495.7 0.345 0.180 0.215 0.210 0050 SYSTECH 0.210 -0.005 53.5 0.211 38.18 — 73.0
6.140 5.260 5.600 5.430 0829EA CHINAETF-MYR 5.430 -0.280 18.3 5.453 — — 8.1 0.130 0.065 — — 0132 TDEX 0.065 — — — — — 38.4
2.000 1.735 — — 0822EA CIMBA40 1.890 — — — — 3.60 5.1 0.165 0.085 — — 0145 TFP 0.105 — — — — — 21.8
1.700 1.450 1.570 1.570 0823EA CIMBC50 1.570 -0.015 16 1.570 — — 11.2 0.430 0.200 0.220 0.210 0005 UCREST 0.210 -0.005 2143.9 0.212 4.93 — 97.4
1.950 1.700 1.730 1.730 0820EA FBMKLCI-EA 1.730 -0.010 6.4 1.730 — 1.91 2.9 0.315 0.108 0.315 0.300 0060 VC 0.305 Unch 11770.9 0.306 25.42 — 111.6
1.075 0.960 0.962 0.962 0826EA METFAPA 0.962 -0.013 6 0.962 — — 17.3 0.775 0.351 0.380 0.355 0120 VIS 0.360 -0.020 550 0.364 8.31 2.78 60.9
0.845 0.795 — — 0825EA METFSID 0.815 — — — — 2.44 71.7 0.056 0.015 0.020 0.015 0069 VIVOCOM 0.020 0.005 1705.1 0.020 — — 113.3
1.130 0.900 — — 0827EA METFUS50 1.075 — — — — — 14.0 0.255 0.085 0.175 0.165 0066 VSOLAR 0.170 0.005 14719.3 0.170 — — 65.6
1.200 1.020 1.020 1.020 0821EA MYETFDJ 1.020 -0.015 0.4 1.020 — 2.39 281.4 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.210 1.040 — — 0824EA MYETFID 1.135 — — — — 2.43 48.6 0.170 0.100 0.115 0.115 0086 YGL 0.115 Unch 100 0.115 — — 26.7
REAL ESTATE INVESTMENT TRUSTS TELECOMMUNICATIONS & MEDIA
0.799 0.668 0.770 0.760 4952 AHP 0.760 UNCH 30.7 0.768 13.55 7.41 167.2 0.519 0.360 0.370 0.360 0195 BINACOM 0.365 0.005 39.1 0.364 9.89 2.74 94.9
1.450 1.102 1.410 1.400 5116 ALAQAR 1.410 0.010 12.6 1.406 11.24 5.11 1,037.7 0.780 0.460 — — 0147 INNITY 0.460 — — — 44.23 — 63.8
0.915 0.743 0.900 0.900 5269 ALSREIT 0.900 UNCH 23.9 0.900 12.97 5.94 522.0 0.105 0.040 0.045 0.040 0017 M3TECH 0.040 Unch 326.3 0.040 — — 23.5
0.566 0.486 0.515 0.510 5120 AMFIRST 0.510 -0.005 165.3 0.510 15.94 7.73 350.1 0.080 0.035 0.035 0.035 0103 MNC 0.035 Unch 250 0.035 — — 16.7
0.865 0.773 0.860 0.845 5127 ARREIT 0.845 -0.005 27.1 0.852 5.96 7.22 484.4 0.135 0.055 0.060 0.060 0092 MTOUCHE 0.060 Unch 853.3 0.060 150.00 — 30.5
1.170 0.979 1.160 1.150 5130 ATRIUM 1.150 -0.010 51 1.155 12.05 6.52 168.1 0.050 0.010 0.020 0.015 0096 NEXGRAM 0.015 Unch 2226.6 0.015 — — 31.1
1.809 1.346 1.760 1.740 5106 AXREIT 1.750 UNCH 1368.8 1.750 14.38 5.23 2,165.2 1.024 0.580 0.615 0.600 0035 OPCOM 0.605 -0.010 286.3 0.605 14.24 5.37 97.6
1.193 0.955 1.130 1.110 5180 CMMT 1.130 0.020 105.1 1.121 17.60 6.99 2,309.9 0.150 0.045 0.060 0.060 0123 PRIVA 0.060 -0.005 147.7 0.060 — — 33.5
1.186 1.062 1.140 1.120 5121 HEKTAR 1.130 UNCH 875.2 1.128 15.89 7.97 522.0 0.235 0.080 0.085 0.080 0007 PUC 0.085 Unch 1535 0.084 21.25 — 183.4
1.900 1.465 1.880 1.860 5227 IGBREIT 1.860 -0.010 1869.3 1.866 19.68 4.89 6,589.9 0.385 0.150 0.325 0.315 0032 REDTONE 0.315 -0.010 1573.8 0.318 18.00 — 238.9
0.884 0.676 0.860 0.855 5280 KIPREIT 0.860 0.005 78.5 0.857 12.45 7.34 434.6 0.435 0.160 0.190 0.185 0173 REV 0.185 -0.005 90 0.185 — — 24.9
7.960 7.129 7.900 7.750 5235SS KLCC 7.780 -0.100 13.9 7.872 19.29 4.38 14,045.5 0.310 0.090 0.170 0.160 0178 SEDANIA 0.165 -0.005 534.3 0.166 — — 41.0
1.120 0.997 1.100 1.070 5123 MQREIT 1.080 UNCH 120 1.080 16.19 7.32 1,157.5 0.340 0.150 0.195 0.195 0129 SRIDGE 0.195 Unch 20 0.195 12.58 — 27.4
1.850 1.328 1.840 1.820 5212 PAVREIT 1.820 UNCH 76.6 1.825 18.90 4.82 5,531.0 0.085 0.050 0.050 0.050 0165 XOX 0.050 Unch 1132.5 0.050 — — 54.6
1.939 1.550 1.910 1.890 5176 SUNREIT 1.900 0.010 3545.9 1.900 13.25 4.98 5,595.6 FINANCIAL SERVICES
0.964 0.870 0.875 0.875 5111 TWRREIT 0.875 -0.005 17.1 0.875 34.86 4.69 245.4 0.100 0.045 0.045 0.045 0150 FINTEC 0.045 Unch 72.8 0.045 — — 27.5
1.480 1.233 1.380 1.370 5110 UOAREIT 1.380 0.020 10.5 1.373 10.14 6.62 583.6 0.630 0.440 0.455 0.455 0053 OSKVI 0.455 Unch 1 0.455 — 10.99 89.9
1.350 1.029 1.330 1.320 5109 YTLREIT 1.330 UNCH 220.1 1.325 11.33 5.54 2,266.8 HEALTH CARE
SPAC 0.260 0.155 0.160 0.160 0163 CAREPLS 0.160 Unch 90 0.160 — — 85.0
0.51 0.470 — — 5270 RSENA 0.505 — — — — — 505.0 0.190 0.100 — — 0182 LKL 0.110 — — — — — 47.2
ENERGY
0.155 0.056 0.105 0.100 5115 ALAM 0.105 UNCH 656.1 0.103 — — 98.2 0.425 0.205 — — 0155 MGRC 0.285 — — — — — 29.5
0.845 0.145 0.195 0.190 5210 ARMADA 0.190 -0.005 56804.4 0.193 — — 1,116.5 0.773 0.277 0.455 0.450 0201 NOVA 0.450 -0.005 26.6 0.452 0.69 1.11 143.0
0.240 0.040 0.080 0.070 7251 BARAKAH 0.070 -0.015 66046.7 0.072 — — 58.5 TRANSPORTATION & LOGISTICS
1.010 0.205 0.785 0.750 5257 CARIMIN 0.755 -0.025 2103.5 0.760 — — 176.6 0.110 0.060 0.075 0.075 0048 ANCOMLB 0.075 -0.005 30 0.075 — — 35.5
1.370 0.735 1.030 1.030 5071 COASTAL 1.030 -0.010 8.3 1.030 — — 547.8 0.285 0.210 0.235 0.230 0080 STRAITS 0.235 Unch 620 0.235 25.54 — 152.9
0.040 0.005 0.010 0.010 0091 DAYA 0.010 UNCH 4253 0.010 — — 20.4 0.535 0.295 — — 0199 TRIMODE 0.400 — — — 14.60 2.50 66.4
1.750 0.500 1.160 1.110 5141 DAYANG 1.130 -0.020 20180.8 1.134 6.81 — 1,090.2 CONSTRUCTION
1.304 0.863 1.050 1.050 5132 DELEUM 1.050 0.030 0.1 1.050 15.49 3.33 421.6 0.422 0.212 0.285 0.280 0198 GDB 0.280 -0.005 330.2 0.280 5.69 7.14 175.0
3.637 2.720 3.400 3.290 7277 DIALOG 3.360 0.060 13082.4 3.361 37.13 0.98 18,955.9 0.400 0.235 0.270 0.260 0206 NADIBHD 0.265 Unch 213.6 0.264 4.98 — 199.5
0.535 0.275 0.380 0.335 7253 HANDAL 0.350 0.015 235.2 0.354 — — 61.6 0.040 0.010 0.030 0.025 0109 SCBUILD 0.025 Unch 174.4 0.030 15.63 — 22.1
8.830 4.510 6.090 5.930 4324 HENGYUAN 5.970 -0.070 260.4 5.990 58.02 — 1,791.0 PLANTATION
1.360 0.760 1.100 1.050 5199 HIBISCS 1.070 -0.020 7886.1 1.075 5.11 — 1,699.4 0.085 0.065 0.075 0.075 0189 MATANG 0.075 0.005 195.1 0.075 50.00 2.67 135.8
0.465 0.130 0.190 0.180 2739 HUAAN 0.180 -0.010 7587.8 0.184 6.82 — 202.0 UTILITIES
0.185 0.060 0.090 0.090 5255 ICON 0.090 UNCH 1380.8 0.090 — — 105.9 0.380 0.210 0.230 0.230 0011 BTECH 0.230 Unch 75.5 0.230 13.45 6.96 58.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HUR SDAY M AY 2 3 , 2 0 1 9 • 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 YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.015 0.005 0.005 0.005 0154WD EAH-WD 0.005 Unch 270 0.010 0.050 450.00 25/10/2022
0.015 0.005 — — 0154WE EAH-WE 0.010 — — 0.010 0.035 350.00 22/04/2023
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.100 0.010 0.015 0.010 3557WC ECOFIRS-WC 0.015 Unch 6.1 0.300 0.300 5.00 10/09/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.320 0.070 0.240 0.220 5253WA ECONBHD-WA 0.220 -0.015 7979.6 0.605 1.250 142.98 02/01/2023
0.150 0.005 — — 8206CT ECOWLD-CT 0.005 — — 0.860 1.300 52.62 28/06/2019
0.395 0.085 0.130 0.130 70328 A50CHIN-C28 0.130 0.010 42 7.311 7.345 5.80 25/06/2019 0.350 0.135 0.135 0.135 8206WA ECOWLD-WA 0.135 Unch 10 0.860 2.080 157.56 26/03/2022
0.575 0.075 0.165 0.135 70330 A50CHIN-C30 0.135 -0.050 12.4 7.311 7.718 8.33 28/06/2019 0.150 0.030 0.045 0.045 7471WB EDEN-WB 0.045 -0.005 12.7 0.135 0.300 155.56 13/08/2021
1.100 0.190 — — 70332 A50CHIN-C32 0.615 — — 7.311 6.653 3.62 28/06/2019 0.505 0.065 0.070 0.065 0065WA EFORCE-WA 0.070 -0.010 1077.8 0.395 0.340 3.80 17/07/2019
0.700 0.370 0.430 0.395 70336 A50CHIN-C36 0.400 -0.030 264.2 7.311 6.813 4.13 30/08/2019 0.315 0.110 0.110 0.110 8907WC EG-WC 0.110 -0.005 158.1 0.440 0.500 38.64 03/11/2020
0.390 0.120 0.140 0.120 70338 A50CHIN-C38 0.125 -0.005 1574.6 7.311 8.782 22.69 30/09/2019 0.250 0.020 0.120 0.105 8877CS EKOVEST-CS 0.105 -0.015 319.3 0.795 0.600 1.89 30/05/2019
0.470 0.170 0.215 0.195 70340 A50CHIN-C40 0.195 -0.005 201.6 7.311 8.410 20.36 26/11/2019 0.540 0.040 0.345 0.305 8877WB EKOVEST-WB 0.310 -0.035 26280.3 0.795 0.480 -0.63 25/06/2019
0.180 0.035 — — 70325 A50CHIN-H25 0.035 — — 4.825 5.323 11.40 28/06/2019 0.340 0.100 0.115 0.110 5283WA EWINT-WA 0.110 -0.005 8.2 0.690 1.450 126.09 02/04/2022
0.505 0.020 — — 70327 A50CHIN-H27 0.035 — — 4.885 6.387 31.82 28/06/2019 0.190 0.020 0.050 0.040 7047WB FAJAR-WB 0.040 -0.010 4130.7 0.415 0.700 78.31 24/09/2019
0.450 0.100 0.440 0.400 70329 A50CHIN-H29 0.430 0.005 291.6 7.311 7.452 10.74 30/09/2019 0.095 0.020 — — 06505J FBMKLCI-C5J 0.020 — — 1,603 1,858 17.10 31/05/2019
0.170 0.030 0.040 0.035 5238WA AAX-WA 0.040 0.005 167.9 0.230 0.460 117.39 08/06/2020 0.050 0.003 — — 06505N FBMKLCI-C5N 0.005 — — 327.07 1,680 414.71 31/05/2019
0.165 0.100 — — 2488CY ABMB-CY 0.100 — — 3.680 4.100 22.28 31/05/2019 0.090 0.005 — — 06505O FBMKLCI-C5O 0.005 — — 326.75 1,700 421.34 28/06/2019
0.055 0.005 — — 7146WA AEM-WA 0.005 — — 0.095 0.250 168.42 17/12/2019 0.370 0.045 — — 06505P FBMKLCI-C5P 0.045 — — 1,134 1,730 53.61 31/05/2019
0.175 0.010 0.015 0.010 6599CO AEON-CO 0.015 Unch 588 1.420 1.650 18.31 31/07/2019 0.545 0.030 0.030 0.030 06505Q FBMKLCI-C5Q 0.030 -0.020 326.7 632.92 1,650 162.12 31/05/2019
0.130 0.005 — — 6599CP AEON-CP 0.005 — — 1.420 1.700 20.77 30/05/2019 0.100 0.005 0.005 0.005 06505R FBMKLCI-C5R 0.005 Unch 494.4 322.55 1,690 425.03 31/07/2019
0.040 0.005 0.010 0.005 6599CQ AEON-CQ 0.005 Unch 2082.1 1.420 2.000 41.90 28/06/2019 0.240 0.030 — — 06505S FBMKLCI-C5S 0.040 — — 925.69 1,790 94.67 31/07/2019
0.110 0.080 0.100 0.100 5139CC AEONCR-CC 0.100 0.005 100 16.239 16.650 11.77 31/01/2020 0.365 0.080 — — 06505T FBMKLCI-C5T 0.080 — — 1,603 1,710 8.12 31/07/2019
0.120 0.005 0.015 0.015 7315WB AHB-WB 0.015 Unch 662.6 0.150 0.200 43.33 28/08/2019 0.065 0.060 — — 06505U FBMKLCI-C5U 0.060 — — 1,603 1,700 9.74 30/08/2019
0.220 0.025 0.030 0.025 509971 AIRASIAC71 0.025 -0.005 602 2.480 2.822 16.43 31/07/2019 0.085 0.005 0.010 0.010 06505V FBMKLCI-C5V 0.010 0.005 620 645.29 1,695 163.76 30/08/2019
0.300 0.075 — — 509972 AIRASIAC72 0.075 — — 2.480 2.518 10.74 28/06/2019 0.050 0.010 — — 06505W FBMKLCI-C5W 0.010 — — 645.09 1,730 169.26 30/09/2019
0.350 0.060 — — 509973 AIRASIAC73 0.070 — — 2.480 2.432 5.40 21/05/2019 0.175 0.115 — — 06505X FBMKLCI-C5X 0.120 — — 1,603 1,750 11.37 30/09/2019
0.470 0.180 — — 509974 AIRASIAC74 0.205 — — 2.480 2.171 9.08 28/06/2019 0.295 0.155 0.195 0.195 06505Y FBMKLCI-C5Y 0.195 0.005 10 1,603 1,670 7.78 30/09/2019
0.230 0.040 — — 509975 AIRASIAC75 0.040 — — 2.480 2.692 14.16 13/06/2019 0.125 0.095 — — 06505Z FBMKLCI-C5Z 0.105 — — 1,603 1,688 11.81 31/01/2020
0.130 0.015 — — 509976 AIRASIAC76 0.015 — — 2.480 3.050 26.01 31/07/2019 0.060 0.030 0.035 0.030 06507A FBMKLCI-C7A 0.030 -0.005 2386.5 1,603 1,650 4.19 31/10/2019
0.175 0.040 — — 509978 AIRASIAC78 0.040 — — 2.480 3.500 45.48 30/08/2019 0.080 0.050 0.055 0.050 06507B FBMKLCI-C7B 0.055 0.005 193.4 1,603 1,625 3.73 29/11/2019
0.100 0.020 0.020 0.020 509979 AIRASIAC79 0.020 -0.005 230 2.480 3.300 35.48 29/11/2019 0.210 0.105 — — 06506L FBMKLCI-H6L 0.180 — — 1,603 1,788 22.71 31/05/2019
0.070 0.025 — — 509980 AIRASIAC80 0.025 — — 2.480 3.990 64.92 30/09/2019 0.190 0.040 0.110 0.100 06506P FBMKLCI-H6P 0.110 Unch 166 1,603 1,680 9.56 31/05/2019
0.105 0.065 0.065 0.065 509981 AIRASIAC81 0.065 -0.005 200 2.480 2.700 21.98 31/01/2020 0.185 0.065 0.145 0.140 06506Q FBMKLCI-H6Q 0.145 -0.010 93 1,603 1,700 12.33 28/06/2019
0.110 0.075 — — 509982 AIRASIAC82 0.075 — — 2.480 2.800 23.49 14/10/2019 0.435 0.100 — — 06506R FBMKLCI-H6R 0.155 — — 1,603 1,610 3.29 31/05/2019
0.170 0.095 0.105 0.095 509983 AIRASIAC83 0.105 -0.005 1692 2.480 2.880 27.14 31/10/2019 0.555 0.315 — — 06506S FBMKLCI-H6S 0.360 — — 1,603 1,690 12.12 31/05/2019
0.180 0.120 0.125 0.120 509984 AIRASIAC84 0.120 -0.010 35 2.480 2.400 11.29 28/02/2020 0.180 0.070 — — 06506T FBMKLCI-H6T 0.140 — — 1,603 1,690 11.49 31/07/2019
0.105 0.010 — — 5014C4 AIRPORT-C4 0.015 — — 7.030 8.350 20.70 30/09/2019 0.295 0.225 0.225 0.225 06506U FBMKLCI-H6U 0.225 Unch 5 1,603 1,560 1.48 31/07/2019
0.145 0.020 — — 5014C5 AIRPORT-C5 0.020 — — 7.030 9.300 34.14 28/06/2019 0.335 0.250 — — 06506V FBMKLCI-H6V 0.290 — — 1,603 1,640 7.69 31/07/2019
0.205 0.055 — — 5014C6 AIRPORT-C6 0.070 — — 7.030 8.300 27.03 23/10/2019 0.200 0.135 — — 06506W FBMKLCI-H6W 0.190 — — 1,603 1,788 23.34 30/08/2019
0.165 0.015 — — 5014C7 AIRPORT-C7 0.015 — — 7.030 8.180 18.07 28/06/2019 0.200 0.095 0.165 0.155 06506X FBMKLCI-H6X 0.165 -0.005 234 1,603 1,695 12.89 30/08/2019
0.115 0.050 0.075 0.070 5014C8 AIRPORT-C8 0.075 Unch 26 7.030 8.000 20.20 29/11/2019 0.275 0.195 0.240 0.235 06506Y FBMKLCI-H6Y 0.235 -0.010 30 1,603 1,730 18.13 30/09/2019
0.185 0.070 — — 7609WA AJIYA-WA 0.070 — — 0.510 0.920 94.12 28/08/2021 0.360 0.260 0.305 0.290 06506Z FBMKLCI-H6Z 0.305 -0.015 885 1,603 1,590 4.85 30/09/2019
0.070 0.035 0.050 0.045 5115WA ALAM-WA 0.050 0.005 627.5 0.105 0.120 61.90 28/03/2022 0.480 0.355 0.420 0.405 06508A FBMKLCI-H8A 0.420 Unch 32.4 1,603 1,670 11.99 30/09/2019
0.235 0.025 — — 101510 AMBANK-C10 0.080 — — 4.390 4.200 0.23 31/05/2019 0.110 0.085 — — 06508B FBMKLCI-H8B 0.095 — — 1,603 1,618 6.82 31/01/2020
0.115 0.065 — — 101513 AMBANK-C13 0.065 — — 4.390 5.000 19.08 31/07/2019 0.155 0.105 0.150 0.145 06508C FBMKLCI-H8C 0.145 -0.005 116 1,603 1,650 9.22 31/10/2019
0.100 0.090 — — 101514 AMBANK-C14 0.095 — — 4.390 4.500 13.33 31/01/2020 0.140 0.100 0.135 0.130 06508D FBMKLCI-H8D 0.135 -0.005 116 1,603 1,625 7.22 29/11/2019
0.125 0.100 — — 101515 AMBANK-C15 0.100 — — 4.390 5.180 24.83 04/11/2019 0.080 0.005 — — 522258 FGV-C58 0.005 — — 0.605 1.700 182.64 28/06/2019
0.030 0.005 — — 9342WC ANZO-WC 0.005 — — 0.040 0.200 412.50 18/06/2020 0.140 0.030 0.065 0.060 522262 FGV-C62 0.065 Unch 740 1.180 1.200 18.22 23/10/2019
0.155 0.030 0.045 0.045 0119WA APPASIA-WA 0.045 Unch 426 0.095 0.130 84.21 23/12/2024 0.275 0.040 0.165 0.130 522263 FGV-C63 0.165 0.025 172.6 1.180 0.950 5.68 28/06/2019
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.300 1.000 263.33 30/06/2021 0.340 0.120 — — 522264 FGV-C64 0.250 — — 1.180 0.780 8.47 30/08/2019
0.110 0.005 — — 521046 ARMADA-C46 0.005 — — 0.190 0.650 244.74 28/06/2019 0.280 0.110 0.165 0.160 522265 FGV-C65 0.160 -0.010 500 1.180 0.950 4.92 02/08/2019
0.030 0.005 — — 521048 ARMADA-C48 0.005 — — 0.190 0.555 197.37 30/05/2019 0.415 0.185 — — 522266 FGV-C66 0.350 — — 1.180 0.800 12.29 31/07/2019
0.045 0.005 — — 521049 ARMADA-C49 0.005 — — 0.190 0.500 168.42 17/06/2019 0.575 0.220 0.415 0.405 522267 FGV-C67 0.415 -0.010 1646.6 1.180 0.800 2.97 31/10/2019
0.150 0.005 0.005 0.005 521050 ARMADA-C50 0.005 Unch 405.3 0.190 0.400 115.26 28/06/2019 0.200 0.145 — — 522268 FGV-C68 0.150 — — 1.180 1.000 10.17 30/08/2019
0.080 0.035 — — 4057WB ASIAPAC-WB 0.060 — — 0.125 0.250 148.00 25/05/2022 0.165 0.090 0.090 0.090 522269 FGV-C69 0.090 -0.010 200 1.180 1.280 22.20 30/08/2019
0.050 0.015 — — 0105WA ASIAPLY-WA 0.015 — — 0.065 0.100 76.92 13/12/2020 0.160 0.085 — — 522270 FGV-C70 0.105 — — 1.180 1.300 23.52 29/11/2019
0.045 0.020 — — 0105WB ASIAPLY-WB 0.025 — — 0.065 0.100 92.31 12/12/2022 0.065 0.030 0.030 0.030 522271 FGV-C71 0.030 -0.005 20 1.180 1.580 41.53 30/09/2019
0.170 0.080 — — 639910 ASTRO-C10 0.110 — — 1.290 1.500 37.60 25/06/2019 0.055 0.030 — — 522272 FGV-C72 0.030 — — 1.180 1.700 50.42 30/09/2019
0.150 0.070 — — 639911 ASTRO-C11 0.090 — — 1.290 1.600 44.96 17/06/2019 0.120 0.060 0.065 0.060 522273 FGV-C73 0.060 -0.005 1943.6 1.180 1.380 28.14 30/09/2019
0.130 0.010 — — 639912 ASTRO-C12 0.010 — — 1.290 1.500 18.60 31/05/2019 0.130 0.080 — — 522274 FGV-C74 0.090 — — 1.180 1.300 29.24 26/11/2019
0.105 0.050 — — 639913 ASTRO-C13 0.050 — — 1.290 1.800 51.16 30/08/2019 0.135 0.095 0.095 0.095 522275 FGV-C75 0.095 -0.005 2418.4 1.180 1.200 25.85 28/02/2020
0.090 0.015 0.020 0.015 639914 ASTRO-C14 0.020 Unch 560 1.290 1.800 42.64 29/11/2019 0.150 0.115 0.120 0.115 522276 FGV-C76 0.115 -0.015 21.4 1.180 1.150 16.95 28/02/2020
0.250 0.070 — — 7099WB ATTA-WB 0.075 — — 0.560 0.870 68.75 09/05/2022 0.045 0.015 — — 0150WB FINTEC-WB 0.025 — — 0.045 0.150 288.89 03/12/2022
0.180 0.070 — — 7099WC ATTA-WC 0.090 — — 0.560 0.870 71.43 18/11/2024 0.065 0.005 0.010 0.010 9318WB FITTERS-WB 0.010 Unch 420 0.425 1.000 137.65 12/10/2019
0.030 0.005 — — 0072WB AT-WB 0.005 — — 0.045 0.090 111.11 17/10/2019 0.120 0.070 — — 0116WC FOCUS-WC 0.100 — — 0.120 0.050 25.00 06/11/2019
0.285 0.140 — — 7579WA AWC-WA 0.240 — — 0.725 0.880 54.48 25/12/2023 0.080 0.020 — — 9377WA FSBM-WA 0.025 — — 0.095 0.300 242.11 16/05/2022
0.078 0.003 — — 688828 AXIATA-C28 0.005 — — 1.527 4.750 212.38 31/05/2019 1.490 0.500 — — 7184WA G3-WA 0.965 — — 1.130 0.100 -5.75 02/10/2022
0.165 0.025 — — 688830 AXIATA-C30 0.025 — — 4.390 4.700 9.91 31/05/2019 0.450 0.075 0.325 0.300 9261WB GADANG-WB 0.305 -0.010 1569.9 0.830 1.060 64.46 29/11/2021
0.145 0.090 — — 688832 AXIATA-C32 0.095 — — 4.390 4.100 4.21 30/05/2019 0.038 0.003 — — 539853 GAMUDA-C53 0.005 — — 1.340 4.500 237.31 31/05/2019
0.250 0.120 — — 688833 AXIATA-C33 0.225 — — 4.390 3.600 7.63 28/06/2019 0.100 0.015 0.040 0.040 539857 GAMUDA-C57 0.040 -0.010 0.4 3.230 3.500 12.07 31/07/2019
0.255 0.095 0.215 0.200 688834 AXIATA-C34 0.200 -0.010 1.6 4.390 3.450 1.37 30/08/2019 0.305 0.070 0.225 0.220 539859 GAMUDA-C59 0.220 -0.020 43 3.230 2.350 0.00 30/08/2019
0.180 0.090 0.120 0.120 688835 AXIATA-C35 0.120 Unch 2 4.390 4.200 6.61 17/06/2019 0.170 0.065 0.100 0.100 539860 GAMUDA-C60 0.100 -0.005 200 3.230 2.880 4.64 17/06/2019
0.220 0.135 — — 688836 AXIATA-C36 0.195 — — 4.390 3.750 9.85 23/10/2019 0.135 0.040 0.045 0.040 539861 GAMUDA-C61 0.045 -0.015 80 3.230 3.200 4.64 31/05/2019
0.125 0.055 — — 688837 AXIATA-C37 0.100 — — 4.390 4.450 12.76 31/12/2019 0.180 0.055 0.130 0.130 539862 GAMUDA-C62 0.130 -0.010 20 3.230 2.500 1.55 13/06/2019
0.330 0.085 0.200 0.195 7078WA AZRB-WA 0.195 -0.015 87.4 0.395 0.630 108.86 13/05/2024 0.180 0.085 — — 539863 GAMUDA-C63 0.120 — — 3.230 3.100 10.84 31/07/2019
0.485 0.170 0.390 0.385 0098WA BAHVEST-WA 0.390 0.005 3413.7 0.650 0.430 26.15 20/08/2024 0.150 0.080 0.095 0.095 539864 GAMUDA-C64 0.095 -0.010 200 3.230 3.880 31.89 07/10/2019
0.225 0.130 — — 4162CN BAT-CN 0.130 — — 33.440 40.000 33.22 23/10/2019 0.160 0.095 0.115 0.110 539865 GAMUDA-C65 0.110 -0.010 500 3.230 3.600 26.78 31/10/2019
0.095 0.050 0.060 0.050 4162CO BAT-CO 0.050 Unch 400 33.440 37.500 18.12 31/12/2019 0.200 0.110 0.150 0.145 539867 GAMUDA-C67 0.145 -0.010 0.8 3.230 3.000 10.84 31/01/2020
0.115 0.040 0.050 0.040 5248C1 BAUTO-C1 0.040 -0.005 120 2.300 2.200 0.87 31/05/2019 0.210 0.180 — — 539868 GAMUDA-C68 0.190 — — 3.230 3.050 23.84 31/03/2020
0.145 0.110 — — 5248C2 BAUTO-C2 0.115 — — 2.300 2.450 19.02 26/11/2019 0.930 0.125 0.305 0.290 5398WE GAMUDA-WE 0.300 -0.010 1852.6 3.230 4.050 34.67 06/03/2021
0.110 0.080 0.090 0.085 5248C4 BAUTO-C4 0.085 -0.005 600 2.300 2.380 14.57 28/02/2020 0.520 0.135 0.385 0.360 5226WB GBGAQRS-WB 0.370 -0.025 1345.8 1.240 1.120 20.16 26/09/2023
0.170 0.085 — — 5248CY BAUTO-CY 0.090 — — 2.300 2.000 -1.30 21/05/2019 0.370 0.175 0.310 0.310 5102CA GCB-CA 0.310 -0.010 30 3.990 2.800 1.25 30/08/2019
0.255 0.140 — — 5248CZ BAUTO-CZ 0.160 — — 2.300 2.000 0.87 25/06/2019 0.225 0.170 — — 5102CB GCB-CB 0.225 — — 3.990 3.650 16.85 23/10/2019
0.395 0.115 0.335 0.315 5258WA BIMB-WA 0.330 Unch 358.2 4.550 4.720 10.99 04/12/2023 0.250 0.155 0.200 0.195 5102CF GCB-CF 0.200 0.015 115.1 3.990 3.500 7.77 14/10/2019
0.090 0.025 0.040 0.040 6998WA BINTAI-WA 0.040 0.005 0.1 0.120 0.200 100.00 15/06/2020 0.270 0.035 0.045 0.035 0078WB GDEX-WB 0.040 -0.005 331 0.290 0.383 45.69 05/02/2020
0.145 0.070 — — 0179WA BIOHLDG-WA 0.075 — — 0.200 0.220 47.50 05/01/2022 0.155 0.050 0.050 0.050 471546 GENM-C46 0.050 -0.010 30 3.070 3.321 16.12 31/07/2019
0.150 0.045 — — 3239WB BJASSET-WB 0.050 — — 0.315 0.350 26.98 10/06/2023 0.155 0.045 0.045 0.045 471551 GENM-C51 0.045 -0.035 44 3.070 3.272 12.30 31/07/2019
0.060 0.010 — — 339511 BJCORP-C11 0.010 — — 0.265 0.310 20.75 25/06/2019 0.100 0.040 0.040 0.040 471554 GENM-C54 0.040 Unch 166.8 3.070 3.565 21.21 31/12/2019
0.040 0.040 — — 339512 BJCORP-C12 0.040 — — 0.265 0.320 35.85 14/10/2019 0.100 0.070 0.070 0.070 471558 GENM-C58 0.070 -0.005 651.8 3.070 3.650 26.19 31/10/2019
0.090 0.035 — — 3395WB BJCORP-WB 0.045 — — 0.265 1.000 294.34 22/04/2022 2.860 1.490 2.400 2.310 2291WA GENP-WA 2.330 -0.100 22.8 10.260 7.750 -1.75 17/06/2019
0.120 0.060 0.065 0.060 3395WC BJCORP-WC 0.065 Unch 220 0.265 1.000 301.89 29/05/2026 0.120 0.025 0.025 0.025 318258 GENTINGC58 0.025 -0.005 749.8 6.380 7.250 16.38 30/09/2019
0.100 0.030 0.075 0.065 1562CW BJTOTO-CW 0.065 -0.010 60 2.500 2.400 3.80 28/06/2019 0.190 0.115 0.115 0.115 318267 GENTINGC67 0.115 -0.010 100 6.380 7.350 22.95 31/10/2019
0.135 0.070 — — 1562CX BJTOTO-CX 0.125 — — 2.500 2.450 13.00 23/10/2019 0.245 0.120 0.155 0.145 0039WC GFM-WC 0.150 Unch 1315.1 0.445 0.380 19.10 28/01/2022
0.095 0.090 — — 1562CY BJTOTO-CY 0.095 — — 2.500 2.880 26.60 04/11/2019 0.170 0.050 0.070 0.060 5220WA GLOTEC-WA 0.070 Unch 10.5 0.440 0.720 79.55 19/12/2021
0.160 0.140 — — 1562CZ BJTOTO-CZ 0.155 — — 2.500 2.600 16.40 28/02/2020 0.185 0.050 0.105 0.100 0082WB GPACKET-WB 0.105 Unch 170 0.330 0.400 53.03 24/11/2023
0.040 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 201 0.045 0.070 100.00 08/11/2025 0.065 0.015 0.065 0.050 7096WA GPA-WA 0.065 0.015 13970.9 0.130 0.100 26.92 03/06/2025
0.045 0.015 — — 7036WD BORNOIL-WD 0.020 — — 0.045 0.070 100.00 29/05/2027 0.125 0.050 0.070 0.070 516821 HARTA-C21 0.070 -0.005 375.6 5.200 5.880 21.15 30/08/2019
0.220 0.100 — — 6297WA BOXPAK-WA 0.100 — — 1.100 2.040 94.55 13/03/2022 0.100 0.040 0.080 0.075 516822 HARTA-C22 0.075 0.005 2250.4 5.200 5.400 11.06 29/11/2019
0.085 0.030 — — 7188WB BTM-WB 0.035 — — 0.100 0.200 135.00 23/10/2024 0.230 0.145 0.215 0.210 516823 HARTA-C23 0.215 0.010 2133.1 5.200 4.500 7.21 29/11/2019
0.155 0.030 — — 181821 BURSA-C21 0.030 — — 6.140 7.500 25.08 23/10/2019 0.210 0.145 0.195 0.190 516824 HARTA-C24 0.195 0.005 3200 5.200 4.800 12.93 26/11/2019
0.120 0.015 — — 181822 BURSA-C22 0.015 — — 6.140 7.700 26.87 30/08/2019 0.170 0.105 0.150 0.145 516825 HARTA-C25 0.150 0.005 100 5.200 5.000 10.58 14/10/2019
0.065 0.005 0.010 0.010 181823 BURSA-C23 0.010 Unch 150 6.140 7.300 20.03 29/11/2019 0.340 0.200 0.230 0.225 7105WA HCK-WA 0.225 Unch 20 1.250 0.960 -5.20 26/09/2027
0.120 0.030 0.045 0.045 0191WA CABNET-WA 0.045 -0.005 18.9 0.240 0.500 127.08 02/07/2021 0.170 0.150 0.155 0.155 432410 HENGYUANC10 0.155 -0.005 400 5.970 6.300 31.49 23/12/2019
0.830 0.300 0.380 0.365 7174WA CAB-WA 0.370 -0.030 20 0.560 0.170 -3.57 08/02/2020 0.255 0.135 0.155 0.155 4324C7 HENGYUAN-C7 0.155 Unch 200 5.970 5.180 7.54 30/08/2019
0.463 0.185 0.280 0.240 7154WA CAELY-WA 0.280 Unch 39.8 0.430 0.190 9.30 22/04/2021 0.145 0.090 0.095 0.090 4324C8 HENGYUAN-C8 0.090 Unch 100 5.970 6.500 26.97 30/09/2019
0.190 0.005 — — 7076WA CBIP-WA 0.015 — — 1.040 2.400 132.21 06/11/2019 0.215 0.060 0.060 0.060 5072WB HIAPTEK-WB 0.060 -0.005 146.4 0.240 0.500 133.33 23/06/2021
0.330 0.070 0.120 0.115 7035WA CCK-WA 0.115 -0.005 1778.1 0.590 0.900 72.03 18/06/2023 0.075 0.065 0.070 0.065 5199C1 HIBISCS-C1 0.065 -0.010 0.2 1.070 1.330 42.52 23/12/2019
0.060 0.005 — — 5195WB CENSOF-WB 0.005 — — 0.140 0.460 232.14 07/10/2019 0.125 0.035 0.045 0.035 5199CN HIBISCS-CN 0.035 -0.010 0.4 1.070 1.100 10.98 25/06/2019
0.280 0.120 — — 7187WA CHGP-WA 0.125 — — 0.330 0.200 -1.52 07/07/2023 0.175 0.100 0.110 0.100 5199CQ HIBISCS-CQ 0.100 -0.015 50.2 1.070 0.900 7.48 30/08/2019
0.500 0.280 0.360 0.355 5738WB CHHB-WB 0.360 0.005 14 1.530 1.200 1.96 20/12/2023 0.450 0.055 0.060 0.060 5199CV HIBISCS-CV 0.060 -0.010 20 1.070 1.250 28.04 03/09/2019
0.145 0.075 — — 102341 CIMB-C41 0.075 — — 5.140 6.100 27.43 31/05/2019 0.135 0.065 0.080 0.075 5199CW HIBISCS-CW 0.075 -0.010 60 1.070 1.150 21.50 31/12/2019
0.130 0.050 — — 102342 CIMB-C42 0.050 — — 5.140 6.380 29.96 31/05/2019 0.100 0.050 0.060 0.060 5199CY HIBISCS-CY 0.060 -0.005 1193.1 1.070 1.300 35.51 31/10/2019
0.170 0.020 — — 102345 CIMB-C45 0.025 — — 5.140 5.700 13.81 28/06/2019 0.145 0.090 0.100 0.095 5199CZ HIBISCS-CZ 0.100 -0.005 1000.1 1.070 1.050 21.50 31/10/2019
0.145 0.050 — — 102346 CIMB-C46 0.050 — — 5.140 6.000 21.11 30/08/2019 0.665 0.310 0.405 0.390 5199WC HIBISCS-WC 0.390 -0.015 1971.7 1.070 1.060 35.51 19/03/2021
0.100 0.040 — — 102347 CIMB-C47 0.040 — — 5.140 5.800 17.51 03/09/2019 0.230 0.050 0.065 0.065 5160WA HOMERIZ-WA 0.065 -0.010 141.5 0.625 0.920 57.60 09/07/2020
0.105 0.080 0.090 0.090 102348 CIMB-C48 0.090 Unch 20 5.140 5.200 11.67 31/01/2020 0.400 0.140 0.220 0.215 0185WA HSSEB-WA 0.215 -0.015 29.1 1.020 1.700 87.75 15/03/2023
0.075 0.075 — — 102349 CIMB-C49 0.075 — — 5.140 5.880 21.69 04/11/2019 1.000 0.100 0.330 0.330 9687WB IDEAL-WB 0.330 -0.015 21.5 1.140 1.000 16.67 30/03/2021
0.170 0.135 0.145 0.140 102350 CIMB-C50 0.140 -0.005 578 5.140 5.200 12.06 31/10/2019 0.155 0.040 0.045 0.040 522510 IHH-C10 0.040 -0.015 800 5.300 5.400 6.42 28/06/2019
0.105 0.105 — — 102351 CIMB-C51 0.105 — — 5.140 5.500 17.22 23/12/2019 0.135 0.080 0.080 0.080 522512 IHH-C12 0.080 -0.020 10 5.300 5.500 11.32 14/10/2019
0.045 0.025 — — 7018WA CME-WA 0.025 — — 0.035 0.010 0.00 01/05/2028 0.165 0.015 0.045 0.015 333621 IJM-C21 0.015 -0.030 680.7 1.930 2.000 5.38 31/05/2019
0.095 0.080 — — 285214 CMSB-C14 0.085 — — 3.020 3.500 35.60 28/06/2019 0.215 0.100 0.125 0.100 333624 IJM-C24 0.100 -0.020 58 1.930 1.880 12.95 02/08/2019
0.165 0.050 — — 285215 CMSB-C15 0.050 — — 3.020 3.000 7.62 30/05/2019 0.250 0.120 0.155 0.125 333625 IJM-C25 0.130 -0.025 808.6 1.930 1.750 10.88 03/09/2019
0.080 0.020 — — 0102WA CONNECT-WA 0.020 — — 0.080 0.100 50.00 17/09/2021 0.160 0.105 0.120 0.115 333628 IJM-C28 0.120 Unch 400 1.930 2.300 37.82 31/03/2020
0.105 0.025 — — 0102WB CONNECT-WB 0.025 — — 0.080 0.100 56.25 07/06/2021 0.105 0.015 0.020 0.015 16626 INARI-C26 0.020 -0.005 180.4 1.400 1.850 36.43 30/09/2019
0.475 0.110 0.325 0.310 8125WB DAIBOCI-WB 0.310 -0.020 5.3 2.100 2.500 33.81 19/06/2022 0.180 0.070 0.080 0.070 16631 INARI-C31 0.075 -0.020 806 1.400 1.280 10.18 02/08/2019
0.440 0.100 0.335 0.330 5276WA DANCO-WA 0.330 -0.015 178.1 0.575 0.300 9.57 22/05/2022 0.180 0.060 0.065 0.060 16632 INARI-C32 0.065 -0.025 1700 1.400 1.500 20.14 31/07/2019
0.015 0.005 — — 7179WB DBE-WB 0.010 — — 0.035 0.050 71.43 22/01/2022 0.410 0.175 0.175 0.175 16633 INARI-C33 0.175 -0.040 10.4 1.400 1.300 11.61 31/10/2019
0.140 0.030 0.075 0.070 3484WA DBHD-WA 0.070 -0.010 218.8 0.400 0.580 62.50 27/11/2020 0.100 0.030 0.030 0.030 16635 INARI-C35 0.030 -0.015 800 1.400 1.880 41.79 30/08/2019
0.075 0.010 0.010 0.010 0152WB DGB-WB 0.010 -0.005 500 0.100 0.120 30.00 27/06/2021 0.180 0.055 0.055 0.055 16637 INARI-C37 0.055 -0.020 69.3 1.400 1.700 29.29 31/12/2019
0.125 0.040 — — 727736 DIALOG-C36 0.040 — — 3.360 3.550 11.61 28/06/2019 0.130 0.050 0.060 0.050 16640 INARI-C40 0.055 -0.010 2650 1.400 1.860 43.07 31/10/2019
0.048 0.005 0.030 0.030 727737 DIALOG-C37 0.030 0.005 1 3.360 3.500 6.85 31/07/2019 2.010 0.710 0.950 0.900 0166WB INARI-WB 0.900 -0.070 168.6 1.400 0.533 2.38 17/02/2020
0.040 0.025 — — 727738 DIALOG-C38 0.025 — — 3.360 3.800 15.70 30/05/2019 0.070 0.015 0.020 0.015 0094WA INIX-WA 0.015 -0.005 403.6 0.060 0.100 91.67 16/11/2020
0.220 0.065 0.090 0.075 727740 DIALOG-C40 0.080 Unch 698 3.360 3.300 4.88 28/06/2019 0.265 0.040 0.065 0.050 3379WB INSAS-WB 0.065 Unch 5.6 0.725 1.000 46.90 25/02/2020
0.130 0.055 0.080 0.075 727741 DIALOG-C41 0.075 0.005 0.2 3.360 3.250 4.54 25/06/2019 0.340 0.025 0.025 0.025 5249CV IOIPG-CV 0.025 -0.005 290 1.190 1.350 16.60 25/06/2019
0.160 0.090 — — 727742 DIALOG-C42 0.120 — — 3.360 3.500 13.10 30/08/2019 0.685 0.150 0.490 0.485 4723WB JAKS-WB 0.485 -0.015 186.9 0.705 0.640 59.57 13/12/2023
0.100 0.065 0.080 0.080 727743 DIALOG-C43 0.080 0.005 20.4 3.360 3.400 10.71 03/09/2019 0.170 0.050 0.145 0.135 0111WC K1-WC 0.140 -0.005 505.6 0.250 0.300 76.00 30/12/2021
0.085 0.045 0.080 0.070 727744 DIALOG-C44 0.080 0.010 0.4 3.360 3.400 10.71 31/12/2019 0.030 0.015 0.020 0.015 3115WC KBUNAI-WC 0.020 Unch 10.1 0.085 0.131 77.65 20/10/2023
0.140 0.100 0.130 0.115 727745 DIALOG-C45 0.125 0.005 950 3.360 3.600 16.44 31/10/2019 0.920 0.270 0.760 0.720 0151WA KGB-WA 0.725 -0.045 175.2 1.240 0.500 -1.21 12/06/2019
0.150 0.130 0.150 0.140 727746 DIALOG-C46 0.150 0.010 1218.2 3.360 3.280 15.48 31/03/2020 0.055 0.010 0.050 0.040 7164WB KNM-WB 0.050 0.005 4112.4 0.185 1.000 467.57 21/04/2020
0.150 0.005 — — 694724 DIGI-C24 0.010 — — 2.330 4.750 105.15 31/05/2019 0.090 0.010 0.050 0.040 7017WB KOMARK-WB 0.045 Unch 652 0.290 0.230 -5.17 21/01/2020
0.185 0.075 — — 694725 DIGI-C25 0.085 — — 4.570 4.700 10.28 31/05/2019 0.080 0.070 0.075 0.075 7153C1 KOSSAN-C1 0.075 Unch 100 3.770 4.280 26.46 07/10/2019
0.145 0.070 — — 694726 DIGI-C26 0.070 — — 4.570 4.500 4.60 25/06/2019 0.100 0.085 0.090 0.090 7153CZ KOSSAN-CZ 0.090 0.005 500 3.770 4.250 24.67 23/10/2019
0.145 0.045 — — 694727 DIGI-C27 0.055 — — 4.570 4.880 11.00 17/06/2019 0.035 0.005 0.015 0.010 0018WB LAMBO-WB 0.010 Unch 39776.7 0.065 0.160 161.54 29/04/2024
0.300 0.015 — — 694728 DIGI-C28 0.020 — — 4.570 5.000 11.51 28/06/2019 0.630 0.125 0.200 0.195 9385WA LAYHONG-WA 0.195 -0.005 2747.7 0.440 0.400 35.23 13/10/2021
0.165 0.055 0.065 0.060 4456WD DNEX-WD 0.060 Unch 1104.6 0.250 0.500 124.00 30/07/2021 0.157 0.010 0.015 0.015 7126WA LONBISC-WA 0.015 Unch 50 0.290 0.800 181.03 26/01/2020
0.415 0.105 0.205 0.205 7114WA DNONCE-WA 0.205 Unch 100 0.450 0.250 1.11 25/11/2020 0.055 0.025 0.025 0.025 5068WA LUSTER-WA 0.025 Unch 360 0.075 0.100 66.67 03/06/2022
0.060 0.015 0.030 0.030 5265WA DOLPHIN-WA 0.030 Unch 94.2 0.130 0.800 538.46 29/03/2021 0.060 0.030 0.030 0.030 5068WB LUSTER-WB 0.030 Unch 100 0.075 0.100 73.33 26/05/2023
0.250 0.050 — — 7169WA DOMINAN-WA 0.050 — — 1.220 1.300 10.66 10/09/2020 0.100 0.010 0.015 0.010 8583WC MAHSING-WC 0.015 Unch 368.7 0.930 2.100 127.42 21/02/2020
0.055 0.015 — — 7198WB DPS-WB 0.035 — — 0.085 0.100 58.82 15/01/2025 0.065 0.005 0.005 0.005 526415 MALAKOFC15 0.005 Unch 28 0.418 1.000 140.43 28/06/2019
0.160 0.005 — — 161964 DRBHCOMC64 0.005 — — 1.080 2.400 123.61 31/05/2019 0.105 0.005 0.005 0.005 526418 MALAKOFC18 0.005 Unch 484.5 0.405 0.900 124.07 25/06/2019
0.200 0.115 — — 161969 DRBHCOMC69 0.135 — — 2.000 1.750 11.13 30/08/2019 0.295 0.105 0.115 0.110 5236WA MATRIX-WA 0.110 -0.005 60.5 1.920 2.400 30.73 20/07/2020
0.275 0.095 0.170 0.155 161970 DRBHCOMC70 0.165 -0.010 1567.3 2.000 1.800 6.50 31/10/2019 0.080 0.045 0.045 0.045 601210 MAXIS-C10 0.045 -0.005 200 5.360 5.600 8.68 31/12/2019
0.170 0.080 — — 161971 DRBHCOMC71 0.080 — — 2.000 1.880 6.00 30/08/2019 0.070 0.005 0.005 0.005 115546 MAYBANKC46 0.005 Unch 30 4.640 10.000 116.59 28/06/2019
0.190 0.110 — — 161972 DRBHCOMC72 0.125 — — 2.000 1.880 14.00 30/08/2019 0.065 0.025 0.030 0.030 115552 MAYBANKC52 0.030 Unch 110 8.990 9.500 8.01 29/11/2019
0.150 0.090 — — 161973 DRBHCOMC73 0.095 — — 2.000 2.100 19.25 03/09/2019 0.265 0.120 0.120 0.120 115554 MAYBANKC54 0.120 -0.010 50 8.990 10.400 19.02 31/10/2019
0.140 0.065 0.080 0.075 161974 DRBHCOMC74 0.075 -0.005 559.1 2.000 2.350 28.00 30/09/2019 0.480 0.250 0.480 0.445 5152WA MBL-WA 0.470 0.020 103.6 1.290 0.800 -1.55 28/11/2022
0.155 0.065 0.095 0.080 161975 DRBHCOMC75 0.095 -0.005 1151.9 2.000 2.000 14.25 31/12/2019 0.095 0.005 0.005 0.005 117117 MBSB-C17 0.005 Unch 9.4 0.470 1.010 116.22 31/07/2019
0.145 0.090 — — 161976 DRBHCOMC76 0.090 — — 2.000 2.380 32.50 14/10/2019 0.140 0.050 0.095 0.090 7234WA MESB-WA 0.090 -0.010 70 0.285 0.300 36.84 27/12/2022
0.190 0.125 0.125 0.125 161977 DRBHCOMC77 0.125 Unch 1000 2.000 2.100 23.75 26/11/2019 0.160 0.105 0.105 0.105 3069CE MFCB-CE 0.105 Unch 50 3.400 3.800 24.12 31/03/2020
0.215 0.125 0.145 0.140 161978 DRBHCOMC78 0.140 -0.010 130 2.000 1.950 17.10 31/10/2019 1.940 1.010 1.400 1.360 3069WA MFCB-WA 1.360 -0.080 64 3.400 2.220 5.29 08/04/2020
0.120 0.060 0.070 0.070 161979 DRBHCOMC79 0.070 -0.005 50 2.000 2.200 20.50 28/02/2020 0.570 0.125 0.415 0.400 3662WC MFLOUR-WC 0.405 -0.010 1679.7 0.745 0.680 45.64 23/01/2024
0.095 0.095 — — 161980 DRBHCOMC80 0.095 — — 2.000 2.500 39.25 23/12/2019 0.230 0.045 0.050 0.045 5286CD MI-CD 0.045 -0.015 350 1.600 2.250 53.28 26/11/2019
0.300 0.050 0.075 0.075 5216WA DSONIC-WA 0.075 -0.005 425.5 0.440 1.090 164.77 05/07/2023 0.150 0.010 0.010 0.010 5286CF MI-CF 0.010 -0.005 0.5 1.600 2.880 82.50 30/08/2019
0.850 0.170 0.235 0.215 7165WA DWL-WA 0.220 -0.025 1638.5 0.765 0.600 7.19 07/04/2021 0.205 0.045 0.135 0.095 381619 MISC-C19 0.095 Unch 70 6.550 6.060 -0.23 28/06/2019
0.090 0.030 — — 5178WA DYNACIA-WA 0.030 — — 0.080 0.120 87.50 26/12/2023 0.130 0.015 0.035 0.035 9571WD MITRA-WD 0.035 -0.005 2.3 0.370 0.940 163.51 23/08/2020
0.110 0.070 — — 341713 E&O-C13 0.070 — — 0.810 1.050 51.23 30/09/2019 0.165 0.050 0.085 0.085 9571WE MITRA-WE 0.085 -0.005 0.1 0.370 0.940 177.03 17/04/2023
0.090 0.065 — — 341714 E&O-C14 0.065 — — 0.810 0.950 33.33 25/09/2019 0.035 0.005 0.010 0.005 0085WA MLAB-WA 0.010 Unch 305 0.050 0.090 100.00 24/04/2020
0.105 0.085 — — 341715 E&O-C15 0.090 — — 0.810 1.180 67.90 14/10/2019 0.070 0.035 0.040 0.035 219412 MMCCORPC12 0.040 Unch 450 1.010 1.200 32.67 30/09/2019
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Stocks fall after report US
could ban another tech firm
SHANGHAI: China’s major stock indices
fell yesterday, as trade worries intensified
following a report that the US could blacklist
another Chinese technology firm after
banning Huawei Technologies last week.
The blue-chip CSI 300 Index fell 17.4
points or 0.47% to 3,649.38, while the
Shanghai Composite Index (SSEC) also
ended down 14.26 points or 0.49% at 2,891.7.
The US administration is considering
Huawei-like sanctions on Chinese video
surveillance firm Hikvision, media reports
show, deepening worries that trade friction
between the world’s top two economies
could be further inflamed.
That came after the US Commerce
Department blocked Huawei Technologies
Co Ltd from buying US goods last week.
Beijing is ready to resume trade talks with
Washington, China’s ambassador to the US
Cui Tiankai said, as a top US business lobby
in China said nearly half its members are
seeing non-tariff barrier retaliation in China
due to the trade war.
Foreign investors continued to retreat via
the Stock Connect linking Hong Kong and
the mainland, selling more than four billion
yuan worth of mainland shares yesterday.
They have so far sold more than 40 billion
yuan worth of A-shares in May.
The largest percentage gainers in the
SSEC were Ningbo Bird Co Ltd, up 10.05%,
followed by Shanghai Wondertek Software
Co Ltd, which gained 10.02% and Hunan
Copote Science Technology Co Ltd that rose
10.01%.
The largest percentage losers in the SSEC
were Zhejiang Dibay Electric Co Ltd, down
9.98%, followed by Yuancheng Environment
Co Ltd, that shed 6.92% and Guangxi Wuzhou
Communications Co Ltd, which lost 6.87%.
Hong Kong stocks edged higher yesterday,
but gains were capped by rising trade worries
following reports that the US could blacklist
another Chinese technology firm.
The Hang Seng index rose 0.2%, to
27,705.94 points, while the China Enterprises
Index lost 0.3%, to 10,604.55 points.
China is making preferential tax treatment
available to more chip design and software
firms, in an effort to support domestic
industries amid escalating trade tensions
with the US.
In line with a state council directive in
early May, the finance ministry said yesterday
that companies in integrated circuit design
and software industries will be exempt from
paying income taxes in the first two years if
they became profitable before the end of
2018.
Until now, such tax relief was only
available to firms that reported a profit by
the end of 2017.
China’s continued support for the tech
industry comes after US President Donald
Trump raised tariffs on US$200 billion worth
of Chinese imports to 25% from 10%.
Europe — Stocks rise, Huawei reprieve
boosts technology shares
MILAN: European shares rose on Tuesday,
with technology stocks contributing to gains
as they recovered some ground lost in the
previous session following a temporary
easing of US restrictions on China’s Huawei.
The US allowed Huawei Technologies
to buy US-made goods to maintain existing
networks and provide software updates to
existing Huawei handsets until Aug 19 after
blocking it from buying US goods last week.
The pan-European STOXX 600 Index
gained 0.5%, with Germany’s trade-sensitive
DAX Index rising 0.9%.
London-traded stocks pared gains as
the pound firmed on British Prime Minister
Theresa May’s comments about the next
Brexit votes.
“I think the easing up on Huawei is being
seen as a sign that while the US and China
are unhappy with each other, neither side
wants to burn the negotiation bridge at the
moment,” said Connor Campbell, an analyst
at Spreadex in London.
The technology sector rose 1.6%, making
back a chunk of Monday’s 2.8% slide.
Chipmakers Infineon Technologies, AMS
and STMicroelectronics gained between
1% and 4.2%.
Telecom Italia rose 2.3% as it posted first
quarter results and confirmed its guidance
for the next three years. The firm’s chief
executive officer, Luigi Gubitosi said it was
in touch with five banks over plans to create
a joint venture to offer consumer credit
services.
Italy’s biggest phone group reported
a “solid set of results”, with core earnings
beating the consensus expectation of
analysts, Deutsche Bank said in a note on
Tuesday.
Norsk Hydro climbed 5.6% as a Brazilian
federal court allowed the Oslo-traded firm
to resume full output at the world’s largest
alumina refinery for the first time in more
than a year.
Oil and gas stocks added 1%, with Vestas
Wind Energy leading the gains with a 3.9%
rise.
The Danish firm secured an order
from Finland’s Fortum for a 90-megawatt
wind project and launched a wind turbine
targeting the US market.
Banks rose 0.7%, lifting off Monday’s
more-than three-month closing low.
As risk appetite crept back into
markets, defensive stocks in sectors such
as telecommunications underperformed.
However, stocks are not yet out of the
woods, still plagued by investor uncertainty
regarding the US-China trade war.
“We’ve had a very powerful rally (year-to-
date) and if there is a continued escalation
or a failure to resolve where we go from
here, there is certainly downside in equity
markets,” said Simon Webber, lead portfolio
manager on the global and international
equities team at Schroders. — Reuters

Shanghai Composite Hang Seng Euro STOXX 50 Index Dow Jones

Index points Index points
Index points Index points
5800 33800 3900 27500
2,891.70 27,705.94
-14.27 +48.70
29305 21,056.93
(-0.49%) (+0.18%)
4825 3415 23025
2,772.70
3850 24810 2930 18550
10,403.79
3,087.842
2875 20315 2445 3,386.51 14075 25877.33
+16.73 +197.43
(+0.50%) (+0.77%)
1900 15820 1960 9600
Mar 1, 2010 May 22, 2019 Mar 1, 2010 May 22, 2019 Mar 1, 2010 May 21, 2019 Mar 1, 2010 May 21, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.140 0.030 0.075 0.075 0028WA SCOPE-WA 0.075 -0.015 20 0.205 0.150 9.76 17/07/2020
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.115 0.020 0.035 0.030 7073WC SEACERA-WC 0.030 -0.010 1570 0.210 1.000 390.48 21/01/2021
0.185 0.145 0.150 0.145 5279CQ SERBADK-CQ 0.150 -0.005 400 4.040 4.000 17.57 26/11/2019
0.035 0.005 0.010 0.010 0103WA MNC-WA 0.010 Unch 500 0.035 0.100 214.29 05/11/2021 0.170 0.130 0.135 0.135 5279CT SERBADK-CT 0.135 -0.005 24 4.040 4.150 16.09 31/10/2019
0.030 0.005 0.015 0.010 0070WA MQTECH-WA 0.015 Unch 1082.9 0.030 0.100 283.33 21/11/2021 0.135 0.065 0.065 0.065 5288CM SIMEPROP-CM 0.065 -0.010 20 0.965 1.150 29.27 29/11/2019
0.265 0.085 0.180 0.180 165139 MRCB-C39 0.180 -0.010 200 0.935 0.630 5.88 02/08/2019 0.080 0.025 0.035 0.035 0093WA SOLUTN-WA 0.035 0.005 165 0.090 0.200 161.11 04/07/2021
0.375 0.115 0.200 0.200 165141 MRCB-C41 0.200 -0.030 365.4 0.935 0.800 6.95 29/11/2019 0.225 0.060 0.065 0.060 866414 SPSETIA-C14 0.060 -0.015 222.8 2.000 2.150 15.00 31/10/2019
0.210 0.085 0.115 0.110 165143 MRCB-C43 0.110 -0.010 355.6 0.935 0.950 19.25 30/09/2019 0.185 0.095 0.140 0.130 0080WA STRAITS-WA 0.130 -0.005 446.5 0.235 0.115 4.26 10/08/2022
0.180 0.085 0.100 0.090 165144 MRCB-C44 0.090 -0.020 2000 0.935 0.900 15.51 25/09/2019 0.350 0.035 0.085 0.075 3743WA SUNSURIA-WA 0.085 Unch 180.6 0.670 1.500 136.57 22/07/2020
0.150 0.080 0.090 0.085 165145 MRCB-C45 0.090 Unch 80 0.935 0.980 24.06 14/10/2019 0.115 0.115 0.115 0.115 5211CT SUNWAY-CT 0.115 -0.035 10 1.690 1.700 14.20 31/03/2020
0.165 0.080 0.080 0.080 165146 MRCB-C46 0.080 -0.015 0.4 0.935 1.000 19.79 31/01/2020 0.450 0.210 0.355 0.355 5211WB SUNWAY-WB 0.355 -0.005 74.9 1.690 1.790 26.92 03/10/2024
0.370 0.180 0.275 0.255 1651WB MRCB-WB 0.255 -0.020 1198.1 0.935 1.250 60.96 29/10/2027 0.125 0.020 0.030 0.025 0148WB SUNZEN-WB 0.030 Unch 90.1 0.105 0.250 166.67 25/02/2021
0.040 0.020 0.030 0.025 0043WA MTRONIC-WA 0.030 0.005 8455.6 0.080 0.080 37.50 16/04/2022 0.225 0.005 0.030 0.025 710655 SUPERMX-C55 0.030 0.010 275.4 1.660 1.750 9.04 31/07/2019
0.080 0.040 0.040 0.040 5703CJ MUHIBAH-CJ 0.040 -0.005 0.5 2.730 3.880 47.99 07/10/2019 0.310 0.045 0.105 0.085 710656 SUPERMX-C56 0.105 0.020 712 1.660 1.400 0.15 30/05/2019
0.200 0.050 0.095 0.095 13855 MYEG-C55 0.095 -0.025 100 1.410 1.200 5.32 28/06/2019 0.260 0.045 0.090 0.080 710659 SUPERMX-C59 0.090 0.010 4954.6 1.660 1.500 3.92 30/08/2019
0.325 0.110 0.200 0.195 13857 MYEG-C57 0.195 -0.020 400 1.410 1.000 5.50 30/08/2019 0.110 0.025 0.065 0.060 710662 SUPERMX-C62 0.065 0.005 724.1 1.660 1.950 27.26 30/09/2019
0.215 0.060 0.130 0.125 13858 MYEG-C58 0.125 -0.010 96 1.410 1.200 11.70 02/08/2019 0.075 0.040 0.060 0.055 710663 SUPERMX-C63 0.055 0.005 120 1.660 2.080 33.58 30/09/2019
0.300 0.105 0.200 0.200 13859 MYEG-C59 0.200 -0.010 711 1.410 0.880 4.96 30/08/2019 0.095 0.065 0.090 0.090 710664 SUPERMX-C64 0.090 0.005 100 1.660 1.700 15.96 17/09/2019
0.390 0.115 0.250 0.250 13860 MYEG-C60 0.250 -0.010 0.4 1.410 1.100 13.48 29/11/2019 0.105 0.055 0.105 0.085 710666 SUPERMX-C66 0.105 0.020 27.4 1.660 1.700 15.06 31/12/2019
0.295 0.100 0.190 0.180 13862 MYEG-C62 0.180 -0.015 94.8 1.410 1.100 9.93 17/09/2019 0.115 0.070 0.115 0.100 710667 SUPERMX-C67 0.115 0.010 2990 1.660 1.600 13.70 30/09/2019
0.240 0.090 0.140 0.140 13863 MYEG-C63 0.140 -0.020 45 1.410 1.200 14.89 23/10/2019 0.185 0.110 0.185 0.165 710669 SUPERMX-C69 0.185 0.025 627.4 1.660 1.450 9.64 28/02/2020
0.195 0.090 0.115 0.110 13865 MYEG-C65 0.110 -0.010 10963.4 1.410 1.500 28.23 30/09/2019 0.230 0.055 0.065 0.055 7186WB SWSCAP-WB 0.065 Unch 36.4 0.550 0.900 75.45 19/07/2023
0.180 0.080 0.110 0.095 13868 MYEG-C68 0.095 -0.015 20385.3 1.410 1.850 46.70 31/10/2019 0.295 0.050 0.280 0.265 6139CC TAKAFUL-CC 0.275 0.015 92.2 6.100 4.600 2.46 29/11/2019
0.090 0.075 0.080 0.075 13870 MYEG-C70 0.075 -0.015 0.2 1.410 1.900 53.37 23/12/2019 0.185 0.065 0.165 0.150 6139CE TAKAFUL-CE 0.160 0.010 775.4 6.100 5.300 2.62 31/01/2020
0.020 0.005 0.010 0.005 0096WA NEXGRAM-WA 0.005 Unch 273.2 0.015 0.100 600.00 16/05/2022 0.190 0.005 0.005 0.005 534750 TENAGA-C50 0.005 -0.010 99.9 3.887 14.400 272.01 28/06/2019
0.335 0.050 0.130 0.125 7241WA NGGB-WA 0.130 -0.005 400.4 0.385 0.600 89.61 18/10/2020 0.075 0.040 0.040 0.040 534757 TENAGA-C57 0.040 Unch 25 11.680 12.600 11.30 31/01/2020
0.095 0.055 0.095 0.055 7215WB NIHSIN-WB 0.060 Unch 37684.9 0.190 0.138 4.21 13/05/2022 0.460 0.100 0.305 0.255 7252WA TEOSENG-WA 0.260 -0.055 5231.5 1.100 1.350 46.36 29/01/2020
0.200 0.065 0.075 0.070 0172WA OCK-WA 0.075 Unch 60 0.435 0.710 80.46 15/12/2020 1.700 0.705 1.100 1.070 7034WA TGUAN-WA 1.070 -0.040 3.8 2.590 1.500 -0.77 09/10/2019
0.140 0.025 0.050 0.040 7071WC OCR-WC 0.040 -0.010 95.2 0.335 0.500 61.19 24/07/2021 0.159 0.045 0.060 0.055 7889WB THRIVEN-WB 0.060 Unch 406.1 0.220 0.480 145.45 05/10/2020
0.125 0.045 0.120 0.105 7071WD OCR-WD 0.110 Unch 4568 0.335 0.220 -1.49 18/02/2022 0.255 0.110 0.115 0.110 486339 TM-C39 0.110 -0.010 40 2.700 2.600 10.56 31/07/2019
0.145 0.015 0.080 0.070 0079WA ORION-WA 0.075 0.005 6948.7 0.160 0.170 53.13 26/07/2022 0.145 0.005 0.005 0.005 0101WB TMCLIFE-WB 0.005 Unch 4370 0.375 0.750 101.33 21/06/2019
0.210 0.030 0.035 0.035 5053WC OSK-WC 0.035 -0.005 20.1 0.890 1.200 38.76 22/07/2020 0.340 0.105 0.115 0.105 7285WA TOMYPAK-WA 0.115 -0.005 331.4 0.480 0.930 117.71 21/06/2021
0.365 0.100 0.155 0.155 5260WA OWG-WA 0.155 Unch 26.5 0.535 0.800 78.50 29/09/2023 0.160 0.070 0.100 0.100 711345 TOPGLOV-C45 0.100 0.010 449.8 5.050 4.600 4.95 31/07/2019
0.280 0.163 0.210 0.210 8419WA PANSAR-WA 0.210 -0.005 10 0.520 0.630 61.54 06/06/2023 0.160 0.055 0.080 0.080 711346 TOPGLOV-C46 0.080 0.005 115 5.050 5.300 13.66 31/07/2019
0.200 0.045 0.095 0.095 5125WA PANTECH-WA 0.095 -0.010 0.2 0.515 0.500 15.53 21/12/2020 0.095 0.055 0.095 0.090 711348 TOPGLOV-C48 0.090 0.005 305 5.050 5.000 9.70 29/11/2019
0.210 0.060 0.115 0.115 5125WB PANTECH-WB 0.115 Unch 3.6 0.515 0.500 19.42 21/12/2021 0.175 0.120 0.165 0.160 711349 TOPGLOV-C49 0.165 0.010 916.3 5.050 5.000 15.35 30/09/2019
0.055 0.025 0.030 0.030 7225WB PA-WB 0.030 -0.005 139 0.050 0.060 80.00 17/12/2022 0.120 0.085 0.120 0.115 711350 TOPGLOV-C50 0.120 0.005 42 5.050 5.300 16.83 17/09/2019
0.065 0.040 0.055 0.055 129533 PBBANK-C33 0.055 0.005 131.8 22.480 23.000 5.98 31/01/2020 0.160 0.105 0.155 0.140 711351 TOPGLOV-C51 0.155 0.015 3589.1 5.050 4.880 11.98 30/09/2019
0.290 0.035 0.170 0.160 6068WA PCCS-WA 0.165 -0.005 994.7 0.375 0.600 104.00 25/12/2022 0.240 0.180 0.240 0.230 711352 TOPGLOV-C52 0.240 0.015 994.3 5.050 4.280 8.51 30/09/2019
0.160 0.090 0.095 0.090 518329 PCHEM-C29 0.095 Unch 40 8.820 8.500 4.99 17/09/2019 0.120 0.085 0.120 0.120 711354 TOPGLOV-C54 0.120 0.030 0.5 5.050 4.480 12.48 31/01/2020
0.030 0.005 0.010 0.005 6254WB PDZ-WB 0.005 -0.005 520 0.030 0.100 250.00 29/01/2023 0.190 0.140 0.190 0.185 711355 TOPGLOV-C55 0.190 0.010 50.4 5.050 4.500 7.92 28/02/2020
0.150 0.030 0.045 0.035 8311WC PESONA-WC 0.035 -0.010 445 0.225 0.250 26.67 27/01/2020 0.260 0.080 0.125 0.115 7173WB TOYOINK-WB 0.125 0.005 111 0.715 1.500 127.27 06/11/2023
0.150 0.015 0.015 0.015 886918 PMETAL-C18 0.015 -0.105 10 4.260 4.880 17.37 28/06/2019 0.270 0.110 0.210 0.210 7176WA TPC-WA 0.210 Unch 100 0.415 0.200 -1.20 19/01/2021
0.620 0.330 0.505 0.500 7088WB POHUAT-WB 0.500 -0.005 98.8 1.510 1.000 -0.66 21/10/2020 0.120 0.010 0.015 0.015 5401WA TROP-WA 0.015 Unch 6.1 0.875 1.000 16.00 06/12/2019
0.240 0.040 0.045 0.040 463433 POS-C33 0.040 Unch 200 1.580 2.000 31.65 31/10/2019 0.115 0.065 0.065 0.065 514867 UEMS-C67 0.065 -0.005 70 0.845 0.950 23.96 31/10/2019
0.105 0.025 0.025 0.025 463434 POS-C34 0.025 Unch 100 1.580 2.380 56.96 29/11/2019 0.260 0.105 0.160 0.145 458813 UMW-C13 0.145 -0.005 207.5 5.450 4.700 2.20 30/08/2019
0.480 0.290 0.290 0.290 7168WA PRG-WA 0.290 -0.005 9 0.705 0.375 -5.67 06/07/2019 0.260 0.130 0.150 0.130 458815 UMW-C15 0.145 0.015 60 5.450 4.800 4.04 28/06/2019
0.145 0.035 0.055 0.055 5070WA PRTASCO-WA 0.055 -0.005 329.9 0.250 0.750 222.00 25/04/2023 0.150 0.050 0.110 0.105 5243WA VELESTO-WA 0.110 0.005 889.1 0.285 0.395 77.19 18/10/2024
0.095 0.010 0.030 0.025 7145WA PSIPTEK-WA 0.025 -0.005 665 0.125 0.100 0.00 16/11/2019 0.355 0.120 0.120 0.120 0120WB VIS-WB 0.120 -0.005 1 0.360 0.750 141.67 16/11/2022
0.150 0.035 0.040 0.035 0186WA PTRANS-WA 0.040 Unch 1072.5 0.210 0.235 30.95 19/09/2020 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 24 0.020 0.050 175.00 22/08/2023
0.170 0.050 0.055 0.050 0007WA PUC-WA 0.050 Unch 410 0.085 0.100 76.47 25/12/2024 0.670 0.310 0.445 0.425 7070WC VIZIONE-WC 0.430 -0.020 303.5 0.980 0.700 15.31 05/02/2022
0.550 0.210 0.275 0.275 7237WA PWROOT-WA 0.275 Unch 25 1.350 1.540 34.44 24/07/2023 0.135 0.065 0.065 0.065 696310 VS-C10 0.065 -0.025 86.4 1.010 1.200 34.90 31/07/2019
0.135 0.045 0.055 0.055 5256WA REACH-WA 0.055 Unch 30 0.255 0.750 215.69 12/08/2022 0.085 0.055 0.055 0.055 696314 VS-C14 0.055 -0.005 5368.4 1.010 1.450 60.45 31/10/2019
0.495 0.330 0.415 0.410 0200WA REVENUE-WA 0.410 -0.015 456.7 1.230 1.250 34.96 14/01/2024 0.185 0.100 0.110 0.100 696315 VS-C15 0.100 -0.010 573 1.010 1.080 26.73 29/11/2019
0.200 0.040 0.090 0.085 9954WB RGTBHD-WB 0.090 Unch 105 0.160 0.100 18.75 14/05/2023 0.170 0.095 0.115 0.115 6963C9 VS-C9 0.115 Unch 80 1.010 0.880 15.59 02/08/2019
0.130 0.075 0.105 0.080 106612 RHBBANKC12 0.095 0.015 1208.8 5.880 5.800 5.43 31/07/2019 0.220 0.045 0.125 0.110 9679WE WCT-WE 0.110 -0.015 4655.2 0.950 2.080 130.53 27/08/2020
0.115 0.055 0.110 0.090 106613 RHBBANKC13 0.100 0.015 82.4 5.880 5.600 3.74 29/11/2019 0.180 0.095 0.140 0.135 0197WA WEGMANS-WA 0.135 0.005 654.2 0.315 0.300 38.10 13/01/2022
0.110 0.080 0.110 0.090 106616 RHBBANKC16 0.100 0.010 769.8 5.880 5.500 3.74 14/10/2019 0.180 0.070 0.080 0.075 0162WA WIDAD-WA 0.080 0.005 481.5 0.265 0.350 62.26 05/08/2023
0.180 0.055 0.080 0.080 8567WB SALCON-WB 0.080 -0.005 1537.2 0.270 0.300 40.74 19/07/2025 0.240 0.070 0.095 0.095 7245WA WZSATU-WA 0.095 Unch 162 0.220 0.380 115.91 28/10/2024
0.100 0.005 0.005 0.005 521873 SAPNRGC73 0.005 Unch 200 0.310 0.400 31.45 31/05/2019 0.130 0.015 0.020 0.015 7293CT YINSON-CT 0.015 -0.025 141.8 4.690 4.680 1.23 31/05/2019
0.105 0.060 0.060 0.060 521875 SAPNRGC75 0.060 Unch 1400 0.310 0.280 19.35 30/08/2019 0.160 0.095 0.110 0.110 7293CW YINSON-CW 0.110 -0.005 10 4.690 4.350 4.48 31/12/2019
0.180 0.085 0.120 0.115 5218WA SAPNRG-WA 0.120 0.005 2901.1 0.310 0.490 96.77 23/01/2026 0.990 0.085 0.110 0.100 7066WA YONGTAI-WA 0.100 Unch 187.5 0.345 0.500 73.91 24/06/2020
0.095 0.020 0.055 0.040 0161WA SCH-WA 0.045 -0.010 7329 0.125 0.100 16.00 04/12/2021 0.130 0.045 0.045 0.045 467723 YTL-C23 0.045 -0.005 175 1.050 1.250 23.33 29/11/2019
0.070 0.005 0.035 0.030 7158WB SCOMI-WB 0.030 Unch 593.7 0.085 0.210 182.35 18/02/2023
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T HUR SDAY M AY 2 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on May 17, 2019) 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. Is gold bull case struggling?
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
ACOUSTECH 700,400 ONG LI TAK 700,400 16/5
ALLIANCE BANK MALAYSIA 813,200 EMPLOYEES PROVIDENT FUND BOARD 193,932,140 14/5
AMMB 1,764,000 EMPLOYEES PROVIDENT FUND BOARD 226,135,037 14/5
AXIS REAL ESTATE (400,000) EMPLOYEES PROVIDENT FUND BOARD 196,636,712 14/5
INVESTMENT TRUST
BARAKAH OFFSHORE PETROLEUM (15,000,000) NIK HAMDAN DAUD 155,352,737 7/5
BERMAZ AUTO (1,137,200) EMPLOYEES PROVIDENT FUND BOARD 126,824,000 14/5
BIMB (2,000,000) AMANAHRAYA TRUSTEE 106,206,400 15/5
- AMANAH SAHAM BUMIPUTERA
BUMI ARMADA (1,420,800) EMPLOYEES PROVIDENT FUND BOARD 326,962,400 14/5
CARING PHARMACY GROUP (1,750,000) PERBADANAN NASIONAL 24,027,000 16/5
DIALOG GROUP 3,257,700 EMPLOYEES PROVIDENT FUND BOARD 496,039,016 14/5
DIGI.COM (1,545,500) EMPLOYEES PROVIDENT FUND BOARD 1,065,628,930 14/5
D’NONCE TECHNOLOGY 1,335,000 TAN THAN KAU 59,955,700 16/5
DUOPHARMA BIOTECH (483,000) EMPLOYEES PROVIDENT FUND BOARD 47,694,661 14/5
EURO (200,000) DATO’ SRI MOHD HANIFF ABD AZIZ 4,715,400 16 & 17/5
GAMUDA 478,700 AMANAHRAYA TRUSTEE 134,414,700 15/5
- AMANAH SAHAM BUMIPUTERA
GAMUDA 810,000 KUMPULAN WANG PERSARAAN 148,666,700 16/5
- AMANAH SAHAM BUMIPUTERA
GAMUDA (1,443,100) EMPLOYEES PROVIDENT FUND BOARD 298,018,505 14/5
GENTING PLANTATIONS 525,200 AMANAHRAYA TRUSTEE 53,807,100 15/5
- AMANAH SAHAM BUMIPUTERA
GLOMAC 444,200 DATUK SERI FATEH ISKANDAR 299,399,501 15 & 16/5 BP’s CO2 emissions
TAN SRI DATO MOHAMED MANSOR
HARTALEGA 3,001,200 EMPLOYEES PROVIDENT FUND BOARD 229,589,700 14/5 Carbon emissions from fuels and products BP sells to customers (Scope 3 emissions) far
HEKTAR REAL ESTATE (550,000) HEKTAR BLACK 161,031,266 14/5
INVESTMENT TRUST exceed emissions from its own operations (Scope 1+2).
HONG LEONG BANK 457,400 EMPLOYEES PROVIDENT FUND BOARD 254,501,421 14/5
IGB REAL ESTATE 1,656,700 EMPLOYEES PROVIDENT FUND BOARD 368,524,466 14/5
INVESTMENT TRUST
IHH HEALTHCARE 1,414,900 EMPLOYEES PROVIDENT FUND BOARD 685,982,400 14/5
IJM CORPORATION 3,180,800 EMPLOYEES PROVIDENT FUND BOARD 557,985,118 14/5
INARI AMERTRON 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 230,917,145 14/5
IOI CORPORATION 4,309,200 EMPLOYEES PROVIDENT FUND BOARD 767,161,173 13 & 14/5
IOI PROPERTIES GROUP (590,000) EMPLOYEES PROVIDENT FUND BOARD 359,692,532 13/5
IOI PROPERTIES GROUP (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 358,692,532 14/5
JMR CONGLOMERATION (6,000,000) LEGACY FIDUCIARY 16/5
JMR CONGLOMERATION 6,000,000 GLOBAL LEGACY PARTNERS S/B 13,000,000 16/5
KERJAYA PROSPEK GROUP 781,700 EMPLOYEES PROVIDENT FUND BOARD 68,172,690 14/5
KPJ HEALTHCARE 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 479,564,680 14/5
LAFARGE MALAYSIA (433,344,693) ASSOCIATED CEMENT 17/5
INTERNATIONAL LTD., UK
LAFARGE MALAYSIA 433,344,693 YTL CEMENT 433,344,693 15/5
MALAYAN BANKING 4,573,500 AMANAHRAYA TRUSTEE 3,790,754,900 15/5
- AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 2,314,700 EMPLOYEES PROVIDENT FUND BOARD 1,402,452,396 14/5
MALAYSIA BUILDING SOCIETY (250,000,000) TAN SRI DATO’ CHUA MA YU 16/5
MAXIS 3,153,700 EMPLOYEES PROVIDENT FUND BOARD 880,555,500 14/5
MISC 3,900,700 EMPLOYEES PROVIDENT FUND BOARD 291,129,111 13 & 14/5
MRCB-QUILL REIT 500,000 EMPLOYEES PROVIDENT FUND BOARD 128,845,900 14/5
OCK GROUP 1,804,600 EMPLOYEES PROVIDENT FUND BOARD 64,199,600 14/5
PPB GROUP 697,700 EMPLOYEES PROVIDENT FUND BOARD 161,012,494 14/5
PUBLIC BANK (1,628,700) EMPLOYEES PROVIDENT FUND BOARD 506,685,600 14/5 Stocks closest to year high Stocks closest to year low
RAPID SYNERGY 381,700 DATO’ DR YU KUAN CHON 29,714,710 17/5
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
S P SETIA 273,700 EMPLOYEES PROVIDENT FUND BOARD 462,088,789 14/5 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
SERBA DINAMIK 1,195,500 EMPLOYEES PROVIDENT FUND BOARD 101,731,200 13 & 14/5
SERBA DINAMIK 551,300 KUMPULAN WANG PERSARAAN 96,606,500 15/5 SUPERMX-C69 0.185 0.165 0.185 627.4 IQGROUP 1.100 1.050 1.050 18.9
(DIPERBADANKAN) YNHPROP 1.900 1.750 1.890 4710.8 SYF 0.200 0.175 0.200 1346
SIME DARBY 2,935,500 EMPLOYEES PROVIDENT FUND BOARD 701,345,575 14/5 SUPERMX-C66 0.105 0.085 0.105 27.4 KAWAN 1.510 1.460 1.470 127.6
SIME DARBY 1,009,800 KUMPULAN WANG PERSARAAN 427,389,849 16/5 HSI-H6U 1.210 1.160 1.200 7.6 TM-C39 0.115 0.110 0.110 40
(DIPERBADANKAN) HIBISCS-CN 0.045 0.035 0.035 0.4
MBL-WA 0.480 0.445 0.470 103.6
SIME DARBY PLANTATION 8,500,000 EMPLOYEES PROVIDENT FUND BOARD 977,592,331 14/5
HSI-H6T 0.795 0.730 0.785 448 FGV-C76 0.120 0.115 0.115 21.4
SUNWAY CONSTRUCTION GROUP 732,500 EMPLOYEES PROVIDENT FUND BOARD 109,499,443 14/5
SUNWAY REAL (895,700) EMPLOYEES PROVIDENT FUND BOARD 457,903,000 14/5 HSI-H6S 0.485 0.440 0.470 1120.6 BSTEAD 1.190 1.150 1.160 349.5
INVESTMENT TRUST HSI-H6R 0.835 0.760 0.810 1243.1 MUHIBAH-CJ 0.040 0.040 0.040 0.5
SUNWAY REAL ESTATE 751,000 AMANAHRAYA TRUSTEE 164,913,200 15/5 HSI-H8A 0.735 0.685 0.715 4042.2 INIX-WA 0.020 0.015 0.015 403.6
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA E&O 0.830 0.810 0.810 386.6
HSI-H6X 0.970 0.905 0.950 4439.4
TELEKOM MALAYSIA (2,076,300) EMPLOYEES PROVIDENT FUND BOARD 668,811,100 14/5
HSI-H6W 0.980 0.905 0.960 5171 INARI-C35 0.030 0.030 0.030 800
TENAGA NASIONAL 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 867,205,582 14/5
TOP GLOVE CORPORATION 3,633,900 EMPLOYEES PROVIDENT FUND BOARD 168,261,022 14/5 HSI-H6Y 0.740 0.685 0.725 4193 EVERGRN 0.340 0.320 0.330 2234.6
TOP GLOVE CORPORATION 1,200,000 TAN SRI DR LIM WEE CHAI 686,029,552 17/5 HSI-H6Z 0.930 0.870 0.915 4219.6 TNLOGIS 0.535 0.530 0.530 198
VELESTO ENERGY 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 437,633,171 14/5 RHBBANK 5.970 5.690 5.880 4648.9 LCTITAN 3.200 3.080 3.100 1138.1
YNH PROPERTY 518,900 DATO DR YU KUAN CHON 173,130,887 17/5 TOMEI 0.470 0.445 0.450 92.2
RHBBANKC16 0.110 0.090 0.100 769.8
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder RGTBHD 0.160 0.155 0.160 703.3
TOPGLOV-C54 0.120 0.120 0.120 0.5
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 FIHB-PA 0.100 0.100 0.100 2 WONG 0.475 0.465 0.470 57
TOPGLOV-C55 0.190 0.185 0.190 50.4 FGV-C71 0.030 0.030 0.030 20
UNIWALL 0.420 0.420 0.420 10 INARI-C31 0.080 0.070 0.075 806

Local events to watch out for today VC

TOPGLOV-C50
0.315
0.120
0.300
0.115
0.305
0.120
11770.9
42
IJM-C24
HSI-C5X
0.125
0.100
0.100
0.090
0.100
0.090
58
115
GPA-WA 0.065 0.050 0.065 13970.9 HSI-C5O 0.195 0.165 0.170 1323
• Sime Darby Plantation Bhd’s annual gen- • Kossan Rubber Industries Bhd’s AGM GPA 0.130 0.120 0.130 5578.9 HSI-C5K 0.635 0.575 0.590 606.6
eral meeting (AGM) at Sime Darby Con- at Setia City Convention Centre, Jalan FOCUSP 0.490 0.445 0.460 2067.4 HSI-C5U 0.255 0.220 0.230 943.4
vention Centre, Jalan Bukit Kiara 1, Bukit Setia Dagang AG U13/AG Setia Alam, HSI-H6P 0.390 0.340 0.365 5899.7 HSI-C5G 0.160 0.130 0.135 8010
Kiara, Kuala Lumpur at 10am. Seksyen U13 Shah Alam, Selangor at This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
10.30am. could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
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 $ 0.582 0.651 0.655 0.514 0.871 0.897 0.897 0.945 2.7240 4.490 54.909 4.349 2.389 9,446 45.337 71.803 5.683 34.090 2.368 2.440 6.265 20.764 5.106
EURO 1.717 1.117 1.125 0.883 1.495 1.540 1.540 1.622 4.6779 7.710 94.295 7.469 4.103 16,221 77.857 123.307 9.760 58.543 4.067 4.189 10.759 35.658 8.769
US $ 1.537 0.895 1.008 0.790 1.339 1.378 1.378 1.452 4.1875 6.902 84.410 6.686 3.673 14,520 69.695 110.380 8.737 52.405 3.641 3.750 9.631 31.920 7.850
SWISS FR 1.526 0.888 0.993 0.784 1.329 1.368 1.368 1.441 4.1563 6.850 83.781 6.636 3.645 14,412 69.176 109.558 8.672 52.015 3.613 3.722 9.559 31.682 7.791
STERLING £ 1.946 1.133 1.266 1.275 1.694 1.744 1.744 1.838 5.2997 8.735 106.829 8.461 4.648 18,377 88.206 139.697 11.057 66.324 4.607 4.746 12.189 40.398 9.935
CANADA $ 1.148 0.669 0.747 0.753 0.590 1.030 1.030 1.085 3.1283 5.156 63.059 4.995 2.744 10,847 52.066 82.460 6.527 39.150 2.720 2.802 7.195 23.846 5.864
BRUNEI $ 1.115 0.649 0.726 0.731 0.573 0.971 1.000 1.054 3.0382 5.007 61.243 4.851 2.665 10,535 50.567 80.085 6.339 38.022 2.641 2.721 6.988 23.159 5.695
SINGAPORE $ 1.115 0.649 0.726 0.731 0.573 0.971 1.000 1.054 3.0382 5.007 61.243 4.851 2.665 10,535 50.567 80.085 6.339 38.022 2.641 2.721 6.988 23.159 5.695
AUSTRALIA $ 1.059 0.616 0.689 0.694 0.544 0.922 0.949 0.949 2.8839 4.753 58.133 4.604 2.529 10,000 47.999 76.018 6.017 36.091 2.507 2.583 6.633 21.983 5.406
MALAYSIA RM 0.367 0.214 0.239 0.241 0.189 0.320 0.329 0.329 0.347 1.0000 1.648 20.158 1.597 0.877 3,468 16.644 26.359 2.086 12.515 0.869 0.896 2.300 7.623 1.875
100 CHINESE RMB 22.273 12.970 14.489 14.598 11.448 19.395 19.970 19.970 21.039 60.6730 1,223 96.869 53.215 210,385 1,009.820 1,599 126.587 759.305 52.747 54.337 139.542 462.492 113.736
100 BANGLAD’H TAKA 1.821 1.060 1.185 1.194 0.936 1.586 1.633 1.633 1.720 4.9609 8.176 7.920 4.351 17,202 82.568 130.767 10.350 62.084 4.313 4.443 11.410 37.816 9.300
100 DANISH KRONER 22.993 13.389 14.957 15.070 11.818 20.022 20.615 20.615 21.719 62.6340 103.23 1,263 54.935 217,185 1,042.46 1,651 130.68 783.85 54.45 56.09 144.05 477.44 117.41
100 UAE DIRHAM 41.855 24.373 27.227 27.432 21.513 36.446 37.527 37.527 39.535 114.0138 187.92 2,298 182.03 395,346 1,898 3,005 237.88 1,427 99.12 102.11 262.22 869.09 213.73
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.005 0.009 0.009 0.009 0.010 0.0288 0.048 0.581 0.046 0.025 0.480 0.760 0.060 0.361 0.025 0.026 0.066 0.220 0.054
100 INDIA RUPEE 2.206 1.284 1.435 1.446 1.134 1.921 1.978 1.978 2.083 6.0083 9.903 121.113 9.593 5.270 20,834 158.376 12.536 75.192 5.223 5.381 13.819 45.800 11.263
100 JAPAN YEN 1.393 0.811 0.906 0.913 0.716 1.213 1.249 1.249 1.315 3.7937 6.253 76.472 6.057 3.327 13,155 63.141 7.915 47.477 3.298 3.398 8.725 28.918 7.112
100 NORWEGIAN KRONER 17.595 10.246 11.446 11.532 9.044 15.321 15.776 15.776 16.620 47.9300 78.997 966 76.524 42.039 166,199 797.730 1,263 599.830 41.669 42.925 110.235 365.356 89.849
100 PHILIPPINE PESO 2.933 1.708 1.908 1.923 1.508 2.554 2.630 2.630 2.771 7.9906 13.170 161.071 12.758 7.008 27,708 132.993 210.628 16.671 6.947 7.156 18.378 60.910 14.979
100 QATAR RIYAL 42.227 24.589 27.469 27.675 21.704 36.769 37.860 37.860 39.885 115.0254 189.583 2,319 183.647 100.887 398,854 1,914 3,032 239.986 1,440 103.013 264.548 876.805 215.624
100 SAUDI RIYAL 40.991 23.870 26.665 26.865 21.069 35.694 36.752 36.752 38.719 111.6607 184.037 2,251 178.275 97.936 387,186 1,858 2,943 232.966 1,397 97.075 256.809 851.157 209.317
100 SWEDISH KRONOR 15.962 9.295 10.383 10.461 8.204 13.899 14.311 14.311 15.077 43.4800 71.663 876.452 69.419 38.136 150,768 723.666 1,146 90.716 544.139 37.800 38.939 331.435 81.507
100 THAI BAHT 4.816 2.804 3.133 3.156 2.475 4.194 4.318 4.318 4.549 13.1187 21.622 264.442 20.945 11.506 45,489 218.343 345.802 27.371 164.177 11.405 11.749 30.172 24.592
100 HK$ 19.583 11.404 12.739 12.835 10.066 17.052 17.558 17.558 18.498 53.3453 87.923 1,075.313 85.170 46.788 184,976 887.860 1,406 111.298 667.601 46.377 47.774 122.689 406.636
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.
THU R S DAY MAY 23 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
1980 18.00 105.0
90000 1.00
1,601.50 4.5
3.60
(+1.00) (+0.50)
(Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

98.007
(-0.055) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 May 21, 2019 Jan 4, 2010 May 21, 2019 Oct 2, 2006 May 22, 2019 Oct 1, 2000 May 21, 2019

KLCI futures end slightly FBM KLCI futures US dollar near one-month Klibor
higher on mild buying INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
high before Fed minutes MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

FBM KLCI futures contracts on Bursa FBMKLCI 1,603.74 -1.62 88.2M The US dollar held near a one-month high JUN9 96.40 — — —
JUL9 96.40 — — —
Malaysia Derivatives ended slightly higher MAY 19 1,601.50 1.00 7,684 33,925 -794 yesterday as trade tensions US-China SEP9 96.40 — — —
on Tuesday on mild buying, despite the JUN 19 1,602.50 1.50 287 1,002 4
remained high before US Federal Reserve DEC9 96.40 — — —
SEP 19 1,599.00 2.00 12 392 0
weaker cash market. DEC 19 1,599.50 — — 68 -2
(Fed) minutes that may give more clues on MAR0 96.40 — — —
May 2019 improved one point to 1,601.5; TOTAL what prompted US policymakers to strike a JUN0 96.40 — — —
7,983 35,387 -792
SEP0 96.40 — — —
June 2019 added 1.5 points to 1,602.5; broadly neutral stance this month. DEC0 96.40 — — —
September 2019 climbed two points to 1,599, FUTURES
MAY/JUN
ROLL OVER BID
1.0
OFFER
0.5
CLOSE
1.0
Officials in both countries dug in MAR1 96.40 — — —
while new contract December 2019 remained their heels as tensions intensified since JUN1 96.40 — — —
unchanged at 1,599.5. FUTURES FAIR VALUE Washington last week blacklisted Chinese SEP1 96.40 — — —
DEC1 96.40 — — —
Turnover rose to 7,983 lots from 5,842 CONTRACT
MAY 19
DAYS TO EXPIRY
11
KLIBOR DIVIDEND FAIR VALUE
1.40 1.89 -0.49
telecommunication equipment company MAR2 96.40 — — —
lots last Friday and open interest increased JUN 19 39 5.33 3.56 1.77 Huawei Technologies Co Ltd, a move that JUN2 96.40 — — —
to 35,387 contracts from 33,412 contracts ROLL’S FAIR 2.26 has rattled global markets. SEP2 96.40 — — —
previously. China must prepare for difficult times as DEC2 96.40 — — —
MAR3 96.40 — — —
The benchmark FBM KLCI settled 1.62 the international situation is increasingly
JUN3 96.40 — — —
points lower at 1,605.36 on Tuesday. complex, President Xi Jinping said in SEP3 96.40 — — —
Philippine stocks closed higher yesterday comments carried by state media yesterday. DEC3 96.40 — — —
after the US temporarily eased restrictions “Everyone is digging in for a long fight,” MAR4 96.40 — — —
on China’s Huawei Technologies Co Ltd, recently-announced presidential election Brown Brothers Harriman strategists said DEC-99 — — — —
TOTAL 0 0
while Indonesia slipped as protests around results gripped the capital. — Agencies in a note. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,063
(-35) 5075 1660 1,274.60
3450 152500 0.2733 0.525 121.25
(+1.40)
(RM2,521/tonne)
2700 3750
62.61 1340
105000 0.350 87.50 (-0.52)

1950 57500 2425 0.175 53.75 1020

2,063
1200 10000 (-35) 700
1100 0.000 20.00
Jan 6, 2008 May 21, 2019 Apr 10, 2007 May 22, 2019 Aug 31, 2008 May 22, 2019
Jan 6, 2008 May 21, 2019

Palm oil drops nearly 2% CPO futures Oil prices down on Commodities

on technical selling CONTRACT

JUN-19
LAST
2,016
CHANGE
-33
VOLUME
478
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,733 -764
swelling US stockpiles AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,063 -35
RUBBER SEN/KG MRB 626.50 5.00
JUL-19 2,049 -33 6,840 38,963 -2,315
Malaysian palm oil futures closed nearly 2% Oil prices fell yesterday after industry data CORN USC/BSH CBOT 389.00 -5.25
AUG-19 2,063 -35 18,255 67,715 2,129
SOYBEANS USC/BSH CBOT 823.50 1.50
down on Tuesday, retreating from a three- SEP-19 2,082 -38 4,598 28,625 278 showed an increase in US crude inventories
WHEAT USC/BSH CBOT 472.00 -6.75
week high hit in early trade as technical OCT-19 2,099 -42 1,667 21,150 -180 and on demand concerns linked to a LIVE CATTLE USC/IBS CME 108.28 -0.25
selling and concern over higher-than- CPO FUTURES CPO/SOYOIL protracted trade war between China and COCOA US$/TON NYBOT 2,414 -23
expected production weighed on prices. INDICATIVE ROLL-OVER FUTURES BASIS (USD) the US. COFFEE USC/IBS NYBOT 94.85 -0.30
JUN/JUL -33 CURRENT -97.85
The benchmark palm oil contract JUN/AUG -49 3 MONTHS AVERAGE -112.20
However, analysts said oil markets SUGAR USC/IBS NYBOT 12.31 0.14
for August delivery on Bursa Malaysia JUN/SEP remained tight amid supply cuts by producer COTTON USC/IBS NYC 65.94 -0.96
-66 6 MONTHS AVERAGE -113.23
Derivatives finished 1.95% down at RM2,057 JUL/AUG -16 group Opec and allies such as Russia, and as METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,520 UNCH
a tonne for its sharpest daily decline in more SGS & ITS EXPORT ESTIMATES (TONNES) political tension escalates in the Middle East. COPPER USC/IBS CMX 2.6905 -0.0245
than a fortnight. The drop was also palm oil’s SHIPMENT DAYS FEB’19 MAR’19 APR’19 Brent crude was down 29 US cents to GOLD US$/TROY OZ CMX 1,274.60 1.40
first day of losses in six. 1 - 10TH DAYS 392/407 412/453 526/481 US$71.89 a barrel. US crude for July delivery PLATINUM US$/TROY OZ NYMEX 808.90 -6.50
“The market declined on technical selling 1 - 15TH DAYS 674/686 697/677 744/687
was down 52 US cents at US$62.61. PALLADIUM US$/TROY OZ NYMEX 1,304.40 -5.50
as it was overbought after gaining for five 11 -- 20TH DAYS
25TH DAYS
918/930
1,122/1139
925/909 940/892
1,261/1,158 1,278/1,261
“Neither renewed Middle East tensions SILVER USC/TROY OZ CMX 14.39 0.01
sessions,” said a Kuala Lumpur-based trader. FULL MONTH nor possibly extended Opec+ output cuts ALUMINIUM RMB/TON SHF 14,105 -135
1,232/1258 1,577/1,546 1,585/1,576
ZINC RMB/TON SHF 20,275 -200
Another trader said palm oil prices were MALAYSIAN PALM OIL BOARD have managed to bump crude oil from its
also pressured by concern that May output JAN’19 FEB’19 MAR’19 APR’19 tight range. The reasons? Growing worries ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 62.61 -0.52
would be higher than expected. “May’s full- PRODUCTION 1,737 1,545 1,672 1,649 about the impact of the trade war on global HEATING OIL USC/GAL NYMEX 2.0671 -0.0156
month output (versus April) might be flat,” EXPORT
STOCKS
1,676
3,001
1,321
3,045
1,618
2,917
1,651
2,729
economic growth as well as a stubbornly NATURAL GAS US$/MMBTU NYMEX 2.643 0.002
the trader said. strong US dollar,” said SaxoBank’s Ole BRENT CRUDE US$/BBL ICE 71.89 -0.29
MPOB palm oil physical
Previous expectations were for output to Hansen. — Reuters GAS OIL US$/TON ICE 639.00 -6.00
decline. (IN RM/TON) MAY’19 JUN’19 JUL’19

Palm oil output in Malaysia, the world’s CPO DELD

PK EX-MILL
1,967.00 2,035.00 NO TRADE
NO TRADE NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
second-largest producer, last reported that CPKO DELD 2,381.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
production fell 1.4% from the previous month RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
to 1.65 million tonnes in April. RBD P.OLEIN FOB 2,181.00 NO TRADE NO TRADE
Flat or rising stocks from April to May, RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 486.00 1475 626.50
(+3.00)
however, could add to already high inventory MPOB FFB REF PRICE (MILL GATE PRICE) (+5.00)

levels, which have kept pressure on prices REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
since the final quarter of last year. NORTH 20.00% 387 19.00% 368 18.00% 349
In related oils, the US Chicago Board of SOUTH 20.00% 397 19.00% 378 18.00% 358
500 625
Trade July soybean oil contract rose 0.1% on CENTRAL 20.00% 393 19.00% 374 18.00% 355
Tuesday, while July soyoil on China’s Dalian EAST COAST 20.00% 390 19.00% 371 18.00% 352 300 200

Commodity Exchange lost 0.9%. — Reuters SABAH SARAWAK

22.00% 379
22.00% 382
21.00% 362
21.00% 364
20.00% 344
20.00% 346
Jan 7, 2007 May 21, 2019 Jan 7, 2007 May 21, 2019
 Markets
32 T HUR SDAY M AY 2 3 , 2 0 1 9 • 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 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 1,603.74 1.62 FBM ACE 4,392.21 2.93 FTSTI 3,183.14 0.12 NIKKEI 21,283.37 10.92 HANG SENG 27,705.94 48.70 DOW JONES 25,877.33 197.43

There was another life that I might have had, Market movers
but I am having this one. — Kazuo Ishiguro
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 BARAKAH 66,046.7 -0.015 -17.65 0.070 — 0.00
('000) (%) (RM) (RM) (RM) (RM) LAMBO 62,268.0 -0.005 -7.14 0.065 7.07 0.00
Index point
1615 BARAKAH 66,047 -17.65 -0.015 0.070 0.080 0.070 ARMADA 56,804.4 -0.005 -2.56 0.190 — 1.07
1613 PHB 50,781 0.00 0.000 0.025 0.030 0.020 PHB 50,780.5 UNCH UNCH 0.025 — 0.00
1611 KL Composite Index VC-PA 42,605 -6.67 -0.005 0.070 0.075 0.065 VC-PA 42,604.9 -0.005 -6.67 0.070 — 0.00
1609 1603.74 LAMBO-WB 39,777 0.00 0.000 0.010 0.015 0.010 IMPIANA 40,848.0 -0.010 -22.22 0.035 — 0.00
(-1.62) NIHSIN-WB 37,685 0.00 0.000 0.060 0.095 0.055 LAMBO-WB 39,776.7 UNCH UNCH 0.010 — 0.00
1607
EKOVEST-WB 26,280 -10.14 -0.035 0.310 0.345 0.305 NIHSIN-WB 37,684.9 -0.010 -14.29 0.060 — 0.00
1605
KLCI futures LHI 24,565 -1.87 -0.020 1.050 1.060 1.020 TIGER 36,749.5 0.005 12.50 0.045 — 0.00
1603
HSI-C5S 22,269 -12.50 -0.020 0.140 0.160 0.135 IOIPG 32,398.3 UNCH UNCH 1.190 8.64 4.20
1601 1601.5
(+1.00) MYEG-C68 20,385 -13.64 -0.015 0.095 0.110 0.095 KNM 27,303.4 -0.005 -2.63 0.185 — 0.00
1599 HSI-H6Q 16,906 3.96 0.020 0.525 0.535 0.480 EKOVEST 26,594.5 -0.040 -4.79 0.795 16.67 1.20
1597 HSI-C5J 15,331 -11.94 -0.040 0.295 0.335 0.280 EKOVEST-WB 26,280.3 -0.035 -10.14 0.310 — 0.00
1595 GPA-WA 13,971 30.00 0.015 0.065 0.065 0.050 LHI 24,564.7 -0.020 -1.87 1.050 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-C5P 13,884 -9.33 -0.035 0.340 0.380 0.330 HSI-C5S 22,269.2 -0.020 -12.50 0.140 — 0.00
NIHSIN 12,387 -9.52 -0.020 0.190 0.225 0.180 MYEG 21,448.0 -0.040 -2.76 1.410 65.91 1.31
Daily FBM KLCI MYEG-C65 10,963 -8.33 -0.010 0.110 0.115 0.110 MYEG-C68 20,385.3 -0.005 -5.00 0.095 — 0.00
HSI-H6G 10,639 0.00 0.000 0.305 0.340 0.260 PWORTH 20,228.6 UNCH UNCH 0.070 — 0.00
DAYANG 20,180.8 -0.020 -1.74 1.130 6.93 0.00
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
FRONTKN 19,222.6 -0.080 -5.63 1.340 24.27 1.06
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,603.74 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(-1.62)
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,623.27 KLCI erases gains to end UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

lower as trade tensions weigh

1425.0 NESTLE 146.300 0.800 BAT 33.440 -0.660
SAM 8.190 0.190 UTDPLT 26.040 -0.560
RHBBANK 5.880 0.140 MPI 9.100 -0.400
1122.5
AEONCR 16.240 0.140 CHINAETF-MYR 5.430 -0.280
KUALA LUMPUR: The FBM KLCI erased gains in the second HLFG 18.960 0.120 AHEALTH 8.530 -0.250
820.0 half of trading on Tuesday as trade tensions between the US YNHPROP 1.890 0.120 PENTA 4.100 -0.240
Jan 2, 2008 May 21, 2019
and China weighed on investor sentiment. The key market TOPGLOV 5.050 0.110 AIRPORT 7.030 -0.200
barometer closed at 1,603.74, down 1.62 points or 0.1%. RAPID 5.890 0.110 HEIM 23.780 -0.180
900 “(In the broader market,) the technology sector suffered HARTA 5.200 0.100 IQGROUP 1.050 -0.160
TENAGA 11.680 0.100 IHH 5.300 -0.160
the worst decline, with the Bursa Malaysia Technology Index
600 ORIENT 6.690 0.080 HSI-C5L 0.990 -0.150
falling 3.5%,” said Malacca Securities Sdn Bhd senior analyst EDGENTA 2.830 0.070 TASEK 5.010 -0.140
300 Kenneth Leong.
Leong advised investors to keep an eye on corporate Top gainers and losers (ranked by%age)
0 earnings being released towards the end of the month,

 
Volume (’mil) although the research house does not expect a significant UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
change in market from the earnings releases.
FBM KLCI futures Market breadth was negative as 558 stocks closed in the FBMKLCI-C5V 0.010 100.00 PMETAL-C18 0.015 -87.50
SUMATEC 0.015 50.00 IJM-C21 0.015 -66.67
CONTRACT SETTLEMENT CHANGE HIGH LOW
red, more than two times the number of gainers, at 203.
SUPERMX-C55 0.030 50.00 TENAGA-C50 0.005 -66.67
MAY 19 1,601.50 1.00 1,613.00 1,596.50 Trading activity was muted as the day was sandwiched VIVOCOM 0.020 33.33 YINSON-CT 0.015 -62.50
JUN 19 1,602.50 1.50 1,612.50 1,598.00 between two public holidays. Some 1.8 billion shares valued APFT 0.020 33.33 HSI-H6K 0.025 -50.00
SEP 19 1,599.00 2.00 1,610.00 1,600.00
at RM1.46 billion changed hands. TOPGLOV-C54 0.120 33.33 PDZ-WB 0.005 -50.00
Bursa Malaysia was closed on Monday for the Wesak Day GPA-WA 0.065 30.00 HSI-C5E 0.055 -45.00
FBM KLCI sensitivity* holiday, while on a break yesterday for Nuzul al-Quran. SUPERMX-C56 0.105 23.53 GENM-C51 0.045 -43.75

KLCI CHANGE CLOSE VOLUME Lambo Group Bhd, Barakah Offshore Petroleum Bhd and SUPERMX-C66 0.105 23.53 FBMKLCI-C5Q 0.030 -40.00
POINTS (RM) (RM) ('000) PJBUMI 0.265 20.45 DGB-WB 0.010 -33.33
TENAGA NASIONAL 0.88 0.100 11.680 3091.0
Bumi Armada Bhd were the most actively-traded stocks on MQTECH 0.030 20.00 INARI-C35 0.030 -33.33
RHB BANK 0.87 0.140 5.880 4648.9 Tuesday. COMPUGT 0.030 20.00 MI-CF 0.010 -33.33
DIALOG GROUP 0.53 0.060 3.360 13082.4 Across Asia, most markets regained some ground after
HARTALEGA 0.52 0.100 5.200 3723.3 being sold down on Monday due to US President Donald Top gainers and losers - warrants (ranked by%age)
TOP GLOVE CORPORATION 0.44 0.110 5.050 11728.6 Trump’s trade restrictions on China’s Huawei stoking fears
PUBLIC BANK 0.36 0.060 22.480 5351.7 UP CHANGE DOWN CHANGE
NESTLE (M) 0.29 0.800 146.300 111.5
over the trade war between both countries, Reuters reported. CLOSE (%) CLOSE (%)
PRESS METAL -0.25 -0.040 4.260 793.9 — by Samantha Ho FBMKLCI-C5V 0.010 100.00 PMETAL-C18 0.015 -87.50
CIMB GROUP -0.30 -0.020 5.140 7001.6
World equity indices SUPERMX-C55 0.030 50.00 IJM-C21 0.015 -66.67
PETRONAS GAS -0.31 -0.100 16.520 1035.4 TOPGLOV-C54 0.120 33.33 TENAGA-C50 0.005 -66.67
SIME DARBY -0.32 -0.030 2.170 5271.8 CLOSE CHANGE CLOSE CHANGE GPA-WA 0.065 30.00 YINSON-CT 0.015 -62.50
MALAYSIA AIRPORT -0.52 -0.200 7.030 2328.0
DOW JONES 25,877.33 197.43 INDONESIA 5,939.636 -11.736 SUPERMX-C56 0.105 23.53 HSI-H6K 0.025 -50.00
GENTING MALAYSIA -0.65 -0.070 3.070 6321.4
S&P 500 2,864.36 24.13 JAPAN 21,283.37 10.92 SUPERMX-C66 0.105 23.53 PDZ-WB 0.005 -50.00
GENTING -0.72 -0.120 6.380 3221.6
NASDAQ 100 7,464.00 87.30 KOREA 2,064.86 3.61 MTRONIC-WA 0.030 20.00 HSI-C5E 0.055 -45.00
DIGI.COM -0.97 -0.080 4.570 4025.3
FTSE 100 7,310.88 42.25 PHILIPPINES 7,815.07 93.51 DIALOG-C37 0.030 20.00 GENM-C51 0.045 -43.75
IHH HEALTHCARE -2.18 -0.160 5.300 9740.8
AUSTRALIA 6,510.70 10.60 SINGAPORE 3,183.14 -0.12 RHBBANKC12 0.095 18.75 FBMKLCI-C5Q 0.030 -40.00
SUB-TOTAL -2.32
CHINA 2,891.70 -14.27 TAIWAN 10,457.22 -7.28 FGV-C63 0.165 17.86 DGB-WB 0.010 -33.33
OTHERS 0.70
HONG KONG 27,705.94 48.70 THAILAND 1,626.91 16.42 RHBBANKC13 0.100 17.65 INARI-C35 0.030 -33.33
GRAND TOTAL -1.62
INDIA 39,110.21 140.41 VIETNAM 983.78 -2.51 SOLUTN-WA 0.035 16.67 MI-CF 0.010 -33.33
* How stock price changes affected the index on the previous trading day

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