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TUESDAY, SEPTEMBER 1, 2015

|
FBM KLCI 1612.74
11.04
CPO RM1994.00

|
KLCI FUTURES 1612.00
6.50
|
69.00
OIL US$48.72
1.33

STI 2921.44
34.50
|
GOLD US$1132.70

RM/USD 4.1920
0.80

be
bscri .theed
su

SAM FONG

Volatility to
return to Bursa

rkets.com
ma
e
g
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NOW!

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RM30

(or more if you like)

CORPORATE
& MARKET

More aordable
bets draw
foreign patrons
to Genting
Highlands
CORPORATE
& MARKET

Manufacturers
turn to property
to reverse
fortunes
CORPORATE
& MARKET

TUESDAY, SEPTEMBER 8

ANA ends hiatus


with new route
from Tokyo

PARAMOUNT
PUTS NEW
PROJECTS
ON BACK
BURNER
Developer is keeping its
sales target of RM400m
for 2015. Chester Tay
has the story on Page 4
4..

The
16
9
Bersih 4 peaceful
countdown
due to police
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digMerdeka
lifestyle
Thiscelebrate
GENERAL
NEWS

FOCUS

Jerey Chew
Sun Teong

FinancialDaily_70x262mm_h_2015_0608_Timeterkker_Eng.ai 1 6/8/2015 11:32:00 AM

ddO21

www.theedgemarkets.com

TUESDAY, SEPTEMBER 1, 2015

|
FBM KLCI 1612.74
11.04
CPO RM1994.00

|
KLCI FUTURES 1612.00
6.50
|
69.00
OIL US$48.72
1.33

STI 2921.44
34.50
|
GOLD US$1132.70

RM/USD 4.1920
0.80

be
bscri .theed
su

SAM FONG

Volatility to
return to Bursa

rkets.com
ma
e
g
Subscribe

NOW!

3 months for

RM30

(or more if you like)

CORPORATE
& MARKET

More aordable
bets draw
foreign patrons
to Genting
Highlands
CORPORATE
& MARKET

Manufacturers
turn to property
to reverse
fortunes
CORPORATE
& MARKET

TUESDAY, SEPTEMBER 8

The
countdown 9
begins, way to
foster healthy
lifestyle

ANA ends hiatus


with new route
from Tokyo
GENERAL
NEWS

PARAMOUNT
PUTS NEW
PROJECTS
ON BACK
BURNER
Developer is keeping its
sales target of RM400m
for 2015. Chester Tay
has the story on Page 4.

16

Bersih 4 peaceful
due to police
tolerance
FOCUS

20

Malaysians
celebrate Merdeka
Jerey Chew
Sun Teong

FinancialDaily_70x262mm_h_2015_0608_Timeterkker_Eng.ai 1 6/8/2015 11:32:00 AM

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

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Acting CEO
Benyamin
explains AAXs
ctitious
transactions

RHB rules
out M&A with
AMMB

The Edge Markets Sdn Bhd


(1104546M)

Level 3, Menara KLK, No 1 Jalan PJU 7/6,


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Editorial
For News Tips/Press Releases
Tel: 03-7721 8219 Fax: 03-7721 8038
Email: eeditor@bizedge.com
Senior Managing Editor Azam Aris
Executive Editors Kathy Fong,
Jenny Ng, Siow Chen Ming,
Surinder Jessy, Ooi Inn Leong
Associate Editors R B Bhattacharjee,
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US preparing
China sanctions
To target Chinese firms that profit from cyber attacks
WASHINGTON: The United
States is drawing up economic sanctions to target Chinese
firms and individuals that profited from cyber attacks on American targets, the Washington Post
reported yesterday.
The report, citing administration officials, said President
Barack Obamas government has
not yet decided whether to put
the sanctions in place but is now
preparing the ground.
Any move by the worlds biggest
economy to punish the second
largest could have global political
and economic consequences and
would likely trigger retribution.
And it will be all the more controversial in the run-up to next
months much-anticipated state
visit to Washington by Chinas
President Xi Jinping.
It sends a signal to Beijing
that the administration is going
to start fighting back on economic
espionage, an unnamed US official told the Post. It tells China,
enough is enough. The worlds
economic giants have deep eco-

Move will be all the more controversial


in the run-up to next months muchanticipated state visit to Washington by Xi.

nomic ties but a tense relationship.


The US is an ally of Taiwan, which
Beijing sees as a renegade province,
and sides with Beijings Asian neighbours in territorial disputes over sea
lanes and island chains.
But the immediate cause of the
sanctions threat, according to the
Post, is Washingtons anger over a
series of alleged cyber attacks on US
companies and government agencies.
In May, US prosecutors un-

sealed indictments levelling spying charges against five Chinese


military personnel they believe
hacked into US networks to profit
Chinese firms.
The sanctions, if they come
about, would be designed to
counter the unfair advantage
Washington fears Beijing has developed by illegally gathering US
economic intelligence.
But there is also deep concern
here about a series of hacks apparently aimed at gathering political intelligence, some of them
blamed on hackers with Chinese
or Russian links.
Yesterday, citing US intelligence officials, the Los Angeles
Times said Russian and Chinese
foreign spy services are cross-indexing hacked databases to identify American agents.
Recent breaches of US federal
government personnel files and
email systems, when combined
with private data such as medical record and airline bookings,
could leave US spies exposed.
AFP

Slowing growth exposes Chinese banks


BY P ETER THAL LARS E N

HONG KONG: Chinas economic


slowdown is exposing the debt debris in its banking sector.
Dodgy credits on the balance
sheets of the countrys four biggest lenders jumped by 28% to 592
billion yuan (RM388.54 billion) in
the first half of the year. Further
deterioration would send earnings
growth into reverse.
Bad debts are already eating into
profitability. Increased provisions are
the main reason why Chinas big four
banks reported little or no growth in
pre-tax profit in the first half.
Industrial and Commercial Bank
of China, China Construction Bank,
Bank of China now classify more than
1.4% of their loans as non-performing.
Eighteen months ago, the ratio
was around 1%. At Agricultural
Bank of China the ratio jumped to

1.83%, from 1.2% at the end of 2013.


Turn over a few stones, however,
and the situation looks more serious. Banks are topping up loan-loss
reserves at a slower rate than new
questionable credits are piling up.
In the first half, total allowances for doubtful debts rose by 5% to
1.11 trillion yuan.
As a result, the ratio of baddebt reserves to soured loans has
dropped below 200% for three of
the four big banks.
At Bank of China, the ratio at
the end of June was 157% close
to the 150% minimum required by
regulators.
Its true that Chinese banks reported bad debt ratios are still relatively
low, and reserves are higher than for
many big international rivals.
Regulators could allow lenders to tap into their stock of provisions especially as the govern-

ment effectively guarantees all big


state-controlled banks.
Nevertheless, the mounting bad
debt problem will weigh on earnings. If the four banks had topped
up provisions to keep the ratio of
reserves to bad debts stable, their
first-half pre-tax profit would have
fallen 30% or more.
Investors have been expecting
this problem. Shares in the big four
banks currently trade at around 90%
of book value, according to Eikon.
This reflects nervousness that
they will be responsible for cleaning
up the wreckage from Chinas credit boom. Even so, before the latest
results came out, the consensus
among analysts was that pre-tax
profit at the big four lenders would
keep growing for the next few years.
Barring a sudden economic revival, that now looks optimistic.
Reuters

IN BRIEF
Price of fuel down today
KUALA LUMPUR: Petrol and
diesel prices will drop by 10
sen and 15 sen per litre in September, a news portal has reported. The Star online quoted
Petron Petrol Dealers Association president Datuk Alang
Zari Ishak as saying that the
prices of both RON 95 and
RON97 petrol have been set
at RM1.95 and RM2.35 per litre, down 10 sen from prices
last month. The report said the
price of diesel will be RM1.80
per litre, down 15 sen from
RM1.95 previously.

Macau GDP contracts


26.4% on casino slump
HONG KONG: Macaus economy dipped to its lowest since
2011 as high-end gamblers
avoided the worlds largest casino market amid a widening
crackdown on graft in China.
The city where gambling accounts for four-fifths of economic output saw gross domestic
product (GDP) tumble 26.4%
in the last quarter, according
to government data released
yesterday. The drop worsened
from 24.5% in the first quarter.
The decline would take Macaus
GDP to about 77.5 billion patacas (RM40.66 billion) at constant
prices, making it the weakest
since early 2011. Bloomberg

Dubai gold retailer


defaults on US$136m
ABU DHABI: A Dubai-based
gold and jewellery retailer has
defaulted on loans worth about
500 million dirhams (US$136
million or RM571 million),
with banks considering options
including legal action to retrieve
the money, four banking and
trade sources told Reuters.
The non-payment by Atlas
Jewellery, which has more than
50 branches across the Gulf and
in India, affects at least 15 banks,
the sources said on condition of
anonymity. Reuters

Greece to lift
short-selling ban
ATHENS: Greece will not extend a short-selling ban on
stocks that expired on Aug 31,
an official at the countrys securities regulator told Reuters
yesterday. The ban went into
effect when Athens imposed
capital controls on June 29 and
was extended until the end of
August. Trading on the Athens bourse was suspended in
late June for five weeks as part
of capital controls imposed to
stem a debilitating outflow of
deposits. Reuters

Petronas eyes gas exploration venture in Venezuela, Trinidad and Tobago


KUALA LUMPUR: Petroliam Nasional Bhd may positively consider
participating in joint gas explorations at the border areas of Venezuela, Trinidad and Tobago, Foreign Minister Datuk Seri Anifah
Aman said.
He said this would hinge on an
invitation from Venezuela, Trin-

idad and Tobago, and whether


the conditions and terms were
favourable.
The matter was discussed when
Anifah made a courtesy call on his
counterpart, Delcy Rodriguez, during his working visit to Venezuela
last Wednesday and Thursday.
The Malaysian state-owned oil

and gas company was looking positively at the sharing of experiences


and expertise, Wisma Putra said.
Meanwhile, Reuters reports from
New York that the US government
yesterday released new data on domestic oil production for the first
half of this year based on improved
methodology, showing output was

as much as 130,000 barrels per day


(bpd) lower than first estimated.
The Energy Information Administration said its new, survey-based
production data showed the country pumped 9.3 million bpd in
June, down 100,000 bpd from a
revised May figure. Reuters/
Bernama

T U E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

4 C O R P O R AT E & M A R K E T

Paramount puts new


projects on back burner
Developer is keeping its sales target of RM400m for 2015
BY C H ESTER TAY

KUALA LUMPUR: Paramount


Corp Bhd has put its greenfield
property projects on the back
burner amid weak market conditions, its group chief executive
officer (CEO) Jeffrey Chew Sun
Teong said, but it will continue
to roll out new phases of existing
projects.
The property developer will defer the launch of its new projects
in Section 13 (Petaling Jaya), Batu
Kawan (Penang) and Jalan Goh
Hock Huat in Klang (Selangor).
We are more concerned
about new projects. As such, we
have decided to hold back on
launching new projects, except
that in Salak Tinggi, Sepang,
Chew told the digitaledge DAILY in an interview last week.
For those projects that we
have already mobilised [resources], there is no point holding back
because it will create a lot of inconveniences, he said.
The group is planning to launch
part of its second township development in the Klang Valley on
237.3 acres (96.03ha) of land in
Salak Tinggi by year end, which
has an estimated gross development value of up to RM1.2 billion.
The reason why we are still
confident of [rolling out the new
project in] Salak Tinggi is because
prices of the homes there are set
to be affordable. Secondly, it is a
landed development and hence,

the risk and cash flow requirement


are different from that of mixeduse developments, he explained.
Mixed-use developments have
longer gestation periods, Chew said,
adding that these could cause cash
flow stress and lower profit margins
arising from more interest costs.
We will offer landed homes [in
Salak Tinggi] priced at RM500,000
and below. We want to try to target
the right segment with the right
products. I think we still have a good
chance of achieving our budgeted
sales [of RM400 million] for the
year, he added.
Nevertheless, Chew said Paramount had the ability to hold back
the launch of its greenfield projects
as the leverage ratio of its balance
sheet was at a low 0.26 times as
at June 30. It sits on a cash pile of
RM145.38 million.
With fewer projects expected in
the launch pipeline, the property
developer is still determined to meet
its sales target of RM400 million for
this year. Year to date, it has achieved
new sales of RM278 million.
We are not targeting a RM4 billion sales turnover, but only RM400
million. In that sense, we are not
very big, which is actually quite
beautiful, said Chew.
Still, Chew conceded that property sales had fallen 30% year-onyear in July and August.
We do see a shift in sentiment.
People are holding back spending
on big-ticket items, preferring to

wait and see, he said.


Paramount is set to roll out
RM200 million worth of new launches this year, out of which RM98
million will come from its existing
Paramount Utropolis @ Glenmarie
development in Shah Alam, Selangor, while another RM40 million will
come from its Salak Tinggi project.
The group posted a marginal drop of 1.3% in net profit to
RM37.25 million for the six months
ended June 30, 2015 (1HFY15), from
RM37.74 million a year ago, due to
losses of KDU University College
stemming from depreciation charges and interest costs of the new
campus in Utropolis, Glenmarie,
which opened in January. Revenue
for 1HFY15, however, grew 20.8% to
RM280.26 million from RM232.02
million in 1HFY14.
Chew said despite market challenges, the group is still confident
of doing better this year compared
with FY14.
Chew in January warned that
this year would be as challenging as
2014, since demand had moderated
in the higher-end property market.
Although demand in the affordable
home segment remains strong, he
noted that it is suffering slight impact
from stricter financing guidelines.
It is very difficult to predict
whether the current market conditions will persist in the next few
months, he said.
Chew, who formerly served as
CEO and a director of OCBC Bank

Paramount sees spike in local


student intake on weak ringgit
BY C H E S T E R TAY

KUALA LUMPUR: Property and


education group Paramount
Corp Bhd expects the weak
ringgit to boost the intake of
local students at its KDU University College this month.
Its group chief executive officer Jeffrey Chew Sun Teong
said as a result of the weakening ringgit, parents may opt to
send their children to pursue
twinning programmes at local
universities rather than send
them overseas.
However, its too early for
us to see any impact. We may
see the shift happening during the September or January
intake if the ringgit continues
to slide, he told the digitaledge
DAILY in an interview.
Still, Chew believes that the
weakening ringgit has a neutral
impact on the education sector.
I think definitely it has become cheaper for international
students [to study at local universities]. Nevertheless, Malaysias tertiary fees have never been their major concern,
(M) Bhd before taking up his current post, believes it is crucial for
the government to initiate policies
that will promote more private
consumption in the economy, including the property sector.
If that does not happen, the
economy will probably slow down
in the fourth quarter, and by the
first quarter of next year, we will
probably go into a recessionary
mode, he warned.
If you look at property development alone, it may not be a very big
contributor to the countrys gross
domestic product, but the supporting and services industries that are
linked to property development can
be quite huge, he added.

More aordable bets draw foreign patrons to Genting Highlands


BY GHO C H EE Y UAN

KUALA LUMPUR: Genting Malaysia Bhd (GenM) is expected to be a


winner of the weak ringgit as bets on
the hilltop casino have become even
more affordable for foreign patrons
coming from neighbouring countries.
Kenanga Investment Bank gaming analyst Teh Kian Yeong opined
that more Singaporeans would patronise the casinos in Genting Highlands, which translate into higher
hospitality revenue for GenM.
GenM may see an increase in
[the number of] Singaporean visitors, he told the digitaledge DAILY
over the phone, referring to the recent
strengthening of the Singapore dollar.
Teh said Singaporeans may opt
for Genting Highlands instead of
gambling at home, where there are
also two casinos, given the current
low exchange rate for the ringgit,
besides the casino entry levy being
imposed on Singaporeans.
On the other hand, he expects
Singaporean casino patrons trips to

the north will eat into the two casinos earnings in the republic one
being Genting Singapore plc (GenS).
The Singapore government imposes a casino entry levy of S$100
(RM297) per 24-hour period, or
S$2,000 for a one-year pass on Singapore citizens and permanent
residents, to discourage them from
gambling.
Another gaming analyst said
GenM, which operates casinos in
the United States and the United
Kingdom, would recognise higher foreign exchange gains from its
overseas operations.
Not only that, many Malaysians
who gamble in Cambodia and [the]
Philippines are likely to return to
Malaysia as casinos there are using
US dollars, he said.
TA Securities analyst Tan Kam
Meng concurred that the weaker ringgit is positive for GenM, as
Genting Highlands generates 75%
of its income from the domestic
market, with the remainder from
tourists and Singaporeans.

In its latest quarterly results,


GenM (fundamental: 2.4; valuation: 0.8) posted a 9.24% drop in net
profit to RM230.92 million or 4.07
sen a share for the second quarter
of financial year 2015 (2QFY15),
compared with RM254.43 million
or 4.49 sen a share last year.
This was due to higher pre-opening expenses for both Resorts World
Birmingham in the UK and the
Genting Integrated Tourism Plan
development at home. In addition,
the group incurred higher depreciation and amortisation charges.
Quarterly revenue, however, grew
4% to RM1.98 billion from RM1.91
billion a year earlier on better contribution from the US operations.
Having said that, Genting Bhd
may see some impact from the fluctuation in the currency as a substantial portion of its earnings are
derived from its Singapore unit.
However, analysts said the weakening ringgit would have a negative
impact on Genting, but not overly
material as it would be partially off-

set by better performance of GenM.


GenS prospects are also not
promising, given the decline in visitor arrivals in [the] high roller segment from China said Teh, referring
to the Chinese governments crackdown on corruption, which threatens casino business in the region.
Furthermore, the devaluation
of [the] yuan will also impact GenS
earnings going forward [as it becomes
more expensive to gamble in Singapore] China visitors contribute
significantly to the group, he added.
Resorts World Sentosa in Singapore was hit by unfavourable
global VIP premium business and
a rolling win percentage.
In its latest quarterly results, Singapore-listed GenS swung to a net
loss of S$16.93 million for 2QFY15,
due to a downturn in the gaming
industry in Asia.
It posted a net profit of S$102.29
million a year ago.
Revenue for 2QFY15 fell 23%
to S$578.15 million from S$751
million in 2QFY14.

[but] rather it is other factors


such as immigration laws and
[the] quality of education here,
he said.
Chew is of the view that the
government can take advantage of the weaker ringgit by
streamlining its immigration
process to make the country
more attractive to international
students.
Paramounts property development business accounted
for 74% of the groups revenue
for the six months ended June
30, 2015, while its education
segment contributed the remaining 26%.
We have always viewed the
education business as [a] very
resilient one, in the sense that
it is recession-proof. We also
hardly have any bad debts as
students are required to pay
before a course begins, said
Chew.
He added that with these
two businesses, Paramount is
in a good position to withstand
any economic turbulence.
Paramount (fundamental: 1.4;
valuation: 2.6) shares closed up
three sen or 2.03% to RM1.51 last
Friday, with a market capitalisation of RM637.62 million.
The Edge Researchs fundamental
score reflects a companys profitability and balance sheet strength,
calculated based on historical
numbers. The valuation score determines if a stock is attractively
valued or not, also based on historical numbers. A score of 3 suggests
strong fundamentals and attractive
valuations. Go towww.theedgemarkets.com for more details on
a companys financial dashboard.

Genting Malaysia Bhd


Vol (mil)

RM
5

35
30
25
20

4
15

RM3.96

10
5

Dec 31, 2014

Aug 28, 2015

For the whole group, Gentings


(fundamental: 2.1; valuation: 1.4)
net profit slipped nearly 82% to
RM67.91 million or 1.83 sen per
share, no thanks to a RM380 million loss stemming from portfolio investment in Singapore and
impairment.
Quarterly revenue was slightly
lower at RM4.17 billion against
RM4.41 billion a year ago, due to
lower contributions from GenS,
as well as its plantation and property divisions.

T U E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

6 C O R P O R AT E & M A R K E T

Volatility to return to Bursa


External factors will dictate market direction, say analysts
BY GHO C H EE YUAN

KUALA LUMPUR: After last weeks


rebound with four consecutive days
of gain, Bursa Malaysia is likely to
see the return of volatility in the
near term, according to analysts,
adding that external factors would
dictate the market direction.
The local bourse is expected to
trend in tandem with the regional
markets that would take the cue
from the performance of Wall Street,
said a fund manager, noting that
the same slew of factors, namely
guess the timing of the United
States interest rate hike, the health
of Chinas and the global economy,
as well as crude oil prices.
Most Asian markets closed lower yesterday with the Shanghai
bourse leading the drop amid talks
that the Chinese government might
end its intervention to stem the fall
in the equity markets there.
The Financial Times reported
over the weekend that the Chinese

authorities would stop its share


purchase, which had sparked some
panic selling.
Dealers expect profit-taking to
set in when Bursa resumes trading today after the long weekend
National Day break.
CIMB research head Terence
Wong expects the FBM KLCI to
remain volatile during the current
quarter and that selling pressure
may re-emerge. It (KLCI) is likely to recover in the fourth quarter
when all the bad sentiments are
countered in, he said.
Commenting on the recently
concluded results season, Wong
said the earnings numbers were
mildly disappointing. So far,
the numbers are not severely disappointing; it is just mildly disappointing. Although there will
be some revision in earnings per
share, the set of results were not
too bad, he said.
RHB Research head of research
Alexander Chia said the direction

FBM KLCI

Ringgit vs USD
Index

1900

RM

4.5

1800

4.2

1700

3.9

RM4.199

3.6

1600

1612.74
3.3

1500

Dec 31, 2014

Aug 28, 2015

of the key index is still much dependent on the movement of crude


oil prices. The index will track the
oil price and they are correlated,
he said.
Chia said the market is still lacking a catalyst, while the domestic
and external headwinds remain.
The KLCI closed in positive
territory for the fourth consec-

Dec 31, 2014

Aug 28, 2015

utive day after the local bourse


slipped into an oversold position.
The benchmark managed to climb
above the 1,600 level to close at
1,612.74 points last Friday as local
institutional funds started nibbling
on stocks that have been battered
down lately.
Commenting on this, Malacca
Securities Sdn Bhd technical an-

alyst Loui Low said the key index


is likely to trade higher in the next
two weeks as the technical chart
indicates that the KLCI has entered
into a short-term correction period.
The five-minute chart is showing some divergence signals. Once
it crosses over the 1,600 level, then
we are due for a correction.
There is also a mild correction
at the 30-minute chart, so we are
looking at a short-term correction,
he told the digitaledge DAILY over
the phone.
Although there will be some
profit-taking activities taking place
in the next two weeks, he said the
profit-taking should be more to
the healthy side and would be for
two or three days.
With the bullish signs, he expects
the KLCI may rise as high as 1,660.
But should it breach the 1,600
level, then it may dive to a low of
1,560. If the immediate support
level is crossed, then it may fall
further to 1,500, he explained.

Weak commodity prices cushion adverse impact of soft ringgit


THE EDGE FILE PHOTO

BY C H ESTER TAY

KUALA LUMPUR: The depreciation


of the ringgit, the sharpest since the
1997/98 Asian financial crisis, has
drawn investment money seeking
shelter in export-oriented companies, such as the furniture and glove
makers or the semiconductor firms
that are earning US dollars.
On the flip side, companies
whose products have a high imported content are falling out of favour
as some of their share prices are
being hammered as the local currency slides against the greenback.
But the adverse impact of the
weak ringgit may not be as bad as
perceived, thanks to the commodity prices that are heading south as
well. For instance, airlines with low
jet fuel and consumer goods are
benefiting from the falling input
costs, although they are imported
content.
Nonetheless, the auto sector is
not as fortunate ... likewise companies that have high foreign borrowings but earn local revenue.
Basically, we found that there
are four sectors that will be the
losers of a weak ringgit. [They are
the] automotive, consumer, airline
[sectors], and those with foreign
currency borrowings. But [the] impact on [the] consumer and airline
[sectors] is lesser due to low raw
material prices, CIMB Research
head of Malaysia research Terence
Wong told the digitaledge DAILY.
Year to date (YTD), the value of the
ringgit has weakened over 19.41% to
4.1990 against the US dollar.
Wong cited AirAsia Bhd as an
example, saying that although the
low-cost airline needs to import

Wong: Like AirAsia X, it earns foreign currency-denominated revenue, so it can use the (foreign currency) revenue to pay its foreign debts.

jet fuel, which is denominated in


US dollar, but crude oil prices have
been heading south since June 2014.
Last week, Brent crude fell as
low as US$42.69 (RM179) per barrel
on Monday amid growing concern
over the decelerating economic
growth in China the worlds second-biggest economy in addition to the expected increase in oil
production. But the crude prices
rebounded later, heading to the
US$50 level.
Soft commodity prices aside,
Wong said that natural hedge is
another advantage to mitigate the
impact from a weakening currency.
Like AirAsia X [Bhd], it earns
foreign currency-denominated
revenue, so it can use the [foreign
currency] revenue to pay its foreign
debts, he explained.
Meanwhile, companies such
as Berjaya Food Bhd, in which the
bulk of its revenue is derived from

the Starbucks caf chain, would


not see a significant impact on
its bottom line due to higher input costs resulting from importing
coffee beans.
Only about 30% of Berjaya
Foods cost of sales is due to the
purchases of coffee beans, plus
the prices of coffee beans globally
have been coming down as well,
so I dont expect there is a significant impact on it, RHB Research
analyst Ahmad Shahir said when
contacted.
According to Bloomberg data,
benchmark one-month coffee contract prices have fallen over 24%
YTD to US$1.21 per British pound.
Dutch Lady Milk Industries
Bhd saw its net profit doubled
to RM48.7 million for the financial quarter ended June 30, 2015,
against RM24.2 million a year ago.
The dairy firm attributed the improved earnings to favourable raw

material costs.
In its latest results announcement, Nestle (M) Bhd also noted
a favourable trend in some of the
raw materials consumed that have
positively contributed to a lower
cost of sales.
Hong Leong Investment Bank
Research head of research Low
Yee Huap pointed out that Tenaga
Nasional Bhd (TNB) is an example
of low commodity prices helping
to mitigate the adverse impact of
high foreign debts as a result of a
soft ringgit.
Take Tenaga [Nasional Bhd]
as an example, it took up foreign
currency debts as well, but its situation is not as bad because coal
prices have come down as well,
Low said when contacted through
the phone.
As at May 31, TNBs foreign currency debt stood at RM4.6 billion.
The groups total borrowings were

RM24.07 billion, of which RM1.14


billion were short-term debts.
Bloombergs data reveals that
benchmark European one-year coal
contract prices have fallen 19.24%
since the beginning of this year to
US$53.1 per tonne last Thursday.
Nonetheless, the industry that
has to bear the brunt of a softening
ringgit is the automotive sector.
Counters like UMW [Holdings
Bhd] and Tan Chong [Motor Holdings Bhd] will be affected, as they
need to import their cars and vehicle parts, RHB Research chief
economist Lim Chee Sing told the
digitaledge DAILY when contacted.
In its latest quarterly results ended June 30, 2015, UMW Holdings
net profit fell nearly 52% to RM68.4
million, from RM141.96 million a
year ago. The group blamed it on
the weak ringgit that had affected
its operating costs and profit margins in the auto division.
CIMBs Wong also commented
that other than UMW Holdings and
Tan Chong, the weakening ringgit
also is affecting Berjaya Auto Bhd
and DRB-Hicom Bhd.
This is because the costs of Berjaya Autos completely built-up cars
are denominated in yen, which
has strengthened over 19% against
the ringgit since the beginning of
this year.
Similarly, DRB-Hicom also has
foreign currency cost exposure on
its distribution of Honda vehicles,
according to Wong.
DRB-Hicom slipped into a net
loss of RM19.72 million in the first
quarter ended June 30, 2015, from a
net profit of RM107.84 million a year
earlier, dragged by lower sales of motor vehicles in the current quarter.

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

C O R P O R AT E & M A R K E T 7

Manufacturers turn to
property to reverse fortunes
PRG recognises that the sector is cyclical and catching the right wave is important
BY C H EN SHAUA FUI

KUALA LUMPUR: Faced with


shrinking margins and market
share in an increasingly competitive environment, more and more
listed manufacturers are shifting
their focus to the property development business to reverse their
fortunes.
This year alone, three manufacturing companies Amalgamated
Industrial Steel Bhd, Takaso Resources Bhd and Khind Holdings
Bhd have forayed into property development despite a softer
market.
Their entry comes on the heels
of furniture component maker PRG
Holdings Bhd and garment manufacturer Yong Tai Bhd, which had
diversified into the property sector
last year and launched their maiden projects.
However, not all will be hits.
CIMB Investment Bank head
of equity research Terence Wong
believes this is not a good strategy as the new business will dilute
the manufacturers core business,
which may not be what investors
want.
He cited Mah Sing Group Bhd
as the only company that has so far
successfully transformed from a
plastic product manufacturing outfit into the countrys second-largest
property developer by sales.
Wong noted that in the current
business environment, it is difficult
to replicate Mah Sings success as
the market already consists of many
established players that are big in
size and can launch many projects
at one go.

He added that the cost of land


banking has become too expensive as the value of land has shot up
compared with a decade ago. This
makes the entry cost higher for the
new players.
Wong pointed out that the property development business is capital
intensive with inherent risks, and
property players need to have sufficient cash flow to weather the fluctuations in the market, particularly
when the take-up of their launches
is not as good as expected.
For example, if you sell landed
link houses, you can launch them in
small batches, lets say 200 units. But
for a condominium project of 1,000
units, you have to launch it in one go.
A developer will only break even
if it manages to sell 60% to 70% of
its project. If their cash flow is insufficient, they will have difficulty
[starting the project] because they
will still need to find financing for
the remaining portion, he added.
Wong is of the view that a viable
strategy for manufacturers entering
the property sector is to set up joint
ventures (JV) with their more established counterparts and let the latter
manage the projects.
PRG chief executive officer (CEO)
of property and construction Steven Hooi said the groups move into
property development was a strategic
decision for the long term, to grow its
balance sheet and earnings.
He noted that property development is a dynamic sector, which traditionally provides high growth potential and good returns on investment.
However, we recognise that the
property sector is cyclical and catching the right wave is important.

Wong says that the cost of land banking


has become too expensive as the value
of land has shot up compared with a
decade ago. Photo by Kenny Yap

The current soft property market


is an opportunity and time for us to
seek out new property projects to
build our pipeline so that we are ready
when the market recovers, Hooi told
digitaledge DAILY.
PRG diversified into the property sector in April last year. Its maiden project: Two blocks of mid- to
high-end condominiums dubbed
Picasso Residence in Kuala Lumpur, was launched on March 28 this
year, in a JV between its subsidiary
Premier Gesture Sdn Bhd and Almaharta Sdn Bhd.
Hooi said the group has seen
reasonable take-up rate from the
project.
Despite uncertainties in the market now, Hooi believes that there is
room for different market segments
that still command reasonable demand, such as landed double-storey
terrace houses, condominium units
costing below RM600,000, and affordable housing under Perumahan

Rakyat 1Malaysia (PR1MA).


He said the company is currently exploring opportunities to work
with PR1MA, but nothing has been
confirmed.
The current market outlook is not
as bad as it seems. Both developer
and purchaser with strong holding
power will see through the current
weak ringgit and political situation
in the country, Hooi added.
PRG returned to the black in the
six months ended June 30, 2015 with
a net profit of RM1.16 million compared with a net loss of RM1.22 million a year ago.
For Yong Tai, its venture into property development has also brought
the garment manufacturer back to
the black. For the financial year ended June 30, 2015 (FY15), it registered
a net profit of RM7.75 million compared with a net loss of RM7.27 million in FY14.
Yong Tai CEO Ng Jet Heong said
its textile manufacturing business
had been making losses for years
due to stiff competition, particularly
in China and Vietnam.
The group in April 2014 collaborated with Melaka-based PTS Properties Sdn Bhd to build a 29-storey
luxury condominium hotel called
99 Residences. The units have been
fully taken up.
Our financial results are testimony to the right decision made to
diversify into property development.
We found potential in this sector and
shall continue to focus on this area,
Ng told digitaledge DAILY in an email.
However, Yong Tai is aware that
the diversification has its risk.
The real challenge for us is how
to transform Yong Tai into a reputa-

ble developer and be recognised


by the public, Ng said.
Another challenge would be
the ability to secure land with good
prospects for Yong Tais future property development activities on its
own.
In line with this, the group had
recently signed Memorandums of
Understanding with five separate
companies, which will provide it
with five potential projects with
a combined gross development
value of approximately RM7 billion
over the next eight years, he added.
We recognise the market is
soft at this moment. After finalising and signing all the definitive
agreements recently, we still need
to apply and obtain approval from
various authorities. We believe by
then the market will rebound, Ng
added.
However, CIMBs Wong warned
that going into a sector when the
market is soft and believing that it
will rebound later, could be risky.
At the end of the day, it goes
back to the ability to sell. As long as
you can sell, you can generate cash
flow. But now, even some big developers ability to sell is not good.
This year is going to be a tough year.
If the company is new [to the
property sector], how will it attract
buyers? Wong asked.
Shares in PRG were untraded
last Friday. The stock closed up
8.47% at 64 sen last Wednesday, for
a market capitalisation of RM92.71
million.
Yong Tai shares, meanwhile,
settled 1.09% higher at 47 sen last
Friday, with a market capitalisation
of RM55.96 million.

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

8 C O R P O R AT E & M A R K E T

ANA ends hiatus with


new route from Tokyo
Daily non-stop service to start today with a Boeing 787 Dreamliner
BY A ZRI L A N N UAR

KUALA LUMPUR: All Nippon


Airways Co Ltd (ANA), Japans
largest air carrier by revenues and
passenger numbers, is returning
to Kuala Lumpur after a 13-year
hiatus, but this time around, it
will connect the Malaysian capital with Tokyo.
The airline will offer a daily,
non-stop service between the
two cities beginning today.
According to ANA senior marketing vice-president Kenya Inada, the airline will service the
route with a Boeing 787 Dreamliner, with a target load factor
of 70%.
The airline suspended its Kuala Lumpur-Osaka flights in 2002
following losses due to low passenger load.
Inada is optimistic the new

Kuala Lumpur-Tokyo route will


be viable as it looks to fill the vacuum from North America to Kuala
Lumpur left by Malaysia Airlines
(MAS), which had pulled out of
the market last year to focus its
attention on Asia.
What we have seen since 2013,
is that the number of Japanese passengers travelling from Japan to
Kuala Lumpur has grown by 10%
per year, he told digitaledge DAILY
in an interview.
By tapping into the traffic from
North America, we expect that the
number of travellers [coming to
Malaysia] will increase by more
than 15% per year, he said.
Inada noted that currently, passengers bound from North America to Kuala Lumpur would make a
transit stop at the airport in Hong
Kong, Seoul or Bangkok.
We think that with ANAs better

connectivity and time schedule offered to and from the 10 cities [ANA
flies to] in North America, we can
capture some of these Kuala Lumpur-bound transit traffic to make
a layover at Narita Airport (Tokyo)
instead, he said.
In the North American region,
ANA flies to Los Angeles, San Francisco, New York, Chicago, Houston,
Seattle, Washington DC, San Jose,
Honolulu and Vancouver.
On its Kuala Lumpur-Tokyo
flights, ANA will be competing
against MAS, AirAsia X Bhd and
Japan Airlines Co Ltd.
Inada said he is undeterred by
the competition on the route with
ANAs choice of flight schedules.
The Kuala Lumpur to Narita (flights) depart in the morning and arrive at Narita at 3pm.
Passengers can then make flight
connections to most of the cities

in the United States.


Likewise, the same connectivity works for those travelling from
North America to Kuala Lumpur.
This is the sort of connectivity not
offered by our competitors and we
are confident that the route will
be a profitable one, he explained.
Inada said another reason for its
decision to resume flights to Kuala
Lumpur follows the visa requirement relaxation for Malaysians to
Japan in 2013.
Since the move, we have seen
more Malaysians travelling to Japan
and vice versa, he said.
Citing data provided by the Japan National Tourism Organisation,
Inada pointed out that the number
of Malaysians visiting Japan rose
41% year-on-year (y-o-y) in 2014.
Between January and July this year,
the number rose by an additional
16% y-o-y.

Internal auditors to be agents of change for rms


BY SU PRI YA SU RENDRAN

KUALA LUMPUR: Internal auditors must step up their roles and


become agents of change to manage governance, risk and compliance (GRC) for organisations, said
Institute of Internal Auditors (IIA)
Malaysias newly-appointed president Datuk Shabaruddin Ibrahim.
Thats because the role of internal auditors has become even
more significant now, given the
weak global economic conditions.
Since the 1997-98 Asian financial crisis, the role of the internal
auditors has certainly advanced in
terms of scope, responsibilities and
value added to the organisations.
In fact, it is a requirement by Bursa Malaysia for listed corporations
to have an internal audit function
and that in itself is a big statement
on the importance of internal auditors, he told digitaledge DAILY
in an interview.
It was reported that listed local
companies will be facing greater
scrutiny in their financial operating
for audit periods ending Dec 15,
2016 (FY16) onwards, as The International Auditing and Assurance
Standards Board will be introducing
new and amended auditing standards, which include a revision in the
external auditors report to include
a key audit matters paragraph.
The internal auditors role will
be enhanced with this amendment
to the external auditors report, as
part of the external auditors role
is to have discussions with the internal auditors on internal control
issues facing an organisation, said
Shabaruddin.

There are pros and cons to outsourcing


the internal audit function. It may be
cheaper to outsource, but it is better
that the internal function comes from
within because then it becomes
embedded in the corporate culture
of an organisation

He also stressed that it is important for companies, especially


public-listed ones, to realise the
importance of having their own
in-house internal audit function.
There are pros and cons to outsourcing the internal audit function.
It may be cheaper to outsource, but
it is better that the internal function
comes from within because then
it becomes embedded in the corporate culture of an organisation,
said Shabaruddin.
According to the Analysis of Corporate Governance Disclosures in
Annual Reports 2012-2013 by Bursa
Malaysia, the regulator noted that it
is vital that listed companies have
a framework for internal auditors
to follow.
Where the summary of internal audit activities is concerned, it
is commendable that many listed
issuers disclosed that they have
adopted a risk-based approach
to internal auditing or have followed the globally recognised audit methodology, for example, the
International Professional Practices
Framework (IPPF), as the basis of

their internal audit work, stated


Bursa Malaysia.
On this, Shabaruddin said some
corporations had sought the advice of IIA Malaysia when it comes
to the scope of their internal audit work.
We do give corporations advice on internal control reporting,
based on the IPPF framework, the
challenge for corporations when it
comes to internal audit is the understanding of the internal control,
this is where IPPF comes into play
as it serves as a guide for the internal audit function,he said.
Shabaruddin , who was formerly
the group chief internal auditor of
Petroliam Nasional Bhd, stressed
that it is important that internal auditors begin to invest in themselves
as the function has become a vital
part of corporate governance.
He added that a setback that internal auditors have is that there is
no regulating body for the profession, such as the Malaysian Institute
of Accountants, which regulates the
accountancy profession.
On its part, IIA Malaysia has a

Inada is optimistic the new Kuala


Lumpur-Tokyo route will be viable.
Photo by Patrick Goh

Also, ANA flies to more than


10 cities in Asia and it would seem
strange if we do not fly to a big
city like Kuala Lumpur, he added.
Apart from Kuala Lumpur,
ANA is to launch a new route
from Tokyo to Brussels, Belgium
this month and Sydney, Australia
in December.
This year, ANA is expecting to
achieve a net profit of 52 billion
(RM1.79 billion) on revenue of
1.79 trillion. In 2014, ANA posted a group net profit of 39.239
billion and generated revenue of
1.7 trillion.

Green Packet
amends results,
net loss in 1Q
BY L E V IN A L IM

Shabaruddin said it is important that


internal auditors begin to invest in
themselves. Photo by Suhaimi Yusuf

professional development committee that organises training and


development programmes for internal auditors who are its members.
The institute is also organising a 2015 National Conference
on Governance Risk and Control,
which will be held on Sept 7 and
8. The two-day conference, which
is aimed at gearing practitioners
of governance, risk and control
to be more adept to the evolving
business landscape, will feature
discussions on governance issues
by industry experts such as Auditor-General Tan Sri Ambrin Buang
and winner of The Apprentice Asia
Jonathan Yabut.

KUALA LUMPUR: Green Packet Bhd said the high-speed Internet specialist made a net
loss of RM24.38 million in the
three months ended June 30,
2015, instead of a net profit as
previously reported.
Green Packet (fundamental:
1.1; valuation: 0.3) said this in
an amended announcement to
Bursa Malaysia last Friday. There
were no comparative figures
from a year earlier, as the company had changed its financial
year end from June 30 to Dec 31.
Last Thursday, Green Packet told the exchange that it registered a net profit of RM24.38
million. The next day (Aug 28), a
Green Packet spokesperson told
digitaledge DAILY that it was an
internal error made by the firm.
Green Packet shares closed
down 2.44% at 20 sen last Friday,
bringing a market capitalisation
of RM137.15 million.
The Edge Researchs fundamental
score reflects a companys profitability and balance sheet strength,
calculated based on historical
numbers. The valuation score
determines if a stock is attractively valued or not, also based
on historical numbers. A score
of 3 suggests strong fundamentals and attractive valuations.
Go to www.theedgemarkets.com
for more details on a companys
financial dashboard.

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

C O R P O R AT E & M A R K E T 9

The countdown begins, way to foster healthy lifestyle


The Edge Kuala Lumpur Rat Race 2015
collection (as at Aug 28, 2015)
AMOUNT (RM)

TOTAL TEAMS

Aberdeen Asset Management Sdn Bhd


18,000.00
Affin Hwang Asset Management Bhd *
66,000.00
Amundi Malaysia Sdn Bhd
18,000.00
Axis REIT Managers Bhd
18,000.00
BCG Sdn Bhd
18,000.00
BHIC Aeroservices Sdn Bhd
18,000.00
CIMB Investment Bank Bhd
32,000.00
18,000.00
Citibank Bhd
18,000.00
Credit Suisse Securities (Malaysia) Sdn Bhd
18,000.00
Deloitte
DKSH Malaysia Sdn Bhd
18,000.00
Eco World Development Group Bhd *
66,000.00
EY Malaysia
18,000.00
Feruni Ceramiche Sdn Bhd **
44,000.00
Fraser & Neave (Malaya) Sdn Bhd
32,000.00
Gamuda
32,000.00
Genting Malaysia Bhd
18,000.00
Glomac Bhd
18,000.00
Hartalega Sdn Bhd
18,000.00
IOI Group
32,000.00
Ireka Corp Bhd
18,000.00
K&N Kenanga Holdings Bhd
18,000.00
Khazanah Nasional Bhd
18,000.00
KNM Group Bhd
32,000.00
KPMG
18,000.00
Lafarge Malaysia Bhd
32,000.00
Land & General Bhd ****
18,000.00
Matrix Concepts Holdings Bhd **
44,000.00
Maxis Bhd
18,000.00
Maybank
54,000.00
d
MEASAT Broadcast Network Systems Sdn Bhd
18,000.00
Merchantrade Asia Sdn Bhd
32,000.00
Microlink Solutions Bhd
18,000.00
MKH Bhd
18,000.00
Naza TTDI Sdn Bhd
32,000.00
Nestl Products Sdn Bhd
18,000.00
PricewaterhouseCoopers (PWC) Malaysia
18,000.00
REDHA Youth
18,000.00
RHB Banking Group
44,000.00
S P Setia Bhd
32,000.00
Tanjong Management Services Sdn Bhd
18,000.00
The Edge Communications Sdn Bhd
44,000.00
Top Glove Corp Bhd
18,000.00
Trinity Group Sdn Bhd
18,000.00
Tropicana Corp Bhd
18,000.00
UDA Holdings Bhd
18,000.00
Vistage Malaysia Sdn Bhd ***
32,000.00
WCT Holdings Bhd
18,000.00
Total
1,240,000.00

1
6
1
1
1
1
2
1
1
1
1
6
1
3
2
2
1
1
1
2
1
1
1
2
1
2
1
3
1
4
1
2
1
1
2
1
1
1
3
2
1
3
1
1
1
1
2
1
79

COMPANY NAME

Matrix Concepts Holdings Bhd


Matrix Concepts Holdings Bhd has
always been serious about corporate
social responsibility and towards this
end, has set up independent charity
trust, Matrix Concepts Foundation.
Group managing director Datuk
Lee Tian Hock said the trust recently sponsored a 20-year-old girl diagnosed with hemiplegic cerebral
palsy for six months of physiotherapy at the NSCMH Medical Centre
in Seremban.
The trust is also considering a
yearly grant to a non-governmental
organisation in Negeri Sembilan that
offers cancer patients support.
For The Edge Kuala Lumpur Rat
Race 2015, the company returns as
the Gold Sponsor for the second year
running and it believes in the importance of education towards nation
building.
I strongly believe in contributing to sustainable economic growth
through education because a knowl-

edgeable population is essential to


shape the future of our country, said
Lee.
With this in mind, I wish to inspire the younger generation, especially the employees of Matrix
Concepts, and inculcate in them
the philosophy of giving back to
society through charitable deeds.
Running in The Edge KL Rat Race
is one such platform.
Lee, who has participated twice
in the race, said it has been an incredible experience. Having the
CEOs participate demonstrates the
enthusiasm and leadership in embracing this philanthropic initiative.
Like I said last year, the race and the
training leading up to it kept me in
good shape too.
This year, Matrix Concepts has
three teams running in the mixed,
open and senior categories while Lee
and Matrix Concepts director Datuk
(IR) Batumalai will be running in the
CEO category.

Matrix Concepts teams believe


the race will allow the staff to take
some time off their busy work schedules to recharge their batteries for
continuous productivity.
As Matrix Concepts is a Seremban-based company, we are somewhat new to many in the Klang Valley, one of the team members said,
adding that their previous experience
helped them foster closer ties with
others in the industry.
Not only did we meet many
familiar faces from the property
industry but we also got to know
people from other industries and
share the fun of a wet but definitely
great race together.
The teams are working out at the
dTempat Country Club in Bandar Sri
Sendayan. While many of the members started training at the gym more
than a month ago, some of them have
been swimming in the Olympic-sized
pool to build their stamina and endurance.

Naza TTDI Sdn Bhd


Naza TTDI Sdn Bhds team of five
employees will be gunning for glory
at The Edge Kuala Lumpur Rat Race
2015 for the first time. They are excited about the opportunity to run
in business attire.
Enforcement Department
(non-executive) Nor Hisham Nordin
says he was motivated to join the race
because he wanted to try something
new: running in work attire.
And I have never run in the Kuala
Lumpur city centre, he says.
Irsyad, an executive in the planning and development division, says
the race is unique as participants run
in work attire and carry business accessories.
It is an interesting event not

to be missed, he says.
Planning and development division senior manager Wong Yong Ang
says he runs every three days and he
is taking part in the race to maintain
good health and contribute to others
through charity.
Contracts Department senior ex-

ecutive Haslinda Che Hassan has


been working hard preparing for the
race, jogging after work, hiking mountains and taking aerobic classes.
She says she hopes Malaysians will
contribute their services and time if
they cant afford to give money to
charity.

quips. The participation of senior


management reflects the growing
desire of corporate leaders to do
their share of CSR, he adds.
The team also believes there is
no higher priority in life than good
health, and the race is a way to foster a healthy lifestyle among its employees.
We believe age and a busy work
schedule should not be excuses that
hinder us from leading a healthy
lifestyle and giving back to society,
a member of the team says.
Events such as the Rat Race pro-

vide an opportunity for senior management and executives to show


they are concerned about worthy
causes and that they are willing to
roll up their sleeves and get personally involved.
The team is excited to take part in
the run because of its carnival-like
atmosphere and the loud cheers
from supporters and cheerleaders
along the way.
Taking part in the race is all
about the camaraderie it helps to
foster between the runners, a team
member says.

Glomac Bhd
The Edge Kuala Lumpur Rat Race
is part of Glomac Bhds corporate
calendar it fits in with the companys corporate social responsibility
(CSR) programme and promotes
team spirit among participating staff.
A member of Glomacs team tells
digitaledge WEEKLY that as corporate leaders hit the tar road running
with other staff, it helps transcend
the organisations barriers.
It is also a great way to get all the
corporate ladder climbing leaders to
run, for once, instead of climb, he

* Part of Powered by and Partnered by


** Part of Gold Sponsorship Package
*** Part of Silver Sponsorship Package
**** Part of Bronze Sponsorship Package

1 0 P R O P E RT Y S NA P S H

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

Source: theedgeproperty.com

Puchongs story continues

Puchong non-landed residential average price

In recent years, Puchong has enjoyed its moment in the limelight.


Property prices here are more affordable than Petaling Jaya, and its
proximity to Putrajaya and Cyberjaya has expanded its sprawl. The
landscape here is less dense, with pockets of vacant land available for
larger scale projects. As a result, Puchong has been experiencing a boom
with ample opportunities for both buyers and developers alike. This
week, the spotlight falls on its non-landed residential properties.
Anchored originally by IOI Properties townships, the Puchong area is
vast and has seen the entry of many developers. For analytical purposes,
the boundaries of Puchong in this study span from Bandar Puchong Jaya
up to the Klang River in the north, to Taman Tasik Puchong and Taman
Putra Prima at the Air Hitam Lake down south. Bandar Kinrara, Bandar
Bukit Puchong and beyond have been excluded from this study.
Based on theedgeproperty.coms analysis of transactions, prices of
properties in Puchong grew substantially in 2012 2013. However, the
market softened slightly in 2014, with both growth of capital values and
transaction volume moderating.
The average transacted price per square foot (psf) rose 10.6% y-y to reach
an affordable level of RM334 psf in 3Q2014. In the preceding year, the
average price grew an impressive 21.4% y-y. Total transaction volume for
the 12 months to 3Q2014 declined 33.1% y-y from 1,576 to 1,054 units.
Future catalysts for Puchong would likely come with the LRT Extension
Project due in 2016. With 8 new stations joining the Sri Petaling to the
Kelana Jaya LRT lines at Putra Heights, it is expected to significantly
improve connectivity and relieve traffic congestion.

Puchong non-landed residential volume

The Analytics are based on the data available at the date of publication and may be subject to further revision as
and when more data is made available to us.

For more of such information across Malaysia and Singapore, log on to the
theedgeproperty.com. The one-stop portal for all your property needs,
theedgeproperty.com oers price and transaction records, trend analysis,
research classieds, and more all for FREE!

Source: theedgeproperty.com

Source: theedgeproperty.com

Whats aordable in Puchong?

Puchong Top 10 most expensive condominiums/apartments


by average transacted price

The older buildings in Puchong consist primarily of flats and low-cost


apartments, as they competed with a large number of reasonably priced
landed homes. In recent years, many of the newer condominiums are
increasingly targeted towards the middle-income segment, especially
those in Bandar Puteri Puchong and Bandar Puchong Jaya, which are
located closer to Bandar Sunway, and the IOI Mall.
Based on theedgeproperty.coms analysis of transactions in the 12
months to 3Q2014, the average transacted price per square foot (psf) was
RM334 psf in 3Q2014, while the average transacted price per unit stood at
a reasonable RM324,000.
The high-rise landscape remains fairly affordable. In the same period, the
RM300,001 RM400,000 price range accounted for the largest share of
transactions (27.9%). This was followed by the RM200,001 RM300,000
price range (20%) and the RM100,001 RM200,000 price range (16.1%).
The most expensive project by average transacted unit price is Solace
(RM654,000). The condominium is one tower of the Setia Walk mixed
development by SP Setia. Data for the other towers, VIO and TRiGON,
have yet to be available.
Next is Atmosfera, in Bandar Puchong Jaya. Its high average transacted
unit price of RM634,000 reflects the large unit sizes of about 1,300
to 2,800 sq ft. Among the most expensive projects, Aseana Puteri
(RM568,000), Hijauan Puteri (RM442,000) and Casa Puteri (RM430,000)
are located in Bandar Puteri Puchong, developed by IOI Properties.
The least expensive projects are dominated by low-cost flats, led by the
Taman Puchong Perdana Flats (RM64,000).

Puchong Top 10 least expensive condominiums/apartments

The Analytics are based on the data available at the date of publication and may be subject to further revision as
and when more data is made available to us.

For more of such information across Malaysia and Singapore, log on to the
theedgeproperty.com. The one-stop portal for all your property needs,
theedgeproperty.com oers price and transaction records, trend analysis,
research classieds, and more all for FREE!

Source: theedgeproperty.com

by average transacted price

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

ST O C KS W I T H M O M E N T U M 11
www.theedgemarkets.com

This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by Anticipatory
Analytics Sdn Bhd and that rst appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specic investment needs.
We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

LII HEN INDUSTRIES BHD (-ve)


LII Hen (Fundamental: 2.5/3, Valuation: 2.4/3)
was picked by our momentum algorithm for
the second time in a week, last Friday, on
heavy volume.
The stock was first recommended by InsiderAsia on February 16 and has since risen
by a whopping 74.2% to close at an all-time
high of RM6.15 last Friday. By comparison,
the FBM KLCI has fallen by 10.5% during the
same period.
Notably, shares of furniture makers have
fared very well, thanks to the weakening ringgit which favours exporters. About 77% of Lii
Hens products are exported to America its
single largest market. Its second largest market is Asia, contributing about 13% of sales.
The company is backed by solid underlying
fundamentals it is sitting on net cash, pays
consistent and fairly generous dividends, and
delivers double-digit ROE. Net cash stood at
RM55.9 million or 93 sen per share at endJune, up from RM10.2 million at end-2012.
On Monday, the company released a stelLII HEN INDUSTRIES BHD

LII HEN INDUSTRIES BHD


(ALL FIGURES IN MYR MIL)

lar set of 2Q2015 earnings results. Revenue


surged 41.3% y-o-y to RM138.3 million while
net profit increased an outsized 96.2% to
RM12.7 million, due mainly to higher demand for its bedding products and foreign
exchange gain of RM1.0 million.
Lii Hen also declared a second interim
dividend of 7 sen per share for 2015, which
will go ex on September 7. Dividends totaled 13 sen per share for 1H2015, up from
7.5 sen per share in 1H2014.
Last month, the company proposed a 1-for2 bonus issue of up to 30 million new ordinary
shares, and a 1-for-1 share split. The share
split will be undertaken after the issuance of
the bonus shares. Upon completion of both
exercises, which is expected by 4Q2015, outstanding shares will increase to 180 million.
The company has consistently paid dividends, with payout ratio ranging from 30%
to 50% of net profit. Dividends totaled 14.5
sen per share in 2014, yielding investors a
net 2.36%.
Valuation score*
2.40
2.50
Fundamental score**
9.77
TTM P/E (x)
0.17
TTM PEG (x)
1.78
P/NAV (x)
3.36
TTM Dividend yield (%)
366.00
Market capitalisation (mil)
60.00
Shares outstanding (ex-treasury) mil
0.92
Beta
2.24-6.10
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

ng
u
yo

. sm

u
rt .

p
sto

Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax prot
Net prot - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings

LII HEN INDUSTRIES BHD


RATIOS

DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)

FY11

FY12

FY13

FY2015Q2

31/12/2011

31/12/2012

31/12/2013

30/6/2015

284.6
19.3
4.3
15.1
0.3
0.7
14.7
11.1

346.5
31.6
4.6
27.0
0.4
1.0
26.5
21.4

315.9
29.5
4.8
24.7
0.6
0.8
24.5
17.7

138.3
19.1
1.7
17.5
0.3
0.3
17.5
12.7

56.6
0.0
28.5
121.2
14.3
49.3
128.5
120.4
4.5

63.8
4.8
37.4
129.1
19.7
52.0
145.7
134.6
7.6

69.9
4.8
54.5
134.1
16.1
50.7
158.1
145.4
8.9

111.9
0.9
4.8
86.1
188.5
22.1
80.8
225.2
205.9
8.1

FY11

FY12

31/12/2011

31/12/2012

31/12/2013

0.07
2.01
9.56
9.16
(36.57)
3.92
8.99
2.46
28.46

0.12
2.24
16.81
21.76
92.23
6.18
15.63
2.48
32.23

0.15
2.42
12.66
(8.83)
(17.26)
5.61
11.67
2.65
35.20

L
N
O
S
I

le
ab

FY13 ROLLING 12-MTH

0.21
3.43
22.24
27.69
58.70
8.23
20.42
2.33
45.03

E
N
I

http://edgy.my

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

12 I N V E ST I N G I D E A S
BROUGHT TO YOU BY

www.theedgemarkets.com

I N S I D E R A S I AS S TO C K O F T H E D AY

WELLCALL HOLDINGS BHD


WE are highlighting Wellcall (Fundamental:
3/3, Valuation: 2.1/3), again, as a beneficiary
of the falling ringgit and commodity prices.
The ringgit is now at its lowest level against
the US dollar since the currency peg in 1998.
Meanwhile, a broad range of commodities,
from energy to metals and agriculture, are
buckling under the pressure of sluggish
global economic growth and rising supplies.
To recap, Wellcall manufactures industrial
rubber hoses used across a broad swath of
the economy for air and water, welding
and gas, oil and fuel, automobile, shipbuilding as well as food & beverage sectors. It has
charted strong growth over the past 5 years.
The company exports more than 90% of
its products. It also stands to benefit from
lower raw material costs the average bulk
latex prices are now hovering near their lowest levels since May.
Net profit for 9MFYSept2015 expanded
WELLCALL HOLDINGS BHD

31.4% to RM28.4 million on the back of a


10.0% increase in revenue to RM119.8 million, boosted by lower raw material costs,
favourable forex and economies of scale. A
third interim dividend of 2.3 sen per share
was declared yesterday, bringing dividends
for the nine months to 6.9 sen.
The company has maintained a debt-free
balance sheet since FY2006. As at end-June,
Wellcall has borrowings of RM13.5 million
and net cash of RM25.4 million, down from
RM41 million at end-FY2014. The decrease
in cash is due, primarily, to its new factory,
which is located about 1km from existing
factories.
The additional capacity, which is expected to commence production in July/August,
will underpin future growth. Wellcalls new
plant currently includes 7 new mandrel
hose production lines and a new spiral hose
production line. They are expected to raise
monthly production capacity of mandrel hoses from 185,000 linear metre per shift (LMS)
to 279,000 LMS of mandrel/spiral hoses.
In addition, two compounding machines
have been installed in the new plant for compound mixing of raw materials, which will
enable Wellcall to bring back currently-outsourced compounding works resulting
in costs savings and better control over the
quality of materials. There is still room for
further expansion in the new plant, which
Wellcall is only expected to plan for in the
near future.
Insider Asia will feature a new stock pick on every alternate day.

Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own
judgment or seek professional advice for your specic investment needs. We are not responsible for your investment
decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

WELLCALL HOLDINGS BHD

FY12

FY13

FY14

FY2015Q2

(ALL FIGURES IN MYR MIL)

30/9/2012

30/9/2013

30/9/2014

31/3/2015

154.2
34.1
3.8
30.3
0.9
0.3
31.0
23.3

131.5
35.6
3.4
32.2
0.9
0.2
32.8
24.7

146.4
41.7
3.7
38.0
1.0
0.3
38.7
29.5

37.8
13.4
0.9
12.5
0.2
0.1
12.6
9.7

29.3
41.7
65.0
10.5
83.8
81.0
-

28.0
46.0
70.1
12.1
86.0
83.2
-

32.7
40.6
74.1
17.7
89.1
86.4
-

54.1
36.1
65.7
23.8
96.0
91.0
2.3

FY12

FY13

FY14 ROLLING 12-MTH

30/9/2012

30/9/2013

30/9/2014

0.16
0.61
29.36
12.68
52.29
15.14
28.34
6.21
134.48

0.18
0.63
30.07
(14.69)
5.79
18.77
29.07
5.80
157.06

0.11
0.26
34.75
11.28
19.34
20.13
33.64
4.19
160.23

Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax prot
Net prot - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings

WELLCALL HOLDINGS BHD


RATIOS

DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)

0.09
0.27
40.96
14.80
21.81
22.05
39.55
2.76
166.24

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

B R O K E R S C A L L 13

KPJs 1HFY15 above expectation,


second dividend declared

Aeon hit by weaker


consumer spending
Aeon Co (M) Bhd
(Aug 28, RM2.78)
Maintain neutral with a lower
target price (TP) of RM2.70:
Aeon Co (M) Bhds (Aeon) second quarter ended June 30 of
financial year 2015 (2QFY15)
sales dipped 5.4% year-on-year
to RM811.1 million, mainly due
to weaker consumer spending
post-goods and services tax (GST)
implementation, with its retail
segment reporting a 7.8% y-o-y
decline in revenue.
The property management
segment, on the other hand, continues to be the saving grace for
the group, having posted 8.7%
y-o-y sales growth, mainly on
contributions from its new shopping centres. Last year, Aeon
opened a new store in Quill City
Mall, Kuala Lumpur, and two
new malls in Bukit Mertajam and
Taiping.
2QFY15 earnings before interest and tax margin, however,
plunged to 3.2% (1QFY14: 8.4%)
as its retail business recorded a
segmental loss of RM18.3 million
during the quarter. This can be
attributed to slower sales growth,
higher operating costs, and greater initial costs associated with
new store openings. Sequentially,
2QFY15 revenue and earnings
declined 30.3% q-o-q and 52.5%
q-o-q respectively, due to strong
pre-GST buying in 1QFY15.
As we are turning utterly cautious about the GST impact on
Aeons retail business, we trim our
FY15 to FY17 forecast earnings by
16.1% to 20.3% after factoring in
slower same-store sales growth
and higher operating expenditure
structure. Further weakening in
consumer sentiment and intensified competition remain key risks.

Aeon Co (M) Bhd


FYE DEC (RM MIL)

Total turnover
Reported net profit
Recurring net profit
Recurring net profit
growth (%)
Recurring EPS (RM)
DPS (RM)
Recurring PER (x)
P/BV (x)
P/CF (x)
Dividend yield (%)
EV/Ebitda (x)
Return on average
equity (%)
Net debt to equity (%)
Our vs consensus EPS
(adjusted) (%)

2013

2014

2015F

2016F

2017F

3,514
231
231

3,705
211
211

3,913
170
170

4,084
196
196

4,304
231
231

8.9
0.16
0.22
16.9
2.38
8.7
7.9
7.10

(8.5)
0.15
0.06
18.5
2.21
10.8
2.2
8.03

(19.7)
0.12
0.05
23.1
2.09
8.0
1.7
8.44

15.5
0.14
0.06
20.0
1.96
7.7
2.0
7.68

17.6
0.16
0.07
17.0
1.84
6.9
2.4
6.77

14.9
net cash

12.4
3.3

9.3
7.6

10.1
10.4

11.2
10.8

(21.5)

(14.9)

(8.8)

Source: Company data, RHB

KPJ Healthcare Bhd


(Aug 28, RM4.20)
Maintain underperform with
a higher target price (TP) of
RM3.74: First half ended June 30
of financial year 2015 (1HFY15)
profit after tax and minority interests (Patami) of RM69.9 million
(+9.3% year-on-year, y-o-y) came
in above our expectations at 56%
of our forecast.
However, the results came in
within market consensus expectation at 48%. The positive variance
from our forecast was due to higher-than-expected performance in
its Malaysian operations. A second
interim single-tier dividend per
share (DPS) of 1.75 sen was declared which brings 1HFY15 DPS
to 3.5 sen.
Quarter-on-quarter (q-o-q),
the second quarter ended June 30,
2015 (2QFY15) reported Patami
rose 6% to RM36 million largely
anchored by the Malaysian segment, which offset losses from
aged care and support services
and a 2.4% increase in inpatient
admission. Y-o-y, 1HFY15 net
profit rose 9.3% due to higher
earnings contribution from Malaysia (+6%), underpinned by reduced losses from new hospitals
namely KPJ Rawang and KPJ Bandar Baru Klang Specialist Hospital, and lower losses from aged

care services. We understand that


losses narrowed in 1HFY15 to between RM14 million and RM15
million compared with RM20 million to RM21 million in 1HFY14.
Its Indonesian operations broke
even. Earnings growth is expected
to be pedestrian over the next few
quarters. In Indonesia, we expect
losses in Rumah Sakit Bumi Serpong Damai to persist over the
next several quarters due to difficulty in attracting doctors leading
to lower bed utilisation of 40%.
However, this is expected to be
buffered by the profitable Rumah
Sakit Medika Permata Hijau.
Looking further into FY15, KPJ
is targeting to open KPJ Perlis and
KPJ Pahang Specialist. Additionally, KPJ is incurring higher staff
costs due to the gradual opening
of more beds since it needs to
maintain a certain required ratio of staff per hospital, and KPJ
employing more staff in its headquarters to support ongoing projects. We are raising our FY15E
(estimate) and FY16E earnings by
5.5% and 5.7%, respectively, due to
the better-than-expected results.
We maintain an underperform rating. However, the TP is
raised from RM3.54 based on unchanged 27 times FY16 earnings
per share. Kenanga Research,
Aug 28

KPJ Healthcare Bhd


FYE DEC (RM MIL)

We fine-tune our discounted


cash flow-derived TP from RM3.09
as we lift our weighted average
cost of capital rate to 9.7% (from
8.3%) due to macroeconomic
headwinds; this is in line with
RHB Researchs revised valuation
assumptions. We believe the cur-

rent valuation is fair, given that


our implied FY16 forecast price
earnings ratio (PER) of 19.3 times
is near its 5-year historical average
PER of 18.3 times.
The stock currently trades at
20.0 times FY16 PER. RHB Research Institute, Aug 28

Turnover
Ebit
PBT
Net profit (NP)
Core NP
Consensus (NP)
Earnings revision
Core EPS (sen)
Core EPS growth (%)
NDPS (sen)
BVPS (RM)
PER (x)
Price/BVPS (x)
Net gearing (%)
Dividend yield (%)

2014A

2015E

2016E

2,641.0
225.3
217.9
139.7
123.3
12.2
19.6
6.9
1.29
34.8
3.26
72.3
1.6

2,902.1
229.3
222.8
131.5
131.5
146.6
+5.5%
13.0
6.7
6.5
1.34
32.4
3.14
77.1
1.5

3,168.4
242.2
235.0
140.2
140.2
160.6
+5.7%
13.8
6.6
6.9
1.41
30.4
2.99
78.7
1.6

Source: Kenanga Research

IOI Properties reports impressive FY15 core earnings


IOI Properties Group Bhd
FYE JUNE (RM MIL)

Revenue
Ebitda
Pre-tax profit
Net profit
EPS (sen)
PER (x)
Core net profit
Core EPS (sen)
Core EPS growth (%)
Core PER (x)
Net DPS (sen)
Dividend yield (%)
EV/Ebitda (x)
Chg in EPS (%)
Affin/Consensus (x)

2014

2015

2016E

2017E

2018E

1454.4
584.2
1120.4
889.9
23.5
8.2
394.1
10.4
(24.3)
18.5
8.0
4.1
14.9
-

1906.5
742.0
1130.3
890.7
23.6
8.2
574.1
15.2
45.7
12.7
6.0
3.1
11.5
-

2808.6
1030.6
1042.3
781.2
20.7
9.3
781.2
20.7
36.1
9.3
8.0
4.1
8.5
+1.3
1.2

3367.1
1122.5
1131.5
852.9
22.6
8.6
852.9
22.6
9.2
8.6
9.0
4.7
8.0
+1.2
1.1

3744.4
1604.4
1546.2
1145.6
30.3
6.4
1145.6
30.3
34.3
6.4
9.0
4.7
5.5
na
na

Source: Company, Affin Hwang estimates

IOI Properties Group Bhd


(Aug 28, RM1.83)
Maintain buy with a higher target
price (TP) of RM2.50: IOI Properties Group Bhds (IOI Properties)
financial year ended June 30, 2015
(FY15) core earnings came in within
our expectation but above street estimate. Revenue growth was driven
by property and property investment
segments. We lightly tweak FY16 to
FY17 forecasts.
For FY15, IOI Properties reported impressive core earnings
of RM574 million (+48.5% yearon-year, y-o-y) on the back of 31%
growth in sales. This is within our
expectation (4% above our forecast). Our core net profit excludes
a fair value gain of RM316.6 million
from investment properties mainly derived from IOI City Mall. IOI

Properties declared a final dividend


of six sen.
Fourth quarter ended June 30,
2015 (4QFY15) core net profit more
than doubled y-o-y on the back of
47% growth in revenue. The strong
revenue growth was driven by i) its
property development segments
(+27%) increased sales of the Trilinq project in Singapore, as well
as the recently-launched IOI Palm
City in Xiamen which received good
response; ii) property investment
(+87% y-o-y) on higher contribution
from its retail business with additional 1.44 million net lettable area
from IOI City Mall; and iii) leisure
and hospitality operations (+89%
y-o-y) due to the maiden contribution from Four Point Sheraton
Puchong, District 21 and Icescape
Ice Rink at IOI City Mall.

IOI Properties targets to launch


its second phase of residential properties in IOI Palm City, Xiamen,
in 2QFY16. In addition, two office towers and Le Meridien are
expected to be completed by the
third quarter of calendar year 2016,
which should boost its investment
properties segment.
We have tweaked our FY16 to
FY17 earnings per share forecasts after updating FY15 earnings. We also
introduce FY18 forecast. We maintain our buy recommendation.
Our revised net asset value-based
(40% discount) TP is raised from
RM2.31 previously. Risk to our call
is lower-than-expected contribution from the investment property
segment and softer-than-expected
outlook for the property sales.
Affin Hwang Capital, Aug 28

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

14 B R O K E R S C A L L

OldTown expected to
do better in 4QFY16
OldTown Bhd
(Aug 28, RM1.35)
Maintain hold with a lower target
price (TP) of RM1.30: OldTown
reported a net profit of RM9.49
million for its first quarter ended
June 30, 2015 (1QFY16). The quarterly net profit declined 6.8% quarter-on-quarter (q-o-q) and 18.9%
year-on-year (y-o-y). Similarly, its
top-line plunged 10.5% q-o-q and
3.9% y-o-y to RM94.06 million.
Its 1QFY16 net profit only
reached 18% of our forecast and
market consensus. The poor results mainly attributable to the
lower earnings contribution from
food and beverage (F&B) segments
resulted in quarterly and yearly
decline.
Its F&B division reported profit
before tax (PBT) of RM4.46 million

in 1QFY16, which decreased by


9.53% q-o-q and 46.38% y-o-y. The
lower PBT was mainly attributed
to the lower top-line recorded for
this current quarter after declining by 24% q-o-q and 15% y-o-y.
The weaker sales growth owing to
reduction in consumer spending
during 2Q of calendar year 2015
(2QCY15) pursuant to the implementation of the goods and
service tax (GST) on April 1, 2015.
In 1QFY16, the fast-moving consumer goods (FMCG) segment
expanded by 29% y-o-y in PBT
to RM9.21 million. The impressive performance was backed by
higher local sales generated in the
current quarter coupled with lower base recorded in 1QFY15. For
the quarterly basis, the divisions
PBT only increased marginally by

1% y-o-y. The softer growth was


mainly due to the higher selling
and distribution expenses incurred
in the current quarter.
The group is planning to open
more new outlets to improve its
F&B business by promoting the
lower cost model (known as OldTown White Coffee Basic) in Malaysia with an estimated 10 new
outlets for financial year ending
March 31, 2016 (FY16) . We expect
the expansion plan will not render
immediate earnings to the group
judging from the current economic
condition and the prevalent tepid
consumer sentiment.
Theres possible margin erosion in relation to higher marketing costs. We are neutral on the
groups development plans to enhance its advertising campaigns

Oldtown Bhd
F&B
FMCG
Revenue
F&B
FMCG
PBT
PBT Margin
F&B
FMCG

1QFY16

4QFY15

1QFY15

46.51
47.55
94.06
4.46
9.21
13.67

61.34
43.75
105.09
4.93
9.09
14.02

54.76
43.10
97.85
8.32
7.14
15.46

(24.17%) (15.06%)
8.67%
10.33%
(10.50%)
(3.88%)
(9.53%) (46.38%)
1.30%
29.00%
(2.51%) (11.58%)

Q-O-Q

Y-O-Y

9.59%
19.37%

8.04%
20.78%

15.20%
16.56%

1.55ppt (5.60ppt)
(1.41ppt)
2.80ppt

Source: Company, JF Apex

for both the domestic and international FMCG businesses as we


foresee rising marketing and advertising expenses in tandem with
aggressive marketing campaigns.
Following the sluggish performance recorded in 1QFY16, we are
lowering our full-year estimates for
FY16 by 16% to RM43.73 million
(previously was RM51.93 million).
We foresee that lower domestic
spending will continue to dent
its F&B business with its 210 caf
outlets (87%) locally.
We maintain hold with a
lower TP of RM1.30 (previous:
RM1.79), based on FY16 earning
per share forecast of 9.7 sen (previous: 11.7 sen) and lower blended industry price-earnings ratio

of 13 times due to a challenging


economic outlook ahead.
We remain cautious on the
groups performance for FY16
following the sluggish consumer
sentiment pursuant to high costs
of living following GST adoption
and a weak ringgit. In fact, the
Malaysian Retailers Association
has revised down its forecast of
retail sales growth in 2015 for
the third time from 4.9% to 4%
in July 2015.
Having said that, we expect the
consumer sentiment will recover
in the 1QCY16 as consumers will
finally adapt to the GST, and hence
we foresee the groups business
would perform better in 4QFY16.
JF Apex Securities, Aug 28

Salcon should stage a major profit recovery

LaFarges bland earnings inuenced


by lower sales from all segments

Salcon Bhd
(Aug 28, RM0.595)
Maintain add with a lower target
price (TP) of 98 sen: Although Salcon posted a first half ended June
30, 2015 (1HFY15) core net loss of
RM5.9 million (excluding RM14.4
million net foreign exchange gain)
versus our and consensus full-year
net profit forecasts, we consider
the performance to be broadly
in line.
We believe Salcon should stage
a major profit recovery in 2HFY15
as progress billings for the Langat 2
water treatment plant (WTP) picks
up. Second quarter ended June 30,
2015 (2QFY15) construction earnings before interest and tax (Ebit)
included maiden profits from Langat 2 WTP which forms the bulk of

Lafarge Malaysia Bhd

the groups about RM600 million


outstanding order book.
The absence of dividends was
not surprising as we expect a three
sen first and final dividend per
share in 4QFY15, implying an attractive 5% to 6% yield backed by its
net cash balance of RM165 million
(24 sen per share), representing
41% of its market cap.
Salcons turnaround story of
securing recurring earnings has
begun to materialise with the first
cellular site rental contract with
U Mobile Sdn Bhd in mid-August.
This is positive for its subsidiary
Volksbahn Technologies Sdn Bhd
(VBT); we estimate a base case of
RM4 million to RM5 million in revenue per annum and higher margins over the next 10 years.

VBT, which owns the concession


to operate the only rail rights-ofway, has been actively pursuing
other telcos to further expand its
revenue. VBT had earlier inked
an memorandum of understanding with Celcom Axiata Bhd and
could sign an official contract in
the short term.
We forecast VBTs contribution
to Ebit to rise from 17% in financial
year ending Dec 31, 2016 (FY16) to
19% in FY17.
Following the recent market selldown, the stock now trades at a
massive 63% discount to our base
case revised net asset value per
share of RM1.62, and at an ex-cash
FY16 to FY17 price-earnings ratio
of seven to eight times. CIMB
Research, Aug 28

Salcon Bhd
FYE JUNE (RM MIL)

Revenue
Operating costs
Ebitda
Ebitda margin (%)
Depn & amort.
Ebit
Interest expense
Interest & invt inc
Associates contrib
Exceptionals
Pre-tax profit
Tax
Tax rate (%)
Minority interests
Net profit
Core net profit
EPS (sen)
Core EPS (sen)
Source: CIMB, Company reports

2QFY15

21.9
(32.5)
(10.6)
(48.5)
(0.9)
(11.5)
(2.6)
1.5
4.6
11.6
3.6
(1.1)
30.2
4.7
0.9
(10.7)
0.1
0.1

2QFY14

33.3
(35.4)
(2.1)
(6.3)
(1.9)
(4.0)
(0.5)
0.9
0.9
(2.8)
(1.2)
(44.7)
0.1
(4.7)
(4.7)
(0.7)
(0.7)

Y-O-Y %

Q-O-Q %

2QFY15

2QFY14

Y-O-Y %

PREV.

CHG

CHG

CUM

CUM

CHG

FY15F

(34.2)
(8.1)
410.0
675.2
(52.4)
191.1
387.4
74.4
433.8
n.m
230.9
(11.4)
167.7
5,163.3
118.7
125.8
117.6
117.6

2.3
27.9
164.5
158.6
(33.8)
114.7
805.9
(89.9)
338.5
n.m
(65.7)
85.3
439.9
106.7
(88.4)
(240.5)
(88.5)
(88.5)

43.3
(47.3)
(4.0)
(9.1)
(2.3)
(6.3)
(2.9)
3.3
5.6
14.4
14.1
(1.7)
11.9
7.0
8.5
(5.9)
1.3
1.3

73.7
(76.1)
(2.4)
(3.3)
(3.6)
(6.0)
(0.9)
2.4
1.7
(2.9)
(2.5)
(85.1)
(14.3)
11.7
11.7
1.9
1.9

(41.2)
(37.9)
63.0
177.5
(35.8)
3.9
212.0
37.2
586.1
(32.1)
114.0
149.3
(27.2)
(150.7)
(32.3)
(32.3)

202.6
(94.5)
10.8
5.3
(4.8)
8.8
(5.2)
8.6
3.2
12.5
(3.8)
30.1
(3.1)
5.3
5.3
3.3
3.3

FYE DEC (RM MIL)

Revenue
Ebit
Pre-tax profit
Patami
FD EPS (sen)
EPS growth (%)
PER (x)
Net dividend (sen)
Net dividend yield (%)

2013

2,852.4
488.3
514.9
366.6
43.2
5.1
19.9
41.0
4.3

2015F

2016F

2017F

2,743.1 2,853.7
321.5
423.5
345.2
423.0
256.0
317.1
30.1
37.3
(30.2)
23.9
32.1
25.5
34.0
35.0
3.5
3.6

2014

2,922.8
473.6
472.8
359.1
42.3
13.2
22.5
41.0
4.2

3,037.4
514.4
513.7
390.3
45.9
8.7
20.7
43.0
4.4

Source: MIDF Research

LaFarge Malaysia Bhd


(Aug 28, RM9.30)
Maintain netural with an unchanged target price (TP) of
RM9.15: LaFarge Malaysias second quarter ended June 30, 2015
(2QFY15) profit after tax and minority interests was comparably
lower at RM63.9 million (-17.4%
year-on-year [y-o-y]; -13.3%
quarter-on-quarter [q-o-q]). It
came below expectations, registering only 31.2% of our and
39.6% of consensus full-year forecasts respectively. Bland earnings
influenced by lower sales from
all segments.
We reckon its bland earnings
were due to the following including changes in industrial consumption and demand due to
shifts in construction technology (using alternative formworks
such as precast flat panel, tunnel
form, flat slabs, insulating concrete, lightweight concrete panel
and polyurethane wall panels).
The changes affect demand
by disrupting the distribution
channel, demand of ready-mix
concrete and ordinary portland
cement (OPC), intense industrial product and pricing com-

petition especially OPC product


supply from rivals such as Panda
(Hume Cement Sdn Bhd), Castle
(YTL Cement Bhd), and imported
(tariff free) cements from China
with a 20% price rebate.
Overall, we maintain our earnings forecasts at this point on the
account of its long-term performance and its ability to widen its
distribution channel to increase
sales especially in the concrete
mix segment.
We maintain our neutral
stance with a TP of RM9.15 by
pegging our average FY15 to FY16
estimate earnings per share of
39.8 sen to price-earnings ratio
multiples of 23 times reflecting its
five-year quarterly historical average. MIDF Research, Aug 28

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

G E N E R A L N E W S 15
PHOTOS BY RAYMUND WONG/THE MALAYSIAN INSIDER

Brickelds is
a mishmash
of the
modern and
the old with
gleaming
skyscrapers
juxtaposed
with quaint
shophouses.

Gen X, Gen Y should


cooperate together
Zahid: Groups can unite to resolve issues the nation faces
PUTRAJAYA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid
Hamidi suggested yesterday that
Gen X and Gen Y cooperate in
resolving the various issues the
nation faces.
One of these challenges was
the colonisation of the mind that
caused confusion among those
in Gen X and Gen Y.
Developing countries have
to put up with the colonisation
of the mind and Malaysia was no
exception. As such, Malaysians
especially in Gen X and Gen Y
should cooperate and unite.

I am convinced that we can


unite the people of all races,
religions and cultures with the
spirit of patriotism.
In the name of patriotism,
we can build a nation state
united in diversity, he said at
the close of the Kembara Kasih
Merdeka 2015 programme here.
About 15,000 volunteers of
the 1JPJ Young Squad nationwide participated in a convoy
as they flew the Jalur Gemilang
national fl ag under the Kembara Kasih Merdeka 2015 programme.

Transport Minister Datuk Seri


Liow Tiong Lai and Road Transport Department director-general Datuk Seri Ismail Ahmad
were also present at the event.
Ahmad Zahid, who is also the
home minister, said a convoy of
5,959 superbikers will visit the
federal administrative capital
on National Day next year.
The deputy prime minister,
who is executive chairman of
the Superbikers Association
Malaysia, said the programme
could raise the spirit of patriotism
among the people. Bernama

Barber
Pramasivam
says he
still has his
regulars
but many
have moved
away from
Brickelds.

Brewing identity crisis


seen in Brickelds
BY R AYMUN D W O N G

Transform ex-mining land to preserve


endangered species, says expert
KUALA LUMPUR: In a move to
preserve endangered flora and
fauna, it is imperative that former mining areas in the country
be transformed into green areas,
said an environment and ecology expert.
Forest Research Institute of
Malaysia (FRIM) ecophysiology branch head Dr Ang Lai Hoe
said there were about 70,000ha
of ex-mining land in peninsular
Malaysia, which could be transformed.
Land transformation is the reclamation, rehabilitation and restoration of barren land into productive land through scientific
and technical improvements, he
told Bernama in an interview here
recently.
Today, large areas of our forest
are inevitably lost due to massive

development and conversion into


housing, industrial and agricultural purposes. Consequently, some
of our floral and faunal biodiversity of the forest may be extinct,
he said.
Citing an example in 2011, Ang
said the FRIM had successfully established a model of manmade forest on a former landfill
and flood mitigation site under
a consultative project with the
Drainage and Irrigation Department (DID) at Ara Damansara
Eco-Park (APEP).
This was the first project in Malaysia where we grew rainforest on
a landfill site and flood mitigation
area, he noted.
He said APEP currently housed
more than 90 species of tropical
rainforest tree species respectively, including endangered and en-

demic species.
However, Ang said ex-mining
land should not be transformed
into food production sites as they
contained heavy metals such as
mercury, lead, arsenic and lead,
and also radioactive substances.
This degraded land should
be converted into forests and also
later can be used for parks and
housing estate development after
ensuring that the radiation level is
not harmful to health.
The time needed to transform
barren land into a green area depends on the objective of growing
the trees, he added.
Elaborating on the cost needed
to undergo the full transformation, Ang said it depended on how
fast the land ought to be transformed to achieve the objectives.
Bernama

Breakaway PAS group to take over party


BY RA M A NA ND

KUALA LUMPUR : New Hope


Movement (GHB) will take over
the Workers Party, established in
1978, after its attempt to form a new
party called Parti Progresif Islam
was rejected by the Home Ministry.
GHB chief Mohamad Sabu said
they would then change the name
of the Workers Party to Parti Amanah Negara or PAN, which will be
launched on Sept 16 in conjunction with Malaysia Day, with at
least 35,000 members.
Accordingly, Mohamad Sabu
said, from yesterday onwards GHB
members are officially no longer
PAS members.

He said the six elected PAS


members of parliament, who were
with GHB effectively, no longer
represented PAS in Parliament.
The name change and the new
party name will be forwarded to
the Registrar of Societies. We will
launch the party on Sept 16, he
said at a press conference in the
capital yesterday.
The GHB splinter movement,
formed with the aim of starting
a new political party, is led by
PAS progressive leaders who were
axed in the partys fractious muktamar this year.
Mohamad Sabu, or Mat Sabu as
he is popularly known, will serve
as party chairman with Salahud-

din Ayub as deputy. The central


committee will include non-Muslims, one of them being former PAS
supporters club chairman Hu Pang
Chaw.
The partys secretary-general
will be Anuar Tahir, a former PAS
central committee member.
Mat Sabu also said registering
the new name without the word
Islam would not affect the partys
attempts to recruit members or
its target group, which is largely
the PAS audience.
No, I dont think it will have
an impact. We have an inclusive
nature that will draw support
from both Muslims and non-Muslims. The Malaysian Insider

KUALA LUMPUR: Known as Little India, the iconic Brickfields in


Kuala Lumpur has evolved from a
quiet suburb into the bustling hub
it is today.
Brickfields dramatic change began in 1996 when Malaysian Resources Corp Bhd made the decision to
build the 29ha transit-oriented KL
Sentral there.
Today, Brickfields mirrors both
the modern and the quaint with
skyscrapers, offices, upmarket hotels, residences and a shopping
complex on one side of Jalan Tun
Sambanthan and traditional shop
houses, old quarters and apartments in Jalan Sultan Abdul Samad
and Jalan Berhala.
Brickfields Rukun Tetangga chairman SKK Naidu said Brickfields had
in recent years begun to lose its identity.
There are large buildings in Jalan
Tun Sambanthan that look nice and
modern. But the development and
the one-way road system have resulted in a mess on the other side
of Brickfields in Jalan Sultan Abdul
Samad, he said.
Naidu said the rapid development
had drawn more traffic to Little India,
causing chaos on the roads and a host
of problems to the local community.
It is not the Brickfields that I grew
up in. Every little thing here needs
to be fought for, Vivekenanda Ashram for one, without the community
fighting for it, we would have lost an
iconic building and a piece of our
history, he said.
In June, The Malaysian Insider
reported that the 99-year-old 100
Quarters were being demolished.
MRCB executive vice-president
Datuk Dell Akbar Khan said the 12
blocks of former government quarters were being torn down due to
safety and security concerns.
However, it was previously reported that the land could be used for a
project comprising three blocks of
40-storey towers with a total of 1,350
serviced apartments.
Even the local community is
quickly dwindling as people are mov-

ing out. Some are cashing in on the


rise in the price of their property,
while others finding it too expensive
to rent, and some just finding it too
congested in Brickfields, Naidu said.
A theedgeproperty.com analysis
of transactions of non-landed residential property in Brickfields found
that average values rose 25% in the
third quarter of last year from a year
ago to RM762 per sq ft.
S Pramasivam, 63, who has run a
barber shop in Brickfields for more
than 30 years, has personally witnessed how Brickfields has changed
since Merdeka in 1957.
We have come a long way since
Merdeka. Even before KL Sentral,
there were many developments.
PWD (Public Works Department)
quarters and KTM (Keretapi Tanah Melayu) quarters were built on
the land. The famous Lido theatre
is now Public Bank. So much has
changed, he said.
Pramasivam said there were few
barber shops then and many came
to him for a haircut. Among them
was badminton player Rashid Sidek,
who was a frequent customer in the
mid-1990s.
It is a different time now. I still
have my regulars but many have left
Brickfields for other parts.
Pramasivam is also worried that
development may change Brickfields
irreversibly.
New buildings are popping up
everywhere. Everything is being developed. Who knows, soon, they may
even tear down the building where
my shop is to make way for more
developments.
The change in Brickfields is for
the better, according to Little India
Petty Traders Association president
G Gunasegaran, who said development had brought more business for
traders in Brickfields.
Of course there were areas that
could be improved, such as parking and traffic congestions, said Gunasegaran.
The infrastructure is not coping
with the traffic, and if the authorities
can fix this, Brickfields will be even
better, he said. The Malaysian
Insider

T UESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

16 G E N E R A L N E W S

Bersih 4 peaceful due


to police tolerance
Nur Jazlan says its to ensure peoples safety
KUALA LUMPUR: The Bersih 4
rally in Kuala Lumpur was peaceful because police were tolerant
of the illegal gathering to ensure
peoples safety, Deputy Home Minister Datuk Nur Jazlan Mohamed
said yesterday.
The overnight rally drew thousands of people from Saturday to
Sunday night at the capital citys
iconic Dataran Merdeka, which
was the venue for the National Day
parade yesterday morning.
As I have said before, the police
are tolerant. We didnt want the
people to suffer because they fell
for promises by some politicians,
Nur Jazlan told The Malaysian Insider just before the National Day
parade yesterday morning.
We allowed them to hold the
rally, wearing banned marked
shirts, alhough it is illegal.
Nur Jazlan also disputed the
numbers that turned up for the
rally, organised by coalition for
free and fair elections Bersih 2.0,
which said some 200,000 were at
the weekend gathering.
It is impossible to fit that many
people in such a cramped area.

Radah says
saddened,
worried about
the future
KUALA LUMPUR: Former international trade and industry
minister Tan Sri Rafidah Aziz
said she felt a deep sadness
as she celebrated Merdeka Day
yesterday because of all that had
happened in the country, including the 1Malaysia Development
Bhd (1MDB) financial scandal.
Rafidah said on her Facebook account late on Sunday
night that the many things
which had taken place had
cast a dark shadow over what
should have been a joyous
Merdeka celebration.
First, the 1MDB fiasco
hangs like a Damocles sword
over the country. What has
happened to the investigations?
It appears things have
stalled ... That is not good for
the country as there must be
serious efforts to get to the bottom of it all, the former Wanita
Umno chief said in her posting.
Rafidah also mentioned the
RM2.6 billion donation deposited into Prime Minister Datuk
Seri Najib Razaks personal accounts shortly before the general election two years ago.
The Malaysian Insider

They claimed high numbers but


the estimates are lower.
Dont be duped by politicians
and activists who are actually politicians, said the deputy home
minister who was appointed to
the job last month.
The Pulai member of parliament
was previously the Public Accounts
Committee (PAC) chairman before
a shock Cabinet change on July
28 that saw Umno deputy president Tan Sri Muhyiddin Yassin
and Umno vice-president Datuk
Seri Shafie Apdal lose their Cabinet posts.
The government had earlier warned the organiser that the
Bersih 4 rallies held in Kuala Lumpur, Kuching and Kota Kinabalu
were illegal and promised a crackdown for security reasons.
But the 34-hour rally went without any crackdown, and only traffic
police and city hall wardens were
on duty in the three cities. Both the
rallies in Kuching and Kota Kinabalu ended after 24 hours.
Malaysias first overnight street
rally had ended past midnight,
marked by surprise twists and

Nur Jazlan: Dont be duped by politicians


and activists who are actually politicians.
Photo by Suhaimi Yusuf

many other firsts as the organiser


claimed hundreds of thousands
of people turned up to call for the
resignation of Prime Minister Datuk Seri Najib Razak.
A large number of protesters
slept on the streets of Kuala Lumpur on Saturday night, while others slept in mosques and church
compounds.
Hotels in the city were also fully
booked for the gathering.
While most rally-goers had come
prepared for a police clampdown,

complete with masks and salt water to neutralise tear gas, the rally
proceeded smoothly and the lack of
police presence was clearly apparent throughout the entire weekend.
The home ministry had banned
any yellow clothing with the phrase
Bersih 4, but most of those attending the rally ignored the ban, turning several streets around Dataran
Merdeka into a sea of yellow.
Bersih 4 was a rally which demanded free and fair elections,
and a corruption-free government.
The organiser said the turnout
also served as a referendum on
Najibs leadership, which has come
under fierce criticism for links with
the 1Malaysia Development Bhd
financial scandal.
Participation in the weekends rally, as was the case for all
of Bersihs previous protests, was
dominated by opposition politicians and civil society groups.
However, the Bersih 4 protest
was missing the usual participation
and large member turnout from
PAS, following a fallout with former
opposition alliance partners DAP
and PKR. The Malaysian Insider

Twists and rsts mark 34-hour rally


BY JULIA Y EO W

KUALA LUMPUR: Malaysias first


overnight street rally ended at midnight on Sunday, marked by surprise twists as the organiser claimed
hundreds of thousands of people
turned up to protest against corruption in the government and to
call for electoral reforms.
This was a surprisingly peaceful rally. [It] almost felt like we just
went for a carnival, said Lam Chee
Chung, who attended the Bersih
2 rally in 2011, when he was part
of a group of protesters forced to
take refuge at Tung Shin Hospital
in Jalan Pudu after a police crackdown.

The rally kicked off at 2pm on


Saturday and after the initial round
of speeches, appeared to have fizzled out slightly.
But in an unexpected twist, former prime minister Tun Dr Mahathir Mohamad and his wife, Tun
Dr Siti Hasmah Mohd Ali, shocked
the crowds and the organiser when
they made a pit stop at Dataran
Merdeka.
Thank you for coming. We invited all, and hope more people
from Umno will join us as this is
a national call for reform, Bersih
2.0 chairman Maria Chin Abdullah said.
Dr Mahathir appeared once
again at the rally on Sunday, this

time staying on long enough to


address the media.
In the days running up to the
weekend protest, the home affairs
ministry announced a slew of sanctions on the rally, including declaring the gathering illegal and
making thinly veiled references to
intervention by the army.
The organiser, however, maintained that the protest was a legal
right of Malaysians to partake in a
peaceful rally to voice their frustration at the current leadership.
The weekend rally ended at midnight on Sunday, with the singing
of the national anthem to mark the
countrys 58th year of independence. The Malaysian Insider

Bersih 4 nothing to do with race, says MCA


BY KC NAZARI

PUTRAJAYA: MCA president Datuk Seri Liow Tiong Lai slammed


yesterday those who were trying
to slap a racial label on the recently-concluded Bersih 4 rally over
the weekend.
Liow, who heads the Barisan
Nasionals Chinese ethnic party,
said it was not nice to claim that

the overnight rally held near Dataran Merdeka on Saturday and Sunday was dominated by the Chinese
community.
I would like to point out [that it]
has nothing to do with race.
I do not want some people to
label it as a racially-linked rally;
this is not good for our country,
said the transport minister after
flagging off the Konvoi Kembara

Kasih in Putrajaya yesterday.


Liow said he respects people
who want to express their views, but
added that it must be done within
the legal framework and in accordance with the laws of the country.
We have people of various races. Everyone is entitled to express
their opinions and actions, but all
should be done based on the law.
The Malaysian Insider

IN BRIEF
Youths picked up during
pre-Bersih gig released,
says lawyer
KUALA LUMPUR: Police have
released 161 of the 163 youths
rounded up last Friday at a preBersih 4 gig in Ampang Jaya, after
their three-day remand order expired yesterday. Lawyer Haijan
Omar said the other two detainees, an Indonesian and a Filipino, were still in police custody,
awaiting for their documents
to be processed with the relevant government agencies. All
161 youths have been released
unconditionally except for two
local guys who will need to report back on Sept 30. They are
the owners of Rumah Api (the
venue of the event), Haijan told
The Malaysian Insider yesterday.
He said police were investigating
the youths under Section 4 (1)(b)
of the Sedition Act, Section 143
of the Penal Code for participating in an unlawful assembly
and Section (6) of the Selangor Entertainment and Place
of Entertainment Enactment.
The Malaysian Insider

Police probe attempt


to ram policemen
GEORGE TOWN: Police are investigating an incident on Saturday, when a man drove a van
at speed and almost knocked
into policemen monitoring the
Bersih 4 rally in Jalan Raja Uda in
Butterworth. Penang police chief
Datuk Abdul Rahim Hanafi said
the incident occurred at about
10.30pm. We have not made
any arrest, but know the identity
of the van driver and owner, he
told reporters after an anti-crime
operation in conjunction with
the Merdeka Eve countdown
here early yesterday. Some 500
police officers and personnel
were involved in the operation
in the state. Bernama

Four held for letting


o recrackers
KUALA LUMPUR: Police arrested four men over two incidents of hurling lighted firecrackers as participants of the
Bersih 4 rally here began to
disperse early yesterday. Kuala Lumpur police chief Datuk
Tajudin Md Isa said police arrested one of the men first for
throwing lighted firecrackers
at the crowd in the vicinity of
Dataran Merdeka. Subsequently, they arrested two more men
who did the same thing, and
another man who tried to stop
police from arresting the duo,
he told Bernama. Bernama

KL traders lament poor


business, no customers
KUALA LUMPUR: While some
restaurants in Jalan Tuanku Abdul Rahman enjoyed a good income during the Bersih 4 rally
over the weekend, many traders reported losses. Some of the
traders along the road lamented
that they had to close their business as early as 4pm instead of
the usual 10pm on one day or
both days of the rally. What to
do? Its our unlucky day! Business is bad! No customers! said
a shopkeeper. Bernama

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

O P I N I O N 17

What if 2008 crisis


comes around again?
Policy options for responding to another slump are fewer
BY C L I VE CROOK

y the end of last week,


stocks, currencies
and commodity prices werent crashing
any longer but financial markets were far
from settled. Over the past 10 days,
markets have plummeted, paused,
recovered and fallen again. Theres
little sign the anxiety is lifting.
Until recently investors had
been preoccupied with the weakness of the post-2008 recovery.
Now some are asking whether
2008 might come round again.
Its an especially disturbing possibility because, on the face of it,
the policy options for responding
to another slump are fewer than
last time.
Governments have run big
budget deficits to support demand, so theres less so-called
fiscal space for a new round of
stimulus, or so the thinking goes.
Interest rates are still at zero, and
even the advocates of quantitative
easing recognise that it ran into
diminishing returns. Whats left?
Policymakers in the US
and Europe anyway probably

wont have to answer that question


any time soon. From time to time,
financial markets are volatile; its
what they do. A spell of turbulence
shouldnt provoke panic. The admittedly tepid expansion will most
likely continue.
Yet just suppose. The weaknesses
that collapsed the global economy
in 2008 were easier to see in hindsight than in real time. Doubtless
the same will be true again.
If you stress-test the optimistic
scenario, what do you find? What if
the mood of financial alarm persists
and worsens; theres a renewed flight
to safety in financial markets; investment spending weakens even more
and consumer spending follows it
down; and unsuspected weaknesses
in the financial system announce
themselves. What then?
The obstacles to effective remedies would be formidable but
more political, in fact, than economic.
The US and the euro area could
safely use fiscal stimulus again if
they chose to.
Under the conditions of our
thought-experiment, fiscal stimulus might even be debt-reducing,
because it would support growth,

and if the economy grows faster


than the public debt, the ratio of
debt to output falls.
Whether the political climate
would allow the fiscal remedy to
be used is much more doubtful.
In the US, and even more in Europe, which is under the sway of
Germanys pathological fiscal conservatism, the resistance to fiscal
stimulus would be strong. Governments might choose not to do it,
even though they could and should.
This goes double for another
powerful remedy one so politically toxic that it wasnt used even
in response to the crash of 2008. It
goes by various names: helicopter
money, overt monetary financing,
quantitative easing for the people
(though bear in mind that Jeremy
Corbyn, who may be the next leader of Britains Labour Party, and
who has popularised that last term,
means something different by it).
The idea goes back to Milton
Friedman, if not before. The central
bank can always repeat, always
add to demand in the economy by
directly creating purchasing power.
Friedman said it could drop cash
from helicopters. More prosaically,
it could mail checks to taxpayers.

Equivalently, the government


could cut taxes or build some bridges and cover the cost with bonds
placed with the central bank. Each
of these interventions, in effect,
marries fiscal policy meaning
direct command over economic
resources to monetary policy.
Theres no question that helicopter money would stimulate
demand. Wouldnt it also cause
inflation, you ask? Indeed it would:
Thats the idea. The more worried
people were that the policy was
about to cause higher inflation, the
more theyd be inclined to spend
rather than save, and the more effective the policy would be.
When deflation is the problem, the prospect of inflation is
the cure. Helicopter money would
be a potent remedy for the sickness
in question.
However, the prohibition against
this kind of monetary-and-fiscal
stimulus is close to total. Quantitative easing in the US, Japan and
Europe pushed the envelope of
permissible monetary stimulus,
its true, but not to the point where
the semi-sacred principle of cen-

tral-bank independence was challenged.


In the euro area, that principle
is enshrined in law. In the US, it
takes the form of a taboo: Leave
the Fed alone to do its job. Helicopter money confronts that principle head-on, because it dissolves
the symbolic barrier between the
central bank and the finance ministry, and makes the central bank a
co-designer of fiscal policy, if not
the outright servant of the Treasury.
Theres a lot to be said for central-bank independence, to be sure.
In ordinary times, shielding monetary policy from the demands
of politicians who are apt to take
chances with inflation makes sense.
Right now, that concern looks
more than a little anachronistic.
The question is whether those ordinary times are ever coming back.
As long as lack of inflation is the
biggest problem, helicopter money belongs on the list of available
remedies. Bloomberg View
Clive Crook is a Bloomberg View
columnist.

Economic forecasts in the age of big data


BY TA RA M SI NC L A I R

IN late July, it came to light in the


press that the US Federal Reserve
had accidentally published economic forecasts for the next five years on
its website.
The forecasts, which make clear
that the Fed does not expect a recession before 2020, revealed worrying
problems not just in terms of data security, but also in the methods used
by its economists.
Given that periods of economic
expansions historically average about
4.8 years, the Feds predictions seem
like wishful and perhaps dangerous
thinking. The economic recovery
following the 2009 global financial
crisis may have been extremely weak;
but we would be wise to prepare for
another downturn in the next few
years.
The disconnect between the Feds
forecast data upon which, in theory, it bases its decisions and the
historical trends is not surprising.
Attempts by economists to predict
the future have had mixed results,
at best; very few foresaw the depth
of the Great Recession, even after it
had already started.
The trouble lies in the fact that

many of the leading indicators used


to measure the economy rely on outof-date, incomplete, or flawed data.
For example, forecasters calculate
real gross domestic product (GDP) on
the basis of initial monthly estimates
of quarterly GDP a statistic that is
often substantially revised as more
data become available.
As a result, forecasts lag behind
reality.
During the third quarter of 2008,
fewer than 30% of the forecasters who
contribute to the Survey of Professional Forecasters predicted a decline in
GDP in the remaining months of the
year; in fact, GDP plunged more than
8% in the fourth quarter of 2008, one
of the largest drops on record.
Economists, policymakers, and
business leaders need better data on
which to base their forecasts.
Fortunately, new sources of information on the economy have recently
emerged: the vast collections of private data collected by search engines
and other Internet companies.
At Indeed, the job-search company where I am chief economist, real-time job data allow us to see which
sectors are attempting to recruit the
most candidates a powerful economic indicator when evaluating the
labour market.
A look at the job postings in the
building industry, for example, al-

lows us to see whether construction


is up or down compared to the previous year, providing insights into the
housing market.
Examining how workers are behaving in their job searches indicates their perception of the labour
markets health, with implications
for economic growth.
My company is just one example
of potential sources of real-time economic data. The Billion Prices Project
at MIT measures inflation using real-time data on online purchases from
hundreds of retailers globally. The
Google Price Index provides similar
information, and Google Trends of-

detectable shifts in the economy.


For example, data on job searches and job postings could be used to
predict employment for the following month.
Properly used, new data sources
have the potential to revolutionise
economic forecasts. In the past, predictions have had to extrapolate from
a few unreliable data points.
In the age of Big Data, the challenge will lie in carefully filtering and
analysing large amounts of information.
It will not be enough simply to
gather data; in order to yield meaningful predictions, the data must be
placed in an analytical framework.
The Fed may have blundered in
releasing its data ahead of schedule.
But its mistake offers us an important
opportunity. In order to improve economic predictions, economists must
be encouraged to seek new sources
of data and develop new forecasting
models.
As we learn how to harness the
power of big data, our chances of
predicting and perhaps even preventing the next recession will improve. Project Syndicate

fers insights from Internet search data.


Researchers are also mining social
media sites for useful leading economic indicators, including the Twitter hashtag #NFPGuesses, a weekly
aggregation of predictions about nonfarm payroll gains.
Zillow, an online real-estate service, collects information about home
sales and mortgages, and companies
such as SpaceKnow are using satellite
imagery to track production.
Unlike the sample survey data
that currently drive forecasts, these
newly available data reflect the Tara M Sinclair, chief economist at
real-time behaviour of economic Indeed, is a professor of economics
actors, revealing previously un- at George Washington University.

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

18 F E AT U R E

Amazons ultra-XY management style


The managements distinction is to take both theories to their extreme
BY ED WA RD H ADAS

eff Bezos is on the defensive. The founder and chief


executive of Amazon says
that the New York Times
has it wrong about the executive corporate culture
at his company. Bezos denies
that the retail giant offers a soulless, dystopian workplace. He
says that the newspapers tales of
tears, endless hours on the job,
constant insecurity and heartless treatment of workers with
personal issues are either exaggerated or exceptional. He has
testimonials from happy Amazonians to support his case.
Of course he does. The company would not have survived without many people who love its culture and many more who tolerate
it. However, the Bezos corporate
style is basically an invitation to
trouble. The problem can be seen
in the boss own description. Amazon, he once said, is friendly
and intense, but if push comes
to shove, well settle for intense.
With that combination, a lot of
shove is pretty much guaranteed.
Theres a management theory
to explain the problem, devel-

oped by management professor


Douglas McGregor in 1960. The
friendly side is his Theory Y, the
idea that workers naturally want to
be excellent, so managers should
encourage them to use all of their
abilities to the fullest.
The intense bit goes with McGregors Theory X, which assumes that
workers naturally do less than they
can, so they need to be prodded
along with careful supervision, and
an extensive array of punishments
and rewards.
A pure Theory Y approach can
work in exceptional circumstances,
when almost all workers are totally
dedicated to the task at hand. The early years of some religious orders, the
operations of crack military groups
and the Manhattan Project for the
development of the nuclear bomb
are examples. Bezos seems to expect
a similarly extreme fervour among
his executives.
But the Amazon vision doesnt
justify an all-Y management style. A
retail revolution, plus Kindle readers for the world and who knows
what else, may have enough appeal
to keep some Amazon executives
working excitedly through the night.
But it is less compelling than gaining the kingdom of heaven or de-

feating the nations enemies. Bezos


needs more than friendly Theory
Y to build his empire.
In that sense, Amazon is a typical employer. Most management
cultures blend Y and X. Bosses are
friendly and supportive, but up to
a point. The workplace is intense
at times, but flexible when needed.
The Amazon distinction is to
take both theories to their extreme.
On the Y side, such leadership
principles as hire and develop
the best, and never settle show
that employees are expected to be
exceptional. On the other, executives mostly live in the intensity of an extreme X-world.
They are constantly monitored
and evaluated. Big carrots of
money and respect alternate
with frightful sticks of shame
and dismissal.
Amazon suggests that the old
management theory needs to be
updated to include a new category:
the ultra-XY company. In this

enterprise, workers are expected to


do great things, but there is almost
no space for illness, outside interests, family life or time fully away
from the job. Some executives thrive
in ultra-XY firms, at least while they
are young, healthy and naive. But
for many workers, even ones with
great ability and a strong desire to
succeed, the pressure is toxic.
Amazons defenders point out that
disgruntled employees can always
leave, and that the executive culture
seems to have worked well for customers and shareholders.
That is fair, although
high-tech successes
such as Google and
fast-growing retailers like Swedens
Hennes & Mauritz
have flourished
with a less intense
Theory Y and a lot
less Theory X.
Fortunately for

Bezos corporate
style is basically
an invitation to
trouble. Photo by
Reuters

Amazonians, both Y and X fanaticisms tend to fade. Ultra-Y


religious orders and crack regiments often slip into corruption,
while ultra-X treatment of workers leads to strikes, sabotage and
bad publicity.
The Times article may be a sign
that Amazons most ultra days are
over. Sooner or later, much of the
company will be too mature to tolerate Bezos-style fervour.
As age produces a softer Amazon, its founder might not be
the right person to lead. In his
response to The Times article,
Bezos promoted a new crusade
against callousness: Our tolerance for any such lack of empathy needs to be zero. This ultra-Y
demand will presumably be enforced with the traditional ultra-X
Amazon rigour.
If that is the thinking, then
Bezos is not getting the message.
The Times tells of an Amazon boss
who showed no sympathy for a
woman who had just had a stillbirth. A company that would tolerate that behaviour has a deep
cultural problem. It cannot be
solved by setting yet another extreme expectation, of kindness
on command. Reuters

Recycling to help the needy via joint venture


BY I MA A I MI NA DIA IBR AHIM

A COMPANY has come up with a


way to encourage and even increase
public participation in helping reduce waste at landfills.
Syarikat Environment Idaman
Sdn Bhd (E-Idaman) manages the
disposal of solid waste in Kedah
and Perlis, and has come up with
the Recycling For Life programme to help support the governments effort to reduce waste
and increase 3R (reuse, reduce,
recycle) activities.
On Feb 24, former deputy prime
minister Tan Sri Muhyiddin Yassin
announced the mandatory separation of household waste by Sept 1,
as part of the governments effort
in reducing the waste at landfills.
E-Idaman chief executive officer
Mohd Saiful Anuar Zainal said the
issue of waste was one that many
paid little heed to. It therefore had
to think outside the box in coming
up with ways to encourage better
public participation.
Recycling for life
Through the Recycling For Life programme, E-Idaman will team up
with the MyKasih Foundation, a
non-profit organisation set up in
2010 to help underprivileged Malaysians using ePetrol Systems, a
cashless payment service.
Mohd Saiful said the joint venture allows residents who recycle

to be given an E-Idaman MyKasih


card. They can then choose whether to redeem the value in the card
for themselves, their community
or to donate it.
When they separate their waste,
we will reward their effort by giving
them a card loaded with a monetary
value corresponding to the weight
of the recyclables. They can use
the card to buy items at MyKasih
Foundation stores. They can also
contribute the money to their community for future activities.
The third option is to donate it
to the MyKasih Foundation, and it

would be put in a fund before being


channelled towards helping needy
families in Kedah or Perlis. Each
family is estimated to receive about
RM80 a month from the fund, he
told Bernama last Thursday.
The pilot project will take place
in October and November. If proven effective, its usage will be implemented nationwide by January 2016.

waste at landfills by 35%.


We a re s p e n d i n g s o m e
RM50,000 a month for the purpose, per landfill.
The separation of waste also
helps E-Idaman simplify the weekly collection schedule for garbage (separated) and bulk waste
(discarded furniture and garden
waste), he said.
Waste is generally separated according to its composition, said
Benets of separating waste
Mohd Saiful. These include plastics,
The move for mandatory separation paper, glass, metals, food waste,
of household waste will also help bulk waste and garden waste.
reduce the cost of managing solid
He believes that the people of

An E-Idaman garbage truck. The company manages the disposal of solid waste in Kedah and Perlis, and has come up with the
Recycling For Life programme to help support the governments eort to reduce waste and increase 3R activities.

both states have been well informed


of the benefits of waste separation,
thanks to public awareness activities by E-Idaman and the Solid
Waste And Public Cleansing Management Corporation.
One neighbourhood,
one recycle bin
To further ease the people into the
programme, E-Idaman has placed
2,000 recycling bins with a capacity of one cubic metre at the major
entrances of every neighbourhood
in Kedah and Perlis.
If the people are reluctant to set
up bins for separate waste at their
own homes, they can separate their
household waste at the recycling
bins in their neighbourhoods.
We are planning to place more
recycling bins around the states by
year end, he said.
The company is also mobilising
its Idaman Squad to help spread
awareness of waste separation and
answer queries from the public,
who are still vague about the process and the implementation of the
upcoming system.
Despite the number of awareness programmes conducted,
many are still ignorant of the importance of the issue. We are distributing some 300,000 pamphlets
around Kedah and Perlis in these
two weeks, and hope that it would
promote better public cooperation
with E-Idaman. Bernama

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

C O R P O R AT E & M A R K E T 19

WEEK
IN FOCUS
Photos by Suhaimi Yusuf,
Sam Fong & Haris Hassan

1
1

Sime Darby Bhd president and


group chief executive officer Tan
Sri Mohd Bakke Salleh (left) and
group chief financial officer Datuk Tong Poh Keow at the groups
media briefing to announce its
fourth quarter ended June 30,
2015 financial results.

UEM Sunrise Bhds acting chief


marketing officer Zadil Hanief
Mohamad Zaidi (left) and chief
executive officer and managing
director Anwar Syahrin Abdul
Ajib at its Signature Selection
campaign launch in Kuala Lumpur on Aug 27.

RHB Banking Group chief financial officer Yap Choi Fong (left)
and chief executive officer and
managing director Datuk Khairussaleh Ramli at the groups financial results press conference
in Kuala Lumpur on Aug 28.

4
CIMBS 1H FINANCIAL RESULTS ... CIMB Group Holdings Bhd chief executive ocer Tengku Datuk Zafrul Tengku Abdul Aziz (left) and chief nancial ocer Shahnaz
Jammal at the groups rst half (1H) nancial results press conference in Kuala Lumpur on Aug 28.

(From left) Mydin Wholesale


Hypermarket director Syed
Ali Syed Abdullah, AmBank
Group chairman Tan Sri Azman
Hashim, and MyKasih Foundation trustee Datuk Yaacob
Md Amin posing with a mock
cheque contributed by AmBank Group at the launch of
AmBank MyKasih community
programme in Johor on Aug 22.

(From left) Selangor Dredging


Bhd group general manager
Loong Ching Hong, managing
director Teh Lip Kim and chairman Eddy Chieng Ing Huong at
the companys annual general
meeting in Kuala Lumpur on
Aug 26.

6
3

(From left) GCH Retail (M) Sdn


Bhd chief executive officer Datuk Tim Ashdown, Agroto Sdn
Bhd chairman Datuk Ahmad
Shalimin Shaffie and chief executive officer Chai Meng Tut seen
when GCH Retail kick-started its
partnership with Agroto, a local
modern farming company, in
Kuala Lumpur on Aug 27.

7
5

(From left) Khazanah Research


Institute managing director Datuk Charon Wardini Mokhzani,
chairman Tan Sri Nor Mohamed
Yakcop and director of research
(cities programme) Dr Suraya
Ismail at the launch of a report
on making housing affordable
in Kuala Lumpur on Aug 24.

(From left) Moodys Investors


Service vice-president [VP]
(senior analyst of sovereign risk
group Singapore) Christian de
Guzman, VP (senior research
analyst of corporate finance
group Singapore Rahul Ghosh
and VP (senior credit officer of
financial institutions group Singapore Eugene Tarzimanov at
a roundtable session in Kuala
Lumpur on Aug 27.

T UESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

20 FO CU S

TU

A birds eye view of the 58th National Day


parade involving participants of government
departments, agencies, the private sectors
and members of the security forces in Dataran
Merdeka, Kuala Lumpur yesterday.

Malaysians celebrate Merdeka


Almost 13,000 participants take part in a mesmerising parade in conjunction with National Day 2015

alaysians from all walks of


life converged in Dataran
Merdeka in Kuala Lumpur
yesterday to proudly display their patriotic spirit
and solidarity in celebrating National Day 2015.
The sea of Malaysians had the opportunity
to witness almost 13,000 participants from
the public and private sectors, security forces,
school students, and a group of mountain
guides taking part in a mesmerising parade
in conjunction with the National Day 2015
celebrations themed #sehatisejiwa (One
Heart, One Soul).
Gracing the event were the Yang di-Pertuan Agong Tuanku Abdul Halim Muadzam
Shah and Raja Permaisuri Agong Tuanku
Hajah Haminah.
Prime Minister Datuk Seri Najib Razak
and wife Datin Seri Rosmah Mansor, Deputy Prime Minister Datuk Seri Dr Ahmad
Zahid Hamidi and wife Datin Seri Hamidah Khamis, Cabinet ministers, and foreign envoys were also present to witness
the ceremony.
Shortly after arrival, Tuanku Abdul Halim took the salute and inspected a guardof-honour mounted by four officers and
103 men from the 1st Battalion of the Royal
Malay Regiment from the Sungai Besi Camp
led by Major Mohd Herdi Ismail.
This was followed by the hoisting of the Jalur
Gemilang (national flag) by Royal Malaysian
Navy personnel, accompanied by the singing
of the national anthem Negaraku. Immediately after, a 14-gun salute was fired by the

Na
ye

bee
the
Ge
the

ma
tion
per
qu
gui
Lou

The Yang di-Pertuan Agong Tuanku Abdul Halim inspecting the guard-of-honour during the 58th National
Day celebration in Dataran Merdeka, Kuala Lumpur yesterday.

41st Battery of the Royal Artillery Regiment.


The celebration, which was broadcast
live nationwide, started with a special performance, Derap Seragam, by 900 officers
and men from the Malaysian Armed Forces.
The performance was a first for the
armed forces at a national day parade;
it was followed by a musical interlude by
school students.

An LED screen measuring 108m by 9m,


the biggest ever used in any celebration in
the country, was also installed in Dataran
Merdeka to enable the thousands of people seated at the terraced seats and along
the road to get a clearer view of the action.
Following that was the pledge of allegiance led by Noradzmi Baba from the Kuala
Lumpur FT Education Department, who has

Nurul Husna Ahmad Tarmizi and her sister Nurul


Hidayah, dressed in Jalur Gemilang, watching
the Negeri Sembilan state-level 58th National
Day parade in the compound of Bangunan Majlis
Perbandaran Seremban yesterday.

the
Sha
po
by
an

con
hir
lan
the

LY

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

FO CU S 21
PHOTOS BY BERNAMA

The 58th National Day celebration participants waving the Jalur Gemilang as they gave a lively performance
in Dataran Merdeka, Kuala Lumpur yesterday.

A sea of colours as performers participating in the 58th National Day celebrations in Dataran Merdeka, Kuala
Lumpur yesterday.

Najib (right) and Ahmad Zahid (left) at Dataran Merdeka during the National Day celebrations in Kuala Lumpur
yesterday. Photo by Af Abd Halim/The Malaysian Insider

been performing the task since 1987. And for


the first time, he was accompanied by five
Gen Y icons who have achieved success in
their field of endeavour.
The five were differently abled Muhammad Zahriff Affandi, a recipient of the National Youth Icon Award; radio and television
personality Fara Fauzana; national wushu
queen Diana Bong Siong Lin; mountain
guide Mohd Rizuan Kauhinin and teacher
Louis Marie Neubert Ambrose.
To further fire up the spirit of patriotism,
the emcees, Saiful Khairi Ahmad, Rudiyan
Shah and Atikah Mahali also recited patriotic
poems, among others Di Tanah Malaysia
by Razali Mohd Yussof and Lentera Zaman by Mahaya Mohd Yassin.
The march past was led by a contingent
consisting of trainees from Institut Kemahiran Belia Negara carrying the Jalur Gemilang and the flags of the states followed by
the Explorasi Sehati Sejiwa contingent.

The latter contingent was made up of


representatives from the Communications
and Multimedia Ministry, government departments and agencies, non-governmental
organisations, and the corporate sector on
a roadshow around the country to promote
the Sehati Sejiwa theme and will conclude
the expedition on Malaysia Day (Sept 16).
The participation of the mountain guides
this time around was of particular interest
as they had played an instrumental role in
rescue missions on Mount Kinabalu in the
aftermath of a devastating earthquake that
struck the area on June 5.
As for the children present, they were a
picture of excitement in seeing various mascots from local animation houses, notably
Upin and Ipin and also BoboiBoy who were
part of the animation contingent, which was
followed by other contingents.
Assets showcased by the Royal Malaysia
Police like the Kawasaki GTR 1400 and Hon-

Congratulations ... three of the nine Merdeka Day babies who were delivered at the Hospital Raja Permaisuri
Bainun in Ipoh, Perak in conjunction with the 58th National Day celebration. (From left) Asmah Angah with
her 12th child born at 12.12am, Amal Munirah Mohd Aniza with her eldest child born at 12.05am and, and See
Lay Khim with her third child born at 4.21am.

da ST 1300 motorcycles used by the traffic


police to control traffic, escort VIPs and for
patrols were also a hit with the crowd.
The armed forces also showed their latest
army, air force and navy assets, including
the G Wagon armaments carrier used by
the infantry, besides armoured personnel
carriers and howitzers.
Up above, the spectators were feasted to a
formation flight by nine Pilatus PC 7 aircraft

which are used for pilots basic training by


the Royal Malaysian Air Force, its latest A
400 M transport plane and a fly-past by 11
Sukhoi SU 30 MKM fighter jets.
Ending the celebration at Dataran Merdeka was a special performance, Rakyat Bersepadu, to reflect the harmony among the
various races in the country. This was captured via traditional dances by more than
1,000 participants. Bernama

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

2 2 I N T E R NAT I O NA L B U S I N E S S

Chinas stock rescue is doomed


If options traders are right and bears see valuations too high for rally to last
BY KA NA NI SH IZAWA

HONG KONG: Options traders


have never been so pessimistic
about Chinas stock market, betting the governments renewed
effort to prop up share prices is
doomed to fail.
The cost of bearish contracts
on the China 50 exchange-traded fund (ETF) has surged to
the highest level versus bullish
ones since they started trading in
Shanghai six months ago. The socalled skew also climbed to a record for a similar ETF in the United States, even as government
buying drove Chinas benchmark
index to a 10% rally in the final
two days of last week.
While policymakers are trying to bolster the market before
President Xi Jinping takes the
stage in a World War II victory
parade this week, bears argue
that valuations are too high for
the rally to last. Chinese investors have about five trillion yuan
(RM3.29 trillion) of borrowed
money riding on stocks, and
many of them are looking for
a chance to exit, according to
Bank of America Corp.
More and more people are
not convinced about A shares,
said Tony Chu, a Hong Kongbased money manager at RS
Investment Management Co,

Confessions
made by four
Citic executives
BEIJING: Four executives of
Citic Securities Co, the nations
largest brokerage, a journalist
at business magazine Caijing
and a staff member at the securities regulator all confessed
to alleged crimes, the state-run
Xinhua news agency said.
The Citic officials, including
managing director Xu Gang,
admitted insider trading, the
news service said.
After a US$5 trillion (RM21
trillion) stock rout, Chinese
officials trying to stabilise the
market are mixing measures
such as state-mandated share
purchases with a campaign
highlighting their efforts to
crack down on alleged market manipulation.
Wang Xiaolu, a journalist for
Caijing, admitted wrongly reporting on July 20 that the China Securities Regulatory Commission (CSRC) was studying
an exit from support measures,
causing panic and confusion.
Liu Shufan, a CSRC staff
member, admitted making
millions of yuan from insider
trading in shares of two companies last year, Xinhua said.
Bloomberg

IN BRIEF
Top Hong Kong
banker says dollar
peg vital for stability
HONG KONG: Hong Kong
risks losing an important tool
for maintaining its market stability if it scraps its currencys
peg to the US dollar, said a
top Standard Chartered China executive. The comments
by Benjamin Hung, the banks
chief executive for Greater China, come amid speculation
that Hong Kongs central bank
may remove the peg after Chinas tumbling stock markets
and the surprise devaluation of
the yuan sent investors rushing to buy Hong Kong dollars
this month. Hung, a member
of Hong Kongs advisory Financial Services Development
Council, said yesterday the
peg had tremendous value
in maintaining investor and
business confidence in the city
state. Reuters

South Korea won falls,


shares post worst
month in two years
Investors monitoring stock market movements at a brokerage house in Shanghai, China, on Aug 18. Chinese policy actions last week
suggest authorities are intent on putting a oor under share prices. Photo by AFP

which oversees about US$20 billion (RM84 billion). Ultimately,


the government needs to reduce
intervention and let more deleveraging happen.
Puts that pay out on a 10% retreat in the fund cost 8.8 points
more yesterday than calls betting
on a 10% gain, according to implied volatility data on one-month
contracts.

Chinese policy actions last week


suggest authorities are intent on
putting a floor under share prices.
The US$5 trillion tumble
in share prices from mid-June
through last Wednesday has damaged confidence so much that
state buying isnt enough to lure
back investors, according to Kenny Tang, chief executive officer of
Jun Yang Securities Co in Hong

Kong. It may take further cuts to


borrowing costs and reserve requirements to convince funds to
return, he said.
Chinas intervention is part of
a broader effort to ensure nothing detracts from Thursdays parade, an event the government
will use to demonstrate its rising
military and political might.
Bloomberg

Brokerages asked to buy back shares


SHANGHAI: Chinas securities regulator asked brokerages to step
up their support for share prices
by contributing 100 billion yuan
(RM65.8 billion) to the nations
market rescue fund and increasing stock buy-backs, according to
people familiar with the matter.

The China Securities Regulatory


Commission (CSRC) gave the order
on rescue-fund contributions at a
meeting with representatives of 50
brokerages on Saturday, which CSRC
chairman Xiao Gang also attended,
said the people. The regulator encouraged listed brokerages to buy back

shares worth as much as 10% of their


total market value, the people said.
China revived its stock-market
rescue programme last Thursday
after the governments absence
from the market earlier in the week
contributed to the biggest two-day
sell-off since 1996. Bloomberg

CCB 1H net prot at, hit by bad loans


SHANGHAI: China Construction
Bank (CCB), one of the countrys
biggest state banks, said net profit
for the first half of the year was flat,
hit by rising bad loans
The banks net profit for the
January to June period rose just
under 1% year-on-year to 131.90
billion yuan (RM86.8 billion), the
bank said on Sunday, just a fraction higher than the 130.66 billion
yuan for the same period last year.
At the same time, its bad loans
rose to 144.40 billion yuan by the
end of June, implying a non-performing loan (NPL) ratio of 1.42%,
said the statement to the Hong
Kong stock exchange, where it
is listed.
The ratio was up by almost a
fifth from the 1.19% at the end of
last year.

As economic growth slows


down and certain businesses and
industries suffer operational difficulties, the banking industry comes
under pressure for maintaining asset quality, the bank said.
Chinas economy grew 7% in
each of the first two quarters, slowing from a 7.4% expansion last year,
which was its weakest since 1990.
CCB said interest rate reform
in China will also affect its performance in the second half as it
brings greater competition.
Earlier this month, China allowed interest rates for fixed deposits of more than one year to
float freely though other deposit
rates are still set based on guidelines from the central bank.
The government already allows
banks to set their own lending rates,

and banks say the moves towards


greater liberalisation have cut into
their profits.
Chinas other Big Four stateowned banks have reported similar
results for the first half.
The Industrial and Commercial
Bank of China, the countrys biggest bank, last Thursday reported
a less than 1% year-on-year rise in
net profit to 149.02 billion yuan for
the first half.
Agricultural Bank of China,
which has traditionally served rural areas of China, said its net profit
for the first half rose 0.3% to 104.32
billion yuan.
Bank of China, the countrys
main foreign exchange bank, said
last Friday net profit increased
1.14% year-on-year to 90.75 billion
yuan in the first six months. AFP

SEOUL : The South Korean


won slid yesterday after US
Federal Reserve officials kept
the door open to a September
interest rate hike despite recent turmoil in financial markets. The won closed domestic
trade down 0.8% to 1,182.5 per
dollar. For the month, it shed
1.1% for the fourth straight
month of losses, marking the
longest sequence of monthly declines since November
2008. The Korea Composite
Stock Price Index reversed early losses and closed up 0.2% to
1,941.49 points, as foreigners
pared their net sales during
the session. Reuters

JGB prices rm on
ight to safety,
month-end demand
TOKYO: Japanese government bond (JGB) prices firmed
slightly yesterday on safety bids
and month-end demand but
many investors were reluctant
to buy ahead of a 10-year bond
auction today. The 10-year JGB
yield dipped 0.5 basis point to
0.375%, while the price of the
10-year JGB futures gained 0.07
point to 147.96. Japanese share
prices fell on renewed worries
that the US Federal Reserve
may raise interest rates, helping to underpin JGBs. Some
pension funds also bought
long-dated bonds to extend
their bond maturity at the end
of the month. Reuters

China QFII quota at


US$76.7b in August
BEIJING: The outstanding
amount of Chinas dollar-denominated Qualified Foreign
Institutional Investor (QFII)
programme inched up to
US$76.7 billion (RM322.1 billion) as of Aug 28, from US$76.6
billion at the end of July, the
countrys currency regulator said yesterday. The QFII
scheme was created by China
to allow foreigners to invest
in Chinese capital markets.
Reuters

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

I N T E R NAT I O NA L B U S I N E S S 23

VIX frenzy exposes obsession with volatility hedging


BY C A L L I E B OST

NEW YORK: Among the many


scary things traders witnessed
as stocks plunged last Monday,
one of the most harrowing was
the sight of the VIX, an index designed to measure investor fear,
briefly going dark.
For almost 30 minutes as hundreds of billions of US dollars
were erased from equities, no
signals were sent by the worlds
most popular sentiment gauge

S&P 500 rout


has room to go
if bond spreads
have anything
to say
BY LU WA NG

NEW YORK: Credit markets


foretold the sell-off in US equities. Should they also prove
prescient in calling its extent,
stock bulls have more to worry about.
In the three times when
the extra yield bond investors demand over treasuries
has climbed as much as it
has since May, the Standard
& Poors 500 (S&P 500) Index
has lost an average of 18%,
according to data compiled
by Bloomberg since 1996 that
excludes recession years. At
its lowest level last week, the
benchmark gauge for American equities was down 12%
from its May peak.
Although the relationship
doesnt always hold, equity
investors have been glued
to the credit market after its
signals foreshadowed the
worst stretch for American
stocks since the turmoil
in 2011, when the United
States lost its AAA rating
on S&P 500. The widening
in bond spreads that began
as equities sat at records is
now viewed as something
that should have been heeded, a sign that a surging US
dollar and turmoil in China
would one day take a toll
on the US.
The credit widening has
been a fear signal. The market took it and finally began to sell off, said Brent
Schutte, senior investment
strategist at BMO Global Asset Management in Chicago,
which manages US$250 billion (RM1.05 trillion). There
are nervous investors out
there who have ridden the
market for five years and
have been sceptical. Now
that theyre seeing this, they
may be selling.
Credit spreads continued
to widen in the run-up to last
months stock rout, with the
extra yield over treasuries
climbing 12 basis points to
170 since the start of August.
Bloomberg

as options prices turned erratic. When it switched on, the VIX


jerked higher faster than anyone
had ever seen, rising 82% on its
first tick to 51, a level not reached
since the financial crisis.
Seeing the VIX at 50 was just
chaotic, said Michael Antonelli,
an institutional equity sales trader
and managing director at Robert
W Baird & Co in Milwaukee. Its
not like there was a headline that
a bank had filed for bankruptcy
or a major corporation was tee-

tering on the brink. Why did it


move that much?
Nothing couldve kept the Chicago Board Options Exchange
Volatility Index from jumping last
Monday morning: global markets
were buckling, Chinas stocks had
plunged 8% and companies like
General Electric Co were in free
fall. And nobodys saying the VIX
broke or acted in a way that wasnt
predictable, given the array of
forces that act in the markets it
reflects.

According to options traders


and analysts, though, a wild ride
was made even wilder by pressure flowing from a network of
interconnected volatility markets,
some of which barely existed as
recently as five years ago.
According to its overseer, CBOE
Holdings Inc, it was simply fear in
the market that drove the surge,
reflected through higher prices in
Standard & Poors 500 Index options, especially as stock futures
reached daily limits. Bloomberg

Berkshire bets US
still thirsty for petrol
Company has amassed US$4.5b stake in Phillips 66
BY NOAH BU HAYAR, BRADLE Y
OLSON AND & M U RTAU G H

OMAHA: In its most significant


energy investment in two years,
Berkshire has amassed a US$4.5
billion (RM18.9 billion) stake in
Phillips 66, making it the biggest
shareholder of the largest US oil
refiner. Berkshire owns almost 58
million shares in Phillips 66, more
than 10% of the total outstanding,
up from the 7.5 million it reported at the end of the first quarter,
according to a regulatory filing issued late last Friday by the Omaha,
Nebraska-based company.

The bet on Phillips 66 is a wager


that an unexpected and significant
rally by refiners during the shale
boom will continue as low oil prices spur demand for gasoline, diesel
and other petroleum products produced by the so-called downstream
sector. Since oil fell by half last year,
gasoline demand in the United States
has surged to an eight-year high, as
drivers see per-gallon prices fall below US$3 and take to the road.
As oil prices have dropped, its
obvious to people in the business
that refiner stocks are your best bet,
Carl Larry, head of oil and natural gas
at Frost & Sullivan LP, said by phone

from Houston. When people say


the oil industry is failing well,
[the] upstream might be, but [the]
downstream has never been better.
An index of four refiners on the
Standard & Poors 500 is up 12%
this year, compared with the larger
energy index, which is down 18%.
Phillips 66 closed at US$77.23 last
Friday in New York, up 7.7% this
year. The increase at Phillips 66 has
trailed the results of some other US
refiners Valero Energy Corp has
gained 19% this year and Tesoro
Corp has climbed 26%. Marathon
Petroleum Corp is up 4.6% for this
year. Bloomberg

Gold isnt the safe haven as thought


BY DEBAR ATI ROY

NEW YORK: Gold bulls piled into


the metal in hopes that the turmoil
sweeping financial markets would
finally help revive prices. They were
wrong.
Instead of a rally, futures in New
York fell for four straight sessions
even as global equities plunged to
a two-year low. Rather than providing a refuge from the meltdown,
golds volatility rose right along
with a measure of equity turbulence, diminishing its appeal as a
haven. As stocks started to recover, the metal kept falling because
of reports that signalled gains for
the US economy.
Its been a tough two years for investors in gold, which first fell into
a bear market in April 2013. More
than US$52 billion (RM218.4 billion)
has been wiped from the value of
physical bullion funds since then.
Money managers last week raised
their net-long position to the highest since June, just before futures
capped the worst slump in a month.
Stubbornly low inflation along with
the prospect of tighter US monetary

IN BRIEF
Toshiba delays annual
results again as more
accounting errors found
TOKYO: Japans Toshiba Corp
further delayed announcing its
business results for the financial year through end-March
after finding more accounting
errors, struggling to draw a line
under a US$1.2 billion (RM5.04
billion) bookkeeping scandal.
Toshiba said yesterday newly
discovered problems included
incorrect impairment charges
on fixed assets. It plans to submit the results by Sept 7 if the
government accepts its request
for extension, it said. Toshiba has
delayed the announcement of its
results by around three months
due to an independent investigation into its past accounting
practices. The probe found that
it had overstated past results by
around US$1.2 billion over several years. Reuters

Japan factory output


turns down in July as
China demand slumps
TOKYO: Japans factory output
contracted a worse-than-expected 0.6% month-on-month in July,
official data showed yesterday,
owing to lacklustre demand at
home and as a slowdown in China weighed on exports. The reading published by the industry
ministry was weaker than the median forecast for a modest 0.1%
rise in a survey of economists
by Bloomberg News. In June, industrial production rose 1.1%
from May. Production cutbacks
in the electrical components and
transport equipment industries
led the decline in manufacturing,
according to the government, as
firms tried to cut down on an inventory build-up. AFP

Citi aims to boost equities


franchise amid shake-out
NEW YORK: Citigroup plans to
rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by
rivals in the face of new rules
designed to make the financial
system less risky, according to
people familiar with the banks
plans. A lack of investment in
equities and a traditional focus on bond trading kept the
No 3 US bank by assets in the
lower echelons of equities
league tables, which measure how much revenue Wall
Street banks earn from their
equity trading units. Reuters

Acer founder says


open to takeover

Twenty-four-carat gold bars seen at the US West Point Mint facility in West Point, New
York. Instead of a rally, gold futures in New York fell for four straight sessions even as
global equities plunged to a two-year low. Photo by Reuters

policy has kept a lid on the metal,


which doesnt pay interest or offer
returns, unlike competing assets.
A good test for gold was the
latest round of volatility, and gold
did not do much, since it has become unattractive as a safe haven,
said Atul Lele, who helps oversee
US$5.1 billion as chief investment
officer at Nassau, Bahamas-based

Deltec International Group.


Futures fell 2.2% last week to
US$1,134 an ounce on the Comex,
the biggest drop since July 24.
The MSCI All-Country World Index of equities rose 0.5%, while
the Bloomberg Dollar Spot Index
advanced 0.7%. The Bloomberg
Commodity Index jumped 1.8%.
Bloomberg

TAIPEI: Acer Inc founder Stan


Shih said he would welcome a
takeover of the struggling Taiwanese computer maker after
a steep fall in its share price,
while warning any potential
buyer would pay a heavy price.
Welcome, Shih told reporters
in response to a question about
whether Acer would be open
to a takeover. He added, however, that any buyer would get
an empty shell and would pay
dearly. US and European management teams usually are concerned about money. Their CEOs
only work for money. Reuters

T UESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

2 4 I N T E R NAT I O NA L B U S I N E S S

IN BRIEF

Asian LNG price faces steep


fall as perfect storm brews
On par with iron ore and coal as the worst-performing commodity in recent years
BY H EN N I NG GLOYSTEIN
& JACOB GRONHOLT-PEDERSEN

SINGAPORE: Asian liquefied natural gas (LNG) prices could fall


a further 25% in coming months
as new supply, falling demand
and weaker oil prices put it on
par with iron ore and coal as the
worst-performing commodity in
recent years.
Asias LNG market has already fared worse than slumping oil markets, with spot prices
down 60% since 2014 to US$8
(RM33.60) per million British
thermal units, ending half a decade of high prices.
Australias biggest energy firm,

Woodside Petroleum, in August


reported a 40% slide in first-half
profits and said it expected LNG
prices to remain low into 2016.
Rating agency Moodys said
yesterday it expected Woodsides
credit metrics to deteriorate substantially from its previously very
strong levels.
LNG prices look to have further to fall.
While crude demand remains
strong, research group Energy Aspects estimates Asian LNG imports
fell 8.5% in the first half of 2015
from the same time last year, as
the regions economies slow.
Add to the mix of El Nino, which
usually means milder winters in

northern Asia, a unique cocktail


for falling prices may appear.
The traditional powerhouses in north Asia are all showing
signs of [demand] weakness at
a point when there are lots of
supply coming into the market,
said Neil Beveridge of Bernstein
Research.
Chinas LNG imports have
slumped from double-digit growth
in recent years to a 3% fall in the
first half of 2015 from a year earlier.
For Japan, the worlds top LNG
importer, the restart of its nuclear power plants is eating away at
LNGs market share in an environment of generally falling energy
demand.

Imports into South Korea have


also fallen due to a slowing economy and rising nuclear power
output.
The slowing demand comes
just as output soars. Following
US$200 billion of investments in
LNG projects, Australias exports
are soaring, tripling its capacity
to 86 million tonnes before 2020,
which will make it the worlds biggest LNG exporter ahead of Qatar.
Australias soaring output comes
at the same time as the United
States starts exporting for the first
time towards the end of this year.
A 25% fall in oil prices since
June is adding to LNG weakness.
Reuters

Mitsubishi Estate to build new Tokyo oce, retail complex

Indonesia
favouring China
in railway bid
BY K A N U PRI YA KAP OOR
& H I DAYAT SETIA JI

JAKARTA: Indonesia is leaning


towards China over Japan in
an aggressive bidding battle
to build the Southeast Asian
nations first high-speed railway (HSR), two government
sources involved in making
the decision said.
The two Asian giants have
both sent envoys to lobby Indonesian officials over the past
two weeks, each sweetening
the terms of their bid for the
contract worth about US$5
billion (RM20.99 billion).
Analysts believe that whoever wins will likely become
the front runner for other HSR
projects in Asia over the coming years, including one linking Kuala Lumpur and Singapore.
President Joko Widodo is
expected to announce the
winner within days. Reuters

tive officer Hirotaka Sugiyama at a


media briefing.
Mitsubishi Estate has already
redeveloped a significant portion
of Tokyos Marunouchi district near
the latest project site over the past
decade and turned it into Japans
financial hub.
Marunouchi area boasts the
highest office rents in Japan with
a vacancy rate of around 2%, half

of Tokyos central business district


average.
However, Mitsubishis rivals
such as Mitsui Fudosan Co Ltd and
Mori Building Co are redeveloping
other parts of Tokyo to lure tenants
as Japans economy recovers.
Mitsubishis new project is due
to be completed by March 2028,
and the cost for the project may
change depending on construction

costs and land prices, Mitsubishis


officials said.
The new complex will be three
times bigger than Marunouchi
Building, which Mitsubishi Estate
completed in 2002.
Mitsubishi plans to complete
construction of four previously announced office towers in
Marunouchi before building the
tallest office tower. Reuters

Largest ever natural gas eld found o Egypt


CAIRO: Italian energy giant Eni
on Sunday announced the discovery of the largest ever offshore natural gas field in the
Mediterranean, in Egypts territorial waters.
The discovery, confirmed by
Egypts oil ministry, could hold a
potential 850 billion cu m of gas
in an area of about 100 sq km,
Eni said in a statement.
Its the largest gas discovery
ever made in Egypt and in the
Mediterranean Sea and could
become one of the worlds largest
natural gas finds, the firm said.
The so-called Zohr project
discovery is expected to meet
Egypts own natural gas demands
for decades.
The supergiant field is located at a depth of 1,450m in the
Shorouk Block, Eni said.
The firm said it would immediately appraise the field with the
aim of accelerating a fast track
development of the discovery,
giving a time frame of four years.
It added that Enis chief executive officer, Claudio Descalzi,
has visited Cairo and discussed
the discovery with Egyptian Pres-

Egypt
2$",0%,/"+12/)
$0#&")!!&0 ,3"/"!
Mediterranean
Sea

LIBYA

TOKYO: Japans Mitsubishi Estate


Co said yesterday it would build a
massive office and retail complex in
central Tokyo for a cost of more than
1 trillion (RM34.63 billion), adding
more space to the nations capital.
The 3.1ha complex, to be adjacent to Tokyo Station, will feature
four towers including a 390m-high
building that would be Japans tallest office tower, said chief execu-

A potential
850 billion
cubic metres
CAIRO

SINAI

200 km

EGYPT

Red
Sea

ident Abdel Fattah al-Sisi and


Prime Minister Ibrahim Mahlab.
This historic discovery will
be able to transform the energy
scenario of Egypt, Descalzi said

in the statement.
Italian Prime Minister Matteo
Renzi, in a message to Descalzi,
congratulated the oil company
on the extraordinary discovery.
A find of this size should be
enough to cover a lot of Egypts
energy gap, Robin Mills, a Dubai-based analyst at Manaar Energy Consulting, told Bloomberg
News.
Theyll likely have to meet
domestic needs first, before any
export plans are discussed. This
will also put a damper on Israeli plans to export gas to Egypt,
he added.
Egypt, the largest country of
the Arab world, is of strategic
and economic interests to Italy. It was the first country Eni
expanded to some 60 years ago
from its base in Italy.
Previously Italy invested heavily in neighbouring Libya, but for
the past four years Libya has been
mired in chaos and violence.
In recent years the western
Mediterranean has seen a jump
in gas exploration. In 2010, major
natural gas fields were found off
Israel. AFP

Olam gets share price


boost after Mitsubishis
20% stake acquisition
SINGAPORE: Mitsubishi Corps
decision to spend US$1.1 billion
(RM4.62 billion) for one-fifth of
Olam International is a key vote
of confidence that will allow the
Singapore commodities trader
to exploit merger-and-acquisition opportunities thrown
up by the slump in the global commodities market. The
deal will also help Olam, whose
accounting practices were attacked in 2012 by short seller
Muddy Waters before it was rescued by Singapore state investor
Temasek, make greater inroads
into Japan while gaining a hand
in building businesses in Africa. Olams share price shot 9%
higher last Friday; although the
stock, which has a limited free
float, remained below the Japanese trading houses purchase
price of S$2.75 (RM8.17) per
share. Reuters

BOC Aviation taps


cash-rich Japanese
banks for US$300m loan
SINGAPORE: Singapore-based
BOC Aviation Pte Ltd has finalised a US$300 million (RM1.26
billion) syndicated loan with 18
Japanese banks in an opportunistic move ahead of an expected rise in US interest rates, said
Robert Martin, chief executive
officer of the Asias No 2 aircraft
lessor. The unsecured financing
was closed with the Japanese
banks, led by Development Bank
of Japan, Martin told Reuters in
an interview yesterday. Thirteen
of the participating banks were
new to BOC Aviation, highlighting interest by Japanese lenders
to increase exposure to overseas
assets. Reuters

Singapore July bank lending rose on housing loans


SINGAPORE: Singapores total
bank lending in July rose on
stronger demand for property
loans and from the general commerce sector, central bank data
showed yesterday. Loans and
advances by domestic banks
in the city state amounted to
S$610.4 billion (RM1.81 trillion)
last month, according to data
from the Monetary Authority
of Singapore. July bank lending grew 2.2% from S$597.4 billion a year earlier. Housing and
bridging loans in July increased
to S$181.6 billion from S$172.6
billion in July 2014. Reuters

Keppel to buy owner of


LeTourneau rig designs
SINGAPORE: Mainboard-listed
Keppel Corp said yesterday that
its subsidiary, Keppel Offshore
& Marine, is buying the owner of LeTourneau jack-up rig
designs from Cameron International Corp for US$100 million (RM420 million) in cash,
The Straits Times reported. The
company said the LeTourneau
suite of jack-up rig designs are
established designs that have
been popular with certain market segments and have a proven
track record of operating in a
variety of environments.

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

I N T E R NAT I O NA L N E W S 2 5

Beijing deploys monkeys and falcons for war parade


BEIJING: Chinas air force has called
monkeys and falcons into service to
ensure safe skies for a huge military
parade this week to mark Japans
defeat in World War II, reports said.
Almost 200 aircraft will take part
on Thursday in commemorations
for the 70th anniversary of what
Beijing calls the Chinese Peoples

Indias top court


suspends ban on
Jains fasting
to death
NEW DELHI: Indias Jain community scored a legal victory
yesterday when the Supreme
Court temporarily lifted a ban
on the traditional ritual of Santhara, or fasting to death.
Thousands of Jains protested across India last week after
a court in the western state of
Rajasthan ruled that Santhara
was a form of suicide, which is
illegal in India.
Jainism is an ancient ascetic
religion whose followers adhere
so closely to the principles of
non-violence that many do not
even eat root vegetables because
uprooting them could harm tiny
creatures living in the soil.
Rajesh Jain, a lawyer representing the community, said the
court had issued a temporary
stay order on the ban pending
a full hearing into a legal challenge by Jain groups.
Community leaders welcomed the ruling and said it
would give them time to make
their case to the Supreme Court.
Our principles have won.
The Supreme Court has stayed
the order, the vice-president of
the Jain Conference, Subhash
Oswal, told media outside the
court.
Only a small minority of
Jains, estimated at a couple of
hundred every year, take the vow
to give up food and water as a
way of embracing death. AFP

War of Resistance against Japanese


Aggression and the World Anti-Fascist War.
The animals have been deployed
at an air force base involved in the
parade, which officer Wang Mingzhi
said was in a bird migration corridor
with 400 to 500 species present
potentially affecting aircraft safety.

Pictures on news portal Sina


showed a macaque on a red leash
standing on its hind legs and mimicking the salute of an officer in a
camouflage uniform beside it.
The monkeys had mastered
the skills to destroy bird nests, Wang
was quoted as saying.
There is no problem doing this,

he said in the report posted on Sunday, adding that they had graduated after being trained for one
month.
The animals take twigs out of
nests one by one before shaking the
remaining parts down from the tree,
Sina said, adding the whole process
takes only about a minute. AFP

China party says no


disrespect meant with
Jiang sign removal
After rumours of destabilising party infighting
BY BEN BLAN C HARD

BEIJING: The removal of a stone


plinth sign written by former Chinese president Jiang Zemin at the
entrance of a key Communist
Party training centre was not a
sign of disrespect, a senior official said yesterday, after rumours
of destabilising party infighting.
Jiang stepped down as party chief in 2002 and state president in 2003 but remained head
of the military for another year
after stacking the Politburo, one
of the partys elite ruling bodies,
with his people.
He remains influential to this
day.
Rumours periodically circulate
in leadership and diplomatic circles about Jiang, especially arguments between him and President
Xi Jinping about policy which,
with Chinas political system be-

ing as opaque and secretive as it is,


are impossible to verify.
So when a stone sign for the Central Party School, which was written
in Jiangs distinctive calligraphy, was
removed from the front entrance in
early August, speculation spread
that this was a sign of infighting between Xi and Jiang and that Xi was
signalling his displeasure with Jiang.
The partys official newspaper
Peoples Daily had already stirred
the pot with a commentary criticising unnamed officials who clung to
power after retirement and caused
party splits.
Asked whether the party leadership was trying to send a message with the signs removal, Zhuo
Zeyuan, head of the schools political science and law department,
said he was aware of the concern
this issue had attracted at home
and abroad.
The plinth, he told a news confer-

ence ostensibly about a military


parade this week marking the end
of World War II, had been moved
to within the schools ground, as
too many people had been stopping outside the main road to take
pictures of it, which had become
a safety issue.
Also, the Central Party School
is undergoing a full refurbishment, and moving it to the front of
the main building in fact does not
mean any disrespect to comrade
Jiang Zemin. We still respect him
as before, said Zhuo, who has
given lectures to the Politburo.
The school, which trains rising
officials, had set up a central axis
of displays as part of the renovations, including statues of Deng
Xiaoping, who ushered in Chinas
landmark economic reforms in
the late 1970s, and Mao Zedong,
the founder of Communist China,
Zhuo said. Reuters

Growing numbers of rhinos poached in South Africa


JOHANNESBURG: The number of
rhinos killed by poachers in South
Africa continues to climb this year,
with demand for rhino horns in Asia
pushing the slaughter ever higher,
the government said on Sunday.
As of last Thursday, the number
of rhinos lost to poachers was 749
for the whole country, said Environment Minister Edna Molewa.
Of these, 544 were poached in
the Kruger National Park (KNP).
By last year this time the number
of rhinos lost to poachers was 716
for the whole of the country and
459 for the KNP.
South Africas rhinos have been
under siege for years. The horn is
worth as much as gold in Asian
markets, because of its perceived
medicinal properties.
It is composed mainly of keratin,
the same component in human nails.

There was some good news on


the anti-poaching front however,
with Molewa reporting that 138
poachers had been arrested in
KNP this year, up from 81 in the
same period in 2014.
The poaching figures are not
cause for despondency, she said.
Were it not for the interventions
I have outlined, they could unfortunately be far worse.
Of course we have to do far
more if we are to stop the slaughter of these animals.
Rangers in KNP have notably
been equipped with infrared binoculars to try and catch the poachers who operate at night.
Over the past eight years,
the number of rhinos killed has
reached new records annually.
According to official figures,
1,215 of the animals were slaugh-

Illegal rhino hunt


White rhino
Population: 20,700 in South Africa
8,400 in Kruger National Park

South Africas toll


Rhinos poached

1,215
1,004

Poachers
arrested:
386 in 2014,
343 in 2013

668

Also:
Namibia,
Botswana,
2015* Zimbabwe,
749 Swaziland,
Mozambique
Status:

Near
threatened

448
333
83 122
13

*as
of
Aug 27

07 08 09 10 11 12 13 14
Source: SAfrica govt/Savetherhino.org

tered in 2014 compared with 1,004


in 2013, 668 in 2012, 448 in 2011,
333 in 2010, 122 in 2009, 83 in 2008
and just 13 in 2007.
Some experts believe the real

figures are even higher as some of


the carcasses are never recovered.
Only some 20,000 rhinos remain
in South Africa, about 80% of the
world total. AFP

IN BRIEF
Japan complains to UN
over Bans China military
parade visit
TOKYO: Tokyo said yesterday
it had complained to the United Nations (UN) over Secretary-General Ban Ki-moons
plan to attend a huge military
parade in Beijing on Thursday
to mark the 70th anniversary
of Japans defeat in World War
II. Top government spokesman
Yoshihide Suga called on the UN
to be neutral, after Tokyo issued
a complaint to the 193-member
body last Friday. We want to
encourage member countries
to look to the future and not to
unnecessarily focus on particular events in the past, Suga told
a press briefing yesterday. Chinese officials listed two dozen
heads of state and government
as attending, with Russian President Vladimir Putin, South Koreas Park Geun-Hye and South
Africas Jacob Zuma among the
most prominent. AFP

Ex-Philippine president to
attend China World War II
commemorations
MANILA: Former Philippine
president Joseph Estrada will
attend Chinas huge military parade this week marking Japans
defeat in World War II despite
the territorial tensions between
Manila and Beijing, his spokesman said yesterday. However the
disgraced ex-leader will attend in
his capacity as mayor of Manila
and not as a representative of the
national government, said his
media affairs chief Diego Cagahastian. He will be going as an
invited guest. Manila is the sister
city of Beijing and he is going as
mayor of Manila, Cagahastian
told AFP. Estrada was to leave
for China yesterday and return
on Sunday, he added. AFP

Cambodia says no plan


to take more refugees
PHNOM PENH/SYDNEY: Cambodia said yesterday it did not
intend to accept any more refugees from a South Pacific detention centre under an agreement with Australia, dealing a
blow to the controversial resettlement scheme criticised by rights
groups. Australia has vowed to
stop asylum seekers sailing from
Indonesia and Sri Lanka and
landing on its shores. Australia
and Cambodia agreed in last
September that some refugees
would be resettled in Cambodia
in exchange for Australian aid,
but only four have arrived since
then. Reuters

China to open rail line


to North Korean border
BEIJING: China will open a highspeed rail line to the North Korean
border on Thursday, state news
agency Xinhua said, the latest
effort to boost economic ties despite tensions between the countries. The line, under construction since 2010, will run 207km
from Shenyang to the border city
of Dandong, Xinhua said. The
new link will raise the regions
economic competitiveness, the
report cited an unnamed railway
official saying. Reuters

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Police seek new suspects


in Bangkok blast attack
More bomb-making materials discovered in second apartment
BY THA NA POR N P ROMYAMYAI
& A PI L A PORN V ECHAKIJ

BANGKOK: Police investigating


the deadly Bangkok blast said
they were seeking a Thai woman
and an unidentified man after
bomb-making materials were
discovered over the weekend in
a second apartment raided by
police.
The blast that hit the Erawan
shrine in a busy shopping district
on Aug 17 was Thailands worst
single mass-casualty attack, with
most of the victims ethnic Chinese tourists from across Asia.
The new lead came after police
said they made a breakthrough in
their case, detaining an unnamed
foreign man on Saturday morning
at another flat where detonators,
industrial pipes and ball-bearings
were found.
In a televised broadcast yesterday national police spokesman Prawut Thavornsiri showed

Indonesian
workers to stage
mass protest
against layos
JAKARTA: Indonesian trade unions expect tens of thousands of
workers to call for higher wages at a mass protest against job
cuts today, upping pressure on
the government as it struggles to
kick-start an economy growing at
its slowest in six years.
Labour-intensive sectors have
shed thousands of jobs in recent
months, while workers contend
with rising food prices that made
Indonesias annual inflation, at
7.26% in July, the highest in the
region.
We are expecting up to 100,000
lay-offs this year ... so we ask the
government to stop the rhetoric
and come up with regulations to
save workers purchasing power,
said Subianto, secretary-general
of the Indonesian Workers Confederation, which has two million
members and is one of several unions participating in the protest.
Some 8,000 police are expected to be deployed to marshall the
protest, with at least 50,000 workers due to march in the capital
Jakarta, Jakarta-based risk consultancy Concord Consulting said
yesterday.
Unemployment in Southeast
Asias largest economy stood at
5.81% in February, according to
official statistics, but analysts say
that doesnt cover the informal
sector and the real figure could
be much higher. Reuters

Photograph of Wanna Suansan (right) taken from an ocial identity card, and a sketch of
an unidentied man with a moustache also wanted in connection with the bomb blast.

a photograph of the wanted Thai


woman, taken from an official
identity card, showing her wearing a black hijab.
He named her as 26-year-old
Wanna Suansan the first time
a suspect in the bombing probe
has been identified.
A sketch of an unidentified
man with a moustache was also
broadcast.

Prawut said the two were believed to be renting a second room


where more bomb equipment was
found, as police search for possible accomplices to the shrine
bombing.
We found fertiliser bags,
watches, radio controls parts to
make bombs and electric charges,
Prawut told AFP yesterdy, shortly before the national broadcast.

He said the items were found


during a raid on an apartment in
the northeastern suburb of Minburi over the weekend, adding
that the type of fertiliser found
was urea-based.
Urea nitrate is a compound
commonly used in homemade
bombs.
Potential perpetrators named
by the police and experts before the
man was arrested have included
international jihadists, members
of Thailands southern Malay-Muslim insurgency, militants on both
sides of the countrys festering political divide or someone with a
personal grudge.
Media accompanied police during a search of multiple flats in
Minburi on Sunday. The area is
near to Nong Chok, another suburb
where the unidentified foreigner
was arrested on Saturday.
Both districts are mixed suburbs
with significant Muslim populations. AFP

Thai police give themselves reward


REUTERS

BANGKOK: Thailands police chief


announced yesterday he was handing his own officers a reward of some
US$84,000 (RM352,800)for apprehending a man who has been charged
in connection with this months deadly Bangkok bomb blast.
Police General Somyot Poompanmoung (pic) held up three million
baht (RM350,895) in cash in tightly
stacked notes which he said would
be distributed among his men following the arrest of a foreign man
on Saturday.
One million baht comes from me,
the other two million baht came from
my businessmen friends who do not
want to be named, he told reporters
at a press conference at the police
headquarters.

Somyot said the reward money


was going to the police because the
public had not helped in tracking
down the man.
It is clear that it was the authorities
alone, he said, adding that they had

not received tip-offs from the public.


Police and private citizens had
previously offered rewards for information that led to the capture of
anyone involved in the deadly blast.
It is unclear if there is a reward still
available for the public.
The Saturday arrest was the first
major breakthrough in an investigation that appeared to have stalled
following the Aug 17 blast, Thailands
worst single mass-casualty attack.
Police came under pressure in
the days after the blast for failing to
make a swift arrest despite having
CCTV footage of the alleged bomber.
They have also been criticised for
giving contradictory and confusing
statements on the progress of the
probe. AFP

Japan eyes defence budget hike


BY TIM KEL LY

TOKYO: Japans Defense Ministry


is seeking a fourth straight annual
military budget hike to help fortify
the countrys far-flung island chain
in the East China Sea, close to ocean
territory claimed by Beijing.
In a document submitted to the
government yesterday, the ministry asked for a 2.2% increase in
military spending to 5.09 trillion
(RM175.96 billion) for the year
starting in April. If approved, the
new defence budget would be Japans biggest in 14 years.

Chinas military budget for this


year rose 10.1% to 886.9 billion yuan
(RM583.29 billion), the second largest in the world after the United
States.
Japans Defense Ministry will
buy AAV7 amphibious assault
vehicles made by BAE Systems,
F-35 Stealth warplanes made by
Lockheed Martin Corp and Osprey
tilt-rotor transport aircraft from
Boeing Co under the budget plan,
said the document.
Other purchases would include
Global Hawk drones made by
Northrop Grumman Corp, mobile

missile batteries, helicopters and


other kit the military wants to defend island-dotted ocean territory
stretching 1,400km from the Japanese mainland almost to Taiwan.
Money would also be allocated
to building and extending military
bases along the island chain, the
document added.
As Chinas military power grows,
Japan is shifting from defending its
northern borders from a diminished
Russian threat with tanks and heavy
armour to deploying a lighter, more
mobile force in the East China Sea
and the Western Pacific Reuters

IN BRIEF
Former Thai PM appears at
Supreme Court over doomed
rice subsidy scheme
BANGKOK: Former Thai prime
minister Yingluck Shinawatra
appeared before the Supreme
Court yesterday to review evidence in a case involving rice
subsidies that haemorrhaged
billions of dollars and could see
her jailed for up to 10 years for
negligence. Yinglucks flagship
election policy helped sweep
her to office in a landslide in
2011, but its failure saw her
banned from politics for five
years in January by a legislature
appointed by the generals who
toppled her government. The
grain policy, which has since
been discontinued, aimed at
boosting farmers incomes by
buying their rice at above market prices. Reuters

Indonesia looks to
increase emissions cut
pledge ahead of Paris meet
JAKARTA: Indonesia is looking
to increase its current pledges
on cutting emissions growth,
a senior government adviser said yesterday, with a final
decision likely by mid-September. Home to the worlds
third-largest tropical forests,
and the biggest palm oil producer, Indonesia will have a
key role at the United Nations
Paris climate conference late
this year, which is designed to
reach a plan to reduce global
warming. We intend to increase the contribution and we
will do so, Rachmat Witoelar,
President Joko Widodos special
envoy for climate change, told
Reuters. But we have to figure
out the timeline. Reuters

Fuel pump fault sees


Qantas A380 ight diverted
SYDNEY: A Qantas passenger jet
bound for Sydney was diverted to
the west Australian city of Perth
yesterday after the pilots detected an issue with a fuel pump,
the airline said. The Airbus A380
was travelling from Dubai when
the problem was detected, forcing an unscheduled landing in
Perth shortly before 3am (1900
GMT Sunday).While travelling
to Sydney from Dubai, the pilots
received an indication that there
was a technical issue with the aircraft so they diverted to Perth to
have the issue repaired, the airline said in a statement. AFP

Ex-cop arrested in
Mexican journalists slaying
MEXICO CITY: Mexican authorities on Sunday arrested a former
police officer in connection with
the brutal slaying of a prominent
photojournalist and four others
in a case that sparked international outrage. Police arrested
a man identified as Abraham
Torres Tranquilino for alleged
involvement in the killing of Ruben Espinosa, rights activist Nadia Vera and three other female
victims, Mexico City prosecutor
Rodolfo Rios said in a statement.
Espinosa and the other victims
were found dead on July 31 this
year in a Mexico City apartment.
AFP

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I N T E R NAT I O NA L N E W S 2 7

Church leaders urge to oppose same-sex marriage


MANILA: Leaders of the Philippines dominant Catholic church
have called on individuals and politicians to actively oppose same-sex
marriage, after new efforts by activists
to have same-sex unions legalised in
the conservative nation.
The Catholic Bishops Conference of
the Philippines (CBCP) issued a statement on Sunday saying individuals

should refuse to take part in ceremonies celebrating same-sex relationships


and politicians should resist legalising
marriages of homosexual couples.
A homosexual union is not and
can never be a marriage as properly understood and so-called, the
CBCP said in the statement posted
on its website.
There are absolutely no grounds

for considering homosexual unions


to be similar or even remotely analogous to Gods plan for marriage and
the family.
It added that Catholic lawmakers
have a moral duty to express their
opposition clearly and publicly
and to vote against the law.
CBCP president Bishop Socrates
Villegas confirmed with AFP yester-

day that the statement was the position of the church, which is followed
by more than 80% of Filipinos.
The statement comes as activists
push to have same-sex unions legalised, which would require a law to be
passed in the deeply conservative
country where divorce and abortion
are still illegal largely due to Catholic
pressure. AFP

Hungarian motorway 25km jam


As Austria authorities crack down on migrant crossings
BUDAPEST: A Hungarian motorway leading to Austria was
jammed for 25km yesterday
morning as Austrian authorities
tightened controls on vehicles
that could be used for human
trafficking, national news agency
MTI reported.
Besides the M1 motorway, a
secondary main road was also
jammed, state road operator
Magyar Kozut told MTI. Over
the past three days, police have
caught 8,792 migrants crossing
into Hungary, most of them from
Serbia.
Hungarian police said on
Sunday they had arrested a fifth
suspect in connection with the

US hiker missing
for nine days
found alive
SAN FRANCISCO: A badly hurt
missing woman who endured
nine days without food in the
fire-threatened Californian wilderness has been found alive in
what rescuers called an utterly amazing story of survival.
Miyuki Harwood, 62, was
taken to hospital with broken
bones and severe exhaustion
after going missing during a
hiking trip on Aug 20 in an inhospitable section of Fresno
County.
An increasingly desperate
Harwood survived by drinking
water from a creek, before rescuers located her on Saturday.
They found her in a very remote area in the Sierra Nevada
mountains on a very rocky location, Sheriff Margaret Mims
said.
California Highway Patrol
officer Rusty Hotchkiss said
Harwood, from the California
town of Orangevale, had only
planned on hiking for the day
and didnt have any food.
She basically crawled from
where she was injured down to
a creek, Hotchkiss told CNN.
It took her about two days
to do that. And then she was
able to drink from the creek
with the water filter to stay
alive. AFP

deaths of 71 migrants whose bodies were found in an abandoned


refrigeration lorry on a highway in
Austria last week.
Austrian authorities toughened
controls along the countrys eastern
borders yesterday, stopping hundreds of refugees and arresting five
traffickers in a clampdown that followed last weeks gruesome discovery of 71 dead migrants in a truck.
At a news conference in Vienna,
Interior Minister Johanna Mikl-Leitner and one of her top deputies rejected suggestions that the border
checks constituted a violation of Europes passport-free Schengen zone.
Konrad Kogler, director-general
for public security at the ministry,

told reporters the checks had been


agreed with Germany, Hungary and
Slovakia, and had already uncovered more than 200 refugees and
five people smugglers.
These are not border controls,
said Kogler, noting that checks were
taking place across Austrias territory as well. It is about ensuring
that people are safe, that they are
not dying, on the one hand, and
about traffic security, on the other.
Hundreds of thousands of migrants are trying to reach the European Union, fleeing violence and
poverty in the Middle East and Africa. More than 140,000 have been
caught by Hungarian police on the
Serbian border so far this year. The

overwhelming majority head on


to richer western Europe, many
to Germany.
The clampdown on trafficking
at the Austrian border is likely to
mean that migrants get stuck in
Hungary, as without a valid visa
and travel documents they cannot use trains or buses.
In front of Budapests Eastern Railway station, over 1,000
migrants, families with babies
and children, were waiting yesterday in the summer heat, lying
on blankets on the floor.
Late on Sunday, dozens of migrants protested, demanding that
authorities let them get on trains
to Austria. Reuters

Saudi women allowed to run in local elections


BY ABDEL HAD I AL-HABTO O R

JEDDAH: Saudi Arabia allowed


women to register to stand in local
elections on Sunday, in a historic first for the ultra-conservative
Muslim kingdom.
In a country where women face
a host of restrictions including a
driving ban, the move was welcomed as an important step forward.
But it also faced criticism from
hard-line conservatives and from
rights groups who said it does not
go far enough in providing women
with equal rights.
It came after another first earlier
this month, when women started to
register as voters for the December
local elections at centres run by
all-female staff, separate from registration facilities for Saudi males.
Saudi blogger Eman al-Nafjan,
who has registered as a voter in
Riyadh, told AFP that taking part
in the elections is a positive step
but warned that there are major obstacles that prevent women
from participating, such as transportation.
Women in the oil-rich Gulf state,
which applies a strict segregation
of the sexes, are banned from driving and have to cover themselves
in public from head to toe.
They also have to obtain the
consent of a male guardian to travel, work, apply for a passport or
to marry.

Gender equality ranked


Saudi Arabia is ranked 130 out of 142 countries listed in the
World Economic Forum annual index on equal opportunities

Equal
Best
Iceland
Finland
Norway
Sweden
Denmark
Nicaragua
Rwanda
Ireland
Philippines
Belgium

0.9
Selected
0.8
0.7
0.6
0.5

Worst
Morocco
Jordan
Lebanon
Ivory Coast
Iran
Mali
Syria
Chad
Pakistan
Yemen
Assessed in
economic participation,
education, health,
and political
empowerment

0.4
0.3
0.2
0.1

Germany
Latvia
France
South Africa
US
Ecuador
Britain
Spain
Malawi
Mongolia
Ukraine
Singapore
Thailand
Israel
Italy
Brazil
Russia
Vietnam
China
Indonesia
Japan
India
South Korea

Saudi Arabia

Not equal

Mauritania
Guinea

Source: WEF Global Gender Gap Index 2014

The late king Abdullah in 2011


granted women the right to vote
and to stand as candidates in this
years local elections.
Saudi-funded newspaper alHayat reported this month that
around 200 women had expressed
an interest in standing as candi-

dates in the Dec 12 vote.


Candidate registration is to run
until Sept 17, while voter registration ends on Sept 14.
Out of 1,263 polling stations in
284 municipalities across the monarchy, 424 have been reserved for
women voters. AFP

IN BRIEF
Indian scholars
murder sparks anger
BANGALORE: Indian scholars
yesterday condemned the execution-style killing of a leading scholar who had spoken out
against idol worship and angered
hard-line Hindu groups in the
run-up to his death. M M Kalburgi, an academic and writer
from southern Karnataka state,
was shot in the forehead after
opening the door of his home on
Sunday morning and later died in
hospital, police said. The motive
for the killing is unknown; but
Kalburgi, who was 77, had been
given police protection in the past
after receiving death threats from
Hindu hardliners. Security cover
was withdrawn last year on Kalburgis insistence, as he wanted
to be accessible by anyone being
a public figure and popular in literary and social circles, Karnataka additional director-general of
police Alok Mohan said. AFP

IS destroyed part of
famed Palmyra temple
BEIRUT: The Islamic State (IS)
jihadist group has blown up parts
of the Temple of Bel in Syrias ancient city of Palmyra, a monitor
and activists said. The Syrian Observatory for Human Rights said
late on Sunday that the jihadist
group had placed explosives inside the famed temple, at least
partially destroying the building considered Palmyras most
significant. Mohamed Hassan
al-Homsi, an activist from Palmyra, also reported the partial
destruction on Sunday night, a
week after IS destroyed the Baal
Shamin temple at the historic
Greco-Roman site. They laid
the explosives today (yesterday),
using booby-trapped boxes and
barrels that were already prepared by IS, he said. AFP

Taliban admits covering


up Mullah Omars death
KABUL: The Taliban yesterday
admitted covering up long-time
leader Mullah Omars death for
more than two years, saying he
died in 2013, as first claimed
by the Afghan intelligence. The
group had continued as recently
as July to release official statements in the name of Omar, who
had not been seen in public since
the Taliban was toppled from
power in Kabul in 2001. It confirmed on July 30 that he had died
but did not say when, deepening
internal divisions as many insurgents accused the leadership of
covering up his death for two
years. AFP

Tallest mountain in
North America renamed
WASHINGTON: Mount McKinley, the tallest of North Americas mountains, is officially being renamed Denali, the White
House said on Sunday, on the
eve of President Barack Obamas historic visit to Alaska. The
mountain was named in 1896
for a future US president, William McKinley, but local authorities had worked on the change
for years, restoring an Alaska
Native name with deep cultural
significance. AFP

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2 8 S P O RT S

IN BRIEF

Doping in spotlight despite


Beijing fireworks

Braves honour fan who


died in stadium fall

While Bolt achieves sprint treble at World Championships


BEIJING: A thrilling world athletics championships in Beijing
failed to silence growing questions about doping, giving the
sports new boss Sebastian Coe
much to ponder as he heads towards an Olympic year.
While sprinter Usain Bolt led
a barrage of superstar performances at the Birds Nest stadium, scepticism was also not
hard to fi nd following allegations of widespread drug abuse
by elite athletes.
Britains Coe won a narrow vote
to succeed 82-year-old Lamine
Diack as president of world body,
the International Association
of Athletics Federations, and
improving the besmirched image
of athletics will be his top priority.
We are more than a discussion about test tubes, blood and
urine, Coe told reporters on
Sunday. It is ostensibly a clean
sport, we have our challenges

... and no one would deny that.


However, after thousands of test
results were leaked to media before the championships, the issue
of doping was never far away and
many of the positive headlines were
accompanied by darker questions.
Kenya finished top of the medals table, but they were also the
only team to fail doping tests after
two of their athletes were caught
out by pre-competition controls.
Bolts brilliant sprint treble after
overcoming injury came at the expense of twice-banned American
Justin Gatlin one of four former
doping offenders in the 100m final.
When the Netherlands Dafne
Schippers ran the fourth fastest
200m in history, adding gold to
her 100m silver, she immediately
had to deny using chemical enhancement.
And Briton Mo Farahs unprecedented second straight world
distance double came against the

Malaysian duo
hot favourites
to land gold

Serena, Djokovic, Nadal start US Open title bids

KUALA LUMPUR: Two Malaysian top junior squash players


are among the clear favourites
to clinch the gold medal in the
2015 Commonwealth Youth
Games which will be held from
Sept 5 to 12 in Apia, Samoa.
Three-time British Junior
Open champion Eain Yow Ng
and S Sivasangari, who bagged
the 2014 British Open U-15
title, have been drawn as top
seeds in the boys and girls
category of the quadrennial games, according to World
Squash Federation in a statement on Sunday.
Eain, 17, from Kuala Lumpur, is also a hotshot to land
the gold with Andrea Lee in the
mixed event, alongside their
teammates, Marcus Wei Jie Sim
and Mohd Farez Izwan in the
boys doubles category, as all of
them were drawn as top seeds.
A total of 19 players are set
to compete in squash involving five events boys and girls
singles, boys and girls doubles,
and also mixed doubles categories which will be held at
the Tuanaimato Sports Facility
in Apia.
Besides squash, the competing countries will also be
vying for a medal in eight other sports aquatics, archery,
athletics, boxing, lawn bowls,
rugby seven-a-side, tennis and
weightlifting. Bernama

NEW YORK: Three-time defending champion Serena Williams began her quest to complete a calendar-year Grand Slam while past
winners Novak Djokovic and Rafael
Nadal launched their campaigns
yesterday at the US Open.
World No 1 Williams has already
captured the Australian and French
Opens and Wimbledon crowns
this season and could be the first
person since Steffi Graf in 1988 to
capture all four major womens singles tennis crowns in the same year
by hoisting the trophy at the end of
the Flushing Meadows fortnight.
That would give Williams 22
career Grand Slam singles titles,
matching Grafs Open Era-mark
and move her two shy of Australian
Margaret Courts all-time record.
I dont feel that pressure, Williams said of the intensity of making more history. If I make it far,
maybe Ill start to feel pressure. But
as of now I really dont feel any.
Williams felt pressured at Wimbledon, where she won her fourth

Kenyas rise to the top of athletics

Kenya

Final positions in the last ten world championships

USA

Russia

Countries that have


finished top of the
table at least once

Newcomer crowned best


female athlete

13
1997
Athens

1999
Seville

2001
Edmonton

2003
Paris

2005
Helsinki

2007
Osaka

2009
Berlin

2011
Daegu

2013
Moscow

2015
Beijing

Source: IAAF

backdrop of doping allegations


fired at his coach, Alberto Salazar.
Bolts reign as world sprint
king was under serious threat
from Gatlin, who was on an unbeaten streak of 28 races and
had led the way in the 100m and
200m this year.

But despite intense pressure


and pelvic problems this year,
Bolt kept his renowned cool to
win the 100m by one-hundredth
of a second over Gatlin, before
dominating the 200m and anchoring Jamaica to 4x100m gold.
AFP

US Open tennis championships


USTA National Tennis Center
Arthur
Ashe
Stadium

August 31 - September 13

3
1

Grandstand
Court

Louis
Armstrong
Stadium

South Plaza

11

WASHINGTON DC
USA

12

NEW YORK CITY


8

10

13

14

15

16

17

Manhattan

Flushing
Meadows Corona Park

Source: US Open

Slam crown in a row to complete


the second Serena Slam of her
career, giving her all four major
trophies at the same time.
In all, Williams owns six Wimbledon, US Open and Australian Open singles titles plus three
French Open crowns.
Williams will play the first night

match at Arthur Ashe Stadium after


opening ceremonies against Russias Vitalia Diatchenko.
Following her into the main stadium will be eighth seed Nadal,
opening against Croatian Borna
Coric, who beat the Spaniard at
Basel last year in their only prior
meeting. AFP

Daly out of hospital after collapsing on course


LOS ANGELES: Two-time major
winner John Daly was out of hospital on Sunday, a day after collapsing
at a local golf event in Mississippi,
his agent said.
Daly, 49, collapsed on the 18th
tee at Deerfield Golf Club on Saturday and was taken by ambulance

ATLANTA: The Atlanta Braves


paid tribute on Sunday to Gregory Murrey, a long-time fan,
who died after falling from an
upper deck in the stands at
Turner Field. Murrey, 60, was
identified on Sunday morning
by the Fulton County Medical
Examiners Office. The Atlanta Braves are deeply saddened
by the loss of Greg Murrey at
last nights game, the Major
League Baseball team said in a
statement following Saturdays
incident. Greg was a valued
and long-time season ticket
holder and an incredibly passionate Braves fan. This tragic
loss is felt throughout Braves
Country, and the thoughts and
prayers of the entire Braves organisation continue to go out to
his family and friends. AFP

to hospital, where he was treated


and released, his agent Bud Martin
said in a statement.
Daly has fought a lingering rib injury since 2007 which recently has been
causing severe pain and has affected
his breathing, Martin said. He has
been discharged from the hospital.

Will Dottley, the professional


who was paired with Daly on Saturday, told the Golf Channel that
he and Daly were walking off the
18th tee when Daly collapsed.
Dottley said a nurse in the gallery administered cardiopulmonary
resuscitation. AFP

KUANTAN: Although it has only


been a year since the teenager
took up the martial art, silat,
Izlina Ameera Izli Rahman was
adjudged the best female athlete at the 8th National Junior
Silat Championships which
ended on Sunday. The 16-yearold who represented Terengganu attributed the success to her
tireless efforts to train thrice
a day in preparation for the
tournament which began last
Wednesday. I need to practise more often because silat
is something new [for me], as
I was formerly active in taekwondo which utilises the legs
more, while silat prioritises
technique, she said here on
Sunday. Bernama

Japan wins Little League


World Series
WILLIAMSPORT: Japan staged
a remarkable comeback to win
the Little League World Series
baseball tournament on Sunday,
rallying from an eight-run deficit to defeat Mid-Atlantic from
Pennsylvania 18-11. The Japanese youngsters, who had won
through to the championship
game after defeating Mexico on
Sunday, appeared to have been
caught cold by their American
opponents early on after trailing 10-2 in the first inning. But
the Japanese hit back superbly to open up a 13-11 lead in
the third inning. After scoreless
fourth and fifth innings, Japan
then added five more runs to
seal victory in the sixth. AFP

Tamulis rallies for rst


LPGA win
PRATTVILLE: Kris Tamulis, a
10-year LPGA veteran, rallied
from three shots back on Sunday to lift her first tour title at the
Yokohama Tire LPGA Classic.
The American fired eight birdies in a seven-under par 65, her
17-under total of 271 giving her
a one-stroke victory over former world No 1 Tseng Ya-ni and
third-round leader Austin Ernst. My swing felt really good,
Tamulis said. Ive really been
working hard on my putting
the last couple weeks. AFP

T U E SDAY S E PT E MB ER 1, 2015 D IG ITA LED G E DA ILY

S P O RT S 2 9

Buon hits out as Juve slump in Serie A


BY JU ST I N DAVI S

MILAN: Juventus goalkeeper Gianluigi Buffon has called on the


stuttering Italian champions to
stand up and be counted after a
second consecutive league defeat
left them in the Serie A doldrums.
After defeat to Udinese last week,
a depleted Juve succumbed 2-1 to
scudetto rivals Roma after a lively

encounter at the Stadio Olimpico


on Sunday.
Juventus, who underwent significant changes in personnel during
the summer, now sit 17th in Italys
top flight after two games.
Buffon admitted the clubs new
players will need time to find their
feet, but with holes in the defence
and yet another lacklustre performance coming from French mid-

fielder Paul Pogba, the legendary


Italy goalkeeper said the champions ultimately failed to show up.
When you play for Juventus, winning is everything, but even when
that doesnt happen you need to
offer more than we showed today
[Sunday], Buffon said after the game.
When the team undergoes a
lot of changes of course you can
allow for a few dropped points or

IN BRIEF
for some nerves to creep in at the
start. But we have lots of new and
quality players, so everyone should
be taking on a greater sense of responsibility.
It was Romas first league win
over Juve since February 2013 and
meant the Italian champions have
failed to win their first two league
games of the season for the first
time in history. AFP

Van Gaal rues MUs lapse


Swansea changed its formation and Red Devils failed to cope with it
SWANSEA: Manchester United
manager Louis van Gaal blamed
a five-minute lapse in concentration for his sides 2-1 defeat Swansea Citys
at Swansea City in the Premier Guinea-BissauLeague on Sunday.
born Portuguese
Protecting an unbeaten record, striker Eder (left)
United took a 48th-minute lead being pushed
through Juan Mata at the Liberty by Manchester
Stadium, only for goals in quick Uniteds defender
succession from Andre Ayew and Chris Smalling
Bafetimbi Gomis to give Swansea during the
a third successive win over their match between
opponents.
Swansea City
Swanseas goals arrived shortly and Manchester
after Garry Monk had switched his United at The
formation to a 4-4-2 with a mid- Liberty Stadium
field diamond, moving Ayew up in Swansea, on
front alongside Gomis, and Van Sunday. Photo
Gaal said his players had not re- by AFP
acted to it quickly enough.
The opponent changed their
shape. They had started with a 4-23-1 and after 1-0, they changed
their shape and then we couldnt
Thats not good because we because I think we controlled the
cope with that, said the Dutch- were only drawing for five minutes game and we played very well.
man, who was presiding over his and we have lost what we had in
Mata concurred that his side
50th United game.
five minutes. And that was a pity had paid the price for not read-

justing after Swansea altered their


approach.
It is a big disappointment. We
scored first and then in five minutes we lost the game, the Spanish
midfielder told Sky Sports.
They changed the shape, we
didnt react and we havent learnt
a lesson from last season.
The result left Swansea a point
above United in fourth place in
the Premier League table, four
points shy of early leaders Manchester City.
After equalising with a 61st-minute header from Gylfi Sigurdssons
cross, Ayew set up Gomiss winner
with a sublime pass from wide on
the right and the Ghana international said the assist had given him
more pleasure than the goal.
We really wanted to win. It was
a quite difficult game. We went
deep into ourselves to win and it
shows the mentality we have, said
Ayew, who has scored three goals
in four games since signing from
Marseille. AFP

Huge transfer fees spark concerns in Germany


BY RYLAND JAMES

BERLIN: Kevin de Bruynes record


transfer to Manchester City earned
Wolfsburg a reported 79.8 million
(RM376 million), but there are concerns here about the drain of Bundesliga talent to England.
De Bruyne is just one of several
German league stars tempted by
Premier League cash before the
closure of the transfer window in
Germany yesterday.
Son Heung-Min joined Tottenham Hotspur for 22 million
(RM142 million) from Leverkusen last Friday after Liverpool paid
Hoffenheim 29 million for Roberto Firmino in June and Germany
captain Bastian Schweinsteiger
signed for Manchester United for
14 million from Bayern Munich
in July.
Those four signings alone combined have earned their former
Bundesliga clubs around 170 million, but there are concerns in Germanys top flight that the influx of

cash will only widen the gap between the leagues rich and poor.
It means the gap within the
league will just get wider, said
Hamburg coach Bruno Labbadia.
The De Bruyne transfer smashed
the Bundesligas transfer record
and is a club record even for Abu
Dhabi-backed City.
But the deep pockets of Englands Premier League sides means
German clubs can expect to lose
more future talent, according to
Ralph Hasenhuettl, coach of newly-promoted Ingolstadt, who are
in their debut Bundesliga season.
Its unbelievable the sums of
money which are in play, said
Hasenhuettl.
I am happy that my players
arent involved, but that will probably change.
You have to be happy just to
walk into the changing rooms and
find your flock is all still there.
Wolfsburg, Leverkusen and Hoffenheim are the three Bundesliga
clubs backed respectively by car

manufacturers Volkswagen, pharmaceutical company Bayer and


billionaire software entrepreneur
Dietmar Hopp.
But even Wolfsburg stood no
chance of matching the massive
reported annual salary of 200,000
per week City supposedly offered
De Bruyne, a price even Bayern
Munich refused to meet, according
to Volkswagen boss Martin Winterkorn.
At some point you are powerless against such sums, said the
chairman of the Volkswagen board.
Even Bayern Munich, who
were interested in De Bruyne at
one point, said at the end of the
day, we cant currently compete
against sums like that.
Winterkorn warns the Bundesliga must think carefully about
what can be done to maintain
German football and guard against
the supposed superiority of the
English (clubs), who throw a lot
of money around in order to assert
themselves.

Wolfsburgs director of sport


Klaus Allofs admitted the week-long
saga which preceded De Bruynes
transfer disrupted the team behind
the scenes.
The disruption caused by De
Bruyne and Sons departures to
their respective clubs is something
which must not be repeated, according to Borussia Dortmund chief
executive officer Hans-Joachim
Watzke, who wants the transfer
window moved back to close here
on Aug 1.
It has annoyed me colossally.
We need the transfer window to
be pushed back to Aug 1. What
has been happening in the last few
days is horrible, Watzke told Sky.
What is happening now is that
the really big and rich clubs come
in on Aug 30 or 31 with 20, 30, 40 or
50 million and shake everything up.
As a coach, you have to ask yourself why are we doing pre-season
training when you have to give up
four players and introduce four
more? This is all madness. AFP

Shelvey and Vardy get


England call-ups
LONDON: Jonjo Shelvey was
recalled and Jamie Vardy retained his place in the England squad announced on
Sunday for the forthcoming
2016 European Championship
qualifiers against San Marino and Switzerland. Central
midfielder Shelvey, 23, won
his only cap against San Marino three years ago and has
been called up again by manager Roy Hodgson after some
impressive early-season performances for Swansea City.
Vardy, 28, made his England
debut in a friendly against the
Republic of Ireland in June,
but was recently fined by his
club Leicester City after footage
emerged of him appearing to
use a racial slur against a man
in a casino. AFP

Eenberg doubts
Riberys Bayern return
BERLIN: Ex-Germany international and Bayern Munich captain Stefan Effenberg
doubts veteran French winger
Franck Ribery can return to
fitness from the ankle injury
which has sidelined him since
March. If he comes back and
manages to get 100% fit, then
Bayern will need him, Sky
expert Effenberg said of the
32-year-old Ribery. I hope ,
from the bottom of my heart,
that he will come back, but I
doubt it. Although I am sure
Bayern will support him
100%. Ribery has described
the injury to his right ankle,
which is still painful, as a catastrophe with no date set for
his return despite constant
treatment. AFP

Martial in talks to
move to England
PARIS: Monaco forward Anthony Martial has been given
permission by France coach
Didier Deschamps to travel
to England to sign a contract
with Manchester United, the
French Football Federation
announced yesterday. The
19-year-old striker was given
an international call-up for the
first time by Deschamps for the
friendly games against Portugal
and Serbia. Martial, who joined
Monaco in 2013 from Lyon, has
slowly risen up the French international ranks having played
at all youth levels. AFP

Real Madrid extend


Casemiro deal
MADRID: Brazilian midfielder Casemiro has extended his
contract with Real Madrid until
2021, the Spanish giants confirmed yesterday.The 23-yearold has returned to the Santiago Bernabeu this season after
a successful year at Porto as
Madrid exercised a buy-back
clause in the deal which took
him to the Portuguese side.
Casemiro hasnt started either
of Madrids first two La Liga
games, but did make his first
appearance of the season as
a substitute in Saturdays 5-0
thrashing of Real Betis. AFP

30

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

life+style

T UE

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

Samsung
JS9500
SUHD TV.

Samsung Wireless 360.

All about

CONNECTIVITY
Samsung revolutionises
TV viewing experience with
innovative new technology
BY SU ANN QUAH

echnological progress in the past century has focused on making our lives
simpler, from factory machinery built
to replace skilled workers to household
appliances that free us from having to
spend hours each day doing chores.
Today, technology has shifted its focus to making us
ever more interconnected, both with our fellow man
and with the electronics that have become such an
integral part of our lives.
Samsung is one company at the forefront
of developing such technology. Its revolutionary new viewing experiences are based
upon the notion that we love processes to be
streamlined. The South Korean electronics
giant has created technology which links
with other technology. Almost everything,
from speakers, portable music players, televisions, phones and computers, can be
linked and accessed from anywhere.
The star of Samsungs new offerings
is their revolutionary line of S-Ultra
High Definition (SUHD) TVs, which
surpass the limitations of previous displays
and deliver superior picture quality with stunning
contrast, striking brightness and spectacular colour.
These SUHD TVs sport a stylish curved design which
provides viewers with a more immersive viewing
experience, enhanced by smart TV functions to give
viewers easy access to their favourite content. By col-

laborating with 20th Century Fox, Samsung has managed to optimise content to meet premium quality
SUHD standards. This partnership allows consumers to enjoy an unrivalled UHD viewing experience.
When Samsung introduced the curved form factor
in 2014, it dramatically enhanced the home entertainment experience. Taking cues from contemporary
art and architecture, the TVs were redesigned and
enhanced with many modern and minimalist highlights. The new Samsung SUHD TV JS9500, the top of
the line TV from the new range, features a chamfer
bezel design, adding more depth to the screen, and
the elegant frame makes the display look like a piece
of art when mounted on the wall.
Also newly released is the Samsung Curved Soundbar, which matches the TVs perfectly in addition to
providing high-quality surround sound. Together
with the Samsung Wireless Audio 360 another
cutting-edge home audio device these new prod-

The Samsung
Curved Soundbar
matches the TVs perfectly in
addition to providing high-quality
surround sound.

ucts can be easily connected, making TV-watching


and music playing truly seamless.
The Wireless Audio 360 features wireless connection with mobile devices via Wi-Fi, and can be controlled using Samsungs Wireless Audio-Multiroom
app which enables users to control a multiroom sound
system. This app can be used to control all devices
connected to the same wireless network, such as the
SUHD TV and the Soundbar.
The Multiroom app allows users to stream various
music services from South Korea, as well as popular
services such as Deezer and Spotify. Via Quick Connect, the software that comes with the TV, Samsung
smartphones can be quickly recognised by the TV
once paired via Bluetooth, enabling users to share
video content from their Samsung smartphone with
a simple press of a button. Users can even watch TV
programmes via their mobile phones without having
to download apps or go through complicated presettings. Other features of the Smart TV include Briefing
on TV, which acts as an alarm, syncing up Samsung
mobile devices to turn on and display important
information such as time, weather and schedules.
Gone are the days when wed have to search high
and low for half a dozen remote controls around the
house, each of which controlled a different piece of
electronic. Technology has progressed so far that
all one needs now is a wireless connection and a
mobile phone.
The Samsung SUHD TV is available in three models JS9500, JS9000 and JS8500 which range in
size from 55in (140cm) to 88in. They are priced from
RM9,999 to RM39,999 (inclusive of GST). The Samsung Wireless Audio 360 is priced at RM2,199, and the
Curved Soundbar starts from RM2,299. They can be
purchased from major electronic stores nationwide.
For more information, visit www.samsung.com.

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TU E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

life+style 31
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

SCENE

PICK OF THE DAY


NARS Cosmetics introduces the brand new Audacious
Mascara for fall 2015. The unique combination of Nars
exclusive lash-catching brush and a buildable formula
allows you to reapply the mascara throughout the day to
magnify lashes on command. The exclusive new brush
is designed with over 200 moulded bristles and lengthening hooks to brush evenly, grip and coat lashes from
root to tips. Its tapered tip finishes off the inner and outer
reaches of the lashes. The mascaras formula, on the other
hand is a balance of suppleness and staying power. This
revolutionary formula stays soft and flexible for unprecedented buildability. Its also enhanced with humectants
and conditioners that keep lashes plush to the touch
and leaves a silky finish without
smudging, clumping or flaking.
Priced at RM110, the Audacious
Mascara can be purchased at
Nars Cosmetics Pavilion Kuala
Lumpur, Mid Valley Megamall
and Gurney Plaza Penang.

Relocated Frank Lloyd Wright


house gets November opening
A 1950s house designed by Frank Lloyd Wright and built
in New Jersey, United States is to open to the public on
Nov 11 in its new home 1,931km away, at the Crystal
Bridges Museum of American Art in Arkansas.
Built in 1954 for Gloria Bachman and Abraham Wilson, the structure is said to be an example of the architects Usonian architecture a term derived from an
abbreviation of United States of North America and
used to describe a style of residential architecture he
developed during the Great Depression. In contrast to
his high-end, customised homes, the Usonian houses
of which about 120 were built were simple and
low-cost, affordable for a middle-class family, without
sacrificing quality.
Crystal Bridges announced the acquisition of what
is known as the Bachman-Wilson House in 2014, after
it was determined by then-owners Lawrence and Sharon Tarantino, an architect/design team who restored
the house after buying it in 1988, that it was endangered
by repeated flooding in its original location along New
Jerseys Millstone River.
The home has since been assembled, transported
and reconstructed on the museums grounds, along trails

Personal
ASSISTANT
CO MPI L ED BY SU ANN QUAH

WORK. LIFE. BALANCE

overlooking woodlands and a spring. Construction is


now in its final stages, said the museum in announcing
the public opening date.
Reservations to visit the house will be accepted starting
on Nov 2; visits are free, but advance tickets are required.
In addition to the tours, the museum says it is considering a variety of possible uses for the house and plans to
gauge interest in the months following its opening. For
more information, visit crystalbridges.org/architecture/
frank-lloyd-wright AFP/Relaxnews

CATCH an exclusive
screening of The
Hunt at Pisco Bar
tonight. Brought to
you by the Danish
Embassy, The Hunt
stars Mads Mikkelsen, who won the
Best Actor award
at the 2012 Cannes
Film Festival for
his penetrating
portrayal of Lucas, a former school teacher
who has been forced to start over after a tough
divorce and losing his job. Just as things are
starting to go his way, his life is shattered when
an untruthful remark throws his small community into a collective state of hysteria. The
Hunt is an engrossing, profoundly disturbing
psychological drama thats sure to keep you at
the edge of your seat. The screening starts at
8pm, and admission is free. Pisco Bar is located
at 29, Jalan Mesui, Kuala Lumpur. For reservations, send an email info@piscobarkl.com.

GASLIGHT Caf presents Ruben Kelvin this


evening. Listen to his raspy, bluesy vocals
accompanied by the chugging ris from his
dobro guitar. Kelvin has been belting out
tunes at Merdekaraya and Barlai, and this
will be his debut feature at Gaslight. His
music is greatly inuenced by artists such
as Howling Wolf, Ray Charles and Johnny
Cash. Kelvin has been famed for his ability to
rock the house down. Catch him this evening
at 8.30pm at Gaslight Caf, Unit 15-2, Jalan
Medan Setia 1, Plaza Damansara, Kuala
Lumpur. For inquiries or reservations, call
(03) 2011 4047.

IF you missed out on the Merdeka celebrations over the weekend, fret not, for the
Bintang Revolving Restaurant at Federal
Hotel is having a Merdeka Indulgence that
runs until the end of September. For RM88
per person, enjoy a delicious three-course
extravagant gourmet set dinner. The meal is
served from 5pm to midnight daily, and kids
eat free with every paying adult, so long as
they order from the kids menu. The Bintang
Revolving Restaurant is located at The Federal
Kuala Lumpur, 35 Jalan Bukit Bintang, Kuala
Lumpur. For inquiries or reservations, call
(03) 2148 9166.

32

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

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New Orleans awash in music


10 YEARS AFTER KATRINA

BY B RI A N B OY L E S

he vibrant sounds of brass bands


and buskers echo through the
streets of New Orleans 10 years
after the birthplace of jazz was
devastated by Hurricane Katrina.
But while tourists may find
themselves overwhelmed by choice, locals
fear some of the Big Easys spirit of creativity
and improvisation may have been lost to the
floodwaters.
There had been a long line of older musicians passing a culture on to younger musicians, guitarist Jonathan Frelich said. That
got uprooted, and the way the city decided
to invest in culture didnt have much to do
with the way that it had existed before.
The loss of neighbourhood clubs and an
increased emphasis on tourism has shaped
the opportunities for musicians and the types
of music they play, he said.
More than 1,800 people were killed across
the US Gulf Coast the vast majority in
New Orleans and over a million people
were displaced when the Category 5 hurricane struck on Aug 29, 2005. The financial
toll topped US$150 billion (RM630 billion).
Katrina flooded 80% of New Orleans with
water that rose as high as 6.1m after the
coastal citys poorly built levee system burst
from the pressure of a massive storm surge.
The city descended into chaos as increasingly desperate people with little food or
clean water waited days for help to arrive.
When the waters receded, the future
looked bleak. City leaders embraced the
efforts of the tourism industry to package
local culture as a catalyst of the recovery.
It worked. The economy is booming, a
whopping nine million tourists visited last
year, and there are scores of new festivals
and venues offering work to local musicians.
But the cost of living has risen sharply as the
city still works to rebuild its decimated housing
stock. Many musicians find themselves struggling to get by with the cost of renting or owning
a home up 30% to 45% from pre-storm levels.
Plenty of performers find themselves
working for tips in the street or even in

The vibrant sounds of brass


bands and buskers echo
through the streets of New
Orleans. Photo by AFP

Zen TODAY

some of the bars serving tourists. Those


who manage to get regular paying gigs find
that their work isnt always valued.
Some of the newer places arent as concerned with the quality of music because theres
so many people on the street, theyre going to
get bodies no matter what, said Meschiya Lake,
a popular jazz singer who performs regularly
on the bustling Frenchmen Street.
In recent years, Frenchmen Street has transformed from the hipper alternative to Bourbon
Street into a more tourist-friendly destination.
Once known for its diverse, experimental vibe,
the strip is now home to more cover bands and
traditional jazz.
Many, though certainly not all, of the corner
bars which helped make New Orleans an early hotbed of rhythm and blues, rock and funk
have reopened. The social clubs that support
the brass band led neighbourhood parades
known as second lines have also reformed.
New Orleans music always sells, and musicians are skilled at meeting their audiences
expectations, said Matt Sakakeeny, a musicologist at Tulane University who specialises
in New Orleans brass bands. The system still
rewards innovative musicians who know the
formula and are mixing it up. I dont see any

signs that they are in danger.


Musicians said that while tourism had a
homogenising effect on the music, the citys
changing demographics pose another threat
to its penchant for improvisation.
The black population has fallen by about
115,000 people, dropping from 68% of residents in 2000 to 60% in 2013, the latest census
figures show.
The post-Katrina influx of new residents
included homeowners who were less inclined
to join street parades, and more willing to call
the authorities. Recently proposed legislation
to limit the volume of recorded and live music
puzzled many locals accustomed to the late
night blasts of trumpets.
Thats part of the vibrancy, that accidental
magic, Lake said. Its like going to France and
telling them to stop speaking French.
Tuba player Bennie Pete longs for pre-storm
New Orleans. You always feel like youre missing something, he said. Youre driving through
a neighbourhood looking for a certain house,
and its not there ... the heart of it is what Im
looking for.
Thats why its so important to make sure
that the citys unique culture and sound is
protected, he said. AFP

4.98

The most effective


way to do it,
is to do it.
Amelia Earhart

128.98

TU E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

Markets 3 3
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia

YEAR
HIGH

Sectorial Movement
INDICES

CLOSE

+/-

%CHG

KLSE COMPOSITE

1,612.74

KLSE INDUSTRIAL

INDICES

CLOSE

+/-

%CHG

11.04

0.69

TECHNOLOGY

19.57

-0.02

3,065.06

11.79

0.39

FTSE BURSA 100

10,734.17

68.89

CONSUMER PRODUCT

562.51

0.67

0.12

FTSE BURSA MID 70

11,573.83

57.32

0.50

INDUSTRIAL PRODUCT

131.81

1.03

0.79

FTSE BURSA SMALL CAP

13,771.15

101.49

0.74

CONSTRUCTION

249.53

2.66

1.08

FTSE BURSA FLEDGLING

13,872.16

-19.95

-0.14

TRADE & SERVICES

208.97

0.95

0.46

FTSE BURSA EMAS

10,976.04

71.12

0.65

14,363.38

153.08

1.08

FTSE BUR MSIA ACE

4,947.08

-89.26

-1.77

KLSE FINANCIAL

-0.10
0.65

KLSE PROPERTY

1,098.30

5.11

0.47

FTSE BUR EMAS SHARIAH

11,443.34

50.80

0.45

KLSE PLANTATION

6,825.07

28.96

0.43

FTSE BUR HIJRAH SHARIAH

13,131.32

32.01

0.24

466.08

Unch

Unch

8,567.77

8.04

0.09

KLSE MINING

FTSE/ASEAN 40

Bursa Malaysia Main Market


YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.745 0.550 0.605
4.390 3.034

6.590 4.930 6.000


0.600 0.230 0.230
5.063 4.050 4.650
3.700 1.400 1.640
4.402 3.080 3.380
71.775 56.740 62.300
0.160 0.050 0.055
0.220 0.015

1.349 0.680 0.715


1.280 0.634 0.980
0.595 0.340 0.500
0.445 0.230

13.801 9.874 11.880


1.004 0.720

2.970 1.708 2.470


0.630 0.400 0.520
3.110 0.980 1.800
0.125 0.055

2.850 1.378 2.680


1.360 1.056 1.160
0.140 0.065 0.070
0.080 0.040 0.050
1.111 0.757

48.000 39.447 46.900


0.185 0.065 0.075
0.170 0.085 0.145
0.295 0.165 0.180
0.310 0.170 0.195
2.266 1.750

0.830 0.500 0.620


1.090 0.620 0.680
18.891 14.956 18.300
0.830 0.480

1.714 0.934 1.060


0.580 0.300

1.001 0.595 0.630


14.980 11.750 12.940
1.300 0.720 0.765
2.822 2.070

1.130 0.930

0.175 0.040 0.080


7.099 3.717 4.980
1.180 0.415 0.935
0.565 0.311 0.435
3.450 2.500 3.350
1.400 0.736 1.200
0.590 0.350

3.161 1.150 2.200


1.070 0.596 0.900
1.170 0.385 0.700
3.680 1.740 3.270
2.830 1.284 2.510
0.545 0.100 0.125
0.935 0.450 0.605
2.744 1.800 1.860
1.510 0.920

0.155 0.090

7.500 3.014 7.400


3.549 2.228 3.500
0.295 0.135 0.150
0.405 0.150 0.285
6.170 2.235 6.170
0.925 0.550 0.770
2.440 1.213 1.460
4.570 2.364 4.080
0.255 0.080 0.100
1.888 1.160 1.230
1.330 0.860

1.417 1.046

5.357 4.620 4.860


0.250 0.065 0.075
1.684 1.120 1.200
73.817 63.743 72.200
2.735 2.201 2.270
0.245 0.095 0.115
0.445 0.212 0.250
0.810 0.592 0.750
6.478 2.355 5.790
7.863 6.355 6.810
1.835 1.280 1.380
23.600 18.004 21.900
0.804 0.577

0.375 0.200

0.755 0.275 0.330


1.350 0.755 0.820
0.375 0.165 0.185
0.595 0.352 0.455
3.020 1.085 2.640
16.060 13.283 15.440
0.665 0.463 0.530
2.730 0.929 2.300
1.560 0.990 1.150
2.510 1.275 2.150
4.255 3.031 3.880
1.710 1.000

2.800 1.285 2.250


0.585 0.365 0.435
0.700 0.340 0.620
0.700 0.320 0.640
1.660 0.685 1.250
3.270 1.465 2.070
0.085 0.040 0.050
2.275 1.710 1.790
0.864 0.730 0.830
0.676 0.365 0.410
0.680 0.305 0.335
0.740 0.405 0.500
4.847 2.280 2.550
0.701 0.355 0.405
2.220 1.060 1.220
1.644 1.250

0.638 0.445

0.625 0.350 0.495


12.220 8.270 8.700
1.796 1.337 1.560
0.603 0.408 0.460
0.195 0.084 0.170
0.670 0.220 0.485
0.690 0.327 0.500
2.214 1.220 1.500
0.365 0.200

1.170 0.766 0.865


3.490 1.165 2.620
2.502 1.390 1.480
INDUSTRIAL PRODUCTS
1.260 0.717 0.945
0.210 0.110 0.125
0.640 0.324 0.500
0.680 0.240 0.305
1.070 0.760 0.940
2.520 1.772

* Volume Weighted Average Price

DAY
LOW
0.600

5.820
0.230
4.500
1.550
3.340
61.700
0.050

0.705
0.955
0.445

11.600

2.410
0.520
1.730

2.580
1.150
0.065
0.040

46.500
0.070
0.120
0.170
0.195

0.590
0.680
18.200

1.060

0.625
12.880
0.750

0.070
4.900
0.915
0.420
3.160
1.160

2.000
0.850
0.635
3.130
2.460
0.110
0.580
1.860

7.000
3.500
0.150
0.270
6.100
0.750
1.370
4.000
0.085
1.210

4.850
0.070
1.120
71.600
2.210
0.115
0.235
0.725
5.660
6.800
1.350
21.800

0.330
0.800
0.180
0.445
2.540
15.080
0.480
2.200
1.070
2.090
3.850

2.250
0.420
0.605
0.620
1.160
1.910
0.045
1.790
0.760
0.395
0.310
0.485
2.550
0.365
1.180

0.460
8.410
1.560
0.460
0.160
0.470
0.445
1.470

0.835
2.540
1.460
0.935
0.120
0.500
0.305
0.940

CODE

7120
7090
2658
7051
6432
7722
7129
4162
7243
7193
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
3255
5102
5606
5606PA
5187
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7412
7246
8532
7103
7186
7082
7211
7071
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148

COUNTER

ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BIOSIS
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GAB
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PW
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TAKASO
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG

CLOSING
(RM)
0.605
3.740
5.990
0.230
4.610
1.640
3.380
62.180
0.055
0.020
0.705
0.980
0.500
0.255
11.700
0.760
2.450
0.520
1.730
0.060
2.580
1.150
0.065
0.050
0.800
46.900
0.070
0.145
0.175
0.195
1.990
0.600
0.680
18.200
0.520
1.060
0.440
0.630
12.920
0.765
2.210
0.970
0.080
4.910
0.915
0.420
3.310
1.190
0.390
2.080
0.850
0.635
3.170
2.480
0.110
0.590
1.860
1.010
0.090
7.380
3.500
0.150
0.280
6.150
0.755
1.390
4.040
0.095
1.210
0.900
1.100
4.850
0.070
1.200
72.160
2.240
0.115
0.235
0.745
5.770
6.810
1.370
21.800
0.670
0.200
0.330
0.820
0.180
0.455
2.540
15.340
0.530
2.200
1.070
2.090
3.860
1.380
2.250
0.430
0.605
0.640
1.180
1.910
0.045
1.790
0.760
0.395
0.335
0.485
2.550
0.395
1.180
1.250
0.480
0.460
8.500
1.560
0.460
0.165
0.480
0.485
1.490
0.200
0.840
2.560
1.480
0.935
0.120
0.500
0.305
0.940
2.000

+/
(RM)

VOL
(000)

UNCH
280.1

-0.010
9.4
-0.045
0.1
0.110
68.2
0.200
1
0.080
20
0.580
216.3
UNCH
645.2

0.005
144.9
0.040
85.9
0.035
240.9

-0.100
175.1

0.040
109.4
UNCH
10
-0.080
96.3

-0.030
753.9
0.010
35.8
UNCH 1154.7
UNCH
1768

UNCH
4.1
UNCH
770
0.020
202.7
0.005
261.5
-0.010
424.1

0.020
333.4
UNCH
20
UNCH
6.4

UNCH
0.2

UNCH
10.7
0.060
142.6
0.010
50.1

0.010
303.3
-0.030
224.9
-0.010
586.5
-0.005 5334.7
0.310
82
0.010
155.1

-0.120
89.5
UNCH
168.6
-0.075
377.9
-0.090
660.7
0.020
155
UNCH
117.8
-0.015
410.7
-0.030
11

-0.070
263.1
0.010
5.6
-0.005
0.1
UNCH
2810
0.050
457.1
0.005
199.5
-0.180 1390.2
0.060
137.9
0.005
157.3
UNCH
157.7

-0.070
2
-0.005 3241.5
0.010
12.3
-0.020
2.8
0.030
45
UNCH
98.5
UNCH 1335.6
UNCH
695.1
UNCH
6.5
0.010
29
0.020
603.7
-0.080
18.5

UNCH
50
0.005
93.2
UNCH
400
0.005
457.7
-0.050
326.5
0.080
574.8
0.060
13.3
-0.090
41.3
-0.030
64.8
UNCH
211.6
0.010
796

0.020
11
UNCH
300
-0.005
74.9
0.020
54.9
UNCH
381.5
-0.090 1283.2
UNCH 1254.8
0.010
15
0.005
31.4
-0.005 1657.7
0.010
3.5
-0.020
118
0.010
8
-0.005
200.4
0.010
723.6

-0.020
33.9
-0.020 2637.7
UNCH
2
0.010
100
-0.005 20254.2
0.005
333
0.050
731.9
-0.010
36

-0.025
269.3
0.010
91.5
0.060
20.1
0.005
-0.005
UNCH
0.010
-0.020

349.6
305
330.8
20
17

# PE is calculated based on latest 12 months reported Earnings Per Share

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0.560 318.42
13.71
4.604 12.25
0.000

5.640 14.58
4.033 80.79
4.239 11.68
62.855 20.02
0.176

3.399 13.69
0.575 21.59
0.433 10.57

6.80
12.303 18.05
15.05
2.599 12.81
0.000 16.20
0.000 60.70

2.192 14.94
1.110 13.17
0.199

0.070

5.32
48.592 23.40
0.095 20.00
0.000

0.245

1.000 10.37
29.66
0.340 23.17
0.000

18.260 23.30

0.857 73.10
17.96
0.750 39.38
16.231 18.22
1.388

10.67

0.166

5.229
8.74
0.567 12.42
0.340 15.22
0.000
7.71
6.066 20.41

0.544
8.47
0.585 14.73
0.000
5.20
3.250 33.16
1.280 20.20
0.335

0.503
8.97
2.877
7.25
34.95

1.553
9.93
0.000
9.45
0.000

0.000
9.66
1.650 12.00
0.696
8.78
2.636
5.91
2.282
8.41
0.292
2.77
1.465 13.25

20.18
5.000 11.88
0.174
2.83
1.714 15.96
68.567 30.21
2.915 12.15
0.135 15.97
0.156 71.21
0.704 19.76
2.311 16.09
8.629 13.01
1.769 11.25
22.684 13.35
46.53

0.470

0.606

0.258 257.14
0.464
8.50
0.837
9.81
14.816 18.03
0.570 14.02
1.000 11.01
0.711
6.93
1.828 15.69
4.165 25.33
153.33
0.000 19.79
0.229

0.200 27.25
0.000
3.17
0.000 13.00
1.371
5.38
0.066 40.91
1.802 10.82
0.256

0.000 10.65
0.300 68.37
0.268

6.522 18.33
0.000
7.16
0.600
7.08
10.76

0.369
7.44
12.391 19.54
1.330
7.58
0.000
8.58
0.329
8.01
0.230 48.00
0.830
1.07
1.310 10.60

0.871
7.20
1.336 14.91
4.939 15.03

2.94
3.34

5.42
0.30
4.44
5.02

1.77

2.00

6.07
2.63
6.02

1.94
6.96

1.88
2.13

3.27

3.02

4.72

4.76
4.99

0.90

5.91
4.62
2.38

2.52

3.85
4.12

0.81

5.38

3.33

4.19
1.98

4.55

2.73
4.95

1.11
3.33
4.46

2.13
2.93
2.43
1.76
7.30
2.29
3.73

2.20
3.74
1.56
3.77
1.25
7.48
3.35
1.10

1.33

1.69
2.09

2.23
1.32

2.35
2.53
2.82
6.00
2.08

4.82
5.13
5.43

4.12
2.01

4.76
2.54
4.73

107.6
438.1
364.2
11.5
368.8
129.8
644.8
17,754.3
27.4
2.1
568.4
147.6
40.0
49.5
3,604.5
119.8
683.4
21.9
280.3
40.1
442.7
138.6
80.8
33.7
107.2
3,001.6
41.1
45.2
29.4
18.7
140.8
48.6
30.2
6,672.7
31.8
265.0
36.4
155.8
3,903.1
366.1
1,349.2
442.1
37.4
1,610.0
274.5
329.2
286.7
952.0
29.2
182.7
116.7
52.1
2,118.4
503.6
7.5
52.6
74.5
133.6
24.0
717.4
180.0
9.9
47.0
369.0
140.8
180.8
438.3
38.0
651.3
49.0
66.9
3,409.5
36.2
277.9
16,921.5
168.4
32.1
55.6
836.8
346.2
4,224.9
901.3
1,324.3
80.9
14.0
19.8
453.7
139.2
186.7
288.0
18,185.6
53.0
255.0
80.8
634.6
4,817.4
77.4
285.8
38.7
72.6
66.9
59.0
229.2
88.9
253.7
96.1
241.4
26.8
99.7
1,713.6
99.0
354.0
50.9
66.5
36.8
9,930.5
124.1
73.6
222.4
34.9
164.0
272.6
25.0
134.4
344.4
680.8

1.50

5.00

368.0
31.7
70.3
66.6
143.6
41.0

0.893
0.142
0.280
0.430
1.061

18.48
26.67

8.43
34.31
17.92

YEAR
LOW

DAY
HIGH

DAY
LOW

0.231 0.115 0.125


0.115
0.560 0.325

0.400 0.265

2.820 1.928 2.340


2.340
1.140 0.200

1.013 0.572 0.685


0.675
0.616 0.335 0.350
0.345
1.386 0.720 0.750
0.740
1.338 0.942

5.940 4.000

0.725 0.400 0.420


0.420
0.880 0.560 0.610
0.600
0.215 0.100 0.120
0.115
0.945 0.480

2.600 1.600 1.680


1.620
0.935 0.285 0.320
0.320
0.150 0.090 0.100
0.100
1.758 0.980 1.200
1.050
2.500 2.000 2.240
2.230
1.150 0.691 1.050
1.020
0.670 0.320 0.380
0.360
0.315 0.175 0.175
0.175
0.455 0.115 0.205
0.195
2.893 1.902 2.310
2.250
0.550 0.210 0.280
0.265
2.419 1.630 1.760
1.730
1.140 0.846 0.910
0.880
1.800 1.170 1.620
1.570
1.860 1.410

1.600 1.140 1.300


1.300
1.740 1.300 1.420
1.360
1.784 1.446 1.560
1.510
1.230 0.836

0.115 0.055 0.065


0.065
6.000 3.256 4.950
4.900
1.360 0.200

5.084 1.610 2.040


1.920
0.405 0.150 0.240
0.215
0.945 0.600 0.710
0.680
1.155 0.880 0.910
0.900
0.790 0.491 0.700
0.700
0.470 0.275 0.295
0.295
4.595 4.000 4.200
4.100
0.475 0.180 0.285
0.270
0.575 0.265 0.395
0.390
0.405 0.250 0.280
0.270
0.430 0.340

0.920 0.660 0.700


0.695
1.908 1.134 1.560
1.520
2.267 1.210 1.310
1.280
0.450 0.220 0.300
0.280
0.880 0.455 0.535
0.510
1.610 1.000 1.070
1.010
0.400 0.200 0.205
0.205
0.932 0.600 0.680
0.620
2.070 0.475 1.870
1.790
1.083 0.427 0.630
0.620
1.460 0.945 0.985
0.945
3.420 2.300 2.510
2.480
0.605 0.355 0.365
0.355
3.004 2.090 2.240
2.220
1.681 0.976 1.560
1.510
2.340 1.243 1.410
1.410
1.070 0.455 0.835
0.810
0.115 0.040 0.045
0.040
0.655 0.205 0.260
0.240
0.135 0.064 0.085
0.080
1.020 0.285 0.315
0.300
0.475 0.180 0.190
0.190
0.145 0.070 0.075
0.070
1.430 0.930 1.010
0.995
0.905 0.330

9.050 6.482 8.220


8.000
0.270 0.165 0.180
0.170
3.780 2.650

1.170 0.356 0.960


0.920
0.955 0.625 0.795
0.760
0.812 0.235 0.250
0.235
1.570 0.620 0.730
0.700
1.360 0.755

1.040 0.530 0.610


0.570
0.440 0.310

0.160 0.055 0.060


0.055
5.307 2.986 3.310
3.230
0.205 0.065 0.075
0.070
0.970 0.760

1.950 1.170 1.460


1.450
0.545 0.250

0.139 0.045 0.055


0.050
0.275 0.135 0.145
0.140
0.535 0.160 0.175
0.160
1.280 0.920 1.020
0.920
1.606 1.210 1.540
1.470
2.177 1.060 1.120
1.100
0.340 0.145 0.170
0.160
0.504 0.360

0.710 0.430 0.510


0.510
3.220 2.730 2.980
2.970
2.260 1.031 1.810
1.760
0.270 0.110 0.130
0.125
2.378 1.174 1.420
1.360
1.018 0.379 0.510
0.480
1.260 0.902 1.070
1.010
0.660 0.355 0.405
0.405
7.500 3.896 7.240
6.890
0.600 0.250 0.430
0.430
6.305 4.320 4.630
4.500
0.779 0.350 0.395
0.385
0.850 0.450

10.707 8.380 9.470


9.140
0.846 0.400 0.440
0.420
0.699 0.213 0.605
0.555
0.620 0.420 0.440
0.430
0.240 0.110 0.140
0.125
0.085 0.030 0.035
0.035
0.153 0.070 0.080
0.075
0.745 0.220 0.300
0.285
0.340 0.180

0.125 0.065 0.070


0.065
4.250 2.648 3.300
3.280
1.094 0.330 0.405
0.375
0.884 0.565 0.620
0.590
0.480 0.320 0.430
0.420
0.900 0.660 0.670
0.670
0.550 0.190

1.100 0.585

1.550 1.150

1.060 0.105

1.982 1.640 1.780


1.780
1.220 0.355 0.815
0.765
0.175 0.060 0.070
0.060
1.920 0.700 1.420
1.140
0.700 0.300

3.330 2.090

2.354 1.040 1.160


1.070
1.626 0.855 0.890
0.890
0.485 0.210

1.160 0.120

0.160 0.100

0.705 0.470 0.515


0.480
0.180 0.045

1.080 0.515 0.760


0.745
1.404 0.848 0.935
0.925
0.135 0.050

6.547 4.519 6.130


5.980
0.609 0.375 0.485
0.460
4.674 3.448 4.240
4.200
0.330 0.045 0.165
0.150
23.670 20.194 21.600 20.980
3.230 2.300 2.940
2.850
7.030 5.007 6.150
6.020
1.601 0.790 0.850
0.790
3.575 1.400 1.770
1.640
1.090 0.900

0.510 0.335

0.920 0.535 0.750


0.710
0.380 0.290 0.330
0.325
0.643 0.384 0.430
0.425
0.890 0.450

0.285 0.110 0.125


0.115
1.800 1.130

0.790 0.620

6.200 4.960 6.200


6.000
0.370 0.240

0.850 0.548 0.685


0.670

CODE
7146
5198
2682
7609
9954
2674
4758
6556
5568
5015
7214
7162
7070
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
9342
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
7059
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7109
7140
5065
7225
5183
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803

COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
APB
APM
ARANK
ASTINO
ASUPREM
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HARVEST
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METALR
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OCTAGON
OKA
ORNA
PA
PCHEM
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX

CLOSING
(RM)
0.125
0.390
0.285
2.340
0.445
0.685
0.350
0.740
1.140
4.200
0.420
0.600
0.120
0.570
1.680
0.320
0.100
1.090
2.240
1.030
0.365
0.175
0.205
2.280
0.275
1.730
0.910
1.590
1.510
1.300
1.420
1.550
0.945
0.065
4.950
0.340
1.920
0.235
0.680
0.910
0.700
0.295
4.200
0.270
0.395
0.280
0.430
0.695
1.560
1.300
0.280
0.535
1.060
0.205
0.620
1.790
0.620
0.955
2.480
0.365
2.230
1.520
1.410
0.815
0.045
0.260
0.080
0.310
0.190
0.075
0.995
0.380
8.220
0.175
3.050
0.940
0.760
0.240
0.715
0.950
0.600
0.350
0.060
3.240
0.070
0.800
1.450
0.265
0.055
0.145
0.160
1.020
1.470
1.110
0.160
0.370
0.510
2.980
1.790
0.125
1.380
0.480
1.030
0.405
6.890
0.430
4.570
0.385
0.500
9.300
0.440
0.565
0.430
0.130
0.035
0.080
0.295
0.195
0.065
3.280
0.390
0.590
0.420
0.670
0.260
0.600
1.200
0.500
1.780
0.775
0.070
1.140
0.365
2.200
1.160
0.890
0.295
0.125
0.120
0.490
0.070
0.745
0.925
0.060
6.070
0.460
4.210
0.160
21.320
2.850
6.130
0.850
1.720
1.050
0.385
0.720
0.325
0.430
0.640
0.120
1.500
0.760
6.200
0.260
0.670

+/
(RM)

VOL
(000)

0.005
185

0.020
2.1

0.025
18
0.005
62.7
UNCH
48.9

UNCH
21.3
0.010
78
0.005
1800

0.060
14.1
0.020
21
0.005
30
0.060
427.1
UNCH
21
0.010
257.1
-0.010
146.9
UNCH
10.6
0.005
573.9
0.030
248.5
UNCH 6829.5
UNCH
101.6
0.005
98.5
0.160
821.5

UNCH
0.1
0.030
130.2
0.040
2.3

UNCH
355.2
0.040 1628.7

UNCH 1385.7
0.015
722.2
-0.005
535.1
UNCH
31.5
0.030
4
UNCH
11
0.060
13
-0.010 2058.4
0.005
125
0.020
65

-0.005
675
0.030
300.5
-0.020 1601.5
0.005
614.9
0.005
352.2
0.050
123.8
UNCH
5
-0.060
18
-0.060
917.1
0.005
137.8
0.005
28.5
-0.010
215.3
-0.015
52.1
0.020
76
UNCH
942.6
UNCH
11
UNCH 1392.3
UNCH 4606.2
-0.025
74.1
-0.005
70
UNCH
24
UNCH
63.8
0.005
715.1
0.005
149.8

0.220
427.3
-0.005
598.3

0.005 6344.7
-0.025
518.3
UNCH
542.5
0.005 4588.7

-0.010
47.2

UNCH
200
0.010
904.5
UNCH
701

UNCH
77.7

0.005
433.4
UNCH
240
-0.010
35.1
0.070
289.5
-0.070
128.5
0.020
282.1
UNCH
195

UNCH
20
0.010
81.5
0.050
553.2
UNCH
643.6
0.030
207.2
UNCH 33891.2
0.070
44.4
0.015
5
-0.310 1738.2
UNCH
233
0.070
58
0.015
30

-0.200
634.5
0.015
30.9
-0.025 2809.8
-0.005
675
0.005 4888.2
-0.005
400
UNCH
323
0.005
585.5

UNCH
1221
0.020
30.5
0.010 2405.5
UNCH
67
0.060
30
-0.050
12

0.010
2
-0.025 2929.7
UNCH
761.9
-0.260 5696.5

0.020 1040.5
0.015
14

0.010
28.7

-0.005
316.5
UNCH
46.5

0.100
6109
0.005
159.4
0.020
8
0.005 1503.3
0.360 1418.8
-0.050
94.2
0.180
50.4
-0.030
31
0.090 2474.5

0.020
232.6
UNCH
220
UNCH
10

0.005 2965.6

UNCH
42

-0.005
241

VWAP*
(RM)

PE#
(X)

DY
(%)

0.210

24.07

2.206
9.09

1.000

0.373 35.71
1.137 22.84
12.67

9.05
0.502
5.40
1.193
8.16
0.185 66.67

2.741 17.76
0.360

0.155

2.483 16.77
2.405 10.98
0.647 16.53
1.342

0.000

0.210

3.629
5.08
0.370
2.26
3.176 10.61
1.051

1.631 12.76
25.12
0.900

1.354
8.90
1.600 12.90

0.060 10.83
5.900 24.13

3.192
5.32
0.000 25.82
0.414 35.60
1.299 90.10
0.000 12.09
0.371

4.042 19.63
0.300
9.89
0.000
2.85
0.364
9.96

0.000 56.50
0.951
9.56
2.568
8.37
0.195
6.78
0.336
2.21
1.267
3.84
0.300

0.000
5.48
0.474 13.43
1.002 37.80
1.273 22.26
3.009
6.10
0.601
9.53
6.469
7.61
1.001 10.28
1.260
3.48
0.240
8.84
0.055

0.000

0.085

0.345

0.239 17.12
0.090

1.002 14.19
14.84
7.383 30.08
0.219

15.39
0.911
9.55
0.672 10.92
0.719 75.00
2.033

5.36
0.000
7.97
26.32
0.142

1.233 60.45
0.211

0.000 11.56

0.000

0.150 12.95
0.000

0.797 145.71
1.762
7.29
2.390 42.53
0.359 10.67

9.64
0.000
4.30
3.204
9.65
1.250
8.08
0.155

2.679
8.28
0.430 13.41
0.000
9.62
0.605

3.703 26.37
0.286

7.467
9.88
0.000
7.58

9.834 30.82
0.530
8.29
0.221 12.07
0.474
4.46
0.175

0.095

0.205

0.761

0.091

0.000
9.13
1.078

0.558
6.88
0.483

1.019 14.60

0.43

8.22

9.68

1.820 32.60
0.335
6.70
0.165 58.33
0.000
7.50

1.95

0.911 22.18
1.685 23.61

0.530 12.79

0.912
7.59
0.747
7.34

6.740 20.75
0.558
3.39
3.869
9.05
0.127

23.904 18.68
3.040

6.873 12.02
0.670
9.45
2.358
9.95

12.88
1.000
6.22
0.368 125.00
0.492
6.24
39.51
0.236 20.34

23.90
3.770 53.36

6.31
0.766 15.16

0.85

7.30
2.86
4.05
5.70
4.64
5.36
4.85

1.61

5.83

2.19

3.47
2.75
3.77

4.11
3.87
1.85

1.72

3.02

3.30
7.14

3.21

3.21
4.62

6.45

0.81
2.93
4.84
3.01
4.48
5.92
10.64

5.79

5.03

1.58

1.06
5.26
2.50

3.68
2.50

0.93

2.41

2.07

2.94
2.38
1.35
2.50
2.70

3.35

2.90

2.91

1.16

2.19
5.19

3.44
4.55
0.88
6.98

1.67
4.24

4.48

5.00

3.37

2.59
8.99

6.12

4.03
2.70

2.64
3.26
8.31

2.02

1.96
4.71
6.10

4.65
1.56

2.24

MKT CAP
(MIL)
22.8
70.2
37.6
162.0
25.9
92.0
76.6
386.8
128.7
846.7
50.4
164.5
35.0
34.8
417.4
15.4
27.7
562.4
134.5
193.3
60.0
17.2
25.6
438.1
168.1
931.2
416.4
190.8
67.6
53.3
425.3
170.3
43.3
28.7
5,318.2
15.4
1,020.7
32.9
303.2
345.8
70.0
22.1
478.2
28.2
17.8
73.8
5.3
154.3
214.6
2,513.2
49.1
41.3
174.1
35.1
102.9
918.3
130.8
81.3
542.8
35.8
546.9
156.9
263.1
65.2
242.2
28.7
78.4
41.7
63.4
33.0
276.5
40.3
6,744.0
49.1
169.1
394.4
152.3
172.4
701.3
38.6
167.2
28.0
67.3
1,552.3
42.1
56.2
116.0
35.0
51.8
65.2
27.7
129.3
137.2
1,080.8
76.1
36.6
31.6
1,323.6
278.6
131.2
355.8
941.9
70.1
50.5
4,405.9
24.2
1,652.0
37.0
74.9
7,902.2
109.3
203.4
133.3
52.4
46.1
111.4
211.8
25.0
112.6
136.4
95.4
32.2
17.7
61.6
59.0
42.0
48.2
23.9
213.6
162.8
46.6
125.2
32.7
220.0
353.9
39.5
83.6
6.9
38.4
95.2
11.9
116.0
69.6
56.8
48,560.0
59.6
418.1
89.6
42,186.6
769.5
470.8
68.0
2,234.0
69.0
61.6
79.1
109.5
78.3
92.8
57.9
86.9
31.9
542.1
35.7
153.6

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

34 Markets

T UE

BURSA MAL AYSIA MAIN MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

5.136 3.200 3.480


3.450
5.750 2.170 5.200
5.050
1.425 0.800 0.835
0.830
1.553 1.130 1.300
1.240
3.857 1.470 3.660
3.580
1.230 0.645 0.850
0.700
7.620 5.738 6.960
6.900
1.050 0.280 0.315
0.290
0.455 0.245 0.250
0.245
1.259 0.550 0.600
0.580
0.525 0.250 0.275
0.270
0.790 0.400

6.140 4.400 4.900


4.820
0.688 0.365 0.415
0.400
0.850 0.440

1.580 0.560 1.360


1.240
1.630 0.484 1.370
1.290
0.866 0.581

1.005 0.540 0.590


0.560
1.508 0.760 0.840
0.800
0.674 0.200 0.215
0.210
2.281 1.500 1.570
1.570
1.979 1.300 1.430
1.390
3.800 1.180

1.680 0.521 1.420


1.350
2.670 1.539 2.160
2.030
3.884 3.115 3.300
3.250
0.475 0.240 0.280
0.280
1.250 0.370 0.435
0.400
15.886 14.020 15.000 14.840
15.723 13.194

0.280 0.110 0.130


0.110
0.540 0.215 0.240
0.220
1.500 0.720

0.955 0.685 0.805


0.795
0.445 0.225 0.245
0.235
2.390 1.650 1.730
1.700
2.201 1.600 1.700
1.660
0.920 0.680

1.868 1.167 1.710


1.680
2.311 1.700 1.910
1.700
8.550 4.078 7.850
7.630
0.773 0.530 0.620
0.620
0.250 0.145 0.145
0.145
1.696 1.208 1.470
1.450
4.438 1.370 3.790
3.650
0.971 0.641

0.945 0.490

6.500 1.994 5.640


5.440
1.853 1.145 1.270
1.250
0.480 0.260 0.285
0.280
1.985 1.200 1.500
1.490
2.290 1.337 2.080
2.010
0.700 0.470 0.540
0.510
0.650 0.420 0.500
0.500
2.460 1.880

1.363 0.895 0.920


0.900
2.640 1.110 1.250
1.230
1.363 0.800 0.810
0.805
0.380 0.170

0.890 0.535 0.620


0.570
CONSTRUCTION
0.555 0.330

0.786 0.505 0.540


0.525
1.524 0.540 0.615
0.600
0.955 0.510 0.550
0.545
0.698 0.330 0.375
0.355
1.294 0.860 0.900
0.880
1.544 0.950 0.990
0.980
1.879 1.475 1.750
1.750
1.168 0.702 0.840
0.820
1.307 0.850 0.960
0.910
0.579 0.340 0.355
0.345
1.807 0.943 1.350
1.250
1.795 1.130 1.220
1.190
5.293 3.770 4.380
4.250
1.863 0.800 0.840
0.840
1.540 0.785 0.825
0.785
1.478 1.114

1.490 1.180

1.959 1.603 1.700


1.640
7.381 5.890 6.430
6.260
0.905 0.530

1.020 0.375 0.800


0.780
0.555 0.300 0.320
0.315
1.220 0.740 0.780
0.740
1.525 1.050 1.180
1.110
1.500 1.060

1.440 0.890 1.000


0.900
0.550 0.305

1.336 0.508 1.000


0.930
0.415 0.190 0.200
0.200
2.400 0.840 0.900
0.890
3.270 1.510 1.880
1.800
1.009 0.450 0.465
0.455
1.695 1.350

2.043 1.219 1.540


1.500
0.266 0.115 0.130
0.120
4.685 3.000 3.200
3.070
1.050 0.477 0.740
0.700
1.320 0.980 1.120
1.060
0.530 0.300 0.380
0.360
0.535 0.265 0.310
0.280
1.480 0.845

1.094 0.490 0.600


0.490
2.081 1.110 1.190
1.150
1.100 0.560 0.610
0.610
0.410 0.225 0.250
0.245
TRADING SERVICES
0.694 0.150 0.165
0.155
0.781 0.306 0.370
0.335
3.920 2.600 2.790
2.780
0.265 0.120 0.160
0.155
2.900 0.765 0.935
0.870
7.330 4.220 4.410
4.230
1.460 0.365 0.450
0.425
0.090 0.020 0.025
0.020
11.655 9.685 10.100
9.900
1.987 1.540

0.240 0.090 0.225


0.220
1.954 0.765 0.870
0.840
0.225 0.105 0.110
0.105
3.394 2.730 2.920
2.870
4.896 4.227 4.560
4.540
0.495 0.270 0.310
0.290
7.132 5.590 6.200
6.020
0.327 0.210

1.498 0.705 0.875


0.850
0.829 0.440 0.510
0.490
0.450 0.193 0.225
0.205
7.140 6.403 6.790
6.790
2.927 1.890 2.220
2.130
0.591 0.345 0.360
0.355
3.218 1.960 2.150
2.100
0.869 0.630 0.680
0.665
0.615 0.330 0.450
0.390
3.584 2.950 3.040
2.950
0.990 0.475 0.505
0.480
1.610 0.560 0.580
0.575
4.968 3.770 3.860
3.800
1.207 0.740 0.780
0.780
1.804 1.000 1.250
1.100
3.640 1.850 2.620
2.540
1.140 0.518 0.850
0.820
0.632 0.340 0.400
0.400
0.799 0.430

0.120 0.060 0.070


0.070
1.040 0.650 0.750
0.725
0.075 0.040 0.050
0.045
2.650 1.390 1.480
1.460
0.310 0.085 0.110
0.095
3.665 1.450 1.640
1.570
2.299 0.970 1.140
1.080
0.695 0.460 0.600
0.575
1.894 1.183 1.590
1.560
6.859 3.840 4.000
3.880
1.860 0.986 1.090
1.060
0.490 0.275 0.325
0.290
1.500 0.441 0.920
0.860
0.495 0.245

0.325 0.195 0.210


0.200
3.817 1.949 3.150
3.030
0.425 0.190 0.210
0.195
1.255 0.910 0.950
0.950
1.476 1.080 1.150
1.080
* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

YEAR
HIGH

1.45
2.35
7.23
1.76
3.91

3.19

5.00

4.88

1.75

1.54
1.94
3.27
6.54
5.00

3.18
5.71
1.33
2.22
2.45
6.15

5.00
4.67
3.05

4.09
4.71

3.53
7.02
2.20
1.61

6.90
3.69
3.40

2.84
3.99

2.01
4.43

4.57
2.01

2.48

472.4
438.2
60.4
405.8
286.4
62.5
1,587.0
26.3
83.8
109.0
135.0
32.8
1,470.0
75.0
23.2
1,375.5
319.1
34.3
39.3
335.5
19.3
328.1
168.0
157.6
108.0
1,387.5
1,204.9
124.7
72.0
1,854.3
5.1
20.2
14.1
28.9
32.3
36.0
179.9
164.0
60.6
186.1
217.9
4,818.7
66.3
33.2
568.4
550.3
58.8
96.2
1,261.0
968.6
24.1
198.7
666.6
49.5
20.0
525.6
438.0
311.1
128.8
71.4
57.8

0.860
1.413
2.430
0.981
1.735
0.340
0.450
3.460
1.840
4.655
9.774
1.848
0.568
2.564
0.070
0.495
5.580
2.980
3.879
0.055
1.800
6.110
0.927
1.630
0.430
2.775
0.670
0.450
2.217
0.476
1.944
4.410
1.878
0.575
0.570
0.585
0.285
1.150
1.400
2.966
1.879
0.225
7.144
1.743
3.540
2.190
0.882
1.180
2.711
3.380
9.296
2.823
0.684
0.125
0.355
0.495
3.070
1.160
4.310
0.140
1.007
1.003
2.002
0.220
2.990
0.530
1.030
2.833
1.443
0.360
2.918
1.847
1.420
0.310
5.950
22.229
0.250
7.452
0.270
0.430
5.320
2.730
3.345
0.200
0.405
0.921
0.753
0.660
0.225
2.338
0.425
0.960
1.240
1.470
1.810
9.599
0.938
4.307
1.860
2.620
3.500
0.520
2.671
0.245
0.610
4.060
4.500
16.839
1.729
0.585
0.855
7.643
0.750
1.390
0.560
3.056
1.321
2.943
3.983
1.718
0.760
3.753
0.505
3.284
0.550
4.610
1.460
0.145
3.484
1.052
1.790
FINANCE
16.458
3.305
4.896
13.200
13.400
6.667
1.970
4.290
8.811
7.237
1.560
1.590
14.820
13.880
18.015
2.150
1.305
0.895
0.265
2.650
0.764
15.088
0.805
3.350
9.749
2.540
4.630
2.740
1.507
19.645
0.410
9.171
0.962

5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
7099
5665
7143
6904
7207
8656
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014

SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SMPC
SSTEEL
STONE
SUBUR
SUCCESS
SUPER
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI

3.450
5.080
0.830
1.280
3.580
0.850
6.900
0.300
0.245
0.600
0.270
0.410
4.900
0.400
0.580
1.270
1.290
0.765
0.560
0.800
0.215
1.570
1.400
3.770
1.350
2.040
3.250
0.280
0.400
15.000
15.100
0.130
0.220
0.720
0.800
0.235
1.710
1.700
0.680
1.700
1.710
7.720
0.620
0.145
1.450
3.790
0.735
0.820
5.460
1.250
0.285
1.490
2.010
0.540
0.500
2.190
0.910
1.230
0.805
0.205
0.570

0.030
-0.020
0.010
0.040
-0.050
UNCH
-0.060
-0.015
UNCH
0.010
-0.005

0.070
-0.010

-0.050
-0.060

0.010
-0.020
UNCH
-0.130
0.020

0.020
-0.090
-0.050
-0.020
0.015
0.160

0.020
-0.030

0.010
-0.010
-0.020
0.030

UNCH
-0.290
-0.050
-0.005
-0.010
UNCH
0.080

UNCH
UNCH
-0.015
-0.010
-0.040
-0.010
0.010

UNCH
-0.020
UNCH

-0.030

18.9
211.5
22
206.3
133.2
927.3
44.7
1514.3
293
79.1
195

24.8
22

7407.4
256.8

6
20
70.1
2
1082.9

102.8
4827.2
158.6
10
209.5
3.3

0.5
12

886
28.5
49.3
0.3

275.2
669.1
3181.4
0.1
1
255.2
96.1

1376
159.2
14.8
127.4
561.7
64.1
0.1

532.9
91
34.7

5.3

2.844 17.16
2.586 12.25
1.447
7.35
1.541 10.34
0.870 18.53
0.491

5.621
9.77
0.299

0.430 222.73
0.893 16.26
0.403 21.09

6.998

0.580
8.75
15.89
0.320 23.96
0.420 17.74
12.60
1.089
1.90
1.597

0.635

1.980 17.12
1.224
8.15
16.54
0.472 14.84
2.636 15.07
4.033
9.87
0.350

1.134
5.61
0.000 17.56

0.250

0.304

2.939
0.29
0.345

1.801 13.71
2.500 13.63

1.426 10.88
1.795
7.42
5.730 21.36
0.000 38.99
0.213 25.44
1.400 12.88
1.014 20.97

5.05

1.368
9.12
1.682
7.40
0.000 66.28
1.686 10.84
3.453 19.00
0.505

0.484 13.05

8.22
1.259 13.70
0.904 17.50
0.000
9.54

0.797

7007
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
7161
9261
5398
5226
5169
5169PA
5169PB
6238
3336
8834
4723
9083
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283

ARK
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
FUTUTEC
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IREKA
JAKS
JETSON
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN

0.350
0.540
0.605
0.550
0.360
0.890
0.990
1.750
0.820
0.915
0.350
1.350
1.200
4.340
0.840
0.800
1.360
1.290
1.640
6.300
0.610
0.800
0.320
0.770
1.160
1.440
0.980
0.370
0.930
0.200
0.900
1.860
0.460
1.390
1.500
0.120
3.070
0.700
1.120
0.360
0.300
0.845
0.500
1.180
0.610
0.245

0.035
-0.015
0.010
UNCH
0.005
0.010
UNCH
UNCH
0.005
-0.010
0.050
UNCH
0.080
UNCH
-0.020

-0.030
0.050

0.025
0.005
0.010
0.070

-0.020

-0.010
UNCH
-0.010
0.080
UNCH

UNCH
-0.005
-0.030
-0.025
0.040
-0.015
0.015

UNCH
0.030
0.030
UNCH

902.7
243
479.2
457
84.2
143
16
525.9
170.2
158
1.8
665.9
4955
11
677.9

368.8
1864.3

2786.3
332
930.1
447.1

22.9

3788.2
12
662.6
1995.2
220

832
1328.2
195.1
1102.8
3713.2
502.4
556.8

104.2
1631.1
5
3307.9

0.931
0.000
0.888
0.799
1.255
1.480
0.000
0.000
2.720
0.603
0.000
1.010
4.762
1.178
1.184

1.930
5.810

0.522
0.000
1.180
1.845

0.996

0.478
0.523
2.783
2.322
0.460

1.391
0.299
6.189
1.195
0.000
0.298
0.554

0.000
2.270
0.770
0.300

47.30
17.70
3.34

11.58
6.09
6.81
7.06
10.83
12.69
24.82
7.61
4.42
13.79
8.25
3.65

11.25
14.85

21.62

58.33
9.01
39.45
14.80
7.89
6.03

9.38
22.12
16.11

6.45
8.05
11.82

3.02
22.73
7.67
9.80
11.48

4.02

3.70
5.79
0.55
5.56
3.37
3.79
1.71
3.05
2.19
3.57
2.22
3.33
2.76
2.25

1.84
1.16
1.59
2.38

3.28

2.81

3.58

10.00
2.15
2.17
7.19
6.00

5.21
1.79

0.60

2.00
1.67

16.0
261.1
183.8
446.5
78.3
307.5
171.0
162.2
438.7
782.7
115.5
122.7
261.7
10,441.6
328.4
276.1
11.2
27.0
955.6
11,254.5
104.2
350.7
60.1
772.1
348.7
196.5
117.6
24.8
597.2
46.3
497.2
874.8
292.0
126.9
505.5
38.0
499.7
541.8
1,448.0
115.3
144.1
54.9
58.2
1,416.6
72.7
207.0

5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
5081
5208

AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
EIG
EITA

0.155
0.360
2.780
0.160
0.870
4.320
0.430
0.020
9.900
1.560
0.220
0.855
0.110
2.900
4.560
0.295
6.140
0.215
0.875
0.510
0.210
6.790
2.140
0.360
2.100
0.680
0.450
2.950
0.490
0.580
3.800
0.780
1.210
2.540
0.820
0.400
0.490
0.070
0.745
0.045
1.460
0.100
1.570
1.080
0.590
1.570
3.880
1.060
0.325
0.870
0.325
0.210
3.130
0.200
0.950
1.150

-0.005
11981
0.030
330.5
-0.010 1066.1
UNCH
307.6
-0.015 129658.5
0.100 1999.8
0.010 1922.4
UNCH
658.3
-0.100
2

-0.005 40643.8
-0.005 19019.6
0.005
997
0.020 6286.6
-0.010
4
-0.010 1543.3
UNCH 10851.7

0.040 1808.3
UNCH
865.7
-0.005
1364
-0.010
2
-0.030
507
UNCH 2591.4
-0.020
33.3
0.035
171.1
UNCH
4.5
-0.060
4206
-0.005 2973.8
-0.005
168.1
-0.030
390.8
UNCH
11.8
0.130 1166.8
-0.070
83.1
0.010 1125.6
UNCH
5

UNCH
123
0.015
169.1
UNCH
192.8
-0.010
159.7
0.005 16081.5
0.020 1422.2
0.020
363
0.010 1668.5
0.010 11603.9
-0.020
114
UNCH 4007.5
UNCH
47
UNCH 2072.4

0.010
217
0.120
181.4
-0.005 2381.3
0.005
11
-0.010
20.1

1.040
0.344
15.101
0.000
2.412
8.659
1.512
0.089
12.480

0.311
3.968
0.140
2.917
4.675
0.277
6.719

1.392
1.312
0.320
0.000
1.535
0.525
1.679
0.820
0.490
3.924
0.489
1.493
5.333
0.000
1.759
2.454
2.050
0.516

0.105
0.690
0.050
2.457
0.381
5.370
4.279
0.371
2.979
6.572
9.405
0.480
0.000

0.336
2.565
0.146
0.000
0.958

18.13
12.80

10.29
6.74

17.07
12.89

21.81

26.88
23.85
5.83
21.77
11.62
6.93

4.45
22.68
11.26
2.05
3.50

11.03
10.70

12.27
0.18
20.47
7.30
7.19
29.41
3.94

93.13

6.73

7.37
7.46
32.24
28.29
10.43
24.09
2.15
14.26

17.21
21.28
10.88
9.98

13.89
1.80

3.45
1.76

4.04
1.92

1.91
2.27
3.97
6.58

3.58
4.65
2.29

3.24
4.15
2.78
2.74
1.47

7.29

5.53

2.48

4.88
3.13
1.16
4.29
4.03

3.42

4.46
6.48

1.34
2.45
1.42

1.15

1.60

3.16
3.48

643.0
147.6
3,903.1
25.6
2,421.2
7,167.7
397.5
23.9
1,627.4
93.6
86.0
5,015.7
73.0
15,085.0
1,156.6
67.5
53,438.6
81.8
719.2
163.2
45.1
3,123.4
2,439.9
1,559.4
787.5
3,400.2
105.8
3,985.5
186.8
137.0
3,929.9
182.4
263.4
255.9
306.2
51.0
81.9
50.4
90.8
96.0
323.9
165.2
1,377.0
432.0
476.7
7,989.3
611.7
1,431.0
79.8
438.5
19.5
65.4
2,546.3
141.8
176.2
149.5

# PE is calculated based on latest 12 months reported Earnings Per Share

YEAR
LOW

DAY
HIGH

DAY
LOW

0.450

0.966 1.090
1.050
1.500 1.560
1.540
0.450 0.485
0.470
1.250 1.350
1.320
0.110 0.165
0.155
0.150

1.892 2.060
2.010
0.820 0.915
0.865
3.744 3.980
3.900
6.510 6.850
6.710
0.960 1.200
1.140
0.380 0.430
0.400
1.890 2.090
2.000
0.060

0.265 0.300
0.290
3.481 5.510
5.450
1.350 2.250
2.180
2.969

0.010 0.015
0.010
0.250 0.325
0.310
4.576 5.900
5.790
0.599 0.740
0.720
0.790 1.290
0.945
0.205 0.250
0.235
1.450 1.600
1.560
0.380

0.215 0.330
0.320
1.720 1.860
1.820
0.250 0.285
0.275
1.420

3.488 4.220
4.180
1.031 1.200
1.160
0.350 0.395
0.380
0.190 0.215
0.200
0.270 0.315
0.300
0.120 0.225
0.225
0.500 0.570
0.535
0.647 1.200
1.160
2.468 2.600
2.560
1.180 1.450
1.400
0.135 0.145
0.140
5.912 6.680
6.540
0.775 0.835
0.800
2.567 3.000
2.730
1.040 1.090
1.050
0.500 0.555
0.535
0.685 0.820
0.710
1.910 2.050
2.010
0.910 1.040
1.000
6.365 8.370
8.090
1.490 1.700
1.670
0.330 0.365
0.360
0.065 0.070
0.065
0.155 0.170
0.160
0.270 0.290
0.280
1.384 2.650
2.560
0.600

2.074 4.310
4.270
0.075 0.085
0.075
0.587 0.730
0.660
0.615 0.735
0.720
1.290 1.370
1.330
0.085 0.100
0.095
0.680 2.300
2.250
0.400 0.440
0.435
0.460 0.530
0.515
1.010 1.080
1.040
0.910 0.950
0.930
0.055 0.070
0.060
0.880 1.020
0.990
0.985 1.520
1.510
0.240 0.320
0.290
0.145 0.150
0.145
2.798 5.270
5.120
14.210 21.340 21.140
0.030

3.973 6.450
6.390
0.167 0.200
0.190
0.220

3.760 3.800
3.760
1.304 1.810
1.740
1.864 2.760
2.690
0.100 0.115
0.105
0.340 0.375
0.375
0.535 0.615
0.585
0.589

0.393

0.090 0.095
0.090
1.035 1.830
1.750
0.135 0.165
0.150
0.230 0.270
0.255
0.640 1.050
1.050
1.236 1.400
1.380
1.155 1.470
1.400
6.700 7.600
7.390
0.751

1.360 1.750
1.680
0.819 1.600
1.570
2.114 2.540
2.340
2.250

0.100 0.145
0.130
1.900 2.200
2.110
0.110 0.130
0.125
0.330 0.370
0.360
1.341 3.500
3.420
2.407 3.410
3.250
10.260 11.300 11.180
0.686 1.330
1.320
0.290 0.370
0.345
0.130 0.170
0.150
6.000 6.630
6.480
0.435 0.520
0.495
0.910 0.950
0.930
0.370

2.563

0.866 0.930
0.910
2.300

0.860 1.060
0.990
1.220 1.300
1.260
0.500

1.280 1.820
1.710
0.360 0.400
0.400
2.280 2.400
2.400
0.420

2.713 4.220
4.140
0.755 1.060
1.000
0.040 0.055
0.050
2.310 2.720
2.640
0.434 0.485
0.460
1.440 1.590
1.550
10.083
2.100
3.400
10.100
10.100
4.170
1.225
3.700
7.457
4.480
0.895
1.300
12.300
7.400
12.500
1.770
0.580
0.782
0.125
1.513
0.532
10.559
0.575
2.680
7.963
1.260
2.990
1.300
1.190
16.880
0.285
6.010
0.550

12.280
2.320
3.760
10.600
10.100
4.780
1.450
4.000
8.240
5.010
1.250
1.420
13.200

14.180
1.910
0.655
0.880
0.135
2.610
0.595
13.160
0.715

8.800
1.410
3.300
1.400
1.380
18.200
0.380
6.570
0.590

12.100
2.280
3.650
10.500
10.100
4.590
1.430
3.990
7.730
4.900
1.250
1.400
13.020

13.820
1.910
0.625
0.875
0.130
2.600
0.575
13.000
0.710

8.690
1.370
3.210
1.370
1.360
17.900
0.370
6.400
0.570

CODE

7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
5509
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
0016
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
1066
4898

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NCB
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYMPHNY
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL

0.775
1.070
1.560
0.470
1.350
0.155
0.185
2.050
0.865
3.960
6.850
1.150
0.405
2.060
0.065
0.300
5.450
2.200
3.100
0.015
0.315
5.850
0.730
1.190
0.250
1.560
0.415
0.330
1.830
0.285
1.530
4.200
1.170
0.385
0.205
0.300
0.225
0.560
1.160
2.600
1.430
0.140
6.570
0.835
2.940
1.050
0.535
0.815
2.050
1.010
8.100
1.690
0.365
0.070
0.165
0.280
2.600
0.600
4.310
0.075
0.660
0.730
1.350
0.095
2.260
0.440
0.515
1.050
0.950
0.065
0.990
1.520
0.290
0.150
5.270
21.160
0.055
6.450
0.200
0.260
3.780
1.740
2.730
0.105
0.375
0.595
0.720
0.480
0.095
1.780
0.155
0.265
1.050
1.400
1.470
7.450
0.760
1.720
1.590
2.540
2.700
0.135
2.190
0.125
0.370
3.500
3.400
11.180
1.320
0.370
0.155
6.490
0.520
0.940
0.430
2.760
0.930
2.700
1.000
1.300
0.565
1.710
0.400
2.400
0.450
4.200
1.020
0.055
2.700
0.465
1.560

0.020
0.030
-0.010
UNCH
-0.005

0.040
-0.025
0.070
0.160
-0.020
UNCH
0.040

0.010
UNCH
-0.020

0.005
0.005
0.060
0.010
0.190
0.010
-0.090

UNCH
-0.020
UNCH

UNCH
-0.020
-0.010
UNCH
-0.010
0.010
0.030
-0.030
0.050
UNCH
-0.005
-0.050
0.035
0.160
-0.040
UNCH
-0.115
0.050
0.025
-0.020
0.040
0.005
0.005
UNCH
-0.005
-0.030

UNCH
-0.005
-0.070
0.010
-0.020
UNCH
0.040
UNCH
0.015
UNCH
0.020
UNCH
0.010
0.010
UNCH
UNCH
0.160
-0.060

-0.050
UNCH

UNCH
-0.010
0.130
-0.005
-0.005
UNCH

0.005
0.030
0.005
0.010
UNCH
UNCH
UNCH
UNCH

0.110
0.010
0.110

0.010
0.190
0.005
UNCH
0.050
UNCH
-0.020
0.010
0.025
0.010
-0.010
0.020
0.010

0.030

0.015
-0.010

0.010
0.005
0.120

0.080
0.030
UNCH
0.080
0.005
-0.020

862.2
20.6
570.4
5.3
42451.7

333.4
1102.7
7379.9
6651.6
943.2
250.4
38.8

106.8
752.5
156.4

3975.1
5711.5
8547.5
75
166
377
12.1

356.2
100.9
102.6

988.1
466.2
204.6
1097.5
445.5
61
221
209.5
401
11614.3
3392.7
4689.9
636.9
418.5
1474.9
89.7
16.5
49.4
779.2
4462.2
2096.8
430.5
18678.8
1166
862
2562.1

636.9
2870.3
61
503
366.6
1175.2
291.5
47.1
1140.1
1443.2
153.4
11497.6
458
539.6
31015.4
308.1
123.2
857.3

47.6
361

412.4
406
120.3
13727.8
0.1
3012.4

240
847.2
4638.2
2650.1
22
44.9
3430.5
6937.4

37683.5
48.1
225.7

46331.9
76.4
1165.1
40.7
144.3
27.2
8866.3
31.2
458.5
10029.4
7184
5471.1
320.5

10.5

5256.6
11.5

661
42
2

4201.1
1415.8
0.6
862.6
4199.8
10421.3

AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP
RHBCAP
TA

12.180
2.280
3.760
10.600
10.100
4.700
1.450
3.990
8.240
5.000
1.250
1.410
13.080
10.200
13.960
1.910
0.630
0.880
0.135
2.600
0.575
13.000
0.715
2.700
8.760
1.370
3.220
1.380
1.380
18.000
0.370
6.480
0.590

0.140
22.6
-0.020
161.5
0.120 1577.4
UNCH
3.3
-0.100
2
0.140 12367.4
0.020
12.8
UNCH
4.1
0.540
619.4
0.120
14524
UNCH
150.2
UNCH
81.1
0.040
1850

0.280
416
-0.020
8
0.005 1955.8
0.005
77.8
UNCH
22
UNCH
65.9
-0.015
326.8
UNCH
56.9
0.005
1137

0.110 16049.3
-0.020 1189.2
-0.020
178.7
UNCH
280.6
UNCH
78
-0.020 9083.3
-0.005 3784.7
0.040 1294.8
0.015
856.5

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

1.658
6.82
1.888
6.12
0.750 13.06
1.540 10.56
0.075
7.45

3.875 18.89
2.952 40.23
4.211 18.83
10.196 19.37
1.081 10.99
0.883
6.75
2.644 13.54

0.468
5.93
2.654 15.30
0.869
7.69
10.01
0.048

0.000
6.47
4.042 62.30
0.723

0.670
5.09
0.322

0.000
3.45
11.82
0.275

1.978
8.58
0.000 12.28

5.61
6.116 29.23
2.191
5.19
0.462
4.76
0.152
8.27
0.429 15.31
0.151 40.91
1.000

1.286 13.73
3.264 14.40
0.000
2.92
0.150
7.45
7.027 29.99
1.704

3.599
9.42
2.650 15.42
1.005
2.35
0.000 27.26
1.976
6.26
3.738 14.79
1.000 13.59
2.820 10.06
0.686
8.09
0.094 38.89
0.201

0.424
3.80
2.509 49.90

3.644 58.24
0.115

0.000 10.28
0.816 18.96
2.573 12.77
0.124

0.000 25.62
0.494
8.27
0.994
7.87
3.506
8.13
0.984 17.27
0.080

2.187
7.49
1.974 28.73
1.458 11.84
0.346

2.757 29.26
30.797 32.88

0.66
4.619 16.75
0.175 12.58
14.29
5.937 15.98
2.589 51.79
1.000
5.05
0.115
5.80
0.386 535.71
0.674

15.82

0.98
0.217

0.654 21.45
0.368
5.17
0.721
8.05
1.000 132.91
1.536 29.35
0.000 26.82
9.647 18.01
38.97
4.291
8.70
0.725 25.04
2.459 16.21

9.67
0.304
7.11
2.666 12.30
0.118 250.00
0.435 32.46
0.982
4.94
2.066 12.68
1.000
9.49
0.865 29.60
0.629

0.900

1.000 32.14
0.384 47.71
1.000
5.39
74.14

9.26
0.785
7.36
12.69
3.400 12.36
1.755
9.84

4.650
9.14
0.000

2.900

6.39
2.533 27.40
0.000

0.130 32.35
5.861 11.31
0.000

1.611 15.15

0.93
5.77
5.83
3.70

5.64
0.97
1.59
0.58
4.61
1.48
6.80

4.59
1.14
4.84

0.51
4.79

14.10

4.64
3.51
3.27
1.93
3.42

4.31
7.69

1.43
5.18
1.20
2.72
10.48
6.34

3.90

1.67
2.07
2.74

0.58

1.62

3.03

4.44

5.11
5.01

3.95

2.02
1.32

1.14
1.80

5.27
1.90

3.47
1.87

2.38

5.04
4.51
9.38

4.07

9.29
1.70
4.83
1.32
1.17
1.89
5.91
2.22

3.20

3.57
2.65
2.59
11.36

3.50
0.58
4.26

1.36
5.38
2.22
1.00
3.46

2.21

2.92

2.73

0.56

6.09

71.2
317.8
225.8
225.7
233.5
163.3
23.6
2,632.2
1,069.4
23,514.7
25,640.9
345.5
95.6
416.5
5.2
48.0
12,235.3
400.4
212.3
48.8
370.8
48,105.9
130.0
86.2
37.9
218.4
82.2
41.6
506.1
62.7
152.5
4,426.2
583.8
56.9
82.6
166.9
19.1
129.7
306.3
3,738.1
7,150.0
147.6
49,335.7
835.0
1,148.7
1,164.7
902.7
34.2
498.9
1,616.0
36,156.7
5,146.1
59.4
53.1
483.9
659.7
3,125.5
36.1
2,026.8
58.7
67.9
385.6
625.4
97.2
418.1
123.2
317.5
1,148.6
314.7
56.5
318.5
1,137.8
346.0
29.4
979.1
21,021.5
2.8
1,669.8
131.6
13.0
2,030.0
842.2
273.0
136.8
322.0
403.2
97.9
88.1
18.0
632.7
243.1
620.6
54.6
1,047.3
1,813.1
46,273.1
30.8
10,306.5
262.4
1,876.0
164.7
470.2
620.5
82.5
444.0
1,538.1
340.0
63,095.6
163.8
141.2
173.8
24,389.0
901.1
395.5
17.6
189.1
100.4
109.9
2,162.0
167.1
62.6
497.5
48.0
161.3
20.1
14,322.0
183.6
33.5
2,950.6
74.6
16,838.6

4.68
6.58
4.10
0.47
0.59
5.81
8.28
5.81
4.19
3.00

5.32
3.13
1.47
2.72
1.31
1.59
4.55

3.85
1.74
4.36
8.39
3.70
6.28
6.83
5.12

6.45
3.06
4.05
0.93
3.05

1,753.9
4,429.9
5,820.9
1,793.9
930.4
14,166.7
309.7
6,153.4
4,405.2
42,449.0
360.1
176.3
24,589.2
2,518.3
14,696.6
487.4
436.8
116.7
84.1
312.0
420.8
4,315.8
217.6
546.4
83,564.2
3,888.8
686.1
986.7
339.4
69,878.5
496.5
16,773.4
1,010.0

15.436
4.253
4.969
10.400
0.000
7.396
1.180
1.000
8.033
7.536
1.068
1.512
1.000

15.806
4.315
0.963
0.000
0.160
1.851
0.620
16.538
0.663

9.750
2.620
3.648
1.767
1.467
1.000
0.265
7.601
0.782

60.60
8.51
10.96
6.16

8.21
14.47
11.02
21.65
15.93
12.33
9.38
10.35
24.36
9.03
9.70
4.54

74.29
14.59
13.30

15.89
11.78
4.61
4.93
15.21
19.11
14.32
15.55
8.05
6.67

4
2
PROP
1
1
0
0
1
0
1
1
2
3
3
1
2
0
2
1
2
1
0
1
0
0
1
1
0
2
2
1
1
2
2
0
1
0
0
1
2
0
1
1
0
1
1
1
2
1
0
1
0
0
3
0
0
1
2
0
3
3
2
2
2
0
2
3
0
1
1
1
1
3
0
1
6
3
1
3
1
0
9
0
2
0
1
0
2
1
1
2
1
1
2
0
MINI
1
PLAN
1
18
8
1
0
9
0
8
3
10
1
1
1
2
3
0
1
4
23
3
2
0
3
2
1
1
2
5
0
1
0
4
3
0
6
2
0
1
2
2
6
28
HOTE
0
1
0
7
TECH
1
0
0
0
0
0
0
1
0
2
1
0
0
6
0
3
0
0
4
* Volu

A I LY

TU E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

Markets 3 5
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

AP
IL)
1.2
7.8
5.8
5.7
3.5
3.3
3.6
2.2
9.4
4.7
0.9
5.5
5.6
6.5
5.2
8.0
5.3
0.4
2.3
8.8
0.8
5.9
0.0
6.2
7.9
8.4
2.2
1.6
6.1
2.7
2.5
6.2
3.8
6.9
2.6
6.9
9.1
9.7
6.3
8.1
0.0
7.6
5.7
5.0
8.7
4.7
2.7
4.2
8.9
6.0
6.7
6.1
9.4
3.1
3.9
9.7
5.5
6.1
6.8
8.7
7.9
5.6
5.4
7.2
8.1
3.2
7.5
8.6
4.7
6.5
8.5
7.8
6.0
9.4
9.1
1.5
2.8
9.8
1.6
3.0
0.0
2.2
3.0
6.8
2.0
3.2
7.9
8.1
8.0
2.7
3.1
0.6
4.6
7.3
3.1
3.1
0.8
6.5
2.4
6.0
4.7
0.2
0.5
2.5
4.0
8.1
0.0
5.6
3.8
1.2
3.8
9.0
1.1
5.5
7.6
9.1
0.4
9.9
2.0
7.1
2.6
7.5
8.0
1.3
0.1
2.0
3.6
3.5
0.6
4.6
8.6
3.9
9.9
0.9
3.9
0.4
6.7
9.7
3.4
5.2
9.0
0.1
6.3
9.2
8.3
6.6
7.4
6.8
6.7
4.1
2.0
0.8
5.8
7.6
6.4
4.2
8.8
6.1
6.7
9.4
8.5
6.5
3.4
0.0

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

4.230 2.010 3.740


3.650
2.315 1.210 1.340
1.310
PROPERTIES
1.208 0.680 0.795
0.790
1.334 0.785 0.835
0.815
0.530 0.370 0.375
0.375
0.330 0.155 0.180
0.170
1.504 0.864

0.940 0.510 0.560


0.560
1.063 0.726 0.800
0.770
1.610 0.900

2.804 1.850

3.245 1.460 1.520


1.520
3.550 1.980 2.050
2.030
1.540 0.450 0.520
0.450
2.762 1.460 1.530
1.500
0.394 0.210 0.270
0.255
2.100 1.170 1.350
1.280
1.560 0.800 0.900
0.900
2.950 1.050 2.000
1.920
1.000 0.655

0.626 0.410 0.470


0.470
1.123 0.730 0.750
0.735
0.515 0.340 0.370
0.355
0.920 0.425 0.450
0.440
1.150 0.860

1.913 1.020 1.110


1.060
0.750 0.460

2.383 1.660 1.810


1.760
2.770 1.770 2.700
2.690
1.308 0.480 0.520
0.500
1.937 1.160 1.710
1.600
2.884 2.329 2.640
2.580
2.707 1.790 1.950
1.830
0.630 0.315 0.340
0.330
1.780 0.745 0.780
0.750
0.415 0.205 0.230
0.220
0.100 0.040 0.055
0.050
1.237 0.808 0.920
0.870
2.353 1.330 1.450
1.360
0.655 0.340 0.380
0.370
1.586 1.100 1.360
1.300
1.646 1.280 1.320
1.290
0.390 0.250 0.260
0.260
1.163 0.742 0.920
0.880
1.830 1.360 1.430
1.360
1.130 0.630 0.745
0.720
2.782 1.756 2.310
2.270
1.430 1.050 1.140
1.120
0.710 0.540 0.555
0.540
1.060 0.555 0.600
0.570
0.440 0.275 0.285
0.285
0.294 0.186

3.692 1.900 2.060


2.030
0.470 0.300 0.330
0.320
0.495 0.145

1.687 0.795 0.870


0.840
2.140 0.960 1.000
0.970
0.515 0.265 0.275
0.265
3.864 1.950 2.030
1.990
3.048 2.109

2.152 1.580 1.640


1.620
2.711 1.706 1.950
1.940
2.090 1.304 1.520
1.500
0.780 0.290 0.320
0.300
2.131 1.315 1.550
1.550
3.455 1.720 2.040
2.020
0.325 0.195 0.220
0.195
1.022 0.715 0.775
0.745
1.440 0.640 0.715
0.695
1.238 0.870 0.900
0.885
1.320 0.455 0.470
0.455
3.742 2.679 3.100
3.090
0.225 0.140

1.582 0.850 0.950


0.945
6.165 4.500 4.700
4.610
3.540 2.920 3.100
3.060
1.189 0.702 0.795
0.785
3.814 2.821 3.410
3.360
1.159 0.740 0.755
0.740
0.383 0.245 0.270
0.260
9.128 5.391 6.450
6.450
0.130 0.055 0.060
0.055
2.581 1.310 1.400
1.350
0.195 0.105 0.125
0.120
1.140 0.380 0.635
0.570
0.150 0.085 0.090
0.085
2.572 1.550

1.383 0.830 0.900


0.870
1.926 0.755 0.885
0.820
2.184 1.680 1.900
1.880
1.942 1.140 1.370
1.280
1.764 0.698

2.139 1.570 1.780


1.570
0.990 0.595 0.600
0.595
MINING
1.650 1.120

PLANTATIONS
1.160 1.000 1.000
1.000
18.971 16.380 17.300 17.140
8.450 7.423

1.534 1.140 1.300


1.270
0.966 0.685 0.730
0.700
9.606 8.010

0.830 0.380 0.410


0.405
8.300 7.200 7.300
7.200
3.788 1.180 1.300
1.220
10.754 8.520 9.870
9.110
1.940 0.900 1.350
1.320
1.270 0.701 1.060
1.060
1.240 0.790 0.840
0.815
2.610 1.950 2.050
2.020
3.754 2.990 3.100
3.100
0.901 0.605

1.860 1.200 1.400


1.200
4.937 3.700 4.090
3.920
23.375 19.127 21.200 20.600
3.826 2.631

2.846 2.156 2.430


2.310
0.560 0.345 0.395
0.370
3.042 2.410 2.810
2.760
2.116 1.470 1.470
1.470
1.900 1.500

1.077 0.800 0.870


0.860
2.879 2.610

5.660 4.100 4.110


4.110
0.495 0.200 0.210
0.210
1.450 0.890

0.720 0.465 0.500


0.490
4.380 3.500

3.742 2.670

0.850 0.560

6.431 3.610 3.750


3.740
2.557 1.750 1.760
1.750
0.941 0.510 0.545
0.525
1.866 1.110 1.210
1.190
2.002 1.151 1.390
1.320
2.378 1.740 1.870
1.750
6.941 5.350 5.480
5.410
28.000 22.165 26.020 25.700
HOTELS
0.964 0.515 0.600
0.600
1.460 0.840 0.945
0.930
0.530 0.095 0.240
0.225
7.397 5.810 6.290
6.240
TECHNOLOGY
1.000 0.690

0.670 0.195 0.260


0.230
0.375 0.115 0.140
0.135
0.340 0.210 0.295
0.285
0.280 0.130 0.155
0.150
0.340 0.185 0.195
0.195
0.410 0.180 0.230
0.215
1.797 1.002 1.310
1.280
0.733 0.470 0.595
0.575
2.000 1.107 1.310
1.270
1.280 0.850 0.950
0.910
0.410 0.185 0.220
0.200
0.329 0.232 0.260
0.250
6.449 3.454 5.840
5.750
0.748 0.539 0.580
0.570
3.580 1.821 3.190
3.100
0.300 0.100

0.798 0.442 0.645


0.625
4.350 2.246 3.700
3.590
* Volume Weighted Average Price

CODE
6139
5230
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
2968
1503
7010
5062
5018
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
8141PA
6114
8893
6548
1651
9539
3913
5073
5827
5053
6661
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

TAKAFUL
TUNEINS

3.720
1.310

0.050
-0.010

409.1
524.7

1.000
1.895

20.45
13.80

4.03
3.08

3,034.9
984.8

AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GPLUS
GUOCO
HOOVER
HUAYANG
HUNZPTY
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MJPERAK-PA
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
OSKPROP
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND

0.795
0.815
0.375
0.170
1.130
0.560
0.795
1.050
1.890
1.520
2.030
0.510
1.530
0.270
1.350
0.900
2.000
0.760
0.470
0.735
0.365
0.450
1.050
1.060
0.510
1.810
2.690
0.500
1.690
2.640
1.830
0.335
0.755
0.225
0.050
0.920
1.430
0.370
1.360
1.300
0.260
0.900
1.390
0.740
2.310
1.130
0.555
0.600
0.285
0.220
2.030
0.320
0.145
0.855
0.970
0.275
2.000
2.750
1.630
1.940
1.510
0.320
1.550
2.040
0.220
0.775
0.695
0.900
0.455
3.090
0.160
0.950
4.610
3.090
0.785
3.400
0.745
0.260
6.450
0.060
1.380
0.125
0.635
0.090
1.810
0.890
0.845
1.890
1.340
1.480
1.780
0.595

0.010
69
-0.005
305
0.005
1.6
-0.010 1995.8

-0.055
59
0.010
425

0.010
9.5
-0.020
39
-0.015
90.1
0.030 1358.3
0.015
905.1
0.080
2625
UNCH
0.2
0.060
150.1

0.005
15
-0.005
456.1
-0.010
176.9
0.005 1782.1

0.010
408.3

0.030
208
0.010
12.4
-0.005
789.7
UNCH
12.9
0.060
191.3
-0.100
6440
UNCH
187.1
0.010
525.4
0.005
285
0.005 5300.7
0.060
6
0.090
752.6
UNCH 1205.4
0.040
121
-0.010
655
UNCH
10
-0.050
414.8
-0.030 7613.4
0.025 1107.2
0.050
427.2
-0.020
381
0.015
475.1
-0.010
28.1
0.005
261

0.010
72.5
UNCH
588.4

0.015 3854.7
-0.090
87.5
0.005
448.8
-0.030
458.3

0.020
459.3
UNCH
293.5
0.030
111.5
0.020
53.9
UNCH 1594.6
0.050
157.1
UNCH
42.5
0.015
59
0.005
165.1
0.015
44.1
-0.015
342.6
UNCH
6.4

UNCH
100
0.090
33.6
0.040
439
-0.005
88.9
UNCH 1211.2
UNCH
454.5
-0.005
375.9
0.150
0.2
UNCH 2241.2
0.050 3636.4
0.010
179.4
0.070
237.9
UNCH 19442.8

0.010
317.3
0.025 4651.4
0.010
608
0.020
520.7

0.090 1232.5
-0.005
209.9

0.829
6.27
0.932
8.51
0.000

0.147
0.45

6.13
0.596 37.58
0.875 12.23

3.51
2.594
4.02
3.289 14.89
0.38 5100.0
1.920 11.97
0.198 31.76
2.716 71.05
1.045 89.11
1.060 31.15

7.20
0.510

1.083
6.14
0.462
4.90
0.758
4.63

7.89
1.070
5.45

8.28
2.133
4.32
2.302 12.77
2.532
6.41
2.016
6.29
2.710 16.71
0.000
4.50
0.609
7.49
1.257 314.58
0.262
6.99
0.076

1.480
5.19
2.051
3.20
0.373
2.27
1.240
7.33
1.661
9.17
0.325

1.305
5.81
2.198
9.25
0.882
8.99
3.220
5.46
0.726

0.794

0.655
2.65
0.515 20.21

2.646
9.73
0.366
5.73

1.373
4.97
0.000
2.21
0.172

3.622
3.33
12.48
1.608
7.48
1.350
3.69
1.536 10.17
0.444 35.16
1.269
3.05
2.699
7.38
0.300

0.927
4.86
1.217
6.98
0.882
5.73
0.519

2.150
7.23

0.618 12.82
4.633 15.46
2.873 13.89
0.830 49.37
2.648
7.56
1.086
4.89
0.299 10.04
5.530 12.81
0.066

1.411
5.33
0.160

1.210 16.45
0.219

7.64
1.341
4.64
2.305
7.97
1.990
7.95
2.342
6.48
10.16
1.727 20.92
0.952 24.19

3.77
1.84

2.65

2.52

6.35
15.79
2.46

1.78

1.97
10.64
6.33
5.48

1.89

7.18

3.02
7.44
1.89
3.28

0.89

3.26
6.99
5.41
3.68
2.50

5.56
4.68

6.43
1.77

2.27
3.94
12.50

2.92

1.75
4.36
4.60
5.15
4.97

4.19

3.23
2.30
3.33

8.09

2.11
2.60
3.14

3.24
6.71
3.85
4.96

7.03

2.21
6.93
3.55
6.88
3.49
5.91

474.7
297.5
111.3
168.7
233.1
115.8
884.9
289.5
431.8
152.0
430.7
157.8
1,927.5
197.1
3,191.8
250.8
272.4
97.3
66.0
534.9
137.1
204.6
154.2
742.5
20.4
477.8
671.4
494.5
299.6
3,603.1
6,915.3
149.3
505.6
170.6
288.8
176.4
1,410.6
400.3
99.5
715.8
94.1
299.6
3,349.1
331.8
1,271.1
1,508.3
273.4
160.3
56.2
20.2
851.4
386.3
41.7
1,527.5
54.7
210.1
500.0
249.0
2,056.3
641.9
637.6
65.9
819.1
778.3
76.1
108.2
163.2
383.5
100.7
748.2
33.6
459.9
1,584.1
8,019.2
577.4
6,020.5
231.0
1,383.6
482.8
253.2
585.1
41.9
159.5
72.9
651.6
1,288.2
3,834.1
2,874.3
660.1
295.1
785.8
502.4

2186

KUCHAI

7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
2003
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089

AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KULIM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT

1.000
17.260
8.100
1.300
0.730
8.010
0.405
7.200
1.220
9.870
1.330
1.060
0.815
2.030
3.100
0.650
1.400
4.000
20.820
2.920
2.310
0.385
2.770
1.470
1.600
0.870
2.800
4.110
0.210
0.890
0.500
3.700
2.950
0.560
3.740
1.750
0.540
1.190
1.360
1.750
5.430
26.020

1.150

5592
1643
1287
5517

GCE
LANDMRK
PMHLDG
SHANG

0.600
0.935
0.235
6.240

UNCH
0.005
0.005
-0.060

1
195
778
70.5

0.927
1.097
0.065
6.645

7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334

AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM

0.900
0.230
0.135
0.285
0.155
0.195
0.215
1.300
0.580
1.270
0.910
0.200
0.255
5.750
0.580
3.100
0.105
0.640
3.590

-0.015
0.005
UNCH
0.005
-0.005
UNCH
0.010
0.010
-0.030
-0.035
-0.005
-0.005
0.030
0.015
-0.040

0.020
0.010

3423.8
451
143.6
208
520.8
1823
86.1
604.6
286.7
644.3
1325.7
145
889.8
45.5
3378.6

6207.9
106.9

0.579
0.378
0.310
0.255
0.230
0.264
1.201
0.509
0.652
0.796
0.462
0.276
3.122
0.718
1.542

0.574
2.047

UNCH
21
0.060
28.5

0.010
297.8
0.030
30.9

UNCH
315
-0.300
25
0.020 6772.1
0.480
260
-0.030
104.2
0.060
8
-0.025
74.7
0.010
24.1
0.020
20

-0.050
1
0.010 10154.4
0.020
659.3

-0.090
474.3
UNCH
999
-0.030
453.3
-0.030
6

-0.010
15.4

0.010
1
-0.005
10

UNCH
368

UNCH
40
UNCH
5
UNCH
320.6
-0.020
78.7
0.060
168.6
-0.070
472.6
0.060
11.8
0.120
32.7

# PE is calculated based on latest 12 months reported Earnings Per Share

2.37

0.09

142.3

0.000

19.530 15.32
26.79
0.000 28.26
0.938 16.11
23.61
0.485
4.34
0.000 14.13
4.456 37.42
10.947 23.00
1.050 32.76
0.740 22.51
1.336

2.617 16.71
3.367 30.39

1.410 35.00
5.619 150.38
24.513 25.95
52.24
2.598 11.62
3.488 213.89
3.678 54.53
0.000

1.055 18.95
28.93
0.000

0.343

0.811

30.35
33.60

6.100 18.84
2.550 11.52
0.981 22.13
1.861 21.33
0.000
7.08
2.804 47.30
1.000 23.86
26.600 19.64

2.00
3.48
0.49

2.74
2.00

4.17
8.20
0.66
0.75
2.83
9.82
3.94
1.94
1.68

2.25
2.64
0.34
5.63

3.43
3.40

2.30
0.36
1.70

2.70
0.78

1.34
5.14
2.78
1.68
11.03
1.43
2.95
1.54

120.0
7,524.5
757.4
2,080.0
232.5
731.8
342.7
1,018.0
4,450.7
7,657.2
296.5
190.1
151.2
1,624.0
2,729.8
273.5
267.7
25,837.2
22,225.4
184.5
720.3
721.9
3,721.9
458.2
120.0
171.0
336.0
288.5
31.5
290.8
709.2
239.9
195.7
64.4
1,645.5
490.0
800.1
1,051.8
541.5
2,372.5
1,136.0
5,415.7

35.68

3.33

1.92

118.2
449.6
218.3
2,745.6

65.69
13.14

45.24

15.58
6.82
14.22
12.39
66.91
1.81
11.09
23.72

13.00

8.11
11.64

4.62
3.45
5.51

3.92
1.57
3.45
2.55

7.03
0.84

44.3
111.9
58.8
278.8
59.4
90.4
166.7
234.0
119.9
230.0
587.9
138.1
123.2
1,618.7
58.7
2,261.9
10.8
1,320.1
154.4

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

0.140 0.045 0.070


0.070
7.250 4.022 6.810
6.600
1.890 1.020

0.610 0.340 0.420


0.400
0.780 0.455 0.520
0.500
0.425 0.280 0.300
0.290
0.915 0.315 0.700
0.660
0.480 0.200 0.245
0.235
0.135 0.045 0.075
0.070
2.640 1.165 1.810
1.770
3.805 2.009 2.850
2.820
0.960 0.606 0.700
0.680
INFRASTRUCTURE PROJECT COMPANIES
6.419 4.860 5.280
5.200
4.950 3.303 4.870
4.700
3.740 2.290 2.540
2.480
1.050 0.350 0.400
0.390
6.970 4.130 6.100
5.610
1.670 1.332 1.580
1.550
CLOSED-END FUNDS
2.450 2.100 2.150
2.130
EXCHANGE TRADED FUNDS
1.084 1.030

1.890 1.640

1.575 1.010 1.320


1.300
1.005 0.925 0.975
0.970
1.195 0.990

1.065 0.940

REITS
1.168 0.910 0.975
0.965
1.466 1.254 1.390
1.340
0.938 0.730 0.775
0.760
0.915 0.740 0.825
0.820
1.167 1.010 1.040
1.040
3.624 3.130 3.300
3.240
1.545 1.240 1.340
1.310
1.550 1.365 1.520
1.510
1.340 1.141 1.310
1.270
7.305 6.039 7.090
7.000
1.227 0.995 1.040
1.040
1.580 1.255 1.510
1.500
1.694 1.342 1.500
1.490
1.266 1.080 1.120
1.100
1.634 1.253 1.530
1.490
1.050 0.880 1.040
1.000
SPAC
0.690 0.605 0.660
0.660
0.675 0.565 0.600
0.595
0.515 0.390 0.430
0.425

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0143
3867
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008

KEYASIC
MPI
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW

0.070
6.610
1.100
0.405
0.510
0.290
0.665
0.245
0.070
1.770
2.820
0.680

-0.005
0.010

0.005
0.005
-0.005
-0.025
-0.025
-0.005
0.010
0.020
-0.010

50
321.5

284.9
297.4
53
3401.2
10.5
780.1
4021.3
48
278.3

0.000
3.211

0.678
0.784
0.350
0.213
0.000
0.070
0.871
1.148
0.672

11.57

9.84

11.61
14.78
9.76

3.03
9.09

3.95
0.89
2.94

56.4
1,387.3
66.4
109.5
197.9
70.0
88.6
26.3
69.9
1,298.9
658.2
168.6

6947
6645
6807
5078
5031
6742

DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR

5.230
4.870
2.480
0.400
6.020
1.550

0.010 14490.4
0.270
721.1
-0.070
164.1
0.020
102.4
0.090
796.6
UNCH 6274.5

4.873
4.200
3.375
0.385
3.903
1.947

20.44
18.20

7.31
11.96

4.86
6.16

0.93
6.45

40,663.3
2,531.8
1,036.7
280.6
3,465.1
11,510.7

5108

ICAP

2.130

-0.020

103.8

2.360

28.44

298.2

0800EA
0822EA
0823EA
0825EA
0821EA
0824EA

ABFMY1
CIMBA40
CIMBC50
METFSID
MYETFDJ
MYETFID

1.035
1.660
1.300
0.970
1.050
0.960

-0.005
0.005

28
54.2

1.035
0.000

5.49
3.77

3.14
2.34

712.0
2.2
17.7
21.3
264.5
20.7

4952
5116
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109

AHP
ALAQAR
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT

0.970
1.340
0.775
0.825
1.040
3.270
1.330
1.510
1.310
7.000
1.040
1.510
1.490
1.100
1.500
1.040

0.010
-0.040
0.020
0.010
0.010
0.030
0.020
UNCH
0.030
-0.010
0.010
-0.070
-0.010
UNCH
0.010
0.045

127
22.3
330.7
75
11
358.8
2299.1
158.6
1641.8
694.2
66.7
626
645.6
31
12
980.4

1.000
1.330
1.019
1.030
0.000
3.340
1.427
1.520
1.216
5.970
1.180
1.300
1.264
1.509
0.000
1.033

37.60
12.91
15.35
4.41
7.49
13.52
10.73
11.77
13.37
13.15
9.71
8.78
8.08
6.65
12.86
7.52

7.42
5.75
7.14
7.52
8.94
5.37
6.76
6.95
6.39
4.80
8.06
5.44
5.86
5.82
7.37
7.66

97.0
932.9
532.0
472.9
126.7
1,791.2
2,684.8
605.0
4,539.9
12,637.3
687.8
4,556.9
4,380.7
308.6
634.3
1,377.4

CLIQ
REACH
SONA

0.660
0.600
0.430

Unch
0.005
0.005

361.4
385
434.9

0.675
0.000
0.440

416.4
766.7
606.6

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

43
450
932.4
3266.8
2895.5
4439.9
2828.4
756.7
1000
3882.6
219.9
1256.1
962.2
61
8233.1
361.5

585.1
117.1

0.000
0.128
0.315
0.149
0.000
0.082
0.000
0.140
0.214
0.305
0.196
0.146
0.180
0.122
0.080
0.000

0.470
0.145

78.21

33.73

10.17

10.78

17.31

13.75

10.91
30.00

47.50

1.23

0.40

0.86

5.56

1.82

53.6
34.6
153.8
47.6
60.1
36.0
118.8
25.0
17.0
97.6
29.0
17.8
73.6
17.3
68.6
21.9
75.8
35.5
32.5

5234
5256
5241

Ace Market
YEAR
HIGH

YEAR
LOW

DAY
HIGH

INDUSTRIAL PRODUCTS
0.790 0.210 0.610
0.150 0.070 0.080
0.590 0.229 0.440
0.320 0.135 0.225
0.370 0.145 0.320
0.093 0.040 0.045
0.530 0.243 0.410
0.220 0.070 0.085
0.535 0.110 0.140
0.235 0.085 0.100
0.275 0.120 0.125
0.180 0.070 0.075
0.435 0.235 0.350
0.180 0.105 0.120
0.160 0.055 0.065
0.180 0.085 0.095
0.320 0.120

0.415 0.145 0.175


0.250 0.150 0.190
TECHNOLOGY
0.290 0.130 0.165
1.600 0.300 0.565
0.015 0.005

1.160 0.800 0.880


0.395 0.165 0.195
0.120 0.015 0.045
0.150 0.055 0.060
0.145 0.050 0.055
0.142 0.060 0.065
0.430 0.190 0.255
0.145 0.050 0.060
0.260 0.110 0.155
0.070 0.030 0.040
0.195 0.085 0.095
0.155 0.069 0.135
1.854 0.332 0.590
0.095 0.045 0.065
0.230 0.085 0.135
0.228 0.100 0.110
0.435 0.165 0.195
0.700 0.443

0.565 0.120 0.400


0.670 0.180 0.210
0.085 0.040

0.415 0.100 0.125


0.265 0.105 0.115
0.160 0.050 0.065
0.660 0.360

1.950 0.500 0.985


0.469 0.290 0.335
0.115 0.070

0.890 0.374 0.615


0.380 0.210 0.215
0.365 0.175 0.210
0.265 0.100 0.110
0.945 0.650 0.675
0.090 0.025 0.035
0.150 0.055 0.080
0.250 0.095 0.105
0.420 0.120 0.260
1.307 0.488 0.635
0.460 0.262 0.360
0.060 0.030 0.050
0.430 0.100 0.190
0.204 0.075 0.085
0.530 0.288 0.420
0.165 0.030 0.050
0.660 0.395 0.520
0.930 0.170 0.190
0.175 0.065 0.080
0.400 0.158 0.325
0.235 0.090

0.420 0.110 0.185


0.260 0.100

0.160 0.080 0.150


0.425 0.145 0.165
0.460 0.085 0.100
0.425 0.055 0.225
0.490 0.110 0.125
0.656 0.485 0.540
TRADING SERVICES
0.280 0.180

0.200 0.095 0.105


0.260 0.050 0.055
0.358 0.194 0.240
0.343 0.240 0.250
0.750 0.370 0.390
0.410 0.280

0.275 0.100 0.190


0.240 0.170

0.385 0.120 0.185


0.460 0.270

0.330 0.136 0.195


0.055 0.005 0.010
0.240 0.130 0.145
0.900 0.575 0.610
1.650 0.480 0.500
2.670 1.105 1.850
0.313 0.192 0.220
0.560 0.325 0.340
0.680 0.450 0.490
0.255 0.100 0.115
0.060 0.035 0.035
0.115 0.045 0.065
FINANCE
0.730 0.390 0.495

DAY
LOW

CODE

COUNTER

0.590
0.075
0.420
0.220
0.300
0.040
0.385
0.075
0.125
0.090
0.120
0.070
0.330
0.115
0.055
0.090

0.160
0.180

0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084

ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST

0.610
0.080
0.425
0.220
0.305
0.045
0.385
0.075
0.125
0.090
0.120
0.070
0.330
0.115
0.060
0.090
0.150
0.165
0.190

Unch
Unch
-0.010
Unch
-0.005
Unch
-0.015
-0.005
-0.005
-0.005
-0.005
-0.005
-0.010
Unch
Unch
-0.005

0.005
Unch

0.160
0.560

0.845
0.185
0.045
0.055
0.055
0.065
0.230
0.050
0.150
0.040
0.090
0.125
0.545
0.060
0.130
0.105
0.180

0.365
0.195

0.115
0.115
0.060

0.950
0.325

0.580
0.210
0.195
0.100
0.650
0.030
0.070
0.095
0.220
0.605
0.340
0.045
0.175
0.080
0.400
0.045
0.480
0.175
0.075
0.310

0.175

0.145
0.150
0.090
0.200
0.120
0.535

0119
0068
0039
0098
0079
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0034
0094
0069
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0113
0103
0156
0092
0108
0020
0096
0026
0018
0035
0040
0005
0123
0007
0106
0135
0178
0117
0169
0093
0129
0050
0132
0060
0120
0066
0141
0086
0009

APPASIA
ASDION
ASIAEP
BAHVEST
CWORKS
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INGENCO
INIX
INSTACO
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OMEDIA
OPCOM
OPENSYS
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
TMS
VIS
VSOLAR
WINTONI
YGL
YTLE

0.160
0.560
0.010
0.880
0.185
0.045
0.060
0.055
0.065
0.230
0.050
0.150
0.040
0.095
0.125
0.555
0.060
0.130
0.105
0.185
0.625
0.365
0.200
0.040
0.120
0.115
0.065
0.600
0.950
0.325
0.100
0.580
0.210
0.195
0.100
0.675
0.035
0.070
0.095
0.260
0.630
0.340
0.045
0.175
0.085
0.400
0.045
0.500
0.180
0.075
0.310
0.100
0.175
0.110
0.150
0.150
0.100
0.200
0.120
0.535

Unch
355
Unch
19

0.010
157
-0.025
39
Unch
227
Unch
477.2
-0.005
699.2
Unch
1706
Unch 1712.4
Unch 1858.3
Unch 2055.7
-0.005
63.6
Unch
181.9
-0.005 8168.1
-0.010 16757.8
-0.005 9444.9
-0.005
326.5
-0.005
752.9
Unch 9201.8

-0.030 1313.8
Unch 4834.3

Unch
1489
-0.015
171.4
0.010
160

0.005
487.3
0.005
745.2

-0.015 1313.9
-0.005
222.1
-0.010
7462
Unch
30.1
Unch
16.5
Unch 6416.4
-0.005 3634.9
-0.010 3684.6
0.020
2
0.010
352
Unch 7774.8
0.005 1423.2
-0.015 9129.9
Unch 11159.3
-0.020
131.8
-0.005
354.5
-0.015
508
-0.010 1821.8
Unch
1140
Unch 5329.7

Unch 2040.7

0.005
1143
-0.005
524.6
0.005
25505
-0.020 1759.9
Unch
325
-0.005
91.4

0.111

0.460

1.193

0.185

0.070 12.16
0.216

0.073 14.47
0.208 26.00
0.126 60.53
0.075

0.130 11.90
0.060
7.27
0.169

0.123

0.085
8.85
0.079

0.146

0.262

0.275

30.19
0.000 82.95
0.327
8.40

0.000
1.82
0.185

0.100

16.67
0.000 16.70
0.260 11.73

0.203
8.33
0.335 46.67
0.115 114.71
0.187

0.496 36.29
0.070

0.088 15.22
0.070 32.76
0.000

0.745 16.32
0.170 11.07
0.047

0.100 15.22
0.221 10.12
0.402 16.95
0.000

0.000 12.50
0.224
7.50
0.100

0.322 13.19

0.105 17.86

0.066

0.585 11.81
0.000

0.060 22.22
0.000

0.630 20.11

1.80

1.20

2.50

3.16
1.54

3.45

2.52

3.17
2.94

1.43

3.75

3.23

3.43

7.48

45.0
65.1
8.1
374.3
22.4
4.5
29.3
74.6
96.9
194.5
35.3
52.8
11.6
25.0
61.9
310.0
57.2
18.1
136.6
377.5
78.8
44.9
86.6
23.2
28.4
21.3
12.8
56.5
144.5
91.6
18.7
94.5
19.8
138.5
23.2
297.1
21.9
131.8
47.3
55.5
101.6
76.0
13.1
97.7
90.6
75.7
9.0
100.0
46.9
21.2
61.0
12.1
55.5
41.3
65.3
16.6
30.4
102.6
21.1
722.3

0.105
0.050
0.220
0.240
0.380

0.190

0.165

0.190
0.010
0.140
0.590
0.500
1.800
0.210
0.330
0.450
0.110
0.035
0.060

0122
0048
0150
0011
0157
0081
0147
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0089
0145
0140
0165

AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
TEXCYCL
TFP
UTOPIA
XOX

0.230
0.105
0.055
0.230
0.240
0.380
0.300
0.190
0.170
0.165
0.315
0.190
0.010
0.145
0.595
0.500
1.800
0.210
0.340
0.490
0.110
0.035
0.065

Unch
-0.005
Unch
-0.030
Unch

Unch

0.005

Unch
Unch
0.005
-0.005
-0.020
-0.050
Unch
Unch
-0.010
-0.005
-0.005
Unch

15.3
8200.7
57.1
323.8
112

50

2693.5

515
45
40
83.8
47.2
13.5
1645.4
95.3
9
60
1651
938.1

115.00
0.190

0.103

0.165 11.17
0.285 17.39
0.078
9.69
60.00
0.000

70.83
0.165

38.41
0.150 10.86
0.050

0.000

0.695 26.21
0.681

1.000 10.73
0.000 10.40
0.399

0.466 26.06
0.315

0.077

0.164 14.13

2.74
4.17

3.53

2.63

1.85

2.78
7.14
8.82
0.51

61.2
49.7
47.7
58.0
39.6
70.5
41.5
22.3
41.7
48.7
15.3
39.3
9.7
18.9
450.4
67.3
77.0
86.6
84.2
83.7
22.6
34.6
21.6

0.445

0053

OSKVI

0.480

Unch

30.7

0.536

4.17

94.6

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

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

Bursa Malaysia Equity Derivatives

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

Main Market & Ace Market Warrants

0.325
0.240
0.145
0.240
0.155
0.300
0.430
0.360
0.300
0.240
0.195
0.155
1.840
0.035
0.185
0.530
0.350
0.240
0.390
0.745
1.690
0.135
0.950
0.615
0.795
0.290
0.070
0.075
0.150
0.466
0.300
0.130
0.110
0.130
0.450
0.515
0.120
0.275
0.155
0.185
0.060
0.090
0.590
0.270
0.465
0.065
0.660
0.140
0.270
0.185
0.780
2.160
0.215
0.255
0.290
0.055
0.350
0.255
0.145
0.160
0.160
0.135
0.075
0.045
0.075
0.095
0.160
0.165
1.860
0.470
0.035
0.100
0.240
0.105
0.105
1.190
0.085
0.620
0.120
0.115
0.130
1.190
0.120
2.669
0.155
0.460
0.155
0.130
0.150
2.690
0.155
0.035
0.240
0.150
0.070
0.145
0.725
0.320
0.115
0.135
0.160
1.050
0.710
0.270
0.150
0.170
0.465
0.470
1.260
0.225
0.300
0.165
0.185
0.250
1.950
0.135
0.125
0.200
1.200
0.060
0.285
0.245
0.165
0.200
0.050
0.685
0.610
0.640
0.100
0.105
0.280
0.145
0.075
0.165
0.245
0.200
0.195
0.145
0.165
0.405
0.400
0.385
0.270
0.070
0.090
0.060
0.140
0.080
0.205
0.150
0.165
0.115
0.535
0.310

0.020
0.070
0.035
0.075
0.050
0.120
0.025
0.150
0.125
0.030
0.115
0.140
0.487
0.010
0.015
0.260
0.065
0.090
0.220
0.380
0.550
0.015
0.280
0.260
0.300
0.150
0.025
0.025
0.015
0.150
0.100
0.020
0.010
0.005
0.135
0.005
0.020
0.025
0.050
0.020
0.010
0.005
0.225
0.130
0.170
0.015
0.175
0.025
0.030
0.065
0.217
0.500
0.075
0.020
0.075
0.015
0.040
0.070
0.055
0.035
0.075
0.120
0.030
0.015
0.030
0.030
0.050
0.040
0.800
0.280
0.015
0.025
0.130
0.025
0.030
0.395
0.015
0.220
0.060
0.035
0.055
0.495
0.010
0.705
0.020
0.170
0.055
0.045
0.070
1.300
0.070
0.005
0.030
0.020
0.020
0.005
0.085
0.085
0.010
0.010
0.025
0.175
0.060
0.045
0.090
0.065
0.055
0.045
0.690
0.055
0.100
0.010
0.050
0.115
0.710
0.005
0.030
0.045
0.360
0.015
0.150
0.035
0.030
0.105
0.015
0.300
0.140
0.195
0.010
0.005
0.045
0.040
0.015
0.080
0.040
0.080
0.035
0.005
0.030
0.025
0.100
0.040
0.085
0.020
0.035
0.015
0.040
0.005
0.045
0.020
0.025
0.075
0.360
0.110

0.065
0.075
0.045
0.115
0.065
0.200
0.035
0.205
0.190
0.120
0.130
0.155
1.490
0.015
0.020
0.360
0.095
0.125
0.325
0.560
0.650
0.095
0.600
0.290
0.330
0.210
0.030
0.035
0.025
0.170
0.120
0.045
0.015
0.010
0.180
0.010
0.025
0.040
0.070
0.035
0.030
0.005
0.260
0.230
0.180
0.020
0.185
0.035
0.050
0.100
0.475
0.625
0.145
0.025
0.090
0.025
0.210
0.105
0.090
0.065
0.090
0.130
0.035
0.025
0.035
0.045
0.075
0.045
0.995
0.315
0.020
0.030
0.155
0.025
0.065
0.700
0.025
0.250
0.080
0.045
0.075
0.595
0.025
0.950
0.025
0.220
0.075
0.050
0.080
1.590
0.075
0.005
0.035
0.025
0.025
0.005
0.110
0.090
0.015
0.015
0.060
0.820
0.070
0.050
0.090
0.075
0.080
0.075
0.925
0.085
0.140
0.015
0.075
0.160
0.730
0.010
0.045
0.080
0.440
0.015
0.200
0.095
0.080
0.120
0.040
0.335
0.500
0.220
0.010
0.010
0.055
0.055
0.025
0.100
0.055
0.095
0.040
0.005
0.035
0.040
0.120
0.145
0.160
0.020
0.065
0.020
0.050
0.010
0.070
0.050
0.050
0.105
0.425
0.140

0.060
0.075
0.045
0.090
0.060
0.170
0.030
0.205
0.190
0.110
0.130
0.140
1.470
0.010
0.020
0.360
0.085
0.115
0.310
0.540
0.570
0.095
0.580
0.270
0.315
0.200
0.025
0.030
0.015
0.150
0.115
0.040
0.015
0.005
0.165
0.005
0.025
0.035
0.060
0.030
0.025
0.005
0.260
0.230
0.170
0.015
0.180
0.035
0.035
0.090
0.400
0.580
0.140
0.025
0.080
0.020
0.195
0.100
0.080
0.060
0.090
0.130
0.035
0.020
0.035
0.045
0.075
0.045
0.980
0.305
0.020
0.030
0.140
0.025
0.065
0.700
0.025
0.235
0.075
0.040
0.060
0.595
0.015
0.880
0.025
0.190
0.065
0.045
0.080
1.580
0.070
0.005
0.030
0.025
0.025
0.005
0.105
0.090
0.015
0.015
0.045
0.755
0.060
0.045
0.090
0.070
0.070
0.065
0.915
0.060
0.110
0.010
0.050
0.150
0.720
0.010
0.040
0.075
0.410
0.015
0.180
0.080
0.080
0.115
0.035
0.335
0.495
0.220
0.010
0.010
0.055
0.045
0.025
0.100
0.055
0.085
0.035
0.005
0.030
0.035
0.115
0.135
0.160
0.020
0.055
0.015
0.040
0.010
0.065
0.050
0.050
0.105
0.395
0.125

0010WB
5175WA
0024WA
9083WB
8923WA
7167WA
0111WB
5247CE
5247CF
5247CH
5247CI
5247CJ
7216WA
3115WC
8303WA
5171WA
7164WA
7164WB
7153CI
5878WB
5038WA
2003CR
2003WC
8494WA
5789WA
7126WA
5068WA
5068WB
8583CY
8583WB
8583WC
5264CG
5264CH
5264CI
6181WB
5098WA
5236CD
115510
115511
115512
115513
5077CT
5983WA
5040WA
1694WB
0075WA
3662WB
5186CX
5026WA
3816CY
9571WC
6114WB
3867CB
1651C1
1651WA
5150WA
0138CH
0138CJ
0138CK
0138CL
0138CM
0138CN
0096WA
0096WB
0096WC
7139WA
0083WB
9008WA
6661WC
5053WC
0005WA
1295C4
9997WB
7108CF
7108CG
7108WA
5146WA
8311WC
5681CO
6033CK
6033CM
1945WC
8869CL
8869WC
5204CB
7168WA
7145WA
0007WA
6807CG
6807WB
7498WB
0110WA
5256WA
0133WB
0133WC
7045CE
7073WB
0055WA
4197C2
521812
521815
7155WA
0117WA
5241WA
8664HA
7143WA
1201WA
1201WB
5211WA
7106C1
7106C2
7106CX
7106CZ
7082WB
5191WA
534715
534719
534720
7252WA
7079WB
5031CK
4863C4
4863C6
0101WB
0060WA
8397WC
7113CT
5401WA
514814
5243CW
5005CE
5005CJ
5200CT
5200HA
0120WA
7240WA
0066WA
9679CS
9679CU
9679WC
9679WD
0141WA
5246CL
5156WB
5156WC
0095WA
5155WA
7122WA
7293CJ
4677CV
6742CO
6742CS
6742WB
2283WA

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.070
0.545
0.160
0.150
0.100
0.110
0.100
0.045
0.095
0.300
0.145
0.220
0.100
0.110
0.065
0.085
0.145
0.115
0.700
0.310
0.180
0.155
0.275
0.285
0.330
0.860
0.080
0.237
0.720
0.450
0.450
0.440
0.185
0.305
1.990
0.405
0.665
0.040
0.230
0.380
0.040
0.675
0.125
0.140
0.135
0.245
0.180
0.075
0.105
0.220
0.095
0.170
0.080
0.235
0.085
0.550
0.071
0.086
0.220
0.120
0.850
0.325
0.325
0.060
0.625
0.669
0.680
0.545
0.625
0.435
0.120
0.195
0.340
0.195
0.350
0.135
0.815
0.140
0.730
0.225
0.970
1.180
0.150
0.080
0.215
0.035
0.735
0.690
1.060
1.320
1.610
0.575
1.490
1.890
0.575
1.180
0.920
0.530
0.595
0.770
0.680
1.180
0.920
0.590
0.640
0.625
1.100
0.885
0.725
0.135
0.050
0.335
0.945
0.940
0.135
0.695
0.350
0.110
2.960
0.140
0.175
2.950
0.230
0.055
0.260
0.219
0.260
0.250
3.840
0.150
0.155
0.855
1.070
0.370
0.865
0.715
0.025
0.140
0.555
1.760
0.280
0.170
3.200
1.640
0.425
0.120
0.095
0.075
0.155

0.035
0.175
0.060
0.015
0.010
0.015
0.015
0.005
0.035
0.090
0.060
0.010
0.040
0.020
0.015
0.030
0.090
0.025
0.290
0.095
0.045
0.020
0.095
0.035
0.060
0.410
0.025
0.060
0.255
0.090
0.095
0.025
0.065
0.105
0.140
0.175
0.005
0.010
0.045
0.150
0.020
0.255
0.020
0.020
0.075
0.055
0.045
0.030
0.055
0.035
0.015
0.065
0.020
0.100
0.035
0.160
0.020
0.025
0.080
0.015
0.305
0.105
0.115
0.020
0.180
0.300
0.140
0.100
0.420
0.060
0.035
0.060
0.115
0.055
0.120
0.045
0.540
0.010
0.005
0.040
0.010
0.035
0.010
0.010
0.010
0.015
0.160
0.305
0.780
0.995
0.470
0.050
0.340
0.500
0.040
0.250
0.165
0.080
0.085
0.200
0.160
0.515
0.370
0.100
0.075
0.085
0.480
0.355
0.295
0.025
0.035
0.105
0.300
0.110
0.015
0.130
0.010
0.010
1.500
0.015
0.025
0.530
0.130
0.025
0.070
0.060
0.050
0.145
1.960
0.005
0.050
0.625
0.400
0.160
0.495
0.380
0.005
0.045
0.170
0.245
0.160
0.050
1.567
1.020
0.150
0.015
0.030
0.065
0.045

0.045
0.190
0.070
0.025
0.010
0.015
0.015
0.010
0.050
0.150
0.095
0.015
0.050
0.020
0.015
0.035
0.095
0.080
0.340
0.110
0.045
0.040
0.110
0.075
0.110
0.480
0.030
0.145
0.270
0.110
0.125
0.035
0.095
0.125
0.230
0.195
0.020
0.010
0.050
0.180
0.025
0.380
0.025
0.045
0.090
0.060
0.050
0.035
0.060
0.080
0.020
0.080
0.025
0.125
0.050
0.230
0.030
0.030
0.115
0.025
0.380
0.160
0.295
0.025
0.205
0.350
0.295
0.230
0.625
0.165
0.055
0.170
0.140
0.195
0.350
0.075
0.815
0.015
0.015
0.070
0.050
0.125
0.030
0.040
0.020
0.035
0.340
0.485
0.835
1.010
1.210
0.415
1.180
1.320
0.445
0.880
0.555
0.420
0.425
0.565
0.460
0.865
0.620
0.450
0.460
0.460
0.785
0.575
0.470
0.035
0.050
0.120
0.420
0.175
0.035
0.150
0.015
0.010
1.620
0.020
0.030
0.600
0.135
0.030
0.110
0.080
0.255
0.185
3.750
0.060
0.085
0.735
0.440
0.260
0.675
0.470
0.005
0.045
0.235
0.485
0.190
0.080
2.800
1.200
0.180
0.020
0.030
0.070
0.050

0.040
0.190
0.065
0.020
0.010
0.015
0.015
0.005
0.040
0.150
0.095
0.015
0.040
0.020
0.015
0.035
0.095
0.070
0.320
0.100
0.045
0.040
0.105
0.075
0.105
0.440
0.025
0.135
0.270
0.100
0.110
0.025
0.090
0.115
0.200
0.190
0.015
0.010
0.050
0.160
0.020
0.345
0.025
0.045
0.090
0.060
0.050
0.035
0.060
0.080
0.015
0.070
0.025
0.115
0.045
0.200
0.025
0.025
0.110
0.025
0.370
0.145
0.275
0.025
0.200
0.340
0.270
0.180
0.610
0.120
0.045
0.120
0.115
0.170
0.200
0.060
0.735
0.010
0.010
0.055
0.025
0.075
0.020
0.025
0.015
0.025
0.275
0.420
0.780
0.995
1.140
0.350
1.110
1.320
0.355
0.880
0.455
0.370
0.345
0.470
0.385
0.770
0.530
0.335
0.350
0.355
0.700
0.545
0.430
0.035
0.050
0.115
0.410
0.160
0.025
0.140
0.010
0.010
1.570
0.015
0.025
0.585
0.130
0.030
0.090
0.070
0.250
0.185
3.720
0.050
0.055
0.690
0.420
0.245
0.560
0.440
0.005
0.045
0.215
0.445
0.190
0.070
2.750
1.150
0.170
0.015
0.030
0.065
0.045

5238WA
7061WB
7315WB
509922
5014CL
5014CO
1015CV
0159WA
5194WA
52812
52814
5210C4
5210C6
0150WA
7070WA
0072WA
6888C3
6888C4
5258WA
6998WA
5248CE
5248CH
3395WB
7188WA
7188WB
7174WA
5229WA
0163WA
7076WA
5195WA
5195WB
7016WB
1023C6
2852CL
5071WA
2127WA
8591WB
5214WA
0051WA
7212WA
0152WA
7277WA
6947C3
6947C5
6947C6
0029WA
0029WB
7198WB
161916
5216CB
5216CC
5216CD
5216CE
5216CF
3417C1
3417WB
0154WB
0154WC
3557WC
8206CB
8206WA
0107WA
0065WA
7182WA
8877WB
5056WA
7249WA
0650C1
65010
0650C2
0650C3
0650C4
0650C5
0650C6
0650C7
0650C8
0650C9
0650CN
0650CO
0650CR
0650CS
0650CT
0650CU
0650CV
0650CX
0650CY
0650CZ
0650H1
0650H2
0650H3
0650HF
0650HG
0650HH
0650HI
0650HK
0650HL
0650HM
0650HN
0650HO
0650HP
0650HQ
0650HS
0650HT
0650HU
0650HV
0650HW
0650HX
0650HY
0650HZ
5222C6
5222C7
9318WB
7161WA
9261WA
539818
5226WA
5102WA
0078CB
2291WA
318222
318223
3182WA
1147WA
7096WA
7022CF
7676WB
3034CK
3034CN
3034WA
9342WA
9342WB
5095WB
5169WA
7213WB
65110
65111
7013WA
5000CA
4251WA
0023WA
0166CE
0166CH
0166WA
0166WB
3379WB
0069WB
0069WC
5249CJ
7183WA

WARRANTS
AAX-WA
ABRIC-WB
AHB-WB
AIRASIAC22
AIRPORT-CL
AIRPORT-CO
AMBANK-CV
AMEDIA-WA
APFT-WA
APPLE-C12
APPLE-C14
ARMADA-C4
ARMADA-C6
ASIABIO-WA
ASUPREM-WA
AT-WA
AXIATA-C3
AXIATA-C4
BIMB-WA
BINTAI-WA
BJAUTO-CE
BJAUTO-CH
BJCORP-WB
BTM-WA
BTM-WB
CAB-WA
CAP-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CHUAN-WB
CIMB-C6
CMSB-CL
COASTAL-WA
COMFORT-WA
CRESBLD-WB
CSL-WA
CUSCAPI-WA
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C3
DIGI-C5
DIGI-C6
DIGISTA-WA
DIGISTA-WB
DPS-WB
DRBHCOMC16
DSONIC-CB
DSONIC-CC
DSONIC-CD
DSONIC-CE
DSONIC-CF
E&O-C1
E&O-WB
EAH-WB
EAH-WC
ECOFIRS-WC
ECOWLD-CB
ECOWLD-WA
EDUSPEC-WA
EFORCE-WA
EKA-WA
EKOVEST-WB
ENGTEX-WA
EWEIN-WA
FBMKLCI-C1
FBMKLCI-C10
FBMKLCI-C2
FBMKLCI-C3
FBMKLCI-C4
FBMKLCI-C5
FBMKLCI-C6
FBMKLCI-C7
FBMKLCI-C8
FBMKLCI-C9
FBMKLCI-CN
FBMKLCI-CO
FBMKLCI-CR
FBMKLCI-CS
FBMKLCI-CT
FBMKLCI-CU
FBMKLCI-CV
FBMKLCI-CX
FBMKLCI-CY
FBMKLCI-CZ
FBMKLCI-H1
FBMKLCI-H2
FBMKLCI-H3
FBMKLCI-HF
FBMKLCI-HG
FBMKLCI-HH
FBMKLCI-HI
FBMKLCI-HK
FBMKLCI-HL
FBMKLCI-HM
FBMKLCI-HN
FBMKLCI-HO
FBMKLCI-HP
FBMKLCI-HQ
FBMKLCI-HS
FBMKLCI-HT
FBMKLCI-HU
FBMKLCI-HV
FBMKLCI-HW
FBMKLCI-HX
FBMKLCI-HY
FBMKLCI-HZ
FGV-C6
FGV-C7
FITTERS-WB
FUTUTEC-WA
GADANG-WA
GAMUDA-C18
GBGAQRS-WA
GCB-WA
GDEX-CB
GENP-WA
GENTINGC22
GENTINGC23
GENTING-WA
GOB-WA
GPA-WA
GTRONIC-CF
GUNUNG-WB
HAPSENG-CK
HAPSENG-CN
HAPSENG-WA
HARVEST-WA
HARVEST-WB
HEVEA-WB
HOHUP-WA
HOVID-WB
HSI-C10
HSI-C11
HUBLINE-WA
HUMEIND-CA
IBHD-WA
IFCAMSC-WA
INARI-CE
INARI-CH
INARI-WA
INARI-WB
INSAS-WB
INSTACO-WB
INSTACO-WC
IOIPG-CJ
IRETEX-WA

CLOSE
(RM)

+/(RM)

0.040
0.190
0.070
0.020
0.010
0.015
0.015
0.010
0.050
0.150
0.095
0.015
0.040
0.020
0.015
0.035
0.095
0.070
0.320
0.105
0.045
0.040
0.105
0.075
0.105
0.480
0.030
0.140
0.270
0.100
0.110
0.035
0.095
0.120
0.200
0.190
0.015
0.010
0.050
0.165
0.025
0.380
0.025
0.045
0.090
0.060
0.050
0.035
0.060
0.080
0.020
0.070
0.025
0.120
0.050
0.205
0.030
0.025
0.110
0.025
0.370
0.145
0.290
0.025
0.200
0.350
0.270
0.180
0.610
0.120
0.045
0.120
0.130
0.180
0.210
0.060
0.735
0.010
0.010
0.060
0.025
0.075
0.020
0.025
0.015
0.025
0.275
0.480
0.835
1.010
1.210
0.410
1.110
1.320
0.440
0.880
0.555
0.415
0.400
0.565
0.460
0.865
0.620
0.430
0.435
0.460
0.780
0.575
0.470
0.035
0.050
0.115
0.410
0.160
0.025
0.140
0.015
0.010
1.620
0.020
0.025
0.595
0.135
0.030
0.090
0.070
0.250
0.185
3.720
0.060
0.085
0.695
0.420
0.250
0.560
0.465
0.005
0.045
0.215
0.450
0.190
0.075
2.800
1.160
0.170
0.020
0.030
0.070
0.050

-0.005
-0.045
-0.005
-0.005
Unch
-0.010
Unch
Unch
0.010
0.015
0.005
0.005
-0.010
-0.005
Unch
Unch
0.005
-0.005
-0.005
-0.005
-0.015
0.010
-0.005
Unch
-0.010
Unch
Unch
-0.005
Unch
-0.005
-0.010
Unch
0.015
0.005
Unch
0.005
0.010
Unch
Unch
0.005
Unch
0.030
Unch
0.005
0.005
Unch
0.005
0.005
0.005
Unch
Unch
-0.010
Unch
-0.005
0.005
0.020
0.010
-0.005
-0.010
0.005
0.005
0.010
0.020
0.005
0.020
0.005
Unch
-0.020
0.015
-0.025
-0.005
-0.045
0.015
0.020
-0.055
-0.005
-0.035
Unch
Unch
Unch
-0.015
-0.035
Unch
-0.005
-0.005
-0.005
-0.035
0.010
0.015
-0.120
-0.010
0.020
-0.290
-0.120
0.025
-0.260
0.030
0.005
Unch
0.015
0.015
0.040
0.040
0.010
0.010
0.045
0.005
-0.025
-0.020
0.005
0.010
-0.005
-0.070
-0.005
Unch
Unch
0.005
Unch
0.120
Unch
Unch
0.010
Unch
Unch
0.005
Unch
Unch
0.010
Unch
0.005
Unch
-0.020
0.010
-0.005
-0.040
0.075
Unch
-0.010
-0.015
-0.020
-0.015
Unch
0.060
0.010
Unch
Unch
Unch
Unch
Unch

VOL PARENT
EXE
(000)
PRICE PRICE
2232.2
25
100
1866
25
200
15
75
240.1
13
30
50.1
730
440
178
513
20
100
457.1
2988.1
30
15
230
2183.9
1003.2
67
815
1058.2
60
88
483.3
106.5
110.7
870.1
84
701.5
114
60
119.9
1635.8
4620
2251.6
250
20
30
394.3
30
65
30
15099.9
1471
70
1062.5
1879
850
94.1
233
600
40.7
129.5
944.1
1080
1388.5
75.5
16.9
22
144.6
2848.5
102.1
7909.9
18756.9
11919.7
189.2
7531
39947.8
27198
7412
2110.2
300
6153.5
678
2631.4
3807.3
2837.6
1622.5
1337
13839
22309.8
4509.8
50
142.5
30288.8
10.1
2.4
77164.5
0.1
491.7
267
548.4
1169.5
1332.6
5689.5
9925.7
521.2
29771.2
14624.6
9126.4
2944
4805.5
200
10
30
30
1035.3
110
129.5
52.3
400
21.2
255
4173.3
1314.6
95.2
5
200.2
274
119.5
6.2
52.9
146.8
7.2
1697
20
1793.6
926
254
520
15
73.4
1931.9
100
3259.9
6.3
753.9
554.8
127.7
78.5
400
301

0.155
0.500
0.160
0.870
4.320
4.320
4.700
0.020
0.220
477.84
477.84
0.855
0.855
0.055
0.120
0.080
6.140
6.140
3.990
0.210
2.140
2.140
0.360
0.205
0.205
0.980
0.275
0.425
1.730
0.230
0.230
0.490
5.000
4.950
1.920
0.680
0.990
0.065
0.135
0.590
0.060
1.570
5.230
5.230
5.230
0.195
0.195
0.070
1.300
1.060
1.060
1.060
1.060
1.060
1.530
1.530
0.065
0.065
0.270
1.350
1.350
0.230
0.580
0.145
0.915
1.070
0.620
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1,612
1.220
1.220
0.470
1.350
1.200
4.340
0.840
0.765
0.865
9.870
6.850
6.850
6.850
0.450
0.080
5.750
0.405
5.450
5.450
5.450
0.175
0.175
0.940
0.800
0.420
11,800
11,800
0.015
3.240
0.500
0.555
3.100
3.100
3.100
3.100
0.630
0.105
0.105
1.830
0.265

PRM
(%)

0.460 222.58
0.300
-2.00
0.200
68.75
1.650
94.25
7.095
66.21
6.800
58.80
6.000
29.57
0.250 1,200.0
0.400 104.55
423.29
4.28
448.90
5.87
1.200
42.11
1.000
26.32
0.100 118.18
0.200
79.17
0.120
93.75
6.700
14.54
6.400
7.65
4.720
26.32
0.200
45.24
2.214
12.48
2.714
34.85
1.000 206.94
0.940 395.12
0.200
48.78
0.550
5.10
1.482 449.65
0.320
8.24
2.400
54.34
0.460 143.48
0.460 147.83
0.500
9.18
5.400
16.55
4.900
10.14
3.180
76.04
0.500
1.47
1.000
2.53
1.150 1,685.0
0.270 137.04
0.400
-4.24
0.110 125.00
1.190
0.00
5.600
10.90
6.200
21.56
5.400
10.13
0.130
-2.56
0.260
58.97
0.100
92.86
1.400
16.92
1.250
29.25
1.250
23.96
1.180
27.83
1.450
44.34
1.000
16.98
1.800
27.45
2.600
83.33
0.120 130.77
0.100
92.31
0.300
51.85
1.680
29.07
2.080
81.48
0.180
41.30
0.680
67.24
0.200
55.17
1.350
69.40
0.830
10.28
0.610
41.94
1,740
10.12
1,720
14.22
1,800
13.10
1,708
9.87
1,700
10.37
1,750
10.35
1,700
7.96
1,650
5.28
1,720
8.13
1,640
10.81
1,800
12.02
1,780
10.50
1,730
9.75
1,720
6.96
1,660
3.87
1,848
15.88
1,808
14.02
1,800
12.08
1,750
9.29
1,680
7.58
1,720
18.50
1,600
9.57
1,680
16.70
1,840
29.10
1,800
28.57
1,800
25.38
1,880
32.94
1,735
25.75
1,740
18.81
1,680
11.05
1,788
28.93
1,808
32.00
1,850
32.23
1,800
25.87
1,720
17.38
1,660
10.63
1,688
26.05
1,658
24.44
1,700
24.44
1,750
19.54
1,700
13.55
1,650
8.96
1.500
31.56
1.550
43.03
1.000 137.23
0.880
-4.44
1.000
-3.33
4.600
10.02
1.300
71.43
1.340
77.12
1.500
75.72
7.750
-5.07
8.600
28.47
8.880
31.28
7.960
24.89
0.800 107.78
0.100
62.50
6.500
19.30
0.400
16.05
3.900
-0.92
5.000
5.32
1.650
-1.47
0.250
77.14
0.250
91.43
0.250
0.53
0.600
27.50
0.180
2.38
24,800 114.43
26,200 125.56
0.20 1,267.0
3.980
33.95
1.410 225.00
0.100
-0.90
2.415
6.92
3.400
20.56
0.330
0.97
2.000
1.94
1.000
85.71
0.310 214.29
0.130
52.38
2.000
21.15
0.800 220.75

EXPIRY
DATE
08/06/2020
07/04/2016
28/08/2019
29/04/2016
30/09/2015
30/06/2016
31/03/2016
02/01/2018
13/07/2018
27/11/2015
29/04/2016
15/01/2016
30/08/2016
19/04/2024
08/08/2016
29/01/2019
29/01/2016
29/07/2016
04/12/2023
15/06/2020
30/10/2015
10/03/2016
22/04/2022
20/12/2019
23/10/2024
08/02/2020
29/12/2016
09/08/2016
06/11/2019
18/07/2017
07/10/2019
06/01/2016
30/12/2015
02/11/2015
18/07/2016
18/12/2015
21/10/2015
18/09/2017
24/04/2018
03/10/2016
22/04/2018
10/02/2017
29/01/2016
30/12/2015
15/04/2016
07/02/2017
04/04/2023
15/01/2025
30/08/2016
25/01/2016
01/10/2015
28/04/2016
01/12/2015
19/02/2016
29/01/2016
21/07/2019
24/02/2019
18/06/2019
10/09/2019
30/06/2016
26/03/2022
24/12/2018
17/07/2019
22/01/2019
25/06/2019
25/10/2017
09/06/2017
30/12/2015
29/02/2016
30/12/2015
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
31/01/2016
29/02/2016
30/11/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
31/01/2016
29/02/2016
29/02/2016
30/09/2015
30/11/2015
30/09/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
30/12/2015
30/06/2016
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
29/07/2016
31/03/2016
12/10/2019
20/12/2017
29/09/2015
29/01/2016
20/07/2018
16/02/2016
08/06/2016
17/06/2019
31/03/2016
30/12/2015
18/12/2018
24/12/2019
03/06/2025
01/12/2015
02/10/2020
29/02/2016
30/08/2016
09/08/2016
19/11/2019
25/08/2023
28/02/2020
21/12/2018
05/06/2018
26/02/2016
26/02/2016
04/11/2019
29/01/2016
08/10/2019
15/02/2016
30/12/2015
01/12/2015
04/06/2018
17/02/2020
25/02/2020
07/09/2018
22/01/2020
29/01/2016
10/06/2019

WARRANTS
IRIS-WB
IVORY-WA
JAG-WA
JETSON-WB
JIANKUN-WA
JOHOTIN-WA
K1-WB
KAREX-CE
KAREX-CF
KAREX-CH
KAREX-CI
KAREX-CJ
KAWAN-WA
KBUNAI-WC
KFM-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOSSAN-CI
KPJ-WB
KSL-WA
KULIM-CR
KULIM-WC
LBICAP-WA
LBS-WA
LONBISC-WA
LUSTER-WA
LUSTER-WB
MAHSING-CY
MAHSING-WB
MAHSING-WC
MALAKOF-CG
MALAKOF-CH
MALAKOF-CI
MALTON-WB
MASTEEL-WA
MATRIX-CD
MAYBANKC10
MAYBANKC11
MAYBANKC12
MAYBANKC13
MAYBULK-CT
MBMR-WA
MEDAINC-WA
MENANG-WB
MEXTER-WA
MFLOUR-WB
MHB-CX
MHC-WA
MISC-CY
MITRA-WC
MKH-WB
MPI-CB
MRCB-C1
MRCB-WA
MSPORTS-WA
MYEG-CH
MYEG-CJ
MYEG-CK
MYEG-CL
MYEG-CM
MYEG-CN
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NICE-WA
NOTION-WB
OMESTI-WA
OSKPROP-WC
OSK-WC
PALETTE-WA
PBBANK-C4
PENSONI-WB
PERDANA-CF
PERDANA-CG
PERDANA-WA
PERWAJA-WA
PESONA-WC
PETDAG-CO
PETGAS-CK
PETGAS-CM
PJDEV-WC
PMETAL-CL
PMETAL-WC
PRESBHD-CB
PRG-WA
PSIPTEK-WA
PUC-WA
PUNCAK-CG
PUNCAK-WB
RALCO-WB
RA-WA
REACH-WA
SANICHI-WB
SANICHI-WC
SCOMIES-CE
SEACERA-WB
SERSOL-WA
SIME-C2
SKPETROC12
SKPETROC15
SKPRES-WA
SMRT-WA
SONA-WA
SPSETIA-HA
STONE-WA
SUMATEC-WA
SUMATEC-WB
SUNWAY-WA
SUPERMX-C1
SUPERMX-C2
SUPERMX-CX
SUPERMX-CZ
SYF-WB
TAMBUN-WA
TENAGA-C15
TENAGA-C19
TENAGA-C20
TEOSENG-WA
TIGER-WB
TIMECOM-CK
TM-C4
TM-C6
TMCLIFE-WB
TMS-WA
TNLOGIS-WC
TOPGLOV-CT
TROP-WA
UEMS-C14
UMWOG-CW
UNISEM-CE
UNISEM-CJ
UOADEV-CT
UOADEV-HA
VIS-WA
VOIR-WA
VSOLAR-WA
WCT-CS
WCT-CU
WCT-WC
WCT-WD
WINTONI-WA
WPRTS-CL
XDL-WB
XDL-WC
XINGHE-WA
XINQUAN-WA
YFG-WA
YINSON-CJ
YTL-CV
YTLPOWR-CO
YTLPOWR-CS
YTLPOWR-WB
ZELAN-WA

CLOSE
(RM)

+/(RM)

0.065
0.075
0.045
0.110
0.065
0.195
0.030
0.205
0.190
0.110
0.130
0.140
1.470
0.015
0.020
0.360
0.085
0.115
0.310
0.540
0.610
0.095
0.600
0.280
0.330
0.200
0.030
0.035
0.015
0.160
0.120
0.040
0.015
0.005
0.180
0.010
0.025
0.035
0.060
0.030
0.030
0.005
0.260
0.230
0.170
0.020
0.185
0.035
0.050
0.095
0.435
0.625
0.140
0.025
0.085
0.025
0.195
0.100
0.080
0.060
0.090
0.130
0.035
0.025
0.035
0.045
0.075
0.045
0.995
0.315
0.020
0.030
0.140
0.025
0.065
0.700
0.025
0.250
0.075
0.045
0.070
0.595
0.020
0.880
0.025
0.220
0.065
0.045
0.080
1.580
0.070
0.005
0.030
0.025
0.025
0.005
0.105
0.090
0.015
0.015
0.045
0.760
0.065
0.045
0.090
0.070
0.070
0.070
0.920
0.060
0.110
0.015
0.060
0.150
0.720
0.010
0.040
0.075
0.420
0.015
0.180
0.080
0.080
0.120
0.040
0.335
0.495
0.220
0.010
0.010
0.055
0.055
0.025
0.100
0.055
0.085
0.040
0.005
0.030
0.040
0.115
0.135
0.160
0.020
0.065
0.015
0.050
0.010
0.070
0.050
0.050
0.105
0.410
0.130

Unch
Unch
Unch
-0.015
0.010
Unch
-0.005
-0.030
Unch
-0.005
-0.005
-0.015
Unch
Unch
0.005
0.060
Unch
Unch
-0.020
-0.020
0.050
0.030
Unch
0.020
0.010
0.040
Unch
Unch
-0.010
-0.010
Unch
-0.005
Unch
-0.005
0.010
0.005
0.005
0.005
-0.005
Unch
0.010
Unch
0.010
0.040
-0.030
0.005
-0.005
0.005
0.010
0.010
Unch
0.080
-0.010
Unch
Unch
Unch
-0.010
Unch
-0.010
-0.005
0.005
0.010
Unch
0.005
0.005
0.015
-0.005
-0.005
0.005
0.010
0.005
-0.005
-0.020
-0.015
-0.040
-0.030
Unch
Unch
-0.005
0.010
0.015
Unch
0.005
0.045
0.005
Unch
0.005
-0.005
Unch
-0.020
-0.010
Unch
-0.005
Unch
Unch
Unch
0.005
Unch
-0.005
0.005
Unch
-0.040
-0.010
Unch
-0.005
-0.005
0.005
0.005
-0.005
-0.025
-0.025
Unch
-0.010
-0.005
Unch
Unch
-0.005
-0.005
-0.005
Unch
-0.100
Unch
0.020
0.005
Unch
0.005
-0.035
-0.035
Unch
Unch
0.005
Unch
0.005
-0.005
0.005
Unch
0.005
Unch
Unch
Unch
Unch
-0.020
0.005
Unch
Unch
-0.005
0.010
Unch
0.010
Unch
0.005
0.010
0.010
Unch

VOL PARENT
EXE
(000)
PRICE PRICE
2833.2
240
453.9
112.6
176.4
13.5
635
20
40
110
20
1000
20
766.7
210
0.1
3122.5
1750.1
620
32.2
83.5
0.1
268
69.5
40.2
22
621
130.5
263
1056.5
155
583.5
650
900
124.1
776.2
9
11763.3
2882.6
7465.8
1253.7
100
2
22
280
28.2
33
20
10
449
181.8
18
100
30
3709.1
631.5
646
1660.9
3685.3
1598.7
1
40
212.4
605.4
40
0.1
2.5
40
75.8
1213.9
1000
400
2670.9
50
100
1.8
277.3
311.2
7.4
6.8
22
1242.2
285.2
244
350
110.6
796.4
354.7
50
4.1
369
43
6625.6
155.1
3636.8
429.7
14.9
130
752
1350
2290.5
4882.2
392.2
2370
120
151.5
2217.5
10753.3
198.4
4724.2
2804
2876.4
512
979.7
16.7
50
1544
8113.1
176.9
20
20
100
1
365.5
12209
10
50
10
400
20
50
300.1
38.1
60
70.8
81
740.1
165.6
400
740.3
316
801
20
575.2
1258.3
5740
920.7
500
112.4
200
150
191.3
1095.5
980.7

0.185
0.335
0.090
0.320
0.250
1.470
0.200
3.170
3.170
3.170
3.170
3.170
2.480
0.050
0.110
1.160
0.480
0.480
6.890
4.200
1.430
2.770
2.770
1.360
1.300
0.755
0.065
0.065
1.390
1.390
1.390
1.430
1.430
1.430
0.740
0.390
2.310
8.760
8.760
8.760
8.760
0.835
2.940
0.555
0.600
0.065
1.210
1.010
0.870
8.100
0.930
2.030
6.610
0.855
0.855
0.070
2.600
2.600
2.600
2.600
2.600
2.600
0.070
0.070
0.070
0.115
0.405
0.510
1.940
1.630
0.045
18.000
0.460
1.520
1.520
1.520
0.160
0.460
21.160
21.320
21.320
1.550
1.720
1.720
1.740
0.640
0.120
0.085
2.480
2.480
0.760
0.010
0.600
0.060
0.060
0.265
0.600
0.165
7.450
1.720
1.720
1.270
0.180
0.430
3.090
0.215
0.135
0.135
3.400
2.040
2.040
2.040
2.040
0.395
1.380
11.180
11.180
11.180
0.420
0.090
6.020
6.490
6.490
0.520
0.150
0.940
7.720
0.890
0.845
1.000
1.770
1.770
1.890
1.890
0.150
0.400
0.100
1.180
1.180
1.180
1.180
0.200
4.200
0.165
0.165
0.060
0.485
0.055
2.700
1.560
1.550
1.550
1.550
0.245

Please refer to the bursa malaysia website For the prices of Loan stocks, bonds and overseas structure warrants

PRM
(%)

0.150
16.22
0.750 146.27
0.100
61.11
0.750 168.75
0.320
54.00
2.280
68.37
0.220
25.00
2.467
-0.63
2.587
5.57
3.000
6.20
2.987
16.09
3.250
17.98
0.930
-3.23
0.131 192.00
0.510 381.82
1.680
75.86
0.980 121.88
1.000 132.29
7.000
17.34
4.010
8.33
0.800
-1.40
2.717
13.19
2.770
21.66
1.000
-5.88
1.000
2.31
1.000
58.94
0.100 100.00
0.100 107.69
1.680
22.59
1.440
15.11
2.100
59.71
2.000
42.66
2.000
41.96
1.800
26.57
1.000
59.46
0.670
74.36
2.657
18.74
9.000
4.26
8.000
-1.83
9.500
10.02
10.000
15.18
1.220
47.31
3.200
17.69
0.500
31.53
1.000
95.00
0.130 130.77
2.060
85.54
1.250
30.69
1.560
85.06
8.000
10.49
0.600
11.29
1.890
23.89
6.450
10.29
1.000
22.81
2.300 178.95
0.180 192.86
2.000
3.17
2.600
11.54
2.800
20.00
3.000
23.23
2.680
23.85
2.450
19.23
0.100
92.86
0.260 307.14
0.100
92.86
0.160
78.26
1.000 165.43
0.960
97.06
1.000
2.84
1.800
29.75
0.040
33.33
19.300
8.89
0.600
60.87
1.580
10.53
1.580
12.50
0.710
-7.24
1.000 540.63
0.250
8.70
20.880
7.54
20.500
2.49
24.000
15.85
1.000
2.90
2.500
51.16
1.100
15.12
2.500
49.43
0.750
51.56
0.100
37.50
0.100
70.59
2.700
18.55
1.000
4.03
1.000
40.79
0.170 1,650.0
0.750
30.00
0.100 108.33
0.100 108.33
0.500
90.57
1.000
84.17
0.180
63.64
8.500
16.11
2.600
54.65
2.200
37.06
0.550
3.15
0.180
36.11
0.350
-8.14
2.880
1.94
0.300
72.09
0.320 188.89
0.175
81.48
2.500
0.59
2.250
17.35
2.100
13.73
2.150
7.60
2.180
15.69
0.700 115.19
0.600
-4.35
13.800
24.78
13.500
25.04
13.000
21.31
1.350 321.43
0.200 138.89
5.120
6.53
6.400
6.01
7.000
14.02
0.750
67.31
0.100
-6.67
1.000
42.02
4.980
2.98
1.000
37.08
1.200
45.56
2.200 123.00
2.000
22.32
2.050
28.25
2.100
13.76
1.780
4.76
0.250 103.33
0.500
46.25
0.120
60.00
1.748
48.99
1.388
25.07
1.540
33.90
1.710
54.66
0.100
17.50
4.300
16.10
0.350 124.24
0.115
9.09
0.100
91.67
1.000 116.49
0.130 154.55
3.000
18.89
1.500
2.56
1.500
1.61
1.480
5.65
1.140
0.00
0.250
55.10

EXPIRY
DATE
20/04/2016
26/04/2017
14/08/2019
06/02/2019
23/12/2021
21/11/2017
11/12/2015
27/11/2015
29/01/2016
31/03/2016
28/04/2016
29/02/2016
28/07/2016
20/10/2023
19/10/2016
12/03/2024
15/11/2017
21/04/2020
29/01/2016
23/01/2019
19/08/2016
28/10/2015
26/02/2016
17/04/2018
11/06/2018
26/01/2020
03/06/2022
26/05/2023
25/01/2016
16/03/2018
21/02/2020
30/06/2016
19/02/2016
20/11/2015
29/06/2018
26/10/2015
19/02/2016
02/10/2015
29/02/2016
02/11/2015
31/05/2016
15/01/2016
14/06/2017
13/08/2021
09/07/2019
17/09/2018
09/05/2017
29/04/2016
28/07/2017
31/03/2016
04/07/2016
29/12/2017
11/03/2016
29/01/2016
14/09/2018
09/11/2017
29/01/2016
09/12/2015
15/01/2016
02/11/2015
30/06/2016
30/08/2016
16/05/2022
21/07/2023
15/01/2024
09/08/2017
02/05/2017
19/04/2016
28/08/2017
22/07/2020
20/03/2018
30/06/2016
20/01/2024
28/10/2015
30/11/2015
26/10/2015
28/02/2022
27/01/2020
27/11/2015
30/10/2015
30/06/2016
04/12/2020
08/06/2016
22/08/2019
29/04/2016
06/07/2019
16/11/2019
25/12/2024
19/02/2016
20/07/2018
13/12/2019
22/03/2017
12/08/2022
13/03/2018
24/09/2019
07/04/2016
29/05/2019
18/04/2023
29/02/2016
31/03/2016
30/08/2016
27/06/2017
01/08/2017
30/07/2018
30/11/2015
21/06/2020
03/03/2021
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25/01/2019

TU E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

Markets 3 7
GLOBAL ROUNDUP

Singapore

Hong Kong
15 most active counters

FT Straits Times

STOCK

Index points
3600
3300
3000

2,921.44

2700

2,774.06

-34.50
(-1.17%)

2400

Mar 1, 2010

Aug 31, 2015

VOL (MIL)

EZRA HOLDINGS
PACIFIC ANDES RES
CHINA FISHERY GROUP
NOBLE GROUP
GREAT GROUP HOLDINGS
NEW SILKROUTES GROUP
INTL HEALTHWAY
SINGAPORE TELECOMM
GENTING SINGAPORE
EMS ENERGY
GOLDEN AGRI-RESOURCES
GLOBAL LOGISTIC PROPER
STRATECH GROUP
EZION HOLDINGS
CAPITALAND

Singapore stocks ended weaker at the close Top gainers


yesterday.
STOCK
The Straits Times Index (STI) ended GREEN BUILD TECH
the day 1.17% lower at 2,921.44, after trad- CHINA FIBRETECH
FISHERY GROUP
ing between 2,921.44 and 2,987.18. Market CHINA
MERCURIUS CAPITAL INVEST
breadth was negative. Excluding warrants, TOP GLOBAL
decliners outnumbered gainers 270 to 178. OCEAN SKY INTL
A total of 1.31 billion shares worth S$1.36 MDR
HIAP TONG CORP
billion changed hands, giving an average of SMARTFLEX HOLDINGS
S$1.03 per share for the entire market.
GREAT GROUP HOLDINGS
In a report out yesterday, DBS lead ana- CHOSEN HOLDINGS
BENJAMIN HOLDINGS
lyst Janice Chua said she did not expect the FJ
NEW TOYO INTL
current bear market to develop into another ZIWO HOLDINGS
Asian Financial Crisis. But the research house FAR EAST GROUP
is trimming base case target prices of SGX Top losers
component stocks by 2% to 26%, after cutting STOCK
growth assumptions and valuation on risk off . SOON LIAN HOLDINGS
DBSs base case is for the STI to trade MATEX INTL
within the 2,750 to 3,050 range. But if a cri- LERENO BIO-CHEM
sis hits, DBS expects the STI to slide another LIFEBRANDZ
CPH
25% to 2,250.
NUTRYFARM INTL
The most actively traded counters yester- EQUATION SUMMIT
day included Ezra Holdings, Pacific Andes Re- LION ASIAPAC
ESSENCE GROUP
sources Development, China Fishery Group, CHINA
SINCAP GROUP
Noble Group and Great Group Holdings.
JB FOODS
Among the losers, AusGroup fell 3% to POLARIS
11.2 cents while Overseas Education dipped ICP
ALBEDO
0.7% to 66.5 cents.
INTRACO

China
Index points

3,205.99

CLOSE (S$)

0.300
1.050
0.079
0.009
0.005
0.098
0.006
0.077
0.220
0.021
0.198
0.110
0.240
0.040
0.130

CLOSE (S$)

0.057
0.020
0.002
0.003
0.005
0.350
0.005
0.335
0.011
0.045
0.260
0.015
0.008
0.008
0.260

6.56
13.04
33.90
4.81
16.67
UNCH
UNCH
-1.58
0.65
UNCH
1.61
UNCH
-4.84
2.13
-1.05

+/ (%)

46.34
36.36
33.90
28.57
25.00
22.50
20.00
18.46
18.28
16.67
16.47
15.79
14.29
14.29
14.04

+/ (%)

-62.50
-47.37
-33.33
-25.00
-16.67
-16.67
-16.67
-16.25
-15.38
-13.46
-13.33
-11.76
-11.11
-11.11
-10.34

+5.81
(+0.18%)

3850
2875
2445
3,087.842

Mar 1, 2010

China stocks fell sharply yesterday before


recovering much of their losses as regulators
cracked down on speculators which Beijing
blames for a 40% crash in the countrys stock
markets since June.
Both main indexes plunged more than
4% at one point, pulling down markets across
Asia, before paring losses in the afternoon.
The blue-chip CSI300 index managed
to claw back into positive territory in late
trade, ending up 0.7% at 3,366.54 points.
But the Shanghai Composite Index (SSEC)
fell 0.8% to 3,205.99.
Both indexes shed around 12% for the
month, their third straight monthly decline,
and have lost nearly 40% of their value since
mid-June despite repeated and unprecedented measures by the government to shore up
the market.
A pull back in the market was to be expected as some investors are taking profits
after the two-day rally, wrote Gerry Alfonso,
director of Shenwan Hongyuan Securities,
referring to a rebound last Thursday and Friday after ferocious selling earlier last week.
Investors seem to be waiting until the
manufacturing PMI figure is released later
this week before making significant decisions.
China will release its official reading on
August factory conditions today.

22350

21,670.58

19075
21,056.93

+58.19
(+0.27%)

15800

Mar 1, 2010

Aug 31, 2015

VOL (MIL)

CHINA PROPERTIES INVEST


NGAI SHUN
CHINA STRATEGIC
NORTH MINING SHARES
BANK OF CHINA
CCT LAND HOLDINGS
INDUSTRIAL & COMMERCIAL
CHINA CONSTRUCTION BANK
WINTO GROUP HOLDINGS
THEME INTL
JUN YANG SOLAR POWER
PING SHAN TEA GROUP
CONVOY FINANCIAL
GOME ELECTRICAL APP
AGRI BANK OF CHINA

Hong Kong stocks were almost flat yes- Top gainers


terday, capping a volatile month in which STOCK
major indexes registered their worst per- CONVOY FINANCIAL
formance in nearly four years amid global CROCODILE GARMENTS
ENERGY
market turmoil triggered by concerns over PETROASIAN
SRE GROUP
the Chinese economy.
CODE AGRICULTURE
The Hang Seng index rose 0.3%, to CHINA METAL RESOURCES
NEW CITY COMM
21,670.58, while the China Enterprises In- CHINA
CHINESE FOOD AND BEV
dex lost 0.1%, to 9,741.41 points.
SANDMARTIN INTL
For the month, the Hang Seng index lost STELUX HOLDINGS INTL
12%, its fourth straight month of decline and ABC MULTIACTIVE
CHINA PROPERTIES
the worst performance since September 2011. GREAT
ESSEX BIO-TECHNOLOGY
Materials and industrial sector stocks NEW WORLD CHINA LAND
fell sharply but energy and financial shares BEST PACIFIC INTL
ended the day higher.
Top losers
Chinese state media announced a slew STOCK
of confessions yesterday following investi- CHINA PROPERTIES INVEST
gations into recent stock market gyrations, NEWTREE GROUP
including from a detained reporter who ad- KONG SHUM UNION PROP
INTERNATIONAL INVEST
mitted to spreading false information that HNA
WINFOONG INTL
caused panic and disorder.
CHINA HONGQIAO
An official from Chinas securities regu- THEME INTL
lator had confessed to insider trading while CHINA NEW TOWN DEVELOP
FIELD GROUP
four senior executives from Chinas largest GRAND
LEOCH INTERNATIONAL TECH
brokerage, CITIC Securities whose shares FUFENG GROUP
slumped 5%, had also confessed to insider LANSEN PHARMACEUTICAL
dealing, the official Xinhua news agency KA SHUI INTERNATIONAL
JINCHUAN GROUP INTL
reported.
ZHEJIANG SHIBAO

CLOSE (HK$)

+/ (%)

0.243
0.036
0.217
0.108
3.540
0.019
4.580
5.450
0.043
0.365
0.172
0.051
0.500
1.230
3.130

-81.87
-12.20
UNCH
9.09
-0.28
UNCH
1.33
1.49
-12.24
-17.05
7.50
-7.27
35.14
-3.15
1.62

CLOSE (HK$)

0.500
1.110
0.167
0.335
0.275
1.940
5.600
0.370
0.370
1.030
0.340
0.245
4.820
4.700
3.710

CLOSE (HK$)

0.243
2.100
0.590
0.360
0.475
3.710
0.365
0.265
0.250
0.500
3.450
2.110
0.630
0.355
6.520

+/ (%)

35.14
26.14
22.79
13.56
13.17
12.79
12.45
12.12
12.12
11.96
11.48
11.36
11.32
11.11
10.52

+/ (%)

-81.87
-41.50
-36.56
-23.40
-23.39
-19.87
-17.05
-15.87
-15.25
-15.25
-15.02
-14.92
-14.86
-14.46
-14.32

Dow Jones

7200
6590

1,360
1,130
1,030
786.07
649.97
485.62
426.20
376.29
371.46
327.24
326.93
276.40
244.11
222.82
202.16

United States
Index points

Index points
18580
16310

5,405.94

5370

6,247.94
+55.92
(+0.90%)

14040

10,403.79

11770

16,643.01
-11.76
(-0.07%)

2,772.70

4760

1960

Aug 31, 2015

25625

5980

2930

1900

28900

FTSE 100
3,286.59

3415

STOCK

Index points

Index points
3900

15 most active counters

Hang Seng

United Kingdom

Euro STOXX 50 Index

-26.36
(-0.82%)

4825

0.130
0.026
0.079
0.545
0.021
0.001
0.310
3.740
0.770
0.020
0.315
2.220
0.059
0.720
2.820

+/ (%)

Europe

Shanghai Composite
5800

165.61
104.75
74.10
49.81
44.11
41.30
40.05
35.16
30.26
28.30
25.44
25.03
24.17
18.75
16.54

CLOSE (S$)

Mar 1, 2010

Aug 28, 2015

European stocks closed out a rollercoaster


week with modest gains last Friday, although
a leading regional equity index was still on
track for its worst month in four years due
to underlying concerns over China.
The pan-European FTSEurofirst 300 index closed up 0.3%, while the eurozones
blue-chip Euro STOXX 50 index rose 0.2%.
Germanys DAX edged down 0.2%, leaving
it 17% below a record high in April.
Fears of a global economic slowdown,
which intensified after China devalued its
currency last month, triggered big price
swings across equities, currencies and commodities this week.
It also led 450 billion being wiped off the
FTSEurofirst yesterday, leaving the FTSEurofirst down nearly 10% so far in August its
worst monthly performance in four years.
However, worries that a Chinese economic
slowdown may impact other countries have
also led to expectations that the United States
will not raise interest rates next month.
This caused equities to rebound later on
this week, since rock-bottom interest rates
have hit returns on bonds and cash, driving investors to the better returns available
from stocks. European shares also remain
supported by record low interest rates and
liquidity measures from the European Central Bank.

Mar 1, 2010

9500

Aug 28, 2015

Britains top share index posted its biggest


monthly drop in August since 2012 after
fears over Chinas growth hit global markets, although it managed to recoup more
losses last Friday following a volatile start
to the week.
The FTSE 100 was 55.91 points, or 0.9%,
higher on the day at 6,247.94 after a week
when it both dropped to multi-year lows
and staged its biggest one-day gain in years.
The index fell 6.7% this month, its worst
performance since May 2012, after Chinas
surprise devaluation of its currency spooked
markets. The declines have erased gains
made in the first quarter and left the index
in a loss for the year.
February was wrong, as its clearly been
proved the markets were way too optimistic
... August is wrong, its way too pessimistic,
said Michael Browne, fund manager at Martin Currie, adding that August was often a
weak month for equities.
We have taken advantage of the opportunities that the markets have presented to us
in a negative August ... in the expectation that
we are going to come back in September.
The FTSEs rally last Friday built on a
3.6% gain in the previous session, as strong
US data eased concerns about slowing Chinese growth. The index closed up 1% for the
week.

Mar 1, 2010

Aug 28, 2015

Wall Street ended a tumultuous week with


a flat close last Friday as investors shrugged
off concerns that a September rate rise was
more likely than some investors expected.
The Dow Jones industrial average ended down 0.07% at 16,643.01 while the S&P
500 edged up 0.06% to 1,988.87. The Nasdaq
Composite added 0.32% to end at 4,828.33,
driven by a 2.52% rise in Intel Corp.
Shares traded lower earlier in the session after Federal Reserve Vice Chairman
Stanley Fischer told CNBC the Fed had not
yet decided whether to raise interest rates
in September. However, the market largely
recovered in the final moments of trade.
After several volatile sessions that at one
point pushed the S&P 500 to its lowest level
since October 2014, the three major US indices ended the week with gains.
A lot of investors are rebalancing their
portfolios before going into the weekend,
said Randy Frederick, managing director of
trading and derivatives for Charles Schwab
in Austin.
Many on Wall Street have been hoping
the recent global market turbulence and
worries about Chinas economy would lead
the Fed to hold off raising rates. This expectation was reinforced last Wednesday by
comments from New York Fed President
William Dudley. Agencies

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

38 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Trading themes

Insider moves (Filings on Aug 27, 2015)


Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook.
COMPANY

SHARES ACQUIRED
(DISPOSED)

AEON CO. (M)


AIRASIA
ALLIANCE FINANCIAL GROUP
AMMB
AXIATA GROUP

872,600
(1,885,000)
526,000
2,503,800
1,013,900

AXIATA GROUP
BERJAYA AUTO
BIMB
BOUSTEAD
BRITISH AMERICAN TOBACCO (M)

6,899,000
771,400
216,900
10,550,800
(173,147)

BUMI ARMADA
BURSA MALAYSIA
CAHYA MATA SARAWAK
CAPITAMALLS MALAYSIA TRUST
CHINA AUTOMOBILE PARTS LTD UK

(381,900)
1,500,000
696,600
976,800
1,345,000

CIMB GROUP

(2,061,100)

CIMB GROUP
CLIQ ENERGY

1,000,000
2,930,100

COASTAL CONTRACTS
DIALOG GROUP
DIGI.COM
ECO WORLD DEVELOPMENT GROUP
FRASER & NEAVE
GAMUDA

500,000
4,000,000
5,000,000
1,866,100
238,700
8,096,200

GENTING PLANTATIONS

329,100

HONG LEONG BANK


IGB REAL ESTATE INVEST TRUST

290,900
293,500

IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON

6,548,900
1,576,300
2,461,900

INARI AMERTRON
IOI CORPORATION
IOI PROPERTIES GROUP
KPJ HEALTHCARE
KUALA LUMPUR KEPONG
KULIM (M)

1,000,000
2,452,900
2,159,400
1,000,000
435,000
(1,500,000)

MAH SING GROUP


MALAYAN BANKING
MALAYSIA AIRPORTS
MAXIS
MISC
OSK PROPERTY
PACIFIC & ORIENT
PARKSON
PAVILION REAL ESTATE INVEST TRUST
PETRONAS GAS

874,100
9,000,000
972,000
2,000,000
824,100
263,800
3,500,000
1,940,400
824,100
532,200

PETRONAS GAS
(359,600)
PJ DEVELOPMENT
(16,049,000)
POS MALAYSIA
500,000
PPB GROUP
244,500
PROGRESSIVE IMPACT CORPORATION
1,000,000
PUBLIC BANK
5,244,500
RCE CAPITAL
55,505,550
S P SETIA
775,000
SAPURAKENCANA PETROLEUM
474,200
SCANWOLF CORPORATION
200,000
SIME DARBY
4,000,000
SONA PETROLEUM
8,063,200
SUNWAY REAL ESTATE INVEST TRUST
SYARIKAT TAKAFUL MALAYSIA
TANAH MAKMUR

377,000
202,800
(738,000)

TELEKOM MALAYSIA
WAH SEONG CORPORATION
WCT
YTL CORPORATION
YTL POWER INTERNATIONAL

3,141,200
297,100
416,300
2,000,000
2,000,000

DIRECTOR/SUBSTANTIAL
SHAREHOLDER

EMPLOYEES PROVIDENT FUND BOARD


EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
LEMBAGA TABUNG ANGKATAN TENTERA
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
CREDIT SUISSE SECURITIES (EUROPE)
LTD, UK
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
EMPLOYEES PROVIDENT FUND BOARD
CREDIT SUISSE SECURITIES (EUROPE)
LTD, UK
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
WAQAF AN-NUR CORPORATION
EMPLOYEES PROVIDENT FUND BOARD
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
OSK
CHAN THYE SENG
AMSTEEL MILLS S/B
EMPLOYEES PROVIDENT FUND BOARD
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD
DEUTSCHE BANK AG, GERMANY
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
ZAIYADAL KELUARGA S/B
EMPLOYEES PROVIDENT FUND BOARD
CEMPAKA EMPAYAR S/B
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
DATO LOO BIN KEONG
EMPLOYEES PROVIDENT FUND BOARD
CREDIT SUISSE SECURITIES (EUROPE)
LTD, UK
SUNWAY REIT S/B
EMPLOYEES PROVIDENT FUND BOARD
DATO SRI TENGKU UZIR TENGKU
DATO UBAIDILLAH
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD

SHARES HELD
AFTER CHANGE

TRANSACTION
DATE

104,261,400
206,228,400
283,059,940
504,312,937
927,602,616

24/8
24/8
24/8
24/8
21/8

1,241,332,149
66,729,320
163,892,401
617,490,209
16,451,514

21 & 24/8
24/8
24/8
21/8
21/8

526,003,800
39,393,694
78,442,027
229,553,600
31,310,300

24/8
24/8
24/8
24/8
18 - 21/8

736,802,891

21/8

1,503,713,222
44,522,700

21/8
24/8

27,642,900
587,591,644
1,090,392,140
205,283,900
29,098,130
143,860,700

24/8
24/8
24/8
24/8
21/8
17 - 19/8

40,794,600

18 & 20/8

256,714,583
219,111,120

24/8
18/8

764,754,500
241,416,689
61,029,049

24/8
24/8
17 - 20/8

53,242,687
585,947,959
332,065,886
76,143,909
147,099,838
72,060,800

24/8
24/8
24/8
25/8
24/8
18 & 20/8

215,462,261
1,366,837,798
223,660,129
537,172,600
302,249,071
283,611,304
141,259,154
168,255,035
175,254,203
115,267,000

24/8
24/8
24/8
24/8
14,17 & 18/8
26/8
25/8
26/8
24/8
18 - 20/8

232,213,900
59,303,800
89,962,879
305,324,122
612,636,263
779,798,294
144,986,098
932,001,294
6,658,440
839,292,068
140,792,100

24/8
21/8
24/8
24/8
25/8
24/8
21/8
24/8
24/8
24 & 25/8
24/8
24/8

1,031,183,785
82,244,100
63,224,058

24 & 26/8
24/8
27/8

593,170,236
51,878,192
103,244,022
719,325,347
373,109,491

24/8
24/8
24/8
24/8
24/8

Contributions to UK GDP growth - Expenditure components

China reserves and bank FX ows

Stocks closest to year low

Stocks closest to year high


STOCK

FBMKLCI-C6
FBMKLCI-C7
LIIHEN
FBMKLCI-C9
FBMKLCI-C10
HSI-HL
FGV-C7

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

0.195
0.350
6.170
0.815
0.625
1.810
0.050

0.170
0.200
6.100
0.735
0.610
1.790
0.050

0.180
0.210
6.150
0.735
0.610
1.810
0.050

7531
39947.8
457.1
7412
102.1
50
10

While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the ocial lings led
with Bursa Malaysia.
Note: * denotes Ace Market

Local events to watch out for today


Tourism Malaysia & Malaysia Airports to promote the inaugural flight of All Nippon Airways (ANA)
to Kuala Lumpur at Gate C2, Satellite Building KLIA at 10.45am.

This table shows stocks that are trading near their year high. This
could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.

STOCK

FIBON
KBUNAI-WC
TONGHER
HUMEIND-CA
MAHSING
MAHSING-CY
PERMAJU
FBMKLCI-H2
CHINA50-HC
FAREAST
CHUAN-WB
FOCUSP
BJAUTO-CE
FBMKLCI-H3
YNHPROP
RALCO-WB
MNC
AMTEK
MENANG-WB
PTGTIN

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

0.365
0.015
1.910
0.045
1.430
0.025
0.150
0.835
0.420
7.300
0.035
0.250
0.045
1.010
1.780
0.075
0.215
0.230
0.180
0.220

0.355
0.010
1.700
0.045
1.360
0.015
0.145
0.780
0.420
7.200
0.025
0.240
0.045
0.995
1.570
0.070
0.210
0.230
0.170
0.195

0.365
0.015
1.710
0.045
1.390
0.015
0.150
0.835
0.420
7.200
0.035
0.240
0.045
1.010
1.780
0.070
0.210
0.230
0.170
0.220

52.1
766.7
669.1
15
7613.4
263
308.1
4509.8
4
25
106.5
323.8
30
50
1232.5
369
222.1
0.1
280
42.5

This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates


NZ

NZ $
EURO

EURO

0.572
1.748

US

SWISS

BRIT CANADA BRUNEI SPORE

UAE

INA

INDIA

JAPAN NORWAY

PHIL

QATAR

SAUDI SWEDEN

0.850

0.905

0.905

0.900

2.6930

4.090

49.896

4.270

2.356

9,010

42.589

77.794

5.336

30.008

2.336

2.406

5.436

22.991

4.972

1.486

1.582

1.582

1.572

4.7064

7.148

87.200

7.462

4.117

15,746

74.431

135.956

9.325

52.443

4.082

4.205

9.500

40.180

8.688
7.750

1.038

STERLING

2.401

1.374

1.540

1.484

CANADA $

1.176

0.673

0.755

0.727

0.490

BRUNEI $

1.105

0.632

0.709

0.683

0.460

0.939

SINGAPORE $

1.105

0.632

0.709

0.683

0.460

0.939

1.000

AUSTRALIA $

1.111

0.636

0.713

0.687

0.463

0.945

1.006

1.006

MALAYSIA RM

0.371

0.212

0.238

0.230

0.155

0.316

0.336

0.336

24.449

13.990

15.684

15.115

10.182

20.786

22.133

2.004

1.147

1.286

1.239

0.835

1.704

1.814

100 DANISH KRONER

23.419

13.400

15.023

14.478

9.753

19.910

100 UAE DIRHAM

42.448

24.289

27.230

26.242

17.678

1000 INA RUPIAH

0.111

0.064

0.071

0.069

0.046

100 INDIA RUPEE

2.348

1.344

1.506

1.452

0.978

0.964

0.649

1.325

1.411

1.411

1.403

4.1980

6.376

77.780

6.656

3.672

14,045

66.390

121.270

8.318

46.778

3.641

3.751

8.474

35.840

0.674

1.375

1.464

1.464

1.455

4.3561

6.616

80.709

6.907

3.811

14,574

68.891

125.837

8.631

48.540

3.778

3.892

8.793

37.190

8.042

2.041

2.174

2.174

2.160

6.4662

9.821

119.805

10.253

5.657

21,633

102.262

186.793

12.812

72.052

5.609

5.777

13.052

55.204

11.937

1.065

1.065

1.058

3.1676

4.811

58.689

5.023

2.771

10,598

50.095

91.504

6.276

35.296

2.748

2.830

6.394

27.043

5.848

1.000

0.994

2.9748

4.518

55.117

4.717

2.602

9,952

47.046

85.935

5.894

33.148

2.580

2.658

6.005

25.397

5.492

0.994

2.9748

4.518

55.117

4.717

2.602

9,952

47.046

85.935

5.894

33.148

2.580

2.658

6.005

25.397

5.492

2.9932

4.546

55.458

4.746

2.618

10,014

47.337

86.466

5.931

33.353

2.596

2.674

6.042

25.554

5.526

0.334

1.0000

1.519

18.528

1.586

0.875

3,346

15.815

28.888

1.981

11.143

0.867

0.893

2.019

8.537

1.846

22.133

21.997

65.8410

1,220

104.397

57.598

1,902

130.456

733.662

57.110

58.826

132.905

562.109

121.549

1.814

1.803

5.3973

8.197

8.558

4.722

18,057

85.357

155.914

10.694

60.141

4.682

4.822

10.895

46.078

9.964

21.201

21.201

21.070

63.0680

95.79

55.172

211,000

997.41

1,822

124.96

702.76

54.70

56.35

127.31

538.44

116.43

36.088

38.427

38.427

38.191 114.3122

173.62

2,118

181.25

1,808

3,302

226.50

1,274

99.15

102.13

230.75

975.93

211.03

0.094

0.100

0.100

0.100

0.2989

0.454

5.538

0.474

0.261

4.727

8.634

0.592

3.331

0.259

0.267

0.603

2.552

0.552

1.996

2.126

2.126

2.113

6.3232

9.604

117.156

10.026

5.532

182.662

12.529

70.459

5.485

5.649

12.764

53.984

11.673

1,169

220,278 1,041.261

382,443
21,155

1.285

0.736

0.825

0.795

0.535

1.093

1.164

1.164

1.157

3.4617

5.258

64.138

5.489

3.028

11,581

54.746

18.741

10.724

12.022

11.586

7.805

15.933

16.966

16.966

16.862

50.4700

76.654

935

80.025

44.151

168,852

798.172

1,458

6.859

2.998

38.573

3.003

3.093

6.988

29.554

6.391

562.384

43.777

45.092

101.877

430.881

93.172

3.332

1.907

2.138

2.060

1.388

2.833

3.017

3.017

8.9743

13.630

166.275

14.230

7.851

30,024

141.927

259.245

17.781

100 QATAR RIYAL

42.810

24.496

27.463

26.466

17.829

36.396

38.755

38.755

38.517 115.2885

175.101

2,136

182.800

100.854

385,709

1,823

3,330

228.430

100 SAUDI RIYAL

41.562

23.782

26.662

25.694

17.309

35.335

37.625

37.625

37.393 111.9258

169.994

2,074

177.468

97.912

374,459

1,770

3,233

221.767

1,247

97.083

100 SWEDISH KRONOR

18.396

10.526

11.801

11.373

7.661

15.640

16.653

16.653

16.551

49.5400

75.242

917.872

78.550

43.337

165,741

783.464

1,431

98.157

552.021

42.970

44.261

4.349

2.489

2.790

2.689

1.811

3.698

3.937

3.937

3.913

11.7132

17.790

217.021

18.572

10.247

39,188

185.242

338.366

23.208

130.519

10.160

10.465

23.644

20.115

11.510

12.903

12.435

8.377

17.101

18.209

18.209

18.097

54.1684

82.272 1,003.627

85.889

47.386

181,226

856.662

1,565

107.328

603.595

46.985

48.397

109.343

100 HK$

HK

0.728

0.892

100 THAI BAHT

THAI

0.416

0.926

100 PHILIPPINE PESO

DENMK

1.080

1.559

100 NORWEGIAN KRONER

BANGLH

0.618

1.618

100 JAPAN YEN

CHINA

1.121

US $

100 CHINESE RMB

MSIA

0.641

SWISS FR

100 BANGLADH TAKA

AUST

7.784
1,285

8.018

18.115

76.617

16.567

103.004

232.718

984.261

212.833

955.553

206.625

422.942

91.455

225.930

21.624
462.456

Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

TU E SDAY S E P T E MB E R 1, 2015 D IG ITA LED G E DA ILY

Markets 3 9
FUTURES . MONEY MARKET . COMMODITIES

Money market

Index futures
Index points
1980

US Dollar

Long Rolls - KLCI futures

FKLI
Open Interest

1,612.00 90000
(+6.50)

Klibor

USD Index

Index points

-33.00

18.00

102.00

(-15.50)

Implied interest rate (%)


95.989

4.5

3.81

(-0.117)

1790

68000

4.75

94.25

1600

46000

-8.50

86.50

1410

24000

-21.75

78.75

(Unch)
3.5

2000

1220
Jan 4, 2010

Aug 28, 2015

2.5

71.00

-35.00
Jan 4, 2010

KLCI futures close lower


ahead of long weekend

Aug 28, 2015

FBM KLCI futures


INDEX AND FUTURES
CONTRACT

SETTLEMENT

CHANGE

VOLUME

OPEN CHANGE IN
INTEREST OPEN INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,612.74 11.04 195.8M
1,612.50
6.50
7,175 28,419
-6,950
Malaysia Derivatives closed mostly lower AUG-15
1,578.00 -10.50
15,009 57,920
2,474
last Friday on selling activities ahead of the SEP-15
DEC-15
1,537.00 -13.50
127
357
17
weekend, dealers said.
MAR-15
1,516.50 -12.50
14
44
1
August 2015 added 6.5 points to 1,612.5. TOTAL
22,325 86,740
-4,458
September 2015 lost 10.5 points to 1,578,
BID
OFFER
CLOSE
December 2015 fell 13.5 points to 1,537 and FUTURES ROLL OVER
AUG/SEP

-33.0
March 2016 erased 10 points to 1,516.
Turnover decreased to 22,325 lots from FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
33,746 lots last Thursday while open interest CONTRACT
1
0.00
0.00
-2.46
declined to 86,740 contracts from 101,399 AUG-15
SEP-15
34
4.92
9.23
-2.76
contracts last Friday. The benchmark FBM ROLLS FAIR
-0.30
KLCI ended 11.04 points higher at 1,612.74.
Southeast Asian stock markets rose last
Friday as upbeat US economic growth data
lifted sentiment in Asia, with foreign-led
buying sending Malaysias key stock index
The Kuala Lumpur composite index rose
to a more than two-week closing high ahead 0.7% to its highest closing level since Aug 13.
of a three-day weekend.
Agencies

Commodities

CPO vs Soyoil
Open Interest

4200

200000

3450

1950

1,994

Jan 6, 2008

1.5
Oct 1, 2000

US dollar drops against yen


and euro

Klibor

The US dollar lost ground against the safe-haven yen and the low-yielding euro yesterday
as global stock markets began the week in
the red, prompting investors to trim bets
against currencies popularly used to fund
risky carry trades.
Under carry trades, investors sell a
low-yielding currency to buy a riskier, higher-yielding ones for better returns. When
volatility rises in global financial markets
and stocks fall, they tend to take these positions off the table.
European shares fell, with Germanys DAX
and Frances CAC on track for their worst
month in four years. Chinese stock markets
also fell while Japans Nikkei dropped.1 3%.
The US dollar index, which tracks the greenback against a basket of six major currencies,
was at 95.968, down 0.2% on the day. Reuters

OCT5
NOV5
DEC5
MAR6
JUN6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
JAN-00
TOTAL

Aug 28, 2015

MONTH

(+69)

Crude Oil

Gold

CPO RM/ton

Soyoil US$/Ibs

US$/bbl

US$/troy oz

6400

2,557 0.7300

155.0

(RM0.2767/ton)

SETTLEMENT
PRICE

CHANGE

96.22
96.22
96.19
96.16
96.13
96.11
96.08
96.08
96.03
95.99
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94
95.94

VOLUME

OPEN
INTEREST

500
120

620

1980

44.24
(-0.98)

5100

0.5475

122.5

105000

3800

0.3650

90.0

1340

57500

2500

0.1825

57.5

1020

0.0000

25.0

700

152500

2700

1200

Aug 31, 2015

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 RM/ton

Oct 2, 2006

Aug 28, 2015

Palm oil ends eight


consecutive weekly losses

(+69)

1200

Jan 6, 2008

Aug 28, 2015

CPO futures
CONTRACT

SEP-15
OCT-15
NOV-15
DEC-15
JAN-16

LAST

1,928
1,952
1,991
2,032
2,078

CHANGE

60
62
66
66
64

VOLUME

19
4,166
24,695
9,882
6,067

OPEN CHANGE IN
INTEREST OPEN INTEREST

2,695
24,923
85,724
36,862
38,052

1,132.70

(-0.80)

1,994
10000

1660

-468
-1,634
1,812
-178
-2,512

Malaysian palm oil futures ended higher


last Friday, posting their first weekly gain
after eight consecutive weekly declines, on
CPO/SOYOIL
the back of other commodity markets and CPO FUTURES
INDICATIVE ROLL-OVER FUTURES BASIS (USD)
a weaker ringgit.
CURRENT
-57.12
SEP/OCT
-24
The benchmark palm oil contract for No- SEP/NOV
3 MONTHS AVERAGE
-69.45
-63
vember on the Bursa Malaysia Derivatives SEP/DEC
6 MONTHS AVERAGE
-67.91
-104
market rose 3.4% to RM1,994 a tonne, its OCT/NOV
-39
biggest increase since June 1. That followed SGS & ITS EXPORT ESTIMATES (TONNES)
SHIPMENT DAYS
JUN2015
JULY2015
AUG2015
a 3% gain in the previous session.
473/469
309/320
486/499
Traded volume stood at 55,024 lots of 25 1 - 10TH DAYS
783/780
665/666
730/716
tonnes each, well above the roughly 35,000 1- 15TH DAYS
1 - 20TH DAYS
1,082/1,074
908/908
991/992
tonnes average daily trading volume.
1 - 25TH DAYS
1,393/1,400
1,179/1,149 1,285/1,276
The market is going for further retrace- FULL MONTH
1,696/1,649
1,540/1,544
/
ment after an oversold palm, said trader. MALAYSIAN PALM OIL BOARD
JAN15
FEB15
MAC15
APR15
In the external market, soy oil, crude oil
1,161
1,122
1,495
1,693
and palm oil in Dalian are up sharply, our PRODUCTION
EXPORT
1,184
972
1,182
1,175
market is following.
STOCKS
1,770
1,743
1,866
2,194
The palm benchmark hit its lowest since
MPOB Palm oil physical
March 2009 last Tuesday, but later recov(IN RM/TON)
AUG2015
SEP2015
OCT2015
ered to post a 0.3% gain for the week.
DELD
1,834
1,850
1,870
Wang Tao, a Reuters market analyst of CPO
PK EX-MILL
1,205
1,215
1,230
commodities and energy technicals, said CPKO DELD
2,645
2,497
2,811
palm oil may rise to RM2,024 per tonne, RBD P.OIL FOB
2,108
2,114
2,120
following the completion of a five-wave RBD P.OLEIN FOB
2,159
2,161
2,165
RBD P.STEARIN FOB
1,707
1,718
1,725
cycle.
The cycle started at the July 3 high of MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
RM2,285. A Fibonacci retracement anal- REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
ysis reveals palm oil has climbed above a NORTH
20.00% 366
19.00% 348
18.00% 331
resistance at RM1,963, the 23.6% level.
SOUTH
20.00% 378
19.00% 360
18.00% 342
20.00% 377
19.00% 359
18.00% 341
A weaker Malaysian ringgit also helped CENTRAL
the commodity as it makes palm cheaper EAST COAST 20.00% 369 19.00% 352 18.00% 334
SABAH
22.00% 356
21.00% 340
20.00% 324
for offshore buyers. Reuters
SARAWAK
22.00% 362
21.00% 346
20.00% 329

Apr 10, 2007

Aug 31, 2015

Oil price falls back below


US$49 due to supply glut
Oil fell below US$49 a barrel yesterday after its biggest two-day rally in six years last
week, pressured by a supply glut and renewed concern about a hard landing for
Chinas economy.
International benchmark Brent crude
climbed 10% last week but was still heading
for its fourth straight monthly decline and
has risen in only two of the past 14 months.
Brent was down US$1.28 at US$48.77 a
barrel and US crude, which had rallied 12%
last week, dropped US$1.00 to US$44.22.
Volatility was high last week, so now
were seeing some retracement - US$50 is
proving to be a resistance level, said analyst
referring to Brent. It is still a market which
is very well supplied.
Volume is expected to be lower than
normal yesterday because of a British public
holiday. Reuters

Centrifuged Latex

Aug 31, 2008

Commodities
AGRICULTURE

UNIT

EXCHANGE

RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS

MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC

1,994
533.50
364
889.25
479.25
144.125
3,100
124.5
11.75
62.84

66
5.50
0.75
-4.00
2.25
0.15
-12
0.45
-0.21
-0.16

US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON

KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF

14,050
2.32
1,132.70
1,005.10
587.15
14.47
11,890
14,655

175
-0.03
-0.80
-16.60
-3.00
-0.07
-30
80

LIGHT CRUDE OIL


US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON

NYMEX
NYMEX
NYMEX
ICE
ICE

CRUDE PALM OIL


RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON

METAL & PRECIOUS METALS


TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC

ENERGY
44.24
-0.98
1.5510 -0.0401
2.734 -0.058
48.72
-1.33
467.75
-9.75

Sen/Kg

1100

1700

900

1325

415.50

950

(+1.00)

500

533.50
(+5.50)

575

300
Jan 7, 2007

LAST PRICE CHANGE

Rubber - Msia SMR 20

Sen/Kg

700

Aug 31, 2015

200

Aug 28, 2015

Jan 7, 2007

Aug 28, 2015

T U ESDAY SEP TEM B ER 1 , 2 0 1 5 DI GI TA L EDGE DAI LY

Markets

40

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 9

YOUR DAILY FINANCIAL MARKET S ROUNDUP

I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8
G L O BA L M A R K E T S PA G E 3 7
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 3 3

RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]

KLCI 1,612.74

FBM ACE 4,947.08

11.04

89.26 FTSTI

2,921.44

34.50 NIKKEI 18,890.48

245.84 HANG SENG 21,670.58

A wise man will make more opportunities than he nds.


Francis Bacon

STOCK

Index point

1620.0
1615.8
1611.6
1607.4
1603.2
1599.0
1594.8
1590.6
1586.4
1582.2
1578.0

1,612.74

(+11.40)

KL Composite Index

1,578.00

KLCI futures

8:45 9:30

10:30

11:30

12:45

14:30

(-10.50)

15:30

16:30 17:15

Daily FBM KLCI


Moving average - 20-day

KL Composite Index
1950.0

IDMENSN-WA
THHEAVY
ASIABIO
OPENSYS
MAYBANKC12
IOIPG
MINHO
FBMKLCI-HS
TMCLIFE
KBUNAI
DGB-WA
FLONIC
BJTOTO
SANICHI-WC
SEM
PENSONI-WB

VOLUME
('000)

CHANGE
(%)

CHANGE
(RM)

CLOSE
(RM)

HIGH
(RM)

LOW
(RM)

21,324
10,029
8,201
7,775
7,466
6,440
5,697
5,690
5,471
5,301
4,620
4,440
4,206
3,637
3,431
2,671

14.29
6.90
-8.33
0.00
0.00
-5.18
-18.57
4.85
4.00
11.11
0.00
0.00
-1.99
0.00
0.00
-12.50

0.005
0.010
-0.005
0.000
0.000
-0.100
-0.260
0.040
0.020
0.005
0.000
0.000
-0.060
0.000
0.000
-0.020

0.040
0.155
0.055
0.340
0.030
1.830
1.140
0.865
0.520
0.050
0.025
0.045
2.950
0.025
1.470
0.140

0.045
0.170
0.055
0.360
0.035
1.950
1.420
0.865
0.520
0.055
0.025
0.045
3.040
0.025
1.470
0.155

0.035
0.150
0.050
0.340
0.030
1.830
1.140
0.770
0.495
0.050
0.020
0.040
2.950
0.025
1.400
0.140

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
traded for a particular counter on the previous trading day is more than triple the average volume for the
last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters.

1,612.74
(+11.04)

1667.5

1,623.39

KLCI up on local fund buying,


stronger US 2Q GDP

1385.0

1102.5

820.0
Jan 2, 2008

Aug 28, 2015

900

600

300

Volume (mil)

FBM KLCI futures


CONTRACT

SETTLEMENT

CHANGE

HIGH

LOW

AUG-15
SEP-15
DEC-15

1,612.50
1,578.00
1,537.00

6.50
-10.50
-13.50

1,625.00
1,609.50
1,570.00

1,608.00
1,577.50
1,537.00

KLCI
POINTS

CHANGE
(RM)

CLOSE
(RM)

VOLUME
('000)

1.79
1.74
1.37
1.22
1.12
1.02
0.84
0.72
0.71
0.50
0.47
0.28
0.18
-0.19
-0.37
-0.64
10.75
0.29
11.04

0.110
0.120
0.100
0.360
0.110
0.160
0.060
0.140
0.070
0.280
0.080
0.580
0.040
-0.020
-0.020
-0.050

8.760
5.000
6.070
21.320
1.720
6.850
5.850
4.700
3.960
13.960
4.200
62.180
6.480
11.180
1.560
6.570

16049.3
14524.0
6109.0
1418.8
37683.5
6651.6
8547.5
12367.4
7379.9
416.0
4201.1
216.3
1294.8
8866.3
10421.3
4689.9

FBM KLCI sensitivity*


MAYBANK
CIMB GROUP
PETRONAS CHEMICAL
PETRONAS GAS
SAPURA-KENCANA
GENTING
IHH HEALTHCARE
AMMB HOLDINGS
GENTING MALAYSIA
HONG LEONG FINANCE
WESTPORTS HOLDINGS
BRITISH AME TOBACCO
RHB CAPITAL
TENAGA NASIONAL
YTL CORPORATION
MAXIS
SUB-TOTAL
OTHERS
GRAND TOTAL

* How stock price changes affected the index on the previous trading day

DOW JONES

16,643.01

11.76

Market movers
Daily top 20 active stocks

UNUSUAL MARKET ACTIVITIES

FBM KLCI & KLCI futures intraday

58.19

AIRASIA
FBMKLCI-HK
SUMATEC
FRONTKN
APFT
FBMKLCI-C7
SKPETRO
KNM
CHINA50-C7
PERISAI
FBMKLCI-HG
FBMKLCI-HV
FBMKLCI-C8
VSOLAR
FBMKLCI-H1
IDMENSN-WA
XDL
TIGER
ARMADA
CHINA50-C9

TURNOVER
(000)

CHANGE
(RM)

CHANGE
(%)

PRICE
(RM)

PE
RATIO

DIVIDEND
YIELD (%)

129,658.5
77,164.5
46,331.9
42,451.7
40,643.8
39,947.8
37,683.5
33,891.2
31,645.2
31,015.4
30,288.8
29,771.2
27,198.0
25,505.0
22,309.8
21,323.7
20,254.2
19,442.8
19,019.6
19,015.8

-0.015
0.025
0.010
-0.005
-0.005
-0.055
0.110
UNCH
-0.045
UNCH
0.020
0.010
-0.005
0.005
0.010
0.005
-0.005
UNCH
-0.005
-0.040

-1.69
6.02
8.00
-3.13
-2.22
-20.75
6.83
UNCH
-19.15
UNCH
5.13
2.35
-7.69
5.26
2.13
14.29
-2.94
UNCH
-0.58
-15.38

0.870
0.440
0.135
0.155
0.220
0.210
1.720
0.480
0.190
0.290
0.410
0.435
0.060
0.100
0.480
0.040
0.165
0.090
0.855
0.220

6.58
7.69

8.14
13.41

11.84

8.25

21.94

3.39
0.00
0.00
0.00
0.00
0.00
1.25
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.90
0.00

Top gainers and losers (ranked by RM)


UP
CLOSE

CHANGE
(RM)

DIN042300721
BAT
BURSA
GENP
PETGAS
HUATLAI
HLFG
LITRAK
HSI-HL
HARTA
ASIABRN
IPMUDA

99.950
62.180
8.240
9.870
21.320
3.310
13.960
4.870
1.810
8.220
1.640
1.190

1.150
0.580
0.540
0.480
0.360
0.310
0.280
0.270
0.260
0.220
0.200
0.190

EAH-WB
MAYBANKC13
GCB-WA
ARMADA-C4
SKPETROC12
HUBLINE
NICE-WA
KULIM-CR
FB-C9
PALETTE-WA-

0.030
0.030
0.015
0.015
0.015
0.015
0.045
0.095
0.195
0.020

50.00
50.00
50.00
50.00
50.00
50.00
50.00
46.15
34.48
33.33

DOWN
CLOSE

CHANGE
(RM)

KOSSAN
FAREAST
FBMKLCI-HH
TONGHER
FBMKLCI-HL
MINHO
LAFMSIA
CHINA50-H7
LTKM
CHINA50-H9
SUBUR
FBMKLCI-H3

6.890
7.200
1.110
1.710
0.880
1.140
9.300
1.040
1.390
0.900
1.570
1.010

-0.310
-0.300
-0.290
-0.290
-0.260
-0.260
-0.200
-0.190
-0.180
-0.160
-0.130
-0.120

MAHSING-CY
PERDANA-CG
FBMKLCI-CS
PERDANA-CF
TIMECOM-CK
FBMKLCI-CT
SUPERMX-C1
FBMKLCI-C4
HSI-CT
XINGHE-WA

0.015
0.065
0.025
0.025
0.180
0.075
0.060
0.120
0.080
0.015

-40.00
-38.10
-37.50
-37.50
-35.71
-31.82
-29.41
-27.27
-27.27
-25.00

KUALA LUMPUR: The FBM KLCI gained 11.04 points or


0.7% on local government fund buying as Asian shares rose.
Global shares advanced following a positive showing
from US markets after the worlds largest economy said second quarter gross domestic product growth was stronger
than estimated earlier.
Malaysias KLCI closed at 1,612.74 points. Across the region, Japans Nikkei 225 ended the day 3.03% higher, South
Koreas Kospi was up 1.56% while Chinas Shanghai Com- Top gainers and losers (ranked by percentage)
posite Index rose 4.9%.
UP
CHANGE
DOWN
CHANGE
In Malaysia, Etiqa Insurance & Takaful head of research
CLOSE
(%)
CLOSE
(%)
Chris Eng said a positive showing from the US markets was
CRESBLD-WB
0.015
200.00
MALAKOF-CI
0.005
-50.00
reflected in Asian markets, which were mostly up last Friday.
0.010 100.00
AIRPORT-CO
0.015 -40.00
The KLCIs performance last Friday was no exception, MASTEEL-WA
EAH-WB
0.030
50.00
MAHSING-CY
0.015 -40.00
and the index was also supported by a local government MAYBANKC13
0.030
50.00
PERDANA-CG
0.065 -38.10
funds year-end closing buying activity, Eng told theedge- GCB-WA
0.015
50.00
FBMKLCI-CS
0.025 -37.50
markets.com. In currency markets, the ringgit strengthened ARMADA-C4
0.015
50.00
PERDANA-CF
0.025 -37.50
SKPETROC12
0.015
50.00
TIMECOM-CK
0.180 -35.71
to 4.1990 against the US dollar as crude oil prices rose.
0.015
50.00
FBMKLCI-CT
0.075 -31.82
The ringgits strength correlates with prices of crude oil, HUBLINE
0.045
50.00
SUPERMX-C1
0.060 -29.41
which forms a crucial portion of the Malaysian economy NICE-WA
KULIM-CR
0.095
46.15
FBMKLCI-C4
0.120 -27.27
and government revenue. Bursa Malaysia saw 2.12 billion FB-C9
0.195
34.48
HSI-CT
0.080 -27.27
shares valued at RM2.32 billion traded. There were 463 gain- PALETTE-WA0.020
33.33
XINGHE-WA
0.015 -25.00
ing counters and 381 declining entities.
Top gainers included British American Tobacco (M) Bhd Top gainers and losers - warrants (ranked by percentage)
and Bursa Malaysia Bhd. Major decliners included Kossan
UP
CHANGE
DOWN
CHANGE
Rubber Industries Bhd and Far East Holdings Bhd. by
CLOSE
(%)
CLOSE
(%)
Supriya Surendran
CRESBLD-WB
0.015 200.00
MALAKOF-CI
0.005 -50.00
MASTEEL-WA
0.010 100.00
AIRPORT-CO
0.015 -40.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA

CLOSE

CHANGE

16,643.01
1,988.87
4,329.12
6,247.94
5,206.98
3,205.99
21,670.58
26,283.09

-11.76
1.21
4.30
55.92
-56.58
-26.36
58.19
-109.29

INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM

CLOSE

CHANGE

4,509.61
18,890.48
1,941.49
7,098.01
2,921.44
8,174.92
1,382.41
564.75

63.41
-245.84
3.82
76.72
-34.50
155.74
16.47
-6.12

We thank you for your support

#isupporttheedge
#attheedge

property

Sustainable
LIVING
As urbanisation gathers speed across the globe,
the challenges of sustainable development will
be concentrated in the cities.

DIGITALEDGE
DAILY

SPECIAL FOCUS

SEPTEMBER 1
2015

I N CO L L ABO R AT I O N WI T H

special focus

S2

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

CONTENTS
4-5

The making of Transition Towns

When transition comes home

EDITORIAL
SENIOR MANAGING EDITOR
AZAM ARIS
MANAGING EDITOR
ANNA TAING
EDITOR
JENNIFER JACOBS
CONTRIBUTORS
SREEREMA BANOO,
ANITA KANDHAVEL,
LAM JIAN WYN, HANNAH RAFEE
EXECUTIVE EDITOR
(PRODUCTION)
OOI INN LEONG
CHIEF COPY EDITORS
PUSHPAM SINNAKAUNDAN,
MAH PIN PIN
SENIOR COPY EDITORS
KENNETH FRANCIS MARTINUS,
WONG SOON FAH, MARICA VAN
WYNEN
COPY EDITOR
LEE MEI GEOK
ART DIRECTOR
SHARON KHOH
DESIGN TEAM
LEE WAN YEE, WENNIE HENG,
NURUL AIDA MOHD NOOR

Guerilla gardening comes to KL

Championing urban revitalisation

10-16

THE SUSTAINABILITY CONVERSATION


BY SIME DARBY PROPERTY

ADVERTISING & MARKETING


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(017) 629 0297
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(012) 232 8035
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(017) 281 4787
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(016) 330 1571
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(016) 335 5611
HEAD OF MARKETING SUPPORT
& AD TRAFFIC
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Building integrated sustainable


urban communities for the future
18-19 Eye on Negeri Sembilan
20-21 From spaces to places
22

A sustainable employer

23

Incorporating sustainability
in township design

24

Putting customers first

25

Advocating low-carbon cities

26-27 Rural electrification


28-29 Investing in humanity through
sustainable design
30-32 Revitalising old factories
and warehouses
33

Aquaponics: The modern solution


to residential farming

TOWARDS A SUSTAINABLE URBAN FUTURE

here is no time to waste. Mother Earth may not have the ability
to withstand the onslaught of climate change and the impact
of global warming if action is not taken soon.
Citigroups latest report, titled Why a low carbon future
doesnt have to cost the earth, warns that while fossil fuels
may not be running out anytime soon, our ability to burn these
fuels without limits may be. That is because the atmospheric concentration of carbon dioxide and its equivalents is rapidly approaching the
carbon budget. This means that beyond this level, global warming
will cause the temperature to rise another 2C.
The damage to global gross domestic product (GDP) can be signicant, the report says. For every 1.5C rise in global warming, global GDP
could be reduced by US$20 trillion (RM81.9 trillion). Hence, the need for
governmental and private sector action, such as investments in renewable energy sources for sustainable development, is even more urgent.
Increasingly, the focus has been on sustainable urban development.
Here is why. Just consider the latest statistics. According to a report
by the United Nations Department of Economics and Social Affairs,
54% of the worlds population lived in urban areas in 2014. In 1930,
it was just 30%. By 2050, some 70% of the worlds population will be
found in cities.
Even more telling is the fact that the worlds urban population grew
from just 746 million in 1950 to 3.9 billion in 2014. By 2050, this number is projected to balloon to 6.2 billion!
Thus, as urbanisation gathers speed across the globe, the challenges of sustainable development and living will be concentrated in
the cities. Urbanisation is not a bad thing as it is a source of growth,
development and job creation. In 2014, 70% of the worlds GDP was
generated in urban areas. Hence, to extract the benets, urbanisation must be managed well.

While progress to ensure sustainable development is uneven in


different parts of the world, the consensus view is that more can and
should be done by both the public and private sectors to ensure that
future generations can continue to enjoy what Mother Earth has to offer.
On a positive note, some local property developers, such as Sime
Darby Property Bhd, are cognisant of the importance of urban sustainability when planning their projects.
This pullout, with the overarching theme of Towards A Sustainable
Urban Future, is a collaboration between digitaledge Weekly and Sime
Darby Property. In the following pages, you will nd articles covering a
broad range of issues, from the use of renewable energy to place-making, which refers to creating places in urban areas to improve quality
of life, interaction in the community and pave the way for a more sustainable future.
We also bring to our readers a panel discussion on what needs to be
done to take sustainable development to the next level. The panellists
were Sime Darby Property acting managing director Datuk Jauhari Hamid, Malaysian Institute of Architects president Mohd Zulhemlee An,
Malaysian Institute of Planners president Md Nazri Mohd Noordin, Malaysia Green Building Confederation honorary secretary Ahmad Izdihar
Supaat, University of Malaya Research Cluster Sustainability dean Prof
Nik Meriam Nik Sulaiman, Eastern Regional Organisation for Planning
and Human Settlements (Earoph) secretary-general Norliza Hashim,
Royal Institute of Surveyors Malaysia councillor Associate Prof Mohammad Fadhil Mohammad and Institution of Engineers Malaysia
president Datuk Lim Chow Hock. The conversation was moderated by
the Business Council for Sustainable Development (Singapore) executive director Constant Van Aerschot.
We wish you a good read. By Anna Taing

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

S3

special focus

special focus

S4

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

The making of Transition Towns

Eventually, the world is going to run out of fossil fuels. Could Transition Towns be the answer?

TRANSITIONTOWNTOTNES.ORG

ALL STORIES BY JENNIFER JACOBS

Hopkins: It is called the Transition


Movement because it is about
transitioning out of your present
lifestyle to help the local
economy and protecting the
environment along the way
N
TRA

SITI

ONS

TA.O

RG

he Transition Towns movement, which has taken root in Europe


and the US and is slowly making its way to the rest of the world,
came about because of the twin threats of climate change and
peak oil (that is, fossil fuel production reaching its peak and
then dwindling to nothing).
The concept emerged from the work permaculture designer
Rob Hopkins had done with the students of Kinsale Further Education
College in writing an Energy Descent Action Plan. It looked at acrossthe-board creative adaptations in the realms of energy production, health,
education, economy and agriculture as a road map to a sustainable
future for the town.
One of Hopkins students, Louise Rooney, set
about developing the Transition Towns concept and presented it to the Kinsale Town
Council, resulting in the historic decision
by the councillors to adopt the plan and
work towards energy independence.
As Richard Heinberg, author of Peak
Everything, points out in the movie Transition 1.0, It is not that we are about to
run out of oil and gas, but every oil well,
every gas well, reaches a maximum rate
of production and then begins to decline;
whole countries max out and decline.
Fossil fuels have been an enormous economic boom, but they have created all sorts
of problems, including climate change, dependence on foreign sources, oil wars, pollution of waters from fertiliser run-offs and petrochemicals,
acid rain killing forests if we can reduce our
consumption of fossil fuels and phase them
out, we can solve all of those problems at
the same time.

The alternative would be to continue with business as usual and react


when oil resources start to dwindle palpably. At that point, oil prices would
have started to surge and there will be shortages of all kinds, economic
depressions and resource wars.
The whole idea of Transition Towns is about transitioning out of a high
fossil fuel dependence into a more sustainable way of living and creating resilient local economies that are no longer dependent on imported
food and necessities to survive. In addition, these communities will be
less susceptible to external shocks, such as currency depreciation and
the volatility of oil prices.
It is called the Transition Movement because it is about transitioning
out of your present lifestyle to help the local economy and protecting the
environment along the way, says Hopkins.
To begin with, one could implement low-cost or even no-cost solutions such as switching to energy-efcient lightbulbs, composting food
waste, eliminating plastic, using reusable grocery bags and taking the
bus whenever possible.
We dont look for anyone to blame or anyone to save us, but believe our
communities have within themselves the innovation and ingenuity to create positive solutions to the converging crises of our time, says Hopkins.
By building local resilience, he adds, people will be able to collectively
respond to whatever the future may bring in a calm and creative way. And
by remembering how to live within our local means, we can rediscover
the spirit of community and a feeling of power, belonging and sharing in
a world that is vibrant, just and truly sustainable.
Think City Sdn Bhd COO Dr Neil Khor says the very essence of a city is
dependent on its managers trying to make sure there are enough natural
resources to sustain it. The concept is not new. What has become quite
novel is an attempt to use design, technology and a new way of thinking
as a central feature of city making.
Before this, he says planned cities, such as Putrajaya, Canberra and
Brasilia, were very contrived. It was mans concept of taming nature. The
second evolution was to plan out a city in such a way to make it efcient.
And now we are going through the third phase, which is instead of bending nature to t our needs, we try to live within our means.

S5

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

special focus

sustainableliving
HANNAHBRUNELLEDOTCOM.FILES.WORDPRESS.COM

This is neither altruistic nor tree-hugger kind of thinking. It is simple. If we go on the path we have inherited from the past, we have no
future, says Khor.
Existing cities are trying to retrot their development needs according
to the contours of nature, he points out. For instance, if you have a hill that
is more than 30 degrees in gradient, you dont try to level that hill or build
high-rise towers on it. This does not mean that development stops. It just
means that you nd innovative ways of building around the obstacles.
While the concept of Transition Towns has not really caught on in Malaysia yet, Khor says there are clear sparks of awareness in different
parts of the country. In Butterworth, for instance, the mayor is trying
to clean up the Prai river. In the past, this would have involved putting
chemicals into the water to improve water quality. But here, they are trying to deal with the source of pollution rather than the effects. And that
involves trying to change the mindset of the people living along the river.
This seems to have worked beautifully. Recently, the water quality of
Sungai Pinang has moved to between Class 2 and 3. It was previously
worse than Class 5, a dead river, completely black. Now, it has recovered
to a stage where there are otters living in the river, he says.
This came about after a series of hard decisions, says Khor. They removed factories, pig farms along the river and changed peoples minds
so they stopped viewing the river as an open sewer. All these little wins
point to a different way of thinking and city management.
There are also smaller projects that show people are beginning to
think in this way, such as building community gardens and recycling initiatives. Think City is also funding a project that is trying to get a number of restaurants in Kuala Lumpur to source ingredients from their own
kitchen gardens.
And we are looking at recycling building materials such as wood and
railway ties, and using lime plaster instead of cement for construction
because it allows the building to breathe and keeps brick and mortar in
place for a longer time, says Khor.
Hopkins says Transition initiatives work on a local level to increase
the ability of communities to withstand crisis and handle change. They
do this by proactively creating a positive vision of their communities in a
world with less cheap abundant energy, changing climate and a changed
social, environmental and economic environment.
The Transition Movement has come up with two movies so far
Transition 1.0 and Transition 2.0 showcasing the various Transition
initiatives in the UK and around the world. One of the most popular initiatives to be showcased is the Garden Share scheme, which was started
in Totnes, England.
Lou Brown, the project coordinator of this scheme explains, The Garden Share project means that people who dont have land and dont have
garden space are matched with people who have garden space that they
dont use in Totnes.
And the idea is for it to be a long-term growing community, relationship and commitment really helping us get back into the habit of sharing, sharing our space and sharing our resources, and learning that we
are utterly interdependent. So few people have access to land and I think
people are a bit more aware of the food resilience issues.
It is common knowledge now that we have between three and ve
days of food in the supermarkets. Food prices have gone up, so people
have started thinking about growing their own food. They can grow their
own salads. There is no packaging and no food miles, and people are
thinking of eating those kind of in-season things.
Hopkins agrees. In terms of practical projects, food is where a lot of
transition groups get started because you dont have to wait for anything
to get on with that. You dont need permission to do it; you dont need
funding to do it. If you want to set up a windmill on the edge of your town,
that could take ve or six years.

Stages of
Transition
STAGE 1: STARTING OUT

It is that creative, playful storming


sort of stage where you are running
around, showing films, putting up
posters, organising awarenessraising stuff, starting to lay the
foundations for the transition
initiative. But at that stage you may
not even call it Transition Wherever.

STAGE 2: DEEPENING

This is the stage where you


realise all of a sudden, Hey, we
are Transition Wherever it is and
we are becoming an organisation,
and we have to make things more
structured and more formal, and it
feels very different from that initial
starting-out phase. It feels like we
are becoming an organisation.

STAGE 3: CONNECTING

Once you are really up and running,


you really start to reach out to the
wider community, the organisations
and people you might not have
come into contact with until that
stage the local council, local
businesses, the wider community.
So connecting is really a stage
of embedding the project much
more deeply in the community and
making it much more relevant to as
many people as you can.

STAGE 4: BUILDING

Building is that step of starting


to think strategically about the
localisation of the place that you
live. It is the stage where you start
setting up energy companies, local
currencies, local enterprises
where it moves from lots of ideas
to making a very tangible push at
creating a new infrastructure locally.

12 Steps of
Transition
1. Set up a steering group
and design its demise from
the outset
This stage puts a core team in place to
drive the project forward during the
initial phases.

2. Raise awareness
/BLOG.CLOUDZYNC.ME

Build crucial networks and prepare


the community in general for the
launch of your Transition initiative.

3. Lay the foundations


This stage is about networking with
existing groups and activists.

4. Organise a
Great Unleashing
This stage creates a memorable
milestone to mark the projects
coming of age.

5. Form sub groups

You can start a garden-share scheme, you can start growing food,
you can start window boxes; you can start these really, really quickly and
really simply. So what we see time and time again is that local food projects are the rst things transition initiatives do and the rst thing that
starts to gain some momentum.
In the interest of kick-starting local economies and giving local businesses a much-needed boost, many of the Transition Towns have adopted
a local currency, or one that can only be used in the town.
Hopkins explains, Transition means nding creative ways to stop
money pouring out of our communities. If you think of a community as
being like a big leaky bucket and money pours into it from all the different places from grants, pensions, wages or whatever comes into our
economy and most of it just pours out of the holes in the bucket.
Every time you shop at a supermarket, 80% of that money leaves, so
you have a national currency that just pours through our communities.
If you have a local currency, it cant leave; it bounces off the side of the
bucket. It is like mindful money. If you go shopping with a local currency, you make a conscious decision that you are going to support local
businesses.
Oliver Dudok van Heel, a member of the Transition Town Lewes currency group, says, There is an imbalance of trade between the global
market and local markets, and we focus far too much on the global market. If we just found the right balance between what can be done locally
and what needs to be done globally, then we have the basis for a local
and global economy that works together for the benet of the people.
Lewes, in England, has been one of the more active Transition Towns.
Other than introducing a local currency, it has built the rst community-owned solar power station. Ouse Valley Energy Services Company
(Ovesco) director Dirk Campbell, who is part of the Transition Town energy group in Lewes, says the solar panels were placed on the roof of a
brewery and they were paid for and owned by the community.
We had the launch in town. We advertised it very extensively, and the
money started coming in. We started getting cheques through the door
with the application forms and in a very short space of time, I think it was
three weeks, we had more than we needed to fund the installation, he adds.
It is a very interesting precedent to set because it shows that people
power is actually the effective power in terms of community fundraising
and community projects.
In the UK, the government pays for every unit of electricity generated
by the use of a renewable installation. We are accumulating the feed-in
tariff, revenue out of which we can repay peoples initial payments. This
idea of resilience is really important, says Campbell.
Resilience is the idea of a community or settlement or government
to withstand shocks from the outside how we design our towns,
settlements and cities, the ability to adapt and to change quickly and
to become much more responsive to what is happening around them,
E
says Hopkins.

Tap into the collective genius of the


community for solutions that will
form the backbone of the Energy
Descent Action Plan.

6. Use open space


Open Space Technology has been
found to be a highly effective
approach to running meetings for
Transition Town initiatives.

7. Develop visible
practical manifestations
of the project
It is essential that you avoid any
sense that your project is just a
talking shop where people sit around
and draw up wish lists.

8. Facilitate the
Great Reskilling
Give people a powerful realisation of
their own ability to solve problems,
achieve practical results and work
cooperatively alongside other people.

9. Build a bridge
to local government
Your Energy Descent Plan will not
progress too far unless you have
cultivated a positive and productive
relationship with your local authority.

10. Honour the elders


Engage with those who directly
remember the transition to the age of
cheap oil.

11. Let it go where


it wants to go
If you try and hold on to a rigid vision,
it will begin to sap your energy and
appear to stall.

12 Create an Energy
Descent Plan
Each subgroup will focus on practical
actions to increase community
resilience and reduce the carbon
footprint.

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S6

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

When transition comes home

cocentric Transitions started out as a team of two that wanted


to raise environmental empathy among urban Malaysians and
help them develop the skills for sustainability. It is now part
of the Transition TTDI initiative which, if it takes off, will make
Taman Tun Dr Ismail in Kuala Lumpur the first Transition Town
in the country.
Engineers by training, founders Firdaus Nisha Muhammad Faizal and
Loo Lymun were living the strange disconnected lives that characterise
todays society spending unnecessarily on expensive meals and wasting a huge chunk of their lives commuting to work, and wondering about
the value of what they were doing.
I worked in the oil and gas industry for a while and read about peak
oil and peak economy. Two ways of dealing with this are you can be very
afraid and live under a rock because climate change is going to happen
and you cant do anything about it, or you can be a conservationist and
conserve everything without being able to appreciate its value, says Nisha.
The duo chose the middle ground. Alternatively, you can move towards a lifestyle that is more environmentally ethical, she points out.
But how does one live in a sustainable manner and still put food on the
table and pay the rent? We both know a lot about the environment because we are interested in it, so we decided to start by teaching workshops, says Nisha.
Their workshops focus on four interconnected areas sustainable
living skills, environmental education (which includes climate change),
water and resources, and food resilience. They also decided to look into
appropriate technology.
Appropriate technology is any simple system that can be built with
something very local, very available, by the local people with very simple
physical applications. For instance, what PACOS Trust is doing in Sabah
with mini-hydro projects, says Nisha.
It buys, say, Pelton turbines from somewhere, brings them to a village
and shows everyone in the Kooperasi Hydro programme how to build one.
So if it fails, say there was heavy rain and too much water went into it and
it got stuck, somebody in the village will know how to x it.
PACOS is a community-based organisation in Sabah dedicated to the
support of indigenous communities there.
Another example of appropriate technology is the compost toilet. You
make a compost toilet where everybody knows that you have to poop in
this hole for a couple of weeks or months, depending on how much stuff
goes in and then you close the site and open the next one, says Nisha.
At the end of the cycle, you go and shovel all the compost. It is not
faeces anymore because there are worms and other things in the system that deal with the waste matter. You use this compost to fertilise
your fruit trees.
A compost toilet is appropriate technology because there is almost
no point of failure, explains Nisha. And if there was a point of failure,
somebody in the village would be trained to x it. It is totally doable with
whatever resources you have.
Compost toilets are very popular in the remote villages of Indonesia. Their toilets have a long drop with an inclining end at the back, so
everything goes down through this drop. People wait for the compost at
the other end, and they are like: takde lagi nak ambik? (Isnt there anymore

to take?) Because they want the compost to fertilise their trees, she says.
Part of the education process is teaching the villagers that this compost is not suitable for everything. For instance, it cannot be used to fertilise leafy greens because human faeces contain pathogens and should
come into direct contact with food. These bits of information seem so
very little compared to the impact it can have on the community over the
long term, she points out.
All of this goes back to education, says Nisha. People used to know
a lot about a lot of things. Now, everyone is so silo-ed. You learn exactly
what you need to learn for a particular industry and thats it.
The problem is that people have stopped learning the fundamentals.
We learn solutions, and when we dont learn the fundamentals, we cant
tweak the solutions, which have already been schemed, trimmed and
packaged, she says.
As the duo were building their workshops and researching the concept
of sustainability, they discovered permaculture and Transition Towns.
Transition Towns come from the concept that peak oil is going to happen. And because society collapses when people dont have what they
are used to, we are going to lose our fundamental values and ght just
to survive. If you dont think about it and prepare for it, it will just happen, Nisha says.
Things will not work in Malaysia the way they do in the UK. The UK is
so far ahead of us. It has gone through multiple cycles of development
economy, intelligence, academics. We are still very young on that scale.
So we need to do things differently from how they do it in the UK and the
US because our community is not ready, she says.
For instance, when you ask someone what is the embodied energy
of the product he has just bought, he usually looks at you blankly and
asks What is embodied energy?
And these are not laymen either, but engineers, green building experts,
educators and environmental non-governmental organisations.
Embodied energy is, well, take this table which was given to us by
someone. The steel that went into making part of it was mined from
somewhere. And from its mining point, it went to a factory where it got
turned into strips. It then got moved to a factory that makes furniture. And
this board at the top came from the offcuts of other things, says Nisha.
So, the whole logistics of the materials, from where they were created to where they were sold, and then given to somebody from whom
I inherited the product, that whole energy cycle, thats embodied energy
the total energy taken to produce something.
So, if someone who boasts about buying new clothes all the time
starts to think about the embodied energy of each piece, it is possible
that it may bring about a change in behaviour.
That is why there are a lot of people who buy locally sourced clothes.
Or end fabric. I dont want to use the words artisan craft because that
just makes it a lot more expensive and there are people who capitalise
on this all the time, calling themselves ethical while we wonder just how
much of it is really ethical and how much of it is marketing, she says.
We ask a lot of questions, but the easiest way is not to buy so many
clothes. You wear until kaput. And you learn how to mend stuff. So we
change the way we consume.
Ecocentric Transitions was already in Taman Tun Dr Ismail conducting
workshops and teaching children (and their parents) about sustainability
when a splinter group from the areas very powerful Residents Association decided to start Transition TTDI.
When they started to talk about Transition TTDI, they discovered us,
already operating here and doing some of the things they wanted to do.
So now, we are part of Transition TTDI, says Nisha.
The TTDI locale is really unique, she says. It has a demographic of
a lot of really affluent people and then, the middle class. And it is very
close to a lot of things the mall, train station. And it is a very cycleable
community; you can get from one end to the another quite easily.
We are in a very unique location and Transition could take off really
well. We have met maybe four times and we have people from the Residents Association on our steering committee. Basically at this point,
we have been ironing out our mission statement, core values, call to action, how we are going to roll out and who will be the placeholders for
the various activities.
As Nisha has mentioned, it wont be like the Transition Towns that
have sprung up all over the UK. More than 100 communities are doing
it over there. It is different for them because they have so much built infrastructure, she says. Malaysian communities, on the other hand, will
be starting from scratch.
The group has already set up a community garden, which has been
featured extensively in the media because it is one of the more successful community-driven projects. Transition is really the value of community, says Nisha.
Transition TTDI is supported by a small working group of 10 residents, each with his or her own areas of interest, such as walkability and
connectivity in TTDI, alternative energy, community spaces and edible
gardens, urban waste (residential and commercial), and community edE
ucation on sustainability.

S7

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Guerilla gardening comes to KL

ome initiatives would not be labelled as transition, nonetheless they have some common characteristics. Take Guerilla
Gardeners Kuala Lumpur (GGKL), a small group of committed
individuals who go out seed bombing and planting vegetables,
fruits and medicinal herbs in plots of vacant land across the
Klang Valley.
Its objective is simple to provide the poor with alternative food
sources so that they can harvest instead of buying food, particularly in
times of rising prices and other economic pressures.
Co-founder Joycelyn Lee explains, The cost of food is getting very
high. But there is a lot of land in Malaysia, in Kuala Lumpur in fact. We
feel this land could be better utilised.
So we look at edible plants. Our favourites are those that grow like
weeds, with minimum or zero maintenance, such as kangkung (water
convolvulus), bayam (spinach), sawi (mustard greens) and kacang panjang (long beans). You just toss these and they will grow. And anybody
who walks past can harvest them.
That is why GGKL targets primarily the low and medium-income areas
as well as places with a lot of foot trafc places that people might pass
or wait at during the course of the day. A bus stop is usually very grey. A
lot of them in the inner city have planters, which are either empty or lled
with trash. Give that to us and we will put a pandan plant or curry plant or
lemongrass there. Then, if you have to take two or three buses to work,
there is some of your shopping done for the day, says Lee.
Co-founder Daniaal Rauff chimes in, If we come across an empty
chain link fence, do you know how many things we can grow there? Cucumber, long beans, snake gourd.
Just pick a few and fry them with eggs and you have your meal for
the day, says Lee.
Another thing this does is reduce wastage. When you buy herbs for
cooking, how much of it do you use and how much gets stuck in the
fridge? So what we would like to do is make these trees accessible so
people can go out and harvest when necessary. It saves food costs, it
saves resources. It is also in a very small way about food security. That
is where we are heading, Lee adds.
The group was formally established in March. Before that, Lee, a
chronic insomniac, was driving out at night and throwing seed bombs
and planting trees in different areas. She met Danial at a pitching session for social enterprise. Danial runs Feeding the Needy, a soup kitchen
that runs every Thursday in the Chow Kit area. It feeds 400 people, 65
of whom are children.
I have not seen the numbers go down since we started. In a way, one
of the long-term objectives of GGKL is that there will be enough to harvest and channel towards the soup kitchen, says Danial.
What if someone harvests the plants to sell them instead of consuming them? If one takes the plants and sells them because he really needs

the cash, then go for it. It meets our objectives as well, says Danial.
The initial response to GGKL was, in the duos words, good. We had
people who were willing to come on Sunday nights and make the seed
bombs. They wanted to get their hands dirty mixing the coffee grounds,
earth, clay and seeds. The seed bombs can be done during the day. The
plant and run has to be done under the cover of night. We usually start at
about 1am and are done by 4am in the morning on Sundays, says Danial.
There is a risk involved, of course, because basically, they are growing food on public land and there is a little matter of town councils. Has
GGKL fallen foul of them? So far, no, admits Lee. But people are hungry. Someone has to address this need.
Have people actually harvested any of the produce? Yes. I have gone
back to the places where we grew sawi and bayam and all those are gone.
Then, I go a few weeks later and there are little leaves because these
plants grow like weeds, as I said. A few weeks later, they are gone again.
So, people do harvest them, says Lee.
How much does it cost to do this? Honestly, it is not that expensive
to start with. And we have donations not in cash but in terms of expertise and time. Some people bring their own seeds to make the seed
bombs, says Lee.
The group is also planting medicinal herbs that can be used for a variety of purposes. It intends to document where it has planted these herbs
and what illnesses they can be used for.
Think about it this way. Your papaya leaves alone can be used as a
treatment for dengue. And if you have chicken pox, making a poultice
out of the papaya leaves actually reduces itching and therefore results
in less scarring, says Lee.
Or you could take antihistamines. So, free papaya leaves versus the
cost of antihistamines which can you afford? she says, pointing out
that medical costs have also gone up.
How do they know which herbs to use for a particular illness? We talk
to the elderly. This is all traditional wisdom that has been lost. We are reclaiming it. And it is our way of making people more independent, says Lee.
Eventually, they hope the corporates will step in to help. What I would
like is for people to give us some land so we can do a nursery. Right now,
we are all operating from our own houses. The nursery can supply plants,
employ general workers and harvest, Lee says.
Another idea the group has is to work on land slated for development.
Before development starts, you spend about six months getting your
permits and all that. In the six months, if you allow us to use your land, do
you know how much food we can harvest? There was a study done in the
US that said you can harvest about two tonnes of food in six months from
half an acre of land if you work it properly. That is a lot of food, says Lee.
Is this transition? The transition movement is basically about small
actions creating a snowball effect. This is basically what we are all
E
about, she says.

special focus

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S8

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Championing urban revitalisation


Sime Darby Property sees urban revitalisation as an important part of building a sustainable future

atuk Jauhari Hamidi, acting managing director of Sime Darby


Property (SDP), believes that urban revitalisation and liveability
are two key factors that make up a sustainable development,
and as a developer whose ethos is building sustainable futures,
he feels its important for SDP to champion these factors.
Cities need to become more liveable, while urban centres
need to be able to cater for the needs of a growing demand for urban
housing. The co-existence of sustainable communities and well-planned
built environments contributes to successful social, economic and environmental regeneration. It is not only about giving an existing urban area
a new lease on life, but also to identify weaknesses and gaps which contribute to social and economic exclusion and environmental problems that
cause the initial urban decline.
As a responsible developer, we must contribute to elevating the quality of life that makes urban living desirable for everyone. Its not just about
having the right structures and amenities in place. It is about developing
in a holistic manner to stimulate more social, economic and environmental progress.
The lack of these elements would lead to an undesirable state of urban
living, causing a decline even in economic performance. This is why SDP, as
a leader in sustainability, continues to strongly champion urban revitalisation as a key aspect in moving towards a sustainable urban future, he says.
Urban revitalisation, he says, has always been an important part of
SDPs sustainable agenda. Urban revitalisation is another way to unlock
the potential of an existing development and when we decide on this, we
also take into consideration how it will contribute to growing the wellness
of the community and the companys performance and prot. Ultimately,
we develop with a view to building sustainably. This is a core part of our
philosophy, and is something we ensure in all our developments.
The company, he reiterates, is committed to building in a way that meets
the needs of the community. We always plan ahead to ensure continuing
improvement in the delivery of sustainable townships, products and services. An example of successful urban revitalisation is Subang Jaya, which
is now a successful inter-generational community, spanning a timeframe
of more than 40 years.
The Subang Jaya City Centre (SJCC) is a subsequent plan to elevate
Subang Jaya into a thriving urban centre with the transit-oriented development (TOD) model incorporated. The TOD model harnesses the transport
hub as a catalyst for sustainable development, increasing housing options,
reducing carbon emissions and reducing road congestion while revitalising urban areas and stimulating economic growth. It also promotes easy
mobility and suits different urban demographics, he says.
Jauhari points out that sustainability was a key aspect of the 11th Malaysia Plan when it was tabled earlier this year and is in line with SDPs
vision for building a sustainable future for the nation. We are certain that

City of Elmina sets a new


benchmark for townships in
Malaysia

HA
RI
SH
AS
SA
N

We cannot work alone


in achieving the balance
between creating sustainable
communities and the built
environment. There
must be active
and continuous
participation from
all stakeholders.
> JAUHARI

Malaysia Vision Valley, as was mentioned in the 11MP, will contribute


greatly to the ongoing creation of new urban centres, with the integrated
cluster of townships in Negeri Sembilan targeted to become a regional
corridor of economic growth, creating more employment opportunities
and unlocking further value.

SHIFT IN MINDSET

In approaching urban revitalisation, the rst step, Jauhari says, requires


a shift in mindset and attitude, both on the part of the developer and the
community.
This change in mindset is a must for urban spaces to become conducive
places to be inhabited. Revitalisation plans need to relate to the existing
natural and physical environment and optimised use of these as assets in
the development, such as natural bodies of water and topographic features
of interest. Creative use of environmental design is also vital to diminish
the feeling of an articial environment, such as in the designing of parks,
playgrounds and other urban spaces, he says.
Investment, he adds, would be needed to enhance specic urban elements
with an eye to enhancing liveability, technology and social transformation
that would continue to thrive as it evolves over time, thus contributing to
elevating the sustainable factor as a whole.
Through our TOD developments in SJCC, Subang Jaya Seven (SJ7),
The Glades and Oasis Damansara, for instance, we create vertical urban
villages that increase housing choices and are pedestrian-friendly. These
developments also reduce carbon emissions and trafc congestion, providing strong support for the vitality of our urban future.
City of Elmina, our development in Shah Alam, sets a new benchmark
for townships in Malaysia. It is a model for sustainability, safety and security, transport-oriented and transport-adjacent development, culture,
and above all, wellness and liveability, which are essential elements for
urban affluence.
Another example is the Pagoh Education Hub in Johor, set to be the
countrys rst township that is integrated with an education hub. A key component of the National Higher Education Strategic Plan, it will serve a critical
role in stimulating the economic growth of northern Johor, Jauhari says.

EVERYONE PLAYS A ROLE

Whats also crucial is a change in urban attitude. Jauhari points out that
although developers play a key role in bringing about a change in urban
attitude and increasing the liveability of spaces, the public and policymakers also have a part to play.
We can play our part to contribute to the change of urban attitude by
providing low-carbon transport options and placing a high value on inclusion of nature within the built environment. [But] to achieve change, there
must also be accessible and functional community facilities that serve
as focal points for community cohesion and a high sense of civil society
responsibility.
We cannot work alone in achieving the balance between creating sustainable communities and the built environment. There must be active and
continuous participation from all stakeholders, such as the authorities and
E
community leaders.

special focus

S10

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving
The Sustainability Conversation by Sime Darby Property

Building integrated
sustainable urban
communities for
the future

By 2020, 80% of Malaysias population is expected to reside in cities. As more and more
people converge in these urban and suburban areas throughout the country, it becomes
even more imperative to ensure that the cities are sustainable.
As the country progresses, making cities more livable is a common goal shared by
stakeholders in the property sector in keeping with the sustainability agenda.
How do we transform present communities and create new ones that are more
sustainable in the long term? What are the signs that a particular area has reached its
tipping point and is about to become a slum? Are there any early indicators? Is there a
better way of working together with the developers as well as the local authorities to
create more sustainable communities? What can we learn from the way other countries
have gone about this?
Towards this end, Sime Darby Property Bhd organised a conversation on sustainability
with the various professional bodies and government institutions to get some idea of what
needs to be done to take it forward to the next level.

S11

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

special focus

sustainableliving
The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

Van Aerschot: Some 80% of the population will live in cities in the
future. Greater KL will have 10 million people in 2020. There's a
thought that cities should be planned and not developed. Because
with many things, once we have built them, there's no turning back.
Once you have the roads in place, once you have water, transport,
if it is not planned ahead with an overall design in mind, it's very
difcult to change things.
The objective of this discussion is to explore the challenges linked
to sustainability and urbanisation. And not only on water and energy
but also social inclusion and how to make cities more competitive.
Because cities compete with each other to attract industry, to attract
the best talent. And having a quality urban environment is crucial for
the future of the cities and the country. And that's why not only the
environment but also the social impact and, ultimately, the nancial
prosperity of cities should be looked after. So, tackling the issue of
sustainability in different areas is a key challenge.
Jauhari: To Sime Darby Property, developing sustainable communities means transforming a space into something sustainable for
future generations. We want to create communities that are socially
inclusive, economically vibrant, safe and environmentally enriching.
That's where we are coming from as far as Sime Darby Property is
concerned. We have very much subscribed to this approach in all our
actions. This is very much what we will continue to take into account
in all our developments.
If you look at Sime Darby Property, we are in the whole spectrum of
property development in Malaysia, from townships which are basically our bread and butter, and we have maybe 20,000ha to 30,000ha
of landbank that we can develop right up to transit-oriented developments. We also build high-rises. These different developments
must have the sustainability element at their core. Sustainability is
something Sime Darby Property has been driving for some time now;
it is an integral part of who we are and how we progress.
Van Aerschot: The key word is developing communities for the future.
The question is, should we develop communities for the future or is
it just about the built environment? Where do you see the difference
between the two and who should do what to move from the built environment to building communities, because I guess everyone has their
own responsibilities and their own ways of influencing the outcome?
Mohd Zulhemlee: This is always a challenge for us. When we get a
new job from a developer, we have our own ideals. At the same time,
the developer has its objectives that it wants to achieve. So, if that

M O D E R AT O R

CONSTANT VAN AERSCHOT

Executive director of the Business Council for Sustainable Development in Singapore, a business association dedicated to
improving the business case for sustainability. He set it up in
2013 to serve as a policy advocacy platform focusing on buildings, water, food and energy in Southeast Asia.
PA N E L L I S T S

DATUK JAUHARI HAMIDI

Acting managing director of Sime Darby Property, Jauhari was


executive vice-president of the energy and utilities division
(non-China) prior to taking up his present appointment. He
has been with Sime Darby for 33 years, during which he has
served in various capacities, including as Sime UEP Properties
Bhd managing director.

DATUK LIM CHOW HOCK

President of Institution of Engineers Malaysia, he served in the


Department of Irrigation and Drainage (DID) Malaysia for 36
years before retiring in June 2014. He has extensive experience
in irrigation, agricultural drainage, flood mitigation and urban
stormwater management, among others. He currently oversees
all programmes and initiatives associated with Integrated River
Basin Management and Integrated Coastal Zone Management,
which includes the River of Life project.

AHMAD IZDIHAR SUPAAT

Honorary secretary of the Malaysia Green Building Confederation, Izdihar is a registered professional mechanical engineer
with 20 years experience as a consultant in the building industry. He is the managing director of Exergy Malaysia Sdn Bhd,
an environmentally sustainable design consultancy based in
Kuala Lumpur and is currently facilitating sustainable designs
for various buildings in Malaysia.

NORLIZA HASHIM

Secretary-general of the Eastern Regional Organisation for


Planning and Human Settlement, Norliza has both private and
public sector experience. She has managed her own rm, AJM
Planning and Urban Design Group, for 20 years and has been
involved in initiatives such as developing the Low Carbon Cities Assessment Framework for the Ministry of Energy, Green
Technology and Water.

MD NAZRI MOHD NOORDIN

President of the Malaysian Institute of Planners, Md Nazri


runs his own company, Iktisas Planners Sdn Bhd, a planning
and environmental consultancy rm. He is co-chairman of the
membership committee of the Malaysia Institute of Planners
and previously served as chairman of the Young Planners
Committee. He is also a director of Badan Warisan Malaysia.

PROF NIK MERIAM NIK SULAIMAN

Dean of Universiti Malayas Sustainability Science Research


Cluster, Nik Meriam is a chemical engineer by training. She
joined Universiti Malaya in 1983 and was the founder dean of
the Sustainability Science Research Cluster in 2009. She has
taught courses on wastewater engineering, environmental management, air pollution and sustainable process engineering.

MOHD ZULHEMLEE AN

President of the Malaysian Institute of Architects, Mohd Zulhemlee has presented various papers on affordable housing
design, conservation of architectural heritage and surviving
globalisation.

We want to create communities


that are socially inclusive,
economically vibrant, safe and
environmentally enriching.
> JAUHARI

ASSOCIATE PROF MOHAMMAD FADHIL


MOHAMMAD

Council member of the Royal Institution of Surveyors Malaysia associate prof Mohammad Fadhil is currently a senior
lecturer and head of construction economics and procurement research at the Centre of Studies for Quantity Surveying,
Faculty of Architecture, Planning and Surveying, Universiti
Teknologi Mara (UiTM) in Shah Alam, Selangor.

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The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

happens to synchronise, then we'll have a good product that can benet everyone. But at times, when
you're at opposite ends, then you will have to come
to a common ground whether you want to go along
with what the developer is trying to achieve. For a
lot of developers, they look at protability. We would
still want to ensure that we are able to influence the
development so that they look after the built and
natural environment, which is what we usually try to
do. We cannot just look at buildings as a separate
entity because whatever we build has an impact on
the environment and whatever we build in one area
will affect the whole community. So we have to look
at the community as a whole.

Van Aerschot: Hopefully, there will be some tangible outcomes from this conversation.
Mohammad Fadhil: On the platform of surveyors,
it's always a concern, as mentioned by some of my
colleagues, the issue of economics and protability.
Because when you talk about sustainability, there's
a cost. So it's always an issue of cost, value and so
on. But as surveyors, we see the positive aspects. It's
just about how the population is aware and appreciates what it is getting insofar as the sustainability
agenda is concerned. So we are always asking our
clients: If you do feasibility studies or development
costs, can you do a calculation with sustainable
[elements] and without sustainable [elements]?

Van Aerschot: So I guess the key is the clients?


Md Nazri: From our point of view, I think it is no
longer enough to build houses to provide a roof over
our heads. By 2020, some 80% of the population
will be in urban areas. Therefore, the original rural
communities will be transplanted and become urban
communities and balik kampung will mean coming
back to urban areas. So, we have to focus on building
communities instead of building houses. That was
lacking in how we developed places or spaces in the
past, as we were focused on the physical part or the
hardware. The software is missing: making spaces
to create places. We should create communities;
the social, cultural part of building the township.

Van Aerschot: Last but not least, the engineers.


Lim: Sustainability is a great big word. I believe that,
as Constant mentioned, well-planned developments
that focus on the community itself are crucial. What
do we build for? We build for people and these people form the community. So the whole exercise has
to be well planned and built, and there has to be
space for communities. And there is another word,
existing space, for any kind of township, maybe
some kind of modications are necessary so you
can promote sustainable living. You want people
to be able to live, work and play in the same areas
that we're talking about. I think the whole principle
of sustainable communities has to rely on making
use of available resources, utilising the space we
have and at the same time, not forgetting to have
sufcient resources to sustain us for the future.
So I think it is about balancing present needs with
the needs of future generations. And this is where
I think the built environment, in terms of the hardware part, has to come into play.
Basically, I think it has to be well planned and
this is where the importance of a multidisciplinary
approach has to come in. I think today many developers, the big developers in Malaysia, have consciously placed the whole concept of sustainable
communities right at the heart, hati kita, and from
there, you have to look at the whole concept. To be
sustainable, you need to do the built environment
well, you need to cater for the local environment
well and we need to look at the social and cultural
dimensions as well. But ultimately, we are here to
earn a living as well. So if we want to live here, there
must be employment opportunities. It must all be
well planned in that kind of concept.

Van Aerschot: From the Malaysia Green Building


Confederations perspective, do you have a township approach or community approach, or is it more
about building certication?
Ahmad Izdihar: I think we have to go back to what
sustainability is all about. Sustainability is about
various factors. I think we are talking about social,
economic and environmental factors. If you are going
for sustainable communities, you have to give the
community what it needs. Let's take a scenario: we
call more people into the cities, we build vertically.
You are going to have a lot of people, so economically you can actually prosper. However, socially,
you are going to create a lot more problems. Environment, okay, let's say you build in town, the environment will have what you have. So, when you talk
about sustainability, it has to be tailor-made for a
particular community, space or area. If you want to
do sustainable communities in Alor Setar, it will be
different from what you might do in KL.
Nik Meriam: If you read Jeffrey Sachs, who is now
on the United Nations Sustainable Development
Network, we have three factors that cover sustainability: urban productivity, social inclusion and environmental sustainability. Part of the infrastructure
is just part of the equation. And I think Nazri spoke
about two wares the hardware, which is the infrastructure, and the software, which may be the
governance and so on. I would like to add another
'ware', which is the heartware. This is the emotional and ethical side. I think if people don't have the
heartware, things are not going to be sustainable
even if we have policies in place.
Take recycling. You have all the recycling laws
but people don't really recycle properly. There is no
ownership of the place where you live. So, on top
of the physical, the hardware and the software, you
need the heartware. And this is where you need education, awareness and so on.
Norliza: I think sustainability has been embedded in
the country for quite a long time. But if you look at it,
we still have a lot of gaps and we still have bits and
pieces of things that don't tie up. For the simple reason
that when you talk about sustainable communities
and built environments, generally, it's the people that
make the place, and when we plan. It's actually about
putting people at the heart of everything. And I think
because of that, the approach towards doing things
has got to be more values-based. And this is where
organisations like Sime Darby, as they go deeper and
deeper into the sustainability agenda, can elevate
themselves in terms of their goals.

Van Aerschot: What are the gaps that you can see
and what can we do about them? We have a unique
grouping of organisations here that can actually
address the gaps, but rst, we have to formulate
the gaps that can be seen as an obstacle to more
sustainability.
Md Nazri: What you are saying about gaps relates
to what Lim was saying about the culture of maintenance; the same thing I look at when we develop a
township or housing area. A developer comes in with
all these beautiful ideas of creating communities or
lifestyle. After they sell, the people move in, and that's
it. They are expecting the local authorities to carry
on the ideas and create the community. But with the
modern way of living, you know that would be almost
impossible. People today are so busy with life that
they don't even know who their neighbours are. If I
remember correctly, when I was studying overseas,
the local authorities there had a unit called community
development that actually focused on how to create
the communities. They created programmes to build
communities. The communities that we are trying to
build need somebody to take the lead.
Jauhari: I will take on some of the comments made
by Md Nazri because rstly, I just want to say that we
are very grateful that whatever Sime Darby Property
is doing now is touching the hearts of our communities, so we must be doing something well. And we
do have township communities that we built decades
ago that continue to be sustainable even today. A
very good example would be Subang Jaya which

I think the whole principle of


sustainable communities has to rely
on making use of available resources,
utilising the space we have and at
the same time, not forgetting to have
sufficient resources to sustain us for
the future. > LIM

The original rural communities


will be transplanted and become
urban communities and balik
kampung will mean coming back
to urban areas. So, we have to focus
on building communities instead of
building houses. > MD NAZRI

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sustainableliving
The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

You cant choose


sustainability pillars. Its
a will. Its not a pillar. Its
interrelated.
> NORLIZA

we developed about 40 years ago as our rst township


and it is still as robust. Today, we are rejuvenating this
mature township and breathing new life into it. To an
extent, the community has sustained itself, and this
is very much at the heart of sustainable communities
that we're talking about.
There's so much that Sime Darby Property can do
in trying to drive this agenda forward with sustainable
practices. We have a lot of ideas. In our townships,
sometimes I tell my team that we have not sold the
product features well enough. A very good example is
City of Elmina. Elmina is just one of the new townships
that we are developing. Not many know that we have
something like a 90km bicycle track there. This is an
example of providing an environment that promotes
wellness and sustainable living. Such features encourage people to interact with nature by living healthy. We
also have a jogging track and man-made ponds. It's all
in the name of community living. We can do all these
things, we can provide all the infrastructure, but we
know when we hand over to other parties, there may
be some challenges to overcome. But still, there are
limits to what a developer can do.
Likewise, when you talk about sustainable communities, we cannot run away from the fact that we have
to make sure a township is safe. On our part, we engage with the local police on security matters and support them by providing the necessary facilities. There
must be commitment from local authorities and other
government agencies to make sure that the community we have created is sustainable. So the role of the
authorities and government agencies is crucial to see
progress in this sustainability agenda and to ensure
that as we move forward, the community that we have
established is further enhanced.
Sime Darby is very much committed to this agenda.
Whether in good times or bad, we will continue with
sustainable developments and create sustainable communities. But we cannot do it by ourselves. We need
other stakeholders to chip in; it has to be a joint effort.
Mohd Zulhemlee: Just to add to the gaps that Datuk
Jauhari was talking about, I think it goes beyond that.
When we talk about not taking ownership of what
is provided for the community, not taking part in the
programmes designed for people to interact, I think it
goes beyond the responsibility of the local authorities.
It goes all the way to the government. Because this
is where, under education, you teach the youngsters
what sustainability is. Remember when we were an
agricultural country, whenever there was a baby born,
they planted a tree to represent this. In the past, we
were very sustainable, and it was an informal education. But currently, under our formal education, we
don't teach sustainability. So that is a big gap that
we have to overcome. And that message should go
across, all the way to the top, otherwise, it will not be
a concerted effort.

Norliza: I want to raise two major gaps here. I think


one is the policies themselves. We, as a country, have
good policies and on this topic, we probably have,
across the board, a huge number of policies covering
the environment, social inclusion ... One of my greatest
challenges in dealing with sustainability over the last
15 years is the implementation of those policies. For
some of the projects we're involved in, some of the
gaps lie in the agencies themselves understanding
how to deliver those policies.
Even when we are looking at sustainability, we treat
all these pillars as if they are individuals. So we have an
economic pillar, we have an environment pillar and we
have a social pillar. We forget all these pillars actually
need to be one. And everyone who champions sustainability, they pick and choose. So that's the biggest gap.
Because you can't choose sustainability pillars. It's a
will. It's not a pillar. It's interrelated, it's coordinated,
and now we are even talking about culture being the
fourth pillar of sustainability because somehow or
other, we are trying to bind all these values together
and we are hoping to do so through culture.
Lim: One thing I want to add about the gaps or weaknesses is the various enabling elements that are probably
not strong enough. I think for any society to be sustainable, to carry on in terms of providing the best services,
whether you call it a smart city or not, the champions
are very important. We need good governance. Also,
somebody within the whole set-up a champion. So
the whole concept of sustainability, to have a community that is sustainable, to provide the space to create
a community that is sustainable, in terms of the infrastructure, looking at all the various elements in terms
of infrastructure development to support the needs of
the community. We need to look at that, apart from the
roof over our heads, the amenities, the services, not just
utilities. We need to look at things like the moment we
get out of the car park, are we caught in a trafc jam?
The point is that efcient transport is important as
well. And then, we look at the fact that we are a tropical
country blessed with a lot of rain, and then, the monsoon comes and we have floods. So the infrastructure
that we have in terms of drainage, for instance. While
we cannot combat flooding totally, we should at least
have an early flood warning system.
I would say that within the Malaysian context, we
can look at a big area, big community or township and
the concept of sustainability can be there. First to be
held by the responsible developer, and gradually as we
go along, not just handed over to the local authority per
se but creating awareness within the whole local community to privatise certain aspects of the services such
as garbage collection. This is where public awareness
comes in. We are very short of public awareness, especially in terms of sustainability. So we need to harness
the community for sustainability. We have to live, work
and play here, as well as pay.

Van Aerschot: Let me summarise the six gaps that I've


heard. The rst is good practices from Sime Darby;
good examples exist, they are just not as obvious to
the public. And it's like when you have a website, you
need a webmaster to make it run. So having this sort
of community, clubs and so on to make whatever Sime
Darby is developing come alive. So having good practices and having good communities to manage them.
The second gap is the commitment of local authorities to engage in this. The third is the mindset of the
people in taking ownership, which is lacking, whether
it is political ownership or others. The fourth is that
there are many policies in place but enforcement or
implementation is sometimes lacking, and there is
a gap in governance and institutions. That could be
something this group could help take forward to help
support the government in terms of bridging the gaps.
The fth gap is the choice of pillars. I understand that
you want a more holistic approach and not a gloried
one that takes a single element of sustainability, but
one that looks at the whole picture. And the last one
you mentioned is that we need more champions. My
take on this is that champions need to be rewarded by
the market, one way or another. And the discussion in
Singapore is the value of green property. Can we see a
higher value of green properties? So those are the six
points I have noted. We can move on to the other gaps.
Nik Meriam: I think Mohd Zulhemlee was worried
about the education sector, and this is the knowledge
gap. Because education you can provide in terms of
formal education or informal education. If you take
informal education, it's really about the kids teaching
the parents; it's not the other way around because
habits need to be learnt over the years.
It is the same thing about sustainability. You have
to live it. It's not something you do by a curriculum
you go for tertiary education and start doing a oneyear course on sustainability. There's a Malay term
that I have now come to understand fully, which is
menghayati. You live it. Hayat is about life. So for sustainability, it's about living the concept, it's not about
learning it in classrooms. So in tertiary education,
which is where I come from, we have tried to diffuse
the ideas of sustainability in terms of the living labs
approach, meaning we don't really do research in the
laboratory; we go out into the community to do the
lab and I think one of the examples is homes for the
aged. So we choose homes that are outside to transplant our idea and we ne-tune what the deeds are.
I think for informal education, it's about participation,
it's about social engagement. I think in Sabah, there is
a system for ownership by the local community called
the Tagal system. It's a community that looks after the
rivers. You can have local authorities making bylaws
or whatever, but in the end, it's the local community
that really makes the system work.
Mohammad Fadhil: If I may add, two aspects of our
practice are basically about looking at a client's economic options, as far as cost and value are concerned.
When we do our feasibility studies and valuations, the
clients, more often than not, will look at the aspect of
initial costs. Bottom line is, how much? But they fail
to look at the value. We nd that some of the clients
are noisy about the initial cost of certain properties.
They say this is too costly, too expensive, failing to
realise that there is a value attached to it at the end.
They fail to appreciate that you pay something extra
but you gain something as well, not just in terms of
value, of dollars and cents later on, but also in terms
of social and environmental aspect, because that involves investment at the early stage. You have to build
some things to get the value later on. I suppose that
means extra effort on our part, as surveyors, to tell the
client, be it the government or the private sector, that
in order for you to be a part of the sustainable agenda, you need to spend extra to gain the value later on.
Ahmad Izdihar: I think we have to try and make people
understand that we cannot afford not to be sustainable.
And we have to act now. We can have a 20-year plan,
but at the end of 20 years, we might not even have
what we have now. That we cannot afford not to be
sustainable is a big concept. It involves enforcement.

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The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

Theres a Malay term that I


have now come to understand
fully, which is menghayati.
You live it. Hayat is about
life. So for sustainability, its
about living the concept,
its not about learning it in
classrooms. > NIK MERIAM
You can make people who are not sustainable pay.
It can be applied to a lot of things and understanding that one of the biggest things is that businesses
cannot be unsustainable. That's why business is important, education is important, policy is important
and enforcement is denitely important. And menghayati is one of the best ways to describe it. Because
if people live a sustainable life, it becomes ingrained
in them. This generation doesn't understand what it
means to be sustainable but again, the next generation will teach their parents and they are the ones
who are going to carry the flag.
Van Aerschot: One of the questions that was raised
as well is, what are the symptoms that tell us that we
need a revitalisation of urban areas? Because it's not
just about new buildings. You mentioned communities
that have sort of gone down, so what are the symptoms
and what can we do about those areas that need to be
redeveloped for the sake of sustainability?
Lim: I think for existing cities or existing communities where the crime rate is getting high, and if you
look around at some public areas, they probably have
drug addicts. This shows that something is wrong in
the community somewhere, and obviously those are
from the social dimension. Added to that are things
like the infrastructure breaking down, places getting
more congested and problems of reoccurring flash
floods, for instance, and having rubbish everywhere
that clogs the drains. Those are the signs that the city
is probably over-congested and is not doing well. We
have to look at how we can revitalise, bring life back to
the city again. And even moving out of the city to the
suburban areas, which I think shouldn't be the case.
We want cities to be liveable and vibrant.
Van Aerschot: I think helping the government look at
those areas that are going down, but then you need
indicators.
Md Nazri: I just want to add to what Datuk Lim was
saying in terms of the symptoms. Just like human
beings, when you see that there is a strain in terms of
the facilities and amenities, I think those are some of
the symptoms. But having said that, if we can identify
the symptoms early, you don't need to do a heart transplant. You can treat it more gradually. So instead of
total urban renewal or redevelopment of certain areas,
you can actually create new life in an existing space
by understanding how that space worked before and
why it became as it is now and how it deteriorated.
Jauhari: From Sime Darby Property's perspective, we
are always on the lookout for those symptoms in the
townships or communities we are building that are either not meeting our expectations or our sustainable
concept. So when we see that by the time we launch a
product and after three months, we don't get 100% take-

up, then something is not right somewhere. Whether


times are good or bad, we really push ourselves. Because when times are good, the property sells itself.
But when times are bad, this is really when we need to
know if all the little things we are doing, all the features
that we have, whether they are what the people want.
So from Sime Darby Propertys perspective, as far as
the symptoms are concerned, for all our developments,
it is our take-up rate. We also question whether the
sustainability initiative for this particular phase was
enough. Because in every phase we have different
sustainability initiatives. And sometimes you can't get
away from making sure that, in any sustainability development, technology comes into play. Innovation is key.
So if you don't innovate, you cannot be a leader. You
have to differentiate your products to move forward.
In the area of innovation, some of the features
that we are talking about currently may be something that is just nice to have, but it cannot be done.
For instance, we are talking about ensuring the air
inside each unit is sustainable from the perspective
of humidity, which is also good for health. These are
features that we are now exploring to see how we can
differentiate our products moving forward. You talk
about symptoms. We are always on the lookout for
symptoms because we have to innovate, we have to
be a leader and not a follower.
Nik Meriam: I think I would agree with all the symptoms. But when you have some symptoms, you need
the data, and this is what is lacking. Somebody mentioned matrices or the matrix and perhaps not many
are aware that globally, we have gone from the Millennium Development Goals and by September this year,
the United Nations general assembly will be talking
about the Sustainable Development Goals. And they
have come out with thousands of indicators through
participation from all over the world. One of their
goals is to have sustainable efcient cities. I think it
would be well for developers to check out what the
indicators are. They have even gone to very grid-like
indicators, for example, in terms of health. How long
does a city inhabitant have to walk before they can
come to a community health centre? They have gone
very deep in terms of these indices, which you can
use to measure sustainability.
When you talk about sustainable planning for cities,
New York City has come up with a dashboard where you
can have green light, red light, where you can associate
what levels of symptoms you are at in terms of the health
of society. We don't really need to reinvent the wheel.
But of course, it's contextual; it has to be Malaysian.
Norliza: Everyone is talking about the symptoms, but
no one is talking about the remedy. Datuk Jauhari was
talking about innovation, I like that, something really
cool, I think. I'm just thinking, at the end of it all, these
symptoms, the ones that suffer the most are the peo-

ple, society and the communities. And the worst thing


about it all is that no one wants to take ownership of
the symptoms, and that's the biggest sickness of all.
No one wants to be responsible for these areas that
get sick. So the community will just continue to live
in that condition. So through all the work that we do,
we've been trying to nd a solution to how we do this.
We've been doing community improvement plans and
business improvement plans in different districts. But
what I've learnt most about it is that you don't have
one solution that ts all. But the commitment that is
needed is so high. And most of the time, you can't get
the people or agencies or the government to commit
themselves, and that is the difcult part.
So I think that at the end of the day, as communities become more advanced and aged, some age so
early ... I've seen one neighbourhood in Johor that is
aged 35. Sime Darby Propertys Subang Jaya is 40
years old. That means you did a wonderful job at the
beginning. But some townships age so fast, 25 years,
35 years, because the planning that was done in the
early stages was not so good. And you see these markets just going down. And the worst thing is that they
are in the most prime areas of a city because they
were built in the early days, whereas the new ones,
the beautiful ones, are much further away. So what
we are left with is the dilapidated part of the city, and
that is something developers now need to come back
to. You need to make sure that these communities
remain relevant, and that's the most difcult part.
Van Aerschot: I think we can learn from the symptoms
and then come back to see what the key features and
elements are at a macro level that we need to instill
based on the understanding of the symptoms so that
we don't need a doctor in the future. So my question
is, what are the key questions and elements you can
use from the symptoms that we have discussed that
we could incorporate at a macro level to avoid a doctor in the future?
Ahmad Izdihar: If you want to maintain a sustainable
community, the people will have to be involved. I think
that's the key thing be involved and love their community and create a symbiosis between them and the
environment. Once they love where they live, they will
actually take care of where they live. In addition to
that, they need education. That's where we start seeing
programmes to get people to understand. They don't
have labels for recycling. People who live in houses
say they separate [the garbage], but they don't know
where it goes after that. So they need to know. And
it's as simple as things like bicycling is a lifestyle but
it's not a major [mode of] transport. They put on their
helmets on the weekend and cycle for exercise. But
can we get them to cycle to work?
Van Aerschot: Make sure there are safe ways to get
to the ofce with your bicycle. Any other macro level
feature that is required?
Lim: I like to look at it from the economic vibrancy
point of view. In any community, you may nd that the
environment is beautiful. But if your pocket is empty,
it's no use. There should be elements that ensure there
is some form of business, be it large or small. And to
a certain extent in terms of the population at large,
the availability of jobs must always be there within
the so-called communities. Obviously, we cannot be
100% dependent on the local community. But as far
as possible, there should be vibrancy in terms of the
business community. That's very important.
People probably have to accept that while we enjoy the amenities, to a certain extent, we need to harness the three Ps people living in the community
itself, the private sector that is also making money
in the community and making a contribution to the
economy, and the public sector. We talk about a lack
of involvement of the local authorities. But the local
authorities themselves are subject to certain limitations. To support a mature community and society,
we need the cooperation of all three. To maintain all
the facilities and amenities, lets be very pragmatic. We need the funds to carry on, insofar as public

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sustainableliving
The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

If you want to
maintain a sustainable
community, the people
will have to be involved.
> AHMAD

amenities are concerned. And what formula do you


adhere to in considering what to charge the public,
for instance? And how much actually comes from the
local authorities' development fund together with the
so-called generosity of the private sector through its
CSR programmes, for instance? So I think all this together is very important. The exact formula will depend on the community itself.
Norliza: I think that on a more macro level, to avoid
the symptoms from appearing, it would actually be
good that when you are designing these areas or
townships or cities, to go back into resource management and be climatic responsive in your design.
That's the very basic. And then if you get that right
from the very beginning, your design will require even
less maintenance because you start at the very core.
Jauhari: We also have three Ps in our journey of sustainability. Our three Ps are basically the people, planet
and, of course in any company, there must be prosperity. If not, we would not exist. So as far as people
and resources are concerned, from the beginning we
start off with the basics, which is the design of any
community because you want to incorporate a lot of
initiatives that will make redundant some of these gaps
that we have. Initially, we were talking about having to
maintain drains and rubbish collection. Some property developers, as part of their sustainability design
initiatives, are also looking at waste management
so that at every house you have a so-called central
unit where you dispose of your rubbish. So you have
all these lorries that come by, they all just go to one
location rather than to the individual houses. This is
something we are looking at because at the end of
the day, if you look at the rates we are paying and the
maintenance fees, almost 70% to 80% is for collection of rubbish. As much as we can take the lead in
enhancing our design, to make sure there are no gaps
in the future, we have to work with the authorities.
Nik Meriam: People, planet and prot I just want
to add another P. The things you are talking about
are really about the tangible outcome. But there is
another P that is important peace, which relates to
security so much so that UN has set up a rst level
institute in New Delhi. It is called the Mahatma Gandhi Institute for Peace and Education for Sustainable
Development, and it is targeting the youth. Because if
you don't have peace and security, whatever amount
you put into your hardware won't matter. So that also
relates to the heartware element to things that you
provide. Security is very important.
Van Aerschot: Business cannot succeed in a society
that fails. The next question relates to costs because
organisations see a lot of young people coming into
cities. My question is whether green is affordable
and how we can avoid slums for people who do not
have much money.

Mohd Zulhemlee: I think denitely green is affordable,


because in the past we lived in a very green environment. Learn from the technologies that we had in the
past and adapt them to our current conditions. That
would be my simple answer.
Ahmad Izdihar: How affordable is affordable? If you
are saying that there shouldn't be any slums altogether, I don't think there are any more slums in KL. So, for
people who want to work in KL, the migration of people
from rural areas to the city, if we can offer them work
outside [the city], then of course they won't come in.
Norliza: How affordable can green be? Just picking
up from what Zulhemlee was saying, I think it's true.
Because if you start with the very basic and have that
in mind, then your interventions will be less and the
cost is high only when you have to intervene. That's
why it's so costly to go green, because most of the
time you are intervening, you are providing solutions
to mitigate. So if your rst design is green and that is
cheap and free, the outcomes will not be so difcult
to manage and not so costly either.
Mohammad Fadhil: The issue here is trying to show
clients, users and consumers what is cost and what
is value. But sometimes they will be blinded by the
cost. So this needs to change in a way. How the extra cost that they need to put into their sustainability
agenda, into their community, into their building, that
sorts of equates with the value of their property, value
that they get from social creation, from every aspect
of the term value.
Van Aerschot: You said if you do it in the beginning,
it's more cost-effective. My question to you is from
a multidisciplinary approach. What are the latest innovations from an engineering perspective?
Lim: Cost is a very important aspect because it is
passed on to the consumer and it ties in with affordability, especially when you talk about young families
coming into the city and looking for a home. Land
costs are high and developers will have to build vertically. There is also the issue of the size of the home.
And that brings me to the third point the cost of the
materials of construction. What kind of materials can
be used so the house is more affordable? In terms
of methods of construction, there are ways we can
make it in order to contain the costs and ensure that
it is not too high. Hence, bring it down to manageable levels where we can afford to buy a house. Here,
we will call upon the developers to come up with an
equitable formula. To a certain extent, the element of
incentive from the government has to be there. When
all is said and done, it has to be something that is actually liveable and safe.
Jauhari: I just want to add that as far as cost is concerned, this is key. When you talk about protability,
cost is key because it determines whether you are
going to be sustainable in your business. And cost is

something you talk about right from the onset of a


project. We are lucky to a certain extent because we
have economies of scale and can leverage the leading position that we have.
We are not successful by chance. It is by design. We
make it happen. And as far as affordability of homes
is concerned, we developed a Housing Affordability
Index a couple of years ago by working with University Malaya. Our goal was to try and determine in any
community what the affordability levels were. And
from there, we design our products to meet these
criteria of homebuyers. You can't control the selling
price, but you can control the cost to the developer.
And as much as we can control our cost, you must also
prevent leakages in the processes. This is something
that is at the top of my priority list making sure there
are no leakages in our operations. That would really
help us manage the price of our products.
Van Aerschot: I have a question that has more to do
with the regulations. In many countries you have different layers of regulations that make innovation and
planning more difcult. Is there a way to simplify this
through an inter-ministerial committee that looks at a
multidisciplinary approach of township development,
which includes more social housing, and so on? Does
it exist? Is it something that needs to be promoted instead of adding more layers of regulations?
Norliza: There are a few inter-ministerial committees being set up here, especially since Malaysia has
committed to reducing carbon emissions by 40% per
GDP per capita. Under the NRE [Ministry of Natural Resources and the Environment], certain initiatives have
been identied. One of the inter-ministerial committees is for low-carbon townships or green townships.
And ministries like KeTTHA [Ministry of Energy, Green
Technology and Water], NRE, and Housing are all part
of that inter-ministerial organisation. My personal experience with that kind of inter-ministerial committee
is that, for one, it doesn't meet that often. Secondly,
as a person working on low carbon, on one of the projects I am working on, sometimes our issues are not
brought up. It gets diluted because it is very high level.
So sometimes I feel that high-level inter-ministerial
committees can be somewhat ineffective because
we get a lot more done at our working level; a lot of
discussion, a lot of debate, a lot of sharing. But when
it comes to decisions, guidance or really a policy direction or a conflict of policies, for example, it needs
an inter-ministerial decision.
Van Aerschot: In Singapore, there are a lot of inter-ministerial committees and they engage with
industry on a regular basis if something needs to
be improved.
Nik Meriam: I think University Malaya is one of the
strategic points where we do low carbon but it is not
moving as fast as it should. So I agree very much
with Norliza on this issue. In fact, one of the developments on low-carbon cities is that now people are
talking beyond just the cities which, although embedded in it, will be people-centric. They are talking
about low-carbon societies because they are trying
to bring in the software element. So you may have a
framework for the implementation, but the doers are
the people. So the next step, it seems in the low-carbon cities framework, is going towards low-carbon
societies. The new denition of sustainability is not
about pillars but about circles within circles with
people in the middle, the economy in the middle,
followed by the people by the culture and so on.
Norliza: At the Pemandu level, we have this transformation body to do fast tracking. There is also another effort to look at greening and low carbon. Climate
change is one of the other initiatives. At that level,
there is a lot of industry discussion, engagement, but
again we have a lot of these organisations. So maybe
that's something that Sime Darby could probably be
one of the agencies that could actually go forward in
trying to address these gaps. We, as part of the professional NGOs sometimes nd it quite challenging
to penetrate such agencies.

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S16

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving
The Sustainability Conversation by Sime Darby Property

Building Integrated Sustainable Urban Communities for the Future

I think denitely green is affordable,


because in the past we lived in a
very green environment. Learn from
the technologies that we had in the
past and adapt them to our current
conditions. > MOHD ZULHEMLEE

We are looking into many


aspects of best practices among
professionals, including trying to
look into ... not just sustainability
but other aspects of the built
environment and communities
> MOHAMMAD FADHIL

Van Aerschot: I think we have touched on many


topics. Now if we can focus on a few on which this
group can really take action next, such as how to
drive the sustainability agenda forward through
very concrete action from this group of people.
How can we support the government? You say the
inter-ministerial committees do not meet enough.
Is there enough dialogue with the industry sector?
On what topics? Is it about building energy codes?
Is it about low-carbon society? What can we take
from what we have heard this morning forward in
terms of next action for more sustainability in Malaysia, whether it is at your construction materials
or structure and design, whether it is on planning
or other topics?
Lim: Within the Malaysian context, for most development plans, approval is at the local authority
level. We have already said that we have enough
policies in Malaysia, let alone regulations. But more
important is to translate policies into real action
plans and this must be done at the local level. It
cannot be at the higher level, for instance. So effectively, it has to be a local authority initiative; local
authorities working together with the leaders and
developers. So all have a role to play.
Md Nazri: As developers or as professionals, we
need to engage the end user. I think the top-down
approach from those days has not been successful.
I think we need to look at the bottom-up approach.
I think that as developers or professionals, the
communities we are building might not take ownership of the place they are living in, so I believe
the engagement needs to start at the very beginning. I was led to understand that there are a few
developers out there that even at the construction
stage have already started engaging with the end
user, which is something new for property development in this country.
Van Aerschot: How do we drive the agenda forward for more sustainability, maybe from the valuer's perspective? I know in Singapore, there is a
valuation community that looks into how to value
properties that are certied green. Is it something
you want to do here?
Mohammad Fadhil: I suppose so. We are always
moving forward in the region of technology, of systems and things like that. We are also trying to look
at best practices. That is what we are doing and
at our faculty [at UiTM], we are looking into many
aspects of best practices among professionals,
including trying to look into aspects of not just sustainability but other aspects of the built environment,
communities and things like that. One part we have
to look at is termed post-occupational evaluations.
What that means is that you get feedback from the
occupants when these students start, and once they
have been there for a month. Then the rst three
months and then you go back again in a year. So
from there, we have what we call 'lessons learnt'
and what can be improved or enhanced in future
projects. So that is one aspect, I suppose, in the
case of communities, that will help.
Norliza: One of the things I think should be done
is to streamline all our blueprints in terms of the
sustainability agenda. If you look at all the many
blueprints that we have transport, infrastructure
and so on there are many conflicts in between.
Everyone has the word sustainability put in their
goal setting. But if you lter down into the actions
and their initiatives, you will nd a lot of conflicts.
Take urban highways. They're trying to promote
public transport, trying to go for more rail-based
transport. But at the same time, you're building just
as many highways. So one of the things that some
countries have done is to force their policymakers
to sit down. For instance, Sydney had a sustainability blueprint and it streamlined ve other blueprints
together. And when I asked how they did that, they
said We actually sat down together in a room and

talked and discussed and streamlined everything.


That for me was amazing.
Mohd Zulhemlee: I think Sime Darby already has
many townships that can be used as case studies.
What we can maybe work on is to come up with the
data and then engage the public and policymakers,
present to them all these cases and make them
realise the value of sustainability. Even the public, when you talk to them about the value, about
dollars and cents, they will open their eyes. What
more the government? So I think this is one area
the stakeholders and Sime Darby can work together bring this case forward to the public and government so that the policymakers can understand
the benets of sustainability. The people will want
it and they will force the policymakers to mandate
it. That's what we hope.
Van Aerschot: But when you say, we should engage, who is the we?
Mohd Zulhemlee: We, meaning Sime Darby and all
the stakeholders.
Lim: Agenda 21 is looking at how we can mobilise
the public to be together with the agencies responsible to talk about the amenities and services.
Led by the developer, obviously, and the various
professions that have a hand in these industries.
So I think the way forward is more of these kinds
of forums and an open website as well, and invite
parties that are interested, be it the house owners, city dwellers or stakeholders, to be a part of a
so-called dialogue through the website. I think we
should expand the use of ICT insofar as the sustainable communities are concerned.
Nik Meriam: I think I would like to follow up on this
issue about connectivity. In the Internet of Things,
I don't know how much Sime Darby has used this
platform to get information because if you look at
Gen Y, you have to go a little bit further because
the younger generation doesn't know how to push
buttons any more. Do you realise that? They slide
things. So how do you use the Internet of Things,
not only in your development but also to get information and to get messages across? Because
the Whatsapp group or whatever other [social media] group they are in, is how they communicate
nowadays. Even in terms of teaching today, they
don't even want Power Point anymore. It should be
blended learning, it should be about YouTube and
so on. You're talking about that generation now. Of
course, at the other end of the spectrum are the
older generation and the elderly. We did a survey
on whether old people really want to move out of
cities and they said no. They want to stay in the
same house but they want it to be transformed so
that newer technologies, such as assistive technology the recording of their movements, are in
place. So this is another segment that the property developers may want to look at whether
you can transform your house as the process of
ageing goes on.
Van Aerschot: So my take on this is that there are
certain action plans that already exist that we can
streamline blueprints and sit down with the local
authorities. So this is a very good way forward.
What is your way forward and what is your view
on taking sustainability to the next level?
Jauhari: Basically, I am comforted by the fact
that the tagline that we have, which is developing
sustainable futures, developing sustainable communities, is viewed as a good tagline. This phrase
has become commonly used by many involved in
the property industry. To move our sustainability
agenda forward, we need to address the issues
and gaps that have been discussed at this forum.
We must also see what action steps we can take
with the different parties that we want to engage
with, such as the ministries, local authorities and
E
other stakeholders.

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

S17

special focus

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S18

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Eye on Negeri Sembilan

The state is the next growth area for Sime Darby Property, given its sizeable landbank

ime Darby Property (SDP) has reason to be excited about the


establishment of Malaysia Vision Valley (MVV) a 108,000ha
growth corridor in Negeri Sembilan which was announced during the recent tabling of the 11th Malaysia Plan.
With 28,000 acres (11,300ha) of landbank in the state owned
by Sime Darby as a group, the developer is poised to be a major
player in MVV, which is said to cover Nilai, Seremban and Port Dickson.
SDP is no stranger to the Negeri Sembilan property market, with projects
such as Nilai Impian in Nilai, and Bandar Ainsdale and Chemara in Seremban in its portfolio. The freehold developments, with a total gross development value (GDV) of more than RM8.4 billion, encompass 2,400 acres.
The companys foray into Negeri Sembilan began in 1997, when the
former Negara Properties Bhd (whose property development arm, along
with those of Golden Hope Plantations Bhd and Kumpulan Guthrie Bhd,
merged with Sime Darby Bhd in 2007) embarked on Nilai Impian, a 1,800acre township. Bandar Ainsdale and Chemara are more recent townships
on the Negeri Sembilan property scene, launched in 2012 and 2013 respectively.
Mohd Salem Kailany, senior vice-president of property Malaysia, says
SDP was initially focused on Kuala Lumpur and the Klang Valley with projects in Taman Melawati, Subang Jaya, and along the Guthrie Corridor.
But we expect the natural growth of the Klang Valley to cross the border
of Selangor into Negeri Sembilan. So looking at development prospects,
we felt it was time to activate our projects in Negeri Sembilan. Thats why
we are going strong there, he says.
He points out that thanks to improved accessibility, developments in
Nilai and Seremban are increasingly coming on the radar of prospective
buyers scouting for properties.
The most recent news on the formation of the MVV as well as on the
proposed high-speed rail station in Negeri Sembilan and the construction
of an integrated transport terminal are expected to give a further boost
to SDPs projects in the state.
Mohd Salem says the creation of employment centres such as Putrajaya, KL International Airport (KLIA) and the industrial areas in Nilai
eliminate the need to commute daily to Kuala Lumpur. You dont need
to travel into KL, you can live and work in Seremban and Nilai, he says,
adding that quite a number of its customers work in Putrajaya and at KLIA.
The growth of colleges and institutions of higher learning in Nilai is
another plus. These are employment centres so in a way we see Nilai
as self-contained, he says.

VALUE PROPOSITION

Over the years, property values in the state have been on an upward trend.
Mohd Salem recalls that the rst phase of two-storey link houses at Nilai
Impian were sold for RM150,000. Today, these units are changing hands
at about RM400,000.
We introduced innovative products and especially from 2010, we
started going strongly in terms of new designs for terraced houses. We
began to see new price levels of around RM400,000 to RM500,000 and
today this has moved to RM600,000, he says.
Despite the signicant appreciation, he points out that properties in
Negeri Sembilan are still more competitively priced compared with similar units in Kuala Lumpur or Selangor. This hasnt escaped the notice of
savvy purchasers.
Potential buyers see the value proposition because if you look at
property prices, a terraced house in the immediate area of the Klang
Valley such as Shah Alam, Subang or Puchong commands close to RM1
million. In Nilai and Seremban, it may be in the region of RM500,000 to
RM600,000. So immediately you see a value trade-off.
For a similar product, if you go down south to Negeri Sembilan, you
are paying 20% to 30% less compared with a property in the Klang Valley, and because of the connectivity by virtue of the highways, travel time
may be about 45 minutes into the KL city centre, he says, pointing out
that this is about the length of time it takes to get to the city centre from
other parts of the Klang Valley.

Above: Artist impression of a corner garden unit


Below: Bird-eye view of lakes and greens at Chemara Hills

Thanks to
improved
accessibility,
developments
in Nilai and
Seremban are
increasingly
coming on
the radar of
prospective
buyers scouting
for properties
> MOHD SALEM

ACCESS AND CONNECTIVITY

Beyond the pricing, Mohd Salem says that the SDP brand carries weight.
Wherever we go, we bring our Sime Darby brand, which is more than
the logo it is the built environment, the kind of products we offer, the
quality, customer service so with all those as decision-making criteria,
prospective customers do end up buying our products, he says.
SDPs sustainability ethos gives it an added edge because it
means the developer pays particular attention to the design of
the products and townships to include environmentally-friendly
features, landscaping, security, as well as improved accessibility and infrastructure.
In the case of Nilai Impian, although the development
began with industrial and affordable housing units, SDP
saw the need for greater transformation.

HARIS H

ASSAN

Nilai previously had an old interchange, so when we began developing


Nilai Impian, we thought there should be something to serve Nilai better.
So what we did was to provide a new interchange. With that, accessibility
improved, he says of the interchange that opened ve years ago. Customers and potential buyers saw a better value proposition in Nilai and
that worked in our favour, he adds.
When the developer embarked on Bandar Ainsdale, accessibility was
also at the top of its agenda. We started with the intention of being in
Seremban, but just being in Seremban without providing any additional
benets to people there would not be reflective of the value that we bring.
So we negotiated for the construction of a new interchange for Seremban, which is now called the Bandar Ainsdale interchange, he says. The
interchange was opened to trafc in July.
This interchange provides another alternative for residents, and with
that kind of proposition, Bandar Ainsdale is transformed as the rst gateway to Seremban, he says.
SDP is not stopping at that. Mohd Salem discloses that the developer
has obtained the principal approval from KTM Bhd for a commuter station
to be located in the township. Construction of the station, to be called
Bandar Ainsdale station, is expected to commence sometime in 2016 or
2017. Weve taken note of the importance of transport and connectivity,
so going forward, apart from roads, residents will have another
mode of transport, which is the train.
One of the things the developer is especially proud
of is that every property in Bandar Ainsdale boasts
22MB of high-speed broadband and in addition, WiFi
is available throughout the township. With enough
bandwidth, potentially some people can work from
home or even run an ofce from home, he says.
In keeping with the sustainable living philosophy, transport within SDP townships has not

S19

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

special focus

sustainableliving

City of Elmina:
Embracing wellness
and liveability

A scenic view from a house in Nilai Impian

In 2013, Sime Darby Property (SDP) announced the creation of the City of
Elmina a 5,000-acre development comprising the property developers
existing townships of Elmina, Bukit Subang and Denai Alam. By forming
a hub consisting of these townships and thanks to its location a few
kilometres west of Kuala Lumpur, along the Guthrie Corridor Expressway,
the developer has elevated its value proposition.
The City of Elmina is said to be the first themed development in the
country that embraces the concept of wellness and liveability.
Creating the City of Elmina has challenged us to take our positioning
one step higher as it gives us the platform to design and plan offerings as
one integrated project, says Mohd Salem Kailany, SDPs senior vicepresident for property Malaysia.
The move is also a boost for the branding of the townships. For instance,
Denai Alam offers 5km of cycling track but as it is a part of the City of
Elmina, its residents now have 90km available to them, says Mohd Salem.
The city also has two interchanges one in Bukit Subang and another
in Elmina in the Guthrie Corridor Expressway. The proposed DamansaraShah Alam Highway will further enhance connectivity to the City of Elmina,
he adds.
About 2,000 of the 5,000 acres are being developed to date with
a further 500 to 1,000 acres to be developed in the next two years, he
discloses, adding that it will be another 15 years before the mega township
is fully developed.
It is exciting because we started off on the right foot when we
looked at the master plan, the highways were there, the interchanges were
there, so there was already connectivity to the township. It was just a
matter of our creativity to offer extra features, such as enhancing the built
environment and being innovative in our products.

Themed township

QUICK FACTS ON
NEGERI SEMBILAN
TOWNSHIPS
Nilai Impian
1,808-acre mixed-use
development comprising
residential, commercial and
industrial properties
GDV RM5.9 billion
Commenced in 1997, expected
completion 2020

Bandar Ainsdale
562-acre residential and
commercial development
GDV RM2.3 billion
Commenced November 2011,
expected completion 2020
Name derived from the original
plantation name Ainsdale
Estate

Chemara
44 acres, superlinks, semidees
and bungalows
GDV RM246 million
Commenced 2013, expected
completion 2018
Name derived from Chemara
Research Station established in
1929 by Kumpulan Guthrie

been overlooked. Within a township, when you drive from one place to
another, you are emitting a lot of carbon. So when we plan a township, we
allow for walkways, jogging tracks and bicycle lanes because we want to
encourage the community to use alternative means of transport, he says.

MORE IN STORE

On the developers plans for its townships in Negeri Sembilan, Mohd Salem says at Nilai Impian, the intention is to bring in more exciting commercial products. We have just started working on about 100 acres of
land which will be turned into the new Nilai Commercial Centre. This has
direct view from the highway and is directly connected to the interchange
here we are planning for a mall or hypermarket as well as car showrooms, sales and service centres, and boutique ofces, he says. In addition, the developer plans to launch more residential units on a 400-acre
parcel sometime next year.
Meanwhile, the developer is pleased with the encouraging take-up to
date at Bandar Ainsdale. Half of the development has been launched and
it has secured a take-up of 90%. The properties are already seeing some
capital appreciation.
We recently handed over the rst phase of development. When the
two-storey link houses were launched, they were priced at RM250,000 to
RM300,000 and today the asking price for these units is RM400,000. But
beyond capital appreciation, we are proud of whats gone into creating the
environment such as the open space, community hall, place of worship
and this township is gated with a perimeter fence, he says.
At SDPs latest development in the state, Chemara in Seremban, Mohd
Salem acknowledges that take-up for the upmarket properties will not be
aggressive. The superlink units here are pegged at RM700,000 and the
semidees are RM1.4 million, which he says sets the price benchmark for
the state.
We are not expecting aggressive take-up because of the premium
pricing but once we bring customers to the site, they see the value and
are convinced, he says, adding that the lake and clubhouse have already
E
been completed.

The City of Elmina aims to encapsulate eight elements of wellness: social,


environmental, intellectual, family, occupational, physical, emotional and
spiritual.
The township was developed in line with the Mercers Quality of Living
Survey, which measures liveability based on safety, education, hygiene,
healthcare, culture, environment, recreation, public transport and political
and economic stability.
What will set the City of Elmina apart from other townships and in
keeping with its wellness and liveability theme is its 300-acre park that
extends from an adjacent 2,700-acre forest reserve.
The park will be the anchor of other amenities and facilities in the
township, including a dedicated and demarcated 90km cycling track and a
well-marked marathon distance (42km) jogging or walking track. Because
the entire township and the precincts within it have been designed to be
seamless, residents will be encouraged to go for walks or to cycle, says
Mohd Salem.
Safety and security features are a key part of the design process of
the township, offering peace of mind and facilitating both physical and
emotional wellness.
The 2-storey terraced houses in the township will boast a modern
plantation housing-inspired faade with high fixed louvres that offer
privacy, an open layout that combines the living, dining and dry kitchen
areas for an optimum liveable architecture, a dedicated pedestrian walkway
with a covered entrance and stepping stones linking the entrance foyer to
the road, a covered porch for two cars and a comprehensive garden area at
the back of the house.
In addition, SDP is committed to offering activities for its residents
and the public at large, such as cycling events, family day and running or
jogging competitions. These are aimed at solidifying the City of Elmina as a
township that promotes a healthy and balanced lifestyle.
A mountain bike jamboree and race that was held recently saw the
participation of more than 2,000 cyclists from various age groups.

Aerial view of City of Elmina

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S20

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

From spaces to places

Sime Darby Property sees the creation of places or place-making as a means to elevate the quality of life in cities and, in turn,
foster stronger community ties and pave the way towards a sustainable urban future

Artist impression of place-making at the Battersea Power Station

t is a sunny Sunday morning and you and your neighbours are kitted
out in cycling gear ready to explore the neighbourhoods vast network
of cycling tracks. Whole families are out for what promises to be a
great day out, and when the activities are over, you might head to one
of the many cafs in the neighbourhood to chat about the days events
or the goings-on in the community. The conversation might revolve
around the organising of the arts festival, drawing up suggestions for the
local council on the management of a particular environmental issue, or
it could simply be a laid-back chat among neighbours.
For Sime Darby Property (SDP), such a scenario is well underway to
becoming a reality in the townships and communities it is creating, and is
a key goal of the developers place-making agenda. Senior vice-president
of property international Zulkifli Tahmali says that at its core, place-making is about community building and sustainability, and it encompasses
the economy, society and environment.
At SDP, place-making means creating places with character and

MO

HD

AN
IZW

MO

HD

A
NAZ

Place-making
means creating
places with
character and
identity, creating
memorable
places that
instil a sense of
ownership and
belonging.
> ZULKIFLI

identity, creating memorable places that instil a sense of ownership and


belonging, creating equitable places for all cross sections and walks of
society, creating places for gathering to foster a sense of community,
creating safe and comfortable places with easy accessibility, creating
mixed or multiple-use developments, creating places that stimulate the
senses, and promoting the SDP brand experience.
Developers normally build infrastructure buildings, roads, drains,
but those things are soulless. When we put people into them, then there
is soul but if the infrastructure or design of the buildings is not conducive to living, for businesses and for people to gather, then people will
just retreat into their homes.
We want to make places for people in an ofce or commercial development, we look at how ofce users can get together, share ideas
and socialise, he says pointing to the development where SDPs ofces are located. Take Oasis Ara Damansara previously, we may have
designed this as shoplots and shopofces and the only thing that could
create a place is a coffee shop or something like that, which is one aspect of place-making. But here, there is the piazza (with retail outlets
and eateries) and if you go during lunch and after hours, the vibe and
buzz are fantastic, he says.
The concepts behind place-making are not new, having originated in
the 1960s, when writers such Jane Jacobs and William H Whyte in the
US offered ideas about designing cities that catered to people, not just
to cars and shopping malls. Their work focused on the importance of
lively neighbourhoods and inviting public spaces.
A recent research by the Massachusetts Institute of Technologys Department of Urban Studies and Planning says that place-making practice
has had many goals over time, but at its core it has always advocated a
return of public space to people. The research pointed out that the notion
of creating great, social, human-scale places is not new, and is evident
in the canon of important public spaces, from the agora in Greece with
its role as marketplace and public speech arena to the New England town
common with its meeting house supporting democratic government.

COMMUNITY IN MIND

At SDP, Zulkifli says it was around 2011 that place-making became a priority. We are community builders, we create communities but the denition is no longer townships like Subang Jaya (which is about 40 years
old) today, the population is different, the level of affluence is different,
people are more aware that they want to belong and identify themselves
to a place ... after all, where you go is who you are, he says. Prospective
buyers are demanding such a lifestyle and they do not mind paying more
to live in these place-making enabled developments, he notes.
And we are responding this is our strategy, everything we do must
have the community in mind. We create places not just spaces; this
thinking permeates all our processes and design guidelines, he says.
Place-making, he explains, starts at the inception of the development

S21

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

special focus

sustainableliving

Artists impression of the


Battersea Power Station
project ... from the Battersea
Power Station experience, SDP
has gleaned lessons that can
be put to use in its Malaysian
place-making eorts
by truly understanding the contextual landscape of the site including
the landscape and topography, built form character and socio-economic context.
Using the 5,000-acre City of Elmina as an example, he says there are
90km of jogging, walking and cycling tracks. There are bicycle lanes in
the street network so that different levels of society can enjoy this public
amenity, from families to cycling enthusiasts or cyclists in training. We
also have a 300-acre regional park and planned for a 250-acre mixeduse town centre, he says of the township that has been designed as a
wellness hub.
Zulkifli says these features are only possible when the developer
has a thorough understanding and analysis of the existing context. We
study the topography and because of that, were very aware of the forest
reserve so drawing from that natural asset, it becomes the inspiration
and guide to how we create the place.
Its also understanding the historical landscape and built form. At
Elmina East and West, the architecture and built form have drawn a lot
of inspiration from the architecture thats already there, so you dont
bring something completely alien such as colonial or Spanish architecture but instead plantation homes, and that in itself is very responsive
to the environment.
Transport forms a large part of successful place-making efforts. If
previously the developer had focused on building roads and siting its
developments near interchanges, today the focus is on capitalising on
the potential growth of mass transport systems such as the LRT, MRT
and Bus Rapid Transit (BRT).
If you look at Elmina, we have a 300-acre park and next to it is the
250-acre commercial area that has been designed to accommodate BRT
and MRT extensions its denser, so that it can support a transit-oriented
development (TOD), says Zulkifli.
TOD is another place-making effort, he says, pointing to the few TODs
the company already has under its belt, such as Ara Damansara and Putra Heights. We are lucky in that the extended LRT line goes through
all our developments and in the case of Putra Heights, both LRT lines
(STAR and PUTRA) converge here and we have 50 acres of land yet to
be developed, which can be a true TOD centre.
Whenever you have any kind of transport node, what you want to
do is build a lot of density within 400 metres of those nodes (because
it takes less than 10 minutes to walk to these developments from the
station) and high density is needed to support the transport services,
he says, adding that sustainable communities are largely born out of
integrated mixed-use TODs.

PLACE-MAKING AT THE BATTERSEA


POWER STATION PROJECT

Of all of Sime Darby Propertys (SDP) place-making initiatives,


the Battersea Power Station project in London offers the most
examples of how this has been brought to life.
The 42-acre mixed-use development, says SDP senior vicepresident of property (international) Zulkifli Tahmali, boasts
1.2 million sq ft of net lettable retail space, 1.4 million of
commercial space and some 4,000 residential units. In addition
to the 6-acre park on the banks of the River Thames, there is a
proposed Tube station (Battersea Tube Station), all of which are
ingredients for bringing the place-making ethos to life.
Elaborating on the successes of place-making thus far,

He points out that a single-use development cannot sustain a place.


The township model was promoted in the mid 20th century, but that
model has evolved because of pressures on land, oil and gas, health and
wellbeing. Weve taken all that into consideration in our new townships,
so all our new developments are designed with integration, transit-oriented and place-making objectives in mind.
Apart from the City of Elmina, SDPs place-making initiatives can be
seen at KLGCC Resort. Here, SDP is building a spine road that connects
all the development parcels with nodes for resting and gathering, a
2.8km pedestrian and bicycle network connected to the 245-acre Bukit
Kiara Forest Reserve. Over at SJCC-East in Subang Jaya, the developer
is creating a TOD that promotes walkability, featuring a boulevard with
pedestrian and bicycle tracks that lead to the new LRT and KTM station,
as well as a linear park with areas for resting and congregation.

COLLABORATIVE PROCESS

For place-making to succeed, all stakeholders have a role to play. Zulkifli says engagements with transport authorities such as MRT Corp and
Prasarana Malaysia Bhd are continuous as are discussions with the
various local authorities.
More importantly, the communities themselves have a role to play. The
creation of a place has to be driven by the community, and a sustained
activity and events schedule through the community is vital, he adds.
And to that end, community engagement is vital. Every development
is part of an existing context and society. Engaging with the existing community ensures a better insight into the existing communitys concerns,
aspirations and ambitions, he says. Whats more the existing community
becomes part of the new community that will grow in the new development, which serves to further strengthen the community of the place.
He concedes that one of the challenges of place-making is getting
the buy-in from stakeholders. Its important to create the awareness of
what is place-making, and convincing stakeholders that this is something good.
But there are bright spots and signs that place-making is making its
way in SDPs developments. At Bukit Jelutong in Shah Alam, for example,
the residents association is very active, Zulkilfli points out.
We engage with them and they too are active in organising events.
Each year, there are 8 to 10 events which we support such as cycling
events, tree planting, carnivals. So, although in the beginning many of
the events are initiated by the developer, once all the infrastructure is
in place, the community will take ownership the handing over of the
E
baton happens.

he says a placebook has been produced, which outlines the


approach taken to create an original, memorable, vibrant and
liveable place.
In addition, we have a community charter this is what we
promise the community, for example, place design, connectivity
and access, safety, transport and accessibility, technology and
networking, governance, existing communities.
In Battersea, as far as community engagement is concerned,
we have also created the Battersea Academy of Skills and
Excellence so that we can train and hire skilled workers from the
community, says Zulkifli.
This, he says, is crucial. You work with the local community,
create employment, build a community with skills ... In terms of

place-making, this is important because they are a part of the


Battersea story, and it reinforces the goal to become part of the
community.
He adds that the developer has strong community
engagement programmes that include the local schools, housing
estates and local authorities.
From the Battersea Power Station experience, SDP has
gleaned lessons that can be put to use in its Malaysian placemaking efforts. These include the importance of community
engagement and that feedback is heard and considered, that
activity plans and events are drawn up based on the needs of the
community, and that the local council is supportive and activities
are drawn up with the input from the local council.

special focus

S22

DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

A sustainable employer

Managing director of Sime Darby Property Tan Sri Dato Seri Abd Wahab Maskan
(second from right) with the Aon Hewitt Best Employers Award

On managing the Gen Y workforce, Ammar says the companys individual development plan has proven effective in retaining this segment
of the workforce. Millenials are ambitious, and when they see that there
is a concrete plan for them to progress, they feel good, he says, adding
that Gen Y makes up 40% of its 1,750-strong workforce.
We also look at leadership engagements between the employees
and the managing director such as the HOT (honest, open and transparent) Latte sessions where employees get to voice their opinions,
concerns and come up with interesting ideas for the company. Their
concerns and ideas are noted, and issues and ideas reviewed for
us to act on. This allows employees to feel appreciated and that
their ideas are important to the business, he adds.
The other leaders in the company separately also have their
own engagement sessions with the employees. For example, the
head of property Malaysia will conduct engagement sessions
whenever he visits the various townships.
Apart from these initiatives, SDP has repositioned its rewards
philosophy where the total rewards and remuneration are at the
75th percentile or near the top end of the market, says Ammar.
Therefore, employees are provided with justied and competitive
rewards to drive results and encourage behaviours of high performance.
The company has put in place a performance
management framework throughout the
entire organisation. Dubbed Ensuring
Performance Sustainability (EPS), the
framework comprises several components alignment or linking of key
performance indicators and competencies to strategic business goals,
performance calibration to discuss and
distribute employees performance,
which is benchmarked against a xed
performance curve, and award differentiated total rewards for top performers.
The purpose is to improve business results with sustainable performance, and make us attractive to
potential employees. Apart from that,
we live up to our sustainability ethos
by having initiatives that promote
health and safety, and well-being in
the work environment, he says. E

We come up
with individual
development
plans to track
talents.
> AMMAR

SUHAIMI YUSUF

ime Darby Propertys (SDP) efforts to nurture a rigorous and


robust talent management and reward philosophy bore fruit
this year when it was given the Best Employers Malaysia 2015
award by Aon Hewitt, the global talent, retirement and health
solutions provider.
The developer was among only nine companies in Malaysia to win the award, which recognises employers with committed and
high-performing employees, as well as sustainable business goals for
success. The award to SDP also comes on the heels of two other recent
wins by holding company Sime Darby Bhd the only Malaysian organisation to receive awards for both Global and Southeast Asia 2014 Aon
Hewitt Top Companies for Leaders.
The Aon Hewitt Best Employers award is accorded based on results
from an in-depth study that surveys employees. Established in 2001,
the programme has become the most comprehensive study of its kind
in Asia, with Malaysia being one of the 12 markets surveyed.
SDP head of human resources and administration Ammar Ghazali says
the win reflects the organisations commitment and ability in developing
and maintaining a competent, competitive and sustainable workforce to
drive its business forward. We see our employees as assets. We want
them to work with us and grow with us.
He says as an employer of choice, SDP leads the way with its series
of people initiatives designed to drive change and improve performance.
These include a new performance management framework and competency model, talent and succession management programmes, a new
rewards philosophy as well as learning and development programmes
that address competency gaps and are aligned with the groups business direction.
The companys human resources transformation journey began in 2010
when it identied a clear road map aimed at, among others, fostering
strong individual and organisational performance, focusing on talent and
leadership development, and identifying, attracting and retaining talent.
Elaborating on its talent management initiatives, Ammar says to recruit
talent, today the company uses competency-based interview techniques
to gauge how competent a candidate is in delivering certain tasks. We
have also come up with our own leadership competency framework so
at the interview, we look out for these competencies, he adds.
Candidates for senior management positions are sent to external
assessment centres to suss out their potential. A rigorous approach is
implemented that includes online questionnaire, interview with a consultant and in certain cases undertaking case studies.
For existing employees, Ammar says all levels of the management
from junior to middle and senior management undergo yearly assessments. This is to ensure that we have a pool for succession we
gauge to see if they are high capability employees or solid contributors.
High capability employees are handled with care, they are given special attention in terms of development and career progression. They
are provided developmental opportunities beyond classroom training,
for example coaching, job rotation and project exposure and overseas
assignments to large projects such as Battersea in London.
We come up with individual development plans to track these talents through the group talent council that sits every six months, he
says adding that the council chaired by the managing director is made
up of the senior management team, and among others looks at whats
required to develop the talent identied.
We also track the readiness of the talent to take on new roles and
see if intervention plans are required. Overall, its a good way of tracking
the development of the individual because both the staff involved and
the immediate manager need to sign off on the plans, he adds.
Training and development is another integral part of SDPs talent
management. In a year, RM3 million to RM4 million is allocated for this
purpose. The company is paying particular attention to certifying its
employees. Through a tie-up with Universiti Teknologi Mara, to date, 50
employees have completed certication for contract management and
project management, says Ammar.

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sustainableliving

Incorporating sustainability
in township design
If you fail to plan, you are planning to fail. So goes the adage
on the importance of thought and preparation to ensure the
success of an endeavour, and Sime Darby Property (SDP) is
a rm believer in that.
As a developer driven by sustainability as a philosophy, it has specic guidelines on urban design, built form and standard design and
specication in place to ensure that its values are incorporated in all
the townships and developments.
Chung Chai Yin, vice-president and head of product development and
innovation, explains that the urban design guidelines are used during the
land planning stage to ensure that all good practices are translated into
the master layout plan, whereas the built form guideline focuses on the
product. The design standards and specication guideline meanwhile,
describe the modular and spatial requirements that the developer has
for its properties.
It starts with the big picture. And every step of the way, we pay attention to sustainability because we want people to live in our houses
for a long time. Should they upgrade, we hope that they will upgrade
to a Sime Darby property, says Chung, pointing out that the guidelines
encapsulate the core values of the brand. These values are underpinned
by the companys vision, heritage, integrity, reliability and concern and
care for the environment.
Its important that all our products live up to the brand customers
have expectations and its important that the trust is there, she adds.
Chung and her team of architects and town planners work closely
with the land planning and infrastructure teams at the initial stage and
the customer relationship management team during the handover stage
for feedback on the nal product. The design guidelines also serve as
a manual for the developers consultants, vendors and suppliers.
Elaborating on the guidelines, Chung says the urban design guidelines cover the topography of a proposed development and focus on
safety and security, landscape design, functionality and user comfort.
For example, if there is a nice jogging track, then this encourages
people to walk more and be more connected to the environment, and if
there are open spaces, then people are more engaged with the natural
environment, she says.

The urban design guidelines are used right from the planning stage of any product

SUHAIMI YUSUF

Every step of
the way, we pay
attention to
sustainability.
> CHUNG

More often than not, she points out that SDP goes the extra mile.
For example, although the local authority requires 10% of a development be set aside for open spaces, at Elmina West, SDP has set aside
16%. Were willing to sacrice density to give our customers more
open spaces.
She says that the guidelines also ensure that placemaking is promoted. At Bandar Universiti Pagoh, for example, we created a sales
gallery, which then became a place for people to gather, she says.
Given that SDP is expanding its reach beyond KL and Selangor, connectivity and accessibility are a priority, she says.
The 11 principles of the built design guidelines, meanwhile, focus on
the product, starting with the theme, the location of the buildings, landscape and fences, the built form, building faade and entrance, private
open space, visual and acoustic privacy, and materials and nishes.
From the sustainability aspect, we look at, for instance, the building
orientation and ensure that the windows offer good lighting and ventilation. We also ensure that the space is flexible to suit growing families,
and at the same time we look at future-proof designs, she says, adding
that the latter concept is incorporated into its newer apartment developments. We also create the kitchen as the heart of the house to
encourage interaction among the whole household.
More detailed aspects of the propertys design and offerings are steered by the standards design and specication guidelines, which look at elements such as
hierarchy of spaces, the sizes of the rooms, layout
and nishes.
The design guidelines, which were crafted and
documented in 2012, have since been implemented
at all of SDPs developments.
Chung says that while cost is a factor, customers
appreciate value, and sustainability is part of that value, which we look into when designing our products.
As part of SDPs sustainability mission, she says the
Sime Darby Idea House a prototype house
conceived as a test bed for new ideas on
green living has proven to be a success.
To date, 50 good features from the
Idea House have been incorporated in
our products. These include modular
design, low volatile organic compounds
paints, rainwater harvesting and roof
insulation. And these have been incorporated at Denai Alam, Putra Heights
and Bandar Ainsdale, she discloses.
Chung and her team pay attention
to global trends and seek out inspiration both locally and overseas. E

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DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Putting customers rst


Customer rst is about putting customers at the forefront

We are driving
home the
message at the
townships that if
you want to hand
over the house, it
should be as good
as it can be. One of
the questions we
ask is: Would you
be proud enough
to hand over this
house to your
parents?
> JAMES

SUHAIMI YUSUF

Customer service is integral to what we do its not an add-on


or icing on the cake, it is the cake, says Kit James, Sime Darby Property (SDP) head of customer service transformation
programme. Although customer service has always been important to
the property development company, the past 18 months have seen it
brought into sharper focus. There was an understanding at the board
level of the importance of customer service. Sime Darby is a very connected business in Malaysia and the region and I think that the board
understands that although we have a strong brand, we cannot be complacent about that, he adds.
It was with this in mind that SDP embarked on Customer First a commitment to elevate the standard of customer engagement and services
across the organisation, beginning last year with internal stakeholders
and more recently at the townships and communities. The Customer First
logo is prominently displayed at the sales ofces and in the companys
marketing collaterals.
The Customer First logo drives home the message that they as the customers are important. At its simplest level, Customer First is about putting
customers at the forefront of everything we do. That can be from business
strategies, day-to-day operations, products and every part of the value chain.
It covers operational excellence, people, and the pure customer engagement
side of things its really an umbrella term for what were doing, says James,
who was brought in early last year to develop and execute the initiative.
The initiative began with the training of SDPs people. The rst thing we
did was look inward because there is no point having customer engagement exercises if you dont have an intrinsic understanding of every level
of the business, says James, adding that this included two-day leadership
workshops with all heads of departments, head of township and senior management as well as more than 20 full-day workshops for executives. Weve
trained individually probably 60% to 70% of the business in just over a year.
The leadership workshops, James explains, looked at explaining the
concept of Customer First through a series of role-plays and proactive discussions, which made people understand each others roles better. This,
he says, is crucial to avoiding nger-pointing when something goes wrong
or if there is an issue.
I am very anti any form of blame culture, so some of the key messaging
is the importance of everyone working together to achieve a common goal.
Its easy for people to think that customer service is about CRM (customer
relationship management), sales and those on the front line but no, its
about everyone because if someone in the front line is trying to help the
customer and someone in the back line is not necessarily facilitating
that, then the person in the front line cant do his job.
Training, he adds, is an ongoing process to ensure that Customer First
is embedded in the company culture. The company recently rolled out
the Customer First Service Champions programme, featuring training
sessions targeted specically at the customer service teams. We have
motivational psychologists and we have selected a group of people who
are in the townships and who are customer-facing as the rst service
champions, and they get very specic training, he says, adding that they
then go on to become agents of change within the organisation.
James adds that the Customer First mentality is embedded in the work
culture and operational excellence is key to ensuring happy and satised
customers. We have reduced our ageing defects by 90% in the last 16
to 17 months because to me, if its something that is xable, then it
should be done immediately.
We are driving home the message at the townships that
if you want to hand over the house, it should be as good
as it can be. One of the questions we ask is: Would you

be proud enough to hand over this house to your parents? Its a good concept to understand, he says, adding that the message is also driven home
to SDPs contractors and consultants. We say if you want to work for us,
this is what we expect Customer First is not negotiable, our customers
matter and they are of the utmost importance to us, therefore dont hand
over houses that are not perfect. As a result of these messages and engagement sessions with the various teams and stakeholders, James says
there has been a quantum shift in attitude.
The use of secret shoppers has also been vital in zooming in on areas
that require improvement. This is where someone goes in and attempts
to be a customer and we get very honest and direct feedback on the performance of our people at various touch points, whether its sales, nance
or legal, says James. In addition, the company undertakes in-depth interviews with select customers to obtain feedback on SDP as well as how the
company compares with other developers in the region.
Over the past year, the company has also tweaked its existing Customer Service Index shifting the areas of focus towards gauging the service
experience, and rebranding it as the Customer First Index.
The index measures customer service on seven touch points that include the marketing and sales experience, purchase experience, handover
of property, defect rectication and township staying. We also tell each
township what their scores are, and this healthy competition among the
townships also helps to drive the Customer First agenda, says James.
Although the adoption of Customer First has been smooth, he concedes
that there have been some challenges. If you have a massive breadth of
portfolio and are trying to drive a level of customer service across a large
organisation, there are of course, challenges, but so long as people can
see that your intentions are good and that your desire is to constantly promote this agenda of putting customers rst, then we are on the right track.
Many of the leadership workshop participants do arrive thinking, Why
am I here? but none of them leave thinking that. They all understand the
importance of putting customers rst, he says.
The support from the top management, in particular SDP managing
director Tan Sri Abd Wahab Maskan and acting managing director Datuk
Jauhari Hamidi, has been instrumental in the successful rollout of the initiative. They realise that we must continue to drive that brand, invest time,
money and effort into continuous improvement because I dont think
anyone is ever good enough.
James hopes that through Customer First, SDP will be considered to
have the best customer service in the country. What we want is for
our customers to be our brand ambassadors and our customers
to tell people that our service is exemplary, he says.
He believes that such an achievement can be accomplished,
thanks to the attributes within the organisation. I see very
talented, capable people and I see that in a short
space of time, weve moved the dial quite a lot.
The key lies in engagement if people see
that you care enough to listen to them and
you follow up and make sure you do what
you say youre going to do, then there
are not many problems that cannot
E
be overcome.

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DIGITALEDGE DAILY | SEPTEMBER 1, 2015

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sustainableliving

Advocating low-carbon cities

anagement guru Peter Drucker is often quoted as saying


that you cant manage what you cant measure. What he
means by this is that you wont know if you are successful
unless success is defined and tracked. In the same vein,
given its emphasis on sustainability, Sime Darby Property
(SDP) has, since 2010, put in place an index to measure
the sustainability of its townships and business units.
SDP head of sustainability and quality management Mohd Pouzi Che
Nik says the townships are assessed twice a year, based on the stages
of development.
The index Susdex measures the sustainability of a township
from its vision plan until its completion and handover. Already in its third
version, it is now called Susdex Plus and based on the Global Reporting Initiative Framework. It covers the three key pillars of sustainability:
people, planet and prot.
The index has been acknowledged by independent sustainability adviser Forum for the Future, which is headed by Sir Jonathon Porrit. Forum for the Future is a non-prot organisation that works globally with
business, government and other organisations to tackle complex sustainability challenges.
The index drives all our sustainability initiatives. And since we came
up with it, weve been improving on it and have made it more of a science so it is a guide for our planners, contractors, suppliers and other
stakeholders, says Mohd Pouzi.
He adds that since SDP embarked on Susdex, the townships assessed Nilai Impian, Bandar Bukit Raja, Melawati, USJ Heights and
Putra Heights rated gold. Denai Alam, Bukit Jelutong, Ara Damansara
and Planters Haven rated silver.
A large component of the index is the advocacy of low-carbon cities.
We start off with the Susdex indicators and from there, we ensure that
the design of our townships covers various aspects of low-carbon cities,
be it design, technology or management, explains Mohd Pouzi.
SDP has also carried out programmes and initiatives towards creating low-carbon cities. These include the monitoring of land cleared and
developed, having an energy reduction exercise through the Lean Six
Sigma processes of continuous improvement and initiating a carbon
sequestration programme.
Carbon sequestration involves the removal of carbon from the atmosphere by carbon sinks such as oceans, forests and soil. One way of
increasing carbon sequestration is by having new forests.
At SDP, this is where the Tree-to-Tree project comes in. The project
involves having a live calculator to keep tabs on the number of trees
felled in a particular area for development and the number of trees planted
following the principle of one tree planted for one tree chopped down.
Here, we work with our landscape architects to ensure that this is
adhered to. We also refer to a threatened forest species handbook and

We start off with the


Susdex indicators and
from there, ensure
that the design of the
township covers
aspects of lowcarbon cities.
> MOHD
POUZI

T.R.E.E programme
implemented
throughout Sime Darby
Property townships

CULTIVATING THE
NEXT GENERATION
Sime Darby Property (SDP) plans
to expand its Young Sustainability
Ambassador programme to the
children living in its townships,
to create greater awareness
of sustainable living and
environment-friendly activities.
The programme was launched
in 2013 and targeted at the
children (7 to 17 years of age)
of SDP employees. Since then,
membership has grown from 100
to 230.
We hope that by 2020, we
will have 1,000 members, SDP
head of sustainability and quality
management Mohd Pouzi Che
Nik says, adding that from its
2015/16 financial year onwards,
SDP will reach out to residents
of its townships, particularly the
children.
One of the programmes
is Sustainabili-Tea, which
began in January in Nilai Impian,
Negeri Sembilan. It focuses on
community engagement, and the
topics discussed included health,
especially teaching the young to
eat healthy, and safety.
At the event in January, the
focus was on healthy living.
Celebrity chef Ili Sulaiman
gave a talk on healthy eating
habits and conducted a cooking
demonstration. Residents were
also offered health and dental
check-ups.

MO
HD
AN
IZW
MO
HD
Z
NA
AM

work with FRIM (Forest Research Institute Malaysia) and ILAM (Institute
of Landscape Architects Malaysia), especially with regard to the replanting of trees, says Mohd Pouzi.
There are also activities aimed at reducing the companys carbon
footprint. These include the T.R.E.E (Together in Restoring the Earth Environment) project, a tree-planting programme in its townships with the
involvement of the residents.
We collaborate with the residents associations and local authorities
to promote the sustainability agenda. The response has been very encouraging. At every township where we had the event, 300 to 700 families took part in the tree planting, he says, adding that the initiatives are
seeing results. Although there was an 85% increase in carbon emissions
between 2009 and 2014 due to SDPs organic growth and development,
2013 to 2014 saw a 9% dip.
It shows that we are managing the land clearing well, in that we do
not clear a thousand acres at one go, but rather a small portion, then
build and landscape, before moving on to the next parcel. Carbon emission intensity also rose 18% between 2009 and 2014. But from 2013 to
2014, there was a 24% drop. This shows proper collaboration between
infrastructure and building works.
By 2020, the target is to reduce carbon emissions intensity by 8% against
2009 baseline. To achieve that, the carbon sequestration initiatives need
to be stepped up. Towards this end, SDP is in the midst of collecting data
to establish the baseline in measuring carbon sequestration. It plans to
work with consultants and institutions of higher learning such as Universiti Malaya, Universiti Sains Malaysia and Universiti Teknologi Mara.
Mohd Pouzi acknowledges that the success of the initiatives relies on
the involvement of the residents. To create awareness of the importance
of reducing carbon emissions and moving towards zero-carbon cities,
a communication unit has been set up within SDPs Sustainability and
Quality Management Department.
The new unit will work with the sales and marketing and corporate
communications departments so that every township will have a sustainability communication plan.
We have started engaging with the residents, beginning with a survey
on their awareness of sustainability activities that we have embarked
on. From there, we will undertake benchmarking to see where the gaps
are. Then well begin to communicate and engage with the residents,
he says, adding that one of the rst things introduced is a sustainability
corner at the companys sales galleries.
We want to be transparent in how we measure quality and sustainability, and the tools that we use and in future, we would also like to talk
about Susdex and the plans we have for the townships to improve their
ratings perhaps moving towards achieving platinum.
He says the initial feedback from the survey reveals that most residents
are aware of the activities undertaken by SDP but not how they can bring
value to them. So, thats the next stage creating awareness that sustainability makes good business sense and gives value to ones property.
Apart from advocating low-carbon cities, SDP gives priority to other
areas such as health and safety, which are also incorporated in Susdex.
We ensure compliance with the legal requirements and pay attention to
how we manage the safety of our workers, from the access of workers and
vehicles to safety measures and messages. Every month, we also have
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health, safety and environmental reporting, says Mohd Pouzi.

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DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Rural electrication

BY ANITA KANDHAVEL

n many parts of the world, people still live in darkness. In fact, approximately 1.3 billion people or about 18% of the world population have
no access to electricity. With the lack of such an elemental necessity, their living conditions and lifestyles are shaped by the number of
daylight hours they get and the amount of fossil fuels they can afford.
All this in an era when in other parts of the world frivolous teenagers have been reduced to desperate wrecks because their parents reprimanded them by suspending their internet access, or horror of horrors,
their Facebook accounts!
Most of us would do no more than to acknowledge these numbers and
facts as an unfortunate but inevitable incidence of poverty, secure in the
knowledge that we are not personally affected by the deprivation of such
a basic need. Not so in the case of Manuel Wiechers and Gerardo Ruiz
de Teresa, two bright engineers who met in 2009 during an internship
programme with General Electric in their native Mexico.
Upon discovering that about 600,000 households in Mexico (about
2.7% of the population) had no access to the electricity grid, the duo resolved to address this deciency. (In comparison, according to the World
Bank, 99.4% of Malaysians had access to electricity by 2009).
First, they roped in six other like-minded graduates to join them in their
quest. With eight cooks in the kitchen, so to speak, there was certainly
no dearth of ideas bubbling in the creative cauldron. Some wanted to
create an enterprise that was economically sustainable. Others wanted
to create a project where technology development was the primary focus
and a few campaigned for the creation of programmes which advocated
technology as the platform for social development.
As you can see, technology was the link between them. Their initial research and study trips taught them that solar energy initiatives in
rural parts of India and Africa were receiving positive outcomes. After
Wiechers attended a conference in Canada on renewable energy and its
correlation to development, the team was convinced that distributed renewable power would be a critical component in its initiative to promote
social development.
Recognising that a reliable energy supply can have a direct impact
on health, poverty, education, the environment, security and even gender
equity, the eight bright engineers, aged 22 to 26, co-founded Ilumxico
in 2010, Rodrigo Moreno, marketing and communications coordinator
for Ilumxico, says in a recent email interview.
Ilumxico is a social enterprise that promotes community development by way of energy access through solar-powered home systems
for rural communities. Mexican families who have no access to the grid
normally illuminate their homes using candles, diesel or other sources
of light which are not just harmful to their health and detrimental to the
environment, but are also costly.
Ilumxico basically seeks to replace such hazardous energy sources
with a sustainable solar technology that is fully autonomous and independent of the grid, by means of microcredit nancing, says Moreno.

THE POWER OF SOLAR

The company designs, manufactures and assembles solar-charged


controllers and a choice of solar-powered systems. After assessing the
needs of a customer, Ilumxico delivers solar solutions that range from
two light-emitting diode (LED) bulbs and water pumps, to providing electricity for schools, clinics and community centres.
Each system comprises four central components, including the solar panel, the charge controller, battery and light bulbs. Sunlight passes
through the photovoltaic cells in the solar panel and is converted into

electricity. The current flows into the charge controller which harnesses, regulates and releases the electricity that charges the battery. With
electricity now readily available from the battery, users can access their
needs at any time.
Our charge controller Prometheus is the brain of the system
which allows electric energy to be discharged continuously over 24
hours. After comprehensive discussions with various rural communities,
we ascertained their key requirements and then specically designed
Prometheus to operate compatibly with our solar systems based on the
needs of these rural users who experience energy poverty, says Moreno.
The charge controller allows them to save the energy in a battery
and select between three intensities of light depending on which activities they need it for. With a fully charged battery, the lower intensity can
provide users with more than 80 hours of electric light. The medium intensity will give to them 8 to 10 hours of light and the highest intensity
will yield four to ve hours of light. The battery will recharge completely
in the rst four hours of sunlight and Prometheus is congured to channel energy directly from the panel and not from the battery during daylight hours. We also incorporated LED indicators into the design of the
charge controller to reveal when the system needs recharging or if there
are technical problems. Furthermore, we installed a Universal Serial Bus
(USB) port in Prometheus so our clients can charge their cellphones or
other electrical components that are USB compatible.
By bringing just a little light into far-flung homesteads, Ilumxico has
provided a new beginning for many impoverished families. In the case
of Francisca, who hails from Malinaltepec in the state of Guerrero, south
Mexico, acquiring the solar system has offered her family a new lease on
life. Given their meagre earnings, providing her children with even basic
education was an unaffordable luxury.
Besides, the children had to work alongside their parents just to make
ends meet. Despite her husbands objections and unwillingness to purchase the solar system, Francisca persevered. She obtained a few chicks
under a government scheme and started raising them. From the money
earned by selling her chickens and eggs, she then purchased the solar
system, which opened up other opportunities for the family.
Today, not only do all her children attend school, thus enhancing their
chances for a better future, but Francisca is earning a steady income from
her poultry business as well. Her husband, meanwhile, proudly asserts
that acquiring the solar system was his idea to begin with!

GOING THE EXTRA MILE

Many of Ilumxicos targeted clients comprise indigenous citizens who


live so deep in the mountains or so far away from municipalities that basic amenities such as electricity and piped water are beyond their reach.

Ilumxico basically seeks


to replace hazardous
energy sources with
a sustainable solar
technology that is fully autonomous
and independent of the grid, by
means of microcredit nancing.
> MORENO

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sustainableliving

Ilumxico has worked with


over 100 communities in
diverse municipalities,
bringing joy and light to
more than 3,800 homes

engage locals and provide them with specialised training in promotion,


sales, installation and maintenance of our solar solutions, thus creating
economic opportunities for these communities. Furthermore, we advance
community participation by organising social development programmes
on nancial and environmental awareness.

CREATING HOPE

Apart from government subsidies, they principally earn a living as farmers,


though the bulk of the crops harvested are used for self-consumption. A
family averages approximately MXN2,080 (less than RM500) per month
and Ilumxicos basic solar system, which offers electric light and energy
for cellphone charging via USB, costs MXN3,200.
Therefore, to ensure the affordability and accessibility of their solar
solutions, Ilumxico offers a micropayment plan.
Clients pay a monthly instalment ranging from MXN150 to MXN250
over a period of 12 months. After the year is up, they own the system
and we provide all the technical and client services they may need. After
studying their lifestyle, needs and nancial position, we draw up a payment arrangement that best suits their capacity.
Fossil fuels are expensive and the sums currently spent on candles,
diesel or other risky and unhealthy lighting sources are approximately
the same as our monthly instalment payments. So, we must rst educate
our clients that the purchase of the system is not an expense, but instead
an investment in their life quality and family dynamics, says Moreno.
We also provide innovative last-mile distribution networks. Called
ILUCentros, these centres are branches of customer service, distribution, support and maintenance that are set up in rural regions in different
states of Mexico to serve the various communities that we work with. We

In the short span of ve years since its incorporation, Ilumxico has made
many inroads into improving the living conditions of indigenous communities in rural Mexico. On average, clients have enjoyed an increase
of approximately 18% in household savings courtesy of the reduction in
expenditure on fossil fuels, while gaining a 10% to 12% increase in productive working hours in a far healthier indoor environment.
The company has worked with over 100 communities in diverse municipalities, bringing joy and light to more than 3,800 homes. Focusing
its efforts across the states with the highest rate of energy poverty in the
country in south and southeast Mexico Ilumxico has also furnished
solar solutions to operate lighting, computers and even satellite internet
for a number of schools and community centres.
Given its innovative and successful approach in introducing carbon-free
renewable energy into rural homes through its unique micropayment
system, Ilumxico has received national and international awards. The
accolades include the 2010 Santander Award for Business Innovation
(Social Impact category), the 2011 World Summit Youth Award (Go Green
category), the CNN Expansin 2012 Award (Entrepreneurs), the 2013
Ernst & Young Mexico Entrepreneur of the Year Award (Social Impact
category) and the 2014 Laureate Global Fellows Award. Not one to rest
on its laurels, Ilumxico remains committed to providing every Mexican
with electricity by 2025.
Erasmus said, Give light, and the darkness will disappear of itself.
By literally brightening the prospects of its clients, Ilumxico is trying
E
to do just that.

FACTS
The Ilumxico impact to date:
Presence in Mexico: 14 states
Systems installed: 3,800
Total users: 20,000 people
Watts installed: 135 kW
Displaced CO2: 2,150 tonnes
ILUCentros: 5 branches

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DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Investing in humanity through


sustainable design

The rst oor of the Framework


House is elevated to protect it
from damage during oods

BY ANITA KANDHAVEL

iven Cambodias troubled past, it is hardly surprising that poverty is widespread in the country. In fact, economic and social
indicators show that it is one of the poorest countries in the
world. Today, deprivation colours the daily lives of millions of
Cambodians, especially rural households, which make up the
majority of the population.
However, the good news is that the country is slowly turning its fortunes around. According to the Cambodia: Country Poverty Analysis 2014
report by the Asian Development Bank, war-torn Cambodia has emerged
as one of the countries with the most rapid poverty reduction in the world,
thanks to the efforts of its government, its development partners and
non-governmental organisations (NGOs).
Carrying on the good work of the many non-prot organisations in the
country, Building Trust international (BTi) and Habitat for Humanity Cambodia (H4HC) have been working tirelessly to touch peoples lives. Last
year, the two organisations joined forces with architectural rm Atelier
Cole to conceptualise an incremental and eco-friendly housing strategy. Driven by the need to nd affordable and sustainable solutions that
address the housing requisites of the region, the collaboration resulted
in the innovative Framework House.
In 2013, BTi hosted an international design competition to nd a sustainable housing design that meets the needs of Cambodias poor while
responding to the constant threat of flooding. As a result, we worked
alongside H4HC, with funding from the Elton John AIDS Foundation,
and delivered three new housing designs that H4HC now offers to give a
choice to any home partners it supports in the future, BTi director David
Cole says in an email interview.
After the rst stage was completed, we sought funding to pilot the
Framework House project, which sees the strengths of each of the three
projects collated and reflected in the delivery of housing. This acts not
only as an answer to homelessness but also looks holistically at developing stronger communities by providing informed decisions and an
inclusive approach.
An excerpt from the press release by BTi reads: It is the aim of the
Framework House project to address two critical areas rstly, the right
to land with formal titles and secondly, sustainably designed dwellings
with opportunities for families to decide upon a layout that reflects their

lifestyles and needs, and the ability to invest upon and develop their
home over time.
Without question, the Framework House project has met its objectives. Our partner, H4HC, ensured that the land titles were registered in
the names of the homeowners. The project has given people the chance
to invest, secure in the knowledge that they own their home and are part
of a wider community of householders, says Cole.
Each site-specic house is built using local labour and sustainable
building techniques to keep the environmental footprint and construction
and maintenance costs to a minimum.

ENVIRONMENTALLY CONSCIOUS DESIGN

Built on the outskirts of the capital, Phnom Penh, the design of the house
had to incorporate flood-resistant features. Borrowing from vernacular
designs (similar to our kampung houses), the rst floor is elevated to
protect it from damage during floods.
The skeleton of the house is fabricated with pre-cast concrete pillars for
greater durability. The pillars are deliberately pre-cast on site to increase
quality, reduce waste, increase on-site safety and reduce transport costs.
Other frames, trusses and beams, however, employ sustainably grown
timber and bamboo. This allows the use of traditional building methods
and fosters local skills.
The construction of the house also employs a combination of sustainable building materials as well as natural and recycled materials. For
example, since the ground floor has to support a higher load, heavier materials such as earth-lled bottles, earth bags and adobe bricks are used.
The upper floor, which carries a lighter weight, employs timber, bamboo and plastic-lled bottles instead. Likewise, customary cement-based
plaster is replaced with earthen plaster using clay and soil.
Natural ventilation is encouraged with a split roof and integration of
bamboo louvre screens. In addition to mitigating solar heat gain, the elevated roof and angled eaves allow for rainwater harvesting, channelling
about 3,000 litres of rainwater into two catchment tanks to be used for
drinking, cooking and washing.
The Framework House adopts healthy home principles. The healthy
home concept is a coordinated, comprehensive and holistic approach to
preventing diseases and injuries that result from housing-related hazards
and deciencies, says Cole.
The Framework House takes into consideration factors such as im-

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sustainableliving

Throughout the building process,


homeowners and local builders
are provided with training
workshops on site-specic
natural building techniques so
that the locals can replicate the
building techniques to expand
their homes in the future

proved ventilation, reduction of dirt floors, inclusion of mosquito screens


and nets as well as access to sanitary toilet conditions. In addition, by
introducing inll wall and floor materials that are site-specic, we have
reduced the overall cost and carbon footprint for each build.
The sustainable design techniques are so comprehensive that the
Framework Houses carbon footprint is only 1,590kg of CO. In laymans
terms, the carbon emission of a typical structure measuring 689 sq ft is
equivalent to about 60 Framework Houses.

EMPOWERMENT THROUGH ADAPTABILITY

Another unique feature of the Framework House is that it allows for structure-safe expansion and adaptability. When thinking about sustainability
and low-cost housing, it is critical to involve the families who will live in
these homes. We spent the last few years trialling house designs and
came to the realisation that NGO housing providers need to reduce costs
by repeating the same format. Hence, the dichotomy of two contrasting
needs flexibility and customisation by the client versus uniformity for
the housing provider and contractor, says Cole.
The Framework House provides flexibility within a repeatable structural framework. Families have the choice of design layout and building
materials, and can transform the look and use of the building depending
on their needs. For instance, will they keep livestock? Do they have a shop
front? Do they have a large family? Do they plan to sublet part of the building? All these aspects can be accommodated within the same design.
This flexibility and opportunity to adapt and grow the initial design
encourages ideas of investment, and makes it a viable long-term housing
opportunity. When completed, the house can be adapted and extended if
and when funds become available, or as the occupants lifestyle changes. These steps instil a sense of ownership and pride and have positive
knock-on effects on the whole community. Each house will have its own
identity.
By insisting on homeowners input at every stage of the construction,
the building process naturally segues into a tool for community engagement. The involvement of homeowners, however, is not only limited to
design and materials input. The entire construction process is a joint col-

laboration between the organisers, homeowners and the community.


Throughout the building process, homeowners and local builders
are provided with training workshops on site-specic natural building
techniques. This schooling, combined with practical hands-on experience, guarantees that the locals can replicate the building techniques
to expand their homes in the future. And more importantly, create
building opportunities for more low-cost homes.
Yet, how truly affordable is the Framework House? It costs only
US$2,500 for the initial weather-resistant home. With funding secured
from SELAVIP and community participation, we were able to construct
nine of these flood-resistant adaptable homes. They were built on
the outskirts of Phnom Penh for families affected by HIV/AIDS who
needed to be located closer to the city for easy access to medical facilities, says Cole.
We would love to build more Framework Houses and welcome
NGOs and governmental groups to get in touch with us should they
see the potential for collaboration to deliver this housing scheme in
their region. The design can be replicated across Southeast Asia, and
we have already been asked to share the schematics with UN-HABITAT
and interested parties in the Philippines.
In environmental, social and architectural terms, the Framework
House packs a punch. The initiative has not only provided tangible
housing and living benets to the poor in Cambodia but also provides
a successful template for the provision of sustainable living anywhere
in the world to families that need this helping hand the most.
To ensure the successful assimilation of this housing scheme
in other countries, BTi has even researched alternative sustainable
site-specic building materials and techniques to adapt to different
topographical areas. In time, the Framework House could inform the
creation of an essential service towards housing resettlements, slum
upgrading or even emergency housing. Winston Churchill once said,
We make a living by what we get, but we make a life by what we give.
The visionaries behind the Framework House are doing just that they
E
are making life better.

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DIGITALEDGE DAILY | SEPTEMBER 1, 2015

sustainableliving

Revitalising
old factories and
warehouses
BY LAM JIAN WYN

ld factories around the world are getting a new lease of life as the urban
rejuvenation movement sweeps across cities. A combination of economic
necessity, an appreciation of architecture and history have inspired a re-imagining of how these buildings look and function.
In some cases, as development makes it unfeasible to continue running
these factories and their addresses become prime areas with the passage
of time, it only makes sense to repurpose these structures. Often, old factories are
transformed into housing projects. For example, a pasta factory in Oakland, the US,
was turned into an affordable housing village.
Sometimes, these former pollution-generating plants are transformed into paragons
of sustainability. For instance, the community-run Value Farm in Shenzhen, China, was
previously an old industrial complex.
Meanwhile, others were rescued from ruin. One such property is a derelict cement factory in Barcelona, which was transformed into Taller de Arquitecturas headquarters. The
propertys Brutalist blocks were sculpted into elegant chambers and swathed in foliage.
We highlight a few examples from around the world that showcase different ways
of reusing old factories.

PICTURES COURTESY OF RICARDO BOFILL

Ricardo Boll office


BARCELONA, SPAIN
This former cement factory was transformed by architect Ricardo Boll into a mixed-use
property comprising the headquarters of his rm Taller de Arquitectura and his private
residence in the 1970s. The derelict property was an industrial complex comprising 30 silos
and vast chambers, both above and below ground.
The renovation, which took two years, saw 22 silos demolished, parts of the cement
blocks carved into elegant structures and lush gardens cultivated to delineate spaces and
soften the edges of this exemplary Brutalist monument.
Today, the former factory houses ofces, a laboratory for models, a library, a projections
room and a cavernous space called The Cathedral, which is used for exhibitions and
concerts, among other things.

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sustainableliving

BRIAN ROSE

MARK HOGAN

Tassafaronga Village
OAKLAND, THE US
Tassafaronga Village is a sustainable and affordable green
development. It is one of the rst projects to receive a LEED for
Neighbourhood Development Gold Plan rating.
The 7-acre development has lots of open and green spaces in
the form of pathways and pockets parks. In addition, the homes use
electricity and hot water generated from the sun.
Part of this affordable housing scheme in Oakland used to
be a defunct pasta factory. The factory, along with some unused
industrial land, was transformed into affordable housing and a
community clinic.
The homes were built in partnership with Habitat for Humanity,
whereby deserving families pitch in 500 hours to build the homes in
return for a very low interest mortgage to buy these homes. There
are also three-storey apartments that are available for very low rent.
MARK HOGAN

MARK HOGAN

PHOTOS COURTESY OF VALUE FARM

Value Farm
SHENZHEN, CHINA
Inspired by Hong Kongs rooftop farms, Value Farm is
designed to create value by cultivating the land through
a collective effort, says its architect Thomas Chung.
Besides creating a green oasis above the urban
chaos, reconnecting city dwellers with nature and the
therapeutic hands-on experience of growing crops, urban
farming offers a more sustainable, secure and accessible
food supply as well as pointing to an attitude and lifestyle
change, Chung said in a statement.
Value Farm is part of Value Factory, which used to be
the Shekou Former Guangdong Glass Factory that has
undergone rapid rejuvenation.
The old factorys stairs cores were turned into
platforms and open pavilions for future activities, while
plots of varying depths were built for growing different
types of produce.
An irrigation pond, integrated sprinkler system,
nursery and projection room and exhibition facilities
were added to the farm. Nowadays, markets and tasting
sessions are held on site.

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sustainableliving
PHOTOS COURTESY OF INTERBREEDING FIELD

Paradise Lost in Time


TAIPEI, TAIWAN
The Shihlin Paper Mill was an abandoned early 20th-century factory in Taipei, Taiwan. The
crumbling walls and roofs let sunlight and rain into the building, allowing plants to thrive.
Nature lled the buildings gaps, creating an accidental green oasis in the city.
When architecture rm Interbreeding Field took on the task of rejuvenating the mill, it
decided to embrace the sites natural moody ambience instead of tearing the old building down.
The rm turned the mill into an exhibition space and placed wooden installations, stages, a
coffee shop, light-up seats and wooden gazebos amid the ruins and plants.

PHOTOS COURTESY OF DIAZ & DIAZ ARQUITECTOS

Cros Cultural Centre


GALICIA, SPAIN
Cros Cultural Centre in Galicia, Spain, was architecture
rm Diaz & Diaz Arquitectos solution to providing
the town of Culleredo with a new cultural centre that
would be useful and symbolic to the town. The building
should also support new components, such as a
theatre and a library that will come later, without being
too costly to maintain.
The old factory was rst decontaminated and stripped
down to its frames. It was then rebuilt in three phases.
The rst two buildings housed the entrance and lobby,
while the third building housed the stage and dressing
rooms, as well as rehearsal spaces and a multipurpose
room. A small block offers exhibition space.

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sustainableliving

Aquaponics: The modern solution


to residential farming

HARIS HASSAN

BY HANNAH RAFEE

s more high-rises and smaller terraced houses begin to spring


up in the Klang Valley, urbanites are finding it more difficult to
have a green space in their homes.
Yet, for those who yearn for fresh produce, aquaponics may
be the answer and they do not have to sacrice their limited
and modern living spaces.
It takes me mere minutes to harvest some of the plants and sh, and
then cook for my family. It really is that simple and gratifying, says aquaponics enthusiast Mohd Affnan Sharifuddin Ramli, as he picks fresh chives
from one of the aged aquaponics containers in his backyard.
Affnan believes aquaponics is the answer to solving the lack of green
problem of city dwellers. The system does not take up a lot of space.
With a small footprint, you achieve simple farming and provide fresh produce for your family.
A combination of aquaculture (sh cultivation) and hydroponics (water-based planting), aquaponics may just be the clever solution to residential farming and sustainability. Aquaponics is dened as a synergy
between aquaculture and hydroponics, which means the planting aspect
is soil-less and water-based, explains Affnan, who has been practising
aquaponics in his home for the past eight years.
Both components of aquaculture and hydroponics are integrated
into one system. The sh waste, also known as ammonia, fertilises and
provides nutrients to the plants, which in turn lter the water for the sh.
Through this ecological system, we are able to cultivate not just plants,
fruit and vegetables but also sh, he says.
Some of the conventional choices of vegetables and fruit produced
using this system include tomatoes, ladies ngers, Vietnamese coriander, brinjal and yam.
As for sh, you can rear many kinds of sh, from ornamental to freshwater, depending on your preference. Edible sh such as tilapia, catsh and
jelawat (sultan sh) are suited for the system, says Affnan, who also advises aquaponics practitioners through his blog, www.affnanaquaponics.com.
Apart from being the solution to compact farming, the sophisticated
system is surprisingly easy to maintain.
Contrary to popular belief, aquaponics is ideal for individuals with
busy lifestyles as it requires minimal maintenance, says Affnan, who
works as an engineering training executive for Malaysia Airlines. The
water is always clean as the sh waste is converted into natural fertiliser
through ltration, so one does not have to clean the water. For those who
love to travel, the vegetables and fruit do not require watering. Still, the
sh need to be fed, but one can purchase a cheap auto-feeder for them.
Unless there is a power failure, youre all set.
The benets of aquaponics are numerous. Unlike other farming or
rearing methods, aquaponics is clean and odourless as the water stays
clean from natural bio-ltration. In addition, aquaponics does not require
any fertilisers, as the nutrients are readily provided by the sh. Hence, the
system develops non-toxic fresh produce, says Affnan.
Other benets are the fact that it does not attract mosquitoes [thanks to
the running water and sh]. Also, the system does not use much electricity
[about 120 watts a day] as the automatic pumps used switch off at night.
Nonetheless, he warns that the pumps have to be well integrated and
maintained in order for the overall system to work.
The pumps would decay if they are below the operating range. Therefore, the water level for the system has to be between 200 litres and 500
litres for the pumps to function properly, Affnan explains.
To install an aquaponics system, one requires a few simple tools and
appliances, such as a 450-litre, breglass or plastic container, a media
container and water pumps.
There are many techniques to start an aquaponics system. However, I
highly recommend the flood and drain system. For this system, you would
have to get a large container for the sh and another container for the
media (ltration). You can also build the system with recycled products,
Affnan advises. The typical start-up budget for residential aquaponics
would be a minimal RM600 to RM700, he estimates.
For the ltration, I would use little clay balls called leca (Hydroton) that
are imported from the Netherlands. However, there are plenty of cheaper
alternatives available in supply stores in the Klang Valley, explains Affnan.
In total, aquaponics produce takes about six months to mature. It
would be advisable to kick off the system with plants and sh species
that are easy to maintain for the rst two months. At full maturity of six
months, that is when youll start to see rich fruit and vegetables, and reap
the benets, he points out.
Affnan says he will continue to practise aquaponics and pursue solo
projects to improve the system. I would like to create a solar-powered,

off-grid panel for the aquaponics system, whereby each container would
use only 5 to 10 watts a day. With a panel like that, the system would become more mobile and independent.
In 2010, he created the Affnan syphon, a mechanical device that has
been accredited by many global aquaponics experts including Australia-based Backyard Aquaponics forum. The device was named after him
by the aquaponics community worldwide. There was no monetary gain
but I earned their respect through my research, he says.
Aquaponics is increasingly gaining more interest in the country. The
concept of aquaponics is quite well known in Australia and the US. It is
not a widespread concept in Malaysia yet, but it is growing as more people
begin to realise how simple and benecial the system is. We now have
Facebook groups, blogs and local aquaponics websites such as aquaponicsmalaysia.com to expose our nation to the concept.
I hope one day, the Malaysian education system would include aquaponics as part of its teaching programme and literature, for the younger
generation to learn more about its benets, sustainability and practice,
E
concludes Affnan.

Clockwise from top:


Anan picking fresh chives
from one of the aged
aquaponics containers in
his backyard; the Anan
syphon; aquaponics does
not require a lot of space