FBM KLCI 1779.45 2.02 KLCI FUTURES 1782.00 3.00 STI 3219.53 10.06 RM/USD 4.2865 CPO RM2439.

RM/USD 4.2865 CPO RM2439.00 8.00 OIL US$46.53 0.70 GOLD US$1248.40 3.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
O&G industry
WEDNESDAY JUNE 28, 2017 ISSUE 2438/2017
meets another

FINANCIAL
price slump
5 HOME BUSINESS

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS

4 HOME BUSINESS PHOTO BY SHAHRIN YAHYA

MClean expects
earnings recovery
5 HOME BUSINESS

Shutdown of illegal
AIRASIA X AIMS
investment firms
may affect
aff
ffect stock FOR GOOD E
market

NUMBERS H
T Y
ON L
7 HOME BUSINESS

Rise of digital
payment doesnt

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mean cash is dying
om
incAsean region yo
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prope u need
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o
14 H O M E

Pr pe Thee long-haul
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ong
ong haul
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Liow: Make

dg
AirAsia X flight

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probe results public
no-frills carrier has
seen improvement in

Th
17
1 7 COMMENT

Tax reform looks like

an Indian wedding N C H E S . LIS
T I N G S . D AT A . A N A LY TICS
the
cost structure.
Charlotte
Charlottte C
the story
structurre.
Chong
hong h
story on Page 4.
has
as

. N E W LAU
NEWS

Chief executive o
cer Benyamin Ismail

21 W O R L D B U S I N E S S

Nomura said to
bolster compliance
Google fined record 2.4b by EU
after Japanese law The US tech giant broke antitrust rules EC competition chief
breach PA G E 2
 FBM KLCI 1779.45 2.02 KLCI FUTURES 1782.00 3.00 STI 3219.53 10.06 RM/USD 4.2865 CPO RM2439.00 8.00 OIL US$46.53 0.70 GOLD US$1248.40 3.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
O&G industry
WEDNESDAY JUNE 28, 2017 ISSUE 2438/2017
meets another

FINANCIAL
price slump
5 HOME BUSINESS

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS

4 HOME BUSINESS PHOTO BY SHAHRIN YAHYA

MClean expects
earnings recovery
5 HOME BUSINESS

Shutdown of illegal
AIRASIA X AIMS
investment firms
may affect stock
market
FOR GOOD
7 HOME BUSINESS

Rise of digital NUMBERS

payment doesnt
mean cash is dying in Asean region
14 H O M E
Thee long-haul
Th long haul
Liow: Make no-frills carrier has
AirAsia X flight seen improvement in
probe results public cost structure.
17 C O M M E N T Charlotte Chong has
Tax reform looks like the story on Page 4.
an Indian wedding

Chief executive ocer Benyamin Ismail

21 W O R L D B U S I N E S S

Nomura said to
bolster compliance
Google fined record 2.4b by EU
after Japanese law The US tech giant broke antitrust rules EC competition chief
breach PA G E 2
2 WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
Proton will be in
Southeast Asias
top three,
says Geely
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Google fined
record 2.4b by EU
The US tech giant broke antitrust rules EC competition chief
BRUSSELS: The European Union
(EU) slapped Google with a record
2.4 billion (RM11.45 billion) an-
titrust fine yesterday, in a fresh as-
sault on a US tech giant that risks US
President Donald Trumps wrath.
Hard-charging European Com-
mission competition chief Mar-
grethe Vestager said Google had
abused its market dominance
as the worlds most popular search
engine to give illegal advantage to
its own shopping service.
What Google has done is illegal
under EU antitrust rules. It denied
other companies the chance to
compete on merits and to inno-
BoE tightens capital
requirements as debt surges
LONDON: The Bank of England
(BoE) yesterday said retail lenders
need combined capital reserves of
11.4 billion by end-2018 as UK
household indebtedness surges.
As expected, banks are, from
yesterday, increasing the UK coun-
tercyclical capital buffer rate from
zero percent to 0.5% or by 5.7 bil-
lion (RM31.2 billion), the BoEs
Financial Policy Committee (FPC)
watchdog said in a bi-annual report.
It added that the FPC expects to
increase the rate to 1% in Novem-
ber, with binding effect a year later.
The increase to 0.5% will raise
regulatory buffers of common eq-
uity Tier 1 capital by 5.7 billion,
the report said. This will provide a
buffer of capital that can be released
quickly in the event of an adverse
Trump claims victory as court partially reinstates travel ban
BY PAUL HANDLEY
WASHINGTON: The US Supreme
Court on Monday partially reinstat-
ed Donald Trumps (pic) controver-
sial travel ban targeting citizens from
six predominantly Muslim countries,
prompting the US president to claim
a victory for national security.
The nine justices, who will hear
arguments in the case in October,
said the ban could now be en-
forced for travellers from the tar-
geted countries who lack any bona
fide relationship with a person or
entity in the US.
The court tempered its ruling by
saying the ban could not be imple-
mented against people with person-
al links to the US, citing the exam-
ples of foreign nationals wishing to
visit family or students accepted to
attend universities.
However, the decision marks a
vate, Vestager said in a statement.
Most importantly, it denied Euro-
pean consumers a genuine choice
of services and the full benefits of
innovation.
The fine broke the previous EU
record of 1.06 billion for a monop-
oly case against US chipmaker Intel.
The decision comes less than
a year after Vestager shocked the
world and Washington with an or-
der that iPhone manufacturer Ap-
ple repay 13 billion in back taxes
in Ireland.
Crucially for Google, Brussels has
demanded the US tech giant change
the Google Shoppings business
shock occurring that threatens to
tighten lending conditions.
The BoE noted that consumer
credit for items such as cars jumped
by 10.3% in the year to April, mark-
edly faster-than-nominal house-
hold income growth.
In a press conference following
the reports release, BoE gover-
nor Mark Carney warned lenders
against forgetting the lessons of
the past.
However, he insisted also that
Britains banking sector is strong,
and significantly more resilient
since the financial crisis of almost
a decade ago.
The BoEs report also expresses
concern about the mortgage mar-
ket and called on banks to tighten
affordability tests for home loans.
AFP
win for the Republican leader, who
has insisted the ban is necessary
for national security, despite crit-
icism that it singles out Muslims
in violation of the US constitution.
The US State Department said
it would begin enforcing the travel
For breaking news updates go to
www.theedgemarkets.com
model to meet the EUs concerns.
Though an EU record, the
amount is below the maximum
possible of about 8 billion or 10%
of Googles total revenue last year.
Brussels accuses Google of giv-
ing its own online service, Google
Shopping, too much priority in
search results to the detriment of
other price comparison services,
such as TripAdvisor and Expedia.
The case, launched in 2010, is
one of three against Google and
of several against blockbuster US
companies including Starbucks,
Apple, Amazon and McDonalds.
AFP
Consumer credit has increased
rapidly, the report said.
Lending conditions in the mort-
gage market are becoming easier.
Lenders may be placing undue
weight on the recent performance
of loans in benign conditions, it
added.
While the UKs economic growth
has held up well since the vote for
Brexit a year ago, recent official
data showing soaring UK inflation
is putting pressure on the BoE to
raise its main interest rate from a
record low of 0.25%, which would
put further pressure on consumers
affordability.
The UK inflation surged in May,
close to a four-year high, at 2.9%, as
a Brexit-fuelled slump in the pound
pushed up import costs. AFP
ban in a professional, organised
and timely way within 72 hours,
in line with a memorandum signed
by Trump earlier this month.
The US leader has suffered a
series of judicial defeats over the
ban, with two federal appeals courts
maintaining injunctions on it by
arguing that his executive order
discriminated against travellers
based on their nationalities.
Responding to Mondays rul-
ing, Trump said he feels vindicated
by what he called a clear victory
for our national security. As [US]
president, I cannot allow people
into our country who want to do
us harm.
On Twitter, he later added:
Great day for Americas future
Security and Safety, courtesy of
the US Supreme Court. I will keep
fighting for the American people,
& WIN! AFP
IN BRIEF
New cyberattack spreads
across Europe, hits WPP
rms Rosneft, Maersk
MOSCOW: A new cyberattack
similar to WannaCry is spread-
ing across Europe, hitting major
companies from Rosneft PJSC in
Moscow to AP Moller-Maersk
in Copenhagen while disrupt-
ing government systems in Kiev.
More than 80 companies in Rus-
sia and Ukraine were affected
by the Petya virus that disabled
computers yesterday and told us-
ers to pay US$300 (RM1,287) in
cryptocurrency to unlock them,
according to Moscow-based cy-
bersecurity company Group-IB.
Telecommunications operators
and retailers were also affected
and the virus is spreading in a
similar way to the WannaCry
attack in May, it said. UK media
company WPP plc has also been
hit. Information technology sys-
tems in several WPP companies
have been affected, the compa-
ny said in an emailed statement.
Bloomberg
Singapore to allow banks
to enter non-nancial
e-commerce
SINGAPORE: Singapores
central bank will streamline
regulatory requirements to
allow banks to conduct or in-
vest in non-financial e-com-
merce businesses, it said yes-
terday. Finance Minister Heng
Swee Keat said these will be
businesses related to or com-
plementary to banks core fi-
nancial operations. Banks are
currently prohibited from sell-
ing consumer goods. The Mon-
etary Authority of Singapore
will issue a consultation paper
on the operational details of
the policy changes by end-Sep-
tember. Reuters
IMF cuts US growth
forecasts, citing lack of
Trumps scal details
WASHINGTON: The International
Monetary Fund (IMF) said yester-
day it had cut its growth forecasts
for the US economy to 2.1% for
2017 and 2018, dropping its as-
sumption that the Trump admin-
istrations tax cut and fiscal spend-
ing plans would boost growth.
The IMF, in April, had forecast US
growth of 2.3% for 2017 and 2.5%
for 2018, based partly on gains
from expected tax cuts and new
federal spending. However, given
the lack of details on the US ad-
ministrations still evolving poli-
cy plans, the IMF said it decided
to remove the assumed stimulus
from its forecasts. Reuters
7,012 summonses
issued in Terengganu
under Op Selamat
KUALA TERENGGANU: Some
7,012 summonses have been is-
sued to motorists within eight
days of the 11th Op Selamat
in Terengganu. The highest
numbers of offences are for
breaking the speed limit, not
having a driving licence and
for traffic obstruction. He said
344 accident cases involving 11
deaths from nine fatal crashes
had been recorded under the
traffic operation. Bernama
4 HOME BUSINESS
AirAsia X aims for good
numbers in Asean region
The long-haul no-frills carrier has seen improvement in cost structure
BY C H ARLOT TE C H ON G
SEPANG: AirAsia X Bhd (AAX), the
long-haul arm of AirAsia Bhd, re-
mains confident of generating better
financial numbers in the Asean re-
gion in the second half of the current
year, although a weak ringgit and
higher fuel costs pulled the no-frills
airline back to losses in the first quar-
ter ended March 31, 2017 (1QFY17).
The confidence of the no-frills
airline stems from its improving cost
structure. The most important thing
is our KPIs (key performance indi-
cators). Our statistics within the or-
ganisation are improving [despite
the lower 1Q earnings], its chief ex-
ecutive officer (CEO) Benyamin Is-
mail told The Edge Financial Daily in
conjunction with its newly launched
route between Kuala Lumpur and
Honolulu, Hawaii.
Benyamin, who took over the CEO
office in September 2015, said that
the key focus was to ensure that AAX
is disciplined with consistent sales
numbers. Our focus is to ensure
that we achieve good numbers for
the third and fourth quarters.
AAXs net profit for 1QFY17
shrank 94% to RM10.34 million from
RM179.49 million last year. It attrib-
MClean expects earnings recovery
BY A N E TTE A PPA DU RAY
KUALA LUMPUR: Eyebrows were
raised when the earnings of MClean
Technologies Bhds 55%-owned unit
DWZ Industries Sdn Bhd fell short of
the profit guarantee granted.
MCleans earnings took a beat-
ing as a result of a lower contribu-
tion from DWZ Industries. For the
financial year ended Dec 31, 2016
(FY16), the companys net profit
declined substantially to RM1.85
million from RM5.89 million the year
before, although revenue came in
higher at RM59.3 million compared
with RM57.3 million in FY15.
This has raised concerns over
the prospects of the subsidiary that
MClean acquired from Decor Indus-
tries Pte Ltd two years back.
Its share price skidded the days
after the release of the first-quarter
financial results. It fell from a six-
year high of 34 sen to 22 sen in late
May. Nonetheless, it has regained
some lost ground of late to end last
week at 28 sen.
The shortfall of the profit guaran-
tee isnt quite a concern for MCleans
management as it is confident of
earnings recovery in the second half
of the year.
We (DWZ) are aiming to be back
to profit by the second half of the
year, due to the fact that [the indus-
try] is seasonal, and the trend is that
uted the severe earnings contraction
to the weaker ringgit and higher fuel
prices. Analysts believe the intensive
competition that has suppressed
yield is also the headwinds that AAX
is facing.
Some analysts view that the disap-
pointing quarterly earnings numbers
could be the reality of the low-cost
carrier, at least in the near future. Its
share price took a nosedive in May,
dropping from the more than three-
year-high peak of 53 sen to 40 sen. It
closed at 41 sen last Friday, trading
at a historical price-earnings ratio
of 29.3%, according to Bloomberg,
compared to its parent AirAsia Bhd,
which is trading at barely 5.31 times.
However, Benyamin pointed
out that its cost for available seat
kilometre (ASK) indeed dropped in
1QFY17, stressing that it is crucial
to ensure that cost remains low on
a sustainable manner.
According to the airlines an-
nouncement to Bursa, its cost per
ASK dropped 1% to 13.48 sen.
On its newly launched Kuala Lum-
pur-Osaka-Honolulu route, Ben-
yamin said, It has exceeded our
expectation. For the first few flights,
our load factors are about 98%, pre-
dominantly a lot of traffic is coming
we see improvement in the second
half, said MCleans chief financial
officer Loh Weng Yew.
Usually, we see an increase in
volume of sales during the second
half of the year, so we are expecting
to see that, he told The Edge Finan-
cial Daily.
DWZs audited profit after tax
(PAT) for FY16 was RM2.34 million,
resulting in a shortfall of RM2.3 mil-
lion in its profit guarantee.
MClean then served a letter to
the vendor, Decor, in May, for the
settlement of 55% of the shortfall
amount as MClean owns a 55% stake
in DWZ.
Loh added that MClean received
the full amount it was owed in short-
fall on June 7, amounting to RM1.27
million.
MClean bought a 55% stake in
DWZ, which specialises in surface
treatment and finishing for elec-
tronic and electrical industries a
move to diversify its existing busi-
ness, which is provision of precision
cleaning, washing and assembly
services to hard disk drive and sem-
iconductor industries.
Under the share sale agreement,
Decor was to provide an earnings
guarantee that DWZ will achieve PAT
of RM3.9 million and RM4.6 million
for FY15 and FY16 respectively.
MClean paid RM14.09 million for
the controlling 55% stake in DWZ
from Japan.
He added that its forward book-
ings for the next four to five months
on the Hawaii route are at about
80%. If we can keep it consistently
at above 80%, we can break even
pretty quickly.
We are quite optimistic and one
of the key things is that Japan is a very
high-yield market.
For Japanese, Hawaii is the No 1
destination. The demand is exceed-
ing the supply, He explained that
there is no competitive environment
in Osaka, where the airlines are not
thrashing fares.
Benyamin acknowledged that
the most important thing now is to
build the brand in the US. Hawaii
is a good start. Once we are strong
enough, then we will move to the
West Coast.
When asked about AirAsia Group
founder Tan Sri Tony Fernandess
comment on not expanding routes to
Europe, Benyamin said, We do not
have the aircraft to go to Europe. Of
course we can source [for] aircraft,
[but] it will take another year or so.
He said that it would wait for the
market to be more mature before
considering going into that space.
At the moment, those markets are
Loh (left) and MClean executive chairman Jason Yeo. Photo by Sam Fong
through issue of new shares to the
vendor, which is now the single larg-
est shareholder of MClean.
It was a double-whammy year
for MClean.
Besides lower earnings, Petroliam
National Bhd (Petronas) in Febru-
ary 2016 served DWZ with a letter
of demand for damages to the tune
of RM46.75 million relating to the
alleged discharge of noxious and
toxic effluents from DWZs piping
structure, which allegedly caused
damage to Petronas pipelines.
For the legal case with Petronas,
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
still irrational [in terms of competi-
tion] and I think we are not ready to
battle that out yet.
We will look at this game again
in another two to three years.
Fernandes stated once that ultra-
long-haul flights are not relevant.
Nonetheless, Benyamin said flights
longer than eight hours could be
possible routes AAX would consider
in the foreseeable future.
He reasoned, If you do 10 hours
you only sell one set of revenues. We
try to utilise the aircraft more.
Benyamin pointed out that the
focus is on finding routes that it has
never flown or increasing frequen-
cies of existing routes that are doing
very well.
For AAX, its lucrative routes have
been China and South Korea with its
plans to launch two more destina-
tions in China by the end of this year.
There are so many cities that we
still have not touched [in China] ...
only first-tier cities at the moment
like Beijing and Shanghai, he said.
AAX flies to eight cities in China
including Xian, Hangzhou, Beijing
and Shanghai. As a group, it flies to
28 cities. For now, it is trying to attract
more second-tier cities, according
to Benyamin.
Loh said it is currently pending an
injunction hearing, which is sched-
uled for today.
Moving forward, Loh reveals that
MClean is currently mapping out a
plan to restructure its operations in
Singapore.
We are restructuring our busi-
ness in Singapore in order to make
way for future initiatives by MClean,
which will see the deployment of
DWZs businesses to other areas in
the region, he said.
Meanwhile, Loh noted that
MClean will make its first foray into
On the news about Singapore Air-
lines and Cathay Pacific retrenching
staff, Benyamin takes it positively
from AAXs perspective.
There will be an opportunity for
us. AirAsia Group has been one of
the lowest pioneers in terms of cost
structure and we will maintain that.
It takes a while [for them] to re-
structure what their direction is and
they need to move their yields up.
Then it becomes rational for us be-
cause then we could also move our
yields up.
Benyamin said AAX can compete
because of its cost structure, but its
difficult for the other airlines because
their cost structure isnt there.
Talking about aircraft expansion,
Benyamin said it is not looking to get
any new aircraft this year but it will
add another two towards the end
of next year.
At the moment, AAX has 22 air-
craft in Malaysia, six in Thailand and
two in Indonesia.
Although he said that the skies
are getting busier, Benyamin re-
mains optimistic that there are op-
portunities on the horizon for AAX
to grow. The important thing is to
grow in the markets that you are con-
fident with.
Thailand by year end.
We will be setting up an [opera-
tion] hub in Thailand, to be near to
our key customer [Seagate Technolo-
gy], so that we may leverage on some
of their key businesses, said Loh.
Currently, MClean has a presence
in China, Malaysia and Singapore.
When everything has been con-
firmed, we will make the announce-
ment as now it is still in planning
stages, said Loh. Seagate has its
base in China and Thailand, so we
want to be closer to their centre of
operations, he added.
Loh could not reveal the amount
of capital expenditure allocated for
the expansion as the arrangements
are still in their preliminary stages,
but said that the group will fund the
expansion through a mixture of in-
ternal funds and bank borrowings.
We should [complete the con-
struction of the hub] by the end of the
year, he said, adding that the group
expects to see profit contributions
from the new operation hub in Thai-
land to come in starting mid-FY18.
For its first quarter ended March
31, 2017, MCleans net loss narrowed
to RM404,000 from RM1.63 million
in the same period last year, while
revenue grew 8% to RM13.77 mil-
lion from RM12.75 million a year
ago due to an increase in all surface
treatment and precision cleaning
services.
WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
O&G industry meets
another price slump
The roller-coaster ride for the players has yet to end
BY A DA M A ZI Z
KUALA LUMPUR: It is becoming in-
creasingly clear that the roller-coast-
er ride for oil and gas (O&G) players
has yet to end. After rather encour-
aging financial results and upward
momentum of crude oil prices in the
first quarter of 2017, the industry is
hit by yet another wave of concern
about the oil glut.
Brent crude oil dipped below
US$45 (RM193.05) per barrel last
Wednesday for the first time since
November. It struggled to rebound,
hovering a few US dollars lower
from the new norm of US$50/bbl
enjoyed in the four months leading
to March 2017.
The latest dip, which is its third
wave this year, came despite Opecs
decision at end-May to extend
production cuts for another nine
months. The oil bears re-emerged
mainly because of the signs of ris-
ing production in key parts of the
world in the US, Libya and Nigeria.
However, analysts opined that
O&G players still have the chance
to weather through this time. The
latest decline, according to AmIn-
vestment Bank analyst Alex Goh,
has yet to scare away oil majors
which have prepared to ramp up
their capital expenditure this year
following earlier hints of a recovery.
Yes, there will be drawback [in
terms of activities and investments]
if the glut lasts, but I dont foresee
any significant changes in the [ex-
isting business] for now.
They will put [up] a wait-and-
see approach before they decide on
anything since it (oil prices) has not
gone below US$40 per barrel, which
is their break-even price, Goh told
The Edge Financial Daily.
The same was said by CIMB In-
vestment Bank analyst Raymond
Yap. In fact, some oil majors are
preparing to increase their capital
expenditure (capex) spending in
2017 and 2018, after cutting capex
Shutdown of illegal investment firms may affect stock market
BY S AN G EETHA A MA RTHA L I NGAM
KUALA LUMPUR: The clampdown
on illegal investment schemes can
have a negative effect on the local
stock market as funds from these get-
rich-quick and fake online invest-
ment schemes are invested across
a broad spectrum of securities, said
Inter-Pacific Securities Sdn Bhd
head of research Pong Teng Siew.
Some of these funds would
practise what the regulator deems
as pump and dump, where they at-
tempt to artificially inflate the price of
a stock to draw investors and throw
the shares after making profits, he
substantially over the past two years,
hence there may be a rise in de-
mand for the services sector, he
said in an email reply.
For instance, there has been a
pickup in the level of jack-up drill-
ing activities in recent months, al-
though this has not extended into
the tender drilling rig segment,
added Yap.
The bigger concern, he said, is
that the decline will further hurt
O&G players chances to obtain
proper financing which is of
utmost importance being in a
capital-intensive and asset-heavy
industry.
As most of the companies are
already facing pressures on their
revenues and cash flows, their abil-
ity to finance any new projects or
expenditures and their ability to
repay their debt would be affected,
he explained.
One case in point, said Yap,
would be UMW Oil & Gas Corp
Bhds (UMW-OG) plan to under-
take a rights issue to improve its
financial standing in the current
weak operating environment. Its
controlling shareholder Permoda-
lan Nasional Bhd is committed to
pumping in over RM800 million
into UWM-OG, whose merger plan
with Icon Offshore Bhd has fallen
through.
At the other end of the spec-
trum, Perisai Petroleum Bhd is go-
ing through debt restructuring as its
major shareholder Ezra Holdings is
unable to provide critical support.
Strong and supportive major share-
holders are critical in this tough
environment, Yap commented.
AmInvestments Goh echoed a
similar view. Even if projects get
the go-ahead, there is the issue of
financing, particularly for smaller
O&G players. They (companies)
will find it difficult to get banks
to approve any financing. It (oil
prices) can still be considered as
quite weak.
told The Edge Financial Daily.
This (clampdown) has probably
led to lower liquidity in the market
after the illegal companies were
shut down. There is some evidence
of it as seen in the lower trading
volumes of Malaysian stocks re-
cently, said Pong.
I see some easing off in the
market possibly related to invest-
ment slowdowns by these compa-
nies. This is evident compared with
the better performance between
February and March, although the
composite index was not affected.
Foreign investors still remained
net buyers.
The latest dip, which is its third wave this year, came despite Opecs decision at end-
May to extend production cuts for another nine months.
Oil bears still outnumbering
Banks remain reluctant to generous-
ly lend to the O&G industry main-
ly due to the prevailing view of an
oversupplied oil market.
The reason for soft crude pric-
es is that the world is very much
oversupplied, according to Yaw Yan
Chong, Thomson Reuters supply
chain and commodities research
(oil) director (Asia).
The Opec/Russia production
cuts simply reduced the amount
of oversupply going into the mar-
ket, but did not cut it (existing in-
ventory).
Fundamentals are as bearish
as they had been before the cuts,
and any supplies that were reduced
by Opec were made back up by
increasing production of shale by
the US, Yaw told The Edge Finan-
cial Daily.
He noted that sentiment is weigh-
ing on crude prices. Punters had
been hoping that Opec would not
only extend the cuts, but also deep-
en them. The market had already
priced the extension at the time.
For local O&G players, that
Monthly trading volume on Bursa
Malaysia climbed 90% to 86.51 billion
shares in March from 45.49 billion
shares in February. However, trading
volume tapered off in April, falling
19% month-on-month to 69.8 billion
shares before recovering slightly by
2% to 71.14 billion shares in May.
Since February, the authorities
have been cracking down on illegal
money games, including MBI Inter-
national Sdn Bhd and MonSpace
(M) Sdn Bhd, whose members had
alleged that these companies had
failed to generate extraordinary
returns they had promised.
According to a recent article in
HOME BUSINESS 5
should be where it ends in the short
term a sentiment nudge said
CIMBs Yap. The changes in the op-
erating environment have already
been factored into the share prices
of O&G companies.
Share prices have declined sig-
nificantly [early on] and have re-
mained very weak for companies
like Sapura Energy Bhd, UMW-OG,
Perisai Petroleum, and Bumi Arma-
da Bhd, he said.
In fact, said Yap, there would be
parties which will benefit from the
current levels of oil prices.
It would lower the input cost
and feedstock. Refineries would
benefit from the lower cost, while
retailers which are already experi-
encing weak consumer sentiment
and poor sales volumes may be able
to benefit from lower prices too.
Tank terminal operators ben-
efit as excess inventories of crude
and product oil need to be stored,
added Yap. Companies involved in
tank terminal storage like Dialog
[Group Bhd], and in petroleum re-
tailing like Petronas Dagangan [Bhd]
(PetDag), will continue to do well.
The Edge Malaysia weekly, some of
the schemes, such as JJ Poor to Rich,
AAM Global Corp Sdn Bhd, Water
Beaute World Bhd and Syarikat Is-
land Red Cafe Franchise Sdn Bhd
could have seeped into companies
listed on Bursa.
The weekly quoted a source as
saying the stock exchange is one
of the ways these illegal financial
schemes use to legitimise their gains.
Areca Capital Sdn Bhd chief ex-
ecutive officer Danny Wong said
investors of these get-rich-quick
schemes can turn to unit trusts or
smaller-cap stocks listed on the ACE
Market of Bursa, where fluctuation
CIMBs Yap has an add call on
Bumi Armada, hold on Sapura
Energy and PetDag, and a reduce
call on UMW-OG and Perisai Pe-
troleum.
Nonetheless, AmInvestments Goh
cautioned that no O&G player will be
safe if they are stuck at the current
prices simply because less activities
at the source will create a domino ef-
fect which will still reach the tail end.
The only difference now is that com-
panies such as downstream players
will have a buffer of several months
before actually feeling the pinch
depending on the supply bottleneck
and demand, among others.
Watch out for companies that
have oil-producing assets, and as-
set-heavy companies with high
gearing, he said. That would in-
clude names like Sapura Energy,
Bumi Armada, Alam Maritim Re-
sources Bhd and UMW-OG.
Meanwhile, Thomson Reuters
Yaw said any recovery will be a long
way to go at least for equipment
builders. This is because most of
these equipment are geared towards
deep-sea exploration with high ex-
traction costs of above US$65/bbl.
The situation, Yaw opined, has
not improved since the time when
prices first fell from their three-dig-
it highs in 2014 to lows of under
US$40/bbl, with customers cancel-
ling orders, defaulting on payments
and not making new orders.
As a comparison, he noticed that
US shale producers also badly hit
by the 2014 slump have learnt
their lesson and have now adapt-
ed to remain profitable at US$40
per barrel.
Will we revisit US$40 soon? Yaw
opined that it is just the current
bearish momentum that has pushed
prices to the current levels. To be
honest, I believe [the] fair value is
around US$50 to US$55. I think
most producing countries and oil
companies are content with prices
at that level, he said.
in prices is higher, to seek returns.
However, it might be difficult
to get this type of investors into the
equity market as they are driven
by greed where they want fast and
high returns, he noted.
Jupiter Securities Sdn Bhd chief
market strategist Benny Lee said
patience should be key among in-
vestors seeking high and regular
returns. He pointed to blue-chip
stocks such as Public Bank Bhd,
Nestle (M) Bhd and Dutch Lady
Milk Industries Bhd, which provide
dividend yields of 3% to 4% annual-
ly, and up to 12% in the long term.
CON T I N UES ON PAGE 6
6 HOME BUSINESS
Malaysias Industry 4.0
initiative slow on uptake
Players grapple with funding issues, mindset shift and low expertise
BY SA N G EETHA A MA RTHALINGAM
GEORGE TOWN: Malaysias em-
bracing of Industry 4.0 the digital
transformation of the manufactur-
ing sector appears to be slow
on the uptake as industry players
grapple with funding issues, mind-
set shift and low expertise.
Industry 4.0, introduced to en-
courage industries to move into
computerised manufacturing to
cut labour, reduce resources and
ensure sophisticated accuracy, in-
tegrates the Internet of things (IoT),
cloud computing, data integration
and other technological advances
into the heart of production and
manufacturing systems.
Semi Southeast Asia president
Ng Kai Fai said Malaysia is still in
the infancy stage in terms of auto-
mating, remaining mostly in the
back end of line manufacturing
despite 40 years of experience in
the semiconductor segment.
In fact, he said, local small and
medium enterprises (SMEs) are
still at the 2.0 level (mass pro-
duction, assembly line) as global
manufacturing in the electrical
and electronic sector is evolv-
ing with disruptive technologies
such as big data analytics, IoT
and cloud computing.
In Malaysia, [we are] back-end-
centric. But although back-end-
centric, there is some automation,
though it is still very much at the
infancy stage. They should be en-
couraged to go into data manage-
ment, big data, and for the auto-
motive segment, players should
look at automated guiding vehicle,
he told The Edge Financial Daily.
Automated guiding vehicle is
the use of mobile robots, guided by
wires, markers and lasers to navi-
gate in a factory, thus reducing the
use of labour.
Investors can check a companys fundamentals to avoid losing money
F ROM PAG E 5
The alternative [investment] is
small- and mid-cap stocks that do
not get much coverage, but could
provide a good return. These are
so-called gems, though they are
not highly priced and lack volume.
Investors just need to do some re-
search, he told The Edge Finan-
cial Daily.
A remisier with a local bro-
kerage said investors can look at
stocks with potential growth, such
as e-commerce counters like GHL
Systems Bhd and ManagePay Sys-
tems Bhd, Green Packet Bhd for its
stake in Telekom Malaysia Bhds
mobility arm webe, Advance Syn-
ergy Bhd for its involvement in tele-
communications in Singapore, and
Sedania Innovator Bhd for its in-
If you look at the growth of ro-
botics, China takes the lead in terms
of automation but China cannot
[fully automate] because they have
1.4 billion people that they still have
to delegate for work.
But if you take away China, the
next phase of automation is South-
east Asia. Robotics adoption is go-
ing to be huge, Ng said.
MIDF Research analyst Martin
Foo said to date, there is only a
small traction in adopting automa-
tion because industry players are
faced with financial issues while
not being able to see the benefits
of automating.
However, the changing environ-
ment could prompt manufacturers
to meet their customers demand
as the latters orders become more
sophisticated, he said in a phone
interview.
Fully automating involves high
expenditure running into several
millions of ringgit, which puts off
many manufacturers. There are
also many industries which are la-
bour-intensive and find it difficult
to make that shift.
However, the benefit of going
into smart manufacturing will be
seen in the long run. Also, there are
no incentives to fully automate. The
government provides incentives for
research and development but not
automation, he said.
It should be noted that last year,
the Malaysian Investment Devel-
opment Authority (Mida) approved
24 applications for the Automation
Capital Allowance introduced un-
der Budget 2015 for the adoption
of automation that has enabled
companies to achieve average in-
crement in production volume of
between 200% and 300%.
On Jan 12, Mida partnered with
Rockwell Automation, a US-based
industrial automation and smart
volvement in the Internet of things.
However, if they (investors) were
patient, they could have made good
returns from technology stocks like
Vitrox Corp Bhd, Globetronics Tech-
nology Bhd and Scicom (MSC) Bhd,
which were once penny stocks.
They could have invested in real
assets instead of promises of good
returns. If investors bought consum-
er stocks such as Fraser & Neave
Holdings Bhd, Carlsberg Brewery
Malaysia Bhd and Nestle and kept
[the shares] for over 10 years, they
should have made relatively good
returns, the remisier added.
SJ Securities Sdn Bhd remisier
Goh Kay Chong said while most
Ponzi schemes are attractive, the
stock market is regulated and safer.
Investors can check a companys
Malaysian manufacturers should not be the buyer but the creator, which is a sustainable
long-term venture, said Chu. The Edge le photo
technology provider, to groom lo-
cal companies to increase com-
petitiveness and share technical
know-how.
However, a Mida official, who
declined being named, said indus-
tries were not moving fast to auto-
mate due to fear of expenditure and
refusal to change business styles.
They would rather continue
doing business the way they know
for decades instead of evolving.
Many of them also think it is the
governments duty to help them to
automate. There is no drive to grow
with the times, she said.
Vitrox Corp Bhd president and
chief executive officer Chu Jenn Weng
said Malaysia should focus on In-
dustrial IoT (IIoT), a technology that
uses IoT in manufacturing processes.
fundamentals to avoid losing mon-
ey, and check the technical chart for
the right timing [to invest]. Look for
theme players like corporate action,
election stocks, steel and rubber
glove counters, he said.
Goh added that new players or
high-risk players can go for theme
play, but they need to learn how
to do it. Cash-rich investors can
engage in value investing that can
give dividends and with trading
opportunities.
According to Segambut mem-
ber of parliament Lim Lip Eng,
schemes such as MBI International
and MonSpace have international
reach, as evidenced by police re-
ports lodged by 19 Chinese nation-
als against MonSpace on May 22
for allegedly cheating them of their
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
He said that according to McK-
insey Global Institute, IIoT is ex-
pected to contribute US$7.5 trillion
(RM32.18 trillion) in value by 2025,
and Malaysia is poised to grow in
this segment with more push given
to start-ups to create new technol-
ogies for local industries.
We have 40 years of experience
and our unique positioning is that
we are a manufacturing hub. If we
fight with China or Silicon Valley,
I think we will lose because China
can come up with an IoT device in
one week. They have a proper eco-
system, supply chain and they are
building their own Silicon Valley
in Suzhou.
We need to select where our
strength is. We have a good chance
to capitalise on the IIoT segment
investments where returns were
not given despite being promised.
Melaka-based MonSpace and
Penang-headquartered MBI Inter-
national are among 302 companies
listed as unauthorised entities deal-
ing in unlicensed activities by Bank
Negara Malaysia (BNM).
Previous news reports stated
that apart from Malaysian investors
and local properties, including its
self-sustaining malls, MBI Interna-
tional has about 24,000 investors
in China, hotels and restaurants in
Thailand, and a business network
throughout the region.
The company has former in-
spector-general of police Tan Sri
Musa Hassan on its board. So, in-
vestors did not think there was an-
ything wrong. Similarly, these get-
because everyone in Southeast Asia
and China wants to automate their
process and implement Industry
4.0. This creates a lot of opportunity
if we all come together and work
on IoT solutions, he said.
However, in an interview with
The Edge Financial Daily, Chu said
Malaysian manufacturers should
not be the buyer but the creator,
which is a sustainable long-term
venture.
"In my opinion, to create an in-
tegrated chip would be challenging
but because of IoT and IIoT, creat-
ing the IoT product would be easier.
What we need are start-ups to put
the parts together, to be creative
enough to put them together," he
said. We hope the government
would take cognisance that apart
from making policies to adopt IoT,
it should also look at policies for
the creation of IoT.
What would be a long-term
strategy is how to incentivise local
companies to build IIoTs, or at least
be part of the formula that provides
the solutions to multinational cor-
porations (MNCs), Chu said, add-
ing that SMEs are important players
in sustaining the country.
We cannot depend on cheap
labour or foreign workers. MNCs
are moving away because wages are
getting higher and incentives from
governments getting less.
If a local company wants to
make its manufacturing more ef-
ficient, even with lower labour cost
through automation, then it has a
chance to produce at lower cost
and be more stable.
MNCs are going into Indus-
trial 4.0 with a lot of automation,
connectors and big data analytics,
but they can get Malaysian com-
panies to help them to do this, a
win-win situation, and this would
make them stay here, he added.
rich-quick schemes have celebrities
and royalties as their supporters
or front, which [had] made them
looked legitimate to investors, Lim
explained.
The Companies Commission
of Malaysia should investigate the
companies to see if there is any mis-
appropriation as these companies
had been identified by BNM. The
Inland Revenue Board should do
the same because these companies
may be evading tax, he said.
Lim claims that although the
laws are adequate, Malaysia is a
hotbed for illegal money schemes
due to a lack of enforcement by
the authorities, and poor financial
literacy among cash-rich people,
particularly those in urban and
semi-urban areas of the country.
WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
ATTA GLOBAL GROUP BHD (+ve)
SHARES in Atta Global Group Bhd (funda-
mental: 2.3/3, valuation: 2/3), which trig-
gered our momentum algorithm last Friday
for the first time this year, closed four sen or
2.94% higher at RM1.40, valuing the com-
pany at RM139.58 million.
Some 2.83 million shares were traded,
compared with their 200-day average vol-
ume of 198,089 shares.
The group, previously known as SMPC
Corp Bhd, said in late March it was look-
ing to raise as much as RM188.62 million,
mainly for working capital or investment
ATTA GLOBAL GROUP BHD
CHUAN HUAT RESOURCES BHD (+ve)
SHARES in Chuan Huat Resources Bhd (fun-
damental: 0.35/3, valuation: 1.1/3) triggered
our momentum algorithm last Friday for the
sixth time this year.
The stock closed two sen or 3.05% higher
at 67.5 sen, with some 2.78 million shares
traded. In comparison, it saw only an aver-
age 322,686 shares done in the past 200 days.
For its first quarter ended March 31, 2017,
its net profit grew by four times to RM2.9
million from RM667,000 which it recorded
CHUAN HUAT RESOURCES BHD
EXCEL FORCE MSC BHD (+ve)
SHARES in Excel Force MSC Bhd (funda-
mental: 1.95/3, valuation: 0.5/3), which trig-
gered our momentum algorithm last Friday
for the third time this year, settled four sen
or 3.48% higher at RM1.19.
The last traded price gives it a market
capitalisation of RM492.3 million, after some
1.69 million shares were done, compared
with the counters 200-day average volume
of 375,645 shares.
In April, the group proposed a one-for-two
EXCEL FORCE MSC BHD
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
in an entirely new business.
It intends to raise the funds via the rights
Rise of digital payment
issue of irredeemable convertible preference
shares to existing shareholders.
The minimum amount it could raise from
doesnt mean cash
the exercise is RM12 million. To ensure the
minimum subscription is achieved, it has
procured written irrevocable undertakings
is dying
from two Atta directors-cum-shareholders
to take up the requisite shares.
It is trading at 0.95 times its book value,
with a 12-month price-earnings ratio of
7.19 times.
BY S U LHI AZ M AN countries, cash is seen as an instrument
Valuation score* 2.00 to hedge against hyperinflation. Phasing it
Fundamental score** 2.30 KUALA LUMPUR: Digital payments out could create some unnecessary conse-
TTM P/E (x) 7.19 rapid growth in support of the rising quences in that [it] could result in econom-
TTM PEG (x) - digital economy notwithstanding, US ic and political instability, said Lambert.
P/NAV (x) 0.95 Federal Reserve (Fed) systems director On the idea of establishing a single
for banknotes Michael Lambert (pic) unified global currency, Lambert said it
TTM Dividend yield (%) 7.45
does not believe the alternative payment may not be feasible in practice.
Market capitalisation (mil) 133.54 method will mark the end of using cash, [The] euro is a success story in which
Shares outstanding (ex-treasury) mil 98.19 not yet at least. the member countries migrated into a sin-
Beta 0.40 Cash is an alternative to digital pay- gle bloc with its own currency. However,
12-month price range 0.38-1.45 ments, and the Fed supports both pay- [speaking from] my role as overseeing the
*Valuation score - Composite measure of historical return & valuation ment methods. For at least a decade, whole operation of issuing banknotes, it
**Fundamental score - Composite measure of balance sheet strength I have been hearing the end of cash. I (doing so) may pose an extremely high
& protability dont share that view, and this is evident risk as counterfeiters will only need to
Note: A score of 3.0 is the best to have and 0.0 is the worst to have both quantitatively and qualitatively, concentrate on imitating a single currency.
Lambert told The Edge Financial Daily Imagine the catastrophic consequences
in a recent visit here. it could bring to the financial markets.
On average, the yearly volume of the The idea of a single unified currency
dollar banknotes has been growing by is not new. In 2015, the Peoples Bank of
in the same quarter last year, mainly due to 5% in the last five years, Lambert said. China governor Zhou Xiaochuan wrote
higher revenues from its trading of hardware To date, Lambert said the US Treasury an essay calling for such a currency as
and building materials and information Department has printed some 40 bil- the global economic crisis shows the
technology-related products. lion pieces of dollar notes worth a to- inherent vulnerabilities and systemic
Likewise, quarterly revenue grew 13% tal of US$1.5 trillion (RM6.44 trillion), risks in the existing international mon-
year-on-year to RM162.1 million from the bulk of which in US$1 and US$100 etary system.
RM143.5 million. denominations. Zhou recommended creating the cur-
The stock, trading at a book value of 0.41 The amount of cash in circulation rency from a basket of global currencies,
times, has a trailing 12-month price-earnings has risen rapidly in recent decades, with and to be controlled by the International
ratio of 8.94 times. Its last traded price gives much of the increase caused by overseas Monetary Fund, saying this would help
it a market capitalisation of RM113 million. demand. About half or two-thirds of to achieve the objective of safeguarding
the dollar notes, mostly the US$100 global economic and financial stability.
Valuation score* 1.10 notes, are being circulated outside the Meanwhile, Lambert said the misper-
Fundamental score** 0.35 US, said Lambert. Inversely, the demand ception that the Feds quantitative easing
TTM P/E (x) 8.95 for banknotes in Scandinavian countries (QE) programme is equivalent to printing
TTM PEG (x) - such as Sweden and Norway has pared trillions of US dollars to inject liquidity into
P/NAV (x) 0.41 down, [though it is] still positive. the financial markets must be corrected.
TTM Dividend yield (%) -
Lambert said the growing demand I oversee the entire circulation of bank-
for US banknotes should not be con- notes and I can tell you, the QE is not
Market capitalisation (mil) 110.48 strued as undermining a concerted ef- exactly about printing money to provide
Shares outstanding (ex-treasury) mil 168.67 fort to encourage digital payments. He liquidity to the market. Injecting liquidity
Beta 0.86 also acknowledges that many econo- can be done in many forms, and I have not
12-month price range 0.40-0.68 mists have called on central banks to seen our banknotes printing order rising
*Valuation score - Composite measure of historical return & valuation phase out the use of cash, but to him, just because of the QE.
**Fundamental score - Composite measure of balance sheet strength the proverbial cash is king adage still On whether Indias move to demone-
& protability resonates today. tise its large notes could set an example
Note: A score of 3.0 is the best to have and 0.0 is the worst to have If you take a long view, and the long for other countries, including the US, to
stability of the US government, people follow, Lambert said no. I cant speak
[would] hold on to the US dollar as they on behalf of any government wanting to
consider it a safe haven, he cited as an demonetise its currency. However, the
example. Fed has no plans to do so.
share split, which will result in the division Definitely, many economists have Last year, India shocked the world when
of every one existing share into two split been wanting to do away with cash. But it demonetised the
shares, to increase the liquidity of its shares. as far as I know, many central banks 1,000 rupee and
This would also halve its share price to dont share that view. Rogoff s book is 500 rupee notes to
below RM1 per share and the group said dedicated to negative interest rate. For battle corruption,
would make it more affordable and ap- that to happen, they want cash to be counterfeit and
pealing to more public shareholders and gone, he said, adding that the end of the black mon-
investors. cash is just a myth. ey market. The
The stock, trading at 10.57 times its book Lambert is referring to economist move affected
value, has a trailing 12-month price-earn- Kenneth Rogoff s book The Curse of Cash, some 86% of cash
ings ratio of 85.79 times. where Rogoff has similarly called on the circulating in the
Fed to phase out the use of paper money, worlds largest
Valuation score* 0.50 particularly the US$100 bill, arguing that democracy.
Fundamental score** 1.95 it facilitates tax evasion and mon-
TTM P/E (x) 85.79 ey-laundering crime, which
TTM PEG (x) (3.89) could thwart ag-
P/NAV (x) 10.57 gressive mone-
tary policy.
TTM Dividend yield (%) 1.09
In some
Market capitalisation (mil) 475.79
Shares outstanding (ex-treasury) mil 413.73
Beta 0.79
12-month price range 0.55-1.20
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability PHOTO BY SHAHRIN YAHYA
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y
Forest City hits a snag
Crackdown on outflows of money from China has spooked some buyers
BY POOJA THAKUR MAHROTRI
SINGAPORE: The US$100 billion
(RM429 billion) city rising from
the sea next to Singapore has hit a
roadblock: Chinas capital controls.
The dream of a Malaysian ver-
sion of Shenzhen largely funded
by Chinese developers and buyers
with hotels, offices, golf courses,
tech parks and thousands of ritzy
new apartments, is having to adapt
after Chinas government clamped
down on an exodus of money for
investment in overseas property.
Developers sales offices in Chi-
na that once brought in buyers by
the hundreds are now pushing
developments in Chinese cities.
Subsidised junkets that flew in pro-
spective buyers to development
sites in the southern Malaysian
state of Johor have dwindled. And
some buyers who paid deposits for
yet-to-be-built homes are consid-
ering cancelling their purchases.
I feel Im on the horns of a
dilemma, said Michelle Gao,
who paid about 600,000 yuan
(RM377,859) toward the 1.2 million
yuan cost of a two-bedroom apart-
ment at Country Garden Holdings
Cos vast Forest City development.
If the project relies so much on
Chinese buyers like me, how on
earth are they able to sell in future?
Will the construction ever finish?
The crackdown on outflows of
money from China has spooked
some buyers. While Chinese citi-
zens are allowed an annual foreign
exchange quota of US$50,000, the
government said in December that
all buyers of foreign exchange must
sign a pledge that they wont use
their quotas for offshore property
investment. Violators would be
added to a watch list, denied access
to foreign currency for three years
and be subject to a money-laun-
dering investigation.
The restriction threatens to take
the wind out of residential proper-
ty sales in cities around the world
where prices have been driven in
the past few years by buyers from
China. Few projects are likely to
be affected as much as the Chi-
nese-financed developments in
Johor, some of which had relied on
mainland customers for as much
as 90% of sales.
Six Chinese buyers interviewed
for this story said they paid a 10%
down payment to Country Garden
in showrooms in China by swip-
ing debit or credit cards or using
payment services like Alipay. They
said the property agents were now
telling them they needed to go to
Hong Kong, Singapore, Malaysia
or Macau to swipe their cards to
pay the balance of instalments, or
wire funds to Country Gardens
overseas accounts.
Many are worried that will still
make them liable under Chinas for-
eign exchange rules. This month, the
Chinese government said domestic
banks would have to provide daily
reports of clients overseas trans-
actions of more than 1,000 yuan.
I was told it can still be done
from Hong Kong, but Im just scared
now, said buyer Elaine Xiao. I
dont know what punishment I
may get.
Country Garden said the con-
trols had not had a material effect
on sales and construction at Forest
City was continuing. It completed
a luxury hotel and handed over
the first batch of 132 apartments
on May 1.
The Johor developments stem
from Iskandar Malaysia, a govern-
ment effort to leverage Singapores
success by building a new metropo-
lis near the causeway that connects
the city state to the Malaysian city
of Johor Baru. When the 20-year
project was announced in 2006,
it envisaged a total investment of
RM383 billion and much of the ear-
ly investment came from Singapore.
But then Chinese developers
like Country Garden and Green-
land Holdings Group Co moved in
with projects that dwarfed those of
their Malaysian and Singaporean
rivals. Country Gardens Forest
City alone called for a US$100 bil-
lion high-rise town to be built on
artificial islands within a few hun-
dred yards of Singapore.
The projects were marketed in
China, and thousands paid deposits
for apartments that cost as much as
double the rate per square metre
of homes for Malaysian buyers in
Johor Baru.
A buyer whose family name is
Yu said she didnt intend to pay the
next instalment on her apartment
when it comes due this month. She
said her agent advised her to swipe
her credit card in Hong Kong to get
around the rules. I asked the sales
agent: Will you take responsibility
when Im blacklisted in China?
Yu, from Guangzhou, put down
a deposit on a 1.2 million yuan, 59
sq m apartment in Phase III of the
project while visiting the vast land-
scaped sales gallery at the construc-
tion site in December. Shes among
those now considering walking
away from the agreement because
of concern about breaking the rules.
Country Garden announced
on June 20 it would proceed with
stage two of the Forest City devel-
opment, a US$280 million plan that
includes golf courses, an interna-
tional school and another hotel.
The developer said in April it was
in discussion with fewer than 60
Chinese buyers who indicated their
intention to cancel bookings. The
company said it sold 16,000 resi-
dential units at Forest City last year.
Country Garden said earlier it
had stopped marketing Forest City
at its sales galleries in China and
ceased organising tours to its Jo-
hor projects for would-be buyers.
Its agents in China are pushing
domestic projects in the countrys
tropical southern resort of Sanya
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
and the seaside city of Beihai.
The developer said it had opened
Forest City showrooms in Singa-
pore, Kuala Lumpur and Jakarta,
and planned to open more this
year in Vietnam, Myanmar, Tai-
wan, Thailand, Japan, Dubai, the
Philippines and Laos.
Construction at Greenlands
Jade Palace development was sus-
pended in November while the
company considered revising the
project density to build more, but
smaller apartments, according to a
sales agent with knowledge of the
project. No construction work was
going on during a weekday visit to
the site in May.
In a response to written ques-
tions, Greenland said on June 3
that construction had not stopped
and that the design of the apart-
ments would be optimised pending
feedback from previous buyers. It
declined to give sales figures, but
said it was looking for more buyers
outside China.
Samuel Tan, executive director
at KGV International Property Con-
sultants, said approvals for all new
serviced apartments in Johor had
been frozen since 2014 and exist-
ing projects were introducing more
affordable properties at around
RM600,000 instead of RM800,000
to RM1 million.
Given the oversupply, we dont
foresee any recovery until 2019 for
high-rise projects, Tan said. He said
Chinas capital controls were only
significant to the Chinese-owned
projects.
Yu, the buyer from Guangzhou,
worries that the thousands of apart-
ments still to be built at Forest City
will be hard to sell without Chinese
buyers.
My home is still in the ocean,
Yu said. Locals will not buy homes
with prices double the local rate.
Without enough residents from
China, everything will change.
Bloomberg
Buetts Store
Capital bet shows
not all retail real
estate is equal
BY S A R A H MUL H O L L A N D
& N OA H B UH AYA R
NEW YORK/SEATTLE: War-
ren Buffett is betting that some
types of brick-and-mortar real
estate will hold up better than
others in the age of Amazon.
His Berkshire Hathaway
Inc took a 9.8% stake in Store
Capital Corp, sending shares
in the real estate investment
trust (REIT) surging on Mon-
day. Unlike other retail land-
lords that have come under
pressure as consumers shop
more online, Store focuses on
service properties: preschool
facilities, health clubs, dine-in
movie theatres and pet-care
sites.
Retail REITs have taken a
beating from investors as Am-
azon.com Inc and other online
sellers make it easier for con-
sumers to buy clothing and oth-
er items from their computers
or smartphones. Buffett has
long expressed confidence in
property investments to gen-
erate income for extended pe-
riods of time, and to provide
a cushion should the dollar
lose value.
Store Capital issued 18.6
million shares to Buffetts com-
pany in a private placement at
US$20.25 apiece (RM86.87),
the REIT said on Monday in
a statement. That compares
with last Fridays closing price
of US$20.77.
Store Capital had slipped
16% this year through last Fri-
day. It jumped 11% on Mon-
day, its biggest gain since the
companys 2014 initial public
offering.
Buffett has other bets on
commercial real estate. Berk-
shire and Leucadia National
Corp are joint owners of Ber-
kadia Commercial Mortgage
LLC, a provider of banking and
sales services to the property
industry. Bloomberg
10 B R O K E R S C A L L / T E C H N I C A L S
FBM KLCI currently at
short-term support level
BY B E N NY L EE
T
he market went into a
correction last week as
the FBM KLCI pulled
back ahead of the long
weekend holiday and
also was in line with
generally bearish stock market per-
formances. Market players reduced
some exposure in the market. Trad-
ing volume was low as a holiday
mood was in the air. The FBM KLCI
declined 0.7% in a week to 1,779.45
points last Friday.
The average daily trading volume
declined to 1.8 billion shares last
week from two billion shares two
weeks ago. The average daily trading
value was RM2.1 billion compared
with RM2.7 billion two weeks ago.
After some selling two weeks
ago, foreign institutions were net
buyers on Bursa Malaysia despite
the weaker ringgit. Net buys from
foreign institutions and local retail
were RM177 million and RM73 mil-
lion respectively. Net sell from local
institutions was RM250 million.
Decliners trashed gainers four
to one on the FBM KLCI. The top
gainers for the week were Hap Seng
Consolidated Bhd (+3.4% in a week
to RM9.09), Genting Malaysia Bhd
(+3.2% to RM5.83) and RHB Cap-
ital Bhd (+1.6% to RM5.13). The
top decliners were Sapura Ener-
gy Bhd (-14.7% to RM1.57), Maxis
Bhd (-4.1% to RM5.64) and British
American Tobacco (Malaysia) Bhd
(-3.3% to RM44).
Global market performances
were generally bearish last week
except for China and Japan. The US
Dow Jones Industrial climbed to a
historical high last Monday but de-
clined for the rest of the week. The
index ended up marginally higher
Adventa 1HFY17 results below expectations
Adventa Bhd
(June 23, 73 sen)
Maintain hold with a higher tar-
get price of 65 sen: Adventa Bhd
recorded a profit after tax and mi-
nority interests of RM330,000 for its
first six months ended April 30, 2017
(1HFY17), a decrease of 66% year-
on-year (y-o-y) from RM980,000.
This was below our expectations,
making up 8% of our FY17 forecast.
The deviation was largely attributed
to the lower contribution from the
healthcare provider/distribution
segment and losses from the home
dialysis segment. 1HFY17 reve-
nue declined 1% y-o-y to RM21.6
million, from RM21.7 million pre-
viously.
Year to date (YTD), its sterili-
sation provider segment saw rev-
enue grow by 16% y-o-y (quar-
Daily FBM KLCI chart as at June 23, 2017.
from the previous week.
The US dollar continued to stay
firm against major currencies. The
US Dollar Index was at 97.3 points
last Friday from 97.1 points the
week before. The ringgit slightly
weakened from RM4.27 to RM4.29
to a US dollar.
Commodity prices were gen-
erally bearish. The Commodity
Exchange gold price closed 0.2%
higher in a week at US$1,257.80
(RM5,395.96) an ounce. Crude oil
(Brent) fell 3.6% to US$45.61 per
barrel on oil glut. Crude palm oil
fell 1.7% in a week to RM2,439 per
tonne last Friday.
The FBM KLCI tested and is cur-
rently at the immediate support
level of 1,780 points. This indicates
that the bullish trend is being sup-
ported, at least for now. The index
went as low 1,773.66 points.
ter-on-quarter [q-o-q]: 6%) whilst
earnings before interest and tax
(Ebit) grew 27% y-o-y (q-o-q: 18%).
The segment continued to remain
resilient. We expect contributions
to exhibit growth throughout FY17
due to addition of new accounts
to this segment. For its healthcare
provider segment, YTD revenue de-
creased by 8% y-o-y (q-o-q: 41%),
while Ebit grew 33% y-o-y (q-o-q:
49%). It appears that a turnaround
in this segment is on the cards due
to higher government spending
after six subdued quarters and the
group benefiting from its shift from
healthcare consumables to high-
er-value products. Teething issues
still persisted for its home dialy-
sis segment as regulatory hurdles
pertaining to clinical studies and
registration were taking longer to
Technically, the FBM KLCI is
bullish as the index is above the
short- and long-term 30-day moving
averages, although the index went
briefly below this moving average
last week. The index is also above the
uptrend channel support line and
the Ichimoku Cloud. The Ichimoku
Cloud is still rising moving forward
but the width is also expanding. This
indicates that the bullish trend mo-
mentum is getting stronger.
Momentum indicator declined
last week but was able to stay above
its mid levels. The Relative Strength
Index indicator and momentum os-
cillators are at levels where the FBM
KLCI rebounded in early June. The
Bollinger Bands have stopped ex-
panding and this indicates a weak-
ening bullish momentum.
The FBM KLCI is currently at the
support level of the bullish trend.
overcome than anticipated. Loss-
es widened to RM2.4 million y-o-y
(1HFY16: RM500,000) as operating
costs outweighed patient uptake.
Moving forward, we continue to
expect higher investments in the
segment on the anticipation of
an increase in patient uptake in
2HFY17. We understand there has
been a slight delay in the roll-out
of Adventas Sri Lanka project from
the projected start date in May. The
pilot project has now been pushed
further into 2HFY17. Its expansion
abroad is expected to have material
contributions to the segmental rev-
enues in FY17 and beyond.
We like Adventa for its first-mover
advantage in the home renal dialysis
treatment and near-monopolistic
position in the commercial sterili-
sation and warehousing activities
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
The global market performances on
Monday and yesterday are going to
set the mood for the local market
in this short trading week. As long
as the global markets do not show
strong sell-offs, we are expecting
the market to rebound and con-
tinue its bullish trend towards the
next resistance level at 1,800 points.
However, if the FBM KLCI turns
bearish, we expect the index to test
the next support level at 1,760 points.
The above commentary is solely
used for educational purposes and
is the contributors point of view
using technical analysis. The com-
mentary should not be construed
as investment advice or any form of
recommendation. Should you need
investment advice, please consult a
licensed investment adviser.
within the region. However, success
of the home renal dialysis business is
dependent on a smooth transition of
patients from hospitals and private
treatment centres to home treatment
post an elongated regulatory reg-
istration and clinical study period
domestically. Nonetheless, earnings
growth is highly reliant on successful
adoption of the home renal dialysis
operational system domestically and
abroad, post regulatory clearance.
The longer-than-expected regula-
tory hurdle the company is facing
will, in our opinion, push adop-
tion into FY18 at the earliest, sub-
sequently delaying earnings growth
from its home dialysis business.
Consequently, we reduce our FY17
earning per share (EPS) by 57% but
raise our FY18 EPS by 72%. HLIB
Research, June 23
DRB-Hicom
deleveraging
Proton ahead of
foreign strategic
partners entry
DRB-Hicom Bhd
(June 23, RM1.75)
Maintain neutral with a target
price of RM1.82: DRB-Hicom Bhd
has announced that it received a let-
ter from the finance ministry (MoF)
for the approval of a research and
development (R&D) reimburse-
ment grant to Perusahaan Otomo-
bil Nasional Sdn Bhd (PONSB), a
wholly-owned subsidiary of Pro-
ton Holdings Bhd, amounting to
RM1.1 billion. In a separate note,
DRB-Hicom also announced the
acquisition of the first tranche of
redeemable convertible cumulative
preference shares (RCCPS) issued
by Proton from Govco Holdings Bhd
amounting to RM300 million. We
view the R&D grant approval posi-
tively as it helps Proton regularise its
near-term cash flow, which should
accelerate the turnaround plans.
We understand that the applica-
tion for the reimbursement grant
for the R&D in PONSB was made
earlier in August 2011. Hence, there
is no restriction imposed on PONSB
with regard to the use of the grant,
as the R&D expenditure has already
been expended. The disbursement
of the grant will only be made upon
completion of the proposed foreign
strategic partners (FSP) entrance
into Proton.
Upon disbursement of the grant,
Proton will use the proceeds to settle
in full its syndicated loan facility of
about RM525 million, together with
accrued interests amounting to about
RM8.3 million and to partly repay the
amounts owed to DRB-Hicom using
the remaining balance amounting to
around RM566.7 million. As at March
2016, Proton had total borrowings
of RM1.4 billon, most of which will
be settled upon receiving the grant.
We view this positively as this will
significantly reduce the financial
liabilities of Proton.
Recall that Govco injected
RM1.25 billion into Proton through
the issuance of RCCPS in June 2016.
Subsequently, another RM250 mil-
lion was issued to Govco, with the
exercise completed just last week,
making it a total of RM1.5 billion of
RCCPS subscribed by Govco. Sep-
arately, however, DRB-Hicom has
reached an agreement with MoF
to purchase the first tranche of the
RCCPS principal in Proton from
Govco amounting to RM300 mil-
lion, together with the preference
dividend certificate amounting to
RM50 million as at June 6, 2017.
In addition, we understand
that DRB-Hicom also aims to re-
purchase the remaining principal
tranches amounting to RM1.2 billon
RCCPS from Govco. In considera-
tion of this, DRB-Hicom will pledge
certain identified assets at a value
of RM1.2 billion. Govco is entitled
to direct DRB-Hicom to liquidate
the charged assets and to pay Gov-
co with the proceeds, upon any
non-redemption of the RCCPS as
at June 6, 2031. We are neutral on
this as we believe this is not likely
to materially affect DRB-Hicoms
performance in the near term.
PublicInvest Research, June 23
12 B R O K E R S C A L L
MISCs offshore
division expanding
MISC Bhd
(June 23, RM7.40)
Maintain hold with an unchanged
fair value (FV) of RM7.35: MISC
Bhd has been awarded a long-term
contract to own and operate two
specialist DP2 offshore loading
shuttle tankers (OLSTs) from Sta-
toil ASA in oilfields in the Norwegian
continental shelf of the North Sea,
Norwegian Sea and the southern
Barents Sea with the total contract
valued at an estimated US$475 mil-
lion (RM2.04 billion).
The first contract covers five years
for an estimated US$200 million,
and the second for seven years with
a value of US$275 million. MISC will
commission Samsung Heavy Indus-
tries to build the two DP2 OLSTs,
which will have a capacity of 125,000
dead-weight tonnage, for delivery in
2019 before chartering it to Statoil.
Assuming a project internal rate
of return (IRR) of 10%, we estimate
that the vessels could cost US$150
million each or reach a total of
RM1.3 billion, which will margin-
ally raise MISCs low net gearing of
0.1 time. This IRR for the two ves-
sels combined translates into 6% of
financial year ending Dec 31, 2019
(FY19) forecast (FY19F) earnings.
MISCs offshore division current-
ly comprises six floating production
storage and offloading vessels, five
floating storage and offloading ves-
sels, two mobile offshore produc-
tion units and the Gumusut-Kakap
S P Setias I&P Group acquisition holds great promise
S P Setia Bhd
(June 23, RM3.40)
Maintain hold with an unchanged
target price of RM3.65: After two
months of negotiations with Per-
modalan Nasional Bhd (PNB) to
acquire I&P Group Sdn Bhd, S P
Setia Bhd is proceeding with the
deal for a price of RM3.65 billion.
Based on independent property
valuers reports, the market value of
I&Ps properties is at RM7.4 billion
while its fair value is RM6 billion,
after adjusting for the deferred tax
liabilities arising from land revalu-
ations. We believe the acquisition
price, at 39% discount to I&Ps re-
valued net asset value (RNAV), is
fair as a majority of developers un-
der our coverage trades at around
30% to 50% discount to their RNAVs.
S P Setia will borrow RM1.5 bil-
lion to partly fund the acquisition.
The balance will be mainly funded
by two rights issues, one each for
ordinary and preference shares that
may raise up to RM1.2 billion each.
S P Setia also plans for a private
placement exercise to raise another
RM1.2 billion after the rights issues
to fund the development of I&Ps
land bank. The prices and entitle-
ment basis of the cash calls will be
determined at a later date, but the
MISC Bhd
FYE DEC (RM MIL) 2016
Revenue 9,597.2
Core net profit 1,688.7
FD core EPS (sen) 37.8
FD core EPS growth (%) (44.3)
Consensus net profit
DPS (sen) 30.0
PER (x) 19.6
EV/Ebitda (x) 10.1
Dividend yield (%) 3.9
ROE (%) 5.5
Net gearing (%) 15.9
Sources: AmInvestment Bank, company report
semi-submersible floating produc-
tion system.
We are positive about this devel-
opment as the expanding offshore
division improves the groups re-
curring income profile. In FY16,
the offshore division accounted
for 15% of groups operating profit.
Liquefied natural gas and offshore
charter rates are mostly fixed for the
long term, unlike MISCs petroleum
segment in which 43% of the vessels
are on spot rates.
We estimate that MISCs FY17F
earnings could drop by 9% from a
10% decline in petroleum spot pric-
es. Our forecasts are unchanged for
now as the two new OLSTs charters
will only commence in the second
half of FY19F.
rights issue of ordinary shares will
be priced at a 20% discount to the
theoretical ex-rights price.
We are not surprised by the plan
to raise equity but the size of the cash
calls is a negative surprise. Based on
S P Setias latest closing price and
shares outstanding, a 20% discount
to the theoretical ex-rights price for
the rights shares, and a hypothet-
ical 10% discount to the price of
placement shares would increase
its shares outstanding by 26%. Our
calculation excludes the dilution
impact from the rights issue of pref-
erence shares as their conversion
price will be higher than S P Setias
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
United Malacca FY17 earnings beat
expectations
United Malacca Bhd substantial 4,900ha of maturing
(June 23, RM6.09) area, of which 1,900ha is located
Maintain outperform with in Malaysia while 3,000ha is lo-
a higher target price (TP) of cated in Indonesia. Our estimates
RM7.60: United Malacca Bhds place FY18E (estimate) to FY19E
(UMB) financial year ended April FFB growths at 23% to 14%, well
30, 2017 (FY17) core net prof- above the sector average of 8%.
it (CNP) at RM75.9 million ex- Despite our softer second half
ceeded both consensus and our of 2017 CPO price outlook, we re-
forecasts at 118% and 122% re- main optimistic about UMBs per-
spectively. formance thanks to its above- av-
2017F 2018F 2019F This came on the back of a erage growth prospect and young
10,883.2 11,064.8 11,336.1 sharp rise in crude palm oil (CPO) age profile. Meanwhile, long-term
2,184.9 2,297.2 2,486.3 selling prices (up 28% year-on- prospects could be supported by
year [y-o-y] to RM2,832/tonne) the companys joint venture in Su-
48.9 51.5 55.7
and palm kernel (PK) prices (up lawesi, Indonesia, to diversify its
29.4 5.1 8.2 67% to RM2,825/tonne) while crop base with a concession right
2,114.4 2,170.3 2,225.8 fresh fruit bunch (FFB) volume to develop 59,900ha of forest area
30.0 30.0 30.0 saw some recovery (2% to 316,800 with a non-palm oil cash crop.
15.2 14.4 13.3 tonnes), albeit below our 342,900 We maintain FY18E CNP at
8.9 8.3 7.5 forecast. A second interim divi- RM77.7 million as we introduce
3.9 3.9 3.9 dend and special dividend to- FY19E CNP of RM79.5 million
talling 15 sen were announced, premised on FFB growth of 14%,
5.7 5.8 6.1
for full-year dividends of 23 sen, while CPO price assumption is
12.7 9.4 5.8 beating our 18 sen estimate. unchanged at RM2,550/tonne.
Y-o-y, CNP jumped 61% on We reiterate outperform
the back of higher CPO and PK with a higher TP of RM7.60 (from
prices as discussed, which led RM7.50) as we roll forward our
In the petroleum segment, to Malaysian operations profit valuation base year to average
very large crude carrier spot rates before tax (PBT) gaining 81%, 2017 to 2018E (from 2017E), for
plunged 36% month-on-month while Indonesian PBT jumped 2.5 higher earnings per share (EPS)
and 47% quarter-on-quarter to times thanks to a sharp increase in of 37.3 sen (from 35.7 sen). Our
US$15,000 per day in May this year harvesting area of 1,800ha, from applied price-earnings ratio is
due to lower cargo volumes from merely 124ha. Quarter-on-quar- updated to 20.4 times (from 21
Opecs 1.2 million barrel per day ter (q-o-q), CNP increased 24% times) on an unchanged valua-
production cut. largely thanks to tax credits for the tion basis of 0.5 standard devia-
We maintain our hold recom- quarter of RM1.9 million (from tion, which is in line with planters
mendation on MISC with an un- tax charge of RM5.6 million) due with above-average FFB growth
changed FV of RM7.35 per share, to new planting tax allowances outlook. We remain positive about
which is at a 20% discount to our and lower chargeable income in UMB thanks to its strong long-
sum-of-parts valuation of RM9.19 Malaysian operations. Operation- term palm oil growth outlook with
per share. This implies an FY17F ally, PBT declined 29% on softer room to expand in Indonesia in
enterprise value or earnings before PK prices (-9%) and seasonally the midstream and potentially
interest, taxes, depreciation and am- softer FFB volume (-4%). downstream segments, while its
ortisation of nine times, one stand- Management expects higher ongoing plans to diversify its crop
ard deviation below its two-year av- FFB production in FY18 thanks base should reduce the risk of
erage of 10 times. AmInvestment to yield improvement on young CPO price fluctuations. Kenan-
Bank, June 23 maturing palms in addition to a ga Research, June 23
S P Setia Bhd
FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F
Total net revenues 6,746 4,957 4,191 4,034 4,073
Operating Ebitda 1,447 1,002 700 686 821
Net profit 917.7 808.0 684.2 509.8 941.8
Core EPS (RM) 0.36 0.27 0.24 0.18 0.33
Core EPS growth (%) 121 (25) (11) (25) 85
FD core PER (x) 10.13 13.53 15.17 20.36 11.02
DPS (RM) 0.23 0.20 0.17 0.13 0.23
Dividend yield (%) 6.35 5.52 4.64 3.45 6.38
EV/Ebitda (x) 7.95 12.80 18.45 18.69 15.31
P/FCFE (x) 7.41 na 15.28 14.41 13.74
Net gearing (%) 17.1 16.2 15.9 14.6 11.2
P/BV (x) 1.29 1.12 1.11 1.10 1.04
share price at the price-fixing date. ROE (%) 13.8 9.2 7.4 5.5 9.8
Assuming that I&Ps core net CIMB/consensus EPS (x) 0.92 0.77 1.16
profit in its financial year ending Sources: Company data, CIMB forecasts
Dec 31, 2018 (FY18) is the same as
our estimate of a core net profit of
just RM69 million in FY16, we be- Nonetheless, the acquisition in FY18. However, we think the sales
lieve the additional earnings contri- holds great promise if S P Setia man- will only translate into meaningful
bution from I&P will not fully offset ages to replicate its success stories earnings starting FY19.
the interest cost and dividends for on I&Ps land bank. Compared with While we like the long-term pros-
preference shares related to the fi- I&P, S P Setia has a much stronger pects of the acquisition, it is offset by
nancing of its acquisition, let alone brand name and a better track re- the downside risk to FY18 forecasted
the dilutive impact on earnings per cord in developing property projects. EPS, due mainly to the massive cash
share (EPS) due to the enlarged We expect S P Setia to take up to one calls. S P Setia remains a hold with
share base. If I&P delivers only RM69 year to integrate the two companies stronger-than-expected sales as the
million of core net profit in FY18, and draw up new plans for I&Ps key upside risk while high integra-
there is a 33% downside to our FY18 land bank. S P Setia is confident tion cost is the key downside risk.
EPS forecast. that I&Ps assets will boost its sales CIMB Research, June 23
14 HOME
Make AirAsia X flight
probe results public
Liow commends pilot, cabin crew for their professionalism
KUALA LUMPUR: Datuk Seri Liow
Tiong Lai has commended the
AirAsia X pilot and cabin crew for
their professionalism and courage
in handling an emergency situation
involving flight D7237 on Sunday
and called for the investigation into
the incident to be made public.
I take this incident seriously
and I have directed the Department
of Civil Aviation director-general
Floods recede in Melaka, Johor
MELAKA: The floods in parts of
Melaka and Johor eased yester-
day after about 200 people were
evacuated on Monday due to rising
waters. One of the four flood relief
centres in Melaka was closed at
noon yesterday, leaving another
three with 154 evacuees.
Melaka Civil Defence Force di-
rector Lt Col (PA) Effendy Ali said
the three centres had 154 evacuees
as at 12.15 pm, up from 149 in the
morning.
The Jasin district has the most
number of evacuees at 96. They
are being housed at Sekolah Ke-
bangsaan Tehel. In the Alor Gajah
district, 40 people are at the Bukit
Idris Jusoh (third from left) and his wife (third from right) with Solahuddin and his wife at their wedding and Aidiltri open house for
the Besut parliamentary constituency in Jertih yesterday. Photo by Bernama
Idris Jusoh holds sons wedding with Raya open house
BESUT: About 10,000 people at-
tended the wedding of a son of
Higher Education Minister Datuk
Seri Idris Jusoh and his wife Toh
Puan Seri Che Kamarah Zakaria,
held together with an Aidilfitri
and relevant authorities to inves-
tigate the cause of the incident,
and make public the findings once
investigations are completed, the
transport minister said in a state-
ment yesterday.
The flight from Perth, Australia,
to Kuala Lumpur was forced to turn
back after the Airbus A330 with 359
passengers encountered technical
difficulties shortly after take-off.
Balai community hall and 18 at the
Kampung Pulau community hall,
he said in a statement.
Also head of the Melaka Disaster
Management Committee Secretar-
iat, Effendy said the floods were
caused by the overflow of Sungai
Durian Tunggal, Sungai Melaka
and Sungai Tehel following heavy
rain on Monday night.
He said the weather was im-
proving and the rain was easing off.
In Johor Baru, 10 of the 43 peo-
ple evacuated due to floods in Batu
Pahat on Monday were allowed to
return to their homes yesterday.
The 33 remaining evacuees are
being housed at a relief centre in
open house yesterday.
The events at the Gong Kemun-
tong Hall in Jertih here were at-
tended by people of various races,
mainly those from around Besut.
Solahuddin, 23, who had com-
The pilot had handled the issue
with incredible professionalism
and acted swiftly and proficiently
to protect the safety of passengers
onboard, said Liow.
The aircraft landed safely at the
Perth International Airport at 10am
on Sunday. All passengers were
transferred to the next available flight
or to the recovery flight at 11.40pm
on the same day. Bernama
Kampung Parit Jalal, said Johor
health, environment, education and
information committee chairman
Datuk Ayub Rahmat.
The people were evacuated
after their homes were flooded
when an embankment burst fol-
lowing heavy rain, he said, adding
that the Batu Pahat drainage and
irrigation department is under-
taking repairs.
He also said Kampung Perma-
tang Panjang in Jementah, Segamat,
was hit by floods yesterday morning
as well which affected 28 people.
However, no evacuation was
necessary as the floodwaters had
begun to recede. Bernama
pleted engineering studies at Wich-
ita State University in Kansas City,
US, is the fourth of Idris five chil-
dren. He is wedded to Nailah Zulkif-
li, also 23, who is studying medicine
in Jordan. Bernama
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Rohani: Action against parents,
guardians for child neglect
KUCHING: The recent incident
where a 12-year-old boy died while
playing with firecrackers should be
a warning to parents, according to
Women, Family and Community
Development Minister Datuk Seri
Rohani Abdul Karim.
We have been warning par-
ents and families to constantly
mind what their children are up
to. What we are afraid of has hap-
pened and I hope this incident
will be [a] reminder to parents
and guardians.
This case is now being inves-
11 houses damaged as thunderstorm
wreaks havoc in Labu
SEREMBAN: Eleven houses were
damaged as a thunderstorm
wreaked havoc in Kampung Baru
Batu 8, Labu, near here on Mon-
day. MCA Youth legal bureau
chief Ng Kian Nam said most of
the damaged houses rooftops
were blown off.
I expect the cost of repairs
for each house to be between
RM3,000 and RM5,000. We are
trying to engage a contractor to
get the job done quickly.
14 villagers missing in Sabah forest
found safe
KINABATANGAN: All the 14
people feared missing in the
Ulu Segama forest reserve near
here between four and six days
ago have been found safe.
The villagers, aged between
20 and 58, of Kampung Paris 1
near here, were found between
5am and 1.20pm yesterday, said
Kinabatangan police chief Supt
A Sahak Rahmat when contacted
by Bernama.
Five of them went into the
Seven detained for alleged murder
of youth
BESUT: Police have arrested seven
suspects, believed to be involved
in the incident where a youth was
hacked to death in Kampung Peng-
kalan Nyireh here.
Besut district police chief
Superintendent Mohd Zamri
Mohd Rowi said five suspects
were arrested on the night of the
incident, while two others were
detained on Monday, and the
police believed the suspects were
known to the victim.
Various agriculture schemes for
Sarawak rural community
KUCHING: The government has
initiated various agricultural pro-
grammes and economic plans to
improve the livelihood of the rural
community.
In this regard, Sarawak Dep-
uty Chief Minister Datuk Amar
Douglas Uggah Embas urged
the villagers to hold regular di-
alogues with their community
chiefs and political party lead-
tigated by [the] police under the
Child Act (Child Neglect). We will
be very firm in taking action in cas-
es where children are being left on
their own by the parents or adults,
she told reporters at her Aidilfitri
open house here yesterday.
In the incident on Sunday, Hai-
qal Hakim Zolpaka, a pupil of Se-
kolah Kebangsaan Matu Baru suf-
fered fatal head injuries when the
firecrackers he was playing with ex-
ploded at Kampung Bintawa Hilir
near here. He was believed to have
been playing alone. Bernama
I will appeal for funds from
the MCA Crisis Relief Squad fund
as well as [the] Programme Ban-
tuan Baik Pulih Rumah, Bahagian
Kampung Baru under the Prime
Ministers Department, he told
Bernama here yesterday.
Ng said priority would be giv-
en to houses without roofs since
water can seep through if it rains.
Currently, these houses rooftops
are temporarily covered with can-
vas. Bernama
jungle last Wednesday to fish in
Sungai Bilong but did not return
after two days.
Last Friday, nine villagers,
some of them family members
of the five, went into the jungle to
look for the missing persons and
were reported missing as well.
Sahak said a search was
mounted for the 14 by 80 po-
licemen, firefighters, wildlife de-
partment personnel and villagers.
Bernama
As of now, police are still
hunting for at least eight more
suspects, and they are expected
to be arrested soon, he told re-
porters after attending Jabi as-
semblyman Mohd Iskandar Jaa-
fars open house here yesterday.
In the June 21 incident, the
victim, Nik Mohamad Shahru-
lanuar Nek Der, 22, died at the
scene, believed to have been at-
tacked by 15 suspects, following
a misunderstanding. Bernama
ers to get updates on plans and
assistance the government has
in store for them.
There are various agriculture
schemes to help the rural com-
munity, such as rubber, black
pepper, palm oil, birds nest and
pineapple, he said at an Aidilfitri
celebration in Kampung Serem-
bang, Saribas, on Monday night.
Bernama
16 H O M E WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Get correct views on diet Joint panel to

probe o Pahang
pirate incident

linked to cancer dietician BANGKOK: A joint panel has

Information on social media should be verified by reliable sources
KUALA LUMPUR: Information on
diet and cancer shared on social me-
dia should be verified with reliable
sources of information, says a die-
tician with a cancer support group.
These postings include unsubstan-
tiated articles claiming that certain
food like soybean and non-organic
products should be avoided and the
practice of heating up food with micro-
wave oven should be avoided as they
are believed to contribute to cancer.
Awareness drive to report industrial accidents
KUALA LUMPUR: A nationwide
awareness campaign is necessary
to report every workplace acci-
dent, especially in the construction
sector, said National Institute of
Occupational Safety and Health
(NIOSH) chairman Tan Sri Lee
Lam Thye.
However, little is known about
the truth and credibility, let alone
the authenticity of the sources of
such information.
National Cancer Society Malay-
sia (NCSM) dietician and educa-
tion development executive Lim
Chooing said for those who want
to know more about diet suitable
for cancer patients or healthy food
to prevent cancer, they could refer
to NCSM or other cancer-related
He said government agencies
such as NIOSH and the Depart-
ment of Occupational Safety and
Health (DOSH) require complete
and accurate data to help formu-
late strategies and training pro-
grammes to help reduce industrial
accidents.
organisations to avoid confusion.
Commenting on the claims circu-
lating on the social media, she said
there is no evidence to prove that
commercial chicken could increase a
persons chance of developing cancer.
There is a belief that commercial
chicken injected with growth hor-
mones can trigger cancer ... howev-
er, to date, there is no evidence to
prove that statement is true.
If cancer patients or consum-
Although it is compulsory for
employers to report such cases un-
der the Occupational Safety and
Health Act (Osha) 1994, many em-
ployers are still unaware of this, he
said in a statement here yesterday.
Section 51 of Osha and regula-
tion 13 of the Occupational Safe-
ers are more comfortable eating
organic or kampung chicken,
they are free to do so, she told
Bernama in a recent interview.
She said individuals should also
take a balanced diet with good pro-
tein sources such as chicken, fish,
low-fat dairy products and lean meat.
Natural soybean as a beverage
is not only very good for health, it
also benefits former cancer pa-
tients, added Lim. Bernama
about 9pm when it was alleged
ty and Health Regulations 2004
prescribe penalties for failure to
report and keep records of work-
place accidents.
The penalty for a conviction is
a fine not exceeding RM10,000 or
a maximum one-year jail term or
both. Bernama
been formed to investigate the
theft of diesel oil from a Thai
tanker by a group of suspected
pirates in the waters off Pahang
last Friday.
National Police deputy
spokesman Col Krissana Pat-
tanacharoen said the joint panel
comprises representatives from
the marine police and army.
The investigation into the in-
cident is ongoing and the nation-
ality of the pirates and whether
any Thai was involved in the heist
is unclear, he was quoted by the
local media yesterday.
However, he said the six or
seven pirates who boarded the
tanker communicated in Baha-
sa Malaysia.
The tanker identified as CP14
and owned by a Thai company
was sailing to Songkla in south-
ern Thailand from Singapore at
that six or seven pirates boarded
the ship in waters off Pahang.
The pirates tied up the 17
crew members, including
the captain, and destroyed
the ship security alert system
before siphoning 1.5 million
litres of diesel from the total
3.8 million litres the tanker
was ferrying. Bernama

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WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
Fed didnt make rate-hike mistake
A report adds to the growing debate about the wisdom of the monetary policy normalisation
BY
MOHAMED A EL-ERIAN
B
y encouraging systemi-
cally-important central
banks to move forward
with interest rate hikes,
the Bank for Interna-
tional Settlements
(BIS) well-written annual report
will add fuel to the growing debate
about the wisdom of the US Federal
Reserves (Fed) ongoing process of
monetary policy normalisation. This
discussion boils down to a judge-
ment on four key issues on which
there are quite a few divisions, in-
cluding within the central banking
community.
Some have already argued that,
having hiked for a second time this
year and signalled its intention for
another rate rise in the second half
of 2017, the Fed is making a policy
mistake that risks choking economic
growth. Others, including the BIS,
welcome the central banks willing-
ness to gradually move away from
too many years of exceptional mon-
etary stimulus, financial volatility
repression and ample support for
asset prices.
Where you come out on this
debate depends primarily on the
absolute and relative weights you
ascribe to four main factors all
of which are subject to genuine
Tax reform looks like an Indian wedding
BY M I H I R S HA RMA
INDIA stands on the brink of one
of its most momentous policy re-
forms in decades unprepared and
uncertain. Were just a few days
away from the launch of a new indi-
rect-tax regime, the goods and ser-
vices tax (GST), and anxiety about
its rollout is all-pervasive.
The reform, which intends to knit
India together into a single tax area
for the first time, goes live on Satur-
day in fact, at the stroke of mid-
night. The Narendra Modi-led central
government, always on the lookout
for a bit of spectacle with which to
entertain its voters, intends this to
be commemorated with a midnight
session of parliament, deliberately
echoing Indias freedom at midnight
more than seven decades ago.
Perhaps, though, the govern-
ment should be thinking more about
preparation and less about pageant-
ry. The scale of the changes needed is
daunting. Indias banks, for example,
have been caught by surprise. They
expected that the new regime meant
no change to the current system
in which they register as taxpayers
once, nationally; instead, theyre
being forced to register in each of
Indias dozens of states. Now theyre
rushing against the clock to do so.
Smaller companies have been
analytical uncertainty.
Labour market slack: The US
economy has been one of the worlds
most powerful engines of employ-
ment creation in recent years, add-
ing almost 17 million jobs since
the depth of the recession. In the
process, the unemployment rate
has fallen to 4.3%, a level that not
so long ago was deemed beyond
full employment.
But not all indicators of the la-
bour market are healthy. Wage in-
creases have been rather muted,
and notably lower than what would
have been expected given realised
job creation and the unemployment
rate. Meanwhile, and also contrary
to traditional model-based expecta-
tions, the labour participation rate
declined by 0.2 percentage points
last month to 62.7%, an historical-
ly low level.
While this combination leads to
different views on the extent of re-
maining slack in the labour market,
it is perhaps the least controversial of
the four factors. A notable majority
of analysts seems to agree that the
US economy is near, if not at, full
employment; and that much of the
remaining labour market challenges
now have an important structural
component that monetary policy
cannot effectively address.
Prospects for inflation: Unlike
the employment target, the Fed has
struggled to meet the second ob-
jective of its dual mandate the
hit equally hard. The existing sys-
tem allows them to maintain big,
dusty ledgers and receipts, and all
the paraphernalia of 19th-century
accounting. The GST, on the other
hand, is entirely online. Mom-and-
pop outfits across the country are
spending hard-earned money on
computer hardware theyre not cer-
tain about, and struggling to learn
how to use buggy tax software for the
first time. Companies such as Dell
Inc have even set up websites where
they tout their existing computers as
being special GST ready models.
This sort of frantic preparation is
visible in sector upon sector. Its not
surprising, therefore, that appeals
are coming in from everywhere to
postpone the GST by a quarter. In-
dustry associations, state govern-
ments, chartered accountants, and
even central government ministries
have begged for a little more time.
Yet the government insists that
no extra time is available, or even
necessary. Finance Minister Arun
Jaitley said, with a touch of impa-
tience, that we dont have the lux-
ury of time, and advised people to
ignore the generally querulous at-
mosphere surrounding the rollout.
In particular, he insisted the massive
computing backbone needed for
the task is ready, although it hasnt
really been stress-tested yet. About
2% inflation target. Moreover, the
central banks preferred inflation
gauge, the personal consumption
expenditures, has declined in recent
months to about 1.5% rather than
converge to the target, and inflation-
ary expectations, as measured by the
market for Treasury inflation-pro-
tected securities, have also fallen.
With that, there is a wide range of
views, including within the Fed, as
to what lies ahead.
Some view the recent inflation
decline as both temporary and
reversible, arguing that it is just a
matter of time until the 2% target
is reached. As such, they are in-
clined to look through the recent
data. Others feel that the recent fall
in inflation may be a sign of larger
problems looming, thus requiring
the Fed to temper its process of mon-
etary policy normalisation. A third
group questions the information
content of the published inflation
data, noting that they are subject
to mis-signalling on account of par-
tial measurements and structural
changes (examples include what
is happening to mobile phone bills,
as cited by Fed chair Janet Yellen).
Risks to future financial stabil-
ity: The dispersion in the range of
views becomes even wider when
it comes to the Feds influence on
future financial stability.
Despite evidence that bouts of
large financial instability can un-
dermine the attainment of the Feds
Whos ready for GST reform? As many people have argued, if you want to really get
how India works, observe people planning an Indian wedding or watch Mira Nairs
great movie about it. Photo by Bloomberg
80% of existing taxpayers have man-
aged to open an account on the new
system, but complaints have been
common. Internet forums usually
dedicated to figuring out which
sub-clauses of the Income Tax Act
can safely be ignored are now over-
run with posts complaining of the
dread phrase: Failed to establish
connection to the server.
In any case, even if the server
doest fail, and everyone buys a
computer and learns to use it in
twin employment and inflation ob-
jectives a point that was reiterat-
ed by New York Fed president Bill
Dudley in Switzerland on Monday
some still ignore this factor in
assessing the appropriate monetary
policy response. This is unfortunate.
But it doesnt mean that there is
agreement among those who do
incorporate financial stability in
their policy calculus.
Some worry that the prolonged
period of ultra-loose monetary pol-
icy has not just decoupled asset
prices from fundamentals, but also
conditioned traders and investors
to take excessive risks on the belief
that central banks will always cover
their backs. Others question the ex-
tent to which the Fed has goosed
asset prices.
Recovering from a policy mistake:
The final area of major disagree-
ment relates to the realm of what
if and, in particular, what if the
Fed ends up making an inadvertent
policy mistake.
The conventional view is that it
is easier for the Fed to recover from
the error of being too loose than
being too tight. But the cost-ben-
efit analysis changes if one of the
consequences of being too loose is
a bubble in financial markets that
then takes on its own unsettling dy-
namics (the ultimate example being
the 2008 financial crisis that almost
tipped the US and the global econ-
omy into a multi-year depression).
time, theres still likely to be a quar-
ter or two of utter confusion as the
new tax takes effect. Thats adding
to pessimism about growth over the
rest of the year especially since an
investment crisis and Modis mis-
management have already pushed
the economy into a slowdown.
Given all this, the government is
taking quite a risk in refusing to post-
pone the introduction. Remember
the glitchy rollout of Healthcare.gov
in the US? Opinions about an entire
COMMENT 17
Given the uncertainties sur-
rounding these four factors both
on a stand-alone basis and in terms
of their interaction we should
not be surprised at the extent of
disagreement that currently exits.
The extent of fluidity in recent
years, including the growing list
of improbables that have become
reality, means that policy conclu-
sions are now more a question of
judgement than the result of rigor-
ous analytical models.
This situation requires the Fed to
pursue a delicate and cautious mix
of transparency, predictability and
responsiveness. It must do so while
continuing to urge Congress and
the administration to accelerate the
policy handoff from excessive reli-
ance on unconventional monetary
measures to a more comprehensive
policy response that includes pro-
growth structural reforms, more re-
sponsive fiscal policy, very targeted
debt reduction and greater efforts at
global policy coordination.
Put me in the camp of those who,
when assessing the balance among
the four cited factors, feel that the
Feds June interest rate hike was not
a policy mistake, that another hike
in the remainder of 2017 is war-
ranted based on current indicators,
and that policymakers should take
seriously the growing risk of future
financial instability, especially in the
absence of a careful normalisation.
Bloomberg
policy can solidify in the first few
days of its implementation and
a bad IT experience can dispropor-
tionately influence such opinions.
My head tells me, therefore, that it
would be best to push back the roll-
out while the system is stress-test-
ed, open consultations are held on
reducing adaptation costs and so
on. But I dont agree: Its quite ex-
hilarating to see the government,
which has a track record of timidity
on major reform, for once showing
a bit of determination. And I cant
help being a bit hopeful as well.
Perhaps a lot of the complaints are
just people letting off steam. Jaitley
pointed out that people have had a
year to prepare, since the Saturday
deadline has been known at least
that long. He couldve argued with
some justice that even if he gave
in, then India being what it is
people might well appear as unpre-
pared in the last week before any
later launch date as well.
As many people have argued, if
you want to really get how this coun-
try works, observe people planning
an Indian wedding or watch Mira
Nairs great movie about it. Nothing
seems to be coming together until the
last moment, but it all hangs together
in the end. Lets hope that the GST
rollout is just suffering from the Indi-
an wedding syndrome. Bloomberg
18 H O M E B U S I N E S S WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

MAJOR COLLABORATION ... DRB-Hicom Bhd signed the denitive agreement for Chinas Zhejiang Geely Holding Group Co Ltd (ZGH) to take a 49.9% equity stake in Proton Holdings Bhd in Kuala Lumpur on
June 23. DRB-Hicom also sold its entire stake in Lotus Advance Technology Sdn Bhd to ZGH and Etika Automotive Sdn Bhd. Present at the signing ceremony were (from left) DRB-Hicom chief operating ocer of properties,
corporate planning and strategy Shaharul Farez Hassan, Malaysias Special Envoy to China Tan Sri Ong Ka Ting, Chinas Ambassador to Malaysia Dr Huang Huikang, DRB-Hicom group managing director Datuk Seri Syed Faisal
Albar, DRB-Hicom chairman Brigadier General (K) Tan Sri Dr Mohd Khamil Jamil, Prime Minister Datuk Seri Najib Razak, ZGH president and Geely Auto Group chief executive ocer An Conghui, ZGH chairman Li Shufu, Second
International Trade and Industry Minister Datuk Seri Ong Ka Chuan, Second Finance Minister Datuk Seri Johari Abdul Ghani and ZGH executive vice-president and chief nancial ocer Daniel Li Donghui.

1 2

3 4

WEEK IN FOCUS
1 The CIMB-Eraman Spend and Win Cam-
paign prize-giving ceremony was held in
Kuala Lumpur on June 22. CIMB Group
consumer banking head of cards, re-
tail assets and deposits Vipin Agrawal
(left) and Malaysia Airports (Niaga) Sdn
Bhd general manager Zulhikam Ahmad
(right) handing over the keys of the BMW
118i Sport to Melvyn Ramayah William
Vasudev, the grand prize winner of the
campaign. Held from March 1 to April 30,
customers who shopped at Eraman using
their CIMB Bank credit card and spent a
cumulative amount of RM250 in a single
day earned themselves one contest entry.
Celebrating the inaugural flight from Jo-
hor Baru to Kuala Terengganu at Sultan
Mahmud Airport were (from second left)
AirAsia Bhd head of commercial Spencer
Lee, Terengganu state secretary Datuk
Wan Nawawi Wan Ismail, Terengganu
Menteri Besar Datuk Seri Ahmad Razif
Abdul Rahman, AirAsia chief executive
officer Aireen Omar, Terengganu state fi-
nance officer Datuk A Rahman Yahya and
Terengganu tourism department direc-
tor Tun Ahmad Faisal Tun Abdul Razak.
3 AXA Affin Malaysia will be organising
the AXA Hearts in Action Run for the
third consecutive time this year, and it
is aimed at making cash contributions
to four non-profit organisations, name-
ly WWF-Malaysia, the National Council
of Womens Organisations (NCWO), the
National Kidney Foundation (NKF) and
World Vision Malaysia (WVM), it an-
nounced in Kuala Lumpur on June 21.
Seen here are (from left) WWF-Malay-
sia general manager of marketing Yeap
Chong Wei, NCWO secretary-general
Omna Sreeni-Ong, WWF-Malaysia head
of finance Shynta Rina Yoernal, AXA Affin
General Insurance Bhd chief marketing
and bancassurance officer Rebecca Tan,
NKF chief executive officer Chua Hong
Wee and WVM head of resource devel-
ing Co Sdn Bhd (MRC) on June 19 donat-
ed RM184,000 worth of Hari Raya aid to
underprivileged residents of Tangga Batu,
Sungai Udang and Merlimau in Melaka.
The recipients consisted of 180 families
and 320 students from 16 schools, each
receiving RM250 in cash and a food ham-
per. RM90,000 was contributed by Badan
Kebajikan Islam Petronas, while the re-
maining RM94,000 was contributed by
MRC employees. MRC managing director
and chief executive officer Hashim Majid
(in yellow jacket) is seen here presenting
a food hamper and cash donation to one
of the recipients.

2 Low-cost airline AirAsia on June 22 com-

menced its first flight from Johor Baru to
will take place on Sept 24 at the Malay-
sia Agro Exposition Park, Serdang, Se-
opment Monica Tan.
5 Perusahaan Otomobil Kedua Sdn Bhd
(Perodua) has introduced the Perodua
Kuala Terengganu. The new route will
operate with three weekly direct flights.
langor. The charity run is divided into
two categories 6km and 12km and 4 Petroliam Nasional Bhd (Petronas)
through its subsidiary Malaysian Refin-
Eco Park within its 500-acre (202.34ha)
campus as part of its commitment to the
WED N E S DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
5 6
7 8
10
environment, it announced in Rawang,
Selangor, on June 19. The park meas-
ures 1,500 sq m and costs approximately
RM300,000 to build, and is expected to
be completed by October. Present at the
internal launch of the park were Pero-
dua president and chief executive officer
Datuk Dr Aminar Rashid Salleh (centre),
Perodua Auto Corp Sdn Bhd president
Masanori Takahashi (left) and Perodua
Global Manufacturing Sdn Bhd president
Datuk Ahmad Suhaimi Hashim.
6 (From left) AEON Credit Service (M) Bhd
managing director Kenji Fujita, chairman
Datuk Abdullah Mohd Yusof, and exec-
utive director and chief financial officer
Lee Kit Seong at the press conference
after AEONs annual general meeting in
Kuala Lumpur on June 21.
11
7 AMMB Holdings Bhd chairman Tan Sri
Azman Hashim (right) and International
Islamic University Malaysia (IIUM) rector
Professor Datuk Seri Dr Zaleha Kamarud-
din at the Azman Hashim-IIUM Ummat-
ic Scholarship award ceremony in Kuala
Lumpur on June 19.
10
8 Citis recent Cruise Away with A BMW 7
Series campaign for loyal Citi Visa card-
holders saw Wong Huey Shyan as the grand
prize winner of a luxurious BMW 730Li, it
announced in Kuala Lumpur on June 20.
Seen here are Wong (centre), Citi director
and head of cards and consumer lending
Federico Grigera (right), and Visa coun-
try manager for Malaysia Ng Kong Boon.
9 AIA Bhd has launched two first-in-market
insurance solutions, A-Life Lady360 and
11
H O M E B U S I N E S S 19
9
A-Life Joy, targeted at mothers and new-
borns, it announced in Kuala Lumpur on
June 23. Seen here at the announcement
tubuhan Tindakan Wanita Islam Soup
Kitchen along Medan Tuanku and Kota
Raya in Kuala Lumpur on June 21. They
of the solutions is AIA chief marketing also delivered Hari Raya goodies and
officer Eric Chang. basic necessities donated by employees
to Lembaga Pelawat Rumah Ehsan in
The Malaysian Insurance Institutes
Welfare and Sports Club (WASP) re-
Kuala Kubu Baru, Pusat Pemulihan Da-
lam Komuniti Rawang, Pusat Pemulihan
cently visited Pusat Jagaan Titian OKU
Nur in Rawang, Selangor, and donat-
ed RM4,360 worth of electrical items,
Dalam Komuniti Sungai Choh, Serendah,
Selangor Cheshire Home and Dignity for
Children Foundation from June 19 to 22.
food and cash. Seven WASP committee Allianz Malaysia also distributed goodies
members led by WASP president Zubair to all students at SK Tebing Tinggi and
Mohamad (second from right) visited
the centre to spend time with the 60
residents of the home.
SK Sokor in Tanah Merah, Kelantan, and
underprivileged families in Gua Musang
(Kelantan), Pasir Mas (Kelantan), Teluk
Intan (Perak) and Bangi (Selangor). Head
A total of 63 Allianz Malaysia Bhd vol-
unteers served around 700 homeless
and urban poor per session at the Per-
of Allianz4Good Ng Siew Gek (second
from right) personally delivered good-
ies and basic necessities in Gua Musang.
20 W O R L D B U S I N E S S
Glencore to lose Rio deal?
The Australian group passed on the mining giants offer for a second time
BY T H O M A S B I ESH EU VEL
& PER RY WI L L I A MS
LONDON/SYDNEY: Glencore plcs
years-long pursuit for a bigger Aus-
tralian coal business was delivered
another setback on Monday af-
ter Rio Tinto Group passed on the
companys offer for a second time.
Now the mining giant run by a
former coal trader is running out of
time to come back with a better offer
or lose out on a deal the company
has chased since at least 2013. The
Cheniere prepares for next round of LNG projects
BY RYA N COL L I N S
HOUSTON: Sixteen months after
finishing a terminal and sending
the first cargo of US shale gas over-
seas, Cheniere Energy Inc is already
preparing for its next round of ex-
port projects.
Cheniere is looking at new ways
to finance more terminals that chill
gas to a liquid and ship it across the
globe, including skipping banks
altogether and seeking out other
capital sources, chief executive of-
ficer Jack Fusco said in an interview
at the companys headquarters in
Houston, Texas. The company has
room to grow: It has leased addi-
tional acres at its flagship Sabine
Pass terminal in Louisiana and has
the option to purchase more land at
a Corpus Christi, Texas, site, where
another export project is under
construction.
Chenieres looking to build more
liquid natural gas (LNG) plants
even as supplies from the US to
Australia are flooding the global
market, expanding a glut of the fuel
and prompting investors to back
new export facilities at the slowest
pace since 1999. But a second round that will benefit low-cost producers
of projects is emerging on specu- offering flexible contracts.
lation that the slowdown will lead
to a post-2020 construction boom isting infrastructure to build what-
Nestle gives Dan Loeb an Alpine peak to climb
BY JEFFREY GOL DFA RB
NEW YORK: Nestle gives Dan Loeb
a fresh peak to climb. The pushy
billionaire boss of hedge fund
Third Point has set his sights on
the Swiss producer of everything
from Alpo to Kit Kat and Perrier.
Leviathan consumer groups have
proven to be tough targets of late,
both for activists and suitors. Loeb
clearly likes a challenge, though,
evidenced by his efforts to agitate
Japanese companies to change.
The US$3.5 billion (RM15.02
billion) investment in Nestle, with
its headquarters on the north
shore of Lake Geneva, is Loebs
biggest. He reckons the US$263
mines are situated near Glencores
own operations in the Hunter Valley,
and the ability to work them togeth-
er makes them an attractive prize.
They wanted these assets for a
long time, said Paul Gait, an analyst
at Sanford C Bernstein Ltd in Lon-
don. Never say never, but they will
be disappointed if they ultimately
go to Yancoal.
Rio stuck with Yancoal Australia
Ltd for the operations in New South
Wales because of the likelihood of
a speedier completion, despite two
Our goal is to leverage the ex-
billion Goliath should dump its 23%
stake in LOreal which Reuters
said in February there was no good
reason for it to hold and borrow
more money to buy back shares.
The companys staid culture and
tendency towards incrementalism
also need addressing, Loeb wrote in
a letter to his investors on Sunday.
Sprawling conglomerates often
attract attention, but can be hard
to push around. Nelson Peltz, for
example, never managed to break
up Pepsi. Earlier this year, his Trian
Fund turned its attention to US$230
billion Procter & Gamble, where Bill
Ackmans Pershing Square had ven-
tured earlier with little to show for it.
Likewise, Ackman started pestering
last-minute bids from Glencore.
Rio shareholders were to meet in
London yesterday and Australia to-
morrow to approve the deal, giving
Glencore little time to counter. A
spokesman for Glencore declined
to comment on the deal.
This sale process has been in
progress for a long period of time
and we believe it is in the best
interests of our shareholders to
take the greater certainty of Yan-
coals strong proposal, Rios chief
executive officer Jean-Sebastien
ever the next round requires, Fus-
co said on Monday. We can do a
better job financing and getting
our financing costs down in the
Irene Rosenfeld, the chief executive
officer (CEO) of Mondelez, where
Peltz also was an investor, but the
stock price hasnt budget since Ack-
man bought a US$5.5 billion stake
in August 2015.
Corporate muscle has run into
strong defences, too. Unilever, the
Anglo-Dutch maker of Hellmanns
mayonnaise, in February swatted off
a US$143 billion takeover approach
from Kraft Heinz, backed by Warren
Buffett and the Brazilian investors at
3G. And Hershey rejected unwanted
advances from Mondelez last year.
Loeb is obviously undaunted. He
dared to challenge the entrenched
boardrooms of corporate Japan, on
the back of initiatives spearheaded
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Jacques said in a statement.
The two offers are:
* Glencore: US$2.68 billion
(RM11.5 billion) in cash, plus a
coal price-linked royalty. The com-
pany also agreed to compensate for
regulatory delays and pay a US$225
million deposit, which would be
forfeited if the deal does not win
regulatory approval.
* Yancoal: US$2.45 billion cash,
US$240 million in royalty payments
and an increased break fee.
Bloomberg
capital markets. Were evaluating
all those things to try to get our-
selves much more competitive.
Bloomberg
by Prime Minister Shinzo Abe. The
Third Point boss scored some wins,
including wringing higher payouts
out of robot maker Fanuc. Despite
walking off with a profit from an
investment at Sony, however, the
Japanese electronics heavyweight
rejected his demands to spin off its
entertainment business.
Nestle is a tastier target. Ulf
Mark Schneider is still settling
into the CEOs seat. He started by
scaling back sales growth targets,
a pattern under his predecessor.
As the bedrock of Switzerlands
multinational success, Nestle pre-
sents a formidable mountain for
Loeb. Yet he may find it some-
what movable. Reuters
IN BRIEF
JPMorgan turns bullish
on future of global
investment banks
NEW YORK: Four years after
questioning whether global
investment banks would sur-
vive the regulatory scrutiny
unleashed after the financial
crisis, JPMorgan Chase & Co
analysts are now singing a dif-
ferent tune. Investment banks
are in better shape and better
managed than ever, especially
in the US, analysts led by Kian
Abouhossein wrote in a note
to clients on Monday. Global
investment banks have made
excellent progress in reducing
their cost base and continue
to remain focused on creating
positive operating leverage. US
investment banks are much
better positioned compared
with European and Japanese
peers, the analysts said, citing
progress on cost-cutting and the
potential for a relaxation of reg-
ulation in the US. Bloomberg
Nvidia in self-driving
deals with Volvo, Autoliv
SAN FRANCISCO: Chipmak-
er Nvidia Corp announced on
Monday it was partnering with
Volvo Cars and Swedish auto
supplier Autoliv to develop
self-driving car technology for
vehicles due to hit the market by
2021. Volvo is owned by Chinas
Geely Automobile Holdings Ltd.
The Silicon Valley-based Nvidia
also announced a non-exclu-
sive partnership with German
automotive suppliers ZF and
Hella for artificial intelligence
technology for autonomous
driving. Nvidia came to prom-
inence in the gaming industry
for designing graphics process-
ing chips, but in recent years has
been a key player in the auto-
motive sector for providing the
so-called brain of the autono-
mous vehicle. Reuters
Spanish lender Bankia to
buy BMN in all-stock deal
MADRID: Bankia SA agreed
to acquire Banco Mare Nos-
trum SA (BMN) in an all-stock
deal as Spain seeks to recoup
the costs of bailing out the two
nationalised lenders. Spains
fourth-biggest bank will issue
new stock amounting to 6.7%
of its post-merger capital to the
shareholders of BMN, the bank
said in a statement yesterday. The
transaction values the unlisted
BMN at 825 million (RM3.99
billion), or 0.41 times its book
value, Bankia said. Bloomberg
Deutsche Banks LaVorgna
said to exit US post
NEW YORK: Joe LaVorgna has
stepped down as a chief US econ-
omist of Deutsche Bank AG, ac-
cording to people familiar with
the move. He left the German
lender last week and is planning
to work elsewhere in financial
services, said one of the people,
who asked not to be identified
discussing personnel matters.
Peter Hooper, who worked along-
side LaVorgna, will continue to
handle duties tied to economic
forecasts and analysis, said an-
other person. Bloomberg
WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
Noble Group dips as Fitch sees possible default
BY DEN I SE WEE
HONG KONG: Noble Group Ltd
shares slid yesterday on the first
day of trading after Fitch Ratings
cut the embattled commodities
traders credit rating to a score in-
dicating that a default is possible.
The companys stock dropped
2.8% as of 3.04pm in Singapore af-
ter a public holiday on Monday. It
Chinas latest
logistics IPO is
hard to unpack
BY RO BY N MA K
HONG KONG: Chinas latest
logistics flotation is hard to un-
pack. Alibaba-backed Best Inc
wants to list in New York just a
few months after a rivals disap-
pointing debut. The loss-mak-
ing group is faster-growing and
more diverse. But the extra com-
plexity could make this a hard
sell for already wary investors.
Hangzhou-based Best is
looking to raise around US$1
billion (RM4.29 billion), accord-
ing to someone familiar with the
deal. That would make this the
largest Chinese flotation in the
United States since a compet-
ing delivery outfit, ZTO, raised
US$1.4 billion in October. But
ZTO is now trading about 26%
below its initial public offering
(IPO) price. That is partly be-
cause of an overly aggressive IPO
price. But competition is robust,
costs are rising, and ZTO is be-
coming more capital-intensive.
Best is hoping to stand apart.
Demand for logistics in China
is soaring as both brick-and-
mortar shops and online giants
Alibaba and JD race to deliver
goods to web-savvy consumers.
Unlike the US$11 billion ZTO,
which focuses on the fierce-
ly competitive delivery sector,
Best wants to offer a far wider
range of services. These include
helping sellers manage supply
chains, for example by operat-
ing warehouses, and sourcing
merchandise for corner stores.
That bid for differentiation is a
bit of a stretch. It is true that top-
line growth has been impressive.
Last year, revenue jumped 68% to
US$1.3 billion. But Best is not yet
profitable. And it remains heav-
ily reliant on delivery: Express
and freight services accounted
for almost 80% of total sales. To
make matters worse, the group
is playing catch-up with the likes
of ZTO for market share.
Prospective buyers will need
to believe in the potential of the
newer businesses, and to un-
derstand clearly how it all fits
together. The closest competi-
tors are the logistics arms of JD
and Amazon but these are
not stand-alone, profit-mak-
ing companies. And like ZTO,
its delivery unit is heavily de-
pendent on business from Al-
ibabas sites. This adds up to a
less-than-straightforward pack-
age. Reuters
earlier fell as much as 7.6%. Fitch
slashed its rating late last Friday by
two steps to CCC, its third down-
grade since the middle of last
month. Fitchs definition for that
rating says it indicates substantial
credit risk and that default is a
real possibility.
The moves mark a reversal fol-
lowing a 63% surge in Noble Group
shares last week, when the compa-
Nomura said to
bolster compliance
It breached securities laws in its handling of non-public information
BY TAKAHIKO HYUGA
TOKYO: Nomura Holdings Inc
plans to bolster internal controls
after finding that it breached se-
curities laws in its handling of
non-public information about a
company it took public last year,
people with knowledge of the mat-
ter said.
Japans biggest brokerage sub-
mitted a report to the Financial
Services Agency (FSA) this month
acknowledging that it violated lo-
cal laws and detailing steps to im-
prove how it handles corporate in-
formation, the people said, asking
not to be identified because the
matter is private.
Following an internal investi-
OOPS, NO GPS ... A Chinese bike-sharing company, Wukong Bikes, has gone out of business because according to the BBC,
90% of its bikes went missing in the rst ve months of operation. Chongqing-based Wukong Bikes said the bulk of its 1,200 two-
wheelers were lost or stolen. Unlike rivals, the rm did not put global positioning system (GPS) devices on its bikes and by the time it
realised the technology was necessary, money had run out. It is believed to be the rst bankruptcy of Chinas booming bike-sharing
industry. Photo by Wukongbike.com
ny said it remains in talks with po-
tential investors after agreeing with
lenders to extend its US$2 billion
(RM8.58 billion) credit facility by
four months. The struggle to sus-
tain the rally flags challenges for
the company, in which Abu Dha-
bi fund Goldilocks Investment Co
became a major holder last week,
as it searches for a strategic inves-
tor to restore confidence following
gation, Nomura found a former
branch manager in Kyushu in
southern Japan mishandled pri-
vate information that Wash House
Co was considering a stock split,
Bloomberg reported earlier this
month. Nomura arranged the
coin-laundry operators initial
public offering (IPO) in Novem-
ber, a deal the former branch chief
was involved in.
As part of efforts to strength-
en compliance, Nomura plans to
boost monitoring of sales activities
at its 158 domestic retail outlets,
the people said. It will also intro-
duce training for branch managers
to undergo before working on IPOs
to remind them that they are pro-
hibited from commenting about
W O R L D B U S I N E S S 21
a collapse in its shares and bonds
this year.
Fitch estimates that Noble had
US$900 million of cash on its bal-
ance sheet at end May, and should
be able to cover the US$600 million
drawn under the borrowing base
facility. It added that the facility
also gives Noble access to letters
of credit, of which US$1 billion had
been drawn. Bloomberg
the companies after the listings,
they said.
Shares in Nomura rose as much
as 2.4% yesterday morning in To-
kyo, more than four times the
benchmark Topix index. Nobuyuki
Fujimoto, a senior market analyst
at SBI Securities Co in Tokyo, said
the firms efforts to fix internal
controls will boost shareholder
confidence.
The Securities and Exchange
Surveillance Commission, Ja-
pans securities watchdog that
reports to the FSA, will decide
whether it needs to inspect No-
mura after the agency examines
the companys report, people
with knowledge of the matter
said. Bloomberg
IN BRIEF
At last minute, Western
Digital resubmits bid for
Toshiba chip unit
TOKYO: Western Digital Corp
said it and US private equity firm
KKR & Co LP have resubmitted
a bid for Toshiba Corps prized
flash memory chip unit an
eleventh-hour effort to prevent
Toshiba signing a deal with its
preferred bidder. Western Dig-
ital, which jointly runs Toshibas
main semiconductor plant, has
been feuding bitterly with its Jap-
anese partner over the sale of the
worlds No 2 producer of NAND
chips and has sought a US court
injunction to prevent any deal
that does not have its consent.
Toshiba is seeking to sign a defin-
itive agreement with a group led
by the Japanese government and
including Bain Capital which
has offered around 2 trillion
(RM76.78 billion) by today, the
day of its annual shareholders
meeting. Reuters
JGBs mostly rm after
strong demand at
two-year sale
TOKYO: Japanese government
bonds (JGB) mostly firmed
yesterday, bolstered by strong
demand at an auction of two-
year notes. The 10-year cash
JGB yield fell half a basis point
to 0.045%, while the Septem-
ber 10-year JGB futures con-
tract finished up 0.13 point
at its session high of 150.62.
The finance ministrys sale
of 2.2 trillion (RM84.45 bil-
lion) of two-year JGBs with
a 0.10% coupon produced a
lowest price of 100.4050, with
some 67.1989% of the bids ac-
cepted at that price. The sale
drew bids of 6.79 times the
amount offered, even higher
than the previous sales ro-
bust bid-to-cover ratio of 5.06
times. Reuters
Bankrupt Takata faces
angry shareholders
TOKYO: Takata executives faced
angry investors yesterday after
the company at the centre of
the worlds biggest auto safety
recall filed for bankruptcy and
said it was being bought by a
US company. The filing all but
destroys any value left in the
shares in the Japanese airbag
maker, which will be delisted
from the Tokyo stock exchange
next month. Many who attended
the shareholder meeting yester-
day expressed outrage at how
the auto parts giant handled
the crisis caused by a defect in
the firms airbags that has been
blamed for at least 16 deaths and
scores of injuries. Yesterdays
meeting was held to reappoint
the companys board. AFP
Samsung to sell o
refurbished Galaxy Note7s
SEOUL: The worlds biggest
smartphone maker Samsung
will next week start reselling re-
furbished Galaxy Note7 devices
after a humiliating recall over
exploding batteries last year,
news reports said yesterday.
Around three million Galaxy
Note7 devices were returned
to the firm. AFP
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Mercedes GLC300 Coupe. Photos by Bloomberg
MOVE OVER, SUV
BY K Y L E STOC K
I
n four days of driving, the new
Mercedes GLC300 Coupe incites
a common refrain: That thing is
sexy. What is it?
This from a self-identified car
guy outside a fishing shop in
upstate New York, though variations
emerged from all types of folks. At gas
stations, stoplights, and even in brown-
stone Brooklyn during a dodgy paral-
lel-park, curious passers-by invariably
gaped at the strange, buggy Benz. Ive
driven six-figure, carbon-veined sports
cars that turned fewer heads.
So whats the answer? What is this ma-
chine? Its a master class in curb appeal.
A cure for sports utility vehicle (SUV) fa-
tigue. The latest entry in a strange genus
of automobilia that makes little sense but
lots and lots of money.
The GLC Coupe joins Mercedess larg-
er GLE Coupe and BMWs X4 and X6 in
a burgeoning class of vehicles that have
the height and weight of an SUV but
the shape of a sports coupe. They dont
drive quite as well as their lower-slung
siblings, and they dont haul as much as
their full-size twins. These rigs are the ve-
hicular equivalent of Tim Tebow not
particularly great at anything, but boy,
is he athletic.
[Buyers are] really drawn to the vehi-
cle, based off of exterior styling and the
image of the car, said Keith Edwards, a
Mercedes product manager for the GLC
line. A coupe, at the end of the day, is
about showing off.
Bayerische Motoren Werke AG calls
SACs by Mercedes and BMW are killing it
Workers preparing an exhibition stage next to a Mercedes Benz concept GLC Coupe during the 16th Shanghai
International Automobile Industry Exhibition in Shanghai, April 20, 2015. A coupe, at the end of the day, is
about showing o, says Edwards. Photo by Reuters
these Teutonic moon rovers sports activity
coupes SACs, if youre into acronyms.
Its an SUV with a little less U. BMW start-
ed this segment-within-a-segment in 2009,
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
when it chopped the booty off its X5 and
rolled out the X6. In 2014, it followed with
the X4, the coupe-fied version of its smaller
X3 SUV. Daimler AGs Mercedes-Benz got in
the game the following year with its GLE
Coupe and released its smaller, cheaper
GLC Coupe in January.
Hustling the machine along a sinuous
interstate, I get the appeal. Its an exer-
cise that is equal parts Mad Max and Star
Trek. With its height and hunched stance,
the rig seems ready for a race through
the desert. Yet its squat haunches and
wide tires arc the big machine through
corners with futuristic grace. The body
hardly leans, despite its elevation, the
steering is tight, and the cockpit, with
its click-wheel entertainment controls
and jet-engine vents, is the spaceship
trim standard on all Mercedes these days.
The small, slanted window in back is
a constant reminder that its not an SUV
at least not quite. The GLC Coupe can
still be had with a trailer hitch good for
hauling up to 3,000 pounds (1,360.77kg).
Even so, our fearless pooch Woodrow
just didnt get it. Sure, as a teenage Lab
hes a bit of a dim bulb. But plopped into
the way back with the tail-gate open, his
head cleared the roof line. His crinkled
eyebrows asked: How is this going to
work? Sure, the back seats lie flat, but
thats where the kids and the gear go.
This, too, however, syncs with the in-
tent of the vehicle. These machines em-
body consumption at its most conspicu-
ous vehicles for customers who want
to drive a hulking SUV but dont want
anyone to think they need one. The Cost-
co crowd need not apply. The dogs will
have to wait for their walkers.
I look at these things as almost pres-
aging SUV fatigue, said Bill Visnic, edito-
rial director at the Society of Automotive
 live it! 23
WED N E S DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY

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

Elevated coupes draw a slightly younger and more auent customer

Engineers. It is sort of irrational, but
irrationality is kind of a big part of it.
And then there are the specs. The new
GLC Coupe will get up to 60 miles per
hour (96.56kmph) in 6.4 seconds, not
one tic faster than the standard GLC SUV.
Meanwhile, it offers 13% less space and
has a starting sticker price 10% higher.
The size-to-cost discrepancy is even
starker in the BMW line. The X4 and X6
each have one-fifth less space than the
X3 and X5 and the get-in cost can be as
much as 19% higher. BMW says its X4 and
X6 buyers tend to be couples, whereas
those buying their SUV siblings have
families. Mercedes, meanwhile, says its
elevated coupes draw a slightly younger
and more affluent customer.
Its a form of young love and, as such,
predictably expensive. These SACs are
money machines. They are cranked out
on the same assembly lines as their SUV
counterparts, using the same platforms
and parts, generally speaking. Only the
styling, skin, and some tuning and extras
are different.
In short, most of the price premium
is pure profit.
Buyers are willing to pay up further,
according to Mercedes, eager to add
such expensive extras as sport packages
and bigger wheels. Mercedes doesnt
detail sales by model variant but said
the coupes have been a great success
and a useful tool for conquering cus-
tomers from other brands. Youre ba-
sically working with a high household
income and a very trend-setting crowd, As I loaded up my fishing gear and goosed
Edwards said. Theyre certainly in the the car down a knobby dirt road, I wanted
hands of the right customers in the a little more space for rod cases and other
right places. paraphernelia. When I hit the interstate
The hybrid body type first hit the draft and zoomed back to Brooklyn dogless
table in the heady days of the mid-2000s, I wanted the car to squat a little closer to
when BMW sketched its X6. The final the ground. Still, when I stopped for gas, I
product rolled out in 2009, during the once again became an unwitting Mercedes
depths of the recession. Realising the salesman.
extravagance of the vehicle and sub- Heres the dirty secret in the auto in-
prime timing, BMW put little market- dustry, one clearly illustrated by the so-
ing momentum behind it, according to called SAC: Car customers arent all that
product manager Alanna Tracey-Bahri. rational. Sure, they know what they should
The hips and raked roof were messaging buy, but the best laid plans of deep inter-
enough, it turns out. net research are quickly trumped by what
It seems silly, but it was the right time speaks to them from the show floor. Its an-
to meet that demand. BMW now sells imal spirits manifest in horsepower. What
one X6 for every seven or so X5s, and the else explains the millions of proud F-150
sporty trucks havent hurt its traditional owners who never need to haul a thing,
SUV business a bit. It has one of the most let alone 5,000 pounds? Or the legions of
amazing life cycles, Tracey-Bahri said. casual stop-and-go commuters sitting in ing a car is still an emotional transaction. something bigger, something less
Next year, BMW will roll out an all-new machines that can zip to 60 in three sec- Mercedes says a huge proportion of its SUV expressive. Then they see the Mad
model, the X2, a sports coupe iteration onds? Despite all the autonomous driving coupe customers go into dealerships with Max version of a sports car and ask:
of its smallest SUV, the X1. algorithms buzzing in the dashboard, buy- the intent of buying something else entirely What is that? Bloomberg

BMWs X6 was the rst SUV to get the coupe treatment when it hit the market in 2009. Woodrow, typically an SUV fan, was confused by the GLC Coupes cramped SAC trunk.
2 4 S P O RT S
Nicklaus says Tiger
faces tough road back
This is while he deals with physical injury, among other issues report
WASHINGTON: Jack Nicklaus says
Tiger Woods will have a very difficult
time making a comeback to compet-
itive golf as he deals with physical
injury issues and undergoes treat-
ment for managing medications.
Speaking on Monday to USA
Today at a charity tournament in
Virginia, the US, the winner of a re-
cord 18 major titles is not optimistic
US$2m for child
of Fifa member
before 2022
World Cup award
BERLIN: A sum of US$2 million
(RM8.58 million) was sent to a
Fifa officials 10-year-old daugh-
ter prior to Qatar being awarded
the hosting of the 2022 World
Cup, according to Bild.
The German daily is publish-
ing, starting yesterday, Ameri-
can independent investigator
Michael Garcias report into al-
leged bribery and corruption
during the bidding to host the
2018 and 2022 World Cups.
In an extract of the article re-
leased on Monday evening, the
popular tabloid claims to have
obtained the report of more
than 400 pages which has nev-
er been properly published by
world footballs governing body.
According to Bild, in the re-
port Garcia reveals a former
executive committee member
congratulated members of the
Qatari federation and thanked
them by mail for a transfer of
several hundred thousand eu-
ros just after Qatar was award-
ed the 2022 tournament.
Two million dollars from an
unknown source arrived in the
savings account of the 10-year-
old daughter of a Fifa member.
Bild also said three Fifa execu-
tive members with the right to
vote went to a party in Rio de
Janeiro in a private jet belonging
to the Qatari federation before
the vote to decide who would
host the competition.
The Aspire Academy in Qa-
tar, one of the biggest sports
academies in the world, is also
implicated in a decisive man-
ner in the manipulation of Fifa
members who had the right to
vote, the paper adds.
Following Garcias investiga-
tion, the adjudicatory chamber
of Fifas ethics committee noted
there had been suspicious be-
haviour during the bidding pro-
cess but not enough to call into
question the decision to give
Qatar the 2022 final or Russia
the 2018 tournament. AFP
after Woods arrest last month for
driving while impaired and a back
surgery Woods revealed in April
that he had undergone.
Hell have a very hard time. I
dont know whether Tiger will play
much golf anymore, Nicklaus said.
He might come back and play I
think it would be pretty tough for him,
after getting [his spine] fused and as
Pacquiao eyeing Mayweather
rematch, says trainer
SYDNEY: A rematch between Floyd
Mayweather and Manny Pacquiao,
also known as Pac-Man, could be
on the cards if the legendary Fili-
pino boxer wins his bout against
Australian challenger Jeff Horn this
weekend, his trainer said yesterday.
Pacquiao, outpointed by May-
weather in a match touted as the
fight of the century two years ago,
will be the strong favourite when he
defends his world title against the
unbeaten Horn in Brisbane.
However, the fight with Horn
could be critical as to whether the
Pac-Man would secure another
superfight with his American ri-
val, Freddie Roach, former boxer
and boxing trainer, told reporters
in Brisbane.
He (Horn) can derail us really
badly. Manny is, I think, in a must-
win situation. He wants a rematch
with Mayweather, Roach said.
And I mean to get Mayweather,
you have to look good against Jeff
Horn. He has to look good [too]; he
has to be impressive.
Top seeds hoping for pre-Wimbledon form at Eastbourne
BY SCOTT W ILLIAM S
EASTBOURNE (UK): Novak
Djokovic (pic) and Angelique
Kerber, the ATP-W TA East-
bourne events top seeds, are
targeting successful comebacks
this week that they hope will
serve them well for Wimbledon.
Djokovic, the worlds No 4
playing at a pre-Wimbledon
event for the first time in seven
years, will have coaching adviser
Andre Agassi in his corner after
the pairs recent collaboration at
the French Open.
Kerber, back from a leg in-
jury and fighting to hang onto
the womens top ranking, pro-
nounced herself fit and eager
to get stuck into the grass. The
many problems as he has had recent-
ly. His are more life problems than
they are golf problems right now.
Woods will not appear at this
weeks PGA National tournament
in suburban Washington because
he continues to undergo treatment
for managing medications for back
pain and a sleeping disorder, issues
which Woods revealed last week in
I think there is a lot riding on
this fight and I feel Manny has to
look really good in this fight, and
the way the training camp [which
he had undergone] went, I think
he will.
two-time Eastbourne finalist is
also hoping to make it third time
lucky at the southern English sea-
side venue.
You have to play your
best tennis [form] from
the first round, the
29-year-old said. It
doesnt matter who
youre playing against
right now. You have
to be focused and play
your best [match].
K e r b e r, w h o
trained in Mallorca,
Spain, last week af-
ter recovering from
her injury, started
in the second round
yesterday against
Kristyna Pliskova,
WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
a Twitter posting.
Last month, Woods was arrested
and charged with impaired driving
near his Florida home. A breatha-
lyser showed no alcohol in his sys-
tem and he later said he was una-
ware he would have such a strong
reaction to several prescription
medications that he was taking
simultaneously. AFP
Pacquiao seen
at a news
conference in
the Philippines.
Coy about
a possible
rematch with
Mayweather,
he is focusing
instead on a
ght with Horn
in Brisbane this
weekend.
Photo by
Reuters
Pacquiao is coy about a possible
rematch, stressing his focus is on the
World Boxing Organisation welter-
weight title fight against 29-year-old
former schoolteacher Horn at Bris-
banes Suncorp Stadium. AFP
a winner over Briton Naomi
Broady 6-2, 6-7 (9/7), 6-1 in the
first round.
Djokovic has been making
himself familiar with the Devon-
shire Park courts over a few days
of training there. The Serb knows
the goal of Wimbledon looms
large for all players involved.
Wimbledon is one of the
most important tournaments
in the world for everyone,
he said. On this sur-
face, of course, its
by far the most
important. I
would like
to get some
matches under
my belt here and pre-
pare. AFP
IN BRIEF
Ledecky seeks more than
chance to defend four
world titles
CHICAGO: Five-time Olym-
pic champion Katie Ledecky
will try to qualify for five indi-
vidual events at next months
world championships after the
US Swimming Championships
began yesterday at Indianap-
olis, US. The 20-year-old su-
perstar is entered in the 100-,
200-, 400-, 800- and 1,500-me-
tre freestyle events in the five-
day meet and is the top-seeded
reigning world champion in all
but the 100m category. She is
now seeking the opportunity
to defend all those titles and
also takes her chances in the
100m freestyle, in what could
be a preview of her 2020 Tokyo
Olympics effort. AFP
Serena asks McEnroe
for respect after
comparison to men
NEW YORK: Serena Williams,
23-time Grand Slam singles
champion, fired back on Mon-
day at seven-time Grand Slam
singles winner John McEnroes
remark on National Public Ra-
dio that she would only rank
about 700th on the mens ten-
nis circuit. On Monday, Wil-
liams responded in two Twitter
postings. Dear John, I adore
and respect you but please,
please keep me out of your
statements that are not fac-
tually based, she wrote. Ive
never played anyone ranked
there nor do I have time. Re-
spect me and my privacy as Im
trying to have a baby. Good day
sir. AFP
All Blacks Kaino denies
intent to hurt Murray
WELLINGTON: All Blacks Je-
rome Kaino yesterday reject-
ed allegations he maliciously
targeted British and Irish Lions
scrum-half Conor Murray and
predicted a backlash from tour-
ists after their first Test loss. Li-
ons coach Warren Gatland said,
after the 30-15 defeat, players
were recklessly diving at Mur-
ray in a dangerous manner that
could cause a career-ending
injury. Kaino had crashed into
Murray early in the game while
the Irishman was kicking. The
flanker said he was trying to
disrupt Murrays kick but my
timing was off and I rolled into
his planted foot. AFP
Federer to start 2018 at
Hopman Cup in Perth
SYDNEY: Swiss great Roger
Federer will use the Hopman
Cup in Perth as preparation
to defend his Australian Open
title in 2018, mirroring his suc-
cessful early season build-up
this year. The 18-time Grand
Slam champion made his
long-awaited comeback after
six months out with a knee in-
jury at the mixed teams tourna-
ment in January, and it served
him well. Federer, who will
again team up with compatri-
ot Belinda Bencic, attributes
his Australian Open success
in part to having a good time
in Perth. AFP
WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.051 0.561 0.795 0.780 7609 AJIYA 0.785 0.010 289.3 0.787 11.70 2.55 239.1
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.110 6.4
2.110 0.720 2.110 1.970 2674 ALCOM 2.100 0.130 3127.4 2.063 23.92 9.76 282.1
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.030 0.315 1.030 0.920 4758 ANCOM 1.020 0.095 14686.3 0.980 27.42 223.3
3.550 0.931 3.140 3.100 6556 ANNJOO 3.120 UNCH 183.5 3.114 6.64 2.88 1,650.8
KLSE COMPOSITE 1,779.45 2.02 0.11 TECHNOLOGY 34.88 0.25 0.72 0.551 0.140 0.150 0.140 9342 ANZO 0.145 -0.010 26531.1 0.146 116.5
KLSE INDUSTRIAL 3,272.55 -7.72 -0.24 FTSE BURSA 100 12,289.40 12.70 0.10 1.080 0.825 1.030 1.030 5568 APB 1.030 UNCH 0.2 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 624.56 -0.17 -0.03 FTSE BURSA MID 70 14,934.78 10.85 0.07 4.147 3.220 4.100 4.000 5015 APM 4.000 UNCH 42 4.080 15.71 3.75 806.4
1.240 0.692 1.190 1.160 7214 ARANK 1.190 0.020 784.1 1.178 8.05 2.52 142.8
INDUSTRIAL PRODUCT 155.11 0.37 0.24 FTSE BURSA SMALL CAP 17,383.95 97.54 0.56 1.230 0.621 1.160 1.130 7162 ASTINO 1.150 UNCH 966 1.142 8.74 0.87 315.2
CONSTRUCTION 337.74 -0.99 -0.29 FTSE BURSA FLEDGLING 19,515.82 123.87 0.64 1.480 0.384 1.420 1.360 7099 ATTA 1.400 0.040 2831.2 1.388 5.82 5.58 143.9
TRADE & SERVICES 232.44 0.88 0.38 FTSE BURSA EMAS 12,648.43 16.92 0.13 1.140 0.305 0.340 0.340 7181 ATURMJU 0.340 UNCH 10 0.340 20.8
2.550 1.393 2.220 2.200 8133 BHIC 2.220 -0.010 17.5 2.203 5.54 1.35 551.6
KLSE FINANCIAL 16,843.83 -2.33 -0.01 FTSE BUR MSIA ACE 6,279.45 39.35 0.63 0.570 0.390 0.450 0.450 7005 BIG 0.450 -0.020 10 0.450 21.6
KLSE PROPERTY 1,283.21 -8.17 -0.63 FTSE BUR EMAS SHARIAH 12,831.02 -1.85 -0.01 0.505 0.095 0.430 0.430 7187 BKOON 0.430 UNCH 256.5 0.430 119.0
KLSE PLANTATION 7,930.24 -4.52 -0.06 FTSE BUR HIJRAH SHARIAH 14,117.86 -7.98 -0.06 1.110 0.755 0.965 0.945 0168 BOILERM 0.950 -0.015 129.1 0.955 21.21 1.58 490.2
2.425 1.690 6297 BOXPAK 1.700 204.1
KLSE MINING 486.34 Unch Unch FTSE/ASEAN 40 10,213.84 8.50 0.08 1.657 1.293 1.420 1.410 5100 BPPLAS 1.410 -0.010 28 1.414 16.85 5.67 264.6
0.400 0.290 0.310 0.305 9938 BRIGHT 0.310 UNCH 52.7 0.310 50.9
0.665 0.210 0.555 0.545 7221 BSLCORP 0.550 UNCH 230.5 0.550 7.32 53.9
0.365 0.195 0.270 0.260 7188 BTM 0.260 UNCH 321 0.261 59.09 32.6
3.830 3.133 3.350 3.320 5105 CANONE 3.350 UNCH 30.3 3.328 7.11 1.19 643.7
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.200 1.910 2.060

1.650 0.782 1.580
1.800 1.500
2.040
1.570

7076
2879
8435
CBIP
CCM
CEPCO
2.040
1.570
1.590
UNCH
-0.010

141.8
13

2.046
1.572

9.16
58.58
80.30
2.94
3.18

1,098.0
718.5
71.2
1.150 1.020 1.100 1.100 8044 CFM 1.100 UNCH 10 1.100 45.1
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.850 1.290 1.780 1.770 5007 CHINWEL 1.770 UNCH 79.6 1.770 9.23 4.52 530.2
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.500 1.343 2.200 2.190 5797 CHOOBEE 2.190 -0.010 95.6 2.195 7.14 2.74 240.7
CONSUMER PRODUCTS 1.100 0.680 0.990 0.990 8052 CICB 0.990 UNCH 1 0.990 25.19 49.5
0.795 0.565 0.580 0.570 7120 ACOSTEC 0.575 -0.005 407.7 0.575 718.7 4.35 102.2 0.075 0.045 0.055 0.050 7018 CME 0.050 UNCH 230 0.050 24.3
4.887 3.576 4.600 4.600 7090 AHEALTH 4.600 UNCH 34.8 4.600 15.29 2.50 538.9 4.628 3.269 4.070 4.050 2852 CMSB 4.050 -0.020 890.4 4.060 22.79 1.56 4,351.2
24.800 11.624 24.800 23.320 2658 AJI 24.780 1.120 102.3 24.418 8.04 1.36 1,506.6 0.540 0.200 7986 CNASIA 0.390 0.77 17.7
0.380 0.210 7051 AMTEK 0.380 19.0 1.559 1.241 1.330 1.320 5071 COASTAL 1.330 0.010 66.7 1.324 15.18 1.50 707.0
6.007 4.970 6432 APOLLO 5.000 23.74 6.00 400.0 1.150 0.650 0.960 0.905 7195 COMCORP 0.915 -0.155 14450 0.933 7.24 128.1
1.110 0.800 7722 ASIABRN 0.860 68.0 0.865 0.605 0.855 0.840 2127 COMFORT 0.840 -0.010 3623.8 0.847 17.43 469.4
4.123 3.180 3.200 3.200 7129 ASIAFLE 3.200 UNCH 117.2 3.200 11.00 2.19 623.2 2.320 1.220 2.010 1.980 5094 CSCSTEL 1.980 UNCH 1410.7 1.993 10.63 5.05 752.4
53.156 39.606 44.580 44.000 4162 BAT 44.000 -0.480 288.4 44.117 18.91 4.93 12,563 0.015 0.005 0022 CYBERT 0.005 0.5
0.120 0.035 0.090 0.080 7243 BIOOSMO 0.090 0.005 4667.1 0.089 71.6 0.838 0.705 0.730 0.705 7157 CYL 0.715 0.010 30.8 0.717 56.75 5.59 71.5
0.740 0.540 0.615 0.595 9288 BONIA 0.605 0.005 192 0.606 17.39 2.07 487.8 0.410 0.280 5082 CYMAO 0.325 24.4
3.110 1.514 2.780 2.640 7174 CAB 2.760 0.090 657.4 2.727 11.69 0.36 532.3 2.380 1.692 2.340 2.260 8125 DAIBOCI 2.260 UNCH 11.4 2.317 31.04 1.95 741.0
0.549 0.465 0.485 0.475 7154 CAELY 0.485 0.010 200.3 0.482 7.13 2.06 38.8 1.510 0.315 1.300 1.260 8176 DENKO 1.280 -0.010 352.1 1.284 133.7
0.340 0.260 0.290 0.270 7128 CAMRES 0.285 0.025 574.1 0.274 28.79 3.51 56.1 0.330 0.215 0.300 0.295 7114 DNONCE 0.300 0.010 220 0.299 54.2
14.980 12.272 14.740 14.700 2836 CARLSBG 14.740 UNCH 8.3 14.716 21.52 4.88 4,506.7 0.435 0.280 5835 DOLMITE 0.280 127.27 76.3
1.028 0.519 0.915 0.890 7035 CCK 0.890 -0.010 1090.6 0.900 11.84 2.25 280.7 0.430 0.300 5835PA DOLMITE-PA 0.320 4.0
2.388 1.867 2.280 2.220 7148 CCMDBIO 2.250 0.040 134.4 2.248 21.97 2.89 627.7 0.605 0.175 0.180 0.175 5265 DOLPHIN 0.175 UNCH 837.5 0.177 38.9
1.620 1.102 9423 CHEEWAH 1.400 7.75 2.50 58.9 1.280 1.046 1.280 1.250 7169 DOMINAN 1.280 0.010 63.2 1.254 9.21 3.91 211.3
2.700 2.250 2.340 2.330 2828 CIHLDG 2.330 -0.010 10 2.335 15.50 2.15 377.5 1.860 0.808 1619 DRBHCOM 1.750 1.14 3,383.2
0.050 0.020 0.030 0.030 5188 CNOUHUA 0.030 0.005 329 0.030 20.0 1.606 0.540 1.440 1.410 7233 DUFU 1.410 -0.020 300.5 1.421 8.51 3.19 247.4
3.180 1.745 3.110 3.100 7205 COCOLND 3.100 -0.010 9.6 3.102 15.78 5.00 709.3 0.985 0.810 0.830 0.820 8907 EG 0.830 0.010 247.1 0.824 7.75 175.6
1.960 1.283 1.820 1.820 7202 CSCENIC 1.820 0.010 22.7 1.820 17.15 6.04 219.3 1.100 0.860 9016 EKSONS 0.980 160.9
0.095 0.055 0.065 0.065 5214 CSL 0.065 UNCH 140 0.065 8.23 80.8 0.927 0.510 0.765 0.725 7217 EMETALL 0.760 0.025 1859.7 0.752 17.43 3.29 130.1
0.060 0.025 0.030 0.025 7179 DBE 0.030 UNCH 4004.9 0.030 100.00 39.6 0.885 0.500 0.620 0.620 7773 EPMB 0.620 UNCH 13.4 0.620 1.61 102.9
0.960 0.752 7119 DEGEM 0.960 11.50 2.60 128.6 0.465 0.385 0.425 0.420 0190 ESAFE 0.420 UNCH 447 0.422 12.88 101.0
62.795 52.364 58.120 57.680 3026 DLADY 58.120 -0.080 8.1 57.831 25.29 1.72 3,719.7 1.140 0.735 0.825 0.815 5101 EVERGRN 0.820 UNCH 737.6 0.818 11.02 2.44 694.1
0.115 0.070 0.095 0.090 7198 DPS 0.095 UNCH 37 0.090 950.0 55.8 0.940 0.620 0.635 0.630 7249 EWEIN 0.630 UNCH 61.3 0.631 14.22 0.79 190.0
0.105 0.020 0.080 0.075 7182 EKA 0.080 0.005 1118.7 0.075 25.0 1.380 0.982 1.280 1.280 2984 FACBIND 1.280 UNCH 17 1.280 11.41 1.95 109.0
0.360 0.140 0.250 0.245 9091 EMICO 0.250 UNCH 98.7 0.250 15.72 24.0 3.020 2.270 2.860 2.830 7229 FAVCO 2.850 0.020 68.9 2.848 8.28 5.26 631.0
2.046 1.400 1.650 1.620 7149 ENGKAH 1.640 -0.010 25.7 1.626 47.81 3.66 116.0 0.800 0.476 0.710 0.670 0149 FIBON 0.710 0.035 239.4 0.687 10.84 1.76 69.6
0.270 0.195 0.210 0.200 7208 EURO 0.210 0.005 50.1 0.200 27.27 51.0 2.370 2.020 2.340 2.250 3107 FIMACOR 2.340 -0.010 125.8 2.280 9.71 5.34 573.9
0.820 0.630 7094 EUROSP 0.745 33.1 1.879 1.368 1.690 1.670 5197 FLBHD 1.690 0.010 230.9 1.674 7.88 8.88 174.4
26.335 21.887 25.000 24.920 3689 F&N 25.000 0.040 151.8 24.969 24.26 2.30 9,169.5 1.420 1.330 3611 GBH 1.340 154.0 250.0
1.205 0.815 0.870 0.870 2755 FCW 0.870 0.010 5 0.870 71.90 1.72 217.5 2.470 1.450 2.170 2.120 7197 GESHEN 2.160 0.030 13.3 2.124 10.16 172.8
0.930 0.620 0.700 0.690 8605 FFHB 0.695 -0.005 218.6 0.694 11.68 1.44 75.8 0.085 0.040 0.060 0.055 5220 GLOTEC 0.055 UNCH 1508.6 0.057 296.0
0.955 0.655 0.920 0.900 9172 FPI 0.915 UNCH 553.8 0.913 10.45 6.56 226.3 0.735 0.200 0.280 0.275 7192 GOODWAY 0.280 UNCH 83.6 0.277 30.9
2.070 0.570 1.850 1.850 7184 G3 1.850 UNCH 6 1.850 254.4 0.135 0.085 7096 GPA 0.095 11.59 93.1
1.246 0.854 1.150 1.130 5102 GCB 1.140 0.010 376.1 1.143 15.75 1.32 547.4 0.425 0.255 0.320 0.305 5649 GPHAROS 0.320 0.015 78 0.305 43.1
3.020 2.350 2.880 2.880 5606 GOLDIS 2.880 -0.010 3 2.880 8.45 0.69 1,760.8 0.245 0.196 0.215 0.210 0136 GREENYB 0.215 0.005 551.6 0.215 153.57 2.79 71.8
0.110 0.010 0.055 0.050 5187 HBGLOB 0.055 0.010 125 0.054 25.7 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 390 0.105 55.4
19.100 14.175 18.380 17.940 3255 HEIM 17.960 -0.500 53.5 18.027 19.99 6.40 5,425.7 1.050 0.749 0.945 0.930 3247 GUH 0.945 -0.005 51 0.943 13.37 3.70 262.6
10.300 7.651 9.960 9.880 3301 HLIND 9.940 -0.020 42.9 9.902 11.07 3.52 3,259.4 1.180 0.235 0.900 0.890 5151 HALEX 0.890 -0.010 42.7 0.894 94.3
1.019 0.808 0.905 0.900 5160 HOMERIZ 0.900 -0.005 96.6 0.902 9.94 4.44 270.0 7.120 3.996 7.000 6.940 5168 HARTA 6.990 0.050 348.5 6.987 40.55 1.14 11,491.3
0.405 0.240 0.315 0.310 7213 HOVID 0.315 UNCH 1131.4 0.312 22.99 3.17 258.6 6.600 2.800 5.310 5.000 7105 HCK 5.000 -0.300 3 5.137 454.5 421.2
1.305 1.113 1.220 1.210 5024 HUPSENG 1.220 0.010 60 1.217 20.61 3.28 976.0 6.300 1.990 5.090 4.930 4324 HENGYUAN 5.090 0.170 883.4 5.038 2.98 1,527.0
0.630 0.450 0.485 0.465 8478 HWATAI 0.465 -0.015 78.4 0.480 166.07 34.8 1.524 0.983 1.320 1.300 5095 HEVEA 1.310 UNCH 938.9 1.312 7.38 5.42 706.6
4.130 1.785 4.130 4.050 5107 IQGROUP 4.130 0.080 81.4 4.075 12.79 2.66 363.6 1.200 0.791 1.000 0.980 3298 HEXZA 0.990 0.010 132.9 0.988 7.20 4.55 198.4
1.513 0.934 1.410 1.350 7152 JAYCORP 1.360 0.110 4086.4 1.377 9.54 3.68 186.7 0.390 0.180 0.385 0.375 5072 HIAPTEK 0.375 UNCH 10861 0.379 18.94 0.80 486.8
0.740 0.505 0.600 0.600 8931 JERASIA 0.600 UNCH 50.6 0.600 8.52 49.2 0.560 0.175 0.400 0.390 5199 HIBISCS 0.400 0.015 10679 0.395 4.57 577.5
2.618 1.650 1.730 1.700 5247 KAREX 1.700 -0.020 1559.3 1.708 45.82 1.18 1,704.0 1.276 0.840 1.130 1.120 7033 HIGHTEC 1.120 0.020 11 1.121 9.59 3.13 45.5
4.850 3.153 4.740 4.640 7216 KAWAN 4.740 -0.010 29 4.658 34.45 0.53 1,278.1 1.250 0.700 1.190 1.150 8443 HIL 1.190 0.030 27 1.157 20.20 1.26 331.7
0.260 0.040 0.165 0.165 8303 KFM 0.165 UNCH 233 0.165 11.3 0.405 0.270 5165 HOKHENG 0.320 32.32 25.6
0.920 0.711 0.795 0.770 6203 KHEESAN 0.790 UNCH 21 0.788 16.92 1.27 82.2 0.055 0.020 2739 HUAAN 0.035 39.3
2.700 1.827 7062 KHIND 2.200 10.91 4.55 88.1 3.385 2.130 2.340 2.200 5000 HUMEIND 2.210 0.020 107 2.207 41.46 0.90 1,058.8
2.210 0.995 2.060 2.020 0002 KOTRA 2.020 -0.010 40.7 2.028 20.08 0.99 269.2 0.075 0.045 0.050 0.050 9601 HWGB 0.050 UNCH 150 0.050 49.9
0.140 0.040 0.090 0.085 5172 KSTAR 0.090 UNCH 40 0.088 26.4 0.890 0.730 0.820 0.780 9687 IDEALUBB 0.780 -0.010 7 0.803 5.71 86.2
6.000 4.509 5.130 5.120 7006 LATITUD 5.130 UNCH 109.2 5.127 6.70 2.34 498.7 2.127 1.800 7222 IMASPRO 1.820 18.33 1.92 145.6
0.950 0.785 0.915 0.900 9385 LAYHONG 0.915 UNCH 18 0.906 30.50 0.55 557.0 0.300 0.165 0.185 0.165 7183 IRETEX 0.180 0.005 356.2 0.177 24.8
0.377 0.261 0.305 0.300 8079 LEESK 0.300 -0.020 618.4 0.301 10.64 3.33 50.3 0.085 0.055 0.065 0.065 7223 JADI 0.065 0.005 1870 0.065 61.2
3.374 2.607 3.240 3.210 7089 LIIHEN 3.220 0.010 617.5 3.219 7.80 4.97 579.6 0.175 0.137 0.145 0.145 8648 JASKITA 0.145 UNCH 105.2 0.145 6.90 65.2
0.820 0.710 0.755 0.750 7126 LONBISC 0.755 UNCH 119.8 0.754 9.74 140.8 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.800 1.750 7085 LTKM 1.800 0.010 230.1 1.781 19.48 1.67 234.2 1.120 0.892 1.110 1.110 7043 JMR 1.110 0.010 40 1.110 170.7 140.7
6.650 3.722 6.650 6.500 7087 MAGNI 6.650 0.150 258.6 6.592 10.77 2.11 1,082.2 1.729 0.825 1.630 1.600 7167 JOHOTIN 1.630 0.030 526.7 1.608 8.09 1.61 448.6
0.045 0.015 5189 MAXWELL 0.025 10.0 1.460 1.035 1.190 1.170 4383 JTIASA 1.180 0.010 782.7 1.176 15.07 1.10 1,149.0
1.300 1.000 5886 MBG 1.140 26.57 2.63 69.3 0.310 0.160 0.270 0.260 0054 KARYON 0.265 0.005 2482.7 0.265 25.00 126.1
2.500 1.183 2.490 2.380 3662 MFLOUR 2.490 0.080 893.8 2.451 15.55 2.61 1,370.2 1.109 0.680 0.715 0.715 7199 KEINHIN 0.715 -0.010 22 0.715 12.35 2.10 70.8
1.000 0.800 7935 MILUX 0.860 46.8 0.545 0.340 6211 KIALIM 0.380 23.5
5.005 4.020 4.040 4.040 5202 MSM 4.040 0.010 4 4.040 106.0 3.47 2,840.0 3.078 2.733 2.910 2.910 3522 KIANJOO 2.910 -0.010 157.2 2.910 9.56 1.37 1,292.5
0.035 0.030 5150 MSPORTS 0.035 21.2 2.400 1.535 1.990 1.990 5371 KIMHIN 1.990 -0.010 1.5 1.990 8.61 3.02 309.7
1.826 1.184 1.500 1.500 3921 MWE 1.500 UNCH 7 1.500 2.63 1.33 347.3 0.085 0.025 0.055 0.055 5060 KINSTEL 0.055 UNCH 712 0.055 57.7
83.600 72.962 83.600 83.440 4707 NESTLE 83.500 0.260 90.9 83.524 30.27 3.23 19,580.8 1.700 1.090 1.260 1.260 9466 KKB 1.260 UNCH 6 1.260 3.17 324.8
4.880 2.624 4.410 4.400 7060 NHFATT 4.410 0.050 4.7 4.405 10.39 2.49 331.4 0.455 0.255 0.260 0.255 7164 KNM 0.260 UNCH 2252.2 0.259 560.6
0.130 0.070 0.100 0.095 7139 NICE 0.100 0.010 352.1 0.095 28.57 33.3 1.129 0.751 6971 KOBAY 1.030 16.61 105.2
0.315 0.240 0.250 0.250 7215 NIHSIN 0.250 -0.010 67 0.250 59.6 0.376 0.265 0.270 0.270 7017 KOMARK 0.270 0.005 146.9 0.270 33.7
0.905 0.775 0.795 0.780 5066 NTPM 0.790 UNCH 63.5 0.791 17.56 3.04 887.3 6.946 5.565 6.360 6.320 7153 KOSSAN 6.360 0.030 13.2 6.332 25.05 1.73 4,067.0
0.690 0.345 0.625 0.610 7071 OCR 0.625 UNCH 3182.2 0.623 150.9 0.805 0.345 0.785 0.760 7130 KPOWER 0.785 0.025 354.9 0.778 44.3
0.250 0.040 0.160 0.150 7071PA OCR-PA 0.155 UNCH 1115.4 0.154 102.3 5.180 4.661 5.030 4.900 3476 KSENG 5.030 0.100 97 4.918 12.91 1.99 1,818.2
2.447 1.353 1.620 1.550 7107 OFI 1.600 0.050 46 1.605 21.05 2.50 384.0 0.580 0.341 0.535 0.525 5192 KSSC 0.535 0.015 225.1 0.532 9.69 2.80 51.4
7.388 6.366 6.680 6.630 4006 ORIENT 6.680 UNCH 36 6.678 14.98 2.99 4,144.2 0.760 0.295 0.660 0.620 8362 KYM 0.650 0.030 1533.4 0.643 151.16 97.4
3.629 2.041 3.490 3.460 7052 PADINI 3.460 -0.050 270.7 3.468 14.66 2.89 2,276.4 8.400 5.060 5.260 5.220 3794 LAFMSIA 5.220 -0.020 347.8 5.227 660.76 3.83 4,435.4
38.422 27.912 36.280 35.600 3719 PANAMY 36.280 0.880 9.4 36.027 17.36 3.83 2,203.9 0.920 0.515 0.900 0.875 9326 LBALUM 0.885 0.005 6790.7 0.886 9.80 2.26 219.9
0.774 0.516 5022 PAOS 0.540 33.54 3.02 97.8 0.614 0.448 0.515 0.510 5092 LCTH 0.510 UNCH 131.1 0.513 12.94 4.90 183.6
0.650 0.295 9407 PARAGON 0.490 21.78 34.3 0.860 0.420 0.800 0.785 5232 LEONFB 0.800 0.010 1450.6 0.795 6.91 1.88 248.0
0.660 0.310 0.550 0.545 6068 PCCS 0.545 -0.005 16 0.548 32.7 0.440 0.100 0.350 0.330 8745 LEWEKO 0.330 -0.010 883.1 0.338 106.2
1.060 0.700 5231 PELIKAN 0.900 183.6 498.0 0.080 0.020 0.050 0.050 2887 LIONDIV 0.050 UNCH 11 0.050 69.6
0.235 0.145 0.190 0.180 4081 PMCORP 0.185 UNCH 56.2 0.186 10.28 143.1 1.280 0.275 1.190 1.160 4235 LIONIND 1.180 UNCH 2403.1 1.176 847.1
0.529 0.441 0.495 0.495 5080 POHKONG 0.495 UNCH 125 0.495 12.13 2.02 203.1 0.665 0.280 0.625 0.600 9881 LSTEEL 0.625 0.010 884.4 0.612 9.03 80.0
2.018 1.379 1.960 1.950 7088 POHUAT 1.960 UNCH 83.5 1.953 7.30 4.08 444.9 0.160 0.050 0.125 0.120 5068 LUSTER 0.120 UNCH 3805 0.125 237.1
17.300 15.159 16.940 16.780 4065 PPB 16.840 -0.040 640.2 16.854 17.25 1.48 19,963.8 3.875 3.336 3.500 3.480 9199 LYSAGHT 3.500 -0.020 10.9 3.484 9.28 2.00 145.5
0.720 0.484 7190 PPG 0.610 11.73 2.26 61.0 1.280 0.495 1.120 1.080 5098 MASTEEL 1.120 0.030 931.6 1.098 8.89 273.8
1.686 1.262 1.530 1.510 8966 PRLEXUS 1.530 0.010 91.9 1.517 9.59 1.96 273.5 0.855 0.475 0.685 0.670 7029 MASTER 0.675 UNCH 351.7 0.675 11.80 1.48 36.9
1.170 0.636 1.090 1.060 7134 PWF 1.070 0.010 343.2 1.068 17.98 2.54 179.1 1.170 0.800 1.060 1.040 5152 MBL 1.060 0.010 10.7 1.049 7.69 3.77 97.5
2.705 1.840 2.480 2.410 7237 PWROOT 2.410 -0.070 16.1 2.471 16.97 4.77 794.8 0.870 0.618 0.820 0.790 7004 MCEHLDG 0.820 UNCH 22.5 0.790 141.3 1.83 36.4
5.000 4.143 4.900 4.880 7084 QL 4.880 UNCH 426.7 4.886 31.08 0.87 6,090.4 0.660 0.290 0.315 0.315 3778 MELEWAR 0.315 -0.005 32 0.315 71.0
2.380 1.450 2.380 2.270 9946 REX 2.300 0.020 183.7 2.309 102.68 0.87 141.8 0.789 0.478 5223 MENTIGA 0.700 9.92 1.43 49.0
1.890 0.900 1.600 1.590 0183 SALUTE 1.590 0.030 9.4 1.590 24.39 1.51 616.9 1.426 1.062 1.310 1.300 8192 MERCURY 1.300 -0.020 22 1.304 13.76 9.23 52.2
1.609 1.000 1.380 1.350 5252 SASBADI 1.380 UNCH 314 1.365 21.77 1.63 385.6 1.900 1.650 6149 METROD 1.820 18.71 3.30 218.4
0.390 0.275 0.340 0.340 5157 SAUDEE 0.340 UNCH 420 0.340 377.78 40.8 2.670 0.776 2.190 2.160 5001 MIECO 2.170 UNCH 87.5 2.172 7.99 4.61 455.7
1.280 1.000 7180 SERNKOU 1.200 144.0 0.150 0.075 0.130 0.125 7219 MINETEC 0.125 UNCH 1242.5 0.130 91.4
0.845 0.580 0.670 0.670 7165 SGB 0.670 UNCH 5 0.670 98.8 0.784 0.525 0.540 0.540 5576 MINHO 0.540 UNCH 10 0.540 9.29 118.6
0.220 0.060 0.195 0.195 7165PA SGB-PA 0.195 UNCH 309 0.195 91.8 4.403 2.530 4.010 3.980 5916 MSC 4.010 0.020 10.5 3.994 14.96 2.00 401.0
2.131 1.480 1.530 1.530 7412 SHH 1.530 -0.020 15 1.530 14.49 6.54 76.5 2.190 1.400 1.570 1.560 3883 MUDA 1.570 UNCH 145.1 1.563 18.51 1.91 478.9
1.070 0.800 0.920 0.900 7246 SIGN 0.905 -0.005 181.1 0.907 5.02 5.52 217.5 1.200 0.400 0.820 0.810 5087 MYCRON 0.820 0.005 402 0.813 6.40 232.5
0.915 0.172 8532 SINOTOP 0.675 50.00 266.6 0.240 0.035 7002 NAKA 0.110 6.1
0.865 0.600 0.775 0.740 9776 SMCAP 0.745 -0.025 227 0.758 39.01 45.5 0.385 0.190 0.215 0.200 5025 NWP 0.205 UNCH 12851 0.211 74.0
0.385 0.200 0.335 0.335 7943 SNC 0.335 UNCH 7 0.335 44.67 22.1 1.180 0.492 1.140 1.100 4944 NYLEX 1.130 0.030 3592.8 1.119 10.80 1.77 219.6
2.548 2.155 2.480 2.450 7103 SPRITZER 2.470 UNCH 205.1 2.473 17.94 2.34 451.0 1.760 1.004 1.730 1.690 7140 OKA 1.730 0.030 104.3 1.708 10.13 3.18 281.8
1.500 1.020 1.170 1.140 7186 SWSCAP 1.150 UNCH 64.6 1.158 71.43 0.87 167.8 1.320 0.865 1.300 1.250 5065 ORNA 1.270 -0.010 541.3 1.279 10.23 2.36 95.6
0.669 0.492 0.540 0.535 7082 SYF 0.540 UNCH 300.1 0.536 8.65 1.85 334.4 0.090 0.055 0.070 0.070 7225 PA 0.070 UNCH 250 0.070 66.3
0.505 0.280 7211 TAFI 0.420 33.6 7.800 6.192 7.220 7.080 5183 PCHEM 7.150 UNCH 9173.9 7.160 15.77 2.66 57,200.0
1.979 1.651 1.840 1.810 4405 TCHONG 1.840 0.020 92.4 1.818 1.09 1,236.5 2.020 1.454 1.590 1.530 5271 PECCA 1.590 0.060 765 1.564 20.03 2.52 298.9
1.402 0.520 0.535 0.520 7200 TEKSENG 0.530 UNCH 487.3 0.525 9.83 3.77 184.5 0.801 0.584 0.640 0.640 9997 PENSONI 0.640 UNCH 11 0.640 10.94 4.69 83.0
1.250 0.955 0.970 0.970 7252 TEOSENG 0.970 UNCH 4.7 0.970 19.06 1.55 291.0 8.150 5.465 7.900 7.800 5436 PERSTIM 7.810 0.010 9.8 7.822 14.06 5.12 775.6
1.510 1.230 9369 TGL 1.400 18.72 5.36 57.0 21.942 17.949 19.020 18.800 6033 PETGAS 18.900 UNCH 669.1 18.899 21.31 3.33 37,398.0
0.620 0.400 0.615 0.590 7230 TOMEI 0.590 UNCH 70 0.594 14.57 81.8 8.710 3.416 7.250 7.060 3042 PETRONM 7.160 0.060 223.7 7.179 5.87 3.07 1,933.2
0.560 0.420 0.445 0.430 7176 TPC 0.430 -0.020 185 0.432 46.24 100.5 2.593 1.595 2.340 2.310 7095 PIE 2.330 0.010 67.5 2.322 19.63 1.03 894.8
7.000 4.430 6.030 6.020 4588 UMW 6.020 UNCH 1225.4 6.025 3.32 7,033.1 2.580 1.171 2.580 2.240 7172 PMBTECH 2.500 0.280 617 2.468 18.14 1.60 200.0
2.540 2.000 7757 UPA 2.440 5.83 3.28 194.2 2.977 2.530 8869 PMETAL 2.680 18.33 1.89 10,006.2
1.700 0.690 1.620 1.570 7203 WANGZNG 1.600 -0.010 258.6 1.581 13.93 2.50 256.0 0.575 0.450 0.510 0.510 6637 PNEPCB 0.510 UNCH 7 0.510 13.46 67.1
0.325 0.080 0.270 0.245 5156 XDL 0.270 0.015 3738.8 0.265 30.34 181.9 0.995 0.270 0.610 0.595 8117 POLY 0.600 -0.010 79.7 0.600 2.80 96.0
0.615 0.360 0.595 0.580 7121 XIANLNG 0.590 0.010 237 0.585 42.9 1.580 0.840 1.580 1.470 8273 PPHB 1.570 0.110 1358.2 1.533 9.67 172.5
0.245 0.020 5155 XINQUAN 0.055 26.7 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
2.880 2.111 2.470 2.440 5584 YEELEE 2.450 UNCH 206.8 2.450 11.73 1.84 468.5 1.370 0.501 1.330 1.300 9873 PRESTAR 1.320 -0.010 556.7 1.312 7.76 2.27 266.7
1.360 1.050 1.310 1.270 5159 YOCB 1.290 0.020 58.3 1.288 8.87 3.10 206.4 1.110 0.635 1.040 1.000 7168 PRG 1.010 0.015 301 1.019 84.17 0.50 301.4
3.000 1.800 2.960 2.900 7178 YSPSAH 2.900 UNCH 239.7 2.929 12.40 2.41 395.6 0.330 0.085 0.250 0.245 7123 PWORTH 0.250 0.005 3755.2 0.246 96.15 232.7
1.957 1.160 1.640 1.630 5131 ZHULIAN 1.630 -0.030 17.2 1.634 15.28 3.68 749.8 1.480 1.100 7544 QUALITY 1.160 67.2
INDUSTRIAL PRODUCTS 0.840 0.510 7498 RALCO 0.570 23.9
1.392 0.922 1.300 1.290 0012 3A 1.290 UNCH 145 1.290 14.91 1.12 634.7 5.970 5.320 5.770 5.770 7765 RAPID 5.770 UNCH 5 5.770 790.4 616.8
0.210 0.085 0.125 0.120 7086 ABLEGRP 0.125 0.005 200.1 0.120 33.0 0.745 0.435 0.455 0.445 5256 REACH 0.450 0.010 1701.7 0.452 19.91 493.4
0.400 0.200 0.330 0.330 7131 ACME 0.330 UNCH 4 0.330 72.1 0.625 0.387 0.585 0.560 7232 RESINTC 0.580 0.020 994.1 0.568 8.80 2.07 79.6
0.900 0.630 0.730 0.720 7191 ADVENTA 0.730 0.010 15 0.728 111.5 1.190 0.595 1.100 1.080 9741 ROHAS 1.090 UNCH 367.9 1.088 435.8
2.766 1.909 2.300 2.200 9148 ADVPKG 2.300 0.100 0.3 2.267 19.12 5.22 47.2 0.844 0.715 0.765 0.765 7803 RUBEREX 0.765 UNCH 6 0.765 8.52 1.63 192.9
0.220 0.125 0.195 0.185 7146 AEM 0.185 UNCH 172.2 0.185 55.4 5.180 3.604 5.170 4.880 5134 SAB 5.120 0.240 166.1 5.060 14.41 0.98 701.1
0.500 0.360 5198 AFUJIYA 0.420 23.33 75.6 7.980 4.880 7.790 7.650 9822 SAM 7.650 -0.110 54.6 7.710 21.00 1.34 963.1
0.635 0.335 2682 AISB 0.495 14.73 71.5 1.010 0.841 1.000 0.980 7811 SAPIND 0.980 -0.020 20.2 0.982 11.58 6.12 71.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
26 Markets WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.420 1.010 1.190 1.170 5170 SCABLE 1.190 0.020 128.7 1.175 19.44 2.52 377.3 0.624 0.370 0.550 0.545 6939 FIAMMA 0.550 0.005 29.4 0.547 11.20 2.73 291.5
4.350 2.683 4.210 4.120 7247 SCGM 4.210 0.090 134 4.139 24.52 1.90 611.3 0.440 0.380 0.405 0.400 9318 FITTERS 0.400 UNCH 400 0.400 1.50 192.2
0.770 0.520 0.650 0.650 9237 SCIB 0.650 UNCH 16.7 0.650 35.91 47.8 1.490 1.100 1.360 1.330 7210 FREIGHT 1.360 0.010 32.2 1.346 11.70 3.68 253.2
8.990 5.921 8.440 8.360 4731 SCIENTX 8.400 0.040 24.3 8.380 18.41 1.90 4,061.9 0.330 0.125 0.310 0.300 0128 FRONTKN 0.300 -0.005 10277.1 0.305 11.90 316.0
0.345 0.250 0.295 0.290 7239 SCNWOLF 0.290 -0.005 35 0.292 25.4 0.290 0.150 0.220 0.200 9377 FSBM 0.220 0.020 20 0.202 31.1
0.525 0.135 7366 SCOMIEN 0.260 88.9 3.096 2.130 2.870 2.870 5209 GASMSIA 2.870 0.010 16.4 2.870 21.99 4.48 3,685.1
1.660 0.660 1.330 1.320 7073 SEACERA 1.330 UNCH 657.9 1.325 70.74 2.26 327.3 0.820 0.373 0.640 0.615 0078 GDEX 0.640 0.020 4497.3 0.632 91.43 0.39 3,568.8
0.245 0.140 0.160 0.155 5145 SEALINK 0.155 UNCH 119 0.156 77.5 6.302 4.100 5.870 5.560 4715 GENM 5.830 0.270 10414.8 5.756 10.84 1.58 34,618.8
0.765 0.250 5163 SEB 0.715 57.2 10.000 7.449 9.780 9.640 3182 GENTING 9.720 -0.040 1361.5 9.680 13.82 0.62 37,066.5
0.912 0.388 0.830 0.780 5181 SIGGAS 0.825 0.045 705.3 0.812 34.23 1.45 154.7 4.450 1.348 4.230 3.960 3204 GKENT 4.190 0.250 4428.4 4.134 15.02 2.39 1,573.4
1.040 0.550 7115 SKBSHUT 0.920 13.71 36.8 0.555 0.300 0.480 0.480 7676 GUNUNG 0.480 -0.020 6.4 0.480 113.4
1.440 1.083 1.310 1.270 7155 SKPRES 1.310 0.030 490.8 1.282 14.70 2.67 1,632.7 3.980 1.681 3.960 3.870 7668 HAIO 3.920 0.040 268.2 3.914 21.79 2.72 1,170.7
3.021 1.949 2.480 2.390 7248 SLP 2.480 UNCH 24.7 2.423 24.12 1.81 613.4 0.335 0.200 0.240 0.220 7253 HANDAL 0.240 0.015 181.1 0.225 38.4
0.740 0.585 0.605 0.595 7132 SMISCOR 0.605 -0.045 13.6 0.604 4.13 27.1 9.266 7.192 9.200 9.090 3034 HAPSENG 9.090 -0.090 191.2 9.125 21.31 3.85 22,631.2
1.780 0.884 1.710 1.660 5665 SSTEEL 1.710 0.050 565.6 1.691 1.75 733.6 1.121 0.685 0.700 0.685 2062 HARBOUR 0.700 0.010 131.2 0.689 8.42 2.86 280.3
0.355 0.065 0.280 0.280 7143 STONE 0.280 0.010 1 0.280 25.2 4.330 2.860 4.310 4.270 5008 HARISON 4.280 0.010 88.5 4.287 13.85 5.84 293.1
1.550 1.340 6904 SUBUR 1.370 286.3 0.150 0.050 0.065 0.060 7013 HUBLINE 0.065 0.005 29364.6 0.064 57.7
4.320 1.535 3.700 3.650 7207 SUCCESS 3.700 UNCH 45.3 3.686 11.42 1.35 454.0 0.480 0.225 0.235 0.230 5255 ICON 0.235 UNCH 460 0.231 276.6
2.150 1.780 2.140 2.080 7235 SUPERLN 2.100 -0.030 1026.3 2.105 14.06 1.31 336.0 6.730 5.540 6.020 5.900 5225 IHH 5.980 -0.010 1488.3 5.972 58.11 0.50 49,252.8
2.359 1.880 1.990 1.960 7106 SUPERMX 1.980 UNCH 360 1.979 22.58 1.26 1,346.7 0.920 0.725 0.790 0.790 5614 ILB 0.790 0.020 16.9 0.790 60.77 3.16 154.1
4.210 3.317 3.570 3.510 5012 TAANN 3.530 0.010 170.7 3.532 10.29 3.42 1,570.3 1.000 0.730 5673 IPMUDA 0.730 4.11 52.9
0.545 0.355 0.395 0.380 4022 TADMAX 0.385 -0.005 710.1 0.384 207.4 2.190 1.340 1.850 1.830 0058 JCBNEXT 1.840 0.010 21.4 1.845 28.93 1.09 257.6
0.415 0.235 0.320 0.315 5149 TAS 0.315 UNCH 38 0.317 56.7 0.310 0.230 0.290 0.280 8923 JIANKUN 0.285 UNCH 39.9 0.281 47.6
14.658 12.135 13.140 13.020 4448 TASEK 13.020 -0.060 1.1 13.075 50.70 9.22 1,609.5 0.390 0.295 0.370 0.370 8672 KAMDAR 0.370 0.020 10 0.370 73.3
14.449 13.540 4448P TASEK-PA 13.540 5.17 4.5 0.355 0.180 5079 KBES 0.230 29.0
0.290 0.090 0.180 0.175 5178 TATGIAP 0.180 0.005 68.9 0.177 27.9 1.960 1.690 1.850 1.830 6491 KFIMA 1.830 -0.020 167.3 1.842 10.12 4.92 516.5
1.220 0.290 1.140 1.090 7097 TAWIN 1.110 -0.020 2661.6 1.129 14.72 71.4 0.750 0.240 0.680 0.660 0151 KGB 0.675 0.015 1405.5 0.669 14.09 1.48 155.1
2.920 1.020 2.090 1.990 7439 TECGUAN 2.080 0.090 42.3 2.015 6.96 83.4 1.680 1.020 5035 KNUSFOR 1.280 1.56 127.5
0.700 0.285 0.625 0.595 6378 TEKALA 0.595 -0.020 788.1 0.611 91.0 4.300 3.822 4.210 4.190 5878 KPJ 4.200 0.030 160.4 4.200 30.30 1.67 4,478.2
4.870 3.764 4.250 4.170 7034 TGUAN 4.230 0.050 121.8 4.213 8.35 2.84 543.8 1.740 0.923 1.400 1.380 5843 KPS 1.390 -0.010 17.7 1.393 1158 4.50 693.6
2.166 1.460 1.870 1.860 7374 TIENWAH 1.860 UNCH 18 1.865 4.69 6.45 269.2 0.590 0.485 9121 KPSCB 0.550 11.22 81.3
0.800 0.560 0.695 0.695 7854 TIMWELL 0.695 UNCH 1 0.695 61.9 0.225 0.115 0.145 0.140 4847 KTB 0.145 0.005 125.6 0.140 58.4
1.047 0.595 0.990 0.985 7285 TOMYPAK 0.990 0.005 166.2 0.988 16.50 3.23 414.6 0.628 0.299 0.510 0.500 6874 KUB 0.505 0.005 1269.6 0.502 11.27 1.98 281.0
3.601 1.712 3.330 3.300 5010 TONGHER 3.300 -0.050 28 3.314 9.83 9.09 519.5 0.380 0.240 0.300 0.290 7170 LFECORP 0.290 -0.005 284.3 0.293 30.85 52.7
5.940 4.130 5.700 5.630 7113 TOPGLOV 5.660 0.020 1445.1 5.663 23.69 2.56 7,109.5 0.650 0.420 0.585 0.560 8486 LIONFIB 0.570 0.015 33.2 0.570 132.0
0.850 0.495 7173 TOYOINK 0.750 80.3 2.040 1.334 1.970 1.950 5143 LUXCHEM 1.960 UNCH 152.6 1.959 10.66 3.57 548.0
0.230 0.145 0.195 0.195 4359 TURIYA 0.195 0.005 6 0.195 44.6 2.421 1.670 1.730 1.710 3859 MAGNUM 1.720 -0.010 609.4 1.723 16.17 7.56 2,472.9
1.930 1.449 1.900 1.880 7100 UCHITEC 1.900 0.010 553.3 1.889 14.08 6.84 843.3 1.700 1.040 1.070 1.050 5264 MALAKOF 1.070 UNCH 2937.8 1.060 14.44 6.54 5,350.0
6.712 3.310 4.210 4.090 7133 ULICORP 4.120 -0.130 120.5 4.137 21.42 2.91 598.2 0.179 0.141 0.155 0.150 3514 MARCO 0.155 UNCH 177 0.153 9.34 3.23 163.4
1.425 1.113 7227 UMSNGB 1.280 9.27 2.34 102.4 6.549 5.415 5.650 5.590 6012 MAXIS 5.640 0.050 8551.1 5.617 21.20 3.55 42,359.3
1.640 1.000 1.600 1.560 4995 VERSATL 1.600 UNCH 558.7 1.581 2666 187.7 0.955 0.680 0.730 0.725 5077 MAYBULK 0.725 UNCH 77.3 0.726 725.0
2.120 1.124 2.080 2.040 6963 VS 2.070 UNCH 1583.6 2.053 18.68 2.33 2,483.6 2.636 1.903 2.280 2.280 5983 MBMR 2.280 0.030 0.5 2.280 13.28 2.63 891.2
1.010 0.651 0.940 0.915 5142 WASEONG 0.925 0.005 315.5 0.927 0.54 716.8 1.415 0.935 0.945 0.935 4502 MEDIA 0.935 -0.010 3355.9 0.938 8.56 1,037.1
0.485 0.310 7226 WATTA 0.420 35.5 0.729 0.525 0.540 0.525 5090 MEDIAC 0.525 -0.005 37 0.532 13.22 5.85 885.8
2.050 1.402 1.920 1.900 7111 WEIDA 1.920 0.030 6 1.903 13.44 1.56 256.0 1.070 0.550 0.760 0.760 7234 MESB 0.760 -0.005 4 0.760 31.9
2.349 1.715 2.180 2.150 7231 WELLCAL 2.160 -0.020 11.3 2.164 21.11 4.26 716.4 3.988 1.700 3.750 3.710 3069 MFCB 3.740 0.060 33.7 3.735 9.79 1.34 1,503.7
0.845 0.530 0.740 0.725 7050 WONG 0.740 0.020 192.8 0.735 134.5 67.8 1.160 0.825 0.840 0.825 5186 MHB 0.825 -0.010 357.7 0.828 1,320.0
0.700 0.430 7025 WOODLAN 0.600 15.87 24.0 7.827 6.785 7.470 7.340 3816 MISC 7.400 -0.020 694.1 7.389 12.30 3.65 33,032.1
2.084 1.836 2.000 1.970 5009 WTHORSE 2.000 UNCH 31.5 1.981 31.35 5.00 480.0 2.606 1.908 2.410 2.370 2194 MMCCORP 2.400 UNCH 763.6 2.389 13.22 1.67 7,308.1
1.145 0.870 0.885 0.875 4243 WTK 0.880 0.005 80.8 0.881 87.13 2.27 423.6 0.395 0.205 0.355 0.345 0059 MMODE 0.350 UNCH 158.2 0.350 1.71 56.9
1.380 0.953 1.200 1.180 7245 WZSATU 1.190 -0.020 154.2 1.185 14.66 1.68 415.2 0.100 0.055 0.060 0.055 0043 MTRONIC 0.055 UNCH 1082 0.055 52.2
0.975 0.745 0.775 0.775 5048 YILAI 0.775 UNCH 3 0.775 35.88 124.0 0.280 0.115 0.200 0.190 3891 MUIIND 0.195 0.010 2984.7 0.195 571.8
0.400 0.180 0.230 0.220 7020 YKGI 0.230 0.010 112.2 0.224 80.1 0.305 0.195 0.235 0.225 3905 MULPHA 0.225 -0.005 4129.9 0.230 23.44 719.1
0.700 0.380 0.535 0.530 7014 YLI 0.535 0.005 1.9 0.535 10.51 55.1 2.370 1.385 2.160 2.110 0138 MYEG 2.120 0.010 11981 2.130 39.41 0.65 7,645.4
CONSTRUCTION 0.865 0.305 0.635 0.585 9806 NATWIDE 0.610 -0.010 401.4 0.604 73.3
0.750 0.280 0.510 0.505 7007 ARK 0.505 -0.005 24.2 0.508 24.6 0.140 0.070 0.085 0.085 4464 NICORP 0.085 UNCH 346.7 0.085 7.20 73.4
1.190 0.592 1.100 1.100 7078 AZRB 1.100 UNCH 117.3 1.100 18.30 1.82 584.7 0.828 0.631 0.670 0.670 5533 OCB 0.670 -0.030 0.9 0.670 12.07 1.49 68.9
0.793 0.576 0.665 0.665 6173 BDB 0.665 -0.005 23.8 0.665 6.32 6.77 202.1 0.985 0.750 0.985 0.970 0172 OCK 0.980 0.010 980.2 0.977 30.06 0.61 854.0
0.625 0.351 0.430 0.425 5190 BENALEC 0.430 0.010 471 0.429 24.29 1.63 349.1 3.460 1.614 2.730 2.700 5201 OLDTOWN 2.720 0.010 238.6 2.717 20.22 2.76 1,260.0
0.510 0.360 0.410 0.405 5932 BPURI 0.405 -0.010 1017.3 0.408 115.71 108.2 0.210 0.070 0.140 0.135 3018 OLYMPIA 0.140 0.005 1261 0.135 29.17 143.3
1.070 0.790 0.970 0.950 8761 BREM 0.960 UNCH 200.8 0.967 70.07 331.7 2.540 1.640 1.700 1.670 5260 OWG 1.690 UNCH 2616.2 1.688 61.90 410.5
1.158 0.835 1.090 1.070 8591 CRESBLD 1.080 0.010 310 1.077 10.98 3.70 191.1 0.510 0.390 0.420 0.410 8419 PANSAR 0.415 0.005 249.1 0.414 23.71 2.41 116.2
2.120 1.460 1.900 1.900 7528 DKLS 1.900 UNCH 4 1.900 3.51 1.58 176.1 0.665 0.435 0.600 0.595 5125 PANTECH 0.600 0.005 191.8 0.596 14.35 2.58 444.5
2.540 1.270 2.530 2.490 5253 ECONBHD 2.510 0.010 885.4 2.519 17.12 1.79 1,342.9 0.885 0.565 0.575 0.570 5657 PARKSON 0.575 0.005 361.4 0.574 629.0
1.520 1.010 1.220 1.190 8877 EKOVEST 1.200 -0.010 3471.8 1.201 11.28 1.00 2,567.0 1.320 1.022 1.300 1.290 5041 PBA 1.300 UNCH 44.4 1.300 6.44 3.08 430.7
1.010 0.482 1.000 0.980 7047 FAJAR 0.985 UNCH 6318 0.991 13.99 2.54 361.3 0.135 0.050 0.050 0.050 6254 PDZ 0.050 UNCH 615 0.050 43.5
1.350 0.885 1.300 1.280 9261 GADANG 1.290 -0.010 1024.2 1.290 8.85 2.17 845.6 1.250 0.867 1.150 1.130 5133 PENERGY 1.130 -0.020 41 1.142 1.77 363.6
5.480 4.592 5.450 5.430 5398 GAMUDA 5.450 UNCH 1501.4 5.449 20.81 2.20 13,309.6 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.490 0.815 1.440 1.400 5226 GBGAQRS 1.420 -0.010 511.8 1.415 15.83 555.1 0.245 0.040 0.050 0.045 0047 PERISAI 0.045 UNCH 806.5 0.048 56.7
0.920 0.710 0.815 0.810 5169 HOHUP 0.810 -0.005 65.9 0.812 4.86 303.6 0.290 0.115 0.180 0.180 7080 PERMAJU 0.180 UNCH 5.5 0.180 35.3
1.846 1.560 1.660 1.630 6238 HSL 1.630 -0.010 15.3 1.653 17.41 1.47 949.8 1.770 1.413 1.580 1.560 5219 PESTECH 1.560 -0.010 30.3 1.566 21.31 1,190.9
3.610 3.043 3.470 3.410 3336 IJM 3.410 -0.050 4734.4 3.445 18.79 2.20 12,365.0 25.245 22.248 24.220 24.140 5681 PETDAG 24.220 0.040 450.9 24.202 25.45 2.97 24,061.5
0.765 0.565 0.695 0.685 5268 IKHMAS 0.695 0.010 201.7 0.690 70.20 0.72 361.4 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.360 0.290 0.310 0.305 0192 INTA 0.310 0.005 4297.5 0.305 0.26 165.9 5.624 4.500 4.520 4.500 7081 PHARMA 4.500 UNCH 13.2 4.512 25.27 3.56 1,167.2
0.710 0.485 8834 IREKA 0.620 23.13 105.9 0.189 0.118 7201 PICORP 0.165 3.70 108.6
1.790 0.900 1.490 1.420 4723 JAKS 1.490 0.060 2888 1.457 90.30 718.5 0.420 0.220 7163 PJBUMI 0.295 14.8
0.420 0.205 0.385 0.375 9083 JETSON 0.380 UNCH 2309.5 0.379 76.7 5.780 2.412 5.170 5.160 4634 POS 5.160 -0.020 547.9 5.168 40.03 2.27 4,039.1
3.440 1.926 3.250 3.220 7161 KERJAYA 3.240 -0.010 496.5 3.233 14.22 1.23 1,674.4 2.530 1.690 2.110 2.080 5204 PRESBHD 2.100 UNCH 65.8 2.101 112.30 1.43 1,016.4
2.420 1.675 2.290 2.250 5171 KIMLUN 2.250 -0.020 118.5 2.255 8.66 2.89 698.2 2.590 1.640 1.790 1.700 8346 PRKCORP 1.700 -0.050 156.6 1.716 170.0
1.540 1.010 9628 LEBTECH 1.510 157.29 206.1 0.320 0.155 0.320 0.305 0186 PTRANS 0.315 0.010 9066.6 0.313 13.29 1.11 360.0
1.240 0.644 0.890 0.870 5129 MELATI 0.890 0.020 61.8 0.883 4.87 1.97 106.8 0.932 0.722 0.850 0.830 5272 RANHILL 0.830 -0.005 138.3 0.837 8.52 9.40 737.3
0.405 0.240 0.405 0.350 5006 MERGE 0.395 0.045 2977.6 0.381 15.67 26.5 0.360 0.155 0.290 0.285 0037 RGB 0.285 UNCH 1545.6 0.285 14.92 2.11 381.4
1.470 1.150 1.380 1.360 9571 MITRA 1.370 0.010 564.4 1.371 7.13 3.65 921.7 0.385 0.315 8885 RPB 0.330 283.3
1.240 0.570 1.140 1.120 7595 MLGLOBAL 1.140 0.020 34.8 1.121 38.13 417.9 0.730 0.545 0.605 0.595 8567 SALCON 0.600 UNCH 796.5 0.600 3.33 406.6
0.440 0.235 0.360 0.360 5924 MTDACPI 0.360 UNCH 106.6 0.360 600.0 83.4 1.147 0.358 0.950 0.935 5147 SAMCHEM 0.935 -0.015 308.4 0.942 15.48 3.48 254.3
1.670 0.725 1.390 1.360 5085 MUDAJYA 1.370 -0.010 213.1 1.382 756.8 0.315 0.105 0.245 0.230 9113 SANBUMI 0.230 -0.010 91 0.233 52.1
2.990 2.074 2.710 2.690 5703 MUHIBAH 2.710 UNCH 109 2.709 11.68 2.03 1,306.5 2.399 1.920 2.340 2.330 0099 SCICOM 2.340 UNCH 33.1 2.340 17.55 3.85 831.8
0.724 0.318 0.640 0.635 8311 PESONA 0.640 UNCH 61.1 0.637 21.12 3.13 427.0 0.215 0.090 0.135 0.130 7158 SCOMI 0.135 0.005 609.1 0.130 258.9
1.579 1.132 7055 PLB 1.500 0.67 136.9 0.270 0.130 0.145 0.135 7045 SCOMIES 0.140 UNCH 2721.8 0.140 327.8
1.288 0.924 1.070 1.030 5070 PRTASCO 1.060 0.020 412.4 1.051 13.84 5.66 450.2 1.160 0.972 7053 SEEHUP 1.040 6.92 54.3
0.215 0.095 0.175 0.170 7145 PSIPTEK 0.175 UNCH 1393.1 0.170 18.62 61.0 0.769 0.559 0.715 0.700 9792 SEG 0.710 UNCH 305.7 0.706 34.13 4.93 898.3
4.170 3.125 4.170 4.000 9598 PTARAS 4.010 -0.160 48.1 4.040 17.17 4.99 660.5 1.911 1.280 1.400 1.370 5250 SEM 1.400 0.010 773.4 1.389 36.46 1.64 1,726.7
1.370 0.405 1.370 1.290 5205 SENDAI 1.370 0.070 3735.9 1.347 0.36 1,060.4 2.100 1.284 1.590 1.550 5218 SENERGY 1.570 UNCH 10763.4 1.575 74.06 0.64 9,407.7
2.150 1.447 2.030 1.990 5263 SUNCON 2.020 0.020 565.4 2.012 20.22 2.48 2,611.7 2.267 1.488 1.920 1.890 5279 SERBADK 1.920 0.010 917.1 1.907 2.01 2,563.2
0.415 0.300 0.330 0.325 9717 SYCAL 0.330 0.005 108 0.325 18.33 105.7 9.670 7.067 9.640 9.600 4197 SIME 9.610 0.010 2498.5 9.611 20.50 2.81 65,356.1
0.760 0.364 0.730 0.710 5054 TRC 0.710 -0.005 1844.1 0.721 8.82 2.68 341.2 0.930 0.660 9431 SJC 0.700 46.98 1.43 28.4
2.400 1.500 1.730 1.710 5622 TRIPLC 1.730 -0.010 25 1.718 5.34 118.7 1.380 1.200 1.300 1.280 5242 SOLID 1.300 0.030 117 1.289 64.36 1.00 217.4
0.825 0.430 0.740 0.725 5042 TSRCAP 0.740 UNCH 56 0.726 11.26 129.1 2.540 2.140 2.340 2.320 6084 STAR 2.320 -0.010 50 2.327 16.93 7.76 1,713.5
0.145 0.086 0.120 0.115 7070 VIZIONE 0.115 UNCH 1505.7 0.115 44.23 100.6 2.800 2.242 2.700 2.630 9865 SUIWAH 2.700 0.020 4 2.683 15.29 1.30 164.7
1.680 0.890 1.400 1.390 3565 WCEHB 1.390 -0.010 362.1 1.396 39.71 1,393.8 0.110 0.045 0.055 0.050 1201 SUMATEC 0.055 UNCH 3148.5 0.054 212.6
2.467 1.457 2.060 2.030 9679 WCT 2.040 -0.020 4508.7 2.043 27.72 1.46 2,879.4 4.050 2.756 3.920 3.880 5211 SUNWAY 3.910 0.030 2581 3.904 13.51 2.28 8,119.4
0.670 0.550 0.580 0.580 7028 ZECON 0.580 UNCH 10 0.580 1.34 69.1 2.257 1.759 2.060 2.040 6521 SURIA 2.050 0.010 20 2.051 9.26 3.41 590.8
0.205 0.100 0.145 0.140 2283 ZELAN 0.145 UNCH 143.2 0.140 122.5 0.355 0.235 0.275 0.265 5173 SYSCORP 0.275 UNCH 19 0.267 305.5 330.0
TRADING SERVICES 0.490 0.275 0.390 0.380 7228 T7GLOBAL 0.390 UNCH 2075.8 0.385 15.92 148.8
0.550 0.350 0.415 0.410 5238 AAX 0.410 -0.005 3611.9 0.412 41.84 1,700.7 1.747 1.280 8524 TALIWRK 1.520 26.34 5.26 1,838.4
0.270 0.135 0.140 0.140 5166 AEGB 0.140 UNCH 90 0.140 57.4 2.667 1.342 2.400 2.380 5140 TASCO 2.400 0.020 43.4 2.392 15.66 1.88 480.0
2.960 2.082 2.210 2.200 6599 AEON 2.210 0.010 624.9 2.204 42.10 1.36 3,102.8 14.560 12.832 14.180 14.080 5347 TENAGA 14.160 -0.020 5406 14.114 10.96 2.75 80,131.7
0.295 0.160 0.225 0.225 7315 AHB 0.225 0.005 154.5 0.225 64.29 36.0 1.573 1.370 1.420 1.380 8702 TEXCHEM 1.420 UNCH 17.3 1.387 35.50 14.08 176.2
3.468 2.086 3.200 3.160 5099 AIRASIA 3.190 0.040 4823.1 3.184 5.27 3.76 10,660.9 0.240 0.060 0.065 0.060 7206 THHEAVY 0.065 0.005 306 0.063 72.9
9.389 5.687 8.740 8.600 5014 AIRPORT 8.700 0.100 5669.8 8.684 324.63 1.15 14,435.0 6.698 5.690 6.660 6.560 4863 TM 6.620 0.020 1917.2 6.638 36.55 3.25 24,877.5
0.370 0.185 0.195 0.190 5115 ALAM 0.195 UNCH 689.6 0.194 180.3 0.990 0.795 0.870 0.860 0101 TMCLIFE 0.860 -0.005 47.5 0.861 72.88 0.14 1,492.9
0.270 0.090 0159 AMEDIA 0.105 25.1 1.870 1.289 1.770 1.750 8397 TNLOGIS 1.760 0.010 405.7 1.760 8.85 2.84 782.4
8.670 7.217 6351 AMWAY 7.470 26.66 2.68 1,228.0 1.060 0.380 7218 TOCEAN 0.710 44.38 29.1
2.378 2.133 7083 ANALABS 2.230 10.76 1.46 133.9 1.000 0.750 0.830 0.780 5167 TURBO 0.820 -0.005 16.2 0.804 22.59 6.10 88.6
0.085 0.025 0.040 0.040 5194 APFT 0.040 UNCH 860 0.040 22.0 2.892 2.400 7137 UMS 2.600 14.81 2.31 105.8
0.840 0.500 0.720 0.700 5210 ARMADA 0.720 0.020 10573 0.709 1.14 4,223.7 1.040 0.475 0.490 0.475 5243 UMWOG 0.475 -0.010 2217.2 0.481 1,027.0
0.220 0.100 0.160 0.155 1481 ASB 0.155 -0.005 616.2 0.156 19.62 1.61 104.5 1.294 0.978 1.100 1.080 7091 UNIMECH 1.080 UNCH 17.3 1.091 15.79 2.78 141.7
2.913 2.504 2.680 2.640 6399 ASTRO 2.650 0.020 772 2.650 22.29 4.34 13,805.2 0.730 0.365 0.455 0.450 5754 UTUSAN 0.450 -0.015 18 0.452 49.8
5.093 4.550 7048 ATLAN 4.720 21.95 4.77 1,197.2 2.000 1.300 1.710 1.660 7250 UZMA 1.660 -0.050 72.5 1.710 19.90 531.2
1.180 0.715 1.090 1.080 7579 AWC 1.090 UNCH 447.9 1.089 12.81 1.38 290.7 0.900 0.600 7240 VOIR 0.810 578.5 117.6
5.898 4.085 4.970 4.890 6888 AXIATA 4.940 UNCH 4017.8 4.928 116.51 1.62 44,331.7 2.255 1.663 5016 WARISAN 1.980 2.02 133.1
0.665 0.230 0.630 0.615 5021 AYS 0.620 0.005 5442.3 0.619 8.47 2.95 235.9 0.510 0.410 7692 WIDETEC 0.455 20.78 20.4
0.740 0.570 0.610 0.580 7251 BARAKAH 0.600 -0.010 1909.2 0.601 57.14 495.3 4.511 3.620 3.730 3.700 5246 WPRTS 3.710 -0.010 653.9 3.708 20.84 3.77 12,651.1
2.339 1.880 1.970 1.880 5248 BAUTO 1.910 -0.060 3799.7 1.917 18.40 6.10 2,204.7 1.460 0.810 1.260 1.190 5267 XINHWA 1.220 -0.030 1013.6 1.208 25.68 1.02 263.5
0.495 0.370 0.390 0.390 7241 BHS 0.390 -0.010 9.9 0.390 178.8 0.075 0.020 0.045 0.045 7122 YFG 0.045 UNCH 70 0.045 27.4
0.280 0.170 0.210 0.200 6998 BINTAI 0.210 0.015 1277.5 0.205 60.8 3.480 2.537 3.470 3.440 7293 YINSON 3.460 -0.010 1037.2 3.452 16.11 0.58 3,781.1
6.845 5.922 5032 BIPORT 6.070 17.42 3.95 2,792.2 1.715 1.460 1.490 1.470 4677 YTL 1.480 0.010 6952 1.480 18.52 6.42 16,147.6
2.460 1.332 2.390 2.350 5275 BISON 2.390 0.050 6.1 2.351 37.52 0.63 741.1 FINANCE
0.410 0.306 0.345 0.340 3395 BJCORP 0.345 0.005 1794.7 0.341 1,698.6 19.493 12.167 19.200 19.080 5139 AEONCR 19.100 -0.020 149 19.120 10.94 3.30 2,750.4
1.969 1.215 1.550 1.530 5196 BJFOOD 1.540 UNCH 992.2 1.540 51.16 584.8 2.949 2.018 2.700 2.670 5185 AFFIN 2.680 UNCH 183.1 2.682 9.16 2.80 5,207.1
0.700 0.470 0.470 0.470 4219 BJLAND 0.470 UNCH 5.7 0.470 2,350.2 4.400 3.446 3.950 3.900 2488 AFG 3.900 -0.050 518.1 3.917 11.61 4.10 6,037.6
0.470 0.205 0.355 0.320 6025 BJMEDIA 0.320 -0.040 59 0.334 75.2 12.980 9.492 12.900 12.860 1163 ALLIANZ 12.880 -0.020 23 12.886 7.22 0.70 2,243.6
3.299 2.480 2.570 2.550 1562 BJTOTO 2.560 0.010 881.8 2.561 14.29 5.47 3,458.6 12.740 9.511 12.740 12.740 1163PA ALLIANZ-PA 12.740 UNCH 5 12.740 0.85 1,110.4
0.135 0.092 0.110 0.105 7036 BORNOIL 0.110 0.005 1349 0.108 10.48 500.0 5.700 3.855 5.100 4.980 1015 AMBANK 4.980 -0.120 2122 5.011 11.30 3.11 15,010.6
0.960 0.590 0.630 0.615 9474 BRAHIMS 0.630 0.010 112.5 0.623 148.9 1.934 1.263 1.700 1.700 5088 APEX 1.700 0.010 1.5 1.700 25.53 2.94 363.1
2.789 1.705 2.630 2.580 2771 BSTEAD 2.630 0.020 107 2.611 14.03 5.70 5,331.0 4.600 3.773 4.580 4.530 5258 BIMB 4.530 -0.050 0.8 4.568 12.58 2.87 7,419.0
0.395 0.280 0.320 0.320 5257 CARIMIN 0.320 0.015 432.3 0.320 74.8 11.140 8.057 10.440 10.320 1818 BURSA 10.420 0.040 618.2 10.405 27.89 3.26 5,590.6
1.990 1.300 5245 CARING 1.780 33.65 0.84 387.5 6.870 3.949 6.680 6.610 1023 CIMB 6.680 0.030 8934 6.653 14.92 2.99 60,468.1
3.545 2.130 2.160 2.130 2925 CCB 2.140 UNCH 381.3 2.144 7.21 2.34 215.6 0.705 0.320 0.520 0.520 2143 ECM 0.520 0.005 1.6 0.520 22.13 149.0
1.440 0.811 1.360 1.340 7117 CENTURY 1.360 -0.010 195.8 1.355 25.42 2.57 533.8 1.270 1.111 1.250 1.230 5228 ELKDESA 1.240 UNCH 10.2 1.238 11.56 5.44 302.8
0.470 0.401 7209 CHEETAH 0.425 1.76 54.2 15.740 12.501 15.680 15.480 5819 HLBANK 15.540 0.140 2287.6 15.587 14.32 2.64 33,686.3
1.490 0.798 1.310 1.300 5273 CHINHIN 1.300 -0.020 439 1.303 15.01 2.69 657.7 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
0.695 0.385 0.690 0.655 7016 CHUAN 0.675 0.020 2778.8 0.677 9.28 2.67 113.9 17.735 13.509 17.440 17.240 1082 HLFG 17.300 -0.160 68.3 17.300 12.05 2.20 19,852.0
0.100 0.065 0.075 0.070 5104 CNI 0.075 UNCH 182.2 0.075 4.00 54.0 2.630 2.373 6688 HWANG 2.610 20.03 1.15 666.0
1.240 0.650 0.920 0.920 5136 COMPLET 0.920 -0.015 5 0.920 11.79 113.9 1.110 0.627 1.070 1.050 3379 INSAS 1.070 0.020 3180.2 1.065 3.89 0.93 741.9
0.045 0.030 5037 COMPUGT 0.035 74.7 0.970 0.853 0.955 0.955 3379PA INSAS-PA 0.955 0.005 2.5 0.955 6.28 126.6
2.820 1.760 2.700 2.680 5184 CYPARK 2.700 0.010 117.7 2.687 12.82 1.93 703.6 0.395 0.115 0.265 0.250 3441 JOHAN 0.255 -0.005 1938.6 0.256 158.9
0.880 0.298 0.690 0.660 5276 DANCO 0.690 0.010 592.4 0.674 14.78 2.17 205.6 0.690 0.415 0.575 0.560 6483 KENANGA 0.575 0.015 202.7 0.568 36.16 3.91 415.5
0.105 0.050 0.085 0.080 0091 DAYA 0.080 UNCH 254 0.082 152.8 19.600 14.761 18.980 18.760 8621 LPI 18.760 -0.140 36.7 18.894 14.08 4.26 6,228.1
1.290 0.730 1.040 0.990 5141 DAYANG 1.000 -0.020 1161 1.002 22.83 964.8 0.917 0.814 0.850 0.850 1198 MAA 0.850 -0.015 15 0.850 10.59 232.5
1.126 0.796 0.930 0.870 5132 DELEUM 0.930 0.055 420.8 0.900 17.00 3.76 372.2 3.260 2.720 3.140 3.140 1058 MANULFE 3.140 0.010 1 3.140 12.47 3.34 635.4
0.895 0.555 0.710 0.705 7212 DESTINI 0.710 UNCH 354.1 0.710 21.26 820.2 9.650 7.250 9.600 9.580 1155 MAYBANK 9.600 0.020 9431.9 9.591 13.78 5.42 101,202.4
1.970 1.426 1.930 1.900 7277 DIALOG 1.930 0.010 15185.3 1.910 29.78 1.24 10,792.6 1.380 0.669 1.350 1.330 1171 MBSB 1.340 -0.010 4320.6 1.343 22.60 2.24 7,938.7
6.670 3.680 5.000 5.000 5908 DKSH 5.000 UNCH 1 5.000 16.01 1.90 788.3 2.840 1.595 2.750 2.610 6459 MNRB 2.740 0.020 172.8 2.652 11.14 875.7
0.690 0.187 0.600 0.580 4456 DNEX 0.595 0.010 34745.8 0.590 4.15 0.84 1,041.8 1.830 1.160 1.640 1.600 5237 MPHBCAP 1.620 0.020 14 1.626 17.92 1,158.3
1.591 1.092 1.240 1.220 5216 DSONIC 1.230 UNCH 281.2 1.230 26.51 3.25 1,660.5 1.330 1.204 1.310 1.300 6009 P&O 1.310 UNCH 15.9 1.308 20.44 7.25 322.2
0.295 0.175 0.195 0.190 2097 EASTLND 0.195 0.005 130 0.191 47.9 20.580 18.471 20.380 20.340 1295 PBBANK 20.380 UNCH 3983.3 20.368 15.06 2.85 79,118.0
1.040 0.405 0.415 0.405 5259 EATECH 0.410 UNCH 534.7 0.412 5.49 206.6 1.920 0.667 1.700 1.680 9296 RCECAP 1.700 UNCH 241.9 1.688 7.12 2.06 602.4
0.370 0.200 5036 EDARAN 0.270 16.2 5.550 4.457 5.150 5.110 1066 RHBBANK 5.130 -0.010 1049.8 5.124 12.66 2.34 20,571.5
0.290 0.165 0.205 0.195 7471 EDEN 0.200 0.005 2299.2 0.200 62.3 0.730 0.435 0.665 0.655 4898 TA 0.660 0.005 399.8 0.659 4.09 2.58 1,129.9
3.589 2.280 2.380 2.300 1368 EDGENTA 2.360 0.070 647.9 2.336 22.61 2.97 1,962.6 4.250 3.730 4.220 4.180 6139 TAKAFUL 4.200 UNCH 69.2 4.197 18.49 3.73 3,457.2
0.590 0.220 0.325 0.315 0064 EFFICEN 0.325 0.005 496.7 0.324 230.5 1.648 1.217 1.260 1.230 5230 TUNEPRO 1.250 -0.010 2986.6 1.243 13.56 4.16 939.7
1.000 0.759 0.930 0.910 5081 EIG 0.930 0.020 166.2 0.920 16.32 2.42 220.6 PROPERTIES
2.110 1.067 1.830 1.810 5208 EITA 1.830 0.010 63.6 1.824 8.78 2.19 237.9 0.888 0.740 0.785 0.775 1007 AMPROP 0.775 -0.005 126.7 0.781 34.60 3.87 470.7
1.508 1.102 1.350 1.330 5056 ENGTEX 1.350 -0.010 497 1.339 6.66 0.74 479.6 1.850 0.975 1.560 1.470 5959 A&M 1.550 0.080 158.5 1.522 33.99 565.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
WEDN ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)

0.448 0.345 0.380 0.375 1007PA AMPROP-PA 0.375 -0.005 5.2 0.380 5.33 109.0 8.200 3.472 8.200 7.650 0097 VITROX 8.050 0.080 298.5 8.024 27.80 0.81 1,891.2
0.230 0.145 0.165 0.160 4057 ASIAPAC 0.165 UNCH 407.5 0.165 17.93 165.1 1.750 0.611 1.470 1.430 0008 WILLOW 1.440 -0.020 562.4 1.451 16.96 1.39 357.1
0.550 0.415 0.450 0.450 6602 BCB 0.450 UNCH 4 0.450 9.15 185.6 INFRASTRUCTURE PROJECT COMPANIES
0.665 0.440 0.520 0.515 9814 BERTAM 0.520 0.005 6 0.517 2.16 107.5 5.139 4.440 5.000 4.990 6947 DIGI 4.990 UNCH 1505.6 4.991 24.14 4.11 38,797.3
1.400 0.710 1.290 1.250 3239 BJASSET 1.280 -0.010 284.4 1.271 1,521.0 6.150 5.318 6645 LITRAK 5.890 13.99 4.24 3,102.1
1.500 1.000 1.250 1.240 5738 CHHB 1.250 0.050 15 1.245 344.6 1.270 0.880 0.930 0.915 6807 PUNCAK 0.915 -0.015 91 0.919 411.1
1.740 1.394 1.700 1.690 6718 CRESNDO 1.690 UNCH 6 1.697 6.72 2.96 474.0 0.555 0.330 0.500 0.475 5078 SILKHLD 0.485 -0.015 2354 0.485 340.2
1.679 1.165 1.660 1.610 5049 CVIEW 1.660 -0.010 7.6 1.627 6.13 9.04 166.0 9.710 6.817 9.700 9.640 5031 TIMECOM 9.680 UNCH 371.9 9.667 13.21 2.06 5,597.9
2.390 2.073 2.320 2.290 5355 DAIMAN 2.320 -0.010 10 2.299 17.79 2.16 492.3 1.539 1.295 1.460 1.450 6742 YTLPOWR 1.450 UNCH 746.6 1.454 12.89 6.90 11,807.4
1.040 0.500 0.515 0.500 3484 DBHD 0.515 0.005 34.5 0.511 159.3 CLOSED-END FUNDS
2.130 1.400 1.710 1.640 3417 E&O 1.660 -0.030 940.8 1.671 23.85 1.20 2,200.0 2.690 2.250 2.600 2.600 5108 ICAP 2.600 UNCH 33.1 2.600 5200. 364.0
0.325 0.250 0.310 0.305 3557 ECOFIRS 0.310 UNCH 487.1 0.307 29.25 249.0 EXCHANGE TRADED FUNDS
1.720 1.200 1.640 1.610 8206 ECOWLD 1.620 0.020 1386.6 1.625 19.22 4,769.9 1.126 1.070 0800EA ABFMY1 1.123 5.06 1,482.8
0.920 0.570 0.790 0.720 6076 ENCORP 0.790 UNCH 15 0.736 6.04 220.1 1.960 1.605 1.880 1.880 0822EA CIMBA40 1.880 -0.005 20 1.880 3.93 2.5
3.000 1.825 2.700 2.610 8613 ENRA 2.610 -0.190 2.4 2.685 25.14 1.15 355.5 1.520 1.130 1.500 1.490 0823EA CIMBC50 1.490 -0.010 30.8 1.495 14.5
1.240 0.715 1.020 1.000 6815 EUPE 1.020 0.020 54.2 1.008 130.6 1.865 1.690 1.855 1.855 0820EA FBMKLCI-EA 1.855 UNCH 1.8 1.855 1.78 3.1
1.360 1.000 1.110 1.090 5283 EWINT 1.100 0.010 2097.6 1.100 2,640.0 1.070 0.916 1.045 1.040 0826EA METFAPA 1.045 UNCH 5.1 1.045 19.9
0.640 0.485 0.575 0.565 6041 FARLIM 0.565 -0.020 155 0.569 6.45 3.54 79.3 0.952 0.857 0.925 0.925 0825EA METFSID 0.925 0.006 2 0.925 2.53 49.0
0.787 0.650 0.665 0.655 5020 GLOMAC 0.660 0.005 202.5 0.660 4.31 5.30 480.4 1.115 1.045 1.105 1.105 0821EA MYETFDJ 1.105 0.005 3 1.105 2.02 307.1
0.523 0.367 0.445 0.435 9962 GMUTUAL 0.445 0.005 60 0.438 8.40 4.49 167.1 1.095 0.974 1.090 1.085 0824EA MYETFID 1.090 0.010 2 1.088 1.39 55.4
0.470 0.290 0.375 0.370 1147 GOB 0.370 -0.005 156.3 0.371 22.84 1.35 168.2 REITS
1.450 1.110 1.200 1.180 1503 GUOCO 1.180 -0.020 12.1 1.190 3.83 1.69 826.5 1.073 0.935 0.940 0.940 4952 AHP 0.940 -0.010 9 0.940 44.34 4.79 206.8
0.475 0.370 7010 HOOVER 0.440 17.6 1.659 1.415 1.540 1.530 5116 ALAQAR 1.530 UNCH 2.6 1.532 17.94 5.03 1,114.2
1.407 1.031 1.060 1.050 5062 HUAYANG 1.060 UNCH 113 1.055 6.14 1.89 373.1 1.050 0.945 1.020 1.010 5269 ALSREIT 1.010 UNCH 58.5 1.019 12.02 5.94 585.8
0.670 0.472 0.615 0.605 4251 IBHD 0.605 0.005 467.6 0.610 9.21 3.11 608.3 0.828 0.735 0.760 0.740 5120 AMFIRST 0.740 -0.020 87.7 0.747 22.84 5.49 507.9
1.050 0.785 5084 IBRACO 0.840 18.67 4.17 417.0 0.980 0.835 0.960 0.955 5127 ARREIT 0.960 UNCH 368 0.960 13.95 6.00 550.3
2.990 2.323 2.900 2.870 1597 IGB 2.890 0.040 183.6 2.898 10.67 3.46 3,944.3 1.170 0.986 5130 ATRIUM 1.160 24.84 5.56 141.3
2.379 1.850 2.150 2.140 5249 IOIPG 2.140 -0.010 549.4 2.140 10.36 3.47 11,824.0 1.726 1.525 1.610 1.600 5106 AXREIT 1.610 UNCH 782.6 1.600 14.85 5.19 1,779.3
0.620 0.390 0.405 0.400 5175 IVORY 0.405 UNCH 125.4 0.405 20.45 198.5 1.720 1.470 1.540 1.520 5180 CMMT 1.520 -0.010 269.3 1.530 18.47 5.55 3,092.6
3.290 0.785 1.630 1.610 1589 IWCITY 1.620 0.010 4261.9 1.622 1,354.9 1.617 1.360 1.390 1.360 5121 HEKTAR 1.380 0.010 605.2 1.371 13.14 7.39 552.9
0.176 0.105 0.120 0.110 6769 JKGLAND 0.115 0.005 6367.3 0.115 16.91 2.00 261.6 1.790 1.448 1.760 1.760 5227 IGBREIT 1.760 UNCH 58.6 1.760 21.89 4.95 6,166.0
0.085 0.040 0.065 0.060 3115 KBUNAI 0.060 UNCH 3949.7 0.065 18.18 346.6 1.029 0.900 0.925 0.910 5280 KIPREIT 0.915 UNCH 53.8 0.915 21.68 462.3
1.000 0.820 7323 KEN 0.950 5.76 2.63 182.1 8.100 7.004 7.800 7.790 5235SS KLCC 7.800 -0.010 618.6 7.799 16.00 4.57 14,081.6
1.330 0.995 1.250 1.220 5038 KSL 1.240 UNCH 145.2 1.230 3.91 1,286.5 1.350 1.056 1.290 1.270 5123 MQREIT 1.290 0.010 242.7 1.276 15.39 9.84 1,377.7
0.312 0.210 0.220 0.215 3174 L&G 0.215 -0.005 378 0.217 9.27 7.40 629.7 1.910 1.555 1.740 1.740 5212 PAVREIT 1.740 0.010 2.4 1.740 17.08 4.74 5,265.7
1.295 1.051 1.180 1.180 8494 LBICAP 1.180 -0.010 13.7 1.180 4.08 8.90 95.0 1.760 1.493 1.730 1.720 5176 SUNREIT 1.720 UNCH 3228.1 1.721 15.41 5.26 5,065.5
2.099 1.456 2.030 2.020 5789 LBS 2.030 UNCH 48 2.023 13.21 1.97 1,367.1 1.220 1.132 1.210 1.210 5111 TWRREIT 1.210 0.010 30 1.210 16.81 5.73 339.4
0.460 0.230 0.385 0.375 3573 LIENHOE 0.380 0.010 807.1 0.378 137.5 1.850 1.534 5110 UOAREIT 1.720 15.36 6.09 727.3
1.690 0.897 1.480 1.470 7617 MAGNA 1.480 -0.020 30 1.475 2.00 4.05 495.4 1.230 0.972 1.180 1.170 5109 YTLREIT 1.180 0.010 217.2 1.173 6.55 2,011.2
1.700 1.340 1.580 1.540 8583 MAHSING 1.540 -0.020 914.7 1.550 11.60 4.22 3,710.5 SPAC
1.940 0.551 1.470 1.440 6181 MALTON 1.470 0.030 2216.7 1.457 18.56 1.70 775.7 0.720 0.670 5234 CLIQ 0.720 454.3
2.828 2.227 2.690 2.660 5236 MATRIX 2.670 UNCH 630.2 2.679 8.09 5.15 1,553.6 0.480 0.455 5241 SONA 0.475 670.1
1.880 1.000 1.650 1.650 7189 MBWORLD 1.650 0.010 9 1.650 8.20 157.8
1.200 0.750 5182 MCT 0.900 20.59 1,201.3
0.525 0.415 0.440 0.440 5040 MEDAINC 0.440 0.005 10 0.440 216.7
1.070 0.680 0.940 0.935 1694 MENANG 0.935 -0.005 118.7 0.939 7.80 249.7
0.420 0.250 0.400 0.360 8141 MJPERAK 0.390 0.015 1697.5 0.385 92.86 5.49 100.3
2.614 1.930
0.360 0.270
0.220 0.085
2.390
0.280
0.125
2.340
0.275
0.125
6114
8893
6548
MKH
MKLAND
MPCORP
2.380
0.275
0.125
0.040
UNCH
UNCH
279.4
163
41.5
2.363
0.276
0.125
5.80
19.93

2.84


1,333.6
332.0
36.0
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
1.800 1.030 1.380 1.350 1651 MRCB 1.370 0.030 6880.5 1.364 10.31 1.82 3,003.5 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.080 0.610 9539 MUH 0.685 38.6
0.365 0.230 0.290 0.290 3913 MUIPROP 0.290 -0.005 10 0.290 21.01 221.6 CONSUMER PRODUCTS
2.030 1.230 1.250 1.230 5073 NAIM 1.240 -0.030 697.1 1.234 310.0 0.299 0.195 0.240 0.235 0179 BIOHLDG 0.235 -0.005 393.6 0.235 20.09 189.4
3.216 2.420 5827 OIB 2.490 11.93 3.21 360.7 0.320 0.200 0.240 0.220 0170 KANGER 0.235 0.015 1184.1 0.230 27.33 187.6
1.710 1.346 1.600 1.580 5053 OSK 1.600 UNCH 55 1.594 9.56 4.69 2,244.6 0.450 0.200 0.345 0.340 0148 SUNZEN 0.340 -0.005 1635.2 0.341 121.43 163.8
1.850 1.223 1.820 1.820 1724 PARAMON 1.820 -0.020 1 1.820 10.44 4.67 772.2 0.045 0.025 0.035 0.035 0095 XINGHE 0.035 Unch 2410 0.035 3.33 82.2
0.695 0.365 0.635 0.605 6912 PASDEC 0.610 0.005 261.2 0.610 174.4 INDUSTRIAL PRODUCTS
1.820 1.540 1.750 1.700 5075 PLENITU 1.700 -0.050 12.7 1.722 13.98 2.65 648.6 0.274 0.137 0.205 0.200 0105 ASIAPLY 0.200 Unch 866.1 0.200 21.98 2.50 66.7
0.365 0.225 0.300 0.300 2208 PTGTIN 0.300 0.010 10 0.300 103.8 0.095 0.030 0.045 0.040 0072 AT 0.045 0.005 1507.9 0.043 42.9
1.270 0.900 1.100 1.080 4596 SAPRES 1.100 UNCH 14.2 1.095 1.47 2.73 153.6 0.445 0.245 0.410 0.380 0163 CAREPLS 0.405 0.025 5489.2 0.397 72.32 0.74 195.7
0.820 0.665 0.720 0.720 5207 SBCCORP 0.720 UNCH 118.9 0.720 0.64 169.1 0.330 0.080 0.295 0.290 0102 CONNECT 0.295 0.005 440 0.294 118.0 93.3
1.160 0.785 1.080 1.050 2224 SDRED 1.070 -0.010 251.8 1.062 7.66 2.34 456.0 0.642 0.390 0.405 0.395 0100 ESCERAM 0.395 -0.015 86.8 0.400 10.05 1.52 81.2
0.580 0.370 0.495 0.485 4286 SEAL 0.495 UNCH 370.8 0.491 36.67 120.3 0.405 0.245 0.255 0.250 0175 HHGROUP 0.250 -0.010 103.6 0.254 357.1 77.2
2.962 2.761 2.820 2.790 6017 SHL 2.790 -0.040 24.1 2.802 8.24 7.17 675.5 0.145 0.065 0.110 0.105 0160 HHHCORP 0.105 Unch 582.5 0.105 21.43 35.0
0.305 0.130 0.230 0.220 4375 SMI 0.225 0.005 191.7 0.224 1.67 47.2 0.460 0.150 0.395 0.375 0162 IJACOBS 0.385 Unch 3202.9 0.385 28.73 52.2
1.000 0.690 0.850 0.835 5213 SNTORIA 0.850 0.010 59.1 0.843 12.41 2.35 424.2 0.165 0.085 0.130 0.125 0024 JAG 0.130 0.005 2399.7 0.126 23.64 160.9
5.190 4.211 4.850 4.840 1783 SPB 4.840 -0.010 44.6 4.845 13.04 2.48 1,663.1 0.240 0.125 0.185 0.180 0025 LNGRES 0.180 Unch 90.2 0.180 19.35 43.6
4.311 2.639 3.660 3.360 8664 SPSETIA 3.400 -0.220 4531.5 3.415 4.96 5.88 9,707.9 0.150 0.040 0.055 0.055 0070 MQTECH 0.055 Unch 5754.7 0.055 22.8
1.520 0.815 1.410 1.370 3743 SUNSURIA 1.410 -0.010 35.5 1.402 19.97 1,126.4 0.860 0.307 0.800 0.790 0049 OCNCASH 0.795 0.015 1306.6 0.793 16.06 0.88 177.3
4.050 2.756 3.920 3.880 5211 SUNWAY 3.910 0.030 2581 3.904 13.51 2.28 8,119.4 0.610 0.130 0.280 0.260 0038 PTB 0.280 0.010 433.1 0.269 63.64 42.1
1.070 0.625 0.990 0.980 1538 SYMLIFE 0.990 0.010 61 0.987 8.82 2.02 306.9 0.190 0.060 0.070 0.065 0133 SANICHI 0.070 0.005 3747.2 0.066 60.1
0.395 0.215 0.335 0.325 5158 TAGB 0.330 UNCH 580.4 0.330 7.93 1.21 1,756.2 0.060 0.025 0.035 0.035 0109 SCBUILD 0.035 Unch 2177.8 0.035 30.9
7.168 5.976 6.800 6.800 2305 TAHPS 6.800 -0.150 1 6.800 26.40 0.74 509.0 0.220 0.110 0.160 0.160 0001 SCOMNET 0.160 0.005 205.8 0.160 12.80 2.50 38.9
0.060 0.035 0.045 0.040 2259 TALAMT 0.045 0.005 2481 0.045 189.9 0.289 0.117 0.230 0.225 0028 SCOPE 0.225 Unch 233.1 0.226 27.44 2.22 126.1
1.547 1.287 1.450 1.440 5191 TAMBUN 1.440 -0.010 88.7 1.441 5.45 6.25 623.8 0.290 0.110 0.170 0.165 0055 SERSOL 0.165 Unch 337.7 0.165 35.5
0.140 0.055 0.105 0.105 2429 TANCO 0.105 0.005 232.6 0.105 69.5 0.745 0.178 0.700 0.685 0084 TECFAST 0.685 -0.010 844.5 0.690 31.00 0.73 117.2
0.315 0.170 0.230 0.230 7889 THRIVEN 0.230 UNCH 52.5 0.230 86.6 TECHNOLOGY
0.085 0.040 0.065 0.060 7079 TIGER 0.065 UNCH 2914.9 0.060 95.7 0.650 0.160 0.650 0.610 0018 ACCSOFT 0.615 0.005 300.5 0.624 512.1
1.930 1.390 1.600 1.580 5239 TITIJYA 1.600 0.010 183.9 1.591 8.29 0.31 656.0 0.550 0.160 0.480 0.470 0181 AEMULUS 0.470 -0.010 1281.7 0.472 123.68 206.3
1.044 0.937 0.980 0.960 5401 TROP 0.980 0.015 158 0.969 10.97 4.54 1,436.4 0.455 0.115 0.360 0.355 0119 APPASIA 0.355 -0.010 50 0.356 103.9
1.360 0.995 1.230 1.220 5148 UEMS 1.220 UNCH 4458.8 1.222 28.71 1.31 5,535.7 0.450 0.155 0.245 0.230 0068 ASDION 0.240 -0.020 30 0.235 27.9
2.615 1.964 2.510 2.500 5200 UOADEV 2.510 0.020 33.1 2.505 6.38 5.98 4,097.5 1.190 0.710 0.740 0.740 0098 BAHVEST 0.740 Unch 43.8 0.740 444.0
1.810 0.935 1.810 1.800 2976 WINGTM 1.800 UNCH 504.4 1.800 58.44 1.67 877.2 0.770 0.640 0.680 0.650 0191 CABNET 0.670 0.010 448.8 0.665 10.98 87.1
1.279 0.846 0.990 0.990 7003 Y&G 0.990 -0.005 0.5 0.990 11.81 197.4 0.065 0.030 0.050 0.040 0152 DGB 0.050 0.005 6.2 0.042 500.0 24.5
1.840 1.440 1.500 1.480 3158 YNHPROP 1.500 -0.010 100.1 1.494 19.48 793.5 0.075 0.020 0.040 0.035 0131 DGSB 0.035 -0.005 353 0.035 50.00 47.5
1.610 0.910 1.400 1.380 7066 YONGTAI 1.380 UNCH 499.3 1.391 21.40 601.2 0.120 0.050 0.090 0.085 0154 EAH 0.085 -0.005 953 0.086 35.42 126.7
0.670 0.550 0.610 0.600 2577 YTLLAND 0.600 UNCH 113.5 0.603 14.78 506.6 0.280 0.150 0.165 0.160 0107 EDUSPEC 0.160 Unch 328.1 0.165 28.07 147.3
MINING 0.295 0.050 0.230 0.215 0116 FOCUS 0.230 0.020 1942.8 0.220 178.7
1.290 1.150 1.220 1.200 2186 KUCHAI 1.200 UNCH 7.4 1.211 0.71 148.5 1.160 0.815 0.970 0.955 0104 GENETEC 0.960 -0.015 36.4 0.965 33.8
PLANTATIONS 0.759 0.431 0.675 0.670 0039 GFM 0.675 Unch 375 0.675 27.55 2.15 289.0
0.295 0.195 0.230 0.220 7054 AASIA 0.230 0.005 67 0.221 230.00 151.8 0.090 0.030 0.075 0.070 0045 GNB 0.070 Unch 550 0.070 20.2
19.740 17.227 18.860 18.780 1899 BKAWAN 18.800 UNCH 66.9 18.803 10.82 2.93 8,195.9 0.185 0.070 0.160 0.150 0074 GOCEAN 0.155 Unch 297 0.152 258.33 40.8
8.659 8.341 8.380 8.380 5069 BLDPLNT 8.380 -0.010 1 8.380 40.90 0.48 783.5 0.100 0.040 0.055 0.055 0174 IDMENSN 0.055 -0.005 356 0.055 110.00 27.2
1.697 1.320 1.650 1.640 5254 BPLANT 1.650 0.010 44.7 1.645 11.53 8.48 2,640.0 0.592 0.227 0.365 0.350 0023 IFCAMSC 0.355 0.005 7441.3 0.355 29.58 1.41 215.9
0.953 0.614 0.825 0.815 8982 CEPAT 0.815 UNCH 121.1 0.818 9.07 1.84 259.5 0.100 0.065 0.070 0.070 0094 INIX 0.070 Unch 105 0.070 17.7
8.240 7.253 8.000 7.860 1929 CHINTEK 7.860 -0.240 3 7.907 40.45 2.16 718.1 0.240 0.100 0.175 0.165 0010 IRIS 0.170 Unch 11019.9 0.172 382.0
0.545 0.385 0.450 0.450 3948 DUTALND 0.450 UNCH 39 0.450 380.8 2.070 0.450 1.780 1.720 0146 JFTECH 1.730 -0.020 209 1.744 51.49 0.58 218.0
9.100 7.138 5029 FAREAST 8.800 9.10 3.41 1,244.2 2.805 0.464 2.760 2.710 0127 JHM 2.750 0.010 327.4 2.745 26.75 680.5
2.506 1.412 1.780 1.740 5222 FGV 1.750 UNCH 9332.3 1.757 62.28 0.57 6,384.3 0.270 0.130 0.205 0.205 0111 K1 0.205 Unch 194.9 0.205 106.4
11.679 9.986 11.100 11.020 2291 GENP 11.080 -0.020 29.8 11.090 20.83 0.90 8,901.0 0.115 0.025 0.040 0.040 0036 KGROUP 0.040 Unch 9738.3 0.040 65.5
0.675 0.500 0.615 0.610 7382 GLBHD 0.610 UNCH 47 0.613 136.0 0.580 0.180 0.530 0.520 0176 KRONO 0.525 0.010 1996.8 0.523 16.56 141.9
1.580 1.140 1.320 1.320 2135 GOPENG 1.320 UNCH 2 1.320 43.42 3.03 236.7 0.190 0.045 0.085 0.080 0017 M3TECH 0.080 Unch 1148.4 0.080 46.9
0.895 0.790 0.800 0.800 7501 HARNLEN 0.800 UNCH 10 0.800 148.4 0.300 0.155 0.240 0.230 0075 MEXTER 0.240 0.010 739.1 0.230 48.2
2.650 2.224 2.600 2.580 5138 HSPLANT 2.590 UNCH 179.3 2.590 14.62 4.25 2,072.0 0.590 0.420 0155 MGRC 0.480 109.09 49.7
3.700 3.000 3.100 3.090 2216 IJMPLNT 3.100 0.020 13 3.092 23.74 2.26 2,729.8 1.770 0.870 0.995 0.950 0126 MICROLN 0.980 0.030 86.4 0.974 213.04 164.0
0.734 0.651 0.675 0.675 2607 INCKEN 0.675 UNCH 1.6 0.675 1.66 284.0 0.775 0.409 0.735 0.725 0112 MIKROMB 0.730 0.005 588.9 0.731 21.10 1.51 224.5
1.475 0.590 6262 INNO 1.100 13.85 1.82 526.7 0.145 0.065 0085 MLAB 0.110 20.6
4.810 4.120 4.490 4.460 1961 IOICORP 4.480 UNCH 1093.4 4.482 96.76 2.01 28,948.9 0.070 0.040 0.050 0.050 0034 MMAG 0.050 Unch 180 0.050 47.7
25.300 22.237 24.860 24.720 2445 KLK 24.800 -0.060 343.4 24.790 20.65 2.02 26,474.1 1.500 0.466 1.470 1.440 0113 MMSV 1.450 -0.010 945.9 1.446 16.88 1.38 236.4
3.500 2.991 3.220 3.220 2453 KLUANG 3.220 -0.010 0.1 3.220 72.04 0.31 203.4 0.245 0.060 0.075 0.070 0103 MNC 0.070 Unch 199.9 0.070 22.58 30.4
3.850 3.062 3.850 3.800 5027 KMLOONG 3.800 -0.010 48.5 3.818 16.63 3.95 1,184.9 0.310 0.145 0.210 0.205 0156 MPAY 0.205 Unch 1857.8 0.210 145.6
0.695 0.491 0.555 0.545 1996 KRETAM 0.555 UNCH 68.9 0.550 31.71 1.80 1,291.8 0.335 0.130 0.310 0.300 0092 MTOUCHE 0.310 0.005 117 0.307 281.82 39.5
1.750 1.160 6572 KWANTAS 1.630 10.22 508.0 0.919 0.625 0.760 0.760 0108 N2N 0.760 -0.010 10 0.760 29.01 2.63 362.1
1.550 1.270 4936 MALPAC 1.320 126.9 99.0 0.110 0.015 0.055 0.045 0020 NETX 0.050 Unch 39231.4 0.050 62.6
0.963 0.757 5026 MHC 0.885 12.43 1.69 173.9 0.065 0.035 0.045 0.040 0096 NEXGRAM 0.045 Unch 6246.9 0.043 84.7
2.400 2.060 5047 NPC 2.230 8.54 0.45 267.6 0.115 0.070 0.075 0.075 0026 NOVAMSC 0.075 Unch 270 0.075 51.2
4.239 3.666 4.040 4.040 2038 NSOP 4.040 UNCH 49.2 4.040 32.71 1.49 283.6 0.685 0.555 0.590 0.590 0035 OPCOM 0.590 Unch 7 0.590 13.26 95.1
0.315 0.190 0.245 0.240 1902 PINEPAC 0.240 -0.005 110 0.241 36.0 0.414 0.263 0.360 0.350 0040 OPENSYS 0.350 -0.005 300.9 0.355 17.24 2.86 104.3
1.380 0.920 1.140 1.120 9695 PLS 1.120 -0.030 10 1.130 365.9 0.425 0.140 0.210 0.185 0079 ORION 0.190 Unch 3650.1 0.199 25.3
0.550 0.450 0.460 0.455 5113 RSAWIT 0.460 UNCH 163.2 0.456 652.5 0.090 0.045 0.060 0.060 0005 PALETTE 0.060 Unch 50 0.060 11.76 19.2
4.100 3.346 3.820 3.820 2542 RVIEW 3.820 UNCH 15 3.820 18.43 1.57 247.7 0.230 0.135 0.160 0.155 0123 PRIVA 0.160 Unch 207 0.157 1.25 89.3
3.180 2.900 2.960 2.960 2569 SBAGAN 2.960 -0.040 0.2 2.960 0.68 196.3 0.175 0.055 0.150 0.140 0007 PUC 0.145 0.005 10841.4 0.145 58.00 170.0
0.720 0.505 0.610 0.605 4316 SHCHAN 0.605 -0.045 14 0.606 18.06 69.6 0.945 0.477 0.885 0.860 0106 REXIT 0.860 -0.010 330.4 0.876 21.66 4.65 162.8
4.020 3.292 3.640 3.610 5126 SOP 3.640 0.040 21 3.627 10.50 1.37 2,077.7 0.375 0.218 0.310 0.305 0178 SEDANIA 0.305 -0.005 159.2 0.308 3.28 61.0
2.060 1.590 1.620 1.600 5135 SWKPLNT 1.620 0.010 55.6 1.620 12.53 453.6 0.190 0.055 0.125 0.120 0060 SKH 0.120 -0.005 334.3 0.121 42.86 66.5
0.815 0.640 0.670 0.665 2054 TDM 0.665 -0.005 376.1 0.670 22.02 0.75 1,001.1 0.300 0.155 0117 SMRT 0.195 61.7
1.207 0.998 1.120 1.110 5112 THPLANT 1.120 0.010 72.2 1.115 5.98 5.36 989.9 0.110 0.025 0.065 0.060 0169 SMTRACK 0.065 0.005 450.2 0.063 22.5
1.977 1.710 1.780 1.720 9059 TSH 1.760 0.020 202.9 1.736 64.00 1.14 2,388.0 0.355 0.232 0.315 0.305 0093 SOLUTN 0.310 Unch 1738.5 0.307 12.20 3.23 94.9
6.510 5.456 6.160 6.050 2593 UMCCA 6.090 0.060 540.2 6.085 16.81 3.28 1,274.6 0.360 0.080 0.215 0.200 0129 SRIDGE 0.215 0.005 45 0.209 26.0
28.700 25.323 28.000 28.000 2089 UTDPLT 28.000 -0.200 0.3 28.000 16.75 1.43 5,827.8 0.340 0.140 0.275 0.270 0050 SYSTECH 0.270 -0.005 185 0.270 31.76 1.11 85.7
HOTELS 0.190 0.115 0.165 0.160 0132 TDEX 0.160 -0.005 2308 0.160 114.29 66.1
0.628 0.483 0.580 0.550 5592 GCE 0.580 0.020 9.3 0.566 3.45 114.3 1.100 0.189 1.080 1.000 0120 VIS 1.010 Unch 9643.9 1.042 15.98 0.50 111.8
1.000 0.680 0.915 0.880 1643 LANDMRK 0.880 UNCH 192 0.884 465.4 0.244 0.115 0.125 0.120 0069 VIVOCOM 0.125 Unch 6224.7 0.123 11.16 404.3
0.285 0.115 0.165 0.155 1287 PMHLDG 0.165 0.005 317.8 0.162 153.3 0.145 0.065 0.110 0.105 0066 VSOLAR 0.105 0.005 2332.9 0.105 35.0
5.295 4.864 5.110 5.050 5517 SHANG 5.050 -0.080 13.1 5.058 27.87 2.77 2,222.0 0.070 0.020 0141 WINTONI 0.035 18.0
TECHNOLOGY 0.195 0.080 0.165 0.155 0086 YGL 0.165 0.005 21 0.156 31.9
0.780 0.585 7031 AMTEL 0.630 30.29 31.0 TRADING SERVICES
0.420 0.180 0.325 0.315 5195 CENSOF 0.320 UNCH 1628.2 0.320 11.19 160.5 0.400 0.150 0122 AIM 0.250 66.5
0.400 0.090 0.280 0.255 0051 CUSCAPI 0.280 0.030 5142.9 0.270 134.2 0.165 0.060 0.145 0.130 0048 ANCOMLB 0.145 0.010 3688 0.139 68.6
0.735 0.250 0.615 0.610 7204 D&O 0.615 0.005 367.3 0.615 41.55 613.6 0.240 0.105 0.155 0.150 0150 ASIABIO 0.150 -0.005 5150.8 0.152 38.46 62.0
0.710 0.110 0.410 0.390 8338 DATAPRP 0.400 0.005 4728.1 0.399 168.6 0.275 0.155 0.200 0.195 0187 BCMALL 0.195 Unch 274 0.196 24.68 82.1
0.235 0.150 0.170 0.165 0029 DIGISTA 0.170 UNCH 280.8 0.168 11.04 101.9 0.404 0.297 0.330 0.330 0011 BTECH 0.330 Unch 30 0.330 19.19 4.64 83.2
1.578 1.304 5162 ECS 1.470 8.86 4.08 264.6 0.320 0.170 0.240 0.240 0157 FOCUSP 0.240 Unch 3.4 0.240 39.6
1.223 0.539 1.200 1.150 0065 EFORCE 1.190 0.040 1694.6 1.183 88.81 1.05 492.3 1.009 0.386 0.920 0.885 0185 HSSEB 0.905 0.025 4111 0.908 18.21 0.70 288.8
2.690 0.882 2.530 2.430 0090 ELSOFT 2.530 0.110 136.3 2.498 19.36 1.58 693.6 0.900 0.510 0147 INNITY 0.705 60.26 97.6
1.870 0.780 1.530 1.480 0021 GHLSYS 1.490 -0.040 1228.2 1.499 50.85 0.34 982.6 0.360 0.235 0.260 0.260 0180 KTC 0.260 -0.005 230 0.260 36.62 132.7
0.455 0.210 0.355 0.345 0082 GPACKET 0.350 UNCH 3275.7 0.348 5.17 265.6 0.350 0.130 0.295 0.275 0167 MCLEAN 0.280 0.010 145.1 0.279 24.14 50.1
0.260 0.175 0.230 0.225 0056 GRANFLO 0.230 UNCH 55 0.226 2.17 111.1 0.450 0.315 0081 MEGASUN 0.350 15.15 76.4
6.268 2.636 6.090 6.030 7022 GTRONIC 6.090 0.060 311.6 6.062 64.31 0.66 1,733.1 0.280 0.165 0153 OVERSEA 0.195 92.86 48.1
0.980 0.510 0.865 0.860 5028 HTPADU 0.865 0.010 35.1 0.861 10.21 5.78 87.6 0.181 0.115 0.165 0.160 0177 PASUKGB 0.165 Unch 3131.1 0.162 133.9
2.199 1.980 2.160 2.130 0166 INARI 2.140 UNCH 5224.3 2.145 20.42 2.92 4,265.5 0.380 0.230 0006 PINEAPP 0.320 200.0 15.5
0.435 0.075 0.255 0.240 9393 ITRONIC 0.255 0.010 285.5 0.247 26.2 0.355 0.201 0.320 0.315 0171 PLABS 0.320 Unch 368 0.320 18.39 2.19 68.7
0.688 0.453 0.585 0.575 5161 JCY 0.585 0.010 345.1 0.580 86.03 8.55 1,215.0 0.015 0.005 0110 RA 0.005 2.63 4.8
15.200 4.717 15.100 14.880 9334 KESM 15.100 0.140 56.3 14.992 16.80 0.20 649.5 0.265 0.160 0.230 0.225 0080 RAYA 0.230 Unch 77.8 0.229 63.89 42.3
0.170 0.060 0.125 0.120 0143 KEYASIC 0.125 UNCH 649.1 0.123 111.3 0.615 0.280 0.460 0.450 0032 REDTONE 0.455 0.010 214.4 0.454 344.7
13.500 6.921 13.300 13.200 3867 MPI 13.260 0.060 241.4 13.237 14.26 2.04 2,783.1 1.080 0.298 0.720 0.705 0173 REV 0.715 -0.005 316.3 0.714 6.43 96.3
1.400 0.845 1.250 1.200 5011 MSNIAGA 1.200 -0.050 6 1.222 18.13 72.5 2.398 1.576 2.330 2.220 0158 SCC 2.250 0.080 137.3 2.272 15.67 4.44 96.2
1.327 0.343 1.160 1.150 0083 NOTION 1.160 0.010 122.8 1.155 30.29 2.16 383.4 0.275 0.160 0.220 0.215 0161 SCH 0.220 Unch 447.3 0.217 122.22 3.86 90.7
0.605 0.430 0.520 0.495 9008 OMESTI 0.520 0.020 1113 0.503 223.8 0.230 0.100 0.150 0.145 0140 STERPRO 0.145 -0.005 230 0.150 40.5
0.375 0.260 0.325 0.315 0041 PANPAGE 0.320 UNCH 22109 0.321 85.0 1.490 0.955 1.250 1.250 0089 TEXCYCL 1.250 0.020 34.7 1.250 13.34 0.40 213.5
3.970 0.735 3.780 3.730 7160 PENTA 3.750 -0.040 161.3 3.760 17.48 549.6 0.205 0.100 0145 TFP 0.160 32.8
0.610 0.250 0.375 0.360 9075 THETA 0.375 0.010 93.8 0.366 40.2 0.175 0.095 0.115 0.105 0165 XOX 0.115 0.005 3422.3 0.110 98.0
0.215 0.065 0.135 0.135 0118 TRIVE 0.135 UNCH 3946.8 0.135 96.43 180.4 FINANCE
3.700 2.182 3.510 3.440 5005 UNISEM 3.480 0.050 1428.6 3.480 14.80 3.16 2,553.7 0.810 0.381 0.710 0.695 0053 OSKVI 0.710 0.010 127.8 0.702 5.02 2.82 140.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.330 0.100 0.165 0.155 0078CD GDEX-CD 0.165 0.005 464.5 0.640 0.600 13.09 31/10/2017
Main Market & Ace Market Warrants 0.200 0.105 0.115 0.115 0078CE GDEX-CE 0.115 Unch 1 0.640 0.838 44.34 25/01/2018
0.572 0.117 0.410 0.390 0078WB GDEX-WB 0.410 0.020 353.2 0.640 0.383 23.83 05/02/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.405 0.125 0.200 0.195 471518 GENM-C18 0.200 Unch 210 5.830 5.000 -2.23 13/07/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.305 0.155 0.200 0.200 471519 GENM-C19 0.200 Unch 20 5.830 4.710 1.37 31/10/2017
0.200 0.025 0.030 0.030 5238C1 AAX-C1 0.030 Unch 1950.5 0.410 0.350 0.00 10/07/2017 0.345 0.160 0.220 0.180 471523 GENM-C23 0.220 0.020 1541 5.830 5.500 6.42 29/09/2017
0.165 0.065 0.065 0.065 5238C7 AAX-C7 0.065 Unch 150 0.410 0.430 20.73 31/10/2017 0.300 0.130 0.205 0.165 471524 GENM-C24 0.200 0.020 5210.8 5.830 5.500 6.35 29/12/2017
0.320 0.160 0.220 0.215 5238WA AAX-WA 0.215 Unch 1835 0.410 0.460 64.63 08/06/2020 0.190 0.105 0.115 0.115 471525 GENM-C25 0.115 Unch 35 5.830 6.000 10.81 07/12/2017
0.120 0.035 0.090 0.085 7146WA AEM-WA 0.090 0.005 646.1 0.185 0.250 83.78 17/12/2019 3.850 2.540 3.250 3.250 2291WA GENP-WA 3.250 Unch 6 11.080 7.750 -0.72 17/06/2019
0.165 0.020 0.025 0.020 6599CH AEON-CH 0.025 -0.005 271 2.210 2.520 16.86 18/09/2017 0.180 0.120 0.135 0.130 318242 GENTINGC42 0.130 -0.005 177.8 9.720 9.500 5.76 29/12/2017
0.455 0.110 0.310 0.310 5139CB AEONCR-CB 0.310 -0.015 10 19.100 16.500 2.62 16/10/2017 0.140 0.105 0.105 0.105 318243 GENTINGC43 0.105 -0.030 10 9.720 9.800 9.47 16/10/2017
0.155 0.050 0.095 0.095 7315WB AHB-WB 0.095 Unch 192.9 0.225 0.200 31.11 28/08/2019 0.180 0.115 0.115 0.115 318244 GENTINGC44 0.115 -0.030 100 9.720 10.300 11.29 31/10/2017
0.330 0.070 0.250 0.230 509947 AIRASIAC47 0.235 -0.005 640.1 3.190 2.600 3.61 31/10/2017 1.990 1.240 1.770 1.700 3182WA GENTING-WA 1.740 -0.020 485.4 9.720 7.960 -0.21 18/12/2018
0.190 0.080 0.115 0.115 509948 AIRASIAC48 0.115 Unch 60.1 3.190 3.000 6.66 16/08/2017 0.230 0.070 0.155 0.150 1147WA GOB-WA 0.150 -0.005 60 0.370 0.800 156.76 24/12/2019
0.460 0.185 0.405 0.405 509949 AIRASIAC49 0.405 Unch 1 3.190 2.150 5.49 31/07/2017 0.085 0.025 0.050 0.045 0074WA GOCEAN-WA 0.050 0.005 300 0.155 0.340 151.61 07/08/2019
0.200 0.090 0.145 0.140 509953 AIRASIAC53 0.145 0.010 220 3.190 3.200 13.95 31/01/2018 0.415 0.190 0.230 0.225 2062WC HARBOUR-WC 0.225 Unch 31.5 0.700 1.560 155.00 03/04/2021
0.180 0.075 0.100 0.095 509954 AIRASIAC54 0.095 -0.005 2146.5 3.190 3.600 20.89 31/10/2017 1.320 0.830 1.070 1.060 5095WB HEVEA-WB 1.060 -0.010 12 1.310 0.250 0.00 28/02/2020
0.150 0.090 0.110 0.110 509955 AIRASIAC55 0.110 Unch 301.6 3.190 4.000 34.70 29/12/2017 0.180 0.065 0.175 0.165 5072WB HIAPTEK-WB 0.170 0.005 8846.9 0.375 0.500 78.67 23/06/2021
0.275 0.200 0.205 0.205 5014CT AIRPORT-CT 0.205 0.005 50 8.700 8.200 8.39 25/01/2018 0.530 0.265 0.370 0.360 5169WA HOHUP-WA 0.365 -0.005 65.8 0.810 0.600 19.14 21/12/2018
0.420 0.160 0.315 0.300 7609WA AJIYA-WA 0.310 0.010 458.5 0.785 0.920 56.69 28/08/2021 0.390 0.270 0.275 0.275 5160WA HOMERIZ-WA 0.275 -0.005 15 0.900 0.920 32.78 09/07/2020
0.610 0.085 0.355 0.330 1015CX AMBANK-CX 0.335 Unch 928.6 4.980 4.150 0.15 29/09/2017 0.230 0.115 0.165 0.160 7213WB HOVID-WB 0.165 0.005 173.2 0.315 0.180 9.52 05/06/2018
0.440 0.200 0.230 0.215 1015CY AMBANK-CY 0.220 -0.005 363.8 4.980 5.000 11.45 31/10/2017 0.050 0.015 0.015 0.015 7013WA HUBLINE-WA 0.015 Unch 3.1 0.065 3.200 4,847 04/11/2019
0.100 0.035 0.045 0.045 1015CZ AMBANK-CZ 0.045 Unch 20 4.980 6.000 25.45 30/11/2017 0.045 0.015 0.030 0.025 9601WD HWGB-WD 0.025 -0.005 1010.1 0.050 0.080 110.00 15/03/2021
0.315 0.140 0.205 0.200 6556CC ANNJOO-CC 0.205 0.005 229 3.120 2.800 12.74 31/10/2017 0.235 0.155 0.180 0.170 4251WA IBHD-WA 0.175 Unch 195 0.605 1.410 161.98 08/10/2019
0.270 0.135 0.170 0.160 6556CD ANNJOO-CD 0.170 0.010 179.5 3.120 3.000 15.22 08/12/2017 0.055 0.015 0.035 0.035 0174WA IDMENSN-WA 0.035 0.010 20 0.055 0.100 145.45 14/07/2020
0.275 0.040 0.070 0.065 9342WA ANZO-WA 0.070 Unch 269.1 0.145 0.250 120.69 19/11/2019 0.115 0.035 0.060 0.055 5225C3 IHH-C3 0.055 -0.005 76.9 5.980 6.300 8.11 29/12/2017
0.265 0.045 0.095 0.075 9342WB ANZO-WB 0.075 Unch 357.9 0.145 0.250 124.14 25/08/2023 0.195 0.090 0.095 0.090 3336C5 IJM-C5 0.090 -0.010 200 3.410 3.500 6.60 29/12/2017
0.335 0.065 0.250 0.250 0119WA APPASIA-WA 0.250 Unch 320 0.355 0.130 7.04 23/12/2024 0.135 0.070 0.105 0.105 0166C1 INARI-C1 0.105 0.005 50 2.140 2.100 7.94 29/09/2017
0.110 0.035 0.040 0.040 521023 ARMADA-C23 0.040 Unch 12 0.720 0.700 5.56 31/07/2017 0.140 0.075 0.115 0.110 0166C2 INARI-C2 0.115 Unch 338.5 2.140 2.150 11.21 08/12/2017
0.255 0.100 0.140 0.135 521024 ARMADA-C24 0.140 Unch 52 0.720 0.600 2.78 30/11/2017 0.260 0.125 0.230 0.220 0166CW INARI-CW 0.230 0.005 24 2.140 1.750 0.58 13/07/2017
0.100 0.030 0.035 0.035 521026 ARMADA-C26 0.035 Unch 70 0.720 0.880 27.57 31/10/2017 0.330 0.165 0.270 0.260 0166CZ INARI-CZ 0.260 -0.005 558.3 2.140 1.800 2.34 29/12/2017
0.100 0.030 0.050 0.045 521027 ARMADA-C27 0.045 Unch 177.1 0.720 0.835 22.22 31/01/2018 1.450 0.625 1.350 1.330 0166WB INARI-WB 1.340 0.010 140.3 2.140 0.800 0.00 17/02/2020
0.350 0.060 0.100 0.095 0068WB ASDION-WB 0.100 Unch 35.8 0.240 0.500 150.00 24/03/2019 0.045 0.015 0.030 0.030 0094WA INIX-WA 0.030 Unch 65 0.070 0.100 85.71 16/11/2020
0.110 0.045 0.075 0.070 0150WA ASIABIO-WA 0.075 Unch 279.7 0.150 0.300 150.00 19/04/2024 0.525 0.155 0.495 0.480 3379WB INSAS-WB 0.490 0.005 5340.8 1.070 1.000 39.25 25/02/2020
0.765 0.095 0.715 0.660 7099WB ATTA-WB 0.695 0.025 2065.9 1.400 1.000 21.07 09/05/2022 0.070 0.020 0.045 0.040 7183WA IRETEX-WA 0.045 Unch 60.1 0.180 0.800 369.44 10/06/2019
0.810 0.500 0.540 0.500 7099WC ATTA-WC 0.520 0.010 1704.9 1.400 1.000 8.57 18/11/2024 0.070 0.020 0.050 0.050 0024WA JAG-WA 0.050 Unch 1306.4 0.130 0.100 15.38 14/08/2019
0.035 0.010 0.025 0.020 0072WA AT-WA 0.025 Unch 419.2 0.045 0.090 155.56 28/01/2019 0.120 0.045 0.050 0.050 5161C2 JCY-C2 0.050 Unch 65 0.585 0.635 17.09 16/10/2017
0.040 0.020 0.025 0.025 0072WB AT-WB 0.025 Unch 38 0.045 0.030 22.22 17/10/2019 0.115 0.045 0.075 0.070 9083WB JETSON-WB 0.075 Unch 1090.1 0.380 0.750 117.11 06/02/2019
0.290 0.115 0.190 0.190 688816 AXIATA-C16 0.190 Unch 20 4.940 4.500 2.63 18/08/2017 0.110 0.060 0.080 0.080 8923WA JIANKUN-WA 0.080 -0.005 156.5 0.285 0.320 40.35 23/12/2021
0.120 0.030 0.035 0.030 5248CR BAUTO-CR 0.030 -0.010 439.1 1.910 2.100 13.09 29/12/2017 0.830 0.205 0.740 0.725 7167WA JOHOTIN-WA 0.740 0.010 311 1.630 0.850 -2.45 21/11/2017
0.070 0.055 0.060 0.055 5248CS BAUTO-CS 0.060 -0.010 71 1.910 2.100 16.23 08/01/2018 0.090 0.035 0.045 0.040 4383CN JTIASA-CN 0.040 Unch 2622.9 1.180 1.350 19.49 16/10/2017
0.120 0.105 0.105 0.105 524801 BAUTO-MC01 0.105 Unch 501 1.910 2.150 23.56 14/12/2017 0.150 0.080 0.085 0.085 4383CO JTIASA-CO 0.085 Unch 124.9 1.180 1.200 16.10 08/01/2018
0.170 0.105 0.110 0.105 7241WA BHS-WA 0.110 Unch 61 0.390 0.600 82.05 18/10/2020 0.245 0.110 0.160 0.150 0170WA KANGER-WA 0.160 Unch 44.5 0.235 0.100 10.64 13/04/2020
0.450 0.260 0.375 0.355 5258WA BIMB-WA 0.365 -0.010 1138.3 4.530 4.720 12.25 04/12/2023 0.105 0.070 0.075 0.070 5247C1 KAREX-C1 0.070 -0.005 641 1.700 1.950 27.06 28/12/2017
0.155 0.070 0.105 0.105 6998WA BINTAI-WA 0.105 0.010 1171 0.210 0.200 45.24 15/06/2020 0.115 0.020 0.020 0.020 5247CW KAREX-CW 0.020 Unch 10792 1.700 2.100 27.06 29/09/2017
0.230 0.095 0.140 0.140 0179WA BIOHLDG-WA 0.140 Unch 412.7 0.235 0.220 53.19 05/01/2022 0.035 0.010 0.025 0.025 3115WC KBUNAI-WC 0.025 0.005 34.1 0.060 0.131 160.00 20/10/2023
0.400 0.080 0.235 0.235 3239WA BJASSET-WA 0.235 -0.010 40 1.280 1.000 -3.52 16/03/2018 0.355 0.070 0.300 0.285 7161CA KERJAYA-CA 0.300 0.005 172.6 3.240 2.600 3.40 29/09/2017
0.075 0.060 0.060 0.060 3395C4 BJCORP-C4 0.060 Unch 15 0.345 0.350 18.84 28/12/2017 0.115 0.070 0.085 0.085 7161CB KERJAYA-CB 0.085 Unch 95 3.240 3.350 15.20 30/11/2017
0.160 0.060 0.100 0.100 3395WB BJCORP-WB 0.100 Unch 700 0.345 1.000 218.84 22/04/2022 2.500 1.090 2.350 2.300 7161WA KERJAYA-WA 2.330 Unch 28 3.240 0.880 -0.93 20/12/2017
0.175 0.050 0.125 0.120 3395WC BJCORP-WC 0.120 Unch 650 0.345 1.000 224.64 29/05/2026 0.490 0.060 0.430 0.410 0151WA KGB-WA 0.430 0.015 561 0.675 0.500 37.78 12/06/2019
0.155 0.005 0.005 0.005 1562CU BJTOTO-CU 0.005 -0.005 5 2.560 3.100 21.68 31/07/2017 0.035 0.003 0.015 0.010 0036WA KGROUP-WA 0.015 0.005 200.9 0.040 0.100 187.50 02/07/2018
0.370 0.035 0.280 0.280 7187WA BKOON-WA 0.280 Unch 16.7 0.430 0.200 11.63 07/07/2023 0.030 0.020 0.020 0.020 0036WB KGROUP-WB 0.020 Unch 4932.9 0.040 0.050 75.00 01/05/2020
0.091 0.045 0.050 0.045 7036WB BORNOIL-WB 0.050 0.005 615 0.110 0.060 0.00 28/02/2018 0.880 0.620 0.680 0.680 5171WA KIMLUN-WA 0.680 -0.030 134.9 2.250 1.680 4.89 12/03/2024
0.081 0.045 0.050 0.045 7036WC BORNOIL-WC 0.050 0.005 462.5 0.110 0.070 9.09 08/11/2025 0.150 0.080 0.090 0.085 7164WB KNM-WB 0.090 Unch 21.4 0.260 1.000 319.23 21/04/2020
0.065 0.050 0.055 0.050 7036WD BORNOIL-WD 0.055 Unch 361.5 0.110 0.070 13.64 29/05/2027 0.175 0.070 0.095 0.095 7017WB KOMARK-WB 0.095 0.005 0.2 0.270 0.300 46.30 21/01/2020
0.120 0.060 0.065 0.060 9938WB BRIGHT-WB 0.065 Unch 40 0.310 0.820 185.48 12/01/2019 1.400 0.410 1.270 1.250 5878WB KPJ-WB 1.270 0.020 98 4.200 4.010 25.71 23/01/2019
0.435 0.060 0.320 0.310 181811 BURSA-C11 0.320 Unch 721.2 10.420 8.900 0.77 30/11/2017 0.130 0.110 0.115 0.115 5038CH KSL-CH 0.115 Unch 80 1.240 1.300 28.02 08/01/2018
0.315 0.110 0.155 0.145 181812 BURSA-C12 0.155 Unch 765 10.420 10.500 7.46 30/11/2017 0.835 0.335 0.745 0.745 5789WB LBS-WB 0.745 -0.005 30 2.030 1.250 -1.72 04/10/2020
2.550 0.950 2.200 2.100 7174WA CAB-WA 2.200 0.100 31.7 2.760 0.550 -0.36 08/02/2020 0.300 0.040 0.255 0.255 8745WB LEWEKO-WB 0.255 0.005 40 0.330 0.200 37.88 08/09/2020
0.160 0.065 0.070 0.065 7076CD CBIP-CD 0.065 -0.005 145 2.040 2.000 4.41 18/08/2017 0.250 0.150 0.220 0.205 7126WA LONBISC-WA 0.220 0.010 9.4 0.755 1.000 61.59 26/01/2020
0.095 0.050 0.065 0.065 7076CE CBIP-CE 0.065 Unch 150 2.040 2.300 17.52 16/10/2017 0.095 0.020 0.070 0.065 5068WB LUSTER-WB 0.065 -0.005 1470 0.120 0.100 37.50 26/05/2023
0.150 0.005 0.010 0.005 5195WA CENSOF-WA 0.005 -0.005 749.1 0.320 0.460 45.31 18/07/2017 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 Unch 1801.5 0.080 0.100 75.00 21/08/2019
0.220 0.045 0.150 0.145 5195WB CENSOF-WB 0.145 0.005 767.4 0.320 0.460 89.06 07/10/2019 0.020 0.005 0.010 0.005 3859C1 MAGNUM-C1 0.010 Unch 400.1 1.720 2.480 45.93 31/10/2017
0.310 0.100 0.255 0.255 102321 CIMB-C21 0.255 Unch 305 6.680 6.200 6.18 31/10/2017 0.160 0.005 0.005 0.005 8583C6 MAHSING-C6 0.005 Unch 200 1.540 1.650 7.47 31/07/2017
0.335 0.150 0.290 0.290 102322 CIMB-C22 0.290 Unch 51 6.680 5.700 2.69 24/11/2017 0.265 0.140 0.155 0.150 8583WB MAHSING-WB 0.150 -0.005 273.4 1.540 1.440 3.25 16/03/2018
0.205 0.040 0.195 0.195 0102WA CONNECT-WA 0.195 Unch 200 0.295 0.100 0.00 17/09/2021 0.100 0.025 0.030 0.030 5264CW MALAKOF-CW 0.030 Unch 310 1.070 1.200 17.76 29/09/2017
0.205 0.035 0.180 0.180 0102WB CONNECT-WB 0.180 -0.005 40 0.295 0.100 -5.08 07/06/2021 0.090 0.020 0.020 0.020 5264CX MALAKOF-CX 0.020 Unch 5 1.070 1.300 24.30 16/10/2017
0.250 0.025 0.160 0.145 0051WA CUSCAPI-WA 0.155 0.015 1924.4 0.280 0.270 51.79 24/04/2018 0.060 0.045 0.045 0.045 5264CZ MALAKOF-CZ 0.045 Unch 15.1 1.070 1.300 27.80 22/12/2017
0.470 0.365 0.420 0.400 5276WA DANCO-WA 0.420 0.005 468.3 0.690 0.300 4.35 22/05/2022 0.990 0.085 0.655 0.640 6181WB MALTON-WB 0.645 Unch 5191 1.470 1.000 11.90 29/06/2018
0.035 0.005 0.015 0.015 7179WB DBE-WB 0.015 Unch 2215 0.030 0.050 116.67 22/01/2022 0.630 0.350 0.530 0.520 5236WA MATRIX-WA 0.530 Unch 1.1 2.670 2.400 9.74 20/07/2020
0.095 0.070 0.070 0.070 727714 DIALOG-C14 0.070 Unch 20 1.930 2.000 10.88 31/10/2017 0.190 0.030 0.040 0.035 6012CW MAXIS-CW 0.040 0.005 1165.8 5.640 6.000 8.87 29/09/2017
0.200 0.140 0.145 0.140 727717 DIALOG-C17 0.145 Unch 1457.6 1.930 1.900 5.96 31/01/2018 0.660 0.080 0.635 0.635 115524 MAYBANKC24 0.635 Unch 32.5 9.600 8.000 -0.13 30/06/2017
0.165 0.045 0.095 0.095 0029WB DIGISTA-WB 0.095 Unch 10 0.170 0.260 108.82 04/04/2023 0.190 0.165 0.175 0.175 115531 MAYBANKC31 0.175 Unch 60 9.600 9.500 4.43 28/02/2018
0.370 0.045 0.310 0.295 4456WD DNEX-WD 0.305 0.005 40784.9 0.595 0.500 35.29 30/07/2021 0.230 0.155 0.205 0.190 1171C2 MBSB-C2 0.205 0.015 322.9 1.340 1.300 12.31 31/01/2018
0.140 0.060 0.100 0.100 7114WA DNONCE-WA 0.100 Unch 883 0.300 0.250 16.67 25/11/2020 0.170 0.105 0.150 0.150 1171CW MBSB-CW 0.150 -0.005 100 1.340 1.150 8.21 28/11/2017
0.145 0.060 0.065 0.065 5265WA DOLPHIN-WA 0.065 0.005 0.1 0.175 0.800 394.29 29/03/2021 0.090 0.055 0.075 0.065 1171CY MBSB-CY 0.070 Unch 1197.2 1.340 1.250 8.96 29/09/2017
0.040 0.010 0.015 0.015 7198WA DPS-WA 0.015 Unch 100 0.095 0.540 484.21 03/01/2018 0.080 0.055 0.060 0.060 1171CZ MBSB-CZ 0.060 Unch 2795 1.340 1.450 19.40 30/11/2017
0.320 0.120 0.195 0.190 3417WB E&O-WB 0.195 Unch 613.8 1.660 2.600 68.37 21/07/2019 0.260 0.040 0.145 0.145 0167WB MCLEAN-WB 0.145 Unch 82 0.280 0.250 41.07 07/10/2020
0.065 0.025 0.040 0.040 0154WC EAH-WC 0.040 Unch 184 0.085 0.100 64.71 18/06/2019 0.145 0.060 0.075 0.075 5040WA MEDAINC-WA 0.075 -0.040 1.6 0.440 0.500 30.68 13/08/2021
0.195 0.090 0.140 0.130 3557WC ECOFIRS-WC 0.140 Unch 8.9 0.310 0.300 41.94 10/09/2019 0.065 0.025 0.050 0.045 5040WC MEDAINC-WC 0.050 Unch 514.2 0.440 0.800 93.18 24/08/2024
0.120 0.080 0.115 0.110 5253CA ECONBHD-CA 0.115 0.005 300 2.510 2.500 13.35 30/11/2017 0.180 0.035 0.045 0.035 4502CI MEDIA-CI 0.045 0.005 70.2 0.935 1.150 32.62 31/10/2017
0.190 0.115 0.155 0.155 8206CF ECOWLD-CF 0.155 Unch 10 1.620 1.600 13.12 31/01/2018 0.395 0.205 0.235 0.235 0081WA MEGASUN-WA 0.235 -0.005 27.4 0.350 0.100 -4.29 29/04/2019
0.170 0.105 0.135 0.130 8206CG ECOWLD-CG 0.135 Unch 1863.1 1.620 1.500 9.26 30/11/2017 0.365 0.140 0.275 0.265 1694WB MENANG-WB 0.270 Unch 376 0.935 1.000 35.83 09/07/2019
0.175 0.100 0.130 0.130 8206CH ECOWLD-CH 0.130 0.010 110 1.620 1.600 10.80 08/12/2017 0.175 0.085 0.130 0.130 0075WA MEXTER-WA 0.130 -0.005 69 0.240 0.130 8.33 17/09/2018
0.130 0.095 0.105 0.100 8206CI ECOWLD-CI 0.105 Unch 142.2 1.620 1.700 17.90 25/01/2018 2.330 0.370 2.000 1.970 3069WA MFCB-WA 1.970 -0.010 25 3.740 2.220 12.03 08/04/2020
0.710 0.350 0.530 0.515 8206WA ECOWLD-WA 0.525 0.010 232.6 1.620 2.080 60.80 26/03/2022 0.090 0.005 0.005 0.005 5026WA MHC-WA 0.005 Unch 25 0.885 1.560 76.84 28/07/2017
0.150 0.045 0.055 0.055 0107WA EDUSPEC-WA 0.055 Unch 170 0.160 0.180 46.88 24/12/2018 0.050 0.020 0.040 0.040 7219WA MINETEC-WA 0.040 Unch 730 0.125 0.150 52.00 27/11/2019
0.945 0.360 0.870 0.835 0065WA EFORCE-WA 0.870 0.045 1326.5 1.190 0.340 1.68 17/07/2019 0.355 0.175 0.210 0.200 5576WC MINHO-WC 0.210 -0.010 156.1 0.540 0.500 31.48 02/08/2021
0.670 0.425 0.465 0.460 8907WC EG-WC 0.465 0.010 68 0.830 0.500 16.27 03/11/2020 0.625 0.365 0.535 0.525 9571WD MITRA-WD 0.525 Unch 236.5 1.370 1.090 17.88 23/08/2020
0.030 0.005 0.015 0.015 7182WA EKA-WA 0.015 Unch 584.4 0.080 0.200 168.75 22/01/2019 1.125 0.652 0.800 0.800 6114WB MKH-WB 0.800 0.025 64.8 2.380 1.550 -1.26 29/12/2017
0.140 0.055 0.065 0.065 8877CA EKOVEST-CA 0.065 Unch 272.8 1.200 1.600 41.46 08/12/2017 0.085 0.020 0.050 0.040 0085WA MLAB-WA 0.045 Unch 7640.3 0.110 0.100 31.82 24/04/2020
0.085 0.070 0.075 0.075 887701 EKOVEST-MC01 0.075 Unch 20 1.200 1.400 29.17 14/12/2017 0.055 0.020 0.035 0.035 0103WA MNC-WA 0.035 Unch 250 0.070 0.100 92.86 05/11/2021
1.350 0.221 0.915 0.900 8877WB EKOVEST-WB 0.915 Unch 222 1.200 0.480 16.25 25/06/2019 0.070 0.020 0.030 0.025 0070WA MQTECH-WA 0.025 -0.005 1710 0.055 0.100 127.27 21/11/2021
0.300 0.010 0.195 0.080 7149WA ENGKAH-WA 0.190 0.030 10.6 1.640 3.500 125.00 25/09/2017 0.290 0.080 0.090 0.085 165112 MRCB-C12 0.090 0.005 32.5 1.370 1.400 12.04 16/08/2017
0.630 0.305 0.500 0.490 5056WA ENGTEX-WA 0.500 0.010 685.3 1.350 0.830 -1.48 25/10/2017 0.180 0.030 0.035 0.030 165113 MRCB-C13 0.035 0.005 271 1.370 1.550 19.53 30/08/2017
0.060 0.025 0.030 0.030 5283CE EWINT-CE 0.030 -0.005 183 1.100 1.350 29.55 30/11/2017 0.100 0.025 0.030 0.030 165114 MRCB-C14 0.030 Unch 743.9 1.370 1.900 44.16 31/10/2017
0.080 0.060 0.080 0.075 5283CF EWINT-CF 0.080 Unch 330.4 1.100 1.050 13.64 28/12/2017 0.135 0.030 0.045 0.040 165115 MRCB-C15 0.045 0.005 3529.7 1.370 1.800 36.31 24/11/2017
0.450 0.285 0.315 0.305 5283WA EWINT-WA 0.310 Unch 2225.6 1.100 1.450 60.00 02/04/2022 0.060 0.035 0.040 0.040 165116 MRCB-C16 0.040 Unch 1980 1.370 2.100 62.63 29/12/2017
0.085 0.005 0.010 0.010 3689CB F&N-CB 0.010 0.005 13.2 25.000 24.800 0.00 30/06/2017 0.145 0.105 0.115 0.115 165117 MRCB-C17 0.115 Unch 100 1.370 1.540 29.20 28/02/2018
0.555 0.100 0.555 0.535 7047WB FAJAR-WB 0.545 0.005 6851.4 0.985 0.700 26.40 24/09/2019 0.110 0.095 0.095 0.095 165118 MRCB-C18 0.095 -0.015 20 1.370 1.700 37.96 28/02/2018
0.180 0.115 0.160 0.155 06501R FBMKLCI-C1R 0.160 Unch 105 1,779 1,670 0.15 29/09/2017 0.390 0.070 0.110 0.105 1651C9 MRCB-C9 0.105 -0.005 798.6 1.370 1.450 13.50 30/08/2017
0.080 0.045 0.060 0.060 06501X FBMKLCI-C1X 0.060 Unch 10 1,779 1,765 1.55 30/11/2017 0.175 0.085 0.110 0.100 1651WA MRCB-WA 0.110 0.005 681.3 1.370 2.300 75.91 14/09/2018
0.060 0.050 0.055 0.055 06503A FBMKLCI-C3A 0.055 Unch 10 1,779 1,785 2.48 29/12/2017 0.080 0.010 0.020 0.020 0092WA MTOUCHE-WA 0.020 Unch 141.1 0.310 1.260 312.90 17/01/2018
0.095 0.005 0.005 0.005 06502Q FBMKLCI-H2Q 0.005 Unch 160 1,779 1,635 -7.92 30/08/2017 0.370 0.180 0.210 0.210 5703CD MUHIBAH-CD 0.210 Unch 7 2.710 2.600 6.27 29/12/2017
0.100 0.015 0.025 0.025 06502W FBMKLCI-H2W 0.025 Unch 420 1,779 1,715 -2.64 31/10/2017 0.710 0.150 0.550 0.540 0138C1 MYEG-C1 0.540 -0.010 660.9 2.120 1.400 0.00 30/06/2017
0.160 0.055 0.070 0.060 06502Z FBMKLCI-H2Z 0.060 Unch 2435 1,779 1,765 1.55 30/11/2017 0.405 0.140 0.285 0.280 13810 MYEG-C10 0.280 -0.005 330 2.120 1.600 1.89 18/08/2017
0.110 0.090 0.095 0.090 06504C FBMKLCI-H4C 0.090 -0.005 670 1,779 1,785 3.85 29/12/2017 0.190 0.075 0.120 0.115 13815 MYEG-C15 0.115 Unch 654 2.120 2.000 10.07 29/09/2017
0.160 0.010 0.020 0.020 522221 FGV-C21 0.020 Unch 375.4 1.750 2.550 48.00 30/08/2017 0.255 0.100 0.165 0.160 13816 MYEG-C16 0.165 0.005 319.1 2.120 2.000 9.91 31/01/2018
0.225 0.030 0.040 0.040 522222 FGV-C22 0.040 Unch 350 1.750 1.650 0.69 30/06/2017 0.170 0.100 0.100 0.100 13817 MYEG-C17 0.100 Unch 59 2.120 2.300 20.28 30/11/2017
0.140 0.025 0.050 0.040 522223 FGV-C23 0.040 -0.005 1367.5 1.750 1.850 13.71 31/07/2017 0.110 0.075 0.080 0.080 13818 MYEG-C18 0.080 Unch 300 2.120 2.600 32.08 25/01/2018
0.205 0.035 0.050 0.040 522224 FGV-C24 0.040 -0.005 5061.4 1.750 1.850 11.43 31/07/2017 0.390 0.090 0.255 0.240 0138C6 MYEG-C6 0.240 -0.010 646 2.120 1.733 0.63 13/07/2017
0.070 0.020 0.040 0.030 522225 FGV-C25 0.030 -0.010 204.5 1.750 2.600 53.71 31/10/2017 0.195 0.065 0.130 0.120 0138C7 MYEG-C7 0.120 -0.010 1730 2.120 1.867 3.15 22/08/2017
0.135 0.030 0.055 0.045 522226 FGV-C26 0.050 Unch 2241 1.750 2.200 33.14 31/10/2017 0.480 0.115 0.385 0.375 0138C8 MYEG-C8 0.380 -0.005 2960 2.120 1.567 3.78 31/10/2017
0.085 0.015 0.055 0.045 522227 FGV-C27 0.050 0.005 9266.1 1.750 2.450 47.14 16/10/2017 0.460 0.140 0.340 0.335 0138C9 MYEG-C9 0.335 Unch 335 2.120 1.600 1.81 16/08/2017
0.155 0.070 0.085 0.080 522228 FGV-C28 0.080 Unch 600 1.750 2.050 28.57 31/01/2018 0.065 0.005 0.030 0.020 0020WB NETX-WB 0.030 0.005 6232.7 0.050 0.050 60.00 08/06/2019
0.130 0.090 0.110 0.100 522229 FGV-C29 0.100 Unch 260 1.750 2.100 34.29 08/01/2018 0.030 0.015 0.025 0.020 0096WA NEXGRAM-WA 0.025 Unch 1301.8 0.045 0.100 177.78 16/05/2022
0.195 0.155 0.175 0.165 522230 FGV-C30 0.165 -0.005 4980.7 1.750 1.600 17.83 28/12/2017 0.065 0.005 0.010 0.010 7139WA NICE-WA 0.010 Unch 500 0.100 0.160 70.00 09/08/2017
0.130 0.065 0.100 0.100 9318WB FITTERS-WB 0.100 0.005 10 0.400 1.000 175.00 12/10/2019 0.415 0.190 0.370 0.360 0172WA OCK-WA 0.370 0.005 2130.3 0.980 0.710 10.20 15/12/2020
0.740 0.230 0.640 0.630 9261WB GADANG-WB 0.635 -0.005 1147.9 0.635 1.060 166.93 29/11/2021 0.255 0.060 0.180 0.165 7071WC OCR-WC 0.170 Unch 55.1 0.625 0.500 7.20 24/07/2021
0.130 0.105 0.120 0.120 539836 GAMUDA-C36 0.120 Unch 10 5.450 5.350 6.97 08/12/2017 0.370 0.195 0.295 0.285 5053WC OSK-WC 0.295 0.005 49.6 1.600 1.800 30.94 22/07/2020
1.480 0.910 1.370 1.350 5398WE GAMUDA-WE 1.350 -0.020 443.3 5.450 4.050 -0.92 06/03/2021 0.065 0.030 0.030 0.030 0005WA PALETTE-WA 0.030 Unch 400 0.060 0.040 16.67 20/03/2018
0.455 0.120 0.400 0.385 5226WA GBGAQRS-WA 0.395 Unch 3105 1.420 1.300 19.37 20/07/2018 0.300 0.080 0.225 0.215 5125WA PANTECH-WA 0.225 0.010 5.1 0.600 0.500 20.83 21/12/2020
WED N E S DAY J U N E 28 , 20 17 THE ED G E FINA NCIA L DA ILY
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China Stocks end higher after solid
prot data
SHANGHAI: China stocks recouped earlier
losses to end higher yesterday, but investors
turned cautious amid a strong rally in blue
chips after MSCI decided last week to add
222 China-listed stocks to its Emerging
Markets Index.
The blue-chip CSI 300 Index rose 0.2%
to 3,674.72 points, while the Shanghai
Composite Index also added 0.18% to
3,191.20 points.
Investors largely looked past news that
profits at Chinas industrial companies
surged 16.7% in May from a year earlier,
accelerating from April despite expectations
of a slowdown.
With the blue-chip index trading at
the highest level since early 2016, some
investors arent sure if the index can
run up much further amid signs Beijing
will continue to keep liquidity conditions
relatively tight.
Citing relatively high liquidity levels in
the banking system, Chinas central bank
yesterday skipped open market operations
for a third consecutive day, as short-term
borrowing rates have eased recently.
The central bank doesnt want the
market to form expectations of loose
liquidity, Wang Gang, strategist at Huajin
Securities, wrote.
In the future, liquidity will remain
relatively tight. Against such a backdrop
... theres limited room for blue chips to
rise further.
Wang said investors were also bracing
for the mid-year earnings season starting
next week to reassess their portfolios.
Gains were led by bank stocks, while
real estate stocks dragged behind after
jumping nearly 9% during the previous
two sessions.
Meanwhile, Hong Kong stocks dipped
yesterday, as any optimism from solid
Chinaindustrial profit data was offset by
the sour mood from a tumble in the growth
enterprise market (GEM) for start-ups due
to worries over potential policy changes.
The Hang Seng Index fell 0.12% to
25,839.99, while the China Enterprises
Index lost 0.3% to 10,498.07 points.
A nearly 10% slump in GEM, the biggest
drop in nearly two years, soured the mood.
Over a dozen small caps lost over 50%
yesterday some tumbling over 90%
amid speculation the Hong Kong stock
exchange would delist thinly traded stocks.
China Jicheng Holdings lost 94%,
while GreaterChina Professional Services
tumbled 93%.
Most sectors lost ground as the Hang
Seng appears to be losing steam.
Investors are looking for new catalysts
as Chinese President Xi Jinping will visit
Hong Kong from tomorrow to Sunday to
mark the 20th anniversary of the handover
of the city from British colonial rule to the
mainland.
US S&P, Dow edge up; tech weighs on
Nasdaq
NEW YORK: The S&P 500 and the Dow
Jones Industrial Average barely rose on
Monday as gains were offset by a fall
in technology stocks, which pushed the
Nasdaq lower as investors turned to more
defensive sectors.
The slow-growing, high-dividend S&P
utilities and telecommunications were the
best performers among the 11 S&P sectors.
Technology was the weakest sector,
with a 0.6% decline. The sector has been
under pressure recently due to stretched
valuations.
The bond market is signalling an
economic slowing, said Paul Nolte, an
analyst. Thats why youre seeing defensive
names like utilities do well, because equity
investors are buying more in line with what
that bond market is saying.
The Dow Jones Industrial Average rose
14.79 points or 0.07% to 21,409.55, the S&P
500 lost 0.77 point or 0.03% to 2,439.07
and the Nasdaq Composite dropped 18.1
points or 0.29% to 6,247.15.
A fall in Microsoft, Amazon and Alphabet
weighed most on the S&P 500, as well as
on the Nasdaq.
Its simply profit-taking going into the
end of the quarter. I wouldnt be surprised
at all to see that reversed in early July with
the thought that were going to see some
strong earnings, said an analyst.
The utilities sector was the S&Ps best
performer, with a 0.8% rise, while the four-
company telecommunications services
sector index was next with a 0.6% gain.
If people are coming out of tech, the
money just rotates into the other sectors.
Theres not much driving the tape as theres
not much news out there, said Michael
ORourke, an analyst.
The S&P energy ended 0.2% lower as
gains in oil prices were limited by rising
crude supply in the US and other countries.
A recent drop in oil prices has spurred
concerns about low inflation, which remains
below the US Federal Reserves (Fed) 2%
target rate.
The Fed raised rates this month for the
second time this year and has indicated
that it could raise them again. But futures
imply only a 50% chance of another rate
hike by December.
The S&P financial index rose 0.5% after
New York Fed president William Dudley and
San Francisco Fed President John Williams
generally brushed off weak data and stuck
with their plans to keep hiking rates.
Mondays data showed new orders for
US-made capital goods unexpectedly fell
in May, with non-defence orders excluding
aircraft a closely watched proxy for
business spending plans dropping 0.2%.
Advancing issues outnumbered declining
ones on the New York Stock Exchange by
a 1.88-to-one ratio; on Nasdaq, a 1.19-to-
one ratio favoured advancers. Reuters

Shanghai Composite Hang Seng Dow Jones Euro STOXX 50 Index

Index points Index points Index points
Index points
5800 21600
3,191.20 28900 3900 3,561.76
+5.75 +18.08
(+0.18%) (+0.51%)
4825 25625 21,056.93 18575 3415
2,772.70
3850 22350 15550 2930
10,403.79 21,409.55
3,087.842
+14.79
2875 19075 12525 (+0.07%) 2445
25,839.99
-31.90
1900 15800 (-0.12%) 9500 1960
Mar 1, 2010 Jun 27, 2017 Mar 1, 2010 Jun 27, 2017 Mar 1, 2010 Jun 26, 2017 Mar 1, 2010 Jun 26, 2017

Bursa Malaysia Equity Derivatives YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.235 0.060 0.155 0.150 0148WB SUNZEN-WB 0.155 Unch 820.3 0.340 0.250 19.12 25/02/2021
0.155 0.060 0.090 0.085 710627 SUPERMX-C27 0.090 0.005 105.7 1.980 2.000 10.10 31/01/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.220 0.155 0.170 0.165 7082WB SYF-WB 0.170 -0.005 339.4 0.540 0.700 61.11 11/11/2019
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
0.365 0.125 0.280 0.275 1538WB SYMLIFE-WB 0.280 -0.020 37.7 0.990 1.100 39.39 11/11/2020
0.300 0.105 0.235 0.230 5125WB PANTECH-WB 0.235 0.005 132.8 0.600 0.500 22.50 21/12/2021 0.130 0.055 0.100 0.100 0132WA TDEX-WA 0.100 Unch 250 0.160 0.110 31.25 21/09/2018
0.270 0.145 0.190 0.165 5022WA PAOS-WA 0.190 Unch 21 0.540 0.500 27.78 14/12/2021 1.160 0.330 0.330 0.330 7200WA TEKSENG-WA 0.330 Unch 22.1 0.530 0.250 9.43 29/01/2020
0.240 0.080 0.095 0.080 518310 PCHEM-C10 0.085 -0.010 3401.1 7.150 7.100 3.46 18/08/2017 0.095 0.020 0.020 0.020 534733 TENAGA-C33 0.020 Unch 9.9 14.160 14.780 6.07 28/07/2017
0.255 0.065 0.095 0.085 5183C9 PCHEM-C9 0.090 -0.005 3067.7 7.150 7.000 2.31 29/09/2017 0.195 0.085 0.135 0.130 534735 TENAGA-C35 0.130 -0.005 278.5 14.160 13.800 2.97 30/11/2017
0.400 0.200 0.230 0.230 9997WB PENSONI-WB 0.230 -0.030 20 0.640 0.600 29.69 20/01/2024 0.130 0.090 0.105 0.105 534736 TENAGA-C36 0.105 Unch 90 14.160 13.000 2.93 30/11/2017
0.485 0.125 0.405 0.400 8311WC PESONA-WC 0.400 -0.005 72.2 0.640 0.250 1.56 27/01/2020 0.110 0.040 0.070 0.070 0145WA TFP-WA 0.070 Unch 250 0.160 0.100 6.25 15/02/2019
0.180 0.055 0.070 0.060 5681CR PETDAG-CR 0.070 0.005 1.6 24.22 23.40 0.08 30/06/2017 3.560 2.620 2.700 2.650 7034WA TGUAN-WA 2.700 0.050 15.3 4.230 1.500 -0.71 09/10/2019
0.150 0.040 0.095 0.085 6033CO PETGAS-CO 0.090 0.005 80.2 18.90 19.80 9.05 29/12/2017 0.040 0.010 0.025 0.025 7079WC TIGER-WC 0.025 Unch 100 0.065 0.080 61.54 11/02/2021
0.740 0.100 0.460 0.425 3042CB PETRONM-CB 0.440 -0.010 202.6 7.160 4.500 -0.28 31/07/2017 0.090 0.020 0.040 0.035 486314 TM-C14 0.040 0.005 126 6.620 6.700 2.72 29/09/2017
0.315 0.085 0.135 0.120 3042CC PETRONM-CC 0.125 Unch 1241.6 7.160 6.500 11.73 29/09/2017 0.315 0.155 0.175 0.170 0101WB TMCLIFE-WB 0.175 0.010 43 0.860 0.750 7.56 21/06/2019
1.050 0.615 0.940 0.940 7088WB POHUAT-WB 0.940 Unch 246 1.960 1.000 -1.02 21/10/2020 0.810 0.455 0.760 0.750 8397WC TNLOGIS-WC 0.760 0.010 220.5 1.760 1.000 0.00 26/12/2018
0.710 0.188 0.620 0.600 7168WA PRG-WA 0.610 0.020 127.3 1.010 0.375 -2.48 06/07/2019 0.450 0.109 0.400 0.395 7285WA TOMYPAK-WA 0.395 Unch 325 0.990 0.930 33.84 21/06/2021
0.710 0.405 0.585 0.575 8966WA PRLEXUS-WA 0.585 0.015 76.2 1.530 1.200 16.67 14/06/2021 0.200 0.035 0.165 0.160 711317 TOPGLOV-C17 0.165 0.005 197.5 5.660 5.200 4.99 29/12/2017
0.145 0.040 0.120 0.105 7145WA PSIPTEK-WA 0.110 Unch 1881.3 0.175 0.100 20.00 16/11/2019 0.155 0.070 0.120 0.120 711318 TOPGLOV-C18 0.120 Unch 20 5.660 5.400 9.19 30/11/2017
0.140 0.020 0.090 0.085 0007WA PUC-WA 0.090 0.010 625.7 0.145 0.100 31.03 25/12/2024 0.365 0.225 0.230 0.225 7176WA TPC-WA 0.225 -0.005 43 0.430 0.200 -1.16 19/01/2021
0.145 0.015 0.085 0.075 0007WB PUC-WB 0.085 0.005 5705 0.145 0.100 27.59 15/02/2019 0.360 0.230 0.250 0.250 5401WA TROP-WA 0.250 -0.010 32.8 0.980 1.000 27.55 06/12/2019
0.750 0.215 0.670 0.650 7134WA PWF-WA 0.650 Unch 31.5 1.070 0.620 18.69 20/07/2021 0.140 0.075 0.080 0.075 9059CJ TSH-CJ 0.080 -0.005 1420.1 1.760 1.900 14.77 16/10/2017
0.170 0.020 0.105 0.100 5256WA REACH-WA 0.105 0.005 1807.2 0.450 0.750 90.00 12/08/2022 0.425 0.110 0.320 0.320 5042WB TSRCAP-WB 0.320 Unch 20 0.740 0.700 37.84 28/12/2020
0.110 0.085 0.085 0.085 1066C1 RHBBANK-C1 0.085 Unch 155 5.130 5.600 15.79 08/12/2017 0.165 0.030 0.040 0.035 514831 UEMS-C31 0.035 -0.005 1115.8 1.220 1.150 -1.43 30/06/2017
0.155 0.070 0.085 0.080 1066CY RHBBANK-CY 0.085 -0.015 35.1 5.130 5.250 10.62 28/11/2017 0.150 0.075 0.095 0.090 514841 UEMS-C41 0.090 -0.005 37.1 1.220 1.140 8.20 31/10/2017
0.090 0.060 0.070 0.070 5270WA RSENA-WA 0.070 Unch 124 0.455 0.500 25.27 01/12/2023 0.085 0.020 0.025 0.020 514842 UEMS-C42 0.025 Unch 530.2 1.220 1.400 18.85 29/09/2017
0.040 0.015 0.020 0.020 0133WC SANICHI-WC 0.020 Unch 205 0.070 0.210 228.57 24/09/2019 0.100 0.050 0.055 0.050 514845 UEMS-C45 0.055 Unch 1735 1.220 1.200 10.53 31/10/2017
0.050 0.020 0.030 0.030 0133WD SANICHI-WD 0.030 -0.005 395 0.070 0.100 85.71 21/07/2019 0.195 0.070 0.120 0.120 7091WA UNIMECH-WA 0.120 Unch 70 1.080 1.500 50.00 18/09/2018
0.185 0.055 0.130 0.120 0161WA SCH-WA 0.130 0.010 528.4 0.220 0.100 4.55 04/12/2021 0.164 0.025 0.035 0.030 0069WB VIVOCOM-WB 0.035 Unch 3572 0.125 0.200 88.00 07/09/2018
0.785 0.160 0.570 0.550 7073WB SEACERA-WB 0.570 -0.010 473.3 1.330 1.000 18.05 29/05/2019 0.180 0.050 0.060 0.060 0069WC VIVOCOM-WC 0.060 -0.005 703.3 0.125 0.100 28.00 22/01/2020
0.165 0.010 0.015 0.010 521837 SENERGYC37 0.010 Unch 1162 1.570 1.850 19.43 31/07/2017 0.175 0.055 0.060 0.060 0069WD VIVOCOM-WD 0.060 Unch 241 0.125 0.100 28.00 08/07/2020
0.270 0.085 0.090 0.085 521838 SENERGYC38 0.085 Unch 338 1.570 1.650 15.92 30/11/2017 0.095 0.030 0.065 0.065 7070WC VIZIONE-WC 0.065 Unch 774.8 0.115 0.100 43.48 05/02/2022
0.055 0.015 0.020 0.015 521842 SENERGYC42 0.020 Unch 1623 1.570 2.200 44.59 31/10/2017 0.175 0.115 0.150 0.145 6963CN VS-CN 0.145 Unch 380 2.070 2.000 10.63 08/12/2017
0.100 0.045 0.045 0.045 521845 SENERGYC45 0.045 -0.005 200 1.570 2.000 33.12 28/02/2018 0.060 0.010 0.020 0.020 0066WA VSOLAR-WA 0.020 Unch 949.9 0.105 0.120 33.33 01/12/2017
0.205 0.055 0.160 0.155 7165WA SGB-WA 0.155 -0.005 90 0.670 0.600 12.69 07/04/2021 0.690 0.195 0.665 0.655 6963WA VS-WA 0.665 0.005 3088.1 2.070 1.650 11.84 06/01/2019
0.350 0.210 0.265 0.260 7246WA SIGN-WA 0.265 0.010 52.4 0.905 0.970 36.46 21/04/2021 0.135 0.050 0.060 0.055 3565CA WCEHB-CA 0.060 Unch 400 1.390 1.650 27.34 30/11/2017
0.190 0.120 0.155 0.155 419714 SIME-C14 0.155 Unch 100 9.610 9.000 1.72 29/12/2017 0.085 0.055 0.060 0.055 3565CB WCEHB-CB 0.060 Unch 112.2 1.390 1.700 30.94 08/01/2018
0.245 0.120 0.170 0.155 9776WB SMCAP-WB 0.155 -0.005 203.3 0.745 1.000 55.03 13/07/2018 0.340 0.060 0.140 0.120 9679CZ WCT-CZ 0.140 Unch 40.2 2.040 2.000 8.33 31/10/2017
0.115 0.015 0.025 0.020 0117WA SMRT-WA 0.025 Unch 473.4 0.195 0.180 5.13 01/08/2017 0.665 0.160 0.360 0.345 9679WD WCT-WD 0.355 Unch 668.5 2.040 1.710 1.23 11/12/2017
0.540 0.135 0.255 0.255 5213WA SNTORIA-WA 0.255 0.005 1.9 0.850 0.600 0.59 15/04/2019 0.570 0.165 0.355 0.345 9679WE WCT-WE 0.355 Unch 1918.1 2.040 2.080 19.36 27/08/2020
0.845 0.650 0.795 0.755 5242WA SOLID-WA 0.795 0.045 7.5 1.300 0.500 -0.38 16/12/2020 0.930 0.490 0.785 0.780 7245WA WZSATU-WA 0.780 Unch 26 1.190 0.500 7.56 28/10/2024
0.285 0.100 0.215 0.210 0093WA SOLUTN-WA 0.215 Unch 380.9 0.310 0.200 33.87 04/07/2021 0.220 0.020 0.160 0.150 5156WC XDL-WC 0.160 0.010 124.6 0.270 0.160 18.52 02/07/2018
0.210 0.090 0.120 0.090 8664CV SPSETIA-CV 0.090 Unch 357 3.400 3.400 10.59 31/10/2017 0.015 0.005 0.010 0.005 0095WA XINGHE-WA 0.010 Unch 28 0.035 0.100 214.29 22/03/2019
0.400 0.135 0.240 0.140 8664CW SPSETIA-CW 0.160 Unch 4461.6 3.400 3.400 7.06 29/12/2017 0.110 0.035 0.070 0.065 0165WA XOX-WA 0.070 0.005 1349 0.115 0.200 134.78 10/02/2019
0.300 0.085 0.135 0.125 8664CX SPSETIA-CX 0.125 -0.005 800.2 3.400 4.000 26.84 31/10/2017 0.185 0.050 0.075 0.075 7020WB YKGI-WB 0.075 0.005 172.5 0.230 0.500 150.00 28/05/2020
0.200 0.045 0.080 0.045 8664CY SPSETIA-CY 0.050 -0.005 761.1 3.400 3.900 17.65 08/12/2017 1.100 0.550 0.960 0.930 7066WA YONGTAI-WA 0.950 0.015 68.7 1.380 0.500 5.07 24/06/2020
0.125 0.020 0.065 0.060 0140WA STERPRO-WA 0.060 Unch 429.5 0.145 0.480 272.4 17/02/2021 0.100 0.050 0.050 0.050 4677C8 YTL-C8 0.050 Unch 200 1.480 1.500 4.73 29/12/2017
0.065 0.015 0.030 0.030 1201WA SUMATEC-WA 0.030 Unch 43 0.055 0.320 536.3 03/03/2021 0.115 0.075 0.075 0.075 6742C1 YTLPOWR-C1 0.075 Unch 0.3 1.450 1.400 1.72 28/02/2018
0.060 0.020 0.025 0.025 1201WB SUMATEC-WB 0.025 Unch 10 0.055 0.175 263.6 13/11/2018 0.450 0.300 0.370 0.365 6742WB YTLPOWR-WB 0.370 Unch 92.7 1.450 1.140 4.14 11/06/2018
0.460 0.110 0.340 0.340 5263CH SUNCON-CH 0.340 0.020 5 2.020 1.700 0.99 30/08/2017 0.125 0.040 0.060 0.055 2283WA ZELAN-WA 0.060 Unch 225.3 0.145 0.250 113.79 25/01/2019
0.325 0.100 0.220 0.215 0148WA SUNZEN-WA 0.215 Unch 58.4 0.340 0.100 -7.35 14/04/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Jun 22, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Hong Kong public opinion
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Citizens view on the future of the territory under China, according to public opinion polls
ASTRO MALAYSIA (1,412,900) EMPLOYEES PROVIDENT FUND BOARD 323,575,100 19/6 by the University of Hong Kong
AXIATA GROUP 1,279,100 EMPLOYEES PROVIDENT FUND BOARD 1,400,774,407 19/6
BIMB (10,500,000) LEMBAGA TABUNG HAJI 859,539,300 20/6
CAHYA MATA SARAWAK 1,500,000 LEMBAGA TABUNG HAJI 72,616,200 20/6
CIMB GROUP 10,152,800 EMPLOYEES PROVIDENT FUND BOARD 1,101,819,567 15 & 16/6
CSC STEEL 4,624,600 LEMBAGA TABUNG HAJI 22,642,500 14,15
16,19 & 20/6
DIALOG GROUP 2,035,300 EMPLOYEES PROVIDENT FUND BOARD 646,255,750 19/6
DIALOG GROUP 287,900 KUMPULAN WANG PERSARAAN 356,963,640 19/6
(DIPERBADANKAN)
DIGI.COM 2,116,600 EMPLOYEES PROVIDENT FUND BOARD 1,031,940,232 19/6
DIVERSIFIED GATEWAY SOLUTIONS (6,281,700) OMESTI 714,365,301 20 & 21/6
EVERSENDAI CORPORATION 4,662,100 KOON YEW YIN 59,521,100 19 & 21/6
FELDA GLOBAL VENTURES 500,000 KOPERASI PERMODALAN FELDA MALAYSIA 203,163,408 20/6
FELDA GLOBAL VENTURES 263,400 LEMBAGA TABUNG HAJI 284,348,500 19/6
FIAMMA (2,434,200) CASA LTD., SINGAPORE 136,436,800 19 & 20/6
FSBM 650,000 DATO TAN HOCK SAN @ TAN HOCK MING 17,694,800 19/6
G NEPTUNE 400,000 CHAI THAM POH 23,188,000 20/6
HONG LEONG BANK (989,300) EMPLOYEES PROVIDENT FUND BOARD 259,456,921 19/6
KLCC PROPERTY (1,126,800) AMANAHRAYA TRUSTEES 102,373,200 20/6
- SKIM AMANAH SAHAM BUMIPUTERA
KLCC REAL ESTATE (1,126,800) AMANAHRAYA TRUSTEES 102,373,200 20/6
INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA
KUALA LUMPUR KEPONG (1,132,600) EMPLOYEES PROVIDENT FUND BOARD 164,958,226 19/6
LAFARGE MALAYSIA (673,205) EMPLOYEES PROVIDENT FUND BOARD 78,200,489 16/6
MALAKOFF CORPORATION (800,000) KUMPULAN WANG PERSARAAN 411,077,434 19/6
(DIPERBADANKAN)
MALAYAN BANKING 2,401,400 EMPLOYEES PROVIDENT FUND BOARD 1,269,878,492 19/6
MALAYSIA AIRPORTS 2,568,200 EMPLOYEES PROVIDENT FUND BOARD 163,156,892 19/6
MALAYSIAN RESOURCES 600,000 LEMBAGA TABUNG HAJI 164,496,473 20/6
CORPORATION
MEDIA PRIMA 1,038,000 EMPLOYEES PROVIDENT FUND BOARD 149,606,238 19/6
MEDIA PRIMA 283,200 MORGAN STANLEY & CO. LLC. US 68,267,700 20/6
MITRAJAYA (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 35,423,700 16/6
MMC CORPORATION 1,000,000 LEMBAGA TABUNG HAJI 212,012,600 20/6
MQ TECHNOLOGY 40,000,000 GERALD NICHOLAS TAN ENG HOE 40,000,000 20/6
NYLEX (M) 900,000 RHODEMARK DEVELOPMENT S/B 59,985,888 20/6
NYLEX (M) (900,000) ANCOM 87,935,588 20/6
ORIENTAL (203,900) EMPLOYEES PROVIDENT FUND BOARD 52,491,616 19/6
PANPAGES (57,000,000) TAN TIAN SIN 22/6
PRG 339,000 DATO LUA CHOON HANN 52,185,000 19 & 20/6
RAYA INTERNATIONAL 20,000,000 STURGEON ASIA LTD 20,000,000 16/6
S P SETIA (300,000) EMPLOYEES PROVIDENT FUND BOARD 185,265,358 19/6
SALUTICA (5,000,000) GENIUS THINKERS S/B 24,190,000 21/6
SAPURA ENERGY 420,300 EMPLOYEES PROVIDENT FUND BOARD 644,518,044 19/6
SIME DARBY 5,000,000 AMANAHRAYA TRUSTEES 2,779,524,527 19/6
- SKIM AMANAH SAHAM BUMIPUTERA
SIME DARBY 9,664,900 EMPLOYEES PROVIDENT FUND BOARD 665,269,631 16 & 19/6
SIME DARBY 2,578,300 KUMPULAN WANG PERSARAAN 367,079,773 16 & 19/6
(DIPERBADANKAN)
SKP RESOURCES (568,700) EMPLOYEES PROVIDENT FUND BOARD 67,294,200 19/6
STAR MEDIA GROUP 720,100 EMPLOYEES PROVIDENT FUND BOARD 47,171,000 19/6
STERLING PROGRESS 1,100,000 FNS AVENUE 66,969,014 20/6
TELEKOM MALAYSIA 2,300,000 EMPLOYEES PROVIDENT FUND BOARD 635,931,174 19/6
TENAGA NASIONAL (2,565,000) AMANAHRAYA TRUSTEES 342,386,000 20/6
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL 6,000,000 EMPLOYEES PROVIDENT FUND BOARD 746,821,842 19/6
TH PLANTATIONS 334,700 EMPLOYEES PROVIDENT FUND BOARD 59,026,940 19/6
TIME DOTCOM 357,200 KUMPULAN WANG PERSARAAN 57,218,548 19/6
(DIPERBADANKAN)
UMW 1,038,400 KUMPULAN WANG PERSARAAN 92,634,500 16 & 19/6
(DIPERBADANKAN)
WCT 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 108,690,655 19/6
WING TAI MALAYSIA 1,799,700 WING TAI INVESTMENT & DEVELOPMENT 127,139,148 20 & 21/6
PTE LTD, SINGAPORE
YINSON (459,700) EMPLOYEES PROVIDENT FUND BOARD 132,039,300 19/6
Stocks closest to year high Stocks closest to year low
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
Bursa Malaysia. Note: * denotes Ace Market (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
NESTLE 83.600 83.440 83.500 90.9 ANZO 0.150 0.140 0.145 26531.1
VITROX 8.200 7.650 8.050 298.5 DBHD 0.515 0.500 0.515 34.5

Local events to watch out for today PTRANS

MAGNI
0.320
6.650
0.305
6.500
0.315
6.650
9066.6
258.6
CCB
SPSETIA-CY
2.160
0.080
2.130
0.045
2.140
0.050
381.3
761.1
PPHB 1.580 1.470 1.570 1358.2 TEKSENG 0.535 0.520 0.530 487.3
PMBTECH 2.580 2.240 2.500 617 PCHEM-C10 0.095 0.080 0.085 3401.1
Signing ceremony of an exclusive partnership PUC Founder (MSC) Bhds AGM at Kuala AJI 24.800 23.320 24.780 102.3 SPSETIA-CV 0.120 0.090 0.090 357
agreement between PUC and Moola at Kuala Lumpur Convention Centre, Plenary SENDAI 1.370 1.290 1.370 3735.9 CBIP-CD 0.070 0.065 0.065 145
Lumpur Convention Centre, Room 308, Level Theatre, Level 3, Stall 7, Jalan Pinang, A50CHIN-C6 0.200 0.185 0.200 83 BJCORP-C4 0.060 0.060 0.060 15
3, Stall 7, Jalan Pinang, Kuala Lumpur City Kuala Lumpur City Centre, 50088 Kuala REX 2.380 2.270 2.300 183.7 UMWOG 0.490 0.475 0.475 2217.2
Centre, 50088 Kuala Lumpur at 11.15am. Lumpur at 2.30pm. MERGE 0.405 0.350 0.395 2977.6 WCEHB-CB 0.060 0.055 0.060 112.2
ANCOM 1.030 0.920 1.020 14686.3 IRETEX 0.185 0.165 0.180 356.2
Mega Sun City Holdings Bhds annual general ALCOM 2.110 1.970 2.100 3127.4 HEKTAR 1.390 1.360 1.380 605.2
meeting (AGM) at Vistana Hotel, Room KMLOONG 3.850 3.800 3.800 48.5 DIALOG-C14 0.070 0.070 0.070 20
1, Level 1, 213, Jalan Bukit Gambir, Bukit IQGROUP 4.130 4.050 4.130 81.4 HARBOUR 0.700 0.685 0.700 131.2
Jambul, 11950 Bayan Lepas, Pulau Pinang This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
at 12.30pm. could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.647 0.730 0.705 0.572 0.964 1.011 1.011 0.960 3.1296 4.971 58.886 4.812 2.680 97,223 47.070 81.634 6.163 36.713 2.749 2.737 6.312 24.762 0.057
EURO 1.545 1.127 1.089 0.884 1.490 1.563 1.562 1.483 4.8356 7.680 90.985 7.435 4.140 150,221 72.729 126.134 9.523 56.725 4.248 4.229 9.753 38.261 0.088
US $ 1.371 0.887 0.966 0.784 1.321 1.386 1.386 1.316 4.2895 6.813 80.710 6.596 3.673 133,256 64.515 111.889 8.447 50.319 3.768 3.751 8.652 33.940 0.078
SWISS FR 1.419 0.918 1.035 0.812 1.368 1.435 1.435 1.362 4.4409 7.053 83.559 6.828 3.802 137,959 66.793 115.838 8.745 52.095 3.901 3.883 8.957 35.138 0.081
STERLING 1.748 1.131 1.275 1.232 1.685 1.768 1.767 1.678 5.4700 8.688 102.922 8.411 4.683 169,929 82.270 142.682 10.772 64.167 4.805 4.783 11.033 43.280 0.099
CANADA $ 1.037 0.671 0.757 0.731 0.593 1.049 1.049 0.996 3.2464 5.156 61.083 4.992 2.780 100,851 48.827 84.681 6.393 38.083 2.852 2.839 6.548 25.687 0.059
BRUNEI $ 0.989 0.640 0.721 0.697 0.566 0.953 1.000 0.949 3.0947 4.915 58.229 4.758 2.650 96,139 46.545 80.724 6.094 36.303 2.718 2.706 6.242 24.486 0.056
SINGAPORE $ 0.989 0.640 0.722 0.697 0.566 0.953 1.000 0.950 3.0951 4.916 58.236 4.759 2.650 96,151 46.551 80.734 6.095 36.308 2.719 2.707 6.243 24.489 0.056
AUSTRALIA $ 1.042 0.674 0.760 0.734 0.596 1.004 1.053 1.053 3.2596 5.177 61.332 5.012 2.791 101,261 49.025 85.025 6.419 38.238 2.863 2.850 6.574 25.791 0.059
MALAYSIA RM 0.320 0.207 0.233 0.225 0.183 0.308 0.323 0.323 0.307 1.0000 1.588 18.816 1.538 0.856 31,066 15.040 26.084 1.969 11.731 0.878 0.874 2.017 7.912 0.018
100 CHINESE RMB 20.118 13.020 14.678 14.178 11.510 19.394 20.345 20.342 19.316 62.9610 1,185 96.809 53.906 1,955,918 946.953 1,642 123.988 738.580 55.306 55.058 126.989 498.168 1.145
100 BANGLADH TAKA 1.698 1.099 1.239 1.197 0.972 1.637 1.717 1.717 1.630 5.3147 8.441 8.172 4.550 165,104 79.935 138.631 10.466 62.346 4.669 4.648 10.719 42.052 0.097
100 DANISH KRONER 20.781 13.449 15.162 14.645 11.890 20.033 21.015 21.013 19.952 65.0360 103.30 1,224 55.683 2,020,379 978.16 1,696 128.07 762.92 57.13 56.87 131.17 514.59 1.18
100 UAE DIRHAM 37.320 24.154 27.229 26.300 21.352 35.978 37.741 37.736 35.832 116.7974 185.51 2,198 179.59 3,628,375 1,757 3,047 230.01 1,370 102.60 102.14 235.57 924.14 2.12
1000 INA RUPIAH 0.010 0.007 0.008 0.007 0.006 0.010 0.010 0.010 0.010 0.0322 0.051 0.606 0.049 0.028 0.484 0.840 0.063 0.378 0.028 0.028 0.065 0.255 0.001
100 INDIA RUPEE 2.124 1.375 1.550 1.497 1.216 2.048 2.148 2.148 2.040 6.6488 10.560 125.102 10.223 5.693 206,549 173.430 13.093 77.995 5.840 5.814 13.410 52.608 0.121
100 JAPAN YEN 1.225 0.793 0.894 0.863 0.701 1.181 1.239 1.239 1.176 3.8337 6.089 72.134 5.895 3.282 119,096 57.660 7.550 44.972 3.368 3.353 7.732 30.334 0.070
100 NORWEGIAN KRONER 16.226 10.501 11.838 11.435 9.283 15.642 16.409 16.407 15.579 50.7800 80.653 955 78.080 43.477 1,577,509 763.747 1,325 595.688 44.606 44.406 102.420 401.788 0.923
100 PHILIPPINE PESO 2.724 1.763 1.987 1.920 1.558 2.626 2.755 2.754 2.615 8.5246 13.539 160.396 13.108 7.299 264,821 128.213 222.360 16.787 7.488 7.455 17.194 67.449 0.155
100 QATAR RIYAL 36.375 23.542 26.539 25.634 20.812 35.067 36.786 36.781 34.925 113.8402 180.811 2,142 175.042 97.468 3,536,508 1,712 2,969 224.183 1,335 99.551 229.609 900.741 2.070
100 SAUDI RIYAL 36.539 23.648 26.659 25.750 20.906 35.225 36.951 36.946 35.082 114.3531 181.625 2,152 175.830 97.907 3,552,442 1,720 2,983 225.193 1,341 100.451 230.644 904.800 2.079
100 SWEDISH KRONOR 15.842 10.253 11.558 11.164 9.064 15.272 16.021 16.019 15.210 49.5800 78.747 932.882 76.235 42.450 1,540,230 745.698 1,293 97.637 581.611 43.552 43.357 392.293 0.902
100 THAI BAHT 4.038 2.614 2.946 2.846 2.311 3.893 4.084 4.083 3.877 12.6385 20.074 237.802 19.433 10.821 392,622 190.087 329.668 24.889 148.259 11.102 11.052 25.491 0.230
100 HK$ 1,757.2761,137.3091,282.1001,238.3911,005.4061,694.0521,777.0931,776.8631,687.1925,499.57008,734.883103,478.2598,456.1934,708.641170,847,15882,715.227143,45310,830.18964,514.1124,830.9564,809.28811,092.31543,514.420
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.
WED N ES DAY J U N E 28 , 20 17 THEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures Euro/USD Klibor
Index points Open Interest Index points 1.58 Implied interest rate (%)
1.1288
1980 1,782.00 90000 18.00 6.50 (+0.0109) 4.5
(+3.00) (+1.00) 3.48
1.44 (Unch)
1785 68000 4.75
3.5
1.30
1590 46000 -8.50

1.16 2.5
1395 24000 -21.75

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 Jun 23, 2017 Jan 4, 2010 Jun 23, 2017 Jan 2, 2006 Jun 27, 2017 Oct 1, 2000 Jun 23, 2017

FBM KLCI futures FBM KLCI futures Euro surges nearly 1% Klibor
contracts close higher INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
after Draghi comments MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,779.45 2.02 102.6M The euro surged almost 1% against the US JUL7 96.54
AUG7 96.53
Malaysia Derivatives closed higher yesterday JUN 17 1,782.00 3.00 6,480 35,000 -2,225 dollar yesterday after European Central Bank SEP7 96.52
in line with the equities market on buying JUL 17 1,788.00 3.00 4,069 6,732 1,200
president Mario Draghi opened the door to DEC7 96.47
SEP 17 1,785.00 5.00 47 294 7
interest. DEC 17 1,783.50 4.50 15 166 -3
tweaks that may begin to reduce the banks MAR8 96.47
Spot month June 2017 and July 2017 TOTAL emergency stimulus to the economy shortly. JUN8 96.47
10,611 42,192 -1,021
SEP8 96.47
added three points to 1,782 and 1,788 Speaking at a conference in Portugal, Draghi DEC8 96.47
respectively. September 2017 expanded FUTURES ROLL OVER BID OFFER CLOSE said the central bank could adjust its policy MAR9 96.47
five points to 1,785, and December 2017 JUN/JUL 7.0 6.0 6.5
tools of sub-zero interest rates and massive JUN9 96.47
gained 4.5 points to 1,783.5. FUTURES FAIR VALUE bond purchases as economic prospects SEP9 96.47
DEC9 96.47
Turnover was higher at 10,611 lots CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE improve in Europe. MAR0 96.47
from last Thursdays 6,287 lots while open JUN 17
JUL 17
8
39
1.08
5.88
0.99
1.22
0.09
4.66
However, any change in the banks stance JUN0 96.47
interest rose to 42,192 contracts from 38,283 ROLLS FAIR 4.57
should be gradual as considerable monetary SEP0 96.47
contracts previously. support is still needed and the rebound in DEC0 96.47
MAR1 96.47
The underlying benchmark FBM KLCI inflation will also depend on favourable global
JUN1 96.47
finished 2.02 points stronger to close at 1,779.45. financing conditions, he added. SEP1 96.47
Most Southeast Asian stock markets edged The euro surged as Draghi spoke, rising DEC1 96.47
higher yesterday as oil prices rose for a fourth Philippine shares closed 0.8% higher with as much as 0.5% on the day to US$1.1277, its MAR2 96.47
consecutive session, although worries over a International Container Terminal Services gaining highest level since June 14, up nearly 1% on JUN2 96.47
TOTAL 0 0
persistent global supply glut linger. 4.5%, while Singapore shares up 0.3%. Agencies the day. Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.7300 155.00 1980
200000
0.3213
(RM3,036/tonne)
3450 5075 0.5475 121.25 1660
152500 43.94
(+0.56)
2700 105000 3750 0.3650 87.50 1340

1950 57500 2425 0.1825 53.75 1020

2,439 1,248.40
(-8) 2,439 (+3.50)
1200 10000 (-8) 0.0000 20.00 700
1100
Jan 6, 2008 Jun 23, 2017 Apr 10, 2007 Jun 27, 2017 Aug 31, 2008 Jun 27, 2017
Jan 6, 2008 Jun 23, 2017

Palm oil falls on expectations CPO futures Oil rises on weaker US dollar Commodities

of higher output CONTRACT

JUL-17
LAST
2,588
CHANGE
-9
VOLUME
287
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,393 -565
after five weeks of decline AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,439 -8
RUBBER SEN/KG MRB 588.00 8.50
AUG-17 2,476 -13 2,376 26,515 -1,027
Malaysian palm oil futures fell in last Friday Oil prices rose for a fourth consecutive CORN USC/BSH CBOT 361.00 2.00
SEP-17 2,439 -8 11,823 61,694 63
SOYBEANS USC/BSH CBOT 914.00 7.25
evening trade, charting a third day of losses OCT-17 2,432 -6 2,205 25,049 463 session yesterday boosted by a weaker US
WHEAT USC/BSH CBOT 452.00 2.00
in four on expectations of rising output. NOV-17 2,439 -6 2,690 36,443 -115 dollar, but worries over persistent oversupply LIVE CATTLE USC/IBS CME 118.28 3.00
The benchmark palm oil contract for CPO FUTURES CPO/SOYOIL capped gains. COCOA US$/TON NYBOT 1,882 37
September delivery on Bursa Malaysia INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) Brent crude gained 70 US cents to COFFEE USC/IBS NYBOT 126.10 1.60
JUL/AUG 112 -74.29
Derivatives was down 0.2% or RM8 at JUL/SEP 149 3 MONTHS AVERAGE -96.51
US$46.53 per barreL, while US crude was SUGAR USC/IBS NYBOT 12.81 -0.04
RM2,439 a tonne at the close. up 56 US cents at US$43.94 per barrel. COTTON USC/IBS NYC 67.58 0.35
JUL/OCT 156 6 MONTHS AVERAGE -90.50
Palm prices are in decline as the market AUG/SEP 37 The gains mean the market is up slightly METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,400 -200
expects production to rise, especially after SGS & ITS EXPORT ESTIMATES (TONNES) so far this week, after spending much of the COPPER USC/IBS CMX 2.6415 0.0090
the Raya holiday, a trader said, referring to SHIPMENT DAYS MAR17 APR17 MAY17 last month in negative territory. GOLD US$/TROY OZ CMX 1,248.40 3.50
the Hari Raya Aidilfitri festival that marks 1 - 10TH DAYS 250/254 312/307 359/347 US crude inventory figures that were due PLATINUM US$/TROY OZ NYMEX 921.10 3.20
the end of the fasting month of Ramadan. 1- 15TH DAYS 507/492 573/567 613/618
out later yesterday could help determine if PALLADIUM US$/TROY OZ NYMEX 863.95 7.30
The Muslim holy month, which fell in 11 -- 20TH DAYS
25TH DAYS
686/711
903/907
719/705 853/847
891/866 1,007/1,007
the market extended its gains. SILVER USC/TROY OZ CMX 16.63 0.06
June this year, brings down productivity FULL MONTH Opec nations and 11 other exporters ALUMINIUM RMB/TON SHF 1933.75 -5.75
1,089/1,076 1,135/1,126 1,310/1,306
ZINC RMB/TON SHF 2725.5 15.00
at palm oil plantations and hits harvesting MALAYSIAN PALM OIL BOARD agreed in May to extend cuts of 1.8 million
because many workers go on leave. FEB17 MAR17 APR17 MAY17 barrels per day until March. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 43.94 0.56
Indonesia and Malaysia, which produce PRODUCTION 1,258 1,464 1,548 1,655 Despite the cuts, which started in January, HEATING OIL USC/GAL NYMEX 1.4086 0.0222
nearly 90% of global palm oil, are Muslim- EXPORT
STOCKS
1,107
1,459
1,554
1,266
1,283
1,600
1,506
1,558
inventories have not fallen as expected, as NATURAL GAS US$/MMBTU NYMEX 3.063 0.014
majority countries that observe Ramadan US producers and others outside the Opec- BRENT CRUDE US$/BBL ICE 46.53 0.70
MPOB Palm oil physical
and Hari Raya Aidilfitri, leading to a shortage led regime have boosted output. Reuters GAS OIL US$/TON ICE 419.25 9.75
of workers for the harvest. (IN RM/TON) JUN17 JUL17 AUG17

The Malaysian market was close for the CPO DELD

PK EX-MILL
2,591
1,960
2,610 NO TRADE
NO TRADE NO TRADE
Centrifuged Latex Rubber - Msia SMR 20
Hari Raya Aidilfitri public holiday, before CPKO DELD NO TRADE 4,129 NO TRADE Sen/Kg
Sen/Kg
reopening today. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
Production in Malaysia, the worlds RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE 539.00 588.00
second-largest producer behind Indonesia, RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (-2.00) (+8.50)
1475
rose to 1.65 million tonnes in May, up 6.9% MPOB FFB REF PRICE (MILL GATE PRICE)
from the previous month, according to the REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Malaysian Palm Oil Boards latest data. NORTH 20.00% 557 19.00% 531 18.00% 506
In related oils, soybean oil on the Chicago SOUTH 20.00% 572 19.00% 547 18.00% 521
500 625
Board of Trade was up 0.5%, while September CENTRAL 20.00% 559 19.00% 534 18.00% 508
soybean oil on the Dalian Commodity EAST COAST 20.00% 565 19.00% 539 18.00% 514 300 200
SABAH 22.00% 547 21.00% 523 20.00% 500 Jan 7, 2007 Jun 23, 2017 Jan 7, 2007 Jun 23, 2017
Exchange fell 0.3%. Reuters SARAWAK 22.00% 554 21.00% 530 20.00% 507
 Markets
32 WEDN ESDAY JU N E 28, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

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

KLCI 1,779.45 2.02 FBM ACE 6,279.45 39.35 FTSTI 3,219.53 10.06 NIKKEI 20,225.09 71.74 HANG SENG 25,839.99 31.90 DOW JONES 21,409.55 14.79

Science is organised knowledge. Wisdom is Market movers

organised life. Immanuel Kant
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ANZO-WC 55,294.6 0.055 1100.00 0.060 0.00
('000) (%) (RM) (RM) (RM) (RM) DNEX-WD 40,784.9 0.005 1.67 0.305 0.00
Index point
1783.0 1,782.00 ATTA-LA 14,789 7.32 0.030 0.440 0.440 0.415 NETX 39,231.4 UNCH UNCH 0.050 0.00
1782.1 (+3.00) COMCORP 14,450 -14.49 -0.155 0.915 0.960 0.905 DNEX 34,745.8 0.010 1.71 0.595 4.08 0.85
1781.2 KLCI futures NWP 12,852 0.00 0.000 0.205 0.215 0.200 HUBLINE 29,364.6 0.005 8.33 0.065 0.00
1780.3 KAREX-CW 10,792 -20.00 -0.005 0.020 0.020 0.020 ANZO 26,531.1 -0.010 -6.45 0.145 0.00
1779.4 PTRANS 9,067 3.28 0.010 0.315 0.320 0.305 PANPAGE 22,109.1 UNCH UNCH 0.320 0.00
GENM-C24 5,211 25.00 0.040 0.200 0.205 0.165 DIALOG 15,185.3 0.010 0.52 1.930 29.63 1.25
1778.5
KL Composite Index CUSCAPI 5,143 12.00 0.030 0.280 0.280 0.255 ATTA-LA 14,788.5 0.030 7.32 0.440 0.00
1777.6
SPSETIA-CW 4,462 -31.91 -0.075 0.160 0.240 0.140 ANCOM 14,686.3 0.095 10.27 1.020 24.87 0.00
1776.7 GKENT 4,428 6.35 0.250 4.190 4.230 3.960
1,779.45 COMCORP 14,450.4 -0.155 -14.49 0.915 8.47 0.00
1775.8 (+2.02) JAYCORP 4,086 8.80 0.110 1.360 1.410 1.350 NWP 12,851.6 UNCH UNCH 0.205 0.00
1774.9 KBUNAI 3,950 0.00 0.000 0.060 0.065 0.060 MYEG 11,981.7 0.010 0.47 2.120 39.22 0.65
1774.0 XDL 3,739 5.88 0.015 0.270 0.270 0.245 IRIS 11,019.9 UNCH UNCH 0.170 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
PUC-LA 3,382 0.00 0.000 0.090 0.090 0.085 HIAPTEK 10,861.3 UNCH UNCH 0.375 18.94 0.80
SUNREIT 3,228 0.00 0.000 1.720 1.730 1.720 PUC 10,841.4 0.005 3.57 0.145 56.00 0.00
Daily FBM KLCI PCHEM-C9 3,068 0.00 0.000 0.090 0.095 0.085 KAREX-CW 10,792.0 UNCH UNCH 0.020 0.00
MERGE 2,978 12.86 0.045 0.395 0.405 0.350 SENERGY 10,763.4 UNCH UNCH 1.570 74.06 0.64
KL Composite Index Moving average - 20-day HIBISCS 10,679.2 0.015 3.90 0.400 4.40 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,779.45 ARMADA 10,573.8 0.020 2.86 0.720 1.17
traded for a particular counter on the previous trading day is more than triple the average volume for the
(+2.02) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1425.0 1,780.40 FBM KLCI posts 11th-hour CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

gain ahead of holidays AJI

PANAMY
24.780
36.280
1.120
0.880
HEIM
BAT
17.960
44.000
-0.500
-0.480
1122.5 HSI-C1J 1.580 0.350 HCK 5.000 -0.300
PMBTECH 2.500 0.280 CHINTEK 7.860 -0.240
KUALA LUMPUR: The FBM KLCI rose sharply in the final GENM 5.830 0.270 SPSETIA 3.400 -0.220
820.0 trading minutes to close 2.02 points or 0.1% higher last NESTLE 83.500 0.260 UTDPLT 28.000 -0.200
Jan 2, 2008 Jun 23, 2017 Friday, as investors bought Genting Malaysia Bhd shares. GKENT 4.190 0.250 ENRA 2.610 -0.190
The FBM KLCI rose amid quieter but volatile broader SAB 5.120 0.240 HLFG 17.300 -0.160
900
market trades ahead of the Hari Raya Aidilfitri holidays from HENGYUAN 5.090 0.170 PTARAS 4.010 -0.160
MAGNI 6.650 0.150 COMCORP 0.915 -0.155
Sunday. Malaysian markets were closed on Monday and
600 HLBANK 15.540 0.140 HSI-C90 0.760 -0.150
yesterday for Hari Raya Aidilfitri. KESM 15.100 0.140 TAHPS 6.800 -0.150
300 Last Friday, the FBM KLCI closed at 1,779.45 points at
5pm. Genting shares rose 27 sen to RM5.83 to become Bursas Top gainers and losers (ranked by percentage)
0
fifth-largest gainer.
Volume (mil)
TA Securities Holdings Bhd senior technical analyst Stephen UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Soo told theedgemarkets.com: Despite closing higher, the
FBM KLCI futures trading session on the FBM KLCI was quite dull, reflecting the ANZO-WC 0.060 1,100.0 BJTOTO-CU 0.005 -50.00

CONTRACT SETTLEMENT CHANGE HIGH LOW

absence of most market players, due to the upcoming festive F&N-CB 0.010 100.00 CENSOF-WA 0.005 -50.00
KGROUP-WA 0.015 50.00 SPSETIA-CY 0.050 -41.18
JUN 17 1,782.00 3.00 1,782.00 1,774.00 season and extended holiday period early next (this) week. IDMENSN-WA 0.035 40.00 MEDAINC-WA 0.075 -34.78
JUL 17 1,788.00 3.00 1,789.50 1,780.00 Across Bursa Malaysia, 1.31 billion shares valued at TM-C14 0.040 33.33 TENAGA-C33 0.020 -33.33
SEP 17 1,785.00 5.00 1,785.00 1,778.00
RM1.54 billion were traded. Gainers outpaced decliners at FGV-C22 0.040 33.33 SPSETIA-CW 0.160 -31.91
410 versus 306 respectively. MAXIS-CW 0.040 33.33 SPSETIA-CV 0.090 -28.00
FBM KLCI sensitivity* Bank Negara Malaysia has asked foreign insurers to raise HSI-C1J 1.580 28.45 FGV-C25 0.030 -25.00

KLCI CHANGE CLOSE VOLUME the proportion of local shareholders in their firms to at least GENM-C23 0.220 25.71 BAUTO-CR 0.030 -25.00
POINTS (RM) (RM) ('000) KBUNAI-WC 0.025 25.00 SPSETIA-CX 0.125 -24.24
GENTING MALAYSIA 2.65 0.270 5.830 10414.8
30%, under an initiative to lift domestic participation in the GENM-C24 0.200 25.00 GENTINGC43 0.105 -22.22
MAXIS 0.62 0.050 5.640 8551.1 industry, people familiar with the matter said last Friday. HBGLOB 0.055 22.22 GENTINGC44 0.115 -20.69
HONG LEONG BANK 0.50 0.140 15.540 2287.6 Foreign ownership of Malaysian insurers was set in 2009
CIMB GROUP 0.45 0.030 6.680 8934.0 at 70% or more if the buyer could help consolidate and Top gainers and losers - warrants (ranked by percentage)
MAYBANK 0.35 0.020 9.600 9431.9 rationalise the industry. But some foreign insurers operating
YTL CORPORATION 0.18 0.010 1.480 6952.0 UP CHANGE DOWN CHANGE
TELEKOM MALAYSIA 0.12 0.020 6.620 1917.2
in the country could still be wholly owned by their overseas CLOSE (%) CLOSE (%)
IHH HEALTHCARE -0.14 -0.010 5.980 1488.3 parent. by Adela Megan Willy ANZO-WC 0.060 1,100.0 BJTOTO-CU 0.005 -50.00
MISC -0.15 -0.020 7.400 694.1
World equity indices F&N-CB 0.010 100.00 CENSOF-WA 0.005 -50.00
TENAGA NASIONAL -0.19 -0.020 14.160 5406.0 KGROUP-WA 0.015 50.00 SPSETIA-CY 0.050 -41.18
BRITISH AMERICAN TOBACCO -0.23 -0.480 44.000 288.4 CLOSE CHANGE CLOSE CHANGE IDMENSN-WA 0.035 40.00 MEDAINC-WA 0.075 -34.78
GENTING -0.25 -0.040 9.720 1361.5
DOW JONES 21,409.55 14.79 INDONESIA 5,829.71 11.16 TM-C14 0.040 33.33 TENAGA-C33 0.020 -33.33
IJM CORPORATION -0.30 -0.050 3.410 4734.4
S&P 500 2,439.07 0.77 JAPAN 20,225.09 71.74 FGV-C22 0.040 33.33 SPSETIA-CW 0.160 -31.91
HONG LEONG FINANCE -0.30 -0.160 17.300 68.3
NASDAQ 100 5,777.59 -25.52 KOREA 2,391.95 3.29 MAXIS-CW 0.040 33.33 SPSETIA-CV 0.090 -28.00
HAP SENG CONSOLIDATED -0.37 -0.090 9.090 191.2
FTSE 100 7,446.80 22.67 PHILIPPINES 7,876.37 62.20 HSI-C1J 1.580 28.45 FGV-C25 0.030 -25.00
AMMB HOLDINGS -0.60 -0.120 4.980 2122.0
AUSTRALIA 5,714.194 -5.96 SINGAPORE 3219.53 10.06 GENM-C23 0.220 25.71 BAUTO-CR 0.030 -25.00
SUB-TOTAL 2.35
CHINA 3191.20 5.75 TAIWAN 10,512.06 -1.90 KBUNAI-WC 0.025 25.00 SPSETIA-CX 0.125 -24.24
OTHERS -0.33
HONG KONG 25,839.99 -31.90 THAILAND 1,586.45 0.84 GENM-C24 0.200 25.00 GENTINGC43 0.105 -22.22
GRAND TOTAL 2.02
INDIA 30,958.25 -179.96 VIETNAM 767.51 -5.01 NETX-WB 0.030 20.00 GENTINGC44 0.115 -20.69
* How stock price changes affected the index on the previous trading day

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