FBM KLCI 1754.92 0.27 KLCI FUTURES 1758.50 1.00 STI 3306.08 7.84 RM/USD 4.2840 CPO RM2512.

4.2840 CPO RM2512.00 25.00 OIL US$48.98 0.56 GOLD US$1236.30 2.60
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

WEDNESDAY JULY 19, 2017 ISSUE 2453/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
BNM says no marked
improvement seen in housing
affordability 7 H O M E B U S I N E S S
4 HOME BUSINESS PHOTO BY HARIS HASSAN

Prestariang secures
RM3.5b SKIN job
6 HOME BUSINESS

Decision on TPP
likely at November
Apec summit
6 HOME BUSINESS

Axiata, other major

shareholders call
off strategic review
to sell M1 stakes
7 HOME BUSINESS

SC reviewing
due diligence on
corporate proposals
guidelines
9 P R O P E RT Y
Land swap for
A major reason why
millennials arent
buying homes
KL RIVER CITY
The deal covers the RM950m first phase of
the 10km project undertaken by Ekovest.
Adela Megan Willy has the story on Page 4.

12 H O M E
Foreign holdings of MGS set to rise further
TN50 helps nation as sentiment improves MARC
face 4th Industrial 5 HOME BUSINESS
Revolution PM

The Hour Glass :

Ulysse Nardin Boutique - Starhill Gallery - Kuala Lumpur T. (+603) 2148 0388;
The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2287 7830;
Pavillon - Kuala Lumpur T. (603) 2148 8930; LOT 10 S.C. - Kuala Lumpur T. (603) 2144 1620;
Watches of Switzerland :
ANNUAL CALENDAR The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2201 6811
2 WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
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Najib: We are not
a failed nation
Not in Islamic development or infrastructure facilities for the people
PUTRAJAYA: Prime Minister Da-
tuk Seri Najib Razak has reiterated
that Malaysia is not a failed state in
terms of Islamic development or in-
frastructure facilities for the people.
He said the development of Is-
lam is not only observed through
talk alone but also translated into all
aspects of life such as the setting up
of the Islamic administrative infra-
structure which indirectly became
part of the message of dakwah to
the society.
Citing the Putrajaya Islamic
Complex (KIP) as an example, he
said its launching, which unified
11 religious agencies under one
roof, proves the government always
strives to put Islam at its highest lev-
el by providing the best infrastruc-
ture for the countrys development.
In these two days (Monday and
yesterday), there is a reason for us
to feel proud. Yesterday (Monday),
I launched the mass rail transit
(MRT) Sungai Buloh-Kajang lines
Agong consents to formation of RCI
KUALA LUMPUR: Yang di-Pertuan
Agong Sultan Muhammad V has
given his consent to the formation
of a Royal Commission of Inquiry
(RCI) to investigate the foreign cur-
rency (forex) transaction losses by
Bank Negara Malaysia (BNM) in
the 1990s, according to the Prime
Ministers Office (PMO).
In a statement yesterday, the
PMO said the commissions for-
mation is done according to the
Commission of Inquiry Act 1950
(Act 119) and had taken effect on
Saturday.
In line with the provisions under
the act, Sultan Muhammad V also
consented to Petroliam Nasional
second phase and today (yester-
day), [I] launched the KIP, a new
icon in preparation for the best
governance for the glorious Islamic
administration.
Is this the picture of a failed
country? Is this the picture of a bank-
rupt government? Does this lead to
the devastation of Malaysia which
needs to be saved? he said when
opening the KIP here yesterday.
See related story on Page 12
The prime minister said the
launch of the MRT, deemed a world-
class peoples infra-system, and the
KIP building of more than a million
square feet are great examples of a
great state administration which the
people should be proud of.
He said the religious agencies
centralisation in a complex is also
in line with the governments in-
tention to improve the delivery of
services to the people and become
Bhd chairman Tan Sri Mohd Sidek
Hassans appointment as the com-
missions chairman.
The commission will have the
power and jurisdiction to:
Determine the authenticity of
the allegation of the forex losses by
BNM in the 1990s and its implica-
tions for the national economy.
Determine whether BNMs in-
volvement in the forex activities
which caused the losses contra-
dicted the Central Bank Ordinance
1958 or any relevant laws.
Determine whether there were
elements of hidden facts and infor-
mation relating to the forex losses
by BNM and misleading statements
For breaking news updates go to
www.theedgemarkets.com
an example to other countries.
Najib added that it would also
dismiss the perception of Islam of-
ten associated with violence, con-
flicts and massacres. The negative
perceptions could be eroded es-
pecially when the KIP is the only
building for the Islamic administra-
tion that won the Best Office Build-
ing award at the recent Asia Pacific
Property Awards 2017 in Bangkok.
At the event, he also launched
the syariah-compliant governance
guidelines to improve the Islam-
ic governance after the introduc-
tion of Malaysias syariah index
two years ago.
Najib launched the Islamic Fi-
nancial Centre as well, an initiative
by Lembaga Tabung Haji located at
the complex, which would provide
services such as Islamic financing
and financial management, curren-
cy exchange, insurance coverage,
travel services, and pilgrimage and
umrah packages. Bernama
given to the cabinet, Parliament
and the public.
Recommend suitable actions to
be taken against those found to be
directly and/or indirectly involved
in causing the losses and hiding the
facts and information on the losses.
Recommend appropriate meas-
ures to ensure the incident will not
recur.
The statement said the commis-
sion will complete its inquiry within
three months from the date of its
establishment and will submit its
report to the Yang di-Pertuan Agong.
Sultan Muhammad V also con-
sented to the appointment of the
commission members. Bernama
IN BRIEF
214,118 people applied
to register as voters in 2Q
PUTRAJAYA: The Election
Commission (EC) received
214,118 applications to register
as voters in the electoral roll
in the second quarter (2Q) of
this year, said its secretary Da-
tuk Abdul Ghani Salleh. Some
157,373 of these applications
were for registration as new
voters and another 56,745 were
for change of electoral address
by voters registered with the
EC. He said in a statement
yesterday the Supplementa-
ry Electoral Roll for 2Q would
be displayed for 14 days from
today to Aug 1 at 960 exhibition
venues nationwide in accord-
ance with Rule 13 of the Elec-
tions (Regulations of Electors)
Regulations 2002. Bernama
Rowsley to buy healthcare
assets for up to S$1.9b
SINGAPORE: Rowsley Ltd, a
Singaporean real estate firm,
said it planned to buy health-
care assets from its controlling
shareholder for up to S$1.9 bil-
lion (RM5.96 billion) to help
diversify its portfolio. Rows-
ley signed a non-binding term
sheet to buy 100% of Singapore
hospital operator Thomson
Medical Pte Ltd and a 70.36%
stake in Malaysias TMC Life
Sciences Bhd from Lim Eng
Hock. Lim indirectly owns a
45.34% stake in Rowsley. The
proposed deal will be financed
by issuing new shares of 7.5
Singapore cents apiece, the
company said in a statement
yesterday. Reuters
Khairul breaks 49-year-
old 200m national record
KUALA LUMPUR: National
sprint king Khairul Hafiz Jan-
tan smashed the 49-year-old
national 200m record set by
the Flying Doctor Tan Sri Dr
Mani Jegathesan in 1968, the
oldest record in the Malaysian
Athletics record book, with a
blistering run of 20.90s to win
the event at the 94th Malaysian
Open Athletics Championships
here yesterday. The 18-year-old
sprinter from Melaka, who last
year erased the 100m record
held by Watson Nyambek, set a
blistering pace at the National
Stadium in Bukit Jalil to rewrite
the 20.92s old record set by
Jegathesan at the 1968 Mexico
Olympics. Bernama
Employers reminded
about Agongs birthday
PUTRAJAYA: The government
has announced that employers
must regard Sept 9, the official
birthday of Yang di-Pertuan
Agong Sultan Muhammad V
as a paid public holiday for
their workers. Human Re-
sources Minister Datuk Seri
Richard Riot Jaem said in a
statement here yesterday the
provision is contained in Sec-
tion 60D (1)(a) of the Employ-
ment Act 1955, Section 103(1)
(a) of the Labour Ordinance
(Sabah chapter 67) and Sec-
tion 104 (1)(a) of the Labour
Ordinance (Sarawak chapter
76). Bernama
4 HOME BUSINESS
Land swap for Kuala
Lumpur River City
The deal covers the RM950m first phase of the 10km project by Ekovest
BY A D EL A MEGA N WI L LY
KUALA LUMPUR: The government
will trade land with Ekovest Bhd,
controlled by tycoon Tan Sri Lim
Kang Hoo, in return for rehabilita-
tion works undertaken by the prop-
erty developer on the first 2.2km of
a 10km stretch of the Gombak river
under the Kuala Lumpur River City
(KLRC) project.
Under the deal, the government
will give Ekovest 30 acres (12.14ha)
of land within the KLRC develop-
ment, said Ekovest managing di-
rector Datuk Seri Lim Keng Cheng.
He estimates the development
on the land could potentially gen-
erate a gross development value
(GDV) of over RM9 billion, which
is 10 times higher than the cost of
the land given to Ekovest.
Currently, Ekovest has several of
its own property projects within the
area, namely EkoTitiwangsa, Eko-
RiverCentre, EkoGateway, EkoQuay
and EkoAvenue, whose combined
land area is about 30 acres and with
a total GDV of RM6.5 billion.
All in all , the [proposed] site, to-
gether with our existing 30 acres of
land also located within the KLRC
development, will give us a total
GDV of close to RM16 billion, he
told reporters after the launch of
the KLRC project by Federal Terri-
tories Minister Datuk Seri Tengku
Adnan Mansor yesterday.
In November last year, Ekovest
bagged an RM157.25 million con-
tract from the Kuala Lumpur City
Hall to undertake improvement
and beautification works in the
city. The contract included the con-
struction of an interceptor system
and related works to improve the
river water quality including the
water treatment system along the
Gombak and Klang rivers under the
110km River of Life project, which
is a bigger development under the
Economic Transformation Pro-
gramme for Greater Kuala Lumpur
spanning seven years.
Meanwhile, Ekovests KLRC pro-
ject aims to rejuvenate and trans-
form northern Kuala Lumpur into
a world-class tourist destination.
The project is positioned within
Precinct 1 and 2 of the River of Life
and is just a short drive from major
Prestariang secures concession for RM3.5b SKIN job
BY SA M A N THA H O
KUALA LUMPUR: Close to two years
after the deal was first announced,
Prestariang Bhd yesterday inked the
concession agreement with the gov-
ernment to implement the immigra-
tion departments Sistem Kawalan
Imigresen Nasional (SKIN) or Na-
tional Immigration Control System.
(From right) Keng Cheng, Tengku Adnan and Kang Hoo at the launch of the KLRC
project by Tengku Adnan in Kuala Lumpur yesterday. Photo by Haris Hassan
city hubs such as Kuala Lumpur
Sentral, Kuala Lumpur City Centre,
The Golden Triangle, as well as the
upcoming Tun Razak Exchange and
Bandar Malaysia.
The 2.2km stretch forms the ini-
tial portion of the entire 10km KLRC
development. It will see Ekovest
undertaking construction works of
the non-mechanical Gombak River
Enhancement and Tunnel System
(GREAT), which is expected to be
completed in two-and-a-half years.
Keng Cheng said the GREAT sys-
tem construction project will see
the group investing RM950 million
in development cost. It will finance
the project through a combina-
tion of internal funds and bank
borrowings.
Typically for jobs like this, 20%
to 30% will come from internal
funds, he explained.
As for the development of the
remaining 8km stretch, he said it
depends on the governments de-
cision.
The 2.2km portion is a pilot pro-
ject for people to buy in. Previously,
purchasers will not buy properties
near rivers due to [hygiene issues],
which results in property values
dropping. But with the [enhance-
ments and transformation] of the
properties vicinity, their values
will appreciate, said Keng Cheng.
The RM3.5 billion deal was inked
by PSKIN a wholly-owned unit
of Prestariangs 70%-owned sub-
sidiary, Prestariang Services Sdn
Bhd (PServices) with the home
ministry, said Prestariang in a Bursa
Malaysia filing.
PSKIN is the special purpose vehi-
cle incorporated by PServices solely
to undertake the 15-year concession.
With the implementation of the
KLCR project, properties within the
surrounding area covering almost
320 acres can easily appreciate by
50%, he added.
Keng Cheng said Ekovests or-
der book now stands at RM12.5
billion, which will keep the group
busy for the next four to five years.
However, this does not include the
KLRC project.
Its tender book is valued at about
RM10 billion, which consists mainly
of infrastructure projects tendered
for this year and 2018.
As for Ekovests outlook on the
construction sector, Keng Cheng
is of the view that the market will
start experiencing a rebound as
the worst is over for the property
market.
I am always very optimistic. By
virtue of everyones confidence,
Malaysia can always do better. The
market will not be bad forever so
I am quite positive about the in-
dustrys outlook going forward,
he said.
This year might not be a very
good year, but there should be a
rebound after going through a bad
year. Whatever property cooling
measures that have been intro-
duced everywhere [in the world],
all the negatives have come out,
Keng Cheng added.
Essentially, SKIN is a new border
control system to replace the cur-
rent Malaysian Immigration System.
PSKIN will undertake the plan-
ning, design, financing, development,
customisation, supply, delivery, in-
stallation, configuration, integration,
interfacing, testing and commission-
ing of SKIN, as well as carry out main-
tenance services, the group said.
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Ekovest, IWC shares
surge in active trade
BY AD E L A MEG A N W IL LY
& S AMA N T H A H O
KUALA LUMPUR: Stocks linked
to tycoon Tan Sri Lim Kang Hoo
surged yesterday, on the back of
news regarding the Kuala Lumpur
River City (KLRC) project.
Ekovest Bhd, which is under-
taking the rehabilitation works of a
10km stretch of the Gombak river,
saw its share price rise as much as
15% to its intraday high of RM1.21
before paring the gains to close 12
sen or 11.43% higher at RM1.17 yes-
terday. A total of 71.92 million shares
changed hands, making it the third
most active stock on Bursa Malaysia.
Year to date, Ekovests share
price has risen 23% from 95 sen
on Dec 30, 2016. However, it has
come down from a high of RM1.52
on March 13 due to the spillover
effect from the termination of the
sale of a 60% stake in the Bandar
Malaysia project to IWH CREC Sdn
Bhd, a joint venture (JV) between
Iskandar Waterfront Holdings Sdn
Bhd (IWH) and China Railway En-
gineering Corp (M) Sdn Bhd.
IWH, which owns a 60% stake
in the JV, is the flagship of Lim, who
also controls a 32% stake in Ekovest.
Uncertainties surrounding
Ekovests concessionaire for the
Setiawangsa-Pantai Expressway
(formerly Duke Phase-3), which
will connect to Bandar Malaysia,
was put into question after the JV
failed to sustain the Bandar Ma-
laysia project.
The company has lost RM748.3
million in market capitalisation
from the 52-week peak, valuing it
at RM2.5 billion yesterday.
Shares in Iskandar Waterfront
City Bhd (IWC), meanwhile, rose as
much as 35 sen or 28% to its intraday
high of RM1.59 yesterday to become
Ekovest Bhd
RM
1.5
1.2
RM1.17
0.9
0.6
0.3
June 21, 2016 July 18, 2017
Source: Bloomberg
The concession deal is condition-
al upon PSKIN obtaining written
notice from the government con-
firming that it has fulfilled the con-
ditions precedent in the agreement
within six months before the date of
execution. The development works
for SKIN Solutions are expected to be
completed within 36 months from
the development commencement
the most actively traded stock.
The stock closed 30 sen or
24.19% higher at RM1.54, with
109.25 million shares done. IWC
has lost about RM1.46 billion in
market value from its 52-week high
of RM3.29, valuing it at RM1.29
billion yesterday.
A remisier attributed the share
price rise to renewed rumours
that IWH may be back in talks to
participate in the Bandar Malay-
sia development. The project was
considered the crown jewel of the
IWH-IWC merger exercise.
On June 23, the government
issued a request for a proposal for
the role of master developer for the
development of Bandar Malaysia.
IWC shares also received a
boost from the KLRC award to Ek-
ovest, as well as news that Dalian
Wanda Groups [foreign invest-
ments] being pulled back after years
of aggressive investment, the rem-
isier told The Edge Financial Daily.
In May, Wanda, owned by Chinas
richest man Wang Jianlin, was re-
portedly to be in talks with Malaysia
to take a major stake in the Bandar
Malaysia development. However,
it was recently said to be facing re-
strictions in funding for its offshore
deals by the Chinese government.
IWC shares recently fell to a five-
month low of RM1.19 per share
after the date for a definitive agree-
ment for its proposed merger with
its major shareholder IWH was
extended to Sept 4.
Loui Low, head of retail and
equity research at Hong Leong In-
vestment Bank Bhd, said renewed
talks of the sale of the stake in Ban-
dar Malaysia also spurred inter-
est in Malton Bhd. Malton shares
closed three sen or 2.52% to close
at RM1.22 yesterday, with 16.35
million shares done.
Iskandar Waterfront City Bhd
RM
3.5
3.0
2.5
2.0
1.5
RM1.54
1.0
0.5
June 23, 2016 July 18, 2017
Source: Bloomberg
date, Prestariang said.
Prestariang was first announced
as the main implementer of SKIN in
November 2015. Payment to Pre-
stariang will commence upon full
commissioning of SKIN Solutions,
with an average annual payment of
RM294.7 million for 12 years (from
the fourth to the 15th year) during
the maintenance service period.
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
Foreign holdings of MGS set to rise
MARC also sees higher corporate issuances, driven by unrated government-guaranteed bonds
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Malaysian Rating
Corp Bhd (MARC) expects foreign
holdings of Malaysian Government
Securities (MGS) and Government
Investment Issues (GIIs) to contin-
ue to rise going forward, following
the sell-off by foreigners between
last November and March this year.
MARC chief economist Nor Za-
hidi Alias said foreign holdings of
MGS reduced significantly during
the period, and this would likely
translate into lower volatility in the
near term.
Their holdings were pared down
after Donald Trumps victory in the
November 2016 US presidential elec-
tion and Bank Negara Malaysias
(BNM) clampdown on the ringgit
non-deliverable forward market, he
said in MARCs 2H2017 Bond Mar-
ket Outlook: More Hawkish Speak
report released yesterday.
In 1Q17 (first quarter of 2017),
net foreign outflows from the sell-off
of local MGS totalled RM34.3 billion,
equivalent to 91.7% of total outflows
coming from ringgit bonds.
Matang looking to buy two plots
of land in Raub for RM180m
BY W O N G EE L I N
KUALA LUMPUR: Matang Bhd is
looking to acquire two contigu-
ous parcels of leasehold agricul-
tural land in Raub, Pahang, which
measure a total of 4,219.79 acres
(1,707.69ha) for RM180 million.
In a filling with Bursa Malaysia
yesterday, Matang said it had is-
sued a letter of intent (LoI) to Raub
Mining & Development Company
[But] thanks to the renewed
strength of the ringgit and meas-
ures introduced by BNM, sentiments
among foreign investors have im-
proved and foreign funds have start-
ed coming back to the local MGS
market, he said.
He added that investor sentiment
is improving, and pointed to the
two-month consecutive pickup in
foreign holdings in April and May.
In June, the proportion of foreign
holdings rose to 27.2%, compared
with 25.8% as at March.
However, the rise in foreign hold-
ings is expected to be moderate amid
the US Federal Reserves (Fed) move
to tighten monetary policy, coupled
with further releases of positive US
economic data, he said.
The rating agency, which expects
BNM to keep the overnight policy
rate at 3% for the rest of 2017, also
maintained its 2017 MGS and GII
issuance forecasts.
It expects gross issuance of local
govvies to be between RM105 bil-
lion and RM110 billion, based on
the finance ministrys budget deficit
projection of RM40.3 billion, and the
Sdn Bhd (RMDC) and Raub Oil Mill
Sdn Bhd (ROM), setting out its in-
tention to buy the plots.
The proposed purchase will in-
clude the oil palm plantation, build-
ings, plant, machinery, equipment
and a palm oil mill on the land, as
well as vehicles and stocks of the
aforesaid plantation and mill, said
Matang.
Matang said the LoI is not in-
tended to be legally binding for
HOME BUSINESS 5
suances rising 43.8% and 123.7%
Net foreign inows expected to be stable; pickup in foreign year-on-year respectively. Ongoing
holdings will be moderate mega infrastructure developments
(RM mil) (%)
will boost issuances in the GG seg-
15,000 21 ment, he added.
10,000 20 With ratings no longer manda-
5,000
19
tory, corporates will increasingly
- raise funds via the unrated bond
(5,000) 18
route as it means lower issuing costs.
(10,000) 17 Corporates with financing require-
MGS GII
(15,000)
Others Foreign holdings of 16 ments could be motivated to raise
(20,000)
ringgit bonds (RHS) 15
funds ahead of the impending tighter
(25,000)
global monetary environment with
(30,000) 14
monetary policy normalisation and
Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
March
April
May
June
hawkish central bankers, said Nor
2016 2017 Zahidi.
Sources: CEIC, MARC Fixed Income Research
The agency also expects MGS
and corporate bond yields to trend
higher in 2017, on the prospect of a
third rate hike by the Fed.
RM66.8 billion maturing MGS and MARC had revised upwards its pro- However, it foresees no sharp
GIIs this year. jection of corporate issuances in 2017 yield movements as investors are
Taking all this as well as the total to between RM90 billion and RM100 expected to come to terms with the
funds raised in the first six months billion, from its previous forecast of Trump presidency, while central
of the year into consideration, the RM75 billion to RM85 billion. banks are expected to become clear-
average issue size of each govern- He said this was due to the ris- er in their policy direction.
ment bond offering in 2017 will likely ing trend of the unrated govern- MARC also revised its average 10-
come in between RM3 billion and ment-guaranteed (GG) bond and year MGS yield forecast to between
RM3.3 billion, he said. unrated corporate bond segments 3.9% and 4.4%, from between 4%
Meanwhile, Nor Zahidi said in the first half of the year, with is- and 4.5% previously.
O&C Resources bags RM324m
PPA1M turnkey project in Putrajaya
BY AHM AD N AQ IB ID R IS agreement with Putrajaya Corp,
giving DRJ the right to develop the
KUALA LUMPUR: O&C Resources PPA1M project and a commercial
the parties until and unless with a Bhd (OCR) has bagged a RM324 portion not under PPA1M.
formal definitive agreement and million turnkey contract to build OCR said it had also signed a
other relevant documentation. houses under the 1Malaysia Civil commercial and collaboration
Upon the acceptance of the Servants Housing Project (PPA1M) agreement with DRJ for the com-
LoI by RMDC and ROM, the par- in Precinct 5, Putrajaya. mercial portion, for which OCR will
ties shall commence the process of In a filing with Bursa Malaysia be entitled to 80% of the profit and
due diligence and negotiations in yesterday, OCR said it had received DRJ the remaining 20%.
good faith to finalise and agree on a letter of award from Damansara OCR said it will source its own
the sale and purchase agreement Realty (Johor) Sdn Bhd (DRJ) to financing for the four-year project,
and other related documentation undertake the project on an 11.9- which is not expected to contribute
for the purchase of the assets, said acre (4.82ha) site. On Oct 14, 2016, to its earnings and net assets for the
Matang. DRJ entered into a development financial year ending July 31, 2017.
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6 HOME BUSINESS
Decision on TPP
likely at November
Apec summit
Malaysias current focus is however on RCEP, says Mustapa
BY N E I LY SYA FI QA H EU SO FF
SUBANG JAYA: Talks on the
Trans-Pacific Partnership (TPP)
agreement are proceeding and a
decision could be made during
the Asia-Pacific Economic Co-
operation (Apec) summit in No-
vember, said International Trade
and Industry Minister Datuk Seri
Mustapa Mohamed.
In November, there is an Apec
meeting in Manila. We will be
meeting leaders and ministers
dealing with the TPP agreement
and [there] may be a decision
then, he told reporters after of-
ficiating at the Asian Strategy &
Leadership Institute National Eco-
nomic Summit yesterday.
Mustapa said Malaysia remains
open to changes to the TPP agree-
ment mooted by other participat-
ing countries.
My ministry and the Malay-
sian team fought hard for [a] fair
deal in the best interest of Ma-
laysia while also adhering to the
principles of fair and open trade,
he said.
The TPP agreement was signed
by 12 nations, including Malaysia,
on Feb 4, 2016.
[But] with the withdrawal by
US President Donald Trumps
administration, the other [11]
signatories are now looking at
options to bring the agreement
into force.
He said negotiators from the 11
countries met in Hakone, Japan
last week to finalise the options.
The minister said Malaysia is
currently focusing on the Regional
Axiata, major shareholders call off
strategic review to sell M1 stakes
BY A H M A D NAQ I B I D RI S
KUALA LUMPUR: Axiata Group
Bhd and other major share-
holders of Singapores M1 Ltd
Keppel Telecommunications
& Transportation Ltd and Singa-
pore Press Holdings Ltd have
called off the strategic review to
dispose of their stakes in M1, as
proposals from interested par-
ties did not meet the minimum
criteria.
The majority shareholders
have taken into consideration
other proposals from inter-
Mustapa: Some progress towards
achieving substantial conclusion has
been made and this will be further
discussed at the next meeting. Photo by
Bernama
Comprehensive Economic Part-
nership (RCEP), which could be
finalised early next year.
RCEP is a trade deal being ne-
gotiated among 16 countries in-
cluding Australia, China, India,
Japan, New Zealand, South Korea
and Asean nations.
Mustapa said to date, the par-
ticipating countries have met a
number of times and the next
meeting will be in Hyderabad,
India next week.
S o m e p ro g re s s t ow a rd s
achieving substantial conclu-
sion has been made and this will
ested parties, which, despite
a favourable level of interest,
have not met the minimum cri-
teria and parameters as deter-
mined by the majority share-
holders.
For the avoidance of doubt,
no arrangement or agreement
with any third party has been
reached in relation to each ma-
jority shareholders respective
shareholdings in M1 Ltd, said
Axiata in a filing yesterday.
In March, the group an-
nounced it was undertaking a
strategic review of its stake in
be further discussed at the next
meeting.
Mustapa has also said Ma-
laysias first-quarter economic
growth of 5.6%, against 4.2% a
year earlier, is very good.
In a couple of weeks, [the]
growth number for [the second
quarter] will be out. The outlook
for 2017 has been quite positive
on the back of good trade and
investment numbers.
However, he added that despite
the positive buzz, one should not
forget about the challenges in-
volved.
The challenges include tack-
ling the increasing unemployment
rate among youths, currently at
10%, as well as volatility in the
commodities sector, he said.
On the resolution by the Euro-
pean Parliament for the Europe-
an Union (EU) to curb imports of
palm oil, Mustapa said it is unfair
and goes against global trade rules.
Malaysia and Indonesia plan
to file a complaint to the World
Trade Organization (WTO).
We cannot lodge a joint com-
plaint to WTO now. Malaysia and
Indonesia will only have the right
to do so if and when the resolution
to discriminate against palm oil
becomes the EUs official policy.
Mustapa said the cabinet had
deliberated on the issue a few
times and discussed some retal-
iatory measures, including can-
celling the purchase of French
products like fighter jets and cars.
But we have not reached that
stage yet and we are not there yet.
We still have Peugeot in Malaysia.
M1, but said there was no as-
surance of any transaction or
agreement that will materialise
from the review.
According to data compiled
by Bloomberg, Axiata holds a
28.54% stake in M1, via its unit
Axiata Investments Ltd, while
Keppel Telecommunications &
Transportation and Singapore
Press hold 19.23% and 13.38%
respectively.
Axiata shares rose one sen
or 0.22% to RM4.65 yesterday,
with it a market capitalisation
of RM41.84 billion.
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
EDITORS PICKS FROM
theedgemarkets.com
Stone Master MD Koh axed,
seven new directors named
BY S A MA N T H A H O
KUALA LUMPUR: After months
of power wrangling, Stone Master
Corp Bhd has officially axed its
managing director (MD) Datuk
Koh Mui Tee, together with ex-
ecutive director Datuk Lee Hwa
Cheng, after the group withdrew
its lawsuit against the new board
on Monday.
The group also announced its
new board line-up of seven di-
rectors, including its chairman,
in a series of filings with the
stock exchange yesterday. The
appointments were first made at
the groups extraordinary general
meeting (EGM) on May 30.
Pursuant to the Kuala Lum-
pur High Court order on June 28,
Datuk Eii Ching Siew @ Yii Ching
Siew remains and continues to be
a director of the company, the
group said.
To recap, Eii and Datuk Karen
Lee Fong Yin, who both own the
largest stakes of 9.45% and 22.29%
respectively in Stone Master, were
the ones who called for the EGM
to remove Koh and Hwa Cheng
as directors.
On June 14, the High Court set
aside an interim injunction against
the EGM that had blocked Fong
Yin and Eii from setting up a new
board of directors, while Koh and
Hwa Cheng remained in office.
The court also ordered that any
property belonging to the com-
pany, including books, records
and the Bursalink password, be
surrendered to Fong Yin.
The announcements yesterday
also highlighted that Koh and Hwa
Berjaya Sports Toto ups stake in 7-Eleven
BY WO N G E E L IN
KUALA LUMPUR: Berjaya Sports
Toto Bhd has acquired 5.4 million
shares, representing a 0.49% equity
interest, in 7-Eleven Malaysia Hold-
ings Bhd for RM7.38 million, at an
average price of RM1.37 per share.
In a filing with Bursa Malay-
sia, Berjaya Sports Toto said the
shares were acquired in the open
market between July 4 and last
Friday through its 88.26%-owned
subsidiary Berjaya Philippines
Inc (BPI), which is listed on the
Yeow Tiang Hui is new Alkhair
International Islamic Bank CEO
BY S A MA N T H A H O
KUALA LUMPUR: Alkhair Inter-
national Islamic Bank Bhd (Akiib)
has appointed Yeow Tiang Hui as
chief executive officer (CEO) of
the bank from Aug 1.
He replaces Datuk Adissadik-
in Ali, who left the bank in 2016
to head RHB Islamic Bank Bhd.
In a statement yesterday,
Akiib said prior to his new role,
Cheng had supported transactions
that were disputed by the Securi-
ties Commission Malaysia, result-
ing in legal action being brought
against them.
Meanwhile, Stone Master said
Datuk Abdul Aziz Mohamed is
now its independent and non-ex-
ecutive chairman. Abdul Aziz was
previously the executive chairman
of the company from 2002 to 2011.
Ma Jee Choong and Tan Wee
Hock were appointed as non-in-
dependent executive directors,
while Ananda Kumar Ramayah,
Low Eng Tack, Datuk Ng Boon
Siong and Foo Chooi Wai were
appointed as independent non-ex-
ecutive directors.
Separately, Stone Master said
the Kuala Lumpur High Court had
dismissed an interlocutory injunc-
tion filed by Quantum March Sdn
Bhd against the company and Eii,
Fong Yin and Leong Wei Ping, in
relation to a legal action it was
bringing against them for conspir-
acy to defame and cause economic
damage, with RM5,000 as costs.
Stone Master also instructed its
solicitors to file an application to
strike out the lawsuit, which was
claiming RM20 million for loss of
reputation and general damages
to be awarded by the court.
Quantum March is the buyer of
Stone Masters 23 exclusive agree-
ments with principals from China
to supply the group building ma-
terials for distribution in Malaysia.
Koh had previously said Stone
Master was compelled to dispose
of the exclusive agreements to
Quantum March because it was
short of funds to run the business.
Philippine Stock Exchange (PSE).
Following the acquisition,
the issuer now holds a total of
11.3 million shares representing
1.02% equity interest in 7-Elev-
en, said BPI in an attached an-
nouncement to the PSE.
BPI said the acquisition was
funded by its internal funds.
Berjaya Sports Toto shares
closed down six sen or 2.52% at
RM2.32 yesterday, with 4.3 mil-
lion shares exchanging hands
with a market capitalisation of
RM3.13 billion.
Yeow had worked with several
multinational banks, including
managing the multinational cor-
poration portfolio at Deutsche
Bank and as vice-president of
Citibank/Citicorpss venture
capital outfit and head of com-
mercial banking.
Yeow was also the Malay-
sian country head of the French
banking group Crdit Industriel
et Commercial from 1997 to 2005.
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
SC reviews guidelines
It is taking a relook at due diligence conduct for corporate proposals
BY S UPR I YA SU REND RA N
KUALA LUMPUR: The Securi-
ties Commission Malaysia (SC)
is in the process of reviewing the
Guidelines on Due Diligence Con-
duct for Corporate Proposals to
enhance the effectiveness of the
process carried out for corporate
proposals.
SC deputy chief executive Datuk
Ahmad Fairuz Zainol Abidin said
the revised guidelines will provide
due clarity on standards and expec-
tations, as well as accountability of
Internal controls in place
for LEAP market Bursa
BY S UPR I YA SU REND RA N
KUALA LUMPUR: Bursa Malaysia
stressed yesterday that although
companies listed on its soon-to-be
launched Leading Entrepreneur Ac-
celerator Platform (LEAP) market
do not need to have independent
directors and an audit committee,
there are sufficient internal controls
put in place.
We look at three things [with
regard to the LEAP market] con-
flicts of interest, public interest and
corporate governance, said Bursa
chief operating officer Datin Azali-
na Adham (pic).
The governance team on Bur-
sa does evaluate the processes to
ensure that there are sufficient in-
ternal controls in place, she said.
So, while the LEAP market may not
call for a formal audit committee
or an independent director, there
is already the need for proper inter-
nal controls and processes within.
Azalina said that while the
bourse regards LEAP market-list-
ed companies to be too young
to be burdened with requirements
of formal committees, it does not
mean these companies do not need
BNM says no marked improvement seen in housing affordability
BY SA M A NTHA H O
KUALA LUMPUR: Eligible buyers
of affordable homes have and will
continue to have access to financ-
ing, said Bank Negara Malaysia
(BNM) yesterday, as it highlight-
ed that the hindrance to home
ownership is the affordability of
homes, an issue which has yet to
show significant improvement.
It said in a statement that the
average national house price re-
mains at 4.4 times median in-
come the affordable range
is 3.0 and below with lower
affordability recorded for some
each party involved.
The review process will involve
collaboration with industry as well
as legal and accounting profes-
sionals, he said during his key-
note address at the Capital Market
Conference 2017 organised by the
Malaysian Institute of Accountants
yesterday.
The SCs present due diligence
guidelines have been in effect from
Feb 1, 2008, with the purpose of set-
ting out the obligations and stand-
ards expected of relevant parties
in respect of the scope and quali-
to worry about governance.
Speaking to accounting profes-
sionals at the Capital Market Con-
ference organised by the Malaysian
Institute of Accountants, Azalina
pointed out that companies listed
on the LEAP market also do not
need to submit quarterly financial
reports and annual reports. They
are only required to come out with
semi-annual financial reports and
annual audited accounts.
The LEAP market seeks to ac-
commodate companies includ-
ing small and medium enterprises
(SMEs) that have higher invest-
major states and urban cities.
Based on National Property
Information Centre data, less than
30% of new housing launches in
2015 to 2016 were for houses priced
less than RM250,000, compared
with 70% during the 2008 to 2009
period, it noted.
Referring to calls made by cer-
tain parties to review housing loan
criteria, the central bank said these
comments had caused confusion
and were not based on facts and
accurate information, and it reit-
erated that access to financing is
not the primary issue of afforda-
ble housing.
ty of due diligence undertaken in
the preparation and submission
of corporate proposals to the SC.
Ahmad Fairuz said financial in-
formation has been described as
the lifeblood of capital markets.
Investors require information
that they can trust, so they can make
informed investment decisions.
And it is rightfully so that they
can expect the businesses that they
do invest in to be continuously
transparent and honest about their
financial performance and the way
the business is governed, he said.
ment risk when compared with other
companies listed on the exchange.
It is a qualified market meant for
sophisticated investors only. For
individuals, this pertains to high
net worth individuals that have
total assets exceeding RM3 million
or an annual income exceeding
RM300,000, or a husband and wife
with a combined annual income
exceeding RM400,000.
For corporates, this pertains to
those that have net assets exceed-
ing RM10 million.
Azalina shared a study by con-
sulting firm Oliver Wyman which
stated that the capital market could
provide up to 20% of the financing
needs of SMEs.
Based on SME Corp data, finan-
cial institutions fund approximately
96% of total SME financing, with the
capital market providing less than 4%.
The proposed LEAP market
could address the overdependency
by providing access to the capital
market, she said.
The LEAP market will be
launched by Prime Minister Da-
tuk Seri Najib Razak at the opening
of the annual Invest Malaysia Kuala
Lumpur event on July 25.
If the issue of affordable hous-
ing is to be resolved, all parties
must be clear about the root cause
of the matter and honestly strive to
help those affected by it, it added.
It went on to share that RM40
billion of housing loans was ap-
proved in the first five months of
2017 to more than 152,000 bor-
rowers, and that three quarters of
them were first-time house buyers.
The approval rate of housing loans
has also been stable at 74%, it said.
Banks have also introduced
more flexible financing solutions
to improve affordability, such as
that offered for PR1MA (1Malay-
HOME BUSINESS 7
IHH eyes new asset buys in India
with controlling stakes report
BY S ANG E E T H A A MA RT H A L IN G A M
KUALA LUMPUR: IHH Healthcare
Bhds wholly-owned Singapore unit
Parkway Pantai Ltd is on the prowl
in India for large hospitals in which
it can take a controlling stake, ac-
cording to Parkway Pantais chief
executive officer for Indian oper-
ations, Ramesh Krishnan.
It was reported that IHH was
interested in buying Fortis Health-
care. Though it told Bursa Malaysia
last month that it was not close to
concluding any deal, it acknowl-
edged that it was evaluating op-
portunities in India. On Monday,
The Hindu Business Line, quoting
Ramesh, reported that hospitals in
India are now ripe for the picking.
There is readiness for consoli-
dation, there are hospital promoters
willing to let go and there are good
assets available, but it depends on
what you are looking for, Ramesh
was quoted as saying in Mumbai by
the Indian publication. While the
search is for large hospitals in big
cities, the key factor is for IHH to
get a controlling 51% stake, he said.
Hyderabad, he highlighted, is one
market poised for consolidation,
with four to five assets in trouble
at any one point. The same could be
seen in other cities, he said, though
no other names were cited.
IHH is already in Hyderabad. It
acquired a 51% stake in Hydera-
bad-based Continental Hospitals Pvt
Creador invests RM180m in Paras
Healthcare in India
BY WO NG EE L IN
KUALA LUMPUR: Commelina Ltd,
an affiliate of Creador III LP, has in-
vested RM180 million for a minor-
ity stake in a North Indian hospital
chain, Paras Healthcare Pvt Ltd.
Paras operates five hospitals
with 730 beds in total, offering sec-
ondary and tertiary care services.
Apart from establishing the first
multi-specialty hospital in Gur-
gaon, Darbhanga and Patna, it also
has two mother and child hospitals
in New Delhi and Panchkula, said
Creador in a statement yesterday.
The firm said the Indian health-
care market is highly underserved
sia Peoples Housing Programme)
homes. Outstanding housing loans
continued to outpace overall loan
growth, increasing by 8.6% year-
on-year to RM493 billion as at end-
May 2017, it added.
Meanwhile, it said responsible
financing guidelines are in place
to protect the interests of borrow-
ers by ensuring that they borrow
within their capacity to honour
their financial obligations.
Housing loans rejected by bank-
ing institutions mostly involve bor-
rowers with high levels of pre-ex-
isting debt obligations that would
expose them to severe financial risk
Ltd for Rs 310 crore in March 2015. In
August 2015, it bought a 73.4% stake
in Global Hospitals (Ravindranath
GE Medical Associates Pvt Ltd) for
Rs 1,284 crore, with some 1,100 op-
erational beds in Hyderabad, Ben-
galuru, Chennai and Mumbai when
IHH came into the picture.
But it has been about two years
since then, and the groups appetite
is far from satiated, Ramesh said.
IHHs strategy will continue to be
skewed towards inorganic growth,
he said, as greenfield projects come
with the challenge of having to get
approvals and setting them up.
Asked if healthcare mirrors
pharmaceuticals, where promot-
ers expect high valuations for as-
sets, Ramesh said: If you purely
base that judgement on valuation
of multiples alone, you will find
Indian multiples to be high.
But this is just one of the param-
eters of doing a valuation, he noted.
To IHH or Parkway Pantai, en-
tities are evaluated by the niche
clinical work they do, not the in-
frastructure or bed numbers they
have. With Global Hospitals, the
unique feature was its liver trans-
plant expertise, and Parkway expects
to grow this into a multi-organ trans-
plant service, he said, admitting that
promoter-run hospitals sometimes
have corporate governance issues,
but that IHH would ensure that such
concerns are first cleaned up be-
fore it puts money in.
with nine beds per 10,000 popula-
tion (global average: 30 beds).
Overall healthcare expenditure
of US$160 billion has increased at
[a] 17% compound annual growth
rate for the last 10 years, and private
players have become a larger part
of the overall pie, said Creador.
Paras has always envisioned
itself to be a contributor in the
changing landscape of healthcare
in North India and work on the
healthcare divide present where
70% of doctors and hospitals are
located in metropolitan cities ca-
tering to only 30% of the popula-
tion, said Paras managing director
Dr Dharminder Nagar.
if further debt is extended.
For such borrowers, the risk of
foreclosure is significantly higher,
and they are much more likely to
fall into financial hardship in the
event of income shocks or large
medical expenses, said BNM.
Solutions to affordable housing,
stressed BNM, need to address
the shortage of affordable houses
and high house prices relative to
income instead.
Housing developers working
together with [the] authorities and
relevant stakeholders should there-
fore intensify efforts to reduce costs
and accelerate supply, it added.
8 ST O C KS W I T H M O M E N T U M WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

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ALLIANZ MALAYSIA BHD (+ve) ALLIANZ MALAYSIA BHD FY14 FY15 FY16 FY2017Q1
(ALL FIGURES IN MYR MIL) 31/12/2014 31/12/2015 31/12/2016 31/3/2017
SHARES in Allianz Malaysia Bhd (fundamen- On Monday, it said it expects to see up to
tal: 0.55/3, valuation: 1.5/3) closed two sen 10 more partnerships launched this year. The Financials
or 0.14% higher at RM13.82 yesterday, with group has been scaling up its partnerships Gross premium earned 4,000.8 4,088.1 4,182.8 1,079.1
1.27 million shares done, compared with its to diversify its digital offerings. Net earned premiums 3,254.3 3,504.3 3,690.5 956.8
200-day average of 89,145 shares. The group has formed 16 partnerships Total operating income 3,660.0 3,945.2 4,239.4 1,240.0
The financial services group is main- in Asia over the past 18 months, with three Net claims 2,290.0 2,469.7 2,677.9 823.8
ly involved in general insurance, offering based in Malaysia. Management expenses 470.4 494.1 546.1 155.7
products such as motor, life, health and in- At its current share price, Allianz is trad- Net underwriting prot 17.9 (2.6) (94.3) (174.6)
vestment-related insurance. ing at 0.81 times its book value. Net prot - owners of company 295.9 308.9 312.1 67.2
Total assets 12,176.1 13,617.4 14,912.4 15,380.4
ALLIANZ MALAYSIA BHD Valuation score* 1.50 Total liabilities 9,886.3 10,996.1 12,032.9 12,429.4
Fundamental score** 0.55 Shareholders' fund 2,289.8 2,621.3 2,879.5 2,951.0
TTM P/E (x) 7.87
TTM PEG (x) (10.62)
ALLIANZ MALAYSIA BHD FY14 FY15 FY16 ROLLING 12-MTH
P/NAV (x) 0.82
TTM Dividend yield (%) 0.65 RATIOS 31/12/2014 31/12/2015 31/12/2016

Market capitalisation (mil) 2,407.69 EPS () 178.45 183.07 182.29 177.63

DPS ($) 0.05 0.07 0.09 0.09
Shares outstanding (ex-treasury) mil 174.47
Net asset per share ($) 13.67 15.48 16.58 16.91
Beta 0.39 Gross premium growth (%) 20.13 2.18 2.32 1.79
12-month price range 9.51-13.82 Net prot growth (%) 24.37 4.38 1.06 (0.74)
*Valuation score - Composite measure of historical return & valuation Net claims ratio (%) 70.37 70.48 72.56 73.17
**Fundamental score - Composite measure of balance sheet strength Underwriting margin (%) 0.55 (0.07) (2.55) (4.17)
& protability Net margin (%) 6.76 6.83 6.67 6.48
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
ROA (%) 2.58 2.39 2.19 2.16
ROE (%) 13.72 12.58 11.35 11.25

FORMOSA PROSONIC INDUSTRIES BHD (-ve) FORMOSA PROSONIC INDUSTRIES BHD FY14 FY15 FY16 FY2017Q1
(ALL FIGURES IN MYR MIL) 31/12/2014 31/12/2015 31/12/2016 31/3/2017
SHARES in Formosa Prosonic Industries RM8.94 million or 3.6 sen per share, from
Bhd (fundamental: 2.5/3, valuation: 1.4/3) RM793,000 or 0.3 sen per share in 1QFY16, Financials
triggered our momentum algorithm yester- due to higher sales and foreign exchange Turnover 252.1 310.0 343.8 75.5
day for the seventh time this year. gains. EBITDA 18.7 26.4 16.3 12.8
The counter closed up three sen or 2.94% Quarterly revenue grew 9.19% to RM75.53 Interest expense 0.0 0.0 0.0 0.0
at RM1.05, with 1.23 million shares done, million, from RM69.17 million. The improved Pre-tax prot 8.6 21.6 16.1 10.7
compared with its 200-day average volume of sales were due to higher customer orders. Net prot - owners of company 7.6 19.4 13.5 8.9
232,946 shares. Over the past 12 months, the Besides Malaysia, the group also derives Fixed assets - PPE 84.7 93.9 104.7 103.1
stock price has climbed 34.62% from 78 sen. sales from the UK. Total assets 289.2 287.0 290.2 284.7
In its first quarter ended March 31, 2017 At the current share price, Formosa is Shareholders' fund 243.9 252.8 251.9 245.5
(1QFY17), net profit surged 11 times to trading at 1.06 times its book value. Gross borrowings - - - -
Net debt/(cash) (148.9) (158.2) (170.6) (168.6)
FORMOSA PROSONIC INDUSTRIES BHD Valuation score* 1.40
Fundamental score** 2.50
TTM P/E (x) 11.63 FORMOSA PROSONIC INDUSTRIES BHD FY14 FY15 FY16 ROLLING 12-MTH
TTM PEG (x) (17.88) RATIOS 31/12/2014 31/12/2015 31/12/2016
P/NAV (x) 1.03 DPS ($) 0.03 0.07 0.06 0.06
TTM Dividend yield (%) 5.88 Net asset per share ($) 0.99 1.02 1.02 0.99
Market capitalisation (mil) 252.31 ROE (%) 3.08 7.80 5.37 8.82
Turnover growth (%) (53.57) 22.95 10.91 4.37
Shares outstanding (ex-treasury) mil 247.36
Net prot growth (%) (65.23) 155.17 (30.06) (0.65)
Beta 0.33 Net margin (%) 3.01 6.25 3.94 6.19
12-month price range 0.70-1.02 ROA (%) 2.59 6.72 4.69 7.68
*Valuation score - Composite measure of historical return & valuation Current ratio (x) 2.85 2.66 3.06 3.12
**Fundamental score - Composite measure of balance sheet strength Gearing (%) - - - -
& protability Interest cover (x) 24,167.81 157,059.23 190,092.20 763.15
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

SKP RESOURCES BHD (+ve) SKP RESOURCES BHD FY14 FY15 FY16 FY2017Q4
(ALL FIGURES IN MYR MIL) 31/3/2014 31/3/2015 31/3/2016 31/3/2017
SHARES in SKP Resources Bhd (fundamen- year, on higher revenue from existing key
tal: 2.1/3, valuation: 2.1/3), which triggered customers in FY17. Financials
our momentum algorithm yesterday for the Quarterly revenue was up almost three- Turnover 412.8 619.3 1,015.4 586.5
first time this year, closed two sen or 1.53% fold to RM586.54 million, from RM196.29 EBITDA 46.6 63.9 122.1 49.3
higher at RM1.33. million in FY16. Interest expense - - 2.8 0.8
Some 10 million shares were traded, about For FY17, net profit grew 28.2% to Pre-tax prot 39.8 55.8 101.4 44.5
five times the 200-day average volume of RM104.51 million or 8.93 sen per share, Net prot - owners of company 29.3 42.3 81.5 33.1
2.15 million. from RM81.55 million or 7.47 sen per share; Fixed assets - PPE 79.0 178.6 193.1 197.1
Its net profit for the fourth quarter ended revenue surged 91.4% to RM1.94 billion, Total assets 228.1 166.6 369.9 482.6
March 31, 2017 (4QFY17) climbed 57% to from RM1.02 billion. Shareholders' fund 220.1 152.0 338.2 456.8
RM33.13 million or 2.78 sen per share, from At the current share price, SKP Resources Gross borrowings - - 53.5 73.5
RM21.08 million or 1.89 sen per share last is trading at 3.5 times its book value. Net debt/(cash) (94.8) (83.4) (19.6) (42.8)

SKP RESOURCES BHD Valuation score* 2.10

Fundamental score** 2.10 SKP RESOURCES BHD FY14 FY15 FY16 ROLLING 12-MTH
TTM P/E (x) 15.67 RATIOS 31/3/2014 31/3/2015 31/3/2016
TTM PEG (x) 0.56 DPS ($) 0.02 0.02 0.04 0.04
P/NAV (x) 3.58 Net asset per share ($) 0.24 0.17 0.30 0.37
TTM Dividend yield (%) 2.50 ROE (%) 14.00 22.75 33.24 29.53
Market capitalisation (mil) 1,637.75 Turnover growth (%) (2.49) 50.03 63.96 91.42
Net prot growth (%) (25.86) 44.34 92.53 28.16
Shares outstanding (ex-treasury) mil 1,250.19
Net margin (%) 7.10 6.83 8.02 5.38
Beta 0.88 ROA (%) 13.50 21.45 30.38 27.06
12-month price range 1.12-1.43 Current ratio (x) 2.94 0.96 1.94 1.47
*Valuation score - Composite measure of historical return & valuation Gearing (%) - - - -
**Fundamental score - Composite measure of balance sheet strength Interest cover (x) - - 43.48 49.64
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
Why millennials arent buying
Student debt is a major reason New York Fed study
BY S H A H I EN N A SI RI POU R
NEW YORK: College tuition hikes and
the resulting increase in student debt
burdens in recent years have caused
a significant drop in home ownership
among young Americans, according
to new research by the Federal Re-
serve Bank (Fed) of New York.
The study is the first to quantify
the impact of the recent significant
rise in college-related borrowings
student debt has doubled since
2009 to more than US$1.4 trillion
(RM6.01 trillion) on the decline in
Chill descends on Toronto housing
BY J O SH W I N GROVE
& E R I K H ERT ZB ERG
OTTAWA: Canadas hottest housing
market is definitely cooling down.
Total home sales in Greater To-
ronto dropped to 5,977 in June, the
lowest level since 2010 and down
15.1% from the month prior, data
from the Canadian Real Estate Asso-
ciation (CREA) show. Average prices
are down 14.2% since March the
fastest three-month decline in the
history of the data back to 1988
while the ratio of sales to new listings
sits at its lowest level since 2009.
The June data comes after a se-
ries of measures by policymakers to
tighten access to the market and
before the Bank of Canada hiked its
benchmark interest rate last week,
the first increase since 2010 that will
further pinch mortgage eligibility.
Prices and sales also fell in nearby
regions such as Hamilton-Burlington
and Kitchener-Waterloo, CREA data
show. Changes to Ontario housing
policy made in late April have clearly
prompted many homebuyers in the
Greater Golden Horseshoe region to
home ownership among Americans
ages 28 to 30.
The news has negative implica-
tions for local economies where debt
loads have swelled and workers pay
cheques arent big enough to counter
the impact. Home buying typically
leads to additional spending on
furniture, gardening equipment and
repairs so the drop is likely affecting
the economy in other ways.
As much as 35% of the decline in
young American home ownership
from 2007 to 2015 is due to higher
student debt loads, the researchers
take a step back and assess how the
housing market absorbs the changes,
Gregory Klump, CREA chief econo-
mist, said in a written statement, re-
ferring to Toronto and its surrounding
communities.
Sales also fell 4% from the previ-
ous month in Vancouver, the coun-
estimate. The study looks at all 28- to
30-year-olds, regardless of whether
they pursued higher education, sug-
gesting the fall in home ownership
among college-goers is likely even
greater (close to half of young Amer-
icans did not attend college).
Theres a good chance the num-
ber of millennials kept from buying
homes because of their student loans
which have only grown since the peri-
od the economists studied. As the cost
of tuition has risen, total student debt
has increased 13%, and in every new
class there are graduates with more
trys other hot real estate market,
to 3,047 residential units. Greater
Vancouver remains Canadas most
expensive market with an average
price of C$1.04 million (RM3.54 mil-
lion), down 3.2% from May.
Lawmakers, concerned that es-
calating prices could lead to a disor-
student debt than the preceding one.
The consequences could reverberate
for decades as more young Americans
are locked out of purchasing property,
the primary way that US households
build wealth. With less wealth, mil-
lennials could cut their spending as
they attempt to build their net worth.
The US economy has historically de-
pended on household spending for
roughly 70% of its growth.
The negative impact of heavier
student debt burdens represents the
flip side of the view that more edu-
cation, regardless of its cost, benefits
derly correction, had imposed meas-
ures including tightened mortgage
eligibility rules and a tax on foreign
buyers. Torontos market has lost
momentum, while in Vancouver
sales plummeted last year on similar
measures but have since rebounded.
Toronto benchmark prices tak-
P R O P E RT Y 9
the US. While todays 25- to 34-year-
olds are more highly educated than
their predecessors, thats because
the federal government has plowed
nearly US$1 trillion in loans, grants
and tax credits to college students
since 2010.
Most recent college students are
struggling with their loans, according
to the New York Fed. More than half
of students who left college in 2009
had defaulted having missed at
least four months of required pay-
ments or were facing higher loan
balances five years later. Bloomberg
ing into account the types of homes
sold fell 0.7% in June, the most
since 2010, although theyre still up
5% over the past three months, the
real estate association reported.The
bulk of the cool-down is in regions
affected by Ontarios new foreign
buyers tax, Bank of Montreal econo-
mists Doug Porter and Robert Kavcic
wrote in a research note on Monday.
A rebalancing of sales-to-listing ra-
tios has taken some serious steam
out of pricing power, they wrote.
The economists expect Toronto to
follow Vancouvers path price
adjustment at the top of the mar-
ket with less impact at lower prices.
Meanwhile, cities like Montreal and
Ottawa look strong.
The Canadian housing market
is chock-full of unique stories, both
positive and negative, Porter and
Kavcic said.
Home sales in Canada overall
were down 6.7% from the previous
month, while the average price fell
to C$491,770, down 3.4% from the
previous month. Average prices re-
mained up 0.4% from the previous
year. Bloomberg
10 B R O K E R S C A L L / T E C H N I C A L S WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Mild technical rebound expected

BY B E N NY L EE indicator, and the Cloud is chang-
ing direction.
Momentum of the bearish trend
has been slightly weaker in the past

T
he local market bucked
the global market trend
last week, despite
Bank Negara Malay-
sias (BNM) decision
to keep the overnight
policy rate (OPR) at 3% last Thursday.
The market wasnt too optimistic and
the FBM KLCI failed to rebound last
Friday. On a weekly basis, the FBM
KLCI declined 0.3% to 1,755 points
last Friday. The market had been
flat since last Friday and the index
closed at 1,754.92 points yesterday.
Trading activity increased
quite significantly last week.
The average daily trading vol-
ume increased from 1.6 billion
shares two weeks ago to 1.9 bil-
lion shares. However, the aver-
age daily trading value increased
from RM1.8 billion to only RM1.9
billion. This indicates that more
lower-capped counters, which are
normally traded by retail market
players, were being traded.
Last week, foreign institutions
were buying as the ringgit strength-
ened slightly against the US dollar.
Net buying from foreign institu-
tions was RM305 million, while
net selling from local institutions
and retailers were RM273 million
and RM32 million respectively. The
ringgit strengthened from RM4.30
two weeks ago to RM4.29 to a US
dollar last Friday.
Gainers outweighted decliners
17 to 11 on the FBM KLCI. The top
gainers for the week were Genting
Daily FBM KLCI chart as at July 14, 2017.
Malaysia Bhd (+3.9% in a week to
RM9.55), Hong Leong Financial
Group Bhd (+3.5% to RM17.02)
and KLCC Properties & REITS
Stapled Securities Bhd (+2.1% to
RM7.90). The top decliners were
DiGi.Com Bhd (-6.8% to RM4.66),
Petronas Chemicals Group Bhd
(-3.4% to RM6.85) and CIMB Group
Holdings Bhd (-3.2% to RM6.34).
Global markets were general-
ly bullish last week, led by the US
market which rose to historical
highs. The US Dow Jones Industrial
Average increased 1% to 21,637.74
points last Friday, a historical high.
In Asia, Hong Kong led the market
with an increase of 4.1% in a week
to 26,389.23 points last Friday, the
highest in two years.
Commodities prices closed
generally higher last week, but
the US dollar weakened against
major currencies. The US Dol-
lar Index fell from 96 points two
weeks ago to 95.1 points last Fri-
day. The Commodity Exchange
gold price rose 1.3% in a week
to US$1,228.00 (RM5,268.12) an
ounce. Crude oil (Brent) increased
4.7% to US$49.09 per barrel. In
the local market, crude palm oil
futures ended up 0.5% higher at
RM2,566 per tonne.
We had expected the bearish
trend to extend last week. The mar-
ket declined only marginally as
bullish performances in the glob-
al market helped to provide some
support. Nevertheless, the FBM
KLCI is still below the immediate
resistance level at 1,760 points.
Trend-wise, the FBM KLCI re-
mains bearish in the short term,
below the short-term 30-day mov-
ing average and immediate resist-
ance level. Furthermore, the index
is now below the Ichimoku Cloud
one week. Indicators like the Rela-
tive Strength Index and momentum
oscillator are below their mid-lev-
els, but are moving sideways. The
moving average convergence di-
vergence indicator is also below
zero and is declining, indicating
strong bearish sentiment. Further-
more, the FBM KLCI is trading near
the bottom band of the Bollinger
Bands indicator.
Market sentiment may have
been bearish in the past one week.
However, this may improve this
week as market confidence may
be boosted by bullish global mar-
ket performances and rebounds
in commodities prices, and with
BNM maintaining the OPR at 3%.
Therefore, the FBM KLCI is ex-
pected to stage a mild technical
rebound this week, and test the re-
sistance level between 1,760 points
(based on the immediate resistance
level mentioned above) and 1,770
points (based on the short-term
30-day moving average). However,
the market may continue its bear-
ish trend if it fails to break and stay
above the resistance level.
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.

I-Bhd 1HFY17 net profit within expectations

I-Bhd
(July 18, 61.5 sen)
Affirm outperform call with an
unchanged target price of 91
sen: I-Bhd recorded a net prof-
it of RM19.6 million (up 33.7%
year-on-year [y-o-y]; up 5.6%
quarter-on-quarter) for the sec-
ond quarter of financial year 2017
(2QFY17), bringing cumulative
first-half (1HFY17) net profit to
RM38.2 million (up 27.3% y-o-y).
Making up 44.2% of our full-year
estimate, we continue to deem the
results in line as we see stronger
earnings recognition in subsequent
quarters on the back of RM334.7
million in unbilled sales.
We like I-Bhds value proposition
and attractive location in benefit-
ing from the urbanisation of the
outer Klang Valley region (Klang
and Shah Alam). We reckon that
I-Bhd is underappreciated, ow-
ing to its predominant single-lo-
cation focus, which we believe is
very much unwarranted given its
steadily growing earnings and en-
couraging sales numbers.
In the absence of meaningful
property investment and leisure-re-
lated contributions, property devel-
opment continued to drive earnings
I-Bhd
FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F CAGR (%)
Revenue 257.4 383.6 477.1 555.2 608.7 24.0
Pre-tax profit 54.5 88.2 113.9 131.0 142.3 27.1
Net profit 43.0 66.6 86.5 99.5 108.1 25.9
FD EPS1 (sen) 3.3 5.1 6.6 7.6 8.2 25.9
FD PER1 (x) 18.3 11.8 9.1 7.9 7.3
DPS1 (sen) 1.3 1.9 2.6 3.0 3.2
Dividend yield 2.1 3.1 4.2 4.8 5.3
Note: 1Fully diluted share base: 1,315m shares (excluding warrants)
Sources: Company, PublicInvest Research estimates
growth in the interim. Divisional 4Q17, while the Liberty, Parisien
pre-tax profit of RM49.2 million for and Hyde Towers are on track for
1HFY17 was 20.9% higher than the delivery in late 2018/early 2019. The The i-Suite development will be handed over to purchasers by 4Q17, while the Liberty,
previous corresponding periods four towers have achieved com- Parisien and Hyde Towers are on track for delivery in late 2018/early 2019.
RM40.7 million, underpinned by bined average sales of 86%.
steady construction progress of its While unbilled sales had fall-
ongoing developments. en to RM334.7 million as at mid- watershed moment for property boost to property investment-re-
The i-SOHO project was com- 2017, from RM447.9 million in the development in the area given its lated earnings.
pleted and handed over to purchas- previous quarter, this does not benchmark pricing amid reported- Works on the DoubleTree by
ers in early second quarter of 2017 include the recently launched ly lacklustre operating conditions Hilton hotel is also under way,
(2Q17), allowing the group to real- Hill10 Residence (RM120 million and this strongly reinforces our with completion in 2019. Slated
ise a portion of its unbilled sales, gross development value [GDV]) belief in the eventual realisation for launch this year end or early
which in turn has ballooned its which saw a healthy 70% take- of the groups remaining GDV of next year, depending on certain
current cash holdings to RM243.3 up rate. about RM7 billion. regulatory approvals, are another
million (about 18.5 sen per share Marketed as one of the most Structural works on the mall two residential towers with an es-
on a fully diluted basis). luxurious properties of its kind in have reached about 70% comple- timated combined GDV of RM520
The i-Suite development will Shah Alam, we are encouraged by tion and remain very much on track million. PublicInvest Research,
be handed over to purchasers by the successful sales numbers a for a 2018 opening, providing a July 18
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
B R O K E R S C A L L 11

Mukah airport job Eonmetalls strong prot growth

remains visible
Eonmetall Group Bhd the manufacturing of downstream

win seen to diversify

(July 18, 74.5 sen) steel products by 100% to 30,000
Maintain buy with a higher fair tonnes per annum and machinery
value (FV) of 97 sen: We raise our and equipment (M&E) by 60% to
financial year 2018 (FY18) and FY19 80 units per annum. The down-
net profit forecasts for Eonmetall stream products include hyper-

Ibracos earnings
Group Bhd by 13% and 28% respec- market racks, furniture racks and
tively, and upgrade our FV by 24% livestock, while the M&E product
to 97 sen from 78 sen. This is based is the deformed bar. Thirdly, Eon-
on eight times FY18 forecast earn- metall plans to expand its business
ings per share of 12.1 sen, which overseas due to exceptional growth.
is at a discount to the manufac- The group plans to penetrate into
turing sectors average one-year these markets via a JV for a steel
forward price-earnings ratio of 10 processing plant in the United Arab
Ibraco Bhd Ibraco Bhd to 11 times to reflect Eonmetalls Emirates (UAE) in 2HFY17 to cater
(July 18, 91 sen) relatively small market capitali- to demand for downstream steel
Upgrade to buy recommendation FYE DEC (RM MIL) 2015 2016 2017F 2018F 2019F sation of less than RM150 million. products in the Middle East and
with a higher target price (TP) Revenue 254.0 158.8 201.0 427.7 585.5
The earnings upgrade for FY18 North Africa (Mena) region.
of RM1: Ibraco Bhd announced and FY19 is to reflect revenue rec- It also plans to form a JV for a
Ebitda 76.2 46.2 42.2 83.1 113.5
that it has received a letter of ac- ognition from the following:Firstly, steel racking manufacturing plant
ceptance from the public works Dep. & amortisation (1.3) (1.3) (1.2) (1.3) (1.3) the solvent extraction plant (SEP). in the UAE, also in 2HFY17, and
department in Kuching, Sarawak, Net finance cost (4.7) (4.5) (4.7) (5.0) (5.6) Eonmetall offers the sale of SEP Bangladesh in the first half of 2018,
for the construction and comple- PBT 70.3 40.4 36.4 76.8 106.6 to palm oil mills via outright sales to cater to demand in Mena and
tion of a new airport in Mukah, Taxation (17.8) (11.4) (9.1) (19.2) (26.7) and build-operate-transfer (BOT) South Asia regions. We like Eo-
Sarawak (Package 2). MI 6.5 (2.0) (1.3) (2.3) (3.6) or joint-venture (JV) agreements. nmetall for the growing accept-
The scope of the work of this Net profit 46.0 27.1 26.0 55.3 76.4
Currently, Eonmetall is in negotia- ance by palm oil millers in Malaysia
package involves the completion tions with a public listed company and Indonesia of its oil extraction
Core net profit 46.0 27.1 26.0 55.3 76.4
of final formation, airfield pave- to build several palm-pressed fibre plants. It enjoys good margins for
ment access road, and landside Reported EPS (diluted) (sen) 9.3 5.5 5.2 11.1 15.4 oil extraction plants on a BOT ba- these oil extraction plants in the
infrastructure and building works. Core EPS (diluted) (sen) 9.3 5.5 5.2 11.1 15.4 sis and is expected to finalise the absence of competition, coupled
The contract value of this pro- PER (x) 9.5 16.1 16.8 7.9 5.7 arrangement in the second half of with insourcing of inputs (steel
ject is RM302.6 million. Con- GDPS (sen) 3.5 3.5 3.5 4.0 5.0 2017 (2H17). In addition, Eonmetall products and metalwork machin-
struction work is anticipated to Dividend yield (%) 4.0 4.0 4.0 4.5 5.7 is making inroads into Indonesia, ery) used in the fabrication of these
commence upon site possession, Source: TA Securities
offering its SEP to palm oil mills on plants. These inputs and oil extrac-
scheduled by mid-August. Accord- either a BOT or JV basis. tion plants each contribute about
ing to the announcement, the pro- Secondly, the group has in- a third of the groups earnings.
ject is expected to be completed Overall, we are positive about ings forecasts, we revise our TP creased its production capacity for AmInvestment Bank, July 18
within 36 months from the date this contract win as it will diversify higher to RM1 per share from 92
of commencement. the groups earnings. In addition, sen per share previously, based Eonmetall Group Bhd
Although this is the first airport it is in line with the groups strate- on unchanged nine times 2018
job secured by Ibraco, we believe gy to further grow its construction earnings per share. Supported by FYE DEC (RM MIL) 2016 2017F 2018F 2019F
the group is capable of undertaking division, which has mainly been RM303 million unbilled property Revenue 105.6 120.9 137.8 158.2
this project. The groups construc- focusing on the groups in-house sales as at March 2017, the groups
tion division, which was established property development. future earnings are now further an- Core net profit 12.5 16.6 20.7 26.1
in 2002, has the ability to carry out Assuming an operating margin chored by a RM302.6 million out- FD core EPS (sen) 7.3 9.7 12.1 15.3
earthworks, and civil, building and of 7%, we estimate the contract to standing construction order book. FD core EPS growth (%) 101.8 33.3 24.6 26.2
structural works for residential, enhance the groups net earnings Ibracos land bank of 627 acres Consensus net profit - 16.6 18.3 20.3
commercial and industrial projects. by RM13.8 million or 2.8 sen per (253.74ha) across Kuching, Bintulu, DPS (sen) 2.5 2.5 2.5 2.5
It is also able to provide pro- share throughout the construc- and Kuala Lumpur with a collective PER (x) 10.0 7.5 6.0 4.7
ject management services ranging tion period. We raise our financial gross development value of RM5.7 EV/Ebitda (x) 9.0 7.3 5.7 4.1
from feasibility studies, master year 2017 (FY17) to FY19 earnings billion will sustain the groups earn-
Dividend yield (%) 3.4 3.4 3.4 3.4
planning, conceptual and detailed forecasts by 6% to 10% assuming ings over the longer term. With a
design, project management in- that the contract commences in total return of 17.9%, we upgrade ROE (%) 8.2 10.2 11.6 13.0
cluding contract administration September 2017. Ibraco to buy from hold previ- Net gearing (%) 41.0 30.7 18.9 6.3
and supervision. Following the change in earn- ously. TA Securities, July 18 Sources: AmInvestment Bank, company report

MAHBs strong 1H sets tone for robust 2H

Malaysia Airports Holdings Bhd Malaysia Airports Holdings Bhd
(July 18, RM8.80)
Upgrade to buy with a higher tar- FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F
get price of RM9.98: In the sec- Revenue* 3,870.2 4,172.8 4,500.7 4,753.1 4,919.5
ond quarter of financial year 2017
Ebitda 1,679.1 1,709.9 1,520.3 1,682.2 1,726.9
(2QFY17), passenger traffic at Ma-
laysian airports amounted to 23.7 Ebit 777.5 857.4 694.3 883.1 918.3
million passengers, registering a Pre-tax profit 41.8 183.3 504.3 693.1 728.3
growth of 13% year-on-year (y-o-y). Net profit 45.2 73.1 334.3 533.1 568.3
The quarter was outstanding for Core earnings* (11.5) 77.5 334.3 533.1 568.3
three reasons: It was the best sec- EPS (sen) (0.7) 4.7 5.5 8.8 34.3
ond-quarter performance in terms EPS growth (%) (102.2) 775.7 18.2 58.8 290.5
of passenger traffic, exceeding
PER (x) na 188.1 159.1 100.2 25.7
4QFY16s 23.5 million passengers
which were seasonally stronger and Net dividend (sen) 9.0 10.0 12.0 12.0 13.0
the highest in Malaysia Airports Net dividend yield (%) 1.0 1.1 1.4 1.4 1.5
Holdings Bhds (MAHB) history, Sources: Company, MIDF Research
and it marked the third consecu- A lepic of klia2. In 2QFY17, passenger trac at Malaysian airports amounted to 23.7
tive quarter where passenger traffic million passengers, registering a growth of 13% y-o-y. The Edge le photo
rose by a double-digit percentage Sdn Bhd airports which both grew to 8.2% and 4% respectively. Our
growth after enduring 10 quarters 7% y-o-y. optimism stems from aggressive
of flattish growth. panded 14.5% y-o-y, outpacing an traffic which grew 11% y-o-y. In The strong performance in capacity expansion by local and
Malaysias total air passenger domestic traffic growth of 8.1% terms of airports, the Kuala Lumpur 1HFY17, in our view, sets the tone foreign carriers, higher average load
traffic grew 11% y-o-y in the first y-o-y. Interestingly, international International Airport (KLIA) main for a robust 2HFY17. Hence, we factors supported by increased travel
half of FY17 (1HFY17), totalling traffic growth was underpinned by terminal led the way, registering a are revising our passenger growth demand, and an anticipated pickup
46.9 million. Growth was driven non-Asean traffic which expanded growth of 22% y-o-y, followed by forecasts for Malaysian airports for in inbound tourist arrivals in the
by international traffic which ex- by 18% y-o-y compared with Ase- klia2 and other Malaysia Airports FY17 and FY18 from 6.5% and 3% 2HFY17. MIDF Research, July 18
12 H O M E
Three rounds of National Service training proposed
KUALA LUMPUR: A proposal to
compel every young citizen of the
country to undergo the Nation-
al Service Training Programme
(PLKN) three times, at the ages
of 12, 15 and 17, was among the
proposals raised and discussed by
the National Transformation 2050
(TN50) Circles of the Future.
Youth and Sports Minister
35% of 330
complaints resolved
this year Suhakam
PEKAN: The Human Rights Com-
mission of Malaysia (Suhakam)
was able to resolve 35% of the 330
complaints received in the first six
months of this year, its chairman
Tan Sri Razali Ismail said yesterday.
He said the complaints includ-
ed issues of citizenship and death
in police custody with the highest
number of complaints recorded in
Kuala Lumpur, totalling 157 cases,
followed by Sabah (143 cases) and
Sarawak (30 cases).
Last year, a total of 879 com-
plaints were received and some
of them have been resolved, with
Suhakam also conducting 24 inves-
tigations in the field with the rele-
vant agencies involved, he told a
media conference at a programme,
Suhakam with the Pekan Commu-
nity, here yesterday.
Razali said he hoped the peo-
ple were now more aware of their
rights and of the channels availa-
ble for them to lodge complaints,
including with Suhakam.
On complaints lodged with Su-
hakam, but which concern matters
that did not come under its jurisdic-
tion, he said, they would be passed
on to the relevant authorities or
agencies. Bernama
Integrated ticketing system for all train services by year end
KUALA LUMPUR: An integrated
ticketing system for all local train
services is expected to be imple-
mented by the end of this year.
Transport Minister Datuk Seri
Liow Tiong Lai said a meeting be-
tween the two service operators,
Keretapi Tanah Melayu Bhd (KTM)
and Prasarana Malaysia Bhd, to im-
plement the system had been held,
but several issues regarding KTMs
system had to be resolved first.
The operating company for the
KTM commuter service is Keretapi
Tanah Melayu Bhd, while the light
rail transit (LRT) system is managed
by Prasarana Malaysia Bhd. The two
have different systems.
I just want to make sure that
all of these train services, includ-
ing the high-speed rail and East
Coast Rail Line, are included in
one system, so that it will be ful-
ly interconnected and easier for
commuters to go to only one ticket
counter at a time, he told report-
ers after opening the Ampang Park
LRT mural here yesterday.
The integrated ticketing system
is an initiative by the Land Public
Transport Commission that will
Khairy Jamaluddin said under the
subtopic of national identity, the
proposal was aimed at enabling
the young generation to share a
common experience as Malaysians.
Today, we see many youths hav-
ing no common experience as some
go to national schools, some to Chi-
nese schools and also Tamil schools.
If we cannot get them to attend
TN50 prepares nation
for industrial revolution
Najib says it threatens the age-old business models today
PUTRAJAYA: The National Trans-
formation 2050 (TN50) road map
will prepare the people to face
the Fourth Industrial Revolution,
Prime Minister Datuk Seri Najib
Razak said yesterday.
He said the Fourth Industrial
Revolution threatened the age-
old business models today, es-
pecially in a cashless and cred-
it-cardless society.
Citing China, he said one
could use a smartphone to buy
everything, either at the bazaars
or online, which was more con-
venient.
This will be the lifestyle in
Malaysia in the future. This is
the nature of the very disruptive
changes we need to prepare our
people for. We cannot change
the future but we can prepare
our people for the future, he
said in his opening remarks at
require public transport service
providers to integrate their fare
systems and the journeys across
multiple operators.
At the event, Liow said the mural
done by several college students,
only one type of school, at least they
must be compelled to undergo the
programme three times and take
the same training courses regard-
less of their backgrounds, he told
reporters after attending the TN50
Circles of the Future discussion
here yesterday.
The TN50 Circles of the Future
comprised 200 youths who were
the TN50 Roundtable Dialogue
with Malaysian scientists here
yesterday.
About 20 scientists from vari-
ous fields attended the dialogue
at Perdana Putra here. Also pres-
ent were Academy of Sciences
Malaysia president Prof Datuk Dr
Asma Ismail and science adviser
to the prime minister Prof Tan
Sri Zakri Abdul Hamid.
Najib, who is also finance min-
ister, said more retailers would be
going out of business following
the onset of the Fourth Industrial
Revolution.
In the near future, probably
more will be threatened when
more people are buying online.
We see signs of it in many
countries. Malaysia will not be
exempted. Therefore, we need to
prepare our people. This is what
exactly we need to take into ac-
showcased on a wall at the Am-
pang Park underground LRT sta-
tion, signified the multiculturalism
and multi-ethnicity of Malaysian
society.
He said the mural could be a
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
divided into five discussion groups
analysing five main topics, namely
work and value creation, living
and well-being, governance, so-
ciety and lifestyle.
Khairy said the results of the anal-
ysis by the circles would be made
public in October before the final
town-hall session is held with Prime
Minister Datuk Seri Najib Razak.
count, he said.
Najib said the government
had committed to a bottom-up
approach to predicate TN50 in
ensuring that the countrys future
direction and vision reflected the
peoples aspiration and provid-
ed a sense of ownership among
the people.
The government started the
TN50 engagement with youths
because it belongs to them. Then
we broadened the engagement
to cover all segments of society
including civil society, acade-
micians, civil servants and pro-
fessionals.
Najib also stressed the im-
portance of science, technol-
ogy, engineering and math-
ematics for the countr y to
transition into a knowledge-
and innovation-based society.
Bernama
Liow (centre) viewing
the mural done
by several college
students at the
Ampang Park LRT
station in Kuala
Lumpur yesterday.
Photo by Bernama
way of bringing communities from
different backgrounds together.
We live in a diverse and multi-
racial nation and it is through the
arts that we will be able to preserve
our traditions and cultures, he said.
TN50 is an effort to chart the di-
rection of the country in the next
30 years after Vision 2020.
The youth and sports ministry
has been entrusted with the re-
sponsibility of compiling the as-
pirations of youths for TN50 after
it was announced by Najib during
the tabling of 2017 Budget last Oc-
tober. Bernama
Pemudah helps
lift countrys
rankings, says
Ali Hamsa
PUTRAJAYA: The Special Task
Force to Facilitate Business
(Pemudah) will continue to help
lift Malaysias international rank-
ings in terms of achievements,
competitiveness and business by
simplifying processes and reduc-
ing costs, said Chief Secretary to
the Government Tan Sri Dr Ali
Hamsa.
Ali, who is also Pemudah chair-
man, said the task force embraced
its 10th-year milestone in 2017
with stronger determination, re-
newed commitment and great-
er vigour to address and resolve
issues that impacted time and
costs of doing business, and pro-
mote good regulatory practices
for businesses.
Pemudah continued to track
various initiatives to improve the
business climate with ministries,
agencies and stakeholders. The
new Companies Act 2016 that
came into effect on Jan 31 this
year is an example of the reforms
undertaken for incorporation, with
the aim of simplifying processes,
reducing cost and waiting time.
Another initiative includes im-
plementation of five modules in
the e-Tanah system on June 19 this
year for Kuala Lumpur, which has
improved time taken for land-title
search, company search and wind-
ing-up search through a single
point. The system is expected to
roll out to other states in Peninsu-
lar Malaysia in the next few years,
he told reporters after launching
the Pemudah Annual Report 2016
here yesterday.
Pemudah, which has highly
qualified and capable individu-
als from both public and private
sectors, was established on Feb
7, 2007. Federation of Malaysian
Manufacturers immediate past
president Tan Sri Saw Choo Boon
is the co-chair of the task force.
He said Malaysia remained the
most competitive economy among
developing countries in Asia and
was ranked commendably in the
2016-2017 edition of the Global
Competitive Report, World Com-
petitiveness Yearbook and Doing
Business Report.
The World Bank Doing Busi-
ness Report 2017 ranks Malaysia
at 23rd, ahead of countries such as
Thailand (46th), Indonesia (91st),
Japan (34th), China (78th), France
(29th), Switzerland (31st) and In-
dia (130th). Among Asean coun-
tries, Malaysia is ranked second
after Singapore. Bernama
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
Subramaniam: Contractors
track record is vital
This is to prevent hospital development projects being abandoned
BERA: The health ministry is ex-
pected to create a list of authorita-
tive and capable contractors in the
construction of hospitals to prevent
such projects being abandoned,
said its minister Datuk Seri Dr S
Subramaniam.
He said hospital construction re-
quires specific expertise and special-
isation because it involves technical
aspects such as the operation thea-
tre, intensive care unit, and gas and
oxygen channels.
Those with experience already
Good news
awaits Felda
settlers
PUTRAJAYA: Good news awaits
the Felda community with Prime
Minister Datuk Seri Najib Razak
expected to announce, among
others, measures to be taken by
the government to help reduce
the settlers financial burden,
at the 2017 Felda Settlers Day
celebration on Sunday.
Deputy Minister in the Prime
Ministers Department Datuk
Razali Ibrahim said the govern-
ment would continue with ef-
forts to help ease their financial
burden in appreciation of their
contributions to the countrys
development.
It is done all the time for the
good of the settlers, he said in
an interview with Bernama News
Channel in conjunction with the
Felda Settlers Day celebration to
be held in Putrajaya from Friday
to Sunday.
He is hoping all quarters, es-
pecially the opposition, would
not view negatively the govern-
ments initiatives to help the set-
tlers.
Razali said Felda had dis-
bursed RM3.8 billion since
2003 until this year in terms of
incentive and bonus payments
to settlers.
The payments were a Hari
Raya incentive, settlers produc-
tivity bonus, dividends obtained
by Felda from its shares in Fel-
da Global Ventures Holdings
Bhd and windfall payment of
RM5,000 in each category for
every household.
At the 2017 Felda Settlers
Day event, Razali said Felda
settlers childrens successes
and achievements would be
displayed on a massive scale.
This years celebration will be
the biggest so far, he said, adding
that various activities would be
held including a sales carnival,
an exhibition and performanc-
es by artistes from Felda land
schemes. Bernama
know [these technical requirements]
but the new ones (contractors) do not
know how a hospital functions and
consider hospital construction works
as a means of learning for them.
We want a complete hospital
built satisfactorily, [and] not become
an institution for them to learn [how
to build it]. If they have no capabili-
ty, it will incur losses to the govern-
ment, raise costs, and the people
cannot enjoy proper services at the
appointed time [after the hospital is
built], he said.
A WELCOMING SIGHT ... Workers seen putting the nal touches to the gateway depicting tribal motifs at the Borneo
Cultural Festival 2017 site in Sibu town square, Sarawak, on Monday. The festival, from tomorrow to July 29, is part of the activities held in
conjunction with Visit Sibu Year 2017. Photo by Bernama
Melaka confirmed to be free
from rabies health ministry
BERA: The health ministry has con-
firmed that Melaka is free from
rabies. A six-year-old boy tested
for suspected rabies at the Melaka
Hospital had been found to be free
of the virus.
Nevertheless, Health Minister
Datuk Seri Dr S Subramaniam said
he has still not been informed of
the true cause of the childs illness
as many other viruses could pro-
duce similar symptoms. He was
speaking to reporters after visiting
the Bera Hospital construction site
here yesterday.
He said the outcome proves that
rabies has only occurred in Serian,
Sarawak, which had so far claimed
the lives of four children since its
Subramaniam said this at a me-
dia conference after visiting the Bera
Hospital construction site here yes-
terday. He said the construction of
the Bera Hospital, which began in
July 2012, would be ready in two
years after being abandoned since
January 2015 following the contrac-
tors failure to complete the 40-bed
hospital.
According to him, the hospitals
original developer was also blacklist-
ed by the public works department
in December last year after failing
detection on June 30.
Last Friday, Melaka Health De-
partment director Datuk Dr Ghazali
Othman had confirmed that a child
was suspected of having contracted
the disease at the Melaka Hospital,
but was in stable condition.
The boy was allegedly bitten by
a dog when the family returned
home to Serian for Hari Raya Ai-
dilfitri. The boys father initially
sent him to the Terendak Camp
Military Hospital last Wednesday
after a month-long fever.
He did not rule out the possibil-
ity the rabies cases in Serian could
have been transmitted from Kali-
mantan, Indonesia, where the dis-
ease was detected as there is active
to complete the task despite being
granted an extension of 690 days.
The delay in completing the pro-
ject led to the original construction
cost of RM88 million to increase by
RM33 million and we had to reapply
[for an additional allocation] to the
finance ministrys economic plan-
ning unit.
The newly appointed contractor
could only start work after the addi-
tional allocation is approved, and we
hope this project can be completed
on schedule, he added. Bernama
border movement in that area, in-
cluding that of canines.
In Kuching, Health director-gen-
eral Datuk Noor Hisham Abdullah
said the rabies cases in Serian have
genome sequences similar with
virus strains originating from Kali-
mantan and Sulawesi.
The results, obtained from the
Institute for Medical Researchs
(IMR) virology unit, show there is a
close epidemiological link between
the cases in Serian and those in
Kalimantan, he said.
IMRs virology unit conducted
DNA sequencing of the virus iso-
lated from rabies cases in Serian,
he said in a statement yesterday.
Bernama
H O M E 13
Navy cadet
ocer
Zulfarhans case
to be mentioned
on Aug 14
KUALA LUMPUR: The Magis-
trates Court here has set Aug
14 for mention of the case in-
volving 19 students of Universiti
Pertahanan Nasional Malaysia
(UPN) charged with causing hurt
on navy cadet officer Zulfarhan
Osman Zulkarnain. Magistrate
Siti Radziah Kamarudin set the
date pending a medical report
of the victim.
The students, all aged 21, are
Mohd Hafiz Fauzan Ismail, Mo-
hamad Lukhmanul Hakim Mohd
Zain, Ahmad Shafwan Berdal,
Muhammad Amirul Asraff Mala,
Luqman Hakim Shamsuri, Mu-
hammad Sufi Mohd Mustapha,
Noriznan Izzairi Noor Azhar, Mu-
hamad Ashraf Abdullah, Mu-
hammad Danial Firdaus Az-
mir, Muhammad Hasif Ismail,
Muhammad Akmal Akif Alias,
Muhammad Adib Iman Fuad
Adi Sany and Mohamad Sya-
zwan Musa.
The others are Muhammad
Akmal Zuhairi Azmal, Muham-
mad Azamuddin Mad Sofi, Mu-
hammad Najib Mohd Razi, Mu-
hammad Afif Najmudin Azahat,
Mohamad Shobirin Sabri and
Abdoul Hakeem Mohd Ali.
Their family members were
present and filled up the public
gallery in the court room, with
some sitting on the floor, to fol-
low the proceedings of the case
yesterday.
Five of them
(students)
were charged
with murdering
Zulfarhan Osman.
On June 14, all of them plead-
ed not guilty to a charge of volun-
tarily causing hurt on Zulfarhan
Osman to extort a confession
from him over the theft of a lap-
top. The offence was allegedly
committed at a UPN hostel block
between 2.30am and 5.30am on
May 21 this year, and in the room
04-10 of the same hostel block
between 1.30am and 4.30am the
following day.
They are charged under Sec-
tion 330 of the Penal Code, read
together with Section 34 of the
same law, and face imprison-
ment of up to seven years and
a fine. Thirteen of the students
were released on bail of RM7,000
in one surety each. However, six
other students were not allowed
bail as they face another charge.
Five of them were charged
with murdering Zulfarhan Os-
man, while another was charged
with abetment in the murder.
They were alleged to have
committed the offence in the
hostel block between 4.45am and
5.45am on May 22. The offence,
under Section 302 of the Penal
Code, provides the mandatory
death sentence upon conviction.
Bernama
14 C O M M E N T
Enter Bibi Netanyahu
The Middle Easts new peacemaker and middleman is Israel
BY Z E V C H A FETS
T
he liberation of Mosul
in Iraq and the immi-
nent collapse of the Is-
lamic States (IS) Syr-
ian capital of Raqqa
are wins for President
Donald Trump. He was elected on
a promise to pound the terrorists
into submission, and that is hap-
pening. Trump is a believer in hard
power, which is the only kind that
works in the Middle East.
The president scored another
win with the partial cease-fire in
south-western Syria he negotiated
with Russian President Vladimir
Putin on the sidelines of the G-20
talks in Germany. The truce prob-
ably will not last, but it marked a
significant moment.
The Trump-Putin confab in Mu-
nich signalled that the contempo-
rary superpowers are able to work
together. The American press has
demonised Russia, partly in the cause
of bringing down Trump, but the US
and the Kremlin are not really ene-
mies. They are rivals, yes, but both
What if big oils bet on gas is wrong?
BY JACK FARCHY & KELLY GILBLOM
TALK to a Big Oil executive these
days, and the chances are they will
steer the conversation toward gas.
In 20 years, we will not be known
as oil and gas companies, but as gas
and oil companies, Patrick Pouy-
anne (pic), chief executive officer of
French giant Total SA, told a confer-
ence in St Petersburg last month.
Pouyanne and his peers have
pitched the fuel as a bridge between
a fossil-fuel past and a carbon-free
future. Gas emits less pollution than
oil and can be burned to produce
the power that grids will need for
electric cars.
But with the cost of renewable
technologies falling sharply, some
are warning that the outlook may
not be so rosy. Forecasters are begin-
ning to talk about peak gas demand,
spurred by the growth of alternative
power supplies, in the same breath
as peak oil consumption, caused by
the gradual demise of the internal
combustion engine.
In a long-term outlook published
last month, Bloomberg New Energy
Finance (BNEF) predicted that gas
market share in global power gen-
eration will drop from 23% last year
to 16% by 2040, and that gas-fired
power generation capacity will start
to decline after 2031. BP plc has high-
lighted risks to gas demand as a key
uncertainty, including the possibility
that consumption plateaus by 2035,
squeezed out by non-fossil fuels.
If those forecasts play out, it has
huge implications for Total, BP and
sides understand that cooperation is
preferable to an unscripted, wholly
disastrous military confrontation
over some worthless real estate in
the Middle East.
So there needs to be a deal. And
for that, there must be a broker.
China is not interested. The West-
ern Europeans are too interested. The
Saudis and the Iranians are busy with
their medieval blood feud. The Arab
League is a joke. The United Nations
is, as always, useless.
Enter Benjamin Netanyahu,
matchmaker.
The Israeli prime minister is ac-
ceptable to both sides. The Amer-
ican-Israeli strategic partnership
is long-standing and, under the
new administration, highly val-
ued. During his visit to Jerusalem
in May, Trump declared his love
and respect for Israel.
Putin, like Trump, respects Is-
rael, for the same reasons. He has
demonstrated it during his Syrian
intervention by keeping an open line
to Netanyahu and Defence Minister
Avigdor Lieberman (who was born
and raised in the former Soviet Union
and whose first language is Russian).
Netanyahus consistently real-
istic appraisal of the Middle East
other oil majors already grappling
with a possible surge in electric car
use. Gas-exporting nations most
notably Russia, Qatar and Australia
will also be exposed. The global gas
industry, based on multi-billion
dollar pipelines and export plants,
has decades long investment cycles
and decisions being made today
rely on rising demand until the
middle of the century.
The energy transition is fun-
damentally a force that cannot be
stopped, Royal Dutch Shell plc
chief executive officer (CEO) Ben
van Beurden said last month. It is
both policy and public sentiment,
but also technology that is driving
it. Oil demand will probably peak
in the 2030s or 2040s, he said, while
gas will not peak before the 40s if
not in the 50s.
Shell is still betting heavily on the
future of gas after last years US$50
billion purchase of BG Group plc,
but it is also planning to spend US$1
billion (RM4.29 billion) a year on
new energy technologies such as
renewables.
Theres no question that gas us-
age declines over time, Geisha Wil-
liams, CEO of PG&E Corp, the largest
investor-owned utility in the US, said
at a conference in San Francisco. But
I dont think its overnight. I think its
something that we have to manage.
Until recently, the energy indus-
try had been hoping that natural
gas would play the role of a bridge
fuel between polluting coal and
emissions-free renewables. That is
because producing electricity from
contributes to the confidence both
sides have in him. In the late 1970s,
long before he entered politics, he
presciently warned that Arab terror-
ism against Israel, if tolerated by the
West, would eventually morph into a
worldwide epidemic. Twenty years
later, he correctly dismissed the Oslo
Accords as an effort to paper over in-
superable differences between Israel
and the Palestinians, and predicted
it would lead to bloodshed.
As prime minister, Netanyahu rec-
ognised that the Arab Spring was
nothing more than media euphoria
that would lead not to democracy
but to disaster.
He has been right in insisting
that Iranian aggression is the most
acute problem in the Middle East;
and when the Saudis and the other
Sunni Arab states reached the same
conclusion, Netanyahu reached out
behind the scenes to construct a de
facto front against Teheran.
Of course, the prime minister is
not a disinterested party. He has his
own agenda.
It includes retaining Israeli con-
trol of the territory west of the Jordan
River, the Golan Heights and East Je-
rusalem; striking a peace deal with
the Arab world that does not involve
BLOOMBERG
gas generates around half the car-
bon dioxide emissions that burning
coal does. The International Energy
Agency (IEA) predicted a golden
age of gas.
But rapid changes in the eco-
nomics of renewables, combined
with low coal prices, have put that
outlook in doubt. The IEA last week
predicted global gas demand for
power generation would rise just
1% a year in the next six years, down
from 4% a year in 2004-2010.
Driving the shift has been a
sharp decline in the cost of build-
ing new renewable power which,
unlike generating electricity from
coal or gas, is almost free to run
after the initial capital investment
has been made.
Wind and solar are just getting
too cheap, too fast for gas to play a
transitional role, said Seb Henbest,
lead author of the BNEF report.
The consultant estimates that
onshore wind and solar power are
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
establishing a fully sovereign Pales-
tinian state; getting Iran out of Syria
and Lebanon; and re-establishing
strong sanctions that will stick un-
til the Iranians stop supplying the
Lebanese terrorist group Hezbollah
with weapons, drop their genocidal
rhetoric against Jews, and abandon
their attempt to build missiles and
non-conventional warheads capa-
ble of hitting Israel.
This agenda does not conflict with
the basic interests of the two powers.
The US, no matter who is in the White
House, wants primarily to protect
its allies and their oil fields, to oblit-
erate terrorist organisations, and to
keep a lid on the region all goals
Israel shares.
The Russians want to project
themselves as a superpower, support
Syrias ruling Assad family (in whom
they have a 50-year investment), get
their share of the oil in Iraq, fight ter-
rorism they think may inspire their
own restive Muslim population, and,
most of all, keep its Mediterranean
naval base in Tartus, Syria.
And so, Netanyahu finds himself
in the role of the acceptable man, a
go-between respected by both Pu-
tin and Trump (or, if worse comes
to worst for the US president, Mike
already competitive with coal and
gas in Germany, and that within
five years they will be cheaper to
build than new coal and gas plants in
China, the US and India. By the late
2020s, it will start to even be cheap-
er to build new onshore wind and
solar power than run existing coal
and gas plants.
The trends that are undercutting
optimism about the global gas out-
look are already playing out in Eu-
rope. Natural gas demand remains
well below a 2010 peak, as greater
energy efficiency, rapid adoption of
renewables and resilient coal con-
sumption cut into its market share.
The IEA does not see European
gas demand returning to its 2010
high. In its base case scenario, Eu-
ropean gas demand would be at the
same level in 2040 as in 2020.
Still, most forecasts anticipate
strong growth globally for natural
gas demand for two decades or
more. In the US, plentiful cheap
supplies thanks to the shale boom
helped gas displace coal as the pri-
mary fuel for power generation for
the first time last year.
The IEA sees global natural gas
demand growing almost 50% by 2040.
Exxon Mobil Corp sees a 44% in-
crease. BPs base case forecast is for
a 38% increase in demand by 2035.
Several things could upend
those predictions. hannes Teyssen, CEO of EON SE,
Much of the forecast growth in
gas demand is dependent on Chi-
na and India adopting policies that
favour gas rather than coal in an
attempt to improve air quality. The
Pence). He is, in a word, necessary.
This has not escaped the worlds
attention. Earlier this month, Indian
Prime Minister Narendra Modi visit-
ed Jerusalem, called for an alliance
against terrorism, glaringly omitted
any mention of a Palestinian state in
the West Bank (a cause India, which
has the worlds second-largest Mus-
lim population, has fervently support-
ed for decades) and issued a warm
invitation to Netanyahu to visit.
A similar change has come over
the French government. Ten days
after Modis visit to Israel, Netanya-
hu travelled to Paris to participate in
a ceremony commemorating Vichy
complicity in the Holocaust. The
newly elected French president, Em-
manuel Macron, used the occasion
to proclaim that anti-Zionism is a
reinvention of anti-Semitism a
startling statement of Netanyahus
oft-mocked mantra.
Washington and Moscow will be
the deciders in the Middle East; that
is how it works. But no one wants to
be left out of a once-in-a-century re-
shuffle and if that means staying
on the right side of the Israeli match-
maker, it is a price the second-tier
powers of the world will very likely
be willing to pay. Bloomberg
Chinese government, for example,
has set a goal of getting as much as
10% of its energy from gas by 2020
and 15% by 2030, up from 6% in
2015. The country also plans to
more than double import capacity
by 2025. If that does not happen,
gas demand could peak sooner.
And the power sector, while the
largest single source of natural gas
demand, only accounts for 40% of
the market. By contrast, nearly 60%
of global oil use is as a transport
fuel and vulnerable to the rise of
electric vehicles.
The future of oil is down to
whether electric vehicles take off
or not; the future of gas is quite
nuanced, said James Henderson,
director of natural gas at the Ox-
ford Institute for Energy Studies.
Gas producers are talking about
how to adapt to a different type of
gas market.
While the outlook for wind and
solar for power generation appears
limitless, renewables will have a
harder time replacing fossil fuels in
other sectors. The IEA last week said
industry will drive gas demands
1.6% a year growth through 2022
as it replaces crude oil as a raw
material for petrochemical man-
ufacturing, especially in the US.
Gas will play a significant
role in the decades to come, Jo-
told Bloomberg on May 24. Coal
will decline much, much faster, but
gas probably needs also to accept
that its own role will not grow to
eternity. Bloomberg
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
US makes lower
trade decit top
priority in Nafta
talks
BY L ESL EY WROU GHTON
& DAVI D LAWDER
WASHINGTON: The United
States on Monday launched the
first salvo in the renegotiation of
the 23-year-old North American
Free Trade Agreement (Nafta),
saying its top priority for the talks
was shrinking the US trade defi-
cit with Canada and Mexico.
In a much-anticipated doc-
ument sent to lawmakers, US
Trade Representative Robert
Lighthizer said he would seek to
reduce the trade imbalance by
improving access for US goods
exported to Canada and Mexi-
co under the three-nation pact.
For the first time in a US trade
deal, the administration also
said it wants an appropriate
provision to deter currency ma-
nipulation by trading partners.
The move appeared aimed at
future trade deals rather than
specifically at Canada and Mex-
ico, which are not considered
currency manipulators.
The 17-page document as-
serted that no country should
manipulate its currency ex-
change rate to gain an unfair
competitive advantage, an of-
ten-cited complaint about China
in past years.
Canadian Foreign Affairs
Minister Chrystia Freeland said
the US list was part of its internal
process although a source fa-
miliar with the Canadian govern-
ments thinking said the docu-
ment was not earth-shattering.
Trade experts have argued
that shrinking the yawning US
trade deficit will not be achieved
through trade deals but rather
by boosting US savings. The
first bullet point shows their pre-
occupation with bilateral trade
deficits and thats unfortunate,
said Chad Bown, a senior fellow
and trade expert at the Peter-
son Institute for International
Economics.
No date has been announced
for the Nafta talks, but they are
expected in mid-August. Nafta
has quadrupled trade among
the three countries, surpass-
ing US$1 trillion in 2015, but
the US trade deficit with Mexi-
co exceeded US$63 billion last
year. Reuters
EasyJet can afford a spell on autopilot
BY O L AF S TORB ECK
LONDON: For easyJet, losing a chief
executive is manageable. While
Carolyn McCall, who has taken up
the top spot at British broadcaster
ITV, was the mastermind of the UK
airlines steep ascent over the past
seven years, she leaves behind a
financially and strategically sound
company that can cope with a spell
on autopilot.
Since McCall took over in July
2010, easyJet cranked out an average
shareholder return of 25% per year,
ECB to calm markets
as it plots QE exit
Draghi needs to prepare ground for shift but not sow panic
BY TOM BAR FIELD
FRANKFURT: European Central
Bank (ECB) president Mario Draghi
will seek to soothe financial mar-
kets at a policy-setting meeting to-
morrow, analysts predicted, while
at the same time carefully prepar-
ing the ground for an eventual shift
away from easy-money policy later
this year.
Most observers expect the Frank-
furt-based institution to chart a path
to the exit from its quantitative eas-
ing (QE) mass bond-buying pro-
gramme at one of its four remaining
meetings in 2017.
That will make a press conference
tomorrow a balancing act that re-
quires all of Draghis verbal acrobatic
skills, said analyst Carsten Brzeski
of ING Diba bank, as the ECB must
prime the markets for an end to QE,
Netflix subscribers top 100 million
BY GLENN CHAPM AN
SAN FRANCISCO: Netflix on Mon-
day reported that its number of sub-
scribers climbed more than expect-
ed, topping 100 million worldwide
and sending shares in the leading
on-demand television service soar-
ing.
Netflix shares leapt more than
10% to US$178.48 (RM765.68) in
after-market trades that followed
release of earnings figures showing
the Silicon Valley-based company
added 5.2 million subscribers in
the recently ended quarter to raise
the total to 103.95 million for its
streaming service.
Most of the subscriber growth
came from outside the US, where
Netflix has invested heavily in es-
tablishing itself as a global tele-
vision service. That is what you
want to see, subscriber growth,
said Silicon Valley analyst Rob En-
derle. Their international efforts
compared to just 8% over the same
period before she joined from the
Guardian Media Group. A share price
increase of 40% this year makes easy-
Jet one of the best-performing FTSE
100 companies. It is also one of the
few European airlines that have paid
a dividend consistently since 2011.
A few smart decisions helped. Mc-
Call increased the number of backup
crew and aircraft available and add-
ed more time in the schedule to turn
flights around. Punctuality improved
by a third during her first three years.
She also made the customer experi-
but also be careful not to sow panic.
Along with historic low interest
rates and cheap loans to banks, the
ECBs monthly purchases of 60
billion (RM296.42 billion) of gov-
ernment and corporate bonds are
designed to pump cash into the
economy, powering growth and
pushing up prices. While inflation
is still sluggish, economic growth in
the 19-nation eurozone has picked
up strongly enough to dispel the
fears of deflation that had prompted
policymakers to launch the scheme.
And the ECB could soon reach
technical limits to its bond-buying
that will make the already contro-
versial programme even more dif-
ficult to continue much beyond the
present cut-off point in December.
Such signs mean investors are
on high alert for signals from the
central bank, sensitive to even the
Netflix
Subscribers
Million 103.95
120
100 93.8
98.75
81.5 83.2
86.7
80
60
International
40
20
United States
Q1 Q2 Q3 Q4 Q1 Q2
2016 2017
Source : Netflix/GoogleFinance/Nasdaq
are paying dividends right now.
Netflix ended the quarter with
slightly more than half of subscrip-
tions coming from outside the US, a
first for the company. Profit was up
61% to US$66 million, it said. Reve-
nue increased 32% to US$2.78 bil-
lion from the same quarter last year.
We underestimated the popu-
ence more similar to that of premium
airlines. Non-budget features like al-
located seating and rebookable tickets
put some space between easyJet and
Ryanair. The UK carrier now trades at
a small premium to its Irish rival, as
a multiple of next years earnings, for
the first time in three years.
Airlines seldom rely on one per-
son for their fortunes. EasyJet has also
benefited from the lack of decades of
history as a national carrier, which
puts it at an advantage to the likes
of Lufthansa. Some 80% of its flights
are from or to airports that are full
W O R L D B U S I N E S S 15
tiniest changes in the governors
carefully weighed statements on
forward guidance. Speculation
was ratcheted up when Draghi told
a central banking conference late
last month that as the economy
continues to recover ... the central
bank can accompany the recovery
by adjusting the parameters of its
policy instruments.
This was interpreted by markets
as a gesture towards tapering, or
winding down bond-buying. And
the remarks pushed up bond yields
and the value of the euro. If those
trends continue, they could sap
growth in the single currency area.
The reaction of bond markets
over the last two weeks was a good
reminder of how thin the line is
between preparing markets and
distorting them, analyst Brzeski
pointed out. AFP
Shares
One year One day (July 17)
After-hours
trade
$180
$180
160
175
140
170
120
165
100
J S N J M M J 10am 12pm 2 4 6
2016 2017
larity of our strong slate of content
which led to higher-than-expected
acquisition across all major territo-
ries, Netflix said in a letter released
along with the earnings figures.
Netflix forecast that it would
add 3.65 million more subscribers
around the world in the current
quarter. AFP
during peak hours, which reduces
the airlines exposure to new com-
petitors and protects profits.
A blueprint to grow while keeping
costs per seat excluding fuel constant
is in place. The creation of a Vien-
na-based sister airline will secure
access to the inner-EU market after
Brexit. New larger, more fuel-efficient
aircraft are on order. McCall has an-
swered easyJets big operational and
strategic questions. The problem in
luring a replacement is that there
may not be much more altitude to
gain. Reuters
IN BRIEF
London economy suering
wobble on Brexit worries
LONDON: Londons econo-
my is wobbling from the early
effects of Brexit judging from
the capitals faltering housing
market, fewer European Un-
ion citizens seeking work and
weaker job creation, according
to a report from the Centre for
London think tank. Despite
the unemployment rate hold-
ing at its lowest in more than
25 years at 5.5%, job creation
has slowed and the number of
foreign workers seeking payroll
tax registrations has dropped
by 15% compared with a year
earlier. While no one knows
how Brexit will play out, this
new analysis suggests that Lon-
dons economy is beginning to
wobble, think tank director
Ben Rogers said yesterday.
Reuters
Citigroup picks Frankfurt
as European trading hub
NEW YORK: Citigroup Inc has
chosen Frankfurt as its newest
trading hub in the European
Union and plans to present that
option to its board of directors
this week for approval, accord-
ing to a person with knowledge
of the decision. The choice to
expand the banks existing bro-
ker-dealer in the German city
means it will create between
150 and 250 new roles there,
said the person. The location,
where Citigroup already has
about 350 employees, is expect-
ed to handle some of the trad-
ing activities currently done in
London, though the UK capital
will remain the headquarters
for Europe, the Middle East
and Africa, the person said.
Bloomberg
BNP Paribas ned over
currency manipulation
WASHINGTON: BNP Paribas
SA agreed to pay US$246 mil-
8
lion (RM1.06 billion) to set-
tle US Federal Reserve (Fed)
claims that the bank failed to
keep its currency traders from
using electronic chatrooms to
manipulate prices, the US cen-
tral bank said in a statement
on Monday. The Fed said the
Paris-based lenders deficien-
cies constituted unsafe and
unsound practices and ordered
the bank to improve its over-
sight and internal controls over
foreign-exchange trading.
Bloomberg
GM extends shutdown at
Chevy Bolt plant
ORION TOWNSHIP/DE-
TROIT: General Motors Co
(GM) has extended a shut-
down at the Michigan factory
that builds the new Chevrolet
Bolt electric car as part of a
broader effort to get control of
bulging inventories of unsold
vehicles in the United States.
GMs vehicle inventory in the
US hit a 10-year high in June at
105 days of supply. The auto-
maker also builds the Chevro-
let Sonic small car at the Orion
plant, and sales of that car are
down nearly 37% for the year
to date. Reuters
16 FO CU S
Gold prices could resume climb
How should investors position for a rally?
BY JEF F REY TA N
A
t US$1,217.12
(RM5,221.44) an
ounce on July 11, the
price of gold is 6% be-
low its year-to-date
high of US$1,294.39
an ounce. Anticipation of higher
interest rates may have been behind
the recent selldown, as some inves-
tors moved out of gold and into high-
er-yielding US Treasury bonds. And as
investors appetites for risk improve,
money is flowing out of safe-haven
assets and into riskier ones.
But some market watchers are
suggesting that gold prices have bot-
tomed out and may even head high-
er. Greater geopolitical uncertainty
as well as volatility in the US market
linked to President Donald Trumps
ties with Russia may create more de-
mand for gold going forward. And a
correction in equity markets now
viewed as increasingly possible after
a multi-year rally could nudge in-
vestors towards commodities.
Julius Baers commodities re-
search analyst Carsten Menke says
in a media commentary that posi-
tioning among short-term traders
is now neutral to slightly bearish,
limiting downside for gold from
todays levels.
Ned Naylor-Leyland, fund man-
ager of the Old Mutual Gold & Silver
fund, is convinced that gold prices
have room to run. His confidence
stems from technical data that,
he says, has accurately predicted
movements in gold prices for the
last three decades.
According to Naylor-Leyland, gold
prices tend to rise after the 50-week
moving average breaks above the
200-week moving average. This for-
mation is known as a golden cross.
When the 50-week moving average
falls below the 200-week moving av-
erage known as a death cross it
tends to lead to falling prices. Nay-
lor-Leyland says the charts showed
a golden cross in December.
It is a pretty powerful signal, he
tells The Edge Singapore in an inter-
view. Looking at the evidence, it
has worked every time for 30 years.
It is more probable that it will work
[again] than it wont.
ALBERT CHUA
Naylor-Leyland: Now that the super-
cycle is on its knees, all those businesses
that were set up to service the demand
are sitting around wanting work
Gold exposure
Most mining equity funds have performed poorly
NAME
Old Mutual Gold & Silver Fund A USD Acc*
SPDR Gold Shares
UOB United Gold & General
Investec GSF Global Gold A Acc USD
Schroder ISF Global Gold A USD Acc
Deutsche Noor Precious Metals Secs A
Franklin Gold & Precious Metals N(acc) USD
BGF World Gold A2RF
*Available only to accredited investors
Performance of a fund is based on the returns of the largest share class, standardised to Singapore dollars
Physical gold has no counterparty risks, unlike gold ETFs and funds. It also provides a psychological sense of nancial security as
investors can hold, touch and see it.
Equity exposure
Naylor-Leylands fund primari-
ly holds stakes in gold and silver
miners. Kevin Chen, head of wealth
management at financial advisory
firm Promiseland Independent,
says miners can be an attractive
option for investors looking for a
play on gold prices. If the inves-
tor prefers a form of return that is
not solely confined to the price of
gold itself, then gold funds would
be a better choice of exposure. For
example, even if gold prices fail to
appreciate, investors in gold funds
may experience a profit in their in-
vestments due to the appreciation
of equity prices in general, he says.
ALBERT CHUA
Chen: If the investor prefers a form of
return that is not solely conned to the
price of gold itself, gold funds would be
a better choice of exposure
FUND SIZE TOTAL RETURN
(S$ MIL)
191.3
NA
172
453
116
168
344
6,372
**Data as at July 11
As at June 30, the Old Mutual
fund had 80.4% of its assets in equi-
ties. Miners that are among its larg-
est holdings are UK-listed Hoch-
schild Mining, US-listed Coeur
Mining, Mexico-based Fresnillo,
and Silvercorp Metals, MAG Sil-
ver Corp, and Pan American Silver
Corp, all listed in Canada.
Also among the funds top hold-
ings is Central Fund of Canada,
which holds gold and silver bul-
lion on a secure basis for the con-
venience of investors in the shares
of Central Fund. The Old Mutual
Gold & Silver fund also has 17.9%
of its assets in bullion and 1.7% in
cash. The fund is only available to
Tsui says the higher costs of physical
gold could be a premium of 5% to 10%
to the spot price
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
up and up the last time round. Now
that the super-cycle is on its knees,
TOTAL RETURN TOTAL RETURN NET all those businesses that were set
YTD 1-YEAR ANNUALISED EXPENSE up to service the demand are sitting
(%) (%) 3-YEAR (%) RATIO
around wanting work. So the costs
4.5 -22.9 NA NA are going down, he says.
4.3 -11.0 -10.5 NA Not all miners will benefit
-1.6 -19.8 -3.1 1.80 equally from this trend though.
-2.4 -29.3 -2.0 NA Although Naylor-Leylands fund
-3.4 -25.6 NA 1.89 has underperformed other sectors,
-3.8 -28.3 -7.4 1.85
it has outperformed many of its
peers because of the stocks it holds.
-4.8 -28.2 -4.4 2.63
The United Gold & General Fund,
-5.7 -26.4 -1.1 2.06 which owns names such as New-
mont Mining Corp, Barrick Gold
Corp and Goldcorp, has returned
a negative 1.6%. The Investec GSF
BLOOMBERG
Global Gold Fund, which also owns
Newmont and Barrick, as well as
Agnico Eagle Mines and Evolution
Mining, has returned a negative
2.4%. In fact, all the equity-linked
gold funds available to retail inves-
tors here have performed poorly
year to date.
Physical gold and ETFs
Another investment option is the
SPDR Gold Shares ETF, a physical
gold-backed exchange-traded fund.
It holds physical gold bullion in the
form of London Good Delivery bars.
The ETF has generated a year-to-
date return of 4.3%, which is still
slightly less than the Old Mutual
Gold & Silver fund.
Robin Tsui, vice-president and
ETF gold specialist at the APAC
SPDR ETF business, says demand
for gold ETFs has been quite sta-
ble. In 1H2017, the total net inflow
accredited investors. into physical gold-backed ETFs
Year to date, the fund has returned was about US$6.5 billion the
4.5%, underperforming major indi- largest since the gold ETF market
ces such as the Standard & Poors 500 was launched in 2002.
index (up 9%) and the MSCI World Gold ETFs have become pop-
Index (up 11%). It has also under- ular in recent years as they ena-
performed physical gold (up 6.5%). ble you to access the asset class,
But Naylor-Leyland expects to rather like buying a stock. They
catch up as gold miners margins enable investors to benefit from
improve. Gold mining companies upward movements in gold pric-
are expanding as demand and es in a relatively liquid way, says
prices improve, but mining costs David Pugh, director at expatriate
are generally flat to declining. This is financial advisory firm The Fry
because a huge amount of capacity Group Singapore.
was built up in the mining sector Alfred Chia, CEO of financial ad-
during the commodities super-cy- visory firm SingCapital, says gold
cle of the past decade. The costs of ETFs are cheaper, too, because in-
hiring contract miners were going vestors do not need to pay for costs
associated with purchase, storage
STATE STREET THE FRY GROUP and insurance of physical gold. Tsui
says the higher costs of physical
gold could be a premium of 5% to
10% to the spot price.
Holding gold bullion, however,
has its advantages. Chia calls this
the safest form of investing in gold.
Physical gold has no counterparty
risks, unlike gold ETFs and funds. It
also provides a psychological sense
of financial security as investors
can hold, touch and see it.
Michael Kempinski, managing
director of bullion trader Degussa
Singapore, thinks gold is unlikely
to fall below US$1,100 an ounce as
he sees strong physical support at
Pugh: Gold ETFs have become popular that level. Should prices fall below
in recent years as they enable you US$1,200 an ounce, he recommends
to access the asset class, rather like that investors take the opportunity
buying a stock to buy in. The Edge Singapore
WED N E S DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
NetLink NBN
Trusts steady yields
Its immediate focus for growth will remain in Singapore
BY BENJAMIN CHER
N
etLink NBN Trust,
which owns and
operates the ducts,
manholes, fibre ca-
bles and central of-
fices that form the
Nationwide Broadband Network, is
seeking a listing on the Singapore
Exchange.
The trust will issue 2.9 bil-
lion units at 81 Singapore cents
(RM2.54) each, raising S$2.3 bil-
lion. If an overallotment option
is exercised in full, the amount
raised will go up to S$2.4 billion.
Only 185 million units will be made
available to the public, with the re-
maining 2.7 billion units offered by
way of an international placement.
At 81 Singapore cents, and as-
suming the overallotment option
is not exercised, the units will have
an annualised yield of 5.43% for the
forecast period from Aug 1, 2017
to March 31, 2018 and 5.73% for
the projection year ending March
31, 2019.
That is lower than what nearly
all the other business trusts cur-
rently yield.
Tong Yew Heng, CEO of trus-
tee-manager NetLink NBN Man-
agement, says NetLink NBN Trust
has a unique business model, a
resilient one, because our revenue
is highly predictable.
NetLink NBN Trusts initial
portfolio will comprise 100% of
NetLink Trust, which gets 77% of
Union Gas seeks IPO to expand retail distribution of cooking gas
Teo: The local LPG distribution industry
is competitive and fragmented, making
it ripe for mergers and acquisitions.
its revenue from connecting and
installing fibre services. Another
10% comes from servicing ducts
and manholes, under long-term
agreements with Singapore Tele-
communications. Co-location rev-
enue from operators that want to
host their equipment on the fibre
network makes up 5%. And cen-
tral office revenue, paid by Sing-
tel to lease space and equipment
at NetLink Trusts central office,
makes up 5%.
NetLink NBN Trust has
a unique business
model, a resilient one,
because our revenue is
highly predictable
NetLink Trust intends to dis-
tribute 90% of its distributable
income to NetLink NBN Trust,
which will in turn distribute 100%
of cash available for distribution
on a semi-annual basis.
The Info-communications Me-
dia Development Authority (Imda)
sets out the prices and some terms
for connection fees, contracts
and wholesale agreements for fi-
bre services. There is little risk of
the regulators changing prices
in the short term, according to
Tong. We do expect the regulatory
framework to be stable. It is highly
unlikely to change.
BY JEFF REY TAN
THE blue gas cylinders owned by
Union Gas Holdings may soon
become more ubiquitous. The
distributor of liquefied petroleum
gas (LPG) is seeking a listing on
the Catalist board of the Singapore
Exchange to expand its network.
CEO Alexis Teo says the company
hopes to acquire other local LPG
retailers and leverage their cus-
tomer bases. This is the fastest
way to expand, she tells The Edge
Singapore in an interview.
Union Gas is offering 60 million
shares at 25 Singapore cents (78
sen) apiece, comprising 30 million
new shares and 30 million vendor
shares. Only 1.28 million shares
are being offered to the public.
The remaining 58.72 million shares
will be sold by way of placement.
Excluding the sale of the vendor
shares, the IPO will raise net pro-
ceeds of S$5.7 million.
The company intends to utilise
S$4 million of the net proceeds
to fund its acquisition plans. The
NetLink NBN Trust will use the
IPO proceeds for the acquisition
of NetLink Trust from Singtel and
to pay off S$1.1 billion owed under
a facility agreement with Singtel.
The proceeds will also fund the
purchase of 27,000 lead-in ducts
from Singtel as well as equity issue
expenses and other costs. Should
the overallotment option be exer-
cised, the additional proceeds will
be used for capital expenditure
and general purposes.
Does NetLink NBN Trust har-
bour any overseas ambitions? Tong
says the trusts.
The growth is driven by fibre
connections, which can be resi-
dential, non-residential and NBAP
(non-building address points).
Across all three areas, we expect
growth that is fairly healthy, Tong
says. NBAPs can be used by traffic
lights or sensors.
Tong thinks it is possible that
some residential properties will
require two fibres within a few
years. There is a new building
code under consultation in Sin-
gapore, which will require devel-
opers to put two fibre points into
new homes, he explains. In the
future, there are expectations for
households to use more than two
fibre connections. There is interest
in the IoT (Internet of Things), and
some of these can be implemented
in households.
Meanwhile, NetLink Trust cur-
rently has a market share of just 32%
in the non-residential market and it
remaining S$1.7 million will be
used for diversification and general
working capital. Union Gas plans
to diversify into the business of
supplying piped natural gas. This
is aimed at customers who operate
in the services and manufacturing
industries in Singapore. Teo says
the company intends to launch this
new business by the end of the first
half of next year.
The local LPG distribution in-
dustry is competitive and frag-
mented, Teo says. That makes
it ripe for mergers and acquisi-
tions. She says increasing oper-
ating costs, stricter regulations
and higher customer expectations
could spur consolidation.
Currently, she estimates that
there are 200 dealers delivering
LPG cylinders to customers. These
dealers receive their gas supplies
from ExxonMobil, SingGas (LPG),
WBL Engineering & Distribution
and City Gas. Some of these deal-
ers serve the residential market,
while others target hawkers and
F&B outlets.
Tong: There is a new building code under consultation in Singapore, which will require
developers to put two bre points into new homes.
is projected to grow over time. Tel-
cos that do not have fibre infrastruc-
ture will use ours when they secure
a customer in the CBD area. Also,
outside of the CBD areas, we are
the only provider of fibre services,
says Tong. In the NBAP segment,
with the rollout of smart nation ap-
plications and IoT sensors across
the island, there is potential for us
to provide more fibre connections
to support these activities.
The listing of NetLink NBN Trust
is part of a regulatory requirement,
following the governments 2008
selection of OpenNet to run the
passive infrastructure for the NBN.
OpenNet was a consortium made
up of Axia NetMedia Corp with a
30% stake, Singtel (30%), Singapore
Press Holdings (25%) and SP Tel-
ecommunications (15%). In July
Union Gas enjoys an estab-
lished relationship with UEC
Group, which is a related compa-
ny. The latter is one of the largest
wholesale suppliers of LPG in Sin-
gapore, with a bottling plant and
three LPG storage depots. Union
Gas has a dealership agreement
with UECs wholly-owned unit
Summit Gas to market and sell
LPG cylinders. Teo believes Union
Gas has a significant competitive
advantage in the residential mar-
ket, which is its primary market,
because of its large fleet of over
100 delivery vehicles.
The company also operates a
compressed natural gas (LNG)
business at its fuel station at Old
Toh Tuck Road. It produces, sells
and distributes CNG primarily to
natural gas vehicles (NGV) such
as Trans-cab taxis and industrial
vehicles. However, demand from
NGVs has dropped, following the
introduction of a tax. The price
of natural gas is no longer com-
petitive against petrol and diesel
fuels, says Teo. To make up for the
FO CU S 17
ALBERT CHUA
2011, Singtel established NetLink
Trust to hold the passive non-fi-
bre infrastructure assets used to
support OpenNets deployment.
Singtel was to divest at least 75%
of its holdings in NetLink Trust by
April 2014.
In August 2013, the sharehold-
ers of the OpenNet consortium
agreed to divest all their shares
to NetLink Trust. The deadline
for Singtel to divest its holdings
in NetLink Trust was extended
to April 2018 to allow additional
time to integrate the operations of
NetLink Trust and OpenNet. Fol-
lowing the IPO, Singtel will own
24.99% of NetLink NBN Trust.
The offer for NetLink NBN Trust
closed at noon on Monday. Trad-
ing is expected to commence at
3pm today. The Edge Singapore
fall in demand, the company also
operates a diesel fuel business at
the same station.
Union Gas humble beginnings
can be traced to a sundry shop in
Marine Terrace where founder and
non-executive chairman Teo Kiang
Ang Teos father sold LPG
cylinders. Teo joined the family
business 13 years ago. The busi-
ness has grown significantly since.
In its unaudited pro forma re-
sults for FY2016 ended Dec 31,
2016, the company recorded reve-
nue growth of 1.7% y-o-y to S$35.7
million. Earnings, however, grew
18.4% y-o-y to S$6.1 million as a
result of lower costs. The company
intends to recommend dividends
of not less than 50% of its earn-
ings in FY2017.
CIMB Bank is the companys
sponsor and issue manager, while
CIMB Securities (Singapore) is
the underwriter and placement
agent. The offer for Union Gas
closes today at noon. Shares are
expected to start trading at 9am
on Friday. The Edge Singapore
18 W O R L D B U S I N E S S
New body to coordinate China financial market
BY EL I AS GL EN N
BEIJING: Chinas new financial
stability committee will help to
coordinate financial reform and
regulation of markets as well as
monetary and industrial policy, a
central bank official told the offi-
cial Peoples Daily in an interview
Australia sees
more positives
in domestic,
world economy
BY SWATI PA N D EY
& WAY NE COL E
SYDNEY: Australias central bank
has turned more upbeat on the
economic outlook, citing an im-
proving labour market, stronger
public investment and a pickup
in household consumption.
The mood was clearly bright-
er, with the word positive ap-
pearing repeatedly in the five-
page minutes of the Reserve
Bank of Australias (RBA) July
meeting and catapulting the lo-
cal dollar to a more than two-
year high of US$0.7905.
While traders bid the Aus-
sie higher, economists said the
RBA would be in no hurry to raise
rates anytime soon as it remained
watchful on risks to jobs and
housing. Besides, analysts sus-
pect the recent sharp rise in the
Aussie would itself add to the case
against a hike. The RBA has long
warned that a rising currency
would hurt the economys tran-
sition away from a decade-long
mining investment boom.
Since the RBAs July meeting,
the Aussie has rocketed nearly
4% to a level that will be highly
unwelcome to policymakers in
the face of weak inflation at home.
Domestic financial condi-
tions had been further tightened
by a recent increase in mortgage
rates at Australias major banks,
which followed a clampdown
by regulators on risky lending.
The RBA also welcomed the
broad-based recovery in the
world economy which had led
some other central banks to up-
grade their outlooks for growth
and interest rates. Reuters
Revived Chinese economy rests on borrowed pillow
BY PET E SWEEN EY
HONG KONG: Gross domestic
product (GDP) grew 6.9% in the
second quarter, beating expecta-
tions and capping a solid first half.
Robust manufacturing, foreign de-
mand, strong commodities and a
softer US dollar have lent the gov-
ernment time to attack bad debt
and get housing prices under con-
trol. Naysayers have been silenced
for now. But while confidence is
warranted, complacency is not.
Theres no question that the
worlds second-largest economy
is looking in its best condition in
published yesterday.
The committee was set up be-
cause financial oversight in Chi-
na is not coordinated, said Lu Lei,
who heads the financial stability
department at the Peoples Bank
of China (PBoC).
There has been a lack of supervi-
sion of the market, he said, describ-
US$3tril capital seen
to flow into China
Nation has opened a path to transform financial markets Citi
BY ERIC LAM
HONG KONG: China has opened
a path for a transformation of its
financial markets that could see
them match the US in size and lure
more than US$3 trillion (RM12.87
trillion) in capital from abroad
by 2025, according to a study by
Citigroup Inc.
While the countrys initial efforts
to internationalise its currency hit
a bump in 2015, policymakers have
shifted tack to focus on developing
domestic financial markets rather
than opening up the capital ac-
count, Citigroup analysts led by Liu
Li-Gang, chief China economist for
years. While official GDP data is
not particularly enlightening, other
more reliable indicators, includ-
ing private surveys, also delivered
pleasant surprises. Manufacturing
rallied strongly, trade is vigorous,
and producer prices which de-
flated for years have been reflat-
ing on the back of revived commod-
ity prices. Retail sales rose 11%. All
of this has, per the private China
Beige Book survey, inspired busi-
nesses to expand hiring. This is in-
deed starting to look like the healthy
real economy Beijing has been
trying to stimulate for years.
How much of this is due to ex-
ing the situation as full of chaos.
Chinese President Xi Jinping
said over the weekend that China
would set up a Financial Stability
and Development Committee un-
der the State Council, or cabinet.
Regulators oversee different
parts of Chinas complex financial
sector, and no singular regulator
the bank in Hong Kong, wrote in a
note. Steps like the bond and stock
connects with Hong Kong repre-
sent this new approach, they wrote.
In years to come, 2017 could
be viewed as a tipping point for
global asset allocation, Liu and
his colleagues wrote. Removal of
restrictions to entry, together with
eventual inclusion of China in var-
ious global capital market indices,
will raise foreign ownership of Chi-
nese assets, likely creating further
momentum for market broadening
and deepening.
Among the teams projections:
Chinas nominal gross domes-
tic product (GDP), which is un-
ternal factors is debatable, but they
certainly helped. For example, Bei-
jing beat back capital flight in 2017
thanks in no small part to the end
of the global dollar rally. And net
trade, usually a negative contributor
to growth, has been robust enough
that it accounted for 3.9% of GDP
growth in the first half.
There are always worrying signs
in any positive economic phenom-
enon. In this case, it is the fact that
credit tightening has yet to hit the
wider economy for all the de-
leveraging talk, credit creation has
remained strong nor have house
prices corrected. What if the dollar
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
has complete visibility of capital
movements in the system.
In an attempt to curb Chinas ad-
diction to debt and defuse financial
risks, authorities have intensified
curbs on speculative investments,
shadow-banking activity and ex-
cessive credit growth over the past
year Reuters
adjusted for inflation, will reach
US$28 trillion by 2025 compared
with US$26 trillion for the US based
on anticipated growth rates and a
gradual appreciation of the yuan to
five per dollar from 6.8 now.
Some US$3.36 trillion in new
capital will flow in from abroad,
with US$779 billion to the bond
market, US$200 billion into equi-
ties and US$2.38 trillion to bank
assets (which are typically loans).
Based on their historical re-
lationship with GDP, US financial
markets will total US$137 trillion
by 2025, and Citigroup assumes
Chinas would have about the same
in yuan equivalent. Bloomberg
resumes rallying? Strong export per-
formance would make deleverag-
ing easier, but that is dependent on
external demand. Businesses may
be overconfident. The Beige Book
survey also shows that inventories
are at record highs, and cash flows
are still in the red for many firms.
Some believe that Chinese in-
vestors are betting on a Congress
Put, the assumption that the gov-
ernment will keep up asset prices
in the run-up to a political lead-
ership reshuffle later in the year.
If true, that means Beijing might
have quarter of confidence to go.
But not to waste. Reuters
IN BRIEF
Flipkart is said to make
new oer of US$950m
for Snapdeal
BANGALORE: Flipkart Online
Services Pvt has made a revised
bid to acquire rival Snapdeal for
about US$950 million (RM4.08
billion), an offer that could lead
to a final agreement between
Indias two largest local e-com-
merce providers within three
weeks, according to people fa-
miliar with the matter. Snapdeals
board members discussed the
proposal on a conference call late
on Monday night after rejecting
an earlier offer of about US$850
million, said the people, who
asked not to be identified. The
final price of the current bid will
range between US$900 million
and US$950 million, depending
on the cash and debt on Snap-
deals balance sheet at the time of
signing, they said. Bloomberg
Ericsson steps up
restructuring on fourth
straight quarterly loss
STOCKHOLM: Weaker-than-ex-
pected second-quarter sales and
profits in a poor growth climate
prompted Swedish telecoms gi-
ant Ericsson to announce fresh
cost-cutting measures yesterday.
Ericsson posted a fourth straight
quarterly loss in unveiling April
to June figures of one billion
kronor (RM519.09 million) on
sales dropping 8% to 49.9 billion
kronor, dipping beneath ana-
lysts forecasts of 50.5 billion. The
company said it saw increased
risk of further market and cus-
tomer project adjustments with
an estimated negative impact on
operating income of three to five
billion kronor for the coming 12
months. AFP
Slower-than-forecast
NZ ination pushes
back bets on rate hike
WELLINGTON: New Zealand
inflation slowed more than ex-
pected in the second quarter as
falling transport prices offset a
rise in the cost of food, prompt-
ing some investors to push back
bets on the timing of a possible
central bank interest rate hike.
Consumer price inflation stag-
nated in the second quarter and
annual inflation slowed sharply
from multi-year highs seen in the
first three months of the year, ac-
cording to official data yesterday.
That was also below the Reserve
Bank of New Zealands forecast,
sending the local dollar down
as low as US$0.7261. Reuters
Google Fiber loses chief
executive ocer after
ve months
SAN FRANCISCO: Alphabet Incs
high-speed Internet business is
undergoing another shake-up
as its leader, Gregory McCray,
is stepping down. The compa-
ny is looking for a replacement.
McCray was hired in February
as chief executive officer of Ac-
cess, the Alphabet unit that hous-
es Google Fiber. He joined the
tech giant after Craig Barratt,
the former Access boss, exited in
October when a big, expensive
expansion plan he created was
cut back. Bloomberg
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
US healthcare reform fails
Two more Republicans say no to partys efforts to revamp Obamacare
BY M I C H AEL MAT HES
WASHINGTON: Two more US Re-
publican senators announced their
opposition on Monday to their par-
tys efforts to revamp Obamacare,
derailing the controversial legis-
lation in its current form and po-
tentially dealing a monumental
setback to US President Donald
Trump.
Republican leaders are desper-
ate for a major legislative victo-
ry this year and keen to fulfil
Trumps campaign pledge to dis-
Indonesia
parliament
speaker denies
wrongdoing
BY AG USTI NU S B EO DA COSTA
& EVEL I N E DA N U B RATA
JAKARTA: The speaker of In-
donesias parliament yester-
day denied allegations that he
helped cause big losses to the
state in connection with the
issuance of electronic national
identity cards.
Setya Novanto, chairman
of Indonesias second-biggest
political party, Golkar, made
the denial to reporters after
a meeting with leaders of the
House of Representatives.
The speaker said he read
media reports saying he was
named by the independent
Corruption Eradication Com-
mission (KPK) as a suspect in
the alleged state loss of at least
2.3 trillion rupiah (RM740.95
million) from the identity-card
programme.
Late on Monday, KPK chair-
man Agus Rahardjo told re-
porters that a legislator with
the initials SN was suspected
to have abused his authority to
benefit himself or others, while
the electronic identity card,
known as e-KTP, was put in
place in 2011 and 2012.
KPK always refers to sus-
pects by their initials and never
confirms their full names. After
Rahardjos statement, many
Indonesian media named No-
vanto as the suspect the agency
is investigating.
Yesterday, Novanto told re-
porters he would obey the le-
gal process, but said he was
shocked by the allegations
and denied any wrongdoing.
Whatever Im accused of is
not true, he said. If they say
that I received funds, I have
never done that. The sum of
that money is incredibly huge.
KPK has been investigat-
ing allegations that sums from
US$5,000 (RM21,450) to US$5.5
million were divided up in a
room in parliament. Reuters
mantle the 2010 healthcare reforms
of his predecessor Barack Oba-
ma, formally called the Affordable
Care Act.
But they had no votes to spare.
Republicans control 52 of the
chambers 100 seats. Democrats
are united against the controversial
legislation, while Republicans Su-
san Collins and Rand Paul declared
their opposition last week.
So when Senate conservatives
Mike Lee and Jerry Moran an-
nounced late on Monday they could
not support the bill, the news sent
FILIAL SON ... A video of a man who decided to dress as a woman for 20 years to help his mentally ill mother cope with the
death of his sister has gone viral in China, according to a report by The Straits Times. The man, who is in his 50s and hails from Guilin
in the Guangxi region, is shown wearing a cheongsam as he tends to his elderly mother. After the mans mother began to show signs
of mental illness when her daughter died, he began dressing as a woman. He shared that his mother was immediately convinced that
her daughter had come back. Many netizens were moved by the mans actions, hailing him as a lial son. This is a real man, wrote
one Weibo user, while another commented that he looked pretty as a woman. Photo by Pear Video
Philippines Duterte seeks martial law extension in south
BY AYEE M ACARAIG
MANIL A: President Rodrigo
Duterte plans to extend martial
law in the southern Philippines to
defeat Islamist militants who have
seized a major city, his spokesman
said yesterday, as a critic warned
the country could be edging to-
wards a dictatorship.
Duterte had imposed military
rule for 60 days in the Mindanao
region, home to 20 million people,
after gunmen waving black Islam-
ic State flags occupied Marawi city
on May 23, triggering clashes that
have killed more than 500 people.
While scores of militants con-
tinue to hold out against govern-
ment forces nearly two months
later, critics expressed surprise by
shock waves across Washington.
We should not put our stamp
of approval on bad policy, Moran
who faced considerable oppo-
sition at home in Kansas to the
measure said in a statement,
adding that the new bill fails to
repeal the Affordable Care Act or
address healthcares rising costs.
For Lee, in addition to not re-
pealing all of the Obamacare taxes,
it doesnt go far enough in low-
ering premiums for middle-class
families; nor does it create enough
free space from the most costly
his request for a martial law exten-
sion until Dec 31.
I have come to the conclusion
that the existing rebellion in Min-
danao, which has prompted me to
issue [the martial law proclama-
tion], will not be quelled completely
by July 22, Duterte said in a letter
to congressional leaders.
Congress is to convene on Satur-
day to discuss the request of Duterte,
who met with congressional leaders
late on Monday, presidential spokes-
man Ernesto Abella told reporters.
The president also asked Con-
gress to suspend a constitution-
al safeguard against warrantless
arrests.
This is not only a step back, but
several steps back for our democra-
cy, said opposition lawmaker and
Obamacare regulations.
Their defections mean that the
bill has no chance of even getting
a vote on the Senate floor unless
Senate majority leader Mitch Mc-
Connell decides to make significant
changes to woo sceptics back into
the fold.
Republicans should just repeal
failing Obamacare now and work
on a new healthcare plan that will
start from a clean slate. Dems will
join in! Trump tweeted after Lee
and Moran made their opposition
known. AFP
someone inside began shoot-
prominent martial law critic Edcel
Lagman, who called Dutertes re-
quest illegal.
That would indicate the pos-
sibility of extending the coverage
of martial law outside Mindanao,
Lagman told AFP.
Lagman also warned of a po-
tential repeat of the military abus-
es and political repression during
the martial law regime of the late
dictator Ferdinand Marcos, whose
20-year rule ended with a bloodless
popular revolt in 1986.
The countrys constitution allows
the president to impose martial law
for up to 60 days, as well as allowing
authorities to detain suspects for
up to three days without charges
to suppress invasion or rebellion.
AFP
W O R L D 19
IN BRIEF
Australia creates
super ministry to
tackle terrorism
SYDNEY: Australia has created
a super ministry combining its
security agencies, including the
domestic spy service, border
force and national police, the
countrys prime minister said
yesterday, calling the histor-
ic change necessary to tackle
terrorism. The new home affairs
portfolio will be run by Immi-
gration Minister Peter Dutton
in a major shake-up of national
security arrangements. I am
announcing the most significant
reform of Australias national
intelligence and domestic se-
curity arrangements and their
oversight in more than 40 years,
Prime Minister Malcolm Turn-
bull said in Canberra. AFP
Singapore voids
marriage after husbands
sex change
SINGAPORE: Singapore has
voided the marriage of a couple
after the husband underwent a
sex change, making their part-
nership a same-sex union that
contravened the city states laws,
a report said yesterday. The cou-
ple married as man and woman
in 2015, but the husband under-
went a sex change operation and
updated his national identity
card to read female, The Straits
Times newspaper reported. But
when the unidentified couple
tried to buy a government-built
apartment, they had to inform
the authorities. Married couples
receive state grants for first-time
purchases of government apart-
ments. AFP
Nine-year-old boy
among 11 killed in
Chicago shootings
CHICAGO: A weekend of
bloodshed in Chicago left 11
people dead, including a nine-
year-old boy, as police strug-
gled to contain the gun vio-
lence plaguing the city in the US
heartland. The boy was killed
while riding in a sport utility ve-
hicle with a 31-year-old man. A
grey sedan pulled alongside and
ing, according to police who
did not identify either victim.
The older man was struck in
the back, face and chest, and
was in critical condition at a
hospital, police said. The young
boy died of a gunshot wound
to the back. AFP
Quake with magnitude
of 7.7 hits o Russia
WASHINGTON: An earthquake
with a magnitude of 7.7 struck
on Monday off the eastern coast
of Russia, according to the US
Geological Survey, causing offi-
cials to initially warn of a tsuna-
mi threat in parts of the Pacific.
But the Pacific Tsunami Warning
Center lifted that forecast a short
time later, saying it did not ex-
pect a destructive Pacific-wide
tsunami, and adding that there
was no threat to Hawaii. Minor
sea level fluctuations may occur
in some coastal areas near the
earthquake over the next few
hours, the centre said. AFP
20
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY H A NN A H M ERICAN
WORK. LIFE. BALANCE
CATCH the Hady Afro Trio at No Black Tie
tonight. The band will be performing a
tribute to Brazilian musician Antonio Carlos
Jobim, known for being behind the bossa
nova style. Sheikh Hady Basmeih, who is
known as Hady Afro, is a classical musician
inspired by John Williams, Andres Segovia
and Luis Salinas. The performance will be
on tonight at 9pm. There will be a cover
charge of RM42. No Black Tie is located at
17 Jalan Mesui, o Jalan Nagasari, Kuala
Lumpur. For more information, call (03)
2142 3737.
DISCOVER Russian music with the performance
With Love, From Russia at the Damansara
Performing Arts Centre (DPAC). The audience
will be entertained by Russian guitarist Grigory
Novikov, who will be performing a mixture
of classical music and Russian folk songs.
The selection of songs includes Fantasy in
A-dur by JK Mertz, Carpathian Rhapsody by
A Shevchenko and Dedication Romance by N
Osipov. Tickets are priced at RM40 per person.
The performance will start at 8.30pm. DPAC is
located at Empire Damansara, Jalan PJU8/8,
Damansara Perdana, Petaling Jaya. Buy your
tickets online at www.dpac.com.my.
READ Sapiens: A
Brief History of Hu-
mankind by Yuval
Noah Harari. With
Earth being 4.5 bil-
lion years old, one
species has dom-
inated the planet
human beings.
The book explores
what shapes us as
the most advanced
and destructive be-
ings to exist. What makes us deadly? And
how does this make us Homo sapiens? The
author explores who we are and where we
might be going. Sapiens: A Brief History of
Humankind is priced at RM63 and is avail-
able at Kinokuniya Online at www.malaysia.
kinokuniya.com.
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Alain Mabanckou
Arnaud Lanuque
LITERARY AND
CINEMATIC DELIGHTS
version of Le Petit Prince, visually brought thespians. Lanuques latest publication,
Hong Kong Book Fair to life through a reinterpretation by local Police vs Syndicats du Crime, investigates
illustrators Michelle Chan and Aria Lui. All Hong Kong cinema classics, complement-
highlights local films and three illustrators will share their thoughts ed with interviews of more than 40 in-
on Le Petit Prince in a Book Fair session, dustry players. At a Book Fair seminar,
international authors revealing different perspectives on recre- Lanuque will discuss the regional cine-
ating the art and narrative. ma with Hong Kong film critic Sam Ho.
T
he 28th edition of the Hong
Kong Book Fair will host Examining the origins and evolution
over 650 exhibitors from 37 of international economics, the book
countries and regions. Taking The Silver Way: China, Spanish America
place from today to July 25 at and the Birth of Globalisation, 1565-1815
the Hong Kong Convention delves into how trade between China and
and Exhibition Centre (HKCEC), the fair Latin America has flourished for cen-
will put the spotlight on the continued life turies; moreover, it offers insights into
of French classic Le Petit Prince and the the current worldwide economic land-
citys own history of film noir. Cdric scape. A Book Fair session will feature
Event highlights will include the fol- Fernandez the books authors, Peter Gordon and
lowing: Juan Jos Morales, in discussion. AFP
The International Cultural Village will
showcase local books exported and pre-
sented from 28 countries. The array of Born in the Republic of Congo, Alain
cultures spans representation from Co- Mabanckou is a leading French-language
lombia, Nepal, Pakistan, Switzerland and writer, translated into over a dozen lan-
the United Arab Emirates as well as a guages. He has written novels, essays,
European Union Pavilion, with showcases and poetry collections. Mabanckous Af-
from Belgium, France, Germany, Hun- ro-French background figures promi-
gary, Italy, Poland, Portugal and Spain. nently in his assorted writings. His latest
work, Black Moses, published this year,
recounts the life of a Congolese orphan
French literary classic Le Petit Prince (The in the 1970s, and examines the countrys
Little Prince) will be a point of focus. Comic deep-seated social troubles. Mabanckou
book author Cdric Fernandez (Saint-Ex- will address a Book Fair seminar.
upry: Le Seigneur des sables and Saint
Exupry: Le Royaume des toiles) echoes
the passion the original author, Antoine de Hong Kong-produced films will be inter-
Saint-Exupry, had for aviation both in his preted from a French perspective by way For further details, visit the Hong Kong
work and in real life. Further, a Hong Kong of critic Arnaud Lanuque, who co-wrote Book Fair website: http://www.hkbook-
publisher recently released a Cantonese the book Les Actrices Chinoises about Asian fair.com.
 live it! 21
WED N E S DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY

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

TRAVEL BY SUNIL JAGTIANI

Thailand wants more tourists who act like Australians

THAILAND is now so popular for holidays
that almost 35 million foreign tourists
equivalent to half of the countrys popu-
lation are expected this year.
As the influx gets harder to manage, the
government is shifting strategy. Its now
targeting a minimum increase in tourism
revenue of about 5% annually instead of
a particular number of visitors, Tourism
Minister Kobkarn Wattanavrangkul said.
That means encouraging longer stays and
higher daily spending, a mix the typical Aus-
tralian holidaymaker exemplifies, she said.
Maybe theyre the ones who are like:
this is my time I eat, I shop, and I eat, and
I shop, Kobkarn, 56, said in an interview.
Australian visitors were among the top
10 biggest spenders in terms of per capi-
ta daily expenditure last year, forking out
5,831 baht, tourism ministry data shows.
Their average length of stay of almost 14
days was the highest in that group. Some
nationalities take even longer holidays
but tend to be more parsimonious. British
tourists, for instance, stayed for just over
18 days on average while spending 4,376
baht daily.
Tourism is a bright spot for Thailands
economy, which faces challenges such as
political uncertainty and sluggish consumer
demand. The sector makes up about 18%
of gross domestic product, Kobkarn said
in the interview in Chiang Mai last month.
We no longer have a target for num-
ber of tourists, she said. We shouldnt go
beyond the limit that we can cope with.
But theres no statistic on that yet. When
people say that Phuket may be too crowd-
ed, or Bangkok is too crowded, we have to
make sure that we are introducing new
destinations too.
Arrivals from overseas more than dou-
bled in the past decade, powered by a surge
in Chinese holidaymakers who contributed
28% of 1.6 trillion baht in foreign tourism
receipts in 2016.
Affordability is one reason why Thailand
has usurped Malaysia as Southeast Asias
most popular destination, but Kobkarn said
the nation must focus on quality as well as
cost to tackle emerging competitive threats
from the likes of Myanmar and Vietnam.
Quality doesnt just mean targeting
wealthy tourists as Thailand needs travel-
lers on a variety of budgets, Kobkarn said.
Instead, it refers to offering good value
experiences that encourage return visits,
increase the average length of stay and
bolster daily spending per head, she said.
Visitors from the Middle East are the
biggest per capita daily spenders, according
to the tourism ministry data. Chinese tour-
ists stood out for above-average expend-
iture and sheer number of arrivals 8.8
million, dwarfing other nationalities and
making China the most important single
country for tourism receipts.
Thailands years-long tourism boom
slowed somewhat in recent months. Thats
partly because of terrorist bombings in re-
sort towns in August last year and a clamp-
down by the military government on some
operators of large Chinese tour groups,
which were judged to generate insufficient pacity. State-run Airports of Thailand Pcl delights of Bangkok or the perennially no- destination since a range of factors can pre-
local spending. is planning to invest about US$6 billion torious sex capital Pattaya. vent it being seen as the cheapest, such as
Arrivals are likely to pick up in the sec- (RM25.74 billion) over a decade to try to The Bank of Thailand forecasts 34.9 mil- rising wages or an appreciating exchange
ond half of 2017 as security concerns fade ease the bottlenecks. lion tourist arrivals this year, a climb of rate, Kobkarn said.
and Chinese visitors embrace independ- Even as Kobkarn tries to focus on rev- about 7% from 2016, and 37.3 million in Were working very hard for people not
ent travel over package tours, according to enue targets rather than visitor numbers, 2018. Thats projected to help Southeast to think only of the cost, she said. Were
Bloomberg Intelligence. That signals more arrivals are projected to climb, whether Asias second-largest economy expand not the best. We still have many negative
strain for the countrys airports, some of drawn by the allure of white-sand beaches 3.5% in 2017 and 3.7% next year. things. But were very sincere in improving
which are already stretched beyond ca- in resorts such as Krabi, the gastronomic Thailand needs to be a quality tourism ourselves. Bloomberg
22 F E AT U R E WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Chinas sharing economy

From bicycles to basketballs, everything is on loan
BY C H E A N G MI N G for years, Chinese start-ups have

S
tart-up E Umbrella may
have lost most of the
300,000 umbrellas it had
rented out in China, but
that is not the only con-
sumer good on loan in
the countrys burgeoning sharing
economy.
Whats yours is mine
More than US$500 billion worth
of transactions was carried out in
Chinas sharing economy last year,
according to a report from the coun-
trys State Information Center.
Meanwhile, 600 million people
are involved in activities related to
the sharing economy, which could
grow to account for 10% of Chinas
gross domestic product by 2020, the
report added.
Growth in the Chinese space is
occurring in tandem with the broad-
er global adoption of the phenome-
non with tech-savvy consumers
always on the lookout for affordable
conveniences. A key difference in
the Chinese sharing economy has
been the role of mobile technology
in driving developments.
Andrew Atkinson, consultancy
China Skinny marketing manager,
points to Chinas robust mobile us-
age as a factor facilitating growth in
the space, which has seen everything
from basketballs to battery packs
on loan.
Bikes
Mobike and Ofo may be the most
popular bike-sharing start-ups in
China right now, but the ultra-com-
petitive space has attracted many
other smaller players.
Apart from Mobikes or-
ange-and-silver bicycles and Ofos
iconic yellow ones, sky blue models
from Bluegogo (or Xiao Lan in Man-
darin), U-bicycles neon green offer-
ings and Qicais rainbow-coloured,
glow-in-the-dark bikes are just some
of the alternatives for users when
it comes to bike-sharing in China.
Approximately 30 companies offer
some form of bike-sharing services
in the Chinese market.
Once the registration and deposit
payment are completed, users pay as
little as 0.5 yuan (32 sen) for a half-
hour of use. Bike-sharing companies
also offer hongbao, or red packets,
where users stand to win cash re-
wards by riding bonus bikes.
Given the extremely low pric-
es users pay, bike-sharing firms
business models have led to reser-
vations over their sustainability in
the long term.
Eyebrows were raised when start-
up Wukong Bicycle closed down
after just six months of operations.
Wukongs failure to equip its bicycles
with the global positioning system
had resulted in the start-up famously
losing 90% of its inventory.
There are definitely questions
about how they make money at 0.5
or one yuan a trip ... With the im-
mense investments these companies
receive, there is really no urgency
for profitability at this stage, [but]
just a fight to expand market share,
Atkinson said.
kicked things up a notch by offering
shared-electric cars.
Among the services available is
EvCard, a rental service offering the
shared-use of Chinese-made electric
cars. High-end rental options include
Teslas or BMWs available at a differ-
ent fee structure.
After paying a deposit of around
1,000 yuan, EvCard users pay 15 yuan
for the first half-hour of use. Every
subsequent minute costs 0.5 yuan,
with a days use capped at a maxi-
mum of 180 yuan. This is often cheap-
er than travelling for an equivalent
amount of time by taxi.
While EvCard makes use of a sta-
tion model users have to visit
A man preparing to take a nap in a capsule bed at Xiangshui Space in Beijings specific locations to rent or drop off
Zhongguancun area, China. Photo by Reuters their rental electric cars other car-
shares have adopted a station-less
model, where users can park their
Basketball those less inclined to get their heart rental cars at any location, to differ-
Basketball-sharing service Zhulege- rates up: capsule beds for napping. entiate themselves.
qiu (a pun which translates into Xiangshui Space had rented out
rent a ball), debuted in April this sleeping pods at around 10 yuan Battery packs
year in Jiaxing city in Zhejiang prov- an hour. Local media reports from Shared portable batteries are anoth-
ince, has since expanded into cities Monday, however, said the chains er commodity on loan in the worlds
including Beijing, Shanghai and Beijing and Shanghai outlets had largest smartphone market. Start-ups
Hangzhou, Reuters reported. shuttered. The start-up behind the in the sector, including Ankebox and
To rent a ball, users scan a QR shared sleeping pods had report- Laidian, offer portable batteries at
code on the companys basket- edly not secured the relevant safety locations such as shopping centres,
ball-sharing lockers, mainly locat- licences or permits, Chinese media restaurants and other public places.
ed near basketball courts. Payments outlets said. Users rent the batteries by scanning a
are completed using WeChat. Before falling afoul with the au- QR code with a mobile app at around
Users initially have to pay a 69 thorities, the latest noveltys take-up 0.5 yuan for half an hour of use.
yuan deposit to use the basket- in the sharing economy had been Competition in the shared-bat-
ball-sharing service. While rental robust: All eight of Xiangshui Spaces tery space appears to be fierce, with
costs vary, an hour of use could napping pods in Beijings Chaoy- several battery-sharing start-ups
cost as little as one yuan. Students angmen gate tended to be at full already locked in patent infringe-
with identification cards can rent capacity during peak period, the ment lawsuits even though its still
Zhulegeqiu basketballs for free, South China Morning Post quoted early days in the industrys devel-
Technode said. an employee as saying. opment, online outlet Sixth Tone
reported. CNBC
Napping pods Electric cars
The sharing economy has also of- While peer-to-peer car-sharing and
fered more sedentary options for ride-sharing may have been around For more, visit www.cnbc.com

What Milton Friedman got right, and wrong, 50 years ago

BY F E R DI N A ND O GI U GL I ANO
PARADIGM shifts do not come often
in economics. From Adam Smith to
John Maynard Keynes, only a handful
of scholars can claim to have radical-
ly changed the way we think about
how markets should work and what
governments can do to improve their
functioning.
One such moment came almost 50
years ago when Milton Friedman
delivered his presidential address to
the American Economic Association
in Washington DC. The subject of the
speech was the role that monetary
policy can have in reducing unem-
ployment and boosting growth. In
Friedmans view, central banks can-
not reduce the long-run rate of un-
employment at which an economy
operates dubbed the natural rate
of unemployment. Were the mone-
tary authorities to stimulate demand
then, they would only prompt work-
ers to demand ever higher wages and
cause inflation to accelerate.
It was a matter of only a few years
before Friedmans speech acquired
a near-prophetic status. In the 1970s,
central banks tried to fight off the
recession caused by oil shocks by
slashing interest rates, but these pol-
icies only caused inflation to spiral
out of control. This led to a major re-
think of how monetary policy should
work: Ever since, central banks have
primarily sought to ensure inflation
remains low and stable and have
turned wary of stimulating the econ-
omy when they think it has hit the
natural rate of unemployment. In
this respect, Friedmans thinking is
alive and well today.
This does not mean his 1967 presi-
dential address has passed the test of
time entirely. Olivier Blanchard, In-
ternational Monetary Funds former
chief economist and now a fellow at
the Peterson Institute of International
Economics, is reviewing the useful-
ness of the natural rate hypothesis
known as non-accelerating inflation
rate of unemployment or Nairu
for a forthcoming publication. His
assessment, presented in Italy last
week at the University of Naples Fed-
erico II, offers a thoughtful account
of the various critiques which have
been levied at Friedman, but does
not refute a central implication of
his address: that structural policies
are needed to ensure more people
can find work when the economy is
running at full capacity.
Blanchards work clearly shows
that downturns cause far more per-
sistent scars than Friedmans theory
would suggest. His analyses of all
the recessions that took place in 22
advanced economies over the past
50 years show that, on average, the
unemployment rate remains higher
than it was during the boom, well
past the moment of the crisis. This
effect, which economists call hys-
teresis, is primarily the consequence
of what occurs in the labour market
after workers lose their jobs in a re-
cession: The longer they remain un-
employed, the higher the risk they
become disenfranchised, because
they lose the necessary skills for com-
panies to hire them or they become
discouraged and stop looking for a
job. This means the natural rate
is far less rigid than Friedman had
thought or made it seem.
The hysteresis hypothesis, the
subject of a multitude of studies in
the last 30 years, has major implica-
tions for todays central banks, espe-
cially in the US and the eurozone.
The US Federal Reserve (Fed) has
begun tightening monetary policy
as the unemployment rate is now
stable at around 4.5%, near what
most economists would consider
the natural rate.
Yet, labour force participation
only stands at 62.8%, which may
help explain why wage growth re-
mains subdued. Some economists,
including Minneapolis Fed president
Neel Kashkari, would like the Fed to
pause raising rates, as there is scope
for increasing employment without
stoking inflation.
Similarly, in the eurozone, the
European Central Bank (ECB) is
mulling when to taper its quanti-
tative easing programme as the re-
covery strengthens: At 9.3%, unem-
ployment has fallen to its lowest rate
since 2009, but the ECB believes a
real measure of slack in the economy
may be nearly twice as high because
of underemployment, where people
taking part-time or temporary work
or for which they are overqualified.
Assuming the natural rate is not
stable, the ECB should keep its stim-
ulus for some time yet to ensure
more workers are absorbed back
into the labour force.
However, Blanchard is careful not
to draw excessive policy implications.
He is right to be cautious. While he
has a strong case that the scars of a
recession are deeper than Friedmans
theory suggests, it is far less clear that
simply pressing on with the mone-
tary stimulus can bring workers who
have lost their skills back into the
workforce. Bloomberg
WED N ES DAY J U LY 1 9 , 20 17 THEED G E FINA NCIA L DA ILY
Discovery resumes
Olympics rights talks
ARD, ZDF have long tradition of broadcasting the Games in Germany
BY M AR I A SHEA H A N
FRANKFURT: Discovery Com-
munications has resumed talks
to sublicense broadcast rights
for the Olympic Games to Ger-
man state broadcasters ARD and
ZDF, the US-based company said
yesterday, confirming a newspa-
per report.
We cannot comment in detail
on ongoing negotiations, but we
can confirm that talks have re-
sumed, a spokesman for Discov-
ery said in an emailed statement.
Germanys Frankfurter All-
Hamilton
could walk away
from F1 or
maybe not
BY A L A N BA L DWI N
LONDON: Lewis Hamilton has
hinted that he could walk away
from Formula One (F1) at the
end of the season, while also in-
dicated that it is highly unlikely.
The triple world champion,
so often an enigma shrouded in
contradiction, offered little cer-
tainty after winning the British
Grand Prix for a record-equal-
ling fifth time. What came across
strongly, however, was that the
Mercedes driver felt in the form
of his life and would always
want to be a winner.
Apart from being with my
family, the happiest moment I
ever have is when I have got the
car on a knife-edge and thats
never really changed, he told
reporters after Sundays race at
Silverstone.
In terms of contracts and
stuff, I cant really say whats
going to happen six months
from now. But what I do know
is Im loving racing. I really, re-
ally do feel within myself that
Im driving better than I have
ever driven.
Hamilton has another year
and a half to go on his Mercedes
contract, and is now just one
point behind Ferraris Sebastian
Vettel in the standings at the
midpoint of the season.
While Hamilton has found
the life balance that works for
him, jetting across the Atlantic
in between races and taking a
holiday in Greece just days be-
fore Silverstone, questions are
regularly asked about his focus.
There has also been specula-
tion that he could seek to see out
his career at Ferrari. Reuters
gemeine Zeitung reported late
on Monday that the renewed ne-
gotiations were focused on the
2018 Winter Olympics in Pyeong-
chang, South Korea, for the mo-
ment, but said a cooperation on
subsequent Games had become
more likely.
In 2015, Discovery won the
European broadcast rights for
the Olympics from 2018 to 2024
for 1.3 billion, beating national
public broadcasters such as the
BBC and France Television.
It had been expected to pass
on some lucrative rights. But last
Fredericks suspended over
disgraced Diack payment
PARIS: Former world champion
sprinter Frankie Fredericks has
been provisionally suspended from
the International Association of
Athletics Federations (IAAF) ruling
council, pending an ethics inves-
tigation, the athletics ruling body
said on Monday.
Fredericks was stood down amid
a probe by the IAAFs integrity unit
led by former English Court of Ap-
peal judge Anthony Hooper, the
IAAF said.
Fredericks had already stepped
aside as head of the International
Olympic Committees evaluation
commission for the 2024 Olympics,
but the IAAF said it felt that it had
no choice but to officially suspend
him too.
The order for provisional sus-
November, ARD and ZDF said
they would not show the Olympic
Games for the first time, having
failed to clinch a deal.
Discovery said in its statement
yesterday that its goal was to bring
the Olympic Games to a larger
audience than ever before.
In Germany, ARD and ZDF
have a long tradition of broad-
casting the Olympic Games, and
both the audience and partners
respect the knowledge and expe-
rience that they can bring to the
table, it said.
That was why we invited them,
pension does not prejudge the out-
come of the investigation, which the
athletics integrity unit is carrying
out, the IAAF said.
In March, French daily Le
Monde said the former sprinter
received US$299,300 from Papa
Massata Diack, son of ex-IAAF
president Lamine Diack, on Oct
2, 2009, the day Rio de Janeiro
was awarded the right to host the
2016 Olympics.
Papa Massata and Lamine both
face charges in France over mil-
lions of dollars paid to cover up
doping failures by Russian athletes.
French investigators are also
looking into the possibility that
bribes were paid over the awarding
of the 2016 Olympic Games to Rio
and the 2020 Tokyo Games.
also as broadcaster of the 2018
Paralympics, to join us in a broad-
caster meeting in Pyeongchang.
ARD and ZDF were not imme-
diately available for comment.
Germanys Manager Magaz-
in said last year that initial talks
among Discovery and ARD and
ZDF had stalled over the price of
a sublicence.
The magazine said at the time
ARD and ZDF wanted to pay no
more than 100 million for the
broadcast rights in Germany,
while Discovery was demanding
at least 150 million. Reuters
The widely popular Fredericks
insists that the payments were for
promoting athletics events, and
the IAAF said on Monday the sus-
pension was not a presumption
of guilt.
The Namibian said the payment
had to do with a contract that was
signed in March 2007 for promo-
tional services between 2007 and
2011.
He is appealing the suspension,
insisting in a statement that he did
not break the IAAFs code of ethics.
He claims that the IAAFs deci-
sion to suspend him was based on
inaccuracies.
Former 200m world champion
Fredericks won silver in the 100m
and 200m at the 1992 and 1996
Olympic Games. AFP
S P O RT S 2 3
IN BRIEF
No medal for Malaysians
at 2017 world para
athletics meet
KUALA LUMPUR: Malaysian
paralympic athletes Moham-
ad Ridzuan Mohamad Puzi
and Mohd Nasharuddin Mo-
hamad failed to grab a podi-
um finish in their respective
events at the 2017 World Para
Athletics Championships in
London, England, on Monday.
Mohamad Ridzuan, the 2016
Rio Olympics gold medallist,
finished in fourth place in the
mens 200m T36 (cerebral pal-
sy), clocking 25.21 seconds in
the meet held at the London
Stadium in Queen Elizabeth
Olympic Park. James Michael
Turner of Australia smashed
his own world record after
posting 24.09 seconds to win
the gold medal, which was 0.06
faster than the previous world
record he set in the second
heat in the event on Sunday.
Bernama
Golf body tightens
female dress code
LONDON: A leading golf as-
sociation triggered criticism
after tightening rules over
what female golf players are
allowed to wear on the fair-
way, banning leggings, short
skirts and plunging necklines.
Women who break the new
rules risk being fined US$1,000
(RM4,290) with penalties
doubling each time the dress
code is broken, US magazine
Golf Digest reported. [The]
length of skirt, skort and shorts
must be long enough to not
see your bottom area (even if
covered by undershorts) at any
time, standing or bent over,
an email from Ladies Profes-
sional Golf Association pres-
ident Vicki Goetze-Ackerman
outlining the rules earlier this
month read. Reuters
Federer qualies for ATP
Finals for 15th time
BENGALURU: Roger Federer
has secured his place in the ATP
Finals for a record 15th time af-
ter the Swiss world No 3 won a
record eighth Wimbledon title
on Sunday, the Association of
Tennis Professionals confirmed
on Monday. The 35-year-old
six-time champion joins French
Open winner Rafael Nadal in
the season-ending tournament
at the O2 Arena in London,
having played in the event for
a record 14 consecutive years
from 2002 to 2015, before miss-
ing out last year through injury.
I look forward to returning to
London in November, Federer
said. Reuters
Woods outside top 1,000
in new rankings
LOS ANGELES: Tiger Woods
has dropped outside the top
1,000 players in the world for
the first time in his profession-
al career, the latest rankings
showed on Monday. The official
World Golf Ranking showed
Woods placed at 1,005, reflect-
ing the former world No 1s
injury-hit two years that have
seen him hardly play. AFP
2 4 S P O RT S
Spain football head held
Villar, others have been detained on allegations of collusion, fraud and embezzlement
BY I N M ACU L A DA SA NZ
MADRID: The head of Spains foot-
ball federation (RFEF) Angel Maria
Villar (pic), a Fifa vice-president,
was arrested yesterday after a raid
on several offices in Madrid as part
of an anti-corruption investigation,
police said.
Villar, his son named by Spanish
media as Gorka and several other
Spanish football federation members
were detained on allegations of col-
lusion, fraud and embezzlement, the
police said in a statement.
Spains High Court said one of
its investigating magistrates and
anti-corruption prosecutors are
leading the investigation.
The RFEF could not be reached
for comment.
Second Qatari stadium on schedule
for World Cup 2022 despite sanctions
DOHA: A second stadium be-
ing built for the football World
Cup 2022 in Qatar will be ready
on schedule next year despite
sanctions imposed by Gulf
neighbours, an official said on
Monday.
Al-Wakrah 40,000-seat stadi-
um, designed in the shape of a
boat by the late award-winning
architect Zaha Hadid, will come
in line after Khalifa stadium, de-
livered in May.
The current project is going
on schedule and Al-Wakrah sta-
dium will be delivered on time
by the end of next year, said
project manager Thani Khalifa
Al-Zarah.
On June 5, Saudi Arabia, the
United Arab Emirates, Bahrain
and Egypt imposed sanctions
on Qatar over accusations of
supporting extremism and be-
ing close to their arch-rival Iran.
The sanctions include block-
Barcelona announces record
708m revenue
BARCELONA: Barcelona an-
nounced on Monday a record in-
come of 708 million (RM3.51 bil-
lion) for the 2016/17 season with
an after-tax profit of 18 million.
The Spanish giant said the
healthy revenue was up 13 mil-
lion on the forecast figure in its
budget for the period.
A statement following the ap-
proval of the accounts at a board
meeting said the club had re-
duced its debt by 24.5 million
to 247 million.
The salaries of Lionel Messi,
Luis Suarez, Neymar and com-
pany accounted for 66% of Bar-
celonas expenditure, the state-
ment added.
Villar, a one-time midfielder for before withdrawing, after being
Athletic Bilbao, has been the fed- asked to stand for re-election at
erations head for nearly 30 years. the RFEF.
He was fined 25,000 Swiss
francs last year by Fifas ethics
committee for failing to co-
operate with an investi-
gation into the contest
to host the 2018 and
2022 World Cups that
triggered the worst cri-
sis in the football world
governing bodys history.
Villar is also a
vice-president of
Uefa and ran for
the presidency
of that body last
year to replace
Frenchman
Michel Platini
ing Qatars only land border with
Saudi Arabia, depriving Doha of
all imports by road, including
construction materials. More
than 50% of concrete work at
the stadium had been complet-
ed while steel material for the
roof structure had been deliv-
ered, said Zarah, insisting that
border blockade is not affecting
the project and that the contrac-
tor is responsible for securing
supplies.
They are currently looking
for alternatives and I dont think,
from a clients perspective, thats
a concern for us, he said, adding
that the blockade has opened
new markets for the country and
the contractors as well to explore.
World Cup organisers have
said preparations are continu-
ing as normal despite the crisis.
Qatar is building or refurbish-
ing eight stadiums for the 2022
event. AFP
Barcelona said the financial
results fit into the clubs strategic
plan for revenue to top 1 billion
by 2021.
The Catalan side is ranked the
fourth-most valuable sports team
in the world after the National
Football Leagues Dallas Cowboys,
Major League Baseballs New York
Yankees and Manchester United
by Forbes magazine.
Last season, Barcelona relin-
quished its Spanish title to Real
Madrid and was knocked out of
the Champions League at the
quarter-final stage by Juventus,
who went on to lose to Barcelo-
nas arch-rival Real in the final
in Cardiff. AFP
Fifa and Uefa said in separate
statements they were
aware of media re-
ports surround-
ing Villar but
had no further
comment.
Mourinho pleased as
Lukaku opens account
SALT LAKE CITY: Romelu Lukaku
bagged his first goal in a Manchester
United shirt on Monday as the 10-man
Premier League giant laboured to a
2-1 victory over Real Salt Lake in Utah.
Lukaku, who joined the Red Dev-
ils from Everton in a reported 75
million (RM418.8 million) transfer
last week, fired United ahead on 38
minutes, latching on to a low cross
from Henrikh Mkhitaryan.
The 24-year-old Belgian inter-
national striker had also been in-
volved in Uniteds equaliser scored
by Mkhitaryan in the 29th minute
after Luis Silva had given Salt Lake
a shock early lead.
Lukaku used his strength and
physical presence to hold off Real
Salt Lake defence to feed Jesse Lin-
gard, who provided the pass for Mkh-
itaryan to score.
United manager Jose Mourinho
is pleased with Lukakus display,
saying the former Chelsea player is
now a top striker.
Its just nice for him, not im-
portant for me, Mourinho said of
Lukakus first United goal.
Before he scored the goal, I told
him, I love everything you do on the
pitch. Dont be worried about scor-
Lukaku (right) attempting a shot at goal during the friendly match between Real Salt
Lake and Manchester United in Utah on Monday. Photo by Reuters
WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
The investigation into Villar,
already several months old, stems
from claims by the Spanish states
sports body in early 2016, po-
lice said.
At least four people were arrest-
ed in yesterdays raids, according
to police.
They included another RFEF
member and an executive from
the Tenerife football association,
who are accused of misappropri-
ating funds and siphoning them off
to a company they both manage,
police said.
The RFEF is due to hold an as-
sembly tomorrow to approve the
match schedule for Spains next
La Liga football season, a meet-
ing usually presided over by Vil-
lar. Reuters
ing or not scoring. He gets behind
people, works and presses well. Like
everything he does.
Its easy to feel it because he was
my player four years ago [and] his
evolution has been great. Hes now
a top striker. The goal is just a detail,
not important.
Uniteds win was marred by the
second-half dismissal of Antonio
Valencia for a reckless lunge on Se-
bastian Saucedo.
Valencia was given his march-
ing orders after a lengthy consul-
tation between the match referee
and Mourinho.
The referee asked me to change
the player and I didnt because I
dont agree with the card, Mourin-
ho said, before appearing to suggest
Saucedo was to blame.
[He] was really aggressive in the
second half. Thats what happens.
Some other actions were a bit dan-
gerous, Mourinho said.
Its young people with enthu-
siasm playing against Manchester
United but its a friendly match and
its a different mentality. But its pre-
season so no problem. It is good
experience for us to play with one
player less. AFP
IN BRIEF
Lineld, Celtic charged
after Champions League
qualier violence
LONDON: Linfield and Celtic
have been charged after violent
scenes at last weeks Champi-
ons League match in Belfast,
Uefa said on Monday. Linfield
has been charged after its fans
threw objects onto the pitch and
invaded the playing area at the
end of the 2-0 defeat in the sec-
ond-round first-leg qualifier.
Celtic striker Leigh Griffiths, who
had a bottle thrown at him, has
been charged with provoking
spectators, while Celtic faces
an improper conduct charge for
receiving five yellow cards. The
disciplinary charges will be dealt
with tomorrow, the day after the
teams meet in the return leg in
Glasgow. Reuters
Ancelotti: Rodriguez
not at Bayern Munich
to replace Mueller
SHANGHAI: Bayern Munich
coach Carlo Ancelotti rubbished
suggestions yesterday that James
Rodriguez was signed to replace
misfiring German international
Thomas Mueller. The Colombian
last week joined the Bundesliga
champion from Real Madrid
on a two-year loan that some
have interpreted as a threat to
Mueller. Of course we did not
buy James to replace Thomas
Mueller, Ancelotti told a press
conference. We did not buy
James to replace anyone. We
bought James to have a better
team, and with James we have a
team with better quality. AFP
Everton signs Martina
from Southampton
on free transfer
LONDON: Evertons busy trans-
fer window shows no signs of
letting up after it announced
the signing of defender Cuco
Martina from Southampton
on a free transfer on Monday.
The 27-year-old has signed a
three-year deal at Goodison
Park and again links up with
manager Ronald Koeman, who
coached him at the south-coast
club. Netherlands-born Martina,
who captains Curacao at inter-
national level, becomes the Tof-
fees seventh summer signing,
joining Wayne Rooney, Sandro
Ramirez, Henry Onyekuru, Davy
Klaassen, Jordan Pickford and
Michael Keane at the Premier
League club. AFP
No bids received for
Leicester winger Mahrez,
says Shakespeare
HONG KONG: Leicester City has
yet to receive any bids for winger
Riyad Mahrez, manager Craig
Shakespeare said yesterday, de-
spite the Algerian announcing
his intention to leave the Pre-
mier League club at the end of
last season. Mahrez has been
linked with a move to AS Roma
but the 2015/16 Premier League
champion has not been con-
tacted by the Italian side about
a transfer for the 26-year-old, he
said. Outgoings are inevitable at
any football club but until theres
a bid for your player, theres no
decision to be made. Reuters
WED N ES DAY J U LY 1 9 , 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 0.810 0.795 7609 AJIYA 0.810 UNCH 704 0.802 12.07 2.47 246.7
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.095 5.5
2.099 0.651 1.730 1.690 2674 ALCOM 1.730 0.030 377.5 1.705 19.70 11.85 232.4
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.800 0.740 4758 ANCOM 0.800 0.040 5554.3 0.782 21.51 175.2
3.550 1.095 3.120 3.060 6556 ANNJOO 3.090 0.010 220.1 3.101 6.58 2.91 1,641.7
KLSE COMPOSITE 1,754.92 -0.27 -0.02 TECHNOLOGY 36.47 0.40 1.11 0.551 0.115 0.125 0.115 9342 ANZO 0.115 -0.005 21706.3 0.120 92.4
KLSE INDUSTRIAL 3,266.74 -6.50 -0.20 FTSE BURSA 100 12,158.11 10.73 0.09 1.100 0.825 1.040 1.030 5568 APB 1.040 -0.060 86.7 1.034 13.02 6.25 117.4
CONSUMER PRODUCT 626.35 -0.26 -0.04 FTSE BURSA MID 70 14,918.71 60.53 0.41 4.147 3.220 3.910 3.900 5015 APM 3.900 -0.010 4.8 3.904 15.32 3.85 786.2
1.240 0.735 1.080 1.070 7214 ARANK 1.080 -0.010 159.9 1.078 7.31 2.78 129.6
INDUSTRIAL PRODUCT 153.70 -0.03 -0.02 FTSE BURSA SMALL CAP 17,286.47 90.49 0.53 1.230 0.671 1.190 1.170 7162 ASTINO 1.170 0.020 797.9 1.181 8.46 0.85 320.7
CONSTRUCTION 333.98 0.71 0.21 FTSE BURSA FLEDGLING 19,261.53 56.68 0.30 1.480 0.384 1.120 1.080 7099 ATTA 1.120 0.040 938.8 1.102 4.66 6.97 121.2
TRADE & SERVICES 229.80 0.20 0.09 FTSE BURSA EMAS 12,517.54 14.70 0.12 2.550 1.442 2.200 2.120 8133 BHIC 2.170 -0.020 3.5 2.146 5.42 1.38 539.2
0.570 0.390 7005 BIG 0.420 20.2
KLSE FINANCIAL 16,658.96 16.42 0.10 FTSE BUR MSIA ACE 6,822.75 -25.42 -0.37 0.550 0.095 0.550 0.455 7187 BKOON 0.545 0.090 36587.6 0.505 150.8
KLSE PROPERTY 1,279.18 8.70 0.68 FTSE BUR EMAS SHARIAH 12,710.03 18.82 0.15 1.110 0.755 0.910 0.905 168 BOILERM 0.905 -0.005 45.5 0.907 20.20 1.66 467.0
KLSE PLANTATION 7,864.33 23.29 0.30 FTSE BUR HIJRAH SHARIAH 13,926.47 12.87 0.09 2.425 1.640 6297 BOXPAK 1.640 196.9
1.657 1.293 1.400 1.390 5100 BPPLAS 1.400 0.010 10 1.398 16.73 5.71 262.8
KLSE MINING 490.39 Unch Unch FTSE/ASEAN 40 10,405.93 26.69 0.26 0.400 0.295 0.305 0.305 9938 BRIGHT 0.305 -0.005 4 0.305 50.1
0.675 0.210 0.470 0.440 7221 BSLCORP 0.450 0.010 964.8 0.460 5.99 44.1
0.365 0.200 0.255 0.250 7188 BTM 0.250 -0.005 225.7 0.250 56.82 31.3
3.785 3.182 3.460 3.400 5105 CANONE 3.460 0.070 331.4 3.432 7.35 1.16 664.8
0.035 0.005 5229 CAP 0.010 13.6
2.200 1.910 2.080 2.030 7076 CBIP 2.050 UNCH 286.8 2.038 9.21 2.93 1,103.4

Bursa Malaysia Main Market 1.650 0.782 1.540

1.800 1.450
1.150 1.020


1.510


2879
8435
8044
CCM
CEPCO
CFM
1.530
1.450
1.100
0.020


71.2


1.521


57.09
73.23

3.27


700.2
64.9
45.1
1.860 1.309 1.800 1.790 5007 CHINWEL 1.800 UNCH 161.6 1.798 9.38 4.44 539.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 2.500 1.400 2.270 2.250 5797 CHOOBEE 2.250 -0.010 80.6 2.261 7.34 2.67 247.3
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 1.150 0.680 8052 CICB 1.110 28.24 55.5
CONSUMER PRODUCTS 0.075 0.050 0.050 0.050 7018 CME 0.050 UNCH 0.1 0.050 24.3
0.795 0.550 0.555 0.550 7120 ACOSTEC 0.555 UNCH 176.9 0.550 693.75 4.50 98.7 4.628 3.466 4.050 3.920 2852 CMSB 3.980 -0.080 1152.7 3.953 22.40 1.58 4,276.0
4.887 3.576 7090 AHEALTH 4.700 15.63 2.45 550.6 0.540 0.200 7986 CNASIA 0.400 0.79 18.2
25.500 12.677 25.500 25.100 2658 AJI 25.460 0.460 83.8 25.409 8.26 1.33 1,547.9 1.559 1.241 1.330 1.320 5071 COASTAL 1.320 UNCH 116.7 1.320 15.07 1.52 701.7
0.380 0.210 7051 AMTEK 0.350 17.5 1.150 0.665 0.820 0.795 7195 COMCORP 0.820 0.025 1658.2 0.809 7.73 114.8
6.007 4.970 5.480 5.260 6432 APOLLO 5.370 0.170 161.8 5.367 24.08 4.66 429.6 0.945 0.620 0.885 0.865 2127 COMFORT 0.880 0.020 1807.9 0.874 10.11 491.7
1.110 0.800 7722 ASIABRN 0.860 68.0 2.156 1.134 1.800 1.780 5094 CSCSTEL 1.790 UNCH 373 1.790 9.61 5.59 680.2
3.979 3.140 3.160 3.140 7129 ASIAFLE 3.150 -0.010 47.6 3.150 10.83 2.22 613.5 0.015 0.005 22 CYBERT 0.005 0.5
52.986 39.606 43.820 42.760 4162 BAT 43.000 -0.580 303.1 43.122 18.48 5.05 12,277.8 0.838 0.705 7157 CYL 0.710 56.35 5.63 71.0
0.120 0.035 0.085 0.080 7243 BIOOSMO 0.080 -0.005 213 0.083 63.6 0.410 0.280 5082 CYMAO 0.325 24.4
0.740 0.540 0.595 0.590 9288 BONIA 0.595 0.005 740 0.591 17.10 2.10 479.7 2.380 1.692 2.200 2.200 8125 DAIBOCI 2.200 UNCH 58.3 2.200 30.22 2.00 721.4
3.110 1.514 3.010 2.970 7174 CAB 2.990 0.020 284.6 2.988 12.66 0.33 578.2 1.510 0.315 1.250 1.220 8176 DENKO 1.240 0.030 45 1.227 129.5
0.549 0.465 0.475 0.475 7154 CAELY 0.475 UNCH 80 0.475 6.99 2.11 38.0 0.330 0.215 7114 DNONCE 0.290 52.5
0.340 0.260 0.290 0.285 7128 CAMRES 0.285 -0.035 10 0.288 28.79 3.51 56.1 0.435 0.280 5835 DOLMITE 0.285 129.55 77.7
15.180 13.107 15.180 15.000 2836 CARLSBG 15.180 0.100 80.9 15.136 22.16 4.74 4,676.6 0.430 0.250 5835PA DOLMITE-PA 0.270 3.3
1.028 0.519 0.895 0.890 7035 CCK 0.895 0.005 314.1 0.893 11.90 2.23 282.2 0.600 0.155 0.260 0.235 5265 DOLPHIN 0.245 0.005 5295.8 0.247 54.4
2.388 1.867 2.170 2.150 7148 CCMDBIO 2.150 -0.020 9.5 2.154 21.00 3.02 599.8 1.310 1.046 7169 DOMINAN 1.270 9.14 3.94 209.6
2.700 2.250 2.370 2.370 2828 CIHLDG 2.370 UNCH 3.4 2.370 15.77 2.11 383.9 1.860 0.887 1.680 1.650 1619 DRBHCOM 1.670 0.020 6223.9 1.663 1.20 3,228.5
0.050 0.020 0.025 0.025 5188 CNOUHUA 0.025 UNCH 20 0.025 16.7 1.606 0.540 1.360 1.290 7233 DUFU 1.340 0.030 822.7 1.335 8.09 3.36 235.1
3.180 1.745 3.080 3.060 7205 COCOLND 3.070 -0.010 294.2 3.075 15.63 5.05 702.4 0.985 0.795 0.805 0.795 8907 EG 0.805 0.005 145.6 0.800 7.52 170.3
1.960 1.320 1.780 1.770 7202 CSCENIC 1.780 -0.010 67.9 1.770 16.78 6.18 214.5 1.100 0.860 0.980 0.945 9016 EKSONS 0.945 -0.015 7.7 0.980 155.2
0.095 0.055 0.065 0.060 5214 CSL 0.065 UNCH 602.1 0.060 8.23 80.8 0.927 0.510 0.750 0.720 7217 EMETALL 0.745 0.020 441.4 0.737 17.09 3.36 127.5
0.810 0.685 0.710 0.695 9423 CWG 0.695 UNCH 37 0.700 3.85 5.04 58.5 0.885 0.500 0.680 0.600 7773 EPMB 0.600 -0.030 21 0.659 1.67 99.6
0.060 0.025 0.030 0.025 7179 DBE 0.025 -0.005 922 0.028 83.33 34.5 0.443 0.367 0.420 0.400 190 ESAFE 0.415 0.015 3222.6 0.413 12.73 99.8
1.000 0.740 7119 DEGEM 0.970 11.62 2.58 130.0 1.140 0.735 0.865 0.845 5101 EVERGRN 0.850 -0.015 3157.3 0.852 11.42 2.35 719.5
62.795 52.364 58.500 58.280 3026 DLADY 58.400 0.300 8.5 58.386 25.41 1.71 3,737.6 0.932 0.580 0.650 0.585 7249 EWEIN 0.635 0.045 261.7 0.609 14.33 0.79 191.5
0.115 0.070 0.090 0.085 7198 DPS 0.090 UNCH 1001.1 0.085 900.0 52.9 1.380 1.011 1.320 1.320 2984 FACBIND 1.320 UNCH 23.7 1.320 11.76 1.89 112.4
0.105 0.020 0.070 0.070 7182 EKA 0.070 UNCH 340 0.070 21.8 3.020 2.270 2.820 2.810 7229 FAVCO 2.820 0.010 14.9 2.813 8.19 5.32 624.4
0.360 0.140 0.260 0.245 9091 EMICO 0.255 0.005 1285 0.252 16.04 24.5 0.800 0.486 0.690 0.690 149 FIBON 0.690 UNCH 60.2 0.690 10.53 1.81 67.6
2.046 1.400 7149 ENGKAH 1.520 44.31 3.95 107.6 2.370 2.020 2.310 2.300 3107 FIMACOR 2.300 -0.010 85.2 2.301 14.72 5.43 564.1
0.270 0.195 0.200 0.200 7208 EURO 0.200 UNCH 35 0.200 25.97 48.6 1.820 1.368 1.760 1.730 5197 FLBHD 1.740 -0.010 213.1 1.744 8.12 8.62 179.6
0.820 0.630 0.730 0.680 7094 EUROSP 0.730 0.040 12 0.709 32.4 1.420 1.330 3611 GBH 1.340 154.02 250.0
26.000 21.887 25.500 25.180 3689 F&N 25.280 0.040 345.5 25.291 24.53 2.27 9,272.2 2.470 1.450 7197 GESHEN 2.130 10.02 170.4
1.205 0.815 0.895 0.865 2755 FCW 0.865 -0.080 2.1 0.889 71.49 1.73 216.2 0.085 0.040 0.060 0.055 5220 GLOTEC 0.055 -0.005 6598.6 0.056 296.0
0.875 0.620 0.695 0.685 8605 FFHB 0.690 -0.010 55 0.691 11.60 1.45 75.2 0.735 0.220 0.245 0.245 7192 GOODWAY 0.245 -0.020 15 0.245 27.1
1.050 0.655 1.050 1.030 9172 FPI 1.050 0.030 1227.8 1.041 11.99 5.71 259.7 0.135 0.085 0.100 0.100 7096 GPA 0.100 UNCH 285 0.100 12.20 98.0
2.070 0.725 1.760 1.720 7184 G3 1.720 -0.050 54 1.734 236.5 0.425 0.255 0.320 0.310 5649 GPHAROS 0.320 UNCH 60 0.314 43.1
1.340 0.858 1.240 1.220 5102 GCB 1.240 UNCH 174.8 1.233 17.13 1.21 595.4 0.245 0.196 0.210 0.210 136 GREENYB 0.210 UNCH 820.3 0.210 40.38 2.86 70.1
3.020 2.350 2.880 2.880 5606 GOLDIS 2.880 UNCH 5 2.880 8.45 0.69 1,760.8 0.145 0.085 7077 GSB 0.105 55.4
0.110 0.030 5187 HBGLOB 0.050 23.4 1.050 0.749 0.940 0.935 3247 GUH 0.935 UNCH 90.3 0.938 13.22 3.74 259.8
19.100 15.038 17.960 17.760 3255 HEIM 17.760 -0.180 50 17.817 19.77 6.48 5,365.3 1.180 0.235 0.900 0.900 5151 HALEX 0.900 0.005 18 0.900 95.4
10.600 7.919 10.500 10.460 3301 HLIND 10.460 UNCH 5.7 10.461 11.65 3.35 3,429.9 7.400 3.996 6.840 6.740 5168 HARTA 6.750 -0.120 2274.7 6.768 39.15 1.19 11,104.4
1.019 0.822 0.945 0.935 5160 HOMERIZ 0.945 0.010 125.7 0.939 10.44 4.23 283.5 6.600 2.950 7105 HCK 5.350 486.36 450.7
0.405 0.240 0.320 0.315 7213 HOVID 0.320 UNCH 351.2 0.318 23.36 3.13 262.7 6.300 1.990 5.880 5.800 4324 HENGYUAN 5.860 0.060 401 5.840 3.43 1,758.0
1.286 1.113 1.220 1.210 5024 HUPSENG 1.210 UNCH 49 1.214 20.44 3.31 968.0 1.540 0.983 1.540 1.510 5095 HEVEA 1.520 -0.010 871.3 1.527 8.56 4.67 820.1
0.630 0.450 0.505 0.505 8478 HWATAI 0.505 0.030 12 0.505 180.36 37.8 1.200 0.811 0.980 0.980 3298 HEXZA 0.980 0.005 30 0.980 7.13 4.59 196.4
4.390 1.759 4.390 4.190 5107 IQGROUP 4.390 0.140 246.9 4.246 13.60 2.51 386.4 0.410 0.240 0.380 0.375 5072 HIAPTEK 0.375 -0.005 4621.3 0.376 12.63 0.80 491.1
1.460 0.919 1.380 1.360 7152 JAYCORP 1.370 -0.010 157 1.366 8.36 3.65 188.0 0.560 0.180 0.410 0.405 5199 HIBISCS 0.405 -0.010 2863.7 0.407 4.63 584.8
0.740 0.505 8931 JERASIA 0.570 8.10 46.8 1.276 0.840 7033 HIGHTEC 1.100 7.45 3.18 44.7
2.618 1.510 1.580 1.520 5247 KAREX 1.540 -0.010 2764.4 1.552 41.51 1.30 1,543.7 1.250 0.700 1.130 1.120 8443 HIL 1.120 -0.010 6 1.129 19.02 1.34 312.2
5.070 3.153 4.750 4.700 7216 KAWAN 4.720 -0.020 74.2 4.710 34.30 0.53 1,272.7 0.405 0.270 5165 HOKHENG 0.350 35.35 28.0
0.260 0.040 0.160 0.160 8303 KFM 0.160 UNCH 32 0.160 10.9 0.055 0.020 0.035 0.035 2739 HUAAN 0.035 UNCH 87.5 0.035 39.3
0.920 0.716 0.785 0.780 6203 KHEESAN 0.785 0.005 61.4 0.782 16.81 1.27 81.6 3.385 2.130 2.230 2.200 5000 HUMEIND 2.220 UNCH 24.6 2.217 41.65 0.90 1,063.6
2.700 1.875 7062 KHIND 2.200 10.91 4.55 88.1 0.075 0.045 0.055 0.050 9601 HWGB 0.055 0.005 202 0.050 54.9
2.210 0.995 2 KOTRA 1.890 18.79 1.06 252.1 0.890 0.730 0.750 0.750 9687 IDEALUBB 0.750 UNCH 30 0.750 5.49 82.9
0.140 0.050 0.085 0.075 5172 KSTAR 0.080 UNCH 131.4 0.077 23.4 2.070 1.700 1.700 1.700 7222 IMASPRO 1.700 -0.090 0.1 1.700 17.12 2.06 136.0
6.000 4.509 5.480 5.350 7006 LATITUD 5.470 0.150 210.6 5.450 7.14 2.19 531.7 0.300 0.165 0.180 0.170 7183 IRETEX 0.180 UNCH 186 0.175 24.8
0.950 0.785 0.910 0.895 9385 LAYHONG 0.905 -0.005 303 0.903 30.17 0.55 550.9 0.085 0.055 0.060 0.055 7223 JADI 0.060 0.005 549.9 0.056 56.5
0.377 0.261 0.320 0.315 8079 LEESK 0.320 0.005 66 0.319 11.35 3.13 53.7 0.175 0.137 0.145 0.145 8648 JASKITA 0.145 UNCH 87.5 0.145 6.90 65.2
3.332 2.674 3.250 3.220 7089 LIIHEN 3.230 -0.010 379.6 3.233 7.83 4.95 581.4 0.110 0.030 2747 JAVA 0.035 6.1
0.820 0.710 0.745 0.740 7126 LONBISC 0.745 -0.005 97 0.744 9.61 139.0 1.120 0.892 7043 JMR 1.100 169.23 139.5
1.890 1.212 1.690 1.640 7085 LTKM 1.690 0.050 5.1 1.641 18.29 1.78 219.9 1.729 0.825 1.540 1.510 7167 JOHOTIN 1.520 -0.020 621.3 1.521 7.54 1.73 419.3
7.920 3.722 7.480 7.400 7087 MAGNI 7.480 0.080 112.4 7.420 10.13 1.87 1,217.2 1.460 1.064 1.150 1.120 4383 JTIASA 1.140 0.020 1431.5 1.137 14.56 1.14 1,110.0
0.045 0.015 0.020 0.020 5189 MAXWELL 0.020 0.005 365 0.020 8.0 0.310 0.160 0.290 0.280 54 KARYON 0.290 UNCH 2395.1 0.286 27.36 138.0
1.266 0.974 5886 MBG 1.080 25.17 2.78 65.7 0.922 0.680 0.735 0.720 7199 KEINHIN 0.735 0.035 45.3 0.726 10.32 2.04 72.8
2.500 1.285 2.450 2.400 3662 MFLOUR 2.450 0.020 639.3 2.435 15.30 2.65 1,348.2 0.545 0.340 0.365 0.360 6211 KIALIM 0.365 UNCH 78 0.362 22.6
0.990 0.800 7935 MILUX 0.880 47.9 3.009 2.733 2.990 2.960 3522 KIANJOO 2.960 -0.020 73 2.974 9.72 1.35 1,314.7
5.005 4.020 4.050 4.040 5202 MSM 4.050 0.010 69.2 4.048 106.30 3.46 2,847.1 2.363 1.511 1.960 1.960 5371 KIMHIN 1.960 0.020 5.4 1.960 8.48 3.06 305.0
0.035 0.030 5150 MSPORTS 0.035 21.2 0.085 0.025 0.040 0.040 5060 KINSTEL 0.040 UNCH 1190 0.040 42.0
1.826 1.184 1.460 1.450 3921 MWE 1.450 -0.010 92 1.458 2.55 1.38 335.8 1.700 1.090 1.230 1.220 9466 KKB 1.220 -0.020 69 1.223 3.28 314.5
85.200 72.962 84.200 83.700 4707 NESTLE 83.900 -0.100 53.9 83.955 30.42 3.22 19,674.6 0.455 0.235 0.250 0.240 7164 KNM 0.245 -0.005 3978.2 0.245 528.3
4.880 2.672 4.570 4.400 7060 NHFATT 4.500 0.100 33.1 4.514 10.61 2.44 338.2 1.129 0.751 0.925 0.920 6971 KOBAY 0.920 -0.020 24 0.922 14.84 93.9
0.130 0.070 0.090 0.085 7139 NICE 0.090 UNCH 435 0.090 25.71 30.0 0.376 0.240 0.250 0.245 7017 KOMARK 0.245 -0.005 133.5 0.245 30.5
0.315 0.240 0.260 0.250 7215 NIHSIN 0.255 0.005 278.6 0.258 60.8 7.150 5.565 7.060 7.000 7153 KOSSAN 7.000 -0.050 229.4 7.034 27.57 1.57 4,476.3
0.905 0.775 0.795 0.780 5066 NTPM 0.795 0.005 319 0.791 18.07 3.02 892.9 1.110 0.345 0.985 0.950 7130 KPOWER 0.980 0.010 119.6 0.967 55.2
0.690 0.345 0.585 0.560 7071 OCR 0.580 0.015 323.6 0.573 142.6 5.118 4.606 4.920 4.900 3476 KSENG 4.920 -0.010 32.6 4.911 12.63 2.03 1,778.5
0.250 0.040 0.130 0.120 7071PA OCR-PA 0.125 0.005 3558.4 0.126 82.0 0.580 0.341 0.500 0.495 5192 KSSC 0.495 -0.005 380.6 0.496 8.97 3.03 47.5
2.389 1.353 1.700 1.600 7107 OFI 1.670 0.070 228.2 1.618 21.97 2.40 400.8 0.775 0.295 0.715 0.690 8362 KYM 0.695 -0.005 504.7 0.700 26.63 104.2
7.300 6.290 6.610 6.600 4006 ORIENT 6.600 UNCH 34.8 6.602 14.80 3.03 4,094.6 8.400 5.060 5.780 5.710 3794 LAFMSIA 5.710 -0.040 136.9 5.721 722.78 3.50 4,851.8
3.780 2.222 3.780 3.610 7052 PADINI 3.750 0.130 1607.5 3.711 15.89 2.67 2,467.2 0.940 0.549 0.775 0.740 9326 LBALUM 0.775 0.030 1371.6 0.755 10.72 2.58 192.6
38.422 30.120 37.400 37.300 3719 PANAMY 37.340 -0.140 0.3 37.347 17.87 3.72 2,268.2 0.614 0.448 0.515 0.510 5092 LCTH 0.515 0.005 163.6 0.512 13.07 4.85 185.4
0.774 0.516 0.530 0.530 5022 PAOS 0.530 -0.005 5 0.530 32.92 3.08 96.0 6.530 6.330 6.430 6.400 5284 LCTITAN 6.410 0.010 954.8 6.409 8.42 15,821.6
0.650 0.300 0.495 0.460 9407 PARAGON 0.485 0.005 20.5 0.462 21.56 34.0 0.844 0.417 0.720 0.700 5232 LEONFB 0.720 0.020 925.3 0.713 6.22 2.08 223.2
0.660 0.310 0.500 0.500 6068 PCCS 0.500 -0.020 20 0.500 30.0 0.440 0.100 0.300 0.280 8745 LEWEKO 0.300 0.010 2679.9 0.291 96.6
1.060 0.700 0.870 0.870 5231 PELIKAN 0.870 -0.020 6.1 0.870 177.55 481.4 0.080 0.020 0.050 0.045 2887 LIONDIV 0.050 UNCH 62.1 0.045 69.6
0.235 0.145 0.190 0.190 4081 PMCORP 0.190 UNCH 253.8 0.190 10.56 146.9 1.280 0.275 1.180 1.120 4235 LIONIND 1.160 0.040 3416.3 1.153 832.8
0.515 0.441 0.495 0.490 5080 POHKONG 0.495 0.005 18.5 0.493 11.25 2.02 203.1 0.665 0.285 0.580 0.555 9881 LSTEEL 0.580 0.030 1246.3 0.566 8.38 74.3
1.998 1.422 1.940 1.930 7088 POHUAT 1.940 0.010 431.6 1.932 7.22 4.12 440.3 0.160 0.050 0.125 0.115 5068 LUSTER 0.120 UNCH 11526.3 0.120 237.1
17.300 15.159 17.000 16.720 4065 PPB 16.840 -0.040 1104 16.837 17.25 1.48 19,963.8 3.875 3.336 3.720 3.680 9199 LYSAGHT 3.720 0.020 7.4 3.698 9.86 1.88 154.7
0.720 0.489 0.610 0.605 7190 PPG 0.610 0.005 13.7 0.609 11.73 2.26 61.0 1.280 0.500 1.030 0.995 5098 MASTEEL 1.030 0.030 2639.2 1.004 8.17 251.8
1.686 1.260 1.300 1.270 8966 PRLEXUS 1.290 0.010 198.7 1.282 9.06 2.33 230.8 0.855 0.475 0.685 0.665 7029 MASTER 0.685 0.015 375 0.670 11.98 1.46 37.4
1.170 0.636 1.060 1.030 7134 PWF 1.030 -0.010 142.6 1.041 17.31 2.64 172.4 1.170 0.863 1.020 1.010 5152 MBL 1.020 UNCH 35.3 1.013 7.40 3.92 93.8
2.705 1.840 2.350 2.340 7237 PWROOT 2.350 -0.020 190.3 2.348 16.55 4.89 775.2 0.870 0.618 0.810 0.800 7004 MCEHLDG 0.810 UNCH 54.5 0.809 21.26 1.85 36.0
5.000 4.143 4.910 4.900 7084 QL 4.910 UNCH 53.7 4.909 31.27 0.87 6,127.8 0.660 0.290 0.300 0.295 3778 MELEWAR 0.300 0.005 327.7 0.298 67.7
2.380 1.460 2.360 2.320 9946 REX 2.360 0.050 132.6 2.339 105.36 0.85 145.5 0.789 0.478 0.690 0.670 5223 MENTIGA 0.690 0.020 6.9 0.687 9.77 1.45 48.3
1.890 1.060 1.500 1.500 183 SALUTE 1.500 UNCH 28.5 1.500 23.01 1.60 582.0 1.426 1.062 8192 MERCURY 1.290 13.65 9.30 51.8
1.609 1.000 1.380 1.360 5252 SASBADI 1.370 0.010 189 1.365 21.61 1.64 382.8 1.837 1.596 6149 METROD 1.710 17.57 3.51 205.2
0.390 0.275 0.340 0.340 5157 SAUDEE 0.340 UNCH 171.6 0.340 377.78 40.8 1.068 0.333 0.930 0.915 5001 MIECO 0.920 -0.005 293.9 0.922 8.47 4.35 483.0
1.430 1.000 1.390 1.380 7180 SERNKOU 1.390 0.010 33.9 1.386 166.8 0.150 0.075 0.130 0.125 7219 MINETEC 0.125 UNCH 1303.2 0.129 91.4
0.845 0.580 0.660 0.650 7165 SGB 0.650 -0.005 100 0.652 111.2 0.784 0.515 0.530 0.515 5576 MINHO 0.520 -0.015 53.1 0.520 8.95 114.2
0.220 0.060 0.205 0.200 7165PA SGB-PA 0.205 0.010 195 0.200 91.7 4.403 2.677 3.930 3.900 5916 MSC 3.920 UNCH 80.5 3.912 14.63 2.04 392.0
2.065 1.480 1.510 1.510 7412 SHH 1.510 0.010 2 1.510 14.30 6.62 75.5 2.070 1.373 1.510 1.500 3883 MUDA 1.510 -0.010 192 1.510 17.81 1.99 460.6
1.070 0.800 0.920 0.900 7246 SIGN 0.900 0.005 50 0.907 4.99 5.56 216.3 1.200 0.435 0.790 0.775 5087 MYCRON 0.790 0.015 163.2 0.781 6.16 224.0
0.915 0.194 0.700 0.685 8532 SINOTOP 0.700 UNCH 151.4 0.696 51.85 276.4 0.240 0.035 7002 NAKA 0.180 10.0
0.865 0.600 0.725 0.680 9776 SMCAP 0.700 -0.025 663.7 0.693 36.65 42.8 0.385 0.190 0.200 0.200 5025 NWP 0.200 UNCH 324.1 0.200 72.2
0.385 0.200 7943 SNC 0.335 44.67 22.1 1.190 0.492 1.040 0.985 4944 NYLEX 1.040 0.040 1255.3 1.019 9.94 1.92 202.1
2.548 2.155 2.450 2.430 7103 SPRITZER 2.450 0.030 2 2.440 17.79 2.36 447.4 1.940 1.119 1.880 1.850 7140 OKA 1.870 -0.010 157.3 1.859 10.95 2.94 305.0
1.500 1.020 1.150 1.130 7186 SWSCAP 1.130 -0.050 122 1.135 70.19 0.88 164.8 1.320 0.865 1.250 1.240 5065 ORNA 1.250 0.010 111.4 1.240 10.06 2.40 94.1
0.669 0.492 0.530 0.520 7082 SYF 0.525 UNCH 1820.9 0.523 8.41 1.90 325.1 0.085 0.055 0.065 0.060 7225 PA 0.060 -0.010 400.1 0.065 56.8
0.505 0.280 7211 TAFI 0.405 32.4 7.800 6.260 6.930 6.850 5183 PCHEM 6.910 0.020 3658.5 6.870 15.24 2.75 55,280.0
1.979 1.651 1.760 1.750 4405 TCHONG 1.760 -0.010 76.5 1.758 1.14 1,182.7 2.020 1.454 1.660 1.660 5271 PECCA 1.660 UNCH 122.7 1.660 20.91 2.41 312.1
1.402 0.505 0.520 0.510 7200 TEKSENG 0.515 0.005 312.9 0.514 9.55 3.88 179.3 0.801 0.605 0.635 0.630 9997 PENSONI 0.630 UNCH 10 0.633 10.77 4.76 81.7
1.250 0.870 0.885 0.870 7252 TEOSENG 0.870 -0.010 309.1 0.880 17.09 1.72 261.0 8.150 5.662 7.940 7.930 5436 PERSTIM 7.940 0.050 10.6 7.933 14.30 5.04 788.5
1.510 1.230 9369 TGL 1.400 18.72 5.36 57.0 21.925 17.949 18.860 18.760 6033 PETGAS 18.780 -0.040 674.6 18.795 21.17 3.35 37,160.6
0.620 0.400 7230 TOMEI 0.570 14.07 79.0 8.710 3.416 8.570 8.400 3042 PETRONM 8.560 0.200 324.7 8.509 7.02 2.57 2,311.2
0.560 0.390 0.410 0.410 7176 TPC 0.410 UNCH 99 0.410 44.09 95.9 2.476 1.595 2.330 2.300 7095 PIE 2.320 0.020 255.3 2.323 19.55 1.03 891.0
6.461 4.089 5.760 5.680 4588 UMW 5.700 0.020 999.7 5.700 3.51 6,659.3 2.580 1.277 2.290 2.280 7172 PMBTECH 2.290 UNCH 24 2.286 16.62 1.75 183.2
2.470 1.934 2.430 2.410 7757 UPA 2.410 UNCH 5.9 2.420 5.76 3.32 191.8 2.977 2.530 2.670 2.650 8869 PMETAL 2.660 -0.020 365.8 2.657 18.19 1.91 9,931.5
1.668 0.677 1.440 1.380 7203 WANGZNG 1.400 -0.020 97.6 1.395 12.18 2.86 224.0 0.575 0.450 6637 PNEPCB 0.525 13.85 69.0
0.325 0.080 0.270 0.260 5156 XDL 0.265 UNCH 786 0.265 29.78 178.6 0.995 0.270 0.515 0.510 8117 POLY 0.515 UNCH 25.9 0.514 2.40 82.4
0.615 0.360 0.550 0.550 7121 XIANLNG 0.550 UNCH 20 0.550 40.0 1.670 0.920 1.620 1.600 8273 PPHB 1.620 0.010 62.3 1.610 9.98 178.0
0.200 0.020 5155 XINQUAN 0.055 26.7 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
2.822 2.175 2.390 2.380 5584 YEELEE 2.390 UNCH 5.4 2.386 11.44 1.88 457.1 1.370 0.501 1.240 1.190 9873 PRESTAR 1.230 0.040 658.2 1.215 7.23 2.44 249.2
1.440 1.034 1.440 1.360 5159 YOCB 1.430 0.040 2542.6 1.402 9.83 2.80 228.8 1.110 0.635 1.020 1.010 7168 PRG 1.020 UNCH 69.7 1.020 85.00 0.49 304.9
2.960 1.744 2.900 2.860 7178 YSPSAH 2.880 0.020 190.4 2.879 12.32 2.43 393.2 0.330 0.085 0.260 0.250 7123 PWORTH 0.260 0.010 7384.2 0.254 100.00 242.0
1.957 1.160 1.650 1.640 5131 ZHULIAN 1.650 UNCH 75 1.643 14.24 3.64 759.0 1.380 1.080 7544 QUALITY 1.180 68.4
INDUSTRIAL PRODUCTS 0.800 0.510 7498 RALCO 0.750 31.5
1.420 0.922 1.370 1.350 12 3A 1.350 -0.010 744.8 1.353 15.61 1.07 664.2 5.860 5.320 5.740 5.730 7765 RAPID 5.740 UNCH 66 5.730 786.30 613.6
0.210 0.085 0.135 0.125 7086 ABLEGRP 0.135 0.010 715.6 0.130 35.6 0.745 0.400 0.440 0.420 5256 REACH 0.420 -0.020 782.1 0.422 18.58 460.5
0.400 0.200 0.350 0.330 7131 ACME 0.330 -0.020 35 0.341 72.1 0.655 0.390 0.590 0.565 7232 RESINTC 0.585 0.010 1098.4 0.583 8.88 2.05 80.3
0.900 0.630 0.685 0.685 7191 ADVENTA 0.685 -0.065 6 0.685 3425 104.7 1.190 0.595 1.140 1.080 9741 ROHAS 1.140 0.070 1341.2 1.118 455.8
2.694 2.039 9148 ADVPKG 2.200 18.29 5.45 45.1 0.844 0.715 0.780 0.780 7803 RUBEREX 0.780 -0.015 151 0.780 8.69 1.60 196.7
0.220 0.135 0.200 0.190 7146 AEM 0.200 0.005 1771.2 0.196 59.9 5.250 3.604 4.800 4.800 5134 SAB 4.800 UNCH 30 4.800 13.51 1.04 657.3
0.500 0.365 5198 AFUJIYA 0.390 21.67 70.2 8.400 4.880 8.270 8.190 9822 SAM 8.220 -0.020 120.5 8.205 22.56 1.25 1,034.9
0.635 0.380 0.485 0.455 2682 AISB 0.460 0.005 27.2 0.467 13.69 66.4 1.010 0.853 0.980 0.980 7811 SAPIND 0.980 UNCH 2 0.980 11.58 6.12 71.3
1.383 0.984 1.130 1.100 5170 SCABLE 1.120 0.030 170.9 1.120 18.30 2.68 355.1
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
26 Markets WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

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

4.329 2.670 4.170 4.080 7247 SCGM 4.100 UNCH 244 4.107 23.88 1.95 595.3 0.624 0.370 0.535 0.520 6939 FIAMMA 0.530 UNCH 254 0.528 10.79 2.83 280.9
0.770 0.520 9237 SCIB 0.630 34.81 51.0 0.440 0.380 0.405 0.400 9318 FITTERS 0.400 -0.005 122.9 0.404 1.50 192.2
8.928 5.880 8.640 8.560 4731 SCIENTX 8.640 -0.010 34.6 8.597 18.93 1.85 4,177.9 1.468 1.084 1.270 1.230 7210 FREIGHT 1.270 -0.030 81.9 1.258 10.93 3.94 236.4
0.345 0.250 7239 SCNWOLF 0.280 24.5 0.385 0.135 0.385 0.365 128 FRONTKN 0.380 0.015 57303.7 0.377 15.08 400.3
0.525 0.135 0.270 0.270 7366 SCOMIEN 0.270 0.005 60 0.270 92.4 0.290 0.150 0.195 0.180 9377 FSBM 0.195 0.005 15 0.185 27.6
1.660 0.660 1.450 1.390 7073 SEACERA 1.420 0.010 3381.4 1.426 75.53 2.11 349.4 3.096 2.244 3.000 2.910 5209 GASMSIA 2.930 0.020 685.5 2.934 22.45 4.39 3,762.1
0.230 0.140 0.160 0.155 5145 SEALINK 0.160 UNCH 656.8 0.160 80.0 0.820 0.615 0.715 0.640 78 GDEX 0.705 0.065 27631.6 0.685 100.71 0.35 3,931.2
0.765 0.250 0.660 0.660 5163 SEB 0.660 -0.040 14 0.660 52.8 6.302 4.138 5.770 5.720 4715 GENM 5.750 -0.010 3019.8 5.745 10.69 1.60 34,143.8
1.060 0.388 0.910 0.860 5181 SIGGAS 0.870 -0.030 2036.1 0.873 36.10 1.38 163.1 10.000 7.449 9.570 9.360 3182 GENTING 9.450 -0.090 1355.6 9.444 13.43 0.63 36,059.6
1.040 0.550 7115 SKBSHUT 0.780 11.62 31.2 4.397 1.538 4.200 4.090 3204 GKENT 4.160 0.070 581.8 4.134 14.92 2.40 1,562.1
1.440 1.121 1.350 1.310 7155 SKPRES 1.330 0.020 10005.4 1.329 14.93 2.63 1,662.8 0.555 0.300 0.475 0.460 7676 GUNUNG 0.475 0.010 38.3 0.466 112.2
3.021 1.949 2.400 2.370 7248 SLP 2.370 -0.030 3.7 2.374 23.05 1.90 586.2 4.390 1.834 4.370 4.320 7668 HAIO 4.370 0.030 75.5 4.345 23.84 2.44 1,305.1
0.700 0.585 0.630 0.620 7132 SMISCOR 0.630 0.005 34.8 0.627 3.97 28.2 0.335 0.200 0.215 0.210 7253 HANDAL 0.215 UNCH 114 0.213 34.4
1.780 0.884 1.640 1.600 5665 SSTEEL 1.620 0.030 250 1.619 1.85 695.0 9.350 7.192 9.170 9.100 3034 HAPSENG 9.150 UNCH 224.9 9.145 21.45 3.83 22,780.6
0.340 0.065 0.275 0.270 7143 STONE 0.275 0.005 125.1 0.270 24.7 1.121 0.685 0.690 0.690 2062 HARBOUR 0.690 -0.005 129.9 0.690 8.30 2.90 276.3
1.550 1.340 6904 SUBUR 1.370 286.3 4.077 2.740 3.960 3.940 5008 HARISON 3.960 -0.010 17 3.959 12.82 6.31 271.2
4.320 1.535 3.500 3.490 7207 SUCCESS 3.490 -0.010 30 3.496 10.77 1.43 428.2 0.150 0.050 0.065 0.055 7013 HUBLINE 0.060 0.005 19880.6 0.060 59.7
2.380 1.764 2.350 2.330 7235 SUPERLN 2.350 UNCH 206.3 2.343 15.73 1.17 376.0 0.480 0.220 0.245 0.230 5255 ICON 0.245 0.015 3529.9 0.238 288.4
2.324 1.852 1.950 1.900 7106 SUPERMX 1.920 UNCH 1777.2 1.927 21.89 1.30 1,305.9 6.696 5.512 5.930 5.900 5225 IHH 5.910 -0.010 3411.4 5.914 57.43 0.51 48,692.7
4.210 3.317 3.490 3.430 5012 TAANN 3.490 UNCH 200.3 3.468 10.17 3.46 1,552.5 0.920 0.710 5614 ILB 0.710 54.62 3.52 138.5
0.545 0.350 0.390 0.365 4022 TADMAX 0.390 0.020 2999.5 0.376 210.1 1.000 0.730 0.770 0.770 5673 IPMUDA 0.770 UNCH 10 0.770 3.90 55.8
0.415 0.235 0.305 0.300 5149 TAS 0.305 UNCH 176.9 0.304 54.9 2.166 1.325 1.850 1.850 58 JCBNEXT 1.850 0.040 0.5 1.850 29.09 1.08 259.0
14.658 12.135 13.000 13.000 4448 TASEK 13.000 UNCH 2 13.000 50.62 9.23 1,607.1 0.310 0.230 0.290 0.275 8923 JIANKUN 0.285 0.010 32.2 0.283 47.6
14.449 13.540 4448P TASEK-PA 13.540 5.17 4.5 0.390 0.295 0.370 0.370 8672 KAMDAR 0.370 UNCH 50 0.370 73.3
0.290 0.090 0.205 0.190 5178 TATGIAP 0.195 -0.005 1891.3 0.197 30.2 0.330 0.180 0.210 0.200 5079 KBES 0.200 UNCH 119.9 0.202 25.2
1.220 0.290 1.170 1.150 7097 TAWIN 1.170 -0.010 1241.5 1.168 15.52 75.2 1.960 1.690 1.850 1.830 6491 KFIMA 1.850 0.020 177.1 1.842 17.19 4.86 522.1
2.920 1.020 1.680 1.680 7439 TECGUAN 1.680 -0.070 2.8 1.680 9.62 67.4 0.739 0.236 0.660 0.655 151 KGB 0.660 UNCH 583.5 0.657 13.78 1.52 151.7
0.700 0.285 6378 TEKALA 0.640 97.9 1.680 1.020 5035 KNUSFOR 1.180 1.69 117.6
4.870 3.870 4.340 4.200 7034 TGUAN 4.320 0.090 217.7 4.282 8.52 2.78 569.2 4.290 3.803 4.230 4.200 5878 KPJ 4.230 UNCH 96.1 4.205 30.52 1.65 4,510.2
2.166 1.470 1.920 1.890 7374 TIENWAH 1.920 0.020 16.9 1.901 4.84 6.25 277.9 1.740 1.010 1.420 1.400 5843 KPS 1.410 0.010 126.9 1.410 1175 4.43 703.6
0.800 0.560 7854 TIMWELL 0.650 57.9 0.590 0.485 0.535 0.530 9121 KPSCB 0.535 -0.005 55 0.532 10.92 79.1
1.080 0.595 1.020 1.010 7285 TOMYPAK 1.020 UNCH 161.9 1.019 17.00 3.14 427.2 0.225 0.115 0.150 0.145 4847 KTB 0.150 UNCH 275 0.150 60.4
3.760 1.712 3.560 3.530 5010 TONGHER 3.530 -0.040 53.9 3.541 10.52 8.50 555.7 0.628 0.299 0.505 0.490 6874 KUB 0.500 0.010 870.8 0.496 11.16 2.00 278.2
5.878 4.087 5.750 5.650 7113 TOPGLOV 5.730 0.060 952.6 5.713 23.98 2.53 7,197.5 0.380 0.240 0.275 0.270 7170 LFECORP 0.270 -0.005 212 0.271 28.72 49.0
0.850 0.495 7173 TOYOINK 0.700 74.9 0.650 0.420 8486 LIONFIB 0.560 129.7
0.230 0.145 0.190 0.185 4359 TURIYA 0.190 0.005 14 0.188 43.5 2.260 1.367 2.250 2.190 5143 LUXCHEM 2.210 -0.020 526 2.216 12.02 3.17 617.9
1.890 1.444 1.880 1.860 7100 UCHITEC 1.880 0.020 757.6 1.862 13.94 6.91 836.8 2.421 1.670 1.720 1.710 3859 MAGNUM 1.710 -0.010 671.4 1.716 16.07 7.60 2,458.6
6.458 3.310 4.240 4.240 7133 ULICORP 4.240 UNCH 2 4.240 22.05 2.83 615.6 1.700 1.010 1.080 1.050 5264 MALAKOF 1.060 -0.010 1672.7 1.062 14.30 6.60 5,300.0
1.425 1.150 1.280 1.270 7227 UMSNGB 1.270 -0.020 276.6 1.271 9.20 2.36 101.6 0.179 0.141 0.155 0.150 3514 MARCO 0.155 0.005 683 0.150 9.34 3.23 163.4
1.680 1.000 1.340 1.310 4995 VERSATL 1.310 -0.070 2626.2 1.320 2183.3 153.7 6.549 5.415 5.570 5.540 6012 MAXIS 5.570 0.040 3600.3 5.558 20.93 3.59 43,504.5
2.099 1.257 2.040 2.010 6963 VS 2.010 UNCH 3327 2.023 18.14 2.40 2,419.4 0.955 0.680 0.720 0.715 5077 MAYBULK 0.715 -0.005 121.7 0.719 715.0
1.010 0.736 0.910 0.900 5142 WASEONG 0.900 -0.010 642.4 0.903 0.56 697.4 2.636 2.054 5983 MBMR 2.200 12.81 2.73 860.0
0.485 0.345 0.440 0.420 7226 WATTA 0.420 UNCH 137.2 0.430 35.5 1.415 0.865 0.935 0.885 4502 MEDIA 0.920 0.025 2744 0.920 8.70 1,020.5
2.050 1.471 1.990 1.980 7111 WEIDA 1.980 UNCH 41 1.982 13.86 1.52 264.0 0.729 0.495 0.500 0.495 5090 MEDIAC 0.500 UNCH 336.1 0.499 12.59 6.14 843.6
2.349 1.741 2.230 2.170 7231 WELLCAL 2.200 0.050 99.7 2.211 21.51 4.18 730.3 1.070 0.550 0.900 0.835 7234 MESB 0.900 0.080 57.8 0.881 37.8
0.845 0.570 0.685 0.675 7050 WONG 0.675 0.005 290 0.678 122.73 61.9 4.000 1.768 3.860 3.810 3069 MFCB 3.860 0.010 200.8 3.845 10.10 1.30 1,551.9
0.700 0.430 0.550 0.550 7025 WOODLAN 0.550 -0.030 2 0.550 14.55 22.0 1.160 0.770 0.780 0.770 5186 MHB 0.780 UNCH 238.4 0.775 1,248.0
2.084 1.836 5009 WTHORSE 1.970 30.88 5.08 472.8 7.827 6.785 7.440 7.340 3816 MISC 7.340 -0.060 1481.9 7.384 12.20 3.68 32,764.2
1.145 0.870 0.880 0.875 4243 WTK 0.875 -0.005 184.5 0.877 86.63 2.29 421.2 2.606 1.996 2.380 2.360 2194 MMCCORP 2.370 UNCH 279.2 2.370 13.05 1.69 7,216.8
1.380 0.953 1.090 1.080 7245 WZSATU 1.080 -0.020 12.2 1.081 13.30 1.85 376.8 0.395 0.205 0.330 0.320 59 MMODE 0.325 UNCH 980.6 0.324 1.85 52.9
0.975 0.745 0.770 0.770 5048 YILAI 0.770 UNCH 34 0.770 35.65 123.2 0.100 0.050 0.055 0.050 43 MTRONIC 0.055 UNCH 1341.3 0.052 52.2
0.400 0.180 0.215 0.215 7020 YKGI 0.215 UNCH 55 0.215 74.9 0.280 0.115 0.190 0.180 3891 MUIIND 0.185 0.005 2831.2 0.185 542.5
0.700 0.380 7014 YLI 0.525 10.31 54.0 3.050 1.950 2.150 2.120 3905 MULPHA 2.130 0.010 41.2 2.124 22.21 680.8
CONSTRUCTION 2.370 1.385 2.160 2.140 138 MYEG 2.140 -0.010 4063.9 2.150 39.78 0.64 7,717.5
0.950 0.735 0.945 0.895 5281 ADVCON 0.910 -0.025 8244.7 0.918 12.76 365.9 0.910 0.305 0.790 0.760 9806 NATWIDE 0.780 0.015 560.7 0.779 93.8
0.750 0.280 7007 ARK 0.480 23.4 0.140 0.070 0.085 0.080 4464 NICORP 0.080 UNCH 260.9 0.080 6.78 69.1
1.200 0.600 1.140 1.130 7078 AZRB 1.140 -0.010 114.2 1.133 18.97 1.75 606.0 0.828 0.631 0.730 0.720 5533 OCB 0.720 -0.020 175.1 0.721 12.97 1.39 74.1
0.793 0.576 0.675 0.655 6173 BDB 0.660 -0.020 45.5 0.657 6.27 6.82 200.5 0.985 0.750 0.930 0.905 172 OCK 0.915 -0.010 2059.5 0.914 28.07 0.66 797.4
0.625 0.351 0.425 0.420 5190 BENALEC 0.420 UNCH 909 0.422 23.73 1.67 341.0 3.460 1.614 2.760 2.730 5201 OLDTOWN 2.750 0.010 255.2 2.750 20.45 2.73 1,273.9
0.510 0.375 0.385 0.375 5932 BPURI 0.380 -0.005 1674.7 0.379 108.57 101.5 0.210 0.070 0.135 0.120 3018 OLYMPIA 0.130 0.005 3958.3 0.127 27.08 133.0
1.070 0.790 1.050 1.000 8761 BREM 1.030 UNCH 2384.5 1.023 75.18 355.8 2.540 1.550 1.600 1.550 5260 OWG 1.560 -0.040 256.5 1.567 57.14 378.9
1.180 0.835 1.100 1.050 8591 CRESBLD 1.080 -0.020 470.2 1.069 10.98 3.70 191.1 0.510 0.390 0.415 0.405 8419 PANSAR 0.405 UNCH 64.6 0.405 23.14 2.47 113.4
2.120 1.460 7528 DKLS 1.880 3.48 1.60 174.3 0.665 0.435 0.640 0.605 5125 PANTECH 0.635 0.035 5865.4 0.629 15.84 2.57 470.6
2.710 1.339 2.710 2.610 5253 ECONBHD 2.690 0.070 1892.5 2.689 18.35 1.67 1,439.2 0.885 0.550 0.565 0.550 5657 PARKSON 0.560 UNCH 944.9 0.557 612.6
1.520 0.985 1.210 1.050 8877 EKOVEST 1.170 0.120 71923.9 1.141 11.00 1.03 2,502.9 1.310 0.999 1.290 1.280 5041 PBA 1.290 UNCH 6.1 1.287 6.39 3.10 427.3
1.010 0.482 0.945 0.935 7047 FAJAR 0.945 -0.005 1750.5 0.941 13.42 2.65 347.3 0.135 0.045 0.050 0.045 6254 PDZ 0.050 UNCH 1802.1 0.048 43.5
1.370 0.885 1.300 1.280 9261 GADANG 1.290 -0.010 2053.3 1.289 8.85 2.17 848.1 1.250 0.867 5133 PENERGY 1.150 1.74 370.0
5.459 4.541 5.370 5.350 5398 GAMUDA 5.360 -0.020 4041.5 5.359 19.93 2.24 13,129.7 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.490 0.815 1.400 1.380 5226 GBGAQRS 1.400 0.010 732 1.388 15.61 547.3 0.240 0.040 0.045 0.045 47 PERISAI 0.045 UNCH 473 0.045 56.7
0.920 0.710 0.800 0.795 5169 HOHUP 0.795 -0.005 18.4 0.796 4.77 298.0 0.290 0.115 0.240 0.225 7080 PERMAJU 0.225 UNCH 3316.4 0.234 44.1
1.846 1.560 1.580 1.560 6238 HSL 1.580 0.010 195.6 1.575 16.88 1.52 920.6 1.770 1.413 1.550 1.530 5219 PESTECH 1.550 0.030 84.9 1.534 21.17 1,183.2
3.557 2.998 3.480 3.440 3336 IJM 3.440 -0.030 9522.8 3.448 18.95 2.18 12,476.8 25.245 22.248 23.880 23.680 5681 PETDAG 23.700 0.020 434.7 23.694 24.91 3.04 23,544.9
0.765 0.565 0.685 0.665 5268 IKHMAS 0.675 -0.015 349.4 0.678 68.18 0.74 351.0 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.360 0.290 0.310 0.300 192 INTA 0.305 0.005 2250.3 0.305 0.25 163.3 5.624 4.370 7081 PHARMA 4.510 25.32 3.55 1,169.8
0.710 0.500 8834 IREKA 0.615 22.95 105.1 0.189 0.118 0.165 0.165 7201 PICORP 0.165 UNCH 58 0.165 3.70 108.6
1.790 0.900 1.440 1.420 4723 JAKS 1.420 -0.030 1762.8 1.427 86.06 684.7 0.420 0.220 0.275 0.275 7163 PJBUMI 0.275 0.005 29.9 0.275 22.6
0.500 0.210 0.300 0.280 9083 JETSON 0.285 -0.005 2269.5 0.287 57.6 5.780 2.663 5.130 5.030 4634 POS 5.070 -0.100 530.6 5.067 39.33 2.31 3,968.7
3.570 2.030 3.570 3.540 7161 KERJAYA 3.570 0.030 598.6 3.556 15.66 1.54 1,845.6 2.530 1.800 5204 PRESBHD 2.380 127.2 1.26 1,151.9
2.345 1.706 2.250 2.250 5171 KIMLUN 2.250 UNCH 40.1 2.250 8.66 2.89 698.5 2.590 1.640 1.750 1.750 8346 PRKCORP 1.750 UNCH 1 1.750 175.0
1.540 1.010 9628 LEBTECH 1.500 156.2 204.7 0.320 0.155 0.310 0.300 186 PTRANS 0.305 -0.005 2121.5 0.305 12.87 1.48 348.6
1.240 0.684 5129 MELATI 0.850 4.65 2.06 102.0 0.932 0.820 0.845 0.835 5272 RANHILL 0.840 UNCH 142.5 0.840 8.62 9.29 746.2
0.575 0.240 0.500 0.445 5006 MERGE 0.490 0.030 1056.9 0.476 19.44 32.8 0.360 0.155 0.295 0.275 37 RGB 0.295 0.020 7581.5 0.284 15.45 2.03 394.7
1.417 1.109 1.340 1.310 9571 MITRA 1.310 -0.020 894.5 1.325 6.82 3.82 893.6 0.385 0.305 0.330 0.305 8885 RPB 0.305 -0.035 259.9 0.314 261.9
1.240 0.610 1.180 1.100 7595 MLGLOBAL 1.130 -0.030 931.3 1.127 37.79 414.2 0.687 0.500 0.520 0.515 8567 SALCON 0.520 UNCH 665 0.517 3.63 352.4
0.440 0.245 0.360 0.350 5924 MTDACPI 0.360 0.005 134 0.354 600.0 83.4 1.147 0.358 0.900 0.890 5147 SAMCHEM 0.895 0.015 740.3 0.894 14.82 3.63 243.4
1.670 0.725 1.370 1.330 5085 MUDAJYA 1.350 -0.030 887.5 1.347 745.8 0.315 0.110 0.260 0.245 9113 SANBUMI 0.260 0.005 27.5 0.252 58.9
2.990 2.090 2.570 2.460 5703 MUHIBAH 2.460 -0.040 1707.9 2.544 10.60 2.24 1,186.0 2.399 1.920 2.170 2.160 99 SCICOM 2.170 UNCH 11.6 2.167 16.28 4.15 771.3
0.724 0.351 0.660 0.655 8311 PESONA 0.655 0.005 46 0.657 21.62 3.05 437.0 0.215 0.090 0.120 0.110 7158 SCOMI 0.115 UNCH 917.6 0.115 220.5
1.579 1.132 1.500 1.420 7055 PLB 1.490 0.060 17 1.454 0.67 136.0 0.270 0.120 0.130 0.120 7045 SCOMIES 0.125 UNCH 834 0.125 292.7
1.288 0.924 1.040 1.040 5070 PRTASCO 1.040 UNCH 23.1 1.040 13.58 5.77 441.7 1.160 0.972 7053 SEEHUP 1.010 7.13 52.8
0.215 0.095 0.165 0.160 7145 PSIPTEK 0.160 -0.005 475.3 0.164 17.02 55.8 0.769 0.559 0.700 0.690 9792 SEG 0.700 UNCH 435.2 0.695 33.65 5.00 885.0
4.270 3.125 4.180 3.980 9598 PTARAS 4.060 0.080 352.1 4.028 17.39 4.93 669.8 1.911 1.210 1.300 1.210 5250 SEM 1.240 -0.060 3584.2 1.246 32.29 1.85 1,529.4
1.390 0.405 1.120 1.070 5205 SENDAI 1.080 -0.030 2038.2 1.094 0.46 835.9 2.100 1.324 1.610 1.560 5218 SENERGY 1.590 UNCH 10167.4 1.580 75.00 0.63 9,527.5
2.150 1.533 2.020 2.010 5263 SUNCON 2.020 0.010 1564.6 2.020 20.22 2.48 2,611.7 2.267 1.488 1.940 1.860 5279 SERBADK 1.860 -0.060 3574.3 1.896 1.95 2,483.1
0.415 0.310 0.315 0.310 9717 SYCAL 0.310 UNCH 277 0.310 17.22 99.3 9.700 7.183 9.550 9.500 4197 SIME 9.550 0.020 10620.5 9.537 20.38 2.83 64,948.0
0.765 0.364 0.740 0.710 5054 TRC 0.720 0.005 1377 0.724 8.94 2.64 346.0 0.917 0.651 9431 SJC 0.720 48.32 1.39 29.2
2.400 1.500 1.700 1.650 5622 TRIPLC 1.700 UNCH 30.6 1.680 5.25 116.6 1.380 1.200 1.300 1.280 5242 SOLID 1.300 0.010 59.7 1.290 43.92 1.00 217.5
0.825 0.430 0.760 0.750 5042 TSRCAP 0.760 0.005 61 0.756 11.57 132.6 2.540 2.140 2.360 2.360 6084 STAR 2.360 UNCH 22.5 2.360 17.23 7.63 1,743.0
0.145 0.110 0.115 0.115 7070 VIZIONE 0.115 -0.005 11.1 0.115 44.23 100.6 2.950 2.242 2.950 2.810 9865 SUIWAH 2.930 0.120 41 2.907 16.59 1.19 178.7
1.680 0.890 1.440 1.410 3565 WCEHB 1.420 0.010 249.2 1.423 40.57 1,423.9 0.110 0.045 0.055 0.050 1201 SUMATEC 0.055 UNCH 1409.5 0.051 212.6
2.467 1.486 1.930 1.880 9679 WCT 1.900 0.030 798.5 1.898 25.82 1.57 2,685.1 4.090 2.756 4.090 4.030 5211 SUNWAY 4.090 0.030 4705.3 4.053 14.13 2.18 8,511.7
0.670 0.550 0.635 0.595 7028 ZECON 0.600 -0.035 1981.2 0.611 1.39 71.5 2.257 1.846 2.120 2.090 6521 SURIA 2.100 0.030 96.8 2.109 9.49 3.33 605.2
0.205 0.100 0.145 0.135 2283 ZELAN 0.140 UNCH 1738.9 0.141 118.3 0.350 0.235 5173 SYSCORP 0.270 300.0 324.0
TRADING SERVICES 0.490 0.280 0.390 0.385 7228 T7GLOBAL 0.385 -0.010 49.8 0.385 15.71 146.9
0.550 0.350 0.400 0.390 5238 AAX 0.395 UNCH 21392.6 0.395 40.31 1,638.5 1.747 1.289 1.490 1.470 8524 TALIWRK 1.480 -0.010 66 1.476 25.65 5.41 1,790.0
0.270 0.135 0.165 0.150 5166 AEGB 0.160 0.010 5226.1 0.160 65.6 2.667 1.342 2.560 2.520 5140 TASCO 2.560 0.030 208.2 2.531 16.70 1.76 512.0
2.960 2.082 2.240 2.220 6599 AEON 2.240 0.020 97.5 2.230 42.67 1.34 3,145.0 14.560 12.832 14.180 14.060 5347 TENAGA 14.160 -0.020 7556.6 14.154 10.96 2.75 80,131.7
0.435 0.160 0.430 0.405 7315 AHB 0.420 -0.005 6361 0.418 120.00 67.2 1.573 1.300 1.320 1.310 8702 TEXCHEM 1.320 UNCH 10.5 1.317 33.00 15.15 163.8
3.468 2.086 3.280 3.140 5099 AIRASIA 3.280 0.130 13309.1 3.222 5.42 3.66 10,961.7 0.240 0.060 0.060 0.060 7206 THHEAVY 0.060 UNCH 1352 0.060 67.3
9.389 5.687 8.860 8.760 5014 AIRPORT 8.800 0.010 3090.1 8.789 328.36 1.14 14,600.9 6.698 5.690 6.450 6.400 4863 TM 6.450 0.040 3062.4 6.412 35.62 3.33 24,238.7
0.370 0.110 0.150 0.135 5115 ALAM 0.140 -0.005 4119.7 0.143 129.4 0.990 0.795 0.825 0.805 101 TMCLIFE 0.825 0.025 1815.5 0.815 69.92 0.15 1,432.4
0.270 0.070 0.085 0.075 159 AMEDIA 0.075 -0.005 2458 0.078 18.0 1.870 1.470 1.740 1.720 8397 TNLOGIS 1.740 0.010 255.4 1.729 8.75 2.87 778.7
8.670 7.217 7.320 7.300 6351 AMWAY 7.300 -0.020 6.1 7.304 26.05 2.74 1,200.0 1.060 0.380 0.690 0.690 7218 TOCEAN 0.690 -0.010 5.7 0.690 43.13 28.3
2.378 2.133 7083 ANALABS 2.160 10.84 1.50 129.7 1.000 0.750 0.820 0.760 5167 TURBO 0.820 -0.020 33.1 0.774 22.59 6.10 88.6
0.085 0.025 0.055 0.050 5194 APFT 0.055 UNCH 8910.6 0.055 30.2 2.892 2.400 2.700 2.700 7137 UMS 2.700 UNCH 4.9 2.700 15.38 2.22 109.9
0.840 0.500 0.740 0.730 5210 ARMADA 0.740 UNCH 908.5 0.736 1.11 4,341.0 1.040 0.285 0.380 0.335 5243 UMWOG 0.340 -0.030 98025.9 0.361 735.1
0.220 0.100 0.190 0.175 1481 ASB 0.185 0.005 11260.7 0.183 23.42 1.35 125.0 1.294 0.978 1.100 1.040 7091 UNIMECH 1.040 -0.010 0.8 1.048 15.20 2.88 136.4
2.869 2.466 2.560 2.520 6399 ASTRO 2.550 0.020 1800.8 2.541 21.45 4.51 13,284.3 0.730 0.365 5754 UTUSAN 0.430 47.6
5.093 4.480 4.510 4.500 7048 ATLAN 4.500 -0.100 5.5 4.504 22.70 4.94 1,141.4 1.980 1.300 1.540 1.500 7250 UZMA 1.530 0.030 60 1.535 18.35 489.6
1.180 0.715 1.150 1.100 7579 AWC 1.120 -0.040 1213.1 1.127 13.16 1.34 298.9 0.900 0.600 0.800 0.790 7240 VOIR 0.800 UNCH 55.3 0.792 571.43 116.2
5.898 4.085 4.660 4.620 6888 AXIATA 4.650 0.010 1483.2 4.641 109.67 1.72 41,841.2 2.157 1.663 2.010 2.000 5016 WARISAN 2.000 UNCH 0.2 2.005 2.00 134.4
0.665 0.230 0.555 0.515 5021 AYS 0.555 0.040 6344.4 0.540 7.58 3.30 211.1 0.510 0.410 7692 WIDETEC 0.500 22.83 22.4
0.740 0.570 0.640 0.610 7251 BARAKAH 0.625 -0.005 1137.7 0.627 59.52 516.0 4.511 3.610 3.720 3.660 5246 WPRTS 3.700 -0.010 3998 3.701 20.79 3.78 12,617.0
2.293 1.843 1.960 1.910 5248 BAUTO 1.930 -0.010 754.8 1.929 18.59 6.04 2,227.9 1.448 0.803 1.210 1.190 5267 XINHWA 1.210 0.010 33.8 1.199 25.47 0.83 261.4
0.495 0.365 0.405 0.385 7241 BHS 0.400 0.015 3127.9 0.395 183.3 0.075 0.020 0.045 0.045 7122 YFG 0.045 UNCH 261.1 0.045 27.4
0.280 0.170 0.200 0.195 6998 BINTAI 0.200 UNCH 120.9 0.199 57.9 3.679 2.720 3.540 3.490 7293 YINSON 3.540 0.060 109 3.510 16.48 0.56 3,868.5
6.681 5.863 6.050 6.000 5032 BIPORT 6.000 UNCH 6.5 6.039 17.22 4.00 2,760.0 1.715 1.440 1.460 1.440 4677 YTL 1.440 -0.020 10821.5 1.446 18.02 6.60 15,711.2
2.460 1.420 2.370 2.350 5275 BISON 2.370 -0.030 15.1 2.359 37.21 0.84 734.9 FINANCE
0.410 0.306 0.340 0.330 3395 BJCORP 0.335 0.005 5206.7 0.335 12.55 1,649.4 13.300 8.453 13.200 13.100 5139 AEONCR 13.180 -0.020 140.4 13.181 65.57 3.19 2,846.9
1.956 1.208 1.480 1.440 5196 BJFOOD 1.450 0.010 235.4 1.457 48.17 551.0 2.949 2.018 2.640 2.620 5185 AFFIN 2.630 0.010 141.1 2.631 8.99 2.85 5,110.0
0.700 0.440 0.450 0.440 4219 BJLAND 0.440 UNCH 17.1 0.442 7.96 2,200.1 4.400 3.446 3.910 3.850 2488 AFG 3.880 0.010 364 3.873 11.55 4.12 6,006.7
0.470 0.205 0.345 0.305 6025 BJMEDIA 0.305 -0.040 84.6 0.310 71.7 13.980 9.492 13.820 13.700 1163 ALLIANZ 13.820 0.020 1271 13.721 7.75 0.65 2,411.2
3.258 2.300 2.390 2.300 1562 BJTOTO 2.320 -0.060 4293 2.339 12.95 6.03 3,134.4 13.700 9.511 1163PA ALLIANZ-PA 13.460 0.80 1,169.4
0.135 0.092 0.110 0.105 7036 BORNOIL 0.105 -0.005 29260.4 0.110 11.41 477.3 5.700 3.855 5.110 5.060 1015 AMBANK 5.100 UNCH 2102.4 5.098 11.58 3.45 15,372.3
0.945 0.515 0.540 0.515 9474 BRAHIMS 0.520 -0.005 328.5 0.522 122.9 1.934 1.263 1.660 1.640 5088 APEX 1.660 -0.030 13 1.657 24.92 3.01 354.5
2.789 2.510 2.680 2.630 2771 BSTEAD 2.680 UNCH 98.1 2.665 14.30 5.60 5,432.3 4.610 3.782 4.360 4.340 5258 BIMB 4.350 0.060 156.5 4.348 12.08 2.99 7,124.2
0.395 0.280 0.295 0.280 5257 CARIMIN 0.285 -0.005 484 0.285 66.7 11.140 8.057 10.300 10.120 1818 BURSA 10.120 -0.060 1617.3 10.179 27.09 3.36 5,439.5
1.990 1.300 1.690 1.670 5245 CARING 1.690 0.020 5.9 1.683 31.95 0.89 367.9 6.870 3.949 6.350 6.290 1023 CIMB 6.330 0.050 13751.7 6.327 14.14 3.16 57,299.9
3.545 2.130 2.400 2.330 2925 CCB 2.380 0.020 15 2.365 8.02 2.10 239.8 0.705 0.320 0.545 0.525 2143 ECM 0.535 0.005 48.7 0.530 22.77 153.3
1.440 0.821 1.300 1.220 7117 CENTURY 1.290 0.050 2413.9 1.266 24.11 2.71 506.5 1.270 1.111 1.250 1.240 5228 ELKDESA 1.240 UNCH 57.3 1.244 11.57 5.44 304.1
0.470 0.401 7209 CHEETAH 0.415 1.81 53.0 16.300 12.501 15.900 15.760 5819 HLBANK 15.800 -0.100 1284.7 15.798 14.56 2.59 34,249.9
1.490 0.802 1.320 1.310 5273 CHINHIN 1.320 0.020 655.5 1.315 15.24 2.65 667.8 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
0.675 0.378 0.600 0.580 7016 CHUAN 0.600 0.020 193.4 0.589 8.25 3.00 101.2 17.735 13.892 17.040 16.980 1082 HLFG 16.980 -0.020 178.1 16.999 11.83 2.24 19,484.8
0.100 0.065 0.075 0.070 5104 CNI 0.075 0.005 419.9 0.070 4.00 54.0 2.620 2.373 6688 HWANG 2.610 20.03 1.15 666.0
1.240 0.650 0.885 0.870 5136 COMPLET 0.870 -0.015 17 0.883 11.15 107.7 1.140 0.627 1.060 1.030 3379 INSAS 1.050 UNCH 2209.3 1.047 3.81 0.95 728.0
0.045 0.025 0.030 0.030 5037 COMPUGT 0.030 UNCH 11740 0.030 64.0 0.970 0.882 3379PA INSAS-PA 0.965 6.22 128.0
2.820 1.907 2.600 2.560 5184 CYPARK 2.600 UNCH 35.4 2.574 13.33 2.00 677.5 0.395 0.115 0.305 0.275 3441 JOHAN 0.305 0.025 16267.3 0.297 190.0
0.880 0.298 0.640 0.635 5276 DANCO 0.635 -0.010 108.9 0.637 13.60 2.36 189.2 0.690 0.415 0.555 0.550 6483 KENANGA 0.550 UNCH 218.4 0.551 34.59 4.09 397.4
0.105 0.050 0.075 0.075 91 DAYA 0.075 UNCH 1219 0.075 143.2 19.600 15.237 18.400 18.380 8621 LPI 18.400 UNCH 41 18.400 20.51 4.46 6,108.5
1.290 0.730 1.000 0.975 5141 DAYANG 1.000 0.020 387.4 0.993 22.83 964.8 0.917 0.814 0.845 0.845 1198 MAA 0.845 UNCH 37.9 0.845 10.65 231.1
1.126 0.796 0.865 0.860 5132 DELEUM 0.860 -0.005 63.8 0.863 15.72 4.07 344.2 3.150 2.625 3.150 3.150 1058 MANULFE 3.150 0.100 8.1 3.150 12.51 3.33 637.5
0.895 0.580 0.695 0.685 7212 DESTINI 0.690 0.005 1250.6 0.689 20.66 797.1 9.670 7.250 9.620 9.560 1155 MAYBANK 9.600 -0.010 14053.3 9.592 13.78 5.42 101,294.3
1.970 1.426 1.920 1.890 7277 DIALOG 1.910 0.010 10993.8 1.912 29.48 1.26 10,707.3 1.380 0.669 1.290 1.250 1171 MBSB 1.280 0.030 3811.5 1.273 21.59 2.34 7,583.3
6.537 4.214 5.080 5.060 5908 DKSH 5.070 0.080 24 5.069 16.23 1.87 799.3 2.840 1.601 2.690 2.650 6459 MNRB 2.650 -0.010 14.1 2.665 10.77 847.0
0.690 0.191 0.610 0.585 4456 DNEX 0.595 0.010 37625.9 0.599 4.15 0.84 1,041.8 1.830 1.160 1.540 1.530 5237 MPHBCAP 1.540 UNCH 48.2 1.536 17.04 1,101.1
1.591 1.092 1.210 1.180 5216 DSONIC 1.200 UNCH 508 1.193 25.86 3.33 1,620.0 1.330 1.204 1.310 1.300 6009 P&O 1.300 UNCH 23.3 1.302 20.28 7.46 319.7
0.295 0.175 0.190 0.185 2097 EASTLND 0.185 -0.005 789.1 0.186 45.4 20.660 18.704 20.400 20.320 1295 PBBANK 20.360 UNCH 2752.6 20.351 15.05 2.85 79,040.3
1.010 0.385 0.395 0.385 5259 EATECH 0.385 -0.005 243.8 0.389 5.84 194.0 1.920 0.681 1.700 1.680 9296 RCECAP 1.690 0.010 78.6 1.687 7.07 2.07 599.3
0.370 0.200 0.220 0.220 5036 EDARAN 0.220 -0.020 4 0.220 13.2 5.550 4.473 5.080 5.030 1066 RHBBANK 5.040 -0.020 553.8 5.044 12.44 2.38 20,210.6
0.290 0.165 0.195 0.195 7471 EDEN 0.195 UNCH 97.7 0.195 60.7 0.708 0.422 0.600 0.590 4898 TA 0.600 0.005 143.8 0.595 3.72 2.83 1,027.1
3.589 2.280 2.670 2.560 1368 EDGENTA 2.670 0.110 283.6 2.582 25.57 2.62 2,220.4 4.250 3.800 4.060 4.010 6139 TAKAFUL 4.050 0.050 31.4 4.042 17.83 3.87 3,333.7
0.590 0.220 0.370 0.355 64 EFFICEN 0.365 0.010 4095.4 0.364 258.8 1.648 1.130 1.160 1.130 5230 TUNEPRO 1.130 -0.010 2632.3 1.141 12.26 4.60 849.5
1.000 0.759 5081 EIG 0.900 15.79 2.50 213.5 PROPERTIES
2.087 1.065 1.780 1.770 5208 EITA 1.780 -0.020 147.1 1.772 8.54 2.25 231.4 0.888 0.740 0.785 0.780 1007 AMPROP 0.785 UNCH 164.3 0.783 35.04 3.82 476.9
1.508 1.102 1.320 1.290 5056 ENGTEX 1.300 UNCH 553 1.305 6.41 0.77 466.0 1.850 0.990 1.600 1.560 5959 A&M 1.580 0.020 327.8 1.586 34.65 576.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
WEDN ES DAY J U LY 1 9 , 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 0.380 1007PA AMPROP-PA 0.380 UNCH 6.7 0.380 5.26 110.5 8.200 3.455 7.950 7.850 97 VITROX 7.900 0.080 334.1 7.890 27.28 0.82 1,856.9
0.230 0.145 0.160 0.160 4057 ASIAPAC 0.160 UNCH 151 0.160 17.39 160.1 1.750 0.621 1.690 1.620 8 WILLOW 1.620 -0.060 704.5 1.646 19.08 1.23 401.8
0.550 0.415 6602 BCB 0.450 9.15 185.6 INFRASTRUCTURE PROJECT COMPANIES
0.665 0.440 0.505 0.500 9814 BERTAM 0.505 0.005 10.3 0.503 2.10 104.4 5.139 4.630 4.770 4.720 6947 DIGI 4.770 0.040 4869 4.758 23.99 4.13 37,086.8
1.400 0.710 1.210 1.180 3239 BJASSET 1.200 -0.010 185.6 1.194 1,426.4 6.150 5.366 5.900 5.850 6645 LITRAK 5.900 0.010 62.1 5.853 14.01 4.24 3,107.5
1.500 1.030 5738 CHHB 1.320 363.9 0.555 0.330 0.450 0.445 5078 M&G 0.450 0.005 803.3 0.449 11.11 315.7
1.740 1.430 1.650 1.640 6718 CRESNDO 1.650 0.010 54.1 1.649 6.76 3.03 462.8 1.270 0.855 0.865 0.855 6807 PUNCAK 0.860 -0.005 496.3 0.861 386.4
1.700 1.229 1.620 1.610 5049 CVIEW 1.620 0.020 15 1.613 5.99 9.26 162.0 9.890 6.980 9.690 9.550 5031 TIMECOM 9.570 0.070 889.6 9.575 13.06 2.08 5,534.3
2.390 2.073 2.320 2.300 5355 DAIMAN 2.300 UNCH 63.2 2.301 17.64 2.17 488.0 1.539 1.304 1.420 1.410 6742 YTLPOWR 1.420 0.010 794.7 1.419 12.62 7.04 11,563.1
1.040 0.500 0.605 0.570 3484 DBHD 0.600 0.010 204.4 0.591 185.6 CLOSED-END FUNDS
2.130 1.400 1.670 1.650 3417 E&O 1.670 0.020 349.4 1.660 23.99 1.20 2,213.3 2.690 2.260 2.580 2.570 5108 ICAP 2.580 UNCH 8.2 2.575 5160 361.2
0.325 0.250 0.295 0.290 3557 ECOFIRS 0.295 0.005 474.5 0.291 27.83 236.9 EXCHANGE TRADED FUNDS
1.720 1.260 1.610 1.580 8206 ECOWLD 1.610 0.020 4252.5 1.599 19.10 4,740.4 1.126 1.070 0800EA ABFMY1 1.123 5.06 1,482.8
0.920 0.570 0.710 0.695 6076 ENCORP 0.710 UNCH 164 0.698 5.43 197.8 1.960 1.680 0822EA CIMBA40 1.900 3.89 2.6
3.180 1.850 3.180 3.180 8613 ENRA 3.180 0.080 5.5 3.180 30.64 0.94 433.1 1.525 1.180 1.525 1.510 0823EA CIMBC50 1.510 -0.010 60 1.515 14.7
1.240 0.720 1.150 1.130 6815 EUPE 1.140 -0.010 206 1.140 145.9 1.865 1.700 1.840 1.840 0820EA FBMKLCI-EA 1.840 UNCH 0.3 1.840 1.79 3.1
1.360 1.000 1.100 1.070 5283 EWINT 1.100 0.010 5554.8 1.080 2,640.0 1.070 0.942 0826EA METFAPA 1.045 19.9
0.617 0.468 0.520 0.520 6041 FARLIM 0.520 -0.005 33.5 0.520 5.94 3.85 73.0 0.952 0.901 0825EA METFSID 0.907 2.58 48.1
0.787 0.625 0.630 0.625 5020 GLOMAC 0.625 -0.005 134 0.629 4.08 5.60 454.9 1.115 1.045 1.095 1.080 0821EA MYETFDJ 1.095 0.005 10.1 1.082 2.04 304.3
0.523 0.367 0.445 0.430 9962 GMUTUAL 0.435 -0.005 68.3 0.436 8.21 4.60 163.4 1.095 1.000 1.095 1.095 0824EA MYETFID 1.095 0.020 1 1.095 1.39 55.6
0.470 0.290 0.380 0.375 1147 GOB 0.380 0.005 289.9 0.378 23.46 1.32 172.8 REITS
1.450 1.110 1.180 1.170 1503 GUOCO 1.170 -0.010 18.5 1.170 3.80 1.71 819.5 1.073 0.935 0.955 0.945 4952 AHP 0.950 UNCH 140.6 0.950 44.81 4.74 209.0
0.480 0.370 7010 HOOVER 0.460 18.4 1.659 1.415 1.550 1.510 5116 ALAQAR 1.550 0.040 50.7 1.549 18.17 4.97 1,128.8
1.407 0.920 0.940 0.920 5062 HUAYANG 0.925 0.005 488.1 0.927 8.44 2.16 325.6 1.050 0.945 1.010 1.010 5269 ALSREIT 1.010 UNCH 11 1.010 12.02 5.94 585.8
0.648 0.480 0.620 0.605 4251 IBHD 0.615 0.015 2030 0.612 9.36 3.06 619.3 0.828 0.730 0.745 0.740 5120 AMFIRST 0.745 0.005 99 0.740 22.99 5.45 511.4
1.050 0.755 0.910 0.890 5084 IBRACO 0.910 0.030 120.2 0.904 20.22 3.85 451.7 0.980 0.858 0.950 0.945 5127 ARREIT 0.945 UNCH 79.4 0.948 13.74 6.10 541.7
2.990 2.359 2.830 2.820 1597 IGB 2.820 -0.010 8.2 2.822 10.41 3.55 3,848.7 1.190 0.995 1.170 1.170 5130 ATRIUM 1.170 UNCH 13 1.170 25.05 5.51 142.5
2.379 1.850 2.180 2.160 5249 IOIPG 2.180 0.010 311.4 2.173 10.55 3.41 12,003.4 1.726 1.525 1.640 1.620 5106 AXREIT 1.630 -0.020 675.8 1.630 15.04 5.12 1,801.4
0.620 0.390 0.415 0.400 5175 IVORY 0.410 0.005 171.9 0.406 20.71 200.9 1.720 1.470 1.560 1.550 5180 CMMT 1.550 -0.010 2583.9 1.550 18.83 5.44 3,153.7
3.290 0.785 1.590 1.240 1589 IWCITY 1.540 0.300 109251 1.467 1,289.6 1.617 1.330 1.340 1.330 5121 HEKTAR 1.340 UNCH 266 1.334 12.76 7.61 536.8
0.176 0.105 0.110 0.105 6769 JKGLAND 0.110 UNCH 900.5 0.108 16.18 2.09 250.2 1.790 1.448 1.720 1.710 5227 IGBREIT 1.720 UNCH 520.6 1.720 21.39 5.06 6,025.9
0.085 0.040 0.065 0.060 3115 KBUNAI 0.060 UNCH 461 0.061 18.18 346.6 1.029 0.900 0.930 0.905 5280 KIPREIT 0.930 0.030 30.1 0.906 22.04 469.9
0.974 0.798 0.900 0.900 7323 KEN 0.900 -0.015 2 0.900 5.46 2.78 172.5 8.100 7.109 7.830 7.800 5235SS KLCC 7.810 -0.010 66.2 7.813 16.02 4.56 14,099.7
1.330 0.995 1.250 1.220 5038 KSL 1.240 UNCH 402.5 1.230 3.91 1,286.5 1.350 1.111 1.300 1.290 5123 MQREIT 1.300 0.010 690.2 1.298 15.51 9.76 1,388.4
0.312 0.210 0.220 0.215 3174 L&G 0.215 -0.005 2643 0.219 9.27 7.40 629.7 1.910 1.588 1.760 1.740 5212 PAVREIT 1.750 UNCH 927.2 1.750 17.17 4.71 5,296.0
1.295 1.051 1.190 1.190 8494 LBICAP 1.190 0.020 55 1.190 4.12 8.82 95.9 1.780 1.549 1.700 1.690 5176 SUNREIT 1.690 -0.010 362.6 1.694 15.14 5.35 4,977.2
2.078 1.479 2.000 1.970 5789 LBS 1.980 -0.010 373.5 1.980 12.88 2.02 1,337.7 1.220 1.132 5111 TWRREIT 1.210 16.81 5.73 339.4
0.460 0.235 0.435 0.410 3573 LIENHOE 0.430 0.005 1243.9 0.422 155.5 1.850 1.571 1.750 1.750 5110 UOAREIT 1.750 UNCH 7.8 1.750 15.63 5.99 740.0
1.690 0.897 1.500 1.460 7617 MAGNA 1.460 -0.030 42 1.478 1.97 4.11 488.7 1.230 0.990 1.190 1.180 5109 YTLREIT 1.180 UNCH 136.7 1.182 6.55 2,011.2
1.700 1.340 1.570 1.540 8583 MAHSING 1.550 -0.030 1770.9 1.549 11.67 4.19 3,734.6 SPAC
1.940 0.551 1.240 1.160 6181 MALTON 1.220 0.030 16348.7 1.215 15.40 2.05 643.9 0.720 0.670 5234 CLIQ 0.720 454.3
2.828 2.280 2.730 2.700 5236 MATRIX 2.720 UNCH 479.3 2.720 8.35 5.06 1,583.1 0.480 0.455 5241 SONA 0.475 670.1
1.880 1.000 1.580 1.540 7189 MBWORLD 1.540 -0.010 28 1.550 7.65 147.2
1.200 0.750 0.985 0.920 5182 MCT 0.985 0.060 284.4 0.941 22.54 1,314.8
0.525 0.415 0.465 0.440 5040 MEDAINC 0.440 -0.020 221.5 0.444 216.7
1.070 0.680 0.915 0.900 1694 MENANG 0.915 0.015 100 0.904 7.64 244.4
0.605 0.250 0.475 0.410 8141 MJPERAK 0.470 0.050 4298.5 0.448 111.90 4.55 120.8
2.614 2.310
0.360 0.270
0.220 0.085
2.330
0.280

2.310
0.270

6114
8893
6548
MKH
MKLAND
MPCORP
2.310
0.275
0.140
-0.010
UNCH

214.7
100.5

2.321 5.63
0.275 19.93

2.93


1,295.1
332.0
40.3
Ace Market
1.800 1.140 1.380 1.350 1651 MRCB 1.370 UNCH 11504.5 1.363 10.31 2.01 3,003.7 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
1.080 0.610 9539 MUH 0.650 36.7 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
0.365 0.230 0.295 0.285 3913 MUIPROP 0.295 UNCH 507 0.295 21.38 225.4
CONSUMER PRODUCTS
2.030 1.230 1.260 1.260 5073 NAIM 1.260 0.010 93 1.260 315.0
0.292 0.195 0.245 0.235 179 BIOHLDG 0.235 -0.005 891 0.240 20.09 189.5
3.216 2.420 5827 OIB 2.450 11.74 3.27 354.9
0.315 0.200 0.235 0.225 170 KANGER 0.225 -0.005 1324.3 0.228 26.16 179.7
1.710 1.346 1.590 1.570 5053 OSK 1.580 -0.010 116.2 1.580 9.44 4.75 2,216.6
0.450 0.200 0.360 0.345 148 SUNZEN 0.360 0.010 1071.5 0.353 128.57 173.4
1.850 1.251 1.850 1.810 1724 PARAMON 1.830 0.030 179.9 1.830 10.49 4.64 776.5
0.045 0.025 0.045 0.035 95 XINGHE 0.045 0.005 1807.5 0.040 4.29 105.7
0.695 0.405 0.620 0.600 6912 PASDEC 0.600 -0.015 230.5 0.609 171.6
1.820 1.540 1.720 1.710 5075 PLENITU 1.720 UNCH 24.8 1.720 14.14 2.62 656.2 INDUSTRIAL PRODUCTS
0.365 0.225 0.320 0.320 2208 PTGTIN 0.320 UNCH 88 0.320 110.8 0.245 0.137 0.195 0.195 105 ASIAPLY 0.195 Unch 255 0.195 21.43 2.56 65.0
1.270 0.900 1.080 1.080 4596 SAPRES 1.080 UNCH 108.3 1.080 1.44 2.78 150.8 0.095 0.030 0.045 0.040 72 AT 0.040 -0.005 2616 0.041 38.1
0.820 0.665 0.695 0.685 5207 SBCCORP 0.690 -0.005 213.4 0.690 0.67 162.0 0.445 0.245 0.425 0.410 163 CAREPLS 0.415 Unch 7304.9 0.417 74.11 0.72 200.6
1.160 0.785 1.130 1.110 2224 SDRED 1.110 -0.020 121.1 1.120 7.95 2.25 473.0 0.330 0.080 0.285 0.280 102 CONNECT 0.285 -0.005 4087.8 0.284 114.0 90.9
0.580 0.370 0.520 0.510 4286 SEAL 0.520 UNCH 224.5 0.515 38.52 126.3 0.618 0.390 0.400 0.395 100 ESCERAM 0.395 Unch 326.8 0.395 10.05 1.52 81.2
2.962 2.761 2.860 2.850 6017 SHL 2.860 0.020 13 2.858 8.45 6.99 692.5 0.385 0.235 0.235 0.235 175 HHGROUP 0.235 -0.005 222 0.235 335.7 72.5
0.305 0.130 0.250 0.235 4375 SMI 0.235 -0.005 1097.8 0.241 1.74 49.3 0.145 0.065 0.125 0.120 160 HHHCORP 0.120 -0.005 413 0.125 24.49 40.0
1.000 0.690 0.855 0.820 5213 SNTORIA 0.845 -0.005 22.3 0.835 12.34 2.37 421.7 0.525 0.155 0.525 0.490 162 IJACOBS 0.510 0.015 6343.9 0.512 38.06 69.2
5.190 4.211 4.930 4.900 1783 SPB 4.920 0.020 67 4.917 11.05 2.44 1,690.6 0.165 0.085 0.140 0.130 24 JAG 0.135 Unch 21352.6 0.135 24.55 167.1
4.311 2.739 3.270 3.250 8664 SPSETIA 3.260 UNCH 1661.1 3.261 4.75 6.13 9,332.3 0.245 0.125 0.245 0.215 25 LNGRES 0.235 0.020 13042.8 0.234 25.27 56.9
1.590 0.815 1.500 1.450 3743 SUNSURIA 1.490 0.010 743.8 1.479 21.10 1,190.3 0.150 0.040 0.055 0.050 70 MQTECH 0.055 0.005 822.1 0.054 22.8
4.090 2.756 4.090 4.030 5211 SUNWAY 4.090 0.030 4705.3 4.053 14.13 2.18 8,511.7 0.860 0.326 0.790 0.770 49 OCNCASH 0.775 Unch 2224.8 0.778 15.66 0.90 172.8
1.070 0.625 0.970 0.960 1538 SYMLIFE 0.970 0.010 70.1 0.960 8.64 2.06 300.7 0.610 0.130 0.400 0.345 38 PTB 0.390 0.050 11086 0.376 88.64 58.7
0.395 0.215 0.305 0.300 5158 TAGB 0.305 0.005 394 0.300 7.33 1.31 1,623.1 0.190 0.060 0.070 0.065 133 SANICHI 0.065 Unch 500.3 0.065 55.8
7.168 5.976 7.100 6.900 2305 TAHPS 7.080 0.180 21.8 6.984 27.48 0.71 530.0 0.060 0.025 0.035 0.030 109 SCBUILD 0.035 0.005 554 0.031 30.9
0.060 0.035 0.045 0.040 2259 TALAMT 0.040 -0.005 198 0.043 168.8 0.220 0.110 0.205 0.195 1 SCOMNET 0.200 0.005 8734.9 0.200 16.00 2.00 48.6
1.547 1.331 1.460 1.450 5191 TAMBUN 1.460 UNCH 333.3 1.459 5.53 6.85 632.5 0.289 0.117 0.270 0.250 28 SCOPE 0.255 -0.005 2945.1 0.261 31.10 1.96 142.9
0.140 0.055 0.105 0.095 2429 TANCO 0.105 0.005 166.7 0.100 69.5 0.290 0.115 0.185 0.175 55 SERSOL 0.185 0.010 1977.9 0.182 39.8
0.315 0.170 7889 THRIVEN 0.240 90.4 0.955 0.178 0.950 0.920 84 TECFAST 0.940 -0.010 5540.8 0.936 42.53 0.53 160.8
0.085 0.040 0.060 0.055 7079 TIGER 0.060 UNCH 1765 0.059 88.3 TECHNOLOGY
1.930 1.440 1.570 1.570 5239 TITIJYA 1.570 UNCH 333 1.570 8.13 0.32 643.7 0.995 0.160 0.945 0.910 18 ACCSOFT 0.930 -0.015 64.7 0.915 774.3
1.044 0.937 0.960 0.950 5401 TROP 0.950 -0.005 18 0.951 10.64 2.60 1,392.5 0.620 0.160 0.620 0.570 181 AEMULUS 0.610 0.040 31098.8 0.602 160.53 267.7
1.360 0.995 1.230 1.210 5148 UEMS 1.230 0.010 1327.3 1.216 28.94 1.30 5,581.0 0.455 0.115 0.390 0.365 119 APPASIA 0.385 0.015 2529.2 0.382 112.7
2.620 2.096 2.600 2.540 5200 UOADEV 2.600 0.050 1434.6 2.569 6.61 5.77 4,509.0 0.450 0.150 0.210 0.195 68 ASDION 0.200 -0.025 72.5 0.200 23.3
1.810 0.935 1.800 1.800 2976 WINGTM 1.800 UNCH 632.9 1.800 58.44 1.67 877.2 1.190 0.730 0.860 0.795 98 BAHVEST 0.800 0.005 2174.1 0.825 480.0
1.279 0.846 7003 Y&G 0.955 11.40 190.4 0.770 0.620 0.670 0.640 191 CABNET 0.665 0.020 796.4 0.659 10.90 86.5
1.840 1.430 1.470 1.440 3158 YNHPROP 1.470 -0.010 1161.1 1.450 19.09 777.6 0.065 0.030 0.050 0.045 152 DGB 0.050 Unch 693.8 0.049 500.0 26.9
1.610 1.040 1.470 1.430 7066 YONGTAI 1.440 0.040 2562.3 1.449 22.33 627.4 0.075 0.020 0.035 0.035 131 DGSB 0.035 -0.005 995.8 0.035 50.00 47.5
0.670 0.550 0.595 0.585 2577 YTLLAND 0.590 UNCH 17.6 0.590 14.53 498.2 0.120 0.050 0.095 0.090 154 EAH 0.090 Unch 1938.5 0.091 37.50 134.2
MINING 0.280 0.150 0.160 0.150 107 EDUSPEC 0.155 -0.005 6970.5 0.155 27.19 142.7
1.290 1.150 1.210 1.210 2186 KUCHAI 1.210 UNCH 5 1.210 0.70 149.7 0.295 0.050 0.270 0.260 116 FOCUS 0.265 Unch 292.6 0.265 205.9
PLANTATIONS 1.160 0.815 0.955 0.930 104 GENETEC 0.930 Unch 12.1 0.934 33.0
0.285 0.195 0.210 0.205 7054 AASIA 0.210 UNCH 26.5 0.207 210.0 138.6 0.759 0.431 0.590 0.575 39 GFM 0.590 0.005 829.5 0.584 24.08 2.46 252.6
19.575 17.198 19.180 19.120 1899 BKAWAN 19.180 0.040 14.7 19.129 11.04 2.87 8,361.5 0.090 0.030 0.075 0.070 45 GNB 0.075 Unch 980.3 0.070 21.7
8.639 8.380 5069 BLDPLNT 8.450 41.24 0.47 790.1 0.185 0.070 0.165 0.155 74 GOCEAN 0.165 0.010 3818.5 0.161 275.0 43.5
1.697 1.320 1.640 1.630 5254 BPLANT 1.640 UNCH 69.1 1.636 11.46 8.54 2,624.0 0.100 0.040 0.060 0.060 174 IDMENSN 0.060 Unch 366 0.060 120.0 29.7
0.953 0.619 0.820 0.810 8982 CEPAT 0.810 UNCH 63 0.813 9.01 1.85 257.9 0.592 0.227 0.395 0.375 23 IFCAMSC 0.380 -0.005 5581.3 0.384 31.67 1.32 231.2
8.350 7.253 7.860 7.860 1929 CHINTEK 7.860 -0.040 2 7.860 40.45 2.16 718.1 0.100 0.065 94 INIX 0.065 24.07 16.5
0.545 0.385 0.440 0.435 3948 DUTALND 0.440 -0.005 388 0.440 372.3 0.240 0.100 0.170 0.165 10 IRIS 0.165 -0.005 5560.9 0.169 407.9
9.100 7.205 5029 FAREAST 8.950 9.26 3.35 1,265.4 2.150 0.450 2.100 2.030 146 JFTECH 2.080 -0.010 219.9 2.058 61.90 0.48 262.1
2.506 1.412 1.620 1.560 5222 FGV 1.620 0.040 8450.2 1.597 57.65 0.62 5,910.0 2.805 0.594 2.550 2.490 127 JHM 2.520 -0.010 323.6 2.507 24.51 623.6
11.679 9.986 10.880 10.720 2291 GENP 10.860 0.040 851.3 10.845 20.42 0.92 8,724.2 0.270 0.130 0.225 0.215 111 K1 0.215 -0.005 679.1 0.221 111.6
0.675 0.500 0.605 0.600 7382 GLBHD 0.605 UNCH 225.6 0.602 134.9 0.115 0.025 0.040 0.035 36 KGROUP 0.035 -0.005 1119.4 0.037 59.6
1.532 1.105 1.200 1.200 2135 GOPENG 1.200 UNCH 1 1.200 39.47 3.33 215.2 0.635 0.185 0.635 0.605 176 KRONO 0.625 0.005 11153.6 0.624 19.72 169.0
0.895 0.750 0.760 0.750 7501 HARNLEN 0.755 0.005 79 0.756 140.0 0.190 0.045 0.090 0.085 17 M3TECH 0.085 Unch 6054.7 0.086 49.9
2.650 2.291 2.610 2.600 5138 HSPLANT 2.610 0.010 37.4 2.601 14.74 4.21 2,088.0 0.300 0.205 0.265 0.260 75 MEXTER 0.260 Unch 857.1 0.261 52.2
3.616 2.932 2.980 2.970 2216 IJMPLNT 2.980 0.010 17 2.971 22.82 2.35 2,624.1 0.590 0.420 155 MGRC 0.510 115.9 52.8
0.734 0.651 0.680 0.680 2607 INCKEN 0.680 UNCH 5 0.680 1.65 286.1 1.680 0.870 0.930 0.890 126 MICROLN 0.930 Unch 165.1 0.908 202.17 155.7
1.475 0.590 1.080 1.050 6262 INNO 1.050 -0.040 15.2 1.050 13.22 1.90 502.8 0.595 0.306 0.595 0.555 112 MIKROMB 0.565 0.005 5055.9 0.572 16.33 1.95 243.3
4.810 4.120 4.500 4.480 1961 IOICORP 4.490 -0.010 1544.5 4.485 96.98 2.00 28,214.5 0.465 0.065 0.345 0.275 85 MLAB 0.280 -0.040 67258.6 0.318 52.3
25.137 22.442 24.700 24.500 2445 KLK 24.700 UNCH 1261.7 24.660 20.56 2.02 26,367.4 0.280 0.160 0.225 0.215 34 MMAG 0.220 -0.005 505.2 0.219 52.5
3.500 3.070 2453 KLUANG 3.200 71.59 0.31 202.2 1.610 0.503 1.540 1.500 113 MMSV 1.510 -0.020 561.2 1.513 17.58 1.32 246.1
3.940 3.062 3.890 3.870 5027 KMLOONG 3.890 0.010 54 3.881 14.59 3.86 1,212.9 0.245 0.060 0.070 0.065 103 MNC 0.065 Unch 807.6 0.065 20.97 28.3
0.695 0.491 0.545 0.540 1996 KRETAM 0.545 UNCH 207.8 0.541 31.14 1.83 1,268.6 0.310 0.145 0.240 0.235 156 MPAY 0.240 Unch 5155 0.239 170.5
1.750 1.160 1.500 1.450 6572 KWANTAS 1.460 -0.040 14.3 1.484 9.15 455.0 0.735 0.130 0.735 0.640 92 MTOUCHE 0.680 0.020 2458.4 0.685 618.1 86.6
1.550 1.270 4936 MALPAC 1.320 126.9 99.0 0.874 0.625 108 N2N 0.745 28.44 2.68 354.9
0.963 0.767 5026 MHC 0.850 11.94 1.76 167.1 0.110 0.015 0.045 0.040 20 NETX 0.040 Unch 4034.5 0.044 50.0
2.400 2.060 5047 NPC 2.080 7.97 0.48 249.6 0.065 0.035 0.045 0.040 96 NEXGRAM 0.045 0.005 1131.2 0.043 84.7
4.239 3.735 4.050 3.990 2038 NSOP 3.990 -0.010 13.2 4.000 32.31 1.50 280.1 0.115 0.070 0.085 0.085 26 NOVAMSC 0.085 Unch 430 0.085 58.1
0.315 0.190 0.230 0.225 1902 PINEPAC 0.230 0.005 51 0.229 34.5 0.685 0.555 0.585 0.580 35 OPCOM 0.585 Unch 54.1 0.581 13.15 94.3
1.380 0.920 9695 PLS 1.100 359.4 0.414 0.297 0.365 0.355 40 OPENSYS 0.360 -0.005 1023.2 0.360 17.73 2.78 107.2
0.550 0.430 0.455 0.435 5113 RSAWIT 0.455 0.015 134.9 0.443 645.4 0.380 0.125 0.190 0.175 79 ORION 0.185 Unch 7694.8 0.182 110.8
4.100 3.346 2542 RVIEW 3.780 18.23 1.59 245.1 0.090 0.045 0.075 0.070 5 PALETTE 0.075 0.010 2253.3 0.070 14.71 24.0
3.180 2.900 3.050 2.970 2569 SBAGAN 2.980 0.030 27.8 2.988 0.67 197.7 0.230 0.135 0.190 0.180 123 PRIVA 0.185 Unch 3859.5 0.183 1.08 103.3
0.720 0.505 0.640 0.610 4316 SHCHAN 0.610 0.010 107.2 0.633 18.21 73.2 0.175 0.055 0.140 0.135 7 PUC 0.140 Unch 653.5 0.137 56.00 172.6
3.965 3.247 3.560 3.530 5126 SOP 3.550 0.020 68.9 3.547 10.24 1.41 2,026.3 0.945 0.482 0.875 0.865 106 REXIT 0.875 Unch 185.5 0.870 22.04 4.57 165.7
1.940 1.560 1.570 1.570 5135 SWKPLNT 1.570 UNCH 21.5 1.570 12.14 439.6 0.375 0.218 0.305 0.300 178 SEDANIA 0.300 Unch 234.3 0.300 3.33 60.0
0.730 0.570 0.575 0.570 2054 TDM 0.570 UNCH 340.3 0.574 20.80 0.88 943.9 0.190 0.055 0.115 0.115 60 SKH 0.115 Unch 1354.7 0.115 41.07 63.8
1.207 0.998 1.120 1.110 5112 THPLANT 1.120 0.010 79.8 1.117 5.98 5.36 989.9 0.300 0.155 0.210 0.190 117 SMRT 0.195 Unch 1684.1 0.202 63.2
1.977 1.670 1.730 1.680 9059 TSH 1.700 UNCH 213.7 1.709 61.82 1.18 2,306.6 0.110 0.025 0.065 0.060 169 SMTRACK 0.060 -0.005 456.4 0.062 20.8
6.580 5.456 6.510 6.460 2593 UMCCA 6.480 -0.050 15.3 6.496 16.04 3.09 1,356.2 0.355 0.232 0.330 0.325 93 SOLUTN 0.325 Unch 1314.8 0.328 12.80 3.08 99.5
28.700 25.323 27.880 27.040 2089 UTDPLT 27.880 0.840 94.2 27.096 16.68 1.43 5,802.8 0.360 0.080 0.230 0.215 129 SRIDGE 0.225 0.010 3963.7 0.223 27.2
HOTELS 0.390 0.150 0.375 0.360 50 SYSTECH 0.365 -0.005 3809.9 0.366 42.94 0.82 115.8
0.628 0.483 5592 GCE 0.540 3.70 106.4 0.190 0.140 0.155 0.150 132 TDEX 0.155 0.005 455.1 0.152 129.17 64.0
1.000 0.680 0.890 0.880 1643 LANDMRK 0.885 0.005 57 0.886 468.1 1.300 0.189 1.300 1.250 120 VIS 1.270 -0.010 1111 1.271 20.09 0.39 140.6
0.285 0.115 0.160 0.155 1287 PMHLDG 0.155 UNCH 4071.9 0.157 144.0 0.244 0.115 0.150 0.140 69 VIVOCOM 0.145 -0.005 15540 0.144 12.95 469.0
5.295 4.864 5.030 5.000 5517 SHANG 5.020 0.020 95.8 5.001 27.70 2.79 2,208.8 0.145 0.065 0.095 0.095 66 VSOLAR 0.095 -0.005 188 0.095 35.5
TECHNOLOGY 0.070 0.020 141 WINTONI 0.035 18.0
0.760 0.585 7031 AMTEL 0.630 30.29 31.0 0.275 0.080 0.255 0.235 86 YGL 0.240 -0.015 3586.1 0.242 55.7
0.420 0.180 0.345 0.330 5195 CENSOF 0.345 0.015 2793.5 0.337 12.06 173.1 TRADING SERVICES
0.400 0.095 0.300 0.295 51 CUSCAPI 0.295 -0.005 1335.7 0.295 141.4 0.400 0.150 122 AIM 0.250 66.5
0.729 0.273 0.635 0.610 7204 D&O 0.615 -0.005 1596.4 0.618 41.55 613.9 0.165 0.060 48 ANCOMLB 0.110 52.1
0.710 0.110 0.445 0.425 8338 DATAPRP 0.435 0.010 6141.4 0.434 183.3 0.240 0.120 0.135 0.130 150 ASIABIO 0.130 -0.005 2977.8 0.132 33.33 57.4
0.235 0.150 0.175 0.170 29 DIGISTA 0.170 UNCH 734 0.170 11.04 101.9 0.275 0.155 0.200 0.195 187 BCMALL 0.195 Unch 2814.8 0.195 24.68 82.1
1.578 1.304 1.450 1.430 5162 ECS 1.440 -0.010 45 1.441 8.68 4.17 259.2 0.404 0.302 0.335 0.335 11 BTECH 0.335 Unch 7.1 0.335 19.48 4.57 84.4
1.230 0.539 1.150 1.130 65 EFORCE 1.130 -0.020 318.5 1.134 84.33 1.11 467.5 0.320 0.170 157 FOCUSP 0.220 36.3
2.690 1.008 2.680 2.590 90 ELSOFT 2.650 0.050 626 2.644 20.28 1.51 726.5 1.009 0.386 0.925 0.895 185 HSSEB 0.910 0.025 2578.7 0.909 18.31 0.69 290.4
1.870 0.790 1.620 1.520 21 GHLSYS 1.580 0.060 7421.8 1.582 53.92 0.32 1,041.9 0.900 0.520 147 INNITY 0.730 62.39 101.0
0.455 0.210 0.350 0.340 82 GPACKET 0.345 0.005 1653.7 0.344 5.10 261.8 0.360 0.235 0.260 0.255 180 KTC 0.255 Unch 255.9 0.255 35.92 130.1
0.260 0.175 0.230 0.220 56 GRANFLO 0.220 -0.010 208.7 0.226 2.27 106.3 0.350 0.130 0.300 0.280 167 MCLEAN 0.290 -0.005 899.9 0.289 25.00 51.8
6.350 2.636 6.280 6.230 7022 GTRONIC 6.260 -0.020 236.4 6.253 66.10 0.64 1,782.1 0.445 0.275 0.295 0.290 81 MEGASUN 0.295 Unch 53.9 0.290 12.77 64.5
0.980 0.510 0.860 0.845 5028 HTPADU 0.850 -0.010 127.2 0.851 10.04 5.88 86.0 0.280 0.165 0.180 0.180 153 OVERSEA 0.180 -0.005 40 0.180 85.71 44.4
2.460 1.980 2.460 2.390 166 INARI 2.440 0.050 8528.1 2.426 23.28 2.56 4,866.0 0.200 0.115 0.170 0.165 177 PASUKGB 0.165 -0.010 3127 0.170 133.9
0.435 0.075 0.220 0.205 9393 ITRONIC 0.220 0.005 225 0.210 22.6 0.380 0.230 6 PINEAPP 0.320 200.0 15.5
0.688 0.453 0.580 0.575 5161 JCY 0.575 0.005 389.4 0.576 84.56 8.70 1,194.2 0.375 0.201 0.370 0.345 171 PLABS 0.350 -0.025 11502 0.360 20.11 2.00 75.2
16.300 5.588 16.200 15.980 9334 KESM 16.200 0.240 31.4 15.998 18.02 0.19 696.8 0.015 0.005 110 RA 0.005 2.63 4.8
0.160 0.060 0.140 0.135 143 KEYASIC 0.140 0.005 2043.9 0.135 124.6 0.615 0.280 0.440 0.430 32 REDTONE 0.435 -0.005 233.9 0.435 329.5
13.760 7.086 13.760 13.520 3867 MPI 13.660 0.120 213.6 13.672 14.69 1.98 2,867.0 1.080 0.298 0.830 0.770 173 REV 0.810 0.030 2037.1 0.805 7.28 109.1
1.410 0.845 1.410 1.400 5011 MSNIAGA 1.400 0.020 10 1.404 21.15 84.6 0.726 0.477 0.625 0.590 158 SCC 0.625 0.005 201 0.611 14.37 4.85 88.2
1.327 0.343 1.290 1.250 83 NOTION 1.250 UNCH 486 1.268 32.64 2.00 413.3 0.275 0.160 0.220 0.215 161 SCH 0.215 -0.005 206.7 0.216 119.44 3.95 88.6
0.605 0.430 0.505 0.485 9008 OMESTI 0.485 UNCH 374 0.493 208.9 0.230 0.100 0.175 0.155 140 STERPRO 0.160 -0.010 30519 0.166 44.7
0.375 0.260 0.295 0.290 41 PANPAGE 0.295 0.005 211.3 0.292 78.3 0.190 0.103 0.170 0.160 80 STRAITS 0.165 -0.005 1702.7 0.162 63.46 60.7
3.970 0.860 3.740 3.600 7160 PENTA 3.620 -0.060 715.9 3.666 16.88 530.6 1.450 0.955 1.290 1.270 89 TEXCYCL 1.270 -0.030 26 1.281 13.55 0.39 216.9
0.610 0.250 0.395 0.390 9075 THETA 0.390 0.010 361.4 0.393 41.8 0.230 0.100 0.210 0.180 145 TFP 0.205 0.015 3433.5 0.198 42.0
0.215 0.075 0.115 0.110 118 TRIVE 0.115 0.005 509.6 0.112 52.27 153.7 0.175 0.095 0.105 0.105 165 XOX 0.105 Unch 1220 0.105 89.4
3.700 2.206 3.660 3.600 5005 UNISEM 3.650 0.070 605.8 3.643 15.53 3.01 2,678.5 FINANCE
0.810 0.381 0.695 0.685 53 OSKVI 0.690 Unch 524.9 0.688 4.88 2.90 136.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
28 Markets WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

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

Main Market & Ace Market Warrants 0.740 0.230 0.620 0.610 9261WB GADANG-WB 0.615 Unch 1892.5 0.615 1.060 172.36 29/11/2021
0.210 0.075 0.170 0.170 539831 GAMUDA-C31 0.170 0.005 400 5.360 4.900 0.93 29/09/2017
1.480 1.010 1.380 1.370 5398WE GAMUDA-WE 1.380 Unch 691.2 5.360 4.050 1.31 06/03/2021
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.455 0.120 0.300 0.280 5226WA GBGAQRS-WA 0.295 0.010 4438.7 1.400 1.300 13.93 20/07/2018
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
0.500 0.320 0.320 0.320 3611WA GBH-WA 0.320 -0.010 10 1.340 1.000 -1.49 07/04/2020
0.165 0.050 0.050 0.050 5238C7 AAX-C7 0.050 Unch 350 0.395 0.430 21.52 31/10/2017 0.330 0.100 0.220 0.160 0078CD GDEX-CD 0.215 0.060 2165.4 0.705 0.600 7.98 31/10/2017
0.060 0.035 0.035 0.035 5238C8 AAX-C8 0.035 Unch 1350.8 0.395 0.550 48.10 29/12/2017 0.125 0.095 0.125 0.095 0078CF GDEX-CF 0.125 Unch 794.1 0.705 0.650 18.79 02/02/2018
0.070 0.055 0.055 0.055 5238C9 AAX-C9 0.055 -0.010 450 0.395 0.450 34.81 08/01/2018 0.085 0.055 0.085 0.070 0078CG GDEX-CG 0.085 0.025 1490 0.705 0.800 27.94 22/01/2018
0.320 0.160 0.215 0.210 5238WA AAX-WA 0.210 Unch 1562.9 0.395 0.460 69.62 08/06/2020 0.572 0.117 0.495 0.405 0078WB GDEX-WB 0.495 0.100 5563.1 0.705 0.383 24.47 05/02/2020
0.120 0.035 0.095 0.085 7146WA AEM-WA 0.090 -0.005 566.8 0.200 0.250 70.00 17/12/2019 0.345 0.145 0.180 0.175 471523 GENM-C23 0.180 Unch 115 5.750 5.500 5.67 29/09/2017
0.165 0.010 0.020 0.015 6599CH AEON-CH 0.020 0.005 51 2.240 2.520 14.73 18/09/2017 0.300 0.130 0.180 0.180 471524 GENM-C24 0.180 Unch 118 5.750 5.500 6.61 29/12/2017
0.455 0.110 0.355 0.350 5139CB AEONCR-CB 0.350 Unch 208.2 13.180 11.000 1.16 16/10/2017 3.850 2.540 3.080 3.080 2291WA GENP-WA 3.080 0.060 1 10.860 7.750 -0.28 17/06/2019
0.810 0.130 0.490 0.480 5185CV AFFIN-CV 0.490 0.015 40 2.630 2.150 0.38 31/07/2017 0.325 0.160 0.200 0.195 318237 GENTINGC37 0.195 -0.025 40 9.450 8.300 0.21 16/08/2017
0.315 0.105 0.120 0.120 5185CW AFFIN-CW 0.120 0.005 20 2.630 2.400 0.38 31/07/2017 0.210 0.150 0.175 0.175 318238 GENTINGC38 0.175 -0.020 20 9.450 7.880 1.90 31/10/2017
0.325 0.050 0.325 0.295 7315WB AHB-WB 0.310 Unch 5330.2 0.420 0.200 21.43 28/08/2019 0.380 0.170 0.230 0.215 318241 GENTINGC41 0.215 -0.025 60 9.450 8.500 1.32 30/08/2017
0.330 0.070 0.260 0.230 509947 AIRASIAC47 0.255 0.025 1431.5 3.280 2.600 2.59 31/10/2017 0.180 0.070 0.110 0.100 318242 GENTINGC42 0.100 -0.015 208 9.450 9.500 6.88 29/12/2017
0.190 0.075 0.105 0.100 509948 AIRASIAC48 0.105 0.020 326 3.280 3.000 2.67 16/08/2017 1.990 1.240 1.710 1.650 3182WA GENTING-WA 1.670 -0.030 526.2 9.450 7.960 1.90 18/12/2018
0.460 0.185 0.385 0.350 509949 AIRASIAC49 0.385 0.040 291.7 3.280 2.150 0.76 31/07/2017 0.230 0.070 0.150 0.140 1147WA GOB-WA 0.150 Unch 440.5 0.380 0.800 150.00 24/12/2019
0.210 0.120 0.135 0.135 509950 AIRASIAC50 0.135 -0.010 100 3.280 2.850 7.47 29/12/2017 0.085 0.025 0.060 0.055 0074WA GOCEAN-WA 0.060 0.005 500.4 0.165 0.340 142.42 07/08/2019
0.235 0.110 0.145 0.120 509952 AIRASIAC52 0.145 0.025 2428 3.280 3.200 10.82 31/10/2017 0.415 0.190 0.220 0.220 2062WC HARBOUR-WC 0.220 -0.020 9.9 0.690 1.560 157.97 03/04/2021
0.200 0.090 0.150 0.130 509953 AIRASIAC53 0.150 0.020 590 3.280 3.200 11.28 31/01/2018 0.420 0.080 0.345 0.340 5168CY HARTA-CY 0.340 -0.025 6.5 6.750 4.600 0.89 31/07/2017
0.180 0.060 0.095 0.075 509954 AIRASIAC54 0.095 0.020 9431.3 3.280 3.600 17.58 31/10/2017 1.320 0.830 1.280 1.250 5095WB HEVEA-WB 1.270 0.010 441.7 1.520 0.250 0.00 28/02/2020
0.210 0.135 0.165 0.165 509956 AIRASIAC56 0.165 0.015 10 3.280 2.900 9.54 29/12/2017 0.220 0.075 0.180 0.170 5072WB HIAPTEK-WB 0.175 Unch 12483.2 0.375 0.500 80.00 23/06/2021
0.165 0.120 0.150 0.150 5014CU AIRPORT-CU 0.150 -0.005 5 8.800 9.500 15.63 22/01/2018 0.230 0.115 0.175 0.170 7213WB HOVID-WB 0.170 0.005 566 0.320 0.180 9.38 05/06/2018
0.420 0.160 0.340 0.315 7609WA AJIYA-WA 0.320 -0.015 2459.2 0.810 0.920 53.09 28/08/2021 0.075 0.025 0.030 0.025 7013WB HUBLINE-WB 0.030 Unch 23 0.060 0.200 283.33 20/12/2020
0.610 0.085 0.350 0.350 1015CX AMBANK-CX 0.350 Unch 250 5.100 4.150 -1.47 29/09/2017 0.045 0.015 0.025 0.025 9601WD HWGB-WD 0.025 Unch 600 0.055 0.080 90.91 15/03/2021
0.440 0.180 0.190 0.190 1015CY AMBANK-CY 0.190 -0.010 50 5.100 5.000 7.35 31/10/2017 0.235 0.155 0.190 0.180 4251WA IBHD-WA 0.190 0.025 32.1 0.615 1.410 160.16 08/10/2019
0.045 0.005 0.010 0.005 0159WA AMEDIA-WA 0.010 0.005 231.9 0.075 1.100 1,380 02/01/2018 0.115 0.035 0.045 0.045 5225C3 IHH-C3 0.045 -0.015 50 5.910 6.300 8.88 29/12/2017
0.315 0.140 0.175 0.170 6556CC ANNJOO-CC 0.175 Unch 111 3.090 2.800 10.44 31/10/2017 0.195 0.055 0.090 0.090 3336C5 IJM-C5 0.090 -0.010 55.6 3.440 3.500 5.67 29/12/2017
0.270 0.135 0.145 0.145 6556CD ANNJOO-CD 0.145 0.005 110.6 3.090 3.000 13.51 08/12/2017 0.200 0.070 0.200 0.180 0166C1 INARI-C1 0.195 0.015 3626 2.440 2.100 2.05 29/09/2017
0.275 0.040 0.060 0.055 9342WA ANZO-WA 0.060 Unch 190 0.115 0.250 169.57 19/11/2019 0.200 0.075 0.200 0.185 0166C2 INARI-C2 0.200 0.020 270 2.440 2.150 4.51 08/12/2017
0.265 0.045 0.060 0.060 9342WB ANZO-WB 0.060 -0.010 37.3 0.115 0.250 169.57 25/08/2023 0.420 0.165 0.420 0.420 0166CZ INARI-CZ 0.420 0.010 10 2.440 1.800 -0.41 29/12/2017
0.035 0.010 0.025 0.025 5194WA APFT-WA 0.025 Unch 154.3 0.055 0.400 672.73 13/07/2018 0.235 0.235 0.235 0.235 16601 INARI-MC01 0.235 Unch 200 2.440 2.150 7.38 14/12/2017
0.335 0.085 0.275 0.250 0119WA APPASIA-WA 0.270 0.020 2608 0.385 0.130 3.90 23/12/2024 2.200 1.351 2.200 2.200 0166WA INARI-WA 2.200 Unch 0.3 2.440 0.132 -4.43 04/06/2018
0.350 0.060 0.090 0.075 0068WB ASDION-WB 0.080 -0.005 192.1 0.200 0.500 190.00 24/03/2019 1.630 1.300 1.630 1.600 0166WB INARI-WB 1.630 0.040 545.5 2.440 0.800 -0.41 17/02/2020
0.090 0.070 0.070 0.070 4057WB ASIAPAC-WB 0.070 Unch 34 0.160 0.250 100.00 25/05/2022 0.545 0.160 0.470 0.450 3379WB INSAS-WB 0.470 Unch 4522.7 1.050 1.000 40.00 25/02/2020
0.090 0.045 0.045 0.045 6399C3 ASTRO-C3 0.045 -0.005 230 2.550 2.900 17.25 22/12/2017 0.070 0.020 0.040 0.035 7183WA IRETEX-WA 0.040 -0.005 20.1 0.180 0.800 366.67 10/06/2019
0.765 0.095 0.315 0.280 7099WB ATTA-WB 0.305 0.020 2124.7 1.120 1.000 16.52 09/05/2022 0.070 0.020 0.055 0.055 0024WA JAG-WA 0.055 Unch 1068 0.135 0.100 14.81 14/08/2019
0.810 0.300 0.330 0.300 7099WC ATTA-WC 0.325 0.025 60.4 1.120 1.000 18.30 18/11/2024 0.270 0.075 0.075 0.075 5161CY JCY-CY 0.075 Unch 159 0.575 0.530 0.87 28/07/2017
0.035 0.010 0.020 0.015 0072WA AT-WA 0.020 Unch 39.9 0.040 0.090 175.00 28/01/2019 0.265 0.030 0.030 0.030 5161CZ JCY-CZ 0.030 -0.035 10 0.575 0.580 3.48 28/07/2017
0.260 0.070 0.095 0.090 688815 AXIATA-C15 0.090 Unch 180.4 4.650 4.650 5.81 31/10/2017 0.170 0.045 0.085 0.080 9083WB JETSON-WB 0.080 -0.005 362 0.285 0.750 191.23 06/02/2019
0.290 0.080 0.090 0.090 688816 AXIATA-C16 0.090 0.005 30 4.650 4.500 2.58 18/08/2017 0.110 0.060 0.085 0.080 8923WA JIANKUN-WA 0.080 -0.005 103.7 0.285 0.320 40.35 23/12/2021
0.730 0.210 0.610 0.595 7078WA AZRB-WA 0.610 -0.005 21.4 1.140 0.700 14.91 13/05/2024 0.830 0.205 0.660 0.650 7167WA JOHOTIN-WA 0.650 -0.010 159.9 1.520 0.850 -1.32 21/11/2017
0.070 0.055 0.055 0.055 5248CS BAUTO-CS 0.055 -0.010 22.5 1.930 2.100 14.51 08/01/2018 0.090 0.015 0.025 0.025 4383CN JTIASA-CN 0.025 0.005 869.5 1.140 1.350 21.71 16/10/2017
0.170 0.100 0.125 0.110 7241WA BHS-WA 0.125 0.010 1949.4 0.400 0.600 81.25 18/10/2020 0.150 0.060 0.070 0.070 4383CO JTIASA-CO 0.070 Unch 1.6 1.140 1.200 17.54 08/01/2018
0.450 0.260 0.355 0.350 5258WA BIMB-WA 0.355 0.005 430.1 4.350 4.720 16.67 04/12/2023 0.230 0.110 0.160 0.155 0170WA KANGER-WA 0.160 0.005 19.5 0.225 0.100 15.56 13/04/2020
0.155 0.070 0.105 0.100 6998WA BINTAI-WA 0.100 -0.005 127 0.200 0.200 50.00 15/06/2020 0.105 0.045 0.045 0.045 5247C1 KAREX-C1 0.045 Unch 378 1.540 1.950 35.39 28/12/2017
0.230 0.095 0.145 0.140 0179WA BIOHLDG-WA 0.140 -0.005 356.9 0.235 0.220 53.19 05/01/2022 0.055 0.055 0.055 0.055 5247C2 KAREX-C2 0.055 Unch 60 1.540 1.900 32.31 02/02/2018
0.400 0.080 0.180 0.180 3239WA BJASSET-WA 0.180 -0.015 10 1.200 1.000 -1.67 16/03/2018 0.100 0.005 0.005 0.005 5247CS KAREX-CS 0.005 Unch 20 1.540 2.550 66.56 18/08/2017
0.160 0.060 0.090 0.090 3395WB BJCORP-WB 0.090 -0.005 0.2 0.335 1.000 225.37 22/04/2022 0.115 0.005 0.010 0.005 5247CW KAREX-CW 0.010 0.005 528 1.540 2.100 38.31 29/09/2017
0.175 0.050 0.115 0.110 3395WC BJCORP-WC 0.115 0.005 1541 0.335 1.000 232.84 29/05/2026 0.200 0.025 0.040 0.030 5247CZ KAREX-CZ 0.040 Unch 245.1 1.540 2.200 48.05 31/01/2018
1.160 0.650 0.675 0.665 5196WA BJFOOD-WA 0.670 0.010 86.4 1.450 0.700 -5.52 08/08/2017 0.035 0.010 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 4 0.060 0.131 151.67 20/10/2023
0.370 0.035 0.345 0.300 7187WA BKOON-WA 0.340 0.040 26203.3 0.545 0.200 -0.92 07/07/2023 0.390 0.070 0.390 0.390 7161CA KERJAYA-CA 0.390 Unch 125 3.570 2.600 0.14 29/09/2017
0.088 0.045 0.050 0.050 7036WB BORNOIL-WB 0.050 Unch 375 0.105 0.060 4.76 28/02/2018 0.115 0.070 0.110 0.110 7161CB KERJAYA-CB 0.110 Unch 150 3.570 3.350 7.70 30/11/2017
0.081 0.040 0.050 0.045 7036WC BORNOIL-WC 0.050 Unch 1219.7 0.105 0.070 14.29 08/11/2025 2.600 1.090 2.600 2.530 7161WA KERJAYA-WA 2.600 0.010 75.4 3.570 0.880 -2.52 20/12/2017
0.065 0.045 0.050 0.045 7036WD BORNOIL-WD 0.045 -0.005 3451.2 0.105 0.070 9.52 29/05/2027 0.490 0.060 0.390 0.385 0151WA KGB-WA 0.390 0.005 186.7 0.660 0.500 34.85 12/06/2019
0.120 0.060 0.060 0.060 9938WB BRIGHT-WB 0.060 -0.005 26.6 0.305 0.820 188.52 12/01/2019 0.035 0.003 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 703.7 0.035 0.100 214.29 02/07/2018
0.065 0.040 0.045 0.045 2771CL BSTEAD-CL 0.045 0.005 150 2.680 3.000 16.14 30/11/2017 0.030 0.015 0.020 0.015 0036WB KGROUP-WB 0.020 Unch 91 0.035 0.050 100.00 01/05/2020
0.135 0.045 0.080 0.065 7188WA BTM-WA 0.080 Unch 85.5 0.250 0.940 308.00 20/12/2019 0.880 0.620 0.705 0.680 5171WA KIMLUN-WA 0.705 Unch 10 2.250 1.680 6.00 12/03/2024
0.435 0.060 0.270 0.245 181811 BURSA-C11 0.250 -0.010 310.6 10.120 8.900 0.30 30/11/2017 0.075 0.005 0.005 0.005 7164WA KNM-WA 0.005 Unch 830 0.245 0.980 302.04 15/11/2017
0.315 0.110 0.120 0.115 181812 BURSA-C12 0.120 0.005 90 10.120 10.500 9.09 30/11/2017 0.150 0.070 0.075 0.075 7164WB KNM-WB 0.075 Unch 40.2 0.245 1.000 338.78 21/04/2020
0.145 0.100 0.105 0.100 181813 BURSA-C13 0.100 -0.005 150 10.120 10.500 8.70 30/03/2018 0.175 0.070 0.080 0.075 7017WB KOMARK-WB 0.075 -0.005 189.8 0.245 0.300 53.06 21/01/2020
2.550 0.950 2.420 2.350 7174WA CAB-WA 2.410 0.030 37.8 2.990 0.550 -1.00 08/02/2020 0.120 0.030 0.070 0.070 7153CQ KOSSAN-CQ 0.070 -0.010 67 7.000 6.800 3.14 18/08/2017
0.160 0.050 0.060 0.050 7076CD CBIP-CD 0.050 Unch 518 2.050 2.000 2.44 18/08/2017 0.080 0.035 0.065 0.065 7153CU KOSSAN-CU 0.065 -0.005 150 7.000 6.850 6.21 18/09/2017
0.095 0.050 0.055 0.050 7076CE CBIP-CE 0.055 Unch 200 2.050 2.300 16.22 16/10/2017 1.400 0.410 1.270 1.220 5878WB KPJ-WB 1.270 0.010 130 4.230 4.010 24.82 23/01/2019
0.470 0.290 0.340 0.340 7076WA CBIP-WA 0.340 -0.035 5 2.050 2.400 33.66 06/11/2019 0.085 0.020 0.020 0.020 3794CC LAFMSIA-CC 0.020 Unch 50 5.710 7.000 24.34 31/01/2018
0.220 0.045 0.150 0.140 5195WB CENSOF-WB 0.145 0.005 3169.5 0.345 0.460 75.36 07/10/2019 0.650 0.450 0.550 0.550 9385WA LAYHONG-WA 0.550 -0.040 25 0.905 0.400 4.97 13/10/2021
0.310 0.100 0.180 0.175 102321 CIMB-C21 0.175 0.010 60 6.330 6.200 7.62 31/10/2017 1.090 0.580 0.970 0.970 5789WA LBS-WA 0.970 Unch 20 1.980 1.000 -0.51 11/06/2018
0.335 0.150 0.220 0.215 102322 CIMB-C22 0.220 0.010 163 6.330 5.700 3.95 24/11/2017 0.835 0.370 0.720 0.710 5789WB LBS-WB 0.720 -0.010 59.6 1.980 1.250 -0.51 04/10/2020
0.155 0.085 0.090 0.085 102324 CIMB-C24 0.090 0.005 1321.7 6.330 7.000 16.27 28/12/2017 0.300 0.040 0.205 0.180 8745WB LEWEKO-WB 0.195 -0.010 38.4 0.300 0.200 31.67 08/09/2020
0.205 0.040 0.190 0.185 0102WA CONNECT-WA 0.190 0.005 1130 0.285 0.100 1.75 17/09/2021 0.095 0.020 0.065 0.065 5068WA LUSTER-WA 0.065 Unch 766.3 0.120 0.100 37.50 03/06/2022
0.205 0.035 0.180 0.175 0102WB CONNECT-WB 0.175 -0.005 89 0.285 0.100 -3.51 07/06/2021 0.095 0.020 0.065 0.065 5068WB LUSTER-WB 0.065 -0.005 198 0.120 0.100 37.50 26/05/2023
0.015 0.005 0.005 0.005 5214WA CSL-WA 0.005 Unch 100 0.065 1.150 1,677 18/09/2017 0.060 0.015 0.045 0.040 0017WA M3TECH-WA 0.040 -0.005 795 0.085 0.100 64.71 21/08/2019
0.250 0.025 0.165 0.160 0051WA CUSCAPI-WA 0.160 -0.010 1110.8 0.295 0.270 45.76 24/04/2018 0.750 0.220 0.575 0.570 7617WB MAGNA-WB 0.570 -0.020 60 1.460 0.900 0.68 04/09/2020
0.470 0.340 0.355 0.340 5276WA DANCO-WA 0.355 0.005 197.2 0.635 0.300 3.15 22/05/2022 0.265 0.130 0.140 0.130 8583WB MAHSING-WB 0.130 Unch 1359.7 1.550 1.440 1.29 16/03/2018
0.035 0.005 0.020 0.015 7179WB DBE-WB 0.020 0.005 439 0.025 0.050 180.00 22/01/2022 0.170 0.085 0.145 0.140 8583WC MAHSING-WC 0.145 Unch 51 1.550 2.100 44.84 21/02/2020
0.030 0.005 0.015 0.015 0152WA DGB-WA 0.015 Unch 25 0.050 0.110 150.00 22/04/2018 0.095 0.075 0.095 0.095 5264C1 MALAKOF-C1 0.095 Unch 602.4 1.060 1.000 12.26 30/01/2018
0.200 0.105 0.135 0.130 727717 DIALOG-C17 0.135 Unch 357.3 1.910 1.900 6.54 31/01/2018 0.100 0.005 0.005 0.005 5264CT MALAKOF-CT 0.005 Unch 100 1.060 1.500 41.98 31/10/2017
0.085 0.035 0.045 0.045 694718 DIGI-C18 0.045 0.010 200 4.770 4.900 7.44 29/09/2017 0.100 0.015 0.025 0.025 5264CW MALAKOF-CW 0.025 Unch 40 1.060 1.200 17.92 29/09/2017
0.100 0.020 0.030 0.025 694719 DIGI-C19 0.025 -0.005 202.1 4.770 5.100 7.97 31/01/2018 0.090 0.015 0.015 0.015 5264CX MALAKOF-CX 0.015 -0.005 50 1.060 1.300 24.76 16/10/2017
0.075 0.050 0.060 0.060 694720 DIGI-C20 0.060 0.005 200 4.770 5.200 12.79 22/12/2017 0.990 0.085 0.505 0.435 6181WB MALTON-WB 0.490 0.040 28018.9 1.220 1.000 22.13 29/06/2018
0.370 0.045 0.320 0.295 4456WD DNEX-WD 0.305 0.010 59599.3 0.595 0.500 35.29 30/07/2021 0.630 0.350 0.500 0.485 5236WA MATRIX-WA 0.500 Unch 158.6 2.720 2.400 6.62 20/07/2020
0.140 0.060 0.100 0.095 7114WA DNONCE-WA 0.100 Unch 251 0.290 0.250 20.69 25/11/2020 0.190 0.010 0.015 0.010 6012CW MAXIS-CW 0.015 0.005 1534.7 5.570 6.000 8.66 29/09/2017
0.145 0.055 0.075 0.065 5265WA DOLPHIN-WA 0.070 -0.005 988.6 0.245 0.800 255.10 29/03/2021 0.230 0.140 0.190 0.190 115528 MAYBANKC28 0.190 -0.005 100 9.600 9.500 5.29 31/10/2017
0.340 0.180 0.310 0.285 7169WA DOMINAN-WA 0.310 0.010 57.2 1.270 1.300 26.77 10/09/2020 0.585 0.300 0.420 0.420 5152WA MBL-WA 0.420 Unch 5 1.020 0.800 19.61 28/11/2022
0.040 0.010 0.015 0.015 7198WA DPS-WA 0.015 Unch 289 0.090 0.540 516.67 03/01/2018 0.170 0.105 0.120 0.120 1171CW MBSB-CW 0.120 Unch 20 1.280 1.150 8.59 28/11/2017
0.260 0.030 0.095 0.085 161926 DRBHCOMC26 0.090 0.005 3606.8 1.670 1.550 0.90 30/08/2017 0.090 0.040 0.050 0.045 1171CY MBSB-CY 0.050 0.005 3180.7 1.280 1.250 9.38 29/09/2017
0.180 0.030 0.060 0.055 161927 DRBHCOMC27 0.055 Unch 1133 1.670 1.700 8.38 22/08/2017 0.080 0.035 0.045 0.040 1171CZ MBSB-CZ 0.040 Unch 1826 1.280 1.450 21.09 30/11/2017
0.380 0.115 0.290 0.285 161930 DRBHCOMC30 0.290 0.010 298 1.670 1.100 0.60 30/11/2017 0.260 0.040 0.160 0.150 0167WB MCLEAN-WB 0.150 -0.010 103.4 0.290 0.250 37.93 07/10/2020
0.180 0.060 0.090 0.080 161932 DRBHCOMC32 0.090 Unch 516.6 1.670 1.450 1.92 30/08/2017 0.065 0.025 0.060 0.050 5040WC MEDAINC-WC 0.050 -0.005 376.2 0.440 0.800 93.18 24/08/2024
0.195 0.060 0.110 0.100 161933 DRBHCOMC33 0.110 0.005 1038.7 1.670 1.650 11.98 31/10/2017 0.365 0.140 0.255 0.240 1694WB MENANG-WB 0.255 0.015 1028.5 0.915 1.000 37.16 09/07/2019
0.255 0.115 0.165 0.165 161934 DRBHCOMC34 0.165 Unch 27 1.670 1.500 9.58 24/11/2017 0.175 0.095 0.135 0.125 0075WA MEXTER-WA 0.130 Unch 114.6 0.260 0.130 0.00 17/09/2018
0.160 0.105 0.110 0.110 161935 DRBHCOMC35 0.110 -0.010 30 1.670 1.800 24.25 25/01/2018 2.330 0.420 1.950 1.920 3069WA MFCB-WA 1.950 Unch 300 3.860 2.220 8.03 08/04/2020
0.170 0.110 0.110 0.110 161936 DRBHCOMC36 0.110 Unch 94.6 1.670 1.900 26.95 29/12/2017 0.050 0.020 0.040 0.040 7219WA MINETEC-WA 0.040 Unch 2512 0.125 0.150 52.00 27/11/2019
0.125 0.095 0.095 0.095 161937 DRBHCOMC37 0.095 Unch 450 1.670 1.850 22.16 30/03/2018 0.355 0.175 0.195 0.185 5576WC MINHO-WC 0.195 -0.010 10.3 0.520 0.500 33.65 02/08/2021
0.080 0.030 0.030 0.030 5216CW DSONIC-CW 0.030 -0.005 100 1.200 1.400 22.92 31/10/2017 0.115 0.105 0.105 0.105 381612 MISC-C12 0.105 -0.005 20 7.340 7.500 6.47 30/03/2018
0.110 0.020 0.025 0.020 341710 E&O-C10 0.025 -0.010 109 1.670 2.150 31.74 30/11/2017 0.625 0.365 0.505 0.495 9571WD MITRA-WD 0.500 Unch 224.9 1.310 1.090 21.37 23/08/2020
0.320 0.120 0.185 0.160 3417WB E&O-WB 0.185 0.015 24.2 1.670 2.600 66.77 21/07/2019 1.125 0.730 0.760 0.755 6114WB MKH-WB 0.755 0.005 50.9 2.310 1.550 -0.22 29/12/2017
0.065 0.020 0.035 0.035 0154WB EAH-WB 0.035 -0.005 188.3 0.090 0.120 72.22 24/02/2019 0.880 0.230 0.740 0.720 7595WA MLGLOBAL-WA 0.740 0.020 48.1 1.130 0.500 9.73 27/10/2019
0.195 0.090 0.135 0.125 3557WC ECOFIRS-WC 0.135 0.005 130.2 0.295 0.300 47.46 10/09/2019 0.220 0.045 0.060 0.060 2194C4 MMCCORP-C4 0.060 Unch 4.2 2.370 2.250 0.00 31/07/2017
0.145 0.080 0.145 0.130 5253CA ECONBHD-CA 0.140 0.010 1088 2.690 2.500 8.55 30/11/2017 0.055 0.020 0.035 0.030 0103WA MNC-WA 0.030 -0.005 41.9 0.065 0.100 100.00 05/11/2021
0.200 0.160 0.200 0.190 5253CB ECONBHD-CB 0.200 0.040 1600 2.690 2.400 11.52 28/02/2018 0.210 0.175 0.210 0.205 3867CG MPI-CG 0.205 0.010 25.2 13.66 13.10 10.91 22/12/2017
0.165 0.130 0.165 0.160 5253CC ECONBHD-CC 0.165 0.035 2200 2.690 2.600 15.06 28/02/2018 0.070 0.020 0.030 0.030 0070WA MQTECH-WA 0.030 Unch 440 0.055 0.100 136.36 21/11/2021
0.125 0.090 0.120 0.120 5253CD ECONBHD-CD 0.120 -0.005 240 2.690 2.700 13.75 28/12/2017 0.290 0.010 0.020 0.010 165112 MRCB-C12 0.015 -0.010 3852 1.370 1.400 3.83 16/08/2017
0.190 0.115 0.140 0.135 8206CF ECOWLD-CF 0.140 0.005 350 1.610 1.600 12.42 31/01/2018 0.180 0.005 0.010 0.005 165113 MRCB-C13 0.010 Unch 946.9 1.370 1.550 14.96 30/08/2017
0.170 0.095 0.120 0.115 8206CG ECOWLD-CG 0.120 0.010 1000 1.610 1.500 8.07 30/11/2017 0.100 0.015 0.025 0.020 165114 MRCB-C14 0.025 Unch 285 1.370 1.900 43.25 31/10/2017
0.175 0.090 0.115 0.110 8206CH ECOWLD-CH 0.115 Unch 600 1.610 1.600 10.09 08/12/2017 0.135 0.030 0.035 0.030 165115 MRCB-C15 0.035 0.005 1275.4 1.370 1.800 35.22 24/11/2017
0.130 0.075 0.090 0.085 8206CI ECOWLD-CI 0.090 Unch 250 1.610 1.700 16.77 25/01/2018 0.060 0.030 0.030 0.030 165116 MRCB-C16 0.030 Unch 6980.1 1.370 2.100 60.29 29/12/2017
0.710 0.365 0.515 0.500 8206WA ECOWLD-WA 0.515 0.015 70.1 1.610 2.080 61.18 26/03/2022 0.155 0.105 0.115 0.105 165117 MRCB-C17 0.115 0.005 60 1.370 1.540 29.20 28/02/2018
0.150 0.045 0.065 0.055 0107WA EDUSPEC-WA 0.065 Unch 1515.3 0.155 0.180 58.06 24/12/2018 0.110 0.085 0.085 0.085 165118 MRCB-C18 0.085 -0.005 20 1.370 1.700 36.50 28/02/2018
0.945 0.360 0.825 0.810 0065WA EFORCE-WA 0.825 0.005 68.3 1.130 0.340 3.10 17/07/2019 0.390 0.020 0.030 0.020 1651C9 MRCB-C9 0.020 -0.020 8846.6 1.370 1.450 7.30 30/08/2017
0.670 0.415 0.430 0.425 8907WC EG-WC 0.430 0.005 108.2 0.805 0.500 15.53 03/11/2020 0.175 0.085 0.110 0.105 1651WA MRCB-WA 0.105 Unch 2668.7 1.370 2.300 75.55 14/09/2018
0.140 0.025 0.060 0.030 8877CA EKOVEST-CA 0.050 0.015 29354.2 1.170 1.600 43.16 08/12/2017 0.080 0.010 0.050 0.030 0092WA MTOUCHE-WA 0.030 -0.020 3497 0.680 1.260 89.71 17/01/2018
0.145 0.085 0.130 0.105 8877CB EKOVEST-CB 0.130 0.040 41 1.170 1.400 41.88 08/01/2018 0.220 0.030 0.220 0.170 0092WB MTOUCHE-WB 0.175 -0.020 5946.1 0.680 0.540 5.15 16/03/2020
0.090 0.045 0.080 0.055 8877CC EKOVEST-CC 0.075 0.025 12292.4 1.170 1.300 27.14 28/12/2017 0.370 0.105 0.115 0.105 5703CD MUHIBAH-CD 0.105 -0.010 15 2.460 2.600 11.38 29/12/2017
0.085 0.035 0.065 0.045 887701 EKOVEST-MC01 0.065 0.030 334.4 1.170 1.400 30.77 14/12/2017 0.230 0.115 0.165 0.165 13812 MYEG-C12 0.165 -0.005 10 2.140 1.500 0.93 18/09/2017
1.350 0.233 0.870 0.705 8877WB EKOVEST-WB 0.845 0.140 37882.5 1.170 0.480 13.25 25/06/2019 0.190 0.075 0.110 0.105 13815 MYEG-C15 0.110 Unch 461.6 2.140 2.000 8.36 29/09/2017
0.630 0.310 0.450 0.435 5056WA ENGTEX-WA 0.450 Unch 510.2 1.300 0.830 -1.54 25/10/2017 0.255 0.100 0.155 0.155 13816 MYEG-C16 0.155 Unch 20 2.140 2.000 7.94 31/01/2018
0.060 0.025 0.025 0.025 5283CE EWINT-CE 0.025 Unch 1701.2 1.100 1.350 28.41 30/11/2017 0.110 0.075 0.080 0.080 13818 MYEG-C18 0.080 Unch 130 2.140 2.600 30.84 25/01/2018
0.080 0.060 0.070 0.065 5283CF EWINT-CF 0.070 Unch 402 1.100 1.050 11.36 28/12/2017 0.195 0.065 0.115 0.115 0138C7 MYEG-C7 0.115 -0.005 150 2.140 1.867 1.56 22/08/2017
0.450 0.285 0.295 0.290 5283WA EWINT-WA 0.295 Unch 1356 1.100 1.450 58.64 02/04/2022 0.065 0.005 0.025 0.020 0020WB NETX-WB 0.020 -0.005 460 0.040 0.050 75.00 08/06/2019
0.570 0.100 0.510 0.500 7047WB FAJAR-WB 0.505 0.005 786.9 0.945 0.700 27.51 24/09/2019 0.415 0.190 0.325 0.320 0172WA OCK-WA 0.320 Unch 1594.2 0.915 0.710 12.57 15/12/2020
0.180 0.115 0.125 0.120 06501R FBMKLCI-C1R 0.125 Unch 375 1,754 1,670 0.15 29/09/2017 0.255 0.060 0.155 0.130 7071WC OCR-WC 0.155 -0.005 123.8 0.580 0.500 12.93 24/07/2021
0.350 0.230 0.235 0.230 06501V FBMKLCI-C1V 0.235 -0.010 702 1,754 1,760 3.64 29/09/2017 0.280 0.045 0.070 0.060 9008WB OMESTI-WB 0.065 -0.005 3721.9 0.485 0.500 16.49 30/05/2018
0.100 0.015 0.025 0.025 06502W FBMKLCI-H2W 0.025 Unch 2999.9 1,754 1,715 -1.28 31/10/2017 0.370 0.195 0.280 0.270 5053WC OSK-WC 0.275 -0.010 55.1 1.580 1.800 31.33 22/07/2020
0.160 0.055 0.085 0.080 06502Z FBMKLCI-H2Z 0.085 0.005 1050 1,754 1,765 3.97 30/11/2017 0.210 0.080 0.210 0.195 7052CI PADINI-CI 0.210 0.025 60 3.750 2.800 2.67 29/09/2017
0.480 0.385 0.460 0.460 06504B FBMKLCI-H4B 0.460 0.010 200 1,754 1,790 7.24 30/11/2017 0.240 0.180 0.240 0.230 7052CK PADINI-CK 0.235 0.020 4 3.750 3.200 4.13 28/02/2018
0.120 0.090 0.120 0.115 06504C FBMKLCI-H4C 0.115 Unch 140 1,754 1,785 6.30 29/12/2017 0.055 0.025 0.035 0.025 0005WA PALETTE-WA 0.030 Unch 4831.5 0.075 0.040 -6.67 20/03/2018
0.160 0.005 0.005 0.005 522221 FGV-C21 0.005 Unch 110 1.620 2.550 58.02 30/08/2017 0.300 0.080 0.260 0.245 5125WA PANTECH-WA 0.260 0.020 1805.7 0.635 0.500 19.69 21/12/2020
0.205 0.005 0.005 0.005 522224 FGV-C24 0.005 Unch 0.1 1.620 1.850 14.97 31/07/2017 0.300 0.105 0.275 0.250 5125WB PANTECH-WB 0.270 0.015 1474 0.635 0.500 21.26 21/12/2021
0.135 0.025 0.030 0.025 522226 FGV-C26 0.030 0.005 322 1.620 2.200 40.62 31/10/2017 0.165 0.085 0.115 0.110 129512 PBBANK-C12 0.110 -0.005 200 20.360 19.550 -0.20 31/07/2017
0.085 0.015 0.025 0.020 522227 FGV-C27 0.025 0.005 3995.6 1.620 2.450 55.09 16/10/2017 0.100 0.050 0.050 0.050 129514 PBBANK-C14 0.050 Unch 320.7 20.360 21.000 5.11 29/09/2017
0.155 0.055 0.060 0.055 522228 FGV-C28 0.055 Unch 1399.2 1.620 2.050 35.03 31/01/2018 0.240 0.030 0.030 0.030 518310 PCHEM-C10 0.030 Unch 1082.2 6.910 7.100 4.27 18/08/2017
0.130 0.065 0.070 0.065 522229 FGV-C29 0.065 Unch 333 1.620 2.100 39.66 08/01/2018 0.255 0.035 0.040 0.040 5183C9 PCHEM-C9 0.040 Unch 674.3 6.910 7.000 3.33 29/09/2017
0.195 0.115 0.125 0.115 522230 FGV-C30 0.125 0.005 4321.6 1.620 1.600 20.37 28/12/2017 0.400 0.200 0.230 0.230 9997WB PENSONI-WB 0.230 Unch 24.8 0.630 0.600 31.75 20/01/2024
0.130 0.100 0.110 0.100 522231 FGV-C31 0.110 0.010 1630 1.620 1.630 17.59 30/03/2018 0.485 0.130 0.405 0.400 8311WC PESONA-WC 0.400 -0.010 41 0.655 0.250 -0.76 27/01/2020
0.130 0.065 0.100 0.095 9318WB FITTERS-WB 0.095 -0.005 49.4 0.400 1.000 173.75 12/10/2019 0.740 0.100 0.655 0.625 3042CB PETRONM-CB 0.655 0.040 364.4 8.560 4.500 -1.52 31/07/2017
WED N E S DAY J U LY 1 9 , 20 17 THEED 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

Japan Nikkei skids to more than one-
week low as stronger yen, Abes falling
support hurt
TOKYO: Japans Nikkei Share Average fell
to a more than one-week low yesterday
as a stronger yen hit cyclical stocks and
sliding support for the current administration
added to the gloomy mood.
The Nikkei fell 0.59% or 118.95 points
to 19,999.91, the lowest closing level since
July 7.
The US dollar dropped to trade at a two-
week low of 111.97, having lost steam after
hitting a near four-month high of 114.495
a week ago.
US yields seemed to have hit the ceiling
and the US dollar is weakening against the
yen, and thats dragging down stocks, said
Toru Ibayashi, executive director of Wealth
Management at UBS Securities in Tokyo.
Pressure on the US dollar has come
from US Federal Reserve (Fed) chair Janet
Yellens cautious stance on tightening in
her congressional testimony last week as
well as last Fridays tame US inflation data.
Investors were also held back by
weakening support for Japanese Prime
Minister Shinzo Abe, which has fallen to
below 30%, the lowest since he returned
to power in 2012, traders said.
Im getting more and more calls from
foreign investors who want thorough
explanations on why his support rate is
falling so rapidly, said Kyoya Okazawa,
Asia-Pacific head of institutional clients
at BNP Paribas Securities.
The suspicion of scandal over favouritism
for a friends business and missteps by
cabinet ministers have taken a toll on Abe,
who until recently was favoured to win a
third three-year term as party leader, and
hence, premier when his current term
expires in September 2018.
Its easy to place yen buying-stock
selling trade in the short term ... Abes
most attractive policy was to weaken the
yen, so if his support rate falls further, the
yen will likely strengthen further and hit
Japanese shares, Okazawa said.
Since coming to power in late 2012,
Abe has orchestrated massive monetary
and fiscal stimulus policies whose most
prominent impact has been seen in a
sharply weaker yen a boon to export-
reliant Japan.
Financial stocks lost ground, with the
banking sector dropping 1.1%.
Mitsubishi UFJ Financial Group declined
1.4% and Mizuho Financial Group fell 0.9%.
Automakers weakened, with Toyota
Motor Corp falling 1.3% and Honda Motor
Co dropping 1.2%.
On the brighter side, Toshiba Corp
jumped 19% to 275.80 after US hedge
fund Greenlight Capital last Friday said it
had added a stake. Further helping the stock
was news Western Digital Corp had failed
to gain an immediate injunction to block the
US$18 billion sale of Toshibas chip unit.
Greenlight Capital said Toshiba may be
worth as much as 400 per share once
it resolves a legal dispute with Western
Digital over the sale of its chip business.
The broader Topix dropped 0.3% to
1,620.48 and the JPX-Nikkei Index 400
fell 0.4% to 14,413.49.
US Wall Street ends at; Netix
jumps after the bell
NEW YORK: US stocks closed little changed
in low volume on Monday as gains in utilities
and consumer stocks offset declines in
healthcare, with earnings news filtering
out winners and losers across the board.
BlackRock shares fell 3.1% to
US$424.63 after the worlds biggest asset
managers quarterly profit came in below
expectations.
Analysts expect that earnings for S&P
500 Index companies rose 8.2% in the
second quarter, according to Thomson
Reuters.
After the closing bell, Netflix shares
jumped 8.5% to US$175.45 following better-
than-expected subscriber growth.
Procter & Gamble (P&G) rose 0.5% to
US$87.55 as investor Nelson Peltz actively
seeks a seat on P&Gs board.
Health stocks on the S&P 500 slipped,
partly weighed down by a delay in the
US Senates consideration of healthcare
legislation after news over the weekend
that Arizona Republican Senator John
McCain would remain in his home state
next week following a medical procedure.
I think weve got to see some dry
ink on the healthcare bill before you can
make broad bets on that sector, said Erick
Ormsby, chief executive officer of Alcosta
Capital Management in San Ramon,
California.
[The] bulk of funds will come in as
we see clarity on [the] healthcare bill, he
added.
The Dow Jones Industrial Average fell
8.02 points or 0.04% to 21,629.72; the S&P
500 lost 0.13 points or 0.01% to 2,459.14;
and the Nasdaq Composite added 1.97
points or 0.03% to 6,314.43.
The S&P health sector fell 0.3%, while
utilities gained 0.4% and the consumer
discretionary sector rose 0.26%.
Amazon led discretionary sector gains
with a 0.8% increase to US$1,010.04.
Meal-kit company Blue Apron Holdings fell
10.5% to US$6.59 after an Amazon unit
filed a trademark for a competing meal-kit
service earlier this month.
Advancing issues outnumbered
declining ones on the New York Stock
Exchange by a 1.28-to-one ratio; on
Nasdaq, a 1.09-to-one ratio favoured
advancers.
In what could be the slowest full session
by volume so far this year, about 5.16 billion
shares changed hands on US exchanges,
compared with the 6.51 billion daily average
over the last 20 sessions. Reuters

Nikkei 225 Shanghai Composite Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
5800 21600
20800 3,187.57
3900 3,516.35
+11.10 -9.59
4825
(+0.35%) (-0.27%)
17625 18575 3415
2,772.70
14450 3850 15550 2930
10,172.06 19,999.91 10,403.79
-118.95 3,087.842 21,629.72
(-0.59%)
-8.02
11275 2875 12525 (-0.04%) 2445

8100 1900 9500 1960

Mar 1, 2010 Jul 18, 2017 Mar 1, 2010 Jul 18, 2017 Mar 1, 2010 Jul 17, 2017 Mar 1, 2010 Jul 17, 2017

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.205 0.030 0.030 0.030 8524CA TALIWRK-CA 0.030 Unch 120 1.480 1.600 11.15 29/09/2017
Main Market & Ace Market Warrants 0.130 0.060 0.090 0.090 0132WA TDEX-WA 0.090 Unch 210 0.155 0.110 29.03 21/09/2018
1.160 0.305 0.330 0.305 7200WA TEKSENG-WA 0.310 0.005 42.8 0.515 0.250 8.74 29/01/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.095 0.005 0.005 0.005 534733 TENAGA-C33 0.005 Unch 5 14.16 14.78 4.80 28/07/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.195 0.085 0.120 0.110 534735 TENAGA-C35 0.115 -0.010 906 14.16 13.80 2.33 30/11/2017
0.315 0.085 0.220 0.205 3042CC PETRONM-CC 0.220 0.010 836 8.560 6.500 6.78 29/09/2017 0.130 0.040 0.115 0.090 0145WA TFP-WA 0.110 0.010 3755.8 0.205 0.100 2.44 15/02/2019
2.600 2.200 2.250 2.240 8869WC PMETAL-WC 2.240 Unch 7 2.660 0.390 -1.13 22/08/2019 3.560 2.620 2.750 2.700 7034WA TGUAN-WA 2.730 0.080 12.5 4.320 1.500 -2.08 09/10/2019
1.050 0.615 0.935 0.915 7088WB POHUAT-WB 0.930 -0.005 257 1.940 1.000 -0.52 21/10/2020 0.105 0.060 0.065 0.060 7889WB THRIVEN-WB 0.065 0.005 32.1 0.240 0.640 193.75 05/10/2020
0.210 0.170 0.170 0.170 463410 POS-C10 0.170 -0.020 5 5.070 5.500 21.89 22/01/2018 0.025 0.005 0.015 0.010 7079WB TIGER-WB 0.010 Unch 50.9 0.060 0.170 200.00 23/12/2018
0.435 0.170 0.270 0.270 4634C6 POS-C6 0.270 -0.020 10 5.070 4.000 0.20 18/08/2017 0.040 0.010 0.025 0.025 7079WC TIGER-WC 0.025 Unch 96 0.060 0.080 75.00 11/02/2021
0.285 0.130 0.140 0.130 4634C8 POS-C8 0.135 -0.005 337.8 5.070 5.100 11.24 31/10/2017 0.090 0.005 0.015 0.005 486314 TM-C14 0.015 Unch 16 6.450 6.700 4.46 29/09/2017
0.370 0.140 0.200 0.195 4634C9 POS-C9 0.200 -0.010 25.2 5.070 4.900 14.40 16/10/2017 0.080 0.025 0.025 0.025 0101CC TMCLIFE-CC 0.025 Unch 28 0.825 1.000 27.27 31/10/2017
0.710 0.198 0.625 0.615 7168WA PRG-WA 0.620 Unch 55.6 1.020 0.375 -2.45 06/07/2019 0.315 0.125 0.155 0.140 0101WB TMCLIFE-WB 0.150 0.015 2633.5 0.825 0.750 9.09 21/06/2019
0.710 0.425 0.500 0.485 8966WA PRLEXUS-WA 0.490 0.005 71.3 1.290 1.200 31.01 14/06/2021 0.810 0.510 0.715 0.710 8397WC TNLOGIS-WC 0.715 -0.005 202.1 1.740 1.000 -1.44 26/12/2018
0.145 0.040 0.105 0.100 7145WA PSIPTEK-WA 0.105 -0.010 740 0.160 0.100 28.13 16/11/2019 0.485 0.109 0.450 0.425 7285WA TOMYPAK-WA 0.440 0.005 367.1 1.020 0.930 34.31 21/06/2021
0.140 0.020 0.080 0.080 0007WA PUC-WA 0.080 Unch 419 0.140 0.100 28.57 25/12/2024 0.185 0.050 0.130 0.130 711316 TOPGLOV-C16 0.130 0.005 6 5.730 5.400 3.32 30/08/2017
0.145 0.015 0.075 0.070 0007WB PUC-WB 0.075 0.005 1245 0.140 0.100 25.00 15/02/2019 0.200 0.035 0.175 0.160 711317 TOPGLOV-C17 0.170 0.010 259 5.730 5.200 4.10 29/12/2017
0.640 0.215 0.280 0.280 6807WB PUNCAK-WB 0.280 0.030 25 0.860 1.000 48.84 20/07/2018 0.200 0.040 0.055 0.055 7173WA TOYOINK-WA 0.055 -0.005 15 0.700 1.500 122.14 20/04/2018
0.750 0.215 0.680 0.645 7134WA PWF-WA 0.645 -0.025 95.1 1.030 0.620 22.82 20/07/2021 0.360 0.230 0.250 0.235 5401WA TROP-WA 0.240 -0.005 101.8 0.950 1.000 30.53 06/12/2019
0.170 0.020 0.095 0.090 5256WA REACH-WA 0.095 Unch 180 0.420 0.750 101.19 12/08/2022 0.140 0.045 0.045 0.045 9059CJ TSH-CJ 0.045 -0.010 20 1.700 1.900 15.74 16/10/2017
0.090 0.060 0.070 0.065 5270WA RSENA-WA 0.065 Unch 334.1 0.450 0.500 25.56 01/12/2023 0.425 0.110 0.320 0.315 5042WB TSRCAP-WB 0.320 Unch 56 0.760 0.700 34.21 28/12/2020
0.080 0.010 0.015 0.015 0133WB SANICHI-WB 0.015 Unch 56.2 0.065 0.210 246.15 13/03/2018 0.150 0.070 0.080 0.080 514841 UEMS-C41 0.080 Unch 130 1.230 1.140 5.69 31/10/2017
0.040 0.015 0.015 0.015 0133WC SANICHI-WC 0.015 -0.005 100 0.065 0.210 246.15 24/09/2019 0.085 0.015 0.015 0.015 514842 UEMS-C42 0.015 -0.005 25 1.230 1.400 16.26 29/09/2017
0.125 0.060 0.095 0.095 5157WA SAUDEE-WA 0.095 0.005 40 0.340 0.500 75.00 31/03/2021 0.100 0.040 0.045 0.045 514845 UEMS-C45 0.045 Unch 400 1.230 1.200 7.44 31/10/2017
0.025 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 487 0.035 0.050 71.43 06/11/2019 0.145 0.135 0.145 0.145 514847 UEMS-C47 0.145 Unch 10 1.230 1.000 4.88 30/01/2018
0.185 0.055 0.130 0.125 0161WA SCH-WA 0.125 Unch 561 0.215 0.100 4.65 04/12/2021 0.080 0.005 0.010 0.005 524316 UMWOG-C16 0.005 Unch 1230 0.340 0.750 123.53 31/10/2017
0.190 0.055 0.155 0.140 0028WA SCOPE-WA 0.140 -0.015 122.1 0.255 0.150 13.73 17/07/2020 0.110 0.005 0.005 0.005 524317 UMWOG-C17 0.005 -0.005 7947.9 0.340 0.800 136.76 24/11/2017
0.785 0.160 0.620 0.580 7073WB SEACERA-WB 0.615 0.025 1116.1 1.420 1.000 13.73 29/05/2019 0.070 0.015 0.015 0.015 524318 UMWOG-C18 0.015 -0.005 59.8 0.340 0.600 83.09 29/12/2017
0.270 0.075 0.075 0.075 521838 SENERGYC38 0.075 -0.005 300 1.590 1.650 13.21 30/11/2017 0.195 0.070 0.100 0.100 7091WA UNIMECH-WA 0.100 -0.015 4.8 1.040 1.500 53.85 18/09/2018
0.100 0.040 0.040 0.040 521845 SENERGYC45 0.040 -0.005 837 1.590 2.000 30.82 28/02/2018 0.164 0.025 0.060 0.050 0069WB VIVOCOM-WB 0.055 Unch 15540.1 0.145 0.200 75.86 07/09/2018
0.110 0.090 0.095 0.090 521846 SENERGYC46 0.095 -0.010 302.4 1.590 1.700 20.66 30/01/2018 0.180 0.050 0.080 0.075 0069WC VIVOCOM-WC 0.080 Unch 3132.7 0.145 0.100 24.14 22/01/2020
0.170 0.125 0.140 0.125 5279CA SERBADK-CA 0.125 -0.015 1185.2 1.860 2.000 24.33 02/02/2018 0.175 0.055 0.080 0.080 0069WD VIVOCOM-WD 0.080 Unch 2043.4 0.145 0.100 24.14 08/07/2020
0.215 0.075 0.140 0.130 0055WA SERSOL-WA 0.135 0.005 108 0.185 0.180 70.27 18/04/2023 0.095 0.030 0.065 0.060 7070WC VIZIONE-WC 0.065 Unch 601.6 0.115 0.100 43.48 05/02/2022
0.205 0.055 0.150 0.150 7165WA SGB-WA 0.150 -0.020 9 0.650 0.600 15.38 07/04/2021 0.210 0.155 0.175 0.175 6963CM VS-CM 0.175 Unch 20 2.010 1.800 6.97 30/11/2017
0.350 0.210 0.265 0.250 7246WA SIGN-WA 0.265 0.015 31 0.900 0.970 37.22 21/04/2021 0.175 0.115 0.130 0.130 6963CN VS-CN 0.130 0.005 50 2.010 2.000 12.44 08/12/2017
0.190 0.120 0.135 0.135 419714 SIME-C14 0.135 Unch 43 9.550 9.000 1.31 29/12/2017 0.060 0.010 0.015 0.015 0066WA VSOLAR-WA 0.015 Unch 332.2 0.095 0.120 42.11 01/12/2017
0.160 0.120 0.140 0.135 7155CE SKPRES-CE 0.135 0.010 35 1.330 1.200 5.45 25/01/2018 0.690 0.240 0.600 0.585 6963WA VS-WA 0.590 Unch 2198.7 2.010 1.650 11.44 06/01/2019
0.245 0.120 0.130 0.130 9776WB SMCAP-WB 0.130 Unch 95 0.700 1.000 61.43 13/07/2018 0.135 0.040 0.055 0.050 3565CA WCEHB-CA 0.055 Unch 120 1.420 1.650 23.94 30/11/2017
0.540 0.135 0.240 0.240 5213WA SNTORIA-WA 0.240 -0.005 0.8 0.845 0.600 -0.59 15/04/2019 0.215 0.045 0.050 0.050 9679C1 WCT-C1 0.050 0.005 0.5 1.900 2.250 24.21 30/11/2017
0.845 0.650 0.775 0.760 5242WA SOLID-WA 0.775 0.005 10.5 1.300 0.500 -1.92 16/12/2020 0.340 0.060 0.080 0.070 9679CZ WCT-CZ 0.070 0.005 198 1.900 2.000 10.79 31/10/2017
0.285 0.125 0.225 0.220 0093WA SOLUTN-WA 0.220 0.005 650.4 0.325 0.200 29.23 04/07/2021 0.665 0.170 0.225 0.200 9679WD WCT-WD 0.220 0.015 6432.8 1.900 1.710 1.58 11/12/2017
0.400 0.080 0.095 0.090 8664CW SPSETIA-CW 0.090 -0.005 161 3.260 3.400 8.44 29/12/2017 0.570 0.175 0.360 0.330 9679WE WCT-WE 0.345 0.015 3070.5 1.900 2.080 27.63 27/08/2020
0.200 0.025 0.030 0.030 8664CY SPSETIA-CY 0.030 0.005 126.9 3.260 3.900 21.47 08/12/2017 0.125 0.005 0.005 0.005 5246CP WPRTS-CP 0.005 Unch 0.1 3.700 4.400 19.32 31/07/2017
0.140 0.035 0.090 0.080 0129WA SRIDGE-WA 0.085 0.005 1178.2 0.225 0.180 17.78 24/02/2023 0.095 0.005 0.005 0.005 5246CQ WPRTS-CQ 0.005 Unch 30 3.700 4.450 20.68 18/08/2017
0.125 0.020 0.065 0.055 0140WA STERPRO-WA 0.065 0.005 978.3 0.160 0.480 240.63 17/02/2021 0.930 0.490 0.675 0.655 7245WA WZSATU-WA 0.670 -0.005 10.2 1.080 0.500 8.33 28/10/2024
0.065 0.015 0.030 0.025 1201WA SUMATEC-WA 0.025 -0.005 209.9 0.055 0.320 527.27 03/03/2021 0.220 0.020 0.160 0.155 5156WC XDL-WC 0.155 0.005 16 0.265 0.160 18.87 02/07/2018
0.060 0.015 0.020 0.020 1201WB SUMATEC-WB 0.020 Unch 10 0.055 0.175 254.55 13/11/2018 0.015 0.005 0.010 0.010 0095WA XINGHE-WA 0.010 0.005 100 0.045 0.100 144.44 22/03/2019
0.505 0.145 0.455 0.400 3743WA SUNSURIA-WA 0.445 0.025 3747.1 1.490 1.500 30.54 22/07/2020 0.110 0.035 0.065 0.060 0165WA XOX-WA 0.060 -0.005 522.1 0.105 0.200 147.62 10/02/2019
0.325 0.100 0.255 0.240 0148WA SUNZEN-WA 0.255 0.010 50.2 0.360 0.100 -1.39 14/04/2019 0.300 0.165 0.215 0.215 7003WA Y&G-WA 0.215 0.015 2.5 0.955 1.000 27.23 16/11/2019
0.235 0.060 0.160 0.145 0148WB SUNZEN-WB 0.150 Unch 622.1 0.360 0.250 11.11 25/02/2021 0.115 0.060 0.075 0.075 7293CL YINSON-CL 0.075 -0.005 5 3.540 3.300 1.69 22/08/2017
0.105 0.040 0.040 0.040 710622 SUPERMX-C22 0.040 -0.025 15 1.920 2.080 16.67 31/10/2017 0.185 0.050 0.065 0.065 7020WB YKGI-WB 0.065 Unch 92 0.215 0.500 162.79 28/05/2020
0.080 0.025 0.025 0.025 710626 SUPERMX-C26 0.025 Unch 300 1.920 2.200 18.49 31/10/2017 1.100 0.630 1.020 0.935 7066WA YONGTAI-WA 0.935 -0.010 520 1.440 0.500 -0.35 24/06/2020
0.155 0.060 0.080 0.070 710627 SUPERMX-C27 0.080 0.010 101 1.920 2.000 12.50 31/01/2018 0.100 0.035 0.035 0.035 4677C8 YTL-C8 0.035 Unch 375.8 1.440 1.500 6.60 29/12/2017
0.220 0.155 0.160 0.160 7082WB SYF-WB 0.160 Unch 610 0.525 0.700 63.81 11/11/2019 0.115 0.060 0.060 0.060 6742C1 YTLPOWR-C1 0.060 Unch 500 1.420 1.400 2.82 28/02/2018
0.365 0.125 0.255 0.255 1538WB SYMLIFE-WB 0.255 Unch 15 0.970 1.100 39.69 11/11/2020 0.450 0.320 0.360 0.345 6742WB YTLPOWR-WB 0.350 -0.010 57 1.420 1.140 4.93 11/06/2018
0.165 0.040 0.050 0.050 5158CD TAGB-CD 0.050 Unch 50 0.305 0.300 14.75 31/10/2017 0.125 0.040 0.060 0.055 2283WA ZELAN-WA 0.060 Unch 112 0.140 0.250 121.43 25/01/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on July 17, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Chinas gross domestic product growth
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AEON CO (M) 455,500 ABERDEEN ASSET MANAGEMENT PLC 266,753,400 13/7
AND ITS SUBSIDIARIES, UK
AEON CO (M) 238,800 EMPLOYEES PROVIDENT FUND BOARD 106,109,800 12/7
ASIA FILE CORPORATION (55,500) AMANAHRAYA TRUSTEES 43,994,400 13/7
- SKIM AMANAH SAHAM BUMIPUTERA
ASTINO (100,000) CHEAH SOO JIN 1,637,858 13/7
ASTRO MALAYSIA HOLDINGS (351,100) EMPLOYEES PROVIDENT FUND BOARD 321,580,900 12/7
AXIATA GROUP 2,953,700 EMPLOYEES PROVIDENT FUND BOARD 1,439,413,990 11 & 12/7
AXIS REAL ESTATE 61,100 EMPLOYEES PROVIDENT FUND BOARD 137,690,264 12/7
INVESTMENT TRUST
BOON KOON GROUP 12,000,000 DATUK SERI CHIAU BENG TEIK 78,923,800 12/7
BOUSTEAD HOLDINGS 537,000 LEMBAGA TABUNG ANGKATAN TENTERA 1,222,316,218 11 & 12/7
BURSA MALAYSIA 130,000 EMPLOYEES PROVIDENT FUND BOARD 29,276,294 11/7
CAPITALAND (M) MALL TRUST 546,000 EMPLOYEES PROVIDENT FUND BOARD 188,666,300 12/7
CHIN HIN GROUP 1,098,500 CHIAU HAW CHOON 284,831,300 13/7
COMPUGATES HOLDINGS (12,000,000) GOH KHENG PEOW 417,004,410 13 & 14/7
DESTINI (5,000,000) UTARASAMA MARINE 106,127,000 4/7
DIALOG GROUP (2,610,200) EMPLOYEES PROVIDENT FUND BOARD 667,633,650 12/7
DIGI.COM 2,874,600 EMPLOYEES PROVIDENT FUND BOARD 1,050,558,332 11 & 12/7
DRB-HICOM 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 113,574,387 12/7
DUTCH LADY MILK INDUSTRIES (98,600) AMANAHRAYA TRUSTEES 5,202,600 12/7
- SKIM AMANAH SAHAM BUMIPUTERA
FEDERAL FURNITURE HOLDINGS (M) (280,000) DATO (DR) CHOY FOOK ON 67,576,800 12/7
GAMUDA 354,900 EMPLOYEES PROVIDENT FUND BOARD 270,282,605 12/7
GENTING PLANTATIONS 52,000 EMPLOYEES PROVIDENT FUND BOARD 134,739,700 12/7
GLOBETRONICS TECHNOLOGY (799,600) EMPLOYEES PROVIDENT FUND BOARD 30,988,700 12/7
HO HUP CONSTRUCTION COMPANY (200,000) OMESTI HOLDINGS 51,827,300 12/7
IJM CORPORATION (150,000) AMANAHRAYA TRUSTEES 214,546,300 13/7
- SKIM AMANAH SAHAM BUMIPUTERA
IJM CORPORATION (1,436,600) EMPLOYEES PROVIDENT FUND BOARD 529,165,758 12/7 Bank earnings
INARI AMERTRON (360,000) DATO WONG GIAN KUI 12/7
IOI CORPORATION (1,887,800) EMPLOYEES PROVIDENT FUND BOARD 595,293,673 12/7
KSL HOLDINGS 520,000 LEMBAGA TABUNG HAJI 60,043,073 11 & 12/7
KUALA LUMPUR KEPONG (957,700) EMPLOYEES PROVIDENT FUND BOARD 160,486,688 12/7
KUMPULAN POWERNET 170,000 DATUK SERI HAJI AHMAD BIN HAMZAH 606,000 14/7
LAFARGE MALAYSIA 135,700 EMPLOYEES PROVIDENT FUND BOARD 78,738,189 12/7
MAH SING GROUP (1,191,500) EMPLOYEES PROVIDENT FUND BOARD 211,949,161 13/7
MALAYAN BANKING (1,200,000) AMANAHRAYA TRUSTEES 3,688,490,585 13/7
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 1,380,900 EMPLOYEES PROVIDENT FUND BOARD 1,271,162,692 12/7
MALAYSIA AIRPORTS HOLDINGS (120,000) EMPLOYEES PROVIDENT FUND BOARD 167,010,092 12/7
MEDIA PRIMA 127,400 EMPLOYEES PROVIDENT FUND BOARD 150,606,238 7/7
MEDIA PRIMA 128,700 MORGAN STANLEY & CO. LLC. US 72,647,100 13/7
MISC (1,509,200) EMPLOYEES PROVIDENT FUND BOARD 281,567,372 30/6 & 5/7
MITRAJAYA HOLDINGS 720,000 EMPLOYEES PROVIDENT FUND BOARD 38,115,000 11 & 12/7
MMC CORPORATION 1,329,000 LEMBAGA TABUNG HAJI 217,416,600 11 & 12/7
ORIENTAL HOLDINGS 212,600 EMPLOYEES PROVIDENT FUND BOARD 52,379,916 12/7
PANASONIC MANUFACTURING (M) (41,600) EMPLOYEES PROVIDENT FUND BOARD 4,336,346 4, 5 & 7/7
PDZ HOLDINGS 500,000 TAN CHOR HOW CHRISTOPHER 500,000 14/7
PPB GROUP (56,600) EMPLOYEES PROVIDENT FUND BOARD 110,040,125 12/7
PUBLIC BANK (2,130,000) EMPLOYEES PROVIDENT FUND BOARD 491,185,900 12/7
SUNWAY (614,600) EMPLOYEES PROVIDENT FUND BOARD 119,600,391 11 & 12/7
SYF RESOURCES (300,000) INSAS CREDIT & LEASING S/B 49,013,200 12 & 13/7
TECHFAST HOLDINGS (54,800) YAP KOK CHING 60,000 17/7
TELEKOM MALAYSIA 521,800 EMPLOYEES PROVIDENT FUND BOARD 659,925,174 12/7
TENAGA NASIONAL 440,800 AMANAHRAYA TRUSTEES 367,845,200 13/7
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL (2,058,700) EMPLOYEES PROVIDENT FUND BOARD 739,795,342 12/7
TEX CYCLE TECHNOLOGY (M) (1,721,000) CAN CYCLE 70,671,959 14/7
TSR CAPITAL 200,000 LEMBAGA TABUNG HAJI 16,556,500 11/7
UMW HOLDINGS (150,200) EMPLOYEES PROVIDENT FUND BOARD 140,047,460 12/7
UMW OIL & GAS CORPORATION (1,600,000) EMPLOYEES PROVIDENT FUND BOARD 196,599,776 12/7
UZMA 800,000 EMPLOYEES PROVIDENT FUND BOARD 21,685,400 12/7
UZMA 231,000 LEMBAGA TABUNG HAJI 28,536,800 12/7 Stocks closest to year high Stocks closest to year low
WCT HOLDINGS 920,900 EMPLOYEES PROVIDENT FUND BOARD 110,941,529 12/7 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
YTL CORPORATION (1,690,900) EMPLOYEES PROVIDENT FUND BOARD 706,442,047 12/7 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder AJI 25.500 25.100 25.460 83.8 MRCB-C12 0.020 0.010 0.015 3852
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
YOCB 1.440 1.360 1.430 2542.6 TSH-CJ 0.045 0.045 0.045 20
Bursa Malaysia. Note: * denotes Ace Market
AHB-WB 0.325 0.295 0.310 5330.2 MRCB-C9 0.030 0.020 0.020 8846.6
ECONBHD-CB 0.200 0.190 0.200 1600 SENERGYC46 0.095 0.090 0.095 302.4
ECONBHD-CC 0.165 0.160 0.165 2200
Local events to watch out for today FRONTKN 0.385 0.365 0.380 57303.7
BRAHIMS
SENERGYC45
0.540
0.040
0.515
0.040
0.520
0.040
328.5
837
MIKROMB 0.595 0.555 0.565 5055.9 FBMKLCI-C1V 0.235 0.230 0.235 702
MTOUCHE 0.735 0.640 0.680 2458.4 DANCO-WA 0.355 0.340 0.355 197.2
CYL Corp Bhds annual general meeting Centre, Meeting Room 301, Level 3, MTOUCHE-WB 0.220 0.170 0.175 5946.1 ACOSTEC 0.555 0.550 0.555 176.9
(AGM) at Eastin Hotel, Ballroom 2, Lower Kuala Lumpur from 10.30am to 1pm. MSNIAGA 1.410 1.400 1.400 10 YTL 1.460 1.440 1.440 10821.5
Ground, Jalan 16/11 Pusat Dagang, Atilze Digital Sdn Bhd (a wholly-owned AEMULUS 0.620 0.570 0.610 31098.8 PUNCAK 0.865 0.855 0.860 496.3
Seksyen 16, Petaling Jaya at 10am. subsidiary of G3 Global Bhd) and U Mobiles FPI 1.050 1.030 1.050 1227.8 SENERGYC38 0.075 0.075 0.075 300
HEVEA 1.540 1.510 1.520 871.3 GDEX-CF 0.125 0.095 0.125 794.1
JKG Land Bhds AGM at Bukit Kiara signing ceremony at Putrajaya Marriott
INARI-WB 1.630 1.600 1.630 545.5 OWG 1.600 1.550 1.560 256.5
Equestrian and Country Resort, Dewan Hotel, IOI Resort City, Putrajaya at 1pm. MPI 13.760 13.520 13.660 213.6 RPB 0.330 0.305 0.305 259.9
Berjaya, Jalan Bukit Kiara, off Jalan Clear Marque Volvos Hari Raya open GDEX-CG 0.085 0.070 0.085 1490 SEM 1.300 1.210 1.240 3584.2
Damansara, Kuala Lumpur at 10.30am. house at Clear Marque, Showroom, KERJAYA 3.570 3.540 3.570 598.6 MKH 2.330 2.310 2.310 214.7
Archidex 2017s official opening Jalan Kuching, Jalan Segambut, This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
ceremony at Kuala Lumpur Convention Kuala Lumpur from 6.30pm to 9pm. could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
prot-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.637 0.736 0.702 0.565 0.927 1.006 1.006 0.928 3.1536 4.965 59.327 4.737 2.702 9,792 47.328 82.423 5.933 37.319 2.679 2.759 6.094 24.722 5.742
EURO 1.570 1.155 1.103 0.887 1.456 1.579 1.579 1.457 4.9512 7.795 93.144 7.438 4.243 15,374 74.306 129.406 9.316 58.592 4.207 4.332 9.568 38.815 9.015
US $ 1.359 0.866 0.954 0.768 1.260 1.367 1.367 1.261 4.2860 6.748 80.630 6.438 3.673 13,308 64.322 112.020 8.064 50.720 3.641 3.750 8.282 33.600 7.804
SWISS FR 1.424 0.907 1.048 0.805 1.320 1.432 1.432 1.321 4.4908 7.070 84.483 6.746 3.848 13,944 67.396 117.373 8.449 53.144 3.816 3.929 8.678 35.205 8.177
STERLING 1.769 1.127 1.302 1.242 1.641 1.779 1.779 1.642 5.5795 8.784 104.964 8.382 4.781 17,324 83.735 145.827 10.498 66.027 4.740 4.882 10.782 43.740 10.159
CANADA $ 1.078 0.687 0.794 0.757 0.610 1.084 1.085 1.001 3.4010 5.354 63.981 5.109 2.914 10,560 51.041 88.889 6.399 40.247 2.890 2.976 6.572 26.662 6.193
BRUNEI $ 0.995 0.633 0.732 0.698 0.562 0.922 1.000 0.923 3.1363 4.938 59.001 4.711 2.688 9,738 47.068 81.971 5.901 37.115 2.665 2.744 6.060 24.587 5.711
SINGAPORE $ 0.994 0.633 0.732 0.698 0.562 0.922 1.000 0.923 3.1358 4.937 58.992 4.711 2.687 9,737 47.061 81.958 5.900 37.109 2.664 2.744 6.060 24.583 5.710
AUSTRALIA $ 1.078 0.686 0.793 0.757 0.609 0.999 1.084 1.084 3.3988 5.351 63.940 5.106 2.913 10,553 51.008 88.832 6.395 40.221 2.888 2.974 6.568 26.645 6.189
MALAYSIA RM 0.317 0.202 0.233 0.223 0.179 0.294 0.319 0.319 0.294 1.0000 1.574 18.812 1.502 0.857 3,105 15.008 26.136 1.881 11.834 0.850 0.875 1.932 7.839 1.821
100 CHINESE RMB 20.141 12.829 14.820 14.144 11.384 18.676 20.252 20.255 18.688 63.5170 1,195 95.415 54.430 197,221 953.236 1,660 119.505 751.654 53.966 55.577 122.738 497.938 115.656
100 BANGLADH TAKA 1.686 1.074 1.240 1.184 0.953 1.563 1.695 1.695 1.564 5.3156 8.369 7.985 4.555 16,505 79.775 138.931 10.001 62.905 4.516 4.651 10.272 41.672 9.679
100 DANISH KRONER 21.109 13.445 15.532 14.823 11.931 19.573 21.225 21.229 19.586 66.5690 104.81 1,252 57.045 206,698 999.04 1,740 125.25 787.77 56.56 58.25 128.64 521.86 121.21
100 UAE DIRHAM 37.004 23.569 27.227 25.986 20.915 34.312 37.208 37.214 34.334 116.6957 183.72 2,195 175.30 362,341 1,751 3,050 219.56 1,381 99.15 102.11 225.50 914.83 212.49
1000 INA RUPIAH 0.010 0.007 0.008 0.007 0.006 0.009 0.010 0.010 0.009 0.0322 0.051 0.606 0.048 0.028 0.483 0.842 0.061 0.381 0.027 0.028 0.062 0.252 0.059
100 INDIA RUPEE 2.113 1.346 1.555 1.484 1.194 1.959 2.125 2.125 1.960 6.6633 10.491 125.353 10.010 5.710 20,690 174.154 12.537 78.853 5.661 5.830 12.876 52.237 12.133
100 JAPAN YEN 1.213 0.773 0.893 0.852 0.686 1.125 1.220 1.220 1.126 3.8261 6.024 71.978 5.748 3.279 11,880 57.420 7.199 45.278 3.251 3.348 7.393 29.995 6.967
100 NORWEGIAN KRONER 16.854 10.735 12.401 11.835 9.526 15.628 16.947 16.949 15.638 53.1500 83.678 1,000 79.842 45.546 165,031 797.653 1,389 628.972 45.158 46.506 102.705 416.667 96.779
100 PHILIPPINE PESO 2.680 1.707 1.972 1.882 1.515 2.485 2.694 2.695 2.486 8.4503 13.304 158.970 12.694 7.241 26,238 126.819 220.859 15.899 7.180 7.394 16.329 66.246 15.387
100 QATAR RIYAL 37.322 23.772 27.461 26.209 21.095 34.607 37.528 37.534 34.630 117.6988 185.303 2,214 176.807 100.860 365,456 1,766 3,076 221.446 1,393 102.985 227.437 922.694 214.313
100 SAUDI RIYAL 36.240 23.083 26.665 25.449 20.483 33.604 36.440 36.446 33.626 114.2872 179.932 2,150 171.682 97.936 354,863 1,715 2,987 215.028 1,352 97.101 220.845 895.949 208.101
100 SWEDISH KRONOR 16.410 10.452 12.074 11.524 9.275 15.216 16.500 16.503 15.226 51.7500 81.474 973.542 77.739 44.346 160,684 776.642 1,353 97.366 612.404 43.968 45.281 405.691 94.230
100 THAI BAHT 4.045 2.576 2.976 2.840 2.286 3.751 4.067 4.068 3.753 12.7560 20.083 239.971 19.162 10.931 39,608 191.437 333.394 24.000 150.953 10.838 11.161 24.649 23.227
100 HK$ 17.415 11.092 12.814 12.229 9.843 16.148 17.511 17.514 16.158 54.9191 86.464 1,033.160 82.500 47.062 170,524 824.203 1,435 103.329 649.907 46.661 48.054 106.124 430.535
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 LY 1 9 , 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 US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
1,758.50 90000 0.00 105.0
1980 18.00 94.664 4.5
(-1.00) (-0.50) (-0.464) 3.48
(Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Jul 18, 2017 Jan 4, 2010 Jul 18, 2017 Oct 1, 2000 Jul 18, 2017
Oct 2, 2006 Jul 18, 2017

FBM KLCI futures end lower, FBM KLCI futures Trumpshealthcarefailure Klibor
taking cue from cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
sendsUSdollarto10-monthlow MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,754.92 -0.27 85.8M The US dollar sank to a 10-month low against JUL7 96.54
AUG7 96.53
Malaysia Derivatives ended lower yesterday, JUL 17 1,758.50 -1.00 1,965 31,276 -223 a basket of major currencies yesterday, as SEP7 96.52
AUG 17 1,758.50 -1.50 100 365 12
taking the cue from the cash market. the collapse of US President Donald Trumps DEC7 96.47
SEP 17 1,758.00 -1.00 10 307 4
July 2017 and September 2017 eased DEC 17 1,757.00 -2.50 9 169 1
latest healthcare bill eroded confidence in MAR8 96.47
one point each to 1,758.5 and 1,758, while TOTAL his ability to legislate to boost growth. JUN8 96.47
2,084 32,117 -206
SEP8 96.47
August 2017 shed1.5 points to 1,758.5 and The Australian dollar was by far the DEC8 96.47
December 2017 declined 2.5 points to 1,757. FUTURES ROLL OVER BID OFFER CLOSE biggest beneficiary, jumping 1.8% to more MAR9 96.47
Turnover stood at 2,084lots with open JUL/AUG 0.5 0.0 0.0
than two-year highs after minutes from JUN9 96.47
interest amountingto 32,117 contracts. FUTURES FAIR VALUE a Reserve Bank policy meeting showed it SEP9 96.47
DEC9 96.47
The underlying benchmark FBM CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE turning more upbeat on the economy. MAR0 96.47
KLCIfinished at 1,754.92, down 0.27 point. JUL 17
AUG 17
14
44
1.99
6.58
0.00
5.65
1.99
0.93
In four weeks dominated by doubts over JUN0 96.47
Most Southeast Asian stock markets ROLLS FAIR -1.06
the US Federal Reserves ability to raise interest SEP0 96.47
ended lower yesterday, tracking Asian shares rates further, and signs that other major central DEC0 96.47
MAR1 96.47
and Wall Street overnight as the passage of banks are finally turning more hawkish, the
JUN1 96.47
a US healthcare bill grew doubtful, raising US dollar is now down more than 3%. SEP1 96.47
concerns about how the rest of US President Yesterday, the US Dollar Index was down DEC1 96.47
Donald Trumps ambitious economic agenda gains into a fourth session at 0.24%, closing 8.8% from the 14-year peak of 103.82 hit on MAR2 96.47
would fare. at their highest level since July 27, 2015. Jan 3. The euro rose 0.7% to US$1.1564, its JUN2 96.47
TOTAL 0 0
Singapore shares, meanwhile, extended Agencies strongest since May last year. 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
0.3351
(RM3,165/tonne)
3450 5075 0.5475 121.25 1660
152500 46.48
(+0.46)
2700 105000 3750 0.3650 87.50 1340

1950 57500 2425 0.1825 53.75 1020

2,512 1,236.30
(-25) 2,512 (+2.60)
1200 10000 (-25) 0.0000 20.00 700
1100
Jan 6, 2008 Jul 18, 2017 Apr 10, 2007 Jul 18, 2017 Aug 31, 2008 Jul 18, 2017
Jan 6, 2008 Jul 18, 2017

Palm oil eases to 2-week low CPO futures Oil climbs as firm demand Commodities

on higher production outlook CONTRACT

AUG-17
LAST
2,581
CHANGE
-36
VOLUME
1,328
OPEN CHANGE IN
INTEREST OPEN INTEREST
12,217 -760
absorbs ample supply AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,512 -25
RUBBER SEN/KG MRB 635.50 1.50
SEP-17 2,527 -30 7,767 52,491 -4,731
Malaysian palm oil futures fell to a two- Oil rose yesterday as demand soaked up CORN USC/BSH CBOT 386.25 11.25
OCT-17 2,512 -25 13,533 46,923 245
SOYBEANS USC/BSH CBOT 999.75 14.75
week low in late trade yesterday, dropping NOV-17 2,511 -25 3,443 43,851 -415 some of the surplus supplies from Opec
WHEAT USC/BSH CBOT 515.25 9.25
nearly 1% as the market was weighed down DEC-17 2,530 -23 938 8,101 105 and the US, but traders said the market was LIVE CATTLE USC/IBS CME 118.63 0.05
by expectations of rising production. CPO FUTURES CPO/SOYOIL trading in a tight range and showed few signs COCOA US$/TON NYBOT 1,973 27
Palm oil prices were on an uptrend at the INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) of big short-term moves. COFFEE USC/IBS NYBOT 133.80 0.25
AUG/SEP 54 -74.29
start of the month, tracking gains in rival AUG/OCT 69 3 MONTHS AVERAGE -96.51
Brent crude was up 56 US cents at SUGAR USC/IBS NYBOT 14.94 0.10
oilseed soy, but then began to weaken last AUG/NOV US$48.98 a barrel, while US light crude oil COTTON USC/IBS NYC 67.77 0.40
70 6 MONTHS AVERAGE -90.50
week as production recovered. SEP/OCT 15 was 46 US cents higher at US$46.48. METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,050 120
The benchmark palm oil contract SGS & ITS EXPORT ESTIMATES (TONNES) We are stuck in a range that will be tough COPPER USC/IBS CMX 2.7150 -0.0090
for October delivery on Bursa Malaysia SHIPMENT DAYS MAY17 JUN17 JUL17 to break out of without some kind of political GOLD US$/TROY OZ CMX 1,236.30 2.60
Derivatives was down 0.95% at RM2,512 at 1 - 10TH DAYS 359/347 367/367 381/360 factor coming into play, Matt Stanley, fuel PLATINUM US$/TROY OZ NYMEX 927.50 -0.30
the close of trade, its second consecutive day 1- 15TH DAYS 613/618 524/509 616/599
broker at Freight Investor Services, said. PALLADIUM US$/TROY OZ NYMEX 859.05 -2.95
of declines. It earlier hit an intraday low of 11 -- 20TH DAYS
25TH DAYS
853/847
1,007/1,007
710/721
996/986
/
/
In a sign of strong demand, data on SILVER USC/TROY OZ CMX 16.07 0.00
RM2,508, its weakest level since July 5. Monday showed refineries in China ALUMINIUM RMB/TON SHF 14,430 -125
FULL MONTH 1,310/1,306 1,210/1,190 /
ZINC RMB/TON SHF 22,930 -70
A trader said the market dipped on MALAYSIAN PALM OIL BOARD increased crude throughput in June to the
expectations of an increase in production. MAR17 APR17 MAY17 JUN17 second highest on record. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 46.48 0.46
It looks like supplies are inching higher, PRODUCTION 1,464 1,548 1,655 1,514 But many markets are well supplied and HEATING OIL USC/GAL NYMEX 1.5146 0.0106
he said. The market is also factoring in EXPORT STOCKS
1,554
1,266
1,283
1,600
1,506
1,558
1,379
1,527
oil for prompt delivery is trading at heavy NATURAL GAS US$/MMBTU NYMEX 3.050 0.043
weaker demand. discounts to forward futures in several parts BRENT CRUDE US$/BBL ICE 48.98 0.56
MPOB Palm oil physical
While output in June saw an unexpected of the world. Reuters GAS OIL US$/TON ICE 448.00 -0.50
decline due to lower harvests as workers went (IN RM/TON) JUL17 AUG17 SEP17

on leave during the Muslim fasting month CPO DELD

PK EX-MILL
2,593.00 NO TRADE NO TRADE
2,022.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - Msia SMR 20
of Ramadan and the Eid-Al-Fitr holidays, CPKO DELD 4,191.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
production is seen rebounding in July. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
Production in June fell 8.5% to 1.51 million RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE 511.50 635.50
tonnes from the previous month. Muslim- RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+8.50) (+1.50)
1475
majority Malaysia and Indonesia produce MPOB FFB REF PRICE (MILL GATE PRICE)
nearly 90% of the worlds palm oil supplies. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
In other related oils, the December NORTH 20.00% 570 19.00% 544 18.00% 519
soybean oil contract on the Chicago Board SOUTH 20.00% 581 19.00% 554 18.00% 528
500 625
of Trade rose 0.7%, while September soybean CENTRAL 20.00% 572 19.00% 546 18.00% 520
oil on the Dalian Commodity Exchange was EAST COAST 20.00% 573 19.00% 547 18.00% 521 300 200
SABAH 22.00% 557 21.00% 534 20.00% 510 Jan 7, 2007 Jul 18, 2017 Jan 7, 2007 Jul 18, 2017
down 0.6%. Reuters SARAWAK 22.00% 565 21.00% 541 20.00% 517
 Markets
32 WEDN ESDAY JU LY 1 9, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S 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 1,754.92 0.27 FBM ACE 6,822.75 25.42 FTSTI 3,306.08 7.84 NIKKEI 19,999.91 118.95 HANG SENG 26,524.94 54.36 DOW JONES 21,629.72 8.02

Creativity is intelligence having fun. Market movers

Albert Einstein
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 IWCITY 109,251.4 0.300 24.19 1.540 0.00
('000) (%) (RM) (RM) (RM) (RM) UMWOG 98,025.9 -0.030 -8.11 0.340 0.00
Index point
1760.0 IWCITY 109,251 24.19 0.300 1.540 1.590 1.240 EKOVEST 71,923.9 0.120 11.43 1.170 9.87 1.14
1759.2 1,758.50 EKOVEST 71,924 11.43 0.120 1.170 1.210 1.050 MLAB 67,258.6 -0.040 -12.50 0.280 0.00
(-1.00) DNEX-WD 59,599 3.39 0.010 0.305 0.320 0.295 DNEX-WD 59,599.3 0.010 3.39 0.305 0.00
1758.4
1757.6 EKOVEST-WB 37,883 19.86 0.140 0.845 0.870 0.705 FRONTKN 57,303.7 0.015 4.11 0.380 14.48 0.00
KLCI futures BKOON 36,588 19.78 0.090 0.545 0.550 0.455 EKOVEST-WB 37,882.5 0.140 19.86 0.845 0.00
1756.8
AEMULUS 31,099 7.02 0.040 0.610 0.620 0.570 DNEX 37,625.9 0.010 1.71 0.595 4.08 0.85
1756.0 1,754.92 EKOVEST-CA 29,354 42.86 0.015 0.050 0.060 0.030 BKOON 36,587.6 0.090 19.78 0.545 0.00
1755.2 (-0.27)
KL Composite Index MALTON-WB 28,019 8.89 0.040 0.490 0.505 0.435 AEMULUS 31,098.8 0.040 7.02 0.610 150.00 0.00
1754.4 GDEX 27,632 10.16 0.065 0.705 0.715 0.640 STERPRO 30,519.4 -0.010 -5.88 0.160 0.00
1753.6 BKOON-WA 26,203 13.33 0.040 0.340 0.345 0.300 EKOVEST-CA 29,354.2 0.005 11.11 0.050 0.00
1752.8 JAG 21,353 0.00 0.000 0.135 0.140 0.130 BORNOIL 29,260.4 -0.005 -4.55 0.105 11.96 0.00
1752.0 HUBLINE 19,881 9.09 0.005 0.060 0.065 0.055 MALTON-WB 28,018.9 0.040 8.89 0.490 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
MALTON 16,349 2.52 0.030 1.220 1.240 1.160 GDEX 27,631.6 0.065 10.16 0.705 91.43 0.39
EKOVEST-CC 12,292 50.00 0.025 0.075 0.080 0.055 BKOON-WA 26,203.3 0.040 13.33 0.340 0.00
Daily FBM KLCI ASB 11,261 2.78 0.005 0.185 0.190 0.175 ANZO 21,706.3 -0.005 -4.17 0.115 0.00
PTB 11,086 14.71 0.050 0.390 0.400 0.345 AAX 21,392.6 UNCH UNCH 0.395 40.31 0.00
KL Composite Index Moving average - 20-day JAG 21,352.6 UNCH UNCH 0.135 24.55 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,754.92 HUBLINE 19,880.6 0.005 9.09 0.060 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(-0.27) 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 1,766.30 FBM KLCI cuts losses; CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

IWCity rises UTDPLT

AJI
27.880
25.460
0.840
0.460
BAT
HEIM
43.000
17.760
-0.580
-0.180
1122.5 IWCITY 1.540 0.300 PANAMY 37.340 -0.140
DLADY 58.400 0.300 HARTA 6.750 -0.120
KUALA LUMPUR: The FBM KLCI pared losses in the final KESM 16.200 0.240 DIN040000223 99.000 -0.100
820.0 trading minutes for a 0.27-point drop as investors bargain- PETRONM 8.560 0.200 POS 5.070 -0.100
Jan 2, 2008 Jul 18, 2017 hunted for index-linked shares like Petronas Chemicals TAHPS 7.080 0.180 NESTLE 83.900 -0.100
Group Bhd (PetChem) and Sime Darby Bhd. APOLLO 5.370 0.170 HLBANK 15.800 -0.100
900
At 5pm yesterday, the FBM KLCI closed at 1,754.92 points LATITUD 5.470 0.150 ATLAN 4.500 -0.100
IQGROUP 4.390 0.140 KAREX-C2 0.055 -0.095
after falling to its intraday low at 1,752.57. PetChem and
600 EKOVEST-WB 0.845 0.140 GENTING 9.450 -0.090
Sime Darby shares rose two sen each to close at RM6.91 and AIRASIA 3.280 0.130 IMASPRO 1.700 -0.090
300 RM9.55 respectively.
Analysts said Malaysian shares appeared to be oversold. Top gainers and losers (ranked by percentage)
0
Hence, there are rebound expectations.
Volume (mil)
Hong Leong Investment Bank Bhd retail and equity UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
research head Loui Low said: The market appeared to
FBM KLCI futures hold steady over the past few days despite expectations that XINGHE-WA 0.010 100.00 KAREX-C2 0.055 -63.33
AMEDIA-WA 0.010 100.00 JCY-CZ 0.030 -53.85
CONTRACT SETTLEMENT CHANGE HIGH LOW
Malaysian stocks should be heading into a rebound.
KAREX-CW 0.010 100.00 MRCB-C9 0.020 -50.00
JUL 17 1,758.50 -1.00 1,760.00 1,755.50 However, technical indicators suggest that the market EKOVEST-MC01 0.065 85.71 UMWOG-C17 0.005 -50.00
AUG 17 1,758.50 -1.50 1,760.00 1,756.00 is likely to pick up in the coming weeks. INARI-MC01 0.235 56.67 MTOUCHE-WA 0.030 -40.00
SEP 17 1,758.00 -1.00 1,758.00 1,755.00
Iskandar Waterfront City Bhd (IWCity), which led active MAXIS-CW 0.015 50.00 MRCB-C12 0.015 -40.00
counters, was also the fourth-largest gainer. IWCity added EKOVEST-CC 0.075 50.00 SUPERMX-C22 0.040 -38.46
FBM KLCI sensitivity* 30 sen to RM1.54 with some 109 million shares traded. EKOVEST-CB 0.130 44.44 HSI-H99 0.010 -33.33

KLCI CHANGE CLOSE VOLUME Bursa Malaysia Bhd has approved six newApproved EKOVEST-CA 0.050 42.86 E&O-C10 0.025 -28.57
POINTS (RM) (RM) ('000) GDEX-CG 0.085 41.67 SANICHI-WC 0.015 -25.00
CIMB GROUP 0.75 0.050 6.330 13751.7
Advisers to be included in the Register of Advisers for the GDEX-CD 0.215 38.71 UEMS-C42 0.015 -25.00
MAXIS 0.52 0.040 5.570 3600.3 Leading Entrepreneur Accelerator Platform (LEAP) market. MAXWELL 0.020 33.33 IHH-C3 0.045 -25.00
DIGI.COM 0.51 0.040 4.770 4869.0 The exchange said thenew approved advisers are Crowe
PETRONAS CHEMICAL 0.26 0.020 6.910 3658.5 Horwath Advisory Sdn Bhd,DWA Advisory Sdn Bhd, Top gainers and losers - warrants (ranked by percentage)
TELEKOM MALAYSIA 0.25 0.040 6.450 3062.4 MainStreet Advisers Sdn Bhd, Strategic Capital Advisory
SIME DARBY 0.22 0.020 9.550 10620.5 UP CHANGE DOWN CHANGE
AXIATA GROUP 0.15 0.010 4.650 1483.2
Sdn Bhd, WYNCorp Advisory Sdn Bhd and ZJ Advisory Sdn CLOSE (%) CLOSE (%)
IHH HEALTHCARE -0.14 -0.010 5.910 3411.4 Bhd. by Samantha Ho XINGHE-WA 0.010 100.00 KAREX-C2 0.055 -63.33
MAYBANK -0.17 -0.010 9.600 14053.3
World equity indices AMEDIA-WA 0.010 100.00 JCY-CZ 0.030 -53.85
IJM CORPORATION -0.18 -0.030 3.440 9522.8 KAREX-CW 0.010 100.00 MRCB-C9 0.020 -50.00
TENAGA NASIONAL BERHAD -0.19 -0.020 14.160 7556.6 CLOSE CHANGE CLOSE CHANGE EKOVEST-MC01 0.065 85.71 UMWOG-C17 0.005 -50.00
BRITISH AMERICAN TOBACCO -0.27 -0.580 43.000 303.1
DOW JONES 21,629.72 -8.02 INDONESIA 5,822.35 -18.93 INARI-MC01 0.235 56.67 MTOUCHE-WA 0.030 -40.00
HONG LEONG BANK -0.36 -0.100 15.800 1284.7
S&P 500 2,459.14 -0.13 JAPAN 19,999.91 -118.95 MAXIS-CW 0.015 50.00 MRCB-C12 0.015 -40.00
YTL CORPORATION -0.36 -0.020 1.440 10821.5
NASDAQ 100 5,839.74 1.65 KOREA 2,426.04 0.94 EKOVEST-CC 0.075 50.00 SUPERMX-C22 0.040 -38.46
MISC -0.44 -0.060 7.340 1481.9
FTSE 100 7,404.13 25.74 PHILIPPINES 7,952.92 18.42 EKOVEST-CB 0.130 44.44 HSI-H99 0.010 -33.33
GENTING -0.57 -0.090 9.450 1355.6
AUSTRALIA 5,687.39 -68.08 SINGAPORE 3,306.08 7.84 EKOVEST-CA 0.050 42.86 E&O-C10 0.025 -28.57
SUB-TOTAL -0.02
CHINA 3,187.57 11.10 TAIWAN 10,481.26 23.72 GDEX-CG 0.085 41.67 SANICHI-WC 0.015 -25.00
OTHERS -0.25
HONG KONG 26,524.94 54.36 THAILAND 1,571.52 -2.57 GDEX-CD 0.215 38.71 UEMS-C42 0.015 -25.00
GRAND TOTAL -0.27
INDIA 31,710.99 -363.79 VIETNAM 767.49 -1.42 AEON-CH 0.020 33.33 IHH-C3 0.045 -25.00
* How stock price changes affected the index on the previous trading day

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