FBM KLCI 1679.17 9.39 KLCI FUTURES 1683.50 9.50 STI 3102.80 43.57 RM/USD 4.1130 CPO RM2159.

4.1130 CPO RM2159.00 13.00 OIL US$58.27 1.21 GOLD US$1292.50 6.70
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

TUESDAY JANUARY 8, 2019 ISSUE 2805/2019

FINANCIAL No release for

Roger Ng after

DAILY
70 days in
MAKE detention
BETTER 7 HOME BUSINESS
DECISIONS
www.theedgemarkets.com

2 PHOTO BY LOW YEN YEING/EDGEPROP.MY

Sapura Energy
bags RM760m
worth of contracts
6 HOME BUSINESS

Loan growth
seen to moderate
BUSINESS
as global
economy slows CONFIDENCE
IN 1H19 HITS
6 HOME BUSINESS

JAKS fails again to

RECORD LOW
get leave to appeal
release of RM50m
guarantee to Star
10 HOME BUSINESS

MIDF: Foreign — RAM survey

outflow continues Weak economic prospects
in sombre start are weighing on sentiments.
to 2019
12 HOME
Supriya Surendran has the
story on Page 4.
70 to testify
in Najib’s trial
19 WORLD

‘Top Xi aide shows

up at trade talks’
2 0 F E AT U R E

Chinese tech
Dr M and I have worked out transfer
investors fleeing of power, Anwar reiterates PA G E 2
Silicon Valley
 FBM KLCI 1679.17 9.39 KLCI FUTURES 1683.50 9.50 STI 3102.80 43.57 RM/USD 4.1130 CPO RM2159.00 13.00 OIL US$58.27 1.21 GOLD US$1292.50 6.70
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

TUESDAY JANUARY 8, 2019 ISSUE 2805/2019

FINANCIAL No release for

Roger Ng after

DAILY
70 days in
MAKE detention
BETTER 7 HOME BUSINESS
DECISIONS
www.theedgemarkets.com

2 PHOTO BY LOW YEN YEING/EDGEPROP.MY

Sapura Energy
bags RM760m
worth of contracts
6 HOME BUSINESS

Loan growth
seen to moderate
BUSINESS
as global
economy slows CONFIDENCE
IN 1H19 HITS
6 HOME BUSINESS

JAKS fails again to

RECORD LOW
get leave to appeal
release of RM50m
guarantee to Star
10 H O M E B U S I N E S S

MIDF: Foreign — RAM survey

outflow continues Weak economic prospects
in sombre start are weighing on sentiments.
to 2019
12 H O M E
Supriya Surendran has the
story on Page 4.
70 to testify
in Najib’s trial
19 W O R L D

‘Top Xi aide shows

up at trade talks’
20 F E AT U R E

Chinese tech
Dr M and I have worked out transfer
investors fleeing of power, Anwar reiterates PA G E 2
Silicon Valley
2 T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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Dr M and I have
worked out transfer of
power, Anwar reiterates
He also says this matter is resolved within Pakatan as well
KUALA LUMPUR: PKR president
Datuk Seri Anwar Ibrahim (pic)
has reiterated there is no issue be-
tween himself and Prime Minister
Tun Dr Mahathir Mohamad on the
transition of power for the country’s
No 1 post.
In a statement, Anwar said he
recognised the abundant specula-
tion about him taking over from Dr
Mahathir, fed in part by inaccurate
reports in the mainstream and so-
cial media, creating the perception
of conflict among the leadership.
“I would like to set the record
straight and reiterate there is no
issue whatsoever between Tun [Dr
Mahathir] and I about the transi-
tion. We have agreed on the process
and succession plan and this mat-
ter is also resolved within Pakatan
Harapan,” he said.
Anwar added that after his meet-
ing with Dr Mahathir last Wednes-
RM20m grant for third
national car prototype
KUALA LUMPUR: The entrepre-
neur development ministry has
approved up to RM20 million in
funds to attract private investors
to develop the third national car
prototype.
Minister Datuk Seri Mohd Red-
zuan Yusof said the fund is sourced
from several existing grants to spur
the development of the national
car project.
“The idea is that we become
Sapura Energy bags RM760m worth of contracts
BY ADAM AZIZ
KUALA LUMPUR: Sapura Energy
Bhd has been awarded four new
contracts and one extension with a
combined value of RM760 million.
The jobs involve three drilling
contracts and two contracts for
the engineering and construc-
tion (E&C) segment, the group
announced yesterday. However,
Sapura Energy did not provide a
breakdown of the value of each
contract.
In Angola, Sapura Energy Angola
LDA was awarded a two-year con-
tract by a unit of Chevron Corp for
the provision of a semi-submersible
tender assisted drilling rig. The con-
tract is expected to commence in
the second quarter of 2020 (2Q20)
with two possible extensions of six
months each.
PHOTO BY BLOOMBERG
day, he restated his consistent po-
sition that Dr Mahathir be given
the space and support to lead the
government.
“The Pakatan leadership must
stay focused on the pressing issues
of removing economic hardships
of the people, institutional reforms
and bringing to justice those who
the catalyst for the new national
car project.
“I’m not developing the third
national car project; I am helping
to create an environment for the
new national car project,” he told
reporters after officiating at the
“Sustainable Programme: Bumi-
putera Entrepreneurship Empow-
erment Initiative”.
He said the ministry had also
shortlisted several vendors to de-
In Malaysia, Sapura Drilling Asia
Sdn Bhd (SDASB) extended its con-
tract with Sarawak Shell Bhd/Sa-
bah Shell Petroleum Co Ltd for the
provision of its semi-submersible
tender assisted drilling rig Sapura
Esperanza, namely to drill three
wells off Sarawak.
SDASB was also awarded a con-
tract extension by Petronas for
semi-submersible tender assist-
ed drilling rig Sapura Berani to
drill two wells in Sabah.
All works by SDASB are expect-
ed to be completed by 1Q20, said
the group.
For the E&C segment, Sapura
Fabrication Sdn Bhd (SFSB) was
awarded an engineering, procure-
ment, construction and commis-
sioning (EPCC) contract by Petro-
nas Floating LNG 1 (L) Ltd. The job
is to relocate and tie-in Petronas’
For breaking news updates go to
www.theedgemarkets.com
robbed from the public’s purse.
“I support Prime Minister Ma-
hathir’s assertion that the Pakatan
government is strong. We are work-
ing diligently to fulfil our promises
to the Malaysian people as a gov-
ernment representing all people
and rejecting all forms of race-bait-
ing and incitement to hatred and
violence,” said Anwar.
He also said despite much had
been accomplished, the challenges
ahead are formidable and would
require teamwork and unity with-
in Pakatan.
“We recognise there are forces
which would like to see us fail. I
urge the leadership to be on guard
against these forces that would pre-
fer to see a resurgence of rentier cul-
ture and their attempts at hoarding
the nation’s wealth at the expense
of social justice and the people’s
welfare.” — Bernama
velop the national car prototype.
On another development, Mohd
Redzuan envisioned expanding his
ministry’s scope to include trade
and investment. He said Prime
Minister Tun Dr Mahathir Mo-
hamad responded positively to
the proposal.
“Personally, entrepreneur de-
velopment is incomplete without
investment and trade,” he said. —
Bernama
floating liquefied natural gas vessel
PFLNG1 from its current location at
Kumang Cluster, off Sarawak, said
Sapura Energy, with works expect-
ed to completed by 3Q20.
SFSB was also required by Hess
Exploration and Production Malay-
sia BV to perform aditional scope
for offshore transportation and in-
stallation under an existing contract
announced on Feb 5, 2018.
The additional scope — which is
for the provision of EPCC plus in-
stallation (EPCC+I) for FFD Phase
2 Facilities, North Malay Basin —
is expected to be completed by
the 2Q20.
Shares of Sapura Energy lost half
a sen to close at 28.5 sen, which is
below its five-for-three rights issue
price of 30 sen per share. The last
date for the acceptance of the cash
call is Jan 16.
Najib slams MRB
chairman over
warning to EPF
on land issue
BY S UL H I A Z MA N
KUALA LUMPUR: Former premier
Datuk Seri Najib Razak has chided
Malaysian Rubber Board (MRB)
chairman Sankara N Nair for tak-
ing the Employees Provident Fund
(EPF) to task after the fund claimed
innocence over a land sale which
allegedly caused losses of nearly
RM800 million to the MRB. “To-
day (yesterday), it is the EPF’s turn
to receive a warning from the MRB
chairman, appointed by a DAP min-
ister (Teresa Kok),” Najib said in a
Facebook post yesterday.
Last Friday, Primary Industries
Minister Kok said the MRB sold
2,800 acres (1,133ha) of land in
Sungai Buloh to Aset Tanah Na-
sional Bhd (ATNB), a special pur-
pose vehicle of the finance ministry,
for RM1.5 billion in 2010, and that
ATNB subsequently sold 2,330 acres
of the land to EPF-owned Kwasa
Land Sdn Bhd for RM2.28 billion.
The EPF denied knowledge of
the arrangements between the MRB
and ATNB when purchasing the
parcel from ATNB.
However, Nair claimed he has
“concrete evidence” including pic-
tures and documents showing the
EPF knew about the land sale in
2010 for RM1.5 billion, below the
market price.
“With this evidence, the EPF’s
assertion of being ignorant [about
the sale] debunks their explanation,”
he told the Free Malaysia Today
portal yesterday.
Najib, in his Facebook post, said
the EPF had raked in a big profit after
buying the land at RM2.28 billion,
as it will generate properties worth
at least RM50 billion in gross devel-
opment value. Najib also said he
had previously pointed out ATNB is
fully owned by the finance ministry.
“There is not even one crony visi-
ble in the land transaction process
except the EPF cronies, comprising
EPF contributors,” he said.
International
reserves at
US$101.4b — BNM
KUALA LUMPUR: Bank Negara Ma-
laysia’s (BNM) international reserves
ended the year 2018 at US$101.4
billion on Dec 31, the same as when
the tally was previously recorded
on Dec 14.
“The reserves’ position is suffi-
cient to finance 7.4 months of re-
tained imports and is 1.0 times the
short-term external debt,” BNM said
in a statement yesterday.
Foreign currency, the biggest re-
serves portion, was at US$95.7 bil-
lion as at Dec 31. The International
Monetary Fund reserves position
was at US$900 million.
Special drawing rights were
at US$1.1 billion, gold at US$1.6
billion and other reserve assets at
US$2.1 billion. The bank’s total as-
sets came in at RM447.59 billion,
while currency in circulation was
at RM106.405 billion.
4 HOME BUSINESS
Business confidence in 1H19
hits record low — RAM survey
Weak economic prospects are weighing on sentiments
BY SU P RI YA SU REND RA N
KUALA LUMPUR: Business con-
fidence, as measured by the RAM
Business Confidence Index (RAM
BCI) based on survey data collected
from 3,500 firms in Malaysia on their
sentiment in the first six months of
2019, has fallen to the lowest level
since the index began tracking in
2017.
One of the key factors driving
firms’ sentiment this year is the weak
economic prospects over the next
six months, said RAM Holdings Bhd
in a statement yesterday.
“The number of firms citing weak
economic conditions as their main
challenge within this period spiked
up to 41% and 41.2% of the overall
firms surveyed in their respective
segments; this is also the most fre-
quently cited challenge for both
segments.
“Decelerating domestic growth,
uncertain global demand and in-
vestment activities as well as a lack
of positive catalysts, including the
relatively neutral Budget 2019, all
play a part in the generally weaker
business sentiment over the next
six months,” said RAM.
The RAM BCI comprises the cor-
porate and small and medium en-
terprises (SME) indices. For the first
quarter to second quarter (1Q-2Q
2019), corporate and SME indices
fell to 55.1 and 51 respectively, the
lowest points recorded.
“While an index value of above
50 still denotes positive sentiment,
the current downtrend suggests that
Markets awaiting cue from Sino-US trade talks
BY SU P RI YA SU REN D RAN
KUALA LUMPUR: Any news on
the outcome of the Sino-US trade
talks in Beijing, which is expected
to conclude today, will dictate the
world markets, at least in the fol-
lowing few days.
The two-day trade talks be-
gan yesterday slightly more than
a month after the two countries’
leaders agreed on the 90-day truce
on Dec 1.
While all eyes are on its out-
come, some bargain hunting has
emerged — picking up stocks that
have been bogged down sharply
amid the spillover improved sen-
timent from the US.
However, it is too soon to con-
clude blue skies ahead, said Areca
Capital chief executive officer Dan-
ny Wong Teck Meng as he expects
volatility to persist. “We think the
market will remain volatile until
there is a clearer picture of the trade
More guidance on
future economic
policies that will shape
the overall business
environment will be
crucial to building
business confidence
among firms.
businesses have a less upbeat out-
look on 2019,” RAM said.
The 3,500 SMEs and corporates
polled for the RAM BCI are from
five main industry segments in the
country. The survey was jointly con-
ducted by RAM and RAM Credit
Information Sdn Bhd.
Business expansion, capital
investment and hiring plans at
lowest levels
Amid the weaker prospects, firms
are holding back on capacity build-
ing, RAM said.
“The sub-indices that track cor-
porate business expansion, capital
investment and hiring have fallen to
their lowest levels since the incep-
tion of the RAM BCI, after having de-
clined in three consecutive surveys.
“Likewise, the capacity-building
sub-indices for SMEs also pulled
back from the last survey and re-
main below those of corporates,”
the firm said.
RAM noted that firms’ expressed
reticence on capacity building re-
war, which is a major issue,” he said.
Most Asian markets closed higher,
including Bursa Malaysia yesterday
with the Tokyo bourse leading the
pack. The Nikkei 225 was up 2.44%
to 20,038.97 points; the Shanghai
Composite Index closed up 0.72%
to 2,533.09 points; Hong Kong’s Hang
Seng Index was up 0.82% to 25,835.7
and South Korea’s Kospi was up 1.34%
to 2,037.1 points. Closer to home, the
Singapore Straits Times Index was up
1.4% to 3,102.8 points and the Jakar-
ta Composite Index was up 0.2% to
6,287.22 points.
Over at Bursa, the benchmark FBM
KLCI gained 9.39 points or 0.56% to
1,679.17 points yesterday, its best per-
formance so far this year on strong-
er buying power, supported by blue
chips such as AMMB Holdings Bhd
(up 5.5% to RM4.58), Sime Darby
Plantation Bhd (up 4.1% to RM5)
and Tenaga Nasional Bhd (up 3.6% to
RM13.94). Across the board, gainers
outweighed losers, with 541 counters
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
was the least bullish among both
RAM BCI overall index values corporates and SMEs. The SME con-
Overall Confidence Index Corporate Index SME Index struction sector sub-index was the
(Neutral = 50) only one with a negative sentiment
58 reading (at 49.7), while its corporate
57 counterpart declined for the third
56
55
consecutive time to 53, RAM said.
“Without any new growth cata-
54
53 lyst amid the overhang in the prop-
52 erty segment, plus the shelving of
51
50 new big-ticket infrastructure pro-
1Q-2Q 2Q-3Q 3Q-4Q 4Q17- 1Q-2Q 2Q-3Q 3Q-4Q 4Q18- 1Q-2Q jects, it is not surprising that the
2017 2017 2017 1Q18 2018 2018 2018 1Q19 2019 construction sub-indices have hit
Source: RAM BCI record lows.
“Another sector that displayed
pessimism in the 1Q-2Q 2019 sur-
vey is SME retail. This sector’s per-
Notably greater concern over weak economic conditions formance outlook slipped back into
% of responses *Respondents citing % of respondents *Top 3 challenges negative territory after a brief expan-
45 “weak economic conditions” 45 sionary momentum that had been
as main challenge 40
35
aided by the tax-free window from
40
30 June to August 2018.
35
25 “Faced with uncertain global
20
15 and domestic economic prospects,
30 10 consumers are once again more
5 prudent with their spending, lead-
25 0
ing to weaker sentiment on retail
3Q-4Q
2017
4Q17-
1Q18
1Q-2Q
2018
2Q-3Q
2018
3Q-4Q
2018
4Q18-
1Q19
1Q-2Q
2019
Corporate SME
Weak economic conditions consumption in 2019,” said RAM.
Corporate SME Rising cost of doing business Released quarterly, the RAM
Source: RAM BCI Increased competition
BCI is designed to measure for-
ward-looking expectations to give
a barometer of future economic
mains the most prominent down- future economic policies that will activity. RAM said this is done by
side risk, as it could weigh on the shape the overall business envi- asessing positive and negative sen-
momentum of economic growth in ronment will be crucial to building timents on seven key aspects that
2019 and potential economic output business confidence among firms, are pertinent to its survey respond-
over the longer run. potentially being the game changer ents’ business operations over the
“This is particularly true in re- for a more resilient growth trajectory next six months, namely: turnover,
spect of SMEs, which are more vul- this year,” said RAM. profitability, business expansion,
nerable and sensitive to immediate hiring, capital investment, capac-
economic challenges. Construction the least bullish ity utilisation and access to bank
“That said, more guidance on Sector-wise, construction, notably, financing.
a turn for their better yesterday were
Bursa Malaysia Technology Index FBM KLCI KESM Industries Bhd (up 10.7% to
RM8.25), Pentamaster Corp Bhd
50 1,900
(up 13.8% to RM2.64), Malaysian
Pacific Industries Bhd (up 1.97% to
RM9.84), Inari Amertron Bhd (up
40 1,800 8.1% to RM1.33) and ViTrox Corp
Bhd (up 2.1% to RM5.88). Investors
are also hoping for some light to be
shed on the US-China trade war,”
30
28.17
1,700 said Wong.
According to Reuters, China’s
1,679.17 foreign ministry said it has “good
20 faith” to work with the US to resolve
1,600
Jan 8, 2018 Jan 7, 2019 trade frictions, as officials from
Jan 8, 2018 Jan 7, 2019
the two largest economies meet in
Beijing this week to resume trade
talks — the first since the 90-day
closing up, 264 down and 429 remain- down [last week], more than they trade war truce that commenced
ing unchanged. should have, on weaker sentiment on Dec 1.
Areca Capital’s Wong attributed due to the cut in Apple Inc’s sales Higher oil prices, with Brent
the better performance of the local forecast. Some of these counters crude oil prices up to US$58
stock market to a stronger showing saw a rebound yesterday on bargain (RM238.65) per barrel from US$54
from US equities following the jobs hunting activities,” he told The Edge on Jan 2. The ringgit also saw a slight
report released last Friday. “On Bur- Financial Daily. improvement, at 4.11 to the US dol-
sa Malaysia, tech stocks were bashed Among the tech counters that took lar, compared with 4.13 last Friday.
6 HOME BUSINESS
Loan growth seen to moderate
as global economy slows
This is due to high-base effect and a lack of major catalysts
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: As the global
economy manifests signs of a slow-
down, analysts project that local
banks’ loan growth would also mod-
erate in 2019 despite having shown
positive momentum last year.
The latest banking data of up to
November 2018 showed that to-
tal loans in the system grew 6.2%
year-on-year (y-o-y) supported by a
stronger momentum in non-house-
hold loans, while the growth in
household loans moderated slightly.
Overall, the growth beat expecta-
tions, and was the eighth consecutive
month of loan growth acceleration.
Mortgage, motor vehicle and work-
ing capital loans were the top three
loan segment contributors, which
collectively expanded 6% y-o-y to
RM1.1 trillion, as at November 2018.
Accelerating this growth, how-
ever, was mainly because of work-
ing capital loans, said MIDF Re-
search, with such loans growing 6.2%
y-o-y to RM390.1 billion, higher than
the recorded 5.5% y-o-y growth to
RM388.7 billion in October.
“We believe that this follows from
some clarity in the government’s pol-
icy direction following the tabling of
mid-term review of the 11th Malaysia
Plan and Budget 2019.
EDITOR’S PICKS FROM
theedgemarkets.com
Lion Industries sells non-core
asset to fund flat steel venture
BY TAN XU E Y I N G
KUALA LUMPUR: Lion Industries
Corp Bhd is divesting its entire
50% stake in Singapore-based
Angkasa Amsteel Pte Ltd (AAPL)
to a South Korean steel manufac-
turer for S$26.65 million, equiva-
lent to RM80.90 million, to raise
funds for its flat steel business
venture.
In a filing with Bursa Malaysia
yesterday, Lion Industries said it
had signed a conditional agree-
ment with Daehan Steel Co Ltd
for the proposed disposal, which
is expected to be completed by
the first quarter of this year if its
shareholders approve the deal.
AAPL is involved in the business
of steel trading and fabrication, and
the trading of other building ma-
terials. Lion Industries purchased
the 50% stake in AAPL in 2011 and
2012 for RM38.05 million in total.
The remaining 50% is held by LTC
Corp Ltd.
The group said the proposed
disposal, which allows it to dis-
pose of its non-core assets, is
not expected to result in any
2019
OUTLOOK
“Meanwhile, total business loans
in the month grew 5.3% y-o-y to
RM758.9 billion versus 4.7% y-o-y
to RM756.2 billion posted as at
October CY18 (calendar year 2018) ,”
MIDF Research senior analyst Imran
Yassin Yusof told The Edge Financial
Daily recently.
Demand, however, decelerated
as loans applied for in November
fell 24.3% y-o-y, with working cap-
ital loan applications down 35.1%
y-o-y to RM13.1 billion, while res-
idential mortgage applications re-
treated 10.8% y-o-y to RM19 billion.
On the other hand, deposits rose
6.5% y-o-y, mainly driven by prod-
ucts such as fixed, foreign currency
and money market deposits, though
current account savings account
grew 3.2%.
During the month (November),
loan-to-deposit ratio (LDR) fell to
87.6% as deposit growth outpaced
loan growth.
gain or loss for the group.
The proceeds from the dispos-
al will be used for its expansion
into the flat steel business, which
will require about RM636 million.
The investment involves fund-
ing for the proposed acquisition
of flat steel assets with a produc-
tion capacity of up to 3.2 million
tonnes per annum of hot rolled
coils and up to 700,000 tonnes
per annum of cold rolled coils.
Prior to the disposal, AAPL
will transfer its stakes in its Ma-
laysian units to Lion Industries
and LTC, proportionate to their
shareholdings, by way of a dis-
tribution of dividends in specie.
These units will be liquidated
after AAPL’s sale, from which Lion
Industries expects to get another
S$10.16 million (about RM30.84
million). Total proceeds from
the proposed disposal and the
restructuring exercise would be
S$36.81 million (about RM111.74
million), the group added.
Lion Industries shares finished
3.5 sen or 6.7% up at 56 sen yes-
terday, giving it a market capi-
talisation of RM381.26 million.
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
The research house projects a
Industry loan growth loan growth of between 4% and 5%
Total loans growth (y-o-y) in 2019.
15.5
Imran, who expects 2018’s to-
13.5 tal loan growth number to exceed
11.5 MIDF’s estimate of 5.5% given the
9.5
strong loan growth momentum seen
up to November last year, is also ex-
7.5
pecting loan growth to moderate in
5.5 2019 to 4.7% due to a high base effect.
3.5 “Overall, we are cautiously op-
timistic about the banking sector
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Oct-18
continuing its solid performance in
Source: BNM, AmInvestment Bank Bhd 2019. We believe the banking sector
will be able to maintain its earn-
ings potential given continued loan
“Considering LDR is hovering close growth, say analysts, who believe that growth and stable asset quality,” said
to its 10-year high, we think deposits although the numbers have been Imran, which he added means there
competition could continue into 2019. on an uptrend and would likely end will be accretion in value for banks’
That said, the rivalry should not be too well in 2018, the year ahead may not book value, he said.
intense to avoid excessive negative enjoy the same growth momentum. Hence, MIDF is keeping its “pos-
carry from idle deposits,” Hong Le- “This [November growth] sur- itive” view on the banking sector
ong Investment Bank analyst Chan passed our 2018 expectation of 4.5% despite current volatile market
Jit Hoong wrote in a note recently. to 5% and with only one month left, conditions, with top picks for the
And the industry’s gross impaired we believe it will settle at 5% to 5.5% sector being Malayan Banking Bhd
loans (GILs) have remained stable [for the full year]. That said, we still (buy, target price [TP]: RM11.40),
at 1.49%, marking the lowest level see 2019’s loan growth tapering to CIMB Group Holdings Bhd (buy,
on record. 4.5% to 5% given the lack of strong TP: RM7.70) and Public Bank Bhd
“GILs for all segments remained positive leads in both the household (buy, TP: RM27.30).
stable with no significant upticks to and business segments,” said Chan. AmInvestment is also staying
indicate any signs of stress on asset Ong added that loan growth, in par- “overweight” on the sector, with top
quality,” said AmInvestment Bank ticular for the manufacturing sector, is picks being RHB Bank Bhd (fair value
analyst Kelvin Ong. also likely to moderate ahead due to [FV]: RM6.20 per share), Public Bank
But looking ahead, there seems the slowdown in global trade activity (FV: RM26 per share) and Maybank
to be no strong catalyst to drive loan as a result of the US-China trade spat. (FV: RM10.70 per share).
JAKS fails again in bid to get leave to appeal against
release of RM50m guarantee to Star Media
BY ADAM AZ I Z board of directors was pleased to op a 15-storey tower in Petaling
announce that the federal court Jaya. JAKS and Star Media got into
KUALA LUMPUR: JAKS Resources had unanimously dismissed JAK’s a dispute due to delays in the con-
Bhd has failed again in its bid to get the leave application with costs award- struction of the tower block. JAKS,
court’s permission to appeal against ed to the company. which argued that the delays were
the release of a RM50 million bank The guarantee is in relation to partly due to changes in Star Media’s
guarantee to Star Media Group Bhd. an agreement between Star Media requirement to the tower’s design,
In a filing with Bursa Malay- and JAKS’ unit, JAKS Island Circle retaliated with a suit to restrain the
sia yesterday, Star Media said, the Sdn Bhd, for the latter to devel- guarantee’s release.
Gagasan Nadi wins RM110m apartment contract
BY C HE S TE R TAY In a filing with Bursa Malaysia The project, located in Presint
yesterday, Gagasan Nadi said its 11, comprises the construc-
KUALA LUMPUR: Gagasan Nadi wholly-owned unit Nadi Cergas tion of 463 apartment units, a
Cergas Bhd, which is slated to be Sdn Bhd had received and ac- three-storey multilevel car park
listed on the ACE Market today, has cepted a letter of award from and common facilities block, and
secured a RM109.99 million con- Putrajaya Homes Sdn Bhd to upgrading works on part of the
tract to build two blocks of apart- build the public residential de- desginated green area and buff-
ments in Putrajaya. velopment. er zone.
AirAsia ceases RM3 klia2 fee collection
BY S U P RI YA S U RE NDRAN “Following our announce- be going directly to Malaysia
ment last week, we have re- Airports Holdings Bhd for all
KUALA LUMPUR: AirAsia Group moved the klia2 fee. We have the extra costs they’re costing
Bhd has stopped charging the RM3 said from the very beginning us,” said AirAsia Malaysia chief
fee for all flights departing from that klia2 is not fit for low-cost executive officer Riad Asmat in
klia2, effective yesterday. carrier operations, and we will a statement yesterday.
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
No release for
Roger Ng after 70
days in detention
He is set to appeal court’s rejection of his bail application
BY A R J U N A CHA ND RA N
S H AN K AR & CHESTER TAY
KUALA LUMPUR: Former Gold-
man Sachs employee Roger Ng
Chong Hwa, unsuccessful yes-
terday in his bid to be released
on bail pending his extradition
to the US on charges related to
1Malaysia Development Bhd
(1MDB), is likely to appeal the
bail rejection.
“I think we will file a notice of
appeal at the High Court,” Ng’s
lawyer Datuk Tan Hock Chuan
told reporters after the Sessions
Court’s decision.
Ng has been detained for 70
days since Nov 1, after the US
Department of Justice (DoJ) filed
three criminal charges against
him, as well as his former Gold-
man Sachs colleague Tim Leiss-
ner and fugitive businessman
Low Taek Jho (Jho Low), for al-
legedly laundering billions of
dollars from 1MDB, and brib-
ing various Malaysian and Abu
Dhabi officials.
Sessions Court Judge MM Ed-
win Paramjothy said Ng could not
be granted bail on the grounds
that there is insufficient evidence
of his deteriorating health. “This
court is unconvinced that the re-
spondent’s health problems are
unique and cannot be dealt with
while in custody,” he said.
Edwin said the court took into
consideration the seriousness of
the charges, the amount of public
scrutiny generated by the case,
and the nature and circumstance
of the DoJ’s investigations and
charges.
“The respondent poses a seri-
ous flight risk and in no circum-
stances engender a well-founded
belief that he will not leave,” he
said. “I am of the view that the
respondent’s presence will not
be secured by the setting of bail
or the setting of any conditions
to the granting of bail.”
As such, Ng’s remand was ex-
The prosecution
team is led by
deputy public
prosecutor
Mahadhir Mohd
Khairuddin
(right)
HOME BUSINESS 7
PHOTOS BY SHAHRIN YAHYA AND PATRICK GOH
Tan (pic) is asking for more time for Ng to be with his lawyers ‘to prepare the affidavit-
in-reply’.
tended until the court makes a de-
cision concerning his extradition.
“The next case mention date
is Jan 22, for me to provide the
court with updates in case there
is any development, including his
(Ng) medical condition,” said Tan.
The court also set Feb 15 as
another case mention date for
Tan to file his affidavit-in-reply
to an affidavit filed by the Attor-
ney-General’s Chambers on Ng’s
extradition application.
During yesterday’s proceed-
ings, Tan said the defence was
“hamstrung” and the case thus
far “is not a level playing field”.
He asked for more time for Ng
to be with his lawyers. “We need
at least 30 days to prepare the affi-
davit-in-reply,” he said, and asked
for visiting hours to be increased
to two hours twice a week, from
the current one hour per week.
Deputy public prosecutor
Mahadhir Mohd Khairuddin
responded by saying his team
will write to the prison authority
concerning the request.
Tan said Ng did not fabricate
stories about his health condition,
as it can be proved via a medical
report.
He added that on Dec 30, 2018,
his team wrote to the prison au-
thority to request for Ng’s medical
report but had yet to receive it.
Last month, Ng was charged in
the Sessions Court with abetting
his former employer in issuing
bonds worth RM6.5 billion re-
lating to 1MDB.
He claimed trial to four charg-
es of abetting Goldman Sachs
in selling the guaranteed notes
and bonds belonging to 1MDB’s
subsidiaries by omitting material
information and publishing un-
true statements.
Each of the charges under sub-
section 370(c) of the Capital Mar-
kets and Services Act 2007 carries
a punishment of up to 10 years’
imprisonment and a fine of not
less than RM1 million.
8 HOME BUSINESS
DPI makes
commendable debut
on ACE Market
Stock rises up to 40% but closes with reduced gain of 8%
BY JU S T IN L I M
KUALA LUMPUR: Aerosol paint pro-
ducer DPI Holdings Bhd — the first
listing on Bursa Malaysia this year —
made a commendable debut on the
ACE Market yesterday at 34.5 sen, a
9.5 sen or 38% premium to its offer
price of 25 sen.
The stock went on to touch 35
sen for a gain of 10 sen or 40%, but
pared most of the price increase sub-
sequently to close the day at 27 sen,
up two sen or 8%.
It was the most actively traded
stock throughout the day, with a to-
tal first-day volume of 128.48 million
shares.
“With full support for our initial
public offering (IPO), we intend to
reach greater heights,” DPI executive
chairman and managing director
Peter Chai @ Choy Mui Seng said
at the company’s listing ceremony.
The IPO’s retail tranche of 126.56
million new shares was oversub-
scribed by 23 times.
Chai said DPI is targeting to dou-
ble its annual capacity to 20 million
aerosol cans by the first half of 2020 to
capture demand in the Asian region.
The company, which has already
established a customer base in Aus-
tralia, Indonesia, Japan, New Zealand
and Singapore, aims to venture into
new markets such as Vietnam and
the Philippines with the introduction
of new products.
Exports currently make up only
18% of DPI’s sales due to capacity
constraints, but the company hopes
for the percentage to go up following
its expansion programme, which
includes a new facility and higher
production capacity.
“Currently, we are in the paint and
industry coating sector, and we will
Isa Samad, Mohd Emir ordered
to file defence in FGV suit
KUALA LUMPUR: Former FGV Hold-
ings Bhd chairman Tan Sri Mohd
Isa Abdul Samad and former group
president and chief executive officer
Datuk Mohd Emir Mavani Abdul-
lah have been ordered to file their
defence in the suit brought by the
company to claim RM7.69 million as
compensation over the purchase of a
luxury condominium in The Troika,
Persiaran KLCC.
Counsel Lavinia Kumaraendran,
who is representing Mohd Isa, said
both defendants have to file their de-
fence statements on or before Feb 4.
At the listing ceremony of DPI in Kuala Lumpur yesterday were (from left) its senior
independent non-executive director Datuk Seri Nurmala Abd Rahim, deputy managing
director Adam Chai and Peter Chai. Photo by Sam Fong
continue to grow in this area. In the
meantime, we are looking into clean-
ing products for households which
are more high value-added,” he said.
According to DPI’s prospectus,
its existing factory is operating at an
utilisation rate of 77.84% as of the
financial year ended May 31, 2018
(FY18). Its manufacturing capacity is
9.66 million aerosol cans per annum.
Over the last three years, DPI’s
export revenue has been steadily
increasing, from RM7.63 million for
2016 to RM8.45 million for 2017 and
RM9.19 million for 2018.
DPI’s IPO entailed the issuance
of 126.5 million new shares at 25 sen
per share, raising RM31.6 million. Of
the total proceeds, RM1.3 million will
be set aside for the development of
new products.
Another RM23.5 million will be
used for capital expenditure towards
the expansion of production capac-
ity. A further RM3 million will go
towards the extension of consumer
“Jan 23 has been set for further
case management,” she told report-
ers after attending case management
in the chambers of high court dep-
uty registrar Farah Shuhada Ramli
yesterday.
FGV, as the plaintiff, through a
statement to Bursa Malaysia on Nov
30 last year, clarified that the suit filed
against the two defendants was re-
lated to the purchase of the luxury
apartment in The Troika, Persiaran
KLCC at above the market price.
The company said the suit was
also related to the abuse of a com-
reach through marketing and adver-
tising activities, and the remaining
RM3.8 million will be used to cover
the listing expenses.
Kenanga Research wrote in a note
recently that DPI had minimal to zero
borrowings since FY16, and hence
no finance costs were incurred. This
led to a healthy balance sheet with a
net cash position of RM18 million as
of the FY18 assumption, which can
be tapped to spur further growth.
“In view of [the] limited upside
potential, DPI is a ‘not rated’,” said
the research house. It forecast a reve-
nue growth of 0.2% to 23.2% for FY19
and FY20 respectively, factoring in
possible delays in the progress of
constructing the new factory.
“All in, we are forecasting DPI
Holdings to register a net profit of
RM9 million and RM10.3 million for
FY19 and FY20 respectively, on the
back of a similar gross profit margin
of about 33%,” Kenanga Research
added.
pany vehicle and petrol benefit by
Mohd Emir.
As such, FGV is demanding
RM4.54 million from both defend-
ants over the purchase of the con-
dominium and RM3.15 million
from Mohd Emir on alleged abuse
of the company vehicle and petrol
benefit.
The company is also demanding
interest at 5% per year on the com-
pensation to be given starting from
the date of filing the suit until the
date of full and final settlement of
the case. — Bernama
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Petronas-Saudi Rapid refinery begins
trials at crude oil unit — sources
BY FLO R E N C E TA N
SINGAPORE: Malaysian state
oil company Petroliam Nasional
Bhd (Petronas) started trial runs
at the crude distillation unit for a
joint-venture refinery with Saudi
Aramco in Malaysia last week,
two sources with knowledge of
the matter said yesterday.
The move marks a major
milestone for the US$2.7 billion
(RM11.1 billion) project known
as the Refinery and Petrochem-
ical Integrated Development
(Rapid) in Pengerang, Johor, at
the southern tip of Peninsular
Malaysia. The test runs put the
project on track for commercial
operation in 2019.
The company also received
its second cargo of two million
barrels of Saudi crude last week,
according to the sources and
data on Refinitiv Eikon.
Petronas could not be imme-
diately reached for comment.
Rapid consists of a 300,000
barrels per day (bpd) refinery
and secondary refining units
that will allow the companies
to produce refined oil products
that meet Euro 5 fuel specifica-
tions. The refinery is linked to
a petrochemical complex with
Slowing tech cycle to hurt S Korea,
M’sia and Taiwan most — Goldman
BY E N DA C UR R A N
HONG KONG: A cooling tech-
nology cycle will hurt economic
growth in Asia through weaker
exports and capital investment,
with South Korea taking the big-
gest hit, economists of Goldman
Sachs wrote in a note.
Chip exports from the re-
gion were up 16.6% year-on-
year (y-o-y) in 2018 to the end
of November, accounting for just
over a third of headline export
growth.
While Goldman analysts ex-
pect the technology downturn
to be benign, with modest price
declines, they also see a risk that
it could be worse than expect-
ed because of consumers de-
laying purchases once prices
start to fall.
Employers’ minimum EPF contribution
for staff aged 60 and above cut to 4%
KUALA LUMPUR: The minimum
employers’ share of the Employ-
ees Provident Fund (EPF) stat-
utory contribution rate for em-
ployees aged 60 and above has
been reduced to 4% per month.
Meanwhile, the employees’
share of contribution for this age
group is set at zero, the EPF said
in a statement yesterday.
The new minimum statutory
rates, proposed in Budget 2019,
are effective this month for the
contribution month of February,
said the EPF.
“The move to reduce the stat-
utory contribution rates follows
the government’s proposal dur-
ing the tabling of Budget 2019
The refinery is one of
four new complexes
in Asia representing a
combined processing
capacity of nearly
1.3 million bpd to
start up from late
2018 to 2019.
a capacity of 7.7 million tonnes
a year.
The first crude oil car-
go for Rapid was offloaded in
Pengerang in September.
The refinery is one of four new
complexes in Asia that represent
a combined processing capacity
of nearly 1.3 million bpd sched-
uled to start up from late 2018
to 2019.
Another of the four com-
plexes, a 400,000-bpd refinery,
owned by Hengli Petrochemi-
cal Co Ltd in Dalian in north-
east China, started trial runs in
December.
These plants will increase
Asia’s crude demand while add-
ing to fuel output of the region.
— Reuters
The most vulnerable would be
South Korea, where chip exports
account for 92% of headline ex-
port growth. Malaysia and Tai-
wan would be next hardest hit.
Goldman expects South Ko-
rea’s semiconductor exports
to weaken to a fall of 7% y-o-y
for the second half of 2019, the
weakest since the global finan-
cial crisis. Together with other
global headwinds that would
lower the country’s current ac-
count surplus by US$10 billion
(RM41.1 billion) to about US$60
billion, or 3.7% of gross domes-
tic product, its lowest in seven
years, it added.
Recent weak export data for
South Korea suggests that the
slowdown could be more rapid
than expected, Goldman said.
— Bloomberg
on Nov 2, 2018 to help increase
the take-home pay for employ-
ees who continue to work after
reaching age 60.
“The reduction in employers’
share to [a] minimum [of ] 4%
would also encourage employ-
ment opportunities for work-
ers above 60 years of age, thus
ensuring the population above
60 years old remains productive
and active in the economy,” the
EPF said.
Prior to the revision, employ-
ers were liable to contribute 6%
per month for employees aged
60 and above, while employ-
ees were required to contrib-
ute 5.5%.
10 H O M E B U S I N E S S
Foreign outflow
continues in
sombre start to 2019
Selling streak now extended to nine weeks — MIDF
BY SURIN MURUGIAH
KUALA LUMPUR: Bursa Malaysia
continued to record a net foreign
outflow last week, albeit at a slow-
er momentum of RM54.4 million
versus RM127.6 million in the prior
week, according to MIDF Amanah
Investment Bank Bhd Research.
This extended the foreign selling
streak to nine weeks, the research
firm’s Adam M Rahim said in his
weekly fund flow report yesterday.
On New Year’s eve, international
investors sold RM36.1 million net
on Bursa Malaysia following the
drop in China’s factory activity for
the first time since 2016, he said.
The stock market then kicked
off 2019 in a sombre note, with
foreign funds selling RM55.4 mil-
lion on 2019’s first trading day on
Wednesday, bringing the foreign
net selling streak to 12 days, the
longest since the 37-day selling
spree recorded from early May to
late June 2018, he said.
However, despite Apple’s slash
in revenue guidance, foreign in-
vestors disregarded the news and
took the opportunity to buy RM64.6
million net on Thursday, the larg-
est daily inflow in more than two
weeks,” he said.
But foreign funds reverted to
selling mode on Friday, he said, al-
beit at a moderate pace of RM27.5
million net.
KKB unit qualifies
as Petronas
contractor
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: KKB Engineer-
ing Bhd’s unit OceanMight Sdn
Bhd has signed a letter of award
(LoA) by Petroliam Nasional Bhd
(Petronas), which will qualify it
to bid for contract work involving
the provision of engineering, pro-
curement and construction of fixed
offshore structure works.
A formal contract shall be ex-
ecuted within three months from
acceptance of the said LoA, KKB
said in a bourse filing yesterday.
The contract is effective from
Dec 12, 2018 and will continue for
a period of six years, unless termi-
nated earlier.
The contract will have no effect
on the share capital of the company
and is expected to contribute posi-
tively towards the earnings and net
assets of the company and group
for the duration of the contract.
Weekly net flow of foreign
funds into Malaysian equities
since January 2017
(RM mil)
2,000
1,500
1,000
500
0 Worldwide, Adam said, equity
-500
-1,000
-1,500
-2,000
-2,500
-3,000
Jan 6, Jan 5
2017
Sources: Bursa Malaysia preliminary
statistics, MIDF Research
“The optimism sparked by the
China’s services gauge was out-
weighed by disappointing US man-
ufacturing data as the ISM man-
ufacturing index fell to 54.1 last
month, the lowest level since No-
vember 2016.
“For the first three trading days
of 2019, foreign funds pulled out
RM18.3 million net, or US$4.5 mil-
lion, net of equities from Bursa
Malaysia,” he said.
Nevertheless, this is substan-
tially lower than Thailand’s out-
flow of US$130.4 million (RM534.3
million) net while Indonesia and
the Philippines saw a net inflow of
US$54.9 million and US$23.1 mil-
lion, respectively, he said.
Survey shows Southeast Asia wary of
China’s Belt and Road, sceptical of US
BY JACK KIM & SIMON LEWIS
SINGAPORE: Southeast Asian
countries should be cautious in
negotiating with China on its flag-
ship Belt and Road Initiative (BRI)
to avoid being trapped in unsus-
tainable debt, 70% of respondents
said in a policy survey released
yesterday.
The region is increasingly scep-
tical of US commitment to the
region as a strategic partner and
a source of security, while Chi-
na’s reach is seen as growing both
politically and economically, the
study also showed.
“The conventional wisdom that
China holds sway in the econom-
ic realm while the US wields its
influence in the political-stra-
tegic domain will ... need to be
revisited in light of the survey
results,” it said.
The participation among the
various groups of investors saw an
increase across-the-board, he said,
with the average daily traded val-
ue of foreign investors registering
the largest weekly advance of 36%,
though it is still below the healthy
level of RM1 billion.
markets ended mixed last week
as investors began the new year
with a few yet impactful corporate
developments, especially in the
Jan 4, technology sector.
2019 Though US stocks had a sluggish
start to the New Year, they still man-
aged to eke out gains on Wednes-
day, he noted.
“Apple then stole the attention of
investors after the markets closed
as the company slashed its outlook
for the December quarter, attrib-
uting it to weak demand in China.
Overall, for the week, the Dow Jones
and S&P500 index gained over 1.5%
amid better-than-expected jobs
data,” he said.
Asian markets, meanwhile, saw
an exodus of international funds
last week.
“Based on the provisional ag-
gregate data for the seven Asian
exchanges that we track, investors
classified as “foreign” offloaded
US$1 billion net last week, wiping
off the US$258.6 million net accu-
mulated in the preceding week,”
he added.
The survey by the ISEAS-Yusof
Ishak Institute, affiliated with the
Singapore government, polled
1,008 respondents from all 10 na-
tions of the Association of South-
east Asian Nations (Asean), drawn
from government, academic and
business communities, civil soci-
ety and the media.
Nearly half of the respond-
ents said President Xi Jinping’s
hallmark BRI would bring Asean
“closer into China’s orbit”, while
a third said the project lacked
transparency and 16% predicted
it would fail.
A large majority, or 70%, said
their governments “should be cau-
tious in negotiating BRI projects
to avoid getting into unsustain-
able financial debts with China”,
a view strongest in Malaysia, the
Philippines and Thailand.
Some Western governments
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
SC urges investors of 2 illegal schemes
to file claims for restitution by Feb 6
BY S UPR IYA S UR E N D R A N
KUALA LUMPUR: The Securities
Commission Malaysia (SC) has
urged members of the public who
have invested in two illegal futures
and equity trading schemes to
file their claims for restitution by
Feb 6, 2019.
In a statement yesterday, the
SC said the first scheme is relat-
ed to 51-year-old Kahar Mohd
Tahir, while the second scheme
involves 43-year-old Mohd Faizal
Jamaludin.
The SC’s investigation showed
that the two had illegally solicited
monies from the public between
February and December 2015,
purportedly to invest in a futures
and equities trading scheme.
Both were found to have carried
out fund management activities
without a licence.
Restitution processes were ini-
tiated in October 2016 for Kahar’s
case, and in April 2018 for Mohd
Faizal’s case, following adminis-
trative sanctions imposed against
the two individuals.
As at September 2018, a total
of RM854,173.20 from the duo
had been secured to be restitut-
ed to eligible investors. To date,
the SC has successfully disbursed
Securities Commission appoints
Ong as ED in chairman’s office
BY E MIR Z A IN UL
KUALA LUMPUR: The Securi-
ties Commission Malaysia (SC)
announced yesterday Ong Liang
Heng’s appointment as executive
director (ED) in the chairman’s
office effective last Friday.
“Ong will be responsible for,
among others, special projects and
initiatives of the SC. He will also be
actively involved in the engage-
ment and coordination with stake-
have accused China of pulling
countries into a debt trap with
the initiative, an accusation Chi-
na has denied.
China was seen by 73% of the
respondents as having the greatest
economic influence in the region
and was also believed to have
more influence politically and
strategically than the US.
Six out of 10 respondents said
US influence globally had deteri-
orated from a year ago and two-
thirds believed US engagement
with Southeast Asia had declined.
About a third said they had little
or no confidence in the US as a
strategic partner and provider of
regional security.
Fewer than one in 10 saw China
as “a benign and benevolent power”,
with nearly a half saying Beijing pos-
sessed “an intent to turn Southeast
Asia into its sphere of influence”.
RM744,844.30 to 25 affected in-
vestors.
Members of the public who
have invested in these two
schemes are required to submit
their claims, together with the
necessary proof of investment,
to the SC before 5pm on Feb 6.
Upon receipt of the claims, the
SC will determine the final amount
of claims based on available funds
and returns received by claimants
(if any).
The claim form and more de-
tails on the matter are available
on the SC’s website.
Investors with any queries re-
garding the restitution process
may contact the SC’s Consumer
& Investor Office at (03) 6204 8999
or aduan@seccom.com.my.
holders to develop new proposals
or policies for the advancement of
the Malaysian capital market.
“Trained as an accountant,
Ong has over 25 years’ experience
in the field of corporate finance.
He graduated with a Bachelor of
Economics and Social Science
from the University of Manches-
ter, the UK.
“Prior to joining the SC, Ong was
a senior managing director at CIMB
Bank,” the SC said in a statement.
The study’s authors wrote:
“This result ... is a wake-up call
for China to burnish its negative
image across Southeast Asia de-
spite Beijing’s repeated assurance
of its benign and peaceful rise.”
There was a call for Asean to
play a more active role in Myan-
mar’s Rohingya crisis, although
a majority of the respondents
sought mediation rather than
diplomatic pressure.
The United Nations (UN) said
730,000 Rohingya Muslims had
fled from Myanmar’s Rakhine
State to Bangladesh since the
military’s crackdown on insur-
gent attacks.
UN-mandated investigators
have accused Myanmar’s military
of carrying out killings, gang rape
and arson with “genocidal intent”,
an allegation the military has de-
nied. — Reuters
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
ORION IXL BHD (+ve)
TRADING of the shares in Orion IXL Bhd
(fundamental: 1.55/3, valuation: 0.9/3) trig-
gered our momentum algorithm yesterday
for the first time this year.
The counter closed up one sen or 9.52% at
11.5 sen yesterday, with 31.95 million shares
done, about four times its 200-day average
of 7.91 million shares.
In December last year, The Edge Malaysia
weekly reported that Orion IXL Bhd targets
to have its financial technology (fintech)
solution business provide at least 40% of
ORION IXL BHD
ASDION BHD (-ve)
TRADING of the shares in Asdion Bhd (funda-
mental: 0.8/3, valuation: 0/3), which triggered
our momentum algorithm yesterday for the
first time since June 2018, pushed the counter
one sen or 5.13% higher to 20.5 sen yesterday.
It saw six million shares traded, higher
than its 200-day average volume of 4.49 mil-
lion shares.
For the second quarter ended Sept 30, 2018,
Asdion reported a wider net loss of RM612,000
versus RM598,000 a year ago, due to higher
other expenses and finance cost.
ASDION BHD
ORIENTAL HOLDINGS BHD (-ve)
TRADING of the shares in Oriental Holdings
Bhd (fundamental: 2.2/3, valuation: 2.6/3)
triggered our momentum algorithm yester-
day for the first time since November 2016.
The counter closed up four sen or 0.65%
at RM6.24, after 578,700 shares were trad-
ed, exceeding its 200-day average volume
of 132,981 shares.
On Dec 27 last year, Oriental announced
that it would be making a financial advance
of US$6 million or RM25.09 million to its In-
ORIENTAL HOLDINGS BHD
ST O C KS W I T H M O M E N T U M 11
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
P R O P E RT Y
revenue by the end of the financial year
ending June 30, 2019.
Orion IXL in October signed a 15-year
agreement to develop and operate an online
end-to-end loan application system, which
will go live this month.
Its chief executive officer Mohamad Sha-
harul Mohamad Shariff said the move is
part of the group’s strategy to expand as a
technology company.
At the current share price, Orion IXL is
trading at 0.8 times its book value.
Valuation score* 0.90
Fundamental score** 1.55
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.73
TTM Dividend yield (%) -
Market capitalisation (mil) 62.89
Shares outstanding (ex-treasury) mil 598.96
Beta 1.63 Danes may soon be able to get 30-year home loans at just 1.5%. That is considerably less than many
12-month price range 0.05-0.16 sovereign states pay to borrow for that period, including the US government. Photo by Bloomberg
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Denmark’s US$450b mortgage
market tests extreme pricing
Its quarterly revenue, however, jumped
to RM3.71 million, three times the RM1.12 BY FRANC E S S C HWARTZ KO PF F sudden shocks, such as the speculative
million it recorded a year ago, on the back attack against Denmark’s euro peg that
of higher trading of stainless steel by Renox COPENHAGEN: Danes may soon be able followed Switzerland’s capitulation into a
Group. to get 30-year home loans at just 1.5%. That free floating franc in early 2015.
For the cumulative six months ended Sept is considerably less than many sovereign Jeppe Borre, the chief analyst of To-
30, 2018, its net loss widened to RM1.23 mil- states pay to borrow for that period, includ- talkredit, which is part of Denmark’s big-
lion, from RM1.1 million a year ago, despite ing the US government. gest mortgage-bond issuer Nykredit, said
a surge in revenue to RM7.27 million from It is not the first time Denmark’s mort- the price for the 30-year bonds is now “at
RM2.54 million. gage-backed covered-bond market — the its highest ever since the introduction of
At the current share price, Asdion is trad- world’s biggest — has tested such extreme the loan in the beginning of 2015”.
ing at 2.78 times its book value. levels. It tends to occur when investors Borre also warned that things can change
from Germany to Japan worry about how very suddenly.
Valuation score* 0.00 to get reliable returns during unnervingly “It’s impossible to say whether the trend
Fundamental score** 0.80 unpredictable times. holds above 100 in the short run,” he said,
TTM P/E (x) - Danish mortgage bonds, which are referring to the bonds now trading at par.
TTM PEG (x) - mostly AAA-rated, have been drawing in “The market turmoil we’ve witnessed late-
P/NAV (x) 2.64 more creditors from outside the country, ly shows how fast things can go where risk
with foreign ownership now at about a third aversion and flight to safety have been in-
TTM Dividend yield (%) -
of the 30-year segment. Foreign investors fluencing markets.”
Market capitalisation (mil) 22.67 held more than a fifth of the total market, And unlike in 2015, when the Danish
Shares outstanding (ex-treasury) mil 116.27 or roughly US$100 billion (RM411 billion), central bank was feverishly cutting rates
Beta 1.10 as of November. and building foreign currency reserves to
12-month price range 0.14-0.53 The price of bonds currently backing keep investors out, monetary policy is now
*Valuation score - Composite measure of historical return & valuation 2% 30-year mortgages climbed above par on a tightening trajectory. The central bank
**Fundamental score - Composite measure of balance sheet strength last week. If prices stay there, banks will bought kroner in December, marking the
& profitability soon need to start offering 1.5% loans in- first time in three years that it has intervened
Note: A score of 3.0 is the best to have and 0.0 is the worst to have stead. In the past, such low rates have only to support the currency. The move is seen
been available during extreme points in as a first step towards hikes away from the
the economic cycle or in connection with extremes of negative rates. — Bloomberg
donesian palm oil plantation subsidiary PT
Sumatra Sawi Lestari.
Sumatra Sawi Lestari is 90% owned by
Dubai residential property prices could
Oriental Holdings’ wholly-owned OBS Sin-
gapore Pte Ltd, and 10% owned by PT Tradisi fall by up to 10% in 2019 — Savills
Bina Usaha.
The transaction is to address Sumatra Sawi BY ALE XANDE R CO RNWE LL could be repeated in 2019, he added.
Lestari’s inability to secure favourable credit The United Arab Emirates (UAE), which
rating requirements to obtain offshore bor- DUBAI: Residential real estate prices in Dubai is part of, is experiencing its latest
rowings, owing to it being in the early stages Dubai could fall by 5% to 10% in 2019, real estate slump along with other parts
of developing its oil palm plantation. weakened by new supply, a strong US of the Middle East, largely due to over-
dollar and lower oil prices, the Middle supply, although a strong US dollar and
Valuation score* 2.60 East chief executive officer of Savills said lower oil prices are also a factor.
Fundamental score** 2.20 yesterday. The UAE dirham is pegged to the US
TTM P/E (x) 7.64 Dubai’s oversupplied property mar- dollar, making the country more expensive
TTM PEG (x) 0.53 ket has steadily fallen since a mid-2014 for those holding other currencies, while
P/NAV (x) 0.59 peak, hurting earnings of the emirate’s oil is a major driver of regional wealth.
top developers and forcing construction Morgan said he was “bullish” that Du-
TTM Dividend yield (%) 6.45
and engineering firms to cut jobs and bai was heading towards the bottom of its
Market capitalisation (mil) 3,846.44 halt expansion plans. property market downturn, but cautioned
Shares outstanding (ex-treasury) mil 620.39 While the latest fall in house prices he had thought the market touched bot-
Beta 0.26 has not come close to the more than 50% tom a year earlier.
12-month price range 5.74-6.26 plunge seen in 2009-2010, which pushed S&P Global Ratings analysts said last
*Valuation score - Composite measure of historical return & valuation Dubai itself close to a debt default, resi- year the market could decline by 10% to
**Fundamental score - Composite measure of balance sheet strength dential prices fell by 6% to 10% in 2018, 15% in 2018 and 2019 before stabilising
& profitability Savills’ Steve Morgan said. And this drop in 2020 at the earliest. — Reuters
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
12 H O M E
70 to testify in Najib’s trial
RM6.6 billion CBT case involving the former prime minister set for July hearing
KUALA LUMPUR: The prosecution
in the case of former prime minis-
ter Datuk Seri Najib Razak and for-
mer Treasury secretary-general Tan
Sri Mohd Irwan Serigar Abdullah,
jointly facing six counts of crimi-
nal breach of trust (CBT) involving
RM6.6 billion, will call 70 witnesses
in the trial, scheduled for July.
Deputy public prosecutor Datuk
Jamil Aripin told High Court Judge
Mohd Nazlan Mohd Ghazali that
the prosecution had listed about
138 witnesses, but would only call
half of them.
He also informed the court that
the prosecution had served 70% of
the documents pertaining to the
Full report
on recruiting
foreign workers
in one or two
months
KUALA LUMPUR: The full
report on recruiting foreign
workers, including from Ne-
pal, will be known in one or
two months, said Deputy Hu-
man Resource Minister Datuk
Mahfuz Omar.
He said the report from the
Independent Committee on
the Management of Foreign
Workers would be studied be-
fore the ministry restructures
the policy on foreign workers.
“This issue (recruitment of
foreign workers) is still being
discussed at the ministerial
level and we will also see the
committee’s full report, to be
submitted to us in a month
or two.
“Any policy on foreign
workers will be looked at
based on the proposals made
by the independent commit-
tee and all related matters
will also be taken into con-
sideration in the report,” he
told reporters when observing
the registration of new stu-
dents at the Industrial Train-
ing Institute (ILP) of Kuala
Lumpur in Jalan Kuchai Lama
yesterday.
A total of 3,800 new stu-
dents registered at 32 ILPs
under the Manpower Depart-
ment across the country for
session one, 2019.
Last May, the Nepal gov-
ernment suspended the entry
of workers from that country
into Malaysia due to the vari-
ous fees imposed on its people
working in Malaysia.
Following this, Human Re-
source Minister M Kula Se-
garan held discussions and
signed a memorandum of
understanding with the Ne-
pal government in October.
— Bernama
case to the defence team and had
requested for one and a half months
to submit the balance as some of
them are classified under the Offi-
cial Secrets Act.
“We will serve the remaining doc-
uments in due course as we need to
declassify the documents. It would
take one and a half months,” he said.
Mohd Nazlan set 28 days from
July 8 to Aug 22 for the trial, except
on Fridays, and ordered the prose-
cution to serve all the documents to
the defence team by Feb 15.
Earlier, lawyer Tan Sri Muham-
mad Shafee Abdullah represent-
ing Najib, and Datuk Geethan Ram
Vincent who acted for Mohd Irwan,
Dr Mahathir (right) receiving 5,140 membership applications for Bersatu at the launch of the party’s Terengganu branch. Photo by Bernama
Rulers to elect new Agong on Jan 24
BY SULHI AZM AN
KUALA LUMPUR: The Conference
of Rulers will meet on Jan 24 to elect
the new king and his deputy, after
Sultan Muhammad V stepped down
as the 15th Agong.
The oath-taking ceremony for
the 16th king and his deputy will
be held on Jan 31, the Keeper of the
Ruler’s Seal Tan Sri Syed Danial Syed
Ahmad said in a media statement
yesterday.
Syed Danial said the rulers of
Terengganu, Perlis, Negeri Sembi-
lan, Johor, Perak and Kedah con-
vened a special meeting at 10.30am
yesterday to discuss the new king
and his deputy’s appointment.
The Sultan of Pahang, who was
unwell, and the Sultan of Selan-
gor who was overseas, were absent
from the meeting, according to Syed
Danial.
Syed Danial said the Malay rulers
respected Sultan Muhammad V’s
wish to resign as the Yang di-Pertuan
Agong, effective Sunday.
informed the court that pending the
discovery of the documents, they
would apply to recuse the judge as
Mohd Nazlan had also heard the
case of Najib’s CBT and abuse of
power charges involving SRC In-
ternational Sdn Bhd.
Muhammad Shafee said this is
because of the nexus of all these
charges as all the witnesses may be
from the offices of the prime minis-
ter and finance minister. He further
said there would be prejudice on the
part of the judge in hearing the case.
When questioned by Mohd Na-
zlan that the charges are different,
Muhammad Shafee replied: “Yes,
although the charges are differ-
“The rulers have also expressed
their highest appreciation to Sultan
Muhammad V for discharging the
duties and responsibilities as Agong
from Dec 13, 2016 until Jan 6, 2019.”
It was reported that Perak ruler
Sultan Nazrin Shah had been ap-
pointed the acting Agong for the
interim period.
In Kuala Terengganu, Prime Min-
ister Tun Dr Mahathir Mohamad
said the government hopes the new
Yang di-Pertuan Agong would be
elected soonest possible, Bernama
reported.
Dr Mahathir said electing the
new Yang di-Pertuan Agong must
be expedited because he had to
have an audience with the latter on
certain matters.
“The government accepts [the
Sultan of Kelantan] Sultan Muham-
mad V’s decision to step down. It is
in accordance with the constitution,”
he told reporters after opening the
Parti Pribumi Bersatu Malaysia’s
(Bersatu) Terengganu office here.
On Sultan Muhammad V’s suc-
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ent, but there were nexus of all
witnesses. No matter how well-
trained the judge is, we are still
human beings.”
Earlier, Najib and Mohd Irwan
maintained their not guilty pleas to
six counts of CBT after the charges
were read out separately to them.
As this was the first time the case
was mentioned in the High Court,
the charges had to be read out to
the accused and their pleas were
recorded again.
On Oct 25, Najib, 65, and Mohd
Irwan, 61, pleaded not guilty to six
counts of CBT when the case was
brought before the Sessions Court.
— Bernama
cessor, Dr Mahathir said he would
in no way interfere in the matter and
that the final decision lies with the
Conference of Rulers.
“We (the government) will not
interfere in this matter. The next
Yang di-Pertuan Agong will be de-
termined by the Conference of Rul-
ers. I do not know how it is done
and according to their (Malay rul-
ers) tradition, they have their own
arrangements,” he said.
In Kuching, Inspector-General of
Police Tan Sri Mohamad Fuzi Harun
warned the public not to engage in
speculation about Sultan Muham-
mad V’s resignation.
“The police have received re-
ports of several provocative state-
ments made on social media plat-
forms, and we have also opened
investigation papers (IPs) and are
taking action in accordance with
the law.
“We will submit the IPs as soon
as possible to the Attorney-Gener-
al’s Chambers for further action,”
he told a media conference.
Ku Nan’s graft
case to be tried
in High Court
KUALA LUMPUR: The case of
former Federal Territories min-
ister Datuk Seri Tengku Adnan
Tengku Mansor (Ku Nan), facing
two charges of receiving bribes
totalling RM3 million, over the
approval of an application by
a company to raise the devel-
opment ratio in Jalan Semarak
here, will be tried in the High
Court.
Yesterday, the prosecution in-
formed the Sessions Court Judge
Azman Ahmad that the defence
team’s application to transfer the
case from the Sessions Court to
the High Court under Section
417 of the Criminal Procedure
Code was allowed by the High
Court on Dec 14 last year.
“Nevertheless, the defence
has not yet received an order
for the case to be tried at which
High Court,” said deputy public
prosecutor Aida Mastura Mo-
hamed Aman at the mention
of the case. Lawyer Datuk Tan
Hock Chuan, representing Ku
Nan, 68, confirmed the matter.
Ku Nan too had surrendered
his passport to the court. Before
this, Judge Azman had allowed
a temporary release of the pass-
port from Dec 12 and ordered
the accused to return the pass-
port to the court yesterday. The
court permitted Ku Nan’s appli-
cation to temporarily get back
his passport to enable him to
get a health examination at a
hospital in Melbourne, Aus-
tralia. — Bernama
Jamaluddin
Jarjis’ mother
files affidavit-in-
reply
KUALA LUMPUR: The mother
of the late Malaysian ambassa-
dor to the US Tan Sri Jamaluddin
Mohd Jarjis has filed an affida-
vit-in-reply against the prelimi-
nary objection filed by her son’s
widow and their four children
to her application to obtain the
faraid certificate for his estate
worth over RM2 billion.
Syarie lawyer Nur Hidayah
A Bakar representing Jamalud-
din’s mother, Aminah Abdullah,
85, said this to reporters after
the case management, held in
chambers before Syariah High
Court registrar Siti Zulaiha Mo-
hamad Mansor.
“Aminah has filed an affida-
vit-in-reply against the prelimi-
nary objection submitted by her
son’s widow, Puan Sri Dr Kalsom
Ismail and [their] four children.
The court set March 4 for the next
case management to enable the
widow and the children to file
their affidavit-in-reply,” she said.
On the matrimonial claim
filed by Kalsom several months
after Aminah filed the applica-
tion for the faraid certificate, the
lawyer said the court set Feb 12
for the next case management.
— Bernama
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Sentoria’s unbilled sales seen
to support its future profit
Sentoria Group Bhd
(Jan 7, 40 sen)
Maintain hold with a lower target
price (TP) of 43 sen: We recently
met Sentoria Group Bhd’s man-
agement team to learn about its
plans for the financial year 2019
(FY19), such as new launches
worth some RM740 million lined
up. While there is no official sales
target set for FY19, management
intends to benchmark it with sales
in FY18. Meanwhile, management
acknowledged the outlook for the
leisure business is challenging but
strives to achieve break-even this
year. The group’s unbilled sales of
RM425 million should continue
to anchor its future earnings. We
maintained our “hold” call with a
lower TP of 43 sen per share.
We understand that manage-
ment plans to launch some RM740
million worth of new properties in
FY19. In Kuantan, Pahang, Sentoria
will roll out affordable landed prop-
erties at below RM200,000 per unit,
and RM300,000 for a single-sto-
rey terrace or a semi-detached
house. In Morib, Selangor, the
group will be launching single-sto-
rey semi-detached houses, also
affordable at between RM298,000
and RM328,000 per unit.
In Kuching, Sarawak, new pro-
jects set to be launched in FY19
are the affordable Rumah Spektra,
with an average selling price of
Genting Malaysia expected
to look at cost-cutting initiatives
Genting Malaysia Bhd
(Jan 7, RM3.11)
Maintain hold with an un-
changed target price (TP) of
RM3.25: We hosted Genting Ma-
laysia Bhd’s management at our
annual Malaysia Corporate Day
last Friday, where they met al-
most 40 fund managers and buy-
side analysts. Management was
represented by senior vice pres-
ident (VP) James Koh, assistant
VP Yeoh Ru Hann and assistant
manager Audrey Ng. Most of the
investors’ questions focused on
the development of a new out-
door theme park.
Genting Malaysia said it could
not provide the investors with
updates on the possible opening
date of the new outdoor theme
park, indicating it is still waiting
for a court hearing date for the
lawsuit against Walt Disney Co
and 21st Century Fox Inc in which
Genting Malaysia is claiming
more than US$1 billion (RM4.14
billion) in damages. The compa-
ny said construction works for
the new outdoor theme park are
more than 95% completed, but it
would not be opened until after
RM143,000 per unit; and Borneo
Samariang Garden — single-sto-
rey terrace houses and single-sto-
rey semi-detached houses from
RM254,000 per unit and RM400,000
per unit respectively. Townships in
Kuantan, Morib and Kuching are
expected to contribute bread-and-
butter sales to Sentoria in FY19.
In addition, the group will unveil
the maiden phase for its develop-
ments in Sungai Petani and Lang-
kawi in FY19. Scheduled for launch
in the second half of FY19, the Sun-
gai Petani project will feature sin-
gle-storey semi-detached houses
and single-storey bungalows with
potential gross development value
of RM129 million; the anticipated
selling price for the single-storey
semi-detached houses and bunga-
lows is at RM241,000 per unit. On
the other hand, we understand the
Langkawi Resort City’s first phase
will only be rolled out after the
Sungai Petani project launch, as
it would require the group to swap
the Malay reserve land title in Lang-
kawi with the non-Malay reserve
land in Sungai Petani. We are up-
beat about the upcoming launches
in Sungai Petani and Langkawi, as
this would enable the group to ex-
pand into and diversify its business
in northern Peninsular Malaysia.
While there is no official sales
target set for FY19, management in-
tends to benchmark it with sales in
The company said
construction works for
the new outdoor theme
park are more than
95% completed, but it
would not be opened
until after the lawsuit
is settled.
the lawsuit is settled.
In 2013, Genting Malaysia
intended to invest just US$150
million (RM620 million) in the
new outdoor theme park, and for
construction works to be com-
pleted by end-2016. However,
Genting Malaysia later decided
to build a larger new outdoor
theme park, leading to delays
in its opening. So far, Genting
Malaysia has invested US$750
million (RM3.1 billion) in the
new outdoor theme park. Before
the lawsuit against Walt Disney
Co and 21st Century Fox Inc,
Genting Malaysia was supposed
FY18. Recall that the group recorded
sales of RM393 million, comprising
property sales and a design and build
(D&B) contract of RM197 million and
RM196 million respectively. While
we are excited about these projects’
official launches up north, we do not
discount the possibility of delays,
given the official launches are highly
dependent on timely approvals from
the relevant authorities.
As such, we conservatively pro-
ject the group to secure new sales
of RM380 million in FY19, com-
prising new property sales and a
D&B contract of RM250 million
and RM130 million respectively.
In our earnings model, we assume
about 50% take-up for landed resi-
dential projects in Kuantan, Morib
and Kuching, and the launches in
Sungai Petani and Langkawi to be
postponed to FY20.
Sentoria’s FY18 leisure and hos-
pitality division’s loss before in-
terest and tax widened to RM1.8
million, from a loss of RM600,000 a
year ago, mainly due to initial oper-
ating costs and overheads incurred
for the group’s new theme parks —
Langkawi Nature Park in Langkawi
and Borneo Samariang Water Park,
which commenced operations in
January 2018 and March 2018 re-
spectively. Meanwhile, lower vis-
itor arrivals and hotel occupancy
at Bukit Gambang Resort City also
contributed to the decline.
to open the new outdoor theme
park in mid-2019.
With the rise of casino tax of
10% from Jan 1, 2019, we under-
stand that Genting Malaysia is
looking at some cost-cutting in-
itiatives including reducing in-
centives and rewards for major
casino customers. However, we
believe this would likely happen
gradually as Genting Malaysia
does not want to lose its major
casino customers. Genting Ma-
laysia also currently has about
14,500 staff members and we un-
derstand the company does not
intend to increase staff costs un-
til the opening date is set for the
new outdoor theme park.
We maintained our earn-
ings per share forecasts and TP
of RM3.25, based on its revised
net asset value and the stock re-
mains a “hold”. Upside risks in-
clude the new outdoor theme
park’s opening this year. Down-
side risks include the new out-
door theme park failing to open
in 2019. Long-term charts show
a strong support for the stock at
RM2.85 and RM2.20. — CGSCIMB
Research, Jan 7
B R O K E R S’ C A L L 13
Sentoria Group Bhd
FYE SEPT (RM MIL) 2017
Revenue 280.4
Ebitda 59.8
Dep & amortisation (11.2)
Fair value gain 5.5
Net finance cost (2.7)
Normalised PBT 45.9
Taxation (13.3)
Reported net profit 38.0
Normalised net profit (sen) 33.9
Core EPS* (sen) 6.0
GDPS (sen) 0.0
Dividend yield (%) - -
Source: TA Securities
Management acknowledged the
leisure business outlook will be
challenging over six to 12 months,
given a heightened competition in
the theme park space in Malaysia.
With cost rationalisation measures
implemented, the leisure business
is expected to break even this year.
The group should chart a better
performance in FY20, following
the Morib Waterpark’s completion
by end-2019.
Our FY19 to FY21 earnings fore-
casts are revised lower by 5% to 7%,
factoring in lower visitor arrivals,
occupancy rates, revenue spend-
ing per pax and operating margin
for the leisure division. There is no
change to our property sales as-
Higher number of gesture sensors
seen for Globetronics by mid-2019
Globetronics Technology Bhd
(Jan 7, RM1.52)
Maintain neutral with a reduced
target price (TP) of RM1.70: In our
previous report, we highlighted
Globetronics Technology Bhd see-
ing some softness under its ambi-
ent light sensors, with monthly run
rate likely to average at less than 30
million for December 2018 from
35 million in the month before,
and 27 million to 28 million by
January 2019. The group has now
received the latest volume guid-
ance of an even lower 23 million
to 24 million for February 2019 —
translating into a 31% to 34% order
reduction from its peak of 35 mil-
lion — from its direct customer in
AMS AG (AMS SW, not rated). We
believe this could be due to further
weakness in overall demand for
Apple’s (neutral; covered by Jef-
frey Kvaal, Instinet, LLC) iPhone
line-up in 2018.
Factoring this, we are cutting
our forecast run rates for its ambi-
ent light sensors to 26 million/27
million units per month for fi-
nancial years 2019 and 2020 fore-
casts (FY19F/FY20F), from 29
million/32 million previously.
We are now expecting an average
monthly run rate of 23 million
for February to June 2019 before
2018 2019F 2020F 2021F
293.0 306.9 353.5 370.5
29.8 54.9 67.6 70.7
(10.7) (12.9) (14.9) (16.0)
10.2 0.0 0.0 0.0
(3.9) (11.2) (15.8) (17.3)
15.2 30.8 36.9 37.3
2.7 1.8 1.8 1.9
28.1 32.6 38.8 39.2
20.4 32.6 38.8 39.2
3.6 5.8 6.8 6.9
0.0 0.0 1.0 1.0
- 2.6 2.6
sumptions of RM380 million per
annum for FY19 to FY21. The prop-
erty development division earn-
ings will be anchored by a total
unrecognised revenue of RM425.2
million — 1.7 times FY18 property
development revenue — compris-
ing unbilled property sales and a
D&B contract of RM158.6 million
and RM266.6 million respectively.
Following the earnings adjust-
ment, we reduced the TP to 43 sen
from 44 sen per share, based on an
unchanged target average blended
calendar year 2019 price-earnings
to price-to-book ratio of six times
and 0.5 times. We maintained our
“hold” call on Sentoria. — TA Se-
curities, Jan 7
recovering to 29 million in the
second half of FY19 to pave way
for the launch of the next product
cycle likely in September 2019.
However, the negative earnings
impact is partly mitigated by a
higher target run rate for its ges-
ture sensors, registering 16 mil-
lion units per month currently
and is scheduled to hit 20 million
units per month by mid-2019. We
believe this could allude to Ap-
ple’s likely introduction of new
earphone models later this year.
All in, we trimmed our FY19F
and FY20F earnings per share
by 4% to 6%.
We maintained our “neutral”
call on Globetronics with a re-
duced TP of RM1.70, following
our earnings forecast revision and
as we lowered our 2019 forecast
price-earnings (P/E) to 15 times,
from 20 times, to reflect its less
appealing growth prospects with
FY18 to FY20F earnings com-
pound annual growth rate of 9%.
The stock currently trades at 13.1
times 2019 forecast P/E, which
we deemed reasonably close to
our target multiple. Within the
Malaysia outsourced semicon-
ductor and test provider space,
we still prefer Inari Amertron
(buy). — Nomura Group, Jan 4
14 B R O K E R S’ C A L L T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

2H earnings recovery
expected for KLK
Kuala Lumpur Kepong Bhd
(Jan 7, RM24.06)
Maintain neutral with an un-
changed target price of RM22.86:
We met Kuala Lumpur Kepong
Bhd’s (KLK) management and came
away with some developments. De-
spite the weak crude palm oil (CPO)
price performance, we expect to
see a slow recovery in the compa-
ny’s earnings for the second half
of financial year 2019 (2HFY19).
Compared with its industry peers,
KLK was not as badly affected by
lower CPO prices as it had the oleo-
chemical business to hedge against
upstream price exposure. As for
valuation, it remains unattractive
at 30 times forward price-earnings
ratio, likely owing to the integrated
business model that helps hedge
against the downside risk in CPO
prices.
Management expects to see the
current weak CPO price perfor-
mance remains the key challenge Kuala Lumpur Kepong Bhd business, which is currently run-
to its 1HFY19 plantation segment. ning at the maximum level.
CAGR
Meanwhile, the oleochemical seg- FYE SEPT (RM MIL) 2017A 2018A 2019F 2020F 2021F (%) Following the implementa-
ment is expected to maintain its Revenue 21,004.0 18,400.5 18,348.6 18,507.0 18,666.9 -2.9
tion of the new minimum wage
performance with higher capaci- of RM1,100 a month effective this
Gross profit 1,624.6 1,295.8 1,293.6 1,337.5 1,354.2 -4.4
ty utilisation and operational ef- year, the group sees a small impact
ficiencies. It expects to see CPO Pre-tax profit 1,450.5 1,117.4 1,150.4 1,195.3 1,212.0 -4.4 of -2% on its group’s bottom line.
prices hovering around RM2,100 Core net profit 1,024.5 783.1 839.3 872.1 884.3 -3.6 However, the more worrying issue
to RM2,200 per tonne for the next EPS (sen) 96.2 73.5 78.8 81.9 83.0 -3.6 is the minimum wage hike in Indo-
three months. On fresh fruit bunch PER (x) 25.2 32.9 30.7 29.6 29.1 nesia this year as the general elec-
(FFB) production growth, manage- DPS (sen) 50.0 45.0 45.0 45.0 45.0 tion is expected to be held soon. A
ment expects to see FFB production Dividend yield (%) 2.1 1.9 1.9 1.9 1.9
bumper hike of 10% to 20% is an-
surpassing the four million tonne ticipated, which made the general
Sources: Company, PublicInvest Research estimates
level for FY19, with an expected worker wage almost on a par with
growth of 5% to 6%. The higher Malaysia’s level.
production growth will be contrib- project called Hemingway Resi- replant a bigger area of 10,000ha The group has a planted area of
uted by an estimated 10,000ha of dences in Bandar Sungai Buloh, in Lahad Datu and Riau compared 7,888ha in Liberia, which makes
plantation area coming into ma- which consists of superlink terrace with only 5,800ha last year due to up 3.6% of total group plantation
turity as well as improving yields houses and semi-detached homes. bad weather condition and con- area. It has started commissioning
given its young age profile of 12.1 Though the group has a sizea- tractor issues. It also includes the a 30-tonne-an-hour palm oil mill in
years for the existing mature area. ble planned capital expenditure construction of a joint-venture- Palm Bay. It is currently construct-
The property segment is expected (capex) of RM900 million, it intends owned new refinery and jetty in ing bulking facilities in Buchanan
to perform favourably this year on to spend only half of it. About 70% East Kalimantan. The remainder to facilitate bulk shipments of its
the back of steady unbilled sales of the capex will be spent on the will be allocated for the capaci- CPO in the future. — PublicInvest
of RM121 million and an ongoing plantation segment as it plans to ty expansion of the oleochemical Research, Jan 7

Mukim Batu job termination Consumer sector sentiment

expected to remain healthy
not seen to impact Ikhmas profit Consumer sector
Maintain overweight: We have
view our call for the sector include
weakening of the ringgit against
maintained “overweight” on the the US dollar (the 2019 house as-
Ikhmas Jaya Group Bhd Ikhmas Jaya Group Bhd consumer sector as we expect con- sumption average: RM4.12). Berjaya
(Jan 7, 12 sen) sumer sentiment to remain healthy. Food and Padini Holdings Bhd are
Maintain hold with a lower tar- FYE DEC (RM MIL) 2014 2015 2016 2017 2018F 2019F The recent consumer-friendly ini- beneficiaries of a stronger ringgit.
get price (TP) of 11 sen from 15 Revenue 293.5 268.7 242.6 303.2 364.1 435.6 tiatives, such as the reintroduction Half of Berjaya Food’s raw material
sen: Ikhmas Jaya Group Bhd has Gross profit 57.9 67.3 56.2 29.7 41.1 55.6
of the petrol subsidy, capping of the are purchased in US dollars, while
received a letter from TTDI KL Me- electricity tariff and introduction of 70% of Padini’s raw materials are
Ebit 33.4 37.6 21.6 15.1 9.6 17.9
tropolis Sdn Bhd for terminating the public transport subsidy, have sourced from China. The second
the contract for earthwork, piling PBT 28.8 32.8 15.2 10.0 8.6 12.9 contained the problem of the rising downside risk is sluggish improve-
and substructure work for a pro- PAT 21.4 24.3 10.2 5.9 6.6 11.0 cost of living and effectively put ment in economic fundamentals,
posed 59-storey development in Net profit 21.5 25.2 11.3 6.9 6.7 11.1 more money back into the pockets leading to a derating of the sector. A
Mukim Batu. Growth (%) of consumers. The substitution of sluggish recovery in economic fun-
Work has been completed ap- the goods and services tax (GST) damentals may not see consumers
Revenue 42.9 -8.5 -9.7 23.5 21.6 19.6
proximately 81%. The balance of with the sales and services tax (SST) fully benefiting from savings tied
work to be carried out is approx- Gross profit 8.1 16.3 -16.6 -27.2 0.6 35.2 is a net positive for consumers as to the reintroduction of the SST
imately RM11 million out of the Ebit 4.4 12.4 -42.5 17.5 -62.1 85.8 the SST has a narrower scope com- and consumer-friendly measures,
total contract value of RM57.9 mil- PBT -0.6 13.6 -53.8 17.4 -51.4 49.4 pared with the GST. thereby dampening the recovery in
lion in which the expected date of PAT -0.2 13.5 -57.8 31.6 -50.8 65.8 The improved consumer senti- consumer sentiment. Our top pick
completion of the project is Feb 17. Net profit 0.5 16.8 -55.2 26.8 -52.9 64.9 ment is manifested in the uptick in for the sector is Berjaya Food (buy;
Both parties mutually agreed on the Consumer Sentiment Index as fair value [FV]: RM2.01 a share): We
the determination with the good Margin (%) measured by the Malaysian Insti- believe Berjaya Food is a beneficiary
intention that the group shall dis- Gross margin 19.7 25.1 23.2 9.8 11.3 12.8 tute of Economic Research, where as improved consumer sentiment
band within 14 days and that TTDI Ebit 11.4 14.0 8.9 5.0 2.6 4.1 the index has recovered beyond the drive discretionary spending.
shall finalise and settle the account PBT 9.8 12.2 6.2 3.3 2.4 3.0 100-point confidence threshold af- We believe Mynews (buy; FV:
as soon as possible. PAT 7.3 9.0 4.2 2.0 1.8 2.5 ter three years of a low sentiment RM1.66) will be an indirect ben-
The current outstanding or- Net profit 7.3 9.4 4.6 2.3 1.8 2.5 trend. We believe the positive trend eficiary of the public transporta-
der book stands at approximately in consumer sentiment will be sus- tion subsidy as it boosts foot traf-
RM809 million after taking into Net gearing (%) 52 22 39 50 35 31 tained as consumers become more fic surrounding the train stations
account the termination of con- EPS (sen) 3.95 4.61 2.07 1.27 1.23 2.04 confident of the government with (Mynews operates more than 30
tracts. As such, the anticipated de- PER 3.29 2.82 6.29 10.23 10.53 6.39 expectations of a more people-cen- stores at the mass rapid transit, light
termination of contracts would not ROE (%) 22.4 13.3 5.8 3.3 3.2 5.0 tric government policies, better rail transit and monorail stations).
have any significant impact on our ROA (%) 7.5 6.9 2.5 1.3 1.0 1.5 governance and transparency. We As a staple product producer,
earnings forecasts. DPS (sen) - - 0.01 0.005 0.01 -
project private consumption to Power Root (buy; FV: RM1.65) will
Key risks are: i) unforeseen de- grow at 6.5% year-on-year on the be a potential beneficiary of im-
Dividend payout (%) - - 20.6 21.0 20 -
lays in execution of projects; ii) low- back of a healthy labour market as proved consumer spending. The
er-than-expected profit margins; Dividend yield (%) - - 1.5 0.9 1.5 - well as stable inflation. company is undervalued, trading
and iii) unexpected credit risk due Sources: Company, JF Apex The food and beverage sub-sec- at 12 times price-earnings ratio
to sizeable account receivables. tor does not typically benefit from (PER) compared with OldTown
We have reduced our earnings million (from RM500 million). earnings per share of 2.04 sen. The greater disposable income. Given Bhd which previously traded at an
forecasts for financial year 2018 We have maintained our “hold” lower valuation is due to the group’s the unique properties and circum- average of 15 times forward PER.
(FY18) and FY19 by 8.2% and 8.3% call, with a lower TP of 11 sen (from sizeable trade receivables and un- stances of the companies under our Power Root will also benefit from
respectively after cutting our target 15 sen), following our earnings favourable market sentiment to- coverage, we have identified Ber- a stronger US dollar as around 50%
order book to RM473 million (from cut and applying a lower target wards construction players. Also, jaya Food Bhd, Mynews Holdings of its sales are in exports. Our pro-
RM500 million) for FY18. Mean- price-earnings ratio (PER). Our our TP implies 0.3 times its price- Bhd and Power Root Bhd as the top jection for the US dollar/ringgit is at
while, we have also revised down our valuation of the stock is pegged to-book ratio. — JF Apex Securities picks for the sector. The downside an average of 4.12 for calendar year
target order book for FY19 to RM400 at 5.6 times FY19 PER, based on Bhd, Jan 7 risks which may prompt us to re- 2019. — AmInvestment Bank, Jan 7
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Trump’s long shutdown
could destabilise the world
Institutions that create political, economic stability are eroding. That will reduce confidence in leadership
BY N OA H F EL DMA N
U
S President Donald
Trump in a meeting
with congressional
Democrats last Fri-
day said he was pre-
pared for the partial
government shutdown to continue
for months — or even years — if he
does not get the money he wants for
a wall along the Mexican border. It is
not hard to see how that prediction
comes true. Both sides have framed
the issue such that a victory for one
side on funding a border wall entails
defeat for the other. Neither side has
much incentive to compromise.
Suppose Trump is right. The
longest shutdown on record is 21
days, from late December 1995 to
early January 1996. (This is the 21st
in the modern era.) What would a
much longer shutdown mean for
US political life?
Judging by public reaction thus
far, you might think the answer is,
not much. After all, we’ve become
increasingly inured to Trump’s at-
tempts to break established qua-
Dirty populists
BY JANINE R WEDEL
THE election left one of the world’s
largest countries deeply divided,
handing the presidency to a mili-
tary-loving, minority-bullying, me-
dia-bashing firebrand promising to
smash a corrupt establishment. I
am not talking about the 2016 US
presidential election that put Don-
ald Trump in power, but rather the
2018 election in Brazil, won by the
so-called Trump of the Tropics,
Jair Bolsonaro, who was formally
inaugurated on Jan 1.
Bolsonaro joins the growing ranks
of supposedly transformative lead-
ers — including Trump, Hungarian
Prime Minister Viktor Orban, and de
facto Polish leader Jaroslaw Kaczynski
— who won power by railing against
the establishment and vowing to end
systemic corruption. Will he also join
Trump, Orban, and to a lesser extent
Kaczynski, in overseeing the spread
of new kinds of corruption, while
attempting to reshape governance
to entrench his own power?
Despite repeatedly pledging to
“drain the swamp”, Trump has ena-
bled a level of corruption that is ar-
guably unprecedented in American
history, affecting large swathes of the
federal bureaucracy. He has failed to
fill open positions, slashed budgets,
bypassed established bureaucratic
procedures and protocols, and side-
si-constitutional customs. Maybe
keeping the government open is
just another unwritten norm; maybe
breaking it is not the end of the world.
Yet the likelihood is that a long
shutdown would exert real negative
gravitational pull on the stability of
American government. There are
key factors at play.
First, there’s the message of dys-
function. Passing a budget — even a
stopgap budget — to keep the gov-
ernment open is a sign that both the
Democratic and Republican parties
see the management of the govern-
ment as a common task. They might
differ deeply on policy priorities. But
they agree that the government is nec-
essary to effectuate the commands
of the legislature and the president
and to keep the country humming.
When and if the two parties
reach a standoff they are genuinely
unwilling to resolve, the message
they are sending to the country
and the world changes. Instead of a
message of underlying cooperation,
the message will be of underlying
disagreement — with cooperation
only accidental and occasional.
lined diplomats. He has largely spared
the military, though here, too, he fre-
quently denigrates his commanders’
expertise in favour of his gut feelings.
When the state apparatus is evis-
cerated, governance can become
more informal, policy more per-
sonalised, executive power more
dominant, and loyalty to the leader
more important. Trump has in-
stalled family members as official
and unofficial advisers, placed sen-
ior aides in agencies to monitor
loyalty, and issued more executive
orders in his first year than any
president in half a century.
Beyond blatant nepotism, crony-
ism, and abuses of office by Trump
appointees, this has created new
opportunities for “shadow lobby-
ists”, unregistered influencers who
fail to disclose their ties to corpora-
tions or even foreign governments.
For example, Trump’s informal ad-
viser Newt Gingrich has lobbied for
healthcare companies and mort-
gage giant Fannie Mae. Trump’s
former consigliere Michael Cohen
was paid for “advice” by corpora-
tions like AT&T and Novartis. Both
former National Security Adviser
Michael Flynn and Trump cam-
paign chairman Paul Manafort were
found to have engaged in foreign
lobbying tied to Russia and Turkey.
Then there are what I call the
“shadow elites”: Establishment play-
ers who fill intertwined, opaque,
and not fully disclosed roles across
the public and private spheres. For
Short shutdowns are manage-
able because the public assumes
that they will soon be resolved. That
assumption makes sense because
we believe that both sides think
they will gain by reaching agree-
ment — because the public wants
the government to govern.
In Trump’s political experiment,
he’s open to the idea that the public
does not care, or at least care enough
to punish him or the Republicans for
shutting down government over the
principle of the wall. Meanwhile, the
Democrats are letting him run his ex-
periment — by refusing to be bluffed.
If the quasi-constitutional norm
that Congress and the president com-
promise to fund the government is
broken, it means the assumption
that the public wants government
will have to be re-evaluated.
Then comes the enforcement gap.
The world’s confidence in the
US government — and by exten-
sion, the US economy — depends
on seeing the American polity as
basically functional. A function-
al federal government performs
the basic tasks of preserving soci-
example, retired generals and admi-
rals who sit on government defence
advisory boards can help shape
defence agendas while using their
access and information to clinch
military contracts for the consult-
ing firms they own or the defence
companies for which they work.
Similarly, Trump-appointed of-
ficials often have deep ties to the
industry they are supposed to be
policing — including education,
finance, and especially the energy
sector — or are expressly antago-
nistic towards their own agencies.
Of course, American democracy
is still comparatively entrenched,
and the Trump administration has
faced significant pushback from the
judiciary and media (both of which
he has repeatedly attacked). That is
not quite the case in Hungary under
Orban, the first of few world leaders
to endorse Trump’s candidacy, or in
Poland under Kaczynski. Whereas
Trump has facilitated corruption by
weakening government, Orban and
Kaczynski have focused on seizing
control, changing the rules, and
making government institutions
their own.
In Hungary, Orban loyalists have
been put in charge of several inde-
pendent government-monitoring
bodies, and the judiciary has been
stacked, enabling Orban to rewrite
the constitution as he sees fit. With
few institutional constraints left,
Orban has fostered what Freedom
House describes as “large-scale and
etal stability. Stability depends on
more than just national security,
which will be maintained during
the shutdown. It includes basic
regulatory functions: of the mar-
kets, the environment, food and
drugs, and so on.
Those function are not consist-
ently sustained during a shutdown.
In a short shutdown, the public un-
derstands that the government will
play catch-up in the aftermath. So
stability is not disrupted.
In a long shutdown, it is far from
clear that the catch-up will make
up for the regulation that will be
lost. Slowly, gradually, maybe even
imperceptibly, the social functions
that depend on regulatory stability
will begin to erode.
People will eventually begin
evaluating whether the costs of
compliance outweigh the ben-
efits of violating the regulations
— less enforcement will lead to
more rule-breaking. The odds of
being caught are always part of the
calculus. Less regulatory enforce-
ment means lower odds of being
caught — hence more violations.
unpunished” corruption.
When Orban’s Fidesz party won
a decisive victory in 2010, he pro-
claimed it a day of “revolution”, be-
cause the Hungarian people had
“ousted the regime of oligarchs who
misused their power”. Yet Orban
has presided over the emergence
of a new generation of oligarchs,
as he has coordinated with political
insiders to deploy state power and
resources for the benefit of personal
friends and political allies.
Transparency International es-
timates that 70% of Hungary’s pub-
lic procurement is now “infected”
by corruption, possibly costing the
country as much as 1% of GDP. Be-
yond Hungary’s own resources, Or-
ban has diverted to his cronies bil-
lions of euros from the European
Union, which is now demanding
at least partial repayment.
For Orban, however, the goal has
always been to ensure that Hungary’s
power players are on his side.
Poland’s ruling Law and Justice
(PiS) party, led by Kaczynski, who has
no official position in government,
has similarly set about laying siege to
government institutions. Like Fidesz,
PiS presented itself as an antidote to
corruption, which helped it achieve a
decisive electoral victory in 2015. But,
though the government has pursued
some legitimate anti-corruption ini-
tiatives, such as a crackdown on tax
fraud, it has also wielded corruption
accusations as a weapon against po-
litical opponents, making much of its
COMMENT 15
Weaker enforcement is not
something that the American pub-
lic will notice right away. Its con-
sequences will accumulate subtly,
over time.
But the rest of the world will
eventually get the message that the
institutions that create American
political and economic stability
are eroding. That will reduce confi-
dence in American leadership. Ra-
tionally, it should also reduce con-
fidence in the American economy.
In the Trump era, it is becoming
commonplace to assume that the
economic fundamentals that make
the US attractive for investment will
remain unaffected by our political
dysfunction.
That’s a mistake that confuses
short-term predictions with the
long-term institutional structures
being damaged.
In the long run, the national com-
mitment to effective government and
meaningful regulation is necessary
and unavoidable. Eroding it by a long-
term shutdown will be costly — not
today or tomorrow, but soon, and
for the rest of our lives. — Bloomberg
anti-corruption agenda look more like
an authoritarian power grab.
Meanwhile, PiS has attempted to
assert control over the civil service,
the judiciary, and state-controlled
media. PiS changed the civil service
law to usher out career profession-
als, installing many loyalists in their
place, and replaced many of the
heads of state-owned companies.
Trusted Kaczynski loyalists now
make major decisions in Poland, with
little accountability. Against this back-
ground, a current banking scandal in-
volving a top regulator who appears to
have solicited a bribe from a leading
banker suggests institutional involve-
ment of PiS- and Kaczynski-linked
players and underscores the institu-
tional damage they have done.
Six thousand miles away, Brazil
has just inaugurated Bolsonaro,
who has echoed these leaders in
promising that “government de-
partments will not be led by any-
one who’s been convicted of cor-
ruption”. Judging by Bolsonaro’s
populist counterparts elsewhere,
however, Brazilians should not hold
their breath. — Project Syndicate
Janine R Wedel, anthropologist and
university professor in the Schar
School of Policy and Government
at George Mason University, is the
author of Unaccountable: How the
Establishment Corrupted Our Fi-
nances, Freedom, and Politics and
Created an Outsider Class.
16 W O R L D B U S I N E S S T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Tesla breaks ground on Shanghai plant

This will allow it to sell direct to Chinese consumers, avoid trade war tariffs
BEIJING: After four years of planning,
Tesla Inc finally broke ground on its
planned US$5 billion (RM20.55 bil-
lion) factory in the world’s biggest
auto market. But the timing couldn’t
be more inauspicious.
Chief executive officer Elon Musk
and some Shanghai officials, includ-
ing Mayor Ying Yong, yesterday at-
tended a function at a site near the
city kicking off construction of what
would be the electric-vehicle mak-
er’s first car-manufacturing facility
outside the US. While the ceremony
marked a new journey for Tesla, it
comes at a point where China’s econ-
omy is showing signs of strain amid
the trade war with the US.
In China, the billionaire-entrepre-
neur faces a car market that probably
shrank last year for the first time in
at least two decades as uncertainties
surrounding the trade fight between
Musk (third from left) attending the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China yesterday. Photo by Reuters the world’s two biggest economies,
signs of weakening domestic demand
and a stock market slump take their
toll on consumers. The challenging
environment also includes compe-
tition from several startups that all
want to be like Tesla.
The automaker aims to finish in-
itial construction of the plant this
summer and start Model 3 production
by the end of the year, according to
Musk. The factory, currently just an
expanse of muddy fields about two
hours from Shanghai, will produce
affordable versions of Tesla’s Model
3 and Model Y for Greater China, he
said during the visit.
The facility is expected to churn
out about 250,000 vehicles annually
in the first phase, and that capacity
will double over time, the Shanghai
government said in a statement yes-
terday. Tesla has said it plans to use
mostly local debt to fund the factory.
— Bloomberg

BlackRock backs gold as growth Goldman slashes oil price forecasts

cools while volatility stays high
BY R AN J EET HA PA KI A M
SINGAPORE: Gold may extend
gains as global growth slows, eq-
uity market volatility remains ele-
vated and the US Federal Reserve
is expected to ease back on the
pace of policy tightening this year,
according to a BlackRock Inc mon-
ey manager, who says the precious
metal offers an effective hedge.
“Recession fears are probably
overblown, but I do think we’re
Apple’s TV deal with Samsung showcases shift to services
BY M A R K GU RMA N
SAN FRANCISCO: Apple and Sam-
sung announced a deal that only
recently would have seemed un-
thinkable: The iPhone maker will
begin offering iTunes movies and
TV shows on its archrival’s TV sets.
Coming ahead of the annual
CES technology show in Las Vegas,
Sunday’s move demonstrates Ap-
ple’s shift towards developing into a
tech- and media-services company
as sales of gear like the iPhone con-
tinue to wane. It is “further evidence
that Apple is willing to change its
hardware-first approach and work
with third parties to boost servic-
es revenue,” said Gene Munster, a
long-time Apple watcher.
Last week, after Apple shocked
investors by saying iPhone sales
missed expectations for the hol-
iday quarter, it pointed to an all-
time record services revenue of
US$10.8 billion (RM44.44 billion)
for the quarter.
“With services a key part of the
Apple flywheel and one of the only
experiencing a slowdown,” Russ
Koesterich, portfolio manager at
the US$60 billion (RM246.9 billion)
BlackRock Global Allocation Fund,
said in an interview, citing deceler-
ations in the US, China and Europe.
While BlackRock does not have a
target price, it is been raising bul-
lion holdings since the third quarter
through exchange-traded funds.
Bullion surged in December as
global stocks capped their worst
annual performance since the fi-
Samsung Smart TV displaying the iTunes app. Photo by Samsung Electronics Co.
silver linings in an otherwise dark
period of growth, Cook & Co need
to double down on content and dis-
tribution partners going forward,”
according to Dan Ives, an analyst
with Wedbush Securities.
Apple and Samsung were at war
for about seven years over smart-
phone patents, with Apple accusing
its rival of copying the iPhone’s de-
nancial crisis. Investors took fright
at signs of economic weakness in
the world’s largest economies, with
China grappling against the US
trade war. Other political uncertain-
ties, such as Brexit and the partial
US government shutdown, have
also buttressed demand for havens.
“We’re constructive on gold,”
Koesterich said in the phone in-
terview last Friday. “We think it's
going to be a valuable portfolio
hedge.” — Bloomberg
sign. After multiple trials and Apple
being awarded millions of dollars,
the two companies eventually set-
tled in June 2018, ending litigation.
Beyond lawsuits, the companies
have still long shared both a close
partnership, with Apple relying on
Samsung for components such as
screens in the latest high-end iP-
hones. — Bloomberg
as new supply seen plentiful
BY DA N MURTAUG H
SINGAPORE: Goldman Sachs
Group Inc cut its oil price fore-
casts for 2019, citing a re-emerg-
ing surplus of oil and resilient US
shale production.
Global benchmark Brent
crude will average US$62.50
(RM257.17) a barrel this year,
analysts including Damien Cour-
valin said in a note on Sunday,
down from a previous estimate of
US$70. US marker West Texas In-
termediate will average US$55.50
a barrel, down from a prior fore-
cast of
US$64.50. With current pric-
es below those levels, Goldman
sees them as undervalued at the
moment.
A surge in Opec production
in late 2018 means the market
started this year better supplied
Payments to Libya oil-fund fixer were
not bribes — JPMorgan
BY J O N AT H A N B RO W N IN G
LONDON: JPMorgan Chase
& Co acknowledged that Bear
Stearns made millions of dollars
of payments to a friend of the
son of Libyan dictator Muam-
mar al-Qaddafi around the time
it raised US$200 million for the
country’s wealth fund.
But the bank is refuting the
Libyan Investment Authority's
(LIA) central allegation in a Lon-
don lawsuit that the funds were
used to bribe and intimidate
officials who awarded the 2007
bond deal. The payments were
for help setting up introductions
with the north African fund, JP-
Morgan said.
than the last, and pipeline con-
straints in the U.S. Permian Basin
will clear up faster than expected,
according to Goldman. Big pro-
jects in the works for years in Bra-
zil and Canada will also ramp up
output in 2019. Combined, those
increases mean fewer high-cost
marginal barrels will be needed
to meet global demand growth
this year, Courvalin said.
“We expect that the oil mar-
ket will balance at a lower mar-
ginal cost in 2019 given higher
inventory levels to start the year,
the persistent beat in 2018 shale
production growth amidst little
observed cost inflation, weak-
er than previously expected de-
mand growth expectations (even
at our above consensus forecasts)
and increased low-cost produc-
tion capacity,” Courvalin wrote.
— Bloomberg
The lender’s Bear Stearns
unit sent US$6 million to busi-
nessman Walid al-Giahmi — a
close associate of the Qaddafi
regime — to arrange deals in a
contract that was no more than
a “sham” agreement, the LIA
has said. In its defense docu-
ments filed with the court and
released last Friday, JPMorgan
said that Giahmi provided “le-
gitimate intermediary services”
to Bear Stearns.
Libya had been an interna-
tional pariah state before inter-
national sanctions were lifted
towards the end of 2004, and
Bear Stearns had not dealt with
the government fund prior to the
bond transaction. — Bloomberg
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Takeda CEO
says big M&A
is crucial in
tough pharma
landscape
BY L I S A D U
TOKYO: These are tough times
for the global healthcare world,
and only financially-fit com-
panies supported by strong
research and development
(R&D) will survive, according
to Takeda Pharmaceutical Co
chief executive officer (CEO)
Christophe Weber (pic).
That goes a long way to
explaining the Japanese
drugmaker’s US$62 billion
(RM254.82 billion) deal to ac-
quire Shire plc, the CEO said
at a briefing yesterday, as the
company prepares to close the
biggest announced acquisition
of 2018.
“If you look at the top 10
pharmaceutical (pharma) com-
panies today, not a single one
didn’t come from M&A,” Weber
said here”.
“M&A is always a key part of
the industry. Why? Because we
are in an industry which invests
enormously in research and
development, at risk,” he said.
Weber has said one key rea-
son to purchase Shire is for the
company’s strong cash flow,
which can help support Take-
da’s R&D efforts.
The deal will almost dou-
ble Takeda’s annual revenue to
US$31.3 billion, according to a
company presentation.
Bristol-Myers and Celgene
reached their agreement for
what would be the largest phar-
ma merger on record after both
companies faced questions
over their future growth.
The CEO also said Takeda
would divest some businesses
“for sure” in 2019 to help quick-
ly lower the debt level taken on
in the Shire deal.
He said the company is look-
ing at non-core businesses out-
side Japan where the company
is not an industry leader and
does not have critical mass in
the market.
He reiterated that Takeda was
not likely to sell its Japanese con-
sumer healthcare business, say-
ing he was “very pleased” with
its performance. The company is
considering a sale of assets from
its European over-the-counter
business, people familiar with
the matter said in October.
Takeda shares jumped 7.5%
here yesterday, for the biggest
one-day gain in almost three
years. The stock lost 42% last
year. — Bloomberg
Samsung pain prompts
fund to add bearish bets
South Korea’s stock market is poised to suffer
BY HEEJIN KIM
SEOUL: For a US$3 billion (RM12.33
billion) hedge fund, the conse-
quence of analysts growing increas-
ingly pessimistic about Samsung
Electronics Co is clear: South Ko-
rea’s stock market is poised to suffer.
That is why Lime Asset Man-
agement Co is planning to add to
bearish bets on the nation’s shares,
expanding its long-short equity
strategy as a long-only one is un-
likely to work this year, according
to the firm’s chief executive officer
Jongjun Won.
The chipmaker is expected to
announce preliminary results to-
day and analysts here have been
rushing to cut their fourth-quarter
earnings forecasts, he said.
This year has started on the
wrong foot for Samsung, which
dropped 3.2% after a 24% plunge
last year driven by concerns that
the global chip-industry “super-
cycle” is ending. Following record
earnings in the third quarter, an-
alysts have lowered their oper-
ating-profit estimates for the fi-
nal three months of 2018 to 13.9
trillion won (RM50.96 billion) on
average, which would be the least
since the first quarter of 2017, data
Temasek said to explore options
for stake in AS Watson
BY V INICY CHAN & ELFFI E C HE W
HONG KONG/KUALA LUMPUR:
Singapore state investment firm
Temasek Holdings Pte is exploring
options for its stake in global re-
tailer AS Watson Group, including
a partial sale, people with knowl-
edge of the matter said.
Temasek is working with an ad-
viser to consider possibilities for
its 25% holding in AS Watson after
receiving some preliminary inter-
est, according to the people, who
asked not to be identified because
the information is private. It bought
the stake in AS Watson, which is a
Huawei unveils new chipset using ARM design for server push
BEIJING: Huawei Technologies
Co has unveiled a new processor
chip for servers as the Chinese tele-
communications gear giant pushes
ahead with expansion despite clos-
er scrutiny from abroad.
The Kunpeng 920 is built using
the cutting edge 7-nanometer pro-
cess and uses the semiconductor
architecture of ARM Holdings plc,
Shenzhen-based Huawei said in a
statement yesterday.
This year has started on the wrong foot for Samsung. Photo by Bloomberg
compiled by Bloomberg show.
“I can’t buy the stock for now, no
matter how cheap it is, as earnings
estimates are falling faster than I ex-
pected. Some people say profit will
fall again to around 10 trillion won for
the first quarter. I can’t buy a stock if
there’s no dream,” Won said.
Memory-chip shipments, which
account for 70% to 80% of Sam-
sung’s total profit, appear to be
lower than expected, and their
selling prices are falling at a faster
pace than forecast, said Jongwoo
unit of Hong Kong tycoon Victor
Li’s CK Hutchison Holdings Ltd,
for HK$44 billion in 2014.
At the time, AS Watson’s owner
said it planned to list the retailer
in the next two to three years in
Hong Kong and Singapore, push-
ing back an earlier 2014 target for
an initial public offering.
“Temasek bought AS Watson
on the expectation that it would
go public soon,” Steven Leung, ex-
ecutive director at UOB Kay Hian
(Hong Kong) Ltd, said yesterday by
phone. “Now that the IPO hope is
fading, it’s understandable why Te-
masek seeks to sell down its stake.”
The new chips would compete
with the dominant x86 server
architecture used by US giants
Intel Corp and Advanced Micro
Devices Inc.
Huawei is showing no signs of
tempering its ambitions even after
a number of setbacks on the inter-
national stage.
Chief financial officer Meng
Wanzhou was arrested last year
on allegations of violating sanc-
W O R L D B U S I N E S S 17
Yoo, an analyst at Korea Invest-
ment & Securities. South Korea’s
semiconductor exports, which ac-
count for up to a fifth of the na-
tion’s total exports and are led by
Samsung and peer SK Hynix Inc,
fell 8.3% in December from a year
earlier, the first year-on-year drop
since September 2016.
Samsung’s other businesses,
such as home appliances, smart-
phones and screens, are unlikely
to improve soon, Lime Asset’s Won
said. — Bloomberg
Deliberations are at an early
stage, and there is no certainty
they will lead to a transaction, the
people said. A spokesman for the
Singapore state investment firm
said Temasek does not comment
on rumours or speculation. A rep-
resentative for CK Hutchison de-
clined to comment.
AS Watson accounted for 37% of
CK Hutchison’s HK$224.5 billion of
revenue for the six months ended
June, the most of any division, its
interim report shows. Its health and
beauty businesses helped the unit’s
sales rise 14% year-on-year, ac-
cording to the report. — Bloomberg
tions on Iran. The company has
long rejected suggestions its gear
poses a risk.
The Kunpeng 920 performs 25%
higher than the industry bench-
mark, operates at a better power
efficiency than its peers and will
boost the development of big data,
the company said.
The company also unveiled a
new server based on the proces-
sors. — Bloomberg
IN BRIEF
Disney ups park
prices by more than
10% to US$150 a day
LOS ANGELES: Walt Disney
Co has raised the cost of at-
tending its California theme
parks during peak times by
more than 10% ahead of the
opening of a new Star Wars
land. The cost for a one-day
ticket during peak times, typi-
cally summers, weekends and
holidays, rose 10.4% to US$149
(RM612.39) from US$135. The
least-expensive daily ticket
rose 7.2% to US$104. The pric-
es apply to both the original
Disneyland in Anaheim, Cali-
fornia, and its sister park, Cal-
ifornia Adventure. Discounts
will be available for multi-day
purchases, military personnel
and Southern California resi-
dents. — Bloomberg
‘Slowdown in technology
cycle will hurt
Asia’s exporters’
HONG KONG: A cooling tech-
nology (tech) cycle will hurt
economic growth in Asia
through weaker exports and
capital investment, with South
Korea taking the biggest hit,
economists at Goldman Sachs
wrote in a note. Chip exports
from the region were up 16.6%
year-on-year in 2018 to the end
of November, accounting for
just over a third of headline ex-
port growth. While Goldman’s
analysts expect the technology
downturn to be benign, with
modest price declines, they
also see a risk that it could be
worse than expected because
of consumers delaying pur-
chases once prices start to fall.
— Bloomberg
Ghosn’s lawyers
to give news
conference today
TOKYO: Lawyers of ousted Nis-
san Motor Co Ltd chairman Car-
los Ghosn are scheduled to give
a news conference today, the
Foreign Correspondents’ Club of
Japan (FCCJ) said on its website
yesterday, their first such public
appearance. The three lawyers,
headed by chief lawyer Motonari
Otsuru, will speak at the FCCJ
hours after Ghosn makes his
first public appearance in seven
weeks at a Tokyo court after he
requested an open hearing to
hear the reason for his contin-
ued detention. — Reuters
Record US$3.1m
paid in New Year’s
tuna auction
TOKYO: A Japanese sushi en-
trepreneur paid a record US$3.1
million (RM12.74 million) for a
giant tuna on Saturday as To-
kyo’s new fish market, which re-
placed the world-famous Tsukiji
late last year, held its first pre-
dawn New Year’s auction. The
enormous 278-kg fish — an en-
dangered species — was caught
off Japan’s northern coast. Ki-
yoshi Kimura, self-styled ‘Tuna
King’, said: “It’s the best tuna. I
was able to buy a delicious, su-
per fresh tuna,” the sushi restau-
rant chain owner proudly told
reporters. — AFP
18 W O R L D B U S I N E S S
UBS planning CEO succession
Chairman Weber says he too is thinking about how to pass the bank over to successors
BY H AI DI LU N, SHERY A HN
& PAT R I CK WI NTERS
HONG KONG/NEW YORK/ZU-
RICH: UBS Group AG is in the early
stages of planning the succession
of Sergio Ermotti, one of European
banking’s longest-serving chief ex-
ecutive officers (CEOs), according
to chairman Axel Weber.
Ermotti, almost eight years on
the job, and Weber himself are at
“a point in time where you need to
start thinking about what is it that
London IPO
activity to stay
subdued in 1Q19
amid Brexit — EY
BY LUCC A DE PAOL I
LONDON: Listings on the Lon-
don Stock Exchange are likely to
remain subdued in early 2019
amid Brexit uncertainty, after fall-
ing in 2018, according to a report
by consulting firm EY.
Last year, 79 companies were
listed in London, raising a total
of £9.5 billion (RM49.8 billion).
That represented a 23% drop in
capital from 2017, when 95 com-
panies raised £12.4 billion.
That trend could continue in
the early part of this year, EY said.
“We expect the first quarter of
2019 (1Q19) to be more subdued
than normal as companies await
the outcome of Brexit negotia-
tions, meaning activity is likely
to be weighted towards the sec-
ond half of the year,” said Scott
McCubbin, a partner of EY’s UK
division.
Despite a drop in initial pub-
lic offering (IPO) activity for the
year as a whole, the final three
months of 2018 saw the highest
number of quarterly listings on
the main exchange since 2014,
suggesting that companies may
be attempting to avoid what is
likely to be a tumultuous start
to this year.
“The final quarter produced
the highest number of main mar-
ket listings in four years, which
could be an indication that is-
suers had brought forward IPOs
from 2019,” McCubbin said. —
Bloomberg
2018 caps worst year in over a decade for UK retailers
BY LISA PHAM & WILLIAM MATHIS
LONDON: Investors looking for re-
lief from the tumult of global mar-
kets may want to avert their eyes
from a report showing that by one
measure, UK retail sales had their
worst year in more than a decade.
Sales of UK brick-and-mortar re-
tail stores fell 1.9% in December on
a like-for-like basis, according to a
you are going to do and how you
are going to pass the bank over
to your successors”, the chairman
told Bloomberg Television in the
bank’s first public confirmation
that it is working on replacing the
CEO. “We are in a very early stage
of those discussions.”
UBS is in early talks with Bank
of America Corp’s ex-investment
banking head Christian Meissner,
49, about succeeding Ermotti, peo-
ple with knowledge of the talks said
last week. UBS is also considering
Eurozone bonds steady as
worst fears about growth abate
BY DHAR A RANASIN G HE
LONDON: Eurozone government
bond yields steadied yesterday from a
sharp sell-off at the end of last week,
sparked by dovish comments from
the US Federal Reserve (Fed) chief,
strong US job data and hopes for a
resolution to the US-China trade spat.
Having fallen sharply on con-
cerns about the outlook for the
world economy, bond yields in Eu-
rope and the US jumped last Friday
after data showed stronger-than-ex-
pected US job growth in December
and Fed chief Jerome Powell said
the US central bank will be patient
report last Saturday from business
advisers of BDO LLP. That capped
the worst year for monthly sales
shrinkage since at least 2006, when
the firm began tracking data com-
ing from about 85 British retailers
with some 10,000 stores.
As more shoppers head online,
there is little escape from the tra-
ditional British industry’s decline.
Even with strong signs emerging
other candidates, the people said.
Weber declined to comment on
Meissner.
Meissner left Bank of Ameri-
ca last year amid a fierce debate
over certain types of deals after
the US lender got burned on a
large margin loan. The tensions,
described at the time by people
familiar with the situation, also
fuelled the departure of other
dealmakers who had grown frus-
trated and believed they could
take greater risks and generate
and sensitive to market risks.
A rebound in oil prices as well
as a firmer tone to stock markets
ahead of trade talks between Chi-
nese and US officials kept bond
markets in a defensive mood.
In Germany, the eurozone’s
benchmark bond issuer, 10-year
bond yields were trading around
0.21% early yesterday — little
changed on the day but up from
more than two-year lows close to
0.15% hit last week.
“From a very short-term per-
spective, it’s not all complete doom
and gloom but at around 20 basis
points, the Bund yield levels suggest
from American retailers’ holiday
season and some UK brands, the re-
port provides scant cheer for storied
British companies, such as Marks &
Spencer group plc, Debenhams plc
and Mothercare plc, which are set
to publish sales numbers this week.
“The shopping spree retail-
ers were hoping for in Decem-
ber didn’t happen,” said Sophie
Michael, BDO’s national head of
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
higher profits elsewhere.
Zurich-based UBS is laying the
groundwork to find a replacement
for Ermotti, 58, after high-profile
departures in the past year or so,
including top dealmaker Andrea
Orcel and wealth management
head Juerg Zeltner.
“Part of what we do as a day-to-
day business is to get as much tal-
ent into the bank as we can — good
people — and in that process, we
are of course interviewing people,”
Weber said. — Bloomberg
there is a lot of scepticism about the
economic outlook and we have had
weaker data from Germany again
today (yesterday),” said DZ Bank
rate strategist Christian Lenk.
“Markets are trying to work out
if this is the start of [a] recession.”
Data showing German industrial
orders fell more than expected in
November highlighted a slowing
momentum in Europe’s power-
house economy.
The market’s worst fears about
the global economic outlook, which
have led to aggressive repricing of
the rate outlook, nevertheless ap-
pear to have subsided. — Reuters
retail and wholesale. “Shoppers
have exercised extreme caution
or shopped strategically online,
seeking out discounts rather than
visiting bricks-and-mortar stores.”
While Next plc’s sales report last
Thursday held some positive signs,
much of the strength came from on-
line sales — store revenue declined
9.2% in the nine weeks ending Dec
29. — Bloomberg
IN BRIEF
Bridgewater’s Pure
Alpha fund said to
return 14.6% last year
NEW YORK: Bridgewater As-
sociates’ flagship hedge fund
rose 14.6% last year as stocks
fell broadly, according to a doc-
ument seen by Bloomberg. The
Westport, Connecticut-based
firm is the world’s biggest hedge
fund with about US$160 billion
(RM657.6 billion) in assets. The
gains for its Pure Alpha Strate-
gy came as other fund manag-
ers were whipsawed by volatile
markets, resulting in the indus-
try posting one of its worst years
ever. Hedge funds on average
lost 6.7% in 2018, according to
the HFRX Global Hedge Fund
Index. That compares with a
4.4% decline for the S&P 500
Index of stocks. — Bloomberg
German factory orders
slip as euro area
demand deteriorates
FRANKFURT: German factory
orders fell more than expected
in November, though the num-
bers were distorted by airplane
orders that masked signs of
underlying momentum. Or-
ders slid 1% from October, and
posted a year-on-year decline
of 4.3%, the biggest in more
than six years. The monthly
decline was exacerbated by a
jump in aircraft orders in Oc-
tober, as well as weakness in
the euro area. While there are
questions over the outlook for
the German economy, the euro
area’s biggest, the Bundesbank
has long expressed confidence
that it will overcome the slump
seen in mid-2018. — Bloomberg
Norwegian Air passenger
growth slows, hedging
loss mounts
OSLO: Budget carrier Norwe-
gian Air posted smaller-than-ex-
pected passenger growth in De-
cember and additional losses on
fuel hedging, its monthly traffic
report showed yesterday. Nor-
wegian, which has been court-
ed by British Airways owner
IAG, has rapidly expanded its
transatlantic business in recent
years but has struggled to turn
a profit. It expanded capacity
in December by 34% year-on-
year but revenue-generating
passenger kilometres increased
by only 24%, lagging a forecast
of 32.9% in a Reuters poll of an-
alysts. — Reuters
Aldi UK says sales rose
10% in Christmas week
LONDON: Aldi UK, the British
arm of the German discount
supermarket, said yesterday
its sales increased 10% in the
key Christmas week, driven by
demand for premium ranges.
The firm, the UK’s fifth biggest
grocery chain, said its sales in-
creased to almost £1 billion
(RM5.25 billion) in Decem-
ber. Aldi, along with rival Ger-
man discounter Lidl, has been
winning UK market share from
Britain’s big four grocers —
market leader Tesco, Sains-
bury’s, Asda and Morrisons. Its
share was 7.6%, according the
latest industry data. — Reuters
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
May fights for
Brexit deal,
warns of second
referendum risk
BY A L EX MORA L ES & TI M ROSS
LOND ON: Theresa May
stepped up her battle to per-
suade her opponents in Par-
liament to back her Brexit
deal, warning the UK will be
in “uncharted territory” if they
reject her plan in a key vote
this month.
The prime minister on Sun-
day outlined a three-pronged
campaign to win support for
the agreement she has struck
with the European Union (EU),
proposing to give Parliament a
bigger say over the future trade
terms with the bloc, promising
to say how the deal will work in
Northern Ireland and seeking
fresh assurances from the EU.
With less than three months
to go until Britain’s scheduled
departure from the EU, there
is still no clarity on what will
happen. May’s deal, brokered
over 18 months of painstaking
negotiations with the bloc’s
envoys, looks almost certain to
fall in Parliament. That would
put the country on track to
tumble out of the bloc with-
out a deal, putting jobs and
the economy at risk as new
tariffs and bureaucratic bar-
riers strangle trade with the
continent.
“If the deal is not voted on
at this vote that’s coming up,
then actually we’re going to be
in uncharted territory,” May
said on the BBC’s Andrew Marr
Show. “I don’t think anybody
can say exactly what will hap-
pen in terms of the reaction
that we’ll see in Parliament.”
If she fails to secure the sup-
port of the House of Commons
in the vote this month, May
suggested Brexit without a deal
would be in the cards — some-
thing analysis by the Treasury
and the Bank of England sug-
gests could be economical-
ly devastating. She even left
open the dramatic option of
a second referendum while
insisting she doesn’t want one.
Aware of the risks, lawmak-
ers are mounting a rear-guard
attempt to thwart the chance
of a no-deal Brexit. More than
200 members of both the Con-
servatives and opposition par-
ties have signed a letter to May
calling on her to rule the op-
tion out, and others are seek-
ing to amend legislation to
make it less likely that Britain
will tumble out of the bloc. —
Bloomberg
US and North Korean officials discuss second Trump-Kim summit
BY J OYC E L EE
SEOUL: US State Department of-
ficials recently met multiple times
with North Korean counterparts in
Hanoi and discussed planning a sec-
ond summit between US President
Donald Trump and North Korean
‘Top Xi aide shows
up at trade talks’
Liu’s presence signals the event is important to China
BY HAZE FAN & P ETE R M ARTI N
BEIJING: Chinese Vice Premier
Liu He (pic) unexpectedly attend-
ed the first day of talks aimed at
resolving the trade dispute be-
tween the world’s two biggest
economies, according to people
familiar with the matter and
a photo seen by Bloomberg.
Liu is the top economic
adviser to Chinese Presi-
dent Xi Jinping, who led
previous negotiations
in Washington that pro-
duced a deal that US Pres-
ident Donald Trump then
repudiated. China
had previously
said the talks
would be
led by a low-
US Navy ship sails in disputed
South China Sea amid trade talks
BY P HILIP STEWART
& CHRISTIAN SHEPHE RD
WASHINGTON/BEIJING: A US
guided-missile destroyer sailed
near the disputed Paracel Islands
in the South China Sea claimed
by China as US officials join talks
in Beijing during a truce in a bit-
ter trade war.
The USS McCampbell carried
out a “freedom of navigation”
operation, sailing within 12 nau-
tical miles of the Paracel Island
chain, “to challenge excessive
maritime claims”, Pacific Fleet
spokesman Rachel McMarr said
in an emailed statement.
The operation was not about
any one country or to make a po-
litical statement, McMarr said.
The statement comes as
trade talks between China
and the US are under way in
Beijing, the first round of face-
to-face discussions since both
sides agreed to a 90-day truce
in a trade war that has roiled
international markets.
China and the US have in the
leader Kim Jong-un, a South Kore-
an newspaper reported yesterday.
US officials discussed the sched-
ule for the second Trump-Kim sum-
mit while in contact with North
Korean officials in the Vietnamese
capital city, fuelling speculation
that Vietnam could host the event,
er-ranking official from the Min-
istry of Commerce.
It’s unclear how long Liu
stayed, or what he discussed. The
Ministry of Commerce didn’t im-
mediately respond to a fax seeking
comment on Liu’s appearance. US
Trade Representative Robert
Lighthizer is expected to
meet with Liu later this
month, a person famil-
iar with the situation
said last week.
Liu’s participa-
tion in the meeting,
held at the ministry’s
premises, signals
that China
is attach-
ing high
impor-
tance to
REUTERS
Filepic of guided-missile destroyer USS McCampbell transiting the western Pacific
Ocean. Photo by Reuters
past repeatedly traded barbs
over what Washington says is
Beijing’s militarisation of the
South China Sea by building
military installations on artifi-
cial islands and reefs.
China defends its construction
the Munhwa Ilbo reported, citing
unnamed diplomatic sources in
Seoul and Washington.
Vietnam has diplomatic rela-
tions with both the US and North
Korea, with North Korea maintain-
ing a diplomatic office in Vietnam,
and has the symbolic significance
the talks, even if the main par-
ticipants this time are mid-level
officials and mostly technical in
nature. While markets have ral-
lied the past few sessions, a wider
downturn over the past month
and a deepening economic slow-
down are increasing pressure
for a deal.
The talks are the first face-to-
face interactions between the US
and China since both presidents
met in Argentina and agreed a
temporary truce in their tit-for-
tat tariff war. More senior-level
discussions are expected later
this month, with the South Chi-
na Morning Post reporting that
Trump and Chinese Vice Presi-
dent Wang Qishan may meet at
the World Economic Forum in
Davos, Switzerland. — Bloomberg
as necessary for self-defence and
says that it is rather Washington
that is responsible for ratchet-
ing up tensions in the region by
sending warships and military
planes close to islands Beijing
claims. — Reuters
of a communist country that has
reformed its economy, the news-
paper reported.
On Sunday, Trump told report-
ers in Washington that the US and
North Korea are “negotiating a lo-
cation” for a second summit. —
Reuters
W O R L D 19
IN BRIEF
Singapore’s Lee
family feud re-emerges
with Facebook post
SINGAPORE: Singapore Prime
Minister Lee Hsien Loong’s sib-
lings have brought a family feud
back into the public domain via
Facebook, after the state counsel
asked the Law Society to look
into possible misconduct by
the premier’s sister-in-law. The
Attorney-General’s Chambers
(AGC) has referred a case of
possible professional miscon-
duct involving Lee Suet Fern of
Morgan Lewis Stamford LLC
to the Law Society, it said in
a statement yesterday. Hours
before the AGC’s statement, its
actions had been publicised by
Lee Wei Ling, the current prime
minister’s sister, in a Facebook
post on Sunday night. Suet Fern,
who is married to the prime
minister’s younger brother Lee
Hsien Yang, appears to have
prepared the last will of former
premier Lee Kuan Yew even
though her husband is a son
of the late prime minister and
a beneficiary. That appears to
breach conduct rules of the legal
profession, it said. — Bloomberg
Injunction filed with Thai
court to prevent Saudi
woman’s deportation
BANGKOK: An injunction has
been filed at Bangkok’s Criminal
Court to prevent a Saudi wom-
an held in Thailand’s airport
from being deported, a lawyer
said yesterday. Eighteen-year-
old Saudi Rahaf Mohammed
al-Qunun said she was flee-
ing her “abusive” family while
travelling in Kuwait, and had
flown to Thailand in the hopes
of reaching Australia to seek
asylum. But she was stopped on
Sunday when she deplaned in
Bangkok’s Suvarnabhumi air-
port by Kuwaiti and Saudi em-
bassy officials, she said. — AFP
US says suspected ‘USS
Cole’ bombing planner
killed in Yemen strike
WASHINGTON: Jamal al-Bad-
awi, wanted by the US for his
suspected role in the attack
on the USS Cole 18 years ago,
was killed in a precision strike
in Yemen on Jan 1, US Central
Command said on Sunday.
Badawi was indicted by a fed-
eral grand jury in 2003 over his
role in the October 2000 dead-
ly bombing of the USS Cole, a
Navy guided-missile destroyer.
It is the latest blow to Yemen’s
al-Qaeda branch. — Reuters
Biden nearing decision on
2020 White House bid —
report
WASHINGTON: Former US vice
president Joe Biden is nearing
a decision about a 2020 White
House bid and telling allies he
does not think other poten-
tial Democratic candidates can
defeat US President Donald
Trump, The New York Times
reported on Sunday. Biden said
he will likely decide within the
next two weeks, the newspaper
said, citing unnamed Demo-
crats who have spoken to him
recently. — Bloomberg
20 F E AT U R E
Chinese tech investors
fleeing Silicon Valley
Venture funding in US start-ups has slowed to a trickle as Trump tightens scrutiny
BY HEATHER SOMERVILLE
N
ew Trump admin-
istration policies
aimed at curbing
China’s access to
American innova-
tion have all but
halted Chinese investment in US
technology start-ups, as both inves-
tors and start-up founders abandon
deals amid scrutiny from Wash-
ington.
Chinese venture funding in US
start-ups crested to a record US$3
billion last year, according to New
York economic research firm Rho-
dium Group, spurred by a rush
of investors and tech companies
scrambling to complete deals be-
fore a new regulatory regime was
approved last August.
Since then, Chinese venture
funding in US start-ups has slowed
to a trickle, Reuters interviews with
more than 35 industry players show.
US President Donald Trump
signed new legislation expanding
the government’s ability to block
foreign investment in US compa-
nies, regardless of the investor’s
country of origin. But Trump has
been particularly vocal about stop-
ping China from getting its hands
on strategic US technologies.
The new rules are still being fi-
nalised, but tech industry veterans
said the fallout has been swift.
“Deals involving Chinese com-
panies, Chinese buyers and Chinese
investors have virtually stopped,”
said attorney Nell O’Donnell, who
has represented US tech companies
in transactions with foreign buyers.
Lawyers who spoke to Reuters
say they are feverishly rewriting
deal terms to help ensure invest-
ments get the stamp of approval
from Washington. Chinese inves-
tors, including big family offices,
have walked away from transac-
tions and stopped taking meetings
with US start-ups. Some entrepre-
neurs, meanwhile, are eschewing
Chinese money, fearful of lengthy
government reviews that could sap
their resources and momentum in
an arena where speed to market
is critical.
Volley Labs Inc, a San Francis-
co-based company that uses artifi-
cial intelligence (AI) to build corpo-
rate training materials, is playing it
safe. It declined offers from Chinese
investors last year after accepting
cash from Beijing-based TAL Edu-
cation Group as part of a financing
round in 2017.
“We decided for optical reasons
it just wouldn’t make sense to ex-
pose ourselves further to investors
coming from a country where there
is now so much by way of trade ten-
sions and IP [intellectual property]
tensions,” said Carson Kahn, Vol-
ley’s chief executive officer.
A Silicon Valley venture cap-
italist told Reuters he is aware of
at least 10 deals, some involving
companies in his own portfolio,
that fell apart because they would
need approval from the interagency
group known as the Committee on
Foreign Investment in the US (CFI-
US). He declined to be named for
fear of bringing negative attention
to his portfolio companies.
CFIUS is the government group
tasked with reviewing foreign in-
vestment for potential national se-
curity and competitive risks. The
new legislation expands its powers.
Among them: the ability to probe
transactions previously exclud-
ed from its purview, including at-
tempts by foreigners to purchase
minority stakes in US start-ups.
China is in the crosshairs. The
Asian giant has been an aggressive
investor in technology deemed criti-
cal to its global competitiveness and
military prowess. Chinese investors
have bought stakes in ride-hailing
firms Uber Technologies Inc and
Lyft, as well as companies with more
sensitive technologies including
data centre networking firm Bare-
foot Networks, autonomous driving
start-up Zoox and speech recogni-
tion start-up AISense.
A dearth of Chinese money is
unlikely to spell doomsday for Sil-
icon Valley. Investors worldwide
poured more than US$84 billion
into US start-ups for the first three
quarters of last year, exceeding any
prior full-year funding, according
to data provider PitchBook Inc.
Still, Chinese funders are critical
to helping US companies gain ac-
cess to the world’s second-largest
economy. Volley’s Kahn acknowl-
edged that rejecting Chinese in-
vestment may make his start-up’s
overseas expansion more difficult.
“Those of us who are operators
and entrepreneurs feel the brunt of
these tensions,” Kahn said.
It is a radical shift for Silicon Val-
ley. Money has historically flowed
in from every corner of the globe,
including from geopolitical rivals
such as China and Russia, large-
ly uninhibited by US government
scrutiny or regulation.
Reid Whitten, an attorney with
Sheppard Mullin, said that of the six
companies he recently advised to
get CFIUS approval for their invest-
ment offers, only two have opted
to file the paperwork. The others
abandoned their deals or are still
considering whether to proceed.
“It is a generational change in
the way we look at foreign invest-
ment in the United States,” Whit-
ten said.
Critical technologies
The decline in Chinese investment
comes amid heightened tensions
between Beijing and Washington.
Trump has blasted China for its
enormous trade surplus and for
what he claims are its underhanded
strategies to obtain leading-edge
American technology.
The nations have already levied
billions in tariffs on each other’s
goods. And Trump is considering
an executive order to bar US com-
panies from using telecommunica-
tions equipment made by China’s
Huawei and ZTE, which the US
government has accused of spying.
CFIUS is emerging as another
powerful cudgel. Led by the US
Treasury, it includes members from
eight other government entities,
including the departments of de-
fence, state and homeland security.
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
The secretive committee does not
disclose much about the deals it
reviews. But its most recent annual
report said Chinese investors made
74 CFIUS filings from 2013 to 2015,
the most of any nation. The presi-
dent has the authority to make the
final decision, but a thumbs-down
from CFIUS is usually enough to
doom a deal.
Washington demonstrated its
tougher stance even before the new
law was passed, when Trump in
March blocked a US$117 billion
hostile bid by Singapore-based
Broadcom Ltd to acquire Qual-
comm Inc of San Diego. CFIUS said
the takeover would weaken the US
in the race to develop next-gener-
ation wireless technology.
A White House spokesman did
not respond to a request for com-
ment.
In November, CFIUS rolled out
a pilot programme mandating that
foreign investors notify the commit-
tee of any size investment in certain
“critical technologies”. The scope of
that term is still being defined, but
a working list includes AI, logistics
technology, robotics and data an-
alytics — the bread and butter of
Silicon Valley.
Research firm Rhodium pre-
dicted that up to three-quarters
of Chinese venture investments
would be subject to CFIUS review
under the new rules.
Just the threat of that scrutiny
has caused some Chinese investors
to reconsider.
Peter Kuo, whose firm, Silicon
Valley Global, connects Chinese
investors with US start-ups, said
his business has slumped dramat-
ically. In 2018, he said not a single
Chinese investor took a stake in the
companies he shopped to them.
“CFIUS didn’t kill our organisa-
tion, but it hampered a lot of start-
ups, and most of them are American
start-ups,” Kuo said.
Safe side of the fence
Some security experts applaud what
they call long-overdue protections
for US start-ups.
“What we are concerned about
is a limited number of bad actors
who are phenomenally clever about
how they can access our intellectu-
al property,” said Bob Ackerman,
founder of AllegisCyber, a venture
capital firm based in San Francisco
and Maryland that backs cyberse-
curity start-ups.
Rhodium calculates that, on aver-
age, 21% of Chinese venture invest-
ment in the US from 2000 through
2017 came from state-owned funds,
which are controlled at least in part
by the Chinese government. In 2018,
that figure surged to 41%.
But some tech industry players
say Washington is casting too wide
a net in its zeal to check Beijing.
“A lot of innocent business peo-
ple are getting caught up in the ad-
ministration’s spat with China,” said
Wei Guo, the China-born found-
ing partner of Silicon Valley firm
UpHonest Capital, whose funding
comes mostly from foreign inves-
tors with ties to China.
Adding to Silicon Valley’s anxie-
ty, the Federal Bureau of Investiga-
tion (FBI) has taken a more active
role in policing Chinese investment.
Two industry veterans, a start-
up adviser and a venture capitalist
who declined to be identified be-
cause of the sensitivity of the mat-
ter, told Reuters they were recently
cautioned by the FBI not to pur-
sue deals with Chinese investors.
The two people did not name the
Chinese entities of interest to the
FBI, but said the deals concerned
US companies building AI and au-
tonomous driving technologies.
Whether any of this deters China
from reaching its goal of dominating
advanced technologies remains to
be seen. China can still invest in US
technology through layers of funds
that obscure the money source. And
Chinese investors are redirecting
funds to promising companies in
Southeast Asia and Latin America.
US start-ups, meanwhile, are re-
writing deal terms to avoid a CFIUS
review. Strategies include adding
provisions to prevent foreign in-
vestors from obtaining proprietary
technical information, and denying
them board rights, veto rights or
additional equity in future rounds,
attorneys told Reuters.
“People are rightfully concerned
about making sure they are on the
safe side of the fence,” said Jeff Far-
rah, general counsel of the National
Venture Capital Association. —
Reuters
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 21
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SOPHI YA SABAPATHY
WORK. LIFE. BALANCE
JOIN Giorgi Mikadze who is Georgian pianist
and composer. He is directing a project of his,
Voisa, which consists of his all-star band and
ensemble, Basiani, with has a big reputation
of performing old and historic Georgian
songs and chants. It will be held today at
9pm in No Black Tie, 17, Jalan Mesui, off
Jalan Nagasari, Bukit Bintang, Kuala Lumpur.
Tickets are priced at RM53 and available at
noblacktie.com.my.
WHEN teenagers Harry and June run away
from their repressive families to be together,
they are derailed by June’s ability to shape-
shift in The Innocents. A scientist tries to
capture her and discover the key to her
power. Available an netflix.com.
THIS book is an illustrated response, by
Khaled Hosseini, regarding the tragic human
realities of the refugee crisis that has been
presented in a father’s letter to his son on the
eve of a dangerous sea crossing as he reflects
on their life before the war in Syria. Available
for RM75.19 at malaysia.kinokuniya.com.
Lady Gaga winner for
Best Original Song,
Shallow, from A Star
is Born at the 76th
annual Golden Globe
Awards in Beverly
Hills, California on
Sunday. Photos by
AFP
STARS SPARKLE ON
GOLDEN GLOBES RED CARPET
Catch some trends from
the first showbiz awards
gala of 2019
BY KATI E S C HU BAU E R
A
year ago, the Golden Globes
red carpet was a total
blackout as Hollywood’s
A-listers drew attention to
the problem of sexual har-
assment in the entertain-
ment and other industries.
On Sunday, the message remained, but
the sartorial choices were far more diverse.
Here is a look at some trends from the
Globes, the first showbiz awards gala of 2019:
Pops of colour
Every colour of the rainbow was on dis-
play at the Beverly Hilton, from the canary
yellow on winner Rachel Brosnahan (The
Marvelous Mrs Maisel) and nominee Claire
Foy (First Man) to the bold blue-green
gown worn by presenter Allison Janney.
Lady Gaga — winner for best original song
for her hit Shallow from A Star is Born —
stunned in an strapless periwinkle Valentino
gown with full puff sleeves and a long train.
She even had blue hair in a bun to match.
A giant diamond choker completed
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
her look — seemingly a throwback to Judy
Garland’s style in the 1954 version of Star.
Melissa McCarthy, a nominee in the best
drama actress category for Can You Ever
Forgive Me? sparkled in deep purple with
silver star accents, while best supporting
actress winner Regina King (If Beale Street
Could Talk) glittered in a shimmering,
strapless pink column gown.
Nicole Kidman, always a red carpet
darling, wore a long-sleeve, floor-length,
form-fitting Michael Kors gown in deep
burgundy. But the best bit was her disco
ball of a handbag.
Men rock the rainbow too
The basic black tux was definitely out on
the Globes carpet, with Tinseltown’s stars
sporting jackets in a rainbow of colours.
British star Idris Elba slayed in an emer-
ald green jacket, waistcoat and shoes, while
nominee Darren Criss (The Assassination
of Gianni Versace: American Crime Story)
opted for a black and white floral pattern. Brosnahan winner for best TV musical or
Star director/actor Bradley Cooper went comedy actress in ‘The Marvelous Mrs Maisel’ at
for a classic white dinner jacket, and nom- the Golden Globe Awards at the Beverly Hilton
inated director Spike Lee rocked up in hotel in Beverly Hills, California on Sunday.
head-to-toe purple, including his beret.
Best supporting actor winner Mahersh-
ala Ali (Green Book) paired a blue paisley workplace was launched. After last year’s
scarf with his tux. all-black statement, this year is all about
the bracelets.
Time’s Up, year two White and black “Time’s Up X 2” brace-
It has been a year since the Time’s Up move- lets were seen on everyone from King
ment to combat sexual harassment in the to Elba.
Others wore pins, or carried ribbons with
the message attached to their handbags,
like winner Olivia Colman (The Favourite).
Old Hollywood
Globes host Sandra Oh, who won an award
Elba (centre) with for her star turn in BBC America TV thriller
his daughter Isan Killing Eve, swooped her hair into finger
(right), one of this waves a la Veronica Lake and donned a
year’s Golden Globe white-hot Versace gown for the red carpet
ambassadors, and — oozing the glamour of old Hollywood.
his fiancee Sabrina Amy Adams — a double acting nomi-
Dhowre. nee for her work in biopic Vice as the wife of
former vice president Dick Cheney and on
dark HBO drama Sharp Objects — wowed
in a simple turquoise, off-the-shoulder
Calvin Klein gown, her red hair also side-
swept into soft curls. — AFP
 live it! 23
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

ARTS BY L AUR ENT BANGUET

Bohemian Rhapsody rocks Golden Globes with surprise coda

PHOTOS BY AFP
BOHEMIAN Rhapsody pulled a major
upset at the close of the Golden Globes
on Sunday, taking home the final two
top prizes to put itself into the Oscars
conversation along with Green Book
and Roma.
On a night of wins for movies repre-
senting minorities, two awards favour-
ites about white people — Dick Cheney
biopic Vice and musical romance A Star
is Born — all but struck out, with each
picking up just one trophy in the run-up
to the all-important Oscars on Feb 24.
Bohemian Rhapsody — which charts
the rise of British rock group Queen —
picked up Best Actor for Rami Malek,
who plays legendary frontman Freddie
Mercury. It also bagged the biggest movie
award of the night — Best Drama.
“I am beyond moved. My heart is
pounding out of my chest right now,”
said Malek, whose list of people to thank
included the Queen singer, who died
in 1991.
“Thank you to Freddie Mercury for 02
giving me the joy of a lifetime. I love
you, you beautiful man. This is for and
because of you, gorgeous.”
The two trophies were the final prizes
in a ceremony that had been expected
to be a consecration for A Star is Born —
starring Lady Gaga and Bradley Cooper in
the age-old Hollywood fable of an ailing 01
performer and his muse — which went
into the night with five nods.
Star had to content itself with a stat- 01. Malek (centre) posing with Queen band members
uette for Best Song, which went to Lady Roger Taylor (right) and Brian May during the GOLDEN GLOBE WINNERS
Gaga and writing partner Mark Ronson, Golden Globe Awards in Beverly Hills, California
while Christian Bale — who plays Cheney on Sunday.
— picked up the solo gong for Vice. Best Film, Drama
Civil rights dramedy Green Book was 02. Best Actress in Drama winner Glenn Close for The Bohemian Rhapsody
the numerical winner — if not the pres- Wife posing with the trophy at the Golden Globe Best Film, Musical or Comedy
tige player — picking up awards for Best Awards in Beverly Hills, California on Sunday. Green Book
Comedy Movie, Best Supporting Actor Best Actor, Drama
Mahershala Ali and Best Screenplay. 03. Best TV Drama Actor winner Richard Madden for Rami Malek, Bohemian Rhapsody
The boozy gala at the Beverly Hilton Bodyguard posing with the trophy at the Golden Best Actress, Drama
also recognised Alfonso Cuaron’s Roma, Globe Awards in Beverly Hills, California on Sunday. Glenn Close, The Wife
a cinematic ode to his childhood in 1970s Best Actor, Musical or Comedy 03
Mexico City, with Best Director and For- 04. Cuaron posing with the trophies at the Golden Globe Christian Bale, Vice
eign Film honours, while seven movies Awards in Beverly Hills, California on Sunday. Best Actress, Musical or Comedy
bagged one statuette each. Olivia Colman, The Favourite
“Cinema at its best builds bridges to 05 (From left) Viggo Mortensen, Peter Farrelly, Linda Best Director
other cultures,” Cuaron told the audience. Cardellini and Ali posing with the trophies for Best Alfonso Cuaron, Roma
“We need to understand how much we Screenplay film Green Book at the Golden Globe Best Foreign Language Film
have in common.” — AFP Awards in Beverly Hills, California on Sunday. Roma (Mexico)
Best Screenplay
Green Book — Nick Vallelonga,
Brian Currie and Peter Farrelly
Best Original Song
Shallow (from A Star Is Born)
— Lady Gaga, Mark Ronson, Anthony
Rossomando, Andrew Wyatt
Best TV Drama Series
The Americans (FX)
Best TV Drama Actor
Richard Madden, Bodyguard
Best TV Drama Actress
Sandra Oh, Killing Eve
Best TV Musical or Comedy Series
The Kominsky Method (Netflix)
Best TV Musical or Comedy Actor
Michael Douglas, The Kominsky
Method
Best TV Musical or Comedy Actress
Rachel Brosnahan, The Marvelous Mrs.
Maisel
Best TV Limited Series or TV Movie
The Assassination of Gianni Versace:
American Crime Story (FX)

SOURCE: AFP
05 04
2 4 S P O RT S
Schauffele embraces
underdog mentality
His next start will be at the Farmers Insurance Open in San Diego
BY B E N E VERI L L
KAPALUA, Hawaii: Four PGA
TOUR wins. One of them a World
Golf Championship. Another the
TOUR Championship. This latest
one — against a stacked field of win-
ners at the Sentry Tournament of
Champions.
He is a former PGA TOUR Rookie
Of The Year. He currently leads the
FedExCup. He is moved to sixth in
the world rankings.
He is drawn on the underdog
mentality his whole life. And it
works.
On Sunday he was a rank-out-
sider when he bogeyed the open-
ing hole and sat six shots back of
the lead at the Plantation Course.
“You kind of look around and winning the Sentry Tournament of
realise you have nothing to lose,” Champions at the Plantation Course
he said.
“All of my wins have been from Lahaina, Hawaii. Photo by AFP
behind. This was in sort of dramatic
fashion and it turned into a birdie
fest coming down the stretch.”
A birdie fest is an understate- eight birdies for a course record
ment.
Schauffele played his last 16 holes
Hirscher wins
World Cup
slalom event
ZAGREB: Austrian Marcel Hir-
scher won the World Cup slalom
event in Zagreb for the fifth time
as his chief rival in the standings
Marco Schwarz failed to finish
the second run.
Hirscher, who trailed com-
patriot Schwarz after the first
run, completed the two runs in
1 minute 48.64 seconds. Alexis
Pinturault was second 0.60 sec-
ond behind. The Frenchman
has been fifth after the first run.
It was Hirscher’s 64th win in
his World Cup career.
Another Austrian, Manuel
Feller, was third, 0.62 second
behind the winner.
“It is good to be back in the
finish area,” the 29-year-old Aus-
trian told reporters.
“I knew it would be great to
score some points today (Sun-
day). It was a hard day of work-
ing. I’m supper happy that I
finished the race.”
The defending seven-time al-
pine skiing Crystal Globe holder
was knocked out in the parallel
slalom quarter-finals in Oslo
on New Year’s Day by Briton
Dave Ryding.
“I’m expecting that I can
keep the pace as high in the
last seasons but it’s not easy,”
Hirscher said. — AFP
Schauffele posing with the trophy after
at Kapalua Golf Club on Sunday in
in 12 under par with two eagles and
tying 62.
He had an 11ft eagle putt on the
Binotto to replace Arrivabene
as Ferrari F1 boss — report
BY ALAN BALDW IN
LONDON: Ferrari are set to replace
Formula One (F1) team boss Maur-
izio Arrivabene with technical head
Mattia Binotto (pic) after failing to
win any titles last year, Italy’s Gazzet-
ta dello Sport reported yesterday.
The sports daily, in a front-page
story, said a formal announcement
could come by the end of the day.
The official F1 website also picked
up the report.
A team spokesman said he was
not aware of anything imminent,
however.
Ferrari won six of the 21 races
last season but their title challenge
Modi and stars praise India’s historic win
NEW DELHI: Praise and congrat-
ulations poured in for Virat Kohli’s
India yesterday after the tourists
won their first-ever Test series in
Australia, underlining their world
No 1 ranking.
India clinched the series 2-1
after the fourth and final Test was
called off due to rain in Sydney,
confirming their first win in Austral-
ia since they began touring Down
Under in 1947-48.
“A historic cricketing accom-
Official World Golf Ranking
POS PLAYER
1 Brooks Koepka
2 Justin Rose
3 Dustin Johnson
4 Justin Thomas
5 Bryson DeChambeau
6 Jon Rahm
7 Francesco Molinari
8 Rory McIlroy
9 Tony Finau
10 Xander Schauffele
Source: www.PGATOUR.com
last to break it with a 61 but it slid by.
“I shot two under and it felt like
an 80 next to him,” playing partner
Marc Leishman said.
So now what for Schauffele? What
other ways can he convince himself
he is the underdog?
His next start will be at the Farm-
ers Insurance Open in San Diego
where he grew up and went to col-
lege.
He has played three times and
missed the cut in all three — some-
evaporated in the second half of the
year and Mercedes won both the
drivers’ and constructors’ crowns
for the fifth year in a row.
Arrivabene’s tenure has looked
uncertain for some time, with re-
ports as far back as October, 2017
suggesting Binotto could replace
the former Philip Morris mar-
keting executive.
Strategic blunders by
the team last year only in-
creased the pressure.
The autosport.com web-
site reported Arriva-
bene’s ousting had
been confirmed by
senior sources with-
plishment in Australia!” Prime Min-
ister Narendra Modi wrote on his
official Twitter handle.
“Congratulations to the Indian
Cricket Team for the hard-fought
and richly deserved series victory.
The series witnessed some mem-
orable performances and solid
teamwork.”
Batting legend Sachin Ten-
dulkar called it “an amazing day
for Indian cricket. #TeamIndia has
made this a series to be cherished.
T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
POINTS
COUNTRY AVERAGE
USA 9.62
ENG 9.61
USA 8.24
USA 7.87
USA 6.91
ESP 6.45
ITA 6.00
NIR 5.97
USA 5.54
USA 5.49
thing he is very determined to rectify.
And he wants to do it in style.
“The next step in my career is
to learn to be cool under the gun,
having a lead and maintaining it,”
he says.
“These are all stepping stones in
the right direction and I think the
end goal is for me to be able to go
wire-to-wire and obviously a major
would be nice but go wire-to-wire
and show myself that I got the nerve
to do it.” — www.PGATOUR.com
in the team and said Elkann had
decided Binotto was the right man
to lead the team forward.
The Ferrari veteran, who has ris-
en through the ranks to technical
director and overseen a big step up
in engine performance, has also
reportedly been a target for rival
constructors.
Ferrari’s drivers for the
2019 season are four-times
world champion Sebas-
tian Vettel, runner-up to
Mercedes’ Lewis Hamilton
last year, and Monaco’s
Charles Leclerc who
has replaced Kimi
Raikkonen. — Reuters
Proud of the boys.”
He singled out for praise Chet-
eshwar Pujara after his 521 runs
in four matches won him man of
the series. “Test match batting at
its best by Pujara. @cheteshwar1
has been the difference between
the 2 teams for me. To be able to
bat for such long periods of time
is a testament to his concentration
and understanding of the game,”
Tendulkar wrote on Twitter after
Pujara’s Sydney knock. — AFP
IN BRIEF
FA to probe Tottenham
Ladies player’s ‘monkey
noise’ claims
LONDON: England’s govern-
ing Football Association (FA)
is to investigate allegations of
“monkey noises” made towards
Tottenham Hotspur Ladies de-
fender Renee Hector by an un-
named Sheffield United player.
Hector said the incident took
place during Spurs’ 2-1 win
away to the Blades on Sunday
in the FA Women’s Champion-
ship, the division below the elite
Women’s Super League. “Such a
shame that racism seems to be
rising up again in football — I re-
ceived some monkey noises to-
day from an opposition player,”
the 23-year-old Hector tweeted
after the match. “The only re-
action was to let the football
do the talking and that we did,
great start to the year!” — AFP
Real Madrid confirm
Brahim Diaz transfer
from Manchester City
MADRID: Real Madrid have
signed Brahim Diaz from
Manchester City, the Europe-
an champions confirmed on
Sunday. Diaz, a 19-year-old
winger, has agreed to a contract
for six and a half years with
Real and would have under-
gone medical yesterday, be-
fore being officially unveiled at
the Santiago Bernabeu. A Real
Madrid statement read: “Real
Madrid and Manchester City
have agreed to the transfer of
the player Brahim Diaz, who
will be linked to the club for
the remainder of the season
and the next six, until June 30,
2025.” — AFP
Japan’s Kobayashi seals
Four Hills Grand Slam
BISCHOFSHOFEN, Austria:
Japan’s Ryoyu Kobayashi on
Sunday became only the third
man to complete a clean sweep
of the prestigious Four Hills ski
jumping tournament when he
clinched the final leg in Bischof-
shofen. The 22-year-old follows
Sven Hannawald (2001/2002)
and Kamil Stoch (2017/2018)
in achieving the Grand Slam.
After his wins in Oberstdorf,
Garmisch-Partenkirchen and
Innsbruck, Kobayashi glided to
victory again on Sunday with
jumps of 135m and 137.5m to
finish ahead of Austria’s Ste-
fan Kraft and Stephan Leyhe
of Germany. — AFP
Thailand axe coach
Rajevac after Asian Cup
horror show
ABU DHABI: Thailand have
fired coach Milovan Rajevac
following a humiliating 4-1
thrashing by India in their
opening Asian Cup game at
the weekend. The 65-year-old
Serb, who took charge of Thai-
land in 2017, paid the price af-
ter the War Elephants conced-
ed three second-half goals to
slump to a shock defeat in Abu
Dhabi on Sunday. Thai football
chiefs took a dim view of their
Group A flop and acted swiftly
to remove Rajevac the morning
after. — AFP
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.315 0.220 0.255 0.240 0186 PTRANS 0.240 -0.005 9673.8 0.244 8.76 3.96 341.5
Sectorial Movement 1.049 0.700 0.750
1.653 0.920 1.350
0.730
1.300
7134
7237
PWF
PWROOT
0.750
1.310
0.040
-0.010
124.9
63.5
0.748 10.93
1.324 40.06
4.00
4.50
130.5
526.9
7.630 4.244 6.760 6.450 7084 QL 6.650 -0.050 986.2 6.592 51.71 0.68 10,789.2
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.600 0.340 — — 9946 REX 0.415 — — — — — 102.3
FBM KLCI 1,679.17 9.39 0.56 CONSTRUCTION 164.47 6.65 4.21 0.267 0.180 0.200 0.190 0037 RGB 0.195 0.005 3324.1 0.195 9.07 3.13 300.1
FBM ACE 4,394.62 100.19 2.33 CONSUMER PRODUCTS & SERVICES 652.69 4.18 0.64
0.880 0.678 0.750 0.740 5278 RHONEMA 0.740 -0.020 30 0.745 11.90 6.15 135.1
1.250 0.350 0.425 0.385 0183 SALUTE 0.405 0.020 354.5 0.413 21.66 5.93 157.1
FBM TOP 100 11,400.35 77.01 0.68 ENERGY 832.44 8.46 1.03 0.415 0.115 0.415 0.355 9113 SANBUMI 0.415 0.070 13020.8 0.386 — — 93.9
FBM EMAS 11,499.22 86.20 0.76 FINANCIAL SERVICES 17,359.56 117.77 0.68 0.705 0.200 0.235 0.215 5252 SASBADI 0.230 0.015 2682.6 0.225 46.94 2.91 96.4
0.520 0.280 — — 5157 SAUDEE 0.330 — — — — — 43.7
FBM MID 70 13,168.15 144.35 1.11 HEALTH CARE 1,295.23 -10.93 -0.84
0.675 0.577 0.650 0.640 9792 SEG 0.640 UNCH 103 0.642 17.83 4.30 809.3
FBM MIDS CAP 12,121.56 304.78 2.58 INDUSTRIAL PRODUCTS & SERVICES 164.41 -1.22 -0.74 1.570 1.250 1.480 1.450 5250 SEM 1.460 -0.030 1514.8 1.466 30.17 1.85 1,800.7
FBM SMALL CAP 11,608.62 274.89 2.43 PLANTATION 6,948.59 67.69 0.98 0.707 0.480 — — 7180 SERNKOU 0.530 — — — 14.13 — 127.2
6.336 4.581 5.740 5.600 5517 SHANG 5.670 0.020 129.9 5.657 30.83 2.65 2,494.8
FBM FLEDGLING 14,428.94 89.53 0.62 PROPERTY 878.93 7.36 0.84 1.290 0.500 0.500 0.500 7412 SHH 0.500 UNCH 7 0.500 — 10.00 25.0
FTSE4GOOD BURSA M’SIA 936.40 5.37 0.58 REAL ESTATE INVESTMENT TRUSTS 937.28 1.79 0.19 0.745 0.315 0.345 0.330 7246 SIGN 0.340 -0.005 430.1 0.340 12.73 4.41 81.7
FBM PALM OIL PLANTATION MYR 12,021.43 165.77 1.40 TECHNOLOGY 28.17 0.78 2.85 2.969 2.040 2.390 2.320 4197 SIME 2.360 0.070 8200.2 2.361 27.93 2.54 16,050.0
0.690 0.200 0.295 0.275 8532 SINOTOP 0.295 0.005 50.1 0.275 29.50 — 116.5
FBM EMAS SHARIAH 11,439.84 82.93 0.73 TELECOMMUNICATION & MEDIA 610.81 6.17 1.02 0.418 0.105 0.115 0.110 9776 SMCAP 0.110 -0.005 20.2 0.115 0.68 — 23.5
FBM HIJRAH SHARIAH 13,026.15 90.06 0.70 TRANSPORTATION & LOGISTICS 741.39 7.85 1.07 0.320 0.225 — — 7943 SNC 0.270 — — — — — 17.8
FBM MIDS CAP SHARIAH 11,613.90 337.60 2.99 UTILITIES 927.72 4.90 0.53 0.370 0.290 0.305 0.295 5242 SOLID 0.305 -0.025 10.5 0.295 51.69 0.66 119.6
2.460 2.090 2.140 2.140 7103 SPRITZER 2.140 0.020 2 2.140 15.57 2.57 449.4
2.588 1.920 2.040 2.000 9865 SUIWAH 2.020 0.020 11 2.018 10.53 0.50 123.2
1.051 0.590 0.650 0.630 7186 SWSCAP 0.650 -0.020 17.2 0.637 — — 118.5
Bursa Malaysia Main Market 0.377 0.197 0.235
0.430 0.280
1.877 1.330 1.370
—
0.220
—
1.370
7082
7211
4405
SYF
TAFI
TCHONG
0.220
0.310
1.370
-0.005
—
0.040
204.6
—
5
0.228
—
—
—
1.370 21.14
5.68
—
2.19
136.2
24.8
920.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.430 0.695 — — 7439 TECGUAN 0.700 — — — — — 28.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.459 0.220 0.255 0.245 7200 TEKSENG 0.255 0.015 49.5 0.252 — 7.84 88.8
1.073 0.735 0.985 0.980 7252 TEOSENG 0.985 0.005 179.7 0.984 11.41 — 295.5
CONSUMER PRODUCTS & SERVICES 1.142 0.837 — — 9369 TGL 1.020 — — — 6.94 4.90 41.6
1.132 0.700 0.785 0.760 0012 3A 0.785 0.035 195.3 0.771 11.70 2.55 386.2 0.768 0.475 — — 7230 TOMEI 0.510 — — — 15.00 1.96 70.7
0.450 0.205 0.310 0.260 5238 AAX 0.305 0.045 84608.8 0.287 — — 1,265.2 0.420 0.320 0.340 0.340 7176 TPC 0.340 0.005 15 0.340 — — 79.5
0.490 0.300 0.425 0.405 7120 ACOSTEC 0.415 0.005 2103.7 0.415 — — 80.7 6.926 4.200 5.520 5.390 4588 UMW 5.450 -0.060 1561.8 5.453 12.35 0.92 6,367.2
2.606 1.390 1.430 1.390 6599 AEON 1.410 0.020 1516.4 1.413 19.92 2.84 1,979.6 2.478 2.080 2.140 2.120 7757 UPA 2.140 UNCH 24 2.135 16.93 3.74 170.3
0.290 0.115 0.145 0.140 7315 AHB 0.145 0.010 195.6 0.140 — — 25.5 1.130 0.750 0.870 0.825 7240 VERTICE 0.825 -0.055 108.9 0.829 — — 154.2
8.870 4.799 8.120 8.120 7090 AHEALTH 8.120 -0.010 2 8.120 17.43 1.60 954.5 2.073 0.995 1.090 1.000 7203 WANGZNG 1.050 -0.040 27.1 1.019 16.41 3.81 168.0
3.974 1.997 2.990 2.930 5099 AIRASIA 2.960 0.050 8466 2.965 3.54 8.11 9,892.2 2.339 1.961 2.060 2.060 5016 WARISAN 2.060 UNCH 4 2.060 20.70 1.94 138.4
24.942 17.740 18.800 18.600 2658 AJI 18.600 UNCH 1.6 18.68 19.31 2.50 1,130.9 0.210 0.105 0.125 0.120 5156 XDL 0.125 UNCH 9817.2 0.120 16.03 — 225.6
0.370 0.140 0.275 0.210 7051 AMTEK 0.275 0.005 1.4 0.219 — — 13.7 0.615 0.415 0.450 0.445 7121 XIANLNG 0.450 0.010 53 0.448 1500.0 — 36.0
8.344 5.800 5.900 5.850 6351 AMWAY 5.880 0.030 8 5.891 20.99 3.40 966.6 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
0.035 0.005 0.020 0.020 5194 APFT 0.020 UNCH 1396.4 0.020 — — 26.8 2.307 1.800 1.830 1.830 5584 YEELEE 1.830 UNCH 10 1.830 8.62 2.46 350.6
4.377 3.550 3.680 3.680 6432 APOLLO 3.680 UNCH 0.5 3.680 23.16 5.43 294.4 1.284 0.950 1.010 0.990 5159 YOCB 0.995 0.005 109.1 1.001 5.98 4.02 159.2
0.240 0.105 0.120 0.115 1481 ASB 0.120 0.005 1621 0.120 — 2.08 111.5 3.390 2.267 2.720 2.720 7178 YSPSAH 2.720 -0.030 4 2.720 13.05 2.57 376.2
0.776 0.325 0.380 0.380 7722 ASIABRN 0.380 -0.020 2.3 0.380 — — 88.4 2.023 1.200 1.270 1.250 5131 ZHULIAN 1.270 0.010 37.1 1.260 12.16 5.91 584.2
2.848 2.380 2.600 2.590 7129 ASIAFLE 2.590 UNCH 26.4 2.592 9.38 5.79 504.4 INDUSTRIAL PRODUCTS & SERVICES
4.596 3.973 4.430 4.300 7048 ATLAN 4.430 UNCH 4.7 4.394 23.23 7.00 1,123.7 0.150 0.070 0.075 0.075 7086 ABLEGRP 0.075 UNCH 25 0.075 — — 19.8
0.425 0.200 0.240 0.230 8885 AVI 0.235 -0.005 27.4 0.232 — — 201.8 0.700 0.350 — — 7191 ADVENTA 0.435 — — — 34.80 — 66.5
38.680 21.708 36.800 36.000 4162 BAT 36.000 UNCH 156 36.04 23.72 4.19 10,279.1 2.111 1.744 1.930 1.920 9148 ADVPKG 1.920 -0.020 7.8 1.928 28.92 4.69 39.4
2.336 1.766 2.220 2.130 5248 BAUTO 2.140 -0.080 1316.4 2.161 11.19 5.07 2,488.7 0.185 0.110 0.110 0.110 7146 AEM 0.110 -0.005 41 0.110 — — 32.9
0.070 0.030 0.035 0.035 7243 BIOOSMO 0.035 UNCH 101 0.035 — — 27.8 0.740 0.370 — — 5198 AFUJIYA 0.550 — — — 17.52 — 99.0
1.850 1.282 1.400 1.350 5196 BJFOOD 1.400 0.040 165.3 1.367 155.56 2.86 534.6 0.415 0.200 — — 2682 AISB 0.215 — — — 25.90 — 31.0
0.380 0.180 0.275 0.250 4219 BJLAND 0.270 0.025 6009 0.261 — — 1,350.1 0.673 0.491 0.540 0.530 7609 AJIYA 0.535 0.005 107.1 0.537 6.53 1.87 163.0
2.533 1.954 2.170 2.140 1562 BJTOTO 2.150 0.010 597.5 2.151 12.02 7.44 2,904.7 1.080 0.420 0.480 0.455 2674 ALCOM 0.455 0.015 55.7 0.465 19.96 — 61.1
0.437 0.205 0.225 0.220 9288 BONIA 0.220 0.005 938 0.223 12.64 5.68 177.4 1.414 1.006 1.160 1.150 7083 ANALABS 1.160 0.060 18 1.152 13.26 0.43 139.3
0.505 0.160 0.205 0.200 9474 BRAHIMS 0.200 0.005 76.5 0.203 — — 47.3 0.682 0.366 0.515 0.505 4758 ANCOM 0.510 0.010 236.5 0.509 5.14 — 122.8
1.020 0.495 0.510 0.500 7174 CAB 0.505 0.005 819.7 0.501 10.68 0.99 326.4 3.658 1.150 1.430 1.350 6556 ANNJOO 1.370 0.040 1703.7 1.389 4.15 13.87 767.1
1.279 0.583 1.050 1.000 7154 CAELY 1.050 UNCH 117 1.010 45.45 0.95 85.1 0.105 0.035 0.045 0.040 9342 ANZO 0.045 0.005 135.2 0.044 — — 39.6
0.415 0.220 — — 7128 CAMRES 0.255 — — — 18.48 — 50.2 0.927 0.800 0.810 0.810 5568 APB 0.810 UNCH 5 0.810 — 3.70 91.4
2.081 1.403 1.680 1.650 5245 CARING 1.650 -0.050 8 1.665 18.52 3.03 359.2 3.757 2.680 2.800 2.800 5015 APM 2.800 0.090 7.3 2.800 16.01 4.82 564.5
20.612 14.319 19.640 19.480 2836 CARLSBG 19.520 UNCH 218.1 19.57 22.98 4.34 5,968.2 0.919 0.660 0.770 0.760 7214 ARANK 0.760 UNCH 65.4 0.763 6.83 4.28 92.0
2.300 1.440 1.570 1.500 2925 CCB 1.520 UNCH 200 1.543 187.65 — 153.1 1.159 0.590 0.610 0.605 7162 ASTINO 0.610 UNCH 63.1 0.608 7.38 1.64 167.2
1.010 0.365 0.435 0.400 7035 CCK 0.420 0.025 7723.7 0.415 8.14 3.57 264.9 2.000 1.340 1.700 1.670 8176 ATAIMS 1.680 0.010 347.8 1.686 19.91 — 1,927.0
1.463 0.925 1.030 0.985 7148 CCMDBIO 1.020 0.040 328.3 1.010 14.70 3.99 675.1 1.064 0.545 — — 7099 ATTA 0.600 — — — 2.31 13.33 128.0
0.540 0.300 — — 7209 CHEETAH 0.320 — — — 88.89 1.25 40.8 0.470 0.074 0.340 0.300 7181 ATURMJU 0.340 0.025 99.2 0.307 — — 22.9
2.163 1.500 1.640 1.640 2828 CIHLDG 1.640 0.100 0.6 1.640 10.41 6.10 265.7 0.924 0.596 0.685 0.665 7579 AWC 0.675 0.005 1270.9 0.671 8.04 0.74 194.2
0.145 0.060 0.060 0.060 5104 CNI 0.060 UNCH 900 0.060 200.00 — 43.2 0.433 0.313 0.350 0.345 5021 AYS 0.345 0.010 25.1 0.349 5.37 7.25 131.2
0.140 0.035 0.035 0.035 5188 CNOUHUA 0.035 UNCH 323 0.035 — — 23.4 2.146 1.182 1.300 1.260 8133 BHIC 1.300 UNCH 26.8 1.293 — 2.69 323.0
2.541 1.830 1.960 1.940 7205 COCOLND 1.950 0.010 40.1 1.949 14.22 3.08 446.2 0.470 0.260 0.295 0.285 7005 BIG 0.295 -0.005 97 0.293 — — 14.2
0.085 0.005 0.025 0.025 03016 CRG 0.025 UNCH 2137.9 0.025 5.32 — 20.1 0.195 0.115 — — 6998 BINTAI 0.130 — — — 10.00 — 37.6
1.600 1.060 1.100 1.080 7202 CSCENIC 1.090 0.010 9.3 1.095 17.30 6.42 131.3 0.395 0.260 0.300 0.290 3395 BJCORP 0.290 -0.005 9928.1 0.294 — — 1,427.8
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.822 0.500 0.530 0.520 0168 BOILERM 0.520 UNCH 20 0.523 12.44 3.37 268.3
0.540 0.420 — — 9423 CWG 0.450 — — — 9.04 3.33 56.8 0.100 0.040 0.045 0.040 7036 BORNOIL 0.040 -0.005 2711.7 0.041 — — 213.6
0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 3545.7 0.030 — — 80.3 1.340 0.865 — — 6297 BOXPAK 0.970 — — — — — 116.4
1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.149 0.818 0.965 0.950 5100 BPPLAS 0.965 0.005 71.2 0.960 10.05 4.15 181.1
4.309 2.140 2.320 2.260 5908 DKSH 2.290 0.030 208.5 2.289 7.26 4.37 361.0 0.285 0.140 — — 9938 BRIGHT 0.165 — — — — — 33.9
74.652 55.645 61.000 60.800 3026 DLADY 60.800 -0.180 1.6 60.97 32.38 1.64 3,891.2 0.780 0.280 — — 7221 BSLCORP 0.360 — — — — — 35.3
2.711 1.600 1.790 1.710 1619 DRBHCOM 1.790 0.100 2005.1 1.750 — 1.68 3,460.5 2.800 1.340 1.460 1.410 2771 BSTEAD 1.440 0.070 34.2 1.443 40.56 5.21 2,918.9
0.275 0.095 0.110 0.105 2097 EASTLND 0.105 UNCH 392.9 0.108 — — 25.8 0.300 0.070 0.120 0.115 7188 BTM 0.115 -0.005 8.9 0.118 — — 16.3
0.716 0.509 0.590 0.590 5081 EIG 0.590 -0.010 20 0.590 24.69 5.08 139.9 2.940 1.830 2.150 2.050 5105 CANONE 2.140 0.110 65.2 2.125 8.03 1.87 411.2
0.100 0.050 0.065 0.055 7182 EKA 0.060 UNCH 236 0.059 — — 18.7 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.265 0.150 0.170 0.150 9091 EMICO 0.170 0.005 31.2 0.161 — — 16.3 1.858 0.960 1.100 1.040 7076 CBIP 1.050 UNCH 2354.5 1.068 11.96 4.76 565.2
1.415 0.935 1.000 0.990 7149 ENGKAH 1.000 0.065 1.3 0.992 9.10 3.00 70.8 2.355 1.515 1.840 1.700 2879 CCM 1.790 -0.050 26.6 1.789 30.34 3.91 300.2
0.365 0.125 0.140 0.130 7208 EURO 0.135 0.005 90.1 0.135 — — 36.1 1.600 1.160 — — 8435 CEPCO 1.160 — — — — — 51.9
0.750 0.470 0.470 0.470 7094 EUROSP 0.470 -0.010 5 0.470 — — 20.9 1.360 0.900 — — 8044 CFM 1.200 — — — — — 49.2
40.000 25.960 33.300 32.500 3689 F&N 32.840 -0.480 103.1 32.67 31.24 1.75 12,045.0 0.495 0.330 0.395 0.330 7187 CHGP 0.345 UNCH 740.5 0.336 17.42 — 102.5
0.950 0.740 0.750 0.740 2755 FCW 0.750 0.010 1.4 0.747 192.31 — 187.5 1.218 0.630 0.700 0.700 5273 CHINHIN 0.700 -0.020 1 0.700 16.67 5.00 389.5
0.570 0.430 0.480 0.480 6939 FIAMMA 0.480 -0.015 6 0.480 7.45 3.65 254.4 2.000 1.446 1.640 1.620 5007 CHINWEL 1.640 0.040 31.2 1.629 8.11 4.88 491.2
0.570 0.280 0.305 0.285 8605 FIHB 0.305 UNCH 5.4 0.304 6.59 2.56 33.2 2.183 1.410 — — 5797 CHOOBEE 1.440 — — — 4.31 3.47 189.6
1.931 1.150 1.720 1.640 9172 FPI 1.690 0.020 716.3 1.678 10.70 4.73 418.0 0.493 0.230 0.325 0.300 7016 CHUAN 0.325 0.025 135.1 0.308 — 3.38 54.8
0.950 0.600 — — 7184 G3 0.720 — — — — — 297.0 0.880 0.460 — — 8052 CICB 0.460 — — — 26.14 2.11 41.4
3.070 1.308 2.780 2.670 5102 GCB 2.740 0.050 360.2 2.730 8.24 1.09 1,315.6 0.060 0.035 — — 7018 CME 0.040 — — — — — 23.4
0.580 0.400 0.480 0.480 5592 GCE 0.480 UNCH 12 0.480 — 4.17 94.6 4.334 1.740 3.040 2.820 2852 CMSB 2.960 0.130 1117.6 2.978 11.66 2.70 3,180.2
5.595 2.760 3.130 3.040 4715 GENM 3.110 0.070 20712.9 3.075 — 3.54 18,467.3 0.900 0.410 — — 7986 CNASIA 0.530 — — — 14.97 — 24.1
9.569 5.910 6.080 5.950 3182 GENTING 6.060 0.130 4651.8 6.042 25.46 2.39 23,494.0 1.450 0.735 0.785 0.760 5071 COASTAL 0.765 0.005 13.6 0.771 — 2.61 406.7
0.260 0.100 0.135 0.120 5079 GETS 0.125 UNCH 30.4 0.127 — — 15.8 0.337 0.090 0.110 0.100 7195 COMCORP 0.100 UNCH 1.9 0.105 — — 14.0
0.230 0.105 — — 0136 GREENYB 0.125 — — — 44.64 2.40 41.7 1.209 0.684 0.870 0.845 2127 COMFORT 0.850 -0.005 662.5 0.852 20.43 1.18 477.7
5.218 2.480 2.900 2.770 7668 HAIO 2.850 0.080 276 2.858 14.39 7.02 855.8 0.045 0.020 0.025 0.025 5037 COMPUGT 0.025 UNCH 2485 0.025 — — 58.7
3.897 3.400 — — 5008 HARISON 3.510 — — — 9.74 5.70 240.4 1.550 0.975 1.060 1.030 5094 CSCSTEL 1.040 UNCH 179.8 1.044 9.90 9.62 395.2
0.370 0.050 0.060 0.060 5187 HBGLOB 0.060 -0.005 70 0.060 2.05 — 28.1 0.667 0.470 — — 7157 CYL 0.555 — — — — 7.21 55.5
23.548 17.420 20.140 19.920 3255 HEIM 19.920 -0.120 83.5 20.03 21.79 4.52 6,017.8 0.410 0.295 — — 5082 CYMAO 0.345 — — — — — 25.9
12.115 8.420 8.650 8.520 3301 HLIND 8.550 0.030 200.3 8.560 8.25 4.33 2,803.6 1.780 1.333 1.660 1.620 5184 CYPARK 1.650 0.020 143.8 1.634 9.34 2.26 755.7
0.873 0.592 0.665 0.660 5160 HOMERIZ 0.665 0.005 71.2 0.664 9.46 3.76 199.5 2.373 1.570 1.600 1.570 8125 DAIBOCI 1.600 UNCH 51 1.571 21.19 2.59 524.6
0.385 0.300 0.380 0.380 7213 HOVID 0.380 UNCH 545 0.380 33.33 — 313.9 0.585 0.320 0.465 0.450 5276 DANCO 0.460 0.015 1162.2 0.458 10.45 3.26 137.1
1.154 0.940 0.965 0.950 5024 HUPSENG 0.960 0.015 434.4 0.954 17.20 6.25 768.0 0.670 0.120 0.225 0.210 7212 DESTINI 0.210 -0.010 8772.1 0.219 46.67 — 242.6
0.455 0.280 — — 8478 HWATAI 0.315 — — — — — 23.6 0.755 0.270 0.345 0.345 7114 DNONCE 0.345 UNCH 35 0.345 24.64 — 83.5
2.070 1.089 1.130 1.130 5107 IQGROUP 1.130 -0.040 0.1 1.130 — 8.85 99.5 0.295 0.100 — — 5835 DOLMITE 0.100 — — — — — 28.5
0.080 0.030 0.035 0.030 7223 JADI 0.030 UNCH 1043.3 0.030 — — 28.3 0.190 0.070 0.115 0.095 5265 DOLPHIN 0.105 0.015 2649.2 0.110 — — 25.6
1.371 0.709 0.825 0.805 7152 JAYCORP 0.805 -0.020 37 0.820 10.11 6.21 110.5 1.369 1.156 — — 7169 DOMINAN 1.280 — — — 6.61 5.47 211.5
0.523 0.335 0.355 0.350 8931 JERASIA 0.350 UNCH 114.1 0.354 3.73 2.86 28.7 2.713 0.598 1.680 1.530 7233 DUFU 1.670 0.200 6973.9 1.604 9.47 2.80 439.6
1.364 0.823 1.080 1.030 7167 JOHOTIN 1.060 0.060 1802 1.053 13.70 3.77 329.1 2.816 1.818 2.750 2.740 1368 EDGENTA 2.750 0.010 53.1 2.748 17.13 4.00 2,287.0
0.400 0.280 — — 8672 KAMDAR 0.300 — — — — — 59.4 0.355 0.170 — — 0064 EFFICEN 0.185 — — — — — 131.2
1.318 0.430 0.510 0.475 5247 KAREX 0.480 0.005 2080.6 0.490 60.00 1.04 481.1 0.710 0.430 0.480 0.475 8907 EG 0.475 UNCH 73.4 0.476 7.65 — 128.2
3.044 1.810 1.960 1.920 7216 KAWAN 1.920 0.010 49.8 1.933 29.95 2.04 690.3 1.687 1.095 1.350 1.310 5208 EITA 1.330 -0.040 39.5 1.326 8.61 3.76 172.9
0.185 0.080 0.165 0.110 8303 KFM 0.110 UNCH 1.9 0.122 — — 7.5 0.990 0.634 0.775 0.750 9016 EKSONS 0.770 -0.010 12.1 0.761 — 6.49 126.4
0.725 0.540 0.595 0.585 6203 KHEESAN 0.585 -0.005 90 0.592 15.16 2.56 60.8 0.815 0.370 — — 7217 EMETALL 0.420 — — — 10.07 5.95 79.1
2.010 1.400 1.700 1.700 7062 KHIND 1.700 UNCH 2 1.700 29.31 0.59 68.1 1.230 0.805 0.900 0.825 5056 ENGTEX 0.885 0.065 163 0.855 12.50 1.69 392.3
1.868 1.573 1.700 1.700 0002 KOTRA 1.700 UNCH 9 1.700 11.83 2.94 244.3 0.510 0.380 0.425 0.425 7773 EPMB 0.425 -0.035 5 0.425 — — 70.5
0.780 0.330 0.380 0.380 7130 KPOWER 0.380 UNCH 76.1 0.380 — — 28.9 0.686 0.335 0.380 0.370 5101 EVERGRN 0.380 0.015 995.4 0.377 8.66 3.63 321.6
0.145 0.080 0.085 0.080 5172 KSTAR 0.085 0.005 100 0.083 — — 32.4 1.690 1.050 1.130 1.110 2984 FACBIND 1.110 UNCH 8 1.118 55.22 3.60 94.5
0.160 0.050 — — 4847 KTB 0.060 — — — — — 24.2 2.685 2.200 2.330 2.290 7229 FAVCO 2.300 0.010 37.7 2.304 9.51 5.87 509.2
0.925 0.450 0.480 0.470 1643 LANDMRK 0.480 UNCH 83.4 0.479 — — 253.9 0.629 0.403 — — 0149 FIBON 0.515 — — — 21.46 1.46 50.5
4.322 2.953 3.880 3.880 7006 LATITUD 3.880 UNCH 4 3.880 38.42 1.55 377.2 1.998 1.703 — — 3107 FIMACOR 1.780 — — — 8.47 7.02 436.6
1.000 0.325 0.420 0.390 9385 LAYHONG 0.420 0.030 7230.7 0.405 21.88 1.19 277.3 0.465 0.365 0.405 0.395 9318 FITTERS 0.400 UNCH 353.1 0.399 19.51 — 192.2
1.090 0.351 0.840 0.825 8079 LEESK 0.825 -0.015 64.9 0.833 13.33 1.82 138.4 1.700 0.914 1.510 1.480 5197 FLBHD 1.510 0.020 185.8 1.499 7.03 — 159.3
3.422 2.135 2.680 2.610 7089 LIIHEN 2.670 0.070 69.1 2.631 9.68 4.68 480.6 0.474 0.177 0.240 0.225 5277 FPGROUP 0.225 UNCH 1969.9 0.230 15.31 4.44 116.7
0.670 0.460 0.655 0.635 7126 LONBISC 0.640 0.005 7716.5 0.644 8.76 — 131.3 1.690 0.605 0.715 0.660 7197 GESHEN 0.715 0.035 31 0.668 11.46 — 57.2
1.200 0.780 1.030 1.030 7085 LTKM 1.030 0.010 9 1.030 16.64 1.94 134.0 1.300 0.420 0.565 0.530 5220 GLOTEC 0.565 UNCH 535.9 0.557 — — 152.0
5.438 3.833 4.090 4.000 7087 MAGNI 4.050 0.050 52.2 4.055 6.83 3.46 659.1 0.330 0.170 0.210 0.205 7192 GOODWAY 0.205 UNCH 505.8 0.206 8.69 — 22.7
2.257 1.634 1.980 1.950 3859 MAGNUM 1.970 0.030 412.1 1.967 32.94 5.58 2,832.4 0.110 0.080 0.080 0.080 7096 GPA 0.080 UNCH 280 0.080 400.00 — 78.4
0.145 0.115 0.120 0.120 3514 MARCO 0.120 -0.005 349 0.120 9.76 4.17 126.5 0.325 0.170 0.190 0.185 5649 GPHAROS 0.190 0.010 23 0.186 4.92 — 25.8
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.745 0.420 0.490 0.485 3247 GUH 0.485 0.005 40.7 0.489 — — 134.8
1.070 0.800 — — 5886 MBG 0.815 — — — 66.80 3.68 49.6 1.180 0.670 — — 5151 HALEX 0.770 — — — — — 81.6
2.644 1.860 2.450 2.310 5983 MBMR 2.390 0.080 399 2.391 — 1.88 934.2 9.995 8.394 9.840 9.720 3034 HAPSENG 9.750 UNCH 447.6 9.763 21.41 3.59 24,274.4
0.565 0.185 0.225 0.200 7234 MESB 0.200 0.005 47.2 0.204 — — 16.4 7.383 5.629 6.140 5.690 5168 HARTA 5.750 -0.380 8680.3 5.858 40.18 1.46 19,150.5
0.230 0.185 — — 03015 MFGROUP 0.230 — — — 15.44 — 73.6 17.661 4.510 5.220 4.870 4324 HENGYUAN 5.050 0.200 611.8 5.087 6.45 0.40 1,515.0
1.822 0.452 0.505 0.485 3662 MFLOUR 0.490 -0.005 2668.4 0.490 54.44 10.73 377.5 1.084 0.525 0.620 0.605 5095 HEVEA 0.605 -0.005 477.6 0.611 13.01 9.92 339.2
0.860 0.600 0.710 0.700 7935 MILUX 0.710 -0.020 10 0.705 — — 38.6 0.806 0.609 0.690 0.690 3298 HEXZA 0.690 UNCH 27.8 0.690 18.11 7.25 138.3
0.270 0.045 0.055 0.050 5166 MINDA 0.055 UNCH 1074.2 0.050 — — 68.2 0.518 0.215 0.255 0.240 5072 HIAPTEK 0.255 0.020 5598.9 0.247 15.09 1.96 342.8
4.300 2.200 2.300 2.220 5202 MSM 2.300 UNCH 20.7 2.295 27.35 — 1,616.9 1.360 0.705 0.960 0.925 5199 HIBISCS 0.945 0.050 44381.2 0.944 5.11 — 1,500.9
0.040 0.010 0.015 0.015 5150 MSPORTS 0.015 UNCH 25.1 0.015 — — 9.1 1.680 1.097 1.110 1.110 7033 HIGHTEC 1.110 UNCH 0.1 1.110 6.17 3.15 45.1
0.250 0.145 0.185 0.175 3891 MUIIND 0.180 UNCH 595.1 0.180 — — 527.9 0.878 0.495 0.545 0.520 8443 HIL 0.545 0.030 6.4 0.520 13.10 3.21 182.1
2.297 1.630 1.750 1.700 3905 MULPHA 1.710 0.030 19.5 1.739 1.95 — 546.5 0.620 0.335 0.500 0.500 5165 HOKHENG 0.500 0.070 2 0.500 119.05 — 40.0
1.788 1.252 1.500 1.500 5275 MYNEWS 1.500 0.010 3.5 1.500 38.66 0.67 1,023.2 1.910 0.445 0.935 0.910 0185 HSSEB 0.915 0.005 734.8 0.920 16.25 0.84 453.7
159.79 99.89 146.20 143.30 4707 NESTLE 145.000 -0.300 207.5 144.21 50.86 — 34,002.5 0.665 0.130 0.165 0.155 2739 HUAAN 0.160 0.005 15381.3 0.158 4.43 — 179.6
3.254 2.550 2.790 2.730 7060 NHFATT 2.790 0.040 45.7 2.750 13.83 3.68 230.7 2.180 0.490 0.535 0.510 5000 HUMEIND 0.510 0.010 115 0.510 — 3.92 244.3
0.075 0.035 0.045 0.040 7139 NICE 0.040 0.005 6287.2 0.040 8.16 — 79.9 0.130 0.090 0.100 0.095 9601 HWGB 0.100 -0.005 159.7 0.096 — — 32.5
0.320 0.150 0.260 0.245 7215 NIHSIN 0.260 0.020 3900.8 0.253 15.66 — 83.6 2.308 1.690 2.290 2.250 7222 IMASPRO 2.280 -0.010 1585.4 2.273 28.97 1.54 182.4
0.642 0.472 0.500 0.495 5066 NTPM 0.500 0.005 110 0.496 26.18 4.80 561.6 0.905 0.430 0.450 0.440 5673 IPMUDA 0.450 -0.050 21 0.442 — — 32.6
0.700 0.350 — — 5533 OCB 0.480 — — — — — 49.4 0.290 0.100 — — 7183 IRETEX 0.130 — — — — — 18.9
0.726 0.422 0.550 0.550 0049 OCNCASH 0.550 -0.005 4.8 0.550 14.71 1.82 122.7 0.150 0.110 0.115 0.115 8648 JASKITA 0.115 UNCH 299.9 0.115 — — 51.7
1.322 0.635 0.690 0.650 7107 OFI 0.690 -0.005 25 0.661 17.60 3.62 165.6 1.746 1.340 1.500 1.460 0058 JCBNEXT 1.470 -0.020 115.1 1.475 22.11 3.06 202.5
0.150 0.090 0.105 0.095 3018 OLYMPIA 0.105 0.005 505.9 0.100 6.29 — 107.5 0.290 0.165 0.200 0.200 9083 JETSON 0.200 UNCH 20 0.200 — — 41.9
6.318 5.742 6.260 6.200 4006 ORIENT 6.240 0.040 578.7 6.227 7.65 3.21 3,871.3 1.080 0.950 — — 7043 JMR 0.970 — — — — — 123.0
1.398 0.460 0.535 0.505 5260 OWG 0.520 0.010 1570.8 0.522 25.12 — 144.1 0.250 0.125 0.145 0.130 0054 KARYON 0.145 0.010 588 0.137 7.29 2.07 69.0
6.119 3.150 3.800 3.680 7052 PADINI 3.680 UNCH 427.3 3.756 14.67 2.72 2,421.1 0.598 0.441 — — 7199 KEINHIN 0.510 — — — 31.68 1.96 55.5
39.301 30.953 37.980 37.800 3719 PANAMY 37.960 0.140 0.4 37.92 18.21 3.90 2,305.9 1.667 1.364 1.530 1.520 6491 KFIMA 1.520 0.010 8.8 1.524 7.30 5.92 429.0
0.466 0.310 — — 5022 PAOS 0.365 — — — 81.11 2.19 66.1 1.268 0.584 1.120 1.090 0151 KGB 1.100 UNCH 3030.9 1.101 15.13 0.91 294.2
0.435 0.240 0.280 0.240 9407 PARAGON 0.240 UNCH 1.2 0.252 — — 16.8 0.460 0.200 0.225 0.225 6211 KIALIM 0.225 0.005 10.9 0.225 — — 13.9
0.650 0.235 0.275 0.250 5657 PARKSON 0.260 0.010 1433.8 0.264 — — 284.4 2.958 2.000 2.650 2.640 3522 KIANJOO 2.640 UNCH 87 2.641 17.77 1.52 1,172.6
0.375 0.185 0.220 0.200 6068 PCCS 0.210 0.005 348.2 0.205 4.88 4.76 44.1 1.606 1.090 1.260 1.250 5371 KIMHIN 1.250 0.020 14.1 1.256 — 4.00 194.5
0.880 0.290 0.345 0.330 5231 PELIKAN 0.345 0.005 68 0.335 35.94 — 190.9 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.675 0.350 — — 9997 PENSONI 0.430 — — — — 4.65 55.8 1.028 0.780 0.900 0.855 9466 KKB 0.900 0.035 70 0.877 15.13 2.22 232.0
0.450 0.195 0.355 0.340 7080 PERMAJU 0.350 0.010 17964.2 0.348 — — 68.6 0.300 0.070 0.085 0.075 7164 KNM 0.075 UNCH 39843.2 0.079 — — 177.7
28.181 22.720 26.360 24.600 5681 PETDAG 25.700 -0.200 189.4 25.66 23.61 3.58 25,531.8 0.950 0.440 — — 5035 KNUSFOR 0.500 — — — — — 49.8
0.185 0.140 0.150 0.150 4081 PMCORP 0.150 -0.005 2 0.150 55.56 — 116.0 1.700 0.810 1.250 1.230 6971 KOBAY 1.230 -0.020 73.4 1.247 8.29 — 125.6
0.210 0.085 0.090 0.090 1287 PMHLDG 0.090 UNCH 10524.8 0.090 — — 83.6 0.245 0.120 0.140 0.130 7017 KOMARK 0.140 0.015 898.1 0.137 — — 23.0
0.658 0.440 0.485 0.485 5080 POHKONG 0.485 0.005 0.3 0.485 9.40 2.06 199.0 4.720 3.165 4.400 4.210 7153 KOSSAN 4.250 -0.080 3383.4 4.275 29.17 1.41 5,435.5
1.673 1.093 1.510 1.490 7088 POHUAT 1.500 0.010 106.8 1.500 6.99 4.67 349.8 0.880 0.470 0.480 0.480 9121 KPSCB 0.480 UNCH 35 0.480 5.12 — 71.0
18.900 16.860 17.400 17.120 4065 PPB 17.180 UNCH 1001 17.16 19.88 1.53 24,440.2 4.860 3.665 4.200 4.120 3476 KSENG 4.200 0.080 62.7 4.123 40.42 2.38 1,518.2
0.528 0.330 0.380 0.380 7190 PPG 0.380 -0.040 6 0.380 77.55 5.26 38.0 0.724 0.285 0.300 0.300 5192 KSSC 0.300 0.005 1.5 0.300 7.44 6.67 28.8
1.000 0.700 — — 7168 PRG 0.750 — — — — — 233.1 0.527 0.225 0.415 0.380 6874 KUB 0.395 UNCH 6628.8 0.397 11.69 3.80 219.8
0.842 0.495 0.570 0.550 8966 PRLEXUS 0.570 0.010 56.2 0.557 14.50 2.63 102.8 0.560 0.250 — — 8362 KYM 0.315 — — — — — 47.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
6.290 1.800 1.950 1.860 3794 LAFMSIA 1.950 0.120 256 1.917 — — 1,656.9 6.388 4.540 5.580 5.460 5225 IHH 5.560 0.120 7502.2 5.537 343.21 0.54 48,757.3
0.687 0.440 0.475 0.460 9326 LBALUM 0.470 UNCH 165 0.466 18.50 2.13 116.8 4.720 3.165 4.400 4.210 7153 KOSSAN 4.250 -0.080 3383.4 4.275 29.17 1.41 5,435.5
6.192 4.180 4.780 4.680 5284 LCTITAN 4.750 0.080 135.5 4.734 9.36 4.84 10,962.0 1.868 1.573 1.700 1.700 0002 KOTRA 1.700 UNCH 9 1.700 11.83 2.94 244.3
0.962 0.400 0.495 0.475 5232 LEONFB 0.480 0.010 545.1 0.487 2.90 3.13 148.8 1.170 0.840 1.010 0.995 5878 KPJ 1.000 0.005 3881 1.001 22.88 2.00 4,402.0
0.365 0.100 — — 8745 LEWEKO 0.135 — — — — — 43.5 4.120 2.645 2.830 2.790 7081 PHARMA 2.830 0.020 20 2.804 12.29 7.07 737.2
0.225 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 2.285 1.690 1.790 1.710 7106 SUPERMX 1.730 -0.010 5870.8 1.748 19.89 2.31 2,353.3
0.785 0.405 0.465 0.405 8486 LIONFIB 0.405 -0.060 6.2 0.407 9.74 — 93.8 0.860 0.695 0.730 0.720 0101 TMCLIFE 0.725 -0.005 138.1 0.725 45.60 0.25 1,258.9
1.520 0.450 0.580 0.535 4235 LIONIND 0.560 0.035 8652.8 0.562 2.33 — 402.0 6.360 5.250 5.580 5.250 7113 TOPGLOV 5.300 -0.240 13526.8 5.367 30.98 1.60 13,571.1
0.570 0.250 — — 9881 LSTEEL 0.250 — — — 3.72 — 32.0 0.360 0.230 — — 03013 TOPVISN 0.360 — — — 43.37 — 92.0
0.115 0.075 0.080 0.075 5068 LUSTER 0.075 UNCH 920 0.077 17.86 — 148.2 3.390 2.267 2.720 2.720 7178 YSPSAH 2.720 -0.030 4 2.720 13.05 2.57 376.2
0.793 0.500 0.540 0.525 5143 LUXCHEM 0.540 0.015 190.2 0.533 11.92 4.63 466.3 FINANCIAL SERVICES
4.561 2.250 2.570 2.570 9199 LYSAGHT 2.570 0.070 1 2.570 10.81 2.72 106.9 4.319 3.678 4.120 4.030 2488 ABMB 4.110 0.050 850.7 4.098 12.44 3.72 6,362.7
1.381 0.340 0.480 0.445 5098 MASTEEL 0.460 0.030 7464.4 0.461 4.74 1.96 196.5 16.300 11.741 15.380 15.020 5139 AEONCR 15.340 0.080 220 15.33 10.36 2.75 3,846.8
0.730 0.531 0.605 0.590 7029 MASTER 0.590 0.010 94 0.594 6.30 3.39 32.2 2.642 2.153 2.250 2.190 5185 AFFIN 2.230 0.040 257.2 2.229 8.04 2.24 4,332.8
1.373 0.905 1.040 1.030 5152 MBL 1.040 0.020 2 1.031 9.51 0.96 107.1 14.700 10.440 13.460 13.300 1163 ALLIANZ 13.460 0.160 126.9 13.36 6.49 2.97 2,378.2
0.830 0.435 — — 7004 MCEHLDG 0.470 — — — — — 20.9 4.725 3.278 4.580 4.350 1015 AMBANK 4.580 0.240 5600.6 4.494 11.79 3.28 13,805.0
0.280 0.090 0.145 0.120 3778 MELEWAR 0.140 0.025 1781.5 0.138 — — 50.3 1.620 0.900 0.925 0.900 5088 APEX 0.925 0.025 2.1 0.924 22.29 — 197.5
0.715 0.450 — — 5223 MENTIGA 0.460 — — — 7.32 — 32.2 4.228 3.252 3.530 3.500 5258 BIMB 3.520 0.030 93 3.514 8.80 4.40 5,961.4
1.750 1.540 — — 6149 METROD 1.540 — — — 18.08 3.90 184.8 7.971 6.720 7.160 7.050 1818 BURSA 7.100 0.100 391.9 7.121 25.19 3.71 5,733.1
0.779 0.240 0.270 0.255 5001 MIECO 0.270 0.010 906.6 0.262 — 3.70 141.8 7.206 5.101 5.710 5.640 1023 CIMB 5.640 0.010 10357.8 5.685 9.46 4.43 53,943.6
0.140 0.045 0.050 0.050 7219 MINETEC 0.050 UNCH 994.3 0.050 — — 46.1 0.400 0.240 — — 2143 ECM 0.330 — — — 70.21 — 158.4
0.424 0.244 0.300 0.285 5576 MINHO 0.295 0.005 35.8 0.293 8.36 1.63 100.5 1.330 1.150 1.250 1.230 5228 ELKDESA 1.250 0.010 51.5 1.239 11.39 5.60 386.2
0.956 0.667 0.705 0.700 5916 MSC 0.705 0.010 99 0.703 51.09 1.42 282.0 20.980 16.553 20.800 20.440 5819 HLBANK 20.600 0.100 496.3 20.55 15.57 2.33 44,655.0
0.085 0.060 0.085 0.075 0043 MTRONIC 0.085 0.005 436.4 0.080 — — 27.3 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
2.884 1.115 1.840 1.800 3883 MUDA 1.810 0.020 930.1 1.822 6.26 1.93 552.1 19.952 16.979 19.360 18.940 1082 HLFG 19.300 0.040 299.9 19.27 11.28 2.07 22,147.1
0.590 0.240 0.295 0.270 5087 MYCRON 0.290 0.020 458.1 0.286 7.00 — 98.7 0.990 0.645 0.690 0.670 3379 INSAS 0.680 0.010 347.1 0.679 5.80 2.94 471.5
0.640 0.330 0.445 0.420 7241 NGGB 0.425 -0.010 1688.9 0.429 118.06 — 194.8 0.380 0.070 0.080 0.080 3441 JOHAN 0.080 UNCH 80 0.080 — — 49.8
0.355 0.065 0.075 0.070 5025 NWP 0.070 UNCH 201.3 0.070 — — 27.5 0.780 0.524 0.625 0.585 6483 KENANGA 0.585 -0.005 155.8 0.590 11.43 5.13 422.8
0.879 0.563 0.655 0.640 4944 NYLEX 0.640 -0.010 138 0.648 5.90 3.13 124.4 2.703 1.323 1.650 1.650 2186 KUCHAI 1.650 -0.030 0.5 1.650 4.52 0.61 204.2
1.092 0.565 0.620 0.585 7140 OKA 0.610 0.025 71.1 0.608 7.72 6.02 149.7 17.233 15.640 15.900 15.820 8621 LPI 15.840 0.040 40.3 15.85 20.16 4.01 6,310.4
1.738 0.880 0.940 0.920 5065 ORNA 0.920 0.020 15 0.932 5.96 5.43 69.2 0.773 0.400 0.505 0.495 1198 MAA 0.495 -0.005 5.5 0.496 — 12.12 135.4
0.130 0.045 0.055 0.050 7225 PA 0.055 UNCH 7034.6 0.055 — — 102.9 3.314 2.300 2.450 2.350 1058 MANULFE 2.350 -0.150 16.6 2.417 18.29 3.40 475.6
1.219 0.373 0.810 0.800 8419 PANSAR 0.810 UNCH 1635.4 0.805 30.68 1.85 249.5 10.451 8.458 9.510 9.370 1155 MAYBANK 9.460 0.110 7580.2 9.453 12.95 6.03 104,530.0
0.684 0.410 0.455 0.435 5125 PANTECH 0.455 0.015 200.7 0.446 7.28 4.40 340.3 1.254 0.890 0.970 0.950 1171 MBSB 0.955 UNCH 2343.1 0.964 8.88 5.24 6,101.6
10.200 7.303 9.280 8.890 5183 PCHEM 8.930 -0.330 14206.9 8.971 15.25 3.25 71,440.0 2.062 0.845 0.950 0.930 6459 MNRB 0.935 0.005 402.2 0.936 3.20 — 717.2
1.562 0.669 0.750 0.725 5271 PECCA 0.750 0.030 190 0.741 12.69 6.67 141.0 1.850 1.010 1.070 1.030 5237 MPHBCAP 1.060 0.020 48.4 1.058 12.97 — 757.9
5.292 3.233 4.650 4.620 5436 PERSTIM 4.650 UNCH 18 4.648 11.67 6.45 461.8 1.105 0.990 1.000 0.995 6009 P&O 1.000 UNCH 118.9 0.998 — 5.20 286.9
2.070 0.950 1.030 0.990 5219 PESTECH 1.020 0.025 356.8 1.009 13.73 — 779.6 26.160 20.135 24.880 24.640 1295 PBBANK 24.700 0.040 2818.2 24.70 16.85 2.67 95,888.8
20.000 15.928 18.600 17.600 6033 PETGAS 18.000 -0.420 801.9 18.09 18.00 3.83 35,617.2 1.636 1.008 1.490 1.470 9296 RCECAP 1.490 0.010 138.1 1.478 5.49 5.37 535.6
13.436 6.010 6.800 6.450 3042 PETRONM 6.700 0.300 218.5 6.674 5.17 3.73 1,809.0 5.795 4.826 5.390 5.330 1066 RHBBANK 5.350 UNCH 1509.2 5.349 9.77 3.27 21,453.7
1.500 1.000 — — 3611 PGLOBE 1.090 — — — — — 203.5 0.695 0.461 0.635 0.630 4898 TA 0.630 0.005 345.1 0.632 4.84 6.51 1,078.5
0.218 0.090 — — 7201 PICORP 0.115 — — — 50.00 1.30 75.7 3.950 3.050 3.860 3.730 6139 TAKAFUL 3.730 -0.070 110.8 3.801 11.80 4.02 3,074.3
1.941 1.186 1.510 1.450 7095 PIE 1.500 0.050 487.2 1.484 12.48 1.60 576.1 1.097 0.525 0.610 0.580 5230 TUNEPRO 0.595 0.030 4660.9 0.597 9.49 5.04 447.3
0.280 0.100 — — 7163 PJBUMI 0.150 — — — — — 12.3 PROPERTY
4.280 3.200 3.400 3.400 7172 PMBTECH 3.400 0.030 23.5 3.400 53.38 0.74 549.5 0.380 0.240 — — 7131 ACME 0.290 — — — 15.43 — 69.2
5.734 3.753 4.630 4.580 8869 PMETAL 4.590 0.040 2201.4 4.598 28.78 1.42 18,134.4 0.757 0.490 0.540 0.540 1007 AMPROP 0.540 0.020 1.9 0.540 2.68 7.41 329.1
0.570 0.460 — — 6637 PNEPCB 0.570 — — — 196.55 — 75.0 0.396 0.220 0.240 0.240 1007PA AMPROP-PA 0.240 UNCH 0.1 0.240 — 8.33 69.2
0.620 0.260 0.370 0.310 8117 POLY 0.370 0.065 117.8 0.345 13.60 — 59.2 1.420 0.870 0.895 0.895 5959 AMVERTON 0.895 -0.005 1 0.895 9.76 — 326.7
0.770 0.390 0.495 0.480 8273 PPHB 0.490 -0.005 1133.9 0.482 5.16 — 92.4 0.650 0.280 — — 7007 ARK 0.320 — — — — — 15.6
1.151 0.500 0.550 0.545 9873 PRESTAR 0.545 0.025 66 0.548 5.29 9.17 111.6 0.175 0.110 0.120 0.115 4057 ASIAPAC 0.120 0.005 1044 0.118 4.72 — 124.5
0.113 0.035 0.060 0.055 7123 PWORTH 0.055 -0.005 2345.3 0.057 0.09 — 225.2 6.741 4.480 4.500 4.500 2305 AYER 4.500 -0.100 12 4.500 24.64 1.11 336.8
1.150 0.705 — — 7544 QUALITY 0.750 — — — — — 43.5 0.495 0.220 0.255 0.240 6602 BCB 0.250 UNCH 200.9 0.249 3.40 — 103.1
0.580 0.210 0.210 0.210 7498 RALCO 0.210 -0.005 33.1 0.210 — — 9.7 0.630 0.285 0.310 0.310 6173 BDB 0.310 -0.010 30 0.310 — — 94.2
0.520 0.210 0.310 0.300 5256 REACH 0.300 0.010 11292 0.302 — — 328.9 0.430 0.180 0.280 0.280 9814 BERTAM 0.280 0.005 10 0.280 — — 57.9
0.420 0.260 — — 7232 RESINTC 0.270 — — — 23.68 — 37.0 0.539 0.245 0.300 0.300 3239 BJASSET 0.300 UNCH 85.7 0.300 — — 767.4
0.250 0.160 0.170 0.165 9954 RGTBHD 0.165 UNCH 635.3 0.165 — — 95.2 1.540 0.963 1.410 1.380 5738 CHHB 1.400 UNCH 353.5 1.402 3.23 — 386.0
1.554 0.680 0.750 0.700 9741 ROHAS 0.750 0.030 6.3 0.720 14.59 2.67 354.5 1.423 1.190 1.250 1.250 6718 CRESNDO 1.250 0.020 3 1.250 12.20 4.80 350.6
0.716 0.435 0.475 0.470 7803 RUBEREX 0.475 0.030 9 0.473 8.53 3.68 119.8 1.619 1.108 1.380 1.380 5049 CVIEW 1.380 0.010 2.1 1.380 4.93 3.62 138.0
4.424 3.590 — — 5134 SAB 3.600 — — — 14.27 1.39 493.0 2.970 1.918 2.960 2.960 5355 DAIMAN 2.960 UNCH 307.2 2.960 18.09 1.69 628.1
8.480 5.708 7.630 7.430 9822 SAM 7.500 0.100 45.7 7.523 13.62 1.87 1,013.8 0.58 0.220 0.410 0.360 3484 DBHD 0.365 -0.025 3319 0.383 6.36 — 116.2
1.230 0.640 0.700 0.680 5147 SAMCHEM 0.680 -0.010 208 0.689 8.48 5.88 185.0 0.100 0.050 0.060 0.055 7198 DPS 0.060 UNCH 31 0.056 — — 35.3
0.869 0.680 — — 7811 SAPIND 0.690 — — — 7.40 5.80 50.2 1.656 1.020 1.120 1.090 3417 E&O 1.120 0.040 737.1 1.110 16.72 2.63 1,485.9
0.830 0.205 0.280 0.265 5170 SCABLE 0.265 0.005 88.6 0.272 — — 84.0 0.325 0.280 0.305 0.300 3557 ECOFIRS 0.305 UNCH 44 0.304 5.28 — 245.0
2.460 1.000 1.300 1.250 7247 SCGM 1.300 0.050 421 1.289 30.37 3.08 251.7 1.460 0.890 0.950 0.930 8206 ECOWLD 0.945 0.020 105 0.941 16.79 — 2,782.4
0.810 0.300 0.480 0.430 9237 SCIB 0.480 UNCH 3.2 0.477 — — 41.2 0.830 0.350 — — 6076 ENCORP 0.425 — — — — — 124.9
2.074 0.900 1.120 1.120 0099 SCICOM 1.120 -0.010 78.3 1.120 15.05 8.04 398.1 2.896 1.530 — — 8613 ENRA 1.620 — — — — 2.78 220.7
9.377 6.350 8.750 8.630 4731 SCIENTX 8.700 -0.050 219.2 8.700 15.65 2.30 4,256.3 1.100 0.550 0.600 0.600 6815 EUPE 0.600 0.010 0.1 0.600 4.57 — 76.8
0.350 0.150 — — 7239 SCNWOLF 0.155 — — — — — 14.9 0.885 0.303 0.565 0.550 7249 EWEIN 0.555 0.005 1388.3 0.558 4.89 0.90 167.4
0.930 0.155 0.210 0.195 7073 SEACERA 0.200 0.005 16484.3 0.201 — — 84.2 1.150 0.665 0.705 0.685 5283 EWINT 0.700 0.020 381.4 0.693 47.62 — 1,680.0
0.210 0.090 0.110 0.100 5145 SEALINK 0.110 0.005 227.1 0.105 — — 55.0 0.445 0.340 0.380 0.365 6041 FARLIM 0.375 -0.005 30.2 0.379 937.50 — 63.1
0.665 0.180 — — 5163 SEB 0.210 — — — — — 16.8 0.554 0.361 0.395 0.380 5020 GLOMAC 0.395 0.015 110.5 0.386 10.48 3.80 316.0
1.340 0.600 — — 7165 SGB 0.795 — — — — — 157.9 0.414 0.240 0.270 0.250 9962 GMUTUAL 0.270 UNCH 20.1 0.250 6.46 1.85 101.4
1.156 0.750 0.815 0.805 5181 SIGGAS 0.815 0.010 95.2 0.805 37.39 0.98 152.8 0.360 0.170 0.190 0.185 1147 GOB 0.185 UNCH 321.9 0.186 — — 84.1
0.870 0.450 — — 7115 SKBSHUT 0.460 — — — 40.71 — 18.4 0.255 0.085 0.150 0.145 7077 GSB 0.150 UNCH 222.7 0.147 83.33 — 82.9
2.251 0.945 1.080 1.040 7155 SKPRES 1.070 0.040 1192.4 1.065 11.80 4.74 1,337.7 1.141 0.722 0.795 0.795 1503 GUOCO 0.795 0.025 5.4 0.795 14.35 2.52 556.9
1.609 0.778 1.180 1.120 7248 SLP 1.180 0.010 2724.6 1.180 17.56 3.81 374.0 1.370 1.150 1.270 1.240 7105 HCK 1.270 0.020 40.7 1.253 96.95 — 535.2
0.600 0.370 — — 7132 SMISCOR 0.520 — — — — — 23.3 0.835 0.500 — — 7010 HOOVER 0.640 — — — — — 25.6
2.349 0.720 0.880 0.820 5665 SSTEEL 0.875 0.055 609.2 0.857 2.38 4.00 379.4 0.745 0.300 0.345 0.340 5062 HUAYANG 0.345 UNCH 56.9 0.345 24.13 — 121.4
0.230 0.100 0.145 0.100 7143 STONE 0.145 UNCH 32.3 0.133 — — 13.0 0.534 0.360 0.405 0.390 4251 IBHD 0.405 0.005 50.4 0.398 6.13 5.26 408.9
1.260 0.400 0.490 0.480 6904 SUBUR 0.480 UNCH 27 0.481 — — 100.3 0.870 0.150 0.680 0.550 5084 IBRACO 0.600 0.005 5.2 0.601 14.53 4.58 297.8
1.236 0.520 0.555 0.555 7207 SUCCESS 0.555 0.005 52.5 0.555 25.11 1.80 137.9 1.860 0.550 1.110 1.070 9687 IDEAL 1.070 -0.030 21 1.081 2.60 — 118.2
1.738 1.350 1.520 1.490 5211 SUNWAY 1.500 UNCH 2585.3 1.501 11.22 4.33 7,386.6 3.415 2.390 2.500 2.450 5606 IGBB 2.480 -0.020 44.5 2.491 7.78 0.81 1,710.0
2.104 0.978 1.200 1.170 7235 SUPERLN 1.180 0.020 49 1.182 15.40 1.61 188.8 1.997 1.210 1.560 1.490 5249 IOIPG 1.510 -0.040 1265.9 1.516 12.74 3.31 8,314.3
2.285 1.690 1.790 1.710 7106 SUPERMX 1.730 -0.010 5870.8 1.748 19.89 2.31 2,353.3 0.344 0.195 0.220 0.220 5175 IVORY 0.220 0.005 50 0.220 — 11.36 107.8
0.395 0.180 0.235 0.220 5149 TAS 0.235 0.015 105.6 0.225 — — 42.3 1.440 0.365 0.465 0.440 1589 IWCITY 0.460 0.020 6933.3 0.455 54.76 — 385.2
11.897 4.050 — — 4448 TASEK 4.200 — — — — 9.52 519.2 0.500 0.250 0.300 0.300 8923 JIANKUN 0.300 -0.025 0.5 0.300 — — 50.1
0.380 0.065 0.380 0.360 5178 TATGIAP 0.375 0.015 4034.4 0.374 — — 64.0 0.100 0.070 0.075 0.070 6769 JKGLAND 0.075 0.005 2269.9 0.075 35.71 1.33 170.6
1.170 0.465 0.490 0.485 7097 TAWIN 0.490 UNCH 178 0.488 — — 39.0 0.095 0.060 0.085 0.085 3115 KBUNAI 0.085 UNCH 48 0.085 12.50 — 491.0
0.970 0.805 0.935 0.915 5289 TECHBND 0.920 0.010 1891.7 0.926 — — 211.6 0.940 0.555 — — 7323 KEN 0.650 — — — 2.51 3.85 124.6
0.960 0.690 0.700 0.690 8702 TEXCHEM 0.700 UNCH 24.2 0.692 — 14.29 86.9 1.110 0.675 0.705 0.700 5038 KSL 0.705 0.005 108.5 0.700 3.21 — 731.4
4.128 2.070 2.280 2.200 7034 TGUAN 2.280 0.080 68.4 2.258 11.31 3.51 311.1 0.208 0.130 0.155 0.145 3174 L&G 0.150 UNCH 2601.3 0.150 17.44 10.00 446.0
1.643 1.110 — — 7374 TIENWAH 1.120 — — — — 5.36 162.1 1.211 0.630 0.730 0.725 8494 LBICAP 0.730 0.010 5.5 0.729 7.44 4.11 60.0
0.650 0.541 — — 7854 TIMWELL 0.650 — — — 14.48 1.54 57.9 1.090 0.600 0.665 0.655 5789 LBS 0.660 0.010 461.5 0.659 10.49 3.33 1,029.0
1.060 0.525 0.625 0.595 7285 TOMYPAK 0.620 0.030 1083.4 0.611 106.90 3.39 260.3 0.480 0.285 0.305 0.290 3573 LIENHOE 0.295 UNCH 2289.6 0.295 14.90 — 106.7
4.190 2.476 3.700 3.630 5010 TONGHER 3.700 0.080 17.3 3.655 8.59 7.03 582.5 1.300 0.840 0.945 0.900 7617 MAGNA 0.935 UNCH 127.1 0.936 13.57 — 313.1
6.360 5.250 5.580 5.250 7113 TOPGLOV 5.300 -0.240 13526.8 5.367 30.98 1.60 13,571.1 1.439 0.890 0.945 0.930 8583 MAHSING 0.940 0.015 274.6 0.939 10.71 6.91 2,282.0
1.115 0.503 0.615 0.600 7173 TOYOINK 0.610 0.005 99.4 0.605 19.24 1.64 65.3 1.037 0.390 0.485 0.465 6181 MALTON 0.470 0.005 1366.2 0.475 8.09 4.26 248.2
0.789 0.620 0.690 0.620 5167 TURBO 0.690 -0.050 17.9 0.637 15.86 1.45 74.5 2.109 1.734 1.900 1.880 5236 MATRIX 1.890 0.010 134.4 1.887 6.45 7.14 1,422.8
3.070 1.953 2.460 2.400 7100 UCHITEC 2.410 0.010 769.4 2.416 15.53 6.22 1,086.3 2.310 1.540 1.710 1.700 7189 MBWORLD 1.700 -0.020 24 1.708 4.04 4.06 267.5
2.262 0.480 0.590 0.585 7133 ULICORP 0.585 0.005 51.5 0.587 30.47 5.69 127.4 0.965 0.620 — — 5182 MCT 0.745 — — — 11.34 — 1,085.5
2.750 2.000 — — 7137 UMS 2.300 — — — 16.27 2.61 93.6 0.510 0.265 0.295 0.275 5040 MEDAINC 0.295 0.020 255 0.293 — — 145.3
1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 0.545 0.340 0.370 0.370 1694 MENANG 0.370 -0.015 2.1 0.370 10.63 — 177.9
1.078 0.871 — — 7091 UNIMECH 1.030 — — — 8.44 2.18 163.5 0.400 0.190 0.220 0.215 8141 MJPERAK 0.215 -0.010 125 0.218 11.75 — 55.3
0.750 0.355 0.380 0.380 4995 VERSATL 0.380 0.010 26 0.380 — — 49.0 1.796 1.110 1.200 1.140 6114 MKH 1.170 0.020 325.6 1.169 9.87 2.99 686.3
2.575 0.630 0.765 0.725 6963 VS 0.725 -0.010 56494 0.746 8.32 5.38 1,315.4 0.280 0.160 0.185 0.180 8893 MKLAND 0.180 -0.005 138.5 0.181 9.57 — 217.3
1.710 0.595 0.665 0.645 5142 WASEONG 0.655 0.025 621.6 0.655 3.60 — 507.6 0.145 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
0.825 0.240 0.815 0.735 7226 WATTA 0.810 0.040 406.4 0.788 16.40 — 68.4 1.272 0.534 0.655 0.635 1651 MRCB 0.640 0.010 20094.2 0.643 11.57 2.73 2,812.8
2.390 1.860 — — 7111 WEIDA 2.390 — — — 10.18 — 101.0 0.640 0.390 0.460 0.420 9539 MUH 0.450 UNCH 41 0.454 — — 25.4
1.544 1.122 1.220 1.210 7231 WELLCAL 1.210 UNCH 13 1.215 19.00 4.50 602.5 0.320 0.205 0.255 0.220 3913 MUIPROP 0.255 0.025 2689.3 0.231 31.10 — 194.8
0.655 0.460 — — 7692 WIDETEC 0.540 — — — 12.53 — 24.2 1.280 0.430 0.460 0.450 5073 NAIM 0.455 UNCH 2457.9 0.456 — — 275.5
1.214 0.700 0.800 0.795 7050 WONG 0.795 UNCH 41.8 0.796 8.39 — 72.9 2.289 1.883 — — 5827 OIB 2.100 — — — 7.64 3.33 325.2
0.680 0.500 — — 7025 WOODLAN 0.675 — — — — — 27.0 1.028 0.835 0.900 0.885 5053 OSK 0.900 0.015 99.3 0.895 7.27 6.11 1,885.8
1.959 1.390 — — 5009 WTHORSE 1.530 — — — — 4.58 367.2 2.260 1.662 2.060 2.050 1724 PARAMON 2.050 UNCH 47.9 2.053 9.77 4.15 878.0
0.756 0.415 0.480 0.470 4243 WTK 0.475 0.005 525.2 0.473 2.10 2.11 228.6 0.629 0.300 0.380 0.340 6912 PASDEC 0.380 0.010 265 0.346 — — 152.1
0.735 0.160 0.215 0.205 7245 WZSATU 0.205 -0.010 145.7 0.212 — 7.32 95.4 0.070 0.015 0.020 0.020 4464 PHB 0.020 UNCH 20 0.020 — — 35.0
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.890 1.250 — — 7055 PLB 1.500 — — — — — 168.6
0.785 0.545 — — 5048 YILAI 0.560 — — — — — 89.6 1.595 1.305 1.420 1.400 5075 PLENITU 1.400 UNCH 8.5 1.407 12.17 3.21 534.1
0.455 0.090 0.130 0.110 7020 YKGI 0.120 0.010 390.8 0.120 — — 42.1 6.150 5.220 6.080 5.960 7765 RAPID 6.080 0.090 1526.2 5.990 375.31 — 649.9
0.445 0.200 — — 7014 YLI 0.215 — — — — — 22.1 1.120 0.600 0.650 0.650 4596 SAPRES 0.650 UNCH 3 0.650 8.55 — 90.7
CONSTRUCTION 0.630 0.400 0.510 0.480 5207 SBCCORP 0.510 0.015 11 0.483 15.89 — 131.6
0.907 0.241 0.320 0.300 5281 ADVCON 0.315 0.025 1740.7 0.310 14.86 3.17 126.7 0.980 0.600 0.660 0.660 2224 SDRED 0.660 0.040 4 0.660 3.15 3.79 281.2
0.922 0.274 0.355 0.340 7078 AZRB 0.340 UNCH 1834.9 0.345 13.71 2.62 203.3 0.470 0.285 — — 4286 SEAL 0.320 — — — 2.80 — 77.7
0.430 0.155 0.210 0.185 5190 BENALEC 0.195 0.015 3059 0.197 — 2.05 168.1 2.617 2.180 2.210 2.210 6017 SHL 2.210 UNCH 5 2.210 7.74 9.95 535.1
0.385 0.165 0.215 0.205 5932 BPURI 0.210 UNCH 3927.3 0.208 15.00 — 80.2 1.673 0.905 0.980 0.955 5288 SIMEPROP 0.980 0.025 2526.3 0.968 23.90 6.12 6,664.8
1.024 0.725 0.750 0.750 8761 BREM 0.750 UNCH 15 0.750 9.99 2.67 259.1 0.250 0.135 0.145 0.145 4375 SMI 0.145 UNCH 90 0.145 — — 30.4
1.100 0.790 0.880 0.870 8591 CRESBLD 0.870 UNCH 246.5 0.872 2.42 4.60 153.9 0.680 0.345 0.400 0.385 5213 SNTORIA 0.400 0.010 4 0.395 8.00 — 226.9
1.840 1.535 — — 7528 DKLS 1.800 — — — 23.78 1.67 166.9 5.780 3.950 5.780 5.730 1783 SPB 5.780 0.060 64.1 5.747 — 2.08 1,986.1
1.389 0.360 0.450 0.420 5253 ECONBHD 0.425 0.020 36312 0.434 7.02 3.76 568.4 3.276 1.930 2.190 2.150 8664 SPSETIA 2.190 0.020 1504.7 2.169 7.54 7.08 8,669.3
1.153 0.411 0.480 0.460 8877 EKOVEST 0.475 0.020 13217.2 0.470 8.59 2.11 1,016.1 1.340 0.600 0.625 0.605 3743 SUNSURIA 0.605 0.005 658 0.607 4.76 — 483.3
0.900 0.300 0.365 0.355 7047 FAJAR 0.360 0.010 495 0.358 7.81 4.17 134.6 0.751 0.320 0.370 0.355 1538 SYMLIFE 0.365 0.015 321.9 0.362 2.35 — 215.5
1.146 0.475 0.575 0.550 9261 GADANG 0.560 0.015 1775.1 0.561 3.88 5.36 370.6 0.365 0.165 0.215 0.205 4022 TADMAX 0.210 0.010 2722 0.211 — — 164.6
5.075 1.948 2.480 2.300 5398 GAMUDA 2.450 0.160 8895 2.422 12.47 4.90 6,046.7 0.373 0.240 0.265 0.260 5158 TAGB 0.260 UNCH 67.1 0.261 4.99 2.31 1,383.6
2.020 0.595 1.020 0.960 5226 GBGAQRS 1.000 UNCH 5937.4 0.987 6.67 4.25 494.6 0.050 0.025 0.030 0.025 2259 TALAMT 0.030 UNCH 411.7 0.030 — — 126.6
4.257 0.741 0.930 0.865 3204 GKENT 0.910 0.055 5724.6 0.898 4.31 3.85 512.6 1.050 0.690 0.780 0.770 5191 TAMBUN 0.780 0.010 114.2 0.773 5.77 8.59 338.0
0.645 0.280 0.335 0.315 5169 HOHUP 0.315 UNCH 907.3 0.324 3.89 — 118.1 0.123 0.045 0.055 0.050 2429 TANCO 0.055 0.005 240 0.053 — — 36.9
1.615 1.272 1.380 1.340 6238 HSL 1.340 0.010 5.5 1.362 12.95 1.79 780.8 0.485 0.131 0.195 0.195 7889 THRIVEN 0.195 UNCH 409.2 0.195 4.48 — 97.0
3.099 1.373 1.740 1.600 3336 IJM 1.690 0.100 5585.2 1.667 31.12 2.96 6,144.3 0.120 0.045 0.090 0.085 7079 TIGER 0.090 UNCH 13007.1 0.090 — — 88.5
0.590 0.090 0.135 0.115 5268 IKHMAS 0.120 -0.010 1968.2 0.124 — — 65.4 0.730 0.285 0.315 0.300 5239 TITIJYA 0.300 -0.005 1529.5 0.302 5.68 0.83 403.3
0.791 0.444 0.540 0.525 8834 IREKA 0.530 -0.010 13 0.532 58.89 3.77 99.0 0.930 0.805 0.875 0.865 5401 TROP 0.875 0.010 245.5 0.873 6.91 1.83 1,286.6
1.840 0.405 0.480 0.465 4723 JAKS 0.465 UNCH 14212.2 0.472 1.76 — 253.9 1.243 0.620 0.720 0.695 5148 UEMS 0.720 0.030 1318.5 0.706 11.25 1.39 3,267.0
1.907 0.990 1.270 1.220 7161 KERJAYA 1.270 0.060 880.8 1.251 13.35 1.57 1,577.3 2.549 1.840 2.200 2.140 5200 UOADEV 2.140 -0.010 52.6 2.180 8.63 7.01 3,948.0
2.247 1.000 1.180 1.130 5171 KIMLUN 1.130 0.020 125.4 1.134 5.84 4.87 375.0 0.320 0.105 0.150 0.115 6378 WMG 0.115 -0.040 61.5 0.116 — — 49.0
1.680 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 1.000 0.905 — — 7003 Y&G 0.930 — — — 17.68 — 185.4
0.778 0.460 0.480 0.465 5129 MELATI 0.480 0.015 30 0.474 23.76 2.08 57.6 1.660 1.040 1.300 1.290 3158 YNHPROP 1.300 0.030 165 1.299 22.15 0.54 687.7
2.091 0.900 0.900 0.900 8192 MERCURY 0.900 UNCH 3 0.900 24.19 4.44 36.2 1.750 0.300 0.375 0.360 7066 YONGTAI 0.365 0.005 9037.7 0.367 22.26 — 177.3
0.905 0.240 0.885 0.880 5006 MERGE 0.885 0.005 136.5 0.881 — — 59.3 0.545 0.370 0.380 0.375 2577 YTLLAND 0.375 -0.015 106 0.377 — — 316.6
1.930 0.680 0.715 0.710 7595 MGB 0.710 UNCH 45 0.710 9.97 — 352.8 TRANSPORTATION & LOGISTICS
0.866 0.225 0.305 0.290 9571 MITRA 0.290 -0.005 3304.3 0.299 4.21 6.90 259.9 9.926 7.260 8.130 7.940 5014 AIRPORT 8.000 -0.020 1322.7 8.011 19.83 1.63 13,273.5
0.310 0.115 0.175 0.145 5924 MTDACPI 0.175 UNCH 311.5 0.164 7.17 — 40.5 2.146 1.182 1.300 1.260 8133 BHIC 1.300 UNCH 26.8 1.293 — 2.69 323.0
1.040 0.265 0.310 0.310 5085 MUDAJYA 0.310 0.010 75 0.310 — — 187.7 5.984 4.500 4.500 4.500 5032 BIPORT 4.500 UNCH 43.2 4.500 19.87 3.11 2,070.0
3.282 2.452 2.890 2.820 5703 MUHIBAH 2.870 0.020 433.8 2.847 9.62 2.44 1,387.5 0.495 0.330 0.395 0.330 7187 CHGP 0.345 UNCH 740.5 0.336 17.42 — 102.5
0.560 0.270 0.300 0.285 7071 OCR 0.290 UNCH 434.4 0.290 32.58 — 84.8 1.095 0.385 0.440 0.415 7117 CJCEN 0.425 0.010 2271.9 0.428 13.24 3.53 167.5
0.835 0.730 0.760 0.760 5622 PEB 0.760 -0.020 50 0.760 2.62 — 52.5 0.800 0.535 0.680 0.675 5136 COMPLET 0.675 -0.005 25 0.676 7.23 — 83.9
0.511 0.170 0.200 0.190 8311 PESONA 0.195 UNCH 1931.2 0.196 10.21 5.13 135.5 0.605 0.280 0.465 0.425 5259 EATECH 0.430 -0.020 4749.6 0.453 1.88 — 216.7
0.950 0.190 0.240 0.225 5070 PRTASCO 0.230 UNCH 1735.1 0.233 41.82 22.04 113.9 0.822 0.505 0.560 0.550 7210 FREIGHT 0.550 UNCH 338.4 0.552 7.87 6.05 153.6
0.180 0.095 0.115 0.110 7145 PSIPTEK 0.115 UNCH 110 0.110 15.97 — 40.1 0.670 0.255 0.315 0.280 0078 GDEX 0.305 0.030 5759.4 0.299 74.39 0.82 1,708.8
3.528 2.167 — — 9598 PTARAS 2.300 — — — 26.23 8.70 381.5 0.480 0.280 — — 7676 GUNUNG 0.290 — — — 15.10 — 68.5
0.743 0.315 0.385 0.380 6807 PUNCAK 0.380 0.005 119 0.381 — 1.32 170.7 0.858 0.611 0.710 0.690 2062 HARBOUR 0.710 0.020 37.1 0.693 7.67 1.41 284.3
1.090 0.455 0.720 0.705 5205 SENDAI 0.720 0.020 862.3 0.715 7.03 — 562.4 0.155 0.030 0.055 0.045 7013 HUBLINE 0.050 0.005 48251.1 0.050 — — 189.0
2.535 1.300 1.510 1.490 5263 SUNCON 1.500 0.060 504.9 1.498 13.85 5.00 1,939.4 0.790 0.460 0.475 0.470 5614 ILB 0.470 0.005 9.1 0.471 — — 91.7
0.295 0.210 0.235 0.220 9717 SYCAL 0.235 0.010 1234.1 0.225 54.65 — 97.8 5.781 3.557 4.160 4.160 6645 LITRAK 4.160 0.010 8.5 4.160 9.58 4.81 2,196.4
0.748 0.405 0.520 0.510 5054 TRC 0.515 -0.005 255.2 0.517 12.09 5.44 247.5 0.235 0.055 0.070 0.065 5078 M&G 0.065 -0.005 103.4 0.070 — 76.92 47.1
0.580 0.295 0.450 0.450 5042 TSRCAP 0.450 0.050 10 0.450 40.18 — 78.5 0.732 0.410 0.605 0.585 5077 MAYBULK 0.590 -0.005 682.9 0.599 — — 590.0
1.400 0.770 0.860 0.845 7070 VIZIONE 0.855 0.005 446.1 0.852 9.78 — 477.8 7.539 4.917 6.700 6.480 3816 MISC 6.690 0.020 779 6.664 28.68 4.48 29,862.8
1.350 0.470 0.505 0.490 3565 WCEHB 0.505 0.015 87.2 0.490 58.72 — 506.4 2.235 0.825 0.905 0.875 2194 MMCCORP 0.885 0.025 240.1 0.887 14.30 4.52 2,694.9
1.767 0.660 0.740 0.715 9679 WCT 0.725 0.020 3041.5 0.731 6.09 4.14 1,026.9 0.600 0.200 — — 9806 NATWIDE 0.350 — — — — — 43.1
0.775 0.150 0.195 0.185 7028 ZECON 0.185 UNCH 824.2 0.189 10.22 — 24.2 0.165 0.025 0.035 0.030 6254 PDZ 0.035 UNCH 510.4 0.034 — — 23.9
0.145 0.025 0.040 0.035 2283 ZELAN 0.040 UNCH 508.6 0.036 — — 33.8 5.339 1.550 1.880 1.810 4634 POS 1.810 0.010 2573.7 1.839 52.62 4.42 1,416.8
HEALTH CARE 1.400 0.300 0.335 0.335 8346 PRKCORP 0.335 -0.065 1.8 0.335 — — 33.5
0.700 0.350 — — 7191 ADVENTA 0.435 — — — 34.80 — 66.5 0.210 0.090 0.110 0.100 5145 SEALINK 0.110 0.005 227.1 0.105 — — 55.0
8.870 4.799 8.120 8.120 7090 AHEALTH 8.120 -0.010 2 8.120 17.43 1.60 954.5 1.563 0.960 — — 7053 SEEHUP 0.960 — — — — 3.28 77.2
1.463 0.925 1.030 0.985 7148 CCMDBIO 1.020 0.040 328.3 1.010 14.70 3.99 675.1 1.825 1.450 1.700 1.660 6521 SURIA 1.700 0.040 59.8 1.683 7.82 2.06 489.9
7.383 5.629 6.140 5.690 5168 HARTA 5.750 -0.380 8680.3 5.858 40.18 1.46 19,150.5 0.405 0.210 0.265 0.255 5173 SYSCORP 0.265 UNCH 59.9 0.263 15.87 — 318.0
0.385 0.300 0.380 0.380 7213 HOVID 0.380 UNCH 545 0.380 33.33 — 313.9 0.395 0.180 0.235 0.220 5149 TAS 0.235 0.015 105.6 0.225 — — 42.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
2.188 0.990 1.080 1.050 5140 TASCO 1.080 0.050 18.3 1.051 10.28 4.17 216.0 0.300 0.060 0.095 0.080 5255 ICON 0.090 0.005 5210.6 0.086 — — 105.9
1.400 0.720 0.750 0.730 8397 TNLOGIS 0.730 UNCH 48.3 0.732 12.37 2.74 336.4 0.300 0.070 0.085 0.075 7164 KNM 0.075 UNCH 39843.2 0.079 — — 177.7
1.150 0.350 0.850 0.850 7218 TOCEAN 0.850 0.050 1 0.850 — — 34.8 0.946 0.495 0.615 0.590 5186 MHB 0.615 0.015 254 0.604 — 4.88 984.0
3.950 3.003 3.780 3.630 5246 WPRTS 3.650 -0.090 1096.9 3.660 20.79 3.66 12,446.5 0.970 0.315 0.370 0.360 5133 PENERGY 0.370 0.020 11.2 0.366 — 5.41 119.0
1.240 0.620 0.755 0.725 5267 XINHWA 0.740 0.020 1820 0.744 21.45 1.35 159.8 0.565 0.175 0.235 0.220 7108 PERDANA 0.225 0.005 4457.9 0.228 — — 175.2
PLANTATION 0.090 0.015 0.030 0.025 0047 PERISAI 0.025 UNCH 6165.7 0.025 — — 31.5
0.220 0.140 — — 7054 AASIA 0.150 — — — — — 99.0 13.436 6.010 6.800 6.450 3042 PETRONM 6.700 0.300 218.5 6.674 5.17 3.73 1,809.0
19.315 16.200 16.660 16.420 1899 BKAWAN 16.420 -0.140 5.8 16.51 14.17 3.35 7,158.3 0.520 0.210 0.310 0.300 5256 REACH 0.300 0.010 11292 0.302 — — 328.9
8.269 6.700 7.120 7.100 5069 BLDPLNT 7.100 -0.430 55 7.100 130.51 0.42 663.9 1.050 0.275 0.295 0.285 5218 SAPNRG 0.285 -0.005 41098.6 0.290 — — 4,554.0
1.295 0.655 0.875 0.810 5254 BPLANT 0.865 0.065 521.3 0.858 — 11.40 1,937.6 0.345 0.040 0.060 0.050 7158 SCOMI 0.050 -0.005 403.5 0.055 — — 54.7
0.866 0.530 0.560 0.560 8982 CEPAT 0.560 -0.030 11.5 0.560 13.05 3.57 178.3 0.185 0.030 0.045 0.040 7045 SCOMIES 0.040 UNCH 2746.2 0.040 — — 93.7
7.947 6.435 — — 1929 CHINTEK 6.650 — — — 8.42 2.71 607.6 4.256 2.815 3.770 3.710 5279 SERBADK 3.750 0.090 1458.6 3.743 14.96 1.95 5,506.9
0.595 0.435 0.485 0.470 3948 DUTALND 0.480 UNCH 132.7 0.483 — — 406.1 0.130 0.005 0.015 0.010 1201 SUMATEC 0.015 0.005 12818.8 0.014 — — 63.8
3.459 1.973 2.800 2.800 5029 FAREAST 2.800 0.040 4.2 2.800 1.43 1.63 1,662.7 0.665 0.300 0.390 0.355 7228 T7GLOBAL 0.390 0.020 461.7 0.378 36.45 — 163.6
2.180 0.630 0.755 0.730 5222 FGV 0.730 UNCH 17767.4 0.740 — 7.19 2,663.2 0.135 0.025 0.035 0.035 7206 THHEAVY 0.035 UNCH 2550 0.035 — — 39.2
10.455 9.002 9.850 9.520 2291 GENP 9.690 -0.020 102 9.644 29.01 1.47 7,807.2 1.670 0.550 0.685 0.655 7250 UZMA 0.680 0.050 1492.5 0.674 14.29 — 217.6
0.600 0.335 0.390 0.390 7382 GLBHD 0.390 UNCH 3.5 0.390 — 2.56 86.9 0.480 0.165 0.180 0.175 5243 VELESTO 0.180 0.005 5349.6 0.179 — — 1,478.8
1.100 0.550 0.700 0.680 2135 GOPENG 0.700 0.020 6.9 0.683 33.98 3.81 188.3 1.710 0.595 0.665 0.645 5142 WASEONG 0.655 0.025 621.6 0.655 3.60 — 507.6
0.650 0.340 0.480 0.425 7501 HARNLEN 0.480 -0.010 20.3 0.479 — — 89.0 4.905 3.597 4.320 4.200 7293 YINSON 4.200 -0.020 299.7 4.233 19.52 1.43 4,591.2
2.545 1.610 1.750 1.750 5138 HSPLANT 1.750 UNCH 10 1.750 20.28 4.29 1,400.0
2.687 1.300 1.410 1.400 2216 IJMPLNT 1.410 0.020 8.1 1.405 — 3.55 1,241.6
0.920 0.610 0.680 0.660 2607 INCKEN 0.680 -0.015 1068 0.673 — 1.60 286.1
1.168 0.605 0.615 0.610 6262 INNO 0.610 -0.015 21 0.613 14.29 8.20 292.1
4.757 4.100 4.460
1.138 0.430 0.555
25.809 23.106 24.360 23.780
4.260
0.535
1961
4383
2445
IOICORP
JTIASA
KLK
4.350
0.540
24.060
UNCH
0.010
2954
1160
-0.140 1141.2
4.350 26.49
0.544 —
24.10 34.02
2.07
0.93
1.87
27,337.4
525.8
25,684.2
Ace Market
4.987 3.371 3.920 3.800 2453 KLUANG 3.920 0.120 14.6 3.866 93.11 0.26 247.6 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.453 1.130 1.300 1.280 5027 KMLOONG 1.300 UNCH 77 1.297 17.86 4.62 1,216.0 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.880 0.365 — — 1996 KRETAM 0.410 — — — — 2.44 954.3
1.550 0.800 — — 6572 KWANTAS 0.850 — — — — — 264.9 CONSUMER PRODUCTS & SERVICES
1.095 0.760 — — 4936 MALPAC 0.760 — — — — 13.16 57.0 0.725 0.325 0.410 0.395 0098 BAHVEST 0.405 0.005 490.8 0.401 25.96 — 494.7
0.857 0.560 — — 5026 MHC 0.580 — — — 10.80 3.45 114.0 0.275 0.190 0.210 0.200 0179 BIOHLDG 0.200 -0.005 1754.2 0.205 12.58 0.55 172.0
2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 0.350 0.255 0.350 0.255 0205 DPIH 0.270 0.020 128489 0.294 8.65 — 131.4
3.986 3.110 — — 2038 NSOP 3.200 — — — 9.75 1.88 224.6 0.310 0.120 0.150 0.145 0116 FOCUS 0.150 0.005 2798 0.145 — — 306.3
0.690 0.140 0.340 0.325 1902 PINEPAC 0.330 -0.005 194.2 0.331 — — 49.4 0.259 0.144 — — 0157 FOCUSP 0.190 — — — 8.80 5.26 31.4
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.170 0.085 0.090 0.090 0074 GOCEAN 0.090 Unch 10 0.090 — — 26.1
0.420 0.140 0.190 0.180 5113 RSAWIT 0.185 -0.005 262.1 0.187 — — 262.4 0.210 0.040 0.050 0.045 0170 KANGER 0.050 0.005 1570.6 0.045 8.93 — 44.6
3.954 2.981 3.050 3.040 2542 RVIEW 3.040 -0.010 9.8 3.047 33.15 1.97 197.1 0.230 0.125 0.150 0.145 0180 KTC 0.145 Unch 188.8 0.149 — — 74.0
3.817 2.740 3.100 3.090 2569 SBAGAN 3.100 0.050 3 3.093 27.39 0.65 205.6 0.230 0.105 0.125 0.120 0182 LKL 0.125 0.005 155.3 0.124 — 2.80 53.6
0.630 0.335 — — 4316 SHCHAN 0.445 — — — — — 58.7 0.780 0.280 0.380 0.370 0201 NOVA 0.375 0.015 1013 0.377 14.10 4.80 119.2
5.596 3.950 5.000 4.750 5285 SIMEPLT 5.000 0.200 3795.4 4.895 41.32 — 34,004.2 0.210 0.110 0.130 0.130 0153 OVERSEA 0.130 0.020 29.5 0.130 — — 32.0
4.053 1.960 2.360 2.180 5126 SOP 2.250 -0.010 46.3 2.279 12.44 2.67 1,284.5 0.310 0.075 0.085 0.080 0022 PARLO 0.085 0.010 144.3 0.080 0.53 — 30.9
1.833 1.455 — — 5135 SWKPLNT 1.650 — — — — 3.03 462.0 0.350 0.235 0.280 0.270 0171 PLABS 0.270 Unch 33 0.271 14.67 2.22 58.0
3.470 1.882 2.640 2.530 5012 TAANN 2.600 UNCH 71 2.585 15.74 3.85 1,156.6 0.550 0.433 0.495 0.490 0158 SCC 0.495 -0.005 13 0.490 9.61 6.87 69.9
0.514 0.145 0.190 0.180 2054 TDM 0.185 UNCH 2300.7 0.186 — 2.70 311.3 0.315 0.135 0.155 0.155 0140 STERPRO 0.155 0.005 28 0.155 — — 49.8
1.059 0.455 0.490 0.475 5112 THPLANT 0.490 0.010 23 0.478 — 7.35 433.1 0.330 0.130 0.185 0.170 0148 SUNZEN 0.185 Unch 755 0.176 84.09 1.62 97.2
1.653 0.960 1.000 0.990 9059 TSH 1.000 UNCH 62.2 0.997 26.18 2.00 1,381.8 0.405 0.196 0.355 0.340 0197 WEGMANS 0.350 0.005 8158.6 0.346 17.77 1.43 175.0
6.530 5.120 5.400 5.300 2593 UMCCA 5.400 0.100 30.7 5.349 50.14 1.48 1,132.3 0.085 0.030 0.050 0.035 0095 XINGHE 0.045 0.010 24918.4 0.043 — — 115.8
28.062 25.000 25.700 25.380 2089 UTDPLT 25.560 -0.140 3.9 25.52 13.73 1.56 5,319.9 INDUSTRIAL PRODUCTS & SERVICES
TELECOMMUNICATIONS & MEDIA 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
0.165 0.075 0.150 0.145 0159 AMEDIA 0.145 UNCH 16 0.147 — — 34.7 0.161 0.060 0.070 0.070 0105 ASIAPLY 0.070 Unch 452.5 0.070 233.33 7.14 31.2
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.120 0.045 0.050 0.050 0072 AT 0.050 Unch 90 0.050 — — 23.2
2.581 1.026 1.430 1.340 6399 ASTRO 1.400 0.040 8039.1 1.401 13.88 8.21 7,300.0 0.250 0.140 0.200 0.185 0187 BCMALL 0.195 0.020 3539.4 0.193 11.89 — 82.1
5.702 3.200 3.830 3.770 6888 AXIATA 3.810 0.010 3893.4 3.802 — 2.23 34,560.6 0.340 0.185 0.200 0.190 0163 CAREPLS 0.190 -0.010 808.1 0.195 — — 101.0
0.375 0.120 — — 6025 BJMEDIA 0.215 — — — — — 50.5 0.260 0.120 0.125 0.125 0102 CONNECT 0.125 -0.005 27.5 0.125 — — 41.2
4.785 3.844 4.500 4.420 6947 DIGI 4.470 0.020 3044.4 4.465 22.82 4.34 34,754.3 0.346 0.170 0.200 0.200 0190 ESAFE 0.200 -0.010 0.4 0.200 39.22 9.00 48.1
0.440 0.180 0.245 0.240 0059 ECOHLDS 0.245 0.010 407.5 0.242 — — 39.9 0.294 0.105 0.165 0.160 0100 ESCERAM 0.160 0.005 370 0.161 1600.0 3.75 32.9
0.590 0.280 0.320 0.305 0082 GPACKET 0.320 0.020 105 0.311 — — 288.4 0.682 0.365 0.480 0.465 0039 GFM 0.470 0.020 827.7 0.468 21.27 1.96 221.3
5.929 5.102 5.660 5.490 6012 MAXIS 5.660 0.130 1703.6 5.559 21.32 3.53 44,242.2 0.300 0.125 0.140 0.140 0175 HHGROUP 0.140 Unch 50 0.140 — — 47.5
0.810 0.250 0.365 0.350 4502 MEDIA 0.365 0.020 1135.9 0.355 — — 404.9 0.125 0.080 — — 0160 HHHCORP 0.085 — — — 16.04 — 28.3
0.465 0.181 0.200 0.195 5090 MEDIAC 0.195 -0.005 440 0.197 0.86 7.74 329.0 0.350 0.145 0.155 0.150 0188 HLT 0.155 Unch 150.9 0.155 — — 79.4
0.899 0.400 0.430 0.420 0172 OCK 0.420 -0.005 1789 0.425 15.16 2.38 366.0 0.110 0.035 0.070 0.055 0024 JAG 0.065 0.015 38152.8 0.060 36.11 2.92 98.5
0.528 0.330 0.380 0.380 7190 PPG 0.380 -0.040 6 0.380 77.55 5.26 38.0 0.313 0.185 0.205 0.200 0193 KAB 0.205 0.005 186 0.202 7.48 4.88 65.6
0.705 0.200 0.235 0.215 5252 SASBADI 0.230 0.015 2682.6 0.225 46.94 2.91 96.4 0.240 0.105 0.110 0.110 0167 MCLEAN 0.110 Unch 61.7 0.110 — — 19.7
0.860 0.530 — — 9431 SJC 0.860 — — — 73.50 — 34.9 0.260 0.135 — — 0081 MEGASUN 0.200 — — — 22.73 — 44.1
1.504 0.620 0.700 0.690 6084 STAR 0.690 -0.010 72.3 0.695 — 17.39 509.6 0.165 0.050 — — 0177 PASUKGB 0.055 — — — — — 44.6
8.981 7.060 8.300 8.140 5031 TIMECOM 8.250 -0.130 293.4 8.217 18.05 0.64 4,815.5 0.350 0.130 — — 0038 PTB 0.160 — — — — — 29.8
6.078 2.110 2.640 2.600 4863 TM 2.620 0.040 3273.9 2.615 27.38 8.21 9,845.8 0.380 0.165 0.220 0.210 0196 QES 0.220 0.005 3845.5 0.216 11.28 — 166.8
0.695 0.085 — — 5754 UTUSAN 0.130 — — — — — 14.4 0.180 0.055 0.065 0.055 0133 SANICHI 0.065 0.005 12344.4 0.060 — — 72.1
TECHNOLOGY 0.235 0.090 0.120 0.110 0161 SCH 0.110 Unch 356.4 0.113 — — 61.1
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.745 0.280 0.580 0.565 0001 SCOMNET 0.565 0.005 1075 0.573 28.68 — 363.3
0.295 0.120 0.135 0.125 5195 CENSOF 0.135 0.005 475.6 0.130 — — 67.7 0.207 0.115 0.135 0.130 0028 SCOPE 0.135 0.005 53 0.130 — 3.70 75.7
0.665 0.130 0.180 0.175 0051 CUSCAPI 0.180 0.005 2124.3 0.178 — — 154.7 0.205 0.080 0.120 0.100 0055 SERSOL 0.115 0.010 1296.6 0.116 — — 24.8
0.993 0.542 0.720 0.695 7204 D&O 0.720 0.030 1357.2 0.708 24.16 1.15 793.8 0.595 0.254 0.320 0.310 0084 TECFAST 0.315 0.010 132.6 0.316 18.21 3.17 71.9
0.365 0.175 0.225 0.220 8338 DATAPRP 0.220 UNCH 849.9 0.220 — — 92.7 0.813 0.520 0.580 0.570 0089 TEXCYCL 0.580 0.005 32.7 0.580 14.54 1.72 148.6
0.145 0.040 0.045 0.045 0029 DIGISTA 0.045 UNCH 105 0.045 — — 29.6 0.460 0.220 0.250 0.240 0162 WIDAD 0.245 0.005 682.5 0.245 — — 601.4
0.570 0.195 0.255 0.240 4456 DNEX 0.240 -0.010 14145.5 0.251 8.45 2.08 421.9 0.215 0.125 0.155 0.140 0025 YBS 0.155 0.010 5 0.149 19.38 — 37.5
1.231 0.285 0.430 0.410 5216 DSONIC 0.420 0.010 9640.2 0.423 11.80 8.33 567.0 TECHNOLOGY
0.930 0.335 0.460 0.445 5036 EDARAN 0.460 0.015 1202.4 0.455 3.73 — 27.6 0.545 0.190 0.225 0.210 0181 AEMULUS 0.215 Unch 1318.4 0.218 22.40 0.93 118.0
1.596 0.324 0.470 0.455 0065 EFORCE 0.460 0.010 625.2 0.461 27.88 3.26 190.7 0.430 0.090 0.105 0.100 0119 APPASIA 0.105 0.010 251.2 0.100 87.50 — 36.3
1.476 0.895 1.050 1.010 0090 ELSOFT 1.020 UNCH 857.3 1.022 15.99 3.26 679.1
0.983 0.341 0.740 0.690 0128 FRONTKN 0.740 0.055 10649.5 0.719 17.87 0.95 779.5 0.535 0.130 0.210 0.195 0068 ASDION 0.205 0.010 6000.4 0.202 — — 23.8
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.636 0.351 0.385 0.380 0195 BINACOM 0.380 0.005 218.9 0.382 9.38 2.63 98.8
1.860 1.030 1.640 1.610 0021 GHLSYS 1.620 0.010 235.9 1.631 50.63 — 1,195.5 0.484 0.200 0.215 0.200 0191 CABNET 0.210 -0.005 91.5 0.203 9.38 4.52 37.5
0.590 0.280 0.320 0.305 0082 GPACKET 0.320 0.020 105 0.311 — — 288.4 0.233 0.098 0.145 0.140 0152 DGB 0.140 0.015 1114 0.144 — — 105.9
0.252 0.180 0.200 0.190 0056 GRANFLO 0.195 -0.005 193.1 0.191 10.05 3.08 94.2 0.320 0.080 0.090 0.080 0131 DGSB 0.090 0.010 3332.6 0.087 — — 67.1
2.896 1.390 1.550 1.470 7022 GTRONIC 1.520 0.080 3438.9 1.515 13.84 1.32 1,016.9 0.044 0.010 0.020 0.015 0154 EAH 0.020 Unch 1072 0.018 — — 101.4
0.800 0.340 — — 5028 HTPADU 0.440 — — — — — 44.5 0.180 0.020 0.030 0.025 0107 EDUSPEC 0.030 Unch 145 0.026 — — 30.1
2.506 1.220 1.350 1.280 0166 INARI 1.330 0.100 33361.1 1.318 15.48 4.86 4,211.7 2.040 1.090 1.620 1.570 0104 GENETEC 1.580 0.010 25.1 1.578 7.76 1.58 65.9
0.420 0.250 0.275 0.270 0192 INTA 0.275 0.005 297.2 0.275 1.73 — 147.2 0.100 0.045 0.065 0.065 0045 GNB 0.065 Unch 1 0.065 — — 18.8
0.235 0.070 0.085 0.070 9393 ITRONIC 0.080 0.005 620.3 0.080 — — 8.2 0.150 0.020 0.030 0.030 0174 IDMENSN 0.030 Unch 766.8 0.030 — — 8.2
0.484 0.155 0.180 0.165 5161 JCY 0.175 UNCH 1021.2 0.172 — 17.14 363.5 0.403 0.185 0.215 0.205 0023 IFCAMSC 0.210 0.010 2389.5 0.208 18.92 2.38 127.7
22.454 7.410 8.250 7.590 9334 KESM 8.250 0.800 200.5 7.899 11.60 2.24 354.9 0.145 0.055 0.120 0.105 0094 INIX 0.115 0.015 16152.3 0.115 — — 29.8
0.260 0.095 0.110 0.105 0143 KEYASIC 0.110 0.005 6082.4 0.109 20.37 — 104.6 0.245 0.115 0.145 0.140 0010 IRIS 0.140 -0.005 15758.9 0.144 — — 415.3
3.341 1.358 2.250 2.180 5286 MI 2.200 0.050 387.5 2.223 16.79 — 1,100.0 1.360 0.590 — — 0146 JFTECH 0.695 — — — 97.89 1.73 145.9
1.457 0.660 0.705 0.680 0113 MMSV 0.685 0.005 468.9 0.696 12.36 2.34 139.6 1.686 0.696 0.865 0.840 0127 JHM 0.855 0.030 2163.8 0.853 14.42 1.98 476.7
13.087 7.363 9.970 9.750 3867 MPI 9.840 0.190 122 9.811 12.59 2.95 2,065.3 0.292 0.108 0.235 0.225 0111 K1 0.225 0.005 4640.5 0.229 225.00 — 164.0
1.385 0.950 1.150 1.120 5011 MSNIAGA 1.130 0.080 68 1.143 5.53 4.42 68.3 0.165 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 181.7 0.045 — — 23.4
3.030 0.655 0.975 0.945 0138 MYEG 0.950 0.005 45188.4 0.964 45.24 1.79 3,426.0 0.960 0.430 0.615 0.600 0176 KRONO 0.605 0.005 1634.4 0.607 13.36 — 241.3
0.783 0.507 0.615 0.585 0083 NOTION 0.615 0.035 2317.3 0.602 4.59 1.63 204.9 0.270 0.115 0.130 0.120 0018 LAMBO 0.130 0.005 24.2 0.125 13.54 — 271.7
0.550 0.335 0.405 0.395 9008 OMESTI 0.400 -0.010 330 0.395 — — 190.8 0.180 0.045 0.055 0.050 0017 M3TECH 0.055 0.005 18.2 0.051 — — 32.3
0.315 0.195 0.225 0.200 0041 PANPAGE 0.220 0.020 942.3 0.209 — — 58.4 0.690 0.310 0.400 0.375 0075 MEXTER 0.395 Unch 106.2 0.382 — — 128.3
3.870 1.700 2.650 2.410 7160 PENTA 2.640 0.320 2411.5 2.536 17.18 — 835.8 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
1.910 0.255 0.435 0.405 5204 PRESBHD 0.430 0.010 11752.6 0.419 42.57 3.95 208.1 0.780 0.335 0.540 0.520 0126 MICROLN 0.540 -0.005 42 0.529 — — 90.4
0.545 0.240 0.265 0.265 9075 THETA 0.265 UNCH 3.1 0.265 — — 28.4 0.474 0.190 0.225 0.210 0112 MIKROMB 0.225 0.005 48 0.225 21.43 4.44 97.0
0.060 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 840.4 0.014 — — 32.0 0.100 0.035 0.050 0.045 0085 MLAB 0.050 Unch 4032.7 0.050 — — 33.5
0.210 0.105 0.110 0.110 4359 TURIYA 0.110 UNCH 45 0.110 — — 25.2 0.310 0.160 — — 0034 MMAG 0.225 — — — — — 142.8
3.482 1.574 3.260 3.080 5005 UNISEM 3.150 -0.130 29.4 3.199 22.07 2.70 2,311.6 0.110 0.040 0.055 0.045 0103 MNC 0.050 0.005 933.3 0.049 — — 23.9
8.492 5.046 5.900 5.800 0097 VITROX 5.880 0.120 146.9 5.882 28.59 0.81 2,766.8 0.250 0.100 0.120 0.115 0156 MPAY 0.115 Unch 1514.6 0.120 — — 81.7
1.253 0.907 0.965 0.955 5162 VSTECS 0.955 0.010 24 0.960 6.15 5.24 171.9 0.075 0.025 0.035 0.030 0070 MQTECH 0.035 0.005 100 0.035 — — 17.4
0.648 0.415 0.480 0.465 0008 WILLOW 0.480 0.020 15 0.475 19.12 2.08 238.1 0.180 0.070 0.075 0.075 0092 MTOUCHE 0.075 0.005 212 0.075 — — 38.1
UTILITIES 1.274 0.623 1.060 1.040 0108 N2N 1.060 0.030 178 1.051 33.44 3.77 633.8
0.444 0.090 0.120 0.110 7471 EDEN 0.120 0.005 1953.6 0.115 — — 45.3 0.050 0.010 0.020 0.020 0020 NETX 0.020 Unch 211 0.020 — — 56.0
2.960 2.543 2.880 2.810 5209 GASMSIA 2.810 -0.080 15.2 2.825 17.49 4.80 3,608.0 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 570 0.020 — — 41.4
2.060 1.051 1.240 1.210 5843 KPS 1.240 0.040 398.7 1.228 — 3.43 666.4 0.205 0.080 0.120 0.110 0026 NOVAMSC 0.115 0.005 7503.4 0.115 50.00 — 86.4
1.012 0.745 0.830 0.800 5264 MALAKOF 0.805 UNCH 898.7 0.810 1.64 7.20 4,025.0 1.152 0.320 0.640 0.615 0035 OPCOM 0.625 0.010 1993.8 0.625 11.55 5.20 100.8
3.806 2.990 3.100 3.100 3069 MFCB 3.100 0.010 60.5 3.100 9.79 1.29 1,293.8 0.375 0.256 0.305 0.300 0040 OPENSYS 0.300 Unch 306.8 0.303 9.17 4.17 89.4
1.275 1.020 1.110 1.070 5041 PBA 1.110 0.010 2 1.090 10.47 3.60 367.7 0.170 0.040 0.120 0.105 0079 ORION 0.115 0.010 31951 0.114 — — 68.9
20.000 15.928 18.600 17.600 6033 PETGAS 18.000 -0.420 801.9 18.09 18.00 3.83 35,617.2 0.730 0.240 0.300 0.290 0006 PINEAPP 0.300 Unch 49 0.293 272.7 — 14.6
1.309 0.608 1.200 1.160 5272 RANHILL 1.180 0.030 377.2 1.184 15.63 6.78 1,048.2 0.165 0.045 0.060 0.060 0123 PRIVA 0.060 Unch 100.1 0.060 — — 33.5
0.389 0.220 0.245 0.235 8567 SALCON 0.235 UNCH 2284.4 0.238 — 3.40 199.1 1.504 0.474 1.260 1.230 0200 REVENUE 1.250 0.030 2216 1.252 36.44 — 278.6
0.883 0.417 0.840 0.800 8524 TALIWRK 0.800 0.005 4025.6 0.803 37.21 6.00 1,612.7 0.781 0.525 0.580 0.580 0106 REXIT 0.580 0.010 12.3 0.580 13.30 5.17 109.8
15.787 12.520 14.060 13.560 5347 TENAGA 13.940 0.480 5692.4 13.93 13.40 4.76 79,275.2 0.650 0.230 0.245 0.240 0202 RGTECH 0.245 0.005 504.3 0.241 21.68 — 128.7
1.494 0.882 1.050 1.030 4677 YTL 1.040 UNCH 2369.6 1.039 31.80 3.85 11,347.0 0.355 0.090 0.100 0.095 0178 SEDANIA 0.095 0.005 68 0.098 — 10.53 21.5
1.265 0.694 0.865 0.835 6742 YTLPOWR 0.855 0.015 484.5 0.859 11.06 5.85 6,975.3 0.560 0.370 0.405 0.390 0203 SMETRIC 0.405 Unch 143.9 0.393 — — 98.7
CLOSED-END FUNDS 0.235 0.095 0.115 0.110 0117 SMRT 0.115 -0.005 151 0.110 0.45 — 46.8
2.880 2.340 2.440 2.400 5108 ICAP 2.440 -0.030 6 2.417 39.80 — 341.6 0.280 0.070 0.085 0.075 0169 SMTRACK 0.080 -0.005 422.3 0.080 — — 11.7
EXCHANGE TRADED FUNDS 0.270 0.080 0.090 0.090 0093 SOLUTN 0.090 -0.005 136.5 0.090 — — 27.6
1.190 1.146 — — 0800EA ABFMY1 1.147 — — — — 4.05 1,419.9 0.285 0.150 0.260 0.255 0129 SRIDGE 0.255 0.005 77.9 0.259 17.35 — 34.8
2.100 1.735 — — 0822EA CIMBA40 1.825 — — — — 3.73 4.9 0.375 0.180 0.200 0.190 0050 SYSTECH 0.200 0.010 536.7 0.198 36.36 — 69.5
1.845 1.450 1.460 1.460 0823EA CIMBC50 1.460 0.010 1.7 1.460 — — 10.4 0.145 0.090 0.105 0.100 0132 TDEX 0.105 0.005 1381.2 0.102 — — 62.0
1.960 1.750 1.770 1.770 0820EA FBMKLCI-EA 1.770 0.020 1.4 1.770 — 1.86 3.0 0.210 0.085 — — 0145 TFP 0.095 — — — — — 19.5
1.775 1.600 1.750 1.750 0828EA GOLDETF 1.750 -0.015 220 1.750 — — 43.1 0.580 0.200 0.275 0.260 0005 UCREST 0.270 0.010 8903.5 0.267 5.20 — 125.3
1.100 0.940 — — 0826EA METFAPA 1.020 — — — — — 18.4 0.110 0.065 0.085 0.085 0060 VC 0.085 Unch 112 0.085 77.27 — 51.8
0.922 0.795 — — 0825EA METFSID 0.809 — — — — 1.87 71.2 0.795 0.290 0.475 0.445 0120 VIS 0.450 -0.010 4209.8 0.460 9.28 — 76.1
1.100 0.900 — — 0827EA METFUS50 0.985 — — — — — 12.8 0.116 0.015 0.025 0.020 0069 VIVOCOM 0.020 Unch 186.6 0.020 — — 113.3
1.250 1.060 — — 0821EA MYETFDJ 1.090 — — — — 2.19 300.7 0.145 0.085 0.110 0.105 0066 VSOLAR 0.105 0.005 1294 0.110 — — 40.5
1.210 1.085 — — 0824EA MYETFID 1.160 — — — — 2.42 53.8 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
REAL ESTATE INVESTMENT TRUSTS 0.200 0.100 0.100 0.100 0086 YGL 0.100 Unch 30 0.100 — — 23.2
0.830 0.675 — — 4952 AHP 0.725 — — — 8.56 7.10 159.5 TELECOMMUNICATIONS & MEDIA
1.310 1.030 — — 5116 ALAQAR 1.300 — — — 11.10 3.95 956.8 0.636 0.351 0.385 0.380 0195 BINACOM 0.380 0.005 218.9 0.382 9.38 2.63 98.8
0.921 0.765 0.790 0.780 5269 ALSREIT 0.790 0.010 7.5 0.785 12.15 5.80 458.2 0.880 0.530 — — 0147 INNITY 0.670 — — — 41.10 — 93.0
0.630 0.515 0.535 0.520 5120 AMFIRST 0.535 0.010 85.5 0.527 31.47 7.38 367.2 0.180 0.045 0.055 0.050 0017 M3TECH 0.055 0.005 18.2 0.051 — — 32.3
0.863 0.778 0.825 0.810 5127 ARREIT 0.810 UNCH 161.6 0.821 3.19 7.40 464.3 0.110 0.040 0.055 0.045 0103 MNC 0.050 0.005 933.3 0.049 — — 23.9
1.140 1.005 1.120 1.120 5130 ATRIUM 1.120 UNCH 2.2 1.120 7.28 7.01 136.4 0.180 0.070 0.075 0.075 0092 MTOUCHE 0.075 0.005 212 0.075 — — 38.1
1.620 1.135 1.610 1.590 5106 AXREIT 1.600 0.020 835.3 1.600 16.21 4.67 1,979.7 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 570 0.020 — — 41.4
1.358 0.940 1.050 1.020 5180 CMMT 1.040 -0.010 1503.8 1.036 13.68 7.79 2,125.9 1.152 0.320 0.640 0.615 0035 OPCOM 0.625 0.010 1993.8 0.625 11.55 5.20 100.8
1.218 1.090 1.150 1.140 5121 HEKTAR 1.150 0.010 88.2 1.144 12.55 8.70 531.3 0.165 0.045 0.060 0.060 0123 PRIVA 0.060 Unch 100.1 0.060 — — 33.5
1.750 1.382 1.740 1.730 5227 IGBREIT 1.730 -0.010 810.1 1.738 17.65 5.41 6,115.2 0.340 0.095 0.110 0.100 0007 PUC 0.105 -0.005 28355.2 0.105 — — 201.7
0.864 0.640 0.790 0.775 5280 KIPREIT 0.785 UNCH 345.8 0.781 10.65 8.64 396.7 0.425 0.150 0.190 0.185 0032 REDTONE 0.185 0.005 345 0.188 16.23 — 140.3
7.960 6.538 7.800 7.700 5235SS KLCC 7.800 0.030 35.5 7.782 15.88 4.48 14,081.6
0.465 0.160 0.205 0.200 0173 REV 0.205 -0.005 33.7 0.202 — — 27.6
1.160 0.953 1.090 1.080 5123 MQREIT 1.080 -0.010 22 1.081 16.90 3.92 1,157.5
1.725 1.280 1.660 1.640 5212 PAVREIT 1.650 0.010 167.2 1.648 18.46 5.22 5,010.6 0.355 0.090 0.100 0.095 0178 SEDANIA 0.095 0.005 68 0.098 — 10.53 21.5
1.790 1.403 1.760 1.730 5176 SUNREIT 1.750 UNCH 3010.4 1.747 12.25 5.36 5,153.9 0.285 0.150 0.260 0.255 0129 SRIDGE 0.255 0.005 77.9 0.259 17.35 — 34.8
1.144 0.876 0.905 0.900 5111 TWRREIT 0.900 UNCH 134.1 0.901 16.57 4.56 252.5 0.135 0.050 0.060 0.050 0165 XOX 0.060 0.005 7545.4 0.055 — — 65.5
1.535 1.285 1.330 1.330 5110 UOAREIT 1.330 0.030 0.3 1.330 9.87 6.23 562.4 FINANCIAL SERVICES
1.249 1.017 1.230 1.200 5109 YTLREIT 1.210 UNCH 305.6 1.217 8.66 6.30 2,062.3 0.185 0.045 0.065 0.060 0150 FINTEC 0.060 -0.005 502.3 0.061 — — 36.3
SPAC 0.630 0.455 0.540 0.500 0053 OSKVI 0.540 Unch 11.6 0.503 — 9.26 106.7
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 HEALTH CARE
0.510 0.460 0.510 0.505 5270 RSENA 0.505 UNCH 264 0.505 — — 505.0 0.340 0.185 0.200 0.190 0163 CAREPLS 0.190 -0.010 808.1 0.195 — — 101.0
ENERGY 0.230 0.105 0.125 0.120 0182 LKL 0.125 0.005 155.3 0.124 — 2.80 53.6
0.220 0.060 0.090 0.080 5115 ALAM 0.085 UNCH 1676.2 0.082 — — 78.6 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
0.950 0.145 0.160 0.150 5210 ARMADA 0.150 -0.005 71887.1 0.155 — — 880.6 0.780 0.280 0.380 0.370 0201 NOVA 0.375 0.015 1013 0.377 14.10 4.80 119.2
0.385 0.040 0.085 0.065 7251 BARAKAH 0.070 -0.005 20693.1 0.074 — — 58.5 TRANSPORTATION & LOGISTICS
0.625 0.205 0.625 0.575 5257 CARIMIN 0.615 0.035 13879 0.607 — — 143.8 0.135 0.060 0.100 0.095 0048 ANCOMLB 0.095 Unch 67.1 0.098 — — 45.0
1.450 0.735 0.785 0.760 5071 COASTAL 0.765 0.005 13.6 0.771 — 2.61 406.7 0.300 0.210 0.225 0.215 0080 STRAITS 0.220 Unch 400.5 0.219 24.18 — 123.0
0.110 0.005 0.015 0.005 0091 DAYA 0.010 -0.005 11899.2 0.010 — — 20.4 0.559 0.295 0.360 0.350 0199 TRIMODE 0.360 0.005 100.2 0.350 11.54 2.78 59.8
0.920 0.500 0.600 0.565 5141 DAYANG 0.570 -0.005 2748.2 0.585 48.72 — 549.9 CONSTRUCTION
1.340 0.875 1.010 1.000 5132 DELEUM 1.000 UNCH 79.5 1.002 12.08 4.50 401.1 0.438 0.220 0.240 0.230 0198 GDB 0.230 0.005 1608.4 0.232 4.38 4.35 143.8
3.637 2.440 2.970 2.800 7277 DIALOG 2.840 -0.070 13824.6 2.864 34.51 1.13 16,022.3 0.045 0.010 0.015 0.015 0109 SCBUILD 0.015 Unch 20 0.015 10.71 — 13.2
0.535 0.215 0.335 0.315 7253 HANDAL 0.315 -0.015 66 0.324 — — 50.4 PLANTATION
17.661 4.510 5.220 4.870 4324 HENGYUAN 5.050 0.200 611.8 5.087 6.45 0.40 1,515.0 0.120 0.065 0.075 0.070 0189 MATANG 0.070 Unch 313.9 0.071 38.89 2.86 126.7
1.360 0.705 0.960 0.925 5199 HIBISCS 0.945 0.050 44381.2 0.944 5.11 — 1,500.9 UTILITIES
0.665 0.130 0.165 0.155 2739 HUAAN 0.160 0.005 15381.3 0.158 4.43 — 179.6 0.345 0.199 0.225 0.225 0011 BTECH 0.225 0.010 40 0.225 13.64 7.11 56.7

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
Main Market & Ace Market Warrants 0.225 0.070 0.155 0.145 06506H FBMKLCI-H6H 0.155 -0.010 951.2 1,679 1,780 12.47 28/02/2019
0.360 0.215 0.225 0.225 06506I FBMKLCI-H6I 0.225 -0.020 150 1,679 1,680 4.07 28/02/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.495 0.305 0.355 0.335 06506J FBMKLCI-H6J 0.355 -0.020 361.1 1,679 1,760 11.16 28/02/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.185 0.105 0.145 0.140 06506L FBMKLCI-H6L 0.145 -0.010 138 1,679 1,788 15.12 31/05/2019
0.280 0.170 0.210 0.205 06506M FBMKLCI-H6M 0.205 -0.020 35 1,679 1,800 15.75 30/04/2019
0.395 0.015 0.035 0.030 70322 A50CHIN-C22 0.030 Unch 319.6 3.976 7.393 87.07 29/03/2019 0.555 0.420 0.450 0.425 06506O FBMKLCI-H6O 0.445 -0.010 72 1,679 1,740 11.57 30/04/2019
0.605 0.135 0.210 0.175 70324 A50CHIN-C24 0.175 -0.005 12305.8 6.071 6.337 8.70 29/03/2019 0.190 0.090 0.110 0.100 06506P FBMKLCI-H6P 0.110 -0.005 1034.4 1,679 1,680 4.64 31/05/2019
0.325 0.185 — — 70326 A50CHIN-C26 0.195 — — 6.070 6.231 12.29 25/06/2019 0.185 0.115 0.130 0.125 06506Q FBMKLCI-H6Q 0.130 -0.010 1005 1,679 1,700 6.66 28/06/2019
0.180 0.085 — — 70328 A50CHIN-C28 0.085 — — 6.071 7.287 24.24 25/06/2019 0.555 0.430 0.440 0.440 06506S FBMKLCI-H6S 0.440 -0.020 13 1,679 1,690 8.51 31/05/2019
0.205 0.075 0.110 0.105 70330 A50CHIN-C30 0.110 0.035 60 6.071 7.657 28.84 28/06/2019 0.105 0.030 — — 522256 FGV-C56 0.030 — — 0.730 2.000 185.07 29/03/2019
0.435 0.190 0.240 0.230 70332 A50CHIN-C32 0.235 0.010 13854 6.071 6.601 14.53 28/06/2019 0.080 0.005 0.005 0.005 522258 FGV-C58 0.005 Unch 50 0.730 1.700 134.25 28/06/2019
0.300 0.145 0.190 0.185 70323 A50CHIN-H23 0.190 -0.025 9611 6.071 5.809 0.37 29/03/2019 0.065 0.040 0.055 0.050 522263 FGV-C63 0.050 Unch 1485 0.730 0.950 42.47 28/06/2019
0.180 0.110 — — 70325 A50CHIN-H25 0.180 — — 6.071 5.281 -8.57 28/06/2019 0.065 0.010 0.015 0.015 0150WA FINTEC-WA 0.015 Unch 651.8 0.060 0.300 425.00 19/04/2024
0.505 0.325 — — 70327 A50CHIN-H27 0.500 — — 6.071 6.337 16.73 28/06/2019 0.105 0.020 0.025 0.025 0150WB FINTEC-WB 0.025 Unch 122.3 0.060 0.150 191.67 03/12/2022
0.145 0.005 0.005 0.005 523819 AAX-C19 0.005 Unch 500 0.305 0.410 36.39 18/02/2019 0.187 0.070 0.090 0.090 0116WC FOCUS-WC 0.090 -0.010 190 0.150 0.050 -6.67 06/11/2019
0.030 0.005 0.015 0.015 523820 AAX-C20 0.015 0.010 427.9 0.305 0.400 37.05 26/03/2019 0.490 0.075 0.130 0.120 9261WB GADANG-WB 0.125 0.005 1001.5 0.560 1.060 111.61 29/11/2021
0.040 0.005 0.015 0.010 523821 AAX-C21 0.015 0.010 100 0.305 0.430 46.89 29/03/2019 0.115 0.005 0.010 0.005 539854 GAMUDA-C54 0.005 Unch 1080 2.450 3.800 56.12 01/03/2019
0.220 0.045 0.080 0.055 5238WA AAX-WA 0.075 0.020 19705.8 0.305 0.460 75.41 08/06/2020 0.050 0.015 0.030 0.025 539857 GAMUDA-C57 0.030 0.010 1188.2 2.450 3.500 46.53 31/07/2019
0.110 0.030 — — 2488CX ABMB-CX 0.030 — — 4.110 4.280 8.52 27/02/2019 0.105 0.050 0.065 0.055 539858 GAMUDA-C58 0.065 0.015 1286 2.450 2.800 30.20 30/04/2019
0.165 0.100 — — 2488CY ABMB-CY 0.100 — — 4.110 4.100 9.49 31/05/2019 0.140 0.070 0.105 0.085 539859 GAMUDA-C59 0.100 0.020 458.8 2.450 2.350 12.24 30/08/2019
0.070 0.010 0.015 0.010 7146WA AEM-WA 0.015 Unch 707.6 0.110 0.250 140.91 17/12/2019 0.080 0.045 0.060 0.055 539861 GAMUDA-C61 0.060 0.010 870 2.450 3.200 40.41 31/05/2019
0.200 0.010 — — 6599CM AEON-CM 0.010 — — 1.410 2.600 86.52 31/01/2019 1.300 0.125 0.220 0.175 5398WE GAMUDA-WE 0.200 0.035 2322.6 2.450 4.050 73.47 06/03/2021
0.110 0.015 — — 6599CN AEON-CN 0.015 — — 1.410 2.500 81.56 28/02/2019 0.410 0.135 0.235 0.220 5226WB GBGAQRS-WB 0.225 Unch 10799.6 1.000 1.120 34.50 26/09/2023
0.175 0.035 0.040 0.035 6599CO AEON-CO 0.035 -0.005 83 1.410 1.650 21.99 31/07/2019 0.425 0.035 0.070 0.055 0078WB GDEX-WB 0.055 Unch 1910.9 0.305 0.383 43.44 05/02/2020
0.130 0.050 — — 6599CP AEON-CP 0.050 — — 1.410 1.700 31.21 30/05/2019 0.165 0.005 0.005 0.005 471538 GENM-C38 0.005 Unch 60 1.550 5.500 256.45 26/03/2019
0.030 0.025 — — 6599CQ AEON-CQ 0.025 — — 1.410 2.000 47.16 28/06/2019 0.085 0.010 0.015 0.010 471541 GENM-C41 0.015 0.005 853 3.110 5.050 64.79 31/07/2019
0.150 0.015 0.030 0.030 7315WB AHB-WB 0.030 Unch 110 0.145 0.200 58.62 28/08/2019 0.125 0.030 0.050 0.040 471542 GENM-C42 0.050 0.010 125.5 3.110 4.600 55.14 28/06/2019
0.200 0.025 — — 509959 AIRASIAC59 0.025 — — 2.960 4.516 54.76 30/04/2019 0.085 0.040 0.055 0.050 471543 GENM-C43 0.055 0.005 1088.6 3.110 3.900 34.24 25/06/2019
0.130 0.005 — — 509962 AIRASIAC62 0.015 — — 2.960 3.257 12.22 31/01/2019 0.075 0.050 0.065 0.065 471544 GENM-C44 0.065 0.005 0.4 3.110 4.000 39.07 28/06/2019
0.150 0.010 0.035 0.030 509965 AIRASIAC65 0.030 -0.005 2360.3 2.960 3.126 8.26 28/02/2019 0.145 0.105 0.140 0.140 471545 GENM-C45 0.140 0.015 20 3.110 2.900 15.76 13/06/2019
0.240 0.015 0.075 0.065 509966 AIRASIAC66 0.075 0.010 85.6 2.960 2.822 1.95 16/01/2019 0.140 0.100 0.130 0.120 471546 GENM-C46 0.130 0.015 1992.1 3.110 3.400 30.23 31/07/2019
0.270 0.035 0.210 0.185 509967 AIRASIAC67 0.195 0.005 1654.3 2.960 2.605 5.18 30/04/2019 0.140 0.100 0.125 0.115 471547 GENM-C47 0.125 0.010 3366.3 3.110 3.200 20.98 25/06/2019
0.175 0.020 0.065 0.060 509968 AIRASIAC68 0.065 Unch 22.5 2.960 3.387 20.90 29/03/2019 2.990 1.490 2.020 2.000 2291WA GENP-WA 2.000 0.050 4.4 9.690 7.750 0.62 17/06/2019
0.130 0.025 0.115 0.105 509969 AIRASIAC69 0.110 Unch 4013 2.960 2.953 10.40 29/03/2019 0.175 0.065 0.070 0.070 318257 GENTINGC57 0.070 0.005 910 6.060 7.700 32.84 28/06/2019
0.080 0.020 0.070 0.065 509970 AIRASIAC70 0.070 0.005 640 2.960 3.083 12.37 04/04/2019 0.105 0.025 0.035 0.030 318258 GENTINGC58 0.035 0.010 45.2 6.060 7.250 23.68 30/09/2019
0.160 0.030 0.155 0.150 509971 AIRASIAC71 0.155 0.010 225.9 2.960 2.822 8.99 31/07/2019 0.115 0.085 0.085 0.085 318260 GENTINGC60 0.085 -0.005 0.8 6.060 7.180 26.20 28/06/2019
0.260 0.085 0.245 0.245 509972 AIRASIAC72 0.245 0.015 90.2 2.960 2.518 10.24 28/06/2019 0.095 0.065 0.070 0.070 318261 GENTINGC61 0.070 0.005 110 6.060 6.600 17.00 13/06/2019
0.305 0.130 0.280 0.275 509973 AIRASIAC73 0.275 0.010 55.8 2.960 2.432 6.35 20/05/2019 0.135 0.090 0.100 0.095 318262 GENTINGC62 0.100 0.010 1026 6.060 7.000 23.43 28/06/2019
0.395 0.180 0.395 0.360 509974 AIRASIAC74 0.365 0.010 176 2.960 2.171 5.47 28/06/2019 0.170 0.050 0.085 0.080 5220WA GLOTEC-WA 0.085 0.005 217.4 0.565 0.720 42.48 19/12/2021
0.205 0.135 — — 509975 AIRASIAC75 0.185 — — 2.960 2.692 12.66 13/06/2019 0.115 0.005 0.010 0.010 1147WA GOB-WA 0.010 -0.005 155.4 0.185 0.800 337.84 24/12/2019
0.135 0.010 — — 5014C1 AIRPORT-C1 0.010 — — 8.000 9.000 13.75 31/01/2019 0.100 0.050 0.060 0.055 0082WB GPACKET-WB 0.060 Unch 166 0.320 0.400 43.75 24/11/2023
0.105 0.055 0.070 0.070 5014C4 AIRPORT-C4 0.070 -0.005 295.8 8.000 8.350 12.25 30/09/2019 0.070 0.055 0.060 0.055 7022CV GTRONIC-CV 0.060 0.005 300 1.520 2.000 47.37 23/10/2019
0.145 0.105 — — 5014C5 AIRPORT-C5 0.130 — — 8.000 9.300 26.81 28/06/2019 0.075 0.030 0.040 0.035 7022CW GTRONIC-CW 0.040 0.010 101 1.520 2.200 53.95 28/06/2019
0.205 0.155 0.160 0.160 5014C6 AIRPORT-C6 0.160 -0.005 1200 8.000 8.300 21.75 23/10/2019 0.285 0.080 0.080 0.080 2062WC HARBOUR-WC 0.080 -0.020 0.8 0.710 1.560 130.99 03/04/2021
0.165 0.120 — — 5014C7 AIRPORT-C7 0.165 — — 8.000 8.180 18.75 28/06/2019 0.240 0.005 0.005 0.005 516811 HARTA-C11 0.005 -0.005 72.5 1.540 7.000 355.84 29/03/2019
0.190 0.005 — — 5014CZ AIRPORT-CZ 0.005 — — 2.767 9.000 226.44 31/01/2019 0.285 0.025 0.060 0.025 516813 HARTA-C13 0.025 -0.035 311.5 5.750 5.800 3.91 16/01/2019
0.230 0.085 0.095 0.090 7609WA AJIYA-WA 0.090 Unch 102.5 0.535 0.920 88.79 28/08/2021 0.330 0.035 0.060 0.035 516814 HARTA-C14 0.035 -0.030 831.2 5.750 6.500 16.09 18/02/2019
0.200 0.050 0.200 0.185 101510 AMBANK-C10 0.185 0.020 112.5 4.580 4.200 1.80 31/05/2019 0.100 0.020 0.030 0.020 516818 HARTA-C18 0.020 -0.020 1085.6 5.750 7.000 24.17 31/07/2019
0.165 0.160 — — 101511 AMBANK-C11 0.165 — — 4.580 4.100 3.93 31/05/2019 0.150 0.030 0.035 0.035 4324C4 HENGYUAN-C4 0.035 0.005 30 5.050 7.000 46.93 15/04/2019
0.170 0.110 — — 101512 AMBANK-C12 0.135 — — 4.580 4.250 4.59 30/05/2019 0.105 0.050 0.055 0.050 4324C6 HENGYUAN-C6 0.050 -0.035 20 5.050 6.850 50.50 30/05/2019
0.105 0.005 — — 6556CP ANNJOO-CP 0.005 — — 1.370 2.300 69.53 31/01/2019 0.205 0.025 0.050 0.050 4324CZ HENGYUAN-CZ 0.050 0.025 10 5.050 6.380 41.19 29/03/2019
0.050 0.005 — — 9342WA ANZO-WA 0.005 — — 0.045 0.250 466.67 19/11/2019 0.305 0.060 0.085 0.080 5072WB HIAPTEK-WB 0.080 Unch 1084.9 0.255 0.500 127.45 23/06/2021
0.055 0.015 0.030 0.025 9342WB ANZO-WB 0.025 0.005 90 0.045 0.250 511.11 25/08/2023 0.165 0.005 0.010 0.005 5199CI HIBISCS-CI 0.010 0.005 851 0.945 1.100 19.05 31/01/2019
0.045 0.005 — — 9342WC ANZO-WC 0.005 — — 0.045 0.200 355.56 18/06/2020 0.195 0.020 0.040 0.040 5199CJ HIBISCS-CJ 0.040 0.015 400 0.945 1.000 16.40 27/02/2019
0.315 0.030 0.050 0.040 0119WA APPASIA-WA 0.050 0.005 51 0.105 0.130 71.43 23/12/2024 0.180 0.015 0.035 0.030 5199CK HIBISCS-CK 0.030 0.005 1200 0.945 1.200 33.97 18/03/2019
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.320 1.000 240.63 30/06/2021 0.195 0.015 0.045 0.035 5199CL HIBISCS-CL 0.045 0.020 4113.7 0.945 0.980 15.61 01/03/2019
0.145 0.005 — — 521039 ARMADA-C39 0.005 — — 0.150 0.880 490.00 31/01/2019 0.245 0.050 0.095 0.085 5199CM HIBISCS-CM 0.095 0.040 223 0.945 1.100 36.51 28/06/2019
0.170 0.010 0.015 0.010 0068WB ASDION-WB 0.015 0.005 154.9 0.205 0.500 151.22 24/03/2019 0.125 0.040 0.075 0.070 5199CN HIBISCS-CN 0.070 0.010 981.4 0.945 1.100 34.92 25/06/2019
0.090 0.040 — — 4057WB ASIAPAC-WB 0.050 — — 0.120 0.250 150.00 25/05/2022 0.065 0.035 0.060 0.055 5199CP HIBISCS-CP 0.055 0.015 582.3 0.945 1.200 41.53 13/06/2019
0.075 0.020 — — 0105WB ASIAPLY-WB 0.020 — — 0.070 0.100 71.43 12/12/2022 0.665 0.200 0.515 0.480 5199WC HIBISCS-WC 0.505 0.050 20227.9 0.945 1.000 59.26 19/03/2021
0.120 0.080 0.120 0.110 639910 ASTRO-C10 0.120 0.020 3800 1.400 1.500 28.57 25/06/2019 0.075 0.035 0.045 0.045 5819CN HLBANK-CN 0.045 -0.005 0.4 20.600 21.000 6.31 31/07/2019
0.110 0.070 0.100 0.100 639911 ASTRO-C11 0.100 0.010 0.4 1.400 1.600 35.71 17/06/2019 0.230 0.085 0.090 0.085 5160WA HOMERIZ-WA 0.090 Unch 77 0.665 0.920 51.88 09/07/2020
0.090 0.050 0.085 0.080 639912 ASTRO-C12 0.085 0.015 20 1.400 1.500 25.36 31/05/2019 0.700 0.140 0.185 0.185 0185WA HSSEB-WA 0.185 0.005 59.8 0.915 1.700 106.01 15/03/2023
0.140 0.035 — — 6399C8 ASTRO-C8 0.035 — — 1.400 2.200 64.64 31/01/2019 0.018 0.003 0.005 0.005 7013WA HUBLINE-WA 0.005 Unch 23.4 0.050 3.160 6,230 04/11/2019
0.085 0.005 — — 6399C9 ASTRO-C9 0.005 — — 1.400 1.800 29.64 16/01/2019 0.090 0.005 0.015 0.010 7013WB HUBLINE-WB 0.010 0.005 300.7 0.050 0.200 320.00 20/12/2020
0.065 0.005 0.005 0.005 0072WB AT-WB 0.005 Unch 16.6 0.050 0.090 90.00 17/10/2019 0.020 0.010 0.020 0.015 7013WC HUBLINE-WC 0.020 0.005 13317.4 0.050 0.055 50.00 17/12/2023
0.250 0.140 0.175 0.160 7579WA AWC-WA 0.165 Unch 629.7 0.675 0.880 54.81 25/12/2023 1.000 0.100 0.400 0.365 9687WB IDEAL-WB 0.400 0.045 27.5 1.070 1.000 30.84 30/03/2021
0.195 0.010 — — 688827 AXIATA-C27 0.010 — — 3.810 4.100 8.92 16/01/2019 0.070 0.015 0.065 0.060 5225C7 IHH-C7 0.060 Unch 1334.6 5.560 6.000 12.23 31/05/2019
0.155 0.010 0.025 0.025 688828 AXIATA-C28 0.025 0.005 100 3.810 4.750 27.30 31/05/2019 0.135 0.050 0.115 0.110 5225C8 IHH-C8 0.115 0.005 80 5.560 5.200 5.94 04/04/2019
0.180 0.020 — — 688829 AXIATA-C29 0.035 — — 3.810 5.000 34.91 18/03/2019 0.130 0.020 0.040 0.030 333621 IJM-C21 0.035 0.010 212.4 1.690 2.000 23.00 31/05/2019
0.165 0.035 — — 688830 AXIATA-C30 0.035 — — 3.810 4.700 27.95 31/05/2019 0.030 0.005 0.005 0.005 16622 INARI-C22 0.005 Unch 18 1.330 2.750 108.27 26/03/2019
0.145 0.090 0.120 0.120 688832 AXIATA-C32 0.120 -0.015 260 3.810 4.100 23.36 30/05/2019 0.095 0.005 0.005 0.005 16623 INARI-C23 0.005 Unch 150 1.330 2.530 91.35 31/05/2019
0.195 0.140 0.165 0.160 688833 AXIATA-C33 0.160 -0.005 40 3.810 3.600 15.49 28/06/2019 0.165 0.005 0.005 0.005 16624 INARI-C24 0.005 Unch 200 1.330 2.280 72.56 15/04/2019
0.165 0.095 0.140 0.140 688834 AXIATA-C34 0.140 -0.025 10 3.810 3.450 8.92 30/08/2019 0.120 0.005 0.010 0.010 16625 INARI-C25 0.010 0.005 40 1.330 2.300 75.41 30/04/2019
0.180 0.130 0.145 0.140 688835 AXIATA-C35 0.140 -0.005 0.8 3.810 4.200 24.93 17/06/2019 0.105 0.020 0.035 0.030 16626 INARI-C26 0.035 0.010 1164 1.330 1.850 46.99 30/09/2019
0.195 0.170 0.170 0.170 688836 AXIATA-C36 0.170 -0.025 199.8 3.810 3.750 22.97 23/10/2019 0.120 0.025 0.035 0.025 16627 INARI-C27 0.030 0.005 4467.2 1.330 1.900 50.08 28/06/2019
0.488 0.085 0.135 0.120 7078WA AZRB-WA 0.120 -0.015 39.7 0.340 0.630 120.59 13/05/2024 0.115 0.020 0.030 0.025 16628 INARI-C28 0.030 0.010 35 1.330 1.900 49.62 25/06/2019
0.550 0.170 0.270 0.240 0098WA BAHVEST-WA 0.270 0.035 30.1 0.405 0.430 72.84 20/08/2024 0.105 0.050 0.065 0.060 16629 INARI-C29 0.065 0.015 4735.4 1.330 1.900 57.52 28/06/2019
0.110 0.070 0.095 0.090 5248C1 BAUTO-C1 0.090 -0.010 320.6 2.140 2.200 15.42 31/05/2019 0.085 0.045 0.050 0.050 16630 INARI-C30 0.050 0.005 86 1.330 1.800 46.62 13/06/2019
0.215 0.140 0.180 0.175 5248CZ BAUTO-CZ 0.180 -0.015 618.8 2.140 2.000 10.28 25/06/2019 2.010 0.710 0.830 0.760 0166WB INARI-WB 0.830 0.100 880.7 1.330 0.533 2.50 17/02/2020
0.330 0.115 0.160 0.145 5258WA BIMB-WA 0.150 0.010 250.2 3.520 4.720 38.35 04/12/2023 0.110 0.020 0.050 0.045 0094WA INIX-WA 0.045 0.005 2133.2 0.115 0.100 26.09 16/11/2020
0.160 0.075 0.085 0.080 0179WA BIOHLDG-WA 0.080 Unch 123.6 0.200 0.220 50.00 05/01/2022 0.390 0.040 0.055 0.050 3379WB INSAS-WB 0.055 0.005 230.1 0.680 1.000 55.15 25/02/2020
0.150 0.045 0.055 0.050 3239WB BJASSET-WB 0.055 0.005 233 0.300 0.350 35.00 10/06/2023 0.210 0.005 0.010 0.010 8834WB IREKA-WB 0.010 Unch 23.6 0.530 1.000 90.57 25/06/2019
0.050 0.040 0.050 0.050 339511 BJCORP-C11 0.050 Unch 100 0.290 0.310 24.14 25/06/2019 0.105 0.005 0.005 0.005 7183WA IRETEX-WA 0.005 Unch 50 0.130 0.800 519.23 10/06/2019
0.100 0.035 0.055 0.050 3395WB BJCORP-WB 0.050 Unch 1590 0.290 1.000 262.07 22/04/2022 0.045 0.005 0.005 0.005 0024WA JAG-WA 0.005 Unch 5919.5 0.065 0.100 61.54 14/08/2019
0.140 0.060 0.080 0.080 3395WC BJCORP-WC 0.080 0.005 3297.9 0.290 1.000 272.41 29/05/2026 0.035 0.005 0.015 0.010 0024WB JAG-WB 0.015 0.005 167.4 0.065 0.150 153.85 15/11/2020
0.100 0.065 0.070 0.070 1562CW BJTOTO-CW 0.070 Unch 150 2.150 2.400 21.40 28/06/2019 0.275 0.150 0.245 0.230 4723WB JAKS-WB 0.240 0.005 1163.2 0.465 0.640 89.25 13/12/2023
0.045 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 3664.9 0.040 0.070 125.00 08/11/2025 0.115 0.020 0.025 0.020 0170WA KANGER-WA 0.025 Unch 44 0.050 0.100 150.00 13/04/2020
0.050 0.015 0.015 0.015 7036WD BORNOIL-WD 0.015 -0.005 75 0.040 0.070 112.50 29/05/2027 0.460 0.140 0.200 0.185 7161WB KERJAYA-WB 0.200 0.005 60.6 1.270 1.600 41.73 28/02/2023
0.200 0.030 0.040 0.040 7188WB BTM-WB 0.040 -0.005 30 0.115 0.200 108.70 23/10/2024 0.765 0.200 0.570 0.545 0151WA KGB-WA 0.555 0.005 590.1 1.100 0.500 -4.09 12/06/2019
0.105 0.080 0.105 0.105 181822 BURSA-C22 0.105 0.005 100 7.100 7.700 17.32 30/08/2019 0.030 0.010 0.010 0.010 0036WB KGROUP-WB 0.010 Unch 82.5 0.045 0.200 366.67 01/05/2020
0.120 0.030 — — 0191WA CABNET-WA 0.030 — — 0.210 0.500 152.38 02/07/2021 0.090 0.010 0.015 0.015 7164WB KNM-WB 0.015 Unch 208.2 0.075 1.000 1,253 21/04/2020
0.830 0.300 — — 7174WA CAB-WA 0.325 — — 0.505 0.170 -1.98 08/02/2020 0.095 0.010 0.020 0.015 7017WB KOMARK-WB 0.020 0.005 197.8 0.140 0.230 78.57 21/01/2020
0.925 0.370 0.610 0.595 7154WA CAELY-WA 0.605 Unch 37 1.050 0.380 -6.19 22/04/2021 0.145 0.060 0.065 0.060 7153CY KOSSAN-CY 0.060 -0.010 60 4.250 4.750 20.24 26/03/2019
0.270 0.020 0.040 0.020 7076WA CBIP-WA 0.025 -0.010 123.1 1.050 2.400 130.95 06/11/2019 0.085 0.010 0.015 0.015 5172WA KSTAR-WA 0.015 Unch 70 0.085 0.080 11.76 10/04/2021
0.330 0.070 0.100 0.090 7035WA CCK-WA 0.100 0.010 2686.3 0.420 0.900 138.10 18/06/2023 0.780 0.125 0.170 0.160 9385WA LAYHONG-WA 0.170 0.010 4565.8 0.420 0.400 35.71 13/10/2021
0.130 0.005 0.010 0.010 5195WB CENSOF-WB 0.010 Unch 233.5 0.135 0.460 248.15 07/10/2019 0.560 0.210 0.230 0.215 5789WB LBS-WB 0.230 0.005 50.6 0.660 0.560 19.70 04/10/2020
0.305 0.150 — — 7187WA CHGP-WA 0.205 — — 0.345 0.200 17.39 07/07/2023 0.200 0.050 0.085 0.070 7126WA LONBISC-WA 0.075 0.005 92.5 0.640 1.000 67.97 26/01/2020
0.430 0.280 0.325 0.315 5738WB CHHB-WB 0.320 -0.005 157.2 1.400 1.200 8.57 20/12/2023 0.060 0.025 0.030 0.030 5068WA LUSTER-WA 0.030 0.005 100 0.075 0.100 73.33 03/06/2022
0.160 0.025 — — 102337 CIMB-C37 0.025 — — 5.640 5.800 5.50 16/01/2019 0.090 0.005 0.005 0.005 0017WA M3TECH-WA 0.005 Unch 305 0.055 0.100 90.91 21/08/2019
0.155 0.050 — — 102338 CIMB-C38 0.050 — — 5.640 5.900 10.82 27/02/2019 0.450 0.160 0.210 0.185 7617WB MAGNA-WB 0.185 -0.010 18 0.935 0.900 16.04 04/09/2020
0.140 0.060 0.065 0.065 102343 CIMB-C43 0.065 0.005 500 5.640 6.600 22.44 30/04/2019 0.125 0.010 0.020 0.015 8583WC MAHSING-WC 0.020 Unch 330.6 0.940 2.100 125.53 21/02/2020
0.145 0.095 0.095 0.095 102344 CIMB-C44 0.095 -0.015 0.4 5.640 6.500 23.67 20/05/2019 0.055 0.005 0.005 0.005 526412 MALAKOFC12 0.005 -0.005 52 0.805 1.150 44.41 29/03/2019
0.170 0.120 0.125 0.125 102345 CIMB-C45 0.125 0.005 350 5.640 5.700 14.36 28/06/2019 0.090 0.010 0.010 0.010 526413 MALAKOFC13 0.010 Unch 12.5 0.805 1.100 39.13 26/03/2019
0.165 0.095 0.110 0.110 285215 CMSB-C15 0.110 0.010 50 2.960 3.000 19.93 30/05/2019 0.080 0.025 0.025 0.025 526416 MALAKOFC16 0.025 Unch 90 0.805 0.950 22.67 29/03/2019
0.530 0.220 — — 8125WB DAIBOCI-WB 0.320 — — 1.600 2.500 76.25 19/06/2022 0.080 0.040 0.045 0.045 526418 MALAKOFC18 0.045 Unch 90.8 0.805 0.900 20.19 25/06/2019
0.340 0.100 0.215 0.215 5276WA DANCO-WA 0.215 0.020 25.1 0.460 0.300 11.96 22/05/2022 0.080 0.075 0.080 0.075 526419 MALAKOFC19 0.080 -0.070 320 0.805 0.800 16.27 31/07/2019
0.025 0.005 0.010 0.005 7179WB DBE-WB 0.010 Unch 109 0.030 0.050 100.00 22/01/2022 0.345 0.105 0.130 0.115 5236WA MATRIX-WA 0.130 0.005 10.1 1.890 2.400 33.86 20/07/2020
0.190 0.030 0.090 0.070 3484WA DBHD-WA 0.070 -0.010 1219.4 0.365 0.580 78.08 27/11/2020 0.155 0.060 0.065 0.065 115545 MAYBANKC45 0.065 0.005 40 9.460 9.800 9.09 15/03/2019
0.075 0.030 — — 0152WB DGB-WB 0.035 — — 0.140 0.120 10.71 27/06/2021 0.070 0.015 0.020 0.020 115546 MAYBANKC46 0.020 0.005 200 9.460 10.000 7.82 28/06/2019
0.200 0.025 0.035 0.025 727733 DIALOG-C33 0.030 Unch 140.1 2.840 3.400 22.36 29/03/2019 0.155 0.125 0.135 0.135 115549 MAYBANKC49 0.135 0.005 50 9.460 9.500 9.70 31/07/2019
0.215 0.005 0.005 0.005 727734 DIALOG-C34 0.005 -0.005 38 1.460 3.200 120.21 16/01/2019 0.150 0.115 0.125 0.125 115551 MAYBANKC51 0.125 0.010 0.4 9.460 9.500 9.01 28/06/2019
0.125 0.040 0.040 0.040 727736 DIALOG-C36 0.040 -0.030 10 2.840 3.550 32.04 28/06/2019 0.085 0.040 0.050 0.050 117117 MBSB-C17 0.050 Unch 1029.7 0.955 1.010 12.30 31/07/2019
0.145 0.030 0.035 0.035 727737 DIALOG-C37 0.035 -0.015 150 2.840 3.500 26.94 31/07/2019 0.105 0.055 0.065 0.065 117118 MBSB-C18 0.065 0.005 600 0.955 1.000 18.32 31/05/2019
0.220 0.080 0.105 0.085 727740 DIALOG-C40 0.085 -0.015 520 2.840 3.300 24.58 28/06/2019 0.105 0.060 0.070 0.070 117119 MBSB-C19 0.070 0.005 1.2 0.955 1.000 19.37 20/05/2019
0.150 0.025 0.065 0.065 694724 DIGI-C24 0.065 Unch 0.4 4.470 4.750 10.63 31/05/2019 0.120 0.015 0.015 0.015 0167WB MCLEAN-WB 0.015 -0.020 3.6 0.110 0.250 140.91 07/10/2020
0.145 0.110 0.130 0.130 694727 DIGI-C27 0.130 0.005 0.4 4.470 4.880 19.35 17/06/2019 0.060 0.020 0.030 0.030 5040WC MEDAINC-WC 0.030 Unch 6 0.295 0.800 181.36 24/08/2024
0.300 0.060 0.075 0.070 694728 DIGI-C28 0.070 Unch 40.1 4.470 5.000 19.37 28/06/2019 0.200 0.015 0.025 0.020 1694WB MENANG-WB 0.020 Unch 1271 0.370 0.550 54.05 09/07/2019
0.245 0.055 0.080 0.070 4456WD DNEX-WD 0.075 0.005 6664.8 0.240 0.500 139.58 30/07/2021 0.310 0.050 0.060 0.060 7234WA MESB-WA 0.060 -0.025 15 0.200 0.300 80.00 27/12/2022
0.065 0.015 0.025 0.020 5265WA DOLPHIN-WA 0.025 0.010 160.2 0.105 0.800 685.71 29/03/2021 2.190 1.050 1.090 1.050 3069WA MFCB-WA 1.050 -0.050 12 3.100 2.220 5.48 08/04/2020
0.280 0.060 0.070 0.070 7169WA DOMINAN-WA 0.070 Unch 50 1.280 1.300 7.03 10/09/2020 0.180 0.095 0.100 0.100 5286CA MI-CA 0.100 Unch 40 2.200 2.600 36.36 25/06/2019
0.055 0.015 0.025 0.025 7198WB DPS-WB 0.025 Unch 270 0.060 0.100 108.33 15/01/2025 0.170 0.045 0.160 0.150 381619 MISC-C19 0.160 -0.005 100.6 6.690 6.060 2.54 28/06/2019
0.140 0.005 0.005 0.005 161956 DRBHCOMC56 0.005 Unch 20 1.790 2.280 28.49 31/01/2019 0.282 0.015 0.035 0.025 9571WD MITRA-WD 0.030 Unch 366 0.290 0.940 234.48 23/08/2020
0.265 0.020 0.040 0.030 161960 DRBHCOMC60 0.040 0.015 418.2 1.790 1.950 15.64 30/04/2019 0.060 0.005 0.015 0.010 0085WA MLAB-WA 0.015 Unch 36.1 0.050 0.090 110.00 24/04/2020
0.160 0.005 0.010 0.010 161964 DRBHCOMC64 0.010 0.005 95 1.790 2.400 35.75 31/05/2019 0.045 0.005 0.010 0.005 0085WB MLAB-WB 0.010 Unch 1 0.050 0.150 220.00 10/09/2020
0.185 0.080 0.100 0.090 161968 DRBHCOMC68 0.100 0.015 840 1.790 1.900 24.58 28/06/2019 0.050 0.010 0.020 0.015 0103WA MNC-WA 0.020 0.005 1308 0.050 0.100 140.00 05/11/2021
0.300 0.050 0.075 0.070 5216WA DSONIC-WA 0.070 -0.005 2457.4 0.420 1.090 176.19 05/07/2023 0.040 0.005 0.010 0.010 0070WA MQTECH-WA 0.010 Unch 2100 0.035 0.100 214.29 21/11/2021
0.150 0.005 0.010 0.010 3417WB E&O-WB 0.010 0.005 2 0.747 2.600 249.40 21/07/2019 0.200 0.005 0.005 0.005 165132 MRCB-C32 0.005 -0.005 300 0.323 0.800 149.23 28/02/2019
0.025 0.005 — — 0154WC EAH-WC 0.005 — — 0.020 0.070 275.00 18/06/2019 0.115 0.035 0.040 0.040 165136 MRCB-C36 0.040 0.005 200 0.640 0.750 29.69 04/04/2019
0.030 0.005 0.010 0.005 0154WD EAH-WD 0.010 Unch 241 0.020 0.050 200.00 25/10/2022 0.140 0.045 0.060 0.055 165137 MRCB-C37 0.055 Unch 836.9 0.640 0.700 26.56 30/04/2019
0.020 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 112.7 0.020 0.035 125.00 22/04/2023 0.430 0.180 0.225 0.205 1651WB MRCB-WB 0.215 0.010 1151.5 0.640 1.250 128.91 29/10/2027
0.135 0.035 0.060 0.055 3557WC ECOFIRS-WC 0.055 -0.015 37.3 0.305 0.300 16.39 10/09/2019 0.470 0.060 0.100 0.095 13844 MYEG-C44 0.095 0.005 1200 0.950 1.000 25.26 29/03/2019
0.590 0.070 0.105 0.095 5253WA ECONBHD-WA 0.095 0.005 3528 0.425 1.250 216.47 02/01/2023 0.290 0.005 0.015 0.015 13845 MYEG-C45 0.015 Unch 2013.1 0.950 1.280 38.68 18/02/2019
0.105 0.015 — — 8206CQ ECOWLD-CQ 0.015 — — 0.945 1.350 46.03 29/03/2019 0.135 0.050 0.070 0.070 13855 MYEG-C55 0.070 Unch 244 0.950 1.200 48.42 28/06/2019
0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.945 1.500 67.62 30/04/2019 0.245 0.235 0.245 0.235 13856 MYEG-C56 0.235 Unch 770 0.950 0.950 37.11 31/07/2019
0.385 0.165 0.190 0.180 8206WA ECOWLD-WA 0.185 0.010 136 0.945 2.080 139.68 26/03/2022 0.030 0.005 0.005 0.005 0096WA NEXGRAM-WA 0.005 Unch 299.9 0.020 0.100 425.00 16/05/2022
0.150 0.030 0.050 0.040 7471WB EDEN-WB 0.045 Unch 678.9 0.120 0.300 187.50 13/08/2021 0.030 0.005 0.010 0.010 0096WC NEXGRAM-WC 0.010 0.005 40 0.020 0.100 450.00 15/01/2024
1.280 0.110 0.160 0.150 0065WA EFORCE-WA 0.155 0.005 520.3 0.460 0.340 7.61 17/07/2019 0.335 0.050 0.150 0.140 7241WA NGGB-WA 0.140 -0.010 712.2 0.425 0.600 74.12 18/10/2020
0.420 0.130 0.145 0.130 8907WC EG-WC 0.145 -0.005 248.5 0.475 0.500 35.79 03/11/2020 0.410 0.200 0.300 0.300 0083WC NOTION-WC 0.300 Unch 26 0.615 0.840 85.37 14/03/2023
0.795 0.045 0.070 0.060 8877WB EKOVEST-WB 0.070 0.010 1451.9 0.475 0.480 15.79 25/06/2019 0.295 0.065 0.085 0.080 0172WA OCK-WA 0.085 0.005 1352.1 0.420 0.710 89.29 15/12/2020
0.185 0.020 — — 5283CM EWINT-CM 0.020 — — 0.700 0.950 41.43 31/01/2019 0.145 0.025 0.040 0.040 7071WC OCR-WC 0.040 -0.005 132 0.290 0.500 86.21 24/07/2021
0.340 0.100 0.130 0.125 5283WA EWINT-WA 0.130 0.005 1918.2 0.700 1.450 125.71 02/04/2022 0.095 0.015 0.045 0.040 0079WA ORION-WA 0.045 0.005 5361 0.115 0.170 86.96 26/07/2022
0.210 0.015 — — 3689CC F&N-CC 0.045 — — 32.84 33.00 5.97 31/01/2019 0.210 0.035 0.060 0.055 5053WC OSK-WC 0.055 -0.005 210.1 0.900 1.200 39.44 22/07/2020
0.535 0.030 0.065 0.055 7047WB FAJAR-WB 0.065 0.005 149.3 0.360 0.700 112.50 24/09/2019 0.365 0.100 0.125 0.120 5260WA OWG-WA 0.125 Unch 199.6 0.520 0.800 77.88 29/09/2023
0.205 0.020 0.035 0.030 06505E FBMKLCI-C5E 0.030 Unch 380 1,679 1,680 1.30 31/01/2019 0.420 0.245 0.295 0.280 8419WA PANSAR-WA 0.295 -0.005 34 0.810 0.950 53.70 06/06/2023
0.110 0.005 0.005 0.005 06505F FBMKLCI-C5F 0.005 Unch 100 281.27 1,780 534.09 28/02/2019 0.250 0.045 0.060 0.060 5125WA PANTECH-WA 0.060 Unch 10 0.455 0.500 23.08 21/12/2020
0.310 0.030 0.030 0.030 06505G FBMKLCI-C5G 0.030 -0.005 10.3 835.04 1,880 126.21 28/02/2019 0.255 0.060 0.070 0.070 5125WB PANTECH-WB 0.070 0.005 32.5 0.455 0.500 25.27 21/12/2021
0.045 0.010 0.015 0.015 06505K FBMKLCI-C5K 0.015 -0.005 104.5 1,004 1,800 80.31 30/04/2019 0.095 0.025 0.035 0.035 7225WB PA-WB 0.035 0.005 387.7 0.055 0.060 72.73 17/12/2022
0.365 0.195 0.225 0.225 06505M FBMKLCI-C5M 0.225 0.010 211.4 1,679 1,770 9.43 30/04/2019 0.310 0.100 0.120 0.110 129525 PBBANK-C25 0.110 0.010 241 24.700 24.200 1.54 30/01/2019
0.100 0.055 0.075 0.075 06505N FBMKLCI-C5N 0.075 0.010 9.5 1,679 1,680 3.18 31/05/2019 0.195 0.070 0.070 0.070 129526 PBBANK-C26 0.070 -0.010 260 24.700 26.300 10.16 29/03/2019
0.090 0.045 0.060 0.060 06505O FBMKLCI-C5O 0.060 0.005 100 1,679 1,700 3.74 28/06/2019 0.270 0.220 0.230 0.230 129529 PBBANK-C29 0.230 -0.015 0.8 24.700 25.000 10.53 17/06/2019
0.370 0.295 0.305 0.305 06505P FBMKLCI-C5P 0.305 0.010 35 1,679 1,730 8.48 31/05/2019 0.150 0.010 0.045 0.045 6068WA PCCS-WA 0.045 0.005 49 0.210 0.600 207.14 25/12/2022
0.545 0.400 0.460 0.460 06505Q FBMKLCI-C5Q 0.460 0.015 13 1,679 1,650 6.49 31/05/2019 0.200 0.050 0.055 0.050 518323 PCHEM-C23 0.050 -0.020 701 8.930 10.300 18.42 29/03/2019
0.330 0.135 0.260 0.250 06504Y FBMKLCI-H4Y 0.260 -0.015 277 1,679 1,888 24.82 31/01/2019 0.060 0.010 0.015 0.015 518324 PCHEM-C24 0.015 0.005 129.6 8.930 10.000 13.66 28/06/2019
0.090 0.050 0.060 0.060 06506F FBMKLCI-H6F 0.060 -0.010 196.5 1,679 1,650 1.84 29/03/2019 0.140 0.120 0.125 0.120 518326 PCHEM-C26 0.120 -0.020 1105 8.930 9.700 16.69 31/07/2019
0.115 0.020 0.035 0.020 06506G FBMKLCI-H6G 0.030 -0.010 2236.3 1,679 1,680 1.30 31/01/2019 0.050 0.005 0.015 0.010 6254WB PDZ-WB 0.010 0.005 2070 0.035 0.100 214.29 29/01/2023
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Shares end higher after reserve and there is a limit to further loosening of Japan — Nikkei tracks sharp Wall at the Fed’s open markets committee meeting
requirement cut macro policy,” analysts at Guodu Securities Street gains; machinery, exporters in December,” said Hisao Matsuura, chief
said in a note. attract gains equity strategist at Nomura Securities.
SHANGHAI: China shares ended higher The smaller Shenzhen Index ended US and Chinese officials are meeting for
yesterday after the central bank moved to up 1.71% and the start-up board ChiNext TOKYO: Japan’s Nikkei rose yesterday, trade negotiations starting late yesterday,
support economic growth with a broad cut Composite Index was higher by 1.839%. tracking last Friday sharp gains on Wall the first face-to-face talks of the year.
in the amount of cash banks must hold as At 07.19 GMT, the yuan was quoted Street as dovish comments from the US Last Friday, China’s central bank announced
reserves, but ongoing uncertainty over the at 6.851 per US dollar, 0.29% firmer than Federal Reserve (Fed) chairman helped a new round of policy easing, which frees up
economy and outlook for trade continued the previous close of 6.871. The currency ease some of the market’s worries about a around US$116 billion for new lending. The
to weigh on the market. strengthened to a one-month high against slowdown in global growth. move helped lift appetite for Japanese firms
At the close, the Shanghai Composite the US dollar yesterday. The Nikkei Share Average added 477.01 exposed to China, such as those included in the
Index (SSEC) was up 18.22 points or 0.72% The largest percentage gainers on the points or 2.4% to 20,038.97, rebounding from machinery and electric appliance subsectors
at 2,533.09 points. SSEC were Shanghai Zhixin Electric Co Ltd, a sharp 2.3% drop on its first trading session on the Topix, said Matsuura.
The blue-chip CSI 300 Index rose 18.43 up 10.14%, followed by Lanzhou LS Heavy this year last Friday. The broader Topix Index Shares of industrial machinery maker
points or 0.61% to 3,054.3 points, with its Equipment Co Ltd, gaining 10.12%, and was 2.8% higher at 1,512.53, with all of its 33 Komatsu Ltd, which has large exposure
financial sector sub-index lower by 0.23% and Fujian Furi Electronics Co Ltd, up by 10.11%. subsectors trading in positive territory. to China, jumped 6.9% and tractor maker
the healthcare sub-index up 0.27%. An index The largest percentage losers on the SSEC Investors this week await quarterly Kubota Corp gained 4.8%.
tracking consumer staples gained 1.08%. were New China Life Insurance Co Ltd, down earnings from companies whose business Blue-chip shares rose across the board,
The People’s Bank of China said last 6.72%, followed by Wuhan Hanshang Group years end in February and August. with Toyota Motor Corp tacking on 3.2%,
Friday it was cutting the amount of cash that Co Ltd, losing 3.82%, and Fushun Special Companies in focus include Fast Retailing, Sony Corp up 3.6%, Nintendo rising 5.9%
banks have to hold as reserves for the fifth Steel Co Ltd, down by 3.28%. FamilyMart UNY Holdings and factory and Mitsubishi UFJ Financial Group adding
time in a year, freeing up US$116 billion for Hong Kong shares ended higher yesterday automation machinery maker Yaskawa 2.3%.
new lending as it tries to reduce the risk of after China’s central bank cut banks’ reserve Electric Corp. Earnings from Yaskawa, Takeda Pharmaceutical soared 7.5% after
a sharp economic slowdown. requirements to boost the economy, and which has large exposure to China, will be releasing subscription terms to issue new
But analysts downplayed the impact of after the head of the US Federal Reserve of particular interest, as traders look for any shares.
the cut to banks’ reserve requirement ratios (Fed) moved to ease market concerns over indication of how demand from China is The announcement, which was in line
(RRRs). the Fed’s response to slowing growth. faring, analysts said. with market expectations, brings the company
“The 100 basis-point RRR cut was largely At the close of trade, the Hang Seng Index Last Friday, risk appetite got a huge boost another step closer to completing its US$59
expected, not a game-changer,” Nomura was up 209.67 points or 0.82% at 25,835.7. on a strong US jobs report. Sentiment also got billion takeover of London-listed Shire.
analysts said in a note yesterday. The Hang Seng China Enterprises Index rose a lift as Fed chairman Jerome Powell sought Japanese government bond prices dipped
“We expect there to be limited room for 94.2 points or 0.94% to 10,123.85. to ease market concerns about the risk of a across the board yesterday as a dovish turn
the market to continue to fall from its current The sub-index of the Hang Seng tracking slowdown, saying he would be patient and by the Fed and strong US jobs data improved
position. But the economic and credit cycles energy shares rose 1.9%, while the IT sector flexible in policy decisions this year. investors’ risk appetite in the broader markets
remain in a downturn, corporate profitability rose 2.08%, the financial sector ended 0.45% “The tone of Powell’s remarks was and curbed demand for safe-haven debt.
and performance growth are weakening, higher and the property sector rose 1.22%. considerably more dovish than (the tone) — Reuters

Shanghai Composite Hang Seng Nikkei 225 FT Straits Times

Index points Index points Index points
Index points
5800 33800 24500 3700
2,533.09 25,835.70
+18.22 +209.67 2,774.06
29305 21,056.93
(+0.72%) (+0.82%)
4825 20400 3375

3850 24810 16300 3050

10,172.06
3,087.842
20,038.97
2875 20315 12200 +477.01 2725
3,102.80
(+2.44%) +43.57
1900 15820 8100 2400 (+1.42%)
Mar 1, 2010 Jan 7, 2019 Mar 1, 2010 Jan 7, 2019 Mar 1, 2010 Jan 7, 2019 Mar 1, 2010 Jan 7, 2019

Bursa Malaysia Equity Derivatives

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.225 0.065 0.135 0.125 710655 SUPERMX-C55 0.135 0.010 53.9 1.730 1.750 16.76 31/07/2019
0.310 0.130 0.205 0.185 710656 SUPERMX-C56 0.185 -0.005 2813 1.730 1.400 7.66 30/05/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.250 0.120 0.155 0.140 710658 SUPERMX-C58 0.140 Unch 32 1.730 1.650 15.61 20/05/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.260 0.130 0.175 0.155 710659 SUPERMX-C59 0.155 -0.005 406 1.730 1.500 9.10 30/08/2019
0.270 0.115 0.125 0.125 9997WB PENSONI-WB 0.125 Unch 14 0.430 0.600 68.60 20/01/2024 0.170 0.095 0.115 0.105 710660 SUPERMX-C60 0.105 0.005 2809.6 1.730 1.900 25.00 25/06/2019
0.295 0.030 0.055 0.050 8311WC PESONA-WC 0.050 Unch 50.5 0.195 0.250 53.85 27/01/2020 0.095 0.070 0.085 0.080 710661 SUPERMX-C61 0.080 Unch 320.4 1.730 2.000 29.48 13/06/2019
0.125 0.055 0.090 0.055 5681CX PETDAG-CX 0.065 -0.010 1012.3 25.700 26.500 8.17 30/09/2019 0.230 0.075 0.075 0.075 7186WB SWSCAP-WB 0.075 Unch 47.2 0.650 0.900 50.00 19/07/2023
0.185 0.085 0.085 0.085 6033CR PETGAS-CR 0.085 Unch 100 18.000 19.500 15.89 26/03/2019 0.100 0.010 0.020 0.015 7082WB SYF-WB 0.015 Unch 140 0.220 0.700 225.00 11/11/2019
0.130 0.040 0.060 0.040 6033CS PETGAS-CS 0.045 -0.015 1040.4 18.000 19.000 9.31 28/06/2019 0.128 0.022 0.035 0.030 1538WB SYMLIFE-WB 0.035 0.005 1638.1 0.365 0.790 126.03 11/11/2020
0.225 0.075 0.085 0.085 886914 PMETAL-C14 0.085 0.010 40 4.590 4.300 2.94 30/01/2019 0.050 0.020 0.025 0.020 2429WB TANCO-WB 0.025 0.005 30.1 0.055 0.050 36.36 23/08/2021
0.205 0.090 0.100 0.100 886915 PMETAL-C15 0.100 0.010 0.4 4.590 4.200 4.58 30/04/2019 0.300 0.065 0.085 0.075 7200WA TEKSENG-WA 0.085 0.005 46 0.255 0.250 31.37 29/01/2020
5.380 3.330 4.170 4.160 8869WC PMETAL-WC 4.160 0.020 100 4.590 0.390 -0.87 22/08/2019 0.170 0.005 0.010 0.005 534746 TENAGA-C46 0.005 -0.005 21 4.500 15.000 234.44 31/01/2019
0.755 0.300 0.500 0.500 7088WB POHUAT-WB 0.500 0.010 4.3 1.500 1.000 0.00 21/10/2020 0.165 0.005 0.015 0.010 534748 TENAGA-C48 0.015 Unch 660 13.940 15.880 14.99 18/02/2019
0.125 0.015 0.020 0.020 463427 POS-C27 0.020 Unch 33 1.810 3.000 71.27 30/09/2019 0.190 0.075 0.125 0.105 534750 TENAGA-C50 0.115 0.010 5948 13.940 14.400 13.20 28/06/2019
0.080 0.005 0.010 0.010 463428 POS-C28 0.010 0.005 110.6 1.810 3.450 93.37 28/06/2019 0.140 0.055 0.075 0.060 534751 TENAGA-C51 0.070 0.010 2042.3 13.940 14.000 5.45 30/08/2019
0.070 0.030 0.050 0.050 463429 POS-C29 0.050 0.005 730 1.810 2.600 54.70 28/06/2019 0.360 0.100 0.210 0.210 7252WA TEOSENG-WA 0.210 -0.010 20 0.985 1.350 58.38 29/01/2020
0.065 0.040 0.065 0.060 463430 POS-C30 0.065 0.005 509 1.810 2.200 35.91 25/06/2019 0.100 0.005 0.005 0.005 0145WA TFP-WA 0.005 Unch 200 0.095 0.100 10.53 15/02/2019
0.110 0.080 0.110 0.100 463431 POS-C31 0.100 Unch 870 1.810 2.000 32.60 31/07/2019 2.800 0.705 0.790 0.770 7034WA TGUAN-WA 0.790 0.040 5.5 2.280 1.500 0.44 09/10/2019
0.220 0.035 0.050 0.050 5070WA PRTASCO-WA 0.050 Unch 23 0.230 0.750 247.83 25/04/2023 0.264 0.018 0.060 0.060 7889WB THRIVEN-WB 0.060 -0.005 255 0.195 0.480 176.92 05/10/2020
0.180 0.045 0.060 0.050 0186WA PTRANS-WA 0.055 Unch 4700.3 0.240 0.235 20.83 19/09/2020 0.185 0.120 0.165 0.160 486336 TM-C36 0.165 0.005 31.6 2.620 2.200 12.31 28/06/2019
0.225 0.005 0.010 0.005 0007WB PUC-WB 0.005 -0.010 632.5 0.105 0.100 0.00 15/02/2019 0.220 0.115 0.195 0.195 486337 TM-C37 0.195 0.005 302.1 2.620 2.150 4.39 30/09/2019
0.595 0.120 0.250 0.200 7134WA PWF-WA 0.250 0.050 18.7 0.750 0.620 16.00 20/07/2021 0.160 0.110 0.145 0.145 486338 TM-C38 0.145 Unch 10 2.620 2.500 23.09 17/06/2019
0.550 0.210 0.290 0.245 7237WA PWROOT-WA 0.290 0.050 14.5 1.310 1.540 39.69 24/07/2023 0.465 0.170 0.220 0.210 7285WA TOMYPAK-WA 0.220 0.010 293.5 0.620 0.930 85.48 21/06/2021
0.135 0.055 0.075 0.070 5256WA REACH-WA 0.075 0.005 5806 0.300 0.750 175.00 12/08/2022 0.405 0.070 0.120 0.070 711333 TOPGLOV-C33 0.090 -0.035 2537.6 5.300 5.500 9.72 29/03/2019
0.200 0.040 0.120 0.115 9954WB RGTBHD-WB 0.115 Unch 228 0.165 0.100 30.30 14/05/2023 0.250 0.025 0.025 0.025 711334 TOPGLOV-C34 0.025 -0.010 70 5.300 6.000 15.57 31/01/2019
0.095 0.085 0.095 0.095 106612 RHBBANKC12 0.095 Unch 10 5.350 5.800 15.87 31/07/2019 0.275 0.045 0.050 0.045 711335 TOPGLOV-C35 0.045 -0.015 166.6 5.300 6.100 18.49 30/01/2019
0.180 0.055 0.070 0.065 8567WB SALCON-WB 0.065 0.005 948.2 0.235 0.300 55.32 19/07/2025 0.185 0.050 0.065 0.050 711336 TOPGLOV-C36 0.065 Unch 80.1 5.300 6.500 30.00 27/02/2019
0.025 0.015 0.020 0.020 0133WE SANICHI-WE 0.020 Unch 40 0.065 0.100 84.62 13/12/2021 0.165 0.065 0.075 0.065 711337 TOPGLOV-C37 0.065 -0.010 2098.2 5.300 5.500 12.97 28/02/2019
0.100 0.035 0.040 0.035 521873 SAPNRGC73 0.035 Unch 2602.5 0.285 0.400 58.77 31/05/2019 0.235 0.055 0.055 0.055 711338 TOPGLOV-C38 0.055 -0.035 0.8 5.300 6.150 20.19 18/02/2019
0.055 0.035 0.035 0.035 521874 SAPNRGC74 0.035 Unch 200 0.285 0.409 62.19 28/06/2019 0.240 0.035 0.045 0.035 711339 TOPGLOV-C39 0.045 -0.005 525.1 5.300 6.440 27.45 28/02/2019
0.380 0.065 0.065 0.065 7247WA SCGM-WA 0.065 -0.015 0.8 1.300 3.960 209.62 31/07/2020 0.180 0.065 0.085 0.065 711341 TOPGLOV-C41 0.065 -0.025 444.4 5.300 6.000 19.34 28/06/2019
0.130 0.020 0.035 0.035 0161WA SCH-WA 0.035 0.005 490 0.110 0.100 22.73 04/12/2021 0.245 0.110 0.135 0.110 711342 TOPGLOV-C42 0.110 -0.025 9343.6 5.300 5.800 20.85 31/05/2019
0.125 0.010 0.015 0.015 7158WB SCOMI-WB 0.015 Unch 5 0.050 0.210 350.00 18/02/2023 0.275 0.125 0.140 0.125 711343 TOPGLOV-C43 0.130 -0.025 3523.8 5.300 5.880 23.21 17/06/2019
0.345 0.010 0.025 0.025 7073WB SEACERA-WB 0.025 0.005 1 0.200 0.930 377.50 29/05/2019 0.145 0.095 0.115 0.095 711344 TOPGLOV-C44 0.095 -0.020 3448.5 5.300 6.600 34.39 31/07/2019
0.260 0.020 0.030 0.025 7073WC SEACERA-WC 0.030 0.005 312.7 0.200 1.000 415.00 21/01/2021 0.260 0.090 0.100 0.090 7173WB TOYOINK-WB 0.090 -0.005 476.3 0.610 1.500 160.66 06/11/2023
0.175 0.060 0.060 0.060 5279CN SERBADK-CN 0.060 -0.005 504.2 3.750 4.500 27.20 29/03/2019 0.035 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 Unch 28 0.015 0.090 533.33 28/08/2020
0.120 0.030 0.055 0.045 0055WA SERSOL-WA 0.055 0.015 10.1 0.115 0.180 104.35 18/04/2023 0.230 0.040 0.055 0.050 5401WA TROP-WA 0.050 -0.005 185.1 0.875 1.000 20.00 06/12/2019
0.350 0.180 0.255 0.190 7165WA SGB-WA 0.255 -0.040 2 0.795 0.600 7.55 07/04/2021 0.170 0.030 0.055 0.055 5042WB TSRCAP-WB 0.055 Unch 22.4 0.450 0.700 67.78 28/12/2020
0.350 0.180 0.255 0.190 7165WA SGB-WA 0.255 -0.040 2 0.795 0.600 7.55 07/04/2021 0.090 0.040 0.055 0.055 514865 UEMS-C65 0.055 0.005 50 0.720 0.750 19.44 28/06/2019
0.205 0.050 0.055 0.050 7246WA SIGN-WA 0.055 -0.005 22.4 0.340 0.970 201.47 21/04/2021 0.095 0.015 0.060 0.060 458811 UMW-C11 0.060 Unch 0.8 5.450 6.100 18.53 28/06/2019
0.125 0.020 0.045 0.040 419727 SIME-C27 0.040 Unch 501.6 2.360 2.600 14.41 31/05/2019 0.270 0.110 0.210 0.205 458812 UMW-C12 0.210 -0.005 210 5.450 4.600 7.52 30/05/2019
0.095 0.050 0.065 0.060 419729 SIME-C29 0.065 0.005 210 2.360 3.000 34.00 28/06/2019 0.240 0.105 0.200 0.190 458813 UMW-C13 0.190 -0.015 0.8 5.450 4.700 7.16 30/08/2019
0.085 0.075 0.085 0.080 419730 SIME-C30 0.085 0.010 800 2.360 2.700 25.21 31/07/2019 0.250 0.155 0.205 0.190 458815 UMW-C15 0.200 -0.005 149.3 5.450 4.800 10.09 28/06/2019
0.115 0.025 0.045 0.040 5285CI SIMEPLT-CI 0.040 0.010 0.4 5.000 5.350 11.00 28/06/2019 0.140 0.115 0.125 0.120 458816 UMW-C16 0.125 Unch 2150 5.450 5.800 20.18 25/06/2019
0.030 0.015 0.015 0.015 5288CJ SIMEPROP-CJ 0.015 -0.010 100 0.980 1.250 30.61 28/06/2019 0.120 0.115 0.120 0.120 458817 UMW-C17 0.120 Unch 180 5.450 6.300 27.05 31/07/2019
0.180 0.100 0.110 0.105 866411 SPSETIA-C11 0.105 -0.010 2186.6 2.190 2.300 19.41 25/06/2019 0.245 0.170 0.225 0.205 500511 UNISEM-C11 0.220 0.010 400 3.150 2.500 7.30 29/03/2019
0.110 0.105 0.105 0.105 866413 SPSETIA-C13 0.105 -0.005 32.4 2.190 2.500 28.54 31/07/2019 0.150 0.100 0.110 0.105 500513 UNISEM-C13 0.110 -0.015 440 3.150 2.800 6.35 15/03/2019
0.095 0.040 0.075 0.075 0129WA SRIDGE-WA 0.075 Unch 210 0.255 0.180 0.00 24/02/2023 0.150 0.125 0.140 0.135 500515 UNISEM-C15 0.140 0.005 400 3.150 3.300 26.98 17/06/2019
0.095 0.010 0.010 0.010 0140WA STERPRO-WA 0.010 -0.010 20 0.155 0.480 216.13 17/02/2021 0.260 0.050 0.065 0.060 5243WA VELESTO-WA 0.065 Unch 469.6 0.180 0.395 155.56 18/10/2024
0.050 0.005 0.025 0.005 7143WA STONE-WA 0.005 -0.025 168.9 0.145 0.300 110.34 21/06/2020 0.355 0.100 0.195 0.180 0120WB VIS-WB 0.180 -0.005 679.6 0.450 0.750 106.67 16/11/2022
0.195 0.100 0.100 0.100 0080WA STRAITS-WA 0.100 Unch 845 0.220 0.115 -2.27 10/08/2022 0.015 0.005 0.010 0.005 0069WE VIVOCOM-WE 0.005 Unch 453.5 0.020 0.050 175.00 22/08/2023
0.115 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 Unch 704.6 0.015 0.320 2,067 03/03/2021 1.085 0.310 0.390 0.390 7070WC VIZIONE-WC 0.390 Unch 2.5 0.855 0.700 27.49 05/02/2022
0.640 0.210 0.260 0.235 5211WB SUNWAY-WB 0.250 0.010 430.8 1.500 1.790 36.00 03/10/2024 0.320 0.045 0.075 0.065 9679WE WCT-WE 0.075 0.010 2304.6 0.725 2.080 197.24 27/08/2020
0.155 0.025 0.030 0.030 0148WB SUNZEN-WB 0.030 -0.015 520 0.185 0.250 51.35 25/02/2021 0.180 0.085 0.095 0.090 0162WA WIDAD-WA 0.090 Unch 922.6 0.245 0.350 79.59 05/08/2023
0.480 0.075 0.175 0.175 710642 SUPERMX-C42 0.175 0.020 350 1.730 1.440 3.47 31/01/2019 0.210 0.055 0.080 0.080 5246CW WPRTS-CW 0.080 -0.050 10 3.650 3.450 1.10 31/01/2019
0.295 0.005 0.020 0.005 710646 SUPERMX-C46 0.020 0.015 100.1 1.730 2.440 43.06 31/01/2019 0.150 0.095 0.140 0.115 5246CY WPRTS-CY 0.120 -0.010 1102.5 3.650 3.350 4.93 30/08/2019
0.175 0.010 0.015 0.010 710647 SUPERMX-C47 0.015 -0.005 520 1.730 2.300 35.77 27/02/2019 0.431 0.070 0.095 0.095 7245WA WZSATU-WA 0.095 Unch 38 0.205 0.380 131.71 28/10/2024
0.185 0.015 0.025 0.020 710648 SUPERMX-C48 0.020 -0.005 770 1.730 2.250 32.95 30/04/2019 0.020 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 Unch 160 0.045 0.100 133.33 22/03/2019
0.125 0.015 0.015 0.015 710650 SUPERMX-C50 0.015 Unch 30 1.730 2.650 55.78 29/03/2019 0.095 0.010 0.025 0.015 7020WB YKGI-WB 0.020 0.010 1108.7 0.120 0.500 333.33 28/05/2020
0.220 0.065 0.125 0.110 710652 SUPERMX-C52 0.110 -0.005 2047.5 1.730 1.650 11.27 29/03/2019 1.220 0.130 0.155 0.150 7066WA YONGTAI-WA 0.150 0.005 137.5 0.365 0.500 78.08 24/06/2020
0.120 0.030 0.045 0.040 710653 SUPERMX-C53 0.040 Unch 1581.9 1.730 2.100 27.17 29/03/2019 0.105 0.005 0.005 0.005 6742C3 YTLPOWR-C3 0.005 Unch 5 0.855 1.150 36.02 31/01/2019
0.230 0.095 0.135 0.130 710654 SUPERMX-C54 0.135 -0.095 400 1.730 1.750 20.66 31/05/2019 0.085 0.005 0.010 0.005 6742C5 YTLPOWR-C5 0.005 Unch 250.1 0.428 1.300 204.91 31/05/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T U ESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on January 4, 2019) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Apple cuts sales forecast
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Apple took the rare step of cutting its quarterly sales forecast, with chief executive officer
AMWAY (M) (18,300) KUMPULAN WANG PERSARAAN 16,269,500 3/1 Tim Cook blaming slowing iPhones sales in China, whose economy has been dragged
(DIPERBADANKAN)
BINASAT COMMUNICATIONS 155,000 NA BOON AIK 73,436,751 2/1 down by uncertainty around US-China trade relations.
CJ CENTURY LOGISTICS 300,000 TEOW CHOO HING 44,024,294 2/1
COASTAL CONTRACTS (26,000) SAMARANG UCITS 35,148,100 3/1
- SAMARANG ASIAN PROSPERITY
COMFORT GLOVES 117,000 DATO LAU ENG GUANG 112,345,600 2/1
D&O GREEN TECHNOLOGIES 542,300 KUMPULAN WANG PERSARAAN 60,237,900 3/1
(DIPERBADANKAN)
DIALOG GROUP (2,648,000) EMPLOYEES PROVIDENT FUND BOARD 500,733,616 31/12
DIALOG GROUP 204,000 KUMPULAN WANG PERSARAAN 307,251,133 3/1
(DIPERBADANKAN)
DRB-HICOM 360,000 EMPLOYEES PROVIDENT FUND BOARD 192,203,897 28/12
DUTCH LADY MILK INDUSTRIES 108,400 EMPLOYEES PROVIDENT FUND BOARD 5,944,800 27 & 28/12
FRASER & NEAVE (89,900) EMPLOYEES PROVIDENT FUND BOARD 44,456,030 31/12
GLOBETRONICS TECHNOLOGY (631,600) KUMPULAN WANG PERSARAAN 3/1
(DIPERBADANKAN)
HARTALEGA 325,000 EMPLOYEES PROVIDENT FUND BOARD 217,240,400 31/12
HOCK SENG LEE 47,000 DATO YU CHEE HOE 7,760,497 2 & 3/1
HONG LEONG BANK (15,000) EMPLOYEES PROVIDENT FUND BOARD 265,686,821 31/12
HOVID 5,129,400 FAJAR ASTORIA 499,762,165 31/12 & 2/1
HUBLINE 11,000,000 BNDM INCORPORATED 1,041,465,849 4/1
IGB REAL ESTATE 239,800 EMPLOYEES PROVIDENT FUND BOARD 368,287,866 31/12
INVESTMENT TRUST
IHH HEALTHCARE 982,000 EMPLOYEES PROVIDENT FUND BOARD 739,726,200 31/12
IJM CORPORATION (126,000) EMPLOYEES PROVIDENT FUND BOARD 528,583,118 31/12
IJM CORPORATION (1,100,000) KUMPULAN WANG PERSARAAN 183,028,800 3/1
(DIPERBADANKAN)
IMASPRO CORPORATION (630,000) YU KUAN CHON 15,063,504 3/1
INARI AMERTRON (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 215,162,845 31/12 Apple versus Huawei
INARI AMERTRON (250,500) KUMPULAN WANG PERSARAAN 426,195,375 3/1
(DIPERBADANKAN)
INIX TECHNOLOGIES 60,000 ZHANG YANG 15,040,000 2/1
Apple is facing a stern challenge from domestic smartphone maker Huawei, which has
IOI CORPORATION 406,800 EMPLOYEES PROVIDENT FUND BOARD 788,622,373 31/12 risen to become the number one player in the market over the last decade. Its phones
KIAN JOO CAN FACTORY (200,000) EMPLOYEES PROVIDENT FUND BOARD 44,836,200 31/12 have overhauled the once-dominant iPhone and South Korea’s Samsung Electronics.
KUALA LUMPUR KEPONG (13,000) EMPLOYEES PROVIDENT FUND BOARD 127,312,688 31/12
LAFARGE MALAYSIA 75,400 EMPLOYEES PROVIDENT FUND BOARD 60,641,275 31/12
LNH ENTERPRISE 14,000 LNH ENTERPRISE 57,124,926 2 & 3/1
MALAKOFF CORPORATION 150,000 KUMPULAN WANG PERSARAAN 417,682,734 3/1
(DIPERBADANKAN)
MATRIX CONCEPTS 157,600 EMPLOYEES PROVIDENT FUND BOARD 52,535,307 2/1
MERGE ENERBY 183,400 CERDIK CEMPAKA 20,454,300 31/12
2 & 3/1
MISC 558,800 EMPLOYEES PROVIDENT FUND BOARD 283,398,311 20, 21, 24
& 26/12
NI HSIN RESOURCES 200,000 KHOO CHEE KONG 23,937,500 2/1
PANASONIC MANUFACTURING 26,000 EMPLOYEES PROVIDENT FUND BOARD 5,326,446 18, 21, 24
MALAYSIA 26 & 27/12
PAVILION REAL ESTATE 160,100 EMPLOYEES PROVIDENT FUND BOARD 155,937,703 31/12
INVESTMENT TRUST
PENTAMASTER CORPORATION (300,000) KUMPULAN WANG PERSARAAN 40,196,000 3/1
(DIPERBADANKAN)
PUBLIC BANK (93,000) EMPLOYEES PROVIDENT FUND BOARD 483,570,700 31/12
PUC (64,800,000) REDHOT MEDIA INTERNATIONAL LTD. 490,368,402 2 & 3/1
S P SETIA (84,500) EMPLOYEES PROVIDENT FUND BOARD 424,668,817 31/12
SERSOL 499,300 TOH HONG CHYE 41,943,347 3 & 4/1
SIME DARBY 1,262,500 EMPLOYEES PROVIDENT FUND BOARD 673,698,375 31/12
SUNWAY CONSTRUCTION GROUP 100,000 EMPLOYEES PROVIDENT FUND BOARD 96,358,164 31/12
SUNWAY REAL ESTATE 988,700 EMPLOYEES PROVIDENT FUND BOARD 436,141,000 31/12
INVESTMENT TRUST
TELEKOM MALAYSIA 350,000 EMPLOYEES PROVIDENT FUND BOARD 611,772,477 31/12
TIGER SYNERGY 1,258,800 GOH CHING MUN 257,280,500 31/12 Stocks closest to year high Stocks closest to year low
TIONG NAM LOGISTICS 2,745,000 TNTT REALTY 120,595,415 3/1 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
TOP GLOVE CORPORATION 290,000 EMPLOYEES PROVIDENT FUND BOARD 173,850,622 31/12 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
UMW 270,900 EMPLOYEES PROVIDENT FUND BOARD 129,465,333 31/12 SANBUMI 0.415 0.355 0.415 13020.8 HARTA-C18 0.030 0.020 0.020 1085.6
UZMA (38,000) KUMPULAN WANG PERSARAAN 34,260,200 3/1 HARTA-C13 0.060 0.025 0.025 311.5
SPB 5.780 5.730 5.780 64.1
(DIPERBADANKAN)
MALAKOFC19 0.080 0.075 0.080 320 TOPGLOV-C41 0.085 0.065 0.065 444.4
VIZIONE 205,300 DATO’ NG AUN HOOI 82,349,506 3/1
WAH SEONG CORPORATION 70,000 CHAN CHEU LEONG 61,196,487 2 & 3/1 MTRONIC 0.085 0.075 0.085 436.4 LIONFIB 0.465 0.405 0.405 6.2
WESTPORTS 36,300 EMPLOYEES PROVIDENT FUND BOARD 200,521,900 31/12 AMBANK-C10 0.200 0.185 0.185 112.5 STONE 0.145 0.100 0.145 32.3
YINSON 386,300 EMPLOYEES PROVIDENT FUND BOARD 147,711,800 31/12 POS-C31 0.110 0.100 0.100 870 PETDAG-CX 0.090 0.055 0.065 1012.3
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder BURSA-C22 0.105 0.105 0.105 100 CHGP 0.395 0.330 0.345 740.5
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with AIRASIAC74 0.395 0.360 0.365 176 PETGAS-CS 0.060 0.040 0.045 1040.4
Bursa Malaysia. Note: * denotes Ace Market TOPGLOV-C38 0.055 0.055 0.055 0.8
TATGIAP 0.380 0.360 0.375 4034.4
SIME-C30 0.085 0.080 0.085 800 HARTA-C14 0.060 0.035 0.035 831.2
CARIMIN 0.625 0.575 0.615 13879 CBIP-WA 0.040 0.020 0.025 123.1

Local events to watch out for today DPIH 0.350 0.255 0.270 128489.7 TURBO
FBMKLCI-C5G
0.690
0.030
0.620
0.030
0.690
0.030
17.9
10.3
KOSSAN-CY 0.065 0.060 0.060 60
• Gagasan Nadi Cergas Bhd will be listed on • SYF Resources Bhd’s annual general DIALOG-C36 0.040 0.040 0.040 10
the ACE Market of Bursa Malaysia at Bursa meeting at Bukit Mewah Club, Ball- TOPGLOV-C33 0.120 0.070 0.090 2537.6
TOPGLOV-C43 0.140 0.125 0.130 3523.8
Malaysia Bhd, Exchange Square, Persiaran room, Jalan Bukit Indah 2, Taman Bukit
Maybank, Bukit Kewangan, Kuala Lumpur Mewah, Kajang, Selangor at 10am. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
at 9am. could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.591 0.676 0.664 0.530 0.903 0.917 0.917 0.948 2.7823 4.630 56.700 4.410 2.482 9,519 47.082 73.211 5.799 35.428 2.460 2.535 6.041 21.626 5.295
EURO 1.693 1.144 1.123 0.897 1.529 1.553 1.553 1.605 4.7111 7.840 96.007 7.467 4.203 16,118 79.721 123.963 9.819 59.988 4.165 4.292 10.228 36.618 8.966
US $ 1.480 0.874 0.982 0.784 1.336 1.357 1.357 1.403 4.1170 6.852 83.900 6.525 3.673 14,085 69.667 108.331 8.581 52.423 3.640 3.751 8.938 32.000 7.836
SWISS FR 1.507 0.890 1.019 0.799 1.361 1.383 1.383 1.429 4.1933 6.979 85.455 6.646 3.741 14,346 70.959 110.338 8.740 53.395 3.707 3.820 9.104 32.593 7.981
STERLING £ 1.887 1.114 1.275 1.252 1.703 1.731 1.731 1.789 5.2496 8.737 106.981 8.320 4.683 17,960 88.833 138.133 10.941 66.845 4.641 4.782 11.397 40.803 9.991
CANADA $ 1.108 0.654 0.749 0.735 0.587 1.016 1.016 1.050 3.0820 5.129 62.808 4.885 2.749 10,544 52.153 81.097 6.424 39.244 2.725 2.808 6.691 23.955 5.866
BRUNEI $ 1.090 0.644 0.737 0.723 0.578 0.984 1.000 1.033 3.0330 5.048 61.809 4.807 2.706 10,377 51.324 79.807 6.321 38.620 2.682 2.763 6.585 23.574 5.772
SINGAPORE $ 1.090 0.644 0.737 0.723 0.578 0.984 1.000 1.033 3.0330 5.048 61.809 4.807 2.706 10,377 51.324 79.807 6.321 38.620 2.682 2.763 6.585 23.574 5.772
AUSTRALIA $ 1.055 0.623 0.713 0.700 0.559 0.952 0.968 0.968 2.9350 4.885 59.812 4.652 2.618 10,041 49.666 77.229 6.117 37.372 2.595 2.674 6.372 22.813 5.586
MALAYSIA RM 0.359 0.212 0.243 0.238 0.190 0.324 0.330 0.330 0.341 1.0000 1.664 20.379 1.585 0.892 3,421 16.922 26.313 2.084 12.733 0.884 0.911 2.171 7.773 1.903
100 CHINESE RMB 21.597 12.755 14.595 14.330 11.446 19.496 19.811 19.811 20.473 60.0880 1,225 95.236 53.605 205,577 1,016.803 1,581 125.236 765.121 53.126 54.740 130.456 467.044 114.360
100 BANGLAD’H TAKA 1.764 1.042 1.192 1.170 0.935 1.592 1.618 1.618 1.672 4.9070 8.166 7.777 4.378 16,788 83.036 129.119 10.227 62.483 4.339 4.470 10.654 38.141 9.339
100 DANISH KRONER 22.677 13.393 15.325 15.046 12.019 20.472 20.803 20.803 21.497 63.0940 105.00 1,286 56.287 215,861 1,067.67 1,660 131.50 803.40 55.78 57.48 136.98 490.41 120.08
100 UAE DIRHAM 40.288 23.794 27.227 26.732 21.353 36.371 36.958 36.958 38.192 112.0943 186.55 2,284 177.66 383,504 1,897 2,950 233.63 1,427 99.11 102.12 243.37 871.27 213.34
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0292 0.049 0.596 0.046 0.026 0.495 0.769 0.061 0.372 0.026 0.027 0.063 0.227 0.056
100 INDIA RUPEE 2.124 1.254 1.435 1.409 1.126 1.917 1.948 1.948 2.013 5.9095 9.835 120.429 9.366 5.272 20,218 155.497 12.317 75.248 5.225 5.384 12.830 45.933 11.247
100 JAPAN YEN 1.366 0.807 0.923 0.906 0.724 1.233 1.253 1.253 1.295 3.8004 6.325 77.448 6.023 3.390 13,002 64.310 7.921 48.392 3.360 3.462 8.251 29.539 7.233
100 NORWEGIAN KRONER 17.245 10.184 11.654 11.442 9.140 15.568 15.819 15.819 16.348 47.9800 79.850 978 76.045 42.803 164,152 811.913 1,262 610.946 42.421 43.710 104.168 372.932 91.316
100 PHILIPPINE PESO 2.823 1.667 1.908 1.873 1.496 2.548 2.589 2.589 2.676 7.8534 13.070 160.044 12.447 7.006 26,869 132.894 206.647 16.368 6.943 7.154 17.050 61.042 14.947
100 QATAR RIYAL 40.651 24.008 27.473 26.973 21.545 36.698 37.291 37.291 38.536 113.1044 188.231 2,305 179.263 100.901 386,960 1,914 2,976 235.732 1,440 103.038 245.559 879.123 215.261
100 SAUDI RIYAL 39.453 23.300 26.662 26.177 20.910 35.616 36.192 36.192 37.400 109.7691 182.681 2,237 173.977 97.926 375,549 1,858 2,888 228.781 1,398 97.051 238.318 853.198 208.913
100 SWEDISH KRONOR 16.555 9.777 11.188 10.984 8.774 14.945 15.186 15.186 15.693 46.0600 76.654 938.652 73.002 41.090 157,583 779.423 1,212 95.998 586.498 40.723 41.961 358.009 87.662
100 THAI BAHT 4.624 2.731 3.125 3.068 2.451 4.174 4.242 4.242 4.384 12.8656 21.411 262.187 20.391 11.477 44,017 217.710 338.533 26.815 163.822 11.375 11.721 27.932 24.486
100 HK$ 18.885 11.153 12.762 12.530 10.009 17.048 17.324 17.324 17.902 52.5429 87.443 1,070.767 83.277 46.874 179,763 889.126 1,383 109.510 669.047 46.455 47.867 114.075 408.398
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
TUES DAY JAN UA RY 8 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
18.00
1980 1,683.50 90000 -1.50 4.5
(+9.50) (-2.00) 3.78
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

95.919
(-0.26) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Jan 7, 2019 Jan 4, 2010 Jan 7, 2019 Oct 2, 2006 Jan 7, 2019 Oct 1, 2000 Jan 7, 2019

KLCI futures end higher in FBM KLCI futures US dollar skids as Fed rate Klibor
line with positive cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
pause bets weigh MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,679.17 9.39 66.8M The US dollar weakened yesterday on MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives ended higher yesterday JAN 19 1,683.50 9.50 6,051 26,820 510 growing bets the US central bank will halt SEP9 96.22 — — —
in line with the positive underlying cash FEB 19 1,681.50 6.50 200 408 34
its multi-year rate hike cycle, with the euro DEC9 96.22 — — —
MAR 19 1,677.50 7.50 64 491 -6
market. JUN 19 1,669.50 6.00 20 181 5
and Norwegian crown leading gains among MAR0 96.22 — — —
Spot month January 2019 rose 9.5 points TOTAL its rivals. JUN0 96.22 — — —
6,335 27,900 543
SEP0 96.22 — — —
to 1,683.5; February 2019 added 6.5 points Even after last week’s strong US jobs DEC0 96.22 — — —
to 1,681.5; March 2019 increased 7.5 points FUTURES
JAN/FEB
ROLL OVER BID
-0.5
OFFER
-1.5
CLOSE
-1.5
data for December, market watchers believe MAR1 96.22 — — —
to 1,677.5; while June 2019 gained six points the world’s biggest economy is losing JUN1 96.22 — — —
to 1,671.5. FUTURES FAIR VALUE momentum. SEP1 96.22 — — —
DEC1 96.22 — — —
Turnover eased to 6,335 lots from 7,418 CONTRACT
JAN 19
DAYS TO EXPIRY
25
KLIBOR DIVIDEND FAIR VALUE
3.77 0.27 3.50
Comments by US Federal Reserve chair MAR2 96.22 — — —
lots last Friday, while open interest fell to FEB 19 53 8.16 5.33 2.83 Jerome Powell have added to expectations JUN2 96.22 — — —
27,900 contracts from 28,376 contracts ROLL’S FAIR -0.67 the central bank may adopt a more cautious SEP2 96.22 — — —
previously. outlook. DEC2 96.22 — — —
MAR3 96.22 — — —
The underlying benchmark KLCI rose “The US dollar is suffering from falling rate
JUN3 96.22 — — —
9.39 points to 1,679.17. hike expectations and it should remain weak SEP3 96.22 — — —
Southeast Asian stock markets rose in the coming days,” said Manuel Oliveri, a JAN-00 — — — —
yesterday, with Singapore marking a three- currency strategist at Credit Agricole. JAN-00 — — — —
week closing high, as the start of Sino-US alleviate concerns about slowing global Against a basket of its rivals, the greenback JAN-00 — — — —
TOTAL 0 0
trade talks raised hopes that a deal would economic growth. — Reuters fell 0.33% to 95.919. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil

Gold
US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 6400 0.700 155.00
200000
2,159 0.2891
3450
(-13) 5075 (RM2,621/tonne) 0.525 121.25
1660 1,292.50
152500 (+6.70)
49.07
(+1.11) 1340
2700 105000 3750 0.350 87.50

1950 2425 0.175 53.75 1020

57500
2,159
1200 (-13) 700
10000 1100 0.000 20.00
Jan 6, 2008 Jan 7, 2019 Apr 10, 2007 Jan 7, 2019 Aug 31, 2008 Jan 7, 2019
Jan 6, 2008 Jan 7, 2019

Palm oil slips on caution ahead CPO futures Oil gains 2%, extending Commodities

of December data release CONTRACT

JAN-19
LAST
2,091
CHANGE
-29
VOLUME
314
OPEN CHANGE IN
INTEREST OPEN INTEREST
3,183 -513
rally from December lows AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,159 -13
RUBBER SEN/KG MRB 549.50 -17.50
FEB-19 2,121 -17 2,406 17,457 -568
Malaysian palm oil futures fell yesterday, Oil prices rose by 2% yesterday, extending a CORN USC/BSH CBOT 383.25 0.25
MAR-19 2,159 -13 16,240 57,016 -670
SOYBEANS USC/BSH CBOT 912.00 2.50
a second drop in four sessions, as traders APR-19 2,197 -14 5,754 49,724 549 rally from 18-month lows hit in December
WHEAT USC/BSH CBOT 515.25 -1.75
remained cautious over official data due MAY-19 2,222 -14 2,103 35,476 580 with support from Opec production cuts LIVE CATTLE USC/IBS CME 124.00 -1.40
to be released by the industry regulator CPO FUTURES CPO/SOYOIL and steadying equity markets. COCOA US$/TON NYBOT 2,401 3
this week. INDICATIVE ROLL-OVER FUTURES BASIS (USD) Oil has gained nearly 12% since last COFFEE USC/IBS NYBOT 104.50 -0.15
JAN/FEB -30 CURRENT -74.29
The benchmark palm oil contract JAN/MAR -68 3 MONTHS AVERAGE -72.71
Monday in its biggest week-on-week rally SUGAR USC/IBS NYBOT 12.19 0.17
for March delivery on Bursa Malaysia JAN/APR in two years. COTTON USC/IBS NYC 76.30 1.01
-106 6 MONTHS AVERAGE -85.37
Derivatives closed down 0.6% or RM13 to FEB/MAR -38 Global benchmark Brent crude futures METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,650 50
RM2,159 at the close of trade. SGS & ITS EXPORT ESTIMATES (TONNES) rose US$1.21 on the day to US$58.27 a barrel, COPPER USC/IBS CMX 2.6420 -0.0055
“Today’s (yesterday) market behaviour SHIPMENT DAYS OCT’18 NOV’18 DEC’18 up from December’s slide below US$50, GOLD US$/TROY OZ CMX 1,292.50 6.70
is mostly on corrective measures after the 1 - 10TH DAYS 352/308 352/307 312/299 which was its lowest level since July 2017. PLATINUM US$/TROY OZ NYMEX 822.00 -0.50
recent rally,” a Kuala Lumpur-based futures 1 - 15TH DAYS 552/539 552/549 600/524
US West Texas Intermediate crude PALLADIUM US$/TROY OZ NYMEX 1,230.00 10.40
trader said. “We’re awaiting Malaysian Palm 11 -- 20TH DAYS
25TH DAYS
912/891
1,085/1,096
823/793
1,074/1,040
879/847
1,078/974
futures were up US$1.11 to US$49.07 a SILVER USC/TROY OZ CMX 15.80 0.06
Oil Board (MPOB) figures for further leads.” FULL MONTH barrel. ALUMINIUM RMB/TON SHF 13,460 70
1,428/1,394 1,241/1,250 —/1,273
ZINC RMB/TON SHF 20,250 285
Palm oil saw weekly gains of 2.4% last MALAYSIAN PALM OIL BOARD “Momentum is coming back into the
week, rising to a two-week high, on a weaker AUG’18 SEP’18 OCT’18 NOV’18 market from very depressed price levels,” ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 49.07 1.11
ringgit and after India said it would reduce PRODUCTION 1,622 1,854 1,965 1,845 Petromatrix strategist Olivier Jakob said. “We HEATING OIL USC/GAL NYMEX 1.7986 0.0376
import taxes on Southeast Asian palm oil. EXPORT
STOCKS
1,100
2,489
1,619
2,541
1,571
2,722
1,375
3,007
have had five consecutive days of price gains NATURAL GAS US$/MMBTU NYMEX 2.847 -0.058
The MPOB will release production, already, so what you have today (yesterday) BRENT CRUDE US$/BBL ICE 58.27 1.21
MPOB palm oil physical
export and inventory data for December is a continuation of that.” — Reuters GAS OIL US$/TON ICE 544.00 15.50
on Thursday. (IN RM/TON) JAN’19 FEB’19 MAR’19

A Reuters poll showed that Malaysian CPO DELD

PK EX-MILL
2,040.00 2,120.00
1,510.00 NO TRADE NO TRADE
2,145.00 Centrifuged Latex Rubber - M’sia SMR 20
palm oil stocks are expected to rise for CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
a seventh straight month to 3.14 million RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
tonnes, its highest inventory levels since RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
January 2000. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 390.50 1475 549.50
(-5.50)
A stronger ringgit, palm oil’s currency MPOB FFB REF PRICE (MILL GATE PRICE) (-17.50)

of trade, had also weighed on the market, REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
another Malaysian trader said. NORTH 20.00% 415 19.00% 395 18.00% 376
The ringgit gained as much as 0.7% SOUTH 20.00% 426 19.00% 406 18.00% 386
500 625
against the US dollar yesterday. It up 0.5% CENTRAL 20.00% 420 19.00% 401 18.00% 381
at 4.113 per US dollar at 1115 GMT, its EAST COAST 20.00% 415 19.00% 395 18.00% 376 300 200
SABAH 22.00% 404 21.00% 387 20.00% 369 Jan 7, 2007 Jan 7, 2019 Jan 7, 2007 Jan 7, 2019
highest level in four months. — Reuters SARAWAK 22.00% 410 21.00% 392 20.00% 373
 Markets
32 T UESDAY JAN UARY 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,679.17 9.39 FBM ACE 4,394.62 100.19 FTSTI 3,102.80 43.57 NIKKEI 20,038.97 477.01 HANG SENG 25,835.70 209.67 DOW JONES 23,433.16 746.94

Adventure is worthwhile in itself. Market movers

— Amelia Earhart
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 DPIH 128,489.7 0.020 8.00 0.270 — 0.00
('000) (%) (RM) (RM) (RM) (RM) TATGIAP-PA 123,826.3 UNCH UNCH 0.070 — —
Index point
1692.0 DPIH 128,490 0.00 0.000 0.270 0.350 0.255 AAX 84,608.8 0.045 17.31 0.305 — 0.00
1690.1 TATGIAP-PA 123,826 0.00 0.000 0.070 0.075 0.065 ARMADA 71,887.1 -0.005 -3.23 0.150 — 1.07
1688.2 AAX 84,609 17.31 0.045 0.305 0.310 0.260 VS 56,494.0 -0.010 -1.36 0.725 8.44 5.31
1686.3 HSI-H4O 53,638 -21.31 -0.065 0.240 0.255 0.205 HSI-H4O 53,638.1 -0.005 -2.04 0.240 — 0.00
1,683.50 KNM 39,843 0.00 0.000 0.075 0.085 0.075 HUBLINE 48,251.1 0.005 11.11 0.050 — 0.00
1684.4 KLCI futures (+9.50)
HSI-C5B 39,507 6.25 0.020 0.340 0.380 0.330 MYEG 45,188.4 0.005 0.53 0.950 45.00 1.80
1682.5
JAG 38,153 30.00 0.015 0.065 0.070 0.055 HIBISCS 44,381.2 0.050 5.59 0.945 4.84 0.00
1680.6
ECONBHD 36,312 4.94 0.020 0.425 0.450 0.420 SAPNRG 41,098.6 -0.005 -1.72 0.285 — 2.44
1678.7 KL Composite Index
ORION 31,951 9.52 0.010 0.115 0.120 0.105 KNM 39,843.2 UNCH UNCH 0.075 — 0.00
1676.8 XINGHE 24,918 28.57 0.010 0.045 0.050 0.035 HSI-C5B 39,506.9 UNCH UNCH 0.340 — 0.00
1674.9 1,679.17 HIBISCS-WC 20,228 10.99 0.050 0.505 0.515 0.480 JAG 38,152.8 0.015 30.00 0.065 27.78 3.80
(+9.39)
1673.0 AAX-WA 19,706 36.36 0.020 0.075 0.080 0.055 ECONBHD 36,312.0 0.020 4.94 0.425 6.69 3.95
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-H4W 16,522 -5.71 -0.020 0.330 0.335 0.300 INARI 33,361.1 0.100 8.13 1.330 14.32 5.26
PCHEM 14,207 -3.56 -0.330 8.930 9.280 8.890 ORION 31,951.0 0.010 9.52 0.115 — 0.00
Daily FBM KLCI A50CHIN-C32 13,854 4.44 0.010 0.235 0.240 0.230 PUC 28,355.2 -0.005 -4.55 0.105 — 0.00
TOPGLOV 13,527 -4.33 -0.240 5.300 5.580 5.250 XINGHE 24,918.4 0.010 28.57 0.045 — 0.00
GENM 20,712.9 0.070 2.30 3.110 — 3.62
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
BARAKAH 20,693.1 -0.005 -6.67 0.070 — 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,679.17 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(+9.39) market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1,668.69
KLCI up after China CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)
1425.0
reserve requirement cut KESM
TENAGA
8.250
13.940
0.800
0.480
F&N
BLDPLNT
32.840
7.100
-0.480
-0.430
PENTA 2.640 0.320 PETGAS 18.000 -0.420
1122.5
PETRONM 6.700 0.300 HARTA 5.750 -0.380
KUALA LUMPUR: The FBM KLCI closed up 9.39 points or AMBANK 4.580 0.240 PCHEM 8.930 -0.330
820.0 0.56% to 1,679.17 yesterday, tracking Asian peers, as investors HENGYUAN 5.050 0.200 NESTLE 145.000 -0.300
Jan 2, 2008 Jan 7, 2019
took cue from the US’ strong employment data and US SIMEPLT 5.000 0.200 TOPGLOV 5.300 -0.240
Federal Reserve’s (Fed) dovish turn. DUFU 1.670 0.200 PETDAG 25.700 -0.200
900 China’s move to cut bank reserve requirements also MPI 9.840 0.190 HSI-H6J 0.950 -0.200
ALLIANZ 13.460 0.160 SP500-HF 0.635 -0.200
supported world stock markets as investors looked ahead
600 GAMUDA 2.450 0.160 DLADY 60.800 -0.180
at US-China trade talks yesterday. PANAMY 37.960 0.140 SP500-HG 0.815 -0.160
300 “I think the (Malaysian share) market also (saw an)
oversold situation last week,” Danny Wong, chief executive Top gainers and losers (ranked by percentage)
0 officer of Areca Capital Sdn Bhd told theedgemarkets.com.

 
Volume (’mil) “We might see some bargain hunting,” Wong said. UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Wong said Fed chairman Jerome Powell’s dovish
FBM KLCI futures comments were also behind the more positive share-trade SUPERMX-C46 0.020 300.00 STONE-WA 0.005 -83.33

CONTRACT SETTLEMENT CHANGE HIGH LOW

sentiment yesterday. However, Wong expects volatile trading AAX-C20 0.015 200.00 PUC-WB 0.005 -66.67
AAX-C21 0.015 200.00 HARTA-C13 0.025 -58.33
JAN 19 1,683.50 9.50 1,690.50 1,677.00 to continue until investors are more certain of earnings and NEXGRAM-WC 0.010 100.00 MCLEAN-WB 0.015 -57.14
FEB 19 1,681.50 6.50 1,689.50 1,678.00 growth expectations. INARI-C25 0.010 100.00 STERPRO-WA 0.010 -50.00
MAR 19 1,677.50 7.50 1,684.50 1,675.00
Asian shares closed higher yesterday. Japan’s Nikkei 225 HSI-C3Q 0.010 100.00 MRCB-C32 0.005 -50.00
rose 2.44%, South Korea’s Kospi climbed 1.34%, while Hong HSI-C3R 0.010 100.00 HARTA-C11 0.005 -50.00
FBM KLCI sensitivity* Kong’s Hang Seng Index added 0.82%. DRBHCOMC64 0.010 100.00 HARTA-C18 0.020 -50.00

KLCI CHANGE CLOSE VOLUME Reuters reported yesterday the combination of a strong E&O-WB 0.010 100.00 MALAKOFC12 0.005 -50.00
POINTS (RM) (RM) ('000) HENGYUAN-CZ 0.050 100.00 TENAGA-C46 0.005 -50.00
TENAGA NASIONAL 4.31 0.480 13.940 5692.4
jobs report and a dovish Fed helped the Dow Jones Industrial POS-C28 0.010 100.00 DIALOG-C34 0.005 -50.00
SIME DARBY PLANTATION 2.15 0.200 5.000 3795.4 Average end last Friday with gains of 3.29%, while the S&P HIBISCS-CI 0.010 100.00 MALAKOFC19 0.080 -46.67
MAYBANK 1.92 0.110 9.460 7580.2 500 Index jumped 3.43% and the Nasdaq Composite Index
IHH HEALTHCARE 1.66 0.120 5.560 7502.2 gained 4.26%. It was reported that risk appetite got a huge Top gainers and losers - warrants (ranked by percentage)
MAXIS 1.60 0.130 5.660 1703.6 boost last Friday when the US payrolls report showed 312,000
AMMB HOLDINGS 1.14 0.240 4.580 5600.6 UP CHANGE DOWN CHANGE
GENTING 0.80 0.130 6.060 4651.8
net new jobs were created in December, while wages rose at CLOSE (%) CLOSE (%)
SIME DARBY 0.75 0.070 2.360 8200.2 a brisk annual pace of 3.2%. — by Samantha Ho SUPERMX-C46 0.020 300.00 STONE-WA 0.005 -83.33
GENTING MALAYSIA 0.66 0.070 3.110 20712.9
World equity indices AAX-C20 0.015 200.00 PUC-WB 0.005 -66.67
HONG LEONG BANK 0.34 0.100 20.600 496.3 AAX-C21 0.015 200.00 HARTA-C13 0.025 -58.33
PETRONAS DAGANG -0.31 -0.200 25.700 189.4 CLOSE CHANGE CLOSE CHANGE NEXGRAM-WC 0.010 100.00 MCLEAN-WB 0.015 -57.14
DIALOG GROUP -0.62 -0.070 2.840 13824.6
DOW JONES 23,433.16 746.94 INDONESIA 6,287.22 12.68 INARI-C25 0.010 100.00 STERPRO-WA 0.010 -50.00
TOP GLOVE CORPORATION -0.97 -0.240 5.300 13526.8
S&P 500 2,531.94 84.05 JAPAN 20,038.97 477.01 HSI-C3Q 0.010 100.00 MRCB-C32 0.005 -50.00
PETRONAS GAS -1.31 -0.420 18.000 801.9
NASDAQ 100 6,422.67 275.55 KOREA 2,037.10 26.85 HSI-C3R 0.010 100.00 HARTA-C11 0.005 -50.00
HARTALEGA HOLDINGS -2.00 -0.380 5.750 8680.3
FTSE 100 6,837.42 144.76 PHILIPPINES 7,787.66 26.55 DRBHCOMC64 0.010 100.00 HARTA-C18 0.020 -50.00
PETRONAS CHEMICAL -4.17 -0.330 8.930 14206.9
AUSTRALIA 5,683.20 63.80 SINGAPORE 3,102.80 43.57 E&O-WB 0.010 100.00 MALAKOFC12 0.005 -50.00
SUB-TOTAL 5.94
CHINA 2,533.09 18.22 TAIWAN 9,590.30 207.79 HENGYUAN-CZ 0.050 100.00 TENAGA-C46 0.005 -50.00
OTHERS 3.45
HONG KONG 25,835.70 209.67 THAILAND 1,592.72 17.59 POS-C28 0.010 100.00 DIALOG-C34 0.005 -50.00
GRAND TOTAL 9.39
INDIA 35,850.16 155.06 VIETNAM 889.64 8.74 HIBISCS-CI 0.010 100.00 MALAKOFC19 0.080 -46.67
* How stock price changes affected the index on the previous trading day

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