FBM KLCI 1688.14 13.98 KLCI FUTURES 1694.50 4.50 STI 3171.11 21.60 RM/USD 4.1350 CPO RM2281.

4.1350 CPO RM2281.00 18.00 OIL US$61.98 0.48 GOLD US$1284.70 1.30
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

THURSDAY JANUARY 24, 2019 ISSUE 2816/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
AirAsia seeks over RM400m in
counterclaims against MAHB
4 HOME BUSINESS

2 AFP

Malaysia could curb

French purchases
if palm oil use
restricted

MORE PAIN
2

Report lodged
with MACC
over trespassing of

BEFORE
Medan Imbi land

t y
5 HOME BUSINESS

oper
F&N: Raising
a pr rtal
MALAYSIA po
prices will be
our last resort
5 HOME BUSINESS

GAINS
Salary threshold for
expats may be raised
to protect locals

– UBS
Economist
E i t sees the
th E&E E
and O&G sectsectors
tors taking
taking a hit.
Samantha
Saamantha Ho Ho has the
6 HOME BUSINESS
sstory
tory on Page 3.
Sunway, Hoi Hup
secure Singapore
lland
d at RM1
RM1.32b
32b ffor
condominium project
10 H O M E Alleged 1MDB conspirator says Abu Dhabi
I saw photo of
Altantuya with DPM, made him a scapegoat — report 8 HOME BUSINESS
says Burmaa
 FBM KLCI 1688.14 13.98 KLCI FUTURES 1694.50 4.50 STI 3171.11 21.60 RM/USD 4.1350 CPO RM2281.00 18.00 OIL US$61.98 0.48 GOLD US$1284.70 1.30
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

THURSDAY JANUARY 24, 2019 ISSUE 2816/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
AirAsia seeks over RM400m in
counterclaims against MAHB
4 HOME BUSINESS

2 AFP

Malaysia could curb

French purchases
if palm oil use
restricted

MORE PAIN
2

Report lodged
with MACC
over trespassing of

BEFORE
Medan Imbi land
5 HOME BUSINESS

F&N: Raising

MALAYSIA
prices will be
our last resort
5 HOME BUSINESS

GAINS
Salary threshold for
expats may be raised
to protect locals

– UBS
E
Economisti t sees the
th E&E
and O&G sectors taking a hit.
Samantha Ho has the
6 HOME BUSINESS
story on Page 3.
Sunway, Hoi Hup
secure Singapore
land at RM1.32b for
condominium project
10 H O M E Alleged 1MDB conspirator says Abu Dhabi
I saw photo of
Altantuya with DPM, made him a scapegoat — report 8 HOME BUSINESS
says Burmaa
2 T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
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Malaysia could curb French
purchases if palm oil use cut
Dr M calls on Macron to reject the proposed ban on palm oil in biofuels
BY EMILY CHOW & JOSEPH SIPALAN
KUALA LUMPUR: Malaysia will
consider laws to restrict imports of
French products if Paris does not
withdraw plans to curb the use of
palm oil in biofuels, Prime Min-
ister Tun Dr Mahathir Mohamad
said in a letter to French President
Emmanuel Macron.
French lawmakers last month
voted to remove palm oil from the
country’s biofuel scheme as of 2020,
following longstanding concerns
about the environmental impact
of the crop that is mainly produced
in Indonesia and Malaysia.
Palm oil is used as feedstock for
the making of biodiesel, as well as
Report lodged with MACC over
trespassing of Medan Imbi land
BY CHESTER TAY
KUALA LUMPUR: The Office of the
Federal Territories Minister has
lodged a report with the Malay-
sian Anti-Corruption Commission
(MACC) on the trespassing of two
plots of government land at Medan
Imbi, Bukit Bintang here, according
to Bernama.
Special Functions Officer to the
Minister Zulhazmi Shariff said the
report was lodged to enable the an-
ti-graft agency to investigate if there
was an element of misconduct or
abuse of power involved in allow-
ing the construction of permanent
structures at the affected site.
“It is weird how Kuala Lumpur
City Hall (DBKL) could approve
planning (by a company) on land
that did not belong to the company
or owned by DBKL. We feel there
are quarters involved in the pro-
cess who received rewards from
the company or other quarters,” he
said in the report yesterday.
He said the documents that were
handed over to MACC contained
the chronology of the case, report
Fox units file US$46.4m counterclaim against Genting Malaysia
BY CHESTER TAY
KUALA LUMPUR: Fox Entertain-
ment Group LLC, Twentieth Centu-
ry Fox Film Corp and FoxNext LLC
(Fox) have filed a US$46.4 million
(RM192.1 million) counterclaim
against Genting Malaysia Bhd’s suit
against them for breach of contract
at the US District Court, Central
District of California.
In a bourse filing yesterday, Gen-
ting Malaysia said Fox, together
with Twenty First Century Fox Inc
in everything from cookies and
soap to lipstick. Environmental
groups say the palm oil industry
causes deforestation, as well as
the displacement of wildlife and
indigenous communities.
Palm oil is a key source of rev-
enue for Malaysia, which is the
second-biggest exporter of the veg-
etable oil.
In the letter to Macron dated Jan
8, Dr Mahathir called on the French
leader to reject the proposed ban on
palm oil in biofuels, adding that the
trade relationship between the two
countries depended on mutual re-
spect for each other’s commodities.
“Failing in that mutual respect
will force Malaysia to look at ac-
MOHD IZWAN MOHD NAZAM
by DBKL’s Department of Integri-
ty, as well as reports and eviction
notices by the Kuala Lumpur Land
and Mines Office.
Zulhazmi was also reported as
saying that notice to evict the prem-
ises at the site was served to the own-
er last Jan 3, but it went unheeded.
On Jan 18, The Edge Financial
Daily identified the owner of the
controversial building built on the
land in Medan Imbi as Willowcrest
Management Sdn Bhd, a company
linked to businessman Datuk Seri
Tee Yam @ Koo Tee Yam.
(21CF) and The Walt Disney Com-
pany also filed a reply to the lawsuit
initiated by the casino and resort
operator in November last year.
In its counterclaim, Fox is ask-
ing for US$46.4 million in respect
of annual licence fees, guarantee
amounts or royalties and travel re-
imbursements pursuant to a Memo-
randum of Agreement (MoA) dated
June 1, 2013, as well as consequen-
tial damages, reasonable costs and
other relief under applicable law.
The MoA was entered between
For breaking news updates go to
www.theedgemarkets.com
tions, including, but not limited
to, suspension of EU-Malaysia free
trade talks and the imposition of
like-minded legislation against
French exports,” Dr Mahathir said
in the letter, a copy of which was
seen by Reuters yesterday.
France’s move could lead to “re-
grettable economic and trade con-
sequences” for Malaysian exporters
of palm oil and French exporters,
Dr Mahathir said.
A spokesman for Dr Mahathir’s
office confirmed the veracity of the
letter and said the letter was sent
via diplomatic channels.
Primary industries minister Te-
resa Kok also confirmed the au-
thenticity of the letter.
A search on the Companies
Commission Malaysia web-
site showed that Willowcrest is
99%-owned by Tee Yam, while the
remaining 1% is held by Eco Hab-
itat Sdn Bhd.
The shareholders of Eco Habi-
tat are Tee Yam (90%), with Wong
Siaw Puie and Ameera Encee Koo
Abdullah owning 5% each.
On Jan 16, Federal Territories
Minister Khalid Abdul Samad ques-
tioned how a development order
had been issued to the two proper-
ties — one an office building “which
looks like a six-star hotel” and the
other a restaurant — in Medan Imbi
when the land did not belong to ei-
ther the company or DBKL.
This follows an internal investi-
gation by the integrity unit of DBKL,
which revealed that both pieces of
land measuring 0.14ha on Lot 568
and Lot 716 belonged to the Federal
Territories Land and Mines Office.
According to Khalid, the land
was valued at nearly RM20 million,
and was originally a playground
with trees, but is now a site for the
six-storey office bulding.
Genting Malaysia and Twentieth Cen-
tury Fox Licensing & Merchandising,
a division of Fox Entertainment Group
Inc, whereby the group was granted
a licence to utilise certain intellectual
property rights associated with Fox
theatrical motion pictures in connec-
tion with the design, development,
construction and operation of what
was to be called the Twentieth Cen-
tury Fox World theme park under the
Genting Integrated Tourism Plan.
Genting Malaysia said it is in the
process of reviewing the counter
An official at the French presiden-
cy said it was looking into the matter.
Bilateral trade between the two
countries totalled €3.87 billion in
2017, Dr Mahathir said in the letter.
Dr Mahathir, who was elected
to power in May last year, said the
French move to limit palm oil use
was discriminatory and that the
vegetable oil was not responsible
for deforestation.
France’s plan to limit palm oil use
followed a move by European law-
makers last year to back measures to
limit the use of palm oil in biofuels,
ahead of an eventual ban in 2030.
Indonesia and Malaysia jointly
produce 90% of the world’s palm
oil. — Reuters
Digital marketing
solutions provider
MCOM seeks
LEAP listing
BY TA N XUE Y IN G
KUALA LUMPUR: Digital mar-
keting solutions provider MCOM
Holdings Bhd is seeking to list its
shares on the Leap Market of Bur-
sa Malaysia in March this year.
The company, which specialis-
es in the mobile advertising plat-
form and mobile payment solu-
tions, intends to place out 18.86
million shares representing 10%
of its enlarged share capital to
selected sophisticated investors.
Proceeds from the proposed
listing will be used primarily to
increase automation in the com-
pany’s mobile advertising platform,
enhance mobile advertising solu-
tion infrastructure, and for capital
expenditure to set up essential fa-
cilities to offer wired and wireless
Internet services in Cambodia.
MCOM’s subsidiary holds an
Internet Service Provider (ISP)
licence to establish and provide
Internet services in Cambodia. It
also has a data centre and network
operating centre in Phnom Penh.
claim with its legal counsels and
intends to file a timely response.
Its legal proceedings in the same
US district Court against Fox, 21CF
and Disney is for breach of contract,
and breach of the implied covenant
of good faith and fair dealing. The
group is claiming damages of over
US$1 billion following the termina-
tion of the MoA by Fox.
Genting Malaysia slipped two
sen or 0.61% to close at RM3.26
yesterday, for a market capitalisa-
tion of RM18.37 billion.
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
More pain before
Malaysia gains — UBS
Its senior economist sees electrical and electronics, and O&G sectors taking a hit
BY SA M A NTHA H O
KUALA LUMPUR: Malaysia’s
economy is expected to go
through more pain this year as
growth slows significantly due to
decelerating exports and ongoing
institutional reforms, according
to UBS Investment Bank.
Its senior economist Edward
Teather said the local economy is
expected to endure more “pain”
this year before seeing a gain in
2020.
He expects several factors to
drag Malaysia’s gross domestic
product (GDP) growth down to
4% this year — below consen-
sus estimates — compared with
the anticipated growth of 4.7%
for 2018.
Teather said export growth is
expected to slow to 1% in 2019,
mainly because of the decline in
oil prices and supply chain disrup-
International agencies confirm
Malaysia’s credit ratings — MoF
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: The Ministry of
Finance (MoF) said three of the
world’s largest international credit
rating agencies have confirmed Ma-
laysia’s credit ratings, as the country
continues its journey of restoring
its fiscal position.
In a statement yesterday, MoF
pointed out that Moody’s recent
annual update stated that the coun-
try’s economic growth will contin-
ue to be stronger than its A-rated
peers, while Malaysia’s strong di-
versified economy is partially off-
setting the negative impact of the
government’s high debt level.
In December, the rating agency
had maintained the government’s
credit ratings at A3 on the back of
Malaysia’s commendable growth,
deep domestic capital market and
solid institutional framework.
The agency also said that a near-
term change in credit rating is un-
likely.
MoF, in its statement, also high-
lighted the November report by
Fitch Ratings, which reaffirmed
Malaysia’s sovereign ratings at ‘A-’
with stable outlook.
Fitch said the 2019 Budget is
in line with the country’s path of
fiscal consolidation over the me-
dium term and expects debt ratios
to fall in the coming years, provid-
ed that gross domestic production
(GDP) growth remains in line with
the revised outlook for growth of
tion due to the US-China trade war.
Specifically, Teather sees the
electrical and electronics, and oil
and gas (O&G) sectors taking a hit.
As UBS expects Brent crude oil to
trade at US$65 (RM269) per barrel
by the end of this year, he noted
that this is likely to “hit the brakes
on investment in the O&G sector.”
Institutional reforms are also ex-
pected to continue contributing to
uncertainty among investors in Ma-
laysia throughout 2019, Teather said.
“In the longer term, however,
both the Pakatan Harapan govern-
ment’s institutional reforms and the
Comprehensive and Progressive
Agreement for Trans-Pacific Part-
nership (CPTPP) membership will
improve (Malaysia’s) prospects in
2020,” he said in a UBS conference
call on “Overview of Asean Outlook
2019” yesterday.
However, Teather is of the view
that the country’s GDP growth
Fitch: The new
government was
elected on pledges
to raise governance
standards and
address corruption,
particularly with
respect to public
finances.
4.9% and 5% for 2019 and 2020
respectively.
“Most tellingly, Fitch conclud-
ed by saying that ‘the new govern-
ment was elected on pledges to
raise governance standards and
address corruption, particularly
with respect to public finances’,”
said MoF.
The institutional reforms listed
in the budget, such as the migra-
tion towards accrual accounting by
2021, the introduction of a Fiscal
Responsibility Act by 2021, the in-
troduction of a Government Pro-
curement Act by 2019, the applica-
tion of zero-based budgeting for the
2019 budget and the open tender
and zero tolerance for corruption
and non-compliance of budgeting
procedure were viewed as credit
positive by the rating agency.
Similarly, S&P Global Ratings
noted the government’s commit-
ment to gradual fiscal consolidation
in 2020 may not reach its full po-
tential of an estimated 5% if the
government does not ratify the
CPTPP. He estimated that the na-
tion’s growth rate may instead fall
nearer the low end of between 4.5%
and 4.7% next year.
Private consumption, which has
long been the growth engine of Ma-
laysia’s economy, is also something
that UBS believes will weaken this
year.
Instead of the RM37 billion of tax
refunds being a boost to the econo-
my, Teather said it is “common for
tax refunds to be saved”.
“The additional boost might not
provide terribly significant returns
(in terms of growth),” he said, adding
that private consumption appears
to have been brought forward in
2018 due to the tax holiday period
between June and September.
On the bright side, UBS sees Ma-
laysia being among the best posi-
and expects the one-off pressures
such as the funding of goods and
services tax (GST) rebates should
abate after 2019. S&P maintained
Malaysia’s credit rating at ‘A-’.
MoF acknowledged the rating
agencies’ concerns over the gov-
ernment’s narrowing revenue base
following the removal of GST, which
was replaced with the sales and ser-
vice tax (SST) and said that these
issues are being dealt with.
“The concerns are being ad-
dressed, as can be seen by the en-
couraging increase in direct tax
collection last year which rose by
RM13.7 billion or 11.1% year-on-
year to a record high of RM137 bil-
lion.
“This proves that not only the
government is on track with its
consolidation exercise but that
the economy had continued to
grow last year, with corporate tax
amounting to 51.1% of direct taxes
collected,” said MoF, adding that
the government collected RM5.4
billion in SST revenue over the last
two months of 2018, 34% higher
than the projected collection of
RM4 billion.
The ministry said improved tax
collection strategies and contin-
ued economic growth will ensure
that Malaysia meets its fiscal con-
solidation objectives and that the
Tax Reform Committee and Public
Finance Committee established
last year will help the government
diversify its revenue base.
HOME BUSINESS 3
tioned countries to gain from any
shifts in supply chains due to the
US-China trade war.
“Of all countries in Asia, Malay-
sia does relatively well in terms of
stepping up to fill [the gap)] left by
China’s exports to the US,” Teath-
er said.
UBS’ survey of Chinese compa-
nies also indicated that Malaysia is
a relatively large recipient of foreign
direct investments for factories mov-
ing out of China on a 12-month or
longer basis, he noted.
Globally, Teather said the good
news is that the trade war situation
has improved slightly and the in-
vestment bank now expects tariff
levels to remain unchanged instead
of decreasing.
“The bad news is that global
growth is slowing, not purely be-
cause of the trade war but because
of the weakness in Chinese con-
sumer spending, uncertainty in the
Haris Fadzilah is FGV’s new CEO
BY AHM A D N AQ IB ID R IS
KUALA LUMPUR: FGV Holdings
Bhd has appointed Datuk Haris
Fadzilah Hassan as group chief
executive officer (CEO) effective
immediately.
With Haris’s appointment, Da-
tuk Wira Azhar Abdul Hamid has
resigned as the interim CEO, but
his current role as chairman of
FGV remains unchanged.
The CEO position was left va-
cant after Datuk Zakaria Arshad
resigned on Sept 18 last year, fol-
lowing his suspension on Sept 13.
This came after the conclusion
of internal investigations into 10
critical issues that had resulted in
financial loss for the group and
its shareholders.
“As a listed company, FGV has
a responsibility to its shareholders
to create and deliver value. The
transformation plan that we have
in place today sets the direction
for the company, and our man-
agement team lead by Haris will
drive FGV forward. I have full
confidence in their ability to de-
liver results,” Azhar said in a filing
with Bursa Malaysia yesterday.
According to FGV, Haris has 28
years of experience in the corpo-
rate sector, especially in strategy
and change management. Most
recently, he was director of com-
mercial and land management
in Mass Rapid Transit Corp Sdn
Bhd (MRT Corp) and a key mem-
ber of the team that successfully
completed MRT Corp’s Phase 1.
“Prior to MRT Corp, Haris
worked in the plantation indus-
eurozone and the decline in oil
price,” he said.
UBS also expects an additional
hike in US Federal Reserve (Fed)
interest rates by 1% in September
2019. Although Teather does not
believe this hike has been priced
in by the market, he believes that
Asean currencies will not be sig-
nificantly affected by the hike by
year-end.
“We expect the ringgit to weak-
en not just because of the Fed rate
hike but because it’s a relatively
small and open economy, which
usually faces downward pressure
when trade data surprises on the
downside,” he said.
Meanwhile, the ringgit is ex-
pected to trade at 4.4 against the
US dollar in 2019, as poor trade
data has typically exerted down-
ward pressure on currencies for
open economies such as Malay-
sia, said Teather.
try in various leadership roles,
first with Golden Hope Planta-
tions Bhd as head of strategy and
business development, and sub-
sequently with Sime Darby Plan-
tation Bhd as head of its down-
stream operations.
“His years of experience in the
plantation industry and his ex-
pertise in change management
are crucial skillsets to drive FGV’s
transformation plan and to de-
liver on aggressive targets that
have been set by the board,” add-
ed FGV.
FGV also announced the ap-
pointments of Datuk Mohd Hairul
Abdul Hamid as group chief fi-
nancial officer (CFO) from Jan
2, Mazri Abdul Rahim chief hu-
man resources officer from Nov
19, 2018, and Dr Christina Ooi
Su Siang as chief procurement
officer effective Jan 15.
FGV said Mohd Hairul, an
accountant by training, and has
several years of experience in ef-
fective financial and tax manage-
ment having served most recently
as CFO in MRT Corp. Prior to that,
he was CFO of Sime Darby Bhd’s
energy and utilities division and
Sime Darby Plantation Bhd.
Mazri, meanwhile, has served
in the area of HR for various mul-
tinationals throughout his career,
which included postings in Eu-
rope and Asean. Ooi brings to
FGV, more than two decades of
procurement management expe-
rience, notably in procurement
transformation management,
another critical part of FGV’s re-
covery and transformation plan.
4 HOME BUSINESS
AirAsia seeks over RM400m in
counterclaims against MAHB
Suit relates to losses and damages it and AAX experienced — airline
KUALA LUMPUR: AirAsia Group
Bhd has launched a RM400 mil-
lion counter-suit against Malaysia
Airports Holdings Bhd (MAHB),
in response to a suit filed by the
airport operator last month over
outstanding airport taxes.
The budget airline said the
counterclaims are for losses and
damages it experienced, togeth-
er with its long-haul sister airline
AirAsia X Bhd (AAX), due to oper-
ational disruptions at klia2.
Among the disruptions, it said in
a statement yesterday, was a rup-
tured fuel line that impeded oper-
ations at Pier P for over a month at
klia2 last October and closures at
Runway 3 on numerous occasions
throughout the previous year.
It said it also incurred losses
due to additional aircraft towing
requirements, fuel costs, delays,
manpower needed, and flight can-
cellations, which resulted in loss
of revenue and taxiing costs.
MAHB had in December last
year sued the low-cost carrier and
AAX for a combined RM36.11 mil-
lion for unpaid airport taxes or
passenger service charges (PSC)
for international departures.
EDITOR’S PICKS FROM
theedgemarkets.com
IGB REIT 4Q
net profit
down 9.9%
BY SU P RI YA SU REND RA N
KUALA LUMPUR: IGB Real Estate
Investment Trust’s (IGB REIT) net
profit for the fourth quarter (4Q)
ended Dec 31, 2018 slipped 9.9% to
RM105.51 million, from RM117.13
million a year earlier, due to a lower
revaluation surplus on investment
properties.
It declared a distribution per unit
of 2.28 sen for the quarter, payable
on Feb 28 .
Fourth quarter gross revenue,
comprising gross rental income
and other income, grew by 2.1% to
RM137.21 million from RM134.35
million previously, thanks to higher
rental income.
Full-year revenue rose by 2.05%
to RM535.69 million from RM524.92
million in the previous year, on higher
rental income and lower property op-
erating expenses during the period.
In a filing with Bursa Malaysia
yesterday, IGB REIT said the short-
term outlook for the retail space
remains one of cautious optimism.
IGB REIT’s share price closed
up four sen (2.3%) yesterday to
RM1.78, for a market capitalisation
of RM6.2 billion.
The PSC is paid by departing
passengers and is collected by air-
lines during the purchase of tick-
ets. It is later passed on to MAHB
on completion of the flight.
While the PSC has been set at
RM73 per passenger beginning
Jan 1 last year for passengers flying
out of klia2 and the Kuala Lumpur
International Airport (KLIA), both
AirAsia and AAX have been col-
lecting RM50 per passenger. Nev-
ertheless, MAHB had demanded
that the two airlines pay up the
RM23 difference per passenger
from July 2018 onwards.
In their statement of defence,
both the airlines slammed MAHB
for being heavy-handed in filing
the suit, AirAsia’s statement yes-
terday read.
They have also applied to strike
out MAHB’s suit on grounds that it
is “misconceived and premature
as MAHB has not complied with
the statutory provisions for dispute
resolution within the Malaysian
Aviation Commission (Mavcom)
Act 2015 Act”.
According to AirAsia, provi-
sions of the Act state that both
MAHB and airline operators have
CIMB sells rest of stake in insurance broker for RM59.6m
BY CHESTER TAY
KUALA LUMPUR: CIMB Group
Holdings Bhd is selling its indirect
51% equity interest in insurance
broker CIMB Howden Insurance
Brokers Sdn Bhd to its partner HBG
Malaysia Sdn Bhd (Howden) for
RM59.6 million.
CIMB said the proposed divest-
ment is in line with the group's as-
pirations to further streamline and
focus on its core banking businesses.
In a filing with Bursa Malaysia
Two Inix independent directors resign ahead of EGM
BY JUSTIN LIM
KUALA LUMPUR: Inix Technologies
Holdings Bhd announced yesterday
the resignation of two independ-
ent and non-executive directors
Dr Wong Jeh Shyan and Norizam
Tukiman, citing to pursue personal
interests as reason.
In a filing with Bursa Malaysia
yesterday, Inix said Wong, 54, and
Norizam, 37, have quit their posts
effective Jan 22.
On Jan 8, Inix had received a req-
uisition from Kenanga Nominees
(Asing) Sdn Bhd, Cartaban Nom-
a statutory obligation to mediate
any disputes, and that legal action
may only be used as a last resort
when mediation efforts failed.
“AirAsia has always been pre-
pared to engage constructively with
MAHB and its subsidiaries, and it is
regrettable that MAHB has chosen
litigation for reasons best known to
them,” said AirAsia Bhd chief ex-
ecutive officer (CEO) Riad Asmat
and AAX CEO Benyamin Ismail.
“We maintain that the dispute
over airport taxes, which is at the
core of MAHB’s suit, is specifically
a matter subject to the Malaysian
Aviation Commission’s (Mavcom)
purview for mediation and dispute
resolution. MAHB is well aware
of this and prior to filing the suit,
had engaged AirAsia in both oral
discussions and written corre-
spondence. However, MAHB has
chosen to improperly circumvent
the Mavcom Act by filing the suit.
“We will continue to adhere to
the legislative provisions under the
Mavcom Act and seek our claim
through mediation. However, we
reserve the right to exhaust all ave-
nues in recovering losses and dam-
ages caused by MAHB’s failure to
yesterday, CIMB said its indirect
wholly-owned unit CIG Bhd has
entered into a share purchase agree-
ment with Hong Kong’s HBG Asia
Holdings Ltd and Howden to divest
510,000 shares, or a 51% stake, in
CIMB Howden to Howden.
Approval from Bank Negara Ma-
laysia in relation to the proposed
divestment was received by How-
den on Nov 27, 2018, it added.
Upon completion of the pro-
posed divestment, CIMB Howden
will cease to be an associate of CIG.
inees (Asing) Sdn Bhd and Wai Ai
Loo, who hold a combined 11.21%
of the company’s shares, seeking to
convene an extraordinary general
meeting (EGM) on Feb 13 to remove
three directors, and appoint three
others as directors.
Wong and Norizam were named
as two of the three directors whom
the three shareholders want to
remove.
The third is Dr Azman Hussin,
who is currently the chief execu-
tive officer and executive director
of Inix.
In their places, they are pro-
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
carry out their duties as aviation
service providers. We have repeat-
edly communicated these and oth-
er issues to MAHB but nothing has
been done,” the two CEOs said.
They also reiterated that travel-
lers flying out of klia2 should not
be made to pay the same airport
tax as those departing from KLIA
because the former provides “in-
ferior services”.
MAHB has also done a poor job
of maintaining klia2, they said, citing
the recent discovery of maggots and
rats at the terminal as an example.
“MAHB does not provide the
same level of service at klia2,
where AirAsia operates from, com-
pared to KLIA which is a terminal
for full-service carriers. It is for this
reason that we have refused to col-
lect the higher airport tax imposed
by MAHB on non-Asean interna-
tional passengers departing from
klia2,” the two CEOs added.
The airline group further main-
tained that MAHB has to charge
the higher airport taxes because
it is seeking to recover from the
travelling public the cost overruns
it suffered after it failed to manage
costs in the construction of klia2.
“The proposed divestment does
not have any material effect on
CIMB’s consolidated net assets
and earnings, and does not have
any effect on CIMB’s share capi-
tal and substantial shareholders’
shareholdings for the financial year
ended Dec 31, 2018,” said the group.
On Jan 7, 2015, CIMB had dis-
posed of 490,000 shares, or a 49%
stake, in CIMB Howden, then
known as CIMB Insurance Brokers
Sdn Bhd, to HBG Asia for RM33.32
million cash.
posing to appoint Datuk Zhang
Li, Lee Yueh Shien and Edwin Sil-
vester Das.
Zhang Li was formerly execu-
tive director of Inix from March
7, 2018 to Dec 31, 2018, while Lee
had a brief tenure as independent
non-executive director between
Sept 18, 2018 and Dec 31, 2018.
The three shareholders also
proposed any persons who have
been appointed by the board of
directors as director from the date
of the notice of the EGM until the
holding of the EGM, including any
adjournment, be removed.
Mesiniaga Bhd
Vol (mil) RM
2 1.8
RM1.75
1.5
1
1.6
1.4
1.2
0.5
1.0
0 0.8
Jan 24, 2018 Jan 23, 2019
Mesiniaga
adds
RM25m to
market value
in two days
BY A H MA D N AQ IB ID R IS
KUALA LUMPUR: Mesiniaga
Bhd’s shares soared again yes-
terday, bringing its market val-
ue gain to RM25 million in just
two days as investors continued
to react positively to its RM1.9
billion contract with Xiddig Cel-
lular Communications Sdn Bhd
for the EM-IIG (Enhanced Ma-
laysia International Internet
Gateway) project.
The shares rose 25 sen, or
16.67%, to RM1.75 yesterday,
bringing a market capitalisation
of RM105.7 million, after trading
to as high as RM1.93 during the
day. It hit limit-up on Tuesday
to RM1.50 — the highest since
February 2015.
A total of 1.6 million shares
crossed hands yesterday, signifi-
cantly higher than its 200-day av-
erage trading volume of 13,842.5
shares.
The excitement in its shares
has shifted the sentiment on the
information technology services
provider, which had been seeing
sideway movements since August
2016. Prior to that, its share price
saw a two-year downtrend and
touched a seven-year low of 76.3
sen on Aug 2, 2016.
On Jan 18, the company an-
nounced that it had accepted a
letter of award from Xiddig for the
commissioning of the core, metro
distribution and access network
with related support systems for
the EM-IIG project.
It is worth noting that the
RM1.9 billion contract value is
almost 18 times the size of Me-
siniaga’s market capitalisation
and is likely to be one of the
largest single contracts, if not
the largest, that the company
has secured since its listing in
November 1999.
The award followed another
RM27.4 million contract from
Xiddig, which was secured in
December last year for the de-
livery of laboratory equipment
and site readiness preparation
for the EM-IIG project service
testing and verification.
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
F&N: Raising prices
will be our last resort
The group will explore measures like portion control packs — CEO
BY S UPR I YA SU REND RA N
& S AM U E L L I M
KUALA LUMPUR: Fraser & Neave
Holdings Bhd (F&N), which will soon
have to contend with new excise
duty for sugar sweetened beverages
or soda tax, says raising prices of its
products to mitigate the new tax’s
impact will be the group’s last resort.
Instead, the group will look at
using portion control packs to cut
total sugar per serving, recipes with
lower sugar, and transforming its
portfolio of products first, accord-
ing to F&N chief executive officer
(CEO) Lim Yew Hoe.
The group is investing RM30
million in its Shah Alam beverage
plant this year to ramp up capabil-
ity in new product offerings and
packaging formats.
“We are taking the challenge
thrown to us by the government to
improve the health [of consumers]
by lowering the population’s sugar
consumption,” he told reporters
after the group’s annual general
meeting yesterday.
However, due to some formula-
tion changes to its products, which
will come with new costs, any price
increase — or not — will depend on
the reformulation’s costs, said Lim.
This is because sugar replacements
come with different characteristics
and properties, and therefore costs.
“When we take out sugar, we
need to replace it with something
else, [which will] have different
costs. We choose ingredients that
give us the same taste profile we
want. If we cannot absorb these
costs, we will increase the price.
However, at this moment, it is too
early to say. [Nevertheless,] in-
creasing prices for consumers will
Tengku Adnan maintains not guilty plea to accepting RM2m in bribes
KUALA LUMPUR: Former federal
territories minister Datuk Seri Teng-
ku Adnan Tengku Mansor yesterday
maintained his not guilty plea on
charges of accepting a RM2 million
bribe from a businessman in 2016.
He reiterated his stand after the
charge was read out again when the
case came up for mention for the
first time before High Court judge
Mohamed Zaini Mazlan after its
transfer from the Sessions Court.
The High Court on Dec 14 last
year allowed the defence applica-
tion to transfer the case from the
Sessions Court to the High Court
under Section 417 of the Criminal
Procedure Code.
The court set six days — July 2, 3,
4, 9, 10 and 11 — to hear the case.
Judge Mohamed Zaini then
allowed Tengku Adnan bail of
RM500,000 in one surety and fixed
Feb 28 for mention.
be the last resort,” he added.
Last November, F&N said about
90% of its products would be subject
to the new soda tax. By reformulating
its products to reduce sugar content
and with portion control packs, the
company hopes to halve the num-
ber of products exposed to the tax.
“We will prioritise according to
the importance of the products to
the company, which means a large
portion of our products will be be-
low the 5% [threshold]. For example,
100Plus and F&N [beverages] make
up a large contribution to the group,
[so] we will need to reformulate.
“The fact that we have 100Plus
Reduced Sugar with only 4g per
100ml sugar means that achieving
below 5g per 100ml threshold is
within our innovation range. We
will take this as an opportunity to
fast-track our product innovation
in this area,” said Lim.
The reformulation costs versus
the cost of the soda tax will also be
analysed, he added.
Meanwhile, lawyer Datuk Tan
Hock Chuan, representing Tengku
Adnan, 68, said he would submit an
official application for temporary
release of his client’s impounded
passport by offering a higher bail.
The prosecution, conducted by
deputy public prosecutor Julia Ibra-
him, did not object to the defence’s
application for the passport also
informed the court that the case
would be heard jointly with anoth-
er corruption case involving the
Putrajaya member of parliament.
Tengku Adnan, as a public serv-
ant then, namely, federal territories
minister, had accepted for himself
something valuable with no rec-
iprocity, RM2 million from Chai
Kin Kong via a Hong Leong Islamic
Bank cheque belonging to Syarikat
Aset Kayamas Sdn Bhd, which had
been deposited into the CIMB Bank
account of Tadmansori Holding Sdn
Lim: Taste will not be
compromised. Photo
by Sam Fong
“For example, if after reformu-
lation the recipe cost is RM1 more
per litre, then consumers will pre-
fer the old recipe and pay the 40
sen soda tax. So it depends on the
recipe costing versus the soda tax
— which one makes more sense.”
However, Lim said taste will not
be compromised. “Until we get the
right recipes, we will not change
our products.”
Starting April 1 this year, Malaysia
will impose a tax of 40 sen per litre on
non-alcoholic beverages containing
added sugar over 5g per 100ml; and
on fruit or vegetable juice with added
sugar of over 12g per 100ml.
Meanwhile, F&N announced
yesterday it will be investing RM15
million in a production line for its
dairy manufacturing plant on Pu-
lau Indah, Selangor to enhance its
export capability.
Yesterday, F&N shares closed
down six sen, or 0.18%, to RM34.10,
with a market capitalisation of
RM12.5 billion.
Bhd in which he had an interest,
when it was known that Syarikat
Aset Kayamas had connections
with his official duties.
He was charged with committing
the offence at the CIMB Bank, Pusat
Bandar Damansara branch here on
June 14, 2016, under Section 165 of
the Penal Code, which provides a
jail term of up to two years or fine,
or both, if found guilty.
Tengku Adnan also pleaded not
guilty to a charge of accepting a bribe
and an alternative charge of accept-
ing a bribe of RM1 million from Tan
Eng Boon via a Public Bank cheque
belonging to Syarikat Pekan Nenas
Industries Sdn Bhd, which had been
deposited into a CIMB Bank account
belonging to him.
It was allegedly for approval of an
application by a company to raise
development related ratio in Jalan
Semarak, Kuala Lumpur in 2013.
HOME BUSINESS 5
Salary threshold for
expats may be raised
to protect locals
BY SYAHIRAH SYED JAAFAR
PETALING JAYA: The govern-
ment is considering raising the
salary threshold for foreign pro-
fessionals or expatriates working
in Malaysia to beyond RM5,000
to ensure there are more jobs
reserved for locals.
Human Resources Minister
M Kula Segaran (pic) said an
independent committee will
be set up to review the current
RM3,000 threshold for Category
III foreign skilled labour.
The ministry feels that jobs
under Category III, offering
monthly salaries of between
RM3,000 and RM4,999, should
only be filled by Malaysians.
“This is to ensure that we
give more chances to Malaysian
fresh graduates to attain jobs,”
he told reporters yesterday af-
ter a work visit to TalentCorp
Malaysia’s office.
He noted that currently only
about 5% of foreign workers in
the country take up jobs in the
RM3,000 to RM4,999 pay cate-
gory, and that the number has
been declining over the past year.
This is also in tandem with strict-
er hiring conditions for foreign
workers imposed by the home
ministry.y
“We will be forming a com-
mittee to address this [issue]
and
nd seek the coopera-
tion
on of various stake-
holders,
olders,” said Kula
Segaran,
egaran, adding
that
hat the ministry
hopes
opes to make a
decision
ecision on the
matter this year.
PATRICK GOH
The case will come up for men-
tion before High Court judge Mohd
Nazlan Mohd Ghazali.
The deed was made as a reward
for himself because he had per-
formed something real, namely, ap-
proving the application of Nucleus
Properties Sdn Bhd (now known
as Paragon City Development Sdn
Bhd) to raise the ration of plot relat-
ed with the development of Lot 228,
Jalan Semarak, here.
Tengku Adnan was charged with
perpetrating the deed at the CIMB
Bank, Putra World Trade Centre
Branch, Level 2, Podium Block,
Putra World Trade Centre, Jalan
Tun Ismail here on Dec 27, 2013
under paragraph 16(a)(A) of the
Malaysian Anti-Corruption Com-
mission Act 2009 (MACC), pun-
ishable under sub-section 24(1)
of the same act.
He could be jailed not more than
On efforts to address the
shortage of skilled labour in
the country, the minister said
Putrajaya is continuing to work
on attracting professional Ma-
laysians living abroad to return
home to work.
“Malaysians usually go abroad
for work due to higher pay and
better job prospects. So we have
to work on improving the job
prospects here,” he said.
Kula Segaran added that since
the new Pakatan Harapan gov-
ernment took office, there has
been a 20% increase in the Re-
turning Expert Programme (REP)
applications.
The REP is an initiative by Tal-
entCorp which facilitates the re-
turn of Malaysian professionals
from abroad to address the issue
of a shortage of professional and
technical experts in the country.
Some 480 professional Ma-
laysians returned home to work
last year. This year TalentCorp is
setting a target of 1,000 profes-
sionals to return home.
Kula Segaran added that there
are currently about one million
Malaysians working abroad.
On the increasing number of
reports of job cuts in the coun-
try, he said the number is not
alarming, and this is mainly due
to seasonal changes.
“Any job cut is definitely our
concern. But now that we have the
Employment Insurance System,
it will help to protect those re-
trenched, though the numbers
do not seem to be alarming.
They [the numbers] are very
cyclical or seasonal. What’s
important to note is that our
unemployment rate is still hov-
ering around 3.4%,
and this is consid-
ered acceptable,”
he said.
20 years and fined not less than five
times the amount or value of the
bribe, which is the subject of the
offence if the bribe could be valued
or in monetary terms, or RM10,000,
whichever is higher, if found guilty.
Tengku Adnan was also charged
with an alternative charge, name-
ly, in the same place and date, as a
minister of federal territories, had
received for himself a valuable item
without reciprocity, namely, RM1
million from Tan via a Public Bank
cheque belonging to Pekan Nenas
Industries Sdn Bhd which had been
deposited into his CIMB account,
when it was known that Tan, as a
director in Syarikat Nucleus Prop-
erties, had connection with his of-
ficial duties.
The charge under Section 165 of
the Penal Code provides a jail term
of up to two years or with fine, or
both, if found guilty. — Bernama
6 HOME BUSINESS
Timber exports likely to dip 4% in 2018
However recovery is seen in 2019 — MTIB
BY TAN XU E Y I N G
KUALA LUMPUR: The Malaysian
Timber Industry Board (MTIB) ex-
pects the value of timber and timber
product exports in 2018 to dip 4%
to RM22.3 billion — missing the
National Timber Industry Policy
(Natip) target of RM23 billion —
before picking up again this year.
MTIB deputy director-general
Norchahaya Hashim said the pro-
jected drop in exports, from RM23.21
billion in 2017, is due to a cocktail
of negative factors that affected de-
mand from Malaysia’s key markets.
They included the global eco-
nomic slowdown, US-China trade
tensions, the US economic sanc-
tions on key medium-density fi-
breboard importer Iran, political
instability in the Middle East, as
well as changes in the domestic
construction growth.
Bank Rakyat MD leaving
in April, successor sought
PUTRAJAYA: Bank Rakyat president
and managing director Datuk Zu-
lkiflee Abbas will end his services
on April 2 this year, as well as other
positions he has held since joining
the bank on April 3, 2017.
Following this, the entrepreneur
development ministry is looking
at the process of appointing a new
president/managing director for
the bank with the party involved,
including Bank Negara, the minis-
try said in a statement yesterday.
“The development shows a pos-
itive direction for Bank Rakyat, in
line with its commitment in foster-
ing transparency in its operations,
in accordance with current regu-
latory compliance and global best
practices in the banking industry,”
said the ministry.
Meanwhile, Zulkiflee said Bank
MCT top brass resign,
gets two new directors
BY WO N G EE L I N
KUALA LUMPUR: Property devel-
oper MCT Bhd has announced a
slew of boardroom changes, includ-
ing its chief executive officer (CEO)
Jose Juan Z Jugo who resigned from
his position.
In a filing with Bursa Malaysia yes-
terday, MCT said Jugo, 46, stepped
down to pursue his other personal
interest.
The Philippine national, who is
also a non-executive director of MCT,
took over the helm on March 15, 2017
from the group’s founder, Datuk Seri
Tong Seech Wi. Tong had ceased to
be a major shareholder following the
disposal of his entire shareholding in
Norchahaya added that the
strengthening of the ringgit against
the greenback also contributed to
the decline in export value, as dec-
larations are still denominated in
the ringgit although trading is done
in US dollars.
Norchahaya was speaking to
reporters yesterday after present-
ing MTIB’s review and outlook for
the 2018 and 2019 timber market,
at an industry event co-organised
by Bursa Malaysia and Maybank
Investment Bank yesterday.
She said: “For 2018, we antici-
pate the performance [of exports]
to be lower than the Natip target.
[That of] 2019 will be slightly lower
as well, but we anticipate that it will
increase [year-on-year] from 2018
to 2019, and from 2019 to 2020.”
This is as Malaysia continues
to adopt a two-pronged strategy,
which includes capitalising on ex-
Rakyat had diversified its products
for all levels of consumers.
“Since two years ago, we have
successfully diversified our prod-
ucts, which not only focused on
personal loans solely but also of-
fers retail financing products such
as housing, education and vehicle,
as well as loans for small and me-
dium enterprises,” he said.
He also expressed his gratitude
to the ministry, board of directors
and all stakeholders who had given
their support in implementing the
transformation strategy.
On Dec 6 last year, Entrepreneur
Development Minister Datuk Seri
Mohd Redzuan Yusof announced
the appointment of former advis-
er of CIMB Islamic Datuk Noripah
Kamso as the new Bank Rakyat
chairman. — Bernama
the group in February 2018.
Separately, MCT’s chief financial
officer (CFO) Maria Rochelle S Diaz,
38, also resigned from her position,
citing the pursuit of personal interest
as a reason.
The group is diligently exploring
the appointment of new candidates
to fill both positions, it said in the
respective filings.
Meanwhile, MCT announced the
appointments of Ma Luisa Dioquino
Chiong and Apollo Bello Tanco as
non-independent and non-execu-
tive directors.
Both of them are part of the Phil-
ippines' Ayala Land Inc, which first
invested in MCT in 2015 and now
owns a 66.3% stake in the group.
isting free-trade agreements, as
well as market diversification into
India and other Oceania countries
such as New Zealand, in order to
boost market demand for Malay-
sian timber.
“Timber has been exported to our
traditional markets such as Europe,
the US and [the] Middle East, but we
have to look for new emerging mar-
kets. It will be risky for us to depend
on only certain markets.
“We are also working with the
ministry of international trade
and Alibaba.com so that Malay-
sian timber is available to e-trading
platforms. We will be carrying out
roadshows to encourage this, and
this will help benefit mainly the
furniture industry players,” said
Norchahaya.
In addressing the issue of an in-
adequate supply of raw materials,
she said there are ongoing efforts to
Sunway, Hoi Hup secure Singapore land
at RM1.32b for condominium project
BY ADAM AZ I Z
KUALA LUMPUR: Sunway Bhd, in
a joint venture with Singapore’s Hoi
Hup Realty Pte Ltd, has secured a
2.5-hectare piece of land in Tamp-
ines, Singapore for S$434.45 million
(RM1.32 billion) for the develop-
ment of executive condominiums.
In a filing with Bursa Malaysia
yesterday, Sunway said the Housing
and Development Board of Singa-
pore had on Tuesday awarded the
land parcel at Tampines Avenue
10 for a 99-year lease term to Sun-
Axis REIT targets acquisition value of RM200m in 2019
KUALA LUMPUR: Axis Real Es-
tate Investment Trust (REIT)
Managers Bhd is planning to con-
tinue aggressively source and
evaluate potential properties to
achieve RM200 million worth of
asset acquisition target in 2019.
Chief executive officer/execu-
tive director Leong Kit May said
the focused properties would
be mainly in logistics and man-
ufacturing with long leases from
tenants and strong convenants.
She said this would be fol-
lowed by well-located retail ware-
housing for last-mile distribution
and office, business parks and
industrial properties with po-
tential for future enhancement.
“The industrial sector contin-
ues to remain positive, driven by
demand for warehousing and
manufacturing space.
“We are currently in talks with
prospective tenants on the devel-
opment of Phase Two of the Axis
Mega Distribution Centre with
approximately 500,000 square
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
push for the use of alternative raw
materials such as oil palm trunks,
besides the board’s continued com-
mitment to the Forest Plantation
Programme (FPP).
She highlighted that the current
utilisation of alternative sources for
raw materials remains “very low”
at only about 10% against timber
in natural forests, as there are still
technological and environmen-
tal factors to overcome, she said,
adding that the government has
formed focus groups to study and
resolve the issue.
And under the FPP, which is
RM1.045 billion-funded by the gov-
ernment, about 85% or 114,000ha
have been planted with trees since
1997, and is on track to meet total
forest plantations of 375,000ha by
2020. One hectare consists of some
600 trees, mostly rubberwood, said
Norchahaya.
way’s indirect wholly-owned sub-
sidiary Sunway Developments Pte
Ltd (SDPL) in Singapore and Hoi
Hup following a successful tender
for the land jointly submitted by
the two parties.
The letter of award was received
by Sunway yesterday.
Sunway said the land will be ac-
quired by a proposed new joint ven-
ture (JV) company to be incorpo-
rated, in which Hoi Hup and SDPL
will have an equity interest in the
proportion of 65:35. SDPL’s cost of
investment in the JV is S$65 million.
THE EDGE FILE PHOTO
Leong: The industrial sector continues
to remain positive, driven by demand for
warehousing and manufacturing space
feet (sq ft) of space,” she told re-
porters after a briefing on the
company’s fourth quarter finan-
cial year results ended Dec 31,
2018, here yesterday.
She said the company is now
Between January and November
last year, Malaysian timber exports
totalled RM20.45 billion. Of this,
RM11.07 billion (54.1%) were com-
modity and RM9.37 billion (45.9%)
were value-added products.
Imports, meanwhile, stood at
RM4.83 billion during the same
period, of which RM2.68 billion
were raw materials and RM2.15 bil-
lion were value-added or finished
products such as furniture, mainly
from China due to the competitive
pricing there.
This figure could rise to RM5
billion, from RM4.83 billion in Jan-
uary-November 2018, as industry
players were encouraged also to
import raw materials to help reduce
over-reliance on natural forests.
The Natip has targeted Malay-
sia’s exports of timber and timber
products to reach RM25 billion
by 2020.
“The proposed JV company will
undertake the development of the
executive condominium on the
land,” it added.
SDPL is a wholly-owned subsid-
iary of Sunway Holdings Sdn Bhd
which in turn is a wholly-owned
unit of Sunway.
“The completion period of the
proposed project will be 60 months
or earlier, commencing from Jan 22.
It is expected to contribute posi-
tively to the earnings of Sunway
Group in the financial year 2023,”
said Sunway.
targeting to complete the acqui-
sition of 90.17 sq ft leasehold
manufacturing facility in Bayan
Lepas, Penang by the second of
quarter of 2019.
For the financial year 2018,
Axis REIT’s net profit rose to
RM154.98 million from RM122.56
million in 2017, while revenue in-
creased to RM204.36 million from
RM168.75 million previously.
Leong said the better perfor-
mance was enhanced by the in-
jection of the completed develop-
ment project for Nestle Products
Sdn Bhd at Axis Mega Distribu-
tion Centre Phase One, as well
as income generated from new
acquisitions and improvement
in the occupancy rate.
“As at Dec 31, 2018, the occu-
pancy rate of Axis REIT’s port-
folio improved 3% to 94% with
stable weighted average lease
expire period of more than five
years (based on rental), while
tenant retention rate was at 74%.
— Bernama
8 HOME BUSINESS
Alleged 1MDB conspirator
says he is a scapegoat
Khadem Al Qubaisi also claims UAE is forcing him to turn over his assets — WSJ
BY C H E STER TAY
KUALA LUMPUR: Khadem Al
Qubaisi, who has been detained
in Abu Dhabi since 2016, claims
that he is being made a “scape-
goat” for the United Arab Emir-
ates’ (UAE) role in the 1Malay-
sia Development Bhd (1MDB)
scandal, according to The Wall
Street Journal.
Emirati authorities, he
claimed, are also trying to force
him to turn over his assets, WSJ
reported yesterday, citing con-
tents from two five-minute phone
calls with Khadem, a former top
aide to the powerful Sheikh Man-
sour Zayed Al Nahyan, the Unit-
ed Arab Emirates’ deputy prime
minister and a member of the
royal family.
Khadem was reportedly
speaking to the newspaper from
the Al Wathba prison in Abu Dha-
bi, where he has been held after
Abu Dhabi authorities arrested
him following accusations from
the US Justice Department that
he, together with several others,
had stolen billions of dollars from
1MDB. He hasn’t been charged
for any crime in either the US
or UAE.
“I did this deal but I did it on
behalf of the government of Abu
Dhabi,” he was quoted as saying,
though he did not address any
specific allegations against him.
“Now they are putting everything
on my back,” he said.
He pointed to Sheikh Man-
sour and Abu Dhabi authorities
as the ones who wanted to pin
the blame on him.
RAM cuts 2019 inflation
to 2% on lower fuel prices seen
BY G I G I CHUA
KUALA LUMPUR: RAM Rating Ser-
vices Bhd has cut its projection for
2019 headline inflation to 2% from
the initial 2.7% due to changing
expectations on global oil pric-
es, which it said are increasingly
pointing to a lower average range
of US$60-65 per barrel this year.
“Our sensitivity analysis indi-
cates that for every US$5 (RM20.70)
per barrel move in the price of Brent
crude, headline inflation potentially
changes 0.3 percentage points,” it
said in a statement yesterday.
The rating agency also said the
government’s move back to the
weekly Automated Pricing Mech-
anism (APM) for pump prices ef-
Khadem said he had acted with
the knowledge of more-senior UAE
officials when he led International
Petroleum Investment Co (IPIC)
to become a key business partner
of 1MDB, including guaranteeing
US$3.5 billion in 1MDB bonds.
Sheikh Mansour was chairman
of IPIC when Khadem agreed to
support 1MDB.
According to civil complaints
filed by the US Department of Jus-
tice (DoJ), Khadem allegedly re-
ceived US$471 million of stolen
funds into his private account in
Luxembourg and used some of it
to buy US real estate. He helped
funnel 1MDB money to conspira-
tors through companies set up to
look like IPIC’s subsidiaries, US
authorities said.
After Khadem’s arrest, IPIC was
folded into another UAE fund, where
Sheikh Mansour is a board mem-
ber. Incidentally, Sheikh Mansour
is also chairman of the Abu Dhabi
Judicial Department, a position that,
according to WSJ, oversees all crim-
inal cases in the emirate.
Once one of the Middle East’s
high-flying businessman who
helped negotiate the bailout of
Barclays Bank in 2008 and a mul-
ti-billion-dollar investment into
Daimler AG on behalf of Sheikh
Mansour, Khadem now said the
Abu Dhabi authorities are pressing
him to turn over his assets to a pri-
vate company called Das Holding,
which is owned by Sheikh Mansour.
“If I did something wrong for this
Malaysia deal, ok, they can go and
take my assets, no problem. Why
is a private company trying to take
control of my assets,” he questioned.
An escalation in oil
prices beyond RM2.20
per litre will trigger
the use of subsidies to
maintain this ceiling.
fective January 2019 is not expected
to exert any significant downward
pressure on inflation.
This is due to the short period it
will be in place ahead of the antic-
ipated targeted fuel subsidy mech-
anism to be implemented in the
second quarter of 2019, it said.
Global oil prices are also expect-
Since his arrest, Khadem said
he had not been interrogated by
any law enforcement body about
1MDB deals. WSJ also noted that
although Khadem is wanted for
questioning in several other coun-
tries for allegedly pilfering money
from 1MDB and committing other
financial crimes, Abu Dhabi au-
thorities have not agreed to let him
testify elsewhere.
Instead, Khadem said UAE of-
ficers have been pressuring him
to transfer his assets, including
land and villas in the UAE, to Das
Holding. Khadem claimed two of
his nephews who had power of at-
torney over some of his assets had
also been detained until they signed
over US$40 million in luxury cars
and land to Das Holding.
The two nephews did not re-
spond to WSJ’s requests for com-
ments, and neither did represent-
atives for Sheikh Mansour and Das
Holding. The Abu Dhabi govern-
ment declined to comment.
WSJ also reported, citing sourc-
es, that soon after the phone calls,
an intermediary in Abu Dhabi who
set up the calls was detained and
questioned by Abu Dhabi security
services.
Meanwhile, an Abu Dhabi-based
lawyer involved in Khadem’s case
said the latter “abused and exceed-
ed his authority” at Abu Dhabi sov-
ereign funds “to achieve personal
and illegal gains.”
“Now he is more concerned
about keeping his illegal wealth
than doing the right thing by ad-
mitting his guilt and returning
the proceeds he obtained from
his criminal activities,” the lawyer
ed to trend a little higher compared
to the start of the year, it added.
“An escalation in oil prices be-
yond RM2.20 per litre will trigger
the use of subsidies to maintain
this ceiling. This will also contain
inflationary pressure,” RAM head
of research Kristina Fong said.
Last year’s inflation is estimat-
ed to have inched up to 0.3% in
December from 0.2% in Novem-
ber amid dissipating deflationary
pressures from the transport fuel
component.
“The price of RON95 petrol fell
3.3% year-on-year the same month,
following a 4.5% drop in Novem-
ber. As such, overall inflation is en-
visaged to come in at 1% in 2018,”
RAM added.
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
told the newspaper.
Khadem, who recounted in the
article that he was handcuffed to
a window in a corridor and left
for 24 hours earlier this month,
said his plan is to “die here in this
place or to get out.” The lawyer
dismissed Khadem’s description
of his prison conditions and treat-
ment as inaccurate.
The article also highlighted
that a half-billion dollar yacht
called the Topaz that was large-
ly bought with 1MDB funds has
not been targeted by authorities
so far.
The newspaper said, citing fi-
nancial documents it reviewed,
that Khadem directed compa-
nies he controlled to spend about
US$132 million originating from
1MDB for debt payments on the
yacht between 2012 and 2015.
Sheikh Mansour reportedly used
and had control of the Topaz — a
482-foot yacht with eight floors,
a swimming pool, cinema and
two helicopter pads — until at
least 2015.
Fugitive businessman Low
Taek Jho, or Jho Low, was said
to have leased it on several oc-
casions, including to attend
the 2014 FIFA World Cup with
celebrities like Leonardo Di-
Caprio.
While WSJ wrote that the
yacht’s current ownership could
not be determined, it found that
the remaining €271 million of an
original €464.3 million loan to
buy the boat was fully paid off
last April, based on registry fil-
ings. But the documents has no
mention of who paid for it.
Globaltec unit NuEnergy ups
participating interest in Muralim PSC
BY G I G I C H UA
KUALA LUMPUR: Globaltec For-
mation Bhd’s Australia-listed
subsidiary NuEnergy Gas Ltd
said yesterday it is increasing
its participating interest (PI) in
the Muralim production sharing
contract (PSC) by entering into
a withdrawal and assignment
agreement with PT Medco CBM
Pendopo.
In a statement, NuEnergy said
it is the operator of the Mural-
im PSC, where it holds a 50%
PI while Medco holds the oth-
er 50%.
“Agreement has been reached
to transfer the 50% PI to NuEn-
ergy subject to government ap-
proval. Under the agreement,
Medco will immediately assign
all its rights, obligations and lia-
Perodua eyes 4%
rise in annual
sales after
record 2018
BY E MIR Z A IN UL
KUALA LUMPUR: Perusahaan
Otomobil Kedua Sdn Bhd (Pero-
dua) wants to score another year
of record sales in 2019 — with a 4%
increase in sales to 231,000 units
— after it achieved its best annual
sales tally of 227,243 units last year.
Perodua president and chief
executive officer Datuk Zainal Abi-
din Ahmad said the improvement
will be driven by the Myvi and the
newly introduced Aruz.
“Perodua’s aim to boost its
sales by 4% this year will not only
strengthen the brand but offer
some relief to the Malaysian car
industry, which is forecast to grow
very minimally this year,” he said
during the company’s Chinese
New Year luncheon with the me-
dia yesterday.
The Malaysian Automotive As-
sociation has forecast that the total
industry volume will only grow
0.21% this year to 600,000 units
from 598,714 units in 2018.
“For Perodua, the Myvi is ex-
pected to remain popular this year,
and since we started order-taking
for the Aruz on Jan 3, we have col-
lected nearly 5,700 bookings to
date. Given that our sales target [for
the Aruz] is 2,500 units monthly,
the figure is very encouraging in-
deed,” Zainal added.
Perodua also expects to increase
its component purchases by 20%
from RM5 billion last year to RM6
billion this year. This, Perodua said,
is in line with the demand expect-
ed in 2019 and will directly benefit
local automotive suppliers.
Last year, the Myvi was Per-
odua’s best-selling model, with
82,122 registered out of 117,844
booked in that year alone. Mean-
while, the Axia, Bezza, and Alza
are still at the top of their respec-
tive segments with 70,821, 49,911,
and 24,389 units sold, respectively,
in 2018. “We thank all Malaysians
for their strong support over the
years,” Zainal added.
bilities under the PSC and joint
operating agreement relating to
its withdrawing PI that will be
transferred to NuEnergy.
“The withdrawal and assign-
ment is at no cost to Medco and
NuEnergy apart from Medco’s
obligation under the PSC and
JOA to settle all its outstanding
due and unpaid cash calls to
meet its expenditure obligation,”
NuEnergy said.
At Bursa Malaysia, Globaltec
said trading in its securities was
halted between 9am and 10am
today in conjunction with NuEn-
ergy’s announcement.
Globaltec shares closed half
a sen lower at 51 sen yesterday,
giving it a market capitalisation
of RM137.23 million. Over the
past year, the stock has retreat-
ed near 54%.
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Evergrande sells US$3b in bonds
Order book for the Chinese developer’s latest sale peaked at US$4 billion — banker
BY J UL I A F I ORETTI
HONG KONG: China Evergrande
Group, one of China’s most indebted
property developers, sold US$3 bil-
lion (RM12.42 billion) in dollar bonds
yesterday in Asia’s biggest offshore
high-yield bond sale so far this year.
Evergrande is China’s sec-
ond-largest property developer by
sales and has been under pressure
to raise funds to cut its large debt
pile, which stood at 671.1 billion
yuan as of June 2018, according to
CreditSights.
The sale was a reopening of
US home sales hit three-year low, prices rise slowly
BY LUC I A M U TI K A N I
WASHINGTON: US home sales
tumbled to their lowest level in
three years in December and house
price increases slowed sharply, sug-
gesting a further loss of momentum
in the housing market.
The weak report from the Na-
tional Association of Realtors (NAR)
on Tuesday was the latest indication
of slowing economic growth. A sur-
vey last Friday showed consumer
sentiment dropped in January to
its lowest level since US President
Donald Trump was elected more
than two years ago.
Existing home sales were the
weakest since Trump was elected,
said MUFG chief economist Chris
Rupkey, “signalling the initial con-
fidence boost from the new ideas
and new legislation is falling flat”.
The NAR said existing home
sales declined 6.4% to a seasonal-
ly adjusted annual rate of 4.99 mil-
lion units last month. That was the
lowest level since November 2015.
Economists polled by Reuters
US$2.1 billion in existing bonds.
The company sold an additional
US$1.1 billion in bonds maturing in
2020, US$875 million in bonds ma-
turing in 2021 and US$1.025 billion
in notes due in 2022, according to
a term sheet seen by Reuters.
The yields on the new bonds
were a lot higher as the bonds were
sold below par. The 2020 bonds
have a yield of 8.25%, an increase
of 125 basis points (bps), the 2021
bonds a yield of 9.5%, an increase of
325bps, and the 2022 bonds a yield
of 10.5%, an increase of 225bps, the
term sheet showed.
had forecast existing home sales
falling 1% to a rate of 5.25 million
units in December. Existing home
sales, which make up about 90%
of US home sales, plunged 10.3%
from a year ago.
For all of 2018, sales fell 3.1%
to 5.34 million units, the weakest
since 2015.
The housing market has been
stymied by higher mortgage rates as
well as land and labour shortages,
which have led to tight inventory
and more expensive homes.
Broad weakness
A survey last week showed a rebound
in homebuilders’ confidence in Janu-
ary amid hope that the moderation in
mortgage rates “will help the housing
market continue to grow at a modest
clip as we enter the new year”.
A month-long partial shutdown
of the federal government, which
has delayed data from the Depart-
ment of Commerce is, however,
obscuring the economic picture.
Data released before the shut-
down had pointed to persistent
China’s property developers have
been very active in the bond mar-
kets in the past few weeks, seeking
to take advantage of better market
conditions just as they face almost
US$100 billion in maturing debt,
both onshore and offshore, this year.
Based on Refinitiv data, the Ev-
ergrande sale would bring the total
raised in dollar bonds by proper-
ty developers to US$7.2 billion so
far this year, compared with the
US$18.8 billion in offshore bonds
they sold last year.
Investors shied away from
junk-rated debt last year as a steep
A home being put up for sale in Chicago, Illinois, the US. The NAR said existing home
sales declined 6.4% to a seasonally adjusted annual rate of 4.99 million units last
month. Photo by AFP
weakness in the housing market,
with economists estimating that
housing would again be a drag on
gross domestic product (GDP) in
the fourth quarter. Residential con-
struction has subtracted from GDP
growth since the first quarter of 2018.
Economists estimate that the im-
passe over the border wall was cut-
ting off at least two-tenths of a per-
sell-off in markets made deals hard
to complete and forced some com-
panies to offer to pay double-digit
yields for two-year paper.
Evergrande repriced the market
in late October when it sold US$1.8
billion of bonds with coupons as
high as 13.75%.
The order book for the latest sale
reached US$4 billion at its peak,
according to a banker on the deal.
But investors now see value
in China’s junk bonds given the
higher yields.
“We are upbeat about low-rated,
high-yield and short-term duration
centage point from quarterly GDP
growth a week. The Realtors group
said the longest government shut-
down in the country’s history had
so far not had an impact on home
sales, but warned this could change.
Last month, existing home sales
fell in all four regions. There were 1.55
million previously owned homes on
the market in December, down from
P R O P E RT Y 9
bonds which benefit from looser li-
quidity and when private enterprises’
financing difficulties are eased,” said
Freddy Wong, fixed income chief in-
vestment officer in China and portfo-
lio manager at Fidelity International.
S&P said the reopening of Ever-
grande’s bonds “will slightly improve
Evergrande’s liquidity, which we still
assess to be less than adequate, with
liquidity sources marginally cover-
ing uses over the next 12 months”.
CEB International, China CITIC
Bank International, Credit Suisse and
UBS were joint global coordinators
for Evergrande’s bond sale. — Reuters
1.74 million in November, but up
from 1.46 million a year ago.
At December’s sales pace, it
would take 3.7 months to exhaust
the current inventory, down from
3.9 in November and up from 3.2
a year ago. A six to seven months’
supply is viewed as a healthy bal-
ance between supply and demand.
Houses for sale typically stayed on
the market for 46 days in December,
up from 42 days in November and 40
days a year ago. Thirty-nine percent
of homes sold in December were on
the market for less than a month.
The share of first-time buyers fell
to 32% last month from 33% in No-
vember. Economists and realtors say
a 40% share of first-time buyers is
needed for a robust housing market.
“Going forward, we expect softer
home prices to support existing home
sales, but not by enough to offset
the downtrend,” said Roiana Reid,
an economist at Berenberg Capital
Markets in New York. “The only sus-
tainable and viable solution in our
view is more construction, especially
of lower-priced homes.” — Reuters
10 H O M E
I saw photo of Altantuya
with DPM, says Burmaa
Slain woman’s cousin tells court of Mongolian interpreter’s Paris trip
SHAH ALAM: The first witness
who testified in a civil lawsuit into
Mongolian interpreter Altantuya
Shaariibuu’s murder said Altantuya
showed her a photograph of herself,
political analyst Abdul Razak Bagin-
da and a deputy prime minister.
Burmaa Oyunchimeg, 37, who
is the cousin of Altantuya, said that
after she and Altantuya flew back to
Mongolia from Singapore in March
2005, Burmaa said Altantuya showed
pictures of her trip to Paris with Ab-
dul Razak.
“When we were back in Mon-
golia, she (Altantuya) showed me
pictures of her trip to Paris with Ab-
dul Razak,” the sales associate said.
“I remember I saw a picture of
three people — two men and Alt-
antuya. I asked her who they were,
and she said one was the deputy
Conference of
Rulers to elect
new King today
KUALA LUMPUR: The nine Malay
Rulers are scheduled to meet today
to elect the new Yang di-Pertuan
Agong and Deputy Yang di-Per-
tuan Agong to reign for five years.
The election will take place dur-
ing the Special Meeting of the Con-
ference of Rulers scheduled to
begin at 10.30am at Istana Negara.
In accordance with Section 2
of the Third Schedule of the Fed-
eral Constitution, the Conference
of Rulers shall offer the office of
the Yang di-Pertuan Agong to the
Ruler qualified for election whose
State is first on the election list.
The first rotational list of the
appointment of the Yang di-Per-
tuan Agong was made with the
consent of the Rulers according to
seniority in terms of the period of
their reign in the following order:
Negeri Sembilan, Selangor, Perlis,
Terengganu, Kedah, Kelantan, Pa-
hang, Johor and Perak.
According to the official web-
site of the Keeper of the Rulers’
Seal, during the election, the Keep-
er of the Rulers’ Seal will provide
one ballot paper to each Ruler
who will have to state whether
the most senior Ruler is suitable
or unsuitable to be elected as the
Yang di-Pertuan Agong.
If the successful Ruler does not
accept the offer or the Ruler fails
to obtain the majority of votes,
then the election process will be
repeated, with the Ruler whose
name appears on the second po-
sition in the list as the candidate.
The process will only be com-
pleted after a Ruler accepts the of-
fice of the Yang di-Pertuan Agong.
— Bernama
prime minister and the other was
Abdul Razak Baginda who worked
with him and did business together.
Earlier, Burmaa disclosed that
Altantuya was in a relationship with
Abdul Razak.
The witness said that she first
met Abdul Razak when Altantuya
introduced him to her at a hotel in
Hong Kong towards the end of 2004.
“When she introduced me to him
(Abdul Razak), she told me that he
was a friend, but later told me that
they were in a relationship,” she
said when questioned by counsel
Sangeet Kaur Deo in front of High
Court judge Datuk Vazeer Alam My-
din Meera yesterday.
The witness said the second time
she met Abdul Razak was in Shang-
hai, China, in January 2005, when
both she and Altantuya flew in from
Son of SSM senior executive hands
documents to MACC — source
KUALA LUMPUR: The son of a
Companies Commission of Malay-
sia (SSM) senior executive handed
over documents for an investiga-
tion to Malaysian Anti-Corruption
Commission (MACC) officials at its
headquarters on Tuesday evening.
An MACC source said the man,
in his 20s, was told to hand over the
documents relating to SSM projects
estimated to be worth millions of
ringgit.
On Jan 9, MACC seized 69 boxes
of agreements believed to related
to SSM projects at the SSM head-
quarters.
The acquisition of the docu-
ments was among actions taken
by MACC on a series of corrup-
Loke, S’pore counterpart meet again over airspace issue
SINGAPORE: Transport Minister
Anthony Loke said he had a “fruit-
ful and constructive” meeting with
his Singaporean counterpart Khaw
Boon Wan yesterday morning.
“We agreed on the way forward
to solve the Seletar airport issue and
the civil aviation authorities of both
countries will continue the discus-
sions on the technical aspects,” he
wrote on his Facebook page on his
third meeting with Khaw regarding
the matter.
Prior to this Malaysia’s Economic
Affairs Minister Datuk Seri Mohamed
Azmin had announced that the meet-
ing was to take place today, but it
had taken place yesterday instead.
Khaw, also in a Facebook post,
said Singapore had suggested extend-
Hong Kong and they met Abdul
Razak at the airport.
Burmaa said the third meeting
was in March 2005 in Singapore,
adding that Altantuya and Abdul
Razak had already arrived there
before her.
On June 4, 2007, the parents of
Altantuya, Dr Shaariibuu Setev and
wife Altantsetseg Sanjaa and their
two grandsons, Mungunshagai Ba-
yarjargal and Altanshagai Munkh-
tulga, filed the RM100 million suit
against two former policemen, Azi-
lah Hadri and Sirul Azhar Umar,
Abdul Razak and the Malaysian
government.
In the statement of claim, the
family alleged that Altantuya’s death
had caused them mental shock and
psychological trauma, entitling
them to be compensated with ex-
tion-related cases this week.
In Putrajaya, a company director
and two others were ordered to be
in remand for three days from yes-
terday for alleged corruption and
making false claims amounting to
RM1.8 million. The order against the
three suspects, including a woman,
was issued by magistrate Izza Zulaika
Ruhanuddin following an applica-
tion by the MACC.
According to MACC, they were
alleged to have abused their posi-
tion and received gratification from
a supplier for the purchase of facto-
ry equipment. They were arrested
when they presented themselves at
the MACC office here on Tuesday.
Besides the 44-year-old company
Loke says he had a fruitful and
constructive meeting. Photo by Bernama
ing the mutual suspension of Malay-
sia’s Restricted Area (RA) over Pasir
Gudang and Singapore’s Instrument
Landing System (ILS) procedures at
Seletar Airport.
“It is to give the officials more
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
emplary and aggravated damages.
Abdul Razak was charged with
abetting Azilah and Sirul Azhar in
the murder of Altantuya, 28, in 2006,
but was acquitted by the Shah Alam
High Court in October 2008 without
calling for his defence, while Azilah
and Sirul Azhar were convicted of
the offence in 2009.
On Aug 23, 2013, the Court of
Appeal allowed Azilah and Sirul
Azhar’s appeal and acquitted them
of the charge.
However, on Jan 13, 2015, the
Federal Court allowed the prosecu-
tion’s appeal and set aside the Court
of Appeal’s decision. It found Sirul
Azhar and Azilah guilty and sen-
tenced them to death by hanging.
The trial continues today with Dr
Shaariibuu providing his testimony.
— Bernama
director, the others are a 51-year-old
company director and 29-year-old
female insurance agent.
In Shah Alam, a former assem-
blyman was arrested by the MACC
for allegedly submitting false claims
amounting to RM30,000. According
to a source, the 41-year-old man was
arrested at the Selangor MACC office
at 3pm yesterday and was expected
to be charged at the Shah Alam Ses-
sions Court today. He was alleged to
have submitted false claims for two
community programmes, amount-
ing to about RM30,000, which were
never implemented.
Selangor MACC director Datuk
Alias Salim, when contacted, con-
firmed the arrest. — Bernama
discussion time to reach a win-win
outcome. He (Loke) will take my
suggestion back to his Cabinet col-
leagues,” said Khaw on yesterday’s
meeting which was accompanied
with a photograph of him and Loke.
On Jan 8, Malaysia and Singapore
agreed for both sides to immedi-
ately and simultaneously suspend
Malaysia's permanent RA over Pasir
Gudang and Singapore’s ILS proce-
dures for Seletar Airport for a period
of one month.
According to Khaw, he and Loke
would meet again after the Lunar
New Year, to continue the airspace
discussion.
The two earlier meetings were
held in Putrajaya and Bangkok. —
Bernama
IN BRIEF
Xavier orders probe
into alleged abuse
of govt vehicle use
KUALA LUMPUR: Water, Land
and Natural Resources Minister
Dr A Xavier Jayakumar has or-
dered an internal investigation
to be carried out into alleged
abuse of government vehicles
by his deputy for Pakatan Hara-
pan’s campaign in the Cam-
eron Highlands by-election.
“I have asked for an internal
investigation by the ministry.
I have instructed the ministry’s
secretary-general to find out
the details from the Foresty De-
partment director-general and
Pahang Forestry Department
director to report back to me.
After getting the reports, I will
see what decisions have to be
made,” he told reporters here
yesterday. — Bernama
Isa Samad applies
for papers on minutes
of condo purchase
KUALA LUMPUR: Former FGV
Holdings Bhd chairman Tan Sri
Mohd Isa Abdul Samad is filing
an application to obtain docu-
ments on the minutes of meet-
ing of the company board of
directors and approval for pur-
chase of a luxury condominium
at Troika, Persiaran KLCC, that
was allegedly bought at a price
above the market price. The
application for the discovery
of the documents pertained
to a suit filed by FGV Holdings
against Mohd Isa and former
president and company group
chief executive, Datuk Mohd
Emir Mavani Abdullah for dam-
ages amounting to RM7.69 mil-
lion over purchase of the prop-
erty. — Bernama
Set up river panel at
federal level — Perak
IPOH: The Perak government
has proposed the setting up
of a Commission of Rivers by
the federal government to pro-
tect rivers. State Education,
Science Technology and En-
vironment Committee chair-
man Dr Abdul Aziz Bari said
the state would table the pro-
posal to the energy, science,
technology environment and
climate change ministry and
other agencies when they were
to meet. “The setting up of the
commission is important as
a platform to exchange opin-
ions with experts on rivers at
international level, ” he said
after opening a workshop on
the Sungai Hulu Kinta Valley
Strategic Management Plan.
— Bernama
Difficult to stop smuggling
of immigrants — agency
KOTA BARU: Lucrative pay-
ments is one of the main rea-
sons why it is difficult to stop
the smuggling of illegal immi-
grants into the country, says
Kelantan Border Control Agen-
cy (Aksem) commander Rusli
Karim. Based on Aksem’s in-
telligence reports, each Bang-
ladeshi migrant had paid be-
tween RM10,000 and RM15,000
to ensure they safely reached
Malaysia. — Bernama
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 11

Higher FFB growth

Axis REIT FY18 results above
expectations

expected for
Axis Real Estate Investment Trust
(Jan 23, RM1.70)
Upgrade to buy with a higher tar-
get price (TP) of RM1.90: Axis Real
Estate Investment Trust (REIT)
reported a strong set of results —
cility) and commencement of Axis
Aerotech Centre @ Subang in De-
cember 2018. Boosted by RM35.2
million fair value gain, the REIT’s
4QFY18 headline net profit grew by
125% quarter-on-quarter (q-o-q) to

TSH Resources
TSH Resources Bhd
(Jan 23, RM1.05)
Upgrade to outperform with a
higher target price (TP) of RM1.30:
We came away from a meeting with
TSH Resources Bhd executive di-
rector Frederick Tan positive on
the group’s outlook. Financial year
2019 estimate (FY19E) fresh fruit
bunch (FFB) growth in Indonesia
and Sabah is guided at 12%-13% and
3%-5%, respectively. Crude palm oil
(CPO) price is expected to recover
to RM2,400 per tonne, driven by
biodiesel initiatives. We raise FY19E
core net profit (CNP) by 22% after
revising FFB growth from +6% to
+10%, but maintain FY18E CNP.
Although Indonesian oil palms are
expected to take a break after a robust
year in FY18, management continues
to expect sturdy FFB growth of 12%-
13% in FY19 as more than 3,000ha of
palms come into maturity. In Sabah,
FFB growth is likely to be decent at
3%-5% as the region fully recovers
from El Nino. As such, we are raising
our conservative FY19E FFB forecast
by 5% from 922,000 tonnes (+6% year-
on-year [y-o-y]) to 964,000 tonnes
(+10% y-o-y).
Despite a potential 5%-10% in-
crease in both labour and fertiliser
costs, we believe production costs
would remain manageable in FY19.
Management said that an increase
in minimum wage in Indonesia
— from current levels of RM550-
RM750/month in Kalimantan and
Sumatra — would have a minimal
impact on earnings as the majori-
financial year 2018 (FY18) realised RM67 million. Elsewhere, Axis REIT’s
net profit grew by 25% year-on-year 4QFY18 distribution per unit (DPU)
(y-o-y) to RM113.4 million on the of 2.45 sen (+26% y-o-y) is its high-
back of higher revenue (+21.4% est quarterly payout since 3QFY14.
yoy), driven by maiden rental/full- We raise our FY19 estimate
year contributions from six newly (FY19E) and FY20E earnings fore-
acquired assets, lease commence- cast by 7% and 8% after incorpo-
ments of Damco Logistics ( Feb 1, rating the earnings contributions
2018) and Nestle DC (June 1, 2018), from new assets, higher profit mar-
as well as improving occupancy gin and higher office occupancy
TSH Resources
at its office buildings. Axis REIT’s rates. Elsewhere, we have lowered
expects CPO
FY18 realised earnings per unit our equity risk premium to 8.2%
price to average
grew by a lower 13% y-o-y due to an (from 8.8%) in view of: i) Axis RE-
RM2,400 per
increase in its share base (+11.5%). IT’s improving earnings visibility
tonne this year,
Overall, the results are above mar- after the completion of construc-
driven by biodiesel
ket and our expectations — Axis tions at Nestle DC and Axis Aero-
initiatives. Photo
REIT’s FY18 realised net profit beat tech Centre; ii) our expectations
by Bloomberg
consensus and our forecast by 8% of a stable overnight policy rate;
and 7% respectively on higher rev- and iii) higher investor appetite
enue and firmer profit margins. for syariah-compliant Malaysian
Sequentially, Axis REIT’s 4QFY18 REITs. At 6% FY19E, Axis REIT’s
realised net profit grew by 23% to valuation is below historical aver-
ty of estate workers are already re- based on an unchanged forward RM36 million, driven by maiden/ age, looks fair. Key downside risk
ceiving RM1,000/month and above. price-earnings ratio (Fwd PER) full quarterly rental contributions is weaker-than-expected earnings
Considering stronger production, of 20.2 times applied to a revised from newly acquired assets (for ex- due to lower occupancy rate/high-
we estimate FY19E ex-mill cost of FY19E earnings per share of 6.37 ample, Beyonics i-Park Campus er doubtful debts. — Affin Hwang
production at RM1,560 per tonne sen (previously 5.24 sen). The Fwd Block E, Senawang Industrial Fa- Capital Research, Jan 23
(excluding the effect of amendments PER reflects -1.5 standard deviation
to the Malaysian Financial Reporting (SD) valuation basis, considering
Axis Real Estate Investment Trust
Standards), a mere 3% increase from a potential soft patch in 4QFY18
around RM1,520 per tonne in FY18. earning. Valuations of other plant-
FYE DEC (RM MIL) 2017 2018 2019E 2020E 2021E
Management expects CPO price ers under our coverage are pegged
to average RM2,400 per tonne this at -1SD to -3SD levels. For investors Revenue 167.8 203.6 227.8 232.4 240.1
year, driven by biodiesel initiatives who would like to capitalise on a Net property income 141.2 175.8 195.3 199.2 205.9
in both Malaysia and Indonesia. recovery in CPO prices, we recom- Reported net profit 122.6 155.0 123.6 126.3 132.1
This represents a 7% improvement mend pure upstream planters like Realised net profit 90.8 113.4 123.6 126.3 132.1
from 2018’s average of RM2,235 TSH Resources given their higher EPU (sen) 11.0 12.5 10.0 10.2 10.7
per tonne, in line with our current earnings sensitivity to CPO prices.
Realised EPU (sen) 8.1 9.2 10.0 10.2 10.7
forecast. Coupled with a sturdy FFB Currently, TSH Resources is the
growth outlook, we expect TSH only pure upstream planter under Realised EPU growth (%) -0.4 12.8 9.0 2.1 4.6
Resources’ earnings to come back our coverage that is still profitable PER (x) 15.1 13.3 16.6 16.3 15.5
with a vengeance in FY19. at a pre-tax profit level. Its calen- Realised PER (x) 20.4 18.1 16.6 16.3 15.5
We raise FY19E CNP by 22% from dar year 2019 production outlook DPU (sen) 8.3 8.7 10.0 10.1 10.8
RM72.8 million to RM88.5 million af- (+10%) is also superior to that of Dividend yield (%) 5.0 5.3 6.0 6.1 6.5
ter revising FFB forecast upwards as its peers’ (+5%). Risks to our call P/RNAV (x) 1.3 1.2 1.2 1.2 1.2
noted, while maintaining FY18E CNP. include sharp falls in CPO prices
Chg in realised EPU (%) 7.5 6.6 new
Upgrade from “market perform” and a precipitous rise in labour/
to “outperform” with a higher TP fertiliser/transportation costs. — Affin/consensus (x) 1.1 1.1 NA
of RM1.30 (previously RM1.05) Kenanga Research, Jan 23 Sources: Company, Bloomberg, Affin Hwang forecasts

Destini likely to benefit from Petronas DOOW jobs

Destini Bhd Destini Bhd
(Jan 23, 25.5 sen)
Maintain add with an unchanged COMPANY RECOM PRICE TARGET MKT CORE 3-YEAR P/BV RECURRING EV/EBITDA DIVIDEND
target price (TP) of 34 sen: On (LOCAL PRICE CAP PER (X) EPS (X) ROE (%) (X) YIELD (%)
CURR) (LOCAL CURR) (US$ MIL) CY18F CY19F CAGR (%) CY18F CY19F CY18F CY19F CY18F CY19F CY18F CY19F
Tuesday, Destini Bhd announced
its wholly-owned subsidiary Des- Destini Bhd Add RM0.26 RM0.34 72 62.1 19.5 -1.8 0.57 0.53 1.6 6.2 16.5 5.8 0.0 0.0
tini Oil Services Sdn Bhd has won ST Engineering Add RM3.66 RM3.94 8,394 21.4 19.5 8.3 4.93 4.69 23.8 24.6 13.0 13.2 4.0 4.1
a contract for the provision of tu- YTL Corp Hold RM1.14 RM1.21 2,930 24.2 18.1 na 0.92 1.05 3.7 5.4 14.7 12.1 3.1 2.4
bular running services (TRS) for Sector average 3,798.4 35.9 19.0 3.2 2.1 2.1 9.7 12.1 14.7 10.4 2.4 2.2
the exploration and appraisal and Sources: CIMB Research, company reports
infill drilling campaign for Blocks
B-17 and C-19 and Block B-17-01
located in the lower part of the Gulf drilling programme for Petronas TRS jobs generate a high 30%-35% indicated it expects to undertake is based on financial year 2020 fore-
of Thailand, near the South China Carigali; Destini is the primary con- profit before tax margin. more decommissioning of old oil cast (FY20F) 11 times price-earn-
Sea for Carigali-PTTEPI Operating tractor for package (A): TRS and In addition, Petroliam Nasion- wells (DOOW) jobs. Petronas said ings ratio (PER), a 50% discount to
Co Sdn Bhd. The contract is for two Isres jobs for Sabah and Sarawak; al Bhd’s (Petronas) “Activity Out- it is targeting the decommissioning our target basis of 22 times FY20F
years starting from Jan 14, 2019 and package (B): TRS for deepwa- look Report 2019-2021” released of 50 wells in 2019, 40 in 2020 and PER for Singapore’s ST Engineering
with a one-year extension option. ter. The contract is for three years, in December 2018 indicated that 60 in 2021. (STE SP, Add); the large discount
However, the value of the contract with a two-year extension option. Petronas intends to discover oil in As one of the leading players is to reflect Destini’s small market
was not disclosed. However, the contract value has existing brownfield and greenfield of DOOW in the country and the capitalisation. Potential rerating
This news is a positive surprise not been disclosed. sites to achieve average produc- region, Destini could benefit from catalysts are more TRS and Isres
for us, as this is the second major Since end-2017, the company tion of 1.7 million barrels of oil per the DOOW jobs given by Petronas job wins. Risks to our call include
TRS job win in the past month for has been looking to diversify away day over the next five years. We over the next three years. The com- delays in the award of more major
Destini. In December 2018, Desti- from government jobs; two major understand this could potentially pany is already doing a DOOW job jobs. We see Destini as an oil and
ni secured a job for the installation TRS jobs show that the company’s lead to more TRS and Isres jobs for for Petronas. gas play. The stock is trading at an
and slot recovery equipment and strategy is showing some positive Destini over the next three years. We maintain our earnings per attractive FY19F PER of 8.9 times.
services (Isres) for PAC operators’ results. We understand Destini’s In the same report, Petronas share (EPS) forecasts and TP, which — CGSCIMB Research , Jan 22
12 B R O K E R S’ C A L L T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Trade war seen to benefit VS Industry

VS Industry Bhd
(Jan 23, 78.5 sen)
Upgrade to buy with a lower target
price (TP) of RM1.02: We attended
VS Industry Bhd’s briefing and came
back feeling neutral on the group’s
outlook. We reckon that the stock
renders limited downside risk at this
junction as the share price has fac-
tored in the negatives, for example,
the declining orders from one of its
key customers for the Malaysian op-
erations which will adversely impact
the group’s second half of financial
year 2019 (2HFY19) earnings while
potential order wins could lift sen-
timent towards the stock.
Hence, we upgrade our call on VS
Industry to “buy” from “hold” with
a revised TP of RM1.02 premised on
favourable risk-reward.
We believe the group could bag
some orders and make the necessary
announcement by FY19, given its
commanding position in electronics
manufacturing services (EMS), being
Malaysia’s largest home-grown EMS
provider and ranked among the top
five EMS providers in the Asean re-
gion. Earlier, the group highlighted
that total bidding orders are close to
RM2 billion. Currently, VS Industry
is in the midst of serious discussions
with a few multinational corporations
(MNCs) to secure new contracts.
We understand that the ongoing
US-China trade war renders some
opportunities to the group as VS In-
dustry has received many enquiries
on new orders from MNCs intending
to shift their manufacturing base
permanently to Asean from China.
Having said that, consumer demand
for home appliances or consumer
electrical products remains weak
in the US and Europe.
VS Industry is ready to take on
any new business with its two ad-
ditional factories. The group would
dedicate the new facilities to cater
for new customers with sizeable
orders. Should the group secure
any new product or model, it can
only be put into production or in
optimal capacity after one year with
requirements of testing, customis-
ing its plants and facilities, and oth-
er necessary set-up arrangements.
Hence, we only expect VS Industry’s
earnings to bounce back strongly in
FY20 forecast (FY20F)/FY21F.
To recap, operations in China re-
VS Industry could bag some orders and make the necessary announcement by FY19,
given its commanding position in EMS.
corded a lower bottom line in the first
quarter (1QFY19) as a result of lower
orders, rising operating costs and re-
trenchment costs incurred.
Moving forward, we envisage the
group’s China operations will contin-
ue posting losses in the coming quar-
ters for FY19F due to weak demand
(especially for air purifiers), intense
competition, rising costs pursuant to
ongoing streamlining exercises and
further aggravated by the prevailing
US-China trade war.
However, management guided
that operational loss will be narrowed
in 2QFY19F as compared to 1QFY19.
Despite the group’s Indonesian
operations incurring losses in 1QFY19
due to lower orders and weakening
of the rupiah against the US dollar,
management is still confident that
Indonesia will remain profitable in
FY19F. VS Industry foresees higher
sales going forward, underpinned
by numerous business enquiries as
potential customers’ manufacturing
base have been shifted to Indonesia
from China.
We slash our net profit forecast
for FY19 and FY20F by a respective
22.2% and 25% to RM136.6 million
and RM154 million. This is to ac-
count for the lower sales orders for
printed circuit board assemblies and
battery packs from its major client
in Malaysia, the orders for the new
model of coffee-brewing machines,
as well as the China operation. Also,
we revise downwards our margin
assumption in view of elevated la-
bour cost and lower utilisation rate
as the group fails to attain optimal
capacity and operational efficiency.
Upgrade to “buy” from “hold” with
a lower TP of RM1.02 (RM1.31 previ-
ously) following our earnings down-
grade. Our valuation for the stock is
pegged at unchanged price-earn-
ings multiple of 13.5 times of FY19F
earnings per share. We advise inves-
tors to accumulate on weakness as
the group’s long-term fundamental
remains intact with its sturdy bal-
ance sheet (0.2 times net gearing),
experienced management in dealing
with difficult times and a good track
record. — JF Apex Securities, Jan 23

Yinson’s upcoming prospects Sunway’s non-property segments

cushion near-term earnings dip
Yinson Holdings Bhd
(Jan 23, RM4.06)
Maintain buy with an unchanged
fair value of RM5.53: Our forecasts
have been marginally adjusted after
taking into account lower minority
charge assumptions for financial
year 2019 forecast (FY19F), which
stemmed from losses from one of
the group’s four offshore support
vessels. Budget 2019’s removal of
the RM20,000 Labuan tax ceiling
will not result in higher tax rates for
Yinson Holdings Bhd as its overseas
operations are mainly domiciled in
Singapore and the Marshall Islands,
which are wholly tax-exempted for
charter income.
Our FY20F earnings project a de-
cline of 17% due to the charter expiry
of the floating production, storage
and offloading (FPSO) vessel Knock
Allan by the end of this month, three
months earlier than originally con-
tracted, together with the full-year
impact of minority charge from the
sale of a 26% equity stake from the
US$1 billion FPSO John Agyekum
Kufuor in June 2018 to a Japanese
consortium.
We expect fourth quarter (4QFY19)
earnings to be flat quarter-on-quarter,
but decline in 1QFY20 due to the loss
of Knock Allan’s annual earnings of
RM40 million. However, this could be
partly mitigated by earlier-than-ex-
pected contributions from the FPSO
Helang (formerly Layang) in 4QFY20.
We understand that the conver-
sion of FPSO Helang, carried out in
Cosco’s Qidong shipyard in China, is
expected to be completed in August
this year, with contribution poten-
tially by September in the current-
Yinson Holdings Bhd
FYE JAN (RM MIL) 2018
Revenue 910.2
Core net profit 345.8
FD core EPS (sen) 31.6
FD core EPS growth (%) 47.9
Consensus net profit - 264.0
DPS (sen) 12.0
PER (x) 12.8
EV/Ebitda (x) 6.8
Dividend yield (%) 2.9
ROE (%) 14.7
Net gearing (%) 6.7
Source: AmInvestment Bank
ly producing fields, earlier than its
contractual obligations by December
2019. We expect the charter com-
mencement of FPSOs operating in
the Helang fields of Sarawak, and
Anyala and Madu off Nigeria to stage
a 43% rebound in FY21F earnings.
Nevertheless, we understand the
caution on the Anyala and Madu
charter, which has yet to be officially
awarded as negotiations with First
Exploration and Production De-
velopment Ltd (FEP) for financial
guarantees have yet to be resolved.
Amid Knock Allan’s idle status by the
end of this month, the group remains
confident of sourcing for a vessel.
Even if the Nigerian contract fails
to materialise, the group remains op-
timistic of securing a massive FPSO
this year as one of the leading con-
tenders for the Marlim I & II and
Parque das Baleias projects in Brazil,
notwithstanding other bidders such
as Modec, Teekay Offshore Partners
and Bluewater-Saipem JV.
expected to lead growth
Sunway Bhd
(Jan 23, RM1.53)
Maintain buy with a unchanged
target price (TP) of RM1.82: We
recently met with Sunway Bhd’s
2019F 2020F 2021F chief financial officer (CFO)
964.6 902.5 1,224.6 Chong Chang Chong and inves-
283.5 235.4 336.1 tor relations manager Mandy Lim.
Our long-term positive view on
25.9 21.5 30.8
Sunway is reinforced given its sta-
(18.0) (17.0) 42.8 ble property business, as well as
230.1 340.3 growing healthcare and trading
8.0 8.0 8.0 and manufacturing segments.
15.6 18.9 13.2 The accumulation of commercial
8.2 8.7 5.9 and healthcare assets provides
2.0 2.0 2.0 value-unlocking opportunities
in the coming years.
13.5 10.4 13.6
We think Sunway Construction
47.6 83.4 55.1 Bhd, which is 54.4%-owned by
Sunway, could potentially help
to rerate Sunway. Given its solid
The capital expenditure for these track record in the local construc-
vessels, with production capacities of tion scene and ability to secure
over 100,000 barrels per day, could jobs in the open tender system,
easily exceed US$1 billion (RM4.14 it is well-positioned to capitalise
billion), above EMA’s estimates of on the potential reintroduction of
US$700 million to US$1billion. public infrastructure projects from
Given its gross cash of RM1 billion 2019 to 2020. The outstanding or-
and low FY20F net debt-to-earnings der book stood at RM5.2 billion.
before interest, taxes, depreciation Unlike the property segment,
and amortisation of 2.1 times, we do Sunway’s healthcare and trad-
not expect any equity-raising exer- ing and manufacturing divisions
cise should the group secure any of have been growing steadily over
these charters. With the completion the last few years, with 10% to
of the FPSO Helang by end-2019, Yin- 20% revenue growth per annum.
son’s project management team is We believe this trend will contin-
comfortable securing another large ue. Over the next five years, the
project this year. healthcare division would see four
Underpinned by locked-in earn- new hospitals, adding 870 beds
ings visibility from an outstanding or- to the existing 618 beds. The new
der book of US$4.1 billion (25 times Sunway Velocity Medical Centre
FY18F revenue), the stock currently is expected to open by mid-2019.
trades at a bargain 13 times of FY21F While the quarry division is
price-earnings ratio of 13 times ver- not a big contributor to earnings,
sus over 20 times for Dialog Group management plans to expand its
and Sapura Energy. — AmInvestment quarry business during this slow-
Bank, Jan 23 down to enhance profitability. The
expansion would be either via new
quarry sites or plant installations in
strategic locations. Currently, the
company has three quarries for
aggregates and 13 asphalt plants,
with 10% and 20% market share
respectively in the Klang Valley.
Sunway’s healthcare
and trading and
manufacturing
divisions have been
growing steadily over
the last few years.
As expected, management has
set a lower sales target of RM1.3 bil-
lion (versus RM1.8 billion achieved
in 2018), largely due to fewer over-
seas projects planned for launch
this year. For 2019, Sunway plans
to release RM2 billion worth of
new properties, of which RM1
billion (by effective stake) is the
Brookvale project in Clementi Sin-
gapore. Locally, the new launches
are Velocity 2 (Phase 2) and Avila
in Wangsa Maju, which should be
quite marketable in our view given
their strategic locations.
Sunway’s recent disposal of its
Sunway University campus (worth
RM550 million) to Sunway REIT
would result in interest savings
of RM9.9 million a year. About
RM311 million from the proceeds
would be utilised as working cap-
ital and funding for the expansion
in the healthcare division. Sunway
still has about RM2 billion worth
of investment properties that can
be monetised in the future. — RHB
Research, Jan 23
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Is Europe trying to kill
the digital ad business?
GDPR rules are impeding innovation, harming small businesses, inhibiting growth and imposing needless costs
BY T I M OT H Y L AVI N & C L I VE CROOK
T
his week, France’s da-
ta-protection regulator
demanded that Google
pay a record fine for
violating Europe’s ex-
pansive new privacy
rules. The tab? About US$57 mil-
lion (RM235.98 million). The pur-
pose? Hmm.
In its ruling, the regulator al-
leged that Google fails to adequate-
ly explain how it collects data to
offer personalised advertising.
Some information is “excessive-
ly disseminated” across different
documents. Some requires more
than one click to find. Some con-
sent boxes are pre-ticked, thereby
discouraging careful study. In sum,
a user’s consent — even when free-
ly given — is insufficiently “specif-
ic” and “unambiguous”.
If all this sounds ridiculous, wel-
come to the General Data Protec-
tion Regulation, or GDPR. Put aside
for now that these rules are all but
impossible to fully comply with.
Ignore, too, that they are impeding
innovation, harming small busi-
nesses, inhibiting growth, imposing
needless costs, annoying consum-
ers and accomplishing nothing.
Morality and money management
BY RO B ERT J SH I L L ER
THE death on Jan 16 of Jack Bo-
gle, the founder of the investment
company Vanguard Group, was
met with a slew of flattering obit-
uaries. Of course, obituaries often
praise their subjects. But Bogle’s
seemed more laudatory than usu-
al. And I think there is a reason:
Bogle was an unusually morally
directed man.
Of course, we cannot judge his
success by his personal wealth.
When Bogle established Vanguard
in 1975, he set it up as a non-prof-
it. The company has no outside
shareholders; all profits are reflect-
ed in lower fees, not dividends.
By metrics other than founder
wealth, the Vanguard Group is
a huge success. It invests for 20
million people in 170 countries.
It has US$4.9 trillion (RM20.29
trillion) in assets under manage-
ment. It may be the world’s most
significant investment company.
But this does not mean that we
must agree with everything Bogle
said, or malign others who are not
non-profit. His is not the only way
to be moral.
Bogle’s morality was rooted in
Instead, ask what the regulators
are actually trying to do. There are
two plausible answers.
One is that they merely want
to make an example of Google,
as opposed to announcing that
crushing fines are on the way for
every company that cannot ade-
quately comply with the GDPR.
That might minimise the damage.
But it would also suggest that Eu-
rope intends to wield these rules
— as it does so many others — to
punish Silicon Valley giants and
protect local rivals.
Another possibility is that the rul-
ing portends a broader crackdown
on digital advertising. Companies
collect so much personal informa-
tion not out of prurience but to reach
the customers most likely to buy
their products. To do so, firms con-
stantly mix and match data to find
correlations and make inferences.
Demanding that they stop at each
step to once again get users’ con-
sent — as this ruling implies they
must — could make their services
difficult or impossible to use.
And whose interests would that
serve? In Europe, the digital adver-
tising market reached almost US$55
billion in 2017. Fully a quarter of
all EU businesses market them-
his conviction that trying to beat
the market is futile. This was re-
flected in his 2007 book The Little
Book of Common Sense Investing:
The Only Way to Guarantee Your
Fair Share of Stock Market Re-
turns. His investment strategy is
“the only way”, and the opening
paragraph of the 10th-anniversary
edition sums it up:
“Successful investing is all
about common sense. As Warren
Buffett, the Oracle of Omaha, has
said, it is simple but it is not easy.
Simple arithmetic suggests, and
history confirms, that the winning
strategy for investing in stocks is
to own all of the nation’s publicly
held businesses at very low cost.”
This means that one should
simply invest in an index fund
that represents the whole market
and then call it a day. But it is a
little odd to be quoting Buffett in
support of such a strategy, given
that the Oracle of Omaha owes
his fame (and his moniker) en-
tirely to his ability to outperform
the market.
Bogle’s statement is best in-
terpreted as applying to his audi-
ence of individual retail investors.
Because the market portfolio is
the average investment for all in-
vestors, the average investor can
do no better than the average for
selves online, and 78% of those
use “contextual ads” that require
data collection. Making this model
more expensive and less effective
would burden companies and re-
duce growth, while leaving users
with worse services and unending
aggravation.
More to the point, if consumers
object to data collection, they have
shown little inclination to change
their behaviour. Perhaps, that’s be-
the market. But the excitement of
the market causes people to lose
sight of that. As Bogle puts it in his
book: “The stock market is a giant
distraction from the business of
investing.”
He is right about the distrac-
tion. People look for excitement,
and the stock market is one game
they can play. People will gamble
anyway, if not in the stock market,
then in a casino. On the other
hand, it is no doubt better over-
all if people learn lessons about
business and real economic ac-
tivity, rather than card-counting
tricks. There may be rough rides
for some, but the hurly burly of
the stock market is also a sign of
a vibrant economy.
Advising people simply to hold
the market is advising them to
free-ride on the wisdom of others
who do not follow such a strate-
gy. If everyone followed Bogle’s
advice, market prices would turn
into nonsense and would provide
no direction to economic activity.
I remember exactly when I be-
gan to appreciate the complexity
of the moral issues money man-
agement entails: Oct 8, 2009. I
received a phone call from the
eminent Massachusetts Institute
of Technology (MIT) economist
Paul Samuelson, who had been
cause they aren’t given enough
boxes to tick or privacy policies to
reflect on, as Europe’s officials sus-
pect. Or perhaps consumers think
all the free and easily accessed ser-
vices they get are a fair exchange
for their anonymised data. In any
event, few are clamouring to cede
the choice to bureaucrats.
A better approach would be a
certification regime, on the mod-
el of the “information fiduciary”
my teacher when I was a gradu-
ate student in the early 1970s. He
was 94 years old at the time, and
two months later he died. I was so
impressed by the call that I took
notes on it in my diary.
Samuelson was responding to
my recent publications advocat-
ing expanded insurance, futures,
and options markets to mitigate
the financial risks — for example,
those related to housing prices
and occupational incomes — that
ordinary people face. He said that
these markets could, if pitched to
the general population, turn into
“casino markets,” with people us-
ing them to gamble, rather than
to protect themselves.
He then brought up the exam-
ple of Bogle, who “gave up a billion
dollars for a concept,” Samuelson
said. “He could easily have cashed
this in,” but he did not. “The mira-
cle that was Vanguard came from
Bogle’s principles.”
I thought he was right. In the
long run, markets reward prin-
cipled people. But there is still
need for an expanded set of risk
markets, because these markets
can — and do — carry out useful
functions, including risk manage-
ment, incentivisation, and orient-
ing business.
The problem is that attention to
COMMENT 13
A pedestrian walking past a signage at
Google Inc headquarters in Mountain
View, California, the US. Google was
fined US$57 million under Europe’s new
privacy rules. Photo by Bloomberg
standard that has gained adherents
in the US. Companies would agree
to a set of best practices — using
data for limited purposes, vetting
third parties, and so on — in return
for a regulatory stamp of approv-
al or other incentives. Consum-
ers would know when their data
is in good hands without being
expected to peruse opaque priva-
cy statements or offer meaningless
assertions of consent. If they want-
ed to take their chances with less
scrupulous services, their choice
would be informed.
Such a system would obviate the
GDPR’s endless rules and arbitrary
enforcement. It would respect the
choices of users who may have very
different preferences about the da-
ta-for-services trade-off. It would
allow new businesses to grow un-
encumbered by rules they could
never hope to comply with. And
regulators would have less to do
— which is usually a good thing.
— Bloomberg
these markets requires intelligent
and hard-working people to help
others in their investing. Theirs is
not a zero-sum game, for they help
direct resources to better uses.
And these people must be paid.
Even Vanguard, which now has a
number of different index funds,
hires investment managers and
charges a management fee, albeit
a low one.
Not every fund needs a low fee.
We live in a world where constant
and rapid change and innova-
tion require more attention, and
attention is costly. While many
financial managers are at times
unscrupulous, a higher manage-
ment fee is not always a sign that
something is wrong.
But Bogle is still a hero of mine,
because he provided an honest
product and was motivated by
a sincere desire to help people.
And he should be a hero to all,
because he showed that markets
eventually recognise integrity. —
Project Syndicate
Robert J Shiller, a 2013 Nobel lau-
reate in economics and professor
of economics at Yale University, is
co-author, with George Akerlof, of
Phishing for Phools: The Econom-
ics of Manipulation and Deception.
14 W O R L D B U S I N E S S T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Sony to shift UK HQ Cloud, services

fuel IBM’s profit
beat, robust
outlook
The relocation is said to be aimed at avoiding Brexit-related customs issues BY PUS H K A L A A R IPA K A

BENGALURU: IBM Corp beat

TOKYO: Sony will shift its Europe-
an headquarters from Britain to the
Netherlands to avoid Brexit-related
customs issues, but operations at
its current UK company will remain
unchanged, a company spokesman
said yesterday.
“We are moving the location of
our European headquarters’ regis-
tration to the Netherlands” by the
end of March, company spokesman
Takashi Iida told AFP.
The relocation is aimed at avoid-
ing cumbersome customs-related
procedures after Britain leaves the
European Union (EU), he said.
The Japanese electronics giant
late last year registered a new com-
pany in the Netherlands, and plans
to integrate its existing European
headquarters in Britain into the new
company.
The move will make the firm “a
company based in the EU”, so the
bloc’s common customs procedures
will apply to Sony’s European op-
erations after Britain relinquishes
membership, Iida said.
Sony, however, will not move per-
sonnel and operations from the exist-
ing UK company to the Netherlands,
and “the only change we will make
is the change of registered location
May reacting as Labour Party leader
Jeremy Corbyn speaks during a no
confidence debate after parliament
rejected her Brexit deal in London
last Wednesday. Photo by Reuters
of the company”, he added.
Its rival Panasonic last year moved
its European headquarters from Brit-
ain to the Netherlands over concerns
about potential Brexit-related tax is-
sues. Several other Japanese firms,
including megabank MUFG, Nomu-
ra Holdings, Daiwa Securities and
Sumitomo Mitsui Financial Group,
have said they are planning to move
their main EU bases out of London.
The British parliament rejected
Prime Minister Theresa May’s with-
drawal deal last week, leaving the UK
on course to exit the EU on March 29
with no deal. — AFP
Wall Street quarterly earnings
estimates and also forecast 2019
profit above expectations on
Tuesday, in the latest indica-
tion that chief executive officer
(CEO) Ginni Rometty’s efforts
to turn around the technology
services company were gaining
traction.
Shares rose 7% in extended
trading after IBM also posted
its first annual revenue growth
since 2011.
Rometty, who has been CEO
since 2012, has steered the com-
pany towards faster-growing seg-
ments such as cloud, software
and services and away from tra-
ditional hardware products, but
not without a bumpy journey.
The newer areas of focus have
sometimes underwhelmed in-
vestors.
Chief financial officer James
Kavanaugh told Reuters that IBM

No-deal Brexit puts Bentley’s

French ex-staff
sue Goodyear
over ‘chemical
exposure’
LILLE (France): Around
1,000 former employees at a
Goodyear factory in France
announced on Tuesday that
they are suing the US tyre mak-
er, accusing the company of
exposing them to dangerous
chemicals.
Goodyear shut the factory
in Amiens, President Emma-
nuel Macron’s hometown in
the industrial north of France,
in 2014 after a bitter six-year
dispute between staff and
management. All 1,143 em-
ployees at the site lost their
jobs.
Most of them are now su-
ing their former employer for
allegedly “exposing them to
dangerous products without
informing them, for cost rea-
sons”, the factory’s former CGT
union leader Mickael Wamen
told AFP.
“Goodyear put us in danger
in order to shave some cash
off the price of the tyres being
made”, he said.
According to the legal com-
plaint filed at a court in Nan-
terre in the northern Paris
suburbs, the company is ac-
cused of exposing employees
to “harmful products without
protection when substitutes
were available”.
The company “wilfully ne-
glected to warn and inform its
employees of the health risks
posed by the usage of these
chemical products and man-
ufacturing methods”, said the
document seen by AFP.
Among them were chem-
icals known as polyaromatic
hydrocarbons, styrene and ar-
omatic amines. — AFP
return to profit at risk
BY COSTAS P ITAS
CREWE (England): Loss-making
carmaker Bentley is on track to be
profitable this year but a no-deal
Brexit puts that at “fundamental
risk”, its boss told Reuters, adding
that the chance of Britain leaving the
European Union (EU) on March 29
with a deal now seemed “fairly low”.
Britain, the world’s fifth largest
economy, is due to leave the EU,
the globe’s biggest trading bloc, in
66 days but the government’s nego-
tiated deal was rejected by lawmak-
ers, leaving open the possibility of a
disorderly Brexit.
The car industry, which employs
over 850,000 people in the country,
has warned that any tariffs and cus-
toms checks would hit firms such as
Bentley’s parent company Volkswa-
gen as it both exports from Britain
and imports vehicles and compo-
nents.
Bentley, which made a €137 mil-
lion loss in the first nine months
of last year, is undergoing a turn-
around under new boss Adrian
Hallmark, who said the group is
on course to return to the black,
but that plan could be undone de-
General Electric to cut up to 468 jobs in France — unions
BELFORT (France): US energy giant
General Electric (GE) plans to slash
up to 468 jobs across France, union
sources said on Tuesday.
They said 229 jobs would be cut
from the staff at Alstom Power Sys-
tems (APS), including 146 at GE
Energy’s European headquarters
in Belfort, eastern France.
Another 149 jobs are on the chop-
ping block at GE Energy Power Con-
Hallmark standing next to a car being built on the production line at Bentley’s factory
in Crewe, the UK on Tuesday. Photo by Reuters
pending on the form Brexit takes.
“It’s Brexit that’s the killer,” he
told Reuters. “If we ended up with a
hard Brexit ... that would hit us this
year because we do have a potential
to get beyond break-even to do the
turnaround.”
“It would put at fundamental risk
our chance of becoming profitable.”
Like other carmakers, the high-
version France and 90 at GE Grid,
they said.
GE opened negotiations to trim
its staff in France — apart from em-
ployees at its French headquarters
in Paris — under a “collective mutu-
ally agreed termination”, a measure
introduced in France in September
2017.
At APS, some departures would
be among senior staff nearing re-
end brand is taking steps to prepare,
including building up stocks of im-
ported parts from two days to 10 days
and building a higher proportion of
cars for some non-European mar-
kets in the next few months. “We
will build more cars for China or
the US than we would normally do
in the six-month period,” Hallmark
said. — Reuters
tirement, the unions said.
Contacted by AFP, GE public re-
lations spokesman in Belfort con-
firmed that talks had begun, saying
the firm was “reviewing its activities
to be sure they are responding to
marketplace realities and will allow
for long-term success”.
He said GE had launched talks
with APS personnel representatives
regarding voluntary departures, but
signed roughly US$16 billion
(RM66.24 billion) worth of con-
tracts in the quarter, its strongest
by that measure in a long time.
Underscoring the drive into
higher-margin businesses, IBM
in October agreed to buy soft-
ware company Red Hat Inc for
US$34 billion, the company’s
biggest acquisition in its more
than 100-year history.
In a nod to investor concerns,
Kavanaugh on a post-earnings
call with analysts said client re-
sponse to the Red Hat acquisi-
tion has been “overwhelmingly
positive”.
IBM’s cloud strategy has fo-
cused on helping companies
stitch together multiple cloud
platforms rather than compete
head on with “hyperscale” cloud
providers such as Amazon Web
Services, Microsoft Azure and
Alphabet Inc’s Google.
IBM’s cloud business overall
grew 12% to US$19.2 billion in
2018. It is one area IBM has ac-
tively looked to build and part of
its “Strategic Imperatives”, which
also include analytics, cyberse-
curity and artificial intelligence.
The core cloud businesses
performed “quite well” in the
quarter and is consistent with
an overall view that enterprises
are increasingly moving into the
full-scale cloud migration, Mof-
fettNathanson analyst Lisa Ellis
said. — Reuters
would not elaborate because talks
are ongoing.
The French Democratic Confed-
eration of Labour and The French
Confederation of Management —
General Confederation of Executives
unions at APS issued a joint tract
questioning the wisdom of job cuts,
fearing their effects on “the continuity
of activities (and) the maintenance
of skills and expertise”. — AFP
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Huawei calls
for swift end
to case of
exec arrested
in Canada
BY SOYO UNG KI M
& L EI K A KI H A RA
DAVOS (Switzerland): China’s
Huawei Technologies wants a
quick resolution of the case of
its former finance chief Meng
Wanzhou, who is accused
of violating US sanctions on
Iran and has been detained
in Canada, its chairman said
on Tuesday.
The US has told Canada it
will request Meng’s extradition,
but has not said when it will
do so, David MacNaughton,
Canada’s ambassador to the
US, said in a Globe and Mail
interview on Monday.
“We are following this is-
sue closely but had no direct
contact with the authorities.
We will call for a quick conclu-
sion for Meng so that she can
have her personal freedom,”
chairman Liang Hua told the
media on the sidelines of the
World Economic Forum here.
Weng, who is the daughter
of Huawei founder Ren Zheng-
fei, was arrested in Canada on
Dec 1 and released on bail last
month. The deadline for filing
an extradition request is Jan 30
and Meng is due to appear in
court in Vancouver on Feb 6.
The world’s biggest pro-
ducer of telecommunications
equipment faces scrutiny over
its relationship with Beijing and
US-led allegations that its de-
vices could be used for spying.
Huawei, which has repeat-
edly rejected such allegations,
will allow foreign officials to
visit its laboratories, Liang,
who was appointed acting
chief financial officer in De-
cember, said.
“We operate our business
globally, and in every coun-
try we fully comply with local
laws and regulations,” Liang
said, adding that the company
welcomed requests to see the
technology giant’s product de-
velopment business as well as
other units.
Meng’s arrest soured rela-
tions between China and Can-
ada, with Beijing detaining two
Canadians and sentencing to
death another who was pre-
viously found guilty of drug
smuggling.
The detention has also dam-
aged already tense Chinese rela-
tions with the US, with President
Donald Trump telling Reuters in
December he would intervene
in the US Justice Department
case if it would serve national
security interests or help close
a trade deal with China.
Liang’s appearance here is
part of a public relations blitz by
the Chinese technology giant as
it seeks to ease concern among
Western nations. — Reuters
Fed said to probe Deutsche Bank
over suspicious Danske cash
Case could be one of the biggest money laundering scandals ever
BY JESSE HAM ILTON
& SONALI BASAK
WASHINGTON/NEW YORK: The US
Federal Reserve (Fed) is examining
how Deutsche Bank AG handled
billions of US dollars in suspicious
transactions from Denmark’s leading
lender, according to people familiar
with the matter, further intensifying
what could be one of the biggest mon-
ey laundering scandals ever.
The Fed’s probe is in an early stage
as it scrutinises whether Deutsche
Bank’s US operations adequately
monitored funds from an Estonian
branch of Danske Bank A/S, accord-
ing to two people briefed on the sit-
uation, who asked not to be named
because the inquiry isn’t public.
Danske, which used correspond-
ent banks such as Deutsche Bank
to move money abroad, has admit-
ted that much of about US$230 bil-
lion (RM952.20 billion) that flowed
J&J forecasts disappointing 2019 sales
BY M ANAS M ISHR A
& JULIE STEENHUYSEN
BENGALURU/CHICAGO: Johnson
& Johnson (J&J) has forecast 2019
sales that fell short of analysts’ esti-
mates and said it expected further
pressure on US prescription drug
prices, weighing on the broader
pharmaceutical sector.
J&J, the first major drugmaker
to report fourth-quarter results,
said it expects full-year sales of
US$80.4 billion (RM332.86 billion)
to US$81.2 billion, below Wall Street
estimates of US$82.69 billion, ac-
cording to IBES data from Refinitiv.
The company also said it ex-
pected adjusted 2019 earnings of
US$8.50 to US$8.65 per share, put-
ting the midpoint below analysts’
expectations of US$8.60 per share.
J&J shares were down 2% at
US$128.02, while the broader S&P
500 healthcare sector was off 1.1%.
The healthcare conglomerate
on a call with analysts said that net
prices of its medicines declined 6%
to 8% in 2018 after falling 4.6% in
US video game industry revenue soars to US$43.4b
SAN FRANCISCO: From ‘Fortnite’
to ‘Pokemon Go,’ play in the US
drove video-game industry rev-
enue to a record-setting US$43.4
billion (RM179.68 billion) last
year, according to data released
Tuesday.
Spending on games in the US in
2018 climbed 18% from the previ-
ous year, according to figures from
the Entertainment Software Asso-
W O R L D B U S I N E S S 15
ensure banks have adequate sys-
tems in place to fulfill those duties.
A Danske Bank whistle-blower,
who outlined the illicit flow of cash
through that firm, has said much of
it passed through Deutsche Bank in
the US, and one of the people said
the Fed is focusing on the German
lender’s trust bank. Deutsche Bank
has been cooperating with the Fed,
the people said.
A spokesman for Deutsche Bank
declined to comment on talks with
regulators, and a Fed spokesman
said it doesn’t publicly discuss con-
fidential probes.
Deutsche Bank chief executive
through the tiny Estonian outpost officer Christian Sewing (pic) said
may have been dirty. last week he has launched a further
The US requires banks operating internal investigation into the lend-
under its jurisdiction to scrutinise er’s role as a correspondent bank for
clients and their dealings to detect Danske, even though he said he has
potential money laundering and alert not seen any evidence of wrongdoing.
authorities to suspicious transactions. “The bank had previously re-
The Fed is among regulators that viewed its actions in the case,” Sew-
J&J is engaged with the Trump administration and a lot of different groups right now
on the issue of pharmaceutical pricing. Photo by AFP
2017. J&J did raise US list prices on Gorsky said on call with analysts.
about two dozen prescription drugs He said the company had some
earlier this month, including on its concerns related to reference pric-
top-selling products. ing, a proposal to tie US drug pric-
“The company is obviously en- ing to the average price paid for
gaged with the (Trump) adminis- drugs in a handful of other devel-
tration and a lot of different groups oped nations, where the govern-
right now on the issue of pharma- ments directly or indirectly control
ceutical pricing,” chief executive Alex medicine costs. — Reuters
ciation (ESA) and market tracker grew significantly last year, while
NPD Group. momentum in subscription and
“Whether it was playing on the streaming services “gave us a peek
go on a mobile device or at home into a future full of possibilities for
on a personal computer or con- the industry and gamers,” he added.
sole, consumers of all ages and US spending on video game
interests found compelling content hardware, including peripherals,
that delighted in 2018,” NPD video climbed to US$7.5 billion last year
games analyst Mat Piscatella said from US$6.5 billion the previous
in a statement. year, according to the ESA and
Play on all types of devices NPD. — AFP
ing said at an event in Berlin.
He urged people not to “pre-
judge” the bank or its employees,
presuming their innocence unless
proven guilty.
The US Department of Justice
and criminal authorities from oth-
er countries have launched in-
vestigations into Danske Bank’s
business in Estonia amid accusa-
tions it became a European hub
for money launderers from the
former Soviet Union.
The Danish bank was ordered by
its domestic regulator to stockpile an
extra US$1.5 billion in capital to deal
with the costs of potential penalties.
Danske relied on the global pres-
ence of Deutsche Bank, Bank of
America Corp and JPMorgan Chase
& Co to handle conversions of foreign
currencies into US dollars on behalf
of its clients from 2007 to as recently
as 2015, people familiar with the ar-
rangement have said. — Bloomberg
Waymo revs up
self-driving
car making
near Motor City
SAN FRANCISCO: Waymo will
rev up its self-driving car pro-
duction by setting up a factory
devoted exclusively to mass
output of autonomous vehicles
in Michigan.
The company, owned by
Google-parent Alphabet, col-
laborated with Michigan’s Eco-
nomic Development Corp on
a plan to use a manufacturing
facility in that state to integrate
self-driving technology into ve-
hicles it adds to its fleet.
Waymo already has about 20
workers based in the southeast
Michigan city of Novi.
The location of the new
plant has yet to be determined,
but is not expected to be too far
from Detroit, nicknamed ‘Mo-
tor City’ due to the role the car
sector has played there.
The Waymo project aims to
create 100 jobs, with the poten-
tial for that number to multiply
as it produces vehicles capa-
ble of ‘level 4’ autonomy on a
scale where level 5 is fully au-
tonomous without a need for
human intervention.
In an online statement on
Tuesday, Waymo said the fa-
cility “will be the world’s first
factory 100% dedicated to the
mass production of L4 auton-
omous vehicles.”
The plant will integrate the
self-driving system into the vehi-
cles for the Waymo fleet, including
from Fiat Chrysler Automobiles
and Jaguar Land Rover. — AFP
16 FO CU S T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

W O R L D E C O N O M I C F O RU M  D AV O S, S W I T Z E R L A N D 

‘New world’ of politics in Davos

The political risks for the world economy are mounting and have been identified as key growth threats
BY JESSI C A SHA NKL EMA N

L
eaders like Donald Trump, The-
resa May and Emmanuel Ma-
cron may be skipping Davos,
but politics is very much on the
mind of executives and investors
gathered in the Swiss Alps. And
they’re not happy.
From the US president’s trade war with
China to May’s struggle to get her European
Union (EU) divorce through as well as the
shadow of nationalism on policymaking
around the world, the political risks for the
world economy are mounting.
The problem for executives is that they
have to make investment and hiring de-
cisions as governments turn insular and
protectionist. The emergence of leaders
from outside established parties with a bias
to communicating directly with voters on
social media also makes it hard to under-
stand policy processes as Trump’s abrupt
pronouncement he’d withdraw US troops
from Syria showed.
“There’s been a lot of thinking on how
business would be disrupted by technolo-
gy,” Credit Suisse Group AG chief executive
officer (CEO) Tidjane Thiam told Bloomb- The Congress Centre (left), venue for the World Economic Forum (WEF), stands among residential buildings in Davos, Switzerland on Sunday. World leaders, influential
erg Television. “I’m not certain that there executives, bankers and policymakers are attending the 49th annual meeting of the WEF from Jan 22-25. Photo by Bloomberg
has been the same level of thinking on how
politics would be disruptive. This is a new
world.” The risk from the political climate was ev- must step in more to address issues such list of worries among CEOs was the trade
Criticising politicians for impeding ident in the International Monetary Fund’s as inequality and faltering growth, accord- spat between the US and China, which is
expansion marks a reversal of the annual (IMF) latest prediction for global growth — ing to Emma Marcegaglia, chairman on hiatus as Beijing and Washington seek
meetings of the World Economic Forum it expects the slowest reading this year of Italian oil company Eni SpA, common ground before a March deadline
(WEF) over the last decade, when leaders since 2016, and warns it could cut who was present. for higher tariffs on Chinese goods.
admonished Wall Street for causing the its forecasts more deeply if trade “The message is, whether “Part of the uncertainty and instability
2008 financial crisis. Yesterday, delegates tensions mount. you like it or not, you have that we have right now is that what happens
were due to be addressed by German “Even as the world economy to — we as corporations — between the US and China is so significant
Chancellor Angela Merkel, Japanese Prime continues to move ahead, it is fac- have to take more respon- to economic growth,” said Carlos Pascual,
Minister Shinzo Abe, Italian Premier Gi- ing significantly higher risks, some sibility on inequality, on senior vice-president of global energy at IHS
useppe Conte and China’s Vice President of them related to policy,” said IMF environment, on health, on Markit. “The fact that so much is at stake but
Wang Qishan. managing director Christine Lagarde. re-skilling people,” Marce- there’s such a limited amount that you can
Since coming to power, Trump has attacked Lagarde told a closed-door gaglia said. “Because al- do about it, that’s part of what’s creating so
the system of rules that guided the postwar meeting of executives they most everywhere in the much instability and insecurity.”
global economy and signalled a retreat by the world governments US politicians also drew barbs for the
US from foreign policy, arguing America has Lagarde: ‘Even as the are showing that longest-ever government shutdown, which
gone too far in financing the defence umbrella world economy continues they are not able to has deprived federal workers of pay and
for many allies and accepting what he calls un- to move ahead, it is facing face these break- threatens the broader economy the longer
fair trade practices. That has raised questions significantly higher risks, through chal- it runs.
about the future role of everything from the some of them related to lenges.” “Clearly I worry about the people in terms
World Trade Organisation to Nato. policy’. Photo by Bloomberg Top of the of the hardship that it’s created,” said Cit-

Global recession not seen in Davos even as world economy slows

THE global economy is stumbling but not
falling over.
That is the analysis of investors, bank-
ers and former policymakers attending the
World Economic Forum (WEF) in Davos,
Switzerland, as they argue the expansion
is weakening but not by enough to gener-
ate a recession.
“We’re slowing, but we’re still growing,”
said Philipp Hildebrand, vice-chairman of
BlackRock Inc and a former Swiss central
banker. “The chances of a recession short
of a major mistake or accident this year
are limited.”
Financial markets have wobbled in recent
months, with the S&P 500 Index dropping
1.4% on Tuesday — on concerns economic
weakness in the US and China could barrel
out of policymakers’ control and fears a trade
truce may not hold. Other political flash
points such as Brexit and the US government
shutdown have added to investors’ concerns.
“What’s right?,” Citigroup chief executive
officer (CEO) Michael Corbat asked at a
Bloomberg event in Davos. “Are the markets
right as we saw in December and truly pre-
dicting a significant slowdown to recession,
or are the fundamentals that we’re seeing
in employment and wages and purchasing
and housing coming together for what feels
like a reasonable economy. One of those we
know is wrong.”
The half-glass full attitude was on display
in the International Monetary Fund’s (IMF)
updated outlook released on Monday. While
it forecast this year would witness the soft-
est global growth since 2016 of 3.5%, it left
its estimates for the US and China in 2018
unchanged and predicted a slight pick-up
worldwide next year.
“The bottom line is that after two years
of strong expansion, the world economy
is growing more slowly than expected and
risks are rising,” IMF managing director
Christine Lagarde said. “Does that mean
that a global recession is around the cor-
ner? The answer is ‘no’.”
Davos delegates echoed that view about
a decade after visitors to the Swiss alpine
retreat failed to predict the 2009 recession
— the deepest since the Great Depression.
“I would not even call it a slowdown,”
said Jacob Frenkel, vice chairman of JPMor-
gan Chase International. “There is already
the ingredients of ‘gee, we’re about to en-
ter another recession’. That’s not the case.”
China concerns
The chief concern is that Chinese officials
prove unable to cushion their economy, the
second-biggest and responsible for about
a third of global growth. Data released
on Monday showed 2018 was the slowest
expansion since 1990 as the government
tries to rely less on investment and debt
while insulating demand threatened by
the trade war.
“The biggest story in the global economy
at the moment is the Chinese slowdown,”
said Adair Turner, a former Bank of Eng-
land policymaker and now chairman of
the Institute for New Economic Thinking.
“Right in the middle of that very difficult
transition, which I think they were manag-
ing quite well, they were hit by the tariffs,
hit by the trade war.”
Fang Xinghai, vice-chairman of China’s
Securities Regulatory Commission, said
the trade tensions with the US have not
changed the long-term direction of the
nation’s economy and that the slowing is
“not going to be a disaster.”
Chinese policies are “very responsive
and data-dependent”, said Fang.
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
igroup Inc CEO Michael Corbat. “We’re
now entering the second pay cycle.”
While the US economy appears in de-
cent shape, including consumer demand
and wages, people are worried about
everything from job security to tensions
with Iran and North Korea, plus the gen-
eral unpredictability now evident in pol-
itics, according to JPMorgan Chase & Co
CEO Jamie Dimon.
“The indirect effect is confidence in in-
vestment so you have a bunch of business-
es now, saying, “I’m not going to do that
yet or make that investment yet’,” Dimon
said. “There’s always a lot of winds, but it
seems to be more than average.”
Meantime, May drew criticism as Brit-
ain barrels toward the March 29 exit date
from the EU without a deal in place to
handle the adjustment.
“Wishful thinking doesn’t always
come true — and that is the way I would
describe the markets at the moment,”
BlackRock vice chairman Philipp Hilde-
brand said in an interview. “From a stat-
utory perspective — formally, legally
today — the default option in March is
basically a hard Brexit.”
The eurozone didn’t escape criticism
either at a time when Macron faces week-
ly street protests against his reform pro-
gramme while Italy’s coalition is showing
signs of strain and arguing with counter-
parts in Europe about its budget.
“There’s a restlessness in Europe,” said
John Studzinski, vice-president of Pacif-
ic Investment Management Co. “You got
to look at what works and fix what isn’t
working.”
US Secretary of State Michael Pompeo
referenced the “new winds” across the
world in a speech to Davos that touted US
economic strength and claimed foreign
policy successes. His calculation was the
disruptions taking place in the global po-
litical order are a “positive development”.
Pompeo delivered his speech by video after
Trump ordered the US political delegation
to also skip the forum.
Even as Pompeo approvingly cited up-
heaval “in Ohio, Rio de Janeiro and in
Rome”, he boasted that “the unleashing of
animal spirits has allowed” the US econo-
my to grow “even as the global slowdown
looms”.
That’s not a view necessarily embraced
by executives this week in the Swiss Alps.
“A year ago at Davos everyone was
happy,” said Charles-Edouard Bouee,
CEO of Munich-based consultants Ro-
land Berger. “There was a real consensus
between government and businesses.
There’s a lot more tension this year.” —
Bloomberg
Policy risk
Another risk cited in Davos is that central
banks tighten monetary policy too aggres-
sively. That’s becoming less of a threat given
Federal Reserve chairman Jerome Powell
has indicated a willingness to be more pa-
tient after raising interest rates four times
last year.
In the major economies there’s a “rea-
sonable chance” that the reaction to fading
growth will once again be looser monetary
policy and fiscal policy than “what is now
discounted in markets”, said Ray Dalio, the
billionaire founder of hedge fund Bridge-
water Associates LLC.
Still, there is concern in Davos that
when the next recession hits, central banks
will not have the scope to react given rates
will likely be lower relative to the eve of
prior slumps.
“What scares me the most longer term
W O R L D E C O N O M I C F O RU M  D AV O S, S W I T Z E R L A N D 
Jet-setting Davos elite fret about climate
BY M AR IE W O LFRO M
THE World Economic Forum (WEF) in Davos
is one of the few places where environmental
activists attend the same events as the private
jet crowd, and get a chance to try to convince
them to change their ways face-to-face.
To come or not to come to the swanky fo-
rum in the Swiss Alps? That is the question
that Greenpeace asks itself each year.
“Coming is not for us a given, because this
is a group of elites who have gotten us into the
lot of messes that we have around the world
right now,” the environmental organisation’s
executive director Jennifer Morgan told AFP.
Last year, US President Donald Trump
came to address the WEF just months after
announcing he would abandon the Paris
climate agreement.
This year, Brazil’s new far-right leader
Jair Bolsonaro — another climate sceptic
— headlined the event, to the chagrin of
NGOs who have warned about the impact
his economic development projects will
have on the Amazon rainforest and indig-
enous peoples.
Despite her misgivings, Morgan is attend-
ing this year’s event alongside the likes of
chimpanzee expert Jane Goodall, veteran
wildlife documentary maker David Attenbor-
ough and former US vice-president Al Gore.
China, Europe follow Brazil’s Bolsonaro onto Davos stage
BY ALEX P IGMAN
CHINA and Europe took centre stage in front
of the world’s business elite at Davos yester-
day, a day after Brazil’s hard-right President
Jair Bolsonaro promised reform and tried
to win over sceptics about his environmen-
tal platform.
The annual World Economic Forum (WEF)
is taking place this week in a global context of
populism and concern for the catastrophic
consequences of climate change.
Arriving by train to Davos yesterday was
Greta Thunberg, a Swedish 16-year-old who
has inspired protests by high-schoolers across
Europe demanding stronger government ac-
tion to fight global warming.
Top billing on the WEF stage will go to
Chinese Vice President Wang Qishan, who is
tasked with negotiating a truce in the US-Chi-
na trade war.
The annual conference in the Alpine ski
resort was originally expected to see the two
sides meet, but that was before the White
is that we have limitations to monetary
policy, which is our most valuable tool, at
the same time as we have greater political
and social antagonism,” said Dalio. “So the
next downturn in the economy worries
me the most.”
UBS Group AG president Axel Weber
said the European Central Bank had al-
ready missed the chance to tighten mon-
etary policy.
As for the US, even with its government
partially shut down, Blackstone CEO Ste-
phen Schwarzman said it will still grow at
least 2.5% this year, avoiding recession.
Unemployment near the lowest in 50
years is a key positive as it fans faster wage
growth.
“I’m not seeing an economic slowdown,”
said David Abney, CEO of United Parcel Ser-
vice Inc. “There is still a healthy increase in
consumer spending.” — Bloomberg
They have their work cut out for them:
from the oil industry to the agrifood business,
there are plenty of executives walking the WEF
halls who have yet to be fully convinced of
the merits of converting to renewable energy
and alternatives to plastic.
But although the Davos elite told a WEF
survey that they are more worried than ever
about climate change, selling them on shift-
ing to a more environmentally-friendly ap-
proach may not be easy, judging from the
record number of private jets chartered for
this year’s event.
The company Air Charter Service forecast
nearly 1,500 private jet flights over the week
to airports near the ski resort.
That is up from more than 1,300 aircraft
movements seen at last year’s forum, indi-
cating the convenience of flying privately
continues to outweigh any concerns about
the outsized carbon footprint it involves.
The WEF meanwhile is trying hard to
“green” its annual event, providing elec-
tric limousines to transport many of the big
names between events, while it strongly rec-
ommends that others bundle up and brave
the icy streets on foot.
All plastic straws have been banned, plates
are made of recyclable cardboard and soda
bottles are all in recyclable glass.
“The Forum is committed to reducing
House cancelled the US delegation’s trip due
to the government shutdown in Washington.
Beyond the trade war, Davos-goers are
also concerned about the economic slow-
down in China.
Economic experts predict growth of about
6% in China for 2019, which is still relatively
strong, but below the country’s stellar rates
of recent years.
Wang will be watched closely to see if Bei-
jing has plans for stimulus or to liberalise the
economy in order to restore ebbing investor
confidence.
The clash between Beijing and Washing-
ton, which is again upsetting the markets, has
dampened spirits at Davos, as signs grow of
a broader slowdown in the world economy.
“This is really the end of happy globalisa-
tion,” said Pascal Cagni, ex-CEO of Apple Eu-
rope and head of the Business France lobby.
“We are finishing digesting the 2008 crisis
and we realise that the global governance we
need is not there,” he said.
Europe also takes its turn at the WEF yester-
FO CU S 17
and compensating for the event’s carbon
footprint,” read signs sprinkled around the
conference area.
And the programme is full of sessions with
titles like Plastic pollution: An End in Sight?
alongside a screening of Attenborough’s doc-
umentary Our Planet.
After years of lobbying, the message is start-
ing to sink in, according to Marco Labertini,
head of environmental group WWF.
“Climate change, extreme weather, floods,
drought, crop failures, over-fishing, deforest-
ation, are all issues that are affecting bottom
lines and businesses.”
“I think all businesses should start doing
something,” Ken Allen, head of DHL Express,
said following a screening of Our Planet,
where dramatic images of icebergs high as
skyscrapers crashing into the sea left many
visibly shaken.
“Nothing can change without legislation,
but it should start with us,” he said, before
heading off to a meeting with an expert on
alternatives to plastic.
Bolsonaro believed environmental and
development policy issues “should go hand-
in-hand”.
Greenpeace’s Morgan was not convinced.
“There is a lot of double-speak going on,”
she said. — AFP
day, with German Chancellor Angela Merkel
making her traditional visit to the forum to
promote the continent’s leading economy.
However, Merkel comes to Davos weak-
ened after being forced out of the leadership
of her CDU party last year. She plans to leave
office by 2020.
The Europeans as a whole come to Davos
under the cloud of Brexit, with Britain’s plan
to divorce from the European Union (EU)
blocked in parliament.
Prime Minister Theresa May pulled out
of the conference to handle Brexit as did the
EU’s chief negotiator Michel Barnier, both
eager to avoid a “no deal” exit on March 29.
But May’s international trade secretary,
Liam Fox, is one of a clutch of cabinet mem-
bers who have made the trip to reassure in-
vestors about Britain’s post-Brexit future.
Japanese Prime Minister Shinzo Abe, after
a recent trip to London to press May to secure
a deal with Brussels, was also due to address
the Davos audience yesterday.
— AFP
18 W O R L D B U S I N E S S
Dyson moves HQ to
Singapore as Asia fuels
electric car dream
Relocation is not due to tax or fears of Brexit — CEO
BY G I L ES TU RN ER
LONDON: Billionaire inventor
James Dyson, an ardent backer of
Brexit, has decided to relocate his
company’s head office to Singapore
in a blow to the UK government.
Dyson Ltd has mushroomed in
recent years, driven by a growing
customer base in Asia. Known for
vacuum cleaners and hand dryers,
the firm has expanded into air pu-
rifiers and hair-care products, and
embarked on a costly project to
build an electric car by 2021.
Jim Rowan, Dyson’s chief exec-
utive officer, said in a call with re-
porters that the move to Singapore
was not due to tax or fears of Brexit,
but to the shift in the importance of
the region to the company.
The announcement comes as
the UK government scrambles to
reassure businesses as uncertain-
ty over Brexit continues. Singapore
does not have a single car-manu-
facturing plant and is one of the
costliest places in the world to buy
an automobile, but is home to the
planet’s second-largest container
port and a manufacturing hub for
high-technology products such as
Rolls Royce Holdings plc aircraft
engines.
Dyson is the latest company to
move its headquarters to the city
state, which has free trade agree-
Ghosn said ready to resign from
Renault with new leaders eyed
BY A N I A NU SSB AU M, KA E INOUE
& WI L L I A M HOROB I N
PARIS/TOKYO: Renault SA is pre-
paring for a shift in leadership, with
chairman and chief executive of-
ficer (CEO) Carlos Ghosn said to
be ready to resign more than two
months after his arrest in Japan for
alleged financial crimes rocked the
world’s biggest car-making alliance.
The French company’s board will
meet today and is expected to ap-
point Michelin chief Jean-Dominiq-
ue Senard as chairman and to make
interim CEO Thierry Bollore’s role
permanent, said a person familiar
with the matter, who asked not to
be identified discussing private
matters.
Renault is negotiating with
Ghosn over the terms of his de-
parture and he is ready to resign
under the right conditions, a person
with knowledge of the talks said.
ments with key trading partners
such as the US and the European
Union. Singapore continues to at-
tract businesses despite high costs
partly because of increasing politi-
cal uncertainty globally, says Song
Seng Wun, an economist at CIMB
Private Banking in Singapore.
“Singapore is a sea of tranquillity
where policies are discussed with
business leaders so you have con-
sistency and clarity,” he said.
Roland Krueger, president of
Infiniti Motor Company Ltd and
a former Nissan Motor Co execu-
tive, is set to join Dyson in April to
oversee the business.
The French state, which is Re-
nault’s most powerful sharehold-
er with a 15% stake and two board
seats, is backing Senard for the
chairman role.
“Senard would be an excellent
chairman of Renault,” Finance Min-
ister Bruno Le Maire said on Tues-
day in an interview on BFM TV. Le
Maire didn’t comment on Bollore.
Renault board members and
Ghosn’s legal team are reviewing
issues, including his non-competi-
tion agreement and pension bene-
fits, people familiar with the matter
said. A spokeswoman for the Ghosn
family declined to comment. Le
Maire said the interim manage-
ment at Renault hadn’t received
a letter of resignation on Tuesday
evening Europe time.
Ghosn, 64, has been held in cus-
tody in Japan since Nov 19, accused
of crimes that could put him behind
bars for decades. The auto titan has
The move to Singapore will not
involve big personnel changes. Row-
an is already based in the city, while
the chief financial officer and chief
legal officer are set to move soon.
The company employs close to 6,000
engineers and scientists, spread
across Asia and its UK campus.
The UK cut its corporation tax
rate to 19% in April 2017, and is
set to reduce it to 17% in 2020. The
current rate of corporate tax in Sin-
gapore is 17%, but there are numer-
ous tax benefits, including plans to
increase tax deductions for com-
panies investing in research and
development. — Bloomberg
been indicted for understating his
income at Nissan Motor Co by tens
of millions of dollars and transfer-
ring personal trading losses to the
carmaker. His latest bail application
was rejected on Tuesday. Ghosn
has denied wrongdoing.
Already ousted as chairman of
partners Nissan and Mitsubishi
Motors Corp, Ghosn has kept his
posts at Renault and as the head
of the alliance between the three
automakers.
The French company cited the
presumption of innocence in keep-
ing him on while appointing inter-
im leaders.
Now the board is studying
the consequences of dismissing
Ghosn, or of a voluntary departure
should he choose to resign, one of
the people said. A Renault spokes-
man didn’t return a call requesting
comment on the succession. —
Bloomberg
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Each Xiaomi share is worth less
despite US$20m buy-back
BY S O F IA H O RTA E CO S TA
HONG KONG: Xiaomi Corp shares
have only gotten less valuable af-
ter the company repurchased its
stock in the wake of the world’s
worst initial public offering (IPO).
Here’s the mathematics: the
company said it’s bought almost
20 million of its own Class B shares
since Jan 17. However, because
it hasn’t yet cancelled them and
some employees exercised their
stock options at the same time,
the number of those outstanding
shares has actually increased by
about 11.4 million in the peri-
od, according to the filings. That
means investors’ slice of the pie
has shrunk — the opposite of what
normally happens following a
buyback.
Dilution — or dividing the
company into more pieces —
Philippine central bank chief takes
indefinite medical leave
BY S I EG F R ID A L EG A D O
MANILA: The Philippine central
bank said governor Nestor Espe-
nilla (pic), who was on two weeks
of medical leave, has extended
his time off indefinitely.
Deputy governor Chuchi Fona-
cier was named officer-in-charge
to take over his duties while he is
away, the corporate affairs office
of Bangko Sentral ng Pilipinas
said on Tuesday.
Espenilla, 60, was diagnosed
with tongue cancer in 2017 and
has been taking intermittent time
off from work for medical treat-
ment and care. He took office as
governor in July 2017, delivering
five interest rate hikes last year to
fight inflation.
Policymakers are scheduled to
make their first interest rate deci-
sion of the year on Feb 7. They left
the benchmark rate unchanged
at 4.75% in December, forecast-
ing a sharp slowdown in inflation
in 2019.
“I do not expect a change in
policy direction from the BSP
from Governor Espenilla’s leave
Philippine Airlines owner’s shares
surge 33% on ANA report
BY C EC IL IA YA P
MANILA: Philippine Airlines
Inc’s largest shareholder jumped
the most in more than two years
after the Nikkei reported ANA
Holdings Inc is considering in-
vesting in the Southeast Asian
carrier.
ANA, Japan’s biggest airline,
is considering purchasing 10%
of Philippine Airlines for ¥10 bil-
lion (RM376.7 million), the Nik-
kei reported on Tuesday. PAL
Holdings Inc, which owns most
of Philippine Airlines, rose as
much as 33% in Manila trading
yesterday, the biggest intraday
gain since July 2016.
Philippine Airlines remains in
talks with potential investors and
a deal may happen in the first half
could also reduce Xiaomi’s earn-
ings per share unless it cancels
some repurchased shares. The
Chinese smartphone maker still
has almost two months to buy
back stock before a blackout pe-
riod typically enforced two weeks
prior to earnings, expected in late
March.
Billions of Xiaomi shares were
unlocked for sale this month af-
ter the six-month lockup period
that followed the company’s de-
but expired. That enabled many
shareholders to join the selling,
sending the stock to a record low
on Jan 16. Xiaomi fell as much as
1.1% yesterday, before paring the
drop to trade little changed.
The stock lost about 30% in the
six months that followed its Hong
Kong debut, the city’s worst-per-
forming IPO with a value of at
least US$3 billion. — Bloomberg
BLOOMBERG
of absence,” said Eugenia Vic-
torino, head of Asia strategy at
Skandinaviska Enskilda Bank-
en AB in Singapore. “Inflation is
already off its peak and oil price
gains are muted. We expect BSP
to remain on the sidelines and
remain vigilant to a resumption
in volatility.”
The peso rose for the first time
in six days, gaining 0.3% to 52.75
against the US dollar at the noon
trading break in Manila yesterday.
— Bloomberg
of the year, PAL president Jaime
Bautista said by phone, adding he
could neither confirm nor deny
the report, citing confidentiality
agreements signed with parties.
ANA didn’t immediately re-
spond to an email seeking com-
ment.
An investment in PAL, con-
trolled by billionaire Lucio Tan,
would provide Philippine Airlines
with funds to expand in a market
where a rash of low-cost carriers
have encouraged more people
to fly for business and leisure in
the past decade. ANA has been
looking to enhance its footprint
in the region after decades of
near duopoly in Japan, where
an ageing population threatens
to reduce the number of air trav-
ellers. — Bloomberg
20 WORLD
UK parliament moves
closer to stopping
a no-deal Brexit
Labour’s McDonnell says party likely to back Cooper delay plan
BY T I M ROSS
LONDON: The UK parliament is
moving closer to a plan to delay Brexit
in order to stop the country dropping
out of the European Union (EU) with
no deal and avoid the risk of an eco-
nomically damaging divorce.
The main opposition Labour
Party is now increasingly likely to
support a proposal to extend the
March 29 exit day deadline, if Prime
Minister Theresa May fails to ne-
gotiate a divorce agreement, said
John McDonnell, the party’s chief
finance spokesman.
McDonnell described the pro-
posal as a “sensible” way to avoid
the upheaval of a disastrous no-
deal Brexit. “I actually do believe
that we are facing, with a no-deal,
potentially quite catastrophic con-
US Senate to vote on ending govt
shutdown, Trump wall impasse
BY R I C H ARD COWA N & JEF F M ASON
WASHINGTON: The US Senate
shifted slightly closer on Tuesday
to resolving a month-long partial
government shutdown, but there
was no sign of relief anytime soon
for 800,000 federal workers who are
furloughed or working without pay.
Republican Senate majority
leader Mitch McConnell laid the
groundwork for a vote today on
a Democratic proposal to fund
the government for three weeks,
without attaching the US$5.7 bil-
lion (RM23.6 billion) in US-Mexico
border wall funding demanded by
President Donald Trump. The presi-
dent has opposed similar legislation
White House denies reports of cancelled trade meeting
WASHINGTON: The White House
on Tuesday said high-level trade
talks with Beijing were proceed-
ing uninterrupted, quickly rebut-
ting media reports that progress
towards resolving their trade war
had faltered.
Chinese Vice Premier Liu He
is to meet his US counterparts in
Washington next week as the two
sides work to resolve their trade
disagreements by March 1, when
a 90-day truce is due to expire, al-
lowing US import duties on Chinese
goods to increase sharply.
Washington and Beijing im-
posed tit-for-tat tariffs on more
sequences for people’s living stand-
ards — that’s why we have said
we’ve got to avoid it,” he told the
BBC’s Newsnight TV programme.
“I think there’s a majority in parlia-
ment for avoiding no deal.”
If Labour does support the pro-
posal — put forward by lawmakers
including Yvette Cooper, a former
minister — it is far more likely to win
enough backing to be passed. That
would force May’s hand and ensure
she cannot take Britain out of the EU
without a deal in nine weeks’ time.
Brexit is at an impasse, with
members of parliament over-
whelmingly opposed to the divorce
agreement May has negotiated with
the EU, and time running short for
delivering an orderly separation.
Last week, May’s deal was reject-
ed in the biggest defeat suffered by a
in the House of Representatives.
McConnell had said previously
he would not consider a funding bill
that Trump would refuse to sign.
The Senate leader said he would
also bring up for a vote today a pro-
posal by Trump to end the shutdown
that includes border wall funding and
relief for “Dreamers”, people brought
illegally to the US as children. The
plan was unlikely to pass in the Senate
and had even less chance in the Dem-
ocratic-led House of Representatives.
Democrats have said they would
not trade a temporary restoration of
the immigrants’ protections from
deportation in return for a per-
manent border wall they view as
ineffective. In 2017, Trump moved
than US$360 billion (RM1.49 tril-
lion) worth of goods in two-way
trade last year. Trump initiated the
trade war because of complaints
over unfair Chinese trade practic-
es — concerns shared by the Eu-
ropean Union, Japan and others.
The Financial Times and CNBC
both reported on Tuesday that Wash-
ington had cancelled a preliminary
meeting set for this week ahead of
Liu’s visit. American officials had re-
portedly cited a lack of progress on
the most difficult issues in the trade
dispute — including allegedly forced
technology transfers and far-reaching
structural reforms to China’s economy.
British government in the House of
Commons in recent history. In the
week since she lost the vote, May
has tried — and so far failed — to
reach a cross-party consensus on
the way forward.
With the prospect of any signifi-
cant alterations to the deal seeming
unlikely, members of the British
parliament are taking matters into
their own hands.
Labour’s Cooper has joined forc-
es with senior politicians in May’s
Conservative Party to put forward
a plan that would potentially force
the premier to seek to delay Brexit
by applying to extend the EU exit
procedure. With Labour’s official
support, such a plan will have a
good chance of success if, as ex-
pected, it is debated and voted on
next week. — Bloomberg
to end the Dreamers’ protections,
triggering a court battle.
But the Senate action could set
the stage for the type of bipartisan
negotiating that will be necessary to
end a shutdown that began on Dec
22. Americans have largely blamed
Trump for the shutdown, now the
longest in US history.
Affected federal workers are
struggling to make ends meet.
As the Senate debates Trump’s
proposal, House Democrats this
week are pushing legislation that
would end the partial shutdown of
agencies including the departments
of justice, homeland security, ag-
riculture, commerce, labour and
interior. — Reuters
The reports sent Wall Street even
further into the red. US stocks had
already opened lower on down-
graded forecasts for global eco-
nomic growth.
But, shortly before the close of
trading in New York, top White
House economic aide Larry Kud-
low flatly denied the reports during
an appearance on CNBC. “With
respect, the story is not true,” he
said. “There was never a planned
meeting that was cancelled.”
Stock prices recovered some of
their losses following his remarks
but still finished substantially lower
for the day. — AFP
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Thai royal decree confirms
election to be held in 2019
BY AN UC H IT N G UY E N
BANGKOK: A royal decree was is-
sued in Thailand calling for a gen-
eral election in 2019 after more
than four years of military rule.
The decree was posted on the
Royal Gazette website yesterday.
The Election Commission now
has five days to specify the ex-
act date for the vote, amid spec-
ulation that the poll could be in
March after the junta signalled a
possible delay to an earlier plan
to hold the election on Feb 24.
The military government over
the years repeatedly pushed back
the election timeline, after seizing
power in 2014 following a period
of unrest and sometimes bloody
street demonstrations. Confirma-
tion of the vote puts the spotlight
back on political risk in Thailand,
which has a history of polls fol-
Cambodia faces next trade-sanction
move by the EU — sources
BY J O N AT H A N S T E A R N S
BRUSSELS: The European Union
(EU) moved closer to imposing
trade sanctions against Cambodia
as a result of alleged human-rights
violations in the country.
The European Commission in
Brussels has asked EU national
governments to give the green
light by Jan 29 for suspending a
policy that lets Cambodia export
lowed by protests and coups.
The issue of the decree sparked a
rally in Thai stocks, with the bench-
mark SET index rising as much as 1% to
the highest level since mid-December.
“The announcement was a knee-
jerk boost to market sentiment after
a long wait for some clarity on the
election,” said Poramet Tongbua, a
strategist at Bualuang Securities Pcl
in Bangkok. “But any further gains
will be limited as there’s uncertainty
about the outcome of the vote. The
stability of the next government
may be the main worry.”
The Election Commission was to
meet later yesterday to discuss the
election date, its secretary-general
Jarungwit Phumma said.
The junta in December lifted
restrictions on political gatherings
ahead of the expected poll. The
military-backed charter requires
an election by May 9. — Bloomberg
all goods except weapons duty-free
and quota-free to the bloc, accord-
ing to two officials familiar with the
matter. They spoke on the condition
of anonymity because the deliber-
ations are private.
The EU is trying to prod changes
in the political behaviour of strong-
man Cambodian Prime Minister
Hun Sen while being wary of dam-
aging the country’s economy. —
Bloomberg
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
F E AT U R E 2 1

At Alibaba’s futuristic hotel, robots

deliver towels and mix cocktails
FlyZoo is an incubator for technology targeting the hotel industry
BY CAT E C A D EL L technology developments, and then

G
liding silently through
Alibaba Group Hold-
ing Ltd’s futuris-
tic “FlyZoo” hotel,
black disc-shaped
robots about a me-
tre in height deliver food and drop
off fresh towels.
The robots are part of a suite of
high-tech tools that Alibaba says
drastically cuts the hotel’s cost of
human labour and eliminates the
need for guests to interact with oth-
er people.
Formally opened to the public
last month, the 290-room FlyZoo is
an incubator for technology Alibaba
wants to sell to the hotel industry
in the future and an opportunity
to showcase its prowess in artificial
intelligence (AI).
It is also an experiment that tests
consumer comfort levels with un-
manned commerce in China — a
country where intrusive data-shar-
ing technology is readily tolerated
and often met with enthusiasm.
“It’s all about the efficiency of
the service and the consistency of
service, because the robots are not
disturbed by human moods. Some-
times, we say we are not in the mood,
but the system and the robot will
always be in the mood,” said Andy
Wang, CEO of Alibaba Future Hotel
Management, the unit that oversees
the hotel project.
Inside the hotel, softly-lit white
panelled walls bring to mind the
interiors of Hollywood spaceships.
Guests check in at podiums that
scan their faces, as well as passports
A staff member walks
in the hallway during
a demonstration to the
media. Photo by Reuters
or other ID. Visitors with a Chinese
national ID can scan their faces us-
ing their smartphones to check in
ahead of time.
Elevators scan guests’ faces again
to verify which floor they can access
and hotel room doors are opened
with another face scan.
“It’s very quick and safe. I hav-
en’t used it for a long time yet, but
basically, I can be in my room in
one minute,” said guest Tracy Li.
Li added that safety was one of her
priorities and she was pleased her
room could only be entered with a
scan of her face.
In the rooms, Alibaba’s voice
command technology is used to
change the temperature, close the
curtains, adjust the lighting and
order room service.
At the hotel’s restaurant, taller
capsule-shaped robots deliver food
that guests have ordered via the Fly-
Zoo app while at a separate bar, a
large robotic arm can mix more than
20 different types of cocktails. Facial
recognition cameras add charges to
the room rate automatically.
To check out, guests press a
button on the app after which the
room locks and they are automat-
ically charged through Alibaba’s
online wallet. Once this is done, the
guests’ facial scan data is immedi-
ately erased from Alibaba’s systems,
said Wang.
Celebrating ‘the empty’
FlyZoo — whose name derives from
a pun in Chinese for ‘it’s a must to
stay here’ — is located in the city
of Hangzhou, 170km southwest of
Shanghai, and is within walking
distance of Alibaba’s headquarters.
Room fees start from 1,390 renminbi
(RM849) a night.
It does employ humans, though
Alibaba declined to specify how
many. These include chefs and
cleaners as well as reception staff,
who will assist with conventional
check-in procedures for guests un-
willing to have their faces scanned
and want to use electronic key cards.
However, advanced technolo-
gy involving personal data — in-
cluding facial recognition — has
become increasingly common in
China, where regulation is minimal
and the government has rolled out
public surveillance projects that use
biometric data.
“For Chinese consumers, there’s
this real glee in having exposure
to things that seem like futuristic
beyond that, I think there’s a much
greater comfort level with data shar-
ing,” said Mark Natkin, managing
director at Beijing-based technology
consulting firm, Marbridge Con-
sulting.
Alibaba has launched other high-
ly automated projects for book stores
and grocery stores.
Though most projects are not
necessarily intended to be spring-
boards to big forays in those indus-
tries, its grocery stores called Hema
have been well-received and now
number about 100 nationwide.
The aim of such projects is two-
fold — develop AI and other high-
tech expertise which will propel
Alibaba’s e-commerce offerings for-
ward, as well as develop new areas
of business at a time when e-com-
merce revenue growth rates are
slowing, in part due to the US-China
trade war.
Alibaba intends to build some
other hotels but they will primarily
be used by company staff on busi-
ness trips to head offices in Beijing
and Shanghai.
Wang also acknowledged that
FlyZoo still had plenty of issues that
needed upgrading. Some of its ser-
vices, for example, only worked for
guests with a Chinese national ID.
But he said the initial reception
from guests was encouraging.
“When they experience the robot
and the voice butlers, they say ‘wow!’.
When they enter into the lobby they
say ‘wow!’,” said Wang. “It’s such a
different lobby. It’s empty — but
maybe it’s the kind of empty of the
future.” — Reuters

Hunt for real estate bargains goes beyond London’s city centre
BY BEN STUPPLES & JACK SIDDERS
BEACON House is not everyone’s
idea of prime office space. Howev-
er, the four-story, red-brick build-
ing an hour’s drive from the city’s
glass-panelled towers is a discrete
example of how wealthy families are
looking further afield for returns in
a crowded real estate market.
The southwest London proper-
ty is among eight on the website of
Riverton Capital Holding, the UK
investment arm of a Bahrain fam-
ily who made their fortune in the
auto industry.
Their portfolio’s growing focus
outside of London’s core commercial
property market typifies how private
wealth is far from just rich families
investing in low-yield, value-hold-
ing real estate in the priciest parts of
major cities. Beacon House, bought
for £5.8 million (RM31 million) in
late 2017, is located in the Wimble-
don district, where prime rents have
grown faster over the past five years property spending in the city this 55% more two years later, accord- family offices’ portfolios on average,
than the city’s office market. decade, according to data compiled ing to the UK Land Registry and according to Campden Wealth and
“There are some regional es- by broker Knight Frank. Elsewhere, online database Nethouseprices. UBS Group AG. That’s more than
tate agents that don’t reach any CBRE Group Inc cites Dallas and com. Momentum’s site, meanwhile, the 10% for institutional investors
institutional investors,” said Tobi- Philadelphia within a cluster of highlights a “step further on the cited in research last year from Cor-
as Poensgen, chief executive of- second-tier US cities that have seen risk spectrum” for assets that may nell University and Hodes Weill &
ficer of Momentum Capital Ltd, a demand spike from bigger overseas need significant redevelopment. Associates LP.
London-based direct investment buyers. Investors in Australia’s of- Growth potential is Riverton’s Norway’s sovereign wealth fund
vehicle for a single-family office. fice market similarly moved beyond priority, according to asset and has an even smaller percentage of
“And you can make some really city centres last year, according to development manager Rupert De- its portfolio invested in unlisted real
great trades there.” rival firm Savills. haene-Gold. Infrastructure projects estate — yet it still plunked down
Even with the British pound “There tends to be a misunder- like Crossrail, a railway under con- more than US$1 billion on buildings
bruised by Brexit, high prices are standing that ultra-high-net worth struction to link towns more than in central Paris last year. For now,
pushing property investors beyond investors focus on trophy assets,” 48km from London’s Square Mile that concentration of institution-
big cities’ core markets. However, said Alex James, a London-based “are very important to us,” he said. al capital in city centres will keep
opportunities are often too small associate partner on Knight Frank’s Property prices along the train line pushing investors like Momentum
for pension funds and other insti- private-client team. “Family offices are rising faster than in other parts beyond core markets in the months
tutional investors. Wealthy families don’t mind going up the risk scale of the UK, according to CBRE. ahead, especially as foreign inves-
and private investors such as River- where they see rental growth and Poensgen and Dehaene-Gold tors exploit the drop in the British
ton and Momentum, though, have assets to reposition.” made their comments in a panel pound since the UK’s 2016 vote to
been increasingly taking advantage. Momentum and Riverton both discussion hosted by Family Of- leave the European Union.
aim to boost their properties’ values fice Real Estate Advisers, a Lon- “We need to find properties
Dallas, Philadelphia through refurbishment or develop- don-based network for property where we think we can add the
In the past two years, assets outside ment. Examples include a central professionals and ultra-high-net value,” Poensgen said. “It’s very
central London account for the London office that Riverton bought worth investors. Direct real estate difficult to do that in London.” —
highest share of private investors’ for £4.2 million in 2015 and sold for investments account for 17% of Bloomberg
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
WATCH The Escape Room, a movie following
six strangers who are forced to use their
wits to survive when they end up in circum-
stances that are beyond their control. For
further information, visit cinema.com.my.
ENJOY The Great Alone by Hannah Kristin, a
book filled with family dynamics, heartbreak
and mostly importantly, hope that is sure to
pull your heartstrings along with being set
against the beauty of the Alaskan wilderness.
For RM79.90, grab a copy today at malaysia.
kinokuniya.com.
FEELING low on energy as
of late? This pocket-sized
roll on aromatherapy
blend is the perfect pick-
me-up when you need a
boost of energy. The blend
of rosemary, lavender,
geranium and grapefruit
is sure to lift spirits. For
RM80, treat yourself to one
today at nealsyardreme-
dies.com.my.
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
PHOTOS BY BLOOMBERG
2020 FORD SHELBY GT500
The Ford Shelby GT500 is the most powerful vehicle Ford has ever made. This highly tuned Mustang comes with a supercharged, 5.2-litre V8 engine and
more than 700 horsepower (hp). The new, seven-speed, dual-clutch gearbox gives it split-second shifting power for zero-60mph (96.6kph) sprint times of
just over three seconds. The new Shelby also boasts a redesigned grille, a large black vent in the hood, glossy, black 20-inch (50.8cm) wheels, and paint
options such as “Twister Orange Metallic”, “Red Hot Metallic” and “Grabber Lime”. An optional aero kit adds an adjustable carbon-fibre spoiler and a new
front air dam to make the car look even meaner.
SHORTLIST OF THE
DETROIT AUTO SHOW
The exposition in
Motor City leans heavily
on trucks and SUVs
BY H ANNAH E LLI OTT
I
f you hope to see traditional
four-door sedans on display at
the North American Internation-
al Auto Show in Detroit, which
opened to the public on Jan 19
(and runs till Jan 27), prepare to
be disappointed.
Where sedans used to dominate, now
trucks and sport utility vehicles (SUVs)
roar, with the occasional legacy sports
coupe thrown into the mix. The shift co-
incides with reports of factory closures
and shift reductions and with a general
expectation from analysts and car exec-
utives alike that American carmakers INFINITI QX INSPIRATION
may have hit peak sales in 2018. The Infiniti QX Inspiration concept is the first-ever all-electric vehicle from the Nissan-owned brand.
As Stephanie Brinley, the principal Built around principles of traditional Japanese design, it is meant to look like folded origami paper in
analyst for IHS Markit research, puts the front and have a warmly hospitable, lounge-like feel inside. The steering wheel and foot pedals
it, customers have shifted their atten- retract to allow for automatic driving. But the QX also took the brunt of an embarrassing moment at
tion to utility vehicles, and that means the show: The SUV concept failed to pull forward on cue during its official public debut on Monday
automakers are rethinking how — and afternoon. It remained backstage as designers pressed ahead with their scripted presentation.
whether —they use trade shows in the
first place.
“One thing that has happened over you have news. Otherwise, don’t go. It’s projects —the Ford Shelby GT500 and
the last decade is that automakers have quality over the quantity.” the Toyota Supra — added glitz, though
learnt that the rule of thumb that you just That said, there were several quality not enough to give the 30-year-old show
had to be there to be there isn’t neces- stars at the show this year. They includ- any real glamour.
sarily true,” Brinley said. “You should ed big SUVs from Kia and Cadillac, a Here is our shortlist of stunners we
take the time and energy and be at the powerhouse truck from Ram, and an saw during the press preview in Detroit.
show and have a press conference when electric crossover from Infiniti. Two halo — Bloomberg
 live it! 23
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

2019 RAM HEAVY DUTY

Ram’s biggest variant comes with up to 410hp on a V8 Hemi engine; it can tow more than 35,000
pounds (15,909kg). Inside, there is full leather trim, and outside, six different styles available for the
front grille. Cruise control and emergency braking are standard. Amid talks of stalls and shutdowns
at parent company Fiat Chrysler, Ram is using the expensive new truck to try to win people over
from Chevrolet Silverado territory and protect against Ford’s increasing presence in SUVs. It will hit
showrooms in the US this summer; pricing has yet to be announced.
2020 LEXUS RC F TRACK EDITION
The 2020 RC F Track Edition will squeeze more power from its V8 engine than the 467hp by the current
version of the RC F, likely making it the most powerful Lexus available (excepting the brand’s LFA halo
car). It is 176 pounds lighter than the predecessor, thanks to massive amounts of carbon fibre used in
the body kit, and it has 19-inch forged alloy wheels. Quantities are limited, though Lexus has yet to
say how many it will make.

2020 FORD EXPLORER HYBRID

The 2020 Ford Explorer is Ford’s way of consolidating power against Toyota, Honda, and Chevrolet as it
drops manufacturing sedans and ramps up on truck- and SUV-related efforts. The model line’s first redo
in 10 years offers modern technology such as 4G connectivity, Wi-Fi, and a 14-speaker 900-watt sound
system. Under the hood, it has a new 10-speed transmission paired with seven driving modes and three
optional powertrains, including the hybrid version seen here. The new design will cost US$400 (RM1,656)
more than the outgoing model, starting around US$34,000, when it hits dealerships this summer.
2020 KIA TELLURIDE
The 2020 Kia Telluride is the seventh in Kia’s line-up as it joins the rush of automakers trying to offer
more sport utility models to entice buyers who have lost interest in traditional sedans. It comes with
up to eight seats available and a 3.8-litre V6 engine, making it bigger than the Kia Sorento, which also
has three rows. All-wheel drive and self-leveling suspension are optional. Sales will start in May.

NISSAN IMS CONCEPT 2020 CADILLAC XT6

The Nissan IMs electric concept was one of the few sport sedans on display this year in Detroit. Like the Infiniti
QX, it is only a design study, so it is very far from ever heading to production. Still, it gives an idea of where
Nissan may take its electric sedan business in the near future. It includes such things as built-in augmented
reality in the windshield, two layers of screen controls in the cockpit, and a “premier” seat in the middle of the
rear, with an ottoman to boot. It is flanked by a pair of side seats that can be folded up when not in use.
The Cadillac XT6 will be a second model in the Cadillac line-up to have a third row of seats. It is
smaller than an Expedition but larger than all the other Cadillac SUVs and comes with ample luxury
accoutrements, including fine-grain woods inside, captain’s chairs, premium leathers and an air ioniser.
Cadillac will use it to lure luxury buyers from choosing Audis, BMWs and Mercedes-Benzes — before it
makes an all-electric SUV priced to undercut the Tesla Model X, that is. Sales start in spring 2019.

2020 TOYOTA SUPRA

Akio Toyoda, president of Toyota
Motor Corp, spoke during the
debut of the 2020 Toyota Supra
— which still managed to be
the most exciting unveiling of
the show, despite multiple leaks
on blogs and social media. The
continuation car of the Supra
that held car fans’ imaginations
in the 1980s and 1990s is
built with many components
borrowed from BMW’s tiny Z4.
The modern two-door coupe is
the first the company has sold
in the US in 21 years. Prices
start at US$50,000.
2 4 S P O RT S
Serena ousted by Pliskova
Djokovic cruises into Australian Open semi-finals
BY M A RT I N PA RRY
MELBOURNE: Serena Williams’ bid
for a record-equalling 24th Grand
Slam title was brought to a halt in
sensational style at the Australian
Open yesterday by Karolina Plisk-
ova, and fellow former champion
Novak Djokovic cruised into the
semi-finals.
The American great had beaten
world No 1 Simona Halep in the
fourth round but folded against
the tall Czech seventh seed, who
saved four match points before
winning 6-4, 4-6, 7-5 under the hot
Melbourne sun.
Her reward is a clash against Ja-
pan’s Naomi Osaka for a place in
the final, after the Japanese fourth
seed brutally swatted aside the in-
jured Elina Svitolina 6-4, 6-1.
World No 1 Djokovic enjoyed
an early night when courageous
Kei Nishikori retired with a thigh
strain when losing 6-1, 4-1 after
going through three five-set epics
during the tournament.
It kept the Serb’s bid for a re-
cord seventh Australian title on
track and he will now meet French
South Korea through to Asian Cup quarter-finals
Search resumes for Cardiff striker Sala as final message emerges
BY N I C K MCAVA NEY
& F R ED ERI C H A PPE
ST PETER PORT/NANTES: The
search resumed yesterday for a
missing plane carrying Cardiff City’s
record new signing Emiliano Sala,
as it emerged the Argentine strik-
er had sent relatives a desperate
message shortly before the light
aircraft disappeared over the Eng-
lish Channel.
Floating objects have been found
in the water, and police on the Brit-
ish island of Guernsey, which sits
off the north coast of France, have
28th seed Lucas Pouille, who
beat power-serving Canadian
Milos Raonic 7-6 (7/4), 6-3,
6-7 (2/7), 6-4 to make his first
Slam semi.
It was a gut-wrenching defeat for
Williams, who battled back from
a set down and was leading 5-1 in
the third and serving for the match,
only to throw it away with some
wild shots as frustrations bubbled
to the surface.
“There’s nothing I did wrong on
those match points. I stayed aggres-
sive. She just literally hit the lines
on some of them,” said the dumb-
founded 37-year-old, who rolled
an ankle but refused to blame it
for the defeat.
Since returning last year from
giving birth, Williams has made
four unsuccessful attempts to
match Margaret Court’s long-time
standing 24 Grand Slam titles, and
the wait continues with the French
Open in May her next chance.
“The big picture for me is always
winning,” she added. “I’m not go-
ing to sit here and lie about that. It
hasn’t happened yet, but I feel like
it’s going to happen.”— AFP
warned the chances of the passen-
gers surviving are “slim”.
As the air search resumed, Ar-
gentine media reported that Sala
sent a final message before the
plane disappeared from radar
around 20km north of Guernsey
on Monday night.
“I’m on a plane that looks like it’s
going to fall apart, and I’m leaving
for Cardiff,” the 28-year-old said in
a WhatsApp audio message.
“If in an hour-and-a-half you
have no news from me, I don’t
know if they will send people to
look for me, because they will not
Pliskova serving the ball
to Williams during their
Australian Open women’s
singles quarter-final match
in Melbourne, Australia
yesterday. Photo by
Reuters
BY C HRI S TI AN RADNE DG E
DUBAI: Kim Jin-su’s extra-time
header took South Korea past a
stubborn Bahrain and into the
quarter-finals of the Asian Cup
on Tuesday as Paulo Bento’s side
sealed a 2-1 win at Dubai’s Rashid
Stadium.
The goal, scored in stoppage
time of the first period of extra
time, earned Korea a barely de-
South Korea’s Son Heung-min
(centre) dribbling the ball while under
pressure from Bahrain’s Ali Madan
(left) during the 2019 Asian Cup
round-of-16 match between South
Korea and Bahrain at the Rashid
Stadium in Dubai, the United Arab
Emirates on Tuesday. Photo by AFP
find me, you know ... I’m so scared,”
he added.
Sala, who signed with the Pre-
mier League club on Saturday from
French Ligue 1 club Nantes for a
reported fee of €17 million (RM80
million), was flying to Cardiff on a
single-engine Piper PA-46 Malibu
aircraft.
A 15-hour search on Tuesday
covering 3,000 sq km in the Eng-
lish Channel spotted “a number
of floating objects in the water”,
Guernsey police said.
Yesterday, they said two planes
had resumed searching a targeted
T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
served win after Bahrain’s Mo-
hamed Al Romaihi had earlier
cancelled out Hwang Hee-chan’s
opener to take the game beyond
90 minutes.
Bento’s side will now face either
Qatar or Iraq in the last eight as the
Koreans seek to win the title for the
first time since 1960.
“The performance today (Tues-
day) maybe wasn’t so good as it was
in the previous games,” said Bento.
“What happened was that we
made a lot of easy mistakes, easy
connections, easy passes and we
lost the ball easily.
“Without the pressure of the op-
ponent, the game became worse
for us and easy for the opponents.
“We should be more effective
in the way that we make our build-
up.” — Reuters
area, including around the nearby
island of Alderney, based on the
theory that the plane might have
landed on water and the occupants
got into a life raft that was on board.
In Sala’s Argentinian hometown
of Progreso, his father Horacio told
the press that as “the hours go by
and I don’t know anything, it makes
me fear the worst”.
Daniel Ribero, president of the
San Martin Athletic Club in the
town, told AFP: “These are hours
of uncertainty, of much pain and
much sadness, waiting for the good
news that he is alive.”— AFP
IN BRIEF
PSG fined €100,000
over ethnic origin
recruitment policy
PARIS: French football cham-
pions Paris St Germain (PSG)
have been fined €100,000
(RM470,410) after the club’s
scouts had for years listed the
ethnic origins of young recruits,
the French League (LFP) said
on Tuesday. The league’s dis-
ciplinary commission made
the ruling after hearing from
former officials involved in the
recruitment between 2013 and
2018 and PSG general manager
Jean-Claude Blanc, who was
not sanctioned, the LFP state-
ment said. Blanc has been at
the Ligue 1 club since 2011 but
PSG have previously said the
club’s general management did
not know there was an ethnic
registration system in a recruit-
ment department. — Reuters
Becker urges Murray
to consider surgery
to prolong career
BENGALURU: Former world No
1 and triple Grand Slam champi-
on Andy Murray could have last-
ing regrets if he retires through
injury and must consider sur-
gery to end his career on his
own terms, German great Boris
Becker has said. “I really wish
he’s not forced [to retire] be-
cause of an injury, I think that’s
the worst for an athlete,” six-time
Grand Slam winner Becker, who
is working as an analyst for Eu-
rosport at Melbourne, said. “If
there’s a possibility medically
to get better so he can finish on
his own terms, it’s vital for him
and maybe the rest of his life.
Because you’ll have a big chip
on your shoulder.” — Reuters
China’s Zhou Guanyu
joins Renault as F1
development driver
LONDON: Chinese teenager
Zhou Guanyu has joined the
Renault Formula One (F1)
team as a development driv-
er and academy member, they
announced on Tuesday. The
19-year-old, who will compete
in the F2 feeder series this year,
was previously part of Ferrari’s
young driver academy — the
first mainland Chinese driver
selected by the Italian team. “I
know the significance of Renault
in China, so I’m especially proud
to represent both Renault, as a
brand, and China in the racing
world,” said Zhou, who won two
races in last season’s European
F3 championship. — Reuters
Tiger Woods plans to
make use of new flag rule
LOS ANGELES: Tiger Woods
plans to take advantage of a
new rule that allows players to
leave the flag in the hole while
putting, the former world No
1 said ahead of his first start
of the season at Torrey Pines
this week. “Some of the putts
where the hole is kind of vis-
ible as it comes up over a rise
... it would be nice to have a
reference point so I’ll proba-
bly leave it in for those kinds
of putts,” he told reporters on
Tuesday. — Reuters
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.842 0.495 0.550 0.545 8966 PRLEXUS 0.545 -0.005 69 0.549 13.87 2.75 98.3
Sectorial Movement 0.315 0.220 0.235
1.010 0.686 0.750
0.230
0.725
0186
7134
PTRANS
PWF
0.230
0.750
-0.005
0.010
5398.9
162.2
0.230 8.39
0.729 10.93
4.13
4.00
327.2
130.5
1.653 0.920 1.470 1.450 7237 PWROOT 1.450 -0.010 35.7 1.458 44.34 4.07 583.3
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 7.630 4.244 6.900 6.850 7084 QL 6.900 UNCH 1123 6.893 53.65 0.65 11,194.8
FBM KLCI 1,688.14 -13.98 -0.82 CONSTRUCTION 171.49 -2.84 -1.63 0.585 0.340 0.415 0.410 9946 REX 0.415 UNCH 4 0.413 — — 102.3
0.265 0.180 0.230 0.220 0037 RGB 0.230 0.005 3997.5 0.228 10.70 2.65 354.0
FBM ACE 4,443.78 2.06 0.05 CONSUMER PRODUCTS & SERVICES 670.85 -3.66 -0.54 0.880 0.678 0.730 0.730 5278 RHONEMA 0.730 UNCH 29 0.730 11.74 4.48 133.3
FBM TOP 100 11,546.88 -80.62 -0.69 ENERGY 880.78 -5.59 -0.63 1.110 0.350 0.405 0.400 0183 SALUTE 0.405 -0.005 305.7 0.405 21.66 5.93 157.1
FBM EMAS 11,662.72 -78.54 -0.67 FINANCIAL SERVICES 17,517.76 -107.66 -0.61 0.445 0.115 0.365 0.360 9113 SANBUMI 0.360 -0.005 1375.3 0.362 — — 89.6
0.625 0.200 0.250 0.225 5252 SASBADI 0.230 0.015 9713.5 0.239 46.94 2.91 96.4
FBM MID 70 13,695.43 -33.21 -0.24 HEALTH CARE 1,256.68 -0.16 -0.01 0.675 0.577 0.645 0.640 9792 SEG 0.645 0.005 25.4 0.643 17.97 4.26 815.6
FBM MIDS CAP 12,659.57 -26.34 -0.21 INDUSTRIAL PRODUCTS & SERVICES 161.28 -1.76 -1.08 1.570 1.250 1.440 1.390 5250 SEM 1.440 0.010 625.3 1.435 29.75 1.88 1,776.1
FBM SMALL CAP 12,119.70 -18.13 -0.15 PLANTATION 7,248.51 5.72 0.08 0.700 0.480 0.560 0.555 7180 SERNKOU 0.560 UNCH 77.6 0.558 14.93 — 134.4
6.336 4.581 5.730 5.700 5517 SHANG 5.730 UNCH 223 5.700 31.16 2.62 2,521.2
FBM FLEDGLING 14,694.46 -35.73 -0.24 PROPERTY 927.45 -0.25 -0.03 1.230 0.470 0.510 0.500 7412 SHH 0.500 0.010 8 0.504 — 10.00 25.0
FTSE4GOOD BURSA M’SIA 943.82 -6.01 -0.63 REAL ESTATE INVESTMENT TRUSTS 961.28 10.81 1.14 0.673 0.315 0.375 0.365 7246 SIGN 0.375 0.005 220.7 0.373 14.04 4.00 90.1
FBM PALM OIL PLANTATION MYR 12,878.36 279.69 2.22 TECHNOLOGY 29.63 0.01 0.03 2.969 2.040 2.310 2.250 4197 SIME 2.280 -0.020 5047.9 2.274 26.98 2.63 15,505.9
0.640 0.200 0.285 0.285 8532 SINOTOP 0.285 UNCH 0.2 0.285 28.50 — 112.5
FBM EMAS SHARIAH 11,575.45 -67.45 -0.58 TELECOMMUNICATION & MEDIA 633.92 0.58 0.09 0.418 0.105 0.135 0.130 9776 SMCAP 0.135 0.005 11.7 0.132 0.83 — 28.9
FBM HIJRAH SHARIAH 13,190.03 -79.49 -0.60 TRANSPORTATION & LOGISTICS 760.04 -1.90 -0.25 0.320 0.225 — — 7943 SNC 0.270 — — — — — 17.8
0.370 0.290 — — 5242 SOLID 0.320 — — — 54.24 0.63 125.5
FBM MIDS CAP SHARIAH 12,127.09 -10.50 -0.09 UTILITIES 959.22 -5.18 -0.54
2.460 2.040 2.130 2.130 7103 SPRITZER 2.130 UNCH 5 2.130 15.50 2.58 447.3
2.488 1.920 — — 9865 SUIWAH 2.180 — — — 11.36 0.46 133.0
0.660 0.600 — — 0301 SUPREME 0.660 — — — 19.53 — 79.2
Bursa Malaysia Main Market 1.051 0.590 0.680
0.354 0.197 0.220
0.430 0.280 —
0.650
0.220
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.680
0.220
0.290
0.025
-0.005
—
8.6
152.3
—
0.661
0.220
—
—
—
—
—
5.68
—
124.0
136.2
23.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.877 1.330 — — 4405 TCHONG 1.400 — — — 21.60 2.14 940.8
1.410 0.695 0.780 0.780 7439 TECGUAN 0.780 0.020 2.8 0.780 — — 31.3
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.416 0.220 — — 7200 TEKSENG 0.260 — — — — 7.69 90.5
CONSUMER PRODUCTS & SERVICES 1.073 0.735 1.020 1.010 7252 TEOSENG 1.010 UNCH 284.2 1.014 11.70 — 303.0
1.132 0.700 0.820 0.800 0012 3A 0.810 0.010 31.8 0.804 12.07 2.47 398.5 1.142 0.837 — — 9369 TGL 1.020 — — — 6.94 4.90 41.6
0.450 0.205 0.290 0.280 5238 AAX 0.285 -0.005 12168.6 0.285 — — 1,182.2 0.768 0.475 — — 7230 TOMEI 0.530 — — — 15.59 1.89 73.5
0.490 0.300 0.410 0.400 7120 ACOSTEC 0.405 -0.005 490.4 0.405 — — 78.8 0.420 0.300 0.345 0.310 7176 TPC 0.310 -0.020 0.4 0.336 — — 72.5
2.606 1.390 1.490 1.460 6599 AEON 1.480 -0.010 476.7 1.480 20.90 2.70 2,077.9 6.926 4.200 5.930 5.600 4588 UMW 5.820 0.070 895.8 5.823 13.19 0.86 6,799.5
0.255 0.115 0.145 0.135 7315 AHB 0.145 0.005 25.2 0.137 — — 25.5 2.478 2.080 — — 7757 UPA 2.140 — — — 16.93 3.74 170.3
8.870 4.799 8.450 8.350 7090 AHEALTH 8.350 -0.050 23.4 8.399 17.93 1.56 981.8 1.130 0.750 0.970 0.895 7240 VERTICE 0.930 0.025 722.2 0.931 — — 173.8
3.974 1.997 3.050 2.990 5099 AIRASIA 3.050 0.040 5172.7 3.020 3.64 7.87 10,193.0 1.781 0.995 — — 7203 WANGZNG 1.270 — — — 19.84 3.15 203.2
24.942 17.740 18.620 18.600 2658 AJI 18.620 -0.280 0.6 18.61 19.33 2.50 1,132.1 2.339 1.961 — — 5016 WARISAN 2.100 — — — 21.11 1.90 141.1
0.360 0.140 0.250 0.250 7051 AMTEK 0.250 -0.025 12.6 0.250 — — 12.5 0.210 0.095 0.105 0.095 5156 XDL 0.100 UNCH 6625.7 0.100 12.82 — 180.5
8.344 5.600 5.810 5.720 6351 AMWAY 5.720 -0.080 15.1 5.780 20.42 3.50 940.3 0.615 0.400 0.430 0.430 7121 XIANLNG 0.430 0.010 10 0.430 1433.3 — 34.4
0.035 0.005 0.015 0.015 5194 APFT 0.015 UNCH 460 0.015 — — 20.1 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
4.339 3.550 3.790 3.780 6432 APOLLO 3.790 0.030 13 3.781 23.85 5.28 303.2 2.307 1.800 1.850 1.850 5584 YEELEE 1.850 UNCH 16 1.850 8.72 2.43 354.5
0.240 0.105 0.120 0.120 1481 ASB 0.120 UNCH 737.7 0.120 — 2.08 111.5 1.284 0.950 1.050 1.020 5159 YOCB 1.020 -0.030 21 1.022 6.13 3.92 163.2
0.756 0.325 0.350 0.350 7722 ASIABRN 0.350 -0.010 3 0.350 — — 81.4 3.390 2.267 2.710 2.700 7178 YSPSAH 2.710 -0.040 1.8 2.702 13.00 2.58 374.9
2.815 2.353 — — 7129 ASIAFLE 2.630 — — — 9.53 5.70 512.2 2.023 1.200 1.300 1.290 5131 ZHULIAN 1.300 -0.010 52 1.293 12.45 5.77 598.0
4.596 4.009 4.550 4.500 7048 ATLAN 4.550 UNCH 2 4.525 19.09 4.40 1,154.1 INDUSTRIAL PRODUCTS & SERVICES
0.425 0.200 0.240 0.235 8885 AVI 0.240 UNCH 55 0.237 — — 206.1 0.135 0.070 0.080 0.075 7086 ABLEGRP 0.075 UNCH 200 0.078 — — 19.8
38.680 21.708 37.980 37.000 4162 BAT 37.960 0.460 416.1 37.808 25.01 3.98 10,838.7 0.625 0.350 — — 7191 ADVENTA 0.350 — — — 33.98 — 53.5
2.336 1.766 2.210 2.170 5248 BAUTO 2.200 UNCH 1796.5 2.198 11.51 4.93 2,558.5 2.068 1.744 — — 9148 ADVPKG 1.920 — — — 28.92 4.69 39.4
0.070 0.030 0.040 0.040 7243 BIOOSMO 0.040 UNCH 679 0.040 — — 31.8 0.185 0.110 0.120 0.120 7146 AEM 0.120 -0.010 299 0.120 — — 35.9
1.802 1.280 1.310 1.280 5196 BJFOOD 1.310 0.010 401.2 1.292 145.56 3.05 500.3 0.740 0.370 — — 5198 AFUJIYA 0.525 — — — 16.72 — 94.5
0.365 0.180 0.265 0.255 4219 BJLAND 0.255 -0.010 2149 0.259 — — 1,275.1 0.395 0.200 0.270 0.260 2682 AISB 0.270 0.015 6.6 0.264 32.53 — 39.0
2.487 1.918 2.160 2.140 1562 BJTOTO 2.150 -0.010 499 2.152 12.02 7.44 2,904.7 0.640 0.491 0.530 0.525 7609 AJIYA 0.525 UNCH 49 0.526 6.41 1.90 159.9
0.396 0.205 0.255 0.255 9288 BONIA 0.255 -0.005 23 0.255 14.66 4.90 205.6 0.940 0.420 0.550 0.540 2674 ALCOM 0.545 -0.005 79.3 0.542 23.90 — 73.2
0.505 0.160 0.235 0.195 9474 BRAHIMS 0.225 0.020 1251.3 0.217 — — 53.2 1.414 1.006 1.230 1.180 7083 ANALABS 1.230 0.010 25.4 1.221 14.06 0.41 147.7
1.020 0.495 0.555 0.550 7174 CAB 0.555 UNCH 807.9 0.551 11.73 0.90 358.8 0.682 0.366 0.450 0.435 4758 ANCOM 0.435 -0.005 268.2 0.442 4.39 — 104.8
1.279 0.609 0.990 0.955 7154 CAELY 0.965 -0.035 105.4 0.970 41.77 1.04 78.3 3.556 1.150 1.440 1.370 6556 ANNJOO 1.430 -0.020 491.7 1.412 4.33 13.29 800.7
0.380 0.220 0.250 0.240 7128 CAMRES 0.250 0.005 90 0.247 18.12 — 49.2 0.090 0.035 0.040 0.040 9342 ANZO 0.040 UNCH 422.5 0.040 — — 35.2
1.897 1.403 1.660 1.660 5245 CARING 1.660 -0.040 2 1.660 18.63 3.01 361.4 0.917 0.800 — — 5568 APB 0.800 — — — — 3.75 90.3
20.480 14.706 20.380 20.140 2836 CARLSBG 20.200 UNCH 254.6 20.231 23.78 4.19 6,176.1 3.757 2.680 2.900 2.770 5015 APM 2.900 0.140 0.8 2.786 16.58 4.66 584.6
2.260 1.440 1.590 1.540 2925 CCB 1.590 UNCH 230.1 1.578 196.30 — 160.2 0.630 0.469 0.520 0.520 7214 ARANK 0.520 UNCH 1 0.520 6.55 4.46 88.1
1.010 0.365 0.455 0.440 7035 CCK 0.450 -0.005 2824.8 0.444 8.72 3.33 283.8 1.159 0.590 0.645 0.630 7162 ASTINO 0.635 0.005 26.9 0.632 7.69 1.57 174.1
1.463 0.925 0.990 0.975 7148 CCMDBIO 0.990 0.010 60.2 0.982 14.27 4.11 655.3 1.980 1.340 1.710 1.650 8176 ATAIMS 1.710 UNCH 7.4 1.680 20.26 — 1,961.4
0.495 0.300 — — 7209 CHEETAH 0.310 — — — 86.11 1.29 39.6 1.025 0.545 0.600 0.595 7099 ATTA 0.595 0.005 28 0.596 2.29 13.45 126.9
2.078 1.500 — — 2828 CIHLDG 1.660 — — — 10.53 6.02 268.9 0.600 0.074 0.430 0.350 7181 ATURMJU 0.390 -0.040 114.3 0.385 — — 26.2
0.135 0.060 0.065 0.065 5104 CNI 0.065 UNCH 144.9 0.065 216.67 — 46.8 0.924 0.596 0.680 0.665 7579 AWC 0.675 -0.005 394.8 0.672 8.04 0.74 194.2
0.135 0.035 0.035 0.035 5188 CNOUHUA 0.035 -0.005 200 0.035 — — 23.4 0.425 0.313 0.345 0.335 5021 AYS 0.345 UNCH 68 0.340 5.37 7.25 131.2
2.541 1.830 1.990 1.990 7205 COCOLND 1.990 0.010 1.5 1.990 14.51 3.02 455.3 2.058 1.182 1.300 1.280 8133 BHIC 1.300 UNCH 15.8 1.285 — 2.69 323.0
0.085 0.005 0.030 0.030 0301 CRG 0.030 -0.005 5 0.030 6.38 — 24.2 0.415 0.260 — — 7005 BIG 0.280 — — — — — 13.5
1.572 1.050 — — 7202 CSCENIC 1.090 — — — 17.30 6.42 131.3 0.195 0.115 0.130 0.130 6998 BINTAI 0.130 UNCH 457.5 0.130 10.00 — 37.6
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.395 0.260 0.295 0.290 3395 BJCORP 0.295 UNCH 5148.5 0.294 — — 1,452.5
0.540 0.420 — — 9423 CWG 0.430 — — — 8.63 3.49 54.3 0.793 0.500 — — 0168 BOILERM 0.525 — — — 12.56 3.33 270.9
0.040 0.025 — — 7179 DBE 0.030 — — — — — 80.3 0.090 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 2063.5 0.041 — — 240.3
1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.320 0.865 — — 6297 BOXPAK 1.000 — — — — — 120.0
4.309 2.140 2.540 2.400 5908 DKSH 2.460 0.010 758 2.474 7.80 4.07 387.8 1.149 0.818 1.080 1.030 5100 BPPLAS 1.050 -0.020 18.6 1.050 10.94 3.81 197.1
74.652 55.645 60.920 60.600 3026 DLADY 60.920 UNCH 0.9 60.884 32.44 1.64 3,898.9 0.285 0.140 0.165 0.165 9938 BRIGHT 0.165 -0.030 50 0.165 — — 33.9
2.711 1.600 1.680 1.640 1619 DRBHCOM 1.640 -0.020 848 1.650 — 1.83 3,170.5 0.720 0.260 0.295 0.280 7221 BSLCORP 0.295 UNCH 40 0.284 — — 28.9
0.275 0.095 0.110 0.110 2097 EASTLND 0.110 -0.005 39.5 0.110 — — 27.0 2.800 1.340 1.590 1.550 2771 BSTEAD 1.550 -0.030 38.1 1.569 43.66 4.84 3,141.8
0.655 0.509 — — 5081 EIG 0.620 — — — 25.94 4.84 147.1 0.300 0.070 — — 7188 BTM 0.110 — — — — — 15.5
0.100 0.050 0.060 0.060 7182 EKA 0.060 UNCH 195.4 0.060 — — 18.7 2.881 1.830 2.600 2.570 5105 CANONE 2.580 -0.050 204 2.587 9.68 1.55 495.8
0.250 0.150 0.180 0.180 9091 EMICO 0.180 0.010 0.1 0.180 — — 17.3 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.415 0.935 — — 7149 ENGKAH 1.070 — — — 9.74 2.80 75.7 1.771 0.960 1.180 1.150 7076 CBIP 1.160 -0.020 145.9 1.159 13.21 4.31 624.4
0.365 0.125 — — 7208 EURO 0.155 — — — — — 41.4 2.355 1.515 2.030 1.950 2879 CCM 1.980 -0.040 105.4 2.002 33.56 3.54 332.0
0.750 0.450 — — 7094 EUROSP 0.490 — — — — — 21.8 0.875 0.695 — — 8435 CEPCO 0.695 — — — — — 51.9
40.000 27.902 34.120 33.600 3689 F&N 34.100 -0.060 544.1 34.098 32.44 1.69 12,507.1 1.360 0.900 1.200 1.200 8044 CFM 1.200 0.060 1 1.200 — — 49.2
0.950 0.740 — — 2755 FCW 0.740 — — — 189.74 — 185.0 0.490 0.330 0.380 0.345 7187 CHGP 0.380 0.010 55 0.365 19.19 — 112.9
0.570 0.430 0.485 0.480 6939 FIAMMA 0.485 UNCH 20 0.480 7.53 3.61 257.1 1.169 0.630 0.710 0.695 5273 CHINHIN 0.700 -0.010 477 0.700 16.67 5.00 389.5
0.516 0.280 — — 8605 FIHB 0.295 — — — 6.37 2.64 32.2 2.000 1.446 1.700 1.690 5007 CHINWEL 1.700 UNCH 132.3 1.699 8.40 4.71 509.2
1.910 1.150 1.790 1.750 9172 FPI 1.770 0.010 407.9 1.769 11.21 4.52 437.8 2.183 1.410 — — 5797 CHOOBEE 1.560 — — — 4.67 3.21 205.4
0.950 0.600 0.720 0.720 7184 G3 0.720 UNCH 10 0.720 — — 297.0 0.493 0.230 0.305 0.305 7016 CHUAN 0.305 UNCH 18.6 0.305 — 3.61 51.4
3.070 1.308 2.950 2.900 5102 GCB 2.940 0.020 281.3 2.928 8.84 1.02 1,411.7 0.880 0.460 — — 8052 CICB 0.510 — — — 28.98 1.90 45.9
0.580 0.400 — — 5592 GCE 0.480 — — — — 4.17 94.6 0.060 0.035 0.040 0.040 7018 CME 0.040 UNCH 583.3 0.040 — — 23.4
5.422 2.760 3.300 3.220 4715 GENM 3.260 -0.020 12400.8 3.266 — 3.37 19,358.0 4.334 1.740 3.150 3.090 2852 CMSB 3.100 -0.100 1078.8 3.105 12.21 2.58 3,330.6
9.569 5.910 6.870 6.620 3182 GENTING 6.670 -0.260 11997.4 6.679 28.03 2.17 25,858.9 0.900 0.400 0.480 0.400 7986 CNASIA 0.480 UNCH 10.1 0.404 13.56 — 21.8
0.245 0.100 0.125 0.125 5079 GETS 0.125 -0.015 0.2 0.125 — — 15.8 1.350 0.735 0.845 0.840 5071 COASTAL 0.845 -0.010 13.3 0.840 — 2.37 449.2
0.230 0.105 0.115 0.110 0136 GREENYB 0.115 -0.005 94 0.115 41.07 2.61 38.4 0.327 0.080 0.125 0.115 7195 COMCORP 0.120 -0.010 448.2 0.122 — — 16.8
5.192 2.480 2.750 2.710 7668 HAIO 2.710 -0.040 96.8 2.733 13.68 7.38 813.8 1.169 0.684 0.850 0.840 2127 COMFORT 0.845 0.005 271.7 0.845 20.31 1.18 474.8
3.888 3.400 — — 5008 HARISON 3.750 — — — 10.41 5.33 256.8 0.035 0.020 0.025 0.020 5037 COMPUGT 0.025 -0.005 2573.5 0.025 — — 58.7
0.370 0.050 0.060 0.060 5187 HBGLOB 0.060 UNCH 50 0.060 2.05 — 28.1 1.550 0.975 1.090 1.080 5094 CSCSTEL 1.080 -0.010 106.6 1.081 10.28 9.26 410.4
23.548 17.420 20.800 20.500 3255 HEIM 20.780 -0.020 61.1 20.711 22.73 4.33 6,277.6 0.667 0.470 — — 7157 CYL 0.560 — — — — 7.14 56.0
12.115 8.420 9.240 9.170 3301 HLIND 9.170 0.010 8 9.196 8.85 4.03 3,006.9 0.410 0.295 — — 5082 CYMAO 0.370 — — — — — 27.8
0.844 0.592 0.680 0.670 5160 HOMERIZ 0.670 -0.010 15.1 0.673 9.53 3.73 201.0 1.780 1.333 1.660 1.640 5184 CYPARK 1.660 UNCH 116.3 1.651 9.39 2.25 760.3
0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9 2.373 1.570 1.650 1.610 8125 DAIBOCI 1.640 -0.020 20 1.623 21.72 2.53 537.8
1.154 0.940 0.995 0.990 5024 HUPSENG 0.995 0.005 15.8 0.990 17.83 6.03 796.0 0.585 0.320 0.470 0.460 5276 DANCO 0.470 -0.005 309.2 0.465 10.68 3.19 140.1
0.420 0.280 — — 8478 HWATAI 0.315 — — — — — 23.6 0.645 0.120 0.260 0.245 7212 DESTINI 0.255 UNCH 8293.1 0.255 56.67 — 294.6
2.070 1.089 1.230 1.220 5107 IQGROUP 1.230 -0.020 8 1.229 — 8.13 108.3 0.755 0.270 — — 7114 DNONCE 0.405 — — — 28.93 — 98.0
0.075 0.030 — — 7223 JADI 0.040 — — — — — 37.7 0.295 0.100 — — 5835 DOLMITE 0.110 — — — — — 31.3
1.258 0.709 0.825 0.820 7152 JAYCORP 0.825 0.010 150 0.822 10.36 6.06 113.2 0.175 0.070 0.110 0.105 5265 DOLPHIN 0.110 0.005 20 0.108 — — 26.9
0.487 0.330 0.355 0.355 8931 JERASIA 0.355 0.010 20 0.355 3.78 2.82 29.1 1.369 1.156 1.260 1.250 7169 DOMINAN 1.260 UNCH 6.4 1.255 6.51 5.56 208.2
1.326 0.823 1.200 1.110 7167 JOHOTIN 1.190 0.060 1251.1 1.175 15.37 3.36 369.5 2.713 0.598 1.600 1.530 7233 DUFU 1.570 0.010 1234.2 1.565 8.90 2.97 413.2
0.400 0.280 0.295 0.295 8672 KAMDAR 0.295 0.005 2 0.295 — — 58.4 2.816 1.818 2.730 2.640 1368 EDGENTA 2.640 -0.050 15.2 2.653 16.45 4.17 2,195.5
1.258 0.430 0.455 0.445 5247 KAREX 0.450 -0.005 3965.5 0.452 56.25 1.11 451.1 0.320 0.170 0.185 0.180 0064 EFFICEN 0.180 -0.005 169 0.181 — — 127.6
2.896 1.800 1.840 1.800 7216 KAWAN 1.800 -0.040 117 1.804 28.08 2.17 647.1 0.675 0.430 0.485 0.455 8907 EG 0.455 -0.020 1759.2 0.466 7.33 — 123.0
0.180 0.080 0.170 0.120 8303 KFM 0.170 0.045 128 0.159 — — 11.6 1.687 1.095 1.370 1.370 5208 EITA 1.370 0.010 10 1.370 8.87 3.65 178.1
0.720 0.540 0.600 0.570 6203 KHEESAN 0.600 UNCH 41.8 0.589 13.36 2.50 62.4 0.990 0.634 0.750 0.750 9016 EKSONS 0.750 -0.035 9 0.750 — 6.67 123.2
2.010 1.400 — — 7062 KHIND 1.700 — — — 29.31 0.59 68.1 0.815 0.370 0.450 0.440 7217 EMETALL 0.445 UNCH 40.5 0.446 10.67 5.62 83.8
1.868 1.573 1.700 1.700 0002 KOTRA 1.700 UNCH 9 1.700 11.83 2.94 244.3 1.230 0.805 0.860 0.835 5056 ENGTEX 0.860 0.035 125.5 0.842 12.15 1.74 381.3
0.780 0.330 0.470 0.450 7130 KPOWER 0.450 -0.025 178.5 0.464 — — 34.3 0.510 0.365 0.400 0.365 7773 EPMB 0.365 -0.040 55 0.379 — — 60.6
0.145 0.080 0.085 0.085 5172 KSTAR 0.085 UNCH 9 0.085 — — 32.4 0.625 0.335 0.415 0.390 5101 EVERGRN 0.415 0.025 1391.8 0.405 9.45 3.33 351.3
0.160 0.050 — — 4847 KTB 0.075 — — — — — 30.2 1.690 1.050 1.120 1.100 2984 FACBIND 1.100 -0.020 40.4 1.101 54.73 3.64 93.7
0.925 0.450 0.465 0.450 1643 LANDMRK 0.465 UNCH 234.8 0.459 — — 245.9 2.600 2.200 2.430 2.410 7229 FAVCO 2.410 -0.010 16.1 2.416 9.96 5.60 533.6
4.155 2.953 — — 7006 LATITUD 3.880 — — — 38.42 1.55 377.2 0.609 0.403 — — 0149 FIBON 0.500 — — — 20.83 1.50 49.0
0.985 0.325 0.425 0.410 9385 LAYHONG 0.420 UNCH 2609.7 0.416 21.88 1.19 277.3 1.979 1.703 1.830 1.820 3107 FIMACOR 1.820 UNCH 22.5 1.829 8.66 6.87 446.4
1.090 0.390 0.900 0.870 8079 LEESK 0.880 0.005 258.9 0.882 14.22 1.70 147.7 0.450 0.365 0.400 0.395 9318 FITTERS 0.395 -0.005 3408.8 0.398 19.27 — 189.8
3.265 2.135 2.810 2.750 7089 LIIHEN 2.760 -0.040 39.6 2.782 10.01 4.53 496.8 1.700 0.914 1.590 1.590 5197 FLBHD 1.590 -0.020 37.4 1.590 7.40 — 167.8
0.575 0.366 0.565 0.545 7126 LONBISC 0.555 -0.010 2164.6 0.556 9.49 — 142.3 0.455 0.177 0.235 0.225 5277 FPGROUP 0.235 0.005 207.4 0.229 15.99 4.26 121.9
1.200 0.780 1.100 1.090 7085 LTKM 1.090 -0.010 50.6 1.093 17.61 1.83 141.8 1.650 0.605 — — 7197 GESHEN 0.700 — — — 11.22 — 56.0
5.340 3.833 4.280 4.210 7087 MAGNI 4.280 -0.010 31.7 4.244 7.22 3.27 696.5 0.545 0.420 0.525 0.510 5220 GLOTEC 0.510 -0.005 1084.3 0.518 — — 137.2
2.257 1.652 2.050 2.020 3859 MAGNUM 2.030 -0.010 316.6 2.034 33.95 5.42 2,918.6 0.330 0.170 0.205 0.205 7192 GOODWAY 0.205 -0.005 63.7 0.205 8.69 — 22.7
0.145 0.115 0.120 0.120 3514 MARCO 0.120 UNCH 155 0.120 9.76 4.17 126.5 0.110 0.080 0.095 0.085 7096 GPA 0.085 -0.010 2441.4 0.091 425.00 — 83.3
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.325 0.170 0.195 0.190 5649 GPHAROS 0.190 -0.005 32 0.190 4.92 — 25.8
1.041 0.800 0.800 0.800 5886 MBG 0.800 UNCH 4.9 0.800 65.57 3.75 48.6 0.745 0.420 0.470 0.470 3247 GUH 0.470 -0.015 1.5 0.470 — — 130.6
2.644 1.860 2.600 2.550 5983 MBMR 2.570 -0.010 549.6 2.560 — 1.75 1,004.6 1.180 0.670 — — 5151 HALEX 0.900 — — — — — 95.4
0.425 0.185 0.260 0.230 7234 MESB 0.230 -0.015 137.9 0.241 — — 18.8 10.000 8.394 9.960 9.860 3034 HAPSENG 9.880 UNCH 507.3 9.892 21.70 3.54 24,598.1
0.230 0.185 — — 0301 MFGROUP 0.230 — — — 27.06 — 73.6 7.383 4.920 5.530 5.420 5168 HARTA 5.500 0.010 3468.8 5.488 38.43 1.53 18,317.9
1.822 0.452 0.600 0.530 3662 MFLOUR 0.535 -0.090 11095 0.553 59.44 9.83 412.2 15.646 4.510 4.900 4.790 4324 HENGYUAN 4.880 UNCH 290 4.867 6.23 0.41 1,464.0
0.860 0.600 — — 7935 MILUX 0.720 — — — — — 39.2 1.001 0.525 0.635 0.615 5095 HEVEA 0.635 0.020 2927 0.629 13.66 9.45 356.0
0.245 0.045 0.045 0.045 5166 MINDA 0.045 -0.005 80 0.045 — — 55.8 0.806 0.609 0.695 0.695 3298 HEXZA 0.695 -0.005 4 0.695 18.24 7.19 139.3
4.300 2.100 2.200 2.200 5202 MSM 2.200 UNCH 2.5 2.200 26.16 — 1,546.6 0.518 0.215 0.320 0.305 5072 HIAPTEK 0.305 UNCH 5084.5 0.312 18.05 1.64 410.0
0.040 0.010 0.015 0.010 5150 MSPORTS 0.015 UNCH 0.3 0.012 — — 9.1 1.360 0.705 0.985 0.960 5199 HIBISCS 0.975 -0.005 22969.6 0.976 5.27 — 1,548.5
0.235 0.145 0.185 0.180 3891 MUIIND 0.180 -0.005 1813.4 0.185 — — 527.9 1.680 1.110 1.310 1.310 7033 HIGHTEC 1.310 0.010 5.7 1.310 13.44 2.67 53.2
2.297 1.620 1.770 1.740 3905 MULPHA 1.770 -0.010 12 1.756 2.02 — 565.7 0.853 0.495 — — 8443 HIL 0.510 — — — 12.26 3.43 170.4
1.788 1.252 1.410 1.380 5275 MYNEWS 1.380 UNCH 57.1 1.382 35.57 0.72 941.4 0.620 0.335 0.490 0.490 5165 HOKHENG 0.490 -0.010 10 0.490 116.67 — 39.2
159.79 103.42 148.10 145.50 4707 NESTLE 148.000 0.100 61 147.990 51.91 1.86 34,706.0 1.910 0.445 1.050 0.970 0185 HSSEB 1.040 0.040 857.8 1.022 18.47 0.74 515.7
3.254 2.550 2.700 2.700 7060 NHFATT 2.700 -0.070 0.8 2.700 13.38 3.80 223.2 0.635 0.130 0.220 0.205 2739 HUAAN 0.210 UNCH 17923.4 0.212 5.82 — 235.7
0.065 0.035 0.045 0.045 7139 NICE 0.045 UNCH 1595 0.045 9.18 — 89.9 2.050 0.465 0.475 0.465 5000 HUMEIND 0.475 0.005 175 0.470 — 4.21 227.6
0.320 0.150 0.300 0.295 7215 NIHSIN 0.295 -0.005 2049.6 0.295 17.77 — 94.8 0.130 0.090 0.105 0.105 9601 HWGB 0.105 UNCH 181.2 0.105 — — 34.1
0.630 0.472 0.505 0.505 5066 NTPM 0.505 0.005 80 0.505 26.44 4.75 567.2 2.308 1.699 2.170 2.140 7222 IMASPRO 2.170 0.010 320.2 2.144 27.57 1.61 173.6
0.655 0.350 0.370 0.370 5533 OCB 0.370 UNCH 1 0.370 — — 38.1 0.905 0.430 — — 5673 IPMUDA 0.530 — — — — — 38.4
0.615 0.381 0.470 0.455 0049 OCNCASH 0.455 -0.010 31.5 0.462 13.38 2.00 111.6 0.290 0.100 0.130 0.125 7183 IRETEX 0.130 0.005 332.4 0.130 — — 18.9
1.145 0.635 0.740 0.695 7107 OFI 0.695 UNCH 65.2 0.709 17.73 3.60 166.8 0.150 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7
0.135 0.090 0.105 0.105 3018 OLYMPIA 0.105 UNCH 140 0.105 6.29 — 107.5 1.746 1.340 — — 0058 JCBNEXT 1.570 — — — 23.61 2.87 216.3
6.560 5.742 6.470 6.400 4006 ORIENT 6.470 UNCH 13 6.427 7.93 3.09 4,013.9 0.280 0.165 0.200 0.190 9083 JETSON 0.200 0.005 70 0.196 — — 42.3
1.398 0.460 0.540 0.530 5260 OWG 0.530 UNCH 83.3 0.531 25.60 — 146.9 1.080 0.950 — — 7043 JMR 1.050 — — — — — 133.1
6.119 3.150 3.730 3.650 7052 PADINI 3.700 -0.040 578.7 3.680 14.75 2.70 2,434.3 0.235 0.125 0.135 0.130 0054 KARYON 0.135 UNCH 239 0.135 6.78 2.22 64.2
39.301 30.953 38.000 37.620 3719 PANAMY 38.000 0.280 18.9 37.995 18.23 3.89 2,308.3 0.598 0.441 — — 7199 KEINHIN 0.530 — — — 32.92 1.89 57.7
0.422 0.310 0.340 0.340 5022 PAOS 0.340 UNCH 9 0.340 75.56 2.35 61.6 1.667 1.364 1.560 1.560 6491 KFIMA 1.560 UNCH 1 1.560 7.50 5.77 440.3
0.420 0.230 — — 9407 PARAGON 0.280 — — — — — 19.6 1.268 0.584 1.170 1.120 0151 KGB 1.150 0.010 1787.9 1.148 15.82 0.87 313.5
0.650 0.235 0.270 0.260 5657 PARKSON 0.270 0.005 243.9 0.265 — — 295.4 0.400 0.200 — — 6211 KIALIM 0.215 — — — — — 13.3
0.356 0.185 0.220 0.210 6068 PCCS 0.215 -0.005 43.9 0.214 5.00 4.65 45.2 2.958 2.000 2.800 2.720 3522 KIANJOO 2.780 0.080 293.4 2.760 18.71 1.44 1,234.8
0.880 0.290 0.350 0.330 5231 PELIKAN 0.350 UNCH 13.4 0.336 36.46 — 193.7 1.606 1.090 — — 5371 KIMHIN 1.240 — — — — 4.03 193.0
0.675 0.350 0.430 0.420 9997 PENSONI 0.420 -0.170 37.4 0.422 — 4.76 54.5 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.450 0.195 0.360 0.350 7080 PERMAJU 0.355 UNCH 13054.6 0.355 — — 69.6 1.010 0.780 0.945 0.890 9466 KKB 0.945 0.005 12 0.910 15.88 2.12 243.6
28.181 22.720 25.980 25.320 5681 PETDAG 25.600 -0.400 514.9 25.781 23.52 3.59 25,432.4 0.260 0.070 0.100 0.090 7164 KNM 0.100 0.005 6852 0.097 — — 236.9
0.180 0.140 0.155 0.150 4081 PMCORP 0.150 -0.005 83.8 0.151 55.56 — 116.0 0.950 0.420 0.420 0.420 5035 KNUSFOR 0.420 -0.070 10 0.420 — — 41.9
0.210 0.080 0.085 0.080 1287 PMHLDG 0.085 UNCH 1100.3 0.082 — — 79.0 1.700 0.810 1.290 1.250 6971 KOBAY 1.270 0.020 17 1.271 8.56 — 129.7
0.629 0.440 0.480 0.475 5080 POHKONG 0.475 -0.015 157.4 0.479 9.21 2.11 194.9 0.245 0.120 0.190 0.175 7017 KOMARK 0.180 UNCH 7325 0.181 — — 29.6
1.590 1.093 1.540 1.520 7088 POHUAT 1.540 UNCH 88.5 1.529 7.17 4.55 359.2 4.683 3.140 3.830 3.770 7153 KOSSAN 3.780 -0.030 756.7 3.790 25.94 1.59 4,834.4
18.900 16.860 17.920 17.680 4065 PPB 17.880 0.080 1066 17.838 20.68 1.47 25,436.1 0.880 0.470 0.485 0.485 9121 KPSCB 0.485 -0.005 4 0.485 5.18 — 71.7
0.528 0.330 — — 7190 PPG 0.370 — — — 75.51 5.41 37.0 4.850 3.665 4.460 4.370 3476 KSENG 4.370 -0.080 2 4.394 42.06 2.29 1,579.7
1.000 0.700 0.750 0.750 7168 PRG 0.750 UNCH 40 0.750 — — 233.5 0.724 0.285 0.310 0.310 5192 KSSC 0.310 UNCH 30 0.310 7.69 6.45 29.8
0.530 0.225 0.475 0.355 6874 KUB 0.475 0.120 21491.4 0.427 14.05 3.16 264.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HU R SDAY JAN UARY 24, 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)
0.530 0.250 0.305 0.305 8362 KYM 0.305 0.035 0.1 0.305 — — 45.7 0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9
6.110 1.800 1.830 1.820 3794 LAFMSIA 1.820 -0.010 1088 1.828 — — 1,546.4 6.388 4.540 5.750 5.610 5225 IHH 5.710 0.010 2363.1 5.677 352.47 0.53 50,072.7
0.673 0.440 0.480 0.475 9326 LBALUM 0.480 0.005 140 0.478 18.90 2.08 119.3 4.683 3.140 3.830 3.770 7153 KOSSAN 3.780 -0.030 756.7 3.790 25.94 1.59 4,834.4
6.192 4.180 4.640 4.600 5284 LCTITAN 4.630 0.030 2146.5 4.610 9.12 4.97 10,685.1 1.868 1.573 1.700 1.700 0002 KOTRA 1.700 UNCH 9 1.700 11.83 2.94 244.3
0.957 0.400 0.520 0.500 5232 LEONFB 0.510 UNCH 20.1 0.504 3.08 2.94 158.1 1.170 0.840 1.070 1.020 5878 KPJ 1.060 0.030 3316.6 1.048 24.26 1.89 4,668.3
0.330 0.100 0.145 0.145 8745 LEWEKO 0.145 0.005 0.2 0.145 — — 46.7 4.120 2.645 2.820 2.780 7081 PHARMA 2.790 -0.020 19.2 2.790 12.11 7.17 726.8
0.225 0.085 0.100 0.100 7170 LFECORP 0.100 UNCH 5 0.100 — — 18.6 2.285 1.430 1.530 1.490 7106 SUPERMX 1.490 -0.030 5754.7 1.508 17.13 2.68 2,026.9
0.785 0.405 — — 8486 LIONFIB 0.425 — — — 10.22 — 98.4 0.860 0.695 0.730 0.720 0101 TMCLIFE 0.730 0.005 182.5 0.725 45.91 0.25 1,267.6
1.420 0.450 0.570 0.535 4235 LIONIND 0.550 -0.010 2761.1 0.551 2.29 — 394.9 6.297 4.610 4.870 4.820 7113 TOPGLOV 4.850 -0.040 4520 4.840 28.35 1.75 12,418.8
0.560 0.250 — — 9881 LSTEEL 0.270 — — — 4.02 — 34.6 0.375 0.230 0.375 0.375 0301 TOPVISN 0.375 0.005 5 0.375 45.18 — 95.8
0.115 0.075 0.085 0.080 5068 LUSTER 0.080 UNCH 1366 0.080 19.05 — 158.1 3.390 2.267 2.710 2.700 7178 YSPSAH 2.710 -0.040 1.8 2.702 13.00 2.58 374.9
0.789 0.500 0.545 0.535 5143 LUXCHEM 0.535 -0.005 77.4 0.538 11.81 4.67 462.0 FINANCIAL SERVICES
4.405 2.250 — — 9199 LYSAGHT 2.510 — — — 10.56 2.79 104.4 4.319 3.678 4.240 4.170 2488 ABMB 4.170 -0.080 1294.3 4.191 12.62 3.67 6,455.6
1.381 0.340 0.460 0.445 5098 MASTEEL 0.455 -0.005 742.6 0.449 4.69 1.98 194.4 16.300 11.741 16.000 15.800 5139 AEONCR 15.900 -0.180 26.4 15.886 10.74 2.66 3,987.3
0.730 0.531 0.600 0.600 7029 MASTER 0.600 UNCH 28.7 0.600 6.41 3.33 32.8 2.642 2.153 2.250 2.230 5185 AFFIN 2.230 -0.020 63.7 2.239 8.04 2.24 4,428.8
1.314 0.905 1.050 1.020 5152 MBL 1.050 0.030 77.1 1.025 9.60 0.95 108.2 14.274 10.137 13.680 13.160 1163 ALLIANZ 13.440 0.040 9.9 13.390 6.48 2.98 2,374.7
0.830 0.435 — — 7004 MCEHLDG 0.505 — — — — — 22.4 4.725 3.278 4.560 4.480 1015 AMBANK 4.500 -0.030 1702.6 4.518 11.59 3.33 13,563.8
0.280 0.090 0.110 0.105 3778 MELEWAR 0.110 UNCH 118.9 0.108 — — 39.5 1.600 0.900 — — 5088 APEX 0.900 — — — 21.69 — 192.2
0.715 0.440 — — 5223 MENTIGA 0.540 — — — 8.60 — 37.8 4.209 3.252 3.790 3.760 5258 BIMB 3.780 UNCH 53.7 3.767 9.45 4.10 6,401.7
1.750 1.540 — — 6149 METROD 1.540 — — — 18.08 3.90 184.8 7.971 6.720 7.400 7.350 1818 BURSA 7.350 -0.060 479.6 7.375 26.07 3.58 5,934.9
0.745 0.240 0.295 0.275 5001 MIECO 0.295 0.015 1120.9 0.286 — 3.39 154.9 7.206 5.101 5.750 5.660 1023 CIMB 5.660 -0.110 12427.1 5.686 9.50 4.42 54,134.8
0.135 0.045 — — 7219 MINETEC 0.050 — — — — — 46.1 0.400 0.240 0.240 0.240 2143 ECM 0.240 -0.015 1 0.240 51.06 — 115.2
0.424 0.244 0.310 0.295 5576 MINHO 0.300 -0.005 310.2 0.307 8.47 1.60 102.2 1.288 1.114 1.270 1.240 5228 ELKDESA 1.270 0.010 44.6 1.254 11.58 5.51 392.4
0.924 0.667 0.710 0.705 5916 MSC 0.710 -0.010 193 0.707 51.45 1.41 284.0 20.980 17.119 20.900 20.540 5819 HLBANK 20.680 -0.020 1546.7 20.710 15.63 2.32 44,828.4
0.115 0.060 0.110 0.105 0043 MTRONIC 0.110 UNCH 251.2 0.106 — — 35.3 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
2.884 1.115 1.970 1.910 3883 MUDA 1.960 0.020 234.6 1.937 6.77 1.79 597.9 19.952 17.251 19.780 19.320 1082 HLFG 19.500 0.040 837.8 19.497 11.40 2.05 22,376.6
0.555 0.240 0.270 0.255 5087 MYCRON 0.270 UNCH 34.1 0.255 6.52 — 91.9 0.981 0.645 0.725 0.710 3379 INSAS 0.725 UNCH 357.1 0.719 6.18 2.76 502.7
0.640 0.330 0.460 0.445 7241 NGGB 0.460 UNCH 1126.4 0.452 127.78 — 210.8 0.370 0.070 0.100 0.095 3441 JOHAN 0.100 0.005 461.6 0.098 — — 62.3
0.355 0.065 0.075 0.070 5025 NWP 0.075 UNCH 108 0.074 — — 29.4 0.780 0.524 0.560 0.550 6483 KENANGA 0.560 0.005 88.4 0.557 10.94 5.36 404.7
0.859 0.563 0.690 0.660 4944 NYLEX 0.680 0.020 137.7 0.675 6.27 2.94 132.1 2.703 1.570 — — 2186 KUCHAI 1.680 — — — 4.61 0.60 207.9
1.047 0.555 0.595 0.585 7140 OKA 0.590 0.005 100 0.586 7.47 6.22 144.8 17.233 15.640 16.380 16.100 8621 LPI 16.380 0.120 31.5 16.264 20.85 3.88 6,525.5
1.738 0.880 0.965 0.950 5065 ORNA 0.965 0.010 363 0.955 6.25 5.18 72.6 0.773 0.400 0.530 0.510 1198 MAA 0.515 0.005 60.5 0.519 — 11.65 140.9
0.130 0.045 0.055 0.055 7225 PA 0.055 UNCH 1335.1 0.055 — — 102.9 3.314 2.300 — — 1058 MANULFE 2.350 — — — 18.29 3.40 475.6
1.219 0.411 0.870 0.860 8419 PANSAR 0.860 -0.010 1345.3 0.865 32.58 1.74 264.9 10.451 8.458 9.550 9.450 1155 MAYBANK 9.540 0.030 10801.8 9.527 13.06 5.97 105,414.0
0.645 0.410 0.495 0.485 5125 PANTECH 0.490 UNCH 597.8 0.490 7.66 4.08 366.5 1.254 0.890 1.010 0.985 1171 MBSB 0.985 -0.015 1297.8 0.990 9.15 5.08 6,293.3
10.200 7.545 8.470 8.360 5183 PCHEM 8.420 -0.100 9198.3 8.409 14.38 3.44 67,360.0 2.062 0.845 1.050 1.000 6459 MNRB 1.030 -0.020 600.7 1.017 3.52 — 790.1
1.505 0.669 0.855 0.835 5271 PECCA 0.855 0.015 159.6 0.842 14.47 5.85 160.7 1.640 1.010 1.040 1.030 5237 MPHBCAP 1.040 UNCH 291.1 1.031 12.73 — 743.6
5.292 3.233 4.940 4.930 5436 PERSTIM 4.940 0.020 5.4 4.936 12.40 6.07 490.6 1.094 0.980 — — 6009 P&O 1.000 — — — — 5.20 286.9
2.000 0.950 1.220 1.180 5219 PESTECH 1.200 0.020 43.4 1.207 16.15 — 917.2 26.160 20.329 24.900 24.760 1295 PBBANK 24.800 -0.380 2712.2 24.797 16.92 2.66 96,277.0
20.000 15.928 17.760 17.480 6033 PETGAS 17.680 0.060 756.9 17.661 17.68 3.90 34,984.0 1.720 1.008 1.570 1.540 9296 RCECAP 1.540 -0.030 106.4 1.556 5.67 5.19 554.1
13.009 6.010 6.640 6.550 3042 PETRONM 6.570 0.010 36.9 6.595 5.07 3.81 1,773.9 5.795 4.826 5.550 5.410 1066 RHBBANK 5.490 0.030 2826.7 5.496 10.02 3.19 22,015.2
1.500 1.000 — — 3611 PGLOBE 1.100 — — — — — 205.3 0.695 0.461 0.650 0.640 4898 TA 0.650 UNCH 323.2 0.646 5.00 6.31 1,112.7
0.218 0.090 0.110 0.110 7201 PICORP 0.110 UNCH 128 0.110 47.83 1.36 72.4 3.980 3.050 3.900 3.870 6139 TAKAFUL 3.900 0.030 644.8 3.871 12.33 3.85 3,214.5
1.845 1.186 1.550 1.520 7095 PIE 1.540 -0.010 219.8 1.531 12.81 1.56 591.4 1.039 0.525 0.640 0.625 5230 TUNEPRO 0.630 -0.010 466.3 0.628 10.05 4.76 473.6
0.255 0.100 — — 7163 PJBUMI 0.145 — — — — — 11.9 PROPERTY
4.280 3.090 3.200 3.150 7172 PMBTECH 3.190 -0.010 16 3.169 50.08 0.78 515.6 0.380 0.240 — — 7131 ACME 0.290 — — — 15.43 — 69.2
5.734 3.753 4.440 4.150 8869 PMETAL 4.180 -0.270 4404.1 4.208 26.21 1.56 16,516.6 0.757 0.490 0.575 0.550 1007 AMPROP 0.575 0.005 14.5 0.567 2.85 6.96 350.4
0.570 0.460 — — 6637 PNEPCB 0.555 — — — 191.38 — 73.0 0.396 0.220 0.265 0.265 1007PA AMPROP-PA 0.265 -0.005 4 0.265 — 7.55 76.4
0.590 0.260 — — 8117 POLY 0.350 — — — 12.87 — 56.0 1.400 0.870 — — 5959 AMVERTON 0.900 — — — 9.81 — 328.6
0.770 0.390 0.500 0.485 8273 PPHB 0.485 -0.010 118.6 0.492 5.11 — 91.5 0.650 0.280 — — 7007 ARK 0.445 — — — — — 21.7
1.055 0.492 0.590 0.570 9873 PRESTAR 0.590 0.010 38 0.576 5.73 6.78 120.9 0.175 0.110 0.115 0.115 4057 ASIAPAC 0.115 -0.005 62 0.115 4.53 — 119.3
0.101 0.035 0.050 0.045 7123 PWORTH 0.050 UNCH 712.8 0.048 0.09 — 204.7 6.741 4.480 — — 2305 AYER 4.500 — — — 24.64 1.11 336.8
0.980 0.705 — — 7544 QUALITY 0.830 — — — — — 48.1 0.490 0.220 0.290 0.285 6602 BCB 0.290 UNCH 25 0.286 3.94 — 119.6
0.580 0.210 — — 7498 RALCO 0.220 — — — — — 10.2 0.630 0.285 0.320 0.320 6173 BDB 0.320 0.010 44.5 0.320 — — 97.2
0.520 0.210 0.320 0.310 5256 REACH 0.310 -0.015 3996.5 0.312 — — 339.9 0.430 0.180 — — 9814 BERTAM 0.255 — — — — — 52.7
0.389 0.241 — — 7232 RESINTC 0.310 — — — 27.19 8.06 42.5 0.539 0.245 0.300 0.295 3239 BJASSET 0.300 UNCH 14.3 0.297 — — 767.4
0.250 0.160 0.185 0.180 9954 RGTBHD 0.180 -0.005 376.5 0.180 — — 103.8 1.580 0.963 1.550 1.500 5738 CHHB 1.540 0.010 287.2 1.536 3.55 — 424.6
1.504 0.650 0.680 0.675 9741 ROHAS 0.675 -0.005 17 0.676 13.13 2.96 319.0 1.413 1.190 1.270 1.200 6718 CRESNDO 1.230 -0.060 62 1.232 12.00 4.88 345.0
0.716 0.435 0.455 0.455 7803 RUBEREX 0.455 UNCH 40 0.455 8.17 3.85 114.8 1.619 1.108 1.570 1.520 5049 CVIEW 1.570 -0.020 44.4 1.547 5.60 3.18 157.0
4.424 3.590 3.750 3.730 5134 SAB 3.730 -0.020 8 3.739 14.79 1.34 510.8 2.970 1.918 2.960 2.960 5355 DAIMAN 2.960 UNCH 44 2.960 18.09 1.69 628.1
8.480 5.708 7.390 7.280 9822 SAM 7.310 -0.010 46.1 7.306 13.27 1.92 988.1 0.57 0.220 0.370 0.320 3484 DBHD 0.365 0.050 3974.9 0.350 6.36 — 116.2
1.230 0.640 0.680 0.670 5147 SAMCHEM 0.670 -0.015 95.2 0.674 8.35 5.97 182.2 0.100 0.050 0.060 0.055 7198 DPS 0.060 -0.005 78.2 0.058 — — 35.3
0.869 0.680 — — 7811 SAPIND 0.750 — — — 8.04 5.33 54.6 1.656 1.020 1.140 1.120 3417 E&O 1.130 UNCH 175.4 1.130 16.87 2.60 1,499.2
0.765 0.205 0.245 0.245 5170 SCABLE 0.245 0.005 69.3 0.245 — — 77.7 0.325 0.280 0.305 0.295 3557 ECOFIRS 0.305 0.005 156 0.300 5.28 — 245.0
2.334 1.000 1.240 1.220 7247 SCGM 1.240 UNCH 21.7 1.236 28.97 3.23 240.1 1.450 0.890 0.975 0.940 8206 ECOWLD 0.965 0.025 2267.6 0.966 17.14 — 2,841.3
0.810 0.300 0.475 0.440 9237 SCIB 0.475 UNCH 11 0.450 — — 40.8 0.830 0.350 — — 6076 ENCORP 0.405 — — — — — 119.1
2.074 0.900 1.130 1.110 0099 SCICOM 1.120 -0.010 31.2 1.112 15.05 8.04 398.1 2.798 1.530 1.560 1.560 8613 ENRA 1.560 UNCH 0.5 1.560 — 2.88 212.5
9.377 6.350 8.750 8.660 4731 SCIENTX 8.700 -0.020 141.9 8.694 15.65 2.30 4,256.3 1.060 0.550 0.600 0.575 6815 EUPE 0.600 0.005 123.1 0.575 4.57 — 76.8
0.350 0.150 0.155 0.155 7239 SCNWOLF 0.155 -0.010 50 0.155 — — 14.9 0.885 0.303 0.580 0.575 7249 EWEIN 0.575 -0.005 781.2 0.579 5.06 0.87 173.4
0.820 0.155 0.220 0.210 7073 SEACERA 0.215 0.005 9602.5 0.212 — — 90.5 1.150 0.665 0.780 0.750 5283 EWINT 0.780 0.010 326.4 0.758 53.06 — 1,872.0
0.190 0.090 0.130 0.115 5145 SEALINK 0.130 0.005 524.9 0.119 — — 65.0 0.445 0.340 — — 6041 FARLIM 0.375 — — — 937.5 — 63.1
0.650 0.180 0.235 0.235 5163 SEB 0.235 UNCH 19.6 0.235 — — 18.8 0.525 0.361 0.380 0.375 5020 GLOMAC 0.375 -0.005 288.2 0.375 9.95 4.00 300.0
1.340 0.655 0.775 0.775 7165 SGB 0.775 -0.005 1000 0.775 — — 153.9 0.394 0.240 0.250 0.250 9962 GMUTUAL 0.250 UNCH 5 0.250 5.98 2.00 93.9
1.067 0.750 0.845 0.830 5181 SIGGAS 0.840 0.005 36.2 0.839 38.53 0.95 157.5 0.335 0.170 0.195 0.190 1147 GOB 0.195 UNCH 155.7 0.195 — — 88.7
0.740 0.410 0.500 0.460 7115 SKBSHUT 0.500 0.060 13.1 0.479 44.25 — 20.0 0.255 0.085 0.155 0.150 7077 GSB 0.150 -0.005 56.5 0.154 83.33 — 82.9
1.926 0.945 1.250 1.200 7155 SKPRES 1.240 0.020 1930.3 1.237 13.67 4.09 1,550.2 1.112 0.722 — — 1503 GUOCO 0.800 — — — 14.44 2.50 560.4
1.449 0.778 1.210 1.190 7248 SLP 1.210 0.010 44.4 1.202 18.01 3.72 383.5 1.370 1.150 1.270 1.250 7105 HCK 1.270 0.010 102.6 1.260 96.95 — 535.2
0.540 0.370 — — 7132 SMISCOR 0.495 — — — — — 22.2 0.835 0.500 — — 7010 HOOVER 0.625 — — — — — 25.0
2.329 0.720 0.815 0.800 5665 SSTEEL 0.800 -0.040 34 0.809 2.18 4.38 346.9 0.665 0.300 0.370 0.360 5062 HUAYANG 0.370 UNCH 75 0.369 25.87 — 130.2
0.230 0.100 0.160 0.145 7143 STONE 0.145 UNCH 55.3 0.146 — — 13.0 0.534 0.360 0.430 0.425 4251 IBHD 0.425 -0.015 25.5 0.428 6.43 5.01 429.9
1.240 0.400 0.500 0.480 6904 SUBUR 0.495 0.015 81 0.487 — — 103.5 0.831 0.150 — — 5084 IBRACO 0.595 — — — 14.41 4.62 295.4
1.110 0.520 0.550 0.550 7207 SUCCESS 0.550 UNCH 16.3 0.550 24.89 1.82 136.7 1.860 0.550 1.230 1.120 9687 IDEAL 1.230 0.030 26.2 1.179 2.98 — 135.9
1.710 1.350 1.540 1.520 5211 SUNWAY 1.530 -0.020 2370.4 1.530 11.44 4.25 7,534.4 3.415 2.390 2.500 2.480 5606 IGBB 2.480 -0.020 33.1 2.480 7.78 0.81 1,710.0
1.987 0.978 1.240 1.220 7235 SUPERLN 1.220 -0.020 64.6 1.229 15.93 1.56 195.2 1.997 1.210 1.590 1.550 5249 IOIPG 1.590 -0.010 786.7 1.579 13.42 3.14 8,754.8
2.285 1.430 1.530 1.490 7106 SUPERMX 1.490 -0.030 5754.7 1.508 17.13 2.68 2,026.9 0.344 0.195 0.220 0.215 5175 IVORY 0.215 UNCH 83.1 0.219 — 11.63 105.4
0.395 0.180 0.245 0.230 5149 TAS 0.245 0.020 75 0.236 18.28 — 44.1 1.440 0.365 0.490 0.475 1589 IWCITY 0.480 -0.010 3416.1 0.482 57.14 — 401.9
11.565 4.050 4.900 4.900 4448 TASEK 4.900 UNCH 0.3 4.900 — 8.16 605.7 0.500 0.250 — — 8923 JIANKUN 0.320 — — — — — 53.4
0.380 0.065 0.110 0.100 5178 TATGIAP 0.105 UNCH 13985.3 0.105 — — 26.4 0.100 0.070 — — 6769 JKGLAND 0.075 — — — 35.71 1.33 170.6
1.150 0.465 0.480 0.465 7097 TAWIN 0.475 0.005 190.5 0.474 — — 37.8 0.105 0.065 0.105 0.085 3115 KBUNAI 0.095 0.005 5432.5 0.096 13.97 — 548.8
0.970 0.805 0.880 0.865 5289 TECHBND 0.875 UNCH 1683.3 0.878 — — 201.3 0.940 0.555 0.660 0.660 7323 KEN 0.660 -0.070 4 0.660 2.55 3.79 126.5
0.960 0.680 0.680 0.680 8702 TEXCHEM 0.680 UNCH 31 0.680 — 14.71 84.4 1.070 0.675 0.845 0.835 5038 KSL 0.840 -0.005 1798.1 0.841 3.82 — 871.5
4.011 2.070 2.420 2.350 7034 TGUAN 2.420 0.060 1.4 2.355 12.00 3.31 330.2 0.203 0.130 0.160 0.155 3174 L&G 0.160 0.005 902.5 0.156 18.60 9.38 475.7
1.600 1.040 1.100 1.060 7374 TIENWAH 1.100 0.020 22.5 1.094 — 5.45 159.2 1.211 0.630 0.705 0.700 8494 LBICAP 0.705 UNCH 66.1 0.701 7.19 4.26 57.9
0.650 0.410 0.650 0.620 7854 TIMWELL 0.650 0.030 6.6 0.623 14.48 1.54 57.9 1.090 0.600 0.695 0.685 5789 LBS 0.685 -0.010 297.4 0.685 10.89 3.21 1,067.9
1.040 0.525 0.685 0.665 7285 TOMYPAK 0.685 0.005 59.2 0.674 118.10 3.07 287.6 0.480 0.280 0.290 0.280 3573 LIENHOE 0.290 0.010 184 0.288 14.65 — 104.9
4.190 2.476 4.020 4.020 5010 TONGHER 4.020 0.010 0.1 4.020 9.34 6.47 632.9 1.270 0.840 0.925 0.925 7617 MAGNA 0.925 0.045 0.1 0.925 13.43 — 309.8
6.297 4.610 4.870 4.820 7113 TOPGLOV 4.850 -0.040 4520 4.840 28.35 1.75 12,418.8 1.383 0.890 0.925 0.915 8583 MAHSING 0.920 -0.005 887.8 0.920 10.48 7.07 2,233.5
1.115 0.503 0.615 0.610 7173 TOYOINK 0.610 UNCH 43 0.611 19.24 1.64 65.3 0.989 0.390 0.540 0.510 6181 MALTON 0.520 -0.010 2371.6 0.527 8.95 3.85 274.6
0.780 0.620 — — 5167 TURBO 0.720 — — — 16.55 1.39 77.8 2.081 1.734 1.910 1.890 5236 MATRIX 1.910 UNCH 7.6 1.910 6.51 7.07 1,437.9
3.070 1.953 2.640 2.570 7100 UCHITEC 2.580 -0.060 139.6 2.580 17.07 5.81 1,162.9 2.240 1.540 1.800 1.790 7189 MBWORLD 1.790 0.060 4.6 1.792 4.26 3.85 281.7
2.222 0.480 0.610 0.600 7133 ULICORP 0.600 -0.020 80 0.601 31.25 5.55 130.7 0.965 0.615 0.620 0.615 5182 MCT 0.615 -0.015 8.4 0.619 8.58 — 896.1
2.750 2.000 2.260 2.250 7137 UMS 2.260 -0.140 3.6 2.252 15.98 2.65 92.0 0.510 0.265 0.300 0.290 5040 MEDAINC 0.300 UNCH 553 0.294 — — 147.8
1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 0.545 0.340 0.385 0.385 1694 MENANG 0.385 -0.010 24.1 0.385 11.06 — 185.1
1.078 0.871 1.000 1.000 7091 UNIMECH 1.000 UNCH 8 1.000 8.19 2.25 158.8 0.370 0.190 0.220 0.220 8141 MJPERAK 0.220 -0.010 10 0.220 12.02 — 56.6
0.750 0.355 0.370 0.370 4995 VERSATL 0.370 UNCH 49 0.370 — — 47.8 1.690 1.110 1.250 1.220 6114 MKH 1.230 -0.010 169 1.244 10.37 2.85 721.5
2.545 0.623 0.810 0.775 6963 VS 0.785 UNCH 57455.5 0.790 9.01 4.97 1,424.8 0.280 0.160 0.185 0.180 8893 MKLAND 0.180 -0.005 30 0.180 9.57 — 217.3
1.710 0.595 0.755 0.730 5142 WASEONG 0.755 0.015 273.6 0.744 4.15 — 585.0 0.120 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
0.825 0.240 — — 7226 WATTA 0.770 — — — 15.59 — 65.0 1.233 0.534 0.715 0.700 1651 MRCB 0.705 -0.005 9721.3 0.707 12.75 2.48 3,101.9
1.544 1.122 1.250 1.250 7231 WELLCAL 1.250 -0.010 17.1 1.250 19.62 4.36 622.4 0.640 0.390 — — 9539 MUH 0.455 — — — — — 25.7
0.655 0.460 — — 7692 WIDETEC 0.540 — — — 12.53 — 24.2 0.320 0.205 0.220 0.215 3913 MUIPROP 0.220 UNCH 1064.6 0.220 26.83 — 168.1
0.962 0.559 0.670 0.595 7050 WONG 0.600 0.025 13 0.620 7.92 — 68.8 1.120 0.430 0.450 0.445 5073 NAIM 0.445 UNCH 275.2 0.446 — — 269.4
0.680 0.500 — — 7025 WOODLAN 0.630 — — — — — 25.2 2.289 1.883 2.050 2.050 5827 OIB 2.050 0.030 10 2.050 7.45 3.41 317.5
1.959 1.390 — — 5009 WTHORSE 1.550 — — — — 4.52 372.0 1.028 0.835 0.915 0.905 5053 OSK 0.915 UNCH 340.7 0.911 7.39 6.01 1,917.2
0.756 0.415 0.485 0.460 4243 WTK 0.480 0.020 546.7 0.474 2.12 2.08 231.0 2.260 1.671 2.200 2.120 1724 PARAMON 2.130 -0.020 52.9 2.128 10.15 3.99 912.2
0.691 0.160 0.360 0.310 7245 WZSATU 0.330 0.020 528.1 0.333 — 4.55 153.5 0.619 0.300 0.440 0.400 6912 PASDEC 0.400 -0.010 517 0.413 — — 160.1
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 0.070 0.015 0.020 0.020 4464 PHB 0.020 UNCH 324.4 0.020 — — 35.0
0.760 0.545 — — 5048 YILAI 0.570 — — — — — 91.2 1.830 1.250 — — 7055 PLB 1.490 — — — — — 167.5
0.455 0.090 — — 7020 YKGI 0.115 — — — — — 40.3 1.595 1.305 1.440 1.430 5075 PLENITU 1.430 -0.010 45 1.434 12.43 3.15 545.6
0.445 0.200 0.230 0.230 7014 YLI 0.230 -0.010 7.5 0.230 — — 23.7 6.150 5.220 5.900 5.750 7765 RAPID 5.760 -0.090 2340 5.772 355.5 — 615.7
CONSTRUCTION 1.120 0.600 — — 4596 SAPRES 0.660 — — — 8.68 — 92.1
0.835 0.241 0.300 0.295 5281 ADVCON 0.300 -0.005 371.6 0.298 14.15 3.33 120.6 0.630 0.400 0.500 0.490 5207 SBCCORP 0.500 0.010 12.1 0.494 15.58 — 129.1
0.857 0.274 0.350 0.345 7078 AZRB 0.345 UNCH 669 0.345 13.91 2.58 206.3 0.930 0.600 0.670 0.650 2224 SDRED 0.650 -0.020 62 0.663 3.11 3.85 277.0
0.405 0.155 0.185 0.180 5190 BENALEC 0.180 UNCH 386 0.180 — 2.22 155.1 0.470 0.285 — — 4286 SEAL 0.345 — — — 3.02 — 83.8
0.385 0.165 0.285 0.235 5932 BPURI 0.245 -0.035 33615.9 0.268 17.50 — 93.6 2.617 2.180 2.330 2.330 6017 SHL 2.330 -0.010 1 2.330 8.16 9.44 564.1
0.957 0.725 0.750 0.745 8761 BREM 0.750 0.005 75 0.750 9.99 2.67 259.1 1.577 0.905 1.140 1.100 5288 SIMEPROP 1.140 -0.010 2741.8 1.116 27.80 5.26 7,753.0
1.100 0.790 0.880 0.865 8591 CRESBLD 0.865 -0.010 223.8 0.869 2.41 4.62 153.0 0.250 0.135 0.160 0.160 4375 SMI 0.160 0.005 10 0.160 — — 33.6
1.840 1.535 — — 7528 DKLS 1.780 — — — 23.51 1.69 165.0 0.670 0.345 — — 5213 SNTORIA 0.400 — — — 8.00 — 226.9
1.291 0.360 0.500 0.470 5253 ECONBHD 0.495 0.010 8916.2 0.487 8.18 3.23 662.1 6.130 3.950 6.130 6.100 1783 SPB 6.130 0.030 70.1 6.122 — 1.96 2,106.4
1.075 0.411 0.535 0.515 8877 EKOVEST 0.520 -0.015 4540.7 0.524 9.40 1.92 1,112.4 3.247 1.930 2.440 2.350 8664 SPSETIA 2.440 0.040 1553.1 2.419 8.40 6.35 9,658.9
0.852 0.300 0.355 0.350 7047 FAJAR 0.355 UNCH 74.2 0.353 7.70 4.23 132.7 1.340 0.580 0.600 0.590 3743 SUNSURIA 0.600 0.010 79.2 0.597 4.72 — 479.3
1.136 0.475 0.610 0.595 9261 GADANG 0.610 UNCH 1028.9 0.604 4.23 4.92 403.6 0.751 0.320 0.365 0.365 1538 SYMLIFE 0.365 -0.005 22.4 0.365 2.35 — 215.5
5.075 1.948 2.750 2.590 5398 GAMUDA 2.650 -0.100 15491.8 2.642 13.49 4.53 6,540.3 0.330 0.165 0.240 0.240 4022 TADMAX 0.240 UNCH 887 0.240 — — 188.1
1.852 0.595 1.060 0.895 5226 GBGAQRS 1.020 0.010 25923.2 0.977 6.80 4.17 504.5 0.363 0.240 0.265 0.255 5158 TAGB 0.265 0.005 60 0.263 5.09 2.26 1,410.3
4.257 0.741 1.180 1.020 3204 GKENT 1.130 0.060 22993.5 1.137 5.35 3.10 636.5 0.045 0.025 0.025 0.025 2259 TALAMT 0.025 UNCH 80 0.025 — — 105.5
0.610 0.280 0.355 0.350 5169 HOHUP 0.350 -0.005 309.7 0.351 4.33 — 131.2 1.050 0.690 0.790 0.775 5191 TAMBUN 0.780 0.005 195.9 0.781 5.77 8.59 338.0
1.615 1.272 1.350 1.340 6238 HSL 1.350 UNCH 87.6 1.350 13.04 1.78 786.6 0.112 0.045 0.055 0.055 2429 TANCO 0.055 UNCH 479.1 0.055 — — 36.9
3.099 1.373 1.740 1.700 3336 IJM 1.710 -0.050 3918.1 1.720 31.49 2.92 6,217.0 0.485 0.131 0.205 0.205 7889 THRIVEN 0.205 UNCH 343.2 0.205 4.71 — 101.9
0.560 0.090 0.125 0.115 5268 IKHMAS 0.120 UNCH 1903.9 0.120 — — 65.4 0.120 0.045 0.080 0.080 7079 TIGER 0.080 UNCH 20223.4 0.080 — — 85.2
0.781 0.444 0.530 0.525 8834 IREKA 0.530 -0.005 17 0.526 58.89 3.77 99.0 0.705 0.285 0.310 0.305 5239 TITIJYA 0.310 UNCH 23.7 0.308 5.87 0.81 416.8
1.840 0.405 0.550 0.520 4723 JAKS 0.550 0.020 9252.3 0.537 2.08 — 300.3 0.930 0.805 0.895 0.885 5401 TROP 0.885 -0.010 104.8 0.887 6.99 3.14 1,301.3
1.868 0.990 1.260 1.250 7161 KERJAYA 1.250 -0.010 265.7 1.253 13.14 1.60 1,552.5 1.243 0.620 0.780 0.755 5148 UEMS 0.780 0.010 707.1 0.768 12.19 1.28 3,539.2
2.199 1.000 1.150 1.150 5171 KIMLUN 1.150 0.010 14.5 1.150 5.95 4.78 381.7 2.549 1.840 2.360 2.200 5200 UOADEV 2.270 -0.070 226.4 2.313 9.15 6.61 4,187.9
1.220 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 0.310 0.105 0.170 0.145 6378 WMG 0.170 0.010 31.6 0.150 — — 72.4
0.769 0.450 0.480 0.460 5129 MELATI 0.460 -0.005 30 0.470 22.66 2.17 55.2 1.000 0.910 — — 7003 Y&G 0.910 — — — 17.30 — 181.4
1.926 0.900 0.920 0.920 8192 MERCURY 0.920 0.020 3 0.920 24.73 4.35 37.0 1.660 1.040 1.280 1.270 3158 YNHPROP 1.270 -0.010 823.6 1.270 21.64 0.55 671.8
0.905 0.240 0.880 0.840 5006 MERGE 0.850 UNCH 45.3 0.846 — — 57.0 1.610 0.300 0.390 0.360 7066 YONGTAI 0.385 0.010 10280.3 0.374 23.48 — 187.0
1.750 0.680 — — 7595 MGB 0.705 — — — 9.90 — 350.3 0.525 0.370 0.390 0.385 2577 YTLLAND 0.390 0.005 69 0.385 — — 329.3
0.866 0.225 0.315 0.300 9571 MITRA 0.310 UNCH 2008 0.308 4.50 6.45 277.8 TRANSPORTATION & LOGISTICS
0.280 0.115 0.170 0.160 5924 MTDACPI 0.170 UNCH 34 0.160 6.97 — 39.4 9.926 7.260 8.170 8.060 5014 AIRPORT 8.120 0.020 3331.3 8.121 20.12 1.60 13,472.6
1.040 0.265 0.340 0.310 5085 MUDAJYA 0.320 -0.005 339.2 0.319 — — 193.7 2.058 1.182 1.300 1.280 8133 BHIC 1.300 UNCH 15.8 1.285 — 2.69 323.0
3.272 2.452 2.820 2.730 5703 MUHIBAH 2.790 0.010 628.3 2.786 9.35 2.51 1,349.0 5.909 4.410 — — 5032 BIPORT 4.440 — — — 19.60 3.15 2,042.4
0.555 0.270 0.285 0.275 7071 OCR 0.280 UNCH 1210.4 0.280 50.91 — 90.1 0.490 0.330 0.380 0.345 7187 CHGP 0.380 0.010 55 0.365 19.19 — 112.9
0.835 0.730 — — 5622 PEB 0.810 — — — 2.79 — 56.0 0.998 0.385 0.500 0.480 7117 CJCEN 0.500 0.005 1323.8 0.488 15.58 3.00 197.1
0.463 0.170 0.205 0.195 8311 PESONA 0.205 0.005 426.9 0.200 10.73 4.88 142.5 0.760 0.535 0.700 0.680 5136 COMPLET 0.700 0.020 456.9 0.700 7.50 — 87.0
0.942 0.190 0.275 0.260 5070 PRTASCO 0.265 UNCH 3275.6 0.266 48.18 19.13 131.3 0.605 0.280 0.445 0.430 5259 EATECH 0.445 -0.005 324.9 0.442 1.94 — 224.3
0.180 0.095 0.130 0.120 7145 PSIPTEK 0.125 UNCH 3021.7 0.124 17.36 — 43.6 0.810 0.505 0.550 0.545 7210 FREIGHT 0.545 -0.010 402.7 0.550 7.80 6.11 152.2
3.528 2.167 — — 9598 PTARAS 2.350 — — — 26.80 8.51 389.8 0.655 0.255 0.305 0.300 0078 GDEX 0.300 UNCH 876.8 0.301 73.17 0.67 1,680.8
0.689 0.315 0.370 0.360 6807 PUNCAK 0.365 UNCH 202.3 0.362 — 1.37 164.0 0.450 0.280 0.320 0.300 7676 GUNUNG 0.320 0.040 70 0.309 16.67 — 75.6
1.090 0.455 0.635 0.615 5205 SENDAI 0.630 -0.010 1401.8 0.624 6.15 — 492.1 0.858 0.611 0.710 0.690 2062 HARBOUR 0.700 0.010 7 0.694 7.56 1.43 280.3
2.516 1.300 1.550 1.530 5263 SUNCON 1.550 -0.020 751.8 1.540 14.31 4.84 2,004.0 0.130 0.030 0.060 0.055 7013 HUBLINE 0.060 UNCH 9019.7 0.060 — — 226.8
0.295 0.210 0.235 0.225 9717 SYCAL 0.235 0.005 48.4 0.230 54.65 — 97.8 0.790 0.450 0.455 0.455 5614 ILB 0.455 UNCH 10 0.455 — — 88.7
0.748 0.405 0.590 0.575 5054 TRC 0.585 UNCH 3476.3 0.582 14.27 4.79 281.1 5.781 3.557 4.600 4.510 6645 LITRAK 4.580 -0.020 504.6 4.589 10.55 4.37 2,418.1
0.580 0.295 — — 5042 TSRCAP 0.415 — — — 37.05 — 72.4 0.200 0.055 0.070 0.070 5078 M&G 0.070 -0.005 8 0.070 — 71.43 50.7
0.240 0.180 — — 0301 UNIWALL 0.240 — — — 21.05 — 87.8 0.710 0.410 0.655 0.625 5077 MAYBULK 0.640 0.010 369.5 0.637 — — 640.0
1.030 0.770 1.020 0.995 7070 VIZIONE 1.010 -0.010 1644.3 1.005 9.16 — 564.5 7.290 4.917 6.750 6.510 3816 MISC 6.640 -0.010 4166.5 6.648 28.46 4.52 29,639.6
1.220 0.470 0.490 0.480 3565 WCEHB 0.480 -0.005 233.2 0.484 55.81 — 481.3 2.080 0.825 0.915 0.860 2194 MMCCORP 0.870 -0.040 1183.2 0.878 14.05 4.60 2,649.2
1.680 0.660 0.835 0.810 9679 WCT 0.820 -0.020 1927.1 0.817 6.89 3.66 1,161.5 0.530 0.200 — — 9806 NATWIDE 0.250 — — — — — 30.8
0.745 0.150 — — 7028 ZECON 0.205 — — — 11.33 — 26.9 0.140 0.025 0.040 0.035 6254 PDZ 0.035 -0.005 948.2 0.035 — — 23.9
0.130 0.025 0.065 0.055 2283 ZELAN 0.060 UNCH 3943.3 0.060 — — 50.7 4.967 1.550 1.950 1.880 4634 POS 1.940 0.030 727.8 1.926 56.40 4.12 1,518.6
HEALTH CARE 1.270 0.295 0.405 0.400 8346 PRKCORP 0.405 UNCH 20 0.403 — — 40.5
0.625 0.350 — — 7191 ADVENTA 0.350 — — — 33.98 — 53.5 0.190 0.090 0.130 0.115 5145 SEALINK 0.130 0.005 524.9 0.119 — — 65.0
8.870 4.799 8.450 8.350 7090 AHEALTH 8.350 -0.050 23.4 8.399 17.93 1.56 981.8 1.531 0.940 — — 7053 SEEHUP 0.940 — — — — 3.35 75.6
1.463 0.925 0.990 0.975 7148 CCMDBIO 0.990 0.010 60.2 0.982 14.27 4.11 655.3 1.850 1.450 1.800 1.750 6521 SURIA 1.760 -0.030 146.8 1.775 8.09 1.99 507.2
7.383 4.920 5.530 5.420 5168 HARTA 5.500 0.010 3468.8 5.488 38.43 1.53 18,317.9 0.405 0.210 0.280 0.280 5173 SYSCORP 0.280 0.015 50 0.280 16.77 — 336.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.395 0.180 0.245 0.230 5149 TAS 0.245 0.020 75 0.236 18.28 — 44.1 0.635 0.130 0.220 0.205 2739 HUAAN 0.210 UNCH 17923.4 0.212 5.82 — 235.7
2.110 0.990 1.210 1.180 5140 TASCO 1.180 -0.030 44.5 1.186 11.23 3.81 236.0 0.270 0.060 0.095 0.090 5255 ICON 0.095 0.005 884.6 0.090 — — 111.8
1.290 0.720 0.740 0.730 8397 TNLOGIS 0.735 UNCH 114.7 0.735 12.46 2.72 338.7 0.260 0.070 0.100 0.090 7164 KNM 0.100 0.005 6852 0.097 — — 236.9
1.150 0.350 0.840 0.805 7218 TOCEAN 0.805 -0.055 84 0.819 — — 33.0 0.865 0.495 0.710 0.685 5186 MHB 0.685 -0.030 210 0.693 — 4.38 1,096.0
3.950 3.003 3.900 3.710 5246 WPRTS 3.880 -0.020 624.2 3.856 22.10 3.44 13,230.8 0.860 0.315 0.375 0.375 5133 PENERGY 0.375 -0.005 0.7 0.375 — 5.33 120.7
1.240 0.620 0.795 0.770 5267 XINHWA 0.795 0.020 1414.7 0.782 23.04 1.26 171.7 0.480 0.175 0.255 0.245 7108 PERDANA 0.245 -0.010 1766.4 0.246 — — 190.7
PLANTATION 0.075 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.220 0.140 — — 7054 AASIA 0.145 — — — — — 95.7 13.009 6.010 6.640 6.550 3042 PETRONM 6.570 0.010 36.9 6.595 5.07 3.81 1,773.9
19.180 16.200 16.820 16.700 1899 BKAWAN 16.700 -0.200 0.3 16.78 14.41 3.29 7,280.4 0.520 0.210 0.320 0.310 5256 REACH 0.310 -0.015 3996.5 0.312 — — 339.9
8.269 6.700 7.000 7.000 5069 BLDPLNT 7.000 UNCH 10 7.000 128.68 0.43 654.5 0.910 0.275 0.285 0.275 5218 SAPNRG 0.285 0.005 115750.7 0.283 — — 4,554.0
1.295 0.655 0.950 0.930 5254 BPLANT 0.950 0.015 47.1 0.945 — 10.38 2,128.0 0.259 0.040 0.050 0.040 7158 SCOMI 0.050 0.005 1138.2 0.045 — — 54.7
0.808 0.530 0.620 0.615 8982 CEPAT 0.615 0.015 80.2 0.617 14.34 3.25 195.8 0.140 0.030 0.050 0.045 7045 SCOMIES 0.050 UNCH 12.9 0.045 — — 117.1
7.833 6.343 — — 1929 CHINTEK 6.650 — — — 8.42 2.71 607.6 4.256 2.815 3.680 3.630 5279 SERBADK 3.640 -0.030 4920 3.644 14.53 2.01 5,345.3
0.595 0.435 0.480 0.480 3948 DUTALND 0.480 -0.005 70.2 0.480 — — 406.1 0.120 0.005 0.010 0.005 1201 SUMATEC 0.010 UNCH 3563 0.008 — — 42.5
3.459 1.973 2.820 2.820 5029 FAREAST 2.820 0.020 1 2.820 1.44 1.62 1,674.6 0.665 0.300 0.395 0.375 7228 T7GLOBAL 0.380 0.005 209.2 0.385 35.51 — 159.4
2.090 0.630 1.030 0.915 5222 FGV 1.010 0.080 80123.7 0.981 — 5.20 3,684.6 0.115 0.025 0.040 0.035 7206 THHEAVY 0.040 0.005 203.2 0.038 — — 44.9
10.396 9.002 10.060 9.990 2291 GENP 10.020 UNCH 3333.3 10.00 30.00 1.42 8,075.4 1.570 0.550 0.775 0.750 7250 UZMA 0.765 -0.015 200.4 0.759 16.07 — 244.8
0.580 0.335 0.400 0.400 7382 GLBHD 0.400 0.020 2 0.400 — 2.50 89.2 0.375 0.165 0.220 0.210 5243 VELESTO 0.215 -0.005 8404.7 0.216 — — 1,766.4
1.100 0.550 0.740 0.740 2135 GOPENG 0.740 -0.010 2 0.740 35.92 3.61 199.1 1.710 0.595 0.755 0.730 5142 WASEONG 0.755 0.015 273.6 0.744 4.15 — 585.0
0.650 0.340 — — 7501 HARNLEN 0.440 — — — — — 81.6 4.905 3.597 4.060 4.030 7293 YINSON 4.060 UNCH 1634.6 4.045 18.87 1.48 4,438.1
2.545 1.610 1.820 1.820 5138 HSPLANT 1.820 UNCH 1 1.820 21.09 4.12 1,456.0
2.610 1.300 — — 2216 IJMPLNT 1.540 — — — — 3.25 1,356.1
0.754 0.610 0.635 0.630 2607 INCKEN 0.635 0.005 10 0.633 — 1.72 267.2
1.120 0.605 0.650
4.757 4.100 4.670
1.108 0.430 0.615
0.650
4.550
0.550
6262
1961
4383
INNO
IOICORP
JTIASA
0.650
4.650
0.615
UNCH
UNCH 3553.7
1.4

0.065 1847.2
0.650 15.22
4.647 28.32
0.585 —
7.69
1.94
0.81
311.3
29,222.7
598.8
Ace Market
25.809 23.106 24.680 24.200 2445 KLK 24.600 UNCH 705.4 24.58 34.78 1.83 26,260.6 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
4.588 3.620 3.850 3.780 2453 KLUANG 3.850 0.030 6.5 3.796 91.45 0.26 243.2 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.453 1.130 1.280 1.240 5027 KMLOONG 1.280 0.030 20.4 1.247 17.58 4.69 1,197.3
0.880 0.365 0.405 0.405 1996 KRETAM 0.405 -0.005 5 0.405 — 2.47 942.7 CONSUMER PRODUCTS & SERVICES
1.550 0.800 — — 6572 KWANTAS 0.810 — — — — — 252.5 0.725 0.325 0.455 0.420 0098 BAHVEST 0.450 0.020 7033.4 0.441 28.85 — 549.7
1.095 0.760 — — 4936 MALPAC 0.840 — — — — 11.90 63.0 0.275 0.190 0.205 0.200 0179 BIOHLDG 0.200 -0.005 993.8 0.201 12.58 0.55 172.0
0.833 0.560 0.630 0.630 5026 MHC 0.630 UNCH 12 0.630 11.73 3.17 123.8 0.350 0.210 0.240 0.230 0205 DPIH 0.235 -0.005 935.6 0.234 7.53 — 114.4
2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 0.310 0.120 0.150 0.145 0116 FOCUS 0.150 Unch 4685.7 0.150 — — 306.3
3.859 3.110 3.200 3.200 2038 NSOP 3.200 UNCH 1 3.200 9.75 1.88 224.6 0.259 0.144 — — 0157 FOCUSP 0.160 — — — 7.41 6.25 26.4
0.690 0.140 0.365 0.345 1902 PINEPAC 0.360 0.005 146.2 0.355 — — 53.9 0.165 0.085 — — 0074 GOCEAN 0.100 — — — — — 29.0
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.190 0.040 0.045 0.040 0170 KANGER 0.045 Unch 1115 0.045 8.04 — 40.2
0.370 0.140 0.190 0.180 5113 RSAWIT 0.190 0.005 966.5 0.184 — — 269.5 0.215 0.125 0.155 0.150 0180 KTC 0.150 -0.005 159 0.155 — — 76.5
3.954 2.981 3.100 3.100 2542 RVIEW 3.100 0.080 3 3.100 33.81 1.94 201.0 0.210 0.105 0.115 0.115 0182 LKL 0.115 Unch 446.1 0.115 — 3.04 49.3
3.461 2.740 — — 2569 SBAGAN 3.160 — — — 27.92 0.63 209.6 0.780 0.280 0.450 0.435 0201 NOVA 0.435 -0.010 255.6 0.442 16.35 4.14 138.2
0.610 0.320 0.325 0.325 4316 SHCHAN 0.325 0.005 6 0.325 — — 42.9 0.200 0.110 — — 0153 OVERSEA 0.130 — — — — — 32.0
5.596 3.950 5.170 5.100 5285 SIMEPLT 5.150 -0.020 3509.9 5.147 42.56 — 35,455.6 0.195 0.075 0.080 0.080 0022 PARLO 0.080 -0.005 8 0.080 0.50 — 29.1
3.807 1.960 2.590 2.550 5126 SOP 2.590 0.020 6.9 2.568 14.33 2.32 1,478.6 0.350 0.235 0.310 0.295 0171 PLABS 0.310 0.015 882.3 0.301 16.85 1.94 66.6
1.800 1.455 1.540 1.530 5135 SWKPLNT 1.530 -0.010 14 1.531 — 3.27 428.4 0.550 0.433 0.490 0.485 0158 SCC 0.485 -0.035 71.3 0.486 9.42 7.01 68.5
3.326 1.882 2.560 2.440 5012 TAANN 2.470 -0.110 152.5 2.472 14.95 4.05 1,098.8 0.300 0.135 0.155 0.155 0140 STERPRO 0.155 0.005 10 0.155 — — 49.8
0.495 0.145 0.185 0.175 2054 TDM 0.180 0.005 6961 0.178 — 2.78 302.9 0.315 0.130 0.175 0.170 0148 SUNZEN 0.175 0.005 170.7 0.170 79.55 1.71 92.0
1.030 0.455 0.585 0.570 5112 THPLANT 0.585 0.005 55.4 0.577 — 6.15 517.1 0.393 0.190 0.320 0.305 0197 WEGMANS 0.310 -0.005 658 0.311 15.74 1.61 155.0
1.633 0.960 1.050 1.050 9059 TSH 1.050 UNCH 7 1.050 27.49 1.90 1,450.9 0.070 0.030 0.040 0.040 0095 XINGHE 0.040 Unch 4.5 0.040 — — 102.9
6.505 5.101 5.430 5.400 2593 UMCCA 5.430 -0.070 20.7 5.407 50.42 1.47 1,138.6 INDUSTRIAL PRODUCTS & SERVICES
28.062 25.000 25.800 25.800 2089 UTDPLT 25.800 -0.300 0.9 0.000 13.85 1.55 5,369.9 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
TELECOMMUNICATIONS & MEDIA 0.147 0.060 — — 0105 ASIAPLY 0.075 — — — 250.00 6.67 33.5
0.165 0.075 0.145 0.145 0159 AMEDIA 0.145 0.005 120 0.145 — — 34.7 0.110 0.045 0.050 0.050 0072 AT 0.050 -0.005 583.3 0.050 — — 23.2
0.700 0.610 0.655 0.655 7031 AMTEL 0.655 -0.005 9 0.655 — — 35.5 0.250 0.140 0.200 0.195 0187 BCMALL 0.200 0.005 682.9 0.195 12.20 — 84.3
2.433 1.026 1.480 1.450 6399 ASTRO 1.480 0.030 804 1.469 14.67 7.77 7,717.2 0.320 0.185 0.195 0.190 0163 CAREPLS 0.195 Unch 39 0.193 — — 103.6
5.653 3.200 4.110 4.020 6888 AXIATA 4.080 -0.040 1906.7 4.071 — 2.08 37,011.5 0.210 0.120 — — 0102 CONNECT 0.120 — — — — — 39.5
0.375 0.120 — — 6025 BJMEDIA 0.230 — — — — — 54.1 0.346 0.170 — — 0190 ESAFE 0.210 — — — 41.18 8.57 50.5
4.785 3.844 4.520 4.460 6947 DIGI 4.520 UNCH 2319.9 4.516 23.07 4.29 35,143.0 0.251 0.105 0.165 0.165 0100 ESCERAM 0.165 -0.015 13 0.165 1650.0 3.64 33.9
0.405 0.180 0.255 0.255 0059 ECOHLDS 0.255 0.005 36.6 0.255 — — 41.5 0.628 0.336 0.445 0.430 0039 GFM 0.435 Unch 56.9 0.434 19.68 2.11 204.8
0.570 0.280 0.315 0.310 0082 GPACKET 0.315 -0.005 76 0.313 — — 283.9 0.270 0.115 0.140 0.130 0175 HHGROUP 0.140 Unch 460.4 0.132 — — 47.5
5.929 5.102 5.740 5.650 6012 MAXIS 5.740 UNCH 2299.6 5.731 21.62 3.48 44,867.6 0.125 0.080 0.090 0.090 0160 HHHCORP 0.090 Unch 128.1 0.090 16.98 — 30.0
0.705 0.250 0.385 0.380 4502 MEDIA 0.380 -0.010 116 0.381 — — 421.5 0.300 0.135 — — 0188 HLT 0.135 — — — — — 69.1
0.465 0.181 0.220 0.205 5090 MEDIAC 0.210 0.005 2036.4 0.210 0.92 7.19 354.3 0.100 0.035 0.070 0.065 0024 JAG 0.065 -0.005 8140.8 0.068 36.11 2.92 98.5
0.889 0.400 0.505 0.470 0172 OCK 0.500 0.015 6247.1 0.493 18.05 2.00 435.7 0.304 0.185 0.205 0.200 0193 KAB 0.205 -0.005 389.5 0.201 7.48 4.88 65.6
0.528 0.330 — — 7190 PPG 0.370 — — — 75.51 5.41 37.0 0.220 0.105 — — 0167 MCLEAN 0.105 — — — — — 18.8
0.625 0.200 0.250 0.225 5252 SASBADI 0.230 0.015 9713.5 0.239 46.94 2.91 96.4 0.260 0.135 0.195 0.190 0081 MEGASUN 0.190 -0.010 260 0.192 21.59 — 42.0
0.860 0.530 — — 9431 SJC 0.680 — — — 58.12 — 27.6 0.165 0.050 — — 0177 PASUKGB 0.070 — — — — — 56.8
1.361 0.620 0.710 0.700 6084 STAR 0.705 0.005 29 0.705 — 17.02 520.7 0.340 0.130 — — 0038 PTB 0.140 — — — — — 26.1
8.903 7.060 8.300 8.160 5031 TIMECOM 8.220 -0.080 14.8 8.274 17.98 0.64 4,798.0 0.380 0.165 0.230 0.220 0196 QES 0.230 0.005 2368.5 0.224 11.79 — 174.4
6.078 2.110 2.770 2.700 4863 TM 2.700 -0.070 2395.1 2.720 28.21 7.96 10,146.4 0.180 0.055 0.060 0.055 0133 SANICHI 0.060 Unch 10504.5 0.060 — — 66.5
0.540 0.085 — — 5754 UTUSAN 0.130 — — — — — 14.4 0.235 0.090 0.120 0.115 0161 SCH 0.120 0.005 261.1 0.120 — — 66.7
TECHNOLOGY 0.745 0.280 0.630 0.615 0001 SCOMNET 0.625 -0.010 225.8 0.623 31.73 — 401.9
0.700 0.610 0.655 0.655 7031 AMTEL 0.655 -0.005 9 0.655 — — 35.5 0.188 0.115 0.135 0.135 0028 SCOPE 0.135 Unch 10 0.135 — 3.70 75.7
0.275 0.120 0.160 0.145 5195 CENSOF 0.150 -0.005 408 0.149 — — 75.3 0.180 0.080 0.100 0.100 0055 SERSOL 0.100 -0.005 39.7 0.100 — — 21.5
0.665 0.130 0.220 0.210 0051 CUSCAPI 0.215 UNCH 2493.8 0.213 — — 184.7 0.559 0.254 0.305 0.300 0084 TECFAST 0.305 -0.005 135 0.304 17.63 3.28 69.6
0.993 0.542 0.705 0.690 7204 D&O 0.695 UNCH 2148.8 0.697 23.32 1.19 766.7 0.788 0.510 0.575 0.510 0089 TEXCYCL 0.510 -0.030 72.2 0.557 12.78 1.96 130.7
0.350 0.175 0.240 0.220 8338 DATAPRP 0.230 0.005 710.7 0.234 — — 96.9 0.435 0.220 0.310 0.295 0162 WIDAD 0.300 -0.005 2545.6 0.302 — — 736.4
0.130 0.040 0.050 0.050 0029 DIGISTA 0.050 UNCH 300 0.050 — — 32.9 0.195 0.125 0.145 0.145 0025 YBS 0.145 Unch 115 0.145 18.13 — 35.1
0.530 0.195 0.280 0.270 4456 DNEX 0.275 -0.005 4709 0.275 9.68 1.82 483.5 TECHNOLOGY
1.164 0.285 0.485 0.460 5216 DSONIC 0.470 -0.010 9915.9 0.471 13.20 7.45 634.5 0.517 0.190 0.240 0.235 0181 AEMULUS 0.235 -0.005 349.7 0.236 24.48 0.85 129.0
0.840 0.335 0.590 0.550 5036 EDARAN 0.560 -0.020 908.8 0.561 4.55 — 33.6 0.385 0.090 0.105 0.105 0119 APPASIA 0.105 -0.005 529 0.105 87.50 — 36.3
1.567 0.324 0.555 0.505 0065 EFORCE 0.530 UNCH 4086.9 0.536 32.12 2.83 219.7 0.535 0.130 0.240 0.230 0068 ASDION 0.235 Unch 1212.9 0.233 — — 27.3
1.476 0.895 1.120 1.080 0090 ELSOFT 1.100 -0.020 171.4 1.097 17.24 3.03 732.4 0.553 0.351 0.385 0.370 0195 BINACOM 0.380 0.005 523.7 0.377 9.38 2.63 98.8
0.983 0.341 0.725 0.700 0128 FRONTKN 0.715 -0.005 3342.2 0.712 17.27 0.98 753.2 0.484 0.200 0.210 0.200 0191 CABNET 0.200 Unch 47.7 0.202 8.93 4.75 35.8
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.185 0.098 0.135 0.130 0152 DGB 0.135 -0.005 5134.8 0.135 — — 102.1
1.860 1.030 1.680 1.620 0021 GHLSYS 1.650 UNCH 40 1.652 51.56 — 1,217.7 0.250 0.080 0.090 0.085 0131 DGSB 0.085 Unch 276 0.085 — — 63.4
0.570 0.280 0.315 0.310 0082 GPACKET 0.315 -0.005 76 0.313 — — 283.9 0.040 0.010 — — 0154 EAH 0.020 — — — — — 101.4
0.238 0.180 0.200 0.190 0056 GRANFLO 0.190 -0.005 60.2 0.193 9.79 3.16 91.8 0.180 0.020 0.030 0.025 0107 EDUSPEC 0.025 Unch 618.6 0.026 — — 25.0
2.859 1.390 1.750 1.700 7022 GTRONIC 1.730 -0.050 1725.5 1.719 15.76 1.16 1,157.4 2.040 1.110 — — 0104 GENETEC 1.800 — — — 8.84 1.39 75.1
1.160 0.340 0.985 0.865 5028 HTPADU 0.895 -0.050 4659.6 0.912 — — 90.6 0.100 0.045 0.060 0.055 0045 GNB 0.060 Unch 60 0.056 — — 17.3
2.506 1.220 1.430 1.380 0166 INARI 1.400 -0.030 7703.3 1.406 16.30 4.62 4,433.4 0.130 0.020 — — 0174 IDMENSN 0.025 — — — — — 6.8
0.420 0.250 0.280 0.280 0192 INTA 0.280 UNCH 20 0.280 1.76 — 149.9 0.388 0.185 0.220 0.220 0023 IFCAMSC 0.220 -0.005 678.1 0.220 19.82 2.27 133.8
0.220 0.070 0.100 0.095 9393 ITRONIC 0.100 -0.010 294 0.098 — — 10.3 0.120 0.055 0.100 0.085 0094 INIX 0.095 Unch 8345.8 0.089 — — 24.6
0.439 0.155 0.190 0.180 5161 JCY 0.180 -0.010 1706.1 0.183 — 16.67 373.8 0.240 0.115 0.155 0.145 0010 IRIS 0.145 -0.005 50723.4 0.147 — — 430.1
20.573 7.360 8.960 8.880 9334 KESM 8.900 -0.060 16.8 8.935 12.52 2.08 382.8 1.110 0.590 0.750 0.720 0146 JFTECH 0.720 -0.040 24.3 0.745 101.41 1.67 151.2
0.250 0.095 0.120 0.110 0143 KEYASIC 0.120 0.005 2298.2 0.115 22.22 — 114.1 1.686 0.696 0.885 0.870 0127 JHM 0.880 -0.010 714.6 0.874 14.84 1.92 490.7
3.341 1.358 2.280 2.220 5286 MI 2.220 -0.060 65.3 2.240 16.95 — 1,110.0 0.292 0.108 0.245 0.240 0111 K1 0.240 0.005 4509.9 0.243 240.00 — 174.9
1.403 0.660 0.790 0.750 0113 MMSV 0.790 0.015 28.8 0.771 14.26 2.03 161.0 0.150 0.040 0.050 0.045 0036 KGROUP 0.045 Unch 89 0.046 — — 23.4
13.087 7.363 10.180 10.060 3867 MPI 10.140 -0.020 148.9 10.14 12.97 2.86 2,128.2 0.895 0.430 0.615 0.605 0176 KRONO 0.610 Unch 694.9 0.608 13.47 — 243.3
1.930 0.950 1.930 1.700 5011 MSNIAGA 1.750 0.250 1599 1.808 8.57 2.86 105.7 0.270 0.115 0.125 0.125 0018 LAMBO 0.125 0.010 0.1 0.125 13.02 — 261.8
3.030 0.655 1.020 0.960 0138 MYEG 1.020 0.050 22709 0.992 48.57 1.67 3,678.4 0.640 0.310 0.370 0.350 0075 LYC 0.360 -0.015 240.8 0.354 — — 117.0
0.778 0.507 0.655 0.635 0083 NOTION 0.635 -0.010 338.6 0.640 4.74 1.57 211.6 0.155 0.045 0.055 0.050 0017 M3TECH 0.055 Unch 1901.8 0.055 — — 32.3
0.550 0.335 0.395 0.380 9008 OMESTI 0.390 -0.005 610.4 0.388 — — 186.0 0.370 0.205 — — 0155 MGRC 0.260 — — — — — 26.9
0.315 0.190 0.270 0.240 0041 PANPAGE 0.245 -0.020 28299.3 0.257 — — 65.0 0.720 0.335 — — 0126 MICROLN 0.540 — — — — — 90.4
3.870 1.700 2.820 2.740 7160 PENTA 2.790 0.020 197.2 2.777 18.15 — 883.3 0.455 0.190 0.230 0.220 0112 MIKROMB 0.220 Unch 110 0.225 20.95 4.55 94.8
1.810 0.255 0.330 0.300 5204 PRESBHD 0.320 0.005 25581 0.320 31.68 5.31 154.9 0.085 0.035 0.050 0.045 0085 MLAB 0.045 Unch 1033.8 0.045 — — 30.2
0.500 0.240 0.355 0.330 9075 THETA 0.330 -0.040 130.5 0.350 — — 35.4 0.310 0.160 — — 0034 MMAG 0.225 — — — — — 143.0
0.050 0.010 0.020 0.015 0118 TRIVE 0.015 UNCH 455.1 0.015 — — 32.0 0.095 0.040 0.055 0.050 0103 MNC 0.055 0.005 100.1 0.050 — — 26.3
0.200 0.105 0.145 0.140 4359 TURIYA 0.140 -0.005 50.9 0.143 — — 32.0 0.240 0.100 0.120 0.115 0156 MPAY 0.120 Unch 368.1 0.119 — — 85.3
3.300 1.574 2.950 2.900 5005 UNISEM 2.910 UNCH 47.3 2.912 20.39 2.92 2,135.4 0.070 0.025 — — 0070 MQTECH 0.030 — — — — — 14.9
8.492 5.046 6.750 6.450 0097 VITROX 6.700 0.110 180.2 6.649 32.57 0.71 3,152.9 0.175 0.070 0.080 0.075 0092 MTOUCHE 0.080 Unch 71.1 0.075 — — 40.7
1.253 0.907 0.960 0.960 5162 VSTECS 0.960 -0.010 5 0.960 6.19 5.21 172.8 1.274 0.623 1.000 0.960 0108 N2N 0.965 -0.005 314.9 0.977 30.44 4.15 577.0
0.648 0.415 0.470 0.470 0008 WILLOW 0.470 UNCH 35 0.470 18.73 2.13 233.1 0.050 0.010 0.020 0.015 0020 NETX 0.020 0.005 1560.1 0.015 — — 56.0
UTILITIES 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 70 0.020 — — 41.4
0.444 0.090 0.120 0.110 7471 EDEN 0.120 0.005 1649.4 0.114 — — 45.8 0.205 0.080 0.125 0.120 0026 NOVAMSC 0.125 0.005 5574.9 0.121 54.35 — 93.9
2.960 2.543 2.820 2.780 5209 GASMSIA 2.810 0.010 23.7 2.805 17.49 4.80 3,608.0 1.152 0.320 0.640 0.630 0035 OPCOM 0.640 -0.005 377.1 0.638 11.83 5.08 103.2
2.060 1.051 1.330 1.290 5843 KPS 1.320 UNCH 297.5 1.316 — 3.22 709.3 0.375 0.256 0.300 0.295 0040 OPENSYS 0.295 Unch 125.3 0.296 9.02 4.24 87.9
1.012 0.745 0.860 0.810 5264 MALAKOF 0.840 -0.010 21440.9 0.827 1.71 6.90 4,200.0 0.160 0.040 0.160 0.150 0079 ORION 0.155 -0.005 12312.4 0.154 — — 92.8
3.747 2.990 3.510 3.490 3069 MFCB 3.500 UNCH 180.4 3.500 11.05 1.14 1,461.0 0.730 0.240 0.295 0.290 0006 PINEAPP 0.295 0.015 5 0.294 268.18 — 14.3
1.275 1.020 1.180 1.170 5041 PBA 1.170 -0.020 7 1.173 11.04 3.42 387.6 0.155 0.045 0.060 0.055 0123 PRIVA 0.055 -0.005 335 0.060 — — 30.7
20.000 15.928 17.760 17.480 6033 PETGAS 17.680 0.060 756.9 17.66 17.68 3.90 34,984.0 1.504 0.474 1.290 1.180 0200 REVENUE 1.200 -0.060 6018.8 1.227 34.99 — 267.4
1.309 0.608 1.190 1.150 5272 RANHILL 1.180 UNCH 364.4 1.171 15.63 6.78 1,048.2 0.757 0.525 0.605 0.605 0106 REXIT 0.605 -0.015 25 0.605 13.88 4.96 114.5
0.371 0.220 0.245 0.240 8567 SALCON 0.240 -0.005 2134.6 0.241 — 3.33 203.3 0.650 0.230 0.250 0.245 0202 RGTECH 0.245 Unch 174.3 0.245 21.68 — 128.7
0.883 0.417 0.830 0.820 8524 TALIWRK 0.825 -0.010 107.1 0.827 38.37 5.82 1,663.0 0.355 0.090 — — 0178 SEDANIA 0.115 — — — — 8.70 26.0
15.787 12.520 13.700 13.460 5347 TENAGA 13.540 -0.160 8801.7 13.60 13.01 4.90 77,000.5 0.560 0.370 0.485 0.455 0203 SMETRIC 0.480 0.010 1333.8 0.469 19.43 — 116.9
1.494 0.882 1.140 1.120 4677 YTL 1.140 UNCH 1612.5 1.135 34.86 3.51 12,438.0 0.225 0.095 0.125 0.120 0117 SMRT 0.120 Unch 672 0.120 0.47 — 48.8
1.255 0.694 0.895 0.875 6742 YTLPOWR 0.880 -0.015 1034 0.882 11.38 5.68 7,179.2 0.260 0.070 0.080 0.075 0169 SMTRACK 0.075 Unch 2133.5 0.075 — — 11.0
CLOSED-END FUNDS 0.240 0.080 0.105 0.100 0093 SOLUTN 0.105 Unch 149.9 0.104 — — 32.2
2.850 2.340 2.440 2.410 5108 ICAP 2.410 -0.010 22 2.421 39.31 — 337.4 0.285 0.150 0.250 0.245 0129 SRIDGE 0.250 Unch 42.6 0.250 17.01 — 34.1
EXCHANGE TRADED FUNDS 0.350 0.180 — — 0050 SYSTECH 0.230 — — — 41.82 — 80.0
1.190 1.146 1.157 1.157 0800EA ABFMY1 1.157 0.003 2.8 1.157 — 4.02 1,432.3 0.145 0.090 0.115 0.115 0132 TDEX 0.115 Unch 173.2 0.115 — — 67.9
2.100 1.735 1.885 1.885 0822EA CIMBA40 1.885 0.025 0.6 1.885 — 3.61 5.1 0.210 0.085 0.095 0.095 0145 TFP 0.095 Unch 116 0.095 — — 19.5
1.845 1.450 — — 0823EA CIMBC50 1.515 — — — — — 10.8 0.580 0.200 0.280 0.270 0005 UCREST 0.280 Unch 5339.4 0.273 5.39 — 129.9
1.960 1.750 1.770 1.770 0820EA FBMKLCI-EA 1.770 -0.005 1.6 1.770 — 1.86 3.0 0.220 0.130 0.160 0.155 0060 VC 0.160 -0.005 317.6 0.158 72.73 — 48.8
1.770 1.600 — — 0828EA GOLDETF 1.735 — — — — — 43.5 0.795 0.290 0.465 0.450 0120 VIS 0.455 -0.010 1202.6 0.458 9.38 — 76.9
1.085 0.940 — — 0826EA METFAPA 1.050 — — — — — 18.9 0.112 0.015 0.020 0.020 0069 VIVOCOM 0.020 Unch 741.6 0.020 — — 113.3
0.922 0.795 0.829 0.829 0825EA METFSID 0.829 0.020 4.1 0.829 — 1.82 73.0 0.145 0.085 0.140 0.130 0066 VSOLAR 0.135 Unch 7383.1 0.135 — — 52.1
1.100 0.900 — — 0827EA METFUS50 1.000 — — — — — 13.0 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.250 1.060 — — 0821EA MYETFDJ 1.115 — — — — 2.14 307.6 0.190 0.100 0.120 0.115 0086 YGL 0.115 Unch 225.2 0.116 — — 26.7
1.210 1.085 1.145 1.145 0824EA MYETFID 1.145 -0.015 0.5 1.145 — 2.45 53.1 TELECOMMUNICATIONS & MEDIA
REAL ESTATE INVESTMENT TRUSTS 0.553 0.351 0.385 0.370 0195 BINACOM 0.380 0.005 523.7 0.377 9.38 2.63 98.8
0.830 0.675 0.760 0.755 4952 AHP 0.755 -0.005 5.9 0.755 8.91 6.82 166.1 0.880 0.530 — — 0147 INNITY 0.650 — — — 39.88 — 90.2
1.380 1.030 1.360 1.360 5116 ALAQAR 1.360 -0.020 52.2 1.360 11.61 3.78 1,000.9 0.155 0.045 0.055 0.050 0017 M3TECH 0.055 Unch 1901.8 0.055 — — 32.3
0.921 0.765 — — 5269 ALSREIT 0.795 — — — 12.23 5.76 461.1 0.095 0.040 0.055 0.050 0103 MNC 0.055 0.005 100.1 0.050 — — 26.3
0.630 0.515 0.530 0.520 5120 AMFIRST 0.520 -0.010 90.2 0.524 30.59 7.60 356.9 0.175 0.070 0.080 0.075 0092 MTOUCHE 0.080 Unch 71.1 0.075 — — 40.7
0.863 0.778 0.830 0.825 5127 ARREIT 0.830 0.005 20 0.828 3.26 7.22 475.8 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 70 0.020 — — 41.4
1.150 1.005 1.120 1.120 5130 ATRIUM 1.120 -0.010 5.3 1.120 7.28 7.01 136.4 1.152 0.320 0.640 0.630 0035 OPCOM 0.640 -0.005 377.1 0.638 11.83 5.08 103.2
1.720 1.135 1.720 1.660 5106 AXREIT 1.700 0.040 1907.1 1.701 13.52 5.14 2,103.4 0.155 0.045 0.060 0.055 0123 PRIVA 0.055 -0.005 335 0.060 — — 30.7
1.311 0.940 1.070 1.050 5180 CMMT 1.070 0.010 150.7 1.060 14.08 7.57 2,187.3 0.300 0.095 0.105 0.100 0007 PUC 0.100 -0.005 15893.6 0.104 — — 202.1
1.218 1.090 1.130 1.120 5121 HEKTAR 1.130 UNCH 465.1 1.124 12.34 8.85 522.0 0.365 0.150 0.205 0.195 0032 REDTONE 0.195 -0.010 195.8 0.201 17.11 — 147.9
1.790 1.382 1.790 1.740 5227 IGBREIT 1.780 0.040 3729.7 1.767 18.16 5.26 6,292.0 0.445 0.160 0.215 0.210 0173 REV 0.210 -0.010 10 0.211 — — 28.3
0.864 0.640 0.805 0.795 5280 KIPREIT 0.800 -0.005 216.8 0.797 11.11 8.19 404.2 0.355 0.090 — — 0178 SEDANIA 0.115 — — — — 8.70 26.0
7.960 6.538 7.860 7.830 5235SS KLCC 7.860 0.010 104.3 7.855 16.00 4.45 14,189.9 0.285 0.150 0.250 0.245 0129 SRIDGE 0.250 Unch 42.6 0.250 17.01 — 34.1
1.160 0.953 1.120 1.100 5123 MQREIT 1.100 UNCH 222.7 1.110 16.11 7.19 1,179.0 0.120 0.050 0.055 0.050 0165 XOX 0.055 Unch 2753.8 0.055 — — 60.1
1.725 1.280 1.700 1.660 5212 PAVREIT 1.700 0.030 1235.8 1.679 19.02 5.07 5,162.4 FINANCIAL SERVICES
1.790 1.403 1.750 1.730 5176 SUNREIT 1.740 UNCH 1294.7 1.738 12.18 5.39 5,124.4 0.170 0.045 0.060 0.060 0150 FINTEC 0.060 -0.005 2823.1 0.060 — — 36.5
1.134 0.876 0.910 0.910 5111 TWRREIT 0.910 0.015 2 0.910 16.76 4.51 255.3 0.630 0.455 0.530 0.530 0053 OSKVI 0.530 Unch 0.8 0.530 — 9.43 104.7
1.507 1.285 1.400 1.330 5110 UOAREIT 1.350 0.030 260.3 1.367 0.51 6.76 570.9 HEALTH CARE
1.280 1.017 1.280 1.220 5109 YTLREIT 1.280 0.050 2404.9 1.254 9.16 5.95 2,181.6 0.320 0.185 0.195 0.190 0163 CAREPLS 0.195 Unch 39 0.193 — — 103.6
SPAC 0.210 0.105 0.115 0.115 0182 LKL 0.115 Unch 446.1 0.115 — 3.04 49.3
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.370 0.205 — — 0155 MGRC 0.260 — — — — — 26.9
0.510 0.460 — — 5270 RSENA 0.505 — — — — — 505.0 0.780 0.280 0.450 0.435 0201 NOVA 0.435 -0.010 255.6 0.442 16.35 4.14 138.2
ENERGY TRANSPORTATION & LOGISTICS
0.195 0.060 0.095 0.090 5115 ALAM 0.095 UNCH 490.7 0.090 — — 87.8 0.135 0.060 0.090 0.090 0048 ANCOMLB 0.090 0.015 0.5 0.090 — — 42.6
0.950 0.145 0.225 0.205 5210 ARMADA 0.210 -0.005 201481 0.217 — — 1,232.9 0.300 0.210 0.220 0.220 0080 STRAITS 0.220 0.005 90 0.220 24.18 — 123.2
0.345 0.040 0.085 0.075 7251 BARAKAH 0.080 -0.005 8950.3 0.080 — — 66.9 0.559 0.295 0.380 0.380 0199 TRIMODE 0.380 0.005 4 0.380 12.18 2.63 63.1
0.650 0.205 0.620 0.590 5257 CARIMIN 0.615 UNCH 2116.7 0.606 — — 143.8 CONSTRUCTION
1.350 0.735 0.845 0.840 5071 COASTAL 0.845 -0.010 13.3 0.840 — 2.37 449.2 0.438 0.220 0.265 0.260 0198 GDB 0.265 -0.005 961.5 0.261 5.05 3.77 165.6
0.095 0.005 0.015 0.010 0091 DAYA 0.015 0.005 1950.6 0.011 — — 30.6 0.400 0.240 0.250 0.240 0206 NADIBHD 0.240 -0.015 3298 0.243 2.96 — 180.7
0.920 0.500 0.610 0.595 5141 DAYANG 0.610 UNCH 842.4 0.602 52.14 — 588.5 0.040 0.010 — — 0109 SCBUILD 0.015 — — — 10.71 — 13.2
1.340 0.875 1.090 1.070 5132 DELEUM 1.090 0.010 166.8 1.080 13.16 4.13 437.2 PLANTATION
3.637 2.440 3.060 2.950 7277 DIALOG 3.030 -0.040 12093.8 3.003 36.82 1.06 17,094.2 0.105 0.065 0.075 0.070 0189 MATANG 0.075 0.005 290 0.071 41.67 2.67 135.8
0.535 0.215 0.350 0.350 7253 HANDAL 0.350 UNCH 20 0.350 — — 56.0 UTILITIES
15.646 4.510 4.900 4.790 4324 HENGYUAN 4.880 UNCH 290 4.867 6.23 0.41 1,464.0 0.345 0.199 0.230 0.230 0011 BTECH 0.230 Unch 588 0.230 13.94 6.96 58.0
1.360 0.705 0.985 0.960 5199 HIBISCS 0.975 -0.005 22969.6 0.976 5.27 — 1,548.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HU R SDAY JAN UARY 24, 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
0.175 0.090 0.170 0.150 318262 GENTINGC62 0.155 -0.010 1267.5 6.670 7.000 16.10 28/06/2019
Main Market & Ace Market Warrants 0.170 0.050 0.085 0.080 5220WA GLOTEC-WA 0.085 Unch 836.5 0.510 0.720 57.84 19/12/2021
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.100 0.005 0.010 0.010 1147WA GOB-WA 0.010 Unch 90 0.195 0.800 315.38 24/12/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.100 0.050 0.065 0.065 0082WB GPACKET-WB 0.065 Unch 1364 0.315 0.400 47.62 24/11/2023
0.040 0.015 0.025 0.020 7096WA GPA-WA 0.020 Unch 103.7 0.085 0.100 41.18 03/06/2025
0.395 0.015 0.040 0.040 70322 A50CHIN-C22 0.040 -0.010 18.7 5.125 7.379 45.16 29/03/2019 0.075 0.030 0.055 0.055 7022CW GTRONIC-CW 0.055 -0.005 60 1.730 2.200 38.29 28/06/2019
0.605 0.135 0.260 0.250 70324 A50CHIN-C24 0.250 -0.010 5463.9 6.384 6.325 4.95 29/03/2019 0.270 0.060 0.080 0.080 2062WC HARBOUR-WC 0.080 0.005 9 0.700 1.560 134.29 03/04/2021
0.435 0.190 0.320 0.305 70332 A50CHIN-C32 0.310 0.005 15180 6.384 6.589 10.49 28/06/2019 0.220 0.005 0.005 0.005 516810 HARTA-C10 0.005 Unch 200 1.258 6.000 380.13 31/01/2019
0.300 0.095 0.100 0.095 70323 A50CHIN-H23 0.100 -0.005 390 6.385 5.798 -6.84 29/03/2019 0.165 0.005 0.010 0.010 516814 HARTA-C14 0.010 0.005 50 4.980 6.500 31.53 18/02/2019
0.220 0.045 0.070 0.065 5238WA AAX-WA 0.070 0.005 127.8 0.285 0.460 85.96 08/06/2020 0.175 0.010 0.010 0.010 516815 HARTA-C15 0.010 Unch 3 5.500 8.000 46.64 30/04/2019
0.150 0.010 0.040 0.035 509965 AIRASIAC65 0.040 Unch 300 3.050 3.126 5.92 28/02/2019 0.125 0.015 0.020 0.020 516816 HARTA-C16 0.020 0.005 50 5.500 6.880 27.64 04/04/2019
0.270 0.035 0.220 0.200 509967 AIRASIAC67 0.220 0.020 310.4 3.050 2.605 4.21 30/04/2019 0.100 0.015 0.025 0.020 516818 HARTA-C18 0.025 Unch 20.5 5.500 7.000 30.45 31/07/2019
0.175 0.020 0.065 0.055 509968 AIRASIAC68 0.065 0.005 2765 3.050 3.387 17.34 29/03/2019 0.100 0.080 0.100 0.100 516819 HARTA-C19 0.100 Unch 340 5.500 6.500 30.91 30/08/2019
0.130 0.025 0.115 0.105 509969 AIRASIAC69 0.115 0.005 351.5 3.050 2.953 7.61 29/03/2019 0.900 0.350 0.395 0.395 5095WB HEVEA-WB 0.395 Unch 9 0.635 0.250 1.57 28/02/2020
0.080 0.020 0.070 0.070 509970 AIRASIAC70 0.070 Unch 900 3.050 3.083 9.05 04/04/2019 0.305 0.060 0.115 0.105 5072WB HIAPTEK-WB 0.105 Unch 697.8 0.305 0.500 98.36 23/06/2021
0.170 0.030 0.165 0.145 509971 AIRASIAC71 0.155 0.005 764.4 3.050 2.822 5.78 31/07/2019 0.180 0.015 0.030 0.025 5199CK HIBISCS-CK 0.030 Unch 555 0.975 1.200 29.85 18/03/2019
0.270 0.085 0.260 0.245 509972 AIRASIAC72 0.260 0.015 320 3.050 2.518 8.48 28/06/2019 0.195 0.015 0.040 0.035 5199CL HIBISCS-CL 0.040 -0.005 1230 0.975 0.980 10.77 01/03/2019
0.310 0.130 0.295 0.285 509973 AIRASIAC73 0.295 0.010 310.4 3.050 2.432 4.92 20/05/2019 0.065 0.035 0.055 0.055 5199CP HIBISCS-CP 0.055 -0.005 20 0.975 1.200 37.18 13/06/2019
0.205 0.135 0.195 0.190 509975 AIRASIAC75 0.195 0.005 190 3.050 2.692 10.47 13/06/2019 0.130 0.115 0.120 0.120 5199CQ HIBISCS-CQ 0.120 -0.005 1840 0.975 0.900 23.08 30/08/2019
0.165 0.120 0.135 0.130 5014C7 AIRPORT-C7 0.130 -0.005 1.2 8.120 8.180 13.55 28/06/2019 0.115 0.110 0.110 0.110 5199CR HIBISCS-CR 0.110 Unch 401.2 0.975 1.080 33.33 02/08/2019
0.195 0.085 0.090 0.090 7609WA AJIYA-WA 0.090 Unch 50 0.525 0.920 92.38 28/08/2021 0.665 0.200 0.485 0.470 5199WC HIBISCS-WC 0.475 -0.010 6533.4 0.975 1.000 51.28 19/03/2021
0.185 0.110 0.160 0.155 101512 AMBANK-C12 0.155 -0.010 199.8 4.500 4.250 8.22 30/05/2019 0.165 0.045 0.055 0.055 0188WA HLT-WA 0.055 0.005 2.2 0.135 0.200 88.89 27/12/2022
0.040 0.005 — — 9342WA ANZO-WA 0.005 — — 0.040 0.250 537.50 19/11/2019 0.700 0.140 0.180 0.180 0185WA HSSEB-WA 0.180 -0.005 15 1.040 1.700 80.77 15/03/2023
0.045 0.015 — — 9342WB ANZO-WB 0.020 — — 0.040 0.250 575.00 25/08/2023 0.015 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.060 3.160 5,175 04/11/2019
0.030 0.005 0.005 0.005 521048 ARMADA-C48 0.005 -0.005 1340 0.210 0.555 169.05 30/05/2019 0.025 0.010 0.025 0.020 7013WC HUBLINE-WC 0.025 Unch 1043 0.060 0.055 33.33 17/12/2023
0.045 0.010 0.025 0.020 521049 ARMADA-C49 0.020 Unch 16674 0.210 0.500 157.14 17/06/2019 1.000 0.100 0.440 0.440 9687WB IDEAL-WB 0.440 Unch 15 1.230 1.000 17.07 30/03/2021
0.150 0.005 0.035 0.030 521050 ARMADA-C50 0.030 Unch 1006 0.210 0.400 116.19 28/06/2019 0.060 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.025 0.200 720.00 14/07/2020
0.170 0.010 0.020 0.010 0068WB ASDION-WB 0.015 Unch 270.5 0.235 0.500 119.15 24/03/2019 0.140 0.050 0.120 0.120 5225C8 IHH-C8 0.120 -0.005 40 5.710 5.200 3.68 04/04/2019
0.030 0.005 — — 0072WA AT-WA 0.005 — — 0.050 0.270 450.00 28/01/2019 0.175 0.045 0.060 0.055 333620 IJM-C20 0.055 -0.015 280 1.710 1.880 19.59 29/03/2019
0.250 0.140 0.185 0.175 7579WA AWC-WA 0.180 -0.005 204.3 0.675 0.880 57.04 25/12/2023 0.130 0.020 0.040 0.040 333621 IJM-C21 0.040 -0.010 20 1.710 2.000 22.22 31/05/2019
0.145 0.090 0.130 0.130 688832 AXIATA-C32 0.130 Unch 200 4.080 4.100 16.42 30/05/2019 0.110 0.105 0.110 0.105 333624 IJM-C24 0.105 -0.045 0.4 1.710 1.880 28.36 02/08/2019
0.200 0.140 0.195 0.190 688833 AXIATA-C33 0.190 -0.010 80 4.080 3.600 11.52 28/06/2019 0.105 0.020 0.030 0.030 16626 INARI-C26 0.030 -0.005 150 1.400 1.850 38.57 30/09/2019
0.405 0.085 0.130 0.130 7078WA AZRB-WA 0.130 Unch 42.3 0.345 0.630 120.29 13/05/2024 0.120 0.025 0.035 0.035 16627 INARI-C27 0.035 Unch 507.5 1.400 1.900 43.71 28/06/2019
0.550 0.170 0.265 0.250 0098WA BAHVEST-WA 0.265 0.015 478 0.450 0.430 54.44 20/08/2024 0.105 0.050 0.070 0.070 16629 INARI-C29 0.070 Unch 100 1.400 1.900 50.71 28/06/2019
0.220 0.190 0.220 0.210 4162CN BAT-CN 0.220 0.010 584.4 37.96 40.00 25.66 23/10/2019 0.100 0.095 0.100 0.100 16631 INARI-C31 0.100 Unch 52 1.400 1.280 16.43 02/08/2019
0.110 0.070 0.090 0.090 5248C1 BAUTO-C1 0.090 -0.005 20 2.200 2.200 12.27 31/05/2019 0.125 0.105 0.125 0.115 16632 INARI-C32 0.115 -0.005 2460 1.400 1.500 30.14 31/07/2019
0.325 0.115 0.180 0.170 5258WA BIMB-WA 0.175 0.005 153.1 3.780 4.720 29.50 04/12/2023 0.215 0.200 0.200 0.200 16633 INARI-C33 0.200 -0.005 0.4 1.400 1.300 14.29 31/10/2019
0.100 0.025 0.040 0.040 6998WA BINTAI-WA 0.040 -0.005 180 0.130 0.200 84.62 15/06/2020 2.010 0.710 0.890 0.860 0166WB INARI-WB 0.865 -0.010 98.2 1.400 0.533 -0.12 17/02/2020
0.150 0.075 0.090 0.090 0179WA BIOHLDG-WA 0.090 -0.005 8 0.200 0.220 55.00 05/01/2022 0.075 0.020 0.030 0.030 0094WA INIX-WA 0.030 Unch 1483.2 0.095 0.100 36.84 16/11/2020
0.150 0.045 0.060 0.060 3239WB BJASSET-WB 0.060 Unch 50 0.300 0.350 36.67 10/06/2023 0.355 0.040 0.065 0.065 3379WB INSAS-WB 0.065 Unch 124.4 0.725 1.000 46.90 25/02/2020
0.060 0.040 0.045 0.045 339511 BJCORP-C11 0.045 -0.005 50 0.295 0.310 20.34 25/06/2019 0.105 0.005 — — 7183WA IRETEX-WA 0.010 — — 0.130 0.800 523.08 10/06/2019
0.140 0.060 0.080 0.080 3395WC BJCORP-WC 0.080 Unch 110 0.295 1.000 266.10 29/05/2026 0.355 0.150 0.300 0.275 4723WB JAKS-WB 0.295 0.005 595.7 0.550 0.640 70.00 13/12/2023
0.040 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 18.1 0.045 0.070 100.00 08/11/2025 0.090 0.050 0.090 0.080 0111WC K1-WC 0.085 0.005 2412.9 0.240 0.300 60.42 30/12/2021
0.045 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 0.005 22.9 0.045 0.070 100.00 29/05/2027 0.095 0.020 0.025 0.025 0170WA KANGER-WA 0.025 0.005 5 0.045 0.100 177.78 13/04/2020
0.100 0.010 — — 7188WA BTM-WA 0.020 — — 0.110 0.940 772.73 20/12/2019 0.040 0.015 0.025 0.015 3115WC KBUNAI-WC 0.020 Unch 5413.5 0.095 0.131 58.95 20/10/2023
0.255 0.015 0.020 0.015 7076WA CBIP-WA 0.015 Unch 292 1.160 2.400 108.19 06/11/2019 0.460 0.140 0.200 0.200 7161WB KERJAYA-WB 0.200 -0.010 0.4 1.250 1.600 44.00 28/02/2023
0.330 0.070 0.100 0.095 7035WA CCK-WA 0.095 -0.005 1237.8 0.450 0.900 121.11 18/06/2023 0.765 0.200 0.605 0.575 0151WA KGB-WA 0.595 0.015 1036.3 1.150 0.500 -4.78 12/06/2019
0.115 0.005 0.010 0.010 5195WB CENSOF-WB 0.010 -0.005 229 0.150 0.460 213.33 07/10/2019 0.660 0.210 0.280 0.280 5171WA KIMLUN-WA 0.280 0.010 0.1 1.150 1.680 70.43 12/03/2024
0.480 0.280 0.385 0.360 5738WB CHHB-WB 0.385 0.035 68.8 1.540 1.200 2.92 20/12/2023 0.605 0.160 0.350 0.270 5027WB KMLOONG-WB 0.270 -0.030 0.4 1.280 1.400 30.47 10/04/2025
0.140 0.055 0.055 0.055 102343 CIMB-C43 0.055 Unch 1470 5.660 6.600 21.17 30/04/2019 0.075 0.010 0.025 0.020 7164WB KNM-WB 0.025 0.005 619 0.100 1.000 925.00 21/04/2020
0.170 0.120 0.120 0.120 102345 CIMB-C45 0.120 -0.005 1233 5.660 5.700 13.43 28/06/2019 0.095 0.010 0.035 0.025 7017WB KOMARK-WB 0.030 0.005 2992.4 0.180 0.230 44.44 21/01/2020
0.165 0.095 0.135 0.135 285215 CMSB-C15 0.135 -0.010 200 3.100 3.000 18.55 30/05/2019 0.780 0.125 0.180 0.175 9385WA LAYHONG-WA 0.175 -0.005 980.8 0.420 0.400 36.90 13/10/2021
0.340 0.100 0.220 0.210 5276WA DANCO-WA 0.220 0.005 75.4 0.470 0.300 10.64 22/05/2022 0.050 0.020 0.020 0.020 526414 MALAKOFC14 0.020 -0.020 450 0.840 1.180 45.24 18/03/2019
0.160 0.030 0.080 0.060 3484WA DBHD-WA 0.080 0.015 1530.4 0.365 0.580 80.82 27/11/2020 0.065 0.010 0.020 0.015 526415 MALAKOFC15 0.020 -0.005 616.7 0.840 1.000 21.43 28/06/2019
0.075 0.030 0.040 0.030 0152WB DGB-WB 0.040 0.005 940.1 0.135 0.120 18.52 27/06/2021 0.080 0.020 0.030 0.020 526416 MALAKOFC16 0.025 -0.005 1364.6 0.840 0.950 17.56 29/03/2019
0.200 0.015 0.035 0.030 727733 DIALOG-C33 0.035 Unch 100.1 3.030 3.400 15.10 29/03/2019 0.105 0.040 0.050 0.040 526418 MALAKOFC18 0.050 -0.010 6937.4 0.840 0.900 16.07 25/06/2019
0.145 0.025 0.050 0.045 727737 DIALOG-C37 0.050 Unch 402.6 3.030 3.500 20.46 31/07/2019 0.145 0.075 0.105 0.095 526419 MALAKOFC19 0.105 -0.010 4261 0.840 0.800 16.49 31/07/2019
0.135 0.035 0.055 0.050 727739 DIALOG-C39 0.055 -0.010 0.8 3.030 3.500 21.86 20/05/2019 0.340 0.105 0.140 0.130 5236WA MATRIX-WA 0.140 Unch 128.8 1.910 2.400 32.98 20/07/2020
0.220 0.075 0.110 0.100 727740 DIALOG-C40 0.105 -0.010 700 3.030 3.300 18.61 28/06/2019 0.015 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020
0.125 0.070 0.100 0.100 727741 DIALOG-C41 0.100 -0.005 1200 3.030 3.250 18.81 25/06/2019 0.180 0.080 0.100 0.095 115543 MAYBANKC43 0.100 0.005 79 9.540 9.000 1.68 30/04/2019
0.100 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.050 0.260 450.00 04/04/2023 0.070 0.010 0.015 0.015 115546 MAYBANKC46 0.015 -0.005 860 9.540 10.000 6.39 28/06/2019
0.220 0.055 0.085 0.080 4456WD DNEX-WD 0.085 Unch 1544.2 0.275 0.500 112.73 30/07/2021 0.155 0.125 0.135 0.135 115549 MAYBANKC49 0.135 0.005 450 9.540 9.500 8.78 31/07/2019
0.055 0.015 0.020 0.020 5265WA DOLPHIN-WA 0.020 Unch 110 0.110 0.800 645.45 29/03/2021 0.135 0.120 0.125 0.125 115550 MAYBANKC50 0.125 Unch 20 9.540 9.200 5.61 25/06/2019
0.280 0.060 0.070 0.070 7169WA DOMINAN-WA 0.070 -0.005 20 1.260 1.300 8.73 10/09/2020 0.150 0.115 0.125 0.125 115551 MAYBANKC51 0.125 0.005 0.4 9.540 9.500 8.10 28/06/2019
0.055 0.015 0.020 0.020 7198WB DPS-WB 0.020 Unch 0.7 0.060 0.100 100.00 15/01/2025 0.085 0.040 0.060 0.055 117117 MBSB-C17 0.055 -0.010 122.7 0.985 1.010 9.52 31/07/2019
0.265 0.020 0.025 0.025 161960 DRBHCOMC60 0.025 Unch 50 1.640 1.950 23.48 30/04/2019 0.105 0.055 0.065 0.065 117118 MBSB-C18 0.065 -0.005 200 0.985 1.000 14.72 31/05/2019
0.185 0.075 0.075 0.075 161968 DRBHCOMC68 0.075 Unch 50 1.640 1.900 30.95 28/06/2019 0.070 0.015 0.015 0.015 5040WB MEDAINC-WB 0.015 -0.005 2.5 0.300 0.900 205.00 22/04/2022
0.110 0.105 0.105 0.105 161970 DRBHCOMC70 0.105 Unch 170 1.640 1.800 22.56 31/10/2019 0.060 0.020 0.025 0.025 5040WC MEDAINC-WC 0.025 -0.010 1 0.300 0.800 175.00 24/08/2024
0.300 0.050 0.085 0.080 5216WA DSONIC-WA 0.085 -0.005 6538 0.470 1.090 150.00 05/07/2023 0.200 0.015 0.015 0.015 1694WB MENANG-WB 0.015 Unch 30 0.385 0.550 46.75 09/07/2019
0.135 0.005 0.010 0.005 3417WB E&O-WB 0.010 0.005 402 0.747 2.600 249.40 21/07/2019 0.185 0.050 0.080 0.080 7234WA MESB-WA 0.080 -0.010 362 0.230 0.300 65.22 27/12/2022
0.020 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 925.3 0.020 0.035 125.00 22/04/2023 1.180 0.210 0.225 0.220 7595WA MGB-WA 0.225 -0.165 7.2 0.705 0.500 2.84 27/10/2019
0.130 0.035 0.065 0.050 3557WC ECOFIRS-WC 0.065 0.005 16 0.305 0.300 19.67 10/09/2019 0.106 0.035 0.065 0.055 5576WC MINHO-WC 0.065 Unch 63.8 0.300 0.320 28.33 02/08/2021
0.395 0.070 0.130 0.120 5253WA ECONBHD-WA 0.130 0.005 932.9 0.495 1.250 178.79 02/01/2023 0.170 0.045 0.155 0.155 381619 MISC-C19 0.155 0.015 29 6.640 6.060 2.94 28/06/2019
0.375 0.165 0.235 0.200 8206WA ECOWLD-WA 0.220 0.035 90.5 0.965 2.080 138.34 26/03/2022 0.150 0.140 0.150 0.145 381621 MISC-C21 0.145 0.005 500 6.640 7.000 23.98 26/11/2019
0.150 0.030 0.040 0.040 7471WB EDEN-WB 0.040 Unch 5.5 0.120 0.300 183.33 13/08/2021 0.210 0.050 0.080 0.080 9571WE MITRA-WE 0.080 Unch 29.8 0.310 0.940 229.03 17/04/2023
1.260 0.110 0.220 0.195 0065WA EFORCE-WA 0.205 -0.010 3896.9 0.530 0.340 2.83 17/07/2019 0.095 0.045 0.070 0.065 0034WB MMAG-WB 0.070 -0.005 44.3 0.225 0.200 20.00 27/11/2022
0.385 0.130 0.155 0.140 8907WC EG-WC 0.145 Unch 315 0.455 0.500 41.76 03/11/2020 0.200 0.005 0.010 0.010 165132 MRCB-C32 0.010 Unch 100 0.705 0.800 14.89 28/02/2019
0.075 0.035 0.055 0.050 8877CT EKOVEST-CT 0.050 -0.010 761 0.520 0.500 15.38 30/04/2019 0.115 0.035 0.050 0.050 165136 MRCB-C36 0.050 Unch 80 0.705 0.750 20.57 04/04/2019
0.740 0.045 0.080 0.070 8877WB EKOVEST-WB 0.080 -0.005 4952.1 0.520 0.480 7.69 25/06/2019 0.140 0.045 0.070 0.065 165137 MRCB-C37 0.065 -0.005 2165 0.705 0.700 17.73 30/04/2019
0.340 0.100 0.145 0.140 5283WA EWINT-WA 0.140 -0.005 552 0.780 1.450 103.85 02/04/2022 0.105 0.095 0.100 0.095 165139 MRCB-C39 0.100 Unch 690.4 0.705 0.630 17.73 02/08/2019
0.495 0.030 0.050 0.050 7047WB FAJAR-WB 0.050 -0.005 103.6 0.355 0.700 111.27 24/09/2019 0.400 0.180 0.255 0.245 1651WB MRCB-WB 0.250 -0.005 356.1 0.705 1.250 112.77 29/10/2027
0.205 0.015 0.025 0.025 06505E FBMKLCI-C5E 0.025 Unch 140.8 1,688 1,680 0.55 31/01/2019 0.050 0.010 — — 0092WB MTOUCHE-WB 0.025 — — 0.080 0.480 531.25 16/03/2020
0.110 0.005 — — 06505F FBMKLCI-C5F 0.005 — — 281.27 1,780 534.09 28/02/2019 0.285 0.005 0.005 0.005 13843 MYEG-C43 0.005 -0.020 211 1.020 1.150 14.22 30/01/2019
0.310 0.020 0.020 0.020 06505G FBMKLCI-C5G 0.020 -0.005 23 556.69 1,880 238.78 28/02/2019 0.470 0.060 0.090 0.090 13844 MYEG-C44 0.090 -0.020 30 1.020 1.000 15.69 29/03/2019
0.060 0.005 — — 06505I FBMKLCI-C5I 0.005 — — 340.73 1,820 435.17 29/03/2019 0.290 0.005 0.010 0.010 13845 MYEG-C45 0.010 Unch 450.1 1.020 1.280 27.94 18/02/2019
0.045 0.010 0.010 0.010 06505K FBMKLCI-C5K 0.010 Unch 130 669.41 1,800 169.94 30/04/2019 0.195 0.015 0.015 0.015 13849 MYEG-C49 0.015 Unch 150 1.020 1.880 87.99 15/04/2019
0.100 0.055 0.075 0.070 06505N FBMKLCI-C5N 0.070 Unch 50 1,688 1,680 2.42 31/05/2019 0.135 0.050 0.075 0.070 13855 MYEG-C55 0.075 0.005 8755.5 1.020 1.200 39.71 28/06/2019
0.090 0.045 0.065 0.050 06505O FBMKLCI-C5O 0.060 Unch 366.9 1,688 1,700 3.19 28/06/2019 0.315 0.235 0.255 0.240 13856 MYEG-C56 0.255 0.010 450 1.020 0.950 30.64 31/07/2019
0.370 0.295 0.295 0.295 06505P FBMKLCI-C5P 0.295 -0.005 15 1,688 1,730 7.72 31/05/2019 0.165 0.125 0.130 0.125 13857 MYEG-C57 0.130 0.005 3948 1.020 1.000 29.90 30/08/2019
0.545 0.400 0.455 0.455 06505Q FBMKLCI-C5Q 0.455 0.005 222 1,688 1,650 5.83 31/05/2019 0.090 0.070 0.080 0.070 13858 MYEG-C58 0.080 0.005 3703.5 1.020 1.200 41.18 02/08/2019
0.080 0.080 0.080 0.080 06505R FBMKLCI-C5R 0.080 Unch 100 1,688 1,690 3.43 31/07/2019 0.305 0.235 0.260 0.250 0108WB N2N-WB 0.255 Unch 547.7 0.965 0.830 12.44 08/01/2024
0.330 0.135 0.255 0.245 06504Y FBMKLCI-H4Y 0.250 Unch 748.3 1,688 1,888 23.69 31/01/2019 0.150 0.005 0.005 0.005 4707CC NESTLE-CC 0.005 Unch 30 24.65 170.00 590.87 31/01/2019
0.115 0.005 0.005 0.005 06506G FBMKLCI-H6G 0.005 Unch 1125 333.95 1,680 404.11 31/01/2019 0.085 0.060 0.075 0.070 4707CE NESTLE-CE 0.070 Unch 6.4 147.99 148.00 4.73 28/06/2019
0.225 0.070 0.135 0.130 06506H FBMKLCI-H6H 0.130 0.005 437.1 1,688 1,780 10.84 28/02/2019 0.025 0.005 — — 0096WB NEXGRAM-WB 0.010 — — 0.020 0.260 1,250 21/07/2023
0.360 0.175 0.175 0.175 06506I FBMKLCI-H6I 0.175 -0.035 150 1,688 1,680 2.63 28/02/2019 0.030 0.005 0.010 0.010 0096WC NEXGRAM-WC 0.010 Unch 100 0.020 0.100 450.00 15/01/2024
0.495 0.295 0.300 0.295 06506J FBMKLCI-H6J 0.295 -0.005 1762.3 1,688 1,760 9.50 28/02/2019 0.335 0.050 0.175 0.150 7241WA NGGB-WA 0.175 0.010 2817.5 0.460 0.600 68.48 18/10/2020
0.295 0.115 0.215 0.215 06506K FBMKLCI-H6K 0.215 -0.025 100 1,688 1,820 16.74 29/03/2019 0.410 0.200 0.290 0.265 0083WC NOTION-WC 0.265 -0.015 55 0.635 0.840 74.02 14/03/2023
0.185 0.105 0.140 0.135 06506L FBMKLCI-H6L 0.135 Unch 70 1,688 1,788 13.92 31/05/2019 0.265 0.065 0.100 0.090 0172WA OCK-WA 0.100 Unch 1946.5 0.500 0.710 62.00 15/12/2020
0.280 0.170 0.205 0.195 06506M FBMKLCI-H6M 0.195 -0.005 297 1,688 1,800 14.72 30/04/2019 0.145 0.025 0.040 0.040 7071WC OCR-WC 0.040 Unch 50 0.280 0.500 92.86 24/07/2021
0.430 0.290 0.295 0.290 06506N FBMKLCI-H6N 0.295 0.005 577.2 1,688 1,660 3.58 30/04/2019 0.090 0.015 0.080 0.070 0079WA ORION-WA 0.075 Unch 6939.5 0.155 0.170 58.06 26/07/2022
0.555 0.395 0.400 0.400 06506O FBMKLCI-H6O 0.400 Unch 210 1,688 1,740 10.19 30/04/2019 0.210 0.035 0.055 0.050 5053WC OSK-WC 0.050 Unch 206.3 0.915 1.200 36.61 22/07/2020
0.190 0.090 0.105 0.100 06506P FBMKLCI-H6P 0.100 Unch 125.5 1,688 1,680 3.67 31/05/2019 0.365 0.100 0.135 0.130 5260WA OWG-WA 0.135 Unch 477.3 0.530 0.800 76.42 29/09/2023
0.185 0.115 0.120 0.115 06506Q FBMKLCI-H6Q 0.120 Unch 209.8 1,688 1,700 5.68 28/06/2019 0.160 0.135 0.135 0.135 7052CX PADINI-CX 0.135 -0.010 450 3.700 3.900 23.65 30/08/2019
0.435 0.315 0.315 0.315 06506R FBMKLCI-H6R 0.315 -0.010 25.4 1,688 1,610 0.97 31/05/2019 0.230 0.045 0.085 0.085 5125WA PANTECH-WA 0.085 Unch 50 0.490 0.500 19.39 21/12/2020
0.555 0.405 0.410 0.405 06506S FBMKLCI-H6S 0.405 -0.010 70 1,688 1,690 7.31 31/05/2019 0.230 0.060 0.100 0.090 5125WB PANTECH-WB 0.090 -0.010 52.2 0.490 0.500 20.41 21/12/2021
0.115 0.115 0.115 0.115 06506T FBMKLCI-H6T 0.115 -0.035 20 1,688 1,690 4.88 31/07/2019 0.095 0.025 0.035 0.035 7225WB PA-WB 0.035 Unch 320 0.055 0.060 72.73 17/12/2022
0.125 0.005 0.005 0.005 522254 FGV-C54 0.005 -0.040 199 1.010 1.650 64.85 28/02/2019 0.310 0.075 0.090 0.090 129525 PBBANK-C25 0.090 0.015 144.6 24.800 24.200 0.48 30/01/2019
0.100 0.003 0.005 0.005 522255 FGV-C55 0.005 Unch 270 0.995 1.500 51.76 30/04/2019 0.235 0.035 0.040 0.040 518322 PCHEM-C22 0.040 Unch 15 8.420 9.500 15.68 26/03/2019
0.080 0.005 0.005 0.005 522258 FGV-C58 0.005 Unch 192 0.995 1.700 71.86 28/06/2019 0.125 0.040 0.045 0.040 518325 PCHEM-C25 0.040 -0.005 0.8 8.420 10.300 24.70 17/06/2019
0.005 0.005 0.005 0.005 522260 FGV-C60 0.005 Unch 100 0.995 1.500 51.76 15/04/2019 0.140 0.065 0.080 0.080 518326 PCHEM-C26 0.080 Unch 430 8.420 9.700 20.90 31/07/2019
0.120 0.005 0.025 0.025 522261 FGV-C61 0.025 Unch 100 1.010 1.350 41.09 30/04/2019 0.050 0.005 0.010 0.010 6254WB PDZ-WB 0.010 Unch 70.1 0.035 0.100 214.29 29/01/2023
0.075 0.030 0.075 0.055 522262 FGV-C62 0.075 0.010 1870 1.010 1.200 41.09 23/10/2019 0.270 0.110 0.135 0.110 9997WB PENSONI-WB 0.135 Unch 25.3 0.420 0.600 75.00 20/01/2024
0.135 0.040 0.135 0.095 522263 FGV-C63 0.130 0.030 19969.3 1.010 0.950 17.23 28/06/2019 0.270 0.030 0.055 0.050 8311WC PESONA-WC 0.055 Unch 56 0.205 0.250 48.78 27/01/2020
0.185 0.120 0.185 0.150 522264 FGV-C64 0.180 0.030 6529 1.010 0.780 12.87 30/08/2019 0.190 0.035 0.045 0.040 5681CW PETDAG-CW 0.040 Unch 107.5 25.600 28.800 14.84 26/03/2019
0.140 0.110 0.140 0.110 522265 FGV-C65 0.140 0.025 7316.2 1.010 0.950 19.01 02/08/2019 0.125 0.055 0.070 0.060 5681CX PETDAG-CX 0.070 0.005 628.2 25.599 26.500 8.99 30/09/2019
0.235 0.185 0.235 0.185 522266 FGV-C66 0.235 0.045 3173.3 1.010 0.800 14.11 31/07/2019 0.185 0.055 0.055 0.055 6033CR PETGAS-CR 0.055 -0.010 101.5 17.680 19.500 15.27 26/03/2019
0.300 0.220 0.300 0.220 522267 FGV-C67 0.295 0.065 2278.2 1.010 0.800 8.42 31/10/2019 0.130 0.030 0.035 0.035 6033CS PETGAS-CS 0.035 Unch 200 17.680 19.000 10.44 28/06/2019
0.080 0.020 0.025 0.020 0150WB FINTEC-WB 0.020 -0.005 286.6 0.060 0.150 183.33 03/12/2022 0.205 0.050 0.055 0.050 886915 PMETAL-C15 0.050 -0.025 287.8 4.180 4.200 7.66 30/04/2019
0.090 0.015 0.020 0.015 9318WB FITTERS-WB 0.020 Unch 542.5 0.395 1.000 158.23 12/10/2019 0.185 0.030 0.030 0.030 886917 PMETAL-C17 0.030 -0.020 36.5 4.180 4.800 18.78 29/03/2019
0.485 0.075 0.130 0.125 9261WB GADANG-WB 0.130 0.005 990.5 0.610 1.060 95.08 29/11/2021 0.140 0.035 0.045 0.035 886920 PMETAL-C20 0.035 -0.005 21 4.180 5.000 23.80 31/07/2019
0.040 0.020 0.020 0.020 539856 GAMUDA-C56 0.020 -0.015 40 2.650 3.700 43.55 30/04/2019 0.650 0.300 0.525 0.520 7088WB POHUAT-WB 0.525 -0.010 124 1.540 1.000 -0.97 21/10/2020
0.060 0.015 0.040 0.035 539857 GAMUDA-C57 0.035 -0.015 100.8 2.650 3.500 36.04 31/07/2019 0.070 0.030 0.055 0.055 463429 POS-C29 0.055 Unch 60 1.940 2.600 45.36 28/06/2019
0.105 0.050 0.075 0.070 539858 GAMUDA-C58 0.075 -0.010 44.2 2.650 2.800 22.64 30/04/2019 0.130 0.080 0.115 0.110 463431 POS-C31 0.115 Unch 430 1.940 2.000 26.80 31/07/2019
0.175 0.070 0.135 0.130 539859 GAMUDA-C59 0.130 -0.025 265.4 2.650 2.350 8.30 30/08/2019 0.155 0.140 0.150 0.140 463433 POS-C33 0.150 0.005 259 1.940 2.000 18.56 31/10/2019
0.130 0.065 0.110 0.100 539860 GAMUDA-C60 0.100 -0.020 47.6 2.650 2.880 27.55 17/06/2019 0.280 0.085 0.110 0.085 8966WA PRLEXUS-WA 0.085 -0.015 38.5 0.545 1.200 135.78 14/06/2021
0.105 0.045 0.085 0.085 539861 GAMUDA-C61 0.085 -0.015 8 2.650 3.200 33.58 31/05/2019 0.220 0.035 0.070 0.065 5070WA PRTASCO-WA 0.070 Unch 276.8 0.265 0.750 209.43 25/04/2023
0.115 0.055 0.085 0.085 539862 GAMUDA-C62 0.085 -0.015 41.2 2.650 2.500 13.58 13/06/2019 0.115 0.010 0.035 0.025 7145WA PSIPTEK-WA 0.035 0.005 2258.7 0.125 0.100 8.00 16/11/2019
1.300 0.125 0.250 0.235 5398WE GAMUDA-WE 0.245 -0.010 1029 2.650 4.050 62.08 06/03/2021 0.180 0.045 0.060 0.055 0186WA PTRANS-WA 0.055 -0.005 2440.8 0.230 0.235 26.09 19/09/2020
0.410 0.135 0.280 0.250 5226WB GBGAQRS-WB 0.275 -0.005 4820.7 1.020 1.120 36.76 26/09/2023 0.205 0.055 0.080 0.080 0007WA PUC-WA 0.080 0.005 1 0.100 0.100 80.00 25/12/2024
0.425 0.035 0.060 0.055 0078WB GDEX-WB 0.060 0.005 125.6 0.300 0.383 47.50 05/02/2020 0.545 0.120 0.205 0.200 7134WA PWF-WA 0.200 -0.100 67.7 0.750 0.620 9.33 20/07/2021
0.225 0.005 — — 471537 GENM-C37 0.005 — — 0.987 5.100 419.00 31/01/2019 0.155 0.050 0.075 0.075 7084CL QL-CL 0.075 Unch 200 6.900 7.400 14.86 30/05/2019
0.165 0.005 0.005 0.005 471538 GENM-C38 0.005 Unch 250 1.550 5.500 256.45 26/03/2019 0.135 0.055 0.075 0.070 5256WA REACH-WA 0.075 -0.005 587.8 0.310 0.750 166.13 12/08/2022
0.125 0.030 0.045 0.045 471542 GENM-C42 0.045 Unch 223.9 3.260 4.600 47.32 28/06/2019 0.435 0.355 0.435 0.355 0200WA REVENUE-WA 0.360 Unch 42602.6 1.200 1.250 34.17 14/01/2024
0.085 0.040 0.055 0.055 471543 GENM-C43 0.055 Unch 110 3.260 3.900 28.07 25/06/2019 0.200 0.040 0.135 0.130 9954WB RGTBHD-WB 0.130 Unch 214.5 0.180 0.100 27.78 14/05/2023
0.085 0.050 0.075 0.075 471544 GENM-C44 0.075 0.005 51.8 3.260 4.000 34.20 28/06/2019 0.110 0.065 0.070 0.070 106611 RHBBANKC11 0.070 Unch 22.1 5.490 5.750 9.84 04/04/2019
0.165 0.105 0.150 0.150 471545 GENM-C45 0.150 0.005 60 3.260 2.900 11.96 13/06/2019 0.265 0.040 0.100 0.085 1066C8 RHBBANK-C8 0.085 0.005 203.6 5.490 5.300 1.18 28/02/2019
0.150 0.100 0.140 0.135 471546 GENM-C46 0.135 Unch 5906.9 3.260 3.400 25.00 31/07/2019 0.180 0.055 0.075 0.070 8567WB SALCON-WB 0.075 Unch 312.1 0.240 0.300 56.25 19/07/2025
0.155 0.100 0.135 0.135 471547 GENM-C47 0.135 0.005 337.5 3.260 3.200 16.79 25/06/2019 0.020 0.005 — — 0133WC SANICHI-WC 0.005 — — 0.060 0.630 958.33 24/09/2019
0.135 0.115 0.120 0.120 471548 GENM-C48 0.120 0.005 1850.8 3.260 3.180 17.79 02/08/2019 0.100 0.030 0.035 0.030 521873 SAPNRGC73 0.030 Unch 7774.4 0.285 0.400 56.14 31/05/2019
0.215 0.185 0.195 0.185 471549 GENM-C49 0.190 0.005 1535 3.260 3.100 18.40 31/07/2019 0.055 0.030 0.035 0.030 521874 SAPNRGC74 0.030 Unch 11790.1 0.285 0.409 59.50 28/06/2019
0.175 0.170 0.175 0.170 471550 GENM-C50 0.170 Unch 630.4 3.260 3.150 12.27 31/10/2019 0.340 0.065 0.085 0.085 7247WA SCGM-WA 0.085 Unch 0.7 1.240 3.960 226.21 31/07/2020
2.660 1.490 2.250 2.000 2291WA GENP-WA 2.250 Unch 2.2 10.020 7.750 -0.20 17/06/2019 0.130 0.020 0.035 0.035 0161WA SCH-WA 0.035 Unch 100 0.120 0.100 12.50 04/12/2021
0.175 0.010 0.115 0.105 318257 GENTINGC57 0.105 -0.010 2254.6 6.670 7.700 23.31 28/06/2019 0.125 0.010 0.020 0.010 7158WB SCOMI-WB 0.015 -0.005 53.2 0.050 0.210 350.00 18/02/2023
0.105 0.025 0.055 0.050 318258 GENTINGC58 0.050 -0.010 379.2 6.670 7.250 13.94 30/09/2019 0.270 0.010 0.010 0.010 7073WB SEACERA-WB 0.010 Unch 150 0.215 0.930 337.21 29/05/2019
0.110 0.090 0.100 0.100 318259 GENTINGC59 0.100 -0.010 2320 6.670 7.200 16.94 25/06/2019 0.260 0.020 0.030 0.025 7073WC SEACERA-WC 0.025 Unch 626.2 0.215 1.000 376.74 21/01/2021
0.150 0.085 0.135 0.125 318260 GENTINGC60 0.125 -0.015 51.2 6.670 7.180 17.95 28/06/2019 0.350 0.170 0.275 0.265 7180WA SERNKOU-WA 0.275 0.015 121 0.560 0.400 20.54 20/03/2023
0.125 0.065 0.115 0.110 318261 GENTINGC61 0.110 -0.010 293.9 6.670 6.600 10.49 13/06/2019 0.175 0.050 0.065 0.060 7246WA SIGN-WA 0.065 -0.005 49.7 0.375 0.970 176.00 21/04/2021
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Stocks end nearly flat as trade
woes offset stimulus hopes
SHANGHAI: China’s major stock indices
ended nearly flat yesterday, as hopes of more
stimulus measures to shore up economic
growth were offset by worries over the Sino-
US trade dispute.
The blue-chip CSI 300 Index slipped
0.1% to 3,141.05 points, while the Shanghai
Composite Index (SSEC) inched up 0.1% to
2,581 points.
China will step up fiscal spending this
year to support its economy, focusing on
further cuts in taxes and fees for small firms,
finance ministry officials said yesterday.
Mounting pressure on the world’s second-
biggest economy pushed growth last year to
its lowest since 1990 even as Beijing stepped
up stimulus measures and spurred banks to
lend more.
Putting a dent on sentiment was a
report by the Financial Times that the US
President Donald Trump administration had
rejected an offer from China for preparatory
trade talks this week ahead of high-level
negotiations scheduled for next week.
White House economic adviser Larry
Kudlow pushed back against reports that a
preliminary trade meeting between US and
Chinese officials was cancelled, saying the
story was not true.
As much as Trump wants to boost markets
through a trade pact with China, he will not
soften his position that Beijing must make
real structural reforms, including how it
handles intellectual property, to reach a
deal, advisers say.
Huawei suppliers and Chinese telecom
stocks were in retreat, after US said it will
seek extradition of the telecoms giant’s chief
financial officer.
The largest percentage gainers in the SSEC
were Zhongnongfa Seed Industry Group Co
Ltd , up 10.13%, followed by Beijing Dynamic
Power Co Ltd, gaining 10.11% and Sichuan
Hongda Co Ltd, up by 10.11%.
The largest percentage losers in the SSEC
were Xinjiang Winka Times Department
Store Co Ltd, down 10%, followed by Wintime
Energy Co Ltd losing 9.8% and GuangYuYuan
Chinese Herbal Medicine Co Ltd falling
9.13%.
Hong Kong’s main Hang Seng Index ended
flat yesterday, while the China H-shares index
rose, as optimism over stimulus measures
to boost economic growth in China offset
concerns about the tepid outlook for trade
and global economy.
The Hang Seng Index was up 0.01% at
27,008.2 points, while he Hang Seng China
Enterprises Index rose 0.17% to 10,631.03.
US — Wall Street falls as economic
outlook, corporate forecasts sour
NEW YORK: US stocks ended lower on
Tuesday, snapping a four-session rally, as
a gloomy global economic growth outlook,
trade concerns and disappointing company
forecasts dampened sentiment.
All three major US stock indices pared
losses after White House economic adviser
Larry Kudlow denied a report by the Financial
Times that the US President Donald Trump
cancelled preparatory trade talks with China.
Still, the S&P 500 Index, the Nasdaq
Composite Index and the Dow Jones
Industrial Average all posted their biggest
one-day percentage drops since Jan 3.
On Monday, the International Monetary
Fund trimmed its 2019 global economic
growth estimates, and China confirmed its
slowest economic growth rate in 28 years.
“There seems to be a plethora of negative
news regarding the global economy and
China and the corporate profits that were
reported today (Tuesday) couldn’t offset
that,” said Chuck Carlson, chief executive
officer at Horizon Investment Services in
Hammond, Indiana.
“A lot of companies are coming out with
earnings this week, so it’s going to be a battle
between earnings and the perception of
what’s going on China and the global market,”
Carlson added.
The downbeat China news pulled
chipmakers lower. The Philadelphia SE
Semiconductor Index fell 2.9%.
Each of the FAANG momentum stocks,
Facebook Inc, Apple Inc, Amazon.com,
Netflix Inc and Google parent Alphabet
Inc, ended down between 1.6% and 4.1%.
Fears of a slowdown in corporate profits
mounted as companies posting fourth-
quarter (4Q) results provided disappointing
forward-looking projections.
Johnson and Johnson dropped 1.4% after
its 2019 sales forecast fell short of analyst
expectations.
Shares of Stanley Black and Decker Inc
tumbled 15.5% after its disappointing 2019
forecast.
The Dow fell 301.87 points or 1.22% to
24,404.48. The S&P 500 lost 37.81 points or
1.42%, to 2,632.9; and the Nasdaq Composite
dropped 136.87 points or 1.91% to 7,020.36.
Of the 11 major sectors of the S&P 500, all
but utilities closed lower. Industrials, energy,
communications services and consumer
discretionary had the largest percentage
losses.
With just over 12% of S&P 500 companies
having reported thus far, 78.7% have beat
expectations. Analysts expect S&P 500 4Q
earnings growth of 14.1%, down from 20.1%
on Oct 1, according to Refinitiv data.
Oilfield services company Halliburton
Co declined 3.1% as falling oil prices and
slowing US demand weighed on 4Q results.
International Business Machines Corp
rose in post-market trading after reporting a
smaller-than-expected drop in 4Q revenue.
During the dearth of US economic data
stemming from the government shutdown,
a report from the National Association of
Realtors showed US sales of existing homes
fell in December to the lowest level in three
years. The PHLX Housing Index fell 1.8%.
— Reuters

Shanghai Composite Hang Seng Dow Jones Euro STOXX 50 Index

Index points Index points Index points
Index points
5800 33800 27500 3900
2,581.00 27,008.20
+1.30 +2.75
29305 21,056.93
(+0.05%) (+0.01%)
4825 23025 3415
2,772.70
3850 24810 18550 2930
10,403.79
3,087.842
2875 20315 14075 24,404.48 2445 3,112.80
-301.87 -12.27
(-1.22%) (-0.39%)
1900 15820 9600 1960
Mar 1, 2010 Jan 23, 2019 Mar 1, 2010 Jan 23, 2019 Mar 1, 2010 Jan 22, 2019 Mar 1, 2010 Jan 22, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.180 0.030 0.035 0.035 711341 TOPGLOV-C41 0.035 Unch 90 4.850 6.000 27.32 28/06/2019
0.085 0.070 0.070 0.070 419730 SIME-C30 0.070 Unch 50 2.280 2.700 27.63 31/07/2019 0.245 0.060 0.070 0.065 711342 TOPGLOV-C42 0.070 -0.005 666.2 4.850 5.800 27.53 31/05/2019
0.080 0.045 0.055 0.055 7155CO SKPRES-CO 0.055 0.010 150 1.240 1.350 22.18 30/05/2019 0.275 0.070 0.080 0.080 711343 TOPGLOV-C43 0.080 -0.005 3516.2 4.850 5.880 29.48 17/06/2019
0.215 0.005 0.015 0.015 5213WA SNTORIA-WA 0.015 0.010 0.1 0.400 0.570 46.25 15/04/2019 0.145 0.055 0.065 0.060 711344 TOPGLOV-C44 0.060 -0.010 1235 4.850 6.600 42.89 31/07/2019
0.125 0.030 0.040 0.035 0093WA SOLUTN-WA 0.035 Unch 62.7 0.105 0.200 123.81 04/07/2021 0.260 0.085 0.090 0.085 7173WB TOYOINK-WB 0.090 0.005 148.2 0.610 1.500 160.66 06/11/2023
0.180 0.100 0.150 0.145 866411 SPSETIA-C11 0.150 Unch 1926 2.440 2.300 12.70 25/06/2019 0.270 0.110 — — 7176WA TPC-WA 0.130 — — 0.310 0.200 6.45 19/01/2021
0.180 0.175 0.180 0.175 866414 SPSETIA-C14 0.175 0.025 0.8 2.440 2.150 6.05 31/10/2019 0.030 0.005 0.010 0.005 0118WB TRIVE-WB 0.010 0.005 3.2 0.015 0.090 566.67 28/08/2020
0.085 0.010 — — 0140WA STERPRO-WA 0.020 — — 0.155 0.480 222.58 17/02/2021 0.125 0.070 — — 7100CD UCHITEC-CD 0.080 — — 2.580 3.276 37.15 15/03/2019
0.045 0.005 — — 7143WA STONE-WA 0.010 — — 0.145 0.300 113.79 21/06/2020 0.150 0.030 0.035 0.030 7100CE UCHITEC-CE 0.030 -0.015 600 2.580 3.300 31.40 24/04/2019
0.195 0.095 0.105 0.100 0080WA STRAITS-WA 0.100 Unch 139.5 0.220 0.115 -2.27 10/08/2022 0.120 0.005 — — 514860 UEMS-C60 0.005 — — 0.390 0.970 150.00 31/01/2019
0.100 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 Unch 893.4 0.010 0.320 3,150 03/03/2021 0.075 0.030 — — 514864 UEMS-C64 0.040 — — 0.780 0.880 23.08 28/06/2019
0.065 0.025 — — 5211CS SUNWAY-CS 0.030 — — 1.530 1.650 11.76 15/03/2019 0.090 0.040 0.075 0.065 514865 UEMS-C65 0.070 -0.005 500.2 0.780 0.750 14.10 28/06/2019
0.590 0.210 0.280 0.270 5211WB SUNWAY-WB 0.270 -0.010 80.9 1.530 1.790 34.64 03/10/2024 0.065 0.055 0.060 0.060 514866 UEMS-C66 0.060 -0.005 0.4 0.780 0.880 28.21 28/06/2019
0.195 0.030 0.060 0.060 0148WA SUNZEN-WA 0.060 0.010 10 0.175 0.100 -8.57 14/04/2019 0.075 0.005 — — 458810 UMW-C10 0.010 — — 5.820 7.000 21.48 18/03/2019
0.140 0.025 0.025 0.025 0148WB SUNZEN-WB 0.025 -0.005 185.5 0.175 0.250 57.14 25/02/2021 0.095 0.015 0.085 0.075 458811 UMW-C11 0.085 0.005 0.5 5.820 6.100 13.57 28/06/2019
0.480 0.040 — — 710642 SUPERMX-C42 0.060 — — 1.490 1.440 4.70 31/01/2019 0.270 0.110 0.255 0.240 458812 UMW-C12 0.255 0.010 590.2 5.820 4.600 5.33 30/05/2019
0.175 0.005 — — 710647 SUPERMX-C47 0.005 — — 1.490 2.300 55.45 27/02/2019 0.240 0.105 0.240 0.240 458813 UMW-C13 0.240 0.015 2 5.820 4.700 5.50 30/08/2019
0.185 0.005 0.005 0.005 710648 SUPERMX-C48 0.005 -0.005 800 0.750 2.250 201.67 30/04/2019 0.225 0.145 — — 458814 UMW-C14 0.220 — — 5.820 4.880 6.53 17/06/2019
0.083 0.005 — — 710649 SUPERMX-C49 0.005 — — 0.840 2.500 198.96 18/02/2019 0.250 0.155 0.225 0.215 458815 UMW-C15 0.220 -0.005 30 5.820 4.800 5.15 28/06/2019
0.125 0.005 0.005 0.005 710650 SUPERMX-C50 0.005 Unch 31.4 1.490 2.650 78.86 29/03/2019 0.150 0.115 0.150 0.130 458816 UMW-C16 0.150 0.005 701 5.820 5.800 15.12 25/06/2019
0.090 0.005 — — 710651 SUPERMX-C51 0.005 — — 1.490 2.225 50.34 15/03/2019 0.155 0.115 0.155 0.145 458817 UMW-C17 0.145 Unch 160 5.820 6.300 21.20 31/07/2019
0.220 0.050 0.055 0.050 710652 SUPERMX-C52 0.050 -0.005 2157.3 1.490 1.650 19.13 29/03/2019 0.170 0.060 0.060 0.060 500512 UNISEM-C12 0.060 -0.010 600 2.910 3.000 14.43 26/03/2019
0.120 0.010 0.010 0.010 710653 SUPERMX-C53 0.010 -0.010 365 1.490 2.100 42.62 29/03/2019 0.150 0.100 — — 500513 UNISEM-C13 0.110 — — 2.910 2.800 15.12 15/03/2019
0.230 0.095 — — 710654 SUPERMX-C54 0.135 — — 1.490 1.750 40.10 31/05/2019 0.135 0.050 0.050 0.050 500514 UNISEM-C14 0.050 -0.035 49.8 2.910 3.300 22.85 29/03/2019
0.225 0.055 0.065 0.060 710655 SUPERMX-C55 0.065 -0.005 211.3 1.490 1.750 26.17 31/07/2019 0.150 0.110 — — 500515 UNISEM-C15 0.110 — — 2.910 3.300 32.30 17/06/2019
0.310 0.105 0.125 0.115 710656 SUPERMX-C56 0.115 -0.020 1093 1.490 1.400 13.26 30/05/2019 0.185 0.050 0.075 0.070 5243WA VELESTO-WA 0.070 -0.010 1589.6 0.215 0.395 116.28 18/10/2024
0.305 0.110 — — 710657 SUPERMX-C57 0.125 — — 1.490 1.400 14.93 30/04/2019 0.760 0.430 0.570 0.530 7240WA VERTICE-WA 0.570 0.025 300 0.930 0.500 15.05 31/03/2024
0.250 0.070 0.085 0.080 710658 SUPERMX-C58 0.080 -0.005 270.4 1.490 1.650 24.16 20/05/2019 0.355 0.100 0.175 0.175 0120WB VIS-WB 0.175 -0.005 104 0.455 0.750 103.30 16/11/2022
0.260 0.090 0.105 0.100 710659 SUPERMX-C59 0.100 -0.005 80.7 1.490 1.500 17.45 30/08/2019 0.053 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.020 0.070 275.00 22/01/2020
0.170 0.055 0.060 0.060 710660 SUPERMX-C60 0.060 -0.010 315 1.490 1.900 37.58 25/06/2019 0.030 0.003 0.010 0.005 0069WD VIVOCOM-WD 0.010 Unch 120.5 0.020 0.070 300.00 08/07/2020
0.095 0.040 0.045 0.045 710661 SUPERMX-C61 0.045 -0.005 400 1.490 2.000 43.29 13/06/2019 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 128.2 0.020 0.050 175.00 22/08/2023
0.230 0.070 — — 7186WB SWSCAP-WB 0.070 — — 0.680 0.900 42.65 19/07/2023 0.425 0.310 0.415 0.400 7070WC VIZIONE-WC 0.405 -0.010 60 1.010 0.700 9.41 05/02/2022
0.150 0.055 — — 5012CM TAANN-CM 0.080 — — 2.470 3.000 34.41 15/04/2019 0.135 0.010 — — 6963C3 VS-C3 0.010 — — 0.785 1.550 101.27 30/01/2019
0.050 0.020 0.025 0.025 2429WB TANCO-WB 0.025 Unch 620 0.055 0.050 36.36 23/08/2021 0.165 0.005 0.005 0.005 6963C5 VS-C5 0.005 Unch 30 0.785 1.600 105.73 29/03/2019
0.090 0.035 0.035 0.035 5178WA TATGIAP-WA 0.035 Unch 237.2 0.105 0.120 47.62 26/12/2023 0.040 0.005 — — 6963C7 VS-C7 0.005 — — 0.785 2.000 157.01 20/05/2019
0.255 0.065 — — 7200WA TEKSENG-WA 0.075 — — 0.260 0.250 25.00 29/01/2020 0.150 0.120 0.125 0.120 6963C8 VS-C8 0.120 Unch 4910 0.785 0.770 36.31 30/08/2019
0.050 0.025 — — 534749 TENAGA-C49 0.025 — — 13.540 17.500 31.09 30/04/2019 0.120 0.095 0.095 0.095 6963C9 VS-C9 0.095 Unch 5651.2 0.785 0.880 42.36 02/08/2019
0.190 0.075 0.095 0.090 534750 TENAGA-C50 0.095 Unch 652.2 13.540 14.400 14.77 28/06/2019 0.080 0.050 — — 967916 WCT-C16 0.060 — — 0.820 0.850 25.61 20/05/2019
0.140 0.055 0.065 0.060 534751 TENAGA-C51 0.065 Unch 31.9 13.540 14.000 8.20 30/08/2019 0.285 0.045 0.080 0.080 9679WE WCT-WE 0.080 Unch 306.1 0.820 2.080 163.41 27/08/2020
0.105 0.045 — — 534752 TENAGA-C52 0.070 — — 13.540 15.500 19.65 25/06/2019 0.135 0.095 0.135 0.115 0197WA WEGMANS-WA 0.125 0.010 2129.3 0.310 0.300 37.10 13/01/2022
0.105 0.105 0.105 0.105 534753 TENAGA-C53 0.105 -0.045 2.3 13.540 14.400 15.50 02/08/2019 0.180 0.085 0.105 0.095 0162WA WIDAD-WA 0.100 Unch 2531.7 0.300 0.350 50.00 05/08/2023
0.360 0.100 — — 7252WA TEOSENG-WA 0.260 — — 1.010 1.350 59.41 29/01/2020 0.015 0.010 — — 0141WA WINTONI-WA 0.010 — — 0.035 0.100 214.29 23/02/2019
0.100 0.005 — — 0145WA TFP-WA 0.005 — — 0.095 0.100 10.53 15/02/2019 0.210 0.050 — — 5246CW WPRTS-CW 0.080 — — 3.880 3.450 -4.90 31/01/2019
2.610 0.705 0.860 0.860 7034WA TGUAN-WA 0.860 -0.015 2.2 2.420 1.500 -2.48 09/10/2019 0.120 0.045 — — 5246CX WPRTS-CX 0.050 — — 3.880 4.200 12.11 24/04/2019
0.165 0.050 — — 486333 TM-C33 0.065 — — 2.700 3.000 23.15 28/06/2019 0.150 0.095 — — 5246CY WPRTS-CY 0.145 — — 3.880 3.350 1.29 30/08/2019
0.050 0.020 0.035 0.030 486334 TM-C34 0.030 -0.010 143 2.700 3.200 21.85 31/07/2019 0.409 0.070 0.135 0.120 7245WA WZSATU-WA 0.120 -0.005 593.4 0.330 0.380 51.52 28/10/2024
0.105 0.065 0.095 0.095 486335 TM-C35 0.095 Unch 509 2.700 2.800 23.06 28/06/2019 0.015 0.005 — — 0095WA XINGHE-WA 0.005 — — 0.040 0.100 162.50 22/03/2019
0.195 0.120 0.175 0.170 486336 TM-C36 0.175 -0.005 533.8 2.700 2.200 10.65 28/06/2019 0.135 0.015 — — 7293CS YINSON-CS 0.015 — — 4.060 4.900 22.54 31/01/2019
0.235 0.115 0.220 0.215 486337 TM-C37 0.215 -0.010 0.4 2.700 2.150 3.52 30/09/2019 0.130 0.015 0.015 0.015 7293CT YINSON-CT 0.015 Unch 90 4.060 4.680 16.93 31/05/2019
0.160 0.110 0.150 0.145 486338 TM-C38 0.145 -0.010 0.4 2.700 2.500 19.44 17/06/2019 0.140 0.075 — — 7293CU YINSON-CU 0.075 — — 4.060 4.600 23.46 15/03/2019
0.180 0.165 0.170 0.165 486339 TM-C39 0.165 -0.005 496.4 2.700 2.600 17.69 31/07/2019 0.120 0.065 — — 7293CV YINSON-CV 0.070 — — 4.060 4.950 32.27 30/05/2019
0.190 0.025 0.035 0.030 0101WB TMCLIFE-WB 0.035 Unch 1809 0.730 0.750 7.53 21/06/2019 0.095 0.010 — — 7020WB YKGI-WB 0.025 — — 0.115 0.500 356.52 28/05/2020
0.450 0.170 0.220 0.195 7285WA TOMYPAK-WA 0.220 0.010 39 0.685 0.930 67.88 21/06/2021 1.090 0.130 0.175 0.160 7066WA YONGTAI-WA 0.170 Unch 294.4 0.385 0.500 74.03 24/06/2020
0.405 0.045 0.050 0.045 711333 TOPGLOV-C33 0.045 Unch 455 4.850 5.500 16.65 29/03/2019 0.250 0.015 0.030 0.030 467719 YTL-C19 0.030 -0.005 30 1.140 1.200 7.89 28/02/2019
0.275 0.045 — — 711335 TOPGLOV-C35 0.045 — — 4.850 6.100 29.48 30/01/2019 0.195 0.055 — — 467720 YTL-C20 0.055 — — 1.140 1.150 10.53 30/01/2019
0.185 0.005 0.005 0.005 711336 TOPGLOV-C36 0.005 -0.005 60 2.420 6.500 169.83 27/02/2019 0.045 0.005 — — 2283WA ZELAN-WA 0.005 — — 0.060 0.250 325.00 25/01/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T HUR SDAY JAN UARY 24, 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 22, 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. US airlines lure helicopter pilots amid shortage
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE US regional airlines are paying to train helicopter pilots to fly commercial aircraft as part
7-ELEVEN MALAYSIA 13,000,000 CLASSIC UNION GROUP LTD.,VIRGIN 151,500,000 17/1 of efforts to ease a global pilot shortage that threatens industry growth just as travel demand
ISLANDS, BRITISH
AEON CO (M) (478,200) EMPLOYEES PROVIDENT FUND BOARD 182,202,400 16/1
booms. To hire new pilots, regional airlines are offering tuition reimbursement, sign-on
ASTRO MALAYSIA (597,100) EMPLOYEES PROVIDENT FUND BOARD 421,661,264 17/1 bonuses and higher salaries.
AXIS REAL ESTATE 690,000 EMPLOYEES PROVIDENT FUND BOARD 200,765,212 16/1
INVESTMENT TRUST
CAHYA MATA SARAWAK (891,000) DATO SRI SULAIMAN ABDUL RAHMAN 106,156,955 17 & 22/1 Pilot training reimbursements
TAIB Amout airlines are offereing to train helicopter pilots.
CIMB GROUP (11,428,300) EMPLOYEES PROVIDENT FUND BOARD 1,338,122,405 10, 11
14, 15 & 17/1
CYPARK RESOURCES (1,000,000) DATO DAUD AHMAD 69,882,884 17/1
D&O GREEN TECHNOLOGIES (593,600) KUMPULAN WANG PERSARAAN 58,977,800 18/1
(DIPERBADANKAN)
DIGI.COM (1,356,600) EMPLOYEES PROVIDENT FUND BOARD 1,130,972,650 16/1
EXCEL FORCE MSC (738,000) EXACTA CO., LTD. VIRGIN ISLANDS, BRITISH 22,612,000 18/1
GENTING PLANTATIONS (2,271,200) EMPLOYEES PROVIDENT FUND BOARD 78,800,600 16/1
HARTALEGA (950,000) EMPLOYEES PROVIDENT FUND BOARD 212,114,000 16/1
IHH HEALTHCARE (1,831,500) EMPLOYEES PROVIDENT FUND BOARD 720,211,900 16/1
IMASPRO CORPORATION 1,035,000 YU KUAN CHON 17,526,904 18/1
INARI AMERTRON 5,213,400 KUMPULAN WANG PERSARAAN 422,588,875 18/1
(DIPERBADANKAN)
INARI AMERTRON 714,900 EMPLOYEES PROVIDENT FUND BOARD 217,985,545 16/1
IOI CORPORATION (4,499,500) EMPLOYEES PROVIDENT FUND BOARD 771,769,573 16/1
MALAKOFF CORPORATION 1,464,600 KUMPULAN WANG PERSARAAN 416,113,334 18/1
(DIPERBADANKAN)
MALAYAN BANKING 1,530,700 AMANAHRAYA TRUSTEE 3,784,389,081 17/1
- AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 1,436,995,496 16/1
MALAYSIA AIRPORTS (673,300) EMPLOYEES PROVIDENT FUND BOARD 183,358,792 16/1
MAXIS (20,110,000) EMPLOYEES PROVIDENT FUND BOARD 879,924,414 16/1 Annual starting pay since 2008
MISC (2,538,400) EMPLOYEES PROVIDENT FUND BOARD 281,027,211 15 & 16/1 Regional airline salaries have more than doubled. Figures do not include bonuses.
NI HSIN RESOURCES 1,049,000 KHOO CHEE KONG 26,386,500 18/1
PETRONAS CHEMICALS GROUP (1,871,800) EMPLOYEES PROVIDENT FUND BOARD 661,030,600 16/1
PETRONAS GAS (584,500) EMPLOYEES PROVIDENT FUND BOARD 181,692,700 16/1
PPB GROUP (676,100) EMPLOYEES PROVIDENT FUND BOARD 159,381,770 16/1
PUBLIC BANK (1,960,400) EMPLOYEES PROVIDENT FUND BOARD 469,400,700 16/1
RIMBUNAN SAWIT (822,500) TIONG KIONG KING 21,040,400 17 & 18/1
SERN KOU RESOURCES 7,000,000 LOW PENG SIAN @ CHUA PENG SIAN 78,940,200 17 & 18/1
SIGNATURE INTERNATIONAL 500,000 TENYIN HOLDING 65,456,008 18/1
SIME DARBY (1,566,000) EMPLOYEES PROVIDENT FUND BOARD 661,417,575 14 - 16/1
SIME DARBY (744,400) KUMPULAN WANG PERSARAAN 424,630,749 15 & 16/1
(DIPERBADANKAN)
SIME DARBY (1,097,500) AMANAHRAYA TRUSTEE 2,962,916,300 15 & 16/1
- AMANAH SAHAM BUMIPUTERA
SIME DARBY PLANTATION (6,426,200) EMPLOYEES PROVIDENT FUND BOARD 967,416,331 15 & 16/1
SUNWAY 500,000 EMPLOYEES PROVIDENT FUND BOARD 353,239,570 16/1
SUNWAY REAL ESTATE 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 440,814,200 16/1
INVESTMENT TRUST
TA ENTERPRISE 1,920,000 DATUK TIAH THEE KIAN 687,782,500 16/1
TELEKOM MALAYSIA 1,286,900 EMPLOYEES PROVIDENT FUND BOARD 623,105,677 16/1
TIONG NAM LOGISTICS 2,200,000 ONG YOONG NYOCK 231696045 22/1
TOP GLOVE CORPORATION (3,128,000) EMPLOYEES PROVIDENT FUND BOARD 161,692,322 16/1
UMW (1,981,000) EMPLOYEES PROVIDENT FUND BOARD 126,176,768 16/1
YINSON (601,600) EMPLOYEES PROVIDENT FUND BOARD 147,837,300 16/1
YNH PROPERTY 2,020,000 DATO DR YU KUAN CHON 168,799,957 18/1
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
Jobs versus workers
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with Candidates abound for lower skilled jobs but diminish as the skills needed grow.
Bursa Malaysia. Note: * denotes Ace Market

Stocks closest to year high Stocks closest to year low

STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
YTLREIT 1.280 1.220 1.280 2404.9 TEXCYCL 0.575 0.510 0.510 72.2
FGV-C66 0.235 0.185 0.235 3173.3 REVENUE-WA 0.435 0.355 0.360 42602.6
UMW-C17 0.155 0.145 0.145 160 FGV-C60 0.005 0.005 0.005 100
FGV-C62 0.075 0.055 0.075 1870 UNISEM-C14 0.050 0.050 0.050 49.8
FGV-C67 0.300 0.220 0.295 2278.2 PENSONI-WB 0.135 0.110 0.135 25.3
FGV-C64 0.185 0.150 0.180 6529 FGV-C54 0.005 0.005 0.005 199
AXREIT 1.720 1.660 1.700 1907.1 CNASIA 0.480 0.400 0.480 10.1
FGV-C63 0.135 0.095 0.130 19969.3 HSI-H4Q 0.275 0.275 0.275 0.7
FGV-C65 0.140 0.110 0.140 7316.2 KAWAN 1.840 1.800 1.800 117
IGBREIT 1.790 1.740 1.780 3729.7 EPMB 0.400 0.365 0.365 55
SPB 6.130 6.100 6.130 70.1 KNUSFOR 0.420 0.420 0.420 10
KBUNAI 0.105 0.085 0.095 5432.5 BJFOOD 1.310 1.280 1.310 401.2
TOPVISN 0.375 0.375 0.375 5 INARI-C33 0.200 0.200 0.200 0.4
GENM-C50 0.175 0.170 0.170 630.4 MCT 0.620 0.615 0.615 8.4
SPSETIA-C14 0.180 0.175 0.175 0.8 PADINI-CX 0.135 0.135 0.135 450
HSI-C5M 1.420 1.420 1.420 3.6 FBMKLCI-H6R 0.315 0.315 0.315 25.4
WEGMANS-WA 0.135 0.115 0.125 2129.3 MRCB-C39 0.100 0.095 0.100 690.4

This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. 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 $ 0.598 0.679 0.678 0.521 0.905 0.924 0.924 0.952 2.8131 4.612 57.009 4.464 2.496 9,632 48.444 74.499 5.839 35.809 2.473 2.548 6.129 21.574 5.331
EURO 1.673 1.137 1.134 0.872 1.513 1.545 1.545 1.592 4.7059 7.715 95.368 7.468 4.175 16,113 81.040 124.627 9.767 59.904 4.138 4.263 10.253 36.090 8.918
US $ 1.472 0.880 0.997 0.767 1.331 1.360 1.360 1.401 4.1400 6.787 83.900 6.570 3.673 14,175 71.294 109.640 8.593 52.700 3.640 3.750 9.020 31.750 7.846
SWISS FR 1.476 0.882 1.003 0.769 1.335 1.363 1.363 1.404 4.1508 6.805 84.119 6.587 3.682 14,212 71.480 109.926 8.615 52.837 3.649 3.760 9.043 31.833 7.866
STERLING £ 1.918 1.147 1.304 1.300 1.736 1.772 1.772 1.826 5.3969 8.848 109.372 8.565 4.788 18,479 92.939 142.926 11.202 68.700 4.745 4.889 11.758 41.389 10.228
CANADA $ 1.105 0.661 0.751 0.749 0.576 1.021 1.021 1.052 3.1093 5.097 63.012 4.935 2.758 10,646 53.545 82.344 6.454 39.580 2.734 2.817 6.774 23.845 5.892
BRUNEI $ 1.083 0.647 0.736 0.734 0.564 0.979 1.000 1.030 3.0452 4.992 61.713 4.833 2.702 10,427 52.441 80.646 6.320 38.764 2.677 2.759 6.634 23.354 5.771
SINGAPORE $ 1.083 0.647 0.736 0.734 0.564 0.979 1.000 1.030 3.0452 4.992 61.713 4.833 2.702 10,427 52.441 80.646 6.320 38.764 2.677 2.759 6.634 23.354 5.771
AUSTRALIA $ 1.051 0.628 0.714 0.712 0.548 0.951 0.971 0.971 2.9555 4.845 59.895 4.690 2.622 10,119 50.896 78.271 6.134 37.622 2.599 2.677 6.439 22.666 5.601
MALAYSIA RM 0.355 0.212 0.242 0.241 0.185 0.322 0.328 0.328 0.338 1.0000 1.639 20.266 1.587 0.887 3,424 17.221 26.483 2.076 12.729 0.879 0.906 2.179 7.669 1.895
100 CHINESE RMB 21.683 12.962 14.734 14.695 11.302 19.618 20.031 20.031 20.638 60.9970 1,236 96.804 54.113 208,851 1,050.423 1,615 126.602 776.458 53.630 55.255 132.891 467.790 115.594
100 BANGLAD’H TAKA 1.754 1.049 1.192 1.189 0.914 1.587 1.620 1.620 1.670 4.9344 8.090 7.831 4.378 16,895 84.976 130.679 10.242 62.813 4.338 4.470 10.750 37.843 9.351
100 DANISH KRONER 22.399 13.390 15.220 15.180 11.675 20.265 20.692 20.692 21.320 63.0110 103.30 1,277 55.900 215,747 1,085.11 1,669 130.78 802.10 55.40 57.08 137.28 483.24 119.41
100 UAE DIRHAM 40.070 23.953 27.227 27.156 20.886 36.253 37.016 37.016 38.139 112.7205 184.80 2,284 178.89 385,950 1,941 2,985 233.96 1,435 99.11 102.11 245.58 864.46 213.61
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0292 0.048 0.592 0.046 0.026 0.503 0.773 0.061 0.372 0.026 0.026 0.064 0.224 0.055
100 INDIA RUPEE 2.064 1.234 1.403 1.399 1.076 1.868 1.907 1.907 1.965 5.8069 9.520 117.681 9.216 5.152 19,883 153.784 12.053 73.919 5.106 5.260 12.651 44.533 11.005
100 JAPAN YEN 1.342 0.802 0.912 0.910 0.700 1.214 1.240 1.240 1.278 3.7760 6.190 76.523 5.993 3.350 12,929 65.026 7.837 48.066 3.320 3.421 8.227 28.958 7.156
100 NORWEGIAN KRONER 17.127 10.238 11.638 11.607 8.927 15.495 15.822 15.822 16.302 48.1800 78.987 976 76.463 42.743 164,966 829.703 1,276 613.305 42.361 43.645 104.967 369.496 91.305
100 PHILIPPINE PESO 2.793 1.669 1.898 1.893 1.456 2.527 2.580 2.580 2.658 7.8558 12.879 159.203 12.467 6.969 26,898 135.284 208.046 16.305 6.907 7.116 17.115 60.247 14.887
100 QATAR RIYAL 40.431 24.169 27.473 27.401 21.074 36.579 37.349 37.349 38.483 113.7363 186.462 2,305 180.502 100.901 389,428 1,959 3,012 236.065 1,448 103.030 247.792 872.251 215.539
100 SAUDI RIYAL 39.242 23.458 26.665 26.595 20.455 35.504 36.251 36.251 37.351 110.3912 180.978 2,237 175.194 97.934 377,974 1,901 2,923 229.122 1,405 97.059 240.504 846.597 209.199
100 SWEDISH KRONOR 16.317 9.754 11.087 11.058 8.505 14.762 15.073 15.073 15.530 45.9000 75.250 930.196 72.844 40.720 157,159 790.439 1,216 95.268 584.282 40.357 41.579 352.010 86.984
100 THAI BAHT 4.635 2.771 3.150 3.141 2.416 4.194 4.282 4.282 4.412 13.0394 21.377 264.253 20.694 11.568 44,646 224.550 345.323 27.064 165.984 11.465 11.812 28.408 24.711
100 HK$ 18.758 11.213 12.746 12.713 9.778 16.971 17.328 17.328 17.854 52.7684 86.510 1,069.389 83.745 46.813 180,677 908.719 1,397 109.523 671.713 46.395 47.801 114.964 404.684
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
THU R S DAY JA N UA RY 24 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
18.00 105.0
1980 1,694.50 90000 0.00 4.5
(-4.50) (+0.50) 3.78
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

96.237
(-0.066) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Jan 23, 2019 Jan 4, 2010 Jan 23, 2019 Oct 2, 2006 Jan 23, 2019 Oct 1, 2000 Jan 23, 2019

KLCI futures contracts FBM KLCI futures US dollar near three-week Klibor
close lower INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
high as central banks eyed MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,688.14 -13.98 132.7M The US dollar held near a three-week MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives closed lower yesterday, JAN 19 1,694.50 -4.50 7,155 27,480 313 high yesterday after the Bank of Japan left SEP9 96.22 — — —
in sync with the weaker underlying cash FEB 19 1,694.50 -3.50 442 1,154 224
monetary policy unchanged, boosting risk DEC9 96.22 — — —
MAR 19 1,690.00 -4.50 45 540 17
market. JUN 19 1,682.50 -3.50 22 198 1
appetite and sending the yen lower. MAR0 96.22 — — —
Spot months January 2019 and March TOTAL With Tokyo sounding a cautious note on JUN0 96.22 — — —
7,664 29,372 555
SEP0 96.22 — — —
2019 fell 4.5 points each to 1,694.5 and the outlook for global growth, attention shifted DEC0 96.22 — — —
1,690 respectively, while February 2019 FUTURES
JAN/FEB
ROLL OVER BID
0.5
OFFER
0.0
CLOSE
0.0
to the European Central Bank (ECB), which MAR1 96.22 — — —
and June 2019 slipped 3.5 points each to meets today. Markets expect it to acknowledge JUN1 96.22 — — —
1,694.5 and 1,682.5 respectively. FUTURES FAIR VALUE growing threats to the eurozone economy. SEP1 96.22 — — —
DEC1 96.22 — — —
Turnover increased to 7,664 lots from CONTRACT
JAN 19
DAYS TO EXPIRY
9
KLIBOR DIVIDEND FAIR VALUE
1.28 0.00 1.28
The caution from senior policymakers MAR2 96.22 — — —
5,616 lots on Tuesday, while open interest FEB 19 37 5.76 5.06 0.70 comes as economic data from China to JUN2 96.22 — — —
widened to 29,372 contracts against 27,070 ROLL’S FAIR -0.58 Europe shown signs of a slowdown. Traders SEP2 96.22 — — —
contracts previously. reacted by unwinding some of their bearish DEC2 96.22 — — —
MAR3 96.22 — — —
The underlying benchmark KLCI US dollar bets, especially against the euro.
JUN3 96.22 — — —
finished 13.98 points lower at 1,688.14. “The ECB will likely join its global peers in SEP3 96.22 — — —
Malaysian shares fell yesterday, striking a cautious view on growth and that JAN-00 — — — —
underperforming other Southeast Asian should keep the US dollar supported, especially JAN-00 — — — —
markets ahead of a central bank policy Thai stocks rose 1% with almost all sectors with bearish expectations on the greenback such JAN-00 — — — —
TOTAL 0 0
meeting and December inflation data, while in positive territory. — Agencies a consensus trade,” said an analyst. — 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
2,281
3450
(+18) 5075
1660 1,284.70
152500 0.2985 0.525 121.25 (+1.30)
(RM2,721/tonne) 53.36
(+0.35) 1340
2700 105000 3750 0.350 87.50

1950 2425 0.175

1020
57500 53.75
2,281
1200 (+18) 700
10000 1100 0.000 20.00
Jan 6, 2008 Jan 23, 2019 Apr 10, 2007 Jan 23, 2019 Aug 31, 2008 Jan 23, 2019
Jan 6, 2008 Jan 23, 2019

Palm oil hits five-month CPO futures Oil up nearly 1% as stimulus Commodities

top on weaker ringgit CONTRACT

FEB-19
LAST
2,191
CHANGE
28
VOLUME
372
OPEN CHANGE IN
INTEREST OPEN INTEREST
5,725 -738
hopes ease growth concerns AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,281 18
RUBBER SEN/KG MRB 542.50 -5.50
MAR-19 2,251 28 6,804 30,440 -1,586
Malaysian palm oil futures reversed earlier Oil prices rose almost 1% yesterday on hopes CORN USC/BSH CBOT 380.75 1.75
APR-19 2,281 18 15,437 64,235 -954
SOYBEANS USC/BSH CBOT 913.75 4.50
losses to rise to their highest in nearly five MAY-19 2,299 14 5,605 40,949 -1,679 that Japan and China would take fiscal
WHEAT USC/BSH CBOT 524.25 3.00
months yesterday evening, charting a fourth JUN-19 2,302 15 1,421 20,031 119 stimulus measures to stem an economic LIVE CATTLE USC/IBS CME 126.08 -1.30
day of gains, on a weaker ringgit and tracking CPO FUTURES CPO/SOYOIL slowdown which has weighed on financial COCOA US$/TON NYBOT 2,284 3
gains in US soyoil on the US Chicago Board INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) markets. COFFEE USC/IBS NYBOT 106.85 0.25
FEB/MAR -60 -74.29
of Trade (CBoT). FEB/APR -92 3 MONTHS AVERAGE -72.71
Brent crude was at US$61.98 per barrel, SUGAR USC/IBS NYBOT 13.06 -0.10
The market had earlier declined on FEB/MAY up 48 US cents or 0.98%, from their last close. COTTON USC/IBS NYC 76.13 0.30
-109 6 MONTHS AVERAGE -85.37
overnight weakness in crude oil prices and MAR/APR -32 US crude was at US$53.36 per barrel, up 35 METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,550 -50
profit booking by investors. SGS & ITS EXPORT ESTIMATES (TONNES) US cents or 0.89%. COPPER USC/IBS CMX 2.6670 0.0075
The benchmark palm oil contract for SHIPMENT DAYS NOV’18 DEC’18 JAN’19 Oil prices fell by 2% on Tuesday as GOLD US$/TROY OZ CMX 1,284.70 1.30
April delivery on Bursa Malaysia Derivatives 1 - 10TH DAYS 352/307 312/299 466/458 financial markets reeled from concerns about PLATINUM US$/TROY OZ NYMEX 794.00 2.80
gained 0.9% to RM2,283 a tonne at the close 1 - 15TH DAYS 552/549 600/524 647/607
a global eocnomic slowdown and the heavy PALLADIUM US$/TROY OZ NYMEX 1,290.00 -3.30
of trade. It earlier rose as much as 1.1% to 11 -- 20TH DAYS
25TH DAYS
823/793
1,074/1,040
879/847
1,078/974
963/930
—/—
losses spooked investors into safe-haven SILVER USC/TROY OZ CMX 15.34 0.07
RM2,288, its strongest levels since Sept 6. FULL MONTH assets such as government bonds or gold. ALUMINIUM RMB/TON SHF 13,555 95
1,241/1,250 1,340/1,273 —/—
ZINC RMB/TON SHF 21,320 215
“Strong externals and the weaker ringgit MALAYSIAN PALM OIL BOARD A litany of poor economic data worldwide
were supportive of the market,” said a Kuala SEP’18 OCT’18 NOV’18 DEC’18 — including tumbling US home sales, slumping ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 53.36 0.35
Lumpur-based futures trader, referring to PRODUCTION 1,854 1,965 1,845 1,808 Canadian factory sales and wholesale trade HEATING OIL USC/GAL NYMEX 1.9100 0.0168
EXPORT 1,619 1,571 1,375 1,383
CBoT soyoil. STOCKS 2,541 2,722 3,007 3,215
along with Japanese import and export data NATURAL GAS US$/MMBTU NYMEX 3.038 0.066
The ringgit, palm oil’s traded currency, which fell short of expectations — sapped BRENT CRUDE US$/BBL ICE 61.98 0.48
MPOB palm oil physical
weakened as much as 0.2% against the US market confidence. — Reuters GAS OIL US$/TON ICE 575.75 10.50
dollar yesterday, making it cheaper for (IN RM/TON) JAN’19 FEB’19 MAR’19

foreign buyers. The ringgit was last down CPO DELD

PK EX-MILL
2,056.00 NO TRADE NO TRADE
NO TRADE NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
0.1% at 4.135. CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
Although the market was earlier down, RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
another futures trader had said it could firm RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
up as palm oil export data so far showed RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 390.00 1475 542.50
(-3.00)
rising demand. MPOB FFB REF PRICE (MILL GATE PRICE) (-5.50)

Malaysian palm oil shipments during REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Jan 1 and Jan 20 rose in the range of 9% NORTH 20.00% 419 19.00% 400 18.00% 380
and 13% from a month earlier, according to SOUTH 20.00% 424 19.00% 404 18.00% 384
500 625
cargo surveyors Intertek Testing Services, CENTRAL 20.00% 420 19.00% 400 18.00% 380
AmSpec Agri Malaysia and Societe Generale EAST COAST 20.00% 420 19.00% 400 18.00% 380 300 200
SABAH 22.00% 406 21.00% 388 20.00% 370 Jan 7, 2007 Jan 23, 2019 Jan 7, 2007 Jan 23, 2019
de Surveillance. — Reuters SARAWAK 22.00% 412 21.00% 393 20.00% 375
 Markets
32 T HU R SDAY JAN UARY 24, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

KLCI 1,688.14 13.98 FBM ACE 4,443.78 2.06 FTSTI 3,171.11 21.60 NIKKEI 20,593.72 29.19 HANG SENG 27,008.20 2.75 DOW JONES 24,404.48 301.87

A schedule defends from chaos and whim. Market movers

— Annie Dillard
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 ARMADA 201,481.2 -0.005 -2.33 0.210 — 1.07
('000) (%) (RM) (RM) (RM) (RM) SAPNRG 115,750.7 0.005 1.79 0.285 — 2.44
Index point
1697.0 REVENUE-WA 42,603 0.00 0.000 0.360 0.435 0.355 FGV 80,123.7 0.080 8.60 1.010 — 5.65
1,694.50
1695.3 (-4.50) HSI-H4X 38,964 -1.37 -0.005 0.360 0.390 0.340 VS 57,455.5 UNCH UNCH 0.785 9.01 4.97
1693.6 PANPAGE 28,299 -7.55 -0.020 0.245 0.270 0.240 IRIS 50,723.4 -0.005 -3.33 0.145 — 0.00
1691.9 KLCI futures KUB 21,491 33.80 0.120 0.475 0.475 0.355 REVENUE-WA 42,602.6 UNCH UNCH 0.360 — 0.00
1690.2 FGV-C63 19,969 30.00 0.030 0.130 0.135 0.095 HSI-H4X 38,964.1 0.005 1.41 0.360 — 0.00
ARMADA-C49 16,674 0.00 0.000 0.020 0.025 0.020 BPURI 33,615.9 -0.035 -12.50 0.245 20.00 0.00
1688.5
HSI-C3W 15,322 -2.04 -0.005 0.240 0.265 0.215 PANPAGE 28,299.3 -0.020 -7.55 0.245 — 0.00
1686.8 1,688.14
(-13.98) A50CHIN-C32 15,180 1.64 0.005 0.310 0.320 0.305 GBGAQRS 25,923.2 0.010 0.99 1.020 6.73 4.21
1685.1 HSI-C5B 12,245 1.06 0.005 0.475 0.500 0.445
KL Composite Index PRESBHD 25,581.0 0.005 1.59 0.320 31.19 5.40
1683.4 SAPNRGC74 11,790 0.00 0.000 0.030 0.035 0.030 GKENT 22,993.5 0.060 5.61 1.130 5.07 3.27
1681.7 HSI-H6A 11,267 -2.56 -0.005 0.190 0.210 0.190 HIBISCS 22,969.6 -0.005 -0.51 0.975 5.30 0.00
1680.0 SASBADI 9,714 6.98 0.015 0.230 0.250 0.225 MYEG 22,709.0 0.050 5.15 1.020 46.19 1.75
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
MYEG-C55 8,756 7.14 0.005 0.075 0.075 0.070 KUB 21,491.4 0.120 33.80 0.475 10.50 4.23
ATURMJU-PA 7,779 -16.67 -0.005 0.025 0.030 0.025 MALAKOF 21,440.9 -0.010 -1.18 0.840 1.73 6.82
Daily FBM KLCI SAPNRGC73 7,774 0.00 0.000 0.030 0.035 0.030 TIGER 20,223.4 UNCH UNCH 0.080 — 0.00
KOMARK 7,325 0.00 0.000 0.180 0.190 0.175 FGV-C63 19,969.3 0.020 18.18 0.130 — 0.00
HUAAN 17,923.4 UNCH UNCH 0.210 5.82 0.00
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
ARMADA-C49 16,674.0 UNCH UNCH 0.020 — 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,688.14 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(-13.98) market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,680.97
KLCI falls as market jittery UP
CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

after Wall Street selldown

1425.0 BAT 37.960 0.460 PETDAG 25.600 -0.400
PANAMY 38.000 0.280 PBBANK 24.800 -0.380
MSNIAGA 1.750 0.250 UTDPLT 25.800 -0.300
1122.5
APM 2.900 0.140 AJI 18.620 -0.280
KUALA LUMPUR: The FBM KLCI declined 13.98 points KUB 0.475 0.120 PMETAL 4.180 -0.270
820.0 or 0.82% to 1,688.14 points yesterday, tracking regional LPI 16.380 0.120 GENTING 6.670 -0.260
Jan 2, 2008 Jan 23, 2019
movements after the overnight selldown on Wall Street and VITROX 6.700 0.110 BKAWAN 16.700 -0.200
the fall in crude oil prices. NESTLE 148.000 0.100 AEONCR 15.900 -0.180
900 Malacca Securities Sdn Bhd senior analyst Kenneth RVIEW 3.100 0.080 PENSONI 0.420 -0.170
KIANJOO 2.780 0.080 MGB-WA 0.225 -0.165
Leong said the market was jittery as sentiment was not only
600 PPB 17.880 0.080 TENAGA 13.540 -0.160
affected by the overnight fall on Wall Street, but also the first FGV 1.010 0.080 HSI-H4Q 0.275 -0.145
300 decline in oil price in the past five days.
“Investors globally are watching out for the upcoming Top gainers and losers (ranked by percentage)
0 US corporate earnings growth, but the market seems to be

 
Volume (’mil) pessimistic about the upcoming reporting season. We are UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
expecting the KLCI to trend sideways and be limited to 1,700
FBM KLCI futures points this week,” Leong told theedgemarkets.com. SNTORIA-WA 0.015 200.00 FGV-C54 0.005 -88.89

CONTRACT SETTLEMENT CHANGE HIGH LOW

“We are not expecting a pre-Lunar New Year rally this year TRIVE-WB 0.010 100.00 MYEG-C43 0.005 -80.00
E&O-WB 0.010 100.00 ARMADA-C48 0.005 -50.00
JAN 19 1,694.50 -4.50 1,696.50 1,689.50 as well, simply because there is not much growth catalyst, HARTA-C14 0.010 100.00 MALAKOFC14 0.020 -50.00
FEB 19 1,694.50 -3.50 1,696.00 1,690.00 unless we see some positive news flow, like an easing of DAYA 0.015 50.00 SUPERMX-C48 0.005 -50.00
MAR 19 1,690.00 -4.50 1,691.00 1,686.50
tensions on the trade war.” KFM 0.170 36.00 SUPERMX-C53 0.010 -50.00
Reuters reported that Asian stocks trod water yesterday KUB 0.475 33.80 TOPGLOV-C36 0.005 -50.00
FBM KLCI sensitivity* as concerns over the outlook for global economic growth NETX 0.020 33.33 GAMUDA-C56 0.020 -42.86

KLCI CHANGE CLOSE VOLUME and the ongoing Sino-US trade war kept investors away from HARTA-C16 0.020 33.33 MGB-WA 0.225 -42.31
POINTS (RM) (RM) ('000) BORNOIL-WD 0.020 33.33 UNISEM-C14 0.050 -41.18
MAYBANK 0.52 0.030 9.540 10801.8
riskier assets. Japan’s Nikkei closed 0.14% lower, while the FGV-C63 0.130 30.00 PMETAL-C17 0.030 -40.00
RHB BANK 0.19 0.030 5.490 2826.7 Hong Kong Hang Seng Index inched up 0.01% and South FGV-C67 0.295 28.26 HSI-H4Q 0.275 -34.52
PETRONAS GAS 0.19 0.060 17.680 756.9 Korea’s Kospi rose 0.47%.
PPB GROUP 0.18 0.080 17.880 1066.0 Domestically, total trading volume was 2.07 billion Top gainers and losers - warrants (ranked by percentage)
TOP GLOVE CORPORATION -0.16 -0.040 4.850 4520.0 shares, worth RM1.92 billion. There were 325 gainers
GENTING MALAYSIA -0.19 -0.020 3.260 12400.8 UP CHANGE DOWN CHANGE
SIME DARBY -0.21 -0.020 2.280 5047.9
versus 468 losers, with 376 counters remaining unchanged. CLOSE (%) CLOSE (%)
SIME DARBY PLANTATION -0.21 -0.020 5.150 3509.9 — by Chester Tay SNTORIA-WA 0.015 200.00 FGV-C54 0.005 -88.89
DIALOG GROUP -0.35 -0.040 3.030 12093.8
World equity indices TRIVE-WB 0.010 100.00 MYEG-C43 0.005 -80.00
PETRONAS DAGANG -0.62 -0.400 25.600 514.9 E&O-WB 0.010 100.00 ARMADA-C48 0.005 -50.00
PETRONAS CHEMICAL -1.25 -0.100 8.420 9198.3 CLOSE CHANGE CLOSE CHANGE HARTA-C14 0.010 100.00 MALAKOFC14 0.020 -50.00
TENAGA NASIONAL -1.42 -0.160 13.540 8801.7
DOW JONES 24,404.48 -301.87 INDONESIA 6,451.17 -17.39 NETX 0.020 33.33 SUPERMX-C48 0.005 -50.00
GENTING -1.57 -0.260 6.670 11997.4
S&P 500 2,632.90 -37.81 JAPAN 20,593.72 -29.19 HARTA-C16 0.020 33.33 SUPERMX-C53 0.010 -50.00
CIMB GROUP -1.64 -0.110 5.660 12427.1
NASDAQ 100 6,646.81 -137.80 KOREA 2,127.78 10.01 BORNOIL-WD 0.020 33.33 TOPGLOV-C36 0.005 -50.00
PRESS METAL -1.67 -0.270 4.180 4404.1
FTSE 100 6,901.39 -69.20 PHILIPPINES 7,989.65 -19.02 FGV-C63 0.130 30.00 GAMUDA-C56 0.020 -42.86
PUBLIC BANK -2.30 -0.380 24.800 2712.2
AUSTRALIA 5,843.70 -15.10 SINGAPORE 3,171.11 -21.60 FGV-C67 0.295 28.26 MGB-WA 0.225 -42.31
SUB-TOTAL -10.53
CHINA 2,581.00 1.30 TAIWAN 9,846.40 -48.26 KANGER-WA 0.025 25.00 UNISEM-C14 0.050 -41.18
OTHERS -3.45
HONG KONG 27,008.20 2.75 THAILAND 1,617.38 15.61 KNM-WB 0.025 25.00 PMETAL-C17 0.030 -40.00
GRAND TOTAL -13.98
INDIA 36,108.47 -336.17 VIETNAM 908.18 1.63 FGV-C66 0.235 23.68 HSI-H4Q 0.275 -34.52
* How stock price changes affected the index on the previous trading day

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