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PP 9974/08/2013 (032820)
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THURSDAY JULY 25, 2019 ISSUE 2935/2019

FINANCIAL
DAILY
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participants get their documents
5 HOME BUSINESS

NAJIB’S
SRC TRIAL

Najib’s SRC trial

postponed as
defence
counsel unwell
S T O RY O N PA G E 6 GLOBAL
2

Facebook to pay
RECESSION
US$100m to settle
SEC charges
FEAR
OVERPLAYED
4 HOME BUSINESS

June CPI advances

at fastest pace in
13 months, but
forecast for full year
below 1%
— BNM
4 HOME BUSINESS
There will be moderation of growth,
but not contraction,
Genting Malaysia a key feature of a recession.
up on expectation
of earlier theme Emir Zainul has the story on Page 3.
park opening
5 HOME BUSINESS

Syed Mokhtar may Fiscal deficit down 39% to RM21.4b in Jan–May

have already owned Guan Eng: Development expenditure rose 13%,
19.72% of Utusan thanks to positive impact of open competitive tenders
— filing 4 HOME BUSINESS
2 T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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Facebook to pay
US$100m SEC charges
Agency claims social network misled investors about misuse of data
BY BEN BAIN & M AT T RO BI NS O N
WASHINGTON/NEW YORK: Face-
book Inc will pay US$100 million
(RM412 million) to resolve US Se-
curities and Exchange Commission
(SEC) claims that the social network-
ing giant misled investors about the
misuse of account holders’ data,
adding to the litany of fines against
the firm over privacy violations.
Even though Facebook was
REUTERS
Malaysia needs to improve
the quality of growth — OECD
BY AR JUNA CHANDRAN S HANK AR
KUALA LUMPUR: While commend-
ing Malaysia’s high levels of econom-
ic performance to date, the Organisa-
tion for Economic Co-operation and
Development (OECD) has warned
policymakers that the challenge now
is not only to boost growth, but to
improve the quality of growth if it
aspires to attain high-income status.
This includes improving pro-
ductivity and implementing new
structural reforms which can help
the country move up global val-
ue chains, according to the latest
OECD Economic Survey of Malay-
sia which was presented in Putra-
jaya yesterday to Deputy Economic
Affairs Minister Dr Mohd Radzi
Md Jidin by OECD Deputy Sec-
retary-General Masamichi Kono.
In a statement, the OECD ob-
served the survey suggested Malay-
sia ensure more sustainable public
finances, improving skills acqui-
sition for all, and strengthening
integrity across the public sector,
among others.
In particular, it found the need
to reform Malaysia’s fiscal policy,
aware by late 2015 that an outside
developer had been misusing infor-
mation gathered from its custom-
ers, the company publicly down-
played any risk of the data being
handled in violation of its rules as
“merely hypothetical”, the SEC said
in yesterday’s statement. The alle-
gations relate to data obtained by
Cambridge Analytica, a consulting
firm hired by US President Donald
Trump’s 2016 campaign.
which should include increasing
the current level of tax revenue
through eliminating “numerous”
tax exemptions, improving the tax
system’s efficiency, broadening
tax bases, increasing indirect tax
revenue — particularly consump-
tion-related taxes to reduce the
reliance on oil-related revenues.
“Strengthening fiscal account-
ability and improving budget pro-
cess transparency and public debt
management will also be neces-
sary,” said the OECD.
On enhancing integrity in the
public sector, it said this could be
achieved by placing greater transpar-
ency and more competition in public
procurement processes, better ac-
countability of state owned compa-
nies, stronger regulatory frameworks
for public-private partnerships and
enhanced anti-corruption measures.
The survey also noted that great-
er investment in education and
training will be required to prepare
the workforce for future working
conditions and to move up the val-
ue chain, in particular, better access
to upskilling and reskilling oppor-
tunities to ensure skill relevancy.
For breaking news updates go to
www.theedgemarkets.com
Facebook’s settlement with the
SEC, in which the company did not
admit or deny wrongdoing, comes
as the company also agreed to pay a
record US$5 billion penalty to resolve
a related case brought by the Federal
Trade Commission. The SEC, which
polices what public companies dis-
close to their shareholders, alleged
that Facebook failed to adhere to re-
quirements for what firms must com-
municate to investors. — Bloomberg
BRITAIN’S NEW
PRIME MINISTER ...
Queen Elizabeth II (right)
welcoming Boris Johnson
during an audience in
Buckingham Palace in London,
Britain yesterday. ‘The Queen
received in audience The Right
Honourable Boris Johnson
MP (member of Parliament)
yesterday afternoon and
requested him to form a new
administration,’ Buckingham
Palace said. See related
stories on Pages 12, 18 & 20.
The OECD also highlighted Ma-
laysia’s “substantial market imbal-
ances and shortages of workers
across the skills spectrum, with diffi-
culties expected under the impulse of
automation and population ageing.”
In order to transition to a
high-income economy, existing
efforts to attract foreign direct in-
vestment (FDI), promote entrepre-
neurship and the uptake of new
technology need to continue.
From the point of environmen-
tally sustainable growth, the survey
pointed out that Malaysia can elim-
inate energy subsidies in favour of
targeted cash transfers.
“It (the survey) also highlights
the positive impact of greater coor-
dination of environmental policy
at the subnational level and points
out the opportunity for greater use
of environmental taxation, notably a
carbon tax,” the OECD highlighted.
Kono said the challenges Ma-
laysia faces also means “ensuring
greater environmental protection
and creating the conditions for the
development of a more innovative
and dynamic economy which pro-
motes higher living standards for all.”
China may deploy
troops to contain
HK protests
ANKARA: China may use the Peo-
ple’s Liberation Army (PLA) per-
sonnel deployed in Hong Kong to
“contain” the ongoing anti-gov-
ernment protests, Anadolu Agen-
cy reported, quoting an official.
Chinese defence ministry
spokesperson Wu Qian told
reporters in Beijing that if the
Hong Kong government requests
PLA, “it can be deployed to Hong
Kong to maintain social order”,
the South China Morning Post
reported yesterday.
The intervention by PLA is
seen as China’s hardening stance
against ongoing anti-extradition
bill demonstrations in the auton-
omous region.
“Sunday’s siege of the main-
land government’s liaison office in
the city was intolerable,” Wu said.
Hong Kong is witnessing mass
protests against Chief Executive
Carrie Lam’s move to introduce
an amendment which will legalise
extradition of suspects to main-
land China, Macau and Taiwan.
Meanwhile, tensions emerged
at University of Queensland, Aus-
tralia, with footage on Twitter
yesterday showing a fraught con-
frontation between supporters of
China’s government and protest-
ers opposed to the Asian financial
hub’s proposed extradition bill.
The rival groups faced off at
the university campus, with one
side singing pro-China songs and
the other chanting “free Hong
Kong”. — Bernama/Bloomberg
Hibiscus Petroleum
achieves first oil in
North Sabah PSC
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Hibiscus Petro-
leum Bhd has achieved first oil in
the North Sabah Production Shar-
ing Contract (North Sabah PSC).
In a statement yesterday, it
said its wholly-owned unit SEA
Hibiscus Sdn Bhd successfully
drilled and completed the SJ-
105A well on July 16. It is the first
of three infill wells being drilled
as part of the St Joseph infill drill-
ing project in Malaysia.
“The SJ-105A wellbore was
drilled as a horizontal well con-
sisting of approximately 2,400ft
of horizontal section which en-
countered approximately 1,000ft
of oil in the targeted reservoirs of
the St Joseph oilfield.
The SJ-105A well was sub-
sequently brought online and
achieved a stabilised production
flow rate of slightly above 1,000
barrels of oil per day, with 0% wa-
ter cut, exceeding expectations.”
SEA Hibiscus assumed oper-
atorship of the North Sabah PSC
on March 31, 2018, as a 50% joint
venture working interest partner
with Petronas Carigali Sdn Bhd.
The PSC consists of St Joseph,
South Furious, SF30 and Barton
— four fields located offshore Sa-
bah, which collectively produce to
the Labuan Crude Oil Terminal.
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
HOME BUSINESS 3

Global recession fear No decision

yet on CPTPP
ratification —

overplayed — BNM Miti

There will be moderation of growth, but not contraction, a key feature of a recession
BY E M I R Z A I NU L
KUALA LUMPUR: While the es-
calating trade tension between
the US and China will moderate
Malaysia’s economic growth, it
will not cause a global econom-
ic recession next year, said Bank
Negara Malaysia (BNM).
“I think the recession fear is
overplayed at this point in time.
What we are seeing is just lower
growth compared to our long-term
average,” said BNM Economics De-
partment director Fraziali Ismail.
In a media briefing yesterday
entitled “US–China Trade War —
Context and Implications”, Fraziali
explained that even in a hypo-
thetical situation where the US
and China eventually go into a
full-blown trade war — in which
every trade between them is tar-
iffed — his team estimated that
global growth will be cut to 3%.
Thus, he argued that it would
just be a moderation of growth,
instead of a contraction, a sali-
ent feature in a global economic
recession.
“For global standards, that
[growth level] is pretty low, and
some countries will fall into a re-
cession. But it’s not as big as to say
it will result in a global financial
crisis. Granted, it’s [the US-China
trade war that is] a huge shock.
But on its own, it won’t plunge the
economy into a deep recession,”
he added.
On Tuesday, Affin Hwang chief
economist Alan Tan said global
gross domestic product (GDP)
growth could drop to 3.1%, and
that there was a 30% chance of
a worldwide recession in 2020 if
US-China trade tensions worsen
in the next few months, leading to
a full-blown trade war towards the
end of the third or fourth quarter.
According to Tan, a GDP growth
of 3.1% is “close to a global reces-
sion”, and that anything less than
3% signifies a global recession.
His prognosis follows the In-
ternational Monetary Fund (IMF)
lowering its forecasts for global
growth to 3.2% in 2019 and 3.5%
in 2020, down 0.1% for both years
from its April forecast. This is the
fourth time the IMF lowered its
global growth forecast since Oc-
tober last year.
The IMF warned that more
US-China tariffs or a no-deal Brexit
could further stunt growth, weak-
en investment, and disrupt sup-
ply chains.
Tan had also said Malaysia
needs to implement short-term
measures to cushion against the
economic impact.
Responding to this, Fraziali ad-
mitted that the global economy
is facing a lot of risks, specifically
those associated with past global
financial crises.
He observed that most major
economies are facing their own
economic challenges that
had previously driven
global growth, but
are now slowing
economic expan-
sion worldwide.
For instance,
he noted the US
and China are
experiencing
high corporate
debt, whereas Eu-
rope’s low interest
rates have negatively
KUALA LUMPUR: The gov-
ernment has yet to decide on
whether Malaysia will ratify the
Comprehensive and Progressive
Agreement for the Trans-Pacific
Partnership (CPTPP) or not, the
Dewan Negara was told yesterday.
Deputy Minister of Interna-
affected the banks there. my highly reliant on trade, Malay- tional Trade and Industry (Miti)
These issues were major drivers sia should continue to proactively Dr Ong Kian Ming said more time
of global growth in the past, but pursue multilateral trade agree- is needed to assess the clauses
are now constraining the pace of ments, especially within Asean. as the CPTPP is a complex and
growth, Fraziali said. This, he said, will enable strong comprehensive agreement.
“Having said that, if you look attrade and investment linkages “The commitments agreed un-
other [economic] indicators like among Asean countries as well der the CPTPP have a significant
inflation, unemployment, [GDP] as enhance the region’s attrac- impact on some of the current
growth, they’re lower but not out- tiveness as a manufacturing and laws, policies and regulations,
right ugly,” he said. investment destination. including those under the juris-
“It would take a lot of shocks As the trading environment diction of state governments.
for the global economy to move worsens along with the heighten- “It is the government’s respon-
into negative or very low growth.” ing US-China trade tension, Fra- sibility that every free trade agree-
So instead of coming up with a ziali said Malaysia needs to step ment signed by the Malaysian
major economic stimulus plan, he up and find ways to stay relevant government emphasises free and
suggested the government should as a trading nation. fair trade, in line with the govern-
prioritise spending on those most “Whether we like it or not, these ment’s aspiration in implement-
affected by the modest economic (the US and China) are the two ing national development policies
growth. largest economies in the world, for economic benefits that can be
“It’s not so much about ramp- [so] we must trade with them. distributed to target groups,” he
ing up or boosting the economy to We must find ways to maximise said in reply to a question from
counter a recession, because we our opportunities with them. But Senator Datuk Chai Kim Sen who
don’t see a recession in the cards. along the way, the way we do busi- wanted to know the status of the
“So perhaps the government ness has changed, so what can we free trade agreement.
could think about how to prioritise offer to remain relevant?” To a supplementary question
its spending within the confines So far, however, he said Ma- from Chai on whether an impact
of its fiscal reforms. For example, laysia has been able to cushion assessment of the CPTPP would
within [our] society in an econom- the impact of the trade war as it be made public, Ong said it would
ic slowdown, who will be most af- is backed by a well-diversified ex- be done at some point.
fected by that and how can the port portfolio in terms of products He said a study to evaluate
government help them? Let’s and trade partners. whether the CPTPP would have
prioritise that,” he said. Further, he said Malaysia stands positive or negative effects on the
to benefit from further trade diver- country, was being conducted by
Staying relevant sions as a result of the US-China related government agencies and
during a trade war trade war, pointing out 64% of the non-governmental bodies.
Moving forward, Fraziali country’s total exports are some- The CPTPP is a renegotiat-
said as an open econo- what related to US-China tariffs. ed trade deal borne out of the
“One could say [the exports are] Trans-Pacific Partnership Agree-
affected, but on the other hand, ment (TPP) after the US pulled
Fraziali: What we are there is extra demand there for out from the TPP.
seeing is just lower countries that wish to circumvent The CPTPP was signed by the
growth compared to the US and China, so they come to remaining 11 TPP member coun-
our long-term average. us. On one hand, there are risks, tries — Australia, Brunei, Canada,
The Edge file photo but there are also opportunities,” Chile, Japan, Malaysia, Mexico,
he said. New Zealand, Peru, Singapore
“In large parts, we are seeing and Vietnam — on March 8 this
companies restrategising their year.
approach and relocating. We are Besides Malaysia, Brunei,
a net beneficiary of that to some Chile and Peru have also not rat-
extent.” ified the agreement. — Bernama

Economy grows 5.5% in 2018 with GDP at RM1.4 trillion

KUALA LUMPUR: Malaysia’s econ-
omy grew 5.5% in 2018 with a gross
domestic product (GDP) value of
RM1.4 trillion at current prices, said
the Statistics Department.
Bank Negara Malaysia had previ-
ously stated that the country's GDP
grew at 4.7% in 2018 at constant pric-
es. This compares with the central
bank's projected GDP growth rate
of 5% at constant prices in 2018.
The Statistics Department, in a
statement yesterday, said the GDP
was contributed by gross operating
surplus (GOS) of RM882.5 billion,
while employees’ compensation
was RM515.9 billion, up RM29.3
billion from 2017.
Taxes less subsidies on produc-
tion and imports stood at RM48.5
billion compared with the previous
year’s RM64.9 billion, it said.
“Gross operating surplus re-
mained the largest share in income
components at 61% and registered
a growth of 7.6% in 2018, driven by
the services sector, which recorded
9.9% backed by wholesale and re-
tail trade, food and beverage and
accommodation,” chief statistician
Datuk Seri Dr Mohd Uzir Mahidin
was cited as saying by Bernama.
“The manufacturing sector main-
tained a strong growth although
at a more moderate pace of 7.3%,
supported mainly by petroleum,
chemical, rubber and plastic prod-
ucts,” Mohd Uzir said.
He said contribution of employ-
ees’ compensation to GDP expanded
to 35.7%, with a growth of 6%, with
the momentum largely driven by the
services sector which continued to
record a favourable 7.5% growth.
Employees’ compensation for
manufacturing sector, he said, mod-
erated to 5.3% from a double-digit
growth of 11.6% in 2017 due to mild-
er growth in all sub-sectors.
Employees’ compensation for
construction, and mining and quar-
rying sectors grew at 5.1% and 9.6%
respectively, he said.
Conversely, employees’ com-
pensation for the agriculture sector
fell to 9.2% from a positive growth
of 13.5% in 2017.
He said gross domestic income
(GDI) compilation reported net tax-
es or taxes less subsidy on produc-
tion and imports constituted 3.4%
of overall income, and plummeted
to 25.3% after recording a marginal
growth of 0.3% in the previous year.
The national tax policy in 2018
had been restructured with the im-
plementation of the goods and ser-
vices tax at zero rate from June 1 to
Aug 31, 2018, before being replaced
by the sales and services tax effec-
tive Sept 1, 2018.
“This scenario has indirectly im-
pacted on the decline in taxes on
production and imports.
“Furthermore, subsidies have
also increased mainly due to the
stabilisation of retail petrol RON95
and diesel prices. The fuel subsi-
dies increased to RM7.5 billion as
compared with RM3.1 billion in
the previous year,” Mohd Uzir said.
In comparison with selected
countries in 2018, Malaysia's GDI
recorded the highest percentage
share of GOS with 61%, while Sin-
gapore was the second highest with
53.1%.
The lowest GOS was registered
in European countries with Sweden
recording a contribution of 31.7%,
he said.
For percentage share in employ-
ees’ compensation, the US recorded
the highest contribution with 52.8%
followed by Canada with 50.5%.
GDI features income compo-
nents in the form of employees’
compensation, GOS, and taxes
less subsidies on production and
imports.
4 HOME BUSINESS T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Fiscal deficit down June CPI advances

39% to RM21.4b
in January–May
Open tenders led to 13% increase in development expenditure
BY SURIN MURUGIAH
KUALA LUMPUR: Open competi-
tive tenders and zero-based budg-
eting have had a positive impact
on the government’s finances,
leading to a 13% or RM2.4 billion
year-on-year (y-o-y) increase in
development expenditure for the
January-May period, said Finance
Minister Lim Guan Eng.
In a statement yesterday, Guan
Eng said that for the first five
months of 2019, the government
had successfully cut its fiscal defi-
cit by 39% to RM21.4 billion, down
from the RM35 billion deficit re-
corded in the same period last year.
“Nevertheless, the government is
mindful of its subsidy bill, and will
continue to manage its expenses
prudently.
“Additionally, the government
has shrunk its current account defi-
cit to RM1.1 billion in January-May
2019, a reduction of 94% or RM16
billion, from a large RM17.1 bil-
lion deficit in the same period last
year,” he said.
Guan Eng said for the Janu-
ary-May period, government rev-
enue stood at RM105.4 billion ver-
sus RM92.7 billion a year earlier,
while operating expenditure fell
RM3.3 billion to RM106.6 billion
from RM109.9 billion previously.
He said the successful fiscal con-
solidation was among the reasons
for Fitch Ratings’ affirmation of
Malaysia’s sovereign credit rating
at A- with a stable outlook on July
18, which followed a similar con-
firmation by S&P Global Ratings
on July 3.
Guan Eng said fiscal discipline
has been instituted through a com-
bination of tighter controls over
operating expenditure in the form
of wider application of open com-
The government’s fiscal position in the first five months of 2019 and 2018
ITEMS JAN-MAY 2019 JAN-MAY 2018 DIFFERENCE
(A) (RM BIL) (B) (RM BIL) (A)-(B) (RM BIL)
Revenue 105.4 92.7 12.7
Operating expenditure 106.5 109.9 -3.3
Current account balance -1.1 -17.1 16.0
Development expenditure (net) 20.3 17.9 2.4
Fiscal balance -21.4 -35.0 13.6
Source: Ministry of Finance Malaysia
Current fiscal performance till May 2019 versus full-year 2019 budget
ITEMS CURRENT BUDGETED PROGRESS
(A) (RM BIL) (B) (RM BIL) (A/B)
Revenue 105.4 261.8 40.3%
Operating expenditure 106.5 259.9 41.0%
Development expenditure (net) 20.3 54.0 37.6%
Source: Ministry of Finance Malaysia
petitive tender and implementation fiscal deficit for 2020,” he said.
of zero-based budgeting. Guan Eng added that approved
“Further, revenue and spending foreign direct investment (FDI)
measures as outlined in Budget across all sectors for the first quarter
2019 have enabled the government of 2019 rose 73.4% to RM29.3 billion
to improve its financial health. versus RM16.9 billion a year ago.
“As stated in the Budget 2019 He said approved FDI growth
documents, the government plans during the quarter was driven by
to spend RM259.9 billion for oper- a 127% increase in approved man-
ational purposes this year. ufacturing FDI to RM20.2 billion
“The RM106.5 billion worth of from RM8.9 billion a year ago.
operational spending made in [the] “Vehicle sales for the first five
January-May 2019 period repre- months of 2019 have improved by
sents 41% of total budgeted 2019 13% compared [with] the same
operating expenditure,” he said. period a year ago.
The finance minister said based “Meanwhile, unemployment
on the current fiscal performance, rate for May 2019 dropped to 3.3%,
the government is positive of from 3.4% in April 2019.
achieving its fiscal deficit target “The government is on track
of 3.4% of gross domestic product to fully restore its fiscal health by
(GDP), while keeping its 2019 cur- 2021,” he said.
rent account balance in surplus. Guan Eng said with the rakyat’s
“If there is no trade war between support, Malaysia has good pros-
China and the United States, two of pects to overcome the financial
Malaysia’s largest trade partners, the legacy issues of high debt load and
government would even be confident failed governance left behind by the
of achieving the targeted 3% of GDP previous administration.
at fastest pace
in 13 months
BY J U S T IN L IM
KUALA LUMPUR: Malaysia’s
headline inflation, as measured
by the Consumer Price Index
(CPI), accelerated to a 13-month
high in June, owing to a low base
effect because of the removal of
the goods and services tax (GST)
in June last year.
The CPI’s 1.5% climb in June
was significantly higher than the
0.2% year-on-year (y-o-y) rise in
May, and marked the index’s fast-
est pace since May 2018, when it
rose 1.8%.
However, economists do not
expect full-year inflation to ex-
ceed 1% as the low base effect will
continue to end-August. Moreo-
ver the government is expected to
take steps to keep prices in check.
June inflation was in line with
the median forecast in a Reuters
poll of 1.6%, and Bloomberg’s
1.5%.
In a statement yesterday, the
Department of Statistics attrib-
uted the CPI growth for June to
the abolishment of the GST to
zero-rated on June 1, 2018.
This resulted in an increase
in the main groups contained
in the CPI, namely furnishings,
household equipment and rou-
tine household maintenance
(+3.1%), recreation services and
culture (+2.7%), food and non-al-
coholic beverages (+2.3%) and
housing, water, electricity, gas
and other fuels (+2.3%).
UOB Malaysia, in a note yes-
terday, attributed the low base
effects following the zerorisation
of the GST from June 2018 as “the
main reason for last month’s in-
flation uptick.”
Notwithstanding the slight
spike in inflation, the research
house has revised downwards
its forecast CPI for the year at
0.8% from 1.5% previously as
it expects Putrajaya to put in
place new measures to contain
rising costs.
“The ongoing initiatives im-
plemented by the National Action
Council on the cost of living and
the continuation of favourable low
base effects into August are expect-
ed to help keep the nation’s infla-
tion rate low,” said UOB Malaysia.
RHB Research, which had pro-
jected June inflation at 1.3%, said
in a note yesterday: “Following
June’s spike, the year-to-date
headline inflation rate has moved
into positive territory at 0.2%
y-o-y for first half 2019 (1H19),
while year-to-date core inflation
inched higher to 0.6% y-o-y, but
remains fairly manageable.” It is
maintaining its forecast inflation
at 0.9% for 2019.
Because of the low base effect,
headline inflation is expected
to remain high in the coming
months before waning from Sep-
tember onwards owing to the
implementation of the sales and
services tax during the corre-
sponding period last year, RHB
Research observed.
“A possible refloating of the
RON95 fuel price — upon im-
plementation of the targeted fuel
subsidy — could also exert upward
pressure on inflation,” it added.
It does not expect Bank Nega-
ra Malaysia (BNM) to implement
further rate cuts to the overnight
policy rate (OPR) for the remain-
der of 2019.
That said, RHB Research cau-
tioned the worsening global trade
outlook will weigh on Malaysia’s
external trade and dampen eco-
nomic growth next year, and in-
crease the downside risks on in-
terest rates.
“Consequently, we do not rule
out BNM lowering interest rates
by another 25bps (basis points)
to 2.75%, bringing the policy rate
to its lowest in nine years.”
UOB Malaysia also expects
the OPR to be maintained at 3%,
but pending the development of
ongoing trade talks between the
US and China, monetary rate de-
cisions by the US Federal Open
Market Committee and Malay-
sia’s upcoming Budget 2020 in
October.
In May 7, BNM cut its bench-
mark interest rate for the first
time in nearly three years. The
rate was last cut by 25bps to 3%
in July 2016, but was bumped
back to 3.25% in January 2018.

Genting Malaysia up on expectation of earlier theme park opening

KUALA LUMPUR: Genting Malay-
sia Bhd saw active trade yesterday
after Maybank Investment Bank
(IB) Research upgraded the casino
operator from “hold” to “buy” yes-
terday on expectation of an earlier
opening of its troubled theme park.
Genting Malaysia shares reached
as high as RM3.73 in intraday trade
from its opening of RM3.50, be-
fore closing at RM3.70, giving the
group a market capitalisation of
RM21.97 billion. A total of 57.67
million shares changed hands com-
pared to its daily average of 13.6
million shares over the past year.
“We gather that Resorts World
Genting (RWG) could be opening
its outdoor theme park (OTP) a
lot earlier than we expected. Our
earnings estimates are unchanged
but we remove the 10% discount
we previously ascribed to our sum-
of-parts (SOP)-based valuation on
added certainty that the OTP will
finally open,” Maybank IB wrote
in its report.
It also raised its target price for
Genting Malaysia to RM3.80 from
RM3.40 previously.
It added that it is optimistic that
the OTP will drive Genting Malay-
sia’s next phase of earnings growth
regardless of whether it opens in
first quarter 2021 (1Q21) or earlier.
Maybank IB noted that RWG took
out full-page job advertisements
for its theme park division in local
newspapers over the last two weeks.
“While we understand that this
division oversees both Skytropolis
indoor theme park and the OTP, Sky-
tropolis has been open since Decem-
ber 2018. This suggests to us that the
OTP, currently the subject of an US$1
billion lawsuit between Genting Ma-
laysia and Fox/Disney, could be ready
to open soon. We understand that
construction of the OTP was around
95% completed as at July 2019,” it said.
Last November, Genting Malaysia
sued 21st Century Fox and its new
owner Walt Disney Co, for pulling
out of the OTP in RWG.
Genting Malaysia sought more
than US$1 billion in damages in the Genting Malaysia Bhd
suit and said Fox terminated the deal Vol (mil) RM
because Disney does not want to be 15 3.8
associated with a gaming business. RM3.70
Maybank IB said that it is un-
12
sure whether Genting Malaysia will 3.6
reconcile with Fox/Disney, partner
other studios or operate the OTP on 9
its own, and has left its earnings es- 3.4
timates (based on the assumption 6
that it will open in 1Q21) unchanged.
“That said, we remove the 10% 3.2
discount we ascribed to our SOP- 3
based valuation to arrive at a revised
target price of RM3.80 as we are more 0 3.0
certain that [the] OTP will finally June 25, 2019 July 24, 2019
open,” it said.
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
FundMyHome+DepositKu
participants get their documents
The scheme realises Malaysians' dream of owning a place of their own, says EdgeProp chairman
BY A R J U N A CHA ND RA N SHA NKAR
KUALA LUMPUR: Sixteen first-
time homebuyers received their
documents as participants of
the FundMyHome+DepositKu
scheme yesterday from Housing
and Local Government (KPKT)
Minister Zuraida Kamaruddin.
The scheme, launched in Febru-
ary, is a joint initiative between
EdgeProp Sdn Bhd and KPKT.
“It (FundMyHome) is a via-
ble and interesting alternative
[to conventional financing],” said
Zuraida, adding that the plat-
form benefits people from various
backgrounds, especially the bot-
tom 40% based on their incomes.
“Follow ing the FundMy-
Home+DepositKu scheme’s
launch in February, today we are
delighted to witness the realisa-
tion of fellow Malaysians' dream
of finally owning a place they can
call their own,” said EdgeProp
chairman Datuk Tong Kooi Ong.
Tong said FundMyHome does
not substitute conventional ways
of purchasing a home, but “offers
a new and viable alternative to
owning a home for those needing
it the most”.
He added that in a strategic
partnership with EdgeProp, Pana-
sonic Malaysia is offering a 30%
discount in a special move-in
package for FundMyHome+De-
positKu scheme homebuyers. This
Syed Mokhtar may have already
owned 19.72% of Utusan
BY W O N G EE L I N
KUALA LUMPUR: Tycoon Tan Sri
Syed Mokhtar Albukhary may have
already owned a 19.72% stake in
Malaysia’s oldest Malay daily Utu-
san Melayu (M) Bhd before the
acquisition earlier this week by
Nilam Setar Sdn Bhd that’s linked
to him.
In a filing with Bursa Malaysia on
Monday, Utusan disclosed that Nil-
am Setar bought 5.5 million shares,
or a 4.97% stake, on July 19 this year,
raising its shareholding in the me-
dia group to 19.72% or 21.84 million
shares.
It is said that Nilam Setar is almost
wholly-owned by Datuk Seri Ismail
Yusof, a member of the board of trus-
tees and the executive vice-chair-
man of Syed Mokhtar’s Albukhary
Foundation.
Interestingly, the 5.5 million
shares acquired by Nilam Setar tal-
lied with the total amount of shares
held by Aspirasi Sigma Sdn Bhd and
Fasa Mahsuri Sdn Bhd. The share-
Zuraida (centre, standing), Tong (seventh from left, standing) and guests at the FundMyHome+DepositKu launch in Kuala Lumpur.
Photo by Patrick Goh
package includes a refrigerator,
a washing machine, two ceiling
fans and a 40-inch television for
each home.
Homebuyers present at yes-
terday’s ceremony received
rice-cookers and table fans as
gifts from Panasonic Malaysia.
Under the FundMyHome, pro-
spective homebuyers pay 20% of
holders of both companies appeared
to be linked to Syed Mokhtar.
According to Utusan’s 2018 an-
nual report, as at April 2 this year,
Aspirasi Sigma had 3.5 million shares
or a 3.16% stake in Utusan, while Fasa
Mahsuri’s shareholding stood at two
million shares or 1.81%.
The Companies Commission of
Malaysia’s (SSM) records showed
Aspirasi Sigma is equally owned by
Zuraini Jamallul Azi and Arsad Mat
Jali, while Fasa Mahsuri is equally
owned by Mohd Fauzi Talib and Ar-
sad Mat Jali. Both companies shared
the same address.
The two companies’ common
shareholder, Arsad, appeared in
a news report in 2015 when Syed
Mokhtar’s DRB-Hicom Bhd had
plans to acquire a 51% stake in Me-
dia City Ventures Sdn Bhd from Ar-
sad’s 50%-owned Enigma Permata
Sdn Bhd.
Zuraini, via Aspirasi Sigma, was
once a substantial shareholder of
Johor-based water treatment com-
pany Aliran Ihsan Resources Bhd.
the total home price and become
legal owners of the property. The
remaining 80% is financed by in-
stitutions, benefiting from regular
yields and a share of the proper-
ty’s upside.
The DepositKu scheme is help-
ful whereby homeowners provide
a 20% advance of the total home
price under the FundMyHome,
Currently, MMC Corp Bhd, major-
ity owned by Syed Mokhtar, wholly
owns Aliran Ihsan.
Notably, the SSM records also
showed Aspirasi Sigma only held
a 0.32% stake in Utusan as at April
22 this year, meaning the company
had divested some 2.84% stake in
Utusan in 20 days.
Syed Mokhtar has been in the
spotlight since earlier this month
after continuously increasing his
shareholding in Media Prima Bhd.
On July 11, it was announced that
he emerged as Media Prima’s larg-
est shareholder with a 19.5% stake.
Syed Mokhtar is also believed to
wholly own TMR Media Sdn Bhd,
the publisher of The Malaysian Re-
serve, according to The Edge Malaysia
weekly. His other media assets in-
clude the concession for digital televi-
sion transmission (MYTV Broadcast-
ing Sdn Bhd), MPH Bookstores and
Percetakan Nasional Malaysia Bhd.
Utusan’s share price closed two
sen or 20% lower at eight sen yes-
terday, valuing it at RM8.86 million.
HOME BUSINESS 5
and the DepositKu scheme will
raise 10%, subject to a maximum
value of RM30,000.
“This means for a RM300,000
home, buyers need to only raise a
10% downpayment or RM30,000,
while the other 10% will be from
the DepositKu scheme and the
remaining 80% from investors of
the FundMyHome platform,” Tong
Gadang incurs first quarterly
net loss since 2011
BY C HE S T E R TAY
KUALA LUMPUR: Gadang Hold-
ings Bhd incurred a quarterly net
loss of RM3.39 million for the
fourth quarter ended May 31, 2019
(4QFY19), versus a net profit of
RM23.31 million a year ago, due
to recognition of variation orders
at its construction division, and
a significantly lower profit from
its Capital City project in Johor.
This is the first quarterly loss
for the group since 4QFY11’s net
loss of RM9.36 million. The group’s
loss per share for 4QFY19 was 0.51
sen, versus an earnings per share
of 3.54 sen for 4QFY18.
Nonetheless, Gadang’s filing
with Bursa Malaysia showed rev-
enue grew 7% to RM196.9 mil-
lion, from RM183.51 million for
4QFY18.
For FY19, its net profit dropped
55% to RM43.49 million, from
RM96.38 million for FY18, despite
revenue growing 18% to RM699.89
million from RM594.77 million.
Gadang said it is cautiously op-
timistic that major construction
initiatives such as the East Coast
said. Bumiputera buyers, entitled
to a 7% discount in property pric-
es, pay a smaller advance.
At the end of a five-year period,
DepositKu scheme beneficiaries
can repay the loan or convert it
into a subsidy. Under the Fund-
MyHome, they can sell the prop-
erty and share the proceeds with
co-investors or buy the proper-
ty by cash or a bank mortgage,
or rollover the property on the
FundMyHome platform for an-
other five years.
At the event, Tong told report-
ers that the FundMyHome is “ag-
nostic” when working with devel-
opers, and in future it would work
with more developers to secure
more homes for the scheme. So
far, 8,000 people have expressed
interest in buying homes via the
FundMyHome.
Zuraida said 16 homeowners
had bought homes at the Har-
moni Apartment in Eco Majestic,
a township in Semenyih developed
by Eco World Development Bhd.
She added that 300 people
have succeeded in owning homes
through FundMyHome, with 50
homebuyers having completed
the final stage of the required pa-
perwork.
The FundMyHome+Deposit-
Ku scheme is open to first-time
Malaysian homebuyers aged 21
to 60, with a household income
of under RM10,000 per month.
Rail Link project revival and the
development of Bandar Malaysia
infrastructure components will be
positive for the group.
The group said its construction
division’s existing outstanding
order book is at RM1.24 billion,
which is able to sustain its oper-
ations for two years.
“For FY20, the property divi-
sion, supported by total unbilled
sales of RM119.34 million, re-
mains optimistic about market-
ing opportunities ahead. We will
focus on strengthening branding
activities across all marketing plat-
forms to cater to wider customer
segments,” it said.
In the utility division, Gadang
said it will still make a steady re-
curring income. “The construction
of a nine-megawatt mini-hydro-
power plant in Lintau, Sumatera,
expected to be completed in the
coming financial year, will con-
tribute further recurring income
to the utility division,” it said.
Gadang’s share price closed
unchanged at 91 sen yesterday,
with a market capitalisation of
RM662.54 million.
6 HOME BUSINESS
Najib’s SRC trial
postponed as defence
counsel unwell
Aug 9 was agreed to as the replacement date
BY H AF I Z YATI M
KUALA LUMPUR: Proceedings for
Datuk Seri Najib Razak’s SRC Inter-
national Sdn Bhd trial in the High
Court here yesterday had to be post-
poned to today as defence co-coun-
sel Harvinderjit Singh was unwell.
Najib’s lawyer Wan Aizuddin Wan
Mohammed had asked for an adjourn-
ment and told the court that Harvin-
derjit, who had been cross-examining
former AmBank relationship manager
Joanna Yu Ging Ping, was sick.
“[Lead counsel] Tan Sri Muham-
mad Shafee Abdullah has another
case in a High Court here which has to
go on as Justice [Datuk] Su Geok Yiam
is retiring at the end of this month,”
he said.
“For this reason, we sought an
adjournment of today’s (yesterday)
proceedings.”
Muhammad Shafee has an on-
going National Feedlot Corp Sdn
Bhd case whereby its chairper-
son Datuk Mohd Salleh Ismail has
filed a suit against Public Bank Bhd
over purported leak of information.
This led Justice Mohd Nazlan Mohd
Ghazali to ask whether there were no
Najib arriving for his SRC
International court case in
Kuala Lumpur yesterday.
Photo by Suhaimi Yusuf
Another entity to contest 1MDB asset
forfeiture by MACC
BY A DA M A ZI Z
KUALA LUMPUR: Gerakan Belia Ga-
gasan 1Malaysia (GBG1M) is contest-
ing the civil forfeiture suit filed by the
Malaysian Anti-Corruption Commis-
sion (MACC) against the youth or-
ganisation amounting to RM170,000
allegedly received from 1Malaysia
Development Bhd (1MDB).
This was revealed by MACC dep-
uty public prosecutor Farah Yas-
min Salleh, who was present for case
management for GBG1M, Pertubu-
han Kebajikan Dakwah Islamiah
Malaysia (Pekida) as well as Yayasan
Penyelidikan Transformasi yesterday.
The three entities are part of 41
organisations and individuals from
whom the MACC, through a forfeiture
action, is seeking to recoup RM270 mil-
other lawyers who can conduct the
cross-examination of the witness, to
which Wan Aizuddin replied: “No, as
lawyer Farhad Read is also unwell.”
The judge also asked as to what
happened to Najib’s other lawyers,
namely former solicitor general II
Datuk Mohd Yusof Zainal Abiden,
Datuk Kamarul Hisham Kamaruddin
and S Devanandan, to which Wan
Aizuddin replied he does not know.
Senior lawyer and appointed
prosecutor Datuk V Sithambaram
told the court that while the pros-
ecution objects to the postpone-
ment, he had received a call from
Harvinderjit yesterday at 6.30am
to say that he was unwell.
“We can replace today’s (yester-
day) date [with] Aug 9. The prosecu-
tion did not call any new witnesses
lion allegedly taken from 1MDB funds.
GBG1M, from which the MACC is
seeking RM170,000, will be the second
entity after the Umno Pekan division
— the home ground of former prime
minister and member of Parliament
for Pekan Datuk Seri Najib Razak —
that is seeking to strike out the forfei-
ture action. “Gerakan [GBG1M] will
appoint a lawyer,” said Farah.
It was reported that GBG1M
was formed in 2011 to support the
1Malaysia initiative. A quick check
showed that the organisation was
active up until 2013.
Meanwhile, Pekida and Yayasan
Penyelidikan Transformasi have
maintained that they will not con-
test against the forfeiture action. The
MACC is seeking RM140,493.07 from
Pekida, and RM407,101.16 from
as we expected the cross-examina-
tion of Yu will take the whole day.
“There is no time to call new wit-
nesses even for this afternoon (yes-
terday) as we expected to call them
next week,” Sithambaram added.
Hence, he said the prosecution
leaves the matter to the court. With
this, Judge Mohd Nazlan allowed
for the adjournment and directed
that it would continue today.
He also asked the defence to
produce Harvinderjit’s medical
certificate today and directed the
prosecution to put the other wit-
nesses on standby should the de-
fence not be able to continue with
Yu’s cross-examination today.
“The trial will also be done on Fri-
day, Aug 9 for the whole day. The trial
will resume tomorrow (today),” he
said before leaving for his chambers.
This is the first time the SRC trial
had been postponed because some
members of the defence team had
fallen ill. Najib is facing multiple
counts of criminal breach of trust,
abuse of power and money laun-
dering involving RM42 million of
SRC funds. The trial was supposed
to enter its 43rd day yesterday.
Yayasan Penyelidikan Transformasi.
Earlier, Pekida secretary-general
Mohd Zain Ghazali told reporters
that the organisation had already
prepared a bank draft to satisfy the
amount claimed by the anti-graft
agency. The organisation, he said,
already filed a representation on
July 1 on the forfeiture, first an-
nounced by the MACC on June 21.
“We are not contesting. This mat-
ter should not be dragged further,”
said Mohd Zain. “If possible, we
don’t want to go through forfeiture,
but rather cash out and reopen our
[frozen] account,” he added.
Deputy registrar T Kavita Tangga
Rajoo has set Aug 21 for case man-
agement for GBG1M, given the lat-
est development, and to obtain the
outcome on Pekida’s representation.
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Synergy Promenade sues Felda,
FIC over KL Vertical City project
BY PAW A I C H IN
KUALA LUMPUR: The master de-
veloper of the Kuala Lumpur Verti-
cal City project is suing the Federal
Land Development Authority (Fel-
da) and its investment arm, Felda
Investment Corp Sdn Bhd (FIC),
over a dispute in the development
of the project.
Synergy Promenade Sdn Bhd
filed the suit in the High Court
here on July 9.
In the statement of claim
sighted by The Edge Financial
Daily, Synergy Promenade said
the company signed an agree-
ment with FIC on June 2, 2014 to
be appointed master developer
for a mixed development on 24
parcels of land, measuring 20.66
acres (8.36ha) in total, owned by
Felda and situated along Jalan
Semarak here.
Under the deal, FIC was re-
sponsible for getting Felda to pro-
vide the project land and appoint
the company as the sole master
developer with the sole and exclu-
sive rights to carry out the project,
and to develop the land in vari-
Rubber glove industry urged to
further tap into African market
KUALA LUMPUR: The Malaysian
rubber glove industry has been urged
to strengthen its efforts to further tap
into Africa’s vast market potential.
Primary Industries Minister Tere-
sa Kok said the awareness of the im-
portance of and demand for rubber
gloves have been increasing as they
were used as the first line of defence
by medical personnel against vari-
ous contagious diseases as shown in
the recent Ebola outbreak in Africa.
In 2018, Malaysia exported
US$100 million worth of rubber
gloves to 49 out of 55 countries in
Africa, she said in her speech dur-
ing the Malaysian Rubber Glove
Manufacturers Association (Mar-
gma) networking dinner with the
African Heads of Mission in Ma-
laysia on Tuesday.
DNeX gets extension for National
Single Window for trade facilitation
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Dagang NeX-
change Bhd’s (DNeX) wholly-owned
unit Dagang Net Technologies Sdn
Bhd has received a contract exten-
sion from the government for the
National Single Window (NSW) for
trade facilitation.
The two-year extension runs
from Sept 1, 2019 to Aug 31, 2021,
DNeX said in a statement yester-
day. Dagang Net has been the
operator of the NSW for trade fa-
cilitation since its launch in 2009.
The NSW for trade facilita-
tion includes six core eServices,
namely eDeclare, ePCO, ePermit,
ePermitSTA, eManifest and ePay-
ment, which provide the trading
community with connectivity to
the Customs Department and
relevant agencies for import and
ous phases within 10 years from
the date of the first development
order and the land conversion to
the commercial category.
FIC was required to deliver va-
cant possession of the land within
30 days of signing the agreement,
and also ensure that the vacant
possession is not revoked by Fel-
da prior to the completion of the
project, said Synergy Promenade.
However, the company claimed
that in or around January 2016, Fel-
da and FIC merely delivered vacant
possession of one parcel of the land
to the company.
“The company is seeking a decree
of specific performance against the
defendants requiring them to com-
ply with [the agreement], and also a
consequential order directing the de-
fendants to forthwith deliver vacant
possession of the aforesaid lands to
the company,” read the statement
of claim.
The case came up before High
Court deputy registrar Farah Shu-
hada Ramli yesterday, and she or-
dered Felda and FIC to file their
statement of defence or counter-
claim, if any, by Aug 12.
“Exports to this continent have
been growing and demand for gloves
has been increasing amid the rising
awareness of its importance.
Margma president Denis Low
Jau Foo told Bernama that rubber
glove exports to Africa are expected
to increase by 50% to about US$150
million (RM618 million) this year.
Out of the US$100 million
worth of rubber glove exports to
African countries last year, 72% or
US$72.2 million was in the form of
medical gloves, followed by other
natural rubber gloves and surgical
gloves, he said.
Low said global demand for rub-
ber gloves this year is expected to
increase by 12% to 300 billion gloves
with a projected export revenue of
US$4.95 billion. — Bernama
export document processing. DNeX
said such a trade environment can
help expedite the cargo clearance
process, reduce cost and time of
doing business, and contribute
positively to the country’s trade effi-
ciency and global competitiveness.
“We would like to express our
deepest appreciation to the gov-
ernment of Malaysia, namely the
ministry of finance and the Royal
Malaysian Customs Department,
for their continued confidence in
us,” said Datuk Samsul Husin, exec-
utive deputy chairman of DNeX and
executive chairman of Dagang Net.
“We remain committed to offer-
ing top-notch eServices in trade fa-
cilitation that not only meet require-
ments of customers but also offer
value that can help our customers
further improve their operations
and grow their business,” he said.
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
Malaysia Airlines union
questions Morgan Stanley’s
appointment as consultant
KUALA LUMPUR: Malaysia Airlines Bhd’s
union has raised questions about Morgan
Stanley’s appointment as a strategic con-
sultant to explore options for the national
carrier, including a potential stake sale.
The National Union of Flight Attend-
ants Malaysia (Nufam) asked whether the
investment bank knows about the ins and
outs of Malaysia Airlines employees. It is
also worried that Morgan Stanley would
recommend trimming more employees
while using “everything in the book” to
undermine them.
“Malaysia Airlines is now facing trust
deficit among the people. The government
must do what is necessary to save the new-
ly-restructured airline and change the way
it does things.
“Khazanah Nasional Bhd (Malaysia
Airlines’ sole shareholder) cannot simply
run to consultants each time for help [to
turn the airline around].
“What will they know and how much it
will cost taxpayers this time around? Why
not use our local expertise? Are we really
that short of local aviation experts?
“Each time we hear of plans to restruc-
ture Malaysia Airlines, they will call in the
entire circus,” the union secretariat said in
a statement yesterday.
Nufam said Khazanah’s previous de-
cision to lay off 6,000 workers and shelve
international routes were mistakes that
should not be repeated.
It pointed out Malaysia Airlines is not
overstaffed, but rather understaffed in its
daily operations, saying a task force should
Ceca deal with India safeguards Malaysian
palm oil industry’s interest — expert
BY NURUNNASIHAH AHMAD RASHID
KUALA LUMPUR: Malaysia should not be
too worried about news reports that In-
dia would probably raise the import duty
on refined palm oil, given both countries
have signed the Comprehensive Economic
Cooperation Agreement (Ceca).
Palm oil expert M R Chandran said the
request to increase the import duty was
made by the Indian edible oil refiners
through the Solvent Extractors’ Associa-
tion (SEA), and not from the government.
“I don’t think India will do this and I
doubt the current import duty on refined
palm oil, at 45%, will increase because we
have the agreement with India, and you
cannot go beyond the agreed quantum
without discussions. You can renegotiate,
but you can’t change without telling the
other party,” he told Bernama.
SEA, in a letter to India Prime Minister
Narendra Modi, has asked the govern-
ment to raise the duty on refined palm
oil imports from Malaysia to protect the
local industry following a surge in in-
bound shipments from Southeast Asian
countries.
Chandran, also an adviser to the Round-
table on Sustainable Palm Oil executive
board, said if SEA wants Malaysia’s import
duty on refined palm oil at the same level
as that of its Indonesian counterpart, the
association should appeal to reduce the
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HOME BUSINESS
be set up to help identify and resolve the
airline's financial losses.
“The best way now is to save Malaysia
Airlines, but not through hiring expensive
consultant companies. It does not take a
rocket scientist to know what is happening
in Malaysia Airlines today.
“A foreign company wouldn’t know the
real problems of the in-house staff senti-
ments. We are afraid they will suggest thou-
sands of employees to be laid off again just
like the last time,” it said.
The union said the government must
immediately stop Malaysia Airlines’ dai-
ly losses while “setting its management
straight and place it in the right direction”.
“Malaysia Airlines is losing RM3 million
by the day and that bleed won’t stop if the
government continues to be slow in [its]
decision-making,” it said.
Nufam proposed that Malaysia Airlines
be placed under a special purpose vehicle
under the Prime Minister's Office, and for
its top-heavy management’s salaries to be
reviewed, as well as bulk contracts be done
away with immediately.
“There is also [a lot of] wastage in Ma-
laysia Airlines where we were told some
orders made for aircraft and spare parts
were overcharged.
“If these things are true, then the gov-
ernment needs to act on [them] by forming
a task force to identify these issues quickly.
“Selling the airline is also another sto-
ry; [are] new buyers willing to take over
the chunk of issues and debts in Malaysia
Airlines?” — Bernama
duty on shipments from Indonesia, and
not by increasing the tariff on Malaysia.
In January 2019, as part of Ceca, India
reduced import duties on palm oil, such
as crude palm oil from Asean countries,
including Malaysia, to 40% from 44%,
and Malaysian refined palm oil to 45%
from 54%.
The duty on refined palm oil from In-
donesia was narrowed to 50% from 54%.
India is the world’s largest importer of
vegetable oils, with a monthly require-
ment of 1.9 million tonnes. Malaysia and
Indonesia are the country’s main palm
oil suppliers.
Palm oil trader David Ng said if the
Indian government continues to hike the
tax on palm oil imports, demand would
likely deteriorate in the short term, which
would add pressure on the country’s over-
all stock level.
“Current low prices are mainly attrib-
uted to weak demand and a high pro-
duction cycle.
“However, we expect demand to gradu-
ally pick up during the third quarter of this
year, following seasonal factors, which will
likely support prices at between RM1,900
and RM2,200 per tonne for the rest of the
year,” he said.
Ng said an affirmative policy such as the
biofuel mandate is one of the key initiatives
that a government can take to reduce the
country’s overall stock level. — Bernama
ST O C KS W I T H M O M E N T U M 7
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
MALAYSIA MARINE AND HEAVY ENGINEERING
HOLDINGS BHD (+ve)
TRADING of shares in Malaysia Marine and
Heavy Engineering Holdings Bhd (funda-
mental: 0.95/3, valuation: 0.9/3) triggered our
ing, procurement, construction, installation
and commissioning works for the Kasawari
Gas Development project.
momentum algorithm yesterday for the first
time this year. The stock closed 7.5 sen or 8.62%
higher at 94.5 sen, with 20.04 million shares
The project includes the construction of
47,000 tonnes of central processing platform
(CPP), 8,600 tonnes of wellhead platform
done, compared with the 200-day average
trading volume of 523,096 shares.
On Tuesday, the group said its whol-
(WHP) and a flare structure, together with
two bridges linking the CPP with the WHP
and the flare structure. The contract also in-
ly-owned unit Malaysia Marine and Heavy volves the transportation and installation of
Engineering Sdn Bhd had secured a contract an 85km pipeline linking the Kasawari CPP
from Petronas Carigali Sdn Bhd for engineer- with the existing E11R-A platform.
MALAYSIA MARINE AND HEAVY ENGINEERING Valuation score* 0.90
Fundamental score** 0.95
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.59
TTM Dividend yield (%) -
Market capitalisation (mil) 1,392.00
Shares outstanding (ex-treasury) mil 1,600.00
Beta 1.38
12-month price range 0.50-0.89
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
MNC WIRELESS BHD (+ve)
TRADING of shares in MNC Wireless Bhd retail platform in Malaysia.
(fundamental: 1.2/3, valuation: 0.9/3) trig- Urban is the licensee of the rights to the
gered our momentum algorithm yesterday physical gold retail platform of SGPMX (M)
for the third time this year. Sdn Bhd.
The stock closed half a sen or 7.69% low- MNC Wireless said the gold e-commerce
er at six sen, with 5.4 million shares done, retail platform, slated to be launched by end-
compared with the 200-day average trading 2019, allows consumers to buy physical gold
volume of 591,282 shares. via the mobile application with a minimum
On July 16, the company said it had inked fraction value of one sen.
a memorandum of understanding with Ur- It said the physical gold-backed mobile
ban Setup Sdn Bhd to provide a transparent, retail platform will enable gold bullion pur-
secured and convenient mobile physical gold chase to be accessible to the masses.
MNC WIRELESS BHD Valuation score* 0.90
Fundamental score** 1.20
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.83
TTM Dividend yield (%) -
Market capitalisation (mil) 31.09
Shares outstanding (ex-treasury) mil 478.38
Beta 0.25
12-month price range 0.04-0.08
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
GENTING MALAYSIA BHD (-ve)
TRADING of shares in Genting Malaysia said Genting Malaysia is set to open its
Bhd (fundamental: 1.55/3, valuation: 1.2/3) outdoor theme park much earlier than
triggered our momentum algorithm yes- had expected.
terday for the first time this year. According to the brokerage, the attrac-
The stock closed 25 sen or 7.25% higher tion could be opened in the first or second
at RM3.70, with 57.67 million shares done, quarter (2Q) next year instead of 1Q 2021,
compared with the 200-day average trad- given Genting Malaysia has embarked
ing volume of 15.46 million shares. on an aggressive hiring programme for
In a note yesterday, Maybank Kim Eng the park.
GENTING MALAYSIA BHD Valuation score* 1.20
Fundamental score** 1.55
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 1.09
TTM Dividend yield (%) 5.51
Market capitalisation (mil) 19,505.09
Shares outstanding (ex-treasury) mil 5,653.65
Beta 1.60
12-month price range 2.68-5.03
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

WeWork targeting
IPO as early as
September — source Filepic of residential houses of a village located in Hong Kong’s Yuen Long district, near
the station where on Sunday suspected gang members clad in white shirts stormed a
train and, according to eye witnesses, appeared to be targeting and assaulting black-
Company also said to raise up to US$6 billion via bond offering shirted passengers that had been at an anti-government march. Photo by Bloomberg

Realtors see HK home

BY JO S HUA FRA N KL I N
& H E R B ERT L A SH
NEW YORK: Shared office space
manager WeWork is looking to
go public as soon as September,
earlier than previously expected,
a person familiar with the matter
told Reuters on Tuesday.
The company is expected to
make its initial public offering
(IPO) paperwork public in Au-
gust, the person said.
The developments were first
reported earlier by The Wall Street
Journal.
WeWork declined to comment.
WeWork would host an analyst
day for Wall Street banks on July
31 as part of preparations for its
IPO, Reuters reported last week.
NAB last of ‘Big Four’ to ease housing loan rules
BY N I K H I L SU B B A
BENGALURU: National Australia
Bank Ltd (NAB) said yesterday it
will ease home lending rules from
Aug 5, lowering the interest rate it
uses to stress-test customers’ loan
applications to a minimum 5.5%,
in line with its larger peers.
Australia’s fourth-largest lender
is the last of the “Big Four” domi-
nating the country’s banking sys-
tem to implement the loosening
of mortgage lending rules, intro-
duced by the prudential regulator
WeWork is also looking to
raise US$5 billion (RM20.6 bil-
lion) to US$6 billion through a
bond offering before the IPO,
the source added, requesting
anonymity because the matter
is private. This is more than it
had previously been looking
to raise.
The debt offering could pro-
vide comfort to those investing
in the IPO who might be con-
cerned that the cash burn at
WeWork is so great it will need
to raise more money after the
IPO, which would dilute their
shareholdings.
“That’s a very known psychol-
ogy by underwriters and IPO
investors, and [that fear], that’s
something people try to guard
earlier this month to help stabilise
declining home prices.
NAB also set a new buffer rate
of 2.5% and the revised rates are
applicable to fresh home loan
applicants, it said.
The Australian Prudential Reg-
ulation Authority (Apra) earlier
this month allowed banks greater
flexibility to set their own mini-
mum testing rates after scrapping
a minimum 7% interest testing
rate for loan applications.
This was in addition to the
central bank reducing bench-
against,” said Adam Troso, head
of real estate corporate advisory
at Greenhill & Co in New York.
WeWork was recently val-
ued at US$47 billion in a pri-
vate fundraising round, mak-
ing it one of the most valuable
private companies in the world.
However, the money-losing
company has faced questions
about the sustainability of its
business model, which is based
on short-term revenue agree-
ments and long-term loan li-
abilities.
The losses at WeWork’s par-
ent company narrowed slight-
ly in the first quarter of 2019
to US$264 million as revenue
continues to double annually.
— Reuters
mark interest rates to an all-time
low of 1% and the government’s
tax cut worth A$158 billion
(RM453.9 billion), which were
all aimed at boosting a sluggish
economy.
“We believe now is the right
time to change the approach to
how the affordability rate floor is
determined, given the continuing
low-interest-rate environment,”
said Mike Baird, chief custom-
er officer — consumer banking,
adding that the bank welcomes
Apra’s new guidelines. — Reuters
prices weakening after
protests but only briefly
BY C LAR E J IM
HONG KONG: Mass demon-
strations in Hong Kong in recent
months will only have a short-term
impact on its housing market, with
pent-up demand and a shortage of
land expected to support prices,
realtors said yesterday.
Real estate consultancy Colliers
International forecast housing pric-
es in one of the world’s most ex-
pensive property markets will fall
4% in the second half, but still rise
6% for the full year.
Hong Kong has been rocked by a
series of sometimes violent protests
for over two months against an ex-
tradition bill — its most serious cri-
sis since the city was handed back
to China by Britain in 1997 but with
democratic freedoms under a “one
country, two systems” formula.
Tourism numbers are falling in
the wake of the demonstrations,
with retailers and hoteliers warn-
ing of slowing sales.
“The social incident has an im-
pact on the market sentiment, but
not yet much on prices,” said Daniel
Shih, senior director of valuation
and advisory services of Colliers
International Hong Kong.
“Buyers are just being more pru-
dent and adopting a ‘wait-and-see’
approach.”
He told a news conference that
the fundamentals of Hong Kong’s
economy and property market have
not changed much, adding that ex-
pectations of lower interest rates
will also support housing prices
in the second half.
Separately, realtor Midland’s
Hong Kong residential chief exec-
utive officer Sammy Po said home
transactions and prices in districts
where violent clashes broke out
were affected. But he added that
overall sales volumes, especially
for small- to medium-sized prop-
erties, were still solid.
“From past experiences, politi-
cal events have little impact on the
property market,” Po said.
He forecast housing prices will
rise another 3% to 5% in the second
half, resulting in a gain of 12% for
the full year.
But he expected property devel-
opers to slow their new launches in
the second half, leading to a drop
in overall transactions compared
with the first half. — Reuters
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
Joint action on river pollution
Johor agencies will discuss measures to overcome the problem on Sunday
JOHOR BARU: Integrated efforts
among the relevant agencies to over-
come river pollution in the state will
be discussed by the Johor Permanent
Committee on Environment meet-
ing scheduled for Sunday.
Johor Department of Environ-
ment (DoE) director Wan Abdul Lat-
iff Wan Jaafar said the department
took a serious view of river pollution
and hoped the meeting could discuss
measures and subsequent action to
overcome the problem.
“What is important is integrated
action by the various relevant agen-
cies to overcome river pollution,”
he told Bernama when contacted
yesterday.
The DoE and various other
agencies will take part in the meet-
ing to be chaired by the chairman
of the Committee on Local Gov-
ernment, Urban Wellbeing and
Adib inquest
comes
to a close
SHAH ALAM: The inquest to de-
termine the cause of death of fire-
fighter Muhammad Adib Mohd
Kassim came to a close yesterday
after 41 days of hearing that be-
gan on Feb 11.
However, no date has been set
for the decision.
The court heard the testimo-
nies of 30 witnesses and received
137 exhibits.
Before announcing her de-
cision to conclude the hearing,
Coroner Rofiah Mohamad said
the interested parties can provide
their written submissions to the
court by Aug 21.
It is learned that only Mu-
hammad Adib’s family intends
to make a written submission.
Muhammad Adib, 24, of the
Subang Jaya Fire and Rescue Sta-
tion, was severely injured when
he arrived in the vicinity of the
Seafield Sri Maha Mariamman
Temple in USJ 25, Subang Jaya,
early on Nov 27 to put out a car
fire during riots that erupted pur-
portedly over the relocation of
the house of worship.
He died on Dec 17 at the Na-
tional Heart Institute.
Some people claimed that he
was injured when a fire truck
reversed into him while others
alleged that he was assaulted by
several rioters.
Coroner Rofiah said that she
was satisfied with the testimonies
and that the court would not call
any more witnesses.
In another development, the
court fixed Aug 9 to hear pre-
liminary issues over the filing of
an ex parte application by Mu-
hammad Adib’s father to initiate
committal proceedings against
Attorney-General Tommy Thom-
as for contempt in the inquest.
— Bernama
Environment, Tan Chen Choon.
A special meeting to discuss
dumping sites for garbage, including
illegal dumps, would be held today,
said Wan Abdul Latiff when asked to
comment on the level of pollution
in 16 rivers around the districts of
Johor Baru and Pasir Gudang.
On efforts to prosecute three
chemical-based factories in Pasir
Gudang, he said the DoE was now
preparing an investigation paper
which was expected to be ready with-
in two weeks. The report would be
presented to the deputy public pros-
ecutor for further action.
The factories are expected to be
prosecuted under the Environmental
Quality Act 1974, he said. The three
factories concerned were reported
to be the likely source of the poison-
ous gas, methyl mercaptan, in Pasir
Gudang since June 20. — Bernama
Court again tells Yeo and
Jamal Yunos to settle suit
BY PAW AI CHIN
KUALA LUMPUR: The High Court
here made another bid yesterday for
Energy, Green Technology, Science,
Climate Change and Environment
Minister Yeo Bee Yin to settle her def-
amation suit against Umno division
leader Datuk Seri Jamal Md Yunos.
Jamal’s counsel Mohammed Nas-
ser Yusof said this after case manage-
ment in the chambers of High Court
Judge Justice Datuk Nik Hasmat Nik
Mohamad.
It was previously reported that
both Yeo and Jamal agreed to settle via
mediation their legal dispute about a
statement on Yayasan Warisan Anak
Selangor (Yawas) funds.
However, all efforts ended in
failure.
New trial dates for defamation suit filed
by Teresa Kok against Jamal Yunos
BY PAW AI CHIN
KUALA LUMPUR: The High Court
here has fixed new trial dates in
February and March next year to
hear the defamation suit by Prima-
ry Industries Minister Teresa Kok
against Umno division leader Datuk
Seri Jamal Md Yunos over alleged
misuse of Yayasan Warisan Anak
Selangor (Yawas) funds.
The case was called for case man-
agement yesterday. Lawyer Moham-
med Nasser Yusof who appeared on
behalf of Jamal told reporters that
High Court Judge Justice Datuk Ah-
mad Bache has fixed Feb 25 to Feb
27, and March 17 to March 19, 2020
as the new trial dates.
Nasser said his client had filed
an application to strike out the suit,
Johor is making an integrated effort to get related agencies to work together to protect
its rivers and water sources. Photo by Bernama
Mohammed Nasser said he had
applied for a stay of the hearing of
the suit as his client wanted to know
the outcome of the report he lodged
with the Malaysian Anti-Corruption
Commission (MACC) regarding his
allegations on Yawas funds.
He indicated that the outcome
of the MACC probe, which might
be favourable to Jamal, will affect
the suit as it would mean that there
were no defamatory words uttered
by Jamal to Yeo.
He said the High Court then set
Aug 9 for further case management,
and for an update on the status of the
MACC’s investigation.
The trial date, Aug 15, which had
earlier been fixed by the High Court
has also been vacated, he added.
Yeo, 36, who was the Damansara
pending the Malaysian Anti-Corrup-
tion Commission’s (MACC) investi-
gation results on Kok.
There was no reply from the
MACC regarding the allegations
that Kok and other DAP leaders had
misappropriated Yawas funds after
two letters were sent to the anti-graft
agency, he added.
Mohammed Nasser said that
the investigation results will be-
come a vital piece of supporting
evidence for his client’s striking out
application, which prompted the
defence to apply for a stay of the
trial pending the results.
He added that if the decision for
the striking out application is not
in their favour, the court will then
proceed with the trial as scheduled.
The case is now fixed for further
Utama assemblyman and is now
Bakri member of parliament, filed
a defamation suit against Jamal, an
Umno division leader, on June 14,
2017, where she sought damages for
a purportedly defamatory statement
on the alleged abuse of Yawas funds,
which was published in several news-
papers, news portals and in Jamal’s
Facebook account.
The minister claimed that Jamal’s
statement, among others, had given
the impression that she had abused
public funds for her personal use and
the statement painted her to be an
unethical and unreliable politician.
She is seeking RM5 million gen-
eral damages, along with aggravated,
exemplary damages and an injunc-
tion against Jamal preventing him
from repeating the allegations.
case management on Aug 9, he said.
According to previous reports, the
hearing of the suit was scheduled to
commence on April 29. However, Ja-
mal made an application to stay the
trial at the eleventh hour, asking the
court to decide on his striking out
application first before the trial starts.
Kok filed the suit on April 6, 2017
against Jamal, who is the Sungai Be-
sar Umno division chief, over his al-
legedly defamatory statement per-
taining to Yawas funds during a news
conference on March 8, 2017.
Kok, who is also the Seputeh
member of parliament, claimed that
the allegedly defamatory statement
gave the impression that she had
misused state government funds
for her own use and was an unethi-
cal person.
HOME 9
IN BRIEF
Five JPJ, one ex-SPAD
officers charged with graft
BUTTERWORTH: Five Road
Transport Department (JPJ) en-
forcement officers and a former
Land Public Transport Com-
mission (SPAD) employee were
charged in the Sessions Court
here yesterday with 63 counts
of receiving bribes, totalling
RM73,600, in connection with
a lorry driver protection racket
in Penang. They also faced 63
alternative charges, where in
their capacity as public serv-
ants, they obtained valuable
items without payment from a
person whom they knew had
connection with their official
functions. The five JPJ personnel
were low-ranking officers while
the former SPAD officer was a
chief enforcement assistant. All
of them pleaded not guilty to all
the charges. — Bernama
‘Love our Malaysia: A
clean Malaysia’ theme
KUALA LUMPUR: The theme
for the 2019 National Day and
Malaysia Day is “Sayangi Ma-
laysiaku: Malaysia Bersih” (Love
our Malaysia: A Clean Malay-
sia) to stress the importance
of unity and patriotism for the
well-being of the people and
shared prosperity. Communica-
tions and Multimedia Minister
Gobind Singh Deo, who is also
the chairman of the 2019 Na-
tional Month Celebrations Main
Committee, said it was hoped
that the theme would instil the
value of integrity and strength
of character among Malaysians.
Gobind also announced that the
National Day Parade on Aug 31
will be held in Putrajaya while
that for Malaysia Day will be
held in Kuching on Sept 16.
— Bernama
Beware of scams
using taxman’s name
CYBERJAYA: The Inland Rev-
enue Board (IRB) has detect-
ed several syndicates using the
name of the agency to threaten
and cheat people via phone calls
and WhatsApp. IRB said in a
statement yesterday that the
syndicates used falsified offi-
cial receipts of income tax pay-
ments sent via the WhatsApp
application. “The syndicates
sent intimidating messages to
people, ordering them to trans-
fer money to an account that
does not belong to the IRB and
threatened they would be sub-
ject to legal action if they do not
comply with the instructions
given,” said the IRB. — Bernama
Calls to Befrienders
helpline free from Aug 1
PUTRAJAYA: Calls to the Be-
frienders helpline are free of
charge from Aug 1. This follows
the Malaysian Communica-
tions and Multimedia Com-
mission initiative to join forces
with eight telecommunications
operators to waive charges of
calls made to Befrienders. Be-
frienders is a non-profit organ-
isation that provides emotional
support 24 hours a day, seven
days a week, to the distressed
and the suicidal. — Bernama
10 B R O K E R S’ C A L L T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

IGB REIT 1H realised net

income within expectations
IGB Real Estate Investment Trust allowed RNI to increase by 5.5%. likely by FY21 to FY22. IGB Real Estate Investment Trust
(July 24, RM1.97) Quarter-on-quarter, its top line We maintain our FY19-FY20
Maintain market perform with an was down by 4.4%. Being a non-fes- core net profit estimates of RM312 FYE DEC (RM MIL) 2018A 2019E 2020E
unchanged target price of RM1.80: tive period, the second quarter is million-RM317 million, driven by Turnover 542.7 556.6 565.8
IGB Real Estate Investment Trust’s generally a weaker quarter. low- to mid-single-digit reversions Ebit 349.2 357.3 362.2
(REIT) first half of financial year This, coupled with a marginally of both assets on 98% occupancy.
PBT 303.9 312.2 317.2
2019 ended June 30 (1HFY19) real- lower NPI margin (-0.3 percentage Our FY19-FY20 GDPU estimates
ised net income (RNI) of RM160.8 point) and slightly higher financ- of 9.61 sen-9.71 sen (net dividend Net profit (NP) 303.9 312.2 317.2
million came in well within our and ing cost (+1.1%), resulted in its RNI per unit of 8.65 sen-8.74 sen) sug- Core NP (RNI) 303.9 312.2 317.2
consensus expectations at 52% and declining by 6%. gest a gross yield of 4.9%-5% (net Consensus (NP) NA 317.0 328.6
51% respectively. We expect minimal capital ex- yield of 4.4%-4.5%). Core EPS (sen) 8.6 8.8 8.9
A gross dividend per unit penditure of RM25 million-RM10 We are comfortable with our Core EPS growth (%) 5.5 2.2 1.1
(GDPU) of 4.66 sen was declared million for FY19-FY20 for minor “market perform” call as we believe NDPS (sen) 8.7 8.7 8.7
for 1HFY19, which included a 0.04 refurbishment and upkeep of two we have priced in most positives
BVPS (RM) 1.06 1.05 1.05
sen non-taxable portion, also with- malls. FY19 will see 23% and 44% for now (close to full occupancy on
in our FY19 target of 9.61 sen at of Mid Valley Megamall and The positive reversions), while down- Core PER 22.7 22.2 22.0
49%, implying a gross yield of 4.9%. Gardens Mall’s net lettable area side risks are limited. Gearing (x) 0.23 0.23 0.23
Year to date, its top line has in- up for expiry respectively. Its current gross yield of 5.4% Net dividend yield (%) 4.5 4.4 4.5
creased by 4.3% year-on-year on higher We do not expect the acquisi- is on a par with retail Malaysian Source: Kenanga Research
rental income mostly from positive re- tion of the Southkey mall in Johor REIT-comparable peers under
versions backed by stable occupancy. in the near term and reckon that it our coverage of 5.3% (note that 7% given its less-than-perfect asset yield compression or expansion
Its net property income (NPI) would take at least one reversion the peers’ average excludes Capi- profile on negative reversions and and stronger- or weaker-than-ex-
margin was marginally unchanged cycle for the asset to stabilise be- taLand Malaysia Mall Trust, which lower occupancy versus peers). pected rental reversions. — Kenan-
at 73% but flattish financing cost fore being acquired by IGB REIT, commands a higher gross yield of Risks to our call include bond ga Research, July 24

Outdoor theme park seen driving Bright prospects seen for Tan Chong
Motor on Nissan sales, among others
Genting Malaysia’s earnings growth Tan Chong Motor Holdings Bhd pose of bringing in the Leaf is
(July 24, RM1.46) to introduce the flagship vehi-
Genting Malaysia Bhd Genting Malaysia Bhd Maintain buy with an un- cle, and it is targeted at a niche
(July 24, RM3.70) changed fair value of RM2.18: market.
Upgrade to buy with a higher tar- FYE DEC (RM MIL) 2017A 2018A 2019E 2020E 2021E We attended the official launch Nissan Japan aims to continue
get price (TP) of RM3.80: We gather Revenue 9,330 9,928 10,192 10,532 11,769 of the all-new Nissan Leaf on spearheading the EV market as it
that Resorts World Genting (RWG) Ebitda 2,321 2,849 2,572 2,706 3,028 Tuesday. The model is one of believes this will be the trend go-
could be opening its outdoor theme the top-selling electric vehicles ing forward — fully autonomous
Core net profit 1,414 2,022 1,253 1,348 1,487
park (OTP) a lot earlier than we (EVs) in the world. It comes in and electric.
expected. Core FDEPS (sen) 24.9 35.7 22.1 23.7 26.2 a single variant and is priced at On a separate note, we are ex-
Our earnings estimates are un- Core FDEPS growth (%) (8.8) 43.6 (38.3) 7.6 10.3 RM189,000. cited about the introduction of
changed but we have removed the Net DPS (sen) 17.0 19.0 11.0 11.9 13.1 The management strongly re- three upcoming new models in
10% discount we ascribed previ- Core FD PER (x) 22.6 8.4 15.6 14.5 13.2 iterated that the Leaf will not be a the financial year ending Dec 31,
ously to our sum-of-parts-based P/BV (x) 1.7 0.9 1.0 1.0 1.0 volume-based model, and there 2020, namely the all-new N18
valuation on added certainty that Net dividend yield (%) 3.0 6.3 3.2 3.4 3.8 was no guidance on a sales tar- Nissan Almera, followed by the
the OTP will finally open. get and booking numbers for the Nissan Kicks B-segment cross-
ROAE (%) 5.9 (0.1) 6.8 7.0 7.5
Our revised TP is RM3.80 (RM3.40 said vehicle. over and the fourth-generation
previously). We are optimistic that ROAA (%) 4.9 6.6 3.9 4.3 4.8 The updated Leaf is a com- Nissan Sylphy.
the OTP will drive Genting Malaysia EV/Ebitda (x) 12.2 5.5 7.1 6.6 5.4 pletely built-up model from Japan We believe TCM will continue
Bhd’s next phase of earnings growth Net gearing (%) (incl perps) 4.7 9.2 11.0 7.7 net cash that is able to travel for an im- to do well going forward based on
regardless of whether it opens in Consensus net profit - - 1,224 1,356 1,464 proved distance of about 310km strong Nissan sales, prospects of
the first quarter of 2021 (1Q21) as MKE vs consensus (%) - - 2.4 (0.6) 1.5 versus about 160km for the pre- new models to further fortify its
we expect or earlier. Source: Maybank IB Research
vious model. margins and the rebuilding of the
Over the last two weeks, RWG There are 17 charging hubs Nissan brand.
has taken out full-page job adver- nationwide, and these are free Risk factors include a continu-
tisements for its theme park division of charge for Leaf users for easy ing spike in inventory levels, severe
in local newspapers. While we un- and convenient charging. weakening of the ringgit and wors-
derstand that this division oversees Tan Chong Motor Holdings ening of its Indo-China operations.
both the Skytropolis Indoor Theme RWG could Bhd (TCM) guided that the pur- — AmInvestment Bank, July 24
Park and the OTP, Skytropolis has be opening
been open since December 2018. its outdoor
This suggests to us that the OTP, theme Tan Chong Motor Holdings Bhd
currently the subject of a US$1 bil- park a lot
lion (RM4.12 billion) lawsuit be- earlier than FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F
tween Genting Malaysia and Fox expected. Revenue 4,341.2 4,858.2 4,308.9 4,438.2 4,571.3
Entertainment Group/The Walt Dis- Core net profit (73.8) 191.4 102.9 118.8 136.8
ney Co (Disney), could be ready FD core EPS (sen) (11.3) 29.3 15.8 18.2 21.0
to open soon. We understand that FD core EPS growth (%) 46.6 (359.3) (46.2) 15.4 15.2
construction of the OTP is about
Consensus net profit - - 100.7 111.6 118.7
95% completed (as at July 2019).
Before Genting Malaysia fell out months between hiring and open- Fox/Disney, partner other studios, DPS (sen) 2.0 4.0 4.7 5.5 6.3
with Fox/Disney in November 2018, ing of the theme park. share royalties with them or operate PER (x) (12.7) 4.9 9.1 7.9 6.9
it also took out job advertisements for Applying the same lead time the OTP on its own. EV/Ebitda (x) 25.0 6.0 7.6 6.5 5.8
20th Century Fox World in May 2018. suggests to us that the OTP could Thus, we think it is best to leave Dividend yield (%) 1.3 2.5 3.0 3.4 3.9
Back then, Genting Malay- be opened in 1Q20 to 2Q20, much our earnings estimates unchanged ROE (%) (3.1) 3.8 3.6 4.0 4.5
sia guided that 20th Century Fox earlier than our forecast of 1Q21. for now, which assume that the OTP Net gearing (%) 52.2 35.3 46.5 40.7 36.3
World would open in 4Q18 to 1Q19. At this point, we are unsure if will open in 1Q21. — Maybank IB
Sources: Company, AmInvestment Bank estimates
It implied a lead time of six to nine Genting Malaysia will reconcile with Research, July 24
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 11

Increased land bank

Better profit seen for CMMT’s Sungei
Wang on higher rental, store openings
CapitaLand Malaysia Mall Trust about 57,000 sq ft or 7.8% of Net

likely to boost Mah

(July 24, RM1.06)
Maintain hold with an unchanged
target price (TP) of RM1.15: Share
prices of the sector have been sup-
ported by declining Malaysian
Lettable Area, as the previous an-
chor tenant Giant has moved out
of the mall.
Potential catalysts include a
stronger-than-expected rental re-

Sing’s near-term sales

Government Securities yields. For version and improved occupancies
CapitaLand Malaysia Mall Trust would lift CMMT’s earnings. Sungei
(CMMT), every 10-basis-point re- Wang Plaza’s occupancy is currently
duction in risk-free rates increases below 80%, while rental rates have
our TP by two sen. a potential upside due to the com-
The dividend yield for CMMT pletion of asset enhancement ini-
is also high relative to the sector. tiatives. Progressive store openings
However, we believe CMMT would should lead to stronger earnings
Mah Sing Group Bhd Mah Sing Group Bhd likely lag its peers until we see an from Sungei Wang Plaza next year.
(July 24, 92.5 sen) improved contribution from The Our TP of RM1.15 is derived from
Maintain add with an unchanged FYE DEC (RM MIL) 2019F 2020F 2021F Mines and Sungei Wang Plaza. We the dividend discount model fac-
target price (TP) of RM1.20: Mah Net profit 200.0 222.0 191.2 expect occupancy at The Mines to toring in a 7.9% cost of equity and
Sing Group Bhd announced yes- trend lower following Giant Hyper- a 0.8% terminal growth. The soft
Core EPS (RM) 0.082 0.091 0.079
terday it is acquiring an about market’s exit from the mall, while market outlook for retail spending
5.47-acre leasehold vacant land Core EPS growth (%) 5.3 11.0 (13.9) Sungei Wang Plaza could see higher may impact CMMT as it is largely
in Tempat Taman Metropolitan in FD core PER (x) 10.98 9.90 11.49 marketing costs ahead of Jumpa’s retail-focused. Tenants’ capacity
Kepong, Kuala Lumpur for RM94.8 Recurring ROE (%) 5.62 5.97 4.94 opening in September 2019. to absorb rental increases may be
million from JL99 Holdings Sdn P/BV (x) 0.60 0.57 0.56 We are cautious on The Mines as affected by their lower sales — this
Bhd. The land cost is inclusive of DPS (RM) 0.040 0.050 0.040 we expect weakness in its occupan- would negatively impact CMMT. It
a development charge and land Dividend yield (%) 4.42 5.52 4.42 cy rates and rental reversion trends. also derives 3% to 4% of its top line
premium, and the parcel comes We believe there will be downtime from turnover rent. — AllianceDBS
Sources: CGSCIMB Research, company reports
with an approved development for the mall’s supermarket area of Research, July 24
order for serviced apartments.
Excluding these costs, the actu- from the upcoming Metro Prima which in our view could rerate
al land cost is about RM61 million mass rapid transit 2 station, and its share price. We view Mah Sing CapitaLand Malaysia Mall Trust
or RM257 per sq ft. Given its net 4km from the Taman Wahyu KTM would likely continue scouting
cash of RM707 million as at end- station. for more strategic land banks in FYE DEC (RM MIL) 2018A 2019F 2020F 2021F
March of financial year ending Mah Sing estimates the tract’s the Klang Valley, as there could Gross revenue 350 359 370 382
Dec 31, 2019 (FY19), Mah Sing gross development value (GDV) be good bargains in the market Net property inc 215 217 224 233
could comfortably finance the is about RM705 million. The given the muted property market. Total return 135 133 139 146
land acquisition with its cash bal- land deal is fair in our view, giv- Our TP of RM1.20, based on a Distribution inc 160 142 149 156
ance. This is the group’s second en the land cost to GDV ratio is 35% discount to realised net asset EPU (sen) 6.63 6.49 6.76 7.08
land acquisition in 2019, after buy- about 13%, below the normal value, remains intact. Our earn-
EPU growth (%) (17) (2) 4 5
ing 4.3 acres of land in Sri Petaling 20% threshold. Mah Sing aims ings forecasts are also intact, as
in March 2019 for RM90.3 million. to launch the Kepong project M the group is still maintaining its DPU (sen) 7.89 7.00 7.28 7.61
The land, 14km from Kuala Luna by the fourth quarter of 2019, FY19 new property sales target DPU growth (%) (4) (11) 4 5
Lumpur City Centre, has a wide consisting of two blocks of ser- at RM1.5 billion and its expected NAV per share (sen) 130 130 129 129
catchment from established viced apartments with an indic- project launches in FY19 at RM2 PER (x) 16.0 16.3 15.7 15.0
neighbourhoods of Kepong, ative built-up from 700 sq ft and billion GDV. Key risks to our “add” Distribution yield (%) 7.4 6.6 6.9 7.2
Taman Selayang Jaya and Batu a starting price of RM385,000. call are a sudden deterioration in P/NAV (x) 0.8 0.8 0.8 0.8
Caves. The land is also within We are positive on this deal giv- property market sentiments and
Aggregate leverage (%) 33.0 33.7 33.8 34.0
walking distance from the Ke- en the plot’s good location and an weaker-than-expected proper-
pong Metropolitan Park, and near increased land bank could boost ty sales. — CGSCIMB Research, ROAE (%) 5.1 5.0 5.2 5.5
public transportation — it is 3.3km the company’s near-term sales, July 23 Sources: Company, AllianceDBS Research, Bloomberg Finance LP

YSP seen to develop more product varieties to drive growth

YSP Southeast Asia Holding Bhd YSP Southeast Asia Holding Bhd
(July 24, RM2.45)
Maintain buy with an unchanged FYE DEC (RM MIL) 2017A 2018A 2019E 2020E 2021E
target price of RM3: We still recom- Revenue 261.6 288.8 312.1 340.8 372.7
mend YSP Southeast Asia Holding Ebitda 40.3 53.7 47.6 53.1 57.4
Bhd for its defensive business, unde-
Pre-tax profit 29.7 42.3 34.4 39.5 43.4
manding valuations and reasonable
dividend yields. While its regional Net profit 20.4 30.4 26.0 29.8 32.8
operations may be a near-term drag, EPS (sen) 15.0 21.9 18.7 21.4 23.6
we expect the impact to be quite lim- PER (x) 16.4 11.2 13.1 11.5 10.4
ited as we believe this will be offset Core net profit 26.4 32.4 26.0 29.8 32.8
by stable growth from its Malaysian Core EPS (sen) 19.4 23.4 18.7 21.4 23.6
operations, where the capacity will Core EPS growth (%) 21.1 20.7 (20.2) 14.6 9.9
increase up to 30%.
Core PER (x) 12.7 10.5 13.1 11.5 10.4
YSP has invested in new equip-
ment offering better automation and Net DPS (sen) 7.0 7.0 7.5 8.6 9.4
high-end technology to enhance Dividend yield (%) 2.8 2.8 3.0 3.5 3.8
productivity and efficiency, reduce EV/Ebitda (x) 9.9 7.1 8.1 7.4 6.9
lead times, and replace obsolete ROE (%) 7.2 10.0 7.9 8.6 9.0
equipment with a targeted full ramp- ROA (%) 5.7 7.8 6.2 6.7 7.1
up by the second half of 2019. The Debt-to-equity ratio (x) 0.1 0.1 0.1 0.1 0.1
new equipment is expected to boost
BPS (sen) 2.1 2.3 2.4 2.5 2.6
the group’s production capacity by with more products in the pipeline. We take note of the group’s op-
20% to 30%. Coupled with its new PBR (x) 1.2 1.1 1.0 1.0 0.9 Its Indonesian operations are erations remained resilient during
research and development (R&D) Affin/Consensus (x) 0.9 0.9 0.9 expected to start commercial pro- the 2008 global financial crisis, with
centre opened in August last year, Sources: Company, Bloomberg, Affin Hwang Capital forecasts duction for a product by end-2019 revenue and core net profit growing
the group will be able to develop and and to receive an approval for 20 18% and 14% y-o-y respectively dur-
introduce more product varieties to products by end-2020. Its Indone- ing the year. Downside risks include
drive growth going forward. sian to Vietnam plants, and is cur- and expect this operation to remain sian operations are expected to be the implementation of drug price
YSP has recently completed the rently striving a target break-even in a loss given the plant’s underuti- in a gestation phase for five years, controls, product recalls and reg-
transfer of production for its last two for this operation in 2020. While we lisation, we think the loss should hence any contribution would likely ulatory risks. — Affin Hwang Cap-
veterinary products from its Malay- prefer to err on the conservative side narrow year-on-year (y-o-y) in 2020 be minimal in the near term. ital, July 24
12 C O M M E N T
Boris Johnson needs to get serious
On day one, the new prime minister faces a series of simmering crises
BY T H E ED I TORS
A
nd that is that. With
92,153 votes from
Conservative Par-
ty members, Bo-
ris Johnson — the
mononymous for-
mer mayor, foreign secretary and
Brexit impresario — has become
the new Tory leader and hence
the UK’s prime minister.
It will no doubt be an eventful
ride. As Johnson takes office, his
party is fracturing and his majority
is shrinking. A crisis is simmering
in the Strait of Hormuz, where
Iran has seized a British tank-
er. Public services are flagging;
the economy is stalling, and the
pound is sliding. In just 99 days,
the country is set to depart the
European Union (EU) — poten-
tially precipitating its biggest crisis
since the war.
Is Johnson the man for these
challenges?
His public record gives rea-
son for pause. As mayor of Lon-
don, he revealed an aptitude for
showmanship but not one for pru-
dence. His stint as foreign secre-
tary was punctuated by reckless
speech and mortifying gaffes.
Even his allies in government
concede that he is often heed-
less, unreliable, detail-averse, and
unmindful of the truth — hardly a
Singapore retail property battles online shopping exodus
BY A N DY MU K H ERJEE
SINGAPORE’s malls are showing
some resilience to the global hol-
lowing out of physical retail by on-
line shopping. The demographics
of the smartphone generation are
still against them, though.
Suburban middle-class shop-
ping centres put up a strong show
in CapitaLand Mall Trust’s quar-
terly earnings on Tuesday. Their
relative outperformance was an
overarching theme in the results of
Singapore’s biggest mall landlord,
which offer a useful three-month-
ly check on the retail pulse and
shifting consumption patterns in
the city state.
CapitaLand Mall’s tenants saw
sales slid 0.9% from a year earlier
in the first half, extending a 0.4%
decline in the January to March
quarter. Yet the real estate invest-
ment trust managed a respecta-
ble 4%-plus increase in rents on
about 150,000 sq ft of the roughly
800,000 sq ft of retail space where
new leases were signed or old ones
renewed in the first six months. On
one block of 40,000 sq ft, the real
estate investment trust’s (REIT)
negotiated a 5.6% jump.
What is remarkable is that the
As Johnson takes
office, his party is
fracturing and his
majority is shrinking.
Photo by Reuters
promising combination for the in-
tricate negotiations that lie ahead.
Much of Johnson’s stated agen-
da, meanwhile, manages to be
both vague and irresponsible. A
centrepiece of his campaign was
a package of regressive and un-
necessary tax cuts that could cost
nearly US$25 billion (RM102.93
billion) a year. These were paired
with extravagant commitments to
malls where rents rose the most
are out on the island’s more in-
dustrial western side: Lot One
Shoppers’ Mall, IMM Building
and Westgate. The landlord’s bet-
ter-known properties in Singa-
pore’s mainstay shopping and
dining districts — Orchard Road,
Clarke Quay and Bugis — could
not even eke out a 1% increase
over rents agreed in previous leas-
es, typically signed three years
ago. Rents even fell at Raffles City,
an iconic brand that Singapore
boost spending on schools, social
care, police, broadband expan-
sion, “great projects” and more.
Where the money will come from
is anyone’s guess.
Inevitably, though, it is Brexit
that will define Johnson’s term
in office. And here his plans are
alarming. He hopes to convince
the EU (against its will) to com-
pletely renegotiate the deal the
has exported to Chongqing in
China.
So while retail attractions fre-
quented by Singapore’s well-
heeled, tourists and business vis-
itors are languishing, those that
cater largely to public housing es-
tates are holding up well.
For how long, though? The
US-China trade war is taking a toll
on the city’s small, open economy,
with gross domestic product shrink-
ing an annualised 3.4% in the sec-
ond quarter from the previous three
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
two sides have hashed out, yet he
has not specified what he thinks
should take its place. He proposes
to replace the deal’s “backstop” —
intended to avoid a hard border
with Ireland — with technolog-
ical arrangements that few ex-
perts think are feasible. And he
has vowed to withhold Britain’s
US$48 billion divorce settlement
unless the EU meets his terms.
Filepic of Ion Mall in
Orchard Road, Singapore.
Landlord’s better-known
properties in Singapore’s
mainstay shopping and
dining districts could
not even eke out a 1%
increase over rents
agreed in previous leases.
Photo by Reuters
months, the steepest decline since
2012. Isetan Singapore Ltd, a Jap-
anese department store operator,
has said it will not be renewing the
lease on its money-losing Westgate
store this December.
IMM Building is a one-stop
heaven of discount outlets. But
Generation Z-ers — those born
after 2000 — may find it tedious to
traipse out to remote shopping cen-
tres for a pair of Calvin Klein jeans
when better prices are available on-
line. Besides, tenants in the digital
If this strategy fails, as seems
likely, Johnson has vowed to leave
on Oct 31 without a deal, “do or
die”. This is in all probability a
bluff: Such a chaotic exit would
grievously wound Britain’s econ-
omy, clobber its public finances,
split Johnson’s own party and like-
ly lead to electoral disaster. Cabi-
net ministers have been preemp-
tively quitting in protest.
If he is indeed bluffing, though,
Johnson has played a weak hand
badly. By asserting that the odds
of a no-deal exit were “a million
to one”, he has discouraged busi-
nesses from making the kinds of
preparations — such as stockpil-
ing inputs or revamping supply
chains — that would convince the
EU to take the threat seriously. By
proposing to divert funds from the
government’s no-deal reserve to
pay for his tax cuts, he has implied
that he himself does not take the
possibility all that seriously.
There is not much that he does
seem to take seriously, in fact,
which is perhaps the most wor-
risome thing about the months to
come. Nearly any decision John-
son makes on Brexit is likely to
have momentous consequences
— for his party, for the econo-
my, even for the union itself. If
he senses the gravity of the mo-
ment, he’s given few signs of it.
— Bloomberg
economy often do not require glitzy
storefronts. BlueSG, a two-year-old
electric-car sharing start-up, is fine
with some parking space for its ve-
hicles at the Lot One mall.
What does all this mean for land-
lords? Interest rates that look likely
to stay lower for longer are a bul-
wark. The 4.5% dividend distribu-
tion by CapitaLand Mall provides
250 basis points more than 10-year
Singapore government bonds —
enough to attract yield-hungry in-
vestors. While the REIT’s revenue
on a comparable basis improved
by just 1.2% in the first half from a
year earlier, it souped up profit by
compressing operating expenses by
1%. Looking forward, investors will
expect returns from Funan Mall,
a once-popular haunt for gadget
buyers in the city centre that re-
cently reopened after a three-year
makeover.
But the big payday for Singapore
retail property owners, as I have
speculated before, may come when
the government follows through on
its plan to convert more of the cen-
tral business district’s older office
buildings into homes and hotels.
Whether the footfall will be enough
to offset Generation Z’s retreat from
the physical world is the ultimate
unknown. That makes it even more
imperative for landlords that subur-
ban malls stay busy. — Bloomberg
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
China bars 139
funds from IPOs
on tech board
violations
BY E V E LYN YU & A MY L I
SHANGHAI: China suspended
139 funds from investing in ini-
tial public offerings (IPOs) after
money managers breached sub-
scription rules on the country’s
new trading venue for technology
(tech) stocks.
Shenzhen Lin Yuan Invest-
ment Management Co, Zhejiang
High-Flyer Asset Management Co
and Yingshui Investment Co were
among firms that had multiple
funds punished for the violations,
with bans of six months or one year,
the Securities Association of China
said in a statement late on Tuesday.
The funds made IPO applications
on the STAR market, which began
trading on Monday, that exceeded
the size of their investments, the
Asset Management Association
of China said separately.
The Nasdaq-style trading venue
is an experimental market in Chi-
na that eased limits on valuations
and price swings, increasing the
potential for big gains as well as
large losses. The more market-ori-
ented approach, together with the
hype surrounding the new board,
has also brought strict enforcement
against rule breakers.
The bans “show the attitude
from regulators to make sure
financial institutions are com-
pliant,” with the STAR market’s
rules, said Wang Jiyue, general
manager at Shanghai Pegasus
Consulting Co.
Earlier this month, one of Chi-
na’s biggest brokerages, China
Galaxy Securities Co, was tem-
porarily barred from investing
its own money in IPOs after the
firm’s staff failed to meet a dead-
line to place orders on the STAR
market.
In a n e ma i l , Z h e j i a n g
High-Flyer Asset Management
vowed to improve compliance
and said it will return any extra
allocation at the offer price while
donating profits on these shares
to charity. — Bloomberg
Nissan to report 90% plunge in
operating profit — Nikkei
BY M A JI E
TOKYO: Nissan Motor Co Ltd will
report a drop of about 90% in its
fiscal first quarter operating profit
to several billion yen, well below
analysts’ estimates, the Nikkei
newspaper reported without at-
tribution.
The profit figure is the latest bit
of information to leak from the Yo-
kohama-based carmaker before
it reports quarterly results today.
Analysts had been projecting, on
average, a 66% decline from oper-
ating profit of ¥109 billion (RM4.12
billion) in April-June a year earlier,
according to estimates compiled
by Bloomberg.
Bearing brunt of trade war,
Singapore chipmakers cut jobs
The city state’s export-driven economy could slide into recession in coming months
BY JOHN GEDDIE
& ARADHANA ARAV INDAN
SINGAPORE: Caught between a
US-China trade war, political con-
cerns over Chinese telecommuni-
cations firm Huawei and slowing
consumer demand, chipmakers
in Singapore have started slowing
production and laying off hundreds
of jobs, firms told Reuters.
The slump in a sector that made
up nearly a third of Singapore’s
manufacturing output last year
is reinforcing expectations that
the export-driven economy could
slide into recession in the coming
months.
Making microchips for
everything from cell phones to cars
has long been central to the suc-
cess of Singapore, the tiny trading
island seen as a bellwether for the
global economy.
“We are already seeing that this
downturn is different,” said Ang
Wee Seng, executive director for
the Singapore Semiconductor In-
dustry Association (SSIA).
Ang said he was “preparing for
the worst” and putting his staff on
standby to help any laid off workers
try and find new jobs.
The semiconductor industry
is a broad term for firms making
electronic components, including
memory chips and microproces-
sors. Many of the world’s biggest
chipmakers have operations here.
John Nelson, chief executive of-
ficer of UTAC, a Singapore head-
quartered firm which tests and as-
sembles chips, told Reuters he had
started a “consolidation process”
in Singapore which may result in
a 10% to 20% headcount reduction
in the city state by year end.
UTAC, backed by private equity
firm TPG, has 10,280 employees
Yesterday, Kyodo News report-
ed that Nissan is planning to cut at
least 5,200 additional jobs globally
to improve its performance, on top
of a plan unveiled in May to shed
4,800 jobs. The further cuts would
take the total number of reductions
to 10,000, or more than 7% of Nis-
san’s workforce.
Chief executive officer Hiroto
Saikawa is facing intense pressure
to turn around the automobile
manufacturer following the arrest
in November of Carlos Ghosn, the
former chairman and architect of
the global alliance between Nissan,
Renault SA and Mitsubishi Mo-
tors Corp. Profits are at a decade
low and Nissan is struggling in the
Filepic of workers monitoring microchip production in the clean room at the UTAC plant
in Singapore. Nelson says he has started a ‘consolidation process’ in Singapore which may
result in a 10% to 20% headcount reduction in the city state by year end. Photo by Reuters
worldwide, of which around 1,700
are based here.
“We are taking the appropri-
ate actions to make sure there is
a future for our business in Sin-
gapore,” said Nelson, adding they
may also add more days where the
factory is closed and workers take
unpaid leave.
Nelson said while the global
industry was suffering, problems
were magnified in Singapore due
to high overhead costs like rent,
wages and utilities.
Lim Kok Kiang of Singapore’s
Economic Development Board,
a government agency which pro-
motes the city state as a business
hub, said while the semiconductor
industry faced challenges, Singa-
pore remained competitive in the
sector and has been attracting in-
vestment.
Global semiconductor sales are
expected to decline 12% to 13% in
US, where years of sales incentives
eroded margins and expanded vol-
umes through fleet sales.
“Once chasing nothing but vol-
ume under Ghosn, Nissan is now
scrapping that strategy and is shift-
ing its focus more on profitabili-
ty,” said Koji Endo, an analyst at
SBI Securities. “In order to achieve
this, they are reducing the size of
the company — this includes its
inflated capacity and number of
employees, as well as a bunch of
unprofitable cars and trucks.”
Nissan is planning to refresh
all core models, introduce 20-plus
new products and focus on Amer-
ican retail sales over the next three
years. — Bloomberg
W O R L D B U S I N E S S 13
2019, according to industry associ-
ation Semi, on course for their big-
gest drop since the dotcom bubble
burst in 2001.
While the industry is used to
swings in demand for the latest
tech products, this slump is exac-
erbated by trade tensions between
the US and China.
Apple supplier AMS is another
firm that has cut jobs in Singapore
this year. “We did reduce staffing in
Singapore to adapt to more muted
demand trends in the consumer
market in the first half and to reflect
improvements in manufacturing
efficiency,” Patricia Moosburger,
a company spokesman, said in re-
sponse to emailed questions from
Reuters.
Bellwether economy
The semiconductor industry made
up 28% of Singapore’s total manu-
facturing output in 2018, and 76%
KKR devours Campbell’s Tim Tam
maker in US$2.2b deal
BY PAU LIN A D UR A N
& BY RO N K AY E
SYDNEY: KKR & Co said it is buy-
ing Campbell Soup Co’s Austral-
ian snacks unit Arnott’s that will
give it ownership of top-selling
biscuit brands such as Tim Tam,
in a deal local media reported
was worth US$2.2 billion (RM9.6
billion).
“I can confirm that KKR’s of-
fer for Arnott’s was accepted by
Campbell’s late last night (Tues-
day),” an Australia-based spokes-
man for the New York-headquar-
tered buyout firm said in an email,
without specifying the price or
commenting further.
The Australian Financial Re-
view reported earlier without cit-
ing sources that the agreed sale
of its electronics production, offi-
cial data show.
Allen Ang of Aldon Technolo-
gies Services Group, a supplier of
parts and services to semiconduc-
tor firms, said because Singapore
exports most of its output, it is more
vulnerable than other chipmaking
hubs like Taiwan and South Korea
which have more domestic elec-
tronics demand.
Ang estimates factories in Sin-
gapore are on average operating
10% to 15% below their utilisation
rate last year.
Singapore’s exports dropped to
a six-year low in June, data released
last week showed, mainly due to
a 31.9% contraction in electronics
exports — the sector’s biggest drop
in a decade.
It was the latest in a slew of weak
data that has reinforced some econ-
omists’ expectations the central
bank will ease monetary policy in
the coming quarters.
Singapore’s economy is seen as
a gauge of global growth because
international trade dwarfs its do-
mestic economy.
The latest export data suggest
Singapore is losing its electronics
market share to other Asian coun-
tries, said ING economist Prakash
Sakpal, citing its underperformance
relative to South Korea and Taiwan,
as well as Malaysia, the Philippines
and Thailand.
But UTAC’s Nelson said despite
the cutbacks, his firm was also mak-
ing millions of dollars of investments
in Singapore on equipment for new
customers and projects, including
for 5G networks, the next generation
of mobile communications.
“I wouldn’t paint a picture that
it’s all bad,” Nelson said.
“There is light at the end of the
tunnel.” — Reuters
price was US$2.2 billion, less than
the over US$3 billion the seller
reportedly wanted for the asset.
A Campbell Soup spokesman
declined to comment on the re-
port and said the unit had not yet
been sold.
“The process to divest Arnott’s
and the rest of our international
operations is ongoing,” the spokes-
man for the US food company said
in a statement.
The sale marks the second
change of offshore ownership of
a large Australian food and drink
brand in a week, after Belgian beer
maker Anheuser-Busch InBev
agreed to offload its Australian
operations — with best-selling la-
bels like VB and Carlton Draught
— to Japan’s Asahi for US$11 bil-
lion. — Reuters
14 W O R L D B U S I N E S S
Big tech faces broad US
DoJ antitrust probe
This concerns whether major firms are engaging in anticompetitive practices
BY DAVI D SH EPA RD SON
WASHINGTON: The US Depart-
ment of Justice (DoJ) said on
Tuesday it was opening a broad
investigation into major digital
technology firms, whether they
engage in anticompetitive prac-
tices, the strongest sign that US
President Donald Trump’s admin-
istration is stepping up its scrutiny
of big tech.
The review will look into
“whether and how market-lead-
ing online platforms have achieved
market power and are engaging in
practices that have reduced com-
petition, stifled innovation, or oth-
erwise harmed consumers,” the
DoJ said in a statement.
The DoJ did not identify specif-
ic companies but said the review
would consider concerns raised
about “search, social media, and
some retail services online” — an
apparent reference to Alphabet Inc,
Amazon.com Inc and Facebook Inc,
and potentially Apple Inc.
A DoJ spokesman declined to
provide a list of companies that
would be scrutinised.
Ross: US will deal Snapchat user growth
with Huawei waiver accelerates after Android fix
applications within weeks
BY DAVI D A L EXA ND ER
& SU S A N HEAVEY
WASHINGTON: US President
Donald Trump’s administra-
tion plans to handle applications
from technology companies
seeking waivers over Huawei
Technologies Co Ltd’s blacklist-
ing within the next few weeks,
US Commerce Secretary Wilbur
Ross told Bloomberg Television
on Tuesday.
“We will deal with them very
promptly,” Ross said in an in-
terview. “There are 50-some-
odd applications from 35
companies that have
been received, and
within the next
couple of weeks
we expect to
have verdicts.”
Ross says there are
50-some-odd applications
from 35 companies that
have been received.
Photo by Reuters
The DoJ says the
review would
consider concerns
raised about
‘search, social
media, and some
retail services
online’. Photo by
Reuters
The announcement comes a
day before the Federal Trade Com-
mission is set to announce a US$5
billion (RM20.6 billion) penalty for
Facebook for failing to properly
protect user privacy.
Senator Richard Blumenthal, a
Pressed on whether they
would be completed in two
weeks, Ross said: “I said within
the next few weeks, few.”
Ross’ comments came a day
after Trump told the heads of
top technology companies at a
White House meeting that the
administration would make
“timely” decisions on US com-
panies’ requests to sell products
to Huawei.
Ross said the technology
company officials gathered at
the White House understood
the process that the adminis-
tration is following, with no
complaints about it. He
said granting the waiv-
ers is an interagency
process, involving the
Commerce, State, De-
fense and Energy de-
partments. — Reuters
Democrat, said the DoJ “must now
be bold and fearless in stopping
big tech’s misuse of its monopo-
listic power”.
“Too long absent and apathet-
ic, enforcers now must prevent
privacy abuse, anticompetitive
BY S ARAH FRI E R
SAN FRANCISCO: Snapchat’s
growth accelerated after the so-
cial-media company rolled out an
improved version of its Android
mobile application and introduced
fun ways for people to manipulate
images and videos.
Snap Inc, whose Snapchat app
lets people send one another disap-
pearing photos and videos, said an
average of 203 million users logged
in daily in the second quarter (2Q),
well ahead of the 191.7 million es-
timated by analysts.
It was a sign of recovery after a
rocky period, and shares jumped
more than 13% in late trading fol-
lowing the report.
After a disastrous redesign that
alienated users last year and the
turnover of most of its executive
leadership team, Snap is finally
delivering on long-time promises
that a new version of its app for
the Android mobile system would
shore up user growth.
The company also gave an up-
beat forecast, saying it expects
daily users of 205 million to 207
million in 3Q. Investors have re-
cently turned more optimistic
about the company’s prospects,
and the stock has more than dou-
bled this year.
“Following last year’s substan-
tial product evolution, we believe
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
tactics, innovation roadblocks,
and other hallmarks of excessive
market power,” he added.
A person briefed on the matter
said the DoJ review may include
some state attorneys general as
well. — Reuters
Filepic of the Snapchat app logo seen on a
smartphone. Snap is finally delivering on
long-time promises that a new version of its
app for the Android mobile system would
shore up user growth. Photo by Reuters
that we are now better positioned
for long-term success,” chief ex-
ecutive officer Evan Spiegel said
on Tuesday.
In 2Q, the company’s net loss
narrowed to US$255.2 million
(RM1.05 billion), or 19 US cents a
share, from US$353.3 million, or 27
US cents, a year earlier. Snap has
also forecast 3Q sales of US$410
million to US$435 million, exceed-
ing the average analyst estimate of
US$402.9 million.
Snapchat shares, up 4.8% to
US$14.83 in regular New York trad-
ing on Tuesday, climbed to US$16.79
in extended trading. — Bloomberg
Dish has agreed
to US$5b deal for
wireless assets
— sources
BY N A B IL A A H ME D, DAV ID
MC L AUG H L IN & S COT T MO R IT Z
NEW YORK/WASHINGTON:
Satellite-television provider
Dish Network Corp has agreed
to pay US$5 billion (RM20.6 bil-
ion) for wireless assets in a deal
with T-Mobile US Inc and Sprint
Corp, setting the stage for the
US Department of Justice (DoJ)
to approve the US$26.5 billion
merger of the mobile-phone
carriers, according to people
familiar with the matter.
After weeks of negotiations,
the parties have hammered out
an agreement under which Dish
will pay about US$1.5 billion
for prepaid mobile businesses
and roughly US$3.5 billion for
spectrum, said the people, de-
clining to be identified because
the details are still private.
Under the terms of the deal,
Dish cannot sell the assets or
hand over control of the agree-
ment to a third party for three
years, the people said.
The accord should allow the
DoJ to sign off on T-Mobile’s
merger with Sprint today.
As part of the Dish agree-
ment, the satellite-TV compa-
ny gets a seven-year wholesale
agreement allowing it to sell
T-Mobile wireless service un-
der the Dish brand. The pack-
age also includes a three-year
service agreement from T-Mo-
bile to provide operational sup-
port as prepaid customers shift
to Dish. — Bloomberg
UPS launches
drone business,
seeks to certify
multiple pilots
BY L IS A B A E RT L E IN
LOS ANGELES: United Parcel
Service Inc (UPS), the world’s
largest package delivery firm, on
Tuesday unveiled its drone deliv-
ery subsidiary, saying it has ap-
plied for the Federal Aviation Ad-
ministration (FAA) certifications
needed to expand the business.
The UPS Flight Forward
launch marks the latest move
in the battle among UPS, Ama-
zon.com Inc and Alphabet Inc
for the lead in the nascent US
drone delivery industry.
UPS said the Flight Forward
could receive FAA certification
for multiple drones and pilots
this year, potentially becoming
the first company to win such ap-
provals. The Flight Forward is tar-
geting healthcare companies as
part of an ongoing UPS effort to
use higher-profit specialty deliv-
eries to offset the margin squeeze
from booming residential e-com-
merce deliveries. — Reuters
THU R S DAY JU LY 25 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 15
16 FO CU S
A poor global outlook and weak domestic
sentiment portend a difficult period ahead
for Singapore and its policymakers.
Down, not out
S’pore needs to rethink its game plan to tackle global uncertainties, domestic challenges to its economy
BY A M A L A B A L A KRI SHN ER
S
immering trade tensions between
the US and China have taken their
toll on the export-driven economy
of Singapore. The latest releases
of economic data have observers
projecting a recession for the city
state, even as its officials think it will not
happen. On July 17, figures from Enterprise
Singapore revealed a slump in exports in
June, the steepest decline in six years. That
release followed the Ministry of Trade and
Industry’s (MTI) advance gross domestic
product (GDP) growth estimate of a dismal
0.1% for 2Q2019 ended June.
Meanwhile, the International Monetary
Fund (IMF) has cut its full-year growth fore-
cast for the local economy to 2%, from 2.3%
previously.
“I thought the numbers would be bad,
but this is ugly,” says Chua Hak Bin, senior
economist at Maybank Kim Eng.
With exports accounting for 176.4% of Sin-
gapore’s GDP in 2018, according to data from
the World Bank, the sector has been integral
to propelling the city state’s economy. At the
same time, manufacturing has accounted for
roughly 20% of GDP, a proportion that gov-
ernment planners seem keen to maintain.
Yet, these are the very two sectors that
are now in the doldrums. While the trade
war appears to be the most obvious cause
of Singapore’s poor economic performance,
observers The Edge Singapore spoke to be-
lieve there are other structural and fiscal is-
sues inhibiting the growth of the domestic
economy. And the way forward seems to
be to move away from a heavy dependence
on exports to growing a stronger domestic
sector with thriving small and medium-sized
enterprises (SMEs).
Indicators of weakness
The cracks in Singapore’s current game plan
are emerging, as seen from the key economic
indicators in recent months.
Non-oil domestic exports (NODX) have
fallen for four straight months, in double-digit
declines (see Chart 1). In June, exports to Sin-
gapore’s main markets of Hong Kong, China
and Europe fell 38.2%, 15.8% and 22.1% re-
spectively from the year before. Exports to
emerging markets — defined by Enterprise
Singapore as miscellaneous markets ranging
from the Caribbean to Eastern and Southern
Europe, Latin America, Middle East and South
Asia as well as Cambodia, Laos, Myanmar and
Vietnam — fell 17% y-o-y. Exports to the US,
meanwhile, registered a 1.5% growth.
Total exports plunged 17.3% y-o-y, dragged
down by a 31.9% decline in electronic exports.
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
This follows the 16.3% y-o-y decline recorded
in May. Exports of non-electronics were also
down, falling 12.4% y-o-y amid lower demand
for non-monetary gold, petrochemicals and
pharmaceuticals.
At the same time, Singapore’s manufac-
turing activity has also been on a downward
trend (see Chart 2). The Purchasing Managers’
Index fell to 49.6 in June, from 49.9 in May,
itself a drop from 50.3 in April and 50.8 in
March. June’s PMI, the most recent availa-
ble, was the lowest since August 2016’s 49.8.
A reading below 50 indicates a contraction
in factory output and production.
Domestic consumption is also weak. Re-
tail sales in May fell 2.1% y-o-y, a fourth
consecutive month of decline (see Chart 3).
Sales of major retail products and services
from department stores, motor vehicles, and
computers and telecommunications saw
significant declines of 4.7%, 7.5% and 7%
respectively. Total sales amounted to S$3.7
billion, of which 5.3% were online sales.
On the whole, the economy expanded only
0.1% y-o-y in 2Q2019, according to advance
estimates by the government (see Chart 4).
The manufacturing sector shrank 3.8% from
the year before, although construction grew
2.2% and the services sector was up 1.2%.
The 2Q GDP growth is the slowest since the
depths of the last global financial crisis. In
2Q2009, GDP shrank 1.2% y-o-y.
Economists such as Maybank Kim Eng’s
Chua expect Singapore to fall into a tech-
nical recession if the current poor perfor-
mance persists.
Overall, with the IMF’s downgrade of global
GDP growth to 3.3% in April, from the 3.7% it
forecast last October, all countries are facing a
possible economic downturn. For Singapore
and its policymakers, a poor global outlook and
weak domestic sentiment portend a difficult
period ahead. Even as trade talks between US
President Donald Trump and Chinese Pres-
ident Xi Jinping have resumed, tensions are
unlikely to let up. Adding to that is the slowing
of China’s economic growth to 6.2% in 2Q2019
— the weakest in 27 years — an indication that
it will take some time for the Chinese econo-
my to recover and bounce back with stronger
growth. Till then, it will take a long time for
global supply chains to be rectified and the
effects of the trade war to be overcome.
The deep-seated differences between the
US and China transcend trade, so Kelvin
Tay, regional chief investment officer at UBS
wealth management, says “we should actually
expect this [global economic] weakness to
continue for quite some time, unfortunately”.
Structural challenges
Even so, Tay notes that because of the ma-
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
PHOTO BY BLOOMBERG Chart 1
Non-oil domestic export growth
Y-o-y (%)
15
10.90
10 8.10
5.0
5 Introducing fiscal incentives, such as in-
0.80
0 creased government spending or giving hand-
-5
-10
-15
-20
June July Aug Sept
2018 2018 2018 2018 2018
Source: Enterprise Singapore
Chart 2
Purchasing Managers’ Index
60
52.5 52.3 52.6 52.4 51.9
50
40
30
20
10
0
June July Aug Sept
2018 2018 2018 2018 2018
Source: Singapore Institute of Purchasing and Materials Management
Chart 3
Retail sales growth
Y-o-y (%)
8 to the US growing about 30% in 2018 from
6
4 short-lived, as it has now been slapped
2
1.7 1.7
0
-0.4
-2
-2.5
-4
turity of the Singapore economy “even with- -6
out the trade war, the Monetary Authority -8
of Singapore (MAS) was looking at 1.5% to -10
June July Aug Sept
2.5% growth”.
2018 2018 2018 2018
According to Maybank Kim Eng’s Chua,
the Singapore government’s tightening meas- Source: Department of statistics
ures — on property, monetary policy and for-
eign worker quota — as well as the indirect
impact of the US Federal Reserve interest rate macroprudential and other property-relat-
cuts — have had adverse implications for the ed measures, but recommended that market
economy. “This has impacted the economy conditions be continuously monitored and
as a whole, including the domestic-oriented the macroprudential measures be adjusted
sectors, multiplying the woes from the trade accordingly. In fact, IMF has suggested “elim-
shock,” he says. inating residency-based differentiation for
The steps taken to rein in speculation in the ABSD, and then phasing out the measure
private property — such as tighter loan-to- once systemic risks dissipate”.
value (LTV) limits and additional buyer’s Secondly, the central bank’s move to
stamp duties (ABSD) — have certainly had strengthen the Singapore dollar against the
an effect. Chua points out that price gains US dollar through a slight increase of the slope
have been curbed and transaction volume of the Singapore dollar’s nominal effective
in the market is down significantly. exchange rate (S$NEER) policy band in Oc-
Fewer property sales have broader im- tober last year was, in Chua’s words, “not a
plications for economic activity. “When one great move”. The intended effect was to raise
buys a house, it doesn’t stop there. They go the value of exports, as the economy was ex-
on to engage professionals such as bankers, panding at a steady, albeit slow, pace, amid
real estate agents, lawyers and interior de- rising trade tensions. However, it seems to
signers. Then, they proceed to furnish their have backfired, as exports have since fallen.
homes, increasing consumption. [All of this Also at stake now is Singapore’s price com-
will increase the flows of money, and thereby petitiveness. “The stronger exchange rate in
boost the economy in a multiplier effect],” fact has probably aggravated the pain [on]
says UBS’ Tay. exports,” Chua notes.
According to Chua, the property market MAS is now widely expected to flatten the
and wider economy could use a boost through slope of this band. Chua argues that a weaker
a reduction in the ABSD or relaxation of the Singapore dollar against the US dollar may
LTV ratio, for instance. be a more appropriate policy for now. Apart
Indeed, in its recent report on the Singa- from boosting trade, it could also encourage
pore economy, IMF noted that the property inbound tourists. He observes that visitor ar-
sector — and its stability — is very much tied rivals for April grew 3.39% y-o-y, but slowed
to the broader economy. That has resulted to an increase of just 0.9% y-o-y for May. A
in macroeconomic policies being centred weaker dollar will attract more tourists and
on the property market. In that context, the thereby improve occupancy rates for hotels,
global body welcomed the government’s as well as support other services such as re-
FO CU S 17
With companies facing mounting pressures
from the bleak economic outlook and weak
consumer sentiment, the move has crimped
their earnings.
8.0
4.80
Developing new growth drivers
outs, may have little impact, economists say.
-2.80 “With every S$1 spent, 60 Singapore cents get
-8.50 leaked out because of Singapore’s depend-
-10.10 -10.0 ence on foreign labour and [substantial]
-11.80
imports,” Tay says.
-15.90 -17.30
A key driver of growth should be local en-
Oct Nov Dec Jan Feb March April May June terprise. Developing a deeper start-up sector
2018 2018 2019 2019 2019 2019 2019 2019 and helping SMEs thrive would make the
Singapore economy more resilient. To begin
with, robust local enterprises will strengthen
the domestic economy and are likely to be a
boon for the local labour force. Chua suggests
a tax cut or other benefits be given to com-
panies to help them cope with the intense
cost pressures they are facing, such as foreign
exchange losses, wages and competition.
51.5 51.1 50.7 50.4 50.8 50.3 At the same time, Singapore must be able
49.9 49.6
to capitalise on its regional partners’ growth.
Southeast Asia is the world’s sixth-largest
economy; its GDP more than quadrupled
over the last two decades to US$2.55 trillion
in 2016, from just US$577 billion in 1999. Yet,
currently, only 20% to 25% of the total trade
of Asean member states is with each other.
By contrast, trade among EU members ac-
count for just below half of the bloc’s total
Oct Nov Dec Jan Feb March April May June value of trading activity, which indicates
2018 2018 2019 2019 2019 2019 2019 2019 tighter economic ties. More regional trade
will also unite and strengthen Asean, help-
ing it withstand the shocks brought about
by the uncertainties in the global economy.
For a while, countries in the region
seemed to be beneficiaries of the trade
war between the US and China. Vietnam
was one of the biggest winners, with exports
7.6 the year before. However, its gains were
with a 400% duty on its exports produced
0.4 with materials originating from Taiwan and
-0.8
South Korea. Vietnam is also now on the
-2.0 -1.9 -2.1 US Treasury Department’s list of possible
currency manipulators. There is now con-
cern that other countries in Southeast Asia,
-5.9
-9.8 particularly the export-oriented ones, would
be similarly scrutinised and penalised.
Oct Nov Dec Jan Feb March April May
Whatever the case, the countries in the
2018 2018 2018 2019 2019 2019 2019 2019
region need to work together to get through
this difficult period. For now, Singapore Dep-
uty Prime Minister Heng Swee Keat says he
Chart 4
does not expect the city state to fall into a
recession, not even a technical one, which
GDP growth is defined as two consecutive quarters of
economic contraction. Heng, who is also the
Y-o-y (%) finance minister, says on Facebook the GDP
5
4.3 4.2 * Advance estimate flash figures reflect heightened uncertainties
4 and risks in the global economy, but Singa-
pore is prepared for the cyclical events. He
3 adds that the government is monitoring the
2.6 circumstances and working with employers
2
and unions “to prepare for all scenarios”,
1.3 which some have taken to mean adjustments
1.1 to wages, similar to what took place in pre-
1
vious downturns.
*0.1 Heng also reiterates that policy will be
0
1Q 2Q 3Q 4Q 1Q 2Q focused on challenges in the medium and
2018 2018 2018 2018 2019 2019 longer terms. “The Future Economy Council
will continue with our industry transforma-
Source: Ministry of trade and industry tion plans, build stronger enterprise capabil-
ities and make the most of the opportunities
around us,” he says. Heng also chairs the coun-
cil, which is tasked with charting and driving
tail and F&B, says Chua. Domestically, it will the transformation of Singapore’s economy.
encourage more consumption through the For now, though, growth forecasts are
lower price points of imported goods. being cut. Local banks have downgraded
UBS’ Tay says “there are no two ways their full-year GDP forecasts, with Maybank
about [the cut]”. He expects the Singapore expecting 1.1% growth, DBS lowering its
dollar to weaken in the short term, following forecast to 0.7% and OCBC cutting it to 0%
a rate cut by the Fed later this month before to 1%. MTI had, after 1Q2019, cut its full-
weakening further towards year end after a year forecast to between 1.5% and 2%, from
possible easing by MAS. 3.5% previously. While these adjustments to
Lastly, the tightening of the foreign work- growth expectations have a sobering effect
er dependency ratio ceiling, from 40% to on the broader sentiment, they must also
38% starting in 2020, and to 35% in 2021, is be the impetus to develop new drivers of
slowly increasing the cost of doing business. growth for Singapore. — The Edge Singapore
18 W O R L D B U S I N E S S
UK plc urges Johnson to soften
‘hugely worrying’ Brexit stance
He has hired Sky executive to mend government’s relations with firms
BY T H O M A S SEA L , JOE M AYES
& EL L EN MI L L I GA N
LONDON: Boris Johnson is poised
to become the UK’s next prime
minister and British business is
wasting no time in urging him to
avoid crashing out of the European
Union (EU).
The former London mayor won
the leadership of the ruling Con-
servative Party, clearing his path to
assume the premiership yesterday.
After his victory, Johnson reiterated
his pledge to leave the EU by the
end of October and “take advantage
of all the opportunities it will bring
in a new spirit of can-do.’’
Deutsche Bank suffers €3.15b quarterly loss
BY TO M S I MS
FRANKFURT: Deutsche Bank report-
ed a bigger than forecast quarterly
loss of €3.15 billion (RM14.45 billion)
because of major costs stemming
from its efforts to reshape its business.
Deutsche Bank had earlier this
month flagged it would lose around
€2.8 billion in the quarter when it
announced a restructuring plan
that will see 18,000 jobs go and
cost €7.4 billion overall.
Vodafone and Telefonica ink 5G terms in move to UK tower sales
BY T H O M A S SEA L
LONDON: Vodafone Group plc
and Telefonica SA’s UK carrier O2
have agreed on how to roll out the
next-generation 5G wireless tech-
nology via their shared British mast
company, moving a step closer to a
potential sale of the venture.
The two carriers will share
next-generation wireless technol-
ogy like antennas but divide auton-
omous control over about a quarter
of the masts, so each company can
differentiate services. That will speed
up the roll-out of 5G across the 50-
50 joint venture, called Cornerstone,
which owns about 16,500 masts
across the UK, they said yesterday.
Vodafone and O2 “will now pro-
ceed to explore potential monetisa-
tion options for Cornerstone,” the
companies said in a joint statement.
Sharing technology will also help
in cutting costs, they said.
Both companies are seeking to
trim their debt piles, and one way is
to invite more users or investors into
infrastructure to generate income.
Vodafone is reviewing its roughly
58,000 European towers and has
moved towards network-sharing
deals with rivals in Italy and Spain.
Asset sharing is increasingly
“This idea of leave-what-may on
Oct 31 is hugely worrying business-
es because of the effect on invest-
ment and jobs,’’ Carolyn Fairbairn,
director-general of the Confed-
eration of British Industry, told
Bloomberg TV on Tuesday. “We
are deeply, deeply concerned about
no-deal.”
Like his predecessor, he will en-
ter No 10 Downing St with one ur-
gent demand from UK public lim-
ited companies (plc): Resolve the
years-long Brexit stalemate cloud-
ing their plans. Unlike Theresa May,
who spent 18 months working out
a deal that parliament repeatedly
rejected, Johnson will have three
The second quarter loss com-
pared with a profit of €401 million
a year earlier. The bank’s shares
dropped 5% in early trading here.
Deutsche, Germany’s largest
lender, is considered one of the
most important banks for the glob-
al financial system, along with US
heavyweights JPMorgan Chase,
Bank of America and Citigroup.
But Deutsche has been plagued
by losses and scandal, prompting it
to embark on one of the biggest over-
Visitors walking past 5G branding during the launch of Vodafone’s 5G wireless network in London. Vodafone is seeking to trim its
debt piles. Photo by Bloomberg
popular as telecommunication
companies seek to minimise the
burden of building expensive fi-
bre and 5G infrastructure while
still being able to reap the rewards.
Cable and antenna assets are seen
trading at higher earnings multi-
months to meet his pledge to quit
the bloc by Halloween.
The 55-year-old Oxford grad-
uate has been keen to win back
industry support after it emerged
that he had dismissed their Brex-
it concerns with the words “f***
business’’ as foreign secretary last
year. He wooed chief executive of-
ficers (CEOs) at breakfasts in recent
weeks, accompanied by supporters
including Treasury Chief Secretary
Liz Truss.
For now, putting Brexit aside,
corporate Britain has been largely
welcoming of Johnson, seeing pos-
itive signs in his pro-enterprise at-
titude when he was London mayor.
hauls to an investment bank since
the aftermath of the financial crisis.
Chief executive officer Chris-
tian Sewing said yesterday that the
bank had already taken significant
steps in implementing the strategy.
More than 900 employees had giv-
en notice or been told they would
be made redundant.
In a note to employees, Sewing
said that the lender’s underper-
forming investment bank faced
“strong headwinds” in the quar-
ples than their customer-focused
units, which has led to a wave of
investment from tower operators
including Cellnex Telecom SA and
infrastructure investors such as
Macquarie Group Ltd.
The Vodafone-Telefonica deal
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
“We need that optimism and
energy,” ITV CEO Carolyn McCall
said on Bloomberg TV yesterday.
“He was very pro-business, he in-
vested in infrastructure.”
Johnson has also hired pay-TV
broadcaster Sky’s chief operating
officer, Andrew Griffith, as his sen-
ior business adviser, giving him the
job of improving the government’s
relations with UK companies. Grif-
fith would have started yesterday,
according to an internal Sky memo
seen by Bloomberg. In recent weeks,
Johnson has used Griffith’s London
townhouse as a base as he pre-
pared to become prime minister.
— Bloomberg
ter, including questions about the
bank’s future that spooked clients.
“Now we can look ahead with
more optimism,” he wrote.
Deutsche’s troubles peaked with
a US$7.2 billion US fine in 2017
for its role in the mortgage market
crisis, in a major blow that caused
clients to flee.
A new leadership, with Sewing
at the helm since last year, has tried
to revive Deutsche’s fortunes, but
problems have persisted. — Reuters
will let the companies invest more
in services and reduce their envi-
ronmental impact, the companies
said, an update after first announc-
ing the plans in January. Telefon-
ica and Vodafone report financial
results this week. — Bloomberg
IN BRIEF
Aston Martin falls most
since IPO on forecast cut
MUNICH: Aston Martin Lagonda
fell the most since listing after re-
ducing its full-year sales forecast
because of intensifying weak-
ness in key markets. The shares
dropped as much as 24%. The
luxury sports car manufacturer
now expects wholesale deliver-
ies to decline as much as 14%
to as low as 6,300, the Gaydon,
England-based company said
yesterday. That compares with
a plan for 7,100 to 7,300 vehicle
sales the carmaker anticipated
in May. The reduction is another
blow in Aston Martin’s struggle
to convince that it can make the
transformation from niche player
to successful listed company af-
ter an initial public offering (IPO)
last year. — Bloomberg
Daimler 2Q hammered by
one-off, diesel charges
FRANKFURT: Luxury carmaker
Daimler said it would intensi-
fy cost cuts after legal risks for
diesel-related issues and the
cost of replacing Takata airbags
triggered a €1.56 billion (RM7.16
billion) loss before interest and
taxes in the second quarter (2Q).
The German company said €4.2
billion in one-off expenses con-
tributed to the operating loss in
the quarter, compared with a
€2.6 billion profit in the same
period last year. “In general, we
are intensifying the group-wide
performance programmes and
reviewing our product portfolio
in order to safeguard future suc-
cess,” chief executive officer Ola
Kaellenius said in a statement
yesterday. — Reuters
Jollibee buys Coffee Bean
in overseas push
MANILA: Philippines’ Jollibee
Foods Corp, a major Asian fast-
food operator, said yesterday
it had agreed to acquire US
brand Coffee Bean & Tea Leaf
for US$100 million (RM412 mil-
lion) as part of its rapid expan-
sion outside its home market.
“The acquisition of Coffee Bean
& Tea Leaf will be Jollibee’s larg-
est and most multinational so
far with business presence in
27 countries,” Jollibee chairman
Tony Tan Caktiong said in a state-
ment, adding that the acquisi-
tion will add 14% to its global
system-wide sales and 26% to
its total store network. — Reuters
JetBlue disappointed by
Airbus A321neo delays
DALLAS/LONDON: JetBlue
Airways Corp expressed dis-
may with Airbus SE after the
US carrier learned it will get
less than half the A321neo jets
it was expecting this year be-
cause of production snarls that
are delaying deliveries of the
European planemaker’s biggest
single-aisle model. The New
York-based airline will get a
maximum of six of the aircraft
this year, compared with the 13
that were originally planned,
chief financial officer Steve
Priest said on Tuesday. Next
year, JetBlue will receive 14 of
the jets, or one less than previ-
ously scheduled. — Bloomberg
THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
China warns of war in
case of move towards
Taiwan independence
It denounces US arms sales to the self-ruled island
BY M I C H AEL MA RT I NA
BEIJING: China’s defence ministry
warned yesterday that it is ready for
war if there is a move towards Tai-
wan’s independence, accusing the
US of undermining global stability
and denouncing its arms sales to
the self-ruled island.
This month, the Pentagon said
the US Department of State had
approved sales of weapons request-
ed by Taiwan, including tanks and
Stinger missiles estimated to be
worth US$2.2 billion (RM9.06 bil-
lion).
China responded by saying it
would impose sanctions on US firms
involved in any deals.
Defence ministry spokesman
Wu Qian told a news briefing on
a defence white paper, the first in
several years to outline the military’s
strategic concerns, that China would
Filepic of protesters tearing a Japanese rising sun flag during an anti-Japan rally in front of the Japanese embassy in Seoul, South
Korea on Saturday. Japan’s planned revision of a law to take South Korea off its so-called white list comes amid a deepening row
over compensation for wartime forced labour, and after Japan tightened curbs this month on exports to South Korea of high-tech
materials. Photo by Reuters
S Korea asks Japan not to drop it from smooth trade list
BY J U- M I N PA RK
SEOUL: South Korea protested yes-
terday against a Japanese plan to
remove it from a Japanese list of
countries that face minimum trade
restrictions, saying it would under-
mine their decades-old economic
and security cooperation and threat-
en free trade.
Japan’s planned revision of a law
to take South Korea off its so-called
white list comes amid a deepening
row over compensation for wartime
make its greatest effort for peaceful
reunification with Taiwan.
“However, we must firmly point
out that seeking Taiwan independ-
ence is a dead end,” Wu said.
“If there are people who dare to
try to split Taiwan from the country,
China’s military will be ready to go
to war to firmly safeguard national
sovereignty, unity and territorial
integrity,” he said.
The US is the main arms sup-
plier to Taiwan. Beijing has never
renounced the use of force to bring
the island under its control.
The US has no formal ties with
democratic Taiwan, but is bound
by law to help provide it with the
means to defend itself.
The Chinese ministry said the
US had “provoked intensified com-
petition among major countries,
significantly increased its defence
expenditure ... and undermined
forced labour, and after Japan tight-
ened curbs this month on exports to
South Korea of high-tech materials
used for making memory chips and
display panels.
South Korea’s industry ministry
said in a statement Japan’s removal
of South Korea from the list would
be a very grave matter that would
undermine their economic and se-
curity partnership.
It asked Japan to scrap the plan,
flagging concerns over wider disrup-
tions of global supply chains involv-
global strategic stability”.
China’s defence spending would
maintain moderate and steady
growth, but it is relatively low com-
pared with other major countries,
it added.
“There is still a wide gap between
China’s defence expenditure and
the requirements for safeguarding
national sovereignty, security and
development interests,” it said.
Reports of a secret pact with
Cambodia granting China’s armed
forces exclusive access to part of
the Southeast Asian nation’s Ream
Naval Base on the Gulf of Thailand
were not in accordance with the
facts, Wu added.
“China and Cambodia have in the
past carried out positive exchanges
and cooperation on military drills,
personnel training and logistics,” he
said. “This kind of cooperation does
not target any third party.” — Reuters
ing South Korean chip and screen
makers. Japan is due to decide on
a revision of its list after canvassing
public opinion, which was due to be
done by yesterday.
Japanese broadcaster NHK re-
ported that an unusually large num-
ber of opinions had been submitted
— more than 10,000 — and most
were in favour of dropping South
Korea from the list.
The government is looking to im-
plement the change as early as next
month, NHK said. — Reuters
China says US
undermining global
stability
BY DANDA N L I
& P HI LI P J H E IJ MA N S
BEIJING/SINGAPORE: China ac-
cused the US of undermining glob-
al stability, as the country released
its first defence white paper since
Chinese President Xi Jinping initi-
ated a sweeping military overhaul
in 2015.
The paper entitled “China’s Na-
tional Defense in the New Era” —
in a reference to a key Xi slogan
— said that the US had provoked
competition among major coun-
tries. The paper noted that the “in-
ternational security system and
order are undermined by growing
hegemonism, power politics, uni-
lateralism and constant regional
conflicts and wars”.
The language represented a de-
parture from the previous report,
which focused on efforts to im-
prove military-to-military coop-
eration between the world’s two
largest economies.
Xi is preparing to mark 70 years
of Communist Party rule in Beijing
US negotiators set to head to China
next Monday for talks
BY S HAWN D O N N A N
& J E NNY L EO N A R D
WASHINGTON: US Trade Repre-
sentative Robert Lighthizer and
senior US officials are set to travel
to China on Monday for the first
high-level, face-to-face trade ne-
gotiations between the world’s
two biggest economies since talks
broke down in May.
Lighthizer and a small team
will be in Shanghai through next
Wednesday, according to people
familiar with the plans who asked
not to be identified. The meeting
will involve a broad discussion of
the issues outstanding and is not
expected to yield major break-
throughs, a senior administration
official said.
US President Donald Trump
and Chinese counterpart Xi Jin-
ping met at a Group of Twenty
Hong Kong train service restored
after protesters’ disruption
BY S TE P H E N TA N , K A R E N L E IG H
& J U S TI N C H IN
HONG KONG: Hong Kong’s rail-
way operator said trains had re-
sumed normal service after a
small group of anti-government
protesters disrupted the city’s
notoriously busy morning rush,
stranding crowds of commuters
on platforms at a main station.
Trains on the Island Line,
which cuts through the city’s fi-
nancial centre, had returned to
their regular schedule, MTR Corp,
Hong Kong’s urban rail opera-
W O R L D 19
later this year facing a trade war
with the US that has aggravated a
host of security disputes between
the two countries. US President
Donald Trump’s administration
last year issued a scathing report
accusing China of “economic ag-
gression”, following on from the
Pentagon’s decision to brand the
country a “strategic competitor”.
China’s paper said the situation
in the South China Sea is “generally
stable and improving” as regional
countries are properly managing
risks and differences.
China’s military expenditure as
a percentage of overall economic
output fell to 1.26% in 2017, com-
pared with a peak of 5.43% in 1979,
the report said. During that period,
China experienced unprecedented
economic growth and rose from
a relatively weak military power
to the country with the world’s
second-largest military budget,
behind the US. China needs to fur-
ther modernise its army because
it still lags behind the world’s best,
it said. — Bloomberg
summit in Japan last month and
declared a tentative truce in their
year-long trade war. The lead-
ers directed their negotiators to
resume trade talks. Since then
US Treasury Secretary Steven
Mnuchin, Lighthizer and their
Chinese counterparts have spoken
by phone. According to a senior
administration official, the Chi-
nese requested that the meeting
take place in Shanghai, rather than
Beijing. The Chinese foreign affairs
and commerce ministries did not
immediately respond to requests
for comment.
Stocks jumped on the news,
and the S&P 500 closed up almost
0.7% in New York. Chinese stocks
gained yesterday with all major
indices jumping in the morning
on the news of renewed talks be-
fore pulling back later in the day.
— Bloomberg
tor, said in a statement yesterday.
Earlier, the company warned that
travel times were extended by 10
to 15 minutes due to “a number of
train door obstruction incidents”.
Protesters who have been cam-
paigning for weeks against Chief
Executive Carrie Lam’s bid to ease
extraditions to mainland China
had said they planned to interrupt
the morning service.
Some protesters yesterday
wore surgical masks to hide their
identities and were seen on plat-
forms at the Admiralty station. —
Bloomberg
20 WORLD
Johnson to appoint his Brexit team
EU heads for showdown with a Britain bent on leaving the union by Oct 31 with or without a deal
BY G UY FAU LCON B RI DGE
& ANDY BRUCE
LONDON: Boris Johnson took office
as prime minister yesterday and
would unveil the team he has tasked
with delivering Brexit by the end
of October, with or without a deal.
Johnson is entering Downing
Street at one of the most perilous
junctures in post-World War British
history — the UK is divided over
Brexit and weakened by a three-
year political crisis since the Brexit
referendum.
His pledge to energise the coun-
try and deliver Brexit — do or die
— on Oct 31, sets the UK up for
a showdown with the European
US military took
defensive action
against second
Iranian drone
BY I D R EES A L I
WASHINGTON: A US navy ship
took defensive action against
a second Iranian drone in the
Strait of Hormuz last week, but
did not see the drone go into
the water, the US military said
on Tuesday.
The US said that a navy ship
had “destroyed” an Iranian
drone in the Strait of Hormuz
after the aircraft threatened
the vessel, but Iran said it had
no information about losing
a drone.
“This was a defensive ac-
tion by the USS Boxer in re-
sponse to aggressive inter-
actions by two Iranian UAS
platforms in international wa-
ters,” Lieutenant Colonel Earl
Brown, a US Central Com-
mand spokesman, said. UAS
is an acronym for unmanned
aerial system.
“We observed one UAS
crash into the water but did
not observe a ‘splash’ for the
other,” Brown added.
Earlier on Tuesday, the head
of US Central Command had
said the second drone may
have been brought down.
“We are confident we
brought down one drone, we
may have brought down a sec-
ond,” General Kenneth Mc-
Kenzie told CBS News in an
interview.
Tensions in the Gulf region
are high, with fears that the US
and Iran could stumble into
war.
The US blamed Iran for a
series of attacks since mid-May
on shipping around the Strait
of Hormuz, the world’s most
important oil artery. Tehran re-
jects the allegations. — Reuters
Union and thrusts it towards a po-
tential constitutional crisis, or elec-
tion, at home.
“Like some slumbering giant
we are going to rise and ping off
the guy-ropes of self-doubt and
negativity,” Johnson, 55, said on
Tuesday after he was elected by
Conservative Party members.
“We are going to energise the
country. We are going to get Brexit
done on Oct 31 and we are going
to take advantage of all the oppor-
tunities it will bring in a new spirit
of can do.”
Yesterday combined arcane Brit-
ish political choreography with
the realpolitik of appointing a new
government.
Britain wins early European
support for Hormuz naval mission
BY ROBIN EM M OTT
BRUSSELS: France, Italy and Den-
mark gave initial support for a Brit-
ish plan for a European-led naval
mission to ensure safe shipping
through the Strait of Hormuz, pro-
posed after Iran’s seizure of a Brit-
ish-flagged tanker, three senior
European Union (EU) diplomats
said on Tuesday.
The cautious backing at a meet-
ing of EU envoys in Brussels con-
trasts sharply with the lukewarm
response shown by European al-
lies to a similar American call first
voiced at North Atlantic Treaty Or-
ganizatio (Nato) in late June, when
‘Russia blames glitch for what South Korea
said was air intrusion’
BY HYONHEE SHIN & J OYC E LE E
SEOUL: South Korea said yesterday
that Russia blamed an equipment
malfunction for what it initially said
was an intrusion by a military air-
craft into South Korean airspace the
previous day, though Moscow later
disputed that any violation occurred.
A Russian military aircraft
entered airspace over an island
claimed by both South Korea and
Japan on Tuesday, during a long-
range joint air patrol by Russian
and Chinese aircraft, according to
South Korea and Japan, which both
scrambled fighter jets in response.
South Korean warplanes fired
flares and hundreds of warning shots
near the Russian aircraft, and the in-
cident triggered a round of diplomat-
ic protests by countries in the region.
After the incident, an uniden-
tified Russian military attache in
Seoul told South Korean officials
that the military plane appeared to
have “entered an unplanned area
Prime Minister Theresa May
is leaving Downing Street after a
three-year premiership that was
mired by crises over Brexit. She
travelled to Buckingham Palace to
formally tender her resignation to
Queen Elizabeth.
Johnson had an audience with
the queen who requested he form
an administration. His formal title
is “Prime Minister and First Lord
of the Treasury”.
He entered Downing Street in
the afternoon and is expected give a
speech before appointing key mem-
bers of the government — names
that could give a hint of how he
will handle Brexit, Britain’s most
significant decision in decades.
countries feared they could make
US-Iranian tensions worse.
“Britain’s request, rather than
Washington’s, makes it easier for
Europeans to rally round this,” one
senior EU diplomat said. “Freedom
of navigation is essential, this is
separate from the US campaign of
maximum pressure on Iran.”
Britain tested the idea to senior
EU diplomats at a meeting in Brus-
sels, saying it would not involve the
EU, Nato or the UK directly, the
diplomats said.
It was the first formal Europe-
an meeting since British foreign
minister Jeremy Hunt outlined the
plans to parliament on Monday to
Filepic of the type of Russian plane that South Korea says intruded into its airspace.
Photo by Reuters
due to a device malfunction”, said
Yoon Do-han, a press secretary at
South Korea’s presidential office.
“Russia has conveyed its deep
regret over the incident and said
its defence ministry would imme-
diately launch an investigation and
take all necessary steps,” Yoon said.
“The officer said such a situation
would have never occurred if it fol-
lowed the initially planned route.”
Russia’s defence ministry did
not immediately respond to re-
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
“Boris will build a cabinet
showcasing all the talents
within the party that truly
reflect modern Britain,” a
source close to Johnson said.
But “Prime Minister
Johnson” — known for his
ambition, mop of blonde hair,
flowery oratory and a cursory
command of detail — must
solve a series of riddles if he is
to succeed where May failed.
— Reuters
Johnson replaces May at one of
the most perilous junctures in
post-World War British history.
Photo by Reuters
protect the Strait, through which a
fifth of the world’s oil passes.
Britain raised the plan after last
Friday’s capture of the Stena Impero
tanker by Iranian commandos at sea.
British foreign ministry and de-
fence officials have also discussed
a possible mission, which would
likely involve not just ships but
aircraft too, directly with their Ital-
ian, Spanish, French and German
counterparts.
A senior German diplomat said
Foreign Minister Heiko Maas was
in close contact with his British and
French counterparts to “contribute
to the security” of the Gulf including
on maritime security. — Reuters
quests for comment.
Russia’s public statements on the
issue have not mentioned any tech-
nical problems, nor announced any
investigation or acknowledged a
violation of South Korean air space.
South Korea said that after ini-
tially admitting a possible mistake
and expressing regret on Tuesday,
Russian officials yesterday sent an
official document stating that its air-
craft did not violate any air space.
— Reuters
FBI’s Wray:
Russia intent
on interfering
with US polls
BY D O IN A C H IAC U
WASHINGTON: Russia is de-
termined to interfere in US
elections despite sanctions and
other efforts to deter such ac-
tions before the next presiden-
tial election in 2020, Federal
Bureau of Investigation (FBI)
director Christopher Wray said
on Tuesday.
“The Russians are absolute-
ly intent on trying to interfere
with our elections,” Wray said
during a Senate Judiciary Com-
mittee hearing.
Wray appeared at an over-
sight hearing a day before Rob-
ert Mueller, the former special
counsel, was due to testify pub-
licly before Congress about
his two-year investigation of
Russian interference to sway
the 2016 presidential race to-
ward President Donald Trump.
“Everything we’ve done
against Russia has not de-
terred them enough?” asked
Senator Lindsey Graham, the
Republican committee chair-
man. “All the sanctions, all the
talk, they’re still at it?”
“Yes. My view is until they
stop they haven’t been deterred
enough,” Wray responded.
Mueller’s investigation dis-
closed an elaborate campaign
of hacking and propaganda dur-
ing the 2016 presidential race
and resulted in indictments that
charged 25 Russian individuals
and three Russian companies.
As Wray confirmed the Rus-
sia threat remains, Democrats
criticised Republican Majority
Leader Mitch McConnell for
not taking up election securi-
ty legislation. McConnell has
said enough money was set
aside for security last year and
there was no need for extra
measures. — Reuters
THU R S DAY JU LY 25 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 21
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY L A KSHM I SEKHAR
WORK. LIFE. BALANCE
TONIGHT is the opening of a solo exhibi-
tion by Phornphop Sittiruk, presented by
A+ WORKS of ART in collaboration with
Numthong Gallery. Sittiruk’s inaugural solo
exhibit, Sometimes You Can Be Weak, is a se-
ries of objets d’art and sculptures from his
daily life and work. Curated by Eric Goh, this
series is a narrative of an individual coping
with depression and the reality of mental
illness. This emerging artist has exhibited his
scultural works all over Thailand since 2009,
influenced by his father who was a sculptor
contracted to build temples. The exhibition
is showing until Aug 30, from noon to 7pm at
A+ WORKS of ART, d6-G-8, d6 Trade Centre,
801 Jalan Sentul, Kuala Lumpur. For more
information, visit facebook.com/AplusArt.
asia, or to RSVP, call (018) 333 3399
HAVE a groovy weekend at Bobo KL with Elvira
Arul. This diva is capable of getting you on your
feet with anything she sings. Her genre is pop,
R&B and soul, giving you smooth tunes that
give your evening that little extra. Performing
today, tomorrow and on Saturday, the show
begins at 9.30pm. Tickets are priced at RM60
each (or RM45 for Bobo diners) tomorrow,
and RM80 (or RM65 for Bobo diners) on the
other two nights. Bobo KL is located at 65-
1, Jalan Bangkung, Bangsar, Kuala Lumpur.
For reservations, call (03) 2092 5002 or visit
facebook.com/BoboKualaLumpur
PUT on your dancing shoes and try a class
at PJLA. The Ceroc class — a combination
of salsa, swing, ballroom, rock n’ roll and
other dances — is an easy-to-learn dance
style that goes with any style of music. The
class emphasises fun and socialising, and
is a great experience even if you have no
dance experience. These sessions happen
every Thursday at 8.30pm and include a
class and a chance to practise some free-
style. A class and freestyle cost RM25, and
freestyle is RM18. To register, email ceroc.
msia@gmail.com
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
PHOTOS BY BLOOMBERG
THE NEW MINI COOPER SE
BMW’s next shot at the all-electric, daily driving market for the masses is positioned as a US$36,400 challenger to the Tesla Model 3, the current segment leader.
first purely electrically-powered MINI, ing modes, including Sport and Green,
The humble, all-electric though I do not expect you will notice right enhanced the experience as I twisted the
away — I certainly did not. The produc- MINI around the track; I selected them
daily driver is BMW’s tion version will offer three different trim via a switch located on the right side of
levels and a host of sporty colour mixes. the starting button.
best electric effort yet There will also be a distinctive sound While charging capacities went un-
created especially for the MINI Cooper SE, tested during the event — BMW says it
BY H ANNAH E LLI OTT generated via a speaker system that guar- can hit an 80% charge in 35 minutes — I
R
antees “an acoustic presence on the road can, however, vouch that the regenerative
ecently, after the first day of that is typical of MINI”, as BMW puts it. braking on the MINI Cooper SE is much
Formula E races in Brook- improved over the nausea-inducing ver-
lyn, New York’s Red Hook The performance sion I suffered in an earlier prototype
section, when the heat had That evening in Brooklyn, I did not hear years ago. Where those were so abrupt
so baked into the city’s as- anything. Due to the controlled nature it felt like whiplash every time I lifted my
phalt it felt like the inside of the session — it was a lead-and-follow foot off the gas, these were almost smooth.
of a cast-iron pot, I, too, was able to exercise with a few fellow journalists — I What’s more, you can adjust the
get behind the wheel of the future: The cannot speak to the day-to-day nature of amount of braking regeneration (the
all-electric MINI Cooper SE. this little beaut. But the 181-horsepower level of abruptness) you want to deal
BMW Group’s next shot at the all-elec- front-wheel drive coupe has the accel- with on any given drive by playing with
tric, daily driving market for the masses eration (zero to 62mph [99.78kph] in 7.3 the toggle switch positioned to the left of
— its 2013 release of the i3 city car was an seconds), a low centre of gravity, and the start/stop switch. It means you can
underpowered flop — is positioned as a intense agility of a go-kart — even if the drive with just one foot, if you want, al-
US$36,400 (RM149,968) challenger to the top speed is limited to a paltry 93.2mph. lowing the car to slow and even stop by
Tesla Model 3, the current segment leader. I can hit that on my buddy’s Vespa. just letting off the gas.
I drove a near-production prototype Speed aside, I liked how the 135kW All this with a battery range of 168
for some laps on the 2.5-mile (4.02km) battery sits deep in the car, so there are miles, so the electric MINI Cooper SE
track built to host the Formula E cars all no obstructions along the bottom centre heralds the electrified vehicle most fea-
weekend and can safely report: It’s a MINI. of the floor, and the luggage compartment sible as a daily driver yet from a BMW
It is neither imposing to behold nor bold at the back is just as welcoming and spa- Group brand. It will go on sale in early
from behind the wheel. What you expect cious as that of any other MINI. Four driv- 2020. — Bloomberg
is what you get, minus a bill at the pump.
The looks
With its endearing round headlights, the
miniature two-door, rear-hatch body,
and the friendly flat roof of every MINI
you have come to know and love, the
brand-new electric MINI Cooper SE is
as familiar as ever, down to the premi-
um accoutrements that come standard:
LED headlamps, multi-zone automatic
air conditioning, auxiliary heating, elec-
tric parking, and connected navigation
looped through a futuristic central and
very MINI-esque round touchscreen.
Some differences: The body of the new
MINI Cooper sits 18mm higher than its
counterparts due to some engineering
requirements for placement of the electric The brand-new electric MINI Cooper SE is as familiar as ever, down to the LED headlamps, multi-zone
battery and motor. It has short overhangs automatic air conditioning, auxiliary heating, electric parking, and connected navigation looped through a
and widely-set wheels to set it apart as the futuristic central and very MINI-esque round touchscreen.

THU R S DAY JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
WATCHES BY JACK FORSTER
This ingenious moonphase display is watch wonkiness at its finest
FERDINAND Berthoud (the brand is a
member of the Chopard Group, along with
Chopard itself, as well as Fleurier Ebauches
SA) was originally launched in 2015, when
its first watch, the laconically named FB 1,
was introduced.
That watch was inspired by the design,
as well as some of the technical features,
of marine chronometers and it included,
in addition to an unusual central seconds
hand directly driven by the tourbillon cage,
a chain-and-fusee mechanism for provid-
ing unvarying torque throughout the run-
ning time of the watch (a standard feature
in boxed marine chronometers) as well as
a number of other interesting features, in-
cluding a conical power reserve indicator.
The case was inspired by the gimballed
boxes in which marine chronometers were
housed on board the ships which used
them as essential navigation instruments,
and the overall design seemed pleasant-
ly harmonious — my first impression of
the watch was that for all its complexity,
it was surprisingly easy to wear, and that
impression was reinforced in 2017, when
I finally had an opportunity to wear one
for A Week On The Wrist.
The number of watches produced each
year at Ferdinand Berthoud is quite low,
with the original FB 1 produced in a lim-
ited run of 50 pieces in either white gold
or titanium, and correspondingly small
numbers for follow-ups. The original FB
1 was critically very well received, win-
ning the Aiguille d’Or (first prize for the
best watch of the year) at the 2016 Grand
Prix d’Horlogerie de Genève. Subsequent
variations of the FB 1 take the same basic
movement and design as a starting point,
but introduce new design elements; the
FB 1.4, for example, omits the sapphire
windows built into the case flanks of ear-
lier versions, but adds movement bridges
made of sapphire, which allow the owner
to better appreciate the complexity of the
mechanism, and to more easily see the
relationship between the various motive
elements, including the fusee, barrel and
the tourbillon itself.
The FB 1L is the first Ferdinand Berthoud
watch to feature a complication (strictly
speaking, things like fusees and tourbil-
lons are not, at least if you are a persnick-
ety traditionalist about watch terminology,
complications, but are instead considered
regulating devices). The FB 1L shows the age
and phase of the moon — the two terms are
related but distinct; the phase of the moon is
defined as the shape of the sunlit portion of
the lunar disk, while the age is the number
of days since the last new moon.
These two pieces of information are
shown by a hand that points to a sector
on the dial that shows the current moon-
phase, and which also counts up the num-
ber of days since the last new moon (up
to 14) and then counts down again. The
hand is driven by a rack-and-gear system
(a “feeler-spindle” as FB calls it) with the
nose of the rack riding against a cam the
diameter of the entire dial — the display
is extremely accurate, accumulating only
one day’s error in 577 years. In order to
avoid confusion as to whether the moon
is waxing or waning, a second window on
the dial, located between 4.00 and 5.00
(approximately), lets you easily see if the
moonphase hand is rising or returning.
The watch will be made in two versions
— the Far Side Of The Moon version (FB
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
FB 1L, in white gold, with display for the age and
phase of the moon.
FB 1L, movement side: The selector switch (lower
left) allows the user to set either the moonphase
and age indication, or the time.
1.L4) shows the far side of the moon on the
dial, and is made of sandblasted white gold,
with lugs and side elements of ceramised
titanium. The Near Side Of The Moon (FB
1L.1) is in white gold, with black ceramic
lugs, and shows the side of the moon visible
from earth (as the moon is tidally locked
in its orbit, the same side always faces us).
Initial thoughts
For a company which takes its inspiration
from the life and work of the famous French
chronometer pioneer, Ferdinand Berthoud
(1727-1807), the moonphase complication
seems a natural one to explore. During
Berthoud’s lifetime, a number of different
systems for calculating the longitude were
tried, and one was the system of “lunar
distances” based on using observations
of the angular distance between the moon
and another celestial object.
Making such observations accurately
was a significant challenge (I still remem-
ber struggling, one hot summer afternoon
on someone else’s boat a few years ago, to
PHOTOS BY HODINKEE
Moonphase and age indications.
The Near Side Of The Moon version.
learn how to use a sextant) and one in-
strument used to refine the precision of
such observations was a double-telescope
apparatus known as a repeating circle —
sometimes called a Cercle de Borda, af-
ter Jean-Charles de Borda (1733-1799),
the French mathematician, scientist and
navigation pioneer who invented it. De
Borda was a contemporary of Berthoud’s
and used his chronometers, most notably
during a voyage on the frigate La Flore, in
1777. The system of lunar distances was
eventually superseded as marine chronom-
eters became more and more accurate,
but the two methods coexisted for many
decades and navigators were expected to
know both, as the accuracy of a marine
chronometer could be checked against the
lunar-distance method, which could also
function as a backup system of navigation
should the chronometer stop working or
otherwise malfunction.
The connection between Berthoud and
de Borda is something the company, Fer-
dinand Berthoud, made much of on the
release of the FB 1L, but it is a logical con-
nection to make if you are going the his-
toric inspiration route at all and I give the
company a lot of credit for handling the
complication in a considered fashion.
A standard moonphase display, however
accurate, simply does not feel particularly
accurate — or perhaps I should say, to be
more precise, that it does not situate you
with respect to the cycles of the lunar disk
in a particularly intuitive fashion. With this
version of the moonphase display (for which
Ferdinand Berthoud has a patent) you get,
once you have adjusted to reading the dis-
play, a direct sense of where the moon is in
its cycles and in its orbits around the earth.
It is much more elaborate than a conven-
tional display (or a spherical moonphase)
but then, this kind of fits the notion of using
lunar distances to calculate the longitude,
which was theoretically as accurate, but
much more difficult and complex, than
just using an accurate sea-clock to calcu-
late the angular distance from Greenwich.
It is also, in its implementation, very
live it! 23
The basics
Brand: Ferdinand Berthoud
Model: FB 1L
Diameter: 44mm
Thickness: 13.95mm
Case material: White gold with sap-
phire windows in case flank; ceramic
lug elements
Dial: Rhodium-plated brass; moon plate
in rhodium-plated sandblasted brass
Water resistance: 30m
Strap/bracelet: Hand-stitched rolled
edge alligator leather, white gold dou-
ble-folding clasp (pin buckle available
on request).
The movement
Calibre: FB-T.FC.L
Functions: Hours, minutes and centre
seconds; age and phase of the moon
Diameter: 37.3mm
Thickness: 9.38mm
Power reserve: 53 hours
Winding: Manual
Frequency: 21,600vph
Jewels: 55
Chronometer certified: yes; COSC
Additional details: “Suspended” fusee
cone and mainspring barrel; one min-
ute tourbillon with titanium carriage,
poised with 18k gold inertia blocks; di-
rect drive centre seconds driven off the
tourbillon cage; adjustable mass, free-
sprung balance with Phillips outer ter-
minal curve (overcoil). Power reserve
on the back of the movement; Swiss
lever escapement; rhodium-plated
German silver half-bridges on titani-
um pillars.
Pricing and availability
Price: 265,000 Swiss francs or RM1.11
million (FB 1L.1, white gold); 250,000
Swiss francs (FB 1L.4, titanium)
Availability: Not yet announced
Limited edition: 10 pieces in each
metal
For more, visit ferdinandberthoud.ch.
much a celebration of the pleasure watch
enthusiasts, and lovers of mechanics in
general, take in mechanics as an end in
itself. The cam, rack and gear system is en-
joyable to watch in operation, and designed
in a way very much in harmony with the
rest of the watch and like the tourbillon, the
direct drive centre seconds and the chain-
and-fusee system, it is both unnecessary
and clever at the same time, as well as a
tangible connection to antiquated but still
interesting practices in navigation. And,
despite the complexity of the watch, Fer-
dinand Berthoud recognises that a watch
ought not to be uncomfortable to wear,
at least occasionally — while the 44mm
diameter seems a bit daunting as a raw
number, the watch is still relatively flat for
a timepiece with a chain-and-fusee mech-
anism at 13.95mm (this is partly thanks
to the “hanging” mainspring barrel and
fusee cone, which like a flying tourbillon
are attached only to the mainplate, with
no additional bridge to add thickness to
the watch). — Bloomberg
This article was originally published on
Hodinkee.
2 4 S P O RT S
Tokyo 2020 medals unveiled
IOC president hails Japan capital as best prepared city ahead of Olympics
BY JACK TARRANT
TOKYO: The medals for the Tokyo
2020 Olympics were unveiled yes-
terday with exactly one year to go
until next year’s Games.
The unveiling of the medals, de-
signed by Junichi Kawanishi, was
the main attraction of an extrava-
gant ceremony in the Japanese cap-
ital to commemorate the landmark.
The event was attended by Inter-
national Olympic Committee (IOC)
president Thomas Bach and Japa-
nese Prime Minister Shinzo Abe.
The medals, which are 85mm in
diameter, feature Greek goddess of
victory Nike in their design along
with the Olympic symbol and are
made from recycled metals, col-
lected from 6.21 million electronic
devices donated across Japan.
Abe said he hopes next year’s
Games would have a similar im-
Vettel to face his demons
and F1 rivals on return
to Hockenheim
BY A B HI SH EK TA K L E
HOCKENHEIM: Sebastian Vettel
will be battling his demons as well
as his Formula One (F1) rivals
when the Ferrari driver returns
to Hockenheim this weekend for
his home German Grand Prix.
Last year’s race at the 4.5km
circuit, just half an hour away
from Vettel’s hometown Hep-
penheim, is where it all began to
go wrong for the four-time world
champion.
The German was poised to ex-
tend his championship lead over
Mercedes rival Lewis Hamilton,
who had started 14th, with an
easy win in front of his home fans
from pole position when a sudden
shower washed away his hopes.
Vettel crashed out as Hamilton
came through to win and seize
a lead he would never give up.
It was the most high-profile of
several mistakes that undid the
German’s championship bid last
Vettel in action before he crashed out during the German Grand Prix at the
Hockenheimring circuit in Hockenheim, Germany on July 22, 2018. Photo by epa
pact as the 1964 Summer Games
held in Tokyo.
“Sports brings the world together
and it affords equal opportunities
to all. That is what sports is about,”
said Abe. “Fifty-five years ago, we
year and surely the most painful.
The errors have continued this
season, most recently in Britain
where he ran into the back of Max
Verstappen’s Red Bull.
Vettel now risks being up-
staged by younger teammate
Charles Leclerc, who has already
had more podiums, poles and
fastest laps this season and is
only three points adrift.
“We have to make up for last
year, especially myself, and I look
forward to racing in Hockenheim,”
said Vettel, 32, of a race that marks
the season’s halfway stage. “The
atmosphere is always phenome-
nal and the crowd is great.”
Ferrari last won in Hocken-
heim in 2012 with Spaniard Fer-
nando Alonso.
Vettel, who got his first taste of
F1 at the track watching boyhood
idol Michael Schumacher drive
around in his Benetton on a wet
Friday of practice, has never won
there. — Reuters
learned that when we hosted it in
Tokyo.
“Next year, we want to demon-
strate that again and we want this
to be an opportunity where we can
do that.”
Newcastle sign Joelinton from
Hoffenheim in club-record deal
BY ALAN BALDWI N
LONDON: Newcastle United have
signed Brazilian forward Joelin-
ton (pic) from Bundesliga side
Hoffenheim on a six-year deal for
a club-record fee, the Premier
League team announced on
Tuesday.
No financial details were dis-
closed but British media put the
fee in the region of £40 million
(RM206 million).
The 22-year-old is the
club’s first signing of the
transfer window and the
first under new manag-
er Steve Bruce, who
replaced the de-
parted Rafa Ben-
itez this month.
Spaniard Ben-
itez left when his
contract expired at
the end of June, saying those
at the top of the north-east
club did not share his vision.
“I know it’s a large invest-
ment that the club have made
in me, and that comes with a
huge responsibility,” Joelin-
ton was quoted as saying on
the club website. “I’m high-
ly motivated and hope to
give back on the pitch.”
Newcastle’s previous
record transfer fee was
the £20 million they spent
on Paraguay playmaker
Miguel Almiron from Ma-
jor League Soccer side At-
lanta United in January.
Newcastle, who fin-
ished 13th last season,
begin the Premier
League campaign
with a home game
against Arsenal on
Aug 11. — Reuters
T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
(From left) Tokyo 2020 silver, gold
and bronze medals being unveiled
at a ceremony held at the Tokyo
International Forum in Tokyo, Japan
yesterday. Photo by Reuters
Bach reiterated that Tokyo is
the best prepared city he has ever
seen ahead of an Olympic Games.
“It will be a wonderful and
unique moment for our gracious
Japanese hosts, for you to show
the world the best of Japan,” add-
ed Bach.
Organisers believe they are on
track to deliver a world-class sport-
ing event next year and with 3.22
million tickets already sold and
over 200,000 people applying to be
volunteers, engagement in Japan is
unprecedented. — Reuters
EPA
IN BRIEF
NBC sees Tokyo 2020
ad sales breaking
US$1.2b Rio record
NEW YORK: NBC expects
to hit a record for advertis-
ing sales during the Summer
Olympic Games next year in
Tokyo, Japan, surpassing the
US$1.2 billion in commercials
it sold for the 2016 Rio Games.
Dan Lovinger, the executive
vice-president for advertis-
ing sales at NBC Sports, said
the company is “significantly
ahead” of where it was at this
point four years ago. The Rio
Games reaped the highest ad
sales ever for an Olympics, he
said. Lovinger said the strong-
est categories so far include
cars, travel, beverage, technol-
ogy and financial services. He
added that NBC is getting inter-
est from Japanese companies
that typically do not advertise
in the US. — Bloomberg
Fraser: Swimming body
Fina needs to crack down
on ‘drug cheat’ Sun Yang
SYDNEY: Chinese swimmer
Sun Yang is a “drug cheat” who
should not be competing at
the world championships and
governing body Fina needs to
“get off their backsides” to pro-
tect clean athletes, Australian
swimming great Dawn Fraser
has said. Fraser, who won the
100m freestyle at three dif-
ferent Olympics from 1956 to
1964, told reporters yesterday
in Sydney, Australia that Fina
should never have allowed Sun
to compete in Gwangju, South
Korea. “He’s got a Court of
Arbitration [of Sport case] in
September and I feel that Fina
should have stepped him down
until that court case is over,”
Fraser said. — Reuters
Haddad Maia gets
ban after failing
dope test — ITF
BENGALURU: Brazil’s top-
ranked women’s tennis play-
er Beatriz Haddad Maia has
been provisionally suspended
after failing a drug test, the In-
ternational Tennis Federation
(ITF) has said. Haddad Maia,
the world No 99, provided a
sample for testing on June 4
during the Croatia Open that
was found to contain selective
androgen receptor modulators
(SARMs). SARMs, which have
similar properties to anabolic
steroids, are prohibited by the
World Anti-Doping Agency.
— Reuters
MFL plans to abolish
chairman’s post — CEO
KUALA LUMPUR: Malaysian
Football League (MFL) chief
executive officer (CEO) Kevin
Ramalingam confirmed yester-
day that MFL is not ruling out
the possibility of abolishing the
chairman’s post in its restruc-
turing plans. He said the pro-
posal to abolish the MFL chair-
man post was contained in the
MFL Next50 Strategic Blueprint
2021-2070. He claimed MFL
chairman Tunku Ismail Sultan
Ibrahim had consented to the
restructuring. — Bernama
THU R S DAY JU LY 25 , 20 1 9 • T H EED 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)
0.763 0.410 0.455 0.450 8966 PRLEXUS 0.455 0.005 114.5 0.453 — 3.30 82.1
Sectorial Movement 0.315 0.195 0.205
0.920 0.686 0.800
0.200
0.765
0186
7134
PTRANS
PWF
0.205
0.800
0.005
0.020
1663.8
141.8
0.201
0.775
7.79
9.88
4.63
3.75
291.7
139.2
1.890 1.332 1.890 1.840 7237 PWROOT 1.870 0.030 1162.6 1.866 25.86 4.28 753.3
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 7.630 5.752 6.840 6.760 7084 QL 6.800 0.020 231.7 6.815 50.94 0.66 11,032.6
FBM KLCI 1,652.41 -3.26 -0.20 CONSTRUCTION 224.30 -0.34 -0.15 0.480 0.340 — — 9946 REX 0.390 — — — — — 96.2
0.265 0.190 0.215 0.210 0037 RGB 0.210 -0.005 1147.9 0.211 9.09 3.33 324.7
FBM ACE 4,767.53 17.36 0.37 CONSUMER PRODUCTS & SERVICES 687.13 6.52 0.96 0.845 0.652 0.745 0.730 5278 RHONEMA 0.730 UNCH 45 0.736 14.69 4.11 133.3
FBM TOP 100 11,576.38 -22.75 -0.20 ENERGY 1,123.75 12.78 1.15 0.612 0.281 0.470 0.445 0183 SALUTE 0.450 -0.015 2210 0.460 — 5.33 174.6
FBM EMAS 11,756.54 -19.11 -0.16 FINANCIAL SERVICES 16,419.87 -84.65 -0.51 0.490 0.140 0.350 0.340 9113 SANBUMI 0.345 0.005 1985.2 0.345 — — 85.9
0.390 0.165 0.195 0.185 5252 SASBADI 0.185 -0.005 1213.8 0.190 108.82 — 77.5
FBM MID 70 14,864.34 -28.93 -0.19 HEALTH CARE 1,286.83 -0.64 -0.05 0.475 0.260 — — 5157 SAUDEE 0.285 — — — — — 39.0
FBM MIDS CAP 14,592.18 64.18 0.44 INDUSTRIAL PRODUCTS & SERVICES 154.39 -1.41 -0.91 0.675 0.577 0.630 0.630 9792 SEG 0.630 UNCH 135 0.630 16.62 4.37 796.7
FBM SMALL CAP 13,779.40 82.10 0.60 PLANTATION 6,804.91 -4.54 -0.07 1.560 1.199 1.470 1.440 5250 SEM 1.450 UNCH 149.5 1.445 31.12 1.66 1,788.4
0.645 0.440 0.580 0.465 7180 SERNKOU 0.570 0.110 2122.2 0.523 14.81 — 136.8
FBM FLEDGLING 14,939.90 18.18 0.12 PROPERTY 885.15 1.19 0.13 5.936 5.195 5.470 5.430 5517 SHANG 5.430 -0.060 5.1 5.431 35.58 2.76 2,389.2
FTSE4GOOD BURSA M’SIA 926.15 -3.48 -0.37 REAL ESTATE INVESTMENT TRUSTS 1,005.36 1.79 0.18 0.815 0.430 — — 7412 SHH 0.450 — — — — — 22.5
FBM PALM OIL PLANTATION MYR 12,160.17 -14.54 -0.12 TECHNOLOGY 34.80 0.08 0.23 0.649 0.315 0.510 0.510 7246 SIGN 0.510 UNCH 29 0.510 — 2.94 122.6
2.663 2.022 2.200 2.180 4197 SIME 2.180 UNCH 7004.7 2.186 15.91 2.75 14,825.8
FBM EMAS SHARIAH 12,133.26 -34.03 -0.28 TELECOMMUNICATION & MEDIA 726.91 -2.62 -0.36 0.530 0.195 0.210 0.210 8532 SINOTOP 0.210 -0.010 13.9 0.210 24.42 — 82.9
FBM HIJRAH SHARIAH 13,469.38 -72.98 -0.54 TRANSPORTATION & LOGISTICS 791.37 -1.56 -0.20 0.370 0.105 0.180 0.165 9776 SMCAP 0.175 UNCH 138.3 0.167 — — 37.4
0.310 0.210 — — 7943 SNC 0.240 — — — — — 15.8
FBM MIDS CAP SHARIAH 14,039.83 72.96 0.52 UTILITIES 1,005.54 -6.84 -0.68
0.345 0.200 0.285 0.285 5242 SOLID 0.285 UNCH 5 0.285 77.03 0.70 111.8
2.388 1.965 2.230 2.230 7103 SPRITZER 2.230 -0.040 3 2.230 18.60 1.57 468.3
0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6

Bursa Malaysia Main Market 0.820 0.500 0.725

0.347 0.175 0.195
0.420 0.270 —
0.695
0.195
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.720
0.195
0.280
0.020
UNCH
—
1456.1
32.7
—
0.709
0.195
—
—
—
—
—
6.41
—
131.3
120.8
22.4
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.756 1.313 1.480 1.460 4405 TCHONG 1.460 UNCH 26.7 1.470 8.10 2.74 981.1
1.550 0.695 1.080 1.020 7439 TECGUAN 1.070 0.030 35.3 1.033 5.11 — 42.9
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.335 0.210 0.305 0.285 7200 TEKSENG 0.305 0.020 418.4 0.300 — — 106.2
CONSUMER PRODUCTS & SERVICES 1.391 0.697 1.180 1.150 7252 TEOSENG 1.170 UNCH 1387.5 1.160 7.65 4.70 351.0
0.985 0.700 0.905 0.885 0012 3A 0.890 -0.015 192.4 0.896 12.64 2.25 437.9 1.090 0.866 — — 9369 TGL 1.010 — — — 6.32 4.95 41.1
0.380 0.205 0.230 0.225 5238 AAX 0.230 0.005 5211.6 0.226 — — 954.1 0.588 0.440 — — 7230 TOMEI 0.455 — — — 12.36 2.20 63.1
0.490 0.300 0.400 0.370 7120 ACOSTEC 0.400 0.015 8.2 0.390 — — 77.8 0.460 0.300 0.380 0.380 7176 TPC 0.380 0.005 5 0.380 9.74 — 88.8
2.348 1.345 1.790 1.770 6599 AEON 1.780 0.020 1717.8 1.781 22.76 2.25 2,499.1 6.197 4.177 5.440 5.340 4588 UMW 5.360 0.010 666.2 5.383 12.28 1.40 6,262.1
0.255 0.115 0.150 0.145 7315 AHB 0.145 -0.005 271 0.146 15.26 — 25.5 2.315 1.977 2.220 2.220 7757 UPA 2.220 UNCH 2 2.220 19.51 3.60 176.7
2.428 2.100 2.150 2.110 7090 AHEALTH 2.110 -0.020 57.9 2.115 17.42 1.60 994.1 1.000 0.770 0.900 0.885 7240 VERTICE 0.900 UNCH 92.9 0.887 — — 169.9
3.152 1.914 2.890 2.860 5099 AIRASIA 2.860 -0.010 12767 2.870 10.38 8.39 9,558.0 1.349 0.910 1.020 1.000 7203 WANGZNG 1.020 -0.050 26.8 1.006 16.27 3.92 163.2
22.300 17.100 17.380 17.180 2658 AJI 17.380 0.200 6 17.23 18.67 2.68 1,056.7 2.306 2.021 2.130 2.130 5016 WARISAN 2.130 UNCH 1.1 2.130 21.85 1.88 143.1
7.272 5.436 6.130 6.080 6351 AMWAY 6.100 UNCH 9.1 6.104 17.54 3.28 1,002.8 0.210 0.070 0.090 0.085 5156 XDL 0.090 UNCH 7981.6 0.090 10.98 — 162.4
0.030 0.010 0.015 0.010 5194 APFT 0.015 UNCH 932.7 0.015 1.22 — 20.1 0.560 0.380 — — 7121 XIANLNG 0.410 — — — — — 32.8
4.196 3.550 — — 6432 APOLLO 4.000 — — — 18.17 5.00 320.0 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
0.185 0.105 0.145 0.140 1481 ASB 0.145 0.005 614 0.140 — 1.72 134.7 2.34 1.769 2.180 2.180 5584 YEELEE 2.180 UNCH 24.5 2.180 11.89 1.83 417.7
0.626 0.325 — — 7722 ASIABRN 0.520 — — — 13.44 — 121.0 1.249 0.924 1.090 1.060 5159 YOCB 1.080 UNCH 115.2 1.077 6.84 4.17 172.8
2.738 2.316 2.450 2.400 7129 ASIAFLE 2.430 UNCH 47.7 2.409 9.91 6.17 473.3 3.272 2.210 2.490 2.450 7178 YSPSAH 2.450 -0.010 13.3 2.466 11.88 2.86 342.0
4.800 3.920 4.320 4.200 7048 ATLAN 4.200 -0.100 12.2 4.218 26.91 3.57 1,065.3 1.680 1.149 1.670 1.640 5131 ZHULIAN 1.640 -0.020 92.9 1.656 12.25 4.88 754.4
0.325 0.130 0.150 0.150 8885 AVI 0.150 UNCH 85 0.150 — — 128.8 INDUSTRIAL PRODUCTS & SERVICES
0.170 0.160 0.170 0.170 0301 BABA 0.170 UNCH 50 0.170 — — 38.2 0.120 0.070 0.085 0.080 7086 ABLEGRP 0.085 UNCH 39 0.081 — — 22.4
37.739 26.900 30.200 29.900 4162 BAT 30.080 0.100 232 30.05 18.63 5.05 8,588.7 0.580 0.350 — — 7191 ADVENTA 0.440 — — — — — 67.2
2.780 1.659 2.610 2.560 5248 BAUTO 2.580 -0.010 3452.9 2.586 11.29 5.52 3,001.4 2.058 1.740 — — 9148 ADVPKG 1.740 — — — 72.80 3.45 35.7
1.799 1.264 1.600 1.560 5196 BJFOOD 1.560 -0.020 48.9 1.578 21.82 2.56 596.1 0.155 0.080 0.100 0.100 7146 AEM 0.100 UNCH 20 0.100 — — 32.9
0.305 0.165 0.180 0.165 4219 BJLAND 0.170 UNCH 11501.5 0.172 4.66 — 850.1 0.740 0.380 — — 5198 AFUJIYA 0.505 — — — 30.79 — 90.9
2.780 1.908 2.720 2.690 1562 BJTOTO 2.690 -0.010 299.6 2.698 13.10 5.95 3,634.3 0.335 0.200 0.250 0.225 2682 AISB 0.225 UNCH 3.2 0.237 — — 32.5
0.360 0.205 0.310 0.300 9288 BONIA 0.305 0.005 286 0.301 20.89 — 245.9 0.640 0.475 0.490 0.485 7609 AJIYA 0.485 UNCH 50.4 0.487 5.93 2.06 147.7
0.385 0.055 0.150 0.135 9474 BRAHIMS 0.135 -0.015 2140.9 0.146 — — 31.9 0.895 0.420 — — 2674 ALCOM 0.530 — — — 34.42 — 71.2
0.972 0.491 0.515 0.500 7174 CAB 0.500 UNCH 440.2 0.503 15.02 1.00 328.7 1.391 0.920 — — 7083 ANALABS 1.050 — — — 30.00 1.90 126.1
0.639 0.365 0.370 0.370 7154 CAELY 0.370 UNCH 23 0.370 39.78 1.35 60.5 0.682 0.440 0.475 0.475 4758 ANCOM 0.475 0.005 5 0.475 8.54 — 114.4
0.310 0.210 — — 7128 CAMRES 0.225 — — — 16.19 — 44.3 2.095 1.110 1.590 1.550 6556 ANNJOO 1.550 UNCH 669.8 1.568 10.20 7.74 867.9
2.000 1.500 1.950 1.950 5245 CARING 1.950 UNCH 7.6 1.950 19.84 2.56 424.5 0.055 0.030 0.040 0.035 9342 ANZO 0.040 0.005 142 0.039 — — 35.2
26.790 16.463 24.960 24.700 2836 CARLSBG 24.800 UNCH 60.5 24.78 26.71 3.08 7,582.6 0.880 0.500 — — 5568 APB 0.575 — — — — — 64.9
2.180 1.300 1.350 1.310 2925 CCB 1.350 0.030 69.7 1.315 6.59 — 136.0 3.603 2.613 2.650 2.640 5015 APM 2.650 0.010 10.1 2.650 16.20 4.53 534.2
0.925 0.355 0.540 0.530 7035 CCK 0.530 UNCH 552 0.535 16.01 2.36 334.3 0.630 0.469 0.520 0.515 7214 ARANK 0.520 0.005 10 0.518 7.18 4.46 88.2
0.495 0.270 0.300 0.290 7209 CHEETAH 0.290 -0.010 9.5 0.298 14.43 1.38 37.0 0.605 0.149 0.480 0.445 7181 ARBB 0.455 0.015 18816 0.462 3.88 — 73.4
1.983 1.210 1.400 1.380 2828 CIHLDG 1.400 0.040 5.5 1.383 10.66 7.14 226.8 0.951 0.581 0.680 0.675 7162 ASTINO 0.675 UNCH 24.9 0.679 8.94 1.48 185.0
0.095 0.060 0.070 0.070 5104 CNI 0.070 UNCH 205 0.070 — 4.29 50.4 1.880 1.380 1.560 1.450 8176 ATAIMS 1.460 -0.010 3034 1.492 14.85 2.25 1,758.4
0.065 0.030 0.030 0.030 5188 CNOUHUA 0.030 UNCH 13.1 0.030 — — 20.0 0.885 0.480 0.485 0.480 7099 ATTA 0.485 0.005 10.5 0.480 14.31 — 103.5
2.376 1.800 1.900 1.850 7205 COCOLND 1.850 -0.030 11.1 1.881 13.75 3.24 423.3 0.918 0.616 0.715 0.705 7579 AWC 0.710 0.005 235.9 0.709 8.04 1.06 210.4
0.085 0.005 — — 0301 CRG 0.050 — — — 13.89 — 40.3 0.425 0.300 0.320 0.310 5021 AYS 0.320 UNCH 55.1 0.316 7.73 6.25 121.7
1.472 1.010 1.050 1.030 7202 CSCENIC 1.040 UNCH 43.1 1.030 16.38 5.77 125.3 1.438 1.120 1.270 1.250 8133 BHIC 1.270 UNCH 1.1 1.268 — 2.76 315.5
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.515 0.260 0.420 0.350 7005 BIG 0.350 0.010 35.7 0.386 8.56 — 16.8
0.540 0.400 — — 9423 CWG 0.450 — — — 13.89 3.33 56.8 0.195 0.110 0.130 0.125 6998 BINTAI 0.130 UNCH 151.5 0.128 108.33 — 37.6
0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 1546.7 0.030 — — 80.3 0.325 0.245 0.260 0.255 3395 BJCORP 0.260 UNCH 3640.5 0.260 866.67 — 1,355.9
1.050 0.915 — — 7119 DEGEM 1.020 — — — 100.0 0.98 136.7 0.739 0.500 0.670 0.650 0168 BOILERM 0.650 0.020 132.4 0.662 12.60 3.08 335.4
3.835 2.062 2.650 2.610 5908 DKSH 2.640 0.040 16 2.643 12.55 3.79 416.2 0.070 0.040 0.045 0.045 7036 BORNOIL 0.045 UNCH 3964.9 0.045 — — 240.3
66.276 58.442 64.200 63.500 3026 DLADY 64.000 UNCH 11.5 64.00 31.71 1.56 4,096.0 1.350 0.865 — — 6297 BOXPAK 1.100 — — — — — 132.1
1.430 0.898 1.430 1.390 7148 DPHARMA 1.400 -0.020 492.9 1.406 17.95 3.93 926.6 1.128 0.833 1.040 1.000 5100 BPPLAS 1.000 UNCH 25.7 1.014 8.87 5.50 187.7
2.670 1.600 2.670 2.540 1619 DRBHCOM 2.640 0.140 25342.9 2.626 41.51 1.14 5,103.7 0.230 0.140 0.190 0.175 9938 BRIGHT 0.185 0.010 51.7 0.182 — — 38.0
0.190 0.075 0.110 0.100 2097 EASTLND 0.110 0.005 325.6 0.105 — — 32.4 0.475 0.260 0.345 0.340 7221 BSLCORP 0.345 -0.025 10 0.343 — — 33.8
0.665 0.527 — — 5081 EIG 0.600 — — — 14.46 5.00 142.3 2.355 0.995 1.130 1.120 2771 BSTEAD 1.130 0.010 369.4 1.124 — 4.42 2,290.5
0.080 0.035 0.050 0.050 7182 EKA 0.050 UNCH 92 0.050 — — 15.6 0.190 0.070 — — 7188 BTM 0.110 — — — — — 15.5
0.235 0.150 0.180 0.170 9091 EMICO 0.170 -0.005 110 0.171 32.08 — 17.9 3.941 1.807 3.420 3.340 5105 CANONE 3.340 -0.040 111.1 3.368 4.86 1.20 641.8
1.108 0.820 — — 7149 ENGKAH 1.030 — — — 10.79 5.83 72.9 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.195 0.155 — — 0302 ETH 0.190 — — — — — 46.7 1.393 0.910 0.950 0.910 7076 CBIP 0.930 0.020 986.3 0.928 13.90 4.30 500.6
0.250 0.095 0.105 0.100 7208 EURO 0.105 UNCH 165.1 0.103 — — 28.1 2.168 1.499 1.970 1.960 2879 CCM 1.960 -0.010 119.5 1.969 14.97 3.06 328.7
0.740 0.320 0.340 0.340 7094 EUROSP 0.340 UNCH 5 0.340 — — 15.1 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1
39.298 28.688 34.500 34.080 3689 F&N 34.160 -0.080 281.4 34.43 30.33 1.68 12,529 0.290 0.260 — — 0302 CETECH 0.285 — — — 17.70 — 98.6
0.959 0.640 0.640 0.640 2755 FCW 0.640 UNCH 0.4 0.640 256.0 15.63 160.0 1.360 0.900 — — 8044 CFM 1.140 — — — — — 46.7
0.543 0.428 — — 6939 FIAMMA 0.475 — — — 7.13 4.74 251.8 0.880 0.420 — — 8052 CGB 0.595 — — — — 1.63 53.6
0.523 0.277 0.365 0.365 8605 FIHB 0.365 UNCH 8 0.365 5.46 — 39.8 0.460 0.300 0.310 0.300 7187 CHGP 0.310 UNCH 211 0.300 26.96 — 92.1
1.955 1.247 1.710 1.690 9172 FPI 1.710 0.020 87.8 1.696 11.15 5.85 423.0 0.910 0.618 0.795 0.780 5273 CHINHIN 0.790 UNCH 212.1 0.789 18.54 3.80 439.5
2.320 0.680 2.320 2.180 7184 G3 2.230 0.030 250 2.259 — — 923.7 1.945 1.407 1.830 1.830 5007 CHINWEL 1.830 0.030 0.1 1.830 8.42 4.70 548.1
4.217 1.716 3.780 3.680 5102 GCB 3.710 0.040 888.3 3.749 8.69 0.40 1,781.4 2.170 1.410 1.510 1.480 5797 CHOOBEE 1.500 -0.020 4.6 1.492 9.14 3.33 197.5
0.520 0.400 0.440 0.440 5592 GCE 0.440 0.005 4 0.440 — 4.55 86.7 0.437 0.221 — — 7016 CHUAN 0.365 — — — 7.37 3.01 61.6
5.082 2.654 3.730 3.500 4715 GENM 3.700 0.250 57670.7 3.657 — 2.97 21,970.8 0.045 0.035 0.035 0.035 7018 CME 0.035 UNCH 17.8 0.035 — — 20.4
8.577 5.799 6.930 6.610 3182 GENTING 6.870 0.220 11956.8 6.853 19.95 2.11 26,634.3 3.824 2.458 2.970 2.750 2852 CMSB 2.860 -0.030 4809.5 2.857 11.62 2.59 3,072.7
0.415 0.100 0.245 0.225 5079 GETS 0.230 -0.010 2462.1 0.233 — — 29.0 0.900 0.365 0.500 0.430 7986 CNASIA 0.500 0.025 2.5 0.443 20.00 — 25.0
0.200 0.105 0.140 0.135 0136 GREENYB 0.140 0.005 529.2 0.135 10.22 — 46.7 1.370 0.735 1.020 1.000 5071 COASTAL 1.000 -0.020 384.2 1.011 — — 531.9
4.357 2.180 2.320 2.290 7668 HAIO 2.310 0.010 132.7 2.303 14.16 7.79 693.7 0.220 0.045 0.080 0.080 7195 COMCORP 0.080 0.010 0.5 0.080 — — 11.2
3.780 3.227 3.660 3.650 5008 HARISON 3.660 UNCH 11.6 3.657 10.72 5.46 250.7 1.090 0.780 0.810 0.800 2127 COMFORT 0.805 -0.005 260.2 0.806 15.60 1.86 469.3
0.145 0.055 0.110 0.100 5187 HBGLOB 0.105 -0.005 557.2 0.106 3.06 — 49.1 0.030 0.015 0.020 0.020 5037 COMPUGT 0.020 UNCH 988.7 0.020 — — 49.0
24.522 17.019 23.300 23.000 3255 HEIM 23.240 0.100 107.2 23.09 24.50 4.04 7,020.8 1.300 0.939 1.060 1.040 5094 CSCSTEL 1.060 0.010 65.7 1.045 24.54 3.77 402.8
11.600 8.153 11.300 11.180 3301 HLIND 11.300 UNCH 23.6 11.22 10.01 3.54 3,705.3 0.630 0.360 0.430 0.430 7157 CYL 0.430 UNCH 11 0.430 — 9.30 43.0
0.760 0.563 0.715 0.675 5160 HOMERIZ 0.675 -0.005 4065.2 0.690 8.46 5.19 202.5 0.410 0.300 0.335 0.335 5082 CYMAO 0.335 UNCH 20 0.335 — — 25.1
1.048 0.922 0.935 0.930 5024 HUPSENG 0.930 -0.005 170.6 0.934 17.75 6.45 744.0 1.736 1.450 1.470 1.450 5184 CYPARK 1.450 -0.020 429.8 1.452 8.29 2.69 677.8
0.395 0.280 — — 8478 HWATAI 0.295 — — — — — 22.1 2.370 1.550 1.880 1.820 8125 DAIBOCI 1.820 -0.080 75.3 1.858 47.64 1.84 596.8
0.080 0.020 0.030 0.025 7243 IMPIANA 0.030 0.005 11291 0.027 — — 167.9 0.668 0.360 0.550 0.545 5276 DANCO 0.545 UNCH 150 0.547 10.28 3.21 165.7
2.070 0.920 0.980 0.950 5107 IQGROUP 0.970 -0.020 44.4 0.964 — — 85.4 0.360 0.120 0.285 0.270 7212 DESTINI 0.275 0.005 9987.1 0.280 — — 317.7
0.060 0.030 0.060 0.055 7223 JADI 0.055 UNCH 1976.3 0.055 42.31 — 51.8 0.755 0.305 0.380 0.365 7114 DNONCE 0.380 0.010 723.5 0.377 97.44 — 99.3
1.100 0.770 0.985 0.980 7152 JAYCORP 0.980 -0.010 28.8 0.984 6.71 3.06 134.5 0.280 0.080 0.220 0.200 5835 DOLMITE 0.215 0.005 2028.3 0.212 — — 61.3
0.453 0.330 — — 8931 JERASIA 0.340 — — — 5.90 2.94 27.9 0.170 0.070 — — 5265 DOLPHIN 0.125 — — — — — 30.5
1.577 0.800 1.430 1.420 7167 JOHOTIN 1.420 UNCH 162.7 1.427 11.09 3.87 440.9 1.348 1.210 1.230 1.220 7169 DOMINAN 1.230 -0.010 4.9 1.220 7.77 5.69 203.2
0.400 0.260 — — 8672 KAMDAR 0.295 — — — 268.1 — 58.4 2.570 0.686 1.970 1.880 7233 DUFU 1.890 -0.010 4520.6 1.933 10.23 2.35 497.5
0.877 0.375 0.580 0.565 5247 KAREX 0.565 -0.005 2344.5 0.573 110.78 0.88 566.3 2.000 0.605 0.660 0.640 7165 DWL 0.655 0.015 8481.1 0.655 — — 140.1
2.496 1.270 1.460 1.410 7216 KAWAN 1.410 -0.030 246.8 1.430 24.91 1.77 506.9 0.380 0.080 0.090 0.085 5178 DYNACIA 0.090 UNCH 463 0.089 — — 43.2
0.225 0.080 0.180 0.165 8303 KFM 0.170 -0.010 29 0.167 — — 11.6 3.000 1.928 2.990 2.950 1368 EDGENTA 2.970 UNCH 150.9 2.966 16.29 4.71 2,469.9
0.656 0.267 0.320 0.305 6203 KHEESAN 0.305 -0.010 3605.2 0.310 6.84 3.28 34.9 0.320 0.170 — — 0064 EFFICEN 0.195 — — — — — 138.3
1.880 1.400 — — 7062 KHIND 1.650 — — — 31.73 0.61 66.1 0.640 0.365 0.375 0.370 8907 EG 0.375 0.005 192.6 0.370 7.49 — 102.9
1.940 1.566 1.850 1.850 0002 KOTRA 1.850 UNCH 9.9 1.850 11.84 3.24 266.5 1.560 1.138 1.550 1.550 5208 EITA 1.550 0.070 2 1.550 11.48 3.23 201.5
0.980 0.295 0.760 0.750 7130 KPOWER 0.755 0.005 119.2 0.753 — — 57.5 0.990 0.710 — — 9016 EKSONS 0.780 — — — — 6.41 128.1
0.140 0.055 — — 5172 KSTAR 0.070 — — — — — 29.8 0.590 0.350 0.385 0.380 7217 EMETALL 0.380 UNCH 21.1 0.382 140.74 — 71.5
0.195 0.050 0.115 0.110 4847 KTB 0.110 -0.005 2027.2 0.113 — — 44.3 1.213 0.655 0.675 0.655 5056 ENGTEX 0.660 -0.005 708.2 0.662 84.62 1.14 292.6
0.750 0.410 0.450 0.435 1643 LANDMRK 0.450 0.015 86.7 0.437 — — 238.0 0.470 0.320 — — 7773 EPMB 0.370 — — — — — 61.4
4.065 2.931 3.650 3.520 7006 LATITUD 3.620 -0.130 32.7 3.543 24.13 0.83 351.9 0.625 0.285 0.305 0.300 5101 EVERGRN 0.300 -0.005 505.5 0.302 — 1.60 253.9
0.817 0.325 0.425 0.415 9385 LAYHONG 0.420 UNCH 2662.7 0.420 40.38 1.19 277.3 1.360 1.050 1.230 1.200 2984 FACBIND 1.230 -0.020 25 1.213 69.89 — 104.7
1.061 0.779 — — 8079 LEESK 0.785 — — — 12.30 3.18 131.7 2.820 2.091 2.720 2.690 7229 FAVCO 2.690 -0.040 314.6 2.698 8.20 5.02 600.0
1.190 0.905 0.945 0.910 6633 LHI 0.920 0.010 5220.8 0.928 — — 3,358.0 0.320 0.305 — — 0302 FBBHD 0.320 — — — 21.62 — 69.1
3.165 2.472 2.970 2.930 7089 LIIHEN 2.950 -0.010 90.7 2.948 8.01 5.25 531.0 0.590 0.375 — — 0149 FIBON 0.380 — — — 16.52 1.97 37.2
0.630 0.150 0.165 0.150 7126 LONBISC 0.155 -0.010 22379 0.155 1.91 — 45.1 1.970 1.703 1.930 1.920 3107 FIMACOR 1.920 UNCH 23.3 1.921 8.05 6.51 470.9
1.389 0.774 1.330 1.320 7085 LTKM 1.320 UNCH 776.1 1.321 8.19 1.52 171.7 0.560 0.365 0.420 0.415 9318 FITTERS 0.420 UNCH 397.4 0.415 11.23 — 201.8
5.380 3.767 5.280 5.170 7087 MAGNI 5.180 UNCH 50.8 5.180 8.21 2.70 843.0 1.825 1.103 1.230 1.200 5197 FLBHD 1.210 -0.020 400.1 1.213 4.17 11.98 128.4
2.830 1.688 2.700 2.660 3859 MAGNUM 2.660 -0.010 444.1 2.674 34.28 5.64 3,824.4 0.441 0.199 0.355 0.345 5277 FPGROUP 0.350 UNCH 2147.2 0.351 18.42 2.86 182.0
0.145 0.115 0.125 0.120 3514 MARCO 0.120 UNCH 267 0.120 9.16 2.50 126.5 1.230 0.580 — — 7197 GESHEN 0.650 — — — — — 52.0
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.545 0.400 0.405 0.400 5220 GLOTEC 0.400 UNCH 1158 0.404 16.26 — 107.6
1.000 0.760 0.975 0.970 5886 MBG 0.975 0.035 10.2 0.973 58.38 1.54 59.3 0.325 0.170 0.200 0.190 7192 GOODWAY 0.195 0.005 70.2 0.190 — — 23.7
3.360 1.800 3.360 3.200 5983 MBMR 3.300 0.070 3228.9 3.307 7.03 3.64 1,289.9 0.145 0.080 0.120 0.115 7096 GPA 0.115 -0.005 209 0.118 — — 112.8
0.400 0.185 0.300 0.285 7234 MESB 0.300 0.010 99.8 0.295 7.69 — 24.6 0.306 0.160 — — 5649 GPHAROS 0.220 — — — — 5.77 30.1
0.235 0.177 — — 0301 MFGROUP 0.235 — — — 391.6 — 75.2 0.686 0.420 0.475 0.475 3247 GUH 0.475 0.005 4.7 0.475 — — 132.0
1.050 0.446 0.705 0.690 3662 MFLOUR 0.695 0.005 3462.2 0.698 13.29 4.19 696.4 10.180 8.946 9.950 9.830 3034 HAPSENG 9.900 UNCH 137.6 9.907 21.44 3.54 24,647.8
0.820 0.600 0.800 0.800 7935 MILUX 0.800 UNCH 148.5 0.800 — — 43.5 7.311 4.503 5.220 5.100 5168 HARTA 5.220 0.100 1946.4 5.153 37.99 1.63 17,491.9
0.145 0.035 0.075 0.070 5166 MINDA 0.075 0.005 331.9 0.070 — — 93.0 7.740 4.510 5.100 5.030 4324 HENGYUAN 5.050 UNCH 294.9 5.062 — — 1,515.0
3.830 1.100 1.190 1.160 5202 MSM 1.170 -0.010 122.6 1.176 64.29 — 822.5 0.887 0.501 0.615 0.610 5095 HEVEA 0.610 -0.005 314.9 0.614 20.96 8.20 342.4
0.030 0.005 0.010 0.010 5150 MSPORTS 0.010 -0.005 37 0.010 — — 6.1 1.050 0.670 — — 5151 HEXTAR 0.760 — — — — — 623.7
0.255 0.145 0.235 0.230 3891 MUIIND 0.230 UNCH 1168.4 0.233 — — 674.5 0.806 0.609 0.700 0.695 3298 HEXZA 0.700 -0.005 18 0.698 12.94 7.14 140.3
2.650 1.620 2.230 2.190 3905 MULPHA 2.200 UNCH 179.9 2.210 2.58 — 703.2 0.455 0.215 0.230 0.220 5072 HIAPTEK 0.225 UNCH 1562.9 0.225 — 2.22 302.4
1.600 1.320 1.400 1.390 5275 MYNEWS 1.400 UNCH 230.6 1.391 32.33 1.07 955.0 1.360 0.760 1.060 1.040 5199 HIBISCS 1.040 UNCH 9745.9 1.046 5.44 — 1,651.8
149.70 140.74 148.90 147.70 4707 NESTLE 147.900 -0.100 71.7 148.12 52.33 1.89 34,682 1.655 1.070 — — 7033 HIGHTEC 1.100 — — — 11.31 1.82 44.7
3.085 2.437 2.790 2.790 7060 NHFATT 2.790 -0.030 1.1 2.790 16.25 3.58 230.7 0.663 0.447 0.500 0.500 8443 HIL 0.500 0.005 37.6 0.500 12.56 3.50 167.0
0.065 0.020 0.060 0.055 7139 NICE 0.060 UNCH 536 0.055 3.47 — 42.1 0.810 0.400 0.585 0.580 5165 HOKHENG 0.580 UNCH 55 0.583 — — 51.0
0.267 0.125 0.185 0.175 7215 NIHSIN 0.180 0.010 2166.7 0.180 39.13 — 57.9 0.580 0.400 0.410 0.400 5291 HPMT 0.400 -0.010 398 0.405 — — 131.4
0.583 0.400 0.420 0.410 5066 NTPM 0.410 -0.005 90.8 0.412 51.25 5.85 460.5 1.290 0.715 1.140 1.110 0185 HSSEB 1.130 UNCH 561.8 1.123 — 0.68 560.3
0.580 0.300 — — 5533 OCB 0.470 — — — — — 48.3 0.385 0.130 0.180 0.175 2739 HUAAN 0.175 -0.005 2123.6 0.176 9.83 — 196.4
0.611 0.395 0.425 0.420 0049 OCNCASH 0.420 UNCH 2.6 0.424 20.79 2.17 103.0 1.690 0.456 1.200 1.110 5000 HUMEIND 1.110 -0.020 4731.4 1.160 — — 546.6
0.900 0.623 0.765 0.755 7107 OFI 0.760 UNCH 99.6 0.756 12.48 2.89 182.4 0.135 0.075 0.085 0.085 9601 HWGB 0.085 -0.005 96.8 0.085 — — 30.4
0.135 0.090 0.120 0.120 3018 OLYMPIA 0.120 UNCH 200 0.120 18.75 — 122.8 2.330 1.850 2.210 2.180 7222 IMASPRO 2.210 0.030 157 2.200 294.6 1.58 176.8
6.670 5.528 6.670 6.580 4006 ORIENT 6.600 UNCH 46.1 6.595 7.55 3.03 4,094.6 0.830 0.415 0.415 0.415 5673 IPMUDA 0.415 UNCH 5 0.415 — — 30.1
1.055 0.460 0.570 0.485 5260 OWG 0.560 0.080 3758.5 0.536 20.00 — 159.7 0.160 0.075 0.110 0.100 7183 IRETEX 0.105 0.010 437.8 0.104 58.33 — 19.4
6.004 3.091 3.630 3.600 7052 PADINI 3.620 0.020 495.2 3.612 14.60 2.76 2,381.6 0.135 0.110 — — 8648 JASKITA 0.110 — — — — — 49.5
40.600 34.798 40.000 39.980 3719 PANAMY 39.980 -0.020 5.8 39.99 22.98 5.65 2,428.6 1.635 1.304 1.520 1.500 0058 JCBNEXT 1.500 UNCH 84.4 1.505 18.75 2.67 206.7
0.460 0.291 0.430 0.430 5022 PAOS 0.430 0.010 1 0.430 57.33 3.72 77.9 0.240 0.150 0.160 0.155 9083 JETSON 0.155 -0.010 464.1 0.156 — — 32.8
0.350 0.230 — — 9407 PARAGON 0.250 — — — — — 17.5 1.200 0.950 — — 7043 JMR 1.060 — — — — — 134.4
0.650 0.225 0.255 0.250 5657 PARKSON 0.250 UNCH 547.7 0.253 — — 273.5 0.235 0.115 0.130 0.125 0054 KARYON 0.130 UNCH 495.5 0.125 14.13 2.31 61.8
0.635 0.185 0.520 0.510 6068 PCCS 0.515 -0.005 4756.9 0.515 5.08 1.94 108.2 0.630 0.480 0.550 0.500 7199 KEINHIN 0.525 0.035 47.6 0.513 16.20 1.90 57.2
0.625 0.285 0.335 0.320 5231 PELIKAN 0.335 0.015 11 0.328 30.45 — 185.4 1.800 1.410 1.760 1.730 6491 KFIMA 1.760 0.030 17.1 1.749 8.29 5.11 496.7
0.605 0.340 — — 9997 PENSONI 0.410 — — — — — 53.2 1.410 0.763 1.360 1.330 0151 KGB 1.330 -0.020 715.4 1.337 17.69 1.35 414.2
0.650 0.215 0.630 0.610 7080 PERMAJU 0.615 UNCH 5331.1 0.617 — — 120.5 0.300 0.130 — — 6211 KIALIM 0.205 — — — — — 12.7
28.023 23.670 24.440 24.240 5681 PETDAG 24.280 UNCH 460.7 24.27 26.16 2.97 24,121.1 1.380 1.090 1.160 1.160 5371 KIMHIN 1.160 -0.020 19 1.160 — 4.31 180.5
0.175 0.135 0.140 0.140 4081 PMCORP 0.140 UNCH 79 0.140 17.07 — 108.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.125 0.035 0.080 0.075 1287 PMHLDG 0.075 UNCH 4513.2 0.075 — — 69.7 1.414 0.765 1.400 1.380 9466 KKB 1.400 0.020 179.2 1.396 18.54 2.86 360.9
0.555 0.431 0.500 0.500 5080 POHKONG 0.500 UNCH 12 0.500 8.47 2.00 205.2 0.415 0.070 0.415 0.365 7164 KNM 0.410 0.045 280161 0.398 — — 1,067.7
1.619 1.266 1.530 1.500 7088 POHUAT 1.530 0.020 146.1 1.514 6.13 2.61 361.5 0.800 0.350 — — 5035 KNUSFOR 0.600 — — — — — 59.8
19.600 16.679 18.700 18.620 4065 PPB 18.660 UNCH 294.7 18.65 23.41 1.50 26,545.7 1.680 1.020 1.570 1.560 6971 KOBAY 1.570 0.020 6.1 1.565 8.32 — 160.3
0.434 0.326 — — 7190 PPG 0.340 — — — 12.59 1.47 34.0 0.390 0.120 0.285 0.270 7017 KOMARK 0.275 0.005 3948.3 0.277 — — 45.5
0.805 0.570 0.595 0.585 7168 PRG 0.590 UNCH 197 0.590 — — 214.2 4.647 3.543 4.110 4.080 7153 KOSSAN 4.080 -0.010 367.6 4.085 24.30 1.47 5,218.1
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HU R SDAY JU LY 2 5 , 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)
1.547 0.879 0.975 0.945 5843 KPS 0.945 -0.030 861.2 0.956 — 4.50 507.8 7.311 4.503 5.220 5.100 5168 HARTA 5.220 0.100 1946.4 5.153 37.99 1.63 17,491.9
0.685 0.470 0.520 0.520 9121 KPSCB 0.520 0.025 10.3 0.520 8.36 — 76.9 6.059 4.517 5.780 5.720 5225 IHH 5.750 -0.010 1777.9 5.747 84.81 0.52 50,450.4
4.937 3.619 4.730 4.710 3476 KSENG 4.720 0.010 32.5 4.720 24.92 2.12 1,706.2 4.647 3.543 4.110 4.080 7153 KOSSAN 4.080 -0.010 367.6 4.085 24.30 1.47 5,218.1
0.590 0.281 0.575 0.560 5192 KSSC 0.565 -0.010 426 0.564 — 0.88 54.2 1.940 1.566 1.850 1.850 0002 KOTRA 1.850 UNCH 9.9 1.850 11.84 3.24 266.5
0.530 0.225 0.395 0.380 6874 KUB 0.380 -0.015 1003.8 0.383 — 2.63 211.5 1.158 0.915 0.955 0.945 5878 KPJ 0.945 -0.005 3547.7 0.949 22.77 2.12 4,194.4
0.470 0.250 — — 8362 KYM 0.285 — — — 16.10 — 42.7 3.113 1.955 2.720 2.690 7081 PHARMA 2.700 -0.020 59.9 2.709 15.79 6.30 705.3
4.570 1.800 3.420 3.380 3794 LAFMSIA 3.380 -0.040 7.7 3.406 — — 2,872.0 0.135 0.075 0.085 0.075 0302 SMILE 0.085 0.010 102.1 0.075 34.00 1.41 80.7
0.615 0.440 0.505 0.500 9326 LBALUM 0.500 UNCH 121 0.502 10.20 2.00 124.2 2.245 1.400 1.680 1.660 7106 SUPERMX 1.680 0.020 2067.9 1.669 18.65 2.16 2,285.3
5.185 2.860 2.910 2.880 5284 LCTITAN 2.890 0.010 531.3 2.895 11.04 5.88 6,669.5 0.825 0.700 0.705 0.700 0101 TMCLIFE 0.705 UNCH 100.6 0.700 40.75 0.26 1,228.0
0.667 0.387 0.460 0.445 5232 LEONFB 0.460 0.015 77.3 0.457 7.12 3.26 142.6 6.246 4.265 4.640 4.620 7113 TOPGLOV 4.640 UNCH 1492.9 4.632 30.63 1.83 11,881.1
0.255 0.100 0.225 0.215 8745 LEWEKO 0.220 0.005 328 0.218 — — 70.8 0.500 0.230 — — 0301 TOPVISN 0.500 — — — 42.74 — 127.8
0.160 0.085 0.150 0.145 7170 LFECORP 0.145 -0.005 90 0.148 — — 29.6 3.272 2.210 2.490 2.450 7178 YSPSAH 2.450 -0.010 13.3 2.466 11.88 2.86 342.0
0.775 0.390 0.410 0.400 8486 LIONFIB 0.400 -0.010 14.8 0.408 14.55 — 92.6 FINANCIAL SERVICES
1.300 0.450 0.535 0.520 4235 LIONIND 0.525 0.005 3043.2 0.527 — — 376.9 4.248 3.486 3.720 3.660 2488 ABMB 3.700 0.030 474.2 3.693 10.65 4.51 5,728.0
0.445 0.250 0.315 0.315 9881 LSTEEL 0.315 UNCH 0.1 0.315 45.65 — 40.3 17.114 13.841 16.780 16.660 5139 AEONCR 16.720 0.040 81.7 16.723 83.18 2.67 4,194.9
0.115 0.070 0.075 0.070 5068 LUSTER 0.075 UNCH 733.9 0.075 11.72 — 148.2 2.525 2.040 2.080 2.050 5185 AFFIN 2.060 0.010 140.7 2.057 8.06 2.43 4,091.2
0.669 0.486 0.510 0.505 5143 LUXCHEM 0.505 -0.005 281.2 0.509 11.48 4.46 448.3 14.760 11.361 13.960 13.800 1163 ALLIANZ 13.820 0.020 20 13.82 7.92 2.89 2,442.9
3.271 2.191 — — 9199 LYSAGHT 2.420 — — — 12.27 2.89 100.6 4.482 3.533 4.320 4.260 1015 AMBANK 4.260 -0.030 929.4 4.270 8.51 4.69 12,840.4
0.865 0.340 0.505 0.490 5098 MASTEEL 0.500 0.010 2477.6 0.499 — — 213.6 1.215 0.882 0.910 0.910 5088 APEX 0.910 -0.005 2 0.910 25.56 — 194.3
1.280 0.560 1.160 1.130 7029 MASTER 1.140 -0.020 352.2 1.139 8.36 3.07 62.3 4.750 3.252 4.470 4.390 5258 BIMB 4.400 -0.050 2034 4.404 10.54 3.52 7,762.8
1.400 0.873 1.230 1.220 5152 MBL 1.230 UNCH 18.8 1.221 8.61 3.66 131.1 7.720 5.920 6.960 6.930 1818 BURSA 6.960 -0.020 241.6 6.954 27.19 3.68 5,627.2
0.830 0.435 0.675 0.620 7004 MCEHLDG 0.675 0.025 0.2 0.648 — — 30.0 6.010 5.000 5.210 5.160 1023 CIMB 5.170 -0.020 5235.8 5.179 8.91 4.84 50,290.8
0.225 0.090 0.125 0.125 3778 MELEWAR 0.125 -0.010 29.1 0.125 — — 44.9 0.370 0.235 0.275 0.275 2143 ECM 0.275 -0.005 0.5 0.275 94.83 — 132.0
0.700 0.435 0.595 0.595 5223 MENTIGA 0.595 0.035 3 0.595 19.01 — 41.7 1.740 1.114 1.690 1.660 5228 ELKDESA 1.670 -0.020 254.5 1.672 14.87 4.19 495.8
1.738 1.487 1.520 1.520 6149 METROD 1.520 -0.130 3 1.520 25.63 3.95 182.4 21.497 18.180 18.280 18.180 5819 HLBANK 18.200 -0.120 583.2 18.205 14.02 2.64 39,452.5
0.530 0.235 0.300 0.295 5001 MIECO 0.300 UNCH 686.5 0.299 — — 157.5 10.100 7.327 — — 5274 HLCAP 9.600 — — — 32.18 1.98 2,370.2
0.090 0.045 — — 7219 MINETEC 0.055 — — — — — 50.7 19.819 17.289 18.580 18.500 1082 HLFG 18.500 -0.040 788.1 18.53 11.11 2.27 21,229.1
0.424 0.270 0.270 0.270 5576 MINHO 0.270 -0.005 5.7 0.270 7.20 — 91.9 0.900 0.645 0.870 0.850 3379 INSAS 0.860 0.010 2054.1 0.862 8.04 2.33 596.3
0.998 0.870 0.880 0.875 5916 MSC 0.880 UNCH 60 0.878 9.14 2.27 352.0 0.150 0.070 0.095 0.090 3441 JOHAN 0.095 0.005 113.5 0.092 — — 59.2
0.105 0.053 0.070 0.065 0043 MTRONIC 0.070 0.005 144.8 0.066 — — 79.3 0.759 0.486 0.575 0.570 6483 KENANGA 0.575 0.005 27.3 0.570 99.14 1.91 415.6
2.157 1.457 1.710 1.690 3883 MUDA 1.690 UNCH 136.6 1.700 6.68 2.66 515.5 2.050 1.540 1.740 1.740 2186 KUCHAI 1.740 -0.020 16.9 1.740 — 0.57 215.3
0.530 0.225 0.290 0.290 5087 MYCRON 0.290 -0.005 20 0.290 — — 94.8 16.713 14.900 16.160 16.100 8621 LPI 16.100 UNCH 37.6 16.10 19.81 4.29 6,414.0
0.640 0.345 0.450 0.440 7241 NGGB 0.440 -0.010 1047.8 0.444 151.72 — 212.3 1.003 0.375 0.890 0.880 1198 MAA 0.880 UNCH 39.9 0.880 — 10.23 240.7
0.145 0.060 0.095 0.090 5025 NWP 0.095 UNCH 89.1 0.090 — — 40.6 2.850 2.244 2.750 2.750 1058 MANULFE 2.750 -0.100 4 2.750 20.98 2.55 556.5
0.709 0.555 0.620 0.610 4944 NYLEX 0.620 0.005 57 0.616 55.36 3.23 120.5 9.541 8.760 8.830 8.760 1155 MAYBANK 8.760 -0.060 5073 8.792 11.96 6.51 98,474.3
0.895 0.539 0.660 0.655 7140 OKA 0.655 -0.005 76.4 0.659 14.65 6.31 160.7 1.110 0.844 0.905 0.890 1171 MBSB 0.895 UNCH 1643.7 0.898 13.71 5.59 6,008.5
1.405 0.858 0.950 0.950 5065 ORNA 0.950 UNCH 113.7 0.950 7.84 2.63 71.5 1.545 0.845 1.150 1.130 6459 MNRB 1.140 UNCH 563 1.136 5.53 — 874.4
0.075 0.045 0.050 0.050 7225 PA 0.050 UNCH 298.8 0.050 — — 93.5 1.370 0.985 1.190 1.150 5237 MPHBCAP 1.170 0.010 53.8 1.164 30.31 — 836.6
0.617 0.440 0.470 0.450 8419 PANSAR 0.470 0.020 447.1 0.463 26.86 2.13 217.1 1.005 0.951 0.995 0.995 6009 P&O 0.995 0.005 64 0.995 — 6.28 285.5
0.609 0.403 0.525 0.485 5125 PANTECH 0.490 -0.035 19813.4 0.499 7.74 4.04 367.8 25.762 22.020 22.800 22.620 1295 PBBANK 22.700 -0.100 2783.4 22.71 15.74 3.04 88,124.5
10.004 7.500 7.690 7.500 5183 PCHEM 7.500 -0.190 8659.6 7.578 12.70 4.27 60,000 1.720 1.346 1.590 1.580 9296 RCECAP 1.590 UNCH 229.5 1.581 5.67 5.03 581.5
1.240 0.651 1.200 1.170 5271 PECCA 1.190 -0.010 454.9 1.183 13.43 4.62 223.7 5.970 4.866 5.710 5.620 1066 RHBBANK 5.640 -0.060 3910.7 5.646 9.66 3.63 22,616.7
5.175 4.084 4.980 4.820 5436 PERSTIM 4.820 -0.060 4.3 4.869 11.67 6.22 478.6 0.650 0.537 0.645 0.635 4898 TA 0.640 0.005 332.9 0.638 9.83 6.41 1,095.6
1.640 0.950 1.470 1.430 5219 PESTECH 1.440 -0.020 605.9 1.453 17.93 — 1,100.6 7.180 3.348 6.830 6.700 6139 TAKAFUL 6.700 -0.120 456.9 6.748 17.18 2.24 5,539.5
19.577 15.755 16.760 16.260 6033 PETGAS 16.280 -0.320 504.5 16.51 17.48 4.42 32,213.8 0.956 0.502 0.735 0.715 5230 TUNEPRO 0.730 0.010 3298.1 0.728 10.70 4.11 548.8
8.724 5.826 6.100 6.070 3042 PETRONM 6.090 0.020 46.8 6.089 7.83 3.28 1,644.3 PROPERTY
1.340 0.925 — — 3611 PGLOBE 0.990 — — — — — 184.8 0.340 0.225 — — 7131 ACME 0.260 — — — 6.18 — 62.1
0.160 0.090 0.120 0.120 7201 PICORP 0.120 -0.005 105 0.120 171.43 4.17 79.0 0.714 0.490 0.555 0.545 1007 AMPROP 0.555 0.005 15 0.551 13.44 7.21 338.7
1.703 1.230 1.300 1.280 7095 PIE 1.280 -0.020 174.2 1.292 13.40 1.88 491.6 0.349 0.220 0.275 0.275 1007PA AMPROP-PA 0.275 UNCH 24.6 0.275 — 7.27 78.9
0.325 0.100 — — 7163 PJBUMI 0.310 — — — 33.33 — 25.4 1.280 0.870 — — 5959 AMVERTON 1.150 — — — 5.76 — 419.8
4.268 3.050 3.150 3.130 7172 PMBTECH 3.130 -0.010 25 3.146 54.62 0.64 656.0 0.650 0.270 — — 7007 ARK 0.285 — — — — — 13.9
5.132 3.974 4.500 4.430 8869 PMETAL 4.450 UNCH 826.7 4.478 29.89 1.40 17,951.7 0.170 0.110 0.135 0.130 4057 ASIAPAC 0.135 0.005 729.8 0.135 3.81 — 140.0
0.570 0.450 0.555 0.535 6637 PNEPCB 0.545 -0.005 8128.8 0.549 — — 71.7 5.539 4.155 — — 2305 AYER 4.300 — — — 15.47 1.16 321.9
0.505 0.260 — — 8117 POLY 0.440 — — — 11.25 — 70.4 0.440 0.220 0.250 0.240 6602 BCB 0.250 UNCH 105.7 0.247 3.25 — 103.1
0.645 0.390 0.610 0.595 8273 PPHB 0.605 0.010 117.6 0.605 5.78 — 114.1 0.585 0.285 0.370 0.370 6173 BDB 0.370 UNCH 5 0.370 — — 112.4
0.896 0.487 0.545 0.540 9873 PRESTAR 0.540 UNCH 198.1 0.540 234.78 2.78 110.6 0.310 0.110 — — 9814 BERTAM 0.190 — — — — — 39.3
0.085 0.035 0.075 0.065 7123 PWORTH 0.065 -0.005 121807 0.068 — — 266.2 0.365 0.245 0.310 0.300 3239 BJASSET 0.310 0.015 51 0.308 — — 793.0
0.880 0.705 — — 7544 QUALITY 0.775 — — — — — 44.9 1.580 1.090 1.480 1.450 5738 CHHB 1.450 -0.030 106 1.478 4.50 — 399.8
0.450 0.190 — — 7498 RALCO 0.235 — — — — — 10.9 1.440 1.190 1.240 1.240 6718 CRESNDO 1.240 -0.010 43 1.240 8.61 4.84 347.8
0.520 0.165 0.250 0.230 5256 REACH 0.235 -0.005 44792 0.238 — — 257.7 1.590 1.108 — — 5049 CVIEW 1.470 — — — 1.96 3.40 147.0
0.340 0.241 0.310 0.310 7232 RESINTC 0.310 -0.010 10 0.310 12.06 8.06 42.5 0.565 0.220 0.435 0.425 3484 DBHD 0.430 UNCH 178.5 0.429 7.13 — 136.9
0.245 0.150 0.160 0.155 9954 RGTBHD 0.160 0.005 24.2 0.155 8.29 — 92.3 0.095 0.050 0.065 0.060 7198 DPS 0.065 0.005 119.2 0.060 — — 38.2
1.250 0.500 0.555 0.545 9741 ROHAS 0.555 0.020 489.5 0.549 23.82 3.60 262.3 1.636 0.785 0.820 0.805 3417 E&O 0.810 0.005 230.2 0.808 17.38 — 1,180.1
0.640 0.420 0.460 0.455 7803 RUBEREX 0.460 UNCH 12 0.456 17.42 3.80 116.0 0.325 0.285 0.305 0.295 3557 ECOFIRS 0.305 0.005 274.4 0.302 9.71 — 245.0
4.049 3.580 3.900 3.780 5134 SAB 3.780 UNCH 4.6 3.783 24.87 1.32 517.6 1.300 0.770 0.780 0.770 8206 ECOWLD 0.780 -0.005 1513.7 0.776 12.85 — 2,296.6
8.580 6.852 8.580 8.300 9822 SAM 8.510 0.210 90.1 8.478 14.65 2.05 1,150.3 0.555 0.270 — — 6076 ENCORP 0.360 — — — — — 110.3
0.983 0.560 0.580 0.575 5147 SAMCHEM 0.575 -0.005 485.1 0.579 8.43 5.22 156.4 2.371 0.882 — — 8613 ENRA 1.350 — — — — 2.22 183.9
0.869 0.680 0.800 0.790 7811 SAPIND 0.790 -0.020 62.4 0.795 10.69 6.33 57.5 0.830 0.550 0.680 0.680 6815 EUPE 0.680 0.020 10 0.680 2.87 — 87.0
0.510 0.205 0.320 0.315 5170 SCABLE 0.315 -0.010 16 0.318 — — 99.9 0.879 0.491 0.695 0.675 7249 EWEIN 0.685 0.010 1226 0.686 5.07 0.73 206.6
1.710 0.810 0.835 0.810 7247 SCGM 0.835 0.005 172.8 0.822 — 1.80 161.7 1.150 0.625 0.670 0.650 5283 EWINT 0.670 0.020 764.6 0.656 17.59 — 1,608.0
1.170 0.300 0.960 0.950 9237 SCIB 0.960 UNCH 172 0.957 — — 82.4 0.400 0.335 0.350 0.350 6041 FARLIM 0.350 UNCH 36.8 0.350 — — 58.9
1.837 0.741 1.000 0.950 0099 SCICOM 0.960 -0.035 5199.6 0.970 17.45 7.81 341.2 0.453 0.345 0.390 0.380 5020 GLOMAC 0.390 0.005 138.9 0.384 22.41 3.85 312.0
9.269 7.616 8.500 8.470 4731 SCIENTX 8.500 -0.010 18.3 8.494 14.55 2.35 4,379.7 0.375 0.240 — — 9962 GMUTUAL 0.280 — — — 16.37 1.79 105.2
0.290 0.105 0.155 0.150 7239 SCNWOLF 0.155 0.005 330.8 0.155 — — 14.9 0.270 0.155 0.170 0.170 1147 GOB 0.170 UNCH 255 0.170 — — 77.3
0.510 0.155 0.205 0.200 7073 SEACERA 0.200 -0.005 270.2 0.204 — — 94.9 0.240 0.135 0.210 0.200 7077 GSB 0.205 -0.010 2858.8 0.206 — — 113.3
0.260 0.090 0.215 0.205 5145 SEALINK 0.205 UNCH 4306.4 0.207 — — 102.5 0.907 0.680 0.705 0.685 1503 GUOCO 0.705 0.010 333 0.690 — 2.84 493.8
0.485 0.180 — — 5163 SEB 0.380 — — — — — 30.4 1.320 1.200 1.230 1.220 7105 HCK 1.230 UNCH 33.2 1.222 75.46 — 519.5
0.995 0.746 0.980 0.970 5181 SIGGAS 0.975 UNCH 110 0.971 50.78 0.51 182.8 0.725 0.520 — — 7010 HOOVER 0.585 — — — — — 23.4
0.690 0.410 — — 7115 SKBSHUT 0.550 — — — 17.19 — 22.0 0.500 0.300 0.455 0.445 5062 HUAYANG 0.455 0.005 231 0.449 — — 160.2
1.456 0.945 1.280 1.260 7155 SKPRES 1.260 -0.010 168 1.267 16.13 4.02 1,575.2 0.534 0.350 0.360 0.355 4251 IBHD 0.360 0.005 345.7 0.359 9.40 — 365.1
1.415 0.821 1.320 1.320 7248 SLP 1.320 0.010 0.1 1.320 16.50 3.60 418.4 0.734 0.147 — — 5084 IBRACO 0.680 — — — 10.86 3.31 337.6
0.535 0.370 — — 7132 SMISCOR 0.460 — — — 26.44 — 20.6 1.860 0.990 1.340 1.320 9687 IDEAL 1.340 UNCH 46.9 1.333 3.14 — 621.2
1.900 0.720 1.200 1.110 5665 SSTEEL 1.140 0.010 1405.4 1.149 — 3.07 494.4 2.968 2.200 2.740 2.740 5606 IGBB 2.740 -0.040 4 2.740 7.35 0.73 1,889.4
0.920 0.400 — — 6904 SUBUR 0.545 — — — — — 113.9 1.861 1.160 1.350 1.320 5249 IOIPG 1.330 0.010 1661.5 1.330 9.31 3.76 7,323.2
1.120 0.520 0.960 0.940 7207 SUCCESS 0.955 0.015 333.9 0.950 47.75 1.05 237.8 0.290 0.175 0.205 0.200 5175 IVORY 0.205 0.005 124 0.203 227.78 12.20 100.5
1.720 1.318 1.660 1.640 5211 SUNWAY 1.650 UNCH 6247.8 1.649 12.28 3.30 8,131.2 1.320 0.365 1.020 0.995 1589 IWCITY 1.000 -0.010 14540.6 1.004 — — 837.4
1.376 0.900 0.930 0.910 7235 SUPERLN 0.925 0.015 330.6 0.916 14.30 2.49 148.0 0.380 0.250 0.310 0.310 8923 JIANKUN 0.310 UNCH 100 0.310 25.41 — 51.7
2.245 1.400 1.680 1.660 7106 SUPERMX 1.680 0.020 2067.9 1.669 18.65 2.16 2,285.3 0.090 0.070 0.080 0.080 6769 JKGLAND 0.080 UNCH 167 0.080 72.73 1.25 182.0
0.360 0.180 0.275 0.255 5149 TAS 0.275 0.020 192 0.267 28.95 — 49.5 0.125 0.075 0.100 0.095 3115 KBUNAI 0.100 UNCH 500.5 0.100 62.50 — 577.7
7.100 4.050 5.550 5.530 4448 TASEK 5.530 -0.020 129.3 5.531 — — 683.6 0.918 0.537 — — 7323 KEN 0.590 — — — 4.65 2.54 113.1
0.243 0.142 0.215 0.185 7097 TAWIN 0.190 -0.010 7130.9 0.200 — — 60.5 0.960 0.675 0.865 0.850 5038 KSL 0.855 0.005 440.6 0.861 3.99 — 887.1
1.020 0.660 0.780 0.760 5289 TECHBND 0.780 UNCH 30.2 0.771 — — 179.4 0.189 0.130 0.160 0.155 3174 L&G 0.160 UNCH 1071.5 0.156 12.21 9.38 475.7
0.865 0.550 0.600 0.550 8702 TEXCHEM 0.550 -0.050 465.6 0.562 — 18.18 68.3 0.845 0.448 — — 8494 LBICAP 0.720 — — — 7.96 3.47 71.0
3.080 2.070 2.540 2.520 7034 TGUAN 2.520 -0.020 71.8 2.529 7.16 3.17 407.6 0.930 0.505 0.540 0.530 5789 LBS 0.535 UNCH 553.7 0.535 10.31 3.36 837.8
1.512 0.983 1.250 1.250 7374 TIENWAH 1.250 UNCH 29.8 1.250 — 6.40 180.9 0.365 0.220 0.285 0.260 3573 LIENHOE 0.285 0.005 137 0.280 — — 103.1
0.680 0.396 0.550 0.550 7854 TIMWELL 0.550 -0.050 0.2 0.550 7.77 3.64 49.0 1.180 0.800 1.180 1.090 7617 MAGNA 1.150 0.060 115.8 1.142 — — 385.1
0.805 0.430 0.500 0.485 7285 TOMYPAK 0.500 -0.005 40.3 0.493 — 0.60 209.9 1.242 0.890 0.950 0.905 8583 MAHSING 0.925 0.020 3530.3 0.928 12.42 4.86 2,245.6
4.066 2.580 2.700 2.650 5010 TONGHER 2.650 -0.010 36.1 2.671 8.38 7.55 417.2 0.695 0.390 0.555 0.540 6181 MALTON 0.545 -0.005 2184.7 0.547 32.44 3.67 287.8
6.246 4.265 4.640 4.620 7113 TOPGLOV 4.640 UNCH 1492.9 4.632 30.63 1.83 11,881 2.002 1.747 1.990 1.900 5236 MATRIX 1.920 0.010 4331.3 1.965 6.61 6.51 1,510.7
1.040 0.503 0.785 0.750 7173 TOYOINK 0.750 -0.020 177.5 0.754 16.70 1.33 80.3 1.874 1.400 1.530 1.400 7189 MBWORLD 1.460 -0.070 368.2 1.450 4.13 6.85 229.8
0.814 0.543 0.640 0.610 5167 TURBO 0.640 -0.005 12 0.621 9.94 3.13 69.1 0.850 0.270 0.295 0.280 5182 MCT 0.280 UNCH 67.8 0.287 1.98 — 408.0
2.996 2.303 2.780 2.740 7100 UCHITEC 2.760 -0.020 591.5 2.755 17.38 5.07 1,244.5 0.490 0.305 0.375 0.345 1694 MENANG 0.375 0.010 9.1 0.351 22.32 — 180.3
0.945 0.385 0.555 0.530 7133 ULICORP 0.550 UNCH 535.2 0.542 148.65 — 119.8 0.420 0.190 0.210 0.190 5040 MERIDIAN 0.200 0.005 2345.8 0.200 — — 98.5
2.494 1.910 1.990 1.990 7137 UMS 1.990 -0.080 2 1.990 17.63 3.02 81.0 0.370 0.190 0.215 0.210 8141 MJPERAK 0.215 UNCH 94 0.215 28.29 — 55.3
1.068 0.880 0.950 0.950 7227 UMSNGB 0.950 0.020 0.1 0.950 9.27 3.16 76.0 1.429 1.110 1.210 1.180 6114 MKH 1.200 UNCH 551.9 1.192 9.17 2.92 703.9
1.310 0.897 1.310 1.290 7091 UNIMECH 1.300 0.010 110.1 1.296 9.94 2.92 206.4 0.280 0.170 0.175 0.175 8893 MKLAND 0.175 UNCH 783.9 0.175 12.96 — 211.3
0.750 0.300 0.330 0.325 4995 VERSATL 0.330 0.005 84.7 0.326 — — 46.9 0.065 0.035 — — 6548 MPCORP 0.045 — — — — — 12.9
1.744 0.610 1.230 1.200 6963 VS 1.210 0.020 19813.5 1.215 14.30 3.31 2,214.1 1.150 0.570 0.945 0.930 1651 MRCB 0.930 -0.005 3291 0.938 70.45 1.88 4,103.2
1.400 0.595 0.720 0.715 5142 WASEONG 0.720 UNCH 269.2 0.719 9.97 — 557.9 0.540 0.380 0.475 0.470 9539 MUH 0.470 -0.060 11 0.471 — — 26.5
0.950 0.295 — — 7226 WATTA 0.505 — — — — — 42.7 0.290 0.170 0.205 0.200 3913 MUIPROP 0.200 -0.005 64.1 0.201 20.41 — 152.8
1.299 1.086 1.190 1.160 7231 WELLCAL 1.170 UNCH 41.2 1.170 16.50 4.70 582.6 1.440 0.430 0.925 0.900 5073 NAIM 0.900 -0.010 2133 0.915 2.60 — 462.4
0.650 0.460 — — 7692 WIDETEC 0.600 — — — 17.44 — 26.9 2.280 1.883 — — 5827 OIB 1.990 — — — 5.39 3.52 308.2
0.853 0.450 0.490 0.480 7050 WONG 0.490 UNCH 6.7 0.481 15.61 3.06 56.2 0.997 0.809 0.950 0.935 5053 OSK 0.950 0.010 492.8 0.941 5.44 5.26 1,990.5
0.830 0.515 0.700 0.620 7025 WOODLAN 0.685 UNCH 7.7 0.692 15.22 — 27.4 1.778 1.268 1.650 1.580 1724 PARAMON 1.590 -0.110 1063.8 1.609 7.49 5.35 964.6
1.800 1.020 — — 5009 WTHORSE 1.180 — — — — — 283.2 0.565 0.325 0.375 0.370 6912 PASDEC 0.370 -0.005 20.2 0.375 — — 148.1
0.696 0.404 0.520 0.510 4243 WTK 0.515 -0.010 225.1 0.516 — 2.91 247.9 0.015 0.005 0.010 0.005 4464 PHB 0.010 UNCH 25191.3 0.010 — — 72.0
0.440 0.160 0.245 0.220 7245 WZSATU 0.240 0.015 6294.1 0.238 — 6.25 111.6 1.690 1.020 — — 7055 PLB 1.150 — — — — — 129.3
0.750 0.545 — — 5048 YILAI 0.630 — — — — — 91.7 1.595 1.353 1.400 1.380 5075 PLENITU 1.400 UNCH 21.3 1.395 13.86 3.21 534.1
0.270 0.090 0.105 0.105 7020 YKGI 0.105 0.005 75 0.105 — — 36.8 6.150 5.210 5.780 5.750 7765 RAPID 5.770 0.020 789.8 5.760 253.07 — 616.8
0.445 0.200 0.275 0.245 7014 YLI 0.250 -0.005 10.5 0.250 — — 25.7 0.890 0.585 0.680 0.680 4596 SAPRES 0.680 0.020 4.9 0.680 — — 94.9
CONSTRUCTION 0.630 0.400 0.480 0.480 5207 SBCCORP 0.480 UNCH 2 0.480 8.91 — 123.9
0.550 0.241 0.415 0.405 5281 ADVCON 0.415 0.015 1268.8 0.412 16.53 2.41 167.1 0.814 0.600 0.685 0.665 2224 SDRED 0.665 UNCH 11.5 0.683 11.61 3.76 283.4
0.575 0.274 0.435 0.420 7078 AZRB 0.430 0.005 1602.4 0.428 29.25 2.07 257.1 0.410 0.285 0.305 0.305 4286 SEAL 0.305 UNCH 3 0.305 4.05 — 74.1
0.320 0.155 0.175 0.170 5190 BENALEC 0.175 0.005 220.6 0.173 — — 150.8 2.524 2.108 2.360 2.350 6017 SHL 2.360 0.010 5 2.354 9.04 10.17 571.4
0.295 0.165 0.190 0.190 5932 BPURI 0.190 UNCH 2389.7 0.190 105.56 — 72.6 1.420 0.897 1.020 0.990 5288 SIMEPROP 0.995 -0.005 2912.6 1.002 — 2.01 6,766.8
0.811 0.706 0.755 0.750 8761 BREM 0.750 -0.005 145 0.751 18.75 5.33 259.1 0.225 0.130 0.160 0.155 4375 SMI 0.160 0.005 74.8 0.155 — — 33.6
1.156 0.755 1.060 1.040 8591 CRESBLD 1.050 0.010 75.2 1.047 2.46 4.29 185.8 0.545 0.190 0.205 0.195 5213 SNTORIA 0.200 0.005 2104.1 0.198 8.47 — 113.5
1.840 1.600 — — 7528 DKLS 1.710 — — — 19.15 1.75 158.5 2.972 1.870 2.040 2.010 8664 SPSETIA 2.010 -0.010 1610.2 2.027 13.10 4.25 8,125.4
0.980 0.360 0.880 0.850 5253 ECONBHD 0.855 -0.005 14102.4 0.862 52.45 1.87 1,143.6 0.990 0.580 0.730 0.720 3743 SUNSURIA 0.720 -0.005 44.5 0.725 3.77 — 640.7
1.040 0.411 0.855 0.835 8877 EKOVEST 0.840 UNCH 31518.2 0.845 15.25 1.19 2,230.1 0.589 0.320 0.410 0.405 1538 SYMLIFE 0.410 -0.005 49.9 0.406 2.02 — 242.0
0.536 0.300 0.405 0.400 7047 FAJAR 0.400 UNCH 334.5 0.404 1333 3.75 149.5 0.310 0.190 0.270 0.265 4022 TADMAX 0.270 UNCH 262 0.270 16.98 — 211.6
0.960 0.475 0.930 0.910 9261 GADANG 0.910 UNCH 5875.4 0.921 8.37 3.30 662.5 0.282 0.222 0.250 0.245 5158 TAGB 0.250 UNCH 1035 0.250 26.60 6.40 1,330.4
3.978 1.918 3.880 3.840 5398 GAMUDA 3.850 -0.010 2295.4 3.856 22.61 3.12 9,518.4 0.055 0.025 0.035 0.035 2259 TALAMT 0.035 UNCH 479.5 0.035 50.00 — 150.3
1.540 0.658 1.540 1.440 5226 GBGAQRS 1.500 0.060 4406.2 1.500 12.77 2.61 741.9 1.023 0.692 0.780 0.775 5191 TAMBUN 0.780 0.005 76.3 0.779 6.24 8.59 338.1
1.510 0.717 1.230 1.200 3204 GKENT 1.210 0.020 3876.1 1.216 8.52 4.13 681.6 0.112 0.040 0.045 0.045 2429 TANCO 0.045 UNCH 123 0.045 — — 32.9
0.695 0.280 0.565 0.550 5169 HOHUP 0.560 UNCH 931.9 0.557 8.22 — 209.9 0.355 0.175 0.230 0.225 7889 THRIVEN 0.225 UNCH 341.6 0.225 3.73 — 123.1
1.587 1.271 1.400 1.350 6238 HSL 1.380 UNCH 142 1.383 14.04 1.74 804.1 0.100 0.030 0.055 0.050 7079 TIGER 0.055 UNCH 640.6 0.052 — — 69.8
2.510 1.361 2.420 2.380 3336 IJM 2.380 -0.020 2421.2 2.392 20.62 1.68 8,661.5 0.430 0.285 0.300 0.295 5239 TITIJYA 0.300 UNCH 112.1 0.296 8.60 0.83 403.3
0.360 0.090 0.265 0.250 5268 IKHMAS 0.255 0.005 13612 0.257 — — 144.2 0.895 0.778 0.850 0.850 5401 TROP 0.850 -0.005 89.2 0.850 7.26 3.27 1,249.9
0.630 0.444 0.535 0.510 8834 IREKA 0.535 0.015 21 0.515 — 3.74 99.9 1.020 0.620 0.815 0.805 5148 UEMS 0.810 UNCH 871 0.810 13.26 — 3,675.3
1.220 0.405 0.820 0.800 4723 JAKS 0.805 0.005 5668.6 0.810 17.20 — 517.7 2.350 1.733 2.220 2.170 5200 UOADEV 2.220 0.030 64.2 2.190 9.85 6.31 4,095.6
1.543 0.975 1.470 1.410 7161 KERJAYA 1.420 -0.040 515.6 1.441 12.49 2.46 1,763.6 0.190 0.095 0.095 0.095 6378 WMG 0.095 UNCH 1.3 0.095 — — 40.5
1.536 0.972 1.380 1.380 5171 KIMLUN 1.380 UNCH 5 1.380 6.97 2.68 458.0 0.995 0.650 0.900 0.900 7003 Y&G 0.900 0.050 0.7 0.900 21.74 — 179.4
1.060 0.735 — — 9628 LEBTECH 0.850 — — — 1062 — 116.0 2.730 1.040 2.700 2.670 3158 YNHPROP 2.690 -0.010 2023.8 2.684 80.78 0.26 1,423.0
0.636 0.426 — — 5129 MELATI 0.455 — — — 23.82 2.20 54.6 1.400 0.300 0.310 0.305 7066 YONGTAI 0.305 UNCH 793.5 0.306 — — 162.9
1.300 0.725 — — 8192 MERCURY 0.760 — — — 9.84 — 30.5 0.480 0.325 0.335 0.330 2577 YTLLAND 0.330 -0.005 424.5 0.334 — — 278.6
1.810 0.255 1.120 1.090 5006 MERGE 1.090 -0.030 19 1.094 — — 73.0 TRANSPORTATION & LOGISTICS
1.100 0.665 0.700 0.700 7595 MGB 0.700 UNCH 7.9 0.700 13.83 — 348.1 9.805 6.520 8.670 8.420 5014 AIRPORT 8.500 -0.080 4275.6 8.522 39.12 1.65 14,103.1
0.571 0.216 0.355 0.350 9571 MITRA 0.350 UNCH 663.7 0.351 13.46 4.29 313.7 1.438 1.120 1.270 1.250 8133 BHIC 1.270 UNCH 1.1 1.268 — 2.76 315.5
0.250 0.115 0.200 0.200 5924 MTDACPI 0.200 0.010 66.4 0.200 — — 46.3 5.660 4.307 4.380 4.360 5032 BIPORT 4.360 -0.010 31 4.370 13.34 3.21 2,005.6
0.610 0.260 0.295 0.295 5085 MUDAJYA 0.295 UNCH 47.5 0.295 — — 178.6 0.460 0.300 0.310 0.300 7187 CHGP 0.310 UNCH 211 0.300 26.96 — 92.1
3.108 2.525 2.700 2.670 5703 MUHIBAH 2.680 -0.020 741.4 2.680 9.11 2.80 1,299.5 0.779 0.360 0.470 0.455 7117 CJCEN 0.465 0.010 715.7 0.462 34.19 1.61 183.3
0.440 0.220 0.235 0.225 7071 OCR 0.230 -0.010 2617.1 0.232 — — 75.2 0.950 0.540 0.950 0.930 5136 COMPLET 0.950 0.010 182.9 0.945 11.05 — 120.6
0.900 0.730 0.860 0.830 5622 PEB 0.860 -0.010 13.9 0.830 0.43 — 59.4 0.605 0.310 0.445 0.435 5259 EATECH 0.440 UNCH 543.2 0.438 3.35 — 221.8
0.350 0.163 0.255 0.245 8311 PESONA 0.250 0.005 1896.2 0.250 20.49 4.00 173.7 0.754 0.497 0.605 0.605 7210 FREIGHT 0.605 UNCH 25.6 0.605 10.12 5.50 168.9
0.568 0.183 0.275 0.270 5070 PRTASCO 0.275 0.005 655.3 0.272 — 2.18 136.2 0.510 0.255 0.305 0.300 0078 GDEX 0.300 UNCH 2836.7 0.300 56.60 0.67 1,692.4
0.170 0.095 0.165 0.150 7145 PSIPTEK 0.155 0.005 5802.1 0.158 48.44 — 58.4 0.450 0.265 0.290 0.270 7676 GUNUNG 0.290 0.020 67.8 0.283 — — 68.5
2.680 1.986 2.600 2.600 9598 PTARAS 2.600 UNCH 4 2.600 32.22 7.69 431.2 0.760 0.620 0.655 0.640 2062 HARBOUR 0.640 -0.030 122.4 0.648 7.64 1.56 256.3
0.665 0.315 0.350 0.340 6807 PUNCAK 0.350 0.015 89.8 0.344 — 1.43 157.2 0.070 0.030 0.045 0.040 7013 HUBLINE 0.045 UNCH 310 0.043 34.62 — 171.9
0.915 0.390 0.465 0.450 5205 SENDAI 0.455 0.005 405.2 0.458 6.18 — 355.4 0.660 0.350 0.390 0.360 5614 ILB 0.380 0.020 92.3 0.380 — — 74.1
2.200 1.272 2.160 2.130 5263 SUNCON 2.150 0.010 997 2.148 19.85 3.26 2,779.7 5.586 3.595 4.820 4.800 6645 LITRAK 4.820 0.020 221.8 4.811 10.78 5.19 2,557.0
0.285 0.210 0.240 0.230 9717 SYCAL 0.240 -0.005 6 0.236 72.73 — 99.9 0.130 0.055 0.080 0.080 5078 M&G 0.080 0.005 90 0.080 — — 57.9
0.741 0.417 0.625 0.615 5054 TRC 0.625 UNCH 362.8 0.623 9.26 3.04 300.3 0.715 0.410 0.645 0.635 5077 MAYBULK 0.645 0.010 750.3 0.639 2.41 — 645.0
0.595 0.295 — — 5042 TSRCAP 0.400 — — — — — 69.8 7.500 5.295 7.400 7.260 3816 MISC 7.360 UNCH 5617.5 7.369 21.78 4.08 32,853.5
0.720 0.180 — — 0301 UNIWALL 0.720 — — — 45.00 0.03 263.3 1.512 0.780 1.160 1.130 2194 MMCCORP 1.130 -0.010 545.6 1.140 14.62 3.54 3,440.9
1.170 0.800 0.990 0.965 7070 VIZIONE 0.980 -0.010 681 0.974 7.73 — 551.0 0.380 0.200 — — 9806 NATWIDE 0.220 — — — — — 27.1
0.890 0.465 0.580 0.575 3565 WCEHB 0.575 -0.005 7 0.579 30.26 — 576.6 0.065 0.025 0.040 0.035 6254 PDZ 0.035 UNCH 7968.2 0.035 — — 23.9
1.220 0.647 1.200 1.150 9679 WCT 1.180 0.020 5782.8 1.173 15.25 2.49 1,672.9 4.371 1.220 1.860 1.800 4634 POS 1.830 0.040 5634.5 1.825 — 4.37 1,432.5
0.450 0.150 0.305 0.275 7028 ZECON 0.295 0.025 2862.7 0.293 1.58 — 42.5 0.690 0.295 0.420 0.415 8346 PRKCORP 0.420 0.005 1.4 0.418 — — 42.0
0.125 0.025 0.075 0.070 2283 ZELAN 0.070 -0.005 326.2 0.070 — — 59.1 0.260 0.090 0.215 0.205 5145 SEALINK 0.205 UNCH 4306.4 0.207 — — 102.5
HEALTH CARE 1.195 0.850 — — 7053 SEEHUP 0.850 — — — — 3.71 68.4
0.580 0.350 — — 7191 ADVENTA 0.440 — — — — — 67.2 1.500 1.176 1.390 1.380 6521 SURIA 1.390 0.010 75.8 1.382 9.59 3.90 480.7
2.428 2.100 2.150 2.110 7090 AHEALTH 2.110 -0.020 57.9 2.115 17.42 1.60 994.1 0.405 0.240 0.300 0.280 5173 SYSCORP 0.300 UNCH 426 0.284 — — 360.0
1.430 0.898 1.430 1.390 7148 DPHARMA 1.400 -0.020 492.9 1.406 17.95 3.93 926.6 0.360 0.180 0.275 0.255 5149 TAS 0.275 0.020 192 0.267 28.95 — 49.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY JU LY 25 , 20 1 9 • T H EED 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)
1.741 0.968 1.290 1.210 5140 TASCO 1.210 0.010 2.1 1.214 18.50 4.13 242.0 0.385 0.130 0.180 0.175 2739 HUAAN 0.175 -0.005 2123.6 0.176 9.83 — 196.4
1.120 0.420 0.565 0.545 8397 TNLOGIS 0.555 -0.010 1009.8 0.555 — — 255.7 0.175 0.060 0.095 0.090 5255 ICON 0.095 0.005 1845.5 0.090 — — 111.8
1.150 0.430 0.500 0.490 7218 TOCEAN 0.500 0.010 6.4 0.498 384.62 — 20.5 0.415 0.070 0.415 0.365 7164 KNM 0.410 0.045 280161 0.398 — — 1,067.7
4.150 3.230 4.060 3.980 5246 WPRTS 3.980 -0.100 1144.5 4.023 24.71 2.95 13,571.8 0.970 0.495 0.970 0.920 5186 MHB 0.945 0.075 20040.1 0.944 — — 1,512.0
0.930 0.360 0.480 0.360 5267 XINHWA 0.370 -0.080 1606 0.387 48.68 — 79.9 1.260 0.340 0.775 0.750 5133 PENERGY 0.750 UNCH 86.8 0.759 — 2.67 241.3
PLANTATION 0.540 0.175 0.360 0.345 7108 PERDANA 0.350 UNCH 2459.3 0.352 — — 272.5
0.210 0.140 0.155 0.150 7054 AASIA 0.155 -0.025 277.5 0.151 — — 102.3 0.050 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
17.332 15.675 16.300 16.220 1899 BKAWAN 16.300 0.080 13.7 16.29 16.52 3.37 7,106.0 8.724 5.826 6.100 6.070 3042 PETRONM 6.090 0.020 46.8 6.089 7.83 3.28 1,644.3
7.540 6.350 — — 5069 BLDPLNT 6.730 — — — — 0.45 629.3 0.520 0.165 0.250 0.230 5256 REACH 0.235 -0.005 44792.8 0.238 — — 257.7
1.222 0.646 0.720 0.710 5254 BPLANT 0.720 0.005 139.6 0.714 — 7.64 1,612.8 0.634 0.251 0.310 0.300 5218 SAPNRG 0.305 UNCH 33347.3 0.305 — — 4,873.6
0.736 0.517 0.550 0.540 8982 CEPAT 0.540 0.005 29 0.542 317.65 2.78 172.0 0.145 0.040 0.110 0.095 7158 SCOMI 0.095 -0.010 34183.7 0.100 — — 103.9
7.833 6.170 6.600 6.500 1929 CHINTEK 6.500 -0.100 4 6.588 11.06 2.77 593.9 0.140 0.030 0.105 0.095 7045 SCOMIES 0.095 -0.005 4229.9 0.099 — — 222.5
0.521 0.394 0.450 0.445 3948 DUTALND 0.445 UNCH 380.7 0.446 92.71 — 376.5 4.290 3.477 4.120 4.060 5279 SERBADK 4.080 -0.040 1260.9 4.085 14.57 2.06 5,991.5
3.433 2.501 — — 5029 FAREAST 2.710 — — — 126.05 1.11 1,609.3 0.050 0.005 0.035 0.030 1201 SUMATEC 0.030 UNCH 6004 0.030 — — 127.6
1.750 0.630 1.080 1.060 5222 FGV 1.060 -0.010 3931 1.064 — 4.95 3,867.0 0.579 0.297 0.500 0.490 7228 T7GLOBAL 0.495 UNCH 1280.1 0.494 38.67 1.01 248.3
10.674 8.971 9.900 9.660 2291 GENP 9.820 0.010 214 9.787 74.90 1.32 8,812.1 0.075 0.025 0.060 0.055 7206 THHEAVY 0.055 -0.005 160.1 0.058 4.20 — 61.7
0.495 0.335 — — 7382 GLBHD 0.390 — — — — 2.56 86.9 1.510 0.550 0.685 0.670 7250 UZMA 0.675 UNCH 2964.4 0.678 10.73 — 216.0
1.061 0.530 — — 2135 GOPENG 0.690 — — — 2300 3.62 185.6 0.340 0.165 0.325 0.310 5243 VELESTO 0.320 0.005 63675.9 0.319 — — 2,629.0
0.800 0.340 — — 7501 HARNLEN 0.620 — — — — — 115.0 1.400 0.595 0.720 0.715 5142 WASEONG 0.720 UNCH 269.2 0.719 9.97 — 557.9
2.336 1.470 1.600 1.570 5138 HSPLANT 1.580 0.020 29.4 1.575 69.91 1.58 1,264.0 7.230 4.030 7.200 7.000 7293 YINSON 7.150 0.150 1970.2 7.161 34.93 0.84 7,819.5
2.576 1.283 1.480 1.450 2216 IJMPLNT 1.480 UNCH 30.3 1.480 — 1.35 1,303.3
0.694 0.550 0.585 0.585 2607 INCKEN 0.585 0.005 12 0.585 — 1.83 246.1
0.815 0.605 0.700 0.685 6262 INNO 0.700 UNCH 39.2 0.699 36.08 1.43 335.2
4.698 4.064 4.280
0.802 0.430 0.475
25.611 23.108 23.880 23.620
4.180
0.470
1961
4383
2445
IOICORP
JTIASA
KLK
4.200
0.475
23.640
-0.010
UNCH
-0.040
1693.5
313.5
1262.7
4.197 43.84
0.474 —
23.68 39.51
1.90
1.05
1.90
26,395.5
462.5
25,235.8
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
4.046 3.100 3.340 3.340 2453 KLUANG 3.340 0.080 1 3.340 — 0.29 211.0 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.338 1.130 1.170 1.160 5027 KMLOONG 1.160 UNCH 48.2 1.161 23.29 5.17 1,085.1
0.475 0.365 0.390 0.380 1996 KRETAM 0.390 0.010 113.3 0.380 — — 907.8 CONSUMER PRODUCTS & SERVICES
1.300 0.680 0.775 0.775 6572 KWANTAS 0.775 0.065 10 0.775 — — 241.5 0.740 0.325 0.635 0.610 0098 BAHVEST 0.635 0.015 5690 0.623 144.32 — 777.6
0.950 0.760 — — 4936 MALPAC 0.790 — — — — 12.66 59.3 0.275 0.195 0.205 0.200 0179 BIOHLDG 0.205 0.005 952.5 0.203 13.95 0.54 176.3
0.761 0.546 0.580 0.580 5026 MHC 0.580 UNCH 16 0.580 43.94 2.59 114.0 0.350 0.150 0.210 0.180 0205 DPIH 0.185 -0.005 7609.3 0.195 5.93 — 90.0
2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 0.345 0.095 0.345 0.315 0116 FOCUS 0.330 0.015 35447.5 0.332 — — 674.2
3.632 3.082 — — 2038 NSOP 3.400 — — — — 1.76 238.7 0.580 0.154 0.555 0.540 0157 FOCUSP 0.555 0.005 225.7 0.549 9.93 2.70 91.6
0.690 0.140 0.305 0.300 1902 PINEPAC 0.300 -0.005 32.1 0.302 — — 44.9 0.145 0.075 0.085 0.080 0074 GOCEAN 0.085 0.005 102.1 0.083 12.50 — 24.6
1.310 0.700 0.935 0.895 9695 PLS 0.910 -0.010 288 0.910 — — 319.1 0.100 0.035 0.075 0.065 0170 KANGER 0.065 -0.010 7799.4 0.071 11.61 — 58.1
0.310 0.140 0.185 0.180 5113 RSAWIT 0.185 0.005 69.4 0.180 — — 262.4 0.435 0.325 0.355 0.340 0210 KHJB 0.340 -0.015 3373.1 0.345 12.01 — 129.2
3.849 2.732 — — 2542 RVIEW 2.930 — — — 69.76 1.37 190.0 0.205 0.130 0.160 0.155 0180 KTC 0.155 Unch 279.2 0.155 6.57 — 79.1
3.178 2.740 2.900 2.880 2569 SBAGAN 2.880 -0.030 1.5 2.893 — 0.69 191.0 0.190 0.100 0.105 0.105 0182 LKL 0.105 Unch 100 0.105 — — 45.0
0.495 0.240 — — 4316 SHCHAN 0.300 — — — — — 39.6 0.250 0.100 0.185 0.180 0140 MACPIE 0.185 0.005 346.2 0.180 — — 65.4
5.299 3.934 4.840 4.700 5285 SIMEPLT 4.780 UNCH 1285.3 4.783 61.13 2.15 32,908.3 0.730 0.277 0.460 0.450 0201 NOVA 0.460 0.005 15 0.455 20.81 1.09 146.2
3.055 1.919 2.300 2.300 5126 SOP 2.300 0.050 0.1 2.300 29.30 2.17 1,313.0 0.190 0.100 0.140 0.100 0153 OVERSEA 0.125 0.025 566.9 0.119 — — 30.8
1.844 1.378 1.450 1.380 5135 SWKPLNT 1.390 -0.140 490 1.414 22.10 3.60 389.2 0.135 0.060 0.065 0.065 0022 PARLO 0.065 Unch 115 0.065 — — 23.7
2.760 1.882 2.270 2.240 5012 TAANN 2.260 UNCH 114.4 2.254 12.60 4.42 1,005.3 0.400 0.190 0.200 0.200 0171 PLABS 0.200 Unch 436 0.200 11.30 3.00 42.9
0.300 0.145 0.195 0.190 2054 TDM 0.190 UNCH 596.9 0.190 — — 319.7 0.539 0.434 0.515 0.500 0158 SCC 0.500 Unch 30.1 0.500 10.46 6.80 70.6
0.745 0.455 0.480 0.470 5112 THPLANT 0.470 -0.010 254.5 0.477 — — 415.4 0.260 0.095 0.110 0.110 0148 SUNZEN 0.110 Unch 80 0.110 — — 58.9
1.236 0.870 — — 9059 TSH 0.910 — — — 34.73 1.10 1,257.4 0.387 0.234 0.310 0.305 0197 WEGMANS 0.305 Unch 879.9 0.308 9.68 1.64 152.5
6.505 5.101 5.190 5.190 2593 UMCCA 5.190 -0.070 3 5.190 — 1.54 1,088.3 0.055 0.015 0.030 0.025 0095 XINGHE 0.025 -0.005 1633.1 0.026 — — 64.4
27.000 24.006 26.320 26.200 2089 UTDPLT 26.260 -0.040 8.8 26.27 16.10 1.52 5,465.6 INDUSTRIAL PRODUCTS & SERVICES
TELECOMMUNICATIONS & MEDIA 0.300 0.210 — — 0122 AIM 0.270 — — — — — 71.8
0.180 0.080 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.100 0.060 0.065 0.060 0105 ASIAPLY 0.065 Unch 100.1 0.060 — 7.69 29.5
0.700 0.605 0.625 0.620 7031 AMTEL 0.620 -0.030 6.3 0.624 20.13 — 33.6 0.075 0.040 0.050 0.050 0072 AT 0.050 0.005 511 0.050 — — 23.2
1.838 0.999 1.450 1.430 6399 ASTRO 1.440 -0.020 1249.8 1.445 16.23 5.90 7,508.6 0.250 0.160 0.175 0.170 0187 BCMALL 0.175 0.005 158.7 0.173 9.46 1.14 73.7
5.280 3.161 5.180 5.080 6888 AXIATA 5.150 0.020 3526.9 5.147 — 1.84 47,012.5 0.260 0.150 0.155 0.155 0163 CAREPLS 0.155 -0.005 54 0.155 — — 82.4
0.375 0.120 0.170 0.145 6025 BJMEDIA 0.170 UNCH 10.8 0.168 — — 40.0 0.170 0.075 0.125 0.115 0102 CONNECT 0.120 0.005 5741 0.120 — — 39.5
5.100 3.890 4.970 4.930 6947 DIGI 4.950 -0.040 7339.1 4.955 25.58 3.86 38,486.3 0.309 0.170 0.205 0.205 0190 ESAFE 0.205 Unch 50 0.205 683.3 8.78 49.3
0.395 0.180 — — 0059 ECOHLDS 0.200 — — — — — 32.5 0.237 0.105 — — 0100 ESCERAM 0.160 — — — — 3.75 32.9
0.555 0.300 0.555 0.530 0082 GPACKET 0.550 0.025 51033.8 0.542 — — 499.9 0.548 0.326 0.440 0.430 0039 GFM 0.435 0.005 1563.9 0.435 19.25 2.53 204.8
5.810 5.010 5.690 5.600 6012 MAXIS 5.610 -0.060 987.6 5.623 26.34 3.57 43,872.8 0.235 0.105 0.155 0.145 0175 HHGROUP 0.155 0.010 1074.2 0.153 — — 52.6
0.600 0.325 0.495 0.485 4502 MEDIA 0.485 -0.010 576.6 0.491 13.43 — 538.0 0.145 0.080 0.145 0.130 0160 HHHCORP 0.140 0.010 9279 0.137 13.46 — 46.7
0.295 0.180 0.185 0.180 5090 MEDIAC 0.180 UNCH 254.6 0.181 — 6.50 303.7 0.280 0.115 0.215 0.200 0188 HLT 0.215 0.015 136.6 0.203 — — 110.1
0.680 0.400 0.570 0.550 0172 OCK 0.560 0.005 3365.2 0.560 20.00 — 488.0 0.085 0.035 0.045 0.040 0024 JAG 0.040 -0.005 151.1 0.040 — 4.75 60.6
0.434 0.326 — — 7190 PPG 0.340 — — — 12.59 1.47 34.0 0.297 0.181 0.210 0.205 0193 KAB 0.210 Unch 133 0.206 7.84 4.76 74.3
0.390 0.165 0.195 0.185 5252 SASBADI 0.185 -0.005 1213.8 0.190 108.82 — 77.5 0.170 0.080 0.085 0.085 0167 MCLEAN 0.085 -0.005 0.2 0.085 — — 15.2
0.860 0.510 — — 9431 SJC 0.515 — — — — — 20.9 0.240 0.105 0.105 0.105 0081 MEGASUN 0.105 Unch 20 0.105 35.00 — 26.3
1.232 0.597 0.635 0.630 6084 STAR 0.630 UNCH 255.4 0.630 — 4.76 465.3 0.210 0.130 0.140 0.135 0207 MESTRON 0.140 0.005 1194.2 0.135 — — 110.6
9.350 7.329 9.150 9.100 5031 TIMECOM 9.140 -0.010 328.3 9.132 18.45 1.01 5,341.1 0.135 0.040 0.050 0.045 0177 PASUKGB 0.045 -0.005 746 0.048 — — 36.6
4.680 2.097 4.640 4.450 4863 TM 4.450 -0.120 4862.6 4.522 55.21 0.45 16,722.8 0.225 0.110 — — 0038 PTB 0.135 — — — — — 25.2
0.310 0.050 0.080 0.080 5754 UTUSAN 0.080 -0.020 2 0.080 — — 8.9 0.380 0.170 0.215 0.205 0196 QES 0.205 -0.005 3732.7 0.209 10.85 — 155.5
TECHNOLOGY 0.180 0.045 0.045 0.045 0133 SANICHI 0.045 Unch 2558.8 0.045 — — 49.9
0.700 0.605 0.625 0.620 7031 AMTEL 0.620 -0.030 6.3 0.624 20.13 — 33.6 0.180 0.090 0.115 0.115 0161 SCH 0.115 Unch 160 0.115 — — 63.9
0.210 0.120 0.140 0.135 5195 CENSOF 0.135 UNCH 216.1 0.139 103.85 — 67.7 0.982 0.393 0.745 0.715 0001 SCOMNET 0.720 -0.025 1514.5 0.727 29.75 1.39 463.0
0.345 0.160 0.215 0.200 0051 CUSCAPI 0.200 -0.005 4478.2 0.205 — — 171.9 0.290 0.115 0.195 0.190 0028 SCOPE 0.190 -0.005 447.2 0.192 — 2.63 117.6
0.985 0.515 0.635 0.610 7204 D&O 0.615 0.005 5851.7 0.623 19.90 1.63 682.1 0.170 0.080 0.105 0.100 0055 SERSOL 0.105 0.005 200 0.105 — — 22.6
0.285 0.175 0.190 0.185 8338 DATAPRP 0.190 0.005 991.6 0.185 — — 81.2 0.549 0.241 0.315 0.305 0084 TECFAST 0.305 -0.005 798 0.309 17.94 3.28 69.6
0.095 0.040 0.050 0.050 0029 DIGISTA 0.050 UNCH 220 0.050 — — 32.9 0.695 0.425 0.450 0.425 0089 TEXCYCL 0.440 -0.010 74.4 0.437 16.24 1.36 112.7
0.447 0.192 0.280 0.270 4456 DNEX 0.280 UNCH 6469 0.276 15.82 1.79 492.2 0.390 0.220 0.265 0.255 0162 WIDAD 0.260 -0.005 601.2 0.260 44.07 — 638.2
0.861 0.282 0.740 0.705 5216 DSONIC 0.715 UNCH 14860.5 0.722 26.38 4.20 965.3 0.180 0.115 — — 0025 YBS 0.135 — — — 12.05 — 32.7
0.840 0.345 0.570 0.550 5036 EDARAN 0.550 -0.010 1029.2 0.559 6.65 — 33.0 TECHNOLOGY
0.819 0.370 0.730 0.700 0065 EFORCE 0.710 0.005 17787.6 0.712 42.77 2.11 412.5 0.440 0.175 0.325 0.300 0181 AEMULUS 0.310 Unch 7351.9 0.313 42.47 0.65 170.2
1.430 0.756 1.010 0.970 0090 ELSOFT 0.975 0.005 12276.8 0.989 17.70 4.87 650.7 0.255 0.080 0.095 0.090 0119 APPASIA 0.090 0.005 326.9 0.090 — — 31.1
1.700 0.474 1.670 1.620 0128 FRONTKN 1.650 -0.010 12719.3 1.644 28.21 0.91 1,738.2 0.300 0.155 0.170 0.165 0068 ASDION 0.165 Unch 152 0.170 — — 21.1
0.469 0.300 0.315 0.300 0195 BINACOM 0.310 Unch 932.4 0.304 9.78 3.23 80.6
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.361 0.193 0.210 0.210 0191 CABNET 0.210 Unch 20 0.210 7.98 3.81 37.5
1.860 1.300 1.470 1.430 0021 GHLSYS 1.460 0.030 481.4 1.455 42.94 — 1,093.8 0.185 0.090 — — 0152 DGB 0.110 — — — — — 83.2
0.555 0.300 0.555 0.530 0082 GPACKET 0.550 0.025 51033.8 0.542 — — 499.9 0.100 0.065 0.100 0.095 0131 DGSB 0.095 Unch 1462.8 0.095 67.86 — 70.8
0.275 0.176 0.275 0.260 0056 GRANFLO 0.265 -0.005 3101.7 0.269 12.50 1.89 128.0 0.025 0.010 0.010 0.010 0154 EAH 0.010 Unch 375.3 0.010 — — 50.7
2.777 1.350 1.880 1.810 7022 GTRONIC 1.860 0.050 3791.2 1.855 21.40 1.48 1,244.6 0.065 0.015 0.040 0.035 0107 EDUSPEC 0.035 Unch 1078.2 0.035 — — 38.6
1.390 0.340 1.350 1.220 5028 HTPADU 1.250 0.010 8342.9 1.296 — — 126.5 2.015 1.140 1.180 1.170 0104 GENETEC 1.170 -0.010 108.4 1.178 8.20 4.27 49.5
2.459 1.197 1.700 1.640 0166 INARI 1.670 0.040 22658.4 1.677 25.15 3.41 5,307.9 0.100 0.045 0.060 0.055 0045 GNB 0.060 Unch 131 0.057 — — 17.3
0.357 0.242 0.295 0.285 0192 INTA 0.285 -0.005 1073 0.289 6.60 2.63 152.5 1.190 0.635 1.080 1.050 0208 GREATEC 1.050 -0.010 3019.9 1.058 14.62 — 657.3
0.145 0.070 — — 9393 ITRONIC 0.100 — — — — — 11.3 0.110 0.015 0.025 0.020 0174 IDMENSN 0.020 -0.005 302.5 0.025 — — 5.4
0.345 0.155 0.205 0.195 5161 JCY 0.195 -0.005 2804.9 0.199 — 2.56 405.0 0.506 0.180 0.385 0.370 0023 IFCAMSC 0.370 -0.005 8521.7 0.376 19.68 2.70 225.1
18.077 6.800 7.740 7.560 9334 KESM 7.740 0.200 25.5 7.630 21.80 0.39 332.9 0.120 0.045 0.065 0.055 0094 INIX 0.060 Unch 270.1 0.060 — — 16.3
0.245 0.095 0.115 0.100 0143 KEYASIC 0.105 -0.005 8965.6 0.106 35.00 — 99.8 0.195 0.125 0.160 0.150 0010 IRIS 0.155 0.005 11020.1 0.155 10.69 — 459.8
0.405 0.310 — — 0302 MCOM 0.405 — — — 36.82 — 76.4 0.275 0.195 0.215 0.200 0209 ISTONE 0.205 Unch 14633.8 0.206 — — 250.4
3.321 1.442 1.780 1.740 5286 MI 1.780 0.030 1117 1.771 17.73 3.37 890.0 1.030 0.640 0.795 0.760 0146 JFTECH 0.760 -0.030 23.7 0.785 — — 159.6
1.347 0.630 0.765 0.740 0113 MMSV 0.755 -0.005 302.2 0.750 22.60 2.38 153.9 1.450 0.805 1.320 1.280 0127 JHM 1.320 0.030 3426.6 1.303 19.27 1.52 736.0
12.837 8.436 9.400 9.290 3867 MPI 9.290 -0.160 0.2 9.345 12.86 2.91 1,949.8 0.292 0.163 0.240 0.230 0111 K1 0.235 Unch 525.3 0.235 20.80 — 171.3
1.930 0.950 1.320 1.220 5011 MSNIAGA 1.310 UNCH 17 1.303 — — 79.1 0.080 0.035 0.040 0.035 0036 KGROUP 0.035 -0.005 222.5 0.039 — — 18.2
1.794 0.779 1.690 1.640 0138 MYEG 1.660 -0.020 17095.2 1.670 72.17 1.14 5,986.5 0.781 0.496 0.645 0.625 0176 KRONO 0.630 0.010 9290 0.634 12.96 3.17 308.2
0.275 0.190 0.210 0.205 0041 MYSCM 0.205 -0.005 125 0.209 — — 54.4 0.160 0.055 0.065 0.060 0018 LAMBO 0.065 Unch 3169.3 0.065 7.93 — 136.6
0.778 0.460 0.565 0.550 0083 NOTION 0.560 0.010 2330.4 0.561 3.54 1.79 186.6 0.545 0.275 0.295 0.285 0075 LYC 0.290 Unch 275 0.289 — — 94.2
0.450 0.320 0.425 0.400 9008 OMESTI 0.420 0.015 23.6 0.403 — — 200.8 0.085 0.035 0.040 0.040 0017 M3TECH 0.040 -0.010 4 0.040 — — 23.5
3.760 1.532 3.760 3.630 7160 PENTA 3.670 UNCH 1885.1 3.693 25.09 — 1,742.8 0.425 0.205 — — 0155 MGRC 0.260 — — — — — 26.9
1.340 0.255 0.515 0.505 5204 PRESBHD 0.505 UNCH 6733.3 0.508 — 3.37 244.4 0.600 0.305 0.600 0.575 0126 MICROLN 0.595 0.020 17.3 0.589 108.1 — 99.6
0.535 0.240 0.510 0.490 9075 THETA 0.500 0.005 614.5 0.496 — — 53.6 0.368 0.190 0.230 0.225 0112 MIKROMB 0.225 Unch 314.6 0.227 24.73 3.56 97.0
0.030 0.010 0.020 0.015 0118 TRIVE 0.020 0.005 1300.2 0.016 — — 46.9 0.065 0.035 0.045 0.040 0085 MLAB 0.045 Unch 509.6 0.045 — — 30.2
0.200 0.105 0.125 0.120 4359 TURIYA 0.120 -0.025 1.2 0.124 — — 27.4 0.310 0.200 0.235 0.235 0034 MMAG 0.235 -0.010 25 0.235 — — 163.3
3.264 2.250 2.320 2.270 5005 UNISEM 2.280 -0.060 93.4 2.281 17.34 3.29 1,673.1 0.075 0.035 0.065 0.055 0103 MNC 0.060 -0.005 5400.8 0.060 — — 28.7
1.530 1.100 1.340 1.280 5292 UWC 1.280 -0.060 11461.3 1.313 12.17 — 469.5 0.200 0.100 0.105 0.105 0156 MPAY 0.105 Unch 965.7 0.105 — — 74.6
8.444 5.451 7.010 6.910 0097 VITROX 7.000 0.040 649.6 6.997 30.25 0.82 3,296.7 0.060 0.020 0.030 0.030 0070 MQTECH 0.030 Unch 7313 0.030 — — 19.3
1.050 0.884 1.050 1.040 5162 VSTECS 1.040 UNCH 83.7 1.040 7.59 4.81 187.2 0.120 0.050 — — 0092 MTOUCHE 0.060 — — — — — 30.5
0.601 0.406 0.440 0.430 0008 WILLOW 0.430 -0.005 24 0.437 15.52 2.33 213.3 1.220 0.691 0.855 0.820 0108 N2N 0.820 -0.015 1002.5 0.840 37.10 2.44 490.3
UTILITIES 0.030 0.010 0.020 0.010 0020 NETX 0.015 Unch 109949 0.015 — — 49.1
0.363 0.090 0.165 0.160 7471 EDEN 0.165 UNCH 3577.9 0.163 — — 65.2 0.035 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 2650 0.016 — — 31.1
2.960 2.587 2.890 2.850 5209 GASMSIA 2.850 UNCH 66.7 2.852 20.18 4.74 3,659.4 0.205 0.090 0.105 0.100 0026 NOVAMSC 0.100 -0.005 1527.5 0.100 16.13 — 75.2
0.972 0.715 0.915 0.890 5264 MALAKOF 0.895 -0.015 9671.8 0.895 15.25 6.26 4,475.0 1.024 0.440 0.520 0.475 0035 OPCOM 0.520 0.045 3357.2 0.506 185.7 6.25 83.8
4.007 2.973 3.840 3.810 3069 MFCB 3.830 -0.020 9 3.823 10.74 1.04 1,622.7 0.369 0.271 0.325 0.320 0040 OPENSYS 0.325 0.010 72.3 0.320 9.88 4.62 96.8
1.253 1.002 1.100 1.100 5041 PBA 1.100 UNCH 8 1.100 — 3.18 364.4 0.230 0.040 0.145 0.135 0079 ORION 0.140 -0.005 9145.7 0.140 — — 99.0
19.577 15.755 16.760 16.260 6033 PETGAS 16.280 -0.320 504.5 16.515 17.48 4.42 32,213.8 0.730 0.240 — — 0006 PINEAPP 0.330 — — — — — 16.0
1.360 0.519 1.340 1.310 5272 RANHILL 1.320 0.010 413.2 1.321 30.84 3.28 1,407.1 0.150 0.045 — — 0123 PRIVA 0.060 — — — — — 33.5
0.322 0.211 0.245 0.240 8567 SALCON 0.240 UNCH 611.9 0.240 26.09 3.21 203.3 1.730 0.656 1.690 1.650 0200 REVENUE 1.670 -0.010 1028.6 1.666 41.13 — 387.4
1.030 0.900 0.950 0.945 8524 TALIWRK 0.950 UNCH 899 0.947 19.87 5.05 1,915.0 0.750 0.525 0.650 0.650 0106 REXIT 0.650 0.010 9.5 0.650 14.98 4.62 123.1
15.385 11.240 13.840 13.600 5347 TENAGA 13.740 -0.080 2983.7 13.735 24.68 3.88 78,137.9 0.650 0.200 0.215 0.210 0202 RGTECH 0.215 0.005 154.8 0.211 27.56 — 112.9
1.350 0.980 1.080 1.060 4677 YTL 1.060 -0.010 2092.5 1.071 53.00 3.77 11,598.2 0.310 0.090 0.165 0.155 0178 SEDANIA 0.160 0.005 1056.1 0.160 — — 39.7
1.208 0.790 0.805 0.800 6742 YTLPOWR 0.800 -0.010 482.1 0.802 12.21 6.25 6,526.6 0.610 0.370 — — 0203 SMETRIC 0.540 — — — 163.6 — 131.5
CLOSED-END FUNDS 0.180 0.090 0.105 0.100 0117 SMRT 0.105 -0.005 249.5 0.102 — — 42.7
2.850 2.300 2.320 2.320 5108 ICAP 2.320 UNCH 2 2.320 27.01 — 324.8 0.250 0.055 0.190 0.180 0169 SMTRACK 0.185 0.005 18300 0.183 — — 27.5
EXCHANGE TRADED FUNDS 0.180 0.080 0.100 0.090 0093 SOLUTN 0.095 Unch 730.6 0.094 — — 29.1
1.205 1.100 1.193 1.193 0800EA ABFMY1 1.193 0.006 4.4 1.193 — 1.95 1,542.5 0.340 0.190 0.230 0.230 0129 SRIDGE 0.230 Unch 277.5 0.230 16.55 — 32.3
6.140 5.250 5.810 5.770 0829EA CHINAETF-MYR 5.770 0.080 13.4 5.789 — — 9.5 0.345 0.180 0.195 0.180 0050 SYSTECH 0.185 0.005 2665.2 0.186 123.33 1.08 64.3
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.125 0.065 — — 0132 TDEX 0.070 — — — — — 41.3
1.950 1.780 1.930 1.900 0822EA CIMBA40 1.930 0.020 4.4 1.928 — 3.55 5.2 0.160 0.085 — — 0145 TFP 0.115 — — — — — 23.9
1.690 1.450 1.610 1.600 0823EA CIMBC50 1.610 UNCH 22.4 1.602 — — 11.5 0.430 0.190 0.235 0.225 0005 UCREST 0.230 0.005 5315.1 0.228 5.40 — 106.7
1.910 1.675 1.750 1.750 0820EA FBMKLCI-EA 1.750 0.020 4.1 1.750 — 1.89 2.9 0.330 0.108 0.210 0.200 0060 VC 0.200 -0.005 3337.4 0.205 250.0 — 77.7
1.075 0.960 — — 0826EA METFAPA 0.980 — — — — — 17.6 0.775 0.305 0.430 0.410 0120 VIS 0.425 0.020 6075.6 0.422 11.84 2.35 71.9
1.000 0.790 0.840 0.840 0825EA METFSID 0.840 UNCH 6 0.840 — 2.37 73.9 0.045 0.015 0.020 0.015 0069 VIVOCOM 0.020 Unch 2059 0.019 — — 113.3
1.155 0.900 — — 0827EA METFUS50 1.150 — — — — — 15.0 0.255 0.085 0.225 0.205 0066 VSOLAR 0.205 -0.005 38332 0.214 — — 79.1
1.200 1.020 — — 0821EA MYETFDJ 1.115 — — — — 2.19 305.4 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.210 1.040 1.110 1.100 0824EA MYETFID 1.100 UNCH 96 1.106 — 2.51 43.6 0.155 0.100 — — 0086 YGL 0.120 — — — — — 27.9
REAL ESTATE INVESTMENT TRUSTS TELECOMMUNICATIONS & MEDIA
0.810 0.678 0.795 0.795 4952 AHP 0.795 -0.015 2 0.795 14.10 7.08 174.9 0.469 0.300 0.315 0.300 0195 BINACOM 0.310 Unch 932.4 0.304 9.78 3.23 80.6
1.520 1.141 1.510 1.500 5116 ALAQAR 1.510 0.010 95.2 1.506 12.17 5.37 1,111.3 0.720 0.420 — — 0147 INNITY 0.460 — — — 43.81 — 64.0
0.085 0.035 0.040 0.040 0017 M3TECH 0.040 -0.010 4 0.040 — — 23.5
0.935 0.731 0.910 0.900 5269 ALSREIT 0.910 UNCH 18.2 0.900 12.78 5.96 527.8 0.075 0.035 0.065 0.055 0103 MNC 0.060 -0.005 5400.8 0.060 — — 28.7
0.566 0.486 0.515 0.510 5120 AMFIRST 0.510 UNCH 48.2 0.510 15.94 7.73 350.1 0.120 0.050 — — 0092 MTOUCHE 0.060 — — — — — 30.5
0.850 0.820 0.830 0.830 5127 ARREIT 0.830 UNCH 28.5 0.830 5.79 7.51 475.8 0.035 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 2650 0.016 — — 31.1
1.249 0.981 1.180 1.180 5130 ATRIUM 1.180 UNCH 11 1.180 12.37 6.36 172.5 1.024 0.440 0.520 0.475 0035 OPCOM 0.520 0.045 3357.2 0.506 185.7 6.25 83.8
1.910 1.346 1.870 1.840 5106 AXREIT 1.840 -0.010 965.6 1.857 15.12 4.97 2,276.6 0.150 0.045 — — 0123 PRIVA 0.060 — — — — — 33.5
1.177 0.955 1.070 1.050 5180 CMMT 1.060 UNCH 4211.7 1.060 16.51 7.45 2,166.8 0.190 0.065 0.080 0.075 0007 PUC 0.075 Unch 7425.2 0.079 15.96 — 161.8
1.165 0.975 1.020 1.000 5121 HEKTAR 1.010 UNCH 136.5 1.013 14.87 8.55 466.6 0.415 0.150 0.385 0.375 0032 REDTONE 0.385 0.005 2099.9 0.382 19.06 — 292.1
2.000 1.557 1.990 1.960 5227 IGBREIT 1.970 0.010 4049.5 1.971 20.85 4.69 6,979.6 0.435 0.160 0.190 0.190 0173 REV 0.190 -0.005 24.2 0.190 — — 25.6
0.884 0.715 0.840 0.835 5280 KIPREIT 0.835 -0.005 239.5 0.838 12.08 7.56 421.9 0.310 0.090 0.165 0.155 0178 SEDANIA 0.160 0.005 1056.1 0.160 — — 39.7
8.100 7.138 7.840 7.800 5235SS KLCC 7.810 -0.030 416 7.824 19.37 4.36 14,099.7 0.340 0.190 0.230 0.230 0129 SRIDGE 0.230 Unch 277.5 0.230 16.55 — 32.3
1.120 1.060 1.080 1.070 5123 MQREIT 1.080 0.010 332.4 1.071 16.19 7.32 1,157.5 0.085 0.040 0.055 0.050 0165 XOX 0.050 Unch 3444.7 0.050 — — 54.6
1.920 1.487 1.890 1.870 5212 PAVREIT 1.890 0.010 57.3 1.880 19.63 4.65 5,743.7 FINANCIAL SERVICES
1.950 1.558 1.880 1.850 5176 SUNREIT 1.860 UNCH 2360 1.862 12.97 5.09 5,477.8 0.085 0.040 0.050 0.050 0150 FINTEC 0.050 Unch 930.2 0.050 — — 30.7
0.950 0.850 0.880 0.875 5111 TWRREIT 0.880 0.005 203.8 0.880 35.06 4.66 246.8 0.630 0.405 0.420 0.410 0053 OSKVI 0.410 -0.010 7.4 0.417 — 12.20 81.0
1.480 1.233 1.340 1.320 5110 UOAREIT 1.340 0.010 358 1.331 0.56 6.81 566.6 HEALTH CARE
1.360 1.097 1.330 1.310 5109 YTLREIT 1.330 0.010 255.7 1.322 15.20 5.93 2,266.8 0.260 0.150 0.155 0.155 0163 CAREPLS 0.155 -0.005 54 0.155 — — 82.4
SPAC 0.190 0.100 0.105 0.105 0182 LKL 0.105 Unch 100 0.105 — — 45.0
0.51 0.475 — — 5270 RSENA 0.505 — — — — — 505.0 0.425 0.205 — — 0155 MGRC 0.260 — — — — — 26.9
ENERGY 0.730 0.277 0.460 0.450 0201 NOVA 0.460 0.005 15 0.455 20.81 1.09 146.2
0.155 0.056 0.110 0.105 5115 ALAM 0.110 0.005 8430.4 0.105 — — 104.1 TRANSPORTATION & LOGISTICS
0.750 0.145 0.245 0.235 5210 ARMADA 0.240 UNCH 42475.7 0.241 — — 1,410.4 0.110 0.060 0.070 0.070 0048 ANCOMLB 0.070 Unch 1.5 0.070 — — 33.1
0.175 0.040 0.065 0.060 7251 BARAKAH 0.060 UNCH 1247.4 0.061 — — 50.1 0.285 0.210 0.215 0.210 0080 STRAITS 0.210 -0.005 2498.6 0.211 21.43 — 136.6
0.990 0.201 0.910 0.895 5257 CARIMIN 0.900 -0.005 3495.1 0.903 73.17 1.56 210.5 0.501 0.295 0.355 0.340 0199 TRIMODE 0.340 -0.030 24 0.349 24.46 2.94 56.4
1.370 0.735 1.020 1.000 5071 COASTAL 1.000 -0.020 384.2 1.011 — — 531.9 CONSTRUCTION
0.040 0.005 0.015 0.010 0091 DAYA 0.015 0.005 429.4 0.011 — — 30.6 0.422 0.212 0.340 0.330 0198 GDB 0.340 0.015 794.6 0.336 7.16 5.88 212.5
1.750 0.500 1.440 1.390 5141 DAYANG 1.420 UNCH 11824.1 1.419 7.73 — 1,370.0 0.400 0.235 0.270 0.260 0206 NADIBHD 0.265 Unch 317.3 0.265 4.98 — 199.5
1.304 0.887 0.955 0.930 5132 DELEUM 0.955 0.005 66.2 0.938 13.39 3.66 383.5 0.040 0.010 0.035 0.035 0109 SCBUILD 0.035 Unch 700 0.035 17.50 — 30.9
3.615 2.703 3.530 3.460 7277 DIALOG 3.500 0.030 18235.5 3.500 38.67 0.94 19,745.7 PLANTATION
0.535 0.275 0.415 0.405 7253 HANDAL 0.410 UNCH 909.5 0.411 — — 72.1 0.080 0.070 0.070 0.070 0189 MATANG 0.070 Unch 185 0.070 58.33 2.86 126.7
7.740 4.510 5.100 5.030 4324 HENGYUAN 5.050 UNCH 294.9 5.062 — — 1,515.0 UTILITIES
1.360 0.760 1.060 1.040 5199 HIBISCS 1.040 UNCH 9745.9 1.046 5.44 — 1,651.8 0.364 0.201 0.245 0.245 0011 BTECH 0.245 Unch 285 0.245 14.94 6.53 61.7
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
Main Market & Ace Market Warrants 0.170 0.105 0.115 0.110 516825 HARTA-C25 0.115 Unch 142.8 5.220 5.000 6.80 14/10/2019
0.080 0.070 0.070 0.070 516828 HARTA-C28 0.070 Unch 35 5.220 5.500 13.41 30/04/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.320 0.200 0.230 0.230 7105WA HCK-WA 0.230 Unch 20 1.230 0.960 -3.25 26/09/2027
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.725 0.340 0.350 0.350 5095WB HEVEA-WB 0.350 -0.010 6.4 0.610 0.250 -1.64 28/02/2020
0.215 0.050 0.060 0.060 5072WB HIAPTEK-WB 0.060 0.005 506.7 0.225 0.500 148.89 23/06/2021
0.700 0.350 0.600 0.600 70336 A50CHIN-C36 0.600 0.010 10 7.899 6.751 0.65 30/08/2019 0.100 0.100 0.100 0.100 5199C3 HIBISCS-C3 0.100 Unch 48.5 1.040 1.150 34.62 20/02/2020
0.390 0.100 0.140 0.130 70338 A50CHIN-C38 0.130 0.010 560 7.899 8.702 12.64 30/09/2019 0.175 0.075 0.075 0.075 5199CQ HIBISCS-CQ 0.075 Unch 500 1.040 0.900 4.57 30/08/2019
0.470 0.170 0.260 0.245 70340 A50CHIN-C40 0.250 0.010 1027.2 7.899 8.333 11.82 26/11/2019 0.130 0.025 0.025 0.025 5199CU HIBISCS-CU 0.025 Unch 60 1.040 1.280 27.88 30/08/2019
0.555 0.405 0.450 0.445 70342 A50CHIN-C42 0.445 0.020 500 7.899 7.911 8.60 31/12/2019 0.135 0.045 0.055 0.055 5199CW HIBISCS-CW 0.055 Unch 210 1.040 1.150 21.15 31/12/2019
0.480 0.100 0.145 0.140 70329 A50CHIN-H29 0.140 -0.020 146.1 7.899 7.384 -3.87 30/09/2019 0.060 0.015 0.015 0.015 5199CX HIBISCS-CX 0.015 Unch 2 1.040 1.880 83.65 04/11/2019
0.155 0.025 0.030 0.030 5238WA AAX-WA 0.030 -0.005 310.3 0.230 0.460 113.04 08/06/2020 0.100 0.035 0.035 0.035 5199CY HIBISCS-CY 0.035 Unch 330 1.040 1.300 33.41 31/10/2019
0.175 0.005 0.065 0.060 6599CO AEON-CO 0.060 -0.005 539.1 1.780 1.650 -0.56 31/07/2019 0.145 0.075 0.075 0.075 5199CZ HIBISCS-CZ 0.075 Unch 515 1.040 1.050 18.99 31/10/2019
0.225 0.090 0.215 0.215 6599CR AEON-CR 0.215 0.005 27 1.780 1.450 5.62 31/03/2020 0.665 0.310 0.360 0.350 5199WC HIBISCS-WC 0.350 -0.005 2578.1 1.040 1.060 35.58 19/03/2021
0.120 0.105 0.115 0.110 6599CS AEON-CS 0.110 -0.010 200 1.780 1.880 24.16 31/01/2020 0.155 0.030 0.065 0.065 0188WA HLT-WA 0.065 0.010 20 0.215 0.200 23.26 27/12/2022
0.120 0.005 0.005 0.005 7315WB AHB-WB 0.005 Unch 33.2 0.145 0.200 41.38 28/08/2019 0.230 0.040 0.050 0.045 5160WA HOMERIZ-WA 0.050 0.005 1439.1 0.675 0.920 43.70 09/07/2020
0.220 0.015 0.025 0.025 509971 AIRASIAC71 0.025 Unch 1170 2.860 2.822 0.96 31/07/2019 0.315 0.125 0.275 0.255 5160WB HOMERIZ-WB 0.255 -0.010 9078 0.675 0.540 17.78 03/07/2022
0.160 0.005 0.005 0.005 509977 AIRASIAC77 0.005 -0.015 200 0.718 3.400 375.42 31/07/2019 0.355 0.140 0.220 0.220 0185WA HSSEB-WA 0.220 0.010 20.1 1.130 1.700 69.91 15/03/2023
0.130 0.065 0.095 0.095 509981 AIRASIAC81 0.095 -0.005 100 2.860 2.700 11.01 31/01/2020 0.055 0.020 0.030 0.030 9601WD HWGB-WD 0.030 Unch 82.9 0.085 0.320 311.76 15/03/2021
0.135 0.075 0.090 0.080 509982 AIRASIAC82 0.085 Unch 798 2.860 2.800 8.30 14/10/2019 1.000 0.290 0.375 0.370 9687WB IDEAL-WB 0.375 -0.055 10.5 1.340 1.000 2.61 30/03/2021
0.200 0.090 0.135 0.135 509983 AIRASIAC83 0.135 -0.005 40 2.860 2.880 12.97 31/10/2019 0.140 0.075 0.105 0.100 522512 IHH-C12 0.105 Unch 800 5.750 5.500 4.78 14/10/2019
0.260 0.110 0.220 0.210 509984 AIRASIAC84 0.215 0.005 350 2.860 2.400 6.47 28/02/2020 0.170 0.105 0.145 0.145 522514 IHH-C14 0.145 -0.005 0.4 5.750 5.400 6.52 31/03/2020
0.260 0.190 0.210 0.210 509985 AIRASIAC85 0.210 Unch 120 2.860 2.500 7.97 20/12/2019 0.260 0.110 0.225 0.220 333625 IJM-C25 0.220 -0.005 275.5 2.380 1.750 1.26 03/09/2019
0.130 0.100 0.105 0.100 509987 AIRASIAC87 0.100 Unch 3242.8 2.860 3.400 27.62 31/01/2020 0.150 0.095 0.135 0.135 333626 IJM-C26 0.135 0.005 149.9 2.380 2.000 6.72 29/11/2019
0.205 0.170 0.170 0.170 501410 AIRPORT-C10 0.170 -0.010 29 8.500 8.200 10.47 31/01/2020 0.130 0.070 0.095 0.095 333627 IJM-C27 0.095 Unch 220.4 2.380 2.500 17.02 31/10/2019
0.105 0.010 0.055 0.055 5014C4 AIRPORT-C4 0.055 Unch 120 8.500 8.350 4.06 30/09/2019 0.180 0.090 0.170 0.170 333628 IJM-C28 0.170 Unch 824.2 2.380 2.300 18.07 31/03/2020
0.205 0.055 0.090 0.090 5014C6 AIRPORT-C6 0.090 -0.045 20 8.500 8.300 7.18 23/10/2019 0.210 0.100 0.175 0.175 333630 IJM-C30 0.175 -0.005 20.4 2.380 2.000 6.09 29/11/2019
0.200 0.050 0.170 0.160 5014C8 AIRPORT-C8 0.170 -0.005 2807.8 8.500 8.000 6.12 29/11/2019 0.105 0.010 0.025 0.025 16626 INARI-C26 0.025 0.010 100 1.670 1.850 15.27 30/09/2019
0.185 0.145 0.155 0.150 5014C9 AIRPORT-C9 0.150 -0.010 1.2 8.500 8.000 8.24 30/04/2020 0.180 0.050 0.115 0.105 16631 INARI-C31 0.110 0.010 370 1.670 1.280 -0.30 02/08/2019
0.070 0.035 0.060 0.055 5115WA ALAM-WA 0.060 Unch 3322.9 0.110 0.120 63.64 28/03/2022 0.180 0.045 0.060 0.060 16632 INARI-C32 0.060 0.015 40 1.670 1.500 -0.12 31/07/2019
0.090 0.060 0.060 0.060 101516 AMBANK-C16 0.060 -0.005 10 4.260 4.500 11.27 31/03/2020 0.410 0.125 0.285 0.260 16633 INARI-C33 0.280 0.030 80.8 1.670 1.300 2.99 31/10/2019
0.035 0.015 0.020 0.020 9342WB ANZO-WB 0.020 Unch 35 0.040 0.250 575.00 25/08/2023 0.130 0.025 0.040 0.035 16636 INARI-C36 0.040 0.010 1090 1.670 1.700 8.98 03/09/2019
0.135 0.115 0.135 0.130 521051 ARMADA-C51 0.135 0.020 1570 0.240 0.235 26.04 30/06/2020 0.180 0.040 0.105 0.095 16637 INARI-C37 0.095 0.010 201.2 1.670 1.700 13.17 31/12/2019
0.040 0.015 0.015 0.015 0105WB ASIAPLY-WB 0.015 -0.005 2.5 0.065 0.100 76.92 12/12/2022 0.130 0.040 0.070 0.070 16640 INARI-C40 0.070 0.005 2970 1.670 1.860 22.28 31/10/2019
0.090 0.005 0.020 0.015 639914 ASTRO-C14 0.020 Unch 99.8 1.440 1.800 27.78 29/11/2019 0.125 0.100 0.115 0.110 16643 INARI-C43 0.110 0.005 200 1.670 1.780 29.64 31/01/2020
0.120 0.095 0.100 0.100 639915 ASTRO-C15 0.100 -0.005 370 1.440 1.400 18.06 31/01/2020 0.180 0.150 0.175 0.170 16644 INARI-C44 0.170 0.010 480 1.670 1.500 16.29 31/01/2020
0.200 0.060 0.065 0.065 7099WB ATTA-WB 0.065 0.005 57.5 0.485 0.870 92.78 09/05/2022 0.125 0.105 0.125 0.120 16645 INARI-C45 0.125 0.010 1400 1.670 1.880 35.03 30/06/2020
0.285 0.140 0.230 0.220 7579WA AWC-WA 0.230 0.005 69.1 0.710 0.880 56.34 25/12/2023 2.010 0.710 1.170 1.130 0166WB INARI-WB 1.160 0.060 723.1 1.670 0.533 1.40 17/02/2020
0.160 0.140 0.145 0.145 688842 AXIATA-C42 0.145 Unch 60 5.150 5.600 25.63 31/03/2020 0.070 0.015 0.020 0.015 0094WA INIX-WA 0.020 Unch 197.6 0.060 0.100 100.00 16/11/2020
0.110 0.105 0.110 0.105 688843 AXIATA-C43 0.105 Unch 0.8 5.150 5.500 16.99 29/05/2020 0.265 0.025 0.075 0.060 3379WB INSAS-WB 0.075 0.010 1861.9 0.860 1.000 25.00 25/02/2020
0.090 0.085 0.090 0.085 688844 AXIATA-C44 0.085 Unch 110 5.150 5.380 14.37 14/02/2020 0.020 0.005 0.010 0.005 0024WB JAG-WB 0.010 0.005 320.3 0.040 0.150 300.00 15/11/2020
0.330 0.085 0.230 0.215 7078WA AZRB-WA 0.230 0.015 50 0.430 0.630 100.00 13/05/2024 0.685 0.150 0.555 0.555 4723WB JAKS-WB 0.555 0.005 10 0.805 0.640 48.45 13/12/2023
0.485 0.170 0.350 0.335 0098WA BAHVEST-WA 0.350 0.010 5002.5 0.635 0.430 22.83 20/08/2024 0.105 0.060 0.070 0.070 8923WA JIANKUN-WA 0.070 -0.005 100 0.310 0.320 25.81 23/12/2021
0.080 0.080 0.080 0.080 5248C5 BAUTO-C5 0.080 Unch 2.8 2.580 2.800 17.83 14/02/2020 0.170 0.050 0.105 0.095 0111WC K1-WC 0.100 Unch 1441.9 0.235 0.300 70.21 30/12/2021
0.395 0.115 0.345 0.320 5258WA BIMB-WA 0.320 -0.020 1817.3 4.400 4.720 14.55 04/12/2023 0.065 0.010 0.035 0.025 0170WA KANGER-WA 0.030 -0.005 803.6 0.065 0.100 100.00 13/04/2020
0.085 0.020 0.025 0.025 6998WA BINTAI-WA 0.025 Unch 40 0.130 0.200 73.08 15/06/2020 0.030 0.015 0.025 0.020 3115WC KBUNAI-WC 0.025 Unch 502.2 0.100 0.131 56.00 20/10/2023
0.145 0.060 0.065 0.060 0179WA BIOHLDG-WA 0.065 Unch 316.7 0.205 0.220 39.02 05/01/2022 0.345 0.140 0.330 0.300 7161WB KERJAYA-WB 0.300 -0.020 1301.8 1.420 1.600 33.80 28/02/2023
0.095 0.045 0.055 0.050 3239WB BJASSET-WB 0.055 0.010 271 0.310 0.350 30.65 09/06/2023 0.025 0.005 0.005 0.005 0036WB KGROUP-WB 0.005 Unch 244.5 0.035 0.200 485.71 01/05/2020
0.105 0.055 0.065 0.060 3395WC BJCORP-WC 0.065 Unch 16 0.260 1.000 309.62 29/05/2026 0.315 0.010 0.290 0.250 7164WB KNM-WB 0.285 0.030 101706 0.410 1.000 213.41 21/04/2020
0.030 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 10121 0.045 0.070 100.00 08/11/2025 0.090 0.010 0.075 0.070 7017WB KOMARK-WB 0.075 0.005 679.9 0.275 0.230 10.91 21/01/2020
0.035 0.015 0.020 0.020 7036WD BORNOIL-WD 0.020 Unch 1100 0.045 0.070 100.00 29/05/2027 0.110 0.085 0.085 0.085 7153CZ KOSSAN-CZ 0.085 -0.005 25 4.080 4.250 14.58 23/10/2019
0.075 0.030 0.050 0.050 7188WB BTM-WB 0.050 Unch 10.6 0.110 0.200 127.27 23/10/2024 0.035 0.005 0.015 0.010 0018WB LAMBO-WB 0.015 0.005 1825.2 0.065 0.160 169.23 29/04/2024
0.115 0.115 0.115 0.115 181826 BURSA-C26 0.115 Unch 20 6.960 6.880 7.11 14/02/2020 0.430 0.125 0.175 0.170 9385WA LAYHONG-WA 0.170 Unch 1172.3 0.420 0.400 35.71 13/10/2021
0.795 0.300 0.325 0.315 7174WA CAB-WA 0.320 0.005 79.9 0.500 0.170 -2.00 08/02/2020 0.260 0.165 0.170 0.165 8494WB LBICAP-WB 0.170 0.005 10.1 0.720 0.500 -6.94 24/06/2024
0.463 0.155 0.175 0.175 7154WA CAELY-WA 0.175 Unch 10 0.370 0.190 -1.35 22/04/2021 0.425 0.095 0.125 0.110 5789WB LBS-WB 0.125 Unch 38.9 0.535 0.560 28.04 04/10/2020
0.190 0.005 0.005 0.005 7076WA CBIP-WA 0.005 Unch 228 0.334 2.400 620.06 06/11/2019 0.160 0.030 0.055 0.055 8745WB LEWEKO-WB 0.055 -0.005 7.6 0.220 0.200 15.91 08/09/2020
0.270 0.070 0.105 0.105 7035WA CCK-WA 0.105 Unch 483.4 0.530 0.900 89.62 18/06/2023 0.085 0.030 0.035 0.030 6633CC LHI-CC 0.035 0.005 200.1 0.920 1.100 25.27 31/03/2020
0.500 0.205 0.260 0.240 5738WB CHHB-WB 0.260 Unch 7.5 1.450 1.200 0.69 20/12/2023 0.075 0.040 0.040 0.040 6633CG LHI-CG 0.040 -0.020 200 0.920 1.180 36.96 30/04/2020
0.075 0.040 0.040 0.040 102349 CIMB-C49 0.040 -0.005 10 5.170 5.880 17.60 04/11/2019 0.060 0.050 0.060 0.050 6633CK LHI-CK 0.050 Unch 1557.1 0.920 0.950 14.13 28/02/2020
0.170 0.105 0.110 0.110 102350 CIMB-C50 0.110 Unch 200 5.170 5.200 9.09 31/10/2019 0.145 0.005 0.015 0.005 7126WA LONBISC-WA 0.010 -0.005 2745 0.155 0.800 422.58 26/01/2020
0.075 0.045 0.050 0.045 102352 CIMB-C52 0.050 Unch 10 5.170 5.950 19.92 20/12/2019 0.055 0.020 0.020 0.020 5068WA LUSTER-WA 0.020 -0.005 15 0.075 0.100 60.00 03/06/2022
0.085 0.065 0.085 0.065 285217 CMSB-C17 0.085 Unch 585 2.860 3.150 19.06 14/02/2020 0.060 0.010 0.025 0.020 0140WA MACPIE-WA 0.025 Unch 299.5 0.185 0.480 172.97 17/02/2021
0.070 0.010 0.050 0.035 0102WA CONNECT-WA 0.035 -0.005 910.6 0.120 0.100 12.50 17/09/2021 0.340 0.135 0.340 0.295 7617WB MAGNA-WB 0.305 0.045 243.7 1.150 0.900 4.78 04/09/2020
0.070 0.010 0.045 0.040 0102WB CONNECT-WB 0.045 0.005 542.7 0.120 0.100 20.83 07/06/2021 0.100 0.005 0.030 0.010 8583WC MAHSING-WC 0.020 0.010 21715.6 0.925 2.100 129.19 21/02/2020
0.440 0.125 0.300 0.300 5276WA DANCO-WA 0.300 Unch 195 0.545 0.300 10.09 22/05/2022 0.090 0.035 0.040 0.040 526421 MALAKOFC21 0.040 Unch 52 0.895 0.850 3.91 03/09/2019
0.015 0.005 0.010 0.010 7179WB DBE-WB 0.010 0.005 1 0.030 0.050 100.00 22/01/2022 0.145 0.090 0.125 0.120 526425 MALAKOFC25 0.125 -0.005 0.8 0.895 0.830 6.70 31/03/2020
0.140 0.030 0.080 0.070 3484WA DBHD-WA 0.080 0.005 236 0.430 0.580 53.49 27/11/2020 0.275 0.070 0.075 0.070 5236WA MATRIX-WA 0.075 Unch 1517.2 1.920 2.400 28.91 20/07/2020
0.075 0.005 0.020 0.020 0152WB DGB-WB 0.020 Unch 105 0.110 0.120 27.27 27/06/2021 0.165 0.135 0.145 0.145 601211 MAXIS-C11 0.145 Unch 80 5.610 5.280 9.63 30/04/2020
0.035 0.002 0.005 0.005 727737 DIALOG-C37 0.005 Unch 205 1.160 3.500 203.02 31/07/2019 0.065 0.020 0.020 0.020 115552 MAYBANKC52 0.020 Unch 10 8.760 9.500 10.05 29/11/2019
0.160 0.075 0.090 0.090 727742 DIALOG-C42 0.090 -0.010 555 3.500 3.500 6.43 30/08/2019 0.265 0.050 0.050 0.050 115554 MAYBANKC54 0.050 -0.010 900 8.760 10.400 20.15 31/10/2019
0.100 0.035 0.055 0.050 727743 DIALOG-C43 0.050 Unch 210 3.500 3.400 2.86 03/09/2019 0.145 0.085 0.090 0.085 115557 MAYBANKC57 0.090 -0.005 525 8.760 9.300 11.30 20/12/2019
0.085 0.045 0.080 0.080 727744 DIALOG-C44 0.080 0.010 50 3.500 3.400 6.29 31/12/2019 0.060 0.045 0.050 0.045 115559 MAYBANKC59 0.045 Unch 210.9 8.760 9.000 7.36 30/04/2020
0.165 0.130 0.155 0.155 727746 DIALOG-C46 0.155 0.005 2398.6 3.500 3.280 11.43 31/03/2020 0.535 0.250 0.420 0.420 5152WA MBL-WA 0.420 Unch 10 1.230 0.800 -0.81 28/11/2022
0.125 0.105 0.105 0.105 694731 DIGI-C31 0.105 Unch 200 4.950 5.050 11.57 20/12/2019 0.205 0.205 0.205 0.205 5983CI MBMR-CI 0.205 Unch 400 3.300 3.880 30.00 11/02/2020
0.150 0.045 0.070 0.065 4456WD DNEX-WD 0.070 Unch 1867.3 0.280 0.500 103.57 30/07/2021 0.050 0.005 0.015 0.010 117121 MBSB-C21 0.010 Unch 70.3 0.895 1.100 24.30 31/12/2019
0.415 0.105 0.160 0.155 7114WA DNONCE-WA 0.155 Unch 50.3 0.380 0.250 6.58 25/11/2020 0.055 0.020 0.020 0.020 117124 MBSB-C24 0.020 Unch 21 0.895 1.000 15.08 28/02/2020
0.050 0.015 0.030 0.030 7198WB DPS-WB 0.030 Unch 100 0.065 0.100 100.00 15/01/2025 0.070 0.070 0.070 0.070 117125 MBSB-C25 0.070 Unch 200 0.895 0.880 8.10 28/02/2020
0.430 0.095 0.430 0.365 161970 DRBHCOMC70 0.425 0.070 1764.2 2.640 1.800 0.38 31/10/2019 0.105 0.045 0.095 0.095 5040WA MERIDIAN-WA 0.095 0.040 31 0.200 0.500 197.50 13/08/2021
0.245 0.110 0.245 0.225 161972 DRBHCOMC72 0.245 0.055 480 2.640 1.880 0.91 30/08/2019 0.035 0.010 0.015 0.015 5040WC MERIDIAN-WC 0.015 Unch 280 0.200 0.800 307.50 24/08/2024
0.195 0.075 0.195 0.160 161973 DRBHCOMC73 0.190 0.045 2340.2 2.640 2.100 1.14 03/09/2019 0.140 0.050 0.105 0.105 7234WA MESB-WA 0.105 0.005 1.5 0.300 0.300 35.00 27/12/2022
0.170 0.060 0.170 0.145 161974 DRBHCOMC74 0.170 0.040 6594.1 2.640 2.350 7.05 30/09/2019 1.940 1.010 1.610 1.610 3069WA MFCB-WA 1.610 -0.010 0.7 3.830 2.220 0.00 08/04/2020
0.245 0.065 0.245 0.210 161975 DRBHCOMC75 0.230 0.035 10731.5 2.640 2.000 1.89 31/12/2019 0.570 0.125 0.380 0.365 3662WC MFLOUR-WC 0.370 0.005 1984.8 0.695 0.680 51.08 23/01/2024
0.160 0.070 0.160 0.155 161976 DRBHCOMC76 0.160 0.020 463.2 2.640 2.380 8.33 14/10/2019 0.160 0.150 0.160 0.150 518614 MHB-C14 0.150 Unch 1876.2 0.945 0.880 24.87 11/02/2020
0.250 0.110 0.250 0.215 161977 DRBHCOMC77 0.240 -0.010 850.4 2.640 2.100 6.82 26/11/2019 0.106 0.035 0.055 0.045 5576WC MINHO-WC 0.055 Unch 1.6 0.270 0.320 38.89 02/08/2021
0.280 0.120 0.280 0.280 161978 DRBHCOMC78 0.280 0.030 3 2.640 1.950 3.56 31/10/2019 0.150 0.050 0.090 0.075 9571WE MITRA-WE 0.090 0.010 0.7 0.350 0.940 194.29 17/04/2023
0.195 0.060 0.195 0.165 161979 DRBHCOMC79 0.195 0.040 796.1 2.640 2.200 5.49 28/02/2020 0.010 0.003 0.005 0.005 0085WB MLAB-WB 0.005 Unch 38 0.045 0.150 244.44 10/09/2020
0.180 0.095 0.180 0.180 161980 DRBHCOMC80 0.180 0.040 32.2 2.640 2.500 15.15 23/12/2019 0.070 0.030 0.045 0.045 219412 MMCCORPC12 0.045 0.005 9 1.130 1.200 20.13 30/09/2019
0.165 0.075 0.165 0.140 161981 DRBHCOMC81 0.160 0.030 11432.3 2.640 2.700 19.24 20/12/2019 0.030 0.005 0.015 0.010 0103WA MNC-WA 0.015 Unch 3670.2 0.060 0.100 91.67 05/11/2021
0.215 0.090 0.215 0.185 161982 DRBHCOMC82 0.210 0.040 2241.1 2.640 2.100 3.41 29/11/2019 0.025 0.005 0.015 0.010 0070WA MQTECH-WA 0.010 Unch 1144.1 0.030 0.100 266.67 21/11/2021
0.195 0.115 0.195 0.175 161983 DRBHCOMC83 0.195 0.030 6128.5 2.640 2.100 9.09 29/05/2020 0.210 0.070 0.070 0.070 165143 MRCB-C43 0.070 Unch 570.1 0.930 0.950 13.44 30/09/2019
0.270 0.050 0.255 0.235 5216WA DSONIC-WA 0.245 0.005 12050.3 0.715 1.090 86.71 05/07/2023 0.060 0.035 0.035 0.035 165149 MRCB-C49 0.035 Unch 1150 0.930 1.200 38.44 20/12/2019
0.850 0.170 0.230 0.215 7165WA DWL-WA 0.230 0.015 920.2 0.655 0.600 26.72 07/04/2021 0.370 0.180 0.260 0.250 1651WB MRCB-WB 0.255 -0.005 962.8 0.930 1.250 61.83 29/10/2027
0.090 0.030 0.040 0.040 5178WA DYNACIA-WA 0.040 Unch 186 0.090 0.120 77.78 26/12/2023 0.035 0.005 0.005 0.005 0092WB MTOUCHE-WB 0.005 Unch 83.5 0.060 0.480 708.33 16/03/2020
0.015 0.005 0.005 0.005 0154WE EAH-WE 0.005 Unch 476.7 0.010 0.035 300.00 22/04/2023 0.045 0.005 0.010 0.005 0092WC MTOUCHE-WC 0.010 Unch 611 0.060 0.200 250.00 02/11/2020
0.090 0.005 0.010 0.010 3557WC ECOFIRS-WC 0.010 0.005 2 0.305 0.300 1.64 10/09/2019 0.040 0.015 0.025 0.015 0043WA MTRONIC-WA 0.020 -0.005 33809 0.070 0.080 42.86 16/04/2022
0.320 0.070 0.240 0.230 5253WA ECONBHD-WA 0.230 -0.005 1996.7 0.855 1.250 73.10 02/01/2023 0.095 0.005 0.005 0.005 13853 MYEG-C53 0.005 Unch 30 1.640 1.850 13.81 31/07/2019
0.325 0.120 0.150 0.135 8206WA ECOWLD-WA 0.150 0.015 240.7 0.780 2.080 185.90 26/03/2022 0.325 0.110 0.270 0.270 13857 MYEG-C57 0.270 -0.005 10.3 1.660 1.000 0.90 30/08/2019
0.150 0.030 0.060 0.055 7471WB EDEN-WB 0.055 Unch 387.1 0.165 0.300 115.15 13/08/2021 0.215 0.060 0.160 0.155 13858 MYEG-C58 0.155 -0.005 5350 1.660 1.200 0.30 02/08/2019
0.315 0.065 0.070 0.070 8907WC EG-WC 0.070 Unch 88.5 0.375 0.500 52.00 03/11/2020 0.300 0.105 0.265 0.260 13859 MYEG-C59 0.260 -0.015 145.1 1.660 0.880 0.00 30/08/2019
0.095 0.065 0.075 0.070 8877CU EKOVEST-CU 0.075 Unch 4550.7 0.840 1.100 52.38 20/12/2019 0.390 0.115 0.320 0.315 13860 MYEG-C60 0.320 0.005 10.4 1.660 1.100 4.82 29/11/2019
0.130 0.075 0.110 0.105 8877CX EKOVEST-CX 0.105 Unch 749 0.840 0.880 29.76 30/04/2020 0.220 0.075 0.165 0.160 13861 MYEG-C61 0.165 Unch 3125.1 1.660 1.300 8.13 30/09/2019
0.145 0.105 0.125 0.125 8877CY EKOVEST-CY 0.125 Unch 5497.3 0.840 0.830 28.57 29/05/2020 0.295 0.100 0.240 0.240 13862 MYEG-C62 0.240 Unch 159 1.660 1.100 2.41 17/09/2019
0.085 0.085 0.085 0.085 8877CZ EKOVEST-CZ 0.085 Unch 443.2 0.840 1.000 43.33 11/02/2020 0.240 0.090 0.170 0.165 13863 MYEG-C63 0.165 -0.005 391.2 1.660 1.200 2.11 23/10/2019
0.340 0.095 0.110 0.105 5283WA EWINT-WA 0.110 Unch 684 0.670 1.450 132.84 04/04/2022 0.195 0.085 0.125 0.120 13865 MYEG-C65 0.125 Unch 2379 1.660 1.500 11.45 30/09/2019
0.180 0.010 0.010 0.010 7047WB FAJAR-WB 0.010 Unch 129.4 0.400 0.700 77.50 24/09/2019 0.200 0.100 0.160 0.155 13866 MYEG-C66 0.160 Unch 937.2 1.660 1.350 10.24 29/11/2019
0.295 0.155 0.165 0.165 06505Y FBMKLCI-C5Y 0.165 -0.025 2 1,652 1,670 4.06 30/09/2019 0.180 0.070 0.105 0.100 13868 MYEG-C68 0.100 -0.005 6655.4 1.660 1.850 25.30 31/10/2019
0.080 0.030 0.040 0.040 06507A FBMKLCI-C7A 0.040 -0.005 205 1,652 1,650 1.55 31/10/2019 0.165 0.065 0.105 0.105 13869 MYEG-C69 0.105 -0.005 112.6 1.660 1.650 18.37 31/01/2020
0.110 0.045 0.075 0.065 06507B FBMKLCI-C7B 0.065 -0.010 888.8 1,652 1,625 1.10 29/11/2019 0.150 0.085 0.110 0.110 13873 MYEG-C73 0.110 -0.005 37 1.660 1.500 16.87 30/04/2020
0.215 0.150 0.160 0.160 06507E FBMKLCI-C7E 0.160 0.010 55 1,652 1,660 5.30 31/01/2020 0.105 0.105 0.105 0.105 13875 MYEG-C75 0.105 Unch 30 1.660 1.700 21.39 28/02/2020
0.040 0.035 0.035 0.035 06507H FBMKLCI-C7H 0.035 -0.005 300 1,652 1,700 4.36 31/01/2020 0.305 0.210 0.270 0.255 0108WB N2N-WB 0.255 -0.005 251.9 0.820 0.830 32.32 08/01/2024
0.180 0.010 0.045 0.045 06506T FBMKLCI-H6T 0.045 Unch 2 1,652 1,690 4.18 31/07/2019 0.020 0.005 0.005 0.005 0096WA NEXGRAM-WA 0.005 Unch 133.3 0.015 0.100 600.00 16/05/2022
0.335 0.040 0.040 0.040 06506V FBMKLCI-H6V 0.040 -0.015 30 1,199 1,640 37.67 31/07/2019 0.020 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 10 0.015 0.100 600.00 15/01/2024
0.200 0.035 0.070 0.070 06506X FBMKLCI-H6X 0.070 -0.015 113.6 1,652 1,695 5.54 30/08/2019 0.335 0.060 0.170 0.150 7241WA NGGB-WA 0.155 -0.015 1170.4 0.440 0.600 71.59 18/10/2020
0.250 0.030 0.065 0.060 06508C FBMKLCI-H8C 0.065 0.010 405.5 1,652 1,650 2.61 31/10/2019 0.045 0.010 0.035 0.035 7139WB NICE-WB 0.035 Unch 176.1 0.060 0.060 58.33 22/01/2024
0.145 0.035 0.055 0.055 06508D FBMKLCI-H8D 0.055 0.005 100 1,652 1,625 0.67 29/11/2019 0.095 0.045 0.065 0.060 7215WB NIHSIN-WB 0.065 Unch 890.4 0.180 0.138 12.78 13/05/2022
0.160 0.145 0.155 0.145 06508J FBMKLCI-H8J 0.155 0.010 397 1,652 1,700 9.45 31/01/2020 0.410 0.150 0.245 0.220 0083WC NOTION-WC 0.230 0.030 352.2 0.560 0.840 91.07 14/03/2023
0.105 0.105 0.105 0.105 06508K FBMKLCI-H8K 0.105 Unch 200 1,652 1,689 8.57 30/06/2020 0.180 0.060 0.080 0.075 0172WA OCK-WA 0.080 Unch 1034.2 0.560 0.710 41.07 15/12/2020
0.065 0.065 0.065 0.065 06508L FBMKLCI-H8L 0.065 -0.085 20 1,652 1,589 0.10 30/06/2020 0.125 0.045 0.060 0.060 7071WD OCR-WD 0.060 -0.005 861 0.230 0.220 21.74 18/02/2022
0.140 0.030 0.035 0.030 522262 FGV-C62 0.035 0.005 412 1.060 1.200 23.11 23/10/2019 0.145 0.015 0.080 0.075 0079WA ORION-WA 0.080 Unch 1033.3 0.140 0.170 78.57 26/07/2022
0.280 0.075 0.075 0.075 522265 FGV-C65 0.075 Unch 300 1.060 0.950 2.36 02/08/2019 0.155 0.030 0.035 0.030 5053WC OSK-WC 0.030 -0.005 55.4 0.950 1.200 29.47 22/07/2020
0.575 0.220 0.290 0.280 522267 FGV-C67 0.280 -0.015 198.9 1.060 0.800 1.89 31/10/2019 0.365 0.100 0.175 0.140 5260WA OWG-WA 0.170 0.030 2691.1 0.560 0.800 73.21 29/09/2023
0.160 0.025 0.035 0.025 522270 FGV-C70 0.025 -0.005 390 1.060 1.300 26.18 29/11/2019 0.227 0.190 0.215 0.200 8419WA PANSAR-WA 0.215 -0.005 3.2 0.470 0.630 79.79 06/06/2023
0.120 0.015 0.020 0.015 522273 FGV-C73 0.020 Unch 1310.1 1.060 1.380 34.34 30/09/2019 0.180 0.045 0.095 0.090 5125WA PANTECH-WA 0.090 -0.010 318.8 0.490 0.500 20.41 21/12/2020
0.150 0.065 0.065 0.065 522276 FGV-C76 0.065 -0.005 195 1.060 1.150 20.75 28/02/2020 0.175 0.060 0.110 0.110 5125WB PANTECH-WB 0.110 -0.005 181.2 0.490 0.500 24.49 21/12/2021
0.080 0.060 0.065 0.060 522278 FGV-C78 0.060 -0.005 2190 1.060 1.180 26.60 31/01/2020 0.055 0.025 0.025 0.025 7225WB PA-WB 0.025 Unch 1800 0.050 0.060 70.00 17/12/2022
0.040 0.015 0.015 0.015 0150WB FINTEC-WB 0.015 Unch 270 0.050 0.150 230.00 03/12/2022 0.220 0.135 0.135 0.135 129532 PBBANK-C32 0.135 -0.015 15 22.699 23.330 8.73 29/11/2019
0.055 0.005 0.005 0.005 9318WB FITTERS-WB 0.005 Unch 293.2 0.420 1.000 139.29 12/10/2019 0.100 0.040 0.055 0.050 129533 PBBANK-C33 0.055 Unch 42 22.700 23.000 4.96 31/01/2020
0.265 0.070 0.265 0.255 0116WC FOCUS-WC 0.265 0.020 29 0.330 0.050 -4.55 06/11/2019 0.315 0.035 0.225 0.210 6068WA PCCS-WA 0.225 0.015 5783.2 0.515 0.600 60.19 25/12/2022
0.185 0.155 0.180 0.170 0128CA FRONTKN-CA 0.175 -0.005 3096.5 1.650 1.380 15.45 30/06/2020 0.165 0.005 0.005 0.005 518327 PCHEM-C27 0.005 -0.005 295 3.825 8.600 125.88 30/08/2019
2.180 0.510 2.180 2.050 7184WA G3-WA 2.100 0.080 32.8 2.230 0.100 -1.35 02/10/2022 0.160 0.010 0.020 0.010 518329 PCHEM-C29 0.010 -0.005 2628 7.500 8.500 14.40 17/09/2019
0.450 0.075 0.315 0.300 9261WB GADANG-WB 0.305 0.005 3819.5 0.910 1.060 50.00 29/11/2021 0.200 0.015 0.015 0.015 518330 PCHEM-C30 0.015 -0.005 600 7.500 8.900 19.97 23/10/2019
0.400 0.070 0.380 0.380 539859 GAMUDA-C59 0.380 Unch 1.5 3.850 2.350 0.52 30/08/2019 0.115 0.020 0.020 0.020 518331 PCHEM-C31 0.020 Unch 600 7.500 9.150 23.87 31/12/2019
0.215 0.095 0.160 0.160 539865 GAMUDA-C65 0.160 -0.005 20 3.850 3.600 12.21 31/10/2019 0.105 0.020 0.020 0.020 518332 PCHEM-C32 0.020 -0.005 100 7.500 9.280 25.87 31/01/2020
0.280 0.110 0.260 0.260 539867 GAMUDA-C67 0.260 0.010 2.2 3.850 3.000 4.94 31/01/2020 0.085 0.025 0.030 0.025 518333 PCHEM-C33 0.025 -0.005 4525.9 7.500 8.880 21.40 31/01/2020
0.215 0.180 0.185 0.185 539870 GAMUDA-C70 0.185 Unch 200 3.850 3.500 14.94 29/05/2020 0.075 0.050 0.055 0.050 518334 PCHEM-C34 0.050 -0.005 657 7.500 8.880 23.73 30/06/2020
0.200 0.135 0.135 0.135 539871 GAMUDA-C71 0.135 Unch 380 3.850 4.500 30.91 31/01/2020 0.050 0.050 0.050 0.050 518335 PCHEM-C35 0.050 Unch 496.1 7.500 8.880 23.73 11/02/2020
0.110 0.105 0.105 0.105 539873 GAMUDA-C73 0.105 Unch 126.5 3.850 4.180 24.94 30/06/2020 0.030 0.005 0.015 0.015 6254WB PDZ-WB 0.015 Unch 100.2 0.035 0.100 228.57 29/01/2023
0.670 0.125 0.345 0.335 5398WE GAMUDA-WE 0.345 Unch 778.8 3.850 4.050 14.16 06/03/2021 0.335 0.195 0.320 0.320 7160CA PENTA-CA 0.320 -0.015 60 3.670 2.700 8.45 29/05/2020
0.520 0.135 0.505 0.440 5226WB GBGAQRS-WB 0.505 0.060 10331.7 1.500 1.120 8.33 26/09/2023 0.350 0.170 0.305 0.305 7160CB PENTA-CB 0.305 0.015 10 3.670 2.920 12.81 29/05/2020
0.370 0.165 0.230 0.230 5102CA GCB-CA 0.230 0.010 28 3.710 2.800 0.27 30/08/2019 0.250 0.165 0.250 0.225 7160CC PENTA-CC 0.230 Unch 681.4 3.670 3.400 14.58 31/01/2020
0.225 0.095 0.125 0.115 5102CB GCB-CB 0.115 0.005 210.1 3.710 3.650 12.33 23/10/2019 0.190 0.140 0.190 0.170 7160CD PENTA-CD 0.180 0.010 2476.4 3.670 3.500 17.44 20/02/2020
0.140 0.035 0.040 0.040 5102CD GCB-CD 0.040 Unch 50.1 3.710 4.500 26.15 30/09/2019 0.205 0.190 0.205 0.190 7160CE PENTA-CE 0.190 Unch 318.8 3.670 3.400 13.35 28/02/2020
0.250 0.065 0.130 0.105 5102CF GCB-CF 0.115 0.015 2021 3.710 3.500 6.74 14/10/2019 0.150 0.025 0.035 0.030 8311WC PESONA-WC 0.030 Unch 1312 0.250 0.250 12.00 27/01/2020
0.060 0.035 0.040 0.040 0078CO GDEX-CO 0.040 0.005 722 0.300 0.350 30.00 28/02/2020 0.120 0.055 0.060 0.055 6033CT PETGAS-CT 0.055 -0.035 1.2 16.280 17.880 14.90 31/01/2020
0.255 0.030 0.040 0.040 0078WB GDEX-WB 0.040 Unch 879 0.300 0.383 40.83 05/02/2020 0.005 0.005 0.005 0.005 4464WB PHB-WB 0.005 Unch 620 0.010 0.010 50.00 20/06/2022
0.155 0.035 0.060 0.060 471546 GENM-C46 0.060 0.015 640 3.700 3.321 -2.33 31/07/2019 2.260 1.200 1.300 1.300 7172WA PMBTECH-WA 1.300 0.020 4 3.130 3.010 37.70 12/07/2023
0.145 0.055 0.100 0.100 471548 GENM-C48 0.100 0.045 39.8 3.700 3.106 -1.54 02/08/2019 0.155 0.065 0.070 0.070 886926 PMETAL-C26 0.070 0.005 80 4.450 4.600 12.02 30/09/2019
0.225 0.075 0.225 0.170 471550 GENM-C50 0.225 0.070 5551 3.700 3.077 0.97 31/10/2019 0.160 0.075 0.090 0.090 886927 PMETAL-C27 0.090 0.005 10 4.450 4.300 6.74 31/12/2019
0.220 0.140 0.210 0.180 471552 GENM-C52 0.210 0.040 11580.3 3.700 2.813 3.74 30/09/2019 4.880 3.450 4.050 3.950 8869WC PMETAL-WC 4.050 Unch 20.4 4.450 0.390 -0.22 22/08/2019
0.130 0.055 0.090 0.075 471553 GENM-C53 0.090 0.030 551 3.700 3.321 1.63 03/09/2019 0.620 0.425 0.500 0.500 7088WB POHUAT-WB 0.500 Unch 30 1.530 1.000 -1.96 21/10/2020
0.100 0.035 0.100 0.060 471554 GENM-C54 0.095 0.040 5912.6 3.700 3.565 6.38 31/12/2019 0.063 0.003 0.010 0.005 463427 POS-C27 0.010 0.005 333.7 1.830 3.000 66.67 30/09/2019
0.080 0.030 0.055 0.040 471555 GENM-C55 0.055 0.025 180 3.700 4.100 17.95 30/09/2019 0.240 0.010 0.075 0.065 463433 POS-C33 0.075 0.005 4669.4 1.830 2.000 17.49 31/10/2019
0.125 0.075 0.125 0.100 471556 GENM-C56 0.125 0.030 130 3.700 3.500 9.80 26/11/2019 0.105 0.010 0.035 0.030 463434 POS-C34 0.035 0.005 414.1 1.830 2.380 37.70 29/11/2019
0.170 0.095 0.170 0.150 471557 GENM-C57 0.170 0.065 213 3.700 3.300 7.57 28/02/2020 0.115 0.030 0.090 0.080 463435 POS-C35 0.085 0.005 2886.9 1.830 1.900 22.40 20/12/2019
0.135 0.065 0.135 0.100 471558 GENM-C58 0.135 0.040 30589.5 3.700 3.650 10.32 31/10/2019 0.145 0.035 0.065 0.060 5070WA PRTASCO-WA 0.065 Unch 28.2 0.275 0.750 196.36 25/04/2023
0.120 0.010 0.030 0.020 318258 GENTINGC58 0.025 0.005 2785.7 6.870 7.250 8.08 30/09/2019 0.095 0.010 0.060 0.050 7145WA PSIPTEK-WA 0.055 0.005 2415.3 0.155 0.100 0.00 16/11/2019
0.200 0.035 0.050 0.050 318263 GENTINGC63 0.050 0.015 50 6.870 6.880 5.97 30/08/2019 0.150 0.030 0.040 0.030 0186WA PTRANS-WA 0.040 Unch 548.2 0.205 0.235 34.15 19/09/2020
0.375 0.145 0.210 0.165 318265 GENTINGC65 0.205 0.055 787 6.870 7.880 20.67 04/11/2019 0.140 0.040 0.060 0.055 0007WA PUC-WA 0.060 0.010 1370.2 0.075 0.100 113.33 25/12/2024
0.155 0.085 0.110 0.105 318266 GENTINGC66 0.110 Unch 222 6.870 6.800 11.79 28/02/2020 0.415 0.100 0.190 0.190 7134WA PWF-WA 0.190 0.025 30 0.800 0.620 1.25 20/07/2021
0.190 0.095 0.110 0.100 318267 GENTINGC67 0.110 0.015 235 6.870 7.350 13.87 31/10/2019 0.760 0.210 0.750 0.730 7237WA PWROOT-WA 0.730 0.005 312.8 1.870 1.540 21.39 24/07/2023
0.165 0.105 0.145 0.110 318268 GENTINGC68 0.140 0.030 1904 6.870 6.600 6.26 29/11/2019 0.135 0.040 0.070 0.060 5256WA REACH-WA 0.060 -0.010 12891.4 0.235 0.750 244.68 12/08/2022
0.110 0.080 0.110 0.095 318270 GENTINGC70 0.110 0.025 1441.1 6.870 6.700 8.73 30/04/2020 0.730 0.330 0.720 0.700 0200WA REVENUE-WA 0.720 0.020 2366.6 1.670 1.250 17.96 14/01/2024
0.130 0.115 0.130 0.115 318272 GENTINGC72 0.130 Unch 231.6 6.870 6.680 8.59 14/02/2020 0.200 0.075 0.080 0.080 9954WB RGTBHD-WB 0.080 0.005 412.5 0.160 0.100 12.50 14/05/2023
0.245 0.120 0.145 0.140 0039WC GFM-WC 0.140 0.005 1975.4 0.435 0.380 19.54 28/01/2022 0.115 0.055 0.060 0.055 106613 RHBBANKC13 0.055 -0.010 680 5.640 5.600 4.17 29/11/2019
0.170 0.045 0.050 0.050 5220WA GLOTEC-WA 0.050 -0.025 11.1 0.400 0.720 92.50 17/12/2021 0.110 0.050 0.055 0.050 106616 RHBBANKC16 0.050 -0.010 220 5.640 5.500 2.84 14/10/2019
0.185 0.050 0.130 0.120 0082WB GPACKET-WB 0.130 0.005 82843.5 0.550 0.400 -3.64 24/11/2023 0.180 0.055 0.080 0.075 8567WB SALCON-WB 0.080 0.005 674.2 0.240 0.300 58.33 19/07/2025
0.070 0.015 0.045 0.045 7096WA GPA-WA 0.045 Unch 200 0.115 0.100 26.09 03/06/2025 0.030 0.005 0.010 0.005 0133WE SANICHI-WE 0.010 Unch 183.7 0.045 0.100 144.44 13/12/2021
0.140 0.125 0.140 0.125 7022C1 GTRONIC-C1 0.140 Unch 144.6 1.860 1.880 16.13 14/02/2020 0.105 0.040 0.040 0.040 521875 SAPNRGC75 0.040 Unch 200 0.305 0.280 11.48 30/08/2019
0.105 0.075 0.100 0.095 7022CX GTRONIC-CX 0.100 Unch 190 1.860 2.080 27.96 06/01/2020 0.095 0.050 0.055 0.055 521877 SAPNRGC77 0.055 Unch 80 0.305 0.355 34.43 31/01/2020
0.140 0.120 0.140 0.130 7022CZ GTRONIC-CZ 0.140 0.015 2141.2 1.860 1.880 23.66 30/06/2020 0.180 0.085 0.130 0.125 5218WA SAPNRG-WA 0.125 Unch 23374.6 0.305 0.490 101.64 23/01/2026
THU R S DAY JU LY 25 , 20 1 9 • T H EED 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 rise on progress in trade with shares rocketing as much as 520%, earnings from Europe’s banking heavyweights most other sectors this year on expectations
talks; STAR Market fever cools on third as China’s new Nasdaq-style board for lifted the main STOXX 600 Index to its highest of lower interest rates, gained 2% after Swiss
day of trading homegrown tech firms made its debut. level in more than two weeks on Tuesday, lender UBS reported its best second quarter
Hong Kong stocks ended slightly higher with investors taking political upheaval in (2Q) results in nearly a decade, lifting its
SHANGHAI: China stocks gained yesterday, yesterday as prospects of fresh US-China Britain and Spain in their stride. shares by 2.6%.
lifted by reports of progress in US-China trade negotiations lifted sentiment, while The pan-European benchmark closed at Austrian chipmaker AMS, meanwhile,
trade negotiations, while excitement towards investors awaited possible US rate cuts this its highest since July 4 as automakers rallied climbed by 7.3% after it forecast a strong
Shanghai’s Nasdaq-style technology board month. The Hang Seng Index ended up 0.2% 3.8% for their strongest performance since 3Q helping to drive a 1% advance for the
cooled down a bit on the third day of trading. at 28,524.04, while the China Enterprises early January. technology index.
The blue-chip CSI 300 Index rose 0.79% Index closed 0.5% higher at 10,858.88 points. French auto parts supplier Faurecia jumped Despite largely positive earnings so far,
to 3,819.83 points, while the Shanghai The sub-index of the Hang Seng tracking 11.5% after it maintained first-half profitability investors are concerned momentum could soon
Composite Index gained 0.8% to 2,923.28. energy shares dipped 0.5%, while the despite a China-led decline in production, falter. Data from Refinitiv showed companies
White House economic adviser Larry information technology sector rose 1.65%, while Germany’s Continental rose 6.3% despite listed on the STOXX 600 are expected to report
Kudlow on Tuesday called it a good sign the financial sector ended 0.03% lower and issuing yet another profit warning the previous a 0.5% drop in 2Q earnings, a reversal from 0.2%
that top US officials would be travelling to the property sector closed up 0.26%. day, while rival Hella gained 6.8%. growth forecast a week ago.
China to discuss reviving stalled trade talks, The top gainer in the Hang Seng was “Industrials are up because they are cheap Away from earnings, German carmaker
and said he expected Beijing to start buying China Resources Land Ltd, which gained and unloved and none of them produced bad Daimler rose 4.4% on news that China’s Beijing
US agriculture products soon. 3.53%, while the biggest loser was Sino enough numbers,” said Toby Clothier, co-head of Automotive Group Co had bought a 5% stake in
Investors are also awaiting policy Biopharmaceutical Ltd, which fell 1.49%. Global Thematic Group at Mirabaud Securities the company. The Auto-heavy German market
decisions from the US Federal Reserve, which The top gainers among H-shares were in London. “There is clearly some switching to was Europe’s biggest gainer, rising 1.6%.
is widely expected to cut interest rates later Dongfeng Motor Group Co Ltd up 4%, cyclical things that are cheap in terms of old- The weak pound allied with the
this month. China’s central bank governor Yi followed by China Resources Land Ltd, fashioned metrics — earnings, dividend yield.” international exposure of London’s FTSE
Gang said the country’s current interest rate gaining 3.53% and Guangzhou Automobile After a heavy sell-off in May on worries 100 Index helped the index to firm slightly
level is appropriate, the financial magazine Group Co Ltd, up by 3.34%. about a protracted US-China trade dispute after Boris Johnson won the contest to be
Caixin reported on Tuesday. The three biggest H-shares percentage denting corporate profits, investors have Britain’s new prime minister, with investors
Trading on Shanghai’s tech board decliners were China National Building bought back into stock markets in Europe concerned he could lead Britain towards a
— the STAR Market — has cooled down Material Co Ltd, which lost 1.26%, People’s and elsewhere on expectations that leading no-deal Brexit.
since Monday’s debut fever, with turnover Insurance Company Group of China Ltd, central banks will loosen monetary policy Better than expected results for Spanish
shrinking and price fluctuations narrowing. which ended 1.19% lower and PICC Property to encourage growth. lender Santander, which gained 3.6%,
All of the 25 STAR Market stocks gained, and Casualty Co Ltd, down by 1.05%. The European Central Bank could set the helped investors shrug off news that Spain’s
but most closed up less than 10%. Trading stage for a September interest rate cut when Socialist leader Pedro Sanchez failed in a
was nevertheless crazy in several stocks, with Europe — Automakers lift European it meets today and the US Federal Reserve first attempt to win parliament’s backing to
shares in optical lens maker Fujian Forecam shares to more than two-week high is expected to cut rates by 25 basis points form a government. He now has two days to
Optics Co surging 49%. next week. try to strike a deal with the far-left Unidas
Trading had hit a fever pitch on Monday, MILAN: A surge in automakers and strong Europe’s banking index, which has lagged Podemos before the second vote. — Reuters

Shanghai Composite Hang Seng Euro STOXX 50 Index Dow Jones

Index points Index points Index points Index points
5800 33800 3900 27500
2,923.28 28,524.04
+23.33 +57.56
4825 (+0.80%)
29305 21,056.93 (+0.20%)
3415 23025
2,772.70
3850 24810 2930 18550
10,403.79
3,087.842
2875 20315 2445 3,532.87 14075 27,349.19
+42.95 +177.29
(+1.23%) (+0.65%)
1900 15820 1960 9600
Mar 1, 2010 July 24, 2019 Mar 1, 2010 July 24, 2019 Mar 1, 2010 July 23, 2019 Mar 1, 2010 July 23, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.085 0.020 0.040 0.035 0161WA SCH-WA 0.040 0.005 115 0.115 0.100 21.74 04/12/2021 0.150 0.130 0.150 0.130 486353 TM-C53 0.130 Unch 243.4 4.450 4.680 19.78 28/02/2020
0.065 0.005 0.050 0.035 7158WB SCOMI-WB 0.040 -0.005 38493 0.095 0.210 163.16 18/02/2023 0.310 0.065 0.085 0.080 7285WA TOMYPAK-WA 0.085 0.005 30 0.500 0.930 103.00 21/06/2021
0.490 0.370 0.425 0.415 0001WA SCOMNET-WA 0.420 -0.010 366.2 0.720 0.650 48.61 19/06/2024 0.100 0.035 0.035 0.035 711348 TOPGLOV-C48 0.035 Unch 10 4.640 5.000 12.28 29/11/2019
0.140 0.030 0.070 0.070 0028WA SCOPE-WA 0.070 0.015 1 0.190 0.150 15.79 17/07/2020 0.200 0.115 0.115 0.115 711355 TOPGLOV-C55 0.115 Unch 530 4.640 4.500 9.37 28/02/2020
0.080 0.020 0.030 0.030 7073WC SEACERA-WC 0.030 Unch 664.3 0.200 1.000 415.00 21/01/2021 0.260 0.080 0.150 0.135 7173WB TOYOINK-WB 0.135 -0.005 135 0.750 1.500 118.00 06/11/2023
0.185 0.125 0.125 0.125 5279CQ SERBADK-CQ 0.125 -0.005 3.5 4.080 4.000 13.36 26/11/2019 0.015 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 Unch 1760 0.020 0.090 375.00 28/08/2020
0.170 0.055 0.060 0.055 5279CR SERBADK-CR 0.060 -0.015 250 4.080 3.880 0.98 31/07/2019 0.120 0.005 0.005 0.005 5401WA TROP-WA 0.005 Unch 571.7 0.425 1.000 136.47 06/12/2019
0.115 0.050 0.055 0.050 5279CS SERBADK-CS 0.050 -0.010 110 4.080 4.200 9.07 17/09/2019 0.120 0.025 0.045 0.030 5042WB TSRCAP-WB 0.045 0.020 24.6 0.400 0.700 86.25 28/12/2020
0.170 0.105 0.105 0.105 5279CT SERBADK-CT 0.105 -0.005 80 4.080 4.150 12.01 31/10/2019 0.115 0.025 0.035 0.035 514867 UEMS-C67 0.035 -0.005 500 0.810 0.950 23.77 31/10/2019
0.135 0.110 0.115 0.110 5279CU SERBADK-CU 0.110 -0.020 17.6 4.080 4.680 25.49 31/01/2020 0.110 0.070 0.070 0.070 514868 UEMS-C68 0.070 -0.010 260 0.810 0.865 24.07 31/03/2020
0.350 0.185 0.320 0.310 7180WA SERNKOU-WA 0.320 0.050 20 0.570 0.400 26.32 20/03/2023 0.260 0.090 0.120 0.115 458813 UMW-C13 0.115 Unch 50.2 5.360 4.700 0.56 30/08/2019
0.170 0.040 0.055 0.055 7246WA SIGN-WA 0.055 Unch 26.5 0.510 0.970 100.98 21/04/2021 0.090 0.030 0.070 0.060 0060WB VC-WB 0.065 -0.005 1988.4 0.200 0.150 7.50 06/05/2024
0.075 0.035 0.035 0.035 419733 SIME-C33 0.035 Unch 10 2.180 2.350 12.61 31/12/2019 0.085 0.065 0.080 0.080 524328 VELESTO-C28 0.080 0.005 400 0.320 0.380 53.75 30/04/2020
0.125 0.085 0.085 0.085 419737 SIME-C37 0.085 Unch 69 2.180 2.200 10.67 31/03/2020 0.170 0.050 0.145 0.130 5243WA VELESTO-WA 0.140 0.010 44027.5 0.320 0.395 67.19 18/10/2024
0.135 0.105 0.115 0.115 5285CL SIMEPLT-CL 0.115 0.010 1.4 4.780 4.650 9.31 30/04/2020 0.690 0.410 0.520 0.510 7240WA VERTICE-WA 0.515 0.015 18.4 0.900 0.500 12.78 31/03/2024
0.070 0.060 0.065 0.065 5288CO SIMEPROP-CO 0.065 0.005 100 0.995 1.120 22.36 30/04/2020 0.355 0.100 0.160 0.150 0120WB VIS-WB 0.155 0.010 1588.7 0.425 0.750 112.94 16/11/2022
0.135 0.040 0.070 0.065 5213WB SNTORIA-WB 0.065 -0.005 125 0.200 0.600 232.50 09/01/2025 0.090 0.040 0.050 0.050 0097CN VITROX-CN 0.050 0.010 50 7.000 7.500 14.29 14/10/2019
0.060 0.060 0.060 0.060 866418 SPSETIA-C18 0.060 -0.090 170 2.010 2.300 23.38 23/01/2020 0.005 0.001 0.005 0.005 0069WD VIVOCOM-WD 0.005 Unch 200 0.020 0.070 275.00 08/07/2020
0.130 0.040 0.065 0.060 0129WA SRIDGE-WA 0.060 -0.010 341.3 0.230 0.180 4.35 24/02/2023 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 234 0.020 0.050 175.00 22/08/2023
0.185 0.095 0.120 0.115 0080WA STRAITS-WA 0.120 Unch 623.5 0.210 0.115 11.90 10/08/2022 0.670 0.310 0.485 0.460 7070WC VIZIONE-WC 0.470 -0.010 133.5 0.980 0.700 19.39 05/02/2022
0.040 0.005 0.025 0.025 1201WA SUMATEC-WA 0.025 Unch 773.4 0.030 0.320 1,050 03/03/2021 0.135 0.010 0.015 0.010 696310 VS-C10 0.015 0.005 29.3 1.210 1.200 2.27 31/07/2019
0.085 0.080 0.085 0.080 5263CX SUNCON-CX 0.085 Unch 139.4 2.150 2.200 14.19 28/02/2020 0.100 0.055 0.060 0.060 696312 VS-C12 0.060 Unch 200 1.210 1.380 28.93 30/09/2019
0.350 0.035 0.085 0.080 3743WA SUNSURIA-WA 0.080 -0.005 326.1 0.720 1.500 119.44 22/07/2020 0.125 0.080 0.100 0.100 696313 VS-C13 0.100 0.010 50 1.210 1.100 15.70 23/10/2019
0.115 0.090 0.090 0.090 5211CT SUNWAY-CT 0.090 -0.015 19.9 1.650 1.700 13.94 31/03/2020 0.085 0.045 0.060 0.060 696314 VS-C14 0.060 0.005 1000 1.210 1.450 35.21 31/10/2019
0.450 0.210 0.365 0.360 5211WB SUNWAY-WB 0.365 0.005 17.8 1.650 1.790 30.61 03/10/2024 0.185 0.085 0.150 0.140 696315 VS-C15 0.140 Unch 4679.2 1.210 1.080 12.40 29/11/2019
0.115 0.020 0.020 0.020 0148WB SUNZEN-WB 0.020 Unch 90 0.110 0.250 145.45 25/02/2021 0.235 0.160 0.225 0.215 696318 VS-C18 0.220 0.005 605 1.210 0.950 14.88 31/01/2020
0.260 0.045 0.070 0.070 710659 SUPERMX-C59 0.070 0.005 268.6 1.680 1.500 -0.30 30/08/2019 0.120 0.100 0.115 0.110 696319 VS-C19 0.110 Unch 5665.8 1.210 1.250 26.03 31/01/2020
0.110 0.025 0.035 0.035 710662 SUPERMX-C62 0.035 Unch 50 1.680 1.950 21.28 30/09/2019 0.090 0.085 0.090 0.085 696321 VS-C21 0.085 Unch 3260 1.210 1.280 26.86 11/02/2020
0.125 0.070 0.090 0.090 710667 SUPERMX-C67 0.090 0.005 255 1.680 1.600 8.63 30/09/2019 0.170 0.095 0.140 0.125 6963C9 VS-C9 0.130 Unch 1300 1.210 0.880 -0.41 02/08/2019
0.080 0.075 0.080 0.080 710671 SUPERMX-C71 0.080 Unch 70 1.680 1.880 23.81 06/01/2020 0.110 0.065 0.110 0.100 967917 WCT-C17 0.105 0.005 1108 1.180 1.050 15.68 09/12/2019
0.230 0.055 0.090 0.080 7186WB SWSCAP-WB 0.090 0.010 867 0.720 0.900 37.50 19/07/2023 0.195 0.095 0.185 0.175 967918 WCT-C18 0.185 0.005 1280 1.180 0.935 10.59 30/04/2020
0.435 0.050 0.365 0.360 6139CC TAKAFUL-CC 0.360 -0.025 3.2 6.700 4.600 0.90 29/11/2019 0.170 0.125 0.160 0.155 967920 WCT-C20 0.160 0.005 1200 1.180 1.060 16.95 29/05/2020
0.320 0.065 0.255 0.240 6139CE TAKAFUL-CE 0.240 -0.020 1817.6 6.700 5.300 0.60 31/01/2020 0.220 0.045 0.140 0.125 9679WE WCT-WE 0.130 -0.005 10438.6 1.180 2.080 87.29 27/08/2020
0.190 0.125 0.135 0.130 6139CF TAKAFUL-CF 0.135 -0.005 200.2 6.700 6.800 13.58 26/11/2019 0.180 0.095 0.115 0.110 0197WA WEGMANS-WA 0.115 Unch 790 0.305 0.300 36.07 13/01/2022
0.125 0.100 0.105 0.100 6139CG TAKAFUL-CG 0.100 -0.005 195.7 6.700 7.700 23.13 28/02/2020 0.180 0.050 0.095 0.085 0162WA WIDAD-WA 0.090 -0.010 4966.3 0.260 0.350 69.23 05/08/2023
0.050 0.015 0.025 0.015 2429WB TANCO-WB 0.025 0.010 77 0.045 0.050 66.67 23/08/2021 0.195 0.095 — — 5246CY WPRTS-CY 0.165 — — 3.980 3.350 0.75 30/08/2019
0.165 0.015 0.100 0.085 7200WA TEKSENG-WA 0.100 0.015 344.3 0.305 0.250 14.75 29/01/2020 0.125 0.085 — — 5246CZ WPRTS-CZ 0.090 — — 3.980 4.180 12.94 14/10/2019
0.140 0.005 0.025 0.025 534751 TENAGA-C51 0.025 Unch 500.2 13.740 14.000 3.71 30/08/2019 0.240 0.070 0.125 0.105 7245WA WZSATU-WA 0.120 0.010 1922 0.240 0.380 108.33 28/10/2024
0.105 0.005 0.010 0.005 534753 TENAGA-C53 0.010 -0.005 551.1 9.214 14.400 57.56 02/08/2019 0.030 0.005 0.010 0.010 5156WD XDL-WD 0.010 Unch 1412.5 0.090 0.180 111.11 17/01/2022
0.135 0.010 0.090 0.080 534754 TENAGA-C54 0.085 -0.005 1343 13.740 13.800 5.39 23/10/2019 0.025 0.015 — — 5155WB XINQUAN-WB 0.015 — — 0.055 0.400 654.55 27/03/2021
0.135 0.035 0.100 0.095 534755 TENAGA-C55 0.100 Unch 216.2 13.740 13.000 4.08 30/09/2019 0.150 0.100 — — 7003WA Y&G-WA 0.100 — — 0.900 1.000 22.22 16/11/2019
0.275 0.105 0.220 0.210 534756 TENAGA-C56 0.220 -0.005 1280 13.740 12.700 5.24 29/11/2019 0.240 0.220 — — 7293C1 YINSON-C1 0.225 — — 7.150 6.600 11.19 31/01/2020
0.170 0.030 0.140 0.130 534757 TENAGA-C57 0.135 -0.005 569.7 13.739 12.600 1.54 31/01/2020 0.135 0.135 0.135 0.135 7293C2 YINSON-C2 0.135 -0.015 0.8 7.150 6.750 7.62 29/05/2020
0.195 0.135 0.150 0.150 534759 TENAGA-C59 0.150 -0.010 200 13.740 13.200 6.99 06/01/2020 0.155 0.140 0.155 0.140 7293C3 YINSON-C3 0.155 0.010 1599 7.150 7.800 23.18 20/02/2020
0.165 0.120 0.135 0.135 534760 TENAGA-C60 0.135 -0.005 50 13.739 12.800 2.99 30/04/2020 0.575 0.095 0.570 0.555 7293CW YINSON-CW 0.555 0.025 177.4 7.150 4.350 -0.35 31/12/2019
0.105 0.075 0.090 0.085 534761 TENAGA-C61 0.085 -0.005 1080 13.740 14.880 15.72 31/01/2020 0.130 0.095 — — 7293CX YINSON-CX 0.395 — — 7.150 5.280 1.47 07/10/2019
0.135 0.120 0.125 0.125 534762 TENAGA-C62 0.125 -0.005 599.6 13.740 14.880 19.21 30/06/2020 0.425 0.065 0.410 0.410 7293CY YINSON-CY 0.410 0.030 10.1 7.150 4.750 0.84 14/10/2019
0.090 0.075 0.090 0.090 534763 TENAGA-C63 0.090 0.010 0.2 13.740 15.000 17.03 20/02/2020 0.470 0.285 — — 7293CZ YINSON-CZ 0.435 — — 7.150 5.500 4.30 23/01/2020
0.460 0.100 0.200 0.200 7252WA TEOSENG-WA 0.200 -0.010 87.8 1.170 1.350 32.48 29/01/2020 0.055 0.005 — — 7020WB YKGI-WB 0.010 — — 0.105 0.500 385.71 28/05/2020
1.700 0.705 0.970 0.960 7034WA TGUAN-WA 0.960 -0.070 27.5 2.520 1.500 -2.38 09/10/2019 0.870 0.070 0.080 0.070 7066WA YONGTAI-WA 0.080 Unch 403.9 0.305 0.500 90.16 24/06/2020
0.470 0.005 0.465 0.465 486334 TM-C34 0.465 -0.005 200 4.450 3.200 3.26 31/07/2019 0.130 0.025 0.025 0.025 467723 YTL-C23 0.025 -0.005 99.9 1.060 1.250 20.28 29/11/2019
0.840 0.115 0.820 0.780 486337 TM-C37 0.780 -0.035 7 4.450 2.150 0.90 30/09/2019 0.090 0.015 — — 467724 YTL-C24 0.015 — — 1.060 1.200 16.04 17/09/2019
0.260 0.035 0.240 0.225 486341 TM-C41 0.225 -0.015 263.6 4.450 3.500 3.93 30/09/2019 0.180 0.145 — — 467725 YTL-C25 0.180 — — 1.060 1.100 20.75 29/11/2019
0.485 0.170 0.465 0.465 486343 TM-C43 0.465 0.005 0.8 4.450 2.800 4.72 31/03/2020 0.150 0.070 — — 467726 YTL-C26 0.070 — — 1.060 1.180 24.53 31/03/2020
0.470 0.240 0.445 0.440 486345 TM-C45 0.440 -0.025 60 4.450 2.950 5.84 20/12/2019 0.075 0.055 — — 467727 YTL-C27 0.065 — — 1.060 1.280 33.02 09/12/2019
0.265 0.180 0.250 0.240 486346 TM-C46 0.240 -0.015 1780.2 4.450 3.800 12.36 23/01/2020 0.021 0.005 — — 6742C6 YTLPOWR-C6 0.005 — — 0.199 0.950 381.16 31/07/2019
0.270 0.175 0.255 0.240 486347 TM-C47 0.240 -0.020 110 4.450 4.000 14.16 31/01/2020 0.040 0.005 — — 6742C7 YTLPOWR-C7 0.005 — — 0.800 1.000 26.25 17/09/2019
0.230 0.130 0.220 0.195 486348 TM-C48 0.200 -0.020 54.4 4.450 3.750 6.74 30/04/2020 0.125 0.050 — — 6742C8 YTLPOWR-C8 0.050 — — 0.800 0.900 18.75 29/11/2019
0.210 0.155 0.200 0.185 486350 TM-C50 0.185 -0.015 939.6 4.450 4.600 22.08 31/01/2020
0.175 0.130 0.165 0.155 486352 TM-C52 0.155 -0.010 2705 4.450 4.900 27.53 20/02/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T HU R SDAY JU LY 2 5 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on July 23, 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. Ted Baker performance since financial crisis
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
ATA IMS 3,335,400 BALACHANDRAN GOVINDASAMY 89,340,534 23/7
AXIS REAL ESTATE (3,621,400) AMANAHRAYA TRUSTEE 70,000,000 19/7
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA
AXIS REAL ESTATE 211,100 EMPLOYEES PROVIDENT FUND BOARD 195,991,500 18/7
INVESTMENT TRUST
BIMB 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 212,375,001 18/7
CAHYA MATA SARAWAK 100,000 EMPLOYEES PROVIDENT FUND BOARD 123,193,127 17/7
CAM RESOURCES 185,240 LEE CHIN YEN 57,381,544 19/7
CAPITALAND (M) MALL TRUST 2,000,000 KUMPULAN WANG PERSARAAN 202,560,900 22/7
(DIPERBADANKAN)
COMFORT GLOVES 70,000 DATO LAU ENG GUANG 131,183,600 19/7
DIALOG GROUP 413,100 EMPLOYEES PROVIDENT FUND BOARD 493,134,016 18/7
DIGI.COM (4,446,100) EMPLOYEES PROVIDENT FUND BOARD 1,027,181,580 18/7
DRB-HICOM (181,200) EMPLOYEES PROVIDENT FUND BOARD 169,129,197 17/7
DUOPHARMA BIOTECH 156,200 EMPLOYEES PROVIDENT FUND BOARD 48,851,661 18/7
ENGTEX GROUP 150,000 NG YIK SOON 8,778,030 22/7
FRASER & NEAVE 260,000 AMANAHRAYA TRUSTEE 25,231,400 19/7
- AMANAH SAHAM BUMIPUTERA
GABUNGAN AQRS 589,900 EMPLOYEES PROVIDENT FUND BOARD 25,054,188 18/7
GAMUDA 70,000 KUMPULAN WANG PERSARAAN 145,991,734 22/7
(DIPERBADANKAN)
GAMUDA (211,500) EMPLOYEES PROVIDENT FUND BOARD 298,896,105 18/7
GAMUDA (42,200) AMANAHRAYA TRUSTEE 134,771,800 19/7
- AMANAH SAHAM BUMIPUTERA
GENTING PLANTATIONS 66,200 EMPLOYEES PROVIDENT FUND BOARD 89,984,100 18/7
GREEN PACKET (1,200,000) TAN SRI DATO’ KOK ONN 4,972,560 23/7
HARTALEGA 660,500 EMPLOYEES PROVIDENT FUND BOARD 203,179,700 18/7
HB GLOBAL LIMITED (60,500) AGRO TREASURES 48,360,040 18/7
IGB REAL ESTATE 906,800 EMPLOYEES PROVIDENT FUND BOARD 373,077,966 18/7
INVESTMENT TRUST
IJM CORPORATION 400,000 EMPLOYEES PROVIDENT FUND BOARD 563,438,818 18/7
INARI AMERTRON 1,000,000 KUMPULAN WANG PERSARAAN 444,616,475 22/7
(DIPERBADANKAN)
INARI AMERTRON 1,108,900 EMPLOYEES PROVIDENT FUND BOARD 246,364,600 18/7
IOI CORPORATION (139,600) EMPLOYEES PROVIDENT FUND BOARD 772,526,473 18/7
KOSSAN RUBBER INDUSTRIES (2,016,800) EMPLOYEES PROVIDENT FUND BOARD 96,557,900 17 & 18/7
LINGKARAN TRANS KOTA (100,000) IR HJ YUSOFF DAUD 498,499 22 & 23/7

LONDON BISCUITS (5,250,000) LEE KWEE CHENG 23,395,300 18/7

LONDON BISCUITS (4,828,900) MEILEELANUSA 39,558,723 18 & 19/7
MALAYSIA AIRPORTS 899,900 EMPLOYEES PROVIDENT FUND BOARD 210,236,492 17 & 18/7
MAXIS 1,107,400 EMPLOYEES PROVIDENT FUND BOARD 889,868,451 18/7
MBM RESOURCES 174,800 EMPLOYEES PROVIDENT FUND BOARD 46,259,191 18/7
MYNEWS (165,400) KUMPULAN WANG PERSARAAN 37,349,400 22/7
(DIPERBADANKAN)
PENTAMASTER CORPORATION (120,700) KUMPULAN WANG PERSARAAN 33,555,350 22/7
(DIPERBADANKAN)
PETRONAS DAGANGAN 100,000 EMPLOYEES PROVIDENT FUND BOARD 61,282,911 18/7
PETRONAS GAS 707,200 EMPLOYEES PROVIDENT FUND BOARD 614,740,100 18/7
PPB GROUP (119,400) EMPLOYEES PROVIDENT FUND BOARD 166,228,554 18/7
PRINSIPTEK CORPORATION 22,605,000 CHIN KOK FOONG 50,495,311 19/7
PRINSIPTEK CORPORATION 34,400,000 DATO’ LIEW KOK LEONG 30,400,000 19/7
PUBLIC BANK 1,098,800 EMPLOYEES PROVIDENT FUND BOARD 473,702,400 18/7
QL RESOURCES (503,900) EMPLOYEES PROVIDENT FUND BOARD 107,433,460 18/7
RANHILL (250,000) LEMBAGA TABUNG HAJI 60,505,400 22/7
RAPID SYNERGY (493,000) DATO’ DR YU KUAN CHON 30,857,910 23/7
SERBA DINAMIK 182,300 EMPLOYEES PROVIDENT FUND BOARD 104,132,600 18/7
SERBA DINAMIK 49,000 KUMPULAN WANG PERSARAAN 96,041,000 22/7
(DIPERBADANKAN)
SIME DARBY PLANTATION 390,200 KUMPULAN WANG PERSARAAN 361,859,978 16 & 22/7
(DIPERBADANKAN)
SIME DARBY PROPERTY 530,000 EMPLOYEES PROVIDENT FUND BOARD 759,119,610 18/7
SUNWAY 1,341,700 EMPLOYEES PROVIDENT FUND BOARD 342,810,175 16 - 18/7 Stocks closest to year high Stocks closest to year low
SUNWAY CONSTRUCTION GROUP (887,900) EMPLOYEES PROVIDENT FUND BOARD 108,808,943 16 - 18/7
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SUNWAY REAL ESTATE (149,200) EMPLOYEES PROVIDENT FUND BOARD 466,581,300 18/7
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
INVESTMENT TRUST
SUNWAY REAL ESTATE 1,457,600 EMPLOYEES PROVIDENT FUND BOARD 466,730,500 16 & 17/7 PWROOT 1.890 1.840 1.870 1162.6 HPMT 0.410 0.400 0.400 398
INVESTMENT TRUST KNM 0.415 0.365 0.410 280161.1 ENGTEX 0.675 0.655 0.660 708.2
TENAGA NASIONAL 210,900 EMPLOYEES PROVIDENT FUND BOARD 872,333,982 18/7 MICROLN 0.600 0.575 0.595 17.3 PETGAS-CT 0.060 0.055 0.055 1.2
TIGER SYNERGY 200,000 SAFARI ALLIANCE 150,200,000 19/7
MBMR 3.360 3.200 3.300 3228.9 AXIATA-C44 0.090 0.085 0.085 110
TIME DOTCOM 375,000 EMPLOYEES PROVIDENT FUND BOARD 58,223,200 18/7
TOP GLOVE CORPORATION 40,000 EMPLOYEES PROVIDENT FUND BOARD 187,930,422 18/7 DRBHCOMC79 0.195 0.165 0.195 796.1 HLBANK 18.280 18.180 18.200 583.2
UOA REAL ESTATE 579,500 EMPLOYEES PROVIDENT FUND BOARD 29,288,300 18/7 GENM-C56 0.125 0.100 0.125 130 MAYBANKC54 0.050 0.050 0.050 900
INVESTMENT TRUST GTRONIC-C1 0.140 0.125 0.140 144.6 VS-C21 0.090 0.085 0.085 3260
UTUSAN MELAYU (MALAYSIA) 5,500,000NILAM SETAR (M) 21,843,000 19/7 GENM-C58 0.135 0.100 0.135 30589.5 MAYBANK 8.830 8.760 8.760 5073
VELESTO ENERGY (3,000,000)EMPLOYEES PROVIDENT FUND BOARD 510,511,806 18/7
GENTINGC70 0.110 0.095 0.110 1441.1 SERBADK-CQ 0.125 0.125 0.125 3.5
WESTPORTS 329,400EMPLOYEES PROVIDENT FUND BOARD 208,585,000 18/7
YINSON 1,730,100EMPLOYEES PROVIDENT FUND BOARD 125,740,600 18/7 PCHEM-C35 0.050 0.050 0.050 496.1 SERBADK-CU 0.115 0.110 0.110 17.6
YINSON 216,600KUMPULAN WANG PERSARAAN 106,793,300 22/7 GENM-C57 0.170 0.150 0.170 213 MBWORLD 1.530 1.400 1.460 368.2
(DIPERBADANKAN) GENM-C50 0.225 0.170 0.225 5551 TAKAFUL-CG 0.105 0.100 0.100 195.7
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder DRBHCOMC72 0.245 0.225 0.245 480 SERBADK-CS 0.055 0.050 0.050 110
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia. Note: * denotes Ace Market MBMR-CI 0.205 0.205 0.205 400 AIRPORT-C10 0.170 0.170 0.170 29
SUNCON-CX 0.085 0.080 0.085 139.4 BINACOM 0.315 0.300 0.310 932.4
DRBHCOM 2.670 2.540 2.640 25342.9 MATRIX-WA 0.075 0.070 0.075 1517.2

Local event to watch out for today DRBHCOMC81

DRBHCOMC73
0.165
0.195
0.140
0.160
0.160 11432.3
0.190 2340.2
MAYBANKC57
FBMKLCI-C7H
0.090
0.035
0.085
0.035
0.090
0.035
525
300
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
• Nil 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 $ 0.602 0.671 0.661 0.536 0.881 0.915 0.915 0.960 2.7637 4.611 56.676 4.491 2.464 9,385 46.250 72.481 5.795 34.291 2.442 2.516 6.332 20.714 5.241
EURO 1.662 1.115 1.098 0.891 1.464 1.520 1.520 1.596 4.5938 7.664 94.206 7.466 4.095 15,599 76.876 120.477 9.633 56.999 4.059 4.182 10.524 34.431 8.711
US $ 1.491 0.897 0.985 0.800 1.313 1.364 1.364 1.431 4.1200 6.874 84.490 6.696 3.673 13,990 68.947 108.051 8.639 51.120 3.640 3.750 9.439 30.880 7.813
SWISS FR 1.514 0.911 1.015 0.812 1.333 1.384 1.384 1.453 4.1832 6.979 85.786 6.798 3.729 14,205 70.005 109.709 8.772 51.904 3.696 3.808 9.584 31.354 7.933
STERLING £ 1.864 1.122 1.251 1.232 1.642 1.705 1.705 1.790 5.1529 8.597 105.672 8.374 4.594 17,498 86.232 135.140 10.805 63.936 4.553 4.691 11.805 38.622 9.771
CANADA $ 1.136 0.683 0.762 0.750 0.609 1.039 1.039 1.090 3.1383 5.236 64.358 5.100 2.798 10,657 52.519 82.305 6.581 38.939 2.773 2.857 7.190 23.522 5.951
BRUNEI $ 1.093 0.658 0.733 0.722 0.586 0.963 1.000 1.050 3.0216 5.041 61.965 4.911 2.694 10,260 50.566 79.245 6.336 37.491 2.670 2.751 6.922 22.647 5.730
SINGAPORE $ 1.093 0.658 0.733 0.722 0.586 0.963 1.000 1.050 3.0216 5.041 61.965 4.911 2.694 10,260 50.566 79.245 6.336 37.491 2.670 2.751 6.922 22.647 5.730
AUSTRALIA $ 1.041 0.627 0.699 0.688 0.559 0.917 0.953 0.953 2.8782 4.802 59.024 4.678 2.566 9,774 48.166 75.484 6.035 35.712 2.543 2.620 6.594 21.572 5.458
MALAYSIA RM 0.362 0.218 0.243 0.239 0.194 0.319 0.331 0.331 0.347 1.0000 1.668 20.507 1.625 0.891 3,396 16.735 26.226 2.097 12.408 0.883 0.910 2.291 7.495 1.896
100 CHINESE RMB 21.688 13.048 14.548 14.328 11.632 19.099 19.837 19.837 20.825 59.9380 1,229 97.409 53.432 203,532 1,003.046 1,572 125.683 743.694 52.955 54.561 137.315 449.243 113.660
100 BANGLAD’H TAKA 1.764 1.061 1.184 1.166 0.946 1.554 1.614 1.614 1.694 4.8763 8.136 7.925 4.347 16,558 81.604 127.887 10.225 60.504 4.308 4.439 11.171 36.549 9.247
100 DANISH KRONER 22.264 13.395 14.935 14.709 11.941 19.607 20.364 20.364 21.379 61.5320 102.66 1,262 54.853 208,944 1,029.72 1,614 129.02 763.47 54.36 56.01 140.97 461.19 116.68
100 UAE DIRHAM 40.589 24.419 27.227 26.816 21.769 35.744 37.125 37.125 38.974 112.1760 187.15 2,300 182.31 380,916 1,877 2,942 235.22 1,392 99.11 102.11 256.99 840.77 212.72
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0294 0.049 0.604 0.048 0.026 0.493 0.772 0.062 0.365 0.026 0.027 0.067 0.221 0.056
100 INDIA RUPEE 2.162 1.301 1.450 1.428 1.160 1.904 1.978 1.978 2.076 5.9756 9.970 122.543 9.711 5.327 20,291 156.716 12.530 74.144 5.279 5.440 13.690 44.788 11.331
100 JAPAN YEN 1.380 0.830 0.925 0.912 0.740 1.215 1.262 1.262 1.325 3.8130 6.362 78.194 6.197 3.399 12,948 63.809 7.995 47.311 3.369 3.471 8.735 28.579 7.231
100 NORWEGIAN KRONER 17.256 10.381 11.575 11.400 9.255 15.196 15.783 15.783 16.569 47.6900 79.566 978 77.504 42.514 161,941 798.079 1,251 591.724 42.134 43.412 109.255 357.443 90.434
100 PHILIPPINE PESO 2.916 1.754 1.956 1.927 1.564 2.568 2.667 2.667 2.800 8.0595 13.446 165.279 13.098 7.185 27,368 134.873 211.369 16.900 7.121 7.336 18.464 60.407 15.283
100 QATAR RIYAL 40.955 24.639 27.473 27.057 21.966 36.066 37.459 37.459 39.326 113.1868 188.840 2,321 183.948 100.901 384,349 1,894 2,968 237.339 1,404 103.033 259.305 848.350 214.635
100 SAUDI RIYAL 39.749 23.914 26.664 26.261 21.319 35.005 36.357 36.357 38.168 109.8549 183.281 2,253 178.533 97.931 373,034 1,838 2,881 230.352 1,363 97.056 251.672 823.377 208.317
100 SWEDISH KRONOR 15.794 9.502 10.595 10.435 8.471 13.909 14.446 14.446 15.166 43.6500 72.825 895.144 70.939 38.912 148,222 730.471 1,145 91.529 541.597 38.565 39.734 327.162 82.773
100 THAI BAHT 4.828 2.904 3.238 3.189 2.589 4.251 4.416 4.416 4.636 13.3420 22.260 273.608 21.683 11.894 45,305 223.275 349.908 27.977 165.544 11.788 12.145 30.566 25.300
100 HK$ 19.081 11.480 12.800 12.606 10.234 16.804 17.453 17.453 18.322 52.7346 87.982 1,081.444 85.703 47.011 179,071 882.499 1,383 110.578 654.316 46.591 48.004 120.812 395.253
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 JU LY 25 , 20 1 9 • T H EED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures EURO Klibor
FKLI
Index points Open Interest Index points Euro/USD Implied interest rate (%)
1980 90000 18.00 1.58
1,645.50 0.00 4.5
(+0.00) 3.60
(-13.00) (Unch)
1785 68000 4.75 1.44
3.5
1.1145
1590 46000 -8.50 1.30 (-0.0006)

2.5
1395 24000 -21.75 1.16

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 July 24, 2019 Jan 4, 2010 July 24, 2019 Jan 2, 2006 July 24, 2019 Oct 1, 2000 July 24, 2019

KLCI futures end lower FBM KLCI futures Euro falls to two-month low Klibor
on profit-taking INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
on bleak eurozone data MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,652.41 -3.26 112.1M The euro fell to a two-month low against the AUG9 96.40 — — —
SEP9 96.40 — — —
Malaysia Derivatives ended lower yesterday, JUL 19 1,645.50 -13.00 6,043 26,712 170 US dollar yesterday, hit by weak economic OCT9 96.40 — — —
tracking the performance of the underlying AUG 19 1,645.50 -12.50 316 1,245 129
data that bolstered speculation the European DEC9 96.40 — — —
SEP 19 1,644.00 -12.50 68 605 4
cash market. The benchmark KLCI finished DEC 19 1,643.00 -12.00 27 197 -4
Central Bank (ECB) could undertake MAR0 96.40 — — —
3.26 points lower at 1,652.41. aggressive monetary policy easing as soon JUN0 96.40 — — —
TOTAL 6,454 28,759 299
SEP0 96.40 — — —
Spot month July 2019 fell 13 points to as this week. DEC0 96.40 — — —
1,645.5; August 2019 and September 2019 FUTURES
JUL/AUG
ROLL OVER BID
0.0
OFFER
-0.5
CLOSE
0.0
The US dollar was modestly lower against MAR1 96.40 — — —
decreased 12.5 points each to 1,645.5 and a basket of currencies after three straight days JUN1 96.40 — — —
1,644 respectively; while December 2019 FUTURES FAIR VALUE of gains, generally trading in narrow ranges SEP1 96.40 — — —
CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE DEC1 96.40 — — —
was 12 points weaker at 1,643. JUL 19 8 1.01 0.00 1.01
ahead of monetary policy meetings at the ECB MAR2 96.40 — — —
Turnover gained to 6,454 lots from 4,347 AUG 19 38 5.35 5.96 -0.61 today and the US Federal Reserve next week. JUN2 96.40 — — —
lots on Tuesday, while open interest widened ROLL’S FAIR -1.62 The greenback showed little reaction to SEP2 96.40 — — —
to 28,759 contracts versus 26,370 contracts. the testimony of former US Special Counsel DEC2 96.40 — — —
MAR3 96.40 — — —
Philippine shares closed at a two-week Robert Mueller, who said he had not cleared
JUN3 96.40 — — —
low yesterday as investors booked profits in US President Donald Trump of obstruction SEP3 96.40 — — —
financial stocks, while most Southeast Asian of justice. DEC3 96.40 — — —
markets ended lower. The euro was down slightly at US$1.1145 MAR4 96.40 — — —
The country’s biggest banks BDO Unibank Metropolitan Bank and Trust Co lost between after earlier hitting US$1.1128, its lowest JAN-00 — — — —
TOTAL 0 0
Inc, Bank of the Philippine Islands and 0.7% and 2.3%. — Agencies since May 30. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,029
(+25) 5075 1660 1,426.50
3450 152500 0.2847 0.525 121.25
(+4.80)
(RM2,584/tonne)
2700 3750
57.02 1340
105000 0.350 87.50 (+0.25)

1950 57500 2425 0.175 53.75 1020

2,029
1200 10000
700
1100 (+25) 0.000 20.00
Jan 6, 2008 July 24, 2019 Apr 10, 2007 July 24, 2019 Aug 31, 2008 July 24, 2019
Jan 6, 2008 July 24, 2019

Palm oil rises over 1% on CPO futures Oil up on US stock decline, Commodities

related edible oil strength CONTRACT

AUG-19
LAST
1,944
CHANGE
12
VOLUME
781
OPEN CHANGE IN
INTEREST OPEN INTEREST
3,792 -85
Middle East tensions AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,029 25
RUBBER SEN/KG MRB 581.50 2.50
SEP-19 1,994 23 6,878 42,047 -2,035
Malaysian palm oil futures climbed over 1% Oil prices edged higher yesterday, supported CORN USC/BSH CBOT 429.25 3.75
OCT-19 2,029 25 21,956 74,780 -3,663
SOYBEANS USC/BSH CBOT 893.00 7.25
yesterday evening to their highest in more NOV-19 2,071 26 12,192 44,444 1,019 by a sharp fall in US crude stocks and tensions
WHEAT USC/BSH CBOT 496.00 8.75
than a month, tracking gains in related DEC-19 2,111 22 8,151 34,158 -159 over Iran. LIVE CATTLE USC/IBS CME 109.88 0.73
edible oils. CPO FUTURES CPO/SOYOIL Brent oil rose 16 US cents to US$63.99 a COCOA US$/TON NYBOT 2,534 15
The benchmark palm oil contract INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) barrel, while US crude gained 25 US cents COFFEE USC/IBS NYBOT 106.45 0.30
AUG/SEP -46 -97.85
for October delivery on Bursa Malaysia AUG/OCT -82 3 MONTHS AVERAGE -112.20
to US$57.02 a barrel. SUGAR USC/IBS NYBOT 12.85 -0.11
Derivatives was up RM25 or 1.25% at AUG/NOV US crude stocks fell more than expected COTTON USC/IBS NYC 64.88 0.36
-123 6 MONTHS AVERAGE -113.23
RM2,029 per tonne at the close of trade SEP/OCT -36 in the week to July 19, declining by 11 million METAL & PRECIOUS METALS
TIN US$/TON KLTM 17,680 -140
in its third straight session of gains. SGS & ITS EXPORT ESTIMATES (TONNES) barrels to 449 million, the trade group COPPER USC/IBS CMX 2.7080 0.0080
Earlier in the session, it rose as much SHIPMENT DAYS APR’19 MAY’19 JUN’19 American Petroleum Institute (API) said GOLD US$/TROY OZ CMX 1,426.50 4.80
as 1.3% to RM2,030, its strongest levels 1 - 10TH DAYS 526/481 560/551 377/377 on Tuesday. PLATINUM US$/TROY OZ NYMEX 865.00 8.50
1 - 15TH DAYS 744/687 774/785 656/637
since June 21. That compared with analysts’ expectations PALLADIUM US$/TROY OZ NYMEX 1,525.40 8.90
“Palm oil futures prices rose higher 11 -- 20TH DAYS
25TH DAYS
940/892
1,278/1,261
992/970 898/913
1,387/1,366 1,174/1,174
for a decrease of four million barrels. API data SILVER USC/TROY OZ CMX 16.51 0.08
taking cue from continuous gains in FULL MONTH showed gasoline stocks rose by 4.4 million ALUMINIUM RMB/TON SHF 13,795 -20
1,585/1,576 1,688/1,688 1,372/1,358
ZINC RMB/TON SHF 19,320 70
competing vegetable oils,” said a Kuala MALAYSIAN PALM OIL BOARD barrels.
Lumpur-based trader. FEB’19 MAR’19 APR’19 MAY’19 “It is back to fundamentals, at least for ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 57.02 0.25
US soyoil futures on the US Chicago PRODUCTION 1,672 1,649 1,671 1,519 today (yesterday), as geopolitical tensions HEATING OIL USC/GAL NYMEX 1.9343 0.0046
Board of Trade gained 1% in the previous EXPORT STOCKS
1,618
2,917
1,651
2,729
1,712
2,447
1,383
2,424
take a back seat to the release of weekly US oil NATURAL GAS US$/MMBTU NYMEX 2.252 -0.023
session, and were last up 0.9%, as of 1047 inventories data,” said Harry Tchilinguirian, BRENT CRUDE US$/BBL ICE 63.99 0.16
MPOB palm oil physical
GMT. US soybeans rose on Tuesday on global oil strategist at BNP Paribas. — Reuters GAS OIL US$/TON ICE 591.50 6.50
hopes China could buy US supplies. (IN RM/TON) JUL’19 AUG’19 SEP’19

Grain prices held steady yesterday as CPO DELD

PK EX-MILL
1,895.00
1,080.00
1913.00 1,980.00
1,166.50 NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
fears about widespread yield losses due CPKO DELD NO TRADE 2,389.00 2,421.00 Sen/Kg
Sen/Kg
to recent adverse US weather conditions RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
underpinned the market. RBD P.OLEIN FOB NO TRADE 2,092.50 NO TRADE
In other related oils, the September soyoil RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 470.50 1475 581.50
(+1.50)
contract on the China’s Dalian Commodity MPOB FFB REF PRICE (MILL GATE PRICE) (+2.50)

Exchange (DCE) rose 1% and the DCE REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
September palm oil contract gained 1.7%. NORTH 20.00% 372 19.00% 353 18.00% 335
Palm oil pr ices are affected by SOUTH 20.00% 377 19.00% 358 18.00% 340
500 625
movements in related oils that compete CENTRAL 20.00% 375 19.00% 357 18.00% 338
for a share of the global vegetable oils EAST COAST 20.00% 373 19.00% 354 18.00% 336 300 200
SABAH 22.00% 361 21.00% 344 20.00% 328 Jan 7, 2007 July 24, 2019 Jan 7, 2007 July 24, 2019
market. — Reuters SARAWAK 22.00% 363 21.00% 346 20.00% 330
 Markets
32 T HU R SDAY JU LY 2 5 , 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 1,652.41 3.26 FBM ACE 4,767.53 17.36 FTSTI 3,368.44 4.69 NIKKEI 21,709.57 88.69 HANG SENG 28,524.04 57.56 DOW JONES 27,349.19 177.29

Let us not look back in anger, nor forward in fear, but Market movers
around in awareness. — James Grover Thurber
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 KNM 280,161.1 0.045 12.33 0.410 — 0.00
('000) (%) (RM) (RM) (RM) (RM) PWORTH 121,807.4 -0.005 -7.14 0.065 — 0.00
Index point
1661.0 PWORTH 121,807 -7.14 -0.005 0.065 0.075 0.065 NETX 109,949.3 UNCH UNCH 0.015 — 0.00
1659.4 KNM-WB 101,706 11.76 0.030 0.285 0.290 0.250 KNM-WB 101,706.2 0.030 11.76 0.285 — 0.00
1657.8 KL Composite Index GPACKET-WB 82,844 4.00 0.005 0.130 0.130 0.120 GPACKET-WB 82,843.5 0.005 4.00 0.130 — 0.00
1656.2 GENM 57,671 7.25 0.250 3.700 3.730 3.500 VELESTO 63,675.9 0.005 1.59 0.320 — 0.00
HSI-C5P 55,009 -1.75 -0.005 0.280 0.325 0.280 GENM 57,670.7 0.250 7.25 3.700 — 3.19
1654.6 1,652.41 HSI-H6R 44,571 -1.39 -0.005 0.355 0.355 0.310 HSI-C5P 55,009.4 -0.035 -11.11 0.280 — 0.00
1653.0 (-3.26)
KLCI futures VELESTO-WA 44,028 7.69 0.010 0.140 0.145 0.130 GPACKET 51,033.8 0.025 4.76 0.550 — 0.00
1651.4
HSI-C5J 43,852 0.00 0.000 0.105 0.150 0.100 REACH 44,792.8 -0.005 -2.08 0.235 — 0.00
1649.8 SCOMI-WB 38,493 -11.11 -0.005 0.040 0.050 0.035 HSI-H6R 44,571.1 0.040 12.70 0.355 — 0.00
1648.2 1,645.50
(-13.00) MTRONIC-WA 33,810 -20.00 -0.005 0.020 0.025 0.015 VELESTO-WA 44,027.5 0.010 7.69 0.140 — 0.00
1646.6 GENM-C58 30,590 42.11 0.040 0.135 0.135 0.100 HSI-C5J 43,852.3 -0.035 -25.00 0.105 — 0.00
1645.0 HSI-H6T 27,260 -2.56 -0.010 0.380 0.380 0.345 ARMADA 42,475.7 UNCH UNCH 0.240 — 1.07
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-H6Q 26,462 -3.23 -0.005 0.150 0.155 0.130 SCOMI-WB 38,493.0 -0.005 -11.11 0.040 — 0.00
DRBHCOM 25,343 5.60 0.140 2.640 2.670 2.540 VSOLAR 38,332.2 -0.005 -2.38 0.205 — 0.00
Daily FBM KLCI PHB 25,191 0.00 0.000 0.010 0.010 0.005 FOCUS 35,447.5 0.015 4.76 0.330 — 0.00
SAPNRG-WA 23,375 0.00 0.000 0.125 0.130 0.125 SCOMI 34,183.7 -0.010 -9.52 0.095 — 0.00
MTRONIC-WA 33,809.9 -0.005 -20.00 0.020 — 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
SAPNRG 33,347.3 UNCH UNCH 0.305 — 2.44
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,652.41
(-3.26) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,671.86 KLCI ends in the red but UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

Bursa small caps rise

1425.0 GENM 3.700 0.250 PETGAS 16.280 -0.320
GENTING 6.870 0.220 PCHEM 7.500 -0.190
SAM 8.510 0.210 MPI 9.290 -0.160
1122.5
AJI 17.380 0.200 SWKPLNT 1.390 -0.140
KUALA LUMPUR: The FBM KLCI closed 3.26 points or 0.2% KESM 7.740 0.200 METROD 1.520 -0.130
820.0 lower at 1,652.41 yesterday, possibly on foreign selling and YINSON 7.150 0.150 LATITUD 3.620 -0.130
Jan 2, 2008 July 24, 2019
as investors appeared to favour Bursa Malaysia small market DRBHCOM 2.640 0.140 TM 4.450 -0.120
capitalisation (small-cap) stocks as they evaluated world SERNKOU 0.570 0.110 HLBANK 18.200 -0.120
900 economic and political news flow. HEIM 23.240 0.100 TAKAFUL 6.700 -0.120
BAT 30.080 0.100 PARAMON 1.590 -0.110
Globally, it was reported that prospects of fresh US-China
600 HARTA 5.220 0.100 MANULFE 2.750 -0.100
trade negotiations lifted sentiment, while investors awaited BKAWAN 16.300 0.080 PBBANK 22.700 -0.100
300 a possible US interest rate rate cut this month. Analysts said
today Brexit is also among investors’ list of concerns. Top gainers and losers (ranked by%age)
0 At 5pm, the KLCI closed down after rising to its intraday

 
Volume (’mil) high at 1,659.38 and falling to its intraday low at 1,651.36. UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Bursa’s small-cap index ended up 82.1 points or 0.6% at
FBM KLCI futures 13,779.4, while the energy index, which tracks oil and gas- JAG-WB 0.010 100.00 AIRASIAC77 0.005 -75.00
ECOFIRS-WC 0.010 100.00 SPSETIA-C18 0.060 -60.00
CONTRACT SETTLEMENT CHANGE HIGH LOW
related shares, climbed 12.78 points or 1.15% to 1,123.75.
POS-C27 0.010 100.00 FBMKLCI-H8L 0.065 -56.67
JUL 19 1,645.50 -13.00 1,660.50 1,645.50 “Expect the KLCI to continue to underperform. DBE-WB 0.010 100.00 PCHEM-C27 0.005 -50.00
AUG 19 1,645.50 -12.50 1,660.00 1,645.50 However small cap stocks like oil and gas and construction MAHSING-WC 0.020 100.00 PETGAS-CT 0.055 -38.89
SEP 19 1,644.00 -12.50 1,658.00 1,644.00
[companies] will continue to garner interest as retailers are GENM-C55 0.055 83.33 MSPORTS 0.010 -33.33
more active in the market compared to institutional investors GENM-C48 0.100 81.82 AIRPORT-C6 0.090 -33.33
FBM KLCI sensitivity* due to valuation and external concerns such as Brexit,” TA TSRCAP-WB 0.045 80.00 PCHEM-C29 0.010 -33.33
GENM-C54 0.095 72.73 GLOTEC-WA 0.050 -33.33
KLCI CHANGE CLOSE VOLUME Securities Holdings Bhd senior technical analyst Steven Soo
POINTS (RM) (RM) ('000) MERIDIAN-WA 0.095 72.73 TENAGA-C53 0.010 -33.33
TOP GLOVE CORPORATION 0.00 0.000 4.640 1492.9
told theedgemarkets.com. INARI-C26 0.025 66.67 LHI-CG 0.040 -33.33
GENTING MALAYSIA 2.32 0.250 3.700 57670.7 The KLCI ended lower, dragged down by components TANCO-WB 0.025 66.67 LONBISC-WA 0.010 -33.33
GENTING 1.33 0.220 6.870 11956.8 including Petronas Gas Bhd, Petronas Chemicals Group Bhd
HARTALEGA 0.52 0.100 5.220 1946.4 and Hong Leong Bank Bhd. These stocks finished among Top gainers and losers - warrants (ranked by%age)
DIALOG GROUP 0.26 0.030 3.500 18235.5 Bursa’s top decliners.
MALAYSIA AIRPORT -0.21 -0.080 8.500 4275.6 UP CHANGE DOWN CHANGE
CIMB GROUP -0.30 -0.020 5.170 5235.8
Leading gainers included KLCI stocks Genting Malaysia CLOSE (%) CLOSE (%)
RHB BANK -0.38 -0.060 5.640 3910.7 Bhd and Genting Bhd. — by Syahirah Syed Jaafar JAG-WB 0.010 100.00 AIRASIAC77 0.005 -75.00
HONG LEONG BANK -0.41 -0.120 18.200 583.2
World equity indices ECOFIRS-WC 0.010 100.00 SPSETIA-C18 0.060 -60.00
DIGI.COM -0.49 -0.040 4.950 7339.1 POS-C27 0.010 100.00 FBMKLCI-H8L 0.065 -56.67
PUBLIC BANK -0.61 -0.100 22.700 2783.4 CLOSE CHANGE CLOSE CHANGE DBE-WB 0.010 100.00 PCHEM-C27 0.005 -50.00
TENAGA NASIONAL -0.71 -0.080 13.740 2983.7
DOW JONES 27,349.19 177.29 INDONESIA 6,384.99 -18.82 MAHSING-WC 0.020 100.00 PETGAS-CT 0.055 -38.89
MAXIS -0.73 -0.060 5.610 987.6
S&P 500 3,005.47 20.44 JAPAN 21,709.57 88.69 GENM-C55 0.055 83.33 AIRPORT-C6 0.090 -33.33
PETRONAS GAS -0.99 -0.320 16.280 504.5
NASDAQ 100 7,954.56 49.45 KOREA 2,082.30 -19.15 GENM-C48 0.100 81.82 PCHEM-C29 0.010 -33.33
MAYBANK -1.05 -0.060 8.760 5073.0
FTSE 100 7,556.86 41.93 PHILIPPINES 8,161.49 -89.97 TSRCAP-WB 0.045 80.00 GLOTEC-WA 0.050 -33.33
PETRONAS CHEMICAL -2.37 -0.190 7.500 8659.6
AUSTRALIA 6,776.70 52.10 SINGAPORE 3,368.44 -4.69 GENM-C54 0.095 72.73 TENAGA-C53 0.010 -33.33
SUB-TOTAL -3.81
CHINA 2,923.28 23.33 TAIWAN 10,935.76 -11.50 MERIDIAN-WA 0.095 72.73 LHI-CG 0.040 -33.33
OTHERS 0.55
HONG KONG 28,524.04 57.56 THAILAND 1,725.44 0.57 INARI-C26 0.025 66.67 LONBISC-WA 0.010 -33.33
GRAND TOTAL -3.26
INDIA 37,847.65 -135.09 VIETNAM 988.41 -1.05 TANCO-WB 0.025 66.67 FBMKLCI-H6V 0.040 -27.27
* How stock price changes affected the index on the previous trading day

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