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PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

FRIDAY OCTOBER 4, 2019 ISSUE 2981/2019

FINANCIAL Grab stunned by

DAILY
RM87m proposed
MAKE fine for abusive
BETTER
DECISIONS
practices
5 HOME BUSINESS
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3 HOME BUSINESS

Maxis seals 5G
deal with Huawei,
readies for
2020 roll-out GST U-TURN
UNNECESSARY,
4 HOME BUSINESS

No risk of
recession next
year — Principal
6 HOME BUSINESS BUT SST CAN BE
JOHN SOH’S
TRIAL
IN SINGAPORE
IMPROVED
The current tax regime is sufficient
Witness Ken Tai to cover the government’s operational and
‘disgusted’ by way development spending — tax experts.
boss John Soh Wong Ee Lin has the story on Page 3.
treated closest allies
6 HOME BUSINESS

Moody’s revises Morgan Stanley, Goldman Sachs poised

Press Metal’s
outlook to negative to lead Airbnb’s listing — sources 9 P R O P E RT Y
2 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY
Senior Manager Elizabeth Lay
Axiata’s tower unit seeking
deals to enter new markets
‘If there’s a need to invest significantly, we might consider some of the offers'
BY KR ISHNA N DAS
KUALA LUMPUR: Malaysian tel-
ecoms firm Axiata Group Bhd has
asked its edotco towers unit to seek
deals to enter new markets or ex-
pand in Southeast Asia and South
Asia, and may consider selling a
stake if attractive large investment
opportunities arise.
Axiata last month pulled the
plug on a planned non-cash merger
with Norway’s Telenor ASA citing
unspecified complexities.
Axiata chief executive Tan Sri Ja-
maludin Ibrahim told Reuters yester-
day his company did not see chances
for another group-level deal. A tie-
up with Telenor would have created is no equivalent group deal that will
Southeast Asia’s largest telecoms op- bring the same level of benefits,” Ja-
erator with 300 million subscribers. maludin said. “However, we are open
Anwar confident of smooth
power transition
SHAH ALAM: The president of Parti
Keadilan Rakyat (PKR) Datuk Seri
Anwar Ibrahim (pic) is confident
that there would not be any prob-
lem in the process of the transition
of power later, as Prime Minister Tun
Dr Mahathir Mohamad has given
his assurance to keep his promise.
Anwar said the confidence came
about following his weekly meetings
with Dr Mahathir and he was sat-
isfied at the continuous assurance
made by the prime minister (PM).
“I guarantee he (Dr Mahathir)
will honour his promise of sur-
rendering power but the promise
is predicated upon a consensus of
Pakatan Harapan (PH) and PH has
decided prior to the election,” An-
war told reporters after becoming
a guest of a dialogue session with
Universiti Teknologi Mara students
here yesterday.
Umno postpones general assembly
KUALA LUMPUR: The 2019 Umno
general assembly, scheduled on Nov
13 to 16 has been postponed to Dec
4 to 7 to make way for the Tanjung
Piai parliamentary by-election.
Umno president Datuk Seri Ah-
mad Zahid Hamidi said the deci-
sion was agreed to by the Umno
Supreme Council which met yes-
terday following the overlapping
of the scheduled dates with the
by-election’s polling day on Nov 16.
“We will ensure all the machin-
ery of Umno and Barisan Nasional
(BN) will be focused in Tanjung
Piai,” he told a media conference
after chairing the Umno Supreme
Council meeting here yesterday.
The nomination date for the
Investors love edotco and
we continue to receive calls
from companies that want a
piece of it — Jamaludin.
The Edge file photo
“Apart from the Telenor deal, there
THE EDGE FILE PHOTO
On the query that discussions on
the period of power transition had
never been discussed prior to this,
Anwar, who is also Port Dickson
member of Parliament, regarded
it as inaccurate.
“I think it’s always a problem
when we have to pick and choose
what [the] PM said. There were
by-election would be on Nov 2 while
early polling would be held on Nov
12. The by-election would be held
following the death of incumbent
Datuk Dr Md Farid Md Rafiq, 42,
who was also deputy minister in
the Prime Minister’s Department on
Sept 21 due to heart complication.
At the 14th general election
(GE14), Dr Md Farid, an anaes-
thesiologist, represented Pakatan
Harapan-Parti Pribumi Bersatu
Malaysia (Bersatu) to win the seat
with a majority of 524 votes.
The late Dr Md Farid, who was also
Tanjung Piai Bersatu division deputy
chief obtained 21,255 votes to beat Da-
tuk Seri Wee Jeck Seng (BN-MCA) and
Nordin Othman (PAS). Wee secured
For breaking news updates go to
www.theedgemarkets.com
for unit-level deals that would result need for edotco or for that matter
in in-country consolidation because as Axiata Group, to invest signifi-
in most cases, we believe in signifi- cantly, we might consider some of
cant synergies as a result.”
discussions [on power transition]
... I think overall, consistently, Dr
Mahathir will honour the agree-
ment and his promise. I view that
positively because we should not
publicly state the time, that would
render the rule of the present PM
as quite ineffective,” he said.
Nevertheless, Anwar said the ac-
tual date of the transition of power
would be discussed later.
Last week, the media reported
that at the dialogue session organ-
ised by the Council of Foreign Rela-
tions in New York, Dr Mahathir said
he would step down from his post
before the 15th general election or
three years at the most.
The media also reported that
Anwar had told Bloomberg Televi-
sion that he expected to take over
the national administration next
year. — Bernama
20,731 votes while Nordin, 2,962 votes.
Ahmad Zahid, who is also BN
chairman, said BN had decided to
contest at the by-election but the an-
nouncement of the candidate to rep-
resent the party would only be made
after all consultations with the com-
ponent parties had been finalised.
“I have held discussions with
MCA president Datuk Seri Dr Wee
Ka Siong and will announce the can-
didate as soon as possible,” he said.
In the meantime, Ahmad Zahid
confirmed that Umno had received
an invitation from the organisers
of the Malay Dignity Congress
addressed to him and members
of the Umno Supreme Council.
— Bernama
Reuters reported this week that
Axiata had received offers for its
66.4%-owned Indonesian unit PT
XL Axiata Tbk as well for edotco
Group Sdn Bhd (edotco).
“Investors love edotco and we
continue to receive calls from com-
panies that want a piece of it,” he
said, adding that there was no hur-
ry for a sale.
“Having said that, edotco has
been encouraged to take an active
mergers and acquisitions stance
in terms of expansion into new
markets or increasing their tow-
er portfolio within the Asean and
South Asia regions. So if there’s a
the offers.” — Reuters
US jobless
claims edge up
BY K AT IA D MIT R IE VA
WASHINGTON: Filings for US
unemployment benefits rose
to a four-week high, another
sign of potential labour market
weakness in today’s monthly
jobs report. Claims remain near
historically low levels.
Jobless claims rose 4,000 to
219,000 in the week ended Sept
28, according to Labor Depart-
ment figures released yesterday
that exceeded the estimate in
Bloomberg’s survey of econo-
mists. The four-week average,
a less-volatile measure, held at
the lowest in about two months
while continuing claims fell to
the lowest in almost a year.
The third-straight rise in
claims shows that a slowdown
in manufacturing amid lower
global demand and investment
may be spreading into the la-
bour market. At the same time,
claims remain at tight enough
levels to indicate still-solid em-
ployment, and the strike by
General Motors Co (GM) work-
ers may have played a role.
The GM strike, which began
Sept 15, may have pushed up
the number of people seeking
benefits. Striking workers are
generally not entitled to receive
unemployment benefits, but
still may file to receive them.
Related industries and firms
may have also felt the impact
with about 46,000 union em-
ployees are on strike across
several states.
The Labor Department’s
September jobs report due
today is forecast to show hir-
ing rose in the month, though
overall continues to trend
down amid slower global de-
mand. — Bloomberg
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
GST U-turn unnecessary,
but SST can be improved
Current tax regime can cover govt spending — experts
BY WO N G EE L I N
KUALA LUMPUR: The prime min-
ister’s statement yesterday that the
government will study if there is a
need to reintroduce the scrapped
goods and services tax (GST) —
the removal of which was one of
Pakatan Harapan’s key pledges in
the 14th general election (GE14) —
is unlikely to gain traction among
the rakyat.
Doing so may also lead to price
increases and profiteering again
on top of the government being
accused of flip-flopping on its pol-
icies and causing the loss of busi-
ness confidence, tax experts told
The Edge Financial Daily.
Instead of doing a U-turn, the
government should instead look
into ways to make the sales and
service tax (SST) it reintroduced to
replace the GST more efficient, or
incorporate some attributes of the
GST into the SST regime to make
it a more robust one, with better
enforcement, said tax consultant
Dr Veerinderjeet Singh, who is the
chairman of Axcelasia Inc.
“One reason the SST revenue
is lower than what was generat-
ed by the GST is that the scope of
items covered by the SST is much
lower than what was covered by
the GST. If we can enhance and
widen the scope and tax base of
the SST and enforce it well as well,
as tweak it into ensuring that cas-
cading of prices is curtailed, then
we should see an increase in tax
revenue,” Veerinderjeet told The
Maxis seals 5G deal with Huawei, readies for 2020 roll-out
(From left) Al-Ishsal, Arshad, Ogut, Dr Mahathir, Yuan, Huawei executive director of the
board and president (Southern Pacific Region) Ryan Ding, and Deputy Communications
and Multimedia Minister Eddin Syazlee Shith at the signing ceremony between Maxis
and Huawei yesterday.
Edge Financial Daily.
If the government was worried
about its spending needs amid its
RM1 trillion worth of total debt and li-
abilities, the current tax regime shows
revenue collection would be enough
to cover its operating and develop-
ment expenditures without having
to revert back to the GST, according
to Affin Hwang Investment Bank Bhd
chief economist Alan Tan.
“The current government’s reve-
nue collection is substantial, [so] even
without the implementation of the
GST, the government is still on track
to achieve the fiscal deficit of 3.4%
this year and 3.2% next year,” Tan said.
The government expects RM22 bil-
lion from the SST to be collected this
year. Up to June 30, it had collected
RM13.3 billion, based on Bank Nega-
ra Malaysia data. In contrast, the GST
collected RM20.24 billion in January
to May 31, 2018.
‘Context of Dr M’s comments
needs to be understood’
Prime Minister Tun Dr Mahathir Mo-
hamad was reported as saying at an
event yesterday that the government
would look at the reintroduction of
the GST if the people want it back.
“If people believe it is better, we will
study it. We will study if it (the GST)
is better than the SST,” he was quoted
as saying. When asked if the govern-
ment could announce the reintro-
duction of GST in Budget 2020, he
said that would be difficult, as the
federal budget would be tabled next
week, on Oct 11. “Maybe we can do
it later,” he said.
In an immediate response, Dep-
uty International Trade and Industry
Minister Dr Ong Kian Ming said con-
ducting a study on the reintroduction
of the GST does not mean the system
will be brought back for certain.
The context of the Dr Mahathir’s
comments also needs to be under-
stood, Ong said. “In response to an
economist’s suggestion that we should
perhaps study it, Tun Dr Mahathir
said we could study it if the people
want the GST to be reinstated. How-
ever, if the people do not want a re-
turn to the old system, the people’s
voice will be heard and it will not be
brought back,” Ong reportedly said
at an event in Ipoh.
The GST, which was implement-
ed by the previous Barisan Nasional
(BN) administration at a 6% rate, came
into effect on April 1, 2015. It was ze-
ro-rated for three months from June 1
last year, following Pakatan’s historic
victory against BN in GE14, before
being replaced by the SST on Sept 1.
On Tuesday, the Malaysian Insti-
tute of Economic Research suggested
that the GST be brought back in its
Budget 2020 wish list, saying it was
more effective and fairer than the SST.
‘No tax system is perfect’
Should the government be serious
about reintroducing the GST, a holis-
tic consultation with all stakeholders
— including tax agents, businesses,
manufacturers and investors — has
to be done, said Grant Thornton Ma-
laysia executive director of indirect
tax and GST Alan Chung.
Weaknesses in the old system must
KUALA LUMPUR: Maxis Bhd, which
has sealed an agreement with Huawei
Technologies Malaysia to get access
to the latter’s fifth-generation (5G)
network technologies, is ready to roll-
out the service next year, as soon as
the spectrum is set for release in the
second half of that same year.
“Our ambition is to be the first
operator and chosen partner [of
Huawei] for 5G. As the 5G spectrum
release [is expected] in the second
half of next year, we are ready for
the next step.
“As soon as we launch [the 5G ser-
vices], mobile plans will be available,”
Bernama wrote Maxis chief executive
officer (CEO) Gokhan Ogut as saying
to reporters after the group signed the
agreement with Huawei yesterday
in a ceremony that was witnessed
by Prime Minister Tun Dr Mahathir
Mohamad in Putrajaya yesterday.
While Ogut said Maxis has yet to
decide on the pricing as the 5G ser-
vice network is still on trial, he said
the group will opt for a pricing strat-
egy that provides customers with a
HOME BUSINESS 3
FMM: Now is a good time to
reintroduce GST
BY WO NG S W E E MAY
KUALA LUMPUR: The Federa-
tion of Malaysian Manufacturers
(FMM) says this is a good time
to reintroduce the goods and
services tax (GST) as Malaysia’s
export industry could use some
help amid a weak external en-
vironment. The federation said
Malaysian exports can become
more competitive internationally
as no GST is imposed on export-
ed goods and services, while the
GST incurred on inputs can be
recovered along the supply chain.
“Given the weak external envi-
ronment and amid current global
tensions, we believe that priori-
ty should be given to strengthen
the economy and restore more
favourable business conditions.
Therefore, this will be the oppor-
tune time to reintroduce the GST
system,” it said in a statement.
FMM also suggested the gov-
ernment make the tax more
friendly for consumers and busi-
nesses by taking these five steps:
○ Cut the GST rate from 6% to
3%;
also be addressed, he said, citing as
example the RM19 billion worth of
tax refunds that were not returned,
which had shaken businesses’ con-
fidence in the government’s 14-day
tax refund promise.
“No tax system is perfect, [like
laws], so that’s why there are laws
that have to be changed,” said Chung.
Though he did not indicate whether
he was for or against the reintroduc-
tion of the GST, he noted: “What the
people want is [a tax regime] that
reduces the cost of living, which is
unrealistic.” Affin Hwang’s Tan said
the reintroduction of the GST is more
about shifting the dependence on
direct tax to indirect tax, and bring
down corporate income tax to make
variety of price options and services.
The agreement was inked by
Ogut on behalf of Maxis, while Hua-
wei was represented by its CEO,
Michael Yuan.
According to the newswire,
Malaysian Communications and
Multimedia Commission chair-
man Al-Ishsal Ishak, who was also
present at the event, said the final
report on Malaysia’s 5G mobile
technology implementation will
likely be completed next month.
The interim report by the Na-
tional 5G Special Task Force would
be submitted to Communications
and Multimedia Minister Gobind
Singh Deo, he said.” Hopefully, by
the third quarter [of next year] the
[5G] spectrum will [be] allocated,”
Al-Ishsal was quoted as saying.
The agreement Maxis inked with
Huawei yesterday will allow Maxis
to have access to Huawei’s insights,
standards, products and solutions
that will make 5G easier to adopt,
operate and introduce new use cases
in Malaysia. Huawei would also be
○ Zero-rate all essential goods
and services;
○ Reduce tax compliance burden
by increasing the GST registra-
tion threshold to RM1 million;
○ Minimise delays in refunds for
exporters and businesses with
zero-rated supplies;
○ Include the provision of interest
on late payments and refunds
in the GST legislation to ensure
strict compliance with the cli-
ent charter and integrity of the
system.
FMM added it would not be dif-
ficult for manufacturers to switch
back to the previous automated
model under the GST taxpayers
access point system as the com-
pliance system already exists.
“We look forward to be en-
gaged in the study proposed by
the government in order to pro-
vide manufacturers’ views on the
possible reintroduction of the GST
system,” it said. FMM added that
the GST is a more transparent and
effective tax regime compared to
the sales and service tax, with over
170 countries using this “infallible
and fair tax structure”.
Malaysia more competitive. And the
GST would not result in a tax cascad-
ing impact that could lead to higher
prices, he said.
And given that businesses have
implemented the GST before, com-
pliance cost will be a lot lower than
when it was first introduced in 2015.
The government’s administrative
cost will likewise be lower, said Tan.
The issue is whether doing this
U-turn is “politically acceptable”,
said United Overseas Bank (M) Bhd
senior economist Julia Goh. But ex-
panding the indirect tax base with
the GST “will solve the problem of
being reliant on the small percentage
who pay taxes, which discourages
productivity”, she added.
supplying Maxis with 4G/LTE and
5G radio equipment and services un-
der the deal, according to Bernama,
quoting Maxis chairman Raja Tan Sri
Arshad Raja Tun Uda.
“Leveraging on existing Maxis’
investments and footprint, it (this
agreement) will be able to facili-
tate a faster roll-out of 5G services
when the spectrum is available,”
Arshad said.
The collaboration follows a mem-
orandum of understanding inked
between the two groups in February
to cooperate on full-fledged 5G trials,
after which Maxis started the first 5G
live trials in Malaysia, where it record-
ed close to 3Gbps download speeds.
In a statement released at the
event, Dr Mahathir said collab-
orations between global players
and local vendors are important to
support a thriving technology eco-
system in Malaysia. “I am pleased
to see Maxis and Huawei taking
advantage of this environment and
supporting the growth of Malaysia’s
digital economy,” he said.
4 HOME BUSINESS
No risk of recession
next year — Principal
Resumption of a growth trajectory is possible after the current slowdown
BY TAN XU E Y I N G
KUALA LUMPUR: While there
are legitimate concerns over the
strength of the global economic
recovery, an investment manager
says investors should not be pre-
paring for a recession in 2020.
Principal Portfolio Strategies
chief investment officer Todd
Jablonski said indicators are show-
ing that the current economic slow-
down could level off with potential
increases thereafter.
“We have seen three separate
slowdowns since the global finan-
cial crisis,” Jablonski told reporters
on the sidelines of the Principal
Asia Summit here yesterday. “Since
March 2009, we have first had the
European sovereign debt crisis that
was approximately a 20-month
slowdown, secondly we had noise
in 2017 around commodities and
that was a 17-month slowdown.
“The current [and third] slow-
down is sitting at 20 months now.
Based on the macroeconomic data
that we see, particularly around the
Organisation for Economic Co-op-
eration and Development (OECD)
indicators in Asia, it gives us a per-
spective that says we see a flatten-
ing in that negative trend, and that
gives an opportunity in the fourth
quarter of 2019 into the early 2020
for the economic landscape to im-
prove,” he added.
Govt investment in childcare could add to GDP — KRI
BY A R J U NA CHA ND RA N SHANKAR
& WO N G SWEE MAY
KUALA LUMPUR: Government
investment in the childcare sec-
tor could add as much as 0.4% to
real gross domestic product (GDP)
growth, and also prompt greater
female participation in the labour
force, as well as the creation of some
3,380 jobs annually, according to
Khazanah Research Institute (KRI).
The issue of care work is becom-
ing an urgent matter as Malaysia’s
life expectancy has increased while
the total fertility rate had declined,
thus translating into a higher care
burden, KRI deputy director of re-
search Christopher Choong said
at the launch of the think tank’s
pilot study “Time to Care: Gender
Inequality, Unpaid Care, Work and
Time Use Survey (TUS)” yesterday.
“The sheer scale of unpaid care
also worsens gender inequalities
both in the workplace and the house-
hold since women bear most of the
burden of care. Moreover, current
measures of poverty and inequality
do not factor in unpaid care, so we
do not have a true picture of house-
hold living standards,” Choong said.
According to Jablonski, reces-
sion risks are not overplayed, but
instead, reasons for optimism are
“under-blown”.
“I do not see the current slow-
down ending in crisis. There are al-
ways exogenous ‘shock risks’, and I
would say that those risks are more
pronounced than usual, particular-
ly around what I call ‘tweet risks’ or
other ‘trade risks’ that can actual-
ly affect the market. And with risk
velocity increasing, those events
can be priced into the event more
quickly,” he said.
Noting that China has stopped
tightening its lending standards,
Jablonski said: “We have seen a re-
bound in the OECD indicators for our
five key Asian countries (China, India,
South Korea, Japan and Indonesia)
KRI has proposed for a childcare
allowance to be distributed among
eligible parents. Upon receiving
the allowance, parents would have
to place their children in the Wel-
fare Department’s day care centres
(Taman Asuhan Kanak Kanak).
KRI research associate Nazihah
Muhamad Noor said a monthly
RM100 allowance [for childcare]
could contribute to 0.4% GDP
growth annually, while female la-
bour force participation would in-
crease by an estimated 1.6% within
a year, to reach 63% in the next five
years from 55.8% at present.
Choong said the proposed allow-
ance was for children below four
years old, and based on KRI’s sim-
ulations would cost RM100 million.
The think tank was also of the view
that paid parental leave should be
increased, KRI in full support of the
government’s plan to raise paid ma-
ternity leave to 90 days, from 60 days.
“We need to have paid paternity
leave, not just in the public sector
but also in the private sector. As we
have seen [from] the global popu-
lation and our sample population,
women are contributing more to the
market work, more than men are
Jablonski says recession
risks are not overplayed,
but instead, reasons for
optimism are ‘under-blown’.
Photo by Bloomberg
that give us optimism for the future.
“Those things should be trum-
peted a bit more loudly — as well
as the strength of the consumer
and service sectors — to give in-
vestors some comfort that it’s not
necessarily a recession they should
be preparing for, it could just be a
slowdown that resumes to a growth
trajectory,” he said.
The Kuala Lumpur stop of the
annual Principal Asia Summit was
organised by Principal Asset Man-
agement Bhd, and focused on how
investors can navigate and find op-
portunities in an environment of
uncertainty, volatility and height-
ened risk velocity.
At the summit, Principal Asia
president Thomas Cheong pointed
out that the risk velocity is now grow-
Choong: The sheer scale of unpaid care
also worsens gender inequalities both
in the workplace and the household.
Photo by Suhaimi Yusuf
contributing to unpaid care work,”
she said, adding that paid paren-
tal leave would enable families to
more equally take on care respon-
sibilities, and make Malaysia more
gender-inclusive.
On the added cost, Nazihah said
one option was to shift the cost of
parental leave for instance from the
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ing on a day-to-day basis. Risk ve-
locity refers to risks that are not just
challenging themselves, but move
from peripheral threats to portfolio
impacts at an elevated pace.
Cheong said now is possibly the
most challenging time for the mar-
kets since the global financial crisis,
given the uncertainties resulting
from the US-China trade war and
the situation in the Middle East and
North Korea, and on top of that,
other issues such as impacts of
technology advancement on indus-
tries as well as demographic shifts.
The key to navigating the current
market conditions, according to
Principal Asset Management Ma-
laysia chief investment officer of
equities Patrick Chang, is diversi-
fication and a focus on structuring
portfolios with much higher yields.
These include global diversified
income strategies, looking at global
real estate investment trusts, as well
as at relatively defensive markets
such as Singapore, he said.
Meanwhile, Jablonski encour-
aged investors in Malaysia to re-
turn to strategic asset allocations
by assessing their risk appetite,
before making tactical deviations,
and to adopt a defensive posture by
reducing the standard deviation of
returns, with a focus on large-cap-
italisation stocks, stable quality
firms, and emphasising the better
quality ends of fixed income.
employer to social insurance.
Another policy proposal would
see a set of minimum care stand-
ards that have to be met by informal
childcare providers.
Nazihah said a balance has to be
struck between ensuring children
placed in these informal care centres
are safe, and ensuring the compli-
ance cost of of these informal child-
care centres are reasonable. This is as
most Malaysian parents utilise these
centres, which are usually cheaper
than their formal counterparts, as
the latter are government registered.
The study reviews how Malay-
sians allocate their time for different
activities based on a TUS. Therefore,
the study uses time as a barometer
for the value of the activities stated,
as unpaid care work does not have
a market value.
The study’s sample was 125 re-
spondents, comprising 63 males
and 62 females. Top 20% earners ac-
counted for 10% of the respondents,
with the middle 40% and bottom
40% segments accounting for 20%
each. The respondents were aged 20
to 64, representing the working-age
population who are more likely to
be net caregivers.
THE EDGE FILE PHOTO
Advertising
veteran Shahar
Noor dies
KUALA LUMPUR : Shahar
Noor (pic), 71, an iconic fig-
ure of the local advertising
and communications indus-
try, passed away early yester-
day morning at his residence
in Bukit Bandaraya, Bangsar.
Shahar was prominent in
the advertising world where
he played an active role in lev-
elling the playing field in the
industry that was once dom-
inated by multinationals and
ensuring greater profession-
alism of the industry players.
He was formerly the presi-
dent of the Malaysian Adver-
tisers Association, and after
retiring from Panasonic Ma-
laysia Sdn Bhd as its associate
director of corporate commu-
nications, he joined Friends
Advertising & Communica-
tions Sdn Bhd in 2006 as its
executive chairman.
Among the prominent
members in his family include
his elder brother Tan Sri Hai-
dar Mohd Noor, former chief
justice of Malaya and chair-
man of Bumiputera-Com-
merce Bank Bhd.
His nephew Syed Mohamad
Idid when contacted by Ber-
nama said his uncle was pro-
nounced dead by emergency
medical responders following
a fall in the bathroom around
3am before the incident was
realised by his wife, Kalsom Is-
mail, at 5.45am. Shahar leaves
behind two daughters.
His remains was taken to
the Saidina Abu Bakar Mosque
in Bangsar and laid to rest at
the Bukit Kiara Muslim ceme-
tery after Zohor prayers.
Bernama chairman Datuk
Seri Azman Ujang, a long time
friend of Shahar, said; “His
sudden death came as a shock
to me as I have always regard-
ed him as an iconic figure in
the Malaysian public relations
and advertising industry.
“He was the second prom-
inent figure in the commu-
nication world who left us
in the last five months. In
May, Kamaruzaman Tambu,
a towering public relations
practitioner died of cancer.
It's indeed a huge loss to the
industry within such a short
period.” — Bernama
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Grab stunned by
RM87m proposed fine
for abusive practices
Firm insists it has fully complied with Competition Act
BY A H M AD NAQ I B I D RI S
& NAZUIN ZULAIKHA KAMARULZAMAN
KUALA LUMPUR: Insisting that
it has fully complied with the law,
Grab Holdings Inc yesterday ex-
pressed surprise at the Malaysia
Competition Commission’s (MyCC)
proposed decision to fine the com-
pany RM86.77 million for abusing
its dominant position by imposing
restrictive clauses on its drivers.
“We maintain our position that
we have complied fully with the
Competition Act 2010,” said the
ride-hailing firm. “We are surprised
by the proposed decision.”
MyCC had earlier in the day ac-
cused Grab of imposing clauses re-
stricting its drivers from using their
vehicles to promote and advertise
other e-hailing platforms, which it
said would distort the market and
create barriers to entry for other
existing and future competitors of
the dominant player.
The competition watchdog’s
chief executive officer, Iskandar
Ismail, said the investigation into
Grab — which includes GrabCar
Sdn Bhd and MyTeksi Sdn Bhd —
was prompted by numerous com-
plaints made against the company.
“The drivers are not their em-
ployees. They merely use the Grab
app [to find passengers]. The drivers
own their own car, so they should
be able to do whatever they want
with their own car.
“This restriction from promot-
ing others will distort the market,
as it creates barriers to entry and
expansion of Grab’s existing and
future competitors,” Iskandar told
a press conference.
He said the restrictive claus-
es only became an issue after the
merger between Grab and Uber’s
Southeast Asian operations in late
March last year, which turned the
e-hailing company into a dominant
player in the market.
The RM86.77 million fine comes
Hibiscus to participate in offshore Gippsland Basin project
BY C H EST E R TAY
KUALA LUMPUR: Hibiscus Pe-
troleum Bhd is participating in an
oil exploration project previously
awarded to its 11.7%-owned Aus-
tralian associate 3D Oil Ltd in the
offshore Gippsland Basin, Australia.
In a filing with Bursa Malaysia
yesterday, Hibiscus said its indi-
rect wholly-owned subsidiary Car-
narvon Hibiscus Pty Ltd (CHPL)
has exercised an option to take
Iskandar speaking at a press conference in Kuala Lumpur yesterday. He says the
investigation into Grab was prompted by numerous complaints made against the
company. Photo by Suhaimi Yusuf
with a penalty of RM15,000 per day
starting yesterday, for as long as
Grab fails to take remedial actions
to address competition concerns.
Grab said it is working with its
lawyers and will file its written rep-
resentations to MyCC by Nov 27.
“Whilst our legal counsels are
now studying the proposed decision,
we believe that it is common practice
for businesses to decide upon the
availability and type of third-party
advertising on their respective plat-
forms, tailored according to con-
sumers’ needs and feedback,” the
company said in a statement.
It is understood that this is the
largest fine issued by MyCC against
a single company to date.
Iskandar, however, emphasised
that this is a proposed decision and
that Grab has 30 working days to
present their defence.
Other countries in the region also
took action against Grab last year.
Last year, the Competition and
Consumer Commission of Singapore
imposed a S$6.42 million (RM19.45
million) fine against Grab and a
S$6.58 million fine against Uber over
the merger, as the commission said
the deal had significantly reduced
up 50% interest in the exploration
permit there.
The 1,006 sq km exploration per-
mit, dubbed VIC/P74, was awarded
to Australian Stock Exchange-list-
ed 3D Oil in July by the National
Offshore Petroleum Titles Admin-
istrator.
The permit is located on the
southern side of the Gippsland
Basin, adjacent to the world-class
Kingfish oilfield — the largest ever
discovered in Australia which to
competition in the market. It was also
found that ride fares were increased
following the merger.
Meanwhile, the Philippine Com-
petition Commission fined Grab
eight million pesos (RM646,600)
for its failure to maintain pricing
policies, rider promotions, driver
incentives and service quality fol-
lowing the merger.
Asked if Malaysia was slow in
taking action against Grab, Iskandar
pointed out that the law in Malaysia
currently does not provide MyCC
powers over mergers, so it cannot
“unscramble the egg”.
“Singapore and the Philippines
took action earlier because they have
merger powers, as provided by their
laws. MyCC can only investigate the
situation post-merger, so we investi-
gated Grab after the merger.
“We have plans to amend the
law to include merger powers. I
think the time is right for us to have
merger powers so we can respond
efficiently to similar cases in the
future,” he said.
Iskandar also said that MyCC has
received complaints on other issues
besides third-party advertising, but
declined to comment further.
date has produced over one billion
barrels of oil.
In conjunction with the above,
Hibiscus said CHPL will enter into
a conditional farm-in agreement
with 3D Oil at a later date, of which
an agreed term is that 3D Oil shall
remain as the operator of the per-
mit through the first three years
of the prospect generation phase
(First Phase).
“This work programme con-
sists primarily of purchasing re-
HOME BUSINESS 5
GDP has to reach 8% to
achieve Shared Prosperity
Vision — MIER
BY AZ LE E N O R MA H MUD
KUALA LUMPUR: Malaysia has
to reach economic growth of 8%
in order to attain the Shared Pros-
perity Vision 2030, the Malaysian
Institute of Economic Research
(MIER) said.
Its chairman Tan Sri Kamal
Salih said according to his calcu-
lations, the gross domestic prod-
uct (GDP) growth rate has to be
somewhere between 6% and 8%
and it could not be between 4%
and 5%.
“It is not enough, it will be a
slow rise. In the meantime, other
countries will jump over us. To
achieve over 6%, we have to do
a leapfrog strategy and focus on
key sectors,” he told Bernama in
an interview.
Kamal said Malaysia has to
be wary of anomalies that are
happening outside of the coun-
try and not be complacent the
moment oil prices go up, as it
generates momentary boost of
income.
He said instead, Malaysia
needs to divert its resources and
invest in the structural change of
long- to medium-term growth.
“We may spend a lot more
money, we may even try to re-
structure the debt, but even-
tually we must continue to
expand in infrastructure, new
industries, technology, agricul-
ture, to produce more food and
train more skilled people, as
all these are already in place,”
he said.
Kamal said the elements of
the Shared Prosperity Vision
2030 was already incorporated
in Vision 2020, under previous
predecessors.
He said, however, the last re-
gime had become greedier, as
the whole setup of “what’s in it
for me and not for the country”
attitude had taken root.
“We lack that kind of men-
tality and people do the sim-
pler things, they follow the line
of least resistance, and stay in
their comfort zone, as they don’t
know how to venture, and they
fear of failure.
“Whereas entrepreneurship,
technology, investment, inno-
vation, all are experimental, you
just need to keep at it, if you fail
processed 3D seismic data to pro-
gress geological and geophysical
studies in order to fine-tune re-
source assessments and enable due
prospect ranking,” it said.
“It has been agreed between the
parties that if it is required that a
well or wells be drilled after the First
Phase, CHPL shall be the operator
of the permit but 3D Oil shall con-
tinue to be the operator for geolog-
ical and geophysical operations,
however, if there is a farm-in for a
you rise, failure is a lesson, instead
you just give up,” he said.
Kamal said some Malaysians
have given up on the country, and
they went overseas and thrived.
“This trust deficit in govern-
ment is a big thing, and the young-
er generation couldn’t care less,
as they will do their thing and
hope that they can be success-
ful,” he said.
Kamal said the early period of
the New Economic Policy pro-
duced quite of a lot of good people,
both bumiputera and non-bumi-
putera.
“They have been successful, they
are what that have kept this econo-
my afloat. But there is an increasing
number of those who have given up,
and wait for more handouts from
the government, and the govern-
ment not having enough money
to hand out.
“When the government had the
money to hand out, it handed out
to cronies, and it is not spread out
enough, not inclusive enough,” he
added.
Kamal said the country also
needs to pare down its over-reli-
ance on foreign investment as it
is the reason why Malaysia cannot
industrialise faster.
“In fact, we have gone through
the process of deindustrialisation
for the last 20 years,” he said.
He said Malaysia has also shift-
ed to services and has become a
consuming country instead of a
producing country, while it still
produces in the traditional areas
of resource-based economy.
“Although diversified, we are
still in [the] palm oil and rubber
industries but no longer as the
leading producers as Thailand
and Indonesia have taken over
the roles.
“We are also depended very
much on our oil and gas. When
oil prices go down, we get into trou-
ble,” he said, adding that the funds
government raised from taxes were
mainly used for operations.
Going forward, Kamal said we
should promote local inventors
and research and development, as
well as commercialise innovations
from universities.
“We are weak in commercialisa-
tion. When people have ideas, the
bureaucracy tend to be an obstacle,”
he added. — Bernama
substantial interest in the permit
that will require drilling a well or
wells by the farmee, the farmee
will become the operator instead
for all operations.
“Upon completion of CHPL’s
acquisition of the interest, CHPL
and 3D Oil will enter into a joint
operating agreement,” it added.
Hibiscus’ share price slipped
0.5 sen or 0.5% to 95 sen yester-
day, with a market capitalisation
of RM1.5 billion.
6 HOME BUSINESS
Witness Ken Tai ‘disgusted’ by way
boss John Soh treated closest allies
‘He had a habit of pushing blame to his guys, causing them to declare bankruptcy’
BY BENJAMIN CHER
SINGAPORE: John Soh Chee Wen,
the alleged mastermind of the
2013 penny stock crash, was a boss
who did not treat closest members
of his market-rolling gang well.
This was revealed in court yes-
terday as the prosecution com-
pleted its examination-in-chief of
prosecution witness Ken Tai Chee
Ming, who was once part of Soh’s
“inner circle”.
In one instance, Tai revealed
how some S$40 million from an
acquisition deal of Sino Construc-
tion Ltd — one he helped Soh bro-
ker with Edward Lee Ewe Ming —
had been transferred to another
account belonging to the mother
of Soh’s alleged co-conspirator
and girlfriend Quah Su-Ling. Tai
had been informed of this by the
then chairman of Sino Construc-
tion, Andy Chee.
Chee told Tai that Soh had a
habit of pushing the blame to
his guys, causing them to declare
bankruptcy. Soh would also “drip
Moody’s revises Press Metal’s
outlook to negative
KUALA LUMPUR: Moody’s In-
vestors Service has revised the
outlook on Press Metal Alumin-
ium Holdings Bhd’s and Press
Metal (Labuan) Ltd’s ratings to
negative from stable.
In a statement yesterday, the
rating agency said the nega-
tive rating outlook is reflec-
tive of its expectation of weak-
er credit metrics over the next
12-18 months as Press Metal
pursues growth and increasing
raw material security through
debt-funded acquisitions and
capacity expansion in a weak
aluminium price environment.
Press Metal announced the
expansion of its smelting capac-
ity in Bintulu, Sarawak (Phase 3)
by 320,000 tonnes on the back of
a new 15-year power purchase
agreement with Sarawak Energy
Bhd, for an additional 500mw.
Moody’s expects Press Met-
al’s adjusted leverage to rise
to around 3.5 times next year,
before improving to 3.2 to 3.3
times in 2021 when the expand-
ed capacity comes onstream
and the benefits of the compa-
ny’s investments are realised.
“In terms of environmental,
social and governance factors,
the ratings reflect the elevated
environmental risk facing alu-
minium producers in terms of
feed” his guys to keep them loy-
al. Tai also learnt how Soh had
unfriended Dick Gwee Yow Pin,
who had taken the bullet for Soh
after the Mid-Continental scandal.
Gwee was among the parties
who once threatened to sue The
Edge Singapore for publishing the
story under the headline “Hunt-
ing for the truth” (Issue 641, Sept
1, 2014).
“After Dick was released from
prison, [Soh] didn’t treat him like
a friend, meaning even if he saw
[Gwee] on the street, Soh would
treat him as transparent,” said Tai.
Gwee also told Tai how Soh’s
son Han Quan, had caused trad-
er Leroy Lau Chee Heong to lose
S$32 million while helping Soh
and Quah roll Innopac Holdings
Ltd shares.
Recounting the incident be-
tween him and Soh’s son which
happened in the Dubai room, Gwee
said he had just bought a block of
Innopac shares and was monitoring
the counter when Soh’s son asked
him why he was monitoring it.
Given the negative
outlook, upward
pressure on the
rating is unlikely.
carbon regulation and air pol-
lution,” it added.
Nevertheless, Moody’s point-
ed out that Press Metal uses hy-
dropower, which is a more en-
vironmentally-friendly source
of energy. The company also
procures carbon anodes with
less than 2% sulphur content
to regulate sulphur oxide emis-
sions.
Given the negative outlook,
upward pressure on the rating
is unlikely, said Moody’s.
It added that it could change
the outlook to stable if Press
Metal successfully completes
its acquisitions and expansion
in a timely manner, resulting in
lower costs and higher margins.
“Specifically, Moody’s would
revert to a stable outlook if the
company’s: (1) earnings before
interest, taxes, depreciation and
amortisation (Ebitda) margin
remains above 15% on a sus-
tained basis; and (2) adjusted
debt/Ebitda remains below 3.5
JOHN SOH’S
TRIAL
IN SINGAPORE
Soh’s son sold his block of In-
nopac shares shortly after, causing
Lau to take a S$32 million loss.
Both Gwee and Tai believed it was
Soh who issued the instruction to
sell the block of shares.
“Only [Soh] could have done
it with a large block of shares. If
[Soh] had told me he was the one
who orchestrated the lawsuits, I
might have remained loyal, but
he lied to me,” said Tai.
The way Soh treated other trad-
ers like Wong Xue Yu and even
Peter Chen Hing Woon, someone
who had been friends with Soh for
over a decade, also outraged Tai.
“It feels disgusted when my
own boss gave instructions to fin-
ish off his own friends. The way
he skinned Leroy over S$30 mil-
lion in one shot, I feel that’s very
times for an extended period.”
Meanwhile, Moody’s af-
firmed Press Metal’s corporate
family rating of Ba3. It also af-
firmed the backed senior un-
secured rating of Ba3 for Press
Metal (Labuan).
The agency said the rating
could be downgraded if there is
a material erosion in its profita-
bility, driven by extended oper-
ational shutdowns, an increase
in power costs, delays in the
execution of planned invest-
ments or extended tightening in
alumina-to-aluminium pricing.
“It could also be downgrad-
ed if the company’s leverage
increases or its liquidity dete-
riorates. Specifically, Moody’s
would downgrade the rating if
the company’s: (1) Ebitda mar-
gin remains below 15% for an
extended period; and (2) ad-
justed debt/Ebitda rises above
3.5 times.”
Press Metal’s ownership is
concentrated in the promoter
group led by the Koon family,
which held a 60% stake as of
June 30. This risk is partially
mitigated by Sumitomo Corp’s
ownership of 20% of the Press
Metal’s subsidiaries, Press Met-
al Bintulu Sdn Bhd and Press
Metal Sarawak Sdn Bhd, which
run the smelters.
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
disgusting,” said Tai.
In the subsequent cross-exam-
ination by Soh’s defence coun-
sel N Sreenivasan of K&L Gates
Straits Law, Tai admitted to a link
between him and Roger Tan, the
chief executive officer of Voyage
Research, formerly SIAS Research.
Tan’s father, was revealed to be
Tai’s godfather.
Tai also admitted he had lied
to the prosecution and the Com-
mercial Affairs Department (CAD),
saying the trades in Algo Capi-
tal’s Interactive Brokers account
were “fat finger trades” when these
were, in fact, keyed in by him per-
sonally.
Sreenivasan asked Tai about
why he had lied to the CAD and
the prosecution, to which Tai re-
plied he did not want to incrimi-
nate himself any further.
“If you look at the things I did
for [Soh], I think I’ll go to jail longer
than Goh Hin Calm,” said Tai.
Goh, former interim IPCO In-
ternational Ltd chief executive,
was sentenced in March to 36
Sedania Innovator ventures
into e-sports business
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Sedania Innova-
tor Bhd is venturing into the elec-
tronic sports or e-sports space via
a special-purpose vehicle (SPV) to
launch a global e-sports tourna-
ment and media network.
The technology company, which
is presently involved in fintech,
greentech, the Internet of things and
big data analytics, has inked a share
subscription agreement with iCandy
Interactive Ltd and the former chief
of eSports.com AG, Michael Broda,
to take part in the joint venture.
Sedania Innovator and iCandy
will each have a 42.55% stake in the
SPV — Esports Pte Ltd (ESPL), which
was incorporated in Singapore —
while Broda will own the remaining
14.9%. The e-sports tournament and
media network it is working on is to
be called eSports Pro League, which
will be launched across 16 countries,
covering Asia, Europe and America,
said Sedania in a statement yesterday.
“The shareholders have agreed
to make an initial contribution of
S$235,000 (RM712,312) into ESPL.
Both Sedania and iCandy will con-
tribute S$100,000 each, while the
remaining S$35,000 will be con-
tributed by Michael.
“Sedania and iCandy are granted
the option of first right of refusal to
invest a further sum of S$300,000
each into ESPL for the next three
financing rounds, subject to terms
and conditions to be mutually
agreed upon by the parties involved
in the next three financing rounds
months’ jail after pleading guilty
to two of six charges for his role
in manipulating the penny stocks.
Sreenivasan also questioned Tai
on whether he had been granted
immunity, to which Tai replied
that while his lawyer has made
verbal requests to officers from
the CAD and the Monetary Au-
thority of Singapore, he did not
get a response.
Sreenivasan followed it up by
asking why Goh was charged but
not him, to which Tai replied he
did not know why.
Tai also said that he was un-
aware of the margin call by
Goldman Sachs on Oct 1, which
sparked a fall in prices. All he knew
was that his buy orders were get-
ting fulfilled very fast after being
told to support the share price
on Oct 3, with the market filling
his one million shares buy order
10 times.
The trial resumes today when
Sreenivasan will continue his
cross-examination. — The Edge
Singapore
THE EDGE FILE PHOTO
respectively,” Sedania said.
Sedania group managing direc-
tor Datuk Azrin Mohd Noor (pic)
is confident that the partners’ col-
lective expertise and experience —
iCandy has been involved in mobile
games and digital entertainment
while Broda was the chief execu-
tive officer of eSports.com — will
enable them to build the e-sports
industry in Malaysia and the region.
“The proposed venture is also
in line with our group’s expansion
plan in e-sports and e-sports-related
business. We are planning to launch
the eSports Pro League in early 2020.
ESPL is currently in its building phase
for its online tournament platform.
The first season is anticipated to take
place from February to December
next year,” Azrin added.
Sedania shares ended half a sen or
4% lower at 12 sen yesterday, giving
the group a market capitalisation of
RM29.81 million. The stock has re-
treated nearly 23% over the past year.
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Southeast Asia’s Internet
economy to top
US$100b this year
Value of online transactions expected to triple by 2025
BY YO O L I M LEE
SINGAPORE: Southeast Asia’s In-
ternet economy is on track to ex-
ceed US$100 billion (RM419 bil-
lion) this year before tripling by
2025, becoming one of the world’s
fastest-growing arenas for online
commerce, thanks to a youthful
population increasingly comfort-
able with smartphones.
The value of online transac-
tions in areas from Internet retail
to car-hailing should reach US$300
billion by 2025, fuelled by an exist-
ing population of 360 million online
users, according to a research re-
port by Google, Temasek Holdings
Pte and Bain & Co.
The region, home to ride-hailing
Grab and Alibaba Group Holding
Ltd’s e-commerce site Lazada, in-
cludes four countries — Thailand,
the Philippines, Indonesia and Ma-
laysia — in the top 10 globally in
terms of time spent by users online,
the study showed.
Indonesia, the world’s fourth
most-populous country with 264
million people, will anchor a re-
gion that also includes Singapore
and Vietnam.
The annual report, previously
helmed by Google and Temasek,
measures gross merchandise value
in e-commerce, ride-hailing, online
media and online travel and has
become a prime reference for the
region’s Internet industry.
Bain joined as a lead partner this
year and the study encompassed
digital financial services for the
first time.
E-commerce remains the bright-
est spot in Southeast Asia’s Internet
economy. Aided by online festivals
for attractive deals, in-app enter-
tainment and faster delivery, the
market is projected to quadruple
from US$38.2 billion in 2019 to
PNB to relook at STRIVE-15 strategic plan 2017-2022
KUALA LUMPUR: Permodalan Na-
sional Bhd (PNB) will have a relook
at its STRIVE-15 Strategic Plan 2017-
2022 on whether there is a need to
tweak it forward, given the current
landscape of weak investment re-
turns environment globally and ge-
opolitical issues.
“PNB had previously set a mid-
term period for the STRIVE-15 pe-
riod for reviews, and currently we
are doing a mid-term review on
it and we’ll see what have been
agreed (upon) and what have been
achieved.
“Basically, STRIVE-15 would be
consistent with what we said we
US$153 billion by 2025. The bulk
of that growth will come from In-
donesia, where the e-commerce
market is poised to expand from
US$21 billion to US$82 billion.
The regional ride-hailing mar-
ket is projected to reach US$40 bil-
lion by 2025 from US$12.7 billion
in 2019, propelling sector leaders
Grab and Gojek.
Both see food delivery as a key
driver of growth and profitability.
That, in turn, intensifies compe-
tition with meal delivery companies
such as Foodpanda and Deliveroo.
Vietnam is emerging as the most
digital of all economies in the re-
gion, with the gross merchandise
value of its Internet economy set
to account for more than 5% of the
country’s gross domestic product
in 2019.
That compares with the 3.7%
share for Southeast Asia. E-com-
were going to do three years ago,”
PNB newly-appointed president
and group chief executive officer
Jalil Rasheed told reporters after the
final round of the PNB Investment
Quiz and prize-giving ceremony
yesterday.
PNB STRIVE-15 comprises three
pillars, namely enhancing sustain-
able returns, effective investment
management and driving opera-
tional excellence.
Asked whether PNB will contin-
ue to invest in the equity markets
of advanced and emerging mar-
kets, Jalil said: “That’s actually very
critical for us ... PNB’s asset under
merce is a key driver behind the
boom in Vietnam, where home-
grown marketplaces like Sendo
and Tiki compete with regional
players including Lazada and Ten-
cent Holdings Ltd-backed Shopee.
Digital payments are moving
into the mainstream and expected
to exceed US$1 trillion by 2025. Of
the 400 million adults in Southeast
Asia, 98 million are “under-banked”
— people with bank accounts but
limited access to other services
such as credit. And another 198
million have little recourse to fi-
nance whatsoever.
Those expectations of heady
growth are helping to attract in-
vestors despite global headwinds.
Southeast Asia’s Internet compa-
nies raised US$7.6 billion in the
first six months of this year, up from
US$7.1 billion a year earlier, the
study showed. — Bloomberg
management value today stood at
RM300 billion and Malaysia’s market
is just not large and deep enough.
“We have various roles in Malay-
sia which include investing in local
companies, as well as playing a huge
role developing the ecosystem, but
we need to start looking outside.
We have already started investing
overseas and that will continue.”
He said PNB would need to diver-
sify its investments, perhaps a lot in
single-asset class and in Malaysia.
“We need to rethink how [that
allocation] is done and what ge-
ography that makes sense for us to
invest in.” — Bernama
HOME BUSINESS 7
Edra Solar owns and operates a 50MW solar power farm in Kuala Ketil, Kedah.
OCBC Al-Amin
successfully prices
Edra Solar’s RM245m
sustainability sukuk
KUALA LUMPUR: OCBC Al-
Amin Bank Bhd, the lead ar-
ranger and joint bookrunner
of Edra Solar Sdn Bhd’s Sus-
tainability Sustainable and Re-
sponsible Investment sukuk, has
successfully priced the RM245
million Islamic bonds.
In a statement yesterday,
OCBC Bank (Malaysia) Bhd
managing director and senior
banker of client coverage and
head of investment banking Tan
Ai Chin (pic) said the success of
the sukuk is a good example of
how focusing on the sustaina-
bility agenda, which combines
the social and environment fac-
tors as pillars to a project, allows
project sponsors to derive the
most optimal financing for their
projects.
“It is also worth highlighting
that this is the first solar sukuk
to undertake a transparent
price discovery process via a
book building mode of issu-
ance which ultimately allows
the project to achieve an opti-
mal cost of funding and efficient
distribution to a wide range of
investor base,” she added.
Edra Solar, the owner and
operator of a 50MW solar pow-
er plant in Kedah, is a subsid-
iary of China General Nuclear
Power Corp.
“As part of Edra Group’s
corporate social responsibil-
ity commitment towards the
social and economic develop-
ment of the communities where
the group operates, Edra
Solar allocated to the
local community 40
acres (more than
15% of the plant)
of the buffer zone
surrounding the
plant for farm-
ing of pineapple
and other crops,"
said OCBC Al-
Amin.
The agri-
culture pro-
ject will be
managed by
Pertubuhan Peladang Kuala
Ketil together with local farm-
ers in terms of capital, risks and
rewards. Edra Solar will not be
deriving any economic benefit
from this agriculture project.
OCBC Al-Amin said combin-
ing the plant’s design to con-
form to Malaysia’s renewable
energy commitments and the
social benefits of the agricul-
ture project, the project is an-
ticipated to create both positive
environmental and social effects
that are also consistent with the
United Nations Sustainable De-
velopment Goals.
OCBC Al-Amin, joined by
Standard Chartered Saadiq Bhd
as lead manager/joint bookrun-
ners, announced the launch of
the sukuk on Sept 10, following
which a series of meetings was
arranged with sukuk investors.
“Investors’ feedback was
positive and they were very keen
from the outset to invest in the
first project financing sukuk for
a completed solar plant and in
an AA2-rated solar power plant
sukuk — the first in the catego-
ry,” it said.
OCBC Al-Amin added that
the book building for all eight
tranches of the sukuk, with
tenors ranging between one
and 18 years, commenced on
Sept 30.
“Demand from high quality
investors ranging from insurance
companies, asset management
companies and high net worth
investors (representing their
maiden investment into
the sector) was over-
whelming, with a bid-
to-cover ratio of more
than 11 times. Interest
from investors allowed
the sukuk to tighten
overall yields and yet
maintain a final bid to
cover ratio of more
than 11 times at
the close of
business
d ay ,” i t
noted.
8 HOME BUSINESS
TDM denies
allegations of open
burning in Indonesia
Cause of fire yet to be ascertained by the authorities
KUALA LUMPUR: TDM Bhd has
denied that a company linked to
it is involved in any open burning
in Indonesia.
The denial follows a report by
The Edge Financial Daily yesterday
that the Indonesian government is
investigating fires at concessions
belonging to six Malaysian plant-
ers in the country.
The report quoted a statement
by the ministry of environment and
forestry dated Sept 25 as saying that
the companies included Ahmad
Zaki Resources Bhd’s PT Ichtiar
Gusti Pudi, and Kuala Lumpur Ke-
pong Bhd-linked PT Menteng Jaya
Sawit Perdana and PT Adei Plan-
tation and Industry.
PT Sime Indo Agro, linked to
Sime Darby Plantation Bhd, togther
with TDM Bhd’s PT Rafi Kamajaya
Abadi, and Silver Investments Ltd’s
PT Kebun Ganda Prima were also
on the list.
“Legal proceedings are being
conducted against 55 concession
holder companies and one indi-
vidual,” the daily wrote.
Of the six Malaysia-linked com-
panies mentioned in the statement,
TDM’s Rafi Kamajaya Abadi had the
largest affected area, with 600ha
identified in West Kalimantan.
In its filing with Bursa Malaysia
yesterday, TDM said it practises the
Roundtable on Sustainable Palm
Oil principles and is strictly gov-
erned by the “No Burning” policy.
August export growth expected to be
sluggish amid subdued global trade
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Malaysia’s export
and import growth performance is
expected to remain sluggish at 0.1%
and 6.4% respectively in August, in
the face of subdued global trade and
industrial performance, said RAM
Rating Services Bhd.
This will translate to a narrower
overall trade surplus of RM6.5 bil-
lion, it said in a statement yesterday.
Meanwhile, it said the Regional
Comprehensive Economic Part-
nership (RCEP) — a regional trade
agreement which Malaysia is a part
of — is slated to conclude negotia-
tions by year end.
“Malaysia already has existing
trade agreements with participat-
ing RCEP members in one form or
another. As such, the main incentive
of being part of this trade pact lies in
Smoke covering trees during fires next to a palm oil plantation in Kapuas regency
near Palangka Raya, Central Kalimantan, Indonesia on Monday. The Indonesian
government is investigating fires at concessions belonging to six Malaysian planters
in the country. Photo by Reuters
It said there shall be no use of
fire in the preparation of new plant-
ing, replanting or any other devel-
opments.
“Since 2016, there is neither new
development nor land clearing ac-
tivities being carried out within our
area of operation,” it said.
TDM added that since the be-
ginning of the dry weather in early
August, PT Rafi Kamajaya Abadi had
accounted a few fire incidents within
its operating area and the matter had
been reported to local authorities
including the police department.
It said the affected areas are ac-
cessible by the surrounding villag-
ers and the prolonged dry spell
makes it vulnerable to be exposed
the potential to de-tangle the “spa-
ghetti bowl” effect of these existing
overlapping free trade agreements,
by standardising rules and proce-
dures among its members. With a
more uniform set of rules for this
trade deal, trade flows can be further
enhanced beyond any tariff tweaks
that may be introduced,” said RAM’s
head of research Kristina Fong.
And given that Malaysia has ex-
isting trade agreements with RCEP
member nations, concerns about
threats to domestic firms’ compet-
itiveness due to potentially lower
import tariffs under this new trade
agreement should be alleviated,
RAM said, as under the present
agreements, Malaysia’s import tar-
iffs are already at or near zero, thus
limiting significant import-substi-
tution effects.
Among the RCEP members, RAM
to such fire incidents.
TDM said TP Rafi Kamajaya Aba-
di has lodged police reports on the
fire incidents and full cooperation
has been given to the authorities to
accommodate the investigation.
“As at today, the cause of fire
has yet to be ascertained and is
still under investigation by the In-
donesian authority.
“As per the earlier announce-
ment, we have reported that the
fire has been extinguished.
“We will continue to work close-
ly with the local authorities, fire
department and the villagers on
joint operations for fire preven-
tion and fire-fighting purposes,"
TDM added.
said Malaysia’s trade patterns with
India hold the greatest potential
for change.
This is because Malaysia’s average
tariffs on India (under the Malay-
sia-India Comprehensive Econom-
ic Cooperation Agreement) are the
highest relative to those imposed
on other RCEP members (under
their respective trade agreements).
“In particular, the stone and
glass, and metal industries are more
likely to face heightened competi-
tion given the comparatively high
tariff currently imposed, together
with India’s significant revealed
comparative advantage measures
for these sectors. That said, the
extent of any import substitution
will still boil down to the cost ef-
fectiveness of this switch and the
finalised tariff structure under the
RCEP,” it added.
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Mavcom issues 31 air traffic rights
in 3Q, with AirAsia getting the most
BY C H E S T E R TAY
KUALA LUMPUR: The Malaysian
Aviation Commission (Mavcom)
said it approved all 31 applica-
tions it received for air traffic rights
(ATR) in the third quarter (3Q) of
this year, and that AirAsia Group
received the highest number of
approvals, at 16.
Second in the list is Malindo Air
with eight approvals, and Malaysia
Airlines Bhd with five, according
to Mavcom in a statement on its
3Q ATR update yesterday, which
details the commission’s ATR allo-
cations for the local civil aviation
sector from July 1 to Sept 30.
Of the ATR applications ap-
proved, 12 or 38.7% were for do-
mestic routes, with the remain-
der 19 representing 61.3% being
international ones — of which 10
were for Asean destinations, five
for China destinations, and three
for other Asian destinations and
Australia, and one for a destina-
tion in India.
In terms of flight origination,
14 of the total approved were for
flights originating from the Kua-
Hearing for Semantan Estates land
dispute with govt postponed to Dec 11
BY E M IR Z A IN UL
KUALA LUMPUR: The hearing
for the civil suit by Semantan Es-
tates (1952) Sdn Bhd against the
Malaysian government over a dis-
pute involving land in Jalan Duta
(now Jalan Tuanku Abdul Halim)
has been postponed to Dec 11.
High Court Judge Datuk Nor-
din Hassan yesterday allowed the
application by the respondent to
postpone the hearing date in or-
der to bide for a Court of Appeal
decision.
Semantan Estates had previ-
ously appealed against the High
Court’s decision to allow Kenari
Maluri Sdn Bhd, a company claim-
ing to represent the majority of
Semantan Estate’s shareholders,
to intervene in the judicial review.
Hence, the hearing for the case
has been postponed pending the
Court of Appeal’s decision on the
matter.
Kenari Maluri had sought to
intervene in the judicial dispute
because it wants to provide a win-
win solution to the pre-Merde-
ka dispute over the large tract of
prime land.
It has also claimed it is friendly
to both the plaintiff and defend-
ants, namely the government and
six other defendants.
Filed in February 2017 by Se-
AirAsia Group
received 16
approvals in
3Q. The Edge
file photo
la Lumpur International Airport,
three from the Kota Kinabalu In-
ternational Airport, and 14 from
other Malaysian airports.
The quarter also saw 19 ATR
approved in previous quarters,
which were not used by the re-
spective airlines, being returned
to Mavcom.
“The highest number of unused
ATR was from AirAsia Group with
eight, and Malindo Air with seven.
An additional four applications
were also voluntarily withdrawn
by the airlines in that period,”
Mavcom said.
The latest 3Q approvals bring
the total ATR Mavcom approved
for the year-to-date period to 135
— which is 100% of the applica-
tions it received during that peri-
od, meaning no application was
turned away — and AirAsia Group
is also the recipient of the most
number of approvals, with 64 ATR.
Of the lot, 48 were ATR for do-
mestic destinations, 45 for Asean
destinations, and 21 for destina-
tions in China, with the remaining
21 for other Asian destinations and
Australia, Mavcom said.
mantan Estates against the Fed-
eral Territory registrar of titles, the
civil suit sought for the plaintiff
to be registered as the proprietor
of the land free of encumbrances
and liabilities.
Semantan Estates named the
Malaysian government, Federal
Lands Commissioner, minister
charged with the responsibility
for land in the federal territory,
natural resources and environ-
ment minister, director-gener-
al of the Lands and Mines De-
partment, director of Lands and
Mines (Federal Territory) and
federal territory registrar of titles
as respondents.
The land, covering 106.7ha, has
been the subject of a long legal
battle since 1960 when Semantan
Estates disputed the RM1.32 mil-
lion compensation awarded by the
Federal government to take over
ownership of the land.
For the current case, the com-
pany filed a judicial review on the
grounds that the government and
other respondents had failed, ne-
glected, omitted and refused to
comply with a 2009 court order
that has granted Semantan Estates
to retain beneficial interests in
the land, which the government
had taken unlawful possession
of, meaning it had trespassed on
the said land.
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
MEGA FIRST CORP BHD (+ve)
TRADING of shares in Mega First Corp Bhd
(fundamental: 1.05/3, valuation: 0.8/3) trig-
gered our momentum algorithm yesterday
for the fourth time this year.
The counter closed two sen or 0.48%
higher at RM4.18 yesterday, with a market
capitalisation of RM1.78 billion. It saw 2.53
million shares traded, exceeding its 200-day
average trading volume of 254,157.5 shares.
For the second quarter ended June 30, 2019
(2QFY19), the group saw its net profit decline
21.9% to RM22.21 million, from RM28.44 mil-
MEGA FIRST CORP BHD
MMAG HOLDINGS BHD (-ve)
TRADING of shares in MMAG Holdings
Bhd (fundamental: 1.25/3, valuation: 0/3)
triggered our momentum algorithm yes-
terday for the fourth time this year.
The counter closed 2.5 sen or 7.46%
higher at 36 sen yesterday, with a mar-
ket capitalisation of RM256.04 million. It
saw 6.42 million shares traded, exceed-
ing its 200-day average trading volume of
233,413.5 shares.
For the first financial quarter ended June
30, 2019, the group widened its net loss to
MMAG HOLDINGS BHD
PROLEXUS BHD (-ve)
TRADING of shares in Prolexus Bhd (funda-
mental: 1.15/3, valuation: 1.4/3) triggered our
momentum algorithm yesterday for the third
time this year and the second time this month.
The counter closed one sen or 1.23% high-
er at 82 sen yesterday, valuing it at RM148.38
million. It saw 2.13 million shares traded,
versus its 200-day average trading volume
of 170,572 shares.
For the fourth financial quarter ended
July 31, 2019, the group’s net profit surged
PROLEXUS BHD
ST O C KS W I T H M O M E N T U M 9
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Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
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Our shareholders, directors and employees may have positions in any of the stocks mentioned.
P R O P E RT Y
lion a year ago. Quarterly revenue also dipped
27.4% year-on-year (y-o-y) to RM159.05 mil-
lion. The group attributed the lower revenue
to a lower recognition from its construction
segment, while its net profit was also weighed
down by the absence of the RM1.4 million dis-
posal gain on property, plant and equipment
in 2QFY18 and a lower foreign exchange gain.
For the cumulative six months ended June 30,
2019, net profit declined 6.79% to RM55.87 mil-
lion, from RM59.94 million a year ago. Half-year
revenue fell 12.26% y-o-y to RM380.89 million.
Valuation score* 0.80
Fundamental score** 1.05
TTM P/E (x) 13.46
TTM PEG (x) 4.44
P/NAV (x) 1.20
TTM Dividend yield (%) 0.47
Market capitalisation (mil) 1,685.05
Shares outstanding (ex-treasury) mil 405.06
Beta 0.67
12-month price range 3.01-4.19 Airbnb was valued at US$31 billion in its most recent private fundraising round, according to data
provider PitchBook. Photo by Reuters
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
Morgan Stanley, Goldman
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
RM5.92 million, from RM3.66 million a
Sachs poised to lead
year ago. Quarterly revenue, however, grew
to RM34.39 million from RM8.19 million.
It attributed the higher quarterly revenue
Airbnb’s listing — sources
to its mobile and fulfilment division, which
generated higher revenue from its mobile BY J O S HUA FRANK LI N & A N IR B A N S E N market at a price that values Airbnb
devices distribution business. The wider at around US$46 billion, sources said,
net loss was blamed on higher operation- NEW YORK/BENGALURU: Short-term cautioning that such thin trading vol-
al expenses incurred for the expansion of home rental company Airbnb Inc is set umes can inflate the price.
new branches, the purchase of additional to hire Morgan Stanley and Goldman By comparison, Hilton Worldwide
new vehicles and new hires in its courier Sachs Group Inc as joint lead advisers Holdings Inc and Marriott Internation-
and logistics services segment’s expansion. on its planned stock market flotation al Inc have market capitalisations of
next year, people familiar with the mat- around US$26 billion and US$40 bil-
Valuation score* 0.00 ter said on Wednesday. lion, respectively.
Fundamental score** 1.25 The appointments would represent With a direct listing, Airbnb would
TTM P/E (x) - another high-profile assignment for the follow the route taken by music stream-
TTM PEG (x) - storied investment banks, albeit po- ing company Spotify Technology SA
P/NAV (x) 2.03
tentially less lucrative than usual. This and workplace messaging firm Slack
is because Airbnb is leaning towards Technologies Inc in 2018 and 2019, re-
TTM Dividend yield (%) -
going public through a direct listing, spectively. Shares in Spotify and Slack
Market capitalisation (mil) 238.26 rather than an initial public off ering have traded down around 23% and 39%,
Shares outstanding (ex-treasury) mil 711.22 (IPO), sources have said. respectively, since going public.
Beta 0.93 In an IPO, shares are sold by the Morgan Stanley, Goldman Sachs, and
12-month price range 0.21-0.34 company or its investors in a process Allen & Co were the three investment
*Valuation score - Composite measure of historical return & valuation
managed by the investment banks as banks that advised on both the Spotify
**Fundamental score - Composite measure of balance sheet strength underwriters. In a direct listing, how- and Slack listings.
& profitability ever, no new shares are sold, and the Slack expected to pay US$22.1 million
Note: A score of 3.0 is the best to have and 0.0 is the worst to have role of the investment banks is more in fees to its three financial advisers. By
of one advising on market conditions, comparison, the more than two doz-
as opposed to underwriting. en banks on the 2017 IPO of Snap Inc,
As a result, companies can save on
the investment banking fees they pay
which was worth about US$31 billion at
the time of its public listing, earned a
to RM7.22 million from RM794,000 a year through a direct listing. total of US$85 million in commissions.
ago. Quarterly revenue grew 36.1% year-on- Airbnb is considering going public An Airbnb listing next year would fol-
year (y-o-y) to RM111.93 million. The group around the middle of 2020, one of the low a mixed 2019 for tech listings, with
attributed the higher quarterly earnings to sources said, a timeline that would help the likes of Uber Technologies Inc and
higher capacity utilisation in the apparel it avoid any stock market volatility in the Lyft Inc struggling since going public.
division, which improved its profit margin. run-up to the US presidential election Earlier this week, WeWork’s parent, The
However, net profit for the full financial year in November of next year. We Company, also fi led to withdraw
2019 (FY19) declined 24.85% y-o-y to RM6.01 The sources requested anonymity its IPO after investors raised concerns
million from RM8 million in FY18, despite rev- to speak about the deal and cautioned about its burgeoning losses and the tight
enue rising 20.3% to RM364.01 million from that the plans are still subject to change. grip of its co-founder on its governance.
RM302.69 million in the previous year. Airbnb, Morgan Stanley, and Goldman Airbnb took in more than US$1 bil-
Sachs declined to comment. lion in revenue for the second quarter
Valuation score* 1.40 Airbnb said last month it planned of 2019, the second time it exceeded
Fundamental score** 1.15 to become a publicly listed company that level in its decade-plus history,
TTM P/E (x) 23.94 in 2020, marking it out as one of the the company said last month. It gave
TTM PEG (x) (0.96) biggest names to pursue a stock market no details on profitability.
P/NAV (x) 0.63
float next year. Last month, Airbnb said that as of
Airbnb was valued at US$31 billion Sept 15, its hosts had earned more than
TTM Dividend yield (%) 0.62
(RM129.89 billion) in its most recent US$80 billion by sharing their homes
Market capitalisation (mil) 144.03 private fundraising round, according to and spaces on the app, and as of June
Shares outstanding (ex-treasury) mil 177.82 data provider PitchBook. The company 1, it had collected over US$1.6 billion
Beta 0.60 sold shares in the private market earlier in transient occupancy taxes.
12-month price range 0.43-0.81 this year at a valuation of roughly US$35 It also said it passed a milestone of
*Valuation score - Composite measure of historical return & valuation
billion around the time it purchased having more than seven million Airbnb
**Fundamental score - Composite measure of balance sheet strength HotelTonight, Vox reported. listings in over 100,000 cities around the
& profitability Shares are trading in the private world. — Reuters
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
10 H O M E
Bersatu and the
Malay Dignity Congress
Organisers are saying that the congress is a ‘response to challenges against Malays’
BY M O H SI N A B D U L L A H
KUALA LUMPUR: It is said that
non-Malays are asking if Sunday’s
Malay Dignity Congress is a regres-
sive step in the multiracial, multire-
ligious Malaysia. There are concerns
about and even fear of the further
strengthening of the so-called “Ket-
uanan Melayu” (Malay supremacy)
narrative.
But the organisers are saying that
the congress is a “response to chal-
lenges against Malays”. Professor Da-
tuk Dr Zainal Kling, who heads the
event’s secretariat, reportedly said
there are many questions which not
only belittle Malays but also ques-
tion the Malays’ bumiputera rights,
the position of the royalty as well as
question Islam and cultural issues
such as the national language.
“This is why we are organising the
congress. Because all the questions
have challenged Malay dignity so
much so that they (Malays) do not
only feel challenged but also played
out, belittled and underestimated,”
said Zainal at a press conference in
Kuala Lumpur.
However, according to Malaysi-
akini, Zainal did not say who was
doing the questioning. When con-
tacted later, Zainal said he was re-
ferring to “certain non-Malays”, the
news portal reported.
But he insisted that the pro-
PM launches policy ensuring security of people
KUALA LUMPUR: Tun Dr Mahathir
Mohamad yesterday launched a pol-
icy aimed at making people feel safe
in the country.
The prime minister said the Secu-
rity and Public Order Policy (DKKA)
will also ensure that Malaysia remains
a sovereign, peaceful, prosperous and
respected nation in the world arena
while keeping the people united and
safeguarding national interests.
He said that although Malaysia
can take pride in being the 16th out
of 163 countries in the Global Peace
Index 2019, what is more important
is the reduction in criminal cases in
the country so that the people can
feel safe.
“This policy is designed to be a
guide and reference to address var-
ious challenging issues in the secu-
rity and public order sector,” he said
when launching the policy.
Dr Mahathir said DKKA is very
important as the country is facing
complex security threats which are
difficult to handle through conven-
tional methods.
“The government has the re-
sponsibility to guarantee the se-
curity of the country and people.
A safe and peaceful country will
contribute to the prosperity and
gramme’s goal is unity, to ensure
people of different races can live
together as Malaysians. Ultimately
Malaysia should be defined by the
Federal Constitution, he said.
The congress is organised by
Pusat Kecemerlangan Melayu,
Akademi Pengajian Melayu, Uni-
versiti Malaya in collaboration with
Universiti Teknologi Malaysia, Uni-
versiti Putra Malaysia and the Sultan
Idris Education University. Based
on this, it can be seen as an event
put together by academics and ac-
cording to Zainal, issues will be ad-
dressed in “an intellectual manner,
not emotionally”.
However, it is widely speculated
that Parti Pribumi Bersatu Malaysia
is somehow involved in organising
the event, adding a political twist to
it. Former federal minister Datuk
Zaid Ibrahim feels “it is probably a
Bersatu-initiated move to counter
the recent Umno–PAS collaboration”.
Political analyst Professor Dr Ah-
mad Fauzi Abdul Hamid concurs.
“Despite the public announcement
that four universities are the or-
ganisers, Bersatu elements, if not
the party itself, are its anchor — for
example, ex-cabinet minister Datuk
Hamzah Zainuddin”.
Adding to the Bersatu involve-
ment narrative is the fact that party
chairman Tun Dr Mahathir Moham-
ad has been invited to launch the
well-being of the people,” he said.
The prime minister said the world
is now facing various complex secu-
rity challenges. “These threats give a
major challenge to any government
in the world to ensure the security
of the nation and people is assured,”
he said.
Dr Mahathir said security and
public order encompass all aspects,
from upholding the constitution and
institutions of religion, race and coun-
try; strengthening border security;
ensuring security and public order;
combating drug threat and safe-
guarding the country’s assets and
installations.
He said it is hoped that the policy
will resolve the issue of overlapping
policies and help streamline them.
He also said that the economy
needs a stable and peaceful envi-
ronment to grow and this growth
will be made difficult if the country
is in turmoil.
He said the government drafted a
Shared Prosperity Vision and it would
be the foundation of development
under the 12th Malaysia Plan so it is
important for all policies to be for-
mulated including security policy
in line with the primary aspirations
of the country. — Bernama
congress, and he has agreed to do so.
But the organisers said Dr Ma-
hathir is attending in his capacity
as a Malay leader and not as prime
minister. Bersatu supreme coun-
cil member Dr Muhammad Faiz
Na’aman said Dr Mahathir intends
to deliver “a final message in the
face of hypocrites sowing slander
and provocation that threatens to
undermine national unity”.
Nonetheless, as Zaid sees it, Dr
Mahathir should not launch the
event as there would be speculation
that it is his brainchild and “this is
not good for the prime minister”.
Ahmad Fauzi puts one specu-
lation like this: “Influenced by the
impression that the Umno-PAS alli-
ance has caught the imagination of
the Malays, Dr Mahathir is striving
to gain the upper hand in the battle
of perceptions.”
He went on to say: “Malays, after
all, form the majority of the elector-
ate. Long-term legitimacy of a prime
minister will very much depend on
his ability to acquire the backing of
the Malays.”
Interestingly, PAS president Datuk
Seri Abdul Hadi Awang will attend
the congress. Earlier reports had it
that Umno was not invited but a cou-
ple of days ago, Zainal was quoted
as saying that Umno members may
attend “but as for the Umno leader-
ship, we can’t confirm yet”.
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
This brings me back to specu-
lations which Zaid spoke about in
saying why Dr Mahathir should not
officiate the congress. Zaid said the
final speculation would be: “People
will say Pakatan Harapan which Dr
Mahathir represents has lost it and is
desperately clutching at racial issues.”
I do not know about Pakatan but
Bersatu will surely be accused of do-
ing just that. The “strengthening of
Ketuanan Melayu” perhaps?
Equally interesting, PKR presi-
dent Datuk Seri Anwar Ibrahim will
not be attending the congress. It is
reported that Anwar did not get an
invitation, whatever the reasons.
In Ahmad Fauzi’s view: “Again
the suspicion of Tun [Dr] Mahathir’s
mistrust of Anwar Ibrahim arises. If
not why is Anwar not invited or given
the same honour accorded to [Ab-
dul] Hadi to address the congress?
Is Anwar not Malay enough?
“He is the PM in waiting — or
are the Bersatu elements sending
signals that [Dr] Mahathir is about
to outfox Anwar yet again?” says
Ahmad Fauzi.
To Zaid, if Anwar is not to be
prime minister then “for God’s sake
say it as dignity requires us to speak
sincerely and not hide subterfuge”.
Come Sunday, when the con-
gress convenes, more questions will
surface. And will continue for days
after that.
IN BRIEF
Dr Mahathir: Difficult to
set date for leadership
transition
PUTRAJAYA: Prime Minister Tun
Dr Mahathir Mohamad said it
was difficult to set a date for the
country’s leadership transition.
“We have to study the situation.
In figures, specific date ... if work
is half done, or not done, it will be
difficult,” he said, when asked if
there is a fixed date for the lead-
ership change so that the people
do not have to worry too much
about it. During a dialogue or-
ganised by the Council on For-
eign Relations, a think tank in
New York, last week, Dr Mahathir
was reported as saying that he
would step down as prime min-
ister before the 15th general elec-
tion. — Bernama
Mahfuz: Avoid playing
up racial issues in
Tanjung Piai by-election
POKOK SENA: Everyone should
avoid playing up racial issues
during the Tanjung Piai par-
liamentary seat by-election in
November in order to preserve
racial harmony in the coun-
try, said Parti Amanah Negara
vice-president Datuk Mahfuz
Omar yesterday. He said politics
that was based on racism could
disrupt national unity that has
been building all this while. “To
me, there’s no problem if there
are people siding with the op-
position [in the by-election] as
the current government is still
ruling the country.” — Bernama
Muhyiddin to chair
Pakatan meeting on
Tanjung Piai by-election
PUTRAJAYA: Pakatan Harapan
will convene a meeting in Muar,
Johor, today to discuss prepara-
tions for the Tanjung Piai parlia-
mentary by-election to be held
next month. Parti Pribumi Ber-
satu Malaysia president Tan Sri
Muhyiddin Yassin said he would
chair the meeting which would
involve Pakatan election ma-
chinery from all levels. “We have
also looked at many candidates,
but there is still time, it (candi-
date list) will be fine-tuned in
the best possible way so that the
candidate that we select will be
accepted by voters in the constit-
uency,” he told a media confer-
ence here yesterday. — Bernama
‘Combating illegals the
priority despite negative
comments against PSS‘
KOTA KINABALU: Negative
comments at the issuance of
the Sabah Temporary Pass (PSS)
from June 1, 2020 will not affect
the focus of the state govern-
ment in overcoming the prob-
lem of illegal immigrants in the
state. Chief Minister Datuk Seri
Mohd Shafie Apdal said at least
the present government tried to
settle the problem compared
with the previous government
which only talked about it. “The
previous government had no
effort to solve the problem by
ensuring that the illegals, who
were registered or otherwise,
could be well managed,” he told
reporters at his office here yes-
terday. — Bernama
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
AEON Credit tie-up seen
boosting Takaful’s sales
Syarikat Takaful Malaysia
Keluarga Bhd
(Oct 3, RM6)
Maintain hold with an unchanged
target price (TP) of RM6.30: We
met the management last week to
obtain some operational updates.
Overall, the outlook for Syarikat
Takaful Malaysia Keluarga Bhd
(STMB) remains mixed, in our
opinion.
To our positive surprise, STMB
has secured AEON Credit Service
(M) Bhd as another preferred
bancatakaful partner in August,
bringing the total tie-up under this
model to seven. Similar to the ar-
rangement made with Bank Rakyat
last year, this is expected to boost its
credit-related product sales (riding
mainly on Islamic personal financ-
ing) in the family segment. Based
on the management’s broad-level
guidance, we estimate that AEON
Credit could potentially add an
additional RM15 million to RM20
million per quarter to the gross
earned contribution (immaterial
at less than 5% of top line).
The preferred partnership with
Mynews’ ROE
expected to improve
on asset turnover
Mynews Holdings Bhd
(Oct 3, RM1.35)
Maintain outperform with an
unchanged target price (TP) of
RM1.55: Mynews Holdings Bhd’s
food production centre (FPC)
has been operating for four full
months since the launch of ready-
to-eat (RTE) commercial sales in
June. Based on our back-of-the
envelope calculation, we estimate
a start-up operating loss at around
RM1.5 million for its third quarter
of financial year 2019 (3QFY19)
results operating at 33% capacity.
The management is re-strategis-
ing RTE sales to reduce wastage
and raise sales volume.
Note that monthly RTE sales
were steady at RM3 million with
wastage having been reduced
from 40% initially to 20% cur-
rently, and we expect to see a
gradual improvement in its op-
erating efficiencies in the up-
coming quarters. If the FPC is
able to reach its break-even level
at about 75% capacity (with the
timeline undisclosed), it could
potentially account for close to
RM80 million annually in sales
with better asset turnover. On
the other hand, during a 3QFY19
analysts’ briefing, the manage-
ment disclosed that the one-off
high effective tax rate in 3QFY19
(at 30.7% compared with 20.7%
B R O K E R S’ C A L L 11
Syarikat Takaful Malaysia Keluarga Bhd peer comparison We leave our forecasts unchanged
as: i) the new income stream from
STOCK MKT CAP PRICE TARGET RATING FYE P/E P/B ROE YIELD AEON Credit is not expected to be
(RM MIL) (RM) (RM) (X) (X) (%) (%)
FY19 FY20 FY19 FY20 FY20 FY20
material; ii) tie-up renewal with RHB
Islamic was already taken into ac-
Allianz Malaysia 2,445 13.82 - N.Rated Dec 8.5 8.0 1.4 1.3 11.5 3.3
count; and iii) we did not factor in
LPI Capital 6,239 15.66 - N.Rated Dec 18.1 17.1 2.9 2.8 15.2 4.7 further management expense ratio
Tune Protect 440 0.59 - N.Rated Dec 7.0 6.6 0.8 0.8 11.2 6.7 improvement. We retain “hold” and
STMB 4,878 5.90 6.30 Hold Dec 13.7 12.8 4.1 3.5 29.3 3.3 our TP of RM6.30, based on 3.69 times
Simple average 11.8 11.1 2.3 2.1 16.8 4.5 FY20 price-to-book ratio with as-
Sources: Hong Leong Investment Bank Research, Bloomberg sumptions of a 29.3% return on eq-
uity (ROE), 10.1% cost of equity and
3% long-term-growth. This is above
RHB Islamic Bank is due for expi- their small agency force is not a threat reduce overreliance on single premi- its five-year mean of 3.59 times and
ration next year and we gathered as the family takaful business demands um credit-related products (which the sector’s 2.29 times. The premi-
that STMB is still negotiating for high interaction with customers in or- accounts for more than 90% of its fam- um is fair, considering: i) it is one of
an extension. We believe there is a der to be successful; and iii) without a ily takaful business), ahead of the im- the leaders in the Islamic insurance
strong possibility of renewal since general takaful licence, it does not have plementation of Malaysian Financial industry; ii) it is the only pure listed
RHB Islamic does not have its own cross-selling opportunities. Reporting Standards 17 in 2022. For takaful operator on Bursa Malaysia;
takaful unit to carry out the busi- Personnel cost is expected to inch starters, STMB will first leverage the and iii) it generates a strong ROE (13
ness. Although FWD Takaful has up faster on the back of more hiring to network of its preferred bancatakaful percentage points over the industry
been pushing hard on market- lift regular premium investment-linked partners to control cost from rising average). — Hong Leong Investment
ing activities recently (in attempt product sales — part of the strategy to too quickly. Bank Research, Oct 2
to steal market share away from
peers), STMB is unperturbed given
that: i) FWD’s digital strategy for its
distribution channel and product
offering has not proven to be able
to take off strongly in other oper-
ating countries like Indonesia; ii)
in 2QFY19, from under provi-
sion of tax last year) was due to
un-claimable expenses relating
to the FPC and it expects to reg-
ister an average effective tax rate
of about 22% for FY19.
Competitively priced and fresh
(with a shelf life that ranges from
one day to three) food offerings of
a wide range that fit the local palate
are the main reasons why we think
Mynews’ venture into convenient
RTE food stands a good chance
of succeeding. This new product
range and revamping stores to in-
crease sales are keys to raising asset
turnover and hence we are likely
to see improvements in return on
equity (ROE) going forward.
We maintain “outperform” with
an unchanged TP of RM1.55 based
on 27 times estimated FY20 earn-
ings per share, at -1 standard de-
viation of its three-year historical
mean price-earnings ratio (PER),
also in line with its regional peers’
average PER. We like Mynews for
its: i) double-digit earnings growth
(about 20% versus 7-Eleven Ma-
laysia Holdings Bhd’s [SEM] of
about 7%); and ii) above-industry
earnings margin (about 7% versus
SEM’s of about 2%). Key risks to our
call include lower–than-expected
sales and higher than-expected
operating expenses. — Kenanga
Research, Oct 3
12 B R O K E R S’ C A L L
Stable demand seen
for Kerjaya Prospek’s
property building jobs
Kerjaya Prospek Group Bhd
(Oct 3, RM1.29)
Maintain buy with a target price
(TP) of RM1.64: Kerjaya Prospek
Group Bhd has secured a contract
from Bintang Holdings Sdn Bhd,
a member of the Low Yat Group,
worth RM23 million to undertake
construction of a basement and
earthworks for a proposed 23-storey
hotel in George Town, Penang. The
project is expected to be completed
within 15 months.
With the latest contract, Kerjaya
Prospek has surpassed its internal
replenishment target for financial
year 2019 (FY19). Year-to-date, it
has secured new job wins worth
RM1.3 billion versus its internal
target of RM1.2 billion. We main-
tain our job replenishment target of
RM1.5 billion this year, largely driv-
en by building works in the Klang
Valley. Kerjaya Prospek is eyeing to
secure at least one work contract,
which includes the construction
of a mixed development project
Telekom’s ‘Pay Nothing’ promotion
reflects tighter competition
Telekom Malaysia Bhd
(Oct 3, RM3.48)
Maintain reduce with an un-
changed target price of RM3.70:
Telekom Malaysia Bhd (TM)
launched its “Pay Nothing” promo-
tion on Tuesday, whereby new and
existing unifi broadband subscribers
who sign up will enjoy monthly fee
waivers upon activation until Dec 31
(up to three months). This is appli-
cable across TM’s unifi 30-300Mbps
(RM89 to RM199 per month), Home
Fibre plans (except unifi Basic [RM79
per month for 30Mbps and a 60Gb
quota], Lite [RM69 per month for
8Mbps] and Air [RM79 per month
for 20Mbps]), as well as all of its
business plans. The latter also saw
eight to 10 times speed upgrades to
100/300/800Mbps, with the price
of the base plan (100Mbps) cut by
22% to RM139 per month.
While TM has run promotions
towards year end in the past to drive
subscriber acquisition, we think its
current offer is quite aggressive as
the up-to-three-month fee waiver
(equivalent to a 12.5% discount over
Comparison of new unifi business plans versus Maxis’ comparable plans
PLAN
Monthly fee (RM)
Download speed (Mbps)*
Voice
Benefits
*After free turbo upgrade for unifi plans
Sources: CGS-CIMB Research, unifi, Maxis
worth about RM800 million, a bridge
worth RM200 million, and high-rise
residential blocks in Kuala Lumpur
for RM300 million. Separately, we
understand the property building
jobs secured by Kerjaya Prospek are
expected to see stable demand due
to their strategic locations and close
proximity to amenities. Meanwhile,
we expect several high-rise residen-
tial projects to be rolled out in the
near term as developers continue to
monetise their strategic land banks.
Presently, Kerjaya Prospek’s tender
book stands at RM1.5 billion, com-
prising mainly high-rise residential
buildings.
The latest project is expected to
contribute RM2.3 million profit for
FY19 and FY20. Assuming a 10%
net margin, we estimate the pro-
ject would contribute RM700,000
and RM1.6 million in net profit for
FY19 and FY20 respectively.
The new job lifts the group’s out-
standing order book to about RM3.4
billion, implying an order book cov-
a two-year contract) is more than the
one month normally given to new
subscribers, and the promotion is
applicable to existing subscribers
under contracts if they sign on and
renew their two-year contracts. This
may suggest that TM is trying to re-
vive unifi subscriber growth (after
a soft first half of 2019) and lock
in existing subscribers, in the face
of more intense competition. Our
checks with TM’s customer service
reveal that existing subscribers can
downgrade to other unifi plans and
still enjoy this promotion. Hence, we
believe this offer is not intended to
prevent downgrading.
TM’s new unifi business broad-
band plan revisions bring it in
line with Maxis Bhd in terms of
100/800Mbps plans but the for-
mer’s 300/500Mbps plans are still
25%/11% more expensive. This
comes about a year after the launch
by Maxis. Although small and me-
dium enterprises are less likely to
downgrade versus retail customers,
the speed upgrades, 100Mbps price
cut and the up-to-three-month fee
TM’S UNIFI
BIZ LITE BIZ ADVANCE BIZ PRO 100MBPS
139 249 349
100 300 800
RM30 local & Free fixed-to-
national calls fixed line calls
Free DECT telephone Free two mesh Wi-Fi units & Internet security
er of 3.1 times its FY18 construc-
tion revenue. Key jobs include con-
tracts from HCK Capital Group Bhd
(RM435 million), Kerjaya Prospek
Property Sdn Bhd (RM439 million)
and Vertu Resort, Penang (RM300
million).
There is no change to our FY19
to FY21 earnings forecasts as we as-
sume a RM1.5 billion annual order
book replenishment in FY19, and
RM1.3 billion annually in FY20 to
FY21. Our TP of RM1.64 is based on
14 times FY20 forecast price-earn-
ings (PE). We opine the higher-than-
peers PE is justified due to Kerjaya
Prospek’s zero reliance on govern-
ment-related projects and its ability
to clinch building jobs (driven by the
private sector) despite uncertainties
in the construction space. We like
Kerjaya Prospek for: i) its superior
margins; ii) its high order book cov-
er; iii) net cash of RM191 million as
at March 2019; and iv) its ability to
clinch new contracts, given its strong
track record. — UOB Kay Hian, Oct 3
waiver promotion could still exert
some downward pressure on the
unifi business’ average revenue per
user (Arpu) in the coming quarters.
We await the release of more data
points in its upcoming third quarter
of financial year 2019 (3QFY19) re-
sults. We currently assume overall
unifi Arpu declines by about 21%
from RM191 for FY18 to RM150
for FY23. Assuming Arpu drops by
15%/25% over the same period, our
FY19 to FY21 core earnings per share
forecasts would be raised or reduced
by 1% to 7% and our discounted cash
flow-based fair value would be 15%
higher or 12% lower at RM4.25 and
RM3.25 respectively. TM currently
trades at a forecast FY20 (FY20F)
enterprise value/operating free cash
flow of 8.6 times, which is at a 40%
discount to the Asean telecommu-
nications average, and offers FY19F
to FY21F dividend yields of 4.2% to
4.5%. Key upside/downside risks
are unifi mobile turning profitable
sooner than expected and keener
broadband price competition. —
CGS-CIMB Research, Oct 2
MAXIS ONEBUSINESS FIBRE
300MBPS 500MBPS 800MBPS
139 199 269 349
100 300 500 800
1 unlimited IP voice line
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
M Oscar is expected to be well received given its affordable pricing and
strategic location.
Mah Sing’s long-term outlook
remains positive on strong sales
Mah Sing Group Bhd
(Oct 3, 75.5 sen)
Maintain buy with an unchanged
fair value of RM1.13: We made no
changes to our financial year 2019
(FY19) to FY21 numbers.
We attended the launching of M
Oscar this week at its sales office
at Seri Gembira Avenue, Taman
Gembira in Kuala Lumpur. M Os-
car sits on a 4.63-acre (1.87ha)
freehold land which Mah Sing
Group Bhd acquired in March
2019 for RM78 million. The pro-
ject is located in the vicinity of Old
Klang Road, Sri Petaling, Bukit Jalil
and Salak South, and is within a
10km radius of Kuala Lumpur City
Centre (KLCC), Cheras, Ampang,
Petaling Jaya and Seri Kembangan.
The M Oscar project comprises
910 residential units with a gross
development value of RM500
million. It will be developed
over four to five years. Targeted
at the middle-income segment,
M Oscar’s selling price starts from
RM428,000 per unit for the 700 sq
ft unit with two bedrooms and
two parking bays, while the 1,200
sq ft four-bedroom unit with four
parking bays costs RM800,000 and
above.
M Oscar is touted as an under-
stated luxury, with an impressive
grand lobby. Featuring three key
Mah Sing Group Bhd
FYE DEC (RM MIL) 2018
Revenue 2,192.9
* Core net profit 189.5
FD core EPS (sen) 7.8
FD core EPS growth (%) (37.2)
Consensus net profit - 214.4
DPS (sen) 4.5
PE (x) 9.7
EV/Ebitda (x) 3.1
Dividend yield (%) 5.9
ROE (%) 4.0
*after distribution to perpetual sukuk/securities holders
Source: AmInvestment Bank
concepts — Canyons, Stars and
Water — the development takes
pride in a grand double-volume
entrance statement, star-lit po-
dium deck and meandering river
streams respectively.
In addition, the development
comes with a wide array of facili-
ties such as multi-tiered security, a
swimming pool, gymnasium, yoga
deck, private theatre, game room,
garden, jogging park and central-
ised garbage disposal system.
We expect M Oscar to be well
received given its affordable pric-
ing and strategic location as the
New Pantai Expressway and the
Kajang Dispersal Link Express-
way are just 1.1km away, while the
Kesas Highway, the Kuala Lum-
pur-Seremban Highway, the Maju
Expressway and the Smart Tunnel
are all within 4.8km. The proposed
Taman Naga Emas Mass Rapid
Transit (MRT) station will be lo-
cated 800m from M Oscar. Accord-
ing to Mah Sing, the property’s
management will provide private
shuttle service to the MRT station.
We believe the long-term out-
look for Mah Sing remains posi-
tive on strong sales in the past few
quarters. We expect recent acqui-
sitions to be strong sellers on stra-
tegic locations and attractive pric-
ing. — AmInvestment Bank, Oct 3
2019F 2020F 2021F
2,139.6 2,410.4 2,537.8
137.1 166.7 190.4
5.6 6.9 7.8
(27.9) 21.6 14.3
208.7 231.2
3.8 4.3 4.7
13.5 11.1 9.7
2.9 3.7 3.8
5.0 5.6 6.1
2.8 3.4 3.8
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
China will not save the
world economy this time
Beijing played a pivotal role in reviving global growth in 2001 and 2008 but things are very different now
BY DA N I EL MOSS
U
S recession indi-
cators are grow-
ing stronger and
there is one big-
ger-than-usual rea-
son why the world
should be worried: China is not
coming to the rescue this time.
In the past week alone, a gauge
of US manufacturing unexpect-
edly fell to its weakest reading in
a decade and payrolls at private
companies grew less than forecast.
Economists are starting to wonder
whether the US has approached
so-called stall speed, the slowest
pace of growth without careening
into a recession. The International
Monetary Fund, meanwhile, will
likely downgrade global growth
estimates this month.
One of the engines that drove a
global economic recovery after the
last two downdrafts in America —
the relatively shallow one in 2001
and the catastrophe that began in
2007 — was China. As the financial
Preventing digital feudalism
BY
MA R I AN A M A ZZU CATO
THE use and abuse of data by Face-
book and other tech companies are
finally garnering the official atten-
tion they deserve. With personal
data becoming the world’s most
valuable commodity, will users be
the platform economy’s masters or
its slaves?
Prospects for democratising the
platform economy remain dim. Al-
gorithms are developing in ways
that allow companies to profit from
our past, present and future behav-
iour — or what Shoshana Zuboff
of Harvard Business School de-
scribes as our “behavioural surplus”.
In many cases, digital platforms al-
ready know our preferences better
than we do, and can nudge us to
behave in ways that produce still
more value. Do we really want to
live in a society where our inner-
most desires and manifestations
of personal agency are up for sale?
Capitalism has always excelled at
creating new desires and cravings.
But with Big Data and algorithms,
tech companies have both accel-
erated and inverted this process.
Rather than just creating new goods
and services in anticipation of what
people might want, they already
know what we will want, and are
selling our future selves. Worse, the
algorithmic processes being used
often perpetuate gender and racial
crisis escalated, Beijing opened a
floodgate of credit and cut interest
rates, which stoked demand for
everything from Australian coal to
German cars.
We are unlikely to see anything
like that this time. Beijing has
shown little appetite for another
round of massive fiscal stimulus
as it atones for the profligacy of
the last decade, which left a mas-
sive build-up of debt and fuelled
asset bubbles.
While Chinese authorities have
been juicing the economy the past
year, they have been very careful
about how they go about it. Econ-
omists keep predicting cuts in the
benchmark interest rate, but those
have not been forthcoming, as my
Bloomberg Opinion colleague Shu-
li Ren wrote recently. The People’s
Bank of China (PBoC) has preferred
trims to lenders’ reserve require-
ments, as officials focus on the
best way to channel credit to cer-
tain sectors of the business world.
Open-slather easing, it is not.
That does not augur particular-
biases, and can be manipulated for
profit or political gain. While we all
benefit immensely from digital ser-
vices such as Google Search, we did
not sign up to have our behaviour
cataloged, shaped and sold.
To change this will require fo-
cusing directly on the prevailing
business model, and specifically on
the source of economic rents. Just
as landowners in the seventeenth
century extracted rents from land
price inflation, and just as robber
barons profited from the scarcity
of oil, today’s platform firms are
extracting value through the mo-
nopolisation of search and e-com-
merce services.
To be sure, it is predictable that
sectors with high network exter-
nalities — where the benefits to
individual users increase as a func-
tion of the total number of users
— will produce large companies.
That was why telephone compa-
nies grew so massive in the past.
The problem is not size, but how
network-based companies wield
their market power.
Today’s tech companies origi-
nally used their broad networks to
bring in diverse suppliers, much to
the benefit of consumers. Amazon
allowed small publishers to sell ti-
tles (including my first book) that
otherwise would not have made
it to the display shelf at your local
bookstore. Google’s search engine
used to return a diverse array of pro-
viders, goods and services.
But now, both companies use
ly well for the prospects of a global
recovery. The financial crisis saw
the world’s most consequential
central banks coordinate rate cuts,
with China’s participation. Beijing’s
involvement made China a serious
player in the global monetary order.
How likely is it that the PBoC
will happily sign off on something
with the US Federal Reserve once
again? With US President Donald
their dominant positions to stifle
competition, by controlling which
products users see and favouring
their own brands (many of which
have seemingly independent
names). Meanwhile, companies
that do not advertise on these plat-
forms find themselves at a severe
disadvantage. As Tim O’Reilly has
argued, over time, such rent-seeking
weakens the ecosystem of suppliers
that the platforms were originally
created to serve.
Rather than simply assuming
that economic rents are all the same,
economic policymakers should be
trying to understand how platform
algorithms allocate value among
consumers, suppliers and the plat-
form itself. While some allocations
may reflect real competition, others
are being driven by value extraction
rather than value creation.
Thus, we need to develop a new
governance structure, which starts
with creating a new vocabulary. For
example, calling platform compa-
nies “tech giants” implies they have
invested in the technologies from
which they are profiting, when it
was really taxpayers who funded
the key underlying technologies —
from the Internet to GPS.
Moreover, the widespread use
of tax arbitrage and contract work-
ers (to avoid the costs of providing
health insurance and other bene-
fits) is eroding the markets and in-
stitutions upon which the platform
economy relies. Rather than talking
about regulation, then, we need
Trump sitting in the White House,
not very. Then again, Trump has
already likened Fed chairman Je-
rome Powell to Chinese President
Xi Jinping. Desperation has been
known to make odd bedfellows in
pursuit of shared short-term goals.
The good news is that any steps
China does take will have ripple
effects given its sheer size. Gross
domestic product is now about
to go further, embracing concepts
such as co-creation. Governments
can and should be shaping markets
to ensure that collectively created
value serves collective ends.
Likewise, competition policy
should not be focused solely on
the question of size. Breaking up
large companies would not solve
the problems of value extraction or
abuses of individual rights. There
is no reason to assume that many
smaller Googles or Facebooks
would operate differently or develop
new, less exploitative algorithms.
Creating an environment that
rewards genuine value creation
and punishes value extraction is the
fundamental economic challenge of
our time. Fortunately, governments,
too, are now creating platforms to
identify citizens, collect taxes and
provide public services. Owing to
concerns in the early days of the
Internet about official misuse of
data, much of the current data ar-
chitecture was built by private com-
panies. But government platforms
now have enormous potential to
improve the efficiency of the pub-
lic sector and to democratise the
platform economy.
To realise that potential, we will
need to rethink the governance
of data, develop new institutions
and, given the dynamics of the plat-
form economy, experiment with
alternative forms of ownership. To
take just one of many examples, the
data that one generates when using
Google Maps or Citymapper — or
COMMENT 13
US$14 trillion (RM58.66 trillion),
compared with barely more than
US$1 trillion in 2001 and about
US$4 trillion in 2007. Chinese firms
continue to plough investment in
neighbouring countries and Bei-
jing-funded lenders like the Asian
Infrastructure Investment Bank
may well step up to provide cash
to struggling economies.
Let’s keep things in perspec-
tive, though. China is now record-
ing quarterly economic growth of
about 6%, not the 15% notched in
2007 or the roughly 10% in 2001.
The executives and politicians who
tripped over themselves to praise
China’s model of development are
noticeably quieter now.
Not every recession is like 2007,
nor are they always accompanied
by a financial collapse. The next
slump, whenever it comes, will still
be painful, so the US might want to
start casting about for an enthusias-
tic partner. It is probably a mistake
to expect that will be China this
time around — it is not only less
willing, but less able. — Bloomberg
any other platform that relies on
taxpayer-funded technologies —
should be used to improve public
transportation and other services,
rather than simply becoming pri-
vate profits.
Of course, some will argue that
regulating the platform economy
will impede market-driven value
creation. But they should go back
and read their Adam Smith, whose
ideal of a “free market” was one
free from rents, not from the state.
Algorithms and Big Data could
be used to improve public services,
working conditions and the well-
being of all people. But these tech-
nologies are currently being used
to undermine public services, pro-
mote zero-hour contracts, violate
individual privacy and destabilise
the world’s democracies — all in
the interest of personal gain.
Innovation does not just have
a rate of progression; it also has a
direction. The threat posed by ar-
tificial intelligence and other tech-
nologies lies not in the pace of their
development, but in how they are
being designed and deployed. Our
challenge is to set a new course. —
Project Syndicate
Mariana Mazzucato is professor of
Economics of Innovation and Pub-
lic Value and director of the UCL
Institute for Innovation and Public
Purpose (IIPP). She is the author of
The Value of Everything: Making
and Taking in the Global Economy.
14 W O R L D B U S I N E S S FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Singapore has not Jokowi: Indonesia

to open up to

entered recession yet

more foreign
investment
BY K A R L IS S A L N A
& R IE K A R A H A D IA N A

JAKARTA: Indonesian Presi-

dent Joko Widodo said he will
The government will step in with support measures if needed — minister introduce sweeping changes
to labour rules by year end and
open up more sectors of the
BY MICHELLE JAMRISKO will have to step in.” economy to foreign investment,
The economic strain through- delivering on some of the ma-
SINGAPORE: Singapore’s economy out the region is not likely to keep jor reforms investors have been
has probably not slid into reces- governments from accelerating demanding.
sion yet, though the government is Rajah says the plans to address massive infrastruc- Jokowi, as the president is
monitoring conditions closely and economic strain ture needs, Rajah said. Singapore known, said planned chang-
will step in with support measures throughout the is moving forward with efforts to es to the labour law will now
if needed, said Indranee Rajah, a region is not standardise language around pro- only apply to new employees,
minister in the Prime Minister’s likely to keep ject financing and to help train gov- proposals he will discuss with
governments
Office. ernment officials on how to draw labour unions before taking
“We’re not new to difficult eco- from in private sector support for such them to parliament. By restrict-
nomic situations; we’re not new accelerating deals, she announced this week ing the rules to new jobs only,
to recession,” Rajah, who is also plans to address at Singapore’s Asia Infrastructure Jokowi can attract businesses
Singapore’s second minister for massive Forum. wanting to set up shop in In-
finance and for education, said infrastructure “In a global environment like donesia or looking to expand,
in an interview yesterday with needs. Photo by this, you would be looking for while defusing opposition from
Bloomberg Television. “We don’t Bloomberg something you can put your mon- labour groups.
think we’ve gone into a recession ey into, which hopefully isn’t af- Speaking from his home-
yet, but we’re keeping a very close fected by trade wars and where town of Solo in Central Java,
eye on it.” you can get your returns,” she Jokowi told Bloomberg edi-
Export-reliant Singapore has said. tor-in-chief John Micklethwait
acutely felt the pressures of the Singapore is finding its niche that it is his “first priority” to
US-China trade war, with officials the second quarter from the pre- government needs to step in with as a legal hub to help build infra- reform the labour rules. Busi-
lowering 2019 growth forecasts vious three months. Third-quar- assistance, we will do so,” Rajah structure deals as “bankable” and nesses have long complained
to almost zero after the economy ter figures are due this month. said. “If we need some safety nets win more private sector support. that generous severance pack-
contracted an annualised 3.3% in “If there is a need to and the and buffers, then our agencies — Bloomberg ages, a complex minimum
wage system, and restrictions
on hiring and firing workers
make it difficult for them to ex-
Retailers help
heat up IPO Duty-free job cuts expose pand operations. — Bloomberg

activity in
Southeast Asia
BY JU LI A FI ORET TI
& C A RO L ZH ON G
HONG KONG: Retail has
been one of the hottest sec-
tors among recent Southeast
Asian initial public offerings
(IPOs), as investors look to cash
in on consumers’ increasing
spending power in the region.
“The domestic consumption
growth story in Southeast Asia
remains an attractive thematic
for equity investors,” said Ho
Cheun Hon, head of Southeast
Asia equity capital markets at
Credit Suisse.
Home supplies retailer All-
Home Corp raised US$248
million (RM1.04 billion) in
an IPO last week, just the third
new listing in the Philippines
this year. Home improvement
company Dohome PCL raised
US$113.3 million in a Thai IPO
in July.
Central Group, one of Thai-
land’s biggest conglomerates,
is planning an IPO of its retail
arm in the first quarter of next
year that could raise as much
as US$2 billion, people famil-
iar with the matter previously
told Bloomberg.
“Specialised retail is typ-
ically considered more at-
tractive than general retail as
it’s less susceptible to e-com-
merce disruption,” he said. —
Bloomberg
Singapore’s sensitivity
BY KYUNGHEE PAR K
SINGAPORE: DFS Group Ltd’s job
cuts in Singapore have prompted
a rebuke from the city state’s au-
thorities, shining a spotlight on
how handling retrenchments is a
delicate matter in the country that
is anticipating elections soon.
The duty-free operator last week
formally terminated jobs of its airport
workers, effective in June when it exits
selling alcohol and cigarettes at Sin-
gapore’s Changi Airport. DFS also told
some of its employees at other outlets
that they would no longer have jobs
— some effective immediately, some
ending over the next several months
— the company said yesterday in re-
sponse to Bloomberg queries.
The move sparked complaints
about the severance packages of-
fered and how the LVMH-backed
travel retailer could have handled
the retrenchments better in com-
municating with the workers. It also
prompted a weigh-in by the city
state’s manpower minister.
“Retrenchment is never easy, but
handling it sensitively and respon-
sibly can go a long way in helping
employees through the transition,”
Josephine Teo said in a Facebook
post on Saturday. “The company is
now adjusting its approach and tak-
ing appropriate steps to address the
concerns of the affected employees.”
DFS will work with the govern-
ment and local labour groups to pro-
vide support, such as personalised
career coaching, job-matching and
job fairs for affected staff, the compa-
ny said in a statement. Better sever-
ance packages were also offered on
Wednesday to retrenched employees,
which numbered at around 60 peo-
ple, according to Channel NewsAsia.
DFS, in addition to being
Changi’s largest tenant, is also its
oldest, having operated for nearly
40 years. — Bloomberg
Filepic of a
DFS duty-free
store at Changi
Airport in
Singapore. DFS,
in addition to
being Changi’s
largest tenant,
is also its
oldest, having
operated for
nearly 40
years. Photo by
Bloomberg
Up to US$4b
moved from HK
to Singapore
— Goldman
BY A L F R E D L IU
HONG KONG: The potential
benefit to Singapore from the
turmoil in Hong Kong: US$4
billion (RM16.76 billion).
That is the upper end of an
estimate by Goldman Sachs
Group Inc of the money in-
vestors have moved to Singa-
pore amid escalating political
protests in the former British
colony.
The New York-based bank
estimated that there had been
a maximum outflow of Hong
Kong dollar deposits totalling
US$3 billion to US$4 billion
to Singapore, an alternative
financial centre for the region,
as of August.
Local-currency deposits de-
clined in August by 1.6% from
the previous month, the biggest
drop in more than a year, to
about HK$6.84 trillion (RM3.65
trillion), the Hong Kong Mon-
etary Authority said earlier this
week. Its chief attributed that
slump to a dearth of initial pub-
lic offerings and said there had
been a slight increase in the
first three weeks of Septem-
ber. That was before further
escalation of violence in the
city. — Bloomberg
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Hong Kong
recession means
stocks may fall
25% — Oreana
BY E L E N A POPI NA
NEW YORK: Hong Kong stocks
still are not cheap enough despite
just finishing their worst quarter
in four years.
So contends Oreana Finan-
cial Services Ltd’s Isaac Poole.
The company’s chief investment
officer, who last September cor-
rectly predicted a rally in Chinese
stocks, told Bloomberg TV there
is an economic recession under-
way in Hong Kong that investors
have not priced in. He sees the
Hang Seng Index (HSI) losing as
much as 25% by the end of 2020,
according to emailed comments.
The HSI is trading near where
it began the year. But the trade
war, global growth concerns and
ongoing street protests in the city
mean stocks are still too expen-
sive, Poole said. The index trades
at about 9.9 times its members’
projected earnings, 11% cheaper
than its five-year average.
“This is a bad outlook that’s
not being priced in properly into
equities at the moment,” said
Poole. “That’s not a technical re-
cession, that’s an absolute reces-
sion. We look at the equity market
here in Hong Kong and seeing
it probably 15% to 20%, maybe
25%, overvalued right now.” —
Bloomberg
BoJ’s Funo warns
of intensifying
global risks
BY T ET S U S HI K A JI MOTO
MATSUE, Japan: Bank of Japan
(BoJ) board member Yukitoshi
Funo yesterday warned against
intensifying economic pressure
from slowing global growth, and
reiterated the central bank’s read-
iness to respond to the broaden-
ing hazards.
Funo repeated the BoJ’s view
in July that it would act “without
hesitation” if risks to achieving its
2% inflation target grew.
Market expectations of immi-
nent easing grew after the BoJ
pledged in July to act pre-emp-
tively.
“For additional easing meas-
ures, various possibilities exist
such as cutting short-term and
long-term interest rates, boost-
ing asset purchases and accel-
erating base money expansion,”
Funo said in a speech to business
leaders in Matsue, western Japan.
At its latest policy review last
month, the central bank stood
pat but signalled the chance of
expanding stimulus as early as
its next policy meeting in Octo-
ber by issuing a stronger warning
against overseas risks.
Funo flagged rising risks from
overseas, such as US economic
policy and its impact on global
markets, the Sino-US trade war,
Brexit, and geopolitical risks. —
Reuters
US widens trade
war with tariffs on
European goods
This comes as a punishment for illegal EU aircraft subsidies
The US says it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies,
and cheese from across the continent. Photo by Reuters
BY TIM HEP HER, P HILI P
BLENKINSOP & DAV ID LAWDE R
LONDON/BRUSSELS/WASHING-
TON: The US on Wednesday said it
would slap 10% tariffs on Europe-
an-made Airbus planes and 25%
duties on French wine, Scotch and
Irish whiskies, and cheese from
across the continent as punish-
ment for illegal European Union
(EU) aircraft subsidies.
The announcement came af-
ter the World Trade Organization
(WTO) gave Washington a green
light to impose tariffs on US$7.5 bil-
lion (RM31.42 billion) worth of EU
goods annually in the long-running
case, a move that threatens to ignite
a tit-for-tat transatlantic trade war.
Australian shares lose
nearly US$30b in value
BY NIKHIL KUR IAN NAINAN
BENGALURU: Australian shares
dropped more than 2% yester-
day, losing about A$44 billion
(US$29.52 billion/RM123.85 bil-
lion) in value, as Washington’s
move to slap tariffs on Europe and
weak US data added to escalating
fears over slowing global econom-
ic growth.
The S&P/ASX 200 index dived
2.2%, or 146.9 points, to 6,493, its
lowest close in over a month.
Overnight, the US said it will slap
tariffs on US$7.5 billion worth of
goods from the European Union,
threatening to spark a transatlantic
The measures would follow tar-
iffs levied by the US and China on
hundreds of billions of dollars of
each other’s goods in their more
than year-old trade war.
The US Trade Representative’s
target list for EU tariffs, set to take
effect on Oct 18, includes large Air-
bus planes made in France, Britain,
Germany and Spain — the four
Airbus consortium countries. But
no tariffs will be imposed on EU-
made aircraft parts used in Airbus’
Alabama assembly operations or
those used by rival US plane-maker
Boeing Co, safeguarding US man-
ufacturing jobs.
“Finally, after 15 years of litiga-
tion, the WTO has confirmed that
the US is entitled to impose coun-
trade war as global markets grap-
ple with the more than year-long
US-China trade tussle.
Also originating from the US was
two straight days of weak data — in
the form of manufacturing and pri-
vate jobs figures — with investors
now awaiting today’s non-farm pay-
rolls for further clues about the health
of the world’s largest economy.
“Numbers out of the US need
to improve in the next couple of
months for investors to feel more
confident that a recession is not
around the corner,” said Michael
Gable, the managing director at
Sydney-based Fairmont Equities.
Concerns about the state of the
W O R L D B U S I N E S S 15
termeasures in response to the EU’s
illegal subsidies,” US Trade Repre-
sentative Robert Lighthizer said in
a statement.
“We expect to enter into nego-
tiations with the European Un-
ion aimed at resolving this issue
in a way that will benefit American
workers,” Lighthizer added.
The tariffs heavily target the four
Airbus consortium countries, in-
cluding Spanish olives, British
sweaters and woollens, and Ger-
man tools and coffee, as well as
British whiskey and French wine.
Cheese from nearly every EU coun-
try will be hit with the 25% tariffs,
but Italian wine and olive oil were
spared, along with European cho-
colate. — Reuters
world economy led to a broad sell-
off in Australia, with gold stocks the
only bright spot as investors sought
safe havens.
Just 15 out of the 200 stocks on
the benchmark ended the session
in positive territory, with financial
stocks dominating losses.
The Big Four banks were among
the top drags, with National Aus-
tralia Bank (NAB) losing 3.5%. The
other three closed between 2.4%
and 2.8% lower.
Morgan Stanley downgraded
NAB, and warned that all the ma-
jor banks should lower their pay-
out ratios and target higher capital
levels instead. — Reuters
IN BRIEF
Three-year-old start-up
snags US$585m from
investors
BANGALORE: Udaan, an Indian
e-commerce marketplace for
businesses, has raised US$585
million (RM2.45 billion) from
investors including Tencent
Holdings Ltd, Altimeter Capi-
tal, GGV Capital and Citi Ven-
tures. The Bangalore-based start-
up sources directly from small
manufacturers, farmers and
mill owners to supply to neigh-
bourhood stores, restaurants,
offices and even street vendors.
The fundraising brings the total
capital raised since its incep-
tion in 2016 to US$870 million.
Udaan’s logistics, payments and
fulfilment platform currently
connects 20,000 sellers across
the country to three million re-
tailers in categories from fruits
and vegetables to electronics,
apparel and toys. — Bloomberg
Thailand gives CP Group
Oct 15 deadline to sign
US$7b rail deal
BANGKOK: Thailand has given
the agro-industrial conglomer-
ate Charoen Pokphand Group
(CP Group) until Oct 15 to sign
an investment agreement for
the 225 billion baht (US$7.36
billion/RM30.83 billion) high-
speed train project, a senior offi-
cial said. Deputy Prime Minister
Anutin Charnvirakul announced
the deadline yesterday, adding
that CP’s bid for the project was
60 billion baht lower than com-
petitors. CP Group and 12 oth-
er companies won the bid for
the project in May, beating out
a consortium led by mass transit
operator, BTS Group Holdings
Pcl. — Reuters
Topsports expected
to raise US$1b in HK IPO
SYDNEY: Chinese sportswear
manufacturer Topsports Interna-
tional Holdings Ltd is on course
to raise US$1 billion (RM4.19 bil-
lion) with its shares expected to
price at HK$8.50 (RM4.54) in an
Hong Kong initial public offering
(IPO), people with knowledge of
the matter said yesterday. The
final pricing guidance given to
investors is towards the lower
end of the HK$8.30 to HK$10.10
range disclosed ahead of the
deal. Topsports’ US$1 billion
raising comes with the ability
to exercise a so-called overal-
lotment option which could al-
low the company to raise up to
US$1.2 billion. — Reuters
Tokio Marine to buy Pure
Group for about US$3.1b
TOKYO: Tokio Marine Hold-
ings Inc will buy insurer Pure
Group for about US$3.1 billion
(RM13 billion), it said yester-
day, marking its fourth sizeable
acquisition in the US in a little
over a decade. Japanese finan-
cial firms have been forced to
look abroad for growth amid
an ageing, shrinking popula-
tion at home. Tokio Marine,
the world’s fourth-largest prop-
erty-and-casualty insurer by
revenue, has pushed into both
emerging markets and the US.
— Reuters
16 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
FRIDAY O CTOBE R 4 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY 17
18 W O R L D B U S I N E S S
‘Trump to keep thumb on
China’s access to markets’
Capital wars are likely should goods to tariff run out — analyst
BY F E L I CE MA RA N Z
NEW YORK: Trump administration
pressure on China’s access to US
capital markets is likely to intensify,
according to several analysts.
“The current political environ-
ment means these efforts will like-
ly gather steam,” Raymond James
analyst Ed Mills wrote in a note af-
ter conversations with Washington
sources. “The US-China capital wars
are a potential new front should we
run out of goods to tariff,” Cowen an-
alyst Chris Krueger wrote separately.
Cowen’s Krueger advises watch-
ing for potential moves from three
places: Congress, which could take
action by making amendments to
the annual National Defense Au-
thorization Act; the administration,
which could take unilateral action,
but not before talks later this month
in Washington DC, and the Secu-
rities and Exchange Commission.
One issue the administration may
seek to move quickly on, according to
Mills, is a 2017 decision by the Federal
Retirement Thrift Investment Board,
to transition to the Morgan Stanley
Capital International All Country
World Index (MSCI ACWI) ex-US
as a benchmark.
That index lists “many Chi-
Uber launches
app aimed at
connecting with
business owners
BY K A N I SHKA SI N GH
BENGALURU: Ride-hailing firm
Uber Technologies Inc said it
launched an app called Uber
Works to connect temporary
workers looking to work shifts
with businesses trying to plug
gaps in their rosters.
The app, made available only
in Chicago for now, will show
workers the available shifts in a
certain area and help businesses
that struggle to staff up during
peak demand, and with missed
shifts and high turnover, Uber
said in a blog.
“Uber Works has a business
dashboard and we connect di-
rectly with businesses, includ-
ing restaurants and others, to
assist them with filling empty
shifts,” a company spokesman
told Reuters.
The move to diversify its core
business comes at a time when
Uber’s main ride-hailing oper-
ations face competition in Asia,
while the US company is also fac-
ing regulatory scrutiny for classi-
fying its drivers as independent
contractors. — Reuters
na-linked firms that are viewed
as acting counter to the national
security interests of the US,” Mills
said, while several have “violated US
sanctions and are under scrutiny by
the federal government for human
rights abuses.” There are also con-
cerns about how China’s refusal to
US-Asia oil freight rate hits record
high amid Chinese tanker sanctions
BY COLLIN EATON
& DEV IKA KRISHNA KU M AR
HOUSTON/NEW YORK: Freight
rates for US crude tankers bound for
Asia hit an all-time high on Wednes-
day as US sanctions on a Chinese
transport giant cut vessel availa-
bility, traders and shipbrokers said.
South Korea’s top refiner SK En-
ergy (SK) chartered a supertanker,
Maxim, to ship US crude to South
Korea in November for US$10 mil-
lion (RM41.9 million), the highest
price for a US Gulf-to-Asia shipment
ever, two sources familiar with the
US committee seeks to interview Boeing engineer on safety of 737 MAX
BY DAV ID SHEPARD S O N,
R AM A V ENKAT & SATHV I K N
WASHINGTON/BENGALURU: A US
panel has asked Boeing Co to make
an engineer available for an inter-
view after reports that the worker
filed an internal ethics complaint
on 737 MAX’s safety and that the
planemaker convinced the regulator
to relax safety standards.
allow independent auditors access
to company financials on national
security grounds may limit “inves-
tors’ ability to make sound invest-
ment decisions,” he said.
Mills noted that lawmakers from
both parties, primarily Senators Mar-
co Rubio and Jeanne Shaheen, have
matter said. SK could not be reached
for comment.
The US last week imposed sanc-
tions on two units of China’s Cosco
for alleged involvement in ferry-
ing crude out of Iran. That action
prompted US Gulf Coast exporters to
hold back chartering Cosco-linked
vessels, traders and shipbrokers said.
One of the units — Cosco Ship-
ping Tanker (Dalian) — owns and
manages at least 36 tankers for crude
and refined products, including 18
supertankers or very large crude car-
riers (VLCCs), according to shipping
sources and Refinitiv data.
The engineer said in the com-
plaint filed this year that during the
development of the 737 MAX, Boe-
ing had rejected a safety system to
minimise costs, The New York Times
had reported. The engineer, who
worked on cockpit instruments and
controls, felt the safety system could
have reduced risks that contributed
to two fatal crashes that killed 346
people in Ethiopia and Indonesia,
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
‘The US-China
capital wars are a
potential new front
should we run out
of goods to tariff,’
an analyst wrote.
Photo by Reuters
argued that the MSCI-ACWI index
allows federal workers’ retirement
funds to support “enterprises Bei-
jing uses to undermine American
workers,” and that are involved in
“military, espionage, human rights
abuses, and the ‘made in China 2025’
industrial policy.” — Bloomberg
Earlier this week, suggested rates
for VLCCs, which can carry around
two million barrels, from the US Gulf
Coast to China vaulted to US$9.8
million, up from US$6.2 million in
early September, according to ship
broker McQuilling Services.
Last Friday’s highest quote was
at US$9.5 million for charterer
Atlantic Trading & Marketing, a
unit of Total SA, to book a VLCC
from the US Gulf Coast to China,
shipbrokers said. The deal did not
go through, the brokers said, and
Atlantic Trading declined to com-
ment. — Reuters
according to the report.
“All of this information is critical
to have as we prepare for our Com-
mittee’s Oct 30th hearing with Boe-
ing’s CEO (chief executive officer), as
well as Boeing’s chief engineer of its
commercial airplanes division, and
the chief pilot for the 737,” said Peter
DeFazio, chairman of the US House
Transportation and Infrastructure
Committee.
Airbus plant in
Alabama spared
fallout from
US tariffs
BY A N D R E A S H A L A L
& T IM H E PH E R
WASHINGTON/LONDON: Al-
abama aerospace workers won
an unexpected reprieve from
escalating trade tensions on
Wednesday when the US spared
an Airbus plant in the state from
the impact of tariffs against the
European planemaker — at least
for now.
While Airbus aircraft built in
Europe will be hit with a tariff of
10% after the World Trade Or-
ganization allowed Washington
to impose sanctions on Europe-
an Union goods, semi-finished
fuselages and wings are exempt-
ed, an official list showed.
That means large parts
shipped to the deep-sea Ala-
bama port of Mobile from plants
in Europe will not be hit by the
duties, allowing Airbus to con-
tinue to supply US-based air-
lines with a limited number of
locally assembled aircraft.
“Earlier today (Wednesday),
we received confirmation from
Airbus of very positive news that
parts and components used at
the final assembly plant in Mo-
bile will not be subject to tariffs,”
said George Talbot, a spokesman
for the city of Mobile.
“There is a great sense of
relief and gratitude about the
outcome.” France-based Air-
bus opened the Mobile plant in
2015, widening its international
footprint from existing assem-
bly lines in Europe and China.
The Alabama plant produces
four A320-family jets a month, a
relatively small part of the Airbus
total, but is seen as important
to the company’s plans to raise
output globally. US rival Boeing
Co has large manufacturing op-
erations in the north of the state.
Mobile city leaders and Al-
abama lawmakers had lobbied
hard for exemptions from the
tariffs, arguing they could jeop-
ardise some 1,000 jobs.
Alabama’s largely conserva-
tive voters supported US Presi-
dent Donald Trump in the 2016
presidential election, and he
continues to poll very strongly
in the state.
The surprise decision to omit
imported aircraft sections came
in a list of tariffs that was small-
er in percentage terms and in
scope than initially signalled by
Washington. — Reuters
Boeing said it would continue to
cooperate with Congress and reg-
ulatory authorities as it focuses on
safely returning the MAX to service.
The committee has been por-
ing over hundreds of thousands
of pages of documents and emails
from Boeing and the Federal Avia-
tion Administration, but it was not
aware of the engineer’s complaint,
he said. — Reuters
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Trudeau goes on
attack in debate
as he seeks to
revive campaign
BY DAVI D L JU N GGREN
& K EL SEY JOH N SON
OTTAWA: Canadian Prime
Minister Justin Trudeau, try-
ing to revive his electoral for-
tunes after the emergence of
embarrassing photographs,
used the first televised cam-
paign debate on Wednesday
to launch repeated attacks on
his main rival.
Polls suggest Trudeau’s
left-leaning Liberals could lose
power to the opposition Con-
servatives of Andrew Scheer
on Oct 21 amid voter unhap-
piness with images of Trudeau
in blackface, as well as other
scandals.
Trudeau, variously inter-
rupting and talking over Scheer,
took the offensive from the start
during the French-language
debate in the politically im-
portant province of Quebec.
He first suggested Scheer
would be open to reviving the
debate on abortion.
“Do you — as a party leader,
as a father and a husband —
believe women should have a
choice?’ Trudeau asked Scheer.
There are few restrictions
on abortion in Canada and the
Conservatives have tradition-
ally steered clear of the topic,
fearing they could alienate pro-
gressive voters.
“Quebecers can be confi-
dent that a Conservative gov-
ernment led by me will not
reopen this debate,” Scheer
responded. — Reuters
Trump attacks
Democrats,
whistle-blower
over impeachment
BY ST E VE HOL L
& PAT R I C IA ZEN GERL E
WASHINGTON: US President
Donald Trump kept up his as-
saults on the Democratic law-
makers leading impeachment
proceedings on Wednesday,
accusing House Intelligence
Committee chairman Adam
Schiff of treason, as well as at-
tacking the unidentified whis-
tle-blower who reported con-
cerns about his behaviour.
The Republican president
has lashed out repeatedly at the
impeachment inquiry, which
was prompted by his phone
call with the Ukrainian presi-
dent that sought an investiga-
tion that would be damaging
to a Democratic political op-
ponent, former vice-president
Joe Biden.
Trump repeatedly says he
did nothing wrong in his July
25 telephone call in which he
asked Ukrainian President Vo-
lodymyr Zelenskiy to investi-
gate Biden. — Reuters
Johnson’s Brexit offer
can’t fly — EU official
It is an unworkable move backwards that leaves Britain and the EU far apart
BY JOHN CHALM ER S
& GABRIELA BACZYNSKA
BRUSSELS: UK Prime Minister Bo-
ris Johnson’s last-ditch Brexit pro-
posal “can’t fly” because it is an
unworkable move backwards that
leaves Britain and the European
Union (EU) far apart, a senior EU
official said yesterday.
Just 27 days before the UK is
due to leave the EU, both sides are
positioning themselves for a delay
or else a disorderly no-deal Brexit.
Johnson says he wants a deal but
insists there can be no delay to
Brexit beyond Oct 31.
The cool reception from Brussels
to Johnson’s proposal indicates just
how far apart the two sides are on
the first departure of a sovereign
state from the EU project, which
was forged from Europe’s ruins
after World War Two.
A European Parliament Brexit
group believes that Johnson’s pro-
posals “do not represent a basis for
an agreement”, according to the
draft of a statement seen by Reuters
ahead of release later in the day.
Any errors in arrest of Huawei CFO
were technical, Canadian court told
BY EVAN DUGGAN
VANCOUVER: Any errors in the ar-
rest of Huawei Technologies Co Ltd
chief financial officer (CFO) Meng
Wanzhou in Canada last December
were technical in nature and do not
meet the requirements to suspend
her extradition proceedings to the
US, government lawyers said in
court on Wednesday.
Meng, 47, is charged in the US
with bank fraud and she is accused
of misleading HSBC Holdings plc
bank about Huawei’s business in
Iran, which is under US sanctions.
Meng has said she is innocent and
is fighting extradition.
Lawyers for Canada’s attorney
general wrapped up their oral
arguments on behalf of the US
in a British Columbia courtroom
on Wednesday. Meng’s lawyers,
who made their initial arguments
last week, were set to return to
court yesterday to present their
response.
Meng’s lawyers are demanding
emails, notes and other records
from the Canadian government,
arguing that they would support
their case that Meng’s rights were
violated before her arrest at a Van-
couver airport on Dec 1 at the re-
quest of the US.
If Canadian officials abused their
authority, her lawyers say, the extra-
Johnson giving a closing speech at the Conservative Party’s annual conference in
Manchester, Britain on Wednesday. He says he wants a deal but insists there can be no
delay to Brexit beyond Oct 31. Photo by Reuters
Separately, a senior EU official
said Johnson’s proposal “can’t fly”,
largely because it did not offer a
solution for the border between
Northern Ireland and Ireland once
the UK province has left the EU’s
customs union.
Meng (centre) returning to the British Columbia Supreme Court after a lunch break
during a hearing in Vancouver, British Columbia, Canada on Monday. She is charged in
the US with bank fraud. Photo by Reuters
dition proceedings should be halted.
Meng’s defence, in their applica-
tion for additional disclosure, have
tried to create a narrative of a grand
conspiracy, public prosecutor John
Gibb-Carsley said in court.
“Never let the truth get in the
way of a good story,” he added.
Gibb-Carsley said communica-
tions on Nov 30 between members
of the Royal Canadian Mounted
Police show there was no plan of
“It does not contain any decent
solution for customs. And it erects
a hard border on the island of Ire-
land,” said the senior EU official.
“It would have to be fundamen-
tally reworked,” an EU diplomat
said, adding that time was short
action involving the Canadian Bor-
der Services Agency (CBSA) until
the following day.
“In order to have a conspiracy,
you need to have conspirators,”
Gibb-Carsley said. “You need to
have a meeting of the minds.”
In a document submitted to the
court, CBSA admitted making an
“error” while sharing passcodes of
phones belonging to Meng with
Canadian federal police. — Reuters
W O R L D 19
before the bloc’s leaders meet in
Brussels in two weeks for a make-
or-break Brexit summit on Oct 17-
18.
In Dublin, which is crucial to
any deal, Junior Finance Minister
Patrick O’Donovan said Johnson’s
offer was the basis for discussions
but not of an agreement.
Johnson made what he said was
his final Brexit pitch to the EU on
Wednesday, offering a possible
compromise on the Irish border
that initially drew a cautious wel-
come by the EU.
Johnson went further than many
expected on the most contentious
issue — the border between Brit-
ish-ruled Northern Ireland and EU
member Ireland — with a proposal
for an all-island regulatory zone to
cover all goods, replacing the so-
called backstop arrangement he
says he cannot accept.
Besides the concession, howev-
er, Johnson proposed giving North-
ern Ireland institutions the ongoing
power to abide by or exit the regula-
tory zone — a possible step too far
for Ireland and the EU. — Reuters
EU to consider
new supervisor
in fight against
money laundering
BY F R A N C E S CO G UA R A S C IO
BRUSSELS: Banking scandals
and growing crypto currency
use have prompted European
Union (EU) finance ministers to
consider setting up a bloc-wide
supervisor on money launder-
ing at a meeting next week.
EU regulators were caught
off guard last year by one of the
largest money-laundering scan-
dals ever, involving some €200
billion in suspicious payments,
between 2007 and 2015, through
Danske Bank’s tiny Estonian
branch.
Despite several anti-money
laundering overhauls, the bloc
remains vulnerable, mostly be-
cause rules are applied less
strictly in some of the 28 EU
states, the European Commis-
sion, the bloc’s executive arm,
said in a report in July.
The bloc’s finance minis-
ters will therefore discuss at
a meeting on Oct 10 whether
a single supervisor could be
a solution, a document pub-
lished on Wednesday said.
“How should issues related
to inadequate supervision be
addressed?” the Finnish pres-
idency of the EU asked in the
paper that will guide the de-
bate. — Reuters
20 WORLD
HK to enact rare emergency
law for mask ban — reports
The ordinance was last used in 1967 to quell riots that rocked the trading hub
BY I AI N MA RLOW
HONG KONG: Hong Kong will
use an emergency ordinance for
the first time in more than a half a
century in order to ban face masks
at public gatherings, according to
local media outlets including the
South China Morning Post and
news channel TVB.
The government will enact the
Emergency Regulations Ordinance
after a special meeting of the city’s
Executive Council last Friday, TVB
reported, citing people it did not
identify.
First passed by the British gov-
ernment in 1922 to quell a seamen’s
strike in Hong Kong’s harbour, the
law was last used by the colonial
administration to help put down
riots that rocked the trading hub
in 1967.
A spokesman for Chief Exec-
utive Carrie Lam’s office was not
immediately able to comment on
the reports when reached by phone
yesterday afternoon.
The move came shortly after
a protester was shot in violent
demonstrations that once again
N Korea says it tested
new missile launched
from submarine
BY JOYC E L EE
SEOUL: North Korea said yes-
terday it had successfully test-
fired a new submarine-launched
ballistic missile (SLBM) from the
sea to contain external threats
and bolster self-defence, ahead
of fresh nuclear talks with the
US.
The launch on Wednesday was
the most provocative by North
Korea since it resumed dialogue
with the US in 2018 and a remind-
er by Pyongyang of the weapons
capability it has been aggres-
sively developing, including in-
tercontinental ballistic missiles,
analysts said.
North Korean leader Kim
Jong-un “sent warm congratu-
lations” to the defence scientists
who conducted the test, state
news agency KCNA said, indicat-
ing he did not attend the launch
as he has at previous tests of new
weapons systems.
The new type of SLBM, called
Pukguksong-3, was “fired in ver-
tical mode” in the waters off the
eastern city of Wonsan, KCNA
said, confirming an assessment
by South Korea’s military on
Wednesday that the missile was
shook the city on Oct 1, as Presi-
dent Xi Jinping celebrated 70 years
of Communist party rule in Beijing.
Some pro-China lawmakers in
Hong Kong had called on Wednes-
day for a ban on wearing masks at
public gatherings to stop protest-
ers from hiding their identity from
police officers.
The government re-evaluated
the situation after clashes in multi-
ple districts on National Day, Cable
TV reported, citing unidentified
sources.
Authorities believe the an-
ti-mask law can help restore order,
the report said, adding that it would
only target occasions like certain
rallies and marches. Details were
still being studied, it said.
Hong Kong stocks briefly jumped
on the reports in afternoon trade,
rapidly erasing an earlier decline.
“Now the anti-mask law at least
gives investors some hope that it
could be a way to cool down the
protests,” said Steven Leung, execu-
tive director at UOB Kay Hian Hong
Kong Ltd. “Some people could be
worried about being identified if
they can’t wear masks during pro-
launched on a lofted trajectory.
“The successful new-type
SLBM test-firing comes to be of
great significance as it ushered
in a new phase in containing
the outside forces’ threat to the
DPRK and further bolstering its
military muscle for self-defence,”
KCNA said.
DPRK is short for the North’s
official name, the Democratic
People’s Republic of Korea.
The test “had no adverse im-
pact on the security of neigh-
bouring countries,” KCNA said
but gave no other details about
the launch.
Photos released in the North’s
official Rodong Sinmun news-
paper, whose front two pag-
es featured the test, showed a
black-and-white painted missile
clearing the surface of the water,
then the rocket engine igniting to
propel it into the sky.
North Korea rejects UN Se-
curity Council resolutions that
ban it from using ballistic mis-
sile technology, saying they are
an infringement of its right to
self-defence. North Korea fired
the missile hours after announc-
ing it would resume talks with
the US. — Reuters
A protester throwing pieces of paper at the vice chancellor of the Chinese University
of Hong Kong, Rocky Tuan, in an administrative building during a demonstration in
solidarity with a student who was shot by a police officer on Tuesday. The government
will enact the Emergency Regulations Ordinance, TVB reported. Photo by Reuters
tests. That’s why we see local shares
rallying, such as developers and
retailers.”
The ordinance could give the
government greater leeway to arrest
citizens, censor publications, shut
off communications networks and
Demonstrators dispersing as Iraqi security forces used tear gas during a protest over
unemployment, corruption and poor public services in Baghdad, Iraq on Wednesday.
At least seven people were killed and more than 400 were injured during two days of
nationwide anti-government protests. Photo by Reuters
Iraq declares curfews as gunfights
rage and protests spread nationwide
BY AHM E D RAS HE E D
& AHM E D ABO U LE NE I N
BAGHDAD: Iraqi Prime Minister
Adel Abdul Mahdi on Wednesday
declared a curfew in Baghdad until
further notice after at least seven
people were killed and more than 400
were injured during two days of na-
tionwide anti-government protests.
Curfews were imposed earlier in
three southern cities while elite coun-
ter-terrorism troops opened fire on
protesters trying to storm Baghdad
airport and deployed to the southern
city of Nassiriya after gunfights broke
out between protesters and security
forces, police sources said.
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
search premises without warrants,
among other measures.
“Once the emergency regulations
ordinance is invoked that would
give a blank check to the chief ex-
ecutive,” said opposition lawmaker
Alvin Yeung. — Bloomberg
“All vehicles and individuals are
totally forbidden to move in Baghdad
as of 5am until further notice,” Abdul
Mahdi said in a written statement.
Travellers to and from Baghdad
airport, ambulances, government
employees in hospitals, electric-
ity, and water departments, and
religious pilgrims are exempt from
the curfew, the statement said. It
was up to provincial governors to
decide whether to declare curfews
elsewhere.
Curfews were imposed in Nassiri-
ya, Amara and Hilla as protests that
began on Tuesday over unemploy-
ment, corruption and poor public
services escalated. — Reuters
Cambodian
judge orders
new probe of
reporters’
‘spying’ case
BY PR A K C H A N T H UL
PHNOM PENH: A Cambodian
judge yesterday ordered a re-
investigation of the espionage
case against two former Radio
Free Asia journalists, saying he
could not rule on their guilt
or innocence without enough
evidence.
The case has added to con-
cerns about a crackdown on
criticism and dissent by Cam-
bodian Prime Minister Hun
Sen, who extended his rule of
more than three decades in an
election last year after the main
opposition party leader was
arrested on treason charges
Phnom Penh Municipal
Court Judge Im Vannak had
been scheduled to deliver a
verdict in the two-year-old
case against the reporters, Uon
Chhin and Yeang Sothearin,
but instead he ordered a fresh
investigation into hard disks
seized when they were arrest-
ed in 2017.
Radio Free Asia (RFA) and
rights groups said the case
should be dropped.
“These delays drag out an
unnecessary ordeal that has
unfolded for almost two years,”
RFA’s spokesperson, Rohit Mo-
hajan, told Reuters. — Reuters
Hanoi slaps
anti-dumping
tax on China’s
aluminium stuff
BY K H A N H V U
HANOI: Vietnam has imposed
an anti-dumping tax on some
aluminium products from Chi-
na, just months after a similar
levy targeting steel items, as the
Southeast Asian nation looks to
rein in an ever-increasing trade
deficit with its giant neighbour.
An investigation launched
in January found that Chinese
dumping activities had serious-
ly hurt domestic producers of
aluminium, with some having
to suspend output, the Minis-
try of Industry and Trade said.
The anti-dumping tax on
some aluminium products
from 16 Chinese companies
ranges from 2.49% to 35.58%
and took effect for five years
from Sept 28, the govern-
ment said on its website on
Wednesday.
Aluminium imports from
China nearly doubled last year
to at least 62,000 tonnes, the
ministry added. The figure ex-
cluded the amount of alumini-
um that transited through Viet-
nam. In June, Vietnam imposed
an anti-dumping tax of 3.45% to
34.27% on some Chinese steel
products. — Reuters
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Investors keep their faith
in Hong Kong markets
Despite street protests, companies are forging ahead with their listing plans
BY J UL I E Z HU, N OA H SI N
& M AR I U S ZA HA RI A
A
S anti-government pro-
testers fought pitched
battles with police in
Hong Kong streets last
week, a group of bank-
ers in another part of
the city were busy taking in billions
for the public float of the Asia unit of
the world’s largest brewer.
After a freeze during months of
sometimes violent protests, Asia’s
top financial hub looks to be back
in business. The stock market is off
its lows, Hong Kong’s love affair
with property is undimmed and
companies are forging ahead with
listing plans.
Budweiser Brewing Company
APAC raised about US$5 billion
(RM20.95 billion) in its initial pub-
lic offering (IPO) on the Hong Kong
Stock Exchange (HKEX), making it
the second largest IPO in the world
this year.
Bankers say at least three more
major companies are set to list in
Hong Kong this month, selling
more than US$3 billion worth of
new shares.
Hong Kong’s status as a gateway
for global capital flowing into and out
of China, the world’s second-larg-
est economy, has seen many global
banks and fund managers make its
towering skyscrapers their regional
homes.
“How does this [unrest] affect you
Pension funds sink billions into a whole new world of risk
BY A N C H A L EE WORRAC H AT E
& RUBEN MUNSTERMAN
FOR decades Dutch pension cash
flowed to the place most likely to
deliver steady and safe returns: gov-
ernment bonds.
No longer. Now the investor be-
hind the Netherlands’ biggest pen-
sion fund is channeling retirement
savings to a Belgian airport, a bicycle
parking lot in Utrecht and toll roads
in the US and Spain.
“Because of low interest rates, we
have to cast our nets far and wide to
search for returns,” said Thijs Knaap,
senior investment strategist at APG
Asset Management. “We increasing-
ly invest more away from home. It’s
where the growth is.”
In a world of stuttering expansion
— where yields on US$14 trillion
(RM58.66 trillion) of bonds have
turned negative — income is drain-
ing away on government debt that
matches their long-term liabilities.
So they are getting creative to meet
ever more elusive return targets.
Knaap is at the vanguard of a
move by the most conservative in-
buying exposure to a good asset that
has presence in China, and is grow-
ing? None of those things have any
correlation with the Hong Kong pro-
tests,” said a senior banker with a
global investment bank.
“I don’t think I have received even
one phone call saying ‘we shouldn’t
be doing this IPO because of what’s
happening in Hong Kong’,” said the
banker, declining to be named due
to sensitivity of the issue.
Companies raised US$15 billion
in new listings in Hong Kong in the
first nine months of 2019, second
only to New York, according to Re-
finitiv data.
While the protests have hurt tour-
ism and retail sectors, threatening to
send Hong Kong into its first reces-
sion in a decade, its proximity to the
massive Chinese market and locally
listed firms’ presence there are more
important, bankers and analysts say.
Already, the Hong Kong stock
market has shown signs of steadying
after initial falls as equity investors
look for bargain-hunting opportu-
nities, they said.
The benchmark Hang Seng Index
rallied about 1.4% last month, but is
still down 6.1% since mid-June when
the unrest began.
“I think people are getting used
to the weekly events,” Steven Leung,
executive director for institutional
sales at brokerage UOB Kay Hian,
said of the protests.
“The impact was seen in the initial
one to two months in share prices,
vestors into areas far outside of their
safety zone. They are fuelling a boom
in alternative assets such as private
equity, property and infrastructure
that PwC estimates will jump to
US$21 trillion in 2025 from US$10
trillion in 2016.
Even the Church of England is
getting in on the act. Its pension
board is scaling back stocks in fa-
vour of private debt including loans
to small, and medium-sized com-
panies. In Japan, the Government
Pension Investment Fund’s coping
strategy for negative yields is to leave:
the world’s biggest pension fund is
considering currency-hedged for-
eign bonds as part of its domestic
debt portfolio.
Central banks around the world
delivered more than 700 cuts over
the past decade and spent trillions
buying bonds. That helped to dodge
a depression following the 2008 fi-
nancial crisis, but growth has eased
after a brief rebound, and most major
economies undershoot policymak-
ers’ inflation targets. The US-China
trade war and a slew of geopoliti-
cal risks are adding headwinds to
and mostly in retail, property and
tourism,” he said. “[But] the index
mostly reflects onshore Chinese mar-
ket and economy. Hong Kong com-
panies’ share is not that big.”
Fundraising needs
What started as protests over a
now-withdrawn extradition bill that
would have allowed criminal sus-
pects to be sent to mainland China
for trial have evolved into broader
calls for greater democracy, among
other demands in Hong Kong.
Demonstrators are frustrated at
what they see as Beijing’s tightening
grip over the former British colony,
which returned to China in 1997
under a “one country, two systems”
formula intended to guarantee free-
doms not enjoyed on the mainland.
After the initial nervousness
about the unrest, things are look-
ing up again in the financial markets,
partly aided by hopes that Beijing
would not take any step that would
imperil the prospects of its only off-
shore financial centre, analysts said.
“The question is whether people
think there is a replacement. Hong
Kong still has quite a big investor
pool,” said Gary Ng, an economist
at Natixis.
As many as 40 companies have
filed IPO applications with HKEX in
September, according to information
available on its website, the highest
pace of filing since March this year.
In addition to the Budweiser
APAC IPO, Topsports International
growth, deepening the lower-for-
longer trend for interest rates.
“Growth is sub-par, and declin-
ing,” said Jean-Jacques Barberis,
head of institutional client cover-
age at Amundi SA. “We’re in a cycle
that never seems to end, as monetary
policy is being pushed and pushed
to limits. Interest rates are going to
stay low for a long time.”
Gains from bonds will be general-
ly close to zero in the coming years,
according to Amundi. It expects the
Barclays Euro Aggregate index to
lose 0.1% over the next three years,
before returning 0.2% over the next
five and 0.3% over the successive
decade. BlackRock Inc reckons that
a typical 60/40 strategy in which 60%
of assets are allocated to equities
and 40% to bonds will see average
returns fall to 3.5% over the next 10
years from 8.5% in the past decade.
Contrast that with alternative
assets. So far they have delivered
returns above APG’s long-term tar-
get of 7% to 10%. The firm garnered
18.6% on private equity holdings
since it started investing in the asset
class in 2010. Infrastructure gener-
Holdings, the sportswear business
of Chinese footwear retailer Belle
International, last week launched a
Hong Kong IPO of up to US$1.2 bil-
lion. Companies expected to launch
Hong Kong IPOs within a month in-
clude ESR Cayman Ltd, a developer
and manager of logistics facilities,
planning to raise about US$1 bil-
lion, and a US$1 billion-plus float
of Prague-based consumer lender
Home Credit.
ESR and Home Credit declined
to comment.
“A deal can always get done if the
price is right, no matter what the mar-
ket conditions are,” said James Wang,
co-head of equity capital markets in
Asia ex-Japan, at Goldman Sachs,
referring to the broader IPO market.
“An IPO’s timetable is driven more
by the company’s need to raise capital
so in most cases, market conditions
have to be severe to override that
need and delay a deal.”
Solid demand
Investors including sovereign wealth
funds and large global funds that
invested in recent offerings are en-
thused by the lower valuations as
well as long-term business prospects,
bankers said.
Budweiser, which relaunched its
IPO last month after cancelling plans
for a bigger float in July, priced the
offering at the low end of the indic-
ative range.
E-commerce giant Alibaba Group
in August also delayed plans for a
ated a 12.7% internal rate of return
since 2011.
A BlackRock survey of clients
overseeing US$7 trillion of assets
published in January found just over
half planning to increase their allo-
cation to alternative assets this year.
“One of the biggest benefits of
alternative assets is its uncorrelat-
ed return to the market,” said Anne
Valentine Andrews at BlackRock
Alternative Investors.
But the rapid dash to alternative
assets by the stewards of retirement
cash comes with risks, and it has
caught the attention of regulators.
They worry that in a downturn funds
would struggle to pull cash out of il-
liquid assets. While pension funds
typically hold debt until maturity it
does not mean they cannot be hurt
by mark-to-market losses.
American International Group
Inc, which had been the world’s
largest insurer, was bailed out in
2009. Its losses on debt backed by
defaulting subprime mortgages
forced it to post collateral to banks
and seek an US$85 billion govern-
ment rescue.
F E AT U R E 2 1
US$15 billion listing in Hong Kong
because of the political turmoil.
But such caution has not badly
dented the demand for new and
listed stocks.
In another sign of solid demand,
net purchases on southbound stock
connect that allows mainland-based
investors to buy Hong Kong stocks
— reached US$8 billion in August,
the most since January 2018.
Other markets in Hong Kong are
also holding up.
Demand from homebuyers in
the world’s most expensive proper-
ty market has shown little signs of
weakening due to the protests.
Property firm Wheelock sold 80%
of its 816 flats in the development
since late August, lower than sales
at other launches this year, but “still
good” given the current environment,
property agents said.
Still, other factors including the
US-Sino trade war and slowing global
growth have been affecting financial
markets and asset prices in Hong
Kong, as they have elsewhere.
Sean Taylor, APAC chief invest-
ment officer at fund manager DWS
said Hong Kong could benefit more
than most if China and the US reach
an agreement on trade. In the mean-
time, investors needed to be patient.
“You’ve got to accept the situation
that tourism levels are down, retail
sales are down, property prices may
come down a bit — you’re going to
be in a slow environment for a while,”
Taylor said. — Reuters
At PGIM Fixed Income, which
oversees US$809 billion, senior port-
folio manager Michael Collins said
one of his biggest overweight po-
sitions is in structured debt such
as collateralised loan obligations
(CLOs). The Total Return Bond Fund
he helps manage has put 20% of its
holdings into securitised debt and
outperformed 95% of peers over the
past year, according to Bloomberg
data.
But Collins is sticking with the
top-rated pieces of CLOs which are
more liquid and last to absorb losses
from defaulting loans.
Knaap at APG says buying illiquid
assets needs a big balance sheet —
and a lot of homework. That might
involving going to India to check
out the leaky roof of an apartment
building, for example, a “totally dif-
ferent” kind of due diligence than
what you’d undertake to buy gov-
ernment bonds.
“You just can’t buy a portfolio
of houses from one day to another,
in contrast to bonds,” Knaap said.
“It’s really labour-intensive.” —
Bloomberg
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
WEEKEND
by numbers
Your quick guide to rest and relaxation. By Lakshmi Sekhar
3 musical marvels
One Night Only: A Bob Marley Tribute
As part of The Bee’s One Night Only tribute series, this
weekend they will be celebrating the one and only Bob
Marley. His music has stood the test of time and made a
clear impression in all our music memories. Enjoy hits
such as Three Little Birds, No Woman No Cry, Jammin
and many more. The 11-piece band — featuring Bihzhu,
Brendan de Cruz, Billie Blue (Billie Blue & The Nowhere
Men) and Danielle Williams (Skies Are Red) and many
more — will have you entertained all night long. This
event takes place tomorrow at 8pm. Tickets are RM25
each to be purchased at the door. For more information,
visit thebee.com.my.
Yannick Bovy
To celebrate 100 years of Nat King Cole, Yannick Bovy
will be performing his most famed classics, including
When I Fall In Love, Mona Lisa, Let’s Face The Music
and Dance, LOVE, Unforgettable, and many more.
Known as one of the greatest crooners who lived, Cole’s
music has proved to be timeless. Bovy, a crooner from
Belgium, will tackle Cole’s repertoire in conjunction
with his new album, Yannick Bovy Celebrates Nat King
Cole. With some raving reviews, the evening promises
to be unforgettable. This performance will take place
today and tomorrow at 8.30pm. Tickets are RM80,
RM150, RM250, RM380 and RM480 at Istana Budaya,
Jalan Tun Razak, Titiwangsa, Kuala Lumpur. For more
information, visit milestone-entertainment.com
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
04.10.19 to 06.10.19
1 Dance show
The Haydn and Handel Organ Concertos
Dewan Filharmonik Petronas’ Klais Pipe Organ will be
accompanied by the Malaysian Philharmonic Orchestra
for The Haydn and Handel Organ Concertos. Performing
the concertos by these legendary musicians is the ac-
complished organist Gunther Rost. The conductor Jane
Glover will transport you through the classical melodies,
including Haydn’s Organ Concerto Hob. XVIII:5 C Major,
Handel’s Organ Ceoncerto OP.7/1, Mozart’s Symphony No
36 “Linz” and Symphony No 31 “Paris”. This incredible
performance will take place tomorrow and on Sunday at
8.30pm and 3pm respectively. Tickets are RM56, RM84,
RM113 and RM141. Dewan Filharmonik Petronas, Lev-
el Two, Tower Two, Petronas Twin Towers, KLCC, Kuala
Lumpur. To purchase tickets, visit mpo.com.my.
Extravadanza
The Cempaka Voices In Concert return with their
popular show Extravadanza for two nights only.
The performance includes an incredible lineup of
dance genres, including contemporary, jazz, folk,
broadway and many more. Accompanying the danc-
ers are instrumental performances, show choir, a
cappella and vocals. Showing today and tomorrow
at 8pm and tickets are RM75 each. For enquries,
call (017) 372 8831 or email enquiry@cpac.com.my.
 live it! 23
FRIDAY O CTOB E R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

2 shows
comedy 2 percussion performances

Freddy Quinne Taksu: The Spirit of Gamelan

One of the biggest club comics from the UK is gracing the Hands Percussion Malaysia continues to preserve
Crackhouse stage for a night to remember. Freddy Quinne’s and reinvent local traditional art and music with
unique voice, powerful punchlines and amazing energy their new concert Taksu: The Spirit of Gamelan.
will have you enthralled. All the way from Manchester, They combine Chinese drums with Malay and
Quinne is a coveted comedian with a unique sense of hu- Balinese gamelan for a musical adaptation of
mour. Showing today and tomorrow at 9pm. Tickets are literary works that reflect their personal jour-
RM50 online or RM60 at the door. Crackhouse Comedy ney’s as artists. Having previously performed
Club Kuala Lumpur, 1st Floor, 24A, Lorong Rahim Kajai the gamelan at their 2011 concert Ri Yue Chu
14, Taman Tun Dr Ismail, Kuala Lumpur. For more infor- Yin, Hands Percussion is broadening their skill
mation, visit the club’s Facebook page @CrackhouseKL. under the artistic direction of one of Bali’s most
gifted musicians, I Wayan Sudirana and gifted
Malaysian actor Ghafir Akbar. Taksu is on today
at 8.30pm, tomorrow at 3pm and 8.30pm, and
on Sunday at 3pm. Tickets are RM88, RM138,
RM188 and RM238. Pentas 1, KLPAC, Sentul
Park, Jalan Strachan, Kuala Lumpur. For book-
ings, visit klpac.org.

Laguku 2.0
Orang Orang Drum Theatre presents its fifth
production Laguku 2.0. The core of the perfor-
mance is percussion, with additional creative
Nigel Ng elements to bring it to life. Said to be a piece
Malaysian stand-up comedian Nigel Ng visits from that everyday observations and perceptions
London for a great show. He made his TV debut in 2018 into a visual and auditory exploration, Lagu-
on Comedy Central’s Rob Delaney’s Stand Up Central ku 2.0 comes four years after its predecessor
and then was on Comedy Central’s Roast Battle. His Laguku. Catch Orang Orang Drum Theatre’s
show Culture Shocked was an incredible sellout at the creative and energetic performance at 8.30pm
Edinburgh Fringe Festival and he was nominated for today, and at 3pm and 8.30pm tomorrow and
the Best Newcomer Award. He performs tomorrow at on Sunday. Tickets are RM68 at Damansara
8.30pm. Tickets are RM50 or RM60 at the door. The Joke Performing Arts Centre (DPAC) at H-01, DPAC,
Factory, Lot 26, Level G3, Publika Shopping Gallery, Empire Damansara, Jalan PJU 8/8, Damansara
Jalan Dutamas 1, Solaris Dutamas, Kuala Lumpur. To Perdana, Petaling Jaya. For more information,
purchase tickets, visit thejokefactory.com.my. visit orangorang.wixsite.com or dpac.com.my.

2 creative workshops
Watercolour forest workshop
Are you a watercolour enthusiast or do you want to learn how to take up this beau-
tiful art? Try the watercolour forest workshop by The Craft Crowd. Learn how to
paint a beautiful forest scene with guidance. All materials are included and so is
lunch. The price for this workshop is RM165 per person. It will take place on Sunday
at The Craft Crowd, 16, Jalan Telawi 9, Bangsar, Kuala Lumpur. For more informa-
tion, email thecraftcrowd@gmail.com or visit thecraftcrowd.com.

Natural household cleaning workshop

Learn how to make your own cleaning products at The Hive Bangsar. Your in-
structor Kim will take you through environmentally-friendly options that will
not break the bank; in fact, they save you some money. These products are also
allergen-free, so you stay safe in the process. You are encouraged to bring your
own bottles for the products you make. At the end you will go home with 250ml
of dishwashing liquid, 250ml of handwash and 250ml of a multipurpose cleanser
spray. The workshop is RM95 per person. The Hive Bulk Foods, 92A, Lorong Maarof,
Bangsar Park, Kuala Lumpur. For more information, visit thehivebulkfoods.com.
2 4 S P O RT S
Superb Willian
strike earns
Chelsea victory
at Lille
BY JU LI EN PRETOT
LILLE: A brilliant late strike by
Willian earned an otherwise
unimpressive Chelsea a 2-1 win
at Lille in Champions League
Group H on Wednesday.
The Brazilian volleyed
home with 12 minutes left on
his 300th Chelsea appearance
after Tammy Abraham’s open-
er had been cancelled out by
Lille’s Victor Osimhen in the
first half.
Chelsea are third on three
points behind second-placed
Valencia who beat the Premier
League side in the opening
round of matches.
Ajax Amsterdam top the
standings with a maximum
six points after they claimed
a 3-0 win at Valencia and Lille
are bottom without a point.
“We knew we needed to
win. I knew I would get a
chance and I took it well. Nev-
er an easy place and Willian
scored a worldie — no sur-
prise there,” said Abraham, as
coach Frank Lampard noted
that Chelsea still had a long
way to go.
“Having lost against Valen-
cia, it made this a more impor-
tant game. This is such a tough
place,” Lampard said. “They
were quick on the counter-at-
tack and our performance was
really good. — Reuters
Suarez double
as Barca
fight back
to sink Inter
BY R I C H A RD MA RT I N
BARCELONA: Luis Suarez
scored two classy goals to in-
spire Barcelona to a 2-1 come-
back win over Inter Milan in
the Champions League on
Wednesday and inflict a first
defeat on Antonio Conte since
he took charge of the Italians.
Inter, who lead Serie A af-
ter winning all six domestic
games under Conte, pro-
duced a wonderful first-half
display and took the lead in
the second minute through
Argentine forward Lautaro
Martinez.
Barca had struggled to get
going but looked more like
their usual dominant selves
on European nights at the
Camp Nou after the break
and deservedly pulled level
in the 58th minute through a
superb swivelling volley from
Suarez.
The win put Barca second in
Group F with four points from
two games, the same as leaders
Borussia Dortmund who won
2-0 at Slavia Prague. Inter have
one point. — Reuters
Asher-Smith seizes
golden opportunity
British runner wins the world championship 200 metres
BY STEV E KEATING
DOHA: Dina Asher-Smith seized
her golden opportunity to win the
world championship 200 metres on
Wednesday and became the first
British woman to claim a global
sprint title.
With many of the top medal con-
tenders pulling out or skipping the
event, Asher-Smith proved the class
act in the field, powering home in
a national record 21.88 seconds
to add gold to the silver she won
in the 100m.
“You’re only the favourite if you
go out and perform how people
expect you to and I was really fo-
cused on putting together a good
race,” said Asher-Smith. “I dreamt
of this but now it’s real.
“I know I was tired and woke
up today (Wednesday) knowing
this was the last individual chance
Liverpool win seven-goal thriller
after stunning Salzburg fightback
BY SIM ON EVANS
LIVERPOOL: European champions
Liverpool gave up a three-goal lead
to Austria’s Salzburg before recov-
ering to win 4-3 in an enthralling
Champions League Group E match
at Anfield on Wednesday.
Mohamed Salah, who scored
twice, grabbed the 69th-minute
winner for Liverpool after Salz-
burg, managed by American Jesse
Marsch, had stunned Anfield with
three goals either side of halftime
to make it 3-3.
While Liverpool will be relieved
to have avoided their first home
and this was the moment I did all
my work for,” she added.
“This is what we knew we could
achieve if the season went well and
the tiredness just disappeared when
I needed it to. It’s a different thing
with everyone saying you’re the
favourite but it’s a different thing
going and doing it.”
The once mighty US, who had
been a non-factor in the women’s
sprints here, also benefitted from
the scratches as Brittany Brown
grabbed the silver in 22.22.
Switzerland’s Mujinga Kambun-
dji completed the podium by grab-
bing bronze in 22.51.
The fight for medals was blown
wide open when some of sprinting’s
biggest names withdrew during the
earlier rounds.
The race was missing the reign-
ing world and Olympic champions
in Dutchwoman Dafne Schippers
defeat in the Premier League or
Champions League since April
2017, there will be concern about
the performance of their defence,
which was exposed by the lively
Salzburg attack.
Salzburg, who beat Belgium’s
Genk 6-2 in their opening game
in the group, were applauded off
the field by their travelling fans,
recognition for their spirit and the
enterprising, positive football they
played against Juergen Klopp’s side.
Liverpool, beaten 2-0 by Napo-
li in their opening game, quickly
took charge, taking the lead in the
ninth minute with a beautiful-
FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Asher-Smith
(front) winning
the women’s
200 metres
during the IAAF
World Athletics
Championships
at the Khalifa
International
Stadium in
Doha, Qatar
on Wednesday.
Photo by Reuters
and Jamaica’s Elaine Thompson
who withdrew due to injuries.
Shaunae Miller-Uibo of Baha-
mas, owner of the fastest time this
season, elected to race the 400m
only due to scheduling issues.
The world 100m champi-
on Shelly-Ann Fraser-Pryce and
bronze medallist Marie-Josee Ta
Lou scratched because of soreness
from earlier races while Nigeria’s
Blessing Okagbare, who had run
the third fastest time this season,
was disqualified in her heat.
None of that mattered to Ash-
er-Smith who was focused on making
history, the 23-year-old blasting out of
the blocks and in command coming
off the bend before cruising to victory.
“Whenever I finish a champi-
onship, I always want to be able
to look back and say I absolutely
gave everything that I could have.”
— Reuters
ly-worked goal from Sadio Mane.
The Senegalese left two defend-
ers in his wake as he cut in from
the left and then drove home af-
ter a crisp exchange with Roberto
Firmino.
Left back Andy Robertson made
it 2-0 in the 25th minute, starting
the move with a burst down the
flank and then staying forward to
apply a deft finish to Trent Alexan-
der-Arnold’s low cross.
Salah then made it 3-0, turning
the ball in after Salzburg keeper
Cican Stankovic had pushed away
an angled header from Firmino.
— Reuters
IN BRIEF
UK’s Johnson-Thompson
leads heptathlon after
four events
DOHA: Britain’s Katarina John-
son-Thompson produced two
personal bests as she made a
superb start to the heptathlon
at the world athletics champion-
ships on Wednesday, opening
a 96-point lead over defending
champion Nafissatou Thiam
after four events. The 26-year-
old Johnson-Thompson took an
early lead after running a life-
time best of 13.09 seconds in the
100m hurdles, before matching
Thiam with a clearance of 1.95m
in the high jump. The Belgian
briefly reclaimed top spot with
a 15.22-metre throw in the shot
put, but Johnson-Thompson
kept in touch with a personal
best of 13.86 metres. — Reuters
IOC plans boxing
qualifiers with the help
of suspended Aiba
LAUSANNE: The Internation-
al Olympic Committee (IOC)
has been cooperating with box-
ing’s suspended international
federation Aiba as the Olympic
body plans the sport’s qualifiers
and tournament at next year’s
Tokyo 2020 Games. The IOC
in June officially took over the
boxing qualification and com-
petition for the Tokyo Games,
suspending the international
boxing federation Aiba over is-
sues surrounding its finances
and governance. “[A lot] is still
going on. We have just enough
time for this project. There is a
lot that needs to be done but a
lot has been done already,” IOC
sports director Kit McConnell
told reporters on Wednesday.
— Reuters
Liverpool fined for
fielding ineligible player
in League Cup victory
BENGALURU: Liverpool were
fined £200,000 (RM1.32 mil-
lion) for fielding an ineligible
player in their League Cup
third-round victory over MK
Dons last week but avoided ex-
pulsion from the competition,
the English Football League
(EFL) said on Wednesday.
Spaniard Pedro Chirivella, who
was a second-half substitute in
the 2-0 win, did not have inter-
national clearance, following
the expiry of his loan agree-
ment last season with Span-
ish club Extremadura, the EFL
said. — Reuters
Holloway glides to gold
as McLeod tumbles
DOHA: Grant Holloway of the US
blazed to his first 110 metres hur-
dles world title on Wednesday in
a dramatic race in which defend-
ing champion Omar McLeod fell.
The 21-year-old Holloway, who
came into the championships
with the season’s fastest run of
12.98 seconds, smoothly glided
through 10 hurdles to cross the
line in 13.10, five hundredths of
a second ahead of Sergey Shu-
benkov. “The race was a bless-
ing,” Holloway said. “My goal
was just to come out here and
execute each and every round.
I felt like I did that.” — Reuters
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.300 0.565 1.030 0.910 7168 PRG 0.975 0.005 10633 0.966 — — 353.9
Sectorial Movement 0.855 0.410 0.830
0.305 0.190 0.205
0.790
0.200
8966
0186
PRLEXUS
PTRANS
0.820
0.205
0.010
UNCH
2128.5
545.1
0.813 23.70
0.201 7.98
1.83
4.63
148.4
291.7
0.907 0.677 0.730 0.690 7134 PWF 0.730 0.005 19 0.707 9.66 3.42 127.0
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 2.140 1.319 2.110 2.100 7237 PWROOT 2.100 -0.020 348.6 2.101 26.35 3.95 848.2
FBM KLCI 1,564.12 -10.78 -0.68 CONSTRUCTION 200.91 -2.40 -1.18 7.575 5.986 7.180 7.100 7084 QL 7.100 -0.080 267.3 7.135 51.52 0.63 11,519.3
0.420 0.260 — — 9946 REX 0.280 — — — — — 69.1
FBM ACE 4,555.53 39.49 0.87 CONSUMER PRODUCTS & SERVICES 639.75 -4.02 -0.62 0.238 0.170 0.175 0.170 0037 RGB 0.170 -0.005 293.3 0.172 7.69 4.12 263.2
FBM TOP 100 10,906.60 -74.44 -0.68 ENERGY 1,091.83 -2.49 -0.23 0.845 0.652 0.735 0.660 5278 RHONEMA 0.735 0.035 89.4 0.674 14.91 4.08 134.2
FBM EMAS 11,077.29 -72.64 -0.65 FINANCIAL SERVICES 15,079.34 -143.97 -0.95 0.835 0.276 0.835 0.755 0183 SALUTE 0.830 0.060 9412.2 0.811 — 2.89 322.0
0.290 0.165 0.170 0.165 5252 SASBADI 0.165 UNCH 259.3 0.166 86.84 — 69.2
FBM MID 70 13,794.88 -91.26 -0.66 HEALTH CARE 1,249.83 -2.56 -0.20 0.400 0.260 — — 5157 SAUDEE 0.265 — — — 77.94 — 36.4
FBM MIDS CAP 14,091.26 40.02 0.28 INDUSTRIAL PRODUCTS & SERVICES 152.17 -0.40 -0.26 0.675 0.592 0.640 0.630 9792 SEG 0.640 0.005 373.6 0.635 18.50 4.30 809.3
FBM SMALL CAP 13,006.21 -8.84 -0.07 PLANTATION 6,636.28 -33.05 -0.50 1.560 1.199 1.450 1.440 5250 SEM 1.440 -0.010 876.4 1.441 30.06 1.67 1,776.1
0.805 0.440 0.805 0.790 7180 SERNKOU 0.800 UNCH 1871.9 0.797 16.60 — 192.0
FBM FLEDGLING 14,116.86 20.22 0.14 PROPERTY 765.07 -3.46 -0.45 5.900 4.770 — — 5517 SHANG 5.150 — — — 36.71 2.91 2,266.0
FTSE4GOOD BURSA M’SIA 871.31 -6.00 -0.68 REAL ESTATE INVESTMENT TRUSTS 1,002.51 -1.56 -0.16 0.690 0.415 — — 7412 SHH 0.480 — — — — — 24.0
TECHNOLOGY 35.81 0.19 0.53
0.565 0.315 — — 7246 SIGN 0.475 — — — 47.50 3.16 114.1
FBM PALM OIL PLANTATION MYR 11,487.39 134.45 1.18
2.555 1.952 2.300 2.250 4197 SIME 2.290 0.010 3320.3 2.279 16.36 3.93 15,573.9
FBM EMAS SHARIAH 11,665.83 -53.55 -0.46 TELECOMMUNICATION & MEDIA 700.26 -5.16 -0.73 0.455 0.145 0.175 0.145 8532 SINOTOP 0.175 0.010 107.8 0.149 145.83 — 69.1
FBM HIJRAH SHARIAH 12,937.83 -59.02 -0.45 TRANSPORTATION & LOGISTICS 768.65 2.74 0.36 0.250 0.105 0.145 0.145 9776 SMCAP 0.145 UNCH 55.2 0.145 — — 31.0
0.295 0.210 — — 7943 SNC 0.235 — — — — — 15.5
FBM MIDS CAP SHARIAH 13,460.23 20.90 0.16 UTILITIES 974.71 -3.37 -0.34 0.345 0.200 0.335 0.300 5242 SOLID 0.335 0.025 672.8 0.324 57.76 0.60 131.5
2.400 1.965 2.240 2.110 7103 SPRITZER 2.190 UNCH 5.6 2.193 17.45 1.60 459.9
0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6

Bursa Malaysia Main Market 0.775 0.500 0.650

0.253 0.170 0.195
0.420 0.240 —
0.630
0.190
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.650
0.195
0.240
UNCH
0.005
—
32.9
30
—
0.634
0.193
—
—
—
—
—
6.41
—
118.5
120.8
19.2
1.702 1.294 — — 4405 TCHONG 1.350 — — — 7.06 2.96 907.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.550 0.695 — — 7439 TECGUAN 1.040 — — — 4.13 — 41.7
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.335 0.210 0.245 0.235 7200 TEKSENG 0.235 -0.015 102.6 0.240 — — 81.8
CONSUMER PRODUCTS & SERVICES 1.391 0.697 1.160 1.120 7252 TEOSENG 1.160 0.030 1031.2 1.145 6.75 4.74 348.0
0.985 0.700 0.815 0.805 0012 3A 0.815 -0.005 12 0.813 11.26 2.45 401.0 1.200 0.866 — — 9369 TGL 1.150 — — — 7.45 4.35 46.9
0.315 0.160 0.165 0.160 5238 AAX 0.165 UNCH 1390.4 0.161 — — 684.4 0.588 0.440 — — 7230 TOMEI 0.475 — — — 11.31 2.11 65.8
0.490 0.335 — — 7120 ACOSTEC 0.355 — — — — — 69.1 0.460 0.300 0.310 0.310 7176 TPC 0.310 -0.010 39 0.310 5.50 — 72.5
1.881 1.345 1.530 1.490 6599 AEON 1.510 -0.010 5366.4 1.504 17.74 2.65 2,120.0 5.988 4.177 4.830 4.730 4588 UMW 4.740 -0.110 159.4 4.749 15.47 1.58 5,537.7
0.185 0.115 0.125 0.120 7315 AHB 0.120 UNCH 141.6 0.120 13.95 — 21.1 2.305 1.977 2.190 2.170 7757 UPA 2.170 UNCH 6 2.173 16.90 3.69 172.7
2.404 1.950 2.170 2.130 7090 AHEALTH 2.160 UNCH 82 2.151 18.00 1.60 1,018.8 0.970 0.770 0.900 0.885 7240 VERTICE 0.900 UNCH 59.7 0.890 — — 169.9
2.157 1.309 1.740 1.690 5099 AIRASIA 1.700 -0.040 10847.9 1.708 9.89 14.12 5,681.4 1.253 0.910 0.930 0.910 7203 WANGZNG 0.930 -0.015 19.5 0.914 13.68 4.30 148.8
21.403 16.020 16.640 16.600 2658 AJI 16.600 -0.040 8.6 16.60 17.07 2.83 1,009.3 2.268 1.960 — — 5016 WARISAN 1.960 — — — — 2.04 131.7
6.765 5.391 5.800 5.780 6351 AMWAY 5.780 -0.030 13.7 5.799 13.93 3.46 950.1 0.145 0.070 0.085 0.080 5156 XDL 0.085 UNCH 4674.9 0.080 10.24 — 153.4
0.030 0.005 0.010 0.005 5194 APFT 0.005 UNCH 200.1 0.010 0.41 — 6.7 0.520 0.320 0.365 0.365 7121 XIANLNG 0.365 -0.025 13 0.365 — — 29.2
4.050 3.550 3.840 3.830 6432 APOLLO 3.830 -0.030 6.1 3.835 18.62 5.22 306.4 2.340 1.769 — — 5584 YEELEE 2.200 — — — 13.24 1.82 421.5
0.160 0.105 0.130 0.125 1481 ASB 0.125 UNCH 325.7 0.127 — 2.00 116.1 1.206 0.924 — — 5159 YOCB 0.985 — — — 6.90 4.57 157.6
0.570 0.325 — — 7722 ASIABRN 0.510 — — — 10.85 — 118.7 3.272 2.210 2.310 2.280 7178 YSPSAH 2.280 -0.030 28.3 2.293 12.91 3.07 318.2
2.552 2.250 2.360 2.350 7129 ASIAFLE 2.350 -0.020 11.6 2.356 9.24 5.96 457.7 1.659 1.135 1.600 1.560 5131 ZHULIAN 1.580 -0.020 44.5 1.583 11.80 5.06 726.8
4.740 3.871 4.120 4.120 7048 ATLAN 4.120 -0.080 1 4.120 26.39 3.64 1,045.0 INDUSTRIAL PRODUCTS & SERVICES
0.325 0.115 0.120 0.120 8885 AVI 0.120 UNCH 20 0.120 — — 113.3 0.095 0.065 0.070 0.065 7086 ABLEGRP 0.070 -0.005 450.1 0.065 — — 18.5
0.170 0.160 — — 0301 BABA 0.170 — — — 3.92 — 38.2 0.605 0.350 0.520 0.520 7191 ADVENTA 0.520 -0.030 10 0.520 — — 79.4
37.306 18.240 18.580 18.240 4162 BAT 18.300 -0.300 607.9 18.33 12.24 7.81 5,225.2 2.250 1.740 2.110 2.110 9148 ADVPKG 2.110 UNCH 9 2.110 206.8 2.84 43.3
2.780 1.659 2.290 2.260 5248 BAUTO 2.270 -0.020 2615.4 2.275 10.10 6.61 2,640.8 0.140 0.080 — — 7146 AEM 0.105 — — — — — 34.6
1.799 1.264 1.440 1.440 5196 BJFOOD 1.440 UNCH 41.3 1.440 23.26 2.78 550.3 0.710 0.385 — — 5198 AFUJIYA 0.520 — — — 19.19 — 93.6
0.305 0.150 0.205 0.190 4219 BJLAND 0.200 UNCH 6145.5 0.199 7.84 — 1,000.1 0.335 0.200 0.225 0.225 2682 AISB 0.225 -0.020 7.2 0.225 — — 32.5
2.780 1.908 2.560 2.510 1562 BJTOTO 2.560 -0.010 1402.5 2.533 19.47 6.25 3,458.6 0.630 0.395 0.400 0.395 7609 AJIYA 0.400 0.005 10 0.396 5.54 — 121.8
0.353 0.201 0.250 0.240 9288 BONIA 0.250 0.005 316.6 0.244 10.82 2.00 201.6 0.895 0.420 0.490 0.480 2674 ALCOM 0.490 -0.005 10.6 0.485 23.90 — 65.8
0.285 0.055 0.165 0.160 9474 BRAHIMS 0.165 UNCH 863.6 0.161 — — 39.0 1.293 0.920 1.100 1.100 7083 ANALABS 1.100 -0.020 160.8 1.100 31.25 1.82 132.1
0.848 0.400 0.460 0.430 7174 CAB 0.455 0.010 724.3 0.448 23.10 1.10 299.7 0.614 0.440 0.470 0.460 4758 ANCOM 0.465 -0.005 61.9 0.467 6.77 — 112.0
0.595 0.320 0.470 0.440 7154 CAELY 0.460 -0.010 478.4 0.451 73.02 1.09 75.5 1.814 1.110 1.200 1.170 6556 ANNJOO 1.200 0.010 281.8 1.191 27.84 10.00 671.9
0.295 0.210 — — 7128 CAMRES 0.250 — — — 19.38 — 49.2 0.055 0.025 0.030 0.025 9342 ANZO 0.030 UNCH 102 0.025 — — 26.4
2.300 1.500 2.010 2.010 5245 CARING 2.010 UNCH 6.4 2.010 21.09 2.99 437.6 0.835 0.495 — — 5568 APB 0.500 — — — — — 56.4
26.790 16.463 26.280 25.960 2836 CARLSBG 26.100 UNCH 149.7 26.10 27.97 3.55 7,980.0 3.342 2.310 2.320 2.310 5015 APM 2.320 0.010 2.1 2.315 11.63 5.17 467.7
2.000 1.230 — — 2925 CCB 1.390 — — — — — 140.0 0.630 0.475 — — 7214 ARANK 0.505 — — — 6.98 4.59 85.6
0.818 0.355 0.525 0.495 7035 CCK 0.520 0.020 2657.1 0.513 13.94 2.40 328.0 0.605 0.205 0.315 0.305 7181 ARBB 0.310 UNCH 1198.9 0.309 1.65 — 72.8
0.380 0.270 — — 7209 CHEETAH 0.290 — — — 90.63 1.38 37.0 0.778 0.581 — — 7162 ASTINO 0.690 — — — 7.93 1.45 189.1
1.850 1.210 1.350 1.320 2828 CIHLDG 1.320 0.030 74 1.322 11.22 7.58 213.8 1.826 1.301 1.370 1.350 8176 ATAIMS 1.370 0.030 766.2 1.354 14.88 2.40 1,650.0
0.095 0.060 0.065 0.060 5104 CNI 0.065 UNCH 171.9 0.062 — 4.62 46.8 0.810 0.410 — — 7099 ATTA 0.415 — — — 17.58 — 88.5
0.065 0.025 — — 5188 CNOUHUA 0.040 — — — — — 26.7 0.908 0.580 0.605 0.595 7579 AWC 0.600 -0.005 20.6 0.598 8.44 1.25 177.9
2.140 1.800 1.890 1.890 7205 COCOLND 1.890 0.010 3 1.890 12.86 3.17 432.4 0.387 0.255 — — 5021 AYS 0.295 — — — 10.77 6.78 112.2
0.085 0.005 0.060 0.060 0301 CRG 0.060 UNCH 1 0.060 11.11 — 48.3 1.400 1.120 1.280 1.210 8133 BHIC 1.280 -0.020 0.5 1.238 — 2.73 318.0
1.199 0.981 1.020 1.020 7202 CSCENIC 1.020 UNCH 1.2 1.020 15.79 6.86 122.9 0.515 0.260 — — 7005 BIG 0.285 — — — 14.39 — 13.7
0.540 0.400 — — 9423 CWG 0.435 — — — 10.58 3.45 54.9 0.160 0.110 0.115 0.115 6998 BINTAI 0.115 -0.005 5 0.115 2.90 — 33.3
0.040 0.025 0.030 0.025 7179 DBE 0.025 -0.005 2826.7 0.030 — — 67.0 0.325 0.225 0.235 0.225 3395 BJCORP 0.235 UNCH 10688 0.232 — — 1,225.5
1.050 0.760 1.040 1.030 7119 DEGEM 1.040 0.010 9 1.038 34.10 0.96 139.4 0.766 0.485 0.555 0.550 0168 BOILERM 0.555 UNCH 48 0.552 10.18 3.60 286.4
3.218 2.062 2.520 2.500 5908 DKSH 2.500 -0.030 43 2.510 12.81 4.00 394.1 0.060 0.040 0.050 0.045 7036 BORNOIL 0.045 UNCH 34681 0.045 — — 240.3
64.500 56.200 59.000 58.300 3026 DLADY 58.300 -1.200 1.6 58.65 32.25 1.72 3,731.2 1.350 0.865 — — 6297 BOXPAK 1.100 — — — — — 132.1
1.480 0.898 1.410 1.390 7148 DPHARMA 1.410 0.010 244.3 1.395 17.01 3.55 959.0 1.128 0.833 — — 5100 BPPLAS 0.985 — — — 8.83 5.58 184.9
2.962 1.580 2.370 2.330 1619 DRBHCOM 2.340 -0.050 3348.4 2.351 19.20 1.28 4,523.8 0.220 0.140 — — 9938 BRIGHT 0.185 — — — — — 38.0
0.150 0.075 0.085 0.085 2097 EASTLND 0.085 UNCH 240 0.085 — — 25.1 0.445 0.260 0.315 0.290 7221 BSLCORP 0.300 -0.005 5.4 0.314 15.71 — 29.4
0.652 0.512 — — 5081 EIG 0.565 — — — 14.56 5.31 134.0 1.874 0.995 1.020 1.010 2771 BSTEAD 1.020 0.010 305 1.014 — 4.90 2,067.5
0.075 0.035 — — 7182 EKA 0.045 — — — — — 14.0 0.175 0.070 0.095 0.090 7188 BTM 0.095 UNCH 197.9 0.093 — — 13.4
0.215 0.150 0.155 0.150 9091 EMICO 0.155 UNCH 22 0.155 13.25 — 16.4 3.941 1.807 3.220 3.200 5105 CANONE 3.220 0.020 24.3 3.212 4.13 1.24 618.7
0.130 0.090 — — 0302 ENEST 0.130 — — — 18.84 — 60.5 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.120 0.797 1.030 0.950 7149 ENGKAH 1.030 0.080 58.9 0.950 9.41 5.83 72.9 1.354 0.810 0.815 0.810 7076 CBIP 0.815 UNCH 17.7 0.814 22.70 4.91 438.7
0.195 0.155 — — 0302 ETH 0.190 — — — — — 46.7 2.168 1.480 — — 2879 CCM 1.710 — — — 12.79 3.51 286.8
0.200 0.080 0.095 0.090 7208 EURO 0.095 -0.005 110 0.091 — — 25.4 0.845 0.400 0.510 0.475 8435 CEPCO 0.510 0.020 18.6 0.482 — — 38.1
0.700 0.320 — — 7094 EUROSP 0.410 — — — — — 18.2 0.290 0.260 — — 0302 CETECH 0.285 — — — 17.70 0.35 98.6
37.215 28.688 34.340 33.200 3689 F&N 34.000 UNCH 455.2 33.93 29.46 1.69 12,470.5 1.360 0.900 — — 8044 CFM 1.110 — — — — — 45.5
0.959 0.620 — — 2755 FCW 0.620 — — — 43.66 16.13 155.0 0.660 0.420 — — 8052 CGB 0.525 — — — — — 47.3
0.505 0.428 0.485 0.485 6939 FIAMMA 0.485 -0.015 10 0.485 7.13 4.64 247.4 0.435 0.265 — — 7187 CHGP 0.290 — — — 42.03 — 86.2
0.523 0.277 0.385 0.360 8605 FIHB 0.385 0.025 35.4 0.360 5.00 — 42.0 0.898 0.610 0.770 0.765 5273 CHINHIN 0.770 -0.005 138.9 0.765 17.62 3.25 428.4
1.955 1.247 1.650 1.640 9172 FPI 1.640 -0.010 53 1.644 10.22 6.10 405.7 1.936 1.508 1.670 1.660 5007 CHINWEL 1.670 -0.010 27.5 1.663 8.52 4.70 500.2
3.220 0.680 3.220 3.140 7184 G3 3.190 0.010 294.3 3.169 — — 1,324.0 1.691 1.320 1.440 1.380 5797 CHOOBEE 1.440 0.060 10.8 1.381 14.02 3.47 189.6
4.380 1.998 4.380 4.120 5102 GCB 4.360 0.190 1811.4 4.286 9.39 0.69 2,198.2 0.500 0.221 0.370 0.370 7016 CHUAN 0.370 UNCH 1 0.370 6.56 2.97 62.4
0.520 0.400 — — 5592 GCE 0.470 — — — — 4.26 92.6 0.045 0.035 — — 7018 CME 0.035 — — — — — 20.4
4.784 2.604 3.020 2.980 4715 GENM 2.990 -0.040 18700 2.999 — 3.68 17,754.8 3.824 2.260 2.720 2.580 2852 CMSB 2.590 -0.150 2556.7 2.635 12.99 2.86 2,782.6
7.870 5.690 5.730 5.690 3182 GENTING 5.690 -0.050 3765.6 5.702 14.23 2.55 22,059.5 0.545 0.365 — — 7986 CNASIA 0.460 — — — 30.87 — 23.0
0.415 0.100 0.150 0.145 5079 GETS 0.150 -0.005 1268.3 0.147 — — 18.9 1.370 0.735 0.945 0.935 5071 COASTAL 0.940 UNCH 143.8 0.941 34.18 — 500.0
0.165 0.105 0.120 0.115 0136 GREENYB 0.120 UNCH 43.1 0.115 8.39 — 40.0 0.175 0.045 0.070 0.070 7195 COMCORP 0.070 -0.005 90 0.070 — — 9.8
3.736 2.110 2.260 2.210 7668 HAIO 2.250 0.010 264 2.239 14.69 5.78 675.7 0.981 0.741 0.780 0.770 2127 COMFORT 0.780 UNCH 35.7 0.773 13.71 1.92 454.7
3.780 3.227 — — 5008 HARISON 3.700 — — — 10.84 5.41 253.4 0.030 0.015 0.025 0.020 5037 COMPUGT 0.020 -0.005 416.3 0.020 — — 49.5
0.135 0.055 — — 5187 HBGLOB 0.060 — — — 1.81 — 28.1 1.194 0.939 0.995 0.985 5094 CSCSTEL 0.990 0.005 44.1 0.991 20.16 4.04 376.2
24.763 16.724 24.120 23.820 3255 HEIM 23.860 -0.260 19.9 23.89 24.24 4.02 7,208.1 0.605 0.350 — — 7157 CYL 0.380 — — — 475.0 — 38.0
11.600 8.153 10.340 10.280 3301 HLIND 10.280 -0.080 1.7 10.32 9.86 3.89 3,370.9 0.400 0.280 — — 5082 CYMAO 0.280 — — — — — 21.0
0.727 0.545 0.660 0.640 5160 HOMERIZ 0.645 -0.015 311.5 0.645 8.08 5.43 193.5 1.736 1.250 1.360 1.330 5184 CYPARK 1.350 -0.020 299.7 1.348 7.71 2.89 631.0
1.025 0.871 0.920 0.905 5024 HUPSENG 0.905 -0.015 176.3 0.907 17.21 6.63 724.0 2.370 1.550 1.850 1.800 8125 DAIBOCI 1.820 UNCH 17.6 1.818 54.65 1.84 596.8
0.375 0.235 — — 8478 HWATAI 0.240 — — — — — 18.0 0.655 0.361 0.490 0.485 5276 DANCO 0.490 UNCH 5.8 0.486 9.25 3.57 149.0
0.490 0.200 0.300 0.295 9113 ICONIC 0.300 UNCH 2333.5 0.298 — — 97.1 0.355 0.120 0.185 0.180 7212 DESTINI 0.185 -0.005 913.2 0.185 — — 213.7
0.080 0.020 0.030 0.025 7243 IMPIANA 0.030 UNCH 1596 0.030 — — 167.9 0.755 0.325 0.380 0.370 7114 DNONCE 0.380 UNCH 66 0.376 — — 99.3
1.490 0.770 — — 5107 IQGROUP 0.790 — — — — — 69.5 0.280 0.080 0.165 0.160 5835 DOLMITE 0.165 0.010 56 0.160 — — 47.0
0.070 0.030 0.055 0.055 7223 JADI 0.055 UNCH 40 0.055 11.00 — 57.0 0.170 0.070 0.095 0.090 5265 DOLPHIN 0.095 UNCH 38 0.090 — — 23.2
1.100 0.770 1.080 1.030 7152 JAYCORP 1.060 0.030 420.8 1.051 7.26 5.19 145.5 1.305 1.162 1.300 1.300 7169 DOMINAN 1.300 UNCH 3.6 1.300 9.41 5.38 214.8
0.420 0.325 — — 8931 JERASIA 0.325 — — — 11.78 3.08 26.7 2.940 1.823 2.940 2.850 7233 DUFU 2.900 0.030 2033.3 2.908 15.82 1.24 763.3
1.555 0.788 1.380 1.360 7167 JOHOTIN 1.380 UNCH 65.3 1.371 9.31 4.71 428.4 2.000 0.485 0.530 0.510 7165 DWL 0.525 -0.005 193.5 0.514 — — 122.2
0.380 0.260 0.310 0.270 8672 KAMDAR 0.310 0.050 0.3 0.297 — — 61.4 0.380 0.075 0.080 0.075 5178 DYNACIA 0.080 UNCH 250 0.078 — — 38.4
0.758 0.375 0.415 0.405 5247 KAREX 0.410 -0.005 1103.9 0.410 157.69 1.22 411.0 3.520 2.235 3.400 3.380 1368 EDGENTA 3.400 UNCH 138.4 3.397 18.54 4.12 2,827.5
2.064 1.180 1.250 1.240 7216 KAWAN 1.240 UNCH 20.3 1.240 26.22 2.02 445.8 0.260 0.165 — — 0064 EFFICEN 0.170 — — — — — 120.6
0.225 0.080 — — 8303 KFM 0.140 — — — — — 9.6 0.540 0.355 0.385 0.380 8907 EG 0.380 -0.005 102.5 0.380 7.92 — 104.5
0.656 0.165 0.265 0.245 6203 KHEESAN 0.255 UNCH 1447.9 0.254 5.72 3.92 29.2 1.565 1.158 1.350 1.350 5208 EITA 1.350 UNCH 10 1.350 8.43 4.44 175.5
1.800 1.400 — — 7062 KHIND 1.540 — — — 32.63 — 61.7 0.990 0.710 — — 9016 EKSONS 0.750 — — — — 6.67 123.2
1.940 1.566 — — 0002 KOTRA 1.840 — — — 11.42 3.26 265.1 0.565 0.340 — — 7217 EMETALL 0.360 — — — 100 — 67.8
0.995 0.295 0.995 0.985 7130 KPOWER 0.990 UNCH 4371.6 0.988 471.43 — 75.4 0.996 0.580 0.600 0.595 5056 ENGTEX 0.600 -0.010 177.4 0.600 — 1.25 266.0
0.120 0.055 0.080 0.080 5172 KSTAR 0.080 UNCH 1868 0.080 — — 34.1 0.470 0.315 — — 7773 EPMB 0.370 — — — — — 61.4
0.195 0.050 0.080 0.075 4847 KTB 0.080 UNCH 369.5 0.075 — — 32.2 0.580 0.245 0.250 0.250 5101 EVERGRN 0.250 UNCH 465.3 0.250 — 1.92 211.6
0.630 0.410 — — 1643 LANDMRK 0.480 — — — — — 253.9 1.380 1.050 1.310 1.300 2984 FACBIND 1.300 UNCH 22 1.302 98.48 — 110.7
4.065 2.850 3.130 3.000 7006 LATITUD 3.050 -0.040 197.5 3.046 15.34 1.97 296.5 2.850 2.091 2.690 2.660 7229 FAVCO 2.670 UNCH 43.1 2.672 7.23 5.06 595.6
0.654 0.325 0.425 0.420 9385 LAYHONG 0.425 UNCH 1683 0.422 32.44 1.18 280.6 0.320 0.305 — — 0302 FBBHD 0.320 — — — 26.67 — 69.1
1.051 0.575 0.580 0.575 8079 LEESK 0.575 UNCH 63.6 0.580 9.43 4.35 96.5 0.580 0.330 0.360 0.350 0149 FIBON 0.350 -0.060 20 0.355 12.11 2.06 34.3
1.161 0.702 0.890 0.850 6633 LHI 0.890 0.030 6310.7 0.875 16.24 — 3,248.5 1.886 1.630 1.740 1.730 3107 FIMACOR 1.730 -0.030 18 1.734 7.53 7.23 424.3
3.190 2.438 3.180 3.120 7089 LIIHEN 3.160 -0.030 74 3.149 7.94 4.91 568.8 0.560 0.365 0.390 0.380 9318 FITTERS 0.385 -0.005 1371 0.385 10.24 — 185.0
0.630 0.095 0.105 0.095 7126 LONBISC 0.100 -0.005 5093.6 0.100 32.26 — 29.1 1.810 1.000 1.080 1.080 5197 FLBHD 1.080 0.010 24 1.080 6.70 13.43 115.3
1.378 0.768 1.360 1.340 7085 LTKM 1.340 UNCH 15 1.353 7.47 1.49 174.3 0.420 0.199 0.410 0.380 5277 FPGROUP 0.410 0.020 9946.8 0.400 17.98 2.44 213.3
6.760 3.767 6.760 6.610 7087 MAGNI 6.740 0.050 605.4 6.710 9.87 2.08 1,096.8 1.040 0.415 — — 7197 GESHEN 0.530 — — — — — 42.4
2.880 1.659 2.740 2.670 3859 MAGNUM 2.690 -0.080 1664.3 2.697 27.99 6.32 3,867.5 0.545 0.350 0.420 0.365 5220 GLOTEC 0.400 0.025 1647.2 0.397 — — 107.6
0.140 0.110 — — 3514 MARCO 0.115 — — — 8.71 2.61 121.2 0.285 0.145 0.215 0.200 7192 GOODWAY 0.205 -0.005 873 0.209 — — 24.9
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.145 0.080 — — 7096 GPA 0.105 — — — — — 103.0
1.320 0.748 1.310 1.310 5886 MBG 1.310 UNCH 14 1.310 78.44 1.15 79.6 0.259 0.160 — — 5649 GPHAROS 0.180 — — — 85.71 7.06 24.6
4.470 1.774 4.040 3.910 5983 MBMR 3.980 -0.020 533 3.985 6.74 3.77 1,555.7 0.608 0.400 0.495 0.475 3247 GUH 0.495 0.010 160.5 0.490 65.13 — 137.6
0.430 0.185 0.405 0.400 7234 MESB 0.405 0.005 88 0.401 7.69 — 33.2 10.180 8.946 9.860 9.780 3034 HAPSENG 9.800 -0.050 380.6 9.801 38.43 3.57 24,398.9
0.235 0.177 — — 0301 MFGROUP 0.235 — — — 391.6 — 75.2 6.480 4.486 5.220 5.150 5168 HARTA 5.190 -0.010 1005.5 5.198 40.74 1.58 17,438.4
0.877 0.435 0.625 0.610 3662 MFLOUR 0.615 -0.005 1918.1 0.615 14.17 3.58 617.1 7.060 4.290 4.430 4.360 4324 HENGYUAN 4.400 0.040 308.3 4.379 — — 1,320.0
0.820 0.600 — — 7935 MILUX 0.760 — — — — — 41.4 0.820 0.491 0.510 0.495 5095 HEVEA 0.495 -0.015 320.4 0.500 20.71 9.70 278.5
0.120 0.035 0.075 0.070 5166 MINDA 0.075 0.005 98 0.070 — — 93.0 1.050 0.650 0.770 0.740 5151 HEXTAR 0.770 0.015 2.7 0.744 — — 631.9
3.640 0.980 1.030 0.980 5202 MSM 0.995 0.005 1179.9 0.999 54.67 — 699.5 0.806 0.645 0.725 0.725 3298 HEXZA 0.725 -0.005 5 0.725 18.13 6.90 145.3
0.025 0.005 0.005 0.005 5150 MSPORTS 0.005 -0.005 0.1 0.005 — — 3.0 0.440 0.190 0.195 0.190 5072 HIAPTEK 0.190 -0.005 4036.2 0.191 10.05 2.63 255.4
0.255 0.145 0.195 0.190 3891 MUIIND 0.195 -0.005 244.5 0.194 — — 571.8 1.360 0.760 0.955 0.945 5199 HIBISCS 0.950 -0.005 5115.6 0.950 6.56 — 1,508.8
2.650 1.620 2.060 2.050 3905 MULPHA 2.060 -0.020 2.6 2.050 — — 658.4 1.655 1.030 — — 7033 HIGHTEC 1.040 — — — 10.69 3.37 42.2
1.519 1.311 1.350 1.340 5275 MYNEWS 1.350 UNCH 14.1 1.347 30.96 1.11 920.9 0.654 0.447 0.500 0.500 8443 HIL 0.500 -0.020 31 0.500 11.76 3.50 167.0
148.98 140.07 145.20 143.40 4707 NESTLE 144.500 -0.700 168 144.50 51.85 1.94 33,885.3 0.810 0.400 0.560 0.525 5165 HOKHENG 0.555 -0.005 76 0.544 — — 48.8
2.860 2.437 — — 7060 NHFATT 2.750 — — — 14.54 3.64 227.3 0.572 0.316 0.350 0.350 5291 HPMT 0.350 -0.005 156.5 0.350 — — 115.0
0.065 0.020 0.055 0.050 7139 NICE 0.055 UNCH 26 0.050 — — 38.6 1.290 0.735 0.835 0.815 0185 HSSEB 0.825 -0.015 560.5 0.827 — — 409.1
0.267 0.145 0.170 0.155 7215 NIHSIN 0.170 0.015 1104.1 0.166 — — 54.7 0.300 0.115 0.125 0.115 2739 HUAAN 0.125 UNCH 3881.7 0.120 14.20 — 140.3
0.583 0.385 0.450 0.440 5066 NTPM 0.445 0.005 298.4 0.444 211.9 3.60 499.8 1.690 0.456 1.100 1.030 5000 HUMEIND 1.080 0.050 490.2 1.066 — — 533.1
0.580 0.300 0.420 0.420 5533 OCB 0.420 -0.055 2 0.420 — — 43.2 0.135 0.070 0.075 0.070 9601 HWGB 0.075 UNCH 250 0.074 — — 26.8
0.567 0.395 — — 0049 OCNCASH 0.415 — — — 17.58 2.19 101.8 2.330 1.850 2.210 2.190 7222 IMASPRO 2.210 UNCH 402 2.204 104.74 1.58 176.8
0.888 0.623 0.650 0.645 7107 OFI 0.650 -0.005 220 0.646 11.97 3.08 156.0 0.650 0.380 0.385 0.385 5673 IPMUDA 0.385 UNCH 53.6 0.385 — — 27.9
0.135 0.090 0.100 0.100 3018 OLYMPIA 0.100 -0.005 40 0.100 14.49 — 102.3 0.160 0.075 0.100 0.100 7183 IRETEX 0.100 UNCH 16.2 0.100 1.37 — 18.5
6.670 5.528 6.510 6.500 4006 ORIENT 6.510 UNCH 52.1 6.507 10.11 3.07 4,038.8 1.250 0.950 1.060 1.060 7043 JADEM 1.060 -0.010 0.1 1.060 — — 134.4
0.975 0.460 0.515 0.510 5260 OWG 0.515 0.005 241.2 0.514 — — 146.8 0.125 0.100 — — 8648 JASKITA 0.100 — — — — — 45.0
5.745 3.066 3.820 3.760 7052 PADINI 3.760 -0.060 234.8 3.814 15.44 2.66 2,473.7 1.635 1.304 — — 0058 JCBNEXT 1.480 — — — 17.23 2.70 203.9
39.072 35.184 38.000 37.900 3719 PANAMY 37.900 -0.100 40.5 37.93 21.30 5.96 2,302.3 0.220 0.120 — — 9083 JETSON 0.140 — — — — — 29.6
0.460 0.291 — — 5022 PAOS 0.350 — — — 85.37 4.57 63.4 0.190 0.115 0.125 0.125 0054 KARYON 0.125 0.005 211.3 0.125 14.71 3.60 59.5
0.350 0.230 — — 9407 PARAGON 0.275 — — — — — 19.3 0.630 0.480 0.510 0.505 7199 KEINHIN 0.505 0.020 11.1 0.506 16.95 1.98 55.0
0.405 0.195 0.215 0.210 5657 PARKSON 0.215 UNCH 93.9 0.211 — — 235.2 1.707 1.337 1.610 1.570 6491 KFIMA 1.570 -0.030 123.2 1.595 7.42 5.73 443.1
0.635 0.185 0.405 0.395 6068 PCCS 0.405 0.005 1217.2 0.398 5.44 2.47 85.1 1.399 0.873 1.340 1.310 0151 KGB 1.340 0.020 220.6 1.330 18.01 1.34 417.4
0.550 0.285 0.340 0.310 5231 PELIKAN 0.340 0.020 91.2 0.328 23.61 — 206.8 0.300 0.130 — — 6211 KIALIM 0.200 — — — — — 12.4
0.590 0.300 0.400 0.300 9997 PENSONI 0.400 UNCH 103.4 0.372 93.02 — 51.9 1.360 1.030 1.070 1.040 5371 KIMHIN 1.070 0.010 4 1.063 — 4.67 166.5
0.685 0.230 0.685 0.665 7080 PERMAJU 0.675 0.010 3126.9 0.676 — — 132.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
27.850 21.069 23.480 23.300 5681 PETDAG 23.440 -0.120 156.7 23.41 29.82 2.99 23,286.6 1.520 0.775 1.500 1.430 9466 KKB 1.500 0.010 136.8 1.487 16.63 2.67 386.7
0.165 0.125 0.125 0.125 4081 PMCORP 0.125 -0.005 4 0.125 — — 96.7 0.440 0.070 0.380 0.375 7164 KNM 0.380 UNCH 9791.4 0.377 — — 994.0
0.120 0.035 0.060 0.060 1287 PMHLDG 0.060 UNCH 2623.1 0.060 — — 55.7 0.800 0.350 — — 5035 KNUSFOR 0.590 — — — — — 58.8
0.555 0.431 — — 5080 POHKONG 0.500 — — — 7.92 2.00 205.2 1.730 1.180 1.550 1.550 6971 KOBAY 1.550 UNCH 12.1 1.550 8.48 — 158.2
1.600 1.250 1.530 1.520 7088 POHUAT 1.530 UNCH 193.3 1.530 5.92 2.61 369.2 0.390 0.120 0.290 0.280 7017 KOMARK 0.280 -0.005 10867 0.283 — — 51.4
19.516 16.607 18.000 17.720 4065 PPB 17.920 -0.180 552 17.86 25.76 1.56 25,493.0 4.529 3.543 4.210 4.160 7153 KOSSAN 4.180 -0.030 561 4.196 23.54 1.44 5,346.0
0.434 0.320 0.320 0.320 7190 PPG 0.320 -0.020 5 0.320 49.23 1.56 32.0 1.269 0.645 0.650 0.645 5843 KPS 0.645 -0.005 114.4 0.649 — 6.59 346.6
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.565 0.470 0.475 0.475 9121 KPSCB 0.475 UNCH 22.6 0.475 9.30 — 70.2 5.950 4.517 5.720 5.610 5225 IHH 5.670 0.030 953.6 5.647 82.29 0.53 49,748.5
4.937 3.900 4.630 4.540 3476 KSENG 4.630 0.030 34.9 4.587 22.08 2.16 1,673.6 4.529 3.543 4.210 4.160 7153 KOSSAN 4.180 -0.030 561 4.196 23.54 1.44 5,346.0
0.590 0.281 0.435 0.435 5192 KSSC 0.435 -0.010 2.2 0.435 — 1.15 41.8 1.940 1.566 — — 0002 KOTRA 1.840 — — — 11.42 3.26 265.1
0.530 0.225 0.325 0.320 6874 KUB 0.320 UNCH 99.9 0.321 — 3.13 178.1 1.112 0.865 0.885 0.870 5878 KPJ 0.875 -0.005 5390.3 0.878 20.93 2.29 3,884.0
0.410 0.220 0.270 0.240 8362 KYM 0.270 UNCH 127 0.249 35.06 — 40.5 2.947 1.931 2.430 2.400 7081 PHARMA 2.430 0.010 22 2.407 13.08 6.38 634.8
4.570 1.800 2.950 2.800 3794 LAFMSIA 2.860 0.090 56.6 2.902 — — 2,430.1 0.135 0.075 0.080 0.080 0302 SMILE 0.080 UNCH 110 0.080 27.59 1.50 76.0
0.597 0.427 0.485 0.485 9326 LBALUM 0.485 -0.015 20 0.485 9.92 3.09 120.5 2.005 1.400 1.590 1.540 7106 SUPERMX 1.590 0.020 1770.9 1.580 16.84 2.28 2,162.9
4.747 2.460 2.660 2.540 5284 LCTITAN 2.620 -0.030 410.3 2.598 15.48 6.49 6,046.4 0.825 0.645 0.660 0.645 0101 TMCLIFE 0.645 -0.015 119.3 0.655 34.13 0.28 1,123.5
0.595 0.387 0.475 0.440 5232 LEONFB 0.475 0.030 2.1 0.442 7.72 3.16 147.3 6.246 4.265 4.500 4.480 7113 TOPGLOV 4.480 -0.010 1608.5 4.490 30.90 1.67 11,471.4
0.250 0.100 0.185 0.185 8745 LEWEKO 0.185 UNCH 206.2 0.185 — — 59.6 0.545 0.228 — — 0301 TOPVISN 0.545 — — — 53.43 — 139.3
0.160 0.085 0.110 0.110 7170 LFECORP 0.110 -0.005 53 0.110 — — 22.5 3.272 2.210 2.310 2.280 7178 YSPSAH 2.280 -0.030 28.3 2.293 12.91 3.07 318.2
0.775 0.375 0.395 0.385 8486 LIONFIB 0.385 -0.010 6 0.385 9.67 — 89.2 FINANCIAL SERVICES
0.960 0.375 0.385 0.380 4235 LIONIND 0.385 UNCH 675.3 0.381 — — 276.4 4.248 2.760 2.830 2.760 2488 ABMB 2.770 -0.060 2693.2 2.781 8.96 6.03 4,288.3
0.420 0.250 — — 9881 LSTEEL 0.280 — — — — — 35.8 17.114 14.000 14.960 14.720 5139 AEONCR 14.860 -0.100 139.9 14.80 13.15 3.00 3,728.4
0.100 0.065 0.070 0.065 5068 LUSTER 0.070 0.005 750 0.070 11.86 — 138.3 2.378 1.930 1.980 1.950 5185 AFFIN 1.970 -0.010 40.6 1.960 6.64 2.54 3,912.5
0.600 0.475 0.480 0.475 5143 LUXCHEM 0.480 UNCH 88 0.476 10.93 4.69 429.3 14.980 11.361 13.740 13.700 1163 ALLIANZ 13.700 -0.060 4.5 13.71 7.22 2.92 2,423.4
2.775 2.191 — — 9199 LYSAGHT 2.450 — — — 11.81 2.86 101.9 4.482 3.533 4.090 4.010 1015 AMBANK 4.020 -0.040 1249.8 4.031 7.81 4.98 12,117.0
0.620 0.340 0.380 0.370 5098 MASTEEL 0.380 -0.005 291 0.376 — — 162.5 1.215 0.780 — — 5088 APEX 0.800 — — — 15.97 — 170.9
1.480 0.560 1.360 1.310 7029 MASTER 1.360 UNCH 900.7 1.338 7.70 2.57 74.3 4.750 3.252 4.070 3.940 5258 BIMB 3.980 -0.020 72.2 3.957 9.06 3.89 7,021.8
1.400 0.873 1.200 1.170 5152 MBL 1.200 0.010 51.6 1.177 7.02 3.75 128.0 7.586 5.817 6.130 6.070 1818 BURSA 6.120 0.020 126.6 6.103 25.39 3.59 4,948.0
0.770 0.435 — — 7004 MCEHLDG 0.615 — — — — — 27.3 5.933 4.940 5.050 5.000 1023 CIMB 5.010 -0.010 6365 5.016 9.57 5.19 48,734.4
0.190 0.090 0.140 0.135 3778 MELEWAR 0.135 UNCH 13 0.136 1.62 — 48.5 0.340 0.235 — — 2143 ECM 0.250 — — — — — 120.0
0.700 0.435 — — 5223 MENTIGA 0.590 — — — — — 41.3 1.700 1.088 1.650 1.640 5228 ELKDESA 1.650 UNCH 131 1.646 14.27 4.24 490.1
1.738 1.487 — — 6149 METROD 1.520 — — — 26.30 3.95 182.4 21.497 15.880 16.060 15.880 5819 HLBANK 16.020 -0.120 993.1 16.00 12.29 3.12 34,726.8
0.405 0.220 0.270 0.265 5001 MIECO 0.265 -0.005 339.2 0.266 — — 139.1 10.100 7.327 — — 5274 HLCAP 9.600 — — — 34.04 2.29 2,370.2
0.070 0.045 0.050 0.050 7219 MINETEC 0.050 -0.005 1366.8 0.050 — — 46.1 19.819 15.940 16.100 15.980 1082 HLFG 15.980 -0.180 69.2 16.01 9.52 2.63 18,337.3
0.424 0.240 0.270 0.265 5576 MINHO 0.270 0.005 116.5 0.266 9.96 4.26 91.9 0.900 0.645 0.820 0.805 3379 INSAS 0.815 -0.005 920.6 0.813 6.60 2.45 565.1
0.998 0.780 0.800 0.785 5916 MSC 0.795 0.010 64 0.794 7.29 2.52 318.0 0.115 0.065 0.070 0.065 3441 JOHAN 0.070 0.005 213 0.070 — — 43.6
0.105 0.045 0.055 0.050 0043 MTRONIC 0.055 0.005 2922.9 0.050 — — 62.3 0.710 0.485 0.505 0.490 6483 KENANGA 0.490 -0.020 11.6 0.491 51.58 2.24 354.1
2.147 1.457 1.540 1.540 3883 MUDA 1.540 -0.010 20 1.540 6.18 2.92 469.8 2.150 1.540 1.730 1.690 2186 KUCHAI 1.690 -0.050 2.9 1.718 93.37 0.59 209.1
0.450 0.225 0.265 0.265 5087 MYCRON 0.265 UNCH 25 0.265 — — 86.7 16.422 14.641 15.540 15.500 8621 LPI 15.540 -0.060 5.2 15.51 19.12 4.44 6,190.9
0.640 0.355 0.390 0.385 7241 NGGB 0.390 0.005 765 0.389 — — 195.5 1.003 0.375 0.800 0.790 1198 MAA 0.790 -0.005 61 0.794 — 11.39 216.1
0.145 0.060 0.100 0.095 5025 NWP 0.100 -0.005 595.9 0.097 — — 42.7 2.850 2.244 2.440 2.400 1058 MANULFE 2.410 -0.090 13.4 2.425 15.63 2.90 487.7
0.709 0.555 0.605 0.600 4944 NYLEX 0.600 UNCH 70 0.601 — 3.33 116.6 9.159 8.261 8.540 8.460 1155 MAYBANK 8.480 -0.050 6568.1 8.490 11.65 6.72 95,326.7
0.783 0.539 0.645 0.635 7140 OKA 0.640 -0.005 45.6 0.637 14.19 5.78 157.1 1.025 0.820 0.830 0.820 1171 MBSB 0.820 -0.005 1173.4 0.825 12.02 6.10 5,505.0
1.171 0.858 0.905 0.900 5065 ORNA 0.900 -0.005 23.3 0.900 7.10 2.78 67.7 1.290 0.845 1.100 1.080 6459 MNRB 1.100 0.010 86.6 1.084 7.62 — 843.8
0.075 0.045 0.055 0.050 7225 PA 0.055 UNCH 112 0.050 22.00 — 102.9 1.240 0.985 1.120 1.080 5237 MPHBCAP 1.120 0.020 104.8 1.095 22.67 — 800.8
0.625 0.421 0.625 0.575 8419 PANSAR 0.580 -0.025 6844.1 0.607 45.31 1.72 268.0 0.989 0.937 0.970 0.965 6009 P&O 0.970 UNCH 38.5 0.968 — 6.01 278.4
0.591 0.391 0.490 0.485 5125 PANTECH 0.490 UNCH 550.5 0.488 8.25 4.04 367.8 24.390 19.240 19.680 19.240 1295 PBBANK 19.280 -0.420 5104.5 19.32 13.54 3.63 74,847.6
9.845 6.750 7.480 7.350 5183 PCHEM 7.470 0.010 2384.4 7.468 13.33 3.88 59,760.0 1.667 1.304 1.550 1.530 9296 RCECAP 1.540 -0.010 234.3 1.531 5.45 5.84 568.0
1.300 0.651 1.130 1.110 5271 PECCA 1.130 0.010 293.1 1.124 12.49 4.87 212.4 5.833 4.824 5.640 5.550 1066 RHBBANK 5.580 -0.060 3617.7 5.615 9.38 4.57 22,376.1
4.879 4.175 4.490 4.490 5436 PERSTIM 4.490 UNCH 2 4.490 11.00 6.68 445.9 0.665 0.537 0.635 0.625 4898 TA 0.625 -0.005 38.2 0.630 — 6.56 1,069.9
1.560 0.950 1.250 1.210 5219 PESTECH 1.240 0.020 1468.4 1.229 11.82 — 947.7 7.180 3.348 6.180 5.990 6139 TAKAFUL 6.000 -0.060 317.7 6.095 14.06 2.50 4,960.8
19.386 14.596 16.480 16.380 6033 PETGAS 16.400 -0.060 207.7 16.40 17.67 4.39 32,451.2 0.765 0.502 0.570 0.560 5230 TUNEPRO 0.565 UNCH 665.2 0.564 8.64 5.31 424.7
8.395 5.140 5.230 5.140 3042 PETRONM 5.160 -0.110 147.5 5.176 8.02 3.88 1,393.2 PROPERTY
1.200 0.925 — — 3611 PGLOBE 1.000 — — — 178.5 — 186.7 0.300 0.225 — — 7131 ACME 0.240 — — — 5.99 — 57.3
0.160 0.090 — — 7201 PICORP 0.125 — — — 69.44 4.00 82.3 0.634 0.464 0.485 0.475 1007 AMPROP 0.480 -0.010 18.2 0.480 12.37 6.25 292.9
1.703 1.070 1.400 1.290 7095 PIE 1.390 0.090 2787.6 1.361 14.15 1.73 533.8 1.280 0.870 1.010 1.010 5959 AMVERTON 1.010 UNCH 1 1.010 5.23 — 368.7
0.325 0.100 — — 7163 PJBUMI 0.175 — — — 13.67 — 14.4 0.650 0.270 — — 7007 ARK 0.270 — — — — — 13.1
4.254 3.040 3.200 3.180 7172 PMBTECH 3.190 -0.010 15.1 3.192 53.79 0.63 668.6 0.170 0.110 0.120 0.115 4057 ASIAPAC 0.115 UNCH 64.9 0.117 3.41 — 119.3
5.111 3.958 4.790 4.680 8869 PMETAL 4.690 -0.090 715.2 4.706 35.26 1.28 18,938.7 5.144 4.020 — — 2305 AYER 4.080 — — — 19.93 1.23 305.4
0.570 0.450 0.540 0.540 6637 PNEPCB 0.540 UNCH 800 0.540 — — 71.0 0.390 0.220 0.270 0.250 6602 BCB 0.260 -0.015 164 0.260 2.66 — 107.3
0.480 0.260 — — 8117 POLY 0.350 — — — 11.11 — 56.0 0.585 0.285 — — 6173 BDB 0.350 — — — — — 106.3
0.690 0.390 0.635 0.615 8273 PPHB 0.620 -0.015 144.5 0.621 5.68 — 116.9 0.300 0.110 0.180 0.130 9814 BERTAM 0.180 0.020 13.2 0.155 — — 37.2
0.778 0.410 0.420 0.410 9873 PRESTAR 0.420 UNCH 65 0.416 — 3.57 86.0 0.340 0.245 0.300 0.290 3239 BJASSET 0.300 UNCH 73 0.293 — — 767.4
0.080 0.035 0.055 0.050 7123 PWORTH 0.055 0.005 3706.5 0.050 — — 225.2 1.580 1.090 — — 5738 CHHB 1.280 — — — 3.90 — 352.9
0.850 0.710 — — 7544 QUALITY 0.800 — — — — — 46.4 1.405 1.150 1.190 1.190 6718 CRESNDO 1.190 -0.010 8 1.190 8.51 5.04 333.8
0.310 0.190 — — 7498 RALCO 0.230 — — — — — 10.6 1.590 1.108 — — 5049 CVIEW 1.320 — — — 1.74 3.79 132.0
0.520 0.165 0.190 0.190 5256 REACH 0.190 UNCH 1025.1 0.190 — — 208.3 0.565 0.220 0.405 0.395 3484 DBHD 0.395 -0.020 120.8 0.401 5.43 — 125.8
0.350 0.241 0.310 0.300 7232 RESINTC 0.310 -0.005 40 0.308 10.20 8.06 42.5 0.095 0.050 — — 7198 DPS 0.065 — — — — — 38.2
0.245 0.140 0.145 0.140 9954 RGTBHD 0.140 -0.005 705 0.141 13.33 — 80.8 1.289 0.640 0.675 0.655 3417 E&O 0.665 UNCH 365.7 0.666 17.27 4.51 968.9
1.071 0.491 0.540 0.540 9741 ROHAS 0.540 0.005 28.5 0.540 16.36 4.63 255.2 0.335 0.285 0.330 0.320 3557 ECOFIRS 0.330 0.010 172.8 0.324 11.11 — 266.8
0.575 0.412 0.525 0.520 7803 RUBEREX 0.520 -0.005 254.6 0.525 20.55 3.85 131.1 1.170 0.625 0.645 0.630 8206 ECOWLD 0.635 -0.005 7006.8 0.637 9.81 — 1,869.7
3.925 3.531 — — 5134 SAB 3.600 — — — 25.14 1.39 493.0 0.500 0.270 — — 6076 ENCORP 0.320 — — — — — 98.1
8.640 6.949 7.950 7.870 9822 SAM 7.950 0.090 14 7.938 13.58 2.19 1,074.6 1.998 0.882 — — 8613 ENRA 1.180 — — — — 2.54 160.7
0.893 0.550 0.575 0.570 5147 SAMCHEM 0.575 UNCH 58.7 0.571 7.67 5.22 156.4 0.785 0.550 0.620 0.605 6815 EUPE 0.620 -0.025 2.1 0.606 2.36 — 79.4
0.804 0.654 0.700 0.700 7811 SAPIND 0.700 UNCH 3.4 0.700 10.92 7.14 50.9 0.735 0.491 0.640 0.615 7249 EWEIN 0.625 -0.005 933.3 0.626 4.12 0.80 188.5
0.510 0.205 0.250 0.250 5170 SCABLE 0.250 UNCH 31 0.250 — — 79.3 0.985 0.600 0.650 0.640 5283 EWINT 0.640 -0.010 535.2 0.644 11.07 — 1,536.0
1.360 0.760 1.230 1.120 7247 SCGM 1.210 0.060 1711.1 1.195 — 1.03 234.3 0.400 0.325 — — 6041 FARLIM 0.340 — — — — — 57.3
1.270 0.300 1.060 1.050 9237 SCIB 1.060 UNCH 22.2 1.052 — — 91.0 0.409 0.345 0.375 0.360 5020 GLOMAC 0.360 UNCH 23.1 0.362 16.44 2.22 288.0
1.771 0.733 0.905 0.890 0099 SCICOM 0.900 0.005 894.2 0.896 15.82 6.11 319.9 0.350 0.235 — — 9962 GMUTUAL 0.270 — — — 17.20 1.85 101.4
9.269 7.998 9.040 9.000 4731 SCIENTX 9.020 -0.030 77 9.014 13.61 2.22 4,647.7 0.215 0.155 0.185 0.185 1147 GOB 0.185 UNCH 0.2 0.185 — — 84.1
0.240 0.105 0.150 0.150 7239 SCNWOLF 0.150 0.010 55 0.150 — — 14.4 0.220 0.135 0.170 0.170 7077 GSB 0.170 -0.010 50 0.170 154.5 — 93.9
0.400 0.155 0.260 0.230 7073 SEACERA 0.250 0.015 22255 0.249 — — 118.7 0.829 0.645 0.660 0.650 1503 GUOCO 0.655 -0.010 48.1 0.655 — 3.05 458.8
0.495 0.090 0.450 0.425 5145 SEALINK 0.445 UNCH 8962.6 0.440 — — 222.5 1.300 1.200 1.260 1.240 7105 HCK 1.260 0.020 212 1.249 48.28 — 533.0
0.520 0.180 0.500 0.495 5163 SEB 0.495 UNCH 97 0.498 — — 39.6 0.725 0.520 0.545 0.540 7010 HOOVER 0.545 -0.030 7 0.544 — — 21.8
0.990 0.781 0.930 0.910 5181 SIGGAS 0.930 0.005 60 0.916 83.04 0.54 174.4 0.465 0.300 0.325 0.315 5062 HUAYANG 0.320 -0.005 79.1 0.321 — — 112.6
0.690 0.410 — — 7115 SKBSHUT 0.505 — — — 6.36 — 20.2 0.471 0.280 0.290 0.280 4251 IBHD 0.280 -0.005 263.8 0.284 10.18 6.25 284.1
1.390 0.912 1.120 1.100 7155 SKPRES 1.100 -0.010 1099.3 1.110 15.38 3.49 1,375.2 0.734 0.147 0.580 0.580 5084 IBRACO 0.580 UNCH 2.7 0.580 8.90 3.88 287.9
1.420 0.809 1.330 1.330 7248 SLP 1.330 UNCH 2 1.330 16.67 4.14 421.6 1.530 0.990 1.360 1.280 9687 IDEAL 1.300 -0.030 155.4 1.304 4.00 0.77 602.8
0.530 0.330 — — 7132 SMISCOR 0.390 — — — — — 17.5 2.868 2.176 2.790 2.780 5606 IGBB 2.790 UNCH 690.2 2.790 7.85 0.36 1,924.6
1.420 0.720 0.970 0.925 5665 SSTEEL 0.965 0.030 334.8 0.942 — 3.63 418.5 1.685 1.081 1.150 1.120 5249 IOIPG 1.140 UNCH 1414 1.136 9.49 2.63 6,277.0
0.850 0.400 0.415 0.415 6904 SUBUR 0.415 -0.005 5 0.415 — — 86.7 0.280 0.175 0.190 0.190 5175 IVORY 0.190 0.010 1 0.190 — 13.16 93.1
1.053 0.489 0.940 0.910 7207 SUCCESS 0.915 -0.010 999.9 0.921 14.25 2.95 228.1 1.320 0.365 0.855 0.835 1589 IWCITY 0.845 UNCH 12539 0.846 — — 707.6
1.720 1.280 1.710 1.680 5211 SUNWAY 1.690 -0.010 2328.5 1.692 12.09 2.92 8,338.3 0.360 0.250 0.350 0.345 8923 JIANKUN 0.350 0.005 58 0.350 28.93 — 58.4
1.370 0.740 0.945 0.900 7235 SUPERLN 0.935 0.020 980.7 0.926 14.96 2.46 149.6 0.090 0.070 0.070 0.070 6769 JKGLAND 0.070 -0.005 150 0.070 63.64 1.43 159.2
2.005 1.400 1.590 1.540 7106 SUPERMX 1.590 0.020 1770.9 1.580 16.84 2.28 2,162.9 0.125 0.075 0.105 0.105 3115 KBUNAI 0.105 UNCH 2915.8 0.105 116.6 — 606.5
0.360 0.180 0.235 0.235 5149 TAS 0.235 -0.005 70.8 0.235 10.35 — 42.3 0.840 0.537 — — 7323 KEN 0.640 — — — — 2.34 122.7
6.800 4.050 — — 4448 TASEK 5.350 — — — — — 661.4 0.960 0.675 0.780 0.775 5038 KSL 0.780 UNCH 217.5 0.777 3.26 — 809.3
0.235 0.105 0.110 0.105 7097 TAWIN 0.105 -0.005 1096.2 0.107 26.92 — 37.5 0.185 0.130 0.160 0.155 3174 L&G 0.155 -0.005 595.5 0.155 10.69 6.45 460.8
0.992 0.642 0.700 0.695 5289 TECHBND 0.700 UNCH 53 0.699 22.73 — 161.0 0.784 0.416 0.645 0.640 8494 LBICAP 0.645 0.025 55.9 0.643 5.13 7.75 65.5
0.800 0.365 0.400 0.390 8702 TEXCHEM 0.400 0.015 40 0.399 — 25.00 49.6 0.799 0.485 0.495 0.490 5789 LBS 0.495 UNCH 342 0.492 11.07 3.64 775.7
2.770 2.004 2.760 2.640 7034 TGUAN 2.730 0.040 315.2 2.727 7.33 2.93 486.3 0.350 0.220 0.255 0.250 3573 LIENHOE 0.250 -0.005 21.2 0.252 — — 90.4
1.418 0.983 1.300 1.210 7374 TIENWAH 1.300 0.080 7 1.274 — 6.15 188.2 1.250 0.800 1.010 0.995 7617 MAGNA 0.995 -0.055 30 1.005 — — 333.2
0.680 0.396 0.580 0.580 7854 TIMWELL 0.580 0.020 0.1 0.580 8.63 3.45 51.6 0.997 0.745 0.760 0.755 8583 MAHSING 0.755 UNCH 382.5 0.756 12.28 5.96 1,832.9
0.740 0.430 0.515 0.505 7285 TOMYPAK 0.510 -0.010 362.2 0.512 — 0.59 214.1 0.695 0.390 0.480 0.470 6181 MALTON 0.470 -0.015 1065.1 0.473 9.23 4.26 248.2
4.066 2.470 2.510 2.500 5010 TONGHER 2.510 0.010 53 2.506 10.73 7.97 395.1 1.971 1.720 1.900 1.890 5236 MATRIX 1.900 UNCH 277.2 1.892 6.45 6.45 1,563.3
6.246 4.265 4.500 4.480 7113 TOPGLOV 4.480 -0.010 1608.5 4.490 30.90 1.67 11,471.4 1.827 1.360 — — 7189 MBWORLD 1.610 — — — 5.27 5.03 253.4
1.009 0.558 0.690 0.645 7173 TOYOINK 0.660 -0.035 14.5 0.680 18.54 3.03 70.6 0.770 0.200 0.200 0.200 5182 MCT 0.200 UNCH 167 0.200 4.23 — 291.4
0.814 0.543 0.680 0.565 5167 TURBO 0.680 0.050 15 0.614 13.93 2.94 73.4 0.480 0.290 0.340 0.310 1694 MENANG 0.325 -0.010 240.1 0.320 — — 156.3
2.973 2.303 2.830 2.800 7100 UCHITEC 2.830 0.030 11.1 2.806 17.28 4.95 1,276.1 0.420 0.065 0.080 0.070 5040 MERIDIAN 0.070 -0.005 6637.2 0.073 — — 36.7
0.800 0.385 0.480 0.480 7133 ULICORP 0.480 UNCH 91 0.480 — — 104.5 0.350 0.180 — — 8141 MJPERAK 0.185 — — — 12.25 — 47.6
2.494 1.840 — — 7137 UMS 1.990 — — — 26.25 3.02 81.0 1.410 1.110 1.200 1.200 6114 MKH 1.200 0.020 557.2 1.200 9.00 2.92 703.9
1.068 0.850 — — 7227 UMSNGB 0.880 — — — 11.52 3.41 70.4 0.220 0.160 0.165 0.160 8893 MKLAND 0.165 -0.005 283.8 0.164 31.73 — 199.2
1.450 0.905 1.260 1.260 7091 UNIMECH 1.260 -0.010 14.8 1.260 9.78 3.02 200.0 0.165 0.070 — — 6548 MPCORP 0.090 — — — — — 25.9
0.640 0.280 — — 4995 VERSATL 0.315 — — — — — 44.7 1.125 0.558 0.715 0.695 1651 MRCB 0.705 -0.005 4465.9 0.706 87.04 2.48 3,110.5
1.744 0.610 1.330 1.290 6963 VS 1.320 0.010 6404.6 1.313 14.93 2.73 2,438.0 0.540 0.350 — — 9539 MUH 0.390 — — — — — 22.0
1.150 0.595 0.615 0.600 5142 WASEONG 0.605 -0.010 69.2 0.607 8.64 — 468.8 0.280 0.160 0.170 0.165 3913 MUIPROP 0.170 UNCH 98.1 0.167 7.39 — 129.9
0.950 0.365 0.445 0.380 7226 WATTA 0.440 0.060 24.9 0.433 — — 37.2 1.440 0.430 0.860 0.840 5073 NAIM 0.855 -0.005 2695.1 0.850 2.61 — 439.3
1.277 1.068 1.150 1.140 7231 WELLCAL 1.150 UNCH 25.5 1.146 15.50 4.87 572.6 2.196 1.907 2.090 2.090 5827 OIB 2.090 -0.010 4 2.090 5.69 3.83 323.7
0.700 0.460 — — 7692 WIDETEC 0.550 — — — 17.03 — 24.6 0.990 0.792 0.960 0.950 5053 OSK 0.960 UNCH 75.3 0.952 5.11 5.21 2,011.5
0.824 0.425 — — 7050 WONG 0.440 — — — 16.06 3.41 50.4 1.752 1.261 1.360 1.340 1724 PARAMON 1.350 -0.010 198.4 1.345 10.52 4.66 819.0
0.830 0.550 — — 7025 WOODLAN 0.615 — — — 62.76 — 24.6 0.460 0.300 — — 6912 PASDEC 0.390 — — — — — 156.1
1.700 1.020 — — 5009 WTHORSE 1.140 — — — — — 273.6 0.015 0.005 0.010 0.010 4464 PHB 0.010 0.005 1100 0.010 — — 72.0
0.696 0.404 0.460 0.450 4243 WTK 0.455 UNCH 104.9 0.453 — 3.30 219.0 1.580 0.980 — — 7055 PLB 1.070 — — — 109.1 — 120.3
0.410 0.160 0.245 0.235 7245 WZSATU 0.235 -0.005 1579 0.240 — — 109.3 1.580 1.300 1.330 1.330 5075 PLENITU 1.330 -0.010 4 1.330 12.09 3.38 507.4
0.695 0.530 0.585 0.550 5048 YILAI 0.585 UNCH 9 0.577 — — 85.2 6.100 5.210 5.990 5.950 7765 RAPID 5.990 0.030 57 5.960 191.37 — 640.3
0.215 0.090 0.100 0.100 7020 YKGI 0.100 -0.005 93 0.100 — — 35.1 0.840 0.570 0.570 0.570 4596 SAPRES 0.570 -0.010 2 0.570 — — 79.6
0.360 0.200 0.210 0.205 7014 YLI 0.205 -0.025 26 0.207 — — 21.1 0.630 0.380 0.400 0.390 5207 SBCCORP 0.400 UNCH 16.1 0.394 6.63 2.50 103.3
CONSTRUCTION 0.732 0.582 0.625 0.615 2224 SDRED 0.625 UNCH 15 0.623 10.43 3.20 266.3
0.485 0.241 0.410 0.400 5281 ADVCON 0.405 UNCH 608 0.403 16.46 2.47 163.2 0.400 0.285 0.295 0.285 4286 SEAL 0.295 -0.005 74 0.290 3.53 — 71.7
0.575 0.274 0.335 0.325 7078 AZRB 0.335 -0.005 700 0.332 24.63 2.66 200.3 2.426 2.038 2.300 2.300 6017 SHL 2.300 -0.010 3 2.300 9.82 6.96 556.9
0.240 0.140 0.145 0.145 5190 BENALEC 0.145 -0.005 50 0.145 — — 125.0 1.185 0.781 0.850 0.835 5288 SIMEPROP 0.845 UNCH 2111.2 0.845 38.58 2.37 5,746.7
0.295 0.120 0.130 0.120 5932 BPURI 0.120 -0.005 464.3 0.125 109.0 — 45.8 0.220 0.130 — — 4375 SMI 0.135 — — — 42.19 — 28.3
0.811 0.706 0.795 0.795 8761 BREM 0.795 UNCH 51.2 0.795 15.14 5.03 274.7 0.535 0.190 0.215 0.200 5213 SNTORIA 0.210 0.005 1505.5 0.208 11.17 — 119.1
1.156 0.755 0.960 0.940 8591 CRESBLD 0.960 UNCH 39.7 0.945 2.52 4.69 169.8 2.588 1.330 1.370 1.350 8664 SPSETIA 1.360 -0.020 951.9 1.362 23.99 6.29 5,497.8
1.808 1.572 — — 7528 DKLS 1.700 — — — 34.55 1.76 157.6 0.950 0.580 0.650 0.650 3743 SUNSURIA 0.650 UNCH 9 0.650 3.73 — 582.3
0.880 0.360 0.725 0.695 5253 ECONBHD 0.720 0.010 4321.7 0.714 37.89 2.22 963.0 0.470 0.312 0.385 0.380 1538 SYMLIFE 0.385 -0.005 128.3 0.384 1.87 2.60 227.3
1.040 0.411 0.755 0.735 8877 EKOVEST 0.745 -0.005 22930 0.744 11.73 1.34 1,977.8 0.330 0.190 0.275 0.265 4022 TADMAX 0.275 0.005 3870.4 0.271 11.70 — 215.5
0.520 0.300 0.360 0.355 7047 FAJAR 0.360 0.005 66.8 0.355 9.33 4.17 134.6 0.269 0.222 0.230 0.225 5158 TAGB 0.225 -0.005 59 0.229 23.44 7.11 1,197.4
0.960 0.475 0.655 0.640 9261 GADANG 0.645 -0.010 1228.9 0.648 9.82 1.86 469.6 0.055 0.025 0.035 0.030 2259 TALAMT 0.030 -0.005 390 0.031 42.86 — 128.9
3.978 1.918 3.650 3.590 5398 GAMUDA 3.600 -0.060 5967.6 3.603 12.58 3.33 8,902.9 0.849 0.666 0.745 0.745 5191 TAMBUN 0.745 -0.005 10.5 0.745 6.36 6.58 322.9
1.540 0.658 1.260 1.220 5226 GBGAQRS 1.250 0.020 438.2 1.242 12.72 3.14 618.2 0.085 0.040 0.055 0.055 2429 TANCO 0.055 UNCH 15 0.055 — — 40.8
1.380 0.717 1.030 1.000 3204 GKENT 1.010 -0.020 1444.2 1.013 8.49 9.41 568.9 0.280 0.175 0.185 0.180 7889 THRIVEN 0.180 -0.005 24.2 0.182 3.40 — 98.4
0.695 0.280 0.500 0.495 5169 HOHUP 0.500 UNCH 296.1 0.500 7.94 — 187.4 0.100 0.030 0.055 0.050 7079 TIGER 0.055 UNCH 656.5 0.052 275.00 — 69.8
1.575 1.262 1.360 1.330 6238 HSL 1.330 UNCH 31 1.335 12.98 1.80 775.0 0.355 0.285 0.295 0.290 5239 TITIJYA 0.290 UNCH 576.6 0.290 11.15 0.86 390.2
2.510 1.361 2.180 2.110 3336 IJM 2.140 -0.040 2251.6 2.140 18.59 1.87 7,788.1 0.868 0.754 0.830 0.820 5401 TROP 0.830 0.005 319.3 0.825 7.24 3.25 1,220.4
0.290 0.070 0.090 0.080 5268 IKHMAS 0.085 -0.005 2832.3 0.086 — — 50.0 1.020 0.620 0.675 0.660 5148 UEMS 0.675 0.005 2233.8 0.672 27.44 — 3,062.8
0.630 0.444 — — 8834 IREKA 0.490 — — — — 4.08 91.5 2.350 1.733 1.940 1.880 5200 UOADEV 1.900 -0.030 516.7 1.908 8.44 7.37 3,737.6
1.040 0.405 0.755 0.735 4723 JAKS 0.755 0.010 3041.1 0.747 8.79 — 485.6 0.170 0.075 0.080 0.075 6378 WMG 0.075 -0.005 59.1 0.079 — — 32.0
1.490 0.975 1.310 1.260 7161 KERJAYA 1.290 -0.010 20.3 1.288 11.28 2.71 1,602.1 0.995 0.650 0.855 0.855 7003 Y&G 0.855 0.005 0.7 0.855 21.92 — 170.5
1.460 0.972 1.200 1.200 5171 KIMLUN 1.200 0.010 12.5 1.200 5.77 3.08 407.8 2.800 1.040 2.480 2.420 3158 YNHPROP 2.480 0.020 79.3 2.476 65.61 — 1,311.9
1.060 0.735 0.900 0.900 9628 LEBTECH 0.900 0.035 0.1 0.900 — — 122.8 0.730 0.190 0.195 0.190 7066 YONGTAI 0.190 -0.005 4353.7 0.190 — — 130.9
0.622 0.385 — — 5129 MELATI 0.385 — — — 51.33 2.60 46.2 0.425 0.285 0.290 0.285 2577 YTLLAND 0.290 UNCH 167.8 0.289 — — 244.9
1.050 0.700 0.750 0.750 8192 MERCURY 0.750 0.050 3 0.750 7.75 — 30.1 TRANSPORTATION & LOGISTICS
1.810 0.400 — — 5006 MERGE 0.915 — — — — — 61.3 8.860 6.481 8.730 8.390 5014 AIRPORT 8.660 0.060 773.8 8.618 32.03 1.62 14,368.6
0.895 0.605 0.645 0.640 7595 MGB 0.645 UNCH 16.2 0.640 16.75 — 320.9 1.400 1.120 1.280 1.210 8133 BHIC 1.280 -0.020 0.5 1.238 — 2.73 318.0
0.432 0.216 0.270 0.260 9571 MITRA 0.270 0.005 240.3 0.263 — 5.56 242.0 4.962 3.550 3.940 3.880 5032 BIPORT 3.940 0.040 5.5 3.896 11.15 4.06 1,812.4
0.250 0.115 0.160 0.160 5924 MTDACPI 0.160 UNCH 89 0.160 — — 37.1 0.435 0.265 — — 7187 CHGP 0.290 — — — 42.03 — 86.2
0.455 0.180 0.190 0.185 5085 MUDAJYA 0.185 -0.005 207.6 0.187 — — 112.0 0.640 0.360 0.400 0.400 7117 CJCEN 0.400 UNCH 45 0.400 — 1.88 157.7
3.108 2.370 2.420 2.390 5703 MUHIBAH 2.390 -0.020 50.1 2.401 8.25 3.14 1,159.5 0.930 0.449 0.690 0.690 5136 COMPLET 0.690 UNCH 26 0.690 8.94 — 87.6
0.370 0.220 0.260 0.250 7071 OCR 0.260 0.005 967.1 0.253 — — 85.3 0.605 0.310 0.400 0.395 5259 EATECH 0.400 UNCH 200.5 0.397 — — 201.6
0.900 0.730 0.850 0.790 5622 PEB 0.850 0.060 10.1 0.791 — — 58.8 0.718 0.497 0.600 0.600 7210 FREIGHT 0.600 UNCH 116.6 0.600 12.32 5.83 167.5
0.288 0.163 0.205 0.200 8311 PESONA 0.200 UNCH 1468 0.202 12.12 5.00 139.0 0.445 0.255 0.280 0.275 0078 GDEX 0.280 0.005 493 0.278 47.46 0.71 1,579.6
0.390 0.183 0.240 0.240 5070 PRTASCO 0.240 UNCH 259.9 0.240 — 2.50 118.9 0.420 0.265 0.335 0.290 7676 GUNUNG 0.335 0.025 11 0.308 — — 79.1
0.170 0.095 0.115 0.110 7145 PSIPTEK 0.115 UNCH 4051.2 0.114 13.53 — 49.7 0.760 0.560 0.635 0.570 2062 HARBOUR 0.635 0.015 6.2 0.620 11.01 1.57 254.3
3.430 1.986 3.350 3.300 9598 PTARAS 3.300 -0.050 42 3.318 21.02 6.06 547.4 0.065 0.030 0.050 0.045 7013 HUBLINE 0.045 UNCH 1167 0.045 34.62 — 171.9
0.510 0.255 0.260 0.260 6807 PUNCAK 0.260 -0.005 78.1 0.260 — 1.92 116.8 0.540 0.270 — — 5614 ILB 0.340 — — — — — 66.3
0.800 0.380 0.385 0.380 5205 SENDAI 0.385 UNCH 472 0.381 5.46 — 300.7 4.891 3.516 4.450 4.450 6645 LITRAK 4.450 UNCH 0.9 4.450 9.45 5.62 2,362.5
2.156 1.246 2.050 1.990 5263 SUNCON 1.990 -0.060 1986.7 2.023 18.74 3.52 2,572.9 0.115 0.055 0.080 0.075 5078 M&G 0.075 -0.005 70.1 0.075 — — 54.3
0.285 0.210 0.230 0.225 9717 SYCAL 0.230 0.005 23 0.225 67.65 — 95.8 0.785 0.410 0.635 0.610 5077 MAYBULK 0.615 -0.010 805.7 0.618 1.49 — 615.0
0.741 0.431 0.495 0.480 5054 TRC 0.495 0.015 156.1 0.488 7.78 3.84 237.8 8.040 5.244 7.960 7.790 3816 MISC 7.800 -0.040 4670.3 7.811 21.91 3.85 34,817.6
0.595 0.295 — — 5042 TSRCAP 0.370 — — — — — 64.5 1.396 0.780 1.080 1.060 2194 MMCCORP 1.070 UNCH 355.2 1.070 11.59 3.74 3,258.2
0.890 0.180 — — 0301 UNIWALL 0.890 — — — 32.13 0.02 325.5 0.360 0.160 — — 9806 NATWIDE 0.180 — — — — — 22.2
1.170 0.800 0.905 0.890 7070 VIZIONE 0.905 UNCH 183.9 0.897 7.65 — 508.9 0.045 0.025 0.035 0.030 6254 PDZ 0.035 UNCH 1451 0.030 — — 23.9
0.710 0.465 0.500 0.490 3565 WCEHB 0.500 UNCH 148 0.498 24.63 — 501.4 3.515 1.191 1.700 1.630 4634 POS 1.700 0.040 1027.6 1.676 — 2.35 1,330.7
1.220 0.647 0.890 0.880 9679 WCT 0.880 -0.020 417.7 0.885 13.92 3.34 1,247.9 0.595 0.295 0.355 0.355 8346 PRKCORP 0.355 0.005 6.5 0.355 — — 35.5
0.410 0.150 0.285 0.280 7028 ZECON 0.285 0.005 251.2 0.284 — — 41.1 0.495 0.090 0.450 0.425 5145 SEALINK 0.445 UNCH 8962.6 0.440 — — 222.5
0.125 0.025 0.075 0.070 2283 ZELAN 0.075 UNCH 400 0.075 — — 63.4 1.009 0.795 0.810 0.810 7053 SEEHUP 0.810 -0.050 2.6 0.810 — 3.89 65.1
HEALTH CARE 1.500 1.176 1.410 1.380 6521 SURIA 1.390 -0.020 23.4 1.385 9.75 3.90 480.7
0.605 0.350 0.520 0.520 7191 ADVENTA 0.520 -0.030 10 0.520 — — 79.4 0.345 0.225 0.235 0.230 5173 SYSCORP 0.230 -0.005 543.2 0.230 — — 276.0
2.404 1.950 2.170 2.130 7090 AHEALTH 2.160 UNCH 82 2.151 18.00 1.60 1,018.8 0.360 0.180 0.235 0.235 5149 TAS 0.235 -0.005 70.8 0.235 10.35 — 42.3
1.480 0.898 1.410 1.390 7148 DPHARMA 1.410 0.010 244.3 1.395 17.01 3.55 959.0 1.692 0.968 — — 5140 TASCO 1.050 — — — 22.63 4.76 210.0
6.480 4.486 5.220 5.150 5168 HARTA 5.190 -0.010 1005.5 5.198 40.74 1.58 17,438.4 1.010 0.420 0.475 0.465 8397 TNLOGIS 0.470 UNCH 87.7 0.469 — — 216.6
1.150 0.430 0.500 0.500 7218 TOCEAN 0.500 UNCH 2 0.500 — — 20.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
4.270 3.172 4.240 4.170 5246 WPRTS 4.190 0.010 1203.4 4.198 24.05 3.12 14,287.9 1.240 0.334 1.240 1.110 5133 PENERGY 1.240 0.090 3556.7 1.190 40.52 1.61 399.0
0.921 0.243 0.520 0.495 5267 XINHWA 0.520 0.015 4596.7 0.512 38.81 1.92 112.3 0.540 0.175 0.305 0.300 7108 PERDANA 0.305 -0.005 1975.7 0.302 — — 237.4
PLANTATION 0.045 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.210 0.110 — — 7054 AASIA 0.120 — — — — — 79.2 8.395 5.140 5.230 5.140 3042 PETRONM 5.160 -0.110 147.5 5.176 8.02 3.88 1,393.2
17.332 15.400 15.800 15.700 1899 BKAWAN 15.700 UNCH 8.5 15.71 18.51 3.50 6,844.4 0.520 0.165 0.190 0.190 5256 REACH 0.190 UNCH 1025.1 0.190 — — 208.3
7.540 5.700 — — 5069 BLDPLNT 5.850 — — — — — 547.0 0.433 0.251 0.270 0.260 5218 SAPNRG 0.265 -0.005 51650.8 0.266 — — 4,234.5
1.098 0.646 0.660 0.650 5254 BPLANT 0.655 UNCH 280.2 0.653 51.98 8.40 1,467.2 0.145 0.040 0.075 0.070 7158 SCOMI 0.075 UNCH 1004.1 0.074 — — 82.0
0.736 0.490 0.500 0.490 8982 CEPAT 0.500 UNCH 27 0.499 — 3.00 159.2 0.140 0.030 0.105 0.095 7045 SCOMIES 0.100 -0.005 8776.4 0.100 — — 234.2
6.986 6.030 — — 1929 CHINTEK 6.100 — — — 14.95 2.62 557.3 4.529 3.453 4.260 4.220 5279 SERBADK 4.240 -0.020 576.3 4.246 14.19 2.11 6,226.4
0.499 0.394 0.415 0.410 3948 DUTALND 0.415 UNCH 176.4 0.413 32.42 — 351.1 0.045 0.005 0.020 0.005 1201 SUMATEC 0.010 -0.010 219844 0.011 — — 42.5
2.976 2.501 2.670 2.670 5029 FAREAST 2.670 UNCH 6 2.670 — 1.12 1,585.5 0.579 0.297 0.445 0.435 7228 T7GLOBAL 0.445 UNCH 205 0.439 48.90 1.12 223.2
1.550 0.630 0.865 0.845 5222 FGV 0.845 -0.025 5311.4 0.854 — — 3,082.7 0.075 0.025 0.060 0.060 7206 THHEAVY 0.060 UNCH 3772.8 0.060 0.62 — 67.3
10.631 8.935 9.960 9.840 2291 GENP 9.930 0.020 1517.9 9.929 80.02 1.18 8,910.8 1.510 0.550 0.935 0.900 7250 UZMA 0.930 0.015 12605.2 0.918 10.02 — 297.6
0.455 0.335 0.410 0.400 7382 GLBHD 0.410 -0.020 11 0.409 — — 91.4 0.340 0.165 0.320 0.315 5243 VELESTO 0.315 -0.005 5029.4 0.315 — — 2,587.9
0.747 0.530 — — 2135 GOPENG 0.710 — — — 47.33 3.52 191.0 1.150 0.595 0.615 0.600 5142 WASEONG 0.605 -0.010 69.2 0.607 8.64 — 468.8
0.800 0.340 — — 7501 HARNLEN 0.625 — — — — — 115.9 7.208 4.018 6.610 6.570 7293 YINSON 6.610 -0.040 1962.6 6.605 37.84 0.91 7,231.2
2.178 1.400 1.450 1.440 5138 HSPLANT 1.450 0.010 36.1 1.445 117.89 1.03 1,160.0
2.418 1.283 1.550 1.550 2216 IJMPLNT 1.550 0.020 0.2 1.550 — 1.29 1,364.9
0.694 0.550 0.595 0.590 2607 INCKEN 0.595 -0.005 7 0.593 — 1.80 250.3
0.798 0.580 — — 6262 INNO 0.640 — — — 64.65 1.56 306.5
4.698 4.064 4.310 4.250 1961 IOICORP 4.280 -0.010 1252.5 4.274 42.59 1.87 26,898.3
0.685 0.430 0.470 0.455 4383 JTIASA 0.470 UNCH 286.7 0.461 — 1.06 457.6
25.611 22.120 22.960 22.680
3.854 3.100 3.500
1.276 1.080 1.180
3.380
1.170
2445
2453
5027
KLK
KLUANG
KMLOONG
22.780
3.380
1.170
-0.140
UNCH
0.010
1193.4
6
37
22.75 44.55
3.450 —
1.172 24.32
1.98
0.29
5.13
24,317.8
213.5
1,094.4
Ace Market
0.430 0.355 0.365 0.355 1996 KRETAM 0.355 -0.005 495.1 0.359 — — 826.3 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.100 0.670 0.680 0.670 6572 KWANTAS 0.670 -0.010 3.5 0.676 — — 208.8 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.950 0.690 — — 4936 MALPAC 0.750 — — — — 13.33 56.3
0.707 0.546 — — 5026 MHC 0.560 — — — 700 2.68 110.1 CONSUMER PRODUCTS & SERVICES
2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 0.740 0.325 0.515 0.505 0098 BAHVEST 0.510 -0.005 1198.2 0.509 58.62 — 624.7
3.490 3.082 3.320 3.320 2038 NSOP 3.320 -0.020 1.3 3.320 — 1.81 233.1 0.260 0.190 0.195 0.190 0179 BIOHLDG 0.195 Unch 106 0.194 16.25 0.56 167.7
0.470 0.250 0.270 0.250 1902 PINEPAC 0.270 0.010 48.2 0.264 — — 40.4 0.350 0.150 0.155 0.150 0205 DPIH 0.155 0.005 187 0.153 7.14 — 75.4
1.310 0.645 0.700 0.665 9695 PLS 0.680 -0.010 66 0.682 — — 238.5 0.395 0.095 0.360 0.350 0116 FOCUS 0.355 0.005 8395.6 0.355 — — 725.4
0.290 0.120 0.130 0.120 5113 RSAWIT 0.125 UNCH 460.7 0.125 — — 177.3 0.477 0.113 0.370 0.350 0157 FOCUSP 0.350 -0.010 285.5 0.356 7.63 5.37 77.0
3.582 2.732 — — 2542 RVIEW 2.830 — — — 658.14 1.41 183.5 0.125 0.075 0.095 0.090 0074 GOCEAN 0.095 0.005 40 0.093 — — 27.5
3.178 2.740 — — 2569 SBAGAN 3.000 — — — — 0.67 199.0 0.090 0.035 0.065 0.060 0170 KANGER 0.060 -0.005 610.2 0.060 8.70 — 53.6
0.428 0.241 0.300 0.275 0210 KHJB 0.300 0.010 1711.5 0.293 11.49 — 114.0
0.460 0.240 — — 4316 SHCHAN 0.240 — — — — — 31.6 0.200 0.130 0.150 0.150 0180 KTC 0.150 0.005 124 0.150 6.44 — 76.5
5.299 3.934 4.770 4.670 5285 SIMEPLT 4.700 -0.050 2213.9 4.702 92.52 2.19 32,357.5 0.165 0.090 0.095 0.090 0182 LKL 0.090 -0.005 20 0.090 — — 38.6
2.791 1.919 2.090 2.090 5126 SOP 2.090 -0.060 5 2.090 33.23 2.39 1,193.1 0.250 0.100 0.135 0.130 0140 MACPIE 0.135 -0.005 81 0.130 — — 47.7
1.844 1.310 1.450 1.450 5135 SWKPLNT 1.450 UNCH 4 1.450 23.02 3.45 406.0 0.600 0.277 0.600 0.565 0201 NOVA 0.580 0.005 2689.6 0.586 15.72 0.86 184.3
2.720 1.882 2.220 2.180 5012 TAANN 2.220 0.020 51.3 2.190 13.83 4.50 987.6 0.155 0.100 — — 0153 OVERSEA 0.130 — — — — — 32.0
0.245 0.145 0.175 0.165 2054 TDM 0.175 0.010 1821.1 0.169 — — 294.5 0.125 0.060 0.075 0.065 0022 PARLO 0.065 -0.010 3042 0.069 — — 23.7
0.700 0.290 0.305 0.300 5112 THPLANT 0.300 -0.005 755.4 0.300 — — 265.2 0.400 0.185 0.190 0.185 0171 PLABS 0.190 Unch 85.1 0.186 10.56 — 40.8
1.177 0.865 0.900 0.885 9059 TSH 0.900 0.005 44.2 0.890 32.61 1.11 1,243.6 0.539 0.434 0.510 0.495 0158 SCC 0.495 Unch 64 0.498 11.28 6.87 69.9
5.879 5.000 — — 2593 UMCCA 5.170 — — — 66.03 1.55 1,084.1 0.210 0.075 — — 0148 SUNZEN 0.105 — — — — — 56.2
27.000 24.006 25.000 24.960 2089 UTDPLT 25.000 UNCH 2.7 24.99 15.86 1.60 5,203.4 0.378 0.255 0.265 0.260 0197 WEGMANS 0.265 Unch 141.1 0.260 8.41 1.89 132.5
TELECOMMUNICATIONS & MEDIA 0.235 0.120 0.220 0.210 0095 XINGHE 0.220 Unch 556 0.215 — — 123.6
0.180 0.100 — — 0159 AMEDIA 0.135 — — — — — 32.3 INDUSTRIAL PRODUCTS & SERVICES
0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 0.300 0.210 — — 0122 AIM 0.260 — — — — — 69.2
1.633 0.986 1.470 1.420 6399 ASTRO 1.450 -0.020 1243.7 1.441 12.32 5.52 7,560.8 0.095 0.055 0.075 0.065 0105 ASIAPLY 0.075 0.005 464.2 0.070 — 6.67 34.2
5.280 3.161 4.290 4.230 6888 AXIATA 4.270 -0.020 4091 4.265 — 2.22 38,979.4 0.065 0.040 0.055 0.050 0072 AT 0.050 Unch 15494 0.055 — — 23.2
0.375 0.100 0.215 0.160 6025 BJMEDIA 0.190 -0.005 52.2 0.187 — — 44.7 0.250 0.140 0.145 0.140 0187 BCMALL 0.145 Unch 153 0.143 10.00 1.38 61.1
5.050 3.852 4.700 4.610 6947 DIGI 4.650 -0.050 5154.1 4.658 24.03 4.11 36,153.8 0.245 0.130 0.130 0.130 0163 CAREPLS 0.130 Unch 30.2 0.130 — — 69.1
0.340 0.180 0.200 0.200 0059 ECOHLDS 0.200 UNCH 50.2 0.200 12.90 — 62.7 0.155 0.075 — — 0102 CONNECT 0.085 — — — — — 28.0
0.775 0.300 0.725 0.700 0082 GPACKET 0.710 -0.020 9060.2 0.711 — — 647.5 0.300 0.180 — — 0190 ESAFE 0.215 — — — 39.09 8.37 51.7
5.756 4.964 5.460 5.400 6012 MAXIS 5.410 -0.060 1093.8 5.427 26.65 3.70 42,308.9 0.200 0.099 — — 0100 ESCERAM 0.160 — — — 43.24 3.75 32.9
0.600 0.325 0.485 0.470 4502 MEDIA 0.475 UNCH 565.7 0.475 — — 526.9 0.548 0.325 0.335 0.325 0039 GFM 0.335 Unch 1154.6 0.329 12.32 3.28 158.0
0.265 0.165 0.180 0.175 5090 MEDIAC 0.175 UNCH 246.5 0.176 — 6.69 295.3 0.205 0.105 0.130 0.130 0175 HHGROUP 0.130 Unch 4.6 0.130 — — 44.1
0.665 0.400 0.595 0.580 0172 OCK 0.595 0.005 3607.2 0.587 19.07 — 518.5 0.155 0.080 0.100 0.095 0160 HHHCORP 0.100 Unch 657 0.098 11.49 — 33.3
0.434 0.320 0.320 0.320 7190 PPG 0.320 -0.020 5 0.320 49.23 1.56 32.0 0.260 0.115 0.200 0.185 0188 HLT 0.195 -0.005 63.3 0.195 — — 99.8
0.290 0.165 0.170 0.165 5252 SASBADI 0.165 UNCH 259.3 0.166 86.84 — 69.2 0.085 0.035 0.040 0.040 0024 JAG 0.040 0.005 201 0.040 — — 60.6
0.700 0.450 0.520 0.500 9431 SJC 0.520 -0.030 10.1 0.520 — — 21.1 0.480 0.178 0.475 0.435 0193 KAB 0.465 -0.010 3925.2 0.457 20.85 2.15 164.6
0.837 0.530 0.540 0.530 6084 STAR 0.535 UNCH 168.7 0.533 — 5.61 395.1 0.145 0.080 0.130 0.125 0167 MCLEAN 0.130 Unch 400 0.128 — — 23.2
9.350 7.329 9.000 8.900 5031 TIMECOM 9.000 -0.040 1022.4 8.987 16.60 1.03 5,269.8 0.235 0.090 0.105 0.105 0081 MEGASUN 0.105 Unch 31 0.105 40.38 — 26.3
4.680 2.097 3.480 3.440 4863 TM 3.480 -0.010 2769.9 3.464 41.63 0.57 13,103.9 0.210 0.105 0.115 0.110 0207 MESTRON 0.115 Unch 1320 0.111 — — 90.9
0.310 0.045 — — 5754 UTUSAN 0.055 — — — — — 6.1 0.700 0.420 0.445 0.430 0213 MTAG 0.435 -0.010 15589 0.435 8.10 — 296.5
TECHNOLOGY 0.110 0.040 0.040 0.040 0177 PASUKGB 0.040 Unch 37.2 0.040 — — 32.6
0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 0.205 0.105 — — 0038 PTB 0.115 — — — — — 21.4
0.190 0.115 0.140 0.130 5195 CENSOF 0.135 0.015 4430.1 0.134 450.00 — 67.7 0.380 0.165 0.185 0.180 0196 QES 0.185 0.005 708 0.180 18.14 — 140.3
0.300 0.160 0.175 0.165 0051 CUSCAPI 0.170 UNCH 843.3 0.169 — — 146.1 0.180 0.040 0.045 0.040 0133 SANICHI 0.045 Unch 106 0.041 — — 49.9
0.985 0.490 0.615 0.590 7204 D&O 0.605 UNCH 10034.3 0.605 21.23 1.65 672.5 0.180 0.090 0.100 0.095 0161 SCH 0.100 Unch 116 0.099 — — 55.6
0.285 0.160 0.160 0.160 8338 DATAPRP 0.160 -0.005 120 0.160 — — 70.0 0.982 0.429 0.820 0.815 0001 SCOMNET 0.815 -0.015 248.2 0.818 31.35 1.23 524.0
0.075 0.040 — — 0029 DIGISTA 0.045 — — — — — 29.6 0.290 0.115 0.150 0.140 0028 SCOPE 0.150 Unch 22.7 0.141 — 3.33 92.9
0.447 0.192 0.275 0.265 4456 DNEX 0.270 UNCH 5257.7 0.269 15.17 1.85 474.7 0.120 0.080 0.080 0.080 0055 SERSOL 0.080 -0.005 203.2 0.080 — — 17.2
0.959 0.277 0.910 0.890 5216 DSONIC 0.910 UNCH 2902.6 0.901 28.44 2.47 1,228.5 0.580 0.260 0.265 0.260 0211 TASHIN 0.265 Unch 184.2 0.264 7.01 — 92.5
0.775 0.380 0.460 0.430 5036 EDARAN 0.445 0.015 1264.5 0.450 — — 26.7 0.491 0.241 0.290 0.285 0084 TECFAST 0.290 -0.005 218.1 0.286 20.42 3.45 66.2
0.813 0.367 0.630 0.620 0065 EFORCE 0.625 -0.005 8235.2 0.625 37.65 2.00 384.6 0.614 0.360 0.360 0.360 0089 TEXCYCL 0.360 Unch 369 0.360 14.06 1.67 92.2
1.414 0.747 0.940 0.920 0090 ELSOFT 0.930 UNCH 1116.4 0.929 20.04 4.84 621.3 0.390 0.215 0.295 0.280 0162 WIDAD 0.295 0.010 6859.2 0.288 29.80 — 724.1
1.790 0.566 1.760 1.710 0128 FRONTKN 1.750 0.020 3638.2 1.744 27.87 1.03 1,843.5 0.180 0.110 — — 0025 YBS 0.115 — — — 15.75 — 27.8
0.220 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 TECHNOLOGY
1.860 1.240 1.370 1.360 0021 GHLSYS 1.370 UNCH 178.8 1.364 37.53 — 1,026.4 0.380 0.175 0.285 0.275 0181 AEMULUS 0.275 -0.010 1692.8 0.277 183.33 0.73 151.1
0.775 0.300 0.725 0.700 0082 GPACKET 0.710 -0.020 9060.2 0.711 — — 647.5 0.170 0.075 — — 0119 APPASIA 0.090 — — — — — 31.1
0.300 0.176 0.275 0.265 0056 GRANFLO 0.275 0.005 119.8 0.270 13.41 1.82 132.9 0.300 0.135 0.140 0.140 0068 ASDION 0.140 Unch 546.6 0.140 — — 17.9
2.470 1.350 2.070 2.030 7022 GTRONIC 2.040 -0.030 3170.2 2.040 23.97 1.35 1,365.7 0.465 0.200 0.275 0.260 0195 BINACOM 0.265 -0.005 481.1 0.266 12.86 3.77 68.9
1.440 0.340 1.060 1.040 5028 HTPADU 1.040 -0.010 835 1.051 — — 105.3 0.347 0.180 0.200 0.195 0191 CABNET 0.200 0.005 75.9 0.196 7.75 4.00 35.8
2.319 1.184 1.910 1.840 0166 INARI 1.910 0.020 7067.2 1.873 31.67 2.72 6,072.1 0.175 0.090 — — 0152 DGB 0.095 — — — — — 71.8
0.105 0.065 0.085 0.085 0131 DGSB 0.085 Unch 128.5 0.085 34.00 — 63.4
0.353 0.242 0.265 0.260 0192 INTA 0.260 -0.005 466.3 0.265 5.54 2.88 139.2 0.025 0.005 0.010 0.010 0154 EAH 0.010 Unch 1224 0.010 — — 50.7
0.130 0.070 — — 9393 ITRONIC 0.095 — — — — — 12.7 0.069 0.014 0.040 0.030 0107 EDUSPEC 0.035 Unch 19094 0.035 — — 42.5
0.280 0.155 0.170 0.160 5161 JCY 0.165 UNCH 1539.4 0.165 — 3.03 342.7 2.015 1.040 1.070 1.050 0104 GENETEC 1.060 -0.020 64.9 1.060 35.69 4.72 44.8
16.818 6.660 7.000 6.880 9334 KESM 6.900 -0.100 3.7 6.916 47.59 2.68 296.8 0.100 0.045 0.065 0.060 0045 GNB 0.065 Unch 260 0.060 — — 18.8
0.205 0.065 0.075 0.065 0143 KEYASIC 0.075 0.010 3678.7 0.068 — — 71.3 1.590 0.635 1.540 1.500 0208 GREATEC 1.510 -0.010 1425.9 1.516 19.76 — 945.3
0.405 0.310 — — 0302 MCOM 0.405 — — — 36.82 — 76.4 0.045 0.015 0.020 0.020 0174 IDMENSN 0.020 Unch 683.3 0.020 — — 5.4
3.173 1.442 2.230 2.150 5286 MI 2.220 0.020 2313.1 2.211 24.45 2.70 1,110.0 0.506 0.180 0.320 0.300 0023 IFCAMSC 0.320 0.010 17916.4 0.311 17.58 3.13 194.7
1.243 0.576 0.730 0.680 0113 MMSV 0.720 0.020 2749.9 0.712 21.56 2.78 146.7 0.120 0.045 0.060 0.060 0094 INIX 0.060 Unch 64.6 0.060 — — 16.3
12.584 8.330 9.150 9.080 3867 MPI 9.150 UNCH 298.2 9.141 13.55 2.95 1,920.4 0.195 0.125 0.145 0.140 0010 IRIS 0.145 Unch 1026.8 0.143 13.18 — 430.1
1.930 0.950 1.060 1.030 5011 MSNIAGA 1.060 0.040 3 1.040 — — 64.0 0.275 0.150 0.180 0.175 0209 ISTONE 0.180 0.005 2145.2 0.176 14.63 — 219.9
1.725 0.779 1.420 1.390 0138 MYEG 1.420 0.010 11299.2 1.404 59.17 1.34 5,121.0 0.970 0.640 0.750 0.740 0146 JFTECH 0.740 Unch 30 0.749 46.54 — 155.4
0.257 0.160 0.170 0.160 0041 MYSCM 0.170 UNCH 1442.6 0.165 — — 54.2 1.430 0.805 1.260 1.240 0127 JHM 1.260 -0.010 439.1 1.250 19.00 1.59 702.6
0.743 0.460 0.530 0.515 0083 NOTION 0.515 -0.015 614.5 0.520 4.86 1.94 171.6 0.292 0.185 0.195 0.185 0111 K1 0.190 Unch 954.6 0.190 16.81 — 138.5
0.450 0.320 0.400 0.395 9008 OMESTI 0.400 UNCH 267.6 0.398 — — 191.4 0.080 0.030 0.035 0.030 0036 KGROUP 0.030 Unch 655.4 0.035 — — 15.6
4.740 1.532 4.700 4.420 7160 PENTA 4.680 0.190 2457.2 4.616 29.62 — 2,222.4 0.737 0.496 0.615 0.605 0176 KRONO 0.610 -0.005 1499.8 0.609 13.03 3.28 298.5
1.030 0.255 0.490 0.465 5204 PRESBHD 0.480 -0.010 10894.7 0.475 — 3.54 232.3 0.160 0.050 0.055 0.050 0018 LAMBO 0.050 Unch 1389.6 0.050 6.49 — 105.1
0.535 0.240 0.450 0.445 9075 THETA 0.445 UNCH 23.5 0.446 — — 47.7 0.545 0.275 0.395 0.370 0075 LYC 0.385 0.010 1969 0.383 — — 128.2
0.025 0.010 0.015 0.010 0118 TRIVE 0.015 0.005 546.2 0.011 — — 35.2 0.065 0.035 0.050 0.045 0017 M3TECH 0.045 Unch 914.1 0.045 — — 26.4
0.200 0.105 — — 4359 TURIYA 0.120 — — — — — 27.4 0.425 0.205 0.300 0.300 0155 MGRC 0.300 Unch 20 0.300 — — 31.1
3.233 1.910 2.100 2.050 5005 UNISEM 2.070 -0.040 464.1 2.074 19.03 3.99 1,519.0 0.700 0.305 0.550 0.550 0126 MICROLN 0.550 Unch 35 0.550 32.16 — 92.1
1.630 1.100 1.590 1.560 5292 UWC 1.570 -0.020 1454 1.572 15.89 — 575.9 0.314 0.175 0.185 0.185 0112 MIKROMB 0.185 Unch 65 0.185 18.88 4.32 109.0
8.444 5.667 8.080 7.850 0097 VITROX 7.960 -0.040 507.7 7.968 35.50 0.72 3,748.8 0.065 0.035 0.040 0.035 0085 MLAB 0.040 Unch 2278.8 0.035 — — 26.8
1.090 0.884 1.030 1.030 5162 VSTECS 1.030 -0.010 87 1.030 6.96 4.85 185.4 0.365 0.200 0.365 0.335 0034 MMAG 0.360 0.025 6419.1 0.358 — — 256.0
0.601 0.325 0.415 0.405 0008 WILLOW 0.405 0.005 45.5 0.405 13.97 2.47 200.9 0.125 0.035 0.055 0.040 0103 MNC 0.040 -0.020 56104.1 0.047 — — 31.3
UTILITIES 0.160 0.090 0.100 0.090 0156 MPAY 0.095 Unch 1107.4 0.095 — — 67.5
0.215 0.090 0.140 0.130 7471 EDEN 0.140 0.005 857.1 0.133 — — 56.5 0.050 0.020 0.025 0.025 0070 MQTECH 0.025 Unch 50 0.025 — — 16.1
2.960 2.587 2.850 2.830 5209 GASMSIA 2.850 UNCH 7.1 2.849 20.07 4.84 3,659.4 0.130 0.050 0.090 0.085 0092 MTOUCHE 0.085 -0.005 2434.2 0.085 — — 43.2
0.923 0.695 0.850 0.840 5264 MALAKOF 0.840 -0.005 73 0.845 14.29 7.07 4,200.0 1.183 0.691 0.725 0.705 0108 N2N 0.710 Unch 56.8 0.710 28.63 2.82 424.5
4.260 2.973 4.260 4.130 3069 MFCB 4.180 0.020 2532.8 4.189 13.38 0.96 1,778.8 0.025 0.005 0.015 0.010 0020 NETX 0.010 Unch 2443.7 0.011 — — 32.7
1.253 1.002 — — 5041 PBA 1.110 — — — — 3.15 367.7 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 654.6 0.013 — — 31.1
19.386 14.596 16.480 16.380 6033 PETGAS 16.400 -0.060 207.7 16.405 17.67 4.39 32,451.2 0.185 0.075 0.080 0.075 0026 NOVAMSC 0.080 Unch 3684.7 0.080 — — 60.1
1.440 0.656 1.170 1.160 5272 RANHILL 1.170 UNCH 310 1.162 25.55 3.70 1,247.2 0.855 0.435 0.705 0.685 0035 OPCOM 0.685 -0.010 6115.6 0.693 — 4.74 110.5
0.298 0.211 0.235 0.225 8567 SALCON 0.230 UNCH 142.7 0.226 54.76 — 194.8 0.364 0.267 0.330 0.330 0040 OPENSYS 0.330 Unch 57.9 0.330 9.91 3.79 98.3
1.013 0.845 0.920 0.905 8524 TALIWRK 0.910 -0.010 132.4 0.914 20.45 5.27 1,834.4 0.230 0.075 0.100 0.095 0079 ORION 0.095 -0.005 2547.7 0.095 29.69 — 67.2
15.049 10.994 13.640 13.540 5347 TENAGA 13.580 -0.020 2350.1 13.577 25.39 3.90 77,227.9 0.730 0.240 — — 0006 PINEAPP 0.330 — — — — — 16.0
1.250 0.910 0.935 0.920 4677 YTL 0.920 -0.010 1075.8 0.927 37.86 4.35 10,115.7 0.095 0.045 0.055 0.050 0123 PRIVA 0.055 0.005 65.1 0.050 — — 30.7
1.027 0.685 0.785 0.770 6742 YTLPOWR 0.775 -0.010 5224.5 0.780 12.94 6.45 6,322.6 1.730 0.867 1.570 1.510 0200 REVENUE 1.530 -0.020 2350.9 1.543 39.43 — 356.5
CLOSED-END FUNDS 0.750 0.525 — — 0106 REXIT 0.615 — — — 14.01 4.88 116.4
2.760 2.300 2.400 2.390 5108 ICAP 2.400 UNCH 34 2.399 78.69 — 336.0 0.335 0.200 0.260 0.255 0202 RGTECH 0.260 Unch 857.8 0.257 45.61 — 136.6
EXCHANGE TRADED FUNDS 0.310 0.090 0.120 0.120 0178 SEDANIA 0.120 -0.005 119.5 0.120 — — 29.8
1.222 1.100 1.212 1.212 0800EA ABFMY1 1.212 0.004 50 1.212 — 1.92 1,567.0 0.610 0.370 — — 0203 SMETRIC 0.500 — — — 151.5 — 121.8
6.140 5.220 5.500 5.420 0829EA CHINAETF-MYR 5.480 0.020 10.4 5.476 — — 9.0 0.150 0.090 0.100 0.090 0117 SMRT 0.100 0.005 325 0.094 — — 40.7
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.275 0.055 0.275 0.265 0169 SMTRACK 0.270 Unch 2566.4 0.270 — — 44.2
1.950 1.780 1.790 1.790 0822EA CIMBA40 1.790 UNCH 7.8 1.790 — 3.83 4.8 0.140 0.080 0.080 0.080 0093 SOLUTN 0.080 -0.005 33 0.080 — — 24.5
1.690 1.450 1.490 1.490 0823EA CIMBC50 1.490 -0.030 12.1 1.490 — — 10.7 0.340 0.195 0.210 0.205 0129 SRIDGE 0.205 -0.015 38 0.208 — — 28.8
1.910 1.670 1.695 1.685 0820EA FBMKLCI-EA 1.685 -0.005 2 1.688 — 1.96 2.8 0.320 0.155 0.155 0.155 0050 SYSTECH 0.155 Unch 132.5 0.155 — 1.29 53.9
1.070 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 0.125 0.045 — — 0132 TDEX 0.055 — — — — — 32.5
1.000 0.790 — — 0825EA METFSID 0.835 — — — — 2.38 73.5 0.145 0.080 — — 0145 TFP 0.080 — — — — — 16.6
1.180 0.900 — — 0827EA METFUS50 1.160 — — — — — 15.1 0.335 0.125 0.135 0.130 0005 UCREST 0.135 0.005 563.5 0.130 9.12 — 62.6
0.330 0.108 0.160 0.155 0060 VC 0.155 Unch 111.4 0.156 — — 60.5
1.200 1.020 1.080 1.080 0821EA MYETFDJ 1.080 -0.015 1 1.080 — 2.26 295.8 0.775 0.305 0.420 0.400 0120 VIS 0.405 -0.005 1863.1 0.411 15.82 2.47 68.5
1.185 1.040 — — 0824EA MYETFID 1.100 — — — — 2.51 43.6 0.030 0.015 0.020 0.015 0069 VIVOCOM 0.020 0.005 2286.7 0.015 — — 113.3
REAL ESTATE INVESTMENT TRUSTS 0.255 0.060 0.090 0.070 0066 VSOLAR 0.075 Unch 135927 0.081 — — 29.0
0.820 0.654 0.785 0.775 4952 AHP 0.785 0.005 16.2 0.777 11.89 7.43 172.7 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.550 1.135 1.500 1.500 5116 ALAQAR 1.500 UNCH 0.8 1.500 12.14 5.90 1,104.0 0.145 0.100 0.120 0.105 0086 YGL 0.105 Unch 10.1 0.120 — — 24.4
0.919 0.719 — — 5269 ALSREIT 0.870 — — — 12.02 6.20 504.6 TELECOMMUNICATIONS & MEDIA
0.552 0.486 0.495 0.490 5120 AMFIRST 0.495 UNCH 126 0.494 16.02 7.96 339.8 0.465 0.200 0.275 0.260 0195 BINACOM 0.265 -0.005 481.1 0.266 12.86 3.77 68.9
0.834 0.755 0.770 0.760 5127 ARREIT 0.765 UNCH 96.5 0.766 33.12 7.54 438.5 0.720 0.400 — — 0147 INNITY 0.450 — — — 29.41 — 62.6
1.215 1.030 1.040 1.040 5130 ATRIUM 1.040 UNCH 1.6 1.040 11.97 7.05 212.8 0.065 0.035 0.050 0.045 0017 M3TECH 0.045 Unch 914.1 0.045 — — 26.4
1.990 1.349 1.860 1.840 5106 AXREIT 1.850 UNCH 1806.9 1.850 14.99 5.14 2,289.0 0.125 0.035 0.055 0.040 0103 MNC 0.040 -0.020 56104 0.047 — — 31.3
1.110 0.919 1.080 1.070 5180 CMMT 1.080 -0.010 72.3 1.079 24.88 6.23 2,215.9 0.130 0.050 0.090 0.085 0092 MTOUCHE 0.085 -0.005 2434.2 0.085 — — 43.2
1.123 0.955 0.990 0.980 5121 HEKTAR 0.980 -0.005 276.7 0.981 14.92 8.51 452.7 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 654.6 0.013 — — 31.1
2.100 1.534 2.030 2.010 5227 IGBREIT 2.020 -0.020 1691.2 2.019 20.91 4.57 7,162.6 0.855 0.435 0.705 0.685 0035 OPCOM 0.685 -0.010 6115.6 0.693 — 4.74 110.5
0.863 0.698 0.845 0.840 5280 KIPREIT 0.840 UNCH 12.8 0.840 12.46 7.18 424.5 0.095 0.045 0.055 0.050 0123 PRIVA 0.055 0.005 65.1 0.050 — — 30.7
8.388 7.136 8.160 8.030 5235SS KLCC 8.070 UNCH 1193.2 8.070 19.98 4.33 14,569.0 0.165 0.060 0.065 0.065 0007 PUC 0.065 Unch 2069.6 0.065 14.77 — 145.0
1.080 1.000 1.020 1.000 5123 MQREIT 1.000 -0.010 38.8 1.009 16.61 7.21 1,071.8 0.510 0.146 0.510 0.480 0032 REDTONE 0.495 0.010 8448.5 0.496 20.29 — 375.6
1.900 1.447 1.830 1.810 5212 PAVREIT 1.820 0.010 7250.2 1.820 19.00 4.86 5,534.8 0.355 0.130 0.135 0.130 0173 REV 0.135 0.005 95 0.130 — — 18.2
1.980 1.534 1.960 1.940 5176 SUNREIT 1.950 UNCH 8382.4 1.950 14.75 4.92 5,742.9 0.310 0.090 0.120 0.120 0178 SEDANIA 0.120 -0.005 119.5 0.120 — — 29.8
0.909 0.813 — — 5111 TWRREIT 0.845 — — — 25.68 7.02 237.0 0.340 0.195 0.210 0.205 0129 SRIDGE 0.205 -0.015 38 0.208 — — 28.8
1.425 1.187 1.250 1.240 5110 UOAREIT 1.240 -0.010 45.5 1.240 14.50 7.36 524.4 0.065 0.040 0.055 0.045 0165 XOX 0.055 0.005 9318.1 0.050 — — 60.1
1.390 1.073 1.350 1.330 5109 YTLREIT 1.340 0.010 335.8 1.336 21.79 5.77 2,283.9 FINANCIAL SERVICES
SPAC 0.075 0.040 0.045 0.040 0150 FINTEC 0.045 Unch 298.9 0.045 1.66 — 28.6
0.51 0.480 — — 5270 RSENA 0.505 — — — — — 505.0 0.600 0.390 — — 0053 OSKVI 0.415 — — — — — 82.0
ENERGY HEALTH CARE
0.155 0.056 0.095 0.090 5115 ALAM 0.095 0.005 3076.3 0.090 — — 92.0 0.245 0.130 0.130 0.130 0163 CAREPLS 0.130 Unch 30.2 0.130 — — 69.1
0.605 0.145 0.325 0.300 5210 ARMADA 0.325 0.015 103569 0.312 — — 1,909.9 0.165 0.090 0.095 0.090 0182 LKL 0.090 -0.005 20 0.090 — — 38.6
0.165 0.025 0.035 0.030 7251 BARAKAH 0.035 UNCH 2715.6 0.030 — — 29.3 0.425 0.205 0.300 0.300 0155 MGRC 0.300 Unch 20 0.300 — — 31.1
1.150 0.212 1.150 1.100 5257 CARIMIN 1.130 0.010 5812.3 1.134 9.17 2.65 264.3 0.600 0.277 0.600 0.565 0201 NOVA 0.580 0.005 2689.6 0.586 15.72 0.86 184.3
1.370 0.735 0.945 0.935 5071 COASTAL 0.940 UNCH 143.8 0.941 34.18 — 500.0 TRANSPORTATION & LOGISTICS
0.035 0.005 0.010 0.005 0091 DAYA 0.005 -0.005 320 0.006 — — 10.2 0.110 0.055 — — 0048 ANCOMLB 0.055 — — — — — 26.0
1.750 0.500 1.680 1.660 5141 DAYANG 1.680 -0.010 5421.1 1.676 8.38 — 1,620.9 0.285 0.195 0.220 0.210 0080 STRAITS 0.215 Unch 1013.1 0.215 20.28 — 139.9
1.281 0.786 1.030 1.000 5132 DELEUM 1.020 -0.010 329.5 1.017 14.57 3.58 409.6 0.500 0.295 0.330 0.330 0199 TRIMODE 0.330 -0.020 14 0.330 15.87 3.03 54.8
3.570 2.703 3.400 3.310 7277 DIALOG 3.380 -0.020 9639.4 3.377 35.54 0.98 19,068.8 CONSTRUCTION
0.510 0.275 0.375 0.365 7253 HANDAL 0.370 0.005 646.5 0.370 — — 81.0 0.355 0.205 0.355 0.335 0198 GDB 0.350 0.015 4775 0.347 8.24 5.71 218.8
7.060 4.290 4.430 4.360 4324 HENGYUAN 4.400 0.040 308.3 4.379 — — 1,320.0 0.392 0.230 0.250 0.240 0206 NADIBHD 0.250 0.010 184.2 0.245 5.92 — 188.3
1.360 0.760 0.955 0.945 5199 HIBISCS 0.950 -0.005 5115.6 0.950 6.56 — 1,508.8 0.050 0.010 0.035 0.025 0109 SCBUILD 0.035 0.005 1608.1 0.031 19.44 — 30.9
0.300 0.115 0.125 0.115 2739 HUAAN 0.125 UNCH 3881.7 0.120 14.20 — 140.3 PLANTATION
0.175 0.040 0.045 0.040 5255 ICON 0.040 UNCH 3163.8 0.040 — — 47.1 0.080 0.065 0.065 0.065 0189 MATANG 0.065 Unch 170 0.065 72.22 3.08 117.7
0.440 0.070 0.380 0.375 7164 KNM 0.380 UNCH 9791.4 0.377 — — 994.0 UTILITIES
0.970 0.495 0.825 0.810 5186 MHB 0.820 UNCH 142.1 0.814 — — 1,312.0 0.347 0.172 0.215 0.210 0011 BTECH 0.210 -0.005 62.7 0.215 12.88 7.62 52.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY OC TOB ER 4, 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 YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.185 0.120 0.160 0.160 7022CY GTRONIC-CY 0.160 -0.005 200 2.040 1.700 6.86 23/01/2020
0.175 0.110 0.165 0.165 7022CZ GTRONIC-CZ 0.165 -0.010 12 2.040 1.880 16.42 30/06/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.095 0.030 0.045 0.035 7676WB GUNUNG-WB 0.045 0.010 36.3 0.335 0.400 32.84 02/10/2020
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.235 0.145 0.160 0.160 516823 HARTA-C23 0.160 Unch 100 5.190 4.500 2.12 29/11/2019
0.555 0.220 0.230 0.220 70342 A50CHIN-C42 0.230 -0.010 5405 7.712 8.024 8.52 31/12/2019 0.080 0.040 0.050 0.050 516828 HARTA-C28 0.050 Unch 80 5.190 5.500 11.75 30/04/2020
0.210 0.115 0.115 0.115 70348 A50CHIN-C48 0.115 -0.010 1300 7.712 9.362 23.63 31/03/2020 0.155 0.120 0.130 0.130 516830 HARTA-C30 0.130 -0.010 15 5.190 5.180 14.84 31/07/2020
0.410 0.020 0.255 0.255 70350 A50CHIN-C50 0.255 -0.010 53.7 7.711 8.292 12.49 31/03/2020 0.295 0.200 0.235 0.235 7105WA HCK-WA 0.235 Unch 25 1.260 0.960 -5.16 26/09/2027
0.215 0.215 0.215 0.215 70352 A50CHIN-C52 0.215 -0.145 650 7.711 8.827 18.65 29/04/2020 0.650 0.230 0.235 0.235 5095WB HEVEA-WB 0.235 Unch 30.6 0.495 0.250 -2.02 28/02/2020
0.085 0.010 0.010 0.010 5238WA AAX-WA 0.010 -0.005 472.6 0.165 0.460 184.85 08/06/2020 0.190 0.035 0.045 0.035 5072WB HIAPTEK-WB 0.035 -0.005 844 0.190 0.500 181.58 23/06/2021
0.225 0.075 0.100 0.100 6599CR AEON-CR 0.100 0.010 44 1.510 1.450 9.27 31/03/2020 0.100 0.065 0.070 0.070 5199C7 HIBISCS-C7 0.070 -0.005 50 0.887 1.000 28.52 30/06/2020
0.045 0.040 0.045 0.040 6599CV AEON-CV 0.040 -0.110 403 1.510 1.800 27.15 15/05/2020 0.155 0.105 0.105 0.105 5199C8 HIBISCS-C8 0.105 Unch 40 0.950 1.000 22.95 31/03/2020
0.130 0.040 0.040 0.040 509981 AIRASIAC81 0.040 -0.015 199.8 1.700 1.847 16.72 31/01/2020 0.135 0.005 0.010 0.010 5199CW HIBISCS-CW 0.010 Unch 123 0.950 1.150 23.16 31/12/2019
0.265 0.090 0.090 0.090 509984 AIRASIAC84 0.090 -0.015 50 1.700 1.642 7.46 28/02/2020 0.665 0.270 0.275 0.270 5199WC HIBISCS-WC 0.275 -0.005 1775.8 0.950 1.060 40.53 19/03/2021
0.145 0.025 0.025 0.025 509987 AIRASIAC87 0.025 -0.005 100 1.700 2.326 39.36 31/01/2020 0.080 0.003 — — 5819CO HLBANK-CO 0.005 — — 2.358 22.000 836.17 23/10/2019
0.100 0.030 0.030 0.030 509988 AIRASIAC88 0.030 -0.010 430 1.700 2.053 24.97 29/05/2020 0.090 0.080 0.080 0.080 5819CP HLBANK-CP 0.080 -0.010 60 16.020 17.280 15.36 30/09/2020
0.065 0.045 0.045 0.045 509991 AIRASIAC91 0.045 -0.005 100 1.700 2.280 41.00 16/03/2020 0.180 0.015 0.020 0.020 5160WA HOMERIZ-WA 0.020 -0.005 15.1 0.645 0.920 45.74 09/07/2020
0.090 0.060 0.060 0.060 509992 AIRASIAC92 0.060 -0.010 930 1.700 1.950 23.88 31/03/2020 0.315 0.125 0.200 0.190 5160WB HOMERIZ-WB 0.195 -0.010 421.2 0.645 0.540 13.95 03/07/2022
0.140 0.110 0.125 0.125 501413 AIRPORT-C13 0.125 0.015 20 8.660 9.000 14.75 31/03/2020 0.200 0.060 0.060 0.060 50410 HSBC-C10 0.060 -0.015 9.3 31.470 36.912 19.77 20/02/2020
0.205 0.040 0.055 0.055 5014C6 AIRPORT-C6 0.055 0.005 20 8.660 8.300 1.56 23/10/2019 0.008 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.045 3.160 6,933 04/11/2019
0.200 0.050 0.145 0.135 5014C8 AIRPORT-C8 0.145 0.005 290 8.660 8.000 2.42 29/11/2019 0.015 0.005 — — 7013WB HUBLINE-WB 0.005 — — 0.045 0.200 355.56 20/12/2020
0.185 0.100 0.140 0.140 5014C9 AIRPORT-C9 0.140 Unch 257.4 8.660 8.000 5.31 30/04/2020 0.055 0.020 0.020 0.020 9601WD HWGB-WD 0.020 Unch 60 0.075 0.320 353.33 15/03/2021
0.070 0.035 0.040 0.040 5115WA ALAM-WA 0.040 Unch 2504 0.095 0.120 68.42 28/03/2022 0.045 0.005 — — 4251WA IBHD-WA 0.005 — — 0.280 1.410 405.36 08/10/2019
0.080 0.030 0.035 0.035 0119WA APPASIA-WA 0.035 -0.005 18 0.090 0.130 83.33 23/12/2024 0.670 0.290 0.410 0.355 9687WB IDEAL-WB 0.360 -0.060 22.6 1.300 1.000 4.62 30/03/2021
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.270 1.000 303.70 30/06/2021 0.015 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.020 0.200 925.00 14/07/2020
0.295 0.090 0.235 0.210 521051 ARMADA-C51 0.235 0.010 409.4 0.325 0.235 8.46 30/06/2020 0.140 0.015 0.045 0.035 522512 IHH-C12 0.040 0.005 400 5.670 5.500 0.53 14/10/2019
0.150 0.065 0.120 0.120 521052 ARMADA-C52 0.120 0.005 50 0.325 0.300 29.23 11/02/2020 0.120 0.100 0.105 0.105 522515 IHH-C15 0.105 0.005 150 5.670 5.600 8.02 15/05/2020
0.135 0.075 0.100 0.100 521053 ARMADA-C53 0.100 Unch 28 0.325 0.280 16.92 27/04/2020 0.210 0.075 0.085 0.075 333630 IJM-C30 0.075 -0.015 385 2.140 2.000 3.97 29/11/2019
0.035 0.005 0.010 0.005 0105WA ASIAPLY-WA 0.005 -0.005 120.5 0.075 0.100 40.00 13/12/2020 0.170 0.075 0.085 0.075 333632 IJM-C32 0.075 -0.015 485 2.140 2.280 13.55 14/02/2020
0.030 0.002 0.005 0.005 639914 ASTRO-C14 0.005 Unch 190 0.740 1.800 144.59 29/11/2019 0.410 0.125 0.380 0.365 16633 INARI-C33 0.380 -0.030 0.3 1.910 1.300 -2.09 31/10/2019
0.155 0.075 0.120 0.120 639918 ASTRO-C18 0.120 -0.025 20 1.450 1.400 8.97 30/06/2020 0.130 0.030 0.050 0.050 16640 INARI-C40 0.050 -0.010 100 1.910 1.860 4.19 31/10/2019
0.285 0.140 0.170 0.150 7579WA AWC-WA 0.150 -0.005 75.1 0.600 0.880 71.67 25/12/2023 0.125 0.080 0.120 0.120 16643 INARI-C43 0.120 0.005 1000 1.910 1.780 15.18 31/01/2020
0.295 0.090 0.090 0.090 688836 AXIATA-C36 0.090 -0.010 20 4.270 3.750 -0.59 23/10/2019 0.150 0.100 0.145 0.140 16645 INARI-C45 0.145 Unch 500 1.910 1.880 21.20 30/06/2020
0.230 0.105 0.105 0.105 688838 AXIATA-C38 0.105 -0.005 50 4.270 4.440 18.74 30/04/2020 0.115 0.050 0.110 0.105 16646 INARI-C46 0.110 Unch 100 1.910 1.800 8.64 28/02/2020
0.180 0.050 0.055 0.055 688839 AXIATA-C39 0.055 Unch 410 4.270 4.880 22.66 31/01/2020 0.105 0.055 0.100 0.095 16647 INARI-C47 0.100 Unch 260 1.910 1.780 8.90 30/04/2020
0.100 0.030 0.030 0.030 688844 AXIATA-C44 0.030 -0.005 1900 4.270 5.380 30.21 14/02/2020 0.125 0.070 0.125 0.120 16648 INARI-C48 0.125 Unch 2552 1.910 1.850 15.18 31/03/2020
0.120 0.055 0.065 0.065 688845 AXIATA-C45 0.065 Unch 250 4.270 4.880 26.46 28/08/2020 0.130 0.110 0.130 0.125 16649 INARI-C49 0.130 Unch 1200 1.910 1.650 6.81 27/04/2020
0.145 0.140 0.140 0.140 688846 AXIATA-C46 0.140 -0.005 80 4.270 4.000 13.35 31/03/2020 0.150 0.100 0.105 0.100 16650 INARI-C50 0.105 Unch 219 1.910 2.080 23.19 30/04/2020
0.330 0.085 0.140 0.140 7078WA AZRB-WA 0.140 -0.010 8.6 0.335 0.630 129.85 13/05/2024 1.880 0.710 1.360 1.330 0166WB INARI-WB 1.350 Unch 206.5 1.910 0.533 -1.40 17/02/2020
0.485 0.170 0.310 0.300 0098WA BAHVEST-WA 0.305 Unch 915.9 0.510 0.430 44.12 20/08/2024 0.050 0.010 0.015 0.010 0094WA INIX-WA 0.010 -0.005 505.9 0.060 0.100 83.33 16/11/2020
0.095 0.045 0.045 0.045 4162CP BAT-CP 0.045 -0.005 501 18.300 23.500 34.56 15/05/2020 0.008 0.005 — — 196120 IOICORP-C20 0.005 — — 0.402 5.000 1,149 07/10/2019
0.140 0.085 0.085 0.085 4162CQ BAT-CQ 0.085 -0.005 50 18.300 20.000 27.87 28/08/2020 0.100 0.050 0.055 0.055 196122 IOICORP-C22 0.055 Unch 0.5 4.280 4.300 5.61 31/03/2020
0.009 0.004 — — 5248C5 BAUTO-C5 0.005 — — 0.254 2.800 1,008 14/02/2020 0.080 0.045 0.050 0.050 5249CW IOIPG-CW 0.050 Unch 350 1.140 1.280 21.05 30/04/2020
0.395 0.115 0.245 0.230 5258WA BIMB-WA 0.240 0.005 130.7 3.980 4.720 24.62 04/12/2023 0.020 0.005 — — 0024WB JAG-WB 0.005 — — 0.040 0.150 287.50 15/11/2020
0.125 0.055 0.055 0.055 0179WA BIOHLDG-WA 0.055 -0.005 0.1 0.195 0.220 41.03 05/01/2022 0.685 0.150 0.490 0.480 4723WB JAKS-WB 0.490 0.005 32 0.755 0.640 49.67 13/12/2023
0.070 0.030 — — 3395WB BJCORP-WB 0.030 — — 0.235 1.000 338.30 22/04/2022 0.080 0.055 0.060 0.060 8923WA JIANKUN-WA 0.060 0.005 130 0.350 0.320 8.57 23/12/2021
0.095 0.050 0.055 0.050 3395WC BJCORP-WC 0.055 Unch 603.6 0.235 1.000 348.94 29/05/2026 0.170 0.050 0.075 0.070 0111WC K1-WC 0.070 Unch 65.5 0.190 0.300 94.74 30/12/2021
0.200 0.080 0.085 0.080 1562CZ BJTOTO-CZ 0.080 -0.015 120 2.560 2.600 7.81 28/02/2020 0.045 0.010 0.020 0.020 0170WA KANGER-WA 0.020 -0.010 118.8 0.060 0.100 100.00 13/04/2020
0.025 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 684.4 0.045 0.070 100.00 08/11/2025 0.030 0.015 0.030 0.025 3115WC KBUNAI-WC 0.030 0.005 2012.8 0.105 0.131 53.33 20/10/2023
0.030 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 9.8 0.045 0.070 100.00 29/05/2027 0.345 0.140 0.245 0.235 7161WB KERJAYA-WB 0.245 -0.005 2.5 1.290 1.600 43.02 28/02/2023
0.175 0.050 0.065 0.065 6297WA BOXPAK-WA 0.065 Unch 50 1.100 2.040 91.36 13/03/2022 0.025 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.030 0.200 583.33 01/05/2020
0.045 0.005 — — 7188WA BTM-WA 0.005 — — 0.095 0.940 894.74 20/12/2019 0.400 0.200 0.210 0.210 5171WA KIMLUN-WA 0.210 -0.060 66.5 1.200 1.680 57.50 12/03/2024
0.660 0.210 0.255 0.240 7174WA CAB-WA 0.255 0.010 59.2 0.455 0.170 -6.59 08/02/2020 0.315 0.010 0.150 0.140 7164WB KNM-WB 0.140 -0.010 8056.8 0.380 1.000 200.00 21/04/2020
0.390 0.150 0.265 0.255 7154WA CAELY-WA 0.255 -0.015 308.4 0.460 0.190 -3.26 22/04/2021 0.100 0.010 0.060 0.050 7017WB KOMARK-WB 0.060 -0.005 304.8 0.280 0.230 3.57 21/01/2020
0.130 0.005 — — 7076WA CBIP-WA 0.005 — — 0.485 2.400 395.88 06/11/2019 0.035 0.005 0.010 0.005 0018WB LAMBO-WB 0.005 Unch 520 0.050 0.160 230.00 29/04/2024
0.195 0.070 0.100 0.090 7035WA CCK-WA 0.100 0.010 1465.2 0.520 0.900 92.31 18/06/2023 0.275 0.125 0.155 0.155 9385WA LAYHONG-WA 0.155 Unch 424.6 0.425 0.400 30.59 13/10/2021
0.110 0.045 0.045 0.045 102348 CIMB-C48 0.045 Unch 500 5.010 5.200 9.18 31/01/2020 0.260 0.135 0.150 0.140 8494WB LBICAP-WB 0.145 Unch 143 0.645 0.500 0.00 24/06/2024
0.075 0.005 — — 102349 CIMB-C49 0.005 — — 0.839 5.880 603.81 04/11/2019 0.085 0.010 0.015 0.015 6633CC LHI-CC 0.015 Unch 25 0.890 1.100 26.12 31/03/2020
0.110 0.025 0.030 0.025 102353 CIMB-C53 0.030 0.005 214 5.010 5.250 7.78 29/11/2019 0.040 0.005 0.005 0.005 6633CD LHI-CD 0.005 Unch 1 0.745 1.350 82.21 31/03/2020
0.145 0.145 0.145 0.145 102356 CIMB-C56 0.145 Unch 200 5.010 4.600 6.29 30/04/2020 0.120 0.020 0.025 0.025 6633CE LHI-CE 0.025 Unch 260 0.890 1.180 36.80 09/12/2019
0.090 0.015 0.040 0.030 285217 CMSB-C17 0.030 -0.015 1229 2.590 3.150 25.10 14/02/2020 0.050 0.005 0.005 0.005 6633CF LHI-CF 0.005 Unch 1700 0.890 1.380 56.18 09/12/2019
0.430 0.110 0.210 0.210 8125WB DAIBOCI-WB 0.210 Unch 1 1.820 2.500 48.90 19/06/2022 0.060 0.010 0.035 0.025 6633CK LHI-CK 0.035 0.010 8445.6 0.890 0.950 14.61 28/02/2020
0.440 0.175 0.235 0.225 5276WA DANCO-WA 0.235 Unch 91.3 0.490 0.300 9.18 22/05/2022 0.220 0.170 0.220 0.195 6633CL LHI-CL 0.220 0.015 1296 0.890 0.750 8.99 28/08/2020
0.015 0.005 0.005 0.005 7179WB DBE-WB 0.005 -0.005 8832.4 0.025 0.050 120.00 22/01/2022 0.090 0.070 0.090 0.085 6633CM LHI-CM 0.090 0.005 370.1 0.890 0.900 15.28 30/04/2020
0.140 0.030 0.065 0.065 3484WA DBHD-WA 0.065 -0.005 9.6 0.395 0.580 63.29 27/11/2020 0.082 0.005 — — 7126WA LONBISC-WA 0.005 — — 0.100 0.800 705.00 26/01/2020
0.085 0.025 0.035 0.025 727744 DIALOG-C44 0.025 -0.010 223.2 3.380 3.400 3.55 31/12/2019 0.040 0.015 0.020 0.020 5068WA LUSTER-WA 0.020 Unch 200 0.070 0.100 71.43 03/06/2022
0.165 0.110 0.115 0.110 727746 DIALOG-C46 0.115 -0.005 80 3.380 3.280 10.65 31/03/2020 0.055 0.005 0.010 0.005 0140WA MACPIE-WA 0.010 Unch 255 0.135 0.480 262.96 17/02/2021
0.205 0.120 0.120 0.120 727747 DIALOG-C47 0.120 -0.005 100 3.380 3.150 3.85 31/03/2020 0.350 0.135 0.180 0.180 7617WB MAGNA-WB 0.180 0.005 20 0.995 0.900 8.54 04/09/2020
0.105 0.075 0.075 0.075 727750 DIALOG-C50 0.075 -0.005 60 3.380 3.380 11.09 08/05/2020 0.240 0.130 0.180 0.175 3859C4 MAGNUM-C4 0.175 -0.040 200 2.690 2.500 5.95 28/02/2020
0.140 0.050 0.055 0.050 694729 DIGI-C29 0.055 -0.010 553.9 4.650 4.800 7.96 31/03/2020 0.140 0.090 0.100 0.090 3859C5 MAGNUM-C5 0.090 -0.030 180 2.690 3.000 18.22 16/03/2020
0.140 0.060 0.085 0.085 694730 DIGI-C30 0.085 -0.005 100 4.650 4.600 9.89 30/04/2020 0.065 0.005 0.005 0.005 8583WC MAHSING-WC 0.005 Unch 468.5 0.378 2.100 456.88 21/02/2020
0.090 0.035 0.035 0.035 694734 DIGI-C34 0.035 -0.010 0.3 4.650 5.550 22.74 28/02/2020 0.260 0.040 0.045 0.040 5236WA MATRIX-WA 0.045 Unch 233 1.900 2.400 28.68 20/07/2020
0.040 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.045 0.260 511.11 04/04/2023 0.090 0.035 0.035 0.035 601210 MAXIS-C10 0.035 Unch 99.8 5.410 5.600 6.75 31/12/2019
0.150 0.045 0.060 0.060 4456WD DNEX-WD 0.060 -0.005 3259.6 0.270 0.500 107.41 30/07/2021 0.140 0.060 0.065 0.060 601212 MAXIS-C12 0.065 -0.005 360.1 5.410 5.400 5.82 29/11/2019
0.060 0.015 0.015 0.015 5265WA DOLPHIN-WA 0.015 -0.005 128 0.095 0.800 757.89 29/03/2021 0.125 0.080 0.090 0.090 601214 MAXIS-C14 0.090 -0.010 160 5.410 5.580 11.46 28/02/2020
0.330 0.065 0.145 0.135 161975 DRBHCOMC75 0.140 -0.015 58 2.340 2.000 3.42 31/12/2019 0.005 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020
0.320 0.110 0.120 0.120 161977 DRBHCOMC77 0.120 -0.005 65 2.340 2.100 5.13 26/11/2019 0.060 0.030 0.030 0.030 115559 MAYBANKC59 0.030 Unch 100 8.480 9.000 9.32 30/04/2020
0.240 0.075 0.075 0.075 161980 DRBHCOMC80 0.075 -0.025 55 2.340 2.500 16.45 23/12/2019 0.150 0.115 0.120 0.115 115560 MAYBANKC60 0.115 -0.010 250 8.480 8.880 11.50 31/03/2020
0.215 0.065 0.065 0.065 161981 DRBHCOMC81 0.065 Unch 606 2.340 2.700 23.16 20/12/2019 0.535 0.250 0.390 0.390 5152WA MBL-WA 0.390 -0.005 43.3 1.200 0.800 -0.83 28/11/2022
0.310 0.090 0.115 0.110 161982 DRBHCOMC82 0.115 Unch 90 2.340 2.100 4.49 29/11/2019 0.500 0.180 0.320 0.315 5983CI MBMR-CI 0.320 -0.005 149.9 3.980 3.880 13.57 11/02/2020
0.260 0.115 0.135 0.135 161983 DRBHCOMC83 0.135 0.005 7 2.340 2.100 12.82 29/05/2020 0.365 0.130 0.255 0.240 5983CJ MBMR-CJ 0.250 Unch 761.6 3.980 3.180 5.03 30/04/2020
0.180 0.055 0.055 0.055 161985 DRBHCOMC85 0.055 Unch 112 2.340 2.880 30.13 28/02/2020 0.185 0.110 0.115 0.110 5983CK MBMR-CK 0.115 Unch 91.9 3.980 4.600 28.58 31/03/2020
0.195 0.060 0.065 0.060 161986 DRBHCOMC86 0.060 -0.005 315 2.340 3.080 38.80 31/03/2020 0.200 0.145 0.150 0.145 5983CL MBMR-CL 0.150 Unch 450 3.980 4.380 25.13 27/04/2020
0.265 0.115 0.115 0.115 161987 DRBHCOMC87 0.115 Unch 40 2.340 2.480 20.73 30/04/2020 0.095 0.080 0.085 0.080 5983CM MBMR-CM 0.085 Unch 100 3.980 4.280 24.62 30/09/2020
0.210 0.075 0.075 0.075 161988 DRBHCOMC88 0.075 -0.005 80.2 2.340 2.880 32.69 08/05/2020 0.105 0.045 — — 5040WA MERIDIAN-WA 0.085 — — 0.070 0.500 735.71 13/08/2021
0.190 0.065 0.070 0.070 161989 DRBHCOMC89 0.070 Unch 230.2 2.340 2.700 24.36 30/06/2020 0.030 0.005 — — 5040WB MERIDIAN-WB 0.010 — — 0.070 0.900 1,200 22/04/2022
0.085 0.050 0.050 0.050 161990 DRBHCOMC90 0.050 Unch 1100 2.340 3.380 49.79 31/03/2020 0.035 0.005 — — 5040WC MERIDIAN-WC 0.015 — — 0.070 0.800 1,064 24/08/2024
0.125 0.095 0.095 0.095 161991 DRBHCOMC91 0.095 -0.010 200 2.340 2.880 35.26 28/08/2020 0.200 0.050 0.195 0.185 7234WA MESB-WA 0.195 0.010 81.5 0.405 0.300 22.22 27/12/2022
0.145 0.120 0.120 0.120 161992 DRBHCOMC92 0.120 Unch 306.2 2.340 2.300 15.21 16/03/2020 0.200 0.105 0.190 0.175 3069CE MFCB-CE 0.185 0.020 100 4.180 3.800 8.61 31/03/2020
0.470 0.050 0.430 0.415 5216WA DSONIC-WA 0.425 Unch 2438.1 0.910 1.090 66.48 05/07/2023 0.195 0.145 0.195 0.175 3069CF MFCB-CF 0.190 0.010 1365.2 4.180 3.880 11.00 16/03/2020
0.850 0.160 0.180 0.160 7165WA DWL-WA 0.170 -0.025 1208.5 0.525 0.600 46.67 07/04/2021 2.010 1.010 2.010 1.800 3069WA MFCB-WA 1.990 0.050 488.5 4.180 2.220 0.72 08/04/2020
0.090 0.025 0.035 0.025 5178WA DYNACIA-WA 0.035 Unch 26 0.080 0.120 93.75 26/12/2023 0.570 0.125 0.310 0.290 3662WC MFLOUR-WC 0.300 -0.010 162 0.615 0.680 59.35 23/01/2024
0.010 0.005 — — 0154WD EAH-WD 0.005 — — 0.010 0.050 450.00 25/10/2022 0.230 0.025 0.060 0.055 5286CD MI-CD 0.060 Unch 205.5 2.220 2.250 13.51 26/11/2019
0.320 0.070 0.180 0.180 5253WA ECONBHD-WA 0.180 Unch 1152.3 0.720 1.250 98.61 02/01/2023 0.175 0.160 0.170 0.170 381624 MISC-C24 0.170 -0.005 20 7.800 7.250 8.21 29/05/2020
0.030 0.005 0.010 0.005 8206CV ECOWLD-CV 0.005 -0.005 7184.9 0.635 0.880 40.16 30/04/2020 0.140 0.050 0.065 0.060 9571WE MITRA-WE 0.065 Unch 160 0.270 0.940 272.22 17/04/2023
0.300 0.120 0.145 0.140 8206WA ECOWLD-WA 0.145 Unch 113 0.635 2.080 250.39 26/03/2022 0.010 0.003 — — 0085WB MLAB-WB 0.005 — — 0.040 0.150 287.50 10/09/2020
0.080 0.030 0.045 0.045 7471WB EDEN-WB 0.045 Unch 252.3 0.140 0.300 146.43 13/08/2021 0.150 0.055 0.150 0.140 0034WB MMAG-WB 0.150 0.010 3630.9 0.360 0.200 -2.78 27/11/2022
0.150 0.080 0.080 0.080 8877C1 EKOVEST-C1 0.080 Unch 300 0.745 0.950 43.62 31/03/2020 0.014 0.005 — — 219413 MMCCORP-C13 0.005 — — 0.177 1.380 685.31 14/10/2019
0.095 0.025 0.025 0.025 8877CU EKOVEST-CU 0.025 -0.015 100 0.745 1.100 55.70 20/12/2019 0.025 0.005 0.010 0.005 0103WA MNC-WA 0.005 Unch 61.5 0.040 0.100 162.50 05/11/2021
0.165 0.065 0.065 0.065 8877CV EKOVEST-CV 0.065 -0.005 600 0.745 1.080 66.78 09/12/2019 0.070 0.020 0.020 0.020 0103WB MNC-WB 0.020 Unch 2729.4 0.040 0.060 100.00 05/09/2024
0.145 0.065 0.070 0.070 8877CX EKOVEST-CX 0.070 Unch 92 0.745 0.880 36.91 30/04/2020 0.025 0.005 0.005 0.005 0070WA MQTECH-WA 0.005 Unch 1705 0.025 0.100 320.00 21/11/2021
0.155 0.075 0.080 0.075 8877CY EKOVEST-CY 0.080 Unch 690 0.745 0.830 32.89 29/05/2020 0.105 0.045 0.055 0.055 165152 MRCB-C52 0.055 -0.005 400 0.705 0.980 49.15 30/04/2020
0.215 0.115 0.215 0.185 7249WB EWEIN-WB 0.195 -0.005 6093.9 0.625 0.800 59.20 24/09/2022 0.115 0.065 0.070 0.065 165154 MRCB-C54 0.065 -0.010 180 0.705 0.830 29.72 31/03/2020
0.260 0.090 0.100 0.090 5283WA EWINT-WA 0.100 Unch 705.5 0.640 1.450 142.19 04/04/2022 0.370 0.180 0.205 0.200 1651WB MRCB-WB 0.205 Unch 337.7 0.705 1.250 106.38 29/10/2027
0.110 0.005 0.010 0.005 06507B FBMKLCI-C7B 0.010 Unch 310 638.62 1,625 155.55 29/11/2019 0.025 0.005 — — 0092WB MTOUCHE-WB 0.005 — — 0.085 0.480 470.59 16/03/2020
0.155 0.030 0.030 0.030 06507C FBMKLCI-C7C 0.030 -0.010 335 867.95 1,770 104.97 31/12/2019 0.045 0.005 0.020 0.015 0092WC MTOUCHE-WC 0.020 0.005 1000.1 0.085 0.200 158.82 02/11/2020
0.215 0.050 0.050 0.050 06507E FBMKLCI-C7E 0.050 -0.015 550 1,564 1,660 7.73 31/01/2020 0.040 0.010 0.015 0.015 0043WA MTRONIC-WA 0.015 Unch 20 0.055 0.080 72.73 16/04/2022
0.080 0.005 0.010 0.005 06507F FBMKLCI-C7F 0.010 -0.005 290.4 644.95 1,670 160.02 31/12/2019 0.390 0.115 0.170 0.165 13860 MYEG-C60 0.165 Unch 100 1.420 1.100 0.70 29/11/2019
0.040 0.010 0.010 0.010 06507H FBMKLCI-C7H 0.010 -0.010 320 544.71 1,700 213.38 31/01/2020 0.240 0.065 0.065 0.065 13863 MYEG-C63 0.065 -0.005 170 1.420 1.200 -1.76 23/10/2019
0.070 0.035 0.035 0.035 06507L FBMKLCI-C7L 0.035 -0.005 347 1,564 1,600 3.86 28/02/2020 0.180 0.010 0.010 0.010 13868 MYEG-C68 0.010 Unch 100 1.420 1.850 31.90 31/10/2019
0.205 0.170 0.170 0.170 06507N FBMKLCI-C7N 0.170 -0.015 2195 1,564 1,640 8.11 31/03/2020 0.165 0.025 0.025 0.025 13869 MYEG-C69 0.025 -0.010 200 1.420 1.650 21.48 31/01/2020
0.045 0.040 0.045 0.040 06507O FBMKLCI-C7O 0.040 Unch 2342.2 1,564 1,590 3.45 31/03/2020 0.240 0.090 0.090 0.090 13871 MYEG-C71 0.090 Unch 80 1.420 1.350 7.75 29/11/2019
0.110 0.055 0.095 0.095 06508B FBMKLCI-H8B 0.095 0.005 5 1,564 1,618 9.52 31/01/2020 0.140 0.075 0.075 0.075 13877 MYEG-C77 0.075 Unch 740.1 1.420 1.750 38.03 31/03/2020
0.250 0.030 0.125 0.120 06508C FBMKLCI-H8C 0.120 0.010 136 1,564 1,650 10.86 31/10/2019 0.075 0.040 0.065 0.065 13878 MYEG-C78 0.065 -0.005 3100 1.420 1.980 53.17 28/02/2020
0.145 0.035 0.105 0.100 06508D FBMKLCI-H8D 0.105 0.015 257.9 1,564 1,625 8.59 29/11/2019 0.095 0.045 0.045 0.045 13879 MYEG-C79 0.045 Unch 450 1.420 2.080 55.35 31/03/2020
0.330 0.210 0.295 0.295 06508F FBMKLCI-H8F 0.295 0.010 148 1,564 1,610 8.60 31/12/2019 0.045 0.035 0.040 0.035 0041WA MYSCM-WA 0.035 Unch 2458.1 0.170 0.250 67.65 22/09/2024
0.210 0.120 0.205 0.205 06508G FBMKLCI-H8G 0.205 0.035 10 1,564 1,640 11.41 31/01/2020 0.305 0.170 0.190 0.190 0108WB N2N-WB 0.190 Unch 1.2 0.710 0.830 43.66 08/01/2024
0.185 0.070 0.175 0.170 06508H FBMKLCI-H8H 0.170 0.010 64 1,564 1,670 14.38 31/12/2019 0.008 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.015 0.100 600.00 16/05/2022
0.175 0.105 0.155 0.155 06508K FBMKLCI-H8K 0.155 0.010 312 1,564 1,689 17.89 30/06/2020 0.010 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.015 0.260 1,667 21/07/2023
0.130 0.065 0.095 0.095 06508L FBMKLCI-H8L 0.095 0.005 12.5 1,564 1,589 7.67 30/06/2020 0.015 0.005 — — 0096WC NEXGRAM-WC 0.005 — — 0.015 0.100 600.00 15/01/2024
0.320 0.285 0.320 0.315 06508P FBMKLCI-H8P 0.320 0.025 38 1,564 1,580 7.16 31/03/2020 0.335 0.100 0.130 0.125 7241WA NGGB-WA 0.125 Unch 38 0.390 0.600 85.90 18/10/2020
0.105 0.105 0.105 0.105 06508Q FBMKLCI-H8Q 0.105 Unch 79 1,564 1,590 6.36 31/03/2020 0.045 0.010 0.025 0.025 7139WB NICE-WB 0.025 Unch 30 0.055 0.060 54.55 22/01/2024
0.575 0.055 0.075 0.055 522267 FGV-C67 0.065 -0.020 932 0.845 0.800 2.37 31/10/2019 0.095 0.045 0.055 0.050 7215WB NIHSIN-WB 0.055 0.005 946.5 0.170 0.138 13.53 13/05/2022
0.150 0.015 0.015 0.015 522276 FGV-C76 0.015 -0.005 619.1 0.845 1.150 39.64 28/02/2020 0.375 0.150 0.175 0.175 0083WC NOTION-WC 0.175 Unch 3 0.515 0.840 97.09 14/03/2023
0.085 0.015 0.015 0.015 522278 FGV-C78 0.015 -0.005 839.9 0.845 1.180 44.44 31/01/2020 0.150 0.060 0.110 0.100 0172WA OCK-WA 0.110 Unch 1950.8 0.595 0.710 37.82 15/12/2020
0.130 0.045 0.045 0.045 522280 FGV-C80 0.045 -0.005 260 0.845 1.050 32.25 30/06/2020 0.100 0.015 0.025 0.020 7071WC OCR-WC 0.025 Unch 100.1 0.260 0.500 101.92 24/07/2021
0.135 0.085 0.090 0.085 522281 FGV-C81 0.085 -0.010 1920 0.845 0.950 26.51 31/03/2020 0.125 0.045 0.060 0.060 7071WD OCR-WD 0.060 Unch 230 0.260 0.220 7.69 18/02/2022
0.195 0.125 0.190 0.180 0128CA FRONTKN-CA 0.190 0.005 900 1.750 1.380 11.43 30/06/2020 0.145 0.030 0.055 0.055 0079WA ORION-WA 0.055 -0.005 1634.5 0.095 0.170 136.84 26/07/2022
0.145 0.090 0.135 0.130 0128CB FRONTKN-CB 0.135 -0.005 1520 1.750 1.680 19.14 30/06/2020 0.110 0.020 0.025 0.025 5053WC OSK-WC 0.025 Unch 265.6 0.960 1.200 27.60 22/07/2020
0.155 0.100 0.150 0.150 0128CC FRONTKN-CC 0.150 -0.005 200 1.750 1.880 28.86 11/02/2020 0.365 0.100 0.160 0.155 5260WA OWG-WA 0.160 0.005 51.8 0.515 0.800 86.41 29/09/2023
0.110 0.070 0.090 0.090 0128CD FRONTKN-CD 0.090 Unch 315 1.750 1.880 22.86 31/03/2020 0.240 0.180 0.210 0.190 8419WA PANSAR-WA 0.210 Unch 135.8 0.580 0.630 44.83 06/06/2023
0.100 0.075 0.085 0.085 0128CF FRONTKN-CF 0.085 -0.005 823.5 1.750 2.180 39.14 16/03/2020 0.150 0.045 0.070 0.065 5125WA PANTECH-WA 0.070 -0.005 45 0.490 0.500 16.33 21/12/2020
0.450 0.075 0.185 0.180 9261WB GADANG-WB 0.185 -0.005 400.3 0.645 1.060 93.02 29/11/2021 0.160 0.060 0.110 0.100 5125WB PANTECH-WB 0.110 0.010 38 0.490 0.500 24.49 21/12/2021
0.280 0.110 0.175 0.170 539867 GAMUDA-C67 0.170 -0.015 100.6 3.600 3.000 2.22 31/01/2020 0.305 0.185 0.210 0.200 1724WA PARAMON-WA 0.205 -0.010 228 1.350 1.790 47.78 28/07/2024
0.260 0.120 0.135 0.135 539869 GAMUDA-C69 0.135 -0.010 65.4 3.600 3.250 5.28 29/11/2019 0.055 0.025 0.030 0.025 7225WB PA-WB 0.030 Unch 13 0.055 0.060 63.64 17/12/2022
0.125 0.100 0.105 0.100 539876 GAMUDA-C76 0.100 -0.010 160 3.600 4.000 23.61 30/04/2020 0.150 0.005 — — 129530 PBBANK-C30 0.005 — — 2.332 26.500 1,040 23/10/2019
0.470 0.125 0.270 0.250 5398WE GAMUDA-WE 0.270 Unch 1061.2 3.600 4.050 20.00 06/03/2021 0.100 0.005 0.010 0.005 129533 PBBANK-C33 0.010 0.005 690.5 13.414 23.000 72.58 31/01/2020
0.520 0.135 0.380 0.370 5226WB GBGAQRS-WB 0.380 0.005 176.8 1.250 1.120 20.00 26/09/2023 0.265 0.010 0.010 0.010 129535 PBBANK-C35 0.010 -0.010 100 9.680 23.280 141.53 09/12/2019
0.225 0.065 0.160 0.150 5102CB GCB-CB 0.160 0.020 105 4.360 3.650 0.23 23/10/2019 0.095 0.015 0.015 0.015 129536 PBBANK-C36 0.015 -0.010 50 11.616 25.000 116.64 31/03/2020
0.170 0.045 0.110 0.110 5102CC GCB-CC 0.110 0.015 10 4.360 3.880 1.61 29/11/2019 0.115 0.055 0.055 0.055 129537 PBBANK-C37 0.055 -0.020 275.8 19.280 21.880 16.91 31/03/2020
0.200 0.040 0.045 0.045 5102CE GCB-CE 0.045 Unch 100 4.360 4.180 0.00 07/10/2019 0.150 0.070 0.075 0.070 129538 PBBANK-C38 0.070 -0.020 220 19.280 20.500 10.68 15/05/2020
0.250 0.050 0.210 0.185 5102CF GCB-CF 0.210 0.035 193 4.360 3.500 -0.46 14/10/2019 0.085 0.040 0.040 0.040 129539 PBBANK-C39 0.040 -0.045 200 19.280 22.000 16.60 29/05/2020
0.180 0.130 0.180 0.155 5102CG GCB-CG 0.175 0.015 960.7 4.360 4.100 14.11 15/05/2020 0.315 0.035 0.145 0.140 6068WA PCCS-WA 0.140 Unch 875.8 0.405 0.600 82.72 25/12/2022
0.145 0.110 0.145 0.140 5102CH GCB-CH 0.145 0.015 546.7 4.360 4.380 16.09 31/03/2020 0.115 0.005 — — 518331 PCHEM-C31 0.005 — — 2.510 9.150 265.94 31/12/2019
0.155 0.110 0.155 0.140 5102CI GCB-CI 0.155 0.020 1510 4.360 4.100 11.81 13/04/2020 0.085 0.010 0.010 0.010 518333 PCHEM-C33 0.010 Unch 300 7.470 8.880 20.08 31/01/2020
0.190 0.020 0.025 0.020 0078WB GDEX-WB 0.025 Unch 241.3 0.280 0.383 45.54 05/02/2020 0.075 0.020 0.030 0.030 518334 PCHEM-C34 0.030 -0.005 151 7.470 8.880 22.09 30/06/2020
0.300 0.015 0.015 0.015 471550 GENM-C50 0.015 -0.005 654.8 2.990 3.077 4.36 31/10/2019 0.170 0.090 0.140 0.135 518338 PCHEM-C38 0.140 0.005 32.3 7.470 6.950 8.03 15/05/2020
0.250 0.045 0.050 0.045 471557 GENM-C57 0.050 Unch 578 2.990 3.300 17.06 28/02/2020 0.120 0.095 0.095 0.095 518339 PCHEM-C39 0.095 -0.005 300 7.470 7.600 11.91 29/05/2020
0.185 0.005 0.005 0.005 471558 GENM-C58 0.005 Unch 285.6 1.515 3.650 141.98 31/10/2019 0.185 0.115 0.150 0.145 518340 PCHEM-C40 0.150 Unch 65.8 7.470 7.300 9.77 31/03/2020
0.050 0.025 0.025 0.025 471561 GENM-C61 0.025 Unch 2 2.990 4.300 47.16 30/04/2020 0.195 0.055 0.075 0.055 9997WB PENSONI-WB 0.075 Unch 10.2 0.400 0.600 68.75 20/01/2024
0.150 0.110 0.110 0.110 471563 GENM-C63 0.110 -0.005 6520.1 2.990 3.400 27.69 30/04/2020 0.540 0.195 0.515 0.485 7160CA PENTA-CA 0.515 0.050 43 4.680 2.700 1.71 29/05/2020
0.090 0.055 0.055 0.055 471564 GENM-C64 0.055 -0.005 2 2.990 3.400 21.07 15/05/2020 0.475 0.170 0.475 0.475 7160CB PENTA-CB 0.475 0.015 1 4.680 2.920 2.99 29/05/2020
0.145 0.105 0.105 0.105 471565 GENM-C65 0.105 -0.005 2986.2 2.990 2.900 11.04 29/05/2020 0.430 0.160 0.405 0.400 7160CC PENTA-CC 0.405 0.035 23 4.680 3.400 2.94 31/01/2020
0.105 0.075 0.075 0.075 471566 GENM-C66 0.075 -0.010 10 2.990 3.080 18.06 28/08/2020 0.300 0.115 0.300 0.260 7160CD PENTA-CD 0.300 0.030 923.8 4.680 3.500 3.63 20/02/2020
0.110 0.080 0.080 0.080 471567 GENM-C67 0.080 -0.005 1000 2.990 3.300 21.07 27/04/2020 0.385 0.125 0.370 0.325 7160CE PENTA-CE 0.370 0.040 2766.2 4.680 3.400 4.27 28/02/2020
0.165 0.010 0.010 0.010 318268 GENTINGC68 0.010 -0.010 400 2.850 6.600 133.33 29/11/2019 0.330 0.110 0.315 0.275 7160CF PENTA-CF 0.315 0.045 259.7 4.680 3.880 6.46 16/03/2020
0.130 0.020 0.020 0.020 318270 GENTINGC70 0.020 -0.010 350 5.690 6.700 20.21 30/04/2020 0.325 0.145 0.320 0.280 7160CG PENTA-CG 0.315 0.035 503 4.680 4.080 9.39 13/03/2020
0.150 0.025 0.025 0.025 318272 GENTINGC72 0.025 Unch 3548 5.690 6.680 20.04 14/02/2020 0.110 0.005 0.010 0.005 8311WC PESONA-WC 0.010 0.005 345 0.200 0.250 30.00 27/01/2020
0.130 0.060 0.060 0.060 318273 GENTINGC73 0.060 -0.010 70 5.690 6.880 25.45 31/03/2020 0.120 0.015 0.030 0.030 6033CT PETGAS-CT 0.030 -0.005 1 16.400 17.880 11.77 31/01/2020
0.100 0.070 0.070 0.070 318275 GENTINGC75 0.070 Unch 10 5.690 6.300 18.10 15/05/2020 0.160 0.075 0.100 0.100 886927 PMETAL-C27 0.100 -0.015 0.2 4.690 4.300 2.35 31/12/2019
0.100 0.085 0.085 0.085 318276 GENTINGC76 0.085 -0.005 10 5.690 6.080 18.80 28/08/2020 0.130 0.090 0.095 0.090 886931 PMETAL-C31 0.090 -0.015 30.2 4.690 5.000 14.29 30/06/2020
0.110 0.110 0.110 0.110 318278 GENTINGC78 0.110 Unch 30 5.690 5.750 10.72 30/07/2020 0.150 0.115 0.120 0.115 886933 PMETAL-C33 0.115 -0.010 320 4.690 4.600 10.34 15/05/2020
0.245 0.085 0.090 0.085 0039WC GFM-WC 0.090 -0.005 450.4 0.335 0.380 40.30 28/01/2022 0.105 0.085 0.085 0.085 886934 PMETAL-C34 0.085 Unch 100 4.690 5.100 17.80 29/05/2020
0.170 0.040 0.070 0.050 5220WA GLOTEC-WA 0.065 0.015 71.7 0.400 0.720 96.25 17/12/2021 0.620 0.395 0.530 0.530 7088WB POHUAT-WB 0.530 -0.005 2.5 1.530 1.000 0.00 21/10/2020
0.280 0.050 0.280 0.270 0082WB GPACKET-WB 0.270 -0.005 58983 0.710 0.400 -5.63 24/11/2023 0.240 0.005 0.010 0.005 463433 POS-C33 0.010 Unch 630.2 1.700 2.000 18.82 31/10/2019
0.070 0.015 0.040 0.035 7096WA GPA-WA 0.040 Unch 2078.4 0.105 0.100 33.33 03/06/2025 0.105 0.005 0.005 0.005 463434 POS-C34 0.005 Unch 20 1.700 2.380 41.18 29/11/2019
0.200 0.065 0.175 0.160 7022C1 GTRONIC-C1 0.160 -0.020 1642.9 2.040 1.880 7.84 14/02/2020 0.115 0.025 0.040 0.035 463435 POS-C35 0.040 Unch 1363.1 1.700 1.900 21.18 20/12/2019
0.130 0.020 0.030 0.030 7022CV GTRONIC-CV 0.030 -0.020 112 2.040 2.000 3.92 23/10/2019 0.230 0.170 0.210 0.210 463436 POS-C36 0.210 -0.015 50 1.700 1.680 23.53 28/08/2020
0.125 0.065 0.105 0.100 7022CX GTRONIC-CX 0.100 -0.015 55 2.040 2.080 16.67 06/01/2020 0.130 0.105 0.120 0.110 463438 POS-C38 0.120 0.005 820 1.700 1.700 21.18 31/03/2020
FRIDAY O CTOB E R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Australian — Shares lose nearly A$44
billlion in value as global risks hammer
sentiment
SDYNEY: Australian shares dropped more
than 2% yesterday, losing about A$44 billion in
value, as Washington’s move to slap tariffs on
Europe and weak US data added to escalating
fears over slowing global economic growth.
The S&P/ASX 200 Index dived 2.22% or
146.9 points to 6,493, its lowest close in over
a month.
Overnight, the US said it will slap tariffs on
US$7.5 billion worth of goods from the European
Union, threatening to spark a transatlantic trade
war as global markets grapple with the more
than year-long US-China trade tussle.
Also originating from the US was two
straight days of weak data — in the form of
manufacturing and private jobs figures —
with investors now awaiting today’s non-farm
payrolls for further clues about the health
of the world’s largest economy.
“Numbers out of the US need to improve in
the next couple of months for investors to feel
more confident that a recession is not around
the corner,” said Michael Gable, the managing
director at Sydney-based Fairmont Equities.
Concerns about the state of the world
economy led to a broad sell-off in Australia,
with gold stocks the only bright spot as
investors sought safe-havens.
Just 15 out of the 200 stocks on the benchmark
ended the session in positive territory, with
financial stocks dominating losses.
The big four banks were among the top
drags, with National Australia Bank (NAB)
losing 3.5%. The other three closed between
2.4% and 2.8% lower. Morgan Stanley
downgraded NAB, and warned that all the
major banks should lower their payout ratios
and target higher capital levels instead.
Energy and mining stocks were also
among top losers on sustained weakness
in oil prices and commodities. Global miners
BHP Group and Rio Tinto lost 3.2% and 4.2%.
Gold stocks saw support on safe-haven
buying, with Newcrest Mining up 2.8%.
Elsewhere, agricultural firm Webster Ltd
surged 54% to a near 16-month high after
it received an A$854 million takeover offer
from shareholder PSP Investments.
US — Wall Street tumbles as trade war
threatens US economy
NEW YORK: Wall Street’s main indices
suffered their sharpest one-day declines
in nearly six weeks on Wednesday after
employment and manufacturing data
suggested that the US-China trade war is
taking an increasing toll on the US economy.
Adding to trade concerns, the United
States won approval on Wednesday to levy
import tariffs on US$7.5 billion worth of
European goods over illegal European Union
subsidies handed to Airbus , threatening to
trigger a tit-for-tat transatlantic trade war.
All 11 major S&P sector indices fell, with
energy and financials each down more than 2%.
The ADP National Employment Report
showed private payrolls growth in August was
not as strong as previously estimated, and
said “businesses have turned more cautious
in their hiring,” with small enterprises
becoming “especially hesitant.”
That added to fears sparked on Tuesday when
a report showed US factory activity contracted
to its lowest level in more than a decade.
“The fact the manufacturing side of the
economy in the US and globally is doing
badly shouldn’t come as a newsflash to
anybody. But the extent of the miss yesterday
is something that’s driven this two-day move,”
said Greg Boutle, head of US equity and
derivative strategy at BNP Paribas.
The recent weak data has shaken investor
faith in the strength of the domestic economy,
which had shown relative resilience in the face
of slowing global growth. Confidence in the US
economy has helped support Wall Street this year.
“If China buys less from us, we have less
to manufacture, fewer orders to fill. This
data is indicating we are not immune to this
trade dispute, that it’s hurting us as well as
China,” said Sam Stovall, chief investment
strategist at CFRA Research.
The focus is now on the US Labor
Department’s more comprehensive jobs
report today for further clues on the health
of the US economy.
The S&P 500 and the Dow Jones Industrial
Average slipped below their 100-day moving
averages for the first time in about a month.
Many investors believe that falling below
such moving averages means the indexes
are likely to fall further.
The S&P 500 is now about 5% below its
all-time high hit in July after coming within
striking distance of the mark two weeks
ago. Over the past 12 months, the S&P 500
is down about 1%.
The Dow dropped 1.86% to 26,078.62 points,
while the S&P 500 lost 1.79% to 2,887.61.The
Nasdaq Composite fell 1.56% to 7,785.25.
Volume on US exchanges was eight billion
shares, compared with the 7.3 billion average
for the full session over the last 20 trading days.
The Cboe Volatility Index, an options-
based gauge of investor anxiety, rose 1.9
points to 20.47, its highest in about a month.
Activision Blizzard Inc dropped 1.2%
after Bernstein downgraded the videogame
maker’s shares to “market perform.”
Ford Motor Co shares fell 3.3% after the
carmaker reported a fall of about 5% in US
auto sales for the third quarter. General
Motors Co slumped 4% after its quarterly
sales came in slightly short of US car
shopping website Edmunds’ forecast.
Among bright spots, homebuilder Lennar
Corp rose 3.8% after the company reported a
better-than-expected profit as cheaper mortgage
rates led to higher demand for its homes.
Johnson & Johnson gained 1.5% after the
drugmaker said it will pay US$20 million to
settle claims by two Ohio counties, allowing
it to avoid an upcoming federal trial seeking
to hold the industry responsible for the
nation’s opioid epidemic. — Reuters

ASX 200 FT Straits Times Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
6900 3700 27500 3900

2,774.06
6040 3375 23025 3415
2,772.70

5180 3050 18550 2930

10,403.79
6,493.00
4320
-146.90 2725 3,087.97 14075 26,078.62 2445 3,413.31
(-2.21%) -104.94
-15.48 -494.42
4,686.53 (-0.50%) (-1.86%) (-2.98%)
3460 2400 9600 1960
Mar 1, 2010 Oct 3, 2019 Mar 1, 2010 Oct 3, 2019 Mar 1, 2010 Oct 2, 2019 Mar 1, 2010 Oct 2, 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
0.225 0.190 0.200 0.200 463439 POS-C39 0.200 Unch 50 1.700 1.300 11.76 30/04/2020 0.460 0.040 0.060 0.055 7252WA TEOSENG-WA 0.060 0.010 89.5 1.160 1.350 21.55 29/01/2020
0.080 0.065 0.065 0.065 463440 POS-C40 0.065 Unch 1200 1.700 1.880 25.88 13/04/2020 0.105 0.030 0.035 0.030 7889WB THRIVEN-WB 0.030 -0.005 117.4 0.180 0.480 183.33 05/10/2020
0.075 0.070 0.070 0.070 463442 POS-C42 0.070 Unch 210 1.700 2.300 45.59 30/04/2020 0.025 0.005 — — 7079WC TIGER-WC 0.015 — — 0.055 0.320 509.09 11/02/2021
0.210 0.040 0.190 0.175 8966WA PRLEXUS-WA 0.190 0.005 1489.7 0.820 1.200 69.51 14/06/2021 0.255 0.040 0.045 0.040 486342 TM-C42 0.045 Unch 20 3.480 3.580 9.34 04/11/2019
0.080 0.010 0.020 0.015 7145WA PSIPTEK-WA 0.020 -0.005 1179.6 0.115 0.100 4.35 16/11/2019 0.485 0.170 0.205 0.205 486343 TM-C43 0.205 Unch 0.2 3.480 2.800 4.02 31/03/2020
0.135 0.025 0.035 0.030 0186WA PTRANS-WA 0.030 Unch 221 0.205 0.235 29.27 19/09/2020 0.230 0.050 0.050 0.050 486348 TM-C48 0.050 Unch 100.2 3.480 3.750 14.94 30/04/2020
0.120 0.035 0.035 0.035 0007WA PUC-WA 0.035 -0.005 10 0.065 0.100 107.69 25/12/2024 0.210 0.040 0.040 0.040 486350 TM-C50 0.040 -0.005 70 3.480 4.600 37.36 31/01/2020
0.390 0.100 0.120 0.110 7134WA PWF-WA 0.120 0.010 70 0.730 0.620 1.37 20/07/2021 0.150 0.015 0.015 0.015 486353 TM-C53 0.015 Unch 7992.3 3.480 4.680 36.64 28/02/2020
0.760 0.210 0.695 0.690 7237WA PWROOT-WA 0.690 -0.010 35 2.100 1.540 6.19 24/07/2023 0.125 0.085 0.085 0.085 486357 TM-C57 0.085 -0.005 18.5 3.480 3.880 23.71 15/05/2020
0.105 0.040 0.045 0.040 7084CN QL-CN 0.040 -0.015 402.4 7.100 7.000 1.97 29/11/2019 0.100 0.075 0.075 0.075 486358 TM-C58 0.075 Unch 120 3.480 4.180 30.89 29/05/2020
0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.230 1.000 336.96 13/12/2019 0.175 0.140 0.140 0.140 486359 TM-C59 0.140 -0.005 20 3.480 3.550 20.11 31/03/2020
0.135 0.040 0.045 0.045 5256WA REACH-WA 0.045 Unch 232.5 0.190 0.750 318.42 12/08/2022 0.100 0.005 0.005 0.005 711348 TOPGLOV-C48 0.005 Unch 100 2.310 5.000 117.75 29/11/2019
0.730 0.330 0.660 0.630 0200WA REVENUE-WA 0.650 0.005 1290.1 1.530 1.250 24.18 14/01/2024 0.145 0.100 0.100 0.100 711361 TOPGLOV-C61 0.100 -0.010 5.5 4.480 4.680 15.63 28/02/2020
0.115 0.015 0.035 0.030 106613 RHBBANKC13 0.030 -0.005 150 5.580 5.600 3.05 29/11/2019 0.260 0.075 0.110 0.095 7173WB TOYOINK-WB 0.105 Unch 378.8 0.660 1.500 143.18 06/11/2023
0.110 0.015 0.030 0.020 106616 RHBBANKC16 0.020 -0.010 1104 5.580 5.500 0.72 14/10/2019 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020
0.105 0.055 0.060 0.060 8567WB SALCON-WB 0.060 Unch 664 0.230 0.300 56.52 19/07/2025 0.085 0.030 0.030 0.030 514871 UEMS-C71 0.030 Unch 230 0.675 0.780 22.22 28/02/2020
0.100 0.020 0.020 0.020 521876 SAPNRGC76 0.020 Unch 38.2 0.265 0.420 69.06 31/01/2020 0.085 0.015 0.015 0.015 500516 UNISEM-C16 0.015 Unch 50 2.070 3.500 71.26 06/01/2020
0.145 0.040 0.095 0.095 521879 SAPNRGC79 0.095 -0.005 210 0.265 0.300 31.13 31/07/2020 0.090 0.030 0.045 0.040 0060WB VC-WB 0.045 0.005 841.1 0.155 0.150 25.81 06/05/2024
0.080 0.060 0.060 0.060 521880 SAPNRGC80 0.060 -0.010 100 0.265 0.280 28.30 28/08/2020 0.170 0.050 0.115 0.110 5243WA VELESTO-WA 0.110 -0.005 2764.8 0.315 0.395 60.32 18/10/2024
0.180 0.085 0.115 0.110 5218WA SAPNRG-WA 0.110 Unch 11568.2 0.265 0.490 126.42 23/01/2026 0.355 0.100 0.115 0.115 0120WB VIS-WB 0.115 Unch 323 0.405 0.750 113.58 16/11/2022
0.170 0.050 0.050 0.050 5157WA SAUDEE-WA 0.050 Unch 70 0.265 0.500 107.55 31/03/2021 0.010 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.020 0.070 275.00 22/01/2020
0.170 0.015 0.165 0.130 7247WA SCGM-WA 0.155 0.015 791.7 1.210 3.960 240.08 31/07/2020 0.005 0.001 — — 0069WD VIVOCOM-WD 0.005 — — 0.020 0.070 275.00 08/07/2020
0.075 0.020 0.025 0.025 0161WA SCH-WA 0.025 -0.005 50 0.100 0.100 25.00 04/12/2021 0.010 0.005 0.010 0.005 0069WE VIVOCOM-WE 0.010 0.005 20432.3 0.020 0.050 200.00 22/08/2023
0.175 0.120 0.170 0.165 4731CG SCIENTX-CG 0.170 Unch 413.6 9.020 8.200 5.99 29/05/2020 0.670 0.310 0.435 0.380 7070WC VIZIONE-WC 0.435 0.040 277.6 0.905 0.700 25.41 05/02/2022
0.065 0.005 0.030 0.025 7158WB SCOMI-WB 0.030 0.005 356.5 0.075 0.210 220.00 18/02/2023 0.105 0.040 0.050 0.050 696316 VS-C16 0.050 0.005 28.2 1.320 1.200 0.38 14/10/2019
0.540 0.370 0.495 0.490 0001WA SCOMNET-WA 0.490 -0.005 18.3 0.815 0.650 39.88 19/06/2024 0.135 0.075 0.110 0.105 696319 VS-C19 0.110 Unch 257.5 1.320 1.250 15.53 31/01/2020
0.060 0.010 0.030 0.025 7073WC SEACERA-WC 0.030 0.005 3080.3 0.250 1.000 312.00 21/01/2021 0.155 0.080 0.125 0.125 696320 VS-C20 0.125 -0.005 3 1.320 1.280 15.91 30/06/2020
0.420 0.185 0.410 0.385 7180WA SERN-WA 0.400 Unch 246.9 0.800 0.400 0.00 20/03/2023 0.105 0.060 0.090 0.090 696321 VS-C21 0.090 Unch 200 1.320 1.280 17.42 11/02/2020
0.100 0.040 0.045 0.045 7246WA SIGN-WA 0.045 Unch 159.6 0.475 0.970 113.68 21/04/2021 0.115 0.090 0.095 0.095 696322 VS-C22 0.095 Unch 83.2 1.320 1.420 21.97 29/05/2020
0.110 0.010 0.010 0.010 419735 SIME-C35 0.010 -0.015 30 2.290 2.500 10.39 31/10/2019 0.105 0.080 0.085 0.085 696323 VS-C23 0.085 Unch 460 1.320 1.400 23.45 30/04/2020
0.009 0.005 — — 5285CK SIMEPLT-CK 0.005 — — 0.377 6.180 1,547 07/10/2019 0.170 0.110 — — 967920 WCT-C20 0.120 — — 0.880 1.060 47.73 29/05/2020
0.075 0.055 0.075 0.075 7155CT SKPRES-CT 0.075 Unch 0.1 1.100 1.200 27.50 31/03/2020 0.200 0.045 0.055 0.050 9679WE WCT-WE 0.050 -0.005 294.9 0.880 2.080 142.05 27/08/2020
0.115 0.050 0.065 0.050 9776WC SMCAP-WC 0.065 0.010 22.1 0.145 0.200 82.76 29/08/2023 0.180 0.085 0.090 0.090 0197WA WEGMANS-WA 0.090 Unch 50 0.265 0.300 47.17 13/01/2022
0.135 0.040 0.105 0.065 5242WA SOLID-WA 0.100 0.030 4765.9 0.335 0.210 -7.46 16/12/2020 0.180 0.050 0.090 0.080 0162WA WIDAD-WA 0.085 0.005 2871.6 0.295 0.350 47.46 05/08/2023
0.055 0.025 0.025 0.025 0093WA SOLUTN-WA 0.025 Unch 25 0.080 0.200 181.25 04/07/2021 0.160 0.135 — — 5246C1 WPRTS-C1 0.140 — — 4.190 4.000 7.16 23/01/2020
0.185 0.090 0.120 0.110 0080WA STRAITS-WA 0.120 Unch 1269 0.215 0.115 9.30 10/08/2022 0.120 0.080 — — 5246C2 WPRTS-C2 0.100 — — 4.190 4.000 5.01 29/05/2020
0.040 0.005 0.010 0.005 1201WA SUMATEC-WA 0.010 -0.005 3438.6 0.010 0.320 3,200 03/03/2021 0.125 0.040 — — 5246CZ WPRTS-CZ 0.040 — — 4.190 4.180 3.10 14/10/2019
0.450 0.210 0.380 0.370 5211WB SUNWAY-WB 0.370 -0.010 726.2 1.690 1.790 27.81 03/10/2024 0.165 0.070 0.120 0.115 7245WA WZSATU-WA 0.120 0.005 552.5 0.235 0.380 112.77 28/10/2024
0.200 0.075 0.105 0.105 710669 SUPERMX-C69 0.105 0.005 26.1 1.590 1.450 4.40 28/02/2020 0.030 0.005 — — 5156WD XDL-WD 0.010 — — 0.085 0.180 123.53 17/01/2022
0.065 0.040 0.045 0.040 710673 SUPERMX-C73 0.045 0.005 320 1.590 1.800 20.28 11/02/2020 0.150 0.005 — — 7003WA Y&G-WA 0.005 — — 0.045 1.000 2,133 16/11/2019
0.140 0.100 0.115 0.110 710675 SUPERMX-C75 0.115 Unch 160 1.590 1.500 13.87 31/03/2020 0.240 0.140 — — 7293C1 YINSON-C1 0.140 — — 6.610 6.600 12.56 31/01/2020
0.135 0.055 0.070 0.065 7186WB SWSCAP-WB 0.070 -0.005 51 0.650 0.900 49.23 19/07/2023 0.135 0.075 — — 7293C2 YINSON-C2 0.075 — — 6.610 6.750 10.06 29/05/2020
0.040 0.005 — — 7082WB SYF-WB 0.005 — — 0.195 0.700 261.54 11/11/2019 0.155 0.065 — — 7293C3 YINSON-C3 0.065 — — 6.610 7.800 24.39 20/02/2020
0.045 0.015 0.025 0.020 1538WB SYMLIFE-WB 0.025 Unch 1.7 0.385 0.790 111.69 11/11/2020 0.160 0.110 — — 7293C4 YINSON-C4 0.110 — — 6.610 6.880 19.06 30/04/2020
0.435 0.050 0.260 0.250 6139CC TAKAFUL-CC 0.250 Unch 20.5 6.000 4.600 1.67 29/11/2019 0.125 0.070 — — 7293C5 YINSON-C5 0.070 — — 6.610 7.880 27.69 08/05/2020
0.450 0.120 0.285 0.285 6139CD TAKAFUL-CD 0.285 Unch 0.1 6.000 4.400 1.83 29/11/2019 0.575 0.095 0.440 0.430 7293CW YINSON-CW 0.430 -0.040 25 6.610 4.350 -1.66 31/12/2019
0.320 0.065 0.140 0.110 6139CE TAKAFUL-CE 0.125 Unch 520.5 6.000 5.300 0.83 31/01/2020 0.130 0.095 — — 7293CX YINSON-CX 0.395 — — 6.610 5.280 9.76 07/10/2019
0.190 0.030 0.030 0.030 6139CF TAKAFUL-CF 0.030 -0.005 15 6.000 6.800 16.33 26/11/2019 0.425 0.065 0.305 0.305 7293CY YINSON-CY 0.305 -0.015 21 6.610 4.750 -0.45 14/10/2019
0.125 0.025 0.040 0.040 6139CG TAKAFUL-CG 0.040 Unch 180 6.000 7.700 32.00 28/02/2020 0.470 0.285 0.295 0.295 7293CZ YINSON-CZ 0.295 -0.005 200 6.610 5.500 3.29 23/01/2020
0.045 0.025 0.035 0.035 6139CH TAKAFUL-CH 0.035 -0.005 6 6.000 6.680 15.42 08/05/2020 0.035 0.005 — — 7020WB YKGI-WB 0.005 — — 0.100 0.500 405.00 28/05/2020
0.070 0.055 0.055 0.055 6139CI TAKAFUL-CI 0.055 -0.010 20 6.000 7.000 22.17 16/03/2020 0.475 0.025 — — 7066WA YONGTAI-WA 0.035 — — 0.190 0.500 181.58 24/06/2020
0.145 0.110 0.145 0.130 6139CJ TAKAFUL-CJ 0.130 0.005 67.2 6.000 6.200 14.17 31/03/2020 0.130 0.005 — — 467723 YTL-C23 0.005 — — 0.498 1.250 152.01 29/11/2019
0.105 0.090 0.105 0.090 6139CK TAKAFUL-CK 0.090 Unch 110 6.000 6.000 7.50 30/07/2020 0.180 0.145 — — 467725 YTL-C25 0.180 — — 0.920 1.100 39.13 29/11/2019
0.055 0.030 0.045 0.040 7097WA TAWIN-WA 0.040 -0.005 14.8 0.105 0.200 128.57 05/08/2022 0.150 0.025 0.025 0.025 467726 YTL-C26 0.025 Unch 200 0.920 1.180 33.70 31/03/2020
0.170 0.030 0.130 0.130 534757 TENAGA-C57 0.130 Unch 7.2 13.580 12.600 2.36 31/01/2020 0.075 0.040 — — 467727 YTL-C27 0.040 — — 0.920 1.280 47.83 09/12/2019
0.240 0.100 0.130 0.130 534758 TENAGA-C58 0.130 Unch 10 13.580 12.500 1.62 23/12/2019 0.045 0.010 — — 467728 YTL-C28 0.030 — — 0.920 1.080 25.54 08/05/2020
0.195 0.120 0.130 0.130 534759 TENAGA-C59 0.130 -0.005 200 13.580 13.200 6.77 06/01/2020 0.125 0.015 — — 6742C8 YTLPOWR-C8 0.015 — — 0.775 0.900 18.06 29/11/2019
0.165 0.105 0.125 0.125 534760 TENAGA-C60 0.125 -0.005 100 13.580 12.800 3.46 30/04/2020 0.020 0.005 — — 6742C9 YTLPOWR-C9 0.005 — — 0.775 1.080 40.65 04/11/2019
0.130 0.085 0.090 0.085 534764 TENAGA-C64 0.090 Unch 680 13.580 13.880 10.16 08/05/2020
0.140 0.115 0.125 0.125 534766 TENAGA-C66 0.125 -0.005 310 13.580 13.580 11.97 31/03/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on October 2, 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. Top Permian Basin drillers
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Chevron has started fewer new Permian Basin wells this year than rival Exxon Mobil,
AIRASIA GROUP 300,000 DATO’ ABDEL AZIZ @ ABDUL AZIZ 989,500 30/9 which runs more drilling rigs. Both companies project they will produce around one
ABU BAKAR million barrels per day in the field in the next five years.
AMMB 101,600 EMPLOYEES PROVIDENT FUND BOARD 239,665,249 27/9
ASTRO MALAYSIA 517,400 EMPLOYEES PROVIDENT FUND BOARD 437,530,500 30/9
AXIATA GROUP (521,200) EMPLOYEES PROVIDENT FUND BOARD 1,462,941,341 26 & 27/9
AXIS REAL ESTATE (524,300) EMPLOYEES PROVIDENT FUND BOARD 192,368,069 27/9
INVESTMENT TRUST
AXIS REAL ESTATE (120,100) LEMBAGA TABUNG HAJI 70,064,406 1/10
INVESTMENT TRUST
BERMAZ AUTO 769,600 EMPLOYEES PROVIDENT FUND BOARD 119,278,900 27/9
BIMB 264,400 EMPLOYEES PROVIDENT FUND BOARD 217,381,201 27/9
BIMB 446,000 PERMODALAN NASIONAL 94,574,803 30/9
CIMB GROUP 2,311,700 EMPLOYEES PROVIDENT FUND BOARD 1,291,094,222 24 - 26/9
CIMB GROUP (521,572) KUMPULAN WANG PERSARAAN 609,629,590 30/8, 5
(DIPERBADANKAN) & 12/9
COASTAL CONTRACTS 168,800 NG CHIN HENG 243,787,601 30/9 & 1/10
DUOPHARMA BIOTECH 294,000 EMPLOYEES PROVIDENT FUND BOARD 49,847,848 27/9
ECO WORLD DEVELOPMENT 3,605,429 EMPLOYEES PROVIDENT FUND BOARD 176,797,200 27/9
GROUP
GABUNGAN AQRS (60,000) KUMPULAN WANG PERSARAAN 27,031,442 1/10
(DIPERBADANKAN)
GADANG 500,000 EMPLOYEES PROVIDENT FUND BOARD 38,736,800 27/9
GLOBETRONICS TECHNOLOGY (928,400) EMPLOYEES PROVIDENT FUND BOARD 80,611,430 27/9
HARTALEGA 323,300 EMPLOYEES PROVIDENT FUND BOARD 199,820,395 27/9
IGB REAL ESTATE (1,567,600) EMPLOYEES PROVIDENT FUND BOARD 331,591,066 27/9
INVESTMENT TRUST
IHH HEALTHCARE 393,000 EMPLOYEES PROVIDENT FUND BOARD 602,421,900 27/9 The Permian Basin’s largest land holders
IMASPRO CORPORATION (448,000) CHAN WENG FUI 1,748,100 27/9
INARI AMERTRON (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 243,272,400 27/9 Occidental Petroleum is the largest land holder in the top US shale field, followed by
IOI PROPERTIES GROUP 101,300 VERTICAL CAPACITY 3,459,089,441 27/9 & 1/10
KLCC PROPERTY 73,200 EMPLOYEES PROVIDENT FUND BOARD 95,021,930 30/9 Chevron.
KOSSAN RUBBER INDUSTRIES (1,406,300) EMPLOYEES PROVIDENT FUND BOARD 78,114,400 25/9
KPJ HEALTHCARE 1,562,200 EMPLOYEES PROVIDENT FUND BOARD 473,659,880 27/9
KUANTAN FLOUR MILLS 27,290,000 WONG SAK KUAN 27,290,000 1/10
LBS BINA GROUP (750,000) KUMPULAN WANG PERSARAAN 177,151,240 1/10
(DIPERBADANKAN)
LTKM 2,356,900 LADANG TERNAKAN KELANG 100,405,706 2/10
MALAYAN BANKING (375,000) PERMODALAN NASIONAL 878,945,979 30/9
MATRIX CONCEPTS 230,000 EMPLOYEES PROVIDENT FUND BOARD 65,045,007 30/9
MMC CORPORATION 11,444,800 AMANAHRAYA TRUSTEE 567,081,000 30/9
- AMANAH SAHAM BUMIPUTERA
PADINI 98,200 EMPLOYEES PROVIDENT FUND BOARD 54,787,600 27/9
PAVILION REAL ESTATE (1,207,800) EMPLOYEES PROVIDENT FUND BOARD 210,812,603 27/9
INVESTMENT TRUST
PETRONAS CHEMICALS GROUP (1,965,100) EMPLOYEES PROVIDENT FUND BOARD 574,352,300 27/9
PETRONAS DAGANGAN 121,000 EMPLOYEES PROVIDENT FUND BOARD 65,301,211 27/9
PETRONAS GAS 189,000 EMPLOYEES PROVIDENT FUND BOARD 182,668,100 27/9
PPB GROUP 524,900 EMPLOYEES PROVIDENT FUND BOARD 173,408,349 27/9
PRICEWORTH INTERNATIONAL (1,114,000) LIM NYUK FOH 317,302,713 1/10
PUBLIC BANK (155,900) EMPLOYEES PROVIDENT FUND BOARD 498,019,600 27/9
QL RESOURCES 241,000 EMPLOYEES PROVIDENT FUND BOARD 96,428,575 27/9
RHB BANK 807,800 EMPLOYEES PROVIDENT FUND BOARD 1,656,770,404 27/9
RIMBUNAN SAWIT (1,125,000) TIONG KIONG KING 7,549,600 30/9
1 & 2/10
RUBBEREX CORPORATION (M) 180,000 DATO’ ABD RAHIM ABD HALIM 972400 1/10
S P SETIA 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 482,530,566 27/9 Stocks closest to year high Stocks closest to year low
SERBA DINAMIK 2,455,100 KUMPULAN WANG PERSARAAN 95,326,500 1/10
(DIPERBADANKAN) STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
SIME DARBY (908,000) EMPLOYEES PROVIDENT FUND BOARD 662,512,575 27/9
SIME DARBY PLANTATION 1,090,300 EMPLOYEES PROVIDENT FUND BOARD 1,021,181,974 27/9 PENERGY 1.240 1.110 1.240 3556.7 TMCLIFE 0.660 0.645 0.645 119.3
SUNWAY REAL ESTATE 6,717,000 KUMPULAN WANG PERSARAAN 164,311,800 1/10 PENTA-CD 0.300 0.260 0.300 923.8 MQREIT 1.020 1.000 1.000 38.8
INVESTMENT TRUST (DIPERBADANKAN) PENTA-CB 0.475 0.475 0.475 1 KPS 0.650 0.645 0.645 114.4
SUPERLON (939,400) KUMPULAN WANG PERSARAAN 9,252,400 23 - 27/9 SALUTE 0.835 0.755 0.830 9412.2 PMETAL-C31 0.095 0.090 0.090 30.2
(DIPERBADANKAN)
GENTINGC78 0.110 0.110 0.110 30 RSAWIT 0.130 0.120 0.125 460.7
SYARIKAT TAKAFUL (80,000) EMPLOYEES PROVIDENT FUND BOARD 52,176,947 27/9
KPOWER 0.995 0.985 0.990 4371.6 MAXIS-C12 0.065 0.060 0.065 360.1
MALAYSIA KELUARGA
TIGER SYNERGY (1,538,900) DATO’ TAN WEI LIAN 88,960,934 27 & 30/9 MFCB-CF 0.195 0.175 0.190 1365.2 MRCB-C54 0.070 0.065 0.065 180
TOP GLOVE CORPORATION 1,229,000 EMPLOYEES PROVIDENT FUND BOARD 168,321,522 27/9 MFCB 4.260 4.130 4.180 2532.8 PBBANK-C39 0.040 0.040 0.040 200
TUNE PROTECT GROUP (399,300) KUMPULAN WANG PERSARAAN 45,792,300 1/10 MFCB-WA 2.010 1.800 1.990 488.5 FGV-C81 0.090 0.085 0.085 1920
(DIPERBADANKAN) HSI-C7X 0.110 0.100 0.110 132 EKOVEST-CU 0.025 0.025 0.025 100
V.S. INDUSTRY (3,323,000) KUMPULAN WANG PERSARAAN 201,494,975 1/10
LHI-CL 0.220 0.195 0.220 1296 MAGNUM-C5 0.100 0.090 0.090 180
(DIPERBADANKAN)
GCB-CG 0.180 0.155 0.175 960.7 PBBANK-C38 0.075 0.070 0.070 220
WESTPORTS (428,200) EMPLOYEES PROVIDENT FUND BOARD 180,942,300 27/9
YINSON 50,000 KUMPULAN WANG PERSARAAN 105,755,000 1/10 GCB-CI 0.155 0.140 0.155 1510 FGV-C67 0.075 0.055 0.065 932
(DIPERBADANKAN) GCB 4.380 4.120 4.360 1811.4 TAKAFUL-CK 0.105 0.090 0.090 110
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder FBMKLCI-H8P 0.320 0.315 0.320 38 AEON-CV 0.045 0.040 0.040 403
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with MMAG 0.365 0.335 0.360 6419.1 AIRASIAC84 0.090 0.090 0.090 50
Bursa Malaysia. Note: * denotes Ace Market TAKAFUL-CK 0.105 0.090 0.090 110 AIRASIAC92 0.060 0.060 0.060 930
MMAG-WB 0.150 0.140 0.150 3630.9 AIRASIAC91 0.045 0.045 0.045 100
HSI-H8X 0.200 0.200 0.200 5 FBMKLCI-C7C 0.030 0.030 0.030 335

Local event to watch out for today FBMKLCI-H8Q

HSI-H8Y
0.105
0.165
0.105
0.165
0.105
0.165
79
5
GENTINGC78
CEPAT
0.110
0.500
0.110
0.490
0.110
0.500
30
27
TAKAFUL-CJ 0.145 0.130 0.130 67.2 MAYBANKC60 0.120 0.115 0.115 250
• Nil This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.574 0.629 0.629 0.511 0.839 0.869 0.869 0.936 2.6366 4.499 53.028 4.286 2.312 8,919 44.655 67.277 5.754 32.594 2.291 2.361 6.224 19.229 4.936
EURO 1.742 1.096 1.096 0.890 1.461 1.514 1.514 1.631 4.5928 7.837 92.371 7.466 4.027 15,536 77.786 117.193 10.024 56.777 3.991 4.112 10.842 33.495 8.598
US $ 1.589 0.912 0.999 0.812 1.333 1.381 1.381 1.488 4.1890 7.148 84.250 6.810 3.673 14,170 70.947 106.890 9.142 51.785 3.641 3.751 9.889 30.550 7.842
SWISS FR 1.590 0.913 1.001 0.812 1.334 1.382 1.382 1.489 4.1919 7.153 84.308 6.815 3.675 14,180 70.996 106.964 9.149 51.821 3.643 3.753 9.896 30.571 7.848
STERLING £ 1.958 1.124 1.232 1.231 1.642 1.702 1.702 1.833 5.1617 8.807 103.813 8.391 4.526 17,461 87.421 131.710 11.265 63.810 4.486 4.622 12.185 37.644 9.663
CANADA $ 1.192 0.684 0.750 0.750 0.609 1.036 1.036 1.116 3.1428 5.363 63.209 5.109 2.756 10,631 53.228 80.194 6.859 38.852 2.731 2.814 7.419 22.920 5.884
BRUNEI $ 1.150 0.660 0.724 0.724 0.588 0.965 1.000 1.077 3.0331 5.175 61.002 4.931 2.659 10,260 51.370 77.395 6.620 37.496 2.636 2.716 7.160 22.120 5.678
SINGAPORE $ 1.150 0.660 0.724 0.724 0.588 0.965 1.000 1.077 3.0331 5.175 61.002 4.931 2.659 10,260 51.370 77.395 6.620 37.496 2.636 2.716 7.160 22.120 5.678
AUSTRALIA $ 1.068 0.613 0.672 0.672 0.546 0.896 0.928 0.928 2.8158 4.805 56.632 4.578 2.469 9,525 47.690 71.850 6.145 34.809 2.447 2.521 6.647 20.535 5.271
MALAYSIA RM 0.379 0.218 0.239 0.239 0.194 0.318 0.330 0.330 0.355 1.0000 1.706 20.112 1.626 0.877 3,383 16.937 25.517 2.182 12.362 0.869 0.895 2.361 7.293 1.872
100 CHINESE RMB 22.228 12.760 13.990 13.981 11.354 18.648 19.322 19.322 20.813 58.6060 1,179 95.274 51.384 198,248 992.582 1,495 127.905 724.497 50.932 52.477 138.352 427.410 109.716
100 BANGLAD’H TAKA 1.886 1.083 1.187 1.186 0.963 1.582 1.639 1.639 1.766 4.9721 8.484 8.083 4.359 16,819 84.210 126.872 10.851 61.466 4.321 4.452 11.738 36.261 9.308
100 DANISH KRONER 23.330 13.393 14.684 14.674 11.917 19.573 20.281 20.281 21.846 61.5130 104.96 1,237 53.933 208,081 1,041.82 1,570 134.25 760.43 53.46 55.08 145.21 448.61 115.16
100 UAE DIRHAM 43.258 24.833 27.227 27.208 22.096 36.291 37.603 37.603 40.505 114.0547 194.61 2,294 185.42 385,815 1,932 2,910 248.92 1,410 99.12 102.13 269.25 831.79 213.52
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0296 0.050 0.595 0.048 0.026 0.501 0.754 0.065 0.365 0.026 0.026 0.070 0.216 0.055
100 INDIA RUPEE 2.239 1.286 1.410 1.409 1.144 1.879 1.947 1.947 2.097 5.9044 10.075 118.750 9.599 5.177 19,973 150.661 12.886 72.991 5.131 5.287 13.939 43.060 11.054
100 JAPAN YEN 1.486 0.853 0.936 0.935 0.759 1.247 1.292 1.292 1.392 3.9190 6.687 78.820 6.371 3.436 13,257 66.374 8.553 48.447 3.406 3.509 9.252 28.581 7.337
100 NORWEGIAN KRONER 17.378 9.976 10.938 10.931 8.877 14.579 15.107 15.107 16.272 45.8200 78.183 922 74.488 40.174 154,996 776.031 1,169 566.434 39.820 41.028 108.168 334.162 85.779
100 PHILIPPINE PESO 3.068 1.761 1.931 1.930 1.567 2.574 2.667 2.667 2.873 8.0892 13.803 162.692 13.150 7.092 27,364 137.003 206.410 17.654 7.030 7.243 19.096 58.994 15.144
100 QATAR RIYAL 43.642 25.054 27.469 27.450 22.292 36.613 37.937 37.937 40.865 115.0666 196.339 2,314 187.061 100.887 389,238 1,949 2,936 251.127 1,422 103.033 271.640 839.173 215.416
100 SAUDI RIYAL 42.358 24.316 26.660 26.642 21.636 35.535 36.820 36.820 39.662 111.6799 190.561 2,246 181.555 97.918 377,782 1,891 2,850 243.736 1,381 97.057 263.645 814.474 209.075
100 SWEDISH KRONOR 16.066 9.223 10.112 10.105 8.207 13.478 13.966 13.966 15.044 42.3600 72.279 851.953 68.863 37.140 143,292 717.431 1,081 92.449 523.661 36.813 37.930 308.929 79.302
100 THAI BAHT 5.201 2.986 3.273 3.271 2.656 4.363 4.521 4.521 4.870 13.7119 23.397 275.776 22.291 12.022 46,384 232.232 349.883 29.926 169.509 11.916 12.278 32.370 25.670
100 HK$ 20.259 11.630 12.752 12.743 10.349 16.996 17.611 17.611 18.970 53.4161 91.144 1,074.315 86.837 46.834 180,692 904.683 1,363 116.578 660.338 46.422 47.830 126.100 389.560
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.
FRIDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
1980 18.00 105.0
90000 1.00
1,560.00 4.5
3.60
(-13.00) (+0.50)
(Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

98.981
(-0.038) 2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Oct 3, 2019 Jan 4, 2010 Oct 3, 2019 Oct 2, 2006 Oct 3, 2019 Oct 1, 2000 Oct 3, 2019

KLCI futures close lower FBM KLCI futures US dollar recoups losses Klibor
tracking negative cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
before US data; euro steadies MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on Bursa FBMKLCI 1,564.12 -10.78 87.4M The US dollar rebounded from a near OCT9 96.40 — — —
DEC9 96.40 — — —
Malaysia Derivatives closed lower yesterday, OCT 19 1,560.00 -13.00 6,383 30,292 -1,866 one-month low versus the Japanese yen MAR0 96.40 — — —
tracking the negative underlying cash market. NOV 19 1,560.00 -13.50 181 323 71
yesterday in choppy trading, with markets JUN0 96.40 — — —
DEC 19 1,563.50 -13.00 113 729 12
New spot months October 2019, MAR 20 1,563.00 -13.00 23 222 4
dogged by risk aversion before US data SEP0 96.40 — — —
December 2019 and March 2020 decreased TOTAL later in the day. DEC0 96.40 — — —
6,700 31,566 -1,779
MAR1 96.40 — — —
13 points each to settle at 1,560, 1,563.5 and “We are not seeing a big selloff in the JUN1 96.40 — — —
1,563 respectively; and November 2019 fell FUTURES
OCT/NOV
ROLL OVER BID
1.0
OFFER
0.5
CLOSE
1.0
dollar as there is a broad undertone of risk SEP1 96.40 — — —
13.5 points to 1,560. aversion in the markets,” said Morten Lund, DEC1 96.40 — — —
Turnover lost 6,700 lots from 7,470 lots on FUTURES FAIR VALUE a currency strategist at Nordea. MAR2 96.40 — — —
JUN2 96.40 — — —
Wednesday, while open interest narrowed CONTRACTOCT 19
DAYS TO EXPIRY
29
KLIBOR DIVIDEND FAIR VALUE
3.85 3.77 0.08
Against the yen, the US dollar pulled away SEP2 96.40 — — —
to 31,566 contracts from 32,262 contracts. NOV 19 58 7.85 6.52 1.33 from early lows and was broadly steady at DEC2 96.40 — — —
At 5 pm, the KLCI was down 10.78 points ROLL’S FAIR 1.24 ¥107.12. It was still down more than 1% from MAR3 96.40 — — —
at 1,564.12. a high of ¥108.44 hit earlier in the week. JUN3 96.40 — — —
SEP3 96.40 — — —
Southeast Asian stock markets fell Expectations that the US economy
DEC3 96.40 — — —
yesterday, as the US widened its trade war would continue to outperform other MAR4 96.40 — — —
with tariffs on European Union goods, adding major economies and put pressure on the JUN4 96.40 — — —
to fears over a global economic slowdown. US central bank to slow its rate cutting JAN-00 — — — —
Philippine shares declined 0.9% to weighed down by real estate and financial cycle were dampened this week after weak JAN-00 — — — —
TOTAL 0 0
their lowest close in more than 4½months, stocks. — Agencies manufacturing surveys. — 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
2,136 1,506.90
(-5) (+2.80)
3450 5075 1660
152500 0.2944 0.525 121.25
(RM2,717/tonne)
2700 3750
52.66 1340
105000 0.350 87.50 (+0.02)

1950 57500 2425 0.175 53.75 1020

2,136
1200 10000
700
1100 (-5) 0.000 20.00
Jan 6, 2008 Oct 3, 2019 Apr 10, 2007 Oct 3, 2019 Aug 31, 2008 Oct 3, 2019
Jan 6, 2008 Oct 3, 2019

Palm oil falls as traders CPO futures Oil slips further below US$58 Commodities

await fresh leads CONTRACT

OCT-19
LAST
2,086
CHANGE
1
VOLUME
116
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,133 -270
as economic gloom weighs AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,136 -5
RUBBER SEN/KG MRB 518.00 -1.50
NOV-19 2,103 -6 1,276 14,195 -553
Malaysian palm oil futures took a turn to Oil slipped further below US$58 a barrel CORN USC/BSH CBOT 387.25 -0.50
DEC-19 2,136 -5 16,819 52,122 808
SOYBEANS USC/BSH CBOT 913.00 -0.75
close lower yesterday, logging another JAN-20 2,189 -5 4,972 39,817 1,317 yesterday, pressured by concerns about
WHEAT USC/BSH CBOT 487.75 -1.25
session of declines, as traders sold off in FEB-20 2,239 -6 1,676 18,047 -49 global economic growth, oil demand and LIVE CATTLE USC/IBS CME 110.63 0.80
the last hour of trading to wait for clearer CPO FUTURES CPO/SOYOIL signs of excess supply despite Opec-led cuts. COCOA US$/TON NYBOT 2,500 5
market leads. INDICATIVE ROLL-OVER FUTURES BASIS (USD) Eurozone business growth stalled in COFFEE USC/IBS NYBOT 104.50 0.30
OCT/NOV -17 CURRENT -97.85
The benchmark palm oil contract for OCT/DEC -51 3 MONTHS AVERAGE -112.20
September, a survey yesterday showed, a SUGAR USC/IBS NYBOT 12.95 -0.05
the December delivery on Bursa Malaysia OCT/JAN day after the US announced import tariffs COTTON USC/IBS NYC 62.05 0.07
-103 6 MONTHS AVERAGE -113.23
Derivatives was down RM4 or 0.2% at NOV/DEC -34 on European Union products. US crude METAL & PRECIOUS METALS
TIN US$/TON KLTM 16,350 250
RM2,137 per tonne at the close. SGS & ITS EXPORT ESTIMATES (TONNES) inventories rose 3.1 million barrels last week, COPPER USC/IBS CMX 2.5510 -0.0195
Palm oil was trading higher for most of SHIPMENT DAYS JUL’19 AUG’19 SEP’19 more than forecast. GOLD US$/TROY OZ CMX 1,506.90 2.80
the session tracking the US Chicago Board 1 - 10TH DAYS 366/368 476/512 338/393 “It is simply impossible to predict where PLATINUM US$/TROY OZ NYMEX 898.00 4.90
of Trade (CBoT) soyoil, but traders noted 1 - 15TH DAYS 658/656 752/765 701/670
the next significant price support will come PALLADIUM US$/TROY OZ NYMEX 1,656.50 -1.70
there was a lack of positive market catalysts 11 -- 20TH DAYS
25TH DAYS
926/909
1,151/1,124
984/1028 945/917
1,379/1,365 1,103/1,097
from as the focus is firmly on economic SILVER USC/TROY OZ CMX 17.65 0.02
to bolster the upside. developments,” said Tamas Varga of oil ALUMINIUM RMB/TON SHF 13,985 UNCH
FULL MONTH 1,438/1,380 1,662/1,645 1,328/1,304
ZINC RMB/TON SHF 18,675 UNCH
The palm oil futures contract fell more MALAYSIAN PALM OIL BOARD broker PVM. “And those are anything but
than 1% in the previous session, its largest MAY’19 JUN’19 JUL’19 AUG’19 optimistic,” he added. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 52.66 0.02
drop in over a week. PRODUCTION 1,671 1,519 1,738 1,822 Brent crude fell 13 US cents to US$57.56 HEATING OIL USC/GAL NYMEX 1.8575 -0.0054
“The market was very choppy. It was up EXPORT
STOCKS
1,712
2,447
1,383
2,424
1,485
2,391
1,733
2,252
a barrel, after tumbling 2% in the previous NATURAL GAS US$/MMBTU NYMEX 2.465 0.014
earlier tracking US soyoil, but buying was session. US West Texas Intermediate crude BRENT CRUDE US$/BBL ICE 57.56 -0.13
MPOB palm oil physical
overdone thus the sell-off later in the day,” gained two US cents to US$52.66. — Reuters GAS OIL US$/TON ICE 571.00 0.50
said a Kuala Lumpur-based trader. (IN RM/TON) OCT’19 NOV’19 DEC’19

US soyoil futures on the CBoT were last CPO DELD

PK EX-MILL
2,067.50 NO TRADE NO TRADE
1,090.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
up 0.03%, after rising to a two-and-a-half- CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
week high on Wednesday. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
“Market is not expecting robust exports for RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
October, and there could be a slow build-up RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 424.00 1475 518.00
(-3.50)
of stockpiles, so many traders are not keen MPOB FFB REF PRICE (MILL GATE PRICE) (-1.50)

on long positions,” another trader said. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil prices are affected by movements NORTH 20.00% 411 19.00% 391 18.00% 370
in related oils, as they compete for a share SOUTH 20.00% 415 19.00% 395 18.00% 374
500 625
in the global vegetable oils market. CENTRAL 20.00% 414 19.00% 394 18.00% 374
The China’s Dalian Commodity Exchange EAST COAST 20.00% 412 19.00% 392 18.00% 372 300 200

is closed this week for holidays. — Reuters SABAH

SARAWAK
22.00% 401
22.00% 404
21.00% 382
21.00% 385
20.00% 364
20.00% 367
Jan 7, 2007 Oct 3, 2019 Jan 7, 2007 Oct 3, 2019
 Markets
32 FR I DAY OC TOB ER 4, 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 1,564.12 10.78 FBM ACE 4,555.53 39.49 FTSTI 3,087.97 15.48 NIKKEI 21,341.74 436.87 HANG SENG 26,110.31 67.62 DOW JONES 26,078.62 494.42

I think all great innovations are built on rejections. Market movers

— Louise Nevelson
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 SUMATEC 219,844.6 -0.010 -50.00 0.010 — 0.00
('000) (%) (RM) (RM) (RM) (RM) VSOLAR 135,927.4 UNCH UNCH 0.075 — 0.00
Index point
1572.0 SUMATEC 219,845 -50.00 -0.010 0.010 0.020 0.005 ARMADA 103,569.9 0.015 4.84 0.325 — 1.07
1570.4 HSI-H6S 84,001 -21.05 -0.040 0.150 0.220 0.150 MNC-PA 87,663.4 -0.005 -20.00 0.020 — 0.00
1568.8 GPACKET-WB 58,983 -1.82 -0.005 0.270 0.280 0.270 HSI-H6S 84,001.1 -0.035 -18.92 0.150 — 0.00
1567.2 HSI-C7F 56,949 11.11 0.030 0.300 0.305 0.235 GPACKET-WB 58,983.3 -0.005 -1.82 0.270 — 0.00
KL Composite Index 1,564.12 HSI-H8B 45,187 -11.11 -0.045 0.360 0.445 0.350 HSI-C7F 56,948.6 0.035 13.21 0.300 — 0.00
1565.6 (-10.78)
VIVOCOM-WE 20,432 100.00 0.005 0.010 0.010 0.005 MNC 56,104.1 -0.020 -33.33 0.040 — 0.00
1564.0
KLCI futures IFCAMSC 17,916 3.23 0.010 0.320 0.320 0.300 SAPNRG 51,650.8 -0.005 -1.85 0.265 — 2.44
1562.4
HSI-C7J 14,486 10.00 0.015 0.165 0.170 0.135 HSI-H8B 45,187.0 -0.045 -11.11 0.360 — 0.00
1560.8 HSI-H8E 12,553 -10.14 -0.035 0.310 0.375 0.305 BORNOIL 34,681.5 UNCH UNCH 0.045 — 0.00
1559.2 HSI-C7E 11,784 10.00 0.010 0.110 0.115 0.085 EKOVEST 22,930.0 -0.005 -0.67 0.745 11.81 1.33
1557.6 1,560.00 SAPNRG-WA 11,568 0.00 0.000 0.110 0.115 0.110 SEACERA 22,255.5 0.015 6.38 0.250 — 0.00
(-13.00)
1556.0 DBE-WB 8,832 -50.00 -0.005 0.005 0.005 0.005 VIVOCOM-WE 20,432.3 0.005 100.00 0.010 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
LHI-CK 8,446 40.00 0.010 0.035 0.035 0.025 EDUSPEC 19,094.5 UNCH UNCH 0.035 — 0.00
KNM-WB 8,057 -6.67 -0.010 0.140 0.150 0.140 GENM 18,700.9 -0.040 -1.32 2.990 — 3.63
Daily FBM KLCI TM-C53 7,992 0.00 0.000 0.015 0.015 0.015 IFCAMSC 17,916.4 0.010 3.23 0.320 17.03 3.23
ECOWLD-CV 7,185 -50.00 -0.005 0.005 0.010 0.005 MTAG 15,589.1 -0.010 -2.25 0.435 8.29 0.00
AT 15,494.6 UNCH UNCH 0.050 — 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
HSI-C7J 14,486.3 0.020 13.79 0.165 — 0.00
2030.0 1,564.12 traded for a particular counter on the previous trading day is more than triple the average volume for the
(-10.78) 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

1,593.32 KLCI ends lower after US UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

announces tariffs on Europe

1425.0 GCB 4.360 0.190 DLADY 58.300 -1.200
PENTA 4.680 0.190 NESTLE 144.500 -0.700
HSI-H8G 1.250 0.110 PBBANK 19.280 -0.420
1122.5
LAFMSIA 2.860 0.090 BAT 18.300 -0.300
KUALA LUMPUR: The FBM KLCI closed down 10.78 points PENERGY 1.240 0.090 HEIM 23.860 -0.260
820.0 or 0.68% yesterday, after Asian shares fell substantially as PIE 1.390 0.090 HLFG 15.980 -0.180
Jan 2, 2008 Oct 3, 2019
the US’ announcement of new import tariffs on European SAM 7.950 0.090 PPB 17.920 -0.180
Union (EU) imports, hit world market sentiment. ENGKAH 1.030 0.080 CMSB 2.590 -0.150
900 At 5pm, the KLCI closed at 1,564.12, led by Public Bank TIENWAH 1.300 0.080 A50CHIN-C52 0.215 -0.145
SALUTE 0.830 0.060 KLK 22.780 -0.140
Bhd and Press Metal Aluminium Holdings Bhd’s share price
600 AIRPORT 8.660 0.060 PETDAG 23.440 -0.120
drop. PEB 0.850 0.060 HLBANK 16.020 -0.120
300 Public Bank closed 42 sen or 2.13% lower at RM19.28 to
be the top-percentage decliner among the 30 KLCI stocks. Top gainers and losers (ranked by%age)
0 Press Metal ended down nine sen or 1.88% at RM4.69.

 
Volume (’mil) AxiTrader Asia Pacific market strategist Stephen Innes UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
wrote in a note yesterday saying Malaysia’s Budget 2020,
FBM KLCI futures which will be announced this Oct 11, “is now being viewed PHB 0.010 100.00 AEON-CV 0.040 -73.33
VIVOCOM-WE 0.010 100.00 SIME-C35 0.010 -60.00
CONTRACT SETTLEMENT CHANGE HIGH LOW
as the next significant catalyst which is likely keeping
PBBANK-C33 0.010 100.00 PBBANK-C39 0.040 -52.94
OCT 19 1,560.00 -13.00 1,566.50 1,558.50 foreign investors cautious on local bonds, equities and PESONA-WC 0.010 100.00 DAYA 0.005 -50.00
NOV 19 1,560.00 -13.50 1,566.50 1,560.00 currency.” TRIVE 0.015 50.00 SUMATEC 0.010 -50.00
DEC 19 1,563.50 -13.00 1,570.50 1,563.50
Earlier yesterday, Hong Leong Investment Bank Bhd SOLID-WA 0.100 42.86 MSPORTS 0.005 -50.00
wrote in a note that investors may adopt a defensive yield- LHI-CK 0.035 40.00 ASIAPLY-WA 0.005 -50.00
FBM KLCI sensitivity* seeking strategy, amid the current market backdrop. VIVOCOM 0.020 33.33 FBMKLCI-C7H 0.010 -50.00
MTOUCHE-WC 0.020 33.33 PBBANK-C35 0.010 -50.00
KLCI CHANGE CLOSE VOLUME “Overall, we will likely see defensive yield seeking to
POINTS (RM) (RM) ('000) GLOTEC-WA 0.065 30.00 GENTINGC68 0.010 -50.00
IHH HEALTHCARE 0.41 0.030 5.670 953.6
be the dominant investment style in the near term,” Hong GUNUNG-WB 0.045 28.57 DBE-WB 0.005 -50.00
K.LUMPUR KEPONG -0.23 -0.140 22.780 1193.4 Leong said. FINTEC-PA 0.025 25.00 ECOWLD-CV 0.005 -50.00
NESTLE MALAYSIA -0.25 -0.700 144.500 168.0 Globally, Reuters reported Asian stocks tumbled to a
MISC -0.28 -0.040 7.800 4670.3 one-month low yesterday, as already-growing market fears Top gainers and losers - warrants (ranked by%age)
GENTING -0.30 -0.050 5.690 3765.6 about global growth were fanned by the US announcement
HONG LEONG FINANCIAL -0.32 -0.180 15.980 69.2 UP CHANGE DOWN CHANGE
GENTING MALAYSIA -0.37 -0.040 2.990 18700.9
of new import tariffs on products from the EU. CLOSE (%) CLOSE (%)
RHB BANK -0.37 -0.060 5.580 3617.7 — by Syahirah Syed Jaafar VIVOCOM-WE 0.010 100.00 AEON-CV 0.040 -73.33
PPB GROUP -0.40 -0.180 17.920 552.0
World equity indices PBBANK-C33 0.010 100.00 SIME-C35 0.010 -60.00
HONG LEONG BANK -0.40 -0.120 16.020 993.1 PESONA-WC 0.010 100.00 PBBANK-C39 0.040 -52.94
SIME DARBY PLANTATION -0.53 -0.050 4.700 2213.9 CLOSE CHANGE CLOSE CHANGE SOLID-WA 0.100 42.86 ASIAPLY-WA 0.005 -50.00
PRESS METAL -0.56 -0.090 4.690 715.2
DOW JONES 26,078.62 -494.42 INDONESIA 6,038.53 -16.90 LHI-CK 0.035 40.00 FBMKLCI-C7H 0.010 -50.00
DIGI.COM -0.60 -0.050 4.650 5154.1
S&P 500 2,887.61 -52.64 JAPAN 21,341.74 -436.87 MTOUCHE-WC 0.020 33.33 PBBANK-C35 0.010 -50.00
MAXIS -0.73 -0.060 5.410 1093.8
NASDAQ 100 7,550.79 -133.36 KOREA 2,031.91 -40.51 GLOTEC-WA 0.065 30.00 GENTINGC68 0.010 -50.00
MAYBANK -0.87 -0.050 8.480 6568.1
FTSE 100 7,122.54 -237.78 PHILIPPINES 7,545.55 -65.13 GUNUNG-WB 0.045 28.57 DBE-WB 0.005 -50.00
PUBLIC BANK -2.52 -0.420 19.280 5104.5
AUSTRALIA 6,493.00 -146.90 SINGAPORE 3,087.97 -15.48 FINTEC-PA 0.025 25.00 ECOWLD-CV 0.005 -50.00
SUB-TOTAL -8.32
CHINA 2,905.19 -26.98 TAIWAN 10,875.91 -71.97 FBMKLCI-H8G 0.205 20.59 A50CHIN-C52 0.215 -40.28
OTHERS -2.46
HONG KONG 26,110.31 67.62 THAILAND 1,610.69 -2.95 HSI-C7H 0.030 20.00 PBBANK-C36 0.015 -40.00
GRAND TOTAL -10.78
INDIA 38,106.87 -198.54 VIETNAM 992.45 1.26 CIMB-C53 0.030 20.00 GTRONIC-CV 0.030 -40.00
* How stock price changes affected the index on the previous trading day

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What Among other things,

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the current Real
want from Property Gains Tax
will be reviewed,
EdgeProp.my’s
poll showed.
See Pages 4 to 6.
EP 2 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
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NEWS HIGHLIGHTS from www.EdgeProp.my
90% landowners
in Kampung
Baru agreed with
government offer
According to Federal Territories
Minister Khalid Abdul Samad, Kam-
pung Bharu Development Corpo-
ration (PKB) has received around
700 to 800 forms from Kampung
Baru residents on redeveloping the
Malay enclave in Kuala Lumpur.
From all the
forms received,
about 90% of the
landowners agree
with the offer of
RM850 psf by
the government,
Khalid told Berna-
ma recently.
Some parties
have put the rate up to RM2,000 psf
in the area but he stressed that the
rate offered by the government was
based on the professional valuation
determined by the Valuation and
Property Services Department.
PA, PPR rent
arrears now
amount to RM58m
Federal Territories Minister Khalid
Abdul Samad disclosed that the
amount of rent arrears of Dewan
Bandaraya Kuala Lumpur (DBKL)-
owned People’s Housing Project
(PPR) and Public Housing (PA) flats
in the city now amount to RM58
million.
Khalid said the arrears, identi-
fied by DBKL, dated back decades
and the main excuse given by the
tenants for not being able to settle
the arrears was that they were un-
employed.
“We’ll give three to six months
(for the tenants to pay their arrears)
and we will see how it goes,” he
told reporters after launching the
Wilayah Care Initiative programme
at PA Desa Rejang held recently.
trending
now
LAUNCHES + EVENTS
Little Sushi Master
at Ara Sendayan
Date: Oct 5 (Sat)
Time: 10am to 3pm
Venue: Ara Sendayan Sales
Gallery, Bandar Sri Sendayan,
Seremban, Negeri Sembilan
Contact: (012) 935 1000
Looking for a unique experience
for your kids? Join Matrix
Concepts Holdings Bhd in a
session to learn how to make
sushi hosted by Sushi King.
Limited seats available.
Jom Singgah Food Truck
Bazaar & Live Band
Date: Oct 5 (Sat)
Time: 6.30pm to 10pm
Venue: BSC Gallery & Clubhouse,
JPPH and RISM sign MoU
to foster strategic alliance
The Department of Valuation and
Property Services (JPPH) under the
Ministry of Finance Malaysia and
the Royal Institution of Surveyors
Malaysia (RISM) recently formed
a public and private strategic al-
liance through the signing of a
Memorandum of Understanding
(MoU).
The MoU will pave the way to
create mutually beneficial col-
laboration between the parties
in the fields of research, training,
education and data information in
relation to real estate.
Representing JPPH at the sign-
ing was director general of JPPH
Ahmad Zailan Azizuddin and RISM
chairman of Property Surveying
Division Datuk Thiruselvam Aru-
mugam. The signing ceremony
was witnessed by deputy direc-
tor-general (strategic policy)
Sunway REIT to
grow property value
to RM15b by FY25
Sunway REIT Management Sdn
Bhd, the manager of Sunway Real
Estate Investment Trust (REIT), is
targeting to grow its property val-
ue to RM15 billion by the financial
year ending June 30, 2025 (FY2025)
Lengkok BSC 2/4, Presint 2,
Bandar Seri Coalfields, Selangor
Contact: (03) 6039 9599
Organised by KLK Land, a
variety of food will be available
at the bazaar including pasta,
pandan cendol, rojak, fried
chicken, hotdogs, chicken rice,
bubble tea, coffee and tea. A
50% discount will be given
to the first 100 customers.
Twilight Walk
at Eco Grandeur
Date: Oct 5 (Sat)
Time: 5.30pm to 9pm
Venue: Eco Grandeur, Persiaran
Mokhtar Dahari, Bandar
Puncak Alam, Selangor
Contact: (03) 3270 2525
This weekend, take an evening
walk through Avenham Garden
and Graham Garden at Eco
Grandeur to the Bridge of Dreams
to watch the captivating sunset.
Then be entertained by stage
performances featuring Ribbon
Mohd Khairudin Abdul Halim and
RISM president Kwan Hock Hai.
“In facing global challenges in
the real estate industry, we need
to work together to strengthen
and develop the country’s real
estate industry. We hope that with
the close cooperation of both or-
ganisations, we can push the real
estate market to a higher level
and boost the national property
market,” said Zailan in his speech
at the event.
Meanwhile, Kwan said the co-
operation between the two parties
is now formalised into a struc-
tured working collaboration.
“The different strengths and
resources that each of us have can
now be pooled together to bring
greater benefits to both organi-
sations, the profession and the
country,” added Kwan.
under its Transcend 2025 (TC25)
initiative.
Its CEO, Datuk Jeffrey Ng Tiong
Lip said Sunway REIT’s current
property value stood at RM8.05
billion, which is managed through
17 assets.
“The target [to grow property
value] will be achieved through
deployment of multi-faceted strat-
How do I get past issues of this weekly pullout?
Go to www.EdgeProp.my to download for free
If you have any real estate-related events, email us at editor@edgeprop.my.
Events listed here will also appear on www.EdgeProp.my.
Ooi and Datin Alyah. There
will also be inflatable games,
food trucks and fireworks.
Blood Donation & Health
Screening at Eco Majestic
Date: Oct 6 (Sun)
Time: 10am to 4pm
Venue: EcoWorld Gallery @
Eco Majestic, 1, Lingkaran
Eco Majestic, Eco Majestic,
Semenyih, Selangor
Contact: (03) 8723 2255
A bag of blood can save three
lives. Donate your blood to help
others in need. Health screenings
will be provided by the National
Cancer Society. There will also
be a talk entitled “Am I High Risk
or Low Risk” from 2pm to 3pm.
Get BREAKING
PROPERTY
NEWS delivered
to you daily via
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egies, including geographical di-
versification within and outside of
the country,” he told a media brief-
ing on the company’s strategies
on Oct 2.
TC25 is a programme that for-
mulates a strategic roadmap to
capitalise on the diversity of Sun-
way REIT, leveraging its strategic
pillars to set mid-term goals and
aspirations up to FY2025.
Tadmax Resources
to buy land for
RM36.65m
Tadmax Resources Bhd’s unit Tad-
max Coastal Sdn Bhd plans to ac-
quire a 1.3ha leasehold land from
Syarikat Perumahan Pegawai Ker-
ajaan Sdn Bhd for RM36.65 mil-
lion. The purchase consideration
is based on the price of RM260 psf.
The land is located along Ling-
karan Alam Damai and has a lease
tenure of 99 years which expires
on Oct 19, 2104. The location is
approximately 11km away from the
Kuala Lumpur city centre.
“[The acquisition] is in line with
Tadmax’s aim to further strengthen
its foothold in property develop-
ment and construction and gener-
ate long-term sustainable income,”
the group said in a recent Bursa
Malaysia filing.
Duta Park Residences:
October Treats
Date: Oct 6 (Sun)
Time: 10am to 5pm
Venue: Duta Park Sales Gallery,
51200 Kuala Lumpur
Contact: (1800) 22 3311
No tricks just treats! Visit Malton
Bhd’s Duta Park sales gallery for
a fun-filled day with activities
and games including face
painting, terrarium workshop
and balloon sculptures.
Refreshments will be served and
free Marvel Studios exhibition
tickets will be up for grabs.
FRIDAY O CTO B E R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY EP 3

NE W S

Zuraida: Public housing could include

smart, wellness and sustainable features
BY S H AWN N G
TOKYO: It is time to incorporate
smart, sustainable and wellness
technologies into public housing
in Malaysia to enhance the health
and quality of life of their residents,
said Housing and Local Govern-
ment (KPKT) Minister Zuraida
Kamaruddin.
Citing indoor air quality as an
example, she said Malaysia could
learn from Japan, which has been
regulating indoor ventilation
through its Building Standard Law
since July 2003.
“Maybe there will be something
that we can modify to our standards
in order to ensure that the B40 or
the masses also enjoy the basic
right to quality air,” she told Edge-
Prop.my after attending a briefing
in Tokyo on the Japanese housing
market and building regulations by
officials from the Japanese Ministry
of Land, Infrastructure, Transport
and Tourism yesterday morning.
Under the Japan Building Stand-
ard Law, all habitable rooms must
have windows and other openings
for ventilation. Otherwise, ventila-
tion equipment must be installed.
Furthermore, buildings with
ceiling cavities that contain for-
maldehyde must be installed with
ventilation equipment designed
to allow harmful chemical com-
pounds to be removed when the
emission level is too high.
Click/tap to
watch a video of
Zuraida’s meeting
with Wada
Wada accepting a token of appreciation
from Zuraida.
These are among measures im-
plemented by the Japanese gov-
ernment to tackle the Sick House
Syndrome, which could cause in-
habitants in newly-built or reno-
vated houses to fall ill due to volatile
organic compounds emanating from
PICTURES BY LOW YEN YEING  |  EdgeProp.my
building materials and furniture.
Zuraida is currently in Japan on
an EdgeProp Malaysia Study Tour
on Excellent Building Sustainabili-
ty, Management and Wellness 2019.
The study tour, which also saw the
participation of heads of Malaysia’s
EdgeProp.my charged a set percentage of their
editor-in-chief income as per their respective in-
and managing come groups, as rental of a public
director Au housing unit.
Foong Yee (left), “For example, the rent-to-own
Ambassador of schemes that we have in Malay-
Malaysia to Japan sia are trying to serve all [income]
Dato’ Kennedy levels of Malaysians, especially the
Jawan (third from B40 group which consists of various
left) followed by earners at different income levels.
Wada, Zuraida
and Panasonic “Maybe there will be
Malaysia deputy
something that we can
managing
modify to our standards in
director Hiroyuki
order to ensure that the B40
Muto with other
ministry officials.
or the masses also enjoy the
top property development firms, is basic right to quality air.”
supported by Panasonic. — Zuraida
Prior to the briefing, Zuraida
had a meeting with Japan’s Land, “This gives me an idea to break
Infrastructure, Transport and Tour- the B40 grouping down to the B20
ism Parliamentary Vice-Minister or B10 so that it would be more ef-
Masamune Wada. They exchanged fective and targeted in solving the
notes on their respective countries’ homeownership difficulties faced by
public housing system. the lower-income group,” she said.
Learning about the Japanese She added that it is still not too
public housing scheme has also late for Malaysia to adopt some
inspired Zuraida to think about of the measures that other coun-
ways to improve Malaysian public tries have been implementing for
housing going forward. a long time.
The public housing scheme in “With some improvising and fine
Japan for instance, categorises low tuning, we will be able to solve the
-income earners who require hous- issues plaguing the local housing
ing assistance into two sub-cat- market,” she said.
egories based on income levels
- the B17-to-B40 group and the This article first appeared on
below B17 group. The residents are www.EdgeProp.my

Mah Sing banks on ‘affordably-priced’ offerings

BY C H EL SE Y POH
KUALA LUMPUR: Mah Sing Group Bhd
will continue to develop affordably priced
products going forward considering the
challenging market environment.
Mah Sing CEO Datuk Ho Hon Sang said
the property developer is committed to con-
tinue rolling out good quality yet affordable
properties.
“About 81% of our full-year target sales for
2019 are from residential properties priced
below RM700,000,” Ho said at the launch of
M Oscar’s sales gallery on Oct 2.
“Affordability has always been the key
focus in homeownership, and thus, there is
a rising need from buyers today for quality
residential developments that are afforda-
bly priced in strategic locations with ready
amenities and infrastructure,” he noted.
Hence, he added that he is confident that
M Oscar will be highly sought after.
Mah Sing Group founder and group man-
aging director Tan Sri Leong Hoy Kum who
was also present at the launch event said the
developer has chosen to focus on delivering
properties in the affordable range owing to
the current challenging property market.
“But overall, we are positive towards
the market as there are still many young
people in Malaysia, and the country’s GDP
(From left) Mah Sing executive director Datuk Steven Ng, Lionel, Tan, Chen, Hoy Kum
and Ho at the grand opening of the M Oscar sales gallery
has healthy growth,” Hoy Kum added.
Also present at the event were Malaysia’s
Special Envoy to China YB Tan Kok Wai, and
Mah Sing director of group strategy and op-
erations Lionel Leong.
The developer will officially launch M
Oscar this weekend (Oct 5). The freehold
serviced apartment is located at KL’s Salak
South Garden, which is off Jln Kuchai Lama
and within the vicinity of the mature neigh-
bourhood of Happy Garden and Sri Petaling.
The development will sit on a 4.63-acre
site which was the first land that Mah Sing
LOW YEN YEING  |  EdgeProp.my
acquired this year. The commercial-titled
development has a gross development value
(GDV) of about RM500 million.
There will be 910 units in two towers (32
and 31 floors) linked by a 2.7-acre facilities
deck. Facilities include an Olympic-size
swimming pool, wading pool, Jacuzzi, BBQ
pavilion, KTV room, herb garden, gourmet
kitchen, jogging track, gym and yoga room,
ping pong room, children’s playground and
multi-purpose hall.
Buyers could choose from four layout This article first appeared on
types, with built-ups ranging from 708 sq ft www.EdgeProp.my
to 1,198 sq ft. The smallest unit has two bed-
rooms and two bathrooms, while the largest
unit comes with four bedrooms and three
bathrooms. A dual key option is also avail-
able. Prices start at RM428,000 or RM650
psf on average.
Meanwhile, Mah Sing’s general manager
of sales and marketing Chris Chen said the
two-bedroom units at M Oscar would be suit-
able for bachelors or young couples, whereas
small families could choose the three-bedroom
units. “For bigger families, a four-bedroom
unit might be suitable for them, and inves-
tors might like the dual-key units,” he said.
M Oscar offers unblocked views of the
surrounding areas as it is located in the mid-
dle of a low-rise neighbourhood. All units in
the development are north-south oriented.
Each unit will be allocated with two to four
parking lots. The number of visitors’ parking
lots is more than 10% of the units, exceeding
the government’s minimum requirement.
The project is located 800m away from
the upcoming MRT2 Taman Naga Emas
Station. M Oscar is also well connected to
highways including the Maju Expressway,
Kesas highway, the NPE, Federal Highway
and the KL Seremban Expressway.
EP 4 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

B UD G ET 2 0 2 0 SU RVE Y

BUDGET 2020 SURVEY:

Please review
Meanwhile, 26% or 187 respondents
said they had no issue with the current
RPGT, with one of them saying the cur-

RPGT
rent rate is “not high enough”.

More catalysts needed

Among the respondents who disagreed
with the current RPGT, 148 or 28% sug-
gested that the government revert to the
previous RPGT which worked effectively
in encouraging long-term investments.
Meanwhile, 142 or 27% of these re-
spondents called on the government to
impose RPGT only on property owners
who sell their properties within three
years of ownership. About 18% or 96
respondents believed the RPGT should
only be imposed on foreign buyers
while 14% or 75 respondents wanted it
to be abolished in order to stimulate the
prolonged market downturn. Only 57
of them or 11% said the current RPGT
B Y TAN A I L E N G a better house in the future,” said one rate for property disposal in the sixth

I
t seems a large number of RPGT for individuals
property owners have been
disturbed by the current Real Year
Property Gains Tax (RPGT) 1st year
and they are hoping to see it re-
duced or removed, according 2nd year
to a poll conducted by EdgeProp.my. 3rd year
The RPGT which had seen a new
schedule of rates take effect at the be- 4th year
ginning of this year is hurting property 5th year
owners by trimming their profit margin.
Therefore it is no surprise that a ma- 6th year onwards
jority of property owners who respond-
ed to the poll conducted from Sept 12
to 25, 2019 are hoping to see an ad-
justment to the existing RPGT regime. Do you agree with the current
A total of 900 respondents took part
in the poll in a run-up to Budget 2020
RPGT rates?
which will be tabled in Parliament on
Oct 11.
Property owners formed the major-
ity of the respondents at 713 or 79.2%
while the remaining 20.8% or 187 re-
spondents were not. Among the 713
property owners, 74% or 526 of them
YES
I AM OK
WITH IT
187 (26%)
did not agree with the current RPGT
which was announced in Budget 2019
whereby property transactions from the Reasons for disagreeing
sixth year are imposed RPGT of 5% for
individuals and 10% for companies,
effective since Jan 1, 2019.
In the previous RPGT regimes from Unfair to
2014 to 2018, no RPGT was imposed
on transactions done from the fifth
owners
year onwards. who have
As many as 413 respondents said
the current RPGT is unfair to owners
held their
investment
who have held on to their investments
for over five years as it did not take into for over five
consideration that they were genuine
buyers and not speculators. years 413
Another 273 respondents said the
current RPGT discourages property
investment as a wealth accumulation Dampens market
tool while 130 respondents believed
the perpetual tax is not an effective
sentiment 209
way to curb speculation. As many as
98 respondents also questioned the
government’s move to make the tax
retrospective.
Should not be
One homeowner said he felt prop-
retrospective
erty owners are being “punished” for
selling their homes to upgrade to those 98
that better suit their needs.
“It’s our investment, why tax us for
upgrading? We are selling the current
house to get a bigger house as the size Others 11
of the family grows, selling of current
property doesn’t mean we are getting
profit. This is an initial investment we
put in to get the funds for upgrading to
of the respondents.
Another owner opined that the Ma-
year onwards should be reduced.
Interestingly, there were also re-
laysia property market is not as vibrant spondents who saw a need for the gov-
2014-2018 2019 as some advanced countries, hence the ernment to consider a value tax or va-
30% 30% 5% perpetual RPGT will make proper- cancy property tax instead of curbing
ty investment less attractive especially speculation through RPGT.
30% 30% for those who plan to buy properties “My personal view is to go back to
30% 30% as a means to raise funds for their re- the previous tax regime, which is more
tirement. effective in curbing speculation while
20% 20% One respondent noted that the RPGT encouraging people to invest in prop-
15% 15% puts a dampener on sub-sales when erties. I don’t think there’s a need to re-
the “government should instead en- duce the number of holding years,” Real
0% 5% courage secondary market transac- Estate and Housing Developers’ Associ-
tions instead of focusing on primary ation Malaysia (Rehda) vice-president
market sales”. Datuk N K Tong tells EdgeProp.my.
Indeed, as many as 209 respondents Furthermore, he says making RPGT
found the RPGT has dampened market an “evergreen tax” may affect Malay-
sentiments whereas the government
should have introduced measures to
sia’s attractiveness to investors who
are looking for long term investments.
stimulate the market which has been Instead of focusing on one single
NO 526 (74%)
experiencing a slowdown since 2015.
Although RPGT contributes to gov-
ernment revenue, 90 respondents felt
that the current RPGT has little impact
in expanding the government coffers.
It was reported in July that the gov-
policy, Rehda president Datuk Soam
Heng Choon sees an urgent need to
have more stimulus measures that could
spur market demand.
“The market looks forward to an
expansionary Budget 2020 that could
ernment has collected some RM91.86 encourage more spending, especially
million in RPGT for the disposal of on big ticket items,” he said during a
properties of more than five years. media briefing recently.
Suggestions on RPGT
It discourages Revert to the policy of pre-Budget 2019 (28%)
property
Impose RPGT on sale of properties below three years of ownership (27%)
investment
as a wealth Impose RPGT ONLY on foreign buyers (18%)
accumulation
tool 273
Abolish RPGT altogether (14%)
Reduce the RPGT rate (11%)
Ineffective Others (2%)
in curbing
speculation
130 “The market looks forward to
an expansionary Budget 2020
that could encourage more
Not spending, especially on big
impactful in ticket items.” — Soam
expanding the
government’s
coffers 90
FR IDAY O CTOBE R 4 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY EP 5

BU DGE T 2 02 0 S URV E Y

For non-property owners, are they looking Main reason for not buying
to buy one within the next 12 months? (for respondents who do not
own a property)
YES NO Don’t earn enough now but I’m saving up (48%)
In no hurry — I see a price correction (26%)
97 (51.9%) 90 (48.1%)
Can’t find anything I like (11%)

Respondents’ Couldn’t secure a home loan (6%)

proˎle
Prefer renting than buying (5%)
Other reasons (4%)

The EdgeProp.my Budget 2020 survey

ran online from Sept 12 to 25, 2019. As
many as 900 respondents participated in Within 30-minutes’ The desired property type Others (2%)
the five-minute poll which was conduct- drive to city centre Landed
Good
ed to find out what the market hopes to 22% strata (4%)
see in the upcoming Budget 2020 which connectivity
31%
will be tabled on Oct 11, 2019.
It is also to seek their views on the
current property market, their main Landed High-rise Affordable
housing
concerns and suggestions on how the A township strata schemes
(40%)
current slow market could be given a Criteria that with safety (37%) (17%)
boost.
Among these 900 respondents, close
property and lifestyle
features
buyers are
to 35% of them are aged between 35
20%
and 44 years old while close to 30% Others looking at
are aged between 25 and 34 years old. The desired Price is not an issue (1%)
About 17.8% of the respondents are 1% property >RM1m – RM2m (1%)
from the 45 to 54 years age group while >RM700k – RM1m (5%)
3.2% were senior citizens above 65 years
Close to
various
No
preference
price Have not decided (13%)
old. There were only 2.3% who were aged amenities but has to be
between 18 to 24 years old. (e.g. school) affordable > RM250k >RM400k >RM550k
Looking at income levels, close to – RM400k – RM550k – RM700k
40% of the respondents earned above 8% 18% (35%) (24%) (21%)
RM5,000 to RM10,000 a month while
about 32% earned less than RM5,000

Connectivity
a month. Another 18.8% of them had a
monthly income of between RM10,000
and RM20,000, while 9.5% of them drew
an income of above RM20,000 a month.

Respondents’ age group

— the main priority of homebuyers
35-44 25-34 45-54 55-64
(35%) (30%) (18%) (12%) 65+ BY CHIN WA I LU N strata residences were almost as popular at
(2%)
37% or 36 votes. Affordable housing schemes “Instead of waiting for

O
ut of the 900 respondents of the recorded just 16 votes (17%).
18-24
(2%) EdgeProp.my Budget 2020 run-up
salaries to increase,
survey conducted from Sept 12 Reasons for not buying homebuyers could
to 25, 187 respondents said they For those who did not plan to buy a prop- consider buying a smaller
did not own a property. However, slightly erty anytime soon, what was holding them
Income group based more than half of them or 97 respondents back? unit that suits their
on monthly gross salary (51.9%) were thinking of purchasing a prop- It mainly boils down to income as 48% of budget and gradually
erty within the next 12 months. the 187 respondents stated that they were
INCOME RANGE % A further breakdown showed that 59% simply not earning enough to afford a home
upgrade to their dream
> RM7,000 – RM10k 183 21.3 of those who planned to buy a property — but nevertheless, were saving up for one. house.” — Tong
> RM10k – RM20k 162 18.8 in the coming 12 months were looking Interestingly, about 26% said they were
> RM5,000 – RM7,000 159 18.5 for homes priced between RM250,000 to in no hurry to acquire one as they expect-
> RM3,500 – RM5,000 137 15.9 RM550,000. It is worth noting that none of ed a form of price correction to the housing
> RM2,500 – RM3,500 82 9.5 the 97 respondents wanted a house priced market in the future.
> RM20k 82 9.5 below RM250,000. Some 6% of the respondents could not
< RM2,500 56 6.5 This echoes the Real Estate And Hous- secure loans to purchase a property while
ing Developers’ Association of Malaysia’s 5% preferred to rent. Other reasons includ-
(Rehda) homebuyers’ survey conducted in ed having already obtained a property from
April 2019 where 74% of the 1,411 respond- family or having no plans to move out of a
Property owners? ents were looking for houses priced from family home and unemployment.
RM200,000 to RM500,000. Commenting on those who were yet to
These property seekers would prefer a afford a home of their own, Rehda vice-pres-
NO property in a location that offered good ident Datuk N K Tong concurs that housing
connectivity such as highways and LRT/ affordability and financing have become
policy is needed in tackling housing af-
fordability and income disparity as lifting
187 MRT/train stations (31%) while 22% want- a challenge for Malaysian homebuyers as up individual incomes alone will not solve
(20.8%) ed to stay close to the city centre — within a housing prices are beyond the majority wage the problem when the issue of escalating
YES 30-minute drive, to be exact. earners’ affordability. living costs is neglected.
This was followed closely by 20% who Income disparity is still an issue where In the meantime, he notes there are still
713 would choose well-equipped townships with salary increment does not keep up with good properties in the market waiting for
(79.2%) ample safety/security and lifestyle features, housing price growth, he adds. “The key is- buyers during this period of slowdown.
and 18% who had no particular preference sue is people’s income. If homebuyers had “Instead of waiting for salaries to increase,
as long as the home was affordable. the money, they would not want to borrow homebuyers could consider buying a small-
Landed homes remained the most desir- to buy a house,” he tells EdgeProp.my er unit that suits their budget and gradually
able with 39 votes (40%) although high-rise Nevertheless, he stresses that a holistic upgrade to their dream house,” says Tong.
EP 6 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
B UD G ET 2 0 2 0 SU RVE Y
More than six months’
wait for a buyer
B Y RACHE L CHE W
L
ooks like property owners
looking to sell their proper-
ties will have to wait at least
six months before they could
find a buyer, according to an Edge-
Prop.my online survey.
Of the 900 respondents who took
part in the survey, 713 were proper-
ty owners of whom 36.6% or 260 of
them said they were looking to sell
their properties amidst the current
slow market.
Notably, over a quarter (25.4%) of
those selling their properties had
been waiting for a buyer for more
than two years now while 23.5% said
they had been trying to sell their
properties between one to two years.
Another 19.2% of them said they had
been seeking buyers for between six
months to 12 months. The rest of the
respondents who were selling their
properties (31.9% or 83) had been
waiting for a buyer for less than six
months.
Interestingly, a majority of these
property owners (40%) were trying
to dispose of residential properties
priced between RM500,000 to RM1
million. Another 15.5% were selling
properties priced above RM1million.
About 29% of the property owners
were selling residential properties
priced below RM500,000 — the next
most common property type for sale
in the market.
Only 1% to 2% respondents were
currently selling commercial prop-
erties priced at RM1 million to RM2
million; and priced at above RM2 mil-
lion, as well as industrial properties.
Meanwhile, 63.4% or 453 respond-
ents currently did not have plans to
sell their properties as a majority of
them (55% or 249 respondents) were
Types of properties they want to sell
Residential properties RM500k – RM1m (40%)
Residential properties < RM500k (29%)
Residential properties > RM1m (15.5%)
Commercial properties <RM1m (5.5%)
Land (4%)
Commercial properties >RM1m – RM2m (2%)
Commercial properties >RM2m (2%)
Industrial properties (1%)
Others (1%)
Why some owners are not selling their units
Own stay (55%)
Not in a hurry to sell as price will appreciate (19%)
Keeping property for rental income (18%)
I want to leave it to my children (or family) (5%)
Can’t find a buyer (2%)
Other reasons (1%)
More innovative home
ownership schemes
owner–occupiers now staying in their
tops Budget 2020 wish list
properties.
Some of these owners (19% or 87
respondents) anticipated the value of B Y C HI N WA I LU N
their properties to appreciate in future,
M Budget
hence they were not in a hurry to sell. alaysian homebuyers are open
Another 18% or 83 respondents wanted and ever ready to consider new
to keep their properties for rental in- homeownership schemes as 2020
come and 5% or 24 owners wanted to long as they benefit them. More innovative wishlist
leave their properties to their children. An online survey conducted by
The remaining respondents decided EdgeProp.my to gauge what Malaysians
schemes to own
to keep their properties after failing to want from the upcoming Budget 2020 a property
find buyers while others had reasons when it comes to home ownership and the
which they did not disclose. property sector found that a majority wanted 575 More current
data on housing
The online survey was conducted to to see more innovative schemes for property prices and
gauge what Malaysians wanted from the ownership in the market. supply
upcoming Budget 2020 when it comes to Some 575 out of the 900 respondents said
home ownership and the property sector. they hoped Budget 2020 would announce the
introduction of more innovative schemes that
Transparent
bumiputera- 469
units release
could help them own a property. mechanism
A notable example of such schemes is
Owners who are looking FundMyHome which was introduced last 299 Government
to sell their properties year. Under this platform, aspiring first-time financial
assistance
homebuyers only pay 20% of the property for first-time
(713 property owners) price to own a home while the remaining 80% Government homebuyers
of the price will be contributed by participat- RTO schemes
NO YES ing institutional co-investors who share the 199 282
upside in the future value of the property.
453 (63.4%) 260 (36.6%) Next on the people’s wishlist was for clearer
and more up-to-date data on housing prices On this, Soam says a substantial number of
and supply (469 respondents). unsold properties are bumiputera units, hence
When asked, Rehda president Datuk Soam a standardised mechanism is urgently needed
How long have owners Heng Choon says Rehda has been pushing for for developers to release the units to the buyers.
been waiting for buyers? the Housing and Local Government Ministry
(KPKT) to create a central database of Malaysia
“Currently, Selangor, Kuala Lumpur and
Penang have clear release mechanisms for
(260 respondents)
property inventories, existing developments unsold Bumiputera units, Perak is now work-
>2 years <6 months and approved developments. ing on it. However, other states do not have
(25.4%) (31.9%) Such data, he says, would provide a clear- clear guidelines on this,” he adds.
er picture on housing demand and supply Next up on the people’s wishlist, according
in the market. They will also help proper- to the EdgeProp.my survey, were for more fi-
ty developers make the right development nancial assistance for first-time homebuyers
decisions while offering property buyers an (282) followed by more rent-to-own schemes
insight into the future development of a cer- to be introduced (199).
tain area, he adds. Meanwhile, other respondents also hoped
>1 year – >6 months – KPKT has commenced work on this inte- the government would allow buyers to use
2 years 12 months grated demand-and-supply database and it is their Employees Provident Fund savings as
(23.5%) (19.2%) expected to be ready over the next two years. collateral for home loan applications, extend
The survey respondents were also hoping the Home Ownership Campaign (HOC) to
for more transparent bumiputera-units release resale markets, and consider the needs of the
mechanisms to be implemented (299 responses). elderly for affordable senior community homes.
Extend incentives to secondary market
While the Malaysian 2020 survey are hoping for housing loans. “The focus
government is very that the government’s shouldn’t be just on the B40
much focused on issues stamp duty exemptions now group. The middle-income
involving affordable housing, applicable to primary market earners also need financial
some participants of the residential transactions, will assistance to buy a house,”
EdgeProp.my Budget 2020 be extended to secondary said one of the respondents.
Survey are hoping that market transactions, To further stimulate sec-
Putrajaya would not ignore the especially for first-time ondary market transactions,
needs of the middle-income homebuyers regardless of there was also a proposal to
(260 respondents)
group and the elderly. property value. remove the Loan-to-Value (LTV)
Property owners who are Currently, only the first ratio of 70% for the third hous-
looking for buyers on the RM300,000 of the price of ing loan for buyers who have
secondary market seem to a secondary residential the financial ability to service
find themselves on the losing property transaction are the monthly instalment.
end when they compete with exempted from stamp duty The government was also
developers offering attractive on Memorandum of Transfer reminded not to forget the
packages for their products. and Loan Agreement. welfare of senior citizens.
The entry costs in purchasing a Some respondents The respondents suggested
sub-sale property is generally also suggested that help for pensioners to own
not as attractive as buying from the government allow a house and introduction
the primary market. property buyers to use their of affordable elderly
Hence, some respondents Employees Provident Fund community homes with
(453 respondents) of the EdgeProp.my Budget as collaterals when applying nursing assistance.
FR IDAY O CTOBE R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY EP 7

nd

S
trategically situated in Kuala Lum-
pur’s southern corridor, Sri Petaling
was first developed in the 1980s. It is
today a mature suburb where amen-
ities abound.
During the late 1990s to late 2000s, new high-
ways were built such as the Middle Ring Road
2, the Shah Alam Expressway (KESAS), Sun-
gai Besi Expressway and the Maju Expressway
(MEX) which together with the existing Kuala
Lumpur-Seremban Highway formed a compre-
hensive transportation network for Sri Petaling.
The neighbourhood also saw the completion
of the Sri Petaling LRT station in 1998.
Excellent connectivity has given Sri Petal-
ing a big lift as one can easily access all of the
Klang Valley. Key locations such as KL, PJ and
Putrajaya are less than half an hour’s drive away.
Sri Petaling has become a hot spot for home-
buyers and real estate investors, especially those
wanting a place that is close to KL city centre The dazzling rooftop infinity pool overlooking the township.
minus the hustle and bustle.
Properties in Sri Petaling have recorded con-
developments in KL’s southern corridor: Bandar of the 120,000 sq ft net lettable area.
sistent value growth. Take non-landed homes Malaysia, Tun Razak Exchange, Merdeka 118 This will bring vibrancy to the area with
for example. Data from the National Property and Bukit Bintang City Centre. professionals working and living here, making
Information Centre showed that the average Coupled with the upcoming Sungai Bu- the homes attractive to owner-occupiers and
transaction price of these homes have climbed loh-Serdang-Putrajaya MRT line, the neigh- investors, hence the future value appreciation
since the 1990s. bourhood is expected to enjoy spillover from and rental yield are assured, says chief operating
From the RM119 psf recorded in 1991 to these world class financial districts. officer Shelly Chiau.
1995, the average transacted price in the area Through the second MRT line, expected to “Notably, the homes at 8th & Stellar are
has registered 206% growth to RM364 psf in the be fully operational by July 2022, Sri Petaling designed to cater to a wide range of buyers,
2016 to end-September 2019 period. will enjoy enhanced connectivity. including professionals and multi-generational
The average selling price of new projects in The proposed Bandar Malaysia South MRT families. For instance, there is a dual key feature
Sri Petaling and in neighbourng areas such as Station is only two stations away from the Taman in the serviced apartments and three-generation
Sungai Besi has already breached RM600 psf Naga Emas MRT Station situated a few kilo- facilities which are perfect for those who wish
with some projects selling as high as RM770 psf.metres from Sri Petaling. Residents here can to live with their parents,” she adds.
reach home within half an hour if they work Meanwhile, Chin Hin Property Development
REACHING GREATER HEIGHTS in the city centre. managing director Datuk Yeo Chun Sing added
Sri Petaling is poised for greater heights with The asking price for condominiums in Sri that the developer takes 8th & Setllar’s success
its proximity to some of the most exciting mega Petaling can go as high as RM600 psf which and sustainability to heart and is working tire-
still offers decent growth potential in view of Yeo (left) and Chiau believes 8th & Stellar will bring lessly to ensure every aspect of the project is
its infrastructure, scarcity of land and rising vibrancy to Sri Petaling. taken care of, particularly its lifestyle offerings.
housing needs in the Klang Valley. “We have partnered with Melody Kindy-
There are some 1.78 million people living Instead of going high density, the develop- land, an established early childcare and chil-
in KL as at end-June this year, according to the er has crafted a mid-rise project surrounded dren education provider in Penang and invest-
Department of Statistics Malaysia. The number by landed homes with only 600 units, giving ed about RM1 million to set up a 6,000 sq ft
is estimated to hit 1.98 million by 2025. owners greater capital appreciation potential. kindergarten in the project, which is probably
Sri Petaling will become increasingly popular Another feature of 8th & Stellar is its location, the first of its kind in a high-rise residential
among homebuyers and investors which in turn where the commercial district of Sri Petaling project,” he says.
will support the appreciation of property values. is a stone’s throw away, allowing one to enjoy There will also be a 10,000 sq ft gym, a lounge,
all the conveniences without the congestion. a co-working space and F&B outlets in the cor-
FIRST OF ITS KIND The Taman Naga Emas MRT Station is also porate tower.
Interested to own a home or property in Sri 700m away and the developer will propose to “As opposed to just bringing in the operators,
Petaling? Chin Hin Property Development has the authorities to construct a covered walkway we believe in long-term partnerships with them
introduced a first-of-its-kind mixed develop- from the project to the MRT station to provide as this will ensure the success and continuation
ment in Sri Petaling called 8th & Stellar that seamless and safe connection. of the businesses in the project,” he shares.
comprises an office tower, retail shops and 660 The office tower will be the first Grade A With the first-of-its-kind concept, the project
units of apartments and duplex lofts. office in the area and three companies un- is poised to transform the landscape of Sri Pet-
It offers homebuyers all the amenities of Sri der the Chin Hin umbrella, namely Chin Hin aling into a bustling place like Mont’Kiara and
Petaling and the long-term growth of the area Group Bhd, Chin Hin Group Property Bhd and Bangsar South. “8th & Stellar aspires to serve as a
An actual showroom view of 8th & Stellar. at an attractive price from RM600 psf. Solarvest Bhd will be taking up about 70% catalyst to transform the entire area,” Yeo offers.
EP 8 FR I DAY OC TOB ER 4, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

F EATU R E

PICTURES BY LOW YEN YEING | EdgeProp.my

Yow and team have turned one The co-
of the pre-war shop houses into working space
a new destination for tourists. on the second
ːoor could be
used as event
space during
weekends.

B Y TA N A I LE N G

T
“These gave me ideas on how
to promote Klang as we felt that
here are many ways the town’s glorious past holds
to tell a story and so much value and should not
Jomy Yow feels be ignored,” Yow says.
that the best way The team chose a pre-war
to convey the sto- shophouse to start their hospi-
ry of Klang is to let tality and F&B business. Other

Experiencing
people experience it for them- than co-working and accommo-
selves, by staying and working dation, visitors could also drop Every corner has its story
at Play! Klang Coshtel. by Play! Klang Coshtel for a cup- Every corner, wall and even

Inspired by the concept of
co-working spaces and poshtels
(upscale hostels), Yow and four
friends who was each involved
in different industries decided
to set up their first “Coshtel”
in the Royal Town and former
KLANG
pa or rent its space for events. the stairs were used to high-
Despite the limited 18ft by light unique aspects of Klang.
70ft available, the team turned For instance, the metal doors
three large rooms into dormi- at the entrance are inspired by
tories with a total of 17 beds in the Klang Railway Station that
choices of four beds, six beds played a key role in opening up
and seven beds. Storage lockers the royal town.

capital of Selangor.
“Being the Royal Town of
Selangor, Klang has so many
stories to tell, but we are not
in a little
for each bed occupant have been The open kitchen’s modern
created under the staircase. hood and hob are paired with
Leveraging the high ceilings, vintage wood and rattan kitch-
the four- and six-bed dorms en cabinets filled with retro ta-

going to do it by talking. What
beats the fun of experiencing
it?” said the 30-year-old who
has travelled to over 40 coun-
tries and has now settled down
in his birthplace.
As a degree holder from
Taiwan majoring in cultural and
creative industries, he under-
stands the importance of in-
tegrating historic places and
culture with modern marketing
and branding to create vibrancy
in an aging town.
“I have been to many coun-
tries and learnt some things
about marketing tourist desti-
nations. Some places are amaz-
ing with rich cultural value while
there are others with less cul-
tural or historical content but
could still do well with the right
marketing effort.
The coshtel
concept is an
inspiration
from co-
working space
and poshtel.
shophouse
with double-decker beds sport a
minimalist look. The seven-bed
dormitory has three decks with
the highest deck offering one
single bed. This, says Yow, is
the favourite dorm of groups
or families.
Each bed is laid with a premi- Repurposing a
A latte um mattress with bedding and a pre-war building
nostalgically reading light as well as thick cur- Play! Klang Coshtel is located
presented tains to reduce noise and light. at Jalan Raya Timur in Klang
“This is part of our brand po- old town centre around five
sitioning — to provide patrons minutes’ walk to the popu-
with a luxurious yet afforda- lar Chong Kok Kopitiam and
ble hostel living experience,” Klang KTM station.
says Yow. The two-storey shophouse
Play! Klang Coshtel also fea- holds around 110 years of histo-
tures an information corner for ry in what was once the busiest
guests. Yow and the team have street in Klang.
designed and printed a travel According to Yow, shop-
map to introduce their list of houses on the street were built
must-go places in Klang. by Loke Yew — a well-known
businessman and philanthro-
pist during Colonial Malaya and
Yow integrates historic
this one was used as a hostel for
places and culture with
Chinese migrants who worked
modern marketing
at Port Swettenham (renamed
strategies to bring
Port Klang in 1972).
vibrancy to an aging
“To let people understand
town.
and appreciate Klang’s history
and culture, one must begin
with Jalan Raya Timur,” stress-
es Yow.
However, the two rows of
shophouses on the street be-
came mostly unoccupied and
left to decay.
Nevertheless, Yow and his
friends took on the challenge
to retrofit the building to meet
modern needs.
bleware. To symbolise one of
Klang’s signature dishes Bak
Kut Teh, used clay pots have
been recycled for potted plants
in the kitchen. The kitchen now
draws guests to stay awhile to
share stories of their stay here.
“We serve simple Malaysian
breakfast here — bread with
kaya spread, half-boiled eggs
and salted cream crackers with
Milo. These are common Ma-
laysian fare which many for-
eign tourists find interesting,”
he says.
Bringing in the crowd
Since it opened in August last
year, Yow said Play! Klang
Coshtel has done surprising-
ly well.
“During peak seasons, all
the beds are fully booked. But
tourism is a seasonal thing. In
order to ensure revenue sus-
tainability, we organise events
and activities that draw peo-
ple to this quiet part of Klang,”
he says.
One was the Egg Cracking
Festival on May 25 this year
which attracted over 2,000 peo-
ple to the coshtel. The event
also gathered local artisans and
craft makers who participated
as vendors at the pop-up stalls.
Yow hopes such events could
spur the growth of the local cul-
tural and creative industry while
attracting the younger genera-
tion to stay and appreciate the
historical value of Klang.
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3ULQWHGE\8OWLPDWH3ULQW6GQ%KG+/RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD
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each listing
Commercial Residential to visit the
Properties for sale and rent listing’s page

RM2,290,000 RM690,000 RM2,500/mth RM3,600,000

Taman Desa, Kuala Lumpur Ken Jimbaran Sek 16, Arnica, Tropicana Gardens, Damansara Jaya,
Type: Semidee house Tenure: Freehold Shah Alam, Selangor Tropicana, Selangor Jalan SS22/23, Selangor
Built-up: 3,900 sq ft Land size: 3,960 sq ft Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Leasehold Type: Shoplot Tenure: Freehold
Bedroom: 5 Bathroom: 3 Built-up: 2,300 sq ft Land size: 1,430 sq ft Built-up: 605 sq ft Bedroom: 1 Bathroom: 1 Built-up: 6,600 sq ft
Bedroom: 5 Bathroom: 3

Agnes Tai (REN 10576) Aiman (REN 20482) Ann Soh (REN 03232) Bernice Lim (REN 19013)
GRIFFIN PROPERTIES (E (3) 1792) FML ZI VALUERS & PROPERTY CONSULTANTS METRO REC SDN BHD (VE(1)0376/1) KIM REALTY (E (3) 0211)
SDN BHD (VE (1) 0294)
+6017 617 5161 +6014 669 6250 +6018 369 8650 +6012 660 1616

SOLD FOR Done

RM1.15 million (RM1,057 psf) deal
Courtyard apartment, Adora,
Desa ParkCity, KL
Concluded by: Susan Woo (REN 16613) of Oneworld Real Estate
(+016 206 6060) When: March 2019

RM1,460,000 Noteworthy
Adora is a 2.3ha gated-and-
guarded neighbourhood
“It was a good deal as
the unit fitted all the buyer’s
RM1,500,000
Kiara 9, Mont’ Kiara, • Built-up: 1,087 sq ft
located in Desa ParkCity, the requirements. The property Phileo Damansara,
Kuala Lumpur award-winning township is situated amidst lush Petaling Jaya, Selangor
Type: Condominium Tenure: Freehold • Ground floor which offers amenities such landscaping and the price psf is Type: Office Tenure: Freehold
Built-up: 2,175 sq ft Bedroom: 3 Bathroom: 3 • Courtyard concept as an international school, stable even in this slow market,” Built-up: 1,360 sq ft (ground floor) and 1,308
apartment supermarket, F&B outlets, parks Woo shared with EdgeProp.my. sq ft (1st floor)
and commercial hub. As at Oct 1, there were five
• Partly furnished
Caren Wong (REN 22846) Adora comprises courtyard Adora apartment units for sale Glenn Mak (REN 22639)
with furniture and terraced homes with walled- listed on EdgeProp.my. Their
RGROUP 6 SDN BHD (REMAX FOUNDERS) (E(1) 1707/6) AVID ESTATES (E (3) 1524)
home appliances in private gardens as well asking prices ranged from
+6016 282 3223 +6012 868 3563
• 2 bedrooms and 2 as apartments which were RM814.24 psf to RM1,183.97 psf.
bathrooms completed in early 2007. Meanwhile, there was only
• Freehold According to Susan Woo one similar unit for rent at an
from Oneworld Real Estate, asking monthly rent of RM3,400
the property negotiator who or RM3.07 psf.
concluded the deal, the seller
of the apartment unit was an
investor who sold to realise
capital gains.
Meanwhile, the couple who
bought the unit was downsizing
from a 3-storey townhouse.
The couple was also looking
for a new place that offered

RM2,600,000 more open spaces such as a

park, for their pet dogs. As the RM489,000
Nadia Parkhome, Desa ParkCity, unit was located on the ground Casa Tiara, Subang Jaya,
Kuala Lumpur floor, it came with a small Selangor
private garden.
Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold
The buyer also liked the unit
Built-up: 2,600 sq ft Bedroom: 4 Built-up: 953 sq ft Bedroom: 3 Bathroom: 2
as it was furnished and came
Bathroom: 4
with home appliances such as
Grace Chew (REN 24975) kitchen cabinets, toaster oven, John Oh (REN 07002)
fridge, cooker, dryer and washer,
RGROUP 6 SDN BHD (E (1) 1707/6) IQI REALTY SDN BHD (E (1) 1584)
dining table set and curtains.
+6016 233 1796 +6012 298 6266

RM2,065,000 RM450,000 RM880,000 RM1,699,000

St Regis, KL Sentral,
Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 766 sq ft Bedroom: 1 Bathroom: 1
Avenue D’Vogue,
Petaling Jaya, Selangor
Type: Condominium Tenure: Freehold
Built-up: 799 sq ft Bedroom: 2 Bathroom: 1
Bandar Nusaputra Puchong Andes Villa, Bukit Jalil,
(Kinrara), Puchong South, Selangor Kuala Lumpur
Type: Terraced house Tenure: Malay reserved land Type: Bungalow Tenure: Freehold
Built-up: 2,200 sq ft Bedroom: 4 Built-up: 3,537 sq ft Land size: 2,200 sq ft
Bathroom: 2 Bedroom: 7 Bathroom: 6

Josephine Tan (REN 05324) Keat Lim (REN 16681) Kelvin Tan Khai Yik (REN 31324) Kenny Lew (REN 25411)
CBD PROPERTIES (BUKIT JALIL) SDN BHD (E (1) 1197/12) ONE WSM PROPERTY SDN BHD (E (1) 1823) ASPIRE PROPERTIES (E (3) 1632) FULL HOMES REALTY SDN BHD (E (1) 1501/8)
+6012 390 9498 +6013 299 8992 +6016 403 2222 6012 247 4805
FRIDAY O CTO B E R 4 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

SP OTL IGHT
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RM990,000 RM4,600,000 RM280,000 RM2,400,000

Kiaramas Sutera, Mont’Kiara,
Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 1,675 sq ft Bedroom: 4 Bathroom: 3
One KL, KLCC, Anggerik Residensi Apartment Setia Prima Shoplot, Setia Alam/
Kuala Lumpur Bandar Teknologi, Kajang, Selangor Alam Nusantara, Selangor
Type: Condominium Tenure: Freehold Type: Apartment Tenure: Freehold Type: Shoplot Tenure: Freehold
Built-up: 3,285 sq ft Bedroom: 3 Built-up: 1,008 sq ft Bedroom: 3 Built-up: 4,950 sq ft Land size: 1,650 sq ft
Bathroom: 4 Bathroom: 2

Michelle Tang (REN 35926) Ian Tang (REN 22803) Mohd Faiz (REN 04003) Ravin Binwani (REN 13799)
MIP PROPERTIES SDN BHD (E (1) 1866) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) TRUE VEST PROPERTY CONSULTANTS SDN BHD SQUARE FEET REAL ESTATE (E (3) 1547)
+6012 603 0866 +6018 278 3154 (VE (1) 0249) +6013 308 3063 +6012 388 7100

SOLD FOR Done

RM910,000 deal
3-storey terraced house,
Halamanda @ Gombak, Selangor
Concluded by: Hayati Husin (REN 01018) of Reapfield
Properties Sdn Bhd (+6019 359 6969) When: August 2019

RM580,000 Noteworthy
Halamanda @ Gombak is
developed by Briswood Sdn Bhd
pricing was also reasonable.
“Initially, the buyer paid a
RM4,128,000
Sri Ampang Hilir, • Freehold, Malay
and was completed in 2015. This visit to this unit and fell in love Bukit Bandaraya, Bangsar,
Ampang, Selangor reserved land
low-density project (about 100 with it at first sight. Less than a Kuala Lumpur
Type: Condominium Tenure: Leasehold units) comprises 2-storey and week later, she paid the booking Type: Bungalow Tenure: Freehold
Built-up: 1,042 sq ft Bedroom: 3 Bathroom: 2 • Land size: 1,300 sq 3-storey terraced houses built deposit. Then, her loan was Built-up: 4,000 sq ft Land size: 6,280 sq ft
ft on Malay-reserved land along approved within three days after Bedroom: 5 Bathroom: 4
• Built-up: Jalan Halamanda, Gombak. It is a the submission of the relevant
Jimmy Ng (REN 02015) 2,322 sq ft gated-and-guarded project. documents. Suzanne Shoo Kim Looi (E2069)
REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) The houses sport a modern, “It was a smooth transaction GRIFFIN PROPERTIES (E (3) 1792)
• Semi-furnished, contemporary and minimalist throughout. Everything went
+6016 257 0886 4 bedrooms and +6016 248 1679
design and are nestled among well,” Hayati told EdgeProp.my.
4 bathrooms lush greenery. Residents are Hayati noted that both owner
• Amenities: Within treated to a view of the quartz and purchaser were cooperative
5km radius of ridges of the popular Bukit and were able to achieve a
educational Tabur or Klang Gates Quartz mutual agreement quickly.
institutions Ridge located nearby. “The house was in very good
such as Sekolah Halamanda is accessible condition, very nicely designed
Berasrama via Jalan Gombak, Jalan Batu and came with an attractive
Penuh Integrasi Caves, the MRR2 and the price. In fact, at that time, there
(SBPI) Gombak, DUKE Highway. It is also within were two other serious buyers
close proximity to the Karak who were willing to pay the
International
Expressway. The Gombak LRT booking deposit should my
Islamic University
station is about a 15-minute buyer’s loan be rejected,” she said.
Malaysia (IIUM),
drive away. Halamanda units were priced
Setia Budi
RM160,000 schools (primary
Notable educational
institutions like the International
from RM580,450 when they were
launched. RM590,000
and secondary),
Bukit Segar Flat, SMK Sungai
Islamic University Malaysia Data from EdgeProp. Taman Nusantara Prima,
Cheras, Selangor Pusu, Giant
(IIUM) and Setia Budi schools my showed that the average Nusajaya, Johor
are also a short drive away. transacted price for Halamanda
Type: Flat Tenure: 99 years Built-up: 650 sq ft Hypermarket Batu Type: Terraced house Tenure: Freehold
According to Hayati Husin units was RM935,667 between
Bedroom: 3 Bathroom: 1 Caves, Gombak Built-up: 2,228 sq ft Land size: 2,240 sq ft
of Reapfield Properties Sdn the period from 2015 to 2018.
LRT station, Bukit Bedroom: 5 Bathroom: 4
Bhd who concluded the sale, And as at September 2019,
Terence Tih (REN 01644) Tabur hiking trail, the main pull for this sale is there were eight sale listings Usha Sha (REN 17124)
40km to Genting its striking interior design and with asking prices ranging from
TECH REAL ESTATE SDN BHD (E (1) 1537) GATHER PROPERTIES SDN BHD (E (1) 1536/3)
Highlands. ready-to-move-in condition. The RM950,000 to RM1,600,000.
+6017 668 2669 +6016 720 0135

RM2,000/mth RM1,300,000 RM550,000 RM4,400,000

Eco Santuari, Kiaramas Cendara, Saujana Puchong (Kinrara Puteri), Binjai On The Park,
Kota Kemuning, Selangor Mont’ Kiara, Kuala Lumpur Puchong South, Selangor KLCC, Kuala Lumpur
Type: Shoplot Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Malay reserved land Type: Condominium Tenure: Freehold
Built-up: 1,500 sq ft Land size: 1,600 sq ft Built-up: 1,650 sq ft Bedroom: 3 Bathroom: 3 Built-up: 1,800 sq ft Bedroom: 3 Built-up: 2,250 sq ft Bedroom: 3
Bathroom: 2 Bathroom: 3 Bathroom: 4

Wilson Lim (REN 29646) Yat Min (REN 31294) Kelvin Tan Khai Yik (REN 31324) Ian Tang (REN 22803)
ONE WSM PROPERTY SDN BHD (E (1) 1823) WTW REAL ESTATE SDN BHD (E (1) 0507/6) ASPIRE PROPERTIES (E (3) 1632) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452)
+6016 353 0201 +6018 661 3088 +6016 403 2222 +6018 278 3154