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FBM KLCI 1635.

72

2.33

KLCI FUTURES 1631.00

2.50

STI 2777.11

4.00

RM/USD 4.0450

CPO RM2564.00

36.00

OIL US$49.38

0.10

GOLD US$1275.90

1.00

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY MAY 19, 2016 ISSUE 2170/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

CIMB
inquiry
clears
Nazir
Razak
4 HOME
BUSINESS

www.theedgemarkets.com
2

Arul Kanda
pulls out of debate

PETRONAS WARNS OF

FURTHER
Y
L
N
OOIL PRICE,
!
t
r
a
FOREX
Get sm
e
@
homrty.com
e
IMPACT
p
o
r
geP

4 HOME BUSINESS

IOI Corp returns


to the black with
RM748.4m net profit
profi
fit
6 HOME BUSINESS

s the

y, it'
l
s
u
o
i
Ser

ortal
p
y
t
r
propeou need
y

EA Technique
confi
fident of keeping
its FSO deals

xt
e
n
r
u
7 H O M E B UF
Si
IN
nEdS S yo
Federal ministries
below par

d
E
e
Th
17 H O M E

Ongkili: No promise
power rate
wont rise

A it
As
itss 1Q
1Q p
profi
rofit ttumbles
bl 60%
on prolonged
pro
olonged downtrend
downtrend in crude prices,
supply glut. Meena Lakshana
has the story on Page 4.

19 W O R L D B U S I N E S S

Suzuki denies
h ti on fuel,
f l
cheating
emission testing

Police will question Jho Low about


1MDB if necessary, says Zahid
8 HOME BUSINESS

FBM KLCI 1635.72

2.33

KLCI FUTURES 1631.00

2.50

STI 2777.11

4.00

RM/USD 4.0450

CPO RM2564.00

36.00

OIL US$49.38

0.10

GOLD US$1275.90

1.00

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY MAY 19, 2016 ISSUE 2170/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

CIMB
inquiry
clears
Nazir
Razak
4 HOME
BUSINESS

www.theedgemarkets.com
2

Arul Kanda
pulls out of debate

PETRONAS WARNS OF
4 HOME BUSINESS

IOI Corp returns


to the black with
RM748.4m net profit
6 HOME BUSINESS

EA Technique
confident of keeping
its FSO deals
7 HOME BUSINESS

Federal ministries
below par
17 H O M E

Ongkili: No promise
power rate
wont rise

FURTHER
OIL PRICE,
FOREX
IMPACT

As its 1Q profit tumbles 60%


on prolonged downtrend in crude prices,
supply glut. Meena Lakshana
has the story on Page 4.

19 W O R L D B U S I N E S S

Suzuki denies
cheating on fuel,
emission testing

Police will question Jho Low about


1MDB if necessary, says Zahid
8 HOME BUSINESS

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

For breaking news updates go to


www.theedgemarkets.com

ON EDGE T V
www.theedgemarkets.com

Arul Kanda pulls out


Its no longer possible for me to engage with Tony Pua in a debate

Populism:
Careful what
you wish for

The Edge Communications Sdn Bhd


(266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6,


Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia

Publisher and Group CEO Ho Kay Tat

BY BILLY TO H

KUALA LUMPUR: Arul Kanda


Kandasamy, 1Malaysia Development Bhds (1MDB) president and
group executive director, said it is
no longer possible for him to engage with opposition lawmaker
Tony Pua in a debate over 1MDB
on concerns that it may prejudice
1MDBs legal position, following a
police probe into the fund, and the
latters dispute with Abu Dhabis
sovereign wealth fund, International Petroleum Investment Co (IPIC).
I refer to the debate challenge
issued by YB Tony Pua on April 14,
2016. Since it was issued and accepted a month ago, there have been two

key developments that mean it is no


longer possible for me to engage
with YB Tony in a debate, he said.
Arul Kanda cited the formation of a special task force by the
police to look into the findings
of the Public Accounts Committee (PAC) on 1MDB, and 1MDBs
public dispute with IPIC, as those
two developments.
I am now fully focused on assisting PDRM (the Royal Malaysian Police) and resolving the IPIC dispute.
As such, I cannot engage in a debate
which may prejudice 1MDBs legal
position in relation to the investigation and the dispute, he added.
It was reported on Tuesday that
the first one-to-one debate between

Pua, who is also DAP national publicity secretary, and Arul Kanda, over
controversies surrounding the strategic development fund was still on
after Arul Kanda accepted a second
challenge that Pua issued on April 14.
Pua told reporters at the Parliament lobby that day that Arul
Kanda had agreed to proceed with
the debate in April, after the PAC
report was tabled in Parliament
on April 7, adding that they were
making the preparations to take
the gloves off on air.
Pua, the member of parliament
for Petaling Jaya Utara, had also
called on Communications and
Multimedia Minister Datuk Seri Dr
Salleh Said Keruak to reoffer RTM

or TV3 as a platform for a live televised debate on 1MDB, following


his offer last October, before the
event was cancelled.
But when approached later, Salleh
said RTM had no interest to televise
the debate between Pua and Arul
Kanda as the 1MDB issue had been
resolved following the tabling of the
PAC report in Parliament in April.
The debate between Pua and Arul
Kanda, which was supposed to be
telecast live by RTM, was cancelled
last November, after Dewan Rakyat
Speaker Tan Sri Pandikar Amin Mulia
set a condition that Pua can only debate with Arul Kanda if he resigns
from the PAC, as the committees
probe into 1MDB was still pending.

BP searches for the bottom

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BY LIAM DE NNI NG

NEW YORK: Here is how strange


things are for Big Oil. On Tuesday,
BP plc said its head of exploration would be stepping down. In
response, its shares did this (see
Chart 1):
Did what? You might ask. And
that is the point: Nothing, really.
Which is odd when you consider that exploring for oil and gas is
kind of a big part of being a major
oil and gas company. Also when
you consider that Richard Herbert
had only been in the job for about
two years. He took the job at a time
when, having sold a slew of assets
to fund payouts related to 2010s
Macondo disaster, BP could use
some topping-up. After all, aside
from 2013, the company hasnt had
a great track record of finding oil
and gas lately (see Chart 2).
To be fair, BPs 68% reserve-replacement rate in 2015 was not as
bad as Exxon Mobil Corps 58% or
close rival Royal Dutch Shell plc,
which turned in a negative number,
according to figures from Sanford
C Bernstein. Even so, chapter 1,
verse 1 of the Gospel According to
Big Oil says: Thou shalt replace at
least every barrel produced [and
even more, if thou canst help it].
The old script[ure] does not
count quite as much these days.
What is the point in spending money on finding more oil and gas when
prices of the stuff you produce al-

Chart 1

Chart 2

ready are not high enough to pay


other important bills like dividends, for instance.
BP cut its capital expenditure
budget again when it reported quar-

terly results last month, with exploration bearing some of the brunt.
Hubberts departure is couched in
the language of streamlining the
organisation. These days, though,

being the head of exploration isnt


quite the priority position it used
to be and shareholders focused
on payouts probably prefer it that
way. Bloomberg

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Indonesia to probe Lion Air, Indonesia AirAsia ground handling ops


JAKARTA: Indonesias transportation
ministry yesterday said it plans to suspend the in-house ground handling
operations of budget carriers Lion Air
and Indonesia AirAsia at two of the
countrys biggest airports, while it
investigates possible handling errors.
Transportation ministry spokesman Hemi Pamuraharjo at a briefing
said the airlines had until Tuesday

to hire other handling services before its investigation begins. He said,


without elaborating, that the possible
errors involved passenger handling.
The suspension will apply to
Lion Air at Jakartas main airport
and to AirAsia on the resort island
of Bali, he said, declining to disclose
the duration of the investigation.
Lion Air is Indonesias biggest

budget carrier, while Indonesia AirAsia is an affiliate of Malaysias AirAsia


Bhd, Asias biggest low-cost carrier.
Local media reported this week
that Lion Air and Indonesia AirAsia
had allowed passengers on two international flights to disembark at
domestic terminals, and that airport
security officials had to redirect the
passengers for immigration checks.

Flight numbers the ministry


identified as involving possible passenger handling errors matched
those in the media reports.
Lion Air declined to comment
on the reports when contacted by
Reuters. In a statement yesterday,
its director Edward Sirait said the
airline would continue to operate
normally. Reuters

4 HOME BUSINESS

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Petronas warns
of further oil price,
forex impact
As 1Q profit tumbles 60% on downtrend in crude prices, supply glut
BY MEENA L A KSHANA

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) saw its first quarter
(1Q) after-tax profit slump 60%
its seventh consecutive quarter of
dwindled profits as the prolonged
downtrend in crude oil prices and
global supply glut continued to hurt
its earnings.
The national oil company said
profit after tax (PAT) for 1Q ended
March 31, 2016 (1QFY16) totalled
RM4.57 billion, down 60% compared
with RM11.4 billion for 1QFY15.
Revenue declined 25.77% to
RM49.13 billion from RM66.19 billion, it said in a statement yesterday.
The group attributed the lower
profit to lower prices across all products and higher net impairment on
assets, which was partially offset by
lower product and production costs,
and the impact of favourable US dollar exchange rates against the ringgit.
The ringgit had weakened to 4.2
against the greenback in 1QFY16,
while Dated Brent price dropped 37%
to US$33.89 per barrel from US$53.97
in 1QFY15, Petronas said.
Petronas also attributed its lower
revenue to lower average realised
product prices following the protracted downtrend of key benchmark prices (Dated Brent and Japan
customs-cleared), coupled with the
impact of lower crude oil and condensate, processed gas and petroleum products sales volume.
Lower prices across all products
and higher net impairment on assets reduced profitability, which was

partially offset by lower product and


production costs and the impact of
favourable exchange rate against the
ringgit, it said.
Petronas said its total assets fell
to RM567.6 billion as at March 31,
from RM591.9 billion as at Dec 31,
2015, due to the weakening US dollar exchange rate against the ringgit
at March 31.
Similarly, shareholders equity
decreased to RM364.7 billion from
RM374.9 billion as at Dec 31, 2015.
Capital investments declined 7%
to RM11.3 billion in 1QFY16 from
RM12.1 billion in 1QFY15, while
cash flow from operating activities
dropped 44% to RM9.7 billion from
RM17.3 billion.
Gearing ratio decreased to 15.8%
as at March 31 compared with 16%
as at Dec 31, 2015 due to lower borrowings on the back of weakening
US dollar exchange rates against the
ringgit, while return on average capital employed fell 3.5% as at March
31, compared with 5.1% as at Dec
31, 2015, in line with the lower profit
during the period.
Petronas said the upstream production volume in Malaysia and the
groups international equity production volume rose to 2.45 million barrels of oil equivalent (BoE) per day
from 2.39 million BoE per day in 2015
as a result of higher Iraq production entitlement and new production stream from Indonesia, offset
by natural decline.
However, the upstream segments
PAT dropped 71% to RM2.3 billion
in 1QFY16 from RM7.87 billion

Padinis 3Q net prot rises 32%,


expects best-ever full-year earnings

in 1QFY15, while revenue fell to


RM29.3 billion from RM40.99 billion.
Production entitlements to Petronas were up 9% to 1.82 million BoE
per day while liquefied natural gas
(LNG) sales volume decreased 9% to
7.35 million tonnes. This was due to
lower production from the Petronas
LNG Complex in Bintulu, Sarawak.
Petronas said limited trading opportunities hindered the sales volume
of petroleum products and crude
oil by 3.4 million barrels and three
million barrels, to 69 million barrels
and 55.3 million barrels respectively.
The downstream segment saw
its PAT drop 42% to RM1.1 billion
from RM1.91 billion, while revenue
decreased to RM22.03 billion from
RM28.93 billion. Petrochemical products sales volume grew by 0.1 million
tonnes due to higher production.
On prospects, Petronas said concerns on moderate demand outlook
and persistent oversupply will continue to pressure crude oil prices.
The company said it expects its
performance to be affected by the
volatility of oil prices and foreign exchange (forex) rate.
Petronas will continue with its
cost rationalisation efforts to remain
competitive while pursuing efforts
to drive operational efficiencies and
effective delivery of growth projects
that bring value, it added.
Its Pengerang integrated complex
project is on track at 28%, while its
Sabah ammonia and urea (Samur)
project has achieved 99% completion and is expected to commence
in June 2016.

KUALA LUMPUR: Padini Holdings Bhd saw its net profit for
the third quarter ended March
31, 2016 (3QFY16) rise 32.1% to
RM35.13 million, from RM26.59
million a year ago, on the back
of expanded revenues and a
smaller increase in operating
expenses.
It said in its bourse filing the
higher profit came about despite gross margins falling 2.8%
year-on-year, as the weakening ringgit had driven up the
cost of its products. Revenue
grew 20.71% to RM342.37 million, from RM283.62 million in
3QFY15.
Its net profit for the nine
months ended March 31,
2016 (9MFY16) rose 61.22%

to RM100.03 million, from


RM62.05 million in 9MFY15;
re v e n u e ro s e 2 5 . 9 7 % t o
RM952.32 million from
RM755.96 million.
With only one more financial quarter to go and considering the bulk of shopping for the
Hari Raya festivities will occur
in June, the last month of our
financial year, we can quite safely predict that the 2016 financial year should see the group
earning its highest profits thus
far, it said, without giving any
specific profit forecast.
Padini declared a fourth interim dividend of 2.5 sen per
share (single-tier) and a special
dividend of 1.5 sen per share
(single-tier). Both dividends
will go ex on June 1, and be payable on June 29.

BY C H E S T E R TAY

KUALA LUMPUR: Datuk Seri Nazir


Razak will return as chairman of
CIMB Group Holdings Bhd after an
internal inquiry cleared him of any
wrongdoing in the way he handled
US$7 million that passed through
his account at the bank just before
the 2013 general election.
CIMB said in a statement yesterday that the inquiry ordered by
the board of directors was done
with the help of external audit firm
Messrs Ernst & Young, and it also
obtained independent legal advice. It did not name the legal firm.
A CIMB spokesperson confirmed to The Edge Financial Daily that the findings of the inquiry
will be submitted to Bank Negara
Malaysia.
Nazir has been on a voluntary
leave of absence since April 19 to
facilitate an independent review
of a money transfer to his account
from Prime Minister Datuk Seri
Najib Razak. The move follows Nazirs confirmation of The Wall Street
Journals report on March 31 that
showed that nearly US$7 million
was transferred to his private account from those of his brother Najib
ahead of the 2013 election, which
was then passed onto politicians in
Barisan Nasional.
Nazirs decision to take a voluntary leave of absence was extolled by
various quarters including AirAsia
Bhds group chief executive officer
Tan Sri Tony Fernandes, who had
described the move as a class act
for the benefit of good corporate
governance and transparency.
In a statement yesterday, CIMB
Group said the findings from the
review concluded that Nazir did
not misuse his position as the

group chief executive at that time


nor was there any inappropriate
use of the banks resources.
However, the detailed examinations conducted during the review
identified some process shortcomings, and the boards (of CIMB Group
and CIMB Bank) have instructed the
management to put in place plans
for immediate improvements, as
well as strengthen internal rules and
processes to avoid reoccurrences
moving forward, it added.
The boards welcome Datuk
Seri Nazir Razak back to serve as
chairman of CIMB Group and director of CIMB Bank. The boards
are committed to maintaining the
highest standards of corporate governance in our organisation, and
this decision was taken with firm
intent towards fulfilling these obligations, said CIMB Group senior
independent director and audit
committee chairman Datuk Mohd
Nasir Ahmad in the statement.
Apart from the findings of the
review, the boards also took into
consideration the vote of confidence from shareholders for Datuk Seri Nazir Razaks continued
chairmanship at our 2016 annual general meeting, as well as his
track record of serving the group
in various capacities since 1989,
in arriving at the decision, he said.
CIMB Group shares closed unchanged at RM4.32 yesterday, valuing the countrys second-largest
lender by assets
at RM37.71
billion.

Nazir has been on a voluntary leave


of absence since April 19 to facilitate
an independent review of a money
transfer to his account from Najib.
Photo by Mohd Izwan Mohd
Nazam

IOI Corp returns to the black with RM748.4m net profit


BY C HE S TE R TAY

BY B I L LY TOH

CIMB inquiry clears


Nazir Razak

KUALA LUMPUR: IOI Corp Bhd,


which returned to the black with a net
profit of RM748.4 million or 11.88 sen
per share in its third financial quarter
ended March 31, 2016 (3QFY16), said it
is taking all appropriate actions to implement the action plan as required by
the Roundtable on Sustainable Palm
Oil (RSPO) and expects the actions to
be completed by end-May.
The RSPO certification of IOI Group
was suspended on April 1 for the alleged breaching of its principles on
environmental permits and allegedly
clearing more land than authorised in
certain plantations in Indonesia. The
suspension will result in the groups
specialty oils and fats subsegment of
its resource-based manufacturing
segment to face challenges in the next
few months, said IOI Corp.
IOI Corp attributed the return to

profitability, compared to a net loss


of RM188 million or 2.95 sen loss per
share in 3QFY15, to higher contribution from its resource-based manufacturing segment and currency
translation gain of RM432.8 million.
Revenue grew 3.9% to RM2.87 billion in 3QFY16 from RM2.76 billion
a year ago.
In a filing with Bursa Malaysia
yesterday, IOI Corp said the resource-based manufacturing segment posted a 196% increase in
profit to RM305.1 million in 3QFY16
from RM102.9 million in 3QFY15,
due mainly to fair value gain on
derivative financial instruments of
RM184.9 million.
For the cumulative nine months
period (9MFY16), IOI Corps net
profit surged 92 times to RM754.2
million from RM8.2 million in
9MFY15, while revenue grew 3.6% to
RM8.92 billion from RM8.61 billion.

Moving forward, IOI Corp expects


crude palm oil prices to remain firm
at the prevailing level of between
RM2,500 per tonne and RM2,700
per tonne during the remaining financial quarter ending June 30, 2016
in view of the increased demand for
palm oil during the coming Ramadan month and festival.
The group also sees the volatility
of the ringgit against the US dollar
continue to impact its non-cash flow
foreign-exchange translation gain/
loss, arising from its medium- to
long-dated US dollar-denominated
borrowings, though at a lesser extent
than two to three quarters ago.
Overall, we expect our underlying operating results for the remaining financial quarter to be satisfactory, it said. IOI Corp shares
closed unchanged at RM4.18 yesterday, with a market capitalisation
of RM26.31 billion.

6 HOME BUSINESS

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

EA Technique confident
of keeping its FSO deals
Foresees no challenges in segment as most contracts are long-term, serving downstream sector
BY MEENA L A KSHANA

KUALA LUMPUR: EA Technique


(M) Bhd foresees no challenges in
its floating, storage and offloading
(FSO) segment as most of its contracts serve the downstream segment and are on long-term charters, as opposed to spot charters,
according to its managing director
Datuk Abdul Hak Md Amin.
He said yesterday the companys FSO contracts had not faced
any early termination so far and
are for the transporting of clean
petroleum products like jet fuel
and RON95 fuel, which see more
stable demand than the upstream
oil and gas (O&G) segment.

Because our vessels are trading vessels, if an FSO [contract] is


not renewed, we use it for trading.
We are quite safe, he told reporters
when asked if its FSO contracts were
facing any challenges, like early termination or suspension of contracts.
EA Techniques order book stood
at RM1.7 billion as at Jan 1, 2016. Of
its sales, 63% comprise O&G engineering projects, while the remaining
37% are transportation-related contracts. Sixty per cent of its revenue is
US dollar-denominated, while 30%
of its costs are ringgit-denominated.
The bulk or 91% of EA Techniques
fleet of 35 vessels are on long-term
charters. Only four vessels have contracts expiring in 2017 to 2018, while

the rest have tenures stretching to


December 2025. Its FSO vessels operate in Malaysian marginal oilfields.
Abdul Hak told The Edge Financial Daily in March the companys
earnings visibility was good and its
vessel utilisation rate was at 90%
to 95%.
The only challenge for us [now]
is requests from clients to revise our
charter rates. Maybe we can extend
the contract period, [or] we give [a]
discount with the extended period.
It will depend on negotiations [with
clients], he said yesterday, after the
companys annual general meeting.
He said the company hopes to
surpass the stellar results it achieved
in financial year 2015 (FY15).

We will capture the full-year


revenue of one FSO vessel at Tembikai, compared to last year, when
we only captured half a years revenue. For our tugboats last year,
we only captured seven months of
revenue. This year, we will capture
their full-year revenue.
In the fourth quarter ended
Dec 31, 2015, EA Techniques net
profit more than quadrupled to
RM11.15 million from RM2.67 million a year ago, while revenue more
than tripled to RM147.8 million
from RM41.13 million previously.
The big leap in quarterly earnings propelled EA Techniquess fullyear net profit to RM37.34 million,
more than double the RM14.23

million it saw in FY14.


The group has already secured
new harbour tug contracts with
Kertih Port Sdn Bhd (RM12.1 million), Sungai Udang Port Sdn Bhd
(RM26.59 million) and Petronas
Floating LNG 1 (RM150.5 million),
which will add nine harbour tugboats deals and one mooring boat
job in FY16.
The group has also secured a
RM39 million charter contract for
a chemical tanker, which is scheduled to commence by mid-2016.
Abdul Hak said the group hopes
to increase its fleet by the end of this
year, by adding another two tankers
and 10 tugboats, though this depends
on whether it secures more jobs.

MOST VIEWED STORIES ON


theedgemarkets.com

Dialogs 3Q earnings slip 3.58% as upstream activities slow MBM Resources 1Q net prot drops
BY C H ESTER TAY
ing, construction and fabrication
Going forward, Dialog remains 47.6% due to one-o gain last year
KUALA LUMPUR: Dialog Group
Bhd, an engineering company in
the oil and gas, petrochemical and
chemical industries, reported that
its net profit for the third quarter
ended March 31, 2016 (3QFY16)
fell by 3.58% to RM78.92 million,
from RM81.85 million a year ago,
due to slower upstream activities
and lower sales of specialist products and services.
Earnings per share for the quarter declined to 1.52 sen, from 1.65
sen, its bourse filing yesterday
showed, while revenue fell by
4.23% to RM641.40 million, from
RM669.76 million a year ago.
The group declared an interim
dividend of one sen per share for
the quarter under review, which
will be payable on June 28.
Dialog said its Malaysia operation remained busy with engineer-

activities from various ongoing


projects, though these were partially offset by slower upstream
activities and lower sales of specialist products and services.
Internationally, earnings were
better than in 3QFY15, due to higher fabrication activities in New Zealand and engineering and construction activities in Singapore.
The groups share of joint-venture profit for the current quarter
was also higher when compared to
[the] same period last year. This was
mainly attributable to increased
contributions from Pengerang Independent Terminal, which has
fully leased out its storage capacity
since 1QFY16, Dialog said.
For the nine months ended
March 31, 2016 (9MFY16), net profit
grew 2.6% to RM217 million or 4.22
sen per share, from RM211.5 million
or 4.28 sen per share in 9MFY15.

confident that its business model is


well structured, and can withstand
the current oil price volatility and
currency movements.
In addition, strong demand
for storage facilities for petroleum
products reinforces the groups
strategy to further develop and
invest in Pengerang Deepwater
Terminal for the long term, it said,
adding that it will continue to benefit from long-term recurring income when additional tank terminal facilities start operations.
On the upstream sector, the
group said production enhancement activities continue to be carried out in the Bayan field, and D35,
J4 and D21 clusters, while it seeks
viable production assets which
may become available.
It is cautiously optimistic that it
will continue to deliver a healthy
performance in FY16.

BY S UPR IYA S UR E N D R A N

KUALA LUMPUR: Automotive


group MBM Resources Bhd saw its
net profit for the first financial quarter ended March 31, 2016 (1QFY16)
fall 47.6% to RM18.4 million or 4.71
sen a share, from RM35.14 million or
8.99 sen a share a year ago, mainly
due to the recognition of a one-off
property contribution in 1QFY15,
and lower vehicle sales and production volumes in 1QFY16.
Revenue for 1QFY16 also came
in 36.8% lower at RM373.94 million,
from RM591.74 million in 1QFY15,
mainly due to lower revenues from
both its motor trading and auto
parts manufacturing divisions.
In a filing with Bursa Malaysia
yesterday, MBM said its motor trading divisions revenue fell 18.2%
year-on-year (y-o-y), after a higher

sales performance in 1QFY15 in anticipation of the implementation of


the goods and services tax in April
last year.
Its auto parts manufacturing
divisions revenue declined 7.7%
y-o-y due to lower demand by major customers.
On its prospects, MBM said the
trading environment remains challenging as customer sentiment
stays soft.
Operating costs will continue to
be affected by uncertain exchange
rate movements. [However,] new
and facelifted models to be introduced from within our marques in
the second half are expected to benefit the groups performance, it said.
MBMs priorities moving forward are to focus on prudent spending to manage operating costs and
maintain its market share, it added.

Bluetooth device manufacturer Salutica makes rm ACE debut


BY MEENA L A KSHANA

KUALA LUMPUR: Bluetooth device maker Salutica Bhd made a


firm debut on the ACE Market of
Bursa Malaysia yesterday at 86.5
sen, 8.13% or 6.5 sen higher than
its offer price of 80 sen, though it
pared some gains at the end of
trading hours to close at 82.5 sen,
still 3.15% or 2.5 sen higher.
It saw some 74.03 million shares
traded, making it the fourth-most
active counter on the local bourse.
Salutica managing director and
chief executive officer James Lim
said the stocks debut performance
was a great start for Salutica, and

that the company is optimistic


about its growth potential as the
Bluetooth-enabled device market
is still not saturated.
It is not like the smartphone
market, which is getting saturated.
The Bluetooth market is different;
it has not reached a point where
companies are shipping billions of
Bluetooth [devices] a year, he told
reporters after the companys listing ceremony yesterday morning.
Besides being primarily involved
in the design, development and
manufacture of consumer electronic
products, such as Bluetooth devices,
Salutica also makes other electronic
products, and precision parts and

components like optical light


guides, 3D glasses and electronic
door locks for external brands.
This year, the companys revenue will be driven by its existing
multinational clients and its FOBO-brand tyre pressure monitoring system, known as FOBO Ultra,
which will be launched by early
July, said Lim.
We are aiming to get clients in
the heavy and commercial vehicle
segment with FOBO Ultra, he said,
adding that Salutica is also in talks
with a potential client to develop a
USB-powered product with touchscreen functions.
Salutica said it had successful-

ly raised RM62.4 million of proceeds from its initial public offering


(IPO). Of the proceeds, 40.1% or
RM25 million will be channelled
towards its capital expenditure for
purchase of new machineries and
equipment.
Its IPO involved the issuance
of 101 million shares, comprising
a public issue of 78 million new
shares and an offer for sale of 23
million existing shares. The retail
tranche of the IPO of 19.4 million
shares was oversubscribed by 9.98
times.
Based on its closing price yesterday, Saluticas market capitalisation stood at RM320.1 million.

Lim: We are aiming to get clients in


the heavy and commercial vehicles
segment with FOBO Ultra. Photo by
Suhaimi Yusuf

HOME BUSINESS 7

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

Federal ministries
below par

ERL extension project


not best value for money
due to weaknesses

KUALA LUMPUR: The Auditor-Generals


The project cost of RM129
Report 2015 revealed that some weaknesses at the express rail link (ERL) extension million presented by Express
project from Kuala Lumpur International
Rail Link Sdn Bhd in value
Airport (KLIA) to klia2 in Sepang, Selangor,
management lab exceeded
has caused the government to not obtain best
value for money for the expenses incurred. the cost approved by the EC
In its audit done from January to April last
of RM100 million.
year, the National Audit Department (NAD)
found that one weakness of the project was
that price negotiations were not conducted
prior to the submission of project cost es- interest of the government.
AUDITOR GENERALS REPORT
timates for the approval of the Economic
To ensure that all the weaknesses highCouncil (EC).
lighted do not recur, NAD recommended
The (2.16km extension) project cost of that the Transport Ministry conduct price
RM129 million presented by Express Rail negotiations where the government can reap
Link Sdn Bhd (ERLSB) in value management best-value-for-money.
(VM) lab exceeded the cost approved by the
The supplemental concession agreement
EC of RM100 million. Thus, the objectives of [must be] finalised promptly to protect the
VM for cost savings are not achieved, said interest of both parties. The computation
the NAD in the auditor-generals report.
formula of compensation must benefit both
The supplemental concession agree- parties and not be detrimental to the govGOVERNMENTS FINANCIAL STATEMENT, FINANCIAL MANAGEMENT
FOR THE YEAR 2015 AND ACTIVITIES OF THE
ment was also not finalised to date despite ernment, said the NAD.
FEDERAL MINISTRIES/DEPARTMENTS AND
MANAGEMENT OF THE GOVERNMENTS COMPANIES
the ERL services from KLIA to klia2 having
It also suggested that the cost compostarted [operating] since May 2, 2014, the nent of the project submitted to the VM
SERIES 1
report noted.
lab be more comprehensive, detailed and
The auditor-generals report pointed approved by the EC; and that the issue of
out that compensation claimed by ERLSB service charges to be settled and approved
amounting to RM2.9 billion had yet to to protect the interests of all parties.
be finalised. However, it noted that the
The ERL extension project has increased
computation formula of compensation the number of its passengers by 43.2% from
Heads of departments should establish claimed does not benefit and protect the 6.44 million in 2013 to 9.23 million in 2014.
a check and balance system; supervise
closely and conduct surprise checks and
periodic assessment of skills and capabilities of officers; and give training to officers
who are involved in financial management
so as to improve their efficiency. This is
to avoid officers who lack experience and
skills from making decisions.
Records on assets should always be
updated by the ministries or departments
in preparation for the federal governments
It is only a matter of time before the wave of digital disruption hits your
shift towards accrual accounting, the
industry. When the time comes, are you ready to face it head on?
NAD added.

Their financial performances declined in 2015


BY C H ON G JI N HU N

KUALA LUMPUR: The financial management of federal ministries and departments showed a decline in performance
last year, compared to the previous two
years, according to the Auditor-Generals
Report 2015.
[The] performance of financial management by federal departments showed
a decrease in the number of excellent departments for 2015, compared to 2014 and
previous years, said the National Audit
Department (NAD) in the auditor-general
report released yesterday.
Last year, only 16 out of 25 federal ministries were rated as excellent, compared
to 20 ministries in 2014 and 23 ministries
in 2013.
The performance of financial management by federal departments also declined,
with a total of 22 (55%) out of 40 departments rated as excellent in 2015, compared to 29 (56.9%) out of 51 departments
in 2014, and 21 (46.7%) out of 45 departments in 2013.
The financial management performance
could still be further enhanced, if controlling officers or heads of departments not
only take action to rectify the weaknesses
as highlighted by [the] NAD, but also take
preventive actions to ensure that the same
weaknesses do not recur, said the NAD.
The NAD made several recommendations to improve financial management
at the ministries. These include comprehensive checks by department heads to
determine if weaknesses highlighted by
the NAD also occur in departments and
responsibility centres.

2015

NATIONAL AUDIT DEPARTMENT


MALAYSIA

Tsunami of Digital Disruption


26 28 May 2016 Bangsar

Management of foreign workers application


unsatisfactory, data inaccurate
KUALA LUMPUR: The management of foreign workers application was unsatisfactory
and was not in compliance with stipulated
government policies or rules, while data
compiled by the Malaysian Immigration
System or MyIMMs were inaccurate, with
data integrity described as suspicious,
according to the Auditor-Generals Report
2015 (Series 1).
This was discovered after the audit assessed the management of MyIMMs, the
information technology system of the Malaysian Immigration Department that was
developed to support its operations in providing the best service to the public, external
agencies and stakeholders.
MyIMMs comprises three main components namely applications, network and data
centre, which enable users to perform data
entry, processing, validation, transmitting
and storing information from the immigration offices to the database and vice versa.
These components have been installed
at all immigration offices throughout the
country as well as at the Immigration Attach Offices abroad. They are also accessible to external agencies.
MyIMMs contract worth RM29.9 million
was approved by the ministry of finance
(MoF), through a direct negotiation with

HeiTech Padu Bhd, which saw the contract


signed between the parties on Nov 1, 2010,
for a period of one year from March 1 that
year to Feb 28, 2011.
The audit revealed that the overall management of the system was less satisfactory
in the aspects of planning, implementation,
and monitoring.
Besides unsatisfactory management of
foreign workers applications and inaccurate data, the agreement period was also
earlier than the date of approval for direct
negotiation by the MoF and the letter of
acceptance.
There was also a payment of RM22.64
million that was not supported by complete
documentation; a full payment made for
RM10.3 million worth of uninstalled and
unused biometric system and equipment;
and three out of seven systems for application and payment of visa and pass in the
eServices System that were not used.
The agency link-up was also not fully
installed, though full payment had been
made, while user acceptance and provisonal
acceptance tests were not comprehensively
done as stipulated in the agreement.
It added that a business continuity plan
was also found to be unsatisfactory, though
full payment had been made.

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Across the programme, well be exploring strategies which will allow us to:
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8 HOME BUSINESS

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Police will question


Jho Low if necessary
To facilitate investigations into 1MDB, says Ahmad Zahid
BY C H EN SHAUA F UI
& A H MA D NAQ I B IDR IS

KUALA LUMPUR: Malaysian police will summon controversial


businessman Low Taek Jho or Jho
Low to facilitate investigations into
troubled 1Malaysia Development
Bhd (1MDB) if necessary, Deputy
Prime Minister Datuk Seri Ahmad
Zahid Hamidi said.
Low has yet to meet with the police over investigations pertaining
to 1MDB.
The police will call the named
person if necessary for him to assist
with investigations. So far, there is
no meeting between him and the
police, Ahmad Zahid, who is also
the home minister, said in a written
reply to a parliamentary question by
Bayan Baru member of parliament
Sim Tze Tzin yesterday.
Sim had asked Ahmad Zahid on
Lows whereabouts and whether he
had met the police over investigations surrounding 1MDB.
Ahmad Zahid said the police had
through its Bukit Aman commercial
crime department launched investigations into 1MDB. The investigations take into account recent
findings by the Public Accounts
Committee (PAC) on 1MDB, he
added.
Ahmad Zahid said the police
would summon witnesses to have
their statements recorded if needed.

There have been probes reported in at least 10 countries related


to 1MDB, or companies and individuals linked to it, on alleged financial irregularities and possible
money laundering.
Later at a separate press conference, Sim urged the home ministry
and the police to expedite investigations into Low due to his position as a key witness to the issues
surrounding 1MDB.
He said the police inquiry into
1MDB is not a thorough investigation as Low has so far not been
called in, questioning the efficiency
of the investigation.
The police are investigating
1MDB under Section 409 of
the Penal Code (Criminal
Breach of Trust), with
investigations taking
into consideration the
Low has yet to meet
with the police
over investigations
pertaining to 1MDB
even though he is one
of the key witnesses.

findings of the PAC, which means


that the key witnesses have to give
their statements, Sim said.
The key witnesses involved [in
the 1MDB issue] include former
1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi
and Low. However, there has been
no meeting between Low and the
police as yet.
I have asked whether he is in
Malaysia or overseas, but I did not
get an answer. This is shocking to
me because 1MDB has been investigated by the PAC, the Malaysian
Anti-Corruption Commission and
the police, but a key witness (Low)
has not been called, he said.
He added that Low should
do his national service as a
citizen of Malaysia, and
has every duty to cooperate with the police.
The home ministry
and the police must
do their part to expedite investigations.

KUALA LUMPUR: The cabinet will


decide whether to declassify the auditor-generals full audit report on
troubled 1Malaysia Development
Bhd (1MDB), the Public Accounts
Committee (PAC) said. The auditor-generals findings on the state
investment firm are now classified
under the Official Secrets Act 1972
(OSA).
Regarding the classified auditor-generals audit report on 1MDB,
it is up to the cabinet to make it public, PAC chairman Datuk Hasan Arifin told a press conference yesterday.
Earlier, Minister in the Prime
Ministers Department Datuk Seri
Azalina Othman Said said there is
no need for the auditor-generals
audit report on 1MDB to be made
public as it is specifically for the PAC.
[The] PAC has discussed on the
report before it tabled its [own] report to Parliament [in April]. Therefore, there is no need for the auditor-generals report on 1MDB to be

BY C H E N S H AUA F UI

KUALA LUMPUR: It is true and


valid that the findings of the Public
Accounts Committee (PAC) have
found that Prime Minister Datuk
Seri Najib Razaks involvement in
troubled 1Malaysia Development
Bhd (1MDB) was not as alleged by
certain parties, said the ministry
of finance (MoF).
The ministry was replying to
a parliamentary question by Lipis member of parliament (MP)
Datuk Abdul Rahman Mohamad,
who had asked Najib, who is the
finance minister, to reveal plans to
restructure the state development
company after the 106-page PAC
report on 1MDB concluded that
there was no evidence to suggest
any wrongdoing or abuse of power by Najib.
The PAC report was tabled in
Parliament on April 7, following which Barisan National MPs
pointed out that its findings had
cleared Najib of any wrongdoing
at 1MDB.
However, opposition lawmakers said Najib, as the prime minister, has the power to hire and
fire directors as well as approve
all investments made by 1MDB,
and is responsible for the business
decisions by the state investment
fund, which had amassed a debt
of RM50 billion as at January 2016,
by virtue of the power conferred to
him under Article 117 of 1MDBs
Memorandum and Articles of Association.
On the restructuring of 1MDB,

Opposition lawmakers say Najib has


the power to hire and re directors as
well as approve all investments made
by 1MDB. Photo by Reuters

the MoF said it announced on


May 4 that the Minister of Finance Inc (MoF Inc), being the
sole shareholder of the company,
had agreed to adopt the recommendations made by PAC in its
report on 1MDB.
The recommendations included transfering the ownership of
Bandar Malaysia Sdn Bhd, TRX
City Sdn Bhd, and the lands in Air
Itam, Penang and Pulau Indah to
MoF Inc and dissolving the advisory board of 1MDB.
It also abolished Article 117 of
the Memorandum and Articles of
Association of 1MDB and changed
the reference of prime minister
to finance minister. In line with
this, MoF Inc had accepted the
resignation of the current board
of directors at 1MDB effective May
31, and will appoint new directors.

PM: Soft loan given to Proton


to ensure jobs not aected
BY C H E N S H AUA F UI

To declassify or not to declassify?


Cabinet to decide
BY A H MA D NAQ I B IDR IS
& C H EN SHAUA FUI

Najibs involvement in 1MDB not as


alleged by certain parties MoF

disclosed to the public, she said in


a written reply to a parliamentary question by Marang member of
parliament Datuk Seri Abdul Hadi
Awang yesterday.
Abdul Hadi had asked the prime
minister to state the governments
action on the recommendations that
have been submitted by the PAC in
its 1MDB Governance Management
Control Report, and when the auditor-generals report on 1MDB will
be made public.
Azalina said the government had
taken note on the recommendations
in the PAC report and will take necessary actions.
The auditor-generals final audit
report was presented to the bipartisan committee last year, and the
findings of the report were cited in
the PAC report, which was tabled
in Parliament on April 7.
Dewan Rakyat Speaker Tan Sri
Pandikar Amin Mulia on April 8 said
the auditor-generals report was not
tabled because it was a classified
document under the OSA.
Meanwhile, Hasan praised the

fast delivery of the auditor-generals


Report 2015 by the National Audit
Department, noting that it is unusual
for the report to be released this early.
The auditor-general tabled its
2015 report in Parliament [yesterday], and it is a big achievement that
the report was released earlier than
anticipated. Normally, it would be
challenging for the report to be prepared before June. This shows that
we have a good reporting system in
place, along with good management
of accounts, said Hasan.
He also said overall the federal
government performed well last
year, but a few items will need a
closer look.
Hasan said the PAC will be calling
up three federal departments for further clarification at its next proceeding, including the Immigration Department on the implementation of
the Malaysian Immigration System,
the Sabah Water Department on its
rural water supply programme, and
the Natural Disaster Management
Agency in relation to the management of the houses of flood victims.

KUALA LUMPUR: The government decided to grant a RM1.5


billion loan to Proton Holdings
Bhd to ensure that the company
remains in the national automotive industry and that some
60,000 workers in the industry
are not affected, said Datuk Seri
Najib Razak.
The prime minister said the
National Automotive Policy,
among others, has outlined the
need for the government to support existing car producers, including Proton.
Therefore, the government
decided to approve the RM1.5
billion soft loan to Proton based
on the need to ensure that Proton remains in the national automotive industry as a national
project that carries the image of
the country, he said.
Najib, who is also the finance
minister, said this in a written
reply to Petaling Jaya Selatan
parliamentarian Hee Loy Sian
in the Dewan Rakyat yesterday.
The PKR lawmaker wanted to
know why the government approved the loan when Proton is
no longer a government-owned
company.
Najib said not providing the
loan to Proton would impact the
industrys ecosystem and thereby affect the workforce in the
industry.

He said 19,134 workers, linked


to Protons 40 vendors that supply
components, would be affected.
Also, if Proton ceases operation, 59,520 people will lose
their jobs, including 12,000
workers directly under Proton,
he added.
Najib said Proton is in the process of finalising its turnaround
plan to boost its performance
within and outside the country.
The plan includes the launch of
the new Perdana, Saga and Persona models this year.
Besides, Proton is also reviewing its existing business models
and preparing a regional business framework, in line with the
needs of the markets that have
been identified.
The government announced
its approval of the soft loan to
Proton with conditions on April 9.
The conditions include the
need by Proton to draw up a turnaround plan, a way to expand
its market domestically and internationally, and a tie-up with
a well-known strategic partner
that will help in research and development to help the carmaker
become competitive in international markets.
The government also announced that a task force, led
by former cabinet minister Datuk Seri Idris Jala, will be set up
to ensure that Protons transformation plan is successful.

HOME BUSINESS 9

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

Tien Wah hopes


to sustain growth
Momentum to be driven by its tobacco business segment
BY Y I MI E YONG

KUALA LUMPUR: Printing and packaging group Tien Wah Press Holdings
Bhd hopes to maintain its growth
momentum, which saw its net profit
more than double to RM35.83 million for the financial year ended
Dec 31, 2015 (FY15) from RM15.82
million the previous year, in FY16.
Tien Wah executive chairman
Yen Wen Hwa said the growth will
be driven by its tobacco business
segment.
The recent excise hike may have
a slight impact on the Malaysian
tobacco business. But in other markets, the cigarette business is still
doing well, Tien Wah executive
chairman Yen Wen Hwa told reporters after the annual and extraordinary general meetings (AGM
and EGM, respectively) yesterday.
The local tobacco industry had
seen three rounds of excise hikes between 2013 and 2015. Tax on tobacco
was first raised by 14% in September
2013, 12% in November 2014, and by
a whopping 36% in November 2015.
He noted that in most of the
countries that he had travelled to,
there was a slowdown in the overall business.

Tien Wahs revenue from the tobacco segment stood at RM312.7 million, accounting for 85.1% of its total
revenue of RM367.37 million in FY15.
Yen, with an indirect stake of
54.1% in Tien Wah as at March 28,
said it is fortunate that the group
controls a major part of its production process. By reducing wastage
and improving efficiency, it is able to
provide discounts to tobacco companies without affecting its bottom line.
Tien Wah group finance director
Ng Cheong Seng said the group is
also confident of securing a contract
renewal from its major customer,
British American Tobacco (M) Bhd
(BAT) for another three years.
The group is now into the final
year of a long-term supply contract
with its major customer.
We are definitely very confident. After the expiry of the contract in the later part of this year,
it (BAT) is able to get tenders from
our competitors, [but] we believe
we can give them better pricing. If
we are able to that, the contract will
be awarded to us, he said.
Earlier at the EGM, Tien Wah
shareholders approved its rights
issue to raise RM48.25 million. The
proceeds will be used for business

expansion into the Middle East


and/or Indonesia, and the construction of a new factory.
Yen said the new manufacturing plant in Dubai, in which the
group has invested US$5 million
(RM20.10 million), is expected to
start production this September.
He expects the Dubai plant to
start contributing to the groups
earnings significantly from FY17.
The plant will serve some 17
tobacco companies in the Middle
East. We expect the contribution
from the Dubai business to be about
30% of our total revenue, he said.
As for the expansion into Indonesia, Ng said Tien Wah may
acquire or set up a plant of its own.
Currently, Tien Wah has another
four plants in Austrialia, Vietnam
and Malaysia.
Going forward, Yen said Tien Wah
will continue to focus on the tobacco
segment as it is relatively consistent,
with no concerns about bad debts.
He also doesnt see the shutting
down of BATs plant in Petaling Jaya,
Selangor, as having a major impact
on Tien Wahs business. They are
not shutting down their business,
but their operations here. Its still
business as usual.

(From left) S P Setia chief nancial ocer Choy Kah Yew, Khor, chairman Tan Sri Dr
Wan Mohd Zahid Mohd Noordin, and deputy president and chief operating ocer
Datuk Wong Tuck Wai after the annual general meeting yesterday.

RM4b sales target high but


achievable S P Setia
BY C H E S T E R TAY

SHAH ALAM: S P Setia Bhd, the


countrys largest listed property
developer by sales, is confident of
achieving its RM4 billion sales target for the financial year ending Dec
31, 2016 (FY16) by being selective
of projects it chooses to pursue.
S P Setia president and chief
executive officer Datuk Khor Chap
Jen said the group plans to launch
another 11 projects for FY16 in Malaysia and abroad.
He said combining the 11 projects with the two entities launched
earlier this year, S P Setia has RM4.7

billion worth of projects in FY16.


Collectively, Khor said these
projects comprise 8,200 units of
landed and high-rise properties.
I have been asked about this
many times. Yes, it (the RM4b target) is high, but not too high. I believe as long as we select the right
projects, there will be demand,
Khor told reporters after S P Setias annual general meeting here
yesterday.
Khor said S P Setia is also keen
to expand its land bank this year.
[From] this year, landowners are
more reasonable in (their) asking
prices.

Bank Negara Malaysia seen holding rates amid resilient growth


KUALA LUMPUR: Malaysias newly appointed central bank governor will probably not make major
changes to monetary policy at a review today, leaving room for a possible rate cut if the economy falters.
Bank Negara Malaysia (BNM) is
widely expected to keep its overnight policy rate (OPR) unchanged
despite falling inflation, as economic growth will likely improve in the
coming quarters.
Southeast Asias third-largest
economy has posted five quarters
of declining growth due to weak
exports and tepid domestic de-

mand, but improved production of


commodities will lend support in
the second half, economists said.
Eleven out of 12 economists in
a Reuters poll predicted the central bank will keep the rate steady
at 3.25%, with one forecasting a
25-basis-point cut.
The broad view among economists is that Malaysias first quarter growth of 4.2% was better than
expected, even if it was the slowest
in nearly seven years.
Although inflation slowed more
than expected in March to 2.6% and
should continue to cool further on

fuel prices, policymakers do not


view growth as sufficiently weak,
HSBC said in a research note.
Prime Minister Datuk Seri Najib Razak faces political pressure
over a financial scandal tied to stateowned 1Malaysia Development Bhd
(1MDB) and economic challenges
that have not been seen since the
1997-1998 Asian financial crisis.
ANZ economist Weiwen Ng said
there was no compelling reason for
the central bank to shift its position on
interest rates in the near term, and that
it would be more prudent for the new
governor to stay the course for now.

Telenor buys firm to boost Asian mobile financial services


KUALA LUMPUR: One of the
worlds major mobile operators,
Norway-based Telenor Group, announced it had acquired a Malaysia-based licensed money services business to expand its mobile
financial services footprint in Asia.
It bought the full share capital of Prabhu Money Transfer Sdn
Bhd, said Telenor, in a statement
yesterday. Telenor is present in 13
markets across Asia and Europe.
It also holds a 49% stake in DiGi.
Com Bhd, Malaysias third-largest
telephony company.

The market in Asia is at a pivotal shift. The World Banks 2014


Global Findex report shows that
from the years 2011 to 2014, the
percentage of adults with an account at a financial institution or
mobile money service provider
grew to 62% from 51%.
This complements Telenor
Groups strategic ambition for
mobile financial services in Asia
to increase and develop services
around four main pillars: payment,
savings, lending, and insurance, to
serve the unbanked and under-

banked, said its senior vice-president and head of financial services,


Tine Wollebekk.
She added that through Telenors initiatives on financial inclusion, the group will digitalise
cash, and help strengthen and develop societies.
It is our belief that over time,
remitted money will be stored on a
mobile wallet, which is in line with
our ambition to see more than half
of our customers use their mobile
phones for financial services in the
next five years, she added.

This would also allow BNM to


save up policy space should it need
to make any changes in future,
Ng said.
The consensus among economists
polled was for no change in the statutory reserve requirement (SRR) ratio,

though HSBC noted that a further cut


is possible should the unusually wide
spread between the OPR and money
market rates stop narrowing.
BNM cut the SRR to 3.5% from
4% in January to add liquidity to the
banking system. Reuters

10 ST O C KS W I T H M O M E N T U M
www.theedgemarkets.com

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
Our shareholders, directors and employees may have positions in any of the stocks mentioned.

ML GLOBAL BHD (-ve)

ML GLOBAL BHD
(ALL FIGURES IN MYR MIL)

SHARES in ML Global Bhd (fundamental:


1.3/3, valuation: 1.1/3) rose 3.2% to close at
its one-year high of 64 sen yesterday, with
1.38 million shares changing hands, which
was relatively high in comparison to its 200day average volume of 131,992 shares. ML
Global has received a notice of unconditional takeover offer from AmInvestment Bank
on behalf of LBS Bina Group for a cash offer
price of 56 sen per offer share and six sen per
offer warrant. In a filing with Bursa Malaysia,
ML GLOBAL BHD

it stated that LBS Bina had a 50.92% stake in


ML Global as of April 11. Last Wednesday, an
independent advice circular to shareholders in relation to the takeover was filed with
Bursa. Mainstreet Advisers said the offer is
not fair and not reasonable and recommended to shareholders to reject the offer.
ML Global manufactures roof tiles steel
trusses as well as provides roof designs and
reroofing works. It was previously known as
VTI Vintage Bhd.
Valuation score*
1.10
1.30
Fundamental score**
5.46
TTM P/E (x)
0.00
TTM PEG (x)
1.84
P/NAV (x)
TTM Dividend yield (%)
55.57
Market capitalisation (mil)
89.63
Shares outstanding (ex-treasury) mil
0.53
Beta
0.33-0.63
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

PA RESOURCES BHD (-ve)

Financials
Turnover
EBITDA
Interest expense
Pre-tax prot
Net prot - owners of company
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)

ML GLOBAL BHD
RATIOS

DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)

PA RESOURCES BHD
(ALL FIGURES IN MYR MIL)

SHARES in PA Resources Bhd (fundamental:


0.15/3, valuation: 0.9/3) triggered our momentum algorithm for the first time yesterday as the stock surged 12.5% to close at its
one-year high of nine sen, with 8.5 million
shares traded. The counter was highlighted
as a red flag by our proprietary algorithm,
suggesting that investors should exercise
extra caution while trading. PA Resources
is involved in the production of aluminium
PA RESOURCES BHD

billets, extrusion profiles and downstream


aluminium product-related services. The
group recorded a net loss of RM1.46 million
in the third financial quarter ended March
31, 2016 (3QFY16) compared to a net profit of RM472,000 a year ago. Revenue also
declined 35.5% to RM18.89 million from
RM29.27 million in 3QFY15. The group has
been loss-making since FY10. At current
level, it is trading 0.95 times its book value.
Valuation score*
0.90
0.15
Fundamental score**
TTM P/E (x)
TTM PEG (x)
0.85
P/NAV (x)
TTM Dividend yield (%)
75.72
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 946.53
0.89
Beta
0.05-0.08
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Stock has momentum but weak fundamentals
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

UOA DEVELOPMENT BHD (+ve)

Financials
Turnover
EBITDA
Interest expense
Pre-tax prot
Net prot - owners of company
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)

PA RESOURCES BHD
RATIOS

DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)

UOA DEVELOPMENT BHD


(ALL FIGURES IN MYR MIL)

SHARES in UOA Development Bhd (fundamental: 3/3, valuation: 2.4/3) rose 0.45%
to close at RM2.21 yesterday, with 3.19 million shares traded. In comparison, its 200day average volume was only 554,796. The
group recorded a 25.6% growth in net profit
to RM111.07 million for the fourth financial quarter ended Dec 31, 2015 (4QFY15)
from RM88.40 million in 4QFY14. Revenue
also grew 53.3% to RM511.6 million from
RM333.8 million in 4QFY14. The improved

UOA DEVELOPMENT BHD

performance was mainly derived from progressive recognition of the groups ongoing
development projects such as Desa Green,
Scenaria, South View Serviced Apartments,
Southbank Residence, Desa Sentul and The
Vertical corporate towers. At current level,
the group is trading at trailing price-earnings
ratio of 8.05 times and is 1.06 times its book
value. The groups current dividend yield
is 5.56% and has a market capitalisation of
RM3.36 billion.
Valuation score*
2.40
3.00
Fundamental score**
8.02
TTM P/E (x)
0.25
TTM PEG (x)
1.06
P/NAV (x)
5.56
TTM Dividend yield (%)
3,343.28
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 1,519.67
0.46
Beta
1.76-2.27
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

Financials
Turnover
EBITDA
Interest expense
Pre-tax prot
Net prot - owners of company
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)

UOA DEVELOPMENT BHD


RATIOS

DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)

FY12

FY13

FY14

FY2015Q4

31/12/2012

31/12/2013

31/12/2014

31/12/2015

22.3
0.7
1.4
(1.8)
(1.8)
33.9
(12.4)
(12.4)
24.5
24.0

9.9
0.5
2.0
(2.6)
(2.7)
32.9
(15.1)
(15.1)
22.6
22.4

8.5
3.8
1.4
1.4
0.1
24.4
35.2
20.1
21.3
12.2

16.3
4.9
0.4
4.3
7.4
18.6
44.3
30.3
17.0
14.0

FY12

FY13

31/12/2012

31/12/2013

31/12/2014

FY14 ROLLING 12-MTH

(0.13)
(35.66)
(7.93)
0.38
0.54

(0.15)
(55.61)
(27.56)
0.19
0.23

0.22
4.70
(14.73)
1.39
1.17
1.65
60.49
2.77

0.34
124.20
337.71
8,450.42
27.48
59.10
2.30
46.22
6.66

FY13

FY14

FY15

FY2016Q3

31/3/2013

31/3/2014

31/3/2015

31/12/2015

84.2
(3.1)
4.2
(13.0)
(12.0)
81.1
99.0
94.2
39.1
34.5

131.6
8.9
2.6
(0.4)
(1.1)
80.1
105.9
100.1
49.1
43.0

143.7
(6.3)
2.9
(16.1)
(14.5)
76.1
89.3
88.7
49.1
43.4

18.9
1.3
0.9
(1.5)
(1.5)
72.8
89.0
89.2
45.3
41.8

FY13

FY14

31/3/2013

31/3/2014

31/3/2015

FY15 ROLLING 12-MTH

0.11
(17.86)
(18.16)
(14.24)
(15.34)
1.41
36.57
(0.72)

0.11
(1.13)
56.28
(0.83)
(1.07)
1.38
42.94
3.37

0.09
(15.35)
9.23
(10.09)
(14.85)
1.14
48.93
(2.17)

0.09
(13.33)
(8.63)
(9.71)
(13.14)
1.25
46.85
0.19

FY13

FY14

FY15

FY2015Q4

31/12/2013

31/12/2014

31/12/2015

31/12/2015

1,245.5
576.0
5.2
577.9
362.8
47.9
2,642.9
2,444.8
15.4
(790.7)

1,077.8
448.2
5.8
460.7
316.1
160.4
3,004.8
2,750.6
59.8
(641.6)

1,643.2
628.5
8.3
645.3
417.0
162.0
3,445.4
3,150.8
188.4
(799.8)

511.6
177.8
2.5
188.3
111.1
162.0
3,445.4
3,150.8
188.4
(799.8)

FY13

FY14

31/12/2013

31/12/2014

31/12/2015

FY15 ROLLING 12-MTH

0.13
1.82
16.00
55.85
20.42
29.13
14.82
4.68
110.86

0.13
1.92
12.17
(13.46)
(12.87)
29.33
11.19
4.80
77.00

2.07
14.13
52.45
31.92
25.38
12.93
3.00
75.95

0.13
2.07
15.14
52.45
31.92
25.38
13.88
3.00
74.48

1 2 P R O P E RT Y S NA P S H

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

FREE
transaction
data

latest
classied
listings
news

trend
analysis
and more

analytics

Source: TheEdgeProperty.com

Whats hot in Subang Jaya?

Subang Jaya top 5 condominiums/apartments


by average price annual growth

Today, we look at price growth and indicative asking rental yields for non-landed
homes in Subang Jaya. From analysis of transactions by TheEdgeProperty.com,
the average transacted price for non-landed homes in the secondary market was
RM598 per square foot (psf) in 1Q2015, up 8.4% y-o-y.
Average prices have grown modestly across the market, buoyed by the flurry of
development activity in the vicinity. The highest relative price growth can be
found at Laman Baiduri, with the average price up 29.3% y-o-y to reach RM656
in the 12 months to 1Q2015.
The neighbouring Spring & Summer Villa also appears to have done well, with
the average price gaining 21.8% y-o-y to reach RM343 psf. While prices here
are still much lower than at Laman Baiduri, unit sizes here are very generous,
typically ranging from 1,306 sq ft to 2,088 sq ft. Hence, prices per unit here
remain elevated, with the average unit price at RM675,000.
My Place is also one of the top performers, with the average price gaining 23.9%
to reach RM621 psf. Notably, the average price at the nearby Menara Rajawali
remains slightly higher at RM692 psf, partly due to its smaller unit sizes, which
generally command higher prices.
The rental market here is dynamic, with the Subang campuses of INTI
International College and Taylors University concentrated in SS15. The
commercial strip at SS16 is also ideal for renters, offering easy access to malls
and the Subang Jaya KTM station.
Nonetheless, the highest annual indicative yields, at 6.4%, can be found at
Subang Olives Residence. This luxury condominium can be found at the quieter
end of Jalan SS16/1.

Source: TheEdgeProperty.com

Top 5 condominiums/apartments in Subang Jaya with highest indicative asking rental yield

The Analytics are based on the data available at the date of publication and may be subject to revision as and
when more data becomes available.

Chinese
investment in
US real estate
tops US$300b

China home price gains spread


as smaller cities advance
SHANGHAI: Home prices rose in
the most Chinese cities in more
than two years in April, with gains
in second-tier cities surpassing advances in larger hubs.
New-home prices excluding government-subsidised housing climbed
in 65 cities, compared with 62 in
March, among the 70 cities tracked
by the government, the National Bureau of Statistics said yesterday. Thats
the most cities since December 2013.
Prices dropped in five cities in April,
compared with eight a month earlier.
The latest figures signal that the
government is gaining traction in its
efforts to clear a glut of unsold homes
in smaller cities, while encouraging
curbs in top economic hubs including
Shanghai and Shenzhen, where prices have surged rapidly amid stimulus
measures and lower interest rates.
Nomura Holdings Inc economist
Zhao Yang said that the growth in
home prices in first-tier cities will
slow further as the government winds
back some of the liquidity, creating
a spillover effect to other regions.
The current housing rebound
is a consequence of accumulated
credit loosening since the middle of

TheEdgeProperty.com
Protascos De
Centrum City
taking shape

BY EM M A DO NG

NEW YORK: Chinese investment in the US real estate


market has surpassed US$300
billion (RM1.2 trillion) and
is growing despite Chinas
economic weakness and increased currency controls, the
authors of a new report said
on Monday.
Between 2010 and 2015,
Chinese buyers bought US$93
billion in residential real estate, nearly US$208 billion of
mortgage-backed securities,
and roughly US$17 billion of
commercial real estate, including office towers and hotels,
according to the report by the
Rosen Consulting Group and
the Asia Society.
The report is significant as
the first independent study to
prove Chinese investors rank
among the top in every real
estate sector.
It also shows Chinese investors have stamina and can
withstand short-term market
events, said Arthur Margon, a
co-author of the report and a
partner at Rosen Consulting
Group. Reuters

MOST READ ON

S P Setia: RM4b
sales target high
but achievable
The power of strong
communities

A lepic of both old houses and new apartments in the Guangfuli neighbourhood
in Shanghai, China. The government is gaining traction in its eorts to clear a glut
of unsold homes in smaller cities, while encouraging curbs in top economic hubs
including Shanghai and Shenzhen. Photo by Reuters

last year, which makes it unsustainable, Zhao, the Hong Kong-based


chief China economist at Nomura,
said in an interview. Now that the
credit policy shows signs of moderating, a correction in housing sales
and prices could loom faster than
everyone expects.
The gains were led by the Anhui
province city of Hefei, where prices
rose 5.7%, Xiamen and Nanjing, according to the official data. Prices rose
3.1% in Shanghai, a slower pace than
in March, and 2.3% in the southern

business hub of Shenzhen, the smallest gain in six months. They rose 2.7%
in Beijing and 2.4% in Guangzhou.
Real estate investments expanded 9.7% last month from a year earlier, the fastest pace since at least
2015, according to data compiled by
Bloomberg from figures released on
Saturday. New home sales soared
63.5% to 793.7 billion yuan (RM490
million) in April from a year earlier, driving a rebound in real estate
investments from the lowest level
in 14 years. Bloomberg

Pantai Sentral Parks


rst commercial
development to be
launched by end-2016
Najib: July target for
HSR MoU signing
English gardens
celebrated in
Downton Abbey castle

14 B R O K E R S C A L L

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Carlsbergs 1QFY16 profit


within expectations
Carlsberg Brewery Malaysia Bhd
(May 18, RM12.84)
Maintain buy with an unchanged
target price (TP) of RM13.60:
Carlsberg Brewery Malaysia Bhds
first quarter ended March 31, 2016
(1QFY16) profit after tax and minority interests (Patami) of RM62.9
million came in within expectations, accounting for 28.4% of our
and 27.1% of the consensus fullyear estimates respectively. Historically, Carlsbergs 1Q Patami
accounted for approximately 27%
to 29% of its full-year earnings.
The group was buoyed by higher consumption of its beverages
during the 2016 Chinese New Year
(CNY) festive period domestically
and in Singapore.
Year-on-year (y-o-y), revenues
in 1QFY16 experienced a growth of
6.12% largely attributed to strong
performance from Singapore and
Malaysia, on the back of the CNY
festive period, coupled with an ef-

fective cost-efficiency drive across


the group. Subsequently, Patami
grew 32.5% y-o-y.
Despite a tougher operating
environment, its operating margins improved by 3.69 percentage
points y-o-y. We attribute this to
the groups cost-efficiency drive,
profit-improvement measures and
the strength of the Singapore dollar against the ringgit.
Its Malaysian operations recorded a flattish evolution in revenues y-o-y (1QFY15: RM319.77
million; 1QFY16: RM319.68 million). We view this in a positive
light against a tougher economic backdrop and persistently low
consumer sentiment.
Momentum of its Singapore operations remained strong, growing
24% y-o-y (1QFY15: RM109.69 million; 1QFY16: RM136.04 million).
This was on the back of higher
sales volumes, improved price/
mix and enhanced synergies, as

Carlsberg Brewery Malaysia Bhd


FYE JUNE (RM MIL)

Revenue
Pre-tax profit
Rpt net profit
Norm net profit
Norm EPS (sen)
PER (x)
P/BV (x)
Gross DPS (sen)
Div yield (%)
ROE (%)
ROA (%)
Book value (RM)

2014A

2015A

2016E

2017E

1,635.1
274.3
216.9
211.6
69.2
18.6
12.6
69.2
5.4
63.9
32.0
1.0

1,659.9
283.6
220.2
215.9
70.62
18.5
11.9
72
5.5
71.6
34.1
1.1

1,746.4
291.6
224.5
221.3
72.4
17.8
14.4
72.4
5.6
75.4
35.6
0.9

1,825.8
315.8
243.1
239.6
78.4
16.4
14.4
78.4
6.1
80.7
37.7
0.9

Source: HLIB

well as additional profit contributions from MayBev Pte Ltd and the
stronger Singapore dollar against
the ringgit.
We expect domestic market
conditions in 2016 to remain chal-

APMs 1Q results impacted by


lower sales and higher costs
APM Automotive Holdings Bhd
(May 18, RM3.82)
Downgrade to sell with a lower target price (TP) of RM3.10:
For the first quarter ended March
31, 2016 (1QFY16), APM Automotive Holdings Bhd reported a core
net profit of RM14.8 million (-30%
year-on-year [y-o-y]; -9.7% quarter-on-quarter [q-o-q]), on the back
of a RM276 million revenue (-13%
y-o-y; +1.2% q-o-q).
This came in below our expectations, accounting for only 18%
of our full-year forecast. Our core
net profit estimate excludes RM3.8
million of foreign-exchange losses
and losses on derivatives. As expected, no dividend was declared
for the quarter. Earnings were hit by
lower sales and high raw material
costs; APMs 13% y-o-y drop in revenue was due to lower offtake from
original equipment manufacturing
products. This was in tandem with
soft vehicle sales.
In 1QFY16, total industry volume fell by 22% y-o-y to 131,267
units, while total production volume fell by 21% y-o-y to 129,591
units. APMs pre-tax profit declined
by a bigger 59% y-o-y on margin
contraction as a result of higher imported raw material costs due to a
stronger US dollar against the ringgit. Profit was also dragged down
by wider losses (an RM1.2 million
loss versus RM700,000 in 1QFY15)
on its Indonesian operation.
We expect the outlook for 2016
to remain challenging, premised on
the current weak consumer sentiment and a strong US dollar against
the ringgit, which will hit its oper-

Amways sales volume seen


declining further
APMs corporate
head oce in Port
Klang. APMs
13% y-o-y drop in
revenue was due to
lower otake from
original equipment
manufacturing
products.

APM Automotive Holdings Bhd


FYE DEC (RM MIL)

Revenue
Ebitda
Pre-tax profit
Net profit
EPS (sen)
PER (x)
Core net profit
Core EPS (sen)
Core EPS growth (%)
Core PER (x)
Net DPS (sen)
Dividend yield (%)
EV/Ebitda (x)
Chg in EPS (%)
Affin/Consensus (x)

2014

2015

2016E

2017E

2018E

1,227.9
159.1
145.3
98.4
48.8
7.8
90.2
44.7
(23.0)
8.5
14.6
3.8
3.3
-

1,152.8
134.1
95.0
60.5
30.0
12.7
60.5
30.0
(32.9)
12.7
16.5
4.3
3.6
-

1,003.7
142.6
98.0
69.5
34.5
11.1
69.5
34.5
14.9
11.1
19.5
5.1
2.9
-12.9
1.1

1,023.1
154.5
111.3
74.5
36.9
10.3
74.5
36.9
7.2
10.3
19.9
5.2
2.4
-16.6
1.1

1,036.6
155.3
113.0
75.6
37.5
10.2
75.6
37.5
1.5
10.2
18.8
4.9
2.1
1.1

Source: Company, Affin Hwang estimates

ating costs. We lower our FY16 estimate (FY16E) and FY17E forecasts
by 12.9% and 16.6% respectively on
lower revenue assumptions.
Given the cut in earnings, we
also lower our TP to RM3.10 (from
RM3.56 previously), still based on
an unchanged nine times calendar
year 2016 earnings per share. Giv-

lenging despite nascent signs of a


recovery in consumer spending. In
1QFY16, consumer sentiment improved by 9.1 points (1QFY16: 72.9;
4QFY15: 63.8), which was still shy
of the threshold level of confidence

of 100 points. While we do expect


Carlsberg to improve its margins,
investors should take note that a
strengthening ringgit could marginally offset this improvement
should beer consumption fail to
recover in tandem with consumer sentiment. To note, our house
expects the ringgit to normalise
to 4.00 per US dollar by year end.
The Euro 2016 campaign from
June 10 to July 10 is expected to
boost volumes, albeit marginally.
Risks to this stock arise from two
venues, including an overhang of
the customs bill to the amount of
RM56 million for duties and penalties in arrears, and a prolonged
soft consumer sentiment bounding total industry volume growth.
We maintain our buy call and TP
of RM13.60, based on discounted
cash flow valuation (weighted average cost of capital: 8.24%; term
growth: 2.5%). Hong Leong Investment Bank Research, May 18

en the downside, we downgrade


APM to sell (from hold). Risks
to our recommendation include a
drastic improvement in consumer spending, which may lead to
a strong pickup in vehicles sales,
and a strong reversal in the exchange rate. Affin Hwang Capital, May 18

Amway (M) Holdings Bhd


(May 18, RM9.15)
Maintain sell with a target price
(TP) of RM8.57: Amway (M) Holdings Bhds first quarter ended March
31, 2016 (1QFY16) net profit plunged
51% year-on-year (y-o-y) to RM18
million, accounting for 32% and
26% of our and the streets estimates
respectively. The board declared
an interim dividend of five sen per
share for the quarter, which was
five sen per share short compared
to a year ago.
The groups revenue dropped by
5% y-o-y to RM305.9 million due to
a high-base effect in 1QFY15, which
saw a slew of stock-up activities prior
to the implementation of the goods
and services tax in April 2015.
Operating costs amplified by
26.7% y-o-y, resulting in operating
profit shrinking as much as 50.3%
y-o-y to RM24.9 million. The rise in
operating costs was underpinned by
higher import costs due to a weaker
ringgit and higher sales incentive
provisions. We deem its 1QFY16 re-

sults in line with our expectations as


we expected a weaker quarter moving forward. As such, we make no
changes to our earnings forecasts.
Moving forward, we believe its
sales volume will decline further
owing to price increases last November. Note that Amways sales
are vulnerable to price increases as
its products are mainly high-ticket
items.
Other anticipate-able risks in
the near term include the impact
of further weakening in the ringgit
against the US dollar on importation costs. Note that 70% to 80% of
its product costs are denominated
in US dollars.
We maintain sell on Amway
with a TP of RM8.57, based on the
dividend discount model valuation
(cost of equity: 6%; growth: 2.5%),
supported by underlying risks arising from a broad increase in operating expenses. Its dividend yields
are estimated to be approximately
3.3% and 3.4% for FY16 and FY17
respectively. TA Securities, May 18

Amway (M) Holdings Bhd


FYE DEC 31 (RM MIL)

Revenue
Ebitda
Ebitda margin (%)
Pre-tax profit
Net profit
EPS (sen)
EPS growth (%)
PER (x)
DPS (sen)
Div yield (%)
Source: TA Securities

2014

2015

2016E

2017F

2018F

855.8
136.7
16.0
134.6
99.7
60.7
(8.5)
15.2
55.0
6.0

1,019.9
90.1
8.8
89.3
63.9
38.9
(35.9)
23.7
45.0
4.9

1,040.2
82.6
7.9
77.9
55.8
33.9
(12.8)
27.1
30.3
3.3

1,076.9
85.6
8.0
80.6
57.7
35.1
3.4
26.2
31.2
3.4

1,125.8
100.8
9.0
95.6
69.4
42.2
20.3
21.8
37.3
4.1

B R O K E R S C A L L 15

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

UMW to build
second plant in
Malaysia?
UMW Holdings Bhd
(May 18, RM5.62)
Maintain hold with an unchanged
fair value (FV) of RM6.36: The Nikkei Asian Review reported that
UMW Toyota Motor Sdn Bhd will
build a new production plant devoted to building small cars at an
initial capacity of 50,000 per year,
at the cost of 30 billion (RM1.1
billion).
The publication added that the
plant is set to commence in 2018
and will progressively raise capacity
to 100,000 per year. However, UMW
Holdings Bhd said in an official
statement yesterday that it had not
made any decision on the matter.
UMW would need to fork out
15.3 billion given its 51% share of
UMW Toyota Motor. The remaining stake is held by Toyota Motor
Corp (39%) and Toyota Tsusho Corp
(10%), the trading arm of the Toyota group. This would be negative
for UMW given its already strained
finances and the poor outlook for
Toyota sales in Malaysia for the immediate term. UMWs net gearing
last stood at 51.5% at the end of
2015 (from 12.4% in 2014) as borrowings shot up to RM6.02 billion
(from RM4.2 billion in 2014) due
to financing taken for the delivery
of two rigs under UMW Oil& Gas
Corp Bhd, a 55.72% unit. It was in a
net debt position of RM3.2 billion.
Furthermore, it will be a soft year
for UMWs earnings as its two major
segments automotive and oil and
gas are still struggling to recover,

Boustead Plantations poor 1Q


results offset by disposal gains

Boustead Plantations Bhd


q-o-q) was hurt by below-aver(May 18, RM1.50)
age rainfall in 2015 to 2016. The
Maintain hold with an unchanged increase in average crude palm
target price (TP) of RM1.50: Divi- oil (CPO) price towards enddend bonanza continues with a first 1QFY16 was insufficient to offset
interim dividend per share (DPS) the decline in output. Its all-in
of three sen. This compensates for cost of production was relatively
its poor first quarter ended March unchanged y-o-y at RM2,022 per
31, 2016 (1QFY16) core net profit tonne given its relatively older oil
despite a strong headline profit on palm tree age profile.
land disposal gains and foreign exOur forecast FY16 net profit of
change (forex) translation gains. We RM176 million already incorpoare keeping our DPS and profit fore- rates the RM35 million land disUMW Holdings Bhd
casts unchanged for now. Boustead posal gain in 1QFY16 plus another
Plantations remains a hold with RM82 million land disposal gain to
2014
2015
2016F
2017F
2018F an unchanged revised net asset be recognised in 2QFY16. Our core
FYE DEC 31 (RM MIL)
Revenue
14,932.5 14,419.8 13,070.4 13,688.5 13,916.5 value (RNAV) TP of RM1.50.
net profit forecast is unchanged at
Boustead Plantations 1QFY16 RM59 million for now. We expect
Core net profit
842.5
207.6
355.1
380.2
479.3
72.1
17.8
30.4
32.5
41.0 headline net profit at RM43 mil- better sequential quarters (espeFD core EPS (sen)
lion (+480% year-on-year [y-o-y], cially 2HFY16) on stronger CPO
(12.3)
(75.4)
71.1
7.1
26.0
FD core EPS growth (%)
4QFY15: RM2.8 million loss) was price which should offset weak
Consensus net profit
454.1
498.8
boosted by gain on land disposals output. On dividends, its first in44.0
41.0
15.2
16.3
20.5 (RM35 million) and forex transla- terim DPS of three sen (ex-date:
DPS (sen)
8.2
33.2
19.4
18.1
14.4 tion gains (RM5 million) on its US June 6, 2016) met 81% of our fullPER (x)
4.3
11.3
8.3
7.4
5.7 dollar loan. Adjusted, 1QFY16 core year DPS forecasts of 3.7 sen. But
EV/Ebitda (x)
6.3
5.8
2.2
2.3
2.9 net profit was RM3 million (-67% we are keeping our DPS unchanged
Dividend yield (%)
10.1
(0.6)
5.6
5.9
7.5 y-o-y, and a turnaround quar- for now pending an update. BoustROE (%)
ter-on-quarter [q-o-q]) which met ead Plantations remains a hold
12.4
51.5
31.2
23.9
13.8
Net gearing (%)
just 6% of our full-year forecasts. for its dividend yield prospects,
Source: Company, AmInvestment Bank Bhd estimates
Boustead Plantations 1QFY16 with an unchanged RNAV TP of
fresh fruit bunch (FFB) output of RM1.50. Maybank Investment
after seeing net profit fall by 37% Toyotas bestseller and took up 36% 185,205 tonnes (-13% y-o-y, -30% Bank Research, May 18
and 250% year-on-year (y-o-y) in of its FY15 sales. Rush and Avanza
Boustead Plantations Bhd
financial year ending Dec 31, 2015 are still imported.
(FY15) respectively.
Local CKDs for Toyota are built
2014A
2015A
2016E
2017E
2018E
On sales, Toyotas total indus- at the existing Shah Alam plant by FYE DEC (RM MIL)
717
615
711
754
799
try volume fell 37.1% y-o-y in the Assembly Services Sdn Bhd (ASSB), Revenue
first quarter of FY16 (1QFY16) on a wholly-owned unit of UMW Toy- Ebitda
170
113
142
166
196
price hikes introduced in Janu- ota Motor. The plant has an annual Core net profit
63
31
59
79
100
ary and the enlarged base of pre- capacity of 75,700 units per year Core EPS (sen)
3.9
2.0
3.7
4.9
6.2
goods and services tax (GST) sales (utilisation: about 80%), and builds
(36.7)
(49.9)
87.8
33.4
26.3
Core EPS growth (%)
in 1QFY15. 1QFY16 sales only met six CKD models: Vios, Camry; Hi6.0
13.0
3.7
4.9
6.2
12% of UMWs target of 85,000 units lux, Innova, Fortuner and Hiace. Net DPS (sen)
37.2
74.3
39.6
29.7
23.5
for Toyota this year.
All models are made for the Ma- Core PER (x)
1.0
1.1
1.0
1.0
1.0
On the plus side, a stronger piv- laysian market, but the Hiace is P/BV (x)
ot into small cars could be posi- also exported to Thailand.
4.1
8.9
2.5
3.4
4.3
Net dividend yield (%)
tive given the strong demand for
We maintain our numbers and ROAE (%)
3.4
1.4
2.6
3.4
4.3
cheaper and smaller cars in Ma- FV pending the companys 1QFY16 ROAA (%)
1.9
1.0
1.8
2.3
2.9
laysia and developing countries results announcement next Tues16.7
26.4
19.9
17.0
14.5
EV/Ebitda (x)
in Southeast Asia.
day, and await confirmation on
17.9
22.3
16.2
16.2
16.2
Within the local Toyota line, the the capital expenditure spending Net debt/equity (%)
176
79
100
Vios, Rush and Avanza are consid- on the plant, details on production Consensus net profit
0.0
(0.1)
0.0
ered B-segment cars. Vios (com- and the timeline for execution. MKE vs consensus (%)
pletely knocked down [CKD]) is AmInvestment Bank Bhd, May 18 Source: Maybank IB Research

Flat revenue growth in FY16 expected for Uchi


Uchi Technologies Bhd
(May 18, RM1.71)
Maintain hold with an unchanged
target price (TP) of RM1.71: Revenue in the first quarter ended March
31, 2016 (1QFY16) rose 19.4% yearon-year (y-o-y) due to the 18% appreciation of the US dollar against
the ringgit.
Essentially, the US dollar revenue rose marginally by 1.1% y-o-y
from US$7.17 million in 1QFY15 to
US$7.25 million (RM29 million) in
1QFY16. Overall, Uchis 1QFY16 core
net profit was flat y-o-y, after adjusting for unrealised gains on derivative
instruments of RM300,000 and unrealised losses on foreign exchange
of RM2.9 million.
On a quarter-on-quarter (q-o-q)
basis, the groups revenue rose marginally by 0.7% due to the strengthening of the ringgit against the US
dollar. Uchis revenue in US dollar
terms rose by a steeper 2.3% q-o-q.
In terms of product mix, the management highlighted that revenue

Uchi Technologies Bhd


FYE DEC (RM MIL)

Filepic of the Uchi Technologies building


in Perai, Penang.

contribution from the art-of living


(AL) segment was stable q-o-q, at
77% of group revenue in 1QFY16,
while the biotech segment contributed the remaining 23%. As expected, no dividends were declared for
the quarter. Uchi typically declares
dividends in the second half.
The management guides for flat
revenue growth in FY16, given the
tepid demand outlook for its AL
products and uncertainty in timing
of new biotech product launches. It
has no plans for capacity expansion
this year and is only allocating RM5

2014A

2015A

2016F

2017F

2018F

Revenue
95.5
Net profit
40.11
0.11
Core EPS (RM)
3.9
Core EPS growth (%)
14.96
FD core PER (x)
6.58
Price to sales (x)
0.10
DPS (RM)
5.88
Dividend yield (%)
11.09
EV/Ebitda (x)
15.51
P/FCFE (x)
(68.9)
Net gearing (%)
3.25
P/BV (x)
21.9
ROE (%)
% change in core EPS estimates
CIMB/consensus EPS (x)

112.6
51.08
0.15
30.3
11.48
5.58
0.11
6.47
7.85
11.15
(75.6)
2.72
25.8

113.7
55.71
0.15
1.8
11.27
5.52
0.12
6.76
7.53
11.79
(78.6)
2.58
23.5

117.2
56.25
0.15
1.0
11.17
5.36
0.12
7.06
7.16
11.62
(81.3)
2.46
22.5

120.7
57.94
0.16
3.0
10.84
5.20
0.12
7.06
6.63
11.26
(83.9)
2.33
22.1

1.08

1.11

1.12

Source: Company data, CIMB forecasts

million capital expenditure for FY16.


In terms of product pipeline, Uchi
is looking to launch the new deep
freezer control module in 2016, following delays in obtaining customer

approvals in 2015.
The management expects to complete the bonus issue exercise in June
2016, after getting shareholders approval in May. Although the bonus

issue will not alter the companys


fundamentals, we are positive on
the exercise as it should boost the
stocks liquidity and improve nearterm trading sentiment.
Dividends are the bright spot.
Uchis financial position remains
strong, with a healthy net cash balance of RM167 million at end-March
2016. Hence, we think there is ample
room for the company to increase
its dividend payout. To recap, Uchi
has a minimum dividend payout
policy of 70% of annual net profit
and the company has paid over 80%
historically.
We maintain our hold rating
with an unchanged TP of RM1.71,
based on 11.3 times calendar year
2017 price-earnings ratio (PER) [at
a 25% discount to target market PER
of 15 times]. Uchi offers an attractive
FY16 dividend yield of 6.8%, but we
prefer Inari-Amertron Bhd for its
stronger earnings growth outlook
and better exposure to the domestic
tech sector. CIMB Research, May 17

16 H O M E

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Mustapa: Too early to make


any conclusion for now
Whether the US leadership transition will impact TPP
BY C H EN SHAUA F UI

KUALA LUMPUR: It is too early to


conclude whether the leadership
transition in the United States will
have an impact on the Trans-Pacific
Partnership (TPP) agreement, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Mustapa said Article 30.5 of the
TPP provides that the multinational trade agreement will come into
force 60 days after all TPP countries
ratify the agreement.
If this does not happen in the
two years after the signing of the
agreement, it can still come into
force with the ratification of at least
six out of the 12 TPP countries that
represent 85% of the total gross do-

mestic product (GDP) of the full


dozen, he explained.
The United States represents
about 60% of the TPP countries GDP.
In other words, the participation of
the US in the TPP is important. To
implement it, each country is given 24 months from the date of the
signing of the agreement to carry out
domestic processes before the TPP
can be ratified and implemented.
Regarding the question of
whether the transition of leadership will have an impact on the
TPP, the government understands
that the failure to fulfil the abovementioned requirement under
the Article 30.5 (six TPP countries
and 85% GDP of TPP countries)
may have an impact on the im-

plementation of the agreement.


Having said that, it is still too
early to make any conclusion for
now, Mustapa said in a written
reply to Kudat member of parliament Datuk Abd Rahim Bakri, who
asked the minister to state if there
was a possibility of the TPP being
dissolved if there is a transition of
leadership in the US.
The run-up to the US presidential election is ongoing, and the
polls to elect the next president
will be held on Nov 8.
The minister also added that
Malaysia, as a country that relies on
trade, realises the TPPs potency,
especially when more and more
countries have expressed interest
to take part in it.

What is more important is market access that will be ready for


Malaysian products and services
to the TPP market. Hence, the government has begun the domestic
process to ratify the agreement,
he added.
This includes amending laws
related to customs, labour and intellectual property regimes in the
next one to two years from now.
The TPP was signed among 12
countries in the Trans-Pacific rim
the US, Malaysia, Vietnam, Japan,
Brunei, Singapore, Australia, Canada, New Zealand, Mexico, Chile
and Peru on Feb 4 in New Zealand this year. The TPP comprises
30 legal chapters covering trade
and trade-related issues.

Federal statutory
bodies satisfactory
KUALA LUMPUR: The financial
management of federal statutory
bodies in 2015 was satisfactory with
21 of 24 agencies scoring more than
70% in their evaluation.
While their performance was
overall satisfactory, the National
Audit Department said there was
a decline in the number of agencies being rated as excellent or very
good. In 2012, five achieved that
rating compared with one last year.
Besides, the marks declined between 0.3% and 12.9% for 12 of the
federal statutory bodies, whereas
seven of the agencies showed an
increase ranging from 2% to 39%.
There was no comparison made
of five federal statutory bodies as
they were evaluated only in 2015,
it said in the first series of the 2015
Auditor-Generals Report released
yesterday.
The department said the performance audit of programmes and
activities by the federal statutory
bodies showed it was good.
However, in terms of implementation, there were several weaknesses that needed to be immediately

addressed to ensure the activities


were carried out in an efficient,
economical and effective manner.
The department suggested that
the chief executive officer or director-general should take a proactive
action by closely and consistently
monitoring the activities to avoid a
recurrence of the same weaknesses.
In addition, hands-on and close
monitoring from the supervising
officer and the chief executive officer or director-general should be
continuously enhanced.
It said surprise inspections conducted in offices of 176 state and
district federal statutory bodies
showed weaknesses in complying
with financial regulations.
Besides that, financial management in nine federal statutory
bodies overseas representative
offices was good, except for a few
weaknesses in management control, expenditure control, advance
and deposit management, as well
as asset and store management.
However, these offices have
taken corrective action on this, it
added. Bernama

entry did not meet the requirements set by the government,


said the report.
On health screening for foreign workers, the audit found that
for 2014, 3,527 of 699,018 foreign
workers in Peninsular Malaysia
were given temporary work permits (PLKS), although their health
status was recorded as unfit.
In the opinion of the auditors,

Malaysia raises protectionism concern at Apec


KUALA LUMPUR : Malaysia has expressed its concern
over the rising protectionism
among some countries amid
the sluggish global economic
growth. International Trade
and Industry Minister Datuk
Seri Mustapa Mohamed said
these protectionist measures
must be closely monitored so
as not to jeopardise the benefits
of an open trading system. It
is important to ensure that the
benefits of a more open trading
system are not negated by these
measures, he said in a statement in conjunction with the
22nd meeting of The Asia-Pacific Economic Cooperation
(Apec) Ministers Responsible
for Trade in Arequipa, Peru.
Bernama

PAC met 33 times last


year, says auditor-general
KUALA LUMPUR: The Public
Accounts Committee (PAC) met
33 times throughout last year,
according to Series 1 of the Auditor-Generals 2015 report. The
audit report said that during the
meetings, 30 auditing procedures carried out by the Auditor-Generals Department were
discussed. In 2015, the AGs
(Auditor-General) department
submitted the AGs report four
times, the first being on April 6,
followed by June 15, Nov 2 and
finally Nov 23, the report said.
Among issues discussed in the
PAC meetings were matters related to 1Malaysia Development
Bhd, which was discussed eight
times. Bernama

Construction catalyses
transformation agenda
KUALA LUMPUR: Malaysias
transformation agenda is built
on a platform of sustainability
and inclusiveness, and a key catalyst that binds all these initiatives together is the construction
industry, said Minister in the
Prime Ministers Department
Nancy Shukri. With over RM83
billion worth of infrastructure
jobs to be awarded in 2016, it
is going to be a busy year for
the construction sector, and an
equally busy period for adjudicators under the Construction
Industry Payment and Adjudication Act (CIPAA) 2012, she
said at the CIPAA 2016 conference here yesterday. Bernama

Upgrading work at
Parliament 65% complete

Weaknesses in myIMMS may invite spread of diseases


KUALA LUMPUR: The planning,
implementation and monitoring
of the Malaysian Immigration
System (myIMMS) which was
developed to support the immigration department were unsatisfactory, according to the 2015
Auditor-Generals Report.
In terms of the management
of foreign workers, the system
which was used for vetting their

IN BRIEF

this slackness in using the system


can invite the risk of spread of
diseases, said the report.
It said 8,975 applications for renewal of PLKS through the MyEG
system 1,940 in 2013 and 7,035
in 2014 were approved by the
MyEG system operator online
without checks and the greenlight
from immigration officers.
The report stressed that au-

tomatic approval by MyEG was


unsuitable and violated the Immigration Regulations 1963.
The audit also found that myIMMS biometric system costing
RM10.3 million was installed and
paid for, but was not utilised at
the countrys entry points for the
purpose of vetting and confirming
identities of foreigners and also
Malaysians. Bernama

KUALA LUMPUR: The refurbishment of the Parliament building,


which houses the Dewan Rakyat and Dewan Negara, is 65%
completed, said Dewan Negara
Speaker Datuk S A Vigneswaran.
We are satisfied with the progress of the project and I was
informed by the Public Works
Departments contractor that
work would be completed by
February 2017, he told reporters
after visiting the site, here, yesterday. The upgrading project
carried out in phases at a cost of
RM520 million is expected to be
fully completed by 2018 without
any additional cost. Bernama

H O M E 17

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

Ongkili: No promise
power rate wont rise
Any increase or decrease in cost will be passed through to consumers
BY C H EN SHAUA FU I

KUALA LUMPUR: The government


cannot guarantee that the electricity
tariff will not increase, but the government has mechanisms to ensure
that any tariff hikes will not burden
the consumers through savings from
the renegotiation of power purchase
agreements (PPAs) with independent power producers.
Energy, Green Technology and
Water Minister Datuk Seri Dr Maximus Ongkili said the electricity tariff for Tenaga Nasional Bhd (TNB)
users in Peninsular Malaysia is determined by the incentive-based
regulation framework, which has
two main components, namely the
basic tariff and the Imbalance Cost
Pass-Through (ICPT) mechanism.

He said the basic tariff takes into


account the basic fuel price and
operation cost, as well as the development of the utilities including
Return on Regulated Asset Base,
while the ICPT allows all fuel cost
to be standardised every six months
to ensure that users pay the actual
fuel cost.
Ongkili said that any increase
or decrease in cost will be passed
through to consumers through a
review every six months. Both tariff
components will determine the actual sum paid by consumers to TNB.
Therefore, any adjustment to
the tariff rate, whether to increase
or decrease, will depend on the two
tariff components, especially the
ICPT component, because this involves the fuel cost that changes

according to the market price, except for piped gas that is controlled
by the government, Ongkili said
in a written reply to Kuala Selangor member of parliament Datuk
Irmohizam Ibrahim.
Irmohizam asked the minister
to state the governments efforts to
ensure that the electricity tariff is not
increased, and whether the rebates
that were given three times last year
and this year were made possible by
the savings from the PPAs and review
mechanism of the ICPT.
Ongkili said that through the
ICPT mechanism, the government
has given an electricity tariff rebate
on three occasions since March 2015
amounting to a total of RM2.57 billion.
The minister also said the gov-

ernment does not propose to give


discounts for electricity bills to users
due to hot weather.
On the contrary, to reduce the
impact of the increase in the electricity bill due to higher consumption, the users are advised to be
more [energy-efficient]. Among the
measures that could be taken include using [energy-efficient] electricity compliances, switch[ing] off
unused electric appliances and increas[ing] the temperature of the air
conditioners, he added.
He was answering a question
by Padang Besar member of parliament Zahidi Zainul Abidin, who
asked whether the ministry could
give a discount or subsidy to TNBs
customers for areas that experience
extreme heat for a long time.

Dr Mahathir
rejects party
that served him
and his family

Najib: BN choosing best


candidates for by-elections

LONDON: Umno and Barisan


Nasional (BN) had afforded
Tun Dr Mahathir Mohamad
enormous benefits and enabled him to be prime minister
for 22 years. However, by opposing Umno now, he is seen
by many as stabbing the party,
which gave enormous benefits
to his family members, said
Prime Minister Datuk Seri Najib Razak.
He and his family had derived a lot of benefits from his
position as PM, which was due
to the strength of Umno and BN.
So, when he told the people to reject the party, which
has done a lot, there were
negative reactions against his
stand because without BN and
Umno, he would not have become prime minister or even
a minister.
Najib was speaking at a news
conference on Tuesday night
at the end of his working visit
to the United Kingdom.
Najib was asked to comment
on Dr Mahathirs statement,
which called on opposition
parties to be united against
BN in the Kuala Kangsar and
Sungai Besar by-elections on
June 18.
The prime minister said
many were of the view that Dr
Mahathir should not reject and
stab the party that had contributed so much to the development of the nation.
Asked on whether he was
disappointed with the matter,
Najib said he had expected it
(Dr Mahathirs action). Bernama

LONDON: Datuk Seri Najib Razak


said the Barisan Nasional (BN) is
in the process of selecting the most
suitable candidates for the Sungai
Besar and Kuala Kangsar by-elections.
The prime minister said the candidates to be fielded should be well
accepted not only by the party, but
also voters.
At the moment, we are assessing
suitable candidates to be fielded.
We need to look into all aspects
to ensure we have the right candidates who will be well received by
both the party and voters.
The prime minister was speak-

ing at a press conference on Tuesday night, at the end of his working visit to the United Kingdom.
He was to leave for Sochi, Russia,
yesterday morning to attend the
two-day Russia-Asean summit.
Najib, who is also Umno president, said he had given his recommendations to the party on the
preparations to be made for the two
by-elections.
I have advised the party through
Deputy Prime Minister Datuk Seri
Dr Ahmad Zahid Hamidi in his capacity as party deputy president ...
They are actively preparing courses
and other activities, he said.

The Sungai Besar (Selangor) and


Kuala Kangsar (Perak) parliamentary seats fell vacant following the
deaths of incumbents Datuk Noriah
Kasnon, who was also deputy plantation industries and commodities
minister, and Datuk Wan Mohammad Khair-il Anuar Wan Ahmad
in a helicopter crash in Sebuyau,
Sarawak on May 5.
Last Friday, the Election Commission announced that the Kuala
Kangsar and Sungai Besar by-elections would be held simultaneously on June 18, and the nomination
date fixed for June 5. Bernama

DREAM COME TRUE...


Pahang Fire and Rescue Department
director Datuk Abdul Wahab Mat
Yasin (left) giving a salute to cancer
patient Mohamad Amirul Mat,
seven, with Abdul Wahabs wife Datin
Norlatifah Jaafar (second from left)
and Mohamad Amiruls mother
Asimah Abu Bakar looking on during
a gathering for children hosted by
the Kuantan re and rescue station
yesterday. Mohamad Amirul, who
dreams of being a reghter, was later
given a 15-minute ride in a re truck
around Kuantan. Mohamad Amirul,
a student of Sekolah Kebangsaan
Beserah in Kuantan, was diagnosed
with having a brain tumour last year.
Photo by Bernama

IN BRIEF
Bomb scare forces
Singapore-bound ight
back to Subang airport
PETALING JAYA: A Singapore-bound commercial flight
had to turn back to Sultan Abdul Aziz Shah Airport in Subang
yesterday after the airport authority received a call claiming that there were explosives
on board the aircraft. Petaling
Jaya District Police chief ACP
Mohd Zani Che Din said the
aircraft carrying 30 passengers
and four crew took off from the
airport at 7.39pm. After a few
minutes of its departure, the
airport received a call from an
unidentified caller, who said
that there were explosives on
board the aircraft and the control tower immediately ordered
the flight to turn back, he said
when met at the scene yesterday. Bernama

Death sentence upheld for


guard in murder case
PUTRAJAYA: The Court of Appeal upheld yesterday the death
sentence of a former security
guard for the murder of Perak
Veterinary Services Department
deputy director almost five years
ago. A three-man bench chaired
by Justice Datuk Tengku Maimun Tuan Mat unanimously
dismissed Syahmie Hassans
appeal to set aside his conviction and death sentence. The
25-year-old was found guilty and
sentenced to death by the Ipoh
High Court on July 31 last year
for killing Dr Rohani Kasim, 38,
at her apartment in Persiaran
Lembah Perpaduan, Permai
Lake View in Ulu Kinta, Perak
between 6pm and 7.30pm on
Aug 3, 2011. Bernama

Construction sector
claims hit RM1.4b
KUALA LUMPUR: The total
claims of all disputes in the
construction industry has risen significantly to RM1.4 billion
since the Construction Industry
Payment and Adjudication Act
(CIPAA) 2012 came into effect
in 2014. The latest total amount
adjudicated stands at RM278
million, said director of the Kuala Lumpur Regional Centre for
Arbitration Professor Dr Sundra
Rajoo on the sidelines of the CIPAA 2016 conference here. From
the statistics, claimants win most
of the time, although sometimes
they do not get the full amount,
he said. Bernama

Miri to kick-start car-free


day campaign on Sunday
MIRI: Miri City Council will kickstart its pilot project Car Free Day
Campaign, Green Ride 2016 on
Sunday to encourage a healthy
lifestyle and reduce carbon emissions. Miri Mayor Lawrence Lai
Son Yew said Marina Bay Miri
has been picked as the venue for
the campaign with a five-hour
road closure from 6am to 11am
with more than 1,000 participants
expected to take part. If the response is good on Sunday, we
will organise a similar monthly campaign starting from June
2016, he told reporters here on
yesterday. Bernama

18 C O M M E N T

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

The economic effects of Brexit


Independence would deprive Britain of influence over future EU reforms
BY PH I L I PPE L EG R AIN

hose campaigning for


Britain to exit the European Union (EU) claim
that doing so would
make their country
both freer and richer.
They assert that after Brexit, the
United Kingdom (UK) could quickly
negotiate a bespoke agreement with
the EU that offers all the benefits
of free trade without the costs of
EU membership; strike better trade
deals with other countries; and reap
huge benefits from scrapping burdensome EU regulations. But this
is a delusion.
In fact, Brexit would entail huge
economic costs for Britain. The uncertainty and disruption of drawnout and doubtless acrimonious divorce proceedings would depress
investment and growth. Permanent
separation would reduce trade, foreign investment, and migration,
hurting competition, productivity
growth, and living standards. And
independence would deprive Britain of influence over future EU reforms notably, the completion of
the single market in services from
which it would benefit.
The London School of Economics Centre for Economic Performance calculates that the long-term
costs to Britain of lower trade with
the EU could be as high as 9.5% of
gross domestic prodcut (GDP), while
the fall in foreign investment could
cost 3.4% of GDP or more. Those
costs alone dwarf the potential gains
from Brexit. Britains net contribution to the EU budget amounted
to only 0.35% of GDP last year, and

scrapping EU regulation would bring


limited benefits, because the UKs
labour and product markets are already among the freest in the world.
The exit process would generate
prolonged uncertainty. Officially,
it is meant to take two years. But it
would probably take much longer.
In the 1980s, it took three years to
negotiate the exit of Greenland (population: 50,000), and the only controversial issue was fish. Extricating Britain (the EUs second-largest
economy, with a population of 64
million) would be far more complex.
Moreover, any agreement on a
new economic relationship with
the UK would require unanimity
among the EUs 27 remaining members. And Britain would also have
to renegotiate from scratch
the 50-plus trade deals that the EU
has with other countries. All of this
would take a long time.
In the meantime, Britains trading rules and domestic regulations
would be up in the air. Investment
and employment decisions would
be postponed or cancelled. The
pound would plummet. The foreign investors financing Britains
current-account deficit which
hit 7% of GDP in the final quarter of
last year might drive up the risk
premium on UK assets or, worse,
pull out. All of that would weaken
economic growth, jeopardising the
governments fiscal plans.
Once the agreements were made,
Britain would have worse access to
both EU and global markets. Economically, the least painful option
would be to seek membership of the
European Economic Area (EEA),
along with Norway, Iceland, and
Liechtenstein. That would provide
almost full access to the single market (with opt-outs from EU agricul-

ture and fisheries policies), albeit


with customs controls and other
trade barriers such as rules-of-origin requirements.
Politically, though, EEA membership would be a raw deal. Britain would have to comply with single-market rules and legislation in
areas such as consumer protection,
the environment, and social policy
rules that it would have no say in
creating. It would also have to contribute to the EU budget, without
receiving any spending in return.
And it would have to allow EU citizens free entry, a political bugbear
for most Brexit supporters. Given
that the key motivation for Brexit is
to restore the countrys supposedly
lost sovereignty, a deal that gives
the UK no say, but requires that
it pay and obey, would be deeply
unpalatable.
Trading with the EU according
to World Trade Organization rules,
as the United States and China do,
would involve the fewest political
constraints. Britain would be free to
keep out hard-working, taxpaying
EU migrants. But this would entail

reciprocal EU controls on UK migrants, harming Britons twice over.


This approach would also entail
import tariffs on British goods including a 10% duty on its car exports
to the EU as well as non-tariff
barriers. UK-based financial institutions would lose their passport to
export freely to the EU. And without full access to the US$16 trillion
(RM64.32 trillion) EU single market,
with its 500 million consumers, foreign investment would drop. Intermediate options, from the Swiss to
the Canadian model, are scarcely
more appealing.
Brexit supporters claim that Britain could strike its own special deal,
cherry picking the provisions it likes.
The UK would have the whip hand,
they argue, because it buys more
from the EU than it sells in return.
But this, too, is a delusion. The US
also has a trade deficit with the EU,
yet it does not get to dictate terms
in the negotiations over the Transatlantic Trade and Investment Partnership. Moreover, exports to the
EU, at 13% of GDP, matter more to
the UK than exports to Britain (just

3% of GDP) do to the EU.


In short, the EU would call the
shots and doubtless be tough
with the UK. Many economic actors
from German car manufacturers
to French farmers to financial centres around the EU would want
to hamper their British competitors. For their part, EU governments
would want to punish Britain, not
least because they know that a velvet
divorce with Britain would bolster
anti-EU parties, such as Frances
far-right National Front, which has
already called for a referendum on
EU membership.
Britains new trade deals with
non-EU countries would also probably involve worse terms. While
the UK would not be hamstrung
by protectionist interests in the EU,
its smaller economy, largely open
markets, and desperation for deals
would weaken its clout. Indeed, the
US has stated that it has no immediate interest in negotiating a trade
deal with Britain. And the protectionist tone of the current US presidential election campaign suggests
that the next few years will not see
much trade liberalisation.
Thinking through all the economic implications of Brexit is
complicated. But the bottom line
is simple: Leaving the EU would
make Britain much worse off.
Project Syndicate
Philippe Legrain, a former economic
adviser to the president of the European Commission, is a visiting
senior fellow at the London School
of Economics European Institute
and the author of European Spring:
Why Our Economies and Politics
are in a Mess and How to Put
Them Right.

The future of humanitarian action


BY B A N KI - MOON

WORLD leaders have shown what


they can achieve when they work
together to tackle the most daunting
challenges. In 2015, they agreed to
the Sendai Framework for Disaster
Risk Reduction, the global climate
change agreement and the 2030
Agenda for Sustainable Development, laying out an ambitious agenda and timeline for change.
We need to harness this historical momentum, through the World
Humanitarian Summit in May 2016
and beyond, to ensure that the rights
and needs of the worlds most vulnerable people guide our politics,
steer our behaviour and drive our
financial decisions.
The urgency is all too clear: if
current demographic and conflict
trendsprotracted complex conflicts with a high risk of relapse,

forced displacement at a record


scale, urbanised conflict, growing
inequalitycontinue, the gap between needs and response will only
grow worse.
The starting point is a fundamental shift in our approach, away from
crisis response and towards crisis
prevention, by reducing vulnerabilities and managing risks. As a
start, leaders must commit to work
with greater intensity to find political solutions to end bloodshed and
suffering. Conflict resolution must
be our highest priority.
Further, we must put into action
the ambitious promise we made as
part of the 2030 Agenda: to leave no
one behind and to reach those furthest behind first. This will require
recalibrating the way that we conceptualise and approach vulnerability and crisis.
The 125 million people living
in acute vulnerability must be at
the centre of all our collective decision-making on peace and secu-

rity, development, humanitarian


actions and human rights. We must
move beyond our institutional silos
to achieve the 17 Sustainable Development Goals, even in places
that are affected by humanitarian
crisis. This will require changing
the way we do business, including
in the United Nations, its agencies,
funds and programmes.
As we work to ensure that humanitarian needs are met in a principled
manner, so we must now work with
greater determination to reduce risk
and vulnerability. Humanitarian
and development actors will need to
work towards collective outcomes,
based on comparative advantages.
We will need to break down silos,
rather than starting with individual
institutional mandates.
Reducing vulnerability at its
source will require donors and investors to move away from financing
individual projects with short-term
goals, and towards funding collective
outcomes based on longer timelines

measured in years. We can only get


ahead of the curve if we measure
success in terms of reducing vulnerability and risk, and cooperate
closely with local actors to ensure
that we are supporting them, not
replacing them.
We must also expand and diversify our resource base and add more
creative financing tools, including
risk insurance and cash payments
based on risk analysis, to the traditional mix.
That is why I am calling for the
adoption of measures recommended
by the High-Level Panel on Humanitarian Financinga Grand Bargain,
under which donors will commit to
funding more flexibly, and partners
will act in a more transparent and
accountable way in spending limited humanitarian funds.
These and other changes will take
us out of our comfort zone and into
uncharted territory.
But in truth, as demands have risen and our capacity to respond has

become less and less adequate, we


are already in uncharted territory.
The old model of humanitarian aid
has been found wanting. We must
now take advantage of the momentum provided by the World Humanitarian Summit and the 2030 Agenda for Sustainable Development to
shape a new model that will be equal
to what we are facing.
We must rise to the challenge;
business as usual is not an option.
With strong support and energy, we
can tackle the most difficult challenges, save lives, protect people
and help them not only to survive
but to thrive.
This op-ed is a precursor to the World
Humanitarian Summit, which takes
place in Istanbul, May 23-24, the
first in the UNs 70-year history.
Ban Ki-moon has put forward an
Agenda for Humanity, calling on
global leaders to commit to action
and reduce humanitarian suffering.

W O R L D B U S I N E S S 19

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

Pandora
investor hits
right note with
sale push
Meister

Suzuki denies cheating


Carmaker says no manipulation on fuel, emission testing data

BY JEN N I FER SA B A
BY NATSUKO FU KU E

NEW YORK: Investor Carl


Icahns protg is striking
the right note. Keith Meister,
founder of activist hedge fund
Corvex Management, is pushing Pandora Media to sell itself after his firm became the
US$2.2 billion (RM8.84 billion) online music services
largest shareholder. A costly
acquisition, an abrupt leadership change and a lack of song
rights suggest the company is
floundering. Rivals Spotify and
Sirius XM could make sense
as partners.
Pandora has two big attributes: its easy to operate
and uses algorithms to suggest songs based on listener
preferences Grateful Dead
anyone? The 16-year-old service is, though, in stiff competition with Spotify, which has
more global subscribers, and
deep-pocketed Apple, Amazon.com and Alphabet.
Pandora weathered a hike
in music-royalty fees last December, but growth in the
number of users has stalled,
and its stock price has fallen 21% since January. For the
quarter ending in March, the
company had fewer than 80
million active listeners, down
from more than 81 million in
the prior quarter. Its now aiming to expand internationally by cutting deals for music
rights directly with record labels and artists.
Relying mainly on advertising for revenue may no longer
be enough. Pandora has tried
to diversify, buying ticket purveyor Ticketfly for US$450 million in November. But that
business contributed only 7%
of Pandoras first-quarter revenue of almost US$300 million.
Chief executive Brian McAndrews exit in March has ruffled investors even further. Replacing him with founder Tim
Westergren suggested there
was serious dissension in the
ranks, and the new boss quickly
nixed efforts to find a possible
buyer for the company.
At this point, a sale might
be the best outcome. Spotify,
which recently raised US$1 billion and faces pressure to go
public, could be interested in
Pandoras substantial user base
and advertising sales operation.
Sirius XM, a US$20 billion satellite radio service, could benefit from Pandoras popularity
on mobile devices. Even Apple,
which is trying to make iTunes
easier to use, could see a solution in Pandoras simple design.
Meister argued in a letter to
Pandora directors that there
could be plenty of strategic
buyers willing to pay a substantial premium. The board
should be all ears. Reuters

TOKYO: Suzuki yesterday admitted


it found discrepancies in its fuel
economy and emission testing, but
denied that it manipulated data
to make cars seem more efficient
than they were.
The remarks came after the small
carmakers shares dived in Tokyo on
reports it had used improper testing, after rival Japanese automaker
Mitsubishi was hit by revelations
it cheated on fuel-efficiency tests
for decades.
Any wrongdoing, such as manipulation of fuel-efficiency data, were
not found, Suzuki said yesterday.
Some discrepancies were found
in the automobile emission and
fuel-efficiency testing process between the testing method required
by the government and what Suzuki
did, the company statement added.
Sixteen models and about two
million cars were affected, but the
problem did not extend to cars sold
outside Japan, according to Suzuki,
which has a major presence in India through its Maruti Suzuki unit.
Suzuki said it has been using
the improper testing since 2010.
The firms shares dived yesterday as investors took it as the latest

Suzuki shares

Japanese small carmaker finds discrepancies in its fuel-economy


and emissions testing
Aug 4
Tokyo trade
Jun 4, 2015
4,661
4,600 4,428
4,400

Oct 27
3,998

4,200
4,000

Feb 1, 2016
3,655
May 18
2,613

3,800
3,600
3,400
3,200

Sep 29
3,552

3,000

Feb 12
2,671

2,800
2,600
Source : Google Finance

$1 = 109.21 yen

bad news for a global auto industry


shaken by scandals over deadly defects and emission cheating.
The Suzuki news comes amid
the Mitsubishi revelations and as
Germanys Volkswagen struggles
to drive past a worldwide emission
cheating scandal.
Suzuki chairman Osamu Suzuki, a
descendant of the companys found-

ing family, visited the transport ministry yesterday to discuss the issue.
The transport ministry has ordered all Japans automakers to
probe their own compliance with
government testing methods after
Mitsubishi admitted last month it
manipulated data to make its cars
seem more fuel-efficient than they
were. AFP

BoJ to expand stimulus by July,


yen too strong for economy
BY KAOR I KANE KO & S U M ANTA DE Y

TOKYO/BENGALURU: The Bank


of Japan (BoJ) will ease monetary
policy even further by July as a
strong yen and still-sluggish economy threaten its ability to meet its
ambitious inflation target, a Reuters
poll showed.
Asked what steps it would take
next, 80% of analysts surveyed from
May 11 to 17 picked a combination
of cutting negative interest rates further and boosting its purchases of
government bonds, exchange-traded funds and corporate bonds.
Japans economy expanded at

the fastest pace in a year in the


first quarter, but analysts say the
rebound was not strong enough
to dispel concerns over the murky
outlook.
The yen has strengthened about
10% against the US dollar since the
BoJ surprised markets in January by
cutting its interest rate below zero,
an unwanted outcome that could
hurt the countrys predominant
export industries.
The Japanese currency firmed
to just under 109 (RM4.00) to the
dollar yesterday, an exchange rate
that a majority of economists said
was too strong for the economy.

Against that backdrop, expectations


the BoJ will open its stimulus taps
again remained high after it held
policy steady in April.
Slightly more than half, 12 of
22 analysts, said the central bank
would ease at its July policy meeting. Seven said June and the rest selected the Oct 31 to Nov 1 meeting.
The BoJ has not fully scrutinised
the impact from negative interest
rates to the economy and it also
needs time to examine damages
from earthquakes in Kyoshu Island, said Takumi Tsunoda, senior economist at Shinkin Central
Bank. Reuters

US eases sanctions on Myanmar to boost trade


BY SALEHA M O HS I N
& TOLUSE OLORUNNIPA

WASHINGTON: The United States


lifted sanctions on 10 businesses in
Myanmar as it seeks to reward the
Southeast Asian nations transition
away from decades of military rule
and ease trade with one of the regions fastest-growing economies.
The Treasury Department on
Tuesday removed restrictions on
seven state-owned enterprises and
three state-owned banks that were
on a blacklist. The shift comes af-

ter Treasury in December allowed


American businesses to use ports,
tolls roads and airports in the country, even though that could result
in incidental transactions with individuals blacklisted by the US.
The move is the latest sign of
rapprochement between the US
and Myanmar after more than two
decades of hostility marked by the
military governments annulment
of elections in 1990, and the house
arrest of opposition leader Aung
San Suu Kyi. After Myanmars military chiefs began instituting more

political freedoms, and Suu Kyi was


freed, Barack Obama became the
first American president to visit
the country in 2012. He returned in
2014 to caution its leaders against
backsliding on reforms.
This is a potential market for our
goods, a potential partner on critical
issues and, importantly, a potential
of an example of how a country can
transition successfully from dictatorship to democracy, Ben Rhodes,
deputy national security adviser at
the White House, said on Tuesday in
Washington. Bloomberg

IN BRIEF
US sets steep duties on
imports of Chinese
cold-rolled steel
WASHINGTON: The United
States slapped Chinese steelmakers with final import duties of 522% on cold-rolled flat
steel on Tuesday after finding
that their products were being
sold in the US market below
cost and with unfair subsidies.
The US Commerce Department said the duties effectively will increase by more than
five-fold the import prices on
Chinese-made cold-rolled flat
steel products, which totalled
US$272.3 million in 2015. The
rulings by the Commerce Department come amid escalating US-China trade tensions
where both US and European producers claim China
has distorted world pricing
by dumping its excess output
abroad as demand at home
slows. Reuters

Burberrys earnings
fall again as Hong Kong
weighs on luxury maker
PARIS: Burberry Group plc reported a second straight drop
in annual earnings and announced plans to save 100
million (RM580.5 million) a
year as demand for the UK
companys trenchcoats and
other products slows from
New York to Nanjing. Adjusted pre-tax profi t fell 10% to
421 million, London-based
Burberry said yesterday in a
statement. Analysts predicted
420 million, based on the average estimate. The cost-saving goal will be achieved by
2019, it said, adding that 2017
earnings are likely to be near
the bottom of the range of estimates. Bloomberg

Midea makes oer


to become biggest
shareholder of Kuka
SINGAPORE: Midea Group
Co is offering to raise its stake
in Kuka AG to become the
industrial robot makers largest shareholder in a deal that
values the German company at 4.6 billion (RM20.8
billion), as Chinas biggest
maker of home appliances
seeks to upgrade its factories
and cut dependence on workers. Midea is offering 115
per share, a 36% premium to
Kukas closing share price of
84.41 on Tuesday. Mideas
offer is contingent on it raising its stake to a total of 30%
in the industrial robot maker,
according to a company statement yesterday. Bloomberg

IDB to lend up to US$5.2b


to Indonesia until 2020
JAKARTA: The Islamic Development Bank Group (IDB) has
agreed to loan Indonesia up to
US$5.2 billion (RM21 billion)
for development programmes
until 2020, according to a joint
statement. The statement referred to the agreement signed
during the opening of the IDBs
annual meeting in Jakarta late
on Tuesday as a tentative financing envelope. Reuters

20 WORLD

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Trump willing to talk


to North Koreas Kim

IN BRIEF
Venezuela protests
against Maduro to test
state of emergency

The Republican presidential candidate also wants to renegotiate climate accord


BY STEVE H OL L AND
& EMI LY FL I T TER

NEW YORK: Donald Trump said on


Tuesday he is willing to talk to North
Korean leader Kim Jong Un to try
to stop Pyongyangs nuclear programme, proposing a major shift in
US policy towards the isolated nation.
In a wide-ranging interview with
Reuters, the Republican presidential
candidate also called for a renegotiation of the Paris climate accord, said
he disapproved of Russian President
Vladimir Putins actions in eastern
Ukraine, and that he would seek to

More than 150


feared buried
in Sri Lanka
landslides

dismantle most of the US DoddFrank financial regulations put in


place after the 2007 to 2009 financial crisis if he is elected president.
North Koreas mission to the United Nations did not immediately respond to a request for comment on
Trumps remarks.
Trump, 69, also said he would
press China, Pyongyangs only major
diplomatic and economic supporter,
to help find a solution.
I would put a lot of pressure on
China because economically we have
tremendous power over China, he
said in the interview in his office on

COLOMBO: More than 150 people are feared dead after they
were buried under two landslides triggered by more than
three days of heavy rain in central Sri Lanka, disaster officials
said yesterday as rescuers raced
to find survivors and recover
the dead.
Torrential rains have forced
more than 196,000 people from
their homes, latest official data
showed, with the recovery of
another 19 bodies across the
South Asian country bringing
the official death toll so far to 35.
More than 350 people were
plucked to safety during rescue
operations in landslide-affected
areas across the country early
yesterday, officials said.
Rescue efforts have focused
on the town of Aranayaka,
100km northeast of the capital,
Colombo, where three villages
were buried late on Tuesday in
the central district of Kegalle.
The Sri Lanka Red Cross Society has set up a welfare camp
for survivors of the Aranayaka
landslide. Police said another
landslide in Bulathkopitiya, also
in Kegalle district, had buried at
least 16 people.
Military spokesman Jayanath
Jayaweera said the 150 people
who were rescued from Aranayaka earlier yesterday had been
sent to six camps set up for displaced people in the area.
Flooding and drought are
cyclical in Sri Lanka, which is
battered by a southern monsoon between May and September, while a northeastern
monsoon runs from December
to February. Reuters

treatment to countries like China.


Trump has been criticised for offering far fewer specific policy proposals than Clinton, his likely rival
for the Nov 8 presidential election.
Trump perceived a dangerous
financial bubble in the tech start-up
industry, with some companies selling shares at high valuations without
ever turning a profit.
Trump said he would maintain
the current level of benefits for social
security recipients, will not raise the
retirement age or impose a sliding
scale of benefits depending on income levels. Reuters

Clinton claims Kentucky,


Sanders takes Oregon
BY M ICHAE L M ATHE S

BY RA N GA SI RILAL
& SHI H A R A NEEZ

the 26th floor of Trump Tower in


Manhattan.
A South Korean foreign ministry
official declined to respond directly
to Trumps comments but said South
Korea and the United States were
committed to denuclearisation as
the top priority of any dialogue with
North Korea.
Trump said he is not a big fan
of the Paris climate accord, which
prescribes reductions in carbon
emissions by more than 170 countries. He said he would want to renegotiate the deal because it treats
the US unfairly and gives favourable

WASHINGTON: Hillary Clinton


claimed a narrow victory in Kentucky on Tuesday as she sought to put
away Bernie Sanders, but her resilient
rival for the Democratic presidential
nomination bounced back to snatch
a win in Oregon.
With the Kentucky race too close
for most US networks to call a winner,
Clinton declared victory shortly after
Kentuckys Secretary of State Alison
Lundergan Grimes announced on
CNN that Clinton was the unofficial
winner in her state.
Clinton led Sanders by 46.8% to

46.3% a margin of less than 2,000


votes. Should the results hold, the
win would blunt Sanderss momentum and help Clinton move closer
towards clinching the Democratic
presidential nomination.
But the psychological win was
short-lived. Half an hour after polls
closed in Oregon, US networks projected Sanders the winner there, besting Clinton 53% to 47%.
Sanders, a self-declared democratic socialist, declared he would not
be forced out of the race by narrow
Clinton wins.
Clinton has a commanding lead
in the all-important national dele-

gate count, and is marching towards


vying for the presidency in the Nov
8 general election despite her string
of recent primary losses.
Victories in Kentucky and Oregon
would have definitively halted her
slide and helped reverse the narrative that her campaign is showing
significant weakness ahead of an
almost certain showdown with Donald Trump, the Republican Partys
presumptive nominee.
Trump was projected Oregons
Republican winner, moving closer
to the 1,237 delegates he needs to
officially claim the partys mantle in
2016. AFP

Record US$31m sale of biggest vivid pink diamond


GENEVA: A 15.38-carat vivid pink
diamond, the biggest of its kind to
go on auction, was sold for a new
record total of US$31.56 million
(RM126.87 million), Sothebys auction house said on Tuesday.
Two telephone bidders battled
for the prized jewel before some
150 people attending the auction
held at a luxurious hotel in Geneva.
The buyer was a private individual from Asia.
Sothebys had valued the exceptional pear-shaped diamond,
mounted on a ring, at between
US$28 million and US$38 million.
It was discovered less than five
years ago in a South African mine.
The seller was New York-based company Cora International.
The stone with the name Unique
Pink was certified a fancy vivid
pink diamond, the most sought after colour in pink diamonds, by the
Gemmological Institute of America.
Also on Tuesday, Sothebys sold a
blue diamond, weighing 7.32 carats,
for US$17.1 million. AFP

Multimillion-dollar rocks
Record sale for fancy vivid pink diamond*
Unique Pink
Cut: Pear

Sold at Sothebys Geneva


May 17, 2016
Price: $31.56 million
*Most sought after colour
in pink diamonds

Weight: 15.38 carats

Some of the highest prices fetched by cut diamonds


at recent auctions
$1 million

1 carat

CARACAS: Protests were to take


place across Venezuela yesterday against President Nicolas
Maduro in the first challenge
to sweeping powers he has decreed for police and soldiers
under a state of emergency.
The opposition-led marches in
Caracas and other cities were
to demand that the authorities
validate a recall referendum
seeking Maduros ouster. But
the 53-year-old president has
dismissed the push against
him. On Tuesday, he said the
referendum was not viable
and a petition it was based on
with 1.8 million signatures was
riddled with fraud. The 60-day
state of emergency was imposed from Monday to tackle
what Maduro said were threats
to security, as well as food and
energy shortages. AFP

Amnesty accuses Yemen


rebels of brutal
campaign against foes
DUBAI: Amnesty International
yesterday accused Yemeni rebels of carrying out a brutal
campaign of arbitrary arrests
and torture of opponents since
they seized the capital Sanaa in
2014. Shiite Huthi insurgents,
who are backed by troops loyal
to ousted president Ali Abdullah Saleh, have carried out a
wave of arrests of ... opponents,
arbitrarily seizing critics at gunpoint and subjecting some to
enforced disappearance, the
rights watchdog said. Its report
was based on detailed examination of 60 cases of detention
in Taez, Ibb and Hodeida. The
warring parties at talks in Kuwait have discussed a deal to
release half of the detainees
and prisoners they hold before
the start of Ramadan in early
June. AFP

Man battles crocs with


spanners, spark plugs
SYDNEY: A fisherman threw
spanners and spark plugs to
fight off crocodiles after his
friend drowned when one of
the crocs capsized their small
boat, reports said yesterday.
The holidaymakers were pulling in crab pots on Tuesday in
Leaders Creek, 38km northeast
of Darwin, when their boat was
nudged by a saltwater croc, tipping it over and drowning one
of them. The survivor, 72, told
rescuers he got stuck waist-deep
in mud with three or four crocodiles circling him. He then used
spanners and spark plugs to
hold them at bay. AFP

Ecuador struck by 6.7magnitude quake USGS


Blue Moon
Cut:
Cushion-shaped
Colour: Blue
Sothebys Geneva
Nov 2015

In the Pink
Cut:
Cushion-shaped
Colour: Pink (fancy vivid pink)
Christies Geneva
Nov 2015
$28.5 million

$48.4 million
16.08 carats

Zoe Diamond
Cut:
Pear
Colour: Blue
Sothebys New York
Nov 2014

Graff Pink
Cut:
Round-cornered
rectangular
Colour: Pink (intense pink)
Sothebys Geneva
Nov 2010

$32.6 million
9.75 carats

$46.20 million

12.03 carats
24.78 carats
Both diamonds purchased by
Hong Kong billionaire Joseph Lau

Sources: AFP Photo/Christies/Sothebys/Lucara/GIA

QUITO: A strong 6.7-magnitude earthquake struck Ecuador early yesterday, one month
after a much larger quake killed
some 660 people, the US Geological Survey (USGS) said.
Ecuadors national geological
institute said it struck at 2.57am
local time (0757 GMT) in the
countrys western Manabi region. AFP

FO CU S 21

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

Bayer would
risk choking on
Monsanto
Merger would also set up a culture clash
BY OL A F STORB ECK
& K EVI N A L L I SON

LONDON/CHICAGO: Bayer
could swallow Monsanto, but the
taste could easily prove bitter. The
German chemical giant, worth
US$94 billion (RM377.88 billion)
at last Wednesdays close, may
be mulling a bid for the US$39
billion US seed maker, according
to media reports.
Monsanto chief executive
Hugh Grant last month swore
off big deals after failing to buy
rival Syngenta, which is now being sold to ChemChina. Grant
argued that his company could
thrive without a partner during
the latest wave of industry consolidation.
That suggests only a serious
premium would get his attention.
An offer pitched at a 30% markup
to Monsantos closing share price
last Wednesday would value the

enterprise at nearly US$60 billion,


including US$7 billion of net debt.
Thats around 15 times estimated
2016 earnings before interest, taxes, depreciation, and amortisation
(Ebitda), according to Thomson
Reuters, close to the frothy 15.3
times ChemChina is paying for
Syngenta.
Bayer would need lashings of
leverage. By borrowing up to 3.5
times the combined forecast Ebitda
for 2016, the enlarged Bayer could
take on just over US$30 billion of
new debt enough to cover under
two-thirds of the cost of Monsantos
equity. For the remaining US$20
billion or so, Monsanto shareholders might take Bayer stock. At more
than a fifth of the German groups
market capitalisation, though, if
the company instead had to raise
cash through new stock issuance
and asset sales it could be a stretch.
Even if new Bayer boss Werner
Baumann were up for all that, hed

need to scrutinise value creation.


To cover a US$12 billion premium
would take cost savings worth at
least US$1.6 billion a year, assuming a tax rate of 25% and a multiple of 10 times. Thats a chunky
6% of the annual revenue of Monsanto and Bayers crop-science
unit combined. Researchers at
Bernstein reckon US$1.5 billion
might be achievable.
While the numbers may just
stack up, a merger would also set
up a culture clash. Beyond the
usual differences, Bayer would
be buying a company at the
centre of the backlash against
genetically modified crops in
Europe. Investors marked Monsanto shares up nearly 10%
last Thursday morning in New
York, while Bayers fell about
5%. Thats just the beginning of
what could happen if Baumann
gets serious about Monsanto.
Reuters

UFC punches up value of live sports


BY JEN N I FER SA B A

NEW YORK: Ultimate Fighting


Championship (UFC) may be looking for a knockout deal. The US
company behind mixed martial
arts events is seeking to sell itself
for up to US$4 billion (RM16.08
billion), according to sports network ESPN. Chinas Dalian Wanda
conglomerate, led by mega-mogul
Wang Jianlin, is considered the
likely buyer. The price seems high
for a relative upstart in the world
of professional athletics. Huge audiences for live sports could, however, justify a premium valuation.
The firm that helped make fighter Ronda Rousey a star is owned by
brothers Lorenzo and Frank Fertitta, who paid US$2 million for UFC
in 2001. Based on a Brazilian form
of fighting where anything goes,
the sport was less than a decade
old at the time.
It has since blossomed into a
booming moneymaker with lots
of rules, its promoters stress and
UFC produces more than 40 live
contests annually. Nearly 800 million
households worldwide have tuned
in to pay-per-view events featuring
the likes of Rousey and Jon Jones.
For its part, the company denied
that it is for sale, UFC president Dana
White told a Las Vegas newspaper last
Tuesday. Yet theres already lots of

Filepic of White (left) and Rousey in Los Angeles. White denied to a Las Vegas
newspaper last Tuesday that UFC is for sale. Photo by Reuters

talk about potential buyers, including


China Media Capital, entertainment
agency WME/IMG and the Blackstone Group.
The attraction is understandable. Live sports contests are one of
the few things that mass television
and cable audiences are eager to
watch in growing numbers. The US
National Football Leagues Super
Bowl, for example, drew more than
100 million viewers last February.
A US$4 billion price for UFC
would represent 16 times the companys 2015 earnings before interest,

taxes, depreciation, and amortisation


(Ebitda), which is estimated to be as
much as US$250 million, according
to ESPN. Thats in the ballpark of
what Wanda shelled out last August
for World Triathlon, producer of the
Ironman races, in a deal valued at
US$900 million or 18 times Ebitda. And British football powerhouse
Manchester Uniteds enterprise value
is about 22 times last years Ebitda.
Those are heady multiples.
Theyre a pretty good indication,
however, that whoever buys UFC
will be getting a winner. Reuters

Chinas planners wont


let go of the stock market
BY PE T E R T H A L L A R S E N

HONG KONG: Regulators just cant


stop meddling in Chinas stock market. Watchdogs have reportedly cut
off fundraising in hot sectors, and
may restrict overseas companies
wishing to relist at home. Though
their desire to avoid a repeat of last
years bubble is understandable,
bureaucratic intervention stunts
Chinas equity market.
Two-and-a-half years after rulers
pledged a decisive role for markets
in the worlds second-largest economy, they remain reluctant to let supply and demand set the value of listed stocks. Two weeks ago, the China
Securities Regulatory Commission
(CSRC) said it was studying companies, currently listed overseas, which
were pursuing so-called back-door
listings on the mainland. According
to Caixin, the CSRC has also stopped
listed firms from raising capital to
invest in speculative industries like
Internet finance, video games and
virtual reality.
The desire to prick bubbles before
they inflate is forgivable. Memories
of last years debt-fuelled stock market boom, bust and failed bailout are
raw. Botching the response to the
crash apparently cost the CSRCs
last boss his job. Besides, the retail
investors who still hold the majori-

ty of tradable equities are prone to


blaming authorities for any losses.
In an attempt to restrict supply,
the CSRC has reined in initial public offerings (IPOs). So far this year,
regulators have permitted 43 new
listings, raising just over US$3 billion (RM12.06 billion), according
to Thomson Reuters. In the same
period last year, they waved through
122 offerings raising US$11.5 billion.
Not surprisingly, some of the
hundreds of companies waiting for
approval for an IPO have turned
to already-listed groups to tap the
market. Follow-on equity offerings
in China have raised US$19 billion
this year close to the US$20 billion issued in the same period of
2015. Once-obscure stocks have
become speculative darlings as
investors try to guess which shell
companies will become a vessel for
groups seeking a listing.
By trying to rein in such speculation, however, the CSRC is effectively
second-guessing market decisions
about how best to allocate capital.
This leads to poorly developed stock
markets, which in turns leaves China
overly dependent on debt. Just 4% of
the new financing pumped into the
economy in the first three months
of the year was in the form of equity.
Thats unlikely to change as long as
regulators keep tinkering. Reuters

RWE and Dong at opposite


ends of green power shift
BY O L A F S TO R B EC K

LONDON: Green energy can coexist with financial success. Just


look at Danish utility Dong Energy. It has halved its carbon dioxide emissions per unit of energy
it produces since 2007. Over the
same period, its earnings before
interest, taxes, depreciation, and
amortisation (Ebitda) has doubled,
to 18.5 billion Danish crowns. The
state-owned Dong, whose other
investors include Goldman Sachs,
is preparing a public offering in
Copenhagen.
Over in Germany, theres an example of the opposite phenomenon. RWE has been hit hard by the
shift towards green energy. The
utilitys Ebitda has fallen by a fifth
over since 2013, while its shares
have more than halved in the same
period. Capital is leaving the old
and dirty, and going into the new.
So far, offshore wind power is
only economically viable thanks
to government subsidies. But the
European Unions commitment
in October 2014 to generate more
than a quarter of its energy needs
from renewables by 2030, combined with the December 2015
Paris deal to limit global warming
to below 2C, generate the need to
ramp up clean energy production.
Three quarters of Dongs
capital employed is already tied up in offshore
wind, and it is targeting a
13% to 15% return from

2017 to 2020. Compare this with


RWE, where conventional generation assets account for almost 40%
of capital employed, and in 2015
earned a pitiful return of 2.9%
two-thirds below the divisions
pre-tax cost of capital.
RWEs surprisingly good financial performance in the first quarter
does not fundamentally change this
predicament. Ebitda in conventional power generation fell another
19.4% compared with a year earlier.
RWE expects its group Ebitda to fall
by another 24% in 2016.
Heavily indebted RWE in 2015
had to slash its investment in green
power to conserve funds. Chief executive Peter Terium (pic) is trying
to put that right, and RWE is preparing to carve out its attractive businesses renewables, grids, and
retail into a separate entity and
sell a 10% stake in an initial public
offering. Dong shows what might
have happened if he had done that
long ago. Reuters

PHOTO BY REUTERS

22

live it!

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

T HU

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

Dir
Ca
Law
Sh
Ra
Len
Op

TH
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Dr
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Sab
wh
Women Of Will spends a signicant amount of eort on bazaars to connect businesses run by recipients of its microcredit programme to potential customers.

A FRESH LOOK
A rebranding exercise gives
NGO Women Of Will a
drive to succeed
BY M AE CHAN

hats in a name? Founder of


Women Of Will Dr Selvamalar Ayadurai would say it can
make a world of difference.
The non-profit organisation
(NGO), which offers underprivileged women financial and mentoring support in initiating and sustaining small businesses,
was formerly known as TECH Outreach Malaysia.
As much as we tried to educate people on the
acronym, we were still thought to be an IT (information technology) or tech company, remarks
Selvamalar.
On a more serious note though, along with the
name change, the organisation is focusing on also
making branding a priority to expand its work.
Since its official registration in 2009, Selvamalar
and her team have been focused on working with
women under the B40 category the 40% of Malaysias population whose household income per
month falls below RM2,500.
About 75% of these are women-headed households. Single mothers, widows, women whose
husbands are incapacitated, not around, drug
addicts, or who are unable to get enough
work, she explains.
After a stringent process that includes an interview, house visit,
entrepreneurial classes at Brickfields Asia College, and an exam,
the women selected are offered
a zero interest loan of RM2,000.
The women then have to perform weekly repayments of RM30
Selvamalar: Our dream is to go into
supermarkets and wholesalers, or even
petrol station kiosks. The rebranding is
part of that plan. Photo by Haris Hassan

to ensure that they are consistent in the operating of


their businesses. The money can then cycle to fund
other women, with the entire cycle taking about 18
months, with a 94.5% repayment rate.
The highlight of this strategy is the business
coach and mentor system. We have volunteers who
will work with them for six to 12 months, meeting
them once every two weeks to help them with their
business. So we dont just give them money and
send them on their way, says Selvamalar.
First begun ad hoc in Sri Lanka in 2003 when
the entrepreneurship consultant was pursuing her
PhD education focusing on transforming women in
adverse situations into entrepreneurs, Selvamalar
begun applying the microcredit financing system
inspired by Bangladeshs social entrepreneur
Grameen Yusufs model for the civil war-torn
country when visiting with her professor. Soon,
calls to help Malaysian women came about. After
a four-year stint partnering with the local United
Nations High Commissioner for Refugees office
to help refugee women, Selvamalar and her team
turned their focus solely to Malaysian women,
along with women from Nepal and Sri Lanka.
Having grown bigger and more established,
the founder says a name change is due so they
can look focus more on marketing and branding
for women, as well as establish more partnerships
with sponsors and government collaborations.
This is really a drive by our new president elect,
Datin Suet, who is very PR (public relations)-savvy. She saw the significance of rebranding and has
been instrumental in our new direction, credits
Selvamalar, recounting how the president, Datin Goh Suet Lan, walked
into their offices and offered to get
on board after first reading about
the organisation in Options, the
lifestyle section of The Edge.
Helped by advertising agency Leo Burnett, Women Of Will
hopes to create products under
the brand to push products by
its members into the market.
But it also means we need to
make sure the quality and hygiene are good, she adds.
About 60% of the recipi-

ents are in the food business. The reason is when


many of them come to us, the first thing they will
say is I dont know what to do. So we ask them
what is it you do well, says Selvamalar, adding
that most women will reply that they can only cook
or sew. Other businesses include floral businesses, provision shops, car washes, accessories and
beading, or small-time lunch catering.
She cites marketing and lack of buyers as the
biggest difficulty for the women. Many of them
rely on their own community or passers-by, which
is limiting, explains the founder. Women Of Will
spends a significant amount of effort on creating
bazaars to connect these businesses to potential
customers, including printing business cards and
leaflets if need be. Our dream is to go into supermarkets and wholesalers, or even petrol station kiosks. The rebranding is part of that plan, she adds.
Once they are stable, Selvamalar states that
the women can earn double their original income
or more. If their household income monthly is
RM1,500, they can go up to RM3,000.
Having helped 685 women in the last five years,
Women Of Will hopes to reach 2,000 women in
the next three years as part of its strategic plan.
This includes expanding to Sabah and Sarawak,
where it will also introduce contract farming. We
need contract farmers. Weve already identified
a community in Keningau, Sabah, who have the
know-how for agriculture. Coming from the back
end, its creating ready-buyers for them.
The organisation needs a projected RM3.5
million for its three-year plan, at an average of
RM2,600 per woman. Apart from challenges in
raising funds, Selvamalar says it also needs volunteers. Corporations and organisations can come
in and volunteer as mentors. Its a commitment,
but anyone can do it. We will provide training.
Despite working extensively with Sri Lankan and
Nepalese women, Selvamalar says it still shocked
her to find the poorest of the poor in our own
backyard. These are urban folks in Selangor and
KL, earning only RM1,200 per month, in an area
like Pantai Dalam. With all the government aid and
move to uplift the lives of B40 households, how are
these people being left behind? They are desperate. Im just wondering whats going wrong here.
If youre interested in volunteering with or supporting
Women Of Will, or would like to find out more, visit
www.womenofwill.org.my, or call (03) 7722 1518.

in P
jus
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P
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live it! 23

T HURSDAY MAY 1 9 , 20 16 T HEED G E FINA NCIA L DA ILY

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

FILM

BY HANNAH M ER ICAN

An entertaining ride with X-Men: Apocalypse


Director: Bryan Singer
Cast: James Mcavoy, Michael Fassbender, Jennifer
Lawrence, Oscar Isaac, Sophie Turner, Rose Byrne, Tye
Sheridan, Nicholas Hoult, Evan Peters, Olivia Munn
Rating: 3 out of 5
Length: 144 minutres
Opening: Today
THE latest X-Men prequel takes us back to the 80s, 10
years after the events from Days of Future Past. Now
Dr Xaviers (James Mcavoy) group of mutants have
to battle against newly awakened super-mutant En
Sabah Nur (Oscar Isaac) the first mutant of all
who is intent on destroying civilisation.
The action kicks off once Magnetos civilian cover
in Poland is blown and he gets featured on the news
just as En Sabah Nur starts recruiting mutants to
put his monstrous plans into action. Compared to
the comics, En Sabah Nur is less threatening as he
has been reduced to human-sized proportions and
as the film builds up to the final confrontation the
character seems quite repetitive and monotonous.

One of the highlights of Apocalypse is Quicksilvers (Evan Peters) appearance. Fans who enjoyed
his appearance in Days of Future Past will recall one
of the highlights where he whizzed past people accompanied to Jim Croces Time in a Bottle. He once
again saves the day with his powers while listening
to Eurythmics Sweet Dreams (Are Made of This) in
a particularly thrilling scene.
Certain new cast members in Apocalypse such as
a young Jean Grey (Sophie Turner) and Scott Summers (Tye Sheridan) play their roles fairly well and
are entertaining enough thanks to the depth of their
characters. Psylocke and Angel, who are part of En
Sabah Nurs followers, barely contribute to the film
with hardly any dialogue and only seem to appear
in action sequences.
In comparison to its predecessor, Apocalypse fails
to live up to expectations with far too many characters in certain parts of the film. The film, however,
is not the worst superhero movie of the year and is
still an entertaining film to catch if you are a fan of
the comics.

PICK OF THE DAY


JAPANESE skincare and cosmetics brand shu uemura
has partnered with streetwear designer Kathleen Kye for
its spring artist collaboration series, resulting in limited
edition items covered in illustrations by Kye herself. The
illustrations include symbols such as a headphone to
symbolise K-pop music, Koreas national flower, the hibiscus, a digital clock showing 5.10am, which represents
the departure time of the first train of the day, and a gummy tiger to symbolise the national animal of the country.
Take your pick from eyeliner drawing pencils in various
colours, sheer colour lip balm, UV cushion foundation,
fresh cushion blush and two types of cleansing oils. Find
the entire range at all shu uemura counters nationwide.

Personal
ASSISTANT

WATCH French lm La Princesse de Montpensier, which


is being screened as part of this years Le French Festival at GSC Pavilion Kuala Lumpur tonight, and will
include a meet-and-greet session with the lms star,
Mlanie Thierry. GSC Pavilion is located at level 5, Pavilion Kuala Lumpur, 168 Jalan Bukit Bintang, Kuala
Lumpur. Tickets priced at RM14.50 each can be purchased at the GSC ticketing counters, GSC e-Payment
website or GSC mobile app. Visit www.facebook.com/
lefrenchfestivalmy or call (03) 2694 7880 for more.

CO MPI L ED BY SHALINI YEAP

WORK. LIFE. BALANCE


INDULGE in a chargrilled dinner tonight
with a wide variety of meat, sh and seafood
at the Lemon Garden Cafs Thursday BBQ
buet, with a selection that includes Moroccan spice-roasted whole lamb, Australian
prime beef steaks, chermoula lamb chops,
crab cartoccio, rock salt-crusted red fish
and giant squid with teriyaki glaze. The BBQ
buet is priced at RM188 nett per person at
the Lemon Garden Caf, Shangri-La Hotel,
11 Jalan Sultan Ismail, Kuala Lumpur. Visit
www.facebook.com/shangrilaKL for more
information and call (03) 2074 3900 or visit
www.shangri-la-specials.com for reservations.

VIEW artist Fendy Zakris second exhibition, Hyphen Jocund,


at Richard Koh Fine Art. The exhibition, which opened yesterday, depicts the biomorphic shapes that allude to both the
human body and microscopic organisms to produce visual
eects resembling the shape of breasts and intestines. The
10 new oil-on-jute paintings focus on the simple beauty of
organic shapes inuenced by modern sculptor Henry Moores
voluptuous sculptures based on the human gure. Drop by
the Richard Koh Fine Art at Lot 2F-3 Bangsar Village II, Jalan
Telawi 1, Bangsar Baru, Kuala Lumpur between 11am and 8pm
today. Visit www.rkneart.com or call (03) 2283 3677 for more.

24 F E AT U R E

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

The Malaysia that could be


The spirit of family and oneness is remembered only by the aged
BY MI C H A EL VATIKIOTIS

hortly after I arrived in


Kuala Lumpur in 1991 as
newly appointed bureau
chief for the Far Eastern
Economic Review, I was
introduced to a Malaysian journalist then working here
for The Straits Times in Singapore.
We worked in a country well known
for its disdain for the foreign media, and we were particular targets because our publications were
deemed by the government to be
biased against or even hostile to
Malaysia.
Partly because of the common
challenges we faced, but perhaps
mostly because we enjoyed eating nasi kandar and roti canai at
street-side stalls in Kuala Lumpur
or on the many outstation reporting
trips we took together, we became
good friends.
A quarter of a century later, my
close friend Kalimullah Hassan is
no longer a journalist neither
am I. Our beloved profession has
been much affected by the decline
in advertising revenues and the rise
of social media. But Kali, as all his
friends know him, remains as passionate and concerned about his
country as he was when we drove
for long hours around rural constituencies in out-of-the-way parts of
Kedah, Kelantan and Terengganu
covering by-elections.
So when I read his newly published collection of columns and
recollections, many of those earnest
discussions and arguments we had
over steaming cups of teh tarik in
the 1990s came flooding back to
me. There is his great pride in Malaysias ethnic diversity, his deep
concern about the divisive racist
rhetoric of contested politics and
the corrosive impact of patronage
and corruption in high places.
Like many of us who have lived

or worked in Malaysia, whether we


are Malaysian or not, what we see
today is a nation once proud of
its institutional integrity and ethnic diversity now threatened by a
deterioration of the probity and
quality of governance and sharply
polarised communal tendencies.
For Kali, the country is on a slippery slope. Intolerance is growing
and there is no firm guiding hand,
no leadership to lead us back to the
right path, he writes in the introduction. In a bitter postscript to this
collection of columns he wrote for
The New Straits Times when he was
group editor from 2004 to 2007, he
bemoans the erosion of ethnic and
religious tolerance and the rise of
chauvinistic right-wing politicians
who have replaced the narrative of
renewal and reform with the rhetoric of bigotry and racism.
The book, which is privately published, is unashamedly a romantic yearning for the Malaysia of yesteryear, with endearing sketches of
his home town of Kroh along the
Thai-Malaysian border, where he
grew up the son of immigrant Indian
Muslim parents. He loves to describe
ordinary Malaysians living modestly
and uncomplainingly in rural splendour the rich cultural diversity,
the beauty of the different cultures,
the picture postcard scenery. This
strengthens his belief that Malaysia
is wonderful, its people marvellous.
How right he is that if you want
to see Malaysia as Malaysia is and
as it should be, then celebrating
the Harvest Festival in Sabah is
exactly the place to be.
The postscript to the book is
where Kali expresses deep disappointment and where he falls victim perhaps to bitterness that is
sometimes hard to read. Like Kali,
I was extremely optimistic about
Malaysia during the years when
(Tun) Abdullah (Ahmad) Badawi was prime minister. As much

as (Tun Dr) Mahathir Mohamad


helped develop and modernise
Malaysia, he was a complex, uncompromising man with deeply
ingrained prejudices that made it
hard to feel welcome as a foreigner,
or safe as a journalist.
Abdullah was a charming breath
of fresh air, a man of high moral
calibre and moderate views. As Kali
notes, his long years in the political
wilderness left him neither bitter
nor vindictive.
When he was thrust into power
after Dr Mahathirs surprise resignation in 2003, Abdullah set about
the uphill task of restoring institu-

Dr Mahathir was critical of his


successor, whom he considered
weak and ineffective.
Being a civilised man of polite
moderation, it is true that Abdullah lacked the venom and spite to
effectively emasculate his opponents. Kali documents incidents
he was witness to where Abdullah refused to use his executive
power to influence the courts, or
bridle the media. On taking office,
he told the judges, as Kali wrote at
the time, that they must preserve
the independence of the judiciary
and act without fear and favour.
These affectionately crafted vignettes are among the most valuable in the book, as Abdullahs
premiership is not widely written
about.
All that sense of hope and idealism seems like a distant memory
today, as Kali would have it. The
Chinese have become more defensive and exclusive than ever; the
Christians feel they are constantly
under siege; the Malay Muslims,
among the poorest in society, fear
losing political power; the Indians
continue to feel marginalised.
Kalis parting shot drives at the
heart of what ails Malaysia today,
which to my mind is the dangerous
erosion of ethnic and religious harmony. He is right that Malaysians
have always been conscious of the
racial divide, and that there have
always been bigots and racists in
their midst; neither Singapore nor
Malaysia can escape the colonial confection of polarised pluralism. But he has a point when he
writes that in Malaysia today the
spirit of family and oneness is remembered only by the aged. The
Straits Times

tional integrity and dignity to the


office of prime minister and was
genuinely committed to reform
and renewal.
I was drawn to him and his
fresh-faced, well-educated advisers. Abdullah and his inner circle,
which included Kali, made you feel
there was hope for a democratic
Malaysia. He was indeed a decent
man who tried, in his own way, to
make the country a more decent
place to live in. But as Kali reveals,
there was tremendous pressure on
Abdullah to move in the other di- The Malaysia That Could Be was
rection, not least because instead published privately in Malaysia in
of going quietly into retirement, March and sold out within weeks.

4.98

128.98

Markets 2 5

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia

YEAR
HIGH

Sectorial Movement
INDICES

CLOSE

+/-

%CHG

KLSE COMPOSITE

1,635.72

2.33

0.14

KLSE INDUSTRIAL

3,030.89

-23.92

-0.78

INDICES

CLOSE

TECHNOLOGY

+/-

%CHG
-1.00

20.71

-0.21

FTSE BURSA 100

11,115.29

11.37

FTSE BURSA MID 70

12,833.94

-2.82

-0.02

0.10

CONSUMER PRODUCT

581.67

1.02

0.18

INDUSTRIAL PRODUCT

138.63

-0.62

-0.45

FTSE BURSA SMALL CAP

15,370.40

-48.49

-0.31

CONSTRUCTION

285.19

-1.14

-0.40

FTSE BURSA FLEDGLING

15,868.98

-90.12

-0.56

TRADE & SERVICES

220.80

-0.41

-0.19

FTSE BURSA EMAS

11,424.58

8.66

0.08

14,350.69

42.93

0.30

5,641.40

-132.07

-2.29
-0.01

KLSE FINANCIAL

FTSE BUR MSIA ACE

KLSE PROPERTY

1,152.26

-2.53

-0.22

FTSE BUR EMAS SHARIAH

11,905.37

-1.44

KLSE PLANTATION

7,482.60

-8.17

-0.11

FTSE BUR HIJRAH SHARIAH

13,307.95

16.03

0.12

490.39

-8.11

-1.63

FTSE/ASEAN 40

8,745.40

-63.93

-0.73

KLSE MINING

Bursa Malaysia Main Market


YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.850 0.550 0.820
4.334 3.400 3.950
12.540 5.327 12.540
0.480 0.220

6.320 4.052 5.900


2.260 1.150 1.200
5.299 2.977 4.160
64.156 40.235 49.480
0.085 0.040 0.045
1.086 0.560 0.575
1.870 0.880 1.580
0.660 0.427 0.535
0.400 0.230 0.375
13.390 10.731 13.000
1.310 0.720 1.210
2.925 2.260 2.400
1.970 0.454 1.270
3.290 1.670 2.640
0.085 0.035

2.417 1.255 2.090


1.369 1.010 1.320
0.175 0.065 0.100
0.075 0.040 0.045
0.963 0.785 0.880
56.100 40.020 56.040
0.165 0.065 0.110
0.265 0.105 0.125
0.280 0.165 0.225
0.460 0.190 0.290
2.620 1.693

0.325 0.225 0.230


0.940 0.640 0.790
24.560 16.745 24.000
0.940 0.475 0.675
1.353 0.990 0.990
1.220 0.360 0.990
0.966 0.553 0.810
1.640 0.720 0.980
2.760 2.070

1.200 0.930

0.175 0.040

15.180 11.735 14.620


8.210 4.141 8.210
1.196 0.860 0.890
0.533 0.391 0.410
5.280 2.850 4.180
1.416 0.819 1.380
0.540 0.340 0.495
3.093 1.816 1.900
1.420 0.623 0.970
1.170 0.450 0.635
3.160 2.270 2.340
3.965 1.824 3.100
0.250 0.025 0.110
0.935 0.560 0.760
2.613 1.742

1.200 0.920 1.030


0.115 0.040 0.040
8.100 5.160 5.590
9.700 2.950 9.240
0.405 0.130 0.300
0.405 0.215 0.295
2.917 2.010 2.550
0.910 0.700 0.765
2.343 1.422 1.540
4.585 2.087 4.480
0.140 0.020

1.481 1.141 1.340


1.090 0.810

1.319 1.080

5.226 4.507 5.020


0.140 0.025

1.650 1.100 1.410


75.569 68.397 75.000
2.800 2.186 2.700
0.200 0.080 0.110
0.370 0.220 0.290
1.079 0.614 0.945
0.600 0.460 0.590
2.518 1.841 2.280
7.679 6.368 6.900
2.490 1.214 2.390
30.200 19.941 29.240
0.768 0.587

0.370 0.200

0.885 0.275 0.605


1.200 0.725 0.780
0.229 0.123 0.180
0.580 0.402 0.510
2.071 1.391 1.490
16.784 14.079 15.980
0.614 0.458 0.560
2.077 1.348 1.720
1.520 0.945 1.450
2.931 1.634 2.120
4.650 3.662 4.300
1.660 1.340

1.438 1.180 1.280


0.546 0.270 0.290
1.020 0.490 0.980
1.430 0.543 0.590
0.120 0.055 0.070
2.450 0.890 1.740
1.546 0.771 1.040
0.060 0.035 0.045
2.750 1.671 2.540
1.520 0.730

0.745 0.365 0.570


0.450 0.280

3.086 1.990 2.030


1.430 0.352 1.430
1.893 1.040 1.300
1.610 1.184

0.575 0.445

0.510 0.170 0.490


10.607 5.600 5.770
2.430 1.530 2.160
0.945 0.430 0.945
0.098 0.035 0.040
0.670 0.355

0.630 0.260 0.280


2.410 1.430 2.290
0.625 0.190 0.625
1.147 0.799

3.490 1.879 2.310


2.055 1.335 1.430
INDUSTRIAL PRODUCTS
1.260 0.883 1.250
0.165 0.095 0.115
0.640 0.470 0.530
0.450 0.270

1.070 0.830

2.454 1.850 1.950


* Volume Weighted Average Price

DAY
LOW
0.810
3.940
12.100

5.800
1.200
4.120
47.400
0.045
0.560
1.570
0.525
0.365
12.840
1.190
2.300
1.240
2.600

2.080
1.310
0.095
0.040
0.870
55.600
0.100
0.120
0.215
0.285

0.225
0.790
23.280
0.650
0.990
0.985
0.770
0.965

14.600
7.980
0.880
0.405
4.100
1.360
0.490
1.900
0.965
0.630
2.310
3.100
0.085
0.750

1.030
0.040
5.550
9.050
0.290
0.285
2.490
0.760
1.500
4.400

1.250

5.000

1.360
74.420
2.700
0.105
0.280
0.940
0.575
2.250
6.860
2.250
29.000

0.600
0.760
0.175
0.510
1.460
15.700
0.560
1.500
1.430
2.110
4.250

1.260
0.280
0.975
0.580
0.065
1.740
1.020
0.045
2.520

0.565

1.990
1.380
1.280

0.465
5.600
2.160
0.915
0.040

0.275
2.260
0.600

2.280
1.420
1.210
0.110
0.495

1.950

CODE

7120
7090
2658
7051
6432
7722
7129
4162
7243
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
5102
5606
5606PA
5187
3255
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7071
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7165PA
7412
7246
8532
7103
7186
7082
7211
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148

COUNTER

ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HEIM
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OCR
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PWF
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SGB-PA
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG

CLOSING
(RM)
0.820
3.940
12.540
0.220
5.900
1.200
4.160
49.080
0.045
0.565
1.580
0.535
0.365
12.840
1.200
2.400
1.240
2.600
0.040
2.080
1.320
0.095
0.045
0.880
56.000
0.110
0.120
0.225
0.285
2.100
0.225
0.790
23.700
0.675
0.990
0.990
0.780
0.970
2.750
1.110
0.065
14.620
8.180
0.885
0.405
4.100
1.370
0.490
1.900
0.965
0.635
2.330
3.100
0.105
0.750
2.050
1.030
0.040
5.590
9.050
0.300
0.285
2.500
0.760
1.540
4.480
0.020
1.310
0.950
1.190
5.020
0.035
1.360
74.600
2.700
0.105
0.285
0.945
0.575
2.250
6.880
2.300
29.240
0.715
0.250
0.600
0.770
0.175
0.510
1.470
15.800
0.560
1.530
1.430
2.120
4.300
1.500
1.280
0.290
0.975
0.590
0.065
1.740
1.040
0.045
2.540
1.160
0.565
0.320
2.030
1.390
1.280
1.460
0.475
0.465
5.620
2.160
0.930
0.040
0.470
0.280
2.280
0.610
0.920
2.300
1.420
1.210
0.115
0.500
0.270
0.830
1.950

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0.005
977.3
-0.140
12.4
0.440
187.9

0.050
14.6
UNCH
132
-0.020
4.9
1.080
494.4
UNCH
50
UNCH 1597.5
UNCH
17
0.005
160.7
-0.010
68
UNCH
223.1
-0.010
136.5
0.100
14.8
-0.030
61.3
UNCH
16

UNCH
1.8
UNCH
62
-0.005
596.9
0.005 4327.4
UNCH
6.1
0.200
3.6
UNCH 3565.1
-0.005 26742.8
UNCH
510
-0.010 1075.9

-0.005
195.3
-0.030
2
0.300
598.7
-0.005
24
UNCH
12.8
UNCH
96.6
-0.010
13.8
-0.015
91

0.020
14.2
0.180
177
-0.005
46.5
-0.005
272
-0.070
4.9
UNCH
336.6
0.005
60
UNCH
50
UNCH
1.7
-0.005
8.5
-0.010
541.9
-0.010
44
-0.005
847.6
0.010
109.2

0.010
10
-0.005
100
0.010
17.5
-0.180
6
-0.005 1017.6
-0.010 2344.4
-0.030
458
-0.005
65
0.010
8
0.070
132.6

0.100 1715.7

UNCH 1201.1

-0.020
150.2
0.080
2.2
UNCH
5
-0.005
523.4
UNCH
548.8
-0.005
36.9
UNCH 1537.1
UNCH
11.3
0.020
5.7
0.040
2849
0.100
23.9

UNCH
38.2
-0.015
10.6
UNCH
110.5
-0.005
68
-0.010
229.4
-0.200
832
UNCH
1
-0.040
514.8
UNCH
56
UNCH
8.6
0.040
824.8

0.020
147
0.005
527.5
-0.015
32
UNCH 7015.9
UNCH 1236.7
0.010
1.2
0.020
663.3
UNCH
38
-0.010
139

-0.005
827.6

0.020
111.3
UNCH 1770.9
-0.010
50.8

-0.020
724
-0.150 3108.5
UNCH
13
-0.005
688.7
UNCH
704.9

UNCH
578.4
UNCH
173.8
-0.010
965.2

0.020
63.2
UNCH
11

0.813
3.947
12.378

5.860
1.200
4.154
49.083
0.045
0.565
1.571
0.529
0.368
12.950
1.201
2.304
1.250
2.603

2.081
1.318
0.096
0.045
0.878
55.976
0.105
0.125
0.216
0.289

0.227
0.790
23.498
0.661
0.990
0.986
0.781
0.974

14.611
8.117
0.883
0.407
4.142
1.371
0.491
1.900
0.968
0.635
2.332
3.100
0.098
0.751

1.030
0.040
5.565
9.120
0.297
0.288
2.520
0.762
1.516
4.454

1.290

5.020

1.374
74.552
2.700
0.108
0.285
0.943
0.579
2.260
6.873
2.347
29.176

0.601
0.767
0.177
0.510
1.474
15.780
0.560
1.616
1.438
2.112
4.295

1.269
0.282
0.977
0.587
0.066
1.740
1.030
0.045
2.537

0.567

2.007
1.395
1.290

0.476
5.640
2.160
0.929
0.040

0.278
2.270
0.611

2.299
1.422

15.10
13.48
19.12

13.65

10.94
16.64

13.08
14.96
5.94
9.71
18.18
13.45
14.01
6.84
16.45

14.54
13.85
2.09

10.21
22.70

4.07
44.59
26.16
141.07
22.73

34.02
13.16
12.06
20.29
15.32

17.75
11.41
9.42
15.11
8.58
20.03
326.67
9.09
7.59
4.57
29.83
18.90

14.07
13.29
23.73

6.15
23.49

9.60
7.81
8.16
10.39
9.13

34.38
161.02
16.46
12.82

21.28
28.05
10.54

29.38
17.28

18.55
15.66
13.80
13.21
26.58
18.52

15.09
36.17
6.95
17.81
20.22
7.06
16.12
11.14
26.79
22.26
20.68

27.86

6.44
9.85
40.91
12.87
241.67
10.35

17.70
16.51
8.82
22.29

16.97

8.94
10.84
21.05
45.19
0.85
13.01

7.73
10.63
13.73

3.05
2.79
1.59

4.24
0.42
3.85
5.89

3.33

1.87

5.61
2.50
3.96
1.61

3.55
7.58

1.70
1.79

3.10

2.64

1.52
1.01
8.97

0.73
3.60

4.86
3.91
4.52
2.47

2.92

4.21
4.15

0.72
0.81

3.41

2.15

4.53

3.25
1.79

3.05

4.20
5.18

0.98
3.22
4.07

1.75
0.85

2.22
2.62
4.35
1.71
3.50

1.96
2.72
1.58
2.23
1.86
4.20
3.77
0.99

1.56

5.75
4.81

1.97

2.46
0.72
2.73
5.14
2.11

3.56
4.17
3.23

6.54
1.54

4.35
2.83
4.23

145.8
461.6
762.4
11.0
472.0
94.9
795.9
14,013.8
22.4
455.6
271.3
42.8
71.8
3,955.7
189.2
669.5
52.2
421.2
26.7
475.9
159.1
118.1
37.9
117.9
3,584.0
64.7
37.4
37.8
27.3
148.6
54.7
35.1
8,692.7
41.2
247.5
83.1
192.9
465.8
1,679.3
505.5
30.4
4,416.7
2,682.3
265.5
329.2
355.3
1,096.0
36.7
167.3
132.4
52.1
2,335.5
734.1
7.2
75.0
82.1
136.4
10.7
543.4
542.8
19.8
47.8
450.0
141.8
200.4
729.0
8.0
720.8
51.7
72.4
3,529.0
21.2
314.9
17,493.7
202.9
31.8
67.9
1,061.4
121.9
540.0
4,268.3
1,513.2
1,776.2
86.4
17.5
36.0
426.0
135.3
209.3
333.4
18,730.9
56.0
274.0
111.2
644.6
5,366.5
92.5
357.6
34.8
117.0
71.7
32.3
87.0
249.6
88.9
394.1
169.2
345.7
25.6
1,364.2
447.0
384.0
59.5
65.8
108.7
6,565.8
171.9
148.8
107.8
34.2
135.8
427.1
76.3
147.2
309.6
653.2

1.229
0.111
0.510

1.950

20.47

9.03
38.97
13.36

1.16

6.15

476.3
30.3
73.6
59.0
126.8
40.0

-0.040
0.005
-0.005

UNCH

1232.1
30.1
2348.8

4.5

# PE is calculated based on latest 12 months reported Earnings Per Share

YEAR
LOW

DAY
HIGH

DAY
LOW

0.165 0.100 0.135


0.130
0.460 0.325

0.400 0.260 0.360


0.360
4.717 2.167 3.230
3.160
0.505 0.110 0.150
0.150
0.940 0.610 0.860
0.850
0.475 0.335 0.360
0.350
1.260 0.620 1.060
1.010
0.360 0.120 0.300
0.280
1.520 1.033

4.862 3.730 3.880


3.820
0.820 0.382 0.775
0.765
0.819 0.543 0.645
0.635
0.745 0.500 0.555
0.530
1.660 0.510 1.420
1.230
2.480 1.500 1.560
1.520
0.795 0.285 0.560
0.550
0.140 0.090 0.115
0.115
1.463 0.975 0.990
0.985
3.100 2.160

1.985 0.777 1.480


1.440
0.520 0.285 0.305
0.305
0.295 0.175

0.455 0.150 0.210


0.210
5.170 2.000 4.030
3.980
0.286 0.045 0.050
0.045
2.350 1.576 2.260
2.180
1.071 0.823 0.920
0.920
1.690 1.150 1.520
1.520
2.560 1.380

1.500 1.150

2.284 1.234 1.680


1.670
1.680 1.340

1.230 0.640

0.090 0.040 0.045


0.045
5.932 3.170 3.320
3.220
0.510 0.130

2.963 1.423 1.630


1.580
0.910 0.200 0.725
0.705
1.000 0.670 0.730
0.715
1.450 0.880 1.420
1.410
1.008 0.630 0.940
0.920
0.440 0.275

2.374 1.605 2.070


2.070
0.475 0.230 0.385
0.365
0.308 0.170 0.250
0.245
0.635 0.250 0.370
0.345
0.510 0.331

0.920 0.660 0.685


0.675
1.536 1.091

1.808 0.895 0.945


0.895
0.675 0.250 0.540
0.515
1.260 0.406 0.840
0.830
1.600 1.000 1.130
1.130
0.480 0.190 0.420
0.400
0.793 0.591

1.683 0.995 1.160


1.140
1.560 0.600 0.990
0.975
1.176 0.918 1.010
1.010
3.210 2.274 2.760
2.700
0.835 0.347 0.520
0.515
2.573 1.977 2.210
2.210
3.090 1.174 2.510
2.310
1.570 1.370

2.970 0.650 1.510


1.480
0.075 0.040 0.050
0.045
0.390 0.200 0.285
0.210
0.135 0.075 0.080
0.080
0.565 0.285

0.312 0.173 0.260


0.255
0.135 0.070 0.100
0.095
1.080 0.805 0.840
0.805
0.750 0.320

6.124 3.810 3.970


3.910
3.500 2.890 3.040
2.930
1.790 1.110 1.230
1.210
0.985 0.706 0.870
0.865
0.525 0.200 0.420
0.395
0.905 0.130 0.190
0.180
1.768 0.918

0.990 0.530 0.810


0.800
0.430 0.310

0.095 0.025 0.035


0.030
3.991 2.852 3.110
3.090
0.139 0.055 0.065
0.055
0.960 0.760

2.190 1.371 2.180


2.100
0.400 0.220 0.245
0.235
0.120 0.045 0.095
0.095
0.175 0.135 0.140
0.140
0.280 0.075

1.320 0.920 1.060


1.030
2.830 1.210 1.980
1.880
1.810 1.051 1.360
1.310
0.230 0.145 0.190
0.180
1.290 0.353 0.910
0.890
0.985 0.430 0.560
0.525
3.440 2.730 3.140
3.120
2.561 1.383 2.010
2.000
0.200 0.070 0.085
0.080
2.110 1.280 1.660
1.630
0.665 0.390 0.480
0.460
2.703 0.937

0.775 0.335 0.480


0.460
9.500 5.697 6.510
6.450
0.600 0.400 0.495
0.490
5.740 4.286 5.050
5.010
0.520 0.330

0.600 0.390

9.636 8.130 8.400


8.130
0.605 0.384 0.555
0.540
0.784 0.405 0.625
0.595
0.605 0.420 0.490
0.480
0.205 0.110 0.130
0.125
0.075 0.030 0.045
0.045
0.115 0.045 0.055
0.050
0.475 0.220 0.405
0.390
0.360 0.110 0.305
0.295
0.105 0.060 0.070
0.065
4.250 3.180 3.860
3.840
0.740 0.330 0.605
0.570
0.808 0.502

0.555 0.350

0.889 0.652 0.790


0.790
0.430 0.175 0.390
0.365
0.805 0.500 0.570
0.555
1.650 1.090 1.260
1.250
2.100 1.640

1.340 0.605 0.840


0.825
0.110 0.060 0.100
0.095
1.894 0.779 1.420
1.400
0.660 0.325 0.655
0.620
2.930 2.090 2.800
2.790
2.600 1.040 1.920
1.920
1.170 0.810 0.885
0.845
0.600 0.210 0.560
0.530
0.200 0.070 0.070
0.070
0.645 0.100 0.320
0.305
0.705 0.454 0.560
0.540
1.120 0.647 1.080
1.050
1.300 0.890 0.970
0.960
0.090 0.050 0.090
0.085
7.511 5.096 6.470
6.300
1.740 1.590 1.660
1.630
0.735 0.381 0.620
0.610
6.180 3.923 5.970
5.950
0.330 0.090 0.110
0.105
23.312 19.898 21.300 21.000
7.310 2.580 5.500
5.300
14.100 5.460 13.080 13.060
1.350 0.766 1.240
1.180
3.169 1.362 3.090
3.000
0.650 0.430

0.480 0.340 0.345


0.345
1.170 0.650

0.380 0.300 0.320


0.305
0.625 0.400 0.600
0.565
1.180 0.450 1.140
1.130
0.190 0.105 0.110
0.105
1.700 1.360 1.470
1.470
0.950 0.690

6.330 5.480 5.990


5.990
0.505 0.224 0.460
0.445
0.960 0.633 0.780
0.775

CODE
7146
5198
2682
7609
9954
2674
4758
6556
9342
5568
5015
7214
7162
7099
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7140
5065
7225
5183
5271
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803

COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
ANZO
APB
APM
ARANK
ASTINO
ATTA
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OKA
ORNA
PA
PCHEM
PECCA
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX

CLOSING
(RM)
0.130
0.460
0.360
3.160
0.150
0.855
0.355
1.060
0.280
1.120
3.820
0.775
0.635
0.530
1.310
1.560
0.550
0.115
0.990
2.480
1.480
0.305
0.230
0.210
4.030
0.050
2.190
0.920
1.520
1.780
1.150
1.680
1.480
0.710
0.045
3.230
0.155
1.590
0.710
0.715
1.420
0.925
0.380
2.070
0.375
0.245
0.345
0.510
0.675
1.140
0.945
0.520
0.840
1.130
0.400
0.600
1.150
0.975
1.010
2.760
0.520
2.210
2.370
1.440
1.480
0.045
0.250
0.080
0.360
0.260
0.100
0.805
0.490
3.970
2.930
1.210
0.865
0.405
0.185
1.130
0.810
0.310
0.030
3.110
0.060
0.785
2.170
0.235
0.095
0.140
0.095
1.040
1.960
1.320
0.185
0.900
0.540
3.140
2.000
0.085
1.640
0.470
1.480
0.470
6.510
0.495
5.020
0.390
0.400
8.310
0.540
0.615
0.485
0.130
0.045
0.055
0.395
0.305
0.065
3.840
0.595
0.640
0.400
0.790
0.370
0.560
1.260
1.850
0.840
0.095
1.400
0.640
2.790
1.920
0.855
0.535
0.070
0.310
0.540
1.060
0.960
0.090
6.400
1.630
0.620
5.950
0.105
21.200
5.310
13.080
1.180
3.080
0.480
0.345
0.850
0.315
0.565
1.130
0.110
1.470
0.855
5.990
0.460
0.780

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

-0.005 6851.3

UNCH
80
-0.080
17.5
UNCH
65
0.020
92
0.005
30
0.050 1165.8
-0.005
19105

UNCH
68
0.010
73.1
-0.030
51.6
-0.020
33.9
-0.020 1143.5
UNCH
1.4
-0.015
189
UNCH
30
UNCH
70.1

0.020
16.6
-0.005
10

-0.005
80
-0.020
80.9
UNCH
519
UNCH
131.5
0.010
10
-0.010
20

0.010
379.7

UNCH
11
-0.040 6319.2

-0.010
286.8
UNCH 4925.7
-0.005
71.7
0.010
103.9
0.015
77

UNCH
6.9
0.005
1360
-0.005 2506.2
UNCH 1091.4

UNCH
87.4

0.045 6162.2
UNCH 3726.6
0.005
315.9
UNCH
6
-0.020
321.9

0.020
898
-0.005
91.2
-0.010
5
0.030
457.8
-0.005
38
-0.040
1
-0.080 3099.6

-0.010
70.9
UNCH
2520
0.010 3211.5
UNCH
75

-0.005
528
0.005
200.2
-0.040
281.1

UNCH
1250
-0.100
27
-0.010
516.3
-0.010
42.5
0.005 8613.4
UNCH 3060.1

-0.005
17

UNCH 1015.3
0.020
27.5
UNCH 3360.4

-0.010 1466.5
-0.010
60
0.005
458.5
UNCH
87

0.010
29
0.090 1007.6
-0.030
786.8
-0.010 1972.9
UNCH
59.8
-0.010
18.1
0.010
201.8
-0.010
12.1
0.005 1962.7
UNCH
95.3
0.010 42717.4

UNCH
345.1
0.030
800.1
0.015
27.6
-0.010
60.2

0.100
241.2
-0.010
75.4
0.005 2960.6
-0.005
718.7
0.005
313.1
UNCH
432.8
0.005
556.6
-0.015 4329.7
UNCH
114.4
UNCH
1000
-0.050
1.1
0.020 1941.2

-0.005
61
UNCH 1865.5
-0.055
99.9
UNCH
9.6

UNCH
233.6
-0.005
1883
-0.010
125.6
0.020 1375.4
-0.010
71
0.020
9
0.005
52.5
-0.010 2579.3
UNCH
1
UNCH 7155.1
-0.020
139.4
-0.030
417.4
UNCH
4
0.010 8496.6
-0.010 9175.7
-0.020
249.5
0.005
103
-0.050
15
UNCH
90
-0.260 2008.8
-0.190
352.5
0.020
5
-0.050
66.5
-0.010
814.4

0.005
3

-0.005
175.3
-0.035
172.6
-0.010
429.7
UNCH
287
-0.030
3

0.020
181
0.005
116
-0.005
42

0.135

0.360
3.191
0.150
0.854
0.353
1.046
0.290

3.837
0.765
0.639
0.534
1.319
1.526
0.555
0.115
0.987

1.453
0.305

0.210
4.012
0.050
2.211
0.920
1.520

1.675

0.045
3.289

1.602
0.716
0.719
1.418
0.929

2.070
0.380
0.249
0.360

0.676

0.923
0.526
0.833
1.130
0.412

1.148
0.979
1.010
2.709
0.515
2.210
2.390

1.489
0.045
0.263
0.080

0.260
0.095
0.823

3.963
2.992
1.216
0.869
0.409
0.185

0.806

0.030
3.100
0.060

2.173
0.240
0.095
0.140

1.058
1.934
1.321
0.183
0.897
0.548
3.131
2.000
0.085
1.642
0.471

0.466
6.498
0.495
5.036

8.318
0.547
0.614
0.482
0.125
0.045
0.050
0.398
0.298
0.067
3.842
0.590

0.790
0.378
0.562
1.250

0.833
0.098
1.405
0.639
2.798
1.920
0.855
0.546
0.070
0.311
0.552
1.069
0.968
0.088
6.410
1.657
0.619
5.957
0.108
21.196
5.367
13.068
1.212
3.060

0.345

0.316
0.579
1.130
0.105
1.470

5.990
0.449
0.779

28.57

9.97

24.57
131.48

10.19
12.35
7.35
9.31
1.75

10.93

17.01
16.07
12.56

9.01
1.26
11.92
14.11
12.27
5.33

8.23
27.21

18.09

6.13
7.15
14.42
10.09
15.60

24.32
8.95
204.17
215.63

2.61
8.27

8.35
4.33

10.96
24.10
9.80
16.53
14.25
6.36
10.68
10.58
7.71
3.51
9.50

13.68

21.41

25.25
13.83
6.89
10.61

7.39
13.02
26.72

23.87

17.39

12.67
27.45

56.52
10.57
19.97
15.55
8.88
12.47
10.62
8.11

16.22
15.99
7.94

20.55

13.39
20.00

28.07
10.71
8.86
8.14

9.79

11.87

11.14
154.17
17.61
8.99
8.30
9.46

9.22
5.64
12.15
22.33

5.98

18.95
9.83
10.12

18.93

4.12
10.69

21.14
6.50
20.52
11.84
21.77

8.33
6.57
76.83
9.26
26.90
20.37
15.26
14.57

9.50
12.02

1.90

5.85

2.83

5.80
5.10
2.90
3.07

1.77

4.05

0.99

2.74
4.08
3.95

4.67
4.05
2.46

1.39

2.52

5.63
6.49

2.84

3.18
6.35
5.96

1.67
0.87
0.51
2.48
5.43
2.02
5.66
6.33
10.42

2.88

6.21

2.02

2.27
5.20
0.74

3.10
1.85

0.96

1.61

2.14

2.88
2.04
0.76
2.16
1.11

0.64
3.00

2.44

2.03

1.84

1.99
2.05

3.73
3.70
6.50
3.09

3.91
1.09
1.56

3.80

1.79
4.76
3.24

1.56

3.70
2.83
2.60

2.81

5.65
6.39

2.83
3.77
0.92
3.39
2.44

3.54
0.88

5.43
3.85

MKT CAP
(MIL)
31.5
82.8
47.5
240.6
8.7
114.9
77.7
554.1
82.9
126.4
770.1
93.0
174.1
37.6
80.0
387.6
26.5
31.8
510.8
148.9
277.8
50.1
22.5
26.3
774.4
68.1
1,178.8
421.0
182.4
79.7
47.2
503.2
162.7
32.5
19.8
3,470.2
7.0
845.2
99.4
399.5
539.6
92.5
28.5
565.6
39.2
44.2
92.7
6.3
149.9
188.1
1,826.9
91.2
177.7
185.6
68.5
99.6
973.4
216.3
86.0
607.0
51.0
542.0
244.6
268.7
118.4
242.2
27.6
78.4
48.4
86.8
52.8
223.7
51.9
6,514.9
162.4
550.7
173.3
290.9
214.4
45.9
225.8
24.8
33.7
1,490.0
54.4
86.7
173.6
31.3
89.5
62.9
16.5
131.9
182.9
1,285.3
88.0
89.1
33.4
1,394.7
311.2
89.2
422.8
1,013.4
100.8
58.6
4,162.9
27.9
1,814.6
37.4
60.0
7,061.0
134.2
221.4
150.4
41.8
59.2
76.6
283.6
39.0
112.6
159.7
145.5
35.0
16.8
72.7
83.9
39.2
50.6
222.0
176.4
63.2
153.8
57.4
279.0
585.7
38.0
151.7
3.9
99.2
104.9
167.9
72.2
85.2
51,200.0
306.4
80.4
590.9
58.8
41,949.1
1,433.7
1,004.7
94.4
4,002.3
63.1
55.2
93.4
106.2
102.8
167.3
72.0
85.2
35.9
523.9
63.1
178.8

26 Markets

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

T HU

BURSA MAL AYSIA MAIN MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

4.200 3.154 3.760


3.750
8.280 3.537 6.310
6.180
1.243 0.777 1.010
1.000
1.870 1.130 1.460
1.420
3.248 1.644 2.950
2.940
1.040 0.700 0.740
0.715
13.600 6.526 12.280 12.000
0.795 0.280 0.305
0.305
0.380 0.230 0.235
0.235
1.350 0.526 0.920
0.895
0.380 0.225 0.230
0.230
0.770 0.290

6.350 2.600 3.140


3.080
0.695 0.365 0.465
0.440
0.700 0.480

1.556 0.935 1.310


1.280
2.388 0.969 2.280
2.260
0.850 0.610

1.170 0.690 1.020


0.950
0.452 0.200

2.240 1.500 1.610


1.580
2.504 1.276 2.170
2.170
2.320 1.145 2.010
1.950
3.534 1.870 2.630
2.580
5.750 3.126 4.480
3.890
0.440 0.240 0.385
0.370
0.830 0.370 0.415
0.380
15.260 13.376 15.000 14.800
15.240 14.372

0.190 0.080 0.160


0.150
0.455 0.215 0.455
0.390
2.210 0.700 1.270
1.220
1.720 0.685 1.350
1.350
0.495 0.220

3.530 1.650 3.110


3.050
3.260 1.562 2.340
2.320
0.800 0.630

2.929 1.496 2.610


2.550
2.300 1.660 2.020
2.020
7.030 4.870 5.060
5.000
0.745 0.520

0.270 0.140 0.225


0.195
1.770 1.360 1.720
1.700
5.569 2.749 5.190
5.020
1.332 0.681 1.170
1.110
1.360 0.610 1.300
1.200
1.633 1.130 1.210
1.190
1.408 0.715 0.750
0.725
0.400 0.275

2.150 1.377

2.865 1.609 2.320


2.280
0.670 0.490 0.510
0.495
0.580 0.405 0.415
0.415
2.407 2.054 2.180
2.160
1.550 0.895 1.230
1.150
1.481 0.830 1.000
0.980
1.080 0.790 0.925
0.915
0.300 0.160 0.235
0.215
0.800 0.510 0.570
0.570
CONSTRUCTION
0.560 0.260

0.190 0.100 0.125


0.120
0.775 0.505 0.730
0.715
0.894 0.511 0.660
0.640
0.775 0.490 0.495
0.490
0.539 0.330 0.385
0.370
1.054 0.847 0.890
0.875
1.158 0.840 0.960
0.930
1.859 1.540

1.410 0.753 1.390


1.350
1.670 0.835 1.660
1.620
0.625 0.330 0.595
0.580
2.580 1.100 2.110
2.100
5.031 3.665 4.730
4.680
1.314 0.780 0.895
0.880
1.450 0.780 0.845
0.835
1.359 1.260

1.340 1.290

2.140 1.601 1.760


1.690
3.640 2.844 3.480
3.440
0.835 0.540 0.805
0.765
0.806 0.480 0.560
0.560
1.280 0.650 0.990
0.970
0.410 0.195 0.220
0.210
2.000 1.170 1.920
1.890
1.050 0.740 0.950
0.930
1.960 1.050 1.770
1.740
1.540 1.090

1.287 0.663 0.805


0.765
0.450 0.320 0.360
0.335
1.390 1.020 1.390
1.340
0.370 0.190

1.520 0.840 1.240


1.210
2.642 1.497 2.220
2.200
0.675 0.355 0.370
0.365
1.489 1.160

1.994 1.366 1.730


1.700
0.210 0.110 0.120
0.120
4.063 2.905 3.530
3.520
1.050 0.660 0.675
0.670
1.720 0.954 1.670
1.630
0.515 0.330 0.360
0.355
0.525 0.265 0.455
0.450
1.740 0.845 1.700
1.580
0.792 0.438

1.760 1.083 1.670


1.640
0.865 0.555 0.735
0.735
0.395 0.200 0.215
0.210
TRADING SERVICES
0.410 0.150 0.410
0.395
0.558 0.270 0.280
0.275
3.300 2.470 2.810
2.790
0.235 0.135 0.215
0.215
2.350 0.765 2.350
2.270
6.915 4.187 6.220
6.080
0.685 0.340 0.385
0.370
0.095 0.080 0.085
0.080
10.626 8.984 9.200
9.130
2.780 1.518 2.150
2.150
0.345 0.045 0.055
0.050
1.308 0.700 0.745
0.710
0.170 0.105 0.130
0.125
3.046 2.385 2.780
2.720
5.300 4.160 5.250
5.200
0.770 0.285 0.770
0.730
6.757 5.260 5.420
5.330
0.350 0.203 0.260
0.260
1.060 0.675 0.700
0.680
0.599 0.335 0.450
0.440
0.450 0.195 0.245
0.245
7.128 6.292

1.480 1.080 1.480


1.360
2.725 1.740 2.290
2.200
0.440 0.336 0.370
0.365
2.776 1.810 1.870
1.870
0.855 0.610 0.700
0.695
0.480 0.330 0.405
0.395
3.427 2.823 3.020
3.000
0.215 0.119 0.145
0.140
1.170 0.555 0.975
0.960
4.281 3.240 3.320
3.290
1.030 0.445 0.460
0.460
2.140 0.990 1.760
1.750
3.872 2.168 3.200
3.180
1.079 0.705 0.830
0.820
0.508 0.332 0.480
0.460
0.600 0.400 0.430
0.420
0.105 0.060 0.085
0.080
1.030 0.650 0.765
0.765
0.055 0.040 0.050
0.045
2.040 1.356 1.980
1.960
0.130 0.075 0.080
0.075
2.700 0.990 1.170
1.110
1.529 0.870 1.180
1.160
0.685 0.480 0.605
0.600
1.679 1.284 1.570
1.500
5.193 3.530 3.870
3.870
1.697 0.977 1.250
1.230
0.395 0.240 0.270
0.265
1.100
1.476 0.738 1.100
0.450 0.210

0.320 0.195 0.235


0.225
3.960 2.718 3.750
3.600
0.366 0.178 0.300
0.295
* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

YEAR
HIGH
1.097
1.567
1.450
1.380
0.802
0.655
1.519
0.340
0.370
2.794
1.800
4.640
9.900
1.880
0.503
2.600
0.070
0.410
7.930
1.412
3.458
0.017
0.590
6.790
0.882
1.630
0.335
1.980
0.490
0.450
1.971
0.389
1.924
4.379
1.499
0.650
0.325
0.420
0.350
0.735
1.940
2.666
1.833
0.175
7.034
1.139
3.410
1.550
0.750
0.950
2.306
1.380
9.171
2.646
0.540
0.125
0.210
0.376
2.380
0.945
0.120
0.973
0.840
1.706
0.145
2.750
0.496
0.715
1.979
1.410
0.130
1.418
1.570
0.540
0.240
7.047
26.089
0.250
6.998
0.270
0.415
4.904
3.259
3.310
1.150
0.200
0.450
0.873
0.917
0.660
0.165
2.450
0.250
0.435
1.310
1.404
1.747
8.808
0.900
2.767
1.530
2.470
3.427
0.215
2.658
0.440
1.662
2.191
14.496
1.850
0.510
0.300
7.337
0.815
1.500
0.550
2.858
1.321
2.989
2.070
1.430
0.700
2.600
0.815
3.000
0.545
4.541
1.438
0.080
3.236
0.900
1.710
FINANCE
14.355
2.839
4.631
13.200
12.680
6.176
1.970
4.148
8.950
5.868
0.500
1.313
13.760
10.100
16.155
2.640
0.961
0.930
0.195
2.690
0.754
15.804
1.280
3.080
8.886
1.913
4.180
1.950
1.455
19.380
0.960

5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
5665
7143
6904
7207
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014

SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SSTEEL
STONE
SUBUR
SUCCESS
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI

3.760
6.300
1.000
1.460
2.950
0.740
12.120
0.305
0.235
0.905
0.230
0.290
3.080
0.445
0.660
1.290
2.280
0.740
1.000
0.355
1.590
2.170
2.010
2.580
4.010
0.370
0.405
14.860
15.240
0.155
0.440
1.270
1.350
0.340
3.080
2.330
0.690
2.560
2.020
5.010
0.560
0.205
1.710
5.180
1.170
1.200
1.200
0.735
0.320
1.660
2.300
0.510
0.415
2.180
1.170
1.000
0.925
0.225
0.570

UNCH
0.160
0.005
-0.010
0.010
-0.030
0.080
UNCH
-0.030
-0.010
0.005

-0.050
-0.020

-0.020
0.020

0.050

0.010
-0.010
0.040
-0.060
-0.490
-0.015
UNCH
-0.140

UNCH
0.060
UNCH
UNCH

-0.030
UNCH

0.020
-0.020
-0.010

-0.015
0.010
-0.010
UNCH
-0.080
UNCH
UNCH

-0.010
-0.010
UNCH
UNCH
-0.030
UNCH
0.010
-0.010
-0.010

4
75.8
18
1345.3
38.6
40.1
95.2
10
0.3
277.2
10

36.8
108.2

1175.8
31.6

63.7

5.1
27.7
35.1
1511.3
8636
768
91.7
3.1

311.1
636.3
22.9
104

130.4
164

90.5
30
2181.9

408
547.7
277
23.5
391.3
1919
216.5

89.2
24.9
1
12
3175.7
177.5
28.5
1050
5

3.755 19.11
6.263
8.80
1.003
9.41
1.441 11.82
2.943 16.61
0.719 224.24
12.107 12.60
0.305

0.235 15.88
0.905 59.15
0.230

3.099
2.52
0.453 13.01

1.294 18.80
2.265 20.69
82.22
0.969

1.600

2.170
9.31
1.960
9.85
2.595 13.82
4.041
7.89
0.376
2.42
0.398

14.921 19.98

0.155

0.425 61.97
1.233
6.62
1.350
0.58

3.067
8.48
2.334
6.62
56.10
2.583 12.10
2.020

5.020 15.28
127.27
0.207 26.97
1.707 13.14
5.171 25.44
1.162
9.69
1.225

1.201 19.35
0.742 60.25

8.01
2.302 19.23
0.495

0.415 29.02
2.171 14.61
1.182
9.38
0.993 13.48
0.917 15.55
0.222

0.570

1.33
1.90
6.00
4.11
3.73

1.82

3.31

6.90

2.70

1.52
1.32
3.38

3.69
2.49
1.55
4.99

7.40
7.22

2.92
7.73

3.91
4.95
2.00
1.79

6.43
2.32
2.56

4.92
4.08

1.81
4.00

4.59
1.56
1.67
2.16

514.9
543.8
72.8
462.9
389.4
54.5
2,793.3
26.7
80.4
171.6
115.0
23.2
924.0
83.4
26.4
1,457.9
563.9
33.2
419.4
31.9
332.3
260.4
160.8
1,754.8
1,486.7
164.7
72.9
1,837.0
5.1
24.0
28.3
50.9
54.5
52.0
324.2
224.8
61.4
280.2
257.4
6,286.0
59.9
46.9
679.1
752.1
93.6
140.8
1,402.6
569.5
27.0
221.3
762.8
46.8
16.6
523.2
563.2
333.9
148.0
78.4
57.8

7007
7070
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
9261
5398
5226
5169
5169PA
5169PB
6238
3336
5268
8834
4723
9083
7161
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283

ARK
ASUPREM
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IKHMAS
IREKA
JAKS
JETSON
KERJAYA
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN

0.300
0.120
0.730
0.660
0.490
0.370
0.890
0.940
1.800
1.350
1.660
0.590
2.100
4.710
0.880
0.835
1.260
1.290
1.690
3.450
0.765
0.560
0.980
0.215
1.920
0.930
1.740
1.540
0.805
0.350
1.380
0.260
1.220
2.200
0.365
1.360
1.710
0.120
3.530
0.670
1.630
0.355
0.455
1.580
0.530
1.650
0.735
0.215

-0.005
UNCH
UNCH
UNCH
-0.015
UNCH
-0.025

-0.010
0.030
UNCH
-0.010
-0.010
-0.015
-0.010

-0.080
UNCH
-0.035
0.005
-0.015
UNCH
-0.010
-0.015
-0.020

UNCH
0.010
0.020

-0.020
-0.050
-0.005

0.010
UNCH
UNCH
UNCH
-0.040
-0.005
UNCH
-0.090

0.010
0.010
0.010

371
1406.7
37.9
527.5
483
117
325.7

681.6
2770
1143.2
241.4
976
307.8
219.7

2436
4439.4
5340.3
10.3
226.4
158.8
435.7
363.4
283.5

29
133.2
4160.1

309.4
512.6
145

1598.1
723.3
27
9
1202.6
341.5
221
91.1

1516.3
1
952.9

17.34
0.120

0.720 15.40
0.647
7.68
0.490 326.67
0.376 20.67
0.877 17.21
0.944 14.46

6.70
1.360 12.23
1.639 61.71
0.585 31.05
2.107
5.15
4.711 17.76
0.889

0.838
4.09

1.724 12.18
3.459 14.18
0.783 13.17
0.560

0.978 10.36
0.215 21.72
1.906 10.82
0.938 930.00
1.752
7.21

0.778 17.16
0.343
8.18
1.369 10.45

1.218

2.207 11.91
0.367 18.72
28.87
1.714
8.58
0.120 20.00
3.520 16.50
0.671
9.37
1.645 16.58
0.356
6.93
0.455
7.20
1.617 13.80
18.73
1.650
9.19
0.735

0.211
5.96

2.74
6.06
0.61
5.41
3.37
4.26
1.67
1.85
1.20
2.12
2.38
2.55

1.98
1.16
1.42
2.46
1.31

1.56

3.33

2.17

3.62

2.27
2.74
3.68
5.26

5.10
0.75
2.45

1.43

1.68
1.82

13.8
35.0
353.0
200.5
397.8
86.4
307.5
166.3
166.9
722.3
1,420.0
214.0
543.1
11,367.3
344.0
290.9
10.0
23.9
984.7
12,380.3
397.8
95.7
429.6
40.4
510.4
932.5
523.0
210.2
96.6
23.5
887.4
60.2
674.0
1,043.1
238.7
124.1
579.6
38.0
577.2
518.6
2,107.4
113.7
218.6
104.8
92.5
2,074.7
87.5
181.7

5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5275
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064

AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BISON
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN

0.400
0.280
2.800
0.215
2.280
6.140
0.370
0.080
9.150
2.150
0.050
0.725
0.130
2.750
5.250
0.745
5.420
0.260
0.690
0.450
0.245
7.000
1.400
2.290
0.365
1.870
0.700
0.405
3.000
0.145
0.975
3.310
0.460
1.760
3.200
0.825
0.480
0.430
0.085
0.765
0.050
1.980
0.080
1.120
1.170
0.605
1.540
3.870
1.240
0.265
1.100
0.275
0.230
3.750
0.295

-0.010
0.005
UNCH
-0.005
-0.040
-0.010
-0.005
-0.005
-0.050
-0.020
-0.005
0.005
UNCH
-0.020
-0.010
0.010
0.050
-0.010
UNCH
-0.005
UNCH

-0.030
0.020
-0.005
-0.030
UNCH
0.005
UNCH
UNCH
0.020
0.010
UNCH
-0.010
UNCH
-0.010
-0.010
UNCH
0.005
-0.005
0.005
-0.020
UNCH
-0.040
UNCH
-0.005
0.030
-0.020
-0.010
-0.005
0.020

UNCH
0.050
-0.005

84228.2
153.6
893.3
1174
40220.9
1988.3
4593.4
526.6
9.9
61
635.7
33024.1
1237.3
1473.9
3
18376.1
5317.3
68.1
2443
136.9
248

1058.5
1606.6
4375.6
18
5
6
1195.7
2293.5
289.3
291.2
13
5
4.2
494.4
30
23
410.9
20
9680
282.4
1828.2
3467.5
206.6
669
6587.4
2
519.3
103
52

537.2
141.9
574.2

0.404

0.278

2.800 29.44
0.215 23.12
2.309 11.76
6.160

0.375
6.85
0.085

9.161 23.53
2.150 10.21
0.050

0.729

0.128

2.751 23.40
5.233 30.92
0.753 21.98
5.394 18.36
0.260
6.86
0.687 28.75
0.446

0.245

25.24
1.444

2.280 13.14
0.369

1.870 36.88
0.697

0.403

3.003 14.46
0.142 19.08
0.967

3.305 258.59
0.460

1.756 53.33
3.186
5.86
0.828
9.55
0.467 33.10
0.422

0.083

0.765 24.68
0.050 83.33
1.973
9.44
0.077

1.132
5.71
1.170 10.55
0.603 23.27
1.537 27.45
3.870 16.57
1.238 32.80
0.270
7.24
1.100 14.14

0.229

3.717 15.96
0.296
4.21

35.71
1.43

1.75
1.38

3.83
1.40

1.13
1.92
4.36
5.24

4.06
4.81
2.90

3.14

4.21
2.74
1.74

5.49

6.04

1.14
1.56
4.85
1.56
1.33
3.53
3.92

2.53

6.25
4.70

1.43
2.45
1.61

2.05

4.00

1,659.3
114.8
3,931.2
34.4
6,345.2
10,187.4
342.1
19.2
1,504.1
129.1
21.7
4,253.0
86.3
14,313.8
1,331.7
193.4
47,821.2
98.9
569.1
188.6
52.6
3,220.0
434.1
2,626.0
1,705.7
707.4
3,500.2
95.2
4,053.1
431.1
230.4
3,423.1
107.6
383.2
322.4
315.4
61.3
72.5
61.2
93.7
106.7
492.4
138.9
982.4
468.0
572.1
8,090.3
610.1
1,674.0
65.1
554.4
16.5
71.6
3,118.6
209.2

# PE is calculated based on latest 12 months reported Earnings Per Share

YEAR
LOW

DAY
HIGH

DAY
LOW

0.810

1.047 1.320
1.310
0.710 1.350
1.350
0.970 1.190
1.170
0.481 0.610
0.605
0.425 0.440
0.435
1.200

0.145 0.160
0.155
0.110

1.892 2.340
2.300
0.815 1.560
1.510
3.722 4.390
4.300
6.510 8.930
8.650
1.034 1.710
1.680
0.380

1.773 2.600
2.580
0.060

0.265 0.280
0.280
4.119 7.680
7.610
1.100 1.130
1.120
2.800 3.030
3.020
0.005 0.010
0.005
0.250 0.385
0.375
5.320 6.590
6.470
0.683 0.790
0.790
0.920

0.205 0.255
0.250
1.450 1.860
1.820
0.315

0.290 0.320
0.290
1.638 1.850
1.830
0.230 0.260
0.255
1.250 1.450
1.410
3.904 4.240
4.150
0.955 1.020
1.000
0.350 0.590
0.580
0.170 0.195
0.180
0.235 0.300
0.290
0.180 0.295
0.280
0.500 0.685
0.680
0.969 1.640
1.610
2.320 2.360
2.330
1.151 1.620
1.590
0.135 0.160
0.155
5.360 5.470
5.400
0.510 0.850
0.825
1.914

0.997 1.410
1.390
0.484 0.745
0.725
0.650 0.720
0.720
1.654 1.720
1.710
0.875 1.180
1.140
6.880 7.510
7.310
1.490 2.150
2.110
0.330 0.395
0.370
0.060 0.070
0.065
0.155 0.175
0.170
0.236 0.255
0.250
1.241 2.030
2.000
0.560 0.750
0.750
0.065 0.075
0.065
0.660

0.583 0.785
0.775
1.207 1.410
1.380
0.085 0.100
0.095
1.646 2.250
2.190
0.378 0.480
0.445
0.445 0.570
0.560
0.865 0.915
0.900
0.896 1.140
1.120
0.055 0.070
0.065
0.816 1.280
1.270
1.400

0.230 0.265
0.255
0.135 0.170
0.170
4.718 6.780
6.720
18.351 23.700 22.780
0.030

5.176 5.600
5.600
0.155 0.160
0.160
0.205 0.215
0.215
2.040 2.820
2.780
1.559 2.390
2.300
2.410 2.540
2.490
1.000 1.050
1.040
0.100 0.155
0.150
0.340 0.385
0.370
0.545 0.645
0.640
0.591

0.430

0.090 0.125
0.120
1.543 2.380
2.320
0.135 0.190
0.175
0.195 0.225
0.215
0.968

1.200 1.260
1.200
1.293 1.370
1.350
6.485 7.450
7.320
0.720

1.360 1.620
1.580
1.310 1.360
1.340
2.206 2.460
2.450
2.380 2.500
2.500
0.100 0.120
0.110
1.877 2.220
2.190
0.330 0.355
0.350
1.192 1.460
1.430
1.471 1.600
1.570
10.030 14.080 13.880
1.229 1.690
1.600
0.300 0.305
0.305
0.120 0.125
0.120
5.792 6.690
6.580
0.460 0.790
0.775
0.882 1.270
1.260
0.330

2.720

0.900

2.218

0.860 0.925
0.905
1.130 1.210
1.180
0.500

1.560 2.010
1.980
0.370 0.700
0.680
2.130 2.430
2.430
0.420

3.566 4.240
4.190
0.744 1.030
1.000
0.025 0.035
0.035
2.310 2.700
2.680
0.435 0.895
0.865
1.349 1.610
1.590
10.780
2.028
3.070
9.770
9.650
4.126
1.370
3.170
7.329
3.841
0.310
1.192
11.509
7.327
12.153
1.778
0.572
0.851
0.105
1.750
0.460
13.847
0.624
2.650
7.901
1.210
2.820
1.290
1.209
16.745
0.727

13.400
2.210
3.980
10.040
9.920
4.430
1.750
3.980
8.690
4.390
0.365
1.250
13.420

15.040
2.170
0.680
0.930
0.135
2.690
0.500
15.400
1.150

8.670
1.240
3.000
1.450
1.320
19.280
0.765

13.200
2.180
3.960
9.910
9.920
4.370
1.750
3.900
8.540
4.280
0.350
1.250
13.180

14.840
2.160
0.670
0.910
0.130
2.690
0.490
15.300
1.150

8.410
1.220
3.000
1.410
1.300
19.020
0.750

CODE

5081
5208
7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

3.98
3.05

0.64
4.13
1.38
4.00

3.56
0.66
1.65
0.39
2.07
1.40
5.77

2.61
2.21
4.97

0.46
3.16
3.00

1.89

4.59
1.92
1.38
1.65
3.92

1.67

4.01
6.84
4.35
4.38
3.66
1.20
3.18
7.14
5.69

4.44

4.10
1.77
1.56

0.60

1.20
0.77
4.32

4.84
3.75

3.35

1.56
1.30

1.04
2.57

4.82
3.81

4.66
1.61

3.23

3.10
4.67

3.43

4.25
10.83
1.69
3.40
1.35
1.28
1.91
7.32
2.40

3.15

5.52
2.87
2.07
9.20

3.22
0.18
3.15

1.38
5.00
2.27
1.10
2.97

1.89

2.88

2.63
1.50

0.56

5.97

204.5
170.3
124.0
355.7
320.6
208.9
218.1
163.3
28.1
2,978.9
2,088.7
25,533.6
33,314.5
507.7
101.5
525.7
5.2
44.8
17,924.2
452.5
206.8
107.5
441.4
53,485.9
140.6
72.5
38.7
259.0
65.3
40.3
512.7
57.2
144.5
4,472.0
509.0
87.2
74.5
166.9
50.8
158.6
444.2
3,364.3
8,050.0
168.7
41,081.1
835.0
859.6
1,552.9
1,248.6
30.2
691.3
1,840.0
32,630.3
6,546.9
62.6
53.1
498.5
872.8
4,832.5
45.1
64.8
85.9
617.9
643.9
102.3
512.5
130.2
345.2
995.5
371.0
56.5
411.8
1,198.8
317.9
33.3
1,253.9
23,167.3
2.8
1,449.7
105.3
10.8
1,509.0
1,127.7
254.0
932.7
204.3
322.0
437.1
102.0
83.6
23.7
828.2
354.7
526.9
55.4
897.7
1,677.4
46,567.3
30.0
9,467.6
225.2
1,816.9
152.5
444.6
639.8
426.0
1,753.8
314.0
79,236.3
202.3
116.4
140.1
24,990.3
1,369.0
534.3
20.5
186.3
108.0
107.4
1,967.4
151.7
57.6
581.9
90.4
163.3
19.7
14,390.2
180.0
21.3
2,939.6
142.7
17,162.4

4.45
3.62
3.63
0.65
0.79
4.63
2.86
3.13
3.99
3.24

5.49
2.99
0.84
2.52
4.61
1.48
4.30

3.72
2.04
4.55
5.22
3.24
6.24
2.44

7.35
2.92
8.00

1,923.8
4,293.9
6,146.0
1,693.2
912.9
13,202.1
373.7
6,195.8
4,630.2
37,708.7
100.3
234.6
29,047.4
2,493.7
17,098.0
553.7
468.0
123.3
81.0
322.8
358.6
5,112.6
336.6
562.6
84,639.5
3,496.4
639.2
1,015.3
324.7
74,381.8
255.7

EIG
EITA
EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RANHILL
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL

0.880
1.310
1.350
1.170
0.605
0.435
1.250
0.155
0.220
2.320
1.510
4.300
8.900
1.690
0.430
2.600
0.065
0.280
7.670
1.130
3.020
0.010
0.375
6.500
0.790
1.000
0.255
1.850
0.330
0.320
1.850
0.260
1.450
4.230
1.020
0.590
0.185
0.300
0.280
0.685
1.620
2.340
1.610
0.160
5.470
0.835
2.200
1.400
0.740
0.720
1.720
1.150
7.310
2.150
0.385
0.070
0.170
0.255
2.010
0.750
0.075
0.835
0.780
1.390
0.100
2.190
0.465
0.560
0.910
1.120
0.065
1.280
1.540
0.260
0.170
6.720
23.320
0.055
5.600
0.160
0.215
2.810
2.330
2.540
1.050
0.155
0.375
0.645
0.750
0.450
0.125
2.330
0.185
0.225
1.060
1.200
1.360
7.360
0.740
1.580
1.360
2.460
2.500
0.115
2.220
0.355
1.450
1.570
14.040
1.630
0.305
0.125
6.650
0.790
1.270
0.500
2.720
1.000
2.640
0.910
1.180
0.520
2.000
0.685
2.430
0.440
4.220
1.000
0.035
2.690
0.890
1.590

UNCH
15
UNCH
3
-0.030
230
-0.010
202
-0.005
106.1

UNCH 5654.7

0.010
536
-0.040
124.8
-0.060 3578.8
0.100 4397.7
-0.010
184

0.010
137.3

UNCH
20
UNCH 1956.8
UNCH
25.6
-0.010
50
UNCH
260.2
UNCH
2550
-0.070 7157.4
-0.010
20

UNCH
87.5
0.040 4859.8

-0.030
56
0.010
165.6
0.010
68
0.040
3.2
0.010
63.3
UNCH
117.5
-0.005
370.1
-0.005 1796.1
UNCH
994.1
-0.020
40.1
0.010
22.5
-0.010
94
0.010
690.4
0.010
408
UNCH 3827.9
0.040 5087.2
-0.010 2752.5

0.010
932.2
0.015
542.8
UNCH
2.5
UNCH
255
-0.010 1141.1
-0.200 8163.3
0.010
99.2
0.025 2359.2
0.005
651.1
-0.005
610
-0.005 5616.5
UNCH
1282
-0.040
7.7
0.005 7356.8

UNCH 2752.5
-0.010
92
UNCH
311.2
-0.050
131.7
0.005
943.1
-0.005
55.5
UNCH
421.2
-0.030
35.7
UNCH
460
UNCH
327.1

UNCH
5898
UNCH
41.7
-0.010
80.3
0.040
714.1

UNCH
4.5
0.005
7
0.005
5
0.010
126.5
-0.070
1410
0.010
46.3
UNCH
145.5
UNCH 1656.9
0.005
220.6
UNCH
472.3

UNCH
163.9
0.010
289.5
0.010 5199.3
0.005
684.5

-0.070
616.6
-0.010
196.4
-0.040
7189

-0.030 18078.1
UNCH
24.3
0.010
28.6
0.110
2
UNCH 8103.2
-0.060
41.6
UNCH
50
0.010
844.3
-0.020
25
0.140 5024.6
UNCH
10.4
-0.015
5
UNCH 2644.2
-0.010
6633
0.005
158.5
-0.010
55.8

UNCH 2710.2
-0.020
99

0.030 1318.8
-0.035
12.5
0.180
0.1

UNCH 1822.8
-0.030
249.7
UNCH
164
-0.010
624.3
0.010 3657.3
-0.010 7067.3

9.81
1.314
8.06
1.350 24.82
1.175
8.59
0.606
4.84
0.436 22.54
10.53
0.155 38.75

2.315 27.36
1.538 60.89
4.328 19.36
8.847 23.84
1.695 10.12

2.594 14.81

0.280
7.43
7.664 18.15
1.122
8.63
3.026 13.21
0.007

0.379

6.499 57.12
0.790

41.32
0.250

1.849 10.13

0.305

1.834 11.22
0.260

1.448 83.33
4.208 32.39
1.005 12.86
0.583
2.75
0.185 59.68
0.296 20.83
0.291 28.57
0.683

1.624
9.45
2.344 14.63
1.604
3.29
0.155
8.56
5.441 22.21
0.838

10.23
1.397 11.34
0.735 11.00
0.720 146.94
1.720
5.88
1.158

7.458 12.79
2.142 26.81
0.387
6.72
0.066 11.67
0.170

0.255
3.21
2.011 47.74
0.750

0.073 41.67
13.87
0.780 13.76
1.390 14.11
0.100 11.49
2.224 25.89
0.461 15.00
0.561
8.93
0.908

1.130
9.76
0.068

1.270
8.72

0.259

0.170

6.748 16.52
23.325 28.84

0.48
5.600 17.26
0.160

0.215

2.795 21.99
2.355 65.45
2.524
3.17
1.040 25.06
0.155
9.28
0.378

0.642 19.55
25.25

8.75
0.120

2.370 20.79
0.184
6.85
0.221 10.56

4.63
1.214 32.17
1.360 29.82
7.403 23.12
22.16
1.597

1.341 29.18
2.451 13.67
2.500 18.78
0.115 10.55
2.203
4.98
0.353 95.95
1.442 19.18
1.597 11.33
13.982 16.15
1.631 20.12
0.305

0.124

6.652 35.52
0.782 77.45
1.264
6.76
83.33
18.27
12.77

6.36
0.914

1.209 14.69

2.000 93.02
0.694

2.430 138.07
20.66
4.221 25.89
1.011 11.05
0.035

2.690 12.70
0.886 112.66
1.597 18.03

AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP

13.360
2.210
3.970
10.000
9.920
4.380
1.750
3.900
8.650
4.320
0.350
1.250
13.400
10.100
14.900
2.170
0.675
0.930
0.130
2.690
0.490
15.400
1.150
2.780
8.660
1.230
3.000
1.420
1.320
19.160
0.750

-0.040
3.4
UNCH
42.1
0.010
992.7
0.050
6.3
0.020
5
-0.030 1608.8
0.050
1
-0.060
493.1
-0.040
117.2
UNCH 17374.7
UNCH
32
UNCH
16.4
-0.040 1356.9

-0.060
332.9
0.010
6
-0.005
39.7
0.015
38.5
-0.005 1893.7
UNCH
143.3
-0.010
49.5
0.020
33.5
UNCH
203

0.130 12623.9
-0.010
291.1
0.020
0.1
-0.010
154.4
0.010
84.3
UNCH 6213.8
-0.005
51.5

13.311
2.199
3.972
9.952
9.920
4.395
1.750
3.949
8.631
4.333
0.353
1.250
13.351

14.916
2.168
0.673
0.924
0.134
2.690
0.499
15.367
1.150

8.614
1.228
3.000
1.418
1.305
19.170
0.759

8.96
11.63
12.48
5.44

8.53
19.25
11.06
22.96
12.82
8.12
8.95
12.30
30.40
9.86
14.94
5.40

72.70
31.41
15.53
13.87
15.82
12.02
19.43
9.17
15.73
13.20
14.45
5.48

7
0
4
1
PROP
0
1
0
0
0
0
0
1
2
2
2
1
1
0
1
1
2
1
0
0
0
0
1
0
1
0
1
2
2
0
1
0
0
1
1
0
1
1
0
1
1
0
2
1
0
0
0
2
0
0
1
1
0
2
2
1
2
0
1
2
0
1
1
1
0
3
0
1
5
3
1
3
0
0
8
0
1
0
0
0
1
1
1
2
1
1
2
0
MINI
1
PLAN
2
18
9
1
0
9
0
8
2
11
1
1
1
2
3
0
0
5
24
3
3
0
4
1
1
0
2
4
0
1
0
4
3
0
5
2
0
1
1
2
6
27
HOTE
0
1
0
6
TECH
0
0
0
0
0
0
0
1
1
2
1
0
0
6
0
3
0
0
5
0
10
* Volu

Markets 2 7

T HURSDAY MAY 1 9 , 20 16 T HEED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET . ACE MARKET

AP
IL)
4.5
0.3
4.0
5.7
0.6
8.9
8.1
3.3
8.1
8.9
8.7
3.6
4.5
7.7
1.5
5.7
5.2
4.8
4.2
2.5
6.8
7.5
1.4
5.9
0.6
2.5
8.7
9.0
5.3
0.3
2.7
7.2
4.5
2.0
9.0
7.2
4.5
6.9
0.8
8.6
4.2
4.3
0.0
8.7
1.1
5.0
9.6
2.9
8.6
0.2
1.3
0.0
0.3
6.9
2.6
3.1
8.5
2.8
2.5
5.1
4.8
5.9
7.9
3.9
2.3
2.5
0.2
5.2
5.5
1.0
6.5
1.8
8.8
7.9
3.3
3.9
7.3
2.8
9.7
5.3
0.8
9.0
7.7
4.0
2.7
4.3
2.0
7.1
2.0
3.6
3.7
8.2
4.7
6.9
5.4
7.7
7.4
7.3
0.0
7.6
5.2
6.9
2.5
4.6
9.8
6.0
3.8
4.0
6.3
2.3
6.4
0.1
0.3
9.0
4.3
0.5
6.3
8.0
7.4
7.4
1.7
7.6
1.9
0.4
3.3
9.7
0.2
0.0
1.3
9.6
2.7
2.4
3.8
3.9
6.0
3.2
2.9
2.1
3.7
5.8
0.2
8.7
0.3
4.6
7.4
3.7
8.0
3.7
8.0
3.3
1.0
2.8
8.6
2.6
6.6
2.6
9.5
6.4
9.2
5.3
4.7
1.8
5.7

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

7.352 4.911
0.700 0.505
4.440 3.654
1.860 1.100
PROPERTIES
0.992 0.693
1.070 0.760
0.495 0.354
0.295 0.155
0.680 0.460
0.710 0.475
0.909 0.751
1.420 0.900
2.342 1.590
2.465 1.434
2.595 1.939
1.080 0.430
1.910 1.380
0.340 0.210
1.760 1.170
1.200 0.635
2.950 1.750
1.000 0.655
0.626 0.445
0.908 0.693
0.498 0.332
0.665 0.425
1.459 1.005
0.750 0.430
1.976 1.547
0.668 0.455
1.313 0.950
2.824 2.213
2.450 1.735
0.500 0.315
1.270 0.745
0.325 0.185
0.075 0.040
1.200 0.850
1.889 1.170
0.510 0.324
1.548 1.209
1.630 1.179
0.355 0.230
1.129 0.805
1.692 1.240
0.891 0.607
2.649 1.999
1.380 1.032
0.615 0.495
0.980 0.555
0.440 0.275
2.810 1.842
0.457 0.286
0.255 0.145
1.482 0.775
1.500 0.790
0.390 0.265
2.780 1.950
2.980 1.451
1.993 1.473
2.051 1.374
0.510 0.280
1.477 1.253
2.245 1.679
0.285 0.195
1.730 0.715
1.054 0.625
1.080 0.855
0.660 0.450
3.308 2.740
0.200 0.130
1.074 0.726
5.482 4.111
3.415 2.800
1.150 0.810
3.240 2.836
0.845 0.690
0.325 0.225
8.648 6.000
0.080 0.045
1.725 1.133
0.180 0.095
0.760 0.250
0.095 0.045
1.944 1.350
1.149 0.774
1.370 0.755
2.280 1.680
1.601 1.113
1.764 0.901
2.060 1.474
0.795 0.595
MINING
1.400 1.140
PLANTATIONS
2.020 1.000
18.360 16.560
9.500 7.612
1.568 1.053
0.813 0.671
9.141 7.500
0.580 0.380
8.194 6.910
2.027 1.166
11.560 8.494
1.780 1.202
1.450 0.934
1.070 0.790
2.508 1.881
3.800 2.990
0.735 0.593
0.785 0.545
5.040 3.622
24.780 19.357
3.569 2.891
3.600 2.146
0.645 0.345
4.040 2.410
1.850 1.410
1.860 1.500
0.979 0.787
2.850 1.930
4.965 3.900
0.350 0.200
1.220 0.800
0.675 0.465
4.080 3.442
3.300 2.653
0.825 0.450
5.030 3.610
2.189 1.654
0.810 0.510
1.610 1.090
1.730 1.150
2.350 1.730
6.312 5.280
27.080 23.977
HOTELS
0.753 0.497
1.420 0.840
0.345 0.205
6.966 5.270
TECHNOLOGY
0.900 0.620
0.400 0.195
0.200 0.100
0.430 0.240
0.255 0.130
0.235 0.150
0.290 0.180
1.780 1.160
1.870 0.517
2.056 1.149
1.250 0.710
0.305 0.185
0.319 0.240
6.795 3.120
0.743 0.550
3.924 2.181
0.200 0.100
0.872 0.555
5.950 3.303
0.250 0.060
10.480 5.449

5.950
0.540
4.080
1.560

5.800
0.535
3.950
1.500

1066
4898
6139
5230

0.885
1.010
0.425
0.180
0.495
0.510
0.795

1.680
1.570

0.740
1.610
0.260
1.310
0.650

0.530
0.785
0.400
0.510
1.340

1.830
0.500
1.020
2.400
2.240
0.500
1.050
0.195
0.050

1.190
0.340
1.360
1.580
0.280
1.000
1.490
0.700
2.520
1.210
0.515
0.825
0.355
2.460
0.335
0.200
1.210
0.800
0.290
2.150

1.590
1.500
0.430
1.330

0.275
1.090
0.705
0.960
0.465
3.000
0.135
0.780
4.930
3.200
0.850
3.110
0.705
0.245
6.300
0.050
1.380
0.100
0.270
0.055
1.430
1.050
1.040
2.220
1.150
1.000
1.890
0.620

0.880
1.000
0.425
0.175
0.490
0.495
0.780

1.610
1.510

0.735
1.560
0.250
1.300
0.635

0.520
0.785
0.400
0.495
1.270

1.820
0.495
1.020
2.390
2.210
0.455
1.020
0.195
0.045

1.180
0.335
1.340
1.550
0.240
0.970
1.480
0.685
2.500
1.190
0.510
0.815
0.340
2.390
0.325
0.200
1.180
0.800
0.280
1.950

1.580
1.500
0.420
1.330

0.265
1.020
0.695
0.960
0.465
2.980
0.135
0.770
4.900
3.100
0.825
3.080
0.700
0.240
6.200
0.045
1.370
0.100
0.260
0.045
1.400
1.030
1.020
2.200
1.150
1.000
1.840
0.615

1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
1503
7010
5062
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
6114
8893
6548
1651
9539
3913
5073
5827
5053
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577

1.210

1.210

2186

KUCHAI

1.870
18.000
8.690
1.510
0.715
7.900
0.450

1.400
10.600
1.440
1.300

2.350
3.500
0.700
0.665
4.250
23.320

3.360
0.550
4.020

0.910

4.110
0.260

0.525
3.800

4.250
1.920
0.705
1.160
1.680
1.980
5.900
27.000

1.830
17.800
8.500
1.470
0.715
7.900
0.445

1.370
10.360
1.420
1.300

2.300
3.370
0.700
0.665
4.120
22.780

3.340
0.545
4.010

0.910

4.070
0.255

0.525
3.800

4.180
1.900
0.695
1.160
1.660
1.940
5.880
26.800

7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
2003
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089

AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KULIM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT

1.860
17.800
8.690
1.500
0.715
7.900
0.450
7.860
1.380
10.540
1.420
1.300
0.930
2.350
3.490
0.700
0.665
4.180
23.000
3.240
3.350
0.545
4.010
1.410
1.650
0.910
2.330
4.070
0.260
1.000
0.525
3.800
3.070
0.580
4.230
1.900
0.700
1.160
1.670
1.940
5.900
27.000

0.900
0.295
5.540

0.880
0.285
5.450

5592
1643
1287
5517

GCE
LANDMRK
PMHLDG
SHANG

0.580
0.900
0.285
5.520

UNCH
-0.015
-0.030

65
654.2
963.8

0.886
0.289
5.484

0.255
0.125
0.305
0.150
0.175
0.240
1.560
1.730
1.590
0.865
0.255
0.265
3.250

2.750

0.680
4.150
0.180
7.450

0.250
0.115
0.295
0.150
0.170
0.235
1.560
1.670
1.590
0.855
0.245
0.260
3.190

2.690

0.665
4.110
0.175
7.220

7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867

AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI

0.650
0.250
0.120
0.300
0.150
0.175
0.235
1.560
1.680
1.590
0.860
0.250
0.260
3.210
0.575
2.720
0.135
0.670
4.110
0.180
7.270

-0.005
-0.005
-0.005
-0.005
0.005
-0.005
0.010
-0.030
0.010
-0.005
UNCH
UNCH
-0.060

UNCH

-0.010
UNCH
-0.005
-0.010

533.3
496.2
241.2
27
3035.3
1071.7
9
460.8
6
262.3
1905.7
167
1041.4

2000.1

801
8.6
291.5
25.3

0.250
0.122
0.300
0.150
0.172
0.236
1.560
1.682
1.590
0.861
0.252
0.264
3.223

2.722

0.670
4.122
0.179
7.285

* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

RHBCAP
TA
TAKAFUL
TUNEPRO

5.910
0.540
3.960
1.540

0.030
UNCH
-0.040
UNCH

767.7
114.3
374
2947.1

5.907
0.536
3.962
1.528

10.17

20.65
16.79

2.03
1.02
3.62
3.25

18,171.3
924.4
3,247.9
1,157.7

AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND

0.880
1.000
0.425
0.180
0.490
0.510
0.790
1.000
1.610
1.510
2.280
0.735
1.600
0.250
1.310
0.650
2.120
0.750
0.520
0.785
0.400
0.500
1.340
0.480
1.820
0.495
1.020
2.390
2.210
0.470
1.020
0.195
0.045
1.000
1.180
0.340
1.360
1.570
0.240
0.990
1.490
0.685
2.520
1.210
0.515
0.820
0.345
2.390
0.325
0.200
1.180
0.800
0.285
1.950
2.600
1.590
1.500
0.420
1.330
1.730
0.270
1.090
0.705
0.960
0.465
3.000
0.135
0.780
4.930
3.200
0.850
3.100
0.700
0.245
6.200
0.050
1.380
0.100
0.265
0.050
1.410
1.030
1.030
2.210
1.150
1.000
1.850
0.620

UNCH
50
UNCH
84
UNCH
0.9
UNCH
146.1
-0.005
40
0.030
186
-0.010
32

-0.050
61.5
UNCH
63.2

UNCH
84.2
UNCH
286.7
-0.010
604
0.010
688.5
-0.020
68

-0.010
86.4
UNCH
3.3
UNCH
6
UNCH
936.4
0.070
793.4

-0.010
85.5
-0.010
360
UNCH
2
0.020
10.5
-0.020
802.1
0.010
7013
-0.010 1238.3
-0.005
279.9
-0.005
1196

UNCH
101.5
UNCH
243.3
0.020
2.2
UNCH
608.6
-0.010
3433
-0.010
160
UNCH
116.3
0.005
63.4
0.030
124.8
-0.010
5.1
UNCH
111
-0.005
567
0.010
691.8
-0.070
336.4
-0.005 1232.1
-0.005
95
-0.020
822.2
UNCH
9.1
-0.005
723
-0.210 1162.8

0.010
80.4
0.010
168.9
-0.020
360
-0.010
6

-0.005
450.8
-0.010
7.1
0.005
17
-0.020
12
-0.005
4
0.010
11.6
UNCH
31.2
0.005
21.1
-0.020
9
0.020
233.8
0.020
292.8
-0.010
329.6
UNCH
23
0.005
350.2
-0.100
6
UNCH 1692.1
UNCH
164.8
0.005
47
-0.015
555.5
-0.005 11139.6
0.010
109
-0.010
401.8
UNCH
655.5
0.010 3186.5
UNCH
6.5
-0.020
0.5
-0.050 1262.3
UNCH
136.4

0.881
6.21
1.004 16.23
0.425

0.178
0.46
0.491
5.82
0.500
8.29
0.784 22.77

1.651 20.54
1.512
7.14
16.03
0.737

1.597 13.14
0.254
9.43
1.303 45.17
0.641

28.38
12.56
0.524
5.75
0.785
6.41
0.400
9.39
0.502
4.16
1.322
4.52

1.820
4.06
0.500 12.22
1.020 14.01
2.394 14.71
2.218
8.88
0.483 11.03
1.032 100.00
0.195
7.77
0.050

7.69
1.181
4.24
0.340
7.76
1.350
6.35
1.563 11.10
0.258

0.991
1.58
1.485
9.34
0.689
9.23
2.509
6.47
1.210 21.04
0.514

0.820
6.66
0.349
7.08
2.418
8.47
0.327
9.67
0.200

1.192
6.37
0.800
5.06
0.288

2.026 13.46
12.18
1.584
3.35
1.500 11.69
0.427

1.330 10.67

3.96
0.268

1.045 51.42
0.702 11.16
0.960
5.62
0.465

2.985
6.95
0.135

0.770 12.46
4.920
3.26
3.153 10.52
0.831 15.12
3.101
7.43
0.702 21.28
0.245 28.16
6.233 19.67
0.047 125.00
1.379
5.77
0.100

0.265 91.38
0.050

1.422
6.40
1.038
7.90
1.034 18.17
2.210
7.86
1.150 11.13
1.000
6.89
1.867 43.12
0.616 17.82

3.41
1.50
4.71
1.67

1.27

3.11
13.25
2.19

1.88

2.00
3.85
5.41
5.00

1.49

7.14
3.05
3.43
4.18
2.71

1.03

3.00
5.93
5.88
3.68
2.23

8.08
4.36
4.38
5.71
1.65

2.93
9.23

2.12

1.79
2.88
3.14
5.50

5.64
2.60

2.29
2.27
3.13

8.33

2.56
2.43
3.03

3.55
7.14
1.35
5.16

7.03

3.19
6.80
1.55
5.88
2.61
8.75

529.0
365.1
125.7
178.7
202.1
105.4
879.3
275.7
451.5
151.0
483.8
227.4
2,015.7
182.5
3,097.2
181.1
288.8
96.0
73.0
571.3
150.2
227.3
938.6
19.2
480.5
491.1
506.3
3,261.9
9,776.2
209.4
683.1
147.9
259.9
191.7
1,196.1
371.7
102.6
882.0
86.8
329.6
3,590.0
307.2
1,422.4
1,615.1
253.7
219.0
88.7
1,002.4
392.4
57.5
2,226.2
45.1
217.8
487.5
376.7
2,230.6
634.4
86.5
703.4
660.1
93.4
152.2
165.6
409.1
103.0
726.4
28.3
377.6
1,694.0
8,411.1
679.0
6,169.6
217.0
1,303.8
464.1
211.0
586.6
33.5
99.8
69.5
507.6
1,490.9
4,673.6
3,360.9
560.0
199.4
816.7
523.5

1.210

-0.020

-0.010
147.1
-0.300
6.8
UNCH
29
0.040
642.8
UNCH
5.5
UNCH
1
UNCH
58.3

-0.010 2815.6
0.040 1037.4
-0.020
19.3
-0.120
1

0.050
8
-0.010
97.7
UNCH
24.8
0.005
15.1
UNCH 13759.8
UNCH 1089.7

-0.040
13.5
-0.005
640.6
UNCH 1145.9

UNCH
19.9

-0.030
8.3
0.005
40.4

UNCH
25
-0.020
4

-0.020
74.5
UNCH
13.5
UNCH
195
UNCH
2.9
0.010
339
-0.010
23.8
0.020
10.5
-0.080
8.4

# PE is calculated based on latest 12 months reported Earnings Per Share

0.70

149.7

1.841

17.963
9.92
8.501

1.488 30.49
0.715 22.48
7.900 27.40
0.447
6.36
15.59
1.382 155.06
10.529 43.00
1.425

1.300 31.63

2.306 19.49
3.475 60.49
0.700

0.665 13.43
4.212

22.997 17.53

3.350 14.13
0.547

4.011 39.31

0.910 45.05

4.097 54.34
0.258

0.525

3.800 39.34

4.228 17.24
1.908 24.93
0.701 14.61
1.160 16.55
1.670

1.953

5.893 24.97
26.953 18.44

1.210

1.08
2.81
0.23
9.33
2.10
2.03

3.18
2.90
0.52
0.70
2.31
8.60
3.40
1.72
1.67

1.91
1.96
0.31
3.88

2.37

1.65
0.43
1.47

1.58
0.65

1.18
3.95
2.14
1.72

1.03
2.71
1.48

223.2
7,759.9
812.5
2,400.0
227.7
721.8
380.8
1,111.3
5,034.4
8,326.7
316.5
233.1
172.5
1,880.0
3,073.2
294.5
317.9
27,010.4
24,552.6
204.7
1,044.5
1,021.9
5,638.9
439.5
123.8
178.9
279.6
285.7
38.9
326.7
744.7
246.4
203.6
66.7
1,868.4
532.0
1,037.2
1,025.3
664.9
2,610.1
1,234.4
5,619.6

2850
18.74

3.45

2.54

114.3
432.7
264.7
2,428.8

39.16
10.55

28.85

16.32
8.69
46.03
11.05
53.75

10.28
15.61
63.19
14.85

6.81
6.48

9.02

4.26
3.85
1.79
5.03

1.92
3.43
3.48
2.85

10.07
0.73

3.16

32.0
125.4
52.3
296.3
57.5
89.1
182.2
280.8
347.4
288.0
560.3
172.6
125.6
904.8
58.2
2,600.8
13.9
1,391.0
176.8
150.2
1,525.9

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

1.400 0.890 1.000


1.000
0.495 0.360 0.395
0.390
0.765 0.410 0.470
0.460
0.360 0.245

0.915 0.560 0.680


0.660
0.475 0.235 0.405
0.390
0.105 0.035 0.045
0.040
2.520 1.498 2.280
2.200
3.840 2.684 3.650
3.540
0.932 0.621 0.655
0.650
INFRASTRUCTURE PROJECT COMPANIES
5.826 4.310 4.620
4.420
5.500 3.804 5.260
5.260
1.950 1.010 1.200
1.180
0.575 0.335 0.390
0.390
7.924 5.343 7.130
7.030
1.600 1.400 1.470
1.450
CLOSED-END FUNDS
2.380 2.100 2.300
2.300
EXCHANGE TRADED FUNDS
1.090 1.035

1.805 1.550

1.540 1.015

1.840 1.580 1.695


1.695
1.010 0.900

1.015 0.850

1.175 0.990 1.040


1.040
1.075 0.940

REITS
1.040 0.875 1.010
1.010
1.570 1.243 1.520
1.520
1.112 0.881 0.985
0.975
0.858 0.672 0.730
0.725
0.905 0.746 0.905
0.895
1.089 0.956 1.060
1.060
1.703 1.463 1.630
1.620
1.500 1.206 1.470
1.440
1.500 1.321 1.490
1.490
1.570 1.199 1.540
1.520
7.600 6.800 7.500
7.420
1.170 0.954 1.160
1.160
1.820 1.346 1.710
1.690
1.660 1.376 1.650
1.620
1.230 1.045 1.210
1.200
1.640 1.397 1.630
1.610
1.080 0.946 1.080
1.060
SPAC
0.705 0.650 0.695
0.690
0.695 0.595 0.695
0.690
0.475 0.415 0.455
0.450

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

5011
0083
9008
0041
7160
9075
0118
5005
0097
0008

MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW

1.000
0.395
0.470
0.290
0.680
0.405
0.040
2.220
3.540
0.650

UNCH
-0.005
UNCH

0.005
-0.005
-0.005
-0.050
-0.110
-0.005

3
105.2
95.2

161.8
16.1
587.2
603.8
87.2
246.9

1.000
0.394
0.465

0.671
0.399
0.041
2.231
3.601
0.651

16.11
7.59
18.00

9.63
18.62
8.75

4.50
0.56
3.08

60.4
106.8
183.1
70.0
99.7
43.4
48.3
1,629.1
828.0
161.2

6947
6645
6807
5078
5031
6742

DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR

4.620
5.260
1.200
0.390
7.050
1.470

0.180
-0.100
0.010
-0.005
0.020
0.010

3652.5
5
209.3
99.9
508.2
1690.4

4.547
5.260
1.192
0.390
7.115
1.463

21.88
17.92

8.67
11.59

4.55
4.75

0.95
6.80

35,920.5
2,749.8
539.1
273.6
4,058.0
11,909.3

5108

ICAP

2.300

-0.040

2.300

14.40

322.0

0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA

ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID

1.085
1.655
1.095
1.695
0.929
0.863
1.040
0.989

0.005

0.005

2.3

1.695

1.040

5.24
3.96

1.47

2.49
2.28
3.19

1,432.7
2.2
13.5
2.8
17.7
17.3
261.6
21.4

4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109

AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT

1.010
1.520
0.975
0.730
0.905
1.060
1.630
1.450
1.490
1.530
7.440
1.160
1.700
1.620
1.200
1.630
1.080

UNCH
UNCH
-0.005
UNCH
0.010
-0.010
-0.020
-0.010
-0.010
-0.010
UNCH
0.010
UNCH
-0.020
UNCH
UNCH
0.020

12
6.1
118
34
361.2
18
2.3
11.7
23.8
2039.7
990.2
180.1
1551.8
548.9
76.2
46.2
255.2

1.010
8.21
1.520 15.82
0.982 38.24
0.727
7.33
0.900
8.69
1.060
8.63
1.627 18.23
1.451 12.13
1.490 136.70
1.532 20.65
7.440 11.83
1.160 10.82
1.700 18.10
1.632
8.50
1.210 11.99
1.630
6.25
1.063 85.04

6.93
5.07
1.23
6.99
6.93
7.41
5.15
5.93
7.05
5.27
4.69
3.59
4.84
5.62
5.78
6.76
7.08

101.0
1,106.9
565.5
501.1
518.8
129.1
1,792.7
2,941.1
596.9
5,329.5
13,431.7
767.2
5,133.7
4,769.1
336.6
689.3
1,430.3

CLIQ
REACH
SONA

0.690
0.690
0.455

UNCH
UNCH
0.005

251.9
2271
1985

0.690
0.690
0.451

435.3
881.7
641.9

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

5234
5256
5241

Ace Market
YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.450 0.225 0.400
0.290 0.095 0.260
0.429 0.240 0.270
0.075 0.045 0.050
INDUSTRIAL PRODUCTS
0.345 0.175 0.275
0.115 0.050 0.055
0.610 0.390 0.415
0.273 0.094 0.120
0.605 0.260 0.560
0.065 0.040 0.040
0.880 0.355 0.455
0.125 0.070 0.100
0.330 0.110 0.180
0.165 0.085 0.095
0.200 0.120 0.155
0.150 0.065 0.075
0.500 0.293 0.420
0.195 0.105 0.170
0.205 0.160 0.190
0.155 0.085 0.140
0.210 0.120 0.190
0.415 0.115 0.135
0.270 0.165 0.220
TECHNOLOGY
0.250 0.100 0.200
0.615 0.270 0.305
0.270 0.100 0.150
1.600 0.255 0.280
0.015 0.005

1.310 0.805 0.840


0.095 0.005

0.090 0.045 0.050


0.115 0.050 0.055
0.150 0.060 0.100
0.415 0.190 0.290
0.095 0.045 0.060
0.315 0.120 0.125
0.060 0.035 0.040
0.150 0.080 0.090
0.155 0.060 0.065
1.854 0.460 0.595
0.150 0.035 0.040
0.305 0.150 0.160
0.854 0.523

0.675 0.225 0.565


0.670 0.180 0.250
0.080 0.040 0.070
0.385 0.100 0.215
0.250 0.105 0.245
0.100 0.050 0.070
0.970 0.460

1.950 0.610 1.410


0.588 0.281 0.545
0.110 0.060

0.080 0.055 0.065


0.859 0.451 0.505
0.300 0.175 0.220
0.365 0.180 0.225
0.195 0.075 0.150
1.058 0.599 0.800
0.070 0.025 0.040
0.135 0.050 0.060
0.215 0.085 0.110
0.951 0.536 0.740
0.333 0.270 0.310
0.730 0.165 0.455
0.110 0.030 0.095
0.385 0.150 0.195
0.150 0.060 0.070
0.728 0.313 0.560
0.125 0.030 0.040
0.644 0.307 0.400
0.160 0.065 0.075
0.470 0.170 0.205
0.175 0.065 0.085
0.450 0.276 0.420
0.180 0.080 0.125
0.368 0.150 0.170
0.160 0.100 0.115
0.310 0.140 0.200
0.370 0.075 0.330
0.185 0.065 0.085
0.390 0.025

0.300 0.110 0.125


0.560 0.451 0.545
TRADING SERVICES
0.300 0.150 0.205
0.170 0.095 0.100
0.090 0.040 0.045
0.316 0.196 0.290
0.295 0.180 0.250
0.600 0.350 0.445
0.760 0.300 0.745
0.475 0.260 0.335
0.250 0.155 0.205
0.240 0.140 0.180
0.245 0.120 0.190
0.400 0.280

0.303 0.168 0.250


0.025 0.005 0.010
0.290 0.130 0.245
0.800 0.500 0.505
0.970 0.480 0.550
2.670 1.700 2.080
0.283 0.195 0.220
0.480 0.325 0.480
0.055 0.030 0.035
1.490 0.450 1.180
0.225 0.100 0.160
0.705 0.110 0.130
FINANCE
0.570 0.390 0.420

DAY
LOW

CODE

COUNTER

0.375
0.245
0.260
0.045

0179
0170
0148
0095

BIOHLDG
KANGER
SUNZEN
XINGHE

0.395
0.250
0.260
0.045

0.015 15520.8
-0.010 8474.7
-0.005
394.1
-0.005 9387.5

0.390
0.252
0.262
0.045

25.32
14.97

1.33

1.77
2.22

197.5
189.3
124.6
105.7

0.260
0.055
0.405
0.105
0.550
0.040
0.425
0.095
0.165
0.090
0.145
0.075
0.410
0.165
0.175
0.135
0.170
0.130
0.210

0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084

ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST

0.270
0.055
0.405
0.105
0.550
0.040
0.425
0.100
0.175
0.090
0.155
0.075
0.410
0.170
0.175
0.140
0.175
0.130
0.220

-0.005
Unch
-0.010
-0.015
-0.010
Unch
-0.015
Unch
Unch
Unch
0.015
Unch
-0.015
-0.005
-0.015
Unch
-0.035
-0.005
Unch

0.269
0.055
0.408
0.112
0.551
0.040
0.442
0.096
0.171
0.093
0.149
0.075
0.413
0.169
0.182
0.136
0.177
0.130
0.218

11.30

24.40
8.40
16.52

14.91

10.25
16.50
15.91
11.48

14.67

2.22

0.74

0.78

5.56

1.71

2.86

2.27

71.4
23.8
158.9
22.7
113.0
32.0
131.2
33.3
23.7
102.9
37.5
20.9
91.4
25.6
50.1
34.0
97.2
28.0
37.6

0.200
0.285
0.130
0.280

0.815

0.050
0.055
0.095
0.285
0.060
0.120
0.035
0.085
0.060
0.580
0.040
0.155

0.535
0.240
0.060
0.205
0.230
0.065

1.320
0.530

0.060
0.495
0.210
0.215
0.135
0.785
0.040
0.055
0.105
0.670
0.300
0.450
0.085
0.185
0.065
0.550
0.035
0.380
0.070
0.205
0.075
0.415
0.115
0.165
0.115
0.195
0.315
0.080

0.125
0.535

0018
0181
0119
0068
0039
0098
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0094
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0034
0113
0103
0156
0092
0108
0020
0096
0026
0035
0040
0079
0005
0123
0007
0106
0135
0178
0060
0117
0169
0093
0129
0050
0132
0120
0069
0066
0141
0086
0009

ACCSOFT
AEMULUS
APPASIA
ASDION
ASIAEP
BAHVEST
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INIX
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMAG
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OPCOM
OPENSYS
ORION
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SKH
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
VIS
VIVOCOM
VSOLAR
WINTONI
YGL
YTLE

0.200
0.290
0.150
0.280
0.010
0.830
0.005
0.050
0.055
0.095
0.285
0.060
0.120
0.035
0.090
0.060
0.580
0.040
0.155
0.610
0.565
0.245
0.060
0.210
0.240
0.065
0.610
1.320
0.535
0.070
0.060
0.500
0.220
0.215
0.145
0.800
0.040
0.055
0.105
0.730
0.300
0.450
0.090
0.185
0.070
0.550
0.035
0.390
0.075
0.205
0.080
0.415
0.115
0.165
0.115
0.200
0.320
0.085
0.025
0.125
0.540

-0.005
151.9
-0.015 2552.7
0.005
170.1
Unch
10

-0.025
28.1

-0.005
140
0.005
200
Unch
1330
-0.005
165
Unch
50
Unch 2453.7
-0.005
103
Unch
284.6
Unch
357
-0.020 7954.4
Unch
865
-0.005 8759.7

Unch
1630
-0.005 1024.4
-0.005 1316.3
0.005 3030.5
Unch 3101.6
-0.005
399.9

-0.100
407.2
0.005
588.7

Unch
400
0.005
123.5
-0.010
2.1
-0.010 2639.3
0.010 44895.9
0.010
11
-0.005
1429
-0.005
1191
-0.005 2125.1
0.060 4880.4
-0.010 2004.6
-0.015
732.4
-0.005 3711.1
-0.005
786
0.005
261.8
-0.010
28.4
-0.005
1079
0.010 1731.1
0.005 13190.1
0.005
160
0.005 3472.2
-0.005 1076.7
-0.010
352
-0.005
1214
Unch
60
-0.010 1500.2
-0.010 69546.6
Unch
875.2

Unch
40
-0.005
390.2

0.200

0.290 11.33
0.142

0.280

0.824 230.56

0.050

0.055 78.57
0.096

0.287 25.22
0.060

0.121
5.61
0.037 12.96
0.089

0.061

0.587 14.68
0.040

0.159

27.98
0.550 10.76
0.245
9.61
0.065

0.209 16.28
0.239

0.067

18.10
1.353 18.75
0.538 16.82

0.060

0.502 10.08
0.211

0.220

0.143

0.795 37.74
0.040

0.056
3.57
0.105 150.00
0.712 13.39
0.303 11.49
0.452

0.090 12.16
0.190 34.91
0.066 33.33
0.554 14.03
0.036

0.391 31.71
0.074

0.205

0.080

0.416 15.09
0.119

0.165 40.24
0.115

0.197

0.322 22.07
0.085

0.125

0.539 20.93

1.72

1.64

2.04

2.06

4.00

2.50

2.74
2.93

1.08

3.64

2.41

3.64

7.41

128.1
127.3
42.2
32.6
8.1
360.0
0.5
24.5
74.6
141.6
241.3
43.1
42.2
10.1
23.7
29.7
352.8
16.7
346.0
76.9
69.5
115.8
44.3
49.8
47.4
12.8
57.4
200.8
163.7
13.1
57.2
81.5
20.8
152.8
33.6
381.1
50.0
103.6
62.6
117.7
89.4
54.5
28.8
103.3
75.8
104.1
7.0
78.0
41.6
58.5
25.6
83.0
13.9
52.4
43.2
22.1
827.9
25.8
12.8
24.2
729.0

0.205
0.100
0.040
0.285
0.215
0.445
0.745
0.330
0.175
0.170
0.185

0.245
0.010
0.225
0.505
0.550
2.080
0.205
0.480
0.035
1.120
0.145
0.125

0122
0048
0150
0011
0157
0081
0147
0180
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165

AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
KTC
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX

0.205
0.100
0.045
0.290
0.250
0.445
0.745
0.335
0.190
0.180
0.190
0.300
0.245
0.010
0.245
0.505
0.550
2.080
0.205
0.480
0.035
1.120
0.145
0.125

-0.015
-0.005
Unch
Unch
0.020
0.005
0.050
Unch
-0.015
-0.015
Unch

-0.010
Unch
0.015
-0.005
Unch
-0.010
Unch
Unch
Unch
-0.050
-0.015
-0.005

8
20
2989.5
130
6.5
70
15
2162.7
285.5
156
88.1

62
1165
1010.4
52
61
4
1194.4
5
415.4
214
409.4
2524

0.205
0.100
0.040
0.288
0.238
0.445
0.745
0.334
0.188
0.174
0.187

0.250
0.010
0.236
0.505
0.550
2.080
0.211
0.480
0.035
1.142
0.149
0.128

82.00

15.59
31.25
18.02
35.14
20.30
7.57

73.08

13.17

33.74
13.95
26.28

25.51
55.77
10.87

2.17
4.00

1.67

2.86

0.40

2.40
7.32
6.25

0.45

54.5
47.3
39.0
73.1
41.3
84.3
103.1
170.9
34.0
44.1
61.7
14.6
50.7
9.7
35.1
382.5
74.1
88.9
84.5
118.8
34.6
191.3
29.7
69.6

0.420

0053

OSKVI

0.420

-0.040

2.5

0.420

4.76

83.0

3090.5
4.5
273.7
4764.8
240.5
530
3093.3
2367.2
1857.8
511.2
929.7
10
754.2
560
3086.5
379.5
1749.7
720
225

28 Markets

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

T HU

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


Main Market & Ace Market Warrants
YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

0.335
0.085
0.130
0.095
0.150
0.130
0.830
0.355
0.295
0.135
0.445
0.255
0.375
0.210
0.225
0.105
0.120
0.095
0.180
0.075
0.100
0.050
0.135
0.075
0.130
0.950
0.040
0.175
0.055
0.180
0.065
0.125
0.150
0.380
0.150
0.210
0.485
0.310
0.135
0.100
0.105
0.175
0.161
0.105
0.185
1.330
0.285
0.505
0.220
0.140
0.290
0.120
0.100
0.120
0.155
0.265
0.460
0.065
0.125
0.225
0.105
0.110
0.255
0.420
0.065
0.105
0.110
0.050
0.215
0.115
0.210
0.380
0.090
0.620
0.315
1.470
0.815
0.065
0.820
0.860
0.230
0.790
0.120
0.125
0.290
0.405
0.190
0.135
0.245
0.200
0.090
0.075
0.045
0.265
0.190
0.395
0.545
0.130
0.155
0.215
0.210
0.590
0.640
0.625
0.675
0.080
0.210
0.030
0.030
0.255
1.160
0.395
0.155
3.200
0.250
0.580
0.505
0.220
0.220
2.380
0.265
0.100
0.090

0.035
0.020
0.050
0.005
0.045
0.060
0.090
0.085
0.060
0.030
0.185
0.060
0.125
0.110
0.125
0.005
0.040
0.015
0.050
0.070
0.010
0.025
0.100
0.065
0.010
0.140
0.015
0.095
0.025
0.100
0.020
0.030
0.050
0.150
0.005
0.080
0.225
0.090
0.060
0.070
0.050
0.095
0.060
0.065
0.075
0.410
0.070
0.255
0.085
0.050
0.140
0.005
0.020
0.020
0.035
0.125
0.255
0.020
0.005
0.015
0.030
0.065
0.165
0.215
0.015
0.030
0.005
0.005
0.055
0.035
0.055
0.110
0.020
0.340
0.120
0.185
0.390
0.020
0.180
0.235
0.060
0.045
0.005
0.020
0.030
0.135
0.075
0.060
0.130
0.085
0.025
0.030
0.030
0.040
0.020
0.170
0.280
0.020
0.075
0.150
0.160
0.070
0.030
0.075
0.060
0.040
0.095
0.005
0.010
0.145
0.805
0.085
0.045
1.500
0.045
0.185
0.065
0.090
0.105
0.530
0.125
0.020
0.010

0.335
0.045
0.095
0.005
0.045
0.125
0.825
0.355
0.295
0.135
0.445
0.255
0.375
0.210
0.225
0.085
0.080
0.020
0.100
0.070
0.015
0.030
0.105
0.065
0.015
0.170
0.020
0.175
0.045
0.110
0.025
0.030
0.060
0.350
0.010
0.150
0.335
0.135
0.120
0.095
0.050
0.140
0.070
0.085
0.080
1.000
0.095
0.475
0.105
0.055
0.155
0.005
0.050
0.020
0.035
0.180
0.355
0.030
0.005
0.020
0.050
0.095
0.175
0.265
0.040
0.060
0.010
0.010
0.095
0.040
0.075
0.185
0.045
0.405
0.160
1.270
0.490
0.030
0.805
0.395
0.205
0.055
0.005
0.020
0.040
0.165
0.085
0.070
0.145
0.095
0.030
0.035
0.035
0.100
0.040
0.225
0.390
0.035
0.115
0.195
0.190
0.095
0.070
0.125
0.460
0.040
0.115
0.010
0.015
0.160
0.985
0.210
0.050
2.700
0.115
0.405
0.310
0.145
0.135
1.820
0.175
0.035
0.015

0.310
0.040
0.095
0.005
0.045
0.120
0.825
0.345
0.290
0.115
0.435
0.240
0.355
0.195
0.205
0.070
0.070
0.020
0.095
0.070
0.015
0.025
0.100
0.065
0.010
0.170
0.020
0.165
0.035
0.110
0.025
0.030
0.060
0.340
0.010
0.145
0.320
0.130
0.120
0.085
0.050
0.140
0.070
0.085
0.080
1.000
0.080
0.425
0.095
0.050
0.140
0.005
0.050
0.020
0.035
0.170
0.335
0.030
0.005
0.020
0.050
0.095
0.170
0.250
0.035
0.055
0.010
0.005
0.060
0.035
0.055
0.180
0.045
0.395
0.155
1.180
0.485
0.030
0.770
0.380
0.190
0.045
0.005
0.020
0.035
0.150
0.080
0.060
0.140
0.095
0.030
0.035
0.035
0.080
0.035
0.225
0.365
0.030
0.110
0.185
0.185
0.095
0.065
0.115
0.450
0.040
0.115
0.010
0.015
0.160
0.970
0.200
0.050
2.510
0.105
0.370
0.275
0.145
0.125
1.740
0.175
0.035
0.015

CODE
5238WA
7086WA
0018WA
6599CE
5185CT
7315WB
509924
509927
509928
509929
509930
509931
509932
509933
509934
9342WA
9342WB
5194WA
0119WA
52815
521011
521014
521015
521016
5210C6
0068WB
0150WA
0105WA
7070WB
7099WB
0072WA
6888C5
6888C8
7078WA
4162CE
7241WA
5258WA
6998WA
5248CK
5248CM
3395CZ
3395WB
7036WB
7036WC
9938WB
7174WA
0163WA
7076WA
5195WB
102310
102311
2852CN
0051WA
5141CT
5141CW
7212WA
7277WA
694711
6947C7
6947C9
0029WA
7114WA
5265WA
7169WA
7198WA
7198WB
161916
161918
161919
161920
161921
3417WB
0154WB
8206WA
0107WA
0065WA
8907WC
7182WA
8877WB
7249WA
7047WB
65028
0650C3
65034
65038
65046
65048
65050
65052
65054
65056
65058
65062
65037
65043
65049
65051
65053
65059
65061
65067
0650HU
0650HV
0650HW
8605WB
522210
9318WB
0109WA
0109WB
539826
5398WE
5226WA
471512
2291WA
318224
318225
318227
318228
318229
3182WA
1147WA
0074WA
7022CG

WARRANTS
AAX-WA
ABLEGRP-WA
ACCSOFT-WA
AEON-CE
AFFIN-CT
AHB-WB
AIRASIAC24
AIRASIAC27
AIRASIAC28
AIRASIAC29
AIRASIAC30
AIRASIAC31
AIRASIAC32
AIRASIAC33
AIRASIAC34
ANZO-WA
ANZO-WB
APFT-WA
APPASIA-WA
APPLE-C15
ARMADA-C11
ARMADA-C14
ARMADA-C15
ARMADA-C16
ARMADA-C6
ASDION-WB
ASIABIO-WA
ASIAPLY-WA
ASUPREM-WB
ATTA-WB
AT-WA
AXIATA-C5
AXIATA-C8
AZRB-WA
BAT-CE
BHS-WA
BIMB-WA
BINTAI-WA
BJAUTO-CK
BJAUTO-CM
BJCORP-CZ
BJCORP-WB
BORNOIL-WB
BORNOIL-WC
BRIGHT-WB
CAB-WA
CAREPLS-WA
CBIP-WA
CENSOF-WB
CIMB-C10
CIMB-C11
CMSB-CN
CUSCAPI-WA
DAYANG-CT
DAYANG-CW
DESTINI-WA
DIALOG-WA
DIGI-C11
DIGI-C7
DIGI-C9
DIGISTA-WA
DNONCE-WA
DOLPHIN-WA
DOMINAN-WA
DPS-WA
DPS-WB
DRBHCOMC16
DRBHCOMC18
DRBHCOMC19
DRBHCOMC20
DRBHCOMC21
E&O-WB
EAH-WB
ECOWLD-WA
EDUSPEC-WA
EFORCE-WA
EG-WC
EKA-WA
EKOVEST-WB
EWEIN-WA
FAJAR-WB
FBMKLCI-C28
FBMKLCI-C3
FBMKLCI-C34
FBMKLCI-C38
FBMKLCI-C46
FBMKLCI-C48
FBMKLCI-C50
FBMKLCI-C52
FBMKLCI-C54
FBMKLCI-C56
FBMKLCI-C58
FBMKLCI-C62
FBMKLCI-H37
FBMKLCI-H43
FBMKLCI-H49
FBMKLCI-H51
FBMKLCI-H53
FBMKLCI-H59
FBMKLCI-H61
FBMKLCI-H67
FBMKLCI-HU
FBMKLCI-HV
FBMKLCI-HW
FFHB-WB
FGV-C10
FITTERS-WB
FLONIC-WA
FLONIC-WB
GAMUDA-C26
GAMUDA-WE
GBGAQRS-WA
GENM-C12
GENP-WA
GENTINGC24
GENTINGC25
GENTINGC27
GENTINGC28
GENTINGC29
GENTING-WA
GOB-WA
GOCEAN-WA
GTRONIC-CG

CLOSE
(RM)

+/(RM)

0.315
0.040
0.095
0.005
0.045
0.125
0.825
0.345
0.290
0.115
0.435
0.245
0.355
0.200
0.210
0.070
0.070
0.020
0.095
0.070
0.015
0.030
0.100
0.065
0.015
0.170
0.020
0.165
0.045
0.110
0.025
0.030
0.060
0.350
0.010
0.150
0.335
0.130
0.120
0.095
0.050
0.140
0.070
0.085
0.080
1.000
0.085
0.475
0.105
0.050
0.155
0.005
0.050
0.020
0.035
0.175
0.355
0.030
0.005
0.020
0.050
0.095
0.175
0.265
0.035
0.060
0.010
0.010
0.090
0.040
0.075
0.185
0.045
0.395
0.160
1.230
0.485
0.030
0.770
0.385
0.200
0.055
0.005
0.020
0.040
0.165
0.080
0.070
0.145
0.095
0.030
0.035
0.035
0.085
0.035
0.225
0.365
0.035
0.110
0.185
0.185
0.095
0.065
0.120
0.455
0.040
0.115
0.010
0.015
0.160
0.970
0.205
0.050
2.660
0.115
0.400
0.310
0.145
0.135
1.770
0.175
0.035
0.015

-0.020
-0.005
Unch
Unch
-0.005
Unch
-0.005
-0.010
0.020
-0.005
Unch
-0.005
-0.015
-0.005
-0.005
Unch
Unch
Unch
-0.005
Unch
Unch
0.005
Unch
Unch
Unch
-0.010
-0.005
-0.005
0.005
0.010
Unch
-0.005
Unch
-0.005
Unch
0.005
Unch
-0.010
0.005
Unch
Unch
Unch
Unch
Unch
-0.005
Unch
-0.010
Unch
0.005
Unch
0.005
Unch
Unch
-0.020
-0.010
-0.005
0.020
0.005
-0.010
0.005
0.005
Unch
-0.005
-0.010
-0.010
Unch
Unch
0.005
0.025
0.005
0.015
Unch
Unch
-0.010
Unch
-0.050
-0.010
Unch
-0.035
-0.005
-0.005
-0.005
Unch
-0.005
Unch
Unch
-0.005
Unch
Unch
Unch
Unch
Unch
Unch
-0.005
Unch
-0.025
-0.025
Unch
Unch
Unch
Unch
Unch
-0.010
0.005
-0.010
-0.005
Unch
Unch
Unch
Unch
-0.015
Unch
-0.010
0.170
Unch
0.005
0.020
-0.005
0.010
Unch
Unch
Unch
Unch

VOL PARENT
EXE
(000)
PRICE PRICE
106667
107.6
80
50
50
1101
10
105
150
1403.3
102
3809.5
980
2027.2
3920.2
3872.8
530.2
45
105.1
0.2
500
2400
240
20
400
30
40.1
3903.4
2
30.1
100
50
151.5
287.2
102
533.6
250.9
24.7
10
880
110.1
193.3
320
250
360
19.5
229
18.6
52.6
590
200
100
283.8
500
33.3
998
237.7
180
500.3
170
890.4
839
784.5
15.5
708.5
3961.3
283.9
2213
2948.4
2100
11447.8
33.2
63.8
92.8
245
1192.1
122.9
2686.3
900.8
461.1
2219
649.2
59.9
81.9
522
1191.1
1369.5
2048
305
123.6
55
140
60
4597.4
1425.4
300
65.4
1365
410
974.4
150
100
325.5
6036.5
67
1000
85
287.8
50
33.9
2446.1
998.7
160
63.3
122
4841.2
157
479.6
21
2520.9
159.9
77.1
693.9

PRM
(%)

0.400 0.460
93.75
0.115 0.150
65.22
0.200 0.100
-2.50
2.800 3.150
13.04
2.210 2.400
10.63
0.215 0.200
51.16
2.280 1.050
0.33
2.280 1.280
1.54
2.280 1.480
3.07
2.280 2.000
0.33
2.280 2.000
25.88
2.280 1.500
1.25
2.280 1.500
4.71
2.280 2.100
14.04
2.280 2.000
15.35
0.280 0.250
14.29
0.280 0.250
14.29
0.050 0.400 740.00
0.150 0.130
50.00
375.65 482.52
37.77
0.725 1.000
42.07
0.725 0.950
39.31
0.725 0.800
24.14
0.725 0.800
25.59
0.725 1.000
42.07
0.280 0.500 139.29
0.045 0.100 166.67
0.270 0.100
-1.85
0.120 0.200 104.17
0.530 1.000 109.43
0.055 0.120 163.64
5.420 6.500
22.14
5.420 5.850
11.25
0.730 0.700
43.84
49.080 57.000
17.16
0.450 0.600
66.67
3.900 4.720
29.62
0.245 0.200
34.69
2.290 2.000
0.44
2.290 2.100
8.30
0.365 0.370
15.07
0.365 1.000 212.33
0.145 0.100
17.24
0.145 0.100
27.59
0.305 0.820 195.08
1.580 0.550
-1.90
0.405 0.320
0.00
2.190 2.400
31.28
0.250 0.460 126.00
4.320 4.800
16.90
4.320 4.500
15.65
3.230 5.000
56.04
0.120 0.270 166.67
1.120 1.580
48.21
1.120 1.500
41.74
0.605 0.400
-4.96
1.540 1.190
0.32
4.620 5.400
19.48
4.620 5.000
9.09
4.620 5.100
11.47
0.175 0.130
2.86
0.245 0.250
40.82
0.675 0.800
44.44
1.140 1.300
37.28
0.110 0.540 422.73
0.110 0.100
45.45
0.945 1.400
50.26
0.945 1.300
40.21
0.945 1.000
15.34
0.945 1.100
26.98
0.945 0.950
12.43
1.600 2.600
74.06
0.095 0.120
73.68
1.310 2.080
88.93
0.285 0.180
19.30
1.680 0.680
13.69
0.840 0.500
17.26
0.120 0.200
91.67
1.660 1.350
27.71
0.975 0.610
2.05
0.590 0.700
52.54
1,635 1,670
2.94
1,635 1,708
4.90
1,635 1,660
2.35
1,635 1,690
4.54
1,635 1,640
3.29
1,635 1,600
1.24
1,635 1,650
3.87
1,635 1,570
2.19
1,635 1,595
1.58
1,635 1,710
5.83
1,635 1,730
7.26
1,635 1,700
5.43
1,635 1,680
6.34
1,635 1,600
-0.69
1,635 1,600
1.95
1,635 1,680
9.40
1,635 1,570
-2.52
1,635 1,650
5.58
1,635 1,710
12.46
1,635 1,700
11.85
1,635 1,688
7.90
1,635 1,658
4.60
1,635 1,700
8.82
0.990 0.500
-3.54
1.380 1.550
23.33
0.435 1.000 156.32
0.040 0.050
50.00
0.040 0.050
62.50
4.710 4.500
5.73
4.710 4.050
6.58
0.880 1.300
71.02
4.300 4.250
2.33
10.540 7.750
-1.23
8.900 8.000
0.22
8.900 7.000
1.12
8.900 7.400
0.56
8.900 7.800
7.19
8.900 9.300
17.39
8.900 7.960
9.33
0.500 0.800
95.00
0.090 0.340 316.67
3.210 6.300
99.07

EXPIRY
DATE
08/06/2020
19/01/2017
18/01/2019
30/06/2016
30/09/2016
28/08/2019
31/05/2016
28/10/2016
28/10/2016
31/05/2016
31/01/2017
15/08/2016
30/09/2016
28/10/2016
28/02/2017
19/11/2019
25/08/2023
13/07/2018
23/12/2024
26/01/2017
07/10/2016
30/09/2016
28/02/2017
30/11/2016
30/08/2016
24/03/2019
19/04/2024
13/12/2020
20/06/2018
09/05/2022
29/01/2019
28/10/2016
31/01/2017
13/05/2024
29/07/2016
18/10/2020
04/12/2023
15/06/2020
31/05/2016
28/11/2016
31/10/2016
22/04/2022
28/02/2018
08/11/2025
12/01/2019
08/02/2020
09/08/2016
06/11/2019
07/10/2019
10/08/2016
30/08/2016
08/06/2016
24/04/2018
28/11/2016
07/10/2016
03/10/2016
10/02/2017
28/10/2016
18/07/2016
30/09/2016
07/02/2017
25/11/2020
29/03/2021
10/09/2020
03/01/2018
15/01/2025
30/08/2016
29/07/2016
30/11/2016
30/11/2016
15/12/2016
21/07/2019
24/02/2019
26/03/2022
24/12/2018
17/07/2019
03/11/2020
22/01/2019
25/06/2019
09/06/2017
24/09/2019
31/05/2016
30/06/2016
30/06/2016
30/06/2016
29/07/2016
30/08/2016
30/08/2016
30/08/2016
30/09/2016
31/10/2016
31/10/2016
30/11/2016
30/06/2016
29/07/2016
29/07/2016
29/07/2016
30/08/2016
30/09/2016
31/10/2016
30/11/2016
30/06/2016
30/06/2016
29/07/2016
30/03/2017
30/09/2016
12/10/2019
16/06/2017
06/11/2019
30/11/2016
06/03/2021
20/07/2018
31/05/2016
17/06/2019
08/06/2016
18/07/2016
31/05/2016
23/11/2016
30/11/2016
18/12/2018
24/12/2019
07/08/2019
30/09/2016

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

0.710
0.580
0.315
0.245
6.200
0.460
1.510
0.255
0.880
0.345
0.550
0.840
1.210
0.630
1.000
1.490
1.180
1.410
0.550
0.920
1.350
0.540
0.835
1.650
0.735
0.600
0.915
0.880
1.740
0.230
0.010
0.030
0.360
0.235
0.460
0.140
0.170
0.355
0.435
0.325
0.110
3.552
2.320
0.365
0.155
0.225
0.180
0.175
0.155
0.090
0.935
0.370
0.075
3.000
0.025
1.280
0.300
0.050
0.025
0.865
0.165
0.195
0.585
0.700
1.140
0.640
0.700
0.450
0.270
0.050
0.050
0.470
0.120
0.130
0.120
0.350
0.220
0.105
0.100
0.185
0.320
0.170
0.105
0.330
0.235
0.160
0.320
0.545
0.105
0.255
0.405
0.040
0.370
0.485
0.225
0.120
0.210
0.080
0.150
0.780
0.605
1.260
0.360
0.240
0.530
0.240
0.035
0.090
0.465
0.360
0.180
0.235
0.100
0.145
0.065
0.035
0.065
0.080
0.125
0.240
0.195
0.375
0.470
0.095
0.100
0.385
0.260
0.120

0.145
0.165
0.220
0.200
2.650
0.295
0.625
0.025
0.370
0.220
0.005
0.020
0.115
0.160
0.375
0.705
0.550
0.965
0.200
0.405
0.735
0.220
0.375
0.580
0.190
0.330
0.500
0.630
1.180
0.060
0.005
0.020
0.155
0.160
0.245
0.085
0.130
0.100
0.085
0.050
0.050
2.075
0.813
0.150
0.065
0.050
0.125
0.005
0.030
0.035
0.120
0.105
0.030
0.850
0.010
0.350
0.035
0.005
0.010
0.260
0.065
0.090
0.130
0.470
0.380
0.260
0.300
0.215
0.150
0.025
0.025
0.240
0.085
0.045
0.085
0.130
0.100
0.055
0.060
0.110
0.110
0.035
0.040
0.160
0.115
0.075
0.155
0.040
0.050
0.100
0.130
0.010
0.110
0.210
0.115
0.030
0.010
0.025
0.030
0.280
0.235
0.500
0.115
0.025
0.020
0.075
0.010
0.020
0.120
0.120
0.045
0.085
0.035
0.085
0.020
0.010
0.020
0.020
0.045
0.150
0.100
0.060
0.255
0.010
0.010
0.095
0.005
0.030

0.655
0.550
0.245
0.200
5.940
0.310
0.970
0.150
0.400
0.230
0.005
0.045
0.140
0.200
0.420
0.780
0.595
0.990
0.220
0.435
0.790
0.225
0.400
1.020
0.330
0.550
0.850
0.830
1.680
0.070
0.005
0.025
0.185
0.220
0.330
0.105
0.130
0.105
0.095
0.050
0.050
2.370
1.150
0.175
0.065
0.075
0.125
0.015
0.150
0.035
0.465
0.150
0.030
2.120
0.020
1.270
0.060
0.025
0.020
0.725
0.085
0.135
0.265
0.640
0.380
0.350
0.550
0.385
0.185
0.030
0.035
0.275
0.085
0.100
0.085
0.200
0.140
0.055
0.060
0.110
0.140
0.040
0.055
0.200
0.150
0.085
0.250
0.060
0.070
0.100
0.250
0.020
0.240
0.325
0.140
0.070
0.015
0.030
0.030
0.760
0.605
0.880
0.305
0.090
0.265
0.140
0.020
0.065
0.320
0.190
0.060
0.100
0.040
0.100
0.020
0.020
0.025
0.040
0.065
0.185
0.185
0.075
0.290
0.080
0.025
0.140
0.055
0.055

0.655
0.550
0.245
0.200
5.920
0.310
0.960
0.095
0.390
0.230
0.005
0.020
0.115
0.170
0.385
0.740
0.560
0.980
0.200
0.410
0.750
0.225
0.395
0.970
0.310
0.550
0.830
0.820
1.670
0.060
0.005
0.020
0.165
0.200
0.330
0.095
0.130
0.105
0.085
0.050
0.050
2.370
1.120
0.170
0.065
0.060
0.125
0.010
0.110
0.035
0.390
0.135
0.030
2.100
0.015
1.200
0.055
0.010
0.015
0.715
0.075
0.130
0.260
0.600
0.380
0.345
0.550
0.380
0.185
0.030
0.030
0.250
0.085
0.100
0.085
0.200
0.135
0.055
0.060
0.110
0.125
0.040
0.045
0.190
0.130
0.085
0.225
0.060
0.065
0.100
0.245
0.020
0.130
0.305
0.140
0.070
0.015
0.030
0.030
0.750
0.565
0.880
0.285
0.090
0.195
0.135
0.015
0.050
0.320
0.185
0.055
0.090
0.035
0.100
0.020
0.015
0.020
0.040
0.060
0.180
0.180
0.075
0.285
0.070
0.025
0.130
0.045
0.055

CODE
3034CN
3034CO
3034CR
3034CS
3034WA
2062WC
5095WB
5072WA
5169WA
7213WB
65118
65119
65120
65121
65122
65123
65124
65126
65130
65132
65134
65136
65138
65127
65129
65135
65137
65141
65145
6238CD
7013WB
9601WD
4251WA
9687WB
0081WA
5225CZ
3336CZ
0166CI
0166CJ
0166CM
0166CQ
0166WA
0166WB
3379WB
196111
1961C9
5249CK
0010WA
5175WA
0024WA
7167WA
4383CE
4383CI
7216WA
3115WC
7161WA
3565WE
8303WA
0036WA
5171WA
7164WA
7164WB
7017WB
5878WB
5038WA
8494WA
5789WA
5789WB
7126WA
5068WA
5068WB
7617WB
8583C1
8583C2
8583C3
8583WB
8583WC
5264CL
5264CM
5264CN
6181WB
6012CT
115517
115518
115519
115520
5152WA
5983WA
0167WB
5040WA
1694WB
0075WA
3662WB
5186CY
5186CZ
5026WA
3816C2
3816C4
3816C5
9571WC
9571WD
6114WB
7595WA
2194C1
1651C6
1651WA
0092WA
0092WB
0138CN
0138CT
0138CU
0138CV
0138CW
0138CX
0096WA
0096WB
0096WC
7139WA
0083WB
0172WA
7071WB
9008WB
5053WC
0005WA
1295C4
5183C1
5183C4
5183C6

WARRANTS
HAPSENG-CN
HAPSENG-CO
HAPSENG-CR
HAPSENG-CS
HAPSENG-WA
HARBOUR-WC
HEVEA-WB
HIAPTEK-WA
HOHUP-WA
HOVID-WB
HSI-C18
HSI-C19
HSI-C20
HSI-C21
HSI-C22
HSI-C23
HSI-C24
HSI-C26
HSI-C30
HSI-C32
HSI-C34
HSI-C36
HSI-C38
HSI-H27
HSI-H29
HSI-H35
HSI-H37
HSI-H41
HSI-H45
HSL-CD
HUBLINE-WB
HWGB-WD
IBHD-WA
IDEALUBB-WB
IDEAL-WA
IHH-CZ
IJM-CZ
INARI-CI
INARI-CJ
INARI-CM
INARI-CQ
INARI-WA
INARI-WB
INSAS-WB
IOICORP-C11
IOICORP-C9
IOIPG-CK
IRIS-WA
IVORY-WA
JAG-WA
JOHOTIN-WA
JTIASA-CE
JTIASA-CI
KAWAN-WA
KBUNAI-WC
KERJAYA-WA
KEURO-WE
KFM-WA
KGROUP-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KPJ-WB
KSL-WA
LBICAP-WA
LBS-WA
LBS-WB
LONBISC-WA
LUSTER-WA
LUSTER-WB
MAGNA-WB
MAHSING-C1
MAHSING-C2
MAHSING-C3
MAHSING-WB
MAHSING-WC
MALAKOF-CL
MALAKOF-CM
MALAKOF-CN
MALTON-WB
MAXIS-CT
MAYBANKC17
MAYBANKC18
MAYBANKC19
MAYBANKC20
MBL-WA
MBMR-WA
MCLEAN-WB
MEDAINC-WA
MENANG-WB
MEXTER-WA
MFLOUR-WB
MHB-CY
MHB-CZ
MHC-WA
MISC-C2
MISC-C4
MISC-C5
MITRA-WC
MITRA-WD
MKH-WB
MLGLOBAL-WA
MMCCORP-C1
MRCB-C6
MRCB-WA
MTOUCHE-WA
MTOUCHE-WB
MYEG-CN
MYEG-CT
MYEG-CU
MYEG-CV
MYEG-CW
MYEG-CX
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NICE-WA
NOTION-WB
OCK-WA
OCR-WB
OMESTI-WB
OSK-WC
PALETTE-WA
PBBANK-C4
PCHEM-C1
PCHEM-C4
PCHEM-C6

CLOSE
(RM)

+/(RM)

0.655
0.550
0.245
0.200
5.940
0.310
0.960
0.140
0.390
0.230
0.005
0.025
0.115
0.180
0.390
0.745
0.570
0.985
0.200
0.425
0.770
0.225
0.400
1.020
0.315
0.550
0.850
0.820
1.670
0.060
0.005
0.025
0.180
0.220
0.330
0.105
0.130
0.105
0.095
0.050
0.050
2.370
1.150
0.170
0.065
0.070
0.125
0.015
0.135
0.035
0.460
0.135
0.030
2.120
0.020
1.200
0.055
0.010
0.015
0.715
0.080
0.130
0.260
0.640
0.380
0.345
0.550
0.385
0.185
0.030
0.035
0.265
0.085
0.100
0.085
0.200
0.135
0.055
0.060
0.110
0.140
0.040
0.050
0.200
0.145
0.085
0.250
0.060
0.065
0.100
0.250
0.020
0.225
0.305
0.140
0.070
0.015
0.030
0.030
0.755
0.590
0.880
0.295
0.090
0.265
0.140
0.015
0.060
0.320
0.185
0.055
0.090
0.035
0.100
0.020
0.015
0.020
0.040
0.060
0.180
0.185
0.075
0.285
0.075
0.025
0.135
0.045
0.055

0.020
-0.005
Unch
-0.015
0.010
0.005
-0.015
0.025
-0.015
0.005
-0.010
-0.025
-0.035
-0.035
-0.060
-0.070
-0.075
-0.075
-0.050
-0.050
-0.085
-0.005
-0.045
0.105
0.025
0.045
0.085
0.020
0.090
-0.010
Unch
Unch
0.015
0.015
Unch
-0.010
Unch
Unch
0.005
-0.015
Unch
-0.030
0.020
-0.005
Unch
0.010
-0.015
Unch
0.025
Unch
0.070
-0.010
-0.010
-0.020
Unch
-0.070
-0.005
-0.020
-0.005
-0.010
Unch
Unch
-0.015
-0.010
Unch
-0.005
-0.005
0.005
0.025
Unch
Unch
0.010
-0.005
Unch
-0.005
Unch
-0.005
Unch
-0.005
-0.005
Unch
-0.005
0.005
0.020
0.010
Unch
Unch
0.005
-0.005
-0.045
-0.025
-0.005
0.110
-0.025
-0.015
0.010
-0.005
Unch
Unch
0.025
0.010
-0.040
0.020
-0.010
0.060
Unch
Unch
0.005
Unch
Unch
Unch
-0.005
-0.005
Unch
-0.005
-0.005
-0.005
-0.005
-0.005
Unch
Unch
-0.010
Unch
-0.005
0.005
0.010
Unch
0.005

VOL PARENT
EXE
(000)
PRICE PRICE
8
50
10
20
18.3
9.6
89
5534.2
49
2.9
19.1
2972.6
13335.4
10769.7
523.4
151.3
371
12
556.8
60
60.9
3
250
28.9
295.6
20
25
30
15
1491.8
167.5
228
3
91.7
5
122.3
50
100
500.5
1380
400
4.7
340.6
11.4
500
348.7
240
1463.8
23357.7
105
3750.3
710
10
57
2752
137.3
329
242
107.6
98
2159.9
111.8
143
16.5
115
20
16
54.5
24
30
203
288
30
20
30
507.9
150
321.1
100
50
50.1
34.5
1740
200.6
5248.8
21.1
158.7
50
10.1
0.5
93.4
100
2016.4
111.7
140
42
161.4
495.1
381.4
140
2889.3
2.4
575.3
400
250.5
1494
4955
576.7
25
105
1055
50
670
277
2
150
352.4
200
147
1109.9
168.4
4.6
87.6
5184.8
12
1840.2
820
200

7.670
7.670
7.670
7.670
7.670
1.130
1.210
0.405
0.835
0.405
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
10,263
1.690
0.010
0.060
0.495
0.785
0.445
6.500
3.450
2.720
2.720
2.720
2.720
2.720
2.720
0.675
4.180
4.180
2.210
0.155
0.470
0.090
1.960
1.320
1.320
3.100
0.045
1.920
0.930
0.105
0.060
1.740
0.470
0.470
0.470
4.230
1.180
1.360
1.570
1.570
0.760
0.065
0.065
0.990
1.490
1.490
1.490
1.490
1.490
1.610
1.610
1.610
0.685
5.470
8.660
8.660
8.660
8.660
0.790
2.200
0.190
0.515
0.820
0.065
1.310
1.150
1.150
0.910
7.310
7.310
7.310
1.380
1.380
2.390
0.640
2.150
1.180
1.180
0.145
0.145
2.010
2.010
2.010
2.010
2.010
2.010
0.055
0.055
0.055
0.105
0.395
0.780
0.575
0.470
1.590
0.090
19.160
6.400
6.400
6.400

5.000
6.000
6.600
7.950
1.650
1.560
0.250
0.690
0.600
0.180
24,200
22,800
21,400
22,000
20,600
19,200
20,200
18,800
22,400
21,000
19,600
23,200
21,800
20,400
17,000
17,800
19,200
18,600
21,400
2.000
0.010
0.180
1.410
1.000
0.100
6.670
3.700
2.320
2.640
2.880
3.500
0.264
1.600
1.000
5.000
4.700
2.100
0.150
0.750
0.100
2.280
1.100
1.700
0.930
0.131
0.880
1.180
0.510
0.100
1.680
0.980
1.000
0.300
4.010
0.800
1.000
1.000
1.250
1.000
0.100
0.100
0.900
1.400
1.450
1.500
1.440
2.100
1.650
1.600
1.600
1.000
6.300
8.200
8.350
8.600
9.400
0.800
3.200
0.250
0.500
1.000
0.130
2.060
0.900
1.000
1.560
8.000
9.500
8.600
0.600
1.090
1.890
0.500
2.100
1.000
2.300
0.890
0.270
1.225
1.775
2.300
2.250
2.350
1.900
0.100
0.260
0.100
0.160
1.000
0.710
0.350
0.500
1.800
0.040
19.300
6.000
6.250
6.900

PRM
(%)
-0.65
-0.26
2.02
16.69
-1.04
65.49
0.00
104.94
18.56
1.23
135.83
122.36
109.51
115.93
104.13
93.61
101.81
91.82
120.00
108.33
97.72
128.02
115.91
107.71
68.40
78.26
94.53
88.42
123.15
23.67
50.00
241.67
221.21
55.41
-3.37
9.08
14.78
0.74
8.24
13.24
36.03
-3.16
1.10
73.33
27.39
18.30
11.99
6.45
88.30
50.00
39.80
3.79
39.02
-1.61
235.56
8.33
32.80
395.24
91.67
37.64
125.53
140.43
19.15
9.93
0.00
-1.10
-1.27
4.14
55.92
100.00
107.69
17.68
5.37
4.03
9.23
10.07
50.00
12.73
10.56
9.63
66.42
17.37
0.46
4.50
3.49
12.47
32.91
48.18
65.79
16.50
52.44
130.77
74.43
4.78
11.30
79.12
11.08
32.83
20.11
-1.81
21.74
15.90
24.22
6.05
7.20
106.78
524.14
127.59
0.75
6.72
22.64
23.13
24.75
13.43
118.18
400.00
118.18
90.48
168.35
14.10
-6.96
22.34
31.13
27.78
2.04
4.30
0.47
12.11

EXPIRY
DATE
30/08/2016
31/05/2016
30/11/2016
11/11/2016
09/08/2016
03/04/2021
28/02/2020
09/01/2017
21/12/2018
05/06/2018
29/06/2016
29/06/2016
29/06/2016
28/07/2016
28/07/2016
28/07/2016
30/08/2016
30/08/2016
29/09/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
28/07/2016
30/08/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
11/11/2016
20/12/2020
15/03/2021
08/10/2019
30/03/2021
29/04/2019
28/02/2017
28/10/2016
08/06/2016
18/07/2016
10/08/2016
28/10/2016
04/06/2018
17/02/2020
25/02/2020
30/11/2016
30/12/2016
15/12/2016
24/06/2016
26/04/2017
14/08/2019
21/11/2017
18/07/2016
28/11/2016
28/07/2016
20/10/2023
20/12/2017
26/08/2016
19/10/2016
02/07/2018
12/03/2024
15/11/2017
21/04/2020
21/01/2020
23/01/2019
19/08/2016
17/04/2018
11/06/2018
04/10/2020
26/01/2020
03/06/2022
26/05/2023
04/09/2020
28/07/2016
30/09/2016
11/10/2016
16/03/2018
21/02/2020
29/07/2016
28/11/2016
30/12/2016
29/06/2018
30/12/2016
18/07/2016
15/08/2016
30/12/2016
30/09/2016
28/11/2022
14/06/2017
07/10/2020
13/08/2021
09/07/2019
17/09/2018
09/05/2017
30/11/2016
15/12/2016
28/07/2017
08/06/2016
28/10/2016
30/12/2016
04/07/2016
23/08/2020
29/12/2017
27/10/2019
30/09/2016
08/06/2016
14/09/2018
17/01/2018
16/03/2020
30/08/2016
30/09/2016
29/07/2016
28/10/2016
23/11/2016
31/10/2016
16/05/2022
21/07/2023
15/01/2024
09/08/2017
02/05/2017
15/12/2020
02/09/2016
30/05/2018
22/07/2020
20/03/2018
30/06/2016
18/07/2016
31/05/2016
30/11/2016

Jap
str

TO
flat
ag
in s
str
pro
0.0

the
furt
pan
in a
fro
bea
for
mu
lati
the
tha
pe
ea
tro
1.3
Co
fac
da
cru
Ba

Bu
Ma
Y
H
0
0
0
0
0
0
0
0
0
2
1
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
0
1
0
0
0
0
0

Markets 2 9

T HURSDAY MAY 1 9 , 20 16 T HEED G E FINA NCIA L DA ILY

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

RY
ATE
016
016
016
016
016
021
020
017
018
018
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
020
021
019
021
019
017
016
016
016
016
016
018
020
020
016
016
016
016
017
019
017
016
016
016
023
017
016
016
018
024
017
020
020
019
016
018
018
020
020
022
023
020
016
016
016
018
020
016
016
016
018
016
016
016
016
016
022
017
020
021
019
018
017
016
016
017
016
016
016
016
020
017
019
016
016
018
018
020
016
016
016
016
016
016
022
023
024
017
017
020
016
018
020
018
016
016
016
016

Japanese stocks Nikkei ends at as


strong data drives yen volatility
TOKYO: Japanese stocks ended the day
flat yesterday after the yen see-sawed
against the US dollar, rising and falling
in strength as investors digested Japans
stronger-than-expected gross domestic
product (GDP) data and US inflation.
The Nikkei Share Average edged down
0.05% or 8.11 points to 16,644.69.
The yen gained on the US dollar early in
the morning session after expectations for
further stimulus were hit by data showing Japans economy expanded at the fastest pace
in a year in the first quarter (1Q), rebounding
from the previous quarters contraction and
beating median market forecasts.
A stronger yen hurt the profit outlook
for exporters shares. The currency spent
much of late morning and afternoon vacillating between strength and weakness as
the market attempted to digest GDP data
that favoured yen strength and stronger expectations of further US Federal Reserve
easing that would favour yen weakness.
Shares of home appliance and electronics exporter Panasonic Corp gained
1.39%, while tyre exporter Bridgestone
Corp shed all of its morning gains to 1.3%.
Japans economy is struggling in the
face of a stronger exchange rate that has
damaged growth, intensified deflation,
crushed stock prices and prompted the
Bank of Japan (BoJ) to impose negative

interest rates on certain bank deposits.


Though the economy expanded at its
fastest pace in a year in 1Q, analysts said
yesterdays data is not strong enough to dispel concerns over a contraction this quarter.
In short, Abenomics remains in trouble.
The question is what Prime Minister Shinzo
Abe can do to restore Japans economic
fortunes without incurring the wrath of his
Group of Seven (G7) partners. For that, read
direct intervention to rein in a currency that
has rallied 10% so far this year.
That was the scenario earlier this year
when its rally coincided with a steep fall in
world stocks, wider credit spreads and a
spike in volatility, a confluence of events
in part fuelled by the BoJs imposition of
negative rates.
Broad market volatility is still within
historical ranges and policymakers would
like to keep it that way but they will be
reluctant to give any sort of blessing to
Japanese intervention.
Abenomics is doing so poorly right now
that no matter what the G7 said, if dollar/yen
goes below 105 and towards 100 Japan will
intervene, said Steven Englander, global
head of FX strategy at Citi in New York.
The Japanese may be willing to accept
the international political consequences, as
the domestic consequences of stronger yen
and weaker equities are much more dire.
The broader Topix edged up 0.2% to
1,338.38 and the JPX-Nikkei Index 400
rose 0.2% to 12,104.18.

Index points

Index points
2,807.51

5800

20800

LONDON: European shares steadied on


Tuesday with gains in companies such
as Taylor Wimpey and Vodafone following
encouraging updates and a rally in mining
companies offset by a weaker auto sector.
The pan-European FTSEurofirst 300
ended little changed after earlier rising to its
highest since early May. The index, which
closed flat also in the previous session, is
still down over 8% this year.
Meanwhile, the eurozones blue-chip
Euro STOXX 50 Index also fell 0.45% or
13.3 points to 2,938.09.
Taylor Wimpey advanced 4.7% after
the housebuilder announced a new special payout, promising investors about 1.3
billion over three years, underpinned by
strong demand for property in Britain.
Vodafone rose 1.5% after the worlds
second-largest mobile phone operator said
its earnings growth would accelerate this
year. The group said a programme to improve its networks had boosted demand in
Europe and helped it return to underlying
growth in 2016 revenue and core earnings
for the first time since 2008.
Demand for data continues to grow
strongly...and Vodafone has invested heavily in infrastructure to capitalise on this, said
Steve Clayton, head of equity research at
Hargreaves Lansdown.

4825

14450

3850

ASX 200
Index points

3900

Index points
6290

2,938.09

-36.17
(-1.27%)

17625

The STOXX Europe 600 Auto Index fell


2.7%, making it the top sectoral loser.
Fiat Chrysler (FCA) fell 6.7% after Exane BNP Paribas downgraded the stock
to underperform.
After seven years of global auto expansion and unprecedented North American Free Trade Agreement returns FCA
has done too little to insure itself against
a downturn in our view. As the end of a
lease-driven bubble approaches and mergers and acquisitions optionality fades, FCA
looks out of time, it said in a note.
Greek banks advanced 3.7%, with UBS
turning more positive on the Greek banking sector, arguing that signs of progress
in talks with Greeces lenders meant the
sector could rebound.
The starting point is very challenging
and risks abound, but we see a fundamental investment case and valuations
suggest upside potential, UBS analysts
said, referring to Greek banks.
The STOXX Europe 600 Basic Resources Index rose 1.9%, as copper prices were supported by a softer US dollar
and firm oil, but remained within sight of
recent lows brought about by a resurfacing of worries over demand growth in top
consumer China.
Britains FTSE 100 was up 0.27% or 16.37
points at 6,167.77 at its close, gaining after
US retail sales in April recorded their biggest
increase in a year, suggesting the US economy was regaining momentum. Reuters

Euro STOXX 50 Index

Shanghai Composite

Nikkei 225

European stocks European shares


little changed; Taylor Wimpey,
Vodafone rise

-13.30
(-0.45%)

3415
2,772.70

10,172.06

5460

2930
3,087.842

16,644.69

11275

4630

2875

-8.11
(-0.05%)

1900

8100

Mar 1, 2010

May 18, 2016

May 18, 2016

Main Market & Ace Market Warrants


YEAR
LOW

DAY
HIGH

DAY
LOW

0.310
0.080
0.400
0.310
0.185
0.120
0.600
0.150
0.215
2.000
1.110
0.280
0.195
0.435
0.135
0.035
5.140
0.010
0.085
0.150
0.115
0.260
0.150
0.115
0.530
0.550
0.310
0.465
0.200
0.050
0.275
0.285
0.150
0.140
0.210
0.105
1.050
0.270
1.000
0.140
0.135
0.170
0.235
1.140
0.140
0.270
0.245
0.120
0.765

0.130
0.015
0.120
0.015
0.025
0.075
0.330
0.005
0.105
0.705
0.645
0.020
0.045
0.160
0.055
0.015
4.500
0.005
0.025
0.015
0.070
0.060
0.080
0.050
0.090
0.085
0.080
0.310
0.050
0.005
0.060
0.080
0.035
0.015
0.030
0.105
0.385
0.055
0.795
0.055
0.040
0.075
0.110
0.630
0.060
0.035
0.075
0.040
0.170

0.240
0.025
0.135
0.060
0.045
0.080
0.380
0.125
0.190
1.930
0.665
0.125
0.060
0.405
0.070
0.025
5.010
0.005
0.030
0.055
0.080
0.065
0.085
0.090
0.295
0.300
0.105
0.350
0.085
0.010
0.070
0.090
0.035
0.020
0.055
0.105
0.735
0.080
0.820
0.075
0.050
0.135
0.195
0.830
0.100
0.040
0.075
0.040
0.285

0.240
0.025
0.135
0.025
0.035
0.075
0.375
0.115
0.180
1.900
0.660
0.115
0.045
0.400
0.070
0.020
4.990
0.005
0.025
0.040
0.080
0.065
0.080
0.065
0.275
0.300
0.100
0.335
0.070
0.010
0.065
0.090
0.035
0.015
0.055
0.105
0.730
0.080
0.820
0.070
0.050
0.135
0.190
0.820
0.095
0.035
0.075
0.040
0.275

CODE
9997WB
5146WA
8311WC
5681CP
5681CQ
3042CA
1945WC
8869CL
8869CO
8869WC
7088WB
4634CV
5204CD
7168WA
7145WA
0007WB
7765WA
0110WA
5256WA
7232WA
5270WA
0133WB
5157WA
0028WA
7073WA
7073WB
0055WA
7246WA
4197C3
0060WA
521817
521820
521821
521824
5218HC
5218HD
7155WA
0117WA
5242WA
1201WA
1201WB
5263CB
5263CC
5211WA
0148WB
710610
710611
710615
7106C5

WARRANTS
PENSONI-WB
PERWAJA-WA
PESONA-WC
PETDAG-CP
PETDAG-CQ
PETRONM-CA
PJDEV-WC
PMETAL-CL
PMETAL-CO
PMETAL-WC
POHUAT-WB
POS-CV
PRESBHD-CD
PRG-WA
PSIPTEK-WA
PUC-WB
RAPID-WA
RA-WA
REACH-WA
RESINTC-WA
RSENA-WA
SANICHI-WB
SAUDEE-WA
SCOPE-WA
SEACERA-WA
SEACERA-WB
SERSOL-WA
SIGN-WA
SIME-C3
SKH-WA
SKPETROC17
SKPETROC20
SKPETROC21
SKPETROC24
SKPETRO-HC
SKPETRO-HD
SKPRES-WA
SMRT-WA
SOLID-WA
SUMATEC-WA
SUMATEC-WB
SUNCON-CB
SUNCON-CC
SUNWAY-WA
SUNZEN-WB
SUPERMX-C10
SUPERMX-C11
SUPERMX-C15
SUPERMX-C5

CLOSE
(RM)

+/(RM)

0.240
0.025
0.135
0.045
0.040
0.075
0.380
0.125
0.190
1.920
0.665
0.120
0.045
0.400
0.070
0.025
5.000
0.005
0.030
0.055
0.080
0.065
0.085
0.090
0.275
0.300
0.105
0.345
0.080
0.010
0.065
0.090
0.035
0.020
0.055
0.105
0.730
0.080
0.820
0.075
0.050
0.135
0.195
0.820
0.095
0.040
0.075
0.040
0.275

-0.005
Unch
-0.005
0.010
Unch
-0.005
0.005
Unch
0.010
-0.010
Unch
-0.005
-0.010
-0.005
-0.005
Unch
Unch
Unch
Unch
0.010
Unch
-0.005
-0.005
-0.005
-0.015
-0.050
Unch
0.005
0.005
0.005
-0.005
Unch
-0.010
Unch
-0.005
-0.045
Unch
-0.010
-0.060
0.005
Unch
0.005
-0.005
-0.020
Unch
0.005
-0.010
Unch
-0.035

3800

1960

Mar 1, 2010

Bursa Malaysia Equity Derivatives


YEAR
HIGH

5,356.162

2445

VOL PARENT
EXE
(000)
PRICE PRICE
33.5
0.3
42
178.7
131.9
100
5
53
75
162.2
75
2108.9
120
90
68.4
87.1
314
145
250.7
219.8
1545.3
25
68.7
84.1
270.7
0.1
807.7
413.5
36.2
10
1392.1
30
100
57.1
5
20
42
20
12
90.1
480
300
930
68
1431.7
173.1
58
50
459.8

PRM
(%)

0.620 0.600
35.48
0.105 1.000 876.19
0.365 0.250
5.48
23.320 23.000
0.94
23.320 24.860
9.35
5.310 6.000
29.94
1.330 1.000
3.76
3.080 2.500
1.46
3.080 2.700
12.34
3.080 1.100
-1.95
1.470 1.000
13.27
2.810 2.770
7.12
2.330 3.000
33.58
1.130 0.750
1.77
0.120 0.100
41.67
0.070 0.100
78.57
5.990 1.000
0.17
0.010 0.170
1,650
0.690 0.750
13.04
0.460 0.500
20.65
0.410 0.500
41.46
0.175 0.100
-5.71
0.290 0.500 101.72
0.175 0.150
37.14
0.905 1.000
40.88
0.905 1.000
43.65
0.130 0.180 119.23
1.040 0.970
26.44
7.360 7.900
11.68
0.075 0.100
46.67
1.580 1.700
17.88
1.580 1.600
15.51
1.580 1.980
34.18
1.580 2.100
37.34
1.580 1.700
14.56
1.580 1.600
27.85
1.290 0.550
-0.78
0.205 0.180
26.83
1.360 0.500
-2.94
0.115 0.320 243.48
0.115 0.175
95.65
1.630 1.450
9.66
1.630 1.450
6.90
3.100 2.250
-0.97
0.260 0.250
32.69
2.580 3.170
29.07
2.580 3.300
39.53
2.580 3.100
28.68
2.580 2.100
2.71

EXPIRY
DATE
20/01/2024
28/02/2022
27/01/2020
30/06/2016
31/10/2016
15/12/2016
04/12/2020
08/06/2016
15/12/2016
22/08/2019
21/10/2020
31/10/2016
11/10/2016
06/07/2019
16/11/2019
15/02/2019
07/04/2017
22/03/2017
12/08/2022
29/09/2016
01/12/2023
13/03/2018
31/03/2021
17/07/2020
16/05/2017
29/05/2019
18/04/2023
21/04/2021
30/09/2016
16/01/2017
30/09/2016
18/07/2016
28/11/2016
30/08/2016
31/05/2016
26/01/2017
27/06/2017
01/08/2017
16/12/2020
03/03/2021
13/11/2018
07/10/2016
28/10/2016
17/08/2016
25/02/2021
31/10/2016
28/10/2016
23/11/2016
18/07/2016

Mar 1, 2010

Mar 1, 2010

May 17, 2016

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

0.710
0.310
0.235
0.345
0.280
0.200
0.080
0.560
0.595
0.155
0.125
0.155
0.975
2.550
0.180
0.025
0.025
0.260
0.680
0.470
0.465
0.170
0.070
0.390
0.070
0.380
0.150
0.055
0.060
0.130
0.120
0.110
0.125
0.160
0.160
0.240
0.285
0.320
0.120
0.075
0.515
0.165
0.290
0.280
1.060
0.045
0.025
0.135
0.065
0.110
0.120
0.500
0.260
0.270

0.160
0.025
0.020
0.135
0.155
0.025
0.030
0.240
0.360
0.005
0.055
0.145
0.360
0.600
0.070
0.005
0.015
0.105
0.300
0.115
0.120
0.025
0.005
0.195
0.005
0.020
0.025
0.035
0.005
0.035
0.030
0.060
0.005
0.040
0.005
0.011
0.022
0.080
0.015
0.050
0.230
0.095
0.100
0.130
0.497
0.010
0.010
0.020
0.040
0.025
0.035
0.330
0.070
0.105

0.195
0.030
0.025
0.190
0.185
0.030
0.030
0.300
0.520
0.110
0.120
0.155
0.435
1.750
0.090
0.010
0.025
0.220
0.460
0.165
0.125
0.115
0.020
0.300
0.005
0.110
0.025
0.035
0.005
0.035
0.030
0.060
0.010
0.065
0.025
0.185
0.235
0.250
0.015
0.050
0.260
0.110
0.240
0.205
0.590
0.020
0.015
0.025
0.050
0.080
0.045
0.360
0.095
0.110

0.195
0.025
0.020
0.185
0.185
0.025
0.030
0.300
0.520
0.110
0.115
0.155
0.435
1.740
0.085
0.010
0.020
0.220
0.450
0.165
0.120
0.110
0.020
0.300
0.005
0.110
0.025
0.035
0.005
0.035
0.030
0.060
0.005
0.065
0.020
0.165
0.215
0.250
0.015
0.050
0.250
0.095
0.235
0.200
0.555
0.010
0.010
0.025
0.045
0.070
0.045
0.360
0.090
0.110

CODE
7106C7
7106C8
7106C9
7082WB
1538WB
5012CF
5012CG
8524WB
534722
534726
534728
534729
7252WA
7034WA
7889WB
7079WB
7079WC
0101WB
8397WC
7113CW
7113CX
5054WA
5054WB
5401WA
5230CF
514818
514820
514829
4588CU
4588CW
5243C3
5243C4
5243CZ
5005CJ
0120WA
0069WB
0069WC
7240WA
6963CD
6963CF
6963WA
9679CX
9679WD
9679WE
7245WA
5156WC
0095WA
5155WA
0165WA
7020WB
6742CS
6742WB
7028WA
2283WA

WARRANTS
SUPERMX-C7
SUPERMX-C8
SUPERMX-C9
SYF-WB
SYMLIFE-WB
TAANN-CF
TAANN-CG
TALIWRK-WB
TENAGA-C22
TENAGA-C26
TENAGA-C28
TENAGA-C29
TEOSENG-WA
TGUAN-WA
THRIVEN-WB
TIGER-WB
TIGER-WC
TMCLIFE-WB
TNLOGIS-WC
TOPGLOV-CW
TOPGLOV-CX
TRC-WA
TRC-WB
TROP-WA
TUNEPRO-CF
UEMS-C18
UEMS-C20
UEMS-C29
UMW-CU
UMW-CW
UMWOG-C3
UMWOG-C4
UMWOG-CZ
UNISEM-CJ
VIS-WA
VIVOCOM-WB
VIVOCOM-WC
VOIR-WA
VS-CD
VS-CF
VS-WA
WCT-CX
WCT-WD
WCT-WE
WZSATU-WA
XDL-WC
XINGHE-WA
XINQUAN-WA
XOX-WA
YKGI-WB
YTLPOWR-CS
YTLPOWR-WB
ZECON-WA
ZELAN-WA

-39.713
(-0.74%)

4,686.53

CLOSE
(RM)

+/(RM)

0.195
0.025
0.020
0.190
0.185
0.030
0.030
0.300
0.520
0.110
0.120
0.155
0.435
1.740
0.085
0.010
0.025
0.220
0.450
0.165
0.125
0.110
0.020
0.300
0.005
0.110
0.025
0.035
0.005
0.035
0.030
0.060
0.010
0.065
0.025
0.170
0.215
0.250
0.015
0.050
0.260
0.095
0.240
0.200
0.580
0.020
0.015
0.025
0.045
0.080
0.045
0.360
0.090
0.110

-0.025
-0.005
-0.010
Unch
0.005
-0.015
-0.025
-0.005
0.005
-0.010
0.010
0.005
0.005
-0.010
-0.010
Unch
0.010
Unch
Unch
Unch
Unch
-0.005
0.005
-0.005
Unch
Unch
Unch
-0.020
Unch
-0.005
Unch
-0.005
Unch
-0.005
-0.005
-0.010
-0.020
Unch
Unch
Unch
0.005
-0.005
-0.005
Unch
0.025
0.010
0.005
-0.005
-0.005
Unch
Unch
0.005
0.005
0.005

May 18, 2016

VOL PARENT
EXE
(000)
PRICE PRICE
15
627.6
249
242
5
358.5
56.5
21.7
10
50
224
30
2
35
96
3490.8
6481.8
151.5
17.5
30
381
352
180
5.2
1860
200
2190
40
200
375
692.7
50
50.1
100
1136.7
48074.5
11288.1
37.3
350
500
1135.2
105.9
135.1
518
29.6
5058
1723
5
1213.3
1929.4
50
50
67.1
243

2.580
2.580
2.580
0.565
0.700
4.010
4.010
1.450
14.040
14.040
14.040
14.040
0.435
3.080
0.265
0.050
0.050
0.790
1.270
5.010
5.010
0.455
0.455
1.030
1.540
1.030
1.030
1.030
5.620
5.620
0.910
0.910
0.910
2.220
0.200
0.320
0.320
0.685
1.200
1.200
1.200
1.650
1.650
1.650
1.000
0.040
0.045
0.280
0.125
0.225
1.470
1.470
0.735
0.215

Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants

2.200
3.000
3.300
0.700
1.100
5.500
5.800
1.700
10.500
12.880
14.400
15.100
1.350
1.500
0.640
0.170
0.080
0.750
1.000
4.040
4.625
0.500
0.610
1.000
1.750
0.930
1.000
1.250
11.300
7.000
1.070
1.020
1.200
2.050
0.250
0.240
0.100
0.500
1.600
1.300
1.650
1.600
1.710
2.080
0.500
0.115
0.100
1.000
0.200
0.500
1.480
1.140
1.060
0.250

PRM
(%)
0.39
20.16
31.40
57.52
83.57
40.90
49.88
37.93
0.71
3.49
8.55
14.17
310.34
5.19
173.58
260.00
110.00
22.78
14.17
5.34
7.29
34.07
38.46
26.21
14.61
6.31
4.37
29.85
101.51
27.67
22.53
31.87
34.62
4.05
37.50
28.13
-1.56
9.49
37.58
22.92
59.17
8.48
18.18
38.18
8.00
237.50
155.56
266.07
96.00
157.78
5.27
2.04
56.46
67.44

EXPIRY
DATE
31/05/2016
25/08/2016
29/07/2016
11/11/2019
11/11/2020
30/09/2016
28/11/2016
11/11/2018
30/09/2016
30/08/2016
28/02/2017
30/11/2016
29/01/2020
09/10/2019
05/10/2020
23/12/2018
11/02/2021
21/06/2019
26/12/2018
28/10/2016
10/08/2016
20/01/2017
14/07/2016
06/12/2019
08/06/2016
30/08/2016
18/07/2016
28/10/2016
31/05/2016
31/01/2017
31/10/2016
30/11/2016
18/07/2016
29/07/2016
01/09/2016
07/09/2018
22/01/2020
31/03/2024
29/07/2016
30/09/2016
06/01/2019
30/12/2016
11/12/2017
27/08/2020
28/10/2024
02/07/2018
22/03/2019
24/06/2019
10/02/2019
28/05/2020
30/08/2016
11/06/2018
03/03/2017
25/01/2019

30 Markets

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Trading themes

Insider moves (Filings on May 17, 2016)


Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook.
COMPANY

SHARES ACQUIRED
(DISPOSED)

BERJAYA SPORTS TOTO


CIMB GROUP
COMPUGATES
DIALOG GROUP
DIGI.COM
EFFICIENT E-SOLUTIONS

(15,495,000)
8,954,200
(30,000,000)
2,465,800
(2,895,000)
(222,600)

GENTING PLANTATIONS
IGB REAL ESTATE INVEST TRUST
IHH HEALTHCARE
IJM CORPORATION
IMASPRO CORPORATION
IOI CORPORATION
IOI PROPERTIES GROUP
KUALA LUMPUR KEPONG

DIRECTOR/SUBSTANTIAL
SHAREHOLDER

BIZURAI BIJAK (M) SDN


EMPLOYEES PROVIDENT FUND BOARD
GOH KHENG PEOW
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
LIM HOOI TEIK

SHARES HELD
AFTER CHANGE

TRANSACTION
DATE

61,170,806
1,303,142,327
474,745,710
607,411,604
938,932,076
62,461,700

8/4
6 & 9/5
17/5
12/5
12/5
9,11,12
13 & 16/5
12/5
12/5
12/5
12/5
13/5
12/5
12/5
12/5

(600,000)
207,600
(4,804,300)
(2,000,000)
261,000
(2,965,300)
(201,600)
325,900

South Korea Consumer Price Index, rates, sentiment

EMPLOYEES PROVIDENT FUND BOARD


99,236,700
EMPLOYEES PROVIDENT FUND BOARD
240,366,513
EMPLOYEES PROVIDENT FUND BOARD
726,114,400
EMPLOYEES PROVIDENT FUND BOARD
481,516,078
CHAN WENG FUI
2,306,000
EMPLOYEES PROVIDENT FUND BOARD
452,666,073
EMPLOYEES PROVIDENT FUND BOARD
297,958,186
AMANAHRAYA TRUSTEES
67,455,600
- SKIM AMANAH SAHAM BUMIPUTERA
KUALA LUMPUR KEPONG
(900,000) EMPLOYEES PROVIDENT FUND BOARD
124,775,588
12/5
MALAKOFF CORPORATION
(4,259,300) EMPLOYEES PROVIDENT FUND BOARD
781,083,433
11 & 12/5
MALAYAN BANKING
1,574,200 EMPLOYEES PROVIDENT FUND BOARD
1,432,294,183
12/5
MMC CORPORATION
(1,000,000) EMPLOYEES PROVIDENT FUND BOARD
162,160,000
12/5
MTOUCHE TECHNOLOGY
(13,831,196) OSK TECHNOLOGY VENTURES
12/5
PETRONAS GAS
(1,339,100) EMPLOYEES PROVIDENT FUND BOARD
220,194,400
12/5
PPB GROUP
(1,000,000) EMPLOYEES PROVIDENT FUND BOARD
80,086,279
12/5
PUBLIC BANK
(711,800) EMPLOYEES PROVIDENT FUND BOARD
512,938,468
12/5
RELIANCE PACIFIC
160,305,120 IBU KOTA DEVELOPMENTS
265,797,590
13/5
SAPURAKENCANA PETROLEUM
1,533,000 EMPLOYEES PROVIDENT FUND BOARD
912,713,100
12/5
SONA PETROLEUM
825,100 CREDIT SUISSE SECURITIES (EUROPE)
188,630,200
12/5
LTD. UK
STERLING PROGRESS
430,000 FNS AVENUE
63,244,200
16/5
TELEKOM MALAYSIA
1,665,000 AMANAHRAYA TRUSTEES
513,135,195
12/5
- SKIM AMANAH SAHAM BUMIPUTERA
TELEKOM MALAYSIA
1,217,000 EMPLOYEES PROVIDENT FUND BOARD
501,965,836
12/5
TENAGA NASIONAL
2,284,000 AMANAHRAYA TRUSTEES
427,610,900
10 & 11/5
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL
2,376,200 EMPLOYEES PROVIDENT FUND BOARD
847,066,582
11&12/5
TIEN WAH PRESS
(1,126,700) LEMBAGA TABUNG ANGKATAN TENTERA
5,441,200 10,11 & 12/5
TOP GLOVE CORPORATION
500,000 EMPLOYEES PROVIDENT FUND BOARD
74,530,546
12/5
XINGHE
(32,000,000) TESTA LTD., HK
1,268,755,000
9 & 12/5
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia.
Note: * denotes Ace Market

Indias Modi pushes development

Local events to watch out for today


Volkswagen Malaysia to announce the
launch of the new Volkswagen Vento at
Sunway Putra Mall, Kuala Lumpur at
9.30am.
Hillcrest Gardens Sdn Bhd will be organising a groundbreaking ceremony for Rumah Selangorku project by Menteri Besar
of Selangor, Datuk Seri Mohamed Azmin
Ali at the site of Rumah Selangorku, Taman
Puchong Utama, Selangor at 9.30am.
UMW Holdings Bhd annual general meeting (AGM) at UMW Auditorium, No 3,
Jalan Utas 15/7, Batu Tiga Industrial Estate, Shah Alam, Selangor at 10am.
OCB Bhd AGM at Greens 3 (Sport Wing),
Tropicana Golf & Country Resort Club,
Jalan Kelab Tropicana, Petaling Jaya, Selangor at 10am
Aeon Company (M) Bhd AGM at Grand
Ballroom, Level 6, Hilton Kuala Lumpur,
3, Jalan Stesen Sentral, Kuala Lumpur at
10am.
Launch of Quester 8L by UD Trucks and
Tan Chong Industrial Equipment at Hall
A, Malaysia Agro Exposition Park Serdang
(MAEPS) at MAEPS secretariat building,
Persiaran Mardi-UPM, Serdang, Selangor
at 10am.

Konsortium Transnasional Bhd AGM at


Function Room, Level 2, Kuala Lumpur
International Hotel, Jalan Raja Muda Abd
Aziz, Kuala Lumpur at 10am.
Kossan Rubber Industries Bhd AGM at
Function Room 8, Mezzanine Floor, Setia City Convention Centre, 1, Jalan Setia
Dagang AG U13/AG, Setia Alam, Seksyen
U13, Shah Alam, Selangor at 10.30am.
Tomei Consolidated Bhd AGM at Dewan
Berjaya, Bukit Kiara Resort Bhd, Jalan Stocks closest to year high
Bukit Kiara, Off Jalan Damansara, Kuala STOCK
HIGH
LOW
CLOSE
VOLUME
Lumpur at 10.30am.
(RM)
(RM)
(RM)
('000)
MBM Resources Bhd AGM at Grand Ball- AIRASIAC32
0.375
0.355
0.355
980
0.225
0.205
0.210
3920.2
room, The Saujana Hotel Kuala Lumpur, AIRASIAC34
1.430
1.380
1.390
1770.9
Jalan Lapangan Terbang SAAS, Shah Alam, TEKSENG
1.480
1.360
1.400
1058.5
Selangor at 10.30am, followed by a press BISON
AIRASIAC30
0.445
0.435
0.435
102
conference at 11.30am.
AIRASIA
2.350
2.270
2.280 40220.9
Advanced Packaging Technology (M) Bhd SKPETRO-HD
0.105
0.105
0.105
20
AGM at Hotel Bangi-Putrajaya, Off Persi- AIRASIAC29
0.135
0.115
0.115
1403.3
0.210
0.195
0.200
2027.2
aran Bandar, Bandar Baru Bangi, Selangor AIRASIAC33
IVORY
0.500
0.455
0.470
7013
at 12.30pm.
0.625
0.600
0.610
965.2
APPIES Malaysia is an annual two-day YEN
AIRASIAC31
0.255
0.240
0.245
3809.5
Marketing Congress and Awards Festival WANGZNG
0.945
0.915
0.930
688.7
showcasing, sharing and celebrating the AJI
12.540 12.100 12.540
187.9
countrys best marketing campaigns at MITRA-WD
0.605
0.565
0.590
2889.3
Eastin Hotel, Petaling Jaya, Selangor at This table shows stocks that are trading near their year high. This
suggest a build-up in buying momentum, or the possibility that
8am today and from 3.30pm tomorrow. could
prot-taking activities could set in later.

Stocks closest to year low


STOCK

UMW
UMWOG-CZ
SKPETROC21
HSI-C19
AFFIN-CT
FGV-C10
LKL
UMW-CW
LAFMSIA
SKPETRO-HD
DRBHCOMC21
UEMS-C29
JTIASA-CI
CIMB-C11
CHINA50-CH

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

5.770
0.010
0.035
0.045
0.045
0.040
0.285
0.035
8.400
0.105
0.075
0.035
0.030
0.155
0.200

5.600
0.005
0.035
0.020
0.045
0.040
0.265
0.035
8.130
0.105
0.055
0.035
0.030
0.140
0.200

5.620
0.010
0.035
0.025
0.045
0.040
0.265
0.035
8.310
0.105
0.075
0.035
0.030
0.155
0.200

3108.5
50.1
100
2972.6
50
1000
10396.7
375
241.2
20
11447.8
40
10
200
30

This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates


NZ

NZ $
EURO

EURO

0.601
1.664

US

SWISS

BRIT CANADA BRUNEI SPORE

AUST

MSIA

CHINA

BANGLH

DENMK

UAE

0.933

0.933

0.931

2.7475

4.432

53.329

4.471

2.491

9,080

45.439

74.169

5.571

31.635

2.469

2.543

5.615

24.144

5.267

1.462

1.553

1.553

1.549

4.5712

7.374

88.727

7.438

4.145

15,106

75.600

123.399

9.268

52.633

4.109

4.231

9.342

40.170

8.763
7.764

STERLING

2.142

1.287

1.453

1.427

CANADA $

1.138

0.684

0.772

0.758

0.531

BRUNEI $

1.072

0.644

0.727

0.714

0.500

0.942

SINGAPORE $

1.071

0.644

0.727

0.714

0.500

0.941

1.000

AUSTRALIA $

1.074

0.646

0.729

0.716

0.502

0.944

1.002

1.003

MALAYSIA RM

0.364

0.219

0.247

0.242

0.170

0.320

0.340

0.340

0.339

22.562

13.561

15.306

15.032

10.535

19.827

21.056

21.059

21.004

61.9880

1.875

1.127

1.272

1.249

0.876

1.648

1.750

1.750

1.746

5.1520

8.311

100 DANISH KRONER

22.367

13.444

15.174

14.902

10.445

19.656

20.874

20.878

20.823

61.4540

99.14

100 UAE DIRHAM

40.137

24.124

27.229

26.741

18.742

35.273

37.458

37.464

37.367 110.2761

177.90

2,140

179.44

1000 INA RUPIAH

0.110

0.066

0.075

0.073

0.051

0.097

0.103

0.103

0.103

0.3026

0.488

5.873

0.492

0.274

100 INDIA RUPEE

2.201

1.323

1.493

1.466

1.028

1.934

2.054

2.054

2.049

6.0466

9.754

117.364

9.839

5.483

0.982

0.688

1.295

1.376

1.376

1.372

4.0500

6.534

78.610

6.590

3.673

13,384

66.980

109.329

8.212

46.632

3.640

3.749

8.277

35.590

0.701

1.319

1.401

1.401

1.397

4.1238

6.653

80.043

6.710

3.740

13,628

68.200

111.322

8.361

47.482

3.707

3.817

8.428

36.239

7.906

1.882

1.999

1.999

1.994

5.8838

9.492

114.204

9.574

5.336

19,444

97.308

158.833

11.930

67.747

5.288

5.446

12.025

51.705

11.280

1.062

1.062

1.059

3.1264

5.044

60.683

5.087

2.835

10,332

51.705

84.397

6.339

35.998

2.810

2.894

6.390

27.474

5.994

1.000

0.998

2.9440

4.749

57.143

4.791

2.670

9,729

48.689

79.473

5.969

33.898

2.646

2.725

6.017

25.871

5.644

0.997

2.9435

4.748

57.133

4.790

2.669

9,727

48.680

79.460

5.968

33.892

2.646

2.725

6.016

25.866

5.643

2.9512

4.761

57.282

4.802

2.676

9,753

48.808

79.667

5.984

33.980

2.653

2.732

6.031

25.934

5.658

1.0000

1.613

19.410

1.627

0.907

3,305

16.538

26.995

2.028

11.514

0.899

0.926

2.044

8.788

1.917

1,203

100.869

56.212

1,673

125.685

713.736

55.716

57.379

126.687

544.729

118.837

8.384

4.672

17,026

85.205

139.078

10.446

59.321

4.631

4.769

10.529

45.274

9.877

55.727

203,087

1,016.34

1,659

124.60

707.59

55.24

56.89

125.60

540.04

117.81

1,824

2,977

223.59

1,270

99.12

102.08

225.38

969.07

211.41

5.004

8.169

0.614

3.484

0.272

0.280

0.618

2.659

0.580

163.228

12.260

69.621

5.435

5.597

12.358

53.135

11.592

1,193

204,851 1,025.171

364,429
19,982

1.348

0.810

0.915

0.898

0.630

1.185

1.258

1.259

1.255

3.7044

5.976

71.902

6.028

3.359

12,242

61.264

17.951

10.789

12.178

11.960

8.382

15.775

16.753

16.756

16.712

49.3200

79.564

957

80.255

44.724

162,987

815.665

1,331

2.943

3.161

1.900

2.144

2.106

1.476

2.778

2.950

2.951

40.494

24.339

27.471

26.979

18.909

35.586

37.791

37.798

7.511

8.6850

14.011

168.575

14.133

7.876

28,701

143.634

234.451

17.609

37.699 111.2576

179.482

2,159

181.042

100.890

367,672

1,840

3,003

225.583

42.653

3.330

3.429

7.571

32.553

7.102

567.876

44.330

45.653

100.797

433.407

94.552

7.806
1,281

8.039

17.750

76.321

16.650

102.986

227.381

977.693

213.292

949.345

207.108

429.980

93.804

100 SAUDI RIYAL

39.320

23.633

26.674

26.197

18.361

34.555

36.696

36.702

36.606 108.0317

174.278

2,097

175.793

97.965

357,012

1,787

2,916

219.042

1,244

97.101

100 SWEDISH KRONOR

17.809

10.704

12.081

11.865

8.316

15.651

16.620

16.623

16.580

48.9300

78.935

949.726

79.621

44.370

161,699

809.215

1,321

99.209

563.385

43.979

45.292

4.142

2.489

2.810

2.759

1.934

3.640

3.865

3.866

3.856

11.3796

18.358

220.877

18.517

10.319

37,606

188.198

307.191

23.073

131.026

10.228

10.534

23.257

18.985

11.411

12.880

12.649

8.865

16.684

17.718

17.721

17.675

52.1620

84.149 1,012.459

84.880

47.301

172,379

862.667

1,408

105.762

600.599

46.884

48.284

106.605

100 HK$

HK

0.879

1.018

100 THAI BAHT

THAI

0.777

0.886

100 PHILIPPINE PESO

SAUDI SWEDEN

0.467

0.902

100 QATAR RIYAL

QATAR

1.108

1.474

100 NORWEGIAN KRONER

PHIL

0.666

1.501

100 JAPAN YEN

JAPAN NORWAY

1.129

US $

100 CHINESE RMB

INDIA

0.678

SWISS FR

100 BANGLADH TAKA

INA

220.788

21.816
458.382

Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

Markets 3 1

THU RSDAY MAY 1 9 , 2016 T HEED G E FINA NCIA L DA ILY

FUTURES . MONEY MARKET . COMMODITIES

Money market

Index futures
Long Rolls - KLCI futures

FKLI
Index points
1980

Open Interest

1,631.00 90000
(+2.50)

Index points

-3.50

18.00

US Dollar

Klibor

USD Index

Implied interest rate (%)

102.00

(-0.50)

4.5

94.736

3.65

(+0.188)

1790

68000

4.75

94.25

1600

46000

-8.50

86.50

1410

24000

-21.75

78.75

2000

-35.00

(Unch)
3.5

1220
Jan 4, 2010

May 18, 2016

2.5

71.00

Jan 4, 2010

FBM KLCI futures higher in


tandem with cash market

May 18, 2016

FBM KLCI futures


INDEX AND FUTURES
CONTRACT

LAST

CHANGE

VOLUME

OPEN CHANGE IN
INTEREST OPEN INTEREST

The FBM KLCI futures contract on Bursa Ma- FBMKLCI 1,635.72 2.33 127.3M
1,631.00
2.50
7,219 37,614
854
laysia Derivatives ended higher yesterday in MAY 16
1,628.00
1.50
342
2,189
11
tandem with the firmer underlying cash JUN 16
SEP 16
1,616.50
1.50
38
205
-13
market. The benchmark FBM KLCI closed DEC 16
1,606.50
1.50
6
69
-7
2.33 points higher at 1,635.72.
TOTAL
7,605 40,077
845
Spot contract May 2016 rose 2.5 points
BID
OFFER
CLOSE
to 1,631, while June 2016, September 2016 FUTURES ROLL OVER
-3.0
-4.0
-3.5
and December 2016 gained 1.5 points each MAY/JUN
to 1,628, 1,616.5 and 1,605.5 respectively. FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
Turnover rose to 7,605 lots from 7,489 lots CONTRACT
16
14
1.96
5.83
-3.87
on Tuesday, while open interest increased MAY
JUN 16
44
6.48
12.55
-6.07
to 49,855 contracts from 48,893 contracts. ROLLS FAIR
-2.20
Southeast Asian stocks were lower or little
changed at the close of trade yesterday, in
line with Asian shares, after some US Federal
Reserve (Fed) officials flagged prospects of
a rate increase, leaving the door open to a he will push for an interest rate hike in June
change in monetary policy relatively soon. or July and two others still see up to three
A Fed policymaker said on Tuesday that rate increases this year. Agencies

Commodities

CPO vs Soyoil
Open Interest

4200

200000

The US dollar rallied to a three-week high


against the euro and a basket of currencies
yesterday on renewed expectations that the
US Federal Reserve (Fed) could raise interest rates soon.
The US dollar index was up 0.4% at 94.736,
its highest level since April 25. The euro
slipped against the US dollar to a three-week
low of US$1.1255, while the US currency was
0.3% higher against the yen at 109.50.
The two-year US yields seem to be breaking their recent ranges, so that is helping the
[US] dollar, Yujiro Goto, currency analyst at
Nomura, said. The Fed officials also sounded a bit more hawkish about policy.
Rate futures, based on the CMEs Fedwatch, moved to price in a 70% chance of a
rate hike by December, with a 50% chance
of a move priced in by September. Reuters

May 18, 2016

Klibor
MONTH

SETTLEMENT
PRICE

MAY6
JUN6
JUL6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
TOTAL

2,564

(-36)

Gold

Soyoil US$/Ibs

US$/bbl

US$/troy oz

6400

2,915 0.7300

155.00

CHANGE

96.33
96.35
96.35
96.35
96.35
96.35
96.30
96.26
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21

0.01

VOLUME

OPEN
INTEREST

1980

(RM0.3269/tonne)

48.53

121.25

105000

3800

0.3650

87.50

1340

57500

2500

0.1825

53.75

1020

2700
1950

Crude Oil

CPO RM/tonne

0.5475

152500

Jan 6, 2008

US dollar up 0.4% at threeweek high, euro weakens

1.5
Oct 1, 2000

5100

3450

1200

May 18, 2016

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 RM/tonne

Oct 2, 2006

10000

May 18, 2016

Palm oil falls on higher


output, technical selling

1200

(-36)

Jan 6, 2008

May 18, 2016

0.0000

CPO futures
JUN-16
JUL-16
AUG-16
SEP-16
OCT-16

LAST

2,592
2,587
2,564
2,532
2,507

CHANGE

-40
-33
-36
-36
-33

VOLUME

288
10,288
36,441
11,676
2,554

OPEN CHANGE IN
INTEREST OPEN INTEREST

6,613
61,366
91,314
67,025
16,558

1660

1,275.90
(-1.00)

2,564

CONTRACT

(+0.22)

-438
-166
-2,059
1,405
-108

Malaysian benchmark palm oil futures reversed gains to hit a two-week low yesterday, as speculation over higher output and
CPO/SOYOIL
technical selling dragged the market lower. CPO FUTURES
FUTURES BASIS (USD)
The new palm oil contract for August INDICATIVE ROLL-OVER CURRENT
-80.52
JUN/JUL
5
delivery on Bursa Malaysia Derivatives fell JUN/AUG
3 MONTHS AVERAGE
-67.28
28
1.5% or RM36 to RM2,564 per tonne at the JUN/SEP
6 MONTHS AVERAGE
-82.21
60
evening close. It earlier dipped to RM2,541, JUL/AUG
23
its lowest since May 4.
SGS & ITS EXPORT ESTIMATES (TONNES)
MAR16
APR16
MAY16
Were seeing a technical sell-off, which SHIPMENT DAYS
308/328
305/321
404/391
only happens once the RM2,600 range is 1 - 10TH DAYS
416/451
500/484
575/563
broken and profit-taking comes in, said a 1- 15TH DAYS
DAYS
718/713
724/738
/
trader. There could be speculation of better 11 -- 20TH
25TH DAYS
883/887
883/890
/
output on the back of massive rains in recent FULL MONTH
1,168/1,175
1,088/1,109
/
weeks, but rain is subjective to location.
MALAYSIAN PALM OIL BOARD
JAN15
FEB16
MAR16
APR16
Improving output would weigh down on
1,130
1,043
1,220
1,301
palm oils benchmark prices, which gained PRODUCTION
1,279
1,085
1,334
1,165
nearly 10% in the first quarter of the year on EXPORT
STOCKS
2,308
2,169
1,885
1,800
declining production from a crop-damaging
MPOB Palm oil physical
El Nino.
MAY2016
JUN2016
JUL2016
The El Nino weather event causes scorch- (IN RM/TON)
DELD
2,630
2,650
2,690
ing heat across Southeast Asia, lowering CPO
PK EX-MILL
2,325
2,345
2,370
yields and impacting palm oil production CPKO DELD
4,828
4,845
4,927
in top producers Indonesia and Malaysia. RBD P.OIL FOB
2,730
2,730
2,691
Gains in palm oil benchmark prices, RBD P.OLEIN FOB
2,791
2,791
2,711
2,550
2,550
2,500
which have risen 4.6% so far this year, could RBD P.STEARIN FOB
also be capped by slower demand growth MPOB FFB REF PRICE (MILL GATE PRICE)
REGION
GRADE A
GRADE B
GRADE C
in top consumers China and India.
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
Malaysian palm oil shipments for the first NORTH
20.00% 591
19.00% 565
18.00% 539
half of May grew 14% to 16% from a month SOUTH
20.00% 597
19.00% 571
18.00% 544
20.00% 595
19.00% 569
18.00% 543
ago, a slower growth rate versus the 22% to CENTRAL
32% export rise seen in the first 10 days of EAST COAST 20.00% 591 19.00% 565 18.00% 539
SABAH
22.00% 574
21.00% 550
20.00% 527
May. Reuters
SARAWAK
22.00% 584
21.00% 558
20.00% 534

20.00
Apr 10, 2007

700
May 18, 2016

Brent oil prices ease


despite supply disruptions
Brent oil prices eased yesterday, after hitting
2016 highs in the previous session, as the
impact of unplanned supply disruptions in
Nigeria and Canada was tempered by rising
supplies elsewhere.
US Brent crude futures were trading
at US$49.38 a barrel, 10 US cents higher,
while US crude futures gained 22 US cents
to US$48.53 a barrel.
The two contracts hit 2016 highs of
US$49.75 and US$48.76 per barrel respectively in intraday trade the previous day.
The impact of the supply disruptions
is clearly bigger than most analysts had expected, ABN Amro chief energy economist
Hans van Cleef said.
Unscheduled supply outages in Nigeria and Canada amounting to around two
million barrels per day have supported oil
prices in recent weeks. Reuters

Centrifuged Latex

Aug 31, 2008

Commodities
AGRICULTURE

UNIT

EXCHANGE

RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS

MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC

2,564
553.00
396.25
1,073.75
480.00
119.80
2,916
130.70
16.81
61.50

US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON

KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF

17,050
50
2.0580 -0.0310
1,275.90
-1.00
1,046.50
-8.00
583.50
-2.45
17.06
-0.18
12,185
-100
15,025
-115

LIGHT CRUDE OIL


US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON

NYMEX
NYMEX
NYMEX
ICE
ICE

48.53
0.22
1.4708 -0.0019
2.164 -0.021
49.38
0.10
438.25
1.25

CRUDE PALM OIL


RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON

-36
-0.50
-0.75
-6.50
-1.75
0.325
7
-2.00
-0.29
-0.07

METAL & PRECIOUS METALS


TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC

ENERGY

Sen/Kg

1100

1700

900

1325

484.00

950

(+2.00)

500

553.00
(-0.50)

575

300
Jan 7, 2007

LAST PRICE CHANGE

Rubber - Msia SMR 20

Sen/Kg

700

May 18, 2016

200

May 18, 2016

Jan 7, 2007

May 18, 2016

Markets

32

T HU R SDAY M AY 1 9, 2 0 16 TH EEDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

YOUR DAILY FINANCIAL MARKET S ROUNDUP

I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
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

RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]

KLCI 1,635.72

2.33

FBM ACE 5,641.40

132.07 FTSTI 2,777.11

4.00

NIKKEI 16,644.69

8.11

HANG SENG 19,826.41

STOCK

1,635.72

Index point

KL Composite Index

(+2.33)

1,631.00
(+2.50)

KLCI futures

8:45 9:30

10:30

11:30

12:45

14:30

15:30

16:30 17:15

Daily FBM KLCI


Moving average - 20-day

KL Composite Index
1950.0

DRBHCOMC21
TAANN
PA
NICORP
TIGER-WC
SCOMI
XDL-WC
OPCOM
JOBST
GENTINGC25
DBE
MARCO
TIGER-WB
LIENHOE
HWGB
GOODWAY

VOLUME
('000)

CHANGE
(%)

CHANGE
(RM)

CLOSE
(RM)

HIGH
(RM)

LOW
(RM)

11,448
8,636
8,497
7,357
6,482
5,199
5,058
4,880
4,860
4,841
4,327
3,828
3,491
3,433
3,360
3,212

25.00
-10.89
12.50
7.14
66.67
5.71
100.00
8.96
2.21
1.27
12.50
0.00
0.00
-4.00
0.00
4.17

0.015
-0.490
0.010
0.005
0.010
0.010
0.010
0.060
0.040
0.005
0.005
0.000
0.000
-0.010
0.000
0.010

0.075
4.010
0.090
0.075
0.025
0.185
0.020
0.730
1.850
0.400
0.045
0.160
0.010
0.240
0.060
0.250

0.075
4.480
0.090
0.075
0.025
0.190
0.020
0.740
1.860
0.405
0.045
0.160
0.010
0.280
0.065
0.285

0.055
3.890
0.085
0.065
0.020
0.175
0.010
0.670
1.820
0.370
0.040
0.155
0.010
0.240
0.055
0.210

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
traded for a particular counter on the previous trading day is more than triple the average volume for the
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.

1,635.72
(+2.33)

1667.5

FBM KLCI erases losses on


crude oil amid US rate hike talk

1,663.94

1385.0

1102.5

820.0
Jan 2, 2008

May 18, 2016

900

600

300

Volume (mil)

FBM KLCI futures


CONTRACT

SETTLEMENT

CHANGE

HIGH

LOW

MAY 16
JUN 16
SEP 16

1,631.00
1,628.00
1,616.50

2.50
1.50
1.50

1,633.00
1,629.00
1,617.00

1,618.00
1,615.00
1,606.50

KLCI
POINTS

CHANGE
(RM)

CLOSE
(RM)

VOLUME
('000)

2.36
2.14
0.74
0.63
0.52
0.51
0.38
-0.18
-0.30
-0.30
-0.40
-0.43
-0.60
-0.87
-0.97
-1.51
1.73
0.60
2.33

0.180
0.130
0.050
0.100
1.080
0.040
0.040
-0.010
-0.150
-0.030
-0.200
-0.040
-0.060
-0.260
-0.070
-0.200

4.620
8.660
5.420
8.900
49.080
5.470
14.040
1.590
5.620
1.580
15.800
7.360
4.300
21.200
6.500
7.310

3652.5
12623.9
5317.3
4397.7
494.4
5087.2
5024.6
7067.3
3108.5
18078.1
832.0
7189.0
3578.8
2008.8
7157.4
8163.3

FBM KLCI sensitivity*


DIGI.COM
MAYBANK
AXIATA GROUP
GENTING
BRITISH AMERICAN TOBACCO
MAXIS
TENAGA NASIONALBERHAD
YTL CORPORATION
UMW HOLDINGS
SAPURA-KENCANA
PPB GROUP
SIME DARBY
GENTING MALAYSIA
PETRONAS GAS
IHH HEALTHCARE
MISC
SUB-TOTAL
OTHERS
GRAND TOTAL

* How stock price changes affected the index on the previous trading day

4.40

KLCI FUTURES 1643.50

3.50

STI 2745.39

12.52

RM/USD 4.0170

CPO RM2646.00

32.00

OIL US$47.86

0.26

GOLD US$1269.30

6.20

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

FRIDAY MAY 13, 2016 ISSUE 2166/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

www.theedgemarkets.com

4 HOME BUSINESS

RHBCap eyes M&A


opportunities in
Indonesia
6 HOME BUSINESS

IPI growth slows


to 2.8% in March

IJM, MRCB bag RM2.1b work


packages out of RM4.2b jobs
awarded for MRT2 5 H O M E B U S I N E S S

CONNECT-PR
AAX-WA
AAX
SALUTE
VIVOCOM
VIVOCOM-WB
MTOUCHE
KNM
AIRASIA
ARMADA
MULPHA-OR
EKA
IVORY-WA
ANZO
AWC
SKPETRO
CIMB
BIOHLDG
IOICORP
HSI-C20

TURNOVER
(000)

CHANGE
(RM)

CHANGE
(%)

PRICE
(RM)

PE
RATIO

DIVIDEND
YIELD (%)

131,746.0
106,667.2
84,228.2
74,028.9
69,546.6
48,074.5
44,895.9
42,717.4
40,220.9
33,024.1
31,056.5
26,742.8
23,357.7
19,105.6
18,376.1
18,078.1
17,374.7
15,520.8
13,759.8
13,335.4

UNCH
-0.020
-0.010
0.025
-0.010
-0.010
0.010
0.010
-0.040
0.005
-0.005
-0.005
0.025
-0.005
0.010
-0.030
UNCH
0.015
UNCH
-0.035

UNCH
-5.97
-2.44
3.13
-3.03
-5.56
7.41
2.17
-1.72
0.69
-50.00
-4.00
22.73
-1.75
1.36
-1.86
UNCH
3.95
UNCH
-23.33

0.005
0.315
0.400
0.825
0.320
0.170
0.145
0.470
2.280
0.725
0.005
0.120
0.135
0.280
0.745
1.580
4.320
0.395
4.180
0.115

22.76

15.65
11.97

21.68

12.82
24.36

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.72
1.14
0.00
0.00
0.00
0.00
0.00
1.25
3.24
0.00
1.91
0.00

Top gainers and losers (ranked by RM)


UP
BAT
AJI
F&N
DLADY
HLIND
WARISAN
DIGI
GENP-WA
SAM
TENAGA
MAYBANK
MFLOUR-WB

CLOSE

CHANGE
(RM)

49.080
12.540
23.700
56.000
8.180
2.430
4.620
2.660
6.300
14.040
8.660
0.225

1.080
0.440
0.300
0.200
0.180
0.180
0.180
0.170
0.160
0.140
0.130
0.110

0.020
0.225
0.025
0.015
0.090
0.020
0.020
0.265
0.045
0.025

100.00
95.65
66.67
50.00
38.46
33.33
33.33
29.27
28.57
25.00

DOWN
TAANN
BKAWAN
PETGAS
NAIM
MISC
PPB
PETRONM
LAYHONG
UMW
TASEK
AHEALTH
GOPENG

CLOSE

CHANGE
(RM)

4.010
17.800
21.200
1.950
7.310
15.800
5.310
9.050
5.620
14.860
3.940
1.300

-0.490
-0.300
-0.260
-0.210
-0.200
-0.200
-0.190
-0.180
-0.150
-0.140
-0.140
-0.120

0.010
0.025
0.005
0.020
0.030
0.035
0.030
0.020
0.100
0.105

-66.67
-50.00
-50.00
-50.00
-45.45
-36.36
-33.33
-33.33
-31.03
-30.00

KUALA LUMPUR: The FBM KLCI rose 2.33 points or 0.1% to


1,635.72 yesterday, on bargain hunting amid stronger crude
oil prices. The FBM KLCI bucked Asian share market losses
amid US interest rate hike talk.
Across Asian share markets, Japans Nikkei 225 fell 0.05%,
while Hong Kongs Hang Seng Index closed 1.45% lower. The
MSCIs Broadest Index of Asia-Pacific shares outside Japan
lost 1.1%.
Reuters reported that Asian shares weakened yesterday Top gainers and losers (ranked by percentage)
in the wake of accelerating US inflation and comments from
UP
CHANGE
DOWN
CHANGE
US Federal Reserve officials that rekindled prospects of an
CLOSE
(%)
CLOSE
(%)
interest rate rise as early as June.
SKH-WA
0.010
100.00
HSI-C18
0.005
-66.67
International Brent crude futures were trading at US$49.38
0.010 100.00
DIGI-C7
0.005 -66.67
per barrel, 10 US cents above their last settlement. US West DRBHCOMC18
XDL-WC
0.020 100.00
KFM-WA
0.010 -66.67
Texas Intermediate crude futures were 22 US cents higher MFLOUR-WB
0.225
95.65
HSI-C19
0.025 -50.00
at US$48.53 a barrel.
TIGER-WC
0.025
66.67
MULPHA-OR
0.005 -50.00
M&A Securities Sdn Bhd research head Rosnani Rasul XINGHE-WA
0.015
50.00
DAYANG-CT
0.020 -50.00
0.090
38.46
TAANN-CG
0.030 -45.45
told theedgemarkets.com that with crude oil price gains, DRBHCOMC19
0.020
33.33
UEMS-C29
0.035 -36.36
emerging markets would be able to offset overnight US share TRC-WB
DIGI-C9
0.020
33.33
TAANN-CF
0.030 -33.33
losses.
MRCB-C6
0.265
29.27
SUPERMX-C9
0.020 -33.33
According to conventional wisdom, when Wall Street PETDAG-CP
0.045
28.57
MEDAINC-WA
0.100 -31.03
tanks, we will tank too. But when oil price are steady, we will PBBANK-C4
0.025
25.00
SKPETRO-HD
0.105 -30.00
be able to break from that trend, Rosnani said.
Bursa Malaysia saw decliners led gainers by 518 to 302. Top gainers and losers - warrants (ranked by percentage)
Volume was 1.88 billion shares valued at RM1.99 billion. Top
UP
CHANGE
DOWN
CHANGE
gainer was British American Tobacco (M) Bhd, while leading
CLOSE
(%)
CLOSE
(%)
decliner was Ta Ann Holdings Bhd. by Meena Lakshana SKH-WA
0.010 100.00
HSI-C18
0.005 -66.67
DRBHCOMC18
0.010 100.00
DIGI-C7
0.005 -66.67
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA

I want an edge!
FBM KLCI 1648.98

180.73
180

Daily top 20 active stocks

UNUSUAL MARKET ACTIVITIES

FBM KLCI & KLCI futures intraday

DOW JONES 17,529.98

Market movers

Life is a succession of moments, to live


each one is to succeed. Corita Kent

1638
1636
1634
1632
1630
1628
1626
1624
1622
1620
1618

292.39

CLOSE

CHANGE

17,529.98
2,047.21
4,322.56
6,167.77
5,356.16
2,807.51
19,826.41
25,704.61

-180.73
-19.45
-57.93
16.37
-39.71
-36.17
-292.39
-69.00

INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM

CLOSE

CHANGE

4,734.36
16,644.69
1,956.73
7,534.30
2,777.11
8,159.68
1,400.50
622.45

5.20
-8.11
-11.33
9.46
-4.00
19.20
-6.07
-2.30

Email: hotline@bizedge.com
Fax: (03) 7721 8282

XDL-WC
MFLOUR-WB
TIGER-WC
XINGHE-WA
DRBHCOMC19
TRC-WB
DIGI-C9
MRCB-C6
PETDAG-CP
PBBANK-C4

KFM-WA
HSI-C19
MULPHA-OR
DAYANG-CT
TAANN-CG
UEMS-C29
TAANN-CF
SUPERMX-C9
MEDAINC-WA
SKPETRO-HD

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