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/USD 4.2795 CPO RM2653.00 24.00 OIL US$52.52 1.03 GOLD US$1270.20 8.70
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

MONDAY JULY 31, 2017 ISSUE 2461/2017

FINANCIAL
IMF sees
medium-
term risks

DAILY
in Asia
MAKE 4 HOME BUSINESS
BETTER
DECISIONS
www.theedgemarkets.com
4 HOME BUSINESS

AYS Ventures
expects healthy
earnings growth
in FY18
Developers shrinking
5 HOME BUSINESS unbilled sales
HeiTech Padu eyes
10% of software
testing market
NOT QUITE A CONCERN
by 2020 Most analysts believe sales may pick up albeit
at a slower pace moving forward.
Supriya Surendran has the story on Page 3.

6 HOME BUSINESS

PKNS delays REIT

plan to 2019
11 H O M E

Changing the govt

is no guaranteed
solution Najib
12 H O M E

Passing of e-hailing
services law a key
step Liow Asean vows cooperation with the Middle
2 0 2 1 L I VE I T !

Rolls-Royce unveils
East amid growing militant threat
PA G E 2
the Phantom VIII
2 M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ON EDGE T V
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
How Steve Wynn
lost US$10m
The bottom fell out and all the players won millions playing baccarat
BY CHRISTOP HER PALM E RI
& DANIELA W EI
LOS ANGELES/HONG KONG: In
the casino business, its a cliche
that the house always wins. But at
Wynn Resorts Ltd last quarter, the
tables turned.
Last Tuesday, casino billionaire
Steve Wynn (pic) revealed that a
junket operator in his Macau casi-
nos essentially a subcontractor
brought in clients whose win-
nings cost the casino more than
US$10 million (RM42.8 million)
in April, an astonishing swing for
a business that can generate profit
of as much as US$50 million.
We had probably the most
unique statistical anomaly in my
50 years of doing this, the founder
and chief executive officer of Wynn
Resorts told analysts on a conference
call. And that is with enormous
volume, one of our leading outlets
lost money for the entire month.
The contractor was Suncity
Group, one of Macaus largest jun-
ket operators, according to people
familiar with the matter. Contacted
by Bloomberg, Suncity said it didnt
have any information to disclose
about the matter.
Venezuelan candidate killed
BY M AR IA ISABEL S ANC HE Z
CARACAS: Deadly violence erupted
around a controversial vote held in
Venezuela yesterday, with a candi-
date to the all-powerful assembly
being elected shot dead in his home
and troops firing weapons to clear
protesters in Caracas.
The unrest highlighted the ten-
sions over the vote called by belea-
guered President Nicolas Maduro
despite months of demonstrations
and fierce international criticism.
He is gambling his four-year rule
The loss occurred at baccarat ta-
bles at the Wynn Palace, the new
US$4.2 billion resort on Macaus Co-
tai Strip. In a system prevalent in that
market, junket operators bring high
rollers to the casinos, front them cash
and set them up in private rooms.
The casinos pay the operators a com-
mission based on the amount their
clients bet, and are on the hook for
the gamblers winnings.
The bottom fell out and all of
the players won millions of dollars,
said the 75-year-old casino mogul.
Gambling is a matter of probabil-
ities, and with baccarat the swings
can be extreme. The game attracts
the biggest bettors in the world and
offers among the best odds for play-
ers, with the house advantage av-
eraging 1.2%. That means a player
can expect to lose US$1.20 for every
US$100 bet over time. In slot ma-
chines its as much as US$12.
Given the high volume of players
and betting, being unprofitable for a
whole month is unusual, said Rob-
ert Hannum, a professor of risk and
gaming at the University of Denver.
The odds are astronomical-
ly high, he said in an email. Of concentrated segment that a couple
course, black swans do occur and
some might say that anything can
on the 545-member citizens Con-
stituent Assembly empowered to
dissolve the opposition-controlled
congress and change laws as it re-
forms the nations constitution.
A candidate for the new body in
Venezuelas south-eastern town of Ci-
udad Bolivar, 39-year-old lawyer Jose
Felix Pineda, was killed from multiple
shots fired by assailants who broke into
his home overnight, prosecutors said.
He was the second candidate
to be murdered, after the July 10
death of another, Jose Luis Ri-
vas, as he was campaigning in the
For breaking news updates go to
www.theedgemarkets.com
happen in the casino business.
The Wynn Palace, which opened
in August of last year, has disap-
pointed in other ways. Construction
on all sides of the new property has
hampered access, Wynn said. The
shortfall there contributed to a sec-
ond-quarter earnings miss at Wynn
Resorts. The shares lost almost 8%
of their value over two days.
The volatility of the business has
prompted some casino operators
to report their results on a hold-ad-
justed basis, meaning they also tell
investors what revenue would have
been had winnings been more in
line with historical norms.
In January, Las Vegas Sands Corp
blamed one lucky gambler for con-
tributing in part to a US$15 million to
US$20 million shortfall at its new Pa-
risian resort in Macau. Last Wednes-
day, the company said the volatile
high-end baccarat play contributed
to a US$100 million revenue bump
at its Marina Bay Sands in Singapore.
Lets be clear, we had a lot of luck
this quarter, president Rob Goldstein
said on an earnings call. I think it
bears repeating that this is a highly
regional forum made up of 10 na-
of dozen players can make a differ-
ence in a quarter. Bloomberg
northern city of Maracay.
In the west of Caracas, national
guard troops fanning out to put down
any disruption to the election used
armoured vehicles and fired shots to
disperse protesters blocking roads.
The opposition has called for a
boycott and mass demonstrations
against the election, which it calls a
bid by Maduro to instal a dictator-
ship with the backing of the military.
Four months of protests against
Maduro and the new assembly have
left more than 100 people dead.
AFP
Asean vows
cooperation with
the Middle East
amid growing
militant threat
BY TO M A L L A R D
MANADO (Indonesia): Southeast
Asian nations will cooperate more
closely with intelligence and law
enforcement authorities from the
Middle East amid grave concerns
about an elevated threat from Is-
lamic State (IS) in the region.
Representatives from four South-
east Asian nations, Australia and New
Zealand met in the Indonesian city
of Manado on Saturday to develop
a response to the increased danger
posed by IS, highlighted by the oc-
cupation of parts of the southern
Philippines city of Marawi by mili-
tants owing allegiance to the group.
The battle has sparked alarm
that as IS suffers reversals in Iraq
and Syria, it is seeking to create a
stronghold in the region, buttressed
by Southeast Asian fighters return-
ing from the Middle East and other
militants inspired by the ultra-rad-
ical group and the Marawi conflict.
Describing the regional threat
from Islamist militants as growing
and rapidly evolving, a joint state-
ment by the participants called for
enhanced information sharing, as
well as cooperation on border con-
trol, deradicalisation, law reform
and countering Islamists prolific
use of social media to plan attacks
and lure recruits.
The meeting was co-hosted by
Indonesia and Australia. The other
participants were Malaysia, the Phil-
ippines, Brunei and New Zealand.
The main initiative was a law en-
forcement dialogue to be co-hosted
by the Indonesian and Australian po-
lice forces in August, bringing togeth-
er key stakeholders affected by IS.
Two senior law enforcement
sources at the Manado meeting
said countries from the Middle East,
including Turkey, would attend
the summit to kick off cooperation
across the two regions.
According to Indonesian police,
there are 510 Indonesian support-
ers of IS in Iraq and Syria, including
113 women.
Marawi has been a hotbed of Isla-
mist unrest for decades and a magnet
for militants from around the region.
While Asean, the multilateral
tions, has long had a framework for
cooperation on combating violent
extremism, analysts and officials
say coordination has been poor.
A report last week from the Jakar-
ta-based Institute for Policy Analysis
of Conflict identified formidable ob-
stacles to greater cooperation among
Indonesia, Malaysia and the Phil-
ippines, the front-line states facing
the Islamist threat in Southeast Asia.
These include the deep-seat-
ed political distrust between the
Philippines and Malaysia that im-
pedes information sharing; concern
from Indonesia and Malaysia police
about mixed loyalties of local coun-
terparts in Mindanao, especially
given clan and family links; and
institutional disjunctures that give
the lead in counterterrorism to the
police in Indonesia and Malaysia
but to the military in the Philip-
pines, the report said. Reuters
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Developers shrinking unbilled
sales not quite a concern
Most analysts believe sales may pick up albeit at a slower pace moving forward
BY S UPR I YA SU REND RA N
KUALA LUMPUR: The contrac-
tion in unbilled sales in the past
one year may not pose that much
of a concern to property devel-
opers earnings.
The decline in unbilled sales
is quite a surprise, said analysts
who track the domestic property
sector, as the smaller figures are
mainly due to the delay of new
launches after the puncture of
the property boom in 2015. How-
ever, most of them concur that
things are unlikely to get worse,
instead sales may pick up albeit
at a slower pace moving forward.
HLIB Research property an-
alyst Lee Meng Horng said that
the declining level of unbilled
sales recorded by most devel-
opers today are reflective of the
softer market conditions in 2015
and 2016.
Many property developers
held back launches in 2015 and
2016, and when they dont launch
they dont sell, hence the replen-
ishment of unbilled sales was
not there.
For this year most develop-
ers have guided on a flat growth
in sales, barring a downturn in
their forecasts, I dont think the
declining levels of unbilled sales
are indications of a deteriorating
property market, he told The
Edge Financial Daily.
Kenanga Investment Bank
head of equities research Sarah
Lim Fern Chieh opined that inves-
tors should not look at unbilled
sales alone.
As long as unbilled sales vis-
ibility remains close to one year
in general and also assuming that
developers can maintain flat-
tish sales over the next couple
of years, it would mean steady
earnings trajectory over the next
few years.
For example, looking at the
overall sector, if you talk about
good days of 2013 to 2014 we saw
our universe average unbilled
sales visibility peak at 1.5 years,
and currently now, based on our
average estimates, it is about 1.1
years, she told The Edge Finan-
cial Daily.
Property developer Hua Yang
Bhd has reported unbilled sales
halved to RM204.31 million as
of June 30, 2017 from RM410.07
million in June last year. Hua
Yangs earnings took a beating.
The companys net profit plunged
nearly 93% to RM1.72 million for
the first financial quarter ended
June 30, 2017, while its quarter-
ly revenue contracted 62.5% to
RM47.94 million.
The group explained that the
lower profitability was because its
new launches were at preliminary
stages of construction, and had
HOME BUSINESS 3
Table 1: Unbilled sales of property developers and this fell further in 2016 to
203,064 units transacted at a to-
AS AT DEVELOPER 2017 2016 tal of RM65.57 billion.
May 31 Eco World Development Group Bhd RM6.32 billion RM4.5 billion While unbilled sales are
Jan 31 Gamuda Bhd RM2 billion RM 1 billion shrinking, many developers are
April 30 Glomac Bhd RM556 million RM652 million
seeing rising inventories on their
balance sheets an indication
March 31 Eastern & Oriental Bhd RM841 million RM1.2 billion
of unsold units piling up.
June 30 Hua Yang Bhd RM204.31 million RM410.07 million As the inventories are prop-
March 31 Matrix Concepts Holdings Bhd RM859.5 million RM621.4 million erties and not machinery, taking
March 31 Mah Sing Group Bhd RM3.5 billion RM4.53 billion them off the balance sheet is not
June 30 I-Bhd RM334.7 million RM718.6 million as simple as a write-off they
March 31 Sime Darby Bhd RM1.78 billion RM1.28 billion would need to be sold.
March 31 MKH Bhd RM638 million RM827 million
Rising number of unsold units
raises concern about whether
March 31 S P Setia Bhd RM7.84 billion RM8.6 billion
this would affect their cash flow.
March 31 Tambun Indah Land Bhd RM153.8 million RM354.42 million One bank-backed analyst
March 31 Tropicana Corp Bhd RM2.3 billion RM3 billion opined that it does have cash
March 31 UEM Sunrise Bhd RM3.7 billion RM4.7 billion flow implications, but pointed out
March 31 UOA Development Bhd RM1.57 billion RM1.1 billion that developers would be able to
April 30 LBS Bina Group Bhd RM1.41 billion RM1.11 billion find ways to sell the inventories.
Sources: Bursa Malaysia announcements and news reports
I dont think its a main point
of worry at this juncture; usu-
ally there are ways for develop-
yet to contribute significantly. Table 2: Inventory levels of developers ers to take the inventories off
In its review on the company the balance sheet, for example
dated July 14, Kenanga Research AS AT DEVELOPER 2017 (RM000) 2016 (RM000) there could be related party sales
noted that Hua Yangs unbilled April 30 Eco World Development Group Bhd 24,707 25,025 transactions in the form of sales
sales of RM204 million would April 30 Gamuda Bhd 214,192 146,832 of the unsold units to directors,
only last for another one to two April 30 Glomac Bhd 153,230 120,058
he said.
quarters. Developers have long put the
We opine that Hua Yang March 31 Eastern & Oriental Bhd 456,947 212,620 blame on tougher lending re-
should be more aggressive in driv- June 30 Hua Yang Bhd 36,961 42,784 quirements from banks that have
ing its sales from its launched March 31 Matrix Concepts Holdings Bhd 383,216 459,907 led to the slowdown in the prop-
projects, which have received March 31 Mah Sing Group Bhd 345,538 176,470 erty market, with calls to review
slow response from the market, June 30 I-Bhd 136,672 54,904 housing loan criteria for poten-
said Kenanga Research. March 31 S P Setia Bhd 851,429 831,674 tial buyers of affordable houses.
Year to date, Hua Yangs share March 31 Tambun Indah Land Bhd 1,378 1,960
However, in a July 18 state-
price fell by 24% to 86 sen last ment, Bank Negara Malaysia
Friday. Kenanga Research had March 31 Tropicana Corp Bhd 35,155 128,542 highlighted that the hindrance
an underperform call on Hua March 31 UEM Sunrise Bhd 633,534 407,647 to home ownership was the af-
Yang, with a target price (TP) of March 31 UOA Development Bhd 216,869 132,820 fordability of homes, an issue
95 sen. The research outfit noted March 31 LBS Bina Group Bhd 184,541 99,910 which had yet to show significant
that it does not rule out the po- Source: Bursa Malaysia improvement.
tential of a cash call if Hua Yang The central bank noted that the
acquires the remaining 70% stake average national house prices re-
in Magna Prima Bhd in the future. drop sharply upon delivery of definitely improved compared mained at 4.4 times of the median
Lim said that some bigger certain overseas projects, so for with previous years. income the affordable range
the bigger players with overseas I am constantly talking to es- is 3.0 and below with lower
exposure their unbilled sales may tate agents and property players affordability recorded for some
Many property not be truly representative of their out there every single day and major states and urban cities.
developers held back real earnings visibility, she said. the feedback I get from them is It pointed out that RM40 bil-
launches in 2015 and midst For S P Setia, which is in the they are busier now than they lion of housing loans had been
of taking over its sister com- were last year. approved in the first five months
2016, and when they pany I&P Group Sdn Bhd from its Although much of that busy- of 2017 to more than 152,000 bor-
dont launch they controlling shareholder Permoda- ness hasnt translated into sales, rowers, and that three quarters of
dont sell, hence the lan Nasional Bhd for RM3.65 bil- usually the market starts buzzing them were first-time house buy-
lion cash, its unbilled sales stood before the sales come in. I think ers. The approval rate for hous-
replenishment of at RM7.84 billion as at March 31, 2017 would be a flattish year in ing loans has also been stable at
unbilled sales was not from RM8.6 billion a year ago. terms of property sales, while 74%, it said.
there. In a June 23 note, HLIB Re- 2018 and 2019 should improve An analyst with a local invest-
search said it remained positive barring any unforeseen circum- ment bank said the core issue of
about the proposed acquisition stances, he said. housing loans isnt approvals, in-
of I&P Group given the attractive National Property Information stead its the margin of financing.
property players, such as S P Se- acquisition price which is revised Centre data from 2001 to 2016 in- I think the issue is more on
tia Bhd that have overseas con- net asset value-accretive. The firm dicated that 2012 had the highest getting the right margin of fi-
tributions, may have distorted had a buy call on S P Setia with number of residential property nancing, for example a person
unbilled sales visibility due to a TP of RM4. transactions during the 16-year who applies for a housing loan
timing of contributions from their Axis REIT Managers Bhd head period at 272,669 units worth expects to get a loan that covers
overseas developments as sales of investments and Malaysian In- RM67.76 billion. 90% of the house price, but the
are only recognised on a comple- stitute of Estate Agents immediate In terms of value of trans- bank grants 85% and the person
tion basis, rather than progressive past president Siva Shanker said actions recorded, 2014 was the ends up forking out the remain-
billings as done so here. that though it is too soon to say highest with 247,251 units worth ing 5%, which for many people
For the bigger players such as whether there will be a residen- RM82.06 billion transacted. nowadays it is tough to do that
S P Setia, you may see a massive tial property market upturn this Both volume and value de- and may delay them from going
build-up in unbilled sales over year from the nightmare years clined in 2015, with 235,967 units through with buying the house,
a period of time and they may of 2015 and 2016, the situation has transacted at RM73.47 billion, he said.
4 HOME BUSINESS M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY

IMF sees medium-term risks in Asia

Malaysia susceptible to changes in Chinese economy, says fund
BY SA M A N THA H O
KUALA LUMPUR: Asian coun-
tries remain the bright spot of
the worlds economy, but medi-
um-term uncertainties are clouding
their horizon, says the International
Monetary Fund (IMF).
While economies such as Chi-
na, Japan, India and the Asean-5
(Indonesia, Malaysia, the Philip-
pines, Thailand and Vietnam) are
set to drive the lions share of world
growth, key risks remain, said IMF
deputy director of research, Gian
Maria Milesi-Ferretti.
Right now, foreign investors are
in a really good mood not just
about Malaysia, but generally. But
we know that those moods change
and there are many factors out there
that could push global confidence
in a direction that is less optimistic,
Milesi-Ferretti said in an interview
with The Edge Financial Daily.
These include a slowdown in Chi-
nas economic growth, the tightening
of monetary policy in the US, and
the threat of protectionist policies
in major economies, he said.
At a media briefing on the its
July update to the World Economic
Outlook (WEO) last week, the IMF
said it has revised upwards Malay-
sias 2017 gross domestic product
growth forecast to 4.8% from 4.5%
previously, based on the countrys
strong first-quarter data.
However, Malaysia remains one
of the most susceptible economies to
any spillovers, adverse or otherwise,
from shifts in Chinese economic ac-
tivity (see chart). China is Malaysias
largest trading partner by country,
registering 16.4% or RM25.21 billion
as at May 2017, according to statis-
tics from the international trade and
industry ministry.
While the IMF has upgraded its
2017 growth forecast for China by
0.1% to 6.7% to reflect the countrys
strong first-quarter results, Mile-
si-Ferretti pointed out that Chinas
excessive credit growth could end in
an abrupt slowdown that would have
adverse effects on other countries.
He added that as Malaysia is also
an exporter of commodities, there
could be headwinds from lower rev-
enues on that score.
In the World Economic Outlook
update, the IMF had recommended
that commodity exporters should
prepare themselves for lower rev-
enues, as any changes to the eco-
nomic trajectory in China could add
downside risks to emerging markets.
We have seen how a decline in
levels of investment in China, though
still sky-high compared to most other
countries, was a major factor behind
the recent adjustment to commodity
prices, said Milesi-Ferretti.
Meanwhile, a tightening of US
monetary policy will also play a sig-
nificant role in shaping the path of
Asian economies, particularly for
more open emerging markets that
Exposure to China spillovers
on the Feds reasons for the hike.
Trade channel
Thailand, Vietnam
South Korea, Australia
Singapore
Taiwan
Malaysia
Japan New Zealand
Indonesia
Financial channel Commodity price
channel
Source: International Monetary Fund
regularly see high capital inflows pected pace of interest rate normal-
and outflows. isation will have to be reconciled at
While the tightening of its balance some point, he said.
sheet is not expected to happen very Either markets will come to re-
quickly as the US Federal Reserve alise that the Fed will raise interest
(Fed) intends to proceed in a da- rates a little faster than they expect,
ta-dependent way, Milesi-Ferretti in which case long-term rates will go
said the level at which the countrys up, or it will turn out that the market
Federal Open Market Committee in- is right, and that the world economy
tends to increase interest rates cur- needs more support, he said.
rently appears to be steeper than As of yet, the Fed appears to be
market expectations. playing along with market expecta-
This divergence between the ex- tions, Milesi-Ferretti noted. However,
whether or not a faster-than-expect-
ed rate hike is positive or negative for
the world economy largely depends
To the extent that the Fed pro-
ceeds because the US economy is
stronger, it would be good news for
the world economy. It would be a
different matter if the Fed were to
proceed because inflation is picking
up, [but] we dont see those signs
so far, he said.
In the event that rates are raised,
however, markets that are more
exposed to capital flow volatility
and which are less firm may suffer
from more strained global financial
conditions, he said.
In coping with such risks, Mile-
si-Ferretti recommended that coun-
tries, including Malaysia, main-
tain flexible exchange rate policies,
which could act as a shock absorber
for more open economies.
Depreciation [of the ringgit]
could be used to make Malaysian
assets more attractive to foreign in-
vestors as [it would lead to] a decline
in the prices of exports, he said.
At the launch of the WEOs July
update, IMF economic counsellor
and director of the research de-
partment, Maurice Obstfeld, com-
mended Malaysias steady-handed
approach to monetary policy so far
and successful efforts to increase
the sustainability of debt levels,
which have been trending down-
wards.

AYS Ventures expects healthy earnings growth in FY18

BY N E I LY SYA FI QA H EU SO FF
SHAH ALAM: Steel product man-
ufacturer AYS Ventures Bhd has
earmarked about RM35 million
for capital expenditure (capex) in
the current financial year ending
March 31, 2018 (FY18) to install a
fully automatic computer numer-
ical control (CNC) facility, cou-
pled with a warehouse complex
building, within the Port Klang Free
Zone (PKFZ).
Its executive director, Oh Yung
Sim said the capex spent was ex-
pected to improve the groups per-
formance in terms of achieving
greater cost efficiency as well as
cultivating better earnings growth.
This would also enable AYS to
venture into the industrialised
building system (IBS) a con-
struction technique that the gov-
ernment is urging construction
firms to adopt.
The focus is on how to keep
improving the group. With the new
expenditure, it should improve the
companys performance.
Our hope is always positive, al-
though uncertainties happen every
day. As long as our government in-
frastructure projects [are] still there,
we think it should be positive unless
our country stops the [infrastruc-
ture] developments then our
business will be affected, he said.
There is a capex commitment;
the entire capex is about RM35 mil-
lion. However, some [RM7 million]
has been incurred, Yung Sim told
The Edge Financial Daily recently.
Yung Sim believes that demand
for steel products is still on the
growth path, and AYS is expect-
ing healthy earnings growth in FY18
and beyond.
The focus is on how
to keep improving the
group. With the new
expenditure, it should
improve the companys
performance.
For the full financial year end-
ed March 31, 2017 (FY17), AYS
net profit grew by 236% to RM27.8
million from RM8.3 million earlier.
Revenue, however, dropped 10.4%
to RM530.1 million against RM591.4
million in FY16.
AYS share price has gained
about 83% since the start of the
year, thanks to renewed interest
in steel-related companies amid
a recovery in steel prices and ex-
pectations of higher demand as a
result of the ongoing mega infra-
structure projects in Malaysia. Its
share price closed at 60 sen last
Friday, compared with the recent
peak at 66 sen on June 13.
Previously, AYS was only in-
volved in the trading of steel prod-
ucts. Over the years, the group has
broadened its product range to pro-
vide value-added services as well.
The CNC structural steel facility,
known as a service centre, will pro-
duce steel structural components
in accordance with customers de-
signs and requirements.
It is a value-added service com-
plementing our trading whereby the
machine is used for [the] cutting
and drilling of the material (steel).
It can be called the beam ser-
vice centre (long product service
centre). Basically, it is a service
centre to cater to our existing range
of products then we have val-
ue-added services, Yung Sim said.
Meanwhile, Jess Oh Pooi Foon,
who is also the companys executive
director, said the groups ability to
produce custom-made products
will allow it to have a stronger col-
laboration with customers.
We actually take up part of their
(customers) work, and help them in
terms of cost-saving and time-sav-
ing, said Pooi Foon, adding that
the groups customers would then
be able to reduce their manpower
and transport resources and speed
up the workflow.
Yung Sim said the CNC facility
was expected to be commissioned
by the third financial quarter end-
ing Dec 31, 2017.
The machine is still in the pro-
cess to come into our premises. The
actual operation commencement
would probably be [in] early next
year, he said.
In addition, Pooi Foon said the
new processing facility would also
enable the group to develop IBS,
which was in line with the Malay-
sian governments objective of pro-
moting IBS.
IBS is actually known as a final-
ised system; it is like Lego which is
ready to [be] assembled.
Through this concept, the mate-
rials that are used for construction
will be ready to [be] assembled at
the site. They dont need to rely
so much on labour and it reduc-
es environmental issues as well,
she added.
On the warehouse complex,
Yung Sim noted that the group has
leased a plot of land measuring
10 acres (4.05ha) within PKFZ to
build a covered warehouse of about
150,000 sq ft, which will operate as
a warehousing service.
It is actually a warehousing ser-
vice for us to keep steel products.
We will be the anchor customer
of this warehouse, and, of course,
we will also offer to sell it to other
customers, he said.
The group exports its products
to China, Laos, the Middle East,
Singapore, South Africa, Vietnam
and other Asean countries.
In fact, we already have exports;
only the quantum is not that much.
But we think as we have invested
in a warehouse within PKFZ, this
would help us to expand to more
areas, Yung Sim said.
Currently, AYS operates three
factories and three warehouses in
Klang, Selangor, covering a com-
bined factory and warehousing
area of about 425,000 sq ft.
Upon completion, the combined
factory and warehousing area of
the group will increase to about
578,000 sq ft.
Yung Sim said the warehousing
operation is targeted to commence
by the first quarter of next year.
The warehouse is an ongoing
project; it is still in progress and
expected to be ready by FY18.
Physical completion will proba-
bly be in the third quarter, but we will
be able to start operation during [the]
last quarter of FY18, he explained.
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
HeiTech Padu eyes
10% of software testing
market by 2020
Group plans to expand segment into stand-alone business division
BY A H M AD NAQ I B I D RI S
& E M I R Z A I NU L
KUALA LUMPUR: HeiTech Padu
Bhd is eyeing to secure 10% of
the Malaysian software testing
market by 2020, as the group aims
to set up a new software testing
business segment.
According to International
Data Corp, the local software
testing market is projected to
be worth US$2.9 billion by 2020,
compared to US$319 billion in
2012.
While software testing is not
new for the ICT solutions pro-
vider, as it forms a part of the
groups provision of end-to-end
solutions, HeiTech Padu chair-
man Datuk Seri Mohd Hilmey
Taib said the group is now plan-
ning to expand the segment into
a standalone business division.
He said the group is expecting
the demand for software testing
to grow with the requirement for
testing by an independent ver-
ification and validation (IVV)
partner being made mandato-
ry in 2016.
Hilmey said there are current-
ly four IVV partners in Malaysia,
including HeiTech Padu.
In 2016, the government
adopted a new policy, which is
being circulated by the finance
ministry, that stated all mission
critical systems, such as those
used by the Royal Malaysian Cus-
toms and the Inland Revenue
Board, are to be tested and cer-
tified by an IVV partner.
This requirement is still new
and most of the systems have yet
to be certified, so there is huge
potential for us in this segment,
he said.
Most of the investment in
the software testing venture
has been for getting its employ-
ees qualified as certified testers,
said Hilmey, and it costs about
RM250,000 per person.
To date, HeiTech Padu has
certified 20 employees, bring-
ing the total investment to about
RM5 million.
To further strengthen its cre-
dentials, HeiTech Padu is also
in the midst of acquiring anoth-
er certification, known as the
test maturity model integration
(TMMI) certification.
HeiTech Padu executive
vice-president and group chief
executive officer for the public
sector division Ariff Mokhtar said
the TMMI certification is impor-
tant for the group to compete
with bigger players.
In Malaysia, there are only
two software testers that are eye-
HOME BUSINESS 5
Hilmey said
the group now
prefers to secure
several smaller
contracts, rather
than a single
large-sized
contract like in
the past. Photo
by Patrick Goh
ing the TMMI certification. Be-
sides us, theres Mesiniaga Bhd.
The local software testing mar-
ket is currently dominated by
big international firms such as
Tata Consultancy Services and
Accenture.
Most of the GLCs (govern-
ment-linked companies) are hir-
ing consultants from overseas, so
we want to capture that market,
he said.
Ariff added that the TMMI cer-
tification will also make it easier
for the group to market its ser-
vices in foreign markets.
While the software testing seg-
ment is expected to eventually
be one of the groups core busi-
nesses, Hilmey said it will take
some time before the segment
sees significant contributions.
Its still early days. We have
not really been aggressive in mar-
keting our software testing ser-
vice as we need to understand
how the market behaves. How-
ever, we are targeting to secure at
least 10% of the market in 2020,
he said.
Meanwhile, the group will fo-
cus on delivering its outstand-
ing contracts under its IT seg-
ment, which will continue to be
the main earnings driver for the
group.
Hilmey said the group now
prefers to secure several small-
er contracts, rather than a single
large-sized contract like in the
past, as the contributions from
bigger jobs tend to be lumpy.
We would prefer to get a few
RM10 million-sized projects rath-
er than just one RM300 million
project, so that our revenue
stream would be more stable
going forward, he said.
For the first quarter ended
March 31, 2017, HeiTech Padus
net profit jumped fivefold to
RM2.54 million from RM456,000
in the previous years correspond-
ing quarter, supported by better
margins from its IT division. Reve-
nue rose 55% to RM133.86 million
from RM85.92 million.
Following the first-quarter
results, we hope to register better
financial performance in finan-
cial year 2017 (FY17), driven by
the managed services, data cen-
tre and disaster recovery busi-
nesses under the IT segment,
Hilmey said.
Year to date, HeiTech Padus
share price has appreciated
61.9%, vastly outperforming the
FBM KLCIs 7.6% gain during
the same period. Last Friday,
the counter closed unchanged
at 91.5 sen, giving a market cap-
italisation of RM92.62 million.
6 HOME BUSINESS
PKNS delays REIT plan to 2019
The proposal has been weighed down by a challenging rental market
BY SU LHI A ZMA N
KUALA LUMPUR: The Selangor
State Development Corp, better
known as PKNS, has postponed
its initial target of establishing a
real estate investment trust via its
property investment unit PKNS
Real Estate Sdn Bhd (PKNS RE)
by 2018 to 2019, while it contin-
ues to look for good buys to raise
PKNS REs total asset value to
RM1 billion.
The proposal to set up a REIT
is an ongoing process, as many
building owners are grappling
with the challenging rental mar-
ket, PKNS chief executive officer
(CEO) Noraida Mohd Yusof told
The Edge Financial Daily in an
interview.
As for PKNS RE, they will
need to improve their yield and
at the same time scout for good
assets, while waiting for the rental
market to recover, added Norai-
da, who is also currently chairing
PKNS RE.
In 2015, this paper reported,
quoting PKNS RE general man-
ager Fakru Radzi Ab Ghani, that
PKNS was looking to put its com-
mercial property assets, which
Crescendo sees better earnings in FY18
BY SU L HI A ZMA N
KUALA LUMPUR: Crescendo Corp
Bhd expects its property devel-
opment division to lift earnings
higher in the current financial year
ending Jan 31, 2018 (FY18).
The group nearly quadrupled
its net profit to RM70.31 million
in FY17 from RM17.69 million in
FY16, mainly due to higher proper-
ty sales. Revenue jumped 30.7% to
RM254.36 million from RM194.57
million for the previous year.
Crescendo chairman and man-
aging director Gooi Seong Lim said
the group had lined up several
properties in Johor for launches,
with a total gross development
value (GDV) of some RM300 mil-
lion in FY18.
They comprise 881 affordable
housing units, together with 268
units of mid-market landed homes
and 36 units of shop offices.
Crescendo has a higher GDV
target for FY18, compared with the
previous years GDV of RM288 mil-
lion, which comprised eight units
of mid-market landed homes, 70
units of various sizes of factories
ranging from terrace to detached
factories, and 248 units of afforda-
ble housing.
Property sales [for FY18]
should come in better than the
FY17 numbers, Gooi told The Edge
Financial Daily in a telephone
interview. Gooi is a major share-
included the Shah Alam Conven-
tion Centre (SACC) Mall and Me-
nara PKNS Petaling Jaya, into a
REIT and list it on Bursa Malaysia
within three years.
Now, Fakru Radzi, who is now
PKNS RE CEO, said the new time-
line to establish the REIT within the
next two years is just a preliminary
target as the countrys rental mar-
ket is going through a challenging
cycle, affected by many macroeco-
nomic factors.
The macroeconomic factors
are affecting many building owners
andd we see tenants cutting jobs,
andd eventually relocating
Fakru Radzi:
Macroeconomic factors
are aecting many
building owners and
we see tenants cutting
jobs, and eventually
relocating their
business.
Photo by Low Yen Yeing
holder of Crescendo, with a 70.6%
stake as at April 21, 2017.
While acknowledging that Jo-
hors property market sentiment
had been soft, Gooi said Crescen-
do was not worried at all, adding
that it was ever positive and op-
timistic.
The major concern in regard to
demand is primarily in the high-
rise residential market segment.
However, we are embarking on
landed developments there com-
prising not only residential units
but also factories and shop offic-
es which enjoy better margins,
he added.
Gooi also noted that demand
for medium-cost landed homes in
Johor Baru remains good because
many Johoreans are employed in
Singapore and hence are qualified
for end-financing schemes.
Other factors underpinning
his optimism about the southern
states property market are a good
rental market, prime location and
improvement in the residential
market.
Property investors will also be
keen to buy our tenanted industrial
properties because they can get a
high return on their investment,
Gooi said, adding that the rental
market for industrial properties in
Johor is expected to be good as it
can cater for industrialists who are
currently not ready to enter into
purchase commitments.
their business. Building owners
used to be able to raise rental rates
by 10% to 15% in the past, but to-
day, to even raise the rate by 5% is
a big challenge, Fakru Radzi said
in a recent phone interview with
The Edge Financial Daily.
As such, many building own-
ers are willing to keep the current
rental rates and will move to raise
the rates when economic pros-
pects further improve, he added.
According to the Asia Pacific
Real Estate Market Outlook 2017
for Malaysia, the Klang Valley mar-
ket will continue to be a tenants
market with no fluctuation in
rental expected, while build-
ing owners will be more
aggressive in attracting
tenants.
Overall, rental rates
continue to remain flat-
tish [but] investment
prospects remain firm,
driven by the depreci-
at e d c u r re n c y
which will fa-
vour foreign
Gooi added that an oversup-
ply of high-rise developments,
together with a weaker ringgit,
have shifted demand to landed
residential and more affordable
properties.
Demand for landed residential
and more affordable properties will
improve in view of better economic
growth and active developments
within Iskandar Malaysia, he said.
For the first financial quarter
ended April 30, 2017 (1QFY18),
Crescendos net profit fell 32.5%
to RM4.36 million from RM6.46
million a year ago, while revenue
slipped 0.9% to RM47.85 million
from RM48.29 million in 1QFY17.
The group blamed the weak-
er first-quarter performance to
a change in the sales mix with a
higher proportion of residential
property sales which have a lower
margin compared with commer-
cial and industrial properties.
Crescendo currently has un-
billed sales of RM180 million
which Gooi expects the group to
recognise over the next two finan-
cial years.
We do not expect the gearing
to increase significantly in the near
future, and our financial footing
remains resilient in challenging
times, he said.
The group is also planning to
launch four major projects consist-
ing of residential units, factories,
landed shoplots and affordable
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
investment activities in Malaysia,
according to the report, which
was published by real estate firm
CBRE-WTW.
Ideally, Fakru Radzi said PKNS
RE wants to increase its total asset
value to RM1 billion before estab-
lishing the REIT.
We own six assets, which
are currently valued [at] close to
RM700 million. To be more ready,
we are looking for more good-qual-
ity assets perhaps Grade-A office
space in prime areas, he said.
One of the six assets is Menara
Worldwide, a 25-storey office tower
in Bukit Bintang. The remaining five
comprise retail malls spread across
Shah Alam, Bangi and Petaling Jaya.
Fakru Radzi said PKNS RE is still
flush with ample liquidity and can
take up another round of strategic
acquisitions worth a total RM300
million, and that it has plenty of
room to accommodate debt-fund-
ed buys.
PKNS REs gearing currently
stood at 20%, and lower than 32%
of the average gearing of compara-
ble REITs with similar asset value
that are listed on Bursa Malaysia,
he said.
This means we [can accom-
houses under the Johor affordable
housing scheme with a combined
GDV of RM457 million over FY18
and FY19.
Gooi said Crescendos land
bank currently stands at 2,763
acres (1,118ha), of which 1,443
acres or 52% are located within
a 75km radius of the Johor city
centre.
We are unable to estimate the
total potential GDV that can be
generated from the land, as a large
part of the land bank development
and building plans has not been
finalised yet, said Gooi.
However, the group has no
plans to replenish its land bank
for now.
On its construction business,
Gooi said Crescendo has no ex-
tensive expansion plan to expand
it further as it is seen as comple-
mentary to its property develop-
ment business.
Gooi said around 80% of the
groups construction order book
comes from in-house projects,
while the remaining 20% is from
external projects.
Crescendo will be cautious in
tendering external construction
contracts and will be selective to
reduce the cash-flow risk. The con-
struction sector is currently very
competitive and the margin has
been trending down to [the] cur-
rent 7% level compared with more
than 10% in the past, he added.
modate] strategic acquisitions,
as well as asset enhancement
programmes, he noted.
Meanwhile, Fakru Radzi said
PKNS RE will be diversifying its
income pool by venturing into
vehicle-parking management
via its wholly-owned unit Park
Here Sdn Bhd.
We are looking at the possibil-
ity of acquiring a suitable parking
asset in the central region of Sel-
angor. This will complement our
rental business, and provide a re-
curring revenue stream, he said.
Going forward, Fakru Radzi
expects its assets to generate a
stable rental yield of around 5%
to 6% this year, in line with the
average market forecast of 6%
that was projected by the Malay-
sian REIT Managers Association.
When PKNS RE establishes
the REIT, the assets will be valued
and the yield may range between
5.5% and 6%. Still, we wont be
complacent, and will continuous-
ly perform asset enhancement to
increase future yield, he added,
noting that PKNS retail assets
have an average occupancy rate
of more than 95%, while its office
asset is 75% occupied.
On Crescendos two educational
institution businesses, namely the
Crescendo International College
(CIC) and the Crescendo-HELP
International School (CHIS) in Ulu
Tiram, Johor, Gooi said CIC saw its
student population grow to a record
1,007 students in FY17, thanks to
the colleges successful roll-outs of
new diploma programmes.
[The] student population at
CIC is expected to grow by a sin-
gle-digit percentage this year, he
said, adding that the purpose-built
campus has the capacity to accom-
modate up to 2,000 students at
any one time. Crescendo has no
immediate plans to upgrade CIC
to university college status as yet.
As for CHIS, a joint venture with
local private education services
provider HELP International Corp
Bhd, Gooi said the school com-
menced its operation in February
this year, with a student population
numbering 200 currently.
We expect the student intake
to be higher in this September
2017 intake and the student pop-
ulation at the school is expected
to be doubled as we move along,
he said, adding that Crescendo is
also mulling to venture into the
preschool education segment in
the near future.
Crescendo shares closed four
sen or 2.48% higher at RM1.65 last
Friday, bringing a market capital-
isation of RM366.2 million.
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
ELSOFT RESEARCH BHD (+ve)
SHARES in Elsoft Research Bhd (funda-
mental: 1.95/3, valuation: 2.1/3) triggered
our momentum algorithm last Friday for
the sixth time this year.
The counter closed up 21 sen or 8.11% at
RM2.80 last Friday, after 1.87 million shares
were traded, compared to its 200-day av-
erage volume of 222,824 shares.
The group is an MSC-status company
that provides ATE solutions to the semi-
ELSOFT RESEARCH BHD
GEORGE KENT (MALAYSIA) BHD (-ve)
SHARES in George Kent (Malaysia) Bhd
(fundamental: 2.7/3, valuation: 1.5/3),
which triggered our momentum algo-
rithm last Friday for the first time this
year, climbed 20 sen or 4.74% to RM4.42.
It saw 2.47 million shares traded, com-
pared to its 200-day average volume of
1.38 million shares.
The group is a leading manufacturer
of water meters, valves and fittings, and
brass products, exporting to more than
GEORGE KENT (MALAYSIA) BHD
MEXTER TECHNOLOGY BHD (-ve)
SHARES in Mexter Technology Bhd (fun-
damental: 0.95/3, valuation: 0/3) triggered
our momentum algorithm last Friday for
the third time this year.
The counter closed up two sen or 6.9%
to 31 sen last Friday, with 11.51 million
shares traded, a significant surge from
the average 640,254 shares seen in the
past 200 days.
The company focuses on helping high
volume discrete and hybrid manufactur-
ers to efficiently operate their production
assets. The business divisions include
e-manufacturing, computing and elec-
MEXTER TECHNOLOGY BHD
ST O C KS W I T H M O M E N T U M 7
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.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
conductor, optoelectronic and automation
industries.
Saudi Aramcos US$7b
Elsoft Research was recently featured on
the annual Best Under A Billion list by
Forbes Asia which highlights 200 leading
investment in Rapid tops
stock-traded companies in the Asia-Pacific
region, with annual revenue between US$5
million (RM21.4 million) and US$1 billion.
Aseans M&A list
At the current share price, Elsoft Research
is trading at 7.18 times its book value.
Valuation score* 2.10
Fundamental score** 1.95
TTM P/E (x) 19.92 BY ADE LA M EG AN WI LLY top deal in [Southeast Asia] during 1H,
TTM PEG (x) 0.36 the US$7 billion investment of a 50%
P/NAV (x) 6.70
KUALA LUMPUR: Saudi Aramcos US$7 stake in Malaysia-based Rapid project
billion (RM29.96 billion) investment in by Saudi Arabian Oil from [Petronas],
TTM Dividend yield (%) 3.07
the Refinery and Petrochemical Inte- it said.
Market capitalisation (mil) 709.82 grated Development (Rapid) project in Excluding this transaction, China
Shares outstanding (ex-treasury) mil 274.06 Pengerang, Johor, tops the list of biggest remained the main buyers for inbound
Beta 1.43 deals in Southeast Asia in the first half of activity in [Southeast Asia]. With 23 deals
12-month price range 1.07-2.67 2017 (1H17), according to Mergermarket. valued at US$3.2 billion, the country ac-
*Valuation score - Composite measure of historical return & valuation
The investment enables Saudi Ara- counted for 17.3% of the total inbound
**Fundamental score - Composite measure of balance sheet strength bia's state oil company to equally own value, it added.
& protability some facilities in massive downstream Meanwhile, outbound deal making
Note: A score of 3.0 is the best to have and 0.0 is the worst to have projects initiated by Petroliam Nasion- of Southeast Asian countries registered
al Bhd (Petronas), including 300,000 growth, with 64 deals worth US$5.9 bil-
barrels per day processing capacity, lion, up 14.56% by value, but with 11 few-
and a steam cracker plant capable of
producing three million tonnes of pet-
er deals compared with 1H16 whereby
75 deals valued at US$5.9 billion were
40 countries worldwide. rochemicals a year. secured.
In its first quarter ended April 30, 2017, Through the joint venture, Saudi Ar- Mergermarket said Singapore con-
its net profit increased 23% to RM18.5 amco will supply up to 70% of the crude tinued to lead the outbound activity
million from RM15.01 million in the feedstock requirements of the refinery. with 47 transactions worth US$5.7 bil-
previous year, on the back of better per- Petronas, on the other hand, will supply lion, accounting for 82.6% of the total
formance of both its engineering and gas, power and other utilities. outbound value.
metering divisions. Revenue increased The large investment took place de-
5.3% to RM129.42 million from RM122.96 spite the sluggish 1H17 for mergers and
million. acquisitions (M&A) activities in the
At the current share price, George Kent region, whereby 180 deals valued at
Malaysia overtook
is trading at 3.98 times its book value. US$24.4 billion were recorded for the Singapore to become
year as compared with 213 deals and the highest performing
Valuation score* 1.50 US$28.8 billion sealed in 1H16, said
country by volume with
Fundamental score** 2.70 Mergermarket Group in its half-year re-
TTM P/E (x) 15.11 view titled South East Asia M&A Trend a record of eight deals
TTM PEG (x) 0.17 Report. announced, contributing
The report noted that the fresh invest-
P/NAV (x) 3.79
ment in Petronas Rapid project over-
two-third deals in total
TTM Dividend yield (%) 2.37 took the acquisition of Singapore-list- of Southeast Asias
Market capitalisation (mil) 1,584.66 ed logistics fi rm CWT Ltd by Chinas transport sector.
Shares outstanding (ex-treasury) mil 375.51 HNA Holding Group Co Ltd in a deal
Beta 1.03 worth close to US$1.91 billion, as well
12-month price range 1.55-4.35 as the US$1.2 billion Go-Jek-Tencent
*Valuation score - Composite measure of historical return & valuation
deal, which saw China Internet giant
**Fundamental score - Composite measure of balance sheet strength Tencent finalising a new round of in- On the other hand, the transport
& protability vestment totalling US$1.2 billion in In- sector recorded significant growth by
Note: A score of 3.0 is the best to have and 0.0 is the worst to have donesian start-up Go-Jek. value in 1H17 regionally, recording 12
Malaysia overtook Singapore to be- deals worth US$2.3 billion, from 16 deals
come the highest performing country by worth US$1 billion in the same period
volume with a record of eight deals an-
nounced, contributing two-third deals in
a year ago. This was thanks to the HNA-
CWT acquisition deal.
tronics, enterprise and mobile services. total of Southeast Asias transport sector. The Rapid project further spurred
In March, the company announced it It already caught up the full-year the energy, mining and utilities sector,
was raising up to RM14.31 million via pri- historical high record of Malaysias deal helping it remain as the most active
vate placement to fund its expansion into making within this sector on Merger- sector in terms of deal value and vol-
healthcare services, with expectation that market, the report wrote. ume with 20 deals worth US$9.6 billion,
the exercise would be completed by the According to Mergermarket, the de- accounting for 39.5% of overall deals in
third quarter of this year. cline in M&A activities in Southeast the region by value.
It is seeking to diversify its earnings Asia in the first six months of 2017 was Private equity (PE) buyout transac-
base and reduce its reliance on its existing due mainly to a slowdown in intra-re- tions in the region was another spotlight
core businesses in information technolo- gional activity recording 97 deals worth in 1H17, with 14 deals worth US$3.6 bil-
gy-based solutions and services. US$6 billion. lion, a 1.5 times rise by value compared
At the current share price, Mexter Tech- Deal value declined 67.47% with 19 with 1H16, with 18 deals worth US$1.4
nology is trading at 7.75 times its book fewer deals within the region compared billion sealed. The business services
value. [with] 1H16, where 116 deals valued at sector was the most dynamic sector for
US$18.4 billion, the second-lowest 1H PE investors by deal volume, attracting
Valuation score* 0.00 value since 2005 on Mergermarket re- five transactions worth US$8.3 million.
Fundamental score** 0.95 cord, the report said. Meanwhile, PE exits saw a 17.7 times
TTM P/E (x) - However, despite the downturn of increase by value with 11 deals valued
TTM PEG (x) - intra-regional activity, inbound M&A at US$1.7 billion versus 1H16 with four
P/NAV (x) 6.92
activity saw a record-breaking 1H17, deals settled and securing US$900,000,
reaching the highest Mergermarket re- reaching the third-highest record since
TTM Dividend yield (%) -
cord since 2001 by value with 83 deals 2009.
Market capitalisation (mil) 64.59 worth US$18.4 billion achieved. Mergermarket provides business in-
Shares outstanding (ex-treasury) mil 222.71 According to Mergermarket, the deal telligence and research for fixed income,
Beta 2.10 value signified an increase of 77.6% by transactions, infrastructure, compliance
12-month price range 0.21-0.30 value, while volume saw 14 less deals and equities covering financial markets
*Valuation score - Composite measure of historical return & valuation
compared with US$10.4 billion secured throughout Europe, Asia and the US.
**Fundamental score - Composite measure of balance sheet strength through 97 deals in 1H16. It is part of Acuris (formerly known as
& protability This was mainly contributed by the Mergermarket Group).
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y
Waltham Forest
beats Kensington
Its property prices have jumped 93% since 2012
BY LUC Y MEA K I N
LONDON: Move over Kensington
and Chelsea. The area of London
that has seen the biggest jump in
property values over the past five
years has been Waltham Forest.
According to mortgage lender Hal-
ifax, prices in the capitals northeast
borough have jumped 93% since 2012
when the city hosted the Olympic
Games nearby. That outstrips the 57%
gain across Greater London, where
over the previous two decades, values
have more than quintupled.
Since 1997, Hackney, in the
east of capital, has seen the big-
gest boost with prices surging 753%.
The area, famed for its hipster res-
idents and located near the heart
of the citys budding technology
industry, has seen values rise from
814 (RM4,558) per sq m to 6,942.
While property owners outside
of London may be feeling a little left
behind, all regions of the UK have
gained at least 12% in the past five
years and on average are up 34%.
There are also growing signs that the
capital may have flatlined after values
fell 0.5% in May from April, according
to the LSL Acadata Home Price Index.
Even though it cannot compete
with some of its London peers for
price growth, the borough of Kens-
ington and Chelsea does remain
Britains most expensive area with to the people. The listing, which
an average price of 11,192 per sq
m. That is almost five times the na-
tional average and compares with
983 in the least expensive town,
Port Talbot in Wales. Bloomberg
The Warner Estate in
Lloyd Road, Waltham
Forest, London.
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
HNA seeks more arrangers
for delayed IPO
BY E L F F IE C H E W, A N D R E A TA N ,
J OYC E KO H & C RYS TA L T S E
KUALA LUMPUR/SINGAPORE/
HONG KONG: HNA Commercial
REIT is seeking to add arrangers
to its planned Singapore initial
public offering (IPO) as Bank of
America Corp walks away from
the deal, people with knowledge
of the matter said.
The property trust, backed by
embattled Chinese conglomerate
HNA Group Co, has been reaching
out to investment banks to gauge
their interest in taking a senior
role in the deal alongside DBS
Group Holdings Ltd, according
was slated to seek more than S$400
million (RM1.26 billion), will be
delayed at least until the autumn,
one of the people said, asking not
to be identified because the infor-
mation is private.
HNA Group said last Saturday
that Bank of Americas participa-
tion in an unspecified investment
trust IPO involving one of its units
was terminated for commercial
reasons. HNA Commercial REIT
had been planning to gauge inves-
tor demand in mid-June and com-
plete the offering in July, people
with knowledge of the matter said
last month. It will be backed by
commercial properties in Austral-
ia, Singapore and London worth
about S$1 billion, according to
the people.
HNA will need to get a finan-
cial adviser of similar stature as
BofA in order to assuage the mar-
kets concerns, Justin Tang, a di-
rector of global special situations
at Religare Capital Markets in Sin-
gapore, said on Saturday by phone.
Investors will be demanding a
higher yield and seeking a great-
er risk premium because of all
the questions surrounding HNA.
Several of HNA Groups deals
have faced challenges since Chi-
nese regulators began assessing
the risks that the company and
other serial dealmakers pose to
the nations financial system. HNA
Group is fielding additional ques-
tions from banks working to fi-
nance its proposed US$1 billion
(RM4.28 billion) takeover of Sin-
gapore logistics operator CWT
Ltd, people with knowledge of the
matter said this week.
Any listing would add to the
US$2.1 billion raised through Sin-
gapore IPOs this year, up from
US$1.7 billion during the same
period in 2016, data compiled by
Bloomberg show. The situation re-
mains fluid, and details of the HNA
Commercial REIT offering could
change, according to the people.
The property trust
has been reaching out
to investment banks
to gauge their interest
in taking a senior role
in the deal.
US officials are examining HNA
Groups proposed purchase of Sky-
Bridge Capital, the hedge-fund
firm founded by White House
communications director Anthony
Scaramucci, while the European
Central Bank is considering a re-
view of its stake in Deutsche Bank
AG, people with knowledge of the
matter have said. Those transac-
tions are among more than US$40
billion of deals that HNA Group
has announced since the begin-
ning of 2016, data compiled by
Bloomberg show.
HNA Investment Group Co, a
Shenzhen-listed arm of the Chi-
nese conglomerate, and Singa-
pores AEP Investment Manage-
ment Pte will contribute assets
to the commercial property trust,
the people said last month. HNA
Investment announced in March
it planned to buy at least a 35%
stake in a REIT that will list in Sin-
gapore, as well as 75% of a trust
management company formed
with AEP. Bloomberg
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Pavilion REIT 1HFY17
below expectations
Pavilion Real Estate Invest-
ment Trust
(July 28, RM1.75)
Maintain outperform with a low-
er target price (TP) of RM1.85:
Pavilion Real Estate Investment
Trusts (REIT) realised net in-
come (RNI) for the first half fi-
nancial year 2017 (1HFY17) of
RM111.4 million came in below
both consensus and our expec-
tations at 43% and 40%, respec-
tively. The 1HFY17 gross dividend
per unit (GDPU) of 3.96 sen per
unit (which included a non-tax-
able portion of 0.13 sen) was also
below expectations at 42% of our
FY17 GDPU of 9.4 sen (4.9% divi-
dend yield). Although the top line
came in within our expectations at
46%, results missed due to margin
compressions from higher oper-
ating and financing costs.
Year-on-year, gross rental in-
come was up by 6% on the acqui-
sition of Damen Mall and Inter-
mark Mall (in March 2016), and
positive rental growth from oth-
er assets on mid-single-digit re-
versions. However, RNI declined
by 8% on higher operating cost
(+23%) on maintenance cost for
the air-conditioning system and
upgrading work, air chillers re-
winding, replacement of escala-
tor handrails and broken combs
at Pavilion Mall, replacement of
lift and escalator parts and im-
ICPT ensures strong
earnings clarity for TNB
Tenanga Nasional Bhd
(July 28, RM14.16)
Maintain buy with a revised tar-
get price (TP) of RM16.00: After
experiencing stronger electricity
demand growth of 4% in Penin-
sular Malaysia in financial year
2016 (FY16) due to the El Nio
phenomenon, consumption is set
to normalise in FY17, growing in
tandem with the relatively healthy
economic expansion in Malaysia,
which has been projected at 4% to
5% for this year. We believe elec-
tricity consumption will continue
to grow steadily.
The government is fully com-
mitted to the implementation of
the Imbalance Cost Pass-Through
(ICPT), which has removed the
burden of fuel-cost volatility and
ensured strong earnings clarity
for Tenaga Nasional Bhd (TNB).
More importantly, the gradual
increase in piped-gas price has
quashed concerns about the
governments commitment to
addressing the gas-subsidy ra-
tionalisation issue. TNBs revised
dividend payout policy of 30%
to 50% is the result of improved
earnings clarity after the imple-
mentation of ICPT.
TNB will be commissioning
B R O K E R S C A L L 9
provement of light fittings at In- pected to be completed in 4QFY17 We apply the thinnest yield spread perform call, with an attractive total
termark Mall, and tenancy costs and will be funded by a combination among Malaysian REITs under our return of 11% at current level. Risks
incurred for landlord provisions of borrowings and 7.2% placement. coverage as we believe Pavilion REIT to our call include bond yield expan-
at Damen Mall, and higher ex- All in, we are positive about this ac- should be traded at thinner spreads sion versus our target 10-year Malay-
penditure (+4%), and higher fi- quisition as it contributes about 8% on strong catalyst from expectations sian Government Securities yield, and
nancing cost (+30%) incurred to FY18 earnings and 7.6% to distri- of asset injections. As such, we be- weakening rental income. Kenanga
for the acquisitions of the new bution per unit post placement. lieve Pavilion REIT warrants an out- Research, July 28
malls. On a quarter-on-quarter
basis, RNI for the second quarter
of FY17 (2QFY17) declined by 5%
on the back of a marginal top-line
growth (1%) from positive rever-
sions, but the bottom line suc-
cumbed to margin pressure due
to a higher operating cost (+9%)
on the aforementioned reasons.
Pavilion REIT has also an-
nounced the proposed acqui-
sition of Elite Pavilion with
Urusharta Cemerlang (KL) Sdn
Bhd (UCKL) and a vesting agree-
ment with Urusharta Cemerlang
Sdn Bhd (UCSB) and UCKL for
extension connections for the
RM580 million purchase con-
siderations. Additionally, Pavil-
ion REIT has also announced a
conditional sale and purchase
agreement with UCSB for the
disposal of 10 car park bays for
RM880,000. We believe the asset
net property income (NPI) yield
is decent at 6.1% considering
tough market conditions versus
Pavilion REITs intended target
of 6.5%, while Pavilion Kuala
Lumpur malls NPI yield is 6.0%
(at FY16). The acquisition is ex-
3,000MW worth of new power
plants over the next two years,
translating into a 25% increase in
its existing generation capacity.
These more efficient power plants
will allow TNB to gain a higher
market share. Also, a successful
tariff adjustment to reflect high-
er generation cost could remove
any doubt that TNB will remain
earnings-neutral in an environ-
ment of rising fuel cost.
We project a 6% earnings per
share (EPS) growth in FY18 com-
pared with consensus flattish
EPS forecasts. We expect any fu-
el-cost increase to be fully passed
through and electricity demand to
continue to grow healthily, albeit
at a moderate pace. We revise our
discounted cash flow-derived TP
to RM16.00 after incorporating
our earnings revision and roll-
ing forward our valuation base
to FY18. TNB is trading at an un-
demanding valuation despite im-
proving earnings visibility arising
from the incentive-based regu-
latory framework. A key risk to
our view is unplanned outages,
which may result in shortage of
electricity, necessitating expen-
sive overseas procurement. Al-
lianceDBS Research, July 28
10 B R O K E R S C A L L M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Kim Loong hopes to recover

from El Nino effects
Kim Loong Resources Bhd
(July 28, RM4)
Initiate coverage with a target
price (TP) of RM4.32: Our fair val-
ue for Kim Loong Resources Bhd
renders a 10.6% upside to its cur-
rent share price. Besides that, Kim
Loong also rewards investors with
a decent dividend yield of 3.9%.
Kim Loong is primarily involved
in oil palm cultivation and palm
oil milling activities. It is a funda-
mentally-sound company, enjoy-
ing a three-year compound annual
growth rate (CAGR) of 8.7% for its
top line during financial years 2014
to 2017 (FY14 to FY17), while main-
taining a favourable net margin.
Kim Loong expects to achieve a
year-on-year (y-o-y) fresh fruit bunch
(FFB) production growth of 23.8%
in FY18, backed by mature planted
palm oil land of about 14,300ha and
21 tonnes-per-hectare FFB yield for
the past seven years (including sea-
sonal and cyclical low yield periods).
Total plantation land for Kim
Loong stands at 15,364ha with
palm oil estates located in Johor,
Sabah and Sarawak.
Despite stiff competition from sur-
rounding mills, Kim Loong targets to
achieve an FFB intake of 1.2 million
tonnes in FY18, slightly higher than
1.15 million tonnes achieved in FY17.
Kim Loong expects to have
crude palm oil (CPO) and palm
kernel production of 264,000 tonnes
(+5.5% y-o-y) and 60,000 tonnes
(+5.8% y-o-y) respectively in FY18,
underpinned by an oil extraction
rate (OER) of 22% and kernel ex-
traction rate of 5%.
Kim Loong is currently managing
three palm mills, with two located in
Telupid and Keningau, Sabah, and
one in Kota Tinggi, Johor. The mills
have a total processing capacity of
1.5 million tonnes per annum.
Kim Loong obtained the Sustain-
able Energy Development Authority
(Seda)s approval to supply a power
grid of 1.8MW for the Kota Tinggi
mill and 2MW for the Keningau mill
under its biogas project.
The company is also applying for
another 2MW for the Telupid mill.
This is in line with its effort to improve
efficiency and generate additional in-
come from waste in mills. We under-
stand that the excess electricity could
be sold for about 40 sen per kilowatt
and provide extra income to the com-
pany. Besides that, Kim Loong also
sells its surplus of palm kernel shell
to replace usage of fossil fuel.
Kim Loong has delivered a con-
sistent net margin close to 10% for
the past few years except in FY17 as
it was affected by the El Nino. Still,
it managed to record a reasonable
net margin of 8%.
We understand that Kim Loong
is in the midst of settling the re-
maining available Native Custom-
ary Rights (NCR) plantable land
(475ha) under the oil palm estate
in Sg Tenggang/Kranggas and to
develop approximately 2,072ha of
state land in Kranggas Pantu, Sri
Aman Division, Sarawak.
Besides that, we also learnt that
it is planning to set up a new oil mill
in Sarawak, the licence for which is
pending. Should the oil mill come
on stream, it will provide synergy to
Kim Loong as the group is able to
source FFB intake from its Sarawak
palm estate, thus generating more
earnings for the group.
About 80% of palm oil is con-
sumed in food form, while the rest
is used in industrial and consumer
products, such as cosmetics and
biofuel.
Meanwhile, the comparatively
low price of palm oil compared to
other vegetable oils such as soybean
oil, sunflower oil and rapeseed oil
is expected to drive demand over
the long term.
We estimate Kim Loongs earnings
to recover and grow by 11.9% y-o-y
to RM79.6 million for FY18 and 2%
y-o-y to RM81.2 million for FY19.
The growth in earnings is under-
pinned by recovery in FFB produc-
tion from the dry spell and higher
FFB intake for its milling segment.
Our assumptions for CPO and palm
kernel selling prices for FY18F/
FY19F are RM2500/RM253.
The major risks are volatility in
palm oil prices, fluctuation in FFB
production due to weather factors
and a higher-than-expected in-
crease in operating expenses due
to shortage of foreign labour in the
plantation sector.
We initiate coverage of Kim Loong
with a TP of RM4.32, based on 16.9
times 2018F price per earnings (PER).
The PER assigned for valuation is at
+2 standard deviation above its five-
year historical average.
The PER assigned is also close
to prevailing valuations of mid-cap
plantation counters, which now
trade at around 18 times.
Our TP renders a price appreci-
ation of 10.6% based on its current
share price of RM3.90, on top of the
forecast dividend yield of 3.9%.
All in, investors shall expect a total
return of 14.6%. We favour Kim Loong
given its prudent management, judg-
ing from the consistent performance
posted by the group for the past few
years as well as generosity of man-
agement in rewarding shareholders.
Looking forward, we opine that
the catalyst for the stock would be the
setting up of the new milling plant in
Sarawak and expansion of its planta-
ble land. JF Apex Securities, July 28

OKA Corp sales expected Market leader DKSH continues

to maintain margins
to pick up on higher demand DKSH Holdings (M) Bhd We project a three-year earn-
(July 28, RM5) ings compound annual growth rate
OKA Corp Bhd OKA Corp Bhd Initiate outperform call with a target (CAGR) of 6%, supported by gross
(July 28, RM1.87) price (TP) of RM5.80: Founded in domestic product (GDP) growth
Maintain buy call with a higher tar- FYE MARCH (RM MIL) 2016 2017 2018F 2019F 2020F the 1860s, DKSH Group has a strong that should eventually lead to a
get price (TP) of RM2.10: We remain Total turnover 153 167 188 202 210 Swiss heritage with over 150 years of more stable consumer spending
positive about OKA Corp Bhds pros- Reported net profit 20.6 28.3 28.9 29.7 30.9 experience in providing marketing on fast-moving consumer goods
pects, driven by its well-established Recurring net profit 20.6 28.3 28.9 29.7 30.9
expansion services in Asia. (FMCGs) and healthcare products.
position as a precast concrete man- Recurring net profit
DKSH Holdings (M) Bhd (DKSH) Sales are estimated to grow on
ufacturer with various manufactur- is 74.3%-owned by the DKSH Group the back of a rising trend for out-
growth (%) 37.9 37.1 2.3 2.6 4.0
ing plants located throughout West of Switzerland. It is a market expan- sourcing, growing middle class and
Recurring EPS 0.13 0.17 0.17 0.18 0.19
Malaysia and its continuous efforts sion services provider for compa- market expansion into Asia. We
in diversifying its products. DPS 0.05 0.06 0.06 0.07 0.07 nies looking to grow their business assume a sales growth of 4% to 6%
We believe that the groups bot- Recurring PER (x) 14.0 10.8 10.6 10.3 9.9 in Malaysia. over the next three years.
tom line may grow progressively as P/BV (x) 2.09 1.84 1.66 1.50 1.37 We believe DKSHs growth will Meanwhile, margins are main-
we expect higher demand from local P/CF (x) 9.2 12.1 10.0 9.3 8.7 be supported by Malaysias grow- tained, through ongoing cost control
infrastructure projects while cost-sav- Dividend yield (%) 2.7 3.0 3.2 3.5 3.5 ing middle class, rising trend for measures in areas like transportation,
ing measures are being implemented. EV/Ebitda (x) 8.12 6.05 5.57 5.06 4.46 outsourcing by clients and market warehousing and distribution.
We opine that construction activ- Return on average expansion into Asia. DKSH has been trading at a five-
ities would pick up from the second equity (%) 15.9 18.6 16.5 15.3 14.4 We note that DKSHs business year historical forward price-earnings
half of the financial year 2017 (2H17F) Net debt to equity net cash net cash net cash net cash net cash fetches thin margins, but the model ratio (PER) of 17 times. Pegging it at
onwards, in which demand for pre- Sources: Company data, RHB is highly scalable as new product 16 times financial year 2018 (FY18F)
cast concrete materials are likely to lines can be added through the earnings per share (EPS), we derive a
increase correspondingly. ard Public Works Department (JKR) depressed in view of tight competi- same value chain without a signif- target price of RM5.80 for the stock.
While we expect the upcoming buildings (such as schools, colleges tion from capacity expansion in the icant incremental change to cost. PublicInvest Research, July 28
first quarter of financial year 2018 and institutions). cement market. Hence, we do not
(1QFY18) results may likely be un- Based on the 11th Malaysia Plan, discount the possibility of room for DKSH Holdings (M) Bhd
exciting in anticipation of cyclical the government remains committed growth in our margin assumptions.
softer demand due to festive season to increasing clean and treated water We reiterate buy, with a high- FYE DEC 31 (RM MIL) 2015A 2016A 2017F 2018F 2019F CAGR (%)
breaks, we maintain our positive view coverage and expanding connected er TP of RM2.10, after tweaking Revenue 5,572.2 5,271.0 5,528.2 5,789.9 6,072.7 4.8
on OKA Corp in the longer run. sewerage services in rural areas. our margin assumptions and ad-
Pre-tax profit 51.0 68.9 72.2 75.9 80.9 5.5
Meanwhile, as the government As a well-established sewerage justing our FY18F price-earnings
appears to be keen on promoting the pipe manufacturer, we believe OKA ratio (PER) valuation higher to 12 Net profit 36.8 50.5 53.4 56.2 59.9 5.9
usage of the industrialised building Corp may stand a chance to tap into times, at its five-year historical +2 EPS (sen) 23.4 32.0 33.9 35.6 38.0 5.9
system (IBS) in the construction in- these projects. standard deviation level. PER (x) 21.6 15.8 14.9 14.2 13.3
dustry, we expect organic growth in We revised our financial year 2018 We opine that this valuation is Dividend yield (%) 1.9 1.9 2.2 2.2 2.3
demand for precast concrete products forecast (FY18F) earnings upwards justifiable, given that the group Debt to equity (x) net cash net cash net cash net cash net cash
to sustain in the medium to long term. by 4.3%, after taking into account the has shown improvement in cost ROA (%) 2.0 2.7 2.7 2.7 2.7
Likewise, we think that it may ben- groups continuous efforts in cost-cut- management, a stronger balance
efit from the IBS implementation as ting measures and revising our rather sheet with a growing cash pile, and ROE (%) 7.4 9.5 9.4 9.3 9.2
it has OKA IBS, an innovative build- conservative margin assumptions. a solid financial track record led NTA/Share (RM) 3.1 3.4 3.6 3.8 4.1
ing system that can be applied for Meanwhile, based on our chan- by a prudent management team. Price to NTA (x) 1.6 1.5 1.4 1.3 1.2
residential, commercial and stand- nel checks, cement prices remain RHB Research Institute, July 28 Source: Company, PublicInvest Research estimates
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
H O M E 11

Changing the govt MIC wants Hindu temple issues

resolved amicably

is no guaranteed
KUALA LUMPUR: Matters re-
garding Hindu temples, includ-
ing relocation and demolition
of the buildings or structures
Subramaniam, when asked
how would the guideline serve
as part of the National Blueprint
for the Indian community, said

solution Najib
Change could spell disaster, he says, and thus is stupid
LIPIS: Changing the existing gov-
ernment is not a guaranteed solu-
tion to all problems, as it could also
be detrimental to the nation and
the people, Prime Minister Da-
tuk Seri Najib Razak has stressed
once again.
Najib, who is also Umno presi-
dent, said the people should take
a lesson from the Arab Spring up-
rising that saw many Middle East-
ern countries such as Iraq now in
turmoil.
Changing the government is
not a solution. If it is better, then
it makes sense ... if worse, more
disaster and more uncertainties ...
thats a stupid thing to do ... Sorry,
[I] have to say it.
My doctor at the IJN (National
Heart Institute) informed me of
this Iraqi patient who when asked
if it was better then or now, he said
Najib said this is because Um-
nos strength does not depend on
any individual or the president,
but is the result of unity among
the partys three million members.
Even when the late Datuk Onn
Jaafar, the founder of Umno left the
party, Umno was not buried just
like that; the party continued to
flourish until now, so when Tun
Dr Mahathir Mohamed says he
will not return to Umno, go ahead
... it is not a problem for Umno.
I am not being disrespectful,
I am not looking down at him as I
am aware my strength now is due
to the support of more than three
million party members, he said.
He also rapped Dr Mahathir for
often attacking him, especially with
regard to 1Malaysia Development
Bhd (1MDB), saying Dr Mahathir
himself had failed to administer
Najib said Malaysia had un-
dergone several phases of devel-
opment under the Barisan Na-
sional (BN) government in both
urban and rural areas with the
implementation of high-impact
economic projects. He said the
welfare of the people has always
been a priority.
Today, economists say Malay-
sia has managed to escape from
the middle-income trap and is cur-
rently the 25th most competitive
nation in the world. Our nations
economic growth is also projected
to reach the 5% level [this year].
Malaysia is not a failed coun-
try. Why change the government
if the existing government can
help the people and develop the
country? he asked. Bernama
to make way for development,
must be resolved in an amicable
way, said MIC president Datuk
Seri Dr S Subramaniam.
He said the temple manage-
ment and developers should
hold discussions and address
any issues that arise before pro-
ceeding with any construction
work at the sites of Hindu tem-
ples.
With industrial develop-
ment, there will be challenges
faced by temples, especially
[those] that have been around
for more than a hundred years
to stay in place without facing
eviction, said Subramaniam
after launching the first nation-
al temple convention here yes-
terday.
Subramaniam, who is also
health minister, said laws from
the state level right up to the
federal level have to be taken
seriously in the development of the convention.
of temples.
A guideline on Hindu tem-
ples was also launched yester-
day to provide information on
Hindu temples, Hindu rites and
rituals, and the temples role in
the community.
a few temples in the country
will be identified to serve the
community.
[With] the success of these
temples, more temples will be
selected to help in community
transformation programmes so
as to develop the Indian com-
munity, he said.
Echoing Subramaniams
sentiment was Malaysia Hin-
du Sangam president Datuk
R S Mohan Shan, who called
on temples facing problems,
especially eviction, to reach
out to the association for in-
tervention.
We are trying to solve this
problem. We want them (tem-
ple management) to invite us as
a mediator, but too often they
want to solve it by themselves.
So, they end up having prob-
lems with developers, Mohan
told Bernama on the sidelines
MIC central working com-
mittee member Datuk M Sar-
avanan and some 200 repre-
sentatives from various temples
throughout the country also
attended the convention here
yesterday. Bernama

that even under hated president
Saddam Hussein, at least they had
food on the table, children could go
to school, and the country was safe.
However, look at it now, all
destroyed. Changing an existing
government does not guarantee
better governance, he said when
opening the Lipis Umno division
delegates conference at Dewan
Jubli Perak Sultan Haji Ahmad
Shah, Kuala Lipis, here yesterday.
Referring to the stand by Parti
Pribumi Bersatu Malaysia (PPBM)
chairman Tun Dr Mahathir Mo-
hamad that he will not return to
Umno, Najib said it will not have
any impact whatsoever on Um-
nos strength.
*
well, so much so the country suf-
fered billions of ringgit in losses.
During his time, he was not
bothered much about public trans-
port. Everything had to be bailed
out ... LRT bailout, monorail bail-
out, bus bailout ... all failed, but
we succeeded in building an MRT
(mass rapid transit) system at a
reasonable cost.
He often talks about the 1MDB
issue whereas we have land and
assets that can attract investors
and regain profit. However, for that
RM33 billion (in foreign exchange
losses), who will be responsible ...
Dr Mahathir? Explain it to the RCI
(Royal Commission of Inquiry),
he said.

Corruption no longer a normal

threat MACC
PUTRAJAYA: Today, corruption
can no longer be deemed as a
normal threat as it is capable of
threatening peoples well-being
and safety to the extent of causing
chaos in a stable country, accord-
ing to Malaysian Anti-Corruption
Commission (MACC) chief com-
missioner Datuk Dzulkifli Ahmad.
As such, he said the people
should come forward to help and
support MACCs efforts to fight
those who committed breach of
trust, graft and abuse of power.
If not addressed in a holistic
manner, the threats of corrup-
tion and power abuse, which are
spreading to all levels of society,
will destroy everything that our
country had achieved, he said in
a statement issued in conjunction
with the Warriors Day celebration
yesterday.
Dzulkifli also called on all Ma-
laysians to share the burden and
responsibility to maintain peace
in the country by creating a cor-
ruption and power abuse-free en-
vironment.
He said the people should also
realise that the peaceful and har-
monious country they had today
was the result of the persistent
struggle and courage of the war-
riors who fought for the country. Rolls-Royce
We (MACC) are also proud
and will forever be grateful for the unveils
deeds and sacrifices made by our the Phan-
warriors, the security forces and tom VIII
also the veterans in protecting
the sovereignty of the country, Pages
he added. Bernama 20 & 21
12 H O M E
Passing of e-hailing services
law a key step Liow
It shows public transport is moving into the digital era, he says
KUALA LUMPUR: The recent
legalisation of e-hailing servic-
es such as Uber and Grabcar is
an important milestone for the
Malaysian public, according to
Transport Minister Datuk Seri
Liow Tiong Lai.
It shows that Malaysian public
transportation is moving into the
digital era. We are confident that
it will be a more efficient service
... I would say that it is an impor-
tant milestone for Malaysians,
Company
director
remanded 6 days
over Felda units
hotel purchase
PUTRAJAYA: A company di-
rector has been remanded
for six days to facilitate the
investigations into the pur-
chase of a hotel by Felda In-
vestment Corporation (FIC)
in Kuching in 2014.
The remand order was is-
sued by magistrate Nik Isfah-
anie Tasnim Wan Ab Rahman
yesterday after the Malaysian
Anti-Corruption Commis-
sion (MACC) filed the re-
mand application.
The 57-year-old director
arrived at the magistrates
court here for the remand
proceedings at 10.40am
handcuffed and clad in or-
ange lock-up attire.
The man, who also owns
the hotel, was detained at
the Kuching MACC office at
1.30pm on Saturday.
He was one of the three
persons detained by the
MACC on Saturday to assist
in the investigations into the
case.
The two other men were
detained at the Putrajaya
MACC office at 9am after
they turned up to give their
statements.
The duo, aged 47 and 51,
are directors of a company
which had been appointed
as the agent to manage the
purchase of the hotel.
Last Friday, MACC chief
commissioner Datuk Dzu-
lkifli Ahmad ordered an in-
vestigation into the purchase
of the hotel which was sus-
pected to have been bought
at a price much higher than
the market price.
The case is being investi-
gated under Section 17 and
23 of the MACC Act 2009.
Bernama
he told reporters after attending
the Young Malaysians Movement
(YMM) 45th annual general as-
sembly here, yesterday.
Around 300 members of the
non-profit organisation for Chi-
nese youths gathered at the event,
which was also attended by YMM
president, Chew Sir Boon, and
Terengganu state assembly speak-
er, Datuk Mohd Zubir Embong.
Liow said the legalisation
would also help the country to
SKY-HIGH ... A burst pipe at Taman Sawit Kinabalu Balung in Tawau yesterday morning sending a column of water skywards,
dwarng nearby houses and a passing pickup truck. The damage, which was detected at 6am, was repaired by noon, sparing some 10,000
consumers a disruption in water supply in the surrounding residential areas. Photo by Bernama
Malaysia committed to protecting
Makkah, Madinah Hisham
KUALA LUMPUR: Malaysia will
work together with the Saudi Ara-
bian government to defend the two
holy cities of Makkah and Madinah
from any terrorist threat.
Defence Minister Datuk Seri
Hishammuddin Hussein said this
following a missile attack on Sau-
di Arabia launched by Yemens
Houthi rebels last Thursday.
Malaysias stand on security
and stability in Saudi Arabia is
clear, especially in helping them
protect and defend the sanctity of
Makkah and Madinah from ter-
rorist threats.
Comprehensive planning to
resolve this conflict must con-
tinue, especially when Muslims
are performing the haj, he told
a press conference after opening
achieve its 40% public transport
share target by 2030.
By 2027, the Mass Rapid Tran-
sit project would be completed
and by then all linkages within the
city would be really enhanced ...
all these would further enhance
public transportation in Malaysia,
so as to achieve the 40% target,
he said.
Liow also said that public trans-
port services such as Uber, taxis
and buses would help provide
the Bandar Tun Razak Umno di-
vision delegates conference here
yesterday.
Hishammuddin, who is also the
minister of special functions in the
prime ministers department, said
he had been in touch with Saudi
Arabias Defence Minister, Crown
Prince Mohammed Salman on
Saturday, to share information on
the attempted attack.
Alhamdulillah, Malaysia has
close relations with the Gulf states,
and they do not mind sharing the
details with us, he said.
Saudi Arabia Defence Forces
last Thursday intercepted a ballistic
missile, known as Burkan-1, 69km
from Makkah, at the Al-Wasliya
area in Yaif Province.
According to international me-
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
last-mile connection because of
the need for these types of trans-
port and last-mile support.
Minister in the Prime Ministers
Department Datuk Seri Nancy
Shukri was reported as saying
that Malaysia created history as
the first country to legally recog-
nise using e-hailing services such
as Uber and Grabcar as a public
transport service when the bill on
it was passed in Parliament last
Thursday. Bernama
dia reports, the Houthis confirmed
launching the Burkan-1 ballistic
missile, but said the attack was
targeted at the King Abdulaziz In-
ternational Airport in Jeddah, the
countrys busiest airport.
No casualty was reported in
the attack.
Deputy Prime Minister Datuk
Seri Dr Ahmad Zahid Hamidi said
Malaysia fully supported Saudi
Arabias move to increase security
in the two cities.
Malaysia also supported the
military effort taken by Saudi Ara-
bias allies against Yemens capi-
tal, Sanaa, following the attack, he
told a press conference after the
closing of the Kelana Jaya Umno
division delegates conference here
yesterday. Bernama
IN BRIEF
Malaysia condemns
North Koreas ballistic
missile test
PUTRAJAYA: Malaysia has
condemned North Koreas
launching of an inter-conti-
nental ballistic missile (ICBM)
last Friday, the second ICBM
the hermit kingdom has
launched in a month. The for-
eign ministry said in a state-
ment yesterday North Koreas
defiance in not halting its nu-
clear and ballistic missile pro-
gramme has grave implica-
tions on international peace
and security. Malaysia urges
North Korea to cease all pro-
vocative actions and comply
with the relevant UNSC (Unit-
ed Nations Security Council)
resolutions in the interest of
regional and global peace and
security, the statement said.
Bernama
MACC denies clearing
Sabah Water Department
from corruption
PUTRAJAYA: The Malaysian
Anti-Corruption Commission
(MACC) has denied that it had
declared the Sabah State Wa-
ter Department case to be free
from any elements of corrup-
tion, as was being spread on
social media. MACC said the
news spread by irresponsible
parties was untrue and mis-
leading. It said it would mon-
itor and review all unauthor-
ised news uploaded on social
media to safeguard its reputa-
tion. The MACCs top man-
agement is considering filing
a police report against those
who spread slander on social
media, it said in a statement
yesterday. Bernama
Remand extended for
couple and others over
infants death
MELAKA: The remand against
six people, including a cou-
ple, for investigation into the
discovery of a dead baby boy
in a well in Kampung On Lok,
Batang Melaka, Jasin near here
last week, has been extended
for another seven days until
Aug 6. The order was issued by
the Melaka magistrates court
assistant registrar Mohd Anuar
Ostadi yesterday. The suspects
the youngest aged 16 and the
oldest in the 30s are being
investigated under Section 302
of the Penal Code for murder
and face the death sentence,
if charged and found guilty.
Bernama
Campaign to stop sexual
exploitation of children
draws nearly 5,000
KUAL A LUMPUR : Nearly
5,000 city folk joined in the
Rock Solid Pink Walk and
Run programme to show their
support for the Stop Sexu-
al Exploitation Again Chil-
dren campaign organised by
Puteri Umno here yesterday.
Puteri Umno leader, Datuk
Mas Ermieyati Samsudin, said
the programme was aimed
at enhancing public aware-
ness and knowledge of the
issue. Bernama
14 C O M M E N T
Sharifs ouster is bad news
Whatever one thinks of Pakistans former prime minister, the circumstances of his dismissal are troubling
BY M I H I R SH A RMA
I
n Pakistans 70 years of exist-
ence, not one prime minister
has served a full five-year
term. They have been fired
by governor-generals and
army chiefs and judges. So
it was always fruitless, I expect, to
hope that Nawaz Sharif, elected
with a massive mandate in 2013,
would become the first. And so it
has proved: Sharif was disquali-
fied in fact, dismissed by Pa- this is the first time they have been
kistans Supreme Court last Friday.
The last elected prime minister
before Sharif, Yousuf Raza Gilani,
was also dismissed by the Supreme
Court, in 2012.
The headlines will tell you that
Sharif was forced out amid accu-
sations of corruption and that is
true, as far as it goes. Unfortunately,
it does not go very far. In fact, it is
hard to escape the conclusion that
Sharif was dismissed because, as
with the others, a secretive military
establishment decided to fire
him. That is bad news for Pakistan;
again, a democratic mandate ap-
pears to have been shown to be of
no account when compared to the
wishes of the army. Nor is it good
news for Pakistans neighbours
or the West.
The Supreme Court did not
Economics with a humanities face
BY G ARY SAU L MORSON
& M O RTO N SC H A PI RO
IN a 2006 survey, American univer-
sity professors were asked whether
it was better to possess knowledge
from numerous fields of study, or
from just one. Among professors of
psychology, 79% were enthusiastic
about interdisciplinary learning, as
were 73% of sociologists and 68% of
historians. The least enthusiastic?
Economists: only 42% surveyed
said they agreed with the need to
understand the world through a
cross-disciplinary lens. As one ob-
server put it bluntly: Economists
literally think they have nothing to
learn from anyone else.
In fact, economists would ben-
efit greatly if they broadened their
focus. Dealing as it does with hu-
man beings, economics has much
to learn from the humanities. Not
only could its models be more re-
alistic and its predictions more ac-
curate, but economic policies could
be more effective and more just.
Whether one considers how to
foster economic growth in diverse
cultures, the moral questions raised
when universities pursue self-in-
terest at the expense of their stu-
dents, or deeply personal issues
concerning health care, marriage,
and families, economic insights are
necessary but insufficient. If those
insights are all we consider, policies
flounder and people suffer.
find Sharif guilty of corruption per
se, but instead declared that he
had violated Articles 62 and 63 of
Pakistans Constitution, which de-
mand that members of parliament
be sadiq and ameen truth-
ful and righteous. These were
made into requirements by one
of Pakistans many past military
dictators, presumably as a way of
controlling legislators. The condi-
tions are usually used as a way to
humiliate and harass candidates;
used to disqualify a member of par-
liament retrospectively. It does not
take a genius to see Sharif
is being singled out us-
ing a particularly dan-
gerous and illiberal
According to The
Times of India
report yesterday,
Nawaz Sharif
wants to know: Is
everyone else in
Pakistan honest
and righteous?
Photo by AFP
In their passion for mathemat-
ically-based explanations, econo-
mists have a hard time in at least
three areas: accounting for cul-
ture, using narrative explanation,
and addressing ethical issues that
cannot be reduced to economic
categories alone.
People are not organisms that are
first made and then dipped in some
culture, like Achilles in the river Styx.
They are cultural beings from the
outset. But, because culture cannot
be rendered in mathematical terms,
economists typically embrace the
idea of a pre-cultural humanness.
To understand people as cultural
beings, one must tell stories about
them. Human lives do not unfold
in a predictable fashion the way
Mars orbits the sun. Contingency,
idiosyncrasy, and unforeseeable
choices play an irreducible role.
Life displays what might be called
narrativeness, implying the need
for explanation in terms of stories.
And the best appreciation of this is
to be found in novels, which may be
considered not just a literary form,
but also a distinct way of under-
standing the social world. Although
the events that novels describe are
fictional, the shape, sequence, and
ramifications of those events are
often the most accurate account
we have of how lives unfold.
Finally, economics inevitably in-
volves ethical questions that are not
reducible to economics itself or,
constitutional clause.
Of course, Sharifs no saint. He
welcomed the judicial dismissal of
his predecessor, and a court-ap-
pointed joint investigation team
amassed a 275-page report on his downhill when someone leaked de-
familys affairs that makes for quite tails of a meeting in which Sharifs
fascinating reading. But it is worth
noting that the weighty accusations
against Sharif date back not just to
before he was prime minister, but in
some cases to the 1980s. The court
pushed the burden of proof onto
Sharif, not the team it appointed;
even so, the dossier was assem-
bled suspiciously quickly, in just
three months. The fact that the
supposedly independent
investigation team in-
cluded two members
of the Pakistan mili-
tarys powerful intel-
ligence services may
have had something
to do with it. It would
be a brave Pakistani
bureaucrat indeed
who did not sign off
on facts provided by a
man in uniform.
It would not be
surprising if
for that matter, to any other social
science. Economists often smuggle
ethical concerns into their models
with concepts like fair market
price. But there are many ways to
make these issues overt and open
them to argument.
There is no better source of eth-
ical insight than the novels of Tol-
stoy, Dostoevsky, George Eliot, Jane
Austen, Henry James, and the other
great realists. Their works distil the
complexity of ethical questions that
are too important to be safely en-
trusted to an overarching theory
questions that call for empathy and
good judgment, which are developed
through experience and cannot be
formalised. To be sure, some theories
of ethics may recommend empathy,
but reading literature and identifying
with characters involves extensive
practice in placing oneself in others
shoes. If one has not identified with
Anna Karenina, one has not really
read Anna Karenina.
When you read a great novel
and identify with its characters, you
spend countless hours engaging
with them feeling from within
what it is like to be someone else.
You see the world from the per-
spective of a different social class,
gender, religion, culture, sexual
orientation, moral understanding,
or other features that define and
differentiate human experience. By
living a characters life vicariously,
you not only feel what she feels, but
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
the army wanted Sharif out. They
have never enjoyed easy relations
the last time Sharif was prime
minister, he was deposed in a mili-
tary coup but things really went
become a reliable partner for peace.
brother had a verbal confronta-
tion with the powerful head of Pa-
kistani intelligence over the armys
support to militants. The Pakistani
government set up a committee to
investigate the leak. But once the
committee finished, and the prime
minister issued an official notifi-
cation that he was satisfied with
its report, the armys spokesman
declared on Twitter: The notifi-
cation is rejected.
I suppose it is a bit of an advance
that, unlike in 1999, this confron-
tation has not led to a coup. In-
stead the judicial system has been
used and the army has restricted
itself to effectively supporting the
opposition leader, Imran Khan.
Khan poses as a democrat but has
famously claimed that Pakistanis
would celebrate and distribute
sweets if the army took over again.
Sharifs defeat and the triumph
of Khan and his backers in the mili-
tary is, seen this way, not good news
for anyone. It is bad for Pakistan,
where democracy seems con-
stantly to struggle to take root;
Quantitative rigour,
policy focus, and logic
of economics must be
supplemented with the
empathy, judgment,
and wisdom that
dene the humanities
at their best.
also reflect on those feelings, con-
sider the character of the actions to
which they lead, and, with practice,
acquire the wisdom to appreciate
real people in all their complexity.
The point is not to abandon the
great achievements of economics,
but to create what we call a huma-
nomics, which allows each disci-
pline to keep its own distinctive
qualities. Rather than fuse econom-
ics and the humanities, humanom-
ics creates a dialogue between them.
Such a conversation would ac-
tually bring economics back to its
illustrious roots in the thought of
Adam Smith, who, in The Theory
of Moral Sentiments, explicitly de-
nied that human behaviour could
be adequately described in terms of
peoples rational choice to maxim-
ise their individual utility. After all,
people often behave foolishly. More
important for Smith, their care for
and it is bad for India, where many
trusted the business-friendly and
pragmatic Sharif would manage to
outwit the army, take greater control
of the countrys foreign policy and
When Sharif was elected, you
could hope that, under him, Paki-
stan would grow closer to India and
the west, crack down on terrorism,
and reform its economy. You can no
longer expect any of that. Instead,
it is far more likely Pakistan will
turn to China to help shore up its
patronage-based economy.
Just look at the numbers: Paki-
stan ran an unprecedented current
account deficit last year, driven by
a big jump in imports attribut-
ed by the State Bank of Pakistan to
the cost of machinery and mate-
rial associated with Chinas infra-
structure projects in Pakistan. How
is that being paid for? By record
borrowing, especially from Chi-
na, which loaned Pakistan US$3.9
billion last year alone. And many
of these Chinese-backed projects
are being carried out by military
organisations, which will entrench
themselves further at the centre of
Pakistans economy.
No, Nawaz Sharif is no saint. But
his departure is very bad news for
anyone who had bet on a brighter
future for Pakistan. Bloomberg
others is an original passion that
is not reducible to selfish concerns.
Smiths writings on economic
and ethics share a deep sense of the
limits of reason. Central planning is
bound to fail, but so are algebraic
models of behaviour. One needs a
subtle appreciation of particulars,
the sort of sensitivity that was dram-
atised, a half-century after Smiths
moral treatise, by Jane Austen and
her successors. A great psycholo-
gist, Smith knew that we need both
cents and sensibility.
Econometric methods and
mathematical models teach us
much, but only so much. When it
comes to human lives, character-
ised as they are by contingency and
narrativeness, stories are an indis-
pensable way of knowing. That is
why the quantitative rigour, policy
focus, and logic of economics must
be supplemented with the empa-
thy, judgment, and wisdom that
define the humanities at their best.
Economists must speak to other
disciplines and let them speak
back. Project Syndicate
Gary Saul Morson is a professor of
the arts and humanities at North-
western University. Morton Schap-
iro is a professor of economics and
president of Northwestern Universi-
ty. They are the co-authors of Cents
and Sensibility: What Economics
Can Learn from the Humanities.
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Top German automakers sued in US over cartel
BY RYA N B EENE
& KA RT I K AY MEH ROTRA
WASHINGTON/SAN FRANCISCO:
Germans major automakers were
accused in a US lawsuit of acting as a
cartel, colluding for nearly two dec-
ades to limit the pace of technolog-
ical advances in their vehicles and
stifle competition allegations that
widen the scope of the latest scan-
dal to hit the nations auto industry.
BMW AG, Daimler AG, Volkswa-
Baidu rebound
buys time for
reinvention
BY A L EC M AC FA RL A NE
HONG KONG: A recovery at Baidu
buys time for reinvention. Last
Thursday, the Chinese web giant
reported a forecast-beating jump
in quarterly earnings, suggesting its
core search business is rebound-
ing. This gives Baidu more room
to focus on mobile services and
artificial intelligence (AI).
Earnings jumped 83% year-on-
year to 4.4 billion yuan (RM2.78 bil-
lion) in the three months to June.
That was 52% ahead of the mean
average analyst polled by Thom-
son Reuters. The shares rose 6.9%
in after-hours trading.
This follows a difficult patch.
Last year a student died after un-
dergoing an experimental can-
cer treatment he found on Baidu
search. Baidu was then forced to
drop lucrative healthcare-advertis-
ing customers. Before that, it had
stumbled into a cash-burning sub-
sidy war with bigger rivals Alibaba
and Tencent in online-to-offline
businesses such as taxi hailing, food
delivery and movie tickets.
Since then, Baidu has been shift-
ing away from O2O. This, and cuts
to operating expenses helped drive
earnings this quarter, say China Re-
naissance analysts. It has also shrunk
its base of search-advertising clients.
Encouragingly, mobile revenue
made up 72% of total sales in the
quarter, up from 62% a year earlier.
Advertising sales from a nascent news
feed, which uses AI to tailor content,
has helped. Baidu says daily active
users topped 100 million this month,
up from 83 million in April and out-
pacing rivals. This is welcome, given
that Baidu was slower to adapt to the
smartphone era than rivals.
Its future in AI is more distant.
Baidus near-monopoly in Chinese
search offers a treasure trove of data
that should be an advantage. Its vision
of self-driving cars and speakers that
can interact with humans is exciting.
But it will be years before many of
these ventures ever pay off, and the
benefits to shareholders are unclear.
Still, the financial results are mov-
ing in the right direction. And inves-
tors seem inclined to give Baidu the
benefit of the doubt. Even before the
latest bounce, last Thursdays clos-
ing stock price equated to 28.7 times
forward earnings. That is ahead of
a five-year average of slightly less
than 25 times, Datastream shows.
Baidu can keep searching for future
profits. Reuters
gen AG and its Audi and Porsche
brands shared competitive infor-
mation about vehicle technolo-
gies with one another from 1996
through at least 2015 in violation
of antitrust laws, according to a
complaint filed last Friday in San
Francisco federal court.
These coordinated actions ena-
bled the manufacturer defendants
the self-named Fnfer-Kreise, or devices used by Volkswagen to
Circle of Five to impose a German
automobile premium on consumers
Europe battles
Google News
The latest row arises from snippet tax proposal
BY CLINE LE P R IOUX
BRUSSELS: A major battle is brew-
ing in Brussels over an EU reform
plan that would force Internet ag-
gregators such as Google News
to pay newspapers for displaying
snippets of their articles online.
Google is furious at the reform
idea, but powerful publishers affirm
that a tax is the only hope to save a
news industry starving for revenue.
The fight is the latest row strain-
ing ties between Google and the Eu-
ropean Union (EU), which slapped
the Silicon Valley giant with a 2.4
billion (RM11.98 billion) fine over
unfair competition in June.
The proliferation of free news
on the Internet has brought the
newspaper industry to its knees,
Shell braces for lower forever oil as prots soar
BY RON BOUSSO & KAROLIN SCHAPS
LONDON: Royal Dutch Shell is
gearing up for a world of lower for-
ever oil prices, its chief executive
Ben van Beurden said last Thursday,
after the companys profits tripled
in the second quarter.
The oil and gas (O&G) industry
has struggled with three years of
weak prices while also facing the
prospect of oil demand plateauing
by the end of the next decade.
But Europes largest energy com-
pany was able to boost its profits
more than expected, increase cash
flow to US$12.2 billion (RM52.21 bil-
lion) and reduce debt thanks to asset
sales and as big savings introduced
since the oil price collapse kicked in.
But Shells O&G production
dipped versus the previous quar-
ter as a result of reduced output
from a facility in Qatar.
Van Beurden said with oil prices
hovering around US$50 a barrel and
forecasts of only a modest recovery by
the end of the decade, Shell was not
planning to stop its cost-cutting drive.
It was now getting fit to be
profitable in a world where oil
premised on superior German engi-
neering, while secretly stunting in-
centives to innovate, the suit alleges.
The suit, which seeks class-ac-
tion status on behalf of US drivers,
says the companies agreed to limit
the development of vehicle systems,
including emissions control. The
arrangement allegedly led to the
development of so-called defeat
luxury vehicles while sharing tech-
cheat on pollution tests.
Plaintiffs claim the operation
with many consumers unwilling
to pay for online service, preferring
zero-cost platforms such as Google
News or Facebook.
Unauthorised Internet use of
media content by aggregators and
search engines is threatening cit-
izens sustainable access to quality
news content, said the European
Alliance of News Agencies, of which
AFP is a member.
It is therefore crucial that neigh-
bouring rights be created for news
agencies and other publishers, cov-
ering all activity on the web, the
agency said.
Neighbouring rights is EU-
speak for the obligation for on-
line platforms such as Google or
Facebook to pay for showing short
quotes from copyrighted content,
Shell was able to boost its prots more than expected, increase cash ow to US$12.2
billion and reduce debt thanks to asset sales and as big savings introduced since the
oil price collapse kicked in. Photo by Reuters
trades at US$40 a barrel, he said.
The external price environ-
ment and energy sector develop-
ments mean we will remain very
disciplined.
Shells performance is begin-
ning to show the underlying poten-
tial of Shells ability to generate op-
erating cash flows in the current oil
price environment, Brendan Warn,
analyst at BMO Capital Markets,
W O R L D B U S I N E S S 15
of convertible roofs, body design,
brakes and electronic systems was
also part of the technological in-
novations inhibited by the pacts.
Drivers filed a similar class-ac-
tion suit in New Jersey federal court
last Tuesday alleging German auto-
makers created an anti-competitive
culture in the US and conspired
over 20 years to increase prices of
structure moves into its tradi-
nology to skirt emissions norms.
Bloomberg
such as news articles.
The so-called snippet tax pro-
posal is only one of several com-
ponents of a major EU draft law
intended to update European cop-
yright law in the digital age.
The snippet tax is largely based
on a tax introduced in Spain that crit-
ics say actually harmed publishers
when Google decided to close down
its news aggregator in response.
A similar law in Germany saw
publishers swiftly give Google open
access to their content following a
steep drop in online traffic.
The two camps on the issue are
now battling it out at the European
Parliament and the EU council, the
institution that gathers the nation-
al governments of the 28 member
states. AFP
said. BMO has an outperform
recommendation on Shell.
The rise in profits was driven
mostly by refining and chemicals.
O&G production in the second
quarter declined to 3.495 million bar-
rels of oil equivalent per day (boed)
from 3.752 million boed in the first
quarter. Its disposal programme over
the past two years could further im-
pact production growth. Reuters
IN BRIEF
Sri Lanka completes
controversial US$1b
port deal with China
COLOMBO: Sri Lanka on Sat-
urday sealed a US$1 billion
(RM4.28 billion) deal to let a
Chinese state firm take over
a loss-making port in a move
that worries many, includ-
ing its giant neighbour India,
nervous about Chinas infra-
tional sphere of influence. The
long-delayed sale of a 70% stake
in Hambantota port, which
straddles the worlds busiest
east-west shipping route, was
confirmed by Sri Lankas Ports
Minister Mahinda Samaras-
inghe. The government used
tough laws against industrial
action to stop workers going
on strike this week to oppose
the sale to China Merchants
Port Holdings. AFP
Apple removes VPN apps
in China not compliant
with local rules
BEIJING: Apple Inc has re-
moved some virtual private
network (VPN) applications
from its stores in China, a move
that could block users ability to
bypass a local web firewall and
access overseas sites. We have
been required to remove some
VPN apps in China that do not
meet the new regulations, Car-
olyn Wu, Apples China spokes-
woman told Bloomberg in an
emailed response, referring to
rules issued by the Ministry of
Industry and Information Tech-
nology earlier this year that asks
all developers offering VPNs to
obtain a government licence.
Bloomberg
S Korea names new
trade minister amid US
push to amend FTA
SEOUL: South Korean Pres-
ident Moon Jae-in yesterday
appointed a former top en-
voy who had negotiated a free
trade agreement (FTA) with
the US as his new minister for
trade, at a time when Wash-
ington is seeking to amend
the deal. Kim Hyun-chong,
a US-trained lawyer, was in-
strumental in framing South
Koreas negotiating position on
the deal for then president Roh
Moo-hyun, who surprised the
country by choosing to initiate
talks for the trade agreement.
Reuters
Hyundai Heavy wins
ship contract from Vitol
worth up to US$600m
SEOUL: South Koreas Hyun-
dai Heavy Industries Co has
won a contract worth up to
US$600 million (RM2.56 bil-
lion) from Vitol, the worlds
largest independent oil trader,
for as many as eight gas tank-
ers. The worlds largest ship-
builder signed the contract
yesterday to construct two
liquefied petroleum gas tank-
ers with a capacity of 84,000
cu m each. The ships are ex-
pected to be delivered in the
first half of 2019. Vitol has
the option to order six more
tankers. Reuters
16 W O R L D B U S I N E S S
BT pitches 600m plan for
faster UK rural broadband
The scheme will be paid for by charges to other users
BY R E B ECC A PENTY
LONDON: BT Group plc is propos-
ing a 600 million (RM3.37 billion)
plan to bring faster Internet cover-
age to the rural UK, to be paid for by
charges to other broadband users.
The former phone monopo-
lys Openreach wholesale divi-
sion by 2020 would build con-
nections enabling broadband
download speeds of at least
10Mb per second for almost all
of the remaining 5% of the popu-
How Britains top diplomat
annoyed the Chinese
BY A L EX MORA L ES & L I NLY LIN
LONDON: Boris Johnson spent
a week visiting Japan, New Zea-
land and Australia in the pursuit
of post-Brexit trade deals. Instead
the gaffe-prone diplomat ended up
riling a far bigger economy: China.
In a speech in Sydney last Thurs-
day, Johnson urged all countries
bordering the South China Sea to
respect freedom of navigation and
international law. That sounded the
alarm back in China, arguably the
one economy Britain can ill-afford
to peeve given the political sensi-
tivities in play.
China claims most of the South
China Sea, one of the worlds busiest
shipping routes, and in recent years
it has boosted its military presence,
reclaiming thousands of acres of land
to build artificial outposts on reefs.
Washington craziness lulls the bond market to sleep
BY L I S A A B RA MOWI CZ
NEW YORK: The wilder Wash-
ington gets, the duller the debt
markets get.
While the US government is
reeling from Twitter posts, failed
legislation and acrimonious spats,
debt investors are trading less and
less. High-yield corporate bond
volumes have dropped 17% since
the end of June relative to the
same period last year, while invest-
ment-grade trading has fallen 4%.
Treasury traders are facing vol-
umes that are down nearly 5% in
the first three weeks of July, ac-
cording to Federal Reserve data
tracking activity at primary dealers.
All metrics point to an un-
common degree of complacency
among investors. Yields are dry-
ing up in tandem with measures
lation that doesnt currently have
them, according to a government
statement yesterday. That level of
service would allow a family to
stream high-definition TV shows
and movies, video conferences
and surf the web simultaneously.
The proposal follows months of
talks between BT and the govern-
ment over how to implement a uni-
versal service obligation pledged
by Prime Minister Theresa Mays
Conservatives. UK politicians with
rural constituencies in places like
There are no longer any Brit-
ish colonies in East Asia and the
presence of Britains warship in the
region is more like an aberration,
Chinas Global Times said last Fri-
day in an editorial.
The economics of keeping China
happy are compelling. It is the sev-
enth-biggest destination for British
exports in 2017, and the second big-
gest outside Europe, buying more
than 13 billion worth of goods in
2016, according to UK statistics.
Chinas importance was not
completely lost on Johnson, though.
We will be here as a partner and
friend, aiming at good relations
with all the major countries of this
region not choosing between
them, he said. Our relationship
with China, the engine of global
growth, will be crucial now and in
the future. Bloomberg
of volatility now and in the future. It
was already boring heading into the
deep doldrums of summer, but this
has reached a new level of inertia.
Without any sense of progress
in Washington, its just more of
the same slow growth in the US
paired with continuing easy-mon-
ey policies. Bond yields are fall-
ing, making the debt less attrac-
tive to investors, but those same
buyers have no real reason to
sell, either.
While perhaps some of the polit-
ical turmoil will spill into bond mar-
kets later this year when debt-ceil-
ing debates heat up, for now its just
persuading traders to take those
extra hours to be with their fami-
lies or brush up on their putting or
head to the beach. After all, theyre
not missing out on anything but the
sideshow. Bloomberg
the Scottish Highlands are under
pressure to boost broadband ser-
vice. BTs rivals that use its fixed
network, the nations largest, to
deliver Internet and landline phone
services also complain it doesnt
have enough of the full-fibre lines
capable of delivering the fastest
speeds.
The government said the volun-
tary plan would be delivered more
quickly than an approach through
regulation, though it would consid-
er both. The idea of spreading costs
SoundCloud close to selling stakes
to private equity sources
BY LU C AS S HAW
LOS ANGELES: SoundCloud Ltd
is close to a deal to sell stakes
in the company to a pair of pri-
vate equity firms, according to
people familiar with the matter,
an investment that will help the
beleaguered music-streaming
service keep operating for the
foreseeable future.
The two firms would be
acquiring stakes via separate
deals, said the people, who
asked not to be identified dis-
cussing private transactions.
The names of the interested
parties or the sizes of the trans-
actions couldnt immediately
be obtained.
Combined, the two private
equity firms would own a ma-
jority of SoundCloud, the peo-
ple said. While the talks are at
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
for the plan among Openreachs
customers will be considered in
an ongoing review about wholesale
rates by communications regulator
Ofcom, the government said.
We warmly welcome BTs offer
and now will look at whether this
or a regulatory approach works
better for homes and businesses,
Culture Secretary Karen Bradley
said in the statement. The driving
force behind our decision-making
will be making sure we get the best
deal for consumers. Bloomberg
an advanced stage, they could
still fall apart.
A darling of the independent
music scene, SoundCloud oper-
ates one of the most popular music
services in the world, attracting 175
million users with rough cuts from
famous artists and mixes from un-
known DJs. Yet SoundCloud, found-
ed in Stockholm and now based in
Berlin, has failed to generate much
money from those users or build
a business that can sustain itself.
The company has been scram-
bling to secure additional fund-
ing before it runs out of mon-
ey. SoundCloud laid off 40% of
its staff earlier this month, and
shuttered offices in San Francisco
and London. The company lost
45.6 million in 2015 on sales of
21.1 million, according to a reg-
ulatory filing earlier this year.
Bloomberg
IN BRIEF
Stop WhatsApp from
storing images
automatically
HAMBURG: As reported by
dpa, avid WhatsApp users will
quickly notice that the mes-
saging service rapidly clogs
up their smartphone mem-
ory with countless photos
and videos sent from friends.
While users may appreciate
the fact that WhatsApps in-
ternal backups mean pictures
sent and received dont get lost
so easily, older smartphones
and models with limited stor-
age capacity quickly run out of
space. However, you can pre-
vent WhatsApp from automat-
ically downloading media files
with a few taps. Head to Set-
tings, then Data and Storage
Usage. Once there, youll be
able to turn off the automatic
download or allow it only un-
der certain conditions.
Tesla begins to deliver
Model 3 for the masses
FREMONT: Tesla has begun
delivering on a dream to make
an electric car for the masses,
rolling out the first of its keenly
awaited Model 3 cars, aiming
to disrupt a world accustomed
to automobiles powered by pol-
lution-spewing fossil fuel. An
initial batch of the Model 3 cars
that rolled out of the Tesla plant
in Fremont, California last Fri-
day was given to customers,
most of whom were employees
of the company. AFP
Air France suspends
ights to Venezuela
PARIS: Air France on Saturday
announced it was suspending
flights to crisis-hit Venezuela
ahead of a controversial week-
end election called by Presi-
dent Nicolas Maduro that has
provoked deadly violence and
international criticism. The car-
rier said it was monitoring the
situation and that flights would
be temporarily halted. The
safety of customers and staff is
a priority, it said to AFP. AFP
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
US THAAD missile hits test target
BY S AR AH N LY NC H
WASHINGTON: The US said it shot
down a medium-range target bal-
listic missile in its latest test of the
countrys THAAD missile defence
programme, which is designed to
protect the country against poten-
tial threats from countries such as
North Korea and Iran.
The test, conducted over
the Pacific Ocean, comes amid
heightened tensions with North
Australia thwarts
Islamic-inspired
plane attack plot
BY BENJAMIN COOPER
SYDNEY: Security has been
tightened at Australian airports
after police foiled Islamic-in-
spired plans for a bomb attack
on an aircraft during counter-
terrorism raids in which four
men were arrested, the Aus-
tralian Federal Police (AFP)
said yesterday. The increased
security presence caused mi-
nor delays for some air trans-
port operators yesterday and
authorities warned travellers
to prepare for potentially more
significant disruptions as traf-
fic picked up during the week.
In recent days, law en-
forcement has become aware
of information that suggested
some people in Sydney were
planning to commit a terrorist
act using an improvised de-
vice, AFP commissioner An-
drew Colvin said during a press
conference with Prime Minister
Malcolm Turnbull yesterday.
We do believe it is Islam-
ic-inspired terrorism. Exactly
what is behind this is some-
thing that we will need to in-
vestigate fully.
Fi v e p ro p e r t i e s w e re
searched on Saturday across
the Sydney suburbs of Surry
Hills, Lakemba, Punchbowl and
Wiley Park. The commissioner
said four of those searches may
continue for days. Reuters
Putin shows off Russias naval might
SAINT PETERSBURG: President
Vladimir Putin yesterday oversaw
a pomp-filled display of Russias
naval might as the Kremlin paraded
its sea power from the Baltic Sea to
the shores of Syria.
Some 50 warships and subma-
rines were on show along the Neva
River and in the Gulf of Finland off
the countrys second city of Saint
Petersburg after Putin ordered the
navy to hold its first ever parade on
such a grand scale.
Today much is being done to
develop and modernise the navy,
Putin told servicemen after survey-
ing the military hardware from his
presidential cutter.
The navy is not only dealing
with its traditional tasks but also
responding with merit to new chal-
Korea, which on Saturday said it
had conducted its own success-
ful test of a long-range intercon-
tinental ballistic missile (ICBM)
that proved it has the capacity to
strike Americans mainland.
The latest US test of the Termi-
nal High Altitude Area Defense
(THAAD) system was planned
well before North Koreas lat-
est missile launch, but it comes
at a time of rising tension with
the country since Pyongyang
Trump wont let China
do nothing on Kim
The latest ICBM could bring New York into range experts
SEOUL : US President Donald
Trump warned on Saturday that
he would not allow China to do
nothing on North Korea, after
the hermit state launched an in-
tercontinental ballistic missile
(ICBM) it boasted could reach
the US, which weapons experts
said could even bring New York
into range.
In his critique of Beijing,
which came in two tweets, Trump
linked trade strains with the
Asian giant marked by a trade
deficit of US$309 billion last year
to policy on North Korea, af-
ter South Korea indicated it was
speeding the deployment of a US
missile defence system that has
infuriated China.
I am very disappointed in
China. Our foolish past leaders
have allowed them to make hun-
dreds of billions of dollars a year
in trade, yet they do nothing for
us with North Korea, just talk,
Trump wrote.
We will no longer allow this
to continue. China could easily
solve this problem!
lenges, making a significant contri-
bution to the fight against terrorism
and piracy.
The showcase event to mark Rus-
sias annual Navy Day is the latest
to be beefed up by Putin, with the
Kremlin strongman also bolstering
the traditional WWII victory parade
in Moscow as he looks to flex the
countrys military muscles. AFP
Putin looking on as he attended
a ceremony for Russias Navy Day
in Saint Petersburg yesterday. He
said the navy is not only dealing
with its traditional tasks but also
responding with merit to new
challenges. Photo by Reuters
launched its first-ever test of an
ICBM on July 4.
The Missile Defense Agency
(MDA) said yesterday that the
US has now successfully inter-
cepted test targets 15 times for its
THAAD weapon system, though
the latest test involved a medi-
um-range missile, and not the
long-range kind being tested out
of North Korea.
Earlier in July, the US conduct-
ed its first THAAD test against a
The tweet storm coincided
with a bilateral mission led by
US strategic bombers on Satur-
day that flew over the Korean
Peninsula in a pointed show of
force in response to the latest
ICBM tests.
Japanese Foreign Minister Fu-
mio Kishida said he held tele-
phone talks with US Secretary of
State Rex Tillerson and agreed on
the need to put the heaviest pos-
sible pressure on North Korea.
We confirmed that we will
closely cooperate in adopting a
fresh UNSC (UN Security Coun-
cil) resolution, including severe
measures, and working on Chi-
na and Russia, Kishida told re-
porters.
In a standard response to the
test, Beijing urged restraint by
all sides, after the US and South
Korea conducted a live-fire ex-
ercise using surface-to-surface
missiles.
The heads of the US and South
Korean militaries also discussed
military response options af-
ter North Koreas launch, the
long-range intermediate-range
ballistic missile similar to the
kinds being tested in North Korea.
In addition to successfully
intercepting the target, the data
collected will allow MDA to en-
hance the THAAD weapon system,
our modelling and simulation ca-
pabilities, and our ability to stay
ahead of the evolving threat, said
MDA director Lieutenant Gener-
al Sam Greaves in a statement.
Reuters
Pentagon said.
In the meantime, President
Xi Jinping said China needs to
speed up the modernisation of
its military to fend off threats in
increasingly dangerous times.
The world isnt safe at this
moment, Xi, wearing a cam-
ouflage military uniform, said
yesterday after riding in an open
jeep at an army parade in In-
ner Mongolia. A strong army
is needed now more than ever.
The speech came just hours
after Trump lambasted China for
failing to do more to stop North
Koreas nuclear programme.
The parade at Zhurihe Train-
ing Base yesterday marked the
90th anniversary of the creation
of the Peoples Liberation Army.
It featured the Chengdu J-20,
Chinas stealth jet fighter that
some have compared to the F-22
Raptor. About 40% of the mil-
itary equipment in the parade
was publicly displayed for the
first time, according to Phoenix
TV, a pro-Beijing media outlet.
AFP/Bloomberg people were evacuated from
Nesat injured 103
W O R L D 17
IN BRIEF
Australias hepatitis C pa-
tients have access to cure
with Epclusa PBS listing
SYDNEY: According to The Syd-
ney Morning Herald, more than
200,000 Australians with hepati-
tis C will soon be able to afford a
new, highly effective treatment
for the chronic, highly stigma-
tised infection. From Aug 1,
the Turnbull government will
subsidise the drug Epclusa, a
bumper medication combin-
ing the two antivirals sofosbuvir
and velpatasvir, Health Minister
Greg Hunt is set to announce on
Friday. The PBS listing means
patients will pay a maximum
US$38.80 (RM166) a month
and US$6.30 for concession
patients for the medication
that would otherwise cost over
US$20,000 per treatment. Each
year, around 800 Australians will
die from hepatitis C infection and
our investment in this drug is
aimed at reversing this unaccept-
able statistic, Hunt said. Clinical
trials have shown the drug has a
cure rate of over 90% and can be
used to treat patients with any
of the six hepatitis C genotypes.
US president hits reset
button by ousting
Priebus
WASHINGTON: Donald Trump
endured in a single week the
kind of policy disarray, legis-
lative failure and vulgar White
House staff infighting that might
take a full term for any other
president to accumulate. His
manic, seven-day stretch was
capped last Friday afternoon
by Trumps announcement
on Twitter that White House
chief of staff Reince Priebus was
exiting the administration. Hell
be replaced by Department of
Homeland Security Secretary
John Kelly, who has delighted
Trump by executing with vig-
our the presidents promised
crackdown on undocumented
immigrants. Bloomberg
Thousands evacuated
from Barcelona festival
after stage re
MADRID: More than 22,000
an electronic music festival in
Barcelona on Saturday night
after a huge fire broke out on
one of the stages during a se-
quence of the show involving
fireworks, emergency services
said. The festival, known as To-
morrowland, was taking place
just north of Barcelona, in Santa
Coloma de Gramenet, the first
time it has been held in Spain.
The festival has previously been
held in Belgium. Reuters
Taiwan braces for
second storm after
TAIPEI: Taiwan braced for
its second storm in two days
yesterday after Typhoon Ne-
sat battered the island, leaving
at least 103 injured. It moved
away from Taiwan yesterday as
tropical storm Haitang churned
towards the south of the island,
likely to make landfall in the
evening, according to the Cen-
tral Weather Bureau. AFP
18 H O M E B U S I N E S S
GRAND OPENING ... (From left) Bursa Malaysia Bhd chairman Tan Sri Amirsham Abdul Aziz, Securities Commission Malaysia chairman Tan Sri Ranjit Ajit Singh, International Trade and Industry Minister
Datuk Seri Mustapa Mohamed, Prime Minister Datuk Seri Najib Razak and Second Finance Minister Datuk Seri Johari Abdul Ghani at the ocial opening of Invest Malaysia 2017 at the Shangri-La Hotel in Kuala Lumpur
on July 25. Photo by Mohd Suhaimi Mohamed Yusuf
1 2
3 4
WEEK IN FOCUS
1 International Monetary Fund economic
counsellor and research department di-
rector Dr Maurice Obstfeld (right) and
research department deputy director
Gian Maria Milesi-Ferretti at the World
Economic Outlook media conference in
Kuala Lumpur on July 24. Photo by
Mohd Suhaimi Mohamed Yusuf
3 Maybank Islamic Bhd held its Hari Raya
2 Honda Malaysia Sdn Bhd delivered the
very first new Jazz Sport Hybrid i-DCD
to its proud owner Aneesa Abdul Rashid
(second from left), with her daughter, at
the official handover ceremony at Honda
Global Amity in Bangi, Selangor, on July
26. Also present to congratulate Aneesa
were Honda Malaysia managing direc-
tor and chief executive officer Katsuto
Hayashi (left) and group vice-president
Akkbar Danial.
Open House and presented two cheques,
comprising a 0.1% donation from the to-
4 (From left) Bank Negara Malaysia
tal spending of Maybank Islamic Ikhwan
Mastercard holders, to selected non-gov-
ernmental organisations in Kuala Lum-
pur on July 24. Present were (from left)
Maybank Islamic chief executive officer
Datuk Mohamed Rafique Merican, Mercy
Malaysia vice-president Datin Raja Riza
Shazmin Raja Badrul Shah, Maybank
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
chairman Datuk Mohaiyani Shamsudin,
Maybank Islamic chairman Zainal Abidin
Jamal and Islamic Aid Malaysia president
5 The Sarawak Convention Bureau, repre-
sented by its senior marketing executive
Jemima Rinai Joseph (first from left), head
Zawahir Abdullah. of business development Anedia Kahar
(second from left) and senior communi-
(BNM) governor Datuk Muhammad
Ibrahim, Plantation Industries and
cations executive Jonathan Soon (fourth
from left), paid a visit bearing sundries to
the 10 Ringgit Club, a non-profit organisa-
Commodities Minister Datuk Seri Mah tion represented by Julie, in Miri recently
Siew Keong, and Malaysian Palm Oil
Council chairman Datuk Lee Yeow Chor
at the launch of coins minted to com-
to address the educational needs of mar-
ginalised children in northern Sarawak.
memorate the 100th anniversary of the
Malaysian palm oil industry at BNMs
Museum and Art Gallery in Kuala Lum-
6 Malam Industri Akuakultur 2017 was
held in Petaling Jaya, Selangor, on July 25,
and attended by (from left) Marine Fish
pur on July 27. Farmers Association of Malaysia (MF-
MONDAY JU LY 3 1 , 20 17 T HE E D G E FINA NCIA L DA ILY
H O M E B U S I N E S S 19

5 6

7 8

9 10

FAM) deputy president and organising
committee chairman Mohamed Razali
Mohamed, Malaysia Aquaculture Devel-
opment Association (Mada) vice-presi-
dent Ben Lee, MFFAM president Datuk
Goh Cheng Liang, Shrimp Aquaculture
Alliance Malaysia president Abu Bakar
Ibrahim, Malaysian Fisheries Society
president Abdullah Abdul Rahim, Ag-
riculture and Agro-based Industry Min-
ister Datuk Seri Ahmad Shabery Cheek,
Malaysian Shrimp Industry Association
president Syed Omar Syed Jaafar, Mada
president Ng Yih Chen, Maritime Insti-
tute of Malaysia director-general First
Admiral (Retired) Datuk Chin Yoon Chin
and Fisheries Development Authority of
Malaysias Untong Keri.
7 Bursa Malaysia Bhd chief executive of-
ficer Datuk Seri Tajuddin Atan (right)
9 (From left) CIMB Investment Bank Bhd
and chief financial officer Rosidah Ba-
harom at the media briefting on Bursas
first half of financial year 2017 results in
Kuala Lumpur on July 26.
8 (From left) Mah Sing Group Bhd execu-
tive director Datuk Steven Ng Poh Seng,
group managing director and group chief
executive Tan Sri Leong Hoy Kum, and
chief executive officer and executive di-
rector Datuk Ho Hon Sang at Invest Ma-
laysia 2017 in Kuala Lumpur on July 26.
chief executive officer (CEO) Datuk
Kong Sooi Lin, CIMB Group Holdings
Bhd group CEO Tengku Datuk Seri Za-
frul Tengku Abdul Aziz, Permodalan Na-
sional Bhd (PNB) group chairman Tan
Sri Abdul Wahid Omar, Bursa Malaysia
Bhd chief commercial officer Selvarany
Rasiah and CIMB Investment Bank Ma-
laysian head of equities Ruzi Rani Ajith
at a luncheon hosted by CIMB during
Invest Malaysia 2017 in Kuala Lumpur.
The discussion centred on, among oth-
ers, PNBs strategic directions and out-
look for the Malaysian equity market.
10 MMC Corp Bhd welcomed more than
1,500 stakeholders consisting of gov-
ernment officials, business and joint-ven-
ture partners, corporate clients, bankers
and customers to its Meriahnya Aidilfitri
Open House 2017 at Mahkota Ballroom,
Hotel Istana, Kuala Lumpur, recently.
Present were (from left) Indah Water Kon-
sortium Sdn Bhd chairman Tan Sri Abu
Zahar Ujang, MMC Corp chairman Tan
Sri Shamsul Azhar Abbas, Second Finance
Minister Datuk Seri Johari Abdul Ghani
and MMC Corp group managing director
Datuk Seri Che Khalib Mohamad Noh.
20
live it!
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY

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

PHOTOS BY BLOOMBERG

Personal
ASSISTANT
CO M PI L ED BY SH A L I N I YEAP

WORK. LIFE. BALANCE

MICHAEL Veerapen, a household name in

the Malaysian jazz scene, will be performing
at No Black Tie tonight. Having established
his place as a jazz pianist, producer, record
studio head and mentor since his time in
the funk-fusion band Asia Beat with Lewis
Pragasam, Veerapen continues to wow audi-
ences with his performance. Catch him live
at 17 Jalan Mesui, O Jalan Nagasari, Kuala
ROLLS-ROYCE UNVEILS
THE PHANTOM VIII
Lumpur, at 9pm tonight. The cover charge
is RM32, while the concert ticket is priced at
RM160 and can be purchased via the venues
website. Visit www.noblacktie.com.my or call
(03) 2142 3737 for reservations and more.
Its been 14 years since the carmaker updated its
agship chariot, and the result is worth the wait
01

BY H ANNAH E LLI OTT, E LI S ABE TH designers who laboured to birth the new and pushed up higher than previous gen-
BEHRM ANN & THO M AS S E AL one in Goodwood, England. The Phantom erations so that the Spirit of Ecstasy hood

PAY a visit to the recently reopened 1,963-sq
ft Balenciaga store in Pavilion Kuala Lumpur
that houses ready-to-wear collections for
both women and men, alongside accessories
and eyewear. Encapsulating the new creative
vision of a new era of Balenciaga under the
artistic direction of Demna Gvasalia, it is a
fusion of the classic and the modern. The
architecture contrasts textures that speak
simultaneously of the traditional sophistica-
tion of haute couture and the industrial en-
vironments of the contemporary. High-gloss
rosewood, used for walls and display tables,
is laid alongside concrete, cast aluminium
and glass. The store is located at Lot 2.44,
2.45 & 2.47, level 2 of Pavilion Kuala Lumpur,
168 Jalan Bukit Bintang, Kuala Lumpur. Call
(03) 2141 8827/8857 for more information.
PART of The Body
Shops new line of
ginger scalp care
is an anti-dan-
druff shampoo
blended with
potent Sri Lan-
kan ginger, birch
bark, white wil-
low extracts and
Community Trade
honey. Recom-
mended for dry,
itchy scalps, the
100% vegetarian
shampoo prom-
ises to clear loose
akes and sooth
the scalp for a clean, refreshing feel. Priced
at RM39 (250ml), the shampoo is available
at The Body Shop outlets nationwide.
R
olls-Royce has introduced the
Phantom VIII. This is Rolls-
Royces largest and grandest
car ever, born from the same
line as those used by Elvis
and Queen Elizabeth II and
50 Cent, plus myriad tycoons and oligarchs
the world over. The revamped saloon will
cost 375,000 (RM1.88 million).
Unveiled to the public in London last
Friday, just days after the UK moved to
ban combustion vehicles by 2040, the 2018
Rolls-Royce Phantom is only the second
modern version of the flagship state car
that Rolls-Royce first introduced in 1925.
BMW Group unveiled the first truly mod-
ern Phantom in 2003 and used it until 2011;
Phantom VIII is the first time since then
that the car has been updated completely.
In the years before 2003, Rolls was produc-
ing the Phantom VI on an incredible run
from 1968 to 1990.
The cars longevity is a testament to its
design, which has withstood the test of
time with grace and aplomb. That success
is, in turn, a challenge to the Rolls-Royce
02
is Rolls-Royces biggest money-making se-
ries around the world. In this rare air, there
is no margin for error.
Rolls-Royce will start to go electric in
the next decade, Torsten Muller-Otvos, the
brands chief, said in an interview. You
need to have then an effortless charging
situation, as its wealthy clientele isnt in
the mood to spend more than a couple of
minutes topping up batteries.
The looks
From my first experiences with the car, it
looks like the team can rest easy. Everything
about the Phantom VIII is smooth, espe-
cially how it looks. Giles Taylor, the director
of design for Rolls-Royce, deserves much
credit here for accomplishing what many
have not creating a new iteration of an
old car so that it feels fresh but familiar.
His Phantom VIII manages to look both
modern and majestic.
During the private preview in New York,
Taylor said he wanted the car to look as
though its surging forward as a boat would
emerging from the water. It does: The new
super-clean stainless steel grille is recessed
03
ornament virtually catapults forward. The
front end of the car is shorter and the back
is longer than previously as well. All the styl-
ing lines in the rear circle forward and lead
the eye back through to the front wheel.
The rear glass is raked more aggressively
than on Phantom VII, which adds to the
general idea of forward thrust.
Elsewhere, wide C-pillars along the
sides allow for passenger privacy; massive
single-pieces of hand-polished stainless
steel frame and soften each side. (On the
Extended Wheelbase Phantom, a single
polished stainless steel strip along the sill
marks it as special.) Youll be hard-pressed
to find any visible join lines between body
panels at any point in the car. I certainly
couldnt.
The intricate details of every compo-
nent inside the car are too numerous and
mind-numbing to list here, but suffice to
say they adorn the car like jewels. The rear
light cluster has tiny Double-RR badges
etched in; the high-gloss picnic tables
and chrome dials make the rear feel like a
theatre (yes, there are movie screens); the
centre of the wheels always point right-side
 live it! 21
MONDAY JU LY 3 1 , 20 17 T HE E D G E FINA NCIA L DA ILY

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

01. The new Rolls-Royce Phantom VIII,

manufactured by Rolls-Royce Motor Cars
Ltd, stood on display during a media
preview of its unveiling in London last
Wednesday.

02. This is the rst major new installation of the

car since 2003.

03. The doors close with the touch of a button

so that they are quiet and smooth for valet-
assisted entries and exits.

04. Phantom VIII comes in regular and long

wheelbase versions. The rear seats recline
nearly at.
04 05
05. The detail along the dashboard is meant
to evoke an art gallery, able to show o the
owners private collection of valuables. V12 engine turbocharged to 563bhp. (This is a
change from the previous naturally aspirated,
06. Rolls gave Phantom VIII a 6.75-litre, V12 453hp V12 engine used in Phantom VII.) The
engine turbocharged to 563bhp. turbo enables low-end power at lower revs,
which works wonders to ensure silence at
07. Phantom VIII has a ZF eight-speed gearbox speed. The car tops out at 155 mph, and itll
that is aided by satellite technology to make hit 60 mph in 5.3 seconds. This, significantly,
impeccable shifts for the road ahead at any is far faster than, say, those smaller race car-
speed. light Lancias that dominated the rally-cross
track for decades.
08. Multiple seat congurations are available in The effect is unearthly once you close the 06
the Phantom VIII. doors everything outside the car goes im-
mediately mute. Reclining last month in the
09. A 100% original and new chassis improves back of the Phantom VIII was like lounging
propulsion, traction, and, by 30%, the cars in a cocoon. Ive been in sound studios that
overall rigidity. felt louder; you could easily record a Rick Ross
album in there.
At any rate, Id like to hear the difference
on the road. Rolls-Royce, alas, hasnt yet per-
up even as the car drives. Taylor even made mitted press drives, but initial results of this
the wood panelling across the back of the much-ballyhooed chamber are positive, very
front seats to evoke the famous Eames positive.
Lounge Chair.
Its worth noting that this is only the Gallery staging
second Phantom produced by Rolls-Royce Another point of immense and justified
under its BMW overlords. The driving sys- pride from the Rolls-Royce contingent is the
tem and entertainment controls are very gallery installed in the dashboard.
similar to those in some of the brands other Let me explain. Rolls says that many of
vehicles. But even at this early stage, its its buyers are collectors of fine mechanical 07
easy to see that none is so befitting royal- watches, figurines, jewelry, and other trinkets
ty as the new Phantom VIII. Phantom VI worth far more than their size might suggest.
was famously used as the coach for the (After visiting the factory in Goodwood one event of a crash. One would hope. matically adjusts the suspension for the
nuptials of Prince William and Kate Mid- year, I know this is true the bespoke cars I And storage in general is ample. Trunk road ahead.
dleton in 2011. Phantom VIII is a worthy, saw being built there include storage for some space was something which was criticised Its notable that the all-aluminum frame
modern successor. of the most eccentric things, such as cabinets in the Phantom VII, said Muller-Otvos. We will underpin every future Rolls-Royce
for duck collections.) So it follows that perhaps said OK, understood. We do it, and it is now beginning with Phantom VIII, so no new
Silence please these individuals would like to be able to ap- massively more spacious in the new model. Rolls-Royce will ever again use the same
Talk to anyone at Rolls-Royce associated preciate some of their collections outside the monocoque construction that is typical
with Phantom VIII, and youll hear the home. Even on the road, as it were. Smooth as a cloud, but really across the industry. Its also notable that
same key items about the car mentioned Enter Phantom VIII, with a glass case in- Here are the reasons why the Rolls-Royce the camera system is one of many that
with glowing pride. Primary among them stalled in the dashboard if the buyer so wishes. Phantom VIII will likely be the smoothest car include panoramic- and helicopter-view
is the silence of its ride. According to Rolls- Anyone who buys one can instal whatever he youll ever operate. cameras; a night vision camera; a seven-
Royce, it is 10% quieter at 60 mph (96.56 or she wants inside along the dash, behind 1. A Rolls ZF eight-speed gearbox aided by inch-wide heads-up display; and myri-
kph) than the previous Phantom. This the glass. Its like a viewing gallery. satellite makes impeccable shifts at any speed. ad collision/lane departure/cross traffic
comes thanks to sound-absorbing materi- Every one of our customers each a 2. A 100% original and new chassis de- warning systems. This is by far the most
als layered inside the headliner, trunk and connoisseur of luxury in the extreme [was] signed and engineered to sustain the exact technologically advanced Rolls-Royce on
doors; massive cast aluminum joints in the asking for something more individual to them, weight (5,862 pounds [2,658.96kg] for the short the market, even surpassing the sporty
body of the car, which cut noise; double not less, said Muller-Otvos. We were ada- wheelbase; 5,948 pounds for the longer ver- Wraith coupe.
skin alloy laid on areas within the floor mant that that was what they should have. sion) and motion of the Phantom VIII, which But I digress.
and bulkhead of the frame of the car; and The gallery does come with one permanent improves propulsion, traction, and, by 30%, The main point here is that everything
special silent-seal tires that have foam installation: An analogue clock that will be the the cars overall rigidity. about this car is smooth even the doors,
inside to minimise road noise. loudest sound you can hear in a Rolls-Royce, 3. Four-wheel steering similar to that of which shut by the light touch of a sensor
Its also due to a new as opposed to one presser bragged. Giles Taylor, the director a new Lamborghini, which increases agility so that they whisper closed of their own
simply updated or reconfigured engine. of design for Rolls-Royce, told me the glass is and stability around corners. accord. Because slamming a door is so
Rolls-Royce gave Phantom VIII a 6.75-litre, treated so that it is not a safety hazard in the 4. A complex camera system that auto- continental, isnt it? Bloomberg

08 09
22 F E AT U R E
McDonalds can take lessons
from Wal-Mart, Target
Its time for the company to adapt to the rise of digital ordering and delivery
BY SA R AH HA L ZAC K
N
ot long ago, it seemed
the golden arches
of McDonalds Corp
were in danger of
crumbling under
the weight of new
competition and diners emerging
preference for healthy food.
But the fast-food giant has staged
an impressive turnaround, large-
ly by getting back to doing what it
has always done best: It gave cus-
tomers food they wanted to eat.
(Hello, round-the-clock Egg Mc-
Muffins.) And it chased hard after
budget-conscious consumers.
As it reported earnings last
Tuesday, the company said glob-
al same-restaurant sales jumped
6.6% from a year earlier, the eighth
consecutive quarter of gains on this
measure. The streak looks especial-
ly remarkable given how gloomy
things have been looking in the
wider restaurant industry.
Shareholders have applauded
the progress, pushing the stock near
all-time highs. Now, as McDonalds
moves on from turnaround mode,
it would do well to heed some les-
Japans exotic Kit Kats entice tourists, new Nestle plant
BY N AO M I SC H A NEN
WASABI, green tea and sake arent
just foods in Japan, theyre also a
few of the many versions of Kit Kats
offered in the country.
While the wafer-and-chocolate
snacks have been available in more
than 300 flavours here for more
than four decades, recent offerings
from custard pudding to ginger
have made the nation the go-to
destination for picking up odd var-
iations. Theyre so popular among
tourists that Nestle SA is building
its first Kit Kat factory in 26 years
to meet booming demand.
Its no surprise, then, that the
archipelago boasts the worlds sec-
ond-largest consumption of Kit
Kats. Nestle Japan will start operat-
ing a second factory in the western
city of Himeji from August dedi-
cated to making upscale, pricier
versions of the snack.
Thats probably a safe bet, thanks
to Japans tourism boom. Spending
by visitors surged to a record 2.5
trillion (RM96 billion) in the six
months through June, according to
the Japan National Tourism Organ-
ization. Theyre also spending more
on confectionaries, with candy con-
sumption more than tripling over
the past four years to 131 billion
in 2016, according to the ministry
of the environment.
We have Kit Kat back in Ger-
sons offered by two retailers that
are often located just across the
parking lot from it.
Just as McDonalds was able to
revive sales by embracing simple
changes to its core business, so,
too, did the titans of the big-box
world: Wal-Mart Stores Inc and
Target Corp.
A few years ago, when Walmart
was in a rut, it doubled down on
fundamentals. It emphasised
making stores tidier and ensuring
shelves were well stocked. It raised
employee wages, partly to improve
customer service. It worked.
Target, meanwhile, regained
momentum in 2015 by putting
its muscle behind the cheap-chic
clothes and home goods that initial-
ly won shoppers loyalty. It added
more enticing displays in its apparel
and home-goods departments, and
it was rewarded with stronger sales.
But Wall Street treats these two
big-box stores very differently these
days, favouring Walmart over Tar-
get. Thats partly because Targets
initial rebound hasnt been sus-
tainable, with its same-store sales
slipping into decline again. But its
also because of differences in how
many, but its not the same, said of the snack is the Kit Kat Choc-
backpacker Matt Borscak, 34. The
cultural touch makes it interesting.
I bought a few packs of the wasabi
ones, and I cant wait to shock my
friends.
A popular destination for fans
If McDonalds wants
to keep its share price
cooking, it had better
soon prove it has
a recipe for digital
domination.
each retailer is poised to compete
in the digital world.
In the past year, Walmart has
come out guns blazing in the
e-commerce fight. It has acquired
promising up-starts such as Jet and
Bonobos. Its head of e-commerce,
Marc Lore, pushed it to offer free
two-day shipping on most pur-
chases, a direct challenge to Am-
azon.com Inc. It has dramatically
expanded its online offerings. The
payoff : a whopping 63% increase
in digital sales in the latest quarter
from a year earlier.
Meanwhile, Targets steps on the
online shopping path have been
more timid, and its vision for the
digital era less clearly defined.
berry and grapefruit with some
olatory at an underground shop-
ping centre connected to the Tokyo
Station, where Nestle sells high-
end flavours that can fetch more
than 1,500 per package. Boxes of
gourmet seasonal flavours rasp-
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
In other words, both of these
retailers got a boost when inves-
tors thought they had gotten their
lumbering, legacy businesses in
shape. But that only went so far.
What happened next depended
on how investors evaluated their
steps to refashion themselves into
online power players.
McDonalds is now in a similar
spot. Ronald McDonalds house is
in order, but its time for the com-
pany to adapt to the rise of digital
ordering and delivery.
McDonalds has long been a go-
to for convenience-oriented diners.
But thanks to delivery start-ups
such as UberEats, Postmates, Seam-
less and GrubHub, a wider array of
restaurants are now competing for
such meal occasions.
Importantly, about 70% of Mc-
Donalds US sales are made at the
drive-through window. Those on-
the-go diners would seem to find
delivery especially appealing.
Meanwhile, customers increas-
ingly want to be able to place pickup
orders from their mobile phones.
McDonalds cant afford to be late
in meeting those expectations. And
a well-designed mobile-ordering
popular gift for people about to
costing as much as 3,500, or more
than 10 times the cost of a regular
bag of Kit Kats, are stacked across
a counter, wrapped in gold paper.
On Tuesday, Nestle Japan opened
its renovated Chocolatory flagship
system could help manage lines
and increase sales productivity at
its restaurants.
McDonalds has outlined plans
for addressing these shifts in con-
sumer preferences. This year, it ex-
pects to offer mobile order and pay
in 14,000 of its US restaurants a
sharp increase over the more than
400 locations where it was testing
the technology as of April.
Its also expanding its pilot of
delivery to more US cities. It helps
that McDonalds has some experi-
ence there: The chain already has
a robust delivery business in some
markets outside the US in China,
for example, delivery accounts for
10% of total sales.
Digital strategy is already start-
ing to sort the restaurant industry
into winners and losers. Just look
at Dominos Pizza Inc: Its sales
growth and market capitalisation
are crushing those of rivals such
as Papa Johns International Inc,
thanks to its strength in online or-
dering.
If McDonalds wants to keep its
share price cooking, it had better
soon prove it has a recipe for digital
domination. Bloomberg
While the wafer-and-chocolate
snacks have been available in
more than 300 avours in Japan
for more than four decades, recent
oerings from custard pudding to
ginger have made the nation the
go-to destination for picking up odd
variations. Photo by Bloomberg
store in Ginza, Tokyos main shop-
ping district.
We take pride in our unique
flavours and I think that makes
Japan special in the Kit Kat world,
Takuya Hiramatsu, a spokesman for
Nestle Japan, said in a telephone
interview, noting that the compa-
ny offers 30 flavours now. He cited
matcha as a favourite of tourists
and locals alike, with visitors also
snapping up flavours like wasabi,
sake and purple yam.
While Kit Kat chocolates debut-
ed in the UK in 1935 and are an
enduringly popular snack in North
America and Europe, consumers in
Japan embraced them in part be-
cause the products name sounds
like kitto katsu, or sure win in
Japanese. That has made them a
sit for an examination, or take on
an important project. Packages
adorned with phrases like Do Your
Best! and Believe in Yourself! are
popular during school entrance
exam season. Bloomberg
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Isner powers
way to Atlanta
Open Final
ATLANTA: American John Isner used
his strong serve to overpower Gilles
Muller 6-4, 6-2 on Saturday and ad-
vanced to his fifth consecutive final
at the BB&T Atlanta Open here.
Second-seed Isner needed just
75 minutes to extend his spectacular
success at the tournament. He lost to
Australian Nick Kyrgios in last years
final but won the tournament in 2013,
2014 and 2015.
It was a very good match. Abso-
lutely nothing to complain about to-
day (Saturday), Isner told reporters.
I feel great physically, maybe the best
I have felt in quite some time. More
importantly than that I am pretty
confident as well.
Isner bid for his fourth Atlanta title
yesterday when he faced fourth-seed-
ed American Ryan Harrison, who
posted a 6-7 (5), 6-3, 6-4 victory over
fifth-seeded Brit, Kyle Edmund.
The 32-year-old Isner broke Mul-
ler in the third game of the first set to
gain early advantage and twice in the
second before erasing three break
points while serving for the match.
He made it very tough for me to-
day, Muller said after dropping to 2-4
versus Isner in his career. Reuters
Dressel on verge of worlds
magnificent seven
BY RYLAND JAMES
BUDAPEST: Caeleb Dressel could
have made history yesterday by
matching Michael Phelpss feat in
winning a seventh gold medal at
a world aquatic championships.
The 20-year-old Dressel claimed
three world golds within an hour-
and-a-half on Saturday.
Victories in the mens 50m free-
style and 100m butterfly, then with
the US team in the mixed 4x100m
freestyle relay, left him with six
golds at the 17th FINA World
Aquatics Championships here.
Dressel could match Phelpss
record of seven gold medals, from
the 2007 world championships
in Melbourne, with victory in the
Fighting for their fate Chinese kids adopted by MMA club
BY F R ED D U FOU R/ YA NA N WANG
CHENGDU: The 13-year-old fighter
in training starts his day at 8am.
After a quick breakfast, he heads
to a gym in south-west China where
more than a dozen other shirtless
teenage boys are kick-boxing, wres-
tling and grappling holding one
another in full-body grips until one
person yields.
Abieamu is among the kids
from the Tibetan plateau who were
adopted into the Enbo Fight Club
here, the capital of Sichuan prov-
ince. Many were orphans or came
from impoverished homes, and
were connected to the club through
the local civil affairs bureau.
Never bet against
Bolt, says Bailey
Those who do arent smart, says the former record holder
BY KAYON RAYNOR
KINGSTON: Former 100m world
record holder Donovan Bailey has
backed Usain Bolt to bow out in tri-
umph at the world championships
next month despite his slow build-
up to the athletics showpiece.
Bolt logged his season best of
9.95 seconds just over a week ago
in Monaco, a time beaten by a
raft of sprinters this year. But the
30-year-old Jamaican is still the
raging favourite to win his fourth
100m world title, and with good
reason, according to former world
and Olympic champion Bailey.
Anyone that bets against Bolt
at a major championship isnt
smart, the Jamaica-born Cana-
dian told Reuters on Saturday.
mens 4x100m medley relay yes-
terday.
Despite the physical and mental
toll of winning three world golds
within 90 minutes, Dressel was re-
laxed before yesterdays final day.
I dont feel under pressure,
he said.
I just want to keep doing my
own thing and Im looking forward
to that one more fast one.
Elsewhere , Russias Yuliya Efi-
mova and Americas Lilly King
resumed their battle in the 50m
breaststroke final.
The pair were the fastest quali-
fiers into yesterdays final as King
clocked a new American record of
29.60 seconds, but Efimova was
just 0.13 second behind. AFP
Though most of the clubs activities
are government-sanctioned, Cheng-
du police launched an investigation
into the mixed martial arts (MMA)
group last week after a video show-
ing two 14-year-old boys in a bruis-
ing cage fight before a roaring crowd
went viral the week before.
Local authorities could not be
reached for comment last Friday. The
education department in Liangshan
Yi Autonomous Prefecture told Chi-
nese media that the underage fighters
have been returned to Liangshan and
may be matched with new schools.
A coach for the club told AFP
that most of the kids have returned
to the Tibetan and Qiang Auton-
omous Prefecture of Aba, where
Those athletes have to have
a mistake-free race to make [the
100m final] interesting, he said
of Bolts rivals.
Bolt is currently ranked joint sev-
enth with arch-rival, Justin Gatlin,
on the years top timesheet which is
headed by world leader and Amer-
ican NCAA champion Christian
Coleman. Coleman ran 9.82 sec-
onds in Eugene, Oregon last month.
Bolts Jamaican training part-
ner, Yohan Blake, is second on the
list with 9.90.
Former Trinidad and Tobago
sprinter Ato Boldon, who won
the 100m world championship
in 1997, thinks only Blake has a
chance to spoil world record hold-
er Bolts party in London.
If Blake is healthy, he can
Dressel celebrating after winning the mens 100m buttery nal at the 17th FINA World
Aquatics Championships in Budapest on Saturday. Photo by Reuters
they are continuing their training.
En Bo, the clubs Tibetan found-
er, was formerly in the military, and
has spent the last 18 years running
amateur MMA fighting studios.
The Enbo Fight Club boasts of
more than 200 members, with kids
comprising just a small fraction.
As long as they meet my stand-
ards, we take kids of all ethnic
groups, including the Qiang, Hui,
Yi and Tibetan minorities, En Bo
told AFP in June. We have a team
that manages their health and safe-
ty, as well as teachers who are re-
sponsible for their schooling.
The kids housing, food and
clothes are all provided by the club,
En Bo said, and they receive extra
be a real threat to Bolt. I dont
know that anyone else this year
has shown me that they can be
better than Bolt in the last 50m,
Boldon told Reuters.
Bolt, who has won eight Olym-
pic and 11 world championship
gold medals, is planning to quit the
track after competing in the 100m
and 4x100m relay in London.
Boldon, a four-time Olympic
medallist, said there could be no
debate about the worlds great-
est-ever sprinter.
There isnt anyone who can
say that he (Bolt) has not been
the best ever, he said.
Jesse Owens was the most im-
portant, Carl Lewis made sprinting
profitable, but Bolt is the GOAT
(greatest of all time). Reuters
scholarships if they win fights.
But many commentators online
were alarmed by the web documen-
tary, streamed on the site Pear Video,
in which the kids sparring appeared
to be sold as a commercial spectacle.
In the footage, two thin, prepubes-
cent fighters are seen in an octagonal
steel cage. One knocks the other down
and proceeds to bash him repeatedly
about the head and body as the losing
fighter cowers on the mat.
Models wearing bikini tops and
short jeans cheer and a man with
a microphone whips up the crowd
by saying the boys were fighting
for their fate.
These kids are tougher than
your kids, the MC says. Their sto-
S P O RT S 2 3
IN BRIEF
Smith celebrates 350th
game in big Storm win
SYDNEY: Test skipper Cameron
Smith celebrated his 350th Na-
tional Rugby League (NRL) game
with a starring role in Melbourne
Storms crushing 40-6 win over
the Manly Sea Eagles yesterday.
Smith was involved in four try as-
sists, topped the tackle count and
kicked six goals as the Storm pre-
served their two-point lead over
the Sydney Roosters at the top of
the standings. The skilful hooker
became only the third NRL player
and first forward to join the 350-
game club, along with Darren
Lockyer (355) and Terry Lamb
(350), and is now within sight
of breaking the league record
by the end of this season. AFP
Pay squabble horrible
for game, Clarke says
SYDNEY: Former captain Mi-
chael Clarke said yesterday a bit-
ter pay dispute between players
and Cricket Australia (CA) was
horrible for the game and their
relationship was likely to be in
tatters even after a resolution.
After months of negotiations,
the players and CA have failed
to reach agreement on a new
pay deal, leaving 230 cricketers
unemployed since the end of last
month when their contracts ex-
pired. Clarke feared things would
not be the same between the
governing body and the players
if and when the disagreement
was finally resolved. I think its
been horrible for the game, to
be honest, Clarke told Channel
Nine. AFP
Alves urges friend
Neymar to show courage
TANGIERS: Veteran Brazil inter-
national full-back Dani Alves said
he is hopeful superstar Neymar
will join him at the Paris Saint
Germain but insisted he isnt
using his personal friendship to
sway the Barcelona forwards de-
cision. The two were teammates
at Barca from Neymars arrival
in 2013 until Alves left to join
Juventus a year ago. Alves hopes
Neymar will show courage and
decide to swell the French cap-
ital clubs large Brazilian contin-
gent, that includes forward Lucas
Moura, and centre-backs Thiago
Silva and Marquinhos. AFP
ry is more touching than your kids.
And they have had it much harder
than your kids.
The video was a point of fierce
debate on Chinas Twitter-like Wei-
bo platform.
Soliciting and using minors to
engage in commercial performanc-
es which are also violent, while de-
priving them of a salary, is illegal,
wrote one user named Chen Ming.
Others argued that without the
club the boys would end up on the
street and a possible life of crime.
China had 500,000 orphans at
the end of 2015, with less than 20%
raised by the state and only about
5% adopted, the latest-available
official figures show. AFP
2 4 S P O RT S
Confident England face
France at womens Euro
They thrashed Scotland, sank Spain and edged Portugal
BY JAN FLEMR
DOETINCHEM (Netherlands):
A confident England will seek
to extend their perfect record at
the womens Euro against France
while Spain will take on newcom-
ers Austria on the second day of
quarter-finals yesterday.
We go into the game on a
great run of form, said England
coach Mark Sampson, whose side
thrashed Scotland 6-0, sank Spain
India in
dilemma after
massive
Sri Lanka win
GALLE (Sri Lanka): Indias
thrashing of Sri Lanka in the
first Test has left captain Virat
Kohli with a massive yet wel-
come headache as he ponders
his team selection for the next
match.
India dominated the first
Test from the outset to win by
304 runs with a day to spare
in Galle.
The tourists top order bats-
men fared well, with Shikhar
Dhawan making 190 in the first
innings and fellow opener Ab-
hinav Mukund contributing a
quick-fire 81 in the second.
Chatesh Pujara also blasted
153 batting at three in the first
innings while Kohli chipped in
with an unbeaten 103 batting at
four in the second.
The success of the top four
batsmen however leaves Kohli
and coach Ravi Shastri with a
dilemma ahead of the second
Test, starting in Colombo on
Thursday.
Regular opener Lokesh Rahul
missed the match in Galle be-
cause he was suffering from the
flu but is expected to be availa-
ble for the next game, meaning
someone has to miss out.
Yes, its a very tricky situa-
tion, Kohli admitted. Weve
got all four openers firing now.
Shikhar was supposed to
go to Melbourne; now hes got
a 190 in Galle. So, anything can
happen in life.
Its a massive headache but
I guess a good one. You know,
eventually guys understand that
only two can take the field and
at most two or three openers
make the squad.
Kohli was careful not to pre-
empt any picks and hoped who-
ever missed out would not be
too disappointed. AFP
2-0 in a rain-drenched game, and
edged Portugal 2-1 with a reserve
team in the group phase.
We feel we can find solutions
to make the outcome an Eng-
land win, added the 34-year-old
Welshman who took over in 2013.
If you look at the teams left in
this tournament, its only France
we havent beaten in the last three
and a half years. I have every con-
fidence England are capable of
getting to another big semi-final.
Hoffman grabs one-shot lead
at Canadian Open
MONTREAL: Charley Hoffman
birdied the last on Saturday to cap
a seven-under par 65 and take a
one-stroke lead over Kevin Chap-
pell after three rounds of the US
PGA Tour Canadian Open.
Hoffman had eight birdies over-
all on the Glen Abbey course in
Oakville, Ontario, building a 54-
hole total of 17-under par 199.
Six of Hoffmans birdies came
in a seven-hole stretch from nine
through 15. He rebounded from his
lone bogey at 17 with his two-putt
birdie at the last.
The putters been rolling good
the second half of the season, said
Vettel wins in Hungary to stretch F1 lead
BY ALAN BALDW IN
BUDAPEST: Sebastian Vettel won
a tense Hungarian Grand Prix
yesterday in a Ferrari one-two
that stretched his Formula One
(F1) championship lead over
Mercedes rival Lewis Hamilton
to 14 points.
The German, taking his fourth
win of the season, took the cheq-
uered flag 0.9 seconds ahead of
Kimi Raikkonen with Hamilton
finishing fourth after sportingly
surrendering third place to team-
mate Valtteri Bottas on the last lap.
Bottas had let Hamilton past to
attack the Ferraris, on the assurance
that his teammate would hand back
the place if he could not overtake,
and Hamilton kept his word.
The last Ferrari driver to win
from pole position in Hungary was
Vettels compatriot Michael Schu-
macher, who was dominant in 2004
and went on to win his seventh and
last championship that season.
Hungary was the last race before
the August break, with nine of the
21 rounds remaining. Reuters
France beat Iceland and drew
with Austria and Switzerland to
advance from the second spot be-
hind tournament surprise Austria.
In the quarter-final in Deven-
ter, they will miss captain Wendie
Renard, who has picked up two
yellow cards.
Im happy for England if they
are confident but I am too, said
France midfielder Camille Abily.
I trust my team, and I hope
it is us that are talking at the end
Hoffman, who captured his fourth
career PGA Tour title at the Texas
Open in April of last year.
When putts go in its always
easier to shoot a lower score.
Chappell had nine birdies and
three bogeys in his six-under 66 for
200. He bogeyed the par-five 18th,
where he was in a fairway bunker,
the rough and the water.
American Robert Garrigus
matched the course record with
a 10-under par 62 for a share of
third place on 201 alongside Gary
Woodland, who carded a 68.
Garriguss three chip-ins includ-
ed an eagle at the second one of
Vettel celebrating winning the race on the podium with the trophy at the Hungarian
Grand Prix in Budapest, Hungary yesterday. Photo by Reuters
M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE F I N AN C I AL DAI LY
of the game.
We wont change how we play.
We can play a passing game but
also a more direct game and we
will have to vary how we play,
added the Lyon stalwart.
Austria topped Group C after
beating Iceland and Switzerland
and a draw with France, but de-
spite their impressive record so
far, they will enter their quar-
ter-final against Spain in Tilburg
as underdogs. AFP
two eagles to go with six birdies.
The 39-year-old became the fifth
player to post a 62 at Glen Abbey,
where Leonard Thompson first set
the mark in 1981.
He said the key to his success
was not overthinking things.
My mind shuts off, he said.
I might be kind of an idiot when
it comes to that but thats fine.
Im almost so dumb I can play
good golf.
Thats a good quality to have out
here, because youre not thinking
about anything, he added. Youre
not thinking about missing a shot or
hitting it close or whatever. AFP
IN BRIEF
Hosszu on course
to win four medals
BUDAPEST: Hungarys hopes
of gold on the last day of the
world championships will rest
on the shoulders of Katinka
Hosszu after she topped qual-
ifying in the womens 400m
individual medley heats at the
Duna Arena. Hosszu powered
through in the freestyle leg to
clock four minutes 33.90 sec-
onds yesterday morning. The
28-year-old finished 1.39 sec-
onds ahead of Mireia Belmonte
of Spain. Hosszu is aiming to
add the 400 medley title to the
200m individual gold she won
earlier in the week, alongside
silver in the 200m backstroke
and bronze in the 200m butter-
fly. Victory in the final late yes-
terday would see her become
the first woman to claim four
medals in the event. Reuters
Pique lifts Barcelona as
El Clasico lives up to hype
MIAMI: Gerard Pique delivered
Barcelonas match winner over
Real Madrid on Saturday as El
Clasico Miami lived up to the
hype. The Spanish international
steered in a Neymar free-kick
in the 50th minute to seal a
3-2 win for the Catalan giants
in front of 66,014 at the Hard
Rock Stadium. Lionel Messi
opened the scoring after just
three minutes and when Ivan
Rakitic doubled the lead soon
after, the writing appeared to be
on the wall for a sluggish Real
Madrid side. Yet Zinedine Zi-
danes side quickly woke from
their slumber and by the end of
the first half, goals from Mateo
Kovacic and Marco Asensio
had pulled them level. AFP
Champagne makes o-
cial return to F1 podium
BUDAPEST: French cham-
pagne, rather than sparkling
wine, will again be sprayed on
the Formula One (F1) podium
after Carbon was announced
as the sports new official sup-
plier at the Hungarian Grand
Prix yesterday. In a fresh twist,
the bottles presented to the top
three drivers will have mark-
ers gold for the winner, sil-
ver for second and bronze for
third. The bottles, containing
a vintage 100% Chardonnay
2009 Blanc de Blanc Grand Cru
Millesime, are coated in the
same carbon fibre used in man-
ufacturing race cars. Reuters
Greenland red Eritrean
coach due to racism
STOCKHOLM: Greenlands
national football team coach,
a man of Eritrean origin, has
slammed his firing as unjus-
tified and having racist mo-
tives, local media reported last
Friday. Tekle Ghebrelul has
been accused of assaulting a
minor, which he denies and
calls a pretext to fire him in
order to silence his criticism
against the hostility against
him in the North Atlantic auton-
omous Danish territory, which
he moved to 14 years ago, ac-
cording to the daily Greenlandic
newspaper Sermitsiaq. AFP
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.023 0.561 0.795 0.770 7609 AJIYA 0.770 -0.010 1264.4 0.778 11.48 2.60 234.5
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.090 5.2
2.099 0.651 1.780 1.750 2674 ALCOM 1.770 0.010 458.3 1.761 20.16 11.58 237.8
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.825 0.790 4758 ANCOM 0.790 -0.015 8256.1 0.810 21.24 173.0
3.550 1.232 3.100 3.020 6556 ANNJOO 3.040 -0.030 627.4 3.041 6.47 2.96 1,616.5
KLSE COMPOSITE 1,767.08 -2.99 -0.17 TECHNOLOGY 37.82 0.34 0.91
0.551 0.105 0.110 0.105 9342 ANZO 0.110 0.005 12181.2 0.105 88.4
KLSE INDUSTRIAL 3,274.01 -9.86 -0.30 FTSE BURSA 100 12,232.61 -15.04 -0.12 1.100 0.825 1.030 1.030 5568 APB 1.030 UNCH 15.2 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 628.94 -0.55 -0.09 FTSE BURSA MID 70 14,973.47 2.90 0.02 4.147 3.220 3.900 3.840 5015 APM 3.850 -0.050 40.2 3.861 15.12 3.90 776.2
1.240 0.735 1.120 1.100 7214 ARANK 1.110 -0.020 158.3 1.104 7.51 2.70 133.2
INDUSTRIAL PRODUCT 155.87 0.24 0.15 FTSE BURSA SMALL CAP 17,338.61 19.04 0.11
1.290 0.671 1.240 1.200 7162 ASTINO 1.220 -0.020 1345.2 1.215 8.82 0.82 334.4
CONSTRUCTION 337.21 -0.75 -0.22 FTSE BURSA FLEDGLING 19,299.62 -48.00 -0.25 1.480 0.384 1.080 1.060 7099 ATTA 1.060 UNCH 1449.9 1.065 4.16 7.37 116.4
TRADE & SERVICES 229.95 -0.76 -0.33 FTSE BURSA EMAS 12,591.63 -13.53 -0.11 1.140 0.290 0.290 0.290 7181 ATURMJU 0.290 -0.010 90 0.290 17.7
2.550 1.442 8133 BHIC 2.200 5.49 1.36 546.6
KLSE FINANCIAL 16,826.38 -4.41 -0.03 FTSE BUR MSIA ACE 6,616.64 -54.94 -0.82
0.570 0.390 0.435 0.435 7005 BIG 0.435 UNCH 10 0.435 20.9
KLSE PROPERTY 1,265.90 2.02 0.16 FTSE BUR EMAS SHARIAH 12,729.68 -15.72 -0.12 0.580 0.095 0.550 0.525 7187 BKOON 0.530 -0.015 3044.6 0.538 146.7
KLSE PLANTATION 7,839.79 4.39 0.06 FTSE BUR HIJRAH SHARIAH 13,943.85 -24.31 -0.17 1.110 0.755 0.905 0.900 168 BOILERM 0.905 UNCH 126.8 0.902 20.20 1.66 467.0
2.425 1.610 1.690 1.610 6297 BOXPAK 1.690 0.060 5.2 1.619 202.9
KLSE MINING 510.66 -4.05 -0.79 FTSE/ASEAN 40 10,492.15 -42.50 -0.40
1.629 1.293 1.390 1.380 5100 BPPLAS 1.380 UNCH 32.8 1.389 16.49 5.80 259.0
0.400 0.295 0.315 0.315 9938 BRIGHT 0.315 -0.015 20 0.315 51.7
0.675 0.210 0.545 0.525 7221 BSLCORP 0.535 0.010 1063.8 0.536 7.12 52.4
0.365 0.205 0.250 0.245 7188 BTM 0.250 0.005 174 0.248 56.82 31.3
3.785 3.182 3.380 3.340 5105 CANONE 3.380 UNCH 116.5 3.362 7.18 1.18 649.5
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.168 1.883 2.030

1.810 0.782 1.810
1.800 1.450
2.020
1.700

7076
2879
8435
CBIP
CCM
CEPCO
2.030
1.740
1.750
-0.010
-0.010

80.6
1689.4

2.028 9.12
1.772 64.93
88.38
2.96
2.87

1,092.6
796.3
78.4
1.140 1.020 8044 CFM 1.040 42.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.860 1.357 1.850 1.830 5007 CHINWEL 1.850 0.020 256.4 1.844 9.65 4.32 554.1
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.400 1.344 2.120 2.080 5797 CHOOBEE 2.090 -0.030 185.5 2.093 6.81 2.87 229.7
CONSUMER PRODUCTS 1.150 0.680 8052 CICB 1.110 28.24 55.5
0.795 0.545 0.545 0.545 7120 ACOSTEC 0.545 -0.005 20 0.545 681.25 4.59 96.9 0.075 0.050 0.050 0.050 7018 CME 0.050 -0.005 100 0.050 24.3
4.887 3.595 7090 AHEALTH 4.730 15.72 2.43 554.1 4.628 3.476 3.930 3.680 2852 CMSB 3.890 0.200 2400.9 3.843 21.89 1.62 4,179.3
25.820 12.677 25.800 25.300 2658 AJI 25.680 0.560 118.3 25.602 8.33 1.64 1,561.3 0.540 0.200 7986 CNASIA 0.330 0.65 15.0
0.380 0.210 7051 AMTEK 0.300 15.0 1.559 1.241 1.320 1.310 5071 COASTAL 1.310 -0.010 84.2 1.311 14.95 1.53 696.4
6.007 4.970 5.250 5.100 6432 APOLLO 5.200 UNCH 58.1 5.138 23.32 4.81 416.0 1.150 0.665 0.865 0.855 7195 COMCORP 0.865 0.005 687 0.861 8.15 121.1
1.110 0.800 7722 ASIABRN 0.880 69.6 0.945 0.620 0.935 0.890 2127 COMFORT 0.930 0.045 15982.3 0.917 10.69 519.7
3.951 3.140 3.330 3.330 7129 ASIAFLE 3.330 UNCH 74.8 3.330 11.45 2.10 648.5 2.156 1.208 1.790 1.750 5094 CSCSTEL 1.760 -0.030 642.9 1.773 9.45 5.68 668.8
51.548 39.606 44.480 43.900 4162 BAT 44.180 -0.220 434 44.310 16.51 4.87 12,614.7 0.015 0.005 22 CYBERT 0.005 0.5
0.120 0.035 0.085 0.080 7243 BIOOSMO 0.085 0.005 358 0.080 67.6 0.838 0.705 0.710 0.710 7157 CYL 0.710 0.005 6 0.710 56.35 5.63 71.0
0.740 0.540 0.595 0.590 9288 BONIA 0.590 -0.005 285.2 0.591 16.95 2.12 475.7 0.405 0.280 0.320 0.320 5082 CYMAO 0.320 UNCH 1 0.320 24.0
3.110 1.514 2.970 2.930 7174 CAB 2.930 -0.030 465.2 2.950 12.41 0.34 570.5 2.380 1.692 2.290 2.180 8125 DAIBOCI 2.200 -0.090 61.5 2.196 30.22 2.00 721.4
0.549 0.465 0.470 0.470 7154 CAELY 0.470 UNCH 7 0.470 6.91 2.13 37.6 1.510 0.315 1.230 1.230 8176 DENKO 1.230 -0.010 70.5 1.230 128.5
0.340 0.260 7128 CAMRES 0.285 28.79 3.51 56.1 0.330 0.220 0.285 0.285 7114 DNONCE 0.285 UNCH 81.6 0.285 51.9
15.200 13.107 15.060 15.000 2836 CARLSBG 15.040 0.040 19.3 15.025 21.96 4.79 4,633.5 0.435 0.270 0.285 0.280 5835 DOLMITE 0.285 0.010 32.9 0.281 129.5 77.7
1.028 0.519 0.950 0.920 7035 CCK 0.920 -0.010 2045.4 0.934 12.23 2.17 290.1 0.430 0.250 5835PA DOLMITE-PA 0.270 3.3
2.388 1.867 2.160 2.100 7148 CCMDBIO 2.160 0.010 125.2 2.125 21.09 3.01 602.6 0.565 0.155 0.265 0.230 5265 DOLPHIN 0.255 0.015 8409 0.254 56.6
2.700 2.250 2.400 2.380 2828 CIHLDG 2.380 UNCH 2.7 2.391 15.83 2.10 385.6 1.310 1.046 1.260 1.240 7169 DOMINAN 1.260 0.010 79.5 1.246 9.06 3.97 208.0
0.050 0.020 5188 CNOUHUA 0.030 20.0 1.860 0.887 1.700 1.680 1619 DRBHCOM 1.680 -0.010 3336.9 1.688 1.19 3,247.8
3.180 1.745 3.120 3.040 7205 COCOLND 3.100 0.050 368.6 3.083 15.78 5.00 709.3 1.606 0.540 1.430 1.380 7233 DUFU 1.400 0.010 1552.9 1.407 8.45 3.21 245.7
1.960 1.415 1.840 1.830 7202 CSCENIC 1.840 0.010 18.4 1.834 17.34 5.98 221.7 0.985 0.795 0.830 0.820 8907 EG 0.830 0.010 291.7 0.822 7.75 175.6
0.095 0.055 0.060 0.055 5214 CSL 0.055 -0.005 514.6 0.058 6.96 68.4 1.100 0.860 0.950 0.950 9016 EKSONS 0.950 0.010 4 0.950 156.0
0.810 0.685 0.690 0.690 9423 CWG 0.690 UNCH 44 0.690 3.82 5.07 58.1 0.927 0.510 0.755 0.745 7217 EMETALL 0.745 -0.010 309.5 0.752 17.09 3.36 127.5
0.060 0.025 0.025 0.025 7179 DBE 0.025 -0.005 20 0.025 83.33 34.5 0.885 0.500 7773 EPMB 0.620 1.61 102.9
1.000 0.740 7119 DEGEM 0.940 11.26 2.66 126.0 0.443 0.367 0.405 0.400 190 ESAFE 0.400 -0.005 422.2 0.400 12.27 96.2
62.795 52.364 59.280 58.600 3026 DLADY 58.600 -0.400 31 58.960 25.49 1.71 3,750.4 1.140 0.735 0.920 0.895 5101 EVERGRN 0.900 0.005 11950.1 0.908 12.10 2.22 761.8
0.115 0.070 0.090 0.085 7198 DPS 0.090 0.005 210 0.086 900.00 52.9 0.917 0.580 0.625 0.615 7249 EWEIN 0.620 -0.005 78.7 0.619 14.00 0.81 187.0
0.105 0.020 0.080 0.075 7182 EKA 0.075 UNCH 799.1 0.077 23.4 1.380 1.011 1.320 1.300 2984 FACBIND 1.320 UNCH 35.4 1.313 11.76 1.89 112.4
0.360 0.140 0.240 0.240 9091 EMICO 0.240 UNCH 160.5 0.240 15.09 23.0 3.020 2.270 2.940 2.900 7229 FAVCO 2.940 0.010 49.1 2.916 8.54 5.10 650.9
2.006 1.372 7149 ENGKAH 1.490 43.44 4.03 105.4 0.800 0.491 0.665 0.630 149 FIBON 0.635 -0.090 4390.3 0.645 9.69 1.97 62.2
0.270 0.195 0.215 0.200 7208 EURO 0.210 0.005 271.3 0.207 27.27 51.0 2.390 2.020 2.390 2.340 3107 FIMACOR 2.390 0.090 263.9 2.365 15.29 5.23 586.2
0.820 0.630 0.735 0.735 7094 EUROSP 0.735 UNCH 15 0.735 32.6 1.820 1.368 1.740 1.720 5197 FLBHD 1.730 UNCH 331.3 1.726 8.07 8.67 178.5
26.000 21.887 25.000 24.700 3689 F&N 24.900 0.100 436.4 24.943 24.16 2.31 9,132.8 1.420 1.330 3611 GBH 1.340 154.0 250.0
1.205 0.815 1.000 1.000 2755 FCW 1.000 UNCH 8 1.000 82.64 1.50 250.0 2.470 1.450 2.300 2.190 7197 GESHEN 2.200 -0.030 556.8 2.239 10.35 176.0
0.875 0.620 0.680 0.660 8605 FFHB 0.660 -0.015 103.3 0.662 11.09 1.52 71.9 0.085 0.040 0.065 0.060 5220 GLOTEC 0.065 UNCH 8287 0.061 349.8
1.180 0.655 1.180 1.110 9172 FPI 1.180 0.060 1615.4 1.153 13.47 5.08 291.9 0.735 0.220 0.250 0.245 7192 GOODWAY 0.245 0.005 53.5 0.245 27.1
2.070 0.760 7184 G3 1.790 246.1 0.135 0.085 0.105 0.095 7096 GPA 0.105 0.010 1160.5 0.103 12.80 103.0
1.570 0.858 1.570 1.480 5102 GCB 1.560 0.080 2560.8 1.528 21.55 0.96 749.0 0.425 0.255 0.310 0.305 5649 GPHAROS 0.310 0.005 35 0.309 41.7
2.999 2.334 2.800 2.790 5606 GOLDIS 2.790 -0.030 10 2.795 8.19 0.72 1,705.8 0.245 0.196 0.210 0.210 136 GREENYB 0.210 -0.005 50 0.210 40.38 2.86 70.1
0.110 0.030 0.050 0.050 5187 HBGLOB 0.050 UNCH 60.3 0.050 23.4 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 196.6 0.105 55.4
19.100 15.038 18.060 17.940 3255 HEIM 18.020 0.060 48 17.998 20.00 6.38 5,443.8 1.050 0.749 0.950 0.940 3247 GUH 0.950 0.015 46.2 0.948 13.44 3.68 264.0
10.600 8.397 10.500 10.420 3301 HLIND 10.420 -0.040 45.4 10.468 11.60 3.36 3,416.8 1.180 0.235 0.880 0.875 5151 HALEX 0.875 -0.010 52.8 0.877 92.8
1.019 0.826 0.965 0.950 5160 HOMERIZ 0.960 0.015 489.6 0.958 10.61 2.08 288.0 7.400 3.996 7.200 7.140 5168 HARTA 7.150 -0.060 661.8 7.153 41.47 1.12 11,762.4
0.405 0.240 0.340 0.330 7213 HOVID 0.335 UNCH 1033.1 0.335 24.45 2.99 275.0 6.600 2.950 5.750 5.650 7105 HCK 5.680 -0.200 15 5.679 516.36 478.5
1.280 1.113 1.210 1.200 5024 HUPSENG 1.210 UNCH 59.2 1.206 20.44 3.31 968.0 7.020 1.990 7.020 6.370 4324 HENGYUAN 6.900 0.540 7832.1 6.764 4.03 2,070.0
0.630 0.450 0.475 0.470 8478 HWATAI 0.475 -0.005 36 0.474 169.64 35.5 1.690 0.983 1.690 1.650 5095 HEVEA 1.680 0.010 6234.4 1.675 9.46 4.23 908.3
4.520 1.865 4.520 4.320 5107 IQGROUP 4.500 0.120 94.1 4.437 13.94 2.44 396.1 1.200 0.811 1.010 0.995 3298 HEXZA 1.000 -0.010 181.8 1.001 7.27 4.50 200.4
1.500 0.919 1.440 1.420 7152 JAYCORP 1.430 -0.020 292.5 1.429 8.72 3.50 196.3 0.410 0.240 0.400 0.390 5072 HIAPTEK 0.400 UNCH 5309 0.395 13.47 0.75 523.9
0.740 0.505 0.585 0.570 8931 JERASIA 0.580 UNCH 47.4 0.580 8.24 47.6 0.560 0.180 0.415 0.405 5199 HIBISCS 0.405 -0.005 5091.1 0.407 4.63 584.8
2.618 1.510 1.640 1.620 5247 KAREX 1.620 UNCH 407.2 1.629 43.67 1.23 1,623.8 1.276 0.840 7033 HIGHTEC 1.100 7.45 3.18 44.7
5.070 3.153 4.840 4.800 7216 KAWAN 4.800 -0.020 149 4.828 34.88 0.52 1,294.3 1.226 0.687 1.050 1.040 8443 HIL 1.040 -0.010 46 1.042 17.66 1.44 289.9
0.260 0.040 0.150 0.150 8303 KFM 0.150 0.005 7 0.150 10.2 0.405 0.270 5165 HOKHENG 0.350 35.35 28.0
0.920 0.716 0.770 0.755 6203 KHEESAN 0.770 -0.010 54 0.759 16.49 1.30 80.1 0.055 0.020 0.030 0.030 2739 HUAAN 0.030 -0.005 20 0.030 33.7
2.700 1.884 7062 KHIND 2.280 11.31 4.39 91.3 3.385 2.130 2.300 2.260 5000 HUMEIND 2.280 0.010 133 2.283 42.78 0.88 1,092.3
2.210 0.995 2.080 1.990 2 KOTRA 2.080 0.110 15 2.038 20.68 0.96 277.5 0.075 0.045 0.050 0.050 9601 HWGB 0.050 UNCH 300 0.050 49.9
0.140 0.050 0.075 0.075 5172 KSTAR 0.075 UNCH 25.8 0.075 22.0 0.890 0.720 0.755 0.720 9687 IDEALUBB 0.755 0.010 23.2 0.737 5.52 83.4
6.000 4.509 5.350 5.340 7006 LATITUD 5.350 -0.050 14 5.350 6.99 2.24 520.1 2.070 1.690 1.890 1.890 7222 IMASPRO 1.890 -0.010 5 1.890 19.03 1.85 151.2
0.950 0.785 0.930 0.910 9385 LAYHONG 0.925 -0.005 570.2 0.923 30.83 0.54 563.1 0.300 0.165 0.190 0.175 7183 IRETEX 0.180 0.005 1501.8 0.186 24.9
0.377 0.261 0.325 0.320 8079 LEESK 0.320 -0.010 106 0.321 11.35 3.13 53.7 0.085 0.055 7223 JADI 0.055 51.8
3.332 2.711 3.220 3.190 7089 LIIHEN 3.220 0.020 467.8 3.201 7.80 4.97 579.6 0.175 0.137 0.145 0.145 8648 JASKITA 0.145 -0.005 55 0.145 6.90 65.2
0.820 0.710 0.750 0.740 7126 LONBISC 0.745 UNCH 365.7 0.744 9.61 139.0 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.650 1.620 7085 LTKM 1.650 0.010 5.9 1.635 17.86 1.82 214.7 1.120 0.892 7043 JMR 1.090 167.6 138.2
7.920 3.722 7.660 7.400 7087 MAGNI 7.570 0.180 417.6 7.547 10.26 1.85 1,231.9 1.729 0.825 1.540 1.500 7167 JOHOTIN 1.500 -0.030 249.2 1.515 7.44 1.75 417.0
0.045 0.010 5189 MAXWELL 0.020 8.0 1.460 1.064 1.140 1.130 4383 JTIASA 1.140 UNCH 468.5 1.131 14.56 1.14 1,110.0
1.266 0.974 5886 MBG 1.060 24.71 2.83 64.4 0.310 0.160 0.295 0.270 54 KARYON 0.290 0.020 14635.8 0.286 27.36 138.0
2.500 1.285 2.400 2.380 3662 MFLOUR 2.400 -0.010 22.3 2.386 14.99 2.71 1,320.7 0.873 0.680 0.765 0.765 7199 KEINHIN 0.765 UNCH 1 0.765 10.74 1.96 75.7
0.990 0.800 0.865 0.845 7935 MILUX 0.845 -0.015 28.9 0.855 46.0 0.525 0.340 6211 KIALIM 0.360 22.3
5.005 4.000 4.050 4.020 5202 MSM 4.050 0.050 56.5 4.049 106.30 3.46 2,847.1 3.009 2.733 2.930 2.930 3522 KIANJOO 2.930 UNCH 17 2.930 9.63 1.37 1,301.4
0.035 0.030 5150 MSPORTS 0.035 21.2 2.363 1.511 2.040 1.970 5371 KIMHIN 1.980 UNCH 51.4 1.977 8.57 3.03 308.1
1.826 1.184 1.490 1.470 3921 MWE 1.470 -0.020 16 1.476 2.58 1.36 340.4 0.085 0.025 0.040 0.040 5060 KINSTEL 0.040 UNCH 960 0.040 42.0
85.200 72.962 84.480 83.900 4707 NESTLE 83.920 -0.240 123.1 83.944 30.42 3.22 19,679.2 1.670 1.090 9466 KKB 1.180 3.39 304.2
4.880 2.711 4.080 3.900 7060 NHFATT 3.940 -0.400 402.7 3.957 9.29 2.79 296.1 0.455 0.235 0.245 0.240 7164 KNM 0.245 UNCH 3301.6 0.241 528.3
0.130 0.070 0.095 0.085 7139 NICE 0.095 0.010 3306.2 0.090 27.14 31.6 1.129 0.751 0.920 0.915 6971 KOBAY 0.920 -0.080 22.3 0.920 14.84 93.9
0.315 0.240 0.245 0.245 7215 NIHSIN 0.245 UNCH 50 0.245 58.4 0.367 0.240 0.265 0.255 7017 KOMARK 0.260 0.010 572.3 0.259 32.4
0.905 0.775 0.795 0.795 5066 NTPM 0.795 UNCH 43 0.795 18.07 3.02 892.9 7.150 5.565 7.100 7.070 7153 KOSSAN 7.100 0.050 885.6 7.082 27.96 1.55 4,540.2
0.690 0.345 0.585 0.560 7071 OCR 0.570 -0.010 750.4 0.579 146.6 1.110 0.345 0.985 0.985 7130 KPOWER 0.985 UNCH 38.3 0.985 55.5
0.250 0.040 0.130 0.125 7071PA OCR-PA 0.125 -0.005 4153 0.125 80.6 5.118 4.606 4.980 4.920 3476 KSENG 4.980 0.050 85.9 4.944 12.78 2.01 1,800.2
2.389 1.353 1.680 1.630 7107 OFI 1.630 -0.080 12 1.642 21.45 2.45 391.2 0.580 0.346 0.510 0.510 5192 KSSC 0.510 UNCH 20 0.510 9.24 2.94 49.0
7.300 6.315 6.630 6.570 4006 ORIENT 6.620 -0.010 336.2 6.601 14.85 3.02 4,107.0 0.775 0.295 0.690 0.665 8362 KYM 0.675 0.010 1570.3 0.680 25.86 101.2
3.890 2.222 3.700 3.630 7052 PADINI 3.640 -0.040 441.3 3.658 15.42 2.75 2,394.8 8.400 5.060 5.760 5.720 3794 LAFMSIA 5.750 -0.010 103.9 5.749 727.85 3.48 4,885.7
38.422 30.120 37.500 37.000 3719 PANAMY 37.080 -0.020 18.8 37.063 17.74 3.75 2,252.5 0.940 0.549 0.795 0.775 9326 LBALUM 0.780 -0.010 709.1 0.787 10.79 2.56 193.8
0.774 0.510 5022 PAOS 0.570 35.40 2.86 103.3 0.614 0.448 0.515 0.515 5092 LCTH 0.515 -0.005 142 0.515 13.07 4.85 185.4
0.650 0.300 0.480 0.430 9407 PARAGON 0.480 0.030 6 0.451 21.33 33.6 6.530 6.070 6.150 6.110 5284 LCTITAN 6.130 -0.030 1109 6.128 8.05 14,146.8
0.660 0.310 0.515 0.460 6068 PCCS 0.460 -0.040 45 0.478 27.6 0.844 0.422 0.730 0.720 5232 LEONFB 0.725 0.005 502.9 0.724 6.27 2.07 224.8
1.060 0.700 0.860 0.855 5231 PELIKAN 0.855 -0.005 20 0.859 174.49 473.1 0.440 0.100 0.290 0.285 8745 LEWEKO 0.285 0.005 360.7 0.288 91.7
0.235 0.145 0.190 0.190 4081 PMCORP 0.190 UNCH 429.5 0.190 10.56 146.9 0.080 0.020 0.040 0.040 2887 LIONDIV 0.040 -0.005 8.2 0.040 55.7
0.515 0.441 0.495 0.485 5080 POHKONG 0.490 -0.010 177 0.491 11.14 2.04 201.1 1.280 0.275 1.180 1.120 4235 LIONIND 1.150 -0.030 2127.2 1.149 825.6
1.998 1.422 1.940 1.910 7088 POHUAT 1.930 0.020 161.8 1.922 7.19 4.15 438.0 0.665 0.285 0.615 0.595 9881 LSTEEL 0.595 -0.015 632.9 0.601 8.60 76.2
17.300 15.159 16.860 16.680 4065 PPB 16.840 0.040 157.1 16.824 17.25 1.48 19,963.8 0.160 0.050 0.120 0.115 5068 LUSTER 0.120 UNCH 2945 0.120 237.1
0.720 0.494 7190 PPG 0.625 12.02 2.21 62.5 3.875 3.336 3.690 3.690 9199 LYSAGHT 3.690 -0.010 19 3.690 9.78 1.90 153.4
1.659 1.240 1.290 1.270 8966 PRLEXUS 1.290 0.020 125.2 1.274 9.06 2.33 232.2 1.280 0.510 1.080 1.030 5098 MASTEEL 1.040 -0.030 1285.2 1.052 8.25 254.5
1.170 0.636 1.050 1.040 7134 PWF 1.050 0.010 159.1 1.043 17.65 2.59 175.8 0.855 0.475 0.675 0.670 7029 MASTER 0.670 -0.005 68.1 0.671 11.71 1.49 36.6
2.705 1.840 2.300 2.240 7237 PWROOT 2.240 -0.060 294.5 2.259 15.77 5.13 738.9 1.170 0.906 1.080 1.050 5152 MBL 1.080 0.020 368.6 1.076 7.83 3.70 99.4
5.000 4.143 4.900 4.890 7084 QL 4.900 UNCH 98.3 4.895 31.21 0.87 6,115.3 0.870 0.618 7004 MCEHLDG 0.800 21.00 1.88 35.5
2.360 1.457 2.350 2.340 9946 REX 2.350 0.010 113.9 2.347 104.91 0.85 144.9 0.660 0.290 0.310 0.295 3778 MELEWAR 0.310 0.005 157.9 0.300 69.9
1.890 1.060 1.490 1.480 183 SALUTE 1.480 -0.020 18 1.483 22.70 1.62 574.2 0.789 0.478 0.695 0.660 5223 MENTIGA 0.665 0.005 51 0.664 9.42 1.50 46.6
1.609 1.000 1.390 1.350 5252 SASBADI 1.350 -0.030 570.1 1.365 21.29 1.67 377.2 1.426 1.062 1.270 1.270 8192 MERCURY 1.270 -0.030 2 1.270 13.44 9.45 51.0
0.390 0.275 0.380 0.370 5157 SAUDEE 0.370 -0.010 194.9 0.373 411.11 44.4 1.837 1.596 6149 METROD 1.710 17.57 3.51 205.2
1.430 1.000 1.260 1.260 7180 SERNKOU 1.260 -0.010 18.8 1.260 151.2 1.068 0.333 0.945 0.920 5001 MIECO 0.925 -0.020 3612.1 0.928 8.52 4.32 485.6
0.845 0.580 0.670 0.660 7165 SGB 0.670 -0.030 12 0.667 114.6 0.150 0.075 0.140 0.135 7219 MINETEC 0.135 -0.005 726 0.136 98.8
0.270 0.060 0.245 0.240 7165PA SGB-PA 0.245 UNCH 170 0.244 109.6 0.740 0.515 0.560 0.550 5576 MINHO 0.560 UNCH 12.4 0.552 9.64 123.0
2.065 1.480 1.510 1.500 7412 SHH 1.500 UNCH 43 1.502 14.20 6.67 75.0 4.403 2.677 4.210 4.110 5916 MSC 4.120 -0.080 61.4 4.150 15.37 1.94 412.0
1.070 0.800 0.900 0.890 7246 SIGN 0.895 -0.005 139 0.896 4.97 5.59 215.1 2.060 1.373 1.510 1.500 3883 MUDA 1.500 UNCH 68.4 1.505 17.69 2.00 457.6
0.915 0.194 0.700 0.685 8532 SINOTOP 0.700 0.010 89 0.691 51.85 276.4 1.200 0.435 0.805 0.785 5087 MYCRON 0.790 -0.015 465 0.791 6.16 224.0
0.865 0.625 0.670 0.630 9776 SMCAP 0.670 0.010 19.4 0.638 35.08 40.9 0.240 0.035 7002 NAKA 0.180 10.0
0.385 0.200 7943 SNC 0.335 44.67 22.1 0.385 0.185 0.195 0.185 5025 NWP 0.195 0.005 374.1 0.188 70.4
2.548 2.155 2.380 2.380 7103 SPRITZER 2.380 UNCH 10 2.380 17.28 2.43 434.6 1.190 0.492 1.120 1.030 4944 NYLEX 1.040 -0.030 4410.4 1.069 9.94 1.92 202.1
1.500 1.020 1.140 1.130 7186 SWSCAP 1.130 UNCH 102.5 1.131 70.19 0.88 164.8 1.940 1.125 1.880 1.860 7140 OKA 1.870 0.020 164.1 1.867 10.95 2.94 305.3
0.669 0.492 0.525 0.515 7082 SYF 0.520 -0.005 1037.1 0.521 8.33 1.92 322.0 1.340 0.865 1.260 1.250 5065 ORNA 1.260 UNCH 244.9 1.260 10.14 2.38 94.8
0.505 0.280 0.415 0.405 7211 TAFI 0.415 0.015 62.1 0.411 33.2 0.085 0.055 0.065 0.065 7225 PA 0.065 0.005 120 0.065 61.5
1.979 1.651 1.760 1.720 4405 TCHONG 1.740 -0.010 8.7 1.736 1.15 1,169.3 7.800 6.338 6.970 6.920 5183 PCHEM 6.950 -0.010 4321.7 6.952 15.33 2.73 55,600.0
1.402 0.505 0.585 0.545 7200 TEKSENG 0.560 UNCH 3789 0.571 10.39 3.57 195.0 2.020 1.454 1.700 1.690 5271 PECCA 1.690 -0.010 3 1.693 21.28 2.37 317.7
1.250 0.865 0.905 0.905 7252 TEOSENG 0.905 -0.015 10 0.905 17.78 1.66 271.5 0.801 0.605 0.660 0.655 9997 PENSONI 0.660 UNCH 200.4 0.655 11.28 4.55 85.6
1.510 1.230 9369 TGL 1.400 18.72 5.36 57.0 8.150 5.738 8.100 7.930 5436 PERSTIM 8.060 0.130 36.9 8.036 14.51 4.96 800.4
0.620 0.400 7230 TOMEI 0.590 14.57 81.8 21.925 17.949 18.980 18.880 6033 PETGAS 18.960 UNCH 293.9 18.949 21.38 3.32 37,516.8
0.560 0.390 0.420 0.410 7176 TPC 0.420 0.010 34.7 0.410 45.16 98.2 8.870 3.416 8.870 8.500 3042 PETRONM 8.850 0.350 647.1 8.705 7.25 2.49 2,389.5
6.461 4.089 5.890 5.780 4588 UMW 5.820 -0.080 155.5 5.823 3.44 6,799.5 2.476 1.595 2.320 2.320 7095 PIE 2.320 UNCH 688.2 2.320 19.55 1.03 891.0
2.480 1.934 2.480 2.450 7757 UPA 2.480 0.050 30 2.472 5.93 3.23 197.4 2.580 1.277 2.220 2.160 7172 PMBTECH 2.190 UNCH 20 2.175 15.89 1.83 175.2
1.668 0.677 1.480 1.450 7203 WANGZNG 1.480 0.020 91 1.463 12.88 2.70 236.8 2.977 2.530 2.800 2.740 8869 PMETAL 2.770 0.040 6525.6 2.774 18.95 1.83 10,342.3
0.325 0.080 0.245 0.230 5156 XDL 0.240 UNCH 1362.2 0.236 26.97 161.7 0.575 0.450 0.515 0.510 6637 PNEPCB 0.510 UNCH 22 0.512 13.46 67.1
0.615 0.360 0.575 0.560 7121 XIANLNG 0.565 -0.010 423.3 0.568 41.1 0.995 0.270 0.635 0.615 8117 POLY 0.620 -0.030 154.2 0.628 2.89 99.2
0.185 0.020 5155 XINQUAN 0.055 26.7 1.670 0.920 1.580 1.540 8273 PPHB 1.550 -0.030 280 1.551 9.54 170.3
2.822 2.175 2.440 2.390 5584 YEELEE 2.430 0.040 89.9 2.425 11.63 1.85 465.0 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
1.500 1.034 1.490 1.450 5159 YOCB 1.490 0.020 134 1.461 10.25 2.68 238.4 1.370 0.501 1.300 1.260 9873 PRESTAR 1.290 UNCH 363.3 1.279 7.58 2.33 261.4
3.070 1.744 2.980 2.950 7178 YSPSAH 2.950 0.020 275.4 2.960 12.62 2.37 402.8 1.110 0.635 1.050 1.020 7168 PRG 1.040 UNCH 1189.9 1.031 86.67 0.48 311.0
1.957 1.160 1.670 1.640 5131 ZHULIAN 1.670 0.010 46 1.654 14.41 3.59 768.2 0.330 0.085 0.250 0.245 7123 PWORTH 0.245 -0.005 9433.9 0.245 94.23 228.0
INDUSTRIAL PRODUCTS 1.380 1.080 7544 QUALITY 1.140 66.1
1.420 0.922 1.350 1.320 12 3A 1.340 0.020 787.4 1.332 15.49 1.07 659.3 0.800 0.510 7498 RALCO 0.700 29.4
0.210 0.085 0.150 0.135 7086 ABLEGRP 0.145 0.010 4721.8 0.143 38.3 5.860 5.320 5.650 5.520 7765 RAPID 5.620 -0.080 116.2 5.574 769.8 600.8
0.400 0.200 0.355 0.355 7131 ACME 0.355 UNCH 10.9 0.355 77.6 0.745 0.400 0.425 0.420 5256 REACH 0.425 0.005 1022.1 0.423 18.81 466.0
0.900 0.630 0.690 0.685 7191 ADVENTA 0.685 -0.005 8 0.686 3425.0 104.7 0.655 0.390 0.565 0.555 7232 RESINTC 0.555 -0.005 510.2 0.560 8.42 2.16 76.1
2.694 2.045 2.200 2.200 9148 ADVPKG 2.200 UNCH 25 2.200 18.29 5.45 45.1 1.190 0.595 1.180 1.130 9741 ROHAS 1.160 0.020 1959.2 1.158 463.8
0.220 0.135 0.185 0.180 7146 AEM 0.180 -0.005 942.1 0.181 53.9 0.834 0.706 0.770 0.760 7803 RUBEREX 0.760 -0.010 279.8 0.765 8.46 1.64 191.7
0.500 0.365 5198 AFUJIYA 0.420 23.33 75.6 5.250 3.604 4.900 4.800 5134 SAB 4.850 0.050 22.4 4.846 13.65 1.03 664.1
0.635 0.405 0.480 0.460 2682 AISB 0.480 0.020 30.2 0.460 14.29 69.3 8.490 4.773 8.340 8.200 9822 SAM 8.200 -0.140 83.7 8.266 22.51 1.25 1,032.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.010 0.853 1.010 0.990 7811 SAPIND 1.010 0.010 2 1.000 11.94 5.94 73.5 2.087 1.074 1.780 1.780 5208 EITA 1.780 UNCH 2 1.780 8.54 2.25 231.4
1.325 0.984 1.100 1.090 5170 SCABLE 1.100 UNCH 30.1 1.095 17.97 2.73 348.8 1.508 1.102 1.300 1.280 5056 ENGTEX 1.280 -0.020 542.9 1.287 6.31 0.78 461.4
3.450 2.049 3.380 3.190 7247 SCGM 3.200 -0.130 142.8 3.223 18.64 1.88 619.5 0.624 0.370 0.540 0.525 6939 FIAMMA 0.530 -0.020 144.8 0.532 10.79 2.83 280.9
0.740 0.520 9237 SCIB 0.600 33.15 48.5 0.440 0.380 0.405 0.400 9318 FITTERS 0.405 UNCH 431.7 0.400 1.48 194.6
8.928 5.880 8.690 8.500 4731 SCIENTX 8.630 0.050 215.2 8.588 18.91 1.85 4,173.1 1.468 1.084 7210 FREIGHT 1.260 10.84 3.97 234.5
0.345 0.250 7239 SCNWOLF 0.300 26.3 0.395 0.135 0.385 0.375 128 FRONTKN 0.375 -0.010 13296.7 0.379 14.88 395.0
0.525 0.135 0.250 0.215 7366 SCOMIEN 0.250 UNCH 108 0.249 85.5 0.290 0.150 9377 FSBM 0.220 31.1
1.660 0.660 1.470 1.390 7073 SEACERA 1.460 0.060 6473.8 1.445 77.66 2.05 359.2 3.096 2.244 2.900 2.880 5209 GASMSIA 2.890 UNCH 1550.4 2.900 22.15 4.45 3,710.8
0.230 0.140 0.160 0.155 5145 SEALINK 0.160 UNCH 45.8 0.158 80.0 0.820 0.615 0.695 0.685 78 GDEX 0.690 UNCH 1743.8 0.691 98.57 0.36 3,847.6
0.765 0.250 5163 SEB 0.640 51.2 6.302 4.138 6.110 5.960 4715 GENM 5.990 -0.120 4282.8 6.013 11.14 1.54 35,568.9
1.060 0.388 0.970 0.935 5181 SIGGAS 0.955 -0.005 1897.7 0.955 39.63 1.26 179.1 10.000 7.449 9.710 9.610 3182 GENTING 9.640 -0.080 2783.1 9.638 13.70 0.62 36,784.6
1.040 0.550 7115 SKBSHUT 0.820 12.22 32.8 4.420 1.546 4.420 4.230 3204 GKENT 4.420 0.200 2467.5 4.342 15.85 2.26 1,659.8
1.440 1.121 1.330 1.320 7155 SKPRES 1.330 UNCH 1582.1 1.329 14.93 2.63 1,662.8 0.555 0.300 0.455 0.455 7676 GUNUNG 0.455 0.005 5 0.455 107.5
2.923 1.949 2.400 2.370 7248 SLP 2.400 -0.010 18.6 2.373 23.35 1.88 633.9 4.390 1.834 4.300 4.260 7668 HAIO 4.290 -0.010 91.7 4.284 23.40 2.49 1,281.2
0.700 0.585 7132 SMISCOR 0.630 3.97 28.2 0.335 0.200 7253 HANDAL 0.230 36.8
1.780 0.884 1.690 1.660 5665 SSTEEL 1.660 -0.030 249.3 1.668 1.81 712.2 9.350 7.192 9.150 9.010 3034 HAPSENG 9.010 -0.140 156 9.050 21.13 3.88 22,432.0
0.330 0.065 0.270 0.250 7143 STONE 0.270 0.005 174.9 0.258 24.3 1.063 0.685 0.695 0.690 2062 HARBOUR 0.690 -0.005 115 0.690 8.30 2.90 276.3
1.550 1.340 1.360 1.360 6904 SUBUR 1.360 UNCH 1 1.360 284.2 4.077 2.778 3.850 3.850 5008 HARISON 3.850 -0.060 1 3.850 12.46 6.49 263.7
4.320 1.535 3.650 3.640 7207 SUCCESS 3.650 UNCH 30.4 3.650 11.26 1.37 447.8 0.150 0.050 0.060 0.055 7013 HUBLINE 0.060 UNCH 29603.2 0.060 66.3
2.620 1.764 2.620 2.480 7235 SUPERLN 2.600 0.150 1387.4 2.554 17.40 1.06 416.0 0.480 0.220 0.230 0.230 5255 ICON 0.230 UNCH 26 0.230 270.8
2.324 1.852 1.960 1.920 7106 SUPERMX 1.920 -0.040 454 1.930 21.89 1.30 1,305.9 6.696 5.512 5.990 5.950 5225 IHH 5.950 UNCH 1241 5.962 57.82 0.50 49,022.3
4.210 3.317 3.600 3.470 5012 TAANN 3.480 -0.060 49 3.544 10.15 3.47 1,548.1 0.920 0.710 5614 ILB 0.765 58.85 3.27 149.2
0.545 0.350 0.410 0.395 4022 TADMAX 0.395 -0.015 2689.5 0.400 212.8 1.000 0.730 0.770 0.770 5673 IPMUDA 0.770 UNCH 10 0.770 3.90 55.8
0.415 0.235 0.285 0.285 5149 TAS 0.285 -0.005 62 0.285 51.3 2.166 1.325 1.780 1.780 58 JCBNEXT 1.780 UNCH 0.4 1.780 27.99 1.12 249.2
14.658 12.135 12.880 12.820 4448 TASEK 12.840 -0.160 18.6 12.854 106.03 9.35 1,587.3 0.310 0.230 0.270 0.265 8923 JIANKUN 0.270 UNCH 60 0.269 45.0
0.290 0.090 0.215 0.205 5178 TATGIAP 0.205 -0.020 612 0.210 31.8 0.390 0.295 0.355 0.355 8672 KAMDAR 0.355 -0.015 20 0.355 70.3
1.220 0.290 1.150 1.130 7097 TAWIN 1.150 -0.010 976.2 1.149 15.25 73.9 0.330 0.180 0.210 0.205 5079 KBES 0.210 -0.010 8.8 0.207 26.5
2.920 1.020 1.760 1.680 7439 TECGUAN 1.680 -0.080 12 1.747 9.62 67.4 1.960 1.690 1.890 1.870 6491 KFIMA 1.890 0.040 135.2 1.879 17.57 4.76 533.4
0.700 0.305 6378 TEKALA 0.640 97.9 0.739 0.236 0.665 0.650 151 KGB 0.655 -0.010 1180.7 0.657 13.67 1.53 150.5
4.803 3.817 4.240 4.160 7034 TGUAN 4.200 -0.030 80.6 4.189 8.29 2.86 556.4 1.680 1.020 5035 KNUSFOR 1.150 1.74 114.6
2.166 1.470 1.720 1.690 7374 TIENWAH 1.720 0.010 80.7 1.717 4.34 6.98 249.0 4.290 3.803 4.190 4.160 5878 KPJ 4.160 -0.040 782.7 4.174 30.01 1.68 4,443.4
0.800 0.560 7854 TIMWELL 0.650 57.9 1.678 0.993 1.320 1.310 5843 KPS 1.320 0.010 166.5 1.315 1100 4.73 658.7
1.080 0.595 1.060 1.040 7285 TOMYPAK 1.050 0.010 393.8 1.049 17.50 3.05 440.0 0.590 0.485 0.550 0.540 9121 KPSCB 0.550 0.010 251.4 0.549 11.22 81.3
3.760 1.712 3.600 3.530 5010 TONGHER 3.600 0.030 108.5 3.573 10.72 8.33 566.7 0.225 0.115 0.150 0.150 4847 KTB 0.150 -0.005 95.9 0.150 60.4
5.878 4.087 5.760 5.700 7113 TOPGLOV 5.750 -0.010 763 5.745 24.07 2.52 7,222.8 0.628 0.299 0.515 0.505 6874 KUB 0.510 UNCH 563.1 0.508 11.38 1.96 283.8
0.850 0.495 7173 TOYOINK 0.700 74.9 0.380 0.240 0.270 0.260 7170 LFECORP 0.260 -0.015 620 0.262 27.66 47.2
0.230 0.145 0.205 0.200 4359 TURIYA 0.200 -0.010 53 0.201 45.7 0.650 0.420 0.530 0.510 8486 LIONFIB 0.530 0.005 10 0.512 122.7
1.890 1.481 1.890 1.870 7100 UCHITEC 1.880 -0.010 1044.6 1.881 13.94 6.91 836.8 2.260 1.367 2.110 2.090 5143 LUXCHEM 2.090 0.010 537.6 2.098 12.55 3.35 585.5
6.360 3.310 4.200 4.080 7133 ULICORP 4.080 -0.160 149.2 4.102 21.22 2.94 592.4 2.421 1.670 1.720 1.710 3859 MAGNUM 1.720 0.010 353.3 1.715 16.17 7.56 2,472.9
1.425 1.150 1.250 1.250 7227 UMSNGB 1.250 -0.030 20 1.250 9.05 2.40 100.0 1.700 1.010 1.050 1.030 5264 MALAKOF 1.030 -0.010 949.7 1.036 13.90 6.80 5,150.0
1.680 0.870 0.960 0.870 4995 VERSATL 0.945 0.040 2293.9 0.922 1575 110.9 0.179 0.141 0.150 0.145 3514 MARCO 0.150 UNCH 275.2 0.149 9.04 3.33 158.1
2.210 1.267 2.200 2.160 6963 VS 2.200 0.030 3953.9 2.183 19.86 2.20 2,648.4 6.549 5.415 5.630 5.590 6012 MAXIS 5.620 0.030 7848.4 5.618 20.28 3.56 43,895.1
1.010 0.746 0.960 0.940 5142 WASEONG 0.945 -0.015 153.1 0.944 0.53 732.3 0.955 0.680 0.715 0.700 5077 MAYBULK 0.710 0.005 134.9 0.705 710.0
0.485 0.345 0.430 0.420 7226 WATTA 0.420 -0.015 13.7 0.427 35.5 2.636 2.054 2.240 2.240 5983 MBMR 2.240 0.030 0.4 2.240 13.05 2.68 875.6
2.170 1.471 2.150 2.100 7111 WEIDA 2.100 -0.060 275.5 2.115 14.70 1.43 280.0 1.378 0.865 0.900 0.895 4502 MEDIA 0.900 UNCH 656.8 0.896 8.89 998.3
2.349 1.741 2.300 2.200 7231 WELLCAL 2.260 0.050 165.1 2.261 22.09 4.07 750.2 0.729 0.495 0.540 0.530 5090 MEDIAC 0.540 0.010 485 0.535 13.60 5.69 911.1
0.845 0.585 0.760 0.760 7050 WONG 0.760 UNCH 98.9 0.760 138.1 69.7 1.070 0.550 7234 MESB 0.890 37.4
0.700 0.445 7025 WOODLAN 0.550 14.55 22.0 4.000 1.788 3.900 3.850 3069 MFCB 3.860 UNCH 139 3.857 10.10 1.30 1,551.9
2.084 1.836 1.990 1.990 5009 WTHORSE 1.990 0.020 2 1.990 31.19 5.03 477.6 1.160 0.725 0.730 0.725 5186 MHB 0.730 UNCH 99 0.730 1,168.0
1.145 0.870 0.880 0.875 4243 WTK 0.875 -0.005 106.9 0.876 86.63 2.29 421.2 7.827 6.785 7.400 7.360 3816 MISC 7.360 -0.020 391.5 7.364 12.23 3.67 32,853.5
1.380 0.953 1.120 1.100 7245 WZSATU 1.100 UNCH 119.5 1.110 12.59 1.82 383.8 2.606 1.996 2.390 2.360 2194 MMCCORP 2.380 -0.020 158.4 2.362 13.11 1.68 7,247.2
0.975 0.745 5048 YILAI 0.780 36.11 124.8 0.395 0.205 0.325 0.315 59 MMODE 0.325 0.005 530.5 0.320 1.85 52.9
0.400 0.180 0.215 0.210 7020 YKGI 0.210 -0.005 305 0.211 73.2 0.100 0.050 0.055 0.050 43 MTRONIC 0.055 0.005 110 0.050 52.2
0.700 0.380 0.525 0.510 7014 YLI 0.525 -0.005 135.1 0.514 10.31 0.95 54.0 0.280 0.115 0.175 0.170 3891 MUIIND 0.170 -0.005 1020.8 0.174 498.5
CONSTRUCTION 3.050 1.950 2.520 2.370 3905 MULPHA 2.380 -0.090 117.9 2.444 24.82 760.7
1.200 0.735 1.060 1.020 5281 ADVCON 1.040 0.010 3879.2 1.041 14.59 418.2 2.370 1.385 2.150 2.120 138 MYEG 2.140 0.030 10642.4 2.137 39.78 0.64 7,717.5
0.750 0.280 7007 ARK 0.475 23.1 0.910 0.305 0.840 0.820 9806 NATWIDE 0.830 0.015 659.3 0.826 99.8
1.200 0.600 1.130 1.100 7078 AZRB 1.130 0.020 349.2 1.106 18.80 1.77 600.6 0.140 0.075 0.080 0.080 4464 NICORP 0.080 -0.005 272 0.080 6.78 70.1
0.793 0.576 0.660 0.655 6173 BDB 0.660 UNCH 40.2 0.658 6.27 6.82 200.5 0.828 0.631 0.730 0.730 5533 OCB 0.730 UNCH 28.6 0.730 13.15 1.37 75.1
0.625 0.351 0.425 0.420 5190 BENALEC 0.420 -0.005 476.8 0.421 23.73 1.67 341.0 0.985 0.750 0.920 0.885 172 OCK 0.905 -0.005 1059 0.900 27.76 0.66 788.7
0.510 0.375 0.380 0.375 5932 BPURI 0.375 -0.005 462.4 0.377 107.14 100.2 3.460 1.614 2.840 2.760 5201 OLDTOWN 2.800 0.030 757.5 2.814 20.80 2.68 1,297.1
1.070 0.790 1.010 0.990 8761 BREM 1.010 0.010 327.4 0.996 73.72 348.9 0.210 0.070 0.130 0.125 3018 OLYMPIA 0.130 UNCH 258 0.125 27.08 133.0
1.180 0.840 1.110 1.080 8591 CRESBLD 1.100 UNCH 63.2 1.092 11.18 3.64 194.6 2.540 1.480 1.540 1.480 5260 OWG 1.510 -0.020 950.1 1.506 55.31 366.8
2.086 1.437 7528 DKLS 1.850 3.42 1.62 171.5 0.510 0.390 8419 PANSAR 0.420 24.00 2.38 117.6
2.760 1.397 2.740 2.720 5253 ECONBHD 2.730 0.010 333.9 2.727 18.62 1.65 1,460.6 0.670 0.435 0.670 0.650 5125 PANTECH 0.665 0.010 7291.5 0.661 13.83 2.59 493.7
1.520 0.985 1.140 1.110 8877 EKOVEST 1.110 -0.020 6499.9 1.118 10.43 1.08 2,374.5 0.885 0.550 0.555 0.550 5657 PARKSON 0.550 -0.005 584.1 0.554 601.6
1.010 0.482 0.960 0.950 7047 FAJAR 0.955 -0.005 1057.1 0.954 13.57 2.62 351.3 1.310 0.999 1.300 1.280 5041 PBA 1.300 0.010 126.6 1.288 6.44 3.08 430.7
1.370 0.885 1.290 1.270 9261 GADANG 1.270 UNCH 2298.8 1.278 8.71 2.20 834.9 0.135 0.045 0.045 0.045 6254 PDZ 0.045 -0.005 30 0.045 39.1
5.459 4.541 5.400 5.350 5398 GAMUDA 5.380 UNCH 4910.3 5.383 20.01 2.23 13,185.0 1.250 0.867 1.040 1.040 5133 PENERGY 1.040 UNCH 5 1.040 1.92 334.6
1.540 0.815 1.530 1.500 5226 GBGAQRS 1.510 0.010 1142.3 1.509 16.83 590.3 1.550 1.540 7108 PERDANA 1.540 1,198.8
0.920 0.710 0.775 0.770 5169 HOHUP 0.770 -0.010 175 0.772 4.62 288.7 0.240 0.040 0.050 0.045 47 PERISAI 0.050 0.005 21 0.048 63.0
1.846 1.520 1.540 1.520 6238 HSL 1.520 -0.020 68.2 1.530 16.24 1.58 885.7 0.290 0.115 0.230 0.225 7080 PERMAJU 0.225 -0.010 335.2 0.227 44.1
3.557 2.998 3.490 3.450 3336 IJM 3.480 UNCH 4173.7 3.476 19.17 2.16 12,622.6 1.770 1.413 1.550 1.550 5219 PESTECH 1.550 UNCH 340.3 1.550 21.17 1,183.2
0.760 0.565 0.695 0.690 5268 IKHMAS 0.690 UNCH 191.2 0.690 69.70 0.72 358.8 25.245 22.325 23.860 23.700 5681 PETDAG 23.86 UNCH 274.8 23.770 25.07 3.02 23,703.8
0.360 0.290 0.305 0.300 192 INTA 0.300 -0.005 815.3 0.301 0.25 160.6 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.710 0.500 0.595 0.580 8834 IREKA 0.595 0.015 32.9 0.582 22.20 101.7 5.577 4.370 4.440 4.430 7081 PHARMA 4.440 0.010 30.1 4.435 24.93 3.60 1,151.6
1.790 0.900 1.540 1.500 4723 JAKS 1.510 0.010 2122.8 1.519 91.52 728.1 0.189 0.118 0.160 0.155 7201 PICORP 0.160 -0.005 982.5 0.159 3.81 105.3
0.500 0.210 0.295 0.280 9083 JETSON 0.285 -0.010 2628 0.285 58.9 0.420 0.225 0.280 0.270 7163 PJBUMI 0.270 -0.010 80 0.275 22.1
3.760 2.030 3.660 3.560 7161 KERJAYA 3.560 -0.040 359.7 3.584 15.62 1.54 1,842.5 5.780 2.702 5.170 5.090 4634 POS 5.110 -0.060 875.7 5.111 39.64 2.29 4,000.0
2.350 1.706 2.350 2.300 5171 KIMLUN 2.340 0.010 172.8 2.337 9.00 2.78 726.4 2.530 1.890 1.920 1.890 5204 PRESBHD 1.920 -0.010 1359.1 1.903 102.67 1.56 929.3
1.540 1.010 9628 LEBTECH 1.500 156.2 204.7 2.590 1.630 1.680 1.660 8346 PRKCORP 1.670 0.010 8.3 1.670 167.0
1.240 0.684 0.805 0.805 5129 MELATI 0.805 -0.025 10.4 0.805 4.41 2.17 96.6 0.320 0.155 0.315 0.305 186 PTRANS 0.310 UNCH 4823.4 0.309 13.08 1.45 354.3
0.575 0.240 0.470 0.455 5006 MERGE 0.470 UNCH 401.4 0.459 18.65 31.5 0.932 0.820 0.835 0.825 5272 RANHILL 0.830 UNCH 121.2 0.832 8.52 9.40 737.3
1.417 1.109 1.370 1.350 9571 MITRA 1.360 0.010 589.2 1.357 7.08 3.68 928.4 0.360 0.160 0.285 0.280 37 RGB 0.285 -0.005 2113.3 0.284 14.92 2.11 381.4
1.340 0.610 1.330 1.280 7595 MLGLOBAL 1.300 0.030 329.6 1.306 43.48 476.6 0.385 0.305 0.335 0.315 8885 RPB 0.325 0.010 26.5 0.326 279.0
0.440 0.250 0.335 0.335 5924 MTDACPI 0.335 0.005 24 0.335 558.33 77.6 0.687 0.500 0.525 0.520 8567 SALCON 0.520 -0.005 266.6 0.520 3.63 352.4
1.670 0.725 1.290 1.260 5085 MUDAJYA 1.280 -0.010 317.9 1.272 707.1 1.147 0.358 0.880 0.870 5147 SAMCHEM 0.870 -0.020 377.9 0.875 14.40 3.74 236.6
2.990 2.090 2.880 2.750 5703 MUHIBAH 2.850 0.010 3051.4 2.846 12.28 1.93 1,374.0 0.315 0.110 0.255 0.250 9113 SANBUMI 0.250 -0.005 459.2 0.254 56.6
0.724 0.356 0.655 0.640 8311 PESONA 0.655 0.015 512.2 0.648 21.62 3.05 437.0 2.399 1.920 2.180 2.160 99 SCICOM 2.180 0.020 271.1 2.162 16.35 4.13 774.9
1.579 1.132 1.530 1.480 7055 PLB 1.530 0.050 121.7 1.494 0.65 139.7 0.215 0.090 0.115 0.115 7158 SCOMI 0.115 UNCH 416.9 0.115 220.5
1.273 0.924 1.040 1.030 5070 PRTASCO 1.040 UNCH 457.5 1.040 13.58 5.77 441.7 0.270 0.110 0.115 0.110 7045 SCOMIES 0.110 -0.005 830 0.110 257.6
0.215 0.095 0.155 0.150 7145 PSIPTEK 0.155 UNCH 399.8 0.154 16.49 54.0 1.160 0.972 7053 SEEHUP 1.000 7.20 52.3
4.270 3.125 4.030 4.000 9598 PTARAS 4.030 0.040 11.4 4.013 17.26 4.96 664.8 0.769 0.559 0.695 0.680 9792 SEG 0.690 UNCH 846.1 0.688 33.17 5.07 872.3
1.390 0.405 1.150 1.130 5205 SENDAI 1.150 UNCH 920.3 1.137 0.43 890.1 1.911 1.120 1.310 1.260 5250 SEM 1.300 0.020 2885.6 1.294 33.85 1.77 1,603.4
2.150 1.533 2.110 2.070 5263 SUNCON 2.100 0.010 228.6 2.098 21.02 2.38 2,715.1 2.100 1.324 1.570 1.550 5218 SENERGY 1.550 UNCH 4178.9 1.553 73.11 0.65 9,287.8
0.415 0.305 0.310 0.305 9717 SYCAL 0.305 -0.005 245.8 0.309 16.94 97.7 2.267 1.488 2.040 1.990 5279 SERBADK 2.030 -0.010 10813.5 2.015 2.13 2,710.1
0.765 0.364 0.720 0.705 5054 TRC 0.710 -0.005 1239.4 0.713 8.82 2.68 341.2 9.700 7.183 9.550 9.500 4197 SIME 9.500 -0.040 11732.9 9.528 20.27 2.84 64,608.0
2.400 1.500 1.720 1.700 5622 TRIPLC 1.710 -0.050 37.8 1.714 5.28 117.3 0.917 0.651 9431 SJC 0.670 44.97 1.49 27.2
0.825 0.430 0.725 0.715 5042 TSRCAP 0.725 -0.005 18.1 0.715 11.04 126.5 1.380 1.200 1.300 1.260 5242 SOLID 1.270 -0.020 88.5 1.271 42.91 1.02 212.5
0.145 0.110 0.120 0.115 7070 VIZIONE 0.115 UNCH 504.8 0.116 44.23 100.6 2.540 2.140 2.350 2.340 6084 STAR 2.350 UNCH 45.5 2.350 17.15 7.66 1,735.6
1.680 0.890 1.460 1.430 3565 WCEHB 1.440 -0.010 211.4 1.445 41.14 1,443.9 3.090 2.262 9865 SUIWAH 2.950 16.70 1.19 180.0
2.467 1.496 1.950 1.890 9679 WCT 1.890 -0.060 1050.5 1.910 25.68 1.58 2,671.4 0.110 0.045 0.055 0.050 1201 SUMATEC 0.050 -0.005 1189 0.052 193.3
0.670 0.545 0.560 0.545 7028 ZECON 0.555 -0.005 1682.2 0.553 1.28 66.1 4.320 2.756 4.280 4.250 5211 SUNWAY 4.260 -0.010 2088.5 4.264 14.72 2.09 8,883.1
0.205 0.100 0.135 0.130 2283 ZELAN 0.135 UNCH 1366.8 0.130 114.1 2.257 1.846 2.090 2.080 6521 SURIA 2.090 UNCH 12.5 2.085 9.44 3.35 602.3
TRADING SERVICES 0.345 0.235 0.270 0.255 5173 SYSCORP 0.270 UNCH 11 0.256 300.0 324.0
0.550 0.350 0.400 0.390 5238 AAX 0.395 UNCH 9046.5 0.395 40.31 1,638.5 0.490 0.280 0.400 0.390 7228 T7GLOBAL 0.400 0.005 451.2 0.395 16.33 152.6
0.260 0.135 0.150 0.145 5166 AEGB 0.145 -0.005 1951.7 0.149 59.4 1.747 1.289 8524 TALIWRK 1.500 26.00 5.33 1,814.2
2.960 2.082 2.200 2.180 6599 AEON 2.200 UNCH 385.1 2.194 41.90 1.36 3,088.8 2.667 1.419 2.520 2.500 5140 TASCO 2.500 0.010 58.5 2.503 16.31 1.80 500.0
0.435 0.160 0.350 0.275 7315 AHB 0.300 -0.065 37577.1 0.297 85.71 48.0 14.560 12.832 14.220 14.120 5347 TENAGA 14.160 -0.080 9194.5 14.197 11.52 2.75 80,131.7
3.468 2.086 3.280 3.220 5099 AIRASIA 3.280 0.030 7492.1 3.263 5.42 3.66 10,961.7 1.573 1.290 1.300 1.290 8702 TEXCHEM 1.290 -0.010 49.7 1.297 32.25 15.50 160.1
9.389 5.697 8.760 8.700 5014 AIRPORT 8.740 -0.010 3830.8 8.741 326.1 1.14 14,501.3 0.240 0.055 0.055 0.055 7206 THHEAVY 0.055 UNCH 820 0.055 61.7
0.370 0.110 0.135 0.130 5115 ALAM 0.135 UNCH 1189.2 0.135 124.8 6.698 5.690 6.360 6.270 4863 TM 6.330 0.060 2149.8 6.308 34.95 3.40 23,787.7
0.270 0.070 0.100 0.085 159 AMEDIA 0.100 0.015 4097.9 0.093 23.9 0.990 0.770 0.805 0.795 101 TMCLIFE 0.800 0.005 1437.1 0.800 67.80 0.15 1,389.0
8.670 7.217 6351 AMWAY 7.350 26.23 2.72 1,208.2 1.870 1.470 1.730 1.730 8397 TNLOGIS 1.730 UNCH 28.3 1.730 8.70 2.89 776.5
2.378 2.133 7083 ANALABS 2.150 10.79 1.51 129.1 1.060 0.380 7218 TOCEAN 0.635 39.69 26.0
0.085 0.025 0.050 0.050 5194 APFT 0.050 UNCH 869.5 0.050 27.4 1.000 0.750 5167 TURBO 0.820 22.59 6.10 88.6
0.840 0.500 0.705 0.695 5210 ARMADA 0.695 -0.005 4535 0.700 1.18 4,077.1 2.892 2.400 7137 UMS 2.510 14.30 2.39 102.1
0.220 0.100 0.170 0.155 1481 ASB 0.160 -0.005 3057.3 0.161 20.25 1.56 108.3 1.040 0.285 0.315 0.310 5243 UMWOG 0.315 0.005 12039 0.310 681.0
2.869 2.466 2.550 2.500 6399 ASTRO 2.540 0.040 4817.7 2.538 21.36 4.53 13,232.2 1.294 0.978 1.060 1.040 7091 UNIMECH 1.040 -0.030 26 1.041 15.20 2.88 136.4
5.027 4.190 4.200 4.190 7048 ATLAN 4.200 UNCH 16.7 4.198 21.19 3.81 1,065.3 0.730 0.365 5754 UTUSAN 0.440 48.7
1.180 0.715 1.150 1.120 7579 AWC 1.130 -0.010 634.8 1.137 13.28 1.33 301.6 1.980 1.300 1.490 1.480 7250 UZMA 1.480 -0.020 68 1.481 17.75 473.6
5.898 4.085 4.680 4.600 6888 AXIATA 4.630 -0.060 3743.7 4.628 109.20 1.73 41,661.3 0.900 0.600 0.845 0.825 7240 VOIR 0.830 UNCH 159.6 0.831 592.86 120.5
0.665 0.230 0.605 0.585 5021 AYS 0.595 0.005 5557.1 0.595 8.13 4.20 226.3 2.157 1.663 5016 WARISAN 2.100 1.90 141.1
0.740 0.570 0.590 0.590 7251 BARAKAH 0.590 UNCH 15 0.590 56.19 487.1 0.580 0.410 7692 WIDETEC 0.580 26.48 26.0
2.293 1.843 1.970 1.930 5248 BAUTO 1.950 0.030 842.5 1.947 18.79 5.97 2,251.3 4.511 3.610 3.710 3.670 5246 WPRTS 3.670 -0.030 331.7 3.683 21.01 3.56 12,514.7
0.495 0.365 0.390 0.380 7241 BHS 0.390 UNCH 199.9 0.385 178.8 1.448 0.803 1.190 1.150 5267 XINHWA 1.180 0.010 159.9 1.167 24.84 0.85 254.9
0.280 0.170 0.195 0.195 6998 BINTAI 0.195 -0.005 102.7 0.195 56.5 0.075 0.020 0.040 0.040 7122 YFG 0.040 -0.005 200 0.040 24.4
6.567 5.863 5032 BIPORT 6.050 17.36 3.97 2,783.0 3.679 2.748 3.540 3.520 7293 YINSON 3.540 0.010 114.8 3.531 16.48 0.56 3,868.5
2.540 1.408 2.540 2.460 5275 BISON 2.540 0.040 3.5 2.471 39.87 0.79 787.6 1.715 1.400 1.430 1.410 4677 YTL 1.410 -0.010 6554.9 1.414 17.65 6.74 15,383.9
0.410 0.306 0.335 0.330 3395 BJCORP 0.330 -0.005 2838 0.330 12.36 1,624.8 FINANCE
1.956 1.208 1.410 1.400 5196 BJFOOD 1.410 0.010 118.9 1.405 46.84 536.5 13.980 13.140 13.960 13.680 5139 AEONCR 13.700 -0.260 124.1 13.754 11.19 3.07 2,959.2
0.700 0.435 0.445 0.435 4219 BJLAND 0.435 -0.005 12.9 0.441 7.87 2,175.1 2.949 2.018 2.620 2.570 5185 AFFIN 2.580 -0.030 231.6 2.586 8.81 2.91 5,012.8
0.470 0.205 0.300 0.275 6025 BJMEDIA 0.295 0.010 20.3 0.278 69.3 4.400 3.446 3.950 3.920 2488 AFG 3.950 0.020 293.3 3.932 11.76 4.05 6,115.0
3.258 2.280 2.380 2.340 1562 BJTOTO 2.360 UNCH 1501 2.356 13.18 5.93 3,188.4 15.600 9.492 14.860 14.580 1163 ALLIANZ 14.660 -0.180 20.3 14.657 8.22 0.61 2,557.9
0.135 0.092 0.105 0.100 7036 BORNOIL 0.105 UNCH 38704 0.105 11.41 477.3 15.100 9.511 1163PA ALLIANZ-PA 15.100 0.72 1,311.8
0.945 0.515 0.560 0.540 9474 BRAHIMS 0.540 -0.020 110.1 0.547 127.6 5.700 3.855 5.010 4.910 1015 AMBANK 4.940 -0.050 2011.8 4.956 11.21 3.56 14,890.1
2.789 2.510 2.710 2.640 2771 BSTEAD 2.710 0.010 416.2 2.691 14.46 5.54 5,493.1 1.934 1.263 1.650 1.600 5088 APEX 1.600 -0.050 8.8 1.616 24.02 3.13 341.7
0.395 0.280 0.285 0.285 5257 CARIMIN 0.285 UNCH 20 0.285 66.7 4.610 3.782 4.420 4.340 5258 BIMB 4.400 0.020 39.6 4.401 12.22 2.95 7,206.1
1.990 1.300 1.820 1.750 5245 CARING 1.810 0.110 87.1 1.801 34.22 0.83 394.0 11.140 8.057 10.760 10.560 1818 BURSA 10.620 0.020 423.4 10.629 27.05 3.48 5,708.3
3.397 2.130 2.230 2.220 2925 CCB 2.220 -0.020 36.5 2.227 11.65 2.25 223.7 6.870 3.977 6.730 6.570 1023 CIMB 6.640 0.050 60280.2 6.648 14.83 3.01 60,106.0
1.440 0.826 1.260 1.250 7117 CENTURY 1.260 UNCH 290.8 1.255 23.55 2.78 494.7 0.705 0.320 0.540 0.530 2143 ECM 0.530 -0.010 44.5 0.532 22.55 151.9
0.470 0.401 0.415 0.415 7209 CHEETAH 0.415 UNCH 8.5 0.415 1.81 53.0 1.270 1.111 1.250 1.230 5228 ELKDESA 1.240 0.010 460.2 1.243 11.57 5.44 304.1
1.490 0.802 1.400 1.360 5273 CHINHIN 1.400 0.020 909.5 1.380 16.17 2.50 708.2 16.300 12.501 15.860 15.740 5819 HLBANK 15.800 0.020 1651.7 15.791 14.56 2.59 34,249.9
0.675 0.383 0.600 0.595 7016 CHUAN 0.600 -0.005 289.5 0.600 8.25 3.00 101.2 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
0.100 0.065 0.070 0.070 5104 CNI 0.070 -0.005 116.5 0.070 4.29 50.4 17.735 13.892 17.040 16.980 1082 HLFG 17.000 -0.080 80 17.001 11.85 2.24 19,507.8
1.240 0.650 0.875 0.865 5136 COMPLET 0.865 -0.010 21 0.871 11.09 107.1 2.610 2.422 6688 HWANG 2.610 20.03 1.15 666.0
0.045 0.025 0.030 0.025 5037 COMPUGT 0.030 UNCH 691.7 0.030 64.0 1.140 0.627 1.100 1.070 3379 INSAS 1.070 -0.010 3998.9 1.082 3.89 0.93 741.9
2.820 1.907 2.560 2.510 5184 CYPARK 2.550 -0.010 76.3 2.534 13.07 2.04 665.3 0.970 0.887 0.960 0.960 3379PA INSAS-PA 0.960 -0.005 16.8 0.960 6.25 127.3
0.880 0.615 0.625 0.615 5276 DANCO 0.625 0.005 113.1 0.618 13.38 2.40 186.3 0.395 0.115 0.305 0.290 3441 JOHAN 0.300 0.010 8214 0.299 186.9
0.105 0.050 0.075 0.075 91 DAYA 0.075 UNCH 1226 0.075 143.2 0.690 0.415 0.545 0.540 6483 KENANGA 0.540 UNCH 213 0.541 33.96 4.17 390.2
1.290 0.730 1.020 1.010 5141 DAYANG 1.020 UNCH 112 1.019 23.29 984.1 19.302 15.157 18.160 18.100 8621 LPI 18.120 UNCH 60.3 18.126 20.20 4.53 6,015.6
1.126 0.796 0.845 0.825 5132 DELEUM 0.825 -0.010 259.9 0.834 15.08 4.24 330.2 0.917 0.814 0.855 0.850 1198 MAA 0.850 UNCH 85 0.854 10.59 232.5
0.895 0.585 0.650 0.640 7212 DESTINI 0.645 UNCH 1333.6 0.645 19.31 745.1 3.170 2.625 1058 MANULFE 3.160 12.55 3.32 639.5
1.970 1.426 1.930 1.910 7277 DIALOG 1.920 UNCH 11239.9 1.920 29.63 1.25 10,815.8 9.670 7.250 9.650 9.630 1155 MAYBANK 9.640 UNCH 4422.7 9.640 13.83 5.39 101,745
6.537 4.214 5.000 5.000 5908 DKSH 5.000 -0.050 3 5.000 16.01 1.90 788.3 1.380 0.669 1.280 1.260 1171 MBSB 1.260 -0.020 1253.4 1.269 21.25 2.38 7,464.8
0.690 0.196 0.590 0.580 4456 DNEX 0.590 UNCH 15266.6 0.586 4.11 0.85 1,033.6 2.840 1.601 2.770 2.680 6459 MNRB 2.700 -0.060 331.8 2.707 10.98 862.9
1.591 1.092 1.190 1.160 5216 DSONIC 1.170 -0.020 634 1.176 25.22 3.42 1,579.5 1.830 1.160 1.530 1.510 5237 MPHBCAP 1.520 -0.010 124.8 1.514 16.81 1,086.8
0.295 0.175 0.180 0.180 2097 EASTLND 0.180 UNCH 34.9 0.180 44.2 1.309 1.185 1.280 1.270 6009 P&O 1.270 0.010 3 1.273 19.81 7.64 312.4
0.950 0.385 0.435 0.415 5259 EATECH 0.420 0.005 1823.3 0.425 5.36 211.7 20.660 18.821 20.640 20.520 1295 PBBANK 20.540 0.040 7019.3 20.561 14.96 2.87 79,739.1
0.370 0.200 0.235 0.230 5036 EDARAN 0.230 -0.010 155 0.231 13.8 1.920 0.715 1.740 1.700 9296 RCECAP 1.710 -0.010 241.3 1.707 7.16 1.75 606.4
0.290 0.165 0.215 0.200 7471 EDEN 0.210 UNCH 1054.1 0.205 65.4 5.550 4.473 5.070 5.030 1066 RHBBANK 5.030 -0.060 349.4 5.037 12.42 2.39 20,170.5
3.589 2.280 2.580 2.540 1368 EDGENTA 2.570 -0.010 349.3 2.570 24.62 2.72 2,137.3 0.708 0.422 0.615 0.605 4898 TA 0.610 -0.005 378.7 0.611 3.78 2.79 1,044.3
0.590 0.220 0.350 0.345 64 EFFICEN 0.345 -0.005 919.6 0.348 244.6 4.250 3.800 4.080 4.040 6139 TAKAFUL 4.080 -0.030 56.1 4.057 18.02 3.84 3,358.4
1.000 0.759 5081 EIG 0.900 15.79 2.50 213.5 1.629 1.080 1.140 1.080 5230 TUNEPRO 1.110 -0.010 4400.1 1.108 12.04 4.68 834.5

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
PROPERTIES 0.610 0.250 0.400 0.395 9075 THETA 0.395 -0.005 211.3 0.396 42.4
0.888 0.740 0.805 0.795 1007 AMPROP 0.795 -0.015 16.2 0.802 35.49 3.77 483.0 0.215 0.075 0.115 0.110 118 TRIVE 0.110 UNCH 338.9 0.111 50.00 147.0
1.850 0.990 1.460 1.450 5959 A&M 1.450 -0.010 12.4 1.453 31.80 529.3 3.830 2.206 3.830 3.790 5005 UNISEM 3.800 -0.020 2259.1 3.805 16.16 2.89 2,788.6
0.448 0.345 0.395 0.390 1007PA AMPROP-PA 0.390 -0.005 8.2 0.393 5.13 113.3 4.790 1.727 4.650 4.490 97 VITROX 4.600 0.140 690.7 4.540 31.77 0.71 2,162.4
0.230 0.145 0.160 0.160 4057 ASIAPAC 0.160 UNCH 481 0.160 17.39 160.1 1.750 0.621 1.600 1.550 8 WILLOW 1.570 -0.030 400.8 1.571 18.49 1.27 389.4
0.550 0.415 0.445 0.445 6602 BCB 0.445 UNCH 13 0.445 9.04 183.6 INFRASTRUCTURE PROJECT COMPANIES
0.665 0.440 0.490 0.485 9814 BERTAM 0.490 UNCH 140 0.489 2.04 101.3 5.139 4.630 4.810 4.740 6947 DIGI 4.800 0.020 2915 4.795 24.14 4.10 37,320.0
1.400 0.710 1.200 1.170 3239 BJASSET 1.200 UNCH 103.3 1.188 1,426.6 6.150 5.431 5.900 5.870 6645 LITRAK 5.900 UNCH 15.6 5.899 14.01 4.24 3,108.2
1.500 1.030 1.220 1.150 5738 CHHB 1.220 0.030 6 1.167 336.4 0.372 0.221 0.300 0.290 5078 M&G 0.295 -0.005 623.4 0.295 16.95 207.0
1.740 1.430 1.650 1.600 6718 CRESNDO 1.650 0.040 105.1 1.609 6.76 3.03 462.8 1.270 0.850 0.865 0.855 6807 PUNCAK 0.860 -0.010 288.8 0.859 386.4
1.720 1.235 1.660 1.650 5049 CVIEW 1.660 0.010 27 1.654 6.13 9.04 166.0 9.890 7.028 9.550 9.510 5031 TIMECOM 9.530 0.030 346.3 9.529 13.00 2.09 5,541.3
2.390 2.073 2.290 2.270 5355 DAIMAN 2.290 -0.010 44 2.282 17.56 2.18 485.9 1.539 1.304 1.410 1.400 6742 YTLPOWR 1.410 0.010 1398 1.405 12.53 7.09 11,481.7
1.040 0.500 0.565 0.555 3484 DBHD 0.565 -0.005 31.8 0.559 174.8 CLOSED-END FUNDS
2.130 1.400 1.670 1.640 3417 E&O 1.660 UNCH 517.2 1.650 23.85 1.81 2,200.0 2.690 2.260 2.590 2.590 5108 ICAP 2.590 -0.010 35 2.590 5180 362.6
0.325 0.250 0.295 0.290 3557 ECOFIRS 0.290 -0.005 592.6 0.290 27.36 232.9 EXCHANGE TRADED FUNDS
1.720 1.260 1.640 1.610 8206 ECOWLD 1.610 -0.020 2004 1.625 19.10 4,740.4 1.129 1.070 0800EA ABFMY1 1.129 5.03 1,490.8
0.920 0.570 0.690 0.690 6076 ENCORP 0.690 -0.010 22 0.690 5.28 192.3 1.960 1.680 1.940 1.940 0822EA CIMBA40 1.940 0.015 1 1.940 3.81 2.6
3.180 1.850 2.950 2.860 8613 ENRA 2.870 -0.130 51.5 2.913 32.47 1.05 390.9 1.550 1.200 1.550 1.550 0823EA CIMBC50 1.550 UNCH 11.5 1.550 15.1
1.240 0.720 1.160 1.090 6815 EUPE 1.110 -0.040 730.2 1.119 142.1 1.865 1.700 0820EA FBMKLCI-EA 1.840 1.79 3.1
1.360 1.000 1.100 1.070 5283 EWINT 1.100 0.010 2688.4 1.082 2,640.0 1.070 0.965 1.070 1.050 0826EA METFAPA 1.070 0.010 123.5 1.067 20.3
0.617 0.468 6041 FARLIM 0.530 6.05 3.77 74.4 0.952 0.905 0825EA METFSID 0.906 2.58 48.0
0.787 0.610 0.670 0.650 5020 GLOMAC 0.665 0.015 166.2 0.654 4.34 5.26 484.0 1.115 1.045 1.100 1.100 0821EA MYETFDJ 1.100 0.005 2 1.100 2.03 305.7
0.523 0.367 0.435 0.435 9962 GMUTUAL 0.435 -0.005 41 0.435 8.21 4.60 163.4 1.110 1.010 0824EA MYETFID 1.085 1.40 55.1
0.470 0.290 0.375 0.375 1147 GOB 0.375 UNCH 274.8 0.375 23.15 1.33 170.5 REITS
1.450 1.110 1.180 1.170 1503 GUOCO 1.180 -0.010 48.5 1.175 3.83 1.69 826.5 1.073 0.935 0.950 0.950 4952 AHP 0.950 UNCH 226.3 0.950 44.81 4.74 209.0
0.480 0.370 7010 HOOVER 0.460 18.4 1.659 1.415 1.550 1.540 5116 ALAQAR 1.550 0.030 829 1.549 18.17 4.97 1,128.8
1.407 0.845 0.870 0.850 5062 HUAYANG 0.860 UNCH 532.5 0.859 7.85 2.33 302.7 1.050 0.945 1.050 1.050 5269 ALSREIT 1.050 0.010 0.1 1.050 12.50 5.71 609.0
0.648 0.494 0.600 0.580 4251 IBHD 0.585 -0.015 666.6 0.590 8.31 3.21 589.1 0.828 0.730 0.750 0.745 5120 AMFIRST 0.745 UNCH 49.9 0.748 22.99 5.45 511.4
1.050 0.755 5084 IBRACO 0.920 20.44 3.80 456.7 0.980 0.858 0.960 0.950 5127 ARREIT 0.950 UNCH 119.5 0.950 13.81 6.06 544.6
2.990 2.359 2.850 2.830 1597 IGB 2.830 UNCH 9.8 2.831 10.45 3.53 3,862.4 1.190 0.995 1.170 1.160 5130 ATRIUM 1.170 UNCH 203.2 1.160 25.05 5.81 142.5
2.379 1.850 2.130 2.100 5249 IOIPG 2.120 0.010 3017 2.120 10.26 3.50 11,673.0 1.726 1.525 1.650 1.640 5106 AXREIT 1.640 -0.010 215.7 1.640 17.05 5.16 1,812.5
0.620 0.380 0.400 0.390 5175 IVORY 0.390 -0.010 116.9 0.395 19.70 191.1 1.720 1.470 1.550 1.530 5180 CMMT 1.540 -0.010 2107.2 1.541 20.53 5.44 3,133.3
3.290 0.785 1.330 1.290 1589 IWCITY 1.300 -0.030 7143.4 1.303 1,088.6 1.581 1.280 1.300 1.280 5121 HEKTAR 1.300 0.010 54.8 1.290 12.66 7.68 600.1
0.176 0.105 0.110 0.105 6769 JKGLAND 0.105 -0.005 1180.5 0.105 15.44 2.19 238.9 1.790 1.448 1.720 1.710 5227 IGBREIT 1.710 UNCH 1329.2 1.710 21.27 5.09 5,990.9
0.085 0.040 0.070 0.060 3115 KBUNAI 0.065 0.005 4027 0.065 19.70 375.5 1.029 0.900 0.945 0.940 5280 KIPREIT 0.940 -0.005 173.1 0.942 22.27 3.11 475.0
0.974 0.798 7323 KEN 0.900 5.46 2.78 172.5 8.100 7.119 7.810 7.790 5235SS KLCC 7.810 UNCH 601.7 7.809 16.02 4.56 14,099.7
1.330 0.995 1.250 1.230 5038 KSL 1.240 UNCH 248.5 1.234 3.91 1,286.5 1.350 1.111 1.290 1.290 5123 MQREIT 1.290 UNCH 117.8 1.290 15.39 9.84 1,377.7
0.312 0.210 0.230 0.225 3174 L&G 0.225 UNCH 3051.5 0.225 9.70 7.07 659.0 1.910 1.588 1.760 1.740 5212 PAVREIT 1.750 UNCH 100.2 1.748 17.47 4.59 5,296.0
1.295 1.051 1.160 1.150 8494 LBICAP 1.150 UNCH 32.2 1.158 3.98 9.13 92.7 1.780 1.549 1.700 1.680 5176 SUNREIT 1.680 -0.010 947.2 1.690 15.05 5.38 4,947.7
2.078 1.479 1.980 1.960 5789 LBS 1.970 UNCH 535.9 1.968 12.82 2.03 1,331.5 1.220 1.132 1.220 1.210 5111 TWRREIT 1.220 UNCH 18 1.216 16.94 5.68 342.2
0.460 0.235 0.430 0.420 3573 LIENHOE 0.430 0.010 321.9 0.427 155.5 1.850 1.608 1.720 1.710 5110 UOAREIT 1.720 UNCH 18.7 1.718 16.21 5.49 727.3
1.690 0.926 1.520 1.500 7617 MAGNA 1.520 0.020 56 1.517 2.05 3.95 508.8 1.230 1.000 1.190 1.190 5109 YTLREIT 1.190 -0.010 287 1.190 5.87 2,028.2
1.700 1.340 1.560 1.530 8583 MAHSING 1.540 UNCH 365.9 1.543 11.60 4.22 3,710.6 SPAC
1.940 0.551 1.180 1.130 6181 MALTON 1.170 0.030 1753.1 1.165 14.77 2.14 617.5 0.720 0.670 5234 CLIQ 0.720 454.3
2.828 2.280 2.730 2.690 5236 MATRIX 2.720 0.020 3680.9 2.724 8.35 5.06 1,584.0 0.480 0.455 5241 SONA 0.475 670.1
1.880 1.000 1.540 1.530 7189 MBWORLD 1.540 -0.010 35 1.539 7.65 242.4
1.200 0.750 0.990 0.940 5182 MCT 0.940 0.005 1285.6 0.950 21.51 1,254.7
0.525 0.415
1.020 0.680
0.445
0.865
0.430
0.845
5040
1694
MEDAINC
MENANG
0.445
0.860
0.015
0.005
84.1
296.5
0.442
0.855

7.18


219.2
229.7 Ace Market
0.605 0.250 0.455 0.440 8141 MJPERAK 0.440 -0.005 321 0.444 104.76 4.86 113.1 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
2.614 2.260 2.290 2.260 6114 MKH 2.270 -0.020 477.4 2.270 5.53 2.98 1,272.8 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
0.360 0.270 0.280 0.275 8893 MKLAND 0.280 UNCH 85.1 0.277 20.29 338.0
0.220 0.085 6548 MPCORP 0.145 41.7 CONSUMER PRODUCTS
1.761 1.115 1.310 1.240 1651 MRCB 1.260 -0.050 11559 1.271 9.48 2.18 2,762.7 0.285 0.195 0.245 0.240 179 BIOHLDG 0.245 0.005 3242.9 0.240 20.94 197.6
1.080 0.610 9539 MUH 0.625 35.3 0.315 0.200 0.225 0.220 170 KANGER 0.220 Unch 426 0.221 25.58 175.7
0.365 0.230 3913 MUIPROP 0.295 21.38 225.4 0.450 0.200 0.385 0.375 148 SUNZEN 0.375 -0.005 722.5 0.378 133.93 180.7
1.980 1.230 1.250 1.250 5073 NAIM 1.250 UNCH 56.5 1.250 312.5 0.045 0.025 0.040 0.040 95 XINGHE 0.040 Unch 1460 0.040 3.81 93.9
3.099 2.350 2.400 2.400 5827 OIB 2.400 UNCH 7 2.400 11.50 3.33 347.7 INDUSTRIAL PRODUCTS
1.710 1.346 1.570 1.560 5053 OSK 1.570 UNCH 251.4 1.569 9.38 4.78 2,202.5 0.245 0.137 0.195 0.190 105 ASIAPLY 0.190 -0.005 726 0.190 20.88 2.63 63.4
1.850 1.251 1.810 1.800 1724 PARAMON 1.800 UNCH 642.1 1.803 10.32 4.72 763.7 0.095 0.030 0.045 0.035 72 AT 0.040 Unch 111888 0.040 43.1
0.695 0.405 0.605 0.595 6912 PASDEC 0.605 UNCH 72 0.600 173.0 0.445 0.245 0.420 0.405 163 CAREPLS 0.410 Unch 7033.2 0.412 73.21 0.73 198.1
1.820 1.540 1.680 1.680 5075 PLENITU 1.680 -0.020 4 1.680 13.82 2.68 641.0 0.330 0.080 0.240 0.230 102 CONNECT 0.240 0.005 750.1 0.233 96.00 77.0
0.365 0.225 0.330 0.330 2208 PTGTIN 0.330 UNCH 22 0.330 114.2 0.613 0.370 0.395 0.370 100 ESCERAM 0.380 -0.030 4441.7 0.380 9.67 1.58 78.1
1.270 0.900 1.110 1.100 4596 SAPRES 1.100 -0.010 41 1.102 1.47 2.73 153.6 0.370 0.225 0.225 0.225 175 HHGROUP 0.225 Unch 30 0.225 321.4 69.5
0.820 0.665 0.720 0.685 5207 SBCCORP 0.690 UNCH 159.8 0.698 0.67 162.0 0.145 0.065 0.120 0.110 160 HHHCORP 0.110 -0.010 739.2 0.114 22.45 36.7
1.160 0.785 1.140 1.120 2224 SDRED 1.130 -0.010 196.3 1.135 8.09 2.21 481.5 0.535 0.155 0.515 0.500 162 IJACOBS 0.505 -0.005 3676.6 0.506 37.69 68.5
0.580 0.370 0.505 0.495 4286 SEAL 0.500 UNCH 250.8 0.496 37.04 121.5 0.165 0.090 0.145 0.140 24 JAG 0.140 Unch 7953 0.140 25.45 177.2
2.962 2.761 2.830 2.820 6017 SHL 2.820 -0.010 4 2.825 8.33 7.09 682.8 0.250 0.125 0.230 0.220 25 LNGRES 0.220 -0.010 3074.8 0.224 23.66 53.2
0.305 0.130 0.225 0.220 4375 SMI 0.220 -0.005 210 0.223 1.63 46.2 0.150 0.040 0.050 0.050 70 MQTECH 0.050 Unch 13 0.050 20.7
1.000 0.690 0.840 0.830 5213 SNTORIA 0.840 0.010 77.2 0.833 12.26 2.38 419.3 0.860 0.331 0.720 0.695 49 OCNCASH 0.695 -0.025 1178.9 0.702 14.04 1.01 155.0
5.190 4.211 4.880 4.860 1783 SPB 4.860 -0.030 3.7 4.868 10.91 2.47 1,670.0 0.610 0.130 0.390 0.360 38 PTB 0.370 -0.015 664.5 0.375 84.09 55.6
4.311 2.767 3.340 3.240 8664 SPSETIA 3.340 0.120 1516.6 3.300 4.87 5.99 9,973.5 0.115 0.060 0.060 0.060 133 SANICHI 0.060 Unch 2323.7 0.060 51.5
1.590 0.815 1.500 1.480 3743 SUNSURIA 1.490 0.010 236.7 1.490 21.10 1,190.3 0.060 0.025 0.030 0.030 109 SCBUILD 0.030 Unch 1370.8 0.030 26.5
4.320 2.756 4.280 4.250 5211 SUNWAY 4.260 -0.010 2088.5 4.264 14.72 2.09 8,883.1 0.220 0.110 0.195 0.185 1 SCOMNET 0.190 Unch 2645.8 0.188 15.20 2.11 46.2
1.070 0.625 0.965 0.945 1538 SYMLIFE 0.960 0.005 214 0.951 8.55 3.13 297.6 0.289 0.117 0.240 0.235 28 SCOPE 0.235 -0.010 480.2 0.237 28.66 2.13 131.7
0.395 0.215 0.320 0.315 5158 TAGB 0.315 -0.005 690.2 0.316 7.57 1.27 1,676.3 0.290 0.115 0.190 0.185 55 SERSOL 0.185 -0.005 257 0.189 39.8
7.600 5.976 7.320 7.320 2305 TAHPS 7.320 -0.080 3 7.320 28.42 0.68 547.9 0.955 0.178 0.820 0.760 84 TECFAST 0.780 -0.035 13497.7 0.774 35.29 0.64 133.5
0.060 0.035 0.055 0.050 2259 TALAMT 0.050 -0.005 29731.3 0.050 211.0 TECHNOLOGY
1.471 1.266 1.350 1.340 5191 TAMBUN 1.340 0.010 368.4 1.348 5.08 7.46 580.6 0.995 0.160 0.760 0.740 18 ACCSOFT 0.740 -0.020 61 0.740 616.2
0.140 0.055 0.105 0.095 2429 TANCO 0.100 UNCH 599.9 0.100 66.2 0.710 0.160 0.710 0.660 181 AEMULUS 0.695 0.035 25795.5 0.693 182.8 305.0
0.315 0.170 0.245 0.245 7889 THRIVEN 0.245 -0.005 75 0.245 92.3 0.455 0.120 0.355 0.350 119 APPASIA 0.355 Unch 452.7 0.354 103.9
0.085 0.040 0.060 0.055 7079 TIGER 0.060 UNCH 965 0.060 88.3 0.450 0.150 0.185 0.180 68 ASDION 0.185 Unch 161 0.183 21.5
1.930 1.440 1.590 1.570 5239 TITIJYA 1.590 UNCH 272.3 1.572 8.23 0.31 651.9 1.190 0.730 0.815 0.800 98 BAHVEST 0.800 -0.020 531.9 0.807 480.0
1.044 0.937 0.965 0.955 5401 TROP 0.965 UNCH 96.4 0.962 10.81 2.56 1,414.5 0.770 0.620 0.665 0.650 191 CABNET 0.650 -0.010 524.1 0.658 10.66 84.5
1.360 0.995 1.180 1.170 5148 UEMS 1.170 -0.010 933.1 1.172 27.53 1.37 5,308.8 0.065 0.030 0.050 0.045 152 DGB 0.050 Unch 1120 0.048 500.0 26.9
2.680 2.096 2.670 2.620 5200 UOADEV 2.660 0.010 1410.8 2.658 6.76 5.64 4,613.1 0.075 0.020 0.035 0.030 131 DGSB 0.035 0.005 117 0.034 50.00 47.5
1.890 0.935 1.810 1.810 2976 WINGTM 1.810 UNCH 8 1.810 58.77 1.66 882.1 0.120 0.050 0.090 0.085 154 EAH 0.085 -0.005 4720.9 0.089 35.42 126.7
1.279 0.866 0.955 0.955 7003 Y&G 0.955 UNCH 1.5 0.955 11.40 190.4 0.260 0.125 0.140 0.130 107 EDUSPEC 0.140 0.005 847.7 0.135 24.56 130.6
1.840 1.400 1.410 1.400 3158 YNHPROP 1.410 -0.010 188.9 1.409 18.31 745.9 0.295 0.050 0.260 0.255 116 FOCUS 0.255 -0.005 432.2 0.255 198.2
1.610 1.040 1.400 1.380 7066 YONGTAI 1.400 UNCH 416.7 1.387 21.71 610.0 1.160 0.815 0.950 0.915 104 GENETEC 0.920 Unch 58.4 0.920 32.7
0.670 0.550 0.590 0.585 2577 YTLLAND 0.585 0.005 66.7 0.585 14.41 493.9 0.759 0.431 0.625 0.620 39 GFM 0.620 -0.010 457.7 0.621 25.31 2.34 265.4
MINING 0.090 0.030 0.085 0.075 45 GNB 0.080 -0.005 2477.3 0.080 23.1
1.290 1.150 1.270 1.260 2186 KUCHAI 1.260 -0.010 23.2 1.270 0.67 155.9 0.185 0.070 0.170 0.170 74 GOCEAN 0.170 -0.005 1410.8 0.170 283.33 44.8
PLANTATIONS 0.100 0.040 0.065 0.060 174 IDMENSN 0.060 0.005 170.1 0.060 120.00 29.7
0.285 0.195 7054 AASIA 0.205 205.0 135.3 0.577 0.227 0.395 0.385 23 IFCAMSC 0.385 -0.005 2681.3 0.390 32.08 1.30 234.2
19.575 17.198 19.100 19.000 1899 BKAWAN 19.100 0.160 6.5 19.041 10.99 2.88 8,326.7 0.100 0.065 0.065 0.065 94 INIX 0.065 Unch 211.5 0.065 24.07 16.5
8.639 8.380 5069 BLDPLNT 8.500 41.48 0.47 794.8 0.240 0.100 0.170 0.165 10 IRIS 0.170 Unch 1875.7 0.167 420.2
1.697 1.320 1.680 1.650 5254 BPLANT 1.670 0.010 213.9 1.660 11.67 8.38 2,672.0 2.150 0.450 2.100 2.030 146 JFTECH 2.060 Unch 196.3 2.068 61.31 0.49 259.6
0.953 0.624 0.825 0.820 8982 CEPAT 0.825 0.005 61.6 0.822 9.18 1.82 262.7 2.890 0.594 2.890 2.780 127 JHM 2.870 0.110 1315.6 2.844 27.92 710.2
8.350 7.253 1929 CHINTEK 7.780 40.04 2.44 710.8 0.270 0.130 0.205 0.200 111 K1 0.200 -0.005 495 0.205 103.8
0.545 0.385 0.440 0.430 3948 DUTALND 0.435 -0.005 103 0.436 368.1 0.115 0.025 0.035 0.030 36 KGROUP 0.035 Unch 935.5 0.035 59.9
9.100 7.205 5029 FAREAST 8.620 8.92 3.48 1,218.8 0.725 0.195 0.725 0.680 176 KRONO 0.710 0.020 14979.7 0.709 22.40 192.0
2.506 1.412 1.660 1.630 5222 FGV 1.630 -0.030 4112.6 1.639 58.01 0.61 5,946.5 0.190 0.045 0.085 0.080 17 M3TECH 0.085 Unch 1143.2 0.080 49.9
11.679 9.986 10.720 10.680 2291 GENP 10.680 -0.040 77.1 10.689 20.08 0.94 8,579.8 0.320 0.205 0.320 0.290 75 MEXTER 0.310 0.020 11513.7 0.308 69.0
0.675 0.500 0.600 0.600 7382 GLBHD 0.600 UNCH 125.5 0.600 133.7 0.590 0.420 155 MGRC 0.510 115.9 52.8
1.532 1.105 1.250 1.250 2135 GOPENG 1.250 UNCH 1.9 1.250 41.12 3.20 224.2 1.610 0.870 126 MICROLN 0.910 197.8 152.3
0.895 0.750 7501 HARNLEN 0.760 141.0 0.595 0.306 0.535 0.510 112 MIKROMB 0.515 -0.020 4410.8 0.515 20.85 1.53 221.7
2.650 2.300 2.610 2.600 5138 HSPLANT 2.600 UNCH 1588.3 2.600 14.68 4.23 2,080.0 0.465 0.065 0.180 0.150 85 MLAB 0.155 -0.015 57519.3 0.162 29.0
3.616 2.932 3.000 2.950 2216 IJMPLNT 2.950 UNCH 36.5 2.951 22.59 2.37 2,597.7 0.280 0.160 0.205 0.200 34 MMAG 0.205 0.005 166.1 0.200 56.3
0.734 0.651 0.675 0.675 2607 INCKEN 0.675 UNCH 10 0.675 1.66 284.0 1.730 0.503 1.700 1.670 113 MMSV 1.680 -0.010 971.6 1.674 19.56 1.19 273.8
1.475 0.605 6262 INNO 1.160 14.61 1.72 555.5 0.245 0.060 0.065 0.065 103 MNC 0.065 -0.005 500 0.065 20.97 28.3
4.810 4.130 4.500 4.470 1961 IOICORP 4.470 -0.010 2668 4.473 96.54 2.01 28,088.9 0.310 0.145 0.285 0.275 156 MPAY 0.280 -0.005 16574.6 0.279 198.9
25.137 22.442 24.760 24.520 2445 KLK 24.700 UNCH 347.3 24.700 20.56 2.02 26,367.4 0.735 0.130 0.640 0.590 92 MTOUCHE 0.625 0.010 5152.8 0.624 568.1 79.6
3.500 3.070 3.200 3.200 2453 KLUANG 3.200 UNCH 5 3.200 71.59 0.31 202.2 0.874 0.625 0.730 0.730 108 N2N 0.730 -0.020 5 0.730 27.86 2.74 348.0
4.000 3.079 4.000 3.940 5027 KMLOONG 4.000 0.080 42.9 3.988 15.00 3.75 1,247.2 0.110 0.015 0.045 0.040 20 NETX 0.045 Unch 2620.6 0.045 56.3
0.695 0.491 0.540 0.535 1996 KRETAM 0.540 0.005 58.7 0.537 30.86 1.85 1,256.9 0.065 0.035 0.045 0.040 96 NEXGRAM 0.045 Unch 382 0.043 84.7
1.750 1.160 1.430 1.420 6572 KWANTAS 1.430 -0.020 15.1 1.430 8.97 445.7 0.115 0.070 0.080 0.075 26 NOVAMSC 0.075 -0.005 148 0.079 51.2
1.550 1.240 4936 MALPAC 1.320 126.9 99.0 0.685 0.555 0.585 0.585 35 OPCOM 0.585 Unch 32.9 0.585 13.15 94.3
0.963 0.777 0.850 0.840 5026 MHC 0.840 -0.010 30.4 0.843 11.80 1.79 165.1 0.414 0.316 0.355 0.350 40 OPENSYS 0.350 -0.005 305.5 0.352 17.24 2.86 104.3
2.400 2.060 5047 NPC 2.080 7.97 0.48 249.6 0.380 0.125 0.160 0.150 79 ORION 0.155 Unch 663.6 0.154 92.8
4.239 3.735 2038 NSOP 4.100 33.20 1.46 287.8 0.090 0.045 0.065 0.065 5 PALETTE 0.065 Unch 842.5 0.065 12.75 20.8
0.315 0.190 0.240 0.230 1902 PINEPAC 0.235 UNCH 13 0.233 35.2 0.230 0.135 0.185 0.175 123 PRIVA 0.185 Unch 1285.4 0.180 1.08 103.3
1.380 0.920 9695 PLS 1.100 359.4 0.175 0.055 0.135 0.125 7 PUC 0.135 0.005 2375.6 0.130 54.00 166.9
0.550 0.430 0.450 0.440 5113 RSAWIT 0.450 -0.005 85 0.443 638.3 0.945 0.482 0.865 0.860 106 REXIT 0.865 Unch 139.1 0.862 21.79 4.62 163.8
4.100 3.346 2542 RVIEW 3.660 17.66 1.64 237.4 0.375 0.218 0.325 0.315 178 SEDANIA 0.315 -0.005 606 0.317 3.17 71.1
3.180 2.900 3.050 3.040 2569 SBAGAN 3.050 0.010 12 3.042 0.66 202.3 0.190 0.055 0.120 0.115 60 SKH 0.120 0.005 1230.7 0.115 42.86 66.5
0.720 0.505 0.610 0.610 4316 SHCHAN 0.610 -0.010 2 0.610 18.21 73.2 0.300 0.155 0.185 0.185 117 SMRT 0.185 -0.005 58 0.185 61.9
3.965 3.247 3.540 3.500 5126 SOP 3.500 -0.030 105.7 3.524 10.09 1.43 1,997.8 0.110 0.025 0.055 0.050 169 SMTRACK 0.055 Unch 2151.7 0.054 19.1
1.900 1.560 1.590 1.580 5135 SWKPLNT 1.580 UNCH 27.7 1.582 12.22 442.4 0.355 0.232 0.330 0.315 93 SOLUTN 0.315 -0.010 1839.1 0.320 12.40 3.17 96.5
0.730 0.560 0.570 0.560 2054 TDM 0.560 -0.005 309.4 0.565 20.44 0.89 927.4 0.360 0.080 0.215 0.200 129 SRIDGE 0.210 -0.005 1603.9 0.205 25.4
1.207 0.998 1.110 1.100 5112 THPLANT 1.100 -0.020 139.9 1.109 5.88 5.45 972.2 0.400 0.155 0.375 0.360 50 SYSTECH 0.360 -0.010 3861.6 0.363 42.35 0.83 114.2
1.977 1.560 1.700 1.630 9059 TSH 1.700 0.050 2506.5 1.651 61.82 1.18 2,349.1 0.190 0.140 0.155 0.145 132 TDEX 0.150 -0.005 2109.4 0.147 125.0 61.9
6.450 5.330 6.350 6.320 2593 UMCCA 6.350 0.050 5 6.325 15.71 3.15 1,329.2 1.300 0.189 1.190 1.150 120 VIS 1.170 -0.030 998.2 1.164 18.51 0.43 129.5
28.700 25.323 27.800 27.240 2089 UTDPLT 27.800 0.600 2.1 27.292 16.63 1.44 5,786.1 0.244 0.115 0.145 0.140 69 VIVOCOM 0.140 -0.005 7857.6 0.144 12.50 452.8
HOTELS 0.145 0.065 0.105 0.100 66 VSOLAR 0.105 0.005 715.2 0.100 39.2
0.628 0.483 5592 GCE 0.570 3.51 112.3 0.070 0.020 141 WINTONI 0.035 18.0
1.000 0.680 0.870 0.865 1643 LANDMRK 0.865 -0.005 28 0.868 457.5 0.275 0.080 0.230 0.210 86 YGL 0.220 Unch 2512.7 0.221 51.1
0.265 0.115 0.145 0.140 1287 PMHLDG 0.140 -0.005 6497 0.140 130.0 TRADING SERVICES
5.295 4.864 5.050 4.960 5517 SHANG 5.050 0.060 63 4.991 27.87 2.77 2,222.0 0.400 0.150 122 AIM 0.230 61.2
TECHNOLOGY 0.165 0.060 0.115 0.105 48 ANCOMLB 0.115 Unch 272.8 0.110 54.4
0.750 0.585 7031 AMTEL 0.630 30.29 31.0 0.240 0.120 0.135 0.130 150 ASIABIO 0.135 -0.005 614 0.134 34.62 59.6
0.420 0.180 0.320 0.315 5195 CENSOF 0.320 UNCH 949.1 0.317 11.19 160.6 0.275 0.155 0.200 0.195 187 BCMALL 0.200 Unch 1110.9 0.196 25.32 84.3
0.400 0.095 0.295 0.285 51 CUSCAPI 0.290 -0.005 2892 0.288 139.0 0.404 0.302 11 BTECH 0.325 18.90 4.71 81.9
0.729 0.283 0.640 0.620 7204 D&O 0.630 0.005 2071.1 0.629 42.57 628.8 0.320 0.170 157 FOCUSP 0.220 36.3
0.710 0.110 0.430 0.415 8338 DATAPRP 0.415 -0.010 2104 0.419 174.9 1.009 0.386 0.925 0.910 185 HSSEB 0.920 -0.005 1571.7 0.914 18.51 0.68 293.6
0.235 0.150 0.165 0.165 29 DIGISTA 0.165 UNCH 1241.9 0.165 10.71 98.9 0.900 0.520 147 INNITY 0.730 62.39 101.0
1.578 1.304 1.450 1.450 5162 ECS 1.450 UNCH 9 1.450 8.74 4.14 261.0 0.360 0.235 0.255 0.250 180 KTC 0.250 -0.005 1189.3 0.252 35.21 127.6
1.230 0.539 1.160 1.130 65 EFORCE 1.130 -0.010 658.7 1.146 84.33 1.11 467.5 0.350 0.130 0.285 0.275 167 MCLEAN 0.275 0.005 312.2 0.278 23.71 49.2
2.800 1.065 2.800 2.600 90 ELSOFT 2.800 0.210 1871.4 2.744 21.42 1.43 767.6 0.440 0.275 0.300 0.280 81 MEGASUN 0.280 -0.020 189.5 0.288 12.12 61.2
1.870 0.790 1.560 1.520 21 GHLSYS 1.560 0.040 3420.1 1.542 53.24 0.32 1,028.7 0.280 0.165 0.210 0.200 153 OVERSEA 0.200 -0.005 21.6 0.200 95.24 49.3
0.455 0.210 0.355 0.345 82 GPACKET 0.355 0.005 3282.1 0.348 5.24 269.3 0.200 0.115 0.170 0.160 177 PASUKGB 0.165 Unch 939.8 0.165 133.9
0.260 0.175 56 GRANFLO 0.235 2.13 113.5 0.380 0.230 0.300 0.300 6 PINEAPP 0.300 -0.020 1 0.300 187.5 14.6
6.350 2.636 6.130 6.050 7022 GTRONIC 6.110 0.060 3810.8 6.116 63.25 0.65 1,739.9 0.375 0.201 0.355 0.340 171 PLABS 0.345 Unch 3023.4 0.347 19.83 2.03 74.1
0.980 0.510 0.930 0.905 5028 HTPADU 0.915 UNCH 399.1 0.919 10.80 5.46 92.6 0.015 0.005 110 RA 0.005 2.63 4.8
2.580 1.980 2.580 2.510 166 INARI 2.550 0.020 9886.5 2.546 24.33 2.45 5,096.2 0.615 0.280 0.445 0.445 32 REDTONE 0.445 -0.005 59 0.445 337.1
0.435 0.075 0.220 0.210 9393 ITRONIC 0.220 UNCH 200.1 0.215 22.6 1.080 0.298 0.755 0.740 173 REV 0.740 -0.020 395.4 0.747 6.65 99.6
0.688 0.453 0.585 0.580 5161 JCY 0.580 UNCH 930.3 0.581 85.29 8.62 1,204.6 0.726 0.477 0.610 0.605 158 SCC 0.610 0.005 75 0.607 14.02 4.97 86.1
16.300 6.211 16.000 15.560 9334 KESM 15.680 -0.120 83.6 15.754 17.44 0.41 674.5 0.275 0.160 0.205 0.205 161 SCH 0.205 Unch 345.2 0.205 113.89 4.15 84.5
0.160 0.060 0.155 0.150 143 KEYASIC 0.155 0.005 3448.8 0.151 138.0 0.230 0.100 0.170 0.155 140 STERPRO 0.170 0.010 9575 0.163 47.5
14.220 7.086 14.220 13.960 3867 MPI 14.220 0.020 72.1 14.128 15.29 1.90 2,984.6 0.190 0.103 0.180 0.170 80 STRAITS 0.175 -0.010 1583.8 0.175 67.31 64.4
1.410 0.845 1.340 1.330 5011 MSNIAGA 1.330 0.010 10.5 1.335 20.09 80.3 1.430 0.955 1.300 1.260 89 TEXCYCL 1.280 0.010 89.7 1.283 13.66 0.39 218.6
1.327 0.343 1.260 1.200 83 NOTION 1.220 -0.010 2233.3 1.217 31.85 2.05 403.4 0.230 0.100 0.195 0.170 145 TFP 0.185 0.010 3252.3 0.182 37.9
0.605 0.430 0.485 0.455 9008 OMESTI 0.470 UNCH 140.4 0.465 202.4 0.165 0.095 0.110 0.105 165 XOX 0.110 0.005 618.3 0.107 93.7
0.375 0.260 0.285 0.285 41 PANPAGE 0.285 -0.005 205.1 0.285 75.7 FINANCE
4.380 0.900 4.380 4.100 7160 PENTA 4.270 0.160 2509.7 4.264 19.91 625.8 0.810 0.386 0.685 0.675 53 OSKVI 0.685 0.005 77.4 0.676 4.84 2.92 135.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.130 0.075 0.095 0.090 539836 GAMUDA-C36 0.095 Unch 210 5.380 5.350 6.51 08/12/2017
Main Market & Ace Market Warrants 1.480 1.130 1.380 1.370 5398WE GAMUDA-WE 1.370 Unch 643.1 5.380 4.050 0.74 06/03/2021
0.455 0.120 0.360 0.345 5226WA GBGAQRS-WA 0.350 -0.005 3224.6 1.510 1.300 9.27 20/07/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.330 0.100 0.200 0.190 0078CD GDEX-CD 0.190 -0.010 2390.3 0.690 0.600 7.61 31/10/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.125 0.095 0.100 0.100 0078CF GDEX-CF 0.100 Unch 5 0.690 0.650 15.94 02/02/2018
0.185 0.030 0.030 0.030 5238C6 AAX-C6 0.030 Unch 200 0.395 0.380 3.80 16/08/2017 0.095 0.055 0.075 0.075 0078CG GDEX-CG 0.075 Unch 25 0.690 0.800 28.99 22/01/2018
0.165 0.045 0.050 0.045 5238C7 AAX-C7 0.045 -0.010 970.2 0.395 0.430 20.25 31/10/2017 0.572 0.117 0.500 0.495 0078WB GDEX-WB 0.495 -0.015 827 0.690 0.383 27.17 05/02/2020
0.060 0.035 0.035 0.035 5238C8 AAX-C8 0.035 Unch 200 0.395 0.550 48.10 29/12/2017 0.345 0.145 0.235 0.220 471523 GENM-C23 0.230 -0.015 120 5.990 5.500 4.11 29/09/2017
0.320 0.160 0.215 0.210 5238WA AAX-WA 0.210 -0.005 1735.9 0.395 0.460 69.62 08/06/2020 0.300 0.130 0.225 0.220 471524 GENM-C24 0.225 -0.020 100 5.990 5.500 4.97 29/12/2017
0.120 0.035 0.080 0.080 7146WA AEM-WA 0.080 -0.010 500 0.180 0.250 83.33 17/12/2019 0.180 0.155 0.170 0.155 471526 GENM-C26 0.160 0.005 81 5.990 5.900 10.52 02/02/2018
0.465 0.110 0.465 0.435 5139CB AEONCR-CB 0.435 -0.030 63.1 13.700 11.000 1.46 16/10/2017 3.850 2.540 2.800 2.790 2291WA GENP-WA 2.790 -0.110 3 10.680 7.750 -1.31 17/06/2019
0.330 0.050 0.245 0.175 7315WB AHB-WB 0.195 -0.060 19647.1 0.300 0.200 31.67 28/08/2019 0.180 0.070 0.115 0.115 318242 GENTINGC42 0.115 -0.010 50 9.640 9.500 5.71 29/12/2017
0.180 0.075 0.125 0.125 509943 AIRASIAC43 0.125 0.015 15 3.280 2.880 3.05 28/08/2017 0.180 0.055 0.090 0.090 318244 GENTINGC44 0.090 Unch 60 9.640 10.300 11.05 31/10/2017
0.330 0.070 0.260 0.230 509947 AIRASIAC47 0.250 -0.010 695.5 3.280 2.600 2.13 31/10/2017 1.950 1.240 1.720 1.690 3182WA GENTING-WA 1.690 -0.030 314.1 9.640 7.960 0.10 18/12/2018
0.190 0.075 0.095 0.095 509948 AIRASIAC48 0.095 0.005 30 3.280 3.000 1.60 16/08/2017 0.230 0.070 0.140 0.130 1147WA GOB-WA 0.135 Unch 327.6 0.375 0.800 149.33 24/12/2019
0.235 0.110 0.140 0.135 509952 AIRASIAC52 0.140 0.005 2040 3.280 3.200 10.37 31/10/2017 0.085 0.025 0.055 0.055 0074WA GOCEAN-WA 0.055 Unch 100 0.170 0.340 132.35 07/08/2019
0.200 0.090 0.145 0.135 509953 AIRASIAC53 0.140 Unch 460 3.280 3.200 10.37 02/02/2018 0.055 0.025 0.035 0.030 7096WA GPA-WA 0.035 Unch 300.2 0.105 0.100 28.57 03/06/2025
0.180 0.060 0.090 0.080 509954 AIRASIAC54 0.090 0.010 4937.1 3.280 3.600 17.16 31/10/2017 0.460 0.110 0.370 0.335 3034CU HAPSENG-CU 0.335 -0.040 51 9.010 7.650 -0.22 30/08/2017
0.150 0.085 0.100 0.100 509955 AIRASIAC55 0.100 0.015 7 3.280 4.000 30.18 29/12/2017 0.400 0.130 0.355 0.355 5168CX HARTA-CX 0.355 -0.005 10 7.150 5.120 1.40 31/10/2017
0.210 0.135 0.170 0.170 509956 AIRASIAC56 0.170 0.005 50 3.280 2.900 10.18 29/12/2017 0.165 0.135 0.165 0.155 5168CZ HARTA-CZ 0.155 -0.005 172 7.150 7.500 16.82 12/02/2018
0.420 0.160 0.315 0.305 7609WA AJIYA-WA 0.315 0.010 450.4 0.770 0.920 60.39 28/08/2021 1.450 0.830 1.450 1.400 5095WB HEVEA-WB 1.430 0.010 391.5 1.680 0.250 0.00 28/02/2020
0.135 0.115 0.120 0.115 1015C1 AMBANK-C1 0.115 -0.015 150 4.940 5.000 8.20 30/04/2018 0.220 0.075 0.190 0.180 5072WB HIAPTEK-WB 0.180 -0.005 3620.6 0.400 0.500 70.00 23/06/2021
0.610 0.085 0.300 0.285 1015CX AMBANK-CX 0.285 -0.025 379 4.940 4.150 -1.57 29/09/2017 0.530 0.265 0.335 0.330 5169WA HOHUP-WA 0.335 0.005 184 0.770 0.600 21.43 21/12/2018
0.440 0.150 0.165 0.150 1015CY AMBANK-CY 0.155 -0.015 71 4.940 5.000 9.06 31/10/2017 0.390 0.270 0.325 0.315 5160WA HOMERIZ-WA 0.325 0.015 196.4 0.960 0.920 29.69 09/07/2020
0.100 0.030 0.030 0.030 1015CZ AMBANK-CZ 0.030 -0.005 462.2 4.940 6.000 24.80 30/11/2017 0.230 0.115 0.170 0.170 7213WB HOVID-WB 0.170 Unch 413.7 0.335 0.180 4.48 05/06/2018
0.045 0.005 0.015 0.010 0159WA AMEDIA-WA 0.010 Unch 4736.1 0.100 1.100 1,010 02/01/2018 0.050 0.010 0.015 0.010 7013WA HUBLINE-WA 0.015 0.005 62.4 0.060 3.200 5,258 04/11/2019
0.315 0.140 0.160 0.155 6556CC ANNJOO-CC 0.155 -0.005 1200 3.040 2.800 9.95 31/10/2017 0.045 0.015 0.025 0.025 9601WD HWGB-WD 0.025 0.005 0.1 0.050 0.080 110.00 15/03/2021
0.270 0.130 0.130 0.130 6556CD ANNJOO-CD 0.130 Unch 30 3.040 3.000 13.65 08/12/2017 0.235 0.155 0.180 0.165 4251WA IBHD-WA 0.170 -0.010 44.9 0.585 1.410 170.09 08/10/2019
0.275 0.040 0.050 0.050 9342WA ANZO-WA 0.050 Unch 17.4 0.110 0.250 172.73 19/11/2019 0.055 0.015 0.030 0.030 0174WA IDMENSN-WA 0.030 Unch 27.5 0.060 0.100 116.67 14/07/2020
0.265 0.045 0.065 0.065 9342WB ANZO-WB 0.065 Unch 1 0.110 0.250 186.36 25/08/2023 0.195 0.055 0.100 0.100 3336C5 IJM-C5 0.100 Unch 148.6 3.480 3.500 4.89 29/12/2017
0.335 0.085 0.250 0.250 0119WA APPASIA-WA 0.250 Unch 185 0.355 0.130 7.04 23/12/2024 0.280 0.070 0.280 0.245 0166C1 INARI-C1 0.275 0.010 202 2.550 2.100 3.92 29/09/2017
0.100 0.070 0.070 0.070 521028 ARMADA-C28 0.070 Unch 20 0.695 0.750 18.99 30/01/2018 0.250 0.075 0.250 0.225 0166C2 INARI-C2 0.245 0.010 685 2.550 2.150 3.53 08/12/2017
0.350 0.060 0.075 0.075 0068WB ASDION-WB 0.075 Unch 11 0.185 0.500 210.81 24/03/2019 0.155 0.150 0.155 0.150 0166C3 INARI-C3 0.155 Unch 46 2.550 2.600 15.94 30/01/2018
0.155 0.055 0.100 0.100 0105WA ASIAPLY-WA 0.100 Unch 30 0.190 0.100 5.26 13/12/2020 0.525 0.165 0.525 0.495 0166CZ INARI-CZ 0.525 0.030 61 2.550 1.800 1.47 29/12/2017
0.075 0.030 0.030 0.030 6399C2 ASTRO-C2 0.030 Unch 130 2.540 2.950 19.69 30/11/2017 2.500 1.351 2.500 2.400 0166WA INARI-WA 2.500 0.200 4 2.550 0.132 3.22 04/06/2018
0.090 0.040 0.040 0.040 6399C3 ASTRO-C3 0.040 Unch 150 2.540 2.900 17.32 22/12/2017 1.770 1.300 1.770 1.720 0166WB INARI-WB 1.770 0.060 392.7 2.550 0.800 0.78 17/02/2020
0.765 0.095 0.290 0.275 7099WB ATTA-WB 0.280 Unch 847.7 1.060 1.000 20.75 09/05/2022 0.045 0.015 0.030 0.030 0094WA INIX-WA 0.030 Unch 23.9 0.065 0.100 100.00 16/11/2020
0.810 0.275 0.275 0.275 7099WC ATTA-WC 0.275 -0.015 25 1.060 1.000 20.28 18/11/2024 0.545 0.160 0.500 0.485 3379WB INSAS-WB 0.495 0.005 4156.4 1.070 1.000 39.72 25/02/2020
0.040 0.020 0.025 0.025 0072WB AT-WB 0.025 Unch 900 0.040 0.030 37.50 17/10/2019 0.180 0.060 0.065 0.060 196113 IOICORP-C13 0.065 Unch 38.3 4.470 4.400 2.80 31/10/2017
0.260 0.070 0.090 0.085 688815 AXIATA-C15 0.090 Unch 140 4.630 4.650 6.26 31/10/2017 0.070 0.020 0.045 0.040 7183WA IRETEX-WA 0.045 Unch 286.8 0.180 0.800 369.44 10/06/2019
0.730 0.210 0.595 0.585 7078WA AZRB-WA 0.585 -0.010 22.7 1.130 0.700 13.72 13/05/2024 0.070 0.020 0.055 0.055 0024WA JAG-WA 0.055 Unch 986.1 0.140 0.100 10.71 14/08/2019
0.120 0.030 0.030 0.030 5248CR BAUTO-CR 0.030 Unch 47.7 1.950 2.100 10.77 29/12/2017 0.120 0.035 0.040 0.035 5161C2 JCY-C2 0.035 -0.005 1034.2 0.580 0.635 15.52 16/10/2017
0.170 0.100 0.110 0.105 7241WA BHS-WA 0.110 0.010 10.1 0.390 0.600 82.05 18/10/2020 0.170 0.045 0.085 0.080 9083WB JETSON-WB 0.080 -0.010 1218.6 0.285 0.750 191.23 06/02/2019
0.160 0.060 0.060 0.060 5258CU BIMB-CU 0.060 Unch 125 4.400 4.500 7.73 18/09/2017 0.110 0.060 0.080 0.080 8923WA JIANKUN-WA 0.080 Unch 22.9 0.270 0.320 48.15 23/12/2021
0.450 0.260 0.350 0.345 5258WA BIMB-WA 0.345 Unch 269 4.400 4.720 15.11 04/12/2023 0.830 0.205 0.670 0.655 7167WA JOHOTIN-WA 0.670 0.005 47.5 1.500 0.850 1.33 21/11/2017
0.230 0.095 0.140 0.140 0179WA BIOHLDG-WA 0.140 Unch 190 0.245 0.220 46.94 05/01/2022 0.090 0.015 0.020 0.020 4383CN JTIASA-CN 0.020 Unch 50 1.140 1.350 21.05 16/10/2017
0.160 0.060 0.085 0.085 3395WB BJCORP-WB 0.085 Unch 132.3 0.330 1.000 228.79 22/04/2022 0.225 0.110 0.150 0.140 0170WA KANGER-WA 0.145 0.005 60 0.220 0.100 11.36 13/04/2020
0.175 0.050 0.105 0.105 3395WC BJCORP-WC 0.105 Unch 180 0.330 1.000 234.85 29/05/2026 0.105 0.040 0.050 0.045 5247C1 KAREX-C1 0.045 -0.010 20.1 1.620 1.950 28.70 28/12/2017
0.370 0.035 0.335 0.315 7187WA BKOON-WA 0.330 Unch 1827.9 0.530 0.200 0.00 07/07/2023 0.200 0.025 0.035 0.035 5247CZ KAREX-CZ 0.035 -0.005 20 1.620 2.200 40.12 02/02/2018
0.081 0.040 0.045 0.045 7036WC BORNOIL-WC 0.045 -0.005 1379 0.105 0.070 9.52 08/11/2025 0.035 0.010 0.025 0.020 3115WC KBUNAI-WC 0.025 Unch 4125.1 0.065 0.131 140.00 20/10/2023
0.065 0.045 0.045 0.045 7036WD BORNOIL-WD 0.045 -0.005 155.7 0.105 0.070 9.52 29/05/2027 0.465 0.070 0.420 0.395 7161CA KERJAYA-CA 0.395 -0.010 312.4 3.560 2.600 0.77 29/09/2017
0.660 0.450 0.550 0.455 6297WA BOXPAK-WA 0.485 -0.025 160.1 1.690 2.040 49.41 13/03/2022 0.150 0.070 0.130 0.115 7161CB KERJAYA-CB 0.125 0.005 969 3.560 3.350 9.90 30/11/2017
0.120 0.060 0.065 0.060 9938WB BRIGHT-WB 0.060 Unch 319.2 0.315 0.820 179.37 12/01/2019 2.810 1.090 2.690 2.680 7161WA KERJAYA-WA 2.680 -0.040 10 3.560 0.880 0.00 20/12/2017
0.435 0.060 0.335 0.300 181811 BURSA-C11 0.325 -0.005 828.6 10.620 8.900 -0.89 30/11/2017 0.490 0.060 0.415 0.395 0151WA KGB-WA 0.405 -0.005 645.8 0.655 0.500 38.17 12/06/2019
0.315 0.095 0.170 0.150 181812 BURSA-C12 0.150 -0.005 53 10.620 10.500 5.23 30/11/2017 0.035 0.003 0.010 0.005 0036WA KGROUP-WA 0.010 -0.005 700 0.035 0.100 214.29 02/07/2018
0.150 0.090 0.150 0.135 181813 BURSA-C13 0.135 Unch 138 10.620 10.500 5.23 30/03/2018 0.030 0.010 0.020 0.015 0036WB KGROUP-WB 0.015 Unch 2563.3 0.035 0.050 85.71 01/05/2020
2.550 0.950 2.380 2.300 7174WA CAB-WA 2.370 0.020 45 2.930 0.550 -0.34 08/02/2020 0.880 0.620 0.710 0.700 5171WA KIMLUN-WA 0.700 -0.005 45.4 2.340 1.680 1.71 12/03/2024
0.220 0.045 0.135 0.135 5195WB CENSOF-WB 0.135 Unch 665.7 0.320 0.460 85.94 07/10/2019 0.075 0.005 0.005 0.005 7164WA KNM-WA 0.005 Unch 453 0.245 0.980 302.04 15/11/2017
0.310 0.100 0.235 0.215 102321 CIMB-C21 0.225 0.015 430 6.640 6.200 5.23 31/10/2017 0.150 0.070 0.085 0.075 7164WB KNM-WB 0.075 -0.005 272 0.245 1.000 338.78 21/04/2020
0.335 0.150 0.290 0.275 102322 CIMB-C22 0.275 0.010 1025.6 6.640 5.700 2.41 24/11/2017 0.160 0.070 0.105 0.085 7017WB KOMARK-WB 0.095 0.015 2428.8 0.260 0.300 51.92 21/01/2020
0.175 0.170 0.175 0.175 102323 CIMB-C23 0.175 0.005 78 6.640 6.500 12.39 02/02/2018 1.400 0.410 1.260 1.220 5878WB KPJ-WB 1.250 Unch 195 4.160 4.010 26.44 23/01/2019
0.155 0.085 0.145 0.130 102324 CIMB-C24 0.135 0.005 2364.1 6.640 7.000 13.55 28/12/2017 0.085 0.015 0.015 0.015 3794CC LAFMSIA-CC 0.015 -0.005 50 5.750 7.000 23.04 02/02/2018
0.170 0.015 0.030 0.015 2852C5 CMSB-C5 0.020 0.005 320 3.890 4.000 4.88 16/08/2017 0.130 0.055 0.055 0.055 5789CA LBS-CA 0.055 -0.020 100 1.970 2.100 12.18 24/11/2017
0.205 0.040 0.145 0.145 0102WA CONNECT-WA 0.145 -0.005 319.5 0.240 0.100 2.08 17/09/2021 1.090 0.580 0.930 0.930 5789WA LBS-WA 0.930 -0.005 1 1.970 1.000 -2.03 11/06/2018
0.205 0.035 0.140 0.135 0102WB CONNECT-WB 0.140 0.005 100 0.240 0.100 0.00 07/06/2021 0.835 0.370 0.720 0.685 5789WB LBS-WB 0.720 0.030 14 1.970 1.250 0.00 04/10/2020
0.250 0.025 0.155 0.150 0051WA CUSCAPI-WA 0.155 Unch 372 0.290 0.270 46.55 24/04/2018 0.260 0.110 0.110 0.110 5284CC LCTITAN-CC 0.110 -0.015 54 6.130 7.500 27.73 30/01/2018
0.470 0.340 0.355 0.345 5276WA DANCO-WA 0.355 -0.005 5.1 0.625 0.300 4.80 22/05/2022 0.465 0.395 0.395 0.395 5284CE LCTITAN-CE 0.395 -0.070 10 6.130 5.500 9.05 30/01/2018
0.035 0.005 0.015 0.015 7179WB DBE-WB 0.015 Unch 1486.1 0.025 0.050 160.00 22/01/2022 0.095 0.045 0.050 0.045 5284CG LCTITAN-CG 0.045 -0.050 346.5 6.130 6.500 10.44 30/04/2018
0.030 0.005 0.010 0.010 0152WA DGB-WA 0.010 Unch 600 0.050 0.110 140.00 22/04/2018 0.250 0.150 0.185 0.180 7126WA LONBISC-WA 0.185 Unch 68.9 0.745 1.000 59.06 26/01/2020
0.095 0.060 0.060 0.060 727714 DIALOG-C14 0.060 Unch 10 1.920 2.000 10.42 31/10/2017 0.095 0.020 0.060 0.060 5068WA LUSTER-WA 0.060 Unch 100 0.120 0.100 33.33 03/06/2022
0.105 0.060 0.070 0.070 727715 DIALOG-C15 0.070 Unch 600 1.920 1.850 7.29 31/10/2017 0.095 0.020 0.065 0.060 5068WB LUSTER-WB 0.060 -0.005 518.5 0.120 0.100 33.33 26/05/2023
0.200 0.105 0.135 0.115 727717 DIALOG-C17 0.125 -0.025 59.6 1.920 1.900 5.47 02/02/2018 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 Unch 863.8 0.085 0.100 64.71 21/08/2019
0.100 0.020 0.035 0.030 694719 DIGI-C19 0.035 0.005 432.4 4.800 5.100 7.71 02/02/2018 0.750 0.275 0.630 0.620 7617WB MAGNA-WB 0.625 0.020 273.7 1.520 0.900 0.33 04/09/2020
0.370 0.045 0.300 0.295 4456WD DNEX-WD 0.295 -0.005 18407.1 0.590 0.500 34.75 30/07/2021 0.085 0.085 0.085 0.085 3859C2 MAGNUM-C2 0.085 Unch 10 1.720 1.800 14.53 22/01/2018
0.140 0.060 0.095 0.090 7114WA DNONCE-WA 0.095 Unch 51.8 0.285 0.250 21.05 25/11/2020 0.100 0.005 0.005 0.005 5264CT MALAKOF-CT 0.005 Unch 100 1.030 1.500 46.12 31/10/2017
0.145 0.055 0.070 0.065 5265WA DOLPHIN-WA 0.070 0.005 2367.8 0.255 0.800 241.18 29/03/2021 0.990 0.085 0.475 0.455 6181WB MALTON-WB 0.465 0.005 2663.8 1.170 1.000 25.21 29/06/2018
0.340 0.180 0.305 0.285 7169WA DOMINAN-WA 0.305 -0.005 242.3 1.260 1.300 27.38 10/09/2020 0.630 0.350 0.495 0.480 5236WA MATRIX-WA 0.495 Unch 26.8 2.720 2.400 6.43 20/07/2020
0.040 0.010 0.015 0.010 7198WA DPS-WA 0.010 -0.005 30 0.090 0.540 511.11 03/01/2018 0.230 0.140 0.185 0.185 115528 MAYBANKC28 0.185 -0.005 100 9.640 9.500 4.69 31/10/2017
0.260 0.030 0.105 0.095 161926 DRBHCOMC26 0.095 -0.015 485.5 1.680 1.550 0.74 30/08/2017 0.230 0.115 0.185 0.185 115529 MAYBANKC29 0.185 Unch 40 9.640 9.000 2.00 16/10/2017
0.330 0.105 0.245 0.245 161929 DRBHCOMC29 0.245 -0.005 50 1.680 1.200 0.60 16/08/2017 0.190 0.145 0.145 0.145 115531 MAYBANKC31 0.145 Unch 160 9.640 9.500 3.06 28/02/2018
0.180 0.060 0.090 0.090 161932 DRBHCOMC32 0.090 -0.005 5 1.680 1.450 1.31 30/08/2017 0.585 0.345 0.495 0.460 5152WA MBL-WA 0.490 0.040 256.8 1.080 0.800 19.44 28/11/2022
0.195 0.060 0.115 0.110 161933 DRBHCOMC33 0.115 0.005 877 1.680 1.650 11.90 31/10/2017 0.230 0.110 0.135 0.125 1171C2 MBSB-C2 0.135 Unch 90.1 1.260 1.300 13.89 02/02/2018
0.075 0.070 0.070 0.070 161939 DRBHCOMC39 0.070 -0.005 20 1.680 1.880 24.40 30/03/2018 0.130 0.070 0.070 0.070 1171CX MBSB-CX 0.070 -0.010 150 1.260 1.300 14.29 28/11/2017
0.135 0.045 0.050 0.050 5216CV DSONIC-CV 0.050 -0.010 500 1.170 1.300 19.66 31/10/2017 0.090 0.040 0.045 0.040 1171CY MBSB-CY 0.045 -0.005 1063.1 1.260 1.250 9.92 29/09/2017
0.080 0.060 0.065 0.065 5216CX DSONIC-CX 0.065 Unch 80 1.170 1.250 20.73 30/01/2018 0.080 0.035 0.040 0.040 1171CZ MBSB-CZ 0.040 Unch 100 1.260 1.450 23.02 30/11/2017
0.070 0.060 0.065 0.065 5216CY DSONIC-CY 0.065 -0.005 119 1.170 1.300 22.22 30/03/2018 0.260 0.040 0.155 0.140 0167WB MCLEAN-WB 0.150 Unch 36.4 0.275 0.250 45.45 07/10/2020
0.320 0.120 0.205 0.180 3417WB E&O-WB 0.195 0.005 450.7 1.660 2.600 68.37 21/07/2019 0.135 0.060 0.100 0.100 5040WA MEDAINC-WA 0.100 0.025 1 0.445 0.500 34.83 13/08/2021
0.195 0.090 0.145 0.130 3557WC ECOFIRS-WC 0.145 Unch 5.6 0.290 0.300 53.45 10/09/2019 0.365 0.140 0.235 0.210 1694WB MENANG-WB 0.230 0.010 1660.5 0.860 1.000 43.02 09/07/2019
0.150 0.080 0.135 0.135 5253CA ECONBHD-CA 0.135 -0.005 216.1 2.730 2.500 6.41 30/11/2017 0.180 0.095 0.180 0.150 0075WA MEXTER-WA 0.175 0.025 10183.4 0.310 0.130 -1.61 17/09/2018
0.170 0.095 0.120 0.115 8206CG ECOWLD-CG 0.120 Unch 368.5 1.610 1.500 8.07 30/11/2017 2.330 0.420 2.020 1.980 3069WA MFCB-WA 1.980 -0.020 181.1 3.860 2.220 8.81 08/04/2020
0.175 0.090 0.120 0.120 8206CH ECOWLD-CH 0.120 0.005 300 1.610 1.600 10.56 08/12/2017 0.050 0.020 0.040 0.040 7219WA MINETEC-WA 0.040 -0.005 35 0.135 0.150 40.74 27/11/2019
0.710 0.365 0.520 0.510 8206WA ECOWLD-WA 0.510 -0.005 141.8 1.610 2.080 60.87 26/03/2022 0.355 0.175 0.205 0.195 5576WC MINHO-WC 0.205 0.005 21.1 0.560 0.500 25.89 02/08/2021
0.140 0.045 0.060 0.050 0107WA EDUSPEC-WA 0.060 0.005 438.4 0.140 0.180 71.43 24/12/2018 0.625 0.365 0.525 0.515 9571WD MITRA-WD 0.525 0.010 87.2 1.360 1.090 18.75 23/08/2020
0.945 0.360 0.820 0.800 0065WA EFORCE-WA 0.810 Unch 73.8 1.130 0.340 1.77 17/07/2019 1.125 0.710 0.720 0.710 6114WB MKH-WB 0.710 -0.025 6.1 2.270 1.550 -0.44 29/12/2017
0.670 0.415 0.440 0.435 8907WC EG-WC 0.440 Unch 127 0.830 0.500 13.25 03/11/2020 0.115 0.020 0.065 0.050 0085WA MLAB-WA 0.050 -0.010 9512.8 0.155 0.100 -3.23 24/04/2020
0.030 0.005 0.020 0.015 7182WA EKA-WA 0.015 Unch 7 0.075 0.200 186.67 22/01/2019 0.880 0.230 0.825 0.800 7595WA MLGLOBAL-WA 0.820 0.005 180.4 1.300 0.500 1.54 27/10/2019
0.140 0.025 0.040 0.030 8877CA EKOVEST-CA 0.030 -0.010 5581.4 1.110 1.600 48.20 08/12/2017 0.070 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 25 0.050 0.100 150.00 21/11/2021
0.145 0.085 0.105 0.105 8877CB EKOVEST-CB 0.105 -0.005 100 1.110 1.400 45.05 08/01/2018 0.180 0.005 0.005 0.005 165113 MRCB-C13 0.005 Unch 1060 1.260 1.550 24.01 30/08/2017
0.090 0.045 0.060 0.060 8877CC EKOVEST-CC 0.060 Unch 2324.4 1.110 1.300 30.63 28/12/2017 0.100 0.015 0.015 0.015 165114 MRCB-C14 0.015 Unch 1797.7 1.260 1.900 53.77 31/10/2017
1.350 0.247 0.835 0.825 8877WB EKOVEST-WB 0.830 -0.015 1281.7 1.110 0.480 18.02 25/06/2019 0.135 0.025 0.030 0.025 165115 MRCB-C15 0.025 -0.005 613 1.260 1.800 45.83 24/11/2017
0.300 0.010 0.160 0.060 7149WA ENGKAH-WA 0.160 Unch 1.3 1.520 3.500 140.79 25/09/2017 0.060 0.025 0.030 0.025 165116 MRCB-C16 0.030 Unch 2987.6 1.260 2.100 74.29 29/12/2017
0.630 0.310 0.445 0.435 5056WA ENGTEX-WA 0.440 -0.010 275.8 1.280 0.830 -0.78 25/10/2017 0.390 0.015 0.015 0.015 1651C9 MRCB-C9 0.015 -0.005 800.7 1.260 1.450 16.27 30/08/2017
0.060 0.045 0.045 0.045 5283CB EWINT-CB 0.045 -0.015 100 1.100 1.280 24.55 02/02/2018 0.175 0.085 0.105 0.095 1651WA MRCB-WA 0.095 -0.010 20787 1.260 2.300 90.08 14/09/2018
0.075 0.030 0.030 0.030 5283CD EWINT-CD 0.030 -0.020 50 1.100 1.450 37.27 02/02/2018 0.080 0.010 0.020 0.015 0092WA MTOUCHE-WA 0.015 -0.005 251 0.625 1.260 104.0 17/01/2018
0.060 0.025 0.025 0.025 5283CE EWINT-CE 0.025 Unch 110 1.100 1.350 28.41 30/11/2017 0.220 0.030 0.145 0.130 0092WB MTOUCHE-WB 0.135 -0.005 1624.6 0.625 0.540 8.00 16/03/2020
0.080 0.060 0.070 0.065 5283CF EWINT-CF 0.070 Unch 150 1.100 1.050 11.36 28/12/2017 0.370 0.105 0.250 0.250 5703CD MUHIBAH-CD 0.250 0.010 30 2.850 2.600 2.92 29/12/2017
0.450 0.280 0.285 0.280 5283WA EWINT-WA 0.285 Unch 791.6 1.100 1.450 57.73 02/04/2022 0.230 0.115 0.160 0.160 13812 MYEG-C12 0.160 Unch 33.3 2.140 1.500 0.00 18/09/2017
0.570 0.100 0.515 0.505 7047WB FAJAR-WB 0.505 -0.005 741.6 0.955 0.700 26.18 24/09/2019 0.190 0.075 0.095 0.095 13815 MYEG-C15 0.095 Unch 750 2.140 2.000 6.33 29/09/2017
0.180 0.115 0.140 0.140 06501R FBMKLCI-C1R 0.140 Unch 40 1,767 1,670 0.05 29/09/2017 0.255 0.100 0.140 0.135 13816 MYEG-C16 0.140 0.005 289.1 2.140 2.000 6.54 02/02/2018
0.350 0.230 0.245 0.240 06501V FBMKLCI-C1V 0.245 0.010 302.6 1,767 1,760 3.07 29/09/2017 0.120 0.090 0.090 0.090 13820 MYEG-C20 0.090 -0.015 200 2.140 2.600 29.91 22/01/2018
0.080 0.040 0.040 0.040 06501X FBMKLCI-C1X 0.040 -0.005 796.8 1,767 1,765 1.47 30/11/2017 0.070 0.070 0.070 0.070 13821 MYEG-C21 0.070 Unch 50 2.140 2.280 19.63 30/03/2018
0.100 0.010 0.010 0.010 06502W FBMKLCI-H2W 0.010 -0.005 40 1,767 1,715 -2.55 31/10/2017 0.195 0.065 0.105 0.100 0138C7 MYEG-C7 0.105 -0.010 641.8 2.140 1.867 0.31 22/08/2017
0.160 0.055 0.055 0.055 06502Z FBMKLCI-H2Z 0.055 Unch 830.9 1,767 1,765 2.06 30/11/2017 0.065 0.005 0.025 0.020 0020WB NETX-WB 0.025 -0.005 1392 0.045 0.050 66.67 08/06/2019
0.120 0.090 0.090 0.090 06504C FBMKLCI-H4C 0.090 Unch 120 1,767 1,785 4.58 29/12/2017 0.025 0.010 0.015 0.015 0096WB NEXGRAM-WB 0.015 -0.005 4.9 0.045 0.260 511.1 21/07/2023
0.160 0.005 0.005 0.005 522221 FGV-C21 0.005 Unch 4303 1.630 2.550 57.06 30/08/2017 0.415 0.190 0.310 0.305 0172WA OCK-WA 0.305 Unch 846.5 0.905 0.710 12.15 15/12/2020
0.070 0.020 0.020 0.020 522225 FGV-C25 0.020 -0.005 105.6 1.630 2.600 63.19 31/10/2017 0.255 0.060 0.155 0.155 7071WC OCR-WC 0.155 -0.005 20 0.570 0.500 14.91 24/07/2021
0.135 0.025 0.030 0.025 522226 FGV-C26 0.030 Unch 614.1 1.630 2.200 39.75 31/10/2017 0.185 0.165 0.170 0.170 5201CA OLDTOWN-CA 0.170 Unch 20 2.800 2.800 18.21 02/02/2018
0.085 0.015 0.025 0.020 522227 FGV-C27 0.020 -0.005 1272.1 1.630 2.450 53.37 16/10/2017 0.185 0.155 0.155 0.155 5201CB OLDTOWN-CB 0.155 Unch 13 2.800 3.000 23.75 22/01/2018
0.155 0.055 0.055 0.055 522228 FGV-C28 0.055 -0.005 108 1.630 2.050 34.20 02/02/2018 0.280 0.045 0.055 0.055 9008WB OMESTI-WB 0.055 Unch 65.3 0.470 0.500 18.09 30/05/2018
0.130 0.065 0.080 0.070 522229 FGV-C29 0.080 0.010 159 1.630 2.100 41.10 08/01/2018 0.370 0.195 0.280 0.265 5053WC OSK-WC 0.270 -0.005 144.7 1.570 1.800 31.85 22/07/2020
0.195 0.115 0.130 0.125 522230 FGV-C30 0.125 -0.005 1477.8 1.630 1.600 19.63 28/12/2017 0.210 0.080 0.185 0.180 7052CI PADINI-CI 0.185 0.010 1305 3.640 2.800 2.34 29/09/2017
0.145 0.100 0.125 0.110 522231 FGV-C31 0.115 -0.005 1541.8 1.630 1.630 17.64 30/03/2018 0.050 0.025 0.030 0.030 0005WA PALETTE-WA 0.030 Unch 28.6 0.065 0.040 7.69 20/03/2018
0.090 0.090 0.090 0.090 522237 FGV-C37 0.090 Unch 3460.2 1.630 1.900 29.26 30/01/2018 0.300 0.080 0.260 0.250 5125WA PANTECH-WA 0.260 0.005 1337 0.665 0.500 14.29 21/12/2020
0.130 0.065 0.090 0.090 9318WB FITTERS-WB 0.090 Unch 2 0.405 1.000 169.14 12/10/2019 0.300 0.105 0.280 0.265 5125WB PANTECH-WB 0.275 Unch 1880 0.665 0.500 16.54 21/12/2021
0.260 0.030 0.220 0.220 0116WC FOCUS-WC 0.220 Unch 20 0.255 0.050 5.88 06/11/2019 0.270 0.145 0.170 0.170 5022WA PAOS-WA 0.170 Unch 25 0.570 0.500 17.54 14/12/2021
0.740 0.230 0.610 0.600 9261WB GADANG-WB 0.605 -0.005 2857.6 0.605 1.060 175.21 29/11/2021 0.100 0.045 0.045 0.045 129514 PBBANK-C14 0.045 -0.005 1530 20.540 21.000 3.99 29/09/2017
0.210 0.075 0.170 0.165 539831 GAMUDA-C31 0.170 Unch 505 5.380 4.900 0.56 29/09/2017 0.130 0.115 0.130 0.125 129515 PBBANK-C15 0.130 0.010 471.7 20.540 20.300 2.00 30/04/2018
MONDAY JU LY 3 1 , 20 17 T HE ED G E FINA NCIA L DA ILY
Markets 2 9
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

Japan Tech shares drop sharply; post
second weekly drop
TOKYO: Japans Nikkei share average
fell last Friday after tech shares dropped
sharply following weakness on the Nasdaq
market, while investors stayed cautious as
the dollar slipped against the yen.
Semiconductor equipment makers
tumbled, with Tokyo Electron Ltd diving
7.2% and Advantest Corp declining 5%,
together contributing a hefty 53 negative
points to the Nikkei benchmark.
The Nikkei dropped 0.6% to 19,959.84.
For the week, it declined 0.7%, falling for
a second week.
The broader Topix shed 0.4% to
1,621.22, with turnover hitting a six-week
high of 2.77 trillion.
Investor sentiment was also hurt by the
resignation of Defence Minister Tomomi
Inada over a series of gaffes, missteps
and a cover-up at her ministry that have
contributed to a sharp plunge in public
support for Prime Minister Shinzo Abe.
The Japanese markets upside has
been capped partly due to Abes falling
support rate, said Masashi Oda, general
manager at strategic department at
Sumitomo Mitsui Trust Asset Management.
Over the past few weeks, the suspicion
of scandal over favouritism for a friends
business and missteps by cabinet ministers
have taken a toll on Abe, who until recently
was favoured to win a third three-year term
as party leader, and hence, premier when
his current term expires in September 2018.
There is no successors name coming
up yet so we should not be overly cautious,
though investors probably wont chase the
market higher for a while, Oda said.
Last week, the Nikkei moved in a
narrow 275-point range, traversing the
psychologically important 20,000 mark.
Last Friday, Japanese companies mixed
earnings results attracted attention, with
Nissan Motor Co falling 4.1% after its first
quarter operating profit fell 12.8% on the year.
Construction equipment maker Hitachi
Construction Machinery soared to a nine-
year high at one point after its quarterly
operating profit jumped 584.5% on the year
to 16.7 billion thanks to strong demand
in China and North America.
Auto-parts maker Denso Corp jumped
5.3% last Friday after the company
announced stronger-than-expected quarterly
results and raised its full-year outlook.
Daiwa Securities tumbled 5.1% after
its quarterly net profit fell 21%, hit by
weak FICC (fixed income, currencies and
commodities) trading revenues.
Japans factory output was seen likely
to rebound in June, a Reuters poll found
last Friday, as manufacturers responded
to recovery in global demand. Industrial
production was seen rising 1.7% in June
from the previous month, the poll of 20
economists showed, after a revised 3.6%
drop in May.
US S&P 500 dented by earnings; Dow
hits record high
NEW YORK: The S&P 500 slipped last
Friday on negative reactions to earnings
reports from high-profile names such as
Amazon, Exxon and Starbucks and a drop
in shares of tobacco companies.
The Dow industrials, however, set a
record high, buoyed by Chevron after the
energy companys results.
Despite last Fridays share reactions,
results overall have come in better than
expected for the second quarter (2Q)and
stocks are trading near record highs.
More than halfway through reporting
season, S&P 500 companies are on track
to increase earnings by 10.8%, according
to Thomson Reuters I/B/E/S.
Investors were also digesting data showing
the US economy accelerated in the 2Q
as consumers ramped up spending and
businesses invested more on equipment.
We have had a good earnings season.
We have had pretty good economic results,
said Bruce McCain, chief investment
strategist at Key Private Bank in Cleveland.
But I think that theres a tendency after
you have had too long a string of wins, to
start looking for the problems in even the
good data. And I get the sense that that
is kind of what is going on in the market
at this point.
The Dow Jones Industrial Average
rose 33.76 points or 0.15% to 21,830.31,
the S&P 500 lost 3.32 points or 0.13%
to 2,472.1 and the Nasdaq Composite
dropped 7.51 points or 0.12% to 6,374.68.
Investors have been counting on
earnings to support the relatively high
valuations for equities. The S&P 500
is trading at about 18 times earnings
estimates for the next 12 months above
its long-term average of 15 times.
I would call the market at the high
end of fairly valued, said Peter Tuz,
president of Chase Investment Counsel
in Charlottesville, Virginia. It is not blanket
good earnings as Amazon exemplifies.
Amazons shares fell 2.5% after the
worlds largest online retailer reported a
jump in retail sales along with a profit slump.
Altria Group shares tumbled 9.5%.
The US Food and Drug Administration
announced it wants to reduce nicotine levels
in cigarettes and move smokers towards
potentially less harmful e-cigarettes.
Altria, which makes Marlboro brand
cigarettes, was the biggest drag on the
S&P 500 and weighed heavily on the
consumer staples sector, which was the
worst-performing group.US-traded shares
of British American Tobacco dropped 7%.
Exxon shares fell 1.5% after a rare
earnings miss, while shares of rival oil major
Chevron climbed 1.9% after its results.
Advancing issues outnumbered
declining ones on the NYSE by a 1.16-to-
one ratio; on Nasdaq, a 1.17-to-one ratio
favoured decliners. Reuters

Nikkei 225 FT Straits Times Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
20800 3600 22000 3900

2,774.06
17625 3300 18900 3415
2,772.70
14450 19,959.84 3000 15800 2930
10,172.06 10,403.79 21,830.31
-119.80
+33.76
11275
(-0.60%)
2700 3,330.75 12700 (+0.15%) 3,467.73
2445 -25.41
-23.96
(-0.71%) (-0.73%)
8100 2400 9600 1960
Mar 1, 2010 Jul 28, 2017 Mar 1, 2010 Jul 28, 2017 Mar 1, 2010 Jul 28, 2017 Mar 1, 2010 Jul 28, 2017

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.220 0.145 0.155 0.145 7082WB SYF-WB 0.145 -0.010 601.5 0.520 0.700 62.50 11/11/2019
Main Market & Ace Market Warrants 0.365 0.125 0.250 0.240 1538WB SYMLIFE-WB 0.240 -0.015 94.8 0.960 1.100 39.58 11/11/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.115 0.105 0.110 0.105 5012CK TAANN-CK 0.105 -0.010 150 3.480 4.200 29.74 26/02/2018
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.330 0.170 0.200 0.200 8524WB TALIWRK-WB 0.200 Unch 30 1.500 1.700 26.67 11/11/2018
0.255 0.035 0.050 0.045 5183C9 PCHEM-C9 0.050 Unch 6.2 6.950 7.000 3.24 29/09/2017 0.130 0.060 0.085 0.085 0132WA TDEX-WA 0.085 Unch 150 0.150 0.110 30.00 21/09/2018
0.400 0.200 0.235 0.230 9997WB PENSONI-WB 0.230 -0.015 73 0.660 0.600 25.76 20/01/2024 1.160 0.300 0.400 0.345 7200WA TEKSENG-WA 0.370 0.010 1198.5 0.560 0.250 10.71 29/01/2020
0.485 0.130 0.400 0.390 8311WC PESONA-WC 0.395 Unch 278.7 0.655 0.250 -1.53 27/01/2020 0.195 0.085 0.115 0.110 534735 TENAGA-C35 0.110 -0.005 513 14.160 13.800 2.12 30/11/2017
0.150 0.040 0.060 0.060 6033CO PETGAS-CO 0.060 -0.005 3.2 18.960 19.800 7.28 29/12/2017 0.130 0.090 0.110 0.105 534736 TENAGA-C36 0.110 -0.005 45 14.160 13.000 3.46 30/11/2017
0.315 0.085 0.240 0.205 3042CC PETRONM-CC 0.240 0.040 4965.8 8.850 6.500 5.99 29/09/2017 0.135 0.040 0.125 0.085 0145WA TFP-WA 0.115 0.025 5175.3 0.185 0.100 16.22 15/02/2019
0.110 0.110 0.110 0.110 8869CQ PMETAL-CQ 0.110 Unch 590 2.770 2.680 20.58 30/04/2018 3.560 2.620 2.690 2.690 7034WA TGUAN-WA 2.690 -0.060 10 4.200 1.500 -0.24 09/10/2019
0.115 0.115 0.115 0.115 8869CR PMETAL-CR 0.115 Unch 250 2.770 2.880 24.73 30/04/2018 0.040 0.010 0.025 0.025 7079WC TIGER-WC 0.025 Unch 200 0.060 0.080 75.00 11/02/2021
0.100 0.100 0.100 0.100 8869CS PMETAL-CS 0.100 Unch 20 2.770 3.080 29.24 30/04/2018 0.090 0.005 0.010 0.010 486314 TM-C14 0.010 0.005 11 6.330 6.700 6.24 29/09/2017
2.600 2.200 2.380 2.330 8869WC PMETAL-WC 2.380 0.040 86.8 2.770 0.390 0.00 22/08/2019 0.170 0.065 0.080 0.070 486317 TM-C17 0.080 0.015 1280 6.330 6.200 3.00 30/08/2017
1.050 0.615 0.925 0.915 7088WB POHUAT-WB 0.925 Unch 52.4 1.930 1.000 -0.26 21/10/2020 0.315 0.125 0.185 0.170 0101WB TMCLIFE-WB 0.180 0.015 6122 0.800 0.750 16.25 21/06/2019
0.285 0.130 0.135 0.130 4634C8 POS-C8 0.130 -0.010 62.2 5.110 5.100 9.98 31/10/2017 0.810 0.510 0.720 0.715 8397WC TNLOGIS-WC 0.715 -0.015 49.6 1.730 1.000 -0.87 26/12/2018
0.710 0.198 0.645 0.640 7168WA PRG-WA 0.645 Unch 81 1.040 0.375 -1.92 06/07/2019 0.485 0.109 0.470 0.465 7285WA TOMYPAK-WA 0.465 -0.005 179.5 1.050 0.930 32.86 21/06/2021
0.710 0.425 0.470 0.460 8966WA PRLEXUS-WA 0.470 Unch 245.7 1.290 1.200 29.46 14/06/2021 0.185 0.050 0.125 0.120 711316 TOPGLOV-C16 0.125 0.005 150 5.750 5.400 2.61 30/08/2017
0.145 0.040 0.095 0.090 7145WA PSIPTEK-WA 0.090 -0.005 359.9 0.155 0.100 22.58 16/11/2019 0.200 0.035 0.160 0.160 711317 TOPGLOV-C17 0.160 -0.010 50 5.750 5.200 2.96 29/12/2017
0.140 0.020 0.075 0.070 0007WA PUC-WA 0.075 0.005 919.9 0.135 0.100 29.63 25/12/2024 0.425 0.110 0.320 0.300 5042WB TSRCAP-WB 0.300 -0.010 130 0.725 0.700 37.93 28/12/2020
0.145 0.015 0.065 0.065 0007WB PUC-WB 0.065 Unch 504 0.135 0.100 22.22 15/02/2019 0.150 0.055 0.055 0.055 514841 UEMS-C41 0.055 -0.005 1130 1.170 1.140 6.84 31/10/2017
0.750 0.215 0.630 0.620 7134WA PWF-WA 0.630 Unch 72.9 1.050 0.620 19.05 20/07/2021 0.085 0.010 0.015 0.010 514842 UEMS-C42 0.015 Unch 150 1.170 1.400 22.22 29/09/2017
0.170 0.020 0.095 0.090 5256WA REACH-WA 0.095 Unch 2518.4 0.425 0.750 98.82 12/08/2022 0.100 0.030 0.035 0.030 514845 UEMS-C45 0.030 -0.005 1034.7 1.170 1.200 9.49 31/10/2017
0.110 0.040 0.045 0.045 1066C2 RHBBANK-C2 0.045 -0.010 200 5.030 5.600 14.02 28/02/2018 0.150 0.125 0.130 0.125 514847 UEMS-C47 0.125 Unch 175.8 1.170 1.000 6.84 30/01/2018
0.090 0.060 0.065 0.060 5270WA RSENA-WA 0.065 0.005 1171 0.455 0.500 24.18 01/12/2023 0.195 0.070 0.105 0.100 7091WA UNIMECH-WA 0.105 -0.010 131.6 1.040 1.500 54.33 18/09/2018
0.040 0.015 0.015 0.015 0133WC SANICHI-WC 0.015 Unch 27.2 0.060 0.210 275.00 24/09/2019 0.145 0.115 0.130 0.130 5005CX UNISEM-CX 0.130 Unch 35 3.800 3.450 6.18 30/11/2017
0.050 0.020 0.030 0.030 0133WD SANICHI-WD 0.030 0.005 20 0.060 0.100 116.67 21/07/2019 0.164 0.025 0.060 0.050 0069WB VIVOCOM-WB 0.055 Unch 16911.3 0.140 0.200 82.14 07/09/2018
0.135 0.065 0.125 0.115 5157WA SAUDEE-WA 0.125 0.005 506.5 0.370 0.500 68.92 31/03/2021 0.180 0.050 0.085 0.080 0069WC VIVOCOM-WC 0.080 Unch 713 0.140 0.100 28.57 22/01/2020
0.185 0.055 0.120 0.120 0161WA SCH-WA 0.120 Unch 101 0.205 0.100 7.32 04/12/2021 0.175 0.055 0.085 0.075 0069WD VIVOCOM-WD 0.085 0.005 2181.2 0.140 0.100 32.14 08/07/2020
0.785 0.160 0.665 0.610 7073WB SEACERA-WB 0.665 0.065 2878 1.460 1.000 14.04 29/05/2019 0.095 0.030 0.065 0.065 7070WC VIZIONE-WC 0.065 Unch 190 0.115 0.100 43.48 05/02/2022
0.170 0.010 0.035 0.030 5250CF SEM-CF 0.035 0.010 576.5 1.300 1.550 24.62 28/11/2017 0.595 0.200 0.515 0.515 7240WA VOIR-WA 0.515 0.035 2 0.830 0.500 22.29 31/03/2024
0.110 0.085 0.085 0.085 521846 SENERGYC46 0.085 Unch 400 1.550 1.700 22.29 30/01/2018 0.235 0.155 0.235 0.225 6963CM VS-CM 0.235 0.005 562 2.200 1.800 3.18 30/11/2017
0.110 0.105 0.105 0.105 521847 SENERGYC47 0.105 -0.005 100 1.550 1.700 23.23 30/01/2018 0.180 0.115 0.175 0.170 6963CN VS-CN 0.175 0.005 235 2.200 2.000 6.82 08/12/2017
0.170 0.125 0.155 0.150 5279CA SERBADK-CA 0.155 -0.005 721.3 2.030 2.000 17.61 02/02/2018 0.125 0.095 0.120 0.120 6963CO VS-CO 0.120 Unch 410 2.200 2.200 13.64 30/11/2017
0.120 0.110 0.115 0.115 5279CB SERBADK-CB 0.115 -0.005 60 2.030 2.500 37.32 26/02/2018 0.105 0.105 0.105 0.105 6963CQ VS-CQ 0.105 Unch 50 2.200 2.280 17.95 30/03/2018
0.215 0.075 0.135 0.125 0055WA SERSOL-WA 0.125 Unch 54 0.185 0.180 64.86 18/04/2023 0.055 0.010 0.015 0.015 0066WA VSOLAR-WA 0.015 -0.005 10 0.105 0.120 28.57 01/12/2017
0.205 0.055 0.185 0.175 7165WA SGB-WA 0.185 Unch 112.5 0.670 0.600 17.16 07/04/2021 0.690 0.240 0.640 0.625 6963WA VS-WA 0.630 -0.005 6402.2 2.200 1.650 3.64 06/01/2019
0.350 0.210 0.255 0.255 7246WA SIGN-WA 0.255 0.005 19.2 0.895 0.970 36.87 21/04/2021 0.135 0.040 0.055 0.055 3565CA WCEHB-CA 0.055 Unch 49.8 1.440 1.650 22.22 30/11/2017
0.245 0.115 0.115 0.115 9776WB SMCAP-WB 0.115 -0.005 13.6 0.670 1.000 66.42 13/07/2018 0.215 0.040 0.050 0.045 9679C1 WCT-C1 0.045 -0.005 80 1.890 2.250 24.29 30/11/2017
0.405 0.135 0.220 0.220 5213WA SNTORIA-WA 0.220 0.015 0.3 0.840 0.600 -2.38 15/04/2019 0.170 0.035 0.045 0.035 9679C2 WCT-C2 0.045 0.005 200.2 1.890 2.300 26.46 08/12/2017
0.845 0.650 0.745 0.740 5242WA SOLID-WA 0.745 -0.035 43.2 1.270 0.500 -1.97 16/12/2020 0.340 0.060 0.065 0.065 9679CZ WCT-CZ 0.065 -0.005 30 1.890 2.000 10.98 31/10/2017
0.285 0.125 0.225 0.215 0093WA SOLUTN-WA 0.225 Unch 376.2 0.315 0.200 34.92 04/07/2021 0.665 0.170 0.235 0.220 9679WD WCT-WD 0.220 -0.010 1688.5 1.890 1.710 2.12 11/12/2017
0.070 0.040 0.040 0.040 5126CE SOP-CE 0.040 -0.005 80 3.500 3.800 12.57 29/09/2017 0.570 0.175 0.340 0.325 9679WE WCT-WE 0.325 -0.015 2468.4 1.890 2.080 27.25 27/08/2020
0.210 0.050 0.065 0.060 8664CV SPSETIA-CV 0.060 0.005 154.5 3.340 3.400 8.98 31/10/2017 0.930 0.490 0.710 0.690 7245WA WZSATU-WA 0.690 Unch 19.3 1.100 0.500 8.18 28/10/2024
0.400 0.080 0.110 0.090 8664CW SPSETIA-CW 0.095 0.010 2106.9 3.340 3.400 6.06 29/12/2017 0.015 0.005 0.010 0.005 0095WA XINGHE-WA 0.010 0.005 22 0.040 0.100 175.00 22/03/2019
0.200 0.025 0.030 0.025 8664CY SPSETIA-CY 0.025 Unch 4257.5 3.340 3.900 18.26 08/12/2017 0.110 0.035 0.060 0.055 0165WA XOX-WA 0.060 Unch 231.3 0.110 0.200 136.36 10/02/2019
0.125 0.020 0.065 0.060 0140WA STERPRO-WA 0.060 Unch 160.1 0.170 0.480 217.65 17/02/2021 0.185 0.050 0.065 0.065 7020WB YKGI-WB 0.065 Unch 160 0.210 0.500 169.05 28/05/2020
0.460 0.110 0.410 0.410 5263CH SUNCON-CH 0.410 0.040 5 2.100 1.700 0.48 30/08/2017 1.100 0.630 0.950 0.940 7066WA YONGTAI-WA 0.940 -0.015 105.2 1.400 0.500 2.86 24/06/2020
0.120 0.100 0.105 0.105 5263CK SUNCON-CK 0.105 0.005 20 2.100 2.200 14.76 08/01/2018 0.075 0.070 0.075 0.070 467711 YTL-C11 0.075 Unch 149.4 1.410 1.600 24.11 30/01/2018
0.090 0.075 0.080 0.080 3743CA SUNSURIA-CA 0.080 Unch 58 1.490 1.600 18.12 26/02/2018 0.100 0.030 0.035 0.030 4677C8 YTL-C8 0.030 -0.005 300.6 1.410 1.500 8.51 29/12/2017
0.505 0.145 0.430 0.420 3743WA SUNSURIA-WA 0.420 -0.005 548.5 1.490 1.500 28.86 22/07/2020 0.450 0.320 0.345 0.335 6742WB YTLPOWR-WB 0.340 Unch 156.9 1.410 1.140 4.96 11/06/2018
0.235 0.060 0.180 0.175 0148WB SUNZEN-WB 0.175 -0.005 791.8 0.375 0.250 13.33 25/02/2021 0.125 0.040 0.060 0.050 2283WA ZELAN-WA 0.060 0.005 103.7 0.135 0.250 129.63 25/01/2019
0.155 0.060 0.065 0.060 710627 SUPERMX-C27 0.065 -0.010 269.4 1.920 2.000 10.94 02/02/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on July 27, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Venezuelas economic crisis and anti-government protests
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Venezuelas fortunes rise and fall with the price of oil, and when crude prices tanked in
7-ELEVEN MALAYSIA HOLDINGS (432,500) FRANKLIN RESOURCES, INC. USA 60,377,600 25/7 2014, its economy was thrown into chaos. A government that had relied on oil revenues
ADVANCECON HOLDINGS (50,000) FATHI RIDZUAN AHMAD FAUZI 50,000 24 & 25/7 to fund social spending suddenly came up short of hard currency for imports, causing
AL-AQAR HEALTHCARE REIT (1,300) EMPLOYEES PROVIDENT FUND BOARD 66,044,238 24/7
shortages of every kind. As Nicolas Maduros government struggles to contain the crisis,
ASTRO MALAYSIA HOLDINGS 496,900 EMPLOYEES PROVIDENT FUND BOARD 321,216,900 24/7
AXIATA GROUP 214,900 EMPLOYEES PROVIDENT FUND BOARD 1,449,921,890 21/7
hundreds of thousands of people have taken to the streets to protest his government.
AXIS REAL ESTATE 239,500 EMPLOYEES PROVIDENT FUND BOARD 138,598,564 24/7
INVESTMENT TRUST
AXIS REAL ESTATE 1,000,000 ALEX LEE LAO 57,831,315 25/7
INVESTMENT TRUST
BERMAZ AUTO 309,600 EMPLOYEES PROVIDENT FUND BOARD 144,840,823 24/7
BIMB HOLDINGS 25,100 EMPLOYEES PROVIDENT FUND BOARD 204,519,501 24/7
BRITISH AMERICAN TOBACCO (M) (151,700) EMPLOYEES PROVIDENT FUND BOARD 15,624,802 24/7
BUMI ARMADA 1,900,000 EMPLOYEES PROVIDENT FUND BOARD 324,274,580 24/7
CAHYA MATA SARAWAK 500,000 LEMBAGA TABUNG HAJI 87,045,000 25/7
DIALOG GROUP 3,711,600 EMPLOYEES PROVIDENT FUND BOARD 682,182,550 24/7
DIGI.COM (244,988) EMPLOYEES PROVIDENT FUND BOARD 1,050,177,544 21 & 24/7
EASTERN & ORIENTAL 500,000 LEMBAGA TABUNG HAJI 88,466,129 25/7
EFFICIENT E-SOLUTIONS 150,000 LIM HOOI TEIK 63,668,500 26/7
EWEIN 376,000 HIJAUWASA S/B 102,851,378 26/7
FRASER & NEAVE HOLDINGS 500,000 EMPLOYEES PROVIDENT FUND BOARD 42,399,930 24/7
GAMUDA 453,600 EMPLOYEES PROVIDENT FUND BOARD 276,541,905 24/7
GLOBETRONICS TECHNOLOGY (142,700) EMPLOYEES PROVIDENT FUND BOARD 28,196,800 24/7
HAP SENG PLANTATIONS HOLDINGS 26,000 LEMBAGA TABUNG HAJI 53,655,100 25/7
HONG LEONG BANK 1,700 EMPLOYEES PROVIDENT FUND BOARD 260,600,921 24/7
IGB REAL ESTATE (104,100) EMPLOYEES PROVIDENT FUND BOARD 232,215,613 24/7
INVESTMENT TRUST
IJM CORPORATION 1,623,800 EMPLOYEES PROVIDENT FUND BOARD 529,375,958 24/7
IOI CORPORATION (1,203,900) EMPLOYEES PROVIDENT FUND BOARD 593,981,473 24/7
KENANGA INVESTMENT BANK (42,800) DEUTSCHE BANK AG 57,949,401 25/7
KUALA LUMPUR KEPONG 391,400 EMPLOYEES PROVIDENT FUND BOARD 163,210,788 24/7
LAFARGE MALAYSIA (964,100) EMPLOYEES PROVIDENT FUND BOARD 74,345,989 24/7
LATITUDE TREE HOLDINGS (1,000,000) LIN TZU-LANG 26/7
LUSTER INDUSTIES (100,000) MOHAMED SHUKRI MOHAMED ZAIN 1,100,000 25/7
MALAYSIA AIRPORTS HOLDINGS (1,021,400) EMPLOYEES PROVIDENT FUND BOARD 161,133,992 24/7
MALAYSIA MARINE AND 272,200 LEMBAGA TABUNG HAJI 106,071,800 24/7
HEAVY ENGINEERING HOLDINGS
MARINE & GENERAL 1,000,000 DATO ABDUL HAMID SH MOHAMED 2,000,000 26/7
MATRIX CONCEPTS HOLDINGS (2,000,000) DATO LEE TIAN HOCK 227,378,322 27/7
MAXIS 3,265,400 EMPLOYEES PROVIDENT FUND BOARD 813,050,721 30/7
MEDIA PRIMA 55,000 MORGAN STANLEY & CO. LLC. US 74,247,500 25/7
MMC CORPORATION 105,300 LEMBAGA TABUNG HAJI 218,839,200 25/7
MUHIBBAH ENGINEERING (M) 26,600 LEMBAGA TABUNG HAJI 49,386,500 25/7
NESTLE (MALAYSIA) 48,200 EMPLOYEES PROVIDENT FUND BOARD 19,043,600 19 & 24/7
PENSONIC HOLDINGS (4,000,000) CHEW CHUON JIN 26/7
PETRONAS GAS (500,000) EMPLOYEES PROVIDENT FUND BOARD 203,958,700 27/7
PPB GROUP 23,800 EMPLOYEES PROVIDENT FUND BOARD 111,542,225 24/7
PROTASCO 7,000 EMPLOYEES PROVIDENT FUND BOARD 31,268,000 24/7
PUBLIC BANK (3,850,800) EMPLOYEES PROVIDENT FUND BOARD 477,804,000 24/7
QL RESOURCES 823,400 AMANAHRAYA TRUSTEES 63,823,400 25/7
- SKIM AMANAH SAHAM BUMIPUTERA
S P SETIA (225,000) EMPLOYEES PROVIDENT FUND BOARD 195,382,983 24/7
Stocks closest to year high Stocks closest to year low
SIME DARBY 3,300,000 KUMPULAN WANG PERSARAAN 392,347,373 21 - 24/7 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
(DIPERBADANKAN)
SIME DARBY 711,100 EMPLOYEES PROVIDENT FUND BOARD 676,089,431 21 & 24/7 SUPERLN 2.620 2.480 2.600 1387.4 LCTITAN-CC 0.110 0.110 0.110 54
SUNWAY (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 113,525,091 24/7 JHM 2.890 2.780 2.870 1315.6 ESCERAM 0.395 0.370 0.380 4441.7
SUNWAY REAL ESTATE (475,900) EMPLOYEES PROVIDENT FUND BOARD 386,439,800 24/7 PMETAL-CR 0.115 0.115 0.115 250 PMETAL-CR 0.115 0.115 0.115 250
HENGYUAN 7.020 6.370 6.900 7832.1 ZECON 0.560 0.545 0.555 1682.2
INVESTMENT TRUST
GCB 1.570 1.480 1.560 2560.8 VERSATL 0.960 0.870 0.945 2293.9
SYARIKAT TAKAFUL MALAYSIA (10,600) EMPLOYEES PROVIDENT FUND BOARD 101,374,000 24/7
INARI-WB 1.770 1.720 1.770 392.7 FGV-C37 0.090 0.090 0.090 3460.2
UMW HOLDINGS (646,400) EMPLOYEES PROVIDENT FUND BOARD 137,263,160 24/7
FGV-C37 0.090 0.090 0.090 3460.2 AMBANK-CY 0.165 0.150 0.155 71
UNITED MALACCA 40,000 EMPLOYEES PROVIDENT FUND BOARD 17,159,000 24/7
YTL-C11 0.075 0.070 0.075 149.4 YTL-C11 0.075 0.070 0.075 149.4
V.S. INDUSTRY (200,000) NG YONG KANG 950,000 25 & 26/7
MAGNUM-C2 0.085 0.085 0.085 10 MAGNUM-C2 0.085 0.085 0.085 10
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
PBBANK-C15 0.130 0.125 0.130 471.7 UEMS-C45 0.035 0.030 0.030 1034.7
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 MEXTER 0.320 0.290 0.310 11513.7 UEMS-C41 0.055 0.055 0.055 1130
HARTA-CZ 0.165 0.155 0.155 172 SENERGYC47 0.105 0.105 0.105 100
PENTA 4.380 4.100 4.270 2509.7 EWINT-CD 0.030 0.030 0.030 50
Local events to watch out for today CIMB-C23
FPI
0.175
1.180
0.175
1.110
0.175
1.180
78
1615.4
MKH
EWINT-CB
2.290
0.045
2.260
0.045
2.270
0.045
477.4
100
Borneo Oil Bhds annual general meeting AMMB Holdings Bhds AGM at Sime ELSOFT 2.800 2.600 2.800 1871.4 PMETAL-CS 0.100 0.100 0.100 20
(AGM) and extraordinary general meeting Darby Convention Centre, Kuala Lumpur PMETAL-CS 0.100 0.100 0.100 20 INARI-C3 0.155 0.150 0.155 46
(EGM) at 2nd floor, Victoria Point, Jalan at 10am. INARI-C3 0.155 0.150 0.155 46 PRESBHD 1.920 1.890 1.920 1359.1

OKK Awang Besar, Labuan. (AGM at 8am This table shows stocks that are trading near their year high. This
and EGM at 9am). could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
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 EURO US SWISS BRIT CANADA BRUNEI SPORE AUST MSIA CHINA BANGLH DENMK UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.639 0.752 0.728 0.572 0.934 1.019 1.019 0.941 3.2191 5.062 60.549 4.756 2.760 10,015 48.179 83.155 5.944 37.954 2.737 2.818 6.100 25.078 5.869
EURO 1.564 1.175 1.138 0.895 1.461 1.594 1.594 1.471 5.0348 7.918 94.702 7.438 4.317 15,664 75.354 130.058 9.296 59.362 4.280 4.408 9.541 39.223 9.179
US $ 1.331 0.851 0.969 0.761 1.243 1.356 1.356 1.252 4.2835 6.736 80.570 6.328 3.673 13,326 64.110 110.650 7.909 50.504 3.641 3.750 8.117 33.370 7.809
SWISS FR 1.374 0.878 1.032 0.786 1.284 1.400 1.400 1.292 4.4224 6.955 83.183 6.533 3.792 13,759 66.189 114.238 8.165 52.142 3.760 3.872 8.381 34.452 8.063
STERLING 1.748 1.118 1.314 1.273 1.633 1.782 1.782 1.645 5.6277 8.850 105.854 8.314 4.825 17,508 84.228 145.374 10.391 66.353 4.784 4.927 10.665 43.842 10.260
CANADA $ 1.070 0.684 0.804 0.779 0.612 1.091 1.091 1.007 3.4455 5.418 64.808 5.090 2.954 10,719 51.568 89.003 6.362 40.624 2.929 3.016 6.529 26.842 6.282
BRUNEI $ 0.981 0.627 0.737 0.714 0.561 0.917 1.000 0.923 3.1585 4.967 59.409 4.666 2.708 9,826 47.272 81.590 5.832 37.240 2.685 2.765 5.985 24.606 5.758
SINGAPORE $ 0.981 0.627 0.737 0.714 0.561 0.917 1.000 0.923 3.1580 4.966 59.400 4.665 2.708 9,825 47.265 81.577 5.831 37.234 2.685 2.765 5.984 24.602 5.758
AUSTRALIA $ 1.063 0.680 0.799 0.774 0.608 0.993 1.083 1.084 3.4217 5.381 64.360 5.055 2.934 10,645 51.212 88.389 6.318 40.343 2.909 2.996 6.484 26.656 6.238
MALAYSIA RM 0.311 0.199 0.233 0.226 0.178 0.290 0.317 0.317 0.292 1.0000 1.573 18.809 1.477 0.857 3,111 14.967 25.832 1.846 11.790 0.850 0.875 1.895 7.790 1.823
100 CHINESE RMB 19.754 12.630 14.845 14.379 11.299 18.456 20.133 20.136 18.584 63.5890 1,196 93.939 54.525 197,832 951.717 1,643 117.410 749.738 54.058 55.671 120.502 495.380 115.933
100 BANGLADH TAKA 1.652 1.056 1.241 1.202 0.945 1.543 1.683 1.683 1.554 5.3165 8.361 7.854 4.559 16,540 79.570 137.334 9.816 62.683 4.520 4.654 10.075 41.417 9.693
100 DANISH KRONER 21.028 13.445 15.803 15.307 12.028 19.646 21.432 21.435 19.783 67.6920 106.45 1,273 58.043 210,596 1,013.13 1,749 124.99 798.11 57.55 59.26 128.28 527.34 123.41
100 UAE DIRHAM 36.229 23.164 27.226 26.371 20.723 33.848 36.924 36.930 34.084 116.6245 183.40 2,194 172.29 362,830 1,745 3,013 215.33 1,375 99.15 102.10 221.01 908.55 212.62
1000 INA RUPIAH 0.010 0.006 0.008 0.007 0.006 0.009 0.010 0.010 0.009 0.0321 0.051 0.605 0.047 0.028 0.481 0.830 0.059 0.379 0.027 0.028 0.061 0.250 0.059
100 INDIA RUPEE 2.076 1.327 1.560 1.511 1.187 1.939 2.115 2.116 1.953 6.6815 10.507 125.675 9.870 5.729 20,787 172.595 12.337 78.777 5.680 5.849 12.662 52.051 12.181
100 JAPAN YEN 1.203 0.769 0.904 0.875 0.688 1.124 1.226 1.226 1.131 3.8712 6.088 72.815 5.719 3.319 12,044 57.939 7.148 45.643 3.291 3.389 7.336 30.158 7.058
100 NORWEGIAN KRONER 16.825 10.757 12.644 12.247 9.624 15.719 17.147 17.150 15.828 54.1600 85.172 1,019 80.009 46.440 168,497 810.596 1,399 638.566 46.043 47.416 102.634 421.925 98.742
100 PHILIPPINE PESO 2.635 1.685 1.980 1.918 1.507 2.462 2.685 2.686 2.479 8.4815 13.338 159.532 12.530 7.272 26,387 126.940 219.092 15.660 7.210 7.425 16.073 66.074 15.463
100 QATAR RIYAL 36.541 23.363 27.461 26.599 20.902 34.140 37.242 37.248 34.378 117.6301 184.985 2,213 173.773 100.862 365,959 1,761 3,039 217.190 1,387 102.982 222.911 916.379 214.458
100 SAUDI RIYAL 35.483 22.687 26.666 25.828 20.297 33.152 36.164 36.170 33.382 114.2236 179.628 2,148 168.740 97.941 355,361 1,710 2,951 210.900 1,347 97.104 216.456 889.841 208.248
100 SWEDISH KRONOR 16.393 10.481 12.319 11.932 9.377 15.316 16.707 16.710 15.422 52.7700 82.986 992.572 77.956 45.248 164,173 789.793 1,363 97.434 622.178 44.861 46.199 411.097 96.208
100 THAI BAHT 3.988 2.550 2.997 2.903 2.281 3.726 4.064 4.065 3.751 12.8364 20.187 241.445 18.963 11.007 39,935 192.119 331.587 23.701 151.346 10.913 11.238 24.325 23.403
100 HK$ 17.039 10.894 12.805 12.403 9.746 15.919 17.366 17.369 16.030 54.8499 86.257 1,031.694 81.029 47.031 170,643 820.922 1,417 101.274 646.700 46.629 48.020 103.941 427.300
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.
MONAY JULY 3 1 , 20 17 T HE E DG E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
18.00 105.0
1980 90000 1.00 4.5
1,767.50 (+1.00) 93.259
(-4.00) (-0.605) 3.49
1785 68000 4.75 96.5 (Unch)
3.5

1590 46000 -8.50 88.0

2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Jul 28, 2017 Jan 4, 2010 Jul 28, 2017 Oct 1, 2000 Jul 28, 2017
Oct 2, 2006 Jul 28, 2017

FBM KLCI futures finish in FBM KLCI futures Dollar down, euro up as US Klibor
line with weaker cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
GDP data fails to sway market MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts(FKLI) FBMKLCI 1,767.08 -2.99 107.8M The US dollar was broadly lower last Friday as AUG7 96.54
SEP7 96.53
on Bursa Malaysia Derivatives finished JUL 17 1,767.50 -4.00 6,650 16,543 -3,854 a combination of uninspiring US economic OCT7 96.51
easierlast Friday in line with the weaker AUG 17 1,768.50 -2.50 6,044 29,037 11,752
data and political uncertainty kept traders DEC7 96.48
SEP 17 1,769.50 -2.50 37 353 10
underlying cash market. DEC 17 1,769.00 -2.50 20 209 1
biased towards the euro and other world MAR8 96.48
July 2017 declined four points to 1,767.5 TOTAL currencies. JUN8 96.48
12,751 46,142 7,909
SEP8 96.48
while August 2017, September 2017 and The euro and other major currencies rose DEC8 96.48
December 2017 were 2.5 points lower at FUTURES ROLL OVER BID OFFER CLOSE against the dollar after the release of US second- MAR9 96.48
1,768.5, 1,769.5 and 1,767.5, respectively. JUL/AUG 1.0 0.5 1.0
quarter gross domestic product (GDP) estimates JUN9 96.48
Turnover stood at 12,751 lots with open FUTURES FAIR VALUE that largely met economists expectations. SEP9 96.48
DEC9 96.48
interest amounting to 46,142 contracts. CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE Some analysts pointed to a smaller-than- MAR0 96.48
The underlying benchmark FBM KLCI JUL 17
AUG 17
4
34
0.46
5.09
0.00
5.66
0.46
-0.57
expected increase in US labour costs, but others JUN0 96.48
finished at1767.08 last Friday, down 2.99 ROLLS FAIR -1.03
suggested the data was just an excuse for traders SEP0 96.48
points fromThursdaysclose of 1,770.07. to continue the weak dollar trade that has sent DEC0 96.48
MAR1 96.48
Among Asian market, Singapore shares the US currency lower for much of this year.
JUN1 96.48
cut losses at the close of trade last Friday US GDP growth picked up to 2.6% in the SEP1 96.48
after falling nearly 1%, as the city-states second quarter, matching expectations of DEC1 96.48
biggest banks pulled down the index and The FTSE Straits Times Index closed economists polled by Reuters, while growth MAR2 96.48
as sentiment took a hit after total jobs fell 0.7% lower, but rose 0.5% on week, its fifth in the first quarter was revised down to 1.2%. JUN2 96.48
TOTAL 0 0
in the second quarter, the most in 14 years. straight weekly gain. Agencies Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 200000 6400 0.700 155.00 1980

3450 152500 5075 0.3482 0.525 121.25 1660

(RM3,285/tonne) 1,270.20
(+8.70)
2700 105000 3750 0.350 87.50 1340
49.71
(+0.67)
1950 53.75 1020
2,653 57500 2425 0.175
(-24) 2,653
1200 10000 (-24) 20.00 700
1100 0.000
Jan 6, 2008 Jul 28, 2017 Apr 10, 2007 Jul 28, 2017 Aug 31, 2008 Jul 28, 2017
Jan 6, 2008 Jul 28, 2017

Palm oil falls on stronger CPO futures Oil hits two-month high in Commodities

ringgit, profit-taking CONTRACT

AUG-17
LAST
2,670
CHANGE
-22
VOLUME
317
OPEN CHANGE IN
INTEREST OPEN INTEREST
4,265 -669
strongest week of the year AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,653 -24
RUBBER SEN/KG MRB 603.50 -41.50
SEP-17 2,657 -27 5,949 32,002 -5,231
Malaysian palm oil future fell last Friday, Oil ended its strongest week this year with CORN USC/BSH CBOT 374.25 UNCH
OCT-17 2,653 -24 18,502 63,434 3,311
SOYBEANS USC/BSH CBOT 1,000.75 6.00
weighed down by a stronger ringgit and NOV-17 2,652 -24 7,013 44,262 -329 a surge last Friday, built on receding fears
WHEAT USC/BSH CBOT 481.00 1.25
mild profit-taking. DEC-17 2,665 -22 2,339 13,019 572 of oversupply, as US crude came within LIVE CATTLE USC/IBS CME 112.425 -1.150
The benchmark palm oil contract for CPO FUTURES CPO/SOYOIL striking distance of US$50 a barrel for the COCOA US$/TON NYBOT 2,093 59
October delivery on the Bursa Malaysia INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) first time since the end of May. COFFEE USC/IBS NYBOT 141.45 1.95
AUG/SEP 13 -74.29
Derivatives closed down 0.8% at RM2,653, AUG/OCT 17 3 MONTHS AVERAGE -96.51
Traders attributed the activity to short- SUGAR USC/IBS NYBOT 15.09 -0.04
its sharpest daily fall in two weeks. covering of previous bearish bets as oil COTTON USC/IBS NYC 68.29 -0.15
AUG/NOV 18 6 MONTHS AVERAGE -90.50
Palm rose for three consecutive sessions SEP/OCT 4 finished higher in every session last week. METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,750 200
through last Thursday, when it hit a two- SGS & ITS EXPORT ESTIMATES (TONNES) US crude settled at US$49.71 a barrel, up COPPER USC/IBS CMX 2.8825 -0.0035
month high, and gained 3.2% for the week. SHIPMENT DAYS MAY17 JUN17 JUL17 67 US cents or 1.4%, and on the week gained GOLD US$/TROY OZ CMX 1,270.20 8.70
The market fell on a stronger ringgit, 1 - 10TH DAYS 359/347 367/367 381/360 nearly 9%, while brent crude futures settled PLATINUM US$/TROY OZ NYMEX 936.60 10.20
which saw quite a sharp increase last 1- 15TH DAYS 613/618 524/509 616/599
at US$52.52 a barrel, up 2% or US$1.03 a PALLADIUM US$/TROY OZ NYMEX 872.50 1.75
1 - 20TH DAYS 853/847 710/721 818/797
Thursday, said a trader. 1 - 25TH DAYS 1,007/1,007 996/986 1,044/1,017
barrel, after reaching a two-month high of SILVER USC/TROY OZ CMX 16.70 0.12
The ringgit, the currency of trade for the FULL MONTH US$52.68 a barrel earlier in the day. ALUMINIUM RMB/TON SHF 14,425 -85
1,310/1,306 1,210/1,190 /
ZINC RMB/TON SHF 23,005 -80
tropical oil, has gained 0.3% this month, and MALAYSIAN PALM OIL BOARD US crude and gasoline inventories fell much
surged to its strongest in a month against the MAR17 APR17 MAY17 JUN17 more steeply than expected in the latest week, ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 49.71 0.67
US dollar last Thursday. Gains in the ringgit PRODUCTION 1,464 1,548 1,655 1,514 while US refineries processed an average of HEATING OIL USC/GAL NYMEX 1.6409 0.0338
typically make palm oil more expensive for EXPORT
STOCKS
1,554
1,266
1,283
1,600
1,506
1,558
1,379
1,527
almost 17.3 million barrels of crude per day NATURAL GAS US$/MMBTU NYMEX 2.981 -0.022
holders of foreign currencies. previous week, up 620,000 barrels per day BRENT CRUDE US$/BBL ICE 52.52 1.03
MPOB Palm oil physical
In other related oils, the October soybean from the same week in 2016. Reuters GAS OIL US$/TON ICE 485.00 9.75
oil contract on the Chicago Board of Trade (IN RM/TON) MAY17 JUN17 JUL17

was down 0.4%, while the September soybean CPO DELD

PK EX-MILL
2,552 NO TRADE
2,200 NO TRADE NO TRADE
NO TRADE Centrifuged Latex Rubber - Msia SMR 20
oil on the Dalian Commodity Exchange was CPKO DELD 4,654 4,632 NO TRADE Sen/Kg
Sen/Kg
down 0.8%. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
The September palm olein contract fell RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
502.00
0.6%. Palm oil prices are impacted by related RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (-8.00) 1475
edible oils, as they compete for a share in MPOB FFB REF PRICE (MILL GATE PRICE) 603.50
the global vegetable oils market. REGION GRADE A GRADE B GRADE C 700 1050
(-41.50)
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil failed to break a resistance zone NORTH 20.00% 578 19.00% 553 18.00% 527
of RM2,675 to RM2,703 per tonne, and may SOUTH 20.00% 585 19.00% 559 18.00% 533
500 625
hover below RM2,675 for a while before CENTRAL 20.00% 579 19.00% 553 18.00% 527
rising again, according to an analyst. EAST COAST 20.00% 582 19.00% 556 18.00% 530 300 200
SABAH 22.00% 564 21.00% 540 20.00% 517 Jan 7, 2007 Jul 28, 2017 Jan 7, 2007 Jul 28, 2017
Reuters SARAWAK 22.00% 571 21.00% 547 20.00% 523
 Markets
32 M ON DAY JU LY 3 1 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S 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
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,767.08 2.99 FBM ACE 6,616.64 54.94 FTSTI 3,330.75 23.96 NIKKEI 19,959.84 119.80 HANG SENG 26,979.39 151.78 DOW JONES 21,830.31 33.76

Be nice to people on your way up because youll Market movers

meet them on your way down. Wilson Mizner
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW AT 111,888.6 UNCH UNCH 0.040 0.00
('000) (%) (RM) (RM) (RM) (RM) CIMB 60,280.2 0.050 0.76 6.640 14.72 3.03
Index point
1773.0 AT 111,889 0.00 0.000 0.040 0.045 0.035 MLAB 57,519.3 -0.015 -8.82 0.155 0.00
1772.3 CIMB 60,280 0.76 0.050 6.640 6.730 6.570 BORNOIL 38,704.0 UNCH UNCH 0.105 11.41 0.00
1771.6 AHB 37,577 -17.81 -0.065 0.300 0.350 0.275 AHB 37,577.1 -0.065 -17.81 0.300 104.29 0.00
1770.9 MRCB-WA 20,787 -9.52 -0.010 0.095 0.105 0.095 TALAMT 29,731.3 -0.005 -9.09 0.050 0.00
1770.2 AHB-WB 19,647 -23.53 -0.060 0.195 0.245 0.175 HUBLINE 29,603.2 UNCH UNCH 0.060 0.00
KL Composite Index 1,767.50 COMFORT 15,982 5.08 0.045 0.930 0.935 0.890 AEMULUS 25,795.5 0.035 5.30 0.695 173.68 0.00
1769.5 (-4.00) KARYON 14,636 7.41 0.020 0.290 0.295 0.270 MRCB-WA 20,787.0 -0.010 -9.52 0.095 0.00
1768.8
EVERGRN 11,950 0.56 0.005 0.900 0.920 0.895 AHB-WB 19,647.1 -0.060 -23.53 0.195 0.00
1768.1 MEXTER 11,514 6.90 0.020 0.310 0.320 0.290 DNEX-WD 18,407.1 -0.005 -1.67 0.295 0.00
1767.4 MEXTER-WA 10,183 16.67 0.025 0.175 0.180 0.150 VIVOCOM-WB 16,911.3 UNCH UNCH 0.055 0.00
KLCI futures
1766.7 1,767.08 ATTA-LA 8,059 0.00 0.000 0.160 0.170 0.155 MPAY 16,574.6 -0.005 -1.75 0.280 0.00
(-2.99)
1766.0 HENGYUAN 7,832 8.49 0.540 6.900 7.020 6.370 COMFORT 15,982.3 0.045 5.08 0.930 10.17 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
PMETAL 6,526 1.47 0.040 2.770 2.800 2.740 DNEX 15,266.6 UNCH UNCH 0.590 4.11 0.85
SEACERA 6,474 4.29 0.060 1.460 1.470 1.390 KRONO 14,979.7 0.020 2.90 0.710 21.77 0.00
Daily FBM KLCI TMCLIFE-WB 6,122 9.09 0.015 0.180 0.185 0.170 KARYON 14,635.8 0.020 7.41 0.290 25.47 0.00
TFP-WA 5,175 27.78 0.025 0.115 0.125 0.085 TECFAST 13,497.7 -0.035 -4.29 0.780 36.88 0.61
KL Composite Index Moving average - 20-day FRONTKN 13,296.7 -0.010 -2.60 0.375 15.28 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,767.08 traded for a particular counter on the previous trading day is more than triple the average volume for the
ANZO 12,181.2 0.005 4.76 0.110 0.00
(-2.99)
last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,760.91 UP
1425.0 Sentiment on Bursa Malaysia hit CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

1122.5
by fall in US tech stocks UTDPLT
AJI
27.800
25.680
0.600
0.560
DLADY
NHFATT
58.600
3.940
-0.400
-0.400
HENGYUAN 6.900 0.540 YTL-C11 0.075 -0.295
PETRONM 8.850 0.350 AEONCR 13.700 -0.260
820.0 KUALA LUMPUR: The recent selling on US tech stocks ELSOFT 2.800 0.210 NESTLE 83.920 -0.240
Jan 2, 2008 Jul 28, 2017 has dampened the market sentiment on Bursa Malaysia. INARI-WA 2.500 0.200 BAT 44.180 -0.220
Nonetheless, the recovery on crude oil prices has triggered CMSB 3.890 0.200 HCK 5.680 -0.200
900
interest in selected oil and gas stocks that have been battered GKENT 4.420 0.200 ALLIANZ 14.660 -0.180
down of late. MAGNI 7.570 0.180 TASEK 12.840 -0.160
600
BKAWAN 19.100 0.160 ULICORP 4.080 -0.160
The benchmark FBM KLCI dropped 2.99 points to
PENTA 4.270 0.160 HAPSENG 9.010 -0.140
300
1,767.08 points last Friday. For the week, the FBM KLCI, SUPERLN 2.600 0.150 SAM 8.200 -0.140
0
however, gained 0.45% from 1,759.16 last week.
Volume (mil) Trading volume across the board was slightly higher last Top gainers and losers (ranked by percentage)
Friday at 1.64 billion shares worth RM2.203 billion compared
with 1.59 billion shares worth RM1.97 billion yesterday. UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Head of Research at Inter-Pacific Research Sdn Bhd Pong
FBM KLCI futures Teng Siew said buying interest in the local bourse was not XINGHE-WA 0.010 100.00 YTL-C11 0.075 -79.73

CONTRACT SETTLEMENT CHANGE HIGH LOW

strong as market sentiment was affected by the decline in TM-C14 0.010 100.00 FGV-C37 0.090 -57.14
HUBLINE-WA 0.015 50.00 LCTITAN-CG 0.045 -52.63
JUL 17 1,767.50 -4.00 1,771.50 1,766.50 US tech stocks, which created uncertainties ahead. SEM-CF 0.035 40.00 MAGNUM-C2 0.085 -43.33
AUG 17 1,768.50 -2.50 1,771.00 1,765.50 Investor confidence was lowered and buying volume thinned CMSB-C5 0.020 33.33 EWINT-CD 0.030 -40.00
SEP 17 1,769.50 -2.50 1,770.50 1,766.50
[last Friday] after the weak performance of tech counters, as usually MEDAINC-WA 0.100 33.33 INARI-C3 0.155 -35.42
local retail investors look to tech stocks for inspiration, said Pong. TFP-WA 0.115 27.78 KGROUP-WA 0.010 -33.33
FBM KLCI sensitivity* However, there are pockets of interest such as in oil IRETEX-LA 0.025 25.00 FBMKLCI-H2W 0.010 -33.33

KLCI CHANGE CLOSE VOLUME and gas stocks, which are most likely riding on the recent HWGB-WD 0.025 25.00 DPS-WA 0.010 -33.33
POINTS (RM) (RM) ('000) TM-C17 0.080 23.08 PMETAL-CS 0.100 -33.33
CIMB GROUP 0.75 0.050 6.640 60280.2
improvement in oil prices, he added. SANICHI-WD 0.030 20.00 VS-CQ 0.105 -30.00
MAXIS 0.39 0.030 5.620 7848.4 He added that oil and gas counters might see more activity in PETRONM-CC 0.240 20.00 LBS-CA 0.055 -26.67
TELEKOM MALAYSIA 0.37 0.060 6.330 2149.8 the near term should the current uptrend on the crude oil prices
DIGI.COM 0.26 0.020 4.800 2915.0 continue. Top gainers and losers - warrants (ranked by percentage)
PUBLIC BANK 0.26 0.040 20.540 7019.3 In Asian markets, Nikkei 225 dropped 0.6% to 19,959.84
HONG LEONG FINANCE -0.15 -0.080 17.000 80.0 UP CHANGE DOWN CHANGE
WESTPORTS HOLDINGS -0.17 -0.030 3.670 331.7
and Hong Kong Hang Seng Index dropped 0.56% to 26,979.39. CLOSE (%) CLOSE (%)
YTL CORPORATION -0.18 -0.010 1.410 6554.9 Anette Appaduray XINGHE-WA 0.010 100.00 YTL-C11 0.075 -79.73
AMMB HOLDINGS -0.25 -0.050 4.940 2011.8
World equity indices TM-C14 0.010 100.00 FGV-C37 0.090 -57.14
RHB BANK -0.40 -0.060 5.030 349.4 HUBLINE-WA 0.015 50.00 LCTITAN-CG 0.045 -52.63
SIME DARBY -0.45 -0.040 9.500 11732.9 CLOSE CHANGE CLOSE CHANGE SEM-CF 0.035 40.00 MAGNUM-C2 0.085 -43.33
GENTING -0.50 -0.080 9.640 2783.1
DOW JONES 21,830.31 33.76 INDONESIA 5,831.03 11.28 CMSB-C5 0.020 33.33 EWINT-CD 0.030 -40.00
HAP SENG CONSOLIDATED -0.57 -0.140 9.010 156.0
S&P 500 2,472.10 -3.32 JAPAN 19,959.84 -119.80 MEDAINC-WA 0.100 33.33 INARI-C3 0.155 -35.42
TENAGA NASIONAL -0.75 -0.080 14.160 9194.5
NASDAQ 100 5,908.92 -8.11 KOREA 2,400.99 -42.25 TFP-WA 0.115 27.78 KGROUP-WA 0.010 -33.33
AXIATA GROUP -0.89 -0.060 4.630 3743.7
FTSE 100 7,368.37 -74.65 PHILIPPINES 8,071.47 25.69 IRETEX-LA 0.025 25.00 FBMKLCI-H2W 0.010 -33.33
GENTING MALAYSIA -1.17 -0.120 5.990 4282.8
AUSTRALIA 5,702.82 -82.19 SINGAPORE 3,330.75 -23.96 HWGB-WD 0.025 25.00 DPS-WA 0.010 -33.33
SUB-TOTAL -3.46
CHINA 3,253.24 3.46 TAIWAN 10,423.05 -85.32 TM-C17 0.080 23.08 PMETAL-CS 0.100 -33.33
OTHERS 0.47
HONG KONG 26,979.39 -151.78 THAILAND 1,581.06 -2.11 SANICHI-WD 0.030 20.00 VS-CQ 0.105 -30.00
GRAND TOTAL -2.99
INDIA 32,309.88 -73.42 VIETNAM 777.09 5.59 PETRONM-CC 0.240 20.00 LBS-CA 0.055 -26.67
* How stock price changes affected the index on the previous trading day

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