FBM KLCI 1771.90 1.29 KLCI FUTURES 1769.00 3.00 STI 3342.92 5.88 RM/USD 4.2770 CPO RM2602.

USD 4.2770 CPO RM2602.00 40.00 OIL US$52.31 0.05 GOLD US$1265.40 8.80
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

FRIDAY AUGUST 4, 2017 ISSUE 2465/2017 Insider trading

FINANCIAL
charges against
KC Yeow
withdrawn
under AGs

DAILY MAKE
instruction
5 HOME BUSINESS
BETTER
DECISIONS
EVERY www.theedgemarkets.com
FRIDAY!
Get your free copy of
The Edge Property
pullout inside.
Download your
y
personal copy at
TheEdgeProperty.com

4 HOME BUSINESS

H
T Y E
L
Rev Asia hits limit-up

OpN
on bumper dividend
5 HOME BUSINESS

y.co
We will emerge as a

rt m er
pro
t y p
you n
ortal
eed
CCM
op
NEVER
Pr e
more nimble entity

AN
eE ge
6 HOME BUSINESS

d
Sunway sells hotel
OVERSUPPL Y
Th
property to Sunway
REIT for RM340m
7 HOME BUSINESS

LRT3 package award C H E OF SHOPPING MALLS,

S . LIS
T I N G S . D AT A . A N A LY TICS

AUN
building positive W S . N E W L
momentum in N E SAYS PPK MALAYSIA
construction sector Moree malls
m
maalls are
arree being
being built and none closed down
n
8 HOME BUSINESS llast
ast year. Wong Ee Lin has the story on Page 4.
Shell Malaysia
launches e-commerce
platform on Lazada
Pua: 1MDB can only settle debts
with government help
6 HOME BUSINESS
FBM KLCI 1771.90 1.29 KLCI FUTURES 1769.00 3.00 STI 3342.92 5.88 RM/USD 4.2770 CPO RM2602.00 40.00 OIL US$52.31 0.05 GOLD US$1265.40 8.80
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

FRIDAY AUGUST 4, 2017 ISSUE 2465/2017 Insider trading

FINANCIAL
charges against
KC Yeow
withdrawn
under AGs

DAILY MAKE
instruction
5 HOME BUSINESS
BETTER
DECISIONS
EVERY www.theedgemarkets.com
FRIDAY!
Get your free copy of
The Edge Property
pullout inside.
Download your
personal copy at
TheEdgeProperty.com

4 HOME BUSINESS

Rev Asia hits limit-up

on bumper dividend
5 HOME BUSINESS

We will emerge as a
more nimble entity
CCM
6 HOME BUSINESS

Sunway sells hotel

NEVER AN
property to Sunway
REIT for RM340m
OVERSUPPLY
7 HOME BUSINESS

LRT3 package award OF SHOPPING MALLS,

building positive
momentum in SAYS PPK MALAYSIA
construction sector More malls are being built and none closed down
8 HOME BUSINESS last year. Wong Ee Lin has the story on Page 4.
Shell Malaysia
launches e-commerce
platform on Lazada
Pua: 1MDB can only settle debts
with government help
6 HOME BUSINESS
2 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ON EDGE T V
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BUSINESS DEVELOPMENT
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BMW in e-car push
Plans are to shift past German rivals diesel pain
BY ELISABETH BEHRM ANN
MUNICH: BMW AG is setting its
sights on the future, with plans to
boost spending on electric cars and
self-driving features to move on
from the German auto industrys
diesel woes.
A day after agreeing to upgrade
newer diesel cars and offer trade-in
incentives on older models, BMW
underscored its focus on man-
aging the transition to an era of
electric-powered robo-taxis. The
Munich-based manufacturer has
also taken on a more combative
tone, pointing the finger at rivals
Volkswagen AG and Daimler AG
as being behind the curve.
No established competitor has
been able to put as many electrified
vehicles onto the road as we have,
chief executive officer Harald Krue-
ger said yesterday. The company
will also be able to build conven-
tional, hybrid and battery-pow-
ered variants on the same assembly
lines, with such flexibility being a
GREED BEATS FEAR ... War-torn Iraq deed conventional logic by issuing a US$1 billion (RM4.28 billion) ve-year security
on Wednesday, without the backing of the US. Investor demand was huge the deal was seven times oversubscribed. This enabled the
lead managers to lower the indicated yield by 25 basis points to a nal 6.75%. This is lower than whats available from a similar Ukraine
bond, though it is well above the recent ve-year issue from Greece, which trades at 4.6%. The credit ratings are similar. Bloomberg
Bar EGM votes to challenge judicial appointments in court
KUALA LUMPUR: The Malaysian
Bar has resolved to mount a legal
challenge against the appointments
of Chief Justice Tan Sri Md Raus
Sharif and Court of Appeal Presi-
dent Tan Sri Zulkefli Ahmad Mak-
inudin as additional judges of the
Federal Court.
This was among eight resolu-
tions adopted at the Bars extraor-
dinary general meeting (EGM)
yesterday.
Another resolution was for the
Bar to not invite Justices Md Raus
and Zulkefli for any of its social
functions as long as they remain
in their current positions beyond
their constitutional retirement
age of 66 years and six months.
All lawyers were also encouraged
to refrain from inviting the two
Krueger: No established competitor
has been able to put as many electried
vehicles onto the road as we have.
Photo by Reuters
key to success in times of volatility
and uncertain forecasts, he said.
BMW had the most decisive re-
sponse to the emergency diesel talks
in Berlin on Wednesday that sought
to stave off looming driving bans
in cities. It announced an offer of
2,000 (RM10,142) to trade in older
diesel cars for an electrified or new
diesel model, while Volkswagen
officials to their social events or
accepting their invitations.
News sites quoted Bar president
George Varughese as saying that
the resolutions were carried by an
overwhelming majority of the 993
members of the Bar who attended
the EGM at the Kuala Lumpur and
Selangor Chinese Assembly Hall.
The Bar held that the judges
appointments were unconstitu-
tional as well as null and void, Var-
ughese said.
The motion proposed by Var-
ughese was in regard to an an-
nouncement by the Prime Minis-
ters Office on July 7 which stated
that Md Raus was to continue as
an additional judge of the Federal
Court and as Chief Justice of the
Federal Court for another three
For breaking news updates go to
www.theedgemarkets.com
and Daimler lacked details. BMW
is also the only carmaker offering
an European Union-wide incentive,
Krueger said in a conference call.
The maker of BMW, MINI and
Rolls-Royce cars also has a low-
er burden to bear in the deal with
the German government, recall-
ing 300,000 cars compared with
900,000 for Daimler and 3.8 million
for Volkswagen. Krueger, who re-
peatedly insisted that his companys
cars are cleaner than rivals, literally
sought to separate himself from his
counterparts by standing a noticea-
ble distance from Volkswagens Mat-
thias Mueller and Daimlers Dieter
Zetsche during a press conference
to present the results of Germanys
unprecedented diesel summit.
Wednesdays deal has failed to
cool criticism carmakers are getting
an easy way out of the emissions
crisis. It will also need to convince
judges, who have the power to en-
act driving bans in municipalities
failing to meet air quality stand-
ards. Bloomberg
years from today, while Zulkefli was
to continue as an additional judge
of the same court and as president
of the Court of Appeal for another
two years from Sept 28.
Varughese said that if the judges
were to preside over cases and their
appointments were subsequently
declared unconstitutional, the va-
lidity of their judgements would
come into question.
One resolution was that if the
appointments were not declined
or the judges do not retire, the Bar
would no longer have confidence
in Md Raus and Zulkefli continuing
as the chief justice and as the Ap-
peals Court president respectively.
The Bar would initiate the legal
challenge very soon, Varughese was
reported as saying.
Indian Oil,
partners look for
cheaper site for
Pacic NorthWest
LNG terminal
BY NIDHI VERMA & NEHA DASGUPTA
NEW DELHI/BENGALURU: Indian
Oil Corp Ltd said it is in talks with its
partners to scout for an alternative,
cheaper site for the Pacific NorthWest
LNG terminal after the recent pull-
out of the lead developer cast doubt
on the future of the Canadian project.
Malaysias Petroliam Nasional Bhd
(Petronas), which held a majority
62% stake in the proposed C$36 bil-
lion (RM122.72 billion) Pacific North-
West LNG project in British Colum-
bia, said last week it was abandoning
the plan due to weak global prices.
Sanjiv Singh, chairman of Indian
Oil, which has a 10% stake in the
Canadian project, said at a press
conference that the company re-
mained interested in going ahead
with at least part of the plan.
Indian Oils head of business
development, G K Satish, said con-
sortium partners are talking about
alternatives.
Petronas pull-out dealt a blow to
the project and its partners which
would now have to invest addition-
al capital to complete the project.
Indian Oil is the first partner to
suggest the project could still go
ahead, in modified form.
The other partners in the project
are Chinese oil and gas giant Sinopec,
with 15%, Japex Montney Ltd, with
10%, and Petroleum Brunei, with 3%.
Petronas may have to write off
up to US$800 million (RM3.42 bil-
lion) for work already done on the
Canadian project, analysts say.
Japan Petroleum Exploration Co
said on Wednesday it would take a
loss of about C$102 million due to the
scrapping of the project. Reuters
NRDs bid to stay
Muslim surname
ruling dismissed
KUALA LUMPUR: The Court of Ap-
peal has unanimously dismissed
the National Registration Depart-
ments (NRD) attempt to restrain
a ruling that a Muslim child con-
ceived out of wedlock can be given
the fathers surname.
Court of Appeal judge Justice
Datuk Tengku Maimun Tuan Mat,
sitting with Justices Datuk Abdul
Rahman Sebli and Datuk Zaleha
Yusof, ruled that there were no spe-
cial circumstances to grant a stay,
news sites reported.
The Court of Appeal on July 25
said in its written judgement in a suit
by a Muslim child and his parents
against the NRD that the Births and
Deaths Registration Act 1957 allows
children born out of wedlock to bear
their fathers name. The court also
ruled that a fatwa (religious edict)
has no force of law.
The NRD had cited the National
Fatwa Committees 2003 fatwa that
a child conceived out of wedlock or
born fewer than six months from
the date of the parents marriage,
could not carry the fathers name.
4 HOME BUSINESS FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Never an oversupply of Rev Asia

hits limit-up
on bumper

shopping malls dividend

BY S UL H I A Z MA N

KUALA LUMPUR: Shares in Rev

More malls are being built and none closed down last year, says PPK Malaysia
BY WO N G EE L I N
KUALA LUMPUR: There is never an
oversupply of shopping malls, said
Persatuan Pengurusan Kompleks
(PPK) Malaysia adviser Richard
Chan, an opinion that differs from
the general belief.
Chan noted that although many
believe that there is an oversupply
of shopping malls, more malls are
still being built and no malls closed
down last year.
During the weekends, fami-
change and keep pace with the
market trends then youll do well,
said Chan.
According to data from the Na-
tional Property Information Centre
(Napic), Malaysia saw an increase
of 11.34% to 972 shopping com-
plexes in the country, with 14.85
million sq m as of the first quarter
of 2017 (1Q17), from 873 shopping
complexes with 12.39 million sq m
for the 4Q13.
Rising supply of retail poses con-
cerns about oversupply amid soft
Asia Bhd hit limit-up yesterday,
after it had on Wednesday de-
clared a special dividend of 44
sen per share, which will be paid
to its eligible shareholders by
Regulations 2015 (SMR), which Aug 28, 2017.
Number of shopping malls were expected to resolve problems The counter soared by 21.5
in Malaysia in strata management, have failed sen or 29.25% to close at 95 sen
Number of shopping malls
to do so. yesterday, its highest within the
Total space (s.m.) Chan explained that the SMA last three months. Based on yes-
1,000 15,000,000 has not been as effective because terdays closing price, Rev Asias
the act was drafted by industry market capitalisation stood at
800 players. He urged the authorities RM127.91 million. Rev Asia was
600
14,000,000 to take action on the issues raised the fourth most actively traded
by industry experts. counter across Bursa Malaysia
400
13,000,000
Furthermore, Bandar Utama with 42.12 million shares chang-
200
Corp Sdn Bhd director Tan Sri Da- ing hands, equivalent to 31.28%
tuk Ir Teo Chiang Kok brought up of its share capital.
0 12,000,000 issues faced by developers with The bumper dividend came
4Q13

4Q14

4Q15

4Q16

lies go to the malls. Our weather
doesnt really permit one to go
to the park, Chan told The Edge
Financial Daily yesterday at the
Property Management Time Bomb
Seminar 2017.
Chan highlighted that rather
than fearing an oversupply of malls,
developers have to understand
what the market needs.
As building a mall takes a
few years, Chan said developers
shouldnt be planning for a mall
based on current trends but to cater
to the future preferences.
You can see it in all the big
malls. They are adapting to the mar-
ket. If you (developers) are able to
consumer sentiment.
Some industry experts noted
that the shopping mall business
has come under pressure and un-
dergone substantial changes in
recent times due to a confluence
of external factors which includes
the oversupply of retail space.
Analysts observe that the rapid
increase in retail space is partly due
to property developers and con-
struction companies intention to
cultivate recurring rental income in
view that their earnings are cyclical.
Meanwhile, commenting on the
outlook for the retail industry, Chan
said there will be some growth but
not strong.
1Q17
We are quite stable right now.
The ringgit is quite stable, which
helps. So, prices wont be going up
much, said Chan. For the rest of
the year, I hope the retail [indus-
try] will be stable. It wont pick up
high, not at the moment, he said.
On a separate matter regarding
strata management, Chan told the
press conference yesterday that
the Strata Management Act 2013
(SMA) and Strata Management
(Maintenance and Management)
regard to the SMA.
Teo said the SMA and SMR,
which require developers to de-
termine all the share units of the
entire development before selling
the first parcel, is idealistic but not
practical as it will be a problem
when the development is phased
especially when the development
is a mixed-use development.
The determination of share
units means the developer has to
determine exactly what he has to
build. This restricts changes need-
ed due to changes in demand and
market conditions. Many projects
take five to 10 years to complete,
added Teo at the seminar yesterday.
after the completion of the sale of
its digital assets to Media Prima
Bhd for RM105 million. Rev Asia
netted a one-off disposal gain of
RM73.5 million, of which RM59
million has been set aside to pay
a cash dividend to its sharehold-
ers. Subsequent to the comple-
tion of the sale of its digital assets,
Rev Asia announced yesterday
that it had been classified by Bur-
sa as a cash company, as more
than 70% of its assets on a con-
solidated basis consisted of
cash or short-term investments.
As a cash company, Rev Asia
said it is required to place at least
90% of the cash and cash equiva-
lents in an account opened with
a financial institution licensed by
Bank Negara Malaysia and op-

FGV: Curbing worker shortage going on smoothly
BY A DA M A ZI Z
KUALA LUMPUR: Felda Global Ven-
tures Holdings Bhd (FGV) said that
its programme to curb the shortage
of some 8,000 workers at its plan-
tations is progressing smoothly.
FGV officer-in-charge Datuk
Khairil Anuar Aziz said some 600
foreign workers from Bangladesh
and Indonesia have begun to arrive
in stages this month.
Insya-Allah this labour shortage
problem is being addressed imme-
diately within the next few months,
said Khairil in a statement yesterday.
FGV currently operates over
450,000ha of plantations across Ma-
laysia and hires over 35,000 migrant
workers.
Khairil said FGV will always en-
sure every entry process of its for-
eign workers is in compliance with
both countries laws and policies.
As a responsible company, we
are also committed to the standards
set by the Roundtable on Sustain-
able Palm Oil on the employment
hiring process, he added.
The company has also recently
launched a nationwide recruitment
drive to offer locals, especial- FGV is actively conducting re-
ly new-generation settlers,
employment opportuni-
ties in its plantations.
Khairil: The company
also recently launched
nationwide recruitment
drive to oer locals
employment
opportunities
in its
plantations.
erated by a custodian. Rev Asia
added that it must ensure that
it will not withdraw the amount
except for implementing a pro-
Additionally, Khairil said that posal to acquire a new core busi-
ness that is approved by Bursa,
search and development for or declare pro rata distributions
the plantation sector, espe- to shareholders. At the same
cially in the areas of mecha- time, Rev Asia said it is required
nisation to ease the workload to regularise its cash company
and efficiency of day-to-day status by submitting a propos-
operations. al to acquire a new core busi-
Shares in FGV closed ness, which must be approved
one sen or 0.63% lower at by Bursa.
RM1.58 yesterday, The proposal to regularise its
bringing a mar- cash company status, Rev Asia
ket capitalisa- said, must be substantially com-
tion of RM5.76 prehensive and will increase its
billion. shareholder value.

Genting Singapore to give boost to Gentings earnings

BY N E I LY SYA FI QA H EU SO FF
KUALA LUMPUR: Genting Bhd
is expected to deliver a good set
of earnings numbers in the sec-
ond quarter ended June 30, 2017
(2QFY17) simply because of profit
contribution from its subsidiary
Genting Singapore PLC.
On top of that, Genting Malaysia
Bhd, another casino operator under
its umbrella, is also expected to re-
veal better earnings. Genting owns
49.32% of Genting Malaysia, and a
52.84% stake in Genting Singapore.
Genting Singapore beat analysts
expectations. The casino operator
reported a net profit of S$143.3 mil-
lion (RM451.1 million) for 2QFY17
compared to a net loss of S$10.5
million a year ago. Quarterly rev-
enue increased by 24% to S$596.1
million in 2QFY17 against S$480.9
million, mainly attributed to a higher
rolling win percentage in the pre-
mium player business. This is the
third sequential quarter Genting
Singapore has achieved revenue
growth after it was down to S$480.9
million in 2QFY16.
For the first half of financial year
2017 (1HFY17), Genting Singapore
recorded a net profit of S$324.4 mil-
lion from S$305,000 a year ago main-
ly due to the groups disposal of its
50% interest in an integrated resort
in Jeju, South Korea that reaped a
gain on disposal of S$96.3 million.
Genting Singapore reported reve-
nue of S$1.18 billion for 1HFY17, up
8.6% in year-on-year terms.
In a research note yesterday,
Kenanga Research analyst Teh Kian
Yeong maintained its outperform
rating on Genting with a target price
of RM11.30 per share pending the re-
lease of its 2QFY17 results. Teh said
management continued to be less
pessimistic, a stand taken since three
quarters ago as Genting Singapore
started to produce improved results.
Although the business volume
is still far from recovery from the
peak at Genting Singapore, the re-
cent quarters indicated that it has
likely bottomed out. Meanwhile, the
focus remains on growing the mass
and premium mass markets, he said.
Public Investment Bank, which
has an outperform rating on
Genting, noted that the cumulative
1HFY17 results were made up of 63%
of its full-year forecast. Although
1HFY17 has captured the effect of
a seasonally stronger 1QFY17, we
believe Genting Singapore would
continue to deliver stronger profit
due to a more stable operating en-
vironment and rigorous credit pol-
icy, said Public Investment Bank.
It opines that the medium- to long-
term catalysts for Genting include
Genting Singapores possible venture
into the Japanese gaming market, ex-
pansion of Resorts World New York
and the completion of an integrated
resort in Las Vegas.
However, the risk of potential
impairment at Genting Malaysia due
to the ongoing legal issue in Massa-
chusetts and delay in the launch of
[the] 20th Century Fox theme park
are seen as potential downside risks
to its share price performance, it
cautioned.
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
We will emerge as a more
nimble entity CCM
Company will see a better margin after the restructuring exercise, says MD
BY B I L LY TOH
KUALA LUMPUR: Chemical Com-
pany of Malaysia Bhd (CCM), an-
other company controlled by Per-
modalan Nasional Bhd (PNB) that
has undertaken a restructuring
exercise, expects itself to emerge
as a more nimble entity upon
completion of its demerger from
73.4%-owned subsidiary CCM Du-
opharma Biotech Bhd.
Furthermore, CCM Duophar-
ma would be able to expand its
business without being bounded
by CCMs high borrowings, said
CCM group managing director
(MD) Leonard Ariff Abdul Shatar.
The group on Wednesday un-
veiled a restructuring exercise that
involves the demerger of its phar-
maceutical unit through a distribu-
tion of its CCM Duopharma shares
to shareholders, the sales of three
parcels of land for RM190 million
and placement of new shares to
raise RM67 million.
PNB controls 70% of CCM. The
proposed corporate action will see
PNBs direct stake in CCM Duop-
Insider trading charges
against KC Yeow withdrawn
under AGs instruction
BY A DA M A ZI Z
KUALA LUMPUR: The Securi-
ties Commission Malaysia (SC),
under the instruction of Attor-
ney-General (AG) Tan Sri Mo-
hamed Apandi Ali, has with-
drawn its charges against Datuk
Yeow Kheng Chew on alleged in-
sider trading of shares in Kencana
Petroleum Bhd in 2011.
According to an announce-
ment by the SC yesterday, all
charges against Yeow and two
others his secretary Paulene
Chee Yuet Fang and her remis-
ier Tan Yee Chee were with-
drawn on July 20, 2017 under
the instruction of the AG. The
trio were charged by the SC on
July 29, 2016.
Yeow is known as a close as-
sociate of Tan Sri Mokhzani Ma-
hathir. Kencana Capital Sdn Bhd
is the duos investment vehicle,
in which Mokhzani held a 70%
stake as at Oct 31, 2016.
He was charged with insider
trading in relation to the pro-
posed merger of Kencana Petro-
leum and SapuraCrest Petrole-
um Bhd in 2011, under Section
188(2)(a) of the Capital Markets
and Services Act 2007 (CMSA).
The charge sheet stated that
harma increase to 51% from 4%.
However, CCMs share price yes-
terday reversed its upward trend
that started in late January following
the announcement of the restruc-
turing exercise.
The stock dropped 12 sen or 7.1%
to close at RM1.57 with 1.73 million
shares traded. Nonetheless, its share
price had climbed from the low of 90
sen in January to a seven-year high
of RM1.75 late last month. Year to
date, it has surged 78%.
A fund manager with a local as-
set management firm told The Edge
Financial Daily that the decline in
share price was likely to do with the
indicative price of RM1.49, which
was lower than the market price, for
the proposed private placement of
new CCM shares.
In addition, there is also concern
about future prospects for CCM
without its key contributor CCM
Duopharma.
Speaking at a media briefing
yesterday, Leonard acknowledged
that CCMs net profit would be af-
fected negatively initially given that
the pharmaceuticals segment was
65-year-old Yeow who is bet-
ter known as KC Yeow bought
1.159 million Kencana Petroleum
shares through Chee's Central
Depository System account on
July 8, 2011.
The merger between Kencana
Petroleum and SapuraCrest Pe-
troleum, worth a total of RM11.85
billion, was undertaken by special
purpose vehicle Integral Key Sdn
Bhd (IKSB).
The letter of offer from IKSB
was dated July 11, 2011, three days
after Yeow bought the shares in
Kencana Petroleum.
At the time, Yeow was an exec-
utive director of Kencana Petro-
leum, while Mokhzani was exec-
utive vice-chairman there.
On Dec 5, 2013, the duo relin-
quished their executive director-
ships in the merged entity, Sapu-
raKencana Petroleum Bhd, which
has been renamed as Sapura En-
ergy Bhd now.
Both were subsequently re-
designated to the role of non-ex-
ecutive directors, while Mokhza-
ni also took up the position of
non-executive vice-chairman.
On March 4, 2015, both Yeow
and Mokhzani resigned from
the company, citing personal
reasons.
the highest contributor as of the
financial year ended Dec 31, 2016
(FY16) and the first quarter of FY17
(1QFY17).
For 1QFY17, about 58% of the
contribution to revenue was from
the pharmaceuticals segment,
while another 30% came from the
chemicals segment and 10% from
the polymers segment. A similar
trend was seen in its annual report
for FY16, where pharmaceuticals
made up of about 50% of the groups
total revenue.
While the bottom line is going
to be affected, we will see a better
margin. Currently, the margin is at
about 8% to 10%, and while I cant
say the percentage post the demerg-
er, its anticipated to be higher,
said Leonard.
Leonard pointed out that CCMs
gearing level would be reduced
to 0.6 times from 0.7 times as the
group would utilise cash from the
land sale and share placement to
pare down debts.
CCM is expected to enjoy lower
interest expense as a result of the
reduction in borrowings with pro-
EDITORS PICKS FROM
theedgemarkets.com
Turkish rms ISG investment plan may lead
to strategic tie with MAHB Nomura
BY S U LHI AZ M AN
KUALA LUMPUR: The plan by Turk-
ish airport operator TAV Airports
Holding Co to acquire a stake in Is-
tanbul Sabiha Gokcen International
Airport (ISG) could potentially pave
the way for a strategic partnership
with Malaysia Airports Holdings Bhd
(MAHB), said Nomura Securities
Malaysia Sdn Bhd.
Nomura said such a pact could
lead to TAV negotiating with the
Turkish government to have the
ISG airport operation concession
which will be expiring in 2020 to take up a stake in ISG were un-
extended and ultimately boosting
valuations.
MAHB currently owns 100%
of ISG, which has been granted a
20-year operating concession with
effect from October 2009.
Our checks with MAHB also
indicate such intention and we
also note they (MAHB) intend
to retain majority ownership [in
ISG], Nomura logistics and trans-
portation analyst Ahmad Maghfur
Usman wrote in a note to clients
yesterday.
On Wednesday, TAV presi-
dent and chief executive officer
Dr Mustafa Sani Sener said in an
interview with Bloomberg TV that
his company would be submitting
HOME BUSINESS 5
ceeds from its proposed land sale
and new share placement, he said.
Right now, its about RM21 mil-
lion in interest cost alone [every
year] to service the debt. With the
completion of the corporate exer-
cises, interest cost would be about
a quarter of the current level or
about RM5.25 million per year,
Leonard explained.
A leaner and smaller operation
after the demerger exercise, CCM
is expected to reduce its operat-
ing costs.
Moving forward, he said the fo-
cus would be to grow and expand
the chemicals and polymers busi-
nesses. Currently, in the chemicals
business, CCM commands about
35% of the market share in Malay-
sia, while the polymers business is
also quite sizeable.
When asked if the latest cor-
porate proposal has to do with
PNBs active restructuring exer-
cise at some of its companies, such
as Sime Darby Bhd, Leonard said
it is something that the group has
planned since three years ago.
He shared that the proposals
a bid to take up a stake in ISG by
next month.
Sener said, No one should ex-
pect us to make a higher-than-nor-
mal bid for ISG.
MAHB had earlier been report-
ed to be looking for a strategic
partner to operate ISG, with the
potential suitor taking up a mi-
nority stake. TAV, which owns and
operates Turkeys largest airport,
Ataturk Airport International Ter-
minal, was among the names ban-
died as a potential suitor.
While previous attempts by TAV
20% and 25% respectively.
successful as MAHB exercised
its first right of refusal Ahmad
Maghfur reckoned that this time
is different as the expiry of the Atat-
urk airport concession removes
such conflict.
We also understand that the
Turkish government remains com-
mitted to ISG in the long term as
more capital expenditure (capex)
has been rolled out for the second
runway due for completion some-
time in 2019, he added.
Under the current operating
agreement, Ahmad Maghfur said
the airports runway capex is borne
by the Turkish government.
As for the stake in ISG, assum-
ing MAHB intends to divests a
are a natural step in furthering
growth at each division through
optimisation of its capital struc-
ture, thereby enabling CCM to
focus on managing growth of its
chemical products and polymer
coatings businesses.
The initiatives are a continua-
tion of our strategic review which
commenced in 2015 to house all
of our pharmaceuticals business-
es under the CCM Duopharmas
umbrella, to exit from non-per-
forming business segments, and
strengthen our balance sheet to
enable ample agility to pursue our
capital expansions and a sustaina-
ble growth strategy for the future.
The proposed initiatives will
lighten the balance sheet for CCM
and give shareholders direct own-
ership in both CCM and CCM Du-
opharma, and participate directly
in the growth of the two separate
entities. It is expected that the re-
structuring will enable us to uti-
lise our resources more effectively
and efficiently, and promote strong
growth for our chemicals and pol-
ymers businesses, Leonard said.
49% stake, Ahmad Maghfur said
it could potentially fetch a price
of 201.6 million (RM1 billion).
Without taking any adjust-
ments in concession fair value, we
estimate that this will also remove
as much as RM135.5 million in
losses [from ISG] in financial year
ending Dec 31, 2017 (FY17), after
netting off the potential 49% stake
owned by TAV, he added.
As a result, the Nomura ana-
lyst said MAHBs core earnings
for FY17, FY18 and FY19 are es-
timated to nudge higher by 46%,
Currently, Ahmad Maghfur
said Nomura valued ISG at RM2
billion, which is below MAHBs
total investment cost in ISG of
RM2.3 billion.
For ISG to even break even, he
said MAHB would need to price ISG
at a price-earnings multiple of 9.6
times, which is a valuation multi-
ple that TAV could likely afford.
Such an event, Ahmad Magh-
fur said, would present potential
upside to Nomuras valuation of
ISG and, ultimately, MAHB.
Shares in Khazanah Nasion-
al Bhd-controlled MAHB closed
unchanged at RM8.75 yesterday,
with a market capitalisation of
RM14.52 billion.
6 HOME BUSINESS
1MDB can only settle
debts with govt help
Pua thinks banks wont facilitate sale of its investment fund units
KUALA LUMPUR: A direct pay-
ment by the government is the
only way 1Malaysia Development
Bhd (1MDB) can settle its debts
to the International Petroleum
Investment Company (IPIC), op-
position parliamentarian Tony
Pua claimed yesterday.
Referring to the troubled funds
statement that it will meet its debt
obligations to IPIC primarily via
monetisation of 1MDB-owned in-
vestment fund units, Pua said he
doesnt think any bank would be
prepared to facilitate the sale of
the units.
1MDB has failed to meet its
self-imposed deadline to repay its
debts to IPIC. The first instalment
of US$602.725 million (RM2.58
billion) was due to the Abu Dha-
bi state-owned sovereign fund on
July 31 as part of the settlement
arrived in the London Court of
International Arbitration among
IPIC, 1MDB and the finance min-
istry in April.
Now with the payment in de-
fault, 1MDB has said it is awaiting
funds that were due to be received
NEWS IN BRIEF
F&N 3Q net prot down 25.8% on weak consumer
sentiment, higher input costs
BY B I L LY TOH
KUALA LUMPUR: Fraser & Neave
Holdings Bhds (F&N) net profit for
the third financial quarter ended
June 30, 2017 (3QFY17) fell 25.8%
to RM69.4 million or 18.9 sen per
share, from RM93.6 million or 25.5
sen per share a year ago, hurt by
weak consumer sentiment and
higher input costs in Malaysia.
Quarterly revenue slid 6.1%
to RM1.04 billion from RM1.11
billion in 3QFY16.
Operating profit for food and
beverages (F&B) in Malaysia
dropped 61.3% to RM24.2 mil-
lion in 3QFY17, from RM62.6
million in 3QFY16, as revenue
fell by 14% to RM592.5 million
from RM688.7 million.
In a filing with Bursa Malaysia
Tune Protect appoints two top executives
BY A NETTE A PPA DU RAY
KUALA LUMPUR: Tune Protect
Group Bhd has appointed Khoo
Ai Lin as chief executive officer of
the groups 83.3%-owned subsidi-
ary Tune Insurance Malaysia Bhd.
In a filing with Bursa Malay-
sia yesterday, Tune Protect also
announced the appointment of
Khor Kee Eng as the groups chief
in July. Due to the need for addi-
tional regulatory approvals, the
receipt of those funds has been
delayed to August.
In a statement, Pua said: There
is no bank in the world today which
is willing to process the sale of
1MDB-owned investment fund
units. This is because the Unit-
ed States Department of Justice
has stated that these units were
fraudulent.
They were created to cover up
the more than US$1 billion which
was misappropriated by 1MDB to
Good Star Ltd when the intent was
to have invested with Petrosaudi
International Ltd, Pua said.
In fact, the Singapore courts
[have] also confirmed that the fi-
nancial analyst from NRA Capital
in Singapore was bribed to produce
the false valuation report on these
investment units, he added.
Therefore, claimed Pua, any
bank which facilitates a transac-
tion involving the sale of the in-
vestment units by 1MDB to any
party would be guilty of facilitating
money laundering.
yesterday, F&N said the weaker rev-
enue was due to continuing weak
sentiment during the Hari Raya fes-
tive season, coupled with intense
pricing pressure from competitors.
It added that growth in F&B ex-
ports mitigated the decline in do-
mestic sales.
The operating profit saw a huge
drop on lower revenue, higher in-
put costs, particularly for sugar,
and restructuring costs.
Similarly, operating profit for its
F&B business in Thailand slipped by
2.4% to RM51.5 million in 3QFY17,
from RM52.8 million in 3QFY16.
This was despite revenue growing
6.8% to RM451.2 million in 3QFY17,
from RM422.3 million a year ago.
F&N attributed the lower operating
profit to higher raw material costs,
which were partially mitigated by
actuary to lead its actuarial function.
He will be instrumental in
building an agile actuarial team
that will develop and champion
best-in-class actuarial techniques
and methodologies throughout the
group, it added.
Khoo has 24 years of experience
in both life and general insurance,
and has held various senior man-
agement roles in the areas of sales
He noted that BSI Bank, the Sin-
gapore branch of the 132-year-old
Swiss private bank which was the
custodian bank for the 1MDB
investment, had already been
punished. Its merchant banking
licence was terminated by Singa-
pore, and subsequently, Switzer-
lands financial regulator, Finma,
demanded that the bank be dis-
solved.
No bank worth its salt would
want to experience and endure the
same fate as BSI Bank or many other
banks which have been fined and
punished as a result of their en-
tanglement with 1MDB, said Pua.
The only way for 1MDB to repay
IPIC, he said, would be a direct
payment by the Malaysian gov-
ernment to IPIC.
However, if that were to hap-
pen, it would be a direct admission
by the government that 1MDB is
carrying the fraudulent investment
and billions of dollars have been
lost and stolen from the company,
which require a further mega-bail-
out from the countrys coffers,
he said.
cautious trade spending.
For the cumulative nine months
(9MFY17), F&Ns net profit fell 9.5%
to RM303.7 million or 82.9 sen per
share, from RM335.8 million or 91.7
sen per share a year ago. Revenue
also slipped 2.1% to RM3.13 billion
from RM3.19 billion in 9MFY16.
Going forward, F&N said, the busi-
ness environment in Malaysia is ex-
pected to remain challenging, with
continuing weak consumer senti-
ment and intense price competition.
Management also remains cau-
tious about the state of consumer
sentiment in Thailand.
Input costs in the near to mid
term for F&B Thailand and F&B
Malaysia are expected to increase,
following uptrends in packaging
cost, and milk powder and sugar
prices, it added.
and distribution, operations and
marketing.
The group is optimistic that
these [two] additions will accel-
erate growth and transformation
in becoming the digital insurer of
choice, said Tune Protect.
Tune Protect shares closed
0.94% or one sen lower at RM1.06
yesterday, giving it a market capi-
talisation of RM796.9 million.
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Sunway sells hotel
property to Sunway REIT
BY ADE L A MEG A N W IL LY
KUALA LUMPUR: Sunway Bhd is
disposing of its Sunway Clio proper-
ty to Sunway Real Estate Investment
Trust (Sunway REIT) as it wants to
eliminate any conflict of interest
with regard to the property.
Sunway said its wholly-owned
subsidiary, Sunway Forum Hotel Sdn
Bhd, will receive RM340 million for
the property, which comprises the
Sunway Clio Hotel, a three-storey re-
tail space and a multistorey car park.
In a filing with Bursa Malaysia,
Sunway explained that the property
is located near Sunway Resort Hotel
& Spa and Sunway Pyramid Hotel,
which are owned by Sunway REIT.
It also pointed out that Sunway Clio
Hotel is currently leased to Sunway
Resort Hotel Sdn Bhd (SRH), which
is also the lessee of Sunway Resort
Hotel & Spa and Sunway Pyramid
Hotel.
Although the Sunway Clio prop-
erty was developed as a long-term
investment asset by the vendor (Sun-
way Forum) on a parcel of land it
[had] owned since 2001, in view of
the circumstances above, the pro-
posed disposal was undertaken to
eliminate any potential conflict of
interest situations or any perceived
conflict of interest, Sunway said.
Sunway REIT, meanwhile, said in a
statement that the proposed acquisi-
tion of the property will be fully fund-
ed by its existing debt programme.
MHBs net loss widens in 2Q;
share price hits new low
BY NE I LY SYA F IQA H E US O F F
KUALA LUMPUR: Malaysia Marine
and Heavy Engineering Holdings
Bhd (MHB) continued to be in
the red, posting a quarterly net
loss of RM13.7 million for the sec-
ond quarter ended June 30, 2017
(2QFY17), amid lower revenue and
weaker segmental performance.
This was the seventh consecu-
tive quarter of losses for the fab-
rication yard operator, in which
MISC Bhd controlled by Petro-
liam Nasional Bhd holds a 66.5%
stake.
In a filing with Bursa Malaysia
yesterday, MHB announced that
its 2QFY17 revenue was down to
RM256.2 million, compared with
RM297.4 million for the previous
corresponding quarter. Its operat-
ing loss widened to RM10.3 million
from RM492,000 a year ago.
For its heavy engineering seg-
ment, revenue declined 27% to
RM158 million from RM217.8 mil-
lion, due to lower revenue, as most
ongoing projects were nearing
completion.
However, the segments oper-
ating loss of RM22.4 million was
lower against RM25.6 million in
2QFY16, underpinned by recog-
nition of change orders and fi-
nalisation of completed projects
in the quarter.
According to Sunway, Sunway
Forum plans to use the proceeds
from the proposed disposal to re-
pay its existing borrowings and for
working capital.
The exercise is not expected to
have any material effect on its earn-
ings and distribution per unit for
the financial year ending June 30,
2018, and will generate positive
yield accretive to its asset portfolio.
Following the proposed acqui-
sition, Sunway Clio Hotel will be
leased to SRH for an initial term of
10 years, with an option of renewal
by SRH for an additional 10 years.
Additionally, Sunway REIT has
also entered into a conditional
car park tenancy agreement with
Sunway Leisure Sdn Bhd, which
is also wholly-owned by Sunway,
for a period of three years, com-
mencing from the date of com-
pletion of the acquisition, with
an option of renewal for a further
three years.
Pursuant to the exercise, Sunway
City Sdn Bhd (SunCity), which is
the holding company of Sunway
REIT, Sunway Forum and Sunway
Leisure, will provide Sunway REIT
a guaranteed net property income
(NPI) of RM20.23 million per an-
num for a period of four years.
Should there be any shortfall,
SunCity said, it will pay the amount
equivalent to the difference be-
tween the actual total annual NPI
achieved and the guaranteed NPI.
Malaysia Marine and Heavy
Engineering Holdings Bhd
1.2
RM
1.0
0.8
RM0.71
0.6
July 13, 2016 Aug 3, 2017
Revenue from MHBs marine
segment grew by 25% to RM99.3
million, on the back of higher
conversion work, negated by
lower liquefied natural gas ves-
sel repairs, while operating prof-
it rose to RM14.4 million from
RM4.2 million.
For the cumulative six-month
period ended June 30, 2017,
the groups net loss widened to
RM30.3 million from RM10.1
million a year earlier. Revenue
fell to RM493.1 million from
RM554.2 million.
MHBs share price fell two
sen or 2.74% to its all-time low
of 71 sen yesterday. Year to date,
the stock has shed nearly 21%.
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
HOME BUSINESS 7

LRT3 award building momentum

Impending contracts for the project expected to benefit both small and large contractors, says analyst
BY S UL H I A ZMA N
KUALA LUMPUR: Prasarana Ma-
laysia Bhds latest award of work
package worth RM1.6 billion for the
Light Rail Transit 3 (LRT3) project,
linking Bandar Utama to Klang, is
building a positive momentum in
the construction sector.
According to CIMB Investment
Bank Bhd (CIMB IB), which keeps
its overweight call on the construc-
tion sector, the impending award
of the LRT3 contracts within the
second half of this year (2H17) is
expected to benefit both small and
large contractors.
The rail theme continues to be
the main sector driver in 2H17, both
in terms of contract awards and
progress news flow. Over the com-
ing months, LRT3s award phase is
likely to be accelerated as ground-
works on the project are expected
to be in full swing from 2018, CIMB
IB senior analyst Sharizan Rosely
said in a note to clients yesterday.
Sharizans continued optimism in
the construction sector was renewed
after Prasarana had on Wednesday
awarded a consortium comprising
three firms CRRC Zhuzhou Lo-
comotive Co Ltd, Siemens Ltd China
and Tegap Dinamik Sdn Bhd with a
contract to deliver 42 six-car light rail
vehicles for the upcoming LRT3 line.
Prasarana president and group
chief executive officer Datuk Seri
Azmi Abdul Aziz also said three
more work packages, collectively
valued at RM2.5 billion, would be
announced by the end of this month.
We expect the three packages
to be related to the viaduct or above
ground packages including station
works, and could also include addi-
tional depot packages in Klang. It is
unknown at this juncture whether it
will include the single 2km tunnel-
ling package, said Sharizan.
He sees Gamuda Bhd, CIMB IBs
top pick in the construction sector,
to be the front runner for the 2km
underground tunnelling package
given its strong expertise and pre-
vious experiences in underground
rail tunnels.
Based on the average combined
RM514 million cost per kilometre
for the construction of the Sungai
Buloh-Kajang mass rapid transit line
and Sungai Buloh-Serdang-Putrajaya
line, Sharizan said Gamuda stands
a good chance of clinching the tun-
nelling contract which could worth
as much as RM1 billion.
Sharizan also views IJM Corp,
Sunway Bhd and WCT Holdings
Bhd as potential winners of the LRT3
upcoming contract awards.
Also positive about the construc-
tion sector, Maybank Investment
Bank Bhd said the latest award of
the LRT3 work package shows that
the sector is gathering steam.
Similarly, Affin Hwang Invest-
ment Bank Bhd which is main-
taining an outperform call on the
construction sector noted that
news flow on contract awards should
sustain the construction sectors
outperformance in 2H17.
We believe the construction sec-
tors core earnings per share growth
is on track to rebound from a 6% year-
on-year (y-o-y) contraction in 2016
to a growth of 16% y-o-y in 2017 and
18% y-o-y in 2018, driven by high-
er progress billings on burgeoning
construction order books, it added.
AllianceDBS Research Sdn Bhd
said the latest LRT3 work package
award is a testimony to the high-
er development expenditure con-
tained in the 11th Malaysia Plan,
with RM260 billion allocated over
the next five years.
This gives some assurance that
project flows will continue to be
forthcoming, and transportation-re-
lated projects which are govern-
ment-backed have very little risk of
being shelved, it said, keeping an
overweight call on the construc-
tion sector.

MGO exemption for UMW-OG

AirAsia carries 14% more is fair and reasonable
passengers in 2Q BY ADAM A Z IZ

KUALA LUMPUR: The proposed

BY N E I LY SYA FI QA H EU SOFF
KUALA LUMPUR: AirAsia Bhd,
Asias largest budget airline by
fleet size, carried 14% more pas-
sengers in the second quarter of
2017 (2Q17), with seating capac-
ity up 11% year-on-year (y-o-y).
It flew 15.81 million passengers
in 2Q17, compared with the 13.91
million passengers flown in 2Q16.
The seat load factor improved
accordingly, rising three percent-
age points (ppts) to 88%, com-
pared with the year-ago period.
The available seat kilometres, a
measure of passenger capacity, were
also up 9% y-o-y, while passenger
traffic, measured by revenue pas-
senger kilometres, rose 12% y-o-y.
As at June 30, 2017, the airlines
total fleet size stood at 178 aircraft.
This excludes two aircraft that have
been delivered to AirAsia Japan,
but yet to commence operation.
Taking into account its Malay-
sian, Indonesian and Philippine
NuEnergy gets nod for Indonesia coal bed methane plan
BY CH O N G JI N HU N
KUALA LUMPUR: Globaltec For-
mation Bhd said its Australia-listed
44%-owned subsidiary NuEnergy Gas
Ltd has received approval to prepare
a plan of development for its Tanjung
Enim production sharing contract
(PSC) in South Sumatra, Indonesia.
The approval marks a significant
milestone for Globaltec as it works
towards delivering the groups first
coal bed methane supply.
In a filing with Bursa Malaysia
yesterday, Globaltec said NuEner-
gy will now work with Indonesian
regulator SKK Migas, which granted
ber of passengers carried in the
Passenger numbers carried by three markets to a strong demand
AirAsia Bhd (2QFY15-2QFY17) for air travel, which led to an im-
20
provement of its seat load factor
by 2ppts to 89% in 2Q17.
The three markets ended 2Q
15 with a fleet size of 106 aircraft,
comprising 77 registered in Ma-
10
laysia, 14 in Indonesia and 15 in
the Philippines.
Meanwhile, AirAsia reported
5 that the number of passengers
Thai AirAsia carried increased
0
13% y-o-y to 4.69 million, which
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q was higher than the 9% growth in
FY2015 FY2016 FY2017 seat capacity. Its load factor also
Total number of passengers carried (mil) rose 3ppts to 86% in 2Q17.
Year-on-year increase (%) AirAsia India also saw the num-
Source: AirAsia Bhd ber of passengers flown rise 89%
y-o-y to 1.01 million in 2Q17, on
the back of an 83% increase in
operations alone, AirAsia carried capacity. Load factor was up by
10% more passengers to 9.61 mil- 3ppts to 90%.
lion in 2Q17 from 8.73 million in AirAsia shares closed un-
2Q16, while capacity rose 8%. changed at RM3.26 yesterday,
In a statement yesterday, AirA- giving it a market capitalisation
sia attributed the higher num- of RM10.96 billion.
the approval for preparing the plan north and north-west of the Tanjung
of development. Enim PSC, where NuEnergy has fo-
The clean energy company is aim- cused its exploration, drilling and
ing to submit its plan of develop- pilot production activities over the
ment proposal to Indonesias minis- last eight years.
try of energy and mineral resources The target buyers will be focused
through SKK Migas before the end around the proposed plan of devel-
of the year. opment areas, which is close to the
Globaltec said its partners PT existing networks and markets with
Pertamina and PT Bukit Asam, two gas infrastructure. During the plan of
state-owned energy and resources development preparation, NuEner-
companies have given their com- gy will carry out discussion with the
mitments to the plan of development target buyers and negotiate on gas
preparation and to the long-term de- sales agreements, said Globaltec.
velopment of the Tanjung Enim PSC. NuEnergy holds six onshore PSCs
The proposed plans for the de- across South Sumatra, Central Su-
velopment target two areas the matra and East Kalimantan.
exemption sought by UMW Oil
& Gas Corp Bhds (UMW-OG)
major shareholders Permodalan
Nasional Bhd (PNB), Amanah
Saham Bumiputera and persons
acting-in-concert (PACs) from
undertaking a mandatory gener-
al offer (MGO) for the remaining
shares and warrants in the group
is considered to be fair and rea-
sonable.
In a letter filed with Bursa
Malaysia yesterday, independ-
ent adviser Mercury Securities
Sdn Bhd is advising UMW-OG
minority shareholders to vote
in favour of the proposal in the
groups extraordinary general
meeting on Aug 25.
The proposed exemption, if
granted, will allow UMW-OG to
undertake a recapitalisation ex-
ercise, said Mercury Securities.
UMW Holdings Bhd is dis-
tributing its 55.7% shareholding
in UMW-OG to its shareholders
as part of its plan to exit the oil
and gas industry. This will result
in PNB and the PACs holding a
combined 45.47% stake in UMW-
OG, which will in turn trigger
an MGO.
The recapitalisation exercise
proposed by UMW-OG entails a
rights issue of up to 6.05 billion
rights shares on the basis of 14
rights shares for every five UMW-
OG shares at 30 sen apiece, to-
gether with up to 1.51 billion free
warrants on the basis of one war-
rant for every four rights shares
subscribed at an exercise price
of 39.5 sen. This will raise RM1.82
billion, which will be used to pare
down its debt.
PNB has agreed to take on
its full allocation and to absorb
any unsubscribed rights shares
without resulting in its share-
holding exceeding 65%. In such
an event, the remaining unsub-
scribed rights shares will be con-
verted into Islamic redeemable
convertible preference shares.
Mercury Securities said the
recapitalisation exercise serves
to reduce the groups reliance on
debt financing which has grown
significantly post UMW-OGs in-
itial public offering at end-2013.
However, it has not undertak-
en any equity fundraising exer-
cise to raise proceeds for its cap-
ital expenditure and/or working
capital requirements, thus con-
tributing to a high gearing level,
said Mercury Securities.
The proposed
exemption will
allow UMW-OG
to undertake a
recapitalisation
exercise.
The independent adviser also
noted that amid the current dif-
ficult economic conditions and
a low charter rate environment,
it is essential for the group to be
cost-competitive and to main-
tain a level of operational sus-
tainable cash flow, taking into
consideration that an amount of
approximately RM1.5 billion is to
be repaid by end-2017.
Premised on our overall as-
sessment of the proposed exemp-
tion on a holistic basis, we are of
the opinion that the proposed
exemption is fair and reasona-
ble, it added.
The independent adviser
noted that the exercise will see
UMW-OGs net gearing reduced
from 1.88 times as at March 31,
2017 to 0.64 times. As at March
31, UMW-OG had short-term
borrowings of RM1.51 billion
and long-term debts of RM2.49
billion.
8 ST O C KS W I T H M O M E N T U M
FOCUS LUMBER BHD (-ve)
SHARES in Focus Lumber Bhd (fundamental:
1.75/3, valuation: 1.8/3) trigged our momen-
tum algorithm for the second time this year.
The plywood manufacturer rose 10 sen or
5.68% to close at RM1.86 yesterday, giving
it a market capitalisation of RM191.95 mil-
lion. A total of 4.76 million shares exchanged
hands yesterday, exceeding its average 200-
day volume of 678,653 shares.
For the first quarter ended March 31, 2017
FOCUS LUMBER BHD
HEVEABOARD BHD (+ve)
SHARES in Heveaboard Bhd (fundamental:
3/3, valuation: 2.1/3) triggered our momen-
tum algorithm for the third time this year.
The particle board manufacturer closed
seven sen or 4.19% higher at RM1.74 sen
yesterday, giving it a market capitalisation
of RM940.74 million.
The counter saw some 14.83 million shares
traded, exceeding its 200-day average vol-
ume of 2.98 million shares.
Yesterday, JF Apex Securities Bhd initiat-
ed its coverage on Heveaboard with a buy
HEVEABOARD BHD
TFP SOLUTIONS BHD (+ve)
SHARES in ACE Market-listed TFP Solutions
Bhd (fundamental: 0.95/3, valuation: 0/3),
triggered our momentum algorithm for the
sixth time this year.
Yesterday, the counter slipped 0.5 sen
or 2.27% to close at 21.5 sen, valuing it at
RM44.09 million. The stock saw 2.92 million
shares traded, equivalent to 1.43% of its share
capital, which exceeded its 200-day average
TFP SOLUTIONS BHD
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
(1QFY17), Focus Lumbers net profit nearly
doubled to RM6.26 million from RM3.31 mil-
lion a year ago, due to improved production
recovery rate and lower production cost.
This was despite quarterly revenue drop-
ping by 10.24% to RM47.83 million from
Shell Malaysia launches
RM53.29 million in 1QFY16, on lower sales
volume and selling price.
At the current share price, Focus Lumber
e-commerce platform
is trading at 1.09 times its book value.
on Lazada
Valuation score* 1.80 BY ANE TTE AP PADU RAY hope to launch the package services na-
Fundamental score** 1.75 tionwide in the near future, said Ressel.
TTM P/E (x) 8.21 KUALA LUMPUR : Shell Malaysia Trading Chapman said Shell does face issues
TTM PEG (x) (0.28) Sdn Bhd has partnered with e-commerce with regard to the sale of counterfeit or
P/NAV (x) 1.09
company Lazada Malaysia to launch an non-genuine motor oil on the market.
online store to sell motor oil products. I am sure we are not the only [compa-
TTM Dividend yield (%) 3.41 Today (yesterday), we are proud to be ny] that faces this kind of issue, [but] we do
Market capitalisation (mil) 181.63 the first oil and gas company in Malaysia to monitor it closely and take action that is
Shares outstanding (ex-treasury) mil 103.20 have an official presence on a leading e-com- within the law, and work with government
Beta 0.65 merce platform such as Lazada Malaysia, officials when we find out about parties
12-month price range 1.41-1.78 said Shell Lubricants executive director for that are not selling genuine products to
*Valuation score - Composite measure of historical return & valuation
Southeast Asia & Oceania Troy Chapman. ensure that we are protecting consumers
**Fundamental score - Composite measure of balance sheet strength This initiative would help expand our in Malaysia, he said.
& protability market coverage and reach significantly On the Lazada side, Ressel said the
Note: A score of 3.0 is the best to have and 0.0 is the worst to have and complement our extensive brick and marketplace has strict quality control as-
mortar network in this country, which has sessment practices for the merchants and
been built over the past 125 years, he said products being sold on the marketplace
at the launch.
Lazada Malaysia chief executive officer
to deter the sale of counterfeit products.
We have strict processes not only when
call and a target price of RM2.12 per share, Hans-Peter Ressel said customers from uploading products [on the website] but
which was pegged at a 12-month forward throughout the country can now order products go through a thorough quality
price-earnings multiple of 11 times. the motor oil products on the Lazada control cycle so that [any issues found]
Describing Heveaboard as a firm with Malaysia store. will be flagged, he said.
unwavering pursuit of excellence, JF Apex There will also be engine oil service There is also a manual quality check
Securities has urged investors to accumulate packages available for customers at se- with the merchant to verify that this is
the stock, which is a fundamentally sound lected authorised workshops in the Klang the real merchant selling the real prod-
company, enjoying three-year compounded Valley and Johor. uct, he added.
annual growth rate of 53.1% in its headline [The service packages] is a pilot project The Lazada group currently has a pres-
net profit from 2013 until 2016. but once we [take some time] to iron out ence in Malaysia, Singapore, Thailand,
At the current share price, Heveaboard is any issues we may have missed, then we Indonesia, Vietnam and the Philippines.
trading at 2.02 times its book value.
Valuation score* 2.10
Fundamental score** 3.00 Handal bags three-year oshore crane
TTM P/E (x) 10.52
TTM PEG (x) 1.51
services job from ExxonMobil
P/NAV (x) 2.03
BY S U LHI AZ M AN years up to July 26, 2020, with an option
TTM Dividend yield (%) 4.10 for a one-year extension.
Market capitalisation (mil) 901.92 KUALA LUMPUR: Handal Resources It added that its wholly-owned subsidi-
Shares outstanding (ex-treasury) mil 540.07 Bhd has bagged a contract to provide ary Handal Offshore Services Sdn Bhd had
Beta 0.76 onshore overhaul, major repair and re- on July 27 signed a goods and services out-
12-month price range 0.98-1.68 furbishment services for offshore cranes line agreement with ExxonMobil for the job.
*Valuation score - Composite measure of historical return & valuation
to ExxonMobil Exploration and Produc- [The contract] is expected to contrib-
**Fundamental score - Composite measure of balance sheet strength tion Malaysia Inc. ute positively to increase in the groups
& protability In a filing with Bursa Malaysia yesterday, earnings and net assets per share for the
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Handal said the value of the contract will financial year ending Dec 31, 2017 to 2020,
only be determined at the point of time that said Handal.
the service is being provided during the The group added that it is always look-
tenure of the contract, which is for three ing at replenishing its current order book.
trading volume of 296,388 shares.
On Tuesday, Public Investment Bank
Bhd which has a trading buy call on the PIDM names Raz Azuan as CEO
stock noted that the technical indicators
currently signal reasonable entry level, with BY NE I LY SYAFI QAH taining a strong manage-
anticipation of continuous improvement in E U S O FF ment team. The board is
both momentum and trend in the near term. confident that Rafiz will
At the current share price, TFP Solutions KUALA LUMPUR: Perba- take up the mantle of lead-
is trading at 3.42 times its book value. danan Insurans Deposit ership and continue to ad-
Malaysia (PIDM) execu- vance PIDM, he said in a
tive general manager Rafiz statement yesterday.
Azuan Abdullah (pic) has Rafiz has served PIDM
Valuation score* 0.00 been promoted to chief since 2007. Prior to his
Fundamental score** 0.95 executive officer (CEO) current role, he was the
TTM P/E (x) - of the company effective general manager of the in-
TTM PEG (x) - Aug 28. surance, risk assessment
He replaces Jean Pierre and monitoring division.
P/NAV (x) 3.42
Sabourin who is retiring Rafiz is also a member
TTM Dividend yield (%) - after 12 years of service. of the executive commit-
Market capitalisation (mil) 44.83 PIDM chairman Tan Sri Dr Abdul tee of the International Association of
Shares outstanding (ex-treasury) mil 203.78 Samad Alias said Rafizs appointment Deposit Insurers. Prior to joining PIDM,
Beta 0.55 is the culmination of its board-led CEO Rafiz spent 10 years with Rating Agency
12-month price range 0.10-0.22 succession planning process, which had Malaysia Bhd (now known as RAM Rat-
commenced in 2013. ing Services Bhd), specialising in ratings
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
This process provides for a smooth of financial institutions, real estate, and
& protability leadership transition which is key in main- plantation and construction companies.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
Fajarbaru launches urban plan
Its maiden residential project has a GDV of RM280m
BY W O N G EE L I N
KUAL A LUMPUR : Fajarbaru
Builder Group Bhd has launched
its maiden residential project
called Rica Residence @ Sentul
here, which has a gross devel-
opment value (GDV) of RM280
million.
Located in Sentul, the pro-
ject features a 39-storey build-
ing housing 473 units.
In a statement yesterday, Fajar-
baru executive director Eric Kuan
Khian Leng said to date, 70% of
the units have been sold during
its private preview roadshows.
The response and support re-
ceived have been positive, which
HKs tiny flats pile up as market dangers grow
BY S H AW N A KWA N
HONG KONG: Tiny flats are flooding
Hong Kong as developers rush to
target first-time buyers struggling to
get into the worlds priciest market.
Inventories of new flats smaller
than 431 sq ft rose to about 1,400 at the
end of June, according to Centaline
Property Agency. Wong Leung-Sing,
an associate director of research, said
the number may rise to about 2,000
by year end, the highest in data that
started in 2014. The figures include
dwellings yet to be completed.
The wave of smaller flats is testi-
mony to the price surge that has put
bigger homes beyond the reach of
many buyers, and triggered warn-
ings from analysts and officials that
the city is at risk of a property crash.
Financial Secretary Paul Chan has
cautioned about a dangerous situ-
ation after repeated efforts to cool
the market.
Developers built 2,346 pint-sized
flats in the first five months of 2017,
shows the market confidence in
property products by Fajarbaru,
he added.
Targeting young families and
investors, prices of Rica Residence
@ Sentul units start from RM600
per sq ft with built-up spaces rang-
ing between 657 sq ft and 1,238
sq ft. The layout types include
studios, two-bedroom units and
dual entry homes.
Kuan said the group has lined
up more projects to be launched,
but did not elaborate.
Fajarbaru shares closed un-
changed at 93 sen yesterday, giv-
ing it a market capitalisation of
RM342.97 million. Over the past
year, the stock has risen 76%.
or 60% of last years total. Annual
construction of small apartments
surged more than 500% from 2011 to
2016, according to government data.
A 150-sq ft home slightly bigger
than a car park can cost HK$2.8
million (RM1.53 million) at the AVA
61 project in one of Hong Kongs poor-
est districts, Sham Shui Po, accord-
ing to the Apple Daily newspaper. At
that development, 82 of 95 units had
been sold as of yesterday after sales
began in June, and the agent for the
project, Midland Realty, said Hong
Kongs record prices will continue
to support demand for small units.
While developers can cut prices to
clear inventory as needed, some ana-
P R O P E RT Y 9
IN BRIEF
Singapore property
bottoming out
SINGAPORE/HONG KONG:
Singapores biggest developer,
CapitaLand Ltd, detects signs
that the citys residential prop-
erty market is bottoming out
after a run of price declines, its
chief executive officer Lim Ming
(From left) Yan said. Many investors are
Kuan, Federal seeing Singapore as relative-
Territories ly more attractive than Hong
Minister Datuk Kong, London or Australian cit-
Seri Utama ies, Lim, whos also president of
Tengku Adnan the firm, said in a Bloomberg TV
Tengku Mansor interview with Haslinda Amin
and Fajarbaru yesterday. Extra liquidity was
chairman Datuk a factor for higher transaction
Ir Low Keng volumes and slower price de-
Kok at the Rica clines in recent months, he said.
Residence @ For a rebound to take place on
Sentul launching a more sustainable basis, there
ceremony has to be overall improvements
yesterday. in the fundamentals, Lim said.
Bloomberg
Sunac raises US$1b in
bonds to renance debt
HONG KONG/SHANGHAI:
Sunac China Holdings Ltd has
issued US$1 billion (RM4.28
billion) worth of bonds offshore
to refinance some of its exist-
ing debt, in the acquisitive Chi-
nese property developers latest
fundraising after a recent spate
of deals. The highly leveraged
company is tapping multiple
financing channels offshore af-
ter its credit risks came under
scrutiny in China on a string of
high-profile purchases, includ-
ing the US$6.52 billion tourism
projects deal with Dalian Wanda
Group and a US$2.2 billion stake
in Leshi Internet. Reuters
CK Property 1H net prot
helped by prime oces
HONG KONG: Hong Kongs
Cheung Kong Property Hold-
lysts are concerned that buyers could ings Ltd, controlled by billion-
end up with units they cant resell. aire Li Ka-shing, reported yes-
It could be dangerous when terday a 67% surge in first-half
these small flats are unleashed onto (1H)net profit, thanks in part
the second-hand market after de- to rising market value of prime
mand is filled up in the next three office buildings. Net profit was
to five years, Bocom International HK$14.4 billion (RM7.89 billion)
Holdings Co Ltd analyst Alfred Lau for the six months ended June,
said. Bloomberg the company said. Reuters
10 B R O K E R S C A L L FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

HeveaBoard forecast to rake

IGB REIT
occupancy rate
remains close

in RM3m earnings for 2018 to 100%

HeveaBoard Bhd HeveaBoard Bhd
(Aug 3, RM1.74)
Initiate coverage with a buy call FYE DEC (RM MIL) 2014
and target price of RM2.12: He- Revenue 422.4
veaBoard Bhd is a fundamentally Gross profit 63.2
sound company, enjoying a three-
PBT 32.1
year compound annual growth rate
of 53.1% in headline net profit from Taxation -1.9
2013 to 2016. It ceased production PAT 30.2
of lower-grade particle boards (E2) Reported net profit 30.2
in mid-2014. Currently, HeveaBoard Core net profit 31.025
focuses on production of premi- GP margin (%) 15.0
um-grade particle boards E1, PBT margin (%) 7.6
E0 and super E0 graded products
Net margin (%) 7.1
with low formaldehyde emis-
sion, higher physical strength and Revenue growth (%) 8.4
profit margins. The group has just Gross profit growh (%) 11.9
started to produce non-added for- PBT growth (%) 33.8
maldehyde, which is superior to Net profit growth (%) 34.2
the above-mentioned grades in Core earnings growth (%) 24.6
respect of quality and pricing. We EPS (sen) 5.6
understand that HeveaBoard is the
Core EPS (sen) 5.8
only particle board maker in Malay-
sia to manufacture such premium Diluted EPS (sen) 5.3
products. Diluted EPS (Core) (sen) 5.5
HeveaBoard is a leading local PER (x) 29.8
particle board and ready-to-assem- PER (core) (x) 29.0
ble (RTA) furniture manufacturer. It Diluted PER (x) 31.2
boasts a proven track record as it has Diluted PER (core) (x) 30.4
managed to cling on to profitability
DPS (sen) 1.0
even during business downcycles.
It has consistently posted profits in Dividend payout (%) 18.0
the past 10 years, compared with its Dividend yield (%) 0.6
closest comparable peers such as Net gearing/(cash) (x) 17.2
Mieco Chipboard Bhd and Evergreen ROE (%) 11.2
Fibreboard Bhd, mainly attributable ROA (%) 7.3
to its concentration in operational BV/share 0.5
efficiency and high value-added
P/B (x) 3.3
and margin products rather than
Sources: Company, JF Apex
sales volume alone.
Given prevailing headwinds faced
by the group in the likes of a rebound lar appreciation with over 90% of its
of the ringgit against the US dol- revenue being US dollar-based and
lar (the ringgit has strengthened its cost is ringgit-based, the groups
against the US dollar by 4% to 5% strategy of selling premium products
year-to-date), foreign labour and with a higher average selling price
rubberwood shortages in the fur- and strong pricing power following
niture industry, we believe Heve- the shortage of rubberwood could
aBoard still commands a resilient cushion the impact of margin com-
business model which is unfazed pression. The group has the flexibility
by the current unfavourable oper- of adjusting product prices to factor
ational atmosphere judging from in currency fluctuations with receiv-
the recent quarterly results. ing orders three to four months in
The group recorded a 24.6% year- advance. Our sensitivity analysis in-
on-year increase in its first quarter of dicates that every 1% strengthening
financial year 2017 (1QFY17) head- of the ringgit against the US dollar
line net profit on the back of a higher would reduce the groups earnings
revenue by 8.8%. Although Hevea- by 6.6% in 2017 to 2018.
Board is a net beneficiary of US dol- We envisage the groups core
IGB Real Estate Investment
Trust
(Aug 3, RM1.75)
Maintain buy recommenda-
tion with an unchanged target
mergers and acquisitions should price of RM1.84: This is based
any opportunities arise. on targeted yield at 5.4%, which
2015 2016 2017F 2018F With the foreseeable surge in ex- is one standard deviation be-
503.3 540.0 593.1 668.6 port orders for RTA furniture, the low the historical average yield
118.1 122.8 136.4 155.8 group is ready to take on more orders spread between IGB Real Estate
of new veneer-based products from Investment Trust (IGB REIT)
82.8 90.3 107.8 124.4
Japan starting from 2018 onwards and 10-year Malaysia Govern-
-9.3 -9.6 -12.9 -14.9 with additional factory premises and ment Securities considering its
73.6 80.7 94.9 109.5 production facilities to be completed highly stable assets and sus-
73.6 80.7 94.9 109.5 by end-2017. The new RTA plant is tainability of yield.
75.8 77.1 94.9 109.5 believed to increase its existing fur- IGB REITs second quar-
23.5 22.7 23.0 23.3 niture capacity of 7,200 containers/ ter of financial year 2017
16.5 16.7 18.2 18.6 year by 20% to 8,640 containers/year (2QFY17) normalised net prof-
and further lift the groups top line it of RM67.7 million grew 2.7%
14.6 14.9 16.0 16.4
and bottom line by 11% to 12% re- on the back of a positive rental
19.2 7.3 9.8 12.7 spectively for 2018. We believe export reversion rate, but was par-
86.9 4.0 11.1 14.2 sales to Japan are sustainable or even tially offset by higher mainte-
157.9 9.1 19.4 15.4 stronger, especially approaching nance and property upgrade
143.7 9.6 17.6 15.4 year 2019 for RTA furniture as well expenses. Net profit declined
144.2 1.7 23.2 15.4 as particle board, in view of the up- by 10.2% mainly due to lower
13.6 15.0 17.6 20.3 coming Olympic Games to be held rental income as 1Q tends to
in Tokyo, Japan, in 2020. benefit from festive season
14.1 14.3 17.6 20.3
HeveaBoard has allocated spending.
13.0 14.2 16.7 19.3 RM10.5 million in equipment to Normalised net profit in-
13.4 13.6 16.7 19.3 cultivate King Oyster mushrooms creased by 3.1% mainly due to
12.2 11.2 9.5 8.2 this year. We are positive on this a positive rental reversion and
11.9 11.7 9.5 8.2 new business venture as the group lower borrowing costs, par-
12.9 11.7 10.0 8.7 can utilise its existing waste, which tially offset by higher mainte-
12.5 12.3 10.0 8.7 is currently sold to boiler users at a nance and property upgrade
discount as raw materials to cultivate expenses.
2.8 7.1 7.1 8.2
mushrooms. We understand that the The occupancy rate re-
20.1 47.4 40.3 40.4 business could render a higher profit mained close to 100%, while
1.6 4.3 4.3 4.9 margin for the group compared with the year-on-year net prop-
-19.3 -26.6 -26.7 -29.8 its RTA furniture and particle boards, erty income margin slightly
21.3 19.2 19.4 19.3 and the payback period is short with declined to 69% (from 70%).
15.2 15.7 16.0 16.1 45 days of harvest time. The project Renewals of leases expiring
0.6 0.8 0.9 1.1 will be carried out in three phases in 2017 for both Mid Valley
with three tonnes of production per Megamall (MVM) and The Gar-
2.6 2.1 1.8 1.6
day under phase 1. Assuming a 30% dens Mall (TGM) are largely
product margin and RM10 million completed with a healthy re-
revenue generated from phase 1, version of a mid-single digit.
net earnings to continue its growth we would expect the group to rake We expect both MVM and
trajectory in 2017 and 2018 by a re- in RM3 million in earnings for 2018. TGM to continue to register
spective 23.2% to RM94.9 million We estimate the groups 2017 and positive tenant sales growth in
and 15.4% to RM109.5 million on 2018 core net earnings to trend up- the second half of 2017 as we
the back of a rising top line of +9.8% wards, growing by 23.2% and 15.4% expect retail sales to be boost-
and +12.7% respectively. The posi- respectively. The groups net profit ed by higher tourist arrivals.
tive earnings momentum is mainly margin is expected to remain ele- We believe IGB REIT is
underpinned by continued growth vated at around 16% to 17% in line shielded from the current
in sales of RTA furniture especially with its strategy of focusing on high challenging retail environ-
in Japan, ongoing efforts in sell- value-added and margin products, ment in the Klang Valley due
ing high-margin particle boards, coupled with increasing operation- to the prime location and high
and high value-added and its wide al efficiency following automation traffic enjoyed by both MVM
range of RTA furniture. Besides, He- and a lower effective tax rate. We and TGM. Moreover, prudent
veaBoard commands a healthy bal- have imputed the contribution of the management and a healthy
ance sheet with current net cash/ mushroom cultivation business into balance sheet further enhance
share of 18 sen, which allows it to our earnings forecasts, while yet to attractiveness of the stock.
have ample flexibility to gear up factor in earnings from the new RTA Hong Leong Investment Bank
for future capacity expansion and plant. JF Apex Securities, Aug 3 Research, Aug 3

Hartalegas FY18 to be anchored by capacity growth

Hartalega Holdings Bhd
(Aug 3, RM6.97)
Maintain hold recommendation
with a higher fair value (FV) of
RM7.69: Our FV is based on a
price-earnings ratio of 28 times
(three-year mean) on financial
year 2019 forecast (FY19F) earn-
ings per share.
We believe that Hartalega Hold-
ings Bhd would be able to sustain
its robust net profit growth in FY18.
We expect the groups revenue to
grow by 29% in FY18 underpinned
by a 16% increase in production
volume. Two production lines at
Plant 4 are expected to commence
operations this month. These will
be followed by the commissioning
of two production lines per month
until Plant 4 is fully completed at
year end.
Upon completion, Hartalegas
annual production capacity will
rise by 18% from 27 billion to 32 bil-
lion pieces. Currently, three plants
with 36 lines are operational at the
Next Generation Integrated Glove
Manufacturing Complex (NGC).
Construction of Plant 5 and
Plant 6 at the NGC is expected to
commence this month and in Au-
gust 2018 respectively. Both plants
will increase Hartalegas produc-
tion capacity by an additional 4.7
billion pieces each. We believe that
the progressive commissioning of
production lines will help keep the
global supply of gloves in check,
thus preventing an oversupply situ-
ation, which will suppress margins.
Hartalegas bottom line is also
expected to receive a boost from
reinvestment allowances, which
will lower the groups effective
tax rate. We forecast effective tax
rates at 10% to 15% for the coming
three years, compared with 18.8%
in FY17.
Presently, Hartalega is one of the
few glove makers in Malaysia that
manufacture Grade A nitrile gloves.
We believe that this will enhance
Hartalegas profit margin as there
is a limited number of suppliers
for high-quality nitrile gloves. We
estimate Hartalegas earnings be-
fore interest, taxes, depreciation
and amortisation margin at 24%
in FY18 and FY19, compared with
23% in FY17.
In the long term, we believe that
product innovation would support
Hartalegas net profit. The group is
expected to introduce a new prod-
uct in the next few years, which
would entrench Hartalegas po-
sition as one of the largest nitrile
glove makers in the world. AmIn-
vestment Bank, Aug 3
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
United Malacca
FY18 production
growth to remain high
United Malacca Bhd
(Aug 3, RM6.39)
Maintain outperform with an un-
changed target price of RM7.60:
We have recently met up with
United Malacca Bhd chief exec-
utive officer Peter Benjamin and
returned with our positive outlook
maintained on the back of high
maturing hectarage in its financial
year ending April 30, 2018 (FY18),
ongoing efficiency upgrades such
as mechanisation and drip irriga-
tion systems, and long-term crop
diversification plans.
We understand that produc-
tion growth in FY18 will remain
high, with management project-
ing about 15% fresh-fruit-bunch
growth, which is largely in line
with our FY18 and FY19 forecasts
of 19% and 15%. We are positive
about United Malaccas produc-
tion outlook, thanks to its 4,900ha
of maturing area in FY18, of which
1,900ha is located in Malaysia
and another 3,000ha is in Indo-
nesia. These represent 9% of total
planted area in Malaysia and a
substantial 50% of planted area
in Indonesia. Long-term outlook
is similarly positive, with the av-
erage age in Malaysian estates at
the prime age of 10.6 years, while
the average age of its Indonesian
estates is still young at three years.
However, we expect production
to pick up more strongly in the
second quarter of 2018 (2Q18),
as Sabah output in 1Q18 may still
be dampened by the previous dry
period in mid-2016.
Management has noted that it
continues to implement mechani-
Rail theme still main construction sector driver in 2H17
Construction sector
Maintain overweight: Public trans-
port operator Prasarana Malaysia
Bhd has awarded the light rail ve-
hicle (LRV) package for the light
rail transit 3 (LRT3) to a consor-
tium comprising CRRC Zhuzhou
Locomotive Co Ltd, Siemens Ltd
China, and Tegap Dinamik Sdn
Bhd, according to news reports
yesterday. The package is valued at
RM1.56 billion, one of the projects
biggest. It entails the design, man-
ufacture, supply, delivery, installa-
tion, testing and commissioning of
42 six-car LRVs for LRT3.
Prasarana chief executive of-
ficer Datuk Seri Azmi Abdul Aziz
has been quoted as saying that
three work packages, collectively
valued at RM2.5 billion, would be
announced by end-August. These
three would only be awarded to
Malaysian companies. We expect
United Malacca Bhd
FYE APR (RM MIL) 2017A
Turnover 274.7
Ebit 89.9
PBT 98.9
Net profit (NP) 84.6
Core NP* 75.9
Consensus (NP) - 71.6
Core EPS (sen) 36.3
Core EPS growth (%) 61.8
NDPS (sen) 23.0
BVPS (RM) 8.38
Core PER 17.6
Price/BV (x) 0.76
Net dividend yield (%) 3.6
Source: Kenanga Research
sation measures across its estates,
with equipment such as mini trac-
tors and fertiliser spreaders that
reduce labour dependency. On
the production side, the compa-
ny has also constructed addition-
al water management systems
and added water conservation
trenches at its estates, in addition
to testing its drip irrigation sys-
tems, which are showing promis-
ing yield results at the trial plots.
With the efficiency measures and
rising yield outlook, we expect
cost per tonne for FY18 to FY19 to
decline closer to about RM1,300
from about RM1,500 in FY17.
The Sulawesi extension is not a
huge concern. Last Friday, Unit-
ed Malacca announced a three-
month extension on the exclu-
sivity period of its memorandum
of understanding with Adhi In-
the three packages to be related to
the viaduct/above-ground pack-
ages including station works, and
they could also include addition-
al depot packages in Klang. It is
unknown at this juncture whether
they will include the single 2km
tunnelling package.
Overall, we are positive about
this development as it is in line
with our expectation of LRT3
steering the job flows in the sec-
ond half of 2017 (2H17). The rail
theme continues to be the main
sector driver in 2H17, both in
terms of contract awards and pro-
gress news flow. Over the coming
months, LRT3s award phase is
likely to be accelerated as ground
works on the project are expect-
ed to be in full swing from 2018.
News reports stated that Pras-
arana had awarded 11 out of 59
work packages for LRT3. Year to
B R O K E R S C A L L 11
Genting remains cautious about
outlook despite strong 2Q
Genting Bhd potentially fuel revenue growth for
(Aug 3, RM9.75) the remaining of the year, in our
Maintain buy with an unchanged view. Despite the strong perfor-
target price (TP) of RM12.06: mance during the quarter, manage-
Genting Singapore, a 53%-owned ment remains cautious about the
subsidiary of Genting Bhd, an- outlook as it continues to foresee
nounced a good set of results for several challenges in some of its key
its first half ended June 30, 2017 markets, more stringent remittance
(1HFY17), as its adjusted earnings rules in China, and also weakness
before interest, taxes, depreciation in the ringgit. However, we believe
and amortisation of S$576 million that the improvement is likely to
(RM1.81 billion) came in above continue as long as management
our and consensus expectations, decides to increase the availability
at 60% and 55% of respective full- of credits to its VIP patrons.
year forecasts. The better-than-ex- Management is still positive about
2018E 2019E pected results were due to strong- the progress of the Japan gaming bill,
272.0 283.0 er-than-expected improvement in as the official public feedback hear-
its gaming operations in the sec- ing is expected to start soon, which
87.5 96.3
ond quarter ended June 30, 2017 would enable the second bill to be
94.6 102.7 (2QFY17). Management also an- submitted by December. There is
77.7 79.6 nounced a 1.5 Singapore cents in- no update on who might be its local
77.7 79.6 terim dividend per share. partner for bidding, but Osaka and
79.2 We believe that the strong im- Yokohama remain the two preferred
37.1 38.1 provement in gaming revenue for cities for Genting Singapore.
24.4 2.5 2QFY17 (+33% year-on-year), can The better-than-expected results
be attributed to the recent increase will likely be a positive catalyst for
24.0 25.0
in gaming credits to the VIP pa- Gentings share price. Each one
8.50 8.64 trons, as account receivables have Singapore cent increase in Genting
17.2 16.8 finally risen again after 12 consec- Singapores share price would in-
0.75 0.74 utive quarters of decline. Manage- crease Gentings share price by four
3.8 3.9 ment has indicated that it has the sen, based on our estimates. We
flexibility on extending credits in reiterate our buy call on Genting
the next few quarters, as it is com- and 12-month sum-of-parts-valua-
fortable with the current level of tion TP of RM12.06. Affin Hwang
drawan and Kartika Dianningsih receivables provision, which could Capital, Aug 3
Antono for the development on
59,900ha of industrial plantation
forest area in Central Sulawesi, Genting Bhd
Indonesia. We are not overly con-
cerned about the extension as we FYE DEC (RM MIL) 2015A 2016A 2017E 2018E 2019E
understand that the company Revenue 18,100.4 18,365.8 18,479.9 20,125.0 21,300.9
is finalising details of the joint Ebitda 5,290.5 5,884.2 6,101.8 6,548.5 7,069.0
venture. Recall that the Sulawe- Pre-tax profit 3,446.0 5,522.8 4,882.9 5,297.7 5,815.2
si area is allocated to non-palm Net profit 1,388.0 2,146.5 2,000.2 2,245.4 2,415.2
cash crops. Should the company
embark on a mix of rapid-matur- EPS (sen) 37.3 57.7 53.8 60.4 64.9
ing crops and long-term crops, PER (x) 26.1 16.9 18.1 16.1 15.0
we would expect to see planting Core net profit 1,444.7 1,850.7 2,000.2 2,245.4 2,415.2
activities at the site from next year Core EPS (sen) 38.6 49.4 53.3 59.9 64.4
onwards and initial contributions Core EPS growth (%) (3.4) 28.1 8.1 12.3 7.6
in FY19. We remain positive about Core PER (x) 25.3 19.8 18.3 16.3 15.1
the venture as the potential di- Net DPS (sen) 3.5 12.5 6.0 6.0 6.0
versification of United Malaccas
crop base should reduce the share Dividend yield (%) 0.4 1.3 0.6 0.6 0.6
price impact arising from crude EV/Ebitda (x) 12.6 10.9 10.5 9.4 8.3
palm oil price fluctuations. Affin/Consensus (x) 0.91 0.89 0.91
Kenanga Research, Aug 3 Sources: Company, Affin Hwang forecasts, Bloomberg
Gamuda Bhd, WCT Holdings Bhd, age given its strong expertise in
and Sunway Construction Group underground rail tunnels. Based
Bhd. Recall that 96 contractors on the average combined RM514
have been pre-qualified for the million cost/kilometre for MRT1
tenders. 55% of the RM9 billion and MRT2, this contract could be
project value falls under the open worth as much as RM1 billion.
category, where all pre-qualified Companies in our coverage
contractors are eligible to bid. An- that have already secured LRT3
other 45% have been earmarked packages include WCT and Ma-
for bumiputera contractors. laysian Resources Corp Bhd a
We expect the RM9 billion 50% joint-venture partner with
LRT3 contract to benefit both George Kent (Malaysia) Bhd for
small and large contractors, the project delivery partner scope
though the value of major civil of the entire LRT3. In our view,
The new package awarded by Prasarana work packages (excluding systems other non-rated contractors that
entails the design, manufacture, supply, works) could be lower compared may stand a good chance to se-
delivery, installation, testing and with the average RM700 million cure LRT3 subsequent packages
commissioning of 42 six-car LRVs for to RM2 billion value for contracts include Ahmad Zaki Resources
LRT3. The Edge le photo awarded for the mass rapid tran- Bhd, Kimlun Corp Bhd, Mitrajaya
sit 1 (MRT1) (RM21 billion) and Holdings Bhd, Fajarbaru Builder
date, only two packages have been MRT2 (RM32 billion). We expect Group Bhd, Ikhmas Jaya Group
awarded to listed contractors. The our sectors top rail pick, Gamuda, Bhd, TSR Capital Bhd, and Bina
pre-qualified companies under to be the front runner for the 2km Puri Holdings Bhd, among others.
our coverage are IJM Corp Bhd, underground/tunnelling pack- CIMB Research, Aug 3
12 H O M E
Higher syariah index
score a big plus
Overall 2017 score is 76.06%, up by 0.64% from 2015, says Najib
PUTRAJAYA: Datuk Seri Najib
Razak has hailed the rise in the
overall score of a syariah index that
gauges the countrys achievement
in implementing Islamic policies
and principles, saying there was
drastic improvement in the health,
infrastructure and the environment,
and economic and social fields.
The prime minister also said that
the score or achievement of the Ma-
laysian Syariah Index in four other
fields, namely education, politics,
law, and culture, remained at an
encouraging level.
The index gauges objectively and
scientifically Malaysias achieve-
ment according to the framework
of Maqasid Syariah (objectives of
Islamic law) based on five basic
principles of religion, life, mind,
lineage, and property.
The overall score of the index for
2017 is 76.06%, up by 0.64% from
the 75.42% for 2015, he said when
presenting the Malaysian Syariah
Index Report 2017 at the Premier
Conference of Ulama at the Pu-
trajaya International Convention
Centre here.
Alhamdulillah, this is an
achievement we anticipated to con-
tinue to drive the government in
administering the country accord-
ing to Maqasid Syariah, he said.
Najib said the second study
of the syariah index involved 222
More specialists in family medicine
needed, says Noor Hisham
GEORGE TOWN: The country needs
more specialists in family medicine
to be housed at all 967 health clin-
ics nationwide, said Health direc-
tor-general Datuk Dr Noor Hisham
Abdullah.
He said to address the prob-
lem, the ministry had embarked
on various methods to increase
the number of family medicine
specialists to achieve the target
of having at least one to three
Kamalanathan: 1,214 schools have opted to
implement Dual Language Programme
KUALA LUMPUR: Some 1,214
schools nationwide have opted
to implement the Dual Language
Programme (DLP) to date, said
Deputy Education Minister Datuk
P Kamalanathan.
He said of the total, 394 were ru-
ral schools comprising 218 primary
schools and 176 secondary schools.
In urban areas, the DLP has
been adopted by 367 prima-
researchers from six public uni-
versities and a total of 27,292 re-
spondents, comprising 2,280
policymakers, 6,555 policy imple-
menters and 18,457 members of
the general public.
specialists for every health clinic.
We need about 2,800 family
medicine specialists, which is three
specialists for every clinic, but for
now we only have 336 and they are
housed at 258 health clinics na-
tionwide, he said after officiating
at the 20th Family Medicine Sci-
entific Conference here yesterday.
He said among the methods im-
plemented to increase the number of
specialists was a masters programme
ry schools and 453 secondary
schools, he said in reply to a ques-
tion from Dr Mohd Hatta Md Ramli
(Amanah-Kuala Krai) at the Dewan
Rakyat yesterday.
The DLP is an extension of the
language policy of Upholding Ba-
hasa Malaysia and Strengthening
the English Language. Schools that
are under the DLP will be given the
option to have teaching and learn-
Interestingly, 50% of the re-
spondents from the general pub-
lic comprise people between the
ages of 21 and 30, who are from the
generation of the National Trans-
formation 2050, he said.
in family medicine, where between
80 to 90 doctors would be selected to
undergo the four-year course.
Apart from the masters pro-
gramme, we also implement oth-
er alternatives such as conducting
an international examination like
FRACGP (Fellowship of the Royal
Australian College of General Prac-
titioners) in Malaysia to increase
the number of family medicine
specialists, he said. Bernama
ing sessions in English as well as
Bahasa Malaysia for Mathematics
and Science subjects.
Among the criteria for the im-
plementation of the DLP are that
schools must have adequate re-
sources such as enough teachers
and infrastructure, principals/head-
masters must be willing to imple-
ment the DLP, and requests and
support from parents. Bernama
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Najib said key findings of the
index for 2017 proved that the ef-
forts and initiatives undertaken and
being implemented by the govern-
ment had a beneficial impact on
the people. Bernama
Salleh: 2,000 fake social media
accounts identied
KUALA LUMPUR: The commu-
nications and multimedia min-
istry has identified nearly 2,000
fake social media accounts and
action has been taken against
about 75% of them, including re-
strictions and account closures.
Communications and Mul-
timedia Minister Datuk Seri Dr
Salleh Said Keruak said that for
the period between January last
year and June this year, 221 cases
involving new media including
social media, websites and blogs
were investigated, of which 19
were compounded and five were
charged and convicted.
The ministry through the
Malaysian Communications
and Multimedia Commission
(MCMC) has always worked with
various relevant government
agencies to address the prolif-
eration of content and fraudu-
lent news on social media plat-
forms, websites and the general
Internet.
For account closures, the false
accounts will be reported to social
media service providers, which are
mostly abroad such as Facebook
and Twitter, based on violations of
their terms and conditions, he said
Calls to sever ties
with Myanmar
unjustied, says
Reezal Merican
KUALA LUMPUR: The calls to
sever diplomatic relations with
Myanmar is unjustified, as it will
only marginalise that country and
narrow the chances of Malaysia
and other Asean countries to stop
the oppression of the Rohingya
Muslims in Rakhine State.
Deputy Foreign Minister Da-
tuk Seri Reezal Merican Naina
Merican said Malaysias success
in leading a humanitarian mis-
sion to the area had indirectly
proved the positive acceptance
of the Myanmar government on
the efforts and initiatives of the
country and Malaysians, along
with the international commu-
nity, to halt the atrocities.
The bilateral relationship be-
tween Malaysia and Myanmar
has enabled the humanitarian
mission of the Food Flotilla for
Myanmar to be successfully com-
pleted in February 2017.
The Myanmar government
welcomed the initiative by the
Malaysian government and
non-governmental organisations
led by member of parliament for
Baling Datuk Seri Abdul Azeez
Abdul Rahim. They have also
been giving full cooperation to
ensure smooth distribution of
essential goods to the affected
communities in Rakhine, he told
the Dewan Rakyat yesterday.
Reezal Merican was reply-
ing to a question by Datuk Seri
Dr Wan Azizah Wan Ismail
(PKR-Permatang Pauh), who
asked whether the government
had any intention to sever dip-
lomatic ties with Myanmar.
Bernama
at the Dewan Rakyat yesterday.
Salleh said this when reply-
ing to Datuk Mohd Fasiah Mohd
Fakehs (Barisan Nasional-Sa-
bak Bernam) question on the
number of false social media
accounts investigated and iden-
tified as well as the enforcement
actions and laws being taken to
curb the spread of false news
and slander.
He said investigations done
and actions taken were based on
the existing laws, namely, the Pe-
nal Code, Sedition Act 1984, Def-
amation Act 1957, and Communi-
cations and Multimedia Act 1998.
Salleh said the government
had also provided the sebe-
narnya.my portal as one of the
efforts under the initiative to
tackle problems related to the
prevalence of fraudulent news,
as well as developing mobile ap-
plications to facilitate the com-
plaint process.
The public can file com-
plaints and reports using exist-
ing channels through WhatsApp,
SMS (short messaging system),
email and telephone or come
personally to MCMC offices,
he said. Bernama
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
Exploration firm offers to
hunt for MH370
Deputy minister confirms approach; payment will be made only if plane is found
KUALA LUMPUR: A US explora-
tion company has offered to take
on the search for Malaysia Airlines
flight MH370 which was suspend-
ed earlier this year, the firm and a
deputy minister said yesterday,
offering new hope to families of
the missing.
No trace of the Boeing 777, which
disappeared in March 2014 with 239
people on board, was found dur-
ing a lengthy deep-sea hunt in the
southern Indian Ocean, off western
Australia, with the search called off
in January.
Ocean Infinity, a seabed explora-
tion firm which says it has the worlds
largest and most advanced commer-
cial fleet of underwater vehicles for
800ha of Mada
paddy land
under pest
attack
ALOR SETAR: Over 800ha of the
Muda Agricultural Development
Authority (Mada) land for the
first paddy season of the year
has been attacked by the brown
plant hoppers.
Its chairman Datuk Othman
Aziz said based on records in the
agricultural information system,
the paddy crops main enemy
had caused 180ha of hopper
burn in the area, which results
in the plants drying up.
He said in a statement yes-
terday that the attack had result-
ed in three strains of infection
plaguing the paddy fields of up
to 650ha, 195ha and 185ha re-
spectively.
Othman advised farmers in
the Mada area to regularly visit
their fields to prevent pests and
disease attacks on paddy plants,
even though the infected area is
small. Farmers should avoid
excessive use of nitrogen fertil-
isers, and systematically spray
insecticides such as buprofez-
in, he said.
Mada, he said, had also tak-
en several measures including
pest management and paddy
disease management through
a strategic expansion approach.
Periodic monitoring by pest
and disease monitoring teams
in the locality in collaboration
with Mada, the agriculture de-
partment and Mada Corp is also
being carried out, he said.
Othman said this was impor-
tant especially during the current
final phase of rice cultivation to
ensure paddy remained in the
best condition and produces a
higher yield during harvest.
Bernama
conducting searches, said it had pro-
posed continuing the hunt.
I can confirm that we have made
an offer, a spokesman said in an
emailed statement to AFP, without
giving further details.
Deputy Transport Minister Da-
tuk Ab Aziz Kaprawi confirmed a
company had made an approach
and was only asking for payment
in the event they find the plane. He
said the firm had made a good of-
fer, and added negotiations were
ongoing with the civil aviation de-
partment.
The company is demanding pay-
ment in the event the wreckage is
found, he told AFP. We have to work
out the details. What we want most
VISITING GENERAL ... Saudi Arabian Armed Forces chief of general sta General Abdaul Rahman Saleh al-Banyan
inspecting the Royal Malay Regiment guard of honour in conjunction with his courtesy call on Prime Minister Datuk Seri Najib Razak
at the Prime Ministers Oce yesterday. Abdaul Rahman, who began a ve-day visit to Malaysia yesterday, was scheduled to call on
Defence Minister Datuk Seri Hishammuddin Hussein later. Photo by Bernama
Elevate Aseans role to face global challenges
KUALA LUMPUR: The Association
of Southeast Asian Nations (Asean),
poised to celebrate its 50th anniver-
sary this month, should elevate its
roles, functions and effectiveness
to a higher level in facing future
global challenges, said former In-
donesian foreign minister Dr Marty
Natalegawa.
Natalegawa said the need is in-
deed crucial now through its Jakar-
ta-based Asean Secretariat to be
implemented in meeting the ex-
pectations of growing globalisation
demands, as well as in building the
regions resilience to withstand the
uncertainties of the global economy
is the wreckage and the black box.
He added that the agreement
of Australia and China would be
needed for a deal to be reached.
China, where most of the passen-
gers came from, and Australia were
both involved in the search.
Grace Nathan, a Malaysian law-
yer whose mother Anne Daisy was
on the plane, urged the authorities
to accept the offer. There is no
point waiting any longer. We really
do not lose anything, she said. It
seems to be a perfect offer from a
company that is equipped to un-
dertake this search.
So far, three fragments of MH370
have been found on the western
Indian Ocean shores, including a
and geopolitical scenarios.
Weve had a wonderful 50 years
of being united and achieved tre-
mendous success stories. Howev-
er, what the regional body is doing
at the moment is only working on
what I can describe as an event-
and-meeting driven basis in find-
ing solutions pertaining to any re-
lated issues discussed.
This is a limited approach be-
cause incidents or occurrences hap-
pen unexpectedly almost every
day for Asean to react and give an
immediate response. Asean, there-
fore must have a little bit more rel-
evance, besides just having thick
two-metre wing part known as a
flaperon.
Australias national science body
the Commonwealth Scientific and
Industrial Research Organisation said
in April that MH370 was most like-
ly lying north of the former search
zone a 120,000 sq km area large-
ly defined through satellite pings
and the flights estimated fuel load.
But the countrys transport min-
ister previously said the underwater
probe would not resume unless new
evidence about the specific location
of the aircraft emerged.
Ocean Infinity has a fleet of six
underwater vehicles which can
collect seabed data at a depth of
6,000m. AFP
documents of Asean Vision 2025. It
will need to work harder in this area
to wholly embed it in the regions
population and to react promptly
when needed, regionally or inter-
nationally, he said.
The former minister told this to
reporters on the sidelines of the
Asia-Europe Conference 2017 at
the Asia-Europe Institute of Uni-
versiti Malaya yesterday.
Citing the current developments
in the Korean Peninsula, Natale-
gawa added the Asean Regional
Forum, an important forum for
security dialogue in Asia, should
also be able to deal with related
H O M E 13
Taxi drivers
should register
with e-hailing
services
KUALA LUMPUR: Taxi driv-
ers are encouraged to register
themselves with the e-hail-
ing mobile application to
improve the quality of their
services.
Minister in the Prime Min-
isters Department Datuk Seri
Nancy Shukri said currently
there were only 14,000 taxi driv-
ers registered with the e-hailing
platform.
Among the challenges
faced in encouraging taxi driv-
ers to use e-hailing technology
are the drivers themselves who
are not IT-savvy because of the
age factor, and they consider
[other] taxi drivers who use
the platform as rivals, she said
during the Ministers Question
Time in the Dewan Rakyat yes-
terday.
She was replying to a sup-
plementary question from Da-
tuk Seri Irmohizam Ibrahim
(BN-Kuala Selangor) on the
governments efforts to en-
courage taxi drivers to use the
e-hailing platform.
Nancy said taxi drivers
should take advantage of the
technology in improving their
service quality and income,
rather than looking at it as a
competitor to the convention-
al method.
Malaysia created history
when it became the first coun-
try to make e-hailing services
such as Grab and Uber legal
public transport services un-
der the Land Public Transport
(Amendment) Bill 2017 and
the Commercial Vehicles Li-
censing Board (Amendment)
Bill 2017, which were passed
in parliament last week.
Nancy said the government
was also constantly engaging
with taxi drivers, including ex-
plaining the advantages of the
e-hailing technology.
Giving RM5,000 grants to
recipients of the individual taxi
licence is one of the means to
get them out of the leasing sys-
tem with taxi companies that
we find to be lopsided and not
in favour of taxi drivers, she
said. Bernama
issues in a more timely fashion.
He opined that regional or inter-
national issues should be highlight-
ed and convened on a weekly basis
or fortnightly and immediately raise
the issues to ministerial or summit
level, rather than only discussing
in forums or dialogues only after
nine to 10 months.
This is where I think we need
to have leadership by the leaders
of the region to have the courage
and come out with better ideas
and proposals. Asean leadership
must bring something new to the
table, and deliver and execute them
accordingly, he said. Bernama
14 C O M M E N T
Chocolate factory or cocoa farm?
Malaysian growth toss-up requires investing in the right things to compete
BY C H O NG POOI KOON
& SH AM I M A DA M
I
n Malaysia, Khairy Jamalud-
din is canvassing ideas to
future-proof a country he
warns has trailed its coun-
terparts for decades.
If were not ready for the
next 30 years, then the stakes are
high, the Youth and Sports Minister
told business leaders in June. Weve
spent the last 20 to 30 years chasing
and trying to catch up with other
advanced countries. If we dont fu-
ture-proof Malaysia and plan it from
now, then were going to spend the
next 30 years catching up as well.
For businessman Tan Sri Lim
Wee Chai, that means Malaysia
must speed up a move to more
value-added production.
Build more chocolate facto-
ries rather than more cocoa plan-
tations, Lim, who is president of
the Federation of Malaysian Man-
ufacturers, said in an interview in
Kuala Lumpur. Turning to about
120 research and development
employees at Top Glove Corp, his
company that supplies a quarter
of the worlds rubber glove market,
the executive chairman added: no
research, no future.
Bigger in area than all but four
US states, Malaysia is a net oil and
gas exporter and the worlds sec-
The US missed its chance to make China play fair
BY N OAH SMI TH
GENERALS, the old saying goes,
always fight the last war. A similar
(though less pithy) principle is that
politicians always propose solu-
tions to the last decades problems.
In the US, there are two main areas
where we see this principle at work.
The first is immigration net ille-
gal immigration stopped a decade
ago, but President Donald Trump
and his supporters are still up in
arms over it. The second is China.
The standard story is that Chinese
competition is devastating US man-
ufacturing. According to this tale,
Chinas unbeatable cost advantage,
driven by cheap labour, cheap energy
and lax environmental protections, is
siphoning jobs and investment away
from the US at a tremendous rate,
exacerbated by Chinas artificially
undervalued currency.
This narrative was essentially
correct in the 2000s. Chinese com-
petition devastated large swathes
of American industry, leaving shat-
tered careers and major economic
dislocations in its wake. And the
Chinese government was complicit
with its steady purchases of US
dollar assets, China was holding
down its currency to flood the US
market with cheap goods.
ond-largest producer of palm oil.
The country is regaining favour
as investors shrug off probes into
the finances of a state investment
company.
Credit-default swaps protecting
Malaysias sovereign notes are near
the lowest in almost three years,
while the benchmark stock index
has more than doubled from 2008
lows and is now the worlds long-
est-running bull market.
Approved foreign investments
rose 63% in 2016 to RM59 billion,
led by sectors such as electronics
manufacturing.
Still, there are steep challenges
for Malaysia as it turns 60 later this
month. Smaller and cheaper-cost
rivals in the region, like Vietnam,
are reducing the competitive ad-
vantage of Malaysian manufactur-
ers and becoming bigger contend-
ers for foreign investment.
With an election due in the next
12 months, Prime Minister Datuk
Seri Najib Razak needs to convince
voters he can keep growth hum-
ming and wages rising. But right now,
Malaysia risks becoming stuck as a
middle-income country, said Fran-
cis E Hutchinson, a senior fellow at
the ISEAS-Yusof Ishak Institute in
Singapore.
Unless the country starts look-
ing at issues like producing more
scientists and engineers, more
But that was the 2000s; how true
is the story today? A few parts of it
still hold Chinas currency, the
yuan, is still undervalued. The Econ-
omist has a quick and easy way to
measure currency undervaluation
just compare the price of a Big
Mac hamburger in multiple coun-
tries. Here is what that it shows (see
chart The Big Mac Index).
So the yuan is still too cheap. But
something important has changed.
The Chinese government is no
longer buying US assets to try to keep
its currency weak. In fact, during the
past few years it has been selling its
fabled stock of foreign-exchange
reserves at a fairly rapid clip.
But there is another, even bigger
reason why the old China story is
not accurate in the 2010s. Chinese
wages have risen a lot. A decade ago,
a Chinese worker made less than a
10th of what his or her US counter-
part did; today, it is about a quarter.
The trend is also important. Chi-
nese wages have been rising so
quickly and steadily that most mul-
tinational companies and investors
must expect them to continue going
up. That means that anyone who
invests in China not only pays a
much higher wages than 10 years
ago, but is also signing up to pay
even higher wages down the road.
Of course, these pay numbers do
not tell the whole story. Businesses
that look beyond the headline num-
university graduates that are la-
bour-ready and of better quality,
spending more on research and
development, and improving its
legal and regulatory framework, it
is possible that Malaysia will not be
able to attain high-income status,
Hutchinson said. Its not a static
benchmark.
If were not ready for
the next 30 years, then
the stakes are high.
Malaysia dropped five places
this year to 24 in a ranking of the
63 most competitive economies by
the Lausanne-based Institute for
Management Development. When
measuring the extent to which ba-
sic, technological, scientific and
human resources meet the needs
of business, it came in at 32.
Attempts to shift Malaysias
economy towards one that is be-
ing driven by productivity will face
limited success, said Chia Shuhui,
an Asia analyst at BMI Research in
Singapore. It will be hindered by
Malaysias inadequate education
system and exacerbated by the na-
tions ongoing brain drain.
Enter Khairy, who is spearhead-
ing an initiative to outline a social
bers will think about unit labour
costs that is, costs adjusted for
productivity. Since Chinese workers
have been getting more productive
as their employers get more and
better technology, China can still
be a cheap place to produce things.
But here too, Chinas advantage
has eroded substantially. A recent
study by consulting firm Oxford
Economics found that Chinas unit
labour costs were only 4% lower
than those in the US. According to
that study, it is actually now cheaper
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
and economic vision for Malaysia
in 2050 and the policies to achieve
it. He said companies are still too
labour-intensive, productivity is
low, and mechanisation rates trail
Thailand and Singapore.
Access to cheap foreign labour
lowers the incentive for businesses
to automate and innovate, keep-
ing wages depressed, Khairy said.
Youth unemployment is creeping
up, reaching 10.7% in 2015 com-
pared with the national rate of 3.1%
that year.
National Transformation 2050
or TN50 as it is known fol-
lows previous master plans to re-
structure the economy. The New
Economic Policy from the 1970s
gave social and economic benefits
to the indigenous majority under a
programme designed to rebalance
wealth and eradicate poverty. It
still exists, though business leaders
argue the affirmative-action pro-
grammes impede competitiveness
and are shackling Malaysia.
Vision 2020 was a strategy in-
troduced by then-prime minis-
ter Tun Dr Mahathir Mohamad in
1991 to transform the country into
an industrial powerhouse from an
agricultural nation. The target was
to be a developed economy by the
end of this decade.
While those blueprints helped
lifted millions out of poverty and
to produce things in Japan, Mexico
or (especially) India. Boston Con-
sulting Group puts the difference
at only 1% not nearly enough to
motivate companies to shift pro-
duction from the US to China.
One reason for that is energy
costs. Although hydraulic fractur-
ing has lowered the price of power
in the US, China has struggled to
increase its production of coal, its
main fuel source.
Meanwhile, Chinas air pollution
reached truly apocalyptic levels,
allowed Malaysia to narrow the
gap toward achieving high-income
status, the country isnt moving
fast enough to keep up with other
industrialised nations.
Malaysias selling point cannot
be cheap labour anymore, said Rob-
erto Benetello, chief executive of-
ficer of the EU-Malaysia Chamber
of Commerce and Industry. Euro-
pean companies need workers who
can operate in a high-tech envi-
ronment and they bring it up as a
critical issue for Malaysia, he said.
It really is important to move
the skills of people, of talent, at the
same speed and along the same
line as the sophistication of your
manufacturing capabilities and
your productivity, Benetello said.
Malaysia does not grow much
cocoa, but it has become the con-
tinents number two processor by
grinding beans imported from In-
donesia. Malaysia has 51 chocolate
manufacturers and confectioneries
and 194 local chocolate producers,
selling about RM1.1 billion a year.
In comparison, the cocoa it culti-
vated last year was valued at US$5
million when calculated using av-
erage futures prices for 2016.
We need to learn from advanced
countries, why they are so advanced,
said Lim of the manufacturing feder-
ation. Invest in the right things. Then
only you can compete. Bloomberg
forcing the government to start
favouring renewable energy over
dirty coal. As a result, Chinese coal
consumption has actually fallen
since 2013. And electricity in Chi-
na, though still cheap, is now only
about a third less expensive than
in the US.
So Chinas legendary cost ad-
vantage, so potent in the 2000s, has
mostly eroded in the 2010s. And the
trend will probably continue. This
means that although the US lost lots
of jobs and industry to China in the
previous decade, the bleeding has
stopped. Chinese companies are
even starting to build some facto-
ries in the US.
This means that just like on im-
migration, the Trump adminis-
tration is living in the past when
it comes to China. If the US had
taken the China threat seriously 15
or 20 years ago, it might have been
able to cushion the blow by forcing
China to stop making its currency
artificially cheap. But it is now too
late for that the damage to US
workers careers and to US indus-
trial know-how has already been
done. The great China Shock is over.
What US leaders need to do now
is stop focusing on the last decades
problems, and start thinking about
those of the next decade. Bashing
China might have done the US some
good long ago, but it will achieve
little or nothing now. Bloomberg
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
Washington-
Beijing spat
casts doubt on
MoneyGram
pay-o
BY PET E SWEENEY
HONG KONG: Rising political
tensions could derail a Chi-
nese bid for MoneyGram In-
ternational. Markets are pric-
ing in an increasing risk that
US President Donald Trumps
administration will stymie a
US$1.2 billion (RM5.14 billion)
takeover by Ant Financial, the
payment firm controlled by
Alibaba founder Jack Ma. That
would send a nasty message to
Beijing at the expense of Mon-
eyGram investors.
The slide started on July
12, after Reuters reported Ant
would refile its application to
the Committee on Foreign In-
vestment in the United States
(Cfius), after failing to secure
Cfius approval within the orig-
inal 75-day review. Since then,
American politicians on both
sides of the aisle have called
for more pressure on China;
on Tuesday, Senate Democratic
leader Charles Schumer urged
Trump to block Chinese in-
vestments to encourage it to be
harder on North Korea.
As of Wednesdays close,
the stock was trading 12% be-
low Ants friendly US$18 per
share offer. If the deal closes
by year end, as intended, an-
yone brave enough to buy now
would make a tasty 32% annu-
alised return, a Reuters calcu-
lation shows.
It is also possible to make a
rough-and-ready estimate of
just how worried investors are.
Rival suitor Euronet Worldwide
is waiting in the wings, having
offered US$15.20 per share. If
the well-heeled Chinese bidder
gets dragged off stage, Euronet
would probably return. It prob-
ably cannot pay much less than
US$13, given that MoneyGram
rejected an opening bid from
Ant of US$12.75. With this in
mind, the current price would
suggest investors think there is
a roughly two-in-five chance
that Ant will fail.
The security risks look man-
ageable. But that is irrelevant
for those who want Washington
to adopt reciprocal meas-
ures that mirror Chinese tac-
tics. Beijing unapologetically
punishes foreign companies for
the sins of their governments
it is banning South Korean
pop stars in retaliation for the
installation of a US missile-de-
fence system. Blocking Chinas
most famous private company
would send a clear signal that
Washington is also going to
play dirty.
That would hurt Money-
Gram investors, and run coun-
ter to American free-market
principles. But unpredictable
politics doing collateral dam-
age to private interests looks
like the new normal. Reuters
China tries to calm
US trade dispute
But the Asian giant has countervailing measures at the ready
BY KEV IN HAM LIN
& ANDR EW M AYEDA
BEIJING/WASHINGTON: China
sought to stabilise the deteriorating
trade relationship with the US, as
the prospect of an investigation by
the Trump administration on intel-
lectual property raised the risk of
tit-for-tat measures from Beijing.
US officials are gearing up to
investigate China over what the
administration perceives to be vi-
olations of intellectual property,
said a government official who
spoke on condition of anonymity
Australias biggest bank accused of
breaching terror-financing laws
SYDNEY: Australias biggest bank
was taken to court yesterday by
the countrys financial intelligence
agency, accused of serious and
systemic non-compliance of an-
ti-money laundering and counter-
terrorism financing laws.
The Australian Transaction Re-
ports and Analysis Centre (Austrac)
said it was taking civil action against
the Commonwealth Bank in the Fed-
Noble Group destined to fail, says Iceberg, defying lawsuit
BY JASMINE NG
SINGAPORE: Noble Group Ltd re-
ceived a fresh broadside from Iceberg
Research as its long-time foe predict-
ed that the commodity company will
probably fail, while telling executives
the anonymous commentator will not
be silenced by being sued.
on Wednesday because the probe
has not been announced.
It is a charge Beijing rebuffs.
Commerce ministry spokesman
Gao Feng said yesterday China
pays high attention to intellec-
tual property and wants to maintain
good cooperation with the US. Still,
China has for some time had coun-
tervailing measures at the ready in
case a trade spat erupts, including
legal constraints on foreign com-
panies and import curbs on spe-
cific sectors.
Meantime, state media have sig-
nalled the nation would hit back
eral Court for allegedly breaching laws
53,700 times, particularly in relation
to its cash deposit machines.
The financial giant could face a
massive fine if found guilty. Gambling
giant Tabcorp in March was slapped
with an A$45 million penalty the
largest civil fine in Australian corpo-
rate history by the Federal Court
for 108 breaches of the same laws.
It is accused of failing to deliver
Noble is sinking in a perfect
storm, the researcher said in a
report yesterday. The company
is walking toward bankruptcy and
liquidation. Its cost of fund is pro-
hibitive. Noble is losing the confi-
dence of its counterparties and of
its banks. Key traders are leaving.
Iceberg, which does not identify its
W O R L D B U S I N E S S 15
against any trade measures, as it
has done in past episodes. This time
around, the need to project strength
domestically is compounded by the
looming twice-a-decade leadership
reshuffle that may further entrench
President Xi Jinpings power.
Ahead of the 19th Party Congress,
the last thing that China will want is
a trade war, said Callum Henderson,
a managing director for Asia-Pacific
at Eurasia Group in Singapore. It is
also important that Beijing does not
look weak in this context. As such,
expect a cautious, proportional re-
sponse. Bloomberg
to Austrac on time 53,506 reports for
cash transactions of A$10,000 or more
at the machines between November
2012 and September 2015, with a total
value of A$624.7 million. It also failed
to report suspicious transactions on
time, or at all, that totalled A$77 mil-
lion, and did not monitor customers
or manage the risk even after becom-
ing aware of suspected money laun-
dering, the agency claimed. AFP
analysts, has been sparring with the
Hong Kong-based company for over
two years. The trader has repeatedly
denied Icebergs allegations.
Noble Group shares fell after
the reports release, losing as much
as 7.6% to 36.5 Singapore cents
(RM1.56), and trading at 38 Singa-
pore cents at 3.32pm. Bloomberg
IN BRIEF
Toshiba to build chip plant
without Western Digital
TOKYO: Toshiba Corp is moving
forward with plans to build a
new memory chip plant without
long-time venture partner West-
ern Digital Corp. The electronics
maker will spend 195 billion
(RM7.55 billion) on construction
of Fab 6 of its Yokkaichi semi-
conductor facility in western Ja-
pan, the Tokyo-based company
said in a statement yesterday.
Toshiba, which owns the land,
buildings and the production
know-how at the factory, has
split investments in the equip-
ment with SanDisk Corp since
the joint supply venture started
in 2004. Western Digital acquired
SanDisk last year. Toshiba and
Western Digital are locked in an
escalating legal fight over Toshi-
bas plan to sell its share of the
business to make up for multi-
billion-dollar losses in its nuclear
power operations. Bloomberg
Adidas powers ahead in
North America and China
BERLIN: German sportswear
firm Adidas AG reported an-
other quarter of bumper sales
growth in North America and
China yesterday as it took market
share from rivals Nike and Un-
der Armour with its retro styles
and running sneakers. Adidas,
which had already announced
preliminary second-quarter re-
sults and raised its 2017 guidance
last week, said sales grew 28% in
China and 26% in North Ameri-
ca, although they fell 11% in the
tough Russian market. Overall,
sales rose a currency-neutral
19% to 5.038 billion (RM25.53
billion), with the core Adidas
brand growing 21% while sales
at the Reebok fitness brand were
up 5%. Reuters
HK start-up close to
US$500m valuation
HONG KONG: TNG FinTech
Group Inc, a Hong Kong-based
digital wallet operator found-
ed in 2013, is poised to close a
funding round and is targeting a
valuation of about US$500 mil-
lion (RM2.14 billion), according
to a person familiar with the
matter. The firm has attracted
almost US$60 million in the se-
ries A round from investors in-
cluding a Beijing-based private
equity fund, said the person.
TNG, which offers global mon-
ey transfers, foreign-exchange
transactions and bill payments,
expects to be profitable this year
and is targeting a listing in either
New York or Hong Kong by 2019,
the person said. Bloomberg
Chinas Meituan said in
talks to raise up to US$5b
HONG KONG: Meituan Dian-
ping, Chinas largest group-buy-
ing and restaurant review service,
is in talks to raise US$3 billion
(RM12.84 billion) to US$5 billion,
people with direct knowledge
of the matter said. The funding
round is likely to value the com-
pany at US$25 billion to US$30
billion, the people said. Tencent
Holdings Ltd, already a backer,
plans to participate in this round,
they said. Bloomberg
16 FO CU S
Funds used for exposure to bonds
ETFs are likely to make up an increasingly large proportion of investors portfolios
BY KO D IN G WEI
A
ctively managed
funds posted out-
flows of US$92.3
billion last year, ac-
cording to fund data
provider Morning-
star, while index funds brought
in US$625.2 billion. Their low fees
have made index funds popular
even as active funds have struggled
to consistently outperform bench-
mark indices. And as robo-advis-
ers go mainstream, ETFs are likely
to make up an increasingly large
proportion of investors portfolios.
However, investors should not
be too quick to ditch actively man-
aged funds entirely. In particular,
investors seeking exposure to the
bond market should consider ac-
tive funds rather than passive ones.
Research released by Pacific In-
vestment Management Co (Pimco)
this year shows that, unlike equity
mutual funds, active bond mutual
funds have largely outperformed
their passive peers after fees.
Pimcos study compared the
performance of US-listed ETFs
and open-end funds available to
US-based institutional investors.
It found that more than half of the
active bond funds and ETFs out-
performed their median passive
peers in most categories over the
past one, three, five, seven and 10
years, with 63% of them outper-
forming over the past five years. In
contrast, only 43% of active equity
mutual funds and ETFs outper-
formed their median passive peers
over the past five years.
Looking at the three largest in-
come categories within a five-year
period intermediate-term, high-
yield and short-term 84%, 81%
and 60% of active bond funds and
ETFs outperformed their median
passive peers, respectively. Within
equity, most active funds and ETFs
in each of the three largest catego-
ries large growth, large blend and
large value underperformed.
Factors driving outperformance
A key differentiating factor of the
bond market is the frequency of
index rebalancing. According to
Pimco, most bond indices are re-
balanced monthly because of in-
dex requirements, bonds reaching
their maturity or new bonds being
issued. The Bloomberg Barclays US
Aggregate Bond Index, a widely
used index, had an average turn-
over rate of 40% a year from 2013
to 2016. Half of this was due to the
issuance of new securities, which Comparing bond fund returns
make up 20% of the bond markets Active bond funds in Singapore have generally outperformed bond ETFs
capitalisation each year.
This is significantly higher in com-
parison with the equity market. The
turnover rate of the Standard & Poors ABF Singapore Bond Index Fund
500 index was 4% last year and new db x-trackers II iBoxx $ Treasuries UCITS ETF (DR)
issues generally make up less than db x-trackers II Markit iBoxx ABF Singapore
1% of market capitalisation. Constant
trading in and out of bonds to track
an index would negate some of the
efficiencies that passive investors iShares JP Morgan USD Asia Credit Bond Index ETF
are supposed to enjoy.
BLACKROCK SAMUEL ISAAC CHUA
Cunningham: An optimal portfolio Lau: We have the exibility and ability
should consist of both active and to rotate our asset allocation across the
passive vehicles, with ETFs making up full spectrum without being specically
the core components. constrained by the index positioning
Also, Pimco notes that the bond the fund providers experience in
market is less efficient and more developing, managing and support-
opaque than the equity market. While ing the funds comes into play. Most
some bonds do trade on an exchange, bond indices are rebalanced monthly
most trade in a decentralised over- to take into account the cash flows
the-counter market. That means ac- inherent in fixed income securities
tive managers are able to use their and any bonds that enter or exit the
knowledge to seek securities they index, says Cunningham.
can buy at a lower offer and sell at a If bond fund managers are going
higher bid than passive managers. to make an active decision anyway,
Given that new securities make up why not make one with a view in
a fifth of the bond markets capitali- mind? Clifford Lau, head of fixed
sation, active managers can also add income for Asia-Pacific at Colum-
value by having a strong presence in bia Threadneedle Investments, says
the new bond issuance market. Ac- being able to allocate assets without
tive bond managers strive to secure constraints allows him to achieve
sizeable allocations at concession in better performance. Lau manages
the process of syndication of new the Threadneedle Flexible Asian
issues, Pimco says. Bond Fund, which invests at least
Meanwhile, passive managers two-thirds of its assets in bonds
may have difficulty mimicking a issued by governments and com-
bond index, owing to the low liquid- panies in Asia, and the remaining
ity of the bond market and its high in various currencies when appro-
transaction costs. The Bloomberg priate. It delivered a return of 3.4%,
Barclays US Aggregate Bond Index 5.38% and 4.95% over the last one,
contains close to 9,000 securities. two and three years respectively on
Ultimately, Pimco says, many pas- a gross basis. Its benchmark 50%
sive managers are still required to from the JP Morgan Asian Credit
make an active decision when it Index Sovereign-only sub index
comes to choosing from the long (hard currency) and 50% from the
list of securities in the index. Citi Asian Government bond Index
Investible (local currency) has
Active decisions delivered returns of 1.77%, 4.72%
Sean Cunningham, BlackRocks and 3.63% respectively over the
Asia-Pacific head of capital markets same periods.
and fixed income for iShares and Lau says he has been spending
index investing, says many bond most of his risk budget on the US
ETFs employ some form of sam- dollar credit market but is able to
pling to create their portfolios. Each shift capital towards the local cur-
index is first divided into groups of rency market should it start to out-
bonds, known as cells, with specific perform. We have the flexibility
attributes such as maturity, credit and ability to rotate our asset alloca-
quality or sector. The representative tion across the full spectrum with-
bonds from each cell are selected out being specifically constrained
to balance liquidity and transaction by the index positioning.
costs to construct the ETF. Lau thinks active management
Once the ETF is built, it must be will become even more important.
managed to track its designated index Passive strategies received so much
on an ongoing basis and this is when traction because the global mar-
ETF ETF ANNUALISED
RETURNS (%)
1-Year 3-Year 5-Year
-1.52 0.14 -0.59
-3.20 0.99 0.31
Government UCITS ETF 0.27 2.52 1.09
iShares Barclays USD Asia High Yield Bond Index ETF -1.73 -0.76 0.04
-2.27 0.66 0.47
Source: Bloomberg; Morningstar
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
FINANCIAL ALLIANCE
Wong: In a low interest rate
environment, seeking alpha through
active management becomes more
important, as every basis point counts
kets rallies were largely correlated; a
correlated broad-based asset value
appreciation would definitely allow
passive [funds] to deliver your target
return more easily, he says. During
this highly correlated global rally
period, the default rate has been
relatively low because companies
could easily get their debt refinanced.
However, as the market starts to turn,
if these companies do not have this
easy credit and risk-free rates start to
rise, there will be a repricing of the
overall asset valuation. You will then
require someone who knows the
fundamentals of the market to help
you do the cherry-picking.
A good bond fund manager can
seek alpha from four sources du-
ration, credit, curve and curren-
cy, says Victor Wong, director of
wealth management at independ-
ent advisory Financial Alliance. In
a low interest rate environment,
seeking alpha through active man-
agement becomes more important
as every basis point counts.
In defence of passive funds
According to Wong, ETFs provide
a good broad-based diversification
if they track a global bond bench-
mark. But the greatest advantage of
ETFs is that their low cost will lead
to long-term outperformance, all
other things being equal.
The increasing emergence of
robo-advisory firms in addition
to the increasing adoption of fee-
based advisory models in the US,
UK, Australia and other developed
nations are also driving more in-
vestments to ETFs and low-cost
passive funds because such models
charge an advisory fee based on a
percentage of the investment assets
rather than earn a commission on
product implementation, Wong
tells The Edge Singapore.
COMPARABLE ACTIVE FUNDS
AVERAGE ANNUALISED RETURNS (%)
1-Year 3-Year 5-Year
1.42 3.19 2.24
-1.16 -0.48 -0.89
1.42 3.19 2.24
4.99 5.41 5.99
2.39 4.01 3.92
Goh: Bond ETFs may have features such
as monthly income, which could be
good for retirement planning.
Active managers often invest in
fixed income strategists, quants,
credit analysts and systems to ac-
quire and process relevant informa-
tion. These additional costs translate
into a higher expense ratio for active
funds. On average, the expense ra-
tio for active bond funds available
in Singapore is 1.45%, whereas that
of bond ETFs is only 0.28%.
We believe it is very difficult
to time the market and the key is
to stay invested and keep costs as
low as possible meaning that
investors will keep more of what
they can earn, adds BlackRocks
Cunningham. Nevertheless, an
optimal portfolio should consist
of both active and passive vehi-
cles, with ETFs making up the core
components so that investors could
gain access to major benchmarks
at a very low cost.
Cunningham says other drivers
for the rapid adoption of fixed-in-
come ETFs include the additional
layer of liquidity they provide and
the ability to replace thousands
of bonds as a single-line item on
balance sheets.
According to Joanne Goh, re-
gional equity strategist at DBS
Group Research, overall liquidity
in the fixed income market has
also shrunk further, owing to tight-
ened regulations on derivatives
and central bank buying of corpo-
rate bonds. ETFs provide investors
with sufficient liquidity to get in
and out of positions, and for short
time horizons, she says. Bond ETFs
may have features such as monthly
income, which could be good for
retirement planning.
Wong believes the type of fund
chosen should be based on an indi-
viduals approach towards investing.
An investor who wants a more abso-
lute return approach should choose
an active bond fund manager that
adopts an unconstrained investing
style. The fund manager can allo-
cate capital across various sectors
and countries that offer attractive
risk-adjusted returns, and go over-
and under weight certain sectors
depending on market conditions.
On the contrary, for investors who
want to control asset allocation to
the various bond sectors, the low-
cost passive bond fund would be
ideal. The Edge Singapore
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
Viva Industrial Trust gets boost from Harvey Norman
BY CH AN C HAO PEH
WHEN Viva Business Park (VBP)
was known as Technopark @ Chai
Chee, it housed a collection of
stodgy tenants providing IT and
telecommunications services, some
electronics makers and a sprin-
kling of start-ups. Viva Industrial
Trust (VIT), the new owner, spent
S$81 million in a multi-phase as-
set enhancement initiative (AEI) to
revamp the property into a work-
shop-dine-play destination.
In addition to F&B outlets,
VIT signed on Decathlon, a
French sports retailer, as the an-
chor tenant. Within its 35,600
sq ft of space, it carries a mind-
boggling range of sports equipment
and apparel at attractive prices,
drawing crowds from the nearby
Bedok, Chai Chee and Kemban-
gan housing estates and beyond.
As VIT wrapped up the final
phase of VBPs improvement works
in May, it drew in another large
tenant: Harvey Norman. The lead-
ing electronics retailer has taken
up a total of 38,500 sq ft over two
floors, beating Decathlon as the
largest tenant. Even so, Decathlon,
which enjoys very visible ground-
floor frontage, seems to be paying
a higher rent, accounting for 3.2%
of VITs committed rental income.
By contrast, Pertama Merchan-
dise Holdings, which runs Har-
vey Norman, accounts for 2.3%,
according to VIT.
As at June 30, thanks to Decath-
CFOs morph from guardians to strategists
BY G O O L A WA RD EN
ANDREW LIM, chief financial of-
ficer at CapitaLand, spent three
hectic days at end-June to early July
accompanying analysts and re-
porters on a tour of the groups
properties in China. With the
group, he sampled the offerings
of CapitaLands F&B tenants, did
some shopping and even tried out
a flight simulator.
Its been very useful for me
to spend three days with you and
[obtain] your forthright and hon-
est feedback, he said at a briefing
earlier this month. Lims objective
is to ensure CapitaLand achieves
a target return on equity (ROE) of
8% without overstretching its bal-
ance sheet. We want to get to 8%
sustainably at a run rate that meets
our cost of equity, he explains. He
is aiming for about two-thirds of
CapitaLands income to be recur-
ring income and the remaining
one-third from its trading port-
folio of developments.
A former investment banker
from HSBC, Lim sees his role at
CapitaLand as being more than
just ensuring the group has an effi-
cient balance sheet and sufficient
cash flow to meet its obligations.
It is also about helping to steer
the group into the right develop-
ments and investments. When
we look at the capital structure,
its not what the balance sheet
is now, or [what the] ROE or net
debt is now, but [what] it would
Ang: We are excited to see the full eects of the successful AEI at VBP positively
impacting returns.
lon, Harvey Norman and 21 other
retail and F&B tenants, Viva Busi-
ness Park had achieved an occu-
pancy rate of more than 92%. The
number of monthly visitors, for
one, has increased from around
250,000 at the beginning of the
year to more than 300,000 in June.
In addition, the presence of the
new tenants has helped generate
spillover effects for the park as a
whole. For 1H2017, VIT was able
potentially be if we see something
attractive. Those are the key things
we want to be ready to be able to
do, or to have the capital structure
to be able to do it.
Sandford Cockrell, global leader
and managing partner overseeing
the CFO Program at Deloitte, says
the role of the CFO has changed
since the global financial crisis.
Modern-day CFOs have four fac-
es, he says. They are the steward
of internal and external financial
truth. Then, they are an operator
of the finance organisation. Its
their responsibility to make sure
the finance organisation has the
right people, processes and tech-
nology in place, so that finance
runs efficiently and effectively to
support the business.
CFOs now also increasingly
play the role of strategist and cata-
lyst, Cockrell continues. The strat-
egist CFO helps the organisation
make decisions on mergers and
acquisitions, entering new mar-
kets and launching new prod-
uct lines. The strategist CFO also
has a hand in changing a compa-
nys business focus and business
models. In the last seven years,
weve seen the CFO playing an
important role in making stra-
tegic decisions around growth,
whether to do it organically or
inorganically, mergers and ac-
quisitions, or to dispose of some
businesses. They are at that table
with the CEO and board to make
decisions, Cockrell says.
to achieve rental reversion of 5%
for the whole of VBP.
On July 26, VIT announced that
gross revenue for 2Q ended June
30 was up 18% y-o-y to S$27.6 mil-
lion (RM86.94 million). Net prop-
erty income was up 17.5% y-o-y to
S$20.2 million. Distribution per
stapled security for the same quar-
ter was up 6.3% y-o-y to 1.861 Sin-
gapore cents, extending an upward
trend for the past two quarters. This
PICTURES BY ALBER CHUA
Cockrell: The CFO
today is responsible
for the allocation of
capital and for the
right analysis.
Once a decision is made for an
M&A, or to enter a new market or
launch a new product, the cata-
lyst [CFO] drives the execution
around that decision and makes
sure it happens, so that you hit
your metrics and milestones,
Cockrell adds.
In order to be effective, CFOs
now require training in more
Viva Industrial Trust
Vol (000)
20000
S$0.92
15000
10000
5000
0 0.60
Aug 1, 2014 July 26, 2017
level of distribution translates into
an annualised yield of 8.4%, based
on VITs June 30 closing price of
88.5 Singapore cents.
This quarters distribution will
go ex on Aug 1 and unitholders
will be paid their entitlement on
Aug 28. On July 26, VIT closed at
a year-high of 92 Singapore cents,
which is also a near-22% gain year
to date. This level is also higher
than VITs net asset value of 79
Singapore cents a share.
The 2Q2017 results are tes-
tament to VITs ability to create
transformational value from its
properties and deliver on commit-
ted strategies, says Wilson Ang,
CEO of Viva Industrial Trust Man-
agement, manager of VIT.
We are excited to see the full
effects of the successful AEI at VBP
[having a positive impact on] re-
Ng: Weve moved away
in the last 20 years
from the notion that
youve got to be an
accountancy graduate.
than just accounting, according
to Ng Jiak See, partner, clients and
markets leader, Singapore and
Southeast Asia at Deloitte. Weve
moved away in the last 20 years
from the notion that youve got to
be an accountancy graduate. For
example, weve a heart surgeon,
and that makes them exception-
al CFOs because their mindset
FO CU S 17
turns, with further spillover effects
to VBPs business park space in the
S$ coming quarters, he adds.
0.95 While VBP is a bright spot in
VITs portfolio, it is not the most
0.90
valuable component of VITs hold-
0.85 ings, which have a total value of
S$1.3 billion. VBPs valuation of
0.80
S$353.5 million is lower than the
0.75 S$515 million of UE BizHub East, a
hotel-cum-office property adjacent
0.70 to the Expo MRT station. Impend-
0.65
ing completion of the Downtown
Line 3, which uses Expo as an inter-
change station, is seen to help drive
traffic and business in the area.
If there is a sore point within
VIT, it is Jackson Square carried
at S$80 million on VITs books. In
April, Jackson International, the
main tenant of Jackson Square,
was served a liquidation notice.
According to VIT, the occupan-
cy rate at the Toa Payoh property
remained at 89% as at end-June.
Jackson Internationals subsidi-
aries, occupying 24% of the total
gross floor area, helped mitigate
vacancy concerns. They have se-
curity deposits with VIT totalling
some S$1.7 million. In addition,
new tenants have come on board.
They have taken up about 70,000
sq ft out of a total of 418,586 sq ft.
Furthermore, the manager does
not expect the property expens-
es at Jackson Square to increase
significantly after taking over the
facilities management of Jackson
Square from Jackson International,
states VIT. The Edge Singapore
is very different from [that of ] a
traditional accountant or finan-
cial controller, she says. In fact,
more than half the CFOs of the
Fortune 1000 companies are not
former accountants or financial
controllers.
The changing role of CFOs was
partly triggered by the turmoil
that followed the global financial
crisis, and partly by the unfolding
disruption wrought by new tech-
nologies such as artificial intelli-
gence, robotics and automation.
The CFO today is responsible for
the allocation of capital and for
the right analysis, so that eventu-
ally the CEO and board can make
the final decision, Cockrell says.
CFOs have to interpret whether it
is smart for companies to make a
big investment, and whether the
payback is sufficient to meet ROE
hurdles, he elaborates.
The strategist CFO has the re-
sponsibility of insight into risk
management, and needs to be
aware of what could disrupt an
organisation. Over and above the
strategist role, CFOs still need to
articulate and communicate the
bigger issues in accounting policy
and how they affect the company
to its board members, investors
and capital markets. The ability
to take arcane, technical account-
ing principles and turn that into a
language understood by the cap-
ital markets is still part of a CFOs
role, Cockrell says. Th e Edge
Singapore
18 W O R L D B U S I N E S S
Trump signs Russia sanctions bill
Moscow calls it trade war, US president says it limits his powers to shape foreign policy
BY RO B ERTA RA MPTON
& PAT R I CI A ZENGERL E
WASHINGTON: US President Don-
ald Trump grudgingly signed into
law new sanctions against Russia
on Wednesday, a move Moscow
said amounted to a full-scale trade
war and an end to hopes for better
ties with the Trump administration.
Congress overwhelmingly ap-
proved the legislation last week,
passing a measure that conflicts
with the Republican presidents
Trading pains
handicap tter
European banks
BY SWAHA PATTA NA I K
LONDON: Even strong athletes
can be hobbled by unexpected
twinges of pain. All the more so
European banks, which are still
on the path to recovery. Socit
Gnrale (SocGen) and Commer-
zbank on Wednesday became the
latest to say that they were hurt by
difficult trading conditions in the
second quarter. The volatility of
revenues from this business risks
masking banks improving fitness.
SocGens revenues fell
1.3% in the second quarter
compared with a year earlier
once exceptional items were
stripped out. Lower volatility
and investors wait-and-see
attitude proved a difficult back-
drop for its global markets and
equities divisions. Commer-
zbank revenues fell almost six
times as much in the same peri-
od, with the decline particularly
marked in its corporate clients
business. The German lender
also cited difficult market for
trading but has bigger chal-
lenges. It is cutting jobs and
streamlining its business in a
bid to return to profitability.
The good news is that the
underlying financial health of
the sector is improving. Euro-
pean banks common equity
Tier 1 ratio rose to 14.1% in the
first quarter from 12.4% two
years earlier, according to the
European Banking Authority.
At Commerzbank, this ratio
has risen further since then,
to 13% in the second quarter
from 12.5% at the end of March.
There are other reasons for
optimism. Several big banks are
enjoying growth in lending and
deposits: SocGen and ING were
among their number on Wednes-
day. That bodes well for their prof-
itability when interest rates even-
tually rise. Commerzbank reckons
a 100 basis point increase in short-
and long-term rates would boost
its net interest income by about
500 million (RM2.53 billion) the
following year. But that gift is sole-
ly in the hands of central bankers.
Reuters
desire to improve relations with
Moscow.
Trump criticised the measure as
infringing on his powers to shape
foreign policy, and said he could
make far better deals with gov-
ernments than Congress can.
Russian Prime Minister Dmit-
ry Medvedev called the sanctions
tantamount to a full-scale trade
war, adding in a Facebook post
that they showed the Trump ad-
ministration had demonstrated
utter powerlessness.
Venezuela is said to prepare
workaround if US bans oil imports
BY LUCIA KASSAI
& FABIOLA ZER PA
HOUSTON/CARACAS: Venezuelas
state-owned oil company and its part-
ners have quietly started working on a
Plan B to find markets for the countrys
crude oil if the White House ratchets
up sanctions and bans imports.
Venezuelas oil exports are vi-
tal to the cash-strapped country,
prompting officials to look for al-
ternate destinations and sources
of revenue, according to people
familiar with the situation. About
a third of all oil produced in Ven-
ezuela is processed at American
refineries on the Gulf Coast. Ship-
Hyperloop start-up says superfast rail a reality
BY THOM AS URBAIN
NEW YORK: The near-supersonic
rail system known as hyperloop has
passed another key milestone on
its path to become reality, the US
start-up Hyperloop One said on
Wednesday.
Hyperloop One, which is devel-
oping a system theorised by entre-
preneur Elon Musk, said that a test
last week of a full hyperloop system
at its private facility in the desert
near Las Vegas was a success, hit-
ting record speeds.
Thats a huge milestone for us,
said Hyperloop One co-founder
and executive chairman Shervin
Pishevar.
Now weve shown that the hy-
perloop actually works. And now
this is the dawn of the commercial-
isation of the hyperloop.
During what the start-up re-
ferred to as Phase 2 testing, a pod
fired through a tube depressurised
to the equivalent of 60km above sea
level reached an unprecedented
speed of 310kph.
Weve proven that our technol-
ogy works, and were now ready to
enter into discussions with partners,
customers and governments around
the world about the full commercial-
isation of our Hyperloop technology,
While I favour tough measures
to punish and deter aggressive and
destabilising behaviour by Iran,
North Korea, and Russia, this legis-
lation is significantly flawed, Trump
said in a message to lawmakers.
The new law allows Congress,
which passed the measure to pun-
ish Russia over interference in the
2016 US presidential election and
the annexation of Ukraines Crimea,
to halt any effort by Trump to ease
sanctions on Russia.
The sanctions will affect a range
ments to the US were worth about
US$12 billion last year.
The US, currently the largest sin-
gle buyer of Venezuelan crude, sanc-
tioned President Nicolas Maduro on
Monday after he held elections over
the weekend for a new assembly that
will rewrite the constitution. Mean-
while, Wall Street bankers are keep-
ing their distance from Simon Zerpa,
the 33-year-old vice-president of
finance at Petroleos de Venezue-
la SA, the state oil company, after
the Trump administration levied
sanctions against him and 12 oth-
er Venezuelan nationals last week.
If a country decides to stop buying
Venezuelan oil, there are many mar-
said chief executive Rob Lloyd.
The hyperloop system is de-
signed to send pods carrying car-
go or people through low-pressure
tubes for long distances at passen-
ger jet speeds.
Hyperloop One early this year
disclosed a list of locations around
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
of Russian industries and might
further hurt Russias economy, al-
ready weakened by 2014 sanctions
imposed after the annexation of
Crimea.
Several provisions of the law
target the Russian energy sector,
with new limits on US investment
in Russian companies. American
companies also would be barred
from participating in energy ex-
ploration projects where Russian
firms have a stake of 33% or high-
er. Reuters
kets in the world where you can send
Venezuelan oil to, Ricardo Menendez,
the countrys planning minister, told
reporters on Sunday in Caracas. We
already export to others parts of the
world and have very strong relations
from a geopolitical standpoint with
Russia, China and India.
If we get oil sanctions they are
doing us a favour because the price of
oil will rise, Venezuelas information
minister Ernesto Villegas said in an
interview in Caracas on Wednesday.
Fuel will be more expensive in the
United States and Europe, and Nicolas
Maduro will continue in Miraflores, he
said, referring to the official workplace
of President Maduro. Bloomberg
the world vying to put the near-su-
personic rail transit system to the
test.
Viable submissions had to be
condoned by government agen-
cies that would likely be involved
in regulating and, ideally, funding
the futuristic rail. AFP
IN BRIEF
Deutsche Telekom 2Q
prots beat forecasts,
US in spotlight
FRANKFURT: Deutsche Tel-
ekom, Europes biggest tel-
ecom company, yesterday
posted quarterly results that
topped expectations, with a
9% rise in core profit pow-
ered by strength in the US
and modest gains in Ger-
many and Europe. The Ger-
man company slightly nudged
up its 2017 outlook for core
profit to around 22.3 bil-
lion (RM112.99 billion) from
22.2 billion previously. Sec-
ond-quarter results were driv-
en by the contribution from
its T-Mobile US business, 64%
controlled by Deutsche Tele-
kom, which last month said
it added more than a million
customers for the 17th quar-
ter in a row. Reuters
UniCredit beats
expectations with rise
in prots
MILAN: Italian bank Uni-
Credit, in the midst of a mas-
sive overhaul, said yesterday
that its net profit rose modest-
ly in the second quarter, beat-
ing expectations. While an-
alysts had expected profits
to decline to 676 million
(RM3.42 billion) in the April-
June period, instead they rose
3.3% from the second quar-
ter last year to 945 million.
UniCredit has undertaken
a major restructuring of its
business after it was among
the worst performers in stress
test results published by Eu-
ropes EBA banking regulator
in July 2016. AFP
Hansa Medical shares
gain on good kidney
transplant drug news
LONDON: Shares in Swe-
dens Hansa Medical jumped
12% yesterday after research
showed its experimental drug
allowed doctors to perform
successful kidney transplants
in 24 out of 25 patients with a
particularly high risk of organ
rejection. A donated kidney is
the best treatment option for
people with end-stage renal
disease but some 30% of those
on transplant lists have an-
tibodies making them high-
ly sensitive to donor organs,
even with standard immuno-
suppressant drugs. Reuters
BMW sticks to cautious
forecast as prots
shift up
FRANKFURT: German car-
maker BMW reported yes-
terday a leap in profits in the
second quarter, but stuck to
its forecast for the full year
as it spends on new models
and research and develop-
ment. Net profit at the group
reached 2.2 billion (RM11.12
billion) between April and
June, a 13.6% increase com-
pared with the same period
last year. Operating, or un-
derlying profit grew 7.5% to
reach 2.9 billion, on the back
of revenues up 3.1% at 25.8
billion. AFP
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
Indonesian
recipients
of Taiwan
scholarships up
BY JAY CHOU & CHRISTIE CHEN
JAKARTA: The Taipei Econom-
ic and Trade Office in Jakarta,
Indonesia, held an information
session on Wednesday for 69
scholarship recipients who will
study at graduate schools or
learn Chinese in Taiwan. The
number of recipients was up
by 77% compared with last year.
The 69 awardees were se-
lected from among 1,037 ap-
plicants for the scholarships
awarded by the education min-
istry, science and technology
ministry, and International Co-
operation and Development
Fund.
One of the successful appli-
cants is Hatmi Idris (pic), who
teaches Chinese at the Univer-
sity of Indonesia and studied
in Taiwan as a university stu-
dent. She will receive a second
scholarship
this year to
attend a PhD
programme
at Nation-
al Chengchi
University.
Hatmi
said she not
only im-
proved her
Chinese, but
also learned valuable skills dur-
ing her previous stay in Taiwan.
For example, she learned to
manage her time more effec-
tively and to be punctual.
Hatmi, who speaks fluent
Chinese, also praised the hos-
pitality of the Taiwanese. She
said that even though her Chi-
nese was not particularly good
when she first arrived in Taiwan,
teachers, classmates and even
strangers were always patient
when speaking with her.
Another scholarship awar-
dee, Assaidah Adnan, is a uni-
versity lecturer who will study
electronic engineering at Na-
tional Chiao Tung University.
She said many Taiwanese
universities have a high global
ranking, which is why she ap-
plied for a scholarship.
Assaidah said she hopes to
study advanced technology and
take back what she learns to
share with students in Indo-
nesia. CNA
Venezuela pressing on with new assembly
BY M AR I A I S A B EL SA N C H EZ
CARACAS: Venezuelan President
Nicolas Maduro is going ahead
with the inauguration of a pow-
erful new assembly, albeit with a
24-hour delay, even though the
British firm hired to handle the
vote said the turnout figure given
by his government was too high.
Attorney General Luisa Ortega,
one of Maduros most outspoken
critics, said she has opened an in-
Abe seeks new start
with cabinet revamp
He hopes this will stem a decline in public support
BY NATSUKO FUKUE
TOKYO: Japanese Prime Minis-
ter Shinzo Abe yesterday dumped
arch-conservatives and embraced
critical voices in a cabinet revamp
he hopes will stem a decline in pub-
lic support after a series of scandals
and missteps.
Political blueblood Abe, in of-
fice since late December 2012, has
pushed a nationalist agenda along-
side a massive policy effort to end
years of on-off deflation and rejuve-
nate the worlds third-largest econ-
omy.
But he has seen public support
rates plummet in the past few months
over an array of political troubles,
including allegations of favouritism
MINUTEMAN MISSILE ... The US Air Force test-launched an unmanned Minuteman III intercontinental ballistic
missile (ICBM) at 2.10am Pacic Daylight Time at Vanderberg Air Force Base, California, US, yesterday. This was just days after North
Korea red its latest ICBM into the Sea of Japan. The US ICBM, carrying no warhead, hit a mock target on a Pacic atoll. The launch
is said to validate and verify the eectiveness, readiness, and accuracy of the weapon system, according to Colonel Michael Hough,
commander of Air Force Global Strike Commands 30th Air Wing. Photo by Reuters
vestigation into what she called
scandalous electoral fraud.
The opposition said it was to go
ahead yesterday with a big march
against the new assembly, even
though the actual swearing-in has
been put off until today.
Maduro denied the accusations
of trampling on democracy in
Venezuela with Sundays contro-
versial election for an all-powerful
Constituent Assembly, dismiss-
ing them as a reaction by the
towards a friend in a business deal
which Abe strongly denies.
Abes Liberal Democratic Party
(LDP) suffered a drubbing in local
Tokyo elections last month, which
analysts and newspapers blamed
on an increasing arrogance on the
part of the prime minister.
I deeply regret that my short-
comings have invited this situation,
a chastened Abe said earlier in the
day ahead of the announcement of
the cabinet changes.
Abe reappointed former defence
minister Itsunori Onodera after close
ally and fellow nationalist Tomomi
Inada resigned from the post last
week following a scandal at the min-
istry over the handling of military
documents.
international enemy.
The technology firm hired
to handle the vote, Smartmatic,
said in a London news conference
that the official figures from the
election were tampered with
to make turnout appear greater
than it was.
Ortega said the firms assess-
ment was just one more element
of the fraudulent, illegal and un-
constitutional process initiated
by the socialist ruler.
He also tapped a pair of lawmak-
ers who have opposed some of his
policies.
New foreign minister Taro Kono
is the son of a dovish top diplomat
known for issuing a landmark 1993
apology as chief cabinet secretary
over Japans use of comfort wom-
en a euphemism for sex slavery
in World War II.
The US-educated 54-year-old is
known as an independent-mind-
ed, anti-nuclear power advocate, in
sharp contrast to Abes support for
atomic energy.
Kono replaced Fumio Kishida,
who served as top diplomat since Abe
came to power and is often seen as a
future prime minister. Kishida moved
to a top post in the LDP. AFP
The electoral authority itself
criticised as a Maduro mouth-
piece denied the vote-tamper-
ing allegation as an irresponsible
contention based on estimates
with no grounding in the data.
The new 545-member body
whose members include Ma-
duros wife and son will have
sweeping powers to dissolve the
opposition-majority congress,
pass laws and write a new con-
stitution. AFP
W O R L D 19
IN BRIEF
Reports about Macrons
millionaire minister
iname his opponents
PARIS: Emmanuel Macron nev-
er claimed it would be easy to
strip back protection for French
workers the last three pres-
idents have failed. But he may
be making it harder than he
needed to. If you wanted a post-
er child for the capitalist logic
that so riles the old French left,
then Macrons labour minis-
ter, Muriel Penicaud, is not a
bad candidate. As a human re-
sources director at Danone in
the 1990s, Penicaud made 1.2
million from stock options while
cutting 900 jobs, according to
a French newspaper. Thats on
top of 4.8 million in cash re-
muneration over three years.
Reports about her executive
record have inflamed Macrons
opponents over the past week,
stoking resistance to his plans
to limit severance pay and re-
duce collective bargaining
rights. Frances second-larg-
est union, the CGT, is already
calling for demonstrations in
September. Bloomberg
Qatar creates new resident
status for foreigners
DOHA: Qatar, currently boy-
cotted by four Arab states, on
Wednesday created a new per-
manent residents status for cer-
tain groups of foreigners, in-
cluding those who have worked
for the benefit of the emirate.
In a first for the Gulf, Qatars
cabinet ministers approved the
measures, the official QNA press
agency reported, in a move that
will likely affect tens of thou-
sands of resident foreigners.
Under the new rules, children
with a Qatari mother and a for-
eign father can benefit from the
new status along with foreign
residents who have given ser-
vice to Qatar or have skills
that can benefit the country,
the agency said. AFP
Planes collide on Medan
runway, no casualties
JAKARTA: Two passenger
planes collided at an airport
in the Indonesian city of Medan
yesterday, an airline spokesman
said, the latest incident to hit
the countrys beleaguered avi-
ation sector. A Boeing airplane
operated by Lion Air was taxiing
along the runway after landing
at Kualanamu airport on the is-
land of Sumatra when it clipped
the wing of a Wings Air plane
waiting to depart for Meulaboh
in Aceh province. No one was
injured in the incident. AFP
Cambodia jails Aussie
nurse over surrogacy clinic
PHNOM PENH: An Australian
nurse who managed a surro-
gacy clinic in Cambodia that
matched foreign couples with
local women was sentenced
to 18 months in prison yester-
day, as authorities tackle rent-
a-womb businesses. Tammy
Davis-Charles, 49, has been in
custody since her arrest in No-
vember last year, weeks after
Cambodia abruptly banned
commercial surrogacy. AFP
20 WORLD
Asean set to avoid S China Sea
It is said to have omitted references to Chinas activities in its communique
BY M A N UEL MOGATO
MANILA: Southeast Asian ministers
meeting this week are set to avoid
tackling the subject of Beijings
arming and building of manmade
South China Sea islands, preparing
to endorse a framework for a code
of conduct that is neither binding
nor enforceable.
Asean members have omitted ref-
erences to Chinas most controversial
activities in its joint communique,
a draft reviewed by Reuters shows.
Tesla finishes first solar roofs
BY TO M RA NDA L L
NEW YORK: First the Model 3
electric car. Now the solar roof.
In just one week, Tesla has chal-
lenged two distinct industries with
radically new products.
Tesla has completed its first
solar roof installations, the com-
pany reported on Wednesday as
part of a second-quarter earnings
Trump aide
forcefully defends
bid to reduce legal
immigration
BY JU S T IN SI NK
WASHINGTON: Top White House
adviser Stephen Miller defended Pres-
ident Donald Trumps support for
legislation that would reduce legal im-
migration to the US and evaluate visa
applications based on merit, calling it
a policy that would help low-income
and minority Americans gain jobs.
Miller dismissed criticism that
the proposed bill would upend the
American principle, embodied in a
poem etched into the base of the Stat-
ue of Liberty, that your tired, your
poor, your huddled masses yearning
to breathe free are welcome in the
nation. The New Colossus, the son-
net by Emma Lazarus, was added
later and is not actually part of the
original Statue of Liberty, Miller told
a CNN reporter who asked about it.
The legislation unveiled earlier on
Wednesday, by the president, would
dramatically overhaul the US immi-
gration system. Its prospects are poor
in Congress, where many lawmakers,
including Republicans, say that low-
skill immigrants are welcome and
necessary to the economy.
If passed, the bill would lead to a
significant decrease in the number
of green cards issued to immigrants
and eliminate some benefits enjoyed
by prospective immigrants with fam-
ily members already here. Instead,
applicants with advanced degrees,
particular skills, or job offers would
be given preference. Bloomberg
In addition, a leaked blueprint
for establishing an Asean-China
code of maritime conduct does not
call for it to be legally binding, or
seek adherence to the United Na-
tions Convention on the Law of the
Sea (Unclos).
The two drafts highlight Chinas
growing regional clout at a time of
uncertainty whether the new US
administration will try to check
Beijings assertiveness in the dis-
puted waters.
The South China Sea chapter
report. Just like the first Model 3
customers, who took their keys
last week, the first solar roof cus-
tomers are Tesla employees. By
selling to them first, Tesla says
it hopes to work out any kinks in
the sales and installation process
before taking it to a wider public
audience.
I have them on my house, JB
has them on his house, Musk
Disease gene edited in human embryos in scientic rst
BY M AR ITTE LE RO UX
PARIS: Scientists in the US have re-
paired a disease-causing mutation
in the DNA of early-stage human
embryos, they said on Wednesday,
taking a step closer to engineering
babies free of inherited disorders.
The teams successful use of the
Crispr gene editing tool in viable
embryos was hailed as a technical
feat by outside experts, who called at
the same time for deeper debate on
the ethics of altering human DNA.
The lab-created, edited embryos
in the latest draft communique, a
negotiated text subject to changes,
is a watered-down version of one
issued in Laos last year.
Asean expressed serious con-
cern in that text, and emphasised
the importance of non-militarisa-
tion and self-restraint in all activi-
ties, including land reclamation.
But the latest text calls for avoid-
ance of unilateral actions in dis-
puted features instead.
The role of the Philippines as
2017 chair of Asean has helped
said, referring to Teslas chief tech-
nology officer JB Straubel. This
is version one. I think this roof is
going to look really knock-out as
we just keep iterating.
Production of the tiles began
at Teslas Fremont solar plant in
California, but will shift later this
year to its new factory in Buffa-
lo, New York, with additional in-
vestments from Teslas partner,
were not allowed to develop beyond
a few days, when they comprised
a handful of cells.
Just over 72% of the embryos
42 out of 58 ended up being free
of a heart disease-causing mutation
carried in the DNA of the sperm
used to create them, a team report-
ed in the journal Nature.
This was an improvement on the
50% odds for embryos that result
naturally from a couple in which
one partner carries the coding error.
With further improvement, said
study co-author Paula Amato of the
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
China keep a lid on discord.
Once Aseans most vocal critic
of Chinas conduct, the Philippines,
under President Rodrigo Duterte,
has put aside disputes in exchange
for Chinese funding pledges of
US$24 billion (RM102.72 billion).
Asean ties with the US, under
President Donald Trump, have
been influx, as questions linger over
Washingtons commitment to mar-
itime security and trade in Asia, di-
minishing the groupings bargaining
power with Beijing. Reuters
Panasonic. Musk said previously
that initial sales will be limited by
manufacturing capacity. As pro-
duction ramps up into 2018, sales
will begin in the UK, Australia,
and elsewhere, along with the in-
troduction of additional sculpted
terra cotta and slate versions of
the solar roof, according to pre-
vious reports from the company.
Bloomberg
ister Malcolm Turnbull said yes-
Oregon Health and Science Univer-
sity, the method can potentially be
used to prevent transmission of ge-
netic disease to future generations.
The alteration itself is herita-
ble, meaning that the children and
grandchildren of a person born
with edited DNA will be safe from
the same genetic disease.
Further research is needed to
determine the techniques safety,
and to boost its accuracy to as close
to 100% as possible before it can be
used to create embryos meant to
develop into healthy babies. AFP
IN BRIEF
US issues ban on tourist
travel to North Korea
WASHINGTON: The US issued
a ban on Wednesday prohib-
iting its citizens travelling to
North Korea, a move triggered
by the death of a US student im-
prisoned by Pyongyang during
a tourist visit. The ban, which
comes into effect on Sept 1,
was introduced after officials
said the serious risk of arrest
by Pyongyang officials during
tourist travel presented an im-
minent danger to the physi-
cal safety of its citizens. All
United States passports are de-
clared invalid for travel to, in, or
through the DPRK unless spe-
cially validated for such travel,
read the restriction in the US
governments Federal Register,
using the acronym for North
Koreas official name. AFP
US wants China to decide
on N Korea sanctions soon
NEW YORK: The US is pres-
suring China to decide in the
coming days on whether to back
tougher UN sanctions on North
Korea after weeks of negotia-
tions on a response to Pyong-
yangs missile launches, dip-
lomats said. US Ambassador
Nikki Haley has been in talks
with her Chinese counterpart on
a proposed sanctions resolution
since North Korea launched a
first intercontinental ballistic
missile (ICBM) on July 4. But
China, North Koreas main ally
and trading partner, has yet to
agree to the new measures even
after Pyongyangs second ICBM
test last Friday again raised
questions on how the UN Secu-
rity Council will respond. AFP
Kelly is said to assure
Sessions he can stay as AG
WASHINGTON: Attorney Gen-
eral (AG) Jeff Sessions is keep-
ing his job, at least for now. New
White House Chief of Staff John
Kelly told Sessions in a phone
call over the weekend that Pres-
ident Donald Trump doesnt
intend to fire him and that his
position is safe, according to a
person familiar with the con-
versation who asked not to be
identified discussing a private
exchange. Job security for Ses-
sions became an embarrassing-
ly open question its kind
of hurtful, the AG said at one
point after Trump attacked
him in tweets. Bloomberg
Australias spy agency
downgrades aviation threat
SYDNEY: Australian Prime Min-
terday the countrys intelligence
agency had downgraded the
threat level to aviation after an
alleged Islamic-inspired plot to
bring down a plane was uncov-
ered and disrupted. Four men
were arrested in raids in several
suburbs in Sydney, Australias
largest city, at the weekend and
held without charge under spe-
cial terror-related powers. One
man has since been released.
Increased airport security meas-
ures introduced after the arrests
have caused delays for some air
transport operators. Reuters
FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
F E AT U R E 2 1

From kitchen to pharmacy US cellular

Traditional herbs health alertness and short-term memory.
Misai kucing contains many flavo-
benets are increasingly noids and polyphenols, which pro-
studied and scientically tect the cells and are also known to
be highly antioxidative.
proven. Likewise, Kacip Fatimah (Labisia
pumila) has been taken traditional-
BY A N N I E G EORGE ly for womens health, especially to
regain ones figure and energy in the
post-partum period. Recent clinical
studies conducted by Canadas KGK
carrier Sprint
can choose from
the following
M&A options
BY J E N N IF E R S A B A
SPRINT Corp is busy working
the lines. Its chief executive
officer (CEO) Marcelo Claure
signalled on Tuesday that a
merger announcement is com-
ing soon. The companys share
price jumped 11% on the pros-
pect. News reports have run

I
t is typical to find ulam (vegeta-
bles, fruits or herbs eaten raw)
in a Malay meal, consisting of
ulam raja, pucuk paku, kesum,
pegaga and petai, to name a
few. The herbs used in ulam
are also used to make nasi kerabu
or nasi ulam, and other dishes. Their
contribution to the colour and taste
of Malaysian cuisine aside, there
has been recent evidence pointing
to the fact that some of these herbs
are high in antioxidants and possess
health-promoting properties, and
have been used traditionally to treat
diabetes and high blood pressure.
Case for kesum
Kesum (Persicaria minor, syn Po-
lygonum minus), used in laksa due
to its peppery flavour, is among
the herbs found to have high lev-
els of antioxidants. Antioxidants
are important in neutralising the
damaging effects of free radicals by
reducing oxidative stress, which can
otherwise cause cell damage. Ox-
idative stress is one of the culprits
that speed up ageing and age-relat-
ed diseases, such as neurodegen-
eration, inflammation that causes
osteoarthritis, cardiovascular dis-
ease and compromised immunity.
Scientific investigation into kesum
has demonstrated the ability of the
herb to protect living cells against
damage from oxidative stress. It was
also shown to inhibit acetylcholinest-
erase activity, whereby the enzyme
acetylcholinesterase metabolises ace-
tylcholine, a neurotransmitter in the
brain related to learning and memory.
Inhibition of acetylcholinesterase is
presently the most accepted and rec-
ognised therapeutic marker for the
development of memory-improving
drugs. Herbal plants with acetylcho-
linesterase inhibitory activity will
open new possibilities for improving
cognition and, therefore, memory.
Professor Suzana Shahar of Uni-
versiti Kebangsaan Malaysia con-
ducted a clinical trial on middle-aged
populations, with one group taking
an extract of kesum daily and the
other a placebo. The subjects were
given a series of psychological and
intelligence tests at the commence-
ment of the study, after three weeks
and after six weeks. The group re-
ceiving kesum extract scored higher
in overall good mood, short-term
memory and intelligence quotient.
It was found that several parameters
of cognitive function improved. This
2015 study, reported in the journal
Clinical Interventions in Aging, has
piqued interest in the popular herb.
Among those who have shown
clear interest is ethnobotanist Chris
Kilham (pic), dubbed the Medicine
Hunter, who was in Malaysia early
this year to gain a better understand-
Science and Universiti Sains Ma- the gamut of possible partners
laysia (USM) with Professor Dr Nik for the No 4 US cellular carrier.
Hazlina Nik Hussain and Associate Whats less certain is if any of
Kesum, used in laksa due to its peppery avour, is among the herbs found to have high Professor Dr Norhayati Mohd Noor them will pick up the phone.
levels of antioxidants. from the USM School of Medical From the menu of options,
Sciences have discovered that wom- dial one for Charter Commu-
en on Kacip Fatimah are calmer, get nications. Earlier this summer,
ing of the herb. In a recent write-up on back into shape faster as a result of the US$35 billion (RM149.8
this experience on the American Bo- reduced bloatedness and have an billion) Sprint was in talks with
tanical Council website, Kilham noted improved quality of life. Charter and Comcast Corp.
that kesum is also known as pygmy Another common traditional herb The idea was to renegotiate a
smartweed and has been linked to is dukung anak. (Scientifically known wireless agreement, but press
several highly effective health-ben- as Phyllanthus, it has a number of reports suggested the two cable
efiting properties. Published chem- species varieties, with P amarus, P firms may have mulled taking
ical analyses and in-vitro pharma- niruri, P urinaria and P debilis among a stake in Sprint or acquiring it
cological studies, he said, suggest the common varieties found in Ma- outright. Comcast boss Brian
that kesum leaves have antibacterial, laysia and other Asian countries.) It Roberts knocked down the idea
antifungal, antioxidant, antiviral and has liver protective effects and has last week. Charter also kicked
cytoprotective properties. And the been used in patients with hepatitis it to the curb, at least in terms
leaves are known to contain an array to normalise liver enzymes and liv- of acquiring Sprint.
of antioxidant compounds. er health. It is also known to protect Dial two for T-Mobile US.
In addition to meeting up with against alcohol toxification alco- Sprint tried to acquire the No
traditional healer Datin Sharifah An- Faculty of Medicine, University of holic steatosis (reversible) and alco- 3 wireless carrier in 2014, but
isah Syed Agil Barakbah, the founder Malaya, the researchers have shown holic steatohepatitis, both steps in the the US$32 billion deal hit reg-
of Nona Roguy, who observes that that Tongkat Ali has the ability to re- path towards alcoholic liver disease. ulatory opposition. With a new
the herb has been traditionally con- duce the replication of four different administration, the two could
sumed as food for health and beau- serotypes of the dengue virus. This Making it to the market test the antitrust waters again,
ty, Kilham also spoke to staff of the finding is novel and is currently be- As herbs and medicinal plants pro- though T-Mobile US is now
Forest Research Institute Malaysia ing patented for antiviral properties. vide many different compounds in a much stronger position.
(FRIM), who shared the latest devel- While these are some of the lat- that may be affected by climate, soil Its CEO John Legeres aggres-
opments on kesum. He understands est findings on Tongkat Ali, earlier conditions and time taken to reach sive marketing has helped the
that FRIM is developing two kes- research has shown it to be effective maturity, this needs to be taken into US$50 billion carrier add sub-
um-based health product concepts in increasing energy and improving consideration when developing nat- scribers while reducing churn.
one is a seasoning comprising a mood, especially in stressed sub- ural products, so that they consist- Legere has said hes open to
mixture of dried kesum leaves and jects, and also in increasing phys- ently contain the active compounds deals, but hes also in no rush.
sea salt, while the other is an anti- ical strength and the quality of life in other words, it must be ensured Dial three for something
oxidant digestive beverage. in ageing populations, proving that that they are standardised when sold else involving Masayoshi Son,
this plant is one to be reckoned with. as supplements. the tycoon whose SoftBank
A dierent take on Tongkat Ali Many of these herbs are already Group Corp owns nearly 84%
Another Malaysian plant Kilham is Other commonly used herbs commercially available as supple- of Sprint. He has considered
familiar with is Tongkat Ali (Euryco- In 2010, scientist Dr Jay Udani of ments, including Tongkat Ali, Kacip buying Charter, according to
ma longifolia), which he has worked Medicus Research LLC in the US Fatimah, misai kucing, kesum and Reuters. But the logic is shaky.
on for more than 10 years. His inclu- conducted a clinical study on the dukung anak. The value of sales of SoftBank carries about US$135
sion of Tongkat Ali in his list of Top improvement of memory using a herbal and traditional dietary sup- billion of debt. It would have
10 Hot Plants for vitality, along with combination of seven herbs found plements in Malaysia grew from to take on Charters more than
herbs like ginseng and maca, has in Malaysia, namely sireh (Piper be- RM424.2 million in 2010 to RM532.7 US$60 billion of borrowings,
contributed to its popularity in the tle), turmeric (Curcuma longa), pe- million in 2015 (Euromonitor, 2015). plus another big slug of US$60
US and spurred international curi- gaga (Centella asiatica), curry leaf This compares with RM451.5 million billion to US$80 billion, to pay
osity. An apparent result of this is a (Murraya koenigii), selasih (Ocimum in 2010 to RM622.5 million in 2015 half the cost of Charters equity
long list of clinical studies that has basilicum), kesum and ulam raja for non-herbal and non-traditional US$100 billion plus a pre-
proved the roots efficacy in boost- (Cosmos caudatus). A significant im- dietary supplements (which include mium reckoned MoffettNa-
ing not only energy and strength, provement in executive functioning, fish oils, minerals and protein sup- thanson LLC. That would make
but also immunity. Today, interest in cognitive flexibility, reaction time plements), and RM315.4 million to SoftBank the most indebted
Tongkat Ali has moved well beyond and working memory in as little as RM423.7 million for vitamins. non-financial company ever
its aphrodisiac effects. four hours after ingestion was ob- The latest trends are seeing a shift seen, the research firm said.
Malaysians are subject to many served when subjects consumed this of consumer preference to natural Son could also buy out
viral-borne diseases, and the most combination product. The herbs in therapy for health and wellness with the rest of Sprint, perhaps as
alarming one at the moment is den- the combination have neurostim- a high degree of convenience. With a prelude to something else.
gue. It causes morbidity and mortal- ulatory as well as blood circulation the proven benefits of its local herbs, The problem is that every time
ity, and while medication is limited, and memory-enhancing properties, Malaysia has much to offer the world someone punches a deal op-
a robust immune system protects which lead to an improvement in a in this market segment. tion key, Sprint shares soar.
the body from succumbing totally broad spectrum of cognition. Perhaps Kilham put it best when They are up 45% in the past
to the disease. A study on stressed Another herb commonly used is talking about the benefits of kesum year, even though the company
but healthy subjects, conducted by misai kucing (Orthosiphon stami- in a February segment of Fox News is struggling to compete. Claure
Japans Orthomedico Inc, demon- neus), also known as Java tea. It is Health Talk: What has been kitch- did finally manage to report a
strated naive T-cell and lymphocyte taken as a decoction that is able to en medicine ... is also transitioning, profit for the second quarter.
increments with Tongkat Ali supple- rid one of kidney stones and has been thanks to pharmaceutical technol- But Sprint is trading at well over
mentation, thus enabling the warding clinically tested to reduce high blood ogy, into forms that, if you are not 100 times Wall Streets slim es-
off of new diseases in stressed popu- pressure. Recently, it has also been eating Southeast Asian food, you can timated earnings for the year
lations typically prone to infections. shown to help improve memory in also enjoy as a supplement. to March 2019. There may be a
In a separate study conducted rats by targeting the receptors typi- conversation thats worth hav-
by the Tropical Infectious Diseases cally stimulated by caffeine. Hence, Annie George is the head of science ing, but the obvious acquirers
Research and Education Centre, De- the findings suggest that the con- and research at Biotropics Malay- for Sprint may well keep the
partment of Medical Microbiology, sumption of this tea may promote sia Bhd. company on hold. Reuters
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
WEEKEND
by numbers
Your quick guide to rest and relaxation. By Shalini Yeap
3 foodie favourites
Swap the usual afternoon tea for craft cocktails at
Coppersmiths hi-tea offerings. Priced at RM198++
per person, this perfect weekend wind-down is
available between 3pm and 6pm at the sleek bar at
Troika Sky Dining. The decadent menu includes food
such as scallop tartare, the option of abalone risotto
or wagyu croquette and a dessert tray, all coupled
with artisanal cocktails. Coppersmith, located at
Level 23a of The Troika, 19 Persiaran KLCC, Kuala
Lumpur, serves innovative cocktails using craft spirits
and house-made syrups. For more information or to
place a reservation, log on to www.facebook.com/
coppersmithattroikaskydining or call (03) 2162 0886.
4.08.17 to 6.08.17
Agak Agak located in the hip APW Bangsar has a new
menu this month, giving patrons another reason to
pay a visit. The new lunch menu includes an array of
sandwiches, mains like kacang pol and duck rice, not
to forget plenty desserts like limau nipis bundt cake,
earl grey milk tea cake and pulut hitam cheese tart.
For lunch, there is the signature chili pat mee, braised
beef brisket and tortellini masak lemak, and a range of
desserts such as bunga kantan friands and ice cream
garam. Agak Agak is located at Art Printing Works,
Jalan Riong, Bangsar, Kuala Lumpur. Visit www.face-
book.com/pg/agakagakcommunity or call (03) 2788
3590 for more details.
Early risers can enjoy a leisurely dim sum brunch at
Sheraton Imperial Kuala Lumpur, which starts at 10am
and runs until 3pm throughout the weekend. Make
your way to the hotels Celestial Court restaurant and
enjoy its Imperial Dim Sum Brunch that offers a wide
selection of the best of the Cantonese tradition. The
brunch promo starts from RM158 nett per person and
RM69 nett for kids (nine to 12 years old). Sheraton
Imperial Kuala Lumpur is located along Jalan Sultan
Ismail, Kuala Lumpur. Log on to www.starwoodhotels.
com or call (03) 2717 9988 for reservations and more.
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
2 Merdeka-
themed events
Twenty-five-year-old visual artists Mawar Artworks and
Fay Ulrica are working together for a weekend of art, live
music and poetry showcasing at a weekend-long event
called Dem Malaysian Vibes. From the best of East and West
Malaysia, their work and installations aim to highlight and
remind viewers of the little details that are not often cited
but make Malaysia truly Asia. Admission is free and the
gallery opens for viewing from 3pm onwards at the Minut
Init art social, 29A & B Jalan SS21/37, Uptown Damansara
Utama. Log on to www.facebook.com/MawarArtworks for
the full schedule of all the performances.
Kick-start the celebration for the month of Merdeka with
an all local-focused edition of the Sunny Side Up Mar-
ket. Come support local, buy local, wear local and eat
local delights at the market that will be featuring more
than 35 home-grown local businesses and brands born
and bred in Malaysia. Market-goers can look forward to
originally designed silk screen prints by Bingka, bold and
funky jewellery by Medea Treasures, as well as curated
batik pieces from Malaysia and Indonesia by Batika by
Hudaa. The Sunny Side Up Market: Merdeka Edition
will take place from 11am to 6pm, today to Sunday at
Slate at The Row, 46-48 Jalan Doraisamy, Kuala Lum-
pur. Visit www.facebook.com/sunnysideupmarket or
call (012) 365 6856 for more information.

FRIDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY
1 fun-filled convention
Visit the mega entertainment convention, History
Con Malaysia, from today to Sunday. Get up-close
with celebrities from popular shows where you can
catch exclusive cooking demonstrations by Mas-
terChef Australia judge Matt Preston, learn to air-
brush cars with Mike Henry from Counting Cars,
classic car displays and immersive virtual reality
experiences. Local attractions include fascinating
exhibits from the National Museum, POS Malaysias
personalised Setemku activity and rally car legend
1 show to catch
1 reservation to
pen down
Dorsett Grand Subang has teamed up with
World Chefs Without Borders (WCWB) for a
charity dinner themed An Evening of Silvery
Glam with World Chefs in aid of Selangor
Cheshire Home (SCH) a non-profit or-
ganisation dedicated to creating opportuni-
ties for individuals with disabilities towards
an independent life. The result? A specially
curated five-course dinner menu which in-
cludes smoked salmon of sphere filled in
crab meat, lobster bisque with cream ac-
companied by baked lobster cake and the
option of pan seared beef fillet and braised
beef tongue, and cheek or sous vide free
range organic chicken with turkey. In line
with the hotels corporate social responsibil-
ity, six youths from SCH who are currently
attached to the hotels culinary department
will be assisting fellow world chefs in the
preparation of the dinner. Dorsett Grand
Subang is the first hotel in Malaysia to pro-
vide a three-month on-the-job training for
the disabled to enhance their employment
opportunities. To date, the hotel has trained
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Karamjit Singh who chooses daring audience mem-
bers to ride as his passengers in a rally car stunt
show. There will also be a History Maker Awards
that honours 10 Malaysians who have made signif-
icant contributions to the country. Tickets priced
at RM20 can be purchased via www.airasiaredtix.
com. The convention will take place from 10am to
9pm at Malaysia Agro Exposition Park Serdang,
Persiaran Mardi UPM Serdang. Log on to www.
historyasia.com for more information.
Irish comedian and radio presenter Cormac Moore
will take the stage at Crackhouse Comedy Club Kua-
la Lumpur, in a show featuring Rizal VG. Moore is an
entertaining, witty and captivating storyteller who
has a natural ability to engage with his audience.
His sharp observational style and excellent crowd
work mean that no two gigs are ever the same and
has broken Irish radio records by broadcasting for
27 hours straight. Tickets for the 9pm show today
and tomorrow priced at RM30, RM40 and RM160
(table of five) can be purchased via www.peatix.
com. Crackhouse Comedy Club Kuala Lumpur,
is situated on the 1st floor of 24A Lorong Rahim
Kajai 14 Taman Tun Dr Ismail, Kuala Lumpur. Log
on to www.facebook.com/crackhousecomedy or
call (017) 260 3654.
1 book to pick up
223 youths, out of which 67% are employed.
Priced at RM288 nett per person and RM498
nett per couple, the event will take place
at Jalan SS 12/1 SS 12, Petaling Jaya. Visit
www.dorsetthotels.com/malaysia/subang
or call Stephanie Hendroff at (03) 5033 7477
or Noriah Ali at (03) 5033 7479 for reserva-
tions and more.
live it! 23
1festival for
model car
enthusiasts
The first-ever MiniCar Festival Powered by Tarmac Works will be
in town tomorrow. Among the model car pieces that will go on
sale are the HOBBY64 1/64 Mitsubishi Lancer Evo X JUN edition,
HOBBY64 1/64 Mitsubishi Lancer Evo X Final Concept 2017 Hong
Kong Toy Festival special edition and HOBBY64 1/64 Audi R8 LMS
2015 Macau GP 2017 Hong Kong Toy Festival special edition. Rare
and special-edition models will go on auction whereby all proceeds
from which will go to a charity organisation that benefits children
in Malaysia. There will also vendors selling Tarmac Works, Tomi-
ca, Kyosho model cars. The festival will take place at Ilham Tower,
No 8 Jalan Binjai, Kuala Lumpur, and admission is free. Log on to
www.facebook.com/tarmacworks for more details.
A deeply moving memoir with its share of hu-
mour and vividly colourful figures, Hillbilly Elegy
is the story of how upward mobility really feels.
JD Vance tells the true story of what a social,
regional and class decline feels like when you
were born with it hung around your neck. The
Vance family story begins hopefully in post-war
America where Vance grandparents were dirt
poor and in love, and moved north from to Ohio
in the hopes of escaping the dreadful poverty
around them, raising a middle-class family and
eventually their grandchild (the author) would
graduate from Yale Law School, a conventional
marker of their success in achieving genera-
tional upward mobility. But as the family saga
of Hillbilly Elegy plays out, we learn that this
is only the short, superficial version. Vances
grandparents, aunt, uncle, sister and, most of
all, his mother, struggled profoundly with the
demands of their new middle-class life, and were
never able to fully escape the legacy of abuse,
alcoholism, poverty and trauma so character-
istic of their part of America. Vance piercingly
shows how he himself still carries around the
demons of their chaotic family history. Hillbilly
Elegy is available on malaysia.kinokuniya.com.
2 4 S P O RT S
Ferrero helps Zverev run
up the rankings
He jumps to a career-high eighth in ATP world rankings as a result
BY JI M S L ATER
WASHINGTON: Alexander Zverev
turned to former world No 1 Juan
Carlos Ferrero for some advice
and the 20-year-old German has
jumped to a career-high eighth in
the ATP world rankings.
Zverev reached his best ranking
this week after titles earlier this year
at Rome, Munich and Montpelier,
and comes into the pre-US Open
Sharapova withdraws
from Stanford with
left arm injury
SAN FRANCISCO: Five-time Grand
Slam champion Maria Sharapova
withdrew from the WTA Bank of
the West Classic just before her
scheduled second-round match on
Wednesday with a left arm injury,
tournament officials announced.
Sharapova played her first US
match in more than two years on
Monday, defeating American Jen-
nifer Brady 6-1, 4-6, 6-0 in an open-
ing-round match at the hard court
event in Stanford, California.
I feel like I just want to hug
everyone and say thank you,
Sharapova told fans in a post-
match interview. Its my first
match in the States in a really long
time, and its the closest thing to
home for me.
The former world No 1 from
Russia hadnt played in the US
since March of 2015, before serv-
ing a 15-month doping suspension
for the use of meldonium.
Seventh-seeded Ukrainian Le-
sia Tsurenko advanced by walko-
ver as a result of wild card entrant
Sharapovas early exit.
Canadas De Grasse to miss IAAF World
Championships with torn hamstring
OTTAWA: Canadian sprinter Andre
De Grasse suffered a torn hamstring
in training and will not compete at
the IAAF World Championships
in London, Athletics Canada an-
nounced on Wednesday.
The 22-year-old from suburban
Toronto, who took silver in the 200m
and bronze in the 100m at last years
Rio Olympics, was expected to chal-
lenge Usain Bolt for gold in London,
where the meet begins today.
To not have this opportunity is
unimaginable to me, but it is the
reality I am faced with. I am sad to
miss this chance, but I am young
hard court campaign confident of
bigger things to come.
It was an easy decision to
bring him in. He was a Grand
Slam champion and world No 1,
Zverev said. To have him at the
big tournaments is something
special for me, for the mentality
above all.
Ferrero, the 2003 French Open
champion who topped the rank-
ings for eight weeks in September
I feel like Im playing
catch-up against
everyone who has had
a head start.
The latest injury brings into
question whether or not Shara-
pova will be fit in time for the US
Open, which starts on Aug 28, as
well as for another key tune-up
event in Cincinnati in two weeks
for which Sharapova has also ac-
cepted a wild card.
Sharapova, 30, returned to com-
petition in April, but her comeback
was disrupted by a hip injury that
forced her to withdraw from Wim-
bledon qualifying.
I feel like Im playing catch-up
against everyone who has had a
head start, Sharapova said after
her Monday match. All that mat-
ters is that I keep playing.
Sharapovas ranking has fallen
to 171 in the world. AFP
and will be back and better than ever
in the near future, said De Grasse.
De Grasse took bronze at the 2015
IAAF Worlds in Beijing in the 100m
and as part of the 4x100m relay,
which also took Rio Olympic bronze.
I really feel for Andre, said Ath-
letics Canada coach Glenroy Gilbert.
As a team, the focus doesnt
change. We need to be ready to
compete starting Friday (today). We
have been talking about the depth
of the programme. Now is a chance
for some of our other stars to shine,
and have some of our up and com-
ing athletes step up. AFP
and October 2003, began guiding
Zverev in hard court workouts the
past two weeks in Tampa, Florida,
in a deal that runs through the end
of the year.
Zverev is a different player. He
has the manner of a champion,
Ferrero said in an ATP website post-
ing. Its a challenge Im keen to attitude on the court sometimes
take on and do the best job I can.
The 37-year-old Spaniard runs
his own academy and had not
Neymar set to jet in for world
record move
PARIS: Neymar was due to ar-
rive in Paris yesterday to finalise
his world record 222 million
(RM1.11 billion) move from Bar-
celona to Paris Saint-Germain
(PSG), which will earn him
around 30 million a year.
The summers longest-running
transfer saga, which this week saw
the 25-year-old tracked from the
US to China to the Middle East,
back to Barcelona to say good-
bye before a swift detour to Por-
to where he was thought to have
undergone a medical, will end
in the French capital with new
teammates already queuing up
to welcome him.
Argentine midfielder Javier Pa-
store was already set to surrender
his symbolic number 10 shirt to
his fellow South American at the
Parc des Princes, where Neymar
could be unveiled to fans tomorrow
evening when PSG open their new
Ligue 1 season against Amiens.
Neymar faces the challenge
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
planned on working with a player
until Zverev came along.
They have been talking almost
daily since then. He surprised me
with how strong he is, Ferrero said.
I think hes ready to grow up a little
bit and improve the things he has
to improve. Its a good start. His
is up and down. Hes young and
he has to control his emotions on
the court. AFP
of stepping out of the shadow of
five-time World Player of the Year
Lionel Messi to try and prove him-
self as the worlds best.
Winning the Champions
League for a first time is the dream
driving PSGs owners Oryx Qatar
Sports Investments to fund a deal
that could herald the start of a new
era at the elite level of European
football.
Prising Neymar from the grip
of Barca would truly announce
PSGs presence as a contender
for the likes of Barca, Real Madrid
and Bayern Munich to fear.
Neymar has formed one of the
deadliest strike partnerships in
football history with Messi and
Luis Suarez over the past three
seasons.
Together, they have won two La
Liga titles, a Champions League
and three Spanish Cups, while
Neymar has scored 105 goals
and provided 80 assists in just
186 games. AFP
IN BRIEF
McIlroy hopes caddie
split brings positive
results
LOS ANGELES: A slumping
Rory McIlroy regrets having to
part ways with long-time caddie
J P Fitzgerald, but said it was the
best option as he fights to revive
his struggling golf game. McIlroy
earlier this week axed Fitzgerald,
who had been with him for nine
seasons and all four of his major
championships, the most recent
at the PGA Championship three
years ago. I still consider J P one
of my best friends, one of my
closest friends, but sometimes
to preserve a personal relation-
ship, you might have to sacri-
fice a professional one and that
was what I decided in the end,
McIlroy said on Wednesday as
he prepares for the World Golf
Championships-Bridgestone
Invitational. AFP
Marquez eyes Czech
podium as tight MotoGP
resumes
BRNO (Czech Republic): Over-
all leader Marc Marquez said
he would be happy with a po-
dium finish when the MotoGP
championship resumes after the
summer break at Brno on Sun-
day, with standings unusually
tight at the top. Marquez, the
Spanish Honda rider who won
the German GP before the sum-
mer break, tops the rankings on
129 points, five ahead of fellow
Spaniard Maverick Vinales on a
Yamaha. Italys Andrea Dovizio-
so on a Ducati is third on 123
points, ahead of compatriot and
the sports legend Valentino Ros-
si on a Yamaha with 119. AFP
Ex-All Black captain John
Graham dead at 82
WELLINGTON: Former All
Blacks captain John Graham,
perhaps best known for his
strong opposition to apartheid,
has died at the age of 82, offi-
cials said yesterday. Auckland
Grammar School, where Gra-
ham had a distinguished career
in education after retiring as a
player, said he died peaceful-
ly late on Wednesday after a
life well lived. Graham played
for the All Blacks 53 times from
1958 to 1964, including 22 Tests,
captaining the side 10 times.
He also served as president of
New Zealand Rugby from 2005
to 2006, and managed the na-
tional cricket team, the Black
Caps, from 1997 to 1999. AFP
France delighted at
Neymar tax windfall
PARIS: French Budget Minis-
ter Gerald Darmanin yesterday
said he would be delighted at
the prospect of Neymar paying
tax in France after his expected
record-busting transfer to Paris
Saint-Germain. If in fact Ney-
mar does come to a French club,
the budget minister will be de-
lighted at the tax that he will be
able to pay in France, Darma-
nin said on France Inter radio.
When you are a minister, your
duty is to defend the interests of
the state, and the interests of the
state are that people pay their
tax in France. AFP
FRIDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.023 0.561 0.780 0.770 7609 AJIYA 0.770 -0.005 470.6 0.773 11.13 2.60 234.5
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.090 5.2
2.099 0.651 1.710 1.680 2674 ALCOM 1.700 0.010 784.7 1.696 19.36 12.06 228.4
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.755 0.720 4758 ANCOM 0.725 -0.020 4017.8 0.737 19.49 158.7
3.550 1.251 3.040 2.990 6556 ANNJOO 3.000 UNCH 543.8 3.002 6.38 3.00 1,595.4
KLSE COMPOSITE 1,771.90 1.29 0.07 TECHNOLOGY 37.69 0.12 0.32 0.551 0.100 0.105 0.100 9342 ANZO 0.105 0.005 3075.7 0.101 84.4
KLSE INDUSTRIAL 3,260.15 -15.40 -0.47 FTSE BURSA 100 12,253.18 -0.64 -0.01 1.100 0.825 1.030 1.030 5568 APB 1.030 -0.020 0.6 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 628.87 -0.43 -0.07 FTSE BURSA MID 70 14,950.60 -36.69 -0.24 4.147 3.220 3.850 3.800 5015 APM 3.840 0.040 598.8 3.841 15.08 3.91 774.1
1.240 0.735 1.100 1.060 7214 ARANK 1.070 0.010 158.8 1.075 7.24 2.80 128.4
INDUSTRIAL PRODUCT 155.55 -0.32 -0.21 FTSE BURSA SMALL CAP 17,209.88 -18.49 -0.11 1.290 0.671 1.170 1.140 7162 ASTINO 1.150 UNCH 884.9 1.147 8.32 0.87 315.2
CONSTRUCTION 335.18 -1.40 -0.42 FTSE BURSA FLEDGLING 19,084.20 -46.91 -0.25 1.480 0.384 1.060 1.040 7099 ATTA 1.040 UNCH 355.8 1.046 4.08 7.51 119.1
TRADE & SERVICES 230.98 0.07 0.03 FTSE BURSA EMAS 12,605.15 -1.51 -0.01 1.140 0.290 0.290 0.290 7181 ATURMJU 0.290 UNCH 17 0.290 17.7
2.550 1.452 2.200 2.200 8133 BHIC 2.200 UNCH 11 2.200 5.49 1.36 546.6
KLSE FINANCIAL 16,778.25 -15.47 -0.09 FTSE BUR MSIA ACE 6,524.88 62.35 0.96 0.570 0.390 7005 BIG 0.435 20.9
KLSE PROPERTY 1,253.02 0.53 0.04 FTSE BUR EMAS SHARIAH 12,739.34 -3.07 -0.02 0.580 0.095 0.545 0.525 7187 BKOON 0.525 -0.010 1714.1 0.533 145.3
KLSE PLANTATION 7,849.94 10.65 0.14 FTSE BUR HIJRAH SHARIAH 13,962.65 -5.70 -0.04 1.110 0.755 0.900 0.895 168 BOILERM 0.895 -0.005 62 0.900 20.02 1.68 461.8
2.425 1.610 1.610 1.610 6297 BOXPAK 1.610 -0.040 2.8 1.610 193.3
KLSE MINING 514.71 Unch Unch FTSE/ASEAN 40 10,428.74 -32.67 -0.31 1.600 1.293 1.390 1.380 5100 BPPLAS 1.380 UNCH 36 1.382 16.49 5.80 259.0
0.400 0.300 0.315 0.315 9938 BRIGHT 0.315 UNCH 101.2 0.315 51.7
0.675 0.210 0.575 0.550 7221 BSLCORP 0.555 -0.015 875.6 0.559 7.39 54.4
0.365 0.205 0.250 0.245 7188 BTM 0.245 UNCH 115 0.246 55.68 30.7
3.785 3.182 3.420 3.350 5105 CANONE 3.370 0.010 134.1 3.375 7.15 1.19 647.6
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.168 1.883 2.030

1.810 0.782 1.750
1.800 1.450
2.010
1.550

7076
2879
8435
CBIP
CCM
CEPCO
2.030
1.570
1.750
UNCH 85.1
-0.120 1733.6

2.016
1.600

9.12
58.58

2.96
3.18

1,092.6
718.5
78.4
1.210 1.020 1.210 1.180 8044 CFM 1.210 0.010 13 1.206 49.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.930 1.376 1.930 1.890 5007 CHINWEL 1.910 -0.020 226.3 1.912 9.96 4.19 572.1
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.400 1.344 2.020 1.990 5797 CHOOBEE 2.020 0.010 124 2.005 6.59 2.97 222.0
CONSUMER PRODUCTS 1.150 0.700 8052 CICB 1.110 28.24 55.5
0.795 0.495 0.545 0.495 7120 ACOSTEC 0.515 UNCH 513.9 0.504 643.75 4.85 91.6 0.075 0.050 0.055 0.050 7018 CME 0.050 UNCH 122.6 0.050 24.3
4.887 3.595 4.720 4.700 7090 AHEALTH 4.720 0.020 13.7 4.713 15.69 2.44 552.9 4.628 3.476 4.010 3.980 2852 CMSB 4.000 -0.010 241.4 3.995 22.51 1.58 4,297.5
26.200 12.677 26.040 25.420 2658 AJI 25.500 -0.540 91.4 25.880 8.27 1.65 1,550.4 0.540 0.200 7986 CNASIA 0.400 0.79 18.2
0.380 0.210 7051 AMTEK 0.300 15.0 1.559 1.241 1.320 1.310 5071 COASTAL 1.310 -0.010 138.1 1.312 14.95 1.53 696.4
6.007 4.970 5.180 5.080 6432 APOLLO 5.180 0.040 87.9 5.093 23.23 4.83 414.4 1.150 0.665 0.855 0.845 7195 COMCORP 0.855 0.010 363.6 0.855 8.06 119.7
1.110 0.800 0.900 0.830 7722 ASIABRN 0.900 0.020 9.4 0.875 71.2 0.985 0.620 0.970 0.945 2127 COMFORT 0.955 -0.010 5671.1 0.956 10.98 533.6
3.951 3.140 3.330 3.280 7129 ASIAFLE 3.330 0.030 25.8 3.290 11.45 4.80 648.5 2.156 1.255 1.730 1.690 5094 CSCSTEL 1.720 -0.010 525.9 1.700 9.23 5.81 653.6
49.788 39.606 44.900 44.820 4162 BAT 44.880 0.080 347.5 44.878 16.78 4.79 12,814.6 0.015 0.005 22 CYBERT 0.005 0.5
0.120 0.035 0.080 0.075 7243 BIOOSMO 0.080 UNCH 602 0.079 63.6 0.829 0.685 0.690 0.685 7157 CYL 0.685 -0.005 46.4 0.690 54.37 5.84 68.5
0.740 0.540 0.570 0.550 9288 BONIA 0.560 UNCH 2503.2 0.555 16.09 2.23 451.5 0.405 0.280 0.315 0.315 5082 CYMAO 0.315 UNCH 4 0.315 23.6
0.992 0.483 0.980 0.945 7174 CAB 0.955 -0.020 1368.1 0.959 12.63 0.34 583.2 2.380 1.692 2.200 2.170 8125 DAIBOCI 2.200 UNCH 30.7 2.197 30.22 2.00 721.4
0.549 0.460 0.480 0.460 7154 CAELY 0.475 0.005 131 0.476 6.99 2.11 38.0 1.510 0.315 1.250 1.240 8176 DENKO 1.240 UNCH 51.1 1.247 129.5
0.340 0.260 0.285 0.285 7128 CAMRES 0.285 -0.005 32.3 0.285 28.79 3.51 56.1 0.330 0.220 0.285 0.285 7114 DNONCE 0.285 UNCH 297.4 0.285 51.9
15.200 13.107 15.000 14.900 2836 CARLSBG 15.000 UNCH 13.8 14.994 21.90 4.80 4,621.2 0.435 0.270 0.275 0.275 5835 DOLMITE 0.275 UNCH 29.5 0.275 125.00 75.2
1.028 0.519 1.000 0.945 7035 CCK 0.975 0.030 14362.1 0.978 12.97 2.05 307.5 0.430 0.250 5835PA DOLMITE-PA 0.270 3.1
2.388 1.867 2.140 2.100 7148 CCMDBIO 2.110 UNCH 72.8 2.112 20.61 3.08 588.6 0.545 0.155 0.255 0.240 5265 DOLPHIN 0.240 -0.005 4292.1 0.247 53.3
2.700 2.250 2.400 2.400 2828 CIHLDG 2.400 -0.020 28 2.400 15.97 2.08 388.8 1.310 1.046 7169 DOMINAN 1.260 9.06 3.97 208.0
0.050 0.020 0.030 0.030 5188 CNOUHUA 0.030 UNCH 230.3 0.030 20.0 1.860 0.907 1.670 1.630 1619 DRBHCOM 1.670 UNCH 4735.9 1.652 0.60 3,228.5
3.200 1.745 3.170 3.100 7205 COCOLND 3.150 0.050 241 3.124 16.04 4.92 720.7 1.606 0.540 1.390 1.360 7233 DUFU 1.360 UNCH 920 1.365 8.21 3.31 238.6
1.960 1.462 1.840 1.820 7202 CSCENIC 1.820 -0.020 15 1.827 17.15 6.04 219.3 0.985 0.795 0.820 0.805 8907 EG 0.820 0.010 901.5 0.815 7.66 173.5
0.095 0.055 0.060 0.055 5214 CSL 0.055 -0.005 663.5 0.055 6.96 68.4 1.100 0.860 0.950 0.925 9016 EKSONS 0.950 UNCH 31 0.941 156.0
0.810 0.685 0.700 0.685 9423 CWG 0.685 -0.005 22 0.686 3.79 5.11 57.7 0.927 0.510 0.745 0.745 7217 EMETALL 0.745 UNCH 217.5 0.745 17.09 3.36 127.5
0.060 0.025 0.030 0.025 7179 DBE 0.030 UNCH 305.8 0.028 100.00 41.4 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 0.400 0.390 190 ESAFE 0.390 UNCH 335.5 0.394 11.96 93.8
62.795 52.364 59.200 58.860 3026 DLADY 59.200 -0.080 5.6 58.999 25.76 1.69 3,788.8 1.115 0.719 0.900 0.860 5101 EVERGRN 0.895 0.030 7145.4 0.888 12.03 2.23 757.5
0.115 0.070 0.090 0.085 7198 DPS 0.090 UNCH 56 0.087 900.00 52.9 0.912 0.580 0.620 0.600 7249 EWEIN 0.600 -0.010 201.3 0.604 13.54 0.83 181.0
0.105 0.020 0.075 0.075 7182 EKA 0.075 UNCH 110 0.075 23.4 1.380 1.011 2984 FACBIND 1.300 11.59 1.92 110.7
0.360 0.140 0.250 0.245 9091 EMICO 0.245 0.005 215.4 0.245 14.58 23.5 3.020 2.270 2.890 2.850 7229 FAVCO 2.890 -0.010 610.3 2.875 8.40 5.19 639.9
1.967 1.372 7149 ENGKAH 1.520 44.31 3.95 107.6 0.800 0.495 0.615 0.600 149 FIBON 0.600 -0.020 965.3 0.605 13.67 2.08 58.8
0.270 0.195 0.200 0.195 7208 EURO 0.200 UNCH 10.1 0.195 25.97 48.6 2.410 2.020 2.390 2.390 3107 FIMACOR 2.390 UNCH 82.3 2.390 15.29 5.23 586.2
0.800 0.630 0.760 0.760 7094 EUROSP 0.760 UNCH 5 0.760 33.8 1.870 1.368 1.870 1.770 5197 FLBHD 1.860 0.100 4764.9 1.822 8.68 8.06 192.0
26.000 21.887 24.840 24.780 3689 F&N 24.820 0.040 1145.6 24.817 24.08 2.32 9,103.4 1.420 1.330 3611 GBH 1.340 154.02 250.0
1.205 0.815 2755 FCW 1.000 82.64 1.50 250.0 2.470 1.450 2.210 2.170 7197 GESHEN 2.170 -0.020 61.6 2.187 10.21 173.6
0.875 0.620 0.685 0.665 8605 FFHB 0.665 -0.015 5.1 0.685 11.18 1.50 72.5 0.085 0.040 0.065 0.055 5220 GLOTEC 0.055 UNCH 119976.2 0.057 296.0
1.220 0.655 1.220 1.150 9172 FPI 1.190 0.030 1868.5 1.184 13.58 5.04 294.4 0.735 0.220 0.240 0.240 7192 GOODWAY 0.240 -0.005 102.6 0.240 26.5
2.070 0.850 7184 G3 1.790 246.1 0.135 0.085 0.095 0.095 7096 GPA 0.095 -0.005 190.5 0.095 11.73 93.1
1.620 0.858 1.600 1.540 5102 GCB 1.580 0.040 1045.9 1.581 21.82 0.95 758.7 0.425 0.255 0.300 0.300 5649 GPHAROS 0.300 UNCH 13 0.300 40.4
2.999 2.334 2.780 2.780 5606 GOLDIS 2.780 -0.010 1.9 2.780 8.16 0.72 1,699.7 0.245 0.195 0.205 0.195 136 GREENYB 0.205 UNCH 148 0.203 39.42 2.93 68.4
0.110 0.030 5187 HBGLOB 0.050 23.4 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 160 0.105 55.4
19.100 15.038 18.220 18.100 3255 HEIM 18.120 UNCH 98.2 18.175 20.12 6.35 5,474.0 1.050 0.749 0.935 0.935 3247 GUH 0.935 UNCH 15.4 0.935 13.22 3.74 259.8
10.600 8.426 10.300 9.990 3301 HLIND 10.000 -0.240 288.3 10.100 11.13 3.50 3,279.0 1.180 0.235 0.860 0.855 5151 HALEX 0.855 -0.005 337.2 0.858 90.6
1.019 0.831 0.975 0.955 5160 HOMERIZ 0.975 0.010 439.2 0.969 10.26 2.05 292.5 7.400 3.996 7.020 6.970 5168 HARTA 6.970 -0.030 845.5 7.000 40.45 1.15 11,466.3
0.405 0.240 0.335 0.325 7213 HOVID 0.335 0.005 1279.6 0.330 24.45 2.99 275.0 1.320 0.935 1.020 0.950 7105 HCK 0.995 -0.035 186.8 0.967 452.27 419.1
1.280 1.113 1.210 1.210 5024 HUPSENG 1.210 UNCH 28 1.210 20.44 3.31 968.0 8.310 1.990 8.050 7.700 4324 HENGYUAN 7.780 -0.020 1548.8 7.833 4.55 2,334.0
0.630 0.450 0.475 0.475 8478 HWATAI 0.475 UNCH 88.5 0.475 169.64 35.5 1.780 0.983 1.780 1.660 5095 HEVEA 1.740 0.070 14828.2 1.732 9.80 4.08 940.7
4.880 1.865 4.840 4.740 5107 IQGROUP 4.840 0.080 72.5 4.806 14.85 2.27 426.1 1.200 0.825 0.980 0.970 3298 HEXZA 0.980 UNCH 135.8 0.975 7.13 4.59 196.4
1.500 0.919 1.500 1.410 7152 JAYCORP 1.500 0.080 1610.2 1.477 9.15 3.33 205.9 0.410 0.240 0.380 0.370 5072 HIAPTEK 0.375 -0.005 6410.8 0.376 12.63 0.80 491.1
0.740 0.505 0.580 0.565 8931 JERASIA 0.580 -0.005 5.6 0.572 8.24 47.6 0.560 0.180 0.410 0.405 5199 HIBISCS 0.405 -0.005 2489.2 0.409 4.63 584.8
2.618 1.510 1.610 1.550 5247 KAREX 1.580 -0.020 2000.8 1.565 42.59 1.27 1,583.8 1.276 0.840 1.020 1.020 7033 HIGHTEC 1.020 -0.010 5 1.020 6.91 3.43 41.4
5.070 3.153 4.900 4.850 7216 KAWAN 4.850 -0.050 48 4.881 35.25 0.52 1,307.8 1.226 0.687 1.020 1.020 8443 HIL 1.020 UNCH 5 1.020 17.32 1.47 284.3
0.260 0.040 0.150 0.150 8303 KFM 0.150 UNCH 53 0.150 10.2 0.405 0.270 5165 HOKHENG 0.350 35.35 28.0
0.920 0.716 0.765 0.750 6203 KHEESAN 0.750 -0.005 93.3 0.753 16.06 1.33 78.0 0.055 0.020 0.035 0.030 2739 HUAAN 0.035 UNCH 27.4 0.033 39.3
2.700 1.923 2.240 2.200 7062 KHIND 2.200 -0.040 5.3 2.209 10.91 4.55 88.1 3.385 2.130 2.250 2.240 5000 HUMEIND 2.250 UNCH 5.6 2.240 42.21 0.89 1,078.0
2.210 0.995 1.990 1.980 2 KOTRA 1.980 -0.020 7 1.983 19.68 1.01 264.1 0.075 0.045 0.050 0.045 9601 HWGB 0.045 -0.005 477 0.046 44.9
0.140 0.050 0.075 0.075 5172 KSTAR 0.075 UNCH 56 0.075 22.0 0.890 0.720 9687 IDEALUBB 0.800 5.85 88.4
6.000 4.509 5.250 5.210 7006 LATITUD 5.210 UNCH 65.7 5.234 6.81 2.30 506.5 2.070 1.690 1.900 1.880 7222 IMASPRO 1.900 UNCH 463 1.888 19.13 1.84 152.0
0.950 0.785 0.915 0.905 9385 LAYHONG 0.915 UNCH 54.8 0.911 30.40 0.55 557.0 0.300 0.160 0.170 0.160 7183 IRETEX 0.165 -0.005 327.2 0.164 22.8
0.377 0.261 0.325 0.325 8079 LEESK 0.325 UNCH 225.1 0.325 11.52 3.08 54.5 0.085 0.055 0.055 0.055 7223 JADI 0.055 UNCH 20 0.055 51.8
3.390 2.711 3.390 3.290 7089 LIIHEN 3.360 0.070 1353.7 3.355 8.14 4.76 604.8 0.175 0.135 0.140 0.135 8648 JASKITA 0.140 UNCH 927.2 0.139 7.14 62.9
0.820 0.710 0.760 0.740 7126 LONBISC 0.750 0.010 752 0.752 9.68 139.9 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.600 1.550 7085 LTKM 1.550 -0.040 28.3 1.572 16.77 1.94 201.7 1.120 0.892 7043 JMR 1.090 167.69 138.2
7.920 3.722 7.650 7.550 7087 MAGNI 7.630 0.080 475.4 7.603 10.34 1.83 1,241.6 1.729 0.825 1.510 1.490 7167 JOHOTIN 1.500 0.020 307.7 1.498 7.44 1.75 417.2
0.045 0.010 0.025 0.020 5189 MAXWELL 0.020 UNCH 905 0.020 8.0 1.460 1.064 1.130 1.110 4383 JTIASA 1.130 0.010 548.8 1.119 14.43 1.15 1,100.3
1.266 0.974 5886 MBG 1.040 24.24 2.88 63.2 0.310 0.160 0.285 0.275 54 KARYON 0.275 -0.005 5092.1 0.277 25.94 130.8
2.500 1.285 2.410 2.360 3662 MFLOUR 2.360 -0.040 60.7 2.390 14.74 2.75 1,298.7 0.870 0.680 0.750 0.740 7199 KEINHIN 0.750 -0.005 48 0.746 10.53 2.00 74.3
0.990 0.800 0.850 0.800 7935 MILUX 0.840 -0.005 32.1 0.837 45.7 0.525 0.340 0.360 0.360 6211 KIALIM 0.360 0.005 20 0.360 22.3
5.005 3.950 4.000 4.000 5202 MSM 4.000 UNCH 1 4.000 104.99 3.50 2,811.9 3.009 2.733 2.950 2.940 3522 KIANJOO 2.940 -0.010 52 2.940 9.66 1.36 1,305.9
0.035 0.030 5150 MSPORTS 0.035 21.2 2.363 1.511 1.960 1.900 5371 KIMHIN 1.910 -0.010 43.1 1.907 8.26 3.14 297.2
1.826 1.184 1.440 1.430 3921 MWE 1.440 -0.010 20.8 1.440 2.49 1.39 333.4 0.085 0.025 0.045 0.040 5060 KINSTEL 0.045 0.005 636 0.045 47.2
85.200 72.962 84.000 83.760 4707 NESTLE 84.000 UNCH 4.8 83.977 30.45 3.21 19,698.0 1.590 1.080 1.100 1.080 9466 KKB 1.080 -0.020 138.2 1.090 3.70 278.4
4.880 2.866 3.790 3.740 7060 NHFATT 3.740 -0.010 105.2 3.763 8.81 2.94 281.1 0.455 0.235 0.245 0.235 7164 KNM 0.240 -0.005 4974 0.240 517.5
0.130 0.070 0.095 0.090 7139 NICE 0.095 0.005 2355 0.090 27.14 31.6 1.129 0.751 0.925 0.920 6971 KOBAY 0.920 UNCH 15.8 0.923 14.84 93.9
0.315 0.240 0.245 0.245 7215 NIHSIN 0.245 -0.005 250 0.245 58.4 0.367 0.240 0.250 0.245 7017 KOMARK 0.250 0.005 232.6 0.245 31.2
0.905 0.775 0.795 0.780 5066 NTPM 0.780 -0.015 105.3 0.790 17.73 3.08 876.1 7.360 5.565 7.360 7.270 7153 KOSSAN 7.280 -0.020 922.2 7.297 28.67 1.51 4,655.3
0.690 0.345 0.560 0.555 7071 OCR 0.555 -0.010 420.4 0.556 142.7 1.110 0.345 0.985 0.970 7130 KPOWER 0.970 UNCH 759.5 0.985 54.7
0.250 0.045 0.120 0.115 7071PA OCR-PA 0.115 -0.005 3561.7 0.118 74.1 5.118 4.606 5.040 5.000 3476 KSENG 5.020 -0.020 82.9 5.026 12.89 1.99 1,814.6
2.389 1.353 1.670 1.610 7107 OFI 1.610 UNCH 183 1.632 21.18 2.48 386.4 0.580 0.346 0.575 0.550 5192 KSSC 0.550 0.005 3093.1 0.565 9.96 2.73 52.8
7.300 6.315 6.750 6.600 4006 ORIENT 6.640 0.040 53.9 6.660 14.89 3.01 4,119.4 0.775 0.295 0.665 0.645 8362 KYM 0.650 0.005 459.3 0.651 24.90 97.4
3.910 2.222 3.830 3.710 7052 PADINI 3.740 -0.060 475.9 3.771 15.85 2.67 2,460.6 8.400 5.060 5.820 5.750 3794 LAFMSIA 5.820 0.020 36.7 5.797 736.71 3.44 4,945.2
37.709 30.120 37.100 37.000 3719 PANAMY 37.080 -0.020 11 37.054 17.74 3.16 2,252.5 0.940 0.549 0.765 0.760 9326 LBALUM 0.760 UNCH 291.3 0.762 10.51 2.63 188.8
0.774 0.510 5022 PAOS 0.570 55.34 2.86 103.3 0.614 0.448 0.510 0.505 5092 LCTH 0.510 UNCH 140 0.508 12.94 4.90 183.6
0.650 0.300 0.475 0.435 9407 PARAGON 0.475 -0.005 5.6 0.449 21.11 33.3 6.530 4.140 4.530 4.390 5284 LCTITAN 4.400 -0.020 16515.6 4.447 5.78 10,154.3
0.660 0.310 0.495 0.480 6068 PCCS 0.495 -0.005 73 0.488 29.7 0.844 0.422 0.725 0.715 5232 LEONFB 0.725 0.005 329.9 0.720 6.27 2.07 224.8
1.060 0.700 5231 PELIKAN 0.880 179.59 486.9 0.440 0.100 0.285 0.270 8745 LEWEKO 0.270 -0.010 1173.6 0.280 86.9
0.235 0.145 0.190 0.190 4081 PMCORP 0.190 UNCH 14 0.190 10.56 146.9 0.080 0.020 0.040 0.040 2887 LIONDIV 0.040 -0.005 1313.2 0.040 55.7
0.515 0.441 0.500 0.495 5080 POHKONG 0.500 0.005 200 0.499 11.36 2.00 205.2 1.280 0.275 1.150 1.120 4235 LIONIND 1.120 -0.030 1899.3 1.128 804.1
1.998 1.442 1.950 1.930 7088 POHUAT 1.950 0.020 552.8 1.943 7.26 4.10 442.6 0.665 0.290 0.575 0.560 9881 LSTEEL 0.570 UNCH 119.4 0.565 8.24 73.0
17.300 15.159 16.940 16.820 4065 PPB 16.920 0.020 447 16.914 17.34 1.48 20,058.7 0.160 0.050 0.120 0.115 5068 LUSTER 0.120 UNCH 1182.8 0.117 237.1
0.720 0.499 0.620 0.615 7190 PPG 0.620 UNCH 25 0.617 11.92 2.23 62.0 3.875 3.336 3.680 3.670 9199 LYSAGHT 3.670 -0.010 4 3.675 9.73 1.91 152.6
1.659 1.240 1.270 1.260 8966 PRLEXUS 1.260 -0.010 127.6 1.261 8.85 2.38 226.8 1.280 0.550 1.030 1.020 5098 MASTEEL 1.030 0.010 349.2 1.025 8.17 252.4
1.170 0.636 1.060 1.020 7134 PWF 1.050 0.030 448 1.050 17.65 2.59 175.8 0.855 0.475 0.660 0.655 7029 MASTER 0.655 UNCH 41.4 0.658 11.45 1.53 35.8
2.705 1.840 2.210 2.200 7237 PWROOT 2.200 UNCH 369.3 2.201 15.49 5.23 725.7 1.170 0.906 1.070 1.050 5152 MBL 1.060 UNCH 100.2 1.054 7.69 3.77 97.5
5.000 4.143 4.980 4.950 7084 QL 4.980 UNCH 135.3 4.971 31.70 0.85 6,215.2 0.870 0.618 0.800 0.780 7004 MCEHLDG 0.800 0.010 33.6 0.788 21.00 1.88 35.5
2.360 1.457 2.340 2.330 9946 REX 2.330 0.010 25 2.336 104.02 0.86 143.7 0.660 0.285 0.295 0.285 3778 MELEWAR 0.285 UNCH 111.3 0.291 64.3
1.890 1.060 1.450 1.420 183 SALUTE 1.450 0.010 186.5 1.433 22.24 1.66 562.6 0.789 0.478 5223 MENTIGA 0.655 9.28 1.53 45.9
1.609 1.000 1.330 1.310 5252 SASBADI 1.320 UNCH 606.7 1.321 22.45 1.70 368.8 1.426 1.062 1.300 1.280 8192 MERCURY 1.300 UNCH 3.3 1.288 13.76 9.23 52.2
0.460 0.275 0.440 0.425 5157 SAUDEE 0.425 -0.015 308.1 0.432 472.22 51.0 1.837 1.596 6149 METROD 1.710 17.57 3.51 205.2
1.430 1.000 1.390 1.370 7180 SERNKOU 1.390 0.020 81 1.379 166.8 1.068 0.333 0.935 0.900 5001 MIECO 0.925 0.020 5590.8 0.919 6.23 4.32 485.6
0.845 0.580 0.655 0.655 7165 SGB 0.655 -0.035 9 0.655 112.0 0.150 0.075 0.140 0.135 7219 MINETEC 0.135 UNCH 388 0.135 98.8
0.270 0.060 7165PA SGB-PA 0.240 107.4 0.740 0.515 0.540 0.535 5576 MINHO 0.540 0.005 20 0.537 9.29 118.6
2.065 1.480 1.510 1.500 7412 SHH 1.500 UNCH 9 1.506 14.20 6.67 75.0 4.403 2.707 4.130 4.110 5916 MSC 4.110 -0.060 37.9 4.123 15.34 1.95 411.0
1.070 0.800 0.890 0.885 7246 SIGN 0.890 -0.010 61.7 0.886 4.94 5.62 213.9 2.011 1.373 1.500 1.480 3883 MUDA 1.490 UNCH 269.1 1.487 17.57 2.01 454.5
0.915 0.194 0.710 0.695 8532 SINOTOP 0.695 -0.015 18.1 0.697 51.48 274.5 1.200 0.445 0.770 0.760 5087 MYCRON 0.770 0.005 112 0.763 6.01 218.3
0.865 0.610 0.645 0.620 9776 SMCAP 0.635 -0.005 46.1 0.628 33.25 38.8 0.240 0.035 0.110 0.110 7002 NAKA 0.110 UNCH 1 0.110 6.1
0.385 0.200 0.330 0.330 7943 SNC 0.330 UNCH 14.5 0.330 44.00 21.8 0.385 0.155 0.165 0.155 5025 NWP 0.160 -0.005 1216.4 0.157 57.8
2.548 2.155 2.330 2.310 7103 SPRITZER 2.320 -0.010 67.4 2.320 16.85 2.50 423.6 1.190 0.535 1.030 0.985 4944 NYLEX 0.995 UNCH 1873.1 1.001 9.51 2.01 193.4
1.500 1.020 1.130 1.080 7186 SWSCAP 1.080 -0.040 250 1.098 166.15 0.93 157.5 1.940 1.125 1.850 1.810 7140 OKA 1.830 -0.020 97.6 1.828 10.28 3.01 298.8
0.669 0.480 0.490 0.480 7082 SYF 0.490 UNCH 1993.6 0.488 7.85 2.04 303.4 1.340 0.865 1.230 1.230 5065 ORNA 1.230 -0.020 8 1.230 9.90 2.44 92.6
0.505 0.280 0.420 0.420 7211 TAFI 0.420 -0.005 10 0.420 33.6 0.085 0.055 0.060 0.060 7225 PA 0.060 -0.005 10 0.060 56.8
1.979 1.651 1.700 1.690 4405 TCHONG 1.690 UNCH 21.6 1.694 1.18 1,135.7 7.800 6.338 6.980 6.890 5183 PCHEM 6.970 -0.010 1833.7 6.970 15.37 2.73 55,760.0
1.402 0.505 0.575 0.540 7200 TEKSENG 0.555 0.010 2641.6 0.558 10.30 3.60 193.2 2.020 1.454 1.530 1.510 5271 PECCA 1.510 -0.040 106 1.518 19.02 2.65 283.9
1.250 0.865 0.900 0.880 7252 TEOSENG 0.885 0.005 101.7 0.893 17.39 1.69 265.5 0.801 0.605 0.650 0.650 9997 PENSONI 0.650 UNCH 134 0.650 13.27 4.62 84.3
1.510 1.230 1.500 1.500 9369 TGL 1.500 0.100 2 1.500 20.05 5.00 61.1 8.150 5.827 6.550 6.450 5436 PERSTIM 6.540 0.040 113.3 6.491 11.78 6.12 649.5
0.620 0.400 7230 TOMEI 0.585 14.44 81.1 21.925 17.949 18.880 18.540 6033 PETGAS 18.620 -0.140 109.7 18.639 20.99 3.38 36,844.0
0.560 0.390 0.405 0.405 7176 TPC 0.405 -0.005 10 0.405 43.55 94.7 9.520 3.416 9.520 9.070 3042 PETRONM 9.490 0.440 864.9 9.272 7.78 2.32 2,562.3
6.461 4.089 5.720 5.580 4588 UMW 5.640 -0.010 203.9 5.630 3.55 6,589.2 2.476 1.595 2.300 2.250 7095 PIE 2.270 -0.030 890.9 2.265 19.12 1.06 871.8
2.480 1.934 2.430 2.360 7757 UPA 2.360 -0.090 17.7 2.404 5.64 3.39 187.8 2.580 1.277 2.190 2.140 7172 PMBTECH 2.140 UNCH 46.9 2.141 15.53 1.87 171.2
1.668 0.677 1.440 1.440 7203 WANGZNG 1.440 -0.020 12 1.440 12.53 2.78 230.4 2.977 2.530 2.890 2.830 8869 PMETAL 2.850 -0.010 2082.1 2.861 19.49 1.78 10,641.0
0.325 0.080 0.250 0.245 5156 XDL 0.250 UNCH 56 0.246 28.09 168.5 0.575 0.450 0.505 0.505 6637 PNEPCB 0.505 UNCH 4 0.505 13.32 66.4
0.615 0.360 7121 XIANLNG 0.570 41.4 0.995 0.270 0.495 0.480 8117 POLY 0.485 -0.020 318.8 0.487 2.45 77.6
0.185 0.020 5155 XINQUAN 0.055 26.7 1.670 0.920 1.520 1.490 8273 PPHB 1.510 -0.010 118.5 1.507 9.30 165.9
2.822 2.175 2.400 2.390 5584 YEELEE 2.400 0.010 16.7 2.395 11.49 1.88 459.3 0.365 0.250 9458 PREMIER 0.275 229.17 92.7
1.560 1.034 1.470 1.420 5159 YOCB 1.470 0.020 172 1.445 10.11 2.72 235.2 1.370 0.501 1.260 1.240 9873 PRESTAR 1.250 0.020 365.6 1.249 7.35 2.40 253.3
3.070 1.744 3.030 2.990 7178 YSPSAH 3.000 -0.020 137.6 3.001 12.83 2.33 409.9 1.110 0.635 1.040 1.030 7168 PRG 1.030 UNCH 59.5 1.038 85.83 0.49 308.0
1.957 1.160 1.700 1.680 5131 ZHULIAN 1.700 UNCH 96.2 1.692 14.67 3.53 782.0 0.330 0.085 0.235 0.225 7123 PWORTH 0.235 UNCH 13373.6 0.231 90.38 218.7
INDUSTRIAL PRODUCTS 1.380 1.080 7544 QUALITY 1.140 66.1
1.420 0.922 1.370 1.340 12 3A 1.370 0.020 367.7 1.356 15.84 1.05 674.0 0.800 0.510 7498 RALCO 0.700 29.4
0.210 0.085 0.145 0.135 7086 ABLEGRP 0.140 0.005 3970.3 0.141 36.9 5.840 5.310 5.650 5.650 7765 RAPID 5.650 0.050 1 5.650 773.97 604.0
0.400 0.200 7131 ACME 0.310 67.7 0.745 0.400 0.425 0.420 5256 REACH 0.420 UNCH 285.9 0.422 18.58 460.5
0.900 0.630 0.670 0.670 7191 ADVENTA 0.670 UNCH 13.8 0.670 3350 102.4 0.655 0.390 0.555 0.510 7232 RESINTC 0.520 -0.015 757.2 0.525 7.89 2.31 71.3
2.694 2.045 9148 ADVPKG 2.200 18.29 5.45 45.1 1.250 0.595 1.200 1.180 9741 ROHAS 1.200 0.010 149 1.192 479.8
0.220 0.135 0.175 0.175 7146 AEM 0.175 UNCH 339.8 0.175 52.4 0.834 0.711 0.775 0.770 7803 RUBEREX 0.775 0.005 40 0.772 8.63 1.61 195.5
0.500 0.365 5198 AFUJIYA 0.420 23.33 75.6 5.250 3.604 4.900 4.820 5134 SAB 4.900 0.010 8 4.876 13.79 1.02 671.0
0.635 0.405 2682 AISB 0.480 14.29 69.3 8.490 4.773 8.120 8.080 9822 SAM 8.090 -0.010 29.6 8.097 22.20 1.27 1,018.6
1.010 0.853 0.975 0.960 7811 SAPIND 0.970 UNCH 26.4 0.971 11.47 6.19 70.6
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I 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)

1.325 0.984 1.090 1.070 5170 SCABLE 1.070 -0.030 70.2 1.078 17.48 2.80 339.2 1.508 1.102 1.270 1.250 5056 ENGTEX 1.250 0.010 610.7 1.254 6.17 0.80 452.0
3.450 2.049 3.210 3.100 7247 SCGM 3.200 0.010 72.3 3.121 18.64 1.88 619.5 0.624 0.370 0.535 0.525 6939 FIAMMA 0.535 -0.005 105.5 0.531 10.90 2.80 283.6
0.740 0.520 0.560 0.560 9237 SCIB 0.560 0.010 10 0.560 30.94 45.3 0.440 0.380 0.400 0.395 9318 FITTERS 0.395 -0.005 473 0.395 1.52 189.8
8.928 5.880 8.650 8.550 4731 SCIENTX 8.600 UNCH 163.2 8.577 18.85 1.86 4,158.6 1.468 1.084 1.240 1.210 7210 FREIGHT 1.220 -0.030 112.6 1.223 10.50 4.10 227.1
0.345 0.250 0.290 0.285 7239 SCNWOLF 0.290 -0.010 98.5 0.290 25.4 0.415 0.135 0.405 0.395 128 FRONTKN 0.400 -0.005 19772.3 0.400 15.87 421.4
0.525 0.135 0.260 0.255 7366 SCOMIEN 0.255 0.005 63 0.258 87.2 0.290 0.150 9377 FSBM 0.220 31.1
1.660 0.660 1.370 1.330 7073 SEACERA 1.350 -0.020 3901.3 1.349 71.81 2.22 332.2 3.096 2.244 2.980 2.940 5209 GASMSIA 2.970 UNCH 273.8 2.963 22.76 4.33 3,813.5
0.230 0.140 0.165 0.155 5145 SEALINK 0.160 UNCH 580.1 0.160 80.0 0.820 0.615 0.680 0.660 78 GDEX 0.670 UNCH 2987.2 0.670 95.71 0.37 3,736.1
0.765 0.250 0.640 0.610 5163 SEB 0.630 UNCH 21.4 0.630 50.4 6.302 4.138 6.120 6.060 4715 GENM 6.100 0.040 5326.4 6.091 11.34 1.51 36,222.1
1.060 0.388 1.030 1.000 5181 SIGGAS 1.020 0.020 1191.1 1.014 42.32 1.18 191.3 10.000 7.449 9.750 9.620 3182 GENTING 9.750 UNCH 2906.1 9.713 13.86 0.62 37,204.3
1.040 0.550 0.750 0.750 7115 SKBSHUT 0.750 -0.070 2 0.750 11.18 30.0 4.500 1.624 4.390 4.290 3204 GKENT 4.310 UNCH 511 4.328 15.45 2.32 1,618.5
1.450 1.121 1.450 1.410 7155 SKPRES 1.440 0.030 7221.4 1.432 16.16 2.88 1,800.3 0.555 0.300 0.445 0.420 7676 GUNUNG 0.440 0.005 213.5 0.438 103.9
2.923 1.949 2.400 2.390 7248 SLP 2.390 0.030 508.6 2.396 23.25 1.88 631.3 4.390 1.854 4.180 4.090 7668 HAIO 4.110 -0.070 342.2 4.123 22.42 2.60 1,227.5
0.700 0.585 0.625 0.590 7132 SMISCOR 0.625 0.025 10.2 0.591 4.00 28.0 0.335 0.200 0.240 0.210 7253 HANDAL 0.240 0.025 671.4 0.231 38.4
1.780 0.889 1.680 1.660 5665 SSTEEL 1.660 UNCH 226.5 1.668 1.81 712.2 9.350 7.192 9.080 9.000 3034 HAPSENG 9.050 0.050 362.6 9.032 21.22 3.87 22,531.6
0.325 0.065 0.260 0.255 7143 STONE 0.260 0.015 22 0.258 23.4 1.053 0.675 0.685 0.675 2062 HARBOUR 0.675 -0.025 207.3 0.681 8.12 2.96 270.3
1.550 1.340 1.360 1.360 6904 SUBUR 1.360 UNCH 1.9 1.360 284.2 4.077 2.834 3.970 3.920 5008 HARISON 3.970 UNCH 16.1 3.947 12.85 6.30 271.9
4.320 1.535 3.600 3.550 7207 SUCCESS 3.590 -0.010 117 3.585 11.08 1.39 440.5 0.150 0.050 0.060 0.055 7013 HUBLINE 0.060 UNCH 5633.7 0.060 66.3
2.650 1.764 2.620 2.580 7235 SUPERLN 2.600 UNCH 334.2 2.602 17.40 1.06 416.0 0.480 0.220 0.240 0.240 5255 ICON 0.240 -0.005 43.7 0.240 282.5
2.324 1.852 1.920 1.900 7106 SUPERMX 1.920 UNCH 930.1 1.912 21.89 1.30 1,305.9 6.696 5.512 5.960 5.920 5225 IHH 5.960 UNCH 470.5 5.947 57.92 0.50 49,104.7
4.210 3.317 3.630 3.570 5012 TAANN 3.610 -0.020 216.2 3.610 10.52 3.35 1,605.9 0.920 0.710 0.805 0.770 5614 ILB 0.770 -0.030 38.1 0.775 59.23 3.25 150.2
0.545 0.350 0.400 0.395 4022 TADMAX 0.395 -0.005 772.7 0.397 212.8 1.000 0.725 0.725 0.725 5673 IPMUDA 0.725 -0.005 5 0.725 4.14 52.5
0.415 0.235 0.290 0.280 5149 TAS 0.290 -0.010 126 0.280 52.2 2.166 1.325 58 JCBNEXT 1.780 27.99 1.12 249.2
14.658 12.135 12.820 12.800 4448 TASEK 12.800 -0.140 1.1 12.804 105.70 9.38 1,582.4 0.310 0.230 0.275 0.270 8923 JIANKUN 0.275 UNCH 62.3 0.270 45.9
14.449 13.540 4448P TASEK-PA 13.540 5.17 4.5 0.390 0.295 8672 KAMDAR 0.355 70.3
0.290 0.095 0.200 0.190 5178 TATGIAP 0.190 0.005 671 0.192 29.5 0.330 0.180 0.200 0.190 5079 KBES 0.190 -0.010 160 0.197 23.9
1.220 0.290 1.170 1.150 7097 TAWIN 1.170 UNCH 477.1 1.167 15.52 75.2 1.960 1.690 1.880 1.850 6491 KFIMA 1.850 -0.030 69.2 1.866 17.19 4.86 522.1
2.920 1.020 1.680 1.680 7439 TECGUAN 1.680 -0.010 1 1.680 9.62 67.4 0.739 0.236 0.670 0.655 151 KGB 0.655 -0.015 892.8 0.660 13.67 1.53 150.5
4.803 3.817 4.200 4.170 7034 TGUAN 4.200 0.030 85.6 4.182 8.29 2.86 556.4 1.680 1.020 5035 KNUSFOR 1.150 1.74 114.6
2.166 1.470 1.720 1.700 7374 TIENWAH 1.720 0.010 139.7 1.709 4.34 6.98 249.0 4.290 3.803 4.220 4.190 5878 KPJ 4.220 -0.010 765.1 4.201 30.45 1.66 4,507.5
0.800 0.560 0.640 0.640 7854 TIMWELL 0.640 -0.010 2 0.640 57.0 1.678 0.993 1.350 1.300 5843 KPS 1.320 0.020 255.1 1.324 1100 4.73 658.7
1.080 0.595 1.040 1.020 7285 TOMYPAK 1.020 -0.020 316.2 1.029 17.00 3.14 427.4 0.590 0.485 0.540 0.535 9121 KPSCB 0.535 UNCH 38 0.538 10.92 79.1
3.760 1.721 3.600 3.560 5010 TONGHER 3.580 0.010 101.8 3.588 10.66 8.38 563.6 0.225 0.115 0.150 0.145 4847 KTB 0.145 UNCH 71.5 0.145 58.4
5.878 4.087 5.760 5.660 7113 TOPGLOV 5.720 -0.040 676.3 5.708 23.94 2.53 7,185.1 0.628 0.299 0.525 0.505 6874 KUB 0.520 0.010 1276.8 0.516 11.61 1.92 289.4
0.850 0.495 7173 TOYOINK 0.750 80.3 0.380 0.240 0.260 0.245 7170 LFECORP 0.260 0.010 323.5 0.251 27.66 47.2
0.230 0.145 4359 TURIYA 0.190 43.5 0.650 0.420 0.500 0.485 8486 LIONFIB 0.500 -0.005 20 0.499 115.8
1.980 1.490 1.980 1.930 7100 UCHITEC 1.940 0.010 2956.4 1.952 14.38 6.70 863.5 2.260 1.367 2.100 2.070 5143 LUXCHEM 2.080 UNCH 316.9 2.082 12.49 3.37 582.7
6.311 3.310 4.150 4.010 7133 ULICORP 4.010 UNCH 19.8 4.024 20.85 2.99 582.3 2.421 1.670 1.700 1.680 3859 MAGNUM 1.700 0.020 665 1.686 15.98 7.65 2,444.2
1.425 1.150 7227 UMSNGB 1.300 9.41 2.31 104.0 1.700 1.010 1.030 1.010 5264 MALAKOF 1.020 -0.010 4167.8 1.020 13.77 6.86 5,100.0
1.680 0.870 0.895 0.870 4995 VERSATL 0.885 0.005 459.5 0.882 1475 103.8 0.179 0.141 0.145 0.145 3514 MARCO 0.145 -0.005 4577.3 0.145 8.73 3.45 152.9
2.210 1.277 2.170 2.140 6963 VS 2.170 0.010 1148.9 2.156 19.58 2.23 2,612.3 6.549 5.415 5.760 5.720 6012 MAXIS 5.760 0.030 1939.1 5.749 20.79 3.47 44,988.5
1.010 0.750 1.000 0.970 5142 WASEONG 0.980 0.010 2555.2 0.986 0.51 759.4 0.955 0.680 0.695 0.690 5077 MAYBULK 0.690 UNCH 221.1 0.691 690.0
0.485 0.345 0.440 0.425 7226 WATTA 0.435 0.015 153.6 0.430 36.7 2.636 2.054 2.220 2.220 5983 MBMR 2.220 UNCH 4.8 2.220 12.93 2.70 867.8
2.170 1.471 2.060 2.050 7111 WEIDA 2.050 0.010 96 2.053 14.34 1.46 273.3 1.378 0.815 0.870 0.815 4502 MEDIA 0.820 -0.055 2349.1 0.837 9.76 909.5
2.349 1.741 2.190 2.180 7231 WELLCAL 2.180 -0.010 39.2 2.189 21.31 4.22 723.7 0.729 0.495 0.530 0.525 5090 MEDIAC 0.530 0.005 89.9 0.529 13.35 5.79 894.2
0.525 0.229 0.460 0.440 6378 WMG 0.445 -0.010 299.7 0.455 189.6 1.070 0.550 0.890 0.880 7234 MESB 0.890 0.010 19 0.881 37.4
0.845 0.595 0.725 0.710 7050 WONG 0.725 -0.005 195 0.714 131.82 66.5 4.000 1.808 3.860 3.820 3069 MFCB 3.820 -0.040 137.3 3.831 10.00 1.31 1,535.9
0.700 0.475 0.550 0.550 7025 WOODLAN 0.550 -0.060 3 0.550 14.55 22.0 1.160 0.710 0.730 0.710 5186 MHB 0.710 -0.020 767.5 0.720 1,136.0
2.084 1.836 1.970 1.940 5009 WTHORSE 1.970 -0.010 11.5 1.946 30.88 5.08 472.8 7.827 6.785 7.490 7.370 3816 MISC 7.370 -0.230 474.5 7.407 12.25 3.66 32,898.2
1.145 0.850 0.875 0.850 4243 WTK 0.855 UNCH 131.8 0.855 84.65 2.34 411.5 2.606 2.055 2.420 2.360 2194 MMCCORP 2.370 0.010 227 2.364 13.05 1.69 7,216.8
1.380 0.953 1.120 1.090 7245 WZSATU 1.120 0.030 298.2 1.105 12.81 1.79 390.7 0.395 0.205 0.325 0.315 59 MMODE 0.315 -0.020 769.7 0.319 1.90 51.3
0.865 0.745 0.780 0.775 5048 YILAI 0.780 UNCH 225.4 0.780 36.11 124.8 0.100 0.050 0.050 0.050 43 MTRONIC 0.050 UNCH 125.3 0.050 47.5
0.400 0.180 0.205 0.205 7020 YKGI 0.205 -0.005 11 0.205 71.4 0.280 0.115 0.170 0.165 3891 MUIIND 0.165 -0.005 2546.8 0.165 483.9
0.700 0.380 0.510 0.510 7014 YLI 0.510 0.005 33 0.510 10.02 0.98 52.5 3.050 1.950 2.450 2.420 3905 MULPHA 2.450 0.010 95.1 2.443 25.55 783.1
CONSTRUCTION 2.370 1.385 2.140 2.100 138 MYEG 2.100 -0.030 6254.8 2.115 39.03 0.65 7,573.2
1.200 0.735 1.010 0.970 5281 ADVCON 0.975 -0.005 4279 0.985 13.67 392.0 0.910 0.305 0.830 0.785 9806 NATWIDE 0.805 0.015 407.5 0.813 96.8
0.750 0.280 7007 ARK 0.475 23.1 0.140 0.070 0.080 0.070 4464 NICORP 0.075 UNCH 17673.5 0.077 6.36 65.7
1.200 0.600 1.120 1.110 7078 AZRB 1.110 -0.020 147.2 1.111 18.47 1.80 590.0 0.828 0.631 5533 OCB 0.720 12.97 1.39 74.1
0.793 0.581 0.650 0.635 6173 BDB 0.645 -0.005 243.4 0.644 6.13 6.98 196.0 0.985 0.750 0.920 0.895 172 OCK 0.900 -0.025 870.9 0.903 27.61 0.67 784.3
0.625 0.351 0.425 0.415 5190 BENALEC 0.425 0.005 930 0.420 24.01 1.65 345.0 3.460 1.614 2.800 2.780 5201 OLDTOWN 2.780 UNCH 124.6 2.787 20.65 2.70 1,287.8
0.510 0.355 0.365 0.355 5932 BPURI 0.360 -0.005 867.8 0.360 102.86 96.2 0.210 0.070 0.125 0.115 3018 OLYMPIA 0.120 UNCH 299.5 0.120 25.00 122.8
1.070 0.790 1.000 0.955 8761 BREM 0.970 -0.025 773.5 0.980 70.80 1.55 335.1 2.540 1.260 1.340 1.260 5260 OWG 1.290 -0.040 1687.2 1.296 47.25 313.3
1.180 0.840 1.090 1.060 8591 CRESBLD 1.090 0.030 631 1.078 11.08 3.67 192.8 0.510 0.390 0.415 0.410 8419 PANSAR 0.415 0.010 20.3 0.414 23.71 2.41 116.2
2.086 1.437 1.820 1.800 7528 DKLS 1.800 UNCH 79.9 1.801 3.33 1.67 166.9 0.680 0.432 0.680 0.655 5125 PANTECH 0.670 0.015 7746.7 0.671 13.93 2.57 497.6
2.760 1.397 2.720 2.700 5253 ECONBHD 2.700 -0.020 566.9 2.701 18.42 1.67 1,444.5 0.885 0.550 0.560 0.550 5657 PARKSON 0.555 -0.005 363.1 0.555 607.1
1.520 0.985 1.150 1.110 8877 EKOVEST 1.120 0.010 15135.5 1.131 10.53 1.07 2,395.9 1.310 0.999 1.300 1.280 5041 PBA 1.280 UNCH 185 1.283 6.34 3.13 424.0
1.010 0.482 0.945 0.930 7047 FAJAR 0.930 UNCH 1449.1 0.935 13.21 2.69 342.1 0.120 0.045 0.050 0.045 6254 PDZ 0.045 UNCH 200.6 0.046 39.1
1.370 0.885 1.250 1.210 9261 GADANG 1.220 -0.020 5223.2 1.228 9.15 2.30 802.3 1.250 0.867 1.040 1.040 5133 PENERGY 1.040 -0.010 3.2 1.040 1.92 334.6
5.459 4.541 5.400 5.350 5398 GAMUDA 5.380 -0.020 4782.4 5.380 20.01 2.23 13,185.0 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.600 0.815 1.600 1.560 5226 GBGAQRS 1.580 0.020 1731.8 1.580 17.61 679.3 0.235 0.040 0.045 0.045 47 PERISAI 0.045 UNCH 40 0.045 56.7
0.920 0.710 0.760 0.745 5169 HOHUP 0.745 -0.015 427.6 0.751 4.47 279.3 0.290 0.115 0.205 0.195 7080 PERMAJU 0.200 -0.005 419.5 0.201 39.2
1.846 1.510 1.530 1.510 6238 HSL 1.520 -0.010 74.5 1.516 16.24 1.58 885.7 1.770 1.413 1.570 1.540 5219 PESTECH 1.560 0.020 373.4 1.543 21.31 1,190.9
3.557 2.998 3.460 3.430 3336 IJM 3.430 -0.020 354.9 3.436 18.90 2.19 12,441.3 25.245 22.325 24.020 23.720 5681 PETDAG 24.020 0.280 363.5 23.796 25.24 3.00 23,862.8
0.760 0.565 0.685 0.675 5268 IKHMAS 0.680 -0.010 208 0.681 68.69 0.74 353.6 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.360 0.290 0.305 0.300 192 INTA 0.305 0.005 1048.8 0.301 0.25 163.3 5.577 4.370 4.440 4.370 7081 PHARMA 4.370 UNCH 2.2 4.406 24.54 3.66 1,133.5
0.710 0.500 8834 IREKA 0.615 22.95 105.1 0.189 0.118 0.160 0.155 7201 PICORP 0.160 UNCH 361 0.155 3.81 105.3
1.790 0.910 1.490 1.460 4723 JAKS 1.470 -0.020 1008.1 1.473 89.09 708.8 0.420 0.225 7163 PJBUMI 0.265 21.7
0.500 0.210 0.295 0.275 9083 JETSON 0.280 -0.005 2360.6 0.285 57.9 5.780 2.702 5.280 5.200 4634 POS 5.280 0.080 249.9 5.237 40.96 2.03 4,133.1
3.790 2.030 3.650 3.560 7161 KERJAYA 3.570 -0.030 406.2 3.595 15.66 1.54 1,850.2 2.530 1.870 1.930 1.910 5204 PRESBHD 1.920 0.020 982.8 1.920 102.67 1.56 929.3
2.350 1.706 2.250 2.230 5171 KIMLUN 2.250 -0.010 133.7 2.236 8.66 2.89 698.5 2.500 1.570 8346 PRKCORP 1.630 163.0
1.540 1.010 9628 LEBTECH 1.500 156.25 204.7 0.320 0.155 0.315 0.305 186 PTRANS 0.310 0.005 7389.7 0.308 13.08 1.45 354.3
1.240 0.684 5129 MELATI 0.805 6.55 2.17 96.6 0.932 0.820 0.830 0.820 5272 RANHILL 0.825 0.005 183.8 0.825 8.47 9.45 732.9
0.575 0.240 0.440 0.425 5006 MERGE 0.425 -0.020 230 0.434 16.87 28.5 0.360 0.165 0.290 0.280 37 RGB 0.285 UNCH 1830.3 0.285 14.92 2.11 381.4
1.417 1.109 1.360 1.340 9571 MITRA 1.350 UNCH 510.6 1.350 7.03 3.70 922.2 0.385 0.305 8885 RPB 0.340 291.9
1.340 0.610 1.270 1.250 7595 MLGLOBAL 1.250 -0.020 157.2 1.258 41.81 493.2 0.687 0.490 0.505 0.490 8567 SALCON 0.500 -0.005 1689.8 0.498 3.78 338.8
0.440 0.250 0.300 0.300 5924 MTDACPI 0.300 -0.005 20 0.300 69.5 1.147 0.358 0.855 0.845 5147 SAMCHEM 0.845 -0.010 215.9 0.847 13.99 3.85 229.8
1.670 0.725 1.270 1.200 5085 MUDAJYA 1.210 -0.050 506.2 1.223 668.4 0.315 0.110 0.255 0.245 9113 SANBUMI 0.255 0.010 182.5 0.251 57.7
2.990 2.090 2.840 2.760 5703 MUHIBAH 2.820 0.020 887.9 2.808 12.16 1.95 1,359.6 2.399 1.920 2.170 2.060 99 SCICOM 2.090 -0.080 813.9 2.086 15.68 4.31 742.9
0.724 0.356 0.640 0.635 8311 PESONA 0.635 -0.010 250.3 0.637 20.96 3.15 423.7 0.215 0.090 0.115 0.110 7158 SCOMI 0.110 UNCH 1480.5 0.115 210.9
1.900 1.132 1.900 1.840 7055 PLB 1.870 0.050 181.3 1.870 54.84 0.53 170.7 0.270 0.105 0.110 0.110 7045 SCOMIES 0.110 UNCH 351.9 0.110 257.6
1.273 0.924 1.040 1.020 5070 PRTASCO 1.040 0.010 228.2 1.031 13.58 5.77 441.7 1.160 0.972 7053 SEEHUP 1.010 7.13 52.8
0.215 0.095 0.155 0.145 7145 PSIPTEK 0.155 0.005 230.2 0.149 16.49 54.0 0.769 0.559 0.695 0.680 9792 SEG 0.690 UNCH 631.6 0.686 33.17 5.07 872.3
4.270 3.125 4.050 4.030 9598 PTARAS 4.040 0.010 107.6 4.030 17.30 4.95 666.5 1.911 1.120 1.480 1.420 5250 SEM 1.470 0.040 3824.8 1.463 38.28 1.56 1,813.1
1.390 0.405 1.140 1.110 5205 SENDAI 1.130 -0.010 1117 1.125 0.44 874.6 2.100 1.324 1.550 1.520 5218 SENERGY 1.530 -0.010 1947.9 1.530 72.17 0.65 9,168.0
2.180 1.533 2.150 2.110 5263 SUNCON 2.120 -0.030 1571.9 2.121 21.22 2.36 2,740.9 2.267 1.488 1.950 1.880 5279 SERBADK 1.900 -0.050 6738.4 1.905 1.99 2,536.5
0.415 0.295 0.300 0.295 9717 SYCAL 0.295 -0.005 442.5 0.296 16.39 94.5 9.700 7.261 9.420 9.360 4197 SIME 9.400 0.010 4683.4 9.399 20.06 2.87 63,927.9
0.780 0.364 0.780 0.735 5054 TRC 0.760 0.025 19278.9 0.762 9.44 2.50 365.2 0.917 0.651 9431 SJC 0.670 44.97 1.49 27.2
2.320 1.500 5622 TRIPLC 1.710 5.28 117.3 1.380 1.200 1.240 1.230 5242 SOLID 1.240 UNCH 9.9 1.232 41.89 1.05 207.5
0.825 0.430 0.720 0.695 5042 TSRCAP 0.695 -0.035 45 0.701 10.58 121.2 2.540 2.140 2.290 2.270 6084 STAR 2.270 -0.010 53 2.277 16.57 7.93 1,676.5
0.145 0.110 0.120 0.115 7070 VIZIONE 0.115 UNCH 1318.6 0.117 104.55 100.6 3.090 2.262 2.930 2.850 9865 SUIWAH 2.930 UNCH 6.8 2.870 16.59 1.19 178.7
1.680 0.890 1.410 1.390 3565 WCEHB 1.400 0.010 197.2 1.399 40.00 1,403.8 0.105 0.045 0.055 0.050 1201 SUMATEC 0.050 -0.005 1865 0.050 193.3
2.467 1.496 1.950 1.930 9679 WCT 1.950 0.010 450.1 1.944 26.49 1.53 2,756.2 4.400 2.756 4.400 4.280 5211 SUNWAY 4.320 -0.050 2992 4.333 14.93 2.06 9,008.3
0.670 0.535 0.550 0.540 7028 ZECON 0.540 0.005 241.4 0.541 1.25 64.3 2.257 1.846 2.090 2.050 6521 SURIA 2.060 -0.020 2 2.075 9.31 3.40 593.7
0.205 0.100 0.130 0.125 2283 ZELAN 0.130 UNCH 140.5 0.126 109.8 0.345 0.235 0.270 0.265 5173 SYSCORP 0.270 0.020 15 0.266 300.00 324.0
TRADING SERVICES 0.490 0.285 0.445 0.430 7228 T7GLOBAL 0.435 -0.010 2126.8 0.437 17.76 166.0
0.550 0.350 0.390 0.380 5238 AAX 0.390 UNCH 38583.7 0.386 39.80 1,617.8 1.747 1.289 1.480 1.460 8524 TALIWRK 1.470 -0.020 92.9 1.473 25.48 5.44 1,777.9
0.260 0.135 0.145 0.140 5166 AEGB 0.140 -0.005 226.4 0.145 57.4 2.667 1.419 2.580 2.550 5140 TASCO 2.550 UNCH 209.9 2.556 16.63 1.76 510.0
2.960 2.082 2.140 2.120 6599 AEON 2.120 -0.030 337.7 2.128 40.38 1.42 2,976.5 14.560 12.832 14.200 14.140 5347 TENAGA 14.180 UNCH 5960.7 14.180 11.54 2.75 80,244.8
0.435 0.160 0.315 0.290 7315 AHB 0.305 0.010 7653.5 0.302 87.14 48.8 1.573 1.150 1.190 1.150 8702 TEXCHEM 1.150 -0.040 32.1 1.167 28.75 17.39 142.7
3.468 2.086 3.290 3.220 5099 AIRASIA 3.260 UNCH 7963.4 3.258 5.38 3.68 10,894.8 0.235 0.050 0.055 0.050 7206 THHEAVY 0.055 UNCH 183.6 0.052 61.7
9.389 5.872 8.860 8.710 5014 AIRPORT 8.750 UNCH 533.4 8.764 126.26 1.26 14,517.9 6.698 5.690 6.410 6.340 4863 TM 6.390 -0.010 2313.3 6.391 35.28 3.36 24,013.2
0.370 0.110 0.130 0.125 5115 ALAM 0.130 0.005 1037.9 0.130 120.2 0.990 0.770 0.785 0.775 101 TMCLIFE 0.780 UNCH 472.3 0.777 65.00 0.15 1,354.2
0.270 0.070 0.090 0.085 159 AMEDIA 0.085 -0.005 150.5 0.090 20.4 1.870 1.470 1.700 1.670 8397 TNLOGIS 1.690 0.010 456.4 1.683 8.62 2.96 758.7
8.632 7.210 7.300 7.210 6351 AMWAY 7.210 -0.070 14.3 7.257 25.73 2.77 1,185.2 1.060 0.380 7218 TOCEAN 0.635 39.69 26.0
2.378 2.133 2.200 2.200 7083 ANALABS 2.200 0.010 0.1 2.200 11.04 1.48 132.1 1.000 0.750 0.800 0.760 5167 TURBO 0.770 -0.040 33.1 0.767 21.21 6.49 83.2
0.085 0.025 0.045 0.045 5194 APFT 0.045 UNCH 3645 0.045 24.7 2.892 2.400 2.700 2.520 7137 UMS 2.700 0.190 2.5 2.556 15.38 2.22 109.9
0.840 0.500 0.705 0.690 5210 ARMADA 0.695 -0.005 1216.7 0.694 1.18 4,077.1 1.040 0.285 0.300 0.285 5243 UMWOG 0.295 0.005 14371.3 0.293 637.8
0.220 0.100 0.160 0.155 1481 ASB 0.160 UNCH 1389.6 0.159 20.25 1.56 108.3 1.294 0.978 1.060 1.050 7091 UNIMECH 1.050 UNCH 9.9 1.058 15.35 2.86 137.7
2.869 2.466 2.630 2.600 6399 ASTRO 2.620 0.010 1881.4 2.621 22.04 4.39 13,648.9 0.730 0.365 0.425 0.425 5754 UTUSAN 0.425 0.005 1 0.425 47.1
4.978 4.180 4.420 4.420 7048 ATLAN 4.420 -0.020 1 4.420 22.30 3.62 1,121.1 1.980 1.300 1.420 1.410 7250 UZMA 1.420 0.020 4 1.413 17.03 454.4
1.180 0.715 1.170 1.130 7579 AWC 1.130 -0.010 747 1.144 13.28 1.33 301.6 1.020 0.600 1.020 0.935 7240 VOIR 0.995 0.060 1472.1 0.977 710.71 144.5
5.898 4.085 4.800 4.700 6888 AXIATA 4.800 0.110 3692.1 4.785 113.21 1.67 43,191.0 2.157 1.663 5016 WARISAN 2.100 1.90 141.1
0.653 0.225 0.570 0.545 5021 AYS 0.550 -0.015 1551.2 0.553 7.51 4.55 209.2 0.580 0.410 7692 WIDETEC 0.580 26.48 26.0
0.740 0.565 0.570 0.565 7251 BARAKAH 0.570 UNCH 245.2 0.566 54.29 470.6 4.426 3.542 3.660 3.630 5246 WPRTS 3.640 -0.020 199.1 3.644 20.84 3.59 12,412.4
2.293 1.843 1.950 1.880 5248 BAUTO 1.940 UNCH 3282.4 1.919 18.69 6.01 2,239.7 1.448 0.803 1.160 1.140 5267 XINHWA 1.150 -0.010 59.5 1.149 24.21 0.87 248.4
0.495 0.365 0.380 0.365 7241 BHS 0.380 0.005 1378.1 0.371 174.2 0.075 0.020 0.050 0.045 7122 YFG 0.050 0.005 893.4 0.045 30.5
0.280 0.170 0.205 0.200 6998 BINTAI 0.205 UNCH 186.2 0.200 59.4 3.679 2.794 3.600 3.590 7293 YINSON 3.600 0.010 856.2 3.594 16.76 0.56 3,934.1
6.567 5.863 5032 BIPORT 6.060 17.39 3.96 2,787.6 1.715 1.400 1.410 1.400 4677 YTL 1.400 UNCH 1459.4 1.404 17.52 6.79 15,274.8
2.610 1.428 5275 BISON 2.600 40.82 0.77 806.2 FINANCE
0.410 0.306 0.335 0.325 3395 BJCORP 0.330 UNCH 2686.8 0.330 12.36 1,624.8 13.980 13.140 13.880 13.500 5139 AEONCR 13.600 -0.120 147.2 13.562 11.11 3.09 2,937.6
1.956 1.208 1.420 1.400 5196 BJFOOD 1.400 UNCH 13.6 1.400 46.51 533.1 2.949 2.018 2.560 2.550 5185 AFFIN 2.560 UNCH 85.7 2.559 8.75 2.93 4,973.9
0.700 0.425 0.440 0.430 4219 BJLAND 0.435 0.010 20.6 0.434 7.87 2,175.1 4.400 3.446 3.960 3.890 2488 AFG 3.900 -0.070 332.9 3.905 11.61 4.10 6,037.6
0.470 0.205 0.325 0.285 6025 BJMEDIA 0.320 0.005 2.1 0.290 75.2 15.600 9.492 14.200 14.080 1163 ALLIANZ 14.080 -0.080 13.5 14.132 7.89 0.64 2,456.7
3.258 2.280 2.400 2.350 1562 BJTOTO 2.350 -0.040 1604.6 2.379 13.12 5.96 3,174.9 15.100 9.511 1163PA ALLIANZ-PA 15.100 0.72 1,311.8
0.135 0.092 0.105 0.100 7036 BORNOIL 0.105 0.005 32467.6 0.100 11.41 477.3 5.700 3.855 5.020 4.980 1015 AMBANK 4.980 -0.020 2537.3 4.996 11.30 3.53 15,010.6
0.945 0.515 0.540 0.530 9474 BRAHIMS 0.530 -0.020 174.9 0.536 125.2 1.934 1.263 1.580 1.490 5088 APEX 1.570 -0.010 65.9 1.513 23.57 3.18 335.3
2.789 2.510 2.700 2.650 2771 BSTEAD 2.700 UNCH 214.8 2.694 14.41 5.56 5,472.9 4.610 3.782 4.480 4.410 5258 BIMB 4.460 0.030 123.3 4.444 12.39 2.91 7,304.3
0.395 0.280 0.290 0.290 5257 CARIMIN 0.290 -0.010 5 0.290 67.8 11.140 8.057 10.600 10.440 1818 BURSA 10.580 UNCH 632.5 10.541 26.95 3.50 5,686.8
1.990 1.300 1.700 1.700 5245 CARING 1.700 -0.020 9.2 1.700 28.19 0.88 370.1 6.870 4.129 6.600 6.510 1023 CIMB 6.600 0.040 11286.2 6.563 14.74 3.03 59,743.9
3.397 2.130 2.240 2.220 2925 CCB 2.230 0.010 13.1 2.230 11.71 2.24 224.7 0.705 0.320 0.550 0.510 2143 ECM 0.550 0.035 261.2 0.545 23.40 157.6
1.440 0.831 1.270 1.210 7117 CENTURY 1.240 0.020 1196.1 1.238 23.18 2.82 486.9 1.270 1.111 1.230 1.220 5228 ELKDESA 1.220 -0.010 139.4 1.222 11.38 5.53 299.2
0.470 0.400 7209 CHEETAH 0.400 1.88 51.0 16.300 12.501 15.760 15.500 5819 HLBANK 15.660 -0.020 620 15.632 14.43 2.62 33,946.5
1.490 0.807 1.360 1.350 5273 CHINHIN 1.360 0.020 1865.8 1.357 15.70 2.57 724.7 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
0.675 0.383 0.605 0.585 7016 CHUAN 0.600 0.020 356.6 0.599 8.25 3.00 101.2 17.735 13.892 17.000 16.880 1082 HLFG 16.920 -0.180 58.2 16.921 11.79 2.25 19,416.0
0.100 0.065 0.070 0.070 5104 CNI 0.070 -0.005 246.8 0.070 4.29 50.4 2.610 2.472 6688 HWANG 2.610 20.03 1.15 666.0
1.240 0.650 5136 COMPLET 0.850 10.90 105.2 1.140 0.627 1.060 1.030 3379 INSAS 1.040 -0.010 1584.3 1.043 3.78 0.96 721.1
0.045 0.025 0.030 0.025 5037 COMPUGT 0.030 UNCH 670 0.027 64.0 0.970 0.887 0.955 0.955 3379PA INSAS-PA 0.955 -0.015 0.7 0.955 6.28 126.6
2.820 1.907 2.520 2.460 5184 CYPARK 2.460 -0.060 106.8 2.489 12.61 2.11 641.9 0.395 0.120 0.310 0.300 3441 JOHAN 0.305 0.005 8493.3 0.304 190.0
0.880 0.565 0.600 0.565 5276 DANCO 0.565 -0.035 844.6 0.575 12.10 2.65 168.4 0.690 0.415 0.530 0.525 6483 KENANGA 0.530 -0.005 159.7 0.530 33.33 4.25 382.9
0.105 0.050 0.075 0.070 91 DAYA 0.075 UNCH 298.2 0.075 143.2 19.302 15.157 18.000 17.820 8621 LPI 17.820 0.020 9.2 17.929 19.86 4.60 5,916.0
1.290 0.730 1.010 1.000 5141 DAYANG 1.000 UNCH 263.3 1.006 22.83 964.8 0.917 0.814 0.835 0.835 1198 MAA 0.835 UNCH 102.9 0.835 10.78 228.4
1.126 0.795 0.800 0.800 5132 DELEUM 0.800 UNCH 55.9 0.800 14.63 4.38 320.2 3.210 2.625 3.210 3.170 1058 MANULFE 3.170 -0.030 13.1 3.190 12.59 3.31 641.5
0.895 0.590 0.650 0.645 7212 DESTINI 0.650 UNCH 508.6 0.646 19.46 750.9 9.670 7.250 9.670 9.630 1155 MAYBANK 9.640 -0.010 13033.3 9.644 13.83 5.39 101,775.1
1.970 1.426 1.960 1.930 7277 DIALOG 1.940 -0.020 3179 1.945 29.94 1.24 10,944.8 1.380 0.694 1.260 1.240 1171 MBSB 1.250 UNCH 1278.3 1.248 21.08 2.40 7,405.5
6.537 4.243 5908 DKSH 4.990 15.98 1.90 786.7 2.840 1.621 2.500 2.460 6459 MNRB 2.500 UNCH 232.7 2.488 10.84 799.0
0.690 0.196 0.580 0.560 4456 DNEX 0.560 -0.015 25357.5 0.568 3.91 0.89 981.1 1.830 1.160 1.490 1.460 5237 MPHBCAP 1.490 0.010 158.1 1.478 16.48 1,065.4
1.591 1.092 1.190 1.160 5216 DSONIC 1.180 0.020 725.9 1.181 25.43 3.39 1,593.0 1.309 1.185 1.280 1.280 6009 P&O 1.280 0.010 14.5 1.280 19.97 7.58 314.8
0.295 0.175 0.180 0.175 2097 EASTLND 0.175 -0.005 68.8 0.177 43.0 20.740 18.918 20.700 20.600 1295 PBBANK 20.600 -0.040 1711.8 20.620 15.00 2.86 79,972.0
0.920 0.385 0.410 0.400 5259 EATECH 0.405 UNCH 436.4 0.407 5.56 204.1 1.920 0.715 1.710 1.680 9296 RCECAP 1.700 UNCH 646.7 1.689 7.12 1.76 602.8
0.370 0.200 0.240 0.240 5036 EDARAN 0.240 0.010 23.7 0.240 14.4 5.550 4.473 5.030 4.980 1066 RHBBANK 4.990 -0.010 502.9 5.001 12.32 2.40 20,010.1
0.290 0.165 0.195 0.195 7471 EDEN 0.195 UNCH 645.4 0.195 60.7 0.708 0.422 0.610 0.590 4898 TA 0.590 -0.010 211.5 0.599 3.65 2.88 1,010.0
3.589 2.280 2.600 2.550 1368 EDGENTA 2.550 -0.050 20.2 2.582 24.43 2.75 2,120.6 4.250 3.800 4.040 4.000 6139 TAKAFUL 4.040 0.010 223.6 4.028 17.84 3.88 3,325.5
0.590 0.220 0.370 0.345 64 EFFICEN 0.365 0.015 7419.3 0.362 258.8 1.629 1.050 1.080 1.060 5230 TUNEPRO 1.060 -0.010 829.2 1.068 11.50 4.91 796.9
1.000 0.776 0.900 0.895 5081 EIG 0.900 UNCH 1 0.900 15.79 2.50 213.5 PROPERTIES
2.087 1.074 1.950 1.770 5208 EITA 1.770 -0.020 611.3 1.813 8.49 2.26 230.1 0.888 0.740 0.850 0.840 1007 AMPROP 0.845 0.005 180.2 0.846 37.72 3.55 513.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY AUG U S T 4 , 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)

1.850 0.990 1.420 1.420 5959 A&M 1.420 -0.010 11 1.420 31.14 518.4 0.215 0.080 0.110 0.105 118 TRIVE 0.105 -0.005 477.4 0.108 47.73 140.3
0.448 0.345 0.415 0.410 1007PA AMPROP-PA 0.415 0.005 10.9 0.415 4.82 120.6 3.840 2.206 3.820 3.790 5005 UNISEM 3.810 -0.010 1118.1 3.807 16.21 2.89 2,795.9
0.230 0.145 0.160 0.155 4057 ASIAPAC 0.155 -0.005 73 0.158 16.85 155.1 4.790 1.727 4.560 4.490 97 VITROX 4.530 0.040 654.1 4.513 31.28 0.72 2,129.5
0.550 0.415 6602 BCB 0.440 8.94 181.5 1.750 0.621 1.650 1.600 8 WILLOW 1.610 0.030 912.7 1.626 18.96 1.24 399.3
0.665 0.450 0.460 0.450 9814 BERTAM 0.450 -0.015 51.3 0.456 1.87 93.0 INFRASTRUCTURE PROJECT COMPANIES
1.400 0.710 1.220 1.180 3239 BJASSET 1.200 0.010 41.8 1.197 1,426.6 5.139 4.630 4.820 4.790 6947 DIGI 4.820 0.010 3193.4 4.809 24.25 4.09 37,475.5
1.500 1.030 1.230 1.230 5738 CHHB 1.230 0.010 20 1.230 339.1 6.150 5.431 5.900 5.840 6645 LITRAK 5.850 UNCH 1723.6 5.850 13.89 4.27 3,081.9
1.740 1.430 1.560 1.550 6718 CRESNDO 1.560 UNCH 127 1.552 6.39 3.21 437.5 0.372 0.221 0.290 0.285 5078 M&G 0.290 0.005 289.3 0.285 17.24 203.4
1.720 1.235 1.660 1.660 5049 CVIEW 1.660 UNCH 112.3 1.660 5.56 9.04 166.0 1.270 0.845 0.855 0.845 6807 PUNCAK 0.845 -0.005 548.1 0.848 379.6
2.390 2.073 2.260 2.240 5355 DAIMAN 2.250 -0.030 35 2.252 17.25 2.22 477.4 9.890 7.115 9.730 9.600 5031 TIMECOM 9.720 -0.010 1062.2 9.692 13.26 2.05 5,651.7
1.040 0.500 0.560 0.550 3484 DBHD 0.560 0.010 17.1 0.554 173.2 1.539 1.304 1.410 1.400 6742 YTLPOWR 1.410 0.010 771.1 1.407 12.53 7.09 11,481.7
2.130 1.400 1.630 1.610 3417 E&O 1.620 UNCH 560.3 1.619 23.51 1.85 2,147.0 CLOSED-END FUNDS
0.325 0.250 0.295 0.290 3557 ECOFIRS 0.290 -0.005 2203.7 0.290 27.36 232.9 2.690 2.260 2.600 2.600 5108 ICAP 2.600 UNCH 81.1 2.600 5200 364.0
1.720 1.260 1.540 1.520 8206 ECOWLD 1.530 UNCH 1751.7 1.527 18.15 4,504.9 EXCHANGE TRADED FUNDS
0.920 0.570 0.740 0.730 6076 ENCORP 0.735 0.005 49.8 0.734 5.62 204.8 1.129 1.070 0800EA ABFMY1 1.129 5.03 1,490.8
3.180 1.850 2.920 2.770 8613 ENRA 2.770 -0.140 4.5 2.796 31.33 1.08 377.3 1.960 1.680 0822EA CIMBA40 1.925 3.84 2.6
1.240 0.730 1.110 1.080 6815 EUPE 1.090 UNCH 186.4 1.091 139.5 1.590 1.200 0823EA CIMBC50 1.590 15.5
1.360 1.000 1.090 1.080 5283 EWINT 1.080 UNCH 426.7 1.081 2,592.0 1.865 1.700 0820EA FBMKLCI-EA 1.840 1.79 3.1
0.617 0.468 0.530 0.530 6041 FARLIM 0.530 UNCH 112.4 0.530 6.05 3.77 74.4 1.070 0.971 0826EA METFAPA 1.070 20.3
0.787 0.610 0.685 0.660 5020 GLOMAC 0.670 0.020 580.2 0.675 4.37 5.22 487.6 0.952 0.905 0.923 0.923 0825EA METFSID 0.923 0.012 5.6 0.923 2.54 48.9
0.523 0.367 0.440 0.430 9962 GMUTUAL 0.440 0.005 83 0.430 8.30 4.55 165.3 1.115 1.045 0821EA MYETFDJ 1.100 2.03 305.7
0.470 0.290 0.375 0.370 1147 GOB 0.370 -0.005 437.2 0.370 21.14 1.35 168.2 1.110 1.010 1.080 1.080 0824EA MYETFID 1.080 -0.005 20 1.080 1.41 54.9
1.450 1.110 1.180 1.160 1503 GUOCO 1.180 UNCH 54.5 1.164 3.83 1.69 826.5 REITS
0.480 0.370 7010 HOOVER 0.430 17.2 1.073 0.935 0.940 0.940 4952 AHP 0.940 UNCH 2.3 0.940 44.34 4.79 206.8
1.407 0.815 0.845 0.835 5062 HUAYANG 0.840 0.005 75.7 0.839 7.63 4.76 295.7 1.659 1.415 1.520 1.520 5116 ALAQAR 1.520 UNCH 68.4 1.520 17.82 5.07 1,106.9
0.648 0.494 0.590 0.585 4251 IBHD 0.585 -0.010 755.2 0.585 8.31 3.21 589.6 1.050 0.945 1.010 1.010 5269 ALSREIT 1.010 -0.010 2.1 1.010 12.02 5.94 585.8
1.050 0.755 0.895 0.880 5084 IBRACO 0.895 -0.005 21 0.880 19.89 3.91 444.3 0.828 0.730 0.740 0.730 5120 AMFIRST 0.730 -0.005 16.1 0.733 22.53 5.56 501.1
2.990 2.359 2.820 2.810 1597 IGB 2.820 UNCH 10.4 2.817 10.41 3.55 3,848.7 0.980 0.858 0.955 0.950 5127 ARREIT 0.950 UNCH 167.6 0.950 13.81 6.06 544.6
2.379 1.850 2.140 2.110 5249 IOIPG 2.130 -0.010 877.1 2.128 10.31 3.49 11,728.1 1.190 0.995 1.170 1.170 5130 ATRIUM 1.170 0.010 1 1.170 23.31 5.81 142.5
0.620 0.380 0.390 0.390 5175 IVORY 0.390 UNCH 108.4 0.390 19.70 191.1 1.726 1.525 1.640 1.630 5106 AXREIT 1.640 UNCH 77.9 1.633 17.05 5.16 1,812.5
3.290 0.785 1.410 1.230 1589 IWCITY 1.350 0.120 54090.3 1.355 1,130.5 1.664 1.422 1.480 1.470 5180 CMMT 1.470 -0.020 179.2 1.472 19.60 5.69 2,990.9
0.176 0.095 0.105 0.095 6769 JKGLAND 0.100 -0.005 21638.9 0.100 14.71 2.30 227.5 1.581 1.230 1.240 1.230 5121 HEKTAR 1.230 UNCH 256.5 1.231 11.98 8.11 567.8
0.085 0.040 0.060 0.060 3115 KBUNAI 0.060 UNCH 1859.5 0.060 18.18 346.6 1.790 1.448 1.750 1.720 5227 IGBREIT 1.750 0.020 1517.9 1.736 21.77 4.96 6,131.0
0.974 0.798 7323 KEN 0.900 5.46 2.78 172.5 1.029 0.900 0.945 0.935 5280 KIPREIT 0.940 UNCH 287.5 0.940 22.27 3.11 475.0
1.330 0.995 1.240 1.220 5038 KSL 1.220 -0.020 710.7 1.229 3.85 1,265.8 8.100 7.119 7.800 7.780 5235SS KLCC 7.780 -0.030 10.9 7.782 15.96 4.58 14,045.5
0.312 0.210 0.225 0.220 3174 L&G 0.225 UNCH 2137.8 0.225 9.70 7.07 659.0 1.350 1.111 1.300 1.300 5123 MQREIT 1.300 UNCH 121.2 1.300 15.51 9.76 1,388.4
1.295 1.051 8494 LBICAP 1.170 4.05 8.97 94.3 1.910 1.588 1.750 1.740 5212 PAVREIT 1.740 -0.010 194.4 1.743 17.37 4.62 5,265.7
2.078 1.479 1.980 1.960 5789 LBS 1.970 UNCH 379.9 1.962 12.82 2.03 1,333.2 1.780 1.549 1.710 1.710 5176 SUNREIT 1.710 UNCH 835.8 1.710 15.32 5.29 5,036.1
0.460 0.235 0.425 0.410 3573 LIENHOE 0.425 0.010 568.9 0.416 153.7 1.220 1.132 1.210 1.210 5111 TWRREIT 1.210 UNCH 10 1.210 16.81 5.73 339.4
1.690 0.926 1.500 1.490 7617 MAGNA 1.500 -0.010 45 1.499 2.03 4.00 502.4 1.796 1.561 1.680 1.680 5110 UOAREIT 1.680 UNCH 7.7 1.680 15.83 5.62 710.4
1.700 1.340 1.570 1.560 8583 MAHSING 1.570 UNCH 118.8 1.567 11.82 4.14 3,783.0 1.230 1.018 1.210 1.200 5109 YTLREIT 1.200 -0.010 245.8 1.209 5.83 2,045.3
1.940 0.551 1.160 1.080 6181 MALTON 1.080 -0.040 5348.7 1.107 13.64 2.31 570.0 SPAC
2.828 2.280 2.770 2.740 5236 MATRIX 2.740 -0.010 146.3 2.759 8.41 5.02 1,595.6 0.720 0.670 5234 CLIQ 0.720 454.3
1.880 1.000 1.560 1.540 7189 MBWORLD 1.560 0.020 18.1 1.543 7.75 245.5 0.480 0.455 5241 SONA 0.475 670.1
1.200 0.750 0.965 0.930 5182 MCT 0.965 0.035 1 0.948 22.08 1,288.1
0.525 0.415 0.430 0.420 5040 MEDAINC 0.430 0.005 4 0.426 211.8
1.020 0.680
0.605 0.250
2.614 2.200
0.860
0.435
2.230
0.850
0.415
2.220
1694
8141
6114
MENANG
MJPERAK
MKH
0.860
0.430
2.220
UNCH
0.010
-0.010
163.1
476.1
223.6
0.857 7.18
0.425 102.38
2.222 5.41

4.98
3.05
229.7
110.5
1,244.7
Ace Market
0.360 0.270 0.280 0.275 8893 MKLAND 0.275 UNCH 338.1 0.275 19.93 332.0 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
0.215 0.085 0.135 0.125 6548 MPCORP 0.135 0.010 6.6 0.125 38.8 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.761 1.115 1.210 1.180 1651 MRCB 1.210 0.040 6821.7 1.196 9.10 2.27 2,653.0
1.080 0.610 9539 MUH 0.680 38.4 CONSUMER PRODUCTS
0.365 0.230 0.280 0.280 3913 MUIPROP 0.280 -0.005 58 0.280 20.29 213.9 0.285 0.195 0.245 0.240 179 BIOHLDG 0.240 Unch 3438.1 0.240 20.51 193.5
1.900 1.230 1.250 1.230 5073 NAIM 1.240 -0.010 47.7 1.233 310.0 0.315 0.200 0.220 0.215 170 KANGER 0.220 Unch 26 0.216 25.58 175.7
3.089 2.350 5827 OIB 2.400 11.50 3.33 347.7 0.450 0.200 0.380 0.360 148 SUNZEN 0.360 -0.010 1038.6 0.368 128.57 173.5
1.710 1.346 1.600 1.580 5053 OSK 1.600 -0.010 245.4 1.588 9.56 4.69 2,244.6 0.045 0.025 0.040 0.040 95 XINGHE 0.040 Unch 1103.2 0.040 3.81 93.9
1.880 1.251 1.860 1.820 1724 PARAMON 1.830 -0.010 88.3 1.832 10.49 4.64 776.5 INDUSTRIAL PRODUCTS
0.695 0.405 0.595 0.590 6912 PASDEC 0.595 0.005 51 0.595 170.2 0.245 0.137 0.185 0.180 105 ASIAPLY 0.180 -0.005 357.4 0.181 19.78 2.78 60.0
1.820 1.540 1.650 1.620 5075 PLENITU 1.650 0.030 11 1.647 13.57 2.73 629.5 0.095 0.030 0.040 0.040 72 AT 0.040 Unch 6025 0.040 43.3
0.365 0.225 0.330 0.330 2208 PTGTIN 0.330 UNCH 153 0.330 114.2 0.445 0.245 0.410 0.400 163 CAREPLS 0.405 Unch 3037.1 0.405 72.32 0.74 195.7
1.270 0.900 1.080 1.050 4596 SAPRES 1.080 UNCH 14 1.059 1.44 2.78 150.8 0.330 0.080 0.215 0.195 102 CONNECT 0.210 0.015 1498.7 0.206 84.00 67.6
0.820 0.665 0.685 0.685 5207 SBCCORP 0.685 UNCH 52 0.685 160.9 0.598 0.360 0.370 0.365 100 ESCERAM 0.365 -0.005 373.4 0.366 11.77 1.64 75.0
1.160 0.785 1.140 1.120 2224 SDRED 1.120 -0.020 128.4 1.129 8.33 2.23 477.3 0.370 0.215 0.220 0.220 175 HHGROUP 0.220 -0.005 110 0.220 314.29 67.9
0.580 0.370 0.490 0.485 4286 SEAL 0.485 -0.005 65.8 0.487 35.93 117.8 0.145 0.065 0.115 0.105 160 HHHCORP 0.115 0.005 215 0.110 23.47 38.3
2.962 2.761 2.850 2.820 6017 SHL 2.850 0.040 8.5 2.847 8.38 7.02 690.1 0.555 0.160 0.555 0.520 162 IJACOBS 0.525 -0.015 8164.4 0.537 39.18 71.2
0.305 0.135 0.240 0.225 4375 SMI 0.240 0.015 881.4 0.233 1.78 50.4 0.165 0.090 0.150 0.145 24 JAG 0.150 Unch 9117.8 0.150 27.27 189.9
1.000 0.690 0.825 0.820 5213 SNTORIA 0.820 -0.005 92.1 0.820 11.97 2.44 409.3 0.250 0.125 0.220 0.200 25 LNGRES 0.200 -0.015 2128.1 0.208 21.51 48.4
5.190 4.211 4.880 4.850 1783 SPB 4.880 UNCH 37.2 4.876 10.96 2.46 1,676.8 0.150 0.040 0.055 0.050 70 MQTECH 0.050 -0.005 462.2 0.052 20.7
4.311 2.833 3.300 3.250 8664 SPSETIA 3.260 -0.020 110.8 3.271 4.75 6.13 9,734.7 0.860 0.331 0.725 0.695 49 OCNCASH 0.710 0.015 2510.4 0.710 14.34 0.99 158.3
1.590 0.815 1.460 1.430 3743 SUNSURIA 1.440 UNCH 110.9 1.439 20.40 1,150.3 0.610 0.130 0.360 0.340 38 PTB 0.350 -0.005 332.6 0.352 79.55 52.6
4.400 2.756 4.400 4.280 5211 SUNWAY 4.320 -0.050 2992 4.333 14.93 2.06 9,008.3 0.105 0.055 0.060 0.055 133 SANICHI 0.060 Unch 811.6 0.056 51.5
1.070 0.625 0.930 0.920 1538 SYMLIFE 0.920 -0.010 113.8 0.924 8.16 3.26 285.2 0.060 0.025 0.030 0.030 109 SCBUILD 0.030 Unch 994.1 0.030 26.5
0.395 0.215 0.320 0.315 5158 TAGB 0.320 UNCH 1000.6 0.318 7.69 1.25 1,702.9 0.220 0.110 0.185 0.175 1 SCOMNET 0.180 -0.005 1387.2 0.180 14.40 2.22 43.7
7.600 5.976 2305 TAHPS 7.280 28.26 0.69 544.9 0.289 0.117 0.240 0.235 28 SCOPE 0.235 -0.005 224.6 0.235 28.66 2.13 131.7
0.060 0.035 0.055 0.050 2259 TALAMT 0.050 -0.005 1716.8 0.050 211.0 0.290 0.115 0.180 0.175 55 SERSOL 0.175 -0.005 344.4 0.177 37.7
1.471 1.266 1.330 1.320 5191 TAMBUN 1.320 -0.010 237.4 1.322 5.00 7.58 571.9 0.955 0.178 0.780 0.755 84 TECFAST 0.765 0.010 3754.7 0.766 34.62 0.65 130.9
0.140 0.055 0.100 0.095 2429 TANCO 0.100 UNCH 192.5 0.100 66.2 TECHNOLOGY
0.315 0.170 0.240 0.230 7889 THRIVEN 0.235 UNCH 182.3 0.235 88.5 0.995 0.160 0.705 0.575 18 ACCSOFT 0.660 0.085 327 0.646 549.6
0.085 0.040 0.060 0.055 7079 TIGER 0.055 -0.005 2059.9 0.060 81.0 0.750 0.160 0.725 0.710 181 AEMULUS 0.715 Unch 4173.7 0.716 188.16 313.8
1.930 1.450 1.580 1.560 5239 TITIJYA 1.580 UNCH 22 1.566 8.18 0.32 647.8 0.455 0.120 0.350 0.350 119 APPASIA 0.350 Unch 160 0.350 102.5
1.044 0.937 0.955 0.950 5401 TROP 0.955 UNCH 26.6 0.955 10.69 2.59 1,399.8 0.450 0.150 0.185 0.180 68 ASDION 0.180 -0.005 245.6 0.182 20.9
1.360 0.995 1.160 1.140 5148 UEMS 1.160 0.020 1105.7 1.154 27.29 1.38 5,263.4 1.160 0.730 0.835 0.800 98 BAHVEST 0.825 0.005 600.9 0.826 495.0
2.680 2.096 2.610 2.550 5200 UOADEV 2.590 -0.030 256.2 2.575 6.58 5.79 4,491.7 0.770 0.620 0.660 0.640 191 CABNET 0.640 Unch 570.5 0.648 10.49 83.2
1.890 0.935 1.810 1.800 2976 WINGTM 1.810 0.010 50.4 1.801 58.77 1.66 882.1 0.065 0.030 0.050 0.045 152 DGB 0.050 Unch 150.1 0.048 500.00 26.9
0.525 0.229 0.460 0.440 6378 WMG 0.445 -0.010 299.7 0.455 189.6 0.075 0.020 0.035 0.030 131 DGSB 0.030 -0.005 120 0.034 42.86 40.7
1.279 0.866 7003 Y&G 0.955 11.40 190.4 0.120 0.050 0.090 0.085 154 EAH 0.085 Unch 1400.1 0.086 35.42 126.7
1.840 1.380 1.430 1.390 3158 YNHPROP 1.430 0.040 656.4 1.419 18.57 756.5 0.260 0.125 0.140 0.130 107 EDUSPEC 0.135 0.005 1395.9 0.135 23.68 125.9
1.610 1.040 1.420 1.350 7066 YONGTAI 1.370 -0.020 2209.3 1.385 21.24 596.9 0.295 0.050 0.255 0.250 116 FOCUS 0.250 -0.005 399.3 0.254 194.3
0.670 0.550 0.580 0.575 2577 YTLLAND 0.580 UNCH 36.5 0.575 14.29 489.7 1.160 0.815 0.975 0.925 104 GENETEC 0.975 0.055 1.2 0.933 34.6
MINING 0.759 0.431 0.620 0.605 39 GFM 0.615 0.005 430.2 0.612 25.10 2.36 263.3
1.290 1.150 2186 KUCHAI 1.270 0.67 157.2 0.090 0.030 0.075 0.065 45 GNB 0.075 Unch 1616.4 0.070 21.7
PLANTATIONS 0.185 0.070 0.175 0.170 74 GOCEAN 0.175 Unch 188.1 0.170 291.67 46.1
0.285 0.195 0.210 0.205 7054 AASIA 0.205 -0.005 90 0.209 205.00 135.3 0.100 0.040 0.060 0.060 174 IDMENSN 0.060 Unch 420 0.060 120.00 29.7
19.575 17.198 19.180 18.860 1899 BKAWAN 19.160 -0.020 22.6 19.050 11.03 2.87 8,352.8 0.577 0.227 0.420 0.395 23 IFCAMSC 0.395 -0.015 12882.7 0.411 32.92 1.27 240.3
8.639 8.380 8.500 8.450 5069 BLDPLNT 8.500 UNCH 11 8.496 41.48 0.47 794.8 0.100 0.060 0.065 0.065 94 INIX 0.065 Unch 187 0.065 24.07 16.5
1.697 1.320 1.660 1.640 5254 BPLANT 1.650 UNCH 2353.6 1.651 11.53 8.48 2,640.0 0.240 0.100 0.170 0.165 10 IRIS 0.165 -0.005 2599.5 0.166 407.9
0.953 0.624 0.855 0.825 8982 CEPAT 0.850 0.020 754 0.845 9.45 1.76 270.7 2.290 0.450 2.120 2.050 146 JFTECH 2.080 -0.020 422 2.076 61.90 0.48 262.1
8.350 7.455 7.960 7.960 1929 CHINTEK 7.960 -0.020 1 7.960 40.97 2.39 727.3 3.050 0.594 2.990 2.870 127 JHM 2.960 0.020 700.8 2.928 28.79 732.5
0.545 0.385 0.435 0.425 3948 DUTALND 0.435 UNCH 104.9 0.429 368.1 0.270 0.130 0.200 0.195 111 K1 0.200 -0.005 1662 0.199 103.8
9.100 7.205 5029 FAREAST 8.900 9.20 3.37 1,258.4 0.115 0.025 0.030 0.030 36 KGROUP 0.030 Unch 3953.8 0.030 51.3
2.506 1.412 1.610 1.570 5222 FGV 1.580 -0.010 4400.9 1.588 56.23 0.63 5,764.1 0.900 0.200 0.840 0.810 176 KRONO 0.815 Unch 6654.4 0.825 20.43 220.4
11.679 9.986 10.760 10.640 2291 GENP 10.760 0.060 83.4 10.719 20.23 0.93 8,644.1 0.190 0.045 0.085 0.080 17 M3TECH 0.080 Unch 1150.6 0.080 46.9
0.675 0.500 0.600 0.590 7382 GLBHD 0.590 -0.010 12 0.598 131.5 0.335 0.205 0.335 0.320 75 MEXTER 0.325 Unch 6687.3 0.326 72.4
1.532 1.105 2135 GOPENG 1.300 42.76 3.08 233.1 0.590 0.420 0.455 0.455 155 MGRC 0.455 -0.055 5 0.455 103.41 47.1
0.895 0.750 7501 HARNLEN 0.760 141.0 1.600 0.870 126 MICROLN 0.910 197.83 152.3
2.650 2.300 2.600 2.600 5138 HSPLANT 2.600 UNCH 66.9 2.600 14.68 4.23 2,080.0 0.595 0.306 0.510 0.480 112 MIKROMB 0.490 -0.015 5222.7 0.498 19.84 1.61 211.0
3.616 2.932 2216 IJMPLNT 3.000 22.97 2.33 2,641.7 0.465 0.065 0.155 0.150 85 MLAB 0.155 0.005 33995.7 0.153 30.0
0.734 0.651 0.680 0.670 2607 INCKEN 0.675 -0.005 90 0.673 1.66 284.0 0.200 0.160 0.190 0.185 34 MMAG 0.185 -0.005 663.5 0.189 50.8
1.475 0.605 1.150 1.100 6262 INNO 1.100 -0.120 137.4 1.129 13.85 1.82 526.7 1.830 0.503 1.830 1.720 113 MMSV 1.800 0.050 3084.4 1.785 20.95 1.11 293.4
4.810 4.130 4.470 4.450 1961 IOICORP 4.460 0.010 1848.5 4.460 96.33 2.02 28,026.0 0.245 0.060 0.065 0.060 103 MNC 0.060 -0.005 90.1 0.062 19.35 26.1
25.137 22.501 24.840 24.620 2445 KLK 24.820 0.100 163.7 24.800 20.66 2.01 26,495.5 0.310 0.145 0.275 0.270 156 MPAY 0.275 Unch 13744.4 0.274 195.4
3.500 3.070 3.150 3.150 2453 KLUANG 3.150 -0.070 0.5 3.150 70.47 0.32 199.0 0.735 0.130 0.500 0.400 92 MTOUCHE 0.425 -0.035 45874.7 0.458 386.36 54.1
4.060 3.079 4.000 3.920 5027 KMLOONG 3.970 0.010 52.1 3.954 14.89 3.78 1,237.9 0.874 0.625 0.745 0.745 108 N2N 0.745 0.005 14.5 0.745 28.44 2.68 355.2
0.695 0.491 0.545 0.540 1996 KRETAM 0.545 0.005 61 0.540 31.14 1.83 1,268.6 0.110 0.015 0.045 0.040 20 NETX 0.040 Unch 25870.8 0.044 50.0
1.750 1.160 1.500 1.500 6572 KWANTAS 1.500 UNCH 71 1.500 9.40 467.5 0.065 0.035 0.045 0.040 96 NEXGRAM 0.040 Unch 1828 0.040 75.3
1.550 1.240 1.360 1.250 4936 MALPAC 1.360 0.030 2.5 1.322 130.77 102.0 0.115 0.070 0.075 0.075 26 NOVAMSC 0.075 Unch 239.6 0.075 51.2
0.963 0.777 0.875 0.850 5026 MHC 0.875 0.025 45 0.853 12.29 1.71 172.0 0.685 0.555 0.620 0.605 35 OPCOM 0.605 0.005 506.7 0.614 13.60 97.6
2.388 1.790 1.900 1.790 5047 NPC 1.900 -0.090 7.1 1.855 7.28 0.53 228.0 0.414 0.316 0.355 0.350 40 OPENSYS 0.350 Unch 637.1 0.355 17.24 2.86 104.3
4.239 3.735 4.080 4.080 2038 NSOP 4.080 UNCH 10 4.080 33.04 1.47 286.4 0.380 0.125 0.150 0.135 79 ORION 0.145 -0.005 4241.9 0.141 86.-8
0.315 0.190 0.245 0.230 1902 PINEPAC 0.240 UNCH 91 0.238 36.0 0.090 0.045 0.075 0.070 5 PALETTE 0.070 -0.005 2173.2 0.070 13.73 22.4
1.380 0.920 9695 PLS 1.100 359.4 0.230 0.135 0.195 0.185 123 PRIVA 0.185 -0.005 6577.4 0.189 1.08 103.3
0.550 0.430 0.445 0.440 5113 RSAWIT 0.445 0.005 109.4 0.440 631.2 0.175 0.055 0.125 0.115 7 PUC 0.120 -0.005 6289.7 0.120 48.00 148.3
4.100 3.346 2542 RVIEW 3.660 17.66 1.64 237.4 0.945 0.482 0.920 0.870 106 REXIT 0.900 0.040 1827.6 0.899 22.67 4.44 170.4
3.180 2.900 3.010 3.000 2569 SBAGAN 3.000 -0.010 17.6 3.002 0.67 199.0 0.375 0.218 0.350 0.330 178 SEDANIA 0.335 -0.005 2892.7 0.340 2.99 75.6
0.720 0.505 0.650 0.630 4316 SHCHAN 0.630 0.030 46.6 0.644 18.81 75.6 0.190 0.055 0.125 0.120 60 SKH 0.125 Unch 2460.1 0.121 44.64 69.3
3.965 3.247 3.580 3.540 5126 SOP 3.540 0.010 75.5 3.562 10.21 1.41 2,020.6 0.300 0.155 117 SMRT 0.185 64.9
1.900 1.560 5135 SWKPLNT 1.630 12.61 456.4 0.110 0.025 0.055 0.050 169 SMTRACK 0.055 Unch 931.4 0.050 19.1
0.730 0.540 0.550 0.540 2054 TDM 0.540 -0.015 1022.1 0.546 19.71 0.93 895.3 0.355 0.232 0.330 0.320 93 SOLUTN 0.325 0.005 1378 0.326 12.80 3.08 99.5
1.207 0.998 1.120 1.110 5112 THPLANT 1.120 UNCH 72.5 1.111 5.98 5.36 989.9 0.360 0.080 0.195 0.190 129 SRIDGE 0.190 -0.010 491.3 0.192 23.0
1.977 1.560 1.700 1.670 9059 TSH 1.700 0.030 83.8 1.689 61.82 1.18 2,349.1 0.470 0.155 0.435 0.410 50 SYSTECH 0.415 Unch 14550.9 0.423 48.82 0.72 131.7
6.450 5.330 6.400 6.350 2593 UMCCA 6.390 0.010 9 6.367 15.81 3.13 1,337.5 0.190 0.140 0.145 0.140 132 TDEX 0.140 Unch 477 0.144 116.67 57.8
28.700 25.323 28.300 28.200 2089 UTDPLT 28.200 -0.020 9.6 28.267 15.23 1.42 5,869.4 1.300 0.189 1.190 1.160 120 VIS 1.170 -0.010 515.4 1.171 18.51 0.43 129.5
HOTELS 0.244 0.115 0.140 0.135 69 VIVOCOM 0.135 Unch 10427.7 0.136 12.05 437.2
0.628 0.483 5592 GCE 0.520 3.85 102.4 0.145 0.065 0.100 0.095 66 VSOLAR 0.100 Unch 1160 0.100 37.4
1.000 0.680 0.845 0.830 1643 LANDMRK 0.840 0.010 109.8 0.834 444.3 0.070 0.020 141 WINTONI 0.035 18.0
0.265 0.115 0.140 0.135 1287 PMHLDG 0.140 UNCH 5111.5 0.140 130.0 0.275 0.080 0.220 0.205 86 YGL 0.205 -0.005 1920.4 0.209 47.6
5.295 4.864 5.020 4.950 5517 SHANG 4.950 -0.020 201.4 4.987 27.32 2.83 2,178.0 TRADING SERVICES
TECHNOLOGY 0.400 0.150 122 AIM 0.255 67.8
0.715 0.585 0.630 0.630 7031 AMTEL 0.630 UNCH 4 0.630 30.29 31.0 0.165 0.060 0.110 0.110 48 ANCOMLB 0.110 Unch 60 0.110 52.1
0.420 0.180 0.335 0.320 5195 CENSOF 0.325 0.010 5800.6 0.326 11.36 163.1 0.240 0.120 0.135 0.130 150 ASIABIO 0.130 -0.005 365 0.133 33.33 57.4
0.400 0.105 0.280 0.270 51 CUSCAPI 0.275 0.005 1925.6 0.277 131.8 0.275 0.155 0.195 0.190 187 BCMALL 0.190 -0.005 1237.6 0.194 24.05 80.0
0.729 0.283 0.650 0.625 7204 D&O 0.635 0.010 6872.4 0.639 42.91 633.8 0.404 0.302 0.330 0.330 11 BTECH 0.330 0.005 4 0.330 19.19 4.64 83.2
0.710 0.110 0.455 0.425 8338 DATAPRP 0.425 UNCH 31467.2 0.440 179.1 0.320 0.170 157 FOCUSP 0.220 36.3
0.235 0.150 0.160 0.160 29 DIGISTA 0.160 UNCH 640.1 0.160 10.39 95.9 1.009 0.386 0.930 0.895 185 HSSEB 0.925 0.030 2493.2 0.921 18.61 0.68 295.1
1.578 1.304 1.450 1.430 5162 ECS 1.450 0.030 10.7 1.431 8.74 4.14 261.0 0.900 0.520 147 INNITY 0.730 62.39 101.0
1.230 0.539 1.210 1.180 65 EFORCE 1.190 0.020 365.9 1.192 88.81 1.05 492.3 0.355 0.235 0.250 0.250 180 KTC 0.250 0.005 74 0.250 35.21 127.6
2.950 1.077 2.820 2.740 90 ELSOFT 2.810 0.050 328.2 2.776 21.50 1.42 770.4 0.350 0.130 0.280 0.260 167 MCLEAN 0.270 Unch 251.7 0.272 23.28 48.3
1.870 0.790 1.610 1.540 21 GHLSYS 1.580 0.040 6429.1 1.592 53.92 0.32 1,041.9 0.440 0.275 0.275 0.275 81 MEGASUN 0.275 -0.005 2 0.275 11.90 60.3
0.455 0.210 0.365 0.355 82 GPACKET 0.360 -0.005 1778.5 0.360 5.32 273.1 0.280 0.165 0.205 0.200 153 OVERSEA 0.205 Unch 20.1 0.200 97.62 50.5
0.260 0.175 0.240 0.230 56 GRANFLO 0.240 UNCH 53.9 0.230 2.08 115.9 0.200 0.115 0.170 0.165 177 PASUKGB 0.165 Unch 4544 0.165 133.9
6.350 2.636 6.260 6.220 7022 GTRONIC 6.230 -0.020 765.2 6.239 64.49 0.64 1,774.1 0.380 0.230 6 PINEAPP 0.300 187.50 14.6
0.980 0.510 0.875 0.860 5028 HTPADU 0.875 0.010 101.7 0.866 10.33 5.71 88.6 0.375 0.201 0.360 0.345 171 PLABS 0.350 0.005 3698.8 0.353 20.11 2.00 75.2
2.580 1.980 2.580 2.540 166 INARI 2.550 0.010 4751.1 2.551 24.33 2.45 5,099.1 0.015 0.005 110 RA 0.005 2.63 4.8
0.435 0.075 0.220 0.215 9393 ITRONIC 0.215 UNCH 41.5 0.220 22.1 0.615 0.280 0.430 0.425 32 REDTONE 0.425 Unch 90.3 0.430 322.0
0.688 0.453 0.580 0.570 5161 JCY 0.570 -0.005 520 0.575 83.82 8.77 1,183.8 1.080 0.298 1.010 0.840 173 REV 0.950 0.215 42116.1 0.960 8.54 127.9
16.216 6.298 15.680 15.500 9334 KESM 15.500 -0.180 50.3 15.525 17.24 0.42 666.7 0.726 0.477 0.615 0.600 158 SCC 0.615 0.020 6 0.602 14.14 4.93 86.8
0.180 0.060 0.145 0.130 143 KEYASIC 0.140 -0.005 4311.7 0.138 124.6 0.275 0.160 0.200 0.195 161 SCH 0.195 -0.005 185.1 0.200 108.33 4.36 80.4
14.280 7.086 13.900 13.700 3867 MPI 13.800 0.040 102.8 13.818 14.84 1.96 2,896.4 0.230 0.100 0.180 0.165 140 STERPRO 0.170 Unch 24718.1 0.175 47.5
1.420 0.845 1.420 1.410 5011 MSNIAGA 1.420 0.010 7.2 1.416 21.45 85.8 0.195 0.103 0.195 0.180 80 STRAITS 0.185 0.005 3468.7 0.185 71.15 68.1
1.327 0.343 1.230 1.210 83 NOTION 1.220 UNCH 318 1.221 31.85 2.05 403.4 1.360 0.955 1.290 1.280 89 TEXCYCL 1.280 Unch 7.2 1.287 13.66 0.39 218.6
0.605 0.430 0.465 0.450 9008 OMESTI 0.450 UNCH 268.1 0.456 193.8 0.230 0.100 0.225 0.210 145 TFP 0.215 -0.005 2922.5 0.219 44.1
0.375 0.260 0.290 0.285 41 PANPAGE 0.290 UNCH 198 0.289 77.0 0.165 0.095 0.110 0.105 165 XOX 0.110 0.005 802 0.106 93.7
4.450 0.910 4.330 4.260 7160 PENTA 4.260 -0.060 527.8 4.274 19.86 624.4 FINANCE
0.610 0.250 0.385 0.375 9075 THETA 0.385 0.010 97 0.383 41.3 0.810 0.386 0.670 0.655 53 OSKVI 0.655 0.005 116.1 0.664 4.63 3.05 129.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I 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
0.080 0.080 0.080 0.080 522233 FGV-C33 0.080 Unch 162 1.580 1.800 29.11 30/03/2018
Main Market & Ace Market Warrants 0.090 0.075 0.080 0.075 522237 FGV-C37 0.080 0.005 2434.6 1.580 1.900 31.90 30/01/2018
0.260 0.030 0.210 0.210 0116WC FOCUS-WC 0.210 -0.015 60 0.250 0.050 4.00 06/11/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.095 0.030 9377WA FSBM-WA 0.070 0.220 0.300 68.18 16/05/2022
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.740 0.230 0.550 0.530 9261WB GADANG-WB 0.535 -0.005 1828.2 0.535 1.060 198.13 29/11/2021
0.185 0.020 0.020 0.020 5238C6 AAX-C6 0.020 -0.005 20 0.390 0.380 2.56 16/08/2017 1.480 1.140 1.380 1.360 5398WE GAMUDA-WE 1.360 -0.010 1177.8 5.380 4.050 0.56 06/03/2021
0.165 0.040 0.040 0.040 5238C7 AAX-C7 0.040 Unch 185 0.390 0.430 20.51 31/10/2017 0.140 0.085 5209CW GASMSIA-CW 0.095 2.970 2.850 5.56 18/09/2017
0.320 0.160 0.210 0.205 5238WA AAX-WA 0.205 -0.005 1484 0.390 0.460 70.51 08/06/2020 0.455 0.120 0.365 0.350 5226WA GBGAQRS-WA 0.355 Unch 5696.3 1.580 1.300 4.75 20/07/2018
0.860 0.105 0.650 0.525 0018WA ACCSOFT-WA 0.650 0.120 57.5 0.660 0.100 13.64 18/01/2019 0.500 0.320 3611WA GBH-WA 0.350 1.340 1.000 0.75 07/04/2020
0.120 0.035 0.075 0.075 7146WA AEM-WA 0.075 -0.005 1 0.175 0.250 85.71 17/12/2019 0.330 0.100 0.175 0.165 0078CD GDEX-CD 0.175 Unch 112.4 0.670 0.600 9.14 31/10/2017
0.165 0.005 0.010 0.005 6599CH AEON-CH 0.010 Unch 294 2.120 2.520 20.05 18/09/2017 0.200 0.105 0.115 0.115 0078CE GDEX-CE 0.115 -0.005 40 0.670 0.838 37.87 25/01/2018
0.465 0.110 0.395 0.395 5139CB AEONCR-CB 0.395 -0.010 10 13.600 11.000 0.25 16/10/2017 0.125 0.090 0078CF GDEX-CF 0.090 0.670 0.650 17.16 02/02/2018
0.330 0.050 0.205 0.190 7315WB AHB-WB 0.205 0.015 3117.3 0.305 0.200 32.79 28/08/2019 0.095 0.055 0078CG GDEX-CG 0.070 0.670 0.800 31.94 22/01/2018
0.175 0.085 0.155 0.150 509942 AIRASIAC42 0.150 -0.025 1000 3.260 2.700 1.23 28/08/2017 0.572 0.117 0.475 0.465 0078WB GDEX-WB 0.465 -0.010 188.4 0.670 0.383 26.49 05/02/2020
0.180 0.075 0.115 0.115 509943 AIRASIAC43 0.115 0.005 15 3.260 2.880 2.45 28/08/2017 0.300 0.130 0.245 0.230 471524 GENM-C24 0.245 0.015 50.1 6.100 5.500 4.22 29/12/2017
0.115 0.095 509944 AIRASIAC44 0.115 3.260 3.080 5.06 28/08/2017 1.950 1.240 1.730 1.690 3182WA GENTING-WA 1.730 0.030 844 9.750 7.960 -0.62 18/12/2018
0.330 0.070 0.250 0.235 509947 AIRASIAC47 0.240 Unch 669 3.260 2.600 1.84 31/10/2017 0.230 0.070 0.120 0.115 1147WA GOB-WA 0.115 -0.005 156.8 0.370 0.800 147.30 24/12/2019
0.190 0.075 0.095 0.090 509948 AIRASIAC48 0.090 -0.005 60 3.260 3.000 1.69 16/08/2017 0.085 0.025 0.055 0.055 0074WA GOCEAN-WA 0.055 -0.005 214.5 0.175 0.340 125.71 07/08/2019
0.210 0.120 509950 AIRASIAC50 0.140 3.260 2.850 8.90 29/12/2017 0.055 0.025 0.035 0.030 7096WA GPA-WA 0.035 Unch 180.1 0.095 0.100 42.11 03/06/2025
0.370 0.205 509951 AIRASIAC51 0.325 3.260 2.600 9.66 31/10/2017 0.275 0.095 0.175 0.170 7676WB GUNUNG-WB 0.170 Unch 90 0.440 0.400 29.55 02/10/2020
0.235 0.110 0.135 0.125 509952 AIRASIAC52 0.130 -0.005 1288.4 3.260 3.200 10.12 31/10/2017 0.460 0.110 3034CU HAPSENG-CU 0.325 9.050 7.650 -1.10 30/08/2017
0.200 0.090 0.135 0.135 509953 AIRASIAC53 0.135 Unch 150 3.260 3.200 10.58 02/02/2018 0.380 0.190 0.220 0.220 2062WC HARBOUR-WC 0.220 Unch 1.2 0.675 1.560 163.70 03/04/2021
0.180 0.060 0.085 0.075 509954 AIRASIAC54 0.085 0.005 1833.9 3.260 3.600 17.47 31/10/2017 0.165 0.135 0.140 0.140 5168CZ HARTA-CZ 0.140 0.005 300 6.970 7.500 18.65 12/02/2018
0.150 0.085 509955 AIRASIAC55 0.095 3.260 4.000 30.57 29/12/2017 0.745 0.310 0.745 0.580 4324CA HENGYUAN-CA 0.715 0.165 38191.1 7.780 6.000 50.64 22/02/2018
0.210 0.135 0.165 0.165 509956 AIRASIAC56 0.165 0.005 18 3.260 2.900 10.21 29/12/2017 1.510 0.830 1.510 1.410 5095WB HEVEA-WB 1.490 0.070 1283.3 1.740 0.250 0.00 28/02/2020
0.165 0.120 0.140 0.135 5014CU AIRPORT-CU 0.140 0.005 81 8.750 9.500 15.77 22/01/2018 0.220 0.075 0.170 0.165 5072WB HIAPTEK-WB 0.170 Unch 3408.2 0.375 0.500 78.67 23/06/2021
0.420 0.160 0.310 0.300 7609WA AJIYA-WA 0.310 Unch 223.1 0.770 0.920 59.74 28/08/2021 0.530 0.265 0.320 0.315 5169WA HOHUP-WA 0.320 Unch 45 0.745 0.600 23.49 21/12/2018
0.135 0.115 0.120 0.120 1015C1 AMBANK-C1 0.120 -0.005 50 4.980 5.000 7.63 30/04/2018 0.390 0.270 0.330 0.315 5160WA HOMERIZ-WA 0.320 -0.010 30 0.975 0.920 27.18 09/07/2020
0.610 0.085 0.305 0.300 1015CX AMBANK-CX 0.300 Unch 53 4.980 4.150 -1.61 29/09/2017 0.230 0.115 0.165 0.165 7213WB HOVID-WB 0.165 Unch 333 0.335 0.180 2.99 05/06/2018
0.440 0.150 0.155 0.150 1015CY AMBANK-CY 0.155 -0.005 219.5 4.980 5.000 8.18 31/10/2017 0.050 0.010 0.010 0.010 7013WA HUBLINE-WA 0.010 Unch 12.4 0.060 3.200 5,250 04/11/2019
0.100 0.030 1015CZ AMBANK-CZ 0.035 4.980 6.000 24.35 30/11/2017 0.235 0.155 0.180 0.165 4251WA IBHD-WA 0.165 -0.005 68 0.585 1.410 169.23 08/10/2019
0.045 0.005 0.010 0.005 0159WA AMEDIA-WA 0.010 Unch 654 0.085 1.100 1,206 02/01/2018 0.380 0.230 0.265 0.260 9687WB IDEALUBB-WB 0.265 Unch 11.3 0.800 1.000 58.13 30/03/2021
0.315 0.140 0.155 0.145 6556CC ANNJOO-CC 0.155 0.005 181.1 3.000 2.800 11.42 31/10/2017 0.280 0.070 0.240 0.240 0166C1 INARI-C1 0.240 0.010 82 2.550 2.100 1.18 29/09/2017
0.270 0.115 0.120 0.115 6556CD ANNJOO-CD 0.120 Unch 130 3.000 3.000 14.00 08/12/2017 0.250 0.075 0.245 0.235 0166C2 INARI-C2 0.235 0.005 635 2.550 2.150 2.75 08/12/2017
0.135 0.120 6556CE ANNJOO-CE 0.120 3.000 3.100 21.33 02/02/2018 0.155 0.130 0.150 0.150 0166C3 INARI-C3 0.150 0.015 100 2.550 2.600 15.49 30/01/2018
0.275 0.040 0.050 0.050 9342WA ANZO-WA 0.050 -0.005 30 0.105 0.250 185.71 19/11/2019 0.335 0.130 0166CY INARI-CY 0.320 2.550 1.700 -8.24 16/08/2017
0.265 0.045 0.060 0.060 9342WB ANZO-WB 0.060 -0.005 50 0.105 0.250 195.24 25/08/2023 0.525 0.165 0.500 0.500 0166CZ INARI-CZ 0.500 Unch 10 2.550 1.800 0.00 29/12/2017
0.035 0.010 0.020 0.020 5194WA APFT-WA 0.020 Unch 101 0.045 0.400 833.33 13/07/2018 0.280 0.235 16601 INARI-MC01 0.280 2.550 2.150 6.27 14/12/2017
0.335 0.090 0.240 0.240 0119WA APPASIA-WA 0.240 Unch 35 0.350 0.130 5.71 23/12/2024 2.500 1.351 0166WA INARI-WA 2.500 2.550 0.132 3.22 04/06/2018
0.090 0.030 7007WB ARK-WB 0.090 0.475 1.000 129.47 30/06/2021 1.800 1.300 1.760 1.720 0166WB INARI-WB 1.740 0.010 121.5 2.550 0.800 -0.39 17/02/2020
0.255 0.100 0.120 0.120 521024 ARMADA-C24 0.120 Unch 273.9 0.695 0.600 3.60 30/11/2017 0.045 0.015 0094WA INIX-WA 0.025 0.065 0.100 92.31 16/11/2020
0.100 0.025 0.025 0.025 521026 ARMADA-C26 0.025 Unch 400 0.695 0.880 30.58 31/10/2017 0.545 0.160 0.470 0.455 3379WB INSAS-WB 0.460 0.005 1207.7 1.040 1.000 40.38 25/02/2020
0.100 0.025 521027 ARMADA-C27 0.025 0.695 0.835 23.74 02/02/2018 0.180 0.060 0.060 0.060 196113 IOICORP-C13 0.060 Unch 100 4.460 4.400 2.69 31/10/2017
0.100 0.070 521028 ARMADA-C28 0.070 0.695 0.750 18.99 30/01/2018 0.070 0.020 0.045 0.035 7183WA IRETEX-WA 0.040 -0.005 56.8 0.165 0.800 409.09 10/06/2019
0.350 0.060 0.080 0.075 0068WB ASDION-WB 0.075 -0.005 77 0.180 0.500 219.44 24/03/2019 0.070 0.020 0.060 0.060 0024WA JAG-WA 0.060 Unch 4601 0.150 0.100 6.67 14/08/2019
0.110 0.045 0.060 0.060 0150WA ASIABIO-WA 0.060 Unch 1.5 0.130 0.300 176.92 19/04/2024 0.380 0.105 5161C1 JCY-C1 0.270 0.570 0.550 20.18 18/08/2017
0.090 0.070 4057WB ASIAPAC-WB 0.085 0.155 0.250 116.13 25/05/2022 0.120 0.035 0.035 0.035 5161C2 JCY-C2 0.035 Unch 1152.5 0.570 0.635 17.54 16/10/2017
0.155 0.055 0.095 0.090 0105WA ASIAPLY-WA 0.090 Unch 60 0.180 0.100 5.56 13/12/2020 0.170 0.045 0.085 0.080 9083WB JETSON-WB 0.080 Unch 332.4 0.280 0.750 196.43 06/02/2019
0.090 0.040 0.055 0.050 6399C3 ASTRO-C3 0.055 0.010 60 2.620 2.900 14.89 22/12/2017 0.110 0.060 8923WA JIANKUN-WA 0.080 0.275 0.320 45.45 23/12/2021
0.055 0.035 6399C4 ASTRO-C4 0.040 2.620 3.000 18.78 28/12/2017 0.830 0.205 0.655 0.625 7167WA JOHOTIN-WA 0.650 0.040 52.6 1.500 0.850 0.00 21/11/2017
0.765 0.095 0.235 0.220 7099WB ATTA-WB 0.225 -0.005 338 1.040 1.000 17.79 09/05/2022 0.090 0.015 0.015 0.015 4383CN JTIASA-CN 0.015 Unch 150 1.130 1.350 21.46 16/10/2017
0.260 0.070 0.110 0.105 688815 AXIATA-C15 0.110 0.025 6.5 4.800 4.650 3.75 31/10/2017 0.225 0.110 0.145 0.140 0170WA KANGER-WA 0.145 -0.005 20 0.220 0.100 11.36 13/04/2020
0.730 0.210 0.585 0.580 7078WA AZRB-WA 0.585 0.005 130.3 1.110 0.700 15.77 13/05/2024 0.105 0.040 0.045 0.045 5247C1 KAREX-C1 0.045 Unch 100 1.580 1.950 31.96 28/12/2017
0.120 0.025 0.025 0.025 5248CR BAUTO-CR 0.025 -0.005 823 1.940 2.100 10.82 29/12/2017 0.075 0.055 0.060 0.055 5247C2 KAREX-C2 0.060 -0.015 52.3 1.580 1.900 29.75 02/02/2018
0.070 0.045 0.050 0.045 5248CS BAUTO-CS 0.050 Unch 91 1.940 2.100 13.40 08/01/2018 0.115 0.005 0.005 0.005 5247CW KAREX-CW 0.005 -0.010 35 1.580 2.100 33.86 29/09/2017
0.120 0.095 524801 BAUTO-MC01 0.095 1.940 2.150 20.62 14/12/2017 0.035 0.010 0.025 0.020 3115WC KBUNAI-WC 0.020 Unch 185.1 0.060 0.131 151.67 20/10/2023
0.170 0.100 0.110 0.105 7241WA BHS-WA 0.105 Unch 90 0.380 0.600 85.53 18/10/2020 0.475 0.070 0.415 0.410 7161CA KERJAYA-CA 0.410 -0.015 43 3.570 2.600 1.54 29/09/2017
0.160 0.055 5258CU BIMB-CU 0.055 4.460 4.500 5.83 18/09/2017 0.155 0.070 0.130 0.130 7161CB KERJAYA-CB 0.130 Unch 50 3.570 3.350 10.22 30/11/2017
0.450 0.260 0.345 0.335 5258WA BIMB-WA 0.345 0.010 126.8 4.460 4.720 13.57 04/12/2023 0.200 0.120 0.175 0.175 7161CD KERJAYA-CD 0.175 0.005 60 3.570 3.400 12.39 25/01/2018
0.155 0.070 0.095 0.095 6998WA BINTAI-WA 0.095 -0.005 245 0.205 0.200 43.90 15/06/2020 0.490 0.065 0.410 0.400 0151WA KGB-WA 0.400 -0.010 241.3 0.655 0.500 37.40 12/06/2019
0.230 0.095 0.145 0.140 0179WA BIOHLDG-WA 0.145 0.005 439.4 0.240 0.220 52.08 05/01/2022 0.035 0.003 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 5 0.030 0.100 266.67 02/07/2018
0.160 0.060 0.085 0.080 3395WB BJCORP-WB 0.085 0.005 175.5 0.330 1.000 228.79 22/04/2022 0.030 0.010 0.015 0.010 0036WB KGROUP-WB 0.015 Unch 114 0.030 0.050 116.67 01/05/2020
0.175 0.050 0.100 0.095 3395WC BJCORP-WC 0.095 -0.005 800 0.330 1.000 231.82 29/05/2026 0.155 0.120 0.135 0.125 5027CA KMLOONG-CA 0.135 -0.020 140 3.970 3.700 3.40 16/10/2017
1.160 0.650 5196WA BJFOOD-WA 0.660 1.400 0.700 -2.86 08/08/2017 0.150 0.070 0.085 0.070 7164WB KNM-WB 0.080 0.005 162.4 0.240 1.000 350.00 21/04/2020
0.370 0.035 0.330 0.320 7187WA BKOON-WA 0.325 -0.005 1840.1 0.525 0.200 0.00 07/07/2023 0.160 0.070 0.090 0.085 7017WB KOMARK-WB 0.090 Unch 123.1 0.250 0.300 56.00 21/01/2020
0.084 0.040 0.045 0.040 7036WB BORNOIL-WB 0.040 -0.005 105 0.105 0.060 -4.76 28/02/2018 0.120 0.030 0.090 0.090 7153CQ KOSSAN-CQ 0.090 Unch 43.1 7.280 6.800 0.82 18/08/2017
0.081 0.040 0.045 0.045 7036WC BORNOIL-WC 0.045 Unch 253.7 0.105 0.070 9.52 08/11/2025 1.400 0.410 1.290 1.250 5878WB KPJ-WB 1.290 Unch 125.9 4.220 4.010 25.59 23/01/2019
0.065 0.045 0.045 0.045 7036WD BORNOIL-WD 0.045 Unch 717.6 0.105 0.070 9.52 29/05/2027 0.130 0.055 0.055 0.055 5789CA LBS-CA 0.055 -0.005 60 1.970 2.100 12.18 24/11/2017
0.660 0.450 0.515 0.515 6297WA BOXPAK-WA 0.515 -0.005 5 1.610 2.040 58.70 13/03/2022 0.835 0.370 0.690 0.690 5789WB LBS-WB 0.690 Unch 31.5 1.970 1.250 -1.52 04/10/2020
0.435 0.060 0.305 0.290 181811 BURSA-C11 0.305 0.015 630.5 10.580 8.900 -1.47 30/11/2017 0.035 0.015 0.035 0.030 5284CA LCTITAN-CA 0.030 Unch 4674.4 4.400 6.800 57.27 12/02/2018
0.315 0.095 0.130 0.130 181812 BURSA-C12 0.130 0.015 159 10.580 10.500 4.77 30/11/2017 0.080 0.015 0.025 0.020 5284CB LCTITAN-CB 0.025 Unch 10665.2 4.400 7.800 79.55 12/02/2018
0.150 0.090 0.130 0.120 181813 BURSA-C13 0.125 0.010 218.6 10.580 10.500 5.15 30/03/2018 0.265 0.050 0.060 0.055 5284CD LCTITAN-CD 0.055 -0.005 530 4.400 6.500 51.48 30/01/2018
0.812 0.303 0.770 0.740 7174WA CAB-WA 0.755 -0.015 243.1 0.955 0.550 36.65 08/02/2020 0.465 0.100 0.150 0.130 5284CE LCTITAN-CE 0.130 -0.010 12652.6 4.400 5.500 33.86 30/01/2018
0.160 0.030 0.030 0.030 7076CD CBIP-CD 0.030 Unch 5 2.030 2.000 1.48 18/08/2017 0.120 0.015 0.035 0.025 5284CF LCTITAN-CF 0.030 -0.005 7134.1 4.400 6.280 47.50 30/01/2018
0.220 0.045 0.145 0.135 5195WB CENSOF-WB 0.140 0.010 2168.7 0.325 0.460 84.62 07/10/2019 0.095 0.020 0.040 0.035 5284CG LCTITAN-CG 0.035 Unch 1223 4.400 6.500 52.50 30/04/2018
0.335 0.135 0.280 0.280 102320 CIMB-C20 0.280 -0.020 10 6.600 5.500 0.30 29/09/2017 0.095 0.020 0.060 0.060 5068WA LUSTER-WA 0.060 Unch 40 0.120 0.100 33.33 03/06/2022
0.310 0.100 0.205 0.200 102321 CIMB-C21 0.205 0.005 102 6.600 6.200 4.81 31/10/2017 0.095 0.020 0.060 0.060 5068WB LUSTER-WB 0.060 Unch 472.3 0.120 0.100 33.33 26/05/2023
0.335 0.150 0.255 0.255 102322 CIMB-C22 0.255 -0.005 2 6.600 5.700 1.82 24/11/2017 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 0.005 1396 0.080 0.100 75.00 21/08/2019
0.155 0.085 0.125 0.120 102324 CIMB-C24 0.125 0.005 556 6.600 7.000 13.64 28/12/2017 0.750 0.275 0.600 0.600 7617WB MAGNA-WB 0.600 -0.020 10 1.500 0.900 0.00 04/09/2020
0.165 0.165 0.165 0.165 102326 CIMB-C26 0.165 Unch 30 6.600 6.880 16.74 26/04/2018 0.265 0.120 0.125 0.120 8583WB MAHSING-WB 0.125 -0.005 1030.7 1.570 1.440 -0.32 16/03/2018
0.205 0.035 0.120 0.120 0102WB CONNECT-WB 0.120 Unch 2 0.210 0.100 4.76 07/06/2021 0.170 0.085 0.135 0.125 8583WC MAHSING-WC 0.135 Unch 32.6 1.570 2.100 42.36 21/02/2020
0.250 0.025 0.155 0.150 0051WA CUSCAPI-WA 0.150 Unch 549.4 0.275 0.270 52.73 24/04/2018 0.095 0.075 0.075 0.075 5264C1 MALAKOF-C1 0.075 -0.020 50 1.020 1.000 12.75 30/01/2018
0.470 0.310 0.340 0.310 5276WA DANCO-WA 0.325 -0.020 70.2 0.565 0.300 10.62 22/05/2022 0.100 0.010 0.010 0.010 5264CW MALAKOF-CW 0.010 -0.005 29.8 1.020 1.200 19.61 29/09/2017
0.035 0.005 0.010 0.010 7179WB DBE-WB 0.010 Unch 62.5 0.030 0.050 100.00 22/01/2022 0.990 0.085 0.440 0.395 6181WB MALTON-WB 0.415 0.010 9763 1.080 1.000 31.02 29/06/2018
0.030 0.005 0.010 0.010 0152WA DGB-WA 0.010 Unch 650.1 0.050 0.110 140.00 22/04/2018 0.135 0.120 0.130 0.120 5236CH MATRIX-CH 0.125 Unch 70 2.740 2.700 7.66 22/12/2017
0.095 0.060 0.085 0.085 727714 DIALOG-C14 0.085 0.025 12.5 1.940 2.000 11.86 31/10/2017 0.630 0.350 0.500 0.495 5236WA MATRIX-WA 0.500 0.010 72 2.740 2.400 5.84 20/07/2020
0.105 0.060 0.075 0.075 727715 DIALOG-C15 0.075 Unch 300 1.940 1.850 6.96 31/10/2017 0.110 0.100 0.110 0.110 6012C1 MAXIS-C1 0.110 Unch 81 5.760 6.000 11.81 26/02/2018
0.100 0.020 0.035 0.035 694719 DIGI-C19 0.035 Unch 50 4.820 5.100 7.26 02/02/2018 0.190 0.005 0.010 0.005 6012CW MAXIS-CW 0.010 Unch 370 5.760 6.000 4.77 29/09/2017
0.165 0.050 0.085 0.085 0029WB DIGISTA-WB 0.085 -0.005 4.5 0.160 0.260 115.63 04/04/2023 0.100 0.030 0.040 0.040 6012CZ MAXIS-CZ 0.040 Unch 100 5.760 6.300 12.15 30/11/2017
0.370 0.045 0.285 0.270 4456WD DNEX-WD 0.275 -0.010 21941.4 0.560 0.500 38.39 30/07/2021 0.015 0.005 0.005 0.005 5189WA MAXWELL-WA 0.005 Unch 50 0.020 0.400 1,925 24/03/2020
0.140 0.060 0.085 0.085 7114WA DNONCE-WA 0.085 -0.010 79.4 0.285 0.250 17.54 25/11/2020 0.190 0.120 0.145 0.135 115531 MAYBANKC31 0.145 Unch 36 9.640 9.500 3.06 28/02/2018
0.145 0.055 0.070 0.070 5265WA DOLPHIN-WA 0.070 0.005 874.2 0.240 0.800 262.50 29/03/2021 0.585 0.350 0.460 0.460 5152WA MBL-WA 0.460 -0.030 13 1.060 0.800 18.87 28/11/2022
0.070 0.035 0.045 0.045 7198WB DPS-WB 0.045 Unch 649.9 0.090 0.100 61.11 15/01/2025 0.230 0.100 0.120 0.120 1171C2 MBSB-C2 0.120 Unch 0.1 1.250 1.300 13.60 02/02/2018
0.260 0.030 0.075 0.065 161926 DRBHCOMC26 0.070 -0.005 2049.9 1.670 1.550 -0.90 30/08/2017 0.090 0.035 0.040 0.035 1171CY MBSB-CY 0.035 -0.005 960.2 1.250 1.250 8.40 29/09/2017
0.180 0.030 0.040 0.035 161927 DRBHCOMC27 0.040 Unch 225.6 1.670 1.700 6.59 22/08/2017 0.080 0.035 0.035 0.035 1171CZ MBSB-CZ 0.035 Unch 700 1.250 1.450 23.00 30/11/2017
0.380 0.115 0.280 0.280 161930 DRBHCOMC30 0.280 Unch 30 1.670 1.100 -0.60 30/11/2017 0.260 0.040 0.140 0.135 0167WB MCLEAN-WB 0.140 Unch 87.2 0.270 0.250 44.44 07/10/2020
0.180 0.060 0.080 0.075 161932 DRBHCOMC32 0.080 Unch 1965.1 1.670 1.450 0.24 30/08/2017 0.365 0.140 0.220 0.210 1694WB MENANG-WB 0.220 Unch 388.9 0.860 1.000 41.86 09/07/2019
0.195 0.060 0.095 0.090 161933 DRBHCOMC33 0.095 Unch 5785 1.670 1.650 10.18 31/10/2017 0.220 0.095 0.220 0.195 0075WA MEXTER-WA 0.200 -0.005 7159.2 0.325 0.130 1.54 17/09/2018
0.170 0.095 0.105 0.095 161936 DRBHCOMC36 0.105 Unch 1233.2 1.670 1.900 26.35 29/12/2017 2.330 0.425 1.960 1.940 3069WA MFCB-WA 1.950 -0.070 18.4 3.820 2.220 9.16 08/04/2020
0.125 0.080 0.095 0.085 161937 DRBHCOMC37 0.095 -0.005 127.2 1.670 1.850 22.16 30/03/2018 0.050 0.020 0.045 0.040 7219WA MINETEC-WA 0.045 0.005 240 0.135 0.150 44.44 27/11/2019
0.050 0.040 0.040 0.040 161941 DRBHCOMC41 0.040 -0.005 890 1.670 2.150 35.93 30/03/2018 0.355 0.175 0.195 0.180 5576WC MINHO-WC 0.195 Unch 51.2 0.540 0.500 28.70 02/08/2021
0.135 0.045 0.050 0.050 5216CV DSONIC-CV 0.050 Unch 295 1.180 1.300 18.64 31/10/2017 0.220 0.040 0.050 0.045 381610 MISC-C10 0.045 0.005 50 7.370 7.700 7.04 30/08/2017
0.070 0.060 0.065 0.065 5216CY DSONIC-CY 0.065 Unch 450 1.180 1.300 21.19 30/03/2018 0.115 0.090 0.105 0.095 381612 MISC-C12 0.095 0.005 93.6 7.370 7.500 5.63 30/03/2018
0.320 0.120 0.180 0.170 3417WB E&O-WB 0.180 0.005 107.1 1.620 2.600 71.60 21/07/2019 0.625 0.365 0.515 0.515 9571WD MITRA-WD 0.515 0.005 61.5 1.350 1.090 18.89 23/08/2020
0.195 0.090 0.140 0.140 3557WC ECOFIRS-WC 0.140 Unch 23.7 0.290 0.300 51.72 10/09/2019 1.125 0.645 0.690 0.645 6114WB MKH-WB 0.690 -0.010 48.8 2.220 1.550 0.90 29/12/2017
0.190 0.095 0.105 0.095 8206CF ECOWLD-CF 0.100 -0.005 846 1.530 1.600 14.38 02/02/2018 0.115 0.020 0.050 0.045 0085WA MLAB-WA 0.045 Unch 2057.1 0.155 0.100 -6.45 24/04/2020
0.170 0.080 0.095 0.085 8206CG ECOWLD-CG 0.085 -0.010 1038 1.530 1.500 9.15 30/11/2017 0.880 0.230 0.775 0.760 7595WA MLGLOBAL-WA0.775 -0.015 57.3 1.250 0.500 2.00 27/10/2019
0.175 0.070 0.080 0.075 8206CH ECOWLD-CH 0.075 -0.005 200 1.530 1.600 11.93 08/12/2017 0.055 0.020 0.030 0.030 0103WA MNC-WA 0.030 -0.005 300 0.060 0.100 116.67 05/11/2021
0.710 0.365 0.510 0.485 8206WA ECOWLD-WA 0.485 Unch 58 1.530 2.080 67.65 26/03/2022 0.070 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 68.1 0.050 0.100 150.00 21/11/2021
0.140 0.045 0.055 0.050 0107WA EDUSPEC-WA 0.055 0.005 1002.9 0.135 0.180 74.07 24/12/2018 0.135 0.020 0.025 0.025 165115 MRCB-C15 0.025 Unch 350.7 1.210 1.800 51.86 24/11/2017
0.945 0.360 0.845 0.825 0065WA EFORCE-WA 0.835 0.015 169.9 1.190 0.340 -1.26 17/07/2019 0.155 0.055 0.060 0.060 165117 MRCB-C17 0.060 0.005 259 1.210 1.540 37.19 28/02/2018
0.670 0.415 0.430 0.425 8907WC EG-WC 0.425 Unch 80 0.820 0.500 12.80 03/11/2020 0.110 0.035 0.045 0.045 165118 MRCB-C18 0.045 0.005 341 1.210 1.700 47.93 28/02/2018
0.140 0.025 0.040 0.030 8877CA EKOVEST-CA 0.040 0.005 10116.6 1.120 1.600 48.21 08/12/2017 0.115 0.095 0.115 0.105 165122 MRCB-C22 0.115 0.015 230 1.210 1.350 30.58 26/04/2018
0.090 0.045 0.065 0.060 8877CC EKOVEST-CC 0.060 Unch 4347.6 1.120 1.300 29.46 28/12/2017 0.390 0.005 0.005 0.005 1651C9 MRCB-C9 0.005 Unch 100 1.210 1.450 20.25 30/08/2017
0.110 0.105 0.110 0.105 8877CD EKOVEST-CD 0.105 Unch 235 1.120 1.150 21.43 22/02/2018 0.175 0.085 0.095 0.090 1651WA MRCB-WA 0.090 Unch 3095.5 1.210 2.300 97.52 14/09/2018
0.085 0.035 0.050 0.050 887701 EKOVEST-MC010.050 Unch 95 1.120 1.400 33.93 14/12/2017 0.080 0.010 0.020 0.015 0092WA MTOUCHE-WA 0.015 Unch 1613.7 0.425 1.260 200.00 17/01/2018
1.350 0.247 0.845 0.800 8877WB EKOVEST-WB 0.820 0.030 6641.8 1.120 0.480 16.07 25/06/2019 0.220 0.030 0.125 0.110 0092WB MTOUCHE-WB 0.115 Unch 1569.8 0.425 0.540 54.12 16/03/2020
0.630 0.310 0.415 0.410 5056WA ENGTEX-WA 0.410 -0.005 521.3 1.250 0.830 -0.80 25/10/2017 0.370 0.105 0.225 0.200 5703CD MUHIBAH-CD 0.225 0.045 256.2 2.820 2.600 2.84 29/12/2017
0.450 0.265 0.275 0.265 5283WA EWINT-WA 0.270 -0.005 2655.6 1.080 1.450 59.26 02/04/2022 0.160 0.140 0.155 0.155 5703CE MUHIBAH-CE 0.155 0.015 25 2.820 3.300 26.37 12/02/2018
0.570 0.100 0.500 0.495 7047WB FAJAR-WB 0.500 0.010 736.6 0.930 0.700 29.03 24/09/2019 0.190 0.075 0.100 0.090 13815 MYEG-C15 0.100 Unch 326.9 2.100 2.000 9.05 29/09/2017
0.180 0.115 0.140 0.140 06501R FBMKLCI-C1R 0.140 0.005 60 1,771 1,670 -0.22 29/09/2017 0.255 0.100 0.130 0.125 13816 MYEG-C16 0.125 Unch 393 2.100 2.000 7.14 02/02/2018
0.120 0.070 0.080 0.080 06501U FBMKLCI-C1U 0.080 Unch 20 1,771 1,715 -0.05 31/10/2017 0.095 0.060 0.060 0.060 13819 MYEG-C19 0.060 -0.005 20 2.100 2.650 33.90 29/12/2017
0.350 0.225 0.230 0.225 06501V FBMKLCI-C1V 0.230 -0.015 360 1,771 1,760 2.58 29/09/2017 0.070 0.070 0.070 0.070 13821 MYEG-C21 0.070 Unch 50 2.100 2.280 21.90 30/03/2018
0.505 0.500 06501W FBMKLCI-C1W 0.505 1,771 1,680 1.94 29/09/2017 0.195 0.065 0.100 0.095 0138C7 MYEG-C7 0.095 -0.010 260 2.100 1.867 0.95 22/08/2017
0.080 0.040 0.040 0.040 06501X FBMKLCI-C1X 0.040 Unch 5 1,771 1,765 1.19 30/11/2017 0.480 0.115 0.345 0.340 0138C8 MYEG-C8 0.340 -0.025 600 2.100 1.567 1.59 31/10/2017
0.060 0.030 0.030 0.030 06503A FBMKLCI-C3A 0.030 -0.005 100 1,771 1,785 1.92 29/12/2017 0.065 0.005 0.025 0.020 0020WB NETX-WB 0.025 Unch 570.1 0.040 0.050 87.50 08/06/2019
0.160 0.050 0.050 0.050 06502Z FBMKLCI-H2Z 0.050 -0.010 20 1,771 1,765 1.59 30/11/2017 0.030 0.015 0.025 0.020 0096WA NEXGRAM-WA 0.025 Unch 926.9 0.040 0.100 212.50 16/05/2022
0.135 0.115 0.115 0.115 06504D FBMKLCI-H4D 0.115 -0.005 155 1,771 1,800 6.13 31/01/2018 0.025 0.010 0.015 0.015 0096WB NEXGRAM-WB 0.015 Unch 80 0.040 0.260 587.50 21/07/2023
0.160 0.005 522221 FGV-C21 0.005 1.580 2.550 62.03 30/08/2017 0.415 0.190 0.320 0.310 0172WA OCK-WA 0.310 -0.010 876.9 0.900 0.710 13.33 15/12/2020
0.070 0.020 0.020 0.020 522225 FGV-C25 0.020 -0.005 9.6 1.580 2.600 68.35 31/10/2017 0.185 0.165 0.170 0.170 5201CA OLDTOWN-CA 0.170 Unch 7.5 2.780 2.800 19.06 02/02/2018
0.135 0.020 0.025 0.020 522226 FGV-C26 0.025 Unch 370.2 1.580 2.200 43.35 31/10/2017 0.280 0.045 0.055 0.055 9008WB OMESTI-WB 0.055 Unch 10 0.450 0.500 23.33 30/05/2018
0.085 0.010 0.020 0.015 522227 FGV-C27 0.020 Unch 4103.1 1.580 2.450 58.23 16/10/2017 0.370 0.195 0.270 0.265 5053WC OSK-WC 0.265 -0.005 65.9 1.600 1.800 29.06 22/07/2020
0.155 0.045 522228 FGV-C28 0.050 1.580 2.050 37.66 02/02/2018 0.230 0.080 0.215 0.200 7052CI PADINI-CI 0.200 -0.020 402 3.740 2.800 1.60 29/09/2017
0.130 0.055 0.080 0.060 522229 FGV-C29 0.060 Unch 301 1.580 2.100 42.41 08/01/2018 0.280 0.180 0.255 0.240 7052CK PADINI-CK 0.240 -0.020 315 3.740 3.200 4.81 28/02/2018
0.195 0.110 0.115 0.110 522230 FGV-C30 0.110 -0.005 422.6 1.580 1.600 20.76 28/12/2017 0.175 0.155 0.175 0.155 7052CM PADINI-CM 0.160 Unch 720 3.740 3.750 15.24 22/02/2018
0.145 0.100 0.110 0.105 522231 FGV-C31 0.110 0.005 650 1.580 1.630 20.57 30/03/2018 0.050 0.025 0.035 0.035 0005WA PALETTE-WA 0.035 Unch 1994.5 0.070 0.040 7.14 20/03/2018
0.150 0.110 0.115 0.115 522232 FGV-C32 0.115 0.005 100 1.580 1.650 22.63 30/01/2018 0.300 0.080 0.255 0.245 5125WA PANTECH-WA 0.250 0.005 2004 0.670 0.500 11.94 21/12/2020
FRIDAY AUG U S T 4 , 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 Nikkei falls, hit by tech shares
after Apple eect fades
TOKYO: Japans Nikkei Share Average
fell yesterday as investors wasted little
time taking profits in tech shares which
rallied the previous day on Apples strong
quarterly earnings.
The Nikkei ended 0.25% or 50.78 points
lower at 20,029.26.
The Japanese market rose ahead of US
markets after Apples earnings so investors
were quick to lock in gains, said Norihiro
Fujito, a senior investment strategist at
Mitsubishi UFJ Morgan Stanley Securities.
Although Apple surged overnight, other
US tech stocks were weak, and thats why
investors quickly decided that the overall
market would not continue to benefit from
the Apple effect and Japanese companies
like Tokyo Electron fell on Wednesday,
Fujito added.
Chip equipment maker Tokyo Electron
Ltd shed 2.4%, while Advantest Corp
stumbled 2.9%.
Bucking the trend, ANA Holdings Inc
soared 5.4% after Japans biggest airline
by revenue said its first-quarter operating
profit rose 80% due to brisk business on
international routes and after taking control
of low-cost arm Peach Aviation Ltd.
Market reaction was muted to Prime
Minister Shinzo Abes reshuffled of his
cabinet yesterday, as he attempted to regain
public support hurt by a series of scandals.
The correlation between opinion polls
and Japanese stocks is seen weak for
now, said Takuya Takahashi, a strategist
at Daiwa Securities, adding that unless
Abes support rate declined sharply from
the current level, the impact from political
developments on the Japanese market
should be limited.
Abe had until recently been seen as
likely to win a third term as head of his ruling
Liberal Democratic Party, guaranteeing
him the premiership and putting him on
track to be Japans longest-serving prime
minister.
But his support has fallen below 30% in
the recent polls, hit by opposition-fanned
suspicions of Abes favouritism to a friend,
as well as voter perceptions that he and
his aides have grown arrogant in office.
The broader Topix ended nearly flat at
1,633.82.
US Dow cracks 22,000, Apple hits
record high
NEW YORK: The Dow Jones Industrial
Average climbed above the 22,000 mark
for the first time on Wednesday, buoyed
by Apples healthy quarterly iPhone sales,
while weakness in other tech stocks held
back the Nasdaq Index and S&P 500 Index.
Apple jumped 4.73% to a record high
after the worlds largest publicly listed
company reported strong results. It is up
36% this year.
The iPhone makers rise helped push
the Dow to a record closing high, although
tech heavyweights Microsoft, Facebook and
Alphabet all lost ground following recent
strong gains that have made the sector
the strongest performer in 2017.
Other tech stocks such as Applied
Materials fell, while Philadelphia SE
Semiconductor Index dropped 0.7%.
Some investors believe corporations
must start spending less on buying back
shares and more on technology to improve
productivity in order to justify further gains
in Silicon Valley stocks, with the S&P 500
Information Technology Index already up
23% this year.
Apple, at the heart of it, has a lot of
consumer exposure, and the consumer is
in great shape. But we would like to see
some capex, said Mike Baele, managing
director at US Bank Private Client Wealth
Management in Portland, Oregon.
Microsoft slipped 0.44% and Facebook
lost 0.33%, both among the heaviest drags
on the S&P 500 and the Nasdaq.
The Dow has risen 11% in 2017 and is
on track for its sixth straight record close,
even as Wall Street loses confidence
that US President Donald Trump and a
Republican-controlled Congress will be
able to cut taxes and increase infrastructure
spending this year.
The Trump agenda getting done or
not is not the difference between positive
or negative gross domestic product, said
Brent Schutte, chief investment strategist at
Northwestern Mutual Wealth Management
Company in Milwaukee, Wisconsin.
I continue to believe the Trump potential
tax changes are the icing on the cake of
an already improving economy.
The Dow hit the 20,000 level in late
January and crossed the 21,000 mark on
March 1.
Two-thirds of S&P 500 companies have
reported their second-quarter earnings
so far and 72% of them have beaten
Wall Streets expectations, according to
Thomson Reuters. In a typical quarter,
64% of companies beat expectations.
The Dow rose 0.24% to end at 22,016.24,
a record high. The S&P 500 gained 0.05%
to 2,477.57 and the Nasdaq Composite
was flat at 6,362.65.
Data showed US private employers
added 178,000 jobs in July after adding
191,000 in June. Economists polled by
Reuters expected an addition of 185,000
jobs. The more comprehensive non-farm
payrolls report is due today.
AutoNation fell 7.17% after the largest
US auto retail chain reported lower quarterly
profits.
Cardinal Health fell 8.20% after the drug
distributors 2018 profit forecast missed
analysts estimates.
About 6.5 billion shares changed
hands in US exchanges, above the 6.1
billion average over the last 20 sessions.
Reuters

Nikkei 225 Dow Jones Euro STOXX 50 Index Shanghai Composite

Index points Index points Index points
Index points
20800 22000 3900 5800

17625 18900 3415 4825

2,772.70
3,272.93
14450 3850 -12.13
20,029.26 15800 2930
10,172.06 10,403.79 22,016.24 (-0.37%)
-50.78 3,087.842
+52.32
11275
(-0.25%)
12700 (+0.24%)
3,459.32 2875
2445 -18.07
(-0.52%)
8100 9600 1960 1900
Mar 1, 2010 Aug 3, 2017 Mar 1, 2010 Aug 2, 2017 Mar 1, 2010 Aug 2, 2017 Mar 1, 2010 Aug 3, 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

Main Market & Ace Market Warrants 0.120 0.100 0.115 0.115 5263CK SUNCON-CK 0.115 0.010 200 2.120 2.200 14.62 08/01/2018
0.090 0.065 0.065 0.065 3743CA SUNSURIA-CA 0.065 Unch 18 1.440 1.600 20.14 26/02/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.505 0.145 0.415 0.405 3743WA SUNSURIA-WA 0.405 -0.005 324 1.440 1.500 32.29 22/07/2020
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.325 0.100 0.260 0.260 0148WA SUNZEN-WA 0.260 -0.025 11.6 0.360 0.100 0.00 14/04/2019
0.235 0.060 0.180 0.170 0148WB SUNZEN-WB 0.170 -0.005 307.3 0.360 0.250 16.67 25/02/2021
0.300 0.105 0.270 0.260 5125WB PANTECH-WB 0.265 0.005 1407.2 0.670 0.500 14.18 21/12/2021 0.155 0.055 0.060 0.055 710627 SUPERMX-C27 0.055 -0.005 80 1.920 2.000 9.90 02/02/2018
0.135 0.100 0.130 0.130 129515 PBBANK-C15 0.130 0.010 1.6 20.600 20.30 1.70 30/04/2018 0.220 0.130 0.145 0.140 7082WB SYF-WB 0.140 Unch 285 0.490 0.700 71.43 11/11/2019
0.240 0.015 0.025 0.020 518310 PCHEM-C10 0.025 Unch 36.8 6.970 7.100 3.12 18/08/2017 0.330 0.170 0.190 0.190 8524WB TALIWRK-WB 0.190 0.005 1.5 1.470 1.700 28.57 11/11/2018
0.400 0.200 0.245 0.230 9997WB PENSONI-WB 0.245 0.010 53.7 0.650 0.600 30.00 20/01/2024 0.130 0.060 0.080 0.075 0132WA TDEX-WA 0.080 Unch 211.3 0.140 0.110 35.71 21/09/2018
0.485 0.135 0.390 0.385 8311WC PESONA-WC 0.390 Unch 157 0.635 0.250 0.79 27/01/2020 1.160 0.300 0.375 0.330 7200WA TEKSENG-WA 0.340 -0.020 826.2 0.555 0.250 6.31 29/01/2020
0.130 0.095 0.100 0.095 5681CS PETDAG-CS 0.095 Unch 172.8 24.020 24.100 4.29 30/03/2018 0.195 0.085 0.110 0.105 534735 TENAGA-C35 0.105 -0.005 20 14.180 13.800 1.76 30/11/2017
0.150 0.040 0.055 0.055 6033CO PETGAS-CO 0.055 -0.005 200 18.620 19.800 9.00 29/12/2017 0.490 0.250 0.275 0.250 7252WA TEOSENG-WA 0.250 -0.030 223 0.885 1.350 80.79 29/01/2020
0.315 0.085 0.280 0.245 3042CC PETRONM-CC 0.280 0.035 9921.1 9.490 6.500 3.90 29/09/2017 0.160 0.040 0.155 0.140 0145WA TFP-WA 0.145 -0.005 2582.1 0.215 0.100 13.95 15/02/2019
0.380 0.210 0.380 0.260 3042CD PETRONM-CD 0.375 0.105 35243.9 9.490 8.500 36.99 22/02/2018 3.560 2.620 2.690 2.670 7034WA TGUAN-WA 2.690 Unch 4 4.200 1.500 -0.24 09/10/2019
0.115 0.100 0.110 0.110 8869CS PMETAL-CS 0.110 -0.005 50 2.850 3.080 27.37 30/04/2018 0.105 0.060 0.065 0.065 7889WB THRIVEN-WB 0.065 0.005 100 0.235 0.640 200.00 05/10/2020
2.600 2.200 2.480 2.430 8869WC PMETAL-WC 2.480 0.030 7.2 2.850 0.390 0.70 22/08/2019 0.025 0.005 0.010 0.010 7079WB TIGER-WB 0.010 Unch 241.4 0.055 0.170 227.27 23/12/2018
1.050 0.615 0.935 0.910 7088WB POHUAT-WB 0.935 0.025 256.1 1.950 1.000 -0.77 21/10/2020 0.040 0.010 0.020 0.020 7079WC TIGER-WC 0.020 -0.005 39 0.055 0.080 81.82 11/02/2021
0.455 0.110 0.320 0.315 4634C3 POS-C3 0.320 0.010 32.1 5.280 4.000 0.00 30/08/2017 0.090 0.005 0.005 0.005 486314 TM-C14 0.005 -0.005 80 6.390 6.700 5.05 29/09/2017
0.285 0.130 0.145 0.140 4634C8 POS-C8 0.145 Unch 151 5.280 5.100 7.58 31/10/2017 0.115 0.055 0.055 0.055 486319 TM-C19 0.055 Unch 30 6.390 6.800 9.00 08/12/2017
0.370 0.140 0.205 0.205 4634C9 POS-C9 0.205 Unch 110 5.280 4.900 10.27 16/10/2017 0.315 0.125 0.175 0.165 0101WB TMCLIFE-WB 0.165 -0.010 130 0.780 0.750 17.31 21/06/2019
0.710 0.198 0.635 0.630 7168WA PRG-WA 0.635 Unch 118.5 1.030 0.375 -1.94 06/07/2019 0.810 0.510 0.690 0.680 8397WC TNLOGIS-WC 0.680 0.005 77.6 1.690 1.000 -0.59 26/12/2018
0.710 0.425 0.455 0.450 8966WA PRLEXUS-WA 0.450 -0.010 177 1.260 1.200 30.95 14/06/2021 0.485 0.109 0.460 0.430 7285WA TOMYPAK-WA 0.460 0.015 108.1 1.020 0.930 36.27 21/06/2021
0.145 0.040 0.090 0.090 7145WA PSIPTEK-WA 0.090 Unch 199.6 0.155 0.100 22.58 16/11/2019 0.185 0.050 0.115 0.105 711316 TOPGLOV-C16 0.105 -0.015 440 5.720 5.400 1.75 30/08/2017
0.140 0.020 0.065 0.060 0007WA PUC-WA 0.060 -0.010 3003.4 0.120 0.100 33.33 25/12/2024 0.200 0.035 0.165 0.160 711317 TOPGLOV-C17 0.160 -0.010 135 5.720 5.200 3.50 29/12/2017
0.145 0.015 0.065 0.060 0007WB PUC-WB 0.060 Unch 4075.2 0.120 0.100 33.33 15/02/2019 0.365 0.205 0.215 0.215 7176WA TPC-WA 0.215 -0.020 5 0.405 0.200 2.47 19/01/2021
0.750 0.215 0.610 0.600 7134WA PWF-WA 0.605 0.005 209 1.050 0.620 16.67 20/07/2021 0.360 0.230 0.250 0.235 5401WA TROP-WA 0.250 0.015 40.1 0.955 1.000 30.89 06/12/2019
0.170 0.020 0.095 0.095 5256WA REACH-WA 0.095 Unch 520 0.420 0.750 101.19 12/08/2022 0.425 0.110 0.320 0.315 5042WB TSRCAP-WB 0.315 0.035 69.7 0.695 0.700 46.04 28/12/2020
0.155 0.050 0.065 0.050 1066CY RHBBANK-CY 0.065 0.015 45.5 4.990 5.250 11.72 28/11/2017 0.150 0.045 0.050 0.050 514841 UEMS-C41 0.050 0.005 30 1.160 1.140 6.90 31/10/2017
0.090 0.060 0.065 0.060 5270WA RSENA-WA 0.065 0.005 880 0.450 0.500 25.56 01/12/2023 0.085 0.005 0.010 0.010 514842 UEMS-C42 0.010 0.005 0.1 1.160 1.400 22.41 29/09/2017
0.050 0.020 0.025 0.025 0133WD SANICHI-WD 0.025 Unch 50 0.060 0.100 108.33 21/07/2019 0.100 0.020 0.030 0.030 514845 UEMS-C45 0.030 Unch 263.4 1.160 1.200 10.43 31/10/2017
0.195 0.065 0.175 0.165 5157WA SAUDEE-WA 0.175 Unch 607.6 0.425 0.500 58.82 31/03/2021 0.075 0.075 0.075 0.075 514848 UEMS-C48 0.075 Unch 130 1.160 1.300 25.00 30/04/2018
0.185 0.055 0.110 0.100 0161WA SCH-WA 0.100 -0.015 500 0.195 0.100 2.56 04/12/2021 0.195 0.070 0.095 0.090 7091WA UNIMECH-WA 0.095 -0.005 199.1 1.050 1.500 51.90 18/09/2018
0.190 0.055 0.135 0.130 0028WA SCOPE-WA 0.135 0.005 7 0.235 0.150 21.28 17/07/2020 0.164 0.025 0.055 0.050 0069WB VIVOCOM-WB 0.050 Unch 4472.2 0.135 0.200 85.19 07/09/2018
0.785 0.160 0.600 0.580 7073WB SEACERA-WB 0.600 0.005 791.3 1.350 1.000 18.52 29/05/2019 0.180 0.050 0.080 0.075 0069WC VIVOCOM-WC 0.080 Unch 518.7 0.135 0.100 33.33 22/01/2020
0.170 0.010 0.055 0.050 5250CF SEM-CF 0.055 0.010 1567 1.470 1.550 12.93 28/11/2017 0.175 0.055 0.080 0.075 0069WD VIVOCOM-WD 0.080 Unch 400.2 0.135 0.100 33.33 08/07/2020
0.115 0.050 0.115 0.115 5250CG SEM-CG 0.115 0.015 100 1.470 1.550 21.09 12/02/2018 0.095 0.030 0.065 0.065 7070WC VIZIONE-WC 0.065 Unch 134.4 0.115 0.100 43.48 05/02/2022
0.145 0.010 0.010 0.010 521841 SENERGYC41 0.010 Unch 30 1.530 2.050 35.62 29/09/2017 0.650 0.200 0.650 0.550 7240WA VOIR-WA 0.620 0.070 386.7 0.995 0.500 12.56 31/03/2024
0.055 0.005 0.010 0.005 521842 SENERGYC42 0.005 -0.005 101.2 1.530 2.200 44.93 31/10/2017 0.235 0.155 0.215 0.215 6963CM VS-CM 0.215 Unch 302 2.170 1.800 2.76 30/11/2017
0.110 0.080 0.080 0.080 521846 SENERGYC46 0.080 Unch 319 1.530 1.700 23.14 30/01/2018 0.180 0.115 0.155 0.155 6963CN VS-CN 0.155 Unch 40 2.170 2.000 6.45 08/12/2017
0.110 0.095 0.095 0.095 521847 SENERGYC47 0.095 -0.010 100 1.530 1.700 23.53 30/01/2018 0.125 0.095 0.110 0.110 6963CO VS-CO 0.110 -0.010 500 2.170 2.200 14.06 30/11/2017
0.170 0.120 0.130 0.120 5279CA SERBADK-CA 0.120 -0.020 1001 1.900 2.000 21.05 02/02/2018 0.690 0.240 0.625 0.615 6963WA VS-WA 0.620 Unch 2111.9 2.170 1.650 4.61 06/01/2019
0.215 0.075 0.130 0.130 0055WA SERSOL-WA 0.130 -0.010 13.5 0.175 0.180 77.14 18/04/2023 0.135 0.040 0.050 0.045 3565CA WCEHB-CA 0.045 -0.010 460.9 1.400 1.650 24.29 30/11/2017
0.205 0.055 0.180 0.175 7165WA SGB-WA 0.180 Unch 253 0.655 0.600 19.08 07/04/2021 0.215 0.035 0.045 0.045 9679C1 WCT-C1 0.045 Unch 620 1.950 2.250 20.46 30/11/2017
0.350 0.210 0.240 0.240 7246WA SIGN-WA 0.240 -0.005 30 0.890 0.970 35.96 21/04/2021 0.170 0.035 0.040 0.040 9679C2 WCT-C2 0.040 Unch 150 1.950 2.300 22.05 08/12/2017
0.190 0.095 0.100 0.100 419714 SIME-C14 0.100 0.005 10 9.400 9.000 1.06 29/12/2017 0.665 0.170 0.230 0.220 9679WD WCT-WD 0.225 0.005 1931.8 1.950 1.710 -0.77 11/12/2017
0.075 0.030 0.035 0.030 7155CD SKPRES-CD 0.030 Unch 100.2 1.440 1.580 13.89 28/09/2017 0.570 0.175 0.330 0.320 9679WE WCT-WE 0.320 Unch 2100.9 1.950 2.080 23.08 27/08/2020
0.190 0.120 0.190 0.190 7155CE SKPRES-CE 0.190 0.040 401.5 1.440 1.200 3.13 25/01/2018 0.930 0.490 0.680 0.680 7245WA WZSATU-WA 0.680 -0.015 2 1.120 0.500 5.36 28/10/2024
0.245 0.115 0.115 0.115 9776WB SMCAP-WB 0.115 -0.015 154.6 0.635 1.000 75.59 13/07/2018 0.110 0.035 0.060 0.060 0165WA XOX-WA 0.060 Unch 420.5 0.110 0.200 136.36 10/02/2019
0.405 0.135 0.215 0.215 5213WA SNTORIA-WA 0.215 -0.005 7 0.820 0.600 -0.61 15/04/2019 0.115 0.060 0.085 0.085 7293CL YINSON-CL 0.085 0.005 13 3.600 3.300 1.11 22/08/2017
0.285 0.130 0.220 0.215 0093WA SOLUTN-WA 0.215 Unch 394.7 0.325 0.200 27.69 04/07/2021 0.185 0.050 0.065 0.065 7020WB YKGI-WB 0.065 Unch 5 0.205 0.500 175.61 28/05/2020
0.210 0.050 0.055 0.055 8664CV SPSETIA-CV 0.055 -0.005 150 3.260 3.400 11.04 31/10/2017 1.100 0.635 0.945 0.915 7066WA YONGTAI-WA 0.925 -0.010 139.1 1.370 0.500 4.01 24/06/2020
0.400 0.080 0.110 0.095 8664CW SPSETIA-CW 0.095 -0.015 163.1 3.260 3.400 8.67 29/12/2017 0.100 0.030 0.035 0.030 4677C8 YTL-C8 0.035 Unch 401 1.400 1.500 9.64 29/12/2017
0.200 0.020 0.030 0.020 8664CY SPSETIA-CY 0.025 Unch 960 3.260 3.900 21.17 08/12/2017 0.115 0.045 0.050 0.050 6742C1 YTLPOWR-C1 0.050 0.005 373.3 1.410 1.400 2.84 28/02/2018
0.140 0.035 0.070 0.070 0129WA SRIDGE-WA 0.070 Unch 209.4 0.190 0.180 31.58 24/02/2023 0.450 0.320 0.335 0.320 6742WB YTLPOWR-WB 0.330 0.005 233.3 1.410 1.140 4.26 11/06/2018
0.150 0.030 0.080 0.080 7143WA STONE-WA 0.080 Unch 10 0.260 0.300 46.15 21/06/2020 0.125 0.040 0.060 0.060 2283WA ZELAN-WA 0.060 0.005 0.5 0.130 0.250 138.46 25/01/2019
0.060 0.015 0.025 0.020 1201WB SUMATEC-WB 0.020 Unch 900 0.050 0.175 290.00 13/11/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets FR I DAY AU G U ST 4, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Aug 2, 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. Nickel mine production a tale of two producers
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AL-AQAR HEALTHCARE REIT (500,000) EMPLOYEES PROVIDENT FUND BOARD 65,544,238 28/7
ASTRO MALAYSIA (1,178,500) EMPLOYEES PROVIDENT FUND BOARD 320,392,900 28/7
BIMB (11,100,000) LEMBAGA TABUNG HAJI 858,939,300 31/7
BUMI ARMADA 1,509,700 EMPLOYEES PROVIDENT FUND BOARD 331,282,780 28/7
CAHYA MATA SARAWAK 700,000 LEMBAGA TABUNG HAJI 90,129,600 31/7
DESTINI 410,000 LIM NYUK SANG @ FREDDY LIM 67,636,866 1/8
DIALOG GROUP 1,282,300 EMPLOYEES PROVIDENT FUND BOARD 681,480,150 28/7
DIGI.COM 1,224,200 EMPLOYEES PROVIDENT FUND BOARD 1,056,337,894 27 & 28/7
DRB-HICOM 10,286,900 LEMBAGA TABUNG HAJI 104,671,300 28 & 31/7
DUFU TECHNOLOGY CORP. (229,000) LEE, SU HUI-FEN 16,910,000 31/7
EASTERN & ORIENTAL 500,000 LEMBAGA TABUNG HAJI 90,341,629 31/7
GABUNGAN AQRS (3,200,000) NG KIT HENG 28,864,333 31/7 & 1/8
GAMUDA 450,000 EMPLOYEES PROVIDENT FUND BOARD 280,029,405 28/7
GLOBETRONICS TECHNOLOGY 450,500 EMPLOYEES PROVIDENT FUND BOARD 28,017,000 28/7
HAP SENG PLANTATIONS (1,500,000) EMPLOYEES PROVIDENT FUND BOARD 69,852,200 28/7
HONG LEONG BANK 795,000 EMPLOYEES PROVIDENT FUND BOARD 261,749,321 28/7
IGB REAL ESTATE (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 230,113,313 28/7
INVESTMENT TRUST
IJM CORPORATION (540,800) AMANAHRAYA TRUSTEES 202,459,200 31/7
- SKIM AMANAH SAHAM BUMIPUTERA
IJM CORPORATION 860,700 EMPLOYEES PROVIDENT FUND BOARD 533,732,858 28/7
IOI CORPORATION (2,110,000) EMPLOYEES PROVIDENT FUND BOARD 588,687,373 28/7
KUALA LUMPUR KEPONG 229,300 EMPLOYEES PROVIDENT FUND BOARD 164,235,788 28/7
LAFARGE MALAYSIA (275,700) EMPLOYEES PROVIDENT FUND BOARD 74,002,489 27/7
MALAYAN BANKING (5,000,000) AMANAHRAYA TRUSTEES 3,726,214,985 31/7
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 3,237,400 EMPLOYEES PROVIDENT FUND BOARD 1,270,761,492 28/7 China seaborne coal imports
MALAYSIA AIRPORTS 1,792,600 EMPLOYEES PROVIDENT FUND BOARD 165,219,792 28/7
MATRIX CONCEPTS (2,000,000) DATO LEE TIAN HOCK 223,378,322 2/8 China total imports against from Australia and Indonesia.
MAXIS (4,340,000) EMPLOYEES PROVIDENT FUND BOARD 807,239,721 28/7
NAIM INDAH CORPORATION (5,782,000) QUANTUM DISCOVERY S/B 62,065,976 31/7 & 1/8
ORIENTAL 246,400 EMPLOYEES PROVIDENT FUND BOARD 52,626,316 28/7
PETERLABS 513,600 FATFISH VENTURES S/B 15,063,600 1/8
PUBLIC BANK (4,163,200) EMPLOYEES PROVIDENT FUND BOARD 471,438,400 28/7
S P SETIA (1,025,000) EMPLOYEES PROVIDENT FUND BOARD 194,304,383 28/7
SAPURA ENERGY (701,300) EMPLOYEES PROVIDENT FUND BOARD 634,798,444 28/7
SKP RESOURCES 1,055,900 EMPLOYEES PROVIDENT FUND BOARD 64,881,400 28/7
SUNWAY (506,900) EMPLOYEES PROVIDENT FUND BOARD 110,990,091 28/7
SYF RESOURCES (228,200) INSAS CREDIT & LEASING S/B 47,780,000 28/7
TELEKOM MALAYSIA 709,200 AMANAHRAYA TRUSTEES 447,119,200 31/7
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL 2,861,300 EMPLOYEES PROVIDENT FUND BOARD 739,106,742 28/7
TENAGA NASIONAL 4,000,000 AMANAHRAYA TRUSTEES 350,968,600 31/7
- SKIM AMANAH SAHAM BUMIPUTERA
TOP GLOVE CORPORATION (273,900) EMPLOYEES PROVIDENT FUND BOARD 105,782,546 28/7
YTL CORPORATION (1,691,800) EMPLOYEES PROVIDENT FUND BOARD 691,684,747 28/7
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia. Note: * denotes Ace Market

Local events to watch out for today

The Malaysian Insurance Institutes Sonys memorandum of understanding
memorandum of agreement signing signing ceremony with Kuala Lumpur Stocks closest to year high Stocks closest to year low
ceremony with Malaysia University of 2017 SEA Games to jointly develop and STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
Science and Technology at Bank Negara extend the relationship with local sports (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)

Malaysia,Lanai Kijang, Jalan Kuching, Kuala community at Menara KBS, Presint 3, HENGYUAN-CA 0.745 0.580 0.715 38191.1 AMWAY 7.300 7.210 7.210 14.3
Lumpur at 8.30am. Putrajaya from 10.30am to 12.30pm. MEXTER 0.335 0.320 0.325 6687.3 MEDIA 0.870 0.815 0.820 2349.1
MMSV 1.830 1.720 1.800 3084.4 HEKTAR-TR 0.100 0.080 0.085 1758.7
S P Setia in a joint initiative with the Johor Public Gold Marketing Sdn Bhds VOIR 1.020 0.935 0.995 1472.1 ANNJOO-CD 0.120 0.115 0.120 130
state government conducting balloting seminar Boost your sales in PG Mall PETRONM-CD 0.380 0.260 0.375 35243.9 FBMKLCI-C1V 0.230 0.225 0.230 360
ceremony and handing over of keys to at Hotel Istana, Jalan Raja Chulan, Bukit PANTECH 0.680 0.655 0.670 7746.7 MAHSING-WB 0.125 0.120 0.125 1030.7
owners of Rumah Mampu Milik Johor at Bintang, Kuala Lumpur at 10am. PLB 1.900 1.840 1.870 181.3 HSI-H2G 0.055 0.055 0.055 13
Setia Business Park 2, Jalan Perniagaan Energy, green technology and water KOSSAN 7.360 7.270 7.280 922.2 NWP 0.165 0.155 0.160 1216.4
Setia 4, Taman Perniagaan Setia, Johor at ministry (Kettha) launches Energy MRCB-C22 0.115 0.105 0.115 230 DRBHCOMC36 0.105 0.095 0.105 1233.2

10am. Performance Contracting Fund at HEVEA

PADINI-CM
1.780
0.175
1.660
0.155
1.740 14828.2
0.160 720
SYCAL
ACOSTEC
0.300
0.545
0.295
0.495
0.295
0.515
442.5
513.9
Official launch of Murad City skin series at Kettha, VIP Lounge, Level 6, Blok E4/5, GBGAQRS 1.600 1.560 1.580 1731.8 PADINI-CM 0.175 0.155 0.160 720
Rama 4 Fine Thai Cuisine, Jalan U Thant, Kompleks Kerajaan Parcel E, Pusat LIIHEN 3.390 3.290 3.360 1353.7 DANCO 0.600 0.565 0.565 844.6
off Jalan Tun Razak, Kuala Lumpur from Pentadbiran Kerajaan Persekutuan, This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
10am to 1pm. Putrajaya at 2.45pm. could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
prot-taking activities could set in later. 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 $ 0.626 0.742 0.719 0.564 0.935 1.009 1.009 0.935 3.1770 4.989 60.051 4.658 2.726 9,891 47.276 81.905 5.867 37.290 2.702 2.784 6.014 24.674 5.803
EURO 1.597 1.185 1.149 0.900 1.494 1.611 1.612 1.493 5.0739 7.967 95.906 7.439 4.354 15,797 75.503 130.808 9.370 59.556 4.315 4.446 9.604 39.406 9.268
US $ 1.347 0.844 0.969 0.759 1.260 1.359 1.359 1.260 4.2800 6.720 80.900 6.275 3.672 13,325 63.690 110.341 7.904 50.237 3.640 3.750 8.101 33.240 7.818
SWISS FR 1.391 0.871 1.032 0.784 1.301 1.403 1.403 1.300 4.4178 6.937 83.505 6.477 3.791 13,754 65.740 113.893 8.158 51.855 3.757 3.871 8.362 34.310 8.070
STERLING 1.774 1.111 1.317 1.276 1.660 1.790 1.790 1.659 5.6372 8.852 106.554 8.265 4.837 17,550 83.886 145.330 10.410 66.167 4.794 4.939 10.670 43.780 10.297
CANADA $ 1.069 0.669 0.794 0.769 0.603 1.079 1.079 1.000 3.3968 5.334 64.206 4.980 2.915 10,575 50.547 87.571 6.273 39.870 2.889 2.976 6.430 26.381 6.205
BRUNEI $ 0.991 0.621 0.736 0.713 0.559 0.927 1.000 0.927 3.1487 4.944 59.516 4.616 2.702 9,803 46.855 81.175 5.815 36.958 2.678 2.759 5.960 24.454 5.752
SINGAPORE $ 0.991 0.621 0.736 0.713 0.559 0.927 1.000 0.927 3.1484 4.944 59.511 4.616 2.701 9,802 46.850 81.167 5.814 36.955 2.678 2.759 5.959 24.452 5.751
AUSTRALIA $ 1.069 0.670 0.794 0.769 0.603 1.000 1.079 1.079 3.3975 5.335 64.219 4.981 2.915 10,578 50.557 87.589 6.274 39.879 2.889 2.977 6.431 26.386 6.206
MALAYSIA RM 0.315 0.197 0.234 0.226 0.177 0.294 0.318 0.318 0.294 1.0000 1.570 18.902 1.466 0.858 3,113 14.881 25.781 1.847 11.738 0.850 0.876 1.893 7.766 1.827
100 CHINESE RMB 20.046 12.552 14.880 14.416 11.297 18.749 20.226 20.228 18.745 63.6860 1,204 93.369 54.645 198,275 947.694 1,642 117.610 747.523 54.163 55.801 120.549 494.606 116.331
100 BANGLADH TAKA 1.665 1.043 1.236 1.198 0.938 1.557 1.680 1.680 1.557 5.2905 8.307 7.756 4.539 16,471 78.726 136.391 9.770 62.098 4.499 4.635 10.014 41.088 9.664
100 DANISH KRONER 21.470 13.443 15.937 15.440 12.100 20.080 21.663 21.665 20.076 68.2090 107.10 1,289 58.526 212,357 1,015.00 1,758 125.96 800.61 58.01 59.76 129.11 529.73 124.59
100 UAE DIRHAM 36.684 22.970 27.230 26.381 20.674 34.310 37.014 37.017 34.303 116.5450 183.00 2,203 170.86 362,842 1,734 3,005 215.23 1,368 99.12 102.12 220.60 905.13 212.89
1000 INA RUPIAH 0.010 0.006 0.008 0.007 0.006 0.009 0.010 0.010 0.009 0.0321 0.050 0.607 0.047 0.028 0.478 0.828 0.059 0.377 0.027 0.028 0.061 0.249 0.059
100 INDIA RUPEE 2.115 1.324 1.570 1.521 1.192 1.978 2.134 2.134 1.978 6.7201 10.552 127.023 9.852 5.766 20,922 173.248 12.410 78.878 5.715 5.888 12.720 52.190 12.275
100 JAPAN YEN 1.221 0.764 0.906 0.878 0.688 1.142 1.232 1.232 1.142 3.8789 6.091 73.319 5.687 3.328 12,076 57.721 7.163 45.529 3.299 3.399 7.342 30.125 7.085
100 NORWEGIAN KRONER 17.044 10.672 12.652 12.257 9.606 15.941 17.198 17.199 15.938 54.1500 85.027 1,024 79.388 46.463 168,587 805.792 1,396 635.593 46.053 47.446 102.499 420.547 98.912
100 PHILIPPINE PESO 2.682 1.679 1.991 1.928 1.511 2.508 2.706 2.706 2.508 8.5196 13.378 161.037 12.490 7.310 26,524 126.778 219.640 15.733 7.246 7.465 16.126 66.166 15.562
100 QATAR RIYAL 37.011 23.174 27.473 26.616 20.858 34.616 37.343 37.347 34.609 117.5824 184.628 2,223 172.385 100.890 366,072 1,750 3,031 217.142 1,380 103.025 222.567 913.183 214.780
100 SAUDI RIYAL 35.924 22.494 26.666 25.834 20.246 33.599 36.247 36.250 33.592 114.1303 179.208 2,157 167.324 97.928 355,325 1,698 2,942 210.767 1,340 97.064 216.033 886.373 208.474
100 SWEDISH KRONOR 16.629 10.412 12.343 11.958 9.372 15.553 16.778 16.780 15.550 52.8300 82.954 998.587 77.453 45.330 164,477 786.149 1,362 97.562 620.100 44.930 46.289 410.295 96.501
100 THAI BAHT 4.053 2.538 3.008 2.915 2.284 3.791 4.089 4.090 3.790 12.8761 20.218 243.383 18.877 11.048 40,087 191.606 331.952 23.779 151.135 10.951 11.282 24.373 23.520
100 HK$ 17.232 10.790 12.791 12.392 9.711 16.117 17.387 17.388 16.113 54.7455 85.962 1,034.794 80.261 46.974 170,441 814.653 1,411 101.100 642.583 46.559 47.968 103.626 425.171
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.
FRIDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
1980 90000 18.00 0.50 92.978 4.5
1,769.00 (-0.50) (+0.142)
(+3.00) 3.49
1785 4.75 96.5 (Unch)
68000
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 Aug 3, 2017 Jan 4, 2010 Aug 3, 2017 Oct 2, 2006 Aug 3, 2017 Oct 1, 2000 Aug 3, 2017

FBM KLCI futures end higher FBM KLCI futures US dollar recovers some Klibor
on renewed buying interest INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
ground before US jobs data MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracton Bursa FBMKLCI 1,771.90 1.29 81.17M The US dollar recouped some losses yesterday AUG7 96.54
SEP7 96.53
Malaysia Derivatives ended higher yesterday AUG 17 1,769.00 3.00 3,320 29,315 -225 but was still holding near a 2-year low hit OCT7 96.51
SEP 17 1,770.00 2.50 82 492 30
on renewed buying interest. in the previous session as investors readied DEC7 96.48
DEC 17 1,771.00 3.50 38 248 3
August 2017 rose three points to 1,769; MAR 18 1,767.50 2.00 2 4 0
for US jobs data. MAR8 96.48
September 2017 went up 2.5 points to 1,770; TOTAL Most of the US currencys gains came JUN8 96.48
3,442 30,055 -192
SEP8 96.48
December 2017 increased 3.5 points to 1,771; against the commodity linked currencies DEC8 96.48
and March 2018 gained two points to 1,767.5. FUTURES ROLL OVER BID OFFER CLOSE such as the Australian dollar and its Canadian MAR9 96.48
Turnover went up to 3,442 lots from2,228 AUG/SEP 1.0 -0.5 0.5
counterpart, a theme that has been consistent JUN9 96.48
lots on Monday, while open interest was FUTURES FAIR VALUE this week, as investors took profits after SEP9 96.48
DEC9 96.48
higher at 30,055 contracts from 29,226 CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE recent gains. MAR0 96.48
AUG 17 28 4.17 5.43 -1.26
contracts yesterday. SEP 17 58 8.79 12.99 -4.20
For example, Brown Brothers Harriman JUN0 96.48
The underlying benchmark FBM KLCI ROLLS FAIR -2.93
strategists noted that the US dollar rose to a SEP0 96.48
finished 1.29 points higher at 1,771.9. 20-day moving average against its Canadian DEC0 96.48
MAR1 96.48
Most Southeast Asian stock markets were rival yesterday, a level it hasnt traded above
JUN1 96.48
largely tepid yesterday, as concerns about US since early June. SEP1 96.48
President Donald Trump signing the Russia On a broader trade-weighted basis, DEC1 96.48
sanctions bill kept investors on edge. Indonesia is expected to report second however, the US dollar index , which measures MAR2 96.48
In the region, Indonesia stocks falling quarter gross domestic product growth data its value against a basket of six major currencies, JUN2 96.48
TOTAL 0 0
the most in the region, closed 0.75% down. on Aug 7. Agencies rose about 0.2% to 92.978. 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 0.3382 0.525 121.25 1660

(RM3,189/tonne) 1,265.40
(-8.80)
2700 105000 3750 0.350 87.50 1340
49.55
(-0.04)
1950 53.75 1020
2,602 57500 2425 0.175
(-40) 2,602
1200 10000 (-40) 20.00 700
1100 0.000
Jan 6, 2008 Aug 3, 2017 Apr 10, 2007 Aug 3, 2017 Aug 31, 2008 Aug 3, 2017
Jan 6, 2008 Aug 3, 2017

Palm oil falls for 3rd session CPO futures Oil slips as rally loses Commodities

on forecasts for rising output CONTRACT

AUG-17
LAST
2,588
CHANGE
-42
VOLUME
129
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,899 -345
momentum AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,602 -40
RUBBER SEN/KG MRB 620.00 -4.00
SEP-17 2,595 -36 3,525 23,946 -396
Malaysian palm oil futures fell for a third Oil slipped yesterday as a rally that had CORN USC/BSH CBOT 361.25 -3.75
OCT-17 2,602 -40 19,564 63,231 -255
SOYBEANS USC/BSH CBOT 950.00 -16.50
straight session yesterday, hitting their lowest NOV-17 2,613 -36 9,571 44,733 -945 pushed up prices by almost 10% since early
WHEAT USC/BSH CBOT 456.50 -4.25
in a week due to forecasts of rising output DEC-17 2,637 -27 3,585 17,756 1,164 last week lost momentum, despite renewed LIVE CATTLE USC/IBS CME 114.68 1.80
and weaker performing related edible oils. CPO FUTURES CPO/SOYOIL signs of a gradually tightening US market. COCOA US$/TON NYBOT 2,092 10
The benchmark palm oil contract for INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) Brent crude was lost five US cents at COFFEE USC/IBS NYBOT 143.45 -0.50
AUG/SEP -7 -74.29
October delivery on the Bursa Malaysia AUG/OCT -14 3 MONTHS AVERAGE -96.51
US$52.31 a barrel, while US light crude was SUGAR USC/IBS NYBOT 15.44 -0.06
Derivatives closed down 1.4% at RM2,602. AUG/NOV four US cents lower at US$49.55. COTTON USC/IBS NYC 69.52 -0.10
-25 6 MONTHS AVERAGE -90.50
Palm oil has shed 1.9% so far this week SEP/OCT -7 Strong demand in the US has been METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,500 UNCH
and is in line for its first weekly decline in a SGS & ITS EXPORT ESTIMATES (TONNES) supporting prices, while high supplies from COPPER USC/IBS CMX 2.8740 -0.0175
month and a half. SHIPMENT DAYS MAY17 JUN17 JUL17 oil cartel Opec were restricting further gains, GOLD US$/TROY OZ CMX 1,265.40 -8.80
Wednesdays market is down, tracking 1 - 10TH DAYS 359/347 367/367 381/360 traders said, pointing to a range-bound market. PLATINUM US$/TROY OZ NYMEX 955.30 1.50
external activities as well as being cautious 1 - 15TH DAYS 613/618 524/509 616/599
Both contracts appear to be moving into PALLADIUM US$/TROY OZ NYMEX 881.65 -3.25
about better production forecasts, said a trader. 11 -- 20TH DAYS
25TH DAYS
853/847
1,007/1,007
710/721 818/797
996/986 1,044/1,017
a range consolidation mode, said Jeffrey SILVER USC/TROY OZ CMX 16.49 -0.25
The market is, however, not sure about FULL MONTH Halley of futures brokerage Oanda. ALUMINIUM RMB/TON SHF 14,685 -60
1,310/1,306 1,210/1,190 1,260/1,239
ZINC RMB/TON SHF 23,285 370
the extent of the rise in production, said the MALAYSIAN PALM OIL BOARD US crude has held below US$50 despite
trader, supporting palm oil prices at times. MAR17 APR17 MAY17 JUN17 record gasoline demand of 9.84-million barrels ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 49.55 -0.04
We had expected monthly stocks to rise PRODUCTION 1,464 1,548 1,655 1,514 per day last week and a fall in commercial crude HEATING OIL USC/GAL NYMEX 1.6529 -0.0089
to 2 million tonnes, but until now stocks are EXPORTSTOCKS
1,554
1,266
1,283
1,600
1,506
1,558
1,379
1,527
inventories in the week to July 28 of 1.5 million NATURAL GAS US$/MMBTU NYMEX 2.868 0.017
at 1.5 million tonnes. So, pricing has been barrels to 481.9 million, barrels according to the BRENT CRUDE US$/BBL ICE 52.31 -0.05
MPOB Palm oil physical
erratic, the trader added. US Energy Information Administration. Reuters GAS OIL US$/TON ICE 489.00 0.75
Last official data showed Malaysias June (IN RM/TON) AUG17 SEP17 OCT17

end-stocks at 1.52 million tonnes, down 1.9% CPO DELD

PK EX-MILL
2,610.50 NO TRADE NO TRADE
2,210.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - Msia SMR 20
from the previous month. CPKO DELD 4,578.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
Inventories and output for July are expected RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
to rise in line with the seasonal trend, while RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
499.50
cargo surveyor data also showed an increase RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+0.50) 1475
in demand from Europe and China. MPOB FFB REF PRICE (MILL GATE PRICE) 620.00
China has bought 12 cargoes of palm oil REGION GRADE A GRADE B GRADE C 700 1050
(-4.00)
OER (RM/TON) OER(RM/TON) OER (RM/TON)
in the past seven days, the China National NORTH 20.00% 572 19.00% 547 18.00% 522
Grain and Oils Information Center said in SOUTH 20.00% 581 19.00% 555 18.00% 529
500 625
a report yesterday, totalling up to 120,000 CENTRAL 20.00% 574 19.00% 549 18.00% 523
tonnes for shipment in the fourth quarter EAST COAST 20.00% 578 19.00% 553 18.00% 527 300 200
SABAH 22.00% 559 21.00% 536 20.00% 512 Jan 7, 2007 Aug 3, 2017 Jan 7, 2007 Aug 3, 2017
of the year. Reuters SARAWAK 22.00% 566 21.00% 542 20.00% 518
 Markets
32 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
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 1,771.90 1.29 FBM ACE 6,524.88 62.35 FTSTI 3,342.92 5.88 NIKKEI 20,029.26 50.78 HANG SENG 27,531.01 76.37 DOW JONES 22,016.24 52.32

Science may set limits to knowledge, but should not Market movers
set limits to imagination. Bertrand Russell
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 GLOTEC 119,976.2 UNCH UNCH 0.055 0.00
('000) (%) (RM) (RM) (RM) (RM) IWCITY 54,090.3 0.120 9.76 1.350 0.00
Index point
1773.0 1,771.90 GLOTEC 119,976 0.00 0.000 0.055 0.065 0.055 MTOUCHE 45,874.7 -0.035 -7.61 0.425 418.18 0.00
1772.1 (+1.29) IWCITY 54,090 9.76 0.120 1.350 1.410 1.230 REV 42,116.1 0.215 29.25 0.950 6.61 0.00
1771.2 KL Composite Index REV 42,116 29.25 0.215 0.950 1.010 0.840 AAX 38,583.7 UNCH UNCH 0.390 39.80 0.00
1770.3 AAX 38,584 0.00 0.000 0.390 0.390 0.380 HENGYUAN-CA 38,191.1 UNCH UNCH 0.715 0.00
1769.4 DATAPRP 31,467 0.00 0.000 0.425 0.455 0.425 PETRONM-CD 35,243.9 0.095 33.93 0.375 0.00
KLCI futures NETX 25,871 0.00 0.000 0.040 0.045 0.040 MLAB 33,995.7 0.005 3.33 0.155 0.00
1768.5 1,769.00
JKGLAND 21,639 -4.76 -0.005 0.100 0.105 0.095 BORNOIL 32,467.6 0.005 5.00 0.105 10.87 0.00
1767.6 (+3.00)
TRC 19,279 3.40 0.025 0.760 0.780 0.735 DATAPRP 31,467.2 UNCH UNCH 0.425 0.00
1766.7 NICORP 17,674 0.00 0.000 0.075 0.080 0.070 NETX 25,870.8 UNCH UNCH 0.040 0.00
1765.8 CCK 14,362 3.17 0.030 0.975 1.000 0.945 DNEX 25,357.5 -0.015 -2.61 0.560 4.01 0.87
1764.9 EKOVEST-CA 10,117 14.29 0.005 0.040 0.040 0.030 STERPRO 24,718.1 UNCH UNCH 0.170 0.00
1764.0 MALTON-WB 9,763 2.47 0.010 0.415 0.440 0.395 DNEX-WD 21,941.4 -0.010 -3.51 0.275 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
EFFICEN 7,419 4.29 0.015 0.365 0.370 0.345 JKGLAND 21,638.9 -0.005 -4.76 0.100 15.44 2.19
PTRANS 7,390 1.64 0.005 0.310 0.315 0.305 FRONTKN 19,772.3 -0.005 -1.23 0.400 16.07 0.00
Daily FBM KLCI D&O 6,872 1.60 0.010 0.635 0.650 0.625 TRC 19,278.9 0.025 3.40 0.760 9.13 2.59
EKOVEST-WB 6,642 3.80 0.030 0.820 0.845 0.800 NICORP 17,673.5 UNCH UNCH 0.075 6.36 0.00
KL Composite Index Moving average - 20-day LCTITAN 16,515.6 -0.020 -0.45 4.400 5.81 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,771.90 EKOVEST 15,135.5 0.010 0.90 1.120 10.43 1.08
traded for a particular counter on the previous trading day is more than triple the average volume for the
(+1.29) 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
UP
1425.0
1,760.82
FBM KLCI higher on PetDag CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

as Asian shares fall PETRONM

PETDAG
9.490
24.020
0.440
0.280
AJI
A50CHIN-H2
25.500
0.020
-0.540
-0.240
1122.5 REV 0.950 0.215 HLIND 10.000 -0.240
UMS 2.700 0.190 MISC 7.370 -0.230
KUALA LUMPUR: The FBM KLCI rose 1.29 points or 0.1% HENGYUAN-CA 0.715 0.165 HSI-H2G 0.055 -0.185
820.0 after volatile trade mainly on late buying of index-linked ACCSOFT-WA 0.650 0.120 HLFG 16.920 -0.180
Jan 2, 2008 Aug 3, 2017 Petronas Dagangan Bhd (PetDag) shares. The FBM KLCI IWCITY 1.350 0.120 KESM 15.500 -0.180
rose as Asian shares fell. AXIATA 4.800 0.110 TASEK 12.800 -0.140
900
At Bursa Malaysia, the FBM KLCI closed at 1,771.9 PETRONM-CD 0.375 0.105 PETGAS 18.620 -0.140
KLK 24.820 0.100 ENRA 2.770 -0.140
points after reaching its intraday high and low at 1,772.59
600 FLBHD 1.860 0.100 CCM 1.570 -0.120
and 1,768.05 respectively. PetDag shares climbed 28 sen to TGL 1.500 0.100 AEONCR 13.600 -0.120
300 RM24.02 to become Bursa Malaysias second-largest gainer.
Across Bursa, 1.75 billion shares valued at RM1.746 billion Top gainers and losers (ranked by percentage)
0
were traded. There were 429 decliners and 336 gainers.

Volume (mil)
The increased buying support in the local telco UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
heavyweights, positive sentiment on Wall Street as well
FBM KLCI futures as the increase in crude oil prices also contributed to UEMS-C42 0.010 100.00 A50CHIN-H2 0.020 -92.31

CONTRACT SETTLEMENT CHANG HIGH LOW

the indexs [FBM KLCI] performance today (yesterday) DIALOG-C14 0.085 41.67 HSI-H2G 0.055 -77.08
PETRONM-CD 0.375 38.89 KAREX-CW 0.005 -66.67
AUG 17 1,769.00 3.00 1,771.50 1,764.50 Malacca Securities Sdn Bhd analyst Kenneth Leong told RHBBANK-CY 0.065 30.00 TM-C14 0.005 -50.00
SEP 17 1,770.00 2.50 1,771.00 1,765.50 theedgemarkets.com HENGYUAN-CA 0.715 30.00 SENERGYC42 0.005 -50.00
DEC 17 1,771.00 3.50 1,771.50 1,766.00
Asian shares declined. Japans Nikkei 225 fell 0.25%, Hong AXIATA-C15 0.110 29.41 FGV-C33 0.080 -46.67
Kongs Hang Seng Index declined 0.28%, while South Koreas REV 0.950 29.25 MALAKOF-CW 0.010 -33.33
FBM KLCI sensitivity* Kospi closed 1.68% lower. SKPRES-CE 0.190 26.67 EKOVEST-CD 0.105 -30.00

KLCI CHANGE CLOSE VOLUME Reuters reported that world stock markets fell yesterday, MUHIBAH-CD 0.225 25.00 HSI-H2C 0.015 -25.00
POINTS (RM) (RM) ('000) ACCSOFT-WA 0.650 22.64 MALAKOF-C1 0.075 -21.05
AXIATA GROUP 1.63 0.110 4.800 3692.1
led by a tumble in tech shares as investors locked in recent SEM-CF 0.055 22.22 FGV-C25 0.020 -20.00
CIMB GROUP 0.60 0.040 6.600 11286.2 gains after Wall Streets Dow Jones Industrial Average broke ASTRO-C3 0.055 22.22 AAX-C6 0.020 -20.00
PETRONAS DAGANG 0.46 0.280 24.020 363.5 the 22,000 barrier for the first time in its 121-year history.
GENTING MALAYSIA 0.39 0.040 6.100 5326.4 It was reported that Japans Nikkei Share Average fell Top gainers and losers - warrants (ranked by percentage)
MAXIS BERHAD 0.39 0.030 5.760 1939.1 as investors engaged in profit taking of tech shares which
HAP SENG CONSOLIDATED 0.21 0.050 9.050 362.6 UP CHANGE DOWN CHANGE
K.LUMPUR KEPONG 0.18 0.100 24.820 163.7
rallied the previous day on Apples strong quarterly earnings. CLOSE (%) CLOSE (%)
DIGI.COM 0.13 0.010 4.820 3193.4 by Anette Appaduray UEMS-C42 0.010 100.00 A50CHIN-H2 0.020 -92.31
WESTPORTS -0.11 -0.020 3.640 199.1
World equity indices DIALOG-C14 0.085 41.67 HSI-H2G 0.055 -77.08
IJM CORP -0.12 -0.020 3.430 354.9 PETRONM-CD 0.375 38.89 KAREX-CW 0.005 -66.67
PETRONAS CHEMICAL -0.13 -0.010 6.970 1833.7 CLOSE CHANGE CLOSE CHANGE RHBBANK-CY 0.065 30.00 TM-C14 0.005 -50.00
MAYBANK -0.17 -0.010 9.640 13033.3
DOW JONES 22,016.24 52.32 INDONESIA 5,780.58 -43.67 HENGYUAN-CA 0.715 30.00 SENERGYC42 0.005 -50.00
PUBLIC BANK -0.26 -0.040 20.600 1711.8
S&P 500 2,477.57 1.22 JAPAN 20,029.26 -50.78 AXIATA-C15 0.110 29.41 FGV-C33 0.080 -46.67
HONG LEONG FINANCE -0.34 -0.180 16.920 58.2
NASDAQ 100 5,914.23 19.06 KOREA 2,386.85 -40.78 SKPRES-CE 0.190 26.67 MALAKOF-CW 0.010 -33.33
PETRONAS GAS -0.46 -0.140 18.620 109.7
FTSE 100 7,411.43 -12.23 PHILIPPINES 7,876.66 4.01 MUHIBAH-CD 0.225 25.00 EKOVEST-CD 0.105 -30.00
MISC -1.70 -0.230 7.370 474.5
AUSTRALIA 5,735.12 -9.08 SINGAPORE 3,342.92 -5.88 ACCSOFT-WA 0.650 22.64 HSI-H2C 0.015 -25.00
SUB-TOTAL 0.69
CHINA 3,272.93 -12.13 TAIWAN 10,469.88 -49.39 SEM-CF 0.055 22.22 MALAKOF-C1 0.075 -21.05
OTHERS 0.60
HONG KONG 27,531.01 -76.37 THAILAND 1,578.25 -2.29 ASTRO-C3 0.055 22.22 FGV-C25 0.020 -20.00
GRAND TOTAL 1.29
INDIA 32,237.88 -238.86 VIETNAM 788.49 2.26 MRCB-C22 0.115 15.00 AAX-C6 0.020 -20.00
* How stock price changes affected the index on the previous trading day

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TEP 2 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

TO WN S H IP S P EC I A L R E P O RT
SOURCE: TheEdgeProperty.com | GRAPHICS: NURUL AIDA MOHD NOOR

1. Safety 4. Comfort
This doesnt mean the entire The homes
housing estate needs to be all themselves have

what
fenced up. Besides having to be of good
trustworthy security quality and be
patrolling and CCTVs, comfortable to live
one can also make use in while being surrounded by a nice
of the landscaping such landscaped environment.
as planting ornamental
bushes along the roads
and walkways. Having broader
makes a BY TA N A I L E N G

great
walkways that provide ample space 5. Sustainability
between pedestrians and trac Sustainability can be looked at in
could also eectively enhance terms of its liveability and vibrancy
safety and security of the township. or its environment-friendliness.
Green practices and features of
the overall development can
reduce maintenance cost in the
long run while minimising its

township carbon footprint.

Meanwhile, the
availability of
commercial
activities and

A
s the nation gallops to-
wards being a developed
2. Community well-being country, more areas are
There should be ample community being opened up into
recreational facilities such as parks, new townships. Howev-
football elds, badminton courts, and er, what sets these new
swimming pools that facilitate sports developments apart from their pre-
and leisure activities, as these not only decessors?
promote individual health but also build Evidently, there is more to township
closer community bonds. There should planning than merely a large-scale
also be shaded walkways and cycling housing area. The Malaysian Institute
paths that encourage residents to walk of Planners president Ihsan Zainal
or cycle to their destinations within the Mokhtar tells TheEdgeProperty.com
township rather than driving. that township planning needs a ho-
listic view to ensure all the relevant
components are intact in building a
sustainable township.
He puts forth three aspects of town-
ship planning that a developer should
focus on: the infrastructure, economic
activities and community well-being.
3. Liveability An important element of infra-
Well-planned structure is easy accessibility. We
townships should have seen some property develop-
incorporate ments that are located next to a high-
various way but do not have direct access to
components including amenities like them, he points out.
schools and commercial projects that
could house businesses that oer
convenient services to the growing
population. There could even be
industrial areas that could create job
opportunities and greater economic
activities.
amenities in the
However, convenient connectivity development could
does not just consist of a well-planned in turn create more
road network for vehicles, but for pe- business (or job) opportunities, thus
destrians and cyclists as well. Links for creating a vibrant place to live, work
residents to reach public transportation and play.
points are important too.
Public spaces and common facilities
can promote community well-being
as they provide areas for residents to 6. Accessibility
have recreational activities that could A township should have a road
bring vibrancy to the community and network that allows residents
encourage interaction. to reach their destinations
He propounds that a well-planned within the neighbourhood in
township also makes use of every sin- the shortest time. Besides that,
gle pocket of land or space by turning having strategic entrances or
it into a multi-functional space. For exits that
instance, a lake could be turned into a link to main
retention pond besides just being part highways
of the landscape. A lake can also reduce or roads
the temperature of its surrounding. facilitates
Another example is a green area ease of access
that could serve as a herb garden or into and out of
a vegetable farm. It could also help in the township.
retaining water in the soil as well as im-
prove the overall environment, he says.
Lets take a look at some ingredients
for a successful township development.
7. Aordability
A township shouldnt
be only an exclusive
development for a certain
income
group.
A healthy
community
needs to be
made up
of various
income groups to contribute
to its vibrancy.

Publisher and Group CEO

Ho Kay Tat

The Edge Property Sdn Bhd (1091814-P)
Level 3, Menara KLK, No 1 Jalan
PJU 7/6, Mutiara Damansara, 47810
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TEP 4 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

TO WN S H IP S P EC I A L R E P O RT
S P SETIA

01

02 SIME DARBY PROPERTY

03
LOW YEN YEING | TheEdgeProperty.com

How
Attractive and practical
common areas for leisure
and recreation can

townships
encourage community
bonding. Ihsan

have
evolved
T
he new township developments
that we are seeing today are a
far cry from the old housing es-
tates that many Malaysians have
called home over time. Hous-
ing developments have certain-
ly evolved over the years, in line with the
growing affluence of the Malaysian pop-
ulation.
Today, almost every new township is
planned to eventually be their own self-sus-
taining community that aims to provide a
comfortable living environment supported by
BY TAN AI LENG
LEN G amenities and vibrant commercial activities.
The design of the homes itself and the
overall master plan of the townships have
certainly changed, but Malaysian Institute
of Planners president Ihsan Zainal Mokhtar
observes that although the designs and con-
cepts today are very much different from
the housing developments designed in the
70s and 80s and earlier, the fundamentals
of what people need in a home remain un-
changed.
Other than location, the living envi-
ronment and safety are always in peoples
minds when choosing an ideal place to live,
he tells TheEdgeProperty.com.
He notes that developers of the new and
modern townships today understand this
and often promote these basic elements to
attract homebuyers.
Connectivity or accessibility from their
homes to other areas is another major con-
cern for property purchasers and therefore
a crucial aspect of township planning es-
pecially today.
Newer townships might be located in
areas that many of us may not have heard
of, but with good road planning and infra-
structure, residents could easily access other
places through highways. This has become a
FR IDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY TEP 5

TO W NS HI P S PEC I A L R EPORT
LOW YEN YEING | TheEdgeProperty.com MATRIX CONCEPTS HOLDINGS

04 KENNY YAP | TheEdgeProperty.com TROPICANA CORP

05
05 06
DESA PARKCITY

01 The eld in Setia City Park, Setia

Alam has become an activity place
for the public.

02 With proper cycling or jogging

paths such as the one in City of
Elmina,, residents are more willing
to step out of their homes and
enjoy the outdoors.

03 Matured housing estates are

close to various amenities but the
narrow roads are insucient to
cater to increasing trac usage.

04 Aside from recreational purposes, a

game changer and makes the new township
developments more appealing to buyers,
he opines.
The urban sprawl may have forced new
townships to be developed in suburban ar-
eas and previously undeveloped areas, but
it also allows for space to construct compre-
hensive master-planned developments that
offer various types of housing, amenities,
infrastructure and other features that make
for a dream place to live.
Taking into consideration the needs and
wants of increasingly discerning homebuy-
ers, the designs of houses in new townships
today offer varied and innovative concepts
for example, replacing back lanes that
we often see in old housing estates to a
garden or outdoor space for the family to
chill in. Many developers today are also
adding more greenery and green building
features into their projects such as ample
natural lighting and air ventilation, rain-
water harvesting systems and fitted solar
water heaters.
Ihsan observes that modern township
developments also feature lush landscap-
ing and various outdoor recreational facil-
ities, such as walking and jogging paths,
gardens and lakes, to encourage residents
to come out and exercise or interact with
other residents.
The public spaces for residents to enjoy
are important for community well-being as
these spaces and facilities could create a
lively atmosphere and attract future home-
buyers to purchase property there, he adds.
Indeed, the new and modern township
developments have a lot to offer, but older
housing estates remain attractive as they
are in well-established areas with mature
road networks and amenities.
Ihsan notes that older housing estates
lake could also serve as a retention
pond and help to bring down the
temperature of its surroundings.
07
05 Houses at Eco Sanctuary have no
fences but feature an open garden
that offer various amenities and mature concept.
business environment as well as good ac-
cessibility to other areas are still in demand. 06 An artists impression of the
However, their living environment could Market Square in Tropicana
be improved, he says. There are simple Heights, the commercial centre for
measures that can be carried out such as the township
turning small pocket lands in the neighbour-
hood into gardens, painting the back lanes 07 A well-planned recreational lake
to showcase artistic murals, or just simply with various facilities as well as
enhancing cleanliness. All these could ele- nice landscaping could be the key
vate the overall environment, he suggests, attraction of a township.
adding that improved lighting could also
help in preventing crime.
Be it old housing estates or modern day
townships, Ihsan concludes that there is
one fundamental need of homebuyers that
will never change a place where they
can call home.
Its not all about exclusivity or luxury.
Its a safe and liveable environment that
people are looking for, he says.
TEP 6 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

TO WN S H IP S P EC I A L R E P O RT
LOW YEN YEING | TheEdgeProperty.com

Property hotspots distance

to Kuala Lumpur city centre
How 1. Semenyih

far
Popular Jalan Semenyih Pintasan
routes Kajang-Semenyih bypass
Grand Saga Highway Jalan
Damansara Jalan Tun
Sambanthan Jalan Hang
Kasturi
Jalan Semenyih SILK KL- Jalan Semenyih
Seremban Highway Jalan SILK BESRAYA
Istana Jalan Damansara Jalan Damansara
Jalan Tun Sambanthan Jalan Tun Sambanthan
Jalan Hang Kasturi Jalan Hang Kasturi

Distance 40km 44km 46km

is far?
(one way)
Travel time 45 min 48 min 50 min
without trac
(one way)
Toll fees RM1.30 Grand Saga: Batu 9 RM1.80 SILK: Bukit Kajang RM1.80 SILK: Sungai
(one way)* toll RM1.80 SILK: Sungai Ramal Long
RM1.30 Grand Saga: Batu 11 RM1.80 PLUS: Kajang to RM2 Besraya: Mines
toll Sungai Besi North
What may seem far today may
not be so tomorrow * Toll fee source from Malaysian Highway Authority as of July 21

*SOURCE FROM MALAYSIAN HIGHWAY AUTHORITY AS AT JULY 21

BY R ACHEL CHEW

The areas along the Guthrie Corridor Expressway
have been earmarked as a growth corridor.
T
2. Telok Panglima Garang
he golden rule of prop-
erty location, loca- Popular Jalan Klang Jalan Klang Jalan Klang
tion, location has routes Banting Banting KESAS Banting KESAS
become almost a clich. SKVE ELITE Subang-Kelana Persiaran
However, does location SPRINT Jalan Jaya Link Kewajipan
really take top priority Damansara Federal Highway NPE Jalan
these days? Jalan Tun Jalan Syed Putra Bangsar Jalan
Take a stroll through the green Sambanthan Jalan Damansara Damansara
central park in Desa ParkCity locat- Jalan Hang Jalan Tun Jalan Tun
ed at the border of Kuala Lumpurs Kasturi Sambanthan Sambanthan
Kepong and Selangors Petaling Jalan Hang Jalan Hang
Jaya. Do you know that it is locat- Kasturi Kasturi
ed at the farthest point of Kepong
Distance 60.7km 53.2km 52.6km
town centre and Petaling Jaya? It (one way)
is also about 20km away from KL
city centre. Travel time
When Perdana ParkCity Sdn without trac 57 min 1h 6 min 1h 7 min
Bhd announced the master devel- (one way)
opment plan for the 473-acre quarry
wasteland some 15 years ago, no one RM2.70 RM2 RM2.30
seemed convinced because mas- Toll fees SKVE: Telok KESAS: Kemuning NPE: PJS 5
ter-planned township projects were (one way)* Panglima RM1
fairly new to the market back then. Garang to NPE: PJS 2
Then was also when most people Saujana Putra
believed in location and distance to RM2
KL city centre as the primary selling SPRINT:
point for any property project. Damansara
Today, Desa ParkCity is well con-
nected via major highways such as
the Damansara-Puchong Highway, cal centres, international schools, we have seen more large-scale town-
Middle Ring Road 2 and Pencha- offices and green spaces. ship projects being launched further
la Link. One of the keys to Setia Alams away from city and town centres.
The township has also become the success was the RM200 million
model for many new master-planned North Klang Valley Expressway From bucolic towns to vibrant
township developments in the coun- (NKVE)-Setia Alam interchange that hotspots
try. It has certainly turned a negligible opened in 2006, which improved Lets take a look at some of these
part of Kepong around and lifted its accessibility to Setia Alam tremen- once-quiet areas in the Klang Val-
stature in the eyes of homebuyers. dously. Besides the NKVE-Setia ley and Greater KL that some may
Another example of how a suc- Alam Link, the township is also ac-
A consider to be far away in terms
cessful township can be creat- cessible via the Federal Highway, of distance from KL city centre.
ed seemingly far away from the Jalan Meru, New North Klang Straits However, these areas potential is
city is Setia Alam in Shah Alam, Bypass and Shah Alam Expressway too great to ignore and one could
Selangor by developer S P Set- (KESAS). only conclude that they may not
ia Bhd. Situated about 38km to These developments have prov- be that far away after all, thanks to
the west of central KL, the 2,525- en that a good master plan that also their growing accessibility and im-
acre integrated township devel- considers accessibility is critical to proving public transport infrastruc-
opment, which began in 2004, is the success of a township develop- ture. Whats more, many of the new
about 70% developed so far. The ment, taking precedence over the townships coming in these areas
freehold township will eventually location itself. In todays context, as are all planned to be self-contained
house over 30,000 residential and urban development cost continues townships that will provide almost
commercial properties, shopping to escalate with land for develop- everything within easy reach of
malls, convention centres, medi- ment becoming increasingly scarce, their future residents.
FR IDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY
3. Seremban
Popular Lebuhraya Seremban
routes Bukit Nanas PLUS
KL Seremban Highway
Jalan Istana Jalan
Damansara Jalan Tun
Sambanthan Jalan
Hang Kasturi
Distance
70km
(one way)
Travel time 1h 18 min
without trac
(one way)
Toll fees RM7.20 PLUS:
(one way)* Seremban to Sungai Besi
The Sungai Buloh-Kajang MRT Line has made
Kajang
On the southeast of KL lies Kajang,
familiar to many as the home of
the popular Kajang satay. This old
town is located 25km away from
KL city centre and is known as one
of the best places for foodie day
trippers from the Klang Valley. Be-
sides the various highways that lead
to Kajang, the recent completion
of the Sungai Buloh-Kajang MRT
Line means that more people can
now consider making Kajang their
home even if they work in the Klang
Valley. Indeed, Kajang has seen
new residential projects launched
and marketed to Klang Valley folk.
One of the latest township devel-
opments in Kajang is Tropicana
Heights by Tropicana Corp Bhd.
Tropicana Heights is a 199-acre
freehold master-plan development
with a huge green lung. The develop-
ment is anchored by a 16-acre central
park with a 750m linear lake. The de-
velopment is well connected by the
Kajang Silk Highway, North-South
Expressway (NSE), South Klang
Valley Expressway (SKVE) and Ka-
jang-Seremban Highway (LEKAS).
Semenyih
Certainly no one can ignore Ka-
jangs neighbour Semenyih. This
peaceful suburb popularly
known for its natural outdoor attrac-
tions such as Broga Hill, Congkak
Jalan Tun Dr Ismail,
Seremban Pintasan
Kajang-Semenyih bypass
Grand Saga Highway Jalan
Damansara Jalan Tun
Sambanthan Jalan Hang
Kasturi
71.2km
1h 38 min
RM6 LEKAS: Setul to (one way)*
Kajang Selatan
RM1.30 Grand Saga: Batu 9
RM1.30 Grand Saga: Batu 11
Kajang even more accessible.
SUHAIMI YUSUF | THE EDGE
River Forest Recreational Centre
and Sungai Gabai Waterfalls is
slowly emerging as a new proper-
ty hotspot as overall development
growth heads towards the south of
Greater KL.
Numerous township projects
have been introduced in the last
six years, such as Setia EcoHill by S
P Setia and United Malayan Land
Bhds (UMLand) 360-acre township
in Mahkota Hills.
Situated in Semenyih South and
next to the mesmerising Broga Hills,
UMLands freehold township offers
a balanced mix of residential and
commercial properties as well as
amenities. The first phase, known
as Albury @ Mahkota Hills, con-
sists of 331 single-storey and 382
double-storey terraced homes on
52 acres of land while the second
phase is offering the remaining 126
double-storey homes this August.
Located about 55km southeast
of KL city centre, Mahkota Hills is
accessible via the Cheras-Kajang
Expressway and LEKAS.
Salak Tinggi
Salak Tinggi is about 60km away
from KL city centre and 15km
away from KL International Airport
(KLIA) and KLIA 2. Its improved
connectivity of highways and pub-
lic transport such as the Express
Rail Link (ERL) have encouraged
TEP 7
TO W NS HI P S PEC I A L R EPORT
SOURCE: Google Maps | GRAPHICS: NURUL AIDA MOHD NOOR
of new residential developments
4. Salak Tinggi by some of the countrys leading
property developers. Offering mid-
to high-end homes aimed at new
Popular Persiaran Persiaran Persiaran
homebuyers and upgraders, these
routes Pusat Bandar Pusat Bandar Pusat Bandar
developments include Tropicana
PLUS KL- Pintasan Dengkil Lebuhraya KLIA
Aman by Tropicana, Bandar Rim-
Seremban bypass MEX Extension
bayu by IJM Land and Eco Sanc-
Highway KL-Seremban KL-Seremban
tuary by Eco World Development
Jalan Istana
Jalan
Highway Jalan
Istana Jalan
Highway Jalan
Istana Jalan
Group Bhd.
The 863-acre Tropicana Aman is
Damansara Damansara Damansara
situated right next to Kota Kemun-
Jalan Tun Jalan Tun Jalan Tun
ing. The township is designed as
Sambanthan Sambanthan Sambanthan
a walking and biking community
Jalan Hang Jalan Hang Jalan Hang
where one can enjoy the conveni-
Kasturi Kasturi Kasturi
ence of vibrant commercial hubs, all
Distance anchored by an 85-acre central park.
57.7km 58km 68.4km
(one way) Meanwhile, the 1,879-acre Ban-
dar Rimbayu was introduced in
Travel time 53 min 1h 1h 9 min
2013, consisting of four precincts
without offering a good balance of residen-
trac tial and commercial properties as
(one way)
well as green spaces. There are 8.4
Toll fees RM4.70 RM3.50 RM4.30
acres of lush greenery in the central
PLUS: Nilai to MEX: Putrajaya PLUS: KLIA to
park, which is well equipped with
Sungai Besi Putrajaya
a neighbourhood square, football
RM3.50
field, multipurpose court, futsal
MEX: Putrajaya
court, playground, jogging track
and outdoor gym.
As for the 308.7-acre Eco Sanctu-
ary, which was launched in 2015, it is
an eco-themed luxury development
that emphasises a green and healthy
lifestyle. With an estimated GDV
of RM8 billion, it comprises seven
more developers to develop in Negeri Sembilan. It is a 2,300-acre precincts and a commercial hub.
this suburb one such example self-contained township offering Currently, Kota Kemuning /
is Sunsuria City by Sunsuria Bhd. modern amenities and conveni- Telok Panglima Garang is accessi-
Branded as an Intelligent City, ence of a city while maintaining the ble via KESAS and Kemuning-Shah
International Landmark, the unique grace and serenity of a country at- Alam Highway. With the opening
selling point of the 525-acre Sunsuria mosphere. To date, development in of the Saujana Link next year, these
City is not only the public transport Seremban 2 is 90% completed with places will be connected to ELITE
connectivity, but also Xiamen Uni- a population of 50,000. Seremban 2 and SKVE, enabling easy access to
versity Malaysia. is located 1km from the Seremban Puchong, USJ, Subang Jaya as well
The township development has toll plaza and 4km from Seremban as Cyberjaya and Putrajaya. One
a gross development value (GDV) town. It is about 20km away from the would even be able to reach KLIA
of RM10 billion and comprises re- proposed Seremban HSR station. in half an hour.
tail malls, condominiums, serviced
apartments, commercial shoplots, Guthrie Corridor Distance is relative
schools, parks, hotels and landed In Selangor, the areas along the For homebuyers today, connectivi-
residential homes. Guthrie Corridor Expressway that ty and highway accessibility should
Other than the ERL, the township links Shah Alam to Rawang have possibly be among their top con-
is currently also accessible via the been earmarked as a growth corri- siderations in their purchase de-
North-South Expressway Central dor under the Selangor Vision City cision.
Link (ELITE) and Putrajaya-Cyber- Plan spearheaded by Sime Darby Some of the common factors
jaya Expressway. Property Bhd. shared by the above-mentioned
One of the latest and most sig- township developments are their
Seremban nificant developments in Selangor good accessibility via current or up-
Further south into the next state of Vision City and along this growth coming highways and interchanges,
Negeri Sembilan, the capital Ser- corridor is the massive City of Elmi- and even rail transport. The ques-
emban has been given a facelift na township. Spanning 5,000 acres, tion homebuyers should ask today
with new townships such as Ser- it features full-fledged amenities is not how far but rather how long
emban 2 by IJM Land and Bandar including a 300-acre central park, it takes to get there.
Sri Sendayan by Matrix Concepts 90km of cycling and jogging tracks, The new township developments
Holdings Bhd. a shopping mall, two public trans- also offer extensive master plan and
Already many Seremban res- port lines, an education hub, and a attractive lifestyle concepts. They
idents do not mind the travel up healthcare and wellness centre. It offer mostly landed properties at
to Selangor and KL, be it for work is set to be the next self-contained relatively lower property prices
or leisure, as they could reach KL township in the north of KL. compared with more established
in slightly more than an hour via Among the earlier residential de- townships and they are all pretty
the NSE and Seremban-Port Dick- velopments along the corridor were accessible via highways.
son Highway. They could also use Bukit Jelutong and Bukit Subang, We have done some homework
ELITE and LEKAS or take the KTM which have seen the houses there for you by calculating the distance
Komuter. gaining strong capital appreciation between KL city centre and four new
Notably, there is a proposed stop over the years. township hotspots, namely Semeny-
in Seremban along the KL-Singapore ih, Telok Panglima Garang, Salak
high-speed rail (HSR) route, which Kota Kemuning / Tinggi and Seremban. Using Google
is expected to be ready by 2022. Teluk Panglima Garang Maps, we found that you can reach
Spanning 5,233 acres of free- The rapid development of and im- KL city centre, if you really need to
hold land in Seremban, Bandar Sri proved connectivity to Kota Ke- be there, at around 45 minutes to
Sendayan offers residential, com- muning, Selangor have been push- about an hour from three of these
mercial, institutional and indus- ing up property prices there. areas. Seremban, of course, may take
trial properties and amenities that According to TheEdgeProperty. a little bit more time. The timing is
include an international school. It com data, the average transacted based on the use of the more pop-
is expected to have a population of price of residential properties in Kota ular routes during non-peak hours.
120,000. The township is located Kemuning has grown 35% from 2012 However, considering the fact that
16km away from Labu, where the (RM297 psf) to 2016 (RM401 psf). Cheras folk may take more than
HSR station will be located. Subsequently, the areas in Teluk an hour to get to Petaling Jaya on a
Meanwhile, Seremban 2 is IJM Panglima Garang, south of Kota Ke- normal working day, distance and
Lands flagship development in muning, have seen the emergence journey time is therefore relative.
FR IDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY
Grandezzas grand entrance statement
A haven
for lifestyle upgraders
L
ocated in the southwest
corridor of the Klang Valley,
south of Kota Kemuning, lies
the 308-acre Eco Sanctuary.
The township development
by Eco World Development
Group Bhd (EcoWorld) is accessible via
the Shah Alam Expressway (KESAS) and
Kemuning-Shah Alam Highway (LKSA).
With the opening of the Saujana Link
next year, Eco Sanctuary will be con-
nected to the North-South Expressway
Central Link (ELITE) and South Klang
Valley Expressway (SKVE), enabling easy
access to Puchong, USJ, Subang Jaya,
as well as Cyberjaya and Putrajaya.
One would even be able to reach Kuala
Lumpur International Airport in around
half an hour.
Ho Kwee Hong, Divisional General
Manager of Eco Sanctuary, says Eco Sanc-
tuary residents will enjoy even greater
accessibility following the completion
of the first stretch of the West Coast Ex-
pressway (WCE) linking Banting and
Port Klang to Taiping which is slated
to be completed by early 2019.
Launched in 2015, this township is
tapping on a total population of about
100,000 within a 5km radius, stretching
across Kota Kemuning, Kemuning Utama
and Bukit Rimau.
Lifestyle living
Eco Sanctuary is ideal for homebuyers
who are looking to live in a community
that provides lifestyle living and con-
veniences.
As its name suggests, Eco Sanctuary
is a haven or oasis we want our pur-
chasers to be mesmerised by the place
they live in. To achieve this, we need to
fulfil all their needs and wants, but at
prices they can afford, says Ho.
The township comprises seven par-
cels, of which three will be for land-
ed housing projects, three for high-
rise residential projects and one for Eco
Sanctuary City the commercial hub of the
township.
To create a tranquil and nature-infused
ambience, as many as 700 mature trees com-
prising 50 species have been transplanted
along the boulevards and main roads. Some
of those trees will be transplanted to the gat-
ed-and-guarded residential parcels which
have been launched. Furthermore, 30% of
land in each residential precinct is allocated
for green spaces.
So far, EcoWorld has launched Monterey,
Terraza and Grandezza landed homes and The
Parque Residences condominium.
All the residential precincts will be gated
and guarded, with each having its own secu-
rity guard house, entrance statement and a
clubhouse for residents, where each is spe-
cially carved to meet the needs of different
groups of upgraders.
There are two types of upgraders one could accommodate 100 guests, fully-equipped
looking for spacious homes that could represent
their social status, and another one is made up
of empty nesters who are currently staying in
large landed homes, but are now looking for
smaller lifestyle homes, Ho explains.
For the first group, Eco Sanctuary offers
various landed home choices from semi-dees
to bungalows with a mix of layouts to suit
ones needs.
The first landed housing project Monterey
covers 66 acres and offers 353 units of semi-
dees, zero-lot bungalows and bungalows, with
sizes between 36 ft by 85 ft and 60 ft by 100
ft. They come with eco-friendly fittings such
as solar hot water system and rainwater har-
vesting systems.
Meanwhile, the 47-acre Terraza comprises
The Parque Residences boasts 12 acres of greenery and landscape.
Eco Sanctuary is not
only building hardware,
but also inserting the
software which fulfils
the residents needs and
wants. Ho
358 units of double-storey terraced homes of
24 ft by 85 ft and 26 ft by 80 ft.
For those who want more exclusive homes,
there is the final landed, gated-and-guarded
precinct in Eco Sanctuary aptly called Gran-
dezza.
Launched at the end of 2016 and slated
to be ready in September 2019, the 68-acre
Grandezza with a gross development
value of RM700 million has the lowest
density in the township with only 3.8 units
per acre. It consists of only 260 units, of
which 100 units are bungalows and 160
units are semi-dees.
We have been very meticulous in the de-
sign and have provided the space for facilities,
taking into consideration the residents current
and future needs, Ho notes.
For instance, some of the bungalows come
with reflective pools and designated sentry
posts for private security personnel. Each home
also comes with a deep cantilevered balcony
and a linear back garden of at least 30 ft.
For lifestyle upgraders
For those looking at upgrading their lifestyle
while down-sizing, The Parque Residences
will definitely capture their attention with
its design concept and the software that
EcoWorld is putting in.
The RM379 million development compris-
es two phases. The first phase was launched
in 2016 with 594 units across three towers.
The second phase will be launched in 2018
with 494 units.
The developer has allocated 12 acres of
the 27-acre project site for green spaces and
some 20,000 sq ft of space in the mid-rise
condominium for as many as 25 wellness and
leisure facilities.
The facilities will include an entertainment
or function room with gourmet kitchen that
gymnasium, reading corner, theme-park-like
water playground, spa and steam room, and
multipurpose sports court, shares Ho.
For residents who like nature and outdoor
activities, there is an outdoor gym, a 360-de-
gree garden, herb garden, jogging path, forest
park as well as fruit orchard.
In line with the wellness theme of the
project, Ho says Eco Sanctuary has part-
nered with Managedcare, a wholly-owned
subsidiary of Aged Care Group Sdn Bhd, to
provide 24-hour nurse-on-call service and
emergency medical assistance service for
residents of The Parque Residences.
Known as the Eco Sanctuary Care Hub, it
is the first dedicated care and wellness service
offered by a developer in a high-rise residential
TEP 9
project in Malaysia, she says.
Besides the 24-hour emergency medi-
cal assistance, the care hub will also have
part-time nurses and a caretaker service
for residents who need help, for instance
when an emergency arises at home, or
when children or elderly parents fall sick
or need care services.
The care hub will also have experts to
provide professional consultation services
or wellness programmes to the residents.
This is the software that distinguish-
es us from other projects, Ho emphasis-
es. The homes are slated to be handed
over to their owners from 2018 while the
entire township is estimated to be com-
pleted in 2022.
Eco Sanctuary is also an ideal devel-
opment for Gen-X upgraders as well as
Gen-Y first-time homebuyers, says Ho.
Eco Sanctuary City
Eco Sanctuarys upcoming commercial
hub will be the 62-acre Eco Sanctuary
City, comprising shopoffices, a shopping
mall, office towers, a hotel and a conven-
tion centre. It is strategically located near
the Saujana Link entrance.
Eco Somerset 1, a lifestyle shopoffice
development at Eco Sanctuary City, was
launched in April last year. About 70% of
the 88 units open for sale were sold on
the day of the launch.
We will start construction of phase
1 of the mall this year. Named Sanctu-
ary Mall, it will be based on a strip mall
concept and will comprise over 50 retail
units. The first phase is about 130,000 sq
ft and we are looking at adding on an-
other 500,000 sq ft in the second phase.
We are targeting to open the mall by
end-2018, Ho says.
The development of phase 2 will begin
two to three years after phase 1 and will
see more commercial elements being in-
tegrated with the mall such as serviced
apartments, offices and hotels as well as
convention centres, she adds. She envi-
sions Eco Sanctuary City to eventually
be the commercial hub for the township
and for the surrounding areas.
BROUGHT TO YOU BY
TEP 10
Bandar Sri Sendayan
a sustainable living environment
S
eremban may not have been an
attractive place for homebuyers or
property investors in the past, but
with the emergence of new and
modern township developments such as
Bandar Sri Sendayan (BSS) by Matrix Con-
cepts Holdings Bhd, this laid-back capital
of Negeri Sembilan is now definitely on
the radar of home seekers and investors.
Envisioned to be the next Damansara of
Seremban, BSS was planned and designed
as an integrated hub for people to live, work
and play in a sanctuary-like environment.
The 5,233-acre freehold development
is the flagship development of Serem-
ban-based Matrix Concepts, which was
incorporated in 1997 and listed on Bursa
Malaysias Main Market in 2013.
BSS is a nature-inspired sanctuary,
where over 20% of the total development
is dedicated for orchards, green parks and
individual neighbourhood gardens to pro-
mote a healthy lifestyle and community
living, says Matrix Concepts chief sales
and marketing officer Lim Kok Yee.
The developer has allocated 35% of
the township for residential and recrea-
tional developments, 20% for Sendayan
TechValley, 14% for the Royal Malaysian
Air Force academic and training project,
and the remaining 10% for commercial
and institutional developments.
These elements exemplify our vision
for BSS of Nurturing Environments, En-
riching Lives, he highlights.
ALL SET TO GROW
Launched in 2006, BSS is now home to
over 30,000 residents. Matrix Concepts
anticipates the population to increase to
more than 120,000 upon the townships
completion by 2022.
According to the Department of Statis-
tics, Seremban currently has a population
of 536,147, which is projected to grow about
3% annually. It is estimated that the pop-
ulation could reach over 750,000 by 2020.
Currently, Seremban and Nilai account
for about half of Negeri Sembilans total
population.
We anticipate good demand for our
quality and well-designed homes which
are offered from RM230 psf, he notes.
The self-contained township also fea-
tures a 100-acre integrated central busi-
ness hub with business activities catered
to local needs, a 380,000-sq ft club called
dTempat Country Club, offering various
recreational facilities, and the dSora bou-
tique business hotel, which is managed by
Matrix Concepts.
The good accessibility has attracted
over 10 multinational companies such as
Daihatsu, Mitsubishi, Hino Motors and Nip-
Resort Homes is poised to be an iconic precinct within the township.
pon Kayaku to set-up their plants in Sen-
dayan TechValley, its industrial compo-
nent, says Lim.
BSS is accessible via the Kajang-Ser-
emban Highway, North-South Expressway
Central Link and North-South Express-
way (NSE). A new interchange along the
NSE, just before the existing Seremban/
Labu Toll, will eventually shorten the
distance from Kuala Lumpur to BSS. In
addition, the soon-to-be-completed KL
International Airport Link will boost BSS
accessibility further.
With easy accessibility and ample
work opportunities within the township,
BSS has attracted not only locals but also
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Launched in 2006, BSS is now home to over 30,000 residents.
those from the Klang Valley. Lim observes
that less than 40% of BSS buyers were from
the Klang Valley before 2015. However, the
number has increased significantly to 50%
and 60% in 2015 and 2016, respectively.
After more than 10 years of development,
most of the infrastructure and amenities are
already in place, such as the Matrix Global
Schools, Sendayan TechValley and dTempat
Country Club. The facilities at dTempat Coun-
try Club include an Olympic-sized swimming
pool, a children paddle pool, a gymnasium,
an indoor children play room, a sauna and
steam room, a 10-lane bowling alley, a bar
lounge and a banquet hall for functions.
The complete infrastructure and amen-
BSS has attracted
Klang Valley
buyers for its easy
accessibility and
promising master
plan. Lim
ities have made BSS more appealing to
young prospective buyers. We believe the
shift to BSS from the huge catchment
within the Klang Valley will continue, as
we are offering quality yet competitively
priced properties, says Lim.
OFFERING SPACIOUS HOMES
This year, the developer has launched a
variety of 2-storey superlink launches
namely Suriaman, Resort Homes and
Ara Sendayan, which were well received
and sold within months of their launched
dates. Due to the overwhelming response,
the developer is now taking in registra-
tions for the new phase at Resort Homes
and Ara Sendayan.
Resort Homes will be offering 52 units
of double-storey semi-dees measuring
50 ft by 100 ft. It is poised to be an iconic
premier precinct within BSS, offering lin-
ear parks, barbecue areas, pocket gardens
and water spouts.
EMPHASIS ON SUSTAINABILITY
For Matrix Concepts, sustainability is the
most important element in township plan-
ning.
For instance, the developer has includ-
ed Sendayan TechValley into the township
planning to create job opportunities and
attract private investments. Today, it has
become an industrial hub that has attract-
ed billions of ringgit in foreign direct in-
vestments (FDI) with various multinational
manufacturing companies from Germany,
France, the UK, Japan and China setting
up their high technology manufacturing
facilities there.
Being an integrated township, we also
provide quality private and international
education choices, be it the well-equipped
public schools within BSS or our full-cam-
pus Matrix Global Schools, Lim notes.
Meanwhile, the green recreational spaces
and dTempat Country Club were complet-
ed in 2015 to cater for residents wellness
and leisure activities.
Our strength has always been our lo-
cal knowledge in the places we develop
in. With the determination of the state
government to accelerate the economic
growth in the state and to attract more
FDI, we are confident that BSS will be a
successful development, Lim enthuses.
BROUGHT TO YOU BY
TEP 12 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Desa ParkCity
an exemplary township development

Plaza Arkadia 
@ ParkCity 
TownCentre 





    

    












  
  
  
  
 
 The founding principles 
  
  
  
  
  
  
  
  
  
 
 Playground @ Central Park  

  
  
    
       
    
    
    
    
    
  
  
 
  
   Building the
   ParkCity brand
      
    MASTER DEVELOPER
   
   
   
   
   
TEP 16
Setia Alam continues to enhance
its liveability and value
Setia Alam is currently about 70% developed and will eventually house over
30,000 residential and commercial properties.
A
successful township requires
more than just good planning
it must go hand-in-hand with
good execution to bring the plans
to life. S P Setia Bhds flagship township of
Setia Alam is a testament to the develop-
ers ability to translate drawings on paper
into a self-contained, vibrant and sustain-
able township. In 2013, the township was
awarded the World Prix dExcellence Award
for best master plan development by Fia-
bci (International Real Estate Federation).
The 2,525-acre township had its first
launch back in 2004 and its first homes
were handed over in 2006. Currently about
70% developed, the freehold township will
eventually house over 30,000 residential
and commercial properties. It is also home
to S P Setia Corporate Headquarters, the
winner of the Fiabci Prix dExcellence
Awards 2016 for best sustainable devel-
opment.
According to Bandar Setia Alam gen-
eral manager Tan Siow Chung, Setia
Alam was planned based on the devel-
opers total development philosophy of
that emphasises ho-
listic living. This has become the DNA for
all the developers subsequent townships.
Live is the biggest component of this
township. We have various homes that
cater to people from all walks of life, from
affordable homes and terraced homes,
to semi-detached and exclusive villas,
he says.
Security is given utmost priority to
ensure minimal worries for Setia Alam
residents. Its safety and security aspects
have been well-thought out since day one
[of the development].
The township consists of both gated
and non-gated guarded homes, but even at
the non-gated precincts, there are securi-
ty checkpoints located at their respective
single-entry points. There are also hedges
and streams, which not only make a nice
landscape but also act as natural barri-
ers, says Tan.
The gated-and-guarded homes as well
as the affordable apartment developments
are protected by perimeter fencing and
24-hour security patrolling. The more-ex-
clusive villas have advanced perimeter
intrusion detection system, CCTVs and
double boom gate systems.
We also have the S P Setia Auxiliary
Police Force. So residents can have peace
of mind, says Tan.
Fostering community living
The residential component comprises
The ideal would be to
all in
Setia Alam. Tan
various precincts, each designed, planned
and oriented in such a way that facili-
tates community bonding as well as to
enhance security.
The houses are organised around a
Village Green that can be reached via
landscaped pedestrian paths called Green
Fingers. Each house is just a street away
from the Village Green where residents
can access a playground, kindergarten,
community hall and surau.
The Village Green concept enables
line-of-sight monitoring of the community
amenities, so neighbours share the respon-
sibility of watching out for the children at
the playground or elderly residents at the
park, shares Tan.
The public parks in Setia Alam have
brought home several accolades. The Ur-
ban Park received the Honour Award at
the Malaysia Landscape Architects Award
2015 while the Wetlands Park took home
the Special Honour Award in 2016.
Recently, in conjunction with the
Hari Raya celebration, S P Setia adorned
Setia City Park with LED lights, bringing
the festive joy to the Setia Alam commu-
nity. We always like to share our pride and
joy with the community here, says Tan.
Commercial and
economic factors
Economic sustainability is an important
factor in Setia Alams value creation.
The worlds largest rubber glove man-
ufacturer Top Glove Corp Bhd has its
corporate tower in Setia Alam. Another
leading glove manufacturer Kossan Rub-
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ber Industries Bhd recently decided to
have their new corporate headquarters
here as well.
We plan to attract more large corpo-
rations and MNCs to set up office here to
increase the vibrancy of our commercial
hub. And with two convention centres
in place, we also see the need for hotels
to cater to those attending conferences,
says Tan.
Upcoming commercial developments
at Setia Alam include Setia City Mall phase
2, which will see construction begin this
month (August). This development will
also be linked to Setia City Residences for
the convenience of residents of the service
apartments block.
Meanwhile, the 41-acre National In-
stitute of Health (NIH) is targeted to be
completed this October. The complex will
comprise office buildings, health man-
agement institutions, a medical research
centre, facility blocks, a kindergarten and
staff quarters.
Upon completion, it will house around
5,000 personnel from the Ministry of
Health, and provide a conducive research
environment for health and research prac-
titioners.
Setia Alam also boasts several edu-
cation institutions including both public
and international schools such as SJK (C)
Pin Hwa, SJK (Tamil) North Hummock,
Sekolah Kebangsaan Bandar Setia Alam,
Sekolah Menengah Bandar Setia Alam,
Tenby International School, Idrissi Interna-
tional School and the upcoming Peninsula
School, which is an international school
offering Australias Victorian Curriculum.
Continuous upgrading to
enhance liveability
One of the current challenges faced in Se-
tia Alam is the growth in traffic. We have
opened up the Meru Corridor. Currently,
we have developed about 20,000 homes
in Setia Alam but the North Klang Valley
Expressway (NKVE)-Setia Alam Link is al-
ready strained, Tan says, adding that the
infrastructure in Setia Alam also serves
those in the surrounding areas. Howev-
er, he hints that there will be upgrading
works on the highway in the near future.
There will also be the West Coast Ex-
pressway and the Damansara-Shah Alam
Expressway, which will make it even more
convenient for Setia Alam residents to go
just about anywhere, besides improving
connectivity and footfalls to Setia Alam,
he adds.
Currently, besides the NKVE-Setia Alam
Link, the township is accessible via Fed-
eral Highway, Jalan Meru, New North
Klang Straits Bypass and Shah Alam
Expressway.
S P Setia has recently added about
380 parking bays for visitors to the town-
ships popular pasar malam, which is
on every Saturday. It is the longest pasar
malam in Malaysia, stretching 2.4km
along Jalan Setia Prima A U13/A. The
developer has also submitted plans to
have a wet market north of Setia Alam.
Gearing up for more
property launches
There will be several property launch-
es in the township before the year ends
including Rimba Villa with 2-storey
linked semi-detached homes in a
gated-and-guarded environment, dou-
ble-storey terraced homes at Precinct 17
and 3-storey terraced and linked semi-de-
tached homes in Precinct 11.
We offer the full spectrum when it
comes to home styles, sizes and prices.
While Setia Alam offers a good entry
point for first-time property owners,
it also offers opportunities for current
residents to upgrade their homes with
minimal lifestyle and career adjust-
ments, he says.
We also have various types of Rumah
Selangorku with built-ups ranging from
750 sq ft to 900 sq ft, all come with three
bedrooms.
With the Setia 10:90 programme, pur-
chasers pay 10% down payment for a
property, and the remaining sum paya-
ble only after the property is completed.
The ideal would be to
all in Setia Alam. With all these going on,
we foresee Setia Alam to scale to even
greater heights. It boils down to good plan-
ning and execution, concludes Tan.
Visit Setia Alams Sales Gallery at
Setia Alam Welcome Centre
No.2 Jalan Setia Indah AD U13/AD
Setia Alam, Seksyen U13
40170 Shah Alam, Selangor
T: + 603 3343 2255
www.setiaalam.com.my
BROUGHT TO YOU BY
TEP 18
Denai Alam
a gem along the
Guthrie Corridor
T
o avoid the stress of
long daily commutes,
many people choose to
stay near where they earn
their bread and butter.
This works well for people who
do not mind the constant buzzing
and unceasing motion and activity.
On the other hand, there are
those who prefer dove-like tranquil-
ity surrounded by nature. The only
problem is that such luxury may be
either too expensive or remote.
However, a new development in the
Klang Valley has shown that you
can have your cake and eat it too.
Located in Shah Alam, along
the Guthrie Corridor Expressway,
Denai Alam presents expansive
green spaces and adequate essen-
tials for daily conveniences. While
the citys din and drone is kept at
a distance, the cherry on the cake
is that you can still enjoy smooth
commute to the city via its excel-
lent connectivity.
Situated within the 5,000-
acre City of Elmina, Denai Alam is
a 1,000-acre township develop-
ment with a gross development
value (GDV) of RM3.3 billion. De-
Denai Alam is a 1,000-acre township within
City of Elmina with a GDV of RM3.3 billion.
veloped by Sime Darby Property,
it consists of double-storey link
houses, semi-dees and bunga-
lows. The supporting amenities
include schools, shoplots, foot-
ball fields, four pond parks, com-
munity halls, jogging and cycling
tracks, a sports complex, mosque,
police station and fire station, ac-
cording to Sime Darby Property
head of township Edward Heng.
He adds that the shoplots offer a
wide range of goods and services,
from banks to F&B.
Well-connected
One of the first priorities is to en-
sure that Denai Alam has excellent
accessibility, says Heng. The town-
ship is serviced by the Guthrie Cor-
ridor Expressway, New Klang Valley
Expressway, Shah Alam Express-
way, Kuala Lumpur-Kuala Selangor
Expressway and Federal Highway.
The upcoming Daman-
sara-Shah Alam Highway that is
expected to be completed in early
2020 will shorten travel time from
Denai Alam to KL, thus further
enhancing the connectivity of the
township, he says.
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Denai Alam is a low
density township with
lush green areas.
Denai Alam is a stones
throw away from a 2,700-
acre forest reserve.
as the team was carefully out-
lining the right product that is
able to complement the overall
product offering in the entire City
of Elmina.
For example, our initial plan
for Plot J1 was to build bunga-
lows, but then we decided to build
double-storey link houses. The
link houses are expected to com-
plement other products in City of
Elmina, such as the recently
launched Viana double-storey
A lot of people link houses and Tiana semi-dees
in Elmina East, which is anoth-
are unaware of er township adjacent to Denai
this gem in the Alam, he says.
Klang Valley. Optimal liveability
With the wide array of ameni-
Heng ties, excellent connectivity and
lush green, low-density environ-
ment, Denai Alam is a mature
township where one can work in
The mass rapid transit and light many parcels left for development. KL city centre while enjoying a
rail transit stations are also part of For those who have missed out on balanced lifestyle in the suburb,
its future plans. earlier launches, Sime Darby Prop- Heng stresses.
erty will be unveiling the remaining The freehold landed homes in
Cooler environment landed homes soon. the township are only selling from
Heng notes that another key unique According to Heng, the develop- RM700,000 onwards, making
selling point of Denai Alam is the er will be launching the 390 units of them a good buy for young buy-
low-density living environment with landed houses on two plots of land ers, double-income families, up-
vast greeneries. Plot J1 and Plot H1. graders and investors, he says.
Currently, it houses a popula- With a GDV of RM170 million, Plot This is a place where people
tion of 30,000 in 4,762 residential J1 is sitting on a 23-acre freehold would love to stay. A lot of peo-
properties, while 390 units are in site. It comprises 228 double-sto- ple were surprised by the beauty
the pipeline. rey link houses measuring 22 ft by and liveability of Denai Alam when
He adds that Denai Alam offers 70 ft and 22 ft by 75 ft. Targeted to they first came here, saying that
a healthy and comfortable living be launched in October or November they were not aware that this
environment as the temperature in this year, the houses will be selling place existed in the Klang Valley.
the township is about one to two from RM700,000 onwards. This is really like a hidden gem in
degrees Celsius lower than the city Meanwhile, Plot H1 is a RM170 the sand.
centre, thanks to the green spaces million development spanning
and the 2,700-acre forest reserve 24 acres. It consists of 162 dou-
next to City of Elmina. ble-storey link houses and semi-
Besides the amenities in Denai dees, which will be unveiled after
Alam, residents also get to enjoy Plot J1. Prices for the 24-ft-by-80-ft
the 300-acre Elmina Central Park double-storey link houses will start
located in Elmina West as well as from RM850,000 while the 40-ft-
healthcare facilities in Elmina City by-80-ft semi-dees will be priced
Centre. between RM1.6 million and RM1.7
million.
Last chance to own a unit Heng says Sime Darby Proper-
Denai Alam is about 90% com- ty has not launched any phases in
pleted to date and there are not Denai Alam in the past four years
TEP 20 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Artists impression of Sunsuria City

Sunsuria City
a world-class satellite township


 
 
     
 
 We are keen to create a 
 
 refreshing and attractive
 environment that Curated living concepts
 
 will draw footprints, 
 
 including tourists, to the 


township. Ter 

 
 
   
   
   
   
  
A smart, sustainable and liveable   
township   
   
   
   
   
   
   

   
   
   
   
 
  
   
   
   
  
 An opportune location  

   
   
  
  Thriving commercial prospects 
   
  
 
   
   
  

 
  
 
 


  
   BROUGHT TO YOU BY
  
  
  
  

  
  
TEP 22
Fulfilling homebuyers needs
with Tropicana Urban Homes
W
ith key infrastructure projects
rolled out by the government
and the efforts put in by re-
nowned property developers
in the country, more areas in Greater Kuala
Lumpur are evolving into bustling and mod-
ern places for people to live.
A good example is Kajang, Selangor, which
has seen three mass rapid transit (MRT) sta-
tions become operational in July, namely the
Sungai Jernih, Stadium Kajang and Kajang
MRT stations.
Thanks to the Sungai Buloh-Kajang MRT
Line, the popular satay town is seeing nu-
merous township developments coming up
in and around Kajang.
Another growth area is the Kota Kemun-
ing conurbation that is expected to be even
more vibrant once the West Coast Express-
way, which will connect Banting to Taiping in
Perak, is fully completed in 2019.
In these two growth areas, there are two
townships that have emerged as one of the
most prestigious and desired addresses in
their respective vicinities Tropicana Heights
in Kajang and Tropicana Aman in Kota Ke-
muning.
Both townships can be easily accessed
through major highways and transportation
hubs while offering an array of facilities and
amenities, says Tropicana Corp Bhd group
CEO Dato Yau Kok Seng.
Since the debut of the Tropicana Golf &
Country Resort and Tropicana Indah Resort
Homes in Petaling Jaya, we have established
a unique DNA that sets our developments
apart, he notes.
Besides being well-planned and self-con-
tained, Tropicanas townships are designed
to provide its communities with a holistic
living experience with education, recreation
and other amenities, and bolstered by beau-
tifully landscaped environments consisting
of lakes, parks and gardens.
For instance, both Tropicana Heights and
Tropicana Aman have their very own central
park. The parks are designed to enhance ones
mental and physical wellness with fresh air,
open spaces, comprehensive facilities, walk-
ing and biking trails as well as lush greenery.
The residential and commercial compo-
nents in Tropicanas townships are prem-
ised on accessibility, connectivity, innovative
concepts and designs, generous open and
green spaces, amenities, facilities, mul-
ti-tiered security, and quality.
For instance, Tropicana Heights will fea-
ture a commercial centre, dubbed Market
Square, in the heart of the development,
while Tropicana Aman will have a 198-acre
retail and commercial area where residents
can enjoy an urban lifestyle.
Residents get to enjoy all the conven-
ience and amenities of urban living but
away from the hustle and bustle of the city.
However, should they wish to travel out,
Kuala Lumpur city centre and other parts
of Greater Klang Valley are just a short drive
away, Yau adds.
The education component is another key
feature of the townships. Both townships
will be welcoming new schools including
Tenby International School in Tropicana
Aman. Besides meeting the needs of resi-
dents, the schools will add vibrancy to the
township.
The Tropicana Urban Homes
In order to encourage homeownership
among buyers today, Tropicana will be un-
veiling the Tropicana Urban Homes collec-
tion at the two award-winning townships in
the fourth quarter of 2017 (4Q2017).
The collection of modern homes is based
on the premise that homes can still be
trendy, comfortable and practical without
a hefty price tag, offers Yau.
To be located within a Tropicana mas-
ter-planned development, Tropicana Urban
Homes will provide three key benefits to
residents: a sense of identity and belong-
ing; immediate access to amenities and the
wider benefits in these townships; and a
seamless cohesion of life, work, family and
social spaces.
When access to quality and reasona-
The commercial
component in
Tropicanas township
is premised on
accessibility,
connectivity, innovative
concepts and designs
to provide an urban
lifestyle for residents.
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Tropicana Urban Homes oer a wide range
of facilities.
bly priced homes defines the way a gen-
eration lives or stops them from realising
their needs and wants, a creative solution
is required in this case, Tropicana Urban
Homes, he says.
A class above affordable homes, these
modern apartments will offer a space where
lifes basic needs are met but also designed
to be versatile, current and with condo-
minium-standard attributes, security and
facilities.
The homes cater to young buyers who are
priced out of the traditional property mar-
ket, middle-income professionals, aspiring
homebuyers and new families, notes Yau.
This market segment desires fulfilling
lifestyles with stylish design and good finish-
ing but at an accessible price tag, he says.
Under the Tropicana Urban Homes col-
lection, first up will be Aman 1 in Tropicana
Aman and Heights 1 in Tropicana Heights.
Heights 1, Tropicana Heights
Located on a 5.66-acre site in Tropicana
Heights, Heights 1 is a mixed development
surrounded by the townships comprehen-
sive amenities.
The 199-acre freehold Tropicana Heights
is anchored by a 16-acre Central Park with
a 750m long linear lake, seamless pedes-
trian walkways and its very own 2-acre
Recreational Hub and Market Square, all
of which are complemented by beautiful
landscaping and parkland views.
The amenities in the township are just a
walking distance from Heights 1, thus en-
abling future residents to relish in all the
convenience of urban living.
Access-wise, Tropicana Heights is
linked to four major highways Kajang
Silk Highway, North-South Expressway,
South Klang Valley Expressway and Ka-
The 16-acre Central Park in Tropicana
Heights is the largest park in Kajang.
jang-Seremban Highway.
With a gross development value of RM423
million, and with an MRT and KTM transpor-
tation hub in operation 4km away, Heights
1 comprises two blocks of 35- and 36-storey
serviced apartments housing 1,025 units
and a retail podium consisting of 16 retail
shop lots. Construction is expected to be
completed in four years time.
The serviced apartment units have built-
ups ranging from 449 sq ft to 1,783 sq ft.
They come with practical layouts to suit
the needs of families. Prices are as low as
RM236,000.
Heights 1 will offer a wide range of facil-
ities for its residents including a basketball
court, wading pool, swimming pool, chil-
drens playground, lounge, multipurpose
hall, gymnasium and BBQ pits.
Aman 1, Tropicana Aman
Over at Tropicana Aman, Aman 1 will offer
766 condominium units across four 18-sto-
rey blocks. The units will be in line with the
concept of Tropicana Urban Homes and
come with accessible prices without com-
promising on wholesome lifestyle offerings.
There are two types of layout Type A
(870 sq ft) and Type B (1,000 sq ft). Both of-
fer a bright, practical and functional layout,
suited to young professionals and starter
families. Aman 1 is slated to be launched
in 4Q2017 and targeted to be completed in
four years time.
The 863-acre Tropicana Aman is situat-
ed next to the growing neighbourhood of
Kota Kemuning. The township is designed
as a walking and biking community where
one can enjoy the convenience of vibrant
commercial hubs within the township, all
anchored by the 85-acre Central Park.
The Central Park offers a 7km walking
and biking trail with accessibility via 10 link
bridges and 17 beautiful pavilions surround-
ing a lake. The 10-acre Tenby Internation-
al School campus will have a capacity for
1,800 students and is expected to have its
first intake in September 2018.
Tropicana Aman can be easily accessed
through six major highways, namely Leb-
uhraya Shah Alam, the Federal Highway,
Lebuhraya Kemuning Shah Alam, Express-
way Lingkaran Tengah, South Klang Valley
Expressway and the up-and-coming West
Coast Highway.
BROUGHT TO YOU BY
TEP 24
UMLand upbeat
on Semenyih
M
ention Semenyih and many
will probably think of the
scenic Broga Hill or the
Nottingham University (Ma-
laysia campus). Beyond these major
landmarks, the once-quiet town south
of Greater Kuala Lumpur has seen vari-
ous property developments taking place
in recent years.
Among the plans announced was
the Malaysia Vision Valley project un-
der the 11th Malaysian Plan, covering
technology, logistics, education, health,
tourism and sports. It is expected to
create some 1.35 million jobs by 2035
and attract investments of more than
RM417.6 billion by 2045.
Not too far away is the Cyber City
Centre in Cyberjaya that carries a gross
development value (GDV) of RM5.35
billion and the Kuala Lumpur Interna-
tional Airport (KLIA) Aeropolis, which is
expected to attract a GDP contribution
of some RM30 billion until 2031, aside
from the creation of an estimated 56,000
jobs and playing host to the regional
e-commerce and logistics hub of the
Digital Free Trade Zone initiative.
New townships and other property
projects are mushrooming in Semeny-
ih and its surrounding area, riding on
the upcoming infrastructure develop-
ments and economic drivers that are in
the pipeline. These developments will
enhance the desirability of the area,
leading to strong demand and capital
appreciation for homes in the Semeny-
ih South area, according to United Ma-
layan Land Bhd (UMLand), one of the
developers there.
We chose to develop houses in
Semenyih South as it is located within
the growth corridor of southern Klang
Valley where various infrastructure de-
velopments and economic drivers have
been planned. Mahkota Hills is located
in the fringes of the Klang Valley but
in the heart of all the upcoming infra-
structure and economic zones. All those
major initiatives will transform the area
into a strategic location like KLs Golden
Triangle in future.
This is an important consideration
for us. The housing market here is still
relatively affordable at around RM230 psf
to RM290 psf but with the potential for
value appreciation, says UMLand Mahko-
ta Hills head of subsidiary Benjamin Lee.
Albury @ Mahkota Hills
The 360-acre Mahkota Hills is UMLands
first township in Semenyih South. Its first
landed housing project there is known as
Albury, which spans 52 acres of freehold
land. It comprises 331 single-storey and
382 double-storey terraced homes with a
total GDV of RM270 million.
The gated-and-guarded Albury fea-
tures stylish residences with built-ups
from 1,223 sq ft to 2,136 sq ft. Prices start
from RM380,000.
Targeting first-time homebuyers, Lee
says UMLands decision to build single-sto-
rey homes at Albury is based on the devel-
opers market study that showed a strong
demand for such homes. The single-storey
homes were launched as Albury 1 in 2015
and has been 95% sold. The first phase
of Albury 2 comprising 256 units of dou-
ble-storey homes were launched last year
and has achieved 70% take-up so far.
According to Lee, the developer is look-
ing to launch the second phase of Albury
2, offering the remaining 126 double-sto-
rey homes, this August. Prices will range
between RM440,000 and RM560,000.
Buyers are free to choose from various
layouts that will consist of three bedrooms
and two bathrooms, or four bedrooms and
three bathrooms.
We are mindful of keeping the pric-
ing affordable. Malaysians prefer living
in landed homes and the strong demand
for this property type will ensure future
capital appreciation, he says. Each home
features efficient design and layout to en-
sure the spaces are fully utilised. Home
owners can avoid doing any major reno-
vation, he shares.
Lee adds that Albury at Mahkota Hills
has been designed to appeal to the needs
and aspirations of first-time homebuyers.
As such, we have factored in safety and
connectivity, as well as trendy and con-
ducive lifestyle facilities.
Safety and security are paramount for
our buyers so they can raise their family in
a place where they feel truly at home. As
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Actual show unit photo
Artists impression
Each home in Albury
features efficient
design and layout to
ensure the spaces are
fully utilised.
such, we have a designated po- tastes of homebuyers. UM-
lice post and we have launched Land targets to launch the
a pilot community policing pro- project by 2Q2018, he says.
gramme with the Nilai Police He adds that UMLand
Headquarters this February, has earmarked a 12-acre
he adds. site for a hypermarket op-
posite the upcoming phase,
Extensive facilities for right at the entrance of the
a wholesome township.
living experience UMLands wholly-owned
Furthermore, noting that peo- subsidiary Kia Ace Devel-
ple today need to be constant- opment Sdn Bhd will also
ly connected, UMLand will be be moving its office before
laying fibre optic cables so that 2H2018 to a 1.24-acre site at
homebuyers will have ready in- Mahkota Hills, overlooking
ternet access upon moving in. a water body.
Mahkota Hills also features The new office will have
a clubhouse. Facilities there in- space for a 40-people strong
clude a multipurpose hall, surau, We are team, a pavilion for a sales
barbecue pits, swimming pool,
childrens pool, sauna room,
mindful gallery and a caf. In future,
this site will be handed over
playground, basketball court of keeping to F&B operators with drive-
and gymnasium. thru concepts, adds Lee.
Moving forward, Lee shares the pricing
that the developer will be focus-
ing on sprucing up the environ-
affordable. Commercial zone to
enhance lifestyle
ment, by coordinating landscape Lee The Mahkota Hills township
planning and rejuvenating the has also seen the launch of
lakes and ponds. Plans are well the first commercial zone
underway to construct an icon- there. Located directly oppo-
ic entrance arch to welcome site Albury 1, Albury 2 and the
future residents and visitors when they drive clubhouse, the commercial hub will serve
into Mahkota Hills. the needs of the Mahkota Hills residents.
The commercial hub, known as Albury
More to come Village @ Mahkota Hills, will have some
UMLand has recently received the approval to 20,000 catchment population once the
further develop another 2,000 units of landed residential enclave of the township is
terraced homes in Mahkota Hills. These homes fully completed.
will be moderately sized and well-suited for
families.
The upcoming phase will cater to mid-
dle-income buyers and young families, Lee brought to you by
notes. Known as Woodbury, the development
will consist of 356 landed homes with a mod-
ern Manhattan Chic theme.
For the next phase of our launch, we will be
upping the design ante by roping in award-win-
ning architects to appeal to the discerning
TEP 26 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

TO WN S H IP S P EC I A L R E P O RT

Situated in Adelaide, Tonsley is the rst mixed-use

development to be awarded a 6-star Green Star-
Communities certication under the Green Building Council
of Australias PILOT rating tool in the country.

W
arnings on the diminishing resources on
Earth due to overexploitation and pollution
are nothing new. The Earth system is un-

Green townships
der increasing threat: climate, biodiversity,
ocean health, deforestation, the water cy-
cle, the nitrogen cycle and the carbon cy-
cle, Stockholm Resilience Centre executive director Johan

growing
Rockstrm said in the World Wildlife Funds Living Planet
Report 2016.
These threats are not just harming the biodiversity of the
planet which has shown a persistent downward trend since
1970 but also billions of human lives that are at stake. A re-
port by the State of Global Air initiative stated that as of 2015,
air pollution is the leading cause of death on the planet and

around
92% of the worlds population live in areas where the air is
unhealthy.
Though counter-measures seem to be lagging behind
the rapid downward spiral of the environment crisis, a few
prime movers have taken it seriously enough to initiate
change by building eco township developments. Even in
Malaysia, the countrys leading property developers are
making great strides in building sustainable living en-
vironments in their property developments. But there is

the globe still much to be done and we can certainly learn from the
efforts undertaken globally.
Here are five green townships from around the world that
demonstrate how the people, governments and the real estate
industry can create sustainable cities and towns for present
and future generations.

BY SHAW N NG Tonsley in Adelaide, Australia

Tonsley is Australias first innovation district sitting on a 61ha
site in Adelaide. It is the first mixed-use development to be
awarded a 6-star Green Star-Communities certification un-
FR IDAY AU G U S T 4 , 20 17 T HEED G E FINA NCIA L DA ILY
Artists impression of Integrated Industrial Township in Greater Noida, India
Oslo, the capital city of Norway, is set to
become the European Green Capital at the
handover ceremony in 2019.
Tonsley re-uses the former
Mitsubishi Motors assembly
building to create a mixed-use
precinct with four urban forests.
der the Green Building Council of Australias PILOT rating
tool in the country.
According to the official website of Tonsley, 70% of the
site has been allocated for high-value industrial and com-
mercial businesses; 18% for 850 apartments and townhous-
es; 10% for educational facilities; and the remaining 2% for
retail businesses.
Built on the former Mitsubishi Motors plant site, which
included an 11ha Main Assembly Building (MAB), Tonsley
is being developed with an investment of A$253 million
(RM864.39 million) from the South Australian Government
and an estimated A$1 billion (RM3.42 billion) from the pri-
vate sector. The South Australian Government acquired the
site in 2010 and became the master developer of Tonsley.
Launched in 2013, Tonsley is set to transform into a high-
tech hub to create 6,300 jobs, and to house 1,200 residents
and 10,000 students per year when it is fully completed by
TO W NS HI P S PEC I A L R EPORT
2025, according to the government of City of Marion.
Tonsley has adopted various sustainability features, which
helped the development clinch the 6-star Green Star-Com-
munities certification, including connected walking and
cycling paths for easy access to public transport, as well as
communications infrastructure providing connected tech-
nology and a basis for a Smart Grid Energy system to further
reduce ongoing energy costs and demonstrate a reduction
in carbon emissions.
The most prominent feature is the adaptive re-use of
the MAB as a mixed-use precinct with four urban forests
inside the building. Solar panels are installed on the roof
of the MAB to produce sustainable energy for tenants and
communications infrastructure.
The move has prevented the loss of approximately 90,000
tonnes of carbon emissions embodied in its original con-
struction. Its rejuvenation has avoided carbon emissions
TEP 27
of a scale equivalent to taking 25,000 average cars off the
road for one year.
Integrated Industrial Township in
Greater Noida, India
The Integrated Industrial Township is a flagship project for
Delhi Mumbai Industrial Corridor.
Located approximately 35km from Noida City, the
302.63ha township is a joint-venture development between
the central and state governments of India to create a sus-
tainable and smart community.
With a total investment of around Rs33,031.4 crore
(RM22.04 billion), the township is planned to generate a
built-up space of around 6 million sq m, according to a jour-
nal by Sarvajanik College of Engineering and Technology.
It will comprise 50.8% industrial area, 11.1% residential
area, 6.3% commercial area, and the remainder will be green
zones, water bodies, roads, utilities and existing structure.
The project is poised to be a catalyst for fuelling the growth
of industrial development in the region by attracting skilled
human resource to the industrial township and generating
direct industrial employment for about 58,000 workers.
The Integrated Industrial Township adopts a model of
a sustainable township with quality infrastructure that
promotes a live-work-learn-play environment within the
development.
The key planning and infrastructure strategies for the
township include energy generation and management,
water collection, waste management, urban culture and
public space, as well as transport planning and mobility
management.
The sustainability objective of the township includes
low carbon emissions; allocating 32% of land for transpor-
tation, utilities and green or open spaces; reusing treated
waste water for non-potable water demand; and utilising
the construction waste generated during the township de-
velopment for filling of roads and embankments.
Mumbai-based developer Shapoorji Pallonji Group was
awarded the project on Jan 9, 2016, to be completed within
two years. The developer began construction on March 11
last year and the work is expected to be completed by this
year-end, according to The Times of India.
Oslo, Norway
Oslo, measuring 454 sq km, is the capital city of Norway.
The city is surrounded by the Marka Forest, a nationally
protected area, and the Oslo Fjord, both connected by a
number of waterways.
Oslos approach to conserving its natural areas and re-
storing its network of waterways is just one of the many
reasons it won the European Green Capital Award for 2019.
The award is an initiative taken by the Association of Es-
tonian cities and 15 European cities to recognise cities that
are leading the way in environment-friendly urban living.
Since 2010, the award has annually selected one Europe-
an city, which fulfils three key objectives, as the European
Green Capital of the year.
Oslo will officially become the European Green Capital
at the handover ceremony in 2019, where Nijmegen, the
winner for 2018, will pass on the title.
The European Green Capital Award jury was particularly
impressed by the holistic approach demonstrated by Oslo,
covering its biodiversity to public transport, social integra-
tion and citizen health, accompanied by the theme City
for everyone, putting people first.
CONTINUES NEXT PAGE
TEP 28
TO WN S H IP S P EC I A L R E P O RT
Sino-Singapore Tianjin Eco-city entails building a township
with eco-friendly features such as 100% green buildings,
renewable energy and green transport.
FROM PREVIOUS PAGE
The city was commended for working systematically to
re-open its waterways, with 3,000 waterways re-opened
so far. The jury also appreciated Oslos active approach to
connecting with its citizens particularly with the use of tech-
nology and innovation such as text message invitations to
public consultations and politician speed-dating. Oslos
objective to address common challenges such as reclaiming
space for citizens instead of cars was also lauded.
Going forward, the city aims to cut emissions by 50%
(from 1990) by 2020 and to be carbon neutral by 2050.
It has also introduced a range of integrated measures
to achieve these ambitious targets for example, by pro-
moting zero-emissions transport. The city has become the
Electric Vehicle Capital of the World with 30% of all ve-
hicles now sold in the city being electric.
In 2016, the city introduced a Climate Budget, an initia-
tive consisting of 42 separate measures across three sectors:
energy and the built environment, transport, and resourc-
es. Carbon dioxide emissions are now being counted the
same way a financial budget would account for funding. The
unique Climate Budget is one of the main initiatives that
Oslo is driving to reach its goal of 50% emissions reduction.
Sino-Singapore Tianjin Eco-city in Tianjin, China
Sino-Singapore Tianjin Eco-city (SSTEC) is a 30-sq-km
green township built on a former wasteland in Tianjin, Chi-
na, developed by the China and Singapore governments.
Located 40 km from Tianjin city centre and 150 km from
Beijing city centre, the site was once a wasteland comprising
mainly salt pans, barren land and polluted water-bodies,
including a 2.6-sq-km wastewater pond.
According to the SSTEC official website, the Chinese
government specified that it should be developed on the
non-arable land with the aim of creating a practical model
of a sustainable city for future urbanisation efforts in China
and other countries.
SSTEC entails building a township with eco-friendly
features such as 100% green buildings, renewable ener-
gy and green transport. It states 22 quantitative and four
qualitative key performance indicators (KPIs) to guide its
planning and development.
The KPIs include the proportion of energy utilised in
the eco-city, which will be in the form of renewable ener-
gy, such as solar and geothermal energy should be at least
20% by 2020; air quality in the city should meet at least Chi-
nas National Ambient Air Quality Grade II Standard for at
least 310 days; and water from all taps should be potable.
With an estimated cost of RMB50 billion (RM31.83
billion), the township consists of various property devel-
opments including residential homes, a commercial area
and a business park, according to previous news reports.
Broken ground in 2008, the township will take 10 to 15
years to be fully developed and to house 350,000 residents
when completed.
SSTEC is now home to 70,000 people. Over 27,000 units
or 90% of its apartments have been sold, according to The
Straits Times report in June 2017, quoting Tay Lim Heng,
CEO of Sino-Singapore Tianjin Eco-City Investment and De-
velopment Co Ltd the master developer of the township.
There are currently 14 schools with over 7,500 students,
and three community centres, two commercial complexes,
restaurants, a hospital, a 5-star hotel and a budget hotel that
are located within a 15-minute walk from residential projects.
As of June 2017, there are 4,966 registered companies
with a total registered capital of RMB212.2 billion oper-
FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Sino-Singapore Tianjin Eco-city is a 30-sq-km green
township built on a former wasteland in Tianjin, China.
Masdar City in
Abu Dhabi is one
of the world-class
sustainable townships
in the making.
ating out of three completed business parks there.
Masdar City in Abu Dhabi, United Arab Emirates
Masdar City is getting a second life after some of its initial
environmental goals fell short.
Initiated by the Abu Dhabi government in 2006, the
US$22 billion (RM94.18 billion) township had aimed to
become the worlds first zero carbon, entirely sustainable
city in the middle of the Arabian desert. It held ambitious
plans such as zero carbon emissions, a car-free cityscape,
to be completely renewable-energy-powered and to have
waste reduced to as near to zero as possible, according to
the official website of Masdar City.
The prominent British architecture firm Foster + Part-
ners produced the visionary master plan.
A decade later, the city found that it was unable to achieve
the zero greenhouse gas emissions target and many
deemed the city a failure and a green ghost town, with only
300 people residing there as of February 2016, according
to a report by The Guardian.
However, Masdar City is now trying to turn things around
with a new architecture firm, Boston-based CBT Architects,
which is undertaking phase 2 of Masdar Citys development.
Phase 2 will have more attainable targets and will take five
to 10 years to build. Another three phases will be developed
simultaneously or following phase 2.
The plan is now to build a city that is highly sustainable
and commercially viable, providing a high-quality lifestyle
for residents, CBT Architects principal and head of urban
design Kishore Varanasi told Co.Design in an interview.
A lot of people have written off Masdar, but cities in
general take a long time to build, he said. And Masdar is
trying to strike new ground.
FR IDAY AU G U S T 4 , 20 17 T HE ED G E FINA NCIA L DA ILY TEP 29

NEWS HIGHLIGHTS from TheEdgeProperty.com

New 22km cycling for warehousing and storage fa-

path opens in
Medini City
Medini Iskandar Malaysia Sdn Bhd
has opened a 22km cycling path
in Medini City in Iskandar Puteri,
Johor on July 27.
There are ve strategically lo-
cated pit-stops along the path for
cyclists to park their bikes and en-
joy the sights, as the cycling path is
designed to allow cyclists to enjoy
the urban townships green spaces
and public art attractions.
The completion of the cycling
path in Medini forms part of our
commitment to shape Medini as a
destination of choice for business,
leisure and healthy living, said
Medini Iskandar managing direc-
tor and CEO James Tee.
Meanwhile, Medini Iskandar
will soon launch the Edible Park
and Heritage Forest, two of the
46 parks in the township spread
over 342 acres. The Edible Park
presents a lush urban park with
local fruit, vegetable and medici-
nal trees, while the Heritage For-
est gathers the regions ora for
a proud and honest snapshot of
Johors wilderness.
Sunway acquires
Subang Jaya and
Kajang plots
Sunway Bhd has purchased two
freehold plots a 14.8-acre (6ha)
tract in USJ 1, Subang Jaya for
RM167.59 million, and a 5.28-acre
plot in Kajang for RM63 million.
The acquisitions come after
Sunways purchase of a 4.53-acre
freehold parcel in Jalan Beleld,
Kuala Lumpur, less than a month
ago, and an 8.45-acre tract in Jalan
Peel in February.
The land in USJ, bought from
Jaks Resources Bhd, will be used
cilities for its trading and manu-
facturing businesses, said Sunway.
However, it will consider using the
land for a proposed mixed devel-
opment with a gross development
value (GDV) of about RM1.4 billion
in ve years.
Meanwhile, the Kajang land,
acquired from Concept Housing
Development (M) Sdn Bhd, comes
with semi-completed structures
that Sunway intends to continue
building on to develop a proposed
mixed development comprising
a retail podium or commercial
lots and serviced apartments or
Small-oce Home-oce, with an
estimated GDV of RM460 million
in ve years.
Sime Darby sells 40%
stake in Seriemas for
RM625 mil
Sime Darby Bhd is disposing of
its 40% stake in Seriemas Devel-
opment Sdn Bhd to Permodalan
Nasional Bhd (PNB) for RM625
million. Sime Darby said its whol-
ly-owned subsidiary Sime Darby
Property Bhd has inked the share
sale agreement with PNBs unit
PNB Development Sdn Bhd.
The proposed disposal is in line
with Sime Darbys strategy to un-
lock value through monetisation
and opportune divestments, while
enabling Sime Darby to reduce its
borrowings via the proceeds from
the proposed disposal.
Barring any unforeseen cir-
cumstances, the proposed dis-
posal is expected to be complet-
ed before the end of 2017, Sime
Darby said.
According to Sime Darby, PNB
Development already owned 60%
of Seriemas, the assets of which
include vacant tracts besides malls
and hotels.
Largest resort in Port Dickson Lexis Hibiscus
Port Dickson ocially opens
Hotel resort Lexis Hibiscus Port Dickson saw its o- In a press release following the official open-
cial opening on Monday. Currently the largest resort ing, Lexis Hotel Group said Port Dickson contin-
in Port Dickson, Negeri Sembilan, oering 639 pool ues to see a healthy demand for upscale accom-
villas, each villa has its own private dip pool and modation from travellers, covering business and
steam room. The villas 522 are on water while 117 leisure segments.
are located in the tower block oer spectacular The brand currently manages four properties,
views of the open sea. namely Lexis, Grand Lexis, Lexis Hibiscus all
The 5-star resort is developed by Kuala Lumpur three located in Port Dickson and Lexis Suites
Metro Group and managed by Lexis Hotel Group. Penang, situated at the Pearl of the Orient.
Malaysian architectural building structure and is echoed
rm wins third prize at throughout its interior design and
furnishing.
IDA for BSG Propertys Over 1,000 entries submitted by
sales gallery interior, fashion, product and graphic
Penang-based architectural rm designers and architects from 52
Eowon Architects Sdn Bhd has countries were examined by IDA
been awarded the third prize in the honorary juries.
Architecture Categories Compe- The annual competition recog-
tition of the annual International agship projects where the rm was nises, honours and promotes leg-
Design Awards (IDA) for The Gal- tasked with both the architectural and endary design visionaries, as well
leria project. interior design of the sales gallery. as uncovers emerging talents in ar-
The Galleria is BSG Propertys The Galleria was completed in chitecture, interior, product, graphic
sales gallery located along Jalan 2015 and spreads over two oors and fashion design on the global
Sultan Ahmad Shah formerly on a 25,000 sq ft space. It features level. Title winners will receive their
known as Northam Road in Penang a series of unique geometrical awards at the biennial IDA Ceremony
island. The Galleria is one of Eowons compositions that begins from the in Los Angeles.
How do I get Go to
past issues of
this weekly TheEdgeProperty.com
pullout? to download for free
trending

L AUN CH E S + EVENTS
now If you have any real estate-related events, email us at propertyeditor@bizedge.com.
Events listed here will also appear on TheEdgeProperty.com

Serunai and Seruling
Apartments roadshow
Date: Aug 5 (Sat)
Time: 8:30am to 4:30pm
Venue: Bandar Bukit
Raja Sales Gallery, Jalan
Gamelan 1E, Bandar Bukit
Raja, Klang, Selangor
Contact: 1-800-88-1118
Sime Darby Property invites
all to nd out more about its
Rumah Selangorku projects
Serunai Apartment and Seruling
Apartment in Bandar Bukit
Raja. Bank Simpanan Nasional
and the Employees Provident
Fund will also be there to give
presentations and answer public
questions on how to purchase
a Rumah Selangorku unit.
Preview of Dalia Residences
@ Tropicana Aman
Date: Aug 5 and 6 (Sat and Sun)
Time: 11am to 5pm
Venue: Tropicana Aman
Property Gallery, No. 2,
Persiaran Aman Perdana 3,
Bandar Tropicana Aman, Telok
Panglima Garang, Selangor
Contact: 1700 81 8868
Tropicana Bhd will be showing its
latest zero-lot bungalows and
semi-dees at Dalia Residences @
Tropicana Aman this weekend.
Dalia Residences consists of
41 leasehold units. The gated-
and-guarded new phase will
be completed by 2019.
Akasa Cheras South
beach party
Date: Aug 5 and 6 (Sat and Sun)
Time: 10am to 6pm
Venue: Akasa Sales Gallery,
No. 1, Jalan Balakong Jaya,
Taman Balakong Jaya, Seri
Kembangan, Selangor
Contact: (03) 8964 9992
Organised by Hap Seng Land, the
family-friendly beach party will
be held at the sales gallery of
the developers latest residential
development Akasa. There will
be terrarium workshops, food
trucks, summer mocktails,
cartoon characters and many
more. Guests will also stand a
chance to win smartphones.
AIA Vitality and Mah Sings
Get Fit, Get Rich event
Date: Aug 5 and 6 (Sat and Sun)
Time: 11am to 5pm
Venue: Southville City Sales
Gallery, Bangi, Selangor
Date: Aug 6 (Sun)
Time: 11am to 5pm
Venue: M Residence Sales
Gallery, Jalan Bandar Tasik
Puteri, Rawang, Selangor
Contact: (03) 9212 8322
Mah Sing and AIA Vitality will
be holding a series of events
at its sales galleries based on
the theme Get Fit, Get Rich.
There will be talks and activities
related to healthy living and
better wealth management such
as free health checks including
hearing tests, blood pressure
and pulse tests, eye screening
as well as credit rating checks.
Seminar on how to retire rich
through property investment
Date: Aug 5 (Sat)
Time: 11am to 5pm
Venue: The Pano Sales Gallery
& Showroom, 134, Jalan Sultan
Azlan Shah, Kuala Lumpur
Contact: (019) 320 3877
/ (012) 732 3877
OCR Property invites all to a
sharing session with Michael
Yeoh, a property and mortgage
consultant, on how to retire rich
through property investment.
There will be a short tour before
the session for sightseeing and
discovering the top properties
to invest in Jalan Ipoh.
KSL durian party
Date: Aug 6 (Sun)
Time: 12pm to 4pm
Venue: Canary Garden Klang,
KSL Sales Gallery, No. 2,
Jalan Langat KS9, Bandar
Bestari, Klang, Selangor
Contact: (03) 3122 2999
Khoo Soon Lee Realty Sdn
Bhd (KSL) is hosting a durian
party where durian and other
light refreshments will be
served on a rst-come, rst-
served basis. The kid-friendly
event is free. Participants will
also get a chance to check
out the construction progress
and other information about
Canary Garden by KSL.
TEP 30 FR I DAY AU G U ST 4, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

H OME I DE AS

Five simple
dcor ideas with
20 stalks of roses
BY R AC H EL C H EW

W
hat do you do with a bunch of roses,
other than placing them in a vase? For
many of us, flower-arranging stops
there simply because we have no idea
or lack the confidence to do more with
them.
Creating fabulous floral arrangements doesnt have
to be difficult, time-consuming or expensive, but you
have to love flowers, says Eunice Teo, founder of Amtrol
Flower Designing.
Teo, who is the first Southeast Asia-certified floral
evaluator and judge of the American Institute of Floral
Designers, says there are some dcor ideas using flow-
ers that ordinary folk can do at home.
With that in mind, Teo took time off to share five
everyone-can-do floral arrangements using just 20
stalks of roses at the recent TheEdgeProperty.com
Facebook Live showcase on July 22 and 23, held in con-
junction with the Malaysia Virtual Property Expo 2017
organised by property portal TheEdgeProperty.com.
Below are Teos five simple yet lovely rosy arrange-
ments. To get a clearer idea, you can find the full video
at www.theedgeproperty.com.my/edgepropertytv
entitled What to do with 20 stalks of roses? by Eunice
Teo, founder of Amtrol Flower Designing.
PICTURES BY LOW YEN YEING | TheEdgeProperty.com

Spiral hand bouquet in The classic heart-shaped arrangement

clear glass vase What you need
What you need 20 stalks of roses, some hypericum berry sprigs, bear grass sprigs, a plastic layer, a
20 stalks of roses, 20 oral foam and a tall vase with wide open mouth
stalks of leucaden-
drons, wire size no. 26, Steps
ribbon and short clear Put a layer of plastic at the bottom of the
glass vase vase before placing the soaked foam into the
vase. Place the foam at a slant with one side Floating roses
Steps higher than the other.
De-thorn the roses. Insert sprigs of bear grass at the centre of What you need
Hold the upper stem the foam, and then insert one stalk of rose at 20 stalks of roses, bear grass, hypericum
of the rose and place a a 45-degree angle downward in the opposite berries, oating candles and a large metallic
leucadendron across it. direction from the inserted bear grass. plate
Repeat the step for all Divide the bear grass into two bunches
20 stalks of roses in an- hold one bunch in each hand and tie them to Steps
ti-clockwise direction to the neck of the stalk of rose using wire no. 26, Roll the bear grass into two to three rings. Fill
get the spiral eect. which will create a heart shape. two-thirds of the plate with water and put in one
Tie the bunch of roses Cut the rest of the owers short to about or two oating candles.
with one wire no. 26 and two-ower stem length. Insert one by one Cut three to four roses at the neck, then fold
place it in the glass vase from the middle to the sides until all the gaps out all the petals one by one to make the ow-
lled with water. Tie the are lled. ers look like they are fully bloomed. Place the
ribbon over the wire to Add in some hypericum berry sprigs to roses and the rolled bear grass oating on the
nish. make the display more interesting. water, and light up the candles.

Standing roses Roses in a box

What you need What you need
20 stalks of roses, some babys breath owers, a oral foam 20 stalks of roses, bear grass with a hypericum
and two small square vases berry stitched through each, a floral foam and a
mid-size square gift box
Steps
Soak the oral foam in water, then cut to t the vases. The foam Steps
should be two inches lower than the vase so it is not visible. Fit the soaked foam evenly above a plastic layer to
Bunch the babys breath owers together and insert them prevent water seeping through the gift box. The foam
into the foam to build the owery base. should be placed up to two-thirds of the box.
Cut the bottom of the roses stems at a slant so they take up Cut the roses short and insert the roses one by one
more water. Insert the stalks of roses one by one in a straight into the box. The stems should be as high as the box,
parallel formation. so only the owers could be seen. Slot the bear grass,
Repeat for the second vase, but cut the stalk a bit shorter so with a hypericum berry stitched on each, in between
the two vases together can be more interesting when displayed. the owers.

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