FBM KLCI 1855.99 1.33 KLCI FUTURES 1852.00 9.00 STI 3476.53 11.35 RM/USD 3.9020 CPO RM2485.

3.9020 CPO RM2485.00 30.00 OIL US$64.90 0.77 GOLD US$1337.70 16.00
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

WEDNESDAY FEBRUARY 21, 2018 ISSUE 2594/2018

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
JAKS, Star Media at loggerheads
over unfinished building
4 HOME BUSINESS

3 HOME BUSINESS

Absent
improvements in
productivity curb
growth potential
— Moody’s
4 HOME BUSINESS

UEM Edgenta
declares bumper
dividend after
4Q profi
fit jumped
p or tal
20 times rty
prope u need
4 HOME BUSINESS yo
Nestle 4Q net
profit
fit doubles
profi
to RM133.5m,
company proposes
RM1.35; fi
dividend
final
nal
RHB Bank wants to
5 HOME BUSINESS

Versatile Creative
sees ‘low double-
WIND UP MP CORP
The bank
bank is
is demanding
demanding debt repayment of RM118.16 million.
digit’ FY18 revenue
growth Neily
Neily Syafiqah
Syafi
fiqah Eusoff
ff has the story on Page 3.
6 HOME BUSINESS

Asia debt binge to

dampen growth Blue-chip play emerges on better
but not derail it,
Oxford says
earnings expectations
3 HOME BUSINESS
FBM KLCI 1855.99 1.33 KLCI FUTURES 1852.00 9.00 STI 3476.53 11.35 RM/USD 3.9020 CPO RM2485.00 30.00 OIL US$64.90 0.77 GOLD US$1337.70 16.00
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

WEDNESDAY FEBRUARY 21, 2018 ISSUE 2594/2018

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
JAKS, Star Media at loggerheads
over unfinished building
4 HOME BUSINESS

3 HOME BUSINESS

Absent
improvements in
productivity curb
growth potential
— Moody’s
4 HOME BUSINESS

UEM Edgenta
declares bumper
dividend after
4Q profit jumped
20 times
4 HOME BUSINESS

Nestle 4Q net
profit doubles
to RM133.5m,
company proposes
RM1.35; final
dividend RHB Bank wants to
5 HOME BUSINESS

Versatile Creative
sees ‘low double-
WIND UP MP CORP
The bank is demanding debt repayment of RM118.16 million.
digit’ FY18 revenue
growth Neily Syafiqah Eusoff has the story on Page 3.
6 HOME BUSINESS

Asia debt binge to

dampen growth Blue-chip play emerges on better
but not derail it,
Oxford says
earnings expectations
3 HOME BUSINESS
2 WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
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(266980-X)
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
Abe sets sights on higher sales tax
He also asks ministers for ways to increase foreign workers to deal with labour shortages
BY STANLEY W HITE
TOKYO: Japanese Prime Minister
Shinzo Abe yesterday ordered his
top advisory panel to consider ways
to limit fluctuations in consumer
spending when the government rais-
es the nationwide sales tax in 2019.
Abe also asked Cabinet ministers
to consider ways to increase foreign
workers to deal with the country’s
chronic labour shortages.
The prime minister’s comments
Toyota readies cheaper electric
motor by halving rare earth use
BY KEV IN BUCKLAN D & NAO S ANO
TOKYO: Toyota Motor Corp is
readying electric motors that in-
clude as much as 50% less in rare
earths amid concern of a sup-
ply crunch as automakers race
to expand their electric-vehicle
line-ups.
Asia’s biggest carmaker has de-
veloped a magnet for the motors
that as much as halves the use of
a rare earth called neodymium
and eliminates the use of others
called terbium and dysprosium,
the company said at a briefing in
Tokyo yesterday.
In their place, Toyota will use
16 reports lodged over alleged housing scam
KUALA LUMPUR: The police have
received 16 reports against two
property development cooperatives
based in Subang Jaya in connec-
tion with non-existent affordable
housing projects involving a total
loss of RM13.6 million.
Bukit Aman Commercial Crime
Investigation Department director
Datuk Seri Amar Singh Ishar Singh
said in a statement yesterday that
are a sign of the new policies he will
try to prioritise this year to ensure
that a recent run of solid economic
growth remains on track.
“I want to be able to show some
direction on accepting foreign
workers by the summer,” Abe said
at a meeting of the Council of Eco-
nomic and Fiscal Policy.
The government will examine
visa requirements and regulations
for both high-skilled and low-skilled
foreign labour, a government official
the rare earths lanthanum and
cerium, which cost 20 times less
than neodymium. The carmaker
plans to ask suppliers to manu-
facture the magnets.
Toyota sees demand for neo-
dymium exceeding supply from
2025, by which time the carmaker
intends to be offering an electri-
fied version of every vehicle in
its line-up.
By 2030, Toyota aims to sell 5.5
million electrified vehicles — in-
cluding 1 million wholly battery-
or hydrogen-powered cars — ac-
counting for half of its projected
deliveries. Motors with the mag-
nets can be used in any electrified
the police had received reports
against the cooperatives and had
detained a suspect on Feb 7.
“The suspect is the chief execu-
tive officer of the first cooperative
and chairman of the second coop-
erative,” he said.
Amar said the suspect, under
the first cooperative, offered con-
struction projects in Kedah, Negeri
Sembilan, Pahang, Perak and Johor,
For breaking news updates go to
www.theedgemarkets.com
told reporters at a briefing.
However, the government is
particularly concerned about an
increase in exchange students and
part-time trainees who are working
illegally in low-skilled jobs in retail,
construction, and agriculture, the
official said.
The number of illegal workers
in these industries has been grow-
ing rapidly recently, showing the
government needs to do some-
thing to meet growing demand
powertrain, the company said.
Rare earths along with metals
like lithium and cobalt are seeing
soaring demand from a growing
electric vehicle market, propelled
mainly by increasingly stringent
emissions restrictions worldwide.
China, which is home to the
world’s biggest auto market and
the leader in electric vehicle sales,
supplies more than 80% of rare
earths globally. The potential for
volatility in the market for the
minerals was exposed last year
when a clampdown on illegal Chi-
nese miners caused neodymium
prices to surge by almost a third
in one month. — Bloomberg
while projects in Melaka, Kedah
and Perak were offered under the
second cooperative.
He said the suspect was still
under remand for further inves-
tigation and did not rule out that
more individuals would be de-
tained in the near future to assist
in the investigations under Section
420 of the Penal Code for cheating.
— Bernama
for workers, the official said.
Japan has one of the world’s
most rapidly shrinking and ageing
population due to a declining birth
rate and improved life expectancy.
Labour shortages have become so
pronounced that companies in re-
tail and other services have started
to shorten operating hours or scale
back business operations.
The government is scheduled to
raise the nationwide sales tax to 10%
from 8% in 2019. — Reuters
IN BRIEF
Confiscated bitcoin
poser for Finland
HELSINKI: Finland is trying to
figure out how to handle the
roughly 2,000 bitcoins author-
ities in the country have con-
fiscated. Worth almost US$40
million (RM156 million) on Dec
18, 2017, when the cryptocur-
rency peaked, the bitcoins are
now valued at about US$22.8
million. Finnish government
guidelines released yesterday
make clear that authorities han-
dling the coins won’t be allowed
to store them on virtual cur-
rency exchanges. — Bloomberg
Punjab Nasional Bank
shares slide amid fraud
MUMBAI: Punjab National Bank
(PNB) led other state-run banks
lower for a fifth day yesterday as
concern about stress and risk
levels at the lenders increase
amid a US$2 billion (RM7.8
billion) bank fraud. PNB fell as
much as 4.7% and was headed
for its lowest close since Janu-
ary 2017. UCO Bank declined as
much as 3.7% while Allahabad
Bank Ltd lost 4.2%. Union Bank
of India lost as much as 4.4%,
while Indian Overseas Bank re-
treated 5.1%. — Bloomberg
Fujimori to stand trial
for mass killing
LIMA: A Peruvian court or-
dered former president Alberto
Fujimori on Monday to stand
trial for the 1992 killings of six
farmers, arguing that he lacks
immunity despite a recent par-
don for a different crime. The
National Criminal Court said
the pardon granted to Fuji-
mori in a human rights case for
which he was serving a 25-year
sentence did not apply to the
murders of the group. — AFP
Parks, playgrounds
Aedes breeding ground
PUTRAJAYA: A total of 175
playgrounds and recreational
parks nationwide have become
breeding ground for the Aedes
mosquito, said Health Minister
Datuk Seri Dr S Subramaniam.
He said they represented 23%
of the 763 sites examined early
this year. — Bernama
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
RHB Bank wants to
wind up MP Corp
The bank is demanding debt repayment of RM118.16 million
BY N EI LY SYA FI QA H EU SOFF
KUALA LUMPUR: Malaysia Pacif-
ic Corp Bhd (MP Corp), a Practice
Note 17 (PN17) company, has been
served with a winding-up petition
by RHB Bank Bhd, demanding re-
payment of debt totalling RM118.16
million.
The case management is fixed
for today, MP Corp said in a stock
exchange filing yesterday. “The com-
pany will be seeking legal advice
on the above and will make further
announcement in due course,” it
added.
The debt-laden company’s bal-
ance sheet shows its main assets
were land held for development that
was worth RM211.8 million and cur-
rent assets held for sales that were
worth RM256 million as at Sept 30,
2017. Its net asset per share stood
Blue-chip play emerges on better
earnings expectations
Nestle (Malaysia) Bhd
RM
130
RM121.50
120
110
100
90
80
70
Jan 25, 2017 Feb 20, 2018
BY S AN G EETHA A MA RTHA L I NGAM
KUALA LUMPUR: Blue chips like
Nestle (Malaysia) Bhd, Public Bank
Bhd, and Dutch Lady Milk Indus-
tries Bhd closed at record highs yes-
terday following the Chinese New
Year holidays as heavy institutional
buying rang the tills.
“Investors are anticipating better
earnings results that are due this
week,” said Rakuten Trade Sdn Bhd
vice-president Vincent Lau.
“Some of the big-cap stocks
have been doing well for the long-
est time. Investors expect a good
performance in their results. We
can see that most of the stocks are
benefiting from net foreign buying,”
he told The Edge Financial Daily.
Yesterday’s top gainer, Nestle,
rose RM1.10 or 0.91% to RM121.50
after 84,400 shares were done for a
market capitalisation of RM28.49
billion. On the same day, the
group announced a record high
at 46 sen per share.
MP Corp, which has accumulat-
ed losses of RM154.08 million, has
been wanting to sell part of Wisma
MPL that it bought from tycoon Tan
Sri Quek Leng Chan to raise fresh
funds to revive its financial health.
Unfortunately, the company has yet
to find a buyer for the office build-
ing located in the ‘Golden Triangle’
along Jalan Raja Chulan. It is not
easy to find a buyer mainly because
it is a strata-titled office block.
The company is facing a cash-
flow problem. It had a negative cash
flow of RM92.1 million as at Sept
30, 2017.
On June 14, 2016, MP Corp had
received a notice of statutory de-
mand from RHB Bank, seeking the
repayment of the debt or risk wind-
ing-up petition proceedings against
the company.
Public Bank Bhd
RM
23
RM22.08
22
21
20
19
Jan 25, 2017 Feb 20, 2018
fourth-quarter net profit for the
three months ended Dec 31, 2017
(4QFY17) of RM133.54 million, dou-
ble the RM66.94 million it reported
last year. It also posted its highest an-
nual net profit of RM645.80 million
for FY17, up 1.36% from RM637.13
million in FY16.
Dutch Lady, meanwhile, settled
eight sen or 0.12% higher at RM64.90
after 10,200 shares were traded, val-
uing the company at RM4.15 billion.
Public Bank closed at RM22.08 after
rising 10 sen or 0.46%, with 4.42 mil-
lion shares transacted, for a market
capitalisation of RM85.26 billion.
Also closing at a record high
was Hong Leong Industries Bhd,
after having risen 70 sen or 6.67%
to RM11.20, for a market capitalisa-
tion of RM3.58 billion. It saw 223,100
shares done.
SJ Securities Sdn Bhd senior re-
misier Goh Kay Chong said after the
equities market fall some two weeks
ago, retail investors too are of the
The sum comprises RM43.64 mil-
lion in revolving credit facilities, and
two overdraft facilities amounting to
RM74.52 million as at June 8, 2016.
The bank is also demanding for
interest to be calculated at 3.5% per
annum, plus the base lending rate
on monthly rest from June 9, 2016
onwards, until the date of full set-
tlement.
Additionally, it is seeking an in-
terest of 3% per annum on the prin-
cipal sum of RM25.7 million, plus
the cost of fund, to be calculated
from June 9, 2016 until the date of
full settlement.
MP Corp fell into PN17 status af-
ter its external auditors expressed a
disclaimer opinion on its latest au-
dited accounts in December 2014.
The company’s shares were last
traded at 12 sen, giving it a market
capitalisation of RM34.52 million.
Dutch Lady Milk Industries Bhd
RM
70
RM64.90
65
60
55
50
Jan 24, 2017 Feb 20, 2018
opinion that blue chips are safer.
“They feel that it will be well-sup-
ported by funds, so they reshuffle
their portfolio and buy blue chips,”
Lau said.
Carlsberg Brewery Malaysia Bhd,
which has been hitting new highs
after it announced a strong fourth
quarter earnings last week together
with a new dividend policy, climbed
20 sen or 1.12% to a new record high
of RM18 after 117,100 shares were
exchanged, valuing it at RM5.54
billion.
Among other blue chips that rose
were Ajinomoto (Malaysia) Bhd
and Malaysian Pacific Industries
Bhd (MPI).
Ajinomoto grew 20 sen or 0.97%
to RM20.80 after 34,000 shares were
traded for a market capitalisation
of RM1.27 billion. MPI, mean-
while, climbed 55 sen or 6.12% to
RM9.53 after 562,200 shares were
exchanged, valuing the company
at RM1.9 billion.
HOME BUSINESS 3
Moody’s: Absent improvements in
productivity curb growth potential
KUALA LUMPUR: Moody’s antic-
ipates the country’s robust eco-
nomic growth to continue this
year. However, the rating agency
warns of limited growth potential
in Malaysia in the long run should
the government fail to improve
productivity significantly.
Also, Moody’s cautioned that
the implementation of further fis-
cal consolidation remains a major
credit challenge in Malaysia, al-
though the trend of fiscal deficit
reduction has been maintained.
“Malaysia faces the challenge
of meaningfully lifting productiv-
ity growth to avoid falling into a
middle-income trap.
“Although by some definitions,
Malaysia is already classified as
a high-income economy, absent
improvements in productivity
growth, growth potential will con-
tinue to slow,” said Moody’s in
its annual credit analysis report.
Moody’s noted that labour
productivity levels are stronger
than its peers in Asia, such as
China, Indonesia, the Philippines
and Thailand, but are weaker
than those in more developed
economies. That said, the rat-
ing agency concluded that the
country’s ongoing efforts to raise
productivity, coupled with the
relatively well-diversified nature
of the economy and its ability
to withstand shocks in the past,
reinforces its expectations that
Malaysia’s growth performance
will remain robust relative to sim-
ilarly rated peers.
In 2016, labour productivity
grew 3.5%, driven by ongoing
government efforts to increase
digitalisation and improve ac-
countability at the industry lev-
el, said Moody’s in the analysis.
Moody’s expects Malaysia’s
gross domestic product (GDP)
growth to moderate slightly to
5.2% in 2018 driven by infrastruc-
ture development activities. It
said that a pipeline of large in-
frastructure projects — such as
the Pan Borneo Highway, the
JDE Asia’s offer for OldTown shares
open until March 13
BY AHM A D N AQ IB ID R IS
KUALA LUMPUR: Jacobs Douwe
Egberts Holdings Asia NL BV (JDE
Asia) yesterday issued the offer
document for its conditional vol-
untary takeover offer of OldTown
Bhd at RM3.18 per share, which
will be open until March 13.
According to the document,
JDE Asia said it had obtained irrev-
ocable undertakings from share-
holders Old Town International
Sdn Bhd, Lee Siew Heng and Maw-
er Investment Management Ltd,
who collectively hold 238.32 mil-
lion shares representing a 51.45%
stake. JDE Asia intends to delist
and privatise OldTown upon the
acquisition, as this would pro-
vide both parties greater control
and management flexibility in the
implementation of any strategic
initiatives or operational changes.
Pengerang refinery and petro-
chemical plant, mass rapid trans-
port projects in Kuala Lumpur,
and the East Coast Rail Link and
Kuala Lumpur-Singapore high
speed rail — should stimulate
both public and private invest-
ments. “By contrast, the upturn
in trade is unlikely to continue
at a similar pace and govern-
ment spending is unlikely to be
as strong as it has been in the
lead-up to [the] elections, that
are scheduled to be held before
August 2018,” said the report.
Commenting on the country’s
budget deficit, Moody’s said fur-
ther fiscal consolidation is likely
to be very slow with the absence
of any meaningful revenue-rais-
ing measures (the past two budg-
ets have contained none). “The
government had acknowledged
that its goal of achieving a bal-
anced budget by 2020 will not be
met, instead pushing it forward
by another two to three years.
Achieving this goal will likely rest
primarily on economic growth,
rather than any structural budg-
etary measures,” said the report.
Moody's has affirmed Ma-
laysia’s A3 rating with a “stable”
outlook. However, it is noted in
the credit analysis that the down-
side risks of the current rating
are — a significant worsening
in Malaysia's debt dynamics —
possibly arising from a renewed
fall in commodity prices or the
crystallisation of contingent li-
abilities; a deterioration in the
balance of payments position or
material capital flight which puts
further pressure on reserves; and
a long-lasting negative shock to
the economy, possibly amplified
by high household debt levels.
Meanwhile, the rating agency
noted that Malaysia continues to
be exposed to potential volatility
in capital inflows given an active
non-resident investor presence.
Moreover, foreign reserve ade-
quacy remains low when com-
pared with A-rated peers.
In the event that the offeror re-
ceives acceptances for 90% or more
of OldTown shares, trading in the
counter will be suspended after five
market days from March 13, and the
requisite steps will be taken to delist
OldTown.
JDE Asia said it plans to continue
the existing business of OldTown, but
said it may review the businesses and
operations. It said it may transfer por-
tions of the coffee-related business
of OldTown to other jurisdictions,
as JDE Asia has an affiliated entity
involved in coffee-related business
in China, Hong Kong, Taiwan and
Macau. It added that it does not have
any plans to introduce any major
changes to the business of OldTown
or to liquidate any of the compa-
nies within the group, dispose of
any major assets or undertake any
major redeployment of fixed assets
of the group.
4 HOME BUSINESS
JAKS, Star Media at loggerheads
over project delay
Works on Tower A yet to start; the commercial and residential parts also behind schedule — source
BY SA M A N THA H O
KUALA LUMPUR: A more than
two-year delay in completing the
Pacific Star Business Hub by JAKS
Resources Bhd has been cited as
the reason for Star Media Group
Bhd to call on a RM50 million bank
guarantee for the project.
Now, both parties appear to be
pointing fingers at each other for
causing the delay. The project was
expected to be completed in 2016.
JAKS has accused Star of pre-
venting the completion of Tow-
er A under the project by the
agreed Feb 15 deadline, and said
its 51%-owned subsidiary JAKS Is-
land Circle Sdn Bhd (JIC) should
have been given a time extension
to complete the project.
However, a source close to Star
pointed out that Tower A is not
the only component that has yet
to be developed. The source said
the remaining commercial and
residential parts of the project are
EDITOR’S PICKS FROM
theedgemarkets.com
UEM Edgenta declares bumper dividend
after 4Q profit jumps 20 times
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: UEM Edgen-
ta Bhd announced a special divi-
dend of 18 sen per share — togeth-
er with a second interim dividend
of five sen per share in respect of
its financial year 2017 — after its
fourth-quarter net profit jumped
about 20 times following the dis-
posal of its entire stake in Opus In-
ternational Consultants Ltd (OIC)
last year.
Its net profit for the fourth quar-
ter ended Dec 31, 2017 (4QFY17)
surged to RM324.81 million from
RM16.49 million a year earlier, after
booking a gain of RM274.91 mil-
lion from the disposal of its 61.2%
stake in OIC, held via indirect whol-
ly-owned unit, Opus International
(NZ) Ltd. The disposal was com-
pleted in December.
The special dividend is payable
on April 18, and the second interim
dividend on May 17. The total pay-
out of 23 sen, in respect of its FY17,
brings its full-year payout to 31
sen — its highest dividend payout
so far — versus seven sen in FY16.
“The declaration of this special
dividend and [the] second interim
dividend is in line with our commit-
ment to return excess cash from the
disposal of OIC, and we will contin-
ue this commitment of rewarding
our shareholders,” UEM Edgenta
managing director and chief exec-
also behind schedule.
“There were defects in the
building which Star [had] asked
to be rectified, but I don’t think that
amounts to changes requiring over
two years’ delay,” the source said.
Yesterday, Star said in a Bur-
sa Malaysia filing that JAKS had
failed to deliver vacant possession
of Tower A by Feb 15, following
the latest extension agreed by the
two parties.
“As JAKS had failed to deliver
vacant possession of Tower A by
the stipulated deadline, the com-
pany had in accordance with its
rights under the SPA (sale and pur-
chase agreement) and [the] terms
of [two] bank guarantees pledged
as security, made a demand on the
bank guarantees from the financial
institutions amounting to RM50
million,” it added.
The explanation came after
JAKS said on Monday it would file
an injunction in the High Court to
restrain two financial institutions
Azmir: The dividend payout is in line
with our commitment to return excess
cash from the disposal of OIC. Photo
by Suhaimi Yusuf
utive officer Datuk Azmir Merican
said in a statement.
Excluding the discontinued op-
erations where the disposal gain
was parked, its net profit rose 15%
year-on-year (y-o-y) to RM54.07
million from RM47.16 million, UEM
Edgenta’s Bursa Malaysia filing yes-
terday showed.
For the full FY17, UEM Edgen-
ta’s net profit spiked 422% y-o-y to
RM418.19 million from RM80.06
million. Revenue grew 34% y-o-y to
RM2.12 billion from RM1.58 billion.
However, its pre-tax profit for
FY17 was lower at RM172.9 million
compared with RM181.5 million
in FY16, due to higher interest ex-
pense incurred for its Murabahah
from releasing the bank guaran-
tees to Star. It said Star’s call on the
guarantees was “baseless”.
In August 2011, JAKS signed an
SPA to buy 6.04 acres (2.44ha) of
land in Section 13, Petaling Jaya
for RM135 million from Star.
In return, it would construct the
Pacific Star Business Hub, with the
irrevocable and on-demand bank
guarantees made as security to
ensure developer JIC completes
and delivers Tower A within three
years from the vacant possession
date or the date of the plans’ ap-
proval for the tower.
A spokesman for JAKS said the
group has no further comment
until the injunction is filed. Mean-
while, analysts covering JAKS re-
main sanguine on whether the
company can weather any impact
from the bank guarantees being
called.
“There is unlikely to be any
short-term impact as we believe
the court process will take some
term facility and sukuk, and higher
amortisation of intangible assets.
Its consultancy division posted
lower pre-tax profit contribution,
due to works requiring external
consultants which resulted in full
revenue pass through. This was
partly offset by higher contribution
from the healthcare services and
infra services divisions.
The group said it began 2018
on a strong financial footing with
a stronger balance sheet and low-
er gearing following the disposal
of OIC, and is now focused on its
three core operations — consul-
tancy, services and solutions in
healthcare, infrastructure and real
estate sectors.
“Moving forward, in FY18, UEM
Edgenta expects to continue deliv-
ering strong dividend payout and
return to shareholders. This will
be backed by its strong and stable
earnings as well as growth in all of
its business divisions,” the group’s
statement said.
It also said it will continue fo-
cusing on operational excellence
initiatives to drive better margins
and profitability as well as to realise
synergies from its acquisitions, and
deploy technology-based enablers
to its customers.
UEM Edgenta shares closed un-
changed at RM2.34 yesterday, with
a market capitalisation of RM1.95
billion.
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
time,” RHB Research analyst Ng
Chi Hoong said. “[Even] if the
court does not rule in JAKS’ fa-
vour, they have the cash to meet
the payment from their recent
land disposal,” he told The Edge
Financial Daily.
Ng added that the injunction
does not represent the final ver-
dict on the responsible party for
the delay, although JAKS will need
to complete the project before any
decision can be made on who
should bear responsibility.
He also said as JAKS made a
liquidated and ascertained dam-
ages provision of RM20.78 million
on Sept 30, 2017, there is potential
for a write-back if the court rules
in the company’s favour.
Another analyst with a local
investment bank shared that the
delay had been caused by request-
ed changes to the building design.
“As JAKS is confident they have
a case against Star, there is no need
for a provision,” said the analyst,
Nestle 4Q net profit doubles to
RM133.5m; proposes RM1.35 dividend
BY S ANG E E T H A A MA RT H A L IN G A M
KUALA LUMPUR: Nestle (M) Bhd
posted a record high fourth-quarter
net profit of RM133.54 million, dou-
ble the RM66.94 million reported
last year, thanks to continued sus-
tainable cost management.
Nestle said the different phasing
of marketing investments in 2017
also drove the quarterly net profit
as investments were well spread
over four quarters compared with
the exceptionally high spending in
the fourth quarter of 2016 (4Q16).
Earnings per share for the
fourth quarter ended Dec 31, 2017
(4QFY17) stood at 56.95 sen com-
pared with 28.55 sen in 4QFY16,
the group said in a filing with Bur-
sa Malaysia.
Quarterly revenue inched up
2.54% to RM1.28 billion from RM1.25
billion previously. The group said the
rise should be interpreted in light of
the Chinese New Year which began
later in 2018 compared with that in
2017, resulting in less sales taking
place in 4Q17 versus that in 4Q16.
Nestle said the increase in rev-
enue was supported by domestic
sales that grew 4.5% due to contin-
uous innovation and renovation in-
itiatives, and successful marketing
and trade promotions.
The steady domestic sales com-
pensated for the moderate slow-
down in export sales because of the
declining to be named, adding
that the delay was not unexpected.
JAKS is now selling the devel-
opment, dubbed the Pacific Star
Business Hub, for RM240 million
to another of its 51%-owned sub-
sidiary, Fortress Pavilion Sdn Bhd,
after signing an SPA with the latter
on Aug 9. The remaining 49% stake
in both subsidiaries, JIC and For-
tress Pavilion, is held by Island Cir-
cle Development Sdn Bhd (ICD).
According to ICD’s website, the
development comprises five tow-
ers: two are commercial blocks
— one 14-storey and the other
16-storey; while three are serviced
apartment blocks between 24 and
33 storeys, with four storeys of re-
tail space as well as basement and
elevated car parks.
JAKS shares fell six sen or 3.26%
to RM1.78 yesterday, with a market
capitalisation of RM880 million.
Star shares slid one sen or 0.73%
to RM1.36, with a market capital-
isation of RM1 billion.
later phasing of Chinese New Year
in 2018, it added.
Nestle also registered its high-
est full-year net profit for FY17 at
RM645.80 million, up 1.36% from
RM637.13 million in FY16. Revenue
climbed 3.89% to RM5.26 billion
from RM5.06 billion in FY16.
The group proposed a final divi-
dend of RM1.35, bringing total pay-
out for FY17 to RM2.75.
“The group’s solid performance
has been achieved due to strategic
investments in campaigns, includ-
ing the Kuala Lumpur SEA Games
2017 and Milo Breakfast Day which
inculcates good breakfast habits and
active lifestyles, as well as Nestle
Omega Plus’ ‘Stop The Count’ cam-
paigns promoting healthier hearts,”
said Nestle chief executive officer
Alois Hofbauer in a media release.
“Nestle’s continuous focus on
innovation and renovation has also
been key in contributing to these
positive results, with new and ex-
citing products contributing to our
turnover growth. In the year under
review, we successfully launched
new products including Milo Nu-
tri-up, high in calcium and a good
source of protein, as well as Nestum
Cereal with Milk in a bottle filled
with multigrains,” he added.
Nestle’s share price closed up
RM1.10 or 0.91% at RM121.50 yes-
terday, with a market capitalisation
of RM28.5 billion.
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
Versatile Creative sees ‘double-
digit’ FY18 revenue growth
CEO expects even better perfomance for FY19 on production efficiency, better order volume
BY CH E ST E R TAY
KUALA LUMPUR: Paper box
and plastic packaging service
provider Versatile Creative Bhd
may see a “low double-digit”
revenue growth rate for the fi-
nancial year ending March 31,
2018 (FY18), driven by higher
sales volume.
The group’s managing direc-
tor and chief executive officer
Datuk Wong Kong Choong @
Leong Kong Choong said he
expects FY19 revenue growth
to be much higher as manage-
ment continues its effort to im-
prove production efficiency,
and with higher order volumes
from the food and beverage
and pharmaceutical segments.
“Our major customers today
are mostly in manufacturing
[businesses] like rubber gloves
and electronics. The food mar-
ket is big, but our penetration
is still very low. This segment
only contributes about 2% to
3% of our total revenue. We
hope to increase that to about
20% to 25% within one or two
years,” he said in an interview
with The Edge Financial Daily
last week.
“We are confident [of achiev-
ing the company’s aim]. We
are already in discussions with
some sizeable food companies
for more orders. I think we will
be getting them in the second
quarter of this year. Another
segment that we are looking
at is pharmaceutical; this part
forms about 5% of our total
revenue. We hope to double
it by the middle of this year as
well,” he added.
For the nine months ended
Dec 31, 2017 (9MFY18), Versa-
tile Creative booked a revenue
of RM40.86 million, which was
already 15.9% higher than the
RM35.25 million it recorded
in the previous correspond-
ing period.
The group posted a net profit
of RM125,000 in 9MFY18, ver-
sus a net loss of RM1.31 million
in 9MFY17.
While Wong declined to
share any profit guidance for
FY18, Versatile Creative execu-
tive director Andy Yap Jee Wye,
who was also present at the in-
terview, said the group’s funda-
mentals have been strengthen-
ing since the new management
took over.
“Our fundamentals are ac-
tually very strong. If you refer
to our past records in 1QFY18
(the first quarter of FY18) and
2QFY18, there has definitely
been some progression,” he
said.
Versatile Creative, which
were posting losses from FY14,
HOME BUSINESS 5
returned to a profit in FY17, the pects, Wong said he might increase owned 10.31 million shares or an Yesterday, Versatile Creative
same fiscal year when Wong his shareholding in the company 8.79% stake in the group, while shares rose half a sen or 0.84% to
was appointed to the board “should the opportunity arise”. Yap owned 2.09 million shares or close at 60 sen, giving it a market
towards the end of 2QFY17. As at Dec 28 last year, Wong 1.79% as at Oct 6 last year. capitalisation of RM70.4 million.
For FY17, the group posted
a net profit of RM70,879 versus
a net loss of RM2.06 million
in FY16, while revenue grew
6.78% to RM47.48 million from
RM44.47 million over the same
period a year ago.
Yap said the management’s
current focus is to proactively
secure more orders and reduce
cost by investing in newer tech-
nology and machineries.
“We really sit down to get
things to work out in the right
way. There’s no point talking
about the past. Now, since the
new management has taken
over, the group’s marketing and
sales activities have been in-
creasing,” he said.
“We put in the right and
quality people in the company
to push through what we want
to achieve. In terms of cost,
we put in the right operation
people to manage it, [and for]
things that we can do better,
we do it. We are upgrading our
equipment to focus on produc-
tion efficiency. So, it’s not like
we are just sitting down there
and waiting for orders to come,”
he added.
Yap said these upgrades in
capacity will be partially fund-
ed by proceeds from the group’s
disposal of the entire 3.37%
stake it holds in Iris Corp Bhd.
Versatile Creative sharehold-
ers approved the proposed dis-
posal last week to raise some
RM19.19 million, based on the
indicative disposal price of 23
sen per Iris share.
“But most of the proceeds
will still be used in paying down
Versatile Creative’s debt be-
cause we have a lot of assets
which are collateral for these
debts. So, now we can free up
these assets and perhaps mon-
etise them and upgrade to new
ones,” Yap said.
Wong said proceeds raised
from the sale of the Iris shares
will not be sufficient to buy new
machineries in the future, so he
does not rule out the possibility
of a cash call.
“Internally, we have our
business plan for Versatile Cre-
ative over the next one or two
years, which we cannot reveal
today. But I think we are going
to need more funds to fuel the
growth. For example, one of the
machines that we are interest-
ed now is [of ] a German brand,
and a single unit of that is go-
ing to cost somewhere around
RM25 million,” he said.
Since he believes in Ver-
satile Creative’s future pros-
6 HOME BUSINESS
BDB posts first loss-
making year since 1998
It blames weak FY17 performance on fewer billings, delayed launches
BY A DA M A ZI Z
KUALA LUMPUR: A 65% drop in
revenue caused Bina Darulaman
Bhd (BDB) to deliver a net loss of
RM10.42 million in the fourth quarter
ended Dec 31, 2017 (4QFY17), which
dragged its full-year results into the
red for the first time since 1998.
The developer incurred a 3.43 sen
loss per share in the recent quarter,
from earnings per share of 7.65 sen
in 4QFY16, 6, when it booked a net
profit of RM23.27
M23.27 million.
Quarterlyrly revenue shrank to
RM54.68 million fromRM153.92
from RM153.92
million a year ago, mainly due
to lower contributions from
the group’ss property, and road
building andnd quarry divisions.
The losses
osses incurred in
the latestt quarter caused
BDB’s FY17Y17 — al-
ready suff ffering
ering
from low profits
over the earlier
arlier
Better prices,
stronger sales boost
PetChem’s 4Q profit
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: A stronger reve-
nue due to better prices and higher
sales volumes following the start
of its Sabah Ammonia and Urea
(Samur) plant’s production boosted
Petronas Chemicals Group Bhd’s
(PetChem) net profit in the fourth
financial quarter, which climbed
2% year-on-year (y-o-y) to RM1.01
billion from RM987 million.
PetChem’s revenue for the quar-
ter ended Dec 31, 2017 (4QFY17)
was up 20% to RM4.74 billion from
RM3.95 billion, its stock exchange
filing yesterday showed.
It declared a second interim
single-tier dividend of 15 sen for
FY17 amounting to RM1.2 billion
— payable on March 21 this year
— bringing its full FY17 dividend
payout to 27 sen, compared with
19 sen in FY16.
The better revenue, said
PetChem in a stock exchange fil-
ing, resulted in a 16% or RM243
million improvement in earnings
before interest, taxes, depreciation
and amortisation to RM1.7 billion.
However, the positive impact
on profit after tax was partially
offset by higher tax expenses aris-
ing from recognition of deferred
tax liabilities and higher depreci-
ation at Samur.
PetChem said its plant utilisa-
tion was at 93% during the quar-
nine months — to book a net loss
of RM7.81 million, from RM34 mil-
lion in net profit a year ago. Full-
year revenue declined 29.41% to
RM251.71 million from RM356.59
million previously.
The Kedah-centric property and
construction player blamed the much
weaker performance in FY17 on fewer
billings and delayed launches.
In a statement, group manag-
ing director Datuk Izham Yusoff
(pic) said BDB’s property devel-
opment segment suffered
a 62% decline in reve-
nue to RM81.4 million
in FY17 from RM213
million in FY16, no
thanks to lower pro-
gress billings.
“The drop in reve-
nue was also a result
of continued
stringent
housing
loan ap-
PHOTO BY KENNY YAP
ter, slightly lower than 96% in
4QFY16, following higher levels of
statutory turnarounds and main-
tenance activities undertaken.
Nevertheless, it achieved more
production and sales volumes
mainly because of Samur, which
started commercial operations in
May 2017, while overall average
product prices improved in line
with firmer crude oil prices.
For FY17, PetChem’s net profit
expanded by 42% y-o-y to RM4.18
billion from RM2.93 billion, on
the back of a 26% y-o-y rise in
revenue to RM17.41 billion from
RM13.86 billion.
Going forward, PetChem
said its operations would be
primarily influenced by global
economic conditions, the rate of
utilisation of its production fa-
cilities and petrochemical prod-
uct prices that have a high cor-
relation with crude oil prices,
particularly in the olefins and
derivatives segment.
“The utilisation of our produc-
tion facilities is dependent on
plant maintenance activities and
sufficient availability of feedstock
and utilities supply. The group
will continue with its operational
excellence programme and sup-
plier relationship management to
sustain [the] plant utilisation level
at above [the] industry bench-
mark,” PetChem added.
plication rulings which limited cus-
tomers’ access to desired funding.
This resulted in many customers
having to cancel their bookings,”
said Izham.
“Many of those who went on
to purchase had to make compro-
mises by switching from earlier
preferred products priced at more
than RM400,000 to more affordably
priced products to facilitate success-
ful funding application,” he added.
BDB’s ongoing medium- to high-
eend residential projects in Bandar
Darulaman and Darulaman Perda-
D rejection rates and failure to obtain
na townships were also at advanced
n desired loan margins that resulted
sstages of development, which added
to the lower recognition in the seg-
ment. In comparison, the segment’s
m products last year,” he said.
rrevenue and profit in the previous
yyear were significantly contributed
by land disposal, said BDB.
b worth RM344.4 million, healthy
Meanwhile, its leisure segment
— which introduced a water theme
park in its Darulaman Putra town-
p times — can support a pickup in
sship last year — also continued the
Asia debt binge to dampen growth
but not derail it, Oxford says
BY E NDA C U RRAN
HONG KONG: Asia’s soaring levels
of debt will weigh on growth over
the next decade — especially in
China, Malaysia, Thailand and In-
dia — but it would not be enough
to derail the region’s economy.
That is because of mitigating
factors such as high domestic
savings and resilient supply-side
dynamics, according to Priyanka
Kishore, lead Asia economist at Ox-
ford Economics Ltd in Singapore.
“These should act as substan-
tial buffers,” Kishore wrote in a
note. “Even with growth slowing
to 3.5% by 2030 [from around 5%
currently], we expect Asia to re-
main the largest contributor to
Ayala Land owns 72.3% of MCT
as general offer closes
BY ADAM AZ I Z
KUALA LUMPUR: Ayala Land Inc,
the biggest property group in the
Philippines, increased its indirect
stake in MCT Bhd to 72.31% at the
close of the mandatory general offer
(MGO) for shares in the Malaysian
firm on Monday.
In a stock exchange filing yester-
day, MCT said Regent Wise Invest-
ment Ltd, a unit of Ayala Land, has
acquired an additional 22.12% stake,
representing 295.28 million shares
between Jan 27 and Feb 19, adding
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
loss-making trend from FY16.
Going forward, Izham expects
BDB to have a better balance in
the supply of affordable housing
units, with more property projects
to be rolled out.
“Approximately 75% of products
that we plan to roll out in 2018 are
priced up to RM400,000, making it
easier for customers to have access
to their expected loan margins.
“With this better balance, we are
confident we will be able to address
the issue of high loan application
in customers having to cancel their
intended purchase for higher priced
Izham is also confident that
BDB’s position — with a land bank
cash reserves of just under RM120
million, and a low gearing of 0.27
earnings in FY18.
global growth in the long run.”
Oxford forecasts that in the
long run, the debt of households
and non-financial companies
will remain above 100% of gross
domestic product in most Asian
economies, excluding Japan.
Noting that conventional anal-
ysis indicates this should weigh on
growth, Kishore said country-spe-
cific factors such as the distribution
of private-sector leverage by assets/
income levels found that China, Ma-
laysia and Thailand, and India to a
lesser extent, stand out as vulnerable
to debt-induced spending cutbacks.
But Asia will still remain the
world’s growth engine, Kishore
wrote. — Bloomberg
to the 50.19% stake in MCT held
by Regent Wise as at Jan 26.
MCT’s other substantial share-
holder includes Lembaga Tabung
Haji with a 10% stake.
Ayala Land intends to keep
the listing status of MCT. It was
reported on Feb 7 that Ayala Land
intends to explore options to in-
crease MCT’s public shareholding
spread to at least 25%, in accord-
ance with Bursa Malaysia’s Main
Market listing requirements,
within three months from the
closing date of the MGO.
‘Cryptocurrencies
yet to be a
significant
disruptor to
financial markets’
BY A H MA D N AQ IB ID R IS
KUALA LUMPUR: S&P Global
Ratings said a drop in the market
value of cryptocurrencies would
not have a significant impact on
financial markets for now, as it be-
lieves cryptocurrencies will need
some regulation and guidance
before they can play a bigger role.
“We believe that the characteris-
tics of a cryptocurrency, in its current
version, makes it more like a specu-
lative instrument that, if its market
value were to collapse, would not
disrupt global financial stability,” it
said in a statement yesterday.
It said this after noting the sig-
nificant amount of attention the
digital assets have garnered from
the market over the past 12 months,
and how, being independent from
central banks, the risk of them in-
filtrating the traditional financial
systems and exposing them to a
possible bubble burst have been
raising eyebrows at regulators.
“For now, a meaningful drop
in cryptocurrencies’ market value
would be just a ripple across the
financial services industry, still
too small to disturb stability or af-
fect the creditworthiness of banks
we rate,” said S&P Global Ratings
financial institutions sector lead
Dr Mohamed Damak.
Characteristics of
a cryptocurrency
make it more like
a speculative
instrument.
The rating agency said retail
investors would be the first to
bear the brunt in the event of a
collapse in market value at this
point. Rated banks, on the other
hand, should be largely insulated,
due to their limited exposure to
cryptocurrencies, it said.
If cryptocurrencies become an
asset class, the impact on finan-
cial services firms will be more
gradual, it added.
“We believe that the future suc-
cess of cryptocurrencies will largely
depend on the coordinated ap-
proach of global regulators and pol-
icymakers to regulate and enhance
market participants’ confidence in
these instruments,” Damak said.
Meanwhile, he said cryptocur-
rencies’ underlying blockchain
technology could be a positive dis-
rupter of various financial value
chains and, if widely adopted, could
have a meaningful and lasting im-
pact on the celerity, traceability
and cost of financial transactions.
“The financial market infra-
structure segment might also see
benefits from cryptocurrencies
and blockchain through the launch
of new income-generating prod-
ucts, such as futures or exchanges
based on cryptocurrencies, or the
replacement of existing systems by
new ones based on blockchain,”
the rating agency added.
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
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SUPERMAX CORP BHD (-ve) SUPERMAX CORP BHD FY14 FY16 FY17 FY2018Q2
(ALL FIGURES IN MYR MIL) 31/12/2014 30/6/2016 30/6/2017 31/12/2017
SHARES in Supermax Corp Bhd (fundamen- Quarterly revenue grew 42% y-o-y to
Financials
tal: 1/3, valuation: 1.4/3), which triggered our RM335.91 million from RM236.74 million,
momentum algorithm yesterday, closed six as it enjoyed stronger demand for gloves Turnover 1,004.4 1,549.5 1,126.9 335.9
sen or 2.5% higher at RM2.46. It saw 11.53 and achieved higher output. Ebitda 154.6 255.0 148.7 68.8
million shares traded, near five times its 200- The glove maker declared a single-tier Interest expense 8.2 15.1 11.1 3.3
day average volume of 2.4 million shares. interim dividend of three sen per share in Pre-tax profit 128.3 207.3 107.9 57.6
Supermax’s net profit rose 59% year-on- respect of FY18, payable on March 28. Net profit - owners of company 95.6 144.0 67.2 35.9
year (y-o-y) to RM35.9 million in the second For the first six months of FY18, the group’s Fixed assets - PPE 667.6 812.6 882.6 882.2
quarter ended Dec 31, 2017 (2QFY18) from net profit jumped 52% y-o-y to RM63.8 mil- Total assets 1,123.4 1,185.4 1,219.4 1,219.2
RM22.57 million, driven by stronger revenue, lion from RM42.11 million, as revenue rose Shareholders' fund 945.2 1,018.6 1,067.2 1,076.8
higher production capacity and improved 28% to RM647.94 million from RM505.74 Gross borrowings 352.6 385.0 450.5 404.0
operational efficiency. million. Net debt/(cash) 220.6 260.1 294.5 249.3

SUPERMAX CORP BHD Valuation score* 1.40

Fundamental score** 1.00
TTM P/E (x) 17.12 SUPERMAX CORP BHD FY14 FY16 FY17 ROLLING 12-MTH
TTM PEG (x) 0.50 RATIOS 31/12/2014 30/6/2016 30/6/2017
P/NAV (x) 1.46 DPS ($) 0.05 0.08 0.06 0.06
TTM Dividend yield (%) 2.31 Net asset per share ($) 1.40 1.52 1.60 1.64
Market capitalisation (mil) 1,573.57 ROE (%) 10.37 14.66 6.44 8.68
Shares outstanding (ex-treasury) mil 655.65 Turnover growth (%) (4.18) 54.28 (27.28) 27.22
Beta 0.57 Net profit growth (%) (20.11) 50.53 (53.32) 34.04
Net margin (%) 9.52 9.29 5.96 7.24
12-month price range 1.67-2.43
ROA (%) 8.75 12.47 5.59 7.57
*Valuation score - Composite measure of historical return & valuation Current ratio (x) 1.63 1.27 1.12 1.13
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) 23.34 25.53 27.59 23.15
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 18.93 16.92 13.44 15.23

YKGI HOLDINGS BHD (-ve) YKGI HOLDINGS BHD FY14 FY15 FY16 FY2017Q3
(ALL FIGURES IN MYR MIL) 31/12/2014 31/12/2015 31/12/2016 30/9/2017
SHARES in YKGI Holdings Bhd (fundamen- low gross margin.
Financials
tal: 0.2/3, valuation: 0.9/3), which triggered Quarterly revenue jumped 13.86% year-
our momentum algorithm for the first time on-year to RM101.72 million from RM89.33 Turnover 537.7 491.6 399.6 101.7
this year, closed up 1.5 sen or 7.5% at 21.5 sen. million, due to higher selling price despite Ebitda 1.8 11.9 22.4 3.5
It saw 3.55 million shares traded, versus its lower sales volume. Interest expense 14.7 12.9 11.6 2.4
200-day average volume of 251,031 shares. For the nine months ended Sept 30, 2017, Pre-tax profit (32.1) (19.8) (7.3) (3.2)
YKGI recorded a net loss of RM3.53 YKGI’s net loss expanded to RM8.11 million Net profit - owners of company (26.6) (16.6) (10.0) (3.5)
million in the third quarter ended Sept 30, from RM6.28 million in the previous year, as Fixed assets - PPE 354.8 283.1 269.7 264.7
2017, compared to a net profit of RM242,000 revenue dropped 3.38% to RM283.83 million Total assets 258.7 243.1 215.6 209.2
a year ago, impacted by soft demand and from RM293.75 million. Shareholders' fund 217.1 200.5 190.3 182.2
Gross borrowings 248.7 206.4 170.7 154.3
YKGI HOLDINGS BHD Valuation score* 0.90 Net debt/(cash) 221.9 178.3 139.3 114.8
Fundamental score** 0.20
TTM P/E (x) - YKGI HOLDINGS BHD FY14 FY15 FY16 ROLLING 12-MTH
TTM PEG (x) - RATIOS 31/12/2014 31/12/2015 31/12/2016
P/NAV (x) 0.38 DPS ($) - - - -
TTM Dividend yield (%) - Net asset per share ($) 0.62 0.58 0.55 0.52
Market capitalisation (mil) 69.67 ROE (%) (12.87) (7.93) (5.10) (12.46)
Shares outstanding (ex-treasury) mil 348.34 Turnover growth (%) (4.04) (8.57) (18.72) (2.96)
Beta 0.63 Net profit growth (%) - - - -
Net margin (%) (4.95) (3.37) (2.49) (6.25)
12-month price range 0.16-0.27
ROA (%) (10.35) (6.60) (4.34) (10.60)
*Valuation score - Composite measure of historical return & valuation Current ratio (x) 0.72 0.87 0.82 0.80
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) 102.23 88.94 73.19 62.99
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 0.13 0.92 1.92 0.39

ZELAN BHD (+ve) ZELAN BHD FY14_1 FY15 FY16 FY2017Q3

(ALL FIGURES IN MYR MIL) 31/12/2014 31/12/2015 31/12/2016 30/9/2017
SHARES in Zelan Bhd (fundamental: 0.2/3, in carrying a value of long-term receivables
valuation: 0.9/3), which triggered our mo- from the International Islamic Universi- Financials
mentum algorithm yesterday for the first ty Foundation Centre and Meena Plaza Turnover 211.0 413.0 222.8 8.6
time since the start of this year, closed projects of RM43.4 million, and a higher Ebitda 32.0 27.7 (49.7) (9.3)
one sen or 4% lower at 12 sen. It saw 6.09 unrealised foreign exchange loss of RM5.7 Interest expense 13.3 43.9 39.5 7.9
million shares traded, versus its 200-day million from overseas subsidies. Quarterly Pre-tax profit 47.2 21.8 (67.1) (10.3)
average volume of one million shares. revenue shrank 73.3% to RM17.39 million Net profit - owners of company 38.5 30.5 (67.6) (10.1)
Its net loss widened to RM59.1 million from RM65.11 million. Fixed assets - PPE 10.5 8.8 8.1 7.3
in the fourth financial quarter ended Dec For the full FY17, Zelan’s net loss was Total assets 394.2 527.9 568.7 572.1
31, 2017 (4QFY17), compared with RM37.7 about flat at RM67.52 million versus Shareholders' fund 176.7 205.3 132.0 128.9
million a year earlier. RM67.62 million in FY16. Revenue fell Gross borrowings 221.9 346.3 475.7 500.3
The group attributed the bigger net loss 68% to RM71.07 million from RM222.79 Net debt/(cash) 178.3 299.2 472.2 497.7
to a gross loss of RM1.1 million, diminution million.

ZELAN BHD Valuation score* 0.90

Fundamental score** 0.20
TTM P/E (x) - ZELAN BHD FY14_1 FY15 FY16 ROLLING 12-MTH
TTM PEG (x) - RATIOS 31/12/2014 31/12/2015 31/12/2016
P/NAV (x) 0.82 DPS ($) - - - -
TTM Dividend yield (%) - Net asset per share ($) 0.21 0.24 0.16 0.15
Market capitalisation (mil) 105.61 ROE (%) 24.54 15.96 (40.09) (29.49)
Shares outstanding (ex-treasury) mil 844.89 Turnover growth (%) (15.68) 95.75 (46.05) (56.57)
Beta 1.63 Net profit growth (%) 9.18 (20.76) - -
Net margin (%) 18.24 7.38 (30.35) (39.49)
12-month price range 0.10-0.18
ROA (%) 12.27 6.61 (12.33) (8.01)
*Valuation score - Composite measure of historical return & valuation Current ratio (x) 1.05 0.80 0.55 0.43
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) 100.89 145.69 357.78 386.28
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 2.40 0.63 (1.26) 11.42
8 P R O P E RT Y
Education seen as driver
of Chinese property
buying in Malaysia
They are purchasing to house their children studying here
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: Education is
expected to become a larger driv-
er of Chinese property buying in
Malaysia by 2025, said Juwai.com,
noting that by then Malaysia plans
to host 250,000 international stu-
dents, a near sevenfold increase
from 36,000 in 2014.
The leading Chinese internation-
al real estate website said that com-
pared to other parts of Southeast
Asia, Malaysia attracts more buyers
from China who are purchasing
properties for their own use.
“This includes purposes of hous-
ing their children who are studying
in Malaysia,” said Juwai.com chief
executive officer Carrie Law. “We
expect education to become a larg-
er driver of Chinese property buy-
ing by 2025. Relative to the global
average, Malaysia also attracts more
investment-oriented buyers.”
In a report entitled, “Belt and
Road drives Chinese real estate in-
vestment in Malaysia”, Law said that
in the first half of 2017 (1H17), 65.4%
of Chinese buyers bought properties
in Malaysia for investment purposes,
followed by for own use (58.5%), edu-
cation (9.9%) and emigration (3.7%).
She said Malaysia is in a privileged
position and is expected to benefit
from the growth in regional trade,
investment flows and economic co-
operation that the One Belt One Road
(Obor) initiative is intended to foster.
Citing a HSBC report, Law said
OBOR-related investments in Asia
alone are expected to total US$1.7
trillion a year through 2030.
She said China is already boosting
Law: We expect education to become a
larger driver of Chinese property buying
by 2025.
Malaysia’s economy with infrastruc-
ture investments linked to Obor, such
as the RM43 billion Melaka Gateway,
the RM200 billion Carey Island port
and city complex, the RM19 billion
Kuantan Port and Industrial Park and
the RM55 billion East Coast Rail Link.
She said although the Obor is still
at an early stage, the massive plan
has drawn Chinese businesses and
consumers to Malaysia where de-
mand for real estate has increased.
The average monthly views for
Malaysian properties on Juwai.
com grew to 21.3% in 1H17 from
3.7% in 1H16, while buy enquir-
ies have more than tripled since
2015 with a median enquiry price
of US$235,000 as at 1H17.
Law noted that over the past
three years, Malaysia and Singapore
have reversed positions in country
ranking based on the level of Chi-
nese buyer demand.
Malaysia was in the ninth place
between January and September
2017, from 15th in 2015 and 11th
in 2016, while Singapore dropped
to the 12th, ninth and 10th spot
respectively in the same period.
“Chinese buyer demand in Ma-
laysia is relatively concentrated,
with just three cities accounting
for the large majority of demand
to date. Kuala Lumpur accounts for
more than 40% of all buyer enquir-
ies so far this year. It is followed by
Johor Baru and Melaka,” Law said.
Meanwhile, Chinese offshore
real estate investments soared to
US$101.4 billion in 2016 from US$5
billion in 2010.
Law said Chinese the wealth gen-
eration is the key driver of investment
and unprecedented in recent years.
Quoting the Credit Suisse Global
Wealth 2016 report, she said there
are now some 1.6 million US dollar
millionaires in mainland China and
because of their prosperity, they
dominate international property
purchases.
“The [HSBC] report says that
they currently hold A$13 trillion
(RM40.03 trillion) of assets, up by
about 16% per annum from A$5.3
trillion in 2011. Real property ac-
counts for 53% of wealth held by
Chinese adults today,” she added.
“In the case of Malaysia, if mac-
ro, market and regulatory condi-
tions remain positive, the global
trends ... will drive growing Chinese
investment in local property. It is
not unrealistic to expect Chinese
investment in Malaysian residen-
tial real estate to at least double by
2025,” she added.
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
Singapore raises stamp duty
on expensive home buys
BY AR A D H A N A A R AV IN DA N
SINGAPORE: Singapore’s move on
Monday to raise stamp duty on ex-
pensive home purchases is likely to
dampen the recent wave of redevel-
opment sales in the city-state’s recov-
ering property market, analysts said.
From yesterday, the wealthy
city-state will apply a new top mar-
ginal rate of 4% stamp duty on
the portion of residential prop-
erty value in excess of S$1 million
(RM2.96 million), Finance Minister
Heng Swee Keat said in his budget
speech. The current rate ranges
between 1% and 3%.
Heng said the move was a pro-
gressive tax and came against the
backdrop of suggestions to tax the
rich more.
Analysts said the stamp duty
hike was marginal for individu-
al homebuyers, but may end up
prompting developers to become
more cautious about “en bloc” or
collective deals, where they buy
entire apartment blocks and re-
build them with more units.
“For example, some of the big
sites that have a S$1 billion price
tag, the increase will be very signif-
icant,” said Christine Li, director of
research at Cushman & Wakefield
in Singapore. “The developers will
Dubai’s real estate slump to last
till 2020 — S&P
DUBAI: Dubai real estate prices
could decline by 10% to 15% over
the next two years, hit by new
supply, geopolitical risks and the
introduction of value added-tax
in the United Arab Emirates, S&P
Global Ratings’ analysts said yes-
terday.
“We believe this correction will
continue at least for this year and
next, before prices stabilise in 2020
at the earliest,” said Sapna Jagtiani,
S&P’s credit analyst for corporate
and real estate ratings.
Rents in both residential and
have to fork out 1%, which means
the [asking] prices will have to prob-
ably come down, so that will help to
dampen the en bloc market.”
Singapore’s central bank warned
in November about “excessive ex-
uberance” in the city-state’s prop-
erty market, urging developers to
take into account upcoming supply
when bidding for land.
Data from property services
firm Colliers showed that a total
of 27 residential collective sales
with a combined value of S$8.13
billion were transacted in 2017 —
the best showing since 2007 when
S$11.6 billion were transacted.
Just last week, Singapore’s big-
gest property developer Capita-
land Ltd said it would buy a cen-
trally located apartment block for
S$728 million to redevelop.
The spate of en bloc residential
sales have come as Singapore’s
private home market stabilised
in 2017, recording its first annual
price rise in four years, at 1.1%.
Analysts said the stamp duty
hike meant developers would have
to factor in an additional cost in
their redevelopment purchases.
“With this, it will mean that there
will be an additional layer of con-
servativeness,” said Derek Tan, an
equity analyst at DBS. — Reuters
retail markets will also remain
under pressure, and hotels will
be forced to accept lower average
daily room rates to maintain oc-
cupancy levels, S&P said.
Jagtiani said the real estate
downturn would not be as severe
as that experienced in 2009 due
to prudence among lenders and
tighter regulation of the property
market.
House prices in Dubai in 2009-
2010 plunged more than 50% from
their peaks, pushing Dubai close
to a debt default. — Reuters
10 B R O K E R S’ C A L L / T E C H N I C A L S WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY

Market set to trend higher

BY B E N NY L EE diate resistance is at 1,850 points
based on the 61.8% Fibonacci re-
tracement level of the bearish trend
that started in early February.

G
lobal market indices
including the FBM
KLCI rebounded last
week after a steep
decline two weeks
ago. The FBM KLCI
increased 1% in a week to 1,838.28
points last Thursday. Market sen-
timent was boosted by a stronger
ringgit and the rebounding of glob-
al markets. The index continued
to increase this week and closed
at 1,855.99 points yesterday.
Trading volume dropped sig-
nificantly as market participants
started to take a break from the
stock market ahead of the Chinese
New Year holidays. The average
daily trading volume fell to 1.7 bil-
lion shares from 3.2 billion shares
two weeks ago. The average daily
trading value increased to RM2
billion from RM3.4 billion.
Local institutions were the net
buyers in the first three days of
last week. Net buying from local
institutions was 111 million and
net selling from foreign institutions
and local retailers were 55 million
and 56 million respectively.
For the FBM KLCI, only four
out of 30 counters closed lower
from last week. The top gainers for
the week were Axiata Group Bhd
(+3.3% in a week to RM5.60), Nes-
tle (M) Bhd (+2.8% to RM119.40)
and Maxis Bhd (+2.7% to RM6.04).
The top decliners were Sime Dar-
Daily FBM KLCI chart as at Feb 15, 2018.
by Bhd (-1.8% to RM2.67), Hong
Leong Financial Group Bhd (-1.7%
to RM18.26) and MISC Bhd (-1.3%
to RM7.04).
Markets globally rebounded
last week after plunging two weeks
ago. In Asia, the increase was led
by Hong Kong’s Hang Seng Index
which rose 5.4% in a week. In the
western markets, the US Dow Jones
Industrial Average rose 4.3%, while
in Europe, France’s CAC 40 Index
led with a 3.7% increase.
The US dollar was weak-
er against major currencies last
week. The US dollar index fell to
89.1 points last Friday from 90.3
points the week before. The ringgit
strengthened against the US dollar
from RM3.94 against the greenback
to RM3.89 last Thursday.
Brent crude oil futures rebound-
ed and increased 3.5% to close at
US$64.90 (RM253.25) per barrel
last Friday. Commodity exchange
gold also rebounded and increased
Technically, the FBM KLCI is
bullish above both the short- and
long-term 30- and 200-day moving
averages. Furthermore, the index
is above the Ichimoku Cloud in-
dicator which is expanding up-
wards. However, the bullish trend
can only continue if the technical
resistance level at 1,850 points can
be broken.
Momentum indicators are
mixed. The Relative Strength In-
dex and oscillator indicators have
climbed above their mid-levels
and this indicates that the senti-
ment has turned bullish. However,
the moving average convergence
divergence indicator is still de-
clining below its moving average.
Furthermore, the Bollinger Bands
indicator is narrowing.
The FBM KLCI rebounded last
week but to continue its bullish
trend, the index has to overcome
the technical resistance level at
1,850 points. A breakout above this
2.4% to US$1,349.40 an ounce. level could bring the index to test
However, crude palm oil futures the historical high at 1,890 points.
were directionless and fell only
0.4% in a week to close at RM2,506
per tonne last Thursday. The above commentary is solely
Two weeks ago, the FBM KLCI used for educational purposes and
fell below the support level at 1,840 is the writer’s point of view using
points. Last week, the index re- technical analysis. The commen-
bounded but was still below the tary should not be construed as an
broken support level. Therefore, investment advice or any form of
the market was cautious last week recommendation. Should you need
despite bargain hunting when the investment advice, please consult a
market fell two weeks ago. Imme- licensed investment adviser.

Expect Peeca’s revenue to grow at CAGR of 6.4% for FY17-FY20

Pecca Group Bhd Pecca Group Bhd
(Feb 20, RM1.30)
Maintain buy with a target price FYE JUNE (RM MIL) 2016 2017 2018E 2019E 2020E
(TP) of RM1.52: We upgrade Pecca Revenue 126.3 122.2 138.4 144.4 147.9
Group Bhd to a “buy” and raise our Ebitda 22.6 21.0 24.9 26.5 27.3
TP to RM1.52 as strong demand for
Pre-tax profit 19.3 19.6 23.3 25.0 26.0
the refreshed Perodua Myvi and
new model line-ups from Toyota Net profit 14.5 14.7 17.8 19.2 19.9
will likely spur demand for leather EPS (sen) 7.7 7.8 9.5 10.2 10.6
seats. As Pecca is the largest auto- PER (x) 16.9 16.8 13.8 12.8 12.4
motive leather upholstery player Core net profit 15.3 14.5 17.8 19.2 19.9
in Malaysia, we project its reve- Core EPS (sen) 8.1 7.7 9.5 10.2 10.6
nue to grow at a compound annu- Core EPS growth (%) (22.9) (5.1) 22.9 7.4 4.0
al growth rate (CAGR) of 6.4% for
Core PER (x) 16.1 17.0 13.8 12.8 12.4
financial year 2017 (FY17) to FY20
as more mainstream cars are fea- Net DPS (sen) 4.0 5.0 6.0 6.0 6.0
turing leather content in entry-lev- Dividend yield (%) 3.1 3.8 4.6 4.6 4.6
el-segment cars. Potential rerating EV/Ebitda (x) 7.0 7.3 5.9 5.2 4.6
catalysts include penetration into ROE (%) 9.8 8.9 10.5 10.8 10.7
leather upholstery for commercial ROA (%) 8.0 7.9 9.3 9.5 9.5
aviation and the Thailand export As the main leather car seat supplier to Perodua, it is estimated that Pecca will see car
Debt to equity (x) Net cash Net cash Net cash Net cash Net cash
market. seat orders increase by an additional 21%.
BPS (RM) 0.84 0.87 0.91 0.95 1.00
As the main leather car seat sup-
plier to Perodua, strong demand PBR (x) 1.6 1.5 1.4 1.4 1.3
for the new Perodua Myvi augurs drive the additional growth we are rounding the automotive market. Chg in EPS (%) 13.0 12.1 1.0
well for Pecca. We estimate that expecting. We believe Pecca would potentially Affin/Consensus (x) 1.0 1.0 0.9
Pecca will see car seat orders in- With a net cash position of increase its dividend payout to six Sources: Company, Affin Hwang forecasts, Bloomberg
crease by an additional 21% from RM97.5 million in the first quarter sen (based on a payout ratio of 63%)
the continued demand for Pero- of 2018 (40% of current market cap), in FY18 in tandem with its strong-
dua’s top-selling model, Myvi, and Pecca is likely to reward sharehold- er earnings and limited near-term “buy” from “hold”, with a revised and its strong net cash position of
its other models. While Perodua is ers with a higher payout in lieu of capital expenditure requirements. 12-month TP of RM1.52 based on RM97.5 million provides ample
aiming to sell 209,000 units in 2018 an ambitious expansion. We believe We raise our 2018 to 2019 earn- an unchanged 2018 price-earn- room for a higher dividend payout
(+2% year-on-year), an improved it will continue to adopt a cautious ings per share forecasts by 12% to ings ratio (PER) of 16 times. Pecca’s and earnings-accretive mergers
product mix and thus higher de- stance in its expansion strategy, in 13% on revised car seat sales as- current calendar year 2018 ex-cash and acquisitions. — Affin Hwang
mand for leather seats will likely view of the weak sentiment sur- sumptions. We upgrade Pecca to PER of 8.1 times looks attractive Capital, Feb 20
12 B R O K E R S’ C A L L
Sime Darby
Plantation’s long-term
prospects promising
Sime Darby Plantation Bhd
(Feb 20, RM5.55)
Maintain hold with a target price
of RM5.72: Sime Darby Plantation
Bhd’s near-term upside will likely
be capped by uncertainties over the
European Union’s potential move to
ban palm-based biofuels by 2021 and
its pricey valuations. However, we re-
main positive on its longer-term pros-
pects, underpinned by its accelerated
replanting efforts (which will translate
into a higher oil yield over the longer
term) and efforts to improve profit-
ability of the downstream division.
Accelerated replanting started
paying off, witnessed by a profit be-
fore interest and tax (PBIT) contri-
bution of RM48 million in finan-
cial year 2017 (FY17). To achieve its
“mission 25:25” (an average age of
10 years, with fresh fruit bunch [FFB]
yield of 25 tonnes per hectare and an
oil extraction rate of 25%) by 2025,
Sime Darby Plantation is embark-
ing on accelerated replanting (with
a replanting rate of 5% to 7%) with
high-yielding planting materials.
Sime Darby Plantation is also
working towards lower production
cost, via further mechanisation, which
will in turn lower labour and overhead
costs, and increase palm productivity.
Sime Darby Plantation has plans
to further increase its PBIT margin
and PBIT contribution from the
downstream division (to 20% by
FY25 from 5.2% in FY17), and such
a target would be achieved by: Shift-
ing into high-margin specialty prod-
ucts (which carry superior margins
relative to other generic products);
deriving full value from certified
sustainable palm oil through col-
laboration with smallholders; and
working towards fully segregated
and traceable refineries.
Risks: Lower-than-expected FFB
production; a sharp decline in pric-
Pioneer tax status to benefit CB Industrial more from end-FY18
CB Industrial Product Holding Bhd
(Feb 20, RM1.70)
Maintain buy with a target price
(TP) RM2: CB Industrial Product
Holding Bhd (CBIP) is confident of
last year’s backlog of oil mill con-
tracts coming through in 2018, and
targets doubling up its new oil mill
order book this year. In addition, the
benefit from its pioneer tax status
(70% tax rebate for its oil mill engi-
neering revenue) should be more
significant from end-financial year
2018 (FY18). These positives should
more than offset the impact of the
weakening US dollar and higher
steel prices. We maintain our “buy”
call due to its 12% three-year earn-
ings compound annual growth rate
(CAGR) and 5% to 6% prospective
Sime Darby Plantation Bhd
FYE JUNE (RM MIL) 2017A
Revenue 14,779
Operating profit 4,538
PBIT 4,455
PBT 4,031
Rpt. net profit 3,507
Core net profit 1,113
Rpt EPS (sen) 51.6
Core EPS (sen) 16.4
PER (x) 33.8
BVPS (RM) 1.8
P/B (x) 3.0
DPS (sen) 0.0
Dividend yield (%) nm
Net gearing (x) 0.56
Source: HLIB Research
es of edible oils (including palm oil);
acute labour shortage; imposition of
import tariffs/duties by major palm
oil consuming countries; and volatile
raw material prices, which will in turn
hurt profitability of the downstream
segment.
Our forecasts are maintained for
now, pending release of the second
half of FY18 results tomorrow.
While we like Sime Darby Planta-
tion for its established market pres-
ence and track record in the oil palm
plantation industry, sound manage-
ment team, and low enterprise value/
hectare (relative to its large-cap peers),
we believe the near-term upside is
capped by higher price-earnings ra-
tio (PER) valuations (FY18 to FY20
PER of 25 to 29 times, higher than
its large-cap peers of 22 to 24 times).
We value the upstream plantation
business at 28 times FY19 earnings
and the downstream plantation busi-
ness at two times price-to-book ra-
tio. — Hong Leong Investment Bank
Research, Feb 20
net dividend yield. We fine-tune our
TP to RM2 (from RM2.20, a 20% up-
side) post earnings revisions.
There will be a backlog of con-
tracts to come through in 2018, after
a year of slow contract wins in 2017.
In 2018, CBIP targets achieving a
new contract flow of RM450 mil-
lion to RM550 million (double that
of 2017’s estimated RM250 million).
As at nine months of FY17, its order
book stood at RM424 million (first
half of FY17: RM436 million). We
assume more conservative oil mill
orders of RM350 million to RM400
million for FY18 to FY19.
Its pioneer tax status will benefit
earnings from end-FY18. While its
zero-discharge plant is still undergo-
ing testing and may not be commer-
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
Associate earnings seen improving
for Bermaz Auto from 2HFY18
Bermaz Auto Bhd
(Feb 20, RM2.18)
Maintain buy with a target price
of RM2.70: Pricing of the new CX5
has been raised by RM1,000 across
the board from January 2018. We
estimate this will impact annu-
al earnings by 2% based on our
conservative financial year 2019
(FY19) CX5 volume of 6,000 units.
This is likely to trickle through
meaningfully from the fourth
quarter of FY18 (4QFY18).
Despite the price hike, Maz-
2018E 2019F 2020F da’s January 2018 total industry
16,319 15,651 15,883 volume (TIV) could test historical
2,034 2,199 2,359
high levels of 1,300 to 1,400 units
1,984 2,149 2,309
as orders resume moving into the
new year and given strong de-
1,984 2,149 2,309 mand for the new CX5. We esti-
1,274 1,389 1,500 mate that BAuto’s 3QFY18 TIV at
1,274 1,389 1,500 3,000 units, up 19% sequentially
18.7 20.4 22.1 and a whopping 37% year-on-
year. Outstanding bookings of the
18.7 20.4 22.1
29.6 27.1 25.1
new CX5 currently stand at more
2.1 2.1 2.2
than 900 units. More important-
ly, the strong TIV will come with
2.7 2.6 2.5 improved margins given the price
13.0 14.0 15.0 hike for the CX5 in January 2018
2.3 2.5 2.7 and minimal discounting. Half
0.54 0.48 0.43 of the new CX5 sales are for spe-
cial colours, which are priced at
a RM2,000 premium.
Associate earnings comprising
30%-owned Mazda Malaysia Sdn
Bhd (MMSB) and 29%-owned
Inokom have been dismal in
the past two quarters given low
production and run-out of the
old CX5. According to manage-
ment, BAuto’s first half of FY18
(1HFY18) associate earnings only
reflect July 2017 to September
2017 contributions prior to the
new CX5 launch in November
Bermaz Auto Bhd
FYE APRIL (RM MIL) 2016
Revenue 2,112
Ebit 262
Pre-tax profit 279
Core net profit 202
FD EPS (sen) 17.5
EPS growth (%) (7.8)
Sime Darby Plantation has an PER (x) 12.6
established market presence and
Net dividend (sen) 16.9
track record in the oil palm plantation
industry. Mohd Suhaimi Yusuf
Net dividend yield (%) 7.7
Sources: Company, MIDF Research
cialised yet, CBIP is able to benefit every 10 sen change in the US dollar/
from the pioneer tax status already. ringgit rate would affect its net profit
Recall that its five-year pioneer tax by 1% to 2% per annum. Steel prices
status took effect in November 2017 have also been on the rise (+10% year
and would last five years, giving the to date), which is also negative for
company a 70% discount on taxes the company. However, as it locks in
for its oil mill engineering business. steel costs upon clinching and pric-
However, it would not be able to ben- ing a project, any rise in steel prices
efit fully from this tax incentive until would mostly be passed through to
FY19, as there would be a need to its customers.
complete the existing contracts (that CBIP is tendering for a few large
are being built currently) first. We projects for its retrofitting division,
have adjusted our tax rate assump- which would last it for the next two
tions for FY19 to FY20 accordingly. to three years. Its order book was at
On the margin front, CBIP would RM254 million as at end-September
be negatively affected by the depre- 2017, with management hoping to
ciation of the US dollar, given that secure an additional RM500 million
about 50% to 60% of its revenue is in worth of contracts in 2018 involving fire
that currency, while costs are most- trucks, helicopters and other vehicles.
ly in ringgit terms. We estimate that We reduce our FY17 to FY18 earn-
2017. We expect this to improve
from 2HFY18 driven by the launch
of the new CX5 and commence-
ment of exports of the same mod-
el to Thailand, Indonesia and the
Philippines. We gather that the
CX5 export rate to Thailand is
now 1,000 units per month (ver-
sus negligible amounts through-
out 1HFY18), while production
for Malaysia is at 900 per month.
At this rate, we estimate total
MMSB production could rise to
23,000 per annum from 9,500 to
10,000 in FY16 to FY17.
BAuto’s 1HFY18
associate earnings
only reflect July 2017
to September 2017
contributions prior to
the new CX5 launch in
November 2017.
Given a combination of the
following factors — a 19% quar-
ter-on-quarter (q-o-q) increase
in Mazda TIV; associates’ return
to profits; absence of CX5 run-
out estimated to have impacted
2QFY18 by RM5 million to RM6
million; 25% of 2QFY18 profit;
the price hike for the new CX5
from January 2018; and a weak-
er yen — we estimate 3QFY18
earnings to rise by more than 50%
q-o-q, underpinning our view of
an earnings gap-up from 2HFY18.
— MIDF Research, Feb 20
2017 2018F 2019F 2020F
1,660 2,080 2,306 2,354
162 171 291 306
177 188 320 335
119 129 226 236
10.3 11.2 19.5 20.4
(41.1) 8.5 74.7 4.5
21.4 19.7 11.3 10.8
11.7 8.9 15.6 16.3
5.3 4.1 7.1 7.4
ings forecasts by 2% to 10% to take
into account our revised in-house
US dollar/ringgit assumptions, as
well as higher steel prices. However,
we raise our FY19 earnings forecast
by 14% to allow for the pioneer tax
status impact. We lower our TP to
RM2 post earnings revision. Our
sum-of-parts valuation attributes
a target price-earnings ratio of 10
times for FY18 for the engineering
division and eight times for the plan-
tation division. Valuations remain
attractive for this stock, enhanced
by its three-year earnings CAGR
at 12% and a dividend yield of 5%
to 6% per annum. Key risks to our
forecasts are a weakening US dollar
and increasing steel prices. — RHB
Research, Feb 20
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
‘Visit Malaysia
Year 2020 a
national mission’
It will become catalyst, major driver of tourism — DPM
PUTRAJAYA: Visit Malaysia Year 2020
(VMY2020) is a national mission that
will become a catalyst and a major
driver of the country’s tourism in-
dustry, Deputy Prime Minister Datuk
Seri Dr Ahmad Zahid Hamidi said.
He said VMY2020, themed “Trav-
el.Enjoy.Respect”, is also a key aspect
of the Malaysia Tourism Transfor-
mation Plan, which aims to ensure
that Malaysia remains competitive
in the industry.
Ahmad Zahid, who is also the
home minister, said the VMY2020
secretariat was set up under Tour-
ism Malaysia to coordinate and im-
plement all programmes and ac-
tivities related to the Visit Malaysia
campaign.
“All the ministries and agencies
and departments involved are ready
Researchers cleaning the two cannons unearthed at Fort Cornwallis. Photo by Bernama
Two historical cannons found at Fort Cornwallis
GEORGE TOWN: Two historical
cannons were discovered during an
excavation of the moat and outer
defensive structures of Fort Corn-
wallis here on Monday.
Universiti Sains Malaysia’s (USM)
Global Archaeological Research
Centre director Professor Datuk Dr
Mokhtar Saidin said the two cannons,
2.35m and 2.2m in length, were un-
earthed adjacent to the Esplanade on
the western side of the fort.
“After the Penang Chief Minis-
ter Lim Guan Eng’s visit in August
to give full commitment to realise
the VMY2020 campaign,” he said
in a statement issued after chairing
the first tourism cabinet committee
meeting this year.
The meeting was also attended
by Tourism and Culture Minister
Datuk Seri Mohamed Nazri Abdul
Aziz to coordinate all ministries and
agencies for the development of the
national tourism industry.
Prime Minister Datuk Seri Najib
Razak had announced 2020 as the
Visit Malaysia Year, when tabling
Budget 2018, where the country will
host several international confer-
ences, including the Asia Pacific
Economic Cooperation Meeting.
Ahmad Zahid said the tourism
industry was one of the major con-
tributors to the national services
last year, we continued to relook
at all the structures already in the
historical map. We wanted to look
for the main entrance here (Fort
Cornwallis) but we found the two
cannons. On both cannons, we
found the symbol GR (King George
III’s insignia),” he told a press con-
ference here yesterday.
He said the cannons would
be sent to USM for conservation
work and further analyses soon,
adding that the finding would
change the early interpretation
sector, with a gross domestic product
contribution of 14.8% or RM182.4
billion.
He said in the National Key Eco-
nomic Areas, the tourism industry
had become the third largest contrib-
utor with a contribution of RM73.3
billion to gross national income.
“The tourism industry manpow-
er use has also registered the high-
est record of 3.2 million people or
22.7% of total employment in 2016,”
he said.
Malaysia has received numer-
ous worldwide recognitions over
the past year, including offering the
world’s best healthcare, the world’s
best destination in terms of Islamic
tourism and ranked the sixth best in
the world to spend one’s retirement.
— Bernama
of Fort Cornwallis itself.
Guan Eng, also at the press con-
ference, said the area would be pro-
tected to allow the work to continue
and security would also be set up
there to prevent the cannons from
being stolen.
The excavation was endorsed by
Jabatan Warisan Negara as part of
an effort to reinstate the historical
moat and other defensive outworks
surrounding the 232-year-old mon-
ument. The moat was filled in 1922.
— Bernama
Mukhriz loses
appeal on bid to cite
PM for contempt
PUTRAJAYA: Former Kedah menteri
besar Datuk Seri Mukhriz Mahathir
has lost the appeal on his ex-parte
bid for leave to initiate contempt
proceedings against Prime Minister
Datuk Seri Najib Razak.
A three-man bench of the Court
of Appeal, chaired by Justice Datuk
Tengku Maimun Tuan Mat, said the
court agreed with the High Court
judge that Mukhriz had not made
out a prima facie case of contempt
against Najib.
She said the court also found
that there was no error made by
High Court judge Datuk Ahmad
Zaidi Ibrahim in deciding for the
ex-parte matter to be heard on an
“opposed ex-parte” basis.
In legal proceedings, an ex-par-
te application is heard by the court
only in the presence of one party. If
the opposing respondent was no-
tified, the hearing of the case may
then proceed on an opposed ex-par-
te basis, in that the court would hear
submissions from both parties.
“Whilst Order 52 Rule 3(2) of
the Rules of Court 2012 stipulates
that an application for leave must
be made ex-parte, the court retains
Graphic artist jailed one month, fined
RM30,000 for PM caricature
IPOH: A graphic designer was sen-
tenced to a month’s jail and fined
RM30,000 by the Sessions Court here
yesterday for uploading an offensive
image of the prime minister on his
Facebook account two years ago.
Judge Norashima Khalid hand-
ed down the sentence on Mohd
Fahmi Reza Mohd Zarin, 40, after
finding that the defence had failed
to raise reasonable doubts against
the prosecution’s case.
However, the court allowed a
stay of the sentence pending an
appeal in the High Court and al-
lowed Mohd Fahmi Reza bail of
RM10,000 in one surety.
Chess official’s suit against Ampang
MP set for July 23 hearing
KUALA LUMPUR: The High Court
has fixed four days beginning July
23 to hear the suit filed by Malaysian
Chess Federation assistant secretary
Sophian A Yusuf against Ampang
member of parliament (MP) Zu-
raida Kamarudin.
Sophian filed the suit in connec-
tion with Zuraida’s alleged defam-
atory remarks over the dropping
of a 12-year-old girl from a chess
tournament last year because she
wore a short skirt.
Judicial Commissioner Rohani
Ismail set the date in chambers in
the presence of lawyers Mohd Haris
Abdullah, who represented Sophi-
an, and Shahid Adli Kamarudin, for
Zuraida. Shahid said the court also
set April 13 for case management.
Sophian, 44, filed the suit on Nov
H O M E 13
its discretion to hear the matter as
an opposed ex-parte,” said Tengku
Maimun, who presided with Datuk
Abdul Rahman Sebli and Datuk
Hasnah Mohammed Hashim. She
said the High Court judge could not
be faulted for directing the matter be
heard on an opposed ex-parte basis.
Tengku Maimun ordered Mukhriz
to pay RM10,000 in costs.
On July 27 last year, the Kua-
la Lumpur High Court dismissed
Mukhriz’s ex-parte application for
leave to initiate contempt proceed-
ings against Najib. Parti Pribumi Ber-
satu Malaysia (PPBM) deputy presi-
dent and Ayer Hitam assemblyman
Mukhriz filed the application alleg-
ing the prime minister had issued a
statement through his blog relating
to a defamation lawsuit which he
(Mukhriz) filed against Najib’s po-
litical secretary Tengku Datuk Seri
Sarifuddin Tengku Ahmad.
Outside the court, Mukhriz’s law-
yer, Mohamed Haniff Khatri Ab-
dulla, told reporters that he would
notifiy his client about the court’s
decision and most likely would file
the application for leave to appeal
to the Federal Court. — Bernama
Mohd Fahmi Reza was charged
with improper use of network facil-
ities by creating an offensive item
with the intention to annoy other
people through his Facebook ac-
count on Feb 8, 2016.
The posting was allegedly read
at an address in Ipoh at 2.40pm
the same day.
The charge under Section 233(1)
(a) of the Communications and
Multimedia Act 1998 (Act 588),
punishable under Section 233(3) of
the same Act, carries a maximum
fine of RM50,000, or jail of up to
a year, or both, on conviction. —
Bernama
20 last year over Zuraida’s remarks
on his decision to make the girl with-
draw from a chess tournament held
in Putrajaya between April 14 and
April 16 last year.
In the statement of claim, So-
phian, who was the tournament
director for the National Scholastic
Chess Championship, stated Zurai-
da’s remarks were published in the
newspapers and on several por-
tals, including MalaysiaKini and
Sin Chew Daily, that it was intend-
ed to embarrass him, as well as to
tarnish his reputation and integri-
ty in local and international chess
tournaments.
He claimed that the remarks
made by Zuraida meant that he was
a paedophile and had the tendency
to commit sexual abuse. — Bernama
14 C O M M E N T
Let the UK vote again on Brexit
Voters should get a chance to change their minds
BY ED I TO RI A L B OA RD
A
lmost two years af-
ter the UK voted to
quit the European
Union (EU), and
barely more than a
year before the ac-
tual exit is scheduled to happen,
an all but leaderless Britain is fum-
bling its way to disaster. The coun-
try needs to find a way to change
course. There should be a second
referendum as soon as possible.
It was a huge error to call the first
referendum, not least because the
choice put before the country was
so unclear. Nobody bothered to say
what Brexit would actually mean.
Acting on a mixture of no informa-
tion and outright misinformation, a
narrow majority of voters nonetheless
chose to leave the EU. Nullifying that
choice, misguided as it was, requires
another popular vote — this time,
informed by what has been learned.
After two years of thinking about
it, Prime Minister Theresa May’s
government is still split over what
it wants — and an upcoming series
of speeches intended to lay out its
vision is unlikely to help. Negotiating
a tolerably successful Brexit might
have been impossible in any case,
but the protracted failure to set goals
and develop a strategy for advancing
them is making the worst possible
Brexit ever more likely.
If Britain leaves the EU in March
2019 without even any transitional
arrangements, its trade in goods and
services — not just with the EU but
with much of the rest of the world —
will collapse into chaos. Disentan-
gling the UK from its partnership
Yes to affordable housing in my backyard
BY JAN MISCHKE
FROM London to Lagos, “affordable
housing” has become an oxymoron.
In most cities, rents and home prices
have increased faster than incomes,
and in urban areas with robust job
markets, housing stocks have failed
to keep pace with demand. Some
330 million urban households either
live in substandard housing, or pay
more for their housing than they
can afford. If current trends are not
reversed, that number could grow
to 440 million by 2025.
Without affordable housing,
people suffer and economies stag-
nate. California’s housing shortage
illustrates the problem. From 2009
to 2014, the state grew by 544,000
households but added only 467,000
homes. Today, amid a total housing
shortfall of two million units, half of
the state’s residents cannot afford
to buy homes in their local market.
City governments are aware of
the problem, and many are attempt-
with Europe is proving to be vastly
more complex and difficult than
Brexit supporters believed. And as
the enormous short-term costs of
an abrupt divorce come more clearly
into view, the long-term goals that
were supposed to justify them are
ever more obscure.
Consider one small but espe-
cially sensitive part of the overall
negotiation: the Irish dilemma. May
has promised not to impose a hard
ing to intervene. Unfortunately,
many policies focus on demand and
financing, rather than supply. Sub-
sidies, low-interest loans, and rent
control may bring relief to house-
holds struggling with affordability,
but these measures will not solve the
housing shortage. The only way to
do that is to address two key chal-
lenges that have conspired to halt
home building in many urban areas.
The first challenge is location;
finding affordable land is one of the
biggest constraints on housing de-
velopment virtually everywhere. In
cities like Rio de Janeiro, land costs
can account for more than 40% of a
home’s price; in extremely expen-
sive markets, like San Francisco, it
can be double that.
Mapping software and inventory
reviews can help planning officials
find cheaper solutions. In some
cases, land can be provided more
cost-effectively through smart zon-
ing. Seoul, for example, allows resi-
dential buildings near transit stops
to have a larger “floor area ratio,” a
regulatory mechanism that encour-
ages density. Similar approaches
border between Ireland, which will
remain in the EU, and Northern Ire-
land, which is part of the UK. What
she has not said is how such a border,
which could unsettle the peace the
island has enjoyed for two decades,
can be avoided. Last week, Foreign
Minister Boris Johnson gave the first
of those speeches intended to clarify
Britain’s position on life after Brexit
— and failed to so much as mention
Northern Ireland.
could be used elsewhere.
City planners should also pro-
mote better use of existing density
rules. A 2016 analysis of Los Ange-
les’ housing stock by the McKinsey
Global Institute found that 28%
of parcels zoned for multifamily
development were underutilised.
Maximising this development po-
tential could add more than 300,000
units to the city’s housing inventory.
Additionally, authorities can do
more to encourage the use of vacant
plots. Around the world, a surprising
amount of urban land, including city-
owned property, is undeveloped, and
taxing idle or underused land could
stimulate construction. Cities might
also consider changing residential
zoning laws to encourage owners of
single-family homes to add accesso-
ry units, such as garage apartments
and backyard cottages.
Once a city has identified suitable
areas for construction, the second
challenge is containing the political
fallout that often accompanies new
development. Proposals to increase
housing density are frequently met
by opposition from current residents,
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
BLOOMBERG
To be sure, it is unlikely that May
could reverse herself, propose a
second referendum, and survive
as leader of the Conservative Party.
With so much at stake, she should
recognise that this is a minor con-
sideration. The Labour opposi-
tion, itself divided over Brexit, has
also said the first vote must stand.
That position also has to change.
Remember, Remain supporters
in both parties constitute a com-
whose fears range from adverse im-
pact on services to downward pres-
sure on existing home values (or
upward pressure and gentrification).
To address these concerns, many
cities hold public hearings or put
projects to a vote. Often, however,
the voices of those who want to
preserve the status quo are louder
than those who fear being priced
out. As a result, very little afforda-
ble housing is built.
The urban planning process
needs to take into account the
concerns of all stakeholders — in-
cluding newcomers, young adults,
low-income service workers, rent-
ers, and homeowners. Digital sur-
veys and analytical tools can make
the process more inclusive by re-
ducing the influence of narrow but
entrenched interest groups. And,
because housing availability affects
companies’ ability to attract talent,
employers near proposed housing
sites must also be engaged.
While critics’ concerns should be
taken seriously, governments must
insulate their approval processes
from manipulation. In some cities,
fortable majority in parliament —
even as they insist that the previous
referendum must be honoured.
On this surpassingly important
issue, they need to come togeth-
er across party lines and press for
another vote.
Can it be taken for granted that a
second referendum would in fact re-
verse the country’s choice? Of course
not. Opinion is wobbling but has
not shifted decisively: The coun-
try remains split down the middle.
But this is less surprising when you
recall that so few of the country’s
politicians are calling on Britain to
reconsider. Again, they should do
their jobs — and stand up for what
they believe to be their voters’ best
interests.
One more thing might be needed
to make the difference: the involve-
ment of the EU. Up to now, it has
emphasised the difficulties Britain
is bringing upon itself and made
it clear that Europe is not going to
help Brexit sting less. That is fine —
but it ought now to join the debate
in a more positive way, calling on
Britain to change its mind. It should
say, among other things, that if Brit-
ain acts promptly, the EU would
make reversing the Brexit decision
as straightforward as possible.
Extracting Britain from this mess
of its own making will not be easy.
A second referendum would cer-
tainly arouse furious protests, and
quite possibly a political crisis, new
elections, and all the dangers and
uncertainties that go with that. Yet
the alternative — the chaotic Brexit
toward which a rudderless Britain
is now heading — would be worse.
— Bloomberg
repeated lawsuits and requests for
further study delay projects for years
and add millions of dollars to devel-
opment costs. One way to address
this issue would be to adhere to “use
by right” regulations, whereby pro-
jects that follow city zoning and land-
use codes receive minimal review.
Moreover, implementation of
blanket environmental reviews
could ease approvals for future
developers. Governments could
also create appeal boards with the
power to accelerate rulings on re-
jected projects.
City governments can win support
for new housing by convincing con-
stituents that population growth fuels
economic growth. The alternative —
allowing serious housing shortages
to go unaddressed — will make it
impossible for future generations to
put down roots. By managing density
carefully, authorities can overcome
opposition and get their cities build-
ing again. — Project Syndicate
Jan Mischke is a partner at the McK-
insey Global Institute.
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
Foxconn
manufacturing
a higher value in
China, plans a
subsidiary spin-off
BY RO BY N MA K
HONG KONG: Foxconn is aim-
ing to manufacture something
different in a new location. The
Taiwanese assembler of Ap-
ple’s iPhones plans to spin off
a subsidiary in Shanghai. Fresh
funds will help it push into new
technologies. Given the nature
of stock trading in China, it also
could be retooling its valuation.
As demand for smartphones
slows, its boss Terry Gou is eye-
ing new areas of growth for his
US$52 billion (RM202.8 billion)
contract builder of electronics.
Essential to the idea, which he
has dubbed “8K+5G” — refer-
ring to next-generation display
and wireless protocols respec-
tively — is Foxconn Industrial
Internet. The Shenzhen-based
subsidiary makes telecommu-
nications network equipment,
cloud computing components
and industrial robots for titans,
from China’s Huawei to Amazon.
Gou is now enlisting main-
land China investors to help him
move up the supply chain. De-
tails of the initial public offering
on the Shanghai Stock Exchange
haven’t been disclosed, but ear-
ly documents show the division
intends to use proceeds to fund
over US$4 billion of projects
in the People’s Republic, from
developing remote servers to
smart-manufacturing systems
and data centres. Access to Chi-
nese capital markets could help
Gou achieve a long-held ambi-
tion of becoming a service pro-
vider and not just a manufacturer.
The spin-off also could be sig-
nificant for the Taiwan-listed par-
ent, formally known as Hon Hai
Precision Industry. Companies
that list on the Shanghai Stock
Exchange typically price their
shares based on an unofficial
rule of thumb of 23 times earn-
ings over the previous 12 months.
Based on the Foxconn unit’s 2017
net profit, it could be valued at
373 billion yuan (RM230.26 bil-
lion), or nearly US$59 billion.
That would surpass the parent
company’s US$52 billion market
capitalisation.
Foxconn shareholders will
have less of a claim on a fast-grow-
ing business. Analysts reckon Fox-
conn Industrial Internet accounts
for over half the bottom line. As
a result of the spin-off, net profit
attributable to the parent would
fall and shrink earnings per share
as much as 15%, Fubon Securi-
ties’ Arthur Liao estimated. Over
the long term, though, Foxconn
should benefit from richer val-
uations in China. The Taiwan-
ese group’s shares trade at just
11 times historical earnings, far
below the mainland’s benchmark
CSI 300 index multiple of 25 times.
A blockbuster flotation across the
strait would be an impressive feat
of engineering. — Reuters
Singapore says it is
open for business
This is despite rising taxes and restrictions on foreign workers
BY MICHELLE JAMRISKO
& HASLINDA AM IN
SINGAPORE: Singapore remains a
competitive destination for busi-
nesses even though it’s raising taxes
and maintaining some restrictions
on foreign workers, Minister for
Trade and Industry S Iswaran said.
“When taking into account the
whole scheme of taxes, including
corporate tax [and] personal tax
regimes, I think Singapore still re-
mains a competitive destination
in relative terms,” Iswaran said in
HSBC annual profit disappoints,
plans up to US$7b capital raising
BY SUM EET CHATTER JE E
& LAW RENCE W HITE
HONG KONG/LONDON: HSBC
Holdings plc reported a jump in
annual pre-tax profit that missed
expectations and unveiled a plan
to raise up to US$7 billion (RM27.3
billion) over four months to bolster
its capital base, as the bank prepares
for growth under a new leadership.
Europe’s biggest lender by mar-
ket capitalisation has undergone a
painful restructuring under its chief
executive officer Stuart Gulliver,
where the bank cut thousands of
jobs, shut branches and exit mar-
kets. The restructuring, coupled
with a beneficial market environ-
ment, is now paying off for HSBC.
Gulliver stepped down yesterday
after more than seven years at the
helm and will be replaced by com-
pany veteran John Flint.
HSBC reported yesterday a prof-
it before tax of US$17.2 billion for
2017, compared with US$7.1 billion
for the year before but below the
‘GM plans to produce two new models in South Korea’
SEOUL: General Motors Co (GM)
plans to produce two new models
in South Korea, a local lawmaker
quoted GM executive Barry Engle
as saying at a meeting with South
Korean members of parliament.
GM International president En-
gle did not elaborate on wheth-
er GM’s plan for the two new car
models are dependent on govern-
ment support for the automaker,
said politician Kim Sung-tae who
attended the meeting.
South Korea’s finance minis-
ter said yesterday the government
would hold talks with GM over its
four plants’ future after the com-
pany announced the closure of
an interview yesterday. “We never
compete on the basis of tax or cost
alone” but on value, he said.
Singapore’s budget announced on
Monday focuses on future tax hikes to
help boost revenue that has become
more dependent in recent years on
reserves to finance spending.
With an ageing population
looming, the government is pre-
paring to spend more on health-
care and pensions, while allocating
extra money for infrastructure and
security. The lesson from the budget
is the “Singaporean approach” of
A filepic of a HSBC branch in central London. HSBC Holdings is preparing for growth
under a new leadership. Photo by Reuters
US$19.7 billion average estimate of
17 analysts polled by Thomson Reu-
ters. The lender said it is planning
additional tier-one capital issuance
of between US$5 billion and US$7
billion during the first half of 2018,
and that it would undertake share
buy-backs “as and when appropri-
ate”. HSBC also said it could face
penalties exceeding US$1.5 billion
stemming from multiple investi-
one and left the other three in the
balance.
GM has offered to convert debt
of around US$2.2 billion (RM8.58
billion) owed by its ailing South
Korean operation into equity in
exchange for financial support and
tax benefits from Seoul, four sourc-
es with direct knowledge of the
matter said.
The debt for equity swap would
allow GM’s business in South Korea
to continue operating. It is not im-
mediately clear how the deal would
affect the interest of the state-run
Korea Development Bank, which
owns 17% of GM Korea.
GM’s decision is the latest in a
W O R L D B U S I N E S S 15
balancing the financial burden over
time, Iswaran said.
The tax announcements include
an increase in the goods-and-ser-
vices levy, property duties and a
carbon tax. While businesses must
still contend with a levy on foreign
workers in some industries, those
were left unchanged in the budget.
However, businesses saw some
wins in the budget, including an
extension of the corporate income
tax rebate and more support for re-
search and development projects.
— Bloomberg
gations into claims that its Swiss
private bank unit helped clients
evade paying taxes. Authorities in
the US, Belgium, Argentina, India,
Spain and elsewhere are probing al-
legations of tax evasion or tax fraud,
money laundering and unlawful
cross-border banking solicitation
at the Swiss private bank, HSBC
disclosed in its annual report yes-
terday. — Reuters
series of steps it has made to put
profitability and innovation ahead
of sales and volume.
It is not immediately clear how
much fresh capital GM has de-
manded from the South Korean
government to keep operating its
Korean business, employing nearly
16,000 people.
However, one of the sources said
GM had asked Seoul to provide fi-
nancial support worth over US$1
billion, while several sources said
GM wanted its South Korea factory
sites designated as special foreign
investment zones that would make
the company eligible for tax breaks
for seven years. — Reuters
IN BRIEF
Central American nations
to sign trade deal with
South Korea
SAN SALVADOR (El Salvador):
Five Central American nations
are to sign a free trade deal with
South Korea today after more
than two years of talks to ease
tariffs and barriers on a range
of products, El Salvador’s gov-
ernment announced. Costa
Rica, El Salvador, Honduras,
Nicaragua and Panama will
seal the pact with the Asian
country, sending their econ-
omy ministers to the signing
ceremony. Talks on the pact
covered 21 chapters addressing
market access, rules of origin,
trade facilitation, health and
phytosanitary measures, trade
defence, investment and tech-
nical obstacles to trade. — AFP
Mitsubishi Corp considers
raising stake in Mitsubi-
shi Motors in tender offer
BENGALURU/TOKYO: Trad-
ing house Mitsubishi Corp
said yesterday it is consid-
ering raising its stake in Mit-
subishi Motors via a tender
offer. The Nikkei newspaper
reported the deal could be
worth about US$1.1 billion
(RM4.29 billion). Mitsubishi
Corp said in a statement it is
considering buying shares in
the carmaker held by Mitsub-
ishi Heavy Industries Ltd and
Bank of Tokyo-Mitsubishi UFJ,
a core unit of Mitsubishi UFJ
Financial Group Inc, although
no decision had been made.
Mitsubishi Corp held a 9.2%
interest in Mitsubishi Motors
as of last September. — Reuters
Samsung Electronics
to slash Oled panel
production — Nikkei
TOKYO: Samsung Electron-
ics Co will slash its organic
light-emitting diode (Oled) pan-
el output due to its customer
Apple Inc’s decision to cut pro-
duction of iPhone X amid weak
demand, the Nikkei reported
yesterday. Samsung Display,
the panel-making unit of Sam-
sung Electronics, now plans to
make Oled panels for 20 mil-
lion or fewer iPhones at the
South Chungcheong plant in
the January to March quarter,
significantly lower than its initial
goal of supplying panels for 45
million to 50 million iPhones,
the Nikkei reported. — Reuters
India’s IT firms expect con-
tinued growth amid shift to
new technology
BANGALORE: India’s soft-
ware services industry ex-
pects growth of as much as
9% in fiscal 2019 as Tata Con-
sultancy Services Ltd and its
peers strengthen automation
and adapt to the rapid onset
of digital technologies. Sales
will rise 7% to 9% in constant
currency terms in the fiscal year
ending March 2019, the Na-
tional Association of Software
and Services Companies said
yesterday. In the current finan-
cial year, the industry’s revenue
will rise 7.8% to US$167 billion
(RM651.3 billion). — Bloomberg
16 FO CU S
Stability the key for CMT
This is as equities and bonds swoon and interest rates rise
BY G O O LA WA RD EN
M
uch has been
written about the
future of retail,
including digi-
talisation and the
challenges brick-
and-mortar malls face. Managers of
retail real estate investment trusts
have to juggle several balls such as
tenant mix, tenant sales, shopper
traffic and operating costs at the
same time. The biggest challenge
appears to be keeping malls relevant
in the age of digital disruption. And,
at the end of every six months, the
REIT has to announce a distribution
per unit (DPU) that has to be stable.
At the end of every year, investors
scrutinise its balance sheet for de-
clines or increases in the valuation
of the portfolio.
REIT investors buy these instru-
ments largely for the yield. But as
with all investors, capital preser-
vation — at the very least — should CMT has a 30% stake in Westgate, whose valuation fell S$29.7 million, or 9.3%, to S$289.5 million last year
be paramount. No point getting a
yield while the capital value of your
investment falls.
Shopping malls are valued based
on their rental outlook, which in
turn depends on occupancy rates,
rental reversions, tenant sales and
so on. For CapitaLand Mall Trust, Hong Kong
which owns 14 malls and mean-
ingful stakes in a further two, its Singapore
30% interest in Westgate posed a Sydney
problem last year. The property’s Tokyo
valuation fell S$29.7 million, or 9.3%, EUROPE
to S$289.5 million. This is despite
a compression in its capitalisation Berlin
rate of 5.2% to just 4.75%. If not for
that, its valuation would have fall-
en further.
For FY17, the value of CMT’s Paris
portfolio rose 3.9% to S$8,671 mil- AMERICAS
lion. Total assets stood at S$10.5 Chicago
billion and net asset value per unit
was S$1.92, up 3.2% y-o-y.
Cap-rate compression cycle
continues
CMT could have experienced nega-
tive revaluations if the cap-rate com-
pression did not happen. “Valuers
were looking at lower rental growth
and marked [rental growth] down be-
cause competition in that sub-mar-
ket is keen,” says Tony Tan, CEO of
CMT’s manager, referring to West-
gate. Rents are likely to experience
low-single-digit growth, he adds.
Bedok Mall — which CMT ac-
quired in 2015 for S$780 million —
is also facing challenges. Its valua-
tion has barely budged and stood
at S$781 million (RM2.31 billion) as
at Dec 31, despite a cap-rate com-
pression to 4.75% from 5.2% a year
ago. At the time, its net property in-
come (NPI) yield stood at 5.1%. As at
Dec 31, Bedok Mall’s NPI yield was
5.03%, based on its NPI of S$39.3
million, which was down almost
8% y-o-y.
“Bedok Mall’s valuation also re-
flected lower reversion, but its [rent-
al] growth rate is about the same
y-o-y [as 2016’s],” Tan says. He ac-
knowledged that of the two, the out-
look is more negative for Westgate.
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
CMT
Eye on keeping A2 rating
CMT’s issuer rating is A2, the high-
est among the Singapore REITs. Tan
says this is important because it en-
ables CMT to obtain lower funding
costs and term out its debt through
long-dated notes and bonds. Its av-
erage term to maturity is 4.9 years,
the longest for a Singapore REIT.
Because of its long-dated debt, its
cost of debt is higher than those of
its peers such as Frasers Centrepoint
Trust and SPH REIT, the two pure-
play retail REITs.
“You can’t measure our cost of
debt of 3.2% against our peers. Their
cost of debt and term to maturi-
ty are lower. If you want to have a
manageable maturity tower, you
will need to renew S$500 million
to S$600 million on an annual ba-
sis. Your average term to maturity
will run into six to seven years,” Tan
explains. CMT’s gearing is 34.2%.
Its A2 rating also provides a nat-
ural gearing limit for CMT. “If we hit
40% gearing, [rating agencies] will be
nervous about our A2 rating. Now,
we’re at 34% and one or two notches
A look at global cap rates below 40% is where the sweet spot
is. We need to have a buffer just in
OFFICE RETAIL INDUSTRIAL
LOW (%) HIGH (%) Q-O-Q LOW (%) HIGH (%) Q-O-Q LOW (%) HIGH (%) Q-O-Q
case valuation suffers,” Tan says.
ASIA-PACIFIC Demand and supply
2.50 3.75  2.50 3.50  3.50 4.50  Managers of retail REITs are read-
Shanghai 3.50 4.50  4.00 6.00  5.75 6.75  ying for a spike in supply this year
3.50 4.00  4.50 5.00  6.00 6.50  and next. Northpoint City and Paya
4.75 5.25  4.25 5.50  5.25 6.50  Lebar Quarter have opened and
3.50 4.50  4.00 5.00  4.00 5.50  Changi Jewel is likely to open ei-
ther at year-end or early next year.
Meanwhile, the absorption rate is
  
3.10 5.00 3.20 4.00 4.70 6.00
likely to be tepid.
Frankfurt 3.80 8.40  2.80 3.80  4.70 4.70  Demand is seen as weak, with
London 3.50 4.50  2.00 4.00  3.50 4.50  landlords balancing occupancy rates
Munich 3.00 5.00  2.80 5.80  4.00 6.50  with rental. For instance, CMT’s
3.00 3.50  3.00 4.00  5.50 6.50  occupancy is at 99.2%, but rental
growth has been flat and rental re-
4.00 6.00  4.50 7.00  4.50 6.50 
versions fell 1.7% last year. Frasers
Centrepoint Trust’s portfolio occu-
Los Angeles 4.25 7.75  4.00 7.00  6.75 6.50 
pancy for 1QFY18 was 92.6%, but it
New York 3.00 4.50  3.50 5.50  3.00 7.00  had positive rental reversions of 1%
San Francisco 3.50 7.00  3.00 6.00  4.00 6.50  during the October-to-December
Toronto 3.75 4.75  4.25 5.25  4.75 5.25  quarter, after a superlative 5.1% rise
All as at 3Q2017 in reversions for the 12 months to
Source: Colliers
Sept 30. FCT’s occupancy is in line
with the vacancy level of 7% in the
suburban area as at Sept 30.
Both malls reported negative rent- building, at a cap rate of 3.6%. and there are good-quality assets,” According to URA data, island-
al reversions for FY17. Westgate’s Consultants use the Asia Square Tan says. Valuers know that Singa- wide net absorption has been
rental reversions fell 10.2%. In 2017, transaction to demonstrate that the pore real estate is not expensive rel- somewhat anaemic since 2015.
76 leases occupying 79,719 sq ft, or office market is in recovery mode. ative to Hong Kong [or other global As at September 2017, shop occu-
19.4% of the property, were renewed. Asia Square Tower II was acquired cities].” Hong Kong’s cap rate for pancy rate across the country had
Rental reversions fell 6.5% at Bedok at S$2,689 psf, a relatively modest commercial and retail property is fallen to 91.7%, from the high of
Mall last year. A total of 81 leases, compared with Chevron House’s, for lower than Singapore’s, while cap 95.5% in 2013.
occupying 102,335 sq ft, or 46% of which Oxley Holdings paid S$2,526 rates for premium retail property “We’re looking at leases in a
the property, were renewed. psf. Chevron House is older, and is in Europe are below 3% (see table). different manner and not going
With risk-free rates expected to seen as a premium Grade B building. “Singapore is not expensive. for the highest rent,” Tan says.
rise — the yield on the 10-year Sin- Yet, within a couple of months after When a few transactions happen, “Over the years, we’ve been par-
gapore Government Securities is up the completion of the Asia Square valuers have to mark down the cap ing our exposure to fashion, al-
15% to 2.3% year-to-date — investors transaction, Chevron House was rate. At the same time, they know though fashion-related tenants
are asking if the cap-rate compres- sold at a seemingly rich valuation. the retail tenants face competi- pay more rent. The tenant is also
sion cycle has run its course. The largest mall transaction in tion, so they mellow down their under pressure. There’s a certain
“There is still liquidity. Based on 2Q17 took place at a cap rate of 4.2%. assumptions for rents,” Tan says. threshold of rent tenants can pay
what we see, there is still demand Jurong Point, the largest suburban For CMT’s portfolio, valuers have because of margin dilution, so we
for real estate in Singapore,” Tan shopping mall in Singapore, was been lowering rent assumptions. have to be circumspect. It’s our
says. CapitaLand Commercial Trust, acquired by NTUC social enter- “You have to leave some headroom job to ensure they trade well,” he
CMT’s sister REIT, divested a 50% prise Mercatus Co-operative. The for valuation decline. It’s a constant says. “We have some positive ex-
stake in One George Street at a cap valuation is seen as a record high battle between reversionary rent amples — tenants that we brought
rate of 3.2%, and the entire stake of for a large suburban mall. and cap rate,” Tan says. If this is the in with lower rents that trade very
Wilkie Edge, a fringe-area property, “My sense is the Singapore mar- trough for cap-rate compression, it well where gross turnover rent
for a cap rate of 3.4%. It bought Asia ket will stay very attractive for inves- would imply negative revaluations covers the lower base rental.”
Square Tower II, a trophy Grade A+ tors because it’s very transparent in the future. CON T I N UES N EX T PAGE
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
Real estate agencies work with government to transform industry
BY T I M OT H Y TAY
THE long transaction process
and regulatory hurdles are com-
mon complaints of people buying
or selling property in Singapore.
Even as other industries embrace
new technologies to streamline
processes and improve custom-
er service, the real estate industry
has lagged in leveraging technol-
ogy to become more customer-
responsive and efficient.
The Real Estate Industry Trans-
formation Map (ITM), unveiled on
Jan 8, is a roadmap to ensure that
the industry continues to grow and
will be able to provide good jobs
for Singaporeans. It will focus on
the property transaction services
and facilities management sector,
because existing business models
and traditional jobs face disrup-
tion from new technologies, rising
consumer expectations and slowing
manpower growth.
This is part of an ongoing effort to
improve the industry. The process
began in January with the launch
of the HDB Resale Portal, which
integrates all the eligibility checks
onto a single platform, and has cut
HDB resale transaction times by up
to eight weeks.
To strengthen professionalism in
the real estate industry, the Council
for Estate Agencies (CEA) will work
with the industry to publish prop-
erty transactions closed by agents.
This initiative will be implemented
in two phases: starting with HDB
transactions from end-2018, fol-
lowed by private residential transac-
CMT likely to face a
tough 2018 ahead
FROM PR EV I O U S PAG E
Proptech, e-commerce trials
If you can’t beat them, join them.
CMT’s sponsor and major sharehold-
er CapitaLand launched an online
mall on Lazada Singapore last year.
“As a landlord, it’s useful to be seen in
this space even though it’s a Capita-
Land-Lazada collaboration. Allowing
our space to be more creatively used
will help increase our exposure. I do
not expect high revenue generation
from this, but I want to increase our
exposure to the online consumer.
That in itself is a positive value-add
to the mall,” Tan says.
CMT has two click-and-collect
lounges — in Bugis+ and Plaza Sin-
gapura. “We have a lounge and a
fitting room. You can collect your
product, try it out; if you don’t like
it, you can return it there and then.
If needs be, we can expand the
offering. It occupies only 200 sq ft
now,” Tan says.
According to Zebra Technolo-
gies’ 2017 Retail Vision Study, more
than 80% of respondents dislike the
process of waiting for a delivery.
Providing customers with a choice
of collection from stores or pick up
points forms a critical part of the
overall omnichannel experience,
observes Alan Cheong, director of
research at Savills. “These experi-
ences lead to a retail transformation
called ‘new retail’, which involves
Tan says agents must embrace
the coming technological changes
and use them to strengthen their
professionalism
tions from end-2019. CEA says this
initiative will increase transparency
and boost customers’ confidence
in continuing to engage property
agents, even as the transaction pro-
cess becomes automated.
CEA will also work with agencies
to collect and publish consumer
ratings of agents. First-movers in
this area include Orange Tee and
ERA Realty. Two years ago, Orange
Tee was the first agency to launch a
property agent review portal, aptly
named Property Agents Review.
Last year, ERA launched
its property agent search por-
tal called FindPropertyAgent.sg.
An improved version of the por-
tal was launched at its Asia Pacif-
ic Business Conference on Jan 8.
The website lists the transaction
track record of individual ERA
agents, as well as testimonials and
ratings from verified customers. The
portal enables consumers to choose
shopping online, experiencing in
stores, making a purchase and fi-
nally, delivering at shoppers’ con-
venience.”
CMT is also part of one of the
largest rewards programme in Asia
called CapitaStar. Through this, the
CapitaLand group has collected
reams of data that is used for tar-
get marketing, cross-selling and
rewarding shoppers.
Headwinds ahead
CMT is likely to face a tough 2018.
It plans to carry out an asset en-
hancement initiative (AEI) on Lot
1 in Choa Chu Kang because of
the relocation of a bus terminal.
The relocation places Lot 1 in be-
tween the MRT-LRT interchange
station and the bus terminal. Tan
reckons that the mall could get a
lift in shopper traffic once the bus
terminal is completed. Elsewhere,
CMT is readying Tampines Mall
and Bedok Mall for competition
from Changi Jewel.
“The economy is recovering.
Confidence is back and money is
flowing to Asia. Towards the end
of last year, our properties started
doing a little bit better, which is
why we clocked S$232.4 million
in valuation gain. But valuers
will continue to take a cautious
outlook on the rents,” Tan says.
— The Edge Singapore
PHOTOS BY SAMUEL ISAAC CHUA/THE EDGE SINGAPORE
Chua says agents today need to
understand their customers’ unique
requirements and help them make the
right decisions
an agent based on service rating
and reviews, speciality, location and
track record. It will help streamline
property searches and enhance the
client-agent matching process by
integrating all key considerations
onto a single platform, says ERA.
The focus is shifting towards im-
proving the private property trans-
action process, says Jack Chua, CEO
of ERA, an industry partner that
contributed to the formulation of
the ITM. Chua says upcoming plans
will involve rental transactions, pri-
vate property resale and new home
transaction processes, as well as
new ways to improve the existing
work flow. Most of these initiatives
should be rolled out by early next
year, he says.
The ITM will also focus on trans-
forming the facilities management
(FM) sector to be future-ready.
Building maintenance is expect-
ed to become more difficult as the
FCT’s suburban malls stay resilient
FRASERS Centrepoint Trust is for-
tunate in that its two biggest subur-
ban malls are in areas where there
is little or no competition and its
portfolio continues to notch up
higher rents and net property in-
comes. Altogether, FCT owns six
malls on the island.
“Causeway Point continued to
contribute the highest positive rent-
al reversions at 5.5%, for 23 leases
renewed for 7% of NLA [net letta-
ble area],” says Chew Tuan Chiong,
CEO of FCT’s manager. “Causeway
Point will continue to be a strong
performer.” The mall is the REIT’s
second-largest mall in Woodlands
in northern Singapore. Chew ex-
pects Northpoint City North Wing’s
occupancy and rents to rebound
after its asset enhancement initia-
tive. “Overall, we are much happier
than this time last year.”
For 1QFY18 ended Dec 31,
FCT’s distribution per unit was
three Singapore cents (8.88 sen),
up 3.8% y-o-y. This was the result
of gross revenue rising 8.7% y-o-y
and net property income increas-
ing 9.1%. DPU was also enhanced
because the proportion of man-
agement fee to be paid in units
was 50% for 1QFY18. A year ago,
70% of management fee was paid
in units. This will be progressively
decreased as Northpoint — which
had undergone AEI — starts trad-
ing again on full occupancies.
population ages, and as new build-
ings and infrastructure continue to
be built. Current practices focus on
reducing cost rather than enhancing
service delivery, and the industry is
not incentivised to innovate and in-
vest in new technologies. To tackle
this, the Building and Construction
Authority (BCA) has been tasked to
advise and implement ITM plans
for the FM sector.
BCA will work with facility man-
agers, property developers and
property technology firms to find
ways to increase the adoption of
Smart FM solutions and practices.
Examples include real-time moni-
toring, predictive maintenance and
automation. The agency will encour-
age the industry to consider FM in
the design and construction of new
buildings from the initial planning
and design stages. CapitaLand was
cited for its progressive initiatives in
this sector. The company has rolled
out initiatives such as iTrack to track
FM jobs and the operational read-
iness of its malls; iTell to provide
feedback and prompt resolution;
and iClean to remotely monitor toi-
let usage for efficient manpower
deployment.
In addition, CEA is leading a
Digitalised Property Transactions
Workgroup to make it easier for
industry shareholders to access
government property-related data.
This includes property ownership
details used to verify that a seller
is the legal owner of the proper-
ty or whether a potential foreign
tenant has a valid pass to work in
Singapore. The Housing and De-
Northpoint City North Wing’s occupancy and rents are expected to rebound after
its asset enhancement initiative
It is interesting that all three
pure-play Singapore-focused retail
real estate investment trusts turned
in resilient performances in FY17.
CapitaLand Mall Trust — despite
facing headwinds — announced
a DPU of 11.16 Singapore cents,
up 0.3% y-o-y. FCT, which has a
September year-end, announced
a DPU of 11.9 Singapore cents, up
1.2% y-o-y. SPH REIT’s DPU rose
0.5% to 5.53 Singapore cents. It has
an August year-end. Its 1QFY18
DPU was flat at 1.34 Singapore
cents. (SPH REIT’s income support
for one of its two malls, Clementi
Mall, falls off this year.)
FO CU S 17
velopment Board, the Singapore
Land Authority and the Ministry of
Manpower will progressively make
this seamless data-sharing availa-
ble later this year. The workgroup
will also develop digitised contract
templates and checklists that con-
sumers and property agents will be
able to use by early 2020.
Speaking at ERA’s conference,
Tan Chuan-Jin, Speaker of Parlia-
ment, noted that, as time-consum-
ing administrative processes such as
due-diligence checks are increasingly
handled via automation, agents must
embrace the coming technological
changes and use them to strengthen
their professionalism and learn new
skills. Automation and other smart
technologies are taking away some
roles handled by real estate agents
today, Tan says, and it is likely that
more jobs will disappear in the future
because of technological change.
Such changes are necessary, how-
ever, to ensure that the industry is
future-ready, he adds.
Agreeing, ERA’s Chua says real
estate agencies and agents must
provide higher-value services that
smart technologies such as artificial
intelligence cannot provide, such
as market insight, financial plan-
ning and a human connection. He
explains that the role of the agent
is no longer as a “tour guide”, shuf-
fling buyers between viewings, but
as someone who understands their
unique requirements and can help
them make the right decisions. “The
[transaction] process is a dead thing,
but professional advice is dynamic.”
— The Edge Singapore
FRASERS PROPERTY
In comparison with the re-
silience of retail REIT DPUs, al-
most all the hospitality REITs
announced declines in DPU, as
did the two largest commercial
REITs and around 70% of the in-
dustrial REITs.
Since the start of the year, units
in CMT have fallen 7.5%, while
FCT has lost just 4.9%, reflecting its
better portfolio performance. SPH
REIT has declined 24.2%.
FCT offers DPU resilience, while
CMT’s valuation and debt profile
should provide shelter from the
storm should interest rates rise.
— By Goola Warden
18 W O R L D B U S I N E S S
Stock slide just ‘appetiser’ for
real deal — Morgan Stanley
Biggest test of potential damage from higher bond yields yet to come
BY C H R I S TOPH ER A N STEY
TOKYO: The US stock market only
had a taste of the potential damage
from higher bond yields earlier this
year, with the biggest test yet to
come, according to Morgan Stanley.
“Appetiser, not the main course,”
is how the bank’s strategists led by
London-based Andrew Sheets de-
scribed the correction of late Jan-
uary to early February. Although
higher bond yields proved tough for
equity investors to digest, the key
metric of inflation-adjusted yields
didn’t break out of their range for
the past five years, they said in a
note on Monday.
While many have warned that
faster inflation could hurt stocks, in
theory bigger price gains should be
at worst neutral if they boost earnings
along the way. Higher real yields, on
the other hand, mean a bigger dis-
count rate to value future earnings.
Should they break out of the
range over the past five years as
investors anticipate greater central
bank policy normalisation, that
could hit stocks harder, according
Saudi minister
rejects EU-style
security pact plan
VIENNA: Saudi Arabia has no
interest in participating in a Eu-
ropean Union (EU)-style regional
security alliance as proposed by
Qatar, its Foreign Minister Adel
al-Jubeir said on Monday.
Qatar’s Emir Sheikh Tamim
Hamad al-Thani said last Fri-
day that Middle Eastern states
should put their differences be-
hind them and forge a security
pact modelled on the EU to pull
the region back from the brink.
He asked the international
community to keep up diplo-
matic pressure on the countries
concerned to achieve that, but
offered few other details.
“We already have a structure
in place,” said al-Jubeir in Vien-
na on the sidelines of a meeting
with his Austrian counterpart,
referring to the Gulf Cooperation
Council (GCC), the Gulf states’
36-year-old political and trad-
ing bloc.
Qatar, a tiny but rich Gulf Arab
state, has been isolated over the
past seven months by trade and
travel sanctions imposed by Saudi
Arabia, the United Arab Emirates,
Bahrain and Egypt over accusa-
tions — denied by Doha — that it
supports terrorism and regional
rival Iran.
Efforts by the US and Kuwait
to end the rift have failed to pro-
duce any results. — Reuters
to the Morgan Stanley thinking.
Relatively low real yields were a
big support for equity valuations, so
a break higher would indicate that
stocks will have to rely on earnings
— not multiple expansion — to
drive them higher, Sheets and his
US tax charges weigh
on BHP half-year profit
SYDNEY: Higher commodity pric-
es helped global mining giant
BHP report a first-half net profit
of US$2.02 billion (RM7.88 bil-
lion) yesterday, but the result was
weighed down by a hefty charge
from US tax reforms.
The result for the six months
to Dec 31 was 37% lower than the
US$3.2 billion recorded in the
previous corresponding period.
BHP announced last week it
would recognise a US$1.8 billion
charge from US tax reforms, al-
though the miner said the lower
corporate tax rate would have a
positive impact on its American
Israeli visual aid company OrCam valued at US$1b
BY AR I R ABINOV ITC H
JERUSALEM: Israel’s OrCam, which
has developed a visual aid for the
blind, has completed a funding
round that values the company at
US$1 billion, putting it on track for a
planned initial public offering (IPO),
its chief executive said yesterday.
The company raised US$30.4
million (RM118.56 million) by sell-
ing an approximate 3% stake to
investors including Israel’s Clal
Insurance and Meitav Dash. That
brought the total amount OrCam
colleagues wrote. And the chal-
lenge there is that a slowdown may
loom starting in the second quar-
ter, they said.
“It’s when growth softens while
inflation is still rising that returns
suffer most,” the strategists wrote.
profits in the long term.
“Higher commodity prices and
a solid operating performance de-
livered free cash flow of US$4.9 bil-
lion,” BHP chief executive Andrew
Mackenzie said in a statement.
“We used this cash to further re-
duce net debt and increase returns
to shareholders through higher
dividends ... we remain firm in
our resolve to maximise cash flow,
maintain discipline and increase
shareholder value and returns.”
Underlying profit, a measure
preferred by the world’s largest
miner, was US$4.05 billion, a 25%
jump from the prior period, but
has raised from investors so far to
US$130.4 million.
“We have sufficient reserves of
money to finish our development,
but part of our investment rounds
is also preparing the company for
the next phase, which is [an] IPO,”
Ziv Aviram said.
In about a year, he said, the com-
pany would look to raise an addi-
tional US$100 million from larger,
global funds before going public on
a US exchange. Aviram is hoping the
company will be valued at US$1.5
billion to US$2 billion when it lists.
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
“Strong global growth and a good
first-quarter reporting season pro-
vided an important offset. We re-
main on the watch for a ‘tricky
handoff ’ in the second quarter, as
core inflation rises and activity in-
dicators moderate.” — Bloomberg
below analysts’ expectations.
BHP declared a 55 US cents
dividend per share, up from 40
US cents previously.
The Anglo-Australian firm also
recorded a charge of US$210 mil-
lion from the fatal Samarco mine
collapse in Brazil in 2015, a trage-
dy that left 19 people dead in one
of the South American nation’s
worst environmental disasters.
The company said “significant
progress” was being made on so-
cial and environmental recovery
programmes after the dam failure
at Samarco, which is co-owned
with Brazil’s Vale. — AFP
The latest fundraising coincided
with the launch of a new version
of OrCam’s product — a wireless
smartcamera that attaches to the
side of spectacle frames. The device
reads texts, supermarket barcodes
and recognises faces while speaking
the information into the user’s ear.
“I think the potential for OrCam
is even bigger than Mobileye,” he
said from his office in a high-tech
neighbourhood of Jerusalem, down
the street from where Mobileye’s
expanded complex is being built.
— Reuters
IN BRIEF
Mythical guitar maker
fighting for survival
SAN FRANCISCO: Renowned
guitar maker Gibson, whose in-
struments have been played by
John Lennon and Elvis Presley,
is facing serious financial prob-
lems that threaten its very ex-
istence. The mythical company
— in Nashville, Tennessee since
1894 — on Monday brought in
a new financial director, Ben-
son Woo, to try to rescue the
ailing group. Gibson Brands,
which also sells audio systems
for both professionals and the
general public, is working with
an investment bank to set up
a debt refinancing plan, the
company said in a statement.
The group has a US$375 mil-
lion debt payment due in ear-
ly August, the Nashville Post
reported. — AFP
Scandal-hit Steinhoff
loses case to ex-partner
AMSTERDAM/JOHANNES-
BURG: Steinhoff International
Holdings NV lost a case against
a former business partner re-
lated to how it reported finan-
cials for 2016, piling further
pressure on the global retailer
that’s battling an accounting
scandal. The owner of French
furniture chain Conforama,
Mattress Firm in the US and
Pep clothing in Africa should
amend its accounts for that
year, the Amsterdam Enter-
prise Chamber ruled on Mon-
day in a case brought by Andre-
as Seifert’s OM Handels and
MW Handels businesses. The
lawsuit predates the reporting
by Steinhoff of financial wrong-
doing that’s wiped almost 90%
off the value of the company.
— Bloomberg
Gates: Billionaires should
be taxed much more
WASHINGTON: Bill Gates says
he has paid more than US$10
billion in taxes over a lifetime
but billionaires like him should
pay “significantly” more be-
cause they benefit more from
the system. The Microsoft
co-founder, the world’s second
richest man after Amazon’s Jeff
Bezos, was critical of a recent
US tax overhaul that slashed
corporate taxes and lowered
the top bracket for individual
income. “I’ve paid more taxes,
over US$10 billion, than any-
one else, but the government
should require the people in
my position to pay significant-
ly higher taxes,” he said in an
interview with CNN. — AFP
Uber taxis to take flight
within five to 10 years
TOKYO: Uber Technologies
Inc chief executive officer Dara
Khosrowshahi said yesterday
he can see commercialisation
of the Uber Air flying taxi ser-
vice happening within five to 10
years. The US ride-hailing app
maker has said it expects flying
vehicles to eventually become
an affordable method of mass
transportation. Khosrowshahi
was speaking at an investor fo-
rum in Tokyo on his first visit
to Asia as Uber CEO. — Reuters
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
Sony in JV with cabs as Uber steps up Japan presence
BY PAVEL A L PEY EV
TOKYO: Sony Corp is jumping into
the ride-hailing fray.
The Japanese electronics mak-
er plans to form a joint venture
with six taxi operators in Japan this
spring, according to a statement
yesterday. The alliance comes as
Uber Technologies Inc, the world’s
biggest ride-hailing start-up, is in
talks with another cab company
Commodities
shipper seeks
US$150m
to start
cryptocurrency
BY I S I S A L MEI DA
LOND ON: The shipping
agency that struck the first
freight deal settled in bitcoin
is now seeking US$150 mil-
lion (RM585.07 million) to
launch its own cryptocur-
rency.
Prime Shipping Founda-
tion, a partnership between
Gibraltar-based Quorum
Capital Ltd and shipbroker
Interchart LLC, is looking to
raise the funds by mid-year
in a so-called initial coin of-
fering (ICO). Using its own
cryptocurrency would ease
conversions into and out of
traditional currencies, speed-
ing settlement, according to
chief executive officer Ivan
Vikulov.
The company was the first
to execute a freight deal in bit-
coin, shipping 3,000 tonnes
of Russian wheat to Turkey at
the end of last year. While the
freight charges were billed
in the cryptocurrency, us-
ing digital coins to pay for
the actual commodities has
proven to be difficult. That’s
because their lack of liquidi-
ty makes it harder to convert
higher-value deals quickly
into fiat currencies, he said.
“The conversion in and
out of bitcoin can sometimes
take one or two days, and
that’s not fast enough,” Vi-
kulov said. “Ours will take a
few seconds.”
Half of the funds the firm
intends to raise will be used
to provide liquidity to the
company’s planned Prime
Crypto Bank, which will allow
almost instant conversion
from cryptocurrencies, Prime
Shipping Foundation said
in a statement provided to
Bloomberg. The company is
currently in talks with audit-
ing firms to oversee the ICO
and seeking to get a banking
licence in Gibraltar, one of
the most crypto-friendly ju-
risdictions.
Cryptocurrency transac-
tions are part of Prime Ship-
ping Foundation’s blockchain
payment system for bulk
commodities. — Bloomberg
as it tries to build its presence in
the country.
After years of little action, Japan’s
lacklustre ride-hailing industry is
suddenly seeing a lot of activity.
Uber chief executive officer Dara
Khosrowshahi is visiting the coun-
try to underscore the importance of
its ¥1.7 trillion (RM61.9 billion) taxi
market. The San Francisco-based
company, which has failed to gain
much ground since launching in
SoftBank said to
work with Nomura
It is making early preparations for US$19 billion mobile IPO
BY TAKAHIKO HYUGA
& YUKI FURUKAWA
TOKYO: SoftBank Group Corp is
working with Nomura Holdings
Inc as it makes early preparations
for an initial public offering (IPO)
of its domestic telecommunica-
tions business that could raise more
than ¥2 trillion (US$18.66 billion/
RM72.85 billion), said people with
knowledge of the matter.
SoftBank is considering marketing
most of the offering to Japanese indi-
viduals, said the people, who asked not
to be identified because the informa-
tion is private. While no official man-
Bitcoin breaks above US$11,000 threshold in 4th day of gains
BY TODD W HITE
MADRID: Bitcoin climbed for a
fourth day, accelerating a rally that
began when it bounced off a tech-
nical support level.
The biggest cryptocurrency rose
11% to US$11,200 (RM43,686) as of
11.51am in New York. That brought
its increase to 57% since Feb 6,
when it began rebounding from a
2013 amid stringent regulations,
is in talks for a venture with taxi
operator Daiichi Koutsu Sangyo Co.
Sony’s alliance is with Checker
Cab Group, Daiwa Motor Trans-
portation Co, Hinomaru Kotsu Co,
Kokusai Motorcars Co, Kotobuki
Taxi Co and Green Cab Co, which
have a combined fleet of more than
10,000 cars in the greater Tokyo
area, according to the statement.
Sony will develop a ride-hailing
dates have been assigned, Nomura
is advising the company on matters
such as its strategy for distributing
the shares, corporate governance and
documentation needed to list on the
Tokyo Stock Exchange, the people said.
Tokyo-based SoftBank has yet to
send out so-called requests for pro-
posals from securities firms that want
to obtain formal roles as managers
of the deal, the people said. Getting
involved early may help Japan’s big-
gest brokerage win a lucrative global
coordinator role for the IPO, which
could become the country’s largest
debut share sale since NTT DoCo-
Mo Inc in 1998. Nomura will likely
200-day moving average, according
to prices compiled by Bloomberg.
Bitcoin outperformed its closest
rivals — ripple, ethereum and lite-
coin — which gained less than 4%.
After a crash in January wiped
about half a trillion US dollars from
the market caps of some 1,500
cryptocurrencies tracked by Coin-
MarketCap, many found a floor in
mid-February. That coincided with
W O R L D B U S I N E S S 19
app powered by artificial intel-
ligence and provide a payment
service. Taxi operators beyond
the initial group will also be able
to join the platform, it said.
Earlier this month, SoftBank
Group Corp announced a part-
nership with China’s Didi Chuxing
and plans to begin trial services
this year. Toyota Motor Corp has
teamed up with Nihon Kotsu Co.
— Bloomberg
face competition from global firms
including Goldman Sachs Group Inc.
Nomura’s Tokyo-based spokes-
man Seiji Sato declined to com-
ment on the role, as did SoftBank
spokesman Hiroe Kotera.
SoftBank hasn’t decided how it
would split the offering between
domestic and overseas investors,
the people said. With its large retail
franchise, Nomura would be well
placed to manage a share sale that
targets Japanese individuals. In ad-
dition to underwriting fees, the deal
would help Nomura obtain new re-
tail accounts and handle secondary
trading after the listing. — Bloomberg
statements by many analysts and
market watchdogs that seemed to
offer tacit acceptance that the assets
won’t be regulated out of existence.
Still, until regulators gain a bet-
ter grip on them, digital currencies
will struggle for wider acceptance
in mainstream finance, according
to S&P Global Ratings.
Bitcoin last closed above
US$11,000 on Jan 29. — Bloomberg
IN BRIEF
Adecco buys digital
recruitment firm Vettery,
price not disclosed
ZURICH: Staffing compa-
ny Adecco said yesterday it
bought US-based online re-
cruitment platform Vettery
for an undisclosed sum to in-
crease its footprint in the dig-
ital permanent recruitment
market. Vettery, founded in
New York in 2014, connects
over 4,000 employers with
candidates in information
technology, sales and finance,
thanks to a proprietary tech-
nology that reduces time to
hire and improves the quality
of matches, the world’s largest
staffing firm said in a state-
ment. Adecco said it would
accelerate the expansion of
Vettery, also internationally.
— Reuters
Chicken shortage
shuts hundreds of KFC
stores in UK
LONDON: US fast-food chain
KFC said on Monday it had
shut hundreds of UK stores
as German delivery supplier
DHL left them short of fowl
and customers without their
“fried chicken fix”. KFC said
that more than 700 of its 900
UK-wide chicken shops had
been forced to close since
the weekend, while others
were offering a downsized
menu or shorter opening
hours. “We’ve brought a new
delivery partner on-board,
but they’ve had a couple of
teething problems — getting
fresh chicken out to 900 res-
taurants across the country
is pretty complex,” KFC said
in a statement. — AFP
Deutsche Bank slashes
up to 500 investment
banking jobs — report
BERLIN: Germany’s biggest
lender Deutsche Bank is let-
ting hundreds of investment
bankers go, Bloomberg re-
ported on Monday, the lat-
est round of deep cuts in a
years-long battle for profitabil-
ity. “At least 250” and perhaps
as many as 500 “senior and
mid-level” bankers in London
and the US have been shown
the door in the past two weeks,
Bloomberg said, citing people
familiar with the decisions.
Deutsche Bank declined to
comment on the report when
contacted by AFP. — AFP
LVMH names Serge Brun-
schwig as new chairman
and CEO of Fendi
PARIS: LVMH, the world’s
biggest luxury goods group,
named yesterday Serge Brun-
schwig as the new chairman
and chief executive office
(CEO) of its Fendi fashion
house, as part of an internal
reshuffle. Brunschwig will re-
place Pietro Beccari, who will
now become the chairman
and CEO of LVMH’s Chris-
tian Dior Couture arm. Brun-
schwig will report to Toni Bel-
loni, LVMH’s group managing
director, LVMH added yester-
day. — Reuters
20 WORLD
UK has secret plan
to withhold Brexit cash
This is in order to force the EU to give the nation the trade deal it wants
BY T I M ROSS
LONDON: Prime Minister Theresa
May’s team has drawn up a secret
contingency plan to withhold bil-
lions of pounds in Brexit payments
in order to force the European Un-
ion (EU) to give the UK the trade
deal it wants.
Senior British officials have pri-
vately discussed the idea as a fall-
back option that could be used if
the EU reneges on its commitment
for a new free-trade deal to come
into force after Brexit, three people
familiar with the matter said.
Babies in poorest
countries still
face ‘alarming’
risks — Unicef
BY B R I A N KN OWLTON
WASHINGTON: Babies born in
the world’s poorest countries,
most of them in Africa, still face
“alarming” risks of death that
can be 50 times as high as those
in the richest countries, accord-
ing to a Unicef report released
yesterday.
While the last quarter-cen-
tury has seen broad improve-
ments in older children’s
health, “we have not made sim-
ilar progress in ending deaths
among children less than one
month old”, said Henrietta Fore,
Unicef’s executive director.
“Given that the majority of
these deaths are preventable,
clearly we are failing the world’s
poorest babies.”
The differences are stark. A
baby born in Pakistan — the
country with the worst new-
born mortality rate — faced a
one in 22 chance of death, while
a newborn in Japan had only a
one in 1,111 risk of dying, the
report said.
Of the 10 highest-risk coun-
tries, eight are in sub-Saharan
Africa, countries where “preg-
nant women are much less like-
ly to receive assistance”, due to
poverty, conflict or weak insti-
tutions, according to the report.
Those eight countries are
the Central African Republic
(a one in 24 chance of death);
Somalia, Lesotho, Guinea-Bis-
sau and South Sudan (all with a
one in 26 chance); Cote d’Ivoire
(one in 27); and Mali and Chad
(both with a one in 28 chance).
Each year, some 2.6 million
babies do not survive through
their first month. — AFP
The plan is far from the UK’s pre-
ferred outcome, but senior mem-
bers of the government believe it
could be necessary. May says she
wants a draft accord by October to
cover future trading terms, which
can then be signed soon after the
UK leaves the bloc. Despite this,
the EU says October’s agreement
will contain little detail and will be
only a political declaration.
The disclosure of the potential-
ly explosive proposal comes at a
sensitive time in the Brexit talks as
the clock runs down on the UK’s
departure in March 2019. As one
US probe looking at Kushner
foreign business contacts — report
WASHINGTON: Special counsel
Robert Mueller is probing Jared
Kushner’s efforts to get foreign in-
vestors beyond Russia to provide fi-
nancing for his company during the
presidential transition, including in
China, CNN reported on Monday.
The probe was previously only
said to have focused on the Russia
contacts of US President Donald
Trump’s senior adviser and son
in law, only with the campaign’s
data analytics and Kushner’s ties
with disgraced ex-national security
adviser Michael Flynn.
Mueller’s team is probing Kush-
ner’s conversations during the pres-
idential transition to get financing
for the Kushner Companies-backed
666 Fifth Avenue office building in
New York after financial setbacks,
Marines drink cobra blood in US-Thai war drills
CHON BURI (Thailand): US and
Thai marines slurped snake blood
and ate scorpions in a jungle surviv-
al programme on Monday as part
of the two nations’ annual Cobra
Gold war games.
Now in its 37th year, Cobra Gold
is one of the largest military exer-
cises in Asia, bringing thousands of
troops from the US, Thailand and
other countries for 10 days of field
training on Thai shores.
On Monday, several dozen US
and Thai marines took part in an
annual jungle survival drill at a Thai
navy base in the Chonburi province,
where troops took turns drinking
blood from a severed cobra before
grilling and eating the snakes.
Thai military trainers also taught
the group — which included South
Korean troops — how to remove ven-
om from scorpions and tarantulas
before eating them, find water in jun-
of the biggest EU contributors, the
UK side can use money as leverage
— though it’s a gamble that could
provoke the EU.
Speaking on condition of ano-
nymity, three senior officials said
the UK would have the option to
halt payments of the £40 billion
(RM218.3 billion) Brexit bill if EU
leaders tried to cut and run.
One said the precise mechanism
for paying the cash had yet to be
agreed, leaving open the possibil-
ity of holding it back.
These officials fear the UK loses
power in the detailed trade talks
CNN said, citing people familiar
with the investigation.
Kushner’s father founded the
real estate developer and lender.
Kushner played a leading role in
the presidential transition team’s
contacts with foreign governments,
and has indicated that he spoke
during that time with more than
50 contacts from over 15 countries.
One week after Trump’s Nov 8,
2016 election, Kushner met with the
chairman and other executives of
Chinese group Anbang Insurance,
The New York Times has reported.
Kushner and Anbang chairman
Wu Xiaohui were close to finishing
a deal for the Chinese conglomer-
ate to invest in 666 Fifth Avenue.
But the talks broke down, the
Times said.
gle vines and identify edible plants.
“The key to survival is knowing
what to eat,” said Thai Sergeant
Major Chaiwat Ladsin, who led
the drill that also saw the marines
take bites of a raw gecko.
This year’s Cobra Gold exercise
drew some 6,800 US personnel to
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
that will have to take place during
the transition phase because the
country will already have left the
EU. It will also be legally committed
to paying a financial settlement of
up to £40 billion as part of the with-
drawal agreement — a pledge that
will be binding.
The idea that the UK could threat-
en to withhold the cash risks reo-
pening the argument over money
that nearly wrecked the first stage of
Brexit negotiations last year. In Brus-
sels, the argument might be made
that the bill is for liabilities accrued
and not up for debate. — Bloomberg
Other business dealings target-
ed by Mueller include negotiations
on the same property with Qatar’s
former prime minister Hamad Jas-
sim Al Thani, according to The In-
tercept. But that deal also failed.
Kushner purchased the building
in 2007 for US$1.8 billion in a most-
ly debt deal, but the housing crisis
triggered financial setbacks for 666
Fifth Avenue, leading Vornado Realty
Trust to take a 49.5% stake in 2011.
“In all of Kushner’s extensive co-
operation with all inquiries, there has
not been a single question asked nor
document sought on the 666 building
or Kushner Co deals,” Kushner attor-
ney Abbe Lowell told CNN.
“Nor would there be any reason
to question these regular business
transactions.” — AFP
A US Marine drinking
the blood of a cobra
during a jungle
survival exercise as
part of the ‘Cobra
Gold 2018’ joint
military exercise at a
military base in the
Chon Buri province,
Thailand. Photo by
Reuters
the war games — nearly double last
year’s attendance — in the latest
sign of warming relations between
the two allies.
A 2014 army coup in Thailand
tested ties with Washington, which
urged a return to democracy and
scaled back military aid. — AFP
IN BRIEF
US, South Korea to set
Olympic-delayed drill date
SEOUL: A date for the start of
delayed US and South Korean
military drills will be announced
soon after the Paralympics end
next month, Seoul’s defence
minister said yesterday. Wash-
ington previously agreed to a
request from Seoul to delay the
Key Resolve and Foal Eagle ex-
ercises — which always infuri-
ate Pyongyang — until after the
Pyeongchang Olympics and
Paralympics in the South, to try
to avoid tensions on the divided
peninsula. The Olympics have
since seen a charm offensive by
Pyongyang, which dispatched
athletes, cheerleaders and its
leader’s sister Kim Yo Jong to at-
tend the Games. But analysts say
the Games-driven rapproche-
ment on the peninsula may not
last long once the sporting fes-
tivals are over. —AFP
Japanese ‘baby factory’
man wins custody of kids
BANGKOK: A wealthy Japa-
nese man yesterday granted
“sole parent” rights to 13 chil-
dren he fathered through Thai
surrogate mothers, in a court
ruling that paves the way for
him to take them to Japan.
Mitsutoki Shigeta, 28, became
the centre of a “baby facto-
ry” scandal in 2014 after Thai
police linked him via DNA to
nine infants found under the
care of 24-hour nannies in a
plush Bangkok apartment. The
children were estimated to be
between two weeks and two
years old at the time and have
since been cared for by the
Thai state, while another four
were later deemed also to have
been fathered by him. — AFP
Former cyclone Gita hits
New Zealand
WELLINGTON: New Zealand’s
national carrier yesterday can-
celled all flights in and out of
the capital Wellington, and the
southern city of Christchurch
declared a state of emergen-
cy as the remnants of tropical
cyclone Gita pummelled the
country. Even before the storm
hit in full force, heavy rains
in the centre of New Zealand
brought floods in Christchurch,
prompting a warning from
Mayor Lianne Dalziel. Air
New Zealand said all flights
to the capital would be ground-
ed from 2.45pm (0145 GMT)
as weather authorities issued
warnings of severe weather and
heavy rain and gusts of up to
150kph. — Reuters
Japan’s Tepco told to pay
for suicide of 102-year-old
TOKYO: A Japanese court yes-
terday ordered the operator of
the crippled Fukushima nucle-
ar plant to compensate rela-
tives of a 102-year-old man who
killed himself at the prospect
of fleeing his home. The Fuk-
ushima District Court ordered
Tokyo Electric Co (Tepco) to
pay ¥15.2 million (RM550,000)
in damages to the family of Fu-
mio Okubo, according to their
attorney Yukio Yasuda. — AFP
WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
Thailand’s Kra phoenix rises again
Such a review will reveal that new technology could make construction simpler, faster, possibly cheaper
BY B A N G KO K POST ED I TORS
T
he Thai government
has brought the Kra
Canal proposal back
to life. To be precise,
it has ordered a study
on a project that it of-
ficially renamed as Klong Thai.
The new name is presumably a mi-
nor celebration of the new eternal
Thai-ness campaign, Thai Niyom
Yangyuen.
A study may be in order, but
all it can do is to update the hun-
dreds, literally, of studies, papers,
recommendations and proposals
of the past 341 years. The reality is,
the Kra Canal by any name is Thai-
land’s phoenix for modern times.
The old legend of the phoenix stip-
ulated the bird burnt itself to ashes
before re-emerging, but only once
every 500 years.
The Thai phoenix of Kra is a far
superior model of the Arabian fowl.
It burns out before rearising after
only a few years. In some cases,
the Kra phoenix has arisen two or
even three times in a single year.
The first study of a canal from
Andaman Sea to the Gulf of Thai-
land across the narrowest part of
the south is said to have taken place
by King Narai the Great’s order. In
1677, this king wondered if “a ditch
from Songkhla to Burma” was fea-
sible, because the prospect seemed
quite positive.
Ending America’s disastrous role in Syria
BY J E F F R E Y D SACHS
MUCH of the carnage that has rav-
aged Syria during the past seven
years is due to the US’ and its allies’
actions in the Middle East. Now fac-
ing an alarming risk of a renewed
escalation of fighting, the UN Se-
curity Council ought to step in to
end the bloodshed, based on a new
framework agreed by the council’s
permanent members.
Here are the basics. In 2011, in
the Arab Spring context, the US gov-
ernment, in conjunction with the
governments of Saudi Arabia, Qa-
tar, Turkey and Israel, decided to
bring down Syrian President Bashar
al-Assad’s regime, even though over-
throwing another country’s govern-
ment amounts to a blatant violation
of international law. We know that
in 2012, if not earlier, former US
president Barack Obama author-
ised the Central Intelligence Agency
(CIA) to work with America’s allies
in providing support to rebel forces
comprising disaffected Syrians as
well as non-Syrian fighters. US pol-
icymakers had evidently expected
Assad to fall quickly, just like the Tu-
nisian and Egyptian governments in
the early months of the Arab Spring.
There has not been any public push for the Kra Canal and claims of urgency for studies and the start of construction are entirely by
involved interests, chiefly businesses that will benefit from it.
The monarch dispatched to the
south the court’s official engineer,
Frenchman Monsieur de Lamar,
who observed, discussed and re-
ported back to the king in Ayutthaya
that it was impossible.
It is certain that in 1793, King
Taksin’s younger brother, Maha
Sura Singhanat, theorised [cor-
rectly] that a canal across the Sia-
mese isthmus would greatly sim-
plify defences of the western coast.
The Assad regime is led by the
minority Alawi Shia sect in a coun-
try where Alawites account for just
10% of the population, Sunni Mus-
lims (75%), Christians (10%) and
others (5%), including Druze. The
regional powers behind Assad’s
regime include Iran, and Russia
which has a naval base on Syria’s
Mediterranean coastline.
While America’s goal to topple
Assad was mainly to undercut Irani-
an and Russian influence, Turkey’s
motive was to expand its influence
in former Ottoman lands and, more
recently, to counter Kurdish ambi-
tions for territorial autonomy, if not
statehood, in Syria and Iraq. Saudi
Arabia wanted to undermine Iran’s
influence in Syria while expanding
its own, while Israel, too, aimed to
counter Iran, which threatens Isra-
el through Hezbollah in Lebanon,
Syria near the Golan Heights, and
Hamas in Gaza. Qatar, meanwhile,
wanted to bring a Sunni Islamist
regime to power.
The armed groups, supported by
the US and allies since 2011, were as-
sembled under the Free Syrian Army
banner. In fact, there was no single
army, but rather competing armed
groups with distinct backers, ideol-
ogies and goals. The fighters ranged
from dissident Syrians and autono-
my-seeking Kurds to Sunni jihadists
Also, 104 years later, the British
squeezed an agreement from King
Prajadhipok (Rama VII) never to dig
such a canal. In the 21st century,
there are still nations quite strong-
ly opposed to such a Klong Thai.
Singapore, for one, fears the eco-
nomic consequences that would
result from ships sailing directly
from the Middle East to East Asia.
A glance at the map seems to justi-
fy the Lion City’s anxiety. In truth,
backed by Saudi Arabia and Qatar.
While vast resources were de-
voted to overthrowing Assad, the
effort ultimately failed, but not be-
fore causing massive bloodshed
and displacing millions of Syrians.
Many fled to Europe, fomenting
Europe’s refugee crisis and a surge
in political support for Europe’s an-
ti-immigrant extreme right.
There were four main reasons
for the failure to overthrow Assad.
Firstly, Assad’s regime had backing
not only from Alawites, but also
Syrian Christians and other mi-
norities fearing a repressive Sunni
Islamist regime. Secondly, the US-
led coalition was countered by Iran
and Russia. Thirdly, when a splin-
ter group of jihadists split away to
form the Islamic State (IS), the US
diverted significant resources to
defeating it, rather than to topple
Assad. Finally, the anti-Assad forces
have been deeply and chronically
divided; for example, Turkey is in
open conflict with Kurdish fighters
backed by the US. These reasons for
failure remain valid today. The war
is at a stalemate. Only the blood-
shed continues.
America’s official narrative has
sought to conceal its efforts’ scale
and calamitous consequences, in
defiance of international law and
the UN Charter, to overthrow Assad.
GRAPHIC BY CNA
however, most recent studies of the
fallout of a functioning Kra Canal see
little consequence for Singapore.
According to government
spokesman Sansern Kaewkamn-
erd, the current status is a pend-
ing order to “review the Kra Canal
project”. This is a rational stance.
Such a review will reveal that new
technology could make the con-
struction of such a canal simpler,
faster and possibly cheaper — or
While the US vehemently complains
about Russian and Iranian influence
in Syria, America and its allies have
repeatedly violated Syrian sover-
eignty. The US government mis-
characterises the conflict as a civil
war among Syrians, rather than a
proxy war involving the US, Israel,
Russia, Saudi Arabia, Iran and Qatar.
In July 2017, US President Don-
ald Trump announced the end of
CIA support for the Syrian rebels.
In practice, though, US engagement
continues, though now it is appar-
ently aimed more at weakening As-
sad than overthrowing him. As part
of America’s continued war-mak-
ing, the Pentagon announced in
December that US forces would
remain indefinitely in Syria, osten-
sibly to support anti-Assad rebel
forces in areas captured from IS,
and of course without the Syrian
government’s assent.
The war is in fact at risk of a new
round of escalation. When Assad’s
regime recently attacked anti-Assad
rebels, the US coalition launched
airstrikes that killed around 100 Syr-
ian troops and an unknown num-
ber of Russian fighters. Following
this show of force, US Secretary of
Defense Jim Mattis disingenuously
stated that “obviously, we are not
getting engaged in the Syrian civil
war”. In addition, Israel recently
F E AT U R E 2 1
perhaps given the cost of technolo-
gy, more expensive than the serious
studies of recent decades.
Over the years, various propos-
als have been put forward but the
Thai government of the day have
turned them down. For example,
in the 1970s, an extremely serious
construction proposal came from
the US Atomic Energy Commission
and the then-Soviet Union’s USSR
Academy of Sciences. However their
proposal to use atomic weapons to
create new canals ended up being
rejected by the then government.
Lieutenant General Sansern
Kaewkamnerd put exactly the cor-
rect, two-part spin on this age-old
proposal for a cross-Thailand canal.
The first is there never has been
any public push for such a project.
Claims of urgency for studies and
the start of construction are entirely
manufactured by involved inter-
ests, chiefly businesses seeing great
profits from everything, including
construction, maintenance and, of
course, buying and selling of land.
Finally, as the spokesman says,
the real need for Thai infrastructure
necessarily pushes the proposal for
a Kra Canal by any name far down
the list. This time around, the risk
again is that the government will not
go far enough to push the project
through even though it stands to
benefit the country more than the
much bigger budget rail projects that
it is undertaking. — Bangkok Post
attacked Iranian positions in Syria.
The US and its allies should face
reality and accept the Assad re-
gime’s persistence, despicable as
it may be. The UN Security Coun-
cil, backed by the US, Russia and
other major powers, should step in
with peacekeepers to restore Syr-
ian sovereignty and urgent public
services, while blocking the Assad
regime’s vengeance against former
rebels or their civilian supporters.
Yes, the Assad regime would
remain in power, and Iran and
Russia would maintain their in-
fluence in Syria. However, the US
official’s delusion that America can
call the shots in Syria by choosing
who rules, and with which allies,
would end. It is long past time for a
far more realistic approach, where
the security council pushes Sau-
di Arabia, Turkey, Iran and Israel
into a pragmatic peace, ending the
bloodshed and allowing the Syrian
people to resume their lives and
livelihoods. — Project Syndicate
Jeffrey D Sachs, professor of sus-
tainable development as well as
health policy and management at
Columbia University, is director of
Columbia’s Center for Sustainable
Development and the UN Sustaina-
ble Development Solutions Network.
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY CL A RI ECE LEONG
WORK. LIFE. BALANCE
DROP by No Black Tie tonight for Pan Produc-
tions’ Once Upon A Time Dark Disney. Three
local talents, Peter Ong, Nikki Palikat, and
Dina Nadzir bring you some of the darkest
Disney tunes, including songs from The Little
Mermaid and Moana. Disney takes a rare dark
twist tonight and tomorrow night at 9pm, at
No Black Tie, Jalan Mesui, off Jalan Nagasari,
Bukit Bintang, Kuala Lumpur. Admission is
priced at RM64, and students get a special
price of RM54. For more information, visit
www.noblacktie.com.my.
THAI restaurant Rama V’s Chinese New Year
menu brings together the best of Chinese and
Thai cuisine, creating a unique cross-cultural
culinary experience. The seasonal staple of
yee sang gets an interesting twist at Rama V
with scallop sashimi and smoked duck. Try
the crispy tiger prawns with pomelo salad,
and the deep-fried golden duck with yellow
curry and pineapple — just two of many
dishes that will blow you away. The festive
menu is priced from RM638, and is available
until Feb 28, at Rama V on Jalan U-Thant,
Kuala Lumpur. Rama V is open daily for
lunch from noon to 3pm, and dinner from
6.30pm to 11pm. For bookings or enquiries,
call (03) 2143 2428.
END your hunt for the
perfect lip colour with
the Becca Cosmetics’
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itive Glow Gloss. The
clear gloss reacts with
the natural chemistry
of your lips, gradually
changing to a unique
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best suits you. Apply
the product on bare
lips for a shiny look, or
use it as a topper over
lipstick for a glossy fin-
ish. Formulated with
avocado oil, vitamin
E and shea butter to
keep your lips soft and
smooth, this may just be your next favourite
day-to-day lip gloss. The Liptuitive Glow Gloss
is available in a 4.5g tube for RM115; get yours
now while stocks last at www.sephora.my.
The portraits of a newly married Dutch couple were jointly bought in 2015 by the Netherlands and France for €160 million from the wealthy Rothschild
banking family in an unprecedented deal.
SAVING
CULTURAL HERITAGE
French, Dutch teams
unveil two newly
restored Rembrandts
D
utch and French art histo-
rians on Monday unveiled
the surprising results of 18
months of painstaking res-
toration work on a pair of
17th century portraits by
Dutch master Rembrandt.
The portraits of a newly married Dutch
couple were jointly bought in 2015 by the
Netherlands and France for €160 mil-
lion (RM770.54 million) from the wealthy
Rothschild banking family in an unprec-
edented deal.
Teams from the Louvre in Paris and
the Rijksmuseum in Amsterdam spent
the past 18 months researching the paint-
ings, before carefully removing at least six
layers of old varnish as part of “an exciting
adventure” to restore the canvases.
“They are undoubtedly completely
painted by Rembrandt up to the smallest
detail,” Rijksmuseum general director Taco
Dibbits told reporters on Monday, add-
ing they were Rembrandt’s first and only
full-length portraits of a married couple.
Wrangling over the portraits, captured
around the time of the couple’s wedding
in 1634, had threatened to sour relations
between France and the Netherlands.
But the accord reached to avoid a bidding
war will now see the two portraits alternate
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
between the Rijksmuseum and the Louvre.
Affluent Amsterdam couple Marten
Soolmans, 20, and Oopjen Coppit, 22,
commissioned Rembrandt to paint the
separate portraits.
Both dressed fashionably in black with
white lace ruffles, Soolmans is depicted
holding a glove in his left hand, while
Coppit holds a gold chain topped by a
black-feathered fan and wears a four-row
pearl necklace, with a band of pearls in
her hair.
Using sophisticated scientific tech-
niques, including ultraviolet scans, X-rays
and macro X-ray fluorescence, restorers
determined the two paintings once shared
the same large piece of canvas.
It remains unknown, however, if the
portraits were painted together and then
separated, although restorers believe the
canvas was split prior to painting.
Close analysis also revealed hidden
details, such as doorways behind each
person which Rembrandt later covered
over by painting in a simple black curtain
as a background.
The restoration has infused the paint-
ings with new light, to show off the “incred-
ible modernity” of Rembrandt’s original
work, said Dibbits.
The details stand out, such as the ex-
quisite lace ruffles on Marten’s shoes. It
“feels as if you press them they will bounce
back”, he said.
Sebastien Allard, head of the Louvre’s
paintings department, praised what he
called “an innovative” project, which
after complicated negotiations “finally
came to a European solution to protect
PHOTO BY AFP
cultural heritage”.
The project was a first for the team of
restorers, who under a “prenup” agree-
ment had to collaboratively agree on every
detail of the restoration, Dibbits quipped.
Discussions are still underway as to
how the paintings will be framed when
they go back on exhibition — the Louvre
preferring gilt frames, while the Rijksmu-
seum prefers plain black wood.
For Anne Lepage, a restorer with the
Louvre, it proved an enriching experience
as the two teams shared their techniques,
as they approached the two portraits with
“great respect”.
“You never touch a painting without
having done research, analysis and work-
ing with the archives. It’s like putting to-
gether a file on a sick person before even
intervening,” she told AFP.
She said restorers always felt the weight
of the painting’s history and heritage, say-
ing the aim was to “transmit it as close to
the original as possible”.
The canvases had been viewed publicly
only once in the past 150 years, during a
1956 exhibition at the Rijksmuseum, as
since being acquired by the Rothschilds
in the late 19th century, they had been
mainly hung in a bedroom.
The works will now go on show in the
Rijksmuseum from March 6 in an exhibi-
tion called “High Society” and then move
back to the Louvre.
They are due to alternate between the
two museums every five years and then
every eight years. Under the terms of the
deal, they cannot be lent to any other es-
tablishment. — AFP

WED N ES DAY F E B RUA RY 21 , 2018 • T HE ED G E FINA NCIA L DA ILY
WATCHES BY STEP HEN P ULV IRENT
iPod inventor explains the year’s coolest new watch
JUST a few days before Salon Internation-
al de la Haute Horlogerie Geneve (SIHH)
2018 officially opened its doors in Geneva,
Belgian watch brand Ressence dropped the
Type 2 e-Crown Concept, a new mechanical
watch. While this concept watch still uses
a fully mechanical movement to tell the
time, it also contains the new “e-Crown”
module, an electronic mechanism used to
set the watch and to make sure it always
shows the correct time. As we mentioned
upon introducing the Type 2 e-Crown Con-
cept, it’s a complex system that bears some
real explanation. So, we spoke to Ressence
founder Benoit Mintiens and technologist
Tony Fadell — founder of Nest and iPod
inventor — for the full story of this watch
from the two men who created it.
A winder inside the watch
The first question we heard from most peo-
ple at SIHH when first seeing the e-Crown
Concept was, “Wait, is it mechanical?” The
answer is a simple, “Yes, 100%.” As Mintiens
describes it, in a typical watch the move-
ment is connected directly to the hands.
Here, however, the e-Crown technology
sits between them. If you don’t ever want
to use the e-Crown, you don’t have to and
the watch will function just like Ressence’s
other mechanical watches.
Expanding on that idea, Fadell says he
thinks about the e-Crown as taking some-
thing that already exists and improving
upon it: To him, the e-Crown is like tak-
ing a watch winder and placing it inside
the watch itself. Instead of having to keep
your automatic watch wound to keep it on
time, you can rely on the e-Crown to set
it back to a digital timekeeping standard
as soon as you pick it up and tap on the
crystal, even if the power reserve has been
completely wound down for some time. It
is meant to add convenience and practi-
cality to a mechanical watch, and not to
supplant its main functions.
What it does
Conceptually, the e-Crown is actually pret-
ty straightforward. It’s the details of how it
works and how you interact with it as a user
that require a little more explanation. For
the original descriptions, I was not 100%
certain of how it all came together, but
after spending some time with the Type
2 e-Crown Concept, it’s all very intuitive.
The c-Crown mechanism sits between the mechanical movement and the watch’s display discs.
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
This is a concept watch for now, but a production model will be coming later this year. Photos by Hodinkee
Most importantly, the e-Crown allows
the watch to set itself to the correct time af-
ter the power has run down. Normally, you
would have to manually reset your watch
after letting the barrel fully wind down, but
the e-Crown checks the position of the hands
(or discs) against the digitally registered time
and adjusts them to match — just tap on the
crystal and you’re good to go. The e-Crown
can also adjust the watch on the fly, keep-
ing it accurate to the second and basically
making natural daily variation irrelevant.
To add something more interactive to
the mix, you can set two different time
zones and adjust them from within the
app. That way, you simply get off your flight,
open the app, tap once, and your watch sets
itself to your new time zone, accurate to
the second. More features could be add-
ed in future, but Ressence wanted to keep
things tight and purpose-driven to start.
Power
All of these additional features require pow-
er, just like the mechanical timekeeping
functions do. For the e-Crown, the main
power reserve is a battery (as you would
expect), but there is also a mechanical bar-
rel. The part of the e-Crown that captures
kinetic energy first stores that energy in a
mechanical barrel. That barrel then rapidly
unwinds when it reaches a certain capacity,
in turn charging up the battery. To generate
electronic energy, a certain burst is needed,
so this is really the only efficient solution.
Remember, though, one of the ideas here
is that the watch can continue keep ing track Originally published by Stephen Pulvirent
of the correct time when it is not being worn on Hodinkee.
These 10 shutters open to expose photovoltaic cells to charge the battery when it dips below 50%.
live it! 23
(and thus wound). To solve this problem,
Ressence integrated 10 photovoltaic cells
in an array just below a special section of
the dial. When the power dips below 50%,
a set of shutters on the dial opens up to ex-
pose the cells, capturing light and turning
it into energy for the e-Crown.
It is worth noting that Ressence has
not conceived this as a gadget meant to
be played with throughout the day. The
amount of energy required to check the
time and move the discs into a new posi-
tion is not insignificant, so you cannot sit
and adjust the watch over and over without
running the battery down. Ressence is not
giving an exact battery life, but it is at “nor-
mal use”, meaning the watch is adjusting
itself no more than a few times per day.
The future
While the Type 2 e-Crown Concept shown
at SIHH is just that, a concept watch, a
production version of the Type 2 is com-
ing later this year. The basic look and feel
will likely be very similar to the concept,
though there will be aesthetic and technical
refinements, a different dial treatment and
more. There is no firm pricing at this point,
but we are told it should be “similar to that
of the Type 3” at US$42,200 (RM164,580).
Thinking long term , the implications of
this technology could extend well beyond
just one brand. There is nothing about
the e-Crown technology at its core that
restricts it to Ressence watches and the
orbital gear system. If Ressence were to
license this technology to other brands
or others were to develop their own simi-
lar mechanisms, we could see automatic
setting and iPhone or mechanical watch
interactions become more mainstream.
In the 21st century, mechanical watch-
es are a purposeful anachronism. There is
plenty to love when looking to the past, but
to ensure that mechanical watches remain
relevant, enticing and interesting to a new
generation of collectors and enthusiasts,
contemporary watchmakers need to con-
tinue innovating and be open to new ideas.
The e-Crown should serve as an example
to the watch industry on how to respect the
past while shaping the future. — Bloomberg
2 4 S P O RT S
Third doping scandal hits Games
It cast a dark shadow over the magic on ice
BY C H ARL ES WH EL A N
PYEONGCHANG: The Pyeong-
chang Winter Olympics was hit
by a third doping scandal yester-
day, casting a dark shadow over
the magic on ice served up by peer-
less Canadians Tessa Virtue and
Scott Moir.
Slovenian ice hockey player Ziga
Jeglic failed a drug test and has been
banned from the Olympics, the
Court of Arbitration for Sport said.
A day earlier, a Russian bronze
medallist in curling was suspended
over suspected doping and a Japa-
nese short-track speed skater was
kicked out of the Games in South
Korea last week.
Jeglic, 29, who plays professional
ice hockey in Russia, tested positive
‘Man United
believe they can
lift Champions
trophy’
BENGALURU: Winning the
Champions League this sea-
son is not beyond Manchester
United but the Premier League
club must take it one game at a
time, wing-back Ashley Young
has said.
United have progressed to
the Champions League knock-
out stages for the first time since
the 2013-14 campaign but Man-
chester City, Spain’s Barcelona
and Real Madrid along with
Paris St Germain are considered
favourites for the title.
United, who won the Europa
League last season, make a trip
to Sevilla in the first leg of their
last-16 tie today and England in-
ternational Young believes they
can prove their doubters wrong.
“Of course [we can win the
Champions League],” Young
told the British media. “You
don’t enter a competition not
to win it. That’s what we will
be looking to do and take each
game as it comes.
“The next one is against Se-
villa. That’s a tough away game
like Huddersfield, like New-
castle away. That’s what the
stadium is like. We just have
to concentrate on ourselves.”
After a shock league defeat to
Newcastle United this month,
Jose Mourinho’s side received
a confidence boost with a 2-0
win over Huddersfield Town in
the FA Cup on Saturday.
Striker Romelu Lukaku
scored both goals for Unit-
ed with Juan Mata and Alexis
Sanchez bagging an assist each.
“When you have a striker
scoring goals, it’s always im-
portant. His (Lukaku) hold-up
play, his all-round game was
fantastic at Huddersfield, and
he’s done that all throughout the
season,” Young said. — Reuters
for fenoterol, a banned substance
used to treat breathing difficulties,
and was given 24 hours to quit the
Olympic Village.
The latest drug scandal hit just
after one of the high points of the
Games — the gold medal-winning
performance of Virtue and Moir
to clinch victory in the ice dance.
They skated last after watching
French rivals Gabriella Papadakis
and Guillaume Cizeron break their
own free dance record and top the
standings with the best combined
total of their careers.
The pressure was unbearable but
Virtue and Moir showed no signs
of buckling, skating out a flawless
routine to Roxanne from Moulin
Rouge in what may well be their last
hurrah on the world stage. — AFP
Eugene 2021 organiser put on
leave as US track chief
BY GENE CHERRY
NORTH CAROLINA: Vin Lananna,
the chief organiser of Oregon’s 2021
World Athletics Championships,
has been temporarily placed on
administrative leave as president of
USA Track & Field (USATF) while
the US justice department inves-
tigates bids by Eugene and other
athletics championships, USATF
said on Monday.
The decision comes after the US
athletics governing body said it re-
cently learned Lananna and Track-
Town USA were contacted by fed-
eral law enforcement months ago.
“USATF has no reason to believe
Virtue, Moir: We skated with our hearts
BY NICK REEV ES
GANGNEUNG (South Korea): Can-
ada’s Tessa Virtue and Scott Moir
planned to guzzle some champagne
to toast their sparkling record-break-
ing ice dance triumph yesterday,
which saw them become the most
decorated Olympic skaters of all time.
In what is almost certainly their
final appearance on the world stage,
the Vancouver 2010 champions
looked destined for silver after
French rivals Gabriella Papadakis
and Guillaume Cizeron appeared
to have stolen the show in Pyeo-
ngchang, breaking their own free
dance and combined score mark.
But skating last, Virtue and Moir
pulled out the dance of their lives un-
der incredible pressure to earn 122.40
for a combined record total of 206.07
points and the gold medal, narrowly
bettering the French duo’s 205.28.
“We didn’t see them dance. We
were very much in our world. We
didn’t even see their score,” said
the 28-year-old Virtue.
Jeglic scoring the game-winning goal against Slovakia during a penalty-shot shoot-
out during the Pyeongchang 2018 Winter Olympic Games at Kwandong Hockey Centre
in Gangneung on Saturday. Photo by AFP
TrackTown and/or Lananna have
done anything wrong and under-
stand that they have been told that
they are not a target of the investi-
gation,” USATF board chair Steve
Miller said in a statement.
“But to avoid any conflict or ap-
pearance of conflict of interest in re-
lation to the investigation, the board
voted to place Lananna on tempo-
rary administrative leave until the
department of justice investigation
pertaining to TrackTown and the 2021
World Championships is resolved.”
Lananna, who is also the pres-
ident of TrackTown USA, said he
disagreed with the decision.
“To be honest, I am surprised
Moir added: “We knew today
(yesterday) we’d put in a fantastic
performance — gave it all we had
— we skated with our hearts.
“We were present. We were to-
gether. We knew we were happy.
Gabby and Guillaume are a good
team. We knew it would be a fight
right to the end.”
In bronze, almost 13 points be-
hind, came American brother and
sister act Maia and Alex Shibutani.
For Virtue and Moir, 30, this was
a record fifth medal to go with their
Vancouver gold and the silvers they
won in the team and ice dance at
Sochi, and gold in last week’s team
event in Pyeongchang.
“We’re going to celebrate with
some champagne,” smiled Virtue.
— AFP
Virtue and Moir competing in the
ice dance free dance of the figure
skating event during the Pyeongchang
2018 Winter Olympic Games at the
Gangneung Ice Arena in Gangneung
yesterday. Photo by AFP
WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH E EDGE FI N AN C I AL DAI LY
and taken aback at the board’s de-
cision,” he said in a statement.
“I have been committed to track
and field and the members of this
federation for over 40 years, and
I am dedicated to continuing my
service to the sport.
“I do not agree that this action
was necessary.”
Board member Mike Conley, the
1992 Olympic gold medallist in the
triple jump, will temporarily serve
as USATF president.
USATF said it had learned in the
last 10 days that media reports of a
federal investigation into the award-
ing of the 2021 World Champion-
ships were confirmed. — Reuters
IN BRIEF
Champions Cup organiser
to summon Toulon owner
PARIS: European Professional
Club Rugby has opened dis-
ciplinary proceedings against
Toulon owner Mourad Boud-
jellal after he defended Mathieu
Bastareaud following the French
international’s homophobic re-
marks. Bastareaud made the
comments during a 36-0 Cham-
pions Cup victory against Ben-
etton Treviso last month before
apologising on social media.
Boudjellal, however, told the
French rugby website rugbyra-
ma.fr: “At no point did Mathieu
Bastareaud make a judgement
on the sexual orientation of the
player in question. I’m not hom-
ophobic, but I’ve called some-
one a faggot. It’s become normal.
It’s the first thing that comes to
mind in an argument.” — Reuters
Strong winds strike Pyeo-
ngchang Games again
PYEONGCHANG: Strong winds
which have played havoc with
the Pyeongchang Winter Olym-
pics have forced another event to
be disrupted with the women’s
snowboard Big Air finals moved
forward to tomorrow. The Games
in South Korea were particularly
hard hit by the weather in the first
week with temperatures plung-
ing well below freezing and gusty
winds causing the rescheduling
of several dates in the prestigious
alpine skiing programme. “Due
to predicted strong winds, the la-
dies’ snowboard Big Air finals will
be advanced by one day to Thurs-
day, Feb 22 (initially scheduled
for Friday, Feb 23),” the organiser
said in a statement. — AFP
Muguruza to play in
Birmingham
BENGALURU: Spain’s Garbine
Muguruza will prepare for the
defence of her Wimbledon title
by playing the Birmingham Clas-
sic on grass in June, the tourna-
ment organiser said on Monday.
Two-times Grand Slam winner
Muguruza, who defeated Venus
Williams to claim her maiden
Wimbledon title, will join British
No 1 Johanna Konta and twice
Wimbledon champion Petra Kvi-
tova in the field at Edgbaston
Priory Club. “Winning my first
Wimbledon title was so special
and I can’t wait to play in front of
British crowds again,” the world
No 3, who reached the semi-fi-
nals in Birmingham last year, said
in a statement. — Reuters
‘Tottenham can fulfil
Champions League dream’
BENGALURU: Tottenham Hot-
spur have the right mix to win
their first-ever Champions
League title this campaign, the
Premier League club’s winger
Lucas Moura has said. The north
London outfit are unbeaten in
Europe this season, finishing
top of their group, and earned a
hard-fought 2-2 draw with Italian
champions Juventus in the first
leg of their last-16 tie in Turin
last week. Brazilian midfielder
Moura, who joined Spurs from
Paris St Germain last month,
urged his teammates to main-
tain their momentum. — Reuters
WED N ES DAY F E BRUA RY 21 , 2018 • 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)
1.694 0.785 0.860 0.835 2674 ALCOM 0.855 0.020 585.9 0.845 7.40 23.98 114.9
Sectorial Movement 1.070 0.370 0.540 0.530 4758 ANCOM 0.530 0.005 312.4 0.532 6.18 — 116.0
3.980 2.170 3.730 3.660 6556 ANNJOO 3.670 -0.050 847.2 3.690 9.43 2.86 1,981.6
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.551 0.070 0.080 0.075 9342 ANZO 0.080 UNCH 1870.4 0.080 133.3 — 70.5
1.160 0.890 — — 5568 APB 0.890 — — — 26.33 7.30 100.5
KLSE COMPOSITE 1,855.99 -1.33 -0.07 TECHNOLOGY 39.35 0.36 0.92
4.090 3.291 3.600 3.600 5015 APM 3.600 UNCH 1 3.600 17.01 4.03 725.8
KLSE INDUSTRIAL 3,242.98 -35.26 -1.08 FTSE BURSA 100 12,953.95 -15.64 -0.12 1.185 0.800 0.835 0.835 7214 ARANK 0.835 -0.025 5 0.835 6.74 3.89 100.2
CONSUMER PRODUCT 671.07 1.87 0.28 FTSE BURSA MID 70 16,264.05 -41.24 -0.25 1.290 0.700 1.090 1.050 7162 ASTINO 1.060 -0.010 714.3 1.070 7.55 0.94 290.6
1.185 0.521 0.940 0.930 7099 ATTA 0.930 -0.005 111 0.932 3.93 8.49 144.3
INDUSTRIAL PRODUCT 180.84 -1.28 -0.70 FTSE BURSA SMALL CAP 16,772.72 -24.03 -0.14
0.495 0.195 — — 7181 ATURMJU 0.215 — — — — — 13.1
CONSTRUCTION 308.28 -1.18 -0.38 FTSE BURSA FLEDGLING 18,490.67 -77.47 -0.42 2.522 1.710 — — 8133 BHIC 1.950 — — — 5.42 2.56 484.5
TRADE & SERVICES 238.23 -0.54 -0.23 FTSE BURSA EMAS 13,250.80 -16.20 -0.12 0.570 0.330 0.400 0.380 7005 BIG 0.400 0.005 124.9 0.387 — — 19.2
0.580 0.115 0.420 0.415 7187 BKOON 0.420 UNCH 27 0.419 131.25 — 120.6
KLSE FINANCIAL 17,781.81 1.59 0.01 FTSE BUR M’SIA ACE 6,334.33 -74.27 -1.16
1.091 0.770 0.780 0.775 0168 BOILERM 0.775 UNCH 666.7 0.778 19.09 1.94 399.9
KLSE PROPERTY 1,193.40 -6.54 -0.55 FTSE BUR EMAS SHARIAH 13,575.32 -29.40 -0.22 1.970 1.130 1.220 1.210 6297 BOXPAK 1.220 0.050 40 1.218 — — 146.5
KLSE PLANTATION 8,060.44 12.33 0.15 FTSE BUR HIJRAH SHARIAH 14,999.94 -40.00 -0.27 1.531 0.950 0.980 0.970 5100 BPPLAS 0.970 0.010 20.9 0.975 13.62 8.25 182.1
0.316 0.235 0.245 0.240 9938 BRIGHT 0.245 0.005 20.3 0.245 — — 50.3
KLSE MINING 915.94 -20.27 -2.17 FTSE/ASEAN 40 12,099.86 -59.44 -0.49
0.800 0.305 0.650 0.650 7221 BSLCORP 0.650 -0.030 53.5 0.650 19.17 — 63.7
0.365 0.210 0.295 0.260 7188 BTM 0.270 -0.015 8571.5 0.281 50.00 — 36.8
3.489 2.660 2.800 2.740 5105 CANONE 2.800 0.080 18.6 2.775 7.60 1.43 538.0
0.035 0.005 — — 5229 CAP 0.010 — — — — — 13.6
2.132 1.640 1.700 1.680 7076 CBIP 1.700 0.030 400.8 1.691 9.32 3.53 915.0
2.350 1.283 2.230 2.180 2879 CCM 2.200 0.020 211.8 2.207 44.62 6.82 368.9

Bursa Malaysia Main Market 1.750 1.380 1.420

1.240 1.020
1.896 1.574 1.750
—
1.420
—
1.700
8435
8044
5007
CEPCO
CFM
CHINWEL
1.420
1.070
1.700
0.020
—
-0.070
—
2

4
1.420
—
1.741
—
—
9.75
—
—
4.00
63.6
43.9
509.2
2.650 1.690 2.640 2.580 5797 CHOOBEE 2.580 -0.050 112.1 2.602 7.90 2.33 283.5
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.150 0.940 — — 8052 CICB 1.000 — — — 23.87 — 50.0
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.070 0.040 0.050 0.050 7018 CME 0.050 UNCH 1223 0.050 — — 24.3
CONSUMER PRODUCTS 4.628 3.300 4.350 4.320 2852 CMSB 4.340 UNCH 994.9 4.335 18.57 1.45 4,662.8
0.725 0.380 0.415 0.410 7120 ACOSTEC 0.410 0.010 37 0.414 — — 72.9 0.840 0.320 0.525 0.525 7986 CNASIA 0.525 UNCH 1 0.525 1.02 — 23.8
5.800 4.435 5.010 4.940 7090 AHEALTH 4.940 -0.070 116.3 4.959 15.07 2.33 578.7 1.490 1.141 1.280 1.270 5071 COASTAL 1.270 -0.030 10 1.278 13.67 1.57 675.1
24.759 13.427 20.880 20.660 2658 AJI 20.800 0.200 34 20.74 6.77 2.02 1,264.6 1.150 0.670 0.750 0.730 7195 COMCORP 0.745 -0.010 418.9 0.744 9.71 — 104.3
0.390 0.240 0.300 0.300 7051 AMTEK 0.300 0.015 0.5 0.300 — — 15.0 1.220 0.670 1.130 1.060 2127 COMFORT 1.120 0.050 3478.5 1.108 17.18 — 629.4
5.202 4.200 4.260 4.260 6432 APOLLO 4.260 UNCH 2.5 4.260 22.10 5.87 340.8 1.942 1.460 1.620 1.590 5094 CSCSTEL 1.600 -0.030 861.9 1.604 9.88 6.25 608.0
1.110 0.800 — — 7722 ASIABRN 0.830 — — — — — 65.7 0.804 0.600 0.600 0.600 7157 CYL 0.600 -0.005 5 0.600 48.00 6.67 60.0
3.413 2.540 2.690 2.660 7129 ASIAFLE 2.660 0.010 171.1 2.662 8.28 6.02 518.1 0.405 0.305 — — 5082 CYMAO 0.320 — — — — — 24.0
48.735 29.300 30.360 29.880 4162 BAT 29.900 -0.340 179.1 29.98 17.32 5.65 8,537.3 2.400 2.180 2.400 2.380 8125 DAIBOCI 2.400 UNCH 16.6 2.390 30.26 1.90 787.0
0.120 0.050 0.055 0.050 7243 BIOOSMO 0.055 UNCH 832.6 0.051 — — 43.7 2.000 0.615 1.820 1.730 8176 DENKO 1.730 -0.060 83 1.767 — — 383.9
0.718 0.470 0.510 0.505 9288 BONIA 0.505 UNCH 172.3 0.505 16.40 2.48 407.2 0.460 0.240 0.330 0.325 7114 DNONCE 0.325 -0.005 116.3 0.327 31.55 — 62.5
1.110 0.850 0.910 0.900 7174 CAB 0.900 UNCH 117.1 0.901 6.40 0.56 562.2 0.425 0.165 — — 5835 DOLMITE 0.190 — — — — — 54.1
1.370 0.380 1.130 1.070 7154 CAELY 1.080 UNCH 2139.6 1.100 49.32 0.93 86.4 0.350 0.140 0.150 0.145 5265 DOLPHIN 0.145 -0.005 678.2 0.147 — — 35.4
0.415 0.260 0.360 0.355 7128 CAMRES 0.355 UNCH 62.9 0.360 17.15 2.82 69.9 1.400 1.108 — — 7169 DOMINAN 1.290 — — — 9.09 4.65 213.2
18.000 13.399 18.000 17.780 2836 CARLSBG 18.000 0.200 117.1 17.96 24.88 4.22 5,503.5 2.750 1.302 2.560 2.500 1619 DRBHCOM 2.500 -0.020 8122.9 2.531 8.17 0.40 4,833.1
1.230 0.607 1.200 1.160 7035 CCK 1.160 -0.010 1046.5 1.180 12.62 1.72 365.8 1.582 0.781 1.160 1.140 7233 DUFU 1.140 -0.020 80.1 1.152 5.67 4.82 200.0
3.030 1.943 2.900 2.790 7148 CCMDBIO 2.800 -0.120 355.4 2.822 19.93 2.32 781.1 0.835 0.510 0.560 0.545 8907 EG 0.560 0.005 310.9 0.553 5.20 — 149.2
2.520 2.000 — — 2828 CIHLDG 2.070 — — — 10.15 3.86 335.3 1.070 0.780 — — 9016 EKSONS 0.820 — — — — — 134.7
0.145 0.020 0.100 0.095 5188 CNOUHUA 0.100 0.005 573 0.095 — — 66.8 0.843 0.518 0.765 0.745 7217 EMETALL 0.760 -0.005 252.2 0.757 7.65 3.29 143.1
3.200 2.042 2.600 2.500 7205 COCOLND 2.500 0.080 6.5 2.580 14.17 6.20 572.0 0.885 0.385 0.485 0.440 7773 EPMB 0.485 -0.025 6.5 0.475 — — 80.5
1.906 1.490 1.620 1.590 7202 CSCENIC 1.620 0.040 44.1 1.599 15.91 6.17 195.2 0.968 0.510 0.575 0.555 5101 EVERGRN 0.555 -0.005 1185 0.563 9.49 3.60 469.8
0.095 0.010 — — 5214 CSL 0.010 — — — — — 12.4 1.690 1.100 1.580 1.570 2984 FACBIND 1.570 UNCH 18 1.574 15.35 2.55 133.7
0.773 0.475 0.505 0.500 9423 CWG 0.500 0.005 19 0.503 3.29 3.00 63.1 2.862 2.492 2.700 2.620 7229 FAVCO 2.670 0.030 113.7 2.667 8.14 5.62 591.1
0.045 0.025 0.040 0.035 7179 DBE 0.040 UNCH 16158.8 0.036 — — 107.1 0.780 0.537 — — 0149 FIBON 0.555 — — — 19.41 1.98 54.4
1.040 0.807 — — 7119 DEGEM 0.985 — — — 12.33 2.54 132.0 2.221 2.000 2.050 2.000 3107 FIMACOR 2.000 -0.070 1 2.010 17.42 6.25 490.5
65.000 51.497 65.000 64.880 3026 DLADY 64.900 0.080 10.2 64.94 30.87 1.54 4,153.6 1.870 1.100 1.180 1.150 5197 FLBHD 1.150 -0.030 98.5 1.162 9.57 — 118.7
0.110 0.065 0.080 0.080 7182 EKA 0.080 UNCH 280 0.080 — — 25.0 0.679 0.300 0.330 0.315 5277 FPGROUP 0.320 -0.010 2071.4 0.321 16.49 2.22 165.8
0.360 0.210 0.220 0.215 9091 EMICO 0.215 UNCH 69.5 0.217 — — 20.6 1.510 1.310 — — 3611 GBH 1.420 — — — 73.96 — 265.0
1.823 1.230 — — 7149 ENGKAH 1.230 — — — 72.78 4.88 87.0 2.620 1.300 1.550 1.480 7197 GESHEN 1.540 0.100 75.1 1.499 7.85 — 123.2
0.270 0.150 0.270 0.230 7208 EURO 0.265 0.025 10459.1 0.256 — — 70.8 0.085 0.040 0.055 0.050 5220 GLOTEC 0.050 UNCH 24514 0.050 — — 269.1
0.760 0.625 — — 7094 EUROSP 0.700 — — — 31.96 — 31.1 0.540 0.185 0.215 0.200 7192 GOODWAY 0.205 -0.025 420 0.205 — — 22.7
31.000 22.138 30.100 29.980 3689 F&N 30.000 0.020 342.8 30.02 36.29 1.92 11,003.4 0.135 0.085 0.095 0.090 7096 GPA 0.095 0.005 745.1 0.090 — — 93.1
1.070 0.815 — — 2755 FCW 0.850 — — — — 1.76 212.5 0.425 0.220 0.235 0.235 5649 GPHAROS 0.235 UNCH 10 0.235 — — 31.6
0.850 0.445 0.485 0.470 8605 FFHB 0.475 -0.005 118.1 0.476 11.12 2.53 51.8 0.250 0.170 0.180 0.180 0136 GREENYB 0.180 UNCH 10 0.180 — 1.67 60.1
2.040 0.830 1.830 1.780 9172 FPI 1.800 -0.020 345.5 1.799 12.99 3.33 445.2 1.005 0.630 0.700 0.695 3247 GUH 0.700 UNCH 18.9 0.698 19.07 4.81 194.5
1.100 0.720 — — 7184 G3 0.760 — — — — — 313.5 1.180 0.475 1.120 1.110 5151 HALEX 1.110 UNCH 60.1 1.112 — — 117.7
2.200 0.869 1.960 1.900 5102 GCB 1.950 -0.020 317.7 1.940 10.46 1.28 936.3 12.180 4.605 11.940 11.720 5168 HARTA 11.820 0.060 1013.7 11.84 47.24 1.02 19,557.5
3.440 2.483 3.110 3.070 5606 GOLDIS 3.070 -0.030 60.2 3.107 8.68 0.65 1,877.4 19.200 2.830 15.680 14.020 4324 HENGYUAN 14.120 -0.900 6180.7 14.87 4.54 — 4,236.0
0.135 0.045 0.075 0.070 5187 HBGLOB 0.075 0.005 518.7 0.073 15.31 — 35.1 1.727 0.885 0.940 0.910 5095 HEVEA 0.920 0.020 2424.8 0.926 6.09 8.37 513.9
20.540 15.809 20.400 20.300 3255 HEIM 20.400 0.100 24.9 20.35 22.82 4.41 6,162.8 1.136 0.720 0.740 0.735 3298 HEXZA 0.740 0.010 201.4 0.738 — 6.76 148.3
11.200 8.799 11.200 10.500 3301 HLIND 11.200 0.700 223.1 10.84 25.76 3.13 3,672.5 0.520 0.295 0.515 0.505 5072 HIAPTEK 0.510 -0.005 7662.2 0.510 — — 679.8
0.975 0.725 0.755 0.740 5160 HOMERIZ 0.745 0.005 597.5 0.749 7.70 5.64 223.5 1.170 0.375 1.050 0.975 5199 HIBISCS 0.980 -0.060 47558.3 1.007 38.43 — 1,556.5
0.380 0.300 0.350 0.350 7213 HOVID 0.350 UNCH 404 0.350 — — 287.3 1.340 0.872 1.230 1.220 7033 HIGHTEC 1.230 -0.010 4 1.225 7.90 2.85 50.0
1.237 1.050 1.100 1.100 5024 HUPSENG 1.100 0.010 5.7 1.100 19.78 4.55 880.0 1.020 0.680 0.840 0.840 8443 HIL 0.840 0.045 1 0.840 16.70 1.49 280.6
0.630 0.350 0.395 0.385 8478 HWATAI 0.390 -0.005 81.5 0.394 27.46 — 29.2 0.715 0.300 — — 5165 HOKHENG 0.365 — — — 25.52 — 29.2
4.760 1.440 1.590 1.530 5107 IQGROUP 1.550 0.050 37 1.546 7.92 7.10 136.4 0.665 0.030 0.590 0.545 2739 HUAAN 0.565 0.005 98791.5 0.568 — — 634.1
1.546 1.121 1.250 1.240 7152 JAYCORP 1.240 -0.010 77.3 1.248 6.77 8.87 170.2 2.809 1.880 2.010 2.010 5000 HUMEIND 2.010 0.020 2 2.010 — 1.00 963.0
0.740 0.435 0.475 0.435 8931 JERASIA 0.475 0.035 0.5 0.459 13.19 — 39.0 0.085 0.045 0.070 0.070 9601 HWGB 0.070 UNCH 4207.9 0.070 — — 69.9
1.715 1.160 1.250 1.220 7167 JOHOTIN 1.220 UNCH 458.7 1.224 8.79 2.77 378.8 1.986 1.634 — — 7222 IMASPRO 1.820 — — — 18.80 1.92 145.6
2.382 1.030 1.080 1.050 5247 KAREX 1.060 UNCH 881.1 1.062 44.17 0.94 1,062.5 0.290 0.120 0.135 0.125 7183 IRETEX 0.125 -0.020 244.5 0.128 — — 17.3
3.800 2.580 2.740 2.630 7216 KAWAN 2.640 0.010 26.2 2.638 31.17 0.71 949.1 0.085 0.050 0.065 0.060 7223 JADI 0.065 UNCH 346.5 0.060 — — 61.2
0.235 0.130 — — 8303 KFM 0.175 — — — — — 11.9 0.175 0.130 — — 8648 JASKITA 0.135 — — — — 7.41 60.7
0.907 0.670 0.710 0.700 6203 KHEESAN 0.710 0.035 10 0.705 23.28 2.11 73.8 1.120 0.920 1.050 1.010 7043 JMR 1.010 -0.060 31.7 1.050 180.36 2.97 128.1
2.537 1.860 — — 7062 KHIND 1.880 — — — 34.00 0.53 75.3 0.310 0.190 0.220 0.215 0054 KARYON 0.215 UNCH 714.9 0.217 19.55 1.40 102.3
2.184 1.275 1.860 1.860 0002 KOTRA 1.860 -0.040 46.2 1.860 16.92 2.15 248.5 0.772 0.450 — — 7199 KEINHIN 0.505 — — — 9.69 2.69 55.0
0.140 0.055 0.100 0.100 5172 KSTAR 0.100 UNCH 309.4 0.100 — — 29.3 0.495 0.300 — — 6211 KIALIM 0.325 — — — — — 20.1
5.839 3.840 4.090 4.050 7006 LATITUD 4.090 0.080 31.2 4.057 6.27 2.93 397.6 3.080 2.760 2.900 2.900 3522 KIANJOO 2.900 -0.010 20 2.900 18.53 1.38 1,288.1
1.090 0.870 0.960 0.950 9385 LAYHONG 0.960 0.010 196.8 0.951 18.90 0.52 604.5 2.315 1.370 — — 5371 KIMHIN 1.580 — — — 10.58 3.80 245.9
0.570 0.285 0.525 0.510 8079 LEESK 0.515 -0.010 142.2 0.516 16.83 1.94 86.4 0.075 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
4.303 2.900 3.210 3.160 7089 LIIHEN 3.180 0.020 356.8 3.191 7.42 5.03 572.4 1.450 0.800 0.945 0.930 9466 KKB 0.930 -0.020 29 0.937 145.31 — 239.7
0.820 0.565 0.600 0.580 7126 LONBISC 0.580 -0.010 115 0.583 13.88 — 108.2 0.375 0.220 0.245 0.235 7164 KNM 0.235 -0.010 10614.9 0.239 — — 556.8
1.866 1.000 1.030 1.020 7085 LTKM 1.030 0.030 10 1.025 28.69 2.43 134.0 1.120 0.810 — — 6971 KOBAY 0.830 — — — 13.58 — 84.7
7.728 4.090 4.620 4.110 7087 MAGNI 4.460 0.360 461.7 4.371 6.71 3.14 725.8 0.251 0.165 0.205 0.190 7017 KOMARK 0.190 -0.010 808.6 0.202 — — 31.2
0.045 0.010 0.015 0.015 5189 MAXWELL 0.015 UNCH 32.5 0.015 — — 6.0 8.790 5.529 8.740 8.630 7153 KOSSAN 8.680 -0.020 559.9 8.699 31.09 1.27 5,550.6
1.266 0.974 — — 5886 MBG 0.990 — — — 16.12 3.03 60.2 1.110 0.360 — — 7130 KPOWER 0.660 — — — — — 50.3
2.464 1.360 2.150 2.120 3662 MFLOUR 2.130 -0.020 272 2.136 14.08 3.05 1,172.1 5.098 4.460 4.600 4.600 3476 KSENG 4.600 0.100 4 4.600 21.27 2.17 1,662.8
0.920 0.740 0.785 0.750 7935 MILUX 0.785 -0.005 54 0.769 — — 42.7 0.580 0.380 0.405 0.405 5192 KSSC 0.405 UNCH 0.4 0.405 8.82 3.70 38.9
4.956 3.760 — — 5202 MSM 3.900 — — — — 3.59 2,741.6 0.775 0.355 0.475 0.440 8362 KYM 0.475 UNCH 27.5 0.448 67.86 — 71.2
0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 7.140 4.880 5.250 5.030 3794 LAFMSIA 5.250 0.150 276.3 5.170 — 3.81 4,460.9
1.826 1.250 — — 3921 MWE 1.290 — — — 2.17 1.55 298.7 0.910 0.565 0.610 0.595 9326 LBALUM 0.610 0.020 69 0.604 12.27 4.10 151.6
121.50 73.04 121.50 120.30 4707 NESTLE 121.500 1.100 84.4 121.07 49.19 2.22 28,491.8 0.601 0.425 0.565 0.560 5092 LCTH 0.560 -0.005 206.9 0.564 16.42 4.46 201.6
4.838 3.290 3.300 3.290 7060 NHFATT 3.300 UNCH 8 3.294 11.11 3.33 248.0 6.530 4.140 5.220 5.170 5284 LCTITAN 5.180 -0.030 717.2 5.186 9.69 — 11,954.4
0.130 0.050 — — 7139 NICE 0.060 — — — — — 20.0 0.985 0.525 0.930 0.885 5232 LEONFB 0.900 -0.020 675.2 0.910 4.46 1.67 279.0
0.310 0.180 0.215 0.205 7215 NIHSIN 0.205 -0.005 1539.8 0.209 58.57 — 65.8 0.440 0.130 0.290 0.290 8745 LEWEKO 0.290 -0.010 70.9 0.290 — — 93.3
0.857 0.500 0.520 0.510 5066 NTPM 0.515 UNCH 593.8 0.515 13.21 4.66 578.4 0.080 0.030 0.030 0.030 2887 LIONDIV 0.030 UNCH 4 0.030 — — 41.8
1.765 0.970 1.060 1.040 7107 OFI 1.060 0.010 29.5 1.046 15.54 3.77 254.4 1.670 0.510 1.350 1.320 4235 LIONIND 1.340 UNCH 1789 1.339 6.75 — 962.0
6.768 6.258 6.510 6.500 4006 ORIENT 6.500 UNCH 40.8 6.500 9.15 3.08 4,032.6 0.740 0.400 0.470 0.465 9881 LSTEEL 0.470 -0.005 59.5 0.469 11.03 — 60.2
5.500 2.486 5.200 5.040 7052 PADINI 5.060 -0.080 103.2 5.110 20.81 1.98 3,329.0 0.160 0.080 0.100 0.100 5068 LUSTER 0.100 UNCH 585 0.100 — — 197.6
40.631 30.301 33.780 33.500 3719 PANAMY 33.500 -0.300 0.7 33.68 16.83 3.49 2,035.0 4.660 3.400 4.020 4.010 9199 LYSAGHT 4.020 0.020 18 4.019 8.39 1.74 167.2
0.654 0.400 0.400 0.400 5022 PAOS 0.400 UNCH 33 0.400 47.06 4.00 72.5 1.400 0.464 1.380 1.340 5098 MASTEEL 1.350 -0.020 3040.5 1.362 8.82 — 576.8
0.650 0.300 0.320 0.315 9407 PARAGON 0.315 -0.005 46 0.318 — — 22.1 0.841 0.550 0.625 0.595 7029 MASTER 0.595 -0.015 87.9 0.605 7.93 1.68 32.5
0.401 0.210 0.330 0.310 6068 PCCS 0.315 -0.005 1566.1 0.317 7.08 — 66.2 1.430 1.010 1.290 1.250 5152 MBL 1.260 -0.020 436.4 1.260 8.40 3.17 124.6
1.030 0.760 0.810 0.785 5231 PELIKAN 0.810 0.010 19.2 0.806 19.42 — 448.2 0.870 0.675 — — 7004 MCEHLDG 0.730 — — — 28.63 2.05 32.4
0.707 0.561 0.605 0.600 9997 PENSONI 0.605 UNCH 22.7 0.604 10.45 3.31 78.4 0.390 0.210 0.235 0.225 3778 MELEWAR 0.235 0.005 65.5 0.228 — — 53.0
0.235 0.155 — — 4081 PMCORP 0.180 — — — — — 139.2 0.789 0.550 0.570 0.570 5223 MENTIGA 0.570 0.015 14 0.570 — 1.75 39.9
0.781 0.457 0.625 0.600 5080 POHKONG 0.605 UNCH 90 0.607 7.50 1.65 248.3 1.837 1.620 — — 6149 METROD 1.680 — — — 13.15 3.57 201.6
2.048 1.430 1.520 1.500 7088 POHUAT 1.520 0.010 71.5 1.511 5.82 5.26 354.2 1.260 0.580 0.675 0.610 5001 MIECO 0.655 0.045 12001.5 0.651 4.25 6.11 343.9
17.700 15.952 17.660 17.580 4065 PPB 17.660 0.080 442 17.62 15.79 1.42 20,935.9 0.170 0.095 0.120 0.120 7219 MINETEC 0.120 UNCH 135 0.120 — — 87.8
0.720 0.480 — — 7190 PPG 0.510 — — — — 3.92 51.0 0.622 0.426 — — 5576 MINHO 0.450 — — — 6.43 1.67 98.9
1.623 0.550 0.700 0.595 8966 PRLEXUS 0.655 0.065 2063.8 0.655 6.08 3.44 118.0 4.237 3.250 3.480 3.450 5916 MSC 3.450 -0.020 18 3.467 10.91 2.32 345.0
1.133 0.752 1.020 0.995 7134 PWF 0.995 UNCH 20.7 0.999 8.76 3.45 172.1 1.766 1.140 1.290 1.240 3883 MUDA 1.280 0.050 322 1.272 9.60 2.34 390.5
2.615 1.630 1.700 1.690 7237 PWROOT 1.700 0.010 120.6 1.695 15.60 6.76 561.3 1.030 0.475 0.555 0.540 5087 MYCRON 0.550 0.005 110.2 0.541 5.12 — 156.0
4.980 3.820 4.960 4.860 7084 QL 4.900 -0.060 57.3 4.904 39.26 0.67 7,949.9 0.225 0.005 — — 7002 NAKA 0.010 — — — — — 0.6
0.628 0.510 0.565 0.550 9946 REX 0.565 -0.005 60.5 0.560 55.94 0.88 139.3 0.265 0.090 0.120 0.110 5025 NWP 0.120 0.010 260 0.119 — — 47.1
1.890 0.780 0.875 0.805 0183 SALUTE 0.835 0.040 6347.8 0.850 20.67 2.87 324.0 1.163 0.665 0.815 0.800 4944 NYLEX 0.800 -0.015 79 0.806 6.83 2.50 155.5
1.069 0.430 0.495 0.470 5252 SASBADI 0.490 0.020 4526.5 0.484 25.13 1.37 205.4 1.925 1.234 1.520 1.500 7140 OKA 1.510 -0.010 41.6 1.512 8.52 3.64 247.0
0.590 0.315 0.460 0.460 5157 SAUDEE 0.460 UNCH 100 0.460 36.22 — 60.7 1.604 0.959 1.340 1.310 5065 ORNA 1.310 UNCH 192.5 1.316 8.13 1.91 98.6
1.710 1.000 1.650 1.570 7180 SERNKOU 1.610 0.040 79.9 1.613 64.40 — 193.2 0.130 0.043 0.090 0.085 7225 PA 0.085 -0.010 17438.6 0.090 — — 144.8
1.340 0.590 0.870 0.820 7165 SGB 0.830 -0.030 195.6 0.847 — — 163.6 8.280 6.687 8.140 8.060 5183 PCHEM 8.100 UNCH 17843.8 8.114 15.78 2.96 64,800.0
1.662 1.150 — — 7412 SHH 1.180 — — — 11.21 4.24 59.0 1.667 1.255 1.330 1.290 5271 PECCA 1.300 -0.010 505.7 1.305 18.76 3.85 244.4
1.034 0.570 0.610 0.590 7246 SIGN 0.610 0.020 297.9 0.595 7.48 4.10 146.6 7.901 3.450 3.840 3.800 5436 PERSTIM 3.800 -0.020 8.6 3.813 14.69 10.53 377.4
0.915 0.473 0.535 0.530 8532 SINOTOP 0.535 0.010 10 0.533 73.29 — 211.3 20.285 15.820 18.640 17.660 6033 PETGAS 17.800 -0.860 305.4 17.85 19.88 3.71 35,221.4
0.865 0.500 0.500 0.500 9776 SMCAP 0.500 UNCH 12 0.500 — — 30.5 15.060 4.321 12.200 11.500 3042 PETRONM 11.620 -0.260 853.2 11.91 7.50 1.89 3,137.4
0.385 0.220 — — 7943 SNC 0.320 — — — — — 21.1 2.466 1.390 1.630 1.520 7095 PIE 1.610 0.090 2271.9 1.566 13.04 1.49 618.3
2.548 2.130 — — 7103 SPRITZER 2.280 — — — 18.37 2.54 478.8 5.466 1.571 4.110 4.080 7172 PMBTECH 4.090 -0.010 17.3 4.098 27.75 0.98 327.2
1.440 1.050 1.220 1.200 7186 SWSCAP 1.220 -0.010 156.3 1.205 20.64 0.82 178.0 5.830 2.506 5.790 5.730 8869 PMETAL 5.750 UNCH 2184.1 5.750 37.34 1.04 22,214.7
0.634 0.335 0.345 0.340 7082 SYF 0.345 0.005 382.8 0.344 8.48 4.35 213.6 0.575 0.470 — — 6637 PNEPCB 0.520 — — — 20.88 — 68.4
0.505 0.360 — — 7211 TAFI 0.390 — — — — — 31.2 0.995 0.300 0.565 0.540 8117 POLY 0.560 0.030 555.2 0.559 2.52 — 89.6
1.928 1.290 1.700 1.700 4405 TCHONG 1.700 -0.030 8 1.700 — 1.18 1,142.4 0.973 0.630 0.700 0.680 8273 PPHB 0.685 -0.010 80.9 0.686 7.28 — 129.2
0.790 0.345 0.365 0.360 7200 TEKSENG 0.360 -0.005 158.3 0.361 — 5.56 125.3 0.335 0.250 — — 9458 PREMIER 0.275 — — — 916.6 — 92.7
1.170 0.850 0.960 0.960 7252 TEOSENG 0.960 -0.020 22.1 0.960 — 1.56 288.0 1.458 0.833 1.050 1.030 9873 PRESTAR 1.040 UNCH 66 1.043 4.50 3.85 212.9
1.455 1.080 — — 9369 TGL 1.180 — — — 12.98 4.24 48.1 1.110 0.840 0.900 0.895 7168 PRG 0.900 UNCH 9 0.898 195.65 0.56 272.4
1.020 0.435 0.715 0.710 7230 TOMEI 0.710 -0.005 127 0.713 6.07 — 98.4 0.330 0.105 0.255 0.245 7123 PWORTH 0.245 -0.005 4610.3 0.250 37.12 — 250.8
0.525 0.370 — — 7176 TPC 0.405 — — — — — 94.7 1.290 0.920 — — 7544 QUALITY 0.970 — — — — — 56.2
6.980 4.700 6.690 6.610 4588 UMW 6.620 -0.070 56.4 6.654 — — 7,734.1 0.750 0.460 — — 7498 RALCO 0.580 — — — — — 24.3
2.680 1.972 2.450 2.450 7757 UPA 2.450 0.020 5 2.450 3.19 3.27 195.0 5.840 5.310 — — 7765 RAPID 5.640 — — — 512.7 — 602.9
2.470 0.834 1.650 1.630 7203 WANGZNG 1.650 UNCH 72.3 1.648 18.17 2.42 264.0 0.645 0.285 0.365 0.345 5256 REACH 0.350 -0.010 1574.5 0.354 269.2 — 383.7
0.205 0.060 0.195 0.185 5156 XDL 0.195 UNCH 2604 0.192 26.00 — 263.7 0.655 0.330 0.350 0.350 7232 RESINTC 0.350 UNCH 22.7 0.350 5.98 3.43 48.0
0.665 0.365 0.560 0.555 7121 XIANLNG 0.560 0.005 145.1 0.558 — — 44.8 1.580 0.754 1.480 1.440 9741 ROHAS 1.460 0.060 307.4 1.461 — 0.68 690.1
0.110 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 0.838 0.575 0.605 0.575 7803 RUBEREX 0.590 -0.015 3676.4 0.584 8.14 2.97 148.8
2.822 2.100 2.200 2.180 5584 YEELEE 2.180 -0.020 32.6 2.195 10.90 2.06 417.7 5.194 4.076 4.170 4.130 5134 SAB 4.150 UNCH 23 4.147 12.79 1.20 568.3
1.522 1.009 1.070 1.050 5159 YOCB 1.050 -0.010 60 1.059 7.59 4.76 168.0 8.490 5.428 7.000 6.920 9822 SAM 6.920 0.120 19.1 6.968 16.56 1.49 935.4
3.190 2.015 2.500 2.500 7178 YSPSAH 2.500 -0.010 2.3 2.500 12.39 2.80 341.9 0.957 0.800 — — 7811 SAPIND 0.800 — — — 40.61 6.25 58.2
2.111 1.442 1.640 1.640 5131 ZHULIAN 1.640 -0.020 2.5 1.640 14.29 3.66 754.4 1.237 0.655 0.695 0.670 5170 SCABLE 0.695 0.035 25.5 0.671 — 4.32 220.3
INDUSTRIAL PRODUCTS 3.400 2.050 2.160 2.100 7247 SCGM 2.160 0.020 103.1 2.121 16.30 2.78 418.2
1.393 0.930 0.980 0.975 0012 3A 0.980 0.010 85.7 0.977 11.53 1.84 482.2 0.740 0.500 0.620 0.620 9237 SCIB 0.620 UNCH 7.4 0.620 15.98 — 53.2
0.210 0.090 0.125 0.115 7086 ABLEGRP 0.125 0.010 836.5 0.121 — — 33.0 9.738 6.873 8.450 8.320 4731 SCIENTX 8.400 0.070 194.4 8.388 14.38 1.90 4,107.0
0.430 0.205 — — 7131 ACME 0.320 — — — 15.53 — 69.9 0.345 0.250 0.260 0.260 7239 SCNWOLF 0.260 UNCH 2 0.260 136.84 — 22.8
0.975 0.520 0.590 0.560 7191 ADVENTA 0.590 0.010 14.5 0.563 655.56 — 90.1 0.465 0.215 — — 7366 SCOMIEN 0.280 — — — — — 95.8
2.307 1.900 — — 9148 ADVPKG 1.940 — — — 22.20 3.09 39.8 1.660 0.690 0.795 0.775 7073 SEACERA 0.795 0.005 441.1 0.785 61.15 — 297.5
0.220 0.130 — — 7146 AEM 0.140 — — — 175.00 — 41.9 0.215 0.120 0.145 0.145 5145 SEALINK 0.145 -0.005 80 0.145 — — 72.5
0.580 0.375 — — 5198 AFUJIYA 0.450 — — — 16.61 — 81.0 0.765 0.435 0.475 0.470 5163 SEB 0.475 UNCH 10 0.473 6.66 — 38.0
0.595 0.365 0.395 0.395 2682 AISB 0.395 0.025 0.2 0.395 4.91 — 57.0 1.410 0.540 0.970 0.930 5181 SIGGAS 0.960 0.005 318.3 0.947 40.51 1.25 180.0
0.913 0.550 0.575 0.565 7609 AJIYA 0.570 0.005 294.3 0.570 13.38 3.51 173.6 1.040 0.630 — — 7115 SKBSHUT 0.665 — — — 8.12 — 26.6
0.495 0.080 — — 9954 AKNIGHT 0.330 — — — — — 19.2 2.350 1.199 1.940 1.850 7155 SKPRES 1.860 -0.040 4535.9 1.898 16.99 2.23 2,325.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
2.201 1.400 1.450 1.450 7248 SLP 1.450 UNCH 1 1.450 18.54 2.72 459.6 0.876 0.646 0.770 0.750 2062 HARBOUR 0.750 -0.020 83.5 0.753 10.22 2.00 300.3
0.700 0.480 0.515 0.495 7132 SMISCOR 0.495 -0.105 6.4 0.514 — — 22.2 4.200 3.013 — — 5008 HARISON 4.000 — — — 12.31 6.25 274.0
2.580 1.129 2.370 2.280 5665 SSTEEL 2.350 -0.010 1805.5 2.326 6.29 1.28 1,017.4 1.910 0.477 1.910 1.720 0185 HSSEB 1.870 0.090 1994.6 1.850 41.01 0.41 686.2
0.300 0.115 0.190 0.190 7143 STONE 0.190 0.020 7 0.190 — — 17.1 0.195 0.050 0.110 0.105 7013 HUBLINE 0.110 -0.005 1989.1 0.110 — — 259.9
1.550 1.120 — — 6904 SUBUR 1.160 — — — — — 242.4 0.480 0.210 0.240 0.230 5255 ICON 0.230 -0.010 974.1 0.235 — — 270.8
2.128 0.980 1.100 1.070 7207 SUCCESS 1.080 -0.010 225.4 1.080 6.26 2.31 268.4 6.330 5.420 6.240 6.050 5225 IHH 6.130 -0.060 2479.3 6.118 62.36 0.49 50,508.6
2.945 1.430 1.630 1.460 7235 SUPERLN 1.630 0.170 1876.2 1.535 13.07 1.53 260.8 0.915 0.600 — — 5614 ILB 0.600 — — — — — 117.0
2.550 1.664 2.550 2.390 7106 SUPERMX 2.460 0.060 11531.9 2.485 18.43 2.44 1,673.2 0.905 0.670 — — 5673 IPMUDA 0.810 — — — — — 58.7
4.036 3.120 3.270 3.180 5012 TAANN 3.270 -0.020 134.8 3.245 11.38 4.59 1,454.6 2.077 1.630 1.700 1.700 0058 JCBNEXT 1.700 0.010 4.1 1.700 29.41 1.18 237.4
0.415 0.250 0.310 0.310 5149 TAS 0.310 UNCH 10 0.310 — — 55.8 0.400 0.290 — — 8672 KAMDAR 0.390 — — — 12.87 — 77.2
13.373 8.960 9.180 8.960 4448 TASEK 9.100 -0.100 18.6 9.043 1137.5 4.40 1,125.0 1.862 1.450 1.550 1.550 6491 KFIMA 1.550 UNCH 17 1.550 20.03 5.81 437.5
0.290 0.110 0.155 0.150 5178 TATGIAP 0.150 -0.005 125.5 0.152 — — 25.6 0.900 0.389 0.835 0.820 0151 KGB 0.830 -0.005 790.7 0.826 15.17 1.20 190.8
1.480 0.375 1.010 1.000 7097 TAWIN 1.000 UNCH 1228.4 1.008 5.66 — 64.3 1.680 0.850 — — 5035 KNUSFOR 0.950 — — — — — 94.7
2.690 1.210 1.220 1.210 7439 TECGUAN 1.210 -0.010 14 1.211 — — 48.5 1.140 0.870 0.950 0.935 5878 KPJ 0.950 UNCH 318.9 0.945 21.99 1.87 4,067.6
4.803 3.430 3.890 3.710 7034 TGUAN 3.820 0.120 205.9 3.784 8.56 3.14 520.4 1.678 1.080 1.310 1.290 5843 KPS 1.310 UNCH 77.6 1.300 17.19 4.77 653.7
2.140 1.500 1.560 1.560 7374 TIENWAH 1.560 UNCH 5 1.560 9.54 6.41 225.8 0.570 0.485 — — 9121 KPSCB 0.500 — — — 8.73 — 73.9
0.800 0.550 — — 7854 TIMWELL 0.640 — — — 30.48 — 57.0 0.225 0.120 0.130 0.130 4847 KTB 0.130 UNCH 23 0.130 — — 52.4
1.069 0.925 0.980 0.960 7285 TOMYPAK 0.960 -0.015 68.2 0.962 9.95 3.33 402.9 0.628 0.370 0.485 0.460 6874 KUB 0.470 0.010 4622.4 0.472 10.54 2.13 261.5
4.292 1.919 4.000 3.930 5010 TONGHER 4.000 0.100 28 3.965 9.99 9.50 629.7 0.340 0.160 0.185 0.160 7170 LFECORP 0.185 0.005 94.8 0.181 — — 34.4
10.000 4.467 9.730 9.480 7113 TOPGLOV 9.630 0.050 3933.8 9.628 33.46 1.51 12,113.0 0.835 0.450 0.750 0.705 8486 LIONFIB 0.710 0.005 25.4 0.708 5.96 — 164.4
0.850 0.510 0.720 0.660 7173 TOYOINK 0.720 0.060 362 0.710 — — 77.0 0.890 0.720 0.775 0.745 5143 LUXCHEM 0.770 UNCH 517.7 0.764 15.62 3.03 651.2
0.230 0.160 — — 4359 TURIYA 0.180 — — — 900.0 — 41.2 0.372 0.160 0.175 0.170 5078 M&G 0.170 UNCH 101.5 0.171 — 29.41 123.1
3.410 1.613 3.110 2.950 7100 UCHITEC 3.030 0.090 2343.4 3.032 20.73 4.95 1,361.7 2.095 1.605 1.880 1.860 3859 MAGNUM 1.880 UNCH 140.5 1.872 13.53 6.91 2,703.0
4.930 2.750 2.920 2.880 7133 ULICORP 2.880 -0.020 62.1 2.895 17.32 4.17 418.2 1.244 0.860 0.940 0.925 5264 MALAKOF 0.935 UNCH 1512.2 0.934 1.91 6.42 4,675.0
1.347 1.040 1.070 1.060 7227 UMSNGB 1.060 -0.060 44.2 1.062 10.58 2.83 84.8 0.179 0.125 0.130 0.130 3514 MARCO 0.130 -0.005 108.7 0.130 8.50 3.85 137.1
1.680 0.555 0.600 0.575 4995 VERSATL 0.600 0.005 691.5 0.593 46.88 — 70.4 6.437 5.387 6.110 6.000 6012 MAXIS 6.110 0.030 774.7 6.082 21.36 3.27 47,722.5
3.270 1.489 3.030 2.970 6963 VS 3.000 -0.020 3202.8 3.001 21.63 2.07 3,957.5 0.955 0.670 0.795 0.785 5077 MAYBULK 0.785 UNCH 34 0.786 — — 785.0
1.480 0.830 1.470 1.440 5142 WASEONG 1.460 UNCH 306.9 1.455 — 0.34 1,131.3 2.576 2.010 2.330 2.250 5983 MBMR 2.330 0.050 20 2.257 18.03 1.93 910.8
0.465 0.260 — — 7226 WATTA 0.310 — — — — — 26.2 1.232 0.580 0.635 0.605 4502 MEDIA 0.610 -0.010 817 0.617 — 13.11 676.6
2.300 1.724 2.250 2.240 7111 WEIDA 2.250 -0.010 70.3 2.249 24.40 1.33 300.0 0.603 0.360 0.395 0.375 5090 MEDIAC 0.390 0.005 161 0.380 14.61 6.41 658.0
1.639 1.410 1.600 1.570 7231 WELLCAL 1.590 0.030 580.3 1.587 21.72 3.88 791.7 0.739 0.340 0.425 0.395 7234 MESB 0.405 -0.010 307.1 0.410 — — 33.2
1.420 0.620 1.090 1.090 7050 WONG 1.090 UNCH 18.3 1.090 16.34 — 99.9 3.978 2.526 3.670 3.640 3069 MFCB 3.650 -0.020 202.3 3.658 9.19 1.37 1,499.8
0.700 0.500 — — 7025 WOODLAN 0.600 — — — 29.41 — 24.0 1.160 0.625 0.870 0.850 5186 MHB 0.855 -0.010 1502.6 0.856 40.14 3.51 1,368.0
1.980 1.871 — — 5009 WTHORSE 1.950 — — — 17.60 5.13 468.0 0.290 0.135 0.215 0.200 5166 MINDA 0.200 -0.005 401.6 0.205 — — 248.0
1.037 0.650 0.685 0.680 4243 WTK 0.685 0.005 84.5 0.682 — 2.92 329.7 7.900 6.900 7.290 7.070 3816 MISC 7.110 -0.050 1510.2 7.116 16.05 4.22 31,737.6
1.347 0.760 0.850 0.820 7245 WZSATU 0.830 0.030 13 0.828 16.63 2.41 289.6 2.606 1.770 1.990 1.920 2194 MMCCORP 1.930 -0.060 110.9 1.928 14.42 2.07 5,877.0
0.835 0.720 — — 5048 YILAI 0.750 — — — — — 120.0 0.440 0.250 0.345 0.330 0059 MMODE 0.345 0.015 636.3 0.341 — — 56.1
0.275 0.155 0.225 0.205 7020 YKGI 0.215 0.015 3554 0.214 — — 74.9 0.095 0.040 0.055 0.055 0043 MTRONIC 0.055 UNCH 3000 0.055 — — 52.9
0.692 0.365 0.430 0.430 7014 YLI 0.430 0.050 0.1 0.430 — 1.16 44.3 0.280 0.150 0.210 0.205 3891 MUIIND 0.205 -0.005 226.6 0.206 — — 601.2
CONSTRUCTION 3.050 2.090 2.400 2.370 3905 MULPHA 2.370 -0.020 28 2.380 3.13 — 757.5
1.210 0.728 0.780 0.760 5281 ADVCON 0.765 -0.020 156.8 0.772 10.84 — 307.6 2.780 1.934 2.640 2.590 0138 MYEG 2.630 0.040 19602.2 2.617 43.98 0.65 9,484.6
0.750 0.335 — — 7007 ARK 0.335 — — — — — 16.3 1.680 1.340 1.600 1.580 5275 MYNEWS 1.590 UNCH 69.4 1.597 33.69 0.63 1,084.6
1.200 0.638 0.895 0.885 7078 AZRB 0.890 UNCH 32.4 0.892 11.27 1.69 473.1 0.910 0.480 0.495 0.495 9806 NATWIDE 0.495 -0.005 5 0.495 — — 59.5
0.625 0.360 0.390 0.380 5190 BENALEC 0.385 UNCH 355.1 0.385 54.23 1.04 312.5 0.495 0.350 0.395 0.385 7241 NGGB 0.390 -0.005 854 0.392 — — 178.8
0.485 0.305 0.325 0.320 5932 BPURI 0.325 0.005 70 0.323 43.33 — 86.8 0.140 0.035 0.045 0.040 4464 NICORP 0.040 UNCH 1198.7 0.042 — — 53.8
1.140 0.796 0.920 0.920 8761 BREM 0.920 -0.010 15.7 0.920 16.55 1.63 317.8 0.828 0.580 — — 5533 OCB 0.635 — — — 27.02 1.57 65.3
1.220 0.875 0.955 0.950 8591 CRESBLD 0.955 0.005 119.9 0.950 6.95 4.19 169.0 0.985 0.800 0.815 0.800 0172 OCK 0.800 -0.010 1335.7 0.803 23.60 1.25 697.2
2.086 1.624 — — 7528 DKLS 1.710 — — — 3.66 1.75 158.5 3.374 1.871 3.160 3.150 5201 OLDTOWN 3.150 UNCH 37.8 3.154 21.74 2.22 1,459.2
1.410 1.060 1.210 1.180 5253 ECONBHD 1.190 UNCH 960.9 1.194 18.62 1.51 1,591.6 0.210 0.095 0.125 0.120 3018 OLYMPIA 0.125 0.005 505.4 0.125 3.99 — 127.9
1.488 0.871 1.030 1.000 8877 EKOVEST 1.010 -0.020 3062.3 1.013 18.81 1.98 2,160.6 2.080 1.120 1.370 1.330 5260 OWG 1.350 -0.020 45.5 1.353 55.33 — 360.6
0.992 0.624 0.760 0.755 7047 FAJAR 0.760 0.010 569.5 0.759 6.99 3.29 283.9 0.845 0.380 0.820 0.795 8419 PANSAR 0.805 0.005 5662.1 0.807 35.46 1.24 247.9
1.335 1.010 1.080 1.060 9261 GADANG 1.060 UNCH 765 1.068 5.97 2.83 699.5 0.734 0.451 0.625 0.610 5125 PANTECH 0.625 0.015 349.9 0.615 10.08 3.20 466.1
5.392 4.573 5.090 5.020 5398 GAMUDA 5.050 -0.010 3645.5 5.043 19.15 2.38 12,408.1 0.735 0.470 0.515 0.505 5657 PARKSON 0.515 0.010 256.6 0.511 — — 563.4
2.160 0.985 1.950 1.890 5226 GBGAQRS 1.950 UNCH 1992.6 1.935 16.22 0.26 899.8 1.288 1.140 1.160 1.150 5041 PBA 1.160 UNCH 88 1.155 6.77 3.45 384.3
0.920 0.510 0.550 0.550 5169 HOHUP 0.550 0.020 20 0.550 5.09 — 206.2 0.165 0.075 0.085 0.075 6254 PDZ 0.080 UNCH 26788.9 0.080 — — 52.2
1.736 1.390 1.640 1.600 6238 HSL 1.630 0.020 181.8 1.627 20.55 1.47 949.8 1.250 0.735 0.750 0.740 5133 PENERGY 0.740 -0.010 100 0.742 — 2.70 238.1
3.518 2.660 2.830 2.790 3336 IJM 2.820 0.010 2018.8 2.812 16.66 2.66 10,232.8 0.660 0.285 0.355 0.320 7108 PERDANA 0.325 -0.015 13898.7 0.343 — — 253.0
0.740 0.505 0.520 0.510 5268 IKHMAS 0.510 -0.010 363.4 0.513 19.39 0.98 278.1 0.090 0.025 0.055 0.045 0047 PERISAI 0.045 -0.010 9263.1 0.050 — — 56.7
0.820 0.532 0.700 0.690 8834 IREKA 0.695 0.005 61.8 0.694 — 2.88 129.8 0.420 0.155 0.275 0.260 7080 PERMAJU 0.270 0.010 2976 0.272 — — 52.9
1.840 1.010 1.820 1.770 4723 JAKS 1.780 -0.060 4537.9 1.791 — — 881.1 2.070 1.510 1.830 1.780 5219 PESTECH 1.800 0.010 546.2 1.804 17.61 — 1,375.7
0.500 0.230 0.255 0.255 9083 JETSON 0.255 0.005 1 0.255 — — 52.7 26.200 20.824 25.580 25.240 5681 PETDAG 25.300 0.060 572.1 25.31 23.07 3.08 25,134.4
4.320 2.340 3.940 3.890 7161 KERJAYA 3.910 0.020 252.9 3.914 16.62 1.41 2,207.3 0.250 0.030 — — 7027 PETONE 0.055 — — — 3.53 — 2.8
2.430 2.000 2.180 2.150 5171 KIMLUN 2.150 UNCH 16.2 2.169 9.65 3.02 689.4 4.931 3.650 4.120 4.080 7081 PHARMA 4.120 -0.080 33 4.104 34.25 3.88 1,070.5
1.680 1.300 — — 9628 LEBTECH 1.300 — — — 77.38 — 177.4 0.189 0.105 0.115 0.115 7201 PICORP 0.115 UNCH 30 0.115 — 5.30 75.7
1.000 0.685 — — 5129 MELATI 0.750 — — — 35.38 1.33 90.0 0.420 0.200 — — 7163 PJBUMI 0.220 — — — — — 18.0
2.560 1.240 — — 8192 MERCURY 1.900 — — — 6.56 6.32 76.3 5.665 4.166 5.010 4.880 4634 POS 5.000 UNCH 1092.2 4.995 39.03 2.14 3,913.9
0.575 0.300 0.320 0.320 5006 MERGE 0.320 UNCH 65 0.320 — — 21.4 2.416 1.190 1.760 1.640 5204 PRESBHD 1.670 -0.030 236.8 1.684 54.05 1.80 808.3
1.930 0.885 1.740 1.700 7595 MGB 1.710 0.020 97.8 1.724 28.55 — 844.0 2.180 1.200 — — 8346 PRKCORP 1.220 — — — — — 122.0
1.407 0.740 0.925 0.915 9571 MITRA 0.915 -0.015 218.9 0.917 5.68 5.46 630.9 0.848 0.667 0.740 0.715 5272 RANHILL 0.720 UNCH 936.5 0.724 8.21 10.83 639.6
0.425 0.210 0.230 0.230 5924 MTDACPI 0.230 UNCH 2.2 0.230 — — 53.3 0.360 0.255 0.295 0.285 0037 RGB 0.290 -0.005 5879.4 0.291 14.36 2.07 389.1
1.670 0.780 0.885 0.880 5085 MUDAJYA 0.880 -0.020 61 0.883 — — 532.8 1.408 0.734 — — 5278 RHONEMA 0.905 — — — 16.19 2.76 150.2
3.360 2.398 3.100 3.050 5703 MUHIBAH 3.060 -0.010 290.6 3.061 11.53 1.80 1,475.3 0.687 0.390 0.465 0.460 8567 SALCON 0.465 -0.010 164.4 0.463 — — 315.1
0.690 0.480 0.555 0.515 7071 OCR 0.540 0.040 433.7 0.535 29.67 — 157.9 1.270 0.754 1.180 1.130 5147 SAMCHEM 1.160 -0.010 899.5 1.146 15.47 3.23 315.5
0.724 0.385 0.390 0.385 8311 PESONA 0.385 UNCH 824.3 0.386 11.88 5.19 267.5 0.315 0.165 0.180 0.170 9113 SANBUMI 0.180 0.005 35 0.177 — — 40.7
1.190 0.900 1.060 1.040 5070 PRTASCO 1.040 -0.010 284.5 1.052 20.16 5.77 441.7 2.100 0.660 0.720 0.690 5218 SAPNRG 0.695 -0.025 46358.1 0.704 — 1.44 4,164.5
0.215 0.125 0.140 0.130 7145 PSIPTEK 0.130 -0.010 435.4 0.135 11.82 — 45.3 2.313 1.563 1.880 1.850 0099 SCICOM 1.880 0.020 147.5 1.870 15.76 4.79 668.3
4.137 3.266 — — 9598 PTARAS 3.750 — — — 23.01 5.33 619.3 0.412 0.190 0.200 0.190 7158 SCOMI 0.195 -0.010 3393.4 0.196 — — 187.0
1.140 0.590 0.615 0.605 6807 PUNCAK 0.605 -0.010 183 0.608 — — 271.8 0.260 0.090 0.125 0.115 7045 SCOMIES 0.120 -0.005 2043.3 0.122 — — 281.0
1.390 0.505 0.810 0.795 5205 SENDAI 0.795 -0.015 45.7 0.798 — — 621.0 1.600 0.930 1.310 1.310 7053 SEEHUP 1.310 UNCH 8 1.310 — — 105.4
2.640 1.649 2.480 2.440 5263 SUNCON 2.440 -0.010 361.3 2.456 22.85 2.25 3,154.7 0.730 0.598 0.660 0.650 9792 SEG 0.650 UNCH 70.6 0.655 21.81 5.38 821.8
0.415 0.240 0.260 0.260 9717 SYCAL 0.260 UNCH 29.9 0.260 16.99 — 90.3 1.750 1.120 1.500 1.490 5250 SEM 1.500 UNCH 234.5 1.500 38.17 1.53 1,850.1
0.860 0.388 0.730 0.715 5054 TRC 0.725 0.010 152.1 0.722 10.37 2.62 348.4 3.660 1.582 3.510 3.480 5279 SERBADK 3.490 UNCH 509.1 3.490 13.19 — 5,125.1
2.500 1.500 2.410 2.370 5622 TRIPLC 2.370 -0.030 125.8 2.383 8.16 — 163.8 3.060 2.040 2.780 2.700 4197 SIME 2.720 0.010 28123 2.733 11.65 8.46 18,498.3
0.825 0.470 0.490 0.480 5042 TSRCAP 0.480 -0.020 40 0.485 12.40 — 83.7 0.720 0.600 — — 9431 SJC 0.680 — — — — 1.47 27.6
0.200 0.110 0.170 0.160 7070 VIZIONE 0.170 UNCH 13802.5 0.165 54.84 — 601.6 0.588 0.295 0.340 0.335 5242 SOLID 0.340 UNCH 83.2 0.339 35.05 1.00 132.9
1.680 1.050 1.180 1.150 3565 WCEHB 1.170 0.010 480.1 1.164 32.14 — 1,173.2 2.151 1.310 1.380 1.360 6084 STAR 1.360 -0.010 428.2 1.365 3.85 11.03 1,004.4
2.467 1.460 1.640 1.560 9679 WCT 1.560 -0.080 1977.8 1.584 21.28 — 2,208.3 3.079 2.240 — — 9865 SUIWAH 2.240 — — — 13.11 0.45 136.6
0.805 0.535 0.695 0.685 7028 ZECON 0.690 -0.005 619 0.687 6.55 — 90.4 0.130 0.045 0.085 0.075 1201 SUMATEC 0.080 UNCH 90979.9 0.080 — — 340.2
0.185 0.085 0.125 0.110 2283 ZELAN 0.120 -0.005 6087.3 0.115 — — 101.4 1.918 1.580 1.700 1.670 5211 SUNWAY 1.690 -0.010 2397.6 1.685 12.62 2.78 8,313.1
TRADING SERVICES 2.257 1.740 1.790 1.770 6521 SURIA 1.770 UNCH 3.5 1.787 9.72 3.95 510.1
0.550 0.325 0.415 0.390 5238 AAX 0.400 0.005 80630 0.407 53.33 — 1,659.3 0.345 0.215 0.230 0.225 5173 SYSCORP 0.230 -0.005 350 0.226 23.23 — 276.0
2.664 1.550 1.570 1.550 6599 AEON 1.550 -0.020 631.8 1.552 26.01 1.94 2,176.2 0.665 0.330 0.645 0.610 7228 T7GLOBAL 0.610 -0.015 9734.6 0.630 21.25 — 255.9
0.435 0.165 0.225 0.220 7315 AHB 0.225 UNCH 100.2 0.220 4.04 — 39.6 1.691 0.860 0.905 0.900 8524 TALIWRK 0.905 -0.005 93.2 0.904 20.07 8.84 1,094.6
4.380 2.406 4.330 4.260 5099 AIRASIA 4.300 0.050 5030.3 4.297 7.81 4.19 14,370.5 2.667 1.692 1.980 1.930 5140 TASCO 1.970 -0.030 73.5 1.951 12.36 2.28 394.0
9.450 6.273 8.700 8.590 5014 AIRPORT 8.620 -0.030 572.6 8.634 77.73 1.28 14,302.2 16.120 12.887 15.780 15.700 5347 TENAGA 15.720 -0.020 8129.9 15.72 12.16 3.88 89,069.3
0.365 0.110 0.160 0.145 5115 ALAM 0.155 -0.005 2644.8 0.153 — — 143.3 1.404 0.829 0.945 0.890 8702 TEXCHEM 0.890 UNCH 15.7 0.898 33.97 11.24 110.4
0.140 0.070 0.085 0.080 0159 AMEDIA 0.085 0.005 235 0.080 — — 20.4 0.165 0.045 0.100 0.095 7206 THHEAVY 0.095 -0.010 720 0.097 — — 106.5
8.180 6.953 7.690 7.690 6351 AMWAY 7.690 UNCH 0.2 7.690 24.94 2.60 1,264.1 6.586 5.870 6.090 5.980 4863 TM 6.000 -0.120 2333.2 6.001 27.89 3.60 22,547.6
2.340 2.100 — — 7083 ANALABS 2.150 — — — 13.52 0.47 129.1 0.985 0.730 0.815 0.815 0101 TMCLIFE 0.815 0.005 35.7 0.815 50.94 0.21 1,415.2
0.055 0.005 0.015 0.010 5194 APFT 0.010 UNCH 6213.1 0.010 — — 13.4 1.806 1.110 1.160 1.150 8397 TNLOGIS 1.160 0.010 108.7 1.157 7.19 1.72 533.9
0.900 0.650 0.850 0.830 5210 ARMADA 0.850 0.005 5715.4 0.843 — — 4,986.3 1.060 0.500 — — 7218 TOCEAN 0.620 — — — — — 25.4
0.220 0.120 0.130 0.125 1481 ASB 0.125 UNCH 500.3 0.125 37.88 2.00 116.1 1.000 0.700 0.755 0.710 5167 TURBO 0.755 UNCH 6 0.718 19.41 — 81.5
2.906 2.400 2.600 2.570 6399 ASTRO 2.600 -0.020 583.8 2.588 18.45 4.42 13,556.1 2.790 2.460 — — 7137 UMS 2.690 — — — 20.41 2.23 109.5
4.669 3.862 — — 7048 ATLAN 4.270 — — — 30.74 7.26 1,083.1 0.692 0.270 0.345 0.325 5243 UMWOG 0.330 -0.005 43540.7 0.336 — — 2,711.1
0.365 0.280 0.325 0.325 8885 AVI 0.325 -0.010 3 0.325 — — 279.0 1.294 0.990 1.040 1.020 7091 UNIMECH 1.020 UNCH 10 1.027 14.72 2.94 133.8
1.168 0.715 0.830 0.795 7579 AWC 0.805 -0.020 881.4 0.812 9.89 2.48 219.3 0.730 0.350 — — 5754 UTUSAN 0.500 — — — — — 55.4
5.820 4.175 5.670 5.590 6888 AXIATA 5.670 0.030 3661.7 5.662 88.04 1.41 51,303.7 1.980 1.260 1.360 1.350 7250 UZMA 1.350 -0.020 90.8 1.354 12.91 — 432.0
0.653 0.334 0.400 0.395 5021 AYS 0.400 -0.010 48 0.400 6.22 6.25 152.2 1.240 0.600 0.920 0.905 7240 VERTICE 0.920 0.010 74.1 0.912 — — 133.6
0.740 0.255 0.285 0.275 7251 BARAKAH 0.280 -0.005 982.4 0.281 — — 231.4 2.140 1.724 — — 5016 WARISAN 2.000 — — — 38.68 1.50 134.4
2.449 1.807 2.210 2.150 5248 BAUTO 2.180 -0.020 1503.6 2.187 28.39 4.13 2,530.5 0.620 0.450 — — 7692 WIDETEC 0.560 — — — 17.34 — 25.1
0.280 0.155 0.165 0.165 6998 BINTAI 0.165 UNCH 0.2 0.165 — — 47.8 4.111 3.120 3.700 3.660 5246 WPRTS 3.680 -0.010 791.3 3.687 19.27 3.89 12,548.8
6.278 5.662 — — 5032 BIPORT 5.900 — — — 17.82 3.56 2,714.0 1.448 1.020 1.150 1.090 5267 XINHWA 1.110 -0.040 292.4 1.107 23.37 0.90 239.8
0.415 0.310 0.330 0.320 3395 BJCORP 0.330 0.005 5916.8 0.326 — — 1,624.8 0.070 0.020 — — 7122 YFG 0.025 — — — — — 15.2
1.933 1.364 1.800 1.780 5196 BJFOOD 1.800 UNCH 49 1.799 53.73 2.59 687.3 4.400 3.002 4.250 4.100 7293 YINSON 4.200 0.010 139 4.180 15.97 0.95 4,590.3
0.620 0.315 0.320 0.315 4219 BJLAND 0.315 -0.005 789 0.316 29.44 — 1,575.1 1.550 1.090 1.480 1.440 4677 YTL 1.480 0.010 2420.9 1.470 19.87 3.38 16,147.6
0.470 0.185 0.250 0.215 6025 BJMEDIA 0.250 UNCH 15.2 0.229 — — 58.8 FINANCE
2.816 2.175 2.260 2.230 1562 BJTOTO 2.250 UNCH 478.1 2.250 12.02 6.22 3,039.8 4.410 3.539 4.200 4.090 2488 ABMB 4.100 -0.110 699.4 4.110 12.45 3.90 6,347.2
0.135 0.075 0.085 0.080 7036 BORNOIL 0.085 UNCH 5259.9 0.083 16.35 — 441.1 14.600 11.782 13.580 13.480 5139 AEONCR 13.580 0.100 19.3 13.51 67.56 3.15 3,373.9
0.840 0.330 0.365 0.345 9474 BRAHIMS 0.345 -0.005 503.5 0.352 — — 81.5 2.888 2.193 2.490 2.430 5185 AFFIN 2.440 -0.040 208.2 2.450 9.24 2.87 4,740.8
3.038 2.457 2.920 2.830 2771 BSTEAD 2.830 -0.090 757 2.862 11.21 4.24 5,736.4 15.458 10.999 13.140 13.140 1163 ALLIANZ 13.140 UNCH 27.1 13.14 7.84 0.91 2,305.9
0.620 0.280 0.380 0.365 5257 CARIMIN 0.365 -0.015 626.2 0.373 — — 85.4 5.485 4.011 4.660 4.550 1015 AMBANK 4.640 UNCH 718.7 4.618 10.66 3.79 13,985.8
2.200 1.278 1.660 1.660 5245 CARING 1.660 -0.020 2 1.660 21.07 1.81 361.4 1.950 1.273 1.450 1.450 5088 APEX 1.450 -0.050 1 1.450 20.92 3.45 309.7
3.063 1.980 — — 2925 CCB 2.080 — — — 27.37 2.40 209.5 4.461 3.980 4.110 4.090 5258 BIMB 4.090 UNCH 65.8 4.095 10.88 3.42 6,926.7
1.440 0.870 0.905 0.895 7117 CENTURY 0.895 -0.015 675.8 0.899 19.33 3.35 352.8 11.095 7.641 10.900 10.760 1818 BURSA 10.800 -0.040 152.7 10.83 25.96 3.56 5,805.0
0.540 0.376 — — 7209 CHEETAH 0.420 — — — — 1.43 53.6 7.360 4.708 7.150 7.090 1023 CIMB 7.120 0.030 12147.7 7.120 14.90 3.51 65,685.9
1.468 0.907 1.010 1.000 5273 CHINHIN 1.000 -0.020 507 1.000 13.05 4.00 556.4 0.705 0.350 0.525 0.505 2143 ECM 0.525 0.020 8.2 0.506 187.50 — 150.5
0.675 0.450 — — 7016 CHUAN 0.490 — — — 12.28 3.67 82.6 1.220 1.112 1.150 1.150 5228 ELKDESA 1.150 UNCH 250.2 1.150 11.68 5.87 343.2
0.150 0.065 0.110 0.100 5104 CNI 0.105 -0.010 1440.1 0.101 — — 75.6 18.800 12.880 18.560 18.240 5819 HLBANK 18.500 0.020 674.3 18.48 16.89 2.43 40,102.8
1.240 0.660 0.700 0.700 5136 COMPLET 0.700 -0.025 20 0.700 12.28 — 86.6 10.100 7.327 — — 5274 HLCAP 9.790 — — — 29.92 1.94 2,417.1
0.045 0.020 0.035 0.030 5037 COMPUGT 0.030 -0.005 14668.6 0.030 — — 70.4 19.240 14.662 19.020 18.600 1082 HLFG 18.900 -0.060 74.3 18.93 13.72 2.01 21,688.1
2.820 2.093 2.620 2.590 5184 CYPARK 2.600 UNCH 404.9 2.601 11.86 2.00 679.7 1.129 0.767 0.930 0.905 3379 INSAS 0.910 -0.015 610.3 0.912 3.73 1.10 630.9
0.865 0.395 0.415 0.415 5276 DANCO 0.415 UNCH 2 0.415 10.38 3.61 123.7 0.400 0.165 0.330 0.315 3441 JOHAN 0.315 -0.010 2771 0.322 — — 196.2
0.110 0.055 0.085 0.075 0091 DAYA 0.080 -0.005 4222.5 0.080 — — 163.4 0.690 0.453 0.610 0.605 6483 KENANGA 0.605 UNCH 68 0.609 30.56 3.72 437.1
0.895 0.535 0.760 0.730 5141 DAYANG 0.740 -0.005 753.5 0.745 — — 714.0 19.900 16.067 19.400 19.240 8621 LPI 19.280 0.020 23.3 19.27 20.40 3.73 6,400.7
1.190 0.746 1.000 0.980 5132 DELEUM 0.980 -0.040 172.5 0.986 13.67 3.32 392.2 0.857 0.730 0.750 0.740 1198 MAA 0.750 UNCH 109.1 0.745 8.36 12.00 205.1
0.840 0.425 0.645 0.625 7212 DESTINI 0.625 -0.010 3186.2 0.634 19.65 — 722.0 3.410 2.895 — — 1058 MANULFE 3.300 — — — 13.50 3.18 667.8
2.780 1.551 2.720 2.670 7277 DIALOG 2.680 -0.020 6787.3 2.685 31.42 0.99 15,119.6 10.240 7.910 10.160 10.100 1155 MAYBANK 10.140 UNCH 10238.8 10.12 13.37 5.42 109,958.5
5.292 3.790 3.990 3.980 5908 DKSH 3.990 0.190 3.8 3.985 12.64 2.38 629.1 1.380 1.010 1.210 1.190 1171 MBSB 1.200 -0.010 3297 1.203 16.88 2.50 7,379.9
0.683 0.341 0.485 0.465 4456 DNEX 0.465 -0.015 7990.3 0.471 11.05 1.08 816.3 2.840 2.190 2.570 2.550 6459 MNRB 2.570 0.020 29.1 2.568 7.70 — 821.4
1.335 0.985 1.050 1.020 5216 DSONIC 1.030 -0.020 2189.5 1.029 22.74 3.88 1,390.5 1.850 1.210 1.570 1.530 5237 MPHBCAP 1.560 UNCH 47.1 1.549 16.77 — 1,115.4
0.295 0.125 0.135 0.130 2097 EASTLND 0.130 -0.005 77.1 0.135 — — 31.9 1.340 1.200 1.270 1.270 6009 P&O 1.270 UNCH 3.3 1.270 39.32 6.69 312.4
0.715 0.340 0.380 0.375 5259 EATECH 0.375 -0.005 88 0.379 — — 189.0 22.620 19.395 22.280 21.980 1295 PBBANK 22.080 0.100 4419 22.08 15.59 2.67 85,717.6
0.930 0.210 0.700 0.670 5036 EDARAN 0.670 -0.030 267.2 0.682 — — 40.2 1.850 1.400 1.470 1.440 9296 RCECAP 1.440 -0.020 519.5 1.452 5.62 2.08 512.6
0.290 0.170 0.175 0.170 7471 EDEN 0.175 UNCH 345 0.174 — — 54.5 5.610 4.710 5.340 5.200 1066 RHBBANK 5.230 -0.070 3891.2 5.226 11.97 2.29 20,972.5
3.180 2.213 2.360 2.330 1368 EDGENTA 2.340 UNCH 53.7 2.346 19.85 3.42 1,946.0 0.708 0.499 0.630 0.620 4898 TA 0.620 -0.010 837.2 0.625 2.91 2.74 1,061.4
0.590 0.240 0.285 0.280 0064 EFFICEN 0.285 UNCH 70 0.285 — — 202.1 4.080 3.170 3.250 3.200 6139 TAKAFUL 3.240 0.030 502.6 3.226 12.89 4.63 2,667.0
0.955 0.631 0.650 0.650 5081 EIG 0.650 UNCH 31 0.650 18.16 4.62 154.2 1.620 0.980 1.020 1.010 5230 TUNEPRO 1.010 -0.010 292.7 1.019 14.01 5.15 759.3
2.087 1.149 — — 5208 EITA 1.600 — — — 10.44 3.13 208.0 PROPERTIES
1.508 1.010 1.070 1.060 5056 ENGTEX 1.060 -0.020 269.9 1.062 6.39 0.71 469.9 0.824 0.685 0.735 0.730 1007 AMPROP 0.735 0.015 21.1 0.734 4.13 4.08 447.5
0.605 0.370 0.510 0.510 6939 FIAMMA 0.510 0.005 10 0.510 11.56 3.43 270.3 0.409 0.330 0.350 0.350 1007PA AMPROP-PA 0.350 UNCH 1.8 0.350 — 5.71 101.4
0.465 0.355 0.415 0.405 9318 FITTERS 0.415 -0.005 904.8 0.410 — — 199.4 1.850 1.180 1.270 1.270 5959 AMVERTON 1.270 0.020 17 1.270 26.62 — 463.6
1.423 1.108 1.190 1.180 7210 FREIGHT 1.180 -0.030 20 1.187 9.97 4.24 219.7 0.230 0.150 0.165 0.160 4057 ASIAPAC 0.160 UNCH 2415 0.160 10.19 — 165.1
0.525 0.202 0.455 0.435 0128 FRONTKN 0.445 -0.005 4543.3 0.442 15.03 1.12 468.8 7.600 6.200 6.800 6.300 2305 AYER 6.800 0.300 1.1 6.346 32.49 0.74 509.0
0.295 0.160 — — 9377 FSBM 0.235 — — — — — 33.2 0.520 0.420 — — 6602 BCB 0.445 — — — 21.39 — 183.6
3.054 2.670 2.920 2.880 5209 GASMSIA 2.900 0.060 950 2.900 19.13 2.76 3,723.6 0.793 0.555 0.585 0.570 6173 BDB 0.580 -0.020 169.2 0.581 6.81 7.76 176.2
0.820 0.575 0.620 0.615 0078 GDEX 0.615 -0.005 304 0.620 93.18 0.41 3,445.6 0.600 0.365 0.385 0.385 9814 BERTAM 0.385 -0.045 1.1 0.385 1.56 — 79.6
6.259 4.870 5.530 5.460 4715 GENM 5.500 0.040 4053.7 5.507 12.98 1.85 32,659.2 0.700 0.390 0.420 0.405 3239 BJASSET 0.420 0.005 1387.7 0.414 6.50 — 1,074.4
9.960 8.614 9.240 9.080 3182 GENTING 9.130 -0.080 3147 9.160 14.29 1.26 35,220.9 1.450 1.040 1.150 1.130 5738 CHHB 1.130 -0.090 17 1.144 — — 311.5
0.330 0.185 0.245 0.235 5079 GETS 0.235 UNCH 17.3 0.235 — — 29.6 1.673 1.363 1.430 1.410 6718 CRESNDO 1.420 UNCH 64.4 1.420 9.01 4.23 398.3
4.090 2.689 4.030 3.980 3204 GKENT 3.980 -0.020 995.3 3.998 19.58 1.80 2,241.8 1.720 1.460 — — 5049 CVIEW 1.590 — — — 5.58 9.43 159.0
0.555 0.340 — — 7676 GUNUNG 0.390 — — — — — 92.1 2.375 2.070 2.170 2.170 5355 DAIMAN 2.170 UNCH 5 2.170 21.59 2.53 460.5
5.590 2.783 5.260 5.230 7668 HAIO 5.260 0.020 148.4 5.240 20.82 3.23 1,579.3 0.993 0.477 0.570 0.545 3484 DBHD 0.555 0.005 1295.7 0.561 — — 174.5
0.335 0.205 — — 7253 HANDAL 0.240 — — — — — 38.4 0.115 0.075 0.085 0.080 7198 DPS 0.080 -0.005 284.3 0.080 — — 47.0
9.980 8.700 9.290 9.020 3034 HAPSENG 9.150 -0.010 165.9 9.124 21.37 3.83 22,780.6 2.089 1.350 1.490 1.450 3417 E&O 1.460 -0.030 170 1.461 16.80 2.05 1,937.0

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
WED N E S DAY F E BRUA RY 21 , 2018 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.325 0.255 0.300 0.290 3557 ECOFIRS 0.295 0.005 228.2 0.294 5.76 — 236.9 INFRASTRUCTURE PROJECT COMPANIES
1.720 1.340 1.370 1.340 8206 ECOWLD 1.360 -0.010 1463.8 1.354 18.48 — 4,004.3 5.100 4.360 4.920 4.890 6947 DIGI 4.890 -0.010 2275.1 4.898 25.74 3.84 38,019.8
0.920 0.600 — — 6076 ENCORP 0.640 — — — 12.31 — 188.1 6.000 5.400 5.850 5.850 6645 LITRAK 5.850 UNCH 16.8 5.850 14.24 5.13 3,087.3
3.180 2.390 2.620 2.620 8613 ENRA 2.620 -0.180 4 2.620 34.07 1.15 356.9 9.900 7.832 8.400 8.340 5031 TIMECOM 8.340 -0.050 560.2 8.373 20.83 2.39 4,849.3
1.300 0.775 — — 6815 EUPE 0.900 — — — 37.04 — 115.2 1.443 1.110 1.220 1.210 6742 YTLPOWR 1.210 -0.010 534.1 1.215 14.17 4.13 9,871.3
0.863 0.375 0.400 0.390 7249 EWEIN 0.395 0.005 95 0.391 8.86 1.27 119.1 CLOSED-END FUNDS
1.360 0.955 1.070 1.040 5283 EWINT 1.070 0.010 224.6 1.055 — — 2,568.0 2.880 2.390 — — 5108 ICAP 2.700 — — — 133.00 — 378.0
0.617 0.465 — — 6041 FARLIM 0.500 — — — 7.68 4.00 70.2 EXCHANGE TRADED FUNDS
0.643 0.495 — — 5020 GLOMAC 0.540 — — — 54.00 5.06 432.0 1.151 1.100 — — 0800EA ABFMY1 1.146 — — — — 4.96 1,450.2
0.511 0.365 0.390 0.385 9962 GMUTUAL 0.390 0.005 25 0.389 10.00 5.13 146.5 2.210 1.835 2.035 1.970 0822EA CIMBA40 2.035 0.025 3.1 1.972 — 3.63 5.5
0.470 0.300 0.310 0.305 1147 GOB 0.310 UNCH 57 0.310 — 1.61 140.9 1.845 1.400 1.685 1.660 0823EA CIMBC50 1.685 0.035 8.6 1.678 — — 16.4
0.150 0.090 0.110 0.105 7077 GSB 0.105 -0.005 160.7 0.108 — — 55.5 1.930 1.750 1.920 1.920 0820EA FBMKLCI-EA 1.920 0.015 0.1 1.920 — 1.72 3.2
1.426 1.000 1.040 1.030 1503 GUOCO 1.030 -0.020 104.7 1.034 79.84 1.94 721.5 1.775 1.705 — — 0828EA GOLDETF 1.750 — — — — — 35.2
1.430 0.829 — — 7105 HCK 1.250 — — — 96.15 — 526.5 1.100 1.000 — — 0826EA METFAPA 1.055 — — — — — 20.0
1.210 0.410 — — 7010 HOOVER 0.650 — — — 104.84 — 26.0 0.945 0.874 0.877 0.877 0825EA METFSID 0.877 0.003 20 0.877 — 1.72 46.5
1.141 0.575 0.595 0.595 5062 HUAYANG 0.595 UNCH 16 0.595 19.01 6.72 209.4 1.180 1.060 1.165 1.160 0821EA MYETFDJ 1.160 -0.010 370 1.161 — 2.06 309.4
0.648 0.505 0.520 0.520 4251 IBHD 0.520 0.010 15 0.520 7.67 3.62 524.3 1.175 1.015 1.165 1.160 0824EA MYETFID 1.165 UNCH 320 1.160 — 2.41 45.7
0.953 0.500 0.770 0.730 5084 IBRACO 0.730 -0.030 1.1 0.766 28.19 2.74 362.4 REITS
0.890 0.595 0.690 0.690 9687 IDEAL 0.690 -0.010 2 0.690 4.08 — 76.2 0.934 0.776 0.800 0.800 4952 AHP 0.800 UNCH 25.4 0.800 10.11 6.50 176.0
3.000 2.337 — — 1597 IGB 2.970 — — — 11.63 3.37 4,072.9 1.502 1.261 1.300 1.290 5116 ALAQAR 1.290 -0.010 327.3 1.297 15.25 5.97 939.4
2.158 1.790 2.040 1.990 5249 IOIPG 2.010 -0.030 465.9 2.003 11.24 2.99 11,067.4 1.003 0.930 0.940 0.940 5269 ALSREIT 0.940 -0.005 2.4 0.940 11.23 6.38 545.2
0.620 0.280 0.295 0.290 5175 IVORY 0.295 0.005 25 0.292 13.23 — 144.6 0.771 0.645 0.650 0.650 5120 AMFIRST 0.650 0.005 40.5 0.650 18.11 6.54 446.2
3.290 1.170 1.360 1.350 1589 IWCITY 1.350 -0.010 122.4 1.355 40.18 — 1,130.5 0.949 0.880 0.900 0.890 5127 ARREIT 0.895 0.005 162 0.894 13.32 6.12 513.0
0.500 0.245 0.500 0.380 8923 JIANKUN 0.395 0.015 1147.5 0.411 — — 65.9 1.189 1.035 1.110 1.100 5130 ATRIUM 1.110 0.010 134.8 1.101 14.96 6.67 135.2
0.139 0.085 0.090 0.085 6769 JKGLAND 0.085 UNCH 735 0.089 9.24 2.71 193.4 1.645 1.350 1.400 1.380 5106 AXREIT 1.390 0.010 1584.2 1.392 12.67 5.40 1,712.9
0.085 0.055 0.070 0.070 3115 KBUNAI 0.070 UNCH 635 0.070 13.46 — 404.4 1.762 1.140 1.170 1.140 5180 CMMT 1.140 -0.020 1186.6 1.151 14.32 7.21 2,323.0
1.100 0.850 0.860 0.860 7323 KEN 0.860 -0.015 9 0.860 3.68 2.91 164.9 1.532 1.140 1.240 1.220 5121 HEKTAR 1.240 UNCH 31.2 1.230 16.21 9.83 572.8
1.330 0.990 1.030 1.010 5038 KSL 1.020 UNCH 160.3 1.020 3.58 — 1,058.3 1.744 1.502 1.570 1.540 5227 IGBREIT 1.560 UNCH 3189.3 1.553 15.90 5.95 5,489.4
0.268 0.190 0.205 0.200 3174 L&G 0.200 UNCH 470 0.201 6.43 — 586.1 0.930 0.796 0.835 0.810 5280 KIPREIT 0.820 -0.010 2137.3 0.820 13.23 6.30 414.3
1.287 0.995 1.000 0.995 8494 LBICAP 0.995 -0.015 2.2 0.995 523.68 10.55 80.4 8.517 7.443 7.920 7.860 5235SS KLCC 7.900 UNCH 860 7.896 16.25 4.58 14,262.1
2.435 1.704 2.230 2.210 5789 LBS 2.230 0.030 683.8 2.218 13.60 1.79 1,566.3 1.267 1.142 1.180 1.170 5123 MQREIT 1.170 UNCH 47.3 1.173 17.86 7.17 1,249.6
0.460 0.235 0.375 0.370 3573 LIENHOE 0.370 0.005 19.7 0.373 — — 133.8 1.711 1.370 1.400 1.370 5212 PAVREIT 1.380 -0.010 701.3 1.381 16.73 5.97 4,187.6
1.680 1.150 — — 7617 MAGNA 1.270 — — — — 4.72 425.3 1.868 1.566 1.750 1.710 5176 SUNREIT 1.740 0.010 588.9 1.737 11.69 5.57 5,124.4
1.590 1.210 1.230 1.210 8583 MAHSING 1.220 UNCH 1120.8 1.218 9.13 5.33 2,961.7 1.199 1.103 1.150 1.150 5111 TWRREIT 1.150 -0.010 10 1.150 16.29 5.22 322.6
1.892 0.839 0.980 0.950 6181 MALTON 0.955 0.010 2573.5 0.958 5.89 2.62 504.4 1.721 1.480 1.520 1.510 5110 UOAREIT 1.520 UNCH 5 1.514 16.98 5.63 642.8
2.280 2.130 2.190 2.170 5236 MATRIX 2.170 UNCH 305.8 2.179 8.56 5.37 1,618.4 1.280 1.103 1.180 1.160 5109 YTLREIT 1.160 -0.020 1200.5 1.166 52.49 5.53 1,977.1
2.310 1.268 2.180 2.160 7189 MBWORLD 2.180 UNCH 8.5 2.177 8.78 1.61 343.1 SPAC
1.200 0.755 0.870 0.870 5182 MCT 0.870 UNCH 202 0.870 18.71 — 1,161.3 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3
0.525 0.395 0.465 0.460 5040 MEDAINC 0.465 0.010 105 0.460 — — 229.0 0.480 0.435 0.470 0.465 5270 RSENA 0.465 UNCH 1322 0.465 — — 465.0
0.567 0.430 0.465 0.460 1694 MENANG 0.465 -0.010 40 0.463 20.58 — 223.6 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1
0.605 0.285 0.315 0.315 8141 MJPERAK 0.315 UNCH 40 0.315 — 6.79 81.0
2.515 1.540 1.640 1.580 6114 MKH 1.580 -0.060 809.5 1.593 5.67 3.16 926.7
0.360 0.210 0.225 0.215 8893 MKLAND 0.215 -0.010 70.6 0.216 14.14 — 259.6
0.215 0.095 — — 6548 MPCORP 0.120 — — — — — 34.5
1.536 0.870 1.150 1.120 1651 MRCB 1.140 -0.010 4487.1 1.134 11.15 2.11 5,005.5
1.080 0.515 — — 9539 MUH 0.580 — — — — — 32.7
0.365 0.235 0.250 0.240 3913 MUIPROP 0.250 UNCH 69 0.249 208.33 — 191.0
1.670 0.990
2.881 2.192
1.030
—
1.010
—
5073
5827
NAIM
OIB
1.010
2.250
-0.010
—
34.8
—
1.022
—
—
7.94
—
3.11
252.5
348.4
Ace Market
1.116 0.995 1.050 1.040 5053 OSK 1.050 -0.010 183.3 1.044 5.24 4.76 2,200.1 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.980 1.561 1.900 1.890 1724 PARAMON 1.900 UNCH 410.9 1.895 5.79 4.47 806.2 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.695 0.490 0.590 0.590 6912 PASDEC 0.590 0.005 10 0.590 — — 168.7
1.983 1.051 1.800 1.770 7055 PLB 1.800 0.020 6.3 1.784 19.19 0.44 202.3 CONSUMER PRODUCTS
1.766 1.410 1.440 1.420 5075 PLENITU 1.420 UNCH 138.7 1.427 10.33 3.17 541.8 0.285 0.215 0.245 0.240 0179 BIOHLDG 0.240 Unch 520.5 0.240 27.27 0.42 194.3
0.425 0.285 — — 2208 PTGTIN 0.350 — — — — — 121.1 0.300 0.120 0.145 0.130 0170 KANGER 0.135 -0.005 1375 0.135 12.98 — 108.6
1.270 0.800 0.860 0.850 4596 SAPRES 0.850 0.010 21.9 0.851 9.01 3.53 118.7 0.295 0.180 0.185 0.185 0182 LKL 0.185 0.005 15 0.185 84.09 1.89 79.3
0.820 0.470 0.540 0.505 5207 SBCCORP 0.540 UNCH 5.1 0.506 — — 126.8 0.450 0.255 0.290 0.290 0148 SUNZEN 0.290 Unch 2 0.290 27.62 1.03 139.9
1.012 0.680 0.860 0.855 2224 SDRED 0.860 UNCH 15 0.860 6.78 2.91 366.5 0.085 0.030 0.060 0.055 0095 XINGHE 0.060 Unch 1744.2 0.060 5.66 — 154.4
0.580 0.400 0.420 0.400 4286 SEAL 0.415 -0.010 661.5 0.411 — — 100.8 INDUSTRIAL PRODUCTS
2.860 2.550 — — 6017 SHL 2.620 — — — 7.82 — 634.4 0.192 0.100 0.115 0.110 0105 ASIAPLY 0.115 Unch 155.1 0.113 12.64 4.35 48.8
1.780 1.040 1.460 1.430 5288 SIMEPROP 1.450 -0.020 1438.1 1.449 1.63 — 9,861.2 0.130 0.090 0.100 0.100 0072 AT 0.100 -0.005 160 0.100 — — 42.2
0.445 0.250 0.285 0.280 0163 CAREPLS 0.280 -0.005 159.3 0.284 200.0 — 141.8
0.305 0.140 0.195 0.185 4375 SMI 0.195 -0.005 98 0.191 1.52 — 40.9 0.330 0.150 0.185 0.185 0102 CONNECT 0.185 0.005 43 0.185 20.11 — 60.6
0.907 0.560 0.630 0.600 5213 SNTORIA 0.630 0.015 103.5 0.628 9.38 — 357.4 0.443 0.305 — — 0190 ESAFE 0.320 — — — 47.06 — 77.0
5.500 4.383 — — 1783 SPB 4.900 — — — 18.18 2.45 1,683.7 0.500 0.185 0.220 0.200 0100 ESCERAM 0.210 0.010 760 0.208 13.82 2.86 43.2
4.151 3.070 3.320 3.190 8664 SPSETIA 3.250 -0.050 4310.8 3.248 10.91 5.99 12,197.7 0.370 0.215 0.245 0.235 0175 HHGROUP 0.235 -0.010 148.3 0.240 32.64 — 72.5
1.590 1.180 — — 3743 SUNSURIA 1.290 — — — 11.37 — 1,030.5 0.145 0.085 0.105 0.105 0160 HHHCORP 0.105 Unch 841.4 0.105 19.09 — 35.0
1.035 0.695 0.790 0.770 1538 SYMLIFE 0.780 -0.015 9.4 0.783 5.73 3.85 241.8 0.355 0.222 0.260 0.255 0188 HLT 0.260 Unch 100 0.259 — — 103.5
0.510 0.255 0.285 0.270 4022 TADMAX 0.280 0.010 338.1 0.276 — — 150.8 0.555 0.205 0.355 0.340 0162 IJACOBS 0.345 0.010 1494.3 0.350 29.24 — 47.2
0.410 0.285 0.365 0.350 5158 TAGB 0.365 UNCH 81.2 0.358 6.33 1.10 1,942.4 0.149 0.085 0.095 0.085 0024 JAG 0.085 -0.005 1542.1 0.090 11.33 1.06 117.1
0.055 0.035 0.045 0.040 2259 TALAMT 0.040 -0.005 1078 0.040 — — 168.8 0.250 0.140 0.190 0.180 0025 LNGRES 0.180 Unch 455 0.185 20.00 — 43.6
1.423 0.875 0.910 0.875 5191 TAMBUN 0.880 -0.010 744 0.889 3.68 11.36 381.3 0.115 0.040 0.060 0.055 0070 MQTECH 0.055 -0.005 565.5 0.055 — — 22.8
0.165 0.075 0.130 0.125 2429 TANCO 0.130 0.010 84.3 0.125 — — 86.0 0.848 0.424 0.590 0.580 0049 OCNCASH 0.585 0.010 297.9 0.585 12.11 1.37 130.5
0.315 0.195 — — 7889 THRIVEN 0.200 — — — — — 75.3 0.610 0.180 0.300 0.290 0038 PTB 0.290 -0.005 8.6 0.294 — — 43.6
0.085 0.035 0.045 0.035 7079 TIGER 0.040 -0.005 5899.9 0.040 — — 67.7 0.175 0.100 0.120 0.120 0133 SANICHI 0.120 Unch 185.8 0.120 — — 41.8
0.910 0.650 0.685 0.675 5239 TITIJYA 0.680 UNCH 145.4 0.678 6.88 0.37 914.2 0.060 0.025 0.035 0.030 0109 SCBUILD 0.030 -0.005 155.8 0.030 — — 26.5
1.036 0.860 0.900 0.890 5401 TROP 0.900 UNCH 169.5 0.896 8.74 1.78 1,323.4 0.460 0.125 0.415 0.400 0001 SCOMNET 0.405 -0.005 561.2 0.406 40.10 — 98.4
1.360 1.010 1.130 1.110 5148 UEMS 1.120 UNCH 986.6 1.119 17.20 — 5,081.9 0.289 0.147 0.175 0.175 0028 SCOPE 0.175 -0.005 283 0.175 29.17 2.86 98.1
2.700 2.300 2.550 2.510 5200 UOADEV 2.550 0.010 440.4 2.533 6.42 5.88 4,422.3 0.290 0.140 0.175 0.165 0055 SERSOL 0.170 -0.005 720 0.172 141.67 — 36.6
0.525 0.210 — — 6378 WMG 0.250 — — — — — 106.5 0.875 0.159 0.450 0.430 0084 TECFAST 0.430 -0.020 284.7 0.439 22.87 0.88 98.1
TECHNOLOGY
1.100 0.905 0.950 0.950 7003 Y&G 0.950 UNCH 0.7 0.950 33.93 — 189.4 0.995 0.290 — — 0018 ACCSOFT 0.600 — — — 28.30 — 499.7
1.620 1.300 1.420 1.390 3158 YNHPROP 1.420 0.030 52.9 1.408 25.72 — 751.2 0.750 0.310 0.520 0.510 0181 AEMULUS 0.510 -0.010 1115.5 0.511 28.18 — 223.8
1.750 1.340 1.500 1.460 7066 YONGTAI 1.490 0.010 767.5 1.482 36.97 — 717.0 0.455 0.310 0.360 0.355 0119 APPASIA 0.355 Unch 825.9 0.357 — — 122.6
0.670 0.495 0.525 0.515 2577 YTLLAND 0.515 0.005 91.6 0.522 8.24 — 434.8 0.450 0.120 0.155 0.150 0068 ASDION 0.155 0.005 3.2 0.150 — — 18.0
MINING 0.960 0.580 0.865 0.835 0098 BAHVEST 0.860 -0.005 1162.9 0.852 — — 518.1
2.820 1.180 2.320 2.260 2186 KUCHAI 2.260 -0.050 161 2.278 5.63 0.43 279.7 0.644 0.450 0.500 0.485 0195 BINACOM 0.485 -0.015 494.5 0.493 — 1.03 126.1
PLANTATIONS 0.764 0.585 0.680 0.650 0191 CABNET 0.675 0.065 845 0.678 13.16 — 87.8
0.285 0.180 0.200 0.200 7054 AASIA 0.200 -0.015 2 0.200 — — 132.0 0.250 0.030 0.160 0.145 0152 DGB 0.155 0.010 14901.4 0.152 110.71 — 90.7
19.627 17.818 19.140 19.000 1899 BKAWAN 19.000 -0.160 10 19.049 13.53 3.16 8,283.1 0.160 0.030 0.110 0.100 0131 DGSB 0.100 -0.010 15987.7 0.105 — — 135.6
8.639 8.200 — — 5069 BLDPLNT 8.210 — — — 35.93 0.49 767.6 0.068 0.035 0.045 0.040 0154 EAH 0.040 Unch 8279 0.040 28.57 — 139.1
1.720 1.461 1.700 1.680 5254 BPLANT 1.690 -0.010 305.5 1.691 3.98 7.10 2,704.0 0.215 0.100 0.120 0.110 0107 EDUSPEC 0.110 -0.005 100.9 0.115 — — 110.2
1.000 0.760 0.820 0.800 8982 CEPAT 0.800 -0.005 41 0.801 8.55 1.88 254.8 0.500 0.080 0.390 0.390 0116 FOCUS 0.390 -0.005 42 0.390 — — 305.8
8.141 7.268 — — 1929 CHINTEK 7.600 — — — 18.09 2.63 694.4 1.750 0.820 1.410 1.360 0104 GENETEC 1.380 -0.020 218.3 1.374 — — 53.4
0.735 0.415 0.580 0.570 3948 DUTALND 0.570 -0.005 177 0.574 167.65 — 482.3 0.090 0.035 — — 0045 GNB 0.035 — — — — — 10.1
9.693 8.080 — — 5029 FAREAST 8.530 — — — 8.92 3.52 1,206.1 0.195 0.080 0.155 0.145 0074 GOCEAN 0.155 0.005 652.7 0.149 — — 44.9
2.180 1.468 2.040 1.950 5222 FGV 2.030 0.080 13149.3 1.997 37.18 0.49 7,405.7 0.100 0.045 0.060 0.055 0174 IDMENSN 0.055 -0.005 1392.2 0.055 55.00 — 29.9
11.614 9.520 10.240 9.910 2291 GENP 9.960 -0.180 18.5 10.040 18.75 1.36 8,002.3 0.533 0.325 0.355 0.345 0023 IFCAMSC 0.345 -0.010 835.6 0.348 18.16 1.45 209.9
0.653 0.500 0.565 0.555 7382 GLBHD 0.560 0.005 15.7 0.561 373.3 1.79 124.8 0.145 0.060 0.095 0.085 0094 INIX 0.085 -0.010 769.3 0.089 — — 21.6
1.440 1.125 — — 2135 GOPENG 1.300 — — — 46.10 3.08 233.1 0.245 0.115 0.205 0.190 0010 IRIS 0.195 Unch 31673.9 0.197 — — 482.0
1.450 0.284 0.950 0.930 0146 JFTECH 0.930 -0.020 74.7 0.944 27.11 1.29 195.3
0.890 0.550 0.625 0.625 7501 HARNLEN 0.625 UNCH 95 0.625 18.71 — 115.9 1.694 1.560 1.610 1.590 0127 JHM 1.590 Unch 265.6 1.592 26.46 0.47 835.7
2.700 2.540 2.570 2.550 5138 HSPLANT 2.560 -0.010 46.6 2.558 15.29 5.66 2,048.0 0.270 0.150 0.180 0.175 0111 K1 0.175 -0.010 265 0.178 — — 90.9
3.323 2.280 2.310 2.300 2216 IJMPLNT 2.300 -0.010 314.1 2.300 28.19 3.04 2,025.3 0.460 0.100 0.120 0.115 0036 KGROUP 0.115 Unch 931.3 0.115 — — 49.2
0.940 0.650 0.690 0.670 2607 INCKEN 0.685 UNCH 22 0.680 — 1.64 288.2 1.280 0.320 0.775 0.745 0176 KRONO 0.755 -0.015 2501.2 0.757 17.72 — 247.6
1.380 0.815 0.940 0.815 6262 INNO 0.820 -0.100 906.4 0.858 10.51 2.44 392.7 0.180 0.050 0.135 0.130 0017 M3TECH 0.135 0.005 3737.5 0.131 — — 79.2
4.780 4.310 4.770 4.700 1961 IOICORP 4.750 0.020 1552.8 4.738 30.47 2.00 29,848.3 0.690 0.230 0.570 0.550 0075 MEXTER 0.560 -0.005 41.4 0.559 — — 144.4
1.400 1.000 1.110 1.090 4383 JTIASA 1.100 UNCH 497.1 1.097 50.23 0.45 1,071.1 0.520 0.300 0.315 0.300 0155 MGRC 0.300 -0.030 33.2 0.307 — — 31.1
25.780 23.172 25.740 25.440 2445 KLK 25.500 0.060 266.2 25.543 28.13 1.96 27,221.4 1.160 0.610 0.680 0.630 0126 MICROLN 0.680 Unch 149.7 0.643 11.02 — 113.8
5.000 2.982 4.400 4.310 2453 KLUANG 4.400 0.020 58.2 4.398 66.07 0.23 278.0 0.583 0.380 0.405 0.400 0112 MIKROMB 0.400 -0.005 263.2 0.400 16.81 3.58 172.4
4.835 3.316 4.190 4.180 5027 KMLOONG 4.180 UNCH 52.6 4.186 13.51 4.07 1,303.3 0.465 0.065 0.075 0.070 0085 MLAB 0.070 Unch 1993.1 0.070 — — 46.9
0.855 0.515 0.845 0.820 1996 KRETAM 0.840 UNCH 7862.7 0.835 56.38 1.19 1,955.2 0.268 0.153 0.170 0.165 0034 MMAG 0.170 -0.005 667.7 0.168 — — 77.4
1.750 1.350 1.450 1.450 6572 KWANTAS 1.450 0.060 10 1.450 11.37 — 451.9 2.028 0.581 1.590 1.560 0113 MMSV 1.570 0.020 430 1.575 12.12 1.27 255.9
1.490 1.050 — — 4936 MALPAC 1.100 — — — — — 82.5 0.130 0.055 0.085 0.080 0103 MNC 0.085 0.005 1028.4 0.085 — — 40.7
0.934 0.780 0.810 0.800 5026 MHC 0.800 -0.005 114.3 0.801 9.93 1.88 157.2 0.310 0.195 0.210 0.205 0156 MPAY 0.205 -0.005 1261.8 0.206 — — 145.6
2.388 1.700 — — 5047 NPC 2.000 — — — 6.71 0.50 240.0 0.684 0.125 0.160 0.150 0092 MTOUCHE 0.160 0.010 3891.4 0.153 23.19 — 81.4
4.187 3.671 3.710 3.710 2038 NSOP 3.710 0.010 1 3.710 30.04 1.62 260.4 1.140 0.700 0.950 0.940 0108 N2N 0.945 Unch 56 0.943 20.95 2.12 452.1
0.300 0.150 — — 1902 PINEPAC 0.190 — — — — — 28.5 0.110 0.020 0.045 0.040 0020 NETX 0.040 Unch 3983.5 0.041 16.00 — 97.6
1.380 0.850 — — 9695 PLS 0.865 — — — — — 282.6 0.055 0.030 0.040 0.035 0096 NEXGRAM 0.035 -0.005 217.6 0.035 — — 65.9
0.150 0.070 0.105 0.105 0026 NOVAMSC 0.105 -0.005 811.7 0.105 — — 71.7
0.540 0.330 0.360 0.350 5113 RSAWIT 0.355 UNCH 73.5 0.354 — — 503.6
0.652 0.355 0.390 0.385 0035 OPCOM 0.385 0.015 63 0.386 30.31 10.39 62.1
4.000 3.341 — — 2542 RVIEW 3.520 — — — 13.12 2.27 228.3 0.379 0.270 0.295 0.290 0040 OPENSYS 0.290 Unch 111.9 0.291 18.35 3.45 86.4
4.180 2.931 3.450 3.440 2569 SBAGAN 3.440 0.010 4.7 3.449 — 0.58 228.2 0.380 0.115 0.150 0.145 0079 ORION 0.150 Unch 4838.4 0.148 — — 89.8
0.720 0.500 0.530 0.530 4316 SHCHAN 0.530 -0.020 11.3 0.530 — — 63.6 0.230 0.125 0.135 0.130 0123 PRIVA 0.130 -0.005 223.3 0.134 — — 72.6
6.000 4.580 5.560 5.500 5285 SIMEPLT 5.550 0.010 2186.5 5.547 10.34 — 37,744.7 0.944 0.602 0.735 0.730 0106 REXIT 0.735 Unch 27.2 0.733 16.94 4.08 139.2
4.720 3.480 3.700 3.620 5126 SOP 3.700 0.080 125 3.660 9.08 1.35 2,112.2 0.430 0.271 0.335 0.320 0178 SEDANIA 0.325 -0.010 306.3 0.326 75.58 3.08 73.4
1.890 1.520 1.780 1.760 5135 SWKPLNT 1.780 0.020 35 1.774 14.38 — 498.4 0.190 0.065 0.085 0.085 0060 SKH 0.085 Unch 140 0.085 35.42 — 51.8
0.694 0.415 0.450 0.415 2054 TDM 0.425 -0.025 3105.6 0.426 386.3 1.18 704.6 0.280 0.120 0.220 0.210 0169 SMTRACK 0.210 -0.005 2688.5 0.211 — — 28.5
1.184 0.985 1.000 0.990 5112 THPLANT 0.990 -0.010 29.2 0.997 5.56 1.62 875.0 0.343 0.200 0.220 0.215 0093 SOLUTN 0.215 -0.005 356 0.217 7.36 4.65 65.9
1.888 1.560 1.590 1.580 9059 TSH 1.590 -0.010 388.2 1.590 30.75 1.26 2,197.1 0.360 0.120 0.220 0.205 0129 SRIDGE 0.215 -0.005 4943.2 0.211 — — 26.0
7.015 5.604 6.330 6.300 2593 UMCCA 6.310 UNCH 37.2 6.318 16.13 2.85 1,323.0 0.470 0.230 0.315 0.305 0050 SYSTECH 0.305 -0.010 317.3 0.310 66.30 0.98 106.1
28.700 25.877 28.480 28.200 2089 UTDPLT 28.480 -0.020 5.3 28.308 14.78 1.40 5,927.7 0.180 0.125 0.130 0.130 0132 TDEX 0.130 -0.005 104.2 0.130 108.33 — 70.7
HOTELS 0.580 0.055 0.455 0.435 0005 UCREST 0.435 -0.010 15805.2 0.440 20.81 — 183.1
0.628 0.465 0.500 0.500 5592 GCE 0.500 -0.005 13 0.500 — 4.00 98.5 0.965 0.430 0.480 0.470 0120 VIS 0.475 -0.005 129.7 0.476 11.85 0.69 80.1
1.000 0.690 0.860 0.850 1643 LANDMRK 0.860 UNCH 94 0.855 — — 454.8 0.190 0.105 0.115 0.110 0069 VIVOCOM 0.110 -0.005 1435 0.112 26.19 — 373.9
0.230 0.125 0.145 0.135 1287 PMHLDG 0.135 -0.010 172.2 0.140 337.50 — 125.4 0.155 0.080 0.135 0.130 0066 VSOLAR 0.135 Unch 1741.6 0.132 — — 52.1
5.588 4.800 5.050 5.030 5517 SHANG 5.040 -0.010 5.4 5.031 28.78 2.78 2,217.6 0.055 0.020 — — 0141 WINTONI 0.035 — — — — — 18.0
TECHNOLOGY 0.275 0.110 0.170 0.165 0086 YGL 0.170 -0.005 32 0.165 — — 39.5
0.880 0.610 0.630 0.630 7031 AMTEL 0.630 0.020 1.3 0.630 — — 31.0 TRADING SERVICES
0.400 0.220 0.255 0.255 0122 AIM 0.255 0.005 25.6 0.255 — — 67.8
0.420 0.210 0.240 0.235 5195 CENSOF 0.240 UNCH 175.3 0.239 — — 120.4 0.165 0.080 — — 0048 ANCOMLB 0.100 — — — — — 47.3
0.665 0.170 0.570 0.540 0051 CUSCAPI 0.550 -0.020 8733.2 0.553 — — 290.9 0.250 0.155 0.170 0.165 0187 BCMALL 0.170 Unch 100.8 0.165 28.81 — 71.6
0.800 0.382 0.665 0.645 7204 D&O 0.655 UNCH 630.1 0.654 33.94 — 659.9 0.392 0.265 0.275 0.275 0011 BTECH 0.275 Unch 1 0.275 17.41 5.82 69.3
0.710 0.165 0.285 0.270 8338 DATAPRP 0.270 -0.015 1772.6 0.275 — — 113.8 0.235 0.118 0.135 0.130 0150 FINTEC 0.130 Unch 12933.7 0.131 0.79 — 62.4
0.235 0.105 0.120 0.115 0029 DIGISTA 0.120 UNCH 1592.1 0.115 — — 79.0 0.320 0.150 — — 0157 FOCUSP 0.200 — — — — — 33.0
1.543 1.200 1.320 1.210 5162 ECS 1.280 0.070 58.6 1.237 8.43 4.30 230.4 0.759 0.430 0.590 0.560 0039 GFM 0.580 -0.010 494.2 0.573 23.67 2.50 248.3
1.670 1.310 1.410 1.360 0065 EFORCE 1.370 -0.020 364.9 1.381 86.71 0.91 566.9 0.880 0.570 — — 0147 INNITY 0.570 — — — — — 78.9
2.895 1.535 2.620 2.580 0090 ELSOFT 2.600 -0.040 20.2 2.606 23.17 1.92 716.0 0.330 0.245 0.285 0.275 0193 KAB 0.280 Unch 931 0.281 10.22 — 89.6
1.870 0.970 1.460 1.400 0021 GHLSYS 1.450 0.010 94.8 1.442 47.39 0.34 956.2 0.310 0.165 0.170 0.165 0180 KTC 0.165 -0.005 364.5 0.169 86.84 — 84.2
0.590 0.260 0.510 0.490 0082 GPACKET 0.500 -0.005 11979.5 0.502 — — 379.4 0.350 0.160 — — 0167 MCLEAN 0.180 — — — — — 32.2
0.280 0.190 0.230 0.230 0056 GRANFLO 0.230 UNCH 30 0.230 15.86 — 111.1 0.440 0.175 — — 0081 MEGASUN 0.185 — — — 9.30 — 40.6
7.050 4.055 6.350 6.280 7022 GTRONIC 6.290 0.040 252.4 6.302 54.79 0.64 1,796.2 0.280 0.170 — — 0153 OVERSEA 0.200 — — — — — 49.3
0.940 0.612 — — 5028 HTPADU 0.750 — — — 8.87 6.67 75.9 0.310 0.135 0.170 0.160 0022 PARLO 0.165 -0.005 345.2 0.164 — — 60.1
3.820 1.938 3.500 3.440 0166 INARI 3.490 UNCH 3678.9 3.469 27.70 2.46 7,207.0 0.200 0.115 — — 0177 PASUKGB 0.145 — — — — — 117.7
0.435 0.130 0.190 0.180 9393 ITRONIC 0.180 -0.010 6.5 0.186 — — 18.5 0.450 0.280 — — 0006 PINEAPP 0.420 — — — 75.00 — 20.4
0.668 0.395 0.420 0.415 5161 JCY 0.420 UNCH 208.9 0.420 21.11 8.93 872.3 0.364 0.228 — — 0171 PLABS 0.315 — — — 18.98 1.90 67.6
22.635 9.494 20.600 20.000 9334 KESM 20.380 0.380 24 20.390 19.32 0.61 876.6 0.350 0.131 0.305 0.290 0186 PTRANS 0.295 -0.010 5823.7 0.297 13.05 3.08 370.9
0.340 0.080 0.195 0.180 0143 KEYASIC 0.180 -0.015 5934.9 0.187 — — 160.3 0.355 0.085 0.290 0.270 0007 PUC 0.275 -0.005 60193.3 0.280 161.76 — 412.2
14.410 8.620 9.620 9.090 3867 MPI 9.530 0.550 562.2 9.388 11.27 3.04 2,000.2 0.615 0.315 0.325 0.320 0032 REDTONE 0.320 -0.010 130.2 0.324 — — 242.6
0.635 0.360 0.400 0.385 0173 REV 0.395 0.010 603.9 0.394 1.00 — 53.2
1.467 1.013 — — 5011 MSNIAGA 1.290 — — — 13.67 3.88 77.9 0.698 0.452 0.570 0.555 0158 SCC 0.555 Unch 140.3 0.559 12.73 5.62 78.3
1.327 0.455 0.650 0.630 0083 NOTION 0.630 -0.020 1096.7 0.638 13.88 3.57 208.3 0.275 0.165 0.220 0.215 0161 SCH 0.215 -0.005 503.3 0.215 29.05 — 88.6
0.605 0.440 0.495 0.480 9008 OMESTI 0.485 -0.005 219.5 0.485 — — 209.1 0.300 0.145 0.195 0.195 0117 SMRT 0.195 Unch 94 0.195 — — 71.1
0.375 0.225 0.255 0.245 0041 PANPAGE 0.255 0.005 428.4 0.248 — — 67.7 0.315 0.140 0.300 0.270 0140 STERPRO 0.300 0.025 661.3 0.290 — — 96.4
3.140 0.757 2.660 2.560 7160 PENTA 2.600 0.050 3012.7 2.614 23.21 — 823.1 0.300 0.115 0.270 0.265 0080 STRAITS 0.265 Unch 766 0.265 35.33 — 97.5
0.675 0.310 0.420 0.420 9075 THETA 0.420 -0.015 0.2 0.420 — — 45.0 0.907 0.700 0.730 0.730 0089 TEXCYCL 0.730 Unch 50 0.730 9.85 0.55 187.0
0.232 0.035 0.045 0.040 0118 TRIVE 0.045 0.005 10509.9 0.040 90.00 — 85.2 0.230 0.125 — — 0145 TFP 0.155 — — — — — 31.8
4.158 2.520 2.840 2.640 5005 UNISEM 2.840 0.150 3515.3 2.792 11.65 3.87 2,084.1 0.145 0.095 0.105 0.100 0165 XOX 0.100 Unch 9585.8 0.100 15.63 — 99.3
6.880 1.934 6.410 6.320 0097 VITROX 6.350 -0.040 734.8 6.352 36.66 0.55 2,985.6 FINANCE
1.750 0.803 1.140 1.130 0008 WILLOW 1.140 0.010 45.9 1.133 13.33 1.75 282.7 0.965 0.430 0.610 0.585 0053 OSKVI 0.610 0.005 2.3 0.596 3.49 3.28 120.5

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL
(‘000)
PARENT EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
1.080 0.175 0.670 0.600 4324CF HENGYUAN-CF 0.600 Unch 44 14.120 8.880 5.38 22/03/2018
Main Market & Ace Market Warrants 0.995 0.125 0.765 0.620 4324CH HENGYUAN-CH 0.630 -0.115 9332.7 14.120 8.000 10.20 29/06/2018
0.620 0.145 0.425 0.365 4324CI HENGYUAN-CI 0.370 -0.040 1311.2 14.120 7.880 8.22 29/06/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.595 0.125 0.405 0.320 4324CJ HENGYUAN-CJ 0.325 -0.060 5271.8 14.120 8.580 6.80 29/06/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.850 0.150 0.365 0.290 4324CK HENGYUAN-CK 0.310 -0.030 6333.3 14.120 10.500 13.88 24/07/2018
0.830 0.280 0.600 0.500 4324CL HENGYUAN-CL 0.500 -0.045 39.6 14.120 10.600 17.56 31/07/2018
0.515 0.150 0.325 0.300 70312 A50CHIN-C12 0.300 -0.035 110 7.909 8.459 12.64 28/06/2018 0.670 0.210 0.475 0.355 4324CM HENGYUAN-CM 0.370 -0.080 21667.7 14.120 12.300 21.18 25/06/2018
0.150 0.115 0.150 0.150 70314 A50CHIN-C14 0.150 0.010 22.5 7.909 10.201 31.82 27/09/2018 0.290 0.100 0.200 0.150 4324CN HENGYUAN-CN 0.150 -0.035 924.4 14.120 24.000 83.78 28/09/2018
0.110 0.025 0.055 0.045 523810 AAX-C10 0.050 0.005 4272.2 0.400 0.400 12.50 26/04/2018 0.350 0.030 0.255 0.190 4324CO HENGYUAN-CO 0.200 -0.025 36182.6 14.120 18.000 52.97 31/10/2018
0.145 0.035 0.100 0.075 523811 AAX-C11 0.085 0.005 29301.7 0.400 0.380 16.25 21/06/2018 0.300 0.160 0.255 0.210 4324CP HENGYUAN-CP 0.210 -0.025 699.4 14.120 18.880 61.82 06/08/2018
0.095 0.025 0.060 0.050 523812 AAX-C12 0.050 Unch 6363.2 0.400 0.360 5.00 30/03/2018 0.220 0.100 0.175 0.135 4324CQ HENGYUAN-CQ 0.140 -0.020 3201.2 14.120 16.880 49.29 28/09/2018
0.110 0.065 0.085 0.080 523813 AAX-C13 0.080 0.005 434.5 0.400 0.410 22.50 06/08/2018 0.210 0.100 0.170 0.130 4324CR HENGYUAN-CR 0.140 -0.020 2403.3 14.120 19.080 59.92 28/09/2018
0.090 0.065 0.085 0.070 523814 AAX-C14 0.075 Unch 7918.6 0.400 0.450 35.00 31/10/2018 0.410 0.275 0.410 0.360 4324CS HENGYUAN-CS 0.360 -0.020 3155 14.120 18.880 69.41 31/10/2018
0.310 0.145 0.200 0.190 5238WA AAX-WA 0.195 0.005 5619.4 0.400 0.460 63.75 08/06/2020 0.265 0.090 0.265 0.255 5072WB HIAPTEK-WB 0.260 -0.005 2988.5 0.510 0.500 49.02 23/06/2021
0.140 0.085 0.100 0.100 2488CU ABMB-CU 0.100 -0.005 50 4.100 3.880 9.27 31/07/2018 0.190 0.090 0.185 0.155 5199CA HIBISCS-CA 0.155 -0.025 10403.7 0.980 1.000 33.67 30/11/2018
0.330 0.065 0.100 0.100 7315WB AHB-WB 0.100 -0.010 90 0.225 0.200 33.33 28/08/2019 0.145 0.075 0.140 0.125 5199CB HIBISCS-CB 0.125 -0.015 1053.2 0.980 1.200 47.96 30/11/2018
0.290 0.095 0.275 0.270 509958 AIRASIAC58 0.275 0.010 948 4.300 3.300 2.33 26/04/2018 0.135 0.075 0.095 0.080 5199CC HIBISCS-CC 0.080 -0.010 71982.9 0.980 1.400 64.90 28/09/2018
0.145 0.030 0.040 0.035 5014CV AIRPORT-CV 0.040 Unch 1527.9 8.620 8.800 5.34 30/04/2018 0.190 0.120 0.140 0.140 0188WA HLT-WA 0.140 Unch 100 0.260 0.200 30.77 27/12/2022
0.215 0.140 0.160 0.160 5014CW AIRPORT-CW 0.160 0.005 120 8.620 8.500 9.74 23/08/2018 0.225 0.135 0.200 0.195 7213WB HOVID-WB 0.195 -0.005 212.8 0.350 0.180 7.14 05/06/2018
0.420 0.145 0.160 0.150 7609WA AJIYA-WA 0.160 0.015 165.2 0.570 0.920 89.47 28/08/2021 0.105 0.020 0.060 0.055 7013WB HUBLINE-WB 0.060 Unch 131.6 0.110 0.200 136.36 20/12/2020
0.135 0.010 0.035 0.030 1015C1 AMBANK-C1 0.030 -0.005 222 4.640 5.000 9.70 30/04/2018 0.050 0.015 0.035 0.030 9601WD HWGB-WD 0.030 Unch 1332.6 0.070 0.080 57.14 15/03/2021
0.120 0.070 0.085 0.085 1015C4 AMBANK-C4 0.085 0.005 100 4.640 4.580 9.70 31/07/2018 0.235 0.085 0.100 0.095 4251WA IBHD-WA 0.100 -0.020 96 0.520 1.410 190.38 08/10/2019
0.295 0.080 0.205 0.190 1015C5 AMBANK-C5 0.200 Unch 395 4.640 4.300 3.45 28/09/2018 0.055 0.020 0.025 0.025 0174WA IDMENSN-WA 0.025 Unch 15 0.055 0.100 127.27 14/07/2020
0.170 0.045 0.065 0.045 6556CF ANNJOO-CF 0.060 -0.005 52.3 3.670 4.000 16.02 30/04/2018 0.225 0.070 0.195 0.165 5225C6 IHH-C6 0.165 -0.040 110 6.130 5.700 1.06 31/07/2018
0.115 0.020 0.040 0.040 6556CG ANNJOO-CG 0.040 Unch 180 3.670 4.380 24.03 14/05/2018 0.105 0.035 0.045 0.045 333611 IJM-C11 0.045 Unch 215 2.820 3.300 19.81 31/07/2018
0.155 0.050 0.090 0.085 6556CH ANNJOO-CH 0.085 -0.010 108 3.670 4.000 21.04 24/07/2018 0.210 0.100 0.165 0.165 16610 INARI-C10 0.165 Unch 407 3.490 3.800 23.07 31/07/2018
0.130 0.050 0.080 0.080 6556CI ANNJOO-CI 0.080 Unch 250 3.670 3.880 18.80 31/07/2018 0.195 0.080 0.135 0.135 16611 INARI-C11 0.135 Unch 50 3.490 3.200 11.03 30/08/2018
0.160 0.090 0.135 0.135 6556CK ANNJOO-CK 0.135 Unch 95.1 3.670 4.400 32.77 28/09/2018 0.100 0.050 0.090 0.080 16612 INARI-C12 0.090 Unch 193.3 3.490 3.800 16.62 31/10/2018
0.170 0.080 0.140 0.130 6556CL ANNJOO-CL 0.135 -0.010 759 3.670 4.000 16.35 31/10/2018 0.440 0.080 0.330 0.325 0166C4 INARI-C4 0.325 -0.005 17 3.490 2.500 -0.43 26/04/2018
0.070 0.030 0.035 0.030 9342WC ANZO-WC 0.030 -0.005 270 0.080 0.200 187.50 18/06/2020 0.700 0.095 0.540 0.540 0166C6 INARI-C6 0.540 0.040 30 3.490 2.400 -0.29 30/04/2018
0.335 0.185 0.255 0.245 0119WA APPASIA-WA 0.245 -0.005 177 0.355 0.130 5.63 23/12/2024 0.215 0.045 0.110 0.095 0166C7 INARI-C7 0.110 Unch 3495.8 3.490 3.500 9.74 14/05/2018
0.240 0.085 0.180 0.160 521029 ARMADA-C29 0.180 0.005 1452.6 0.850 0.750 4.12 29/06/2018 0.490 0.150 0.355 0.350 0166C9 INARI-C9 0.355 -0.005 95 3.490 2.800 3.12 30/08/2018
0.190 0.100 0.145 0.135 521030 ARMADA-C30 0.135 0.010 231 0.850 0.750 4.12 29/06/2018 3.000 1.300 2.650 2.630 0166WB INARI-WB 2.640 -0.010 88.6 3.490 0.800 -1.43 17/02/2020
0.175 0.085 0.125 0.120 521031 ARMADA-C31 0.125 -0.005 940 0.850 0.780 6.47 29/06/2018 0.115 0.020 0.060 0.050 0094WA INIX-WA 0.050 -0.010 2190.9 0.085 0.100 76.47 16/11/2020
0.205 0.100 0.160 0.150 521032 ARMADA-C32 0.160 Unch 502.2 0.850 0.670 3.29 29/06/2018 0.545 0.190 0.290 0.275 3379WB INSAS-WB 0.280 -0.010 369.2 0.910 1.000 40.66 25/02/2020
0.095 0.040 0.065 0.060 521033 ARMADA-C33 0.065 Unch 1142.5 0.850 0.800 7.88 24/07/2018 0.155 0.145 0.155 0.145 196117 IOICORP-C17 0.155 0.005 1000 4.750 4.900 12.29 24/08/2018
0.090 0.040 0.070 0.065 521034 ARMADA-C34 0.065 -0.005 505 0.850 0.850 13.76 25/09/2018 0.063 0.030 0.030 0.030 0024WA JAG-WA 0.030 Unch 60 0.085 0.100 52.94 14/08/2019
0.070 0.060 0.070 0.070 521036 ARMADA-C36 0.070 Unch 600 0.850 1.000 30.82 28/09/2018 0.045 0.020 0.025 0.025 0024WB JAG-WB 0.025 Unch 107.5 0.085 0.150 105.88 15/11/2020
0.090 0.080 0.085 0.080 521037 ARMADA-C37 0.085 -0.005 350 0.850 0.900 15.88 30/11/2018 0.080 0.005 0.020 0.015 5161C6 JCY-C6 0.015 Unch 75 0.420 0.585 42.86 29/06/2018
0.664 0.095 0.240 0.230 7099WB ATTA-WB 0.230 Unch 50.2 0.930 0.870 18.28 09/05/2022 0.130 0.065 0.130 0.105 8923WA JIANKUN-WA 0.125 0.010 2045.3 0.395 0.320 12.66 23/12/2021
0.120 0.040 0.040 0.040 0072WB AT-WB 0.040 Unch 18.2 0.100 0.090 30.00 17/10/2019 0.075 0.055 0.075 0.075 4383CQ JTIASA-CQ 0.075 Unch 200 1.100 1.200 19.32 06/08/2018
0.165 0.045 0.110 0.110 688820 AXIATA-C20 0.110 Unch 35 5.670 5.200 -0.53 28/02/2018 0.155 0.005 0.010 0.010 5247C4 KAREX-C4 0.010 Unch 100 1.060 1.550 47.64 30/04/2018
0.500 0.180 0.475 0.460 0098WA BAHVEST-WA 0.475 0.005 301 0.860 0.870 56.40 20/08/2024 0.075 0.030 0.035 0.035 5247C7 KAREX-C7 0.035 0.005 50 1.060 1.450 45.05 23/08/2018
0.085 0.015 0.025 0.025 4162CJ BAT-CJ 0.025 -0.005 300 29.900 43.500 47.58 31/07/2018 0.100 0.050 0.055 0.050 5247C9 KAREX-C9 0.050 -0.005 90 1.060 1.400 43.87 28/09/2018
0.270 0.075 0.135 0.115 5248CT BAUTO-CT 0.125 Unch 271.6 2.180 2.100 4.93 31/07/2018 0.035 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 130 0.070 0.131 115.71 20/10/2023
0.450 0.265 0.285 0.275 5258WA BIMB-WA 0.275 -0.005 452.5 4.090 4.720 22.13 04/12/2023 0.490 0.135 0.340 0.335 0151WA KGB-WA 0.335 -0.015 149.8 0.830 0.500 0.60 12/06/2019
0.155 0.065 0.080 0.075 6998WA BINTAI-WA 0.080 -0.005 51.7 0.165 0.200 69.70 15/06/2020 0.120 0.035 0.035 0.035 0036WB KGROUP-WB 0.035 Unch 50 0.115 0.200 104.35 01/05/2020
0.230 0.115 0.145 0.140 0179WA BIOHLDG-WA 0.145 0.005 366.4 0.240 0.220 52.08 05/01/2022 0.815 0.555 0.630 0.630 5171WA KIMLUN-WA 0.630 -0.005 70 2.150 1.680 7.44 12/03/2024
0.095 0.030 0.035 0.035 3395C5 BJCORP-C5 0.035 Unch 445 0.330 0.350 16.67 24/07/2018 0.130 0.050 0.065 0.065 7164WB KNM-WB 0.065 Unch 189.5 0.235 1.000 353.19 21/04/2020
0.160 0.075 0.080 0.080 3395WB BJCORP-WB 0.080 -0.005 1056.8 0.330 1.000 227.27 22/04/2022 0.092 0.050 0.060 0.060 7017WB KOMARK-WB 0.060 0.005 159.1 0.190 0.230 52.63 21/01/2020
0.175 0.090 0.105 0.095 3395WC BJCORP-WC 0.100 -0.005 2765 0.330 1.000 233.33 29/05/2026 0.260 0.140 0.240 0.240 7153CW KOSSAN-CW 0.240 0.040 100 8.680 8.000 10.14 24/08/2018
0.071 0.030 0.040 0.035 7036WC BORNOIL-WC 0.040 Unch 50.2 0.085 0.070 29.41 08/11/2025 1.460 0.780 1.200 1.110 5789WA LBS-WA 1.200 -0.220 45.8 2.230 1.000 -1.35 11/06/2018
0.065 0.035 0.040 0.040 7036WD BORNOIL-WD 0.040 0.005 30 0.085 0.070 29.41 29/05/2027 0.145 0.020 0.030 0.025 5284CG LCTITAN-CG 0.030 Unch 2342.7 5.180 6.500 28.96 30/04/2018
0.155 0.020 0.080 0.080 181813 BURSA-C13 0.080 Unch 65 10.800 10.500 0.93 30/03/2018 0.095 0.035 0.045 0.045 5068WA LUSTER-WA 0.045 Unch 200 0.100 0.100 45.00 03/06/2022
0.210 0.055 0.175 0.165 181814 BURSA-C14 0.165 -0.010 215 10.800 10.000 1.76 29/06/2018 0.090 0.020 0.065 0.060 0017WA M3TECH-WA 0.065 0.005 1898.6 0.135 0.100 22.22 21/08/2019
0.110 0.005 0.020 0.015 102327 CIMB-C27 0.015 -0.005 222.9 5.340 7.700 45.32 19/03/2018 0.105 0.005 0.010 0.005 858311 MAHSING-C11 0.010 0.005 700 0.880 1.600 82.95 30/04/2018
0.380 0.150 0.315 0.305 102328 CIMB-C28 0.315 0.005 101 7.120 6.000 1.97 30/04/2018 0.070 0.010 0.010 0.010 858313 MAHSING-C13 0.010 -0.005 1100 1.220 1.600 32.79 25/06/2018
0.350 0.140 0.290 0.280 102330 CIMB-C30 0.280 Unch 3292.5 7.120 6.700 6.69 29/06/2018 0.170 0.085 0.095 0.090 8583WC MAHSING-WC 0.095 0.005 73.6 1.220 2.100 79.92 21/02/2020
0.140 0.125 0.140 0.135 102332 CIMB-C32 0.140 0.005 592.2 7.120 7.900 20.79 28/09/2018 0.090 0.080 0.090 0.090 526410 MALAKOFC10 0.090 Unch 360 0.935 0.970 22.99 28/09/2018
0.365 0.055 0.280 0.265 0051WA CUSCAPI-WA 0.265 -0.015 1434.8 0.550 0.270 -2.73 24/04/2018 0.160 0.020 0.025 0.025 5264C2 MALAKOF-C2 0.025 Unch 15 0.935 1.050 14.97 30/04/2018
0.810 0.305 0.480 0.480 8125WB DAIBOCI-WB 0.480 -0.025 51.2 2.400 2.500 24.17 19/06/2022 0.090 0.005 0.010 0.005 5264C3 MALAKOF-C3 0.005 -0.005 241 0.935 1.000 8.02 19/03/2018
0.035 0.010 0.015 0.015 7179WB DBE-WB 0.015 Unch 335 0.040 0.050 62.50 22/01/2022 0.055 0.010 0.015 0.015 5264C6 MALAKOF-C6 0.015 Unch 370 0.935 1.200 30.75 29/06/2018
0.220 0.110 0.160 0.145 3484WA DBHD-WA 0.145 0.010 757.4 0.555 0.580 30.63 27/11/2020 0.100 0.040 0.070 0.070 5264C8 MALAKOF-C8 0.070 Unch 89 0.935 1.000 14.44 31/10/2018
0.375 0.115 0.330 0.300 727723 DIALOG-C23 0.300 -0.020 1248.8 2.680 2.300 2.61 30/08/2018 0.990 0.095 0.180 0.160 6181WB MALTON-WB 0.165 -0.005 5770.4 0.955 1.000 21.99 29/06/2018
0.190 0.135 0.170 0.170 727724 DIALOG-C24 0.170 Unch 20 2.680 2.400 8.58 23/08/2018 0.500 0.289 0.320 0.310 5236WA MATRIX-WA 0.320 Unch 26.1 2.170 2.400 25.35 20/07/2020
0.140 0.075 0.110 0.100 727725 DIALOG-C25 0.100 -0.010 173.1 2.680 2.900 16.42 31/07/2018 0.015 0.005 0.005 0.005 5189WA MAXWELL-WA 0.005 Unch 500 0.015 0.400 2,600 24/03/2020
0.165 0.050 0.070 0.070 0029WB DIGISTA-WB 0.070 0.005 20 0.120 0.260 175.00 04/04/2023 0.240 0.035 0.210 0.210 115531 MAYBANKC31 0.210 -0.010 152.1 10.140 9.500 -0.10 28/02/2018
0.370 0.085 0.190 0.180 4456WD DNEX-WD 0.180 -0.010 8527.5 0.465 0.500 46.24 30/07/2021 0.120 0.055 0.085 0.080 115533 MAYBANKC33 0.080 -0.010 200 10.140 10.000 1.78 19/03/2018
0.070 0.035 0.050 0.045 7198WB DPS-WB 0.050 Unch 201 0.080 0.100 87.50 15/01/2025 0.420 0.125 0.350 0.335 115534 MAYBANKC34 0.340 -0.010 1058 10.140 9.250 -0.39 30/08/2018
0.485 0.040 0.370 0.335 161937 DRBHCOMC37 0.345 -0.005 10226.4 2.500 1.850 1.60 30/03/2018 0.180 0.090 0.160 0.160 115536 MAYBANKC36 0.160 Unch 180 10.140 9.400 2.17 23/08/2018
0.250 0.030 0.190 0.175 161940 DRBHCOMC40 0.175 -0.010 370 2.500 2.000 1.00 30/03/2018 0.120 0.085 0.120 0.110 115538 MAYBANKC38 0.115 Unch 2768.4 10.140 10.500 5.82 30/11/2018
0.215 0.020 0.150 0.135 161941 DRBHCOMC41 0.140 -0.005 1215.4 2.500 2.150 2.80 30/03/2018 0.125 0.105 0.105 0.105 115539 MAYBANKC39 0.105 Unch 50 10.140 11.500 18.07 31/10/2018
0.550 0.095 0.465 0.460 161942 DRBHCOMC42 0.460 0.010 70 2.500 1.650 2.80 31/05/2018 0.705 0.400 0.580 0.570 5152WA MBL-WA 0.580 Unch 54.3 1.260 0.800 9.52 28/11/2022
0.380 0.075 0.295 0.280 161944 DRBHCOMC44 0.280 -0.010 767 2.500 2.000 2.40 09/04/2018 0.110 0.100 0.110 0.110 117110 MBSB-C10 0.110 0.010 15 1.200 1.300 17.50 30/11/2018
0.380 0.135 0.325 0.315 161946 DRBHCOMC46 0.315 -0.005 90 2.500 1.650 3.80 27/07/2018 0.105 0.005 0.005 0.005 1171C3 MBSB-C3 0.005 -0.005 701 0.600 1.350 126.67 28/02/2018
0.280 0.205 0.230 0.220 161947 DRBHCOMC47 0.220 -0.005 3312.7 2.500 2.400 19.76 28/09/2018 0.150 0.030 0.085 0.080 1171C4 MBSB-C4 0.080 -0.010 150 1.200 1.250 10.83 29/06/2018
0.210 0.140 0.180 0.160 161948 DRBHCOMC48 0.170 -0.010 6304.5 2.500 2.200 11.80 21/09/2018 0.105 0.050 0.075 0.070 1171C5 MBSB-C5 0.070 -0.005 1811.6 1.200 1.050 5.00 30/04/2018
0.160 0.080 0.115 0.110 161950 DRBHCOMC50 0.110 -0.005 399.5 2.500 2.800 25.20 25/07/2018 0.065 0.015 0.030 0.025 1171C6 MBSB-C6 0.030 0.005 6409 1.200 1.400 21.67 14/05/2018
0.270 0.140 0.225 0.200 161951 DRBHCOMC51 0.205 -0.010 569.2 2.500 2.500 16.40 31/10/2018 0.255 0.090 0.200 0.190 1171C7 MBSB-C7 0.190 -0.010 980 1.200 1.100 7.50 28/09/2018
0.200 0.125 0.150 0.130 161953 DRBHCOMC53 0.135 -0.005 3139.5 2.500 2.500 21.60 28/09/2018 0.110 0.050 0.080 0.080 1171C8 MBSB-C8 0.080 0.005 169.5 1.200 1.200 13.33 31/07/2018
0.155 0.100 0.110 0.110 161954 DRBHCOMC54 0.110 0.005 65 2.500 3.100 39.40 13/08/2018 0.090 0.060 0.075 0.070 1171C9 MBSB-C9 0.075 Unch 1072 1.200 1.450 39.58 31/10/2018
0.155 0.125 0.140 0.130 161955 DRBHCOMC55 0.135 Unch 758 2.500 3.500 56.20 31/10/2018 0.199 0.045 0.065 0.050 1694WB MENANG-WB 0.060 Unch 90.2 0.465 0.550 31.18 09/07/2019
0.080 0.020 0.030 0.025 5216C3 DSONIC-C3 0.025 Unch 1245 1.030 1.280 29.13 29/06/2018 0.310 0.125 0.165 0.145 7234WA MESB-WA 0.150 -0.015 424.3 0.405 0.300 11.11 27/12/2022
0.100 0.025 0.035 0.035 5216C5 DSONIC-C5 0.035 -0.005 114.8 1.030 1.290 32.04 31/07/2018 0.530 0.110 0.450 0.400 0075WA MEXTER-WA 0.415 -0.035 82.1 0.560 0.130 -2.68 17/09/2018
0.085 0.070 0.080 0.080 5216C6 DSONIC-C6 0.080 0.005 300 1.030 1.100 26.21 31/10/2018 0.100 0.020 0.040 0.030 5186C5 MHB-C5 0.035 -0.005 1703 0.855 0.900 13.45 14/05/2018
0.125 0.090 0.095 0.090 341712 E&O-C12 0.090 -0.005 50 1.460 1.550 18.49 23/08/2018 0.275 0.100 0.160 0.140 5186C6 MHB-C6 0.140 -0.035 96 0.855 0.800 6.67 30/08/2018
0.033 0.010 0.015 0.015 0154WC EAH-WC 0.015 Unch 600 0.040 0.070 112.50 18/06/2019 0.120 0.030 0.060 0.060 5186C8 MHB-C8 0.060 -0.005 80 0.855 0.920 21.64 24/08/2018
0.030 0.015 0.020 0.020 0154WD EAH-WD 0.020 Unch 747.1 0.040 0.050 75.00 25/10/2022 0.115 0.005 0.015 0.010 381612 MISC-C12 0.015 -0.010 1146.8 4.278 7.500 76.37 30/03/2018
0.155 0.030 0.065 0.065 5253CE ECONBHD-CE 0.065 -0.005 28.5 1.190 1.160 6.22 30/04/2018 0.250 0.105 0.170 0.145 381614 MISC-C14 0.145 -0.045 156.4 7.110 7.050 4.76 28/09/2018
0.230 0.035 0.065 0.055 5253CF ECONBHD-CF 0.065 -0.005 2550 1.190 1.180 5.71 22/03/2018 0.065 0.060 0.060 0.060 381615 MISC-C15 0.060 Unch 30 7.110 7.880 14.21 17/08/2018
0.190 0.045 0.060 0.060 5253CG ECONBHD-CG 0.060 0.010 20 1.190 1.240 10.25 30/03/2018 0.105 0.020 0.040 0.040 0085WA MLAB-WA 0.040 -0.005 241.9 0.070 0.090 85.71 24/04/2020
0.590 0.260 0.310 0.290 5253WA ECONBHD-WA 0.300 Unch 1641.6 1.190 1.250 30.25 02/01/2023 0.070 0.025 0.030 0.030 0085WB MLAB-WB 0.030 -0.005 200 0.070 0.150 157.14 10/09/2020
0.120 0.010 0.080 0.080 8206CM ECOWLD-CM 0.080 Unch 50 1.360 1.350 13.97 31/07/2018 0.085 0.045 0.050 0.050 0034WB MMAG-WB 0.050 Unch 962.7 0.170 0.200 47.06 27/11/2022
0.710 0.320 0.340 0.325 8206WA ECOWLD-WA 0.330 -0.010 45 1.360 2.080 77.21 26/03/2022 0.115 0.005 0.010 0.010 2194C6 MMCCORP-C6 0.010 -0.005 90 1.930 2.450 27.98 30/04/2018
1.360 0.950 1.030 0.985 0065WA EFORCE-WA 0.985 -0.035 153.9 1.370 0.340 -3.28 17/07/2019 0.265 0.055 0.080 0.070 2194C8 MMCCORP-C8 0.070 -0.015 51 1.930 2.000 9.07 31/07/2018
0.515 0.255 0.285 0.270 8907WC EG-WC 0.275 -0.015 201.8 0.560 0.500 38.39 03/11/2020 0.055 0.025 0.035 0.035 0103WA MNC-WA 0.035 Unch 660 0.085 0.100 58.82 05/11/2021
0.080 0.030 0.050 0.045 8877CE EKOVEST-CE 0.045 -0.005 410 1.010 1.200 29.06 29/06/2018 0.180 0.030 0.085 0.085 5237CI MPHBCAP-CI 0.085 0.015 123 1.560 1.500 7.05 31/05/2018
0.175 0.080 0.110 0.100 8877CF EKOVEST-CF 0.105 -0.010 5916.5 1.010 1.000 18.76 29/06/2018 0.110 0.010 0.020 0.010 3867CH MPI-CH 0.020 0.010 34102.5 9.530 13.50 44.39 29/06/2018
0.090 0.040 0.055 0.050 8877CG EKOVEST-CG 0.050 -0.010 1514.8 1.010 1.100 22.77 24/07/2018 0.060 0.020 0.030 0.025 0070WA MQTECH-WA 0.030 0.005 608.8 0.055 0.100 136.36 21/11/2021
1.350 0.475 0.630 0.620 8877WB EKOVEST-WB 0.625 -0.010 173.9 1.010 0.480 9.41 25/06/2019 0.125 0.010 0.050 0.045 165121 MRCB-C21 0.045 -0.010 1216.8 1.140 1.222 12.33 30/04/2018
0.075 0.040 0.050 0.045 5283CJ EWINT-CJ 0.050 Unch 261.7 1.070 1.200 21.50 30/08/2018 0.070 0.015 0.015 0.015 165125 MRCB-C25 0.015 Unch 300 1.140 1.309 17.58 30/03/2018
0.450 0.200 0.235 0.220 5283WA EWINT-WA 0.225 Unch 321.4 1.070 1.450 56.54 02/04/2022 0.285 0.050 0.150 0.150 165126 MRCB-C26 0.150 Unch 320 1.140 1.056 6.98 29/06/2018
0.570 0.185 0.415 0.410 7047WB FAJAR-WB 0.410 -0.010 72 0.760 0.700 46.05 24/09/2019 0.115 0.050 0.070 0.070 165127 MRCB-C27 0.070 Unch 1774.7 1.140 1.300 29.39 28/09/2018
0.185 0.005 0.160 0.145 06503F FBMKLCI-C3F 0.145 -0.015 120 1,855 1,780 -0.18 30/03/2018 0.080 0.065 0.080 0.075 165129 MRCB-C29 0.075 -0.005 420 1.140 1.300 22.26 30/11/2018
0.255 0.035 0.240 0.230 06503J FBMKLCI-C3J 0.230 -0.010 95 1,855 1,740 -0.05 31/05/2018 0.125 0.020 0.025 0.020 1651WA MRCB-WA 0.020 -0.005 2689.8 1.140 1.680 49.12 14/09/2018
0.255 0.030 0.225 0.210 06503K FBMKLCI-C3K 0.210 -0.015 62 1,855 1,750 -0.05 29/06/2018 0.440 0.295 0.350 0.345 1651WB MRCB-WB 0.350 Unch 1304 1.140 1.250 40.35 29/10/2027
0.450 0.260 0.445 0.400 06503L FBMKLCI-C3L 0.445 0.045 48 1,855 1,860 5.02 29/06/2018 0.090 0.060 0.070 0.070 0092WC MTOUCHE-WC 0.070 0.005 100 0.160 0.200 68.75 02/11/2020
0.135 0.055 0.105 0.095 06503N FBMKLCI-C3N 0.095 -0.015 593.9 1,855 1,830 1.16 31/07/2018 0.150 0.030 0.100 0.090 13821 MYEG-C21 0.100 0.015 1685 2.630 2.280 1.90 30/03/2018
0.100 0.055 0.085 0.080 06503O FBMKLCI-C3O 0.080 -0.010 110 1,855 1,850 1.83 30/08/2018 0.155 0.035 0.095 0.095 13822 MYEG-C22 0.095 0.010 146.8 2.630 2.400 2.09 30/03/2018
0.215 0.010 0.025 0.015 06504H FBMKLCI-H4H 0.020 Unch 326.3 916.29 1,780 95.35 30/03/2018 0.270 0.055 0.200 0.190 13824 MYEG-C24 0.200 0.010 1273 2.630 2.100 -0.38 28/02/2018
0.180 0.005 0.035 0.035 06504K FBMKLCI-H4K 0.035 Unch 69.3 1,609 1,755 10.13 30/04/2018 0.360 0.090 0.305 0.295 13825 MYEG-C25 0.305 0.020 87.6 2.630 2.000 2.14 29/06/2018
0.170 0.015 0.045 0.035 06504L FBMKLCI-H4L 0.045 0.010 737.1 1,855 1,740 -5.04 31/05/2018 0.210 0.090 0.210 0.210 13828 MYEG-C28 0.210 0.040 50 2.630 2.550 12.93 25/09/2018
0.205 0.025 0.075 0.055 06504M FBMKLCI-H4M 0.070 0.015 4954 1,855 1,750 -3.82 29/06/2018 0.360 0.090 0.320 0.310 13829 MYEG-C29 0.320 0.015 297 2.630 2.200 4.94 28/09/2018
0.330 0.145 0.160 0.145 06504N FBMKLCI-H4N 0.160 0.015 1345 1,855 1,730 -5.06 29/06/2018 0.255 0.130 0.205 0.200 13831 MYEG-C31 0.200 0.005 474.3 2.630 2.500 14.07 28/09/2018
0.495 0.275 0.355 0.285 06504O FBMKLCI-H4O 0.350 0.075 842.7 1,855 1,810 1.29 29/06/2018 0.200 0.100 0.160 0.155 13832 MYEG-C32 0.160 0.010 8287 2.630 2.800 24.71 28/09/2018
0.195 0.065 0.120 0.100 06504P FBMKLCI-H4P 0.120 0.020 1318.4 1,855 1,830 1.83 31/07/2018 0.230 0.100 0.195 0.185 13833 MYEG-C33 0.195 0.020 361.6 2.630 2.500 9.89 31/10/2018
0.175 0.120 0.135 0.125 06504Q FBMKLCI-H4Q 0.135 0.010 1058.2 1,855 1,850 3.31 30/08/2018 0.105 0.050 0.080 0.080 13835 MYEG-C35 0.080 Unch 949.6 1.140 2.650 167.54 28/09/2018
0.245 0.065 0.150 0.120 522231 FGV-C31 0.145 0.005 19353.6 2.030 1.630 -1.85 30/03/2018 0.065 0.010 0.025 0.025 0020WB NETX-WB 0.025 0.005 170 0.040 0.050 87.50 08/06/2019
0.165 0.060 0.105 0.090 522238 FGV-C38 0.105 0.020 49 2.030 1.850 4.06 19/04/2018 0.415 0.220 0.255 0.245 0172WA OCK-WA 0.245 -0.005 296 0.800 0.710 19.38 15/12/2020
0.315 0.100 0.230 0.190 522239 FGV-C39 0.230 0.040 2606.6 2.030 1.750 6.03 31/07/2018 0.255 0.105 0.145 0.130 7071WC OCR-WC 0.140 0.005 396.8 0.540 0.500 18.52 24/07/2021
0.135 0.050 0.080 0.070 522240 FGV-C40 0.080 0.010 3915.6 2.030 2.200 17.44 29/06/2018 0.280 0.025 0.030 0.030 9008WB OMESTI-WB 0.030 Unch 50 0.485 0.500 9.28 30/05/2018
0.190 0.075 0.130 0.110 522241 FGV-C41 0.130 0.020 3781.3 2.030 2.000 12.61 25/06/2018 0.095 0.040 0.085 0.080 0079WA ORION-WA 0.080 -0.005 5731.3 0.150 0.170 66.67 26/07/2022
0.215 0.110 0.160 0.150 522242 FGV-C42 0.160 0.015 2183.6 2.030 1.900 14.88 28/09/2018 0.247 0.120 0.150 0.150 5053WC OSK-WC 0.150 Unch 17.1 1.050 1.200 28.57 22/07/2020
0.185 0.090 0.135 0.120 522243 FGV-C43 0.135 0.020 180 2.030 2.000 15.15 21/09/2018 0.300 0.150 0.215 0.195 5125WB PANTECH-WB 0.215 0.015 45.2 0.625 0.500 14.40 21/12/2021
0.080 0.040 0.065 0.060 522244 FGV-C44 0.065 0.010 1022 2.030 2.300 22.27 25/07/2018 0.095 0.020 0.070 0.065 7225WB PA-WB 0.070 -0.005 9867 0.085 0.060 52.94 17/12/2022
0.095 0.060 0.085 0.085 522245 FGV-C45 0.085 0.015 50 2.030 2.200 25.12 28/09/2018 0.390 0.040 0.340 0.305 129515 PBBANK-C15 0.320 0.020 567.7 22.080 20.300 -0.82 30/04/2018
0.080 0.065 0.080 0.080 522246 FGV-C46 0.080 0.010 25 2.030 2.400 30.05 13/08/2018 0.235 0.055 0.190 0.160 129516 PBBANK-C16 0.185 0.020 2263.7 22.079 20.800 0.91 30/04/2018
0.145 0.105 0.135 0.125 522247 FGV-C47 0.135 0.015 5006 2.030 2.450 36.65 31/10/2018 0.155 0.040 0.155 0.145 129517 PBBANK-C17 0.145 0.010 57.7 22.080 21.000 1.68 22/03/2018
0.130 0.090 0.130 0.110 522248 FGV-C48 0.130 0.025 992.2 2.030 2.100 16.26 30/11/2018 0.155 0.065 0.125 0.110 129518 PBBANK-C18 0.115 0.005 2363 22.080 21.500 2.06 09/04/2018
0.110 0.040 0.050 0.045 0150WA FINTEC-WA 0.050 Unch 150 0.130 0.300 169.23 19/04/2024 0.150 0.060 0.120 0.115 6068WA PCCS-WA 0.115 -0.005 619.3 0.315 0.600 126.98 25/12/2022
0.105 0.045 0.055 0.050 0150WB FINTEC-WB 0.050 0.005 983.3 0.130 0.150 53.85 03/12/2022 0.360 0.130 0.320 0.315 518313 PCHEM-C13 0.315 Unch 450 8.100 7.000 0.03 31/05/2018
0.130 0.060 0.080 0.070 9318WB FITTERS-WB 0.080 0.010 70.1 0.415 1.000 160.24 12/10/2019 0.250 0.140 0.225 0.225 518314 PCHEM-C14 0.225 0.025 40.8 8.100 7.300 4.01 29/06/2018
0.740 0.360 0.400 0.385 9261WB GADANG-WB 0.390 -0.005 240.4 1.060 1.060 36.79 29/11/2021 0.150 0.075 0.125 0.110 518315 PCHEM-C15 0.110 0.005 1477 8.100 8.000 5.56 14/05/2018
0.120 0.025 0.060 0.050 539839 GAMUDA-C39 0.060 -0.005 430.1 5.050 5.350 9.50 31/05/2018 0.150 0.150 0.150 0.150 518318 PCHEM-C18 0.150 Unch 800 8.100 8.000 5.25 30/11/2018
1.480 1.060 1.180 1.150 5398WE GAMUDA-WE 1.170 -0.010 500 5.050 4.050 3.37 06/03/2021 0.050 0.035 0.045 0.040 6254WB PDZ-WB 0.045 Unch 1404.2 0.080 0.100 81.25 29/01/2023
0.770 0.195 0.595 0.575 5226WA GBGAQRS-WA 0.575 -0.015 746.2 1.950 1.300 -3.85 20/07/2018 0.115 0.025 0.055 0.050 5219CB PESTECH-CB 0.055 -0.005 133.5 1.800 2.080 21.67 31/05/2018
0.490 0.300 0.450 0.380 3611WA GBH-WA 0.380 -0.020 80.1 1.420 1.000 -2.82 07/04/2020 0.105 0.020 0.045 0.040 5219CC PESTECH-CC 0.045 -0.005 160.3 1.800 2.000 17.36 14/05/2018
0.075 0.045 0.045 0.045 0078CJ GDEX-CJ 0.045 -0.005 150 0.615 0.700 22.60 31/07/2018 0.155 0.020 0.100 0.080 5681CS PETDAG-CS 0.100 0.005 1243.2 25.300 24.100 -0.79 30/03/2018
0.572 0.350 0.410 0.410 0078WB GDEX-WB 0.410 Unch 267 0.615 0.383 28.86 05/02/2020 0.250 0.050 0.170 0.105 6033CP PETGAS-CP 0.105 -0.035 66.6 17.800 18.000 6.14 31/07/2018
0.250 0.100 0.155 0.155 471530 GENM-C30 0.155 0.005 100 5.500 6.000 16.14 31/07/2018 0.200 0.100 0.195 0.170 6033CQ PETGAS-CQ 0.170 -0.015 550 17.800 17.000 6.97 24/08/2018
0.145 0.070 0.095 0.095 471531 GENM-C31 0.095 0.015 30 5.500 5.800 13.75 24/07/2018 0.535 0.180 0.250 0.235 3042CE PETRONM-CE 0.235 0.020 88 11.620 10.880 13.86 30/04/2018
0.250 0.155 0.195 0.195 471532 GENM-C32 0.195 0.010 420 5.500 5.100 6.91 27/07/2018 0.385 0.090 0.160 0.125 3042CF PETRONM-CF 0.125 -0.015 380 11.620 11.000 7.57 09/04/2018
0.135 0.045 0.065 0.060 318246 GENTINGC46 0.060 -0.005 666 9.130 9.850 11.17 31/07/2018 0.305 0.115 0.165 0.155 3042CG PETRONM-CG 0.160 0.005 381.7 11.620 9.880 12.56 29/06/2018
1.950 1.300 1.480 1.460 3182WA GENTING-WA 1.470 -0.010 247.9 9.130 7.960 3.29 18/12/2018 0.455 0.170 0.240 0.215 3042CI PETRONM-CI 0.215 -0.015 40 11.620 11.100 14.03 29/06/2018
0.260 0.090 0.245 0.245 3204CA GKENT-CA 0.245 Unch 30 3.980 2.880 3.14 31/05/2018 0.305 0.100 0.155 0.115 3042CJ PETRONM-CJ 0.115 -0.010 798.1 11.620 13.000 26.72 24/07/2018
0.260 0.130 0.240 0.230 3204CB GKENT-CB 0.230 -0.010 50 3.980 3.180 3.02 31/05/2018 0.290 0.070 0.120 0.100 3042CK PETRONM-CK 0.100 -0.010 1888.9 11.620 12.500 20.48 11/06/2018
0.190 0.110 0.170 0.160 3204CE GKENT-CE 0.165 Unch 857 3.980 3.700 9.55 06/08/2018 0.155 0.080 0.100 0.100 3042CL PETRONM-CL 0.100 0.020 20 11.620 15.800 50.17 21/09/2018
0.230 0.080 0.090 0.085 1147WA GOB-WA 0.090 Unch 31 0.310 0.800 187.10 24/12/2019 0.170 0.050 0.110 0.090 3042CM PETRONM-CM 0.095 -0.005 3965.5 11.619 14.500 34.61 31/10/2018
0.085 0.030 0.040 0.035 0074WA GOCEAN-WA 0.040 0.005 23.3 0.155 0.340 145.16 07/08/2019 0.130 0.080 0.100 0.095 3042CN PETRONM-CN 0.095 -0.010 455.5 11.620 13.500 36.62 28/09/2018
0.145 0.070 0.080 0.080 7022CM GTRONIC-CM 0.080 0.005 200 6.290 6.600 15.74 24/07/2018 0.515 0.095 0.495 0.495 8869C1 PMETAL-C1 0.495 Unch 44.1 5.750 3.800 0.52 29/06/2018
0.195 0.055 0.075 0.065 3034CV HAPSENG-CV 0.065 -0.010 319.6 9.150 9.000 1.91 30/04/2018 0.330 0.150 0.310 0.305 8869C3 PMETAL-C3 0.305 -0.005 274.8 5.750 4.300 1.30 14/05/2018
0.075 0.055 0.075 0.055 3034CW HAPSENG-CW 0.060 -0.005 787.8 9.150 10.000 11.26 30/11/2018 0.305 0.145 0.280 0.280 8869C4 PMETAL-C4 0.280 0.005 15.3 5.750 5.000 6.43 29/06/2018
0.425 0.180 0.390 0.390 5168C4 HARTA-C4 0.390 0.010 177 11.820 9.400 5.92 24/08/2018 0.300 0.085 0.275 0.260 8869C6 PMETAL-C6 0.260 -0.010 285 5.750 5.000 5.04 28/09/2018
0.195 0.110 0.190 0.185 5168C6 HARTA-C6 0.185 -0.005 922 11.820 12.000 17.17 24/08/2018 0.225 0.170 0.205 0.200 8869C7 PMETAL-C7 0.200 -0.005 55.6 5.750 6.300 23.48 28/09/2018
0.120 0.090 0.120 0.115 5168C9 HARTA-C9 0.115 0.005 295 11.820 12.000 14.17 30/11/2018 0.150 0.120 0.150 0.150 8869C8 PMETAL-C8 0.150 0.005 200 5.750 6.000 14.78 30/11/2018
1.540 0.255 1.070 0.900 4324CD HENGYUAN-CD 0.900 -0.090 468.3 14.120 7.000 0.57 19/03/2018 1.050 0.520 0.595 0.550 7088WB POHUAT-WB 0.595 0.045 35 1.520 1.000 4.93 21/10/2020
1.170 0.170 0.745 0.590 4324CE HENGYUAN-CE 0.610 -0.075 1244.5 14.120 8.800 1.20 19/03/2018 0.185 0.020 0.040 0.030 463411 POS-C11 0.035 -0.005 1101.6 5.000 5.300 9.15 30/04/2018
WED N E S DAY F E BRUA RY 21 , 2018 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Japan — Nikkei drops as financials,
index-heavyweights underperform
TOKYO: Japanese stocks dropped
yesterday as a combination of a retreat in
risk appetite and profit-taking dented the
broader market, with financials and index-
heavy shares underperforming.
The Nikkei 225 Index dropped 1.01%
to 21,925.10, after rising 2% on Monday.
The broader Topix declined 0.7% to
1,762.45, with only 1.23 billion shares
changing hands, the lowest since late
December. Turnover also dropped 14%
to the lowest since late December to ¥2.2
trillion.
Banks and insurers lost ground, with
Mitsubishi UFJ Financial Group declining
1.1%, Sumitomo Mitsui Financial Group
shedding 1.2% and T&D Holdings dropped
2.3%.
Index-heavy stocks, which rose on
Monday, languished. Fast Retailing fell
2.2% and Fanuc Corp stumbled 2.5%.
The incoming Bank of Japan (BoJ)
leadership looks similar to the one going
out but its mission ahead will likely be much
different — winding down extraordinary
stimulus measures of the past five years
and communicating how that will be done
to the markets.
The government reappointed BoJ
governor Haruhiko Kuroda for another
five-year term when his current one ends
in April, signalling no big changes will be
made to the bank’s policy framework.
The background of the two deputy
governors, who will assume their posts in
March, also won’t change much. One of the
openings will be filled by a career central
banker, Masayoshi Amamiya, and the other
by an academic, Masazumi Wakatabe.
While Japan has some way to go in
meeting its 2% inflation target, Kuroda
can at least lay claim to stemming the
deflationary doldrums the economy fell
into the previous two decades before he
took over in 2013.
In his second term, Kuroda’s biggest
challenge will be to lay the grounds for an
eventual exit from his radical monetary
experiment.
For now, the BoJ may need to continue
its ultra-easy policy partly to prevent the
recent market rout and a strengthening yen
from hurting an export-reliant recovery.
BoJ officials say they have internal
calculations for an exit strategy. Unlike its
US and European peers, however, the BoJ
has not made public disclosures about an
exit plan. Kuroda has said it’s premature
to discuss one with inflation distant from
his target.
The exit — or even a discussion of it
— would require Kuroda and his deputies
to send a consistent message on those
plans to the markets.
“Unlike easing, you can’t do shock and
awe when telegraphing an exit path. It’s
not that simple,” said one of the sources.
Global market — European stocks
struggle; Wall Street to restart lower
LONDON: A six-day rebound in world stocks
spluttered to a halt yesterday as bond
market borrowing costs regained traction
and the US dollar kicked firmly off a three-
year low.
The rise in bond yields looked set to
pressure Wall Street’s main indixes when
it reopened after a holiday on Monday,
though there was plenty in Europe and
Asia to subdue the mood anyway.
Europe’s main bourses held steady,
supported by softer domestic currencies.
The US Treasury 10-year yields — the
benchmark for global borrowing costs —
were also on the up again and approaching
3% for the first time in four years.
“I just advise caution,” Principal Global
Investors chief global economist Bob Baur
said about stocks with Wall Street futures
pointed around 0.7% lower.
“I’m not sure whether this (early
February sell-off) was the dip to buy. There
will probably be a relapse and then another
relapse, before maybe around mid-summer
stocks make another run-up.”
European bond yields pushed up in
line with Treasuries, with traders also
pondering who might succeed Mario Draghi
as European Central Bank (ECB) chief next
year after Spain’s economy minister was
nominated for the bank’s number two job.
The choice of a southern European for
ECB vice-president increases the likelihood
of a northerner such as “hawkish” German
Bundesbank governor Jens Weidmann
getting Draghi’s seat, although there are
already a number of Germans in top
eurozone finance posts.
Back among equities, another catalyst
of the recent market upheaval, the VIX
volatility index — Wall Street’s “fear gauge”
— was moving higher again.
It was up to 21% ahead of US trading,
although that was still less than half the
more than 50 level it peaked at earlier this
month.
The S&P 500 futures were down 0.4%,
while Europe’s STOXX 600 has ended the
session near its day’s lows, with almost every
sector (except for oil and gas) in negative
territory. It’s interesting that BlackRock has
upgraded US equities to “overweight” while
moving Europe to “neutral”, saying that while
Europe’s earnings momentum is robust, it
is lagging behind other regions.
And though currency moves helped keep
the Europe level more broadly, banking
giant HSBC and BHP, the world’s biggest
miner, both had torrid days — the worst
in over a year in HSBC’s case — after
disappointing results.
US traders winced too as retail behemoth
Walmart’s shares slumped more than 6%
in pre-market trade after it reported a lower-
than-expected quarterly profit and a sharp
drop in online sales growth during the busy
holiday period. — Reuters

Nikkei 225 FT Straits Times Euro STOXX 50 Index Dow Jones

Index points Index points Index points Index points
24500 3700 3900 27500

2,774.06
20400 3375 3415 23025
2,772.70
16300 3050 2930 18550
10,172.06 10,403.79
21,925.10
12200 -224.11 2725 2445 3,407.79 14075 25,219.38
3,476.53 -19.01
(-1.01%) -11.35 +19.01
(-0.55%) (+0.08%)
8100 (-0.33%)
2400 1960 9600
Mar 1, 2010 Feb 20, 2018
Mar 1, 2010 Feb 20, 2018 Mar 1, 2010 Feb 19, 2018 Mar 1, 2010 Feb 18, 2018

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
0.125 0.055 0.125 0.095 710637 SUPERMX-C37 0.105 0.005 2324.6 2.460 2.650 20.53 17/08/2018
Main Market & Ace Market Warrants 0.130 0.075 0.130 0.100 710638 SUPERMX-C38 0.110 0.010 4401.4 2.460 2.650 21.14 03/09/2018
0.205 0.060 0.070 0.065 7082WB SYF-WB 0.070 0.010 180 0.345 0.700 123.19 11/11/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.330 0.040 0.050 0.050 8524WB TALIWRK-WB 0.050 Unch 18.3 0.905 1.700 93.37 11/11/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.130 0.025 0.025 0.025 0132WA TDEX-WA 0.025 -0.005 285.2 0.130 0.110 3.85 21/09/2018
0.365 0.050 0.245 0.235 534739 TENAGA-C39 0.240 -0.005 355.2 15.720 14.600 0.51 29/06/2018
0.120 0.030 0.050 0.050 463413 POS-C13 0.050 0.005 150 5.000 6.000 27.50 29/06/2018 0.165 0.055 0.145 0.145 534740 TENAGA-C40 0.145 Unch 200 15.720 16.000 11.01 24/07/2018
0.120 0.035 0.060 0.055 463414 POS-C14 0.060 0.005 786 5.000 5.400 15.20 30/08/2018 0.025 0.005 0.005 0.005 7079WB TIGER-WB 0.005 Unch 1716.6 0.040 0.170 337.50 23/12/2018
0.120 0.065 0.120 0.110 463415 POS-C15 0.115 0.010 234.4 5.000 4.900 8.35 30/11/2018 0.040 0.010 0.020 0.015 7079WC TIGER-WC 0.015 -0.005 1981 0.040 0.080 137.50 11/02/2021
0.710 0.170 0.245 0.200 8966WA PRLEXUS-WA 0.220 0.020 411.3 0.655 1.200 116.79 14/06/2021 0.125 0.040 0.060 0.050 486320 TM-C20 0.055 -0.020 1599.8 6.000 6.400 8.50 31/05/2018
0.145 0.065 0.080 0.080 7145WA PSIPTEK-WA 0.080 -0.005 273.1 0.130 0.100 38.46 16/11/2019 0.100 0.085 0.090 0.085 486321 TM-C21 0.090 -0.010 30.1 6.000 6.500 13.58 17/08/2018
0.215 0.100 0.175 0.160 0186WA PTRANS-WA 0.165 -0.005 4306.6 0.295 0.235 35.59 19/09/2020 0.810 0.250 0.275 0.250 8397WC TNLOGIS-WC 0.250 -0.025 20 1.160 1.000 7.76 26/12/2018
0.260 0.040 0.205 0.175 0007WA PUC-WA 0.180 -0.020 3980.7 0.275 0.100 1.82 25/12/2024 0.485 0.157 0.420 0.410 7285WA TOMYPAK-WA 0.410 0.010 34.5 0.960 0.930 39.58 21/06/2021
0.245 0.025 0.190 0.175 0007WB PUC-WB 0.175 -0.010 11062.9 0.275 0.100 0.00 15/02/2019 0.795 0.135 0.750 0.725 711323 TOPGLOV-C23 0.725 -0.010 118.5 9.630 6.500 1.38 28/09/2018
0.750 0.280 0.470 0.465 7134WA PWF-WA 0.470 0.005 30.2 0.995 0.620 9.55 20/07/2021 0.350 0.095 0.320 0.295 711325 TOPGLOV-C25 0.305 0.005 330 9.630 6.880 3.12 31/07/2018
0.150 0.065 0.105 0.095 5256WA REACH-WA 0.095 -0.010 6445.9 0.350 0.750 141.43 12/08/2022 0.620 0.155 0.565 0.530 711326 TOPGLOV-C26 0.530 -0.010 285 9.630 7.000 0.21 11/06/2018
0.240 0.065 0.145 0.140 1066C3 RHBBANK-C3 0.140 -0.020 197.6 5.230 5.000 3.63 29/06/2018 0.330 0.190 0.300 0.285 711327 TOPGLOV-C27 0.290 0.005 104 9.630 8.500 9.35 21/09/2018
0.140 0.075 0.105 0.095 1066C5 RHBBANK-C5 0.095 -0.005 402.8 5.230 5.000 6.50 31/07/2018 0.290 0.180 0.245 0.230 711328 TOPGLOV-C28 0.235 -0.005 840 9.630 10.000 20.92 30/08/2018
0.090 0.030 0.040 0.035 5270WA RSENA-WA 0.035 -0.005 2278.1 0.465 0.500 15.05 01/12/2023 0.305 0.135 0.245 0.215 711329 TOPGLOV-C29 0.230 0.010 2798.2 9.630 9.150 9.35 31/10/2018
0.145 0.010 0.015 0.010 521850 SAPNRGC50 0.010 -0.005 255 0.695 1.600 133.09 29/06/2018 0.290 0.165 0.240 0.230 711330 TOPGLOV-C30 0.235 0.010 218.7 9.630 9.000 12.98 06/08/2018
0.065 0.005 0.015 0.005 521853 SAPNRGC53 0.015 Unch 110.1 0.695 1.780 162.59 29/06/2018 0.060 0.015 0.025 0.020 0118WB TRIVE-WB 0.020 Unch 586.1 0.045 0.090 144.44 28/08/2020
0.090 0.010 0.015 0.015 521855 SAPNRGC55 0.015 Unch 98 0.695 1.550 129.50 24/07/2018 0.360 0.170 0.185 0.180 5401WA TROP-WA 0.180 -0.005 43 0.900 1.000 31.11 06/12/2019
0.170 0.070 0.085 0.080 521858 SAPNRGC58 0.080 -0.005 22828.3 0.695 0.880 46.19 30/08/2018 0.165 0.080 0.130 0.130 7100CA UCHITEC-CA 0.130 0.035 161.4 3.030 3.880 42.21 28/09/2018
0.175 0.075 0.085 0.080 521859 SAPNRGC59 0.085 -0.010 1511.6 0.695 0.800 33.45 21/09/2018 0.125 0.050 0.125 0.090 7100CC UCHITEC-CC 0.125 0.040 331 3.030 3.300 21.29 28/09/2018
0.175 0.100 0.125 0.110 521860 SAPNRGC60 0.110 -0.020 1446 0.695 0.800 30.94 31/10/2018 0.520 0.025 0.425 0.385 0005WA UCREST-WA 0.385 Unch 192.4 0.435 0.040 -2.30 20/03/2018
0.110 0.040 0.060 0.050 521861 SAPNRGC61 0.050 -0.010 2415.3 0.695 0.900 43.88 28/09/2018 0.060 0.005 0.010 0.010 514846 UEMS-C46 0.010 Unch 50 1.120 1.300 17.19 30/03/2018
0.095 0.065 0.070 0.070 521862 SAPNRGC62 0.070 -0.005 100 0.695 0.880 45.76 13/08/2018 0.160 0.040 0.080 0.080 514852 UEMS-C52 0.080 0.005 80 1.120 1.100 7.14 31/05/2018
0.060 0.035 0.040 0.040 521863 SAPNRGC63 0.040 -0.005 2228 0.695 1.000 55.40 17/08/2018 0.060 0.015 0.025 0.025 514853 UEMS-C53 0.025 -0.005 110 1.120 1.250 16.52 30/04/2018
0.185 0.080 0.130 0.120 0161WA SCH-WA 0.130 Unch 50.1 0.215 0.100 6.98 04/12/2021 0.075 0.030 0.035 0.035 514854 UEMS-C54 0.035 0.005 20 1.120 1.400 29.69 11/06/2018
0.260 0.170 0.200 0.195 7073WC SEACERA-WC 0.200 Unch 326.5 0.795 1.000 50.94 21/01/2021 0.270 0.015 0.190 0.190 4588C2 UMW-C2 0.190 Unch 50 6.620 5.700 0.45 30/04/2018
0.215 0.120 0.190 0.190 5279CF SERBADK-CF 0.190 -0.005 50 3.490 2.580 6.59 31/07/2018 0.070 0.060 0.070 0.065 524321 UMWOG-C21 0.065 Unch 1065 0.330 0.420 56.82 28/09/2018
0.240 0.150 0.205 0.200 5279CH SERBADK-CH 0.200 Unch 215 3.490 2.900 6.02 11/06/2018 0.270 0.095 0.165 0.155 5243WA UMWOG-WA 0.155 -0.005 12594.2 0.330 0.395 66.67 18/10/2024
0.350 0.095 0.250 0.230 7165WA SGB-WA 0.230 -0.010 370.2 0.830 0.600 0.00 07/04/2021 0.110 0.010 0.030 0.010 5005C2 UNISEM-C2 0.025 0.010 5447.2 2.840 3.650 32.04 27/07/2018
0.350 0.095 0.250 0.230 7165WA SGB-WA 0.230 -0.010 370.2 0.830 0.600 0.00 07/04/2021 0.095 0.065 0.080 0.075 5005C3 UNISEM-C3 0.080 0.015 200.1 2.840 3.300 27.46 13/08/2018
0.155 0.005 0.055 0.040 419715 SIME-C15 0.055 0.015 290.1 2.720 10.000 277.76 19/03/2018 0.200 0.015 0.025 0.020 5005CZ UNISEM-CZ 0.020 0.005 2778.6 2.840 3.800 35.92 31/05/2018
0.410 0.085 0.320 0.295 419716 SIME-C16 0.300 0.005 83 2.720 2.500 13.97 31/07/2018 0.335 0.190 0.225 0.225 0120WB VIS-WB 0.225 Unch 86.2 0.475 0.750 105.26 16/11/2022
0.605 0.195 0.475 0.455 419717 SIME-C17 0.460 0.015 1010.5 2.720 1.880 2.94 30/08/2018 0.365 0.115 0.275 0.275 0097CD VITROX-CD 0.275 0.005 150 6.350 4.800 1.57 19/04/2018
0.550 0.160 0.430 0.400 419718 SIME-C18 0.405 0.005 545.4 2.720 2.000 3.31 30/08/2018 0.340 0.120 0.235 0.230 0097CE VITROX-CE 0.230 0.005 241.2 6.350 5.000 0.47 09/04/2018
0.180 0.080 0.110 0.095 419719 SIME-C19 0.100 0.005 1945.4 2.720 3.000 17.65 31/10/2018 0.425 0.250 0.405 0.400 0097CF VITROX-CF 0.400 -0.005 51 6.350 4.550 3.15 29/06/2018
0.095 0.055 0.075 0.065 419721 SIME-C21 0.070 Unch 2627.3 2.720 3.100 20.40 17/08/2018 0.125 0.050 0.055 0.055 0069WC VIVOCOM-WC 0.055 -0.005 152.2 0.110 0.100 40.91 22/01/2020
0.210 0.035 0.100 0.100 5288CA SIMEPROP-CA 0.100 -0.005 259 1.450 1.450 13.79 30/08/2018 0.115 0.050 0.055 0.055 0069WD VIVOCOM-WD 0.055 -0.005 355.1 0.110 0.100 40.91 08/07/2020
0.130 0.070 0.075 0.070 5288CD SIMEPROP-CD 0.075 Unch 200 1.450 1.600 20.69 24/08/2018 0.055 0.020 0.030 0.030 7070WB VIZIONE-WB 0.030 -0.005 69 0.170 0.160 11.76 20/06/2018
0.200 0.050 0.075 0.075 7155CH SKPRES-CH 0.075 -0.010 30 1.860 2.150 25.67 27/07/2018 0.155 0.045 0.120 0.115 7070WC VIZIONE-WC 0.120 -0.005 75.4 0.170 0.100 29.41 05/02/2022
0.235 0.050 0.080 0.065 7155CI SKPRES-CI 0.070 Unch 2130.3 1.860 2.100 20.43 11/06/2018 0.215 0.120 0.160 0.155 6963CR VS-CR 0.155 0.010 500 3.000 2.480 3.33 29/06/2018
0.285 0.090 0.100 0.100 0093WA SOLUTN-WA 0.100 -0.005 20 0.215 0.200 39.53 04/07/2021 0.190 0.090 0.130 0.130 6963CS VS-CS 0.130 Unch 1330.4 3.000 2.680 6.67 29/06/2018
0.185 0.020 0.035 0.020 8664C1 SPSETIA-C1 0.020 -0.015 809.8 3.250 3.409 6.10 19/03/2018 0.120 0.035 0.055 0.045 6963CU VS-CU 0.045 -0.005 146.7 3.000 3.500 21.17 31/05/2018
0.115 0.060 0.080 0.080 8664C4 SPSETIA-C4 0.080 -0.010 100 3.250 4.000 29.23 31/07/2018 0.085 0.025 0.035 0.035 6963CV VS-CV 0.035 Unch 121.5 3.000 3.600 24.67 14/05/2018
0.085 0.035 0.045 0.045 8664C5 SPSETIA-C5 0.045 -0.005 100 3.250 3.550 14.77 24/08/2018 1.570 0.265 1.330 1.270 6963WA VS-WA 1.290 -0.020 4140.5 3.000 1.650 -2.00 06/01/2019
0.180 0.070 0.085 0.085 8664CZ SPSETIA-CZ 0.085 -0.060 220 3.250 3.020 3.10 26/04/2018 0.150 0.045 0.070 0.060 9679C3 WCT-C3 0.060 -0.010 645.4 1.560 1.700 15.71 29/06/2018
0.140 0.050 0.060 0.060 0129WA SRIDGE-WA 0.060 -0.005 120 0.215 0.180 11.63 24/02/2023 0.065 0.010 0.020 0.015 9679C5 WCT-C5 0.020 Unch 100.4 1.560 2.200 44.23 14/05/2018
0.195 0.095 0.170 0.165 0080WA STRAITS-WA 0.165 -0.005 391.5 0.265 0.115 5.66 10/08/2022 0.060 0.045 0.055 0.055 9679C7 WCT-C7 0.055 -0.005 27.4 1.560 1.950 33.81 17/08/2018
0.115 0.015 0.070 0.065 1201WA SUMATEC-WA 0.065 -0.005 196 0.080 0.320 381.25 03/03/2021 0.570 0.180 0.250 0.240 9679WE WCT-WE 0.240 -0.010 410.4 1.560 2.080 48.72 27/08/2020
0.055 0.015 0.030 0.025 1201WB SUMATEC-WB 0.025 Unch 617.1 0.080 0.175 150.00 13/11/2018 0.140 0.020 0.070 0.070 5246CT WPRTS-CT 0.070 Unch 20 3.680 3.650 4.89 30/04/2018
0.150 0.085 0.085 0.085 5263CL SUNCON-CL 0.085 -0.005 80 2.440 2.300 4.71 26/04/2018 0.130 0.010 0.050 0.045 5156WC XDL-WC 0.045 -0.005 120 0.195 0.160 5.13 02/07/2018
0.230 0.125 0.150 0.150 5263CM SUNCON-CM 0.150 Unch 100 2.440 2.300 5.02 31/07/2018 0.020 0.005 0.015 0.010 0095WA XINGHE-WA 0.010 Unch 505.1 0.060 0.100 83.33 22/03/2019
0.120 0.070 0.070 0.070 5263CN SUNCON-CN 0.070 -0.010 28.4 2.440 2.600 15.16 29/06/2018 0.110 0.040 0.050 0.045 0165WA XOX-WA 0.045 -0.005 896.2 0.100 0.200 145.00 10/02/2019
0.735 0.305 0.530 0.510 5211WB SUNWAY-WB 0.530 Unch 310 1.690 1.860 41.42 03/10/2024 0.200 0.100 0.140 0.130 7293CO YINSON-CO 0.140 0.015 66 4.200 4.500 17.14 29/06/2018
0.705 0.090 0.705 0.600 710630 SUPERMX-C30 0.630 0.035 287.1 2.460 1.850 0.81 29/06/2018 0.140 0.110 0.135 0.120 7293CQ YINSON-CQ 0.130 0.005 1687.5 4.200 4.300 14.76 24/08/2018
0.275 0.065 0.275 0.235 710631 SUPERMX-C31 0.250 0.045 493.5 2.460 2.100 5.69 29/06/2018 0.100 0.035 0.075 0.065 7020WB YKGI-WB 0.070 0.005 3183.2 0.215 0.500 165.12 28/05/2020
0.275 0.090 0.275 0.235 710632 SUPERMX-C32 0.270 0.040 1991 2.460 1.800 6.10 24/07/2018 0.240 0.020 0.175 0.175 467712 YTL-C12 0.175 0.010 50 1.480 1.350 3.04 29/06/2018
0.260 0.085 0.260 0.215 710633 SUPERMX-C33 0.235 0.020 21649 2.460 1.880 5.08 24/07/2018 0.075 0.010 0.040 0.035 467713 YTL-C13 0.040 0.005 500 1.480 1.471 4.66 09/04/2018
0.265 0.105 0.260 0.220 710634 SUPERMX-C34 0.245 0.025 6701.5 2.460 2.150 7.32 31/10/2018 0.055 0.040 0.050 0.050 467715 YTL-C15 0.050 0.005 296 1.480 1.650 18.24 17/08/2018
0.170 0.090 0.170 0.150 710635 SUPERMX-C35 0.165 0.025 241.6 2.460 2.380 16.87 28/09/2018 0.435 0.100 0.120 0.115 6742WB YTLPOWR-WB 0.115 Unch 1036.8 1.210 1.110 1.24 11/06/2018
0.175 0.080 0.175 0.145 710636 SUPERMX-C36 0.160 0.015 7256.4 2.460 2.600 25.20 28/09/2018 0.095 0.025 0.030 0.030 2283WA ZELAN-WA 0.030 -0.005 20 0.120 0.250 133.33 25/01/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Feb 19, 2018) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Italian election
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Italy will vote on March 4 with an untested electoral system that surveys suggest may produce a
AEON CO.(M) 104,700 EMPLOYEES PROVIDENT FUND BOARD 120,499,500 13/2 hung parliament. Pollsters track voter preference for individual parties and also the centre-left and
AFFIN BANK 402,532,529 LEMBAGA TABUNG ANGKATAN TENTERA 402,532,52 2/2 centre-right coalitions.
AL-’AQAR HEALTHCARE REIT (75,400) KUMPULAN WANG PERSARAAN 68,647,900 15/2
(DIPERBADANKAN)
AXIS REAL ESTATE INVESTMENT TRUST 708,200 EMPLOYEES PROVIDENT FUND BOARD 181,947,613 13/2
BIMB HOLDINGS 500,000 EMPLOYEES PROVIDENT FUND BOARD 214,945,101 13/2
BOUSTEAD HOLDINGS 245,600 LEMBAGA TABUNG ANGKATAN TENTERA 1,191,597,018 12 & 13/2
BUMI ARMADA 189,000 EMPLOYEES PROVIDENT FUND BOARD 364,981,595 13/2
CAHYA MATA SARAWAK (152,800) EMPLOYEES PROVIDENT FUND BOARD 120,380,227 12/2
CHEMICAL COMPANY OF (M) (10,000,000) PERMODALAN NASIONAL 94,449,487 13/2
COMFORT GLOVES 200,000 DATO LAU ENG GUANG 108,996,900 14/2
DIALOG GROUP 696,300 EMPLOYEES PROVIDENT FUND BOARD 588,321,650 13/2
DIGI.COM 4,394,000 EMPLOYEES PROVIDENT FUND BOARD 1,200,012,564 13/2
FRASER & NEAVE HOLDINGS (86,000) AMANAHRAYA TRUSTEES 19,500,000 14/2
- SKIM AMANAH SAHAM BUMIPUTERA
FRASER & NEAVE HOLDINGS 300,000 EMPLOYEES PROVIDENT FUND BOARD 44,079,700 13/2
GAS MALAYSIA 39,600 LEMBAGA TABUNG HAJI 102,539,600 14/2
GLOBETRONICS TECHNOLOGY (32,218) EMPLOYEES PROVIDENT FUND BOARD 30,359,082 12/2
IGB REAL ESTATE 127,500 EMPLOYEES PROVIDENT FUND BOARD 330,681,013 13/2
INVESTMENT TRUST
IHH HEALTHCARE 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 703,498,140 13/2
IOI CORPORATION 4,133,900 EMPLOYEES PROVIDENT FUND BOARD 731,428,273 12 & 13/2
IOI PROPERTIES GROUP 267,500 EMPLOYEES PROVIDENT FUND BOARD 344,721,443 13/2
KAREX 60,000 TAN SRI DATO’ SERI ARSHAD AYUB 9,678,800 19/2
KUALA LUMPUR KEPONG (3,242,400) EMPLOYEES PROVIDENT FUND BOARD 132,005,688 12 & 13/2
LAFARGE MALAYSIA (71,473) EMPLOYEES PROVIDENT FUND BOARD 66,420,502 12/2
LBS BINA GROUP 110,000 KUMPULAN WANG PERSARAAN 80,777,200 7, 13 & 15/2
(DIPERBADANKAN)
MALAYAN BANKING (5,409,400) EMPLOYEES PROVIDENT FUND BOARD 1,347,686,461 13/2
MALAYSIA AIRPORTS HOLDINGS 7,566,100 EMPLOYEES PROVIDENT FUND BOARD 180,629,692 13/2
MAXIS 216,100 EMPLOYEES PROVIDENT FUND BOARD 911,120,299 13/2
MBM RESOURCES 308,700 EMPLOYEES PROVIDENT FUND BOARD 61,307,191 12/2
NESTLE (M) (38,700) EMPLOYEES PROVIDENT FUND BOARD 16,363,300 13/2
ORIENTAL HOLDINGS 412,100 EMPLOYEES PROVIDENT FUND BOARD 62,448,216 12/2
PETRONAS CHEMICALS GROUP (2,343,700) EMPLOYEES PROVIDENT FUND BOARD 588,508,300 12 & 13/2
PETRONAS GAS 470,300 EMPLOYEES PROVIDENT FUND BOARD 191,722,600 12 & 13/2
PHARMANIAGA 40,000 LEMBAGA TABUNG ANGKATAN TENTERA 27,599,284 12 & 13/2
POS MALAYSIA 300,000 EMPLOYEES PROVIDENT FUND BOARD 73,655,001 13/2
PPB GROUP 899,800 EMPLOYEES PROVIDENT FUND BOARD 134,753,779 13/2
PROTASCO (60,600) EMPLOYEES PROVIDENT FUND BOARD 36,275,840 13/2
PUBLIC BANK (2,501,000) EMPLOYEES PROVIDENT FUND BOARD 551,371,200 13/2
QL RESOURCES 211,900 EMPLOYEES PROVIDENT FUND BOARD 83,743,930 13/2
S P SETIA (600,000) EMPLOYEES PROVIDENT FUND BOARD 344,484,253 13/2
SERBA DINAMIK HOLDINGS 1,235,500 EMPLOYEES PROVIDENT FUND BOARD 79,604,100 13/2
SERBA DINAMIK HOLDINGS 250,000 KUMPULAN WANG PERSARAAN 124,886,600 15/2
(DIPERBADANKAN)
SIME DARBY 2,000,000 AMANAHRAYA TRUSTEES 2,835,645,900 13 & 14/2
- SKIM AMANAH SAHAM BUMIPUTERA
SIME DARBY (131,500) EMPLOYEES PROVIDENT FUND BOARD 799,149,110 12 & 13/2
SIME DARBY PLANTATION (388,300) AMANAHRAYA TRUSTEES 2,847,029,100 14/2
- SKIM AMANAH SAHAM BUMIPUTERA
SKP RESOURCES 1,000,000 KUMPULAN WANG PERSARAAN 167,816,800 15/2 Stocks closest to year high Stocks closest to year low
(DIPERBADANKAN)
SUNWAY CONSTRUCTION GROUP 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 71,988,243 12/2 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
SUNWAY REAL ESTATE (2,202,200) EMPLOYEES PROVIDENT FUND BOARD 415,244,400 12 & 13/2
INVESTMENT TRUST PMETAL-WC 5.370 5.310 5.370 0.6 INNO 0.940 0.815 0.820 906.4
SUNWAY REAL ESTATE 2,984,000 AMANAHRAYA TRUSTEES 187,531,100 14/2 FGV-C48 0.130 0.110 0.130 992.2 TECGUAN 1.220 1.210 1.210 14
INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA HLIND 11.200 10.500 11.200 223.1 TDM 0.450 0.415 0.425 3105.6
SYARIKAT TAKAFUL MALAYSIA (92,100) EMPLOYEES PROVIDENT FUND BOARD 100,754,900 13/2 MBSB-C10 0.110 0.110 0.110 15 MGRC 0.315 0.300 0.300 33.2
TENAGA NASIONAL (798,500) EMPLOYEES PROVIDENT FUND BOARD 690,552,682 13/2 MYEG-C28 0.210 0.210 0.210 50 SCOMI 0.200 0.190 0.195 3393.4
TENAGA NASIONAL (1,000,000) KUMPULAN WANG PERSARAAN 301,714,925 15/2 BAUTO-CV 0.075 0.075 0.075 10 TM-C21 0.090 0.085 0.090 30.1
(DIPERBADANKAN) MAYBANKC38 0.120 0.110 0.115 2768.4 CMMT 1.170 1.140 1.140 1186.6
TENAGA NASIONAL 1,428,500 AMANAHRAYA TRUSTEES 469,953,100 14/2 UMWOG-C21 0.070 0.065 0.065 1065 TASEK 9.180 8.960 9.100 18.6
- SKIM AMANAH SAHAM BUMIPUTERA HARTA-C9 0.120 0.115 0.115 295 ECOWLD-CL 0.050 0.050 0.050 10
TOP GLOVE CORPORATION (4,000) EMPLOYEES PROVIDENT FUND BOARD 77,007,761 13/2
GENM-C36 0.145 0.145 0.145 10 ANNJOO-CF 0.065 0.045 0.060 52.3
UMW HOLDINGS (515,000) KUMPULAN WANG PERSARAAN 94,358,800 13 & 15/2
SUPERMX-C30 0.705 0.600 0.630 287.1 OCK 0.815 0.800 0.800 1335.7
(DIPERBADANKAN)
HSSEB 1.910 1.720 1.870 1994.6 EWINT-CH 0.065 0.065 0.065 10
UNITED PLANTATIONS (1,900) EMPLOYEES PROVIDENT FUND BOARD 29,788,648 13/2
SUPERMX-C35 0.170 0.150 0.165 241.6 MAHSING-C13 0.010 0.010 0.010 1100
UZMA 39,300 EMPLOYEES PROVIDENT FUND BOARD 26,356,600 13/2
SUPERMX-C33 0.260 0.215 0.235 21649 BAUTO-CV 0.075 0.075 0.075 10
V.S.INDUSTRY 415,400 KUMPULAN WANG PERSARAAN 124,428,800 9/2
(DIPERBADANKAN) SUPERMX-C32 0.275 0.235 0.270 1991 LBICAP 1.000 0.995 0.995 2.2
WESTPORTS HOLDINGS 427,600 EMPLOYEES PROVIDENT FUND BOARD 173,822,500 13/2 SUPERMX 2.550 2.390 2.460 11531.9 RUBEREX 0.605 0.575 0.590 3676.4
YINSON HOLDINGS 670,600 EMPLOYEES PROVIDENT FUND BOARD 135,164,116 12 & 13/2 SUPERMX-C36 0.175 0.145 0.160 7256.4 ARMADA-C37 0.085 0.080 0.085 350
YINSON HOLDINGS 206,700 KUMPULAN WANG PERSARAAN 154,652,700 13 & 14/2 SUPERMX-C38 0.130 0.100 0.110 4401.4 NHFATT 3.300 3.290 3.300 8
(DIPERBADANKAN) CIMB-C32 0.140 0.135 0.140 592.2 SUNCON-CN 0.070 0.070 0.070 28.4
YTL CORPORATION 1,252,000 EMPLOYEES PROVIDENT FUND BOARD 684,758,483 12/2 SUPERMX-C37 0.125 0.095 0.105 2324.6 IOICORP-C17 0.155 0.145 0.155 1000
YTL POWER INTERNATIONAL 475,400 EMPLOYEES PROVIDENT FUND BOARD 398,521,675 12/2 JIANKUN 0.500 0.380 0.395 1147.5 JERASIA 0.475 0.435 0.475 0.5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
Bursa Malaysia. Note: * denotes Ace Market profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.597 0.736 0.688 0.527 0.927 0.973 0.971 0.933 2.8764 4.672 61.416 4.443 2.705 10,023 47.712 78.877 5.769 38.515 2.681 2.762 5.949 23.189 5.761
EURO 1.676 1.234 1.154 0.883 1.555 1.632 1.628 1.563 4.8216 7.831 102.950 7.448 4.534 16,801 79.977 132.218 9.670 64.561 4.494 4.629 9.972 38.872 9.658
US $ 1.358 0.810 0.934 0.715 1.259 1.322 1.319 1.266 3.9060 6.344 83.400 6.033 3.673 13,610 64.790 107.111 7.834 52.301 3.640 3.750 8.079 31.490 7.824
SWISS FR 1.453 0.867 1.070 0.765 1.348 1.415 1.411 1.355 4.1798 6.788 89.246 6.456 3.930 14,564 69.332 114.619 8.383 55.967 3.896 4.013 8.645 33.697 8.372
STERLING £ 1.899 1.133 1.398 1.307 1.761 1.848 1.844 1.771 5.4618 8.871 116.619 8.436 5.136 19,031 90.597 149.774 10.954 73.133 5.091 5.244 11.296 44.033 10.940
CANADA $ 1.078 0.643 0.794 0.742 0.568 1.050 1.047 1.006 3.1017 5.038 66.227 4.791 2.917 10,808 51.449 85.055 6.221 41.532 2.891 2.978 6.415 25.006 6.213
BRUNEI $ 1.027 0.613 0.756 0.707 0.541 0.953 0.998 0.958 2.9548 4.799 63.090 4.564 2.778 10,296 49.012 81.027 5.926 39.565 2.754 2.837 6.111 23.822 5.918
SINGAPORE $ 1.030 0.614 0.758 0.709 0.542 0.955 1.003 0.960 2.9622 4.811 63.248 4.575 2.785 10,322 49.135 81.230 5.941 39.664 2.761 2.844 6.127 23.881 5.933
AUSTRALIA $ 1.072 0.640 0.790 0.738 0.565 0.994 1.044 1.041 3.0842 5.009 65.853 4.764 2.900 10,747 51.159 84.575 6.186 41.297 2.875 2.961 6.379 24.865 6.178
MALAYSIA RM 0.348 0.207 0.256 0.239 0.183 0.322 0.338 0.338 0.324 1.0000 1.624 21.352 1.545 0.940 3,484 16.587 27.422 2.006 13.390 0.932 0.960 2.068 8.062 2.003
100 CHINESE RMB 21.406 12.770 15.763 14.731 11.273 19.851 20.838 20.786 19.964 61.5720 1,315 95.105 57.896 214,544 1,021.315 1,688 123.490 824.445 57.387 59.116 127.346 496.392 123.327
100 BANGLAD’H TAKA 1.628 0.971 1.199 1.120 0.857 1.510 1.585 1.581 1.519 4.6834 7.606 7.234 4.404 16,319 77.686 128.430 9.393 62.711 4.365 4.497 9.687 37.758 9.381
100 DANISH KRONER 22.508 13.427 16.575 15.489 11.853 20.873 21.910 21.856 20.991 64.7410 105.15 1,382 60.876 225,586 1,073.88 1,775 129.85 866.88 60.34 62.16 133.90 521.94 129.67
100 UAE DIRHAM 36.973 22.057 27.227 25.444 19.471 34.287 35.992 35.902 34.482 106.3494 172.72 2,271 164.27 370,568 1,764 2,916 213.30 1,424 99.12 102.11 219.96 857.39 213.01
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.009 0.0287 0.047 0.613 0.044 0.027 0.476 0.787 0.058 0.384 0.027 0.028 0.059 0.231 0.057
100 INDIA RUPEE 2.096 1.250 1.543 1.442 1.104 1.944 2.040 2.035 1.955 6.0287 9.791 128.724 9.312 5.669 21,007 165.319 12.091 80.724 5.619 5.788 12.469 48.603 12.075
100 JAPAN YEN 1.268 0.756 0.934 0.872 0.668 1.176 1.234 1.231 1.182 3.6467 5.923 77.864 5.633 3.429 12,707 60.489 7.314 48.829 3.399 3.501 7.542 29.400 7.304
100 NORWEGIAN KRONER 17.334 10.341 12.765 11.929 9.129 16.075 16.874 16.832 16.166 49.8600 80.978 1,065 77.015 46.883 173,734 827.044 1,367 667.622 46.471 47.871 103.123 401.970 99.868
100 PHILIPPINE PESO 2.596 1.549 1.912 1.787 1.367 2.408 2.528 2.521 2.421 7.4683 12.129 159.462 11.536 7.022 26,023 123.879 204.796 14.979 6.961 7.170 15.446 60.209 14.959
100 QATAR RIYAL 37.301 22.253 27.469 25.669 19.644 34.592 36.311 36.221 34.788 107.2930 174.256 2,291 165.727 100.887 373,856 1,780 2,942 215.189 1,437 103.013 221.909 864.994 214.904
100 SAUDI RIYAL 36.210 21.602 26.665 24.919 19.070 33.580 35.249 35.161 33.770 104.1544 169.159 2,224 160.879 97.936 362,920 1,728 2,856 208.894 1,395 97.075 215.418 839.691 208.618
100 SWEDISH KRONOR 16.809 10.028 12.378 11.568 8.852 15.588 16.363 16.322 15.677 48.3500 78.526 1,032.360 74.682 45.463 168,473 801.997 1,326 96.972 647.403 45.064 46.421 389.797 96.844
100 THAI BAHT 4.312 2.573 3.176 2.968 2.271 3.999 4.198 4.187 4.022 12.4039 20.145 264.846 19.159 11.663 43,221 205.748 340.140 24.877 166.087 11.561 11.909 25.654 24.845
100 HK$ 17.357 10.355 12.782 11.945 9.141 16.096 16.897 16.854 16.188 49.9259 81.085 1,066.008 77.116 46.945 173,964 828.137 1,369 100.132 668.504 46.532 47.935 103.259 402.502
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
WED N ES DAY F E BRUA RY 21 , 2018 • 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 -2.00 89.662 4.5
1,852.00 (+1.50) (+0.562) 3.70
(-9.00) 96.5
(Unch)
1785 68000 4.75
3.5

1590 -8.50 88.0

46000

2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Feb 20, 2018 Jan 4, 2010 Feb 20, 2018 Oct 2, 2006 Feb 20, 2018 Oct 1, 2000 Feb 20, 2018

FBM KLCI futures end FBM KLCI futures US dollar continues recovery Klibor
lower with cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
from three-year lows MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

T h e F BM K L C I f u t u re s c o nt ra c t s FBMKLCI 1,855.99 -1.33 94.7M The US dollar continued its rebound from FEB8 96.35 — — —
MAR8 96.32 — — —
(FKLI) on Bursa Malaysia Derivatives FEB 18 1,852.00 -9.00 3,737 26,055 1,103 three-year lows yesterday, having recovered APR8 96.30 — — —
ended lower  yesterday, in line with the MAR 18 1,850.00 -7.50 317 978 32
1.5% since last Friday on the view that the US JUN8 96.27 — — —
JUN 18 1,848.50 -5.50 28 275 23
underlying cash market. SEP 18 1,843.50 -6.00 21 95 1
currency was due a correction after a brutal SEP8 96.27 — — —
February 2018 fell nine points to TOTAL sell-off in recent weeks. DEC8 96.27 — — —
4,103 27,403 1,159
MAR9 96.22 — — —
1,852,  March 2018 slipped 7.5 points to The greenback has decoupled from US JUN9 96.22 — — —
1,850, June 2018 slid 5.5 points to 1,848.5, FUTURES
FEB/MAR
ROLL OVER BID
-1.5
OFFER
-2.0
CLOSE
-2.0
Treasury yields since the start of the year, skidding SEP9 96.22 — — —
and  September 2018 shed six  points to to its lowest levels since late 2014 against a basket DEC9 96.22 — — —
1,843.5. FUTURES FAIR VALUE of major currencies despite 10-year Treasuries MAR0 96.22 — — —
JUN0 96.22 — — —
Turnover decreased to 4,103 lots from CONTRACT
FEB 18
DAYS TO EXPIRY
9
KLIBOR DIVIDEND FAIR VALUE
1.39 1.46 4.54
approaching 3% for the first time in four years. SEP0 96.22 — — —
5,098 lots on Monday, while open interest MAR 18 39 6.61 10.03 -3.42 Economists have explained the breakdown DEC0 96.22 — — —
fell to 27,403 contracts from 28,071 contracts. ROLL’S FAIR -7.96 by saying that the reasons for the rise in yields MAR1 96.22 — — —
The underlying benchmark have not so much been driven by expectations JUN1 96.22 — — —
SEP1 96.22 — — —
FBM  KLCI  ended 1.33  points lower  at for higher interest rates and stronger growth, but
DEC1 96.22 — — —
1,855.99. worries about runaway inflation that have caused MAR2 96.22 — — —
Most Southeast Asian stock markets a sell-off in both the US dollar and Treasuries. But JUN2 96.22 — — —
fell in line with broader Asia yesterday but yesterday, the US dollar rose just over 0.5% against SEP2 96.22 — — —
Philippine shares recouped early losses to longest winning streak since December. its index to 89.662, as 10-year US yields climbed DEC2 96.22 — — —
TOTAL 0 0
finish higher for a fifth straight session, their — Agencies back up to 2.92%. — 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
US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 200000 6400 0.700 155.00

0.3200 0.525 1660

3450 152500 5075 121.25
(RM2,753/tonne) 1,337.70
61.92 (-16.00)
(+0.24) 1340
2700 105000 3750 0.350 87.50

1950 53.75 1020

2,485 57500 2425 0.175
(-30) 2,485
1200 (-30) 700
10000 20.00
1100 0.000
Jan 6, 2008 Feb 20, 2018 Apr 10, 2007 Feb 20, 2018 Aug 31, 2008 Feb 20, 2018
Jan 6, 2008 Feb 20, 2018

Palm oil tumbles on slowing CPO futures Firmer US dollar dents Commodities

exports, production jitters CONTRACT

MAR-18
LAST
2,510
CHANGE
-20
VOLUME
1,196
OPEN CHANGE IN
INTEREST OPEN INTEREST
9,813 -669
international Brent crude AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,485 -30
RUBBER SEN/KG MRB 551.50 -1.50
APR-18 2,494 -22 8,500 10,289 -814
Malaysian palm oil futures slid yesterday as Brent crude oil prices eased yesterday, pulled CORN USC/BSH CBOT 369.00 1.50
MAY-18 2,485 -30 16,331 34,712 1,055
SOYBEANS USC/BSH CBOT 1,036.50 15.00
export growth slowed and the market took JUN-18 2,482 -30 5,117 38,170 582 down by a stronger US dollar and a bout
WHEAT USC/BSH CBOT 461.00 3.25
a chance to take profits amid mounting JUL-18 2,470 -28 3,804 45,630 599 of profit-taking, while US futures gained, LIVE CATTLE USC/IBS CME 127.76 0.40
production concerns. CPO FUTURES CPO/SOYOIL bringing the discount between the two key COCOA US$/TON NYBOT 2,130 -4
The benchmark palm oil contract for May INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) futures contracts to a six-month low. COFFEE USC/IBS NYBOT 120.40 -0.05
MAR/APR 16 -74.29
delivery on the Bursa Malaysia Derivatives MAR/MAY 25 3 MONTHS AVERAGE -96.51
Brent crude futures were down 77 US SUGAR USC/IBS NYBOT 13.29 0.01
was down 1.2% at RM2,485 a tonne, reversing MAR/JUN cents from Monday’s close at US$64.90 a COTTON USC/IBS NYC 78.39 0.27
28 6 MONTHS AVERAGE -90.50
Monday’s gains to its lowest since Feb 9. APR/MAY 9 barrel, while US West Texas Intermediate METAL & PRECIOUS METALS
TIN US$/TON KLTM 21,530 -270
“Exports are slowing slightly, compared SGS & ITS EXPORT ESTIMATES (TONNES) (WTI) crude were up 24 US cents from their COPPER USC/IBS CMX 3.1975 -0.0605
to earlier this month when the numbers SHIPMENT DAYS NOV’17 DEC’17 JAN’18 last close last Friday at US$61.92 a barrel. GOLD US$/TROY OZ CMX 1,337.70 -16.00
were up nearly 15% in the first 10 days of 1 - 10TH DAYS 440/437 339/364 381/259 Reduced supply from Canada to the PLATINUM US$/TROY OZ NYMEX 1,005.70 -6.60
February,” said a trader, referring to cargo 1 - 15TH DAYS 651/660 581/597 565/553
US caused by pipeline reductions were PALLADIUM US$/TROY OZ NYMEX 1,022.40 -10.85
surveyor Intertek Testing Services’ (ITS) 11 -- 20TH DAYS
25TH DAYS
883/892
1,094/1,079
865/874 745/728
1,108/1,091 1,033/1,014
supporting WTI, traders said . SILVER USC/TROY OZ CMX 16.50 -0.21
data. Brent is trading at a premium of less than ALUMINIUM RMB/TON SHF 14,205 -270
FULL MONTH 1,311/1,332 1,439/1,422 1,313/1,290
ZINC RMB/TON SHF 26,585 575
Exports of Malaysian palm oil products MALAYSIAN PALM OIL BOARD US$3 a barrel to WTI, down from over US$7
for the Feb 1 to Feb 20 period rose 8.8% to OCT’17 NOV’17 DEC’17 JAN’18 at the start of the year. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 61.92 0.24
791,992 tonnes from the 727,958 tonnes PRODUCTION 2,009 1,943 1,834 1,587 Overall, oil markets remain supported by HEATING OIL USC/GAL NYMEX 1.9206 0.0122
shipped a month ago, ITS said yesterday. EXPORT
STOCKS
1,549
2,190
1,354
2,557
1,423
2,732
1,513
2,548
supply restraint on the part of Opec, which NATURAL GAS US$/MMBTU NYMEX 2.661 0.063
For the same period, cargo surveyor started last year to draw down excess global BRENT CRUDE US$/BBL ICE 64.90 -0.77
MPOB Palm oil physical
Societe Generale de Surveillance reported inventories. — Reuters GAS OIL US$/TON ICE 573.25 -5.25
that Malaysian palm oil product exports rose (IN RM/TON) JAN’18 FEB’18 MAR’2018

9.5% to 815,183 tonnes from 744,706 tonnes CPO DELD

PK EX-MILL
2,491 NO TRADE NO TRADE
2,120 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
shipped during Jan 1 to Jan 20. CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
The Chicago Board of Trade’s March RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
soybean oil contract rose 0.4%, while China’s RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
443.00
Dalian Commodity Exchange remains closed RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+1.00) 1475 551.50
(-1.50)
for the Lunar New Year celebrations and will MPOB FFB REF PRICE (MILL GATE PRICE)
reopen tomorrow. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil looks neutral in a narrow range NORTH 20.00% 546 19.00% 522 18.00% 498
of RM2,486 to RM2,518 per tonne, although SOUTH 500 625
20.00% 550 19.00% 526 18.00% 502
the bias could be towards the upside, said CENTRAL 20.00% 546 19.00% 521 18.00% 497
said Wang Tao, a Reuters market analyst for EAST COAST 20.00% 548 19.00% 524 18.00% 500 300 200

commodities and energy technicals. — Reuters SABAH

SARAWAK
22.00% 530
22.00% 536
21.00% 508
21.00% 514
20.00% 486
20.00% 491
Jan 7, 2007 Feb 20, 2018 Jan 7, 2007 Feb 20, 2017
 Markets
32 WEDN ESDAY F EB RUARY 2 1 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,855.99 1.33 FBM ACE 6,334.33 74.27 FTSTI 3,476.53 11.35 NIKKEI 21,925.10 224.11 HANG SENG 30,873.63 241.80 DOW JONES 25,219.38 19.01

Defeat is not the worst of failures. Not to have tried Market movers
is the true failure. — George Edward Woodberry
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 HUAAN 98,791.5 0.005 0.89 0.565 — 0.00
('000) (%) (RM) (RM) (RM) (RM) SUMATEC 90,979.9 UNCH UNCH 0.080 — 0.00
Index point
1862.0 AAX 80,630 1.27 0.005 0.400 0.415 0.390 AAX 80,630.3 0.005 1.27 0.400 52.67 0.00
1860.8 HIBISCS-CC 71,983 -11.11 -0.010 0.080 0.095 0.080 HIBISCS-CC 71,982.9 -0.010 -5.88 0.080 — 0.00
1859.6 HENGYUAN-CO 36,183 -11.11 -0.025 0.200 0.255 0.190 PUC 60,193.3 -0.005 -1.79 0.275 164.71 0.00
1858.4 HSI-C1X 34,505 -19.70 -0.130 0.530 0.660 0.510 HIBISCS 47,558.3 -0.060 -5.77 0.980 40.78 0.00
1857.2 KL Composite Index 1,855.99 MPI-CH 34,103 100.00 0.010 0.020 0.020 0.010 SAPNRG 46,358.1 -0.025 -3.47 0.695 — 1.39
(-1.33) HSI-H2W 32,701 29.79 0.070 0.305 0.310 0.235 UMWOG 43,540.7 -0.005 -1.49 0.330 — 0.00
1856.0
AAX-C11 29,302 6.25 0.005 0.085 0.100 0.075 HENGYUAN-CO 36,182.6 -0.025 -11.11 0.200 — 0.00
1854.8
SAPNRGC58 22,828 -5.88 -0.005 0.080 0.085 0.080 HSI-C1X 34,505.0 -0.130 -10.17 0.530 — 0.00
1853.6 HENGYUAN-CM 21,668 -17.78 -0.080 0.370 0.475 0.355 MPI-CH 34,102.5 0.010 33.33 0.020 — 0.00
1852.4 KLCI futures
SUPERMX-C33 21,649 9.30 0.020 0.235 0.260 0.215 HSI-H2W 32,700.6 0.070 22.00 0.305 — 0.00
1851.2 1,852.00 HSI-C3C 20,554 -25.00 -0.115 0.345 0.450 0.330 IRIS 31,673.9 UNCH UNCH 0.195 — 0.00
(-9.00)
1850.0 FGV-C31 19,354 3.57 0.005 0.145 0.150 0.120 AAX-C11 29,301.7 0.005 -10.53 0.085 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
COMPUGT 14,669 -14.29 -0.005 0.030 0.035 0.030 SIME 28,123.7 0.010 0.37 2.720 11.61 8.49
FGV 13,149 4.10 0.080 2.030 2.040 1.950 PDZ 26,788.9 UNCH UNCH 0.080 — 0.00
Daily FBM KLCI UMWOG-WA 12,594 -3.13 -0.005 0.155 0.165 0.155 GLOTEC 24,514.0 UNCH UNCH 0.050 — 0.00
MIECO 12,002 7.38 0.045 0.655 0.675 0.610 SAPNRGC58 22,828.3 -0.005 -5.88 0.080 — 0.00
KL Composite Index Moving average - 20-day HENGYUAN-CM 21,667.7 -0.080 -11.90 0.370 — 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 SUPERMX-C33 21,649.0 -0.020 -7.84 0.235 — 0.00
1,855.99 traded for a particular counter on the previous trading day is more than triple the average volume for the
(-1.33) 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
1,842.88 FBM KLCI declines with regional CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

peers as investors take profit NESTLE

HLIND
121.500
11.200
1.100
0.700
HENGYUAN
PETGAS
14.120
17.800
-0.900
-0.860
1122.5 MPI 9.530 0.550 BAT 29.900 -0.340
KESM 20.380 0.380 PANAMY 33.500 -0.300
KUALA LUMPUR: The FBM KLCI fell by a marginal 1.33 MAGNI 4.460 0.360 PETRONM 11.620 -0.260
820.0 points or 0.07% to close at 1,855.99 yesterday as investors AYER 6.800 0.300 LBS-WA 1.200 -0.220
Jan 2, 2008 Feb 20, 2018 took profit after Monday’s gains. HENGYUAN-CB 0.995 0.255 GENP 9.960 -0.180
The benchmark index’s softer finish was in line with AJI 20.800 0.200 ENRA 2.620 -0.180
900
the lower trend in other Asian markets. Japan’s Nikkei 225 CARLSBG 18.000 0.200 BKAWAN 19.000 -0.160
DKSH 3.990 0.190 HSI-C1X 0.530 -0.130
600
Index closed 1.01% lower, Hong Kong’s Hang Seng Index
TGUAN-WA 2.330 0.190 TM 6.000 -0.120
closed 0.78% lower, and South Korea’s KOSPI ended 1.13% SUPERLN 1.630 0.170 CCMDBIO 2.800 -0.120
300 lower.
Malacca Securities Sdn Bhd head of research Victor Wan Top gainers and losers (ranked by percentage)
0
said the profit-taking was “very much expected” after most

 
Volume (’mil) UP
Asian stocks traded positively yesterday. CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
“We have recovered quite a substantial bit after the recent
FBM KLCI futures selldown earlier in February,” Wan told the theedgemarkets. HSI-H2U 0.180 176.92 MBSB-C3 0.005 -50.00
MPI-CH 0.020 100.00 BAUTO-CV 0.075 -50.00
CONTRACT SETTLEMENT CHANGE HIGH LOW
com.
MAHSING-C11 0.010 100.00 MALAKOF-C3 0.005 -50.00
FEB 18 1,852.00 -9.00 1,859.50 1,850.50 “The market’s performance in the near term has got to UNISEM-C2 0.025 66.67 SPSETIA-C1 0.020 -42.86
MAR 18 1,850.00 -7.50 1,857.00 1,849.50 depend on the corporate earnings announcements this UCHITEC-CC 0.125 47.06 SPSETIA-CZ 0.085 -41.38
JUN 18 1,848.50 -5.50 1,851.50 1,846.00
month,” he said. “Last week we saw an encouraging set of SIME-C15 0.055 37.50 MISC-C12 0.015 -40.00
economic data, and now we have to see if these data will be UCHITEC-CA 0.130 36.84 MMCCORP-C6 0.010 -33.33
FBM KLCI sensitivity* reflected in the corporate earnings as well. HENGYUAN-CB 0.995 34.46 SAPNRGC50 0.010 -33.33

KLCI CHANGE CLOSE VOLUME Bursa Malaysia saw a total of 2.28 billion shares, worth VIVOCOM-WB 0.020 33.33 MAHSING-C13 0.010 -33.33
POINTS (RM) (RM) ('000) FBMKLCI-C3E 0.160 33.33 A50CHIN-H7 0.105 -30.00
PUBLIC BANK 0.63 0.100 22.080 4419.0
RM2.1 billion, traded yesterday. UNISEM-CZ 0.020 33.33 TM-C20 0.055 -26.67
CIMB GROUP 0.45 0.030 7.120 12147.7 There were 409 gainers versus 556 losers, while 346 HSI-H2W 0.305 29.79 HSI-C3C 0.345 -25.00
AXIATA GROUP 0.44 0.030 5.670 3661.7 counters remained unchanged.
NESTLE (M) 0.42 1.100 121.500 84.4 The gainers were led by Nestle (M) Bhd, while Hengyuan Top gainers and losers - warrants (ranked by percentage)
GENTING MALAYSIA 0.39 0.040 5.500 4053.7 Refining Co Bhd was the biggest loser.
MAXIS 0.38 0.030 6.110 774.7 UP CHANGE DOWN CHANGE
IOI CORPORATION 0.21 0.020 4.750 1552.8
Sino Hua-An International Bhd was the most actively traded CLOSE (%) CLOSE (%)
YTL CORPORATION 0.18 0.010 1.480 2420.9 counter, with 98.79 million shares done. — by Chester Tay HSI-H2U 0.180 176.92 MBSB-C3 0.005 -50.00
PPB GROUP 0.16 0.080 17.660 442.0
World equity indices MPI-CH 0.020 100.00 BAUTO-CV 0.075 -50.00
TENAGA NASIONAL -0.19 -0.020 15.720 8129.9 MAHSING-C11 0.010 100.00 MALAKOF-C3 0.005 -50.00
MISC -0.36 -0.050 7.110 1510.2 CLOSE CHANGE CLOSE CHANGE UNISEM-C2 0.025 66.67 SPSETIA-C1 0.020 -42.86
RHB BANK -0.46 -0.070 5.230 3891.2
DOW JONES 25,219.38 19.01 INDONESIA 6,662.88 -26.41 UCHITEC-CC 0.125 47.06 SPSETIA-CZ 0.085 -41.38
GENTING -0.50 -0.080 9.130 3147.0
S&P 500 2,732.22 1.02 JAPAN 21,925.10 -224.11 SIME-C15 0.055 37.50 MISC-C12 0.015 -40.00
TELEKOM MALAYSIA -0.74 -0.120 6.000 2333.2
NASDAQ 100 6,770.66 -24.26 KOREA 2,415.12 -27.70 UCHITEC-CA 0.130 36.84 MMCCORP-C6 0.010 -33.33
IHH HEALTHCARE -0.81 -0.060 6.130 2479.3
FTSE 100 7,247.66 -47.04 PHILIPPINES 8,722.70 12.48 HENGYUAN-CB 0.995 34.46 SAPNRGC50 0.010 -33.33
PETRONAS GAS -2.78 -0.860 17.800 305.4
AUSTRALIA 5,940.85 -0.73 SINGAPORE 3,476.53 -11.35 VIVOCOM-WB 0.020 33.33 MAHSING-C13 0.010 -33.33
SUB-TOTAL -2.58
CHINA 3,199.16 14.20 TAIWAN 10,421.09 49.34 FBMKLCI-C3E 0.160 33.33 A50CHIN-H7 0.105 -30.00
OTHERS 1.25
HONG KONG 30,873.63 -241.80 THAILAND 1,801.02 -8.65 UNISEM-CZ 0.020 33.33 TM-C20 0.055 -26.67
GRAND TOTAL -1.33
INDIA 33,703.59 -71.07 VIETNAM 1,059.73 17.94 HSI-H2W 0.305 29.79 HSI-C3C 0.345 -25.00
* How stock price changes affected the index on the previous trading day

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