FBM KLCI 1697.69 3.92 KLCI FUTURES 1698.50 3.50 STI 3122.77 26.16 RM/USD 4.4455 CPO RM2826.

/USD 4.4455 CPO RM2826.00 56.00 OIL US$56.65 0.14 GOLD US$1244.60 9.30
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY MARCH 2, 2017 ISSUE 2360/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Vincent Tan: I’m in no rush to
sell football club 3 H O M E B U S I N E S S
3 HOME BUSINESS

RHB Research sees

cost-push inflation
lifting CPI by 3%
in 2017
4 HOME BUSINESS BANK NEGARA
Mustapa slams
critics of China
investors
DEFENDS O
M N R E
INSURERS TpHroA
6 HOME BUSINESS

perty
Downgrades

against MyCC
trumped upgrades

rty.com a
portal
by five

r
2016 — RAM

P o
penalty e
five to one in

p
dge
7 HOME BUSINESS

eE
Skill shortage

Th
a burden on
employers — Hays
23 L I VE I T !
It says
say
a s the alleged
anti-competitive
agreement was
H E S .
d

L I S Tin
IN G S . D ATA
. A N A LY T I C
S

Time to make your response

E W L A U N C to its directive.
Japanese cherry N E W S . NSupriya Surendran nh has
as
blossom dreams the stor
storyry oon nP Page
age 3 3..
come true

Malaysia is not a dollarised economy

Using the US dollar for payment of domestic transactions should be discouraged
18 C O M M E N T
 FBM KLCI 1697.69 3.92 KLCI FUTURES 1698.50 3.50 STI 3122.77 26.16 RM/USD 4.4455 CPO RM2826.00 56.00 OIL US$56.65 0.14 GOLD US$1244.60 9.30
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY MARCH 2, 2017 ISSUE 2360/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Vincent Tan: I’m in no rush to
sell football club 3 H O M E B U S I N E S S
3 HOME BUSINESS

RHB Research sees

cost-push inflation
lifting CPI by 3%
in 2017
4 HOME BUSINESS BANK NEGARA
Mustapa slams
critics of China
investors
DEFENDS
6 HOME BUSINESS

Downgrades INSURERS
trumped upgrades
by five to one in
2016 — RAM
against MyCC
7 HOME BUSINESS

Skill shortage
penalty
a burden on It says the alleged
d
employers — Hays anti-competitive
23 L I VE I T ! agreement was in
Time to make your response to its directive.
Japanese cherry Supriya Surendran has
blossom dreams the story on Page 3.
come true

Malaysia is not a dollarised economy

Using the US dollar for payment of domestic transactions should be discouraged
18 COMMENT
2 T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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Indonesia, Saudi
sign agreements
King Salman starts landmark visit
BOGOR (Indonesia): Indonesia and
Saudi Arabia yesterday signed agree-
ments in areas ranging from trade to
aviation as the kingdom’s monarch
visited the world’s most populous
Muslim-majority country for the
first time in almost half a century.
King Salman Abdulaziz al-Saud
was treated to an elaborate official
welcome as he arrived in Jakarta,
his latest stop on an Asian tour
seeking investment opportuni-
ties, at the head of a 1,000-strong
delegation including princes and
ministers.
After disembarking from his
plane, he was met by President
Joko Widodo (Jokowi) before travel-
ling past cheering crowds in pour-
ing rain to a presidential palace in
Bogor, south of Jakarta, where he
was greeted by a marching band,
a mounted honour guard and a
21-gun salute.
Almost 460 tonnes of equipment
have been flown in for the visit, in-
cluding limousines and escalators.
Preparations have been elab-
orate. Naked statues at the Bogor
palace were covered up before King
Salman’s arrival. Some 150 chefs
have reportedly been hired to cook
for the king’s party and a VIP toilet
has been constructed at a mosque
he will visit.
Jokowi hailed the “historic” vis-
it, saying: “As the country with the
biggest Muslim population in the
world, Indonesia will always have
a special bond with Saudi Arabia.”
ISR Capital to resume trading on March 6;
shares said to be manipulated by John Soh
BY CHAN CHAO P EH
SINGAPORE: SGX will lift the trad-
ing suspension on ISR Capital with
effect from March 6, following rev-
elations in court on Tuesday that
the company has been under the
manipulation of John Soh Chee
Wen, the alleged mastermind be-
hind three other penny stocks.
Soh is also said to be involved
in the management of the affairs of
the company. He is facing a total
of 188 charges for offences such as
manipulating stocks and for tam-
pering with witnesses.
District Judge Terence Tay on
Tuesday denied bail for Soh, who
has been held in remand since Nov
24. The day Soh was arrested, shares
of ISR crashed by more than 55%.
He was charged in court the fol-
lowing day.
The company first asked for
a trading halt but the exchange
moved over the weekend to sus-
pend the shares on Nov 27, citing
the need to “safeguard the interest
of the market as there were circum-
King Salman (left) waving as he stood next to Jokowi during their meeting at the
Presidential Palace in Bogor, West Java, Indonesia, yesterday. Photo by Reuters
The leaders oversaw the signing
of 11 cooperation memoranda fol-
lowing yesterday’s talks at the Bogor
palace. Apart from trade and avia-
tion, they included agreements on
boosting cooperation in science,
health and fighting crime.
Jakarta and Riyadh also inked an
agreement that builds on an exist-
ing US$6 billion (RM26.64 billion)
deal between state-owned energy
firms Aramco and Pertamina to
expand an Indonesian oil refinery.
King Salman, 81, said he hoped
the visit would “contribute to the
improvement of the bilateral rela-
tionship between our two countries”.
The visit — the first by a Saudi
stances that prevented trading in
ISR shares on an informed basis”.
According to submissions made
by the prosecution, trading accounts
linked to Soh had driven up the price
of ISR Capital by some 2,800% be-
tween May and November last year.
The same accounts were behind the
selldown on Nov 24 as well.
The company is seeking approv-
al to acquire a 60% stake in a min-
ing concession in Madagascar for
S$40 million (RM126.64 million).
The same stake changed hands for
one-seventh that amount just six
months earlier. With the disclo-
sure of these information in the
State Courts, SGX will now lift the
suspension.
“However, taking into account
the above-mentioned disclosure
of information in the State Courts,
SGX urges shareholders and in-
vestors to exercise caution when
dealing in ISR shares once trading
resumes,” said the exchange yester-
day. “SGX will continue to monitor
the trading activities of ISR shares.”
ISR shares last traded at 12.7
For breaking news updates go to
www.theedgemarkets.com
Arabian king to Indonesia for 47
years — is one of the highlights of
a rare Saudi royal tour of Asia, a
region seeking investment as the
world’s biggest oil exporter tries
to diversify its economy.
After the three-day visit to Jakar-
ta, King Salman and his entourage
will head to the Hindu-majority
resort island of Bali for a holiday,
where they will reportedly stay in
five luxury hotels.
Today, the king is due to give a
speech to parliament and visit a
major Jakarta mosque. He is also
due to meet leaders of some of In-
donesia’s major Muslim organisa-
tions during the trip. — AFP
Singapore cents.
Separately, Michelle Zhu report-
ed that LionGold Corp, one of the
three penny stocks at the centre of
the October 2013 saga, has come
forth to announce that its senior
executive Peter Chen is no longer
with the company.
In a clarification filed with SGX
yesterday, the company referred to
an article by The Edge Markets pub-
lished yesterday where an alleged
witness of Soh’s newest charges,
Peter Chen, was referred to as a
“senior executive with LionGold
Corp”.
“The company wishes to clar-
ify that Peter Chen Hing Woon
has resigned from the group with
effect from Jan 1 2017 and is no
longer serving in any capacity in
the group,” wrote Raymond Tan,
executive director of LionGold.
However, as at 6.40pm yesterday,
Chen is still listed as the group’s
director of business and corporate
development and a member under
“key management” on its company
website. — theedgemarkets.com.sg
IN BRIEF
UK watchdog proposes
IPO research shake-up
LONDON: Investors in planned
stock market flotations will get
independent research about
the company sooner under pro-
posals made by Britain’s Finan-
cial Conduct Authority (FCA)
yesterday. Under existing rules,
the prospectus, which gives in-
depth information about the
company that plans to list, is
only made available late in the
initial public offering (IPO) pro-
cess. Analysts at banks who are
not involved in the IPO also have
little access to the information
they need to produce research
to rival that from banks “con-
nected” to the float, the FCA
said in a statement. Under the
proposed rules, the prospectus
would be published before the
“connected” research. — Reuters
BP buys Clean Energy’s
US green gas business
LONDON: BP agreed yester-
day to buy Clean Energy Fuels
Corp’s biomethane business
for US$155 million (RM688.2
million), expanding its huge
gas supply portfolio in the US
and showing its shift to less car-
bon-intensive projects. Clean
Energy captures biomethane
gas emitted from landfill waste
sites and then processes and
purifies it to pump through
pipelines. It is mainly used as a
fuel for transport. “Demand for
renewable natural gas is grow-
ing quickly and BP is pleased to
expand our supply capability
in this area,” Alan Haywood,
chief executive officer of BP’s
supply and trading business,
said. — Reuters
SIA making changes to
KrisFlyer redemptions
SINGAPORE: Singapore Air-
lines (SIA) is making changes
related to redemption bookings
for its KrisFlyer frequent-flyer
programme. A report by The
Straits Times said that from
March 23, fuel and insurance
surcharges would no longer
apply to KrisFlyer redemptions.
Code-sharing flights by other
airlines may still include sur-
charges. But the airline will be
removing the 15% discount on
miles for redemption bookings
made online. Full details of the
new award levels are available
at www.singaporeair.com/kf-
change.
Legendary actor-director
Jins Shamsuddin dies
KUALA LUMPUR: Legendary
actor Tan Sri Jins Shamsuddin
died yesterday. He was 82. Jins
died at a clinic in Taman Mel-
awati at about 6pm, said Hafiz
Nafiah, secretary-general of the
Malaysian Artistes Association.
Jins’s name was trending on
Twitter, with fans recollecting
his impact on their lives. The
Taiping-born actor-turned-di-
rector was particularly noted
for his award-winning film
Bukit Kepong. His film career
began in the 1950s under the
guidance of another legend-
ary Malaysian artiste, Tan Sri
P Ramlee. — Bernama
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
BNM defends insurers
against MyCC penalty
It says the alleged anti-competitive agreement was in response to its directive
BY S UPR I YA SU REND RA N
KUALA LUMPUR: Bank Negara
Malaysia (BNM) has come out to
defend the General Insurance Asso-
ciation of Malaysia (PIAM) and 22
of its members against anti-compe-
tition watchdog MyCC, which has
issued a proposed decision to fine
them RM213.45 million for being
parties to an alleged anti-compet-
itive agreement.
In a statement yesterday, the
central bank described the deci-
sion by MyCC, which stands for
the Malaysia Competition Com-
mission, as “most unfortunate”, as
it will “severely impact consumers’
interests”.
It said public benefits are served
by the arrangement that was mutu-
ally agreed between PIAM and the
Federation of Automobile Work-
shop Owners’ Association of Ma-
laysia (Fawoam).
“The arrangement was put in
place in response to a clear direc-
tive from Bank Negara Malaysia to
the general insurers in 2011 to ad-
dress disputes between workshops
and general insurance companies
over insurance claims payments
Vincent Tan: I’m in no rush
to sell football club
BY B I L LY TOH
KUALA LUMPUR: Tycoon Tan Sri
Vincent Tan has denied a news
report that said he is planning
to sell the English Champion-
ship club, Cardiff City Football
Club (CCFC).
“I am in no rush to sell CCFC,
but if I am offered the right price
by the right person who I believe
will be able to take the club to a
higher level, I will certainly con-
sider selling,” he said in a state-
ment yesterday.
“I have said before that if I
leave CCFC, I want to leave it in
good hands,” he said in response
to a report by Bloomberg entitled
“Embattled millionaire plans to
sell football teams”.
Tan said there were numer-
ous occasions when parties had
approached him to buy CCFC,
but the offers were rejected as
the prices offered were not right.
“CCFC has gone through a
rough patch as a result of the
actions of a previous manager
which are now the subject mat-
ter of several legal suits initiated
by CCFC.
“However, CCFC is turning
for motor repairs.”
Such disputes, it said, had result-
ed in prolonged delays in repairs
and caused significant inconven-
ience to consumers.
“Complaints were also received
by the bank on unsatisfactory and
high costs of repairs. The bank had
received more than 500 complaints
of this nature in 2011 alone, prior to
the arrangement. Such complaints
have now been reduced by 50%,”
said BNM.
The arrangement, it went on to
say, was necessary to reflect rea-
sonable costs of repairs in an en-
vironment where motor insurance
premiums are regulated by a tariff.
“Inflated claims, if not effec-
tively controlled, would have ne-
cessitated significant adjustments
to the tariff premiums affecting all
consumers, or risked general in-
surance companies withdrawing
altogether from the motor insur-
ance market,” it said.
In 2012, it said, in relation to mo-
tor third-party bodily injury claims
over one million motor vehicles
were referred to the motor insur-
ance pool for declined risks due to
difficulties faced by consumers in
A filepic of Cardiff City supporters. Tan says there were numerous occasions when
parties had approached him to buy CCFC, but the offers were rejected as the prices
offered were not right.
around now in the good hands of
Neil Warnock, who I think is a great
manager, and I believe it stands a
good chance of being promoted
again to the Premier League in the
next season,” he said.
CCFC currently sits at the 12th
position in the Championship
standings.
Tan also said in the statement
that he has a similar view for all
his businesses, where they are for
sale at the right price.
securing motor insurance at the
prevailing tariff rates.
“The bank subsequently sought
and obtained the government’s
approval to implement staggered
with limited incremental revisions
to the tariff. The tariff still remains
in place today,” it added.
On Tuesday, MyCC announced
that it had issued a proposed deci-
sion against PIAM and its members
on Feb 22 over the agreement with
the Fawoam on trade discount rates
for parts of certain vehicle makes
and labour hourly rates for work-
shops under the PIAM Approved
Repairers Scheme (PARS).
MyCC claimed that this in-
fringed the Competition Act 2010,
and proposed to impose various
remedies including financial penal-
ties against the 22 general insurers.
In response to BNM’s statement,
MyCC said, “We have no comment
at the moment”, when contacted by
The Edge Financial Daily.
Meanwhile, BNM went on to
point out that measures are current-
ly being undertaken by the bank to
implement broad reforms in the
motor insurance market, which
includes the gradual liberalisa-
“I do not fall in love with my
businesses,” he added.
Similarly, Tan sees Major
League Soccer’s (MLS) Los An-
geles FC (LAFC) as a long-term
investment amid rising valua-
tions for MLS clubs.
His stakes in Bosnia’s FC Sara-
jevo and Belgium’s Kortrijk Voet-
balt CVBA are not substantial as
compared with CCFC and LAFC,
and he sees no reason to sell un-
less an attractive offer is made.
HOME BUSINESS 3
tion of the motor insurance tariffs,
with the aim of promoting a more
competitive market while ensuring
affordable motor insurance premi-
ums in the long term.
“Without appropriate arrange-
ments to control inflated and fraud-
ulent claims, which are being ad-
dressed as part of the reforms, these
objectives will be severely under-
mined,” said BNM.
The central bank also stressed
that it firmly believes that public
interests are best served by contin-
ued progress on the reforms in the
motor insurance market.
“Any decisions to review the ar-
rangement independent of these
reforms, without taking into ac-
count consumers’ interest, would
prevent the public from enjoying
timely settlement of motor insur-
ance claims at reasonable costs and
having confidence in the quality of
repair works,” said BNM.
On that note, the central bank
said it will “continue to pursue a
resolution of this matter in the best
interests of the general public”.
Separately, PIAM said it is dis-
appointed with MyCC’s decision,
and called for the commission to
RHB Research foresees cost-push
inflation to lift CPI by 3% in 2017
BY BI LLY TO H
KUALA LUMPUR: RHB Research
forecasts the headline inflation
rate to pick up to 3% in 2017 com-
pared with 2.1% last year in view
of several recent cost-push devel-
opments that would bolster infla-
tionary pressure.
According to the research
house’s economic update yester-
day, Bank Negara Malaysia is likely
to keep the Overnight Policy Rate
unchanged at 3% given the rising
inflation pressure as well as vol-
atility in ringgit’s movement and
a more stable economic growth.
RHB noted that the broader
money supply, M3, was seen pick-
ing up in January by 4.4% year-on-
year (y-o-y) as demand for funds
by private-sector and government
operations picks up.
“We envisage [the] M3 growth
to pick up to 4.5% in 2017, from 3%
in 2016, and compared to 2.6% in
2015, on the back of stronger pro-
jected economic growth,” it said.
Including the Islamic invest-
ment accounts, M3 gained pace
to 5.1% y-o-y during the month,
from 4% in December 2016. In
tandem with the acceleration of
M3, narrow money, M1, also saw
a growth of 6.5% y-o-y in January
from 5.7% in the previous month.
Similarly, loan growth picked
up to 5.6% y-o-y in January, from
reconsider its proposed financial
penalty.
“PIAM has always worked in the
best interests of the consumer and in
full compliance with the directions
of its regulator, BNM. The PIAM-
Fawoam agreement was reached
on BNM’s directive to resolve sig-
nificant consumer complaints re-
garding repair times in the motor
insurance industry,” stressed PIAM.
The association added that it
will be obtaining legal advice to
defend its position that the arrange-
ment was not an anti-competitive
agreement.
According to MyCC’s statement
on Tuesday, it alleged that PIAM
and its members had fixed the parts
trade discount at 25% for Proton,
Perodua, Nissan, Toyota, Honda
and Naza vehicles and 15% for the
Proton Saga BLM model.
Labour rate, it said, was fixed at
RM30 per hour for PARS workshops.
Among the 22 PIAM members
named by the MyCC were AIA Bhd,
AIG Malaysia Insurance Bhd, Alli-
anz General Insurance Co, AmGen-
eral Insurance Bhd, AXA Affin Gen-
eral Insurance Bhd and Berjaya
Sompo Insurance Bhd.
5.3% in the previous month, main-
ly due to a faster rate of growth in
corporate loans.
Despite that, RHB expected
loan growth to slow to around
4.5% in 2017, from 5.3% in 2016
and compared with 7.9% in 2015,
as slower household loans are ex-
pected given the more stringent
rules on lending and a softening
property market, as well as mod-
erating business loans affected
by a softer business environment.
In January, corporate loans
grew at a quicker pace of 5.4% y-o-y
from 5% in December 2016, mainly
due to a pickup in loans extended
to the transport and storage sector,
according to the report.
Household-sector loans par-
tially offset the growth as it slowed
down to 5.2% y-o-y in January from
5.3% in December 2016, on the
back of moderation in loans ex-
tended for purchase of residential
property, while loans extended
for personal use, credit cards and
purchase of durable goods slowed
in January.
Total deposits grew at a fast-
er pace in January at 2.6% y-o-y,
from 1.5% in December 2016. With
loan growth continued to outpace
the deposits, the banking system’s
loan-to-deposit ratio inched higher
to 89.8% in January from 89.7% in
the previous month and 89.6% in
November 2016.
4 HOME BUSINESS
InvestKL aims to woo
10 MNCs in 2017
It is a lower target compared with 13 achieved in 2016
BY SU L HI A ZMA N
KUA L A LU M P U R : G ov e r n -
ment-owned promotion agency In-
vest Kuala Lumpur Corp (InvestKL)
expects to secure 10 multinational
corporations (MNCs) to invest in
Greater Kuala Lumpur this year —
lower than 13 MNCs it managed to
secure in 2016.
According to InvestKL chief ex-
ecutive officer Datuk Zainal Aman-
shah, this year’s target is moder-
ate and has taken into account
of the current market conditions,
which prolong the investment de-
cision-making cycle.
“It is always better to be prudent
in setting a target. I don’t want to be
too ambitious but moderate,” Zain-
al told reporters at a media briefing
yesterday. "Despite the global chal-
lenges, InvestKL has achieved 64%
of its 2020 target to attract 100 MNCs
to set up regional establishments in
Greater Kuala Lumpur."
Zainal said InvestKL foresees fu-
ture investments to come from com-
panies in the niche areas of manu-
facturing and services sectors such as
advanced manufacturing, Internet of
things, and global business services.
Zainal declined to comment on
the expected value of investments
this year, saying that it varies among
EDITOR’S PICKS FROM
theedgemarkets.com
MAHB’s Istanbul airport CEO steps
down to make way for new leadership
BY C H E STER TAY
KUALA LUMPUR: Malaysia Air-
ports Holdings Bhd (MAHB) said
the chief executive officer (CEO)
of its wholly-owned airport in Is-
tanbul, Turkey is stepping down
to facilitate changes in the air-
port’s management.
In a statement, MAHB said there
is a need to shift to a more global
perspective to create bigger oppor-
tunities for Istanbul Sabiha Gokcen
International Airport (ISG).
“Gokhan Bugday has stepped
down as CEO effective March 1,
2017 to make way for a new lead-
ership to take on this new growth
target,” it added, without imme-
diately naming a replacement for
the man who had served at ISG
for eight years.
MAHB said the shift to a more
global perspective entails changes
across all segments of the business
to ensure that ISG will continue to
thrive and compete internationally.
MAHB managing director Da-
tuk Badlisham Ghazali said ISG
different organisations.
"It is difficult to project a num-
ber, as investments from these com-
panies are made in commercial
terms, but of course we hope to
maintain the numbers," he added.
In 2016, InvestKL saw 13 MNCs
commit a total investment of
RM2.94 billion, with 1,862 of re-
gional jobs created.
From 2011 to 2016, InvestKL saw
a total investment of RM8.9 billion
approved, with 36% or RM3.2 bil-
lion realised.
According to Zainal, some 9,335
jobs were created in the last six
years, and so far, 56% or 5,233 peo-
ple had been hired.
“Of those on the payroll, 83% or
4,318 are Malaysians, with an aver-
age annual income of RM114,000,"
he said.
"These multinationals are ac-
tively collaborating with local com-
panies, developing value-added
services for domestic and export
markets, creating high-paying re-
gional jobs and transferring skills
to Malaysians."
Among the 13 companies that
have established regional offices
in Kuala Lumpur are Novartis, Or-
acle, Oceaneering International,
Voith, Technicas Reunidas, Amer
International Group, Rhodium,
bears a “huge growth potential”,
and it will continue to be a key as-
set for the group’s international
expansion strategy.
“With the support from our re-
cent and upcoming investments,
we expect ISG to not only be a key
contributor to the group’s sustaina-
bility, but also create further value
to the Turkish economy and in-
crease the country’s international
appeal,” he said.
For the financial year ended Dec
31, 2016 (FY16), ISG registered a
loss before tax of RM56.7 million
versus profit before tax of RM29.9
million in FY15, despite a 4.6% rise
in revenue to RM948.9 million from
RM907.2 million.
Badlisham said in order to al-
low further growth in ISG, MAHB
has invested to improve passenger
transfer facility between interna-
tional and domestic.
“In addition, we also plan to
invest further in increasing ISG’s
current capacity by building a new
boarding hall to cater for the grow-
ing domestic traffic,” he said.
CRH, AB InBev and China Railway
DongFang Group.
“The focus areas include high-val-
ue business services, information
technology, oil and gas, engineering
and construction,” he said.
“In addition, these corporations
are contributing to the growth of the
local real estate market, as well as
to the hospitality, education, med-
ical, tourism and entertainment
industries.”
In 2016, all 64 companies that
InvestKL had managed to attract
utilised 627,960 sq ft of office spac-
es in Greater Kuala Lumpur area,
with popular hubs that spread
across Putrajaya, Cyberjaya, Pet-
aling Jaya, Kuala Lumpur Sentral
and Bangsar South.
“The 64 companies contributed
an annual rental of RM43.6 million
for office spaces that they occupied
in Kuala Lumpur,” Zainal said, adding
that the rental rate averaged between
RM5 per sq ft and RM7 per sq ft.
“At the same time, there will be
new office space at Petronas Twin
Tower, and these 64 MNCs would
occupy 35 floors of one of the twin
towers,” he added.
To date, major investments in
Greater Kuala Lumpur come from
MNCs from Europe (44%), Ameri-
cas (31%) and Asia-Pacific (25%).
Petrol One secures contract for Asia Petroleum Hub
BY AHM AD NAQI B I DRI S
KUALA LUMPUR: Petrol One
Resources Bhd has secured a
support services agreement for
the Asia Petroleum Hub Termi-
nal Facilities project in Tanjung
Bin, Johor.
In a filing with Bursa Malaysia,
Petrol One said the agreement
was signed between its indirect
wholly-owned subsidiary Petrol
One Offshore Sdn Bhd (POOSB)
and Dalian Jinzhou Heavy Ma-
Tiger Synergy aborts RM42m rights issue exercise
BY S U P RI YA S U RE NDRAN
KUALA LUMPUR: Tiger Synergy
Bhd has aborted its plan to un-
dertake several corporate pro-
posals, including a rights issue to
raise as much as RM41.72 million.
The property developer, which
announced the decision in a fil-
ing with Bursa Malaysia yester-
day, did not provide any reason.
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
Mustapa slams critics
of China investors
BY S UL H I A Z MA N
KUALA LUMPUR: Internation-
al Trade and Industry Minister
Datuk Seri Mustapa Mohamed
has slammed critics of influx of
Chinese investments in Malay-
sia, saying that it is not a sign that
Malaysia is a failed state, neither
is the country “selling its soul”
nor losing its sovereignty to for-
eign parties.
“The world is global and we are
a village. We can’t survive on our
own and we need technologies.
Our people are educated overseas
and foreigners are coming to our
country for various economic rea-
sons. We cannot live on our own,”
Mustapa, 66, told reporters after
presenting momentos of appreci-
ation to 13 multinational corpora-
tions that committed investments
worth a sum of RM2.94 billion in
the country last year.
Responding to a question on
criticisms that the government
is allowing certain foreign in-
vestments, particularly those
from China’s state-owned
enterprises, Musta-
pa said: “Then what
a b o u t Ma l ay s i a n
Mustapa: The fact
is, Malaysia is a
small market and
the world is a global
marketplace that
it depends and
relies on. Photo by
Patrick Goh
chinery Co Ltd (DJHM).
Under the contract, POOSB will
provide a supply base measuring
five acres (2ha) on a plot of land
located adjacent to the Port of Tan-
jung Pelepas in Johor, along with
warehouse and logistic support,
agency services and custom clear-
ance, and marine support services.
Meanwhile, DJHM will pay a fee
for the support services at a rate of
cost plus 5%.
Petrol One said it will announce
the cost of the project at a later
It said it had submitted a letter
to Bursa to request for the with-
drawal of the listing application
submitted in respect of the pro-
posed irredeemable convertible
of preference shares (ICPS) rights
issue with warrants.
The proposals, which also in-
cluded a share buy-back and in-
crease in authorised share capital,
were announced on June 1 last year.
companies investing abroad?”
“Malaysian firms are big in Chi-
na and Canada for instance. For
the record, we have more Malay-
sian investments overseas than
the foreign direct investments in
this country, and this is the point
that needs to be driven home,” he
lamented.
“The fact is, Malaysia is a small
market and the world is a global
marketplace that it depends and
relies on. Or else we will go down-
hill and nowhere.”
It is worth noting that two of the
13 companies that have commit-
ted their investments in Malaysia
are from China: commodity trad-
er Amer International Group and
China Railway DongFang Group,
part of China Railway Group Ltd,
which provides engineering and
procurement services.
The 13 companies are part of
the effort by Invest Kuala Lum-
pur Corp, a government-owned
promotion agency that has been
tasked to bring in 100 multina-
tional corporations to establish
regional hubs in Greater Kuala
Lumpur by 2020.
Last year, Prime Minis-
ter Datuk Seri Najib Razak
visited China and signed
14 agreements, which will
see RM144 billion
worth of in-
v e s t m e nt s
flow into
Malaysia.
date, as the two parties to the
agreement are still in the midst
of finalising the details of the cost
of the project.
“The support services agree-
ment is expected to contribute
positively to the consolidated
earnings per share of Petrol One
for the financial year ending June
30, 2018,” said the company.
Trading in Petrol One shares
has been suspended since 2014.
The counter was last traded at
5.5 sen.
The proposed rights issue in-
volved up to 6.14 billion ICPS on
the basis of three ICPS for every
existing share was to raise mon-
ey for capital expenditure and
working capital.
Tiger Synergy shares were not
traded yesterday. They were last
traded at four sen a share, giv-
ing it a market capitalisation of
RM55.6 million.
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5

Malaysia Airlines FY16 loss Malaysia Airlines quarterly load

factor and passenger number
Load
factor (%)
Passenger
number (mil)

smaller than budgeted

85 4.0

3.8
80

3.6
75
3.4
70
3.2
However, it expects yields to decline in 2H17 on ‘irrational competition’ 65
3.0

BY CH E ST E R TAY
KUALA LUMPUR: Malaysia Airlines
Bhd recorded a smaller-than-budg-
eted loss in the financial year ended
Dec 31, 2016 (FY16) as the load fac-
tor for the fourth quarter (4QFY16)
grew by 11 percentage points to
81%, from 70% a year ago.
However, in sharing this in a
statement yesterday, it did not re-
veal the quantum of annual loss it
registered for the year nor what the
quarterly financial performance
was like.
The national carrier’s chief exec-
utive officer Peter Bellew said book-
ings accelerated in 4QFY16, thanks
to a focus on premium business
traveller and all-inclusive econ-
omy fares.
“The last quarter (4QFY16) saw a
good performance in a challenging
environment. Our staff have worked
hard to improve customer service,
which is reflected in [the] increased
bookings,” he said, adding that the
group’s aim is to be a five-star pre-
mium Asian airline.
Malaysia Airlines carried 3.8 mil-
lion passengers during 4QFY16,
bringing its passengers-car-
ried-for-FY16 tally to 13.9 million.
It aims to carry 17 million passen-
gers in FY17.
The group said it had managed
to maintain its fare discipline de-
spite competitors dropping fares.
“We remain focused on cost
control and have identified a fur-
ther RM400 million of cost reduc-
tions in 2017 to offset US dollar
strength. The airline finished 49%
ahead of our budgeted loss for
2016,” it said.
Malaysia Airlines said it will
continue to offer great value for
all-inclusive business and economy
fares, “while most carriers around
the world continue to add extra
charges and unbundle their fares”.
“The group continues to main-
tain [a] strong year-on-year load
performance and believes it will
improve on targets for 2017, bar-
ring unexpected adverse declines
in 2017 airfares due to overcapacity
and intense competition,” it said.
Meanwhile, it said it is work-
ing towards finalising plans for the
formation of a new airline, using
six A380 aircraft to service the haj
and umrah market. “Interviews for
key positions for this airline have
already been initiated, with plans
under way with Airbus to increase
the seat capacity to 720 seats for
the [planes].”
As for FlyFirefly Sdn Bhd (Fire-
fly), Malaysia Airlines acknowl-
edged that price competition for
flights from Subang is particularly
intense in the domestic market, and
that Firefly will work to increase its
average yield in 1QFY17.
Firefly is a turboprop opera-
tor wholly-owned by Malaysia
Aviation Group Bhd, the holding
company of Malaysia Airlines.
On MASwings Sdn Bhd, an East
Malaysia turboprop service pro-
vider, Malaysia Airlines said the
business broke even with finan-
cial support from the federal gov-
ernment under a rural air service
(RAS) agreement renewed every
five years.
“The current agreement ends in
September 2017 and is expected
to be renewed with a reduction in
the level of services to cover 14 air-
craft commencing in October 2017.
MASwings is in final discussions
with the transport ministry and the
Malaysian Aviation Commission
on the final RAS for the next five
years, and hopes to conclude an
agreement in 1QFY17,” it added.
It also revealed that MASkargo
Sdn Bhd managed to reduce loss-
es in FY16 and is close to breaking
even in FY17.
As for aircraft procurement, the
group said delivery of the first Air-
60 2.8
1Q 2Q 3Q 4Q
FY16
bus A350 is expected to be delayed
by one to two months to Decem-
ber 2017. “Malaysia Airlines may
potentially seek additional wide-
body aircraft from either Airbus or
Boeing for introduction in 1QFY18,
to increase seats and improve prod-
uct quality available on existing
routes,” it said.
Moving forward, the group said,
it remains cautious about the out-
look for 2017, as a weaker ringgit
to the US dollar, overcapacity and
intense competition are expected to
be the dominant themes of the year.
“We expect yields to decline in
the second half of the year (2H17)
due to irrational competition, but
our focus will be on reducing costs
to maintain our financial position,”
it reiterated.
6 HOME BUSINESS
CIMB-Principal’s asset
under management
rises to RM67.6b
Firm declares RM51m distribution for 17 funds
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: CIMB-Principal
Asset Management Bhd registered
a 7.6% year-on-year increase in as-
sets under management to RM67.6
billion in 2016 despite a challenging
economic environment.
Its private retirement scheme
(PRS) segment rose by a significant
27% to RM343 million, said the com-
pany which is jointly owned by CIMB
and New York-listed The Principal
Financial Services Inc, a Fortune
500 company.
CIMB-Principal chief executive
officer Munirah Khairuddin said
the increase reflects customer con-
fidence in its calculated and diversi-
fied asset allocation strategy in the
right markets, backed by its glob-
al experience, market insights and
technical expertise.
The track record showed the com-
pany’s resilience and the company is
confident of continued growth in 2017
Downgrades trumped upgrades
by five to one in 2016 — RAM
BY SANGEETHA AMARTHALINGAM
KUALA LUMPUR: Negative ratings
over corporations and financial
institutions still held reign in 2016
with downgrade ratings exceeding
upgrades by five to one, said RAM
Rating Services Bhd.
However, it noted that the pace
of downgrades slowed down com-
pared to the previous two years,
signalling the easing of credit de-
terioration amid nascent signs of a
delicate economic recovery in the
fourth quarter of 2016.
“While downgrades may still ul-
timately exceed upgrades in 2017,
we expect downgrades to be con-
tained and the ratings [to drift] grad-
ually towards neutral territory by the
HeiTech Padu signs RM41.9m contract with PNB
BY B I L LY TOH
KUALA LUMPUR: IT systems inte-
grator HeiTech Padu Bhd has signed
an RM41.9 million contract with
Permodalan Nasional Bhd (PNB) to
provide managed wide area network
infrastructure for PNB and Amanah
Saham Nasional Bhd.
The supply, installation, commis-
with a focus on its long-term plan to
strengthen the value proposition for
customers, she said in a statement.
Munirah said the asset manager
expects to see a good performance
for its funds in 2017 with expected
earnings of around 10%.
“While we foresee continued vola-
tility and uncertainty in global finan-
cial markets, growth dynamics in the
Asia-Pacific region will continue to
improve, and 2017 earnings are ex-
pected to be around 10%, which is a
significant turnaround from negative
growth in the past few years,” she said.
CIMB-Principal also announced a
gross distribution of RM51 million for
17 of its funds for 2016. The funds in-
clude CIMB Islamic Balanced Growth
Fund, CIMB-Principal Income Plus
Balanced Fund, CIMB-Principal Stra-
tegic Bond Fund, CIMB-Principal
Bond Fund, CIMB-Principal Bal-
anced Fund and CIMB Islamic Eq-
uity Aggressive Fund.
Meanwhile, CIMB-Principal’s
end of 2017/2018,” the rating agen-
cy added in a statement yesterday.
RAM said the magnitude of rat-
ing downgrades was also less severe
in 2016, with entities charting an
average downgrade of 1.4 notches
compared with 2.1 notches in 2015.
At the end of 2016, about 92% of
its rated entities had stable outlooks
on their long-term ratings where
35% carried AAA ratings and about
half were AA-rated, underscoring
the strong credit quality of the com-
panies under surveillance.
RAM added that gross issu-
ance of Malaysian corporate bonds
reached RM85.3 billion in 2016.
Of that, RAM rated 40 issues with
a combined programme value of
RM92.1 billion.
sioning, operation and maintenance
contract is for a period of five years
until Aug 31, 2021, said HeiTech
Padu in a filing yesterday.
The company said the deal is ex-
pected to have a positive effect on its
earnings per share but will have no
material effect on its dividend policy,
gearing, share capital and substantial
shareholders’ shareholding.
regional funds, CIMB Islamic Asia
Pacific Equity Fund and CIMB-Prin-
cipal Asian Equity Fund, won the
Best Equity Asia Pacific ex-Japan,
Five Years Performance award from
The Edge-Thomson Reuters Lipper
Malaysia Fund Awards 2017.
CIMB-Principal Global Titans
Fund won the Best Equity Global Per-
formance award at The Edge-Thom-
son Reuters Lipper Malaysia Fund
Awards 2017 for the third time.
CIMB-Principal Global Titans
Fund is an equity fund that invests
in big-cap companies in the US, Eu-
rope and Japan, with a medium- to
long-term growth outlook.
Since its inception in 2005, the
fund has delivered a cumulative
annual total return of 65.95% as
at the financial year ended March
31, 2016.
To date, CIMB-Principal has
63 unit trust funds, 19 wholesale
funds, 10 PRS funds and two ex-
change-traded funds.
Moving forward, the rating agen-
cy said it remains cautiously op-
timistic about the market in 2017
when gross issuance could reach
its higher-end projection range of
RM75 billion to RM85 billion.
This would be backed by a po-
tential delicate recovery in gross
domestic product growth (forecast
at 4.5%), numerous national infra-
structure projects in the pipeline and
the Overnight Policy Rate holding
steady at 3%.
“These factors also augur
well for corporate earnings and
debt-servicing aptitude. Downside
risks to our forecasts include the
pace of US interest rate hikes and
trade policy direction, as well as
China’s growth,” it added.
“The board of directors is of the
opinion that the execution of the
contract is in the ordinary course of
business and is in the best interest
of the company,” it added.
HeiTech Padu’s share price closed
4.58% higher at 69 sen yesterday,
with 175,000 shares changing hands,
giving a market capitalisation of
RM69.3 million.
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
At the launch of Wisma Mercedes-Benz and the Mercedes-Benz Malaysia Training Academy
are (from left) Daimler Financial Services Africa & Asia Pacific regional head South-East
Asia and Southern China Thomas Hungerland, Mercedes-Benz Cars director of after sales
region overseas P E Chartier, Weidner, Mercedes-Benz Cars head of region overseas Dr Till
Conrad, Daimler AG director of global training Joerg Himmelmann, and Daimler Commercial
Vehicles South East Asia director of regional centre Kay-Wolf Ahlden.
Mercedes-Benz Malaysia will continue
investing in dealerships to grow sales
BY WO N G E E L IN
PUCHONG: Mercedes-Benz Ma-
laysia Sdn Bhd will continue to in-
vest in its Malaysian dealerships to
grow sales, said president and chief
executive officer Dr Claus Weidner.
“Mercedes-Benz Malaysia will
continue investing in our dealer
network and in enhancing all cus-
tomer touch points nationwide.
“We will also continue to ex-
tend our unwavering support to
the nation’s ambition of becoming
an energy-efficient vehicle (EEV)
hub, in line with global standards,”
Weidner said here yesterday.
On whether it plans to bring in
more EEVs and hybrid automobiles
into the market, Weidner said: “It really
depends on the path and market regu-
lations that are set by the government.”
Aside from highlighting that reg-
ulations have to be in line with the
National Automotive Policy 2014
(NAP 2014), Weidner also noted
that EEV infrastructure has to be
built with the right partners.
Meanwhile, Weidner said about
35% of Mercedes-Benz Malaysia’s
sales volume comprises hybrid ve-
hicles, which he said is higher com-
pared with Europe or other countries.
He was speaking at the launch
of Mercedes-Benz Malaysia’s new
headquarters, Wisma Mercedes-
Benz Malaysia, and the company’s
training academy. Weidner said
Mercedes-Benz Malaysia invested
LKL International forms JV to
distribute medical devices in Malaysia
KUALA LUMPUR: LKL Internation-
al Bhd has formed a joint venture
(JV) company, TMI Medik Group
Sdn Bhd (TMG), to distribute se-
lected Nihon Kohden branded
medical devices in Malaysia.
Under the JV agreement with
TMI Solutions Pvt Ltd, LKL Inter-
national will hold a 70% stake in
TMG, via its wholly-owned subsidi-
aries, Medik Gen Sdn Bhd and LKL
Advance Metaltech Sdn Bhd, with
the remaining 30% held by TMI.
The exclusive distributorship rights
are expected to be awarded by Nihon
Kohden Singapore Pte Ltd, a sub-
sidiary of Nihon Kohden Corp, for
a minimum period of three years in
Malaysia, including Sabah and Sar-
PHOTO BY MOHD IZWAN MOHD NAZAM
RM74 million in its new headquar-
ters and training academy, both of
which are housed in a six-storey
green industrial facility. The facility
has a built-up area of 118,000 sq ft.
“Our new purpose built facility
will enable us to consistently provide
high levels of service, expertise and
reliability to satisfy our customers,
who expect the highest standards
of excellence,” Weidner said.
With the new training academy,
Mercedes-Benz Malaysia targets to
increase its apprentices under its
vocational training programme,
Advance Modern Apprenticeship,
from 28 apprentices a year to 60 by
the end of this year.
Under the apprenticeship, aside
from securing an international-stand-
ard qualification and first-hand ex-
perience in handling Mercedes cars,
the apprentices will have a secure ca-
reer path at Mercedes-Benz author-
ised dealerships nationwide, with the
guarantee of a four-year employment.
This, the company believes,
helps to reaffirm its commitment
to develop the skills of Malaysian
youths and creating more job op-
portunities for them.
Mercedes-Benz Malaysia is a
joint venture between Daimler AG
and Cycle & Carriage Bintang Bhd.
On Bursa Malaysia, shares in Cycle
& Carriage Bintang closed up two
sen or 0.7% at RM2.89 yesterday,
giving it a market capitalisation of
RM289.14 million.
awak, it said in a statement yesterday.
The business activities to be car-
ried out by the JV company were
expected to contribute positively
to LKL International’s earnings in
the near future.
Currently, TMI operates by part-
nering with medical equipment
manufacturers to provide medical
products to the Sri Lankan market.
Nihon Kohden Corp is listed on
under the Tokyo Stock Exchange and
is the manufacturer, developer and
distributor of medical devices, while
LKL International is an investment
holding company principally involved
in the provision of medical/healthcare
beds, peripherals and accessories.
— Bernama
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
EKOVEST BHD (-ve)
SHARES in Ekovest Bhd (fundamental: 1.8/3,
valuation: 1.4/3), which triggered our mo-
mentum algorithm yesterday, closed nine
sen or 7.7% higher at RM1.26.
The group has awarded an RM5.95 mil-
lion contract to supply generator sets for
its EkoCheras commercial development in
Cheras to WCM Power Sdn Bhd.
On Feb 24, it said its wholly-owned
subsidiary Ekovest Construction Sdn
EKOVEST BHD
KNUSFORD BHD (-ve)
SHARES in little-traded Knusford Bhd (fun-
damental: 1.25/3, valuation: 1.2/3) closed
four sen or 3.2% lower at RM1.23 yester-
day, after 175,600 shares were exchanged,
compared to its 200-day average volume of
3,273 shares.
The group widened its net loss to RM7.02
million in the fourth quarter of the financial
year ended Dec 31, 2016 (4QFY16), from
RM1.77 million a year earlier, mainly because
KNUSFORD BHD
T7 GLOBAL BHD (+ve)
SHARES in T7 Global Bhd (fundamental:
2.05/3, valuation: 0.3/3), formerly known as
Tanjung Offshore Bhd, which triggered our
momentum algorithm yesterday, closed up
six sen or 16.7% at 42 sen.
It saw 4.11 million shares done, far exceed-
ing its 200-day average volume of 259,926
shares.
The company, which is involved in pro-
vision of engineering equipment packages,
maintenance services and production plat-
form services for the oil and gas industry,
T7 GLOBAL BHD
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
Bhd had been awarded the contract to
supply generator sets for Towers H, J, E,
A and N, and the mall of the EkoCheras
development.
The contract is expected to be completed
Matrix signs MoU with
in November.
The stock saw some 22.02 million shares
traded, exceeding its 200-day average volume
Taiwan firm for hospital
of 2.17 million shares. It is currently trading
at 0.77 times its book value. BY SURIN MURUGIAH rent population of more than 30,000, with a
future target of more than 120,000 by 2022.
Valuation score* 1.40 KUAlA LUMPUR: Matrix Concepts Hold- “At this juncture, the establishment of
Fundamental score** 1.80 ings Bhd has inked a memorandum of un- MGSC is still in the midst of [an] in-depth
TTM P/E (x) 12.93 derstanding (MoU) with Taiwan’s Chang- study by [the] JWG, with the final costs and
TTM PEG (x) 0.01 hua Christian Hospital (CCH) for the commitment of both parties to be finalised
P/NAV (x) 1.84 proposed establishment of a medical and in due course,” it said.
specialist healthcare service provider in Matrix said CCH is an established med-
TTM Dividend yield (%) 1.03
Bandar Sri Sendayan, Negeri Sembilan, ical and specialist healthcare service pro-
Market capitalisation (mil) 2,502.87 to be known as Matrix Global Specialist vider in Taiwan.
Shares outstanding (ex-treasury) mil 2,139.20 Centre (MGSC). “CCH’s medical network has about 6,800
Beta 0.64 In a filing with Bursa Malaysia yester- members and 3,600 beds providing [a]
12-month price range 0.37-1.17 day, Matrix said the two sides had agreed full range of specialty departments, with
*Valuation score - Composite measure of historical return & valuation to establish a joint working group (JWG) specialists in medicine, nursing, medical
**Fundamental score - Composite measure of balance sheet strength for the review, feasibility study, construc- technology and management, providing
& profitability tion and development of MGSC. healthcare services to around 13,000 out-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have It said the MoU is valid for six months, patients per day and 25,000 emergency
with the option to extend its validity for cases per month,” it said.
a further six months. Bandar Sri Sendayan, developed by Ma-
Matrix said MGSC, if established, will trix, features residential, commercial and
be the first hospital to incorporate state-
of-the-art development, to be built in
industrial units, as well as an international
school, and the Royal Malaysian Air Force’s
of additional provision for doubtful debts. Bandar Sri Sendayan, to cater for the cur- new training and academia centre.
Revenue, however, climbed 18%
to RM35.12 million from RM29.83
million.
For the full FY16, Knusford’s net loss wid-
ened to RM15.77 million from RM1.61 million ‘Skill shortage a burden on employers’
in FY15, as revenue shrank 14% to RM130.19
million from RM151.13 million. BY NE I LY SYAFI QAH E U S O F F business operations are likely to be affected
At the current share price, Knusford is throughout the year.
trading at 0.45 times its book value. KUALA LUMPUR: About 97% of business- “Employers are encouraged to invest
es in Malaysia believe the shortage of skills in training and development of staff, and
Valuation score* 1.20 epidemic will impact their operations this to become more strategic in their talent
Fundamental score** 1.25 year, while 46% of Malaysian employers management practices.
TTM P/E (x) - plan salary increases of between 3% and “Recruitment and retention of talented
TTM PEG (x) - 6%, according to recruiting expert Hays. employees will undoubtedly be one of the
P/NAV (x) 0.45
These were among the findings of the biggest challenges facing employers this
2017 Hays Asia Salary Guide released year, and heighten the need for a review of
TTM Dividend yield (%) 1.57
yesterday. The survey, drawn from over recruitment policies and procedures in the
Market capitalisation (mil) 126.55 3,000 employers across Japan, China, midst of a war for top talents,” said Wright.
Shares outstanding (ex-treasury) mil 99.65 Hong Kong, Malaysia and Singapore, rep- Meanwhile, like last year, salary expec-
Beta 0.21 resents some six million employees with tations of Malaysian workers and what em-
12-month price range 1.02-1.45 salary ranges for more than 1,200 roles. ployers are offering are still disconnected.
*Valuation score - Composite measure of historical return & valuation
The survey found that the key trends Only 36% of employers will award more
**Fundamental score - Composite measure of balance sheet strength of skill shortages and reliance on tem- than 6% increases, whereas 50% of candi-
& profitability porary staffing from last year are set to dates surveyed expect more than 6%.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have continue this year. According to the survey, about 61% of
“The ability to attract and retain the workers in Malaysia plan to switch jobs
best talents provides a company with a this year, for improved salary or benefit
competitive advantage, but in 2017, with packages.
skill shortages persisting and significant
changes and challenges on the horizon,
“Employers need to balance the need
to remain competitive on salary to attract
reported a net profit for the fourth quar- it is more important than ever,” said Hays new talents while carefully managing [their]
ter ended Dec 31, 2016 of RM9.04 million, Asia managing director Christine Wright. salary budget for existing staff. Tensions
against a net loss of RM26.35 million in the Hays noted that skill shortage in Ma- could arise if salaries for new hires move
previous corresponding quarter. laysia has been well documented, as up too fast,” she added.
Quarterly revenue jumped up 98% to
RM37.28 million, from RM18.81 million, on
improved contributions from its engineered
packages, and products and services division.
The group did not declare any dividend
RHB Smart Account users top 2 million
for the quarter.
At the current share price, T7 Global is BY ADAM AZ I Z “The RHB Smart Account complements
trading at 1.31 times its book value. customers’ increasing inclination to use
KUALA LUMPUR: RHB Bank Bhd said the Internet and mobile devices for their
Valuation score* 0.30 its online-based RHB Smart Account banking and financial needs,” he told re-
Fundamental score** 2.05 had secured 2.24 million users as at Jan- porters at the scheme’s launch yesterday.
TTM P/E (x) 31.67 uary as the financial services provider The smart accounts offer up to 3% re-
TTM PEG (x) - expands its technology-savvy custom- turns per year based on a 0.5% base rate
P/NAV (x) 1.12 er base. for accounts with a minimum balance of
Its group retail banking executive RM1,000, added with the types and value
TTM Dividend yield (%) -
director U Chen Hock said the bank is of transactions performed.
Market capitalisation (mil) 136.46 targeting another 50,000 users within U said the two smart accounts accu-
Shares outstanding (ex-treasury) mil 379.07 seven months for the scheme. mulated RM7 million in deposits between
Beta 1.17 “The RHB Smart Account and [Islam- Jan 9 and Feb 26.
12-month price range 0.28-0.37 ic-based] RHB Smart Account-i allow The introduction of the two new ac-
*Valuation score - Composite measure of historical return & valuation customers to open their account online, counts is in line with RHB’s plan to further
**Fundamental score - Composite measure of balance sheet strength doing away with the paperwork, hence reduce its cost of funding and continue the
& profitability simplifying the account opening process growth momentum of its overall custom-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have to not more than 10 minutes. er deposits, which grew by 4.8% in 2016.
8 P R O P E RT Y
Hong Kong’s Sun Hung Kai
sees 57% profit surge
Company says it will continue to actively bid for land despite the ‘intense competition’
BY VEN US WU
HONG KONG: Sun Hung Kai Prop-
erties Ltd, Hong Kong’s largest real
estate company by market value,
posted a 57% surge in first-half un-
derlying net profit on Tuesday, on
the back of higher contributions
from development earnings and
rental income.
The company, which has long ben-
efited from its diverse portfolio of flats
and office space in some of Hong
Kong’s best locations, said underlying
UK house prices gain more than expected — Nationwide
BY B R I AN SWI N T
LONDON: UK house prices rose
more than expected in February,
according to Nationwide Building
Society, a sign that the market’s
strength has extended into this year.
Prices gained 0.6% from January,
a third month of gains. Economists
predicted an increase 0.2%. From a
year earlier, prices climbed 4.5% to an
average of £205,846 (RM1.13 million).
Britain’s housing market and
the wider economy have been sur-
prisingly resilient since the vote to
leave the European Union in June.
Nationwide doesn’t provide a re-
gional breakdown, though other re-
ports suggest the market is weaker
in London, with more home sellers
having to cut asking prices. London
home prices have surged about 86%
since 2009, meaning it now costs buy-
ers 14.2 times their annual gross sala-
ry to purchase a property, more than
double the UK average. — Bloomberg
profit amounted to HK$14.6 billion
(RM8.4 billion) in the six months
ended Dec 31, 2016, compared with
HK$9.3 billion a year earlier.
Profit attributable to sharehold-
ers was HK$20.7 billion, 40.3% more
than the HK$14.7 billion reported
a year earlier.
Chairman and managing di-
rector Raymond Kwok said he ex-
pected the Hong Kong economy to
see modest growth, but added that
challenges remained for the group.
“The group’s business of prop-
erty development for sale will
continue to perform satisfacto-
rily, despite a tougher operating
environment since late last year,”
Kwok said in a statement.
Deputy managing director Victor
Lui said at a press conference after
the results that the company was
upbeat about the outlook for Hong
Kong’s property market this year.
“Overall we think this year’s prop-
erty market will be healthy and stable.
We expect a mild rise in home pric-
es this year,” Lui said at the briefing.
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
Home prices, one of the ma-
jor sources of social discontent in
Hong Kong, have climbed for 10
consecutive months and hit yet
historic highs, despite government
measures to cool down the market.
Last Friday, two companies
jointly bought a piece of residential
land, shattering a price record that
has been standing for two decades.
Sun Hung Kai said it would con-
tinue to actively bid for land de-
spite the “intense competition”.
— Reuters
5.98
IN BRIEF
Trump tower opening
greeted by protests
OTTAWA: US President Don-
ald Trump’s two sons inaugu-
rated a Trump International
Hotel and Tower in Vancouver
on Tuesday as protesters out-
side chanted “Not in my city”.
About a hundred protesters
demonstrated in front of the
building, one of Vancouver’s
tallest, as Donald Jr and Eric
Trump joined Malaysia-based
developer Tiah Joo Kim for
the ribbon cutting. Chants of
“Dump Trump”, “Not in my city”
and “Humanity against Trump”
went up from the crowd. Tiah,
however, rebuffed calls to re-
move the Trump name from the
69-storey skyscraper, saying he
is locked into a licensing agree-
ment. — AFP
China home value growth
to slow this year — poll
BEIJING: China’s house price
growth will slow significantly on
continuing government curbs
and tighter credit conditions
this year, dampening land sales
that hit record highs in 2016, but
views diverge on whether pric-
es will correct sharply, a Reuters
poll showed. Home prices across
the nation are expected to rise a
median 5% in the first half of the
year and 2% for the full year, the
poll estimated. Analysts expect
a lag between official tighten-
ing steps and the deceleration
in price growth. — Reuters
Sydney dwelling values
jump most in 14 years
SYDNEY: Dwelling values in
Australia’s largest city rose at the
fastest annual pace in 14 years in
February as record-low interest
rates outweighed regulatory ef-
forts to avert a housing bubble.
Average values in Sydney surged
by 18.4%, the biggest jump since
December 2002 when the nation
was at the tail end of the early
2000s’ housing boom, accord-
ing to data provider CoreLog-
ic Inc. Across the state capitals
combined, values rose by 11.7%.
— Bloomberg
128.98
10 B R O K E R S’ C A L L T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY

Affin income No easy path to recovery for FGV

Felda Global Ventures
Holdings Bhd
about this front given that the dry
weather may be prolonged, espe-

growth leads to
(March 1, RM1.87)
Maintain fully valued with a tar-
get price (TP) of RM1.65: Felda
Global Ventures Holdings Bhd
(FGV) saw core losses widen in
cially as the group does not have a
sizeable maturity pipeline.
MSM saw PBT decline 59% in
FY16 on higher raw sugar costs,
thus creating a drag on FGV’s earn-

strong performance
financial year 2016 (FY16), as high- ings as it had previously contrib-
er average crude palm oil (CPO) uted more than 100% of group
selling prices were partially off- pre-tax profits (due to losses in
set by a 14% decline in CPO pro- other aggregated divisions). The
duction volume, while sugar unit persistence of these conditions will
MSM Malaysia Holdings Bhd saw stymie any chances of sustainable
its profit before tax (PBT) contri- profitability.
bution drop by more than half due We impute FY16 figures and
Affin Holdings Bhd Affin Holdings Bhd to escalating raw material costs. tweak our assumptions for high-
(March 1, RM2.55) We think earnings risks remain er external FFB, resulting in 8%
Maintain buy with an unchanged FYE DEC (RM MIL) 2015 2016 2017F 2018F elevated if MSM’s performance higher FY17 to 18 CPO volumes.
target price of RM2.85: The group’s Net interest income 948 971 1,051 1,143 does not rebound sharply, while However, we retain our projections
financial year 2016 (FY16) net prof- Islamic banking income 239 273 299 302 also remaining conservative about for flat (+0.5%) internal FFB growth
it was above our and consensus its volume rebound given the sec- as we expect lingering weather
Other income 616 693 703 723
expectations coming in at 112.0% ondary effects of the earlier El Nino impact to slow further recovery.
and 114.3% respectively of full- Net/total income 1,803 1,936 2,054 2,168 climate phenomenon. Our forecasts are adjusted by +3%
year estimates. The variance was Pre-tax profit 519 738 794 849 FGV’s internal fresh fruit bunch for FY17 to FY18, and our TP re-
due to the group registering lower Net profit 369 564 585 626 (FFB) volume fell 16% in FY16 due mains at RM1.65. We maintain
net impairment losses and high- EPS (sen) 19 29 30 32 to the El Nino impact in 2015, con- “fully valued”, as we think earnings
er-than-expected results from its EPS growth (%) -0.46 52.6 3.8 6.9 tributing to a 14% decline in CPO risks from its sugar arm and core
associate. PER (x) 13.1 8.6 8.3 7.7 volumes. The group is targeting plantation businesses remain ele-
The group posted FY16 net prof- an FFB output rebound of up to vated, despite higher CPO prices.
Net dividend (sen) 8 11 12 13
it growth of +52.7% year-on-year 15%, though we remain cautious — AllianceDBS Research, March 1
(y-o-y) largely due to higher in- Net dividend yield (%) 3.2 4.4 4.8 5.2
come and lower provisions. Total Book value per share (sen) 4.26 4.47 4.70 4.90
net impairment for loans and other PBV (x) 0.6 0.6 0.5 0.5 Felda Global Ventures Holdings Bhd
assets fell -73.7% y-o-y to RM43.4 ROE (%) 4.6 5.9 5.8 6.8
million due to higher write-backs Sources: Company, MIDFR FYE DEC (RM MIL) 2016F 2017F 2018F 2019F
(more than 100%) and lower indi- Revenue 17,283 17,282 17,910 18,678
vidual allowance. Ebitda 947 1,213 1,321 1,436
Income for FY16 grew +7.4% Gross loan growth came in at to RM9.65 billion. This was due to Pre-tax profit 263 413 490 659
y-o-y to RM1.94 billion from higher +0.6% y-o-y to RM44.2 billion as +4.7% y-o-y growth to RM2 billion
Net profit 29.6 220 297 400
non-interest income and Islamic at 4QFY16. Comparatively as at in savings account. Gross impaired
banking income where it registered 3QFY16 and 2QFY16, it expand- loan ratio improved further by -23 Net profit (pre ex) (157) 220 297 400
a +12.5% y-o-y and +14.2% y-o-y ed +1.8% y-o-y and +2.7% y-o-y basis points y-o-y to 1.67% as total Net profit growth (pre ex) (%) (48.2) nm 35.3 34.8
growth respectively. We believe respectively. However, we believe impaired loans fell by -11.6% y-o-y EPS (sen) 0.81 6.02 8.14 11.0
that this is in line with the group’s the slower loan growth momentum to RM737.3 million. This was most- EPS pre ex (sen) (4.3) 6.02 8.14 11.0
strategy of income-based growth could be due to portfolio rebalanc- ly contributed by lower impaired EPS growth pre ex (%) (48) nm 35 35
such as fee income. ing whereby the group focused on loans in the real estate sector. Diluted EPS (sen) 0.81 6.02 8.14 11.0
FY16 operating expenses (opex) segments with better yields. We continue to be encouraged
Net DPS (sen) 2.00 5.00 5.74 6.78
grew +5.3% y-o-y to RM1.14 billion Growth in customer deposits by the group’s future prospects.
as most of its expenses increased. grew +1.9% y-o-y to RM51.5 billion We believe that the transformation BV per share (sen) 160 161 164 170
For example, fourth quarter of resulting in improved liquidity. The programme is having an impact, as PER (x) 231.6 31.2 23.1 17.1
FY16’s (4QFY16) promotional and group’s net loans-to-deposit ratio evident by its performance in FY16. PER pre ex (x) nm 31.2 23.1 17.1
marketing expenses went up by came in at 84.9% versus 86.5% as As previously stated, we like the P/CF (x) 6.0 7.7 9.4 8.9
+57.7% y-o-y to RM46.7 million. at 3QFY16 and 85.7% as at 4QFY15. fact that the group is focusing on EV/Ebitda (x) 13.4 10.6 10.0 9.3
We believe that opex is expect- We were especially pleased that the mortgage for the affordable housing Net dividend yield (%) 1.1 2.7 3.1 3.6
ed to grow due to the investment more expensive fixed deposits fell segment given the high demand for
P/BV (x) 1.2 1.2 1.1 1.1
necessary to carry out the group’s -5.6% y-o-y to RM30 billion cur- this property segment. We believe
transformation. However, cost-to- rent account and savings account that the group is building its niche Net debt/equity (x) 0.6 0.6 0.6 0.6
income ratio improved by -1.2 per- decline moderated from -8.1% and this will ensure profitability. — ROAE (%) 0.5 3.7 5.0 6.6
centage points y-o-y to 59%. y-o-y as at 3QFY16 to -0.4% y-o-y MIDF Research, March 1 Sources: Company, AllianceDBS, Bloomberg Finance LP

Risk lingers amid hope for Bumi Armada’s 2H17

Bumi Armada Bhd client, which needs the FPSO, has Bumi Armada Bhd lower vessel utilisation rates and
(March 1, 73 sen) the right to terminate the charter. lower seasonal offshore construc-
Maintain hold with a higher fair Although being discussed current- FYE DEC (RM MIL) 2016 2017F 2018F 2019F tion activities from the Lukoil pro-
value of 79 sen: Our financial year ly, we highlight that there may be Revenue 1,416.6 2,167.8 2,309.9 2,289.6 ject in the Caspian Sea and Armada
2017 (FY17) to FY18F (forecast) additional charges or penalties im- Core net profit 222.4 277.4 341.5 364.0
Installer.
earnings have been cut by 18% on posed by the client for a backstop Currently, among the eight FPSOs
FD core EPS (sen) 3.8 4.7 5.8 6.2
slower recognition and margins from date extension. and one floating storage unit, only
the group’s new floating production, The group’s FY16 core loss of FD core EPS growth (%) (72.0) 24.7 23.1 6.6 the Vietnam-based Armada TGT 1
storage and offloading (FPSO) pro- RM144 million (excluding asset Consensus net profit 306.1 445.5 na and India-based joint ventures are
jects. Armada Olombendo, which impairments of RM1.7 billion of DPS (sen) (6.4) 0.9 1.2 1.2 registering profits at this juncture.
achieved first oil on Feb 8 this year, which RM1 billion stemmed from PER (x) 19.1 15.3 12.5 11.7 Recall that the group lost bareboat
will gradually recognise profit until the FPSO segment and RM733 mil- EV/Ebitda (x) 16.6 9.7 9.2 9.0 charter contributions from the two
client Eni Angola SpA’s full accept- lion from offshore marine services), Dividend yield (%) (8.9) 1.3 1.6 1.7
Nigeria-based FPSOs, Armada Per-
ance of the vessel, which could take was much worse than our earlier net kasa and Armada Perdana, in the
ROE (%) (23.5) 4.8 5.6 5.6
up to three months. profit forecast of RM60 million and previous quarter.
Likewise, the recognition for Ar- the street’s RM107 million. Net gearing (%) 177.0 149.4 142.0 135.0 Any improvement in offshore
mada Kraken could also be delayed In 4QFY16, 62% of the RM1.1 bil- Sources: AmInvestment Bank, company report support vehicles’ utilisation, cur-
by up to six months of testing prior lion asset impairments were derived rently at below break-even levels
to client EnQuest plc’s acceptance. from 35 offshore vessels with the of 48%, will be gradual against the
This could be complicated by first balance from Nigeria-based Arma- net loss of RM150 million in 4QFY16 of Armadas Olombendo, Kraken and backdrop of the prevailing oil price.
oil only occurring by the second da Perdana and two tankers which versus a loss of RM13 million in LNG Mediterrana, together with Hence, we expect the group will
quarter of FY16 (2QFY16), which were earmarked for FPSO conver- 3QFY16 largely due to a 46% quar- Karapan Armada Sterling III, have continue to record losses for the
may happen beyond the “backstop sion tenders. ter-on-quarter revenue drop as the reached their tail end. This was ex- next two quarters. — AmInvestment
date” of April 1, 2017, whereby the Bumi Armada registered a core progress billings for the conversion acerbated by monsoon-influenced Bank, March 1
12 B R O K E R S’ C A L L T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY

Nestle supported by Wah Seong’s exit from

plantation a positive move
strong brand name in Wah Seong Corp Bhd
(March 1, 86.5 sen)
(4QFY16), whereby certain finan-
cial covenants were breached.
Maintain outperform with a tar- Under discussion with the banks

short to medium term

get price (TP) of RM1: Wah Seong to comply with these financial
Corp Bhd’s results for the full fi- covenants, the group will likely
nancial year 2016 (FY16) were reclassify these back as non-cur-
dragged down primarily by weak rent liabilities.
oil and gas sentiment, which con- Financing for the Nord Stream
tinued to affect the deferment of 2 (NS2) project has been finalised,
capital expenditure activities by with the first plant in Finland to be
oil majors. The soft energy market in pre-commissioning and in com-
Nestle (M) Bhd Nestle (M) Bhd in Malaysia also reduced revenue mercial production within the next
(March 1, RM76.02) in the renewable energy segment 15 days. For Germany, the acquisi-
Maintain market perform with FYE DEC (RM MIL) 2015A 2016A 2017E as well as lowered margins reg- tion of an existing plant, which was
a target price of RM82.10: Nes- Turnover 4,838.0 5,063.5 5,427.3 istered for process equipment previously used for NS1, is expected
tle (M) Bhd’s net profit for finan- Ebit 760.2 798.8 904.4 and boilers. in 3QFY17 and is targeted to begin
cial year 2016 (FY16) of RM637.1 We are positive about Wah commercial production by August.
PBT 727.7 766.5 877.7
million was below expectations, Seong’s strategy to impair and exit Wah Seong’s performance will
making up 92% and 93% of our Net profit (NP) 590.7 637.1 710.9 the plantation business, which has be boosted in the second half of
and consensus estimates respec- Core NP 590.7 637.1 710.9 only been contributing losses to the FY17, with the full production of
tively. The negative deviation was Consensus (NP) - - 721.5 group since entering the industry NS2 in 4QFY17, and full contribu-
the result of overly optimistic sales Core EPS (sen) 251.9 271.7 303.2 in 2012, thus creating an overhang tion in FY18.
growth projections coupled with Core EPS growth (%) 7.3 7.9 11.6 on its share price performance. The group made a RM67.5 mil-
higher-than-expected operating NDPS (sen) 305.0 270.0 285.0 We retain our “outperform” view lion impairment on its investment
expenses, likely driven by aggres- on Wah Seong underpinned by its in Atama Plantation SARL with
BVPS (RM) 3.0 2.8 2.9
sive marketing activities. A final current strong order book of RM3.5 plantation assets in Congo. Due
dividend of 130 sen was declared Core PER 30.2 28.0 25.1 billion, with a TP of RM1 pegged to its preliminary planting stages,
for a full-year payout of 270 sen, P/BV (x) 25.2 27.6 26.0 to eight times price-earnings ratio the division had been recording
which was in line with our full- Net gearing (x) 0.5 0.4 0.5 and FY17F (forecast) earnings per losses and thus dampened the
year estimate of 275.4 sen. Net dividend yield (%) 4.0 3.6 3.7 share of 12.5 sen. group’s performance further. We
Year-on-year (y-o-y), Nestle’s Source: Kenanga Research Higher net debt of RM916.2 understand that US$6.6 million
FY16 revenue of RM5.1 billion million is attributed to borrow- (RM29.3 million) balance of the
grew by 5% from better perfor- ings of RM391.1 million classified asset is estimated for the dispos-
mance in both domestic and ex- of lower effective taxes this year may begin to see growing pres- in the non-current loans portion. al of the division anticipated in
port markets on the back of re- (FY16: 16.9%, FY15: 18.8%). sure from normalising commodity This is due to impairment loss- FY17. — PublicInvest Research,
ceptive product developments Quarter-on-quarter (q-o-q), prices, we believe any net impact es in the fourth quarter of FY16 March 1
and effective marketing initia- Nestle’s top line for the fourth quar- to the group’s earnings may be
tives. Gross profit registered at ter of FY16 (4QFY16) of RM1.2 bil- mitigated by its more efficient pro-
RM2 billion (+7% y-o-y) with the lion registered flattish decline (-1% duction methods and improved Wah Seong Corp Bhd
support of favourable commodity q-o-q) likely due to seasonality fac- supply chain. Following this, we
prices as well as better operating tors. However, gross profit dipped are cautiously optimistic about FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F CAGR (%)
and production efficiencies, ex- by 7% to RM457.6 million with the the group’s recent intensive mar- Revenue 1,839.5 1,276.6 1,981.3 2,162.6 1,800.7 -0.5
panding gross margins to 39.4% normalisation of commodity pric- keting efforts that may not be as Gross profit 41.8 -142.4 155.4 169.2 141.6 35.7
(+0.8% y-o-y). Group profit before es likely to bump production costs. fruitful as intended, given the per- PBT 35.7 -218.3 143.8 151.4 105.3 31.1
tax (PBT) of RM766.5 million saw PBT declined further by 56% as sistent softness in the consumer Patami 52.1 -29.6 96.8 102.0 70.9 8.0
slimmer growth at 5% as the group heavier marketing expenses were segment. Nonetheless, we feel
EPS (sen) 6.7 -3.8 12.5 13.2 9.2 8.0
continued to pump additional re- incurred in anticipation of Chinese that any decline may be unlikely
sources to strengthen its market New Year festivities in 1QFY17. in the short to medium term giv- PER (x) 13.5 -23.9 7.3 6.9 9.9
share. With the above, net earn- 4QFY16 net profit registered at en the strong brand name estab- DPS (sen) 2.0 1.0 2.0 2.0 2.0
ings registered at RM637.1 million RM66.9 million (-58%). lished by the group. — Kenanga Dividend yield (%) 2.2 1.1 2.2 2.2 2.2
(+8% y-o-y) with the assistance Going forward, while the group Research, March 1 Sources: Company, PublicInvest Research estimates

Bumpy road ahead for Tan Chong Motor

Tan Chong Motor Holdings Bhd Tan Chong Motor Holdings Bhd
(March 1, RM1.70)
Maintain hold with a target FYE DEC (RM MIL) 2013 2014 2015 2016 2017F 2018F
price of RM1.76: Tan Chong Mo- Revenue 5,198.50 4,760.63 5,716.65 5,510.74 5,632.64 5,859.63
tor Holdings Bhd’s returned to
Operating profit 387.80 209.66 169.01 18.70 39.43 58.60
the black in the fourth quarter
of financial year 2016 (4QFY16), Net profit 250.95 105.85 74.86 -54.94 19.71 29.30
registering a net profit of RM1.35 Operating
million against a net loss of RM4.5 margin (%) 7.46 4.40 2.96 0.34 0.70 1.00
million in 3QFY16, but it was still Net profit
down from net earnings of RM5.2 margin (%) 4.83 2.22 1.31 -1.00 0.35 0.50
million a year ago. Meanwhile, EPS (sen) 0.37 0.16 0.11 -0.08 0.03 0.04
top line dropped by 9% quar- P/BV (x) 0.41 0.40 0.40 0.39 0.38 0.36
ter-on-quarter and 15.7% year- EV/Ebitda (x) -1.80 -2.66 -4.46 -13.45 -25.46 -21.69
on-year (y-o-y). Dividend yield (%) 6.49 3.24 2.70 0.60 1.08 1.08
For the full FY16, the group re-
Net gearing (%) 36.50 34.23 47.28 55.22 104.10 129.33
ported a net loss of RM54.9 mil- Tan Chong Motor will continue to face high import cost pursuant to the weak ringgit,
lion compared to a net profit of ROE (%) 9.29 3.83 2.68 -1.92 0.67 0.96
hence putting pressure on its profit margin.
RM74.9 million in FY15. The dis- Sources: Company, JF Apex

appointing results were due to

unfavourable exchange rates cou-
pled with higher marketing and
promotional costs. The group’s
RM54.9 million in FY16 net loss
met our expectation of net loss of
RM58.1 million and performed
better than market expectation of
net loss of RM62.5 million.
Looking forward, there will
be a constant pressure on the
group as it will continue to expe-
rience intense competition from
other carmakers on the back of
no new models from Nissan (ex-
pected until 2018). The group
will continue to face high import
cost pursuant to the weak ring-
git, hence putting pressure on its
profit margin.
We remain cautious about the
group’s earnings in the short run
mainly due to current headwinds
in relation to: i) unfavourable
foreign exchange rates as it has
around 85% exposure to imports
denominated in US dollar with
the rest in Japanese yen; ii) strin-
gent loan approval; iii) absence
of new car model; and iv) prevail-
ing weak consumer sentiment on
big-ticket items amid rising cost
of living.
Moving forward, the group
hopes that the Indochina market
will render a kicker to its future
earnings growth. The assembly
plant in Myanmar is expected to
contribute earnings to the group
starting FY17 onwards, albeit at
a smaller extent. — JF Apex Se-
curities, March 1
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Two foreign women charged
with Jong-nam’s murder
Court sets April 13 for mention
SEPANG: Two foreign women were
charged in the Magistrate’s Court
here yesterday with the murder of
Kim Jong-nam, estranged elder
half-brother of North Korean lead-
er Kim Jong-un, at klia2 on Feb 13.
Siti Aisyah, 25, an Indonesian
national, and Doan Thi Huong, 28,
a Vietnamese citizen, were charged
with four other people still at large
with the murder of Jong-nam, 45,
at the klia2 departure hall at about
9am on that day.
Authorities have established that
Jong-nam was the bearer of the
passport with the name Kim Chol.
Siti Aisyah, clad in a red dress,
and Dong, in yellow attire, were
brought to the Sepang court com-
plex at 9.34am tightly guarded by
policemen and Special Action Unit
personnel.
The two women looked calm
and reserved as they were brought
handcuffed into the courtroom
separately at about 10am via a stair-
case from below the courtroom and
straight into the dock.
After their names were called
out, the women stood up in the
dock as silence fell over those pres-
ent in the courtroom, among them
North Korea denies link ‘Ministry to take next step if Jong-nam’s body is unclaimed’
to ‘events in Malaysia’
GENEVA: North Korea has reject-
ed allegations by South Korea that
it was connected with “the events
in Malaysia”, China’s Xinhua news
agency reported.
During the High Level Segment
of the Disarmament conference in
Geneva, a North Korean represent-
ative said that North Korea totally
rejected the remarks of South Ko-
rea Foreign Minister Yun Byung-se,
which suggested that Pyongyang
used chemical weapons to assas-
sinate the half-brother of its top
leader, Xinhua reported.
The North Korean diplomat de-
nounced the remarks as “part of
a sinister defamation campaign”,
Xinhua said.
“We categorically reject the as-
sumptions and speculations on
the incident in Malaysia,” the news
agency quoted him as saying.
Yun said earlier during the meet-
ing that the assassination of the
brother of the current North Ko-
rean leader in Malaysia with the
internationally banned VX nerve
agent was a major cause of concern.
“VX is a chemical weapon clas-
sified as a weapon of mass destruc-
tion by the UN, and strictly banned
by international norms and res-
olutions,” said the South Korean
top diplomat, adding that the “re-
30 local and foreign reporters and
representatives of the Indonesian
and Vietnamese embassies.
Siti Aisyah and Dong, the first
and second accused respectively
were charged under Section 302
of the Penal Code that provides
for the mandatory death sentence
upon conviction.
The charge was read out to the
women separately and no plea was
recorded as the offence comes un-
der the jurisdiction of the High
Court.
Earlier, Selangor prosecution
unit director Muhamad Iskandar
Ahmad applied for the charge to
be read out and explained to the
two accused.
After the charge was read out in
Indonesian by an interpreter, Siti
Aisyah nodded that she understood
what was said. She also confirmed
that her name was as stated in the
charge sheet.
Muhamad Iskandar applied
for the prosecution to be given six
weeks to obtain related documents
before the case gets transmitted to
the Shah Alam High Court.
Five lawyers led by Gooi Soon
Seng appeared for Siti Aisyah, while
cent assassination” showed that its
northern neighbour was ready and
willing to strike anyone, anytime
and anywhere.
Once the Malaysian government
released its final investigation re-
sults, the case should be taken up
as a high priority by the UN Security
Council and the Chemical Weap-
ons Convention, and the country’s
membership at the UN could be
suspended, Yun said.
In response, the North Korean
representative said that the South
Korean minister ought to be careful
about when and where to raise the
issue of membership of countries
in various UN bodies.
“They should bear in mind that
their ridiculous efforts of blaming
other member states would end
up in failure,” the diplomat added.
Malaysian police have claimed
that the chemical substance had
been identified on the body of a
North Korean man who died on
his way from a Malaysian airport
to hospital on Feb 13.
Malaysian officials have said em-
bassy documents showed the man
was Kim Jong-nam, the half-broth-
er of North Korean top leader Kim
Jong-un. The North Korean ambas-
sador to Malaysia has rejected such
allegations. — Bernama
Doan (in yellow) being escorted out of the Sepang court complex yesterday after being
charged with Siti Aisyah, 25, with the murder of Jong-nam, the estranged elder half-
brother of North Korean leader Jong-un. Photo by Bernama
Dong was represented by counsel
S Selvam.
Gooi applied for a gag order to
restrain the police and any poten-
tial witnessess from making press
statements which he said could
incriminate his client or compro-
mise her right to a fair trial.
PUTRAJAYA: The health ministry will
decide on the next course of action
if the next of kin of murdered North
Korean Kim Jong-nam do not claim
the body after “a certain period of
time”, said Health Minister Datuk
Seri Dr S Subramaniam.
Although there was no deadline
to claim the body, the government
hoped that Jong-nam’s relatives
would come forward and provide
DNA samples to conclude the fo-
rensic procedure, he said.
“So far, no family member has
come forward to identify or claim
the body. We need a DNA sample
of a family member to match the
profile of the dead person.
“Malaysian law says the body can
Next of kin of MH370 passengers allowed to appeal
PUTRAJAYA: A ray of hope has
emerged for the next of kin of three
passengers of the missing Malay-
sia Airlines flight MH370 who are
seeking to retain Malaysia Airlines
Bhd as a defendant in their lawsuit.
This follows a decision by a Fed-
eral Court three-man panel chaired
by Chief Judge of Sabah and Sar-
awak Tan Sri Richard Malanjum
to allow them to appeal against
the High Court ruling, removing
Malaysia Airlines as a defendant.
Justice Malanjum, who presid-
ed with Federal Court judges Tan
Sri Abu Samah Nordin and Datuk
Muhamad Iskandar said he
would leave it to the court to de-
cide on the matter.
Sessions Court Judge Harith
Sham Mohamed Yasin, who sat as a
magistrate, allowed the application.
It is the practice for a murder
case to be mentioned first in a
only be claimed after the DNA pro-
cess since the North Korean has two
names — Kim Chol and Kim Jong-
nam. We want to draw a conclusion,
and that’s why we need DNA sam-
ples to confirm his identity,” he said
at the weekly press conference here
yesterday.
Asked how long Jong-nam’s body
would be kept, Subramaniam said
the high-profile case had many im-
plications and the ministry would
find the right decision in line with
the country’s laws. He said unclaimed
bodies of Malaysians could be kept
for up to three to four months, and
would be handed over to volunteer
bodies for the final rites with police
permission after placing an adver-
Aziah Ali, granted leave to the chil-
dren and parents of engineers Tan
Ah Meng, 46, and wife, Chuang
Hsiu Ling alias Cindy Chuang, 45,
to appeal against that ruling.
The couple and their eldest son,
Tan Wei Chew, 16, were among
239 passengers and crew on board
MH370, which disappeared during
a flight from Kuala Lumpur to Bei-
jing on March 8, 2014.
Justice Malanjum allowed the
leave-to-appeal application on a
single legal question to be consid-
ered by the Federal Court.
The question is whether the
H O M E 13
Magistrate’s Court, with no plea
recorded from the accused. A plea
will be recorded when the case is
mentioned in the High Court.
After the charge was read out
to her, Dong said: “I understand,
but no killing.”
However, the court asked Dong
to state whether she understood the
charge or not and not to provide
any explanation.
Muhamad Iskandar applied for
the two cases to be mentioned on
the same date and for them to be
heard together in the High Court.
The court set April 13 for men-
tion.
The prosecution team also com-
prised deputy public prosecutors
Mohamad Mustaffa P Kunyalam
and Mohd Fairuz Johari. Siti Ai-
syah’s team of lawyers also com-
prised S Selvi, Azura Alias, Loke
Kok Mun and Wong Kah Hung.
The court proceedings began at
10am and ended 30 minutes later.
Siti Aisyah and Dong were seen
wearing bulletproof vests as they
left the courtroom, heavily guarded
by armed police personnel from the
Special Task Force on Organised
Crime. — Bernama
tisement in the local papers.
“However, this case involves a for-
eign national and it needs the views
of the parties concerned.
“In this very unusual case, the
government will make a decision af-
ter the body is not claimed for a long
period, taking into consideration the
international system and bilateral ties
between the governments,” he said.
Asked if he had met with a
high-level North Korean official,
who had come to Malaysia, he said
he did not meet the official.
To a question, Subramaniam said
there was no sign of the VX nerve
agent poisoning on the two women
suspects caught after the murder. —
Bernama
non-vesting of the contingent lia-
bility of the defendant, Malaysian
Airline System Bhd, to Malaysia
Airlines under the Malaysia Air-
lines System Bhd 2015 Act to satis-
fy any judgement entered against
Malaysian Airline System after
all its assets are vested in Malay-
sia Airlines would constitute “as-
set-stripping” of Malaysian Air-
line System, and carried out in
order to defeat the satisfaction of
such judgement against Malaysian
Airline System; in consequence,
whether it is an unlawful exercise
of discretion under the Act.
14 H O M E
Two ex-senior Felda officers
charged with CBT, abetment
Accusations involve about RM48m of unauthorised payments
KUALA LUMPUR: Two former
senior Federal Land Development
Authority (Felda) officers were
charged in the Sessions Court here
yesterday with criminal breach of
trust (CBT) and abetment involving
about RM48 million three years ago.
Former Felda deputy direc-
tor-general (strategic resource man-
agement) Muhammad Sufi Mah-
bub, 53, faces two counts of CBT
while former Felda director-general
Datuk Faizoull Ahmad, 57, faces
two counts of abetting him.
Public urged
to inform
authorities
of human
trafficking cases
IPOH: The Perak police have
urged members of the public
with information on human
trafficking syndicates — espe-
cially those involving children
— to inform the authorities
immediately.
Perak CID chief Datuk Gan
Tian Kee advised the public
to take pictures if they see
children begging or selling
goods and submit them to
the police.
“One way to stop this is by
refraining to give money, as the
more people give, more chil-
dren will be victimised.
“Take a picture and submit
it to the police so that we can
take action,” he told report-
ers after attending the Perak
police contingency’s monthly
assembly at its headquarters
here yesterday.
Asked about the investiga-
tions into a human trafficking
case in Gerik, Gan said the
police had recorded state-
ments from several individ-
uals including farm owners,
doctors and employees of the
Social Welfare Department.
“So far, only two people have
been arrested and we (police)
believe the case will be investi-
gated in full by this weekend,”
he said.
According to him, this is the
first case of forced child labour
in Perak this year.
“Last year, there were two
cases of human trafficking
involving children who were
forced to become beggars,” he
said.
On Sunday, Perak police res-
cued 18 locals believed to be
victims of a human trafficking
syndicate in Pengkalan Hulu
near Gerik. — Bernama
Both Muhammad Sufi and
Faizoull pleaded not guilty to all
the charges read before Judge Al-
laudeen Ismail.
Muhammad Sufi was charged
with dishonestly giving approval
for payment of RM25,999,000 and
RM21,625,500 without the approval
of the Felda board of directors or
the Felda tender committee.
He allegedly committed the of-
fences at Wisma Felda in Jalan Peru-
mahan Gurney between Jan 13 and
Jan 23 in 2014 under Section 409 of
Court to hear Guan Eng’s bid to set
aside committal proceedings on July 14
KUALA LUMPUR: The application
filed by Lim Guan Eng to set aside
the leave obtained by the attor-
ney-general (AG) to initiate com-
mittal proceedings against him will
he heard on July 14.
High Court Judge Datuk Ha-
nipah Farikullah set the date in
chambers in the presence of sen-
ior federal counsel Shamsul Bol-
hassan representing the AG, Tan
Sri Mohamed Apandi Ali, and
lawyer Gobind Singh Deo rep-
resenting Guan Eng.
Speaking to reporters, Gobind
New Zealand requests training in antiterrorism
PUTRAJAYA: New Zealand has re-
quested Malaysia to conduct train-
ing in the field of antiterrorism and
deradicalisation.
New Zealand’s Attorney-Gen-
eral Christopher Finlayson, who
is also the minister responsible for
New Zealand’s security intelligence
agencies, conveyed the request to
Deputy Prime Minister Datuk Seri
Dr Ahmad Zahid Hamidi when he
called on the latter here yesterday.
According to Ahmad Zahid, who
is also the home minister, Finlay-
son was impressed by Malaysia’s
approach in antiterrorism and de-
radicalisation.
During their one-hour meeting,
Finlayson also requested Malaysia’s
expertise to counter cybercrime,
he said.
Ahmad Zahid said since the es-
tablishment of diplomatic relations
on Sept 25, 1957, Malaysia and New
Zealand had enjoyed close coop-
eration in areas such as trade and
investment, education, defence,
and people-to-people ties.
“Malaysia is confident that re-
lations between both countries
could be further enhanced in key
areas including trade and invest-
the Penal Code, which provides for a
jail term of up to 20 years, with whip-
ping and a fine, upon conviction.
Faizoull was charged with two
counts of abetting Muhammad
Sufi under Section 109 of the Pe-
nal Code, which provides for a sim-
ilar punishment upon conviction.
Deputy public prosecutor Ah-
mad Akram Gharib said he was
against granting them bail but if it
was to be granted, it should be set
at RM1 million each.
Counsel Mohd Irwan Mohd
said the application was initially
scheduled to be heard yesterday,
but was postponed as they needed
more time to change and scruti-
nise the affidavits pertaining to
the application.
The AG as the plaintiff filed an
ex-parte originating summons re-
garding the matter on Aug 18 and
named Guan Eng as the defendant.
In it, the AG sought leave for com-
mittal proceedings to have Guan
Eng jailed for contempt of court
for allegedly issuing statements in
print and/or social media which
Ahmad Zahid (left) with Finlayson at his office at Bangunan Perdana Putra in
Putrajaya yesterday. Photo by Bernama
ment, education, defence, as well
as food and agriculture,” he said in
a statement issued in conjunction
with the meeting.
Recognising that people-to-peo-
ple contacts play a catalytic role to
further deepen bilateral ties and
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
Mubarak (for Muhammad Sufi)
and Azad Bashir (for Faizoull) ap-
pealed for bail saying that they
were the main breadwinners in
their families.
The judge allowed both the ac-
cused bail of RM1 million with one
surety each and fixed April 27 for
mention of the case.
“Both the accused are allowed to
pay a deposit of RM500,000 today
(yesterday) while the remaining
RM500,000 has to be made on or be-
fore March 22,” he said. — Bernama
were detrimental to the administra-
tion of justice, led to erosion of the
people’s confidence in the judicial
system, and questioned the dignity
and integrity of the courts.
The AG was also seeking costs
and other relief deemed fit by the
court.
He said the action was taken to
ensure the sanctity and integrity of
the judiciary, and the justice system
in the country were always protect-
ed and not criticised, shamed and
insulted according to one’s whims
and fancies. — Bernama
cooperation, Ahmad Zahid said
Malaysia looks forward to more
visits at all levels.
He said Malaysia and New Zea-
land would celebrate the 60th anni-
versary of the establishment of diplo-
matic relations this year. — Bernama
Malaysian
group to testify
in tribunal on
Myanmar in
London
KUALA LUMPUR: Malaysia’s
Centre for Human Rights Re-
search and Advocacy (Cen-
thra) will appear before the
Permanent People’s Tribu-
nal’s (PPT) inaugural tribu-
nal on Myanmar in London to
address atrocities against the
Kachin and Rohingya com-
munities.
Centhra chief executive Az-
ril Mohammad Amin said that
he was among seven lawyers
from the advocacy group who
would appear as expert wit-
nesses at the two-day hearing
beginning March 6, to pres-
ent the testimonies of 35 Ro-
hingya, who had been inter-
viewed in Malaysia since five
weeks ago.
“Even if PPT is a public
opinion tribunal and [its de-
cision] not legally binding, it
(tribunal) is important and has
an impact on the larger effort
to bring Myanmar to justice,
such as to the International
Criminal Court,” he said.
The Rome-based PPT’s tri-
bunal on Myanmar has been
set up in response to requests
by Myanmar’s Rohingya and
Kachin victims who have been
subjected to crimes against
humanity, war crimes and
genocide at the hands of My-
anmar government troops.
Established in 1979, the
PPT is an internationally rec-
ognised public opinion tribu-
nal functioning independently
of state authorities and has
held 43 sessions so far.
After the hearing in Lon-
don, subsequent tribunal
hearings on Myanmar are en-
visaged in the US and Malaysia
before the jury reaches a ver-
dict later this year, according
to a Centhra statement.
Besides the team from Cen-
thra, other experts who will
appear before the PPT include
Dr Mandy Sadan, author of
Being and Becoming Kachin:
Histories Beyond the State in
the Borderworlds of Burma,
and Professor Penny Green of
the International State Crime
Initiative.
Azril said the PPT would
serve as a form of pressure
on Myanmar and shield the
Rohingya from further mis-
treatment as the international
community awaited March 13
when UN’s Special Rapporteur
Yanghee Lee would present
the full report on her investi-
gations to the Human Rights
Council.
After concluding a four-day
visit to members of the Ro-
hingya community in parts
of Bangladesh who fled the
violence in Myanmar, Lee on
Monday called for urgent ac-
tion by the Myanmar govern-
ment to end the sufferings of
the Rohingya population in
the country, a UN statement
said. — Bernama
16 FO CU S
DBS, OCBC and UOB have large pools of current account and savings account deposits, which provide relatively low-cost and stable sources of funding for loans. Photo by Reuters
DBS, OCBC, UOB see little
margin boost from Fed hike
That is partly because of tepid demand for credit, reflection of shifts in foreign-exchange markets
BY G O O LA WA RD EN
T
he end of the US Federal Re-
serve’s ultra-loose monetary
policy was supposed to lift lo-
cal interest rates and boost net
interest margins (NIMs) at DBS
Group Holdings, Oversea-Chi-
nese Banking Corp and United Overseas
Bank. But the benchmark Singapore Inter-
bank Offered Rate (Sibor) and the Swap Offer
Rate (SOR) have not risen as much as market
watchers expected. That is partly because of
tepid demand for credit, and partly a reflec-
tion of shifts in foreign-exchange markets.
Still, top officials at DBS, OCBC and UOB
are expecting improved profitability in the
quarters ahead on higher loan growth and
stabilising credit costs.
DBS, OCBC and UOB have large pools
of current account and savings account de-
posits, which provide relatively low-cost and
stable sources of funding for loans. Howev-
er, when interest rates are low, as they have
been since the global financial crisis, the
banks cannot fully flex this funding advan-
tage. Hence, higher interest rates are widely
seen as positive for the banks.
Last December, the US federal funds rate
was raised to 0.75% from 0.5%. The Federal
Reserve has indicated that it may raise rates
by as many as three times this year. The three-
month US dollar London Interbank Offered
Rate (Libor) has climbed to 1.05%, up from
0.62% in June, almost in lock-step with the
US fed funds rate. The Sibor and SOR have
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
current US administration introduces new
Banks’ NIMs, Sibor and SOR economic policies and makes changes to
old trade deals. Singapore’s largest trading
% DBS--NIM OCBC--NIM UOB--NIM 3M SIBOR 3M SOR
partners are Malaysia, China and Asean.
2.0
1.8
1.6 Tepid demand for credit
1.4 In the meantime, with slower economic
1.2
1.0 growth in Singapore, officials at the three
0.8 local banks say that demand for loans has
0.6
0.4
also waned. The Singapore economy grew
0.2 2% in 2016. On Feb 17, the Ministry of Trade
0.0 and Industry forecast growth of 1% to 3% for
4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q this year. Based on the latest data, M3, the
2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016
broad measure of money supply, has ris-
en by 8.1% for the year to December. Total
deposits are up 6.5%, while total loans in
not moved up as decisively, though. In fact, Singapore does not reveal the weightings Singapore are only 2.9% higher.
the three-month Sibor and three-month of the various currencies in the basket, or As a result, the local banks have report-
SOR, at 0.94288% and 0.86554% respectively, how they have changed over time. But these ed declines in their full-year and 4Q2016
are actually slightly lower than where they changes could also affect the trajectory of NIMs compared with year-ago figures. DBS
were in June. local interest rates versus the Libor. announced that its 4Q NIM fell by six basis
This is not the first time the Sibor and US “When we re-estimated the weights in our points to 1.71% q-o-q and 13bps y-o-y, off-
dollar Libor have diverged. Back in 2015, the UOB SGD nominal effective exchange rate setting the impact of higher asset volumes.
SOR shot up versus the Libor amid a sell- back in June 2016, we saw that CNY weights Net interest income for Singapore’s biggest
down in commodities and a depreciation in increased by a lot more,” Tan says, referring bank was unchanged q-o-q but fell 2% y-o-y
the renminbi. Francis Tan, an economist at to the renminbi. “This does not imply that to S$1.82 billion in 4Q2016. For the full year,
UOB, explains that the higher SOR reflected more CNY is being used by trading part- net interest income was up 3%, to S$7.3 bil-
the heightened risk premium in the market. ners and less US dollar is used. It just says lion, with NIM up 3bps to 1.8%. Last year,
Then, last year, the SOR actually sank ver- that the day-to-day movements of the SGD DBS reported NIM of 1.84% for 1Q, 1.87%
sus the Libor. This came in the wake of US NEER are a lot more correlated with move- for 2Q, 1.77% for 3Q and 1.71% for 4Q.
money market reforms that caused a shift ments in the SGD/CNY now. Foreign-ex- OCBC’s net interest income for 4Q2016
in demand for US money market assets. change movements are not just determined fell 7% y-o-y but was up 1% q-o-q to $1.25
Singapore does not set its own interest by physical demand due to goods trade, but billion. NIM was down 11bps y-o-y, but up
rates but uses its exchange rate versus a also financial trading.” 1bp q-o-q to 1.63%. UOB’s net interest in-
basket of currencies as a key lever to keep There could yet be more fluctuations in come for 4Q2016 was flat y-o-y, and up 3.7%
prices stable. The Monetary Authority of local interest rates versus the Libor as the CON T I N U ES ON N EX T PAGE
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
The Fed whisperer
BY L I S A A B RA MOWI C Z
THERE’S nothing quite like a juicy
bond-market conspiracy theory.
The latest one making the rounds, cour-
tesy of conspiratorially minded traders, is
that a small clutch of investors is trying to
signal to the US Federal Reserve (Fed) that
it’s just fine to raise benchmark US interest
rates at its March meeting.
This hypothesis was ginned up to explain
some sudden hard-to-understand activity
in interest-rate derivatives on Monday that
stemmed from little news. In the span of
a few hours, futures traders substantially
boosted the market-implied probability of
a March rate hike, from a 40% likelihood to
50%. As Edward Bolingbroke of Bloomberg
News pointed out, trading in the contracts
was chunky and elevated.
Some attributed the move to remarks
by Dallas Fed president Robert Kaplan,
who reiterated his view that policymak-
ers should raise rates “sooner rather than
later,” but that explanation struck many as
relatively weak.
Enter the conspiracy theory. There’s a
growing feeling that the Fed will only raise
rates if debt traders are fully pricing it in.
Just in case there was any doubt, Cleve-
land Fed president Loretta Mester said on
Bloomberg Television last week, “We cer-
tainly never want to surprise the markets.”
As Bianco Research’s Jim Bianco said in
a recent Bloomberg News article, “The mar-
ket recognises it has a veto over the Fed.”
Three local banks see worst could be over for O&M sector
FROM PR EV I O U S PAG E
q-o-q to S$1.27 billion despite loan growth of
8.8% y-o-y and 4% q-o-q. This was because
NIM was flat at 1.69% q-o-q, and down 10bps
y-o-y. For the full year, net interest income
rose 1.3% to S$4.99 billion owing to better
loan growth and despite NIM falling by 6bps.
Looking for loan growth
Officials at the three local banks say there
is opportunity now to lend to better-rated
borrowers. “We grew loans by S$8 billion
[q-o-q] in the fourth quarter. There is de-
mand in the market and we are selectively
going in to take the better credits,” says UOB
chief financial officer Lee Wai Fai. CEO Wee
Ee Cheong concurs. “The loan growth we’ve
achieved is chunky, in real estate. These [cus-
tomers] are sovereign funds from overseas
or even locally, who take advantage of the
market volatility,” he says. “The loans we
booked last year are basically of high quality
and the margin is very small, but it gives us
opportunity to grow our revenue.”
Interestingly, UOB has also been disburs-
ing loans to the oil and gas sector. “This is
mainly to the strong national oil compa-
nies,” Lee says. “There are good performing
companies out there that can survive in a
US$50 to US$60 per barrel price range.”
According to Wee, UOB’s strategy is coun-
ter-cyclical. When other banks were chasing
loans during the quantitative easing years,
analysts were confounded by UOB’s cau-
tious approach. Now, the banking group
is stepping up its customer acquisition.
“The [offshore] support industries are still
a little oversupplied. Customers do come.
If the numbers are good, the cost of the
vessels is below replacement value, the
customer profile is good, and the vessel is
good, then why not,” Wee says, adding that
he is more comfortable lending when oil
prices are at US$50 per barrel than when
they are at US$100.
History seems to support this impres-
sion. In a Feb 24 report, Citigroup analysts
highlighted that Fed fund futures traders
were pricing in more than a 50% chance of
a rate increase three weeks before the last
two moves and more than a 70% chance in
the week before.
“If the Fed wants to move in March, it
DBS Group Holdings
Vol (’000) Price (S$)
80000 25
70000
60000
18.89
50000
40000
30000
15
20000
10000
0 10
Feb 28, 2014 Feb 23, 2017
Samuel Tsien, CEO of OCBC, says his bank
is also targeting the better credits. While he
expects a mid-single-digit loan growth for
this year, he figures that OCBC’s NIM will
probably just match last year’s 1.67%. “On
the loan yield book, it will be pretty flat. I do
not foresee that we will be able to see a rise
in credit spreads because the loan demand
continues to be fairly weak, although it is
better than what we saw in the first three
quarters of last year.”
DBS CEO Piyush Gupta says his bank is
also aiming for mid-single-digit loan growth
this year and NIM that is equal to what it
achieved in 2016. “We expect NIM to get
back to the level for the whole of 2016, pred-
icated on a couple of rate hikes by the Fed,”
Gupta says. DBS achieved NIM of 1.8% for
2016, which is higher than its peers.
DBS recently sold the PWC Building and
will book a S$352 million gain, which it will
put into its general provisions. That will push
its non-performing loan coverage ratio back
above 100% in 1Q2017 compared with 97%
in 4Q2016. DBS will also be booking earnings
from the acquisition of Australia and New
Zealand Banking Group. In addition, Gup-
would have to guide the market toward a
higher probability” than is currently priced
in, the Citi analysts wrote in that report. So
if a big firm wanted the Fed to raise rates
sooner, it could hypothetically encourage
it to do so by pushing around markets. This
is especially true now, when it’s clear the
central bank is looking for opportunities to
Oversea-Chinese Banking Corp
Vol (’000) Price (S$)
80000 12
70000
60000
9.66
50000
40000
30000
8
20000
10000
0 6
Feb 28, 2014 Feb 23, 2017
ta has estimated that its specific provisions,
which totalled more than S$1.4 billion in
FY2016, are likely to halve this year.
All in, Gupta figures DBS is on track to
deliver 10% net profit growth this year. In
fact, if the Fed is more aggressive with rate
hikes, DBS could do even better. “If we get
three, maybe four rounds, there may be some
upside to these numbers,” he says.
Worst over for O&M sector?
Looking ahead, the three local banks are
indicating that the worst could be over for
the troubled offshore and marine (O&M)
sector. Defaults by O&M companies were
one of the key factors that weighed on sen-
timent towards the banks in early 2016. Last
year, UOB made specific provisions of S$991
million related to its exposure to the sector.
This was drawn from general provisions
made in previous years.
“Between 2012 and 2015, we added close
to S$1 billion in general allowances,” Lee
says. “Our provision is on a countercyclical
basis. Over the last few years, when times
were good, we built up general reserves and
when times are stressed, we start releasing
FO CU S 17
tighten monetary policies but doesn’t want
to roil the markets. A thumb on the scale
from the debt market might be all it takes.
Is there any evidence that a big player
is pulling levers behind a curtain some-
where, cackling maniacally? No, but that’s
what makes a conspiracy theory so juicy to
begin with. — Bloomberg
United Overseas Bank
Vol (’000) Price (S$)
35000 25
30000
21.85
25000
20000
20
15000
10000
5000
0 15
Feb 28, 2014 Feb 23, 2017
them. We have been able to keep credit cost
stable at 32bps.” Lee figures that there could
still be more stress in the sector, but UOB is
not likely to be adversely affected. “It’s still
volatile,” he says. “We don’t think the worst
is over, but at UOB and for the impact on us,
the worst is over.”
OCBC’s Tsien is also cautious about the
general outlook for the O&M sector. “By June
this year, the situation would be more stabi-
lised, but that does not mean recovery. Over
the next six months, there will be continued
volatility, instability and more distress,”
he says, adding that while oil prices have
steadied, there is still a major oversupply
problem in the O&M sector. “This creates
cash flow issues for our customers and for
us because the shorter charters do not have
cash flow reliability.”
For now, analysts are not positive on the
banks, partly because their stocks have rallied
strongly. Shares in DBS have risen 9% since
the start of the year, while OCBC and UOB
climbed 7.6% and 7%, respectively, during
the same period. Maybank Kim Eng has
“hold” recommendations on DBS and UOB,
and a “sell” on OCBC. — The Edge Singapore
18 C O M M E N T
Not a dollarised economy
Using the US dollar for payment of domestic transactions should be discouraged
BY LEE HENG GUIE
B
ank Negara Malaysia’s
(BNM) recent meas-
ures and guidelines —
to deepen the domestic
ringgit market, stabilise
the ringgit while ensur-
ing an orderly functioning of the
foreign exchange (forex) market to
facilitate trade, investment and fi-
nancial transactions — have drawn
mixed reactions and responses from
various quarters.
It is inevitable that there are
bound to be some teething prob-
lems including technical and oper-
ational issues during the transition
period. But, BNM’s continuous and
open-minded engagement with in-
vestors and business sectors should
ensure the smooth implementation
of the new initiatives ahead. Ulti-
mately, the measures would mean
nothing without a “buy-in” from all
stakeholders.
Some measurable improvements
have been seen in the forex market
in terms of the ringgit’s stability as
well as in the balancing of foreign
exchange transactions between ex-
ports and imports. It is the stability
of the ringgit and orderly develop-
ment of the onshore ringgit market
that would benefit all Malaysians,
including domestic businesses and
foreign investors.
Let this be a lesson, Singapore
BY C H R I S TOPH ER L A N GNER
IN few areas is hindsight as instruc-
tive as finance. Investors who survive
bad times learn their lessons and
when such a situation comes around
again, they know how to react.
Singapore bondholders are get-
ting a schooling now on their rights
and the wisdom of not forgoing them
on the cheap. On Tuesday night,
Ezra Holdings Ltd and its Japanese
partners put their offshore oil-servic-
es joint venture into bankruptcy in
the US. EMAS Chiyoda Subsea Ltd
filed for Chapter 11 protection from
creditors pending a reorganisation.
Singapore-traded Ezra is the biggest
shareholder in the venture with 40%.
Chiyoda Corp holds 35% and Nippon
Yusen KK 25%, Bloomberg‘s Steven
Church and David Yong reported.
It sounds like bad news for Ezra,
which faces its own financial troubles
as the offshore oil-services industry
buckles. The Singapore company said
last month that Forland Subsea AS
may apply for it to be wound up over
a payment due to the vessel owner.
Ezra owes US$988.8 million
(RM4.39 billion) of loans and bills
payable to banks, according to its
accounts for the year ended Aug. 31,
2016. The lenders are no doubt cir-
Some were apprehensive about
the rules — which required that all
settlements for goods and services
between residents or resident com-
panies shall only be made in ringgit.
In order to enhance the usability of
the local currency, the prevalent
practices of using the US dollar for
the payment of domestic transac-
tions should be discouraged as a
high degree of substitution of do-
mestic currency with foreign cur-
rency will weaken the effectiveness
of our policy tools.
In the best interest of sustaining
domestic macroeconomic and fi-
nancial stability, it is legitimate to
curtail the use of foreign curren-
cies as a medium of exchange in
the local economy. It is the ringgit
and not foreign currencies (rather
the US dollar) that should be used
to pay for domestic goods and ser-
vices between residents or resident
companies.
We are not a dollarised economy,
and hence there are no compelling
reasons to only use the US dollar for
the settlement of domestic transac-
tions between residents or resident
companies.
There is also the question as to
whether domestic residents should
keep foreign currencies over and
above that required for the settle-
ment of international transactions?
The foreign currency account is
meant for the drawdown of forex
to pay for imports in international
transactions with non-residents or
cling and wanting to know how the
company will pay. If a restructuring is
deemed necessary, holders of Ezra’s
S$150 million (RM473.67 million) of
4.875% bonds due in 2018 will have
to sit on their hands and wait.
They have only themselves to
blame. In November, investors
agreed to waive most of the default
covenants on the bonds. As such,
they gave up their right to request
immediate repayment if the com-
pany missed its obligations. In re-
companies and for foreign debt ser-
vice obligations.
Allowing a high degree of “dollar-
isation” in the local economy could
complicate the management of eco-
nomic and financial policies. These
include constraints in the central
bank’s capacity to conduct mone-
tary policy and to act as a lender of
last resort to stabilise domestic forex.
The high proportion of substi-
tution of domestic currency with
foreign currencies would render
one’s monetary policy ineffective
or prevent a central bank from hav-
ing a more flexible monetary poli-
cy to influence prices, output and
investment.
In times of higher US interest
rates and a strong US dollar, a dol-
larised economy — that restraints
a central bank from intervening ef-
fectively during times of economic
slowdown and hence — has an ad-
verse effect on exports as a strong
domestic currency makes exports
less competitive.
High dollarisation may also in-
crease the risk of destabilising the
financial sector as well as hamper
both central bank’s and banks’ li-
quidity management. It may amplify
the influence of foreign currencies
on the domestic exchange rate and
will exert the impact of exchange
rate movements on corporates’ and
banks’ balance sheets.
It has been observed from lessons
learned during periods of crisis and
macroeconomic instability that high
turn, they were paid S$250 for every
quarter million of securities held (see
chart — Writing on the Wall).
I had warned about consenting to
major changes in bond documents in
return for small one-time payments.
The practice has become common
in Singapore, where investors do not
always read the fine print.
Ezra looks to be the most painful
case yet of bondholder naiveté. The
company had already loosened re-
strictions on its bonds earlier last year.
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
dollarisation was a key factor in ex-
plaining vulnerabilities and currency
crises. This has long been the case
in Latin America, parts of Asia and
Eastern Europe.
While the ringgit will remain sus-
ceptible to negative sentiment and
the policy outcome associated with
the US Federal Reserve, the ringgit
should eventually stabilise to reflect
its fundamental value.
Policymakers must remain vig-
ilant, holding tight onto the reins
of credible economic and financial
management policies to keep the
economy going. The government
and relevant institutions must take
all necessary actions and initia-
tives to strengthen our economic
fundamentals, restore confidence
and reduce the growing public
trust deficit.
We must be proactive to clear
misconceptions about economic
issues that would affect Malay-
sians as well as investors’ percep-
tion. Prompt intervention helps to
restore investor confidence. It is
commendable that BNM contin-
ues to engage with investors and
business sector to fine-tune as well
as to ease market uncertainties
about forex administrative rules.
Addressing these uncertainties can
build up credibility and enhance
confidence in the ringgit.
Lee Heng Guie is executive director at
the Socio-Economic Research Centre.
Subsequently, an affiliated company,
Perisai Petroleum Teknologi Bhd,
defaulted on its securities later in the
year. Given the costs of maintaining
idle offshore oil services vessels and
persistently low oil prices, it was not
rocket science to figure out that things
were not going well for Ezra.
It is all moot now. Singapore inves-
tors will have to learn their lesson. The
next time a company comes around
asking for forgiveness, perhaps they
will be less kind. — Bloomberg
Markets need
to hear more
details about
economy
from Trump
BY
MOHAMED A EL-ERIAN
PRESIDENT Donald Trump’s
first speech to Congress on Tues-
day night was wide-ranging in
coverage, nationalistic in tone
and presidential in delivery.
The president repeated many
of the themes he advocated dur-
ing the campaign and has reiter-
ated since the Nov 8 election. He
declared the opening of “a new
chapter of American greatness,”
the “renewal of the American
spirit,” and the country’s read-
iness to lead globally but only
“by putting its own citizens first.”
In his comments on the
economy, he set out his main
areas of policy focus but left for
later the details of what specif-
ic measures he wants to take,
how they will be funded (where
needed), and when they will be
implemented.
Characterising the country’s
economic condition as worri-
some after years of deindustri-
alisation, eroding competitive-
ness, rising inequality and too
many Americans lacking jobs,
he stated that his administra-
tion was developing a “historic
tax reform” that, along with a
“big tax cut,” would enable US
companies to compete better
at home and abroad.
While on the topic of global
competition, he lamented “the
exports of US jobs and wealth”
to other countries. He warned
them that the US would no
longer accept an uneven playing
field, especially when it comes
to import tariffs and surcharges.
“Free trade also has to be fair
trade,” is how he put it.
Noting that “the time has
come for a new programme of
national rebuilding,” he reiter-
ated his intention to embark on
an ambitious infrastructure plan
that emphasises “buy Ameri-
can and hire American.” While
noting that this would be done
through both partnerships and
fiscal channels in the context of
a budget that would also make
more room for military spend-
ing, he stopped short of com-
menting on the balance of deficit
financing and new revenues.
Also, citing the example of the
coal industry, Trump repeated
his commitment to the further
removal of what he regards as
excessive regulation.
Many of these themes have
already been embraced by
equity markets that have em-
barked on a record-setting run
higher. As such, investors will
welcome Trump’s restatement
of his pro-growth agenda. But
those hoping for clarity on the
“how” and “when” of his ex-
ecution must wait. Their roll-
out was not on Tuesday night’s
agenda. The question now is
how patient markets will re-
main. — Bloomberg
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Macau gambling
revenue hit
two-year high
in February
BY FA R AH MA STER
HONG KONG: Macau’s gam-
bling revenue rose for a seventh
month and hit a two-year high
in February, in the strongest
signal yet the casino hub was
firmly on its path to recovery
from a slump triggered by Chi-
na’s anti-corruption campaign
and slow economic growth.
Business has been bleak in
the special administrative region
belonging to China since Chi-
nese President Xi Jinping rolled
out a campaign against shows of
wealth by public officials in 2014
— a move that effectively dried
up the stream of VIP spenders
from the mainland.
But the opening of new
resorts in the world’s biggest
casino hub over the past few
months has helped revive
revenue by attracting casual
gamblers as well as high-roll-
ers, prompting analysts to call
a bottom to Macau’s gaming
industry slump.
In February, Macau raked
in a revenue of 23 billion pata-
cas (RM12.87 billion), up from
19.5 billion patacas a year ago
and the highest since January
2015, government data showed
yesterday.
An analyst with Bernstein in
Hong Kong, Vitaly Umansky,
said junket marketing events
over the last week of February
had led to a significant increase
in VIP spenders. He cautioned
March could see “a slowing VIP
environment” versus February.
— Reuters
China February factory growth beats forecast
BY E L I A S G LENN & YAWEN CHEN
BEIJING: China’s factory activity
expanded faster than expected in
February as domestic and export
demand picked up, adding to signs
that the global economy is regaining
momentum even as fears grow of a
surge in trade protectionism.
Growth in both output and or-
ders accelerated last month, ac-
cording to official and private fac-
tory surveys yesterday, giving the
government more room to focus
on tackling financial risks to the
economy as debt continues to rise.
“This is the seventh consecutive
month that China’s official manufac-
turing PMI (Purchasing Managers’
Index) stayed within expansionary
territory, suggesting that industrial
activity remains buoyant,” said Zhou
Hao, emerging market economist
at Commerzbank AG in Singapore.
Zhou said it was “very likely” that
China’s central bank would raise
short-term interest rates by another
10 basis points in March — which
would mark the third such move in
as many months — as authorities
grow more confident that the econ-
omy is on steadier footing.
Facing growing risks from explo-
Foxconn to work on
Chinese TV plant
Founder bets on demand for giant screens in healthcare, homes
TOKYO/BEIJING: Foxconn Tech-
nology Group will begin construc-
tion this month of a US$9 billion
(RM39.6 billion) display plant
in southern China, as billionaire
founder Terry Gou makes a big
bet on demand for giant-sized TV
screens in healthcare and homes.
Gou and the Taiwanese company
are looking to capitalise on the tech-
nology and branding acquired with
the purchase of Sharp Corp last year.
Foxconn, whose main listed unit is
Hon Hai Precision Industry Co, is
investing 61 billion yuan (RM39.51
billion) in the factory in Guangzhou
and plans to complete it by 2019. It
will use the largest glass substrates
available, and have a monthly output
PAG makes US$616m bid for 42.1% stake in Yingde
BY ELZIO BAR RETO
HONG KONG: Hong Kong-based
private equity firm PAG has struck
a deal with the three co-founders
of Yingde Gases to buy their stake in
the firm for US$616 million (RM2.73
billion), the latest twist in a months-
long battle for control one of China’s
largest industrial gases company.
PAG signed an agreement with
Zhao Xiangti, Sun Zhongguo and
sive growth in debt, China’s cen-
tral bank has cautiously shifted its
stance in recent months to a tight-
ening bias after years of super-loose
policy to stave off the risk of a hard
landing for the world’s second-larg-
est economy.
Policy sources have told Reuters
capacity of 90,000 ultra-high-defini-
tion panels worth about 92 billion
yuan annually. Those will be aimed
at the healthcare, education and
smart home applications, Foxconn
said in a statement yesterday.
Gou is reshaping Foxconn, the
main assembler of Apple Inc’s iP-
hones, by installing robots through-
out a juggernaut that spans China to
Southeast Asia to shore up its man-
ufacturing prowess and investing in
emergent fields from virtual reality
to artificial intelligence. The acquisi-
tion of Sharp gave Gou a consumer
electronics brand of his own and
boosted Foxconn’s ability to com-
pete in the market for smartphone
and TV screens. Sharp and Foxconn
Trevor Strutt to buy their com-
bined 42.1% stake at a price of HK$6
(RM3.40) per share, Yingde said in
a filing to the Hong Kong stock ex-
change. The agreement would be sus-
pended if they receive a competing
offer at least 5% higher than PAG’s,
or equivalent to HK$6.3 per share,
the filing said. The move followed an
announcement by Hong Kong-based
activist hedge fund Oasis Manage-
ment Company Ltd on Monday that
that China’s leaders will accept a
lower economic growth target of
around 6.5% in 2017, and target a
less aggressive expansion of mon-
ey supply, as the focus slowly shifts
from growth to pushing reforms
to contain debt and housing risks.
The official PMI released yester-
W O R L D B U S I N E S S 19
are now considering expanding pro-
duction in the US.
The Guangzhou factory will use
large-screen liquid-crystal display
(LCD) technology from Sakai Dis-
play Products Corp, a venture con-
trolled by Sharp and Foxconn.
Demand for LCD TVs has pla-
teaued and prices are falling as sup-
ply swells. But emergent demand
from new sectors such as healthcare
may spur a recovery in coming years.
Shipments of screens larger than 65
inches (165cm) will almost triple
by 2020 to 28 million units, while
those between 55 and 60 inches will
jump 72% to 65 million, according
to market researcher Display Supply
Chain Consultants. — Bloomberg
it would seek a seat on Yingde’s board
as the company considers strategic
alternatives, including an outright
sale. In December US industrial gas
maker Air Products sent a “letter of
interest” to Yingde’s board indicating
its intention to make a cash offer to
buy the company.
“This is [good] for shareholders as
it potentially sets a higher price for
a takeover,” said Oasis chief invest-
ment officer Seth Fischer. — Reuters
day rose to a three-month high of
51.6 in February, compared with
the previous month’s 51.3, and
above the 50-point mark that sep-
arates growth from contraction on
a monthly basis.
Analysts had expected a reading
of 51.1. — Reuters
IN BRIEF
Ofo raises US$450m in
latest funding round
SHANGHAI/HONG KONG:
Chinese bike-sharing start-up
ofo said it has raised US$450
million (RM1.98 billion) in
a fresh round of funding,
as the firm faces up against
deep-pocketed rival Mobike
in one of the hottest sectors
to attract tech investors. In-
vestment group DST Global,
ride-hailing giant Didi Chux-
ing and CITIC’s private eq-
uity arm were among inves-
tors, the company said in a
statement. Ofo and Mobike
are two of a growing num-
ber of bike-sharing services
in China that allow users to
find, unlock and pay to rent
the bicycles through a smart-
phone app, targeting younger
consumers tired of congested
roads and public transport.
— Reuters
Sinopec plans shale gas
research base
BEIJING: China’s Sinopec
Corp has started building a
base for research into shale
gas near its largest commer-
cial discovery of the fuel, an
industry website reported yes-
terday. The company, look-
ing to cement its position as
China’s leading shale gas de-
veloper, plans to spend 339
million yuan (RM217.56 mil-
lion) building the facility near
its Fuling shale project near
Chongqing, according to a
report by www.cnpc.com.cn.
The centre will also be used
to oversee the expansion of
the Fuling field’s production
capacity, the report said. —
Reuters
China injects US$60.2b
liquidity in February
BEIJING: China’s central bank
injected 413.85 billion yuan
(US$60.2 billion/RM267.29
billion) via short- and me-
dium-term liquidity tools in
February, down 35% from the
previous month, signalling
a bid to rein in rapid credit
growth. That followed a 26%
drop in January from Decem-
ber. Under its new “prudent
and neutral” policy, the Peo-
ple’s Bank of China has adopt-
ed a modest tightening bias in
a bid to cool explosive growth
in debt, though it is treading
cautiously to avoid hurting
economic growth. — Reuters
Yangzijiang Shipbuilding
plans 10% more job cuts
SINGAPORE: China’s Yangzi-
jiang Shipbuilding Holdings
Ltd plans to cut another 10%
of its workforce in 2017, its
executive chairman said, as
the company seeks to ride out
a prolonged downturn in the
industry. The Singapore-listed
firm plans to reduce its labour
force this year to 18,000 from
20,000, Ren Yuanlin said at
an earnings briefing yester-
day. It has already reduced
it workforce by 20% over the
last two years. Yangzijiang
posted a 29% fall in 2016 net
profit. — Reuters
20 W O R L D B U S I N E S S
‘US must respect WTO rules’
Tokyo-Washington bilateral trade agreement talks may not start soon — Abe adviser
BY STANL EY WH I T E
& I Z U M I N A K AGAWA
TOKYO: Japan will tell the US in
their economic talks that any bor-
der tax the US government imposes
on imports should not break World
Trade Organization (WTO) rules, an
adviser to Prime Minister Shinzo Abe
said yesterday.
Yasutoshi Nishimura also said
Japan would not rule out a bilater-
al trade agreement with the US, but
talks may not start soon because
Washington is putting a higher prior-
ity on renegotiating the North Amer-
ica Free Trade Agreement (Nafta).
“We don’t want any border tax
to violate WTO rules by becoming
a tax system intended to promote
exports,” Nishimura told Reuters in
an interview.
BoJ’s Sato calls
for raising yield
targets flexibly
BY L EI K A KI H A RA
TOKUSHIMA (Japan): Dissent-
ing Bank of Japan (BoJ) board
member Takehiro Sato said the
central bank should be open to
the idea of raising its bond yield
targets before inflation hits its
2% goal, if improvements in the
economy drive up long-term
interest rates.
Sato also said the BoJ should
not persist in maintaining the
current pace of government
bond purchases and consider
reducing its massive holdings
of treasury discount bills, since
it now targets interest rates and
not the pace of money printing.
“The yield curve that would
be most appropriate for achiev-
ing favourable conditions in
economic activity and prices
should be a little steeper,” Sato
told business lenders in Tokus-
hima, Japan, yesterday.
He said consumer inflation
may reach 1% by the end of this
year as improvements in the
economy lift household spend-
ing, which could make it “quite
difficult” for the BoJ to maintain
a pledge to cap 10-year bond
yields around 0%.
“If the board comes to a con-
clusion that economic and price
developments are improving, the
BoJ should consider fine-tuning
its 10-year yield target,” he said.
“I don’t think it would go
against the BoJ’s mandate to
raise the yield targets before
inflation hits 2%”, if economic
improvements are driving up
long-term rates, he said.
Under a new policy frame-
work adopted in September,
the BoJ now guides short-term
interest rates at minus 0.1% and
the 10-year government bond
yield around 0%. — Reuters
“Our position is WTO rules and
multilateralism are important, and
we want to lobby for that.”
Abe and US President Donald
Trump agreed last month to estab-
lish a new framework for economic
dialogue to discuss trade and in-
frastructure investment. The two
countries have not set a schedule
for their talks.
Trump has spoken positively
about a 20% border adjustment tax
being pushed by Republicans in
Congress as a way to boost exports,
but it is still uncertain if he will fully
endorse the proposal.
Trump, who has lashed out at
US companies for moving opera-
tions and jobs to countries such as
Mexico, had previously sent mixed
signals on the border adjustment tax.
Some Japanese policymakers
Taiwan not manipulating currency
for unfair advantage — central bank
BY LIANG-SA LOH
TAIPEI: Taiwan does not deliber-
ately weaken its currency to give
the trade-dependent economy an
“unfair competitive advantage”, the
central bank signalled in a report to
parliament amid worries that the
US could label the island a “cur-
rency manipulator”.
“[The central bank] maintains
the dynamic stability of the Taiwan
dollar and does not aim to seek un-
fair competitive advantage,” accord-
ing to the report released yesterday
and seen by Reuters.
A central bank official told Reu-
ters that Taiwan is keen to avoid
the ire of the US, especially over
Harry Potter conjures Japanese growth for Comcast
BY QUENTIN W EBB
HONG KONG: With Harry Potter’s
help, Comcast can conjure up growth
in sleepy Japan. The biggest US ca-
ble operator is paying ¥255 billion
(RM9.99 billion) to buy out Gold-
man Sachs and other partners in
Universal Studios Japan (USJ). The
Osaka theme park’s success, thanks
partly to the boy wizard, highlights a
part of the economy where domestic
consumption growth is no illusion.
USJ was briefly listed, but faltered
during the financial crisis. It was tak-
en private in a 2009 management
buyout backed by Goldman, private
equity firm MBK and Owl Creek, a
hedge fund. That gave USJ an en-
terprise value of just US$1.4 billion.
Growth at USJ has raced ahead
since, in a manner more befitting the
Hogwarts Express than the wider Jap-
anese economy. In US dollar terms,
sales have roughly doubled since 2008
grew concerned about US protec-
tionism and a return to 1980s trade
friction after Trump criticised Japa-
nese auto imports shortly after taking
office in January.
its currency policy, as US President
Donald Trump has openly criticised
China and Japan as currency ma-
nipulators.
“The central bank wants to signal
to the US that it does not manip-
ulate Taiwan’s currency,” said the
official, who spoke on the condition
of anonymity.
That explains why the central
bank, which frequently intervenes
in the local currency market, has
taken to the sidelines and allowed
the Taiwan dollar to strengthen
around 5% against its US peer so
far this year.
Trade officials in Taiwan have
said it shouldn’t be a target for trade
disputes with the US because its
to 2009. Visitor numbers are up more
than 70% — and about nine-tenths
of those visitors are Japanese. The
latest deal values USJ at US$7.5 bil-
lion (RM33.3 billion) including debt.
Such growth bucks the stereotype
of penny-pinching local consumers.
Despite Japanese Prime Minister
Shinzo Abe’s efforts to rejuvenate
the economy, household consump-
tion fell 1.5% in real terms last year,
excluding spending on houses, cars
and cash gifts.
The theme park’s outperformance
is partly the result of USJ’s specif-
ic strategy. It deliberately targeted
young women and families, which
has paid off. And the Potter attrac-
tions, which opened in 2014, have
been a big hit. But cross-country rival
Tokyo Disneyland has also fared well.
Despite high prices — USJ charges
adults ¥7,600 per head — the opera-
tors appear insulated against wider
economic doldrums.
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
Nishimura sitting
in front of monitors
showing Abe during
the Reuters Japan
Investment Summit
in Tokyo on May 19,
2014. Nishimura
says Washington
is putting a
higher priority on
renegotiating Nafta.
Photo by Reuters
Trump has since softened his
rhetoric on Japan following a sum-
mit meeting with Abe where the two
leaders agreed to hold the economic
dialogue. — Reuters
goods trade surplus with its sec-
ond-largest trading partner has
shrunk in recent years.
The central bank official said
“the central bank not intervening
as much in the foreign exchange
market” was underscored by Tai-
wan’s fourth-quarter balance of
payment surplus, which reduced
to the smallest in five years.
Nonetheless, polic ymak-
ers are closely watching out for a
twice-yearly US Treasury report due
in mid-April, which evaluates the
currency policies of its major trading
partners. A formal declaration of any
country as a currency manipulator
could end in punitive tariffs on the
offender’s goods. — Reuters
The new deal consummates a
process initiated in late 2015, when
Comcast bought 51% of USJ for
US$1.5 billion. That multi-year ap-
proach to acquisitions is unusual but
will be familiar to Comcast investors,
since the company used a similar
two-stage deal to buy NBCUniversal
from General Electric.
Limited financial disclosure
makes it hard to gauge how full a
price Comcast is paying. But it can
expect continued growth from new
Nintendo and Minions attractions
coming online soon. The group could
also expand geographically, perhaps
bringing Harry Potter to Tokyo. And
while foreigners now make up just
a tenth of visitors, they should be a
significant source of future demand
growth. Growth in Japanese tourism
has already blown past expectations
under Abe. Now, he wants 40 million
annual visitors by 2020. Comcast
should enjoy the ride. — Reuters
IN BRIEF
Thai February main
consumer prices up 1.44%
y-o-y, below forecast
BANGKOK: Thailand’s annu-
al headline consumer pric-
es rose less than expected in
February, commerce ministry
data showed yesterday, letting
the central bank keep mone-
tary policy loose to support the
economy. The headline con-
sumer price index rose for an
11th straight month in Febru-
ary, up 1.44% from a year ear-
lier, compared with the 1.57%
increase forecast in a Reuters
poll. In January, the index in-
creased 1.55% year-on-year, the
fastest pace in over two years.
The core inflation rate, which
excludes raw food and energy
prices, was 0.59% in February,
also below the 0.7% forecast in
the poll. Inflation has also been
held down by state price con-
trols and subsidies, as well as
weak domestic consumption.
— Reuters
Russia central bank
resumes publishing
forex intervention data
MOSCOW: The Russian cen-
tral bank yesterday resumed
publishing the amount of for-
eign currency purchases it car-
ries out for the finance min-
istry. The central bank’s data
showed it bought foreign cur-
rency worth 6.4 billion roubles
(RM489.84 million) on the do-
mestic market on Monday. The
central bank started buying
an equivalent of slightly more
than US$100 million (RM444
million) a day for the finance
ministry in early February but,
at some point, stopped reveal-
ing the amount of interven-
tions. In February, the central
bank spent around 82 billion
roubles on buying foreign cur-
rency for the country’s depleted
fiscal buffers, its data showed
yesterday. — Reuters
Formosa sees faster
approval for US
petrochemical plant
TAIPEI: Formosa Petrochemi-
cal Corp expects faster approv-
al for a planned US$9.4 billion
(RM41.74 billion) petrochemi-
cal plant in the US state of Lou-
isiana under the administration
of US President Donald Trump,
the company’s chairman said
yesterday. The appointment
last month of Scott Pruitt to
head the US Environmental
Protection Agency has been
welcomed by many Republi-
can lawmakers who blame the
agency for federal overreach
and killing jobs in coal and oth-
er industries. — Reuters
Indonesia inflation rate
rises to 3.83% in February
JAKARTA: Indonesia’s annual
inflation rate increased in Febru-
ary, mainly due to higher prices
for processed and raw foods as
well as healthcare, the statistics
bureau said yesterday. Febru-
ary’s annual headline rate was
3.83%, the bureau said, com-
pared with January’s 3.49% and
the 3.9% predicted in a Reuters
poll. — Reuters
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Saudis allured by Malaysian hospitality
Tourist arrivals from the Middle East nation rose 24% to 123,878 in 2016
BY E R DA K H U RSY I A H B A SI R
T
ourists from Saudi Ara-
bia have been arriving
in droves in Malaysia
over the years, thanks
to Malaysian hospitali-
ty and the many attrac-
tions in the country. The tourism
and culture ministry recorded an in-
crease of Saudi tourist arrivals from
99,754 in 2015 to 123,878 in 2016,
an increase of 24.2% within a year.
“The figure is expected to in-
crease to 130,000 this year due to
factors like additional direct flights
from Saudi Arabia to Kuala Lumpur
by Saudi Airlines, Malindo Air, Ma-
laysia Airlines and AirAsia.
“Apart from more direct flights,
Malaysia also has new attractions to
offer the Saudis — Movie Animation
Park Studios in Perak, A Famosa
Premium Outlet in Melaka — with
more hotels and service apartments
made available for them to put up
in,” said the ministry’s spokesman
to Bernama.
However, the increase in tourists
numbers is also attributed to the
efforts taken by Malaysia and Sau-
di Arabia following the signing of
a memorandum of understanding
on May 16, 2016, to foster cooper-
ation in tourism. Both sides have
Vietnam wants its gamblers staking their US$800m at home
BY N G UY EN D I EU T U U Y EN
& LUU VAN DAT
VIETNAM’S revolutionary founder
Ho Chi Minh relied on lottery tick-
et sales to raise money for schools
and hospitals during the war years.
Now Hanoi’s Communist leaders
are looking to casinos, horse bet-
ting and modern lottery-ticket ma-
chines to do the same.
So far this year, Prime Minister
Nguyen Xuan Phuc has issued two
decrees aimed at upping Vietnam’s
game in the regional competition for
gambling revenue while reducing
the country’s growing budget deficit.
A pilot plan to take effect in March
will allow Vietnamese to gamble in
the country’s casinos for the first
time — currently only foreigners
can. Another will allow bets nation-
wide on horse and dog races, as well
as international soccer matches. This
follows what officials call an “Amer-
ican-style” lottery started last year
by the finance ministry in partner-
ship with Malaysia’s Berjaya Corp.
“They need tax revenues,” said
Alexandre Legendre, a Hanoi-based
partner at Leadco Legal Counsel,
which has advised foreign investors
on the country’s gambling oppor-
tunities. “The fiscal situation of the
country is under pressure.”
Vietnamese going abroad to
such gambling locales as Macau,
Singapore and Cambodia spend an
estimated US$800 million (RM3.55
billion) on gambling every year, ac-
agreed to take the necessary steps
to ramp up the promotion of tour-
ism through studies and training
under related programmes.
Elaborating further on Saudi ar-
rivals in the country, the spokesman
said the availability of halal food and
easy communication also helped
draw them to Malaysia. “Malaysia
being an affordable holiday desti-
nation is another plus point.”
For Ghadeer Fatani, 21, the fact
that Malaysia is an Islamic country
was also among the reasons that
prompted her to visit Malaysia. She
was in the nation’s capital city for a
few days at the end of 2015 and the
hospitality she met won her heart.
“I would say Malaysians have
kind and welcoming personalities
... I’m glad that despite the multi-
ple religions and races, they still
respect religious tolerance.
“I did not experience any difficul-
ties during my visit to Malaysia be-
cause the culture there is very much
Islamic, like in my country. Beside
that, I found Malaysians to be very
caring towards visitors,” she said.
Meanwhile, another Saudi, Dr
Bandar Khalid Althubyani who has
been in Malaysia since July 2010,
said Malaysian hospitality made
him feel welcome. The lecturer with
Madinah Islamic Universiti who has
cording to Augustine Ha Ton Vinh,
an adviser to the Van Don Special
Economic Zone where a casino
funded by local investor Sun Group
is planned about 175km north-east
of Hanoi.
Now the government will aim to
keep that money at home.
New legal outlets for gambling
would be greeted enthusiastically
by Vietnamese, who spent about
US$13 billion on lottery tickets from
2011 through 2015, with revenue
growing an average of 12% annual-
ly, according to the finance minis-
try. The Southern Lottery Council,
which comprises lottery companies
in 21 provinces, pulled in almost
US$3 billion last year — up more
A filepic of a restaurant serving Middle East cuisine in Kuala lumpur. The availability
of halal food and easy communication has also helped draw Saudis to Malaysia.
Photo by Bernama
just completed his doctorate at the
International Islamic University
Malaysia adapted well here with
the help of locals.
“Malaysian people are very
friendly. The community helped us
to get involved in their programmes
and activities ... nowadays, we have
a lot of Malaysian friends.
“Not only have we accepted Ma-
laysian culture but we have also learnt
than 200% from 2007, according to
the organisation.
Gaming industry investments
will also boost the economy. An
additional foreign investment of
US$3 billion into Vietnam’s casino
businesses could increase gross do-
mestic product by 0.58% in the first
year, according to the Institute for
Regional Sustainable Development
in Hanoi.
The new computerised Berjaya
joint venture, Vietlott, supplements
and even competes with Vietnam’s
provincially operated lotteries. The
local, five-decade-old operations
provide a form of social welfare for
elderly, poor and disabled ticket
sellers who wander in and out of
a few words in Bahasa such as berapa
harga, apa khabar and khabar baik.
In fact, we also like Malaysian tradi-
tional food, especially satay ayam,
roti canai and teh tarik,” said Bandar,
who will be returning home soon.
Bandar, 34, who came here with
his wife and children, also found
that the country’s universities pro-
vide the best education in Asia.
“Besides, it also affordable in
street cafes selling paper tickets.
Vietlott reported revenue of more
than US$70 million last year after
rolling out operations in about 20%
of the country’s provinces starting
last July.
Nguyen Van Thanh, who at age 55
left his comfortable administrative
job at a state-owned insurance com-
pany, stands all day selling Vietlott
tickets for 10,000 dong (RM1.95) in
Hanoi. He sells as much as US$1,300
in lottery tickets a day. “Vietnamese
people like to gamble,” he said.
For years, the government has
been ambivalent about gambling.
Allowing Vietnamese to enter casi-
nos built for foreigners is an exper-
iment that will last for three years
F E AT U R E 2 1
terms of cost of living and tuition
fees. In general, education in Ma-
laysia is perfect, based on educa-
tional environment, professional
lecturers, good facilities ... These are
the reasons why some Malaysian
universities have good QS [World
University] Rankings. The graduates
are in demand in the labour mar-
ket and [many] Saudi students who
studied in Malaysian universities are
decision makers in their jobs. I know
some of them are deans and deputy
deans in their universities,” he said.
On Malaysia-Saudi Arabia ties,
Bandar opined that bilateral ties
have been enhanced over the years
with the two countries sharing the
common goals of helping the um-
mah face challenges and contribute
to global peace.
On Sunday, Saudi Arabia’s King
Salman Abdulaziz Al Saud arrived
for a four-day visit to Malaysia.
Prime Minister Datuk Seri Najib
Razak said King Salman’s visit would
further consolidate the bilateral ties
based on the mutual trust and re-
spect that have existed all this while.
The prime minister noted that Kuala
Lumpur is grateful for the fact that
King Salman himself chose Malaysia
as his first destination in Southeast
Asia since ascending the throne in
January 2015. — Bernama
while the programme is assessed.
While lottery revenue has funded
education and social welfare for dec-
ades, the government nonetheless
fears unrest from what officials call
“social evils” associated with gam-
bling, such as prostitution, drunk-
enness, and heavy indebtedness.
The first casinos open to locals most
likely will be far from urban areas,
said Ben Lee, managing partner at
Asian gaming consultancy IGamiX.
“Local gaming near an urban centre
encourages what they are trying to
avoid — problem gambling among
the people who can least afford it.”
Vietnam is following the lead of
other Asian governments that are
endorsing legal gambling in a region
that embraces games of chance.
Overseas gaming companies
have long eyed Vietnam for ex-
pansion. Las Vegas Sands Corp
has for years considered a resort
in Ho Chi Minh City and Hanoi,
George Tanasijevich, the compa-
ny’s managing director for global
development, said in a statement.
Hong Kong’s Chow Tai Fook En-
terprises Ltd and VinaCapital Invest-
ment Management Ltd are investing
in a US$4 billion project in the prime
minister’s home province of Quang
Nam along the central coast. In Jan-
uary, former hedge-fund manager
Phil Falcone, the largest investor
in the Grand Ho Tram Strip casino
resort a two-hour drive from Ho
Chi Minh City, met with the prime
minister in Hanoi. — Bloomberg
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SH A L I N I YEAP
WORK. LIFE. BALANCE
KOREAN fashion brand The Twee opens
its first Southeast Asia flagship store in KL
Gateway Mall today. For your dose of retail
therapy this week, make your way to the
10,000 sq ft contemporary retail space and
enjoy its opening promotions. The store will
carry a wide collection of quaint, distinctive
and trendy Korean apparel, accessories and
footwear for both men and women. The Twee
is located at G.02, Ground Floor, KL Gateway
Mall, Lorong Kerinchi Kiri 2, Kampung Ker-
inchi, Kuala Lumpur. Visit www.thetwee.com.
my for more details.
TREAT your
senses to an
exquisite five-
course wine
pairing dinner
at Mandarin
Grill, featur-
ing fine wines
from Austral-
ia’s renowned
Katnook Estate.
It will be hosted
by estate director Alison Harvey, who will share
her expansive knowledge and guide guests
through the tasting notes. The menu, priced
at RM388 nett per person, includes: duck foie
gras terrine (with Chardonnay, Katnook Estate
2011), cured lamb leg (with Shiraz, Katnook
Estate 2009), tuna dukkah crust (with Shiraz,
“Prodigy” Katnook Estate 2009) and grilled
sher wagyu sirloin (with Cabernet Sauvignon,
Katnook Estate 2008 and Cabernet Sauvignon,
“Odyssey” Katnook Estate 2009). Mandarin
Grill is situated at Mandarin Oriental Hotel
Kuala Lumpur. Call (03) 2179 8960, or email
mokulmogrillbar@mohg.com for reservations.
INSTEAD of a movie date at the cinema or
movie night at home, watch a movie under
the stars at Frisky Rooftop Bar tonight. This
week’s movie is Into the Wild, which follows the
story of top student and athlete Christopher
McCandless whom, upon graduation, aban-
dons his possessions, gives his entire savings of
US$24,000 to charity and hitchhikes to Alaska
to live in the wilderness. Be at Frisky Bar at
4A Lorong Yap Kwan Seng, Kuala Lumpur at
9.30pm for a free movie and popcorn. Visit
www.facebook.com/FriskyBarKL, or call (03)
2166 0750 for more details.
TROPICAL PARADISE
Raffles Hainan: A family
retreat with something
for everyone
BY S HALI NI Y E AP
I
f you’re looking for a reason to book
your next holiday, Raffles Hainan,
China gives you 10! Celebrating
its third anniversary, the hotel has
introduced 10 reasons to visit its
luxurious property. It offers a range
of activities such as tropical adventures,
the ultimate golf experience as well as
body and soul wellness — perfect for a
family retreat. As part of the traditional
hallmark of Raffles Hotels and Resorts,
guests staying at the suites and villas can
enjoy exclusive Raffles butler services.
Dubbed China’s Hawaii, the contempo-
rary beachside destination of Hainan draws
inspiration from the picturesque natural
landscape of white sandy beaches dotted
with swaying palm trees, making it one of
the top international resorts of the tropical
southern island. Hainan Island is China’s
only tropical resort destination, which be-
sides its beaches is also known for beautiful
rainforests and year round tropical climate.
The 299 elegant guestrooms and suites
of Raffles Hainan are infused with design
references from the island’s beautiful coast,
rich Asian cultures and contemporary art.
The hotel’s interior is thematically designed
by LTW Designworks with earthy tones,
marrying influences from both local ethnic
hill tribes and traditional Balinese culture.
Guests can enjoy the surrounding
beauty of nature at Nanwan Monkey Is-
land or learn about local Li and Miao
culture by visiting the Coconut Field An-
cient Village. If art is what you seek, an
extensive collection of curated artwork by
renowned Willow Gallery is showcased
throughout the hotel. The collection com-
prises more than 1,000 works of fine art,
tribal antiquities and traditional orna-
ments as well as specially commissioned
pieces by contemporary Chinese artists.
Food lovers can indulge in scrumptious
premier food and beverage discoveries at
Raffles Hainan. To kick start your day, relish
in a sumptuous breakfast buffet at the all-
day beachfront restaurant Desa, named after
the Nusantara word for village. The hotel
serves the freshest seafood from the local
market, served daily in Cantonese style at
signature Chinese restaurant Bai Wei. The
same applies to the authentic Mediterra-
nean-styled dishes which can be found at
Italian bistro Sapori. For a nightcap, guests
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
01. Activities for the
kids keep them
occupied while
parents unwind
during their holiday.
02. The spa offers
complete pampering
and relaxation.
can also enjoy an evening of winding down
at Long Bar that serves unique cocktails and
boutique wines in a relaxed atmosphere.
For guests travelling with their young ones,
Raffles Rascals Kid’s Club organises a number
of recreational activities and enriching excur-
sions that they can look forward to during
their stay. Other fun parent-child activities
include cooking classes, beach volleyball
or swimming in the outdoor lagoon pool.
Guests who are looking to relax and un-
wind can pamper themselves in the 1,400 sq
m Raffles Spa, a tranquil oasis for personal
rejuvenation and healing with signature
treatments inspired by the three stages of
a lotus flower: Bud (body), Blossom (beau-
ty) and Bloom (development). The signa-
ture Spa represents Raffles’ philosophy of
transformation in lifestyle and fine living.
Meanwhile, golf aficionados will be
thrilled to learn that Raffles Hainan is
adjacent to Hainan Clearwater Bay Golf
Club that boasts two 18-hole champion-
ship golf courses. It offers unparalleled
tropical golfing experiences with each hole
uniquely designed with beautiful natural
topography of the course. If you feel like
a spot of shopping, the world’s largest
duty-free shop, the Sanya International
Duty Free Shopping Complex, is located
01
02
nearby the hotel and houses nearly 300
international brands under one roof to
offer a good dose of retail therapy.
“Raffles brand is synonymous with ul-
timate luxury, offering unforgettable ex-
periences to guests,” said Robert Cousins,
the hotel’s general manager. “Whether it’s
a romantic getaway, personal retreat or
a family get-together, we have a range of
fun activities for our guests such as kids’
camp, cooking classes and yoga. For body
and wellness, indulge in a selection of
pampering facial treatments and body
massages at the Raffles Spa. We look for-
ward to creating memorable experienc-
es for guests staying at Raffles Hainan.”
Available till July 21 2017, the Multi-Gen-
erational travel package (5,888 yuan
[RM3,807] nett per room night) will in-
clude a Grand Pool Villa stay with daily
breakfast up — for to four adults and two
children under 12 years old –a full day at
Raffles Kid’s Camp (including lunch for
two children), a private family BBQ dinner
at the villa and one way airport transfer.
Email reservations.hainan@raffles.com
or visit www.raffles.com/hainan or call
+86 898 8338 9888 for more information.
 live it! 23
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY

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

TRAVEL BY NIKKI EKSTEIN

Time to make your Japanese cherry blossom dreams come true

IF Japan is on your bucket list, there Japanese temple backdrop. chards,” explained Clarkson. “So after will not pan out. For one thing, top hotels
is at least a strong chance that you are If what you really want is to have a the locals perfected a pruning technique such as the Ritz-Carlton and Four Seasons
thinking of going during cherry blos- private, peaceful experience — just you for their apple trees, they carried it on to in Kyoto, both gleaming, new, five-star
som season. and the vast landscape — you will want the cherries — it makes the trees in this properties, sell out months in advance.
At least that is what Lesa Clarkson, to get out of Kyoto. Both Clarkson and area bloom spectacularly.” Some locals And talented guides — in short supply
the Japan specialist at Asia-focused trav- Trimble like Kanazawa, a historic capi- even say the cherries here have twice as in Japan, thanks to difficult certification
el outfitter ATJ, says of the people who tal two hours north of Kyoto, for its Ken- many petals as anywhere else, thanks to processes — get swooped up by early
call her up looking for advice. “It’s an rokuen Gardens; they are largely con- the special cultivation method. birds. This means that even travellers
obsession,” echoed fellow bespoke travel sidered some of the most beautiful in While you are there, you can row in heading north to little-known Aomori
agent Duff Trimble, founder of Wabi-Sa- all of Japan, not just for their fluffy (and a moat that reflects the image of the would struggle to check all the boxes on
bi Japan, who pointed out that it is not copious) cherry blossoms. Combine it castle (and the cherry trees) in its crys- a hastily planned trip.
just Americans and Canadians and in- with nearby hot springs towns in the tal-clear waters. Then take the Hakkoda Trimble and Clarkson each recom-
ternational travellers that are interested Ishikawa countryside and it is an ideal Ropeway tram up 1,585m to the top of mend booking as much as a year in ad-
in heading to Kyoto for peak pink: It is way to get a taste for rural Japan without Mount Hakkoda, where you will find a vance, particularly if you would like to
the Japanese, too. going too far off the beaten path. small contemporary art museum and book flights on miles. Eight to 10 months,
Those romantic visions of Japanese To totally lose sight of all the tourists, lots of beautiful hiking trails. they said, is enough to get your room of
temples flanked by pretty petals and can- though, Clarkson has another strategy The added benefit of hitting Aomori? choice at top hotels.
opies of blooming trees along tranquil altogether: Take the train roughly four Its northern location means the cherries Both travel specialists admitted that
riverbanks? They are pretty hard to rep- hours north of Tokyo to volcanic Aomori bloom later, in late April or early May. By even in Tokyo, great cherry blossom view-
licate in real life — not just because tim- Prefecture, where 400-year-old Hirosaki then the crowds will have dispersed from ing abounds: Just head to Ueno Park,
ing is unreliable and the season is short, Castle is surrounded by 2,500 of Japan’s Kyoto, and different kinds of blooms will where the daily, booze-fuelled hanami
but because those perfectly-hued views most perfect-looking cherry trees. have set in, so you can hit both in peace. picnics — a floral-themed version of
come hand in hand with elbow-to-el- What makes them so unique? “It’s By and large, planning a last-minute American tailgating — are among the
bow crowds. an area that’s famous for its apple or- trip to see the blooms this spring simply very best. — Bloomberg
Here is how (and when and where)
to do it right.
Timing is everything 01. You can still see these fluffy
Generally, cherry blossom season spans blooms this year — if you’re
from March 23 to April 10, but Mother Na- willing to stick to Tokyo.
ture never makes promises. Small differ- Photos by Bloomberg
ences in climate can throw the calendar
off by a couple of days. The blossoms tend 02. Cherry blossoms at Hirosaki Castle.
to start a few days earlier in the south of
Japan, for instance, and can bloom well 03. Cherry blossoms in bloom in Tokyo.
into early May in the northern stretches
of Hokkaido. Head to the mountainsides
just outside Kyoto, and you will find the
blooms to be a few days behind those in
the lower-altitude city centre.
Luckily, there is a website that tracks
each destination’s progress, based on
crowdsourced-daily reports through the
spring. And once you are on the ground
in Japan, nightly news broadcasts will cite
local spots at which viewing is starting
to peak. The only issue: You will have to
plan your trip well before those updates 01 02
are made available.
Avoiding the crowds
“These days, cherry blossom season is a
zoo in Kyoto,” said Trimble. “There are
tour buses everywhere, traffic jams and
crowds everywhere. In my mind, it de-
tracts from the experience of being in
Kyoto.” But sometimes Kyoto is unavoid-
able. Trimble and Clarkson both consid-
er it a must-see for first-timers to Japan.
If you find yourself among the crowds,
pick only two or (maybe) three of the
main temples to visit: a combination of
Kinkaku-ji, Ginkaku-ji, Ryoan-ji, Sanju-
sangendo and Kiyomizu-dera. “Those
will be beyond jammed,” Trimble ad-
vised, but they are iconic and well worth
seeing.
Then head to Kyoto’s lesser-visited
treasures. Just west of the city are the
bamboo-filled mountainsides of Ar-
ashiyama, where naturally occurring
cherry trees rather than meticulously
pruned, cultivated specimens — dot the
countryside. Then there is Nijo Castle,
where a type of cascading cherry blos-
som—think pink wisteria — can be seen
along the grounds of a sprawling, Edo-
era complex. And there are more than
1,000 temples in the city itself. “Pick
one at random,” suggested Trimble, and
you have 95% chance of seeing beauti-
ful cherry blossoms against a stunning 03
2 4 S P O RT S
Raikkonen fastest as
Hamilton battles physical toll
The former shows promising signs for Ferrari
BARCELONA: Finland’s Kimi Raik-
konen showed promising signs for
Ferrari by outpacing a Lewis Hamil-
ton bruised by Formula One’s more
powerful cars for the 2017 season in
Tuesday’s second day of preseason
testing in Barcelona, Spain.
The greater speed afforded by
radical rule changes showed when
Raikkonen posted a best time of one
minute and 20.96 seconds for a lap
at Circuit de Catalunya since 2013.
Even more encouragingly for
Zhang (above) recorded a comprehensive 6-2, 6-4 win over Japan’s Ozaki in the Alya
WTA Malaysian Open at TPC Kuala Lumpur yesterday.
Zhang progresses at Alya
WTA Malaysian Open
KUALA LUMPUR: China’s Zhang Kai
Lin advanced to the quarter-finals for
the first time in more than six months
on the WTA Tour when the world
No 131 recorded a comprehensive
6-2, 6-4 win over Japan’s Risa Ozaki
in the Alya WTA Malaysian Open at
TPC Kuala Lumpur yesterday.
World No 106 Nao Hibino of
Japan received a walkover into the
last eight from 10th-ranked Elina
Svitolina.
With Svitolina’s withdrawal, the
tournament will see none of the top
three seeded players in the quar-
ter-finals.
Second seed Carla Suarez
Navarro of Spain and third seed
Caroline Garcia were ousted in
the first round on Tuesday.
However, the progress of unseed-
Djokovic through in Mexico on return to competition
ACAPULCO (Mexico): Former
world No 1 Novak Djokovic was
made to work hard before finishing
strongly to defeat Martin Klizan in
straight sets on his return to com-
petition at the ATP Acapulco event
on Tuesday.
Djokovic has not played since
his shock second-round exit at
Ferrari, Raikkonen’s time came on
a slower soft tyre compound to the
super-softs Hamilton used in post-
ing his best effort of one minute
and 20.983 seconds.
However, Mercedes, who have
won the last three drivers’ and con-
structors’ world championships,
remained out in front when it came
to mileage.
Hamilton managed 68 laps in the
morning session before handing
over the reins of the Mercedes W08
ed players gives a new dimension to
the tournament, and new and young
faces are set to make their mark.
Wuhan-born Zhang broke Oza-
ki’s serve six times to seal victory
in 104 minutes.
The 27-year-old will play either
Australian Ashleigh Barty or Japan’s
Miyu Kato tomorrow for a spot in
the semi-finals.
In a doubles first-round match,
Australia’s Ashleigh Barty-Casey
Dellacqua caused an upset by over-
coming third seeds Maria Irigoyen
of Argentina and Paula Kania of
Poland 6-4, 6-1.
Fourth seeds Nicole Melichar of
the US and Makoto Ninomiya of Ja-
pan also won their first-round match
by overcoming Serbians Aleksandra
Krunic and Nina Stojanovic 6-1, 6-4.
the Australian Open in January,
and showed signs of ring-rusti-
ness before defeating Klizan 6-3,
7-6 (7/4) before a raucous Mexi-
can crowd.
“I wasn’t expecting an easy
match — that’s for sure,” said Djok-
ovic. “The field here is very strong
and I got a collision in the first
to new teammate Valtteri Bottas.
“I’m finding the car is much
more physical to drive than in the
past. It’s so much faster in the cor-
ners,” said Hamilton.
“The force you feel on your body
and on your neck is much higher.
I’ve got bruises and bumps where
I’ve never really had them before.
“Physically, I feel fine though,
as it’s only half a day of testing. I’ve
trained enough over the winter to
be ready for more.”
China’s football frenzy hints at fatigue
BY RO BY N M AK & LI S A J U CC A
HONG KONG: Fatigue may be
setting in for some Chinese
football investors. LeEco has
just lost the rights to screen
top Asian matches. The cash-
strapped group, led by hyper-
active entrepreneur Jia Yuet-
ing, has unique problems. Still,
some others have probably
overstretched too.
O n Tuesday, the Asian
Football Confederation (AFC)
scrapped a 2015 contract with
LeEco. The AFC didn’t say why,
but Reuters says LeEco’s subsid-
iary LeSports missed a payment
on a US$100 million (RM444
million)-plus contract giving
it exclusive rights to show big
tournaments like the Asian
Champions League in China.
It is the latest setback for
Jia’s beleaguered conglomerate,
which sprawls from televisions
to electric cars. In December,
LeSports salvaged an English
Premier League contract after
reaching a last-minute com-
promise over US$30 million
of unpaid fees. Last month, Jia
sold off various stakes to secure
a US$2.2 billion capital injec-
tion from a property developer.
Jia, though, is just one of
many Chinese tycoons pour-
ing record sums into clubs,
players, broadcast rights and
sponsorship deals. President
Xi Jinping’s enthusiasm for the
game has helped spark a frenzy.
round against a guy who is well
known for playing his best tennis
on the big stage.
“But all in all, it was a good
performance to win in straight
sets. A tough second set ... but
it’s exactly what I needed at this
moment to test myself and my
game, and I’m looking forward
T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY
Bottas didn’t trouble the top of
the time sheets with only the sev-
enth-fastest lap, but did log an im-
pressive 102 laps in just a few hours.
The former Williams driver even
shrugged off a minor spin to com-
plete a full race simulation.
“I had a small off, but it wasn’t
anything serious,” said Bottas.
“I lost the rear end with a gust
of tailwind that was quite sudden.
This is testing — you need to find
the limits.” — AFP
Clubs like Inter Milan in Italy
and England’s West Bromwich
Albion are Chinese-owned,
while sides in the People’s Re-
public have signed stars such as
Argentine striker Carlos Tevez.
Reuters says Chinese buyers
have spent more than US$3 bil-
lion abroad over the past year.
But many deals are likely to
be disappointing, at least fi-
nancially. Wang Jianlin, China’s
richest man, last year warned
that buying sports teams was
unlikely to make money.
Rights to broadcast in China
have soared to record highs,
thanks to video-streaming plat-
forms, but paying viewers are
still scarce.
Meanwhile, mainland clubs
have splashed out huge sums,
but are unlikely to make a good
return: Match-day receipts
and broadcasting and adver-
tising sales are slowly climb-
ing, but not fast enough to off-
set the huge costs of poaching
high-profile coaches and play-
ers.
The combination of trophy
assets, high prices, inexpe-
rienced buyers and weak fi-
nances is dangerous. And signs
of strain are already appear-
ing elsewhere. A US$800 mil-
lion-plus takeover of Italy’s AC
Milan by a little-known Chi-
nese consortium is dragging
on. More Chinese players are
likely to get stretchered off the
field. — Reuters
to the next challenge.”
Elsewhere on Tuesday, anoth-
er former world No 1 Rafael Nadal
eased into the second round with
a straight-sets victory over Germa-
ny’s Mischa Zverev.
Nadal took one hour and 17 min-
utes to advance past the world No
30 6-4, 6-3. — AFP
IN BRIEF
Murray against giving
wild cards to drug cheats
BENGALURU: World No 1 Andy
Murray is against giving wild
cards to players returning from
doping bans, but the 29-year-
old understands why tourna-
ment organisers make an ex-
ception for “big names”. Maria
Sharapova has been given wild-
card slots for tournaments in
Stuttgart, Madrid and Rome,
despite falling down the rank-
ings as she serves a 15-month
doping ban for testing positive
for meldonium at the 2016 Aus-
tralian Open. With Sharapova’s
ban ending in April, Wimble-
don organisers are grappling
with the potential dilemma
of whether to hand the 2004
champion a place in this year’s
competition in July. — Reuters
Ko hopes Kasumigaseki
men-only rule will change
SINGAPORE: Olympic silver
medallist Lydia Ko said yester-
day she hoped the popularity
of women’s golf in Japan could
help solve a row over female
members at the Tokyo 2020
Games host course. Kasumi-
gaseki Country Club in Saita-
ma does not allow women as
full members, and in Janu-
ary postponed a review of the
policy, despite coming under
severe pressure from Tokyo’s
female governor Yuriko Koike
who said she felt “uncomforta-
ble” that women could not be-
come full members. The issue
also prompted concern from
the International Olympics
Committee ahead of the 2020
Tokyo Games. — AFP
Putin pledges ‘independ-
ent’ anti-doping system
MOSCOW: Russian Presi-
dent Vladimir Putin yesterday
pledged to establish an “inde-
pendent” system to tackle dop-
ing in the country, but insisted
again that the state had never
run a drug cheating programme.
“We are creating a new system of
fighting against doping,” Putin
was quoted as saying by TASS
news agency in the Siberian city
of Krasnoyarsk. “We will trans-
fer this system from the sports
ministry to an independent or-
ganisation, as has been done in
many countries in the world,” he
said, adding that a new labora-
tory would be built in the famed
Moscow State University. — AFP
McIlroy defends round
with Trump
MEXICO CITY: Rory McIlroy
on Tuesday defended his recent
round of golf with US President
Donald Trump as he prepared
for this week’s WGC-Mexico
Championship. The Northern
Ireland star said he was taken
aback by the scale of the crit-
icism he had received for his
round with Trump, insisting that
he had put politics to one side
for the occasion. McIlroy had
already addressed the issue in
a statement last week following
criticism, but faced renewed
questioning on Tuesday ahead
of this week’s event at Club de
Golf Chapultepec. — AFP
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.195 0.100 0.150 0.145 7146 AEM 0.150 0.005 924.3 0.149 — — 40.7
Sectorial Movement 0.500 0.360 0.410 0.400 5198 AFUJIYA 0.400 -0.005 49.7 0.404 23.53 — 72.0
0.635 0.265 0.480 0.450 2682 AISB 0.480 0.005 22 0.477 — — 63.3
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.077 0.575 0.735 0.720 7609 AJIYA 0.735 0.015 447.8 0.731 13.56 2.04 223.9
0.230 0.065 — — 9954 AKNIGHT 0.160 — — — — — 9.3
KLSE COMPOSITE 1,697.69 3.92 0.23 TECHNOLOGY 26.45 0.42 1.61 1.040 0.715 0.980 0.980 2674 ALCOM 0.980 UNCH 40.5 0.980 20.55 5.10 131.6
KLSE INDUSTRIAL 3,234.66 2.80 0.09 FTSE BURSA 100 11,665.84 24.35 0.21 0.415 0.315 0.395 0.380 4758 ANCOM 0.395 0.015 65 0.387 — — 86.5
CONSUMER PRODUCT 599.05 4.05 0.68 FTSE BURSA MID 70 13,955.42 19.33 0.14 2.700 0.582 2.680 2.620 6556 ANNJOO 2.640 -0.030 436.8 2.644 7.92 3.41 1,381.0
0.360 0.190 0.295 0.260 9342 ANZO 0.290 0.030 26691.2 0.278 — — 87.9
INDUSTRIAL PRODUCT 150.39 0.80 0.53 FTSE BURSA SMALL CAP 15,945.22 181.30 1.15 1.094 0.825 1.030 1.010 5568 APB 1.030 0.020 20.3 1.015 — 6.31 116.3
CONSTRUCTION 305.43 2.90 0.96 FTSE BURSA FLEDGLING 17,124.89 116.55 0.69 3.896 3.300 3.560 3.480 5015 APM 3.480 -0.080 2.1 3.537 14.22 4.89 701.6
TRADE & SERVICES 226.78 0.35 0.15 FTSE BURSA EMAS 11,981.87 31.59 0.26 1.240 0.581 1.140 1.040 7214 ARANK 1.130 0.080 3503.7 1.106 8.09 2.65 135.6
0.814 0.587 0.715 0.700 7162 ASTINO 0.715 0.015 69 0.703 6.34 1.40 196.0
KLSE FINANCIAL 15,087.89 61.55 0.41 FTSE BUR M’SIA ACE 5,233.14 -13.28 -0.25 0.965 0.413 0.950 0.930 7099 ATTA 0.935 -0.015 156.3 0.941 — 4.28 67.6
KLSE PROPERTY 1,219.60 -6.89 -0.56 FTSE BUR EMAS SHARIAH 12,429.84 42.09 0.34 1.660 0.370 0.435 0.400 7181 ATURMJU 0.435 0.005 194.1 0.414 — — 26.6
KLSE PLANTATION 8,078.26 -4.06 -0.05 FTSE BUR HIJRAH SHARIAH 13,724.98 38.36 0.28 2.360 1.410 2.200 2.170 8133 BHIC 2.200 UNCH 65.2 2.196 6.79 1.36 546.6
0.740 0.390 0.480 0.460 7005 BIG 0.480 0.020 68.8 0.468 — — 23.1
KLSE MINING 482.29 Unch Unch FTSE/ASEAN 40 9,418.24 6.96 0.07 0.155 0.095 0.120 0.115 7187 BKOON 0.115 UNCH 142.2 0.116 — — 31.8
1.088 0.755 0.840 0.825 0168 BOILERM 0.840 0.005 250.8 0.833 20.44 1.79 433.4
2.638 1.830 1.850 1.830 6297 BOXPAK 1.850 UNCH 52 1.849 19.79 — 222.1
1.730 1.330 1.420 1.400 5100 BPPLAS 1.400 -0.010 156.2 1.407 11.90 5.71 262.8
0.400 0.285 0.325 0.320 9938 BRIGHT 0.320 0.005 129.3 0.323 29.91 — 52.6
0.395 0.200 0.340 0.310 7221 BSLCORP 0.340 0.020 192.6 0.334 6.34 — 33.3
0.325 0.195 0.275 0.270 7188 BTM 0.275 -0.005 496.9 0.273 — — 34.5
Bursa Malaysia Main Market 4.487 3.133 3.500
0.070 0.020 0.030
2.280 1.910 2.120
3.420
0.025
2.080
5105
5229
7076
CANONE
CAP
CBIP
3.430
0.030
2.090
0.030
0.005
UNCH
521
44614
435.6
3.449
0.025
2.090
9.06
3.90
11.19
1.17
—
2.87
659.1
40.9
1,124.9
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.330 0.798 1.330 1.200 2879 CCM 1.300 0.100 3478.1 1.271 18.26 3.85 594.9
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 2.010 1.510 — — 8435 CEPCO 1.650 — — — 73.66 — 73.9
1.200 1.060 1.100 1.100 8044 CFM 1.100 0.040 5 1.100 — — 45.1
CONSUMER PRODUCTS 1.849 1.321 1.690 1.650 5007 CHINWEL 1.660 -0.030 210.8 1.667 8.57 4.82 497.2
0.824 0.610 0.630 0.620 7120 ACOSTEC 0.625 0.005 295 0.625 74.40 4.00 111.1 2.300 1.304 1.840 1.810 5797 CHOOBEE 1.830 0.040 288.9 1.811 8.07 2.19 201.1
4.900 3.442 — — 7090 AHEALTH 4.900 — — — 16.42 2.35 574.0 1.100 0.640 — — 8052 CICB 0.960 — — — — — 45.3
14.660 8.533 14.660 14.420 2658 AJI 14.540 0.120 54.9 14.564 20.52 2.32 884.0 0.075 0.040 0.060 0.055 7018 CME 0.060 0.005 2610 0.060 — — 26.5
0.300 0.210 — — 7051 AMTEK 0.260 — — — — — 13.0 5.031 3.170 4.250 4.190 2852 CMSB 4.210 -0.050 1759.2 4.204 26.71 1.07 4,523.1
6.007 4.970 — — 6432 APOLLO 5.300 — — — 22.42 5.66 424.0 0.470 0.130 0.360 0.360 7986 CNASIA 0.360 UNCH 10 0.360 — — 16.3
1.300 0.890 0.910 0.910 7722 ASIABRN 0.910 UNCH 3 0.910 — — 72.0 1.806 1.250 1.420 1.410 5071 COASTAL 1.420 UNCH 579.7 1.420 17.03 1.41 754.9
4.672 3.450 3.550 3.460 7129 ASIAFLE 3.500 UNCH 37.2 3.501 11.52 3.43 674.7 0.990 0.515 0.885 0.855 7195 COMCORP 0.880 0.025 1111.8 0.872 6.60 — 123.2
55.656 39.409 49.220 48.020 4162 BAT 48.600 0.100 121.4 48.622 19.24 4.77 13,876.8 0.895 0.605 0.710 0.700 2127 COMFORT 0.705 0.005 216.6 0.707 13.06 — 393.9
0.080 0.035 0.060 0.055 7243 BIOOSMO 0.055 -0.005 460 0.058 — — 39.8 2.320 1.177 1.880 1.780 5094 CSCSTEL 1.880 0.090 2537.5 1.823 10.09 5.32 714.4
0.716 0.536 0.700 0.660 9288 BONIA 0.700 0.030 3905.7 0.688 23.41 1.79 564.4 0.015 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5
1.800 1.520 1.680 1.650 7174 CAB 1.650 UNCH 93.1 1.659 10.87 0.61 296.3 0.887 0.770 — — 7157 CYL 0.805 — — — 18.90 6.21 80.5
0.554 0.465 0.485 0.485 7154 CAELY 0.485 -0.005 80 0.485 6.13 2.06 38.8 0.420 0.280 — — 5082 CYMAO 0.335 — — — — — 25.1
0.387 0.261 0.295 0.280 7128 CAMRES 0.295 0.005 207.3 0.287 9.49 3.39 58.1 2.450 2.052 2.350 2.290 8125 DAIBOCI 2.320 UNCH 11.3 2.302 29.63 2.34 633.9
15.136 11.537 14.480 14.200 2836 CARLSBG 14.480 0.280 199.7 14.403 21.60 4.97 4,461.0 0.715 0.315 0.640 0.630 8176 DENKO 0.630 -0.010 277 0.636 58.33 — 65.8
0.730 0.530 0.645 0.635 7035 CCK 0.640 0.005 228.8 0.637 11.83 2.34 201.8 0.315 0.180 0.245 0.245 7114 DNONCE 0.245 UNCH 80 0.245 — — 44.2
2.543 1.900 2.200 2.180 7148 CCMDBIO 2.200 0.020 62.6 2.188 20.58 2.95 613.7 0.435 0.285 0.340 0.335 5835 DOLMITE 0.340 UNCH 40.5 0.336 — — 92.7
1.566 1.025 1.420 1.400 9423 CHEEWAH 1.420 0.010 179.3 1.413 8.72 2.46 59.8 0.430 0.300 — — 5835PA DOLMITE-PA 0.360 — — — — — 4.5
2.834 2.344 — — 2828 CIHLDG 2.500 — — — 17.92 2.00 405.0 0.795 0.280 0.300 0.280 5265 DOLPHIN 0.295 -0.005 1499.5 0.292 — — 65.5
0.050 0.020 0.025 0.025 5188 CNOUHUA 0.025 UNCH 950.5 0.025 — — 16.7 1.250 1.053 1.230 1.220 7169 DOMINAN 1.230 0.010 13.9 1.222 16.31 4.07 203.0
2.330 1.820 2.310 2.220 7205 COCOLND 2.300 0.150 1093.9 2.278 14.03 6.74 526.2 1.528 0.764 1.450 1.420 1619 DRBHCOM 1.450 0.030 6901.1 1.440 — 1.38 2,803.2
2.010 1.204 1.900 1.890 7202 CSCENIC 1.890 -0.020 100 1.896 14.62 5.82 227.7 0.990 0.412 0.990 0.905 7233 DUFU 0.950 0.080 9989 0.951 10.84 2.21 166.7
0.120 0.055 0.065 0.065 5214 CSL 0.065 UNCH 72 0.065 1.20 — 80.8 0.985 0.810 0.900 0.870 8907 EG 0.885 0.015 2764.4 0.887 8.01 — 187.2
0.060 0.035 0.040 0.035 7179 DBE 0.035 UNCH 3918.5 0.035 — — 40.6 1.250 0.860 0.985 0.985 9016 EKSONS 0.985 UNCH 1.6 0.985 — — 161.7
0.954 0.752 — — 7119 DEGEM 0.900 — — — 11.90 2.50 120.6 0.927 0.251 0.550 0.535 7217 EMETALL 0.545 0.010 368.5 0.542 5.06 4.59 93.3
64.674 47.532 55.680 54.600 3026 DLADY 55.500 0.920 13.1 55.404 26.03 1.80 3,552.0 0.700 0.500 0.515 0.515 7773 EPMB 0.515 -0.005 14 0.515 — 1.94 85.5
0.120 0.070 0.080 0.075 7198 DPS 0.080 UNCH 103 0.076 — — 47.0 1.210 0.735 0.920 0.890 5101 EVERGRN 0.895 -0.005 3367.4 0.902 10.07 1.12 757.5
0.265 0.020 0.080 0.075 7182 EKA 0.075 UNCH 541 0.075 — — 23.4 1.124 0.630 0.750 0.700 7249 EWEIN 0.730 UNCH 102.1 0.710 11.01 0.68 162.7
0.380 0.185 0.375 0.375 5091 EKOWOOD 0.375 UNCH 14 0.375 — — 63.0 1.210 0.972 1.160 1.160 2984 FACBIND 1.160 -0.020 5 1.160 25.00 2.16 98.8
0.330 0.140 0.260 0.225 9091 EMICO 0.255 0.025 4736.3 0.249 7.66 — 24.5 2.800 2.270 2.710 2.640 7229 FAVCO 2.710 0.070 413.6 2.661 8.04 5.54 600.0
2.237 1.500 — — 7149 ENGKAH 1.540 — — — 41.96 4.22 109.0 0.765 0.457 0.730 0.685 0149 FIBON 0.725 0.025 626.9 0.709 12.35 1.72 71.1
0.265 0.195 0.230 0.225 7208 EURO 0.230 UNCH 281 0.225 18.55 — 55.9 2.290 2.020 2.230 2.230 3107 FIMACOR 2.230 UNCH 47 2.230 9.13 5.61 546.9
0.850 0.630 — — 7094 EUROSP 0.700 — — — — — 31.1 2.486 1.368 1.650 1.630 5197 FLBHD 1.640 UNCH 147.2 1.640 7.86 9.15 169.2
26.630 19.005 23.260 22.920 3689 F&N 23.260 0.160 6.9 23.104 23.60 2.47 8,531.3 1.500 1.390 — — 3611 GBH 1.390 — — — — — 259.4
0.840 0.600 0.730 0.665 9776 FARMBES 0.730 0.015 41.6 0.716 2.20 — 44.6 2.150 1.300 1.990 1.940 7197 GESHEN 1.980 UNCH 283.3 1.958 15.89 — 158.4
1.205 0.815 0.815 0.815 2755 FCW 0.815 -0.015 0.4 0.815 28.80 1.84 203.7 0.055 0.040 0.045 0.040 5220 GLOTEC 0.045 UNCH 912.1 0.042 — — 242.2
1.127 0.620 0.670 0.625 8605 FFHB 0.670 0.045 910.3 0.658 9.87 1.49 62.8 0.735 0.180 0.445 0.415 7192 GOODWAY 0.445 -0.005 321.1 0.434 — — 49.2
1.020 0.700 0.940 0.925 9172 FPI 0.935 UNCH 155 0.928 13.22 6.42 231.3 0.125 0.075 0.100 0.100 7096 GPA 0.100 UNCH 50.7 0.100 — — 98.0
1.246 0.854 1.000 0.980 5102 GCB 0.985 -0.025 136.3 0.989 10.79 1.52 473.0 0.410 0.255 0.300 0.300 5649 GPHAROS 0.300 0.005 20 0.300 — — 40.4
2.880 2.182 2.830 2.770 5606 GOLDIS 2.770 -0.070 38.9 2.800 10.20 0.72 1,692.2 0.272 0.196 0.225 0.225 0136 GREENYB 0.225 UNCH 56 0.225 40.18 2.67 75.1
1.210 0.990 1.190 1.190 5606PA GOLDIS-PA 1.190 -0.010 3 1.190 — 3.36 541.2 0.130 0.085 0.095 0.095 7077 GSB 0.095 UNCH 33.6 0.095 — — 50.2
0.110 0.010 0.090 0.080 5187 HBGLOB 0.090 0.020 125 0.083 — — 42.1 0.922 0.749 0.860 0.850 3247 GUH 0.860 0.010 46.4 0.856 23.24 4.07 239.0
18.372 13.121 17.800 17.480 3255 HEIM 17.800 0.340 100.4 17.653 19.68 3.09 5,377.3 0.615 0.235 0.555 0.475 5151 HALEX 0.545 -0.005 2487.9 0.515 — — 57.8
9.950 5.720 9.590 9.540 3301 HLIND 9.540 -0.010 70.7 9.553 11.25 3.56 3,128.2 5.008 3.759 4.950 4.850 5168 HARTA 4.900 0.040 1046 4.907 31.53 1.63 8,045.1
1.010 0.816 0.980 0.955 5160 HOMERIZ 0.980 0.020 327.7 0.965 10.64 5.10 294.0 3.450 2.640 — — 7105 HCK 3.350 — — — 5583 — 282.2
0.449 0.240 0.315 0.305 7213 HOVID 0.310 -0.005 7039.7 0.311 15.12 3.23 254.4 1.580 1.019 1.520 1.480 5095 HEVEA 1.520 0.040 1063.2 1.498 8.93 3.03 785.1
1.368 1.150 1.210 1.180 5024 HUPSENG 1.210 0.020 157.2 1.199 19.61 3.31 968.0 1.100 0.791 1.050 1.010 3298 HEXZA 1.050 0.040 631.5 1.036 9.17 4.29 210.4
0.590 0.360 0.500 0.485 8478 HWATAI 0.485 -0.015 115.8 0.494 16.44 — 36.3 0.525 0.180 0.325 0.310 5072 HIAPTEK 0.325 0.010 2779.7 0.318 — 0.92 420.9
3.220 1.785 3.170 3.050 5107 IQGROUP 3.170 0.080 156.5 3.130 12.63 3.47 279.1 0.560 0.170 0.495 0.470 5199 HIBISCS 0.490 0.020 57475.2 0.487 3.14 — 707.5
1.513 0.868 1.400 1.370 7152 JAYCORP 1.380 UNCH 161.1 1.385 8.99 7.25 189.4 1.276 0.856 0.905 0.905 7033 HIGHTEC 0.905 -0.035 0.2 0.905 9.68 3.87 36.8
0.740 0.505 0.650 0.620 8931 JERASIA 0.650 0.030 242.5 0.633 8.66 — 53.3 1.000 0.637 0.930 0.930 8443 HIL 0.930 UNCH 50 0.930 20.48 1.61 259.2
2.717 2.112 2.240 2.180 5247 KAREX 2.210 -0.010 677.3 2.211 55.53 0.90 2,215.2 0.405 0.270 0.380 0.380 5165 HOKHENG 0.380 0.020 24 0.380 35.51 — 30.4
4.410 2.968 4.070 4.000 7216 KAWAN 4.070 0.030 104.6 4.038 28.22 0.61 1,097.4 0.055 0.020 0.035 0.030 2739 HUAAN 0.035 UNCH 548.2 0.035 — — 39.3
0.260 0.025 0.210 0.195 8303 KFM 0.205 0.015 921.7 0.202 — — 14.0 3.410 2.590 2.760 2.730 5000 HUMEIND 2.750 -0.010 151.4 2.747 36.14 1.09 1,317.5
0.835 0.711 0.785 0.760 6203 KHEESAN 0.760 UNCH 54.9 0.769 14.48 1.32 79.0 0.080 0.045 0.060 0.055 9601 HWGB 0.055 UNCH 550.1 0.056 — — 54.9
2.700 1.827 — — 7062 KHIND 2.280 — — — 9.19 4.39 91.3 0.920 0.730 0.820 0.785 9687 IDEALUBB 0.790 UNCH 112 0.793 42.25 — 87.3
1.510 1.000 1.410 1.410 0002 KOTRA 1.410 UNCH 21.1 1.410 19.83 1.42 187.3 2.147 1.794 2.030 2.020 7222 IMASPRO 2.030 UNCH 26 2.020 17.73 1.72 162.4
0.125 0.035 0.060 0.055 5172 KSTAR 0.055 -0.005 705.5 0.056 — — 14.7 0.300 0.185 0.205 0.185 7183 IRETEX 0.195 UNCH 4291 0.194 — — 26.2
6.080 4.509 5.700 5.600 7006 LATITUD 5.700 0.030 65.4 5.657 7.78 2.11 554.1 0.115 0.055 0.070 0.065 7223 JADI 0.070 UNCH 531.8 0.066 28.00 — 65.9
0.950 0.785 0.910 0.880 9385 LAYHONG 0.910 0.005 400.8 0.896 0.65 0.55 554.0 0.170 0.140 — — 8648 JASKITA 0.160 — — — — 1.88 71.9
0.330 0.270 0.310 0.305 8079 LEESK 0.305 UNCH 192 0.306 9.19 — 51.2 0.115 0.055 — — 2747 JAVA 0.080 — — — — — 13.9
3.520 1.909 3.400 3.340 7089 LIIHEN 3.400 0.020 614.9 3.358 8.18 4.71 612.0 1.280 0.892 — — 7043 JMR 0.980 — — — 1960 — 124.2
0.810 0.710 0.740 0.725 7126 LONBISC 0.740 UNCH 1469.4 0.730 7.43 — 138.0 1.480 0.840 1.380 1.310 7167 JOHOTIN 1.370 0.060 1590.1 1.356 7.60 1.09 340.9
1.577 1.230 — — 7085 LTKM 1.310 — — — 16.42 2.29 170.4 1.528 1.035 1.220 1.190 4383 JTIASA 1.220 -0.010 3476.1 1.203 29.47 1.07 1,187.9
5.100 3.764 5.100 4.960 7087 MAGNI 5.020 0.050 150.4 5.044 8.42 2.79 816.9 0.245 0.160 0.230 0.225 0054 KARYON 0.225 UNCH 775.5 0.226 22.96 1.78 107.0
0.060 0.015 0.025 0.025 5189 MAXWELL 0.025 UNCH 542.7 0.025 — — 10.0 1.187 0.690 0.800 0.780 7199 KEINHIN 0.800 0.020 45 0.785 10.36 1.88 79.2
1.196 1.000 — — 5886 MBG 1.050 — — — 24.48 4.76 63.8 0.735 0.340 0.400 0.400 6211 KIALIM 0.400 -0.040 10 0.400 — — 24.8
1.637 1.176 1.490 1.470 3662 MFLOUR 1.480 UNCH 223.4 1.482 10.47 4.39 814.4 3.408 2.770 2.990 2.980 3522 KIANJOO 2.980 UNCH 28 2.981 10.29 0.67 1,323.6
1.030 0.800 — — 7935 MILUX 0.900 — — — — — 49.0 2.060 1.535 1.990 1.930 5371 KIMHIN 1.940 -0.050 168.1 1.951 12.99 3.09 301.9
5.050 4.420 4.450 4.420 5202 MSM 4.430 UNCH 114.7 4.435 25.79 5.42 3,114.2 0.105 0.025 0.040 0.035 5060 KINSTEL 0.040 UNCH 5400 0.040 — — 42.0
0.070 0.025 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.700 1.090 1.290 1.230 9466 KKB 1.280 0.040 122 1.242 — 3.13 330.0
1.438 1.200 1.300 1.280 3921 MWE 1.300 UNCH 4.7 1.299 — — 301.0 0.520 0.305 0.320 0.305 7164 KNM 0.315 0.005 13471 0.313 — — 679.2
80.359 71.399 76.020 75.700 4707 NESTLE 76.020 0.320 3.2 75.976 26.61 3.55 17,826.7 1.136 0.751 0.900 0.895 6971 KOBAY 0.895 UNCH 32 0.900 38.41 2.23 91.4
3.600 2.504 3.560 3.530 7060 NHFATT 3.550 0.010 42.1 3.550 10.68 3.10 266.8 0.533 0.270 0.295 0.290 7017 KOMARK 0.295 UNCH 399.3 0.293 — — 36.8
0.130 0.070 0.090 0.085 7139 NICE 0.090 UNCH 581.3 0.086 25.71 — 27.2 7.015 5.794 6.280 6.220 7153 KOSSAN 6.220 -0.070 234.7 6.226 23.27 1.85 3,977.5
0.360 0.255 0.275 0.265 7215 NIHSIN 0.270 0.005 443.1 0.270 — — 64.4 0.600 0.345 0.460 0.460 7130 KPOWER 0.460 UNCH 2 0.460 — — 25.9
1.041 0.781 0.855 0.845 5066 NTPM 0.845 -0.010 36.8 0.851 17.98 2.84 949.1 5.350 4.661 5.140 5.050 3476 KSENG 5.100 0.060 98.9 5.085 — 1.96 1,843.5
0.753 0.345 0.530 0.520 7071 OCR 0.525 UNCH 1524.5 0.525 — — 125.4 0.520 0.350 0.430 0.420 5192 KSSC 0.425 0.005 148.9 0.423 14.36 1.88 40.8
0.180 0.040 0.180 0.160 7071PA OCR-PA 0.170 -0.005 16437.1 0.170 — — 112.4 0.555 0.295 0.525 0.490 8362 KYM 0.505 UNCH 416.3 0.505 — — 75.7
2.518 1.370 1.500 1.490 7107 OFI 1.490 -0.010 18 1.492 19.71 2.68 357.6 9.241 6.470 6.690 6.590 3794 LAFMSIA 6.600 UNCH 128.4 6.624 73.33 3.03 5,608.0
7.456 6.425 6.660 6.580 4006 ORIENT 6.600 UNCH 59.6 6.602 14.73 2.73 4,094.6 0.710 0.437 0.675 0.645 9326 LBALUM 0.670 0.025 1623.2 0.664 7.58 2.99 166.5
3.015 1.849 3.000 2.790 7052 PADINI 2.990 0.200 6123.3 2.925 12.64 3.34 1,967.1 0.707 0.460 0.550 0.530 5092 LCTH 0.540 0.010 1162.8 0.546 10.82 7.41 194.4
38.422 24.350 32.180 31.260 3719 PANAMY 31.800 -0.580 48.2 31.753 13.44 4.37 1,931.7 0.615 0.407 0.565 0.545 5232 LEONFB 0.565 0.015 491.3 0.554 8.28 2.65 175.2
0.787 0.338 0.535 0.535 5022 PAOS 0.535 -0.010 19.5 0.535 31.85 3.12 96.9 0.150 0.100 0.135 0.135 8745 LEWEKO 0.135 UNCH 50 0.135 — — 43.5
0.650 0.240 0.475 0.460 9407 PARAGON 0.470 -0.010 127 0.468 5.20 — 32.9 0.080 0.020 0.045 0.040 2887 LIONDIV 0.045 0.005 559.8 0.043 — — 62.6
0.710 0.310 0.390 0.340 6068 PCCS 0.390 0.060 168.8 0.363 — — 23.4 0.645 0.220 0.620 0.580 4235 LIONIND 0.615 0.035 5390.7 0.602 — — 441.5
1.060 0.700 0.900 0.840 5231 PELIKAN 0.880 -0.060 753.1 0.882 19.82 — 486.9 0.570 0.135 0.500 0.460 9881 LSTEEL 0.480 0.030 452.6 0.484 13.99 — 61.5
0.208 0.145 0.160 0.160 4081 PMCORP 0.160 0.005 11.7 0.160 13.91 — 123.7 0.095 0.050 0.090 0.080 5068 LUSTER 0.090 UNCH 25458 0.088 — — 155.9
0.569 0.441 0.465 0.465 5080 POHKONG 0.465 UNCH 357.7 0.465 15.35 2.15 190.8 3.738 3.400 — — 9199 LYSAGHT 3.620 — — — 10.90 4.14 150.5
1.880 1.356 1.830 1.810 7088 POHUAT 1.830 0.020 201.2 1.819 8.30 4.37 415.1 1.060 0.355 0.795 0.760 5098 MASTEEL 0.795 0.035 1617 0.782 9.15 — 194.4
16.701 15.147 16.600 16.440 4065 PPB 16.600 0.060 188 16.573 22.11 1.51 19,679.3 0.660 0.475 0.590 0.570 7029 MASTER 0.590 -0.030 23 0.571 10.99 1.69 32.2
0.735 0.490 0.640 0.600 7190 PPG 0.640 0.030 317.3 0.616 10.21 2.16 64.0 1.160 0.765 1.120 1.100 5152 MBL 1.110 -0.010 529.7 1.115 9.54 3.60 102.1
1.695 1.262 1.370 1.350 8966 PRLEXUS 1.370 0.010 886.9 1.352 8.12 2.19 244.6 0.920 0.630 0.760 0.730 7004 MCEHLDG 0.760 -0.010 43.6 0.751 — — 33.7
0.910 0.636 0.870 0.850 7134 PWF 0.855 -0.020 637.8 0.857 23.49 3.18 142.5 0.660 0.210 0.320 0.290 3778 MELEWAR 0.315 0.015 770.7 0.308 — — 71.0
2.671 1.843 2.200 2.150 7237 PWROOT 2.180 0.020 56.7 2.158 16.42 4.59 717.9 0.680 0.485 0.620 0.600 5223 MENTIGA 0.620 0.010 82 0.604 28.44 1.61 43.4
4.560 4.123 4.560 4.510 7084 QL 4.550 0.100 1025.6 4.543 30.07 0.93 5,678.5 1.426 1.062 1.350 1.320 8192 MERCURY 1.320 0.010 88.6 1.337 8.87 9.09 53.0
2.000 1.450 1.730 1.690 9946 REX 1.710 -0.020 231 1.711 — — 105.4 1.850 1.595 1.730 1.690 6149 METROD 1.690 -0.040 23 1.728 13.42 3.55 202.8
1.620 1.006 1.600 1.550 5252 SASBADI 1.550 -0.020 960.4 1.565 22.40 1.45 433.1 2.060 0.800 2.050 1.980 5001 MIECO 2.020 -0.030 1277.9 2.026 10.95 4.95 424.2
0.467 0.270 — — 5157 SAUDEE 0.325 — — — — — 39.0 0.110 0.065 0.105 0.100 7219 MINETEC 0.105 UNCH 2101.5 0.103 — — 73.0
1.250 0.810 1.050 1.030 7180 SERNKOU 1.030 -0.040 5 1.047 — — 123.6 0.784 0.535 0.595 0.580 5576 MINHO 0.595 0.015 299.4 0.590 11.85 — 130.7
1.430 0.550 0.625 0.620 7165 SGB 0.625 0.005 7 0.624 — — 91.3 4.490 2.270 3.650 3.550 5916 MSC 3.590 -0.040 223.9 3.609 14.65 — 359.0
0.120 0.055 0.095 0.095 7165PA SGB-PA 0.095 UNCH 830 0.095 — — 44.9 2.357 1.400 1.490 1.480 3883 MUDA 1.480 -0.010 663.4 1.485 24.03 2.03 451.5
2.131 1.565 1.620 1.610 7412 SHH 1.610 -0.010 36.3 1.620 8.84 6.21 80.5 1.200 0.230 0.845 0.810 5087 MYCRON 0.840 0.015 3053.8 0.833 7.56 — 238.2
1.041 0.800 0.880 0.855 7246 SIGN 0.875 0.015 415.5 0.862 4.70 5.71 210.3 0.240 0.035 0.120 0.120 7002 NAKA 0.120 -0.015 1.4 0.120 — — 6.6
0.145 0.035 0.115 0.110 8532 SINOTOP 0.110 -0.005 1052.5 0.112 122.22 — 217.2 0.645 0.100 0.200 0.200 5025 NWP 0.200 0.005 722.8 0.200 — — 70.4
0.405 0.175 0.225 0.220 7943 SNC 0.225 0.005 14.2 0.224 10.09 — 14.9 0.775 0.492 0.720 0.695 4944 NYLEX 0.720 0.025 863 0.713 10.00 2.78 139.9
2.682 2.175 2.330 2.300 7103 SPRITZER 2.310 -0.020 831.9 2.308 12.45 2.38 417.3 1.400 0.911 1.400 1.340 7140 OKA 1.390 0.040 887.2 1.375 9.80 3.60 222.5
1.500 0.990 1.440 1.320 7186 SWSCAP 1.330 -0.070 869.9 1.380 51.35 0.75 194.0 1.150 0.865 0.985 0.985 5065 ORNA 0.985 0.005 25 0.985 9.25 3.05 74.1
0.680 0.500 0.590 0.575 7082 SYF 0.590 UNCH 1283.4 0.585 9.23 1.69 361.9 0.095 0.050 — — 7225 PA 0.070 — — — — — 66.3
0.505 0.280 0.425 0.400 7211 TAFI 0.400 -0.005 111 0.408 — — 32.0 7.590 5.887 7.330 7.200 5183 PCHEM 7.300 0.050 9721.2 7.260 20.28 2.60 58,400.0
2.391 1.660 1.740 1.680 4405 TCHONG 1.700 0.040 185.6 1.707 — 2.35 1,142.4 2.045 1.472 1.630 1.600 5271 PECCA 1.610 -0.020 104.8 1.603 17.06 2.48 302.7
1.402 0.610 0.655 0.620 7200 TEKSENG 0.650 0.030 6016.4 0.643 3.95 3.08 226.3 0.801 0.565 0.640 0.640 9997 PENSONI 0.640 -0.005 0.1 0.640 9.98 4.69 83.0
1.383 0.955 1.060 1.030 7252 TEOSENG 1.060 0.030 660 1.044 13.95 2.36 318.0 7.060 5.136 7.030 6.940 5436 PERSTIM 7.030 0.080 38.4 6.996 13.32 5.69 698.1
1.476 1.201 1.340 1.340 9369 TGL 1.340 -0.040 2 1.340 18.33 5.60 54.6 0.150 0.050 0.080 0.065 5146 PERWAJA 0.080 0.010 4268.6 0.074 — — 44.8
0.560 0.400 0.450 0.440 7230 TOMEI 0.450 0.010 30 0.445 8.67 — 62.4 22.350 19.720 20.060 19.920 6033 PETGAS 20.000 -0.020 2004.7 20.013 22.76 3.10 39,574.6
0.560 0.420 0.500 0.495 7176 TPC 0.500 UNCH 169.2 0.500 26.74 — 116.9 6.660 3.510 6.280 6.200 3042 PETRONM 6.210 -0.040 236.7 6.237 7.06 3.22 1,676.7
7.264 4.430 5.630 5.490 4588 UMW 5.600 0.060 689.2 5.563 — 3.57 6,542.4 2.731 1.630 2.040 1.980 7095 PIE 2.030 0.080 190.3 2.003 27.58 1.18 779.6
2.320 1.843 2.250 2.210 7757 UPA 2.250 0.010 5 2.226 13.39 4.00 179.1 1.720 0.900 1.720 1.690 7172 PMBTECH 1.690 0.010 115.4 1.708 15.01 2.37 135.2
0.995 0.641 0.905 0.905 7203 WANGZNG 0.905 -0.025 128 0.905 10.27 2.76 144.8 2.550 0.726 2.550 2.490 8869 PMETAL 2.520 0.040 9613 2.521 23.03 1.84 9,341.7
0.055 0.020 0.035 0.030 5156 XDL 0.035 0.005 2127 0.030 31.82 — 94.3 0.575 0.430 0.520 0.510 6637 PNEPCB 0.520 0.015 24.6 0.512 20.55 — 68.4
0.480 0.360 — — 7121 XIANLNG 0.400 — — — — — 29.1 0.400 0.270 0.310 0.310 8117 POLY 0.310 UNCH 1 0.310 42.47 — 49.6
0.397 0.075 0.085 0.085 5155 XINQUAN 0.085 UNCH 163 0.085 — 21.53 41.2 1.070 0.825 0.970 0.955 8273 PPHB 0.960 UNCH 348.7 0.961 6.62 — 105.5
2.680 2.043 2.600 2.540 5584 YEELEE 2.570 -0.020 339 2.562 10.95 1.36 487.2 0.365 0.275 — — 9458 PREMIER 0.280 — — — 56.00 — 94.4
1.360 0.480 — — 7184 YEN 1.070 — — — — — 147.1 1.039 0.421 0.900 0.865 9873 PRESTAR 0.890 0.020 920.1 0.885 7.14 2.25 174.1
1.347 0.866 1.110 1.100 5159 YOCB 1.110 UNCH 67 1.108 8.46 3.60 177.6 0.895 0.635 0.880 0.870 7168 PRG 0.880 0.005 147 0.873 26.83 0.57 262.4
2.471 1.800 2.200 2.160 7178 YSPSAH 2.170 -0.060 39.4 2.189 10.59 3.00 292.3 0.135 0.085 0.110 0.105 7123 PWORTH 0.110 0.005 1032 0.109 55.00 — 79.1
1.710 1.174 1.650 1.560 5131 ZHULIAN 1.650 0.090 395.5 1.618 18.23 3.64 759.0 1.640 1.100 — — 7544 QUALITY 1.230 — — — 8.25 — 71.3
INDUSTRIAL PRODUCTS 0.930 0.660 — — 7498 RALCO 0.750 — — — — — 31.5
1.438 0.985 1.310 1.290 0012 3A 1.310 0.020 1085.9 1.297 13.25 1.37 515.6 6.110 5.450 5.710 5.710 7765 RAPID 5.710 UNCH 10 5.710 — — 499.4
0.125 0.085 0.090 0.090 7086 ABLEGRP 0.090 UNCH 573.2 0.090 — — 23.8 0.505 0.315 — — 7232 RESINTC 0.405 — — — 11.47 2.96 55.6
0.530 0.470 — — 7061 ABRIC 0.505 — — — — — 74.3 0.844 0.715 0.775 0.760 7803 RUBEREX 0.775 0.005 347.6 0.768 10.50 2.58 177.7
0.300 0.200 — — 7131 ACME 0.225 — — — — — 49.2 4.400 3.604 4.300 4.200 5134 SAB 4.290 0.070 20.7 4.272 20.18 1.17 587.4
0.910 0.630 0.680 0.680 7191 ADVENTA 0.680 -0.010 0.2 0.680 158.14 — 103.9 7.980 4.880 5.680 5.600 9822 SAM 5.610 0.010 10.3 5.630 13.37 2.67 706.2
2.766 1.776 2.280 2.230 9148 ADVPKG 2.280 0.050 26.1 2.242 16.67 5.26 46.7 1.034 0.827 — — 7811 SAPIND 0.920 — — — 8.73 6.52 67.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
26 Markets T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.627 1.010 1.050 1.020 5170 SCABLE 1.040 0.020 234.9 1.033 17.25 5.77 329.7 1.370 1.100 1.270 1.240 5056 ENGTEX 1.270 0.020 3961.7 1.252 6.38 0.59 401.9
3.600 2.697 3.550 3.530 7247 SCGM 3.530 -0.020 52.2 3.549 21.49 2.55 512.6 0.740 0.540 0.590 0.580 6939 FIAMMA 0.590 0.010 238.7 0.584 12.04 2.54 312.7
0.895 0.520 0.650 0.575 9237 SCIB 0.650 0.090 22.3 0.603 — — 47.8 0.479 0.380 0.410 0.390 9318 FITTERS 0.405 0.015 1435 0.400 45.00 1.48 194.6
7.570 5.921 7.570 7.330 4731 SCIENTX 7.500 0.170 596.4 7.517 16.70 2.13 3,476.7 1.311 1.100 1.180 1.170 7210 FREIGHT 1.180 0.020 7.2 1.178 10.15 4.24 219.7
0.360 0.250 0.305 0.280 7239 SCNWOLF 0.295 -0.010 50.3 0.289 — — 25.8 0.240 0.125 0.230 0.210 0128 FRONTKN 0.230 0.015 25520.6 0.221 26.74 — 242.3
0.525 0.135 0.420 0.370 7366 SCOMIEN 0.415 0.055 1503.4 0.403 — — 142.0 0.290 0.110 — — 9377 FSBM 0.200 — — — — — 28.3
1.034 0.660 0.980 0.925 7073 SEACERA 0.965 -0.030 2075.4 0.945 28.38 3.11 227.7 2.939 2.149 2.920 2.810 5209 GASMSIA 2.920 0.080 396.7 2.851 22.71 2.74 3,749.3
0.265 0.140 0.170 0.160 5145 SEALINK 0.165 UNCH 907 0.166 — — 82.5 1.760 1.452 1.650 1.560 0078 GDEX 1.610 0.040 408 1.596 57.91 0.62 2,244.4
0.540 0.250 0.485 0.445 5163 SEB 0.485 0.045 192.8 0.456 — — 38.8 5.580 4.016 5.320 5.250 4715 GENM 5.290 0.040 6139.4 5.286 10.39 1.38 31,412.3
4.100 1.990 3.900 3.700 4324 SHELL 3.720 -0.100 1730.1 3.767 5.05 — 1,116.0 9.850 7.550 9.240 9.120 3182 GENTING 9.120 -0.130 3178.1 9.162 15.82 0.38 34,200.2
0.660 0.395 0.645 0.600 5181 SIGGAS 0.625 0.010 420.4 0.629 19.65 1.92 117.2 3.130 1.163 2.990 2.940 3204 GKENT 2.990 0.050 1004.4 2.963 14.21 2.61 1,122.8
0.795 0.505 — — 7115 SKBSHUT 0.790 — — — 90.80 — 31.6 0.510 0.300 0.460 0.450 7676 GUNUNG 0.460 0.005 119 0.450 — — 108.6
1.440 1.083 1.370 1.340 7155 SKPRES 1.360 -0.010 5708.9 1.353 17.82 2.57 1,636.1 4.490 2.238 4.440 4.380 7668 HAIO 4.440 0.050 105.7 4.418 18.45 3.60 897.7
3.046 1.916 — — 7248 SLP 2.360 — — — 22.96 1.91 583.7 0.310 0.200 0.265 0.245 7253 HANDAL 0.265 0.025 110 0.255 — — 42.4
0.740 0.585 — — 7132 SMISCOR 0.620 — — — — 4.03 27.8 9.420 6.884 9.020 8.960 3034 HAPSENG 8.960 -0.080 254.3 8.975 20.89 3.91 22,307.5
1.540 0.690 1.490 1.440 5665 SSTEEL 1.490 0.050 447.6 1.472 — — 630.7 1.315 0.755 0.820 0.780 2062 HARBOUR 0.815 0.035 292.8 0.792 6.80 2.45 326.3
0.395 0.065 0.145 0.130 7143 STONE 0.145 0.015 282.1 0.142 — — 13.0 3.720 2.665 3.320 3.200 5008 HARISON 3.270 -0.050 24.2 3.275 12.77 4.59 224.0
1.800 1.360 1.410 1.410 6904 SUBUR 1.410 -0.010 3 1.410 — — 294.7 0.150 0.100 0.120 0.110 7013 HUBLINE 0.115 UNCH 4983.1 0.115 — — 72.8
3.060 1.535 2.990 2.970 7207 SUCCESS 2.980 0.020 72.7 2.980 11.28 1.68 365.6 0.480 0.295 0.465 0.465 5255 ICON 0.465 UNCH 2241.5 0.465 — — 547.4
2.610 1.768 2.570 2.530 7235 SUPERLN 2.550 UNCH 63.6 2.549 10.60 1.96 204.0 6.759 5.820 6.040 5.890 5225 IHH 5.920 -0.090 8874.9 5.937 79.57 0.51 48,731.9
2.895 1.990 2.040 2.010 7106 SUPERMX 2.010 UNCH 719.8 2.016 18.16 2.99 1,367.1 0.920 0.725 0.825 0.825 5614 ILB 0.825 UNCH 10 0.825 — 3.03 146.9
4.415 3.365 3.880 3.700 5012 TAANN 3.800 -0.080 1708.3 3.772 10.98 2.41 1,690.4 1.000 0.745 — — 5673 IPMUDA 0.790 — — — — 3.80 57.3
0.545 0.285 0.395 0.390 4022 TADMAX 0.395 UNCH 377.3 0.390 — — 193.4 2.190 1.340 2.000 2.000 0058 JCBNEXT 2.000 0.020 1 2.000 28.74 1.75 280.0
0.515 0.235 0.345 0.330 5149 TAS 0.345 0.010 160.9 0.337 — — 62.1 0.300 0.210 0.275 0.265 8923 JIANKUN 0.265 -0.010 90 0.269 — — 40.2
15.100 12.500 13.100 12.960 4448 TASEK 13.100 0.140 15.8 13.040 31.63 9.16 1,619.4 0.430 0.295 0.350 0.340 8672 KAMDAR 0.340 -0.010 31.2 0.350 — — 67.3
14.940 14.000 — — 4448P TASEK-PA 14.000 — — — — 5.00 4.7 0.380 0.180 0.200 0.200 5079 KBES 0.200 -0.025 10 0.200 — — 25.2
0.190 0.090 — — 5178 TATGIAP 0.120 — — — — — 18.6 1.897 1.687 1.800 1.780 6491 KFIMA 1.780 -0.010 326.4 1.790 8.23 5.06 502.4
0.535 0.240 0.535 0.430 7097 TAWIN 0.535 0.080 732.3 0.501 — — 34.4 0.445 0.226 0.420 0.400 0151 KGB 0.420 0.015 1260.5 0.416 10.63 1.19 93.4
2.920 1.020 2.150 2.130 7439 TECGUAN 2.150 0.020 29.1 2.131 7.63 — 86.2 1.457 1.020 1.280 1.220 5035 KNUSFOR 1.230 -0.040 175.6 1.248 — 1.63 122.6
1.010 0.595 0.905 0.885 9741 TECNIC 0.905 0.025 41 0.897 14.69 — 36.6 4.328 3.970 4.100 4.060 5878 KPJ 4.100 UNCH 50.9 4.095 29.95 1.71 4,362.3
0.415 0.285 0.335 0.335 6378 TEKALA 0.335 -0.035 3 0.335 — — 51.2 1.380 0.923 1.170 1.140 5843 KPS 1.170 -0.010 598 1.157 4.71 3.42 583.8
4.870 2.876 4.460 4.400 7034 TGUAN 4.440 -0.020 708.6 4.433 7.96 1.35 531.4 0.650 0.485 0.525 0.515 9121 KPSCB 0.525 UNCH 27 0.520 4.78 — 77.6
2.208 1.517 2.090 2.030 7374 TIENWAH 2.050 0.020 345.2 2.058 8.75 5.85 296.7 0.220 0.115 0.135 0.130 4847 KTB 0.135 -0.005 663 0.135 — — 54.4
0.690 0.560 0.680 0.680 7854 TIMWELL 0.680 0.010 0.3 0.680 — — 60.6 0.495 0.256 0.470 0.455 6874 KUB 0.465 0.005 1768 0.462 11.77 1.08 258.8
2.020 1.521 1.800 1.690 7285 TOMYPAK 1.800 UNCH 1658.3 1.744 13.24 4.22 297.1 0.380 0.255 0.325 0.300 7170 LFECORP 0.325 0.020 1146.7 0.316 31.86 — 59.0
2.410 1.734 2.410 2.300 5010 TONGHER 2.360 0.200 205.1 2.351 14.79 6.36 371.5 0.735 0.420 0.515 0.495 8486 LIONFIB 0.515 UNCH 32.5 0.500 — — 119.3
5.495 4.130 5.120 5.050 7113 TOPGLOV 5.100 0.070 1672.5 5.103 20.89 2.84 6,403.5 1.801 1.376 1.590 1.570 5143 LUXCHEM 1.580 UNCH 132 1.580 9.78 4.43 435.3
0.680 0.495 0.650 0.650 7173 TOYOINK 0.650 0.050 60 0.650 27.78 — 69.6 2.455 2.080 2.190 2.170 3859 MAGNUM 2.170 -0.010 221.4 2.180 16.18 5.99 3,119.9
0.270 0.145 0.180 0.170 4359 TURIYA 0.180 0.015 108.9 0.173 — — 41.2 1.756 1.140 1.210 1.150 5264 MALAKOF 1.200 0.050 13703.2 1.188 16.90 4.58 6,000.0
1.850 1.353 1.800 1.800 7100 UCHITEC 1.800 UNCH 330 1.800 12.61 6.11 798.7 0.170 0.145 0.160 0.155 3514 MARCO 0.160 0.005 3605.6 0.159 9.94 4.38 168.7
6.754 3.331 4.360 4.200 7133 ULICORP 4.280 -0.120 15.1 4.253 19.97 2.80 621.5 6.420 5.184 6.320 6.280 6012 MAXIS 6.310 UNCH 887.7 6.308 23.54 3.17 47,390.1
1.460 0.890 1.290 1.250 7227 UMSNGB 1.260 -0.020 81 1.260 9.14 2.38 100.8 1.000 0.510 0.735 0.715 5077 MAYBULK 0.730 0.010 256 0.728 — — 730.0
1.700 0.610 1.370 1.340 4995 VERSATL 1.360 0.010 2434.5 1.366 — — 159.6 2.670 1.927 2.460 2.350 5983 MBMR 2.450 UNCH 918 2.438 15.44 2.45 957.7
1.629 1.116 1.580 1.550 6963 VS 1.560 UNCH 3071.8 1.566 19.92 2.65 1,852.0 1.520 1.000 1.330 1.330 7189 MBWORLD 1.330 -0.040 4 1.330 187.32 — 127.2
0.940 0.631 0.875 0.830 5142 WASEONG 0.865 -0.040 2835.3 0.853 — 1.73 670.3 1.471 1.000 1.040 1.020 4502 MEDIA 1.030 UNCH 87.1 1.037 — 8.74 1,142.5
0.485 0.290 0.380 0.380 7226 WATTA 0.380 0.020 0.1 0.380 — — 32.1 0.757 0.590 0.625 0.610 5090 MEDIAC 0.610 -0.005 340.9 0.610 13.44 7.02 1,029.2
1.960 1.402 1.930 1.920 7111 WEIDA 1.920 0.010 499.1 1.927 8.58 1.56 256.0 0.780 0.550 0.590 0.590 7234 MESB 0.590 -0.005 10 0.590 22.18 — 24.8
2.502 1.764 1.940 1.900 7231 WELLCAL 1.940 0.040 35.8 1.922 20.00 4.74 643.4 2.970 1.618 2.970 2.890 3069 MFCB 2.970 0.060 713.1 2.939 8.65 2.36 1,193.6
0.740 0.490 0.645 0.630 7050 WONG 0.645 0.020 42.1 0.630 81.65 — 59.1 1.340 0.840 0.945 0.935 5186 MHB 0.935 -0.005 468 0.938 — — 1,496.0
0.685 0.405 — — 7025 WOODLAN 0.555 — — — 10.76 — 22.2 8.652 6.614 7.480 7.320 3816 MISC 7.320 -0.100 760.5 7.380 12.64 4.44 32,675.0
2.287 1.882 2.010 2.000 5009 WTHORSE 2.010 -0.020 9.5 2.005 10.34 4.98 482.4 2.650 1.589 2.540 2.480 2194 MMCCORP 2.500 -0.010 1690.2 2.500 — 1.52 7,612.6
1.399 0.980 1.000 0.980 4243 WTK 1.000 0.005 1683.2 0.989 12.18 2.49 481.3 0.432 0.205 0.265 0.250 0059 MMODE 0.265 0.010 26.2 0.259 — 2.26 43.1
1.300 0.899 1.250 1.190 7245 WZSATU 1.250 0.030 380.1 1.214 15.94 1.60 436.1 0.100 0.060 0.080 0.070 0043 MTRONIC 0.075 UNCH 38000.4 0.075 6.47 — 56.9
1.080 0.780 — — 5048 YILAI 0.790 — — — 16.53 — 126.4 0.195 0.115 0.160 0.160 3891 MUIIND 0.160 UNCH 1235.1 0.160 — — 469.2
0.400 0.160 0.225 0.205 7020 YKGI 0.225 -0.025 2773.3 0.216 62.50 — 78.4 0.299 0.195 0.255 0.245 3905 MULPHA 0.250 0.010 4302.6 0.249 22.52 — 799.0
0.750 0.380 0.450 0.440 7014 YLI 0.440 -0.010 66.3 0.446 14.19 — 45.3 1.700 1.385 1.700 1.630 0138 MYEG 1.690 0.060 23352.5 1.662 30.84 0.81 6,094.7
CONSTRUCTION 0.510 0.305 0.445 0.440 9806 NATWIDE 0.445 0.010 17 0.442 — — 53.5
0.535 0.280 0.470 0.450 7007 ARK 0.470 0.040 15.5 0.457 — — 22.9 0.115 0.065 0.090 0.085 4464 NICORP 0.090 UNCH 144.4 0.090 2.47 — 77.7
0.752 0.553 0.680 0.675 7078 AZRB 0.680 0.005 655.5 0.679 13.49 2.94 328.8 0.878 0.640 0.750 0.710 5533 OCB 0.750 -0.005 26.6 0.734 13.94 1.33 77.1
0.840 0.591 0.815 0.805 6173 BDB 0.810 0.005 593.1 0.810 7.25 5.56 246.1 0.860 0.681 0.825 0.805 0172 OCK 0.820 UNCH 1907.5 0.820 15.41 0.73 714.6
0.537 0.351 0.475 0.450 5190 BENALEC 0.470 0.020 2048.3 0.465 16.38 1.49 381.5 2.480 1.308 2.450 2.340 5201 OLDTOWN 2.430 0.050 5220.8 2.399 15.73 2.47 1,125.7
0.510 0.360 0.450 0.430 5932 BPURI 0.435 -0.015 715.9 0.434 — — 108.4 0.125 0.070 0.105 0.095 3018 OLYMPIA 0.100 0.005 3861.5 0.100 — — 102.3
0.906 0.790 0.815 0.810 8761 BREM 0.815 UNCH 30 0.812 38.63 — 281.6 2.540 1.890 1.920 1.900 5260 OWG 1.900 -0.010 666.1 1.910 53.37 — 461.5
0.975 0.805 0.950 0.910 8591 CRESBLD 0.945 0.010 55.8 0.917 — 4.23 167.2 0.459 0.390 0.420 0.400 8419 PANSAR 0.420 0.020 129 0.408 13.08 4.76 117.6
1.920 1.460 1.900 1.880 7528 DKLS 1.900 UNCH 33.5 1.895 8.25 1.58 176.1 0.495 0.435 0.480 0.470 5125 PANTECH 0.475 0.005 795.4 0.475 13.05 3.26 351.3
2.200 0.968 2.080 2.050 5253 ECONBHD 2.080 UNCH 144.5 2.062 15.00 1.92 1,112.8 1.057 0.610 0.655 0.635 5657 PARKSON 0.640 UNCH 1098.3 0.642 — — 700.1
1.260 0.366 1.260 1.150 8877 EKOVEST 1.260 0.090 22024 1.214 11.84 0.95 2,695.4 1.270 1.013 1.230 1.190 5041 PBA 1.220 -0.020 764.8 1.207 7.52 3.07 404.1
0.705 0.482 0.670 0.650 7047 FAJAR 0.670 0.020 2652.3 0.664 37.85 3.73 243.0 0.135 0.055 0.070 0.065 6254 PDZ 0.065 UNCH 2966 0.065 — — 56.5
1.305 0.885 1.110 1.080 9261 GADANG 1.100 0.020 3734.3 1.094 6.70 2.55 712.2 1.304 0.881 1.050 0.995 5133 PENERGY 1.050 0.055 374.7 1.032 — 1.90 337.8
4.980 4.272 4.970 4.900 5398 GAMUDA 4.950 0.040 3442.9 4.935 19.05 2.42 12,007.4 1.550 1.540 — — 7108 PERDANA 1.540 — — — — — 1,198.8
1.200 0.800 1.000 0.995 5226 GBGAQRS 0.995 -0.005 804.6 0.998 17.21 — 389.0 0.280 0.040 0.075 0.070 0047 PERISAI 0.070 UNCH 3575.2 0.070 — — 88.3
0.965 0.710 0.760 0.750 5169 HOHUP 0.755 UNCH 169.2 0.753 4.00 — 283.0 0.220 0.115 0.170 0.155 7080 PERMAJU 0.170 0.005 607 0.164 — — 33.3
2.103 1.580 1.680 1.650 6238 HSL 1.660 UNCH 21.7 1.659 13.74 1.45 967.2 1.760 1.413 1.730 1.690 5219 PESTECH 1.720 UNCH 648.2 1.701 30.12 1.02 1,313.0
3.534 3.043 3.380 3.330 3336 IJM 3.350 UNCH 5727 3.351 26.07 2.09 12,089.3 25.700 21.786 25.700 24.500 5681 PETDAG 24.980 0.480 372.8 24.962 27.23 2.80 24,816.5
0.804 0.565 0.580 0.565 5268 IKHMAS 0.580 0.005 867.3 0.571 18.71 1.72 301.6 0.250 0.030 — — 7027 PETONE 0.055 — — — — — 2.8
0.710 0.480 — — 8834 IREKA 0.670 — — — — — 114.5 6.106 4.690 4.900 4.750 7081 PHARMA 4.890 0.060 24 4.840 27.77 3.27 1,268.4
1.400 0.805 1.190 1.100 4723 JAKS 1.160 0.080 18489.6 1.153 9.42 — 508.5 0.215 0.125 0.170 0.160 7201 PICORP 0.165 -0.025 1819.3 0.163 — 3.70 108.6
0.410 0.195 0.375 0.365 9083 JETSON 0.370 0.005 687.3 0.370 — — 69.5 0.370 0.205 0.260 0.260 7163 PJBUMI 0.260 UNCH 2.6 0.260 — — 13.0
2.520 1.612 2.490 2.460 7161 KERJAYA 2.480 -0.020 367.2 2.474 6.75 1.61 1,267.7 4.510 1.968 4.400 4.350 4634 POS 4.390 -0.010 309 4.383 30.92 2.67 3,436.4
2.260 1.472 2.170 2.150 5171 KIMLUN 2.160 0.020 449.5 2.161 8.27 2.69 670.2 3.020 1.690 2.220 2.130 5204 PRESBHD 2.200 0.080 1631.2 2.195 119.57 1.36 1,064.8
1.540 1.010 — — 9628 LEBTECH 1.510 — — — — — 206.1 2.610 1.640 1.980 1.870 8346 PRKCORP 1.870 -0.100 20.4 1.919 — — 187.0
1.270 0.660 0.865 0.835 5129 MELATI 0.865 0.025 11 0.841 3.49 2.02 103.8 0.210 0.155 0.180 0.175 0186 PTRANS 0.180 UNCH 2243.9 0.178 6.67 — 205.7
0.385 0.240 — — 5006 MERGE 0.300 — — — 3000 — 20.1 1.100 0.756 0.865 0.840 5272 RANHILL 0.850 0.025 2261.6 0.852 11.15 6.82 755.1
1.470 1.079 1.290 1.270 9571 MITRA 1.280 0.020 1096.9 1.276 8.62 3.91 857.3 0.360 0.150 0.285 0.270 0037 RGB 0.280 0.005 20227.1 0.279 13.86 1.96 372.5
1.010 0.465 0.920 0.910 7595 MLGLOBAL 0.920 UNCH 150.4 0.913 7.94 — 337.3 0.450 0.315 0.325 0.325 8885 RPB 0.325 -0.015 50 0.325 — — 279.0
0.440 0.230 0.360 0.340 5924 MTDACPI 0.360 0.010 491.1 0.353 327.27 — 83.4 0.665 0.528 0.615 0.605 8567 SALCON 0.610 0.005 2520.7 0.611 — 3.28 413.4
1.450 0.725 0.820 0.800 5085 MUDAJYA 0.820 0.015 203.9 0.811 — — 453.0 1.850 0.606 1.850 1.710 5147 SAMCHEM 1.840 0.140 384.9 1.797 32.34 2.45 250.2
2.560 2.074 2.510 2.460 5703 MUHIBAH 2.470 -0.030 2133 2.468 12.54 2.02 1,190.8 0.200 0.105 0.175 0.170 9113 SANBUMI 0.170 UNCH 210 0.171 — — 38.5
0.715 0.322 0.665 0.650 8311 PESONA 0.665 0.015 1109.5 0.663 24.18 1.50 437.7 2.372 1.954 2.220 2.200 0099 SCICOM 2.220 0.020 1277.6 2.200 17.83 4.05 789.1
1.579 1.132 1.400 1.320 7055 PLB 1.400 0.060 13.1 1.360 — 0.71 127.8 0.205 0.090 0.170 0.155 7158 SCOMI 0.170 0.015 4380.4 0.163 — — 326.0
1.389 1.000 1.090 1.030 5070 PRTASCO 1.070 0.040 5715.9 1.067 7.20 6.54 454.4 0.270 0.130 0.220 0.205 7045 SCOMIES 0.215 0.010 1633.6 0.215 — — 503.5
0.145 0.095 0.135 0.130 7145 PSIPTEK 0.130 UNCH 237.8 0.130 10.00 — 41.2 1.205 0.972 1.050 1.050 7053 SEEHUP 1.050 UNCH 16 1.050 4.80 6.86 54.9
3.653 3.022 3.450 3.450 9598 PTARAS 3.450 0.010 2 3.450 17.04 5.80 565.0 1.177 0.959 1.100 1.080 9792 SEG 1.090 -0.010 754 1.093 28.91 11.93 815.4
0.763 0.405 0.575 0.515 5205 SENDAI 0.565 0.035 18001.2 0.549 — 0.88 437.3 1.970 1.303 1.480 1.450 5250 SEM 1.470 0.010 314.5 1.470 32.96 1.56 1,813.1
1.810 1.318 1.740 1.720 5263 SUNCON 1.720 -0.030 1036.2 1.733 17.99 2.62 2,223.8 1.800 1.510 1.750 1.720 5279 SERBADK 1.730 0.030 3710.5 1.736 — — 2,309.6
0.395 0.300 0.355 0.340 9717 SYCAL 0.340 -0.010 291.8 0.348 16.27 — 108.9 9.300 6.918 9.060 8.950 4197 SIME 9.040 0.080 11697.8 9.007 19.36 2.99 61,479.6
0.513 0.352 0.415 0.400 5054 TRC 0.410 UNCH 470 0.407 6.66 1.59 197.0 0.930 0.660 — — 9431 SJC 0.700 — — — 19.23 1.43 28.4
2.400 1.250 1.850 1.810 5622 TRIPLC 1.850 0.030 43.2 1.820 5.54 — 126.7 2.180 1.290 1.910 1.860 5218 SKPETRO 1.890 -0.010 19615.3 1.885 — 0.71 11,325.2
0.610 0.430 0.500 0.480 5042 TSRCAP 0.500 UNCH 13.7 0.495 15.67 — 87.2 1.429 1.230 1.300 1.300 5242 SOLID 1.300 -0.010 30 1.300 53.06 1.00 216.4
0.135 0.072 0.125 0.110 7070 VIZIONE 0.120 0.005 10668 0.120 120.00 — 105.0 2.607 2.220 2.400 2.380 6084 STAR 2.380 UNCH 313.6 2.389 15.98 7.56 1,757.8
1.350 0.880 1.290 1.200 3565 WCEHB 1.280 0.070 1689.2 1.255 51.61 — 1,283.5 2.700 2.242 — — 9865 SUIWAH 2.600 — — — 16.65 1.35 158.6
1.980 1.392 1.890 1.840 9679 WCT 1.870 -0.020 1404.5 1.860 34.06 1.60 2,363.1 0.140 0.045 0.080 0.075 1201 SUMATEC 0.075 UNCH 8253.1 0.076 10.87 — 290.0
0.855 0.550 0.575 0.575 7028 ZECON 0.575 UNCH 123.5 0.575 1.90 — 68.5 2.320 1.793 2.060 2.020 6521 SURIA 2.030 0.010 57.5 2.036 11.71 3.45 585.0
0.240 0.100 0.135 0.130 2283 ZELAN 0.130 UNCH 317.5 0.130 — — 109.8 0.420 0.245 0.280 0.270 5173 SYSCORP 0.280 0.010 221.6 0.272 311.1 — 336.0
TRADING SERVICES 0.420 0.275 0.420 0.365 7228 T7GLOBAL 0.420 0.060 4110.4 0.401 40.38 — 160.2
0.495 0.245 0.410 0.400 5238 AAX 0.400 -0.010 2149.8 0.401 7.23 — 1,659.3 1.530 1.175 1.520 1.510 8524 TALIWRK 1.520 UNCH 608.6 1.520 25.29 5.26 1,838.4
0.335 0.135 0.145 0.140 5166 AEGB 0.140 -0.005 404 0.142 — 71.43 57.4 1.860 1.372 1.780 1.760 5140 TASCO 1.780 0.030 158.2 1.773 11.27 2.53 356.0
3.000 2.110 2.400 2.260 6599 AEON 2.350 0.090 2500.1 2.358 41.37 — 3,299.4 14.666 13.000 13.540 13.520 5347 TENAGA 13.540 UNCH 7941.1 13.527 10.72 2.36 76,532.6
0.245 0.160 — — 7315 AHB 0.175 — — — 15.77 — 28.0 1.639 1.370 1.460 1.440 8702 TEXCHEM 1.460 0.030 197 1.456 — 13.70 181.2
3.300 1.405 2.690 2.640 5099 AIRASIA 2.660 -0.040 8411.7 2.666 3.63 1.50 8,889.7 0.240 0.060 0.135 0.125 7206 THHEAVY 0.135 -0.005 6075.7 0.131 — — 151.3
7.300 5.599 6.620 6.490 5014 AIRPORT 6.490 0.010 3469.7 6.503 — 1.31 10,768.2 6.840 5.810 6.200 6.130 4863 TM 6.180 0.020 4998.4 6.187 30.00 3.48 23,224.0
0.405 0.185 0.305 0.260 5115 ALAM 0.305 0.010 10001.3 0.282 — — 282.0 0.990 0.630 0.955 0.945 0101 TMCLIFE 0.945 -0.005 211.7 0.946 83.63 0.13 1,640.2
0.270 0.075 0.105 0.100 0159 AMEDIA 0.105 0.005 608.3 0.101 — — 25.1 1.760 1.153 1.590 1.580 8397 TNLOGIS 1.590 -0.010 356.1 1.588 7.31 3.14 677.1
9.528 7.400 8.160 8.100 6351 AMWAY 8.160 0.060 4.4 8.126 24.54 2.45 1,341.4 0.990 0.330 0.880 0.880 7218 TOCEAN 0.880 0.010 20 0.880 104.76 — 36.1
2.378 1.995 — — 7083 ANALABS 2.300 — — — 9.60 1.41 138.1 0.965 0.760 0.775 0.775 5167 TURBO 0.775 -0.005 12 0.775 27.29 6.45 83.7
0.085 0.025 0.045 0.040 5194 APFT 0.040 -0.005 1670 0.040 — — 19.1 3.000 2.490 2.820 2.760 7137 UMS 2.820 0.020 48.4 2.807 13.90 2.13 114.7
0.997 0.500 0.745 0.650 5210 ARMADA 0.730 0.005 92711.5 0.703 — 1.12 4,282.4 1.040 0.605 0.650 0.630 5243 UMWOG 0.650 0.015 2838.8 0.640 — — 1,405.3
0.150 0.100 0.125 0.120 1481 ASB 0.120 -0.010 707 0.123 — 2.08 79.7 1.228 1.006 1.080 1.030 7091 UNIMECH 1.080 -0.020 132.4 1.068 13.50 3.08 140.5
2.946 2.492 2.900 2.830 6399 ASTRO 2.860 0.010 866.4 2.866 21.82 4.78 14,899.2 0.540 0.365 — — 5754 UTUSAN 0.445 — — — — — 49.3
5.093 4.021 4.770 4.680 7048 ATLAN 4.770 -0.060 5 4.713 22.50 4.72 1,209.9 2.040 1.300 1.780 1.720 7250 UZMA 1.750 -0.020 43.4 1.749 11.96 — 509.1
1.100 0.413 1.020 1.000 7579 AWC 1.010 -0.010 1576.7 1.010 12.18 1.49 267.3 0.815 0.630 — — 7240 VOIR 0.650 — — — 60.19 — 85.8
5.933 4.110 4.600 4.430 6888 AXIATA 4.550 0.120 12854.8 4.543 79.82 3.74 40,826.8 2.356 1.680 — — 5016 WARISAN 1.900 — — — — 3.42 127.7
0.407 0.230 0.385 0.360 5021 AYS 0.385 0.015 1583.2 0.378 8.91 4.75 146.5 0.515 0.410 0.490 0.470 7692 WIDETEC 0.490 0.020 38.5 0.482 17.25 — 21.9
0.790 0.605 0.680 0.660 7251 BARAKAH 0.680 0.020 589.5 0.673 22.22 — 561.1 4.511 3.740 4.030 3.950 5246 WPRTS 3.970 -0.040 1202.8 3.971 21.24 3.53 13,537.7
2.373 1.908 2.060 2.020 5248 BAUTO 2.050 -0.010 1623.1 2.040 14.30 5.07 2,364.1 1.074 0.806 1.050 1.010 5267 XINHWA 1.020 UNCH 497 1.031 15.32 1.23 220.3
0.545 0.385 0.450 0.440 7241 BHS 0.445 -0.005 400 0.444 — — 204.0 0.075 0.020 0.055 0.050 7122 YFG 0.050 UNCH 1246 0.051 — — 30.5
0.300 0.170 0.215 0.205 6998 BINTAI 0.215 0.010 269.1 0.212 — — 46.1 3.320 2.499 3.160 3.100 7293 YINSON 3.100 -0.220 250.2 3.131 17.28 0.65 3,387.7
6.912 5.980 6.050 6.020 5032 BIPORT 6.020 -0.010 6 6.036 18.61 3.99 2,769.2 1.500 0.755 1.400 1.370 7066 YONGTAI 1.390 -0.010 1807.9 1.382 23.32 — 604.8
2.000 1.065 1.860 1.820 5275 BISON 1.860 0.020 296.1 1.826 27.51 — 576.7 1.715 1.433 1.550 1.530 4677 YTL 1.530 -0.020 2961.1 1.538 20.51 6.21 16,693.2
0.417 0.306 0.385 0.375 3395 BJCORP 0.385 0.010 19321.8 0.381 — — 1,895.6 FINANCE
2.114 1.222 1.810 1.780 5196 BJFOOD 1.800 -0.010 134.6 1.800 35.64 3.06 681.3 16.200 10.917 15.700 15.240 5139 AEONCR 15.500 -0.200 68.4 15.428 77.11 3.88 2,232.0
0.705 0.560 — — 4219 BJLAND 0.595 — — — — — 2,975.2 2.600 2.053 2.600 2.520 5185 AFFIN 2.550 0.060 2020.7 2.559 10.11 3.14 4,954.5
0.445 0.205 0.390 0.350 6025 BJMEDIA 0.365 0.005 28.7 0.358 — — 85.8 4.197 3.438 3.880 3.810 2488 AFG 3.820 0.010 433.4 3.834 11.10 3.93 5,913.8
3.333 2.763 2.950 2.920 1562 BJTOTO 2.930 0.010 822.6 2.935 13.79 5.80 3,958.5 11.680 9.492 11.340 11.320 1163 ALLIANZ 11.320 -0.020 7.4 11.332 6.22 0.80 1,966.4
0.200 0.145 0.185 0.170 7036 BORNOIL 0.180 0.010 111518 0.178 13.43 — 545.2 11.660 9.464 11.080 11.000 1163PA ALLIANZ-PA 11.000 -0.080 1.8 11.009 — 0.98 964.1
1.070 0.645 0.745 0.685 9474 BRAHIMS 0.735 -0.045 860.6 0.714 — — 173.7 4.680 3.855 4.680 4.550 1015 AMBANK 4.660 0.030 2995.8 4.632 11.04 3.33 14,046.1
2.850 1.749 2.840 2.820 2771 BSTEAD 2.830 UNCH 342.6 2.825 17.27 5.68 5,736.4 1.746 1.300 1.380 1.340 5088 APEX 1.380 -0.070 7.1 1.364 26.59 3.62 294.7
0.520 0.280 0.325 0.325 5257 CARIMIN 0.325 0.005 130 0.325 50.78 — 76.0 4.510 3.453 4.500 4.400 5258 BIMB 4.480 UNCH 647.9 4.474 12.71 2.90 7,337.1
2.000 1.300 1.360 1.340 5245 CARING 1.340 -0.030 93.3 1.349 37.22 1.12 291.7 9.430 8.200 8.910 8.700 1818 BURSA 8.890 0.110 1244.9 8.885 24.63 3.94 4,767.5
3.610 2.850 2.890 2.870 2925 CCB 2.890 0.020 37.6 2.877 7.45 1.73 291.2 5.190 4.035 5.110 5.010 1023 CIMB 5.090 0.120 19159.1 5.083 12.41 3.73 45,140.1
1.044 0.754 0.885 0.875 7117 CENTURY 0.875 -0.010 356.1 0.879 16.51 4.00 340.4 0.420 0.320 — — 2143 ECM 0.355 — — — 80.68 — 101.7
0.489 0.372 — — 7209 CHEETAH 0.405 — — — 60.45 1.85 51.7 1.187 1.111 1.150 1.140 5228 ELKDESA 1.150 UNCH 34.4 1.148 10.59 5.87 279.6
0.560 0.385 0.510 0.500 7016 CHUAN 0.505 0.005 99.2 0.507 15.26 — 85.2 13.720 12.649 13.580 13.340 5819 HLBANK 13.340 -0.240 197.5 13.360 12.42 3.07 28,917.4
0.095 0.065 0.070 0.070 5104 CNI 0.070 -0.005 0.2 0.070 — 4.29 50.4 10.100 7.327 — — 5274 HLCAP 9.980 — — — 35.86 1.20 2,464.0
1.240 0.650 1.120 1.070 5136 COMPLET 1.100 -0.010 1784.2 1.082 9.85 — 135.2 16.148 13.334 15.240 15.040 1082 HLFG 15.100 0.040 124.3 15.096 11.23 2.52 17,327.5
0.055 0.030 0.035 0.030 5037 COMPUGT 0.030 -0.005 6400 0.030 20.00 — 64.0 2.630 2.116 — — 6688 HWANG 2.610 — — — 18.76 1.15 666.0
2.260 1.571 2.190 2.150 5184 CYPARK 2.170 UNCH 123.2 2.159 10.67 2.30 548.9 0.885 0.627 0.810 0.775 3379 INSAS 0.810 0.025 1087.6 0.795 3.98 1.23 561.6
1.520 0.779 1.460 1.440 5276 DANCO 1.450 UNCH 1666.4 1.445 14.87 1.03 216.1 0.990 0.847 0.945 0.945 3379PA INSAS-PA 0.945 UNCH 10 0.945 — 4.23 125.3
0.090 0.050 0.075 0.060 0091 DAYA 0.070 0.005 15874.9 0.066 — — 129.7 0.245 0.105 0.170 0.165 3441 JOHAN 0.170 UNCH 259.7 0.168 — — 105.9
1.400 0.730 1.040 1.000 5141 DAYANG 1.020 0.010 751.2 1.020 16.29 3.43 894.6 0.560 0.430 0.530 0.505 6483 KENANGA 0.520 -0.010 1064.4 0.515 11.63 — 375.7
1.256 0.820 1.020 1.010 5132 DELEUM 1.010 UNCH 122 1.015 14.60 3.47 404.0 17.180 14.075 16.800 16.740 8621 LPI 16.760 0.020 32.6 16.744 12.73 4.77 5,564.1
0.895 0.525 0.740 0.725 7212 DESTINI 0.735 0.010 1323.4 0.735 21.62 — 849.1 0.980 0.870 0.945 0.910 1198 MAA 0.940 0.055 711.1 0.926 22.87 9.57 257.1
1.740 1.441 1.710 1.660 7277 DIALOG 1.680 UNCH 25138.2 1.687 26.84 1.31 9,141.3 3.200 2.690 3.070 3.070 1058 MANULFE 3.070 0.020 1 3.070 24.31 2.93 621.3
6.670 3.604 5.180 4.900 5908 DKSH 5.060 0.130 38.7 4.985 15.81 1.88 797.7 8.690 7.500 8.660 8.590 1155 MAYBANK 8.620 0.020 12099.4 8.624 12.75 5.80 87,865.4
0.430 0.187 0.430 0.390 4456 DNEX 0.425 0.030 171028 0.412 3.32 1.18 737.3 1.210 0.685 1.140 1.120 1171 MBSB 1.130 UNCH 8293.7 1.128 21.04 2.57 6,552.6
1.617 1.110 1.200 1.160 5216 DSONIC 1.200 0.030 11224.9 1.180 21.58 2.50 1,620.0 2.500 1.595 2.300 2.200 6459 MNRB 2.240 0.020 51.1 2.211 39.72 — 715.9
0.380 0.175 0.215 0.205 2097 EASTLND 0.210 -0.005 229.4 0.209 — — 51.6 1.530 1.160 1.430 1.410 5237 MPHBCAP 1.420 0.010 134.1 1.416 18.68 — 1,015.3
1.239 0.445 0.680 0.550 5259 EATECH 0.670 0.030 6818.8 0.622 8.11 3.36 337.7 1.330 1.241 1.290 1.290 6009 P&O 1.290 0.010 11.2 1.290 23.45 5.81 317.3
0.340 0.200 — — 5036 EDARAN 0.280 — — — — — 16.8 20.120 17.713 20.020 19.920 1295 PBBANK 19.940 -0.020 3829.1 19.955 14.79 2.91 77,409.8
0.255 0.165 0.215 0.200 7471 EDEN 0.205 -0.005 560.8 0.210 — — 63.8 1.770 0.667 1.700 1.630 9296 RCECAP 1.700 0.060 675.7 1.679 8.64 2.06 592.0
3.980 3.110 3.120 3.120 1368 EDGENTA 3.120 0.010 28.5 3.120 28.89 4.81 2,594.7 6.217 4.514 4.950 4.840 1066 RHBBANK 4.940 0.100 1371.8 4.918 11.33 1.01 19,809.6
0.324 0.220 0.245 0.240 0064 EFFICEN 0.245 -0.005 1032.4 0.243 4.14 — 173.7 0.600 0.435 0.550 0.540 4898 TA 0.545 UNCH 916.2 0.546 — 1.01 933.0
0.890 0.759 — — 5081 EIG 0.840 — — — 11.76 2.68 199.2 4.313 3.691 3.960 3.920 6139 TAKAFUL 3.940 -0.010 713.6 3.940 18.32 3.98 3,234.5
1.408 1.084 1.300 1.280 5208 EITA 1.290 UNCH 236 1.289 7.68 3.10 167.7 1.720 1.150 1.330 1.310 5230 TUNEPRO 1.320 -0.020 2260.4 1.326 12.41 3.79 992.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY M A RC H 2, 20 17 • 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)
PROPERTIES 0.110 0.035 0.090 0.085 0118 TRIVE 0.085 UNCH 190 0.085 — — 113.6
0.888 0.740 0.815 0.795 1007 AMPROP 0.795 UNCH 25.1 0.806 42.97 3.77 481.6 2.800 1.940 2.780 2.680 5005 UNISEM 2.700 -0.010 2724.8 2.700 11.56 4.07 1,981.3
1.410 0.760 1.330 1.320 5959 A&M 1.320 -0.010 171.6 1.322 24.00 — 481.9 4.190 3.257 4.170 4.080 0097 VITROX 4.170 0.070 76.4 4.126 15.02 0.72 978.9
0.448 0.345 0.375 0.375 1007PA AMPROP-PA 0.375 UNCH 1.1 0.375 — 5.33 109.2 0.855 0.615 0.835 0.815 0008 WILLOW 0.820 -0.015 948.1 0.823 10.83 2.44 203.4
0.200 0.145 0.165 0.160 4057 ASIAPAC 0.165 0.005 1190.9 0.160 1.91 — 163.8 INFRASTRUCTURE PROJECT COMPANIES
0.580 0.415 0.475 0.475 6602 BCB 0.475 0.025 2 0.475 0.34 — 195.9 5.079 4.110 5.050 5.000 6947 DIGI 5.020 0.030 5006 5.013 23.90 4.16 39,030.5
0.665 0.440 0.570 0.560 9814 BERTAM 0.560 -0.020 10 0.562 — — 115.8 6.060 4.719 5.910 5.890 6645 LITRAK 5.900 0.090 506.5 5.900 14.58 3.39 3,103.3
1.010 0.710 0.875 0.870 3239 BJASSET 0.870 0.005 3 0.872 — 1.15 968.3 1.480 0.880 0.935 0.915 6807 PUNCAK 0.930 0.020 999.9 0.926 — — 417.8
1.500 0.930 1.400 1.320 5738 CHHB 1.400 0.040 159.9 1.371 — — 386.0 0.490 0.330 0.440 0.420 5078 SILKHLD 0.435 -0.005 397.8 0.432 — — 305.2
1.723 1.394 1.520 1.520 6718 CRESNDO 1.520 -0.010 10 1.520 6.77 3.29 426.3 8.700 6.894 8.500 8.350 5031 TIMECOM 8.450 -0.250 457.7 8.445 14.81 2.36 4,886.6
1.680 1.201 — — 5049 CVIEW 1.600 — — — 6.17 6.25 160.0 1.539 1.295 1.500 1.480 6742 YTLPOWR 1.480 -0.010 1930.3 1.489 12.90 6.76 12,051.6
2.376 2.073 2.200 2.160 5355 DAIMAN 2.200 UNCH 50.4 2.178 18.32 2.27 466.8 CLOSED-END FUNDS
0.910 0.505 0.620 0.570 3484 DBHD 0.590 -0.015 279.9 0.600 — — 182.5 2.580 2.240 2.420 2.420 5108 ICAP 2.420 0.010 11.5 2.420 10.76 — 338.8
1.970 1.400 1.900 1.850 3417 E&O 1.870 UNCH 1388.9 1.868 99.47 1.07 2,360.5 EXCHANGE TRADED FUNDS
0.285 0.225 0.260 0.255 3557 ECOFIRS 0.260 -0.005 303.4 0.260 23.42 — 208.8 1.124 1.070 — — 0800EA ABFMY1 1.110 — — — — 5.12 1,465.7
1.620 1.200 1.510 1.470 8206 ECOWLD 1.470 -0.010 4538.3 1.486 27.02 — 4,111.1 1.900 1.605 — — 0822EA CIMBA40 1.870 — — — — 3.51 2.5
0.790 0.570 0.625 0.610 6076 ENCORP 0.615 0.005 262.9 0.623 20.85 — 171.4 1.500 1.060 — — 0823EA CIMBC50 1.490 — — — — — 16.5
2.850 1.700 2.600 2.550 8613 ENRA 2.550 -0.100 16 2.555 30.11 1.18 347.3 1.785 1.680 — — 0820EA FBMKLCI-EA 1.750 — — — — 1.89 2.9
0.870 0.710 0.855 0.800 6815 EUPE 0.800 UNCH 77.9 0.800 — — 102.4 1.060 0.910 — — 0826EA METFAPA 1.050 — — — — — 20.0
0.563 0.467 0.510 0.500 6041 FARLIM 0.500 -0.010 119.2 0.501 3.34 4.00 70.2 0.952 0.857 0.930 0.930 0825EA METFSID 0.930 0.019 5 0.930 — 2.52 49.3
0.812 0.680 0.705 0.695 5020 GLOMAC 0.705 0.015 100.8 0.699 3.85 5.67 513.1 1.125 1.035 — — 0821EA MYETFDJ 1.050 — — — — 2.12 293.1
0.445 0.361 0.430 0.415 9962 GMUTUAL 0.420 0.010 246 0.425 7.04 2.38 157.8 1.050 0.974 — — 0824EA MYETFID 1.015 — — — — 1.50 52.4
0.528 0.290 0.390 0.365 1147 GOB 0.390 0.020 1749.3 0.381 — 1.28 177.3 REITS
1.370 1.091 1.230 1.210 1503 GUOCO 1.210 -0.020 235.5 1.216 8.72 1.65 847.6 1.073 0.945 0.955 0.955 4952 AHP 0.955 UNCH 10 0.955 115.06 4.71 210.1
0.600 0.370 0.410 0.410 7010 HOOVER 0.410 -0.015 20 0.410 — — 16.4 1.659 1.353 1.560 1.560 5116 ALAQAR 1.560 -0.010 345 1.560 17.93 4.94 1,136.0
1.432 1.050 1.120 1.090 5062 HUAYANG 1.100 UNCH 340.4 1.101 5.33 1.82 387.2 1.050 0.874 1.020 1.020 5269 ALSREIT 1.020 UNCH 25.3 1.020 12.67 5.88 591.6
0.660 0.462 0.610 0.600 4251 IBHD 0.605 0.005 500.3 0.605 9.65 2.15 607.4 0.855 0.674 0.810 0.805 5120 AMFIRST 0.805 UNCH 75.9 0.805 8.07 6.21 552.6
1.062 0.878 0.930 0.925 5084 IBRACO 0.930 0.005 10.8 0.929 11.83 3.76 461.7 0.955 0.824 0.945 0.940 5127 ARREIT 0.945 0.005 16.5 0.944 8.97 6.39 541.7
2.950 2.256 2.930 2.900 1597 IGB 2.910 -0.040 202.9 2.918 12.57 3.44 3,971.6 1.130 0.985 1.120 1.110 5130 ATRIUM 1.110 -0.010 19 1.118 26.88 5.32 135.2
2.379 2.000 2.090 2.020 5249 IOIPG 2.020 -0.090 1785 2.055 8.48 3.68 11,169.7 1.757 1.388 1.630 1.620 5106 AXREIT 1.620 -0.010 52.9 1.622 14.59 5.09 1,790.4
0.535 0.350 0.475 0.465 5175 IVORY 0.475 0.010 231.3 0.471 20.83 — 232.8 1.670 1.315 1.590 1.550 5180 CMMT 1.570 0.020 284.2 1.571 18.96 5.37 3,189.4
1.350 0.755 1.280 1.200 1589 IWCITY 1.270 0.060 7479.3 1.257 — — 935.6 1.650 1.392 1.650 1.620 5121 HEKTAR 1.650 0.060 2.9 1.631 15.32 6.36 661.0
0.235 0.160 0.180 0.175 6769 JKGLAND 0.180 0.005 1699.4 0.178 7.03 1.67 136.5 1.730 1.394 1.660 1.640 5227 IGBREIT 1.650 -0.010 980.2 1.649 20.68 5.28 5,772.3
0.065 0.040 0.065 0.060 3115 KBUNAI 0.060 UNCH 1711.7 0.061 — — 346.6 1.040 0.960 0.975 0.965 5280 KIPREIT 0.965 -0.010 492.7 0.969 — — 487.6
1.008 0.820 0.890 0.890 7323 KEN 0.890 UNCH 4 0.890 5.86 3.37 170.6 8.194 6.629 7.810 7.770 5235SS KLCC 7.790 -0.010 133.4 7.791 15.88 4.58 14,063.5
1.390 0.995 1.170 1.150 5038 KSL 1.160 UNCH 799.8 1.160 5.42 6.03 1,203.5 1.350 1.028 1.300 1.290 5123 MQREIT 1.290 0.010 102.9 1.297 15.16 9.84 1,377.7
0.425 0.290 0.325 0.315 3174 L&G 0.325 0.005 1298.4 0.318 3.90 6.15 364.1 1.910 1.536 1.730 1.720 5212 PAVREIT 1.730 UNCH 786.9 1.725 16.73 4.76 5,235.5
1.368 1.110 1.200 1.170 8494 LBICAP 1.200 0.030 10.2 1.175 4.31 5.83 94.4 1.779 1.408 1.730 1.700 5176 SUNREIT 1.710 0.010 213.2 1.716 15.52 5.29 5,036.1
1.929 1.270 1.890 1.870 5789 LBS 1.880 UNCH 1185.6 1.879 12.97 1.86 1,224.4 1.200 1.132 1.200 1.170 5111 TWRREIT 1.200 0.030 2.1 1.199 16.06 5.78 336.6
0.280 0.220 0.240 0.240 3573 LIENHOE 0.240 UNCH 62 0.240 — — 86.8 1.850 1.487 1.820 1.780 5110 UOAREIT 1.780 UNCH 3 1.807 15.16 5.89 752.7
1.690 0.897 1.620 1.610 7617 MAGNA 1.610 -0.010 198.2 1.614 1.84 3.73 536.0 1.240 0.952 1.180 1.170 5109 YTLREIT 1.170 -0.010 439.1 1.175 — 5.03 1,994.1
1.700 1.254 1.490 1.470 8583 MAHSING 1.470 -0.010 1073.9 1.474 10.07 4.42 3,541.9 SPAC
0.940 0.551 0.915 0.890 6181 MALTON 0.910 0.010 800.4 0.899 0.91 2.75 408.1 0.720 0.670 — — 5234 CLIQ 0.720 — — — — — 454.3
2.607 2.147 2.510 2.490 5236 MATRIX 2.510 0.020 175.2 2.500 7.99 5.74 1,436.2 0.745 0.595 0.645 0.625 5256 REACH 0.635 0.015 4317.2 0.634 — — 696.2
1.250 0.750 1.180 1.160 5182 MCT 1.180 0.020 50 1.177 21.65 1.69 1,575.0 0.480 0.425 — — 5241 SONA 0.475 — — — — — 670.1
0.560 0.455 0.490 0.490 5040 MEDAINC 0.490 -0.005 1 0.490 — — 241.4
1.070 0.640 0.800 0.790 1694 MENANG 0.800 0.015 34.2 0.796 7.28 — 213.7
0.356 0.250
3.200 2.187
0.380 0.270
0.295
2.940
0.295
0.290
2.910
0.290
8141
6114
8893
MJPERAK
MKH
MKLAND
0.290
2.930
0.295
0.005
-0.010
0.005
132
487.5
781.2
0.294
2.923
3.62
5.99
0.295 20.34
7.38
2.39
10.17
74.5
1,232.5
356.1
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
0.240 0.085 0.140 0.130 6548 MPCORP 0.140 0.015 194 0.134 — — 40.3
1.550 1.020 1.440 1.390 1651 MRCB 1.410 -0.010 3792.6 1.408 23.74 1.77 3,027.2
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.080 0.610 1.080 1.000 9539 MUH 1.060 -0.020 135.7 1.039 63.10 — 59.8 CONSUMER PRODUCTS
0.350 0.230 0.295 0.295 3913 MUIPROP 0.295 -0.005 1 0.295 16.86 — 225.4 0.328 0.195 0.230 0.220 0179 BIOHLDG 0.225 -0.005 6346.9 0.225 16.54 — 180.0
2.620 1.350 1.550 1.500 5073 NAIM 1.520 -0.020 257.6 1.518 490.32 — 380.0 0.320 0.105 0.255 0.225 0170 KANGER 0.250 0.005 2949.2 0.240 12.50 — 199.6
3.216 2.446 — — 5827 OIB 2.850 — — — 11.03 2.81 412.9 0.320 0.200 0.295 0.285 0148 SUNZEN 0.290 Unch 1281.3 0.288 — — 138.9
1.647 1.390 1.470 1.440 5053 OSK 1.460 0.020 244.1 1.458 7.98 3.42 2,048.2 0.060 0.025 0.040 0.035 0095 XINGHE 0.035 0.005 29981.6 0.035 3.47 — 82.2
1.730 1.263 1.660 1.650 1724 PARAMON 1.660 UNCH 307.8 1.653 9.36 4.97 702.1 INDUSTRIAL PRODUCTS
0.585 0.280 0.500 0.490 6912 PASDEC 0.500 -0.005 62.4 0.497 — — 103.0 0.280 0.140 0.165 0.155 0105 ASIAPLY 0.160 0.005 1062.4 0.159 6.87 3.75 48.5
1.737 1.540 1.600 1.560 5075 PLENITU 1.570 UNCH 21.3 1.569 12.40 2.87 599.0 0.095 0.030 0.045 0.035 0072 AT 0.040 Unch 32726 0.040 — — 34.6
0.345 0.225 0.315 0.305 2208 PTGTIN 0.315 0.010 238.4 0.313 6.01 — 109.0 0.515 0.245 0.270 0.270 0163 CAREPLS 0.270 Unch 201 0.270 540.0 1.11 130.5
1.400 0.900 0.995 0.960 4596 SAPRES 0.980 0.010 43 0.971 1.54 3.06 136.8 0.170 0.080 0.170 0.160 0102 CONNECT 0.170 Unch 4686.1 0.167 — — 49.1
0.745 0.665 0.690 0.685 5207 SBCCORP 0.690 0.005 27.8 0.688 — 0.67 162.0 0.642 0.430 0.475 0.470 0100 ESCERAM 0.470 Unch 455.6 0.471 10.85 1.28 96.6
1.051 0.785 0.850 0.850 2224 SDRED 0.850 -0.005 0.2 0.850 17.35 2.94 362.2 0.460 0.250 0.310 0.280 0175 HHGROUP 0.300 0.010 240.9 0.291 — — 92.6
0.540 0.370 0.450 0.430 4286 SEAL 0.450 0.005 973.3 0.435 62.50 — 109.3 0.125 0.065 0.100 0.095 0160 HHHCORP 0.095 0.005 1526.5 0.095 — — 31.7
3.026 2.646 2.900 2.900 6017 SHL 2.900 0.040 3.2 2.900 9.28 6.90 702.2 0.315 0.140 0.245 0.220 0162 IJACOBS 0.235 0.010 3321.9 0.229 9.71 — 31.9
0.180 0.130 0.155 0.145 4375 SMI 0.150 UNCH 791.2 0.150 18.99 — 31.5 0.165 0.085 0.145 0.120 0024 JAG 0.125 -0.015 69158.7 0.130 — — 143.0
0.860 0.690 0.750 0.730 5213 SNTORIA 0.740 UNCH 42 0.736 10.83 2.70 361.9 0.175 0.125 0.145 0.145 0025 LNGRES 0.145 Unch 120 0.145 — — 35.1
5.400 4.400 4.660 4.640 1783 SPB 4.650 UNCH 63.2 4.653 12.53 2.58 1,597.8 0.150 0.040 0.045 0.040 0070 MQTECH 0.045 Unch 1115 0.041 — — 18.7
3.560 2.727 3.400 3.380 8664 SPSETIA 3.390 -0.010 4528.3 3.389 14.19 4.92 9,673.8 0.465 0.307 0.455 0.440 0049 OCNCASH 0.450 0.015 2081.3 0.447 11.75 1.56 100.4
1.350 0.815 1.310 1.280 3743 SUNSURIA 1.280 UNCH 165.6 1.288 24.57 — 1,022.5 0.215 0.115 0.195 0.185 0038 PTB 0.190 Unch 441.2 0.190 27.54 — 28.6
3.230 2.824 3.200 3.140 5211 SUNWAY 3.170 -0.060 79.2 3.161 10.70 2.84 6,541.9 0.190 0.060 0.070 0.065 0133 SANICHI 0.070 Unch 7596.2 0.070 11.86 — 60.1
0.785 0.625 0.760 0.750 1538 SYMLIFE 0.760 0.005 444 0.757 10.70 2.63 235.6 0.060 0.025 0.040 0.035 0109 SCBUILD 0.035 Unch 640.1 0.035 — — 30.8
0.325 0.215 0.320 0.315 5158 TAGB 0.315 UNCH 2073.6 0.316 51.64 1.05 1,676.3 0.155 0.100 0.135 0.125 0001 SCOMNET 0.135 Unch 3976.4 0.129 9.31 2.96 32.8
7.200 6.020 — — 2305 TAHPS 6.890 — — — 28.35 1.45 515.7 0.210 0.120 0.165 0.155 0028 SCOPE 0.160 0.005 1110.4 0.159 43.24 — 88.9
0.060 0.035 0.040 0.035 2259 TALAMT 0.040 UNCH 200 0.038 — — 168.8 0.195 0.110 0.155 0.150 0055 SERSOL 0.155 Unch 869.4 0.150 — — 33.4
1.547 1.250 1.410 1.380 5191 TAMBUN 1.390 UNCH 206.6 1.398 5.27 6.47 595.0 0.239 0.171 0.235 0.215 0084 TECFAST 0.235 0.020 1904.9 0.230 16.43 2.13 40.2
0.115 0.055 0.085 0.080 2429 TANCO 0.085 0.010 329.1 0.083 — — 41.7 TECHNOLOGY
0.330 0.170 0.210 0.210 7889 THRIVEN 0.210 UNCH 13.7 0.210 — — 79.1 0.370 0.160 0.370 0.355 0018 ACCSOFT 0.360 -0.005 1956.2 0.361 — — 299.7
0.060 0.040 — — 7079 TIGER 0.040 — — — — — 55.6 0.440 0.160 0.340 0.335 0181 AEMULUS 0.335 Unch 1064.6 0.335 — — 147.0
1.930 1.350 1.690 1.670 5239 TITIJYA 1.680 UNCH 147.8 1.680 8.99 0.30 677.6 0.400 0.100 0.385 0.370 0119 APPASIA 0.380 0.005 4319.7 0.375 — — 108.1
1.101 0.951 0.990 0.985 5401 TROP 0.990 UNCH 219.1 0.989 16.78 4.55 1,451.1 0.470 0.155 — — 0068 ASDION 0.260 — — — — — 30.2
1.250 0.966 1.140 1.120 5148 UEMS 1.130 -0.010 3203.8 1.137 38.05 1.42 5,127.3 1.190 0.710 0.880 0.875 0098 BAHVEST 0.880 -0.005 98.9 0.877 — — 482.2
2.770 1.943 2.560 2.510 5200 UOADEV 2.560 0.060 1476.1 2.549 6.02 5.86 4,179.1 0.075 0.030 0.035 0.035 0152 DGB 0.035 -0.005 50 0.035 — — 17.1
1.206 0.935 1.090 1.050 2976 WINGTM 1.090 0.040 19.8 1.062 363.33 2.75 531.2 0.065 0.020 0.040 0.035 0131 DGSB 0.040 Unch 1193.9 0.037 17.39 — 54.2
1.279 0.846 1.060 1.060 7003 Y&G 1.060 0.100 0.2 1.060 13.64 — 211.3 0.130 0.050 0.060 0.055 0154 EAH 0.055 Unch 1593.3 0.055 — — 82.0
1.840 1.440 1.530 1.490 3158 YNHPROP 1.520 0.020 189 1.503 22.93 — 804.1 0.310 0.160 0.170 0.160 0107 EDUSPEC 0.170 Unch 1109.8 0.166 32.69 — 156.6
0.665 0.550 0.610 0.590 2577 YTLLAND 0.600 0.010 75.2 0.603 29.27 — 506.6 0.090 0.050 0.085 0.080 0116 FOCUS 0.085 Unch 2065.1 0.082 — — 66.1
MINING 0.955 0.815 0.835 0.830 0104 GENETEC 0.835 Unch 41.6 0.831 — — 29.4
0.565 0.440 0.540 0.535 0039 GFM 0.540 Unch 1810.6 0.540 — — 231.2
1.280 1.150 1.200 1.190 2186 KUCHAI 1.190 UNCH 58 1.196 — 0.71 147.3
0.060 0.030 0.040 0.035 0045 GNB 0.035 -0.005 380 0.037 — — 10.1
PLANTATIONS
0.115 0.070 0.090 0.085 0074 GOCEAN 0.090 -0.005 379 0.085 — — 23.7
0.367 0.195 0.255 0.240 7054 AASIA 0.255 0.005 91.2 0.243 — — 168.3
0.075 0.040 0.050 0.050 0174 IDMENSN 0.050 -0.005 220 0.050 — — 24.7
19.700 16.994 19.640 19.600 1899 BKAWAN 19.640 UNCH 7.2 19.618 12.53 2.80 8,562.1 0.781 0.230 0.485 0.465 0023 IFCAMSC 0.480 0.015 20589.9 0.479 — 2.08 292.0
9.099 8.380 — — 5069 BLDPLNT 8.530 — — — 88.85 0.23 797.6 0.100 0.070 0.075 0.075 0094 INIX 0.075 Unch 925 0.075 — — 19.0
1.728 1.317 1.670 1.650 5254 BPLANT 1.660 0.010 659.1 1.664 11.66 8.73 2,656.0 0.240 0.100 0.125 0.115 0010 IRIS 0.120 Unch 4876.5 0.120 — — 269.7
0.970 0.620 0.815 0.795 8982 CEPAT 0.810 0.010 1224.8 0.808 17.02 1.85 257.9 0.700 0.450 — — 0146 JFTECH 0.495 — — — 137.5 2.02 62.4
8.020 7.253 — — 1929 CHINTEK 8.020 — — — 41.28 2.12 732.7 2.500 0.440 2.460 2.420 0127 JHM 2.430 -0.010 367.2 2.443 20.20 — 300.7
0.500 0.385 0.445 0.430 3948 DUTALND 0.445 0.015 458.8 0.437 — — 376.5 0.290 0.130 0.155 0.150 0111 K1 0.150 Unch 1778.2 0.150 42.86 3.33 70.9
8.900 7.305 8.700 8.500 5029 FAREAST 8.500 -0.100 1.5 8.633 11.19 2.94 1,201.8 0.080 0.030 0.050 0.045 0036 KGROUP 0.045 -0.005 10.2 0.045 — — 36.9
2.520 1.293 1.910 1.840 5222 FGV 1.870 -0.010 11505.2 1.875 — 2.14 6,822.0 0.390 0.175 0.360 0.340 0176 KRONO 0.350 Unch 4890.5 0.350 9.94 — 86.8
11.560 10.161 11.540 11.500 2291 GENP 11.520 0.040 1242.4 11.519 24.57 0.43 9,186.2 0.325 0.045 0.060 0.055 0017 M3TECH 0.060 0.005 2069.3 0.055 — — 35.2
0.675 0.500 0.610 0.600 7382 GLBHD 0.605 0.005 82 0.605 2.28 — 134.9 0.300 0.050 0.250 0.230 0075 MEXTER 0.250 0.010 307.8 0.236 — — 50.2
1.580 1.140 — — 2135 GOPENG 1.220 — — — 45.19 3.28 218.8 0.680 0.420 — — 0155 MGRC 0.485 — — — 27.56 — 50.2
0.950 0.790 — — 7501 HARNLEN 0.850 — — — — — 157.7 1.880 0.930 1.030 1.010 0126 MICROLN 1.030 -0.040 7.1 1.030 — — 172.4
2.730 2.222 2.710 2.700 5138 HSPLANT 2.700 0.010 191.2 2.702 17.40 2.96 2,160.0 0.600 0.416 0.560 0.540 0112 MIKROMB 0.560 0.020 798.1 0.550 16.42 1.96 171.8
3.706 3.220 3.240 3.220 2216 IJMPLNT 3.220 -0.020 26.3 3.223 37.05 1.55 2,835.5 0.135 0.065 — — 0085 MLAB 0.070 — — — — — 13.1
0.735 0.646 — — 2607 INCKEN 0.680 — — — — 1.72 286.1 0.070 0.040 0.055 0.055 0034 MMAG 0.055 Unch 215 0.055 — — 52.5
1.500 0.550 1.240 1.140 6262 INNO 1.240 0.110 636.1 1.195 17.95 — 593.8 0.719 0.443 0.615 0.595 0113 MMSV 0.610 0.015 237 0.606 12.82 3.28 99.4
4.985 4.025 4.700 4.650 1961 IOICORP 4.680 UNCH 7094.5 4.672 40.17 1.92 30,241.3 0.245 0.060 0.065 0.060 0103 MNC 0.065 Unch 1228.2 0.061 — — 24.6
25.131 22.139 24.300 24.140 2445 KLK 24.200 0.060 446.3 24.192 22.26 2.07 25,833.6 0.260 0.145 0.215 0.205 0156 MPAY 0.215 0.010 1405.3 0.211 — — 152.8
3.339 2.991 — — 2453 KLUANG 3.200 — — — 29.47 0.31 202.2 0.195 0.065 0.085 0.080 0092 MTOUCHE 0.085 Unch 213.1 0.081 16.04 — 21.6
3.790 2.900 3.650 3.630 5027 KMLOONG 3.630 -0.030 38.1 3.641 16.88 3.58 1,131.8 0.929 0.625 0.740 0.730 0108 N2N 0.740 Unch 25.6 0.739 30.83 2.70 352.6
0.609 0.491 0.580 0.555 1996 KRETAM 0.570 0.010 2845.7 0.567 57.58 1.75 1,326.7 0.050 0.015 0.025 0.020 0020 NETX 0.020 Unch 921 0.023 — — 25.0
1.720 1.160 1.490 1.490 6572 KWANTAS 1.490 0.030 10 1.490 38.70 — 464.4 0.070 0.035 0.040 0.035 0096 NEXGRAM 0.040 Unch 235 0.040 12.50 — 75.3
1.750 1.300 1.410 1.410 4936 MALPAC 1.410 UNCH 12 1.410 — — 105.8 0.125 0.075 0.085 0.080 0026 NOVAMSC 0.085 0.005 518.8 0.083 70.83 — 58.1
0.980 0.770 0.870 0.865 5026 MHC 0.865 -0.005 41.1 0.870 33.79 1.73 170.0 0.746 0.555 0.620 0.595 0035 OPCOM 0.610 0.010 308 0.607 13.09 3.28 98.4
2.400 2.060 2.130 2.130 5047 NPC 2.130 -0.270 1 2.130 5.06 0.47 255.6 0.420 0.266 0.345 0.335 0040 OPENSYS 0.345 Unch 5676.1 0.340 17.60 2.90 102.8
4.365 3.693 4.200 4.180 2038 NSOP 4.200 0.020 13 4.185 104.74 1.43 294.8 0.705 0.140 0.200 0.200 0079 ORION 0.200 -0.005 81.4 0.200 — — 26.6
0.315 0.190 0.280 0.260 1902 PINEPAC 0.280 UNCH 112.5 0.266 — — 41.9 0.110 0.035 0.060 0.055 0005 PALETTE 0.055 Unch 272 0.059 10.78 — 17.6
1.100 0.920 — — 9695 PLS 0.990 — — — — — 323.4 0.210 0.135 0.150 0.150 0123 PRIVA 0.150 Unch 923.6 0.150 32.61 1.33 83.7
0.610 0.470 0.500 0.475 5113 RSAWIT 0.495 -0.020 1345.7 0.489 — — 702.2 0.105 0.055 0.095 0.090 0007 PUC 0.095 0.005 3760.1 0.091 38.00 — 104.0
4.005 3.346 3.860 3.840 2542 RVIEW 3.840 -0.060 5 3.848 54.86 1.56 249.0 0.735 0.429 0.655 0.630 0106 REXIT 0.650 0.020 101.2 0.645 17.06 6.15 123.1
3.179 2.900 3.010 3.000 2569 SBAGAN 3.000 UNCH 9 3.003 — 0.67 199.0 0.060 0.010 — — 0135 SCN 0.010 — — — — — 2.0
0.700 0.450 0.670 0.615 4316 SHCHAN 0.670 0.075 50.1 0.619 43.51 — 77.1 0.443 0.225 0.295 0.285 0178 SEDANIA 0.285 -0.010 516.2 0.287 — 3.51 57.0
4.686 3.292 3.650 3.500 5126 SOP 3.590 -0.030 812.3 3.554 11.66 1.32 2,047.6 0.085 0.055 0.070 0.065 0060 SKH 0.070 0.005 2127 0.065 — — 38.8
2.060 1.680 1.730 1.690 5135 SWKPLNT 1.730 0.020 106 1.705 21.79 — 484.4 0.235 0.155 0.165 0.155 0117 SMRT 0.160 -0.010 1799 0.160 — — 47.6
0.815 0.641 0.705 0.655 2054 TDM 0.690 -0.045 11619.4 0.684 10.60 1.74 1,038.8 0.110 0.025 0.040 0.035 0169 SMTRACK 0.040 Unch 300 0.037 — — 13.9
1.310 1.050 1.230 1.210 5112 THPLANT 1.220 UNCH 245.9 1.216 7.33 — 1,078.3 0.355 0.232 0.315 0.305 0093 SOLUTN 0.315 0.010 1415.1 0.312 11.41 4.22 96.4
1.900 1.330 — — 5251 TMAKMUR 1.890 — — — 16.20 7.94 752.5 0.230 0.080 0.205 0.190 0129 SRIDGE 0.200 0.015 1683.9 0.200 — — 24.2
2.177 1.800 1.860 1.830 9059 TSH 1.850 -0.020 1354.1 1.845 284.62 1.08 2,489.0 0.270 0.140 0.245 0.235 0050 SYSTECH 0.245 0.010 1266.6 0.241 31.82 12.24 77.7
6.023 5.456 5.850 5.790 2593 UMCCA 5.800 -0.020 195.9 5.811 21.32 2.76 1,213.5 0.190 0.110 0.145 0.140 0132 TDEX 0.145 Unch 5.1 0.140 145.00 — 59.9
28.117 24.648 27.200 27.200 2089 UTDPLT 27.200 0.120 5.1 27.200 17.15 1.47 5,661.3 0.660 0.180 0.630 0.605 0120 VIS 0.625 0.020 1933.9 0.618 52.97 — 69.2
HOTELS 0.291 0.150 0.170 0.155 0069 VIVOCOM 0.165 -0.010 45340.8 0.163 8.17 — 533.6
0.600 0.500 0.600 0.560 5592 GCE 0.570 -0.010 43 0.579 — 3.51 112.3 0.135 0.065 0.085 0.080 0066 VSOLAR 0.080 -0.005 460 0.083 — — 26.7
0.960 0.680 0.740 0.720 1643 LANDMRK 0.740 0.005 188.2 0.724 — — 355.8 0.070 0.025 0.040 0.040 0141 WINTONI 0.040 -0.005 1065 0.040 — — 20.5
0.345 0.115 0.135 0.130 1287 PMHLDG 0.135 UNCH 1365 0.130 — — 125.4 0.160 0.080 0.115 0.110 0086 YGL 0.115 Unch 334 0.114 575.0 — 22.3
5.839 4.774 5.230 5.230 5517 SHANG 5.230 UNCH 12 5.230 20.65 2.68 2,301.2 0.600 0.505 — — 0009 YTLE 0.560 — — — 21.46 7.14 756.0
TECHNOLOGY TRADING SERVICES
0.780 0.585 — — 7031 AMTEL 0.635 — — — 129.5 — 31.3 0.400 0.150 0.310 0.250 0122 AIM 0.280 -0.120 545.5 0.250 — — 74.5
0.340 0.180 0.340 0.285 5195 CENSOF 0.340 0.050 43981.5 0.314 12.78 — 170.6 0.125 0.060 — — 0048 ANCOMLB 0.090 — — — — — 42.6
0.250 0.090 0.195 0.170 0051 CUSCAPI 0.190 0.015 748.5 0.183 — — 82.8 0.080 0.035 0.065 0.060 0150 ASIABIO 0.060 Unch 36206.5 0.062 — — 64.4
0.410 0.250 0.400 0.390 7204 D&O 0.400 0.010 1651 0.395 34.48 — 396.0 0.275 0.155 0.170 0.155 0187 BCMALL 0.165 -0.010 6288.9 0.164 9.43 — 69.5
0.265 0.110 0.240 0.220 8338 DATAPRP 0.240 0.015 1304.9 0.232 — — 101.1 0.390 0.217 0.345 0.340 0011 BTECH 0.345 Unch 85.5 0.345 13.91 3.94 86.9
0.200 0.150 0.180 0.175 0029 DIGISTA 0.175 UNCH 5658.8 0.175 6.46 — 104.9 0.295 0.170 0.245 0.210 0157 FOCUSP 0.245 Unch 2.5 0.238 — — 40.4
1.710 1.330 1.520 1.470 5162 ECS 1.510 0.040 168.8 1.506 9.04 3.97 271.8
0.665 0.390 0.555 0.535 0185 HSSEB 0.550 0.010 751.6 0.549 11.18 — 175.5
0.900 0.510 — — 0147 INNITY 0.795 — — — 21.78 — 110.0
1.949 0.875 1.700 1.550 0065 EFORCE 1.680 0.140 981.9 1.644 58.95 1.79 347.5
0.400 0.235 0.270 0.260 0180 KTC 0.270 Unch 718.3 0.268 337.5 — 137.8
1.680 0.902 1.630 1.600 0090 ELSOFT 1.630 UNCH 162.5 1.616 14.21 2.45 442.9
0.230 0.130 — — 0167 MCLEAN 0.170 — — — 5.54 — 30.4
1.110 0.780 1.050 0.985 0021 GHLSYS 1.040 0.050 1266.1 1.015 37.28 0.48 680.9 0.515 0.315 0.350 0.350 0081 MEGASUN 0.350 Unch 5.5 0.350 17.50 — 66.5
0.315 0.210 0.270 0.265 0082 GPACKET 0.270 UNCH 1003.1 0.267 — — 186.4 0.230 0.155 0.190 0.170 0153 OVERSEA 0.185 0.015 427.8 0.186 — 1.62 45.6
0.270 0.175 0.210 0.195 0056 GRANFLO 0.210 0.010 840.3 0.205 — 2.38 101.5 0.225 0.145 0.160 0.160 0177 PASUKGB 0.160 Unch 240 0.160 — — 64.9
5.386 2.686 4.400 4.250 7022 GTRONIC 4.360 0.100 232.2 4.332 47.75 0.46 1,229.7 0.335 0.230 0.310 0.310 0006 PINEAPP 0.310 -0.020 2 0.310 — — 15.0
0.695 0.510 0.695 0.680 5028 HTPADU 0.685 0.030 175 0.688 — 2.92 69.3 0.265 0.201 0.250 0.240 0171 PLABS 0.245 0.005 368.1 0.245 15.31 2.86 50.7
1.960 1.254 1.930 1.890 0166 INARI 1.920 0.010 5822.7 1.907 21.40 2.37 3,742.1 0.020 0.005 — — 0110 RA 0.005 — — — — — 4.8
0.190 0.075 0.175 0.165 9393 ITRONIC 0.170 -0.005 141.7 0.171 — — 17.5 0.370 0.160 0.200 0.190 0080 RAYA 0.200 0.005 297 0.193 — — 32.8
0.697 0.475 0.610 0.595 5161 JCY 0.610 0.015 2181.1 0.604 — 8.20 1,266.4 0.565 0.280 0.360 0.345 0032 REDTONE 0.360 0.010 73 0.347 — 0.56 272.7
10.400 3.837 9.820 9.700 9334 KESM 9.820 0.060 3.1 9.753 12.94 0.31 422.4 0.750 0.480 0.685 0.680 0173 REV 0.680 -0.010 46 0.682 11.07 — 91.6
0.235 0.060 0.090 0.085 0143 KEYASIC 0.085 UNCH 303.5 0.087 — — 72.4 2.179 1.610 1.730 1.730 0158 SCC 1.730 Unch 10.2 1.730 10.92 5.78 74.0
9.800 6.647 9.800 9.620 3867 MPI 9.780 0.150 537.3 9.686 10.78 2.35 2,052.7 0.213 0.135 0.170 0.165 0161 SCH 0.165 Unch 202.5 0.169 82.50 5.15 68.0
1.400 0.845 1.130 1.100 5011 MSNIAGA 1.130 -0.020 13.7 1.109 — — 68.3 0.230 0.100 0.210 0.205 0140 STERPRO 0.210 -0.005 4631.8 0.210 — — 58.7
0.910 0.352 0.865 0.830 0083 NOTION 0.865 0.030 1605.4 0.855 41.00 2.02 233.9 1.490 0.955 1.130 1.120 0089 TEXCYCL 1.120 -0.010 20 1.125 26.92 0.67 191.3
0.540 0.410 — — 9008 OMESTI 0.465 — — — — — 200.1 0.200 0.100 0.135 0.135 0145 TFP 0.135 Unch 30 0.135 1350 — 27.7
0.320 0.210 — — 0041 PANPAGE 0.285 — — — — — 68.8 0.175 0.095 0.100 0.095 0165 XOX 0.095 -0.010 13670 0.097 — — 65.4
1.770 0.560 1.770 1.740 7160 PENTA 1.740 -0.010 1943.1 1.751 13.41 — 255.0 FINANCE
0.475 0.250 0.380 0.320 9075 THETA 0.330 0.015 88.6 0.354 3.54 — 35.4 0.530 0.395 0.470 0.455 0053 OSKVI 0.470 0.020 151.1 0.470 5.78 — 92.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
1.410 0.805 1.200 1.160 5398WE GAMUDA-WE 1.200 0.020 5171.8 4.950 4.050 6.06 06/03/2021
Main Market & Ace Market Warrants 0.155 0.090 0.150 0.150 5209CV GASMSIA-CV 0.150 -0.005 10 2.920 2.700 2.74 18/05/2017
0.280 0.085 0.200 0.200 5226WA GBGAQRS-WA 0.200 Unch 1172.7 0.995 1.300 50.75 20/07/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.255 0.105 0.215 0.180 471517 GENM-C17 0.185 -0.005 490 5.290 4.800 2.98 28/04/2017
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
3.690 2.490 3.400 3.350 2291WA GENP-WA 3.360 -0.010 347 11.520 7.750 -3.56 17/06/2019
0.200 0.040 0.045 0.040 5238C1 AAX-C1 0.040 -0.005 216 0.400 0.350 7.50 10/07/2017 0.190 0.020 0.110 0.105 318231 GENTINGC31 0.105 -0.005 233.6 9.120 8.300 0.22 31/03/2017
0.095 0.030 0.035 0.035 5238C2 AAX-C2 0.035 Unch 200 0.400 0.500 33.75 31/05/2017 0.125 0.070 0.120 0.120 318234 GENTINGC34 0.120 Unch 48 9.120 8.200 5.70 10/07/2017
0.130 0.055 0.065 0.065 5238C3 AAX-C3 0.065 0.005 250 0.400 0.410 18.75 31/05/2017 0.305 0.235 0.295 0.290 318241 GENTINGC41 0.295 -0.005 22 9.120 8.500 9.38 30/08/2017
0.150 0.030 0.035 0.035 5238CW AAX-CW 0.035 Unch 885 0.400 0.420 13.75 10/04/2017 2.380 1.160 1.540 1.520 3182WA GENTING-WA 1.530 -0.010 1876.6 9.120 7.960 4.06 18/12/2018
0.100 0.015 0.020 0.015 5238CZ AAX-CZ 0.015 -0.020 1000 0.400 0.450 16.25 27/03/2017 0.195 0.070 0.145 0.125 1147WA GOB-WA 0.140 0.015 1766.9 0.390 0.800 141.03 24/12/2019
0.340 0.065 0.200 0.195 5238WA AAX-WA 0.200 Unch 748.8 0.400 0.460 65.00 08/06/2020 0.065 0.025 0.030 0.030 0074WA GOCEAN-WA 0.030 Unch 90 0.090 0.340 311.11 07/08/2019
0.270 0.085 0.260 0.255 0018WA ACCSOFT-WA 0.255 -0.010 1304.4 0.360 0.100 -1.39 18/01/2019 0.045 0.025 0.035 0.030 7096WA GPA-WA 0.035 Unch 54.6 0.100 0.100 35.00 03/06/2025
0.165 0.045 0.105 0.080 6599CH AEON-CH 0.100 0.020 3088.5 2.350 2.520 17.87 18/09/2017 0.200 0.095 0.165 0.160 7676WB GUNUNG-WB 0.160 -0.010 85.5 0.460 0.400 21.74 02/10/2020
0.225 0.080 0.225 0.195 5185CU AFFIN-CU 0.195 0.015 4214.6 2.550 2.300 1.67 06/06/2017 0.460 0.110 0.350 0.350 3034CU HAPSENG-CU 0.350 -0.005 5 8.960 7.650 1.00 30/08/2017
0.420 0.130 0.420 0.380 5185CV AFFIN-CV 0.380 0.040 203.1 2.550 2.150 -0.78 31/07/2017 1.320 0.830 1.230 1.220 5095WB HEVEA-WB 1.220 0.020 163.2 1.520 0.250 -3.29 28/02/2020
0.150 0.125 0.150 0.140 5185CW AFFIN-CW 0.140 0.015 90 2.550 2.400 5.10 31/07/2017 0.130 0.065 0.090 0.090 5072WB HIAPTEK-WB 0.090 Unch 506 0.325 0.500 81.54 23/06/2021
0.280 0.035 0.065 0.060 509938 AIRASIAC38 0.065 -0.005 2019.3 2.660 2.650 8.18 28/04/2017 0.560 0.265 0.305 0.300 5169WA HOHUP-WA 0.305 0.005 6.9 0.755 0.600 19.87 21/12/2018
0.320 0.040 0.050 0.040 509939 AIRASIAC39 0.040 Unch 1945.4 2.660 2.700 6.02 17/03/2017 0.265 0.115 0.165 0.160 7213WB HOVID-WB 0.160 -0.010 30 0.310 0.180 9.68 05/06/2018
0.190 0.040 0.065 0.065 509941 AIRASIAC41 0.065 0.010 1930.4 2.660 3.300 31.39 06/06/2017 0.560 0.015 0.015 0.015 65166 HSI-C66 0.015 -0.010 28.1 13,599 26,000 91.28 30/03/2017
0.140 0.075 0.100 0.100 509943 AIRASIAC43 0.100 -0.025 35 2.660 2.880 23.31 28/08/2017 0.820 0.170 0.275 0.250 65168 HSI-C68 0.255 0.005 3456.6 13,599 24,600 82.57 30/03/2017
0.205 0.080 0.125 0.115 509945 AIRASIAC45 0.115 -0.005 2174.8 2.660 2.900 21.99 31/05/2017 1.170 0.370 0.705 0.675 65170 HSI-C70 0.680 -0.010 106 13,599 23,200 75.09 30/03/2017
0.245 0.110 0.175 0.170 509946 AIRASIAC46 0.170 Unch 4807.6 2.660 2.500 13.16 31/05/2017 0.510 0.150 0.285 0.265 65172 HSI-C72 0.270 -0.005 12808.9 13,599 25,000 85.61 27/04/2017
0.175 0.070 0.155 0.150 509947 AIRASIAC47 0.150 -0.010 700.2 2.660 2.600 14.66 31/10/2017 0.865 0.335 0.680 0.660 65174 HSI-C74 0.675 0.010 80 13,599 23,600 78.00 27/04/2017
0.295 0.185 0.250 0.235 509949 AIRASIAC49 0.240 -0.005 2987.9 2.660 2.150 7.89 31/07/2017 0.780 0.320 0.620 0.620 65178 HSI-C78 0.620 0.010 10 13,599 24,000 80.58 29/05/2017
0.190 0.025 0.050 0.040 5014CP AIRPORT-CP 0.040 -0.005 200.1 6.490 6.450 3.70 28/04/2017 1.280 0.600 1.120 1.120 65180 HSI-C80 1.120 -0.160 10 13,599 22,600 73.59 29/05/2017
0.260 0.160 0.225 0.215 7609WA AJIYA-WA 0.225 0.010 1176.9 0.735 0.920 55.78 28/08/2021 0.705 0.305 0.590 0.575 65184 HSI-C84 0.575 0.005 35 13,599 24,400 83.22 29/06/2017
0.245 0.085 0.240 0.235 1015CX AMBANK-CX 0.240 0.015 55 4.660 4.150 1.93 29/09/2017 0.735 0.505 0.635 0.615 65190 HSI-C90 0.620 -0.045 140 13,599 24,800 86.46 28/07/2017
0.045 0.005 0.015 0.015 0159WA AMEDIA-WA 0.015 Unch 110 0.105 1.100 961.90 02/01/2018 0.740 0.610 0.635 0.630 65196 HSI-C96 0.635 0.025 2 13,599 25,200 89.50 30/08/2017
0.090 0.040 0.080 0.060 9342WA ANZO-WA 0.075 0.015 8396.5 0.290 0.250 12.07 19/11/2019 1.100 0.160 0.180 0.170 65171 HSI-H71 0.175 -0.015 735 13,599 22,600 67.34 30/03/2017
0.090 0.045 0.085 0.065 9342WB ANZO-WB 0.080 0.015 3881.9 0.290 0.250 13.79 25/08/2023 1.820 0.470 0.560 0.530 65173 HSI-H73 0.550 -0.025 158 13,599 24,000 80.12 30/03/2017
0.035 0.015 0.015 0.015 5194WA APFT-WA 0.015 -0.005 32.6 0.040 0.400 937.50 13/07/2018 2.350 1.030 1.120 1.120 65175 HSI-H75 1.120 -0.040 10 13,599 25,400 94.18 30/03/2017
0.270 0.050 0.245 0.235 0119WA APPASIA-WA 0.245 0.010 7427.7 0.380 0.130 -1.32 23/12/2024 0.850 0.150 0.175 0.165 65177 HSI-H77 0.170 -0.015 1152 13,599 21,600 59.95 27/04/2017
0.140 0.030 0.095 0.065 521020 ARMADA-C20 0.090 Unch 1022.8 0.730 0.675 4.79 18/05/2017 1.140 0.315 0.375 0.350 65179 HSI-H79 0.360 -0.020 7536.2 13,599 23,000 71.50 27/04/2017
0.085 0.025 0.065 0.035 521022 ARMADA-C22 0.055 Unch 9802.9 0.730 0.750 14.04 31/05/2017 2.080 0.710 0.830 0.800 65181 HSI-H81 0.820 -0.025 111.7 13,599 24,400 84.84 27/04/2017
0.090 0.050 0.085 0.080 521023 ARMADA-C23 0.080 -0.010 190 0.730 0.700 12.33 31/07/2017 0.735 0.145 0.160 0.155 65183 HSI-H83 0.160 -0.010 1820.3 13,599 20,600 52.53 29/05/2017
0.225 0.100 0.200 0.170 521024 ARMADA-C24 0.185 -0.010 2831 0.730 0.600 7.53 30/11/2017 1.330 0.585 0.665 0.645 65187 HSI-H87 0.660 -0.015 31 13,599 23,400 76.43 29/05/2017
0.170 0.085 0.140 0.110 521025 ARMADA-C25 0.140 0.005 1700 0.730 0.630 11.23 31/07/2017 1.040 0.330 0.360 0.355 65189 HSI-H89 0.355 -0.010 30 13,599 21,000 56.76 29/06/2017
0.220 0.060 0.115 0.100 0068WB ASDION-WB 0.105 0.005 27.5 0.260 0.500 132.69 24/03/2019 0.735 0.480 0.505 0.495 65195 HSI-H95 0.505 0.015 60 13,599 21,400 60.70 28/07/2017
0.030 0.015 0.025 0.020 0150WA ASIABIO-WA 0.020 -0.005 470 0.060 0.100 100.00 19/04/2024 0.050 0.025 0.030 0.025 7013WA HUBLINE-WA 0.025 -0.005 550.8 0.115 3.200 2,705 04/11/2019
0.175 0.055 0.110 0.100 0105WA ASIAPLY-WA 0.110 0.005 310.2 0.160 0.100 31.25 13/12/2020 0.075 0.045 0.055 0.045 7013WB HUBLINE-WB 0.050 Unch 1328.1 0.115 0.200 117.39 20/12/2020
0.200 0.095 0.150 0.140 7099WB ATTA-WB 0.150 0.015 73 0.935 1.000 22.99 09/05/2022 0.030 0.015 0.025 0.020 9601WD HWGB-WD 0.020 Unch 2415 0.055 0.180 263.64 15/03/2021
0.035 0.010 0.025 0.020 0072WA AT-WA 0.020 Unch 1038.7 0.040 0.090 175.00 28/01/2019 0.210 0.155 0.175 0.175 4251WA IBHD-WA 0.175 0.005 14 0.605 1.410 161.98 08/10/2019
0.040 0.020 0.035 0.025 0072WB AT-WB 0.030 Unch 40748.1 0.040 0.030 50.00 17/10/2019 0.210 0.090 0.205 0.205 1597CP IGB-CP 0.205 Unch 30 2.910 2.550 5.24 18/09/2017
0.090 0.060 0.080 0.070 688813 AXIATA-C13 0.080 0.020 5 4.550 5.000 16.92 28/08/2017 0.110 0.070 0.095 0.075 5225C3 IHH-C3 0.080 -0.015 934.7 5.920 6.300 10.47 29/12/2017
0.225 0.070 0.125 0.105 688815 AXIATA-C15 0.125 0.020 1683.5 4.550 4.650 10.44 31/10/2017 0.210 0.115 0.185 0.185 0166CS INARI-CS 0.185 0.005 30 1.920 1.600 2.60 09/05/2017
0.260 0.115 0.175 0.145 688816 AXIATA-C16 0.170 0.025 430 4.550 4.500 10.11 18/08/2017 0.135 0.065 0.095 0.095 0166CT INARI-CT 0.095 Unch 37.9 1.920 1.800 1.91 31/03/2017
0.130 0.005 0.005 0.005 6888C9 AXIATA-C9 0.005 -0.020 200 4.550 5.600 23.52 31/03/2017 1.700 1.351 1.700 1.700 0166WA INARI-WA 1.700 Unch 0.1 1.920 0.132 -4.58 04/06/2018
0.195 0.015 0.045 0.035 4162CF BAT-CF 0.045 Unch 36.9 48.60 50.00 6.58 28/04/2017 1.150 0.525 1.100 1.070 0166WB INARI-WB 1.090 Unch 939.3 1.920 0.800 -1.56 17/02/2020
0.175 0.120 0.145 0.135 7241WA BHS-WA 0.145 Unch 150.1 0.445 0.600 67.42 18/10/2020 0.035 0.015 0.020 0.020 0094WA INIX-WA 0.020 -0.005 75 0.075 0.100 60.00 16/11/2020
0.160 0.145 0.145 0.145 5258CU BIMB-CU 0.145 -0.010 3.1 4.480 4.500 13.39 18/09/2017 0.255 0.155 0.215 0.190 3379WB INSAS-WB 0.210 0.015 1850.8 0.810 1.000 49.38 25/02/2020
0.420 0.260 0.375 0.360 5258WA BIMB-WA 0.370 0.005 1843.1 4.480 4.720 13.62 04/12/2023 0.185 0.110 0.145 0.145 8834WB IREKA-WB 0.145 -0.005 4.8 0.670 1.000 70.90 25/06/2019
0.155 0.070 0.110 0.105 6998WA BINTAI-WA 0.110 0.005 322 0.215 0.200 44.19 15/06/2020 0.060 0.020 0.040 0.040 7183WA IRETEX-WA 0.040 Unch 488.7 0.195 0.800 330.77 10/06/2019
0.130 0.095 0.120 0.115 0179WA BIOHLDG-WA 0.115 Unch 2698.9 0.225 0.220 48.89 05/01/2022 0.150 0.010 0.020 0.010 5175WA IVORY-WA 0.010 -0.005 1475.1 0.475 0.750 60.00 26/04/2017
0.065 0.055 0.060 0.055 3395C3 BJCORP-C3 0.060 Unch 2210 0.385 0.400 19.48 30/08/2017 0.065 0.020 0.055 0.045 0024WA JAG-WA 0.050 Unch 15519.7 0.125 0.100 20.00 14/08/2019
0.160 0.060 0.125 0.110 3395WB BJCORP-WB 0.120 0.010 1897.3 0.385 1.000 190.91 22/04/2022 0.125 0.005 0.020 0.015 5161CX JCY-CX 0.020 0.005 1063 0.610 0.600 1.64 14/03/2017
0.165 0.050 0.140 0.120 3395WC BJCORP-WC 0.135 0.010 12987.5 0.385 1.000 194.81 29/05/2026 0.110 0.045 0.085 0.080 9083WB JETSON-WB 0.085 Unch 96.6 0.370 0.750 125.68 06/02/2019
0.070 0.035 0.050 0.050 7187WA BKOON-WA 0.050 Unch 165.9 0.115 0.200 117.39 07/07/2023 0.595 0.205 0.530 0.500 7167WA JOHOTIN-WA 0.525 0.025 6524.5 1.370 0.850 0.36 21/11/2017
0.145 0.060 0.100 0.090 7036WB BORNOIL-WB 0.095 0.005 1508.5 0.180 0.100 8.33 28/02/2018 0.155 0.040 0.045 0.040 4383CL JTIASA-CL 0.045 -0.005 2711.5 1.220 1.300 13.93 06/06/2017
0.125 0.070 0.110 0.095 7036WC BORNOIL-WC 0.100 0.005 74226.4 0.180 0.100 11.11 08/11/2025 0.025 0.010 0.020 0.015 3115WC KBUNAI-WC 0.020 0.005 80.7 0.060 0.131 151.67 20/10/2023
0.115 0.060 0.060 0.060 9938WB BRIGHT-WB 0.060 -0.005 150 0.320 0.820 175.00 12/01/2019 1.590 0.705 1.540 1.500 7161WA KERJAYA-WA 1.530 0.010 79.1 2.480 0.880 -2.82 20/12/2017
0.105 0.040 0.085 0.080 7188WA BTM-WA 0.080 -0.005 50 0.275 0.940 270.91 20/12/2019 0.160 0.060 0.145 0.145 0151WA KGB-WA 0.145 0.010 173 0.420 0.500 53.57 12/06/2019
0.235 0.080 0.220 0.205 7188WB BTM-WB 0.220 0.030 789 0.275 0.200 52.73 23/10/2024 0.025 0.005 0.010 0.010 0036WA KGROUP-WA 0.010 -0.005 90 0.045 0.100 144.44 02/07/2018
0.100 0.060 0.070 0.060 181811 BURSA-C11 0.070 0.005 516 8.890 8.900 4.05 30/11/2017 0.880 0.475 0.680 0.665 5171WA KIMLUN-WA 0.680 0.015 215.1 2.160 1.680 9.26 12/03/2024
1.200 0.950 1.100 1.080 7174WA CAB-WA 1.090 Unch 45.5 1.650 0.550 -0.61 08/02/2020 0.095 0.015 0.020 0.015 7164WA KNM-WA 0.015 Unch 148.4 0.315 0.980 215.87 15/11/2017
0.160 0.110 0.135 0.135 7076CD CBIP-CD 0.135 0.005 50 2.090 2.000 8.61 18/08/2017 0.150 0.095 0.110 0.105 7164WB KNM-WB 0.110 0.010 770.9 0.315 1.000 252.38 21/04/2020
0.505 0.290 0.380 0.370 7076WA CBIP-WA 0.380 0.020 57.6 2.090 2.400 33.01 06/11/2019 0.410 0.070 0.105 0.090 7017WB KOMARK-WB 0.100 0.010 591 0.295 0.300 35.59 21/01/2020
0.125 0.015 0.125 0.090 5195WA CENSOF-WA 0.125 0.035 18844.6 0.340 0.460 72.06 18/07/2017 0.810 0.410 0.510 0.510 5878WB KPJ-WB 0.510 0.005 280 4.100 4.010 10.24 23/01/2019
0.150 0.045 0.150 0.115 5195WB CENSOF-WB 0.150 0.035 51085.8 0.340 0.460 79.41 07/10/2019 0.150 0.030 0.105 0.095 5038CG KSL-CG 0.105 0.010 1467.5 1.160 1.200 12.50 06/06/2017
0.225 0.100 0.155 0.150 102312 CIMB-C12 0.155 0.025 115 5.090 4.500 0.59 17/03/2017 0.650 0.450 0.580 0.570 9385WA LAYHONG-WA 0.570 Unch 85.7 0.910 0.400 6.59 13/10/2021
0.090 0.075 0.085 0.085 102316 CIMB-C16 0.085 0.010 21.4 5.090 5.250 11.49 30/06/2017 0.375 0.100 0.160 0.155 8494WA LBICAP-WA 0.155 Unch 37.4 1.200 1.000 -3.75 17/04/2018
0.180 0.110 0.160 0.145 102317 CIMB-C17 0.160 0.025 968 5.090 4.750 5.89 31/05/2017 0.860 0.340 0.855 0.845 5789WA LBS-WA 0.850 0.010 359.5 1.880 1.000 -1.60 11/06/2018
0.095 0.040 0.090 0.080 0102WA CONNECT-WA 0.090 Unch 145.3 0.170 0.100 11.76 17/09/2021 0.615 0.245 0.615 0.605 5789WB LBS-WB 0.615 0.005 444.9 1.880 1.250 -0.80 04/10/2020
0.090 0.035 0.090 0.085 0102WB CONNECT-WB 0.090 0.005 376.7 0.170 0.100 11.76 07/06/2021 0.220 0.150 0.170 0.160 7126WA LONBISC-WA 0.170 0.010 61.6 0.740 1.000 58.11 26/01/2020
0.020 0.005 0.005 0.005 5214WA CSL-WA 0.005 Unch 625.5 0.065 1.150 1,677 18/09/2017 0.045 0.020 0.040 0.035 5068WA LUSTER-WA 0.040 Unch 3888.2 0.090 0.100 55.56 03/06/2022
0.150 0.020 0.075 0.065 0051WA CUSCAPI-WA 0.070 0.010 817.7 0.190 0.270 78.95 24/04/2018 0.050 0.020 0.045 0.035 5068WB LUSTER-WB 0.045 0.005 5681.1 0.090 0.100 61.11 26/05/2023
0.020 0.005 0.015 0.010 7179WB DBE-WB 0.015 Unch 4086.4 0.035 0.050 85.71 22/01/2022 0.060 0.015 0.025 0.020 0017WA M3TECH-WA 0.025 0.005 350.2 0.060 0.100 108.33 21/08/2019
0.030 0.005 0.005 0.005 0152WA DGB-WA 0.005 -0.005 80 0.035 0.110 228.57 22/04/2018 0.750 0.210 0.655 0.650 7617WB MAGNA-WB 0.655 Unch 109 1.610 0.900 -3.42 04/09/2020
0.100 0.065 0.090 0.075 727710 DIALOG-C10 0.080 Unch 2544.9 1.680 1.550 6.55 10/07/2017 0.160 0.030 0.045 0.035 8583C6 MAHSING-C6 0.035 -0.010 133.5 1.470 1.650 14.63 31/07/2017
0.145 0.100 0.135 0.125 727711 DIALOG-C11 0.125 -0.005 49.8 1.680 1.480 2.98 18/05/2017 0.265 0.150 0.170 0.155 8583WB MAHSING-WB 0.160 -0.005 1149.5 1.470 1.440 8.84 16/03/2018
0.090 0.045 0.080 0.075 0029WB DIGISTA-WB 0.080 0.005 54.1 0.175 0.260 94.29 04/04/2023 0.160 0.085 0.115 0.105 8583WC MAHSING-WC 0.105 -0.015 158.3 1.470 2.100 50.00 21/02/2020
0.185 0.045 0.185 0.140 4456WD DNEX-WD 0.180 0.040 301503.7 0.425 0.500 60.00 30/07/2021 0.100 0.020 0.020 0.020 5264CR MALAKOF-CR 0.020 Unch 1420 1.200 1.500 28.33 28/07/2017
0.110 0.060 0.075 0.070 7114WA DNONCE-WA 0.075 Unch 327.5 0.245 0.250 32.65 25/11/2020 0.050 0.015 0.050 0.015 5264CS MALAKOF-CS 0.050 -0.100 790.1 1.200 1.700 45.83 28/07/2017
0.255 0.070 0.080 0.070 5265WA DOLPHIN-WA 0.075 -0.005 1481 0.295 0.800 196.61 29/03/2021 0.100 0.030 0.040 0.035 5264CT MALAKOF-CT 0.040 0.010 5431.5 1.200 1.500 28.33 31/10/2017
0.070 0.035 0.040 0.040 7198WB DPS-WB 0.040 -0.005 190 0.080 0.100 75.00 15/01/2025 0.065 0.015 0.025 0.015 5264CU MALAKOF-CU 0.020 Unch 21845.3 1.200 1.450 25.00 30/06/2017
0.145 0.025 0.045 0.035 161925 DRBHCOMC25 0.045 0.010 321 1.450 1.550 14.66 31/03/2017 0.285 0.085 0.235 0.225 6181WB MALTON-WB 0.230 0.005 1054.7 0.910 1.000 35.16 29/06/2018
0.140 0.030 0.135 0.110 161926 DRBHCOMC26 0.115 0.005 5653.4 1.450 1.550 18.79 30/08/2017 0.015 0.005 0.010 0.005 5189WA MAXWELL-WA 0.010 Unch 6457.1 0.025 0.400 1,540 24/03/2020
0.085 0.030 0.075 0.070 161927 DRBHCOMC27 0.075 0.010 2530 1.450 1.700 27.59 22/08/2017 0.110 0.040 0.070 0.060 115523 MAYBANKC23 0.070 Unch 200 8.620 8.400 1.51 17/03/2017
0.205 0.105 0.200 0.190 161928 DRBHCOMC28 0.200 0.010 6783.2 1.450 1.050 6.90 30/06/2017 0.235 0.080 0.215 0.195 115524 MAYBANKC24 0.215 0.010 305.9 8.620 8.000 -0.96 30/06/2017
0.230 0.115 0.230 0.215 161930 DRBHCOMC30 0.225 0.005 4269.1 1.450 1.100 6.90 30/11/2017 0.570 0.185 0.510 0.500 5152WA MBL-WA 0.500 -0.010 144.5 1.110 0.800 17.12 28/11/2022
0.155 0.085 0.150 0.145 161931 DRBHCOMC31 0.145 0.005 150 1.450 1.250 13.21 31/07/2017 0.225 0.020 0.070 0.060 5983WA MBMR-WA 0.070 0.005 888 2.450 3.200 33.47 14/06/2017
0.115 0.080 0.110 0.105 161932 DRBHCOMC32 0.110 0.010 1235 1.450 1.450 21.24 30/08/2017 0.185 0.070 0.085 0.075 5040WA MEDAINC-WA 0.085 0.015 109.3 0.490 0.500 19.39 13/08/2021
0.105 0.060 0.075 0.070 5216CU DSONIC-CU 0.075 0.005 1279 1.200 1.300 23.96 31/07/2017 0.065 0.025 0.045 0.045 5040WB MEDAINC-WB 0.045 Unch 100 0.490 0.600 31.63 22/04/2022
0.100 0.070 0.085 0.085 5216CV DSONIC-CV 0.085 0.005 394 1.200 1.300 22.50 31/10/2017 0.395 0.205 0.245 0.245 0081WA MEGASUN-WA 0.245 0.010 4 0.350 0.100 -1.43 29/04/2019
0.190 0.055 0.155 0.140 3417C5 E&O-C5 0.145 Unch 280 1.870 1.650 3.74 15/06/2017 0.405 0.130 0.190 0.180 1694WB MENANG-WB 0.190 Unch 189.4 0.800 1.000 48.75 09/07/2019
0.260 0.120 0.175 0.170 3417WB E&O-WB 0.170 Unch 155.5 1.870 2.600 48.13 21/07/2019 0.185 0.010 0.115 0.110 0075WA MEXTER-WA 0.115 Unch 419.6 0.250 0.130 -2.00 17/09/2018
0.075 0.020 0.025 0.025 0154WB EAH-WB 0.025 Unch 845.9 0.055 0.120 163.64 24/02/2019 1.310 0.305 1.270 1.210 3069WA MFCB-WA 1.260 0.030 794.8 2.970 2.220 17.17 08/04/2020
0.195 0.090 0.105 0.105 3557WC ECOFIRS-WC 0.105 Unch 2.3 0.260 0.300 55.77 10/09/2019 0.415 0.015 0.020 0.015 3662WB MFLOUR-WB 0.015 -0.005 1608.1 1.480 2.060 40.20 09/05/2017
0.465 0.350 0.415 0.400 8206WA ECOWLD-WA 0.415 0.020 356.7 1.470 2.080 69.73 26/03/2022 0.100 0.010 0.020 0.010 5026WA MHC-WA 0.020 -0.015 128 0.865 1.560 82.66 28/07/2017
0.180 0.045 0.055 0.045 0107WA EDUSPEC-WA 0.050 Unch 977.9 0.170 0.180 35.29 24/12/2018 0.355 0.175 0.225 0.210 5576WC MINHO-WC 0.220 0.010 420.7 0.595 0.500 21.01 02/08/2021
1.480 0.400 1.200 1.050 0065WA EFORCE-WA 1.190 0.140 888.9 1.680 0.680 11.31 17/07/2019 0.145 0.025 0.055 0.050 3816C8 MISC-C8 0.050 -0.005 118.4 7.320 7.500 5.87 31/05/2017
0.670 0.425 0.535 0.505 8907WC EG-WC 0.530 0.030 1145.6 0.885 0.500 16.38 03/11/2020 0.125 0.125 0.125 0.125 3816C9 MISC-C9 0.125 -0.025 110 7.320 7.500 12.70 18/08/2017
0.065 0.005 0.015 0.015 7182WA EKA-WA 0.015 Unch 4793.1 0.075 0.200 186.67 22/01/2019 0.625 0.350 0.475 0.465 9571WD MITRA-WD 0.475 0.010 258.2 1.280 1.090 22.27 23/08/2020
0.825 0.112 0.825 0.720 8877WB EKOVEST-WB 0.825 0.095 7777.4 1.260 0.480 3.57 25/06/2019 1.380 0.650 1.020 1.000 6114WB MKH-WB 1.020 0.020 211.1 2.930 1.890 -0.68 29/12/2017
0.510 0.305 0.410 0.395 5056WA ENGTEX-WA 0.410 0.015 1045 1.270 0.830 -2.36 25/10/2017 0.550 0.140 0.530 0.460 7595WA MLGLOBAL-WA 0.460 -0.015 25 0.920 0.500 4.35 27/10/2019
0.550 0.040 0.105 0.100 7249WA EWEIN-WA 0.105 -0.010 494.9 0.730 0.610 -2.05 09/06/2017 0.220 0.100 0.185 0.155 2194C4 MMCCORP-C4 0.155 -0.005 129.2 2.500 2.250 2.40 31/07/2017
0.085 0.005 0.010 0.010 3689CB F&N-CB 0.010 Unch 100 23.26 24.80 7.48 30/06/2017 0.145 0.095 0.140 0.140 2194C5 MMCCORP-C5 0.140 -0.005 50 2.500 2.400 10.00 18/08/2017
0.240 0.100 0.225 0.200 7047WB FAJAR-WB 0.220 0.020 4090.9 0.670 0.700 37.31 24/09/2019 0.200 0.075 0.200 0.195 3867CD MPI-CD 0.200 0.015 85 9.780 8.300 3.27 06/06/2017
0.245 0.125 0.140 0.130 9776WB FARMBES-WB 0.140 Unch 207.7 0.730 1.000 56.16 13/07/2018 0.295 0.070 0.245 0.230 3867CE MPI-CE 0.245 0.020 180.1 9.780 8.100 2.86 13/07/2017
0.115 0.045 0.090 0.085 06501A FBMKLCI-C1A 0.085 Unch 250 1,697 1,640 0.11 31/05/2017 0.070 0.020 0.025 0.020 0070WA MQTECH-WA 0.025 Unch 1120 0.045 0.100 177.78 21/11/2021
0.360 0.200 0.285 0.280 06501C FBMKLCI-C1C 0.285 -0.045 601.6 1,697 1,660 1.98 28/04/2017 0.155 0.035 0.100 0.095 1651C7 MRCB-C7 0.095 -0.010 1584 1.410 1.220 0.00 31/03/2017
0.500 0.225 0.230 0.225 06502E FBMKLCI-H2E 0.225 -0.015 200 1,697 1,700 3.45 28/04/2017 0.190 0.070 0.135 0.115 1651C9 MRCB-C9 0.115 Unch 82 1.410 1.450 10.99 30/08/2017
0.200 0.035 0.040 0.040 06502F FBMKLCI-H2F 0.040 -0.005 90 1,697 1,680 0.61 30/06/2017 0.165 0.085 0.105 0.100 1651WA MRCB-WA 0.105 0.005 1927.3 1.410 2.300 70.57 14/09/2018
0.335 0.150 0.150 0.150 06502J FBMKLCI-H2J 0.150 -0.135 10 1,697 1,590 -4.13 31/05/2017 0.330 0.150 0.280 0.260 0138C1 MYEG-C1 0.275 0.015 499.4 1.690 1.400 4.54 30/06/2017
0.115 0.025 0.025 0.025 06502L FBMKLCI-H2L 0.025 Unch 120 1,697 1,625 -3.25 31/07/2017 0.160 0.140 0.160 0.150 13810 MYEG-C10 0.160 0.020 250 1.690 1.600 13.61 18/08/2017
0.460 0.235 0.240 0.235 06502N FBMKLCI-H2N 0.235 -0.015 301.6 1,697 1,650 0.65 30/06/2017 0.225 0.195 0.225 0.210 13811 MYEG-C11 0.225 0.020 590 1.690 1.380 10.95 31/07/2017
0.460 0.395 0.400 0.400 06502S FBMKLCI-H2S 0.400 0.005 10 1,697 1,710 6.62 31/07/2017 0.150 0.115 0.125 0.120 13812 MYEG-C12 0.125 0.005 2896 1.690 1.500 18.34 18/09/2017
0.155 0.010 0.015 0.015 65093 FBMKLCI-H93 0.015 Unch 350 1,697 1,690 0.17 31/03/2017 0.180 0.050 0.075 0.060 0138C2 MYEG-C2 0.075 0.020 3275 1.690 1.767 11.94 28/04/2017
0.565 0.120 0.150 0.130 8605WB FFHB-WB 0.140 0.010 172.7 0.670 0.500 -4.48 30/03/2017 0.235 0.115 0.145 0.135 0138C3 MYEG-C3 0.140 0.005 695.4 1.690 1.533 4.53 28/04/2017
0.605 0.130 0.265 0.255 522212 FGV-C12 0.255 -0.020 101 1.870 1.350 -0.53 14/03/2017 0.100 0.065 0.075 0.075 0138C7 MYEG-C7 0.075 0.010 50 1.690 1.867 22.29 22/08/2017
0.705 0.115 0.285 0.260 522213 FGV-C13 0.270 Unch 908 1.870 1.500 1.87 28/04/2017 0.180 0.115 0.160 0.145 0138C8 MYEG-C8 0.160 0.015 655.3 1.690 1.567 8.48 31/10/2017
0.490 0.070 0.155 0.130 522214 FGV-C14 0.140 -0.015 3327.2 1.870 1.600 0.53 17/03/2017 0.170 0.140 0.170 0.165 0138C9 MYEG-C9 0.170 0.010 200 1.690 1.600 11.44 16/08/2017
0.255 0.025 0.055 0.050 522216 FGV-C16 0.050 -0.005 15377.2 1.870 1.950 12.30 09/05/2017 0.200 0.060 0.155 0.135 0138CZ MYEG-CZ 0.155 0.020 860.5 1.690 1.333 0.29 14/03/2017
0.265 0.020 0.030 0.025 522217 FGV-C17 0.025 -0.010 345 1.870 2.200 20.86 31/03/2017 0.030 0.015 0.020 0.020 0096WC NEXGRAM-WC 0.020 Unch 50 0.040 0.100 200.00 15/01/2024
0.160 0.020 0.040 0.035 522221 FGV-C21 0.040 Unch 2827.7 1.870 2.550 40.64 30/08/2017 0.050 0.005 0.015 0.015 7139WA NICE-WA 0.015 -0.005 50.1 0.090 0.160 94.44 09/08/2017
0.185 0.095 0.160 0.145 522222 FGV-C22 0.155 -0.010 2829.6 1.870 1.650 11.44 30/06/2017 0.105 0.010 0.045 0.045 0083WB NOTION-WB 0.045 Unch 1822.8 0.865 1.000 20.81 02/05/2017
0.095 0.055 0.075 0.065 522223 FGV-C23 0.075 Unch 6734.9 1.870 1.850 12.97 31/07/2017 0.270 0.150 0.240 0.230 0172WA OCK-WA 0.235 Unch 1773.8 0.820 0.710 15.24 15/12/2020
0.170 0.120 0.140 0.130 522224 FGV-C24 0.135 -0.005 160 1.870 1.850 16.98 31/07/2017 0.160 0.060 0.140 0.130 7071WC OCR-WC 0.135 Unch 2732.6 0.525 0.500 20.95 24/07/2021
0.135 0.065 0.090 0.085 9318WB FITTERS-WB 0.090 0.010 415.9 0.405 1.000 169.14 12/10/2019 0.150 0.060 0.100 0.100 9008WB OMESTI-WB 0.100 Unch 40 0.465 0.500 29.03 30/05/2018
0.055 0.030 0.035 0.035 0116WC FOCUS-WC 0.035 Unch 70 0.085 0.050 0.00 06/11/2019 0.335 0.195 0.245 0.240 5053WC OSK-WC 0.240 -0.010 73.2 1.460 1.800 39.73 22/07/2020
0.490 0.230 0.450 0.430 9261WB GADANG-WB 0.450 0.015 2948.5 0.450 1.060 235.56 29/11/2021 0.235 0.020 0.130 0.100 7052CF PADINI-CF 0.130 0.035 4946.7 2.990 2.900 5.69 30/06/2017
0.125 0.075 0.095 0.090 539831 GAMUDA-C31 0.090 0.005 120 4.950 4.900 4.44 29/09/2017 0.185 0.040 0.045 0.040 7052CH PADINI-CH 0.045 -0.020 260 2.990 3.300 14.88 31/03/2017
0.150 0.135 0.135 0.135 539834 GAMUDA-C34 0.135 -0.015 20 4.950 5.150 14.95 18/09/2017 0.095 0.010 0.030 0.030 0005WA PALETTE-WA 0.030 Unch 80 0.055 0.040 27.27 20/03/2018
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Stocks rise on better-than-
expected factory surveys
SHANGHAI: China stocks rose yesterday
after better-than-expected factory activity
surveys reinforced recent signs of rising
economic momentum, but gains were pared
in the afternoon as investors took profits.
The blue-chip CSI 300 Index added
0.16% to 3,458.44 points while the
Shanghai Composite Index also tacked
on 0.16% to 3,246.93.
China’s factory activity expanded faster
than expected in February, with growth in
both output and orders accelerating, official
and private factory surveys showed.
“This is the seventh consecutive
month that China’s official manufacturing
Purchasing Managers’ Index (PMI) stayed
within expansionary territory, suggesting
that industrial activity remains buoyant,” said
Zhou Hao, emerging markets economist
at Commerzbank AG in Singapore.
Analysts say the survey results inject
a dose of confidence into the market, at
a time when fears surge that the recent
recovery, triggered by government stimulus,
has seen its day.
“There has been concern that the
economic recovery we’ve seen is short-
lived, and that growth will slow again in the
second quarter. So this is good news,” said
Chang Chengwei, analyst at Hengtai Futures.
Chang added that investors were also
hopeful that the National People’s Congress,
which starts this weekend, will unveil reform
policies that “exceed expectations”.
Most sectors rose, led by resources
stocks.
Shares in express delivery firm SF
Holding climbed 4.8% in its seventh session
of gains, surging as much as 83.5% in just
seven trading days. The stock had briefly
made its founder Wang Wei the country’s
second-richest person, only behind Dalian
Wanda’s Wang Jianlin.
Hong Kong shares edged higher
yesterday, snapping a four-day losing
streak, helped by better-than-expected
Chinese PMI official data.
The benchmark Hang Seng Index rose
0.15% to 23,776.49 points, while the Hong
Kong China Enterprises Index lost 0.1%
to 10,287.98, as investors locked in profits
after sharp recent share-price gains in
Hong Kong.
Linus Yip, strategist at First Shanghai
Securities Ltd, said the Hong Kong market
benefited from reports on the mainland’s
economy but gains were limited as US
President Donald Trump’s speech to US
Congress contained few specifics or surprises.
Most sectors gained ground at the close,
with services stocks leading the gains,
rising 2.1%.
Macau casino operators Sands China
and Galaxy Entertainment Group Ltd
jumped around 3.7% and 5.4% respectively,
as gambling revenue hit a two-year high
in February.
Europe — Shares ease on weaker
insurance sector, Italian stocks surge
MILAN: European shares ticked lower on
Monday, weighed down by losses among
insurance stocks, while exchange operators
slipped on expectations that the merger
between London Stock Exchange (LSE)
and Deutsche Boerse will fail.
The STOXX Europe 600 Index closed
0.1% lower, adding to last Friday’s steep
losses that sent the pan-European index
to its lowest closing level for three weeks.
Generali, down 2.8%, was among the
biggest drags on the STOXX after Intesa
Sanpaolo said it had decided not to pursue
a possible tie-up with Italy’s biggest insurer.
The decision, which helped Intesa gain
5.5% on relief that the Italian bank was
not putting its dividend at risk to pursue
the deal, prompted some analysts to
downgrade Generali.
“As we do not expect another bidder, our
valuation now implies 10% downside,” said
RBC Capital Markets, which downgraded
Generali to “underperform” from “outperform”.
However, a rally for shares including Intesa
Sanpaolo and Banco BPM helped Italy’s
benchmark FTSE MIB Index surge 1.7%.
Banco BPM was up 6.1%, the top gainer
in the STOXX 600, after the lender said that
it comfortably met the European Central
Bank’s capital requirements.
Shares in Meggitt surged 10.6%, making
them the top gainers in the STOXX 600,
after the British car and aeroplane parts
maker posted a 13% rise in adjusted profits
and raised its dividend payout.
However, insurance stocks lost ground.
Britain’s biggest motor insurers Admiral and
Direct Line fell 2.5% and 7.2% respectively
after the government announced new
rules that push up lump sum payments
for personal injury claims, a change the
industry’s trade body described as “crazy”.
LSE and Deutsche Boerse fell 1.1%
and 2.4% respectively after LSE said that
its proposed merger with the German
exchange was unlikely to be approved by
the European Commission.
“It becomes clear that the merger with
Deutsche Boerse is on a knife edge ...
there is a long, long way to fall if this tie-
up dies,” ETX Capital market analyst Neil
Wilson said.
Among other listed exchange operators,
Euronext was down 2.2%.
Elsewhere, Dutch mail and parcel
company PostNL fell 7.4% after its underlying
cash operating income for the fiscal year
came in below market expectations.
Adidas rose 3.9% after UBS and RBC
lifted their ratings in the first upgrade for the
German sportswear group for seven months.
“We think [the] upgrade cycle will
continue this year and see opportunities
for Adidas to surprise on sales growth,
gross margin and operating leverage,”
UBS analyst Fred Speirs said in a note.
— Reuters

Shanghai Composite Hang Seng Euro STOXX 50 Index Dow Jones

Index points Index points Index points Index points
5800
3,246.93 28900 3900 3,319.61 21100
+5.20 10.31
(+0.16%) (+0.31%)
4825 25625 21,056.93 3415 18200
2,772.70
3850 22350 2930 15300
10,403.79 20,812.24
3,087.842 -25.20
2875 19075 23,776.49 2445 12400 (-0.12%)
+35.76
(+0.15%)
1900 15800 1960 9500

Mar 1, 2010 Mar 1, 2017 Mar 1, 2010 Mar 1, 2017 Mar 1, 2010 Feb 28, 2017 Mar 1, 2010 Feb 28, 2017

Bursa Malaysia Equity Derivatives YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.170 0.140 0.140 0.140 5263CI SUNCON-CI 0.140 -0.030 25 1.720 1.650 12.21 16/08/2017
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.140 0.060 0.110 0.105 0148WB SUNZEN-WB 0.110 0.005 929.1 0.290 0.250 24.14 25/02/2021
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.160 0.010 0.010 0.010 710618 SUPERMX-C18 0.010 Unch 1053.7 2.010 2.200 10.70 28/04/2017
0.070 0.070 0.070 0.070 710626 SUPERMX-C26 0.070 Unch 50 2.010 2.200 19.90 31/10/2017
0.176 0.080 0.150 0.150 5125WA PANTECH-WA 0.150 -0.010 1.8 0.475 0.600 57.89 21/12/2020 0.250 0.155 0.180 0.175 7082WB SYF-WB 0.180 0.005 516 0.590 0.700 49.15 11/11/2019
0.190 0.105 0.160 0.150 5125WB PANTECH-WB 0.160 Unch 605.3 0.475 0.500 38.95 21/12/2021 0.265 0.125 0.235 0.205 1538WB SYMLIFE-WB 0.230 Unch 122.3 0.760 1.100 75.00 11/11/2020
0.270 0.145 0.180 0.170 5022WA PAOS-WA 0.170 -0.010 363.2 0.535 0.500 25.23 14/12/2021 0.190 0.100 0.105 0.100 5012CI TAANN-CI 0.100 -0.035 23 3.800 3.700 7.89 15/06/2017
0.225 0.145 0.170 0.150 518310 PCHEM-C10 0.170 0.015 90 7.300 7.100 5.41 18/08/2017 0.070 0.050 0.060 0.055 6139CB TAKAFUL-CB 0.060 Unch 200 3.940 4.250 15.48 22/08/2017
0.210 0.065 0.160 0.135 5183C9 PCHEM-C9 0.160 0.015 812.4 7.300 7.000 3.56 29/09/2017 0.395 0.170 0.220 0.200 8524WB TALIWRK-WB 0.220 0.010 26.1 1.520 1.700 26.32 11/11/2018
0.400 0.200 0.220 0.220 9997WB PENSONI-WB 0.220 0.005 3 0.640 0.600 28.13 20/01/2024 0.955 0.730 0.785 0.770 5191WA TAMBUN-WA 0.785 -0.010 22 1.390 0.600 -0.36 30/05/2017
0.035 0.010 0.010 0.010 5146WA PERWAJA-WA 0.010 Unch 30 0.080 1.000 1,162 28/02/2022 0.110 0.055 0.080 0.075 0132WA TDEX-WA 0.080 Unch 35 0.145 0.110 31.03 21/09/2018
0.440 0.120 0.405 0.390 8311WC PESONA-WC 0.405 0.015 889 0.665 0.250 -1.50 27/01/2020 0.150 0.085 0.095 0.090 534735 TENAGA-C35 0.095 -0.005 44 13.540 13.800 6.13 30/11/2017
0.180 0.055 0.180 0.105 5681CR PETDAG-CR 0.140 0.030 614.4 24.98 23.40 0.40 30/06/2017 0.100 0.100 0.100 0.100 534736 TENAGA-C36 0.100 -0.050 30 13.540 13.000 7.09 30/11/2017
0.705 0.100 0.455 0.435 3042CB PETRONM-CB 0.440 -0.015 446.2 6.210 4.500 14.98 31/07/2017 0.580 0.260 0.370 0.350 7252WA TEOSENG-WA 0.370 0.060 30 1.060 1.350 62.26 29/01/2020
2.130 0.450 2.130 2.080 8869WC PMETAL-WC 2.110 0.050 794.4 2.520 1.100 27.38 22/08/2019 3.560 1.720 3.000 2.940 7034WA TGUAN-WA 3.000 Unch 92.6 4.440 1.500 1.35 09/10/2019
0.890 0.615 0.850 0.835 7088WB POHUAT-WB 0.850 0.010 348.4 1.830 1.000 1.09 21/10/2020 0.110 0.055 0.070 0.070 7889WB THRIVEN-WB 0.070 -0.005 1.8 0.210 0.640 238.10 05/10/2020
0.200 0.110 0.170 0.160 4634C3 POS-C3 0.160 -0.005 522 4.390 4.000 5.69 30/08/2017 0.015 0.005 0.005 0.005 7079WB TIGER-WB 0.005 Unch 367.7 0.040 0.170 337.50 23/12/2018
0.640 0.135 0.575 0.550 7168WA PRG-WA 0.565 -0.010 413.8 0.880 0.375 6.82 06/07/2019 0.090 0.025 0.030 0.030 486314 TM-C14 0.030 Unch 100 6.180 6.700 9.63 29/09/2017
0.690 0.405 0.495 0.475 8966WA PRLEXUS-WA 0.495 0.020 106 1.370 1.200 23.72 14/06/2021 0.080 0.055 0.065 0.055 0101CC TMCLIFE-CC 0.055 Unch 373 0.945 1.000 17.46 31/10/2017
0.095 0.040 0.065 0.065 7145WA PSIPTEK-WA 0.065 Unch 661.5 0.130 0.100 26.92 16/11/2019 0.315 0.170 0.275 0.270 0101WB TMCLIFE-WB 0.275 Unch 195.1 0.945 0.750 8.47 21/06/2019
0.055 0.020 0.050 0.045 0007WA PUC-WA 0.050 Unch 1125.4 0.095 0.100 57.89 25/12/2024 0.765 0.410 0.580 0.570 8397WC TNLOGIS-WC 0.580 0.005 364.2 1.590 1.000 -0.63 26/12/2018
0.040 0.015 0.030 0.025 0007WB PUC-WB 0.030 Unch 978 0.095 0.100 36.84 15/02/2019 0.460 0.275 0.440 0.430 7285WA TOMYPAK-WA 0.435 Unch 681.6 1.800 2.290 51.39 21/06/2021
0.950 0.215 0.270 0.270 6807WB PUNCAK-WB 0.270 -0.050 1 0.930 1.000 36.56 20/07/2018 0.260 0.125 0.140 0.130 7113C8 TOPGLOV-C8 0.140 0.015 435 5.100 4.700 3.14 31/03/2017
0.380 0.215 0.315 0.295 7134WA PWF-WA 0.310 -0.010 114.5 0.855 0.620 8.77 20/07/2021 0.150 0.045 0.045 0.045 7113C9 TOPGLOV-C9 0.045 -0.015 110 5.100 5.000 2.45 27/03/2017
0.115 0.065 0.080 0.070 7498WB RALCO-WB 0.070 -0.010 63.1 0.750 1.000 42.67 13/12/2019 0.340 0.230 0.270 0.240 5401WA TROP-WA 0.270 Unch 12 0.990 1.000 28.28 06/12/2019
0.170 0.020 0.145 0.130 5256WA REACH-WA 0.140 0.015 59012 0.635 0.750 40.16 12/08/2022 0.215 0.110 0.170 0.130 5042WB TSRCAP-WB 0.170 0.045 35 0.500 0.700 74.00 28/12/2020
0.115 0.030 0.045 0.040 1066CW RHBBANK-CW 0.045 0.005 192.8 4.940 5.000 4.86 31/05/2017 0.165 0.045 0.055 0.055 514831 UEMS-C31 0.055 Unch 104 1.130 1.150 9.07 30/06/2017
0.115 0.060 0.090 0.080 5270WA RSENA-WA 0.090 0.010 19979.9 0.450 0.500 31.11 01/12/2023 0.085 0.020 0.020 0.020 514832 UEMS-C32 0.020 Unch 400 1.130 1.350 24.78 10/07/2017
0.080 0.010 0.020 0.015 0133WB SANICHI-WB 0.020 Unch 50.1 0.070 0.210 228.57 13/03/2018 0.130 0.095 0.100 0.100 514839 UEMS-C39 0.100 0.005 9.9 1.130 1.050 10.62 31/07/2017
0.035 0.020 0.025 0.025 0133WD SANICHI-WD 0.025 Unch 304 0.070 1.000 1,364 21/07/2019 0.110 0.075 0.085 0.085 514841 UEMS-C41 0.085 -0.005 9.8 1.130 1.140 15.93 31/10/2017
0.150 0.060 0.080 0.070 5157WA SAUDEE-WA 0.080 Unch 20.2 0.325 0.500 78.46 31/03/2021 0.320 0.015 0.055 0.045 4588CY UMW-CY 0.055 0.005 4456.5 5.600 5.700 6.70 31/05/2017
0.350 0.020 0.090 0.065 7073WA SEACERA-WA 0.090 Unch 606.8 0.965 1.000 12.95 16/05/2017 0.175 0.075 0.130 0.115 4588CZ UMW-CZ 0.130 0.015 0.6 5.600 5.600 11.61 22/08/2017
0.370 0.160 0.265 0.240 7073WB SEACERA-WB 0.265 Unch 60.6 0.965 1.000 31.09 29/05/2019 0.090 0.015 0.015 0.015 524313 UMWOG-C13 0.015 Unch 50 0.650 0.850 36.54 31/05/2017
0.095 0.090 0.095 0.090 5250CF SEM-CF 0.095 -0.055 200 1.470 1.550 18.37 28/11/2017 0.075 0.050 0.055 0.055 524315 UMWOG-C15 0.055 0.005 200 0.650 0.750 32.31 30/08/2017
0.145 0.070 0.120 0.115 0055WA SERSOL-WA 0.115 -0.010 290 0.155 0.180 90.32 18/04/2023 0.165 0.010 0.015 0.010 5243C7 UMWOG-C7 0.015 0.005 615 0.650 1.000 56.15 31/05/2017
0.465 0.210 0.250 0.240 7246WA SIGN-WA 0.250 0.010 269.1 0.875 0.970 39.43 21/04/2021 0.200 0.070 0.090 0.080 7091WA UNIMECH-WA 0.080 -0.020 394 1.080 1.500 46.30 18/09/2018
0.225 0.145 0.185 0.185 419712 SIME-C12 0.185 -0.010 50 9.040 8.500 6.31 18/08/2017 0.192 0.055 0.070 0.060 0069WB VIVOCOM-WB 0.070 -0.010 21337 0.165 0.200 63.64 07/09/2018
0.210 0.185 0.185 0.185 419713 SIME-C13 0.185 Unch 30 9.040 9.400 15.24 30/08/2017 0.228 0.075 0.105 0.090 0069WC VIVOCOM-WC 0.100 -0.010 7685.5 0.165 0.100 21.21 22/01/2020
0.170 0.130 0.135 0.130 419714 SIME-C14 0.135 Unch 225 9.040 9.000 7.02 29/12/2017 0.042 0.021 0.030 0.030 7070WB VIZIONE-WB 0.030 0.005 50.6 0.120 0.160 58.33 20/06/2018
0.315 0.115 0.290 0.280 4197C8 SIME-C8 0.290 0.010 420.1 9.040 7.750 1.77 31/07/2017 0.060 0.030 0.060 0.050 7070WC VIZIONE-WC 0.055 0.005 28247.3 0.120 0.100 29.17 05/02/2022
0.270 0.070 0.245 0.245 521829 SKPETROC29 0.245 -0.005 11.7 1.890 1.400 0.00 31/05/2017 0.395 0.195 0.280 0.270 6963WA VS-WA 0.280 0.010 5259.3 1.560 1.650 23.72 06/01/2019
0.150 0.065 0.135 0.135 521836 SKPETROC36 0.135 -0.005 20 1.890 1.620 7.14 31/05/2017 0.300 0.160 0.220 0.205 9679WD WCT-WD 0.220 -0.005 425.3 1.870 1.710 3.21 11/12/2017
0.120 0.070 0.110 0.105 521837 SKPETROC37 0.110 Unch 760 1.890 1.850 12.43 31/07/2017 0.235 0.160 0.195 0.190 9679WE WCT-WE 0.195 Unch 492.4 1.870 2.080 21.66 27/08/2020
0.210 0.140 0.205 0.195 521838 SKPETROC38 0.195 -0.005 332 1.890 1.650 7.94 30/11/2017 0.035 0.010 0.015 0.010 0141WA WINTONI-WA 0.015 Unch 1746.3 0.040 0.100 187.50 23/02/2019
0.180 0.120 0.170 0.165 521839 SKPETROC39 0.165 -0.005 400 1.890 1.850 17.09 31/07/2017 0.125 0.015 0.025 0.020 5246CP WPRTS-CP 0.025 Unch 180.5 3.970 4.400 12.72 31/07/2017
0.205 0.115 0.140 0.135 7155CB SKPRES-CB 0.140 -0.005 653.1 1.360 1.300 5.88 06/06/2017 0.095 0.030 0.045 0.045 5246CQ WPRTS-CQ 0.045 Unch 400 3.970 4.450 15.49 18/08/2017
0.790 0.470 0.700 0.680 7155WA SKPRES-WA 0.700 Unch 176.7 1.360 0.650 -0.74 27/06/2017 0.875 0.490 0.810 0.760 7245WA WZSATU-WA 0.810 0.035 188.1 1.250 0.500 4.80 28/10/2024
0.130 0.025 0.040 0.040 0117WA SMRT-WA 0.040 Unch 195.3 0.160 0.180 37.50 01/08/2017 0.025 0.005 0.015 0.015 5156WC XDL-WC 0.015 Unch 0.2 0.035 0.040 57.14 02/07/2018
0.255 0.100 0.215 0.205 0093WA SOLUTN-WA 0.210 0.005 627.8 0.315 0.200 30.16 04/07/2021 0.020 0.005 0.010 0.010 0095WA XINGHE-WA 0.010 0.005 160 0.035 0.100 214.29 22/03/2019
0.170 0.135 0.140 0.135 8664CW SPSETIA-CW 0.135 -0.010 112 3.390 3.400 6.27 29/12/2017 0.085 0.035 0.040 0.040 0165WA XOX-WA 0.040 Unch 100 0.095 0.200 152.63 10/02/2019
0.095 0.035 0.070 0.060 0129WA SRIDGE-WA 0.070 0.010 1941.4 0.200 0.180 25.00 24/02/2023 0.185 0.025 0.080 0.070 7020WB YKGI-WB 0.075 -0.010 3150.2 0.225 0.500 155.56 28/05/2020
0.095 0.025 0.055 0.050 1201WA SUMATEC-WA 0.055 0.005 187.1 0.075 0.320 400.00 03/03/2021 0.450 0.300 0.370 0.365 6742WB YTLPOWR-WB 0.370 0.005 181.3 1.480 1.140 2.03 11/06/2018
0.065 0.020 0.045 0.040 1201WB SUMATEC-WB 0.040 Unch 2150.4 0.075 0.175 186.67 13/11/2018 0.135 0.040 0.050 0.045 2283WA ZELAN-WA 0.045 Unch 841 0.130 0.250 126.92 25/01/2019
0.185 0.115 0.135 0.135 5263CH SUNCON-CH 0.135 -0.010 40 1.720 1.700 6.69 30/08/2017
Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
3 0 Markets T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Feb 28, 2017) 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. Eurozone bond yields
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AL-’AQAR HEALTHCARE REIT (1,592,000) EMPLOYEES PROVIDENT FUND BOARD 64,418,738 23/2
AMMB (4,000,000) EMPLOYEES PROVIDENT FUND BOARD 403,554,937 23/2
BUMI ARMADA 3,556,700 EMPLOYEES PROVIDENT FUND BOARD 295,470,995 22 & 23/2
CIMB GROUP (15,923,700) EMPLOYEES PROVIDENT FUND BOARD 1,321,474,569 8 & 10/2
D.B.E. GURNEY RESOURCES (1,000,000) ADVANCE CAPITAL PARTNERS PTE LTD., 76,893,620 22/2
SINGAPORE
DIALOG GROUP (5,387,200) EMPLOYEES PROVIDENT FUND BOARD 686,791,204 23/2
DIGI.COM 1,000,000 KUMPULAN WANG PERSARAAN 398,973,400 21/2
(DIPERBADANKAN)
EASTERN & ORIENTAL (2,500,000) LEMBAGA TABUNG HAJI 82,582,878 23 & 24/2
GAMUDA (2,520,800) KUMPULAN WANG PERSARAAN 148,964,800 17, 20
(DIPERBADANKAN) & 21/2
GENTING PLANTATIONS 1,406,800 EMPLOYEES PROVIDENT FUND BOARD 103,932,400 23/2
IGB REAL ESTATE (2,136,500) EMPLOYEES PROVIDENT FUND BOARD 211,694,613 23/2
INVESTMENT TRUST
INARI AMERTRON (1,400,000) EMPLOYEES PROVIDENT FUND BOARD 138,588,950 23/2
IOI CORPORATION 6,000,000 EMPLOYEES PROVIDENT FUND BOARD 436,279,573 23/2
IVORY PROPERTIES GROUP (9,801,596) DATIN KHOO SIEW SIEW 28/2
JAG (25,000,000) DATO NG AIK KEE 201,439,351 24/2
KUALA LUMPUR KEPONG 1,003,500 EMPLOYEES PROVIDENT FUND BOARD 149,773,588 23/2
LBS BINA GROUP 2,352,800 KUMPULAN WANG PERSARAAN 60,952,600 17, 20
(DIPERBADANKAN) & 21/2
LION INDUSTRIES CORPORATION (1,200,000) LEMBAGA TABUNG HAJI 46,030,800 23 & 24/2
MAH SING GROUP (1,500,000) KUMPULAN WANG PERSARAAN 21/2
(DIPERBADANKAN)
MALAKOFF CORPORATION 3,000,000 KUMPULAN WANG PERSARAAN 406,444,334 17 & 20/2
(DIPERBADANKAN)
MALAYAN BANKING (1,888,100) EMPLOYEES PROVIDENT FUND BOARD 1,481,253,322 23/2
MALAYSIA AIRPORTS 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 199,805,406 23/2
MAXIS (705,000) EMPLOYEES PROVIDENT FUND BOARD 701,487,659 23/2 Euro/US dollar cross currency basis swap
MMC CORPORATION (1,597,400) AMANAHRAYA TRUSTEES 610,637,700 27/2
- SKIM AMANAH SAHAM BUMIPUTERA
PETRONAS GAS 1,006,000 EMPLOYEES PROVIDENT FUND BOARD 201,258,732 23/2
PUBLIC BANK 3,113,200 EMPLOYEES PROVIDENT FUND BOARD 515,539,100 23/2
SAPURAKENCANA PETROLEUM (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 720,968,194 23/2
SAPURAKENCANA PETROLEUM 1,092,000 KUMPULAN WANG PERSARAAN 350,700,524 17 & 20/2
(DIPERBADANKAN)
SCGM 1,649,600 KUMPULAN WANG PERSARAAN 7,674,250 17/2
(DIPERBADANKAN)
SIME DARBY 2,500,000 AMANAHRAYA TRUSTEES 2,765,046,272 24/2
- SKIM AMANAH SAHAM BUMIPUTERA
SIME DARBY (11,000,000) PERMODALAN NASIONAL 394,250,089 24/2
SIME DARBY (7,977,300) EMPLOYEES PROVIDENT FUND BOARD 671,836,306 22 & 23/2
T7 GLOBAL (1,183,900) RAHMANDIN @ RAHMANUDIN 36,000,000 27/2
MD SHAMSUDIN
T7 GLOBAL (19,077,250) RAHMANDIN @ RAHMANUDIN 28/2
MD SHAMSUDIN
TIME DOTCOM 1,000,000 KUMPULAN WANG PERSARAAN 47,184,148 17/2
(DIPERBADANKAN)
UEM SUNRISE (946,600) LEMBAGA TABUNG HAJI 314,844,300 23/2
VOIR (2,500,000) DISTINCT SEASONS 9,445,334 16/2
WCT 680,000 EMPLOYEES PROVIDENT FUND BOARD 95,617,850 23/2
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia. Note: * denotes Ace Market

Local events to watch out for today

Stocks closest to year high Stocks closest to year low
• New INTI Subang’s South Block to facilitate • How Asian companies embrace
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
dynamic 21st century learning with a number paradoxes to win — International (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
of upgrades to support a holistic learning Institute for Management Development TONGHER 2.410 2.300 2.360 205.1 EDUSPEC 0.170 0.160 0.170 1109.8
experience. Launching ceremony at INTI (IMD) Professor on “Embracing DUFU 0.990 0.905 0.950 9989 DOLPHIN-WA 0.080 0.070 0.075 1481
College, No 3, Jalan SS 15/8, Subang Jaya, paradoxes, key to successful leadership PMETAL-WC 2.130 2.080 2.110 794.4 HLT 0.480 0.430 0.470 2409.1
from 10am to 1pm. — by Securities Commission Malaysia PMETAL 2.550 2.490 2.520 9613 HUBLINE-WA 0.030 0.025 0.025 550.8
AFFIN 2.600 2.520 2.550 2020.7 MALAKOF-CU 0.025 0.015 0.020 21845.3
• Honda Malaysia’s official launch of new and Securities Industry Development ACCSOFT 0.370 0.355 0.360 1956.2 JTIASA-CL 0.045 0.040 0.045 2711.5
City, a trendsetter with new and improved Corp in collaboration with IMD Business AFFIN-CU 0.225 0.195 0.195 4214.6 BCMALL 0.170 0.155 0.165 6288.9
features, at Setia City Convention Centre, School of Switzerland at the Securities AFFIN-CV 0.420 0.380 0.380 203.1 HUBLINE-WB 0.055 0.045 0.050 1328.1
Ballroom 1 & 2, Jalan Setia Dagang AG U13/ Commission Malaysia, No 3, Persiaran AFFIN-CW 0.150 0.140 0.140 90 SIME-C14 0.135 0.130 0.135 225
AG, Setia Alam Seksyen U13, Shah Alam Bukit Kiara, Kuala Lumpur from 2pm to DNEX-WD 0.185 0.140 0.180 301503.7 SMRT 0.165 0.155 0.160 1799
from 10am to 1pm. 4.45pm. MAGNI 5.100 4.960 5.020 150.4 EDUSPEC-WA 0.055 0.045 0.050 977.9
T7GLOBAL 0.420 0.365 0.420 4110.4 TAANN-CI 0.105 0.100 0.100 23
• Toyota Eco Youth, an annual national-level • SME Corp’s prelaunch of video capsule EKOVEST-WB 0.825 0.720 0.825 7777.4 DOLPHIN 0.300 0.280 0.295 1499.5
environmental programme, at Concorde of Chor & Chah at Floral Terrace, EKOVEST 1.260 1.150 1.260 22024 MHC-WA 0.020 0.010 0.020 128
Hotel Shah Alam, No 3, Jalan Tengku Hampshire Place, A-LG-1, Lower Ground PMBTECH 1.720 1.690 1.690 115.4 TOPGLOV-C9 0.045 0.045 0.045 110
Ampuan Zabedah C9/C, Shah Alam from Floor No 1, Jalan Mayang Sari, off Jalan This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
11am to 1.30pm. Tun Razak, Kuala Lumpur at 2.30pm. could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.677 0.713 0.720 0.578 0.949 1.004 1.004 0.930 3.1709 4.903 56.917 5.030 2.618 9,525 47.630 81.054 5.999 35.865 2.595 2.673 6.449 24.941 5.533
EURO 1.478 1.054 1.064 0.854 1.403 1.484 1.484 1.375 4.6865 7.246 84.122 7.433 3.869 14,078 70.395 119.795 8.866 53.008 3.836 3.951 9.531 36.862 8.178
US $ 1.403 0.949 1.010 0.811 1.332 1.408 1.409 1.305 4.4485 6.878 79.850 7.056 3.672 13,363 66.820 113.711 8.416 50.316 3.641 3.750 9.047 34.990 7.763
SWISS FR 1.390 0.940 0.990 0.803 1.319 1.395 1.395 1.293 4.4062 6.813 79.091 6.989 3.637 13,236 66.185 112.630 8.336 49.838 3.606 3.715 8.961 34.657 7.689
STERLING £ 1.730 1.170 1.233 1.245 1.642 1.737 1.737 1.609 5.4850 8.481 98.455 8.700 4.528 16,476 82.390 140.206 10.376 62.040 4.489 4.624 11.155 43.143 9.572
CANADA $ 1.054 0.713 0.751 0.758 0.609 1.058 1.058 0.980 3.3407 5.166 59.965 5.299 2.758 10,035 50.180 85.394 6.320 37.786 2.734 2.816 6.794 26.277 5.830
BRUNEI $ 0.996 0.674 0.710 0.717 0.576 0.945 1.000 0.927 3.1585 4.884 56.695 5.010 2.607 9,488 47.443 80.737 5.975 35.725 2.585 2.663 6.424 24.843 5.512
SINGAPORE $ 0.996 0.674 0.710 0.717 0.576 0.945 1.000 0.927 3.1579 4.883 56.684 5.009 2.607 9,486 47.434 80.721 5.974 35.718 2.585 2.662 6.422 24.839 5.511
AUSTRALIA $ 1.075 0.727 0.766 0.774 0.621 1.020 1.079 1.079 3.4084 5.270 61.180 5.406 2.814 10,239 51.197 87.125 6.448 38.552 2.790 2.873 6.932 26.809 5.948
MALAYSIA RM 0.315 0.213 0.225 0.227 0.182 0.299 0.317 0.317 0.293 1.0000 1.546 17.950 1.586 0.826 3,004 15.021 25.562 1.892 11.311 0.818 0.843 2.034 7.866 1.745
100 CHINESE RMB 20.396 13.800 14.538 14.678 11.791 19.359 20.476 20.480 18.975 64.6730 1,161 102.581 53.390 194,272 971.445 1,653 122.348 731.504 52.933 54.521 131.529 508.691 112.859
100 BANGLAD’H TAKA 1.757 1.189 1.252 1.264 1.016 1.668 1.764 1.764 1.635 5.5711 8.614 8.837 4.599 16,735 83.682 142.406 10.539 63.013 4.560 4.697 11.330 43.820 9.722
100 DANISH KRONER 19.883 13.453 14.172 14.308 11.494 18.872 19.961 19.965 18.497 63.0460 97.48 1,132 52.047 189,384 947.01 1,612 119.27 713.10 51.60 53.15 128.22 495.89 110.02
100 UAE DIRHAM 38.202 25.847 27.230 27.492 22.084 36.260 38.352 38.359 35.540 121.1333 187.30 2,174 192.13 363,873 1,820 3,096 229.16 1,370 99.14 102.12 246.36 952.79 211.39
1000 INA RUPIAH 0.105 0.071 0.075 0.076 0.061 0.100 0.105 0.105 0.098 0.3329 0.515 5.976 0.528 0.275 5.000 8.509 0.630 3.765 0.272 0.281 0.677 2.618 0.581
100 INDIA RUPEE 2.100 1.421 1.497 1.511 1.214 1.993 2.108 2.108 1.953 6.6574 10.294 119.500 10.560 5.496 19,998 170.175 12.594 75.301 5.449 5.612 13.540 52.364 11.618
100 JAPAN YEN 1.234 0.835 0.879 0.888 0.713 1.171 1.239 1.239 1.148 3.9121 6.049 70.222 6.205 3.230 11,752 58.763 7.401 44.249 3.202 3.298 7.956 30.771 6.827
100 NORWEGIAN KRONER 16.670 11.279 11.883 11.997 9.637 15.823 16.736 16.739 15.509 52.8600 81.734 949 83.844 43.638 158,786 794.004 1,351 597.889 43.265 44.562 107.505 415.775 92.245
100 PHILIPPINE PESO 2.788 1.887 1.987 2.007 1.612 2.646 2.799 2.800 2.594 8.8411 13.670 158.697 14.023 7.299 26,558 132.801 225.994 16.726 7.236 7.453 17.981 69.540 15.428
100 QATAR RIYAL 38.531 26.070 27.465 27.729 22.275 36.573 38.682 38.690 35.846 122.1780 188.917 2,193 193.792 100.862 367,011 1,835 3,123 231.135 1,382 102.999 248.481 961.002 213.210
100 SAUDI RIYAL 37.409 25.311 26.665 26.921 21.626 35.508 37.556 37.563 34.802 118.6203 183.415 2,129 188.149 97.925 356,324 1,782 3,032 224.405 1,342 97.088 241.245 933.019 207.002
100 SWEDISH KRONOR 15.507 10.492 11.053 11.159 8.964 14.718 15.568 15.570 14.426 49.1700 76.029 882.597 77.991 40.592 147,702 738.577 1,257 93.019 556.153 40.245 41.452 386.751 85.806
100 THAI BAHT 4.009 2.713 2.858 2.885 2.318 3.806 4.025 4.026 3.730 12.7136 19.658 228.208 20.166 10.496 38,190 190.969 324.981 24.051 143.801 10.406 10.718 25.856 22.186
100 HK$ 18.072 12.227 12.882 13.005 10.447 17.153 18.143 18.146 16.813 57.3040 88.606 1,028.601 90.892 47.307 172,136 860.756 1,465 108.407 648.155 46.902 48.309 116.543 450.730
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.
THU R S DAY MA RC H 2, 20 17 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
1980 1,698.50 90000 18.00 0.00 101.770 4.5
(+3.50) (+2.00) (+0.650) 3.48
(Unch)
1790 4.75 96.5
68000
3.5

1600 46000 -8.50 88.0

2.5
1410 24000 -21.75 79.5

1220 2000 -35.00 71.0 1.5

Jan 4, 2010 Mar 1, 2017 Jan 4, 2010 Mar 1, 2017 Oct 2, 2006 Mar 1, 2017 Oct 1, 2000 Mar 1, 2017

FBM KLCI futures end higher FBM KLCI futures US dollar hit 7-week high on Klibor
with better cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
hope of Fed’s interest rate rise MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,697.69 3.92 200.3M The US dollar hit a seven-week high today on MAR7 96.55 — — 50
APR7 96.53 — — —
Malaysia Derivatives ended higher yesterday MAR 17 1,698.50 3.50 6,089 33,812 411 hopes the US Federal Reserve (Fed) would MAY7 96.52 — — —
APR 17 1,699.00 4.00 121 121 0
in line with the underlying cash market. lift rates this month, after hawkish comments JUN7 96.50 — — —
JUN 17 1,698.00 7.00 80 376 10
March 2017 gained 3.5 points to 1,698.5; SEP 17 1,694.50 8.50 22 144 7
from two of its top officials overshadowed SEP7 96.46 — — —
April 2017 added four points to 1,699; TOTAL US President Donald Trump’s first major DEC7 96.41 — — —
6,312 34,453 428
MAR8 96.41 — — —
June 2017 rose seven points to 1,698 and policy speech to Congress. JUN8 96.41 — — —
September 2017 was 8.5 points higher at FUTURES ROLL OVER BID OFFER CLOSE New York Fed president William Dudley, a SEP8 96.41 — — —
MAR/APR 0.0 -1.0 0.0
1,694.5. permanent voter on the US central bank’s open DEC8 96.41 — — —
Turnover reduced to 6,312 lots from 7,705 FUTURES FAIR VALUE market committee and close ally of chair Janet MAR9 96.41 — — —
JUN9 96.41 — — —
lots on Tuesday, while open interest declined CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE Yellen, said the case for tightening monetary SEP9 96.41 — — —
to 34,453 contracts from 39,253 contracts, MARAPR 17
17 31
59
4.43
8.56
7.43
8.53
-3.00
0.03
policy “has become a lot more compelling”. DEC9 96.41 — — —
previously. ROLL’S FAIR 3.03
John Williams, president of the San MAR0 96.41 — — —
The underlying benchmark FBM KLCI Francisco Fed, said a rate increase was very JUN0 96.41 — — —
SEP0 96.41 — — —
finished 3.92 points better at 1,697.69. much on the table for serious consideration
DEC0 96.41 — — —
Most Southeast Asian stock markets were at the March meeting given full employment MAR1 96.41 — — —
mixed yesterday as US President Donald and accelerating inflation. JUN1 96.41 — — —
Trump did not offer further details on his strengthened on growing expectations of a The greenback climbed 1% to touch a SEP1 96.41 — — —
plans for infrastructure spending and tax US Federal Reserve rate hike this month. two-week high of ¥113.88, and gained 0.5% DEC1 96.41 — — —
TOTAL 0 0
reforms in Congress, while the US dollar — Agencies against the euro to US$1.0527. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.7300 155.00 1980
200000
0.3452
(RM3,383/tonne)
0.5475 54.10 1660
3450 152500 5075 121.25 (+0.09)

2700 105000 3750 0.3650 87.50 1340

1950 0.1825 1020

57500 2425 53.75 1,244.60
2,826 (-9.30)
(+56) 2,826
1200 10000 20.00 700
1100 (+56) 0.0000
Jan 6, 2008 Mar 1, 2017 Apr 10, 2007 Mar 1, 2017 Aug 31, 2008 Mar 1, 2017
Jan 6, 2008 Mar 1, 2017

Palm oil jumps to one-week CPO futures Oil prices inch up as Opec Commodities

high tracking US soyoil CONTRACT

MAR-17
LAST
2,951
CHANGE
53
VOLUME
46
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,706 -190
sticks to output pledges AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,826 56
RUBBER SEN/KG MRB 914.50 2.50
APR-17 2,870 60 2,930 20,710 -457
Malaysian palm oil futures jumped to a one- Oil prices edged higher yesterday as CORN USC/BSH CBOT 370.00 3.25
MAY-17 2,826 56 33,456 73,632 -2,635
SOYBEANS USC/BSH CBOT 1,030.75 5.75
week high yesterday, supported by strong JUN-17 2,791 59 11,011 33,634 -678 investors took heart from strict Opec
WHEAT USC/BSH CBOT 428.50 3.75
gains in Chicago Board of Trade (CBOT) JUL-17 2,765 58 10,252 41,070 1,362 compliance with its pledge to cut output, LIVE CATTLE USC/IBS CME 107.55 1.93
soyoil, though market sentiment remained CPO FUTURES CPO/SOYOIL although evidence of increasing US COCOA US$/TON NYBOT 1,907 -2
cautious ahead of an industry conference in INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) production capped gains. COFFEE USC/IBS NYBOT 142.90 0.30
MAR/APR 81 -74.29
Kuala Lumpur next week. MAR/MAY 125 3 MONTHS AVERAGE -96.51
Opec reduced its oil output for a second SUGAR USC/IBS NYBOT 19.28 0.22
Benchmark palm oil futures for May on MAR/JUN month in February, a Reuters survey found, COTTON USC/IBS NYC 77.62 0.14
160 6 MONTHS AVERAGE -90.50
Bursa Malaysia Derivatives rose 2.2% o RM2,826 APR/MAY 44 showing the exporter group has boosted METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,280 100
a tonne, its strongest daily gain in two months. SGS & ITS EXPORT ESTIMATES (TONNES) already strong compliance to around 94%. COPPER USC/IBS CMX 2.7505 0.0365
It earlier hit RM2,835, its highest since Feb 21. SHIPMENT DAYS DEC’16 JAN’17 FEB’17 Heftier cuts by Saudi Arabia and Angola GOLD US$/TROY OZ CMX 1,244.60 -9.30
“Palm oil opened higher based on soyoil 1 - 10TH DAYS 306/326 339/352 337/341 helped offset weaker compliance by other PLATINUM US$/TROY OZ NYMEX 1,027.60 -3.40
movement overnight,” a futures trader said, 1- 15TH DAYS 465/481 520/514 502/521
members that agreed to limit their output. PALLADIUM US$/TROY OZ NYMEX 778.35 6.65
1 - 20TH DAYS 607/629 733/739 904/924
referring to soyoil futures on the CBOT . 1 - 25TH DAYS 827/845 904/924 916/907
Global benchmark Brent crude futures SILVER USC/TROY OZ CMX 18.37 -0.07
Soyoil jumped as much as 6% on Tuesday FULL MONTH rose 14 US cents on the day to US$56.65 a ALUMINIUM RMB/TON SHF 14,280 360
1,110/1,087 1,157/1,175 1,018/1,008
ZINC RMB/TON SHF 23,310 395
after reports that US President Donald Trump MALAYSIAN PALM OIL BOARD barrel, while US West Texas Intermediate
was preparing an executive order on biofuels, SEP’16 OCT’16 NOV’16 DEC’16 crude futures for April delivery rose nine ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 54.10 0.09
which count soyoil as a feedstock. The claims PRODUCTION 1,715 1,678 1,575 1,474 US cents to US$54.10. HEATING OIL USC/GAL NYMEX 1.6568 0.0076
EXPORT 1,451 1,431 1,370 1,268
were later denied. STOCKS 1,547 1,574 1,656 1,665
Brent crude fell 0.2% in February, its NATURAL GAS US$/MMBTU NYMEX 2.861 -0.009
However, the trader added that market largest slide in the second month of the year BRENT CRUDE US$/BBL ICE 56.65 0.14
MPOB Palm oil physical
players were cautious overall because leading in four years. — Reuters GAS OIL US$/TON ICE 497.75 8.50
analysts are expected to make bearish (IN RM/TON) FEB’17 MAR’17 APR’17
CPO DELD 2,920 NO TRADE NO TRADE Centrifuged Latex
comments at an upcoming conference. PK EX-MILL 2,520 NO TRADE NO TRADE Rubber - M’sia SMR 20
Production is expected to rise from the CPKO DELD 5,208 NO TRADE NO TRADE Sen/Kg
Sen/Kg
second quarter of the year as the crop- RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
damaging effects of El Nino wear off and RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE 914.50
fresh fruit yields recover. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 1475
(+2.50)
“Buyers know analysts will give calls on MPOB FFB REF PRICE (MILL GATE PRICE) 772.50
the negative side,” the trader said. REGION GRADE A GRADE B GRADE C 700 (-1.00) 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil could break resistance at RM2,820 NORTH 20.00% 655 19.00% 626 18.00% 598
a tonne and rise to the next resistance SOUTH 20.00% 663 19.00% 634 18.00% 605
500 625
level at RM2,880, said Wang Tao, Reuters CENTRAL 20.00% 655 19.00% 626 18.00% 597
market analyst for commodities and energy EAST COAST 20.00% 656 19.00% 627 18.00% 598 300 200
SABAH 22.00% 639 21.00% 613 20.00% 587 Jan 7, 2007 Mar 1, 2017 Jan 7, 2007 Mar 1, 2017
technicals. — Reuters SARAWAK 22.00% 647 21.00% 620 20.00% 593
 Markets
32 T HUR SDAY M ARC H 2 , 2 0 17 • TH EEDGE F I N AN C I AL DAI LY

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

KLCI 1,697.69 3.92 FBM ACE 5,233.14 13.28 FTSTI 3,122.77 26.16 NIKKEI 19,393.54 274.55 HANG SENG 23,776.49 35.76 DOW JONES 20,812.24 25.20

Luck is in catching the wave, but then you Market movers

have to ride it. — Jimoh Ovbiagele
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 DNEX-WD 301,503.7 0.040 28.57 0.180 — 0.00
('000) (%) (RM) (RM) (RM) (RM) DNEX 171,028.7 0.030 7.59 0.425 3.09 1.27
Index point
1701 BORNOIL 111,519 5.88 0.010 0.180 0.185 0.170 BORNOIL 111,518.5 0.010 5.88 0.180 12.69 0.00
1700 1,697.69 BORNOIL-WC 74,226 5.26 0.005 0.100 0.110 0.095 ARMADA 92,711.5 0.005 0.69 0.730 — 1.13
(+3.92)
1699 JAG 69,159 -10.71 -0.015 0.125 0.145 0.120 BORNOIL-WC 74,226.4 0.005 5.26 0.100 — 0.00
1698 REACH-WA 59,012 12.00 0.015 0.140 0.145 0.130 JAG 69,158.7 -0.015 -10.71 0.125 — 0.00
KL Composite Index
1697 CAP 44,614 20.00 0.005 0.030 0.030 0.025 REACH-WA 59,012.0 0.015 12.00 0.140 — 0.00
1,698.50 XINGHE 29,982 16.67 0.005 0.035 0.040 0.035 HIBISCS 57,475.2 0.020 4.26 0.490 3.01 0.00
1696 (+3.50)
ANZO 26,691 11.54 0.030 0.290 0.295 0.260 CENSOF-WB 51,085.8 0.035 30.43 0.150 — 0.00
1695
MALAKOF-CU 21,845 0.00 0.000 0.020 0.025 0.015 VIVOCOM 45,340.8 -0.010 -5.71 0.165 8.66 0.00
1694 KLCI futures
OCR-PA 16,437 -2.86 -0.005 0.170 0.180 0.160 CAP 44,614.0 0.005 20.00 0.030 3.25 0.00
1693 DAYA 15,875 7.69 0.005 0.070 0.075 0.060 CENSOF 43,981.5 0.050 17.24 0.340 10.90 0.00
1692 TDM 11,619 -6.12 -0.045 0.690 0.705 0.655 AT-WB 40,748.1 UNCH UNCH 0.030 — 0.00
1691 DUFU 9,989 9.20 0.080 0.950 0.990 0.905 MTRONIC 38,000.4 UNCH UNCH 0.075 6.47 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
ANZO-WA 8,397 25.00 0.015 0.075 0.080 0.060 ASIABIO 36,206.5 UNCH UNCH 0.060 — 0.00
SANICHI 7,596 0.00 0.000 0.070 0.070 0.065 AT 32,726.0 UNCH UNCH 0.040 — 0.00
Daily FBM KLCI HOVID 7,040 -1.59 -0.005 0.310 0.315 0.305 XINGHE 29,981.6 0.005 16.67 0.035 2.97 0.00
EATECH 6,819 4.69 0.030 0.670 0.680 0.550 VIZIONE-WC 28,247.3 0.005 10.00 0.055 — 0.00
KL Composite Index Moving average - 20-day ANZO 26,691.2 0.030 11.54 0.290 — 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,697.69 FRONTKN 25,520.6 0.015 6.98 0.230 25.00 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(+3.92) 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 1,697.85 FBM KLCI ends 0.2% higher CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

on China’s PMI DLADY

PETDAG
55.500
24.980
0.920
0.480
PANAMY
NPC
31.800
2.130
-0.580
-0.270
1122.5 HEIM 17.800 0.340 TIMECOM 8.450 -0.250
NESTLE 76.020 0.320 HLBANK 13.340 -0.240
KUALA LUMPUR: The FBM KLCI rose 3.92 points or 0.2%, CARLSBG 14.480 0.280 YINSON 3.100 -0.220
820.0 tracking Asian share gains after China reported its February TONGHER 2.360 0.200 AEONCR 15.500 -0.200
Jan 2, 2008 Mar 1, 2017 factory activity data, which grew above market forecast. PADINI 2.990 0.200 SP500-H6 0.400 -0.165
Reuters reported that China’s official Purchasing SCIENTX 7.500 0.170 HSI-C80 1.120 -0.160
900
Managers’ Index (PMI) released yesterday rose to a three- F&N 23.260 0.160 FBMKLCI-H2J 0.150 -0.135
MPI 9.780 0.150 GENTING 9.120 -0.130
month high of 51.6 in February, compared with the previous
600 COCOLND 2.300 0.150 AIM 0.280 -0.120
month’s 51.3, and above the 50-point mark that separates EFORCE 1.680 0.140 ULICORP 4.280 -0.120
300 growth from contraction on a monthly basis. Analysts
expected a reading of 51.1. Top gainers and losers (ranked by percentage)
0
The FBM KLCI closed at 1,697.69 points after reaching
Volume (’mil)
its intraday high of 1,701.13. Bursa Malaysia saw 3.02 billion UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
shares valued at RM2.33 billion changing hands. Gainers
FBM KLCI futures outnumbered decliners at 546 versus 360 respectively. XINGHE-WA 0.010 100.00 SP500-H3 0.005 -94.12

CONTRACT SETTLEMENT CHANGE HIGH LOW

RHB Investment Bank Bhd technical analyst Lew Chee UMWOG-C7 0.015 50.00 AXIATA-C9 0.005 -80.00
DSONIC-CT 0.035 40.00 MALAKOF-CS 0.050 -66.67
MAR 17 1,698.50 3.50 1,702.00 1,691.00 Hao told theedgemarkets.com that “there is uptrend trading CENSOF-WA 0.125 38.89 AAX-CZ 0.015 -57.14
APR 17 1,699.00 4.00 1,701.00 1,691.00 in the FBM KLCI.” PADINI-CF 0.130 36.84 DGB-WA 0.005 -50.00
JUN 17 1,698.00 7.00 1,698.00 1,688.50
Asian share markets rose on China’s latest PMI data. The MYEG-C2 0.075 36.36 FBMKLCI-H2J 0.150 -47.37
Shanghai Stock Exchange Composite Index rose 0.16%, while TSRCAP-WB 0.170 36.00 MHC-WA 0.020 -42.86
FBM KLCI sensitivity* Hong Kong’s Hang Seng Index added 0.15%. Elsewhere, Japan’s KBUNAI-WC 0.020 33.33 HSI-C66 0.015 -40.00
JCY-CX 0.020 33.33 SEM-CF 0.095 -36.67
KLCI CHANGE CLOSE VOLUME Nikkei 225 Index climbed 1.44%, helped by a weaker yen.
POINTS (RM) (RM) ('000) MALAKOF-CT 0.040 33.33 KGROUP-WA 0.010 -33.33
AXIATA GROUP 1.77 0.120 4.550 12854.8
Bursa Malaysia Bhd has appointed Mazidah Abdul AXIATA-C13 0.080 33.33 IVORY-WA 0.010 -33.33
CIMB GROUP 1.75 0.120 5.090 19159.1 Malik as a director to the board its subsidiaries, Bursa CENSOF-WB 0.150 30.43 TENAGA-C36 0.100 -33.33
SIME DARBY 0.90 0.080 9.040 11697.8 MalaysiaSecurities Bhd and of its clearing house, Bursa
PETRONAS DAGANG 0.79 0.480 24.980 372.8 Malaysia Securities Clearing Sdn Bhd, effective yesterday. Top gainers and losers - warrants (ranked by percentage)
RHB BANK 0.66 0.100 4.940 1371.8 Bursa Malaysia, in a statement, said Maziah had
PETRONAS CHEMICAL 0.66 0.050 7.300 9721.2 UP CHANGE DOWN CHANGE
GENTING MALAYSIA 0.39 0.040 5.290 6139.4
extensive experience in trading and portfolio investments CLOSE (%) CLOSE (%)
MAYBANK 0.34 0.020 8.620 12099.4 in international fixed income markets. — by Sulhi Azman XINGHE-WA 0.010 100.00 SP500-H3 0.005 -94.12
IJM CORPORATION 0.00 0.000 3.350 5727.0
World equity indices UMWOG-C7 0.015 50.00 AXIATA-C9 0.005 -80.00
DIGI.COM -0.26 -0.020 5.020 5006.0 DSONIC-CT 0.035 40.00 MALAKOF-CS 0.050 -66.67
HAP SENG CONSOLIDATED -0.33 -0.080 8.960 254.3 CLOSE CHANGE CLOSE CHANGE CENSOF-WA 0.125 38.89 AAX-CZ 0.015 -57.14
YTL CORPORATION -0.36 -0.020 1.530 2961.1
DOW JONES 20,812.24 -25.20 INDONESIA 5,363.06 -23.64 PADINI-CF 0.130 36.84 DGB-WA 0.005 -50.00
MISC -0.74 -0.100 7.320 760.5
S&P 500 2,363.64 -6.11 JAPAN 19,393.54 274.55 MYEG-C2 0.075 36.36 FBMKLCI-H2J 0.150 -47.37
GENTING -0.80 -0.130 9.120 3178.1
NASDAQ 100 5,330.31 -17.24 KOREA 2,091.64 6.12 TSRCAP-WB 0.170 36.00 MHC-WA 0.020 -42.86
HONG LEONG BANK -0.86 -0.240 13.340 197.5
FTSE 100 7,263.44 10.44 PHILIPPINES 7,170.70 -41.39 KBUNAI-WC 0.020 33.33 HSI-C66 0.015 -40.00
IHH HEALTHCARE -1.22 -0.090 5.920 8874.9
AUSTRALIA 5,704.80 -7.43 SINGAPORE 3,122.77 26.16 JCY-CX 0.020 33.33 SEM-CF 0.095 -36.67
SUB-TOTAL 2.70
CHINA 3,246.93 5.20 TAIWAN 9,674.78 -75.69 MALAKOF-CT 0.040 33.33 KGROUP-WA 0.010 -33.33
OTHERS 1.22
HONG KONG 23,776.49 35.76 THAILAND 1,567.19 7.63 AXIATA-C13 0.080 33.33 IVORY-WA 0.010 -33.33
GRAND TOTAL 3.92
INDIA 28,984.22 240.90 VIETNAM 709.52 -1.27 CENSOF-WB 0.150 30.43 TENAGA-C36 0.100 -33.33
* How stock price changes affected the index on the previous trading day

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