FBM KLCI 1690.72 18.12 KLCI FUTURES 1680.00 9.00 STI 3044.74 33.59 RM/USD 4.1660 CPO RM2104.

4.1660 CPO RM2104.00 10.00 OIL US$53.52 0.95 GOLD US$1269.90 0.90
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

FRIDAY DECEMBER 28, 2018 ISSUE 2800/2018

FINANCIAL MALAYSIA
TO LOSE UP TO

DAILY
RM5 BILLION
MAKE if oil trades at
BETTER
DECISIONS US$55-US$65/barrel — UOB
S T O RY
R Y O N PA G E 1
100
www.theedgemarkets.com
 FBM KLCI 1690.72 18.12 KLCI FUTURES 1680.00 9.00 STI 3044.74 33.59 RM/USD 4.1660 CPO RM2104.00 10.00 OIL US$53.52 0.95 GOLD US$1269.90 0.90
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

FRIDAY DECEMBER 28, 2018 ISSUE 2800/2018

FINANCIAL 1,724.84

DAILY
Dec 5, 2017

MAKE
BETTER Stock market roundup 1,690.72
DECISIONS — the year in review Dec 27, 2018
S e e storie s on Pag e s 4,5,6 & 8
www.theedgemarkets.com

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12 H O M E B U S I N E S S

EPF’s total number

of approved
MALAYSIA
withdrawals up
6.9% in 3Q18
12 H O M E B U S I N E S S
TO LOSE UP TO
EcoFirst seeks to
jointly develop RM5 BILLION
RM1.25b project
16 W O R L D B U S I N E S S if oil trades at
Wall St roars back
to life in best
session in 9 years
US$55-US$65/barrel — UOB
If it falls to US$50/barrel, the country may lose up to RM6.6b.
Gigi Chua has the story on Page 10.
The Edge Financial Daily
will be taking a break
in conjunction with the
New Year. Publication will
resume on Jan 2.
We wish all our readers a Goldman Sachs falls for 5th day as 1MDB
risk remains in focus 10 H O M E B U S I N E S S
4 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
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S TO C K M A R K E T R O U N D U P  T H E Y E A R I N R E V I E W
From all-time highs
to two-year lows
FBM KLCI sees sharp decline due to developments at home and external factors
BY AHM AD NAQIB I DRI S Comparison of KLCI performance during previous general elections
CHANGE IN INDEX
KUALA LUMPUR: The upward mo- ANNUAL SIX MONTHS
mentum on the FBM KLCI that start- GE DATE CHANGE (%) AFTER GE (%) YEAR CLOSE
ed in 2017 continued into the first
GE10 Nov 29, 1999 38.59 -0.38 812.33
half of 2018, pushing the benchmark
index to hit a record high of 1,895.18 GE11 March 21, 2004 14.3 2.00 907.43
points on April 19. GE12 March 8, 2008 -39.3 -17.00 876.75
However, the bullish sentiment
GE13 May 5, 2013 10.5 6.39 1,866.96
was short-lived amid a perfect storm
GE14* May 9, 2018 -5.9 -7.50 1,690.72
of developments that had impact-
ed the market adversely from May. * as at Dec 27, 2018
On the domestic front, changes
in policy after Pakatan Harapan won BLOOMBERG
the 14th general election (GE14)
made for an uncertain investment Telekom Malaysia Bhd
atmosphere. Market cap lost: RM13.6 billion
The developments at home coin- 7
RM
cided with external headwinds, in-
RM5.902
cluding the US-China trade dispute 6
which saw both parties slapping
each other with tariffs, the tightening 5
of US monetary policy and concerns
over slowing growth in the second 4
largest market in the world.
RM2.68
The benchmark index saw a 3
sharp decline to 1,719.28 points
on May 30. It dived to two-year low 2
of 1,635.31 points on Dec 18 but re-
bounded slightly to 1,690.72 yester-
1
day — the third last trading day of
Dec 29, 2017 Dec 27, 2018
2018. Year-to-date, it has dropped
5.9% or 106.09 points. Top five gainers and losers among KLCI constituents
Banking stocks make YTD change (%)
up 38% of KLCI weightage Top Glove Corp 44.43
YTL Corp Bhd
With the inclusion of AMMB Hold- Nestle Malaysia 43.41
Market cap lost: RM3.94 billion
ings Bhd to the KLCI as a compo- Dialog Group 23.51
RM
nent stock, it is the sixth financial Petronas Chemicals Group 21.56 1.6
institutional stock on the list. Hong Leong Bank 21.88 RM1.407
Collectively, Public Bank, Malay- MISC
-14.69
an Banking Bhd, CIMB Group Hold- 1.4
-19.37 Sime Darby Plantation
ings Bhd, Hong Leong Bank Bhd,
AMMB, RHB Bank Bhd and Hong -27.14 Axiata Group
Leong Financial Group Bhd have a -33.28 Genting 1.2
combined weightage of 38.86%, ac- -46.42 Genting Malaysia
cording to FTSE Russell as at Dec 14.
Among all constituents, Public 1.0
Bank and Maybank have the high- after the implementation of man- to 93 sen on May 30, from RM1.33 RM1.02
est weightage at 14.96% and 10.74% datory standard on access pricing, on May 8. The counter rebounded
respectively, followed by TNB with which has resulted in lower fixed in the following months but had 0.8
a weightage of 10.07% . broadband prices. maintained its downtrend to close Dec 29, 2017 Dec 27, 2018
This implies that movements of Telekom’s share price plunged at RM1.02 sen on Dec 27.
the banking stocks can swing the 57% with RM13.6 billion lost in mar-
benchmark index significantly. ket capitalisation year-to-date. It Free fall on Astro
Analysts are positive on the closed at RM2.68 yesterday. Malaysian Communications and
banking sector amidst a steady Telekom was seen as the biggest Multimedia Commission (MCM- Astro Malaysia Holdings Bhd
loan growth. They expect cost sav- casualty for the price cut as fixed C)’s approval for the live broadcast Market cap lost: RM6.89 billion
ing measures and stable asset qual- broadband service is one of its core of the 2018 World Cup for free on 2.5
RM
ity to benefit the banks. products. RTM sparked fierce selling on Astro RM2.498
On the flip side, some quarters Malaysia Holdings Bhd.
are concerned about the slower YTL Corp the high speed drop The stock tumbled to all-time
economic growth that may impact YTL Corp Bhd is another conglom- low of RM1.11 on Nov 28 versus 2.0
banks’ earnings. erate that has been removed from RM2.47 on Dec 29, 2017. Year-to-
KLCI component stock list. The date, the counter has dropped 46%
Telekom Malaysia the casualty
government’s decision to shelve to RM1.33 yesterday, translating to
of low price broadband the Kuala Lumpur-Singapore high a RM6.94 billion decline in market RM1.33
1.5
Telekom Malaysia Bhd once a “must speed rail project has put YTL Corp capitalisation.
have” component stock in institu- under heavy selling pressure. Worse Consequently, its two substantial
tional fund managers’ portfolio has still, the group suffered from margin shareholders — Ananda Krishnan
dropped from the list of constituent squeeze that weighed on its earn- and Khazanah Nasional Bhd — saw 1.0
stocks after the jaw dropping fall on ings. their investment values shrunk by
Dec 29, 2017 Dec 27, 2018
its share price. YTL Corp’s share price was on RM2.81 billion and RM1.42 billion
The share price took a nosedive downhill after GE14, declining 30% this year respectively.
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5

S TO C K M A R K E T R O U N D U P  T H E Y E A R I N R E V I E W

The unnerving
Oil stocks: From Big Boys to penny counters
Shares hit record lows this year, wiping out billions in
market capitalisation from 2014 levels
MARCH 31, 2014 DEC 27, 2018

speedy fall
ADJ. TOTAL
MARKET SHARE MARKET SHARE MARKET
CAP PRICE CAP PRICE CAP LOST
COMPANY (RM MIL) (RM) (RM MIL) (RM) (RM MIL)
Sapura Energy 26,964.70 4.393 1,767.69 0.295 25,197.01
Bumi Armada 11,464.25 2.315 880.64 0.150 10,583.61
Velesto Energy 8,799.34 3.956 1,437.73 0.175 7,361.61
MMHE 6,016.00 3.581 880.00 0.555 5,136.00
Dayang Enterprise 3,093.75 2.794 511.35 0.530 2,582.40
Investors dump O&G stocks, pushing prices to record lows Coastal Contracts 2,684.56 4.742 424.56 0.805 2,260.00
Scomi Energy Services 2,365.19 1.010 93.66 0.040 2,271.53
Perisai 1,670.44 1.540 25.21 0.020 1,645.23
BY A DA M A ZI Z RM1. An increasing number of Wah Seong 1,480.04 1.776 496.95 0.645 983.09
them are below 50 sen. Cheaper than ever
Share price range of O&G firms within Perdana Petroleum 1,406.64 1.876 155.69 0.200 1,250.95
IT took 33 months for Brent Once investor darlings like Bumi Bursa Malaysia Energy Index KNM 1,154.76 0.749 175.96 0.075 978.80
crude oil to reach above Armada Bhd, Alam Maritim Bhd,
10 Alam Maritim 1,130.06 1.410 69.33 0.075 1,060.73
US$80-level this year, from the and Velesto Energy Bhd (formerly 9 9
low of US$28 in January 2015. UMW Oil & Gas Bhd) that boasted Barakah 927.29 1.449 41.79 0.050 885.50
8 THHE 913.62 0.895 33.64 0.030 879.98
The steady climb for more than of multibillions in market capital- 7
two years had painted a posi- isation four years ago, had seen Uzma 851.40 3.538 185.62 0.580 665.78
6
tive picture that the worst could valuations shrunk by over 95%. 5 Source: Bloomberg
be behind the oil & gas (O&G) As high finance costs are eating 4
industry. into debt-laden O&G companies’ Brent crude backtracks
But the Brent crude needed earnings, the renewed pressure 2 Bearish decline in 4Q18 sparks uncertainties
less than three months to plunge on oil prices do not augur well
40% from the peak of US$86.29 for them, particularly those in the 0 100
to one year low of US$50.47 on middle of debt restructuring or 10sen 11sen- 51sen- RM1 90
and 50sen 99sen and
Christmas eve. planning, to do so. below above 80
The nail-biting fall in crude oil The recent fall in crude prices
Total: 30 Source: Bloomberg 70
prices in the past two months has has shaken confidence in the in-
unnerved policymakers, industry dustry’s prospects. This will not 60
players and investors. be conducive for any fund-raising 50 US$53.51
On Bursa Malaysia, investors exercise, according to analysts. oil firm has revised upwards the 40
were dumping O&G stocks. There However, as the saying goes, prospects of key projects in the
30
were an increasing number of every cloud has a silver lining. pipeline, including offshore drill-
companies whose share prices There has been more news on ing, marine vessels, linepipes and 20
dived to record lows in the last companies securing O&G con- decommissioning. 10
few weeks of 2018. tracts. Petronas has benchmarked its Dec 31, 2014 Dec 27, 2018
Of the 30 O&G stocks listed In the Petronas 2019-2021 Ac- planning for next year on Brent Source: Bloomberg
on Bursa, only five traded above tivity Outlook Report, the national CO NTINUE S O N PAGE 6

Change of government, E-government service providers’ performance

MARKET

change of fate
MARKET CAPITALISATION
CLOSING CAPITALISATION CHANGE ON LOST ON MAY 14 YTD CHANGE AFTER CHANGE AFTER
COMPANIES PRICE (RM) (RM MIL) MAY 14 (%) (RM BIL) CHANGE (%) GE14 (%) GE13 (%)
MyEG 0.97 3380.69 -29.84 2.78 -56.73 -62.60 614.81
Prestariang 0.43 204.98 -29.65 0.24 -72.04 -74.07 -24.11
BY W O N G EE L I N million of his wealth since May 14.
Scicom 1.20 426.54 4.09 -0.03 -28.57 -36.24 351.13
Prestariang president and chief
KUALA LUMPUR: May 9, 2018 is a executive officer (CEO) Dr Abu Datasonic 0.45 607.50 -8.37 0.11 -61.21 -50.44 287.93
memorable day for Malaysian vot- Hasan Ismail is probably worse hit. DNeX 0.23 395.56 -5.19 0.04 -53.61 -41.56 1.35
ers. But May 14, is probably even He lost his entire shareholding in Iris Corp 0.14 400.45 -6.45 0.02 -27.03 -12.90 -16.67
more unforgettable for sharehold- the company due to margin calls. All data are up to Dec 27, 2018. May 14 is the first trading day after GE14.
ers of e-government service com- With Prestariang shares slipping Source: Bloomberg
panies like MyEG Services Bhd, 29.65% or 49 sen, Abu Hasan saw
Datasonic Group Bhd and Prestar- some RM64.3 million of his wealth How much losses would be made if the same amount of stake How much would investors gain
iang Bhd. gone on May 14. a year ago was held today? in 5 years before GE14?
MyEG co-founder and manag- Making matters worse for him,
ing director Wong Thean Soon saw Abu Hasan was forced to sell his COMPANIES SUBSTANTIAL SHAREHOLDER VALUE LOST COMPANIES 5-YEAR PERFORMANCE
some RM214.84 million of his wealth entire stake through his private ve- (RM MIL) BEFORE MAY 8 (%)
evaporated in a single day on May hicles EkoHati Sdn Bhd, Sigma Ded- MyEG Wong Thean Soon 354.34 MyEG 1811.11
14 — the first trading day after the ikasi Sdn Bhd and Anjakan Evolusi Prestariang Dr Abu Hasan Ismail* 150.82 Prestariang 192.68
14th general election (GE14). MyEG’s Sdn Bhd, ceasing to be the group’s Scicom Datuk Seri Leo Ariyanayakam 34.27 Scicom 607.52
share price hit limit-down, tumbled major shareholder simply because Datasonic Datuk Abu Hanifah Noordin 130.52 Datasonic 682.76
29.84% or 77 sen that day. of the margin calls from stockbrok- Chew Ben Ben 115.35 DNeX 73.42
Some over RM2.78 billion worth ing firms.
* Indirect stake Iris Corp -4.32
of market capitalisation was wiped The government’s decision to All data are up to Dec 27, 2018
out as investors fled from companies scrap the RM3.5 billion concession Source: Bloomberg, Bursa Malaysia
Source: Bloomberg

perceived to be linked to the Barisan for the national immigration con-

Nasional administration.
MyEG shares were hammered
again to below RM1 following the
new government’s announcement
that the goods and services tax (GST)
would be zerorised in line with its
pledge to remove the GST under its
election manifesto — putting My-
EG’s GST monitoring project at risk.
At a closing price of 96.5 sen yes-
terday, Wong, whose fleet of luxu-
ry sports cars is the envy of many
in town, has lost some RM515.09
trol system (SKIN) project, in which
Prestariang holds a 70% stake, is the
final nail in the coffin.
On Dec 14, he sold his remain-
ing 117.19 million shares or 24.3%
stake. Previously, on Oct 22 and Oct
23, Abu Hasan had also disposed of
Prestariang shares amounting to a
3.13% stake, to rectify a personal
margin position as well
To put things into perspective,
Abu Hasan had a stake of 132.3 mil-
lion shares as at Dec 31 last year,
which would mean that the CEO lost
RM150.82 million worth of wealth
in one year.
Over at Datasonic, the share
price dropped 8.37% in one day
to 83.2 sen from 90.8 sen, losing
only some RM100 million in market
capitalisation on May 14. In con-
junction, Datasonic managing di-
rector Datuk Abu Hanifah Noordin,
the company’s single largest share-
holder holding a 28.37% stake, lost
RM29.11 million on the same day.
Its deputy managing director
Chew Ben Ben, who held a 25.32%
stake, or 184.68 million shares, lost
RM25.98 million in the company
on May 14.
Abu Hanifah (with a 28.38% stake
now) and Chew (22.86% stake) have
lost some RM176.37 million and
RM141.34 million respectively since
May 14.
Meanwhile, Scicom (MSC) Bhd
managed to recoup some lost ground
but it is still down 28.6% year to date.
Scicom’s share price slipped to a
four-year low of 94.5 sen on Dec 14
due to the contagion effect from the
cancellation of SKIN project.
It closed at RM1.22 yesterday.
Also, its CEO and founder Datuk
Seri Leo Ariyanayakam, with a 25.2%
stake or 89.73 million shares, saw
some RM60 million of his wealth
evaporated since May 14.
6 HOME BUSINESS FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

S TO C K M A R K E T R O U N D U P  T H E Y E A R I N R E V I E W

Worst year for construction

companies in a decade
Sector was affected by uncertainty ahead of GE14 and new government’s move to review megaprojects
BY WO N G EE L I N Are the big boys up at a bargain?

KUALA LUMPUR: The construc- CLOSING YTD 12-MONTHS 12-MONTHS FWD P/E MARKET
How much market cap have
tion sector hadn’t had it good this COMPANIES PRICE (RM) CHANGE (%) HIGH (RM) LOW (RM) (TIMES) CAP (RM BIL) evaporated among the
year, with some construction firms IJM Corp 1.61 -47.21 3.19 1.39 12.78 5.84 construction players this year?
posting its lowest profits in a decade. Gamuda 2.36 -52.42 5.31 2.00 9.08 5.82 YTD market cap wiped out (RM bil)
The sector was affected by the un- Suncon 1.37 -45.42 2.64 1.30 12.12 1.77 7
certainty ahead of the 14th general 6.35
Gabungan AQRS 0.70 -63.32 2.14 0.62 5.38 0.33 6
election (GE14) in May, which wors- 5.23
George Kent 0.25 -76.50 4.47 0.76 5.39 0.45
ened following the change in lead- 5
ership as the Pakatan Harapan-led MRCB 0.59 -47.32 1.31 0.55 26.82 2.59
4
(PH) government’s move to review All data are up to Dec 27, 2018. Source: Bloomberg
some megaprojects. 3
In its election manifesto, “a 2.32
2
comprehensive review of all Indeed, some of these stocks have It has lost RM1.5 billion in market was informed about the government 1.47 1.53
megaprojects that have been award- yet to recover much of the losses, value this year. decision to move with the LRT3 pro- 1 0.54
ed to foreign countries” was among with most seeing their share price On the current status of these ject at RM16.6 billion, which is just
0
the 10 things Pakatan had promised remaining at around half of that ear- projects, both the MRT2 and LRT3 slightly more than half of its previous

IJM
Corp

Gamuda

Suncon

Gabungan
AQRS
George
Kent

to do in its first 100 days in office.
As a result, the move saw projects
such as the light rail transit line 3
(LRT3), the second mass rapid tran-
sit line (MRT2), MRT3, the Kuala
Lumpur-Singapore highspeed rail
(HSR) and the East Coast Rail Link
(ECRL) being downsized, deferred
or cancelled.
It also made Bursa Malaysia-listed
construction companies involved in
the projects a casualty as they saw
their share price plunge drastically.
lier in the year.
In terms of market value, IJM
Corp Bhd and Gamuda Bhd were
among the biggest losers in the con-
struction sector this year. IJM Corp
lost RM5 billion in market value,
while Gamuda saw RM6.35 billion
wiped off its market capitalisation.
Other top losers include Barisan
Nasional-linked company George
Kent (Malaysia) Bhd, which saw
its share price plummet 76.5% this
year to close at 82.5 sen yesterday.
are moving ahead with a lower cost,
while the RM110 billion HSR project
has been deferred to 2020.
ECRL, on the other hand, has
been shelved with no affirmation
if it has been cancelled or deferred,
and the RM60 billion MRT3 was last
reported to be cancelled, pending
the completion of MRT2.
On Oct 17, Malaysian Resources
Corp Bhd (MRCB) and George Kent
said their joint-venture (JV) compa-
ny, MRCB George Kent Sdn Bhd,
cost of RM31.65 billion awarded by
Prasarana Malaysia Bhd.
Later the same month, the min-
istry of finance announced that
MMC-Gamuda KVMRT (T) Sdn Bhd,
a JV between MMC Corp Bhd and
Gamuda, will remain the contractor
for the underground works portion
of the MRT2 — now at an even lower
cost of RM13.11 billion — after the
consortium agreed to give a larger
cost cut of 21.5% or RM3.6 billion,
MMC-Gamuda had previously
MRCB
All data are up to Dec 27, 2018
Source: Bloomberg
agreed on Oct 3 to reduce the con-
struction cost of the above-ground
portion of the MRT2 by RM5.22 bil-
lion or 23% to RM17.42 billion, from
its original RM22.64 billion. Thus,
this brings the final cost savings of
RM8.82 billion or 22.4% for MRT2.

Decline in CPO price driving plantation stocks down

BY A H M AD NAQ I B I D RI S Share price performance of plantation stocks in 2018 Bhd (down 48%), TSH Resources Bhd
CPO prices have been on a (down 42%), Hap Seng Plantations
KUALA LUMPUR: Depressed pric- downtrend in 2018 Holdings Bhd (down 36%) and Boust-
COMPANY LAST PRICE YTD YTD CHANGE PE (TIMES)
es for palm products weighed on CHANGE (%) IN MARKET ead Plantations Bhd (down 41%).
the performance of plantation 2,700 The decline in CPO prices has
CAP (RM MIL)
stocks this year, but this was over- 2,500
Sime Darby Plantation 4.78 -19.37 -8297.02 39.50 been blamed on high inventory
shadowed by weakness in the other 2,300
IOI Corp 4.40 -0.68 -1660.13 26.80 levels in Malaysia and Indonesia,
sectors, as well as events that fol- 2,100 coupled with low demand.
Kuala Lumpur Kepong 24.14 -3.44 -915.87 34.14
lowed the change in government. 1,900 In November, Malaysian palm
The price of CPO (crude palm oil) Genting Plantations 9.86 -5.06 -491.88 29.36 oil stocks rose 10.5% to 3.01 million
1,700
has fallen 26% from RM2,486 per tonne United Plantations 25.10 -7.01 -619.22 13.48 tonnes – the highest in nearly 20 years
1,500
at the start of the year to RM1,830 per FGV Holdings 0.705 -58.28 -3593.43 NA – from 2.72 million tonnes in October.
Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov

tonne for November, according to the Boustead Plantations 0.70 -40.61 -1072.00 NA Analysts have said that the high
Malaysian Palm Oil Board. TSH Resources 0.965 -41.52 -945.81 25.73 production levels and the contin-
Source: Malaysian Palm Oil Board
The low prices have had a sig- Hap Seng Plantations Holdings 1.64 -35.69 -727.73 19.00 ued weakness in global demand
nificant impact on the earnings of will lead to a continued increase
IJM Plantations 1.38 -49.64 -1197.59 NA
plantation players such as Sime in palm oil inventory, placing con-
Darby Plantation Bhd, which saw well as lower average palm kernel Sarawak Oil Palms 2.01 -48.46 -1078.73 11.06 tinued pressure on CPO prices
pre-tax profit of its upstream opera- price of RM1,767 per tonne versus United Malacca 5.19 -20.28 -276.22 NA going forward.
tions plunge 59% to RM125 million RM2,162 per tonne previously. Kim Loong Resources 1.16 -17.22 -241.38 15.85 On the other hand, some in-
for the quarter ended Sept 30, 2018, Kuala Lumpur Kepong Bhd did dustry players have said that CPO
from RM304 million a year ago. not escape unscathed, posting a prices have since bottomed out,
The group attributed the weaker 58% decline in net profit for the net profit plunge 60% year-on-year share price halve to RM1.38 this year. expecting prices to trend higher in
performance to lower average CPO fourth financial quarter ended Sept to RM143.8 million. Other plantation firms that have the first half of 2019 as demand is
price realised for the quarter of 30, 2018 to RM101.5 million from But the company that took the also seen double-digit declines in expected to pick up due to seasonal
RM2,223 per tonne compared with RM242.12 million a year ago, while biggest hit in terms of share price was their share prices since the start of factors such as the Chinese New
RM2,730 per tonne a year ago, as IOI Corp Bhd saw its first-quarter IJM Plantations Bhd, which saw its the year include Sarawak Oil Palms Year and Aidilfitri celebrations.

O&G still ‘offering good upside potential’

F RO M PAG E 5 next year. tential, either because they will In view of the speedy fall of oil January next year.
crude annual average assumption CGSCIMB picked the O&G as benefit from higher crude oil pric- prices, Organisation of Petrole- Russia and other partners
of US$60 to US$70. one of its preferred sectors in 2019 es via a higher order book or see um Exporting Countries mem- promised to slash an additional
With share prices at historical alongside rubber gloves, health- earnings growth from expansion”, bers pledged to reduce their pro- 400,000 barrels per day. Would
lows, certain research houses care and insurance. the research house said in a strat- duction by 800,000 barrels per production cut be effective
are overweight on the sector for O&G “offers good upside po- egy note on Dec 18. day for six months beginning in enough to stem the drop on oil?
8 HOME BUSINESS FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

S TO C K M A R K E T R O U N D U P  T H E Y E A R I N R E V I E W

Rubber gloves the bright spot of the year

Glovemakers continue to enjoy demand growth in Asian markets
BY A DA M A ZI Z Valuation stretched… for the big guns
LAST CLOSE CONSENSUS TP UP/(DOWN)
Some room to run
KUALA LUMPUR: Two of Malaysia’s COMPANIES (RM) (RM) SIDE (%) FORWARD P/E Buy calls for glovemakers still there despite neutral sector outlook
largest glovemakers, Hartalega Hold- Hartalega 6.27 5.80 -7.50 40.06
ings Bhd and Top Glove Corp Bhd, % Buy call: 1 Buy call: 8 Buy call: 7 Buy call: 4
Top Glove 5.77 5.70 1.21 28.56 100
have made it into the FBM KLCI list
Kossan 4.34 4.58 5.53 26.96
of component stocks this year. 80
The top four listed glovemakers’ Supermax 3.58 3.82 6.70 18.11
Comfort Gloves 0.875 1.21 38.29 17.5 60
shares, including Kossan Rubber
Industries Bhd and Supermax Corp Source: Bloomberg 40
Bhd, have continued to climb for the 20
second consecutive year in 2018.
However, the increase was slow- Hartalega Holdings Bhd Top Glove Corp Bhd 0
er compared to their outstanding Hartalega Top Glove Kossan Supermax
RM RM
run in 2017. 7.5 6.5
RM5.77 Source: Bloomberg Sell Hold Buy
Meanwhile, the shares of the
smaller players went the opposite 6.4 5.6
direction alongside other small-cap-
RM6.27
italised stocks across Bursa Malay- 5.3 4.7 Global demand is seen to con- tral” towards the sector’s prospects
sia in light of the volatile investing tinue its growth at a rate of 8%-12% despite acknowledging that cost
climate throughout the year. 4.2 3.8
a year, and is estimated to exceed pressures, such as power tariff and
Generally, glovemakers contin- 300 billion pieces by 2020. labour, have remained manageable,
ued to enjoy demand growth in Asian But the recovery in China’s vinyl further supported by comfortable
3.1 2.9
markets like China and India, while gloves production this year could prices of raw materials.
maintaining a healthy market share eventually put a cap on demand It is, however, worth noting that
in developed markets such as the US 2.0 2.0 growth, making oversupply a loom- China is only the third largest glove-
and Europe. Dec 30, 2016 Dec 27, 2018 Dec 30, 2016 Dec 27, 2018 ing possibility for a sector already producing country by market share
This combination allowed the trading at high price-earnings mul- at 5%, behind second-placed Thai-
major players to rake in higher rev- tiple presently. land with a share of 21% as at Au-
enues and allow them to maintain The Malaysian Rubber Glove some RM18.8 billion in revenue For instance, Top Glove, which gust this year.
a fair performance in earnings as Manufacturers Association esti- for the year. commands a 26% global market Meanwhile, the sector remains
they continue to work on expand- mated in August that local man- The association also expects Ma- share, has already seen demand uniquely defensive with strong fun-
ing output and improving efficiency ufacturers would supply 63%, laysia to increase its global market for vinyl gloves taper off in its latest damentals due to persisting demand,
amid fluctuations in the ringgit and or 168.8 billion pieces, of global share to 68% over the next two years financial quarter. hence any slide in valuations should
operating costs. purchases in 2018, representing from 60%-65% now. As such, more analysts are “neu- provide an opportunity for entry.

N O TA B L E S TA R P E R F O R M E R S

Ranhill Holdings Bhd Carlsberg Brewery Supermax Corp Bhd Lee Swee Kiat Group Bhd QL Resources Bhd
YTD Change 81.58%
Malaysia Bhd YTD Change 89.26% YTD Change 144.04% YTD Change 56.70%
RM RM RM RM
Mkt Cap Change RM417.51 million RM YTD Change 37.91% Mkt Cap Change RM1.08 billion Mkt Cap Change RM82.67 million Mkt Cap Change RM3.91 billion
Mkt Cap Change RM1.41 billion
1.30 4.5 1.2 7.60
21.0
RM1.19 RM19.76 RM3.58
1.16 3.9 1.0 6.92
19.6
RM6.75
1.02 3.3 0.8 6.24
18.2 RM0.88

0.88 2.7 0.6 5.56

16.8

0.74 2.1 0.4 4.88

15.4

0.60 1.5 0.2 4.20

14.0
Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018

TOP GAINERS TURNED BIG LOSERS

Pos Malaysia Bhd Inari Amertron Bhd VS Industry Bhd SKP Resources Bhd Hengyuan Refining Co Bhd
YTD Change -67.20% YTD Change -33.07% YTD Change -69.98% YTD Change -50.97% YTD Change -74.05%
RM RM RM RM RM Mkt Cap Change -RM3.99 billion
Mkt Cap Change -RM2.82 billion Mkt Cap Change -RM2.35 billion Mkt Cap Change -RM2.58 billion Mkt Cap Change -RM1.46 billion
5.5 2.50 2.50 2.50 18.0

4.6 2.26 2.13 2.19 15.2

3.7 2.02 1.76 1.88 12.4

2.8 1.78 1.39 1.57 9.6

RM4.65
1.9 1.54 1.02 1.26 6.8

RM1.70 RM1.48 RM0.705 RM1.05

1.0 1.30 0.65 0.95 4.0
Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018 Dec 5, 2017 Dec 27, 2018
10 H O M E B U S I N E S S
M’sia to lose up to RM5b if oil
trades at US$55-US$65/barrel
If it falls to US$50/barrel, the country may lose up to RM6.6 billion — UOB
BY G I GI C H UA
KUALA LUMPUR: UOB Group
said yesterday its crude oil price
forecast at US$55 (RM229.35) to
US$65 per barrel (bbl) translates
into a Malaysian government rev-
enue loss of around RM2 billion
to RM5 billion.
In a note, UOB senior econ-
omist Julia Goh said the decline
sensitivity in the country’s oil-re-
lated revenue is RM300 million
for every US$1 drop in crude oil
prices. The calculation excludes
Petroliam Nasional Bhd’s (Petro-
nas) dividend to the government.
Brent crude has fallen from
a high of US$86.29/bbl on Oct
3 this year to US$54.40/bbl at
the time the note was written. At
press time, Brent crude has slid
further to US$53.36/bbl.
“If we take the government
and Petronas’ medium-term view
of US$50/bbl-US$60/bbl for 2019
to 2021, this translates into a rev-
enue loss of around RM3.6 billion
to RM6.6 billion or 0.2% to 0.4%
of GDP (gross domestic product).
“[It’s] worth noting that only
33% of the total oil revenues of
RM81 billion in 2019 is at risk,
given that the Petronas dividend
of RM30 billion (special one-off )
Goldman Sachs falls for fifth day
as 1MDB risk remains in focus
BY RYA N VL A STEL I CA
NEW YORK: Goldman Sachs Group
Inc fell for a fifth consecutive ses-
sion as it faces continued pres-
sure from a high-profile corruption
probe that has spanned continents.
The bank’s shares dropped as
much as 3% on Wednesday and
were on track to their lowest close
since July 2016. The stock, which is
the fifth-heaviest weighted compo-
nent of the Dow Jones Industrial
Nan Hai-Malton JV enters next bidding phase for Taipei project
BY C H E ST ER TAY
KUALA LUMPUR: Malton Bhd’s
joint venture (JV) with Hong
Kong-listed Nan Hai Corp Ltd has
been selected to enter into the next
phase of the bidding process for the
construction of a superstructure
above the airport express train sta-
tion located near the Taipei main
train station in Taiwan.
Oil revenue may be reduced by RM6.6bil or -1.8% of government
revenue, if oil price assumption is revised to US$50/bbl
Others
Special one-off dividend
RM bil Petronas dividend
90
75
60
45
30
15
0 10
2010
2011
2012
2013
2014
2015
Source: MoF, UOB Global Economics & Markets Research
and RM24 billion (annual dividend)
is locked in as it is based on the
preceding year’s oil price level (YTD
[year to date] 2018 as of Dec 26:
US$71.92/bbl versus official fore-
cast for 2018: US$71/bbl). The vari-
able components of the oil revenue
are petroleum income tax and pe-
troleum royalties, which are based
on the current year’s oil price and
oil production,” she said.
Based on UOB’s channel checks,
Goh said there is upside to the gov-
Average, has fallen almost 12% in
the past five trading days.
Goldman shares have sold off as
concern mounts about the impact
of a global corruption probe that is
examining its role in allegedly aid-
ing a historic heist of a Malaysian
investment fund known as 1Ma-
laysia Development Bhd (1MDB).
Shares have shed more than 30% of
their value from a recent peak on
Nov 8, compared with Dow’s 15%
decline during the same period.
Malton said the Department of
Rapid Transit Systems Taipei City Gov-
ernment had yesterday announced
that the bid submitted by the Nan
Hai-Malton JV has been selected as
the best applicant for the project.
Nan Hai holds an 80% equity in-
terest in the JV, while Malton holds
the remaining 20% stake.
In a filing with Bursa Malaysia,
Malton said the Nan Hai-Malton JV
Petroleum royalty
PITA
Oil-related revenue
(% of govt revenue)
(if revise)
2018F
2016
2017
(original)
2019F
2019F
ernment’s revenue from new tax
measures and additional revenue
from asset sales.
She said the additional reve-
nue could be between RM4 bil-
lion and RM8 billion, while savings
from introducing a targeted subsi-
dy scheme could be around RM6
billion. “Hence, we think there is
room to manoeuvre and prevent
a slippage in the fiscal deficit tar-
gets,” she said.
UOB’s report came after Finance
Alison Williams, a senior analyst at
Bloomberg Intelligence, on Wednes-
day estimated that Goldman’s risks
from investigations and lawsuits re-
lated to the 1MDB scandal could ex-
ceed US$5 billion (RM20.85 billion).
However, she said the company could
settle “for less than that amount, pos-
sibly for about US$4 billion”.
Goldman has fallen almost 40%
this year, the biggest decline among
the 30 members of the Dow, which
is down 11% in 2018. — Bloomberg
will now commence negotiation on
the terms of an investment agree-
ment with the Taipei City authorities
and is expected to enter into such an
agreement in March next year.
On Oct 1, the Nan Hai-Malton
JV had submitted a bid to the Tai-
pei City authorities for the project.
The project involves the devel-
opment of a high-rise multipurpose
complex and prime office space.
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Minister Lim Guan Eng said on
Sunday that the government
would only recalibrate Budget
2019 if the average crude oil price
dipped below US$50 a barrel. The
% budget targets a fiscal deficit of
40 RM52 billion or 3.4% of GDP in
2019, based on an average crude
35 oil price of US$72 a barrel, ac-
30
cording to Guan Eng.
He was also reported as saying
25 that there was no need to recali-
20
brate the budget now as the gov-
ernment was looking at average
15 crude oil prices and not daily prices.
UOB noted that the last budget
recalibration was done on Jan 28,
2016 when oil prices fell below
US$35/bbl for about a month.
Consequently, Budget 2016 was
revised based on a lower Brent
crude oil price assumption of
US$30/bbl to US$35/bbl (from
US$48/bbl originally).
“This resulted in a revenue
shortfall of RM7.8 billion to
RM9.4 billion. The fiscal defi-
cit target was left unchanged at
-3.1% of GDP for 2016, as meas-
ures were then introduced to cut
expenditure, enhance revenue,
and stimulate growth. Growth
targets were revised to 4% to 4.5%
(from 4% to 5% initially),” Goh
noted.
Kronologi to see emergence of new
largest shareholder after IT firm buy
BY C H E S T E R TAY
KUALA LUMPUR: Kronologi
Asia Bhd plans to acquire IT
infrastructure company Sandz
Solutions (Singapore) Pte Ltd
for RM75 million using a com-
bination of cash and new share
issuance, which will pave the
way for the emergence of a new
single, largest shareholder in
the group.
The deal, if it gains sharehold-
ers and authorities’ approvals,
will see Sandz’ current owner,
Desert Streams Investment Ltd
(DSIL), which is controlled by
Sandz’s managing director En-
rique Galang Velasco, becom-
ing Kronologi’s single, largest
shareholder with a 23.65% stake,
according to Kronologi’s stock
exchange filing yesterday.
Kronologi said Sandz pro-
vides IT infrastructure solu-
tions services in the Philippines
through its wholly-owned sub-
sidiary Sandz Solutions Phil-
ippines Inc, and that the ac-
quisition comes with a profit
warranty from the vendors that
Sandz would achieve a profit
Berjaya Corp
narrows 2Q net
loss on absence
of impairment
BY C H E S T E R TAY
KUALA LUMPUR: Berjaya Corp
Bhd (BCorp) narrowed its net loss
by 51% to RM71.04 million for the
second financial quarter end-
ed Oct 31, 2018 (2QFY19) from
RM145.99 million a year ago, due
to the absence of impairment
related to the sale of the Great
Mall of China (GMOC) project.
As a result, BCorp’s loss per
share also shrunk to 1.24 sen for
2QFY19 from 2.54 sen for 2QFY18.
Quarterly revenue, however, fell
9% to RM1.99 billion from RM2.19
billion, mainly due to lower contri-
bution from consumer products and
services, and property segments.
“The consumer products and
services segment is operating in
an intensely competitive trading
environment, pervaded with nu-
merous online marketing portals,
as well as other direct selling com-
petitors,” said BCorp in a filing with
Bursa Malaysia yesterday.
“Revenue from the property
segment also decreased following a
slowdown in the sales of the group’s
high-end projects,” it added.
For the cumulative six months
(1HFY19), the group’s net loss
also narrowed to RM35.98 mil-
lion from RM189.38 million a
year ago, even though revenue
slipped 5.7% to RM4.13 billion
from RM4.38 billion in 1HFY18.
“Given the prevailing eco-
nomic conditions and global fi-
nancial outlook, the directors
are of the view that the group’s
operating environment will be
challenging for the remaining
quarters of the financial year end-
ing April 30, 2019,” said BCorp.
after tax of US$1.5 million for the
financial year ending Dec 31, 2019.
The proposed acquisition will be
satisfied via the issuance of 123.57
new Kronologi shares at an issue
price of 56.65 sen apiece, and RM5
million cash.
On completion of the deal, Kro-
nologi’s executive director and cur-
rent single largest shareholder Tan
Jeck Min will see his 13.82% share-
holding — as at Dec 26 — diluted
to 10.55%. The group’s acting chief
executive officer Teo Chong Meng
Philip Dominic’s shareholding will
also be diluted from 6.33% to 4.83%.
Kronologi said the acquisition
will complement its existing busi-
ness segments and allow it to ex-
pand into the Philippines through
Sandz, and that both parties will
be able to leverage on each other’s
expertise.
Kronologi expects to complete
the acquisition in the first quarter
of 2019. TA Securities Holdings Bhd
has been appointed adviser for the
proposed acquisition.
Kronologi shares closed half a
sen or 0.89% higher at 57 sen yes-
terday, giving it a market capitali-
sation of RM227.32 million.
12 H O M E B U S I N E S S
EPF’s number of approved
withdrawals up 6.9% in 3Q18
The quarter records marked increase in flexible withdrawals versus full withdrawals
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: The total num-
ber of approved applications for
all withdrawals at the Employees
Provident Fund (EPF) rose 6.93%
to 616,835 in the third quarter of
2018 (3Q18), from 576,836 in the
previous year.
But the amount withdrawn de-
clined slightly to RM11.52 million
from RM11.68 million, the EPF said
in a statement yesterday.
For Age 55 Full Withdrawal, to-
tal approved applications in 3Q18
dropped 53.6% to 16,726 (RM907.35
million) from 36,045 (RM2 billion)
in 3Q17. Approved applications for
Age 60 Full Withdrawal, howev-
er, grew 15% to 14,733 (RM217.77
million) in 3Q18 from 12,811
(RM280.66 million) in 3Q17.
EcoFirst seeks to jointly develop RM1.25b project
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: EcoFirst Con-
solidated Bhd is seeking to joint-
ly develop a RM1.25 billion gross
development value (GDV) mixed
residential and commercial project
in Paya Terubong, Penang with the
Penang-based Lone Pine group.
It yesterday signed a share sale
agreement (SSA) to acquire a 70%
stake in Geo Valley Sdn Bhd, a
member of the Lone Pine group,
for RM44 million cash.
EcoFirst said it will first sub-
scribe for a 20% stake in Geo Val-
ley for RM13,333.46. It will then
acquire another 3.3 million shares
Construction group Gagasan Nadi
Cergas' IPO oversubscribed by 20 times
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Gagasan Nadi
Cergas Bhd, which is slated to list
on Bursa Malaysia’s Ace Market on
Jan 8, saw the public tranche of its
initial public offering (IPO) over-
subscribed by 20.2 times.
The construction group, which is
also involved in facilities manage-
ment services and holds two uni-
versity concession projects, said in a
statement yesterday it has received
6,029 applications for 423.5 million
shares worth RM127 million for its
public tranche of 20 million shares.
The group’s IPO entails a pub-
lic issue of 140 million new shares
and an offer for sale of 60 million
existing shares at 30 sen per share,
representing 26.6% of the group’s
enlarged share capital.
It intends to raise RM42 million
The quarter under review also
recorded a marked increase in the
number of applications for flexible
withdrawal, compared with full
withdrawal, the EPF said.
“In its third quarter (3Q18) Op-
erations results, the EPF reported
a 57.76% increase in the approved
applications for Age 55 Flexible
Withdrawal to 70,955 from 44,976 in
the corresponding period in 2017,”
it said. The total amount withdrawn
under Age 55 Flexible Withdrawal
was RM2.72 billion in 3Q18, com-
pared with RM1.8 billion in 3Q17.
Meanwhile, approved applica-
tions for Age 60 Flexible Withdrawal
recorded a 45.7% increase to 43,289
(RM791.95 million) in 3Q18 from
29,712 (RM662.05 million) in 3Q17.
As at end-September 2018, the
number of EPF members totalled
for RM44 million from Geo Valley
shareholders.
Geo Valley owns seven pieces of
land totalling 32.8 acres (13.3ha)
in Paya Terubong, Penang. “The
pieces of land in Geo Valley are
intended to be developed as resi-
dential and commercial develop-
ment,” it added.
Geo Valley had been granted
planning permission on Dec 9,
2015 and building plan approv-
al on June 21, 2016 by the City
Council of Penang Island for the
development of three blocks of
medium cost apartments and one
block of controlled price apart-
ments and commercial shoplots
from the IPO, to fund the group’s
future expansion and working cap-
ital requirements. From the offer
of sale, it will raise RM18 million,
which will accrue entirely to the
offerors.
Going forward, Gagasan Nadi
Cergas group managing director
Wan Azman Wan Kamal said, the
group intends to continue its stra-
tegic direction to expand recurring
income from long-term contracts
through the utilities segment.
“Additionally, we look forward in
our natural progression into prop-
erty development on the back of
our core specialisation in design
and build and track record of more
than 20 years in completing sizable
projects across the nation,” he said.
As at Nov 15, the group’s con-
struction order book stood at over
RM600 million.
14.09 million, of whom 7.2 mil-
lion were active contributors, with
138,376 newly registered members.
The quarter under review also
saw an increase of 10.74% in the
number of newly registered em-
ployers to 17,791 from 16,065 in
3Q17, bringing the total number of
registered employers as at end-Sep-
tember 2018 to 504,090.
In tandem with the increase in
membership, the EPF said it recorded
an 11.56% increase in contributions
received in 3Q18 to RM16.91 billion
from RM15.16 billion last year.
This upped its total accumu-
lated members’ contributions to
RM785.59 billion, a rise of 9.72%
from RM715.97 billion in 3Q17.
Meanwhile, the EPF reported
that the use of its flagship electronic
service i-Akaun, recorded a surge
on one out of the seven pieces of
land measuring 21.73 acres.
In a filing with Bursa Malaysia
yesterday, EcoFirst said it had en-
tered into the SSA with five indi-
viduals, namely Tay Siew Hwei,
Khoo Lay Har, Ooi Sheng Long,
Ng Wee Kiat and Ng Wee Hean,
for the proposed acquisition.
“The purpose of the pro-
posed acquisition is to enlarge
the group’s land bank for future
development project and will
contribute positively to the fu-
ture earnings and cashflow of the
group in line with its core busi-
ness,” it noted.
Geo Valley recorded an au-
L&T-HSL consortium bags RM91m Kuching substation job
BY TAN XU E Y I NG
KUALA LUMPUR: Sarawak-based
infrastructure firm Hock Seng Lee
Bhd (HSL) in a consortium with
India’s Larsen & Toubro Ltd (L&T)
and its associate Larsen & Toubro
(East Asia) Sdn Bhd has bagged
a RM90.99 million contract from
Sarawak Energy Bhd for a substa-
tion project in Kuching, Sarawak.
Deleum wins ExxonMobil job to provide equipment, services
BY TAN XU E Y I NG
KUALA LUMPUR: Deleum Bhd
has bagged a new contract from
ExxonMobil Exploration and Pro-
duction Malaysia Inc to provide
slickline equipment and services
for the latter.
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
of 83.45% to 11.09 million in 3Q18,
versus 6.04 million in 3Q17.
“The EPF’s multiple electronic
and self-service channels contin-
ue to record satisfactory growth, at
a time when physical visits to the
counter and kiosks recorded a re-
duction. This is in line with our stra-
tegic thrust to have no less than 80%
of our members using our self-ser-
vice channels,” said EPF deputy
chief executive officer (operations)
Datuk Mohd Naim Daruwish.
To respond to the evolving needs
of members for seamless online trans-
actions, Mohd Naim added, several
enhancements will be introduced to
the fund’s online touchpoints, par-
ticularly e-Pengeluaran, which will
see end-to-end solutions to mem-
bers’ withdrawal process in addition
to new and improved features.
dited net loss of RM4.43 million
for the financial year ended Aug
31, 2017. As at Aug 31, 2017, the
company had audited net liabil-
ities of RM13.84 million.
EcoFirst said it plans to fund
the purchase price through inter-
nal funds and/or external bank
borrowing.
“The proposed acquisition is
expected to contribute positively
to the future earnings and earn-
ings per share of EcoFirst Group
beginning financial year ending
May 31, 2020 (FY20),” it added.
The proposed deal is expect-
ed to be completed in the fourth
quarter of FY19.
HSL has a 45% stake in the con-
sortium.
In a filing with Bursa Malaysia yes-
terday, HSL said the scope of works
for the group includes earth works,
piling, civil infrastructure works,
building and its related mechanical
and electrical works of the Matang
275/132/33/kV substation project.
The contract period for the com-
pletion and commissioning of the
Deleum said the value of the
contract depends on the agreed
rates and work order issued by
customers for the duration of the
contract.
In a filing with Bursa Malaysia yes-
terday, Deleum said the three-year
contract was awarded to its whol-
edotco Group
buys another
325 telecom
towers in
Cambodia
BY A R J UN A C H A N D R A N S H A N K A R
KUALA LUMPUR: Axiata Group
Bhd’s 62.37%-owned tower unit
edotco Group Sdn Bhd has ac-
quired 325 telecommunications
(telecom) towers from South East
Asia Telecom (Cambodia) Co Ltd.
The price of the deal was not
disclosed, but edotco Group
said the acquisition, via edotco
(Cambodia) Co Ltd, is in line
with its expansion strategy and
further strengthens its position
as a leading tower company in
the country.
edotco Group chief regional
officer of growth markets Phil-
lip Wong said partnering closely
with local network players re-
mains a key strategy for the group
in developing the telecom infra-
structure in the country.
“This [latest] deal reinforces
edotco Cambodia’s commitment
to investing in Cambodia as a
key market. We will be able to
partner more effectively with
mobile network operators by
introducing even more shara-
ble infrastructure and enhance
network availability across the
nation,” he said in a statement
yesterday.
“With this deal we boost our
reach in the country with an en-
hanced portfolio of over 3,600
telecommunications towers,
further solidifying our position
as a tower company of choice,”
Wong said, noting that 2,600 of
the towers are directly operated
and owned by edotco Cambodia
and the remaining 1,000 are man-
aged through a range of services
provided.
To date, edotco Group oper-
ates and manages over 28,500
towers across Malaysia, Myan-
mar, Bangladesh, Cambodia, Sri
Lanka and Pakistan.
project is 32 months, commencing
Jan 7, 2019.
“The contract is expected to
contribute positively to the group’s
earnings and net assets as the pro-
ject progresses during the contract
period,” said HSL.
“However, the transaction will
not have any effect on the share
capital and substantial sharehold-
ings of HSL,” it added.
ly-owned subsidiary Deleum Oilfield
Services Sdn Bhd, with a one-year
extension option.
“The contract is expected to
contribute positively towards the
group’s earnings and net assets
per share for the duration of the
contract,” it added.
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Maszlee pledges
to improve
education
system
BY N O R H AYATI MOHD A KHIR
KUALA LUMPUR: After being
appointed education minister in
May, Dr Maszlee Malik’s pledge
is “to improve the country”s ed-
ucation system and to ease the
burden of teachers.
Six months in office, Maszlee
has been the subject of various
controversies, but various quar-
ters continue to support him,
describing Maszlee as a man
with extensive experience in
education.
Starting with students having
to use black shoes to school, the
latest controversy was when he
claimed to have been quoted out
of context on the issues includ-
ing the 1Malaysia Development
Bhd scandal in the country’s his-
tory, as well as the proposal for
students to use hotel swimming
pools for their activities, which
was rejected by hoteliers.
The shoe issue follows com-
plaints from parents that white
shoes are easily soiled and are
difficult to keep clean, following
which the education ministry, in
October, agreed to enforce the
black shoe ruling for primary
and secondary school students
nationwide starting 2021.
The proposal for students
to use hotel swimming pools
invited a lot of criticism,
but it was among the happy
news announced by Masz-
lee, as swimming would be an
extracurricular activity to be
taught to students in schools
which have public swimming
pools nearby.
Prior to that, Maszlee, who
was appointed the seventh pres-
ident of the International Islam-
ic University Malaysia with the
consent of the Sultan of Pahang,
Sultan Ahmad Shah, was pres-
sured, especially by netizens, to
relinquish the post.
Maszlee is of the view that
the national education system
needs to be injected with new
approaches and should not be
too focused on positions and
examinations.
Saying that he is honoured
to be in Prime Minister Tun Dr
Mahathir Mohamad’s cabinet,
Maszlee said he is committed to
transforming the nation’s edu-
cation system by focusing on a
learning system that is technol-
ogy-centric with emphasis on
English. — Bernama
Muhyiddin: Inquest to be held into Muhammad Adib’s death
KUALA LUMPUR: An inquest will be
held to determine the cause of death
of the late fireman Muhammad Adib
Mohd Kassim during the riots at
a temple in Selangor last month,
Home Minister Tan Sri Muhyiddin
Yassin said yesterday.
He said attorney-general (AG)
Tommy Thomas, in his capacity as
the public prosecutor, will direct a
magistrate to conduct the inquiry
Toll hike freeze to cost
Putrajaya RM994m
Pakatan govt is studying best method to fulfil election promise
BY SURIN MURUGIAH
KUALA LUMPUR: The freeze on
toll hikes for highways and the
abolition of motorcycle tolls next
year are set to cost the government
RM994.43 million, said Finance
Minister Lim Guan Eng.
In a statement yesterday, Guan
Eng said the freeze involves 21
highways and buses on eight ad-
ditional highways.
The abolition of motorcycle
tolls, meanwhile, is for the Penang
Bridge (First Penang Bridge), the
Sultan Abdul Halim Mu’adzam
Shah Bridge (Second Penang
Bridge) and the Second Link in
Johor, he said.
“The toll hike freeze for all vehi-
cle classes on 21 highways will in-
cur an estimated RM972.75 million
in compensation payments to the
relevant highway toll concession-
aires for 2019,” he said.
“Additionally, the freeze on toll
hikes for buses will cost the gov-
ernment another RM1.68 million,”
he added.
Govt needs to draft new
economic plan — economist
BANGI: The government needs
to come up with a draft or a new
economic plan to determine the
direction of the nation’s develop-
ment, said Universiti Kebangsaan
Malaysia (UKM) vice-chancel-
lor Prof Tan Sri Dr Noor Azlan
Ghazali.
He said Malaysia needs a com-
prehensive development plan in
the face of the global economy
which is currently volatile, un-
certain, complex and ambiguous.
He said the last time the gov-
ernment had introduced a policy
to drive the country’s economy
was in 2010 which was the New
Economic Model.
“We need a new plan because
right now we do not know which
blueprint is being referred to. With
under Section 339(1) of the Crimi-
nal Procedure Code.
“The AG will apply to the court to
set the date for the hearing as soon
as possible and will assist the magis-
trate in conducting the inquest,” he
said in a Facebook post yesterday.
Muhammad Adib, of the Subang
Jaya fire & rescue station, was severe-
ly injured when he arrived in the vi-
cinity of the Seafield Sri Maha Mar-
Freezing of toll hikes in 2019
NO ITEM
1 Toll hike freeze for all vehicles for 21 highways in 2019
2 Toll hike freeze for class 5 vehicles (buses)
for 8 separate highways in 2019
3 Abolition of motorcycle toll for the Penang Bridge and
the Sultan Abdul Halim Mu’adzam Shah Bridge in Penang
as well as the Second Link in Johor
Total
Source: Ministry of Finance
The abolition of motorcycle tolls,
meanwhile, will cost some RM20
million per year in compensation
payments.
Guan Eng pointed out that the
Pakatan Harapan (PH)-led gov-
ernment is currently studying the
best method to fulfil its 14th gen-
eral election manifesto promise.
“The toll hike freeze is part of
these efforts. On Dec 12, the cab-
inet had decided to freeze all toll
rate hikes for all vehicle classes on
21 highways across the country that
are eligible for an increase in 2019.
a new plan, it will be easier for
industries to focus on whichever
sectors and for universities to come
out with new programmes relevant
to the focus sectors,” he said.
He said this to reporters at his
last press conference as UKM’s
vice-chancellor, as his tenure is
due to end on Dec 31 after serv-
ing since January 2014.
Meanwhile, Noor Azlan said
the government also needs to ad-
dress the imbalance in econom-
ic growth among the states, as
the average household income
in nine — namely Kedah, Kelan-
tan, Pahang, Perlis, Perak, Negeri
Sembilan, Terengganu, Sabah and
Sarawak — was lower than the
nation’s total average household
income. — Bernama
iamman Temple in USJ 25, Subang
Jaya, on Nov 27 to put out a car fire
during riots.
Muhyiddin said the magistrate
conducting the inquest will have
wide powers under Section 328 of
the Criminal Procedure Code to de-
termine the cause of death.
It states that “the words ‘cause
of death’ include not only the ap-
parent cause of death as ascertain-
ESTIMATED
COST (RM MIL)
972.75
1.68
20.00
994.43
“This is a marked enhancement
from the Budget 2019 announce-
ment made on Nov 2, which froze
all toll hikes next year for intra-city
tolls only,” he noted.
The abolishment of the tolls was
one of the promises included in the
Pakatan manifesto, which the coa-
lition was to achieve within the next
five years if it were to come into power.
In October, however, Prime Min-
ister Tun Dr Mahathir Mohamad
reportedly said it was not possible
to have highways without the im-
position of toll collection.
Noor Azlan: The government also needs
to address the imbalance in economic
growth among the states
able by inspection or post-mor-
tem examination of the body of
the deceased, but also all matters
necessary to enable an opinion
to be formed as to the manner in
which the deceased came by his
death and as to whether his death
resulted in any way from, or was
accelerated by, any unlawful act or
omission on the part of any other
person”. — Bernama
H O M E 13
IN BRIEF
Ex-special officer jailed,
fined for graft
SHAH ALAM: A former special
officer to a cabinet minister
was sentenced to two years’
jail and fined RM400,000, in
default a year’s jail, by the Ses-
sions Court here for corruption
involving RM80,000. Judge Ro-
zilah Salleh handed down the
sentence on Zailan Jauhari, 48,
after finding that the defence
had failed to raise reasonable
doubts against the prosecu-
tion’s case. The submission by
the defence was found to be
dishonest, totally unaccept-
able and merely a denial, she
said. However, Rozilah allowed
a stay of the sentence follow-
ing an application by lawyer
Md Yunos Shariff, representing
Zailan, to appeal the case at the
High Court. Zailan was charged
with committing the offence at
a restaurant in Kuala Selangor
between 7.30pm and 8pm on
Jan 8, 2014. — Bernama
JMM chief Azwanddin
remanded for four days
SHAH ALAM: The Klang mag-
istrate’s court yesterday issued
an order to have Jaringan Mel-
ayu Malaysia (JMM) president
Datuk Azwanddin Hamzah re-
manded for four days from yes-
terday to assist in an investiga-
tion into an alleged provocative
remark. Azwanddin, who is also
the adviser to Gagasan Tiga
Malaysia, was represented by
lawyer Datuk Imran Tamrin. At
a gathering organised by Ger-
akan Rakyat Malaysia at Data-
ran Seni, Klang, near here last
Tuesday, Azwanddin alleged-
ly made a provocative remark
threatening to storm the Klang
police station if those responsi-
ble for the death of fireman Mu-
hammad Adib Mohd Kassim
were not arrested. — Bernama
Be cautious when in
Songkhla — Wisma Putra
PUTRAJAYA: Malaysians in the
vicinity of tourist attractions
near Samila Beach, Songkhla,
Thailand, are advised to exer-
cise caution and monitor the
latest developments from local
news as well as local author-
ities. In a statement, Wisma
Putra said the consulate gen-
eral of Malaysia in Songkhla
has confirmed that there were
two explosions reported at the
tourist attractions near Samila
Beach at approximately 10pm
(local time) on Wednesday.
— Bernama
Royal couple in Penang
for two-day visit
GEORGE TOWN: The Dep-
uty Yang di-Pertuan Agong,
Sultan Nazrin Shah, and Raja
Permaisuri of Perak, Tuanku
Zara Salim, flew in to Penang
yesterday to begin a two-day
visit to the state. Sultan Naz-
rin, who is the Sultan of Perak,
and Tuanku Zara were wel-
comed at the Penang Inter-
national Airport at 1.45 pm by
Yang Di-Pertuan Negeri Tun
Abdul Rahman Abbas and
his wife, Toh Puan Majimor
Shariff. — Bernama
14 C O M M E N T
Trump is a test of the
economy’s breaking point
So far, presidential chaos has not mattered very much. There is no guarantee that will last
BY N OAH SMI TH
T
he president usual-
ly does not do a lot to
affect the US econo-
my. When people say
that president Barack
Obama or president
George W Bush created jobs, it
should not be taken literally —
what really created the jobs was
a confluence of vast and complex
economic forces that the president
affects only marginally. To sub-
stantially change the course of the
economy, a president has to enact
bold, dramatic policies, such as a
fiscal stimulus, tax cuts or a big
infrastructure plan. Getting them
through Congress is hard. Even
big policies, like President Donald
Trump’s tax cut, often have only
modest effects. And even when
the effects are substantial, they are
hard to measure. Nevertheless, we
probably tend to give presidents
too much credit for good times and
blame for bad times.
But there may be some impor-
tant situations in which presidents
China’s myth-busting miracle
BY ELO I L AU RENT
FORTY years ago, on Dec 29, 1978,
the 11th Central Committee of the
Communist Party of China (CPC)
released the official communique
from its third plenary session,
launching the greatest economic
growth experiment in human his-
tory. In newspeak understandable
to CPC insiders, the country’s lead-
ers, channelling the wishes of Deng
Xiaoping, announced a series of
unprecedented “modernisations”
that would transform one of the
world’s least developed countries
into a leading economic power.
In 2014, China overtook the US as
the world’s largest economy (based
on purchasing power parity). Its per
capita GDP, 40 times lower than
that of the US in 1980, has grown
by a factor of 58, and is now just 3.4
times lower (according to Interna-
tional Monetary Fund data). In ef-
fect, around 15% of humanity has
experienced 10% average income
growth every year for four decades.
But China’s dizzying rise has also
dispelled three leading myths about
the impact of economic growth.
The first is that growth reduces ine-
quality and increases happiness. In
1955, the economist Simon Kuznets
hypothesised that income inequal-
ity would increase sharply and then
do deserve lots of credit or blame.
As the 2008 financial crisis so pain-
fully showed, financial market dis-
ruptions that many initially wrote
off as limited in scope can have
big effects on the economy. And
as economists have noted for many
decades, the financial system itself
is an inherently fragile thing. Banks
are subject to runs. Asset markets
are prone to bubbles and crashes.
Webs of financial relationships are
vulnerable to crises of confidence,
when borrowers and lenders start
to suspect that their counterparties
are insolvent. Given this inherent
instability, there’s always the pos-
sibility that the president could
inject pessimism or panic into the
system at a moment of weakness,
precipitating a crisis where none
otherwise would have happened.
In recent weeks, Trump has taken
several steps that might end up con-
juring up just such a panic. First, he
shut down the federal government in
an attempt to force Congress to fund
a border wall with Mexico. Govern-
ment shutdowns have happened in
the past without serious economic
decline — in the pattern of an in-
verted “U” or a bell — as countries
underwent economic development.
Given the pace of China’s economic
growth since 1978, its experience
refutes this claim more powerfully
than any other case.
China, after all, is now one of the
world’s most unequal countries. For
the last ten years, its Gini coefficient
has hovered around 0.5, up from
around 0.3 in 1980 (a coefficient of
one means a single individual owns
everything). In fact, the relationship
between growth and inequality
over time has followed a peculiar
pattern: China’s Gini coefficient
has increased with growth, and de-
creased when growth has slowed.
Moreover, according to data
from the World Inequality Data-
base, the share of China’s nation-
al income accruing to the richest
10% increased from 27% to 41%
between 1978 and 2015, and dou-
bled for the top 1%. At the same
time, the share of national income
going to the poorest 50% fell from
26% to 14%. These data are con-
sistent with other sources showing
that while per capita GDP grew by
a factor of 14 between 1990 and
2010, the top quintile’s share of
national income increased at the
expense of the bottom four.
To be sure, these are relative
inequalities, and China has unde-
niably reduced absolute poverty.
Most Chinese once lived under
consequences, but Trump is promis-
ing that this one will last a long time.
Second, Trump has stepped up
his criticism of the Federal Reserve,
which has been raising short-term
interest rates. Many presidents in the
past have tried to jawbone the Fed
into lowering rates, in order to pro-
vide a bump to an economy (and thus
improve their re-election prospects).
But instead of bullying Fed officials
in a back room as past presidents
have done, Trump has expressed
his criticisms via social media and in
press interviews, making the conflict
between the presidency and the cen-
tral bank more public and dramatic.
Finally, Trump’s Treasury Sec-
retary, Steve Mnuchin, recently an-
nounced that he had called a number
of big bank leaders to ensure that
“they have ample liquidity availa-
ble”, and convened an emergency
meeting of the nation’s top finan-
cial regulators. If there really is a fi-
nancial crisis brewing, then this was
appropriate. But if there wasn’t one,
then moves like this — which suggest
the presence of financial turmoil —
could precipitate a crisis out of thin
conditions of high equality and
high misery; today, they live in an
unequal society where the income
of the poorest 10% grew by almost
65% between 1980 and 2015.
Given such progress, one might
think the Chinese have also grown
happier. But the opposite seems to
be true. In a chapter for the 2017
World Happiness Report, Richard A
Easterlin, Fei Wang, and Shun Wang
make a convincing case that while
China’s GDP has skyrocketed, its cit-
izens’ reported subjective well-be-
ing has declined, especially among
poorer and older cohorts. Even more
surprising, though Chinese subjec-
tive well-being remains below its
1990 level, it actually ticked up over
the past decade, when growth was
slower than in the 1990-2005 period.
The second myth dispelled by
China’s rapid growth is that eco-
nomic liberalism eventually breeds
political liberalism. Recall that in
1989, just months before Western
liberal democracy appeared to
have triumphed over Soviet com-
munism, China crushed a student
revolt in Tiananmen Square, killing
some 10,000 of its own citizens.
Since then, the country’s political
trajectory has not changed.
Capitalism with Chinese char-
acteristics implies the presence
of a strong state in all areas of na-
tional life. While the technocracy
facilitates economic expansion, the
state’s massive security apparatus
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
air. And announcing the phone calls
and meetings publicly was almost
certainly a mistake.
But will Trump’s missteps cause
damage to the wider economy? If
the financial system is fundamen-
tally sound, it seems unlikely. But if
stresses and vulnerabilities have built
up to dangerous levels, it seems like
the turmoil and doubt created by the
president’s words and deeds could
be enough to tip the system into a
downturn.
And there are signs that stresses
have been building up. Corporate
debt is at record highs as a per cent
of GDP:
Those who worry about corpo-
rate debt have focused on the lever-
aged loan market, and on bonds with
ratings just above junk. BBB-rated
bonds, which could quickly become
junk in a crisis, have become a larger
share of the corporate debt market:
Business uncertainty over an ex-
tended government shutdown or
other Trump actions could conceiv-
ably spark a sell-off in these markets.
Panicky-sounding communiques
from the Treasury could make banks
muzzles civil liberties and politi-
cal rights. Rather than becoming
more democratic, China became
a pioneer of the kind of authori-
tarian neoliberalism now seen in
Turkey, Brazil, Hungary, India, and
elsewhere.
Lastly, economic growth can
no longer be defended as the best
environmental policy. In 2007,
then-premier Wen Jiabao famous-
ly described China’s development
model as “unstable, unbalanced,
uncoordinated, and unsustainable,”
owing not least to its deleterious
ecological impact.
Recent data show that China is
now the largest extractor of nat-
ural resources in a global econ-
omy that is becoming ever more
resource-intensive. In 2010, China
represented 14% of global GDP, but
consumed 17% of all biomass, 29%
of fossil fuels, and 44% of metal
ores. Its domestic consumption of
all natural resources now accounts
for one-third of the global total,
compared to just one-quarter for
all developed countries.
Moreover, China now contrib-
utes 28% of global carbon dioxide
(CO2) emissions — twice as much
as the US, three times more than
the European Union, and four times
more than India. Between 1978 and
2016, China’s annual CO2 emissions
grew from 1.5 billion tonnes to ten
billion tonnes, and from 1.8 tonnes
to 7.2 tonnes in per capita terms,
and other financial institutions won-
der if their counterparties are holding
too much bad corporate debt. And
open warfare between Trump and
the Fed might raise concerns that
the central would defy the president
and raise interest rates in order to
demonstrate its own immunity to
Trump’s bullying. That could reduce
the value of corporate debt.
Already, there are signs of stress.
Investors are pulling money out of
both junk bonds and leveraged loans.
The latter are being priced at a dis-
count, while junk-bond yields have
risen sharply as stocks have fallen:
Economists have noted that eco-
nomic downturns tend to be preced-
ed by periods of sharp uncertainty
over policy. Although it’s not clear
which way the causation runs, it
seems possible for erratic and bun-
gled policy-making to tip vulnerable
financial markets into panic and
precipitate an economic downturn.
If Trump’s erratic moves manage
to introduce chaos into an already
shaky corporate debt market, then
this president might really own the
next recession. — Bloomberg
compared to the world average of
4.2 tonnes.
As is well documented, water,
groundwater, and air pollution in
China has reached a crisis point.
And that, incidentally, also poses a
problem for those who believe that
capitalism is the key driver of en-
vironmental destruction. After all,
the most ecologically unsustaina-
ble country in history is nominally
communist.
At the CPC’s 19th National
Congress in October 2017, Chi-
nese President Xi Jinping spoke of
a fundamental “contradiction be-
tween unbalanced and inadequate
development and the people’s ev-
er-growing needs for a better life”.
China, he confirmed, was commit-
ted to the transition to “ecologi-
cal civilisation” begun by the 13th
Five-Year Plan in 2016. Apparently,
the greatest episode of economic
growth in human history has end-
ed. — Project Syndicate
Eloi Laurent is a senior research
fellow at the Sciences Po Centre
for Economic Research (OFCE),
professor at the School of Manage-
ment and Innovation at Sciences Po,
and visiting professor at Stanford
University. He is the author of the
newly released Measuring Tomor-
row: Accounting for Well-being,
Resilience, and Sustainability in
the Twenty-First Century.
16 W O R L D B U S I N E S S
Wall St roars back to life
in best session in 9 years
Market shakes off four straight routs on strong retail sales data, among others
BY JO H N B I ERS
NEW YORK: Wall Street stocks
roared back to life on Wednesday,
shaking off four straight routs fol-
lowing strong retail sales data and
White House reassurances that Fed-
eral Reserve System’s (Fed) chair
Jerome Powell won’t be fired.
The Dow Jones Industrial Aver-
age finished up nearly 1,100 points,
or about 5%, at 22,878.45.
The broad-based S&P 500 also
surged 5% to 2,467.70, while the
technology-rich Nasdaq Composite
Index advanced 5.8% to 6,554.36.
The US gains were the biggest
for a single session on Wall Street
in nine years, a surge analysts at-
tributed in part to technical factors
after days of selling.
“It’s coming off of oversold con-
ditions and it was frankly due for a
bounce. Sentiment can be fickle in
times like these, so it’s important
to not get whipsawed,” said Matt
Miskin, market strategist at John
Hancock Investments.
Still, the session was not without
its shaky moments. After opening
solidly higher, the Dow briefly sank
into the red in mid-morning before
recovering and gathering steam
throughout the day.
To k y o c l o s e d h i g h e r o n
Wednesday, logging its first posi-
tive finish in six sessions. Chinese
stocks closed slightly lower, while
US mulls executive order to
bar Huawei, ZTE purchases
BY DAVI D SH EPA RD SON
& D I AN E B A RTZ
WASHINGTON: US President Don-
ald Trump is considering an execu-
tive order in the new year to declare
a national emergency that would
bar US firms from using telecom-
munications (telecoms) equipment
made by China’s Huawei and ZTE,
three sources familiar with the sit-
uation told Reuters.
It would be the latest step by
the Trump administration to cut
Huawei Technologies and ZTE
Corp, two of China’s biggest net-
work equipment companies, out
of the US market. The US alleges
that the two companies work at the
behest of the Chinese government
and that their equipment could be
used to spy on Americans.
The executive order, which has
been under consideration for over
eight months, could be issued as
early as January and would direct
the Commerce Department to
block US companies from buying
equipment from foreign telecoms
makers that pose significant na-
A trader works at his post on the floor of the New York Stock Exchange in New York on Wednesday. Photo by Reuters
Seoul also dropped.
Financial markets in Australia,
Hong Kong were closed for a pub-
lic holiday, along with bourses in
London, Paris and Frankfurt.
Many investors have been un-
nerved by a variety of factors, in-
cluding the partial US government
shutdown, the US-China trade war
and US President Donald Trump’s
ongoing criticism of Fed’s Powell.
The sense of bearishness
among investors is “just huge”,
tional security risks, sources from
the telecoms industry and the ad-
ministration said.
While the order is unlikely to
name Huawei or ZTE, a source said
it is expected that Commerce offi-
cials would interpret it as authori-
sation to limit the spread of equip-
ment made by the two companies.
The executive order would in-
voke the International Emergency
Economic Powers Act, a law that
gives the president the authority to
regulate commerce in response to
a national emergency that threat-
ens the US.
The issue has new urgency as
US wireless carriers look for part-
ners as they prepare to adopt next
generation fifth generation wireless
networks.
The order follows the passage
of a defence policy Bill in August
that barred the US government
itself from using Huawei and ZTE
equipment.
Huawei and ZTE did not return
requests for comment. The White
House also did not return a request
for comment. — Reuters
said Karl Haeling of LBBW.
In a note, Canaccord Genuity
equity strategist Tony Dwyer said
from a tactical standpoint, a reflex
rally is expected.
“But it is hard to find an extreme
oversold low that is not retested,”
he said.
Yet some analysts have argued
that the stock market’s weakness
in December has been dispropor-
tionate to economic conditions at
a time when unemployment is low
New allegations against Ghosn
concern Saudi payments
BY NO RI HI KO S HI RO UZ U
BEIJING: Fresh misconduct
allegations brought by Tokyo
prosecutors against ousted Nis-
san chairman Carlos Ghosn
centre on the use of compa-
ny funds to pay a Saudi busi-
nessman who is believed to
be Sheikh Khaled Al-Juffali,
vice-chairman of one of Saudi
Arabia’s largest firms to have
helped him out of financial dif-
ficulties, sources said.
The prosecutors’ statement
India tightens e-commerce rules
BY AFTAB AHM E D
& S ANK ALP P HARTI YAL
NEW DELHI/MUMBAI: India
will ban e-commerce compa-
nies such as Amazon.com and
Walmart — owned by Flipkart
Group — from selling products
from companies in which they
have an equity interest.
In a statement, the commerce
ministry said the firms will be
prevented from entering into ex-
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
and growth is still solid.
Data from Mastercard Spend-
ingPulse showed US holiday sales
increased 5.1% this holiday season
to over US$850 billion (RM3.54
billion), the biggest growth in the
last six years.
Analysts also took heart from
a nearly 9% jump in US oil prices,
the biggest in more than two years
and another bounce back follow-
ing recent weakness in petroleum
markets. — AFP
said they believe that around Oc-
tober 2008, Ghosn was trying to
deal with losses on paper of ¥1.85
billion (RM69.22 million) incurred
on a swap contract he had with a
bank which it did not name.
A person helped arrange a letter
of credit for Ghosn and a company
run by the person later received
US$14.7 million (RM61.23 million)
in Nissan funds in four installments
between 2009 and 2012, the state-
ment said, adding that the pay-
ments were made in Ghosn’s and
the person’s interests. — Reuters
clusive agreements with sellers.
The new rules will be applicable
from Feb 1, 2019, it said.
“An entity having equity par-
ticipation by e-commerce mar-
ketplace entity or its group com-
panies, or having control on its
inventory by e-commerce mar-
ketplace entity or its group com-
panies, will not be permitted to
sell its products on the platform
run by such marketplace entity,”
it said. — Reuters
IN BRIEF
PTT gets nod to buy
firm owned by Engie
BANGKOK: Thailand’s en-
ergy regulator has approved
state-owned PTT Group’s
multi-billion-dollar acquisi-
tion of a company owned by
French energy giant Engie, af-
ter concerns of an electricity
monopoly were resolved in a
new proposal. Engie signed a
deal in June with Thai group
Global Power Synergy Public
Co — part of PTT — to sell a
69.1% stake in Glow, an inde-
pendent coal-powered energy
producer listed on the Thai
Stock Exchange and owned
by Engie. The sale — expect-
ed to be worth an estimated
US$3 billion (RM12.51 billion)
— was blocked in October by
Thailand’s Energy Regulatory
Commission over worries the
acquisition would create a mo-
nopoly within some industrial
areas. — AFP
Profits of industrial
companies decline
BEIJING: The profits of Chinese
industrial companies fell for
the first time in almost three
years, highlighting the effects
of slowing economic growth,
falling prices, and the trade war
with the US. Industrial profits
declined 1.8% in November
from a year earlier, down from
a 3.6% rise in October. Total
profits for the month were 595
billion yuan (RM358.62 bil-
lion), the National Bureau of
Statistics said in a statement on
its website yesterday. China’s
manufacturing companies are
already under pressure with
output growing at the slowest
in a decade in November and
factory inflation decelerating.
— Bloomberg
Victim’s family files
suit against Boeing
CHICAGO: A suit filed on Mon-
day here blamed Boeing for the
deadly Lion Air crash off the
coast of Indonesia that killed
all onboard, claiming the man-
ufacturer’s plane was “unrea-
sonably dangerous,” a US law
firm announced on Wednes-
day. The suit was filed on be-
half of the family of passenger
Sudibyo Onggo Wardoyo, 40,
of Jakarta. “Not only did Boe-
ing place sensors that provided
inaccurate data, it also failed to
provide the plane’s pilots ade-
quate instructions,” the family’s
attorney Thomas Demetrio said
in a statement. — AFP
Sales in US holiday
shopping season up
BENGALURU: Sales in the 2018
US holiday shopping season
rose 5.1% to over US$850 billion
(RM3.54 trillion), the strongest
in six years, according to a Mas-
tercard report on Wednesday,
as shoppers were encouraged
by a robust economy and early
discounts. The data followed Am-
azon.com Inc’s announcement of
a “record-breaking” selling sea-
son, with the online retail giant
shipping a billion items for free
through its Prime membership
in the US. — Reuters
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Trump declares
end to US
‘policeman’ role
BY SAU L LOEB
& SEB ASTI A N SMI TH
AL-ASAD AIR BASE (Iraq): US
President Donald Trump used a
lightning visit to Iraq — his first
with US troops in a conflict zone
since being elected — to defend
the withdrawal from Syria and to
declare an end to America’s role
as the global “policeman”.
Trump landed at 7.16pm lo-
cal time at Al-Asad Air Base in
western Iraq, accompanied by
his wife Melania, following what
he described as a stressful, secre-
cy shrouded flight on a “pitch
black” Air Force One.
The president spoke to a
group of about 100 mostly spe-
cial forces personnel and sepa-
rately with military leaders be-
fore leaving a few hours later.
A planned meeting with Iraqi
Prime Minister Adel Abdel Mah-
di was scrapped and replaced
by a phone call, the premier's
office said.
During the call, Trump invited
Abdel Mahdi to visit Washington
and he accepted, White House
spokeswoman Sarah Sanders
said.
White House video showed
a smiling Trump shaking hands
with camouflage-clad personnel,
signing autographs and posing
for photos at the base in Iraq.
At the Iraqi military base,
Trump sought to defend his
“America First” policy of pull-
ing back from multinational al-
liances, including what to many
Americans seem like the endless
wars of the Middle East.
“It’s not fair when the burden
is all on us,” he said. “We don’t
want to be taken advantage of
any more by countries that use
us and use our incredible military
to protect them. They don't pay
for it and they’re going to have
to.” — AFP
Flights ordered to steer clear of Anak Krakatau volcano
BY F E RG US JEN SEN
LABUAN (Indonesia): Indonesia
yesterday raised the alert level for
the erupting Anak Krakatau volcano
to the second-highest, and ordered
all flights to steer clear, days after it
triggered a tsunami that killed at
least 430 people.
A crater collapse on the volcanic
island at high tide on Saturday sent
waves up to 5m high smashing into
the coast on the Sunda Strait, be-
tween the islands of Java and Su-
matra.
Authorities have warned that the
crater of Anak Krakatau, or child of
Krakatau, remains fragile, raising
fears of another collapse and tsu-
nami, and have urged residents to
stay away from the coast.
The volcano has been rumbling
on and off since July but has been
particularly active since Sunday,
spewing lava and rocks, and send-
ing huge clouds of ash up to 3,000
metres into heavily overcast skies.
The national geological agency,
US trade team
said to visit China
in early January
The Deputy US Trade Representative will lead the delegation
BY JENNY LEONARD
WASHINGTON: A US government
delegation will travel to Beijing in
the week of Jan 7 to hold trade talks
with Chinese officials, two people
familiar with the matter said.
Deputy US Trade Representative
Jeffrey Gerrish will lead the Trump
administration’s team, which will
also include Treasury Under Secre-
tary for International Affairs David
Malpass, according to the people,
who spoke on the condition of an-
onymity.
Next month’s meeting will be the
China to try Canadian on drugs
charges — state media
BY BEN BLANCHARD
BEIJING: A Chinese court will try a
Canadian citizen on drugs charg-
es tomorrow, a government-run
news portal said, in a case that
could further test already diffi-
cult relations between Beijing
and Ottawa.
The two countries have sparred
over the fate of two Canadian cit-
izens detained in China on suspi-
in raising the alert level to the sec-
ond-highest, set a 5km exclusion
zone around the island.
"Since Dec 23, activity has not
stopped ... We anticipate a further
first face-to-face discussion the two
sides have held since US President
Donald Trump and China’s Xi Jin-
ping agreed on a 90-day truce in
Argentina this month. Treasury
secretary Steven Mnuchin said last
week the US team and its counter-
parts have held discussions over
the phone.
The meeting adds to signs that the
world’s two largest economies are
making progress in cooling trade ten-
sions. Beijing this week announced
a third round of tariff cuts, lowering
import taxes on more than 700 goods
from Jan 1 as part of its efforts to open
cion of endangering state secu-
rity, and of Canada’s arrest of a
high-ranking Chinese executive
at the request of the US.
The high court in the north-
eastern province of Liaoning said
on Wednesday a man it identi-
fied as Robert Lloyd Schellenberg
would be tried on drugs smug-
gling charges in Dalian city on
Saturday.
A Dalian government news por-
escalation," said Antonius Ratdo-
mopurbo, secretary of the geolog-
ical agency.
A thin layer of volcanic ash has
been settling on buildings, vehicles
up the economy and lower costs for
domestic consumers.
Chinese and US officials have
been in constant contact since the
meeting in Argentina, but China
isn’t exactly clear on the specifics
of what the US wants, according to
two people in Beijing with knowl-
edge of the talks. China wants the
US to remove the punitive tariffs
that have been imposed and not
add new ones, but suspects the US
will ask for more before it agrees to
do that, the people said.
US stocks extended gains on news
of the talks. — Bloomberg
tal said late on Wednesday Schel-
lenberg was a Canadian and that
this was an appeal hearing after
he was found by an earlier ruling
to have smuggled “an enormous
amount of drugs” into China.
Foreign Ministry spokeswom-
an Hua Chunying said she did not
have a grasp on the situation, but
added that China had repeatedly
made its “solemn” stance clear to
Canada. — Reuters
An aerial view of
Anak Krakatau
volcano during an
eruption at Sunda
Strait in South
Lampung, Indonesia,
on Saturday. The
national geological
agency, in raising
the alert level to
the second-highest,
set a 5km exclusion
zone around the
island. Photo by
Reuters
and vegetation along the west coast
of Java since late on Wednesday,
according to images shared by the
national disaster mitigation agen-
cy. — Reuters
W O R L D 17
IN BRIEF
S’pore blogger fights back
against PM libel suit
SINGAPORE: Singaporean
blogger Leong Sze Hian is
fighting back after Singapore’s
Prime Minister Lee Hsien
Loong sued him for defama-
tion for sharing an article on
Facebook linking the leader to a
corruption scandal. The prime
minister lodged the defamation
suit against Leong earlier in
December for posting on his
Facebook page a link to an ar-
ticle alleging that Lee was the
target of an investigation in
neighbouring Malaysia over
the scandal at sovereign wealth
fund 1 Malaysia Development
Bhd. Lee said the article, origi-
nally published in a Malaysian
news portal, was false and with-
out basis and that Leong had
reposted the link to smear his
reputation. But Leong, a regular
critic of government policies,
has now lodged a countersuit
against Lee for alleged abuse of
the court system. — AFP
Bomb damages mermaid
statue at Thailand’s beach
SONGKHL A: Two bombs
rocked the popular Samila
Beach here on Wednesday
night, causing damage to the
famous Golden Mermaid Stat-
ue and the Cat and Mouse
Sculpture. Songkhla provin-
cial governor Wiranan Pen-
jang said no one was injured
in the incident which hap-
pened at 10pm at the beach
which is popular among local
and foreign tourists including
Malaysians. The second of the
bombs split the base of the
mermaid statue, he said. The
first bomb exploded about 10
minutes earlier at the sculp-
ture about 200m away from
the mermaid statue, he add-
ed. — Bernama
S Koreans found drowned
after golf-buggy collision
BANGKOK: The bodies of
two South Korean men who
drowned while golfing in north-
ern Thailand have been found,
police said yesterday, after their
wives’ buggy collided with their
own, knocking them into a riv-
er. The group were on a fer-
ry preparing to cross the river
that runs through the course
when the men — who were in
one buggy — were acciden-
tally rammed by their wives
in another. The impact threw
them all into the muddy waters,
said district police Lieutenant
Colonel Suwat Suawatmontri.
— AFP
Boy survives 40-minute
burial in French Alps
GRENOBLE (France): A
12-year-old boy was found alive
on Wednesday 40 minutes after
being swept away and buried
by an avalanche while skiing
with his parents in the French
Alps, rescuers said. The fami-
ly had just left a groomed run
for an off-piste sector at the
La Plagne ski area in south-
east France when the boy was
caught by the cascading mass
of snow at around 2pm. — AFP
18
live it!
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

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

WEEKEND
by numbers
28.12.18 to 30.12.18
Your quick guide to rest and relaxation. By Sophiya Sabapathy

3 performances to enjoy
Get tickets this weekend for a night of poetry this com- Malaysian pop and R&B singer Ning Baizura returns to
ing Monday. With none of the basics, like microphones the Bobo KL stage for four nights to welcome in the new
and speakers, the audience is expected to come garbed year. Book now to hear her soulful voice bid farewell to
in their most expensive fitness gear to ring in 2019. Per- 2018 and warmly ring in 2019. She will be performing
formers include spoken-word poet Gwendoline Esther at 9.30pm tonight to Monday at Bobo KL, 65-1 Jalan
Hay as well as Nana, runner-up in the Malaysian National Bangkung, Bangsar, Kuala Lumpur. Tickets are priced
Poetry Slam 2018 held at the George Town Literary Festi- from RM150. Call (03) 2092 5002 for more information.
val. Malam Sayu Berpuisi will begin at 8.30pm at Pokok
banyan (outdoor), Kuala Lumpur Performing Arts Centre,
Jalan Sultan Azlan Shah, Sentul, Kuala Lumpur. Entry by
donation. For more information, visit klpac.org.

Join Juliana da Silvia, from Sao Paulo, and Hady Afro

tomorrow at No Black Tie. Juliana takes the stage with
her soulful voice singing a mix of Brazilian music and
jazz. She will be accompanied by the talented guitarist
who began his craft at the ripe age of eight, Hady Afro,
also known as Sheikh Hady Basmeih. The show will start
around 10pm at 17 Jalan Mesui, off Jalan Nagasari, Kua-
la Lumpur. Tickets are available for RM75 at noblacktie.
com.my.

2 new year essentials to invest in

Treat yourself to a contempo- Getting a deluxe diary is the
rary-styled wall clock with a best way to start the year and
bright pewter frame that en- keep to all those resolutions
circles a dark circular wooden by staying organised. Typo
analogue clock face with pewter presents this planner which
discs in place of digits for a sleek features a magnetic closure
minimalist look. The clock face cover, card holders, a pen loop
is made from South American and a monthly reference cal-
black wood. Available for RM790 endar. Available for RM49 at
at my.royalselangor.com. cottonon.com/my.
 live it! 19
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY

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

1 photography 1 great ride to

exhibition to catch consider
The Two Mountains Photography Project includes photographers who were
specially chosen to capture personal stories about Mount Fuji in Japan and Naza Premira Sdn Bhd, the official
Mount Kinabalu in Sabah for this exhibition. Head over to Ilham Gallery, distributor of the Vespa brand in
Levels 3 & 5, Ilham Tower, 8 Jalan Binjai, Kuala Lumpur, this weekend to view Malaysia, has just launched the
their pieces. For further details, visit ilhamgallery.com. Primavera 50th Anniversary Edi-
tion, a special series released by
Piaggio, in conjunction with the
Primavera’s glorious celebration
of 50 years since its first intro-
duction in 1968. Start the year
right with a new, stylish and
free-spirited ride.

3 weekend-long activities to check out

The Fuyoh! Collectors Market is back in Publika tomor-
row and Sunday with over 60 booths, giving shoppers
a selection of antiques, toys, comics, records, music
memorabilia, collectibles and much more. Open from
10am to 10pm, this market will be held at Publika
Mall, 1 Jalan Dutamas 1, Kuala Lumpur. For further
information, call (03) 6207 9426.

The aquarium in the heart of Kuala Lumpur will be

presenting an enchanting experience this season to
ensure a memorable experience for visitors to Aquaria.
There will be the Underwater Santa Feeding Frenzy
at noon and 3pm, Magic Walkabout at 1pm, and Un-
derwater Magic Show at 3.30pm. For further details,
visit facebook.com/AquariaKLCC/.

The first-ever Asia Coffee Dessert Festival is hap-

pening this weekend at The School — dessert and
coffee being the two easiest ways to a Malaysian’s
heart. There will be coffee and buttercream work-
shops, exhibitions and more happening throughout
the two-day festival. It will be held at Jaya One, 72A
Jalan Universiti, Petaling Jaya, Selangor. For further
information, visit theschool.my.
2 0 S P O RT S
Manchester City suffer
second straight defeat
Tottenham, Liverpool, Everton run riot in a goal-packed set of Boxing Day fixtures
BY C H R I S T I A N RA D NED G E
LONDON: Manchester City suf-
fered their second straight defeat in
the Premier League for the first time
in two years after going down 2-1
at Leicester City in a goal-packed
set of Boxing Day fixtures.
Tottenham Hotspur routed
Bournemouth 5-0 as they leap-
frogged City into second place in
the league, six points behind lead-
ers Liverpool who thrashed New-
castle United 4-0.
Eden Hazard took his tally of
goals for Chelsea into three figures,
scoring twice in a 2-1 win at Wat-
ford as the Blues remained fourth,
11 points behind Liverpool.
Ole Gunnar Solskjaer got his
second win as Manchester United
manager with a comfortable 3-1
triumph over Huddersfield Town,
while Everton smashed five past
Burnley to bounce back from their
own humbling by Spurs.
But it was City’s disappointing
result at Leicester that was the most
intriguing result, especially since
Pep Guardiola’s team had taken the
lead after Bernardo Silva put them
Solskjaer lauds impact of ‘happy boy’ Pogba
BY I AN W H I T TEL L
MANCHESTER: Ole Gunnar Sol-
skjaer believes Manchester United
are now seeing the Paul Pogba (pic)
he knows from his time in charge
of the club’s reserve team after the
French World Cup winner scored
twice in a 3-1 win over Hudders-
field on Boxing Day.
Solskjaer’s reign as caretaker
manager began with a 5-1 win at
Cardiff on Saturday, and his dream
start continued with a resound-
ing welcome by the Old Trafford
faithful.
Schumacher in F1’s thoughts as stricken great turns 50
BY A L A N B A L D WI N
LONDON: Michael Schumacher
is in Formula One’s (F1) thoughts
as the seven-time world champi-
on approaches his 50th birthday,
five years on from the near-fatal
skiing accident that has left the
Ferrari great fighting brain in-
juries behind a wall of secrecy.
The German, still the sport’s
most successful driver in terms
of wins (91) and titles, will reach
his half-century on Jan 3.
F1’s focus will be on highlight-
Fabinho (No 3) heading the ball to score Liverpool’s fourth goal of the Premier League
match against Newcastle at the Anfield stadium in Liverpool, Britain on Wednesday.
Photo by Reuters
in front before the 15th minute.
The Foxes equalised shortly af-
ter to capitalise on the creeping
insecurity around the champions,
following on from their 3-2 defeat
by Crystal Palace at the weekend.
Leicester withstood some usu-
al City pressing and then seized
Nemanja Matic scored the
opener, but it was Pogba’s
second-half display and the
Frenchman’s two goals that
spoke volumes about the change
in mood at the club in the week
since Jose Mourinho was sacked
as manager and replaced, until the
end of the season, by the popular
Norwegian.
Solskjaer coached Pogba as a
youngster before the midfielder
left for Juventus and United had
to pay a then world record £89
million to bring him back in 2016.
“That’s the Paul I know,” said
ing the remarkable career and tal-
ents of a man whose fame stretched
well beyond the racetrack, and who
enthused a legion of fans in the 1990s
and early years of this century.
The Ferrari museum in Ma-
ranello, Italy, is planning a special
exhibition, opening on his birth-
day and lasting for a few months,
“both as a celebration and a mark
of gratitude to the most successful
Prancing Horse driver ever”.
Mercedes, the last team Schu-
macher drove for in F1 before re-
tirement in 2012, will have some of
on their own opportunity late on
with Ricardo Pereira unleashing an
stoppable shot beyond Ederson to
take the unlikely win.
City slipped to third after Spurs
took their tally to 11 goals in four
days by adding Bournemouth to
their list of festive thrashings.
Solskjaer. “The Paul
I’ve known since he was
in the reserves and youth team
with me.
“He has always been a happy
boy, he’s always had a big smile
on his face.” — AFP
his cars on display at their museum
in Stuttgart, Germany.
F1 management will also dedicate
a week to Schumacher on its social
media platforms, including exclusive
interviews with many of those who
were part of the German’s F1 story.
“We are going to celebrate Mi-
chael’s birthday,” said a spokesman.
Schumacher remains a big
part of the sport’s narrative, with
Mercedes driver Lewis Hamilton
now a five-time world champion
with 73 wins and getting ever closer
to the German’s greatest records.
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Son Heung-min scored twice
with Christian Eriksen, Lucas Mou-
ra and Harry Kane getting one goal
apiece to move up to second.
Liverpool are still six points out
in front and remain unbeaten after
goals from Dejan Lovren, Mohamed
Salah (penalty), Xherdan Shaqiri and
Fabinho condemned Newcastle to
their 10th defeat of the season.
At the other end of the table,
Fulham conceded in the final five
minutes against Wolverhampton
Wanderers to draw 1-1.
Huddersfield were left in last place
as they lost 3-1 to Solskjaer’s new-
look United, who had Paul Pogba
to thank for two of their goals and
who is finally starting to look like the
player the club paid £89 million for.
Everton’s new signings came
to the fore at Turf Moor as Lucas
Digne scored twice and Yerry Mina
scored his first goal for the club in
a 5-1 thumping of Burnley where
Richarlison also notched his ninth
goal of the season late on.
The game that was the turkey of
the day, however, was the 0-0 draw
between Crystal Palace and Cardiff
City. — Reuters
AFP
Hanging over it all, however,
will be a strong sense of sadness
— just as every anniversary since
his Dec 29, 2013 fall while skiing
off piste near Meribel in the French
Alps with his family.
Schumacher hit his head on a
rock and spent months in an ar-
tificial coma after being rushed
to hospital in a critical condition.
“We think a lot about him,”
Mercedes motorsport head Toto
Wolff told Reuters. “He was an
exceptional sportsman, and he’s
missed. — Reuters
IN BRIEF
Fired-up Federer
hoping for another
‘crazy good’ season
PERTH: Roger Federer said yes-
terday he was fired up after an
intense off season and ready
for another “crazy good” year,
starting with his Australian
Open title defence next month.
Ranked third in the world, the
Swiss great is aiming for his
third straight singles title in
Melbourne, having enjoyed a
late-career renaissance to win
the year’s opening Grand Slam
in both 2017 and 2018. “A lot of
things need to happen to win
any [Grand] Slam. I hope that
again it will be the start of a
great season for me because
the last two seasons have been
crazy good for me,” he said in
Perth yesterday. — AFP
Serena hails rule
changes to protect
mothers in tennis
ABU DHABI: Serena Williams
has described the new changes
to the “Special Ranking” rule
introduced by the WTA for
2019 as “great” and believes
the move will encourage more
players to take a break from
the tour to have children then
come back to resume their
careers. Under the new rules,
returning mothers who have
a special ranking that would
earn them a seeded position
can be drawn as an “additional
seed” at tournaments, meaning
they would not be able to face a
seed in the opening round of a
tournament. This change also
ensures that no seed will get
bumped as a result of a return-
ing mother given a protected
seeding. — AFP
Klopp plays down
six-point lead for
title-chasing Liverpool
BENGALURU: Liverpool’s
six-point lead at the top of the
Premier League table “means
nothing” at the halfway stage of
the season ahead of tough tests
against Arsenal and defending
champions Manchester City in
the next week, manager Juer-
gen Klopp said. “That means
nothing ... we play Arsenal and
City,” Klopp told Sky Sports.
“Good that we have six points
more than other teams but that
is what we wanted to do all the
time, create a basis for the rest
of the season. Now the first part
is over.” — Reuters
Guardiola: Man City
face doubts about
title challenge
BENGALURU: Doubts about
their Premier League title de-
fence would have crept into
Manchester City players’ minds
after a third defeat in four
games, according to manag-
er Pep Guardiola. “Now there
will be doubts, and what you
have to do is try to change the
dynamic to winning and put
in a good performance,” Guar-
diola told Sky Sports. “The fact
is we lost three in four, and the
last two, and if you want to be
real contenders we have to win
again.” — Reuters
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 1
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)
0.315 0.220 0.240 0.230 0186 PTRANS 0.235 0.005 1986.4 0.235 8.58 4.04 334.4
Sectorial Movement 1.049 0.700 0.750
1.653 0.920 1.330
0.750
1.300
7134
7237
PWF
PWROOT
0.750
1.330
UNCH
0.030
24.1
21.5
0.750 10.93
1.320 40.67
4.00
4.44
130.5
535.0
7.630 4.244 6.750 6.500 7084 QL 6.750 0.250 1463 6.681 52.49 0.67 10,951.5
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.600 0.360 — — 9946 REX 0.410 — — — — — 101.1
FBM KLCI 1,690.72 18.12 1.08 CONSTRUCTION 155.20 3.44 2.27 0.267 0.180 0.190 0.185 0037 RGB 0.190 0.005 861.8 0.187 8.84 3.21 292.4
FBM ACE 4,237.66 63.17 1.51 CONSUMER PRODUCTS & SERVICES 653.56 8.53 1.32
0.994 0.750 0.830 0.810 5278 RHONEMA 0.830 0.030 54 0.817 12.13 6.02 137.8
1.362 0.350 0.430 0.415 0183 SALUTE 0.415 -0.005 85.6 0.421 22.19 5.78 161.0
FBM TOP 100 11,442.76 143.64 1.27 ENERGY 816.12 9.35 1.16 0.380 0.115 0.345 0.335 9113 SANBUMI 0.340 UNCH 646 0.341 — — 77.0
FBM EMAS 11,523.64 143.34 1.26 FINANCIAL SERVICES 17,347.05 146.12 0.85 0.705 0.200 0.220 0.215 5252 SASBADI 0.215 -0.005 136 0.216 44.79 3.12 90.1
0.520 0.280 — — 5157 SAUDEE 0.320 — — — — — 42.4
FBM MID 70 13,066.56 252.04 1.97 HEALTH CARE 1,314.62 13.68 1.05 0.675 0.577 0.645 0.640 9792 SEG 0.645 UNCH 198 0.642 17.97 4.26 815.6
FBM MIDS CAP 11,645.71 120.98 1.05 INDUSTRIAL PRODUCTS & SERVICES 166.43 1.91 1.16 1.570 1.250 1.420 1.380 5250 SEM 1.400 0.020 334.7 1.396 28.93 1.93 1,726.7
FBM SMALL CAP 11,228.45 110.57 0.99 PLANTATION 6,829.03 74.37 1.10 0.707 0.480 0.530 0.510 7180 SERNKOU 0.530 0.020 29.5 0.515 14.13 — 127.2
6.336 4.581 — — 5517 SHANG 5.660 — — — 30.78 2.65 2,490.4
FBM FLEDGLING 14,080.69 72.11 0.51 PROPERTY 876.35 12.75 1.48 1.290 0.500 — — 7412 SHH 0.500 — — — — 10.00 25.0
FTSE4GOOD BURSA M’SIA 938.89 10.79 1.16 REAL ESTATE INVESTMENT TRUSTS 921.27 6.02 0.66 0.745 0.351 0.375 0.365 7246 SIGN 0.365 -0.005 198 0.367 13.67 4.11 87.7
FBM PALM OIL PLANTATION MYR 11,356.80 135.48 1.21 TECHNOLOGY 29.18 0.62 2.17 2.969 2.040 2.490 2.370 4197 SIME 2.440 0.100 4638.5 2.445 28.88 2.46 16,594.0
0.750 0.200 0.300 0.285 8532 SINOTOP 0.300 0.005 126.9 0.288 230.7 — 118.5
FBM EMAS SHARIAH 11,485.29 161.26 1.42 TELECOMMUNICATION & MEDIA 602.92 5.68 0.95 0.418 0.105 — — 9776 SMCAP 0.120 — — — 0.74 — 25.7
FBM HIJRAH SHARIAH 13,119.73 186.02 1.44 TRANSPORTATION & LOGISTICS 720.63 6.98 0.98 0.320 0.225 0.250 0.250 7943 SNC 0.250 -0.020 1 0.250 — — 16.5
FBM MIDS CAP SHARIAH 11,127.97 133.98 1.22 UTILITIES 920.75 15.11 1.67 0.370 0.295 0.320 0.295 5242 SOLID 0.295 -0.010 120.7 0.296 52.68 0.68 115.6
2.460 2.090 — — 7103 SPRITZER 2.100 — — — 15.28 2.62 441.0
2.588 1.920 2.000 1.970 9865 SUIWAH 2.000 0.080 3 1.990 9.80 0.50 122.0
1.051 0.590 — — 7186 SWSCAP 0.690 — — — — — 125.8
Bursa Malaysia Main Market 0.411 0.210 0.230
0.430 0.280
1.877 1.268 1.400
—
0.220
—
1.400
7082
7211
4405
SYF
TAFI
TCHONG
0.230
0.310
1.400
0.005

UNCH
—
82
—
7
0.229
—
—
—
1.400 21.60
5.43
—
2.14
142.4
24.8
940.8
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.430 0.720 — — 7439 TECGUAN 0.745 — — — — — 29.9
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.459 0.220 0.250 0.245 7200 TEKSENG 0.245 0.010 190.1 0.246 — 8.16 85.3
1.073 0.735 0.975 0.970 7252 TEOSENG 0.970 0.005 178 0.970 11.24 — 291.0
CONSUMER PRODUCTS & SERVICES 1.199 0.837 — — 9369 TGL 0.940 — — — 6.39 5.32 38.3
1.132 0.717 0.795 0.775 0012 3A 0.790 -0.005 31.4 0.786 11.77 2.53 388.7 0.768 0.475 0.510 0.500 7230 TOMEI 0.510 UNCH 24.2 0.503 15.00 1.96 70.7
0.450 0.205 0.240 0.230 5238 AAX 0.240 0.005 6433.9 0.236 — — 995.6 0.420 0.320 — — 7176 TPC 0.340 — — — — — 79.5
0.490 0.300 0.420 0.400 7120 ACOSTEC 0.415 0.015 956 0.412 — — 80.7 6.926 4.200 5.600 5.450 4588 UMW 5.500 0.080 793.2 5.525 12.46 0.91 6,425.6
2.606 1.426 1.520 1.500 6599 AEON 1.500 -0.010 589.6 1.513 21.19 2.67 2,106.0 2.478 2.080 — — 7757 UPA 2.170 — — — 17.17 3.69 172.7
0.295 0.115 0.130 0.125 7315 AHB 0.125 0.005 181.1 0.125 — — 22.0 1.130 0.750 0.840 0.800 7240 VERTICE 0.840 0.030 61.5 0.815 — — 157.0
8.870 4.799 7.800 7.700 7090 AHEALTH 7.700 UNCH 1.2 7.725 16.53 1.69 905.1 2.404 0.995 1.080 1.000 7203 WANGZNG 1.060 0.060 28.1 1.008 16.56 3.77 169.6
3.974 1.997 2.970 2.840 5099 AIRASIA 2.960 0.130 17243 2.936 3.54 8.11 9,892.2 2.339 1.961 2.060 2.060 5016 WARISAN 2.060 UNCH 10 2.060 20.70 1.94 138.4
24.942 17.740 19.600 18.500 2658 AJI 19.600 0.600 86.4 19.34 20.35 2.37 1,191.7 0.210 0.105 0.120 0.115 5156 XDL 0.120 UNCH 9066 0.117 15.38 — 216.6
0.370 0.140 0.275 0.220 7051 AMTEK 0.230 0.090 6 0.269 — — 11.5 0.625 0.430 0.460 0.450 7121 XIANLNG 0.460 0.010 12 0.454 109.52 — 36.8
8.344 6.000 6.200 6.000 6351 AMWAY 6.000 -0.100 23.5 6.035 21.42 3.33 986.3 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
0.035 0.005 0.020 0.020 5194 APFT 0.020 UNCH 150 0.020 — — 26.8 2.307 1.800 — — 5584 YEELEE 1.880 — — — 8.86 2.39 360.2
4.377 3.550 3.710 3.710 6432 APOLLO 3.710 0.160 0.1 3.710 25.82 5.39 296.8 1.284 0.950 0.990 0.980 5159 YOCB 0.990 0.010 12.5 0.985 5.95 4.04 158.4
0.240 0.110 0.115 0.110 1481 ASB 0.115 0.005 179.3 0.112 — 2.17 106.9 3.390 2.267 2.670 2.650 7178 YSPSAH 2.650 UNCH 5.5 2.650 12.72 2.64 366.5
0.776 0.355 0.375 0.375 7722 ASIABRN 0.375 UNCH 2 0.375 — — 87.2 2.023 1.200 1.260 1.230 5131 ZHULIAN 1.260 0.040 12 1.239 12.07 5.95 579.6
2.848 2.380 2.550 2.550 7129 ASIAFLE 2.550 UNCH 7.5 2.550 9.24 5.88 496.6 INDUSTRIAL PRODUCTS & SERVICES
4.596 3.973 4.400 4.380 7048 ATLAN 4.400 -0.050 2.4 4.398 23.07 7.05 1,116.1 0.150 0.070 0.070 0.070 7086 ABLEGRP 0.070 UNCH 44.9 0.070 — — 18.5
0.425 0.200 — — 8885 AVI 0.240 — — — — — 206.1 0.700 0.350 — — 7191 ADVENTA 0.390 — — — 31.20 — 59.6
38.680 21.708 36.360 35.580 4162 BAT 36.360 0.800 37.7 36.07 23.96 4.15 10,381.9 2.111 1.744 — — 9148 ADVPKG 1.950 — — — 29.37 4.62 40.0
2.336 1.766 2.190 2.130 5248 BAUTO 2.170 0.070 1038.5 2.168 11.35 5.00 2,523.6 0.185 0.110 0.115 0.110 7146 AEM 0.115 UNCH 65.3 0.111 — — 34.4
0.070 0.030 0.040 0.040 7243 BIOOSMO 0.040 0.005 29 0.040 — — 31.8 0.740 0.370 — — 5198 AFUJIYA 0.415 — — — 13.22 — 74.7
1.864 1.291 1.370 1.330 5196 BJFOOD 1.370 0.020 1003 1.365 152.22 2.92 523.2 0.420 0.220 0.225 0.220 2682 AISB 0.220 -0.030 60.5 0.225 26.51 — 31.8
0.380 0.180 0.210 0.205 4219 BJLAND 0.205 UNCH 398.5 0.206 — — 1,025.1 0.673 0.491 0.530 0.525 7609 AJIYA 0.530 0.005 36.6 0.527 6.47 1.89 161.4
2.533 1.954 2.140 2.100 1562 BJTOTO 2.110 0.020 894.9 2.112 11.80 7.58 2,850.7 1.080 0.420 0.455 0.440 2674 ALCOM 0.450 0.010 26.2 0.453 19.74 — 60.4
0.437 0.205 0.220 0.210 9288 BONIA 0.215 0.010 1009.1 0.216 12.36 5.81 173.4 1.414 1.006 — — 7083 ANALABS 1.100 — — — 13.87 0.45 132.1
0.505 0.160 0.185 0.170 9474 BRAHIMS 0.170 -0.015 60 0.173 — — 40.2 0.682 0.366 0.480 0.460 4758 ANCOM 0.460 -0.010 113.5 0.473 4.64 — 110.8
1.020 0.495 0.530 0.510 7174 CAB 0.515 0.015 68.8 0.516 10.89 0.97 332.8 3.658 1.150 1.260 1.220 6556 ANNJOO 1.240 0.020 189.7 1.249 3.76 15.32 694.3
1.279 0.556 1.060 1.030 7154 CAELY 1.060 0.010 16 1.045 45.89 0.94 85.9 0.105 0.035 0.045 0.040 9342 ANZO 0.045 UNCH 236.4 0.040 — — 39.6
0.415 0.220 — — 7128 CAMRES 0.230 — — — 16.67 — 45.3 0.927 0.800 0.810 0.810 5568 APB 0.810 UNCH 27.2 0.810 — 3.70 91.4
2.129 1.403 — — 5245 CARING 1.650 — — — 18.52 3.03 359.2 3.757 2.700 — — 5015 APM 2.700 — — — 15.44 5.00 544.3
20.612 14.243 19.780 19.620 2836 CARLSBG 19.760 0.160 22.9 19.68 23.27 4.29 6,041.6 0.919 0.660 0.720 0.700 7214 ARANK 0.720 0.025 99.2 0.700 6.47 4.51 87.1
2.300 1.440 1.490 1.490 2925 CCB 1.490 0.050 9 1.490 183.95 — 150.1 1.159 0.605 0.630 0.620 7162 ASTINO 0.620 -0.010 122.2 0.626 5.87 1.61 170.0
1.010 0.365 0.425 0.365 7035 CCK 0.375 -0.035 6684.5 0.385 7.27 4.00 236.5 2.000 1.340 1.650 1.620 8176 ATAIMS 1.650 0.040 91.4 1.634 19.55 — 1,892.6
1.463 0.925 0.975 0.940 7148 CCMDBIO 0.975 0.050 580.1 0.958 14.05 4.17 645.3 1.064 0.545 0.550 0.545 7099 ATTA 0.545 -0.075 2 0.548 2.10 14.68 116.3
0.540 0.300 — — 7209 CHEETAH 0.320 — — — 88.89 1.25 40.8 0.470 0.074 0.290 0.285 7181 ATURMJU 0.290 0.010 58.2 0.290 — — 19.5
2.163 1.500 — — 2828 CIHLDG 1.640 — — — 10.41 6.10 265.7 0.954 0.596 0.680 0.665 7579 AWC 0.680 0.020 258 0.675 8.10 0.74 195.5
0.145 0.060 0.060 0.060 5104 CNI 0.060 -0.005 181.3 0.060 200.00 — 43.2 0.438 0.313 0.340 0.325 5021 AYS 0.335 0.010 227.4 0.330 5.21 7.46 127.4
0.145 0.035 — — 5188 CNOUHUA 0.035 — — — — — 23.4 2.146 1.182 1.300 1.290 8133 BHIC 1.300 UNCH 6 1.298 — 2.69 323.0
2.541 1.830 1.930 1.870 7205 COCOLND 1.930 0.030 54 1.875 14.08 3.11 441.6 0.470 0.260 0.325 0.270 7005 BIG 0.270 0.010 1.6 0.273 — — 13.0
0.085 0.005 0.020 0.020 03016 CRG 0.020 UNCH 515 0.020 4.26 — 16.1 0.195 0.115 0.130 0.125 6998 BINTAI 0.130 0.005 20 0.128 10.00 — 37.6
1.610 1.070 1.090 1.090 7202 CSCENIC 1.090 0.010 0.2 1.090 17.30 6.42 131.3 0.395 0.260 0.285 0.280 3395 BJCORP 0.280 UNCH 7611.1 0.280 — — 1,378.6
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.822 0.500 — — 0168 BOILERM 0.515 — — — 12.32 3.40 265.7
0.540 0.420 — — 9423 CWG 0.480 — — — 9.64 3.13 60.6 0.100 0.040 0.045 0.040 7036 BORNOIL 0.040 -0.005 3364.8 0.041 — — 213.6
0.040 0.025 — — 7179 DBE 0.030 — — — — — 80.3 1.340 0.865 — — 6297 BOXPAK 1.000 — — — — — 120.0
1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.149 0.818 1.000 1.000 5100 BPPLAS 1.000 0.045 0.1 1.000 10.42 4.00 187.7
4.309 2.140 2.380 2.280 5908 DKSH 2.300 UNCH 243.2 2.325 7.29 4.35 362.6 0.285 0.140 — — 9938 BRIGHT 0.140 — — — — — 28.7
74.652 55.645 62.200 60.220 3026 DLADY 62.200 0.200 13.4 61.70 33.12 1.61 3,980.8 0.780 0.280 — — 7221 BSLCORP 0.360 — — — — — 35.3
2.711 1.600 1.750 1.700 1619 DRBHCOM 1.720 0.020 1895.7 1.721 — 1.74 3,325.2 2.800 1.340 1.420 1.400 2771 BSTEAD 1.420 0.050 38.4 1.420 40.00 5.28 2,878.3
0.275 0.095 0.100 0.095 2097 EASTLND 0.095 UNCH 43.5 0.099 — — 23.3 0.300 0.070 — — 7188 BTM 0.095 — — — — — 13.4
0.735 0.509 — — 5081 EIG 0.600 — — — 25.10 5.00 142.3 2.940 1.830 1.980 1.940 5105 CANONE 1.950 0.020 13.1 1.953 7.32 2.05 374.7
0.100 0.050 0.060 0.060 7182 EKA 0.060 -0.010 101.5 0.060 — — 18.7 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.265 0.150 — — 9091 EMICO 0.165 — — — — — 15.8 1.858 0.960 1.060 0.995 7076 CBIP 1.020 0.035 522.6 1.022 11.62 4.90 549.0
1.415 0.943 1.030 1.020 7149 ENGKAH 1.030 0.010 6.6 1.020 45.58 2.91 72.9 2.355 1.515 1.760 1.710 2879 CCM 1.750 0.040 332.1 1.749 29.66 4.00 293.5
0.365 0.125 0.140 0.140 7208 EURO 0.140 UNCH 30 0.140 — — 37.4 1.600 1.160 — — 8435 CEPCO 1.160 — — — — — 51.9
0.750 0.550 — — 7094 EUROSP 0.550 — — — — — 24.4 1.360 0.900 — — 8044 CFM 1.330 — — — — — 54.5
40.000 25.646 32.420 32.020 3689 F&N 32.360 0.360 249.4 32.35 30.76 1.78 11,869.0 0.495 0.335 0.350 0.335 7187 CHGP 0.350 -0.010 181 0.341 17.68 — 104.0
0.950 0.740 0.740 0.740 2755 FCW 0.740 UNCH 3 0.740 189.74 — 185.0 1.218 0.630 0.740 0.660 5273 CHINHIN 0.700 -0.040 66.5 0.690 16.67 5.00 389.5
0.570 0.430 0.465 0.465 6939 FIAMMA 0.465 UNCH 20 0.465 7.22 3.76 246.5 2.000 1.446 1.600 1.570 5007 CHINWEL 1.600 0.040 12.2 1.600 7.91 5.00 479.3
0.574 0.285 0.320 0.295 8605 FIHB 0.320 UNCH 16.5 0.312 6.91 2.44 34.9 2.183 1.410 1.480 1.470 5797 CHOOBEE 1.480 0.010 19.9 1.475 4.43 3.38 194.9
1.931 1.150 1.660 1.620 9172 FPI 1.650 0.050 490.5 1.640 10.45 4.85 408.1 0.493 0.295 0.320 0.310 7016 CHUAN 0.320 UNCH 10.1 0.310 — 3.44 54.0
0.950 0.600 — — 7184 G3 0.800 — — — — — 330.0 0.880 0.465 — — 8052 CICB 0.470 — — — 26.70 2.06 42.3
3.070 1.308 2.780 2.700 5102 GCB 2.700 -0.020 330 2.747 8.12 1.11 1,296.4 0.060 0.035 0.035 0.035 7018 CME 0.035 UNCH 19 0.035 — — 20.4
0.580 0.400 0.480 0.480 5592 GCE 0.480 UNCH 19 0.480 — 4.17 94.6 4.334 1.740 3.000 2.680 2852 CMSB 2.690 -0.140 4188.5 2.764 10.59 2.97 2,890.1
5.605 2.760 3.000 2.960 4715 GENM 2.970 0.020 7218.1 2.979 — 3.70 17,636.0 0.900 0.410 — — 7986 CNASIA 0.430 — — — 12.15 — 19.5
9.569 5.910 6.130 6.040 3182 GENTING 6.090 0.070 2622.1 6.079 25.59 2.38 23,610.3 1.450 0.800 0.810 0.805 5071 COASTAL 0.805 0.005 21.6 0.806 — 2.48 427.9
0.260 0.100 — — 5079 GETS 0.145 — — — — — 18.3 0.337 0.090 0.100 0.100 7195 COMCORP 0.100 UNCH 5 0.100 — — 14.0
0.230 0.105 — — 0136 GREENYB 0.115 — — — 41.07 2.61 38.4 1.209 0.684 0.880 0.870 2127 COMFORT 0.875 0.005 305.6 0.878 21.03 1.14 491.7
5.237 2.480 2.630 2.540 7668 HAIO 2.620 0.060 149.5 2.584 13.23 7.63 786.8 0.045 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 3616.4 0.025 — — 58.7
3.897 3.400 3.500 3.490 5008 HARISON 3.500 UNCH 21.1 3.498 11.40 5.71 239.7 1.550 0.975 1.040 1.000 5094 CSCSTEL 1.020 0.020 96 1.014 9.71 9.80 387.6
0.370 0.050 0.060 0.055 5187 HBGLOB 0.060 UNCH 32.7 0.055 2.05 — 28.1 0.667 0.470 0.480 0.480 7157 CYL 0.480 0.010 20 0.480 — 8.33 48.0
23.548 17.420 20.380 20.300 3255 HEIM 20.360 UNCH 15 20.35 22.27 4.42 6,150.7 0.410 0.295 0.350 0.350 5082 CYMAO 0.350 UNCH 4 0.350 — — 26.3
12.115 8.450 8.710 8.670 3301 HLIND 8.700 0.030 173.4 8.701 8.40 4.25 2,852.8 1.780 1.333 1.600 1.530 5184 CYPARK 1.570 0.040 161.2 1.552 8.98 2.38 719.1
0.873 0.592 0.680 0.660 5160 HOMERIZ 0.660 0.010 119.2 0.665 9.39 6.36 198.0 2.373 1.620 1.660 1.640 8125 DAIBOCI 1.650 -0.010 11.4 1.658 21.85 2.52 541.0
0.385 0.300 0.385 0.380 7213 HOVID 0.380 0.005 1010 0.380 33.33 — 313.9 0.585 0.320 0.440 0.420 5276 DANCO 0.430 0.010 491 0.429 9.77 3.49 128.1
1.154 0.940 0.945 0.945 5024 HUPSENG 0.945 UNCH 146.5 0.945 16.94 6.35 756.0 0.670 0.120 0.180 0.165 7212 DESTINI 0.180 0.015 3757.3 0.170 40.00 — 207.9
0.455 0.280 — — 8478 HWATAI 0.305 — — — — — 22.8 0.755 0.270 0.335 0.330 7114 DNONCE 0.330 UNCH 93.1 0.333 23.57 — 79.8
2.070 1.089 1.250 1.200 5107 IQGROUP 1.240 0.060 9.3 1.222 — 8.06 109.2 0.295 0.100 0.100 0.100 5835 DOLMITE 0.100 UNCH 0.5 0.100 — — 28.5
0.080 0.030 — — 7223 JADI 0.030 — — — — — 28.3 0.190 0.085 0.090 0.090 5265 DOLPHIN 0.090 UNCH 115.9 0.090 — — 22.0
1.371 0.709 0.830 0.820 7152 JAYCORP 0.825 0.005 14 0.825 10.36 6.06 113.2 1.369 1.156 1.290 1.260 7169 DOMINAN 1.280 0.010 21.1 1.266 6.61 5.47 211.5
0.523 0.335 0.340 0.340 8931 JERASIA 0.340 -0.005 10 0.340 3.62 2.94 27.9 2.713 0.598 2.130 2.020 7233 DUFU 2.030 0.030 1175.8 2.051 11.51 2.30 534.3
1.364 0.823 0.960 0.955 7167 JOHOTIN 0.955 0.005 129.8 0.957 12.34 4.19 296.5 2.816 1.818 2.650 2.630 1368 EDGENTA 2.650 0.030 67.5 2.641 16.51 4.15 2,203.8
0.400 0.280 — — 8672 KAMDAR 0.290 — — — — — 57.4 0.355 0.170 0.195 0.170 0064 EFFICEN 0.195 0.020 52 0.171 — — 138.3
1.318 0.430 0.485 0.465 5247 KAREX 0.465 -0.015 509.1 0.475 58.13 1.08 466.1 0.710 0.430 0.490 0.455 8907 EG 0.455 -0.020 413.4 0.465 7.33 — 122.8
3.044 1.810 1.920 1.920 7216 KAWAN 1.920 0.030 19.2 1.920 29.95 2.04 690.3 1.696 1.095 — — 5208 EITA 1.370 — — — 8.87 3.65 178.1
0.185 0.080 — — 8303 KFM 0.110 — — — — — 7.5 0.990 0.634 0.750 0.710 9016 EKSONS 0.710 -0.015 14.4 0.723 — 7.04 116.6
0.739 0.540 0.580 0.570 6203 KHEESAN 0.580 UNCH 110.7 0.576 15.03 2.59 60.3 0.815 0.370 — — 7217 EMETALL 0.420 — — — 10.07 5.95 79.1
2.139 1.400 1.700 1.700 7062 KHIND 1.700 UNCH 5 1.700 29.31 0.59 68.1 1.230 0.805 0.865 0.820 5056 ENGTEX 0.845 -0.020 215 0.836 11.94 1.78 374.6
1.868 1.573 1.650 1.650 0002 KOTRA 1.650 UNCH 1 1.650 11.48 3.03 237.1 0.510 0.380 — — 7773 EPMB 0.415 — — — — — 68.9
0.790 0.350 0.380 0.360 7130 KPOWER 0.380 UNCH 21 0.361 — — 28.9 0.686 0.335 0.360 0.355 5101 EVERGRN 0.360 0.010 246.5 0.358 8.20 3.83 304.7
0.145 0.070 — — 5172 KSTAR 0.090 — — — — — 34.3 1.690 1.050 1.120 1.110 2984 FACBIND 1.110 0.010 10 1.113 55.22 3.60 94.5
0.160 0.050 0.055 0.050 4847 KTB 0.055 UNCH 746.8 0.050 — — 22.2 2.685 2.200 2.300 2.230 7229 FAVCO 2.280 0.040 9.8 2.245 9.43 5.92 504.8
0.925 0.450 0.525 0.455 1643 LANDMRK 0.525 0.025 24.2 0.462 — — 277.7 0.629 0.403 — — 0149 FIBON 0.515 — — — 21.46 1.46 50.5
4.332 2.953 3.890 3.890 7006 LATITUD 3.890 UNCH 4 3.890 38.51 1.54 378.1 1.998 1.703 — — 3107 FIMACOR 1.760 — — — 8.38 7.10 431.7
1.000 0.325 0.400 0.385 9385 LAYHONG 0.385 UNCH 3491.5 0.393 20.05 1.30 254.2 0.465 0.365 0.405 0.400 9318 FITTERS 0.400 UNCH 955 0.400 19.51 — 192.2
1.090 0.341 0.890 0.835 8079 LEESK 0.880 0.045 6.4 0.858 14.22 1.70 147.7 1.700 0.914 1.530 1.490 5197 FLBHD 1.500 0.010 304.4 1.508 6.98 — 158.3
3.460 2.135 2.700 2.650 7089 LIIHEN 2.680 0.050 74.4 2.683 9.72 4.66 482.4 0.503 0.177 0.220 0.210 5277 FPGROUP 0.215 0.005 530.9 0.215 14.63 4.65 111.5
0.690 0.460 0.640 0.620 7126 LONBISC 0.630 0.015 6144.4 0.632 8.62 — 129.3 1.720 0.605 0.670 0.655 7197 GESHEN 0.670 0.030 7.7 0.656 10.74 — 53.6
1.200 0.780 0.980 0.920 7085 LTKM 0.955 0.035 10.4 0.957 15.43 2.09 124.2 1.300 0.420 0.590 0.505 5220 GLOTEC 0.560 -0.015 1292.2 0.571 — — 150.7
5.456 3.833 4.110 4.050 7087 MAGNI 4.050 0.030 32.9 4.078 6.83 3.46 659.1 0.330 0.170 0.195 0.190 7192 GOODWAY 0.190 UNCH 321.5 0.195 8.05 — 21.0
2.257 1.597 1.950 1.900 3859 MAGNUM 1.930 0.040 259.8 1.926 32.27 5.70 2,774.9 0.110 0.080 0.080 0.080 7096 GPA 0.080 -0.005 105 0.080 400.00 — 78.4
0.145 0.115 0.120 0.120 3514 MARCO 0.120 UNCH 70 0.120 9.76 4.17 126.5 0.325 0.170 0.185 0.180 5649 GPHAROS 0.185 0.005 15.8 0.181 4.79 — 25.1
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.745 0.420 0.445 0.445 3247 GUH 0.445 0.025 9.6 0.445 — — 123.7
1.070 0.800 — — 5886 MBG 0.880 — — — 72.13 3.41 53.5 1.180 0.670 0.800 0.800 5151 HALEX 0.800 0.050 4 0.800 — — 84.8
2.644 1.860 2.200 2.100 5983 MBMR 2.200 0.100 173 2.115 — 2.05 860.0 9.995 8.394 9.930 9.840 3034 HAPSENG 9.850 -0.010 1500.2 9.870 21.63 3.55 24,523.4
0.565 0.185 0.225 0.225 7234 MESB 0.225 0.010 1 0.225 — — 18.4 7.383 5.629 6.280 6.230 5168 HARTA 6.270 0.050 3018.2 6.257 43.82 1.34 20,869.5
0.230 0.185 — — 03015 MFGROUP 0.230 — — — 15.44 — 73.6 19.158 4.520 4.730 4.630 4324 HENGYUAN 4.650 0.070 212.5 4.674 5.94 0.43 1,395.0
1.822 0.452 0.550 0.510 3662 MFLOUR 0.515 -0.005 723.1 0.523 57.22 10.21 396.8 1.139 0.525 0.620 0.610 5095 HEVEA 0.620 0.015 264.1 0.615 13.33 9.68 347.6
0.860 0.600 — — 7935 MILUX 0.715 — — — — — 38.9 0.806 0.609 0.645 0.645 3298 HEXZA 0.645 -0.005 3 0.645 16.93 7.75 129.2
0.270 0.045 0.055 0.050 5166 MINDA 0.055 0.005 1150 0.051 — — 68.2 0.530 0.220 0.255 0.235 5072 HIAPTEK 0.235 -0.010 3065.4 0.242 13.91 2.13 315.9
4.300 2.460 2.480 2.460 5202 MSM 2.460 -0.120 5.1 2.466 29.25 — 1,729.3 1.360 0.705 0.845 0.810 5199 HIBISCS 0.815 0.040 66921.6 0.823 4.41 — 1,294.4
0.040 0.010 — — 5150 MSPORTS 0.015 — — — — — 9.1 1.680 1.097 1.200 1.200 7033 HIGHTEC 1.200 UNCH 1.5 1.200 6.67 2.92 48.7
0.250 0.145 0.165 0.160 3891 MUIIND 0.165 0.005 151.1 0.160 — — 483.9 0.878 0.495 0.510 0.500 8443 HIL 0.500 0.005 96.8 0.506 12.02 3.50 167.0
2.297 1.642 1.700 1.700 3905 MULPHA 1.700 0.010 24.4 1.700 1.94 — 543.4 0.620 0.335 — — 5165 HOKHENG 0.420 — — — 100.00 — 33.6
1.788 1.252 — — 5275 MYNEWS 1.450 — — — 37.37 0.69 989.1 1.910 0.445 0.860 0.830 0185 HSSEB 0.845 0.010 196.3 0.844 15.01 0.91 419.0
159.79 97.54 148.00 145.40 4707 NESTLE 148.000 2.500 30.9 146.87 51.91 — 34,706.0 0.665 0.130 0.160 0.150 2739 HUAAN 0.160 0.010 20977.1 0.154 4.43 — 179.6
3.254 2.550 2.700 2.590 7060 NHFATT 2.700 0.030 86 2.613 13.38 3.80 223.2 2.180 0.490 0.515 0.510 5000 HUMEIND 0.515 0.005 74.3 0.511 — 3.88 246.7
0.075 0.035 0.040 0.035 7139 NICE 0.035 -0.005 130.5 0.035 7.14 — 69.9 0.130 0.090 0.105 0.100 9601 HWGB 0.105 0.005 102.5 0.101 — — 34.1
0.320 0.150 0.250 0.240 7215 NIHSIN 0.250 0.010 1219.9 0.248 15.06 — 80.4 2.350 1.720 2.270 2.190 7222 IMASPRO 2.260 0.070 662.4 2.256 28.72 1.55 180.8
0.642 0.472 — — 5066 NTPM 0.500 — — — 26.18 4.80 561.6 0.905 0.430 0.500 0.500 5673 IPMUDA 0.500 0.010 10 0.500 — — 36.2
0.700 0.350 — — 5533 OCB 0.480 — — — — — 49.4 0.290 0.100 0.125 0.125 7183 IRETEX 0.125 UNCH 362 0.125 — — 18.2
0.726 0.422 — — 0049 OCNCASH 0.555 — — — 14.84 1.80 123.8 0.150 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7
1.352 0.635 0.700 0.700 7107 OFI 0.700 0.005 2 0.700 17.86 3.57 168.0 1.746 1.340 1.450 1.350 0058 JCBNEXT 1.430 0.090 32.4 1.414 21.50 3.15 197.0
0.150 0.090 0.095 0.090 3018 OLYMPIA 0.095 0.005 139.5 0.094 5.69 — 97.2 0.290 0.165 — — 9083 JETSON 0.195 — — — — — 40.9
6.318 5.742 6.200 6.130 4006 ORIENT 6.130 UNCH 29.5 6.183 7.51 3.26 3,803.0 1.080 0.950 1.040 1.040 7043 JMR 1.040 0.020 5 1.040 — — 131.9
1.398 0.460 0.525 0.510 5260 OWG 0.515 0.005 317.2 0.517 19.07 — 142.7 0.250 0.125 0.130 0.130 0054 KARYON 0.130 0.005 213.8 0.130 6.53 2.31 61.8
6.119 3.150 3.620 3.510 7052 PADINI 3.510 0.060 1421.6 3.556 14.00 2.85 2,309.3 0.598 0.441 — — 7199 KEINHIN 0.530 — — — 36.81 1.89 57.7
39.301 30.953 37.900 37.620 3719 PANAMY 37.900 0.220 3.5 37.75 18.19 3.91 2,302.3 1.667 1.364 1.520 1.520 6491 KFIMA 1.520 0.020 11 1.520 7.30 5.92 429.0
0.466 0.310 0.365 0.340 5022 PAOS 0.365 0.025 4 0.346 81.11 2.19 66.1 1.268 0.584 1.020 0.960 0151 KGB 1.010 0.065 1383.3 0.992 13.89 0.99 269.5
0.450 0.250 — — 9407 PARAGON 0.250 — — — — — 17.5 0.460 0.200 — — 6211 KIALIM 0.220 — — — — — 13.6
0.650 0.235 0.245 0.240 5657 PARKSON 0.240 UNCH 92.1 0.241 — — 262.5 2.958 2.000 2.620 2.600 3522 KIANJOO 2.620 0.020 135.6 2.612 17.63 1.53 1,163.7
0.375 0.185 0.185 0.185 6068 PCCS 0.185 UNCH 5 0.185 4.30 5.41 38.9 1.606 1.090 — — 5371 KIMHIN 1.260 — — — — 3.97 196.1
0.880 0.290 0.330 0.310 5231 PELIKAN 0.310 UNCH 93 0.321 32.29 — 171.5 0.025 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.675 0.350 — — 9997 PENSONI 0.530 — — — — 3.77 68.7 1.028 0.780 0.865 0.850 9466 KKB 0.860 0.020 41.6 0.860 14.45 2.33 221.7
0.450 0.195 0.365 0.345 7080 PERMAJU 0.345 -0.005 23132.2 0.354 — — 67.6 0.300 0.070 0.080 0.070 7164 KNM 0.075 UNCH 22255.8 0.075 — — 177.7
28.181 22.720 26.420 26.000 5681 PETDAG 26.140 -0.060 125.5 26.18 24.02 3.52 25,968.9 0.950 0.440 — — 5035 KNUSFOR 0.500 — — — — — 49.8
0.185 0.140 0.145 0.145 4081 PMCORP 0.145 UNCH 3 0.145 53.70 — 112.1 1.700 0.810 — — 6971 KOBAY 1.220 — — — 8.22 — 124.6
0.210 0.085 0.095 0.085 1287 PMHLDG 0.090 -0.005 9094.7 0.090 — — 83.6 0.245 0.125 0.125 0.125 7017 KOMARK 0.125 UNCH 55 0.125 — — 20.6
0.658 0.440 0.460 0.460 5080 POHKONG 0.460 -0.010 5 0.460 8.91 2.17 188.8 4.720 3.165 4.380 4.300 7153 KOSSAN 4.340 0.040 1449.7 4.345 29.79 1.27 5,550.6
1.729 1.093 1.510 1.490 7088 POHUAT 1.500 0.030 99.1 1.495 6.99 4.67 349.8 0.880 0.470 0.480 0.470 9121 KPSCB 0.480 0.010 50.4 0.480 5.12 — 71.0
18.900 16.860 17.280 16.980 4065 PPB 17.200 0.140 604 17.14 19.90 1.53 24,468.7 4.860 3.665 4.120 4.120 3476 KSENG 4.120 UNCH 162.5 4.120 39.65 2.43 1,489.3
0.528 0.350 — — 7190 PPG 0.350 — — — 71.43 5.71 35.0 0.724 0.285 0.320 0.285 5192 KSSC 0.320 0.020 13 0.291 7.94 6.25 30.7
1.000 0.700 0.745 0.720 7168 PRG 0.745 UNCH 27.2 0.744 — — 231.4 0.527 0.225 0.240 0.235 6874 KUB 0.240 0.005 527.1 0.240 7.10 6.25 133.6
0.881 0.495 0.580 0.550 8966 PRLEXUS 0.560 0.015 7 0.556 14.25 2.68 101.0 0.560 0.250 — — 8362 KYM 0.315 — — — — — 47.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 2 Markets FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
6.300 1.800 1.850 1.800 3794 LAFMSIA 1.820 0.010 282.5 1.820 — — 1,546.4 6.388 4.540 5.590 5.310 5225 IHH 5.450 0.060 3466.9 5.410 336.42 0.55 47,792.7
0.687 0.440 0.465 0.450 9326 LBALUM 0.460 0.010 63 0.457 18.11 2.17 114.3 4.720 3.165 4.380 4.300 7153 KOSSAN 4.340 0.040 1449.7 4.345 29.79 1.27 5,550.6
6.192 4.180 4.660 4.600 5284 LCTITAN 4.650 0.050 680.4 4.645 9.16 4.95 10,731.2 1.868 1.573 1.650 1.650 0002 KOTRA 1.650 UNCH 1 1.650 11.48 3.03 237.1
0.962 0.400 0.495 0.480 5232 LEONFB 0.495 0.020 61 0.489 2.99 3.03 153.5 1.170 0.840 1.040 1.030 5878 KPJ 1.040 0.010 2055.7 1.036 23.80 1.92 4,572.1
0.365 0.100 0.110 0.100 8745 LEWEKO 0.110 0.005 109.4 0.101 — — 35.4 4.393 2.645 2.800 2.780 7081 PHARMA 2.780 -0.020 19.4 2.789 12.07 7.19 724.2
0.245 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 4.584 1.892 3.630 3.540 7106 SUPERMX 3.580 0.050 1894.9 3.583 20.56 2.23 2,435.0
0.785 0.410 0.425 0.420 8486 LIONFIB 0.420 0.005 38.4 0.421 10.10 — 97.3 0.870 0.695 0.740 0.725 0101 TMCLIFE 0.730 UNCH 55.5 0.729 45.63 0.25 1,267.6
1.520 0.450 0.525 0.495 4235 LIONIND 0.495 -0.015 2347.9 0.513 2.06 — 355.4 6.360 5.310 5.800 5.650 7113 TOPGLOV 5.770 0.120 6284.3 5.767 33.72 1.47 14,774.6
0.570 0.250 0.270 0.270 9881 LSTEEL 0.270 UNCH 5 0.270 4.02 — 34.6 0.340 0.230 0.340 0.340 03013 TOPVISN 0.340 0.010 10 0.340 40.96 — 86.9
0.115 0.075 0.080 0.075 5068 LUSTER 0.080 0.005 185 0.079 19.05 — 158.1 3.390 2.267 2.670 2.650 7178 YSPSAH 2.650 UNCH 5.5 2.650 12.72 2.64 366.5
0.793 0.500 0.515 0.505 5143 LUXCHEM 0.515 0.010 75.4 0.509 11.37 4.85 444.7 FINANCIAL SERVICES
4.561 2.250 — — 9199 LYSAGHT 2.580 — — — 10.85 2.71 107.3 4.319 3.678 4.100 4.020 2488 ABMB 4.080 0.040 533.6 4.066 12.34 3.75 6,316.3
1.381 0.340 0.390 0.380 5098 MASTEEL 0.380 0.005 1146.3 0.384 3.92 2.37 162.4 16.300 11.741 15.300 14.920 5139 AEONCR 15.300 0.380 46.7 15.103 10.34 2.76 3,836.8
0.730 0.531 — — 7029 MASTER 0.575 — — — 6.14 3.48 31.4 2.642 2.153 2.260 2.250 5185 AFFIN 2.250 -0.010 191 2.250 8.11 2.22 4,371.6
1.373 0.905 1.010 0.995 5152 MBL 1.000 0.005 53 1.005 9.14 1.00 102.8 14.700 10.440 12.900 12.520 1163 ALLIANZ 12.800 0.400 98.1 12.771 6.17 0.94 2,261.6
0.830 0.470 — — 7004 MCEHLDG 0.485 — — — — — 21.5 4.725 3.278 4.360 4.280 1015 AMBANK 4.340 0.070 1697.9 4.331 11.17 3.46 13,081.6
0.280 0.090 0.110 0.095 3778 MELEWAR 0.100 UNCH 133.6 0.097 — — 35.9 1.620 0.900 — — 5088 APEX 0.920 — — — 22.17 — 196.5
0.715 0.450 — — 5223 MENTIGA 0.460 — — — 7.32 — 32.2 4.228 3.252 3.670 3.560 5258 BIMB 3.610 0.090 609 3.602 9.03 4.29 6,113.8
1.750 1.545 1.600 1.600 6149 METROD 1.600 UNCH 1 1.600 18.78 3.75 192.0 7.971 6.720 6.840 6.780 1818 BURSA 6.800 0.020 322 6.803 24.12 3.87 5,490.8
0.813 0.245 0.260 0.250 5001 MIECO 0.250 UNCH 778 0.253 — 4.00 131.3 7.206 5.101 5.800 5.730 1023 CIMB 5.780 0.060 3390.4 5.773 9.70 4.33 55,282.6
0.140 0.045 0.050 0.050 7219 MINETEC 0.050 UNCH 640.5 0.050 — — 45.2 0.400 0.240 — — 2143 ECM 0.250 — — — 43.86 — 120.0
0.424 0.244 0.275 0.260 5576 MINHO 0.275 0.005 53 0.267 7.79 1.75 93.6 1.330 1.150 1.240 1.230 5228 ELKDESA 1.240 0.010 31 1.236 11.30 5.65 383.1
0.956 0.667 0.710 0.700 5916 MSC 0.710 0.005 45.8 0.705 51.45 1.41 284.0 20.980 16.202 20.720 20.220 5819 HLBANK 20.720 0.520 367.4 20.519 15.66 2.32 44,915.1
0.180 0.060 0.085 0.075 0043 MTRONIC 0.080 -0.005 295.9 0.079 — — 25.7 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
2.884 1.115 1.860 1.810 3883 MUDA 1.810 0.010 1069.9 1.823 6.26 1.93 552.1 19.952 16.979 19.000 18.780 1082 HLFG 18.880 0.240 620.7 18.861 11.04 2.12 21,665.1
0.590 0.240 0.265 0.240 5087 MYCRON 0.245 UNCH 34.4 0.242 5.92 — 83.4 0.990 0.645 0.670 0.660 3379 INSAS 0.665 0.015 114.6 0.665 5.67 3.01 461.1
0.640 0.330 0.460 0.445 7241 NGGB 0.450 -0.010 988 0.453 125.00 — 206.3 0.400 0.070 0.075 0.075 3441 JOHAN 0.075 -0.005 20 0.075 — — 46.7
0.355 0.070 — — 5025 NWP 0.070 — — — — — 27.5 0.780 0.519 0.600 0.590 6483 KENANGA 0.600 UNCH 32 0.600 11.72 5.00 433.6
0.879 0.563 0.610 0.595 4944 NYLEX 0.605 UNCH 23.4 0.602 5.58 3.31 117.6 2.819 1.351 1.700 1.670 2186 KUCHAI 1.670 -0.020 42.8 1.676 4.58 0.60 206.7
1.098 0.565 0.590 0.575 7140 OKA 0.590 UNCH 87.5 0.582 7.47 6.22 144.8 17.233 15.640 15.760 15.660 8621 LPI 15.700 0.040 55.5 15.704 19.98 4.04 6,254.6
1.738 0.900 0.950 0.940 5065 ORNA 0.950 UNCH 20.2 0.947 6.16 5.26 71.5 0.773 0.400 — — 1198 MAA 0.450 — — — — 13.33 123.1
0.130 0.045 0.055 0.050 7225 PA 0.055 UNCH 2 0.053 — — 102.9 3.314 2.300 — — 1058 MANULFE 2.300 — — — 17.90 3.48 465.5
1.219 0.364 0.800 0.795 8419 PANSAR 0.800 UNCH 1629.3 0.800 30.30 1.88 246.4 10.451 8.458 9.430 9.320 1155 MAYBANK 9.400 0.050 2725.7 9.387 12.87 6.06 103,867.0
0.684 0.410 0.440 0.425 5125 PANTECH 0.435 0.015 152.7 0.433 6.96 4.60 325.3 1.254 0.890 0.935 0.920 1171 MBSB 0.925 0.010 1148.1 0.926 8.60 5.41 5,909.9
10.200 7.303 9.410 9.210 5183 PCHEM 9.360 0.170 3808.7 9.342 15.98 3.10 74,880.0 2.062 0.845 0.895 0.885 6459 MNRB 0.895 0.010 140.5 0.891 3.06 — 686.5
1.562 0.669 0.725 0.715 5271 PECCA 0.720 0.010 47.5 0.716 12.18 6.94 135.4 1.850 1.010 1.070 1.030 5237 MPHBCAP 1.070 0.020 87.8 1.044 13.10 — 765.1
5.292 3.233 4.660 4.600 5436 PERSTIM 4.660 0.070 11.5 4.608 11.70 6.44 462.8 1.105 0.990 1.000 0.995 6009 P&O 1.000 UNCH 33.7 0.997 — 5.20 286.9
2.070 0.950 1.000 0.970 5219 PESTECH 0.980 0.005 460 0.985 13.19 — 749.0 26.160 19.960 24.900 24.620 1295 PBBANK 24.880 0.120 1192.4 24.853 16.97 2.65 96,587.6
20.000 15.928 19.120 18.820 6033 PETGAS 19.000 0.220 678.9 18.995 19.00 3.63 37,595.9 1.636 1.008 1.470 1.450 9296 RCECAP 1.470 0.010 44.9 1.458 5.41 5.44 528.4
14.620 6.010 6.350 6.150 3042 PETRONM 6.190 0.040 156.7 6.188 4.78 4.04 1,671.3 5.795 4.768 5.300 5.240 1066 RHBBANK 5.300 UNCH 1283.9 5.298 9.68 3.30 21,253.2
1.500 1.000 — — 3611 PGLOBE 1.150 — — — — — 214.7 0.695 0.461 0.630 0.625 4898 TA 0.630 UNCH 484 0.630 0.66 6.51 1,078.5
0.218 0.090 0.100 0.100 7201 PICORP 0.100 UNCH 42.8 0.100 43.48 1.50 65.8 3.935 3.050 3.820 3.790 6139 TAKAFUL 3.810 0.010 26.8 3.801 12.05 3.94 3,140.3
1.941 1.186 1.470 1.440 7095 PIE 1.460 0.030 131.8 1.456 12.15 1.64 560.7 1.097 0.525 0.570 0.540 5230 TUNEPRO 0.560 0.015 1637.2 0.557 8.93 5.36 421.0
0.280 0.100 — — 7163 PJBUMI 0.150 — — — — — 12.3 PROPERTY
4.280 3.200 3.620 3.580 7172 PMBTECH 3.600 0.050 27.4 3.602 56.51 0.69 581.8 0.380 0.240 — — 7131 ACME 0.290 — — — 15.43 — 69.2
5.734 3.753 4.750 4.700 8869 PMETAL 4.740 0.070 748 4.735 29.72 1.37 18,725.9 0.757 0.490 0.520 0.510 1007 AMPROP 0.510 UNCH 11.2 0.513 2.53 7.84 310.8
0.550 0.460 0.500 0.500 6637 PNEPCB 0.500 -0.050 2 0.500 172.41 — 65.7 0.396 0.220 0.250 0.240 1007PA AMPROP-PA 0.245 -0.015 16.2 0.245 — 8.16 70.6
0.620 0.260 0.305 0.305 8117 POLY 0.305 UNCH 4 0.305 11.21 — 48.8 1.420 0.900 — — 5959 AMVERTON 0.900 — — — 9.81 — 328.6
0.770 0.390 0.510 0.500 8273 PPHB 0.505 0.015 64.3 0.504 5.32 — 95.3 0.650 0.280 — — 7007 ARK 0.365 — — — — — 17.8
1.151 0.505 0.515 0.515 9873 PRESTAR 0.515 -0.005 1 0.515 5.00 9.71 105.5 0.175 0.110 0.115 0.110 4057 ASIAPAC 0.115 -0.005 321.4 0.115 4.53 — 119.3
0.113 0.035 0.060 0.055 7123 PWORTH 0.060 0.005 10418 0.059 0.10 — 245.7 6.741 4.480 — — 2305 AYER 4.600 — — — 25.19 1.09 344.3
1.150 0.705 — — 7544 QUALITY 0.755 — — — — — 43.8 0.500 0.270 — — 6602 BCB 0.310 — — — 4.21 — 127.9
0.580 0.220 — — 7498 RALCO 0.230 — — — — — 10.6 0.630 0.285 — — 6173 BDB 0.320 — — — — — 97.2
0.520 0.210 0.280 0.255 5256 REACH 0.260 UNCH 9323.2 0.271 — — 285.1 0.430 0.180 — — 9814 BERTAM 0.245 — — — — — 50.7
0.420 0.260 — — 7232 RESINTC 0.265 — — — 23.25 — 36.4 0.539 0.245 0.295 0.290 3239 BJASSET 0.290 UNCH 932.9 0.291 — — 741.9
0.250 0.160 0.175 0.160 9954 RGTBHD 0.160 -0.005 1451.1 0.166 — — 92.3 1.540 0.963 1.290 1.150 5738 CHHB 1.290 0.140 1015.8 1.201 2.97 — 355.7
1.554 0.710 0.755 0.710 9741 ROHAS 0.755 0.005 18.1 0.742 14.69 2.65 356.9 1.432 1.190 1.210 1.210 6718 CRESNDO 1.210 0.010 1 1.210 12.56 4.96 339.4
0.733 0.445 0.460 0.445 7803 RUBEREX 0.450 UNCH 1071.1 0.448 8.08 3.89 113.5 1.619 1.108 — — 5049 CVIEW 1.360 — — — 4.85 3.68 136.0
4.424 3.590 — — 5134 SAB 3.600 — — — 14.27 1.39 493.0 2.970 1.918 2.950 2.950 5355 DAIMAN 2.950 -0.010 61 2.950 18.03 1.69 626.0
8.480 5.708 7.250 7.250 9822 SAM 7.250 UNCH 16.9 7.250 13.17 1.93 980.0 0.58 0.225 0.235 0.230 3484 DBHD 0.235 0.010 395.4 0.231 4.09 — 74.8
1.230 0.655 0.700 0.655 5147 SAMCHEM 0.655 -0.010 128 0.665 8.17 6.11 178.2 0.100 0.050 — — 7198 DPS 0.060 — — — — — 35.3
0.869 0.680 0.700 0.700 7811 SAPIND 0.700 -0.050 72.7 0.700 7.50 5.71 50.9 1.656 1.020 1.150 1.120 3417 E&O 1.130 -0.010 996.5 1.126 16.87 2.60 1,499.2
0.830 0.205 0.255 0.255 5170 SCABLE 0.255 UNCH 34 0.255 — — 80.8 0.325 0.280 0.305 0.290 3557 ECOFIRS 0.305 UNCH 133.5 0.299 5.28 — 245.0
2.577 1.000 1.180 1.100 7247 SCGM 1.150 0.030 41.4 1.123 26.87 3.48 222.6 1.460 0.890 0.930 0.905 8206 ECOWLD 0.915 0.015 155.2 0.918 16.25 — 2,694.1
0.810 0.300 0.485 0.480 9237 SCIB 0.480 0.015 704.8 0.480 — — 41.2 0.830 0.370 — — 6076 ENCORP 0.430 — — — — — 126.4
2.074 0.900 1.270 1.190 0099 SCICOM 1.200 -0.020 708.5 1.229 16.13 7.50 426.5 2.896 1.530 — — 8613 ENRA 1.620 — — — — 2.78 220.7
9.377 6.350 9.150 9.020 4731 SCIENTX 9.130 0.100 110.2 9.118 15.32 2.19 4,466.7 1.120 0.550 0.585 0.555 6815 EUPE 0.585 -0.015 19.3 0.565 4.46 — 74.9
0.350 0.155 — — 7239 SCNWOLF 0.155 — — — — — 14.9 0.885 0.303 0.560 0.535 7249 EWEIN 0.535 0.005 2954.6 0.548 4.71 0.93 161.3
0.930 0.155 0.195 0.185 7073 SEACERA 0.190 0.005 4537.7 0.189 — — 80.0 1.150 0.665 0.720 0.680 5283 EWINT 0.710 0.030 706.1 0.695 48.30 — 1,704.0
0.210 0.090 0.110 0.100 5145 SEALINK 0.105 -0.005 376.5 0.101 — — 52.5 0.445 0.340 0.380 0.355 6041 FARLIM 0.370 -0.005 39 0.363 925.00 — 62.3
0.665 0.180 0.200 0.200 5163 SEB 0.200 UNCH 15 0.200 — — 16.0 0.554 0.361 0.390 0.385 5020 GLOMAC 0.385 UNCH 343 0.386 10.21 3.90 308.0
1.340 0.600 — — 7165 SGB 0.795 — — — — — 157.9 0.414 0.250 0.255 0.250 9962 GMUTUAL 0.250 -0.040 474.8 0.252 5.98 2.00 93.9
1.156 0.750 0.800 0.795 5181 SIGGAS 0.795 0.010 20 0.798 36.47 1.01 149.1 0.360 0.170 0.185 0.175 1147 GOB 0.185 0.010 822 0.185 — — 84.1
0.870 0.450 — — 7115 SKBSHUT 0.460 — — — 9.31 — 18.4 0.255 0.085 0.155 0.150 7077 GSB 0.155 0.005 3 0.152 86.11 — 85.6
2.251 0.945 1.090 1.050 7155 SKPRES 1.050 0.020 1080.1 1.069 11.58 4.83 1,312.7 1.141 0.722 0.770 0.735 1503 GUOCO 0.750 UNCH 63.8 0.743 13.54 2.67 525.3
1.732 0.778 1.150 1.100 7248 SLP 1.140 0.030 53 1.110 16.96 3.95 361.3 1.370 1.150 1.250 1.250 7105 HCK 1.250 UNCH 3 1.250 95.42 — 526.7
0.600 0.370 — — 7132 SMISCOR 0.520 — — — — — 23.3 0.835 0.500 0.650 0.640 7010 HOOVER 0.650 0.050 295 0.650 — — 26.0
2.349 0.720 0.760 0.740 5665 SSTEEL 0.740 UNCH 178.9 0.750 2.01 4.73 320.9 0.745 0.300 0.340 0.325 5062 HUAYANG 0.340 UNCH 41.1 0.329 23.78 — 119.7
0.230 0.115 0.180 0.145 7143 STONE 0.180 UNCH 211 0.148 — — 16.2 0.534 0.360 0.375 0.370 4251 IBHD 0.370 UNCH 19.3 0.373 5.60 5.76 373.6
1.260 0.400 0.470 0.470 6904 SUBUR 0.470 0.010 5.8 0.470 — — 98.2 0.870 0.150 0.600 0.600 5084 IBRACO 0.600 0.010 25 0.600 14.53 4.58 297.8
1.236 0.530 0.540 0.540 7207 SUCCESS 0.540 0.010 845 0.540 24.43 1.85 134.2 1.860 0.550 1.090 1.060 9687 IDEAL 1.060 0.010 65.9 1.072 2.57 — 117.1
1.738 1.350 1.430 1.410 5211 SUNWAY 1.430 0.030 855.3 1.423 10.70 4.55 7,041.9 3.415 2.390 2.500 2.480 5606 IGBB 2.490 -0.010 23.2 2.497 7.81 0.80 1,716.9
2.140 0.995 1.130 1.130 7235 SUPERLN 1.130 0.030 53 1.130 14.75 1.68 180.8 1.997 1.210 1.590 1.520 5249 IOIPG 1.590 0.080 585.8 1.554 13.42 3.14 8,754.8
4.584 1.892 3.630 3.540 7106 SUPERMX 3.580 0.050 1894.9 3.583 20.56 2.23 2,435.0 0.344 0.195 0.215 0.195 5175 IVORY 0.215 0.005 378.1 0.206 — 11.63 105.4
0.395 0.190 0.210 0.190 5149 TAS 0.210 0.020 6.1 0.190 — — 37.8 1.460 0.365 0.405 0.385 1589 IWCITY 0.390 0.005 1402.7 0.394 46.43 — 326.6
11.897 4.050 4.180 4.180 4448 TASEK 4.180 0.020 0.1 4.180 — 9.57 516.7 0.500 0.250 0.310 0.285 8923 JIANKUN 0.310 -0.020 20 0.298 — — 51.7
0.250 0.065 0.230 0.225 5178 TATGIAP 0.225 -0.005 726.4 0.225 — — 38.4 0.100 0.070 — — 6769 JKGLAND 0.075 — — — 35.71 1.33 170.6
1.200 0.465 0.505 0.480 7097 TAWIN 0.500 -0.040 76 0.496 — — 39.8 0.095 0.060 0.090 0.085 3115 KBUNAI 0.085 UNCH 2563.9 0.085 12.50 — 491.0
0.970 0.805 0.945 0.920 5289 TECHBND 0.930 0.005 6634.3 0.934 — — 213.9 0.940 0.555 — — 7323 KEN 0.600 — — — 2.32 4.17 115.0
0.975 0.690 — — 8702 TEXCHEM 0.720 — — — — 13.89 89.4 1.110 0.675 0.695 0.685 5038 KSL 0.690 0.005 227.2 0.691 3.14 — 715.9
4.205 2.070 2.300 2.280 7034 TGUAN 2.280 UNCH 319.8 2.281 11.31 3.51 311.1 0.208 0.130 0.140 0.130 3174 L&G 0.135 -0.005 2353.8 0.135 15.70 11.11 401.4
1.643 1.150 — — 7374 TIENWAH 1.150 — — — — 5.22 166.5 1.211 0.630 — — 8494 LBICAP 0.720 — — — 7.34 4.17 59.2
0.650 0.541 — — 7854 TIMWELL 0.650 — — — 14.48 1.54 57.9 1.090 0.600 0.680 0.665 5789 LBS 0.670 UNCH 354.9 0.667 10.65 3.28 1,044.5
1.060 0.525 0.575 0.560 7285 TOMYPAK 0.575 UNCH 632.6 0.568 99.14 3.65 241.4 0.480 0.285 0.300 0.290 3573 LIENHOE 0.290 -0.030 130.1 0.290 14.65 — 104.9
4.190 2.476 3.550 3.510 5010 TONGHER 3.510 0.010 13.3 3.534 8.15 7.41 552.6 1.300 0.840 0.950 0.870 7617 MAGNA 0.950 UNCH 30 0.922 13.79 — 318.2
6.360 5.310 5.800 5.650 7113 TOPGLOV 5.770 0.120 6284.3 5.767 33.72 1.47 14,774.6 1.439 0.890 0.920 0.895 8583 MAHSING 0.920 0.025 452.4 0.903 10.48 7.07 2,233.5
1.115 0.503 0.700 0.625 7173 TOYOINK 0.645 -0.075 336.2 0.669 20.35 1.55 69.0 1.037 0.390 0.415 0.400 6181 MALTON 0.410 0.010 864.8 0.409 7.06 4.88 216.5
0.789 0.630 — — 5167 TURBO 0.740 — — — 17.01 1.35 79.9 2.109 1.734 1.900 1.850 5236 MATRIX 1.880 0.030 265 1.874 6.41 7.18 1,415.3
3.070 1.953 2.610 2.460 7100 UCHITEC 2.540 -0.010 295.8 2.551 16.37 5.91 1,144.6 2.310 1.540 — — 7189 MBWORLD 1.730 — — — 4.12 3.99 272.3
2.415 0.480 0.555 0.555 7133 ULICORP 0.555 UNCH 3 0.555 28.91 6.00 120.9 0.965 0.620 0.720 0.700 5182 MCT 0.700 -0.020 2.9 0.706 10.65 — 1,019.9
2.750 2.000 2.290 2.110 7137 UMS 2.110 -0.140 2.9 2.188 14.92 2.84 85.9 0.510 0.310 0.320 0.315 5040 MEDAINC 0.315 -0.015 78 0.319 — — 155.2
1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 0.545 0.340 — — 1694 MENANG 0.375 — — — 10.78 — 180.3
1.078 0.871 0.940 0.940 7091 UNIMECH 0.940 0.010 19.9 0.940 7.70 2.39 149.2 0.400 0.190 — — 8141 MJPERAK 0.220 — — — 12.02 — 56.6
0.780 0.355 — — 4995 VERSATL 0.375 — — — — — 48.4 1.796 1.110 1.140 1.110 6114 MKH 1.120 UNCH 330 1.117 9.44 3.13 656.9
2.575 0.630 0.715 0.690 6963 VS 0.705 0.020 42706.2 0.704 8.09 5.53 1,278.0 0.280 0.160 0.180 0.170 8893 MKLAND 0.175 UNCH 122.2 0.175 9.31 — 211.3
1.710 0.595 0.655 0.625 5142 WASEONG 0.645 0.025 498.9 0.643 3.54 — 499.8 0.150 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
0.825 0.240 0.780 0.730 7226 WATTA 0.775 -0.005 410.4 0.765 15.69 — 65.5 1.272 0.534 0.605 0.590 1651 MRCB 0.590 0.005 12115.5 0.597 10.67 2.97 2,593.1
2.390 1.860 — — 7111 WEIDA 2.390 — — — 10.18 — 101.0 0.640 0.390 0.490 0.490 9539 MUH 0.490 UNCH 20 0.490 — — 27.6
1.544 1.122 1.220 1.220 7231 WELLCAL 1.220 0.020 29 1.220 19.15 4.47 607.5 0.320 0.205 0.225 0.215 3913 MUIPROP 0.225 0.005 2312.8 0.220 26.47 — 171.9
0.655 0.460 — — 7692 WIDETEC 0.560 — — — 12.99 — 25.1 1.420 0.430 0.460 0.450 5073 NAIM 0.450 -0.005 1110 0.454 — — 272.4
1.214 0.700 0.830 0.765 7050 WONG 0.820 UNCH 106.1 0.791 7.39 — 75.2 2.308 1.883 — — 5827 OIB 2.100 — — — 7.64 3.33 325.2
0.680 0.500 — — 7025 WOODLAN 0.675 — — — — — 27.0 1.028 0.835 0.870 0.850 5053 OSK 0.870 0.010 431.6 0.858 4.30 6.32 1,822.9
1.959 1.390 1.530 1.490 5009 WTHORSE 1.530 UNCH 22.5 1.524 — 4.58 367.2 2.260 1.598 2.010 2.000 1724 PARAMON 2.010 0.030 56.2 2.008 9.58 4.23 860.8
0.756 0.415 0.440 0.425 4243 WTK 0.430 -0.005 267 0.429 1.90 2.33 207.0 0.629 0.300 0.345 0.335 6912 PASDEC 0.335 -0.015 48 0.342 — — 134.1
0.742 0.160 0.200 0.180 7245 WZSATU 0.180 -0.020 203 0.184 — 8.33 83.7 0.070 0.015 0.015 0.015 4464 PHB 0.015 -0.005 20 0.015 — — 26.2
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.890 1.250 — — 7055 PLB 1.470 — — — — — 165.2
0.785 0.545 0.565 0.565 5048 YILAI 0.565 UNCH 27 0.565 — — 90.4 1.595 1.305 1.420 1.400 5075 PLENITU 1.410 0.010 66.5 1.416 12.26 3.19 538.0
0.455 0.090 0.105 0.100 7020 YKGI 0.105 0.010 20.1 0.100 — — 36.8 6.150 5.400 6.060 5.970 7765 RAPID 5.990 -0.010 2182.4 5.991 369.75 — 640.3
0.445 0.205 — — 7014 YLI 0.205 — — — — — 21.1 1.120 0.600 0.650 0.650 4596 SAPRES 0.650 UNCH 52.6 0.650 8.55 — 90.7
CONSTRUCTION 0.630 0.400 0.490 0.470 5207 SBCCORP 0.490 0.005 150.2 0.481 15.26 — 126.5
0.907 0.241 0.290 0.275 5281 ADVCON 0.290 0.010 56.8 0.282 13.68 3.45 116.6 0.980 0.600 0.620 0.600 2224 SDRED 0.600 UNCH 11 0.616 2.87 4.17 255.7
0.922 0.274 0.300 0.295 7078 AZRB 0.295 UNCH 70.5 0.299 11.90 3.02 176.4 0.470 0.285 0.310 0.310 4286 SEAL 0.310 0.015 5 0.310 2.71 — 75.3
0.430 0.155 0.170 0.160 5190 BENALEC 0.165 UNCH 189.1 0.163 — 2.42 142.2 2.617 2.200 2.200 2.200 6017 SHL 2.200 -0.050 4 2.200 7.71 10.00 532.7
0.385 0.165 0.190 0.180 5932 BPURI 0.190 0.010 4798.7 0.185 13.57 — 72.6 1.711 0.905 0.995 0.960 5288 SIMEPROP 0.995 0.030 2070.6 0.980 24.27 6.03 6,766.8
1.043 0.725 0.750 0.740 8761 BREM 0.750 UNCH 144.7 0.747 9.99 2.67 259.1 0.250 0.135 0.145 0.145 4375 SMI 0.145 UNCH 27.1 0.145 — — 30.4
1.100 0.790 0.880 0.860 8591 CRESBLD 0.865 0.005 164.9 0.863 2.41 4.62 153.0 0.695 0.345 0.390 0.365 5213 SNTORIA 0.390 -0.060 42.3 0.382 7.80 — 221.2
1.840 1.535 — — 7528 DKLS 1.790 — — — 23.65 1.68 165.9 5.710 3.950 5.690 5.690 1783 SPB 5.690 UNCH 7.2 5.690 101.07 2.11 1,955.2
1.389 0.360 0.395 0.370 5253 ECONBHD 0.375 UNCH 6170.7 0.381 6.20 4.27 501.6 3.788 1.930 2.390 2.370 8664 SPSETIA 2.380 0.020 538.3 2.379 8.19 6.51 9,421.4
1.153 0.411 0.445 0.435 8877 EKOVEST 0.435 UNCH 4056.1 0.438 7.87 2.30 930.6 1.340 0.600 0.680 0.620 3743 SUNSURIA 0.620 -0.070 112 0.625 4.88 — 495.3
0.900 0.300 0.310 0.300 7047 FAJAR 0.310 0.010 107.2 0.306 6.72 4.84 115.9 0.751 0.320 0.345 0.345 1538 SYMLIFE 0.345 0.010 5 0.345 2.22 — 203.6
1.146 0.475 0.525 0.495 9261 GADANG 0.510 0.015 1129.9 0.510 3.53 5.88 337.5 0.365 0.165 0.205 0.200 4022 TADMAX 0.200 UNCH 431.9 0.204 — — 156.8
5.211 2.000 2.370 2.290 5398 GAMUDA 2.360 0.090 7837.8 2.341 12.02 5.08 5,824.6 0.373 0.240 0.255 0.240 5158 TAGB 0.255 -0.005 55.2 0.243 4.89 2.35 1,357.0
2.020 0.595 0.710 0.690 5226 GBGAQRS 0.700 0.025 710 0.701 4.67 6.07 346.2 0.050 0.025 0.030 0.025 2259 TALAMT 0.025 UNCH 42.2 0.026 — — 105.5
4.335 0.755 0.855 0.820 3204 GKENT 0.825 0.015 4765.8 0.836 3.91 4.24 464.7 1.050 0.690 0.780 0.765 5191 TAMBUN 0.770 UNCH 58.1 0.770 5.70 8.70 333.7
0.645 0.280 0.325 0.320 5169 HOHUP 0.320 -0.005 163.9 0.324 3.96 — 120.0 0.127 0.045 0.055 0.050 2429 TANCO 0.055 0.005 400 0.050 — — 36.9
1.615 1.272 1.370 1.330 6238 HSL 1.350 0.020 46 1.355 13.04 1.78 786.6 0.485 0.131 0.210 0.180 7889 THRIVEN 0.185 0.005 361.5 0.184 4.25 — 92.0
3.099 1.373 1.610 1.570 3336 IJM 1.610 0.040 2138.2 1.589 29.65 3.11 5,853.5 0.120 0.045 0.085 0.080 7079 TIGER 0.085 -0.005 14051.9 0.085 — — 83.5
0.590 0.090 0.105 0.095 5268 IKHMAS 0.095 UNCH 674 0.099 — — 51.8 0.740 0.295 0.305 0.295 5239 TITIJYA 0.300 UNCH 1076.5 0.298 5.68 0.83 403.3
0.791 0.444 0.550 0.520 8834 IREKA 0.525 0.010 62 0.525 13.09 3.81 98.0 0.930 0.805 0.895 0.860 5401 TROP 0.895 0.025 1248.9 0.877 7.06 1.79 1,316.0
1.840 0.405 0.510 0.480 4723 JAKS 0.485 0.005 18437.4 0.494 1.84 — 264.8 1.243 0.620 0.640 0.630 5148 UEMS 0.635 0.010 2024.5 0.636 9.92 1.57 2,881.3
1.907 0.990 1.170 1.080 7161 KERJAYA 1.140 0.070 790.7 1.131 11.99 1.75 1,415.8 2.549 1.840 2.100 2.020 5200 UOADEV 2.070 0.090 80.5 2.050 8.35 7.25 3,818.9
2.247 1.000 — — 5171 KIMLUN 1.100 — — — 5.69 5.00 365.1 0.320 0.105 — — 6378 WMG 0.120 — — — — — 51.1
1.680 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 1.000 0.905 — — 7003 Y&G 0.935 — — — 17.78 — 186.4
0.788 0.460 — — 5129 MELATI 0.510 — — — 25.25 1.96 61.2 1.660 1.040 1.280 1.260 3158 YNHPROP 1.280 UNCH 1504.7 1.279 21.81 0.55 677.1
2.101 0.900 — — 8192 MERCURY 0.920 — — — 24.73 4.35 37.0 1.750 0.300 0.385 0.350 7066 YONGTAI 0.380 0.030 26538.5 0.369 23.17 — 184.5
0.905 0.240 0.880 0.875 5006 MERGE 0.875 -0.005 136.4 0.880 — — 58.6 0.545 0.370 0.385 0.370 2577 YTLLAND 0.370 UNCH 15.1 0.372 — — 312.4
1.930 0.680 0.770 0.720 7595 MGB 0.730 -0.030 368 0.729 10.25 — 362.7 TRANSPORTATION & LOGISTICS
0.866 0.225 0.260 0.235 9571 MITRA 0.255 0.025 1501.4 0.244 3.70 7.84 228.5 9.926 7.260 8.510 8.190 5014 AIRPORT 8.440 0.260 761.9 8.424 20.92 1.54 14,003.6
0.310 0.115 0.120 0.120 5924 MTDACPI 0.120 -0.005 70 0.120 4.92 — 27.8 2.146 1.182 1.300 1.290 8133 BHIC 1.300 UNCH 6 1.298 — 2.69 323.0
1.040 0.265 0.295 0.290 5085 MUDAJYA 0.295 0.005 45 0.295 — — 178.6 5.984 4.500 4.500 4.500 5032 BIPORT 4.500 UNCH 0.5 4.500 19.87 3.11 2,070.0
3.282 2.452 2.840 2.730 5703 MUHIBAH 2.770 -0.040 219.6 2.809 9.28 2.53 1,339.2 0.495 0.335 0.350 0.335 7187 CHGP 0.350 -0.010 181 0.341 17.68 — 104.0
0.560 0.270 0.315 0.290 7071 OCR 0.300 -0.025 469 0.300 33.71 — 87.7 1.095 0.385 0.405 0.395 7117 CJCEN 0.400 0.005 575.6 0.400 12.46 3.75 157.7
0.835 0.730 0.740 0.740 5622 PEB 0.740 UNCH 10 0.740 2.55 — 51.2 0.800 0.535 0.690 0.685 5136 COMPLET 0.685 0.005 29 0.687 7.34 — 85.1
0.511 0.170 0.185 0.180 8311 PESONA 0.185 0.005 680.8 0.185 9.69 5.41 128.6 0.605 0.280 0.375 0.355 5259 EATECH 0.370 0.030 1333.1 0.368 1.62 — 186.5
0.950 0.190 0.205 0.200 5070 PRTASCO 0.200 UNCH 718.4 0.200 6.37 25.35 99.1 0.822 0.505 0.540 0.535 7210 FREIGHT 0.540 0.010 935.5 0.540 7.73 6.17 150.8
0.180 0.095 0.105 0.095 7145 PSIPTEK 0.100 -0.005 73.9 0.099 13.89 — 34.9 0.670 0.255 0.270 0.260 0078 GDEX 0.260 -0.005 1157.7 0.264 63.41 0.96 1,456.7
3.555 2.167 — — 9598 PTARAS 2.230 — — — 25.43 8.97 369.9 0.480 0.280 0.290 0.290 7676 GUNUNG 0.290 -0.035 100 0.290 15.10 — 68.5
0.743 0.315 0.360 0.345 6807 PUNCAK 0.350 UNCH 449.1 0.350 — 1.43 157.2 0.870 0.620 0.700 0.690 2062 HARBOUR 0.700 0.020 60.6 0.698 7.56 1.43 280.3
1.090 0.455 0.690 0.635 5205 SENDAI 0.690 0.050 1806.5 0.658 6.74 — 539.0 0.155 0.030 0.040 0.035 7013 HUBLINE 0.040 UNCH 48152.7 0.040 9.52 — 151.2
2.535 1.300 1.370 1.340 5263 SUNCON 1.370 0.040 1142.9 1.351 12.65 5.47 1,771.3 0.790 0.460 0.500 0.500 5614 ILB 0.500 UNCH 300 0.500 — — 97.5
0.295 0.210 0.225 0.220 9717 SYCAL 0.225 0.005 177.8 0.223 52.33 — 93.7 5.781 3.557 4.130 4.110 6645 LITRAK 4.110 -0.010 31.1 4.117 9.47 4.87 2,170.0
0.748 0.405 0.545 0.520 5054 TRC 0.540 0.020 1153.1 0.539 12.68 5.19 259.5 0.235 0.055 0.060 0.060 5078 M&G 0.060 UNCH 11 0.060 — 83.33 43.4
0.580 0.295 0.370 0.350 5042 TSRCAP 0.350 -0.005 30 0.358 31.25 — 61.1 0.732 0.410 0.590 0.570 5077 MAYBULK 0.570 -0.005 614.1 0.578 — — 570.0
1.400 0.770 0.870 0.825 7070 VIZIONE 0.870 0.040 599.8 0.839 9.95 — 486.2 7.539 4.917 6.390 6.280 3816 MISC 6.330 0.060 1147.8 6.326 27.13 4.74 28,255.8
1.350 0.470 0.515 0.495 3565 WCEHB 0.495 -0.005 88.2 0.502 57.56 — 496.4 2.235 0.825 0.880 0.865 2194 MMCCORP 0.875 0.010 96.7 0.877 14.14 4.57 2,664.4
1.767 0.660 0.680 0.670 9679 WCT 0.670 UNCH 1901.2 0.675 5.63 4.48 949.0 0.620 0.200 0.200 0.200 9806 NATWIDE 0.200 UNCH 0.9 0.200 — — 24.6
0.775 0.150 0.165 0.155 7028 ZECON 0.155 -0.005 35.7 0.164 8.56 — 20.3 0.165 0.025 0.030 0.025 6254 PDZ 0.025 -0.005 270.5 0.030 — — 17.0
0.145 0.025 0.030 0.025 2283 ZELAN 0.025 -0.005 124 0.028 — — 21.1 5.339 1.550 1.760 1.700 4634 POS 1.700 -0.020 2489 1.728 49.42 4.71 1,330.7
HEALTH CARE 1.400 0.300 — — 8346 PRKCORP 0.380 — — — — — 38.0
0.700 0.350 — — 7191 ADVENTA 0.390 — — — 31.20 — 59.6 0.210 0.090 0.110 0.100 5145 SEALINK 0.105 -0.005 376.5 0.101 — — 52.5
8.870 4.799 7.800 7.700 7090 AHEALTH 7.700 UNCH 1.2 7.725 16.53 1.69 905.1 1.563 0.980 — — 7053 SEEHUP 0.980 — — — — 3.21 78.8
1.463 0.925 0.975 0.940 7148 CCMDBIO 0.975 0.050 580.1 0.958 14.05 4.17 645.3 1.825 1.450 1.670 1.610 6521 SURIA 1.630 -0.020 49.5 1.631 7.49 2.15 469.7
7.383 5.629 6.280 6.230 5168 HARTA 6.270 0.050 3018.2 6.257 43.82 1.34 20,869.5 0.405 0.210 0.255 0.250 5173 SYSCORP 0.255 0.005 23 0.251 15.27 — 306.0
0.385 0.300 0.385 0.380 7213 HOVID 0.380 0.005 1010 0.380 33.33 — 313.9 0.395 0.190 0.210 0.190 5149 TAS 0.210 0.020 6.1 0.190 — — 37.8

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY DECEMB E R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 3
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)
2.237 0.990 — — 5140 TASCO 1.000 — — — 9.51 4.50 200.0 0.300 0.060 0.075 0.065 5255 ICON 0.070 0.005 1311.3 0.070 — — 82.4
1.400 0.750 0.770 0.760 8397 TNLOGIS 0.760 UNCH 33.4 0.760 12.88 2.63 350.2 0.300 0.070 0.080 0.070 7164 KNM 0.075 UNCH 22255.8 0.075 — — 177.7
1.150 0.350 0.930 0.855 7218 TOCEAN 0.930 0.035 59.1 0.889 — — 38.1 0.946 0.495 0.580 0.540 5186 MHB 0.550 -0.005 1211.5 0.554 — 5.45 880.0
3.950 3.003 3.650 3.490 5246 WPRTS 3.650 0.170 1346 3.552 20.79 3.66 12,446.5 0.970 0.315 0.360 0.360 5133 PENERGY 0.360 0.015 5 0.360 — 5.56 115.8
1.270 0.620 0.750 0.685 5267 XINHWA 0.730 0.030 1562.5 0.708 21.16 1.37 157.7 0.565 0.175 0.210 0.200 7108 PERDANA 0.200 0.005 3343.7 0.205 — — 155.7
PLANTATION 0.090 0.015 0.020 0.015 0047 PERISAI 0.020 0.005 602.2 0.020 — — 25.2
0.220 0.145 — — 7054 AASIA 0.145 — — — — — 95.7 14.620 6.010 6.350 6.150 3042 PETRONM 6.190 0.040 156.7 6.188 4.78 4.04 1,671.3
19.315 16.200 16.400 16.300 1899 BKAWAN 16.400 UNCH 3.5 16.31 14.15 3.35 7,149.6 0.520 0.210 0.280 0.255 5256 REACH 0.260 UNCH 9323.2 0.271 — — 285.1
8.319 6.700 — — 5069 BLDPLNT 7.540 — — — 138.6 0.40 705.0 1.050 0.275 0.300 0.290 5218 SAPNRG 0.295 0.005 47145.8 0.296 — — 4,713.8
1.295 0.655 0.705 0.680 5254 BPLANT 0.700 0.020 228 0.697 — 14.09 1,568.0 0.345 0.040 0.055 0.050 7158 SCOMI 0.050 UNCH 511 0.050 — — 54.7
0.866 0.530 0.580 0.560 8982 CEPAT 0.565 0.015 57 0.565 13.17 3.54 179.9 0.185 0.030 0.040 0.035 7045 SCOMIES 0.040 UNCH 396 0.038 — — 93.7
7.947 6.435 — — 1929 CHINTEK 6.600 — — — 8.36 3.03 603.0 4.256 2.815 3.800 3.660 5279 SERBADK 3.770 0.100 3880.7 3.775 15.04 1.94 5,536.2
0.595 0.435 0.455 0.445 3948 DUTALND 0.455 0.005 103 0.451 — — 385.0 0.130 0.005 0.015 0.010 1201 SUMATEC 0.015 0.005 2573.9 0.011 — — 63.8
3.472 1.980 2.800 2.800 5029 FAREAST 2.800 UNCH 3 2.800 1.43 1.63 1,662.7 0.665 0.300 0.340 0.315 7228 T7GLOBAL 0.320 0.005 353.1 0.330 29.91 — 134.2
2.180 0.630 0.735 0.705 5222 FGV 0.705 -0.010 13705.3 0.717 — 7.45 2,571.9 0.135 0.025 0.030 0.030 7206 THHEAVY 0.030 UNCH 308.5 0.030 — — 33.6
10.455 9.002 9.860 9.650 2291 GENP 9.860 0.110 51.7 9.824 29.52 1.45 7,943.7 1.670 0.550 0.585 0.565 7250 UZMA 0.580 0.025 1088.5 0.576 12.18 — 185.6
0.600 0.335 0.335 0.335 7382 GLBHD 0.335 -0.015 1 0.335 — 2.99 74.7 0.480 0.165 0.185 0.175 5243 VELESTO 0.175 UNCH 16119.6 0.178 — — 1,437.7
1.100 0.550 0.700 0.660 2135 GOPENG 0.700 0.050 26.4 0.686 33.98 3.81 188.3
0.650 0.400 — — 7501 HARNLEN 0.400 — — — — — 74.2
2.545 1.610 1.700 1.630 5138 HSPLANT 1.640 0.010 27 1.644 19.00 4.57 1,312.0
2.756 1.380 1.400
0.920 0.610 0.660
1.168 0.610 0.620
1.380
0.645
0.610
2216
2607
6262
IJMPLNT
INCKEN
INNO
1.380
0.660
0.620
-0.020
UNCH
-0.005
94.6
372
14
1.397
0.655
0.615
—
—
14.52
3.62
1.65
8.06
1,215.2
277.7
296.9
Ace Market
4.757 4.100 4.430 4.370 1961 IOICORP 4.400 0.010 1874.7 4.405 26.80 2.05 27,651.6
1.138 0.430 0.465 0.460 4383 JTIASA 0.465 0.010 533 0.465 — 1.08 452.8 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
25.809 23.106 24.300 24.100 2445 KLK 24.140 -0.060 163.5 24.14 34.14 1.86 25,769.6 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
4.987 3.371 — — 2453 KLUANG 3.620 — — — 35.32 0.28 228.7
1.453 1.130 1.160 1.140 5027 KMLOONG 1.160 0.020 5 1.158 13.70 5.17 1,085.1
0.880 0.365 0.405 0.400 1996 KRETAM 0.405 -0.005 85 0.405 — 2.47 942.7 CONSUMER PRODUCTS & SERVICES
1.550 0.800 0.850 0.800 6572 KWANTAS 0.850 0.050 10.1 0.840 — — 264.9 0.725 0.325 0.395 0.385 0098 BAHVEST 0.390 0.005 349.5 0.389 25.00 — 476.4
1.104 0.810 — — 4936 MALPAC 0.810 — — — — 12.35 60.8 0.275 0.190 0.205 0.200 0179 BIOHLDG 0.205 0.005 417 0.204 12.89 0.54 176.3
0.867 0.560 — — 5026 MHC 0.560 — — — 10.43 3.57 110.1 0.310 0.120 — — 0116 FOCUS 0.140 — — — — — 285.9
2.000 1.780 1.820 1.800 5047 NPC 1.800 0.020 5.2 1.808 — 0.56 216.0 0.259 0.144 — — 0157 FOCUSP 0.190 — — — 8.80 5.26 31.4
3.986 3.110 — — 2038 NSOP 3.150 — — — 9.59 1.90 221.1 0.170 0.090 — — 0074 GOCEAN 0.090 — — — — — 26.1
0.690 0.140 0.340 0.320 1902 PINEPAC 0.330 0.010 256.5 0.328 — — 49.4 0.225 0.040 — — 0170 KANGER 0.045 — — — 8.04 — 40.1
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.230 0.125 0.135 0.135 0180 KTC 0.135 Unch 190.1 0.135 — — 68.9
0.420 0.140 0.150 0.150 5113 RSAWIT 0.150 UNCH 74.9 0.150 — — 212.8 0.230 0.105 0.115 0.105 0182 LKL 0.105 -0.005 223 0.108 — 3.33 45.0
3.980 3.000 3.100 3.100 2542 RVIEW 3.100 0.100 0.9 3.100 33.81 1.94 201.0 0.780 0.280 0.385 0.370 0201 NOVA 0.370 0.010 528.5 0.380 13.91 4.86 117.6
3.817 2.740 — — 2569 SBAGAN 3.010 — — — 26.59 0.66 199.7 0.225 0.110 — — 0153 OVERSEA 0.110 — — — — — 27.1
0.630 0.335 — — 4316 SHCHAN 0.335 — — — — — 44.2 0.310 0.075 0.085 0.075 0022 PARLO 0.085 -0.005 174.3 0.079 0.53 — 30.9
5.789 3.950 4.800 4.640 5285 SIMEPLT 4.780 0.170 769.1 4.726 39.50 — 32,508.0 0.350 0.235 0.275 0.260 0171 PLABS 0.270 -0.010 123 0.270 14.67 2.22 58.0
4.053 1.960 2.040 2.010 5126 SOP 2.010 0.050 18.3 2.018 11.12 2.99 1,147.5 0.535 0.433 0.480 0.475 0158 SCC 0.480 0.005 22.8 0.478 9.32 7.08 67.8
1.833 1.455 — — 5135 SWKPLNT 1.700 — — — — 2.94 476.0 0.315 0.135 — — 0140 STERPRO 0.170 — — — — — 54.6
3.517 1.882 2.610 2.520 5012 TAANN 2.610 0.090 776.7 2.573 15.80 3.83 1,161.0 0.330 0.130 0.185 0.175 0148 SUNZEN 0.175 -0.010 280 0.180 79.55 1.71 91.9
0.514 0.145 0.165 0.160 2054 TDM 0.160 UNCH 612.8 0.160 — 3.13 269.2 0.405 0.196 0.325 0.320 0197 WEGMANS 0.325 0.005 572 0.323 16.50 1.54 162.5
1.117 0.455 0.465 0.465 5112 THPLANT 0.465 UNCH 10 0.465 — 7.74 411.0 0.085 0.030 0.040 0.035 0095 XINGHE 0.040 Unch 411 0.035 — — 102.9
1.653 0.960 0.970 0.960 9059 TSH 0.965 UNCH 56.9 0.961 25.26 2.07 1,333.4 INDUSTRIAL PRODUCTS & SERVICES
6.530 5.120 5.190 5.190 2593 UMCCA 5.190 0.010 3 5.190 48.19 1.54 1,088.2 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
28.062 25.000 25.200 25.100 2089 UTDPLT 25.100 0.100 3.5 25.17 13.48 1.59 5,224.2 0.161 0.060 0.070 0.060 0105 ASIAPLY 0.070 0.005 264.4 0.061 233.33 7.14 31.2
TELECOMMUNICATIONS & MEDIA 0.120 0.045 0.050 0.050 0072 AT 0.050 0.005 1030 0.050 — — 23.2
0.165 0.075 0.150 0.150 0159 AMEDIA 0.150 UNCH 106.1 0.150 — — 35.9 0.250 0.140 0.180 0.170 0187 BCMALL 0.175 0.005 1980.2 0.179 10.67 — 73.7
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.340 0.185 0.195 0.190 0163 CAREPLS 0.190 -0.005 288 0.190 — — 101.0
2.581 1.026 1.350 1.310 6399 ASTRO 1.330 0.020 3100.7 1.332 13.18 8.65 6,935.0 0.260 0.120 — — 0102 CONNECT 0.120 — — — — — 39.5
5.702 3.200 4.050 3.980 6888 AXIATA 4.000 0.020 6295.4 3.997 — 2.13 36,284.0 0.346 0.170 0.215 0.210 0190 ESAFE 0.210 Unch 42.6 0.214 41.18 8.57 50.5
0.375 0.120 0.240 0.175 6025 BJMEDIA 0.240 0.080 1.1 0.181 — — 56.4 0.294 0.105 0.165 0.150 0100 ESCERAM 0.155 Unch 286.5 0.155 1550.00 3.87 31.9
4.880 3.844 4.490 4.380 6947 DIGI 4.490 0.120 1589.1 4.461 22.92 4.32 34,909.8 0.682 0.365 0.450 0.440 0039 GFM 0.445 0.010 201 0.443 20.14 2.07 209.6
0.440 0.180 0.210 0.190 0059 ECOHLDS 0.190 UNCH 12.2 0.190 — — 30.9
0.590 0.280 0.315 0.300 0082 GPACKET 0.315 0.005 181.9 0.306 — — 283.9 0.300 0.125 0.135 0.125 0175 HHGROUP 0.135 -0.005 12.5 0.125 — — 45.8
5.929 5.102 5.370 5.240 6012 MAXIS 5.350 0.110 1023.5 5.313 20.15 3.74 41,819.1 0.125 0.080 0.085 0.080 0160 HHHCORP 0.080 Unch 318 0.082 15.09 — 26.7
0.810 0.250 0.370 0.355 4502 MEDIA 0.360 -0.005 867.3 0.361 — — 399.3 0.350 0.145 0.170 0.150 0188 HLT 0.170 0.025 22 0.152 — — 87.0
0.465 0.181 0.195 0.190 5090 MEDIAC 0.190 -0.005 131.7 0.191 0.84 7.95 320.6 0.110 0.035 0.050 0.045 0024 JAG 0.045 Unch 11088.1 0.045 25.00 4.22 68.2
0.934 0.400 0.445 0.420 0172 OCK 0.420 -0.010 7058.3 0.431 15.16 2.38 366.0 0.313 0.185 0.205 0.195 0193 KAB 0.200 0.005 289 0.199 7.30 5.00 64.0
0.528 0.350 — — 7190 PPG 0.350 — — — 71.43 5.71 35.0 0.240 0.115 0.135 0.120 0167 MCLEAN 0.135 0.015 5 0.123 — — 24.1
0.705 0.200 0.220 0.215 5252 SASBADI 0.215 -0.005 136 0.216 44.79 3.12 90.1 0.260 0.135 0.180 0.180 0081 MEGASUN 0.180 Unch 80 0.180 20.45 — 39.7
0.860 0.530 — — 9431 SJC 0.860 — — — 73.50 — 34.9 0.165 0.050 0.055 0.055 0177 PASUKGB 0.055 Unch 10 0.055 — — 44.6
1.618 0.620 0.685 0.670 6084 STAR 0.685 0.015 101.2 0.673 — 17.52 505.9 0.350 0.130 0.130 0.130 0038 PTB 0.130 -0.020 1.4 0.130 — — 24.2
8.981 7.060 8.110 7.900 5031 TIMECOM 8.100 0.200 227.3 8.033 17.72 0.65 4,728.0 0.380 0.165 0.220 0.210 0196 QES 0.215 0.010 10059.4 0.214 11.03 — 163.0
6.157 2.110 2.710 2.660 4863 TM 2.680 0.030 1847.2 2.675 28.00 8.02 10,071.3 0.180 0.055 0.065 0.055 0133 SANICHI 0.060 Unch 35680.3 0.060 — — 66.5
0.695 0.085 0.150 0.115 5754 UTUSAN 0.115 0.025 61.1 0.117 — — 12.7 0.235 0.090 0.105 0.100 0161 SCH 0.100 Unch 305 0.101 — — 55.6
TECHNOLOGY 0.745 0.280 0.540 0.525 0001 SCOMNET 0.530 0.005 586.9 0.533 26.90 — 340.8
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.212 0.115 0.130 0.120 0028 SCOPE 0.130 -0.005 20.1 0.120 — 3.85 72.9
0.295 0.120 0.125 0.120 5195 CENSOF 0.125 UNCH 36 0.120 — — 62.7 0.205 0.080 — — 0055 SERSOL 0.090 — — — — — 19.4
0.665 0.130 0.180 0.170 0051 CUSCAPI 0.170 UNCH 2102 0.174 — — 146.1 0.634 0.254 0.320 0.310 0084 TECFAST 0.315 0.010 106 0.315 18.21 3.17 71.9
0.993 0.542 0.740 0.710 7204 D&O 0.730 0.035 1618.4 0.728 24.50 1.14 804.8 0.813 0.520 0.560 0.560 0089 TEXCYCL 0.560 0.010 23.8 0.560 14.04 1.79 143.5
0.365 0.175 0.200 0.195 8338 DATAPRP 0.195 -0.010 34.5 0.198 — — 82.2 0.460 0.220 0.245 0.240 0162 WIDAD 0.240 Unch 689 0.241 — — 589.1
0.145 0.040 — — 0029 DIGISTA 0.050 — — — — — 32.9 0.215 0.125 — — 0025 YBS 0.145 — — — 18.13 — 35.1
0.570 0.195 0.235 0.225 4456 DNEX 0.225 UNCH 10866.8 0.230 7.92 2.22 395.6 TECHNOLOGY
1.231 0.285 0.480 0.450 5216 DSONIC 0.450 -0.020 8141 0.470 12.64 7.78 607.5 0.565 0.190 0.210 0.200 0181 AEMULUS 0.210 0.010 642.4 0.206 21.88 0.95 115.3
0.930 0.335 0.450 0.430 5036 EDARAN 0.430 0.005 1922.6 0.441 3.49 — 25.8 0.430 0.090 0.095 0.095 0119 APPASIA 0.095 0.005 5 0.095 79.17 — 32.8
1.596 0.324 0.490 0.465 0065 EFORCE 0.465 0.005 1409.7 0.476 28.18 3.23 192.7 0.535 0.130 0.190 0.180 0068 ASDION 0.180 Unch 658 0.185 — — 20.9
1.476 0.895 1.050 1.020 0090 ELSOFT 1.030 0.010 1033.4 1.035 16.14 3.23 685.8 0.636 0.351 0.385 0.375 0195 BINACOM 0.380 Unch 575.5 0.381 9.38 2.63 98.8
0.983 0.341 0.745 0.710 0128 FRONTKN 0.720 0.005 5481.3 0.730 17.39 0.97 758.5 0.484 0.220 — — 0191 CABNET 0.220 — — — 9.82 4.32 39.3
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.233 0.098 0.135 0.110 0152 DGB 0.135 Unch 2711.3 0.122 — — 102.1
1.860 1.030 1.630 1.570 0021 GHLSYS 1.630 0.030 32.3 1.601 50.94 — 1,202.9 0.320 0.085 0.090 0.085 0131 DGSB 0.085 Unch 457.6 0.086 — — 63.4
0.590 0.280 0.315 0.300 0082 GPACKET 0.315 0.005 181.9 0.306 — — 283.9 0.044 0.015 0.020 0.015 0154 EAH 0.020 0.005 301 0.018 — — 101.4
0.252 0.180 0.195 0.190 0056 GRANFLO 0.195 UNCH 200 0.192 10.05 3.08 94.2 0.180 0.020 0.030 0.030 0107 EDUSPEC 0.030 Unch 10 0.030 — — 30.1
2.896 1.454 1.770 1.730 7022 GTRONIC 1.740 0.040 905.5 1.743 15.85 1.15 1,164.1 2.040 1.090 1.600 1.570 0104 GENETEC 1.570 0.010 44.4 1.591 7.71 1.59 65.4
0.800 0.340 0.425 0.425 5028 HTPADU 0.425 -0.005 20.4 0.425 — — 43.0 0.100 0.045 0.065 0.065 0045 GNB 0.065 -0.005 40 0.065 — — 18.8
2.506 1.420 1.520 1.470 0166 INARI 1.480 0.050 13107.7 1.491 17.23 4.37 4,686.7 0.150 0.020 — — 0174 IDMENSN 0.035 — — — — — 9.5
0.420 0.250 0.280 0.275 0192 INTA 0.280 0.010 100.9 0.278 1.76 — 149.9
0.235 0.080 0.085 0.085 9393 ITRONIC 0.085 UNCH 40 0.085 — — 8.7 0.403 0.185 0.200 0.195 0023 IFCAMSC 0.195 0.005 1088.1 0.195 17.57 2.56 118.6
0.484 0.155 0.170 0.160 5161 JCY 0.160 UNCH 763.3 0.161 — 18.75 332.3 0.145 0.055 0.080 0.070 0094 INIX 0.070 -0.010 126 0.077 — — 18.1
22.454 7.540 7.900 7.600 9334 KESM 7.600 0.020 46.2 7.733 10.69 2.43 326.9 0.245 0.115 0.140 0.135 0010 IRIS 0.135 -0.005 3115.3 0.139 — — 400.4
0.270 0.095 0.110 0.100 0143 KEYASIC 0.105 0.005 5087.3 0.105 19.44 — 99.8 1.450 0.590 0.680 0.680 0146 JFTECH 0.680 0.020 104.5 0.680 95.77 1.76 142.8
3.341 1.358 2.150 2.090 5286 MI 2.120 0.050 728.2 2.121 16.18 — 1,060.0 1.686 0.696 0.890 0.855 0127 JHM 0.860 0.015 1336.4 0.871 14.50 1.97 479.5
1.457 0.665 0.680 0.670 0113 MMSV 0.675 0.005 130.5 0.677 12.18 2.37 137.5 0.292 0.108 0.200 0.190 0111 K1 0.195 0.005 2862.7 0.194 195.00 — 142.1
13.087 7.363 10.060 9.940 3867 MPI 10.060 0.180 138.3 10.01 12.87 2.88 2,111.4 0.170 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 261.2 0.045 — — 23.4
1.385 0.950 — — 5011 MSNIAGA 1.130 — — — 5.53 4.42 68.3 0.985 0.430 0.585 0.570 0176 KRONO 0.570 0.005 1503.2 0.579 12.58 — 227.3
3.030 0.655 0.990 0.955 0138 MYEG 0.965 0.035 51029.4 0.974 45.95 1.76 3,480.1 0.270 0.120 0.125 0.120 0018 LAMBO 0.120 -0.005 341.5 0.121 12.63 — 250.8
0.783 0.507 0.590 0.580 0083 NOTION 0.585 0.010 1231.3 0.585 4.36 1.71 194.9 0.180 0.045 0.050 0.045 0017 M3TECH 0.050 Unch 1733.6 0.050 — — 29.3
0.550 0.335 0.420 0.395 9008 OMESTI 0.415 0.005 110.1 0.406 — — 197.9 0.690 0.310 0.385 0.360 0075 MEXTER 0.360 -0.015 234.5 0.366 — — 117.0
0.315 0.195 0.205 0.200 0041 PANPAGE 0.200 -0.005 129 0.201 — — 53.1 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
3.870 1.700 2.740 2.630 7160 PENTA 2.680 0.060 1335.7 2.680 17.44 — 848.4 0.780 0.335 0.545 0.520 0126 MICROLN 0.540 0.010 49 0.531 — — 90.4
1.910 0.255 0.460 0.415 5204 PRESBHD 0.425 0.020 50643.5 0.437 42.08 4.00 205.7 0.474 0.190 0.205 0.205 0112 MIKROMB 0.205 Unch 24.8 0.205 19.52 4.88 88.3
0.545 0.240 0.265 0.245 9075 THETA 0.265 0.020 4.8 0.250 — — 28.4 0.100 0.035 0.045 0.040 0085 MLAB 0.040 Unch 36.3 0.040 — — 26.8
0.060 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 182.1 0.015 — — 32.0 0.310 0.160 — — 0034 MMAG 0.210 — — — — — 133.3
0.210 0.105 0.105 0.105 4359 TURIYA 0.105 -0.005 46 0.105 — — 24.0 0.110 0.040 0.045 0.045 0103 MNC 0.045 Unch 177 0.045 — — 21.5
3.520 1.574 3.290 3.280 5005 UNISEM 3.280 UNCH 239.2 3.280 22.99 2.59 2,407.0 0.250 0.100 0.105 0.105 0156 MPAY 0.105 Unch 581.5 0.105 — — 74.6
8.492 5.046 6.330 6.140 0097 VITROX 6.300 0.200 454 6.279 30.63 0.75 2,964.5 0.075 0.025 0.035 0.030 0070 MQTECH 0.035 0.005 1951.9 0.031 — — 17.4
1.253 0.907 0.955 0.930 5162 VSTECS 0.955 0.025 47.7 0.945 6.15 5.24 171.9 0.180 0.070 0.080 0.075 0092 MTOUCHE 0.080 0.005 32 0.075 — — 40.7
0.648 0.415 0.465 0.450 0008 WILLOW 0.455 0.015 95.4 0.460 18.13 2.20 225.7 1.356 0.663 0.975 0.930 0108 N2N 0.970 0.075 831.7 0.952 30.60 4.12 579.9
UTILITIES 0.050 0.010 0.020 0.015 0020 NETX 0.020 Unch 1632.1 0.015 — — 56.0
0.444 0.090 0.100 0.090 7471 EDEN 0.095 UNCH 1202.8 0.095 — — 35.9 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 0.005 2642.2 0.016 — — 41.4
2.960 2.543 2.770 2.680 5209 GASMSIA 2.770 0.080 426.5 2.698 17.24 4.87 3,556.7 0.205 0.080 0.110 0.100 0026 NOVAMSC 0.100 Unch 4632.3 0.104 43.48 — 75.2
2.060 1.051 1.260 1.240 5843 KPS 1.250 UNCH 230.2 1.248 — 3.40 671.7 1.152 0.320 0.625 0.610 0035 OPCOM 0.610 0.005 1115.6 0.616 11.28 5.33 98.4
1.012 0.745 0.805 0.780 5264 MALAKOF 0.800 0.030 2328.2 0.795 1.63 7.25 4,000.0 0.375 0.256 0.295 0.285 0040 OPENSYS 0.285 -0.005 310.8 0.286 8.72 4.39 84.9
3.806 2.990 3.100 3.070 3069 MFCB 3.100 0.020 34.1 3.073 9.79 1.29 1,293.7 0.170 0.040 0.115 0.110 0079 ORION 0.110 Unch 5463.4 0.110 — — 65.9
1.275 1.020 1.070 1.070 5041 PBA 1.070 0.020 0.1 1.070 10.09 3.74 354.5 0.730 0.240 — — 0006 PINEAPP 0.240 — — — 218.1 — 11.6
20.000 15.928 19.120 18.820 6033 PETGAS 19.000 0.220 678.9 18.99 19.00 3.63 37,595.9 0.165 0.045 0.055 0.055 0123 PRIVA 0.055 Unch 1 0.055 — — 30.7
1.309 0.608 1.190 1.150 5272 RANHILL 1.190 0.050 763.3 1.174 15.76 6.72 1,057.1 1.570 0.495 1.420 1.370 0200 REVENUE 1.370 0.010 4352.4 1.394 39.94 — 305.3
0.389 0.220 0.230 0.225 8567 SALCON 0.225 UNCH 557.6 0.225 — 3.56 190.6 0.781 0.525 0.530 0.530 0106 REXIT 0.530 Unch 10.6 0.530 12.16 5.66 100.3
0.883 0.417 0.800 0.785 8524 TALIWRK 0.790 UNCH 616.5 0.797 36.74 6.08 1,592.5 0.650 0.230 0.250 0.240 0202 RGTECH 0.240 -0.005 1269.7 0.242 21.24 — 126.0
15.787 12.520 13.780 13.500 5347 TENAGA 13.580 0.040 4249.7 13.61 13.05 4.89 77,227.9
1.494 0.882 1.020 0.990 4677 YTL 1.020 0.030 3669 1.007 31.19 3.92 11,128.8 0.355 0.090 0.100 0.095 0178 SEDANIA 0.100 0.005 17.3 0.097 — 10.00 22.6
1.265 0.694 0.825 0.795 6742 YTLPOWR 0.815 0.020 1601.9 0.813 10.54 6.13 6,648.9 0.560 0.390 0.410 0.395 0203 SMETRIC 0.410 0.005 264.9 0.400 — — 99.9
CLOSED-END FUNDS 0.235 0.095 0.120 0.110 0117 SMRT 0.120 -0.005 10 0.115 0.47 — 48.8
2.880 2.340 2.490 2.460 5108 ICAP 2.470 UNCH 21 2.470 40.29 — 345.8 0.280 0.070 0.090 0.085 0169 SMTRACK 0.090 0.005 212.8 0.089 — — 13.2
EXCHANGE TRADED FUNDS 0.270 0.080 0.085 0.085 0093 SOLUTN 0.085 0.005 71 0.085 — — 26.0
1.190 1.140 — — 0800EA ABFMY1 1.139 — — — — 4.08 1,410.0 0.285 0.150 0.250 0.250 0129 SRIDGE 0.250 Unch 216.7 0.250 21.19 — 34.1
2.100 1.735 — — 0822EA CIMBA40 1.825 — — — — 3.73 4.9 0.375 0.180 0.200 0.185 0050 SYSTECH 0.195 0.010 362.9 0.190 35.45 — 67.8
1.845 1.455 1.480 1.465 0823EA CIMBC50 1.465 0.010 51.5 1.468 — — 10.5 0.145 0.090 0.100 0.090 0132 TDEX 0.100 Unch 1122 0.094 — — 59.0
1.960 1.750 1.790 1.760 0820EA FBMKLCI-EA 1.790 0.040 20.3 1.762 — 1.84 3.0 0.210 0.085 0.095 0.095 0145 TFP 0.095 -0.005 5.1 0.095 — — 19.5
1.775 1.600 — — 0828EA GOLDETF 1.755 — — — — — 43.2 0.580 0.200 0.265 0.255 0005 UCREST 0.260 0.015 10616.7 0.259 5.01 — 120.6
1.100 0.940 1.020 1.010 0826EA METFAPA 1.020 0.030 28.3 1.020 — — 18.4 0.110 0.065 0.085 0.085 0060 VC 0.085 Unch 62 0.085 77.27 — 51.8
0.922 0.795 — — 0825EA METFSID 0.820 — — — — 1.84 72.2 0.795 0.290 0.480 0.450 0120 VIS 0.470 0.030 3445.7 0.464 0.26 0.70 79.4
1.100 0.900 0.955 0.955 0827EA METFUS50 0.955 0.055 2 0.955 — — 12.4 0.116 0.015 0.025 0.020 0069 VIVOCOM 0.025 0.005 3327.1 0.020 — — 141.6
1.250 1.060 — — 0821EA MYETFDJ 1.060 — — — — 2.25 292.5 0.145 0.085 0.105 0.105 0066 VSOLAR 0.105 Unch 37 0.105 — — 40.5
1.210 1.070 — — 0824EA MYETFID 1.120 — — — — 2.51 52.0 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
REAL ESTATE INVESTMENT TRUSTS 0.200 0.105 — — 0086 YGL 0.105 — — — — — 24.4
0.830 0.675 — — 4952 AHP 0.780 — — — 9.21 6.60 171.6 TELECOMMUNICATIONS & MEDIA
1.324 1.030 1.280 1.270 5116 ALAQAR 1.280 0.010 10.1 1.275 10.93 4.02 942.1 0.636 0.351 0.385 0.375 0195 BINACOM 0.380 Unch 575.5 0.381 9.38 2.63 98.8
0.930 0.765 0.805 0.800 5269 ALSREIT 0.805 UNCH 39.9 0.801 12.38 5.69 466.9 0.880 0.530 — — 0147 INNITY 0.720 — — — 44.17 — 99.9
0.639 0.515 0.530 0.525 5120 AMFIRST 0.530 0.005 68.5 0.528 31.18 7.45 363.8 0.180 0.045 0.050 0.045 0017 M3TECH 0.050 Unch 1733.6 0.050 — — 29.3
0.863 0.778 0.825 0.815 5127 ARREIT 0.825 0.015 61.6 0.820 3.25 7.26 472.9 0.110 0.040 0.045 0.045 0103 MNC 0.045 Unch 177 0.045 — — 21.5
1.140 1.005 1.100 1.100 5130 ATRIUM 1.100 -0.010 20 1.100 7.15 7.14 134.0 0.180 0.070 0.080 0.075 0092 MTOUCHE 0.080 0.005 32 0.075 — — 40.7
1.580 1.135 1.570 1.540 5106 AXREIT 1.560 0.020 236.2 1.546 15.81 4.79 1,930.2 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 0.005 2642.2 0.016 — — 41.4
1.690 0.940 1.030 1.000 5180 CMMT 1.010 UNCH 2370.5 1.013 13.29 8.02 2,064.6 1.152 0.320 0.625 0.610 0035 OPCOM 0.610 0.005 1115.6 0.616 11.28 5.33 98.4
1.218 1.090 1.140 1.120 5121 HEKTAR 1.130 UNCH 84.7 1.124 12.34 8.85 522.0 0.165 0.045 0.055 0.055 0123 PRIVA 0.055 Unch 1 0.055 — — 30.7
1.750 1.382 1.740 1.730 5227 IGBREIT 1.740 0.010 2747.8 1.740 17.76 5.38 6,150.6 0.355 0.095 0.115 0.110 0007 PUC 0.115 0.005 14573 0.112 — — 220.8
0.864 0.640 0.795 0.790 5280 KIPREIT 0.795 0.010 155.1 0.791 10.79 8.53 401.7 0.440 0.150 0.180 0.180 0032 REDTONE 0.180 0.005 170 0.180 15.79 — 136.5
8.226 6.538 7.680 7.610 5235SS KLCC 7.670 0.070 117.1 7.653 15.61 4.56 13,846.9 0.465 0.185 0.210 0.200 0173 REV 0.200 -0.005 61.1 0.209 — — 26.9
1.160 0.953 1.050 1.040 5123 MQREIT 1.040 -0.010 165.5 1.044 16.28 4.07 1,114.7 0.355 0.090 0.100 0.095 0178 SEDANIA 0.100 0.005 17.3 0.097 — 10.00 22.6
1.725 1.280 1.600 1.590 5212 PAVREIT 1.600 0.010 90.5 1.597 17.90 5.39 4,858.7 0.285 0.150 0.250 0.250 0129 SRIDGE 0.250 Unch 216.7 0.250 21.19 — 34.1
1.770 1.403 1.700 1.660 5176 SUNREIT 1.690 0.030 930.2 1.678 11.83 5.55 4,977.2 0.135 0.050 0.055 0.050 0165 XOX 0.050 Unch 951 0.053 — — 54.6
1.144 0.876 0.925 0.925 5111 TWRREIT 0.925 -0.005 3.5 0.925 17.03 4.43 259.5 FINANCIAL SERVICES
1.535 1.285 1.310 1.300 5110 UOAREIT 1.300 -0.010 19.3 1.308 9.64 6.38 549.7 0.185 0.045 0.065 0.055 0150 FINTEC 0.065 Unch 943.1 0.059 — — 39.3
1.249 1.017 1.210 1.180 5109 YTLREIT 1.190 0.010 1471.9 1.192 8.51 6.40 2,028.2
SPAC 0.630 0.455 0.540 0.495 0053 OSKVI 0.535 -0.010 5.6 0.539 — 9.35 105.7
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 HEALTH CARE
0.510 0.460 0.510 0.495 5270 RSENA 0.500 0.005 17184 0.501 — — 500.0 0.340 0.185 0.195 0.190 0163 CAREPLS 0.190 -0.005 288 0.190 — — 101.0
ENERGY 0.230 0.105 0.115 0.105 0182 LKL 0.105 -0.005 223 0.108 — 3.33 45.0
0.220 0.060 0.075 0.065 5115 ALAM 0.075 0.010 981 0.070 — — 69.3 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
0.950 0.145 0.165 0.150 5210 ARMADA 0.150 UNCH 30866.9 0.157 — — 880.6 0.780 0.280 0.385 0.370 0201 NOVA 0.370 0.010 528.5 0.380 13.91 4.86 117.6
0.385 0.040 0.050 0.045 7251 BARAKAH 0.050 0.005 2167.7 0.045 — — 41.8 TRANSPORTATION & LOGISTICS
0.490 0.205 0.435 0.400 5257 CARIMIN 0.400 UNCH 4992 0.420 — — 93.6 0.135 0.060 0.090 0.090 0048 ANCOMLB 0.090 Unch 82.5 0.090 — — 42.6
1.450 0.800 0.810 0.805 5071 COASTAL 0.805 0.005 21.6 0.806 — 2.48 427.9 0.300 0.210 0.230 0.215 0080 STRAITS 0.225 0.005 761.3 0.222 24.73 — 125.8
0.110 0.010 0.010 0.010 0091 DAYA 0.010 UNCH 497.6 0.010 — — 20.4 0.559 0.295 0.350 0.315 0199 TRIMODE 0.340 0.040 99 0.343 10.90 2.94 56.4
0.920 0.500 0.540 0.525 5141 DAYANG 0.530 0.015 1347 0.533 45.30 — 511.3 CONSTRUCTION
1.340 0.865 1.000 0.960 5132 DELEUM 0.990 0.025 80 0.992 11.96 4.55 397.1 0.438 0.220 0.260 0.225 0198 GDB 0.225 -0.025 938.7 0.236 4.29 4.44 140.6
3.637 2.430 3.130 3.010 7277 DIALOG 3.100 0.030 3108.1 3.098 37.67 1.03 17,489.1 0.045 0.010 — — 0109 SCBUILD 0.015 — — — 10.71 — 13.2
0.535 0.215 0.320 0.310 7253 HANDAL 0.320 0.020 55 0.311 — — 51.2 PLANTATION
19.158 4.520 4.730 4.630 4324 HENGYUAN 4.650 0.070 212.5 4.674 5.94 0.43 1,395.0 0.120 0.065 0.075 0.070 0189 MATANG 0.070 Unch 120 0.071 38.89 2.86 126.7
1.360 0.705 0.845 0.810 5199 HIBISCS 0.815 0.040 66921.6 0.823 4.41 — 1,294.4 UTILITIES
0.665 0.130 0.160 0.150 2739 HUAAN 0.160 0.010 20977.1 0.154 4.43 — 179.6 0.345 0.199 0.230 0.230 0011 BTECH 0.230 0.010 40 0.230 13.94 6.96 58.0

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 4 Markets FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE

0.545 0.400 0.485 0.480 06505Q FBMKLCI-C5Q 0.485 0.015 349 1,690 1,650 6.20 31/05/2019
Main Market & Ace Market Warrants 0.330 0.135 0.265 0.255 06504Y FBMKLCI-H4Y 0.265 -0.020 225.7 1,690 1,888 24.21 31/01/2019
0.470 0.125 — — 06506A FBMKLCI-H6A 0.125 — — 1,690 1,690 2.18 31/12/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.665 0.280 — — 06506B FBMKLCI-H6B 0.435 — — 1,690 1,770 12.41 31/12/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.315 0.045 — — 06506C FBMKLCI-H6C 0.170 — — 1,690 1,750 8.54 31/12/2018
0.335 0.155 0.155 0.155 06506D FBMKLCI-H6D 0.155 -0.020 5 1,690 1,630 -0.84 31/01/2019
0.395 0.035 0.050 0.035 70322 A50CHIN-C22 0.040 0.005 835.3 5.998 7.473 25.60 29/03/2019 0.465 0.280 — — 06506E FBMKLCI-H6E 0.330 — — 1,690 1,710 7.00 31/01/2019
0.605 0.160 0.200 0.160 70324 A50CHIN-C24 0.165 -0.010 2654.7 5.998 6.406 10.93 29/03/2019 0.090 0.050 — — 06506F FBMKLCI-H6F 0.070 — — 1,690 1,650 1.73 29/03/2019
0.325 0.200 0.210 0.200 70326 A50CHIN-C26 0.200 -0.005 93.9 5.998 6.299 15.02 25/06/2019 0.115 0.020 0.050 0.040 06506G FBMKLCI-H6G 0.050 Unch 3826 1,690 1,680 1.44 31/01/2019
0.180 0.090 0.100 0.095 70328 A50CHIN-C28 0.095 0.005 20 5.997 7.367 27.59 25/06/2019 0.225 0.070 0.175 0.160 06506H FBMKLCI-H6H 0.175 -0.010 2880 1,690 1,780 12.53 28/02/2019
0.435 0.210 0.230 0.210 70332 A50CHIN-C32 0.210 -0.020 348.4 5.997 6.673 16.52 28/06/2019 0.360 0.235 0.240 0.240 06506I FBMKLCI-H6I 0.240 -0.030 50 1,690 1,680 3.63 28/02/2019
0.300 0.145 0.225 0.225 70323 A50CHIN-H23 0.225 -0.020 20 5.998 5.872 3.53 29/03/2019 0.495 0.305 0.370 0.355 06506J FBMKLCI-H6J 0.365 -0.020 1928.4 1,690 1,760 10.58 28/02/2019
0.495 0.325 0.495 0.465 70327 A50CHIN-H27 0.495 0.015 2717 5.998 6.406 19.18 28/06/2019 0.295 0.115 — — 06506K FBMKLCI-H6K 0.250 — — 1,690 1,820 18.00 29/03/2019
0.220 0.045 0.055 0.045 5238WA AAX-WA 0.055 0.005 710.4 0.240 0.460 114.58 08/06/2020 0.185 0.105 0.150 0.145 06506L FBMKLCI-H6L 0.150 -0.005 316.5 1,690 1,788 14.63 31/05/2019
0.175 0.050 0.060 0.050 6599CO AEON-CO 0.050 -0.005 0.4 1.500 1.650 16.67 31/07/2019 0.280 0.170 0.220 0.205 06506M FBMKLCI-H6M 0.210 -0.020 73 1,690 1,800 15.16 30/04/2019
0.130 0.005 0.025 0.020 509962 AIRASIAC62 0.025 0.015 150 2.960 3.257 13.69 31/01/2019 0.430 0.335 0.340 0.335 06506N FBMKLCI-H6N 0.340 -0.015 168 1,690 1,660 4.22 30/04/2019
0.150 0.010 0.050 0.035 509965 AIRASIAC65 0.040 0.005 5140.8 2.960 3.126 9.14 28/02/2019 0.555 0.440 0.445 0.440 06506O FBMKLCI-H6O 0.445 -0.040 126.8 1,690 1,740 10.82 30/04/2019
0.240 0.015 0.090 0.070 509966 AIRASIAC66 0.085 0.030 969.6 2.960 2.822 2.83 16/01/2019 0.190 0.090 0.115 0.105 06506P FBMKLCI-H6P 0.110 -0.010 1072.7 1,690 1,680 3.92 31/05/2019
0.270 0.035 0.195 0.160 509967 AIRASIAC67 0.195 0.035 2064.9 2.960 2.605 5.18 30/04/2019 0.185 0.115 0.135 0.125 06506Q FBMKLCI-H6Q 0.135 -0.010 905.8 1,690 1,700 6.14 28/06/2019
0.175 0.020 0.080 0.050 509968 AIRASIAC68 0.070 0.020 340.2 2.960 3.387 21.40 29/03/2019 0.435 0.360 0.360 0.360 06506R FBMKLCI-H6R 0.360 -0.015 15 1,690 1,610 1.62 31/05/2019
0.130 0.025 0.120 0.095 509969 AIRASIAC69 0.120 0.030 7184.9 2.960 2.953 11.37 29/03/2019 0.555 0.450 0.450 0.450 06506S FBMKLCI-H6S 0.450 -0.015 12.5 1,690 1,690 7.95 31/05/2019
0.070 0.020 0.070 0.065 509970 AIRASIAC70 0.070 0.020 355.8 2.960 3.083 12.37 04/04/2019 0.110 0.005 — — 522252 FGV-C52 0.005 — — 0.705 1.900 170.57 28/02/2019
0.160 0.030 0.160 0.145 509971 AIRASIAC71 0.150 0.015 169.7 2.960 2.822 8.55 31/07/2019 0.060 0.035 — — 522259 FGV-C59 0.035 — — 0.705 1.800 171.21 30/04/2019
0.250 0.085 0.250 0.225 509972 AIRASIAC72 0.250 0.030 1574.4 2.960 2.518 10.75 28/06/2019 0.120 0.005 — — 522261 FGV-C61 0.015 — — 0.705 1.350 97.87 30/04/2019
0.290 0.130 0.290 0.260 509973 AIRASIAC73 0.280 0.040 32.8 2.960 2.432 6.79 20/05/2019 0.040 0.030 0.030 0.030 522262 FGV-C62 0.030 -0.005 60 0.705 1.200 82.98 23/10/2019
0.370 0.180 0.370 0.335 509974 AIRASIAC74 0.365 0.035 2195.8 2.960 2.171 5.47 28/06/2019 0.065 0.040 0.050 0.045 522263 FGV-C63 0.050 Unch 4055 0.705 0.950 47.52 28/06/2019
0.190 0.135 0.190 0.175 509975 AIRASIAC75 0.190 0.035 40 2.960 2.692 13.25 13/06/2019 0.065 0.010 — — 0150WA FINTEC-WA 0.010 — — 0.065 0.300 376.92 19/04/2024
0.205 0.155 0.190 0.190 5014C6 AIRPORT-C6 0.190 0.015 600 8.440 8.300 18.60 23/10/2019 0.105 0.020 — — 0150WB FINTEC-WB 0.030 — — 0.065 0.150 176.92 03/12/2022
0.190 0.005 0.015 0.005 5014CZ AIRPORT-CZ 0.015 0.005 1690.3 8.440 9.000 7.79 31/01/2019 0.100 0.015 0.030 0.020 9318WB FITTERS-WB 0.030 Unch 15 0.400 1.000 157.50 12/10/2019
0.230 0.085 0.090 0.090 7609WA AJIYA-WA 0.090 -0.015 50 0.530 0.920 90.57 28/08/2021 0.195 0.070 — — 0116WC FOCUS-WC 0.100 — — 0.140 0.050 7.14 06/11/2019
0.055 0.015 0.015 0.015 9342WB ANZO-WB 0.015 -0.005 10 0.045 0.250 488.89 25/08/2023 0.080 0.020 — — 9377WA FSBM-WA 0.025 — — 0.095 0.300 242.11 16/05/2022
0.045 0.005 0.005 0.005 9342WC ANZO-WC 0.005 Unch 12 0.045 0.200 355.56 18/06/2020 0.800 0.500 — — 7184WA G3-WA 0.700 — — 0.800 0.100 0.00 02/10/2022
0.130 0.005 — — 521040 ARMADA-C40 0.005 — — 0.150 0.770 416.67 29/03/2019 0.490 0.075 0.095 0.085 9261WB GADANG-WB 0.090 0.005 859.9 0.510 1.060 125.49 29/11/2021
0.030 0.005 — — 521048 ARMADA-C48 0.005 — — 0.150 0.555 276.67 30/05/2019 0.225 0.005 — — 539847 GAMUDA-C47 0.005 — — 1.220 5.000 311.07 31/12/2018
0.045 0.015 — — 521049 ARMADA-C49 0.015 — — 0.150 0.500 253.33 17/06/2019 0.050 0.015 — — 539857 GAMUDA-C57 0.020 — — 2.360 3.500 50.85 31/07/2019
0.030 0.020 — — 521050 ARMADA-C50 0.020 — — 0.150 0.400 190.67 28/06/2019 0.105 0.055 0.060 0.060 539858 GAMUDA-C58 0.060 0.005 465.4 2.360 2.800 33.90 30/04/2019
0.170 0.010 0.015 0.010 0068WB ASDION-WB 0.010 -0.005 135 0.180 0.500 183.33 24/03/2019 0.140 0.070 0.085 0.080 539859 GAMUDA-C59 0.080 0.010 12.4 2.360 2.350 13.14 30/08/2019
0.090 0.040 — — 4057WB ASIAPAC-WB 0.050 — — 0.115 0.250 160.87 25/05/2022 0.100 0.065 — — 539860 GAMUDA-C60 0.075 — — 2.360 2.880 37.92 17/06/2019
0.075 0.015 — — 0105WA ASIAPLY-WA 0.015 — — 0.070 0.100 64.29 13/12/2020 0.080 0.045 0.050 0.050 539861 GAMUDA-C61 0.050 0.005 140 2.360 3.200 44.07 31/05/2019
0.075 0.020 0.020 0.020 0105WB ASIAPLY-WB 0.020 -0.005 20 0.070 0.100 71.43 12/12/2022 0.055 0.055 — — 539862 GAMUDA-C62 0.055 — — 2.360 2.500 19.92 13/06/2019
0.120 0.080 — — 639910 ASTRO-C10 0.100 — — 1.330 1.500 31.58 25/06/2019 1.300 0.125 0.165 0.150 5398WE GAMUDA-WE 0.155 0.005 1129.6 2.360 4.050 78.18 06/03/2021
0.110 0.070 0.095 0.090 639911 ASTRO-C11 0.090 Unch 0.4 1.330 1.600 40.60 17/06/2019 0.410 0.135 0.165 0.155 5226WB GBGAQRS-WB 0.160 0.010 1507.9 0.700 1.120 82.86 26/09/2023
0.090 0.050 0.075 0.075 639912 ASTRO-C12 0.075 0.005 190 1.330 1.500 29.70 31/05/2019 0.050 0.015 — — 0078CN GDEX-CN 0.015 — — 0.260 0.480 93.27 01/03/2019
0.140 0.035 — — 6399C8 ASTRO-C8 0.035 — — 1.330 2.200 73.31 31/01/2019 0.425 0.035 0.045 0.035 0078WB GDEX-WB 0.035 -0.005 242 0.260 0.383 60.58 05/02/2020
0.195 0.140 — — 688833 AXIATA-C33 0.190 — — 4.000 3.600 13.75 28/06/2019 0.225 0.005 0.005 0.005 471537 GENM-C37 0.005 Unch 20 0.987 5.100 419.00 31/01/2019
0.165 0.095 — — 688834 AXIATA-C34 0.165 — — 4.000 3.450 6.88 30/08/2019 0.165 0.005 — — 471538 GENM-C38 0.005 — — 1.550 5.500 256.45 26/03/2019
0.180 0.130 0.175 0.175 688835 AXIATA-C35 0.175 0.005 0.4 4.000 4.200 22.50 17/06/2019 0.135 0.005 — — 471539 GENM-C39 0.005 — — 1.565 5.250 237.06 01/03/2019
0.195 0.175 — — 688836 AXIATA-C36 0.195 — — 4.000 3.750 20.56 23/10/2019 0.085 0.010 0.010 0.010 471541 GENM-C41 0.010 Unch 110 2.970 5.050 71.72 31/07/2019
0.488 0.085 0.090 0.090 7078WA AZRB-WA 0.090 -0.010 0.5 0.295 0.630 144.07 13/05/2024 0.125 0.030 0.035 0.035 471542 GENM-C42 0.035 Unch 183.1 2.970 4.600 60.19 28/06/2019
0.550 0.170 0.230 0.215 0098WA BAHVEST-WA 0.225 0.010 24 0.390 0.430 67.95 20/08/2024 0.085 0.040 0.050 0.045 471543 GENM-C43 0.050 0.005 1288.9 2.970 3.900 39.73 25/06/2019
0.110 0.070 0.100 0.090 5248C1 BAUTO-C1 0.100 0.005 85 2.170 2.200 15.21 31/05/2019 0.075 0.050 0.060 0.055 471544 GENM-C44 0.055 Unch 59.7 2.970 4.000 43.94 28/06/2019
0.155 0.090 0.140 0.135 5248CY BAUTO-CY 0.135 -0.020 0.4 2.170 2.000 10.83 20/05/2019 0.145 0.105 0.120 0.120 471545 GENM-C45 0.120 0.005 210 2.970 2.900 17.85 13/06/2019
0.330 0.115 0.145 0.135 5258WA BIMB-WA 0.145 0.005 203.3 3.610 4.720 34.76 04/12/2023 0.140 0.100 0.115 0.115 471546 GENM-C46 0.115 0.005 3841.3 2.970 3.400 33.84 31/07/2019
0.160 0.075 0.085 0.080 0179WA BIOHLDG-WA 0.085 0.005 159.3 0.205 0.220 48.78 05/01/2022 0.140 0.100 0.115 0.110 471547 GENM-C47 0.110 Unch 900.5 2.970 3.200 24.41 25/06/2019
0.150 0.045 0.055 0.050 3239WB BJASSET-WB 0.050 0.005 357.8 0.290 0.350 37.93 10/06/2023 2.990 1.490 1.960 1.700 2291WA GENP-WA 1.960 0.210 14.9 9.860 7.750 -1.52 17/06/2019
0.100 0.035 0.045 0.040 3395WB BJCORP-WB 0.045 0.005 251 0.280 1.000 273.21 22/04/2022 0.034 0.001 — — 318251 GENTINGC51 0.005 — — 2.037 9.000 343.05 29/03/2019
0.140 0.065 0.065 0.065 3395WC BJCORP-WC 0.065 Unch 150 0.280 1.000 280.36 29/05/2026 0.090 0.005 — — 318254 GENTINGC54 0.005 — — 2.244 9.600 329.37 18/02/2019
0.070 0.070 0.070 0.070 1562CX BJTOTO-CX 0.070 -0.080 1000 2.110 2.450 26.07 23/10/2019 0.060 0.010 — — 318256 GENTINGC56 0.015 — — 6.090 8.800 46.22 28/06/2019
0.045 0.010 0.015 0.010 7036WC BORNOIL-WC 0.015 Unch 1562.5 0.040 0.070 112.50 08/11/2025 0.175 0.075 0.080 0.080 318257 GENTINGC57 0.080 Unch 25 6.090 7.700 33.00 28/06/2019
0.050 0.015 0.015 0.015 7036WD BORNOIL-WD 0.015 -0.005 500 0.040 0.070 112.50 29/05/2027 0.105 0.035 0.045 0.035 318258 GENTINGC58 0.035 -0.005 2100 6.090 7.250 23.07 30/09/2019
0.145 0.005 0.010 0.005 181818 BURSA-C18 0.005 Unch 140 1.818 8.100 346.64 28/02/2019 0.110 0.090 — — 318259 GENTINGC59 0.110 — — 6.090 7.200 29.06 25/06/2019
0.135 0.115 0.115 0.115 181821 BURSA-C21 0.115 -0.020 600 6.800 7.500 20.44 23/10/2019 0.115 0.090 — — 318260 GENTINGC60 0.090 — — 6.090 7.180 26.03 28/06/2019
0.120 0.035 0.035 0.035 0191WA CABNET-WA 0.035 Unch 0.5 0.220 0.500 143.18 02/07/2021 0.095 0.080 0.080 0.080 318261 GENTINGC61 0.080 Unch 30 6.090 6.600 17.57 13/06/2019
0.830 0.300 0.350 0.350 7174WA CAB-WA 0.350 0.020 0.1 0.515 0.170 0.97 08/02/2020 0.135 0.100 0.110 0.105 318262 GENTINGC62 0.105 Unch 1266.4 6.090 7.000 23.22 28/06/2019
0.925 0.370 0.650 0.600 7154WA CAELY-WA 0.650 0.010 28 1.060 0.380 -2.83 22/04/2021 0.050 0.005 — — 3204CG GKENT-CG 0.005 — — 0.825 3.880 373.33 31/01/2019
0.290 0.025 0.025 0.025 7076WA CBIP-WA 0.025 Unch 8.6 1.020 2.400 137.75 06/11/2019 0.170 0.050 0.125 0.110 5220WA GLOTEC-WA 0.110 -0.020 579.4 0.560 0.720 48.21 19/12/2021
0.330 0.070 0.090 0.075 7035WA CCK-WA 0.080 -0.005 2477.8 0.375 0.900 161.33 18/06/2023 0.115 0.005 0.015 0.005 1147WA GOB-WA 0.015 Unch 25.1 0.185 0.800 340.54 24/12/2019
0.140 0.005 — — 102336 CIMB-C36 0.005 — — 1.887 6.100 225.12 31/12/2018 0.050 0.005 — — 0074WA GOCEAN-WA 0.005 — — 0.090 0.340 283.33 07/08/2019
0.160 0.035 0.045 0.045 102337 CIMB-C37 0.045 0.005 100.1 5.780 5.800 5.02 16/01/2019 0.100 0.050 0.050 0.050 0082WB GPACKET-WB 0.050 Unch 104 0.315 0.400 42.86 24/11/2023
0.155 0.050 0.055 0.050 102338 CIMB-C38 0.055 0.005 300 5.780 5.900 8.74 27/02/2019 0.040 0.015 — — 7096WA GPA-WA 0.015 — — 0.080 0.100 43.75 03/06/2025
0.095 0.020 — — 102339 CIMB-C39 0.020 — — 5.780 7.300 28.37 18/02/2019 0.235 0.020 — — 7022CR GTRONIC-CR 0.020 — — 1.740 2.280 35.63 29/03/2019
0.110 0.040 — — 102340 CIMB-C40 0.040 — — 5.780 6.900 24.22 29/03/2019 0.085 0.065 — — 7022CU GTRONIC-CU 0.065 — — 1.740 2.700 68.25 30/05/2019
0.130 0.090 — — 102342 CIMB-C42 0.090 — — 5.780 6.380 19.72 31/05/2019 0.075 0.055 0.065 0.065 7022CW GTRONIC-CW 0.065 0.010 541.6 1.740 2.200 39.51 28/06/2019
0.140 0.070 0.075 0.075 102343 CIMB-C43 0.075 0.005 50 5.780 6.600 20.29 30/04/2019 0.170 0.040 — — 7676WB GUNUNG-WB 0.040 — — 0.290 0.400 51.72 02/10/2020
0.145 0.100 0.110 0.110 102344 CIMB-C44 0.110 0.005 1.6 5.780 6.500 21.97 20/05/2019 0.135 0.075 — — 7668CG HAIO-CG 0.075 — — 2.620 4.500 88.93 30/04/2019
0.170 0.125 0.140 0.140 102345 CIMB-C45 0.140 0.005 220 5.780 5.700 13.15 28/06/2019 0.065 0.035 — — 3034CX HAPSENG-CX 0.060 — — 9.850 10.000 6.40 31/07/2019
0.045 0.025 — — 7018WA CME-WA 0.030 — — 0.035 0.010 14.29 01/05/2028 0.240 0.020 0.030 0.030 516811 HARTA-C11 0.030 Unch 11 6.270 7.000 13.56 29/03/2019
0.145 0.040 — — 285213 CMSB-C13 0.085 — — 2.690 3.650 48.33 01/03/2019 0.285 0.075 0.090 0.085 516813 HARTA-C13 0.085 Unch 240 6.270 5.800 1.99 16/01/2019
0.095 0.080 — — 285214 CMSB-C14 0.085 — — 2.690 3.500 52.23 28/06/2019 0.125 0.065 0.070 0.070 516816 HARTA-C16 0.070 Unch 40 6.270 6.880 17.54 04/04/2019
0.165 0.100 0.115 0.100 285215 CMSB-C15 0.100 -0.010 1110 2.690 3.000 30.11 30/05/2019 0.305 0.060 0.070 0.065 5072WB HIAPTEK-WB 0.065 Unch 976.5 0.235 0.500 140.43 23/06/2021
0.140 0.050 — — 0102WA CONNECT-WA 0.050 — — 0.120 0.100 25.00 17/09/2021 0.165 0.005 0.010 0.005 5199CI HIBISCS-CI 0.005 Unch 1399 0.815 1.100 36.50 31/01/2019
0.140 0.035 — — 0102WB CONNECT-WB 0.035 — — 0.120 0.100 12.50 07/06/2021 0.180 0.015 0.025 0.020 5199CK HIBISCS-CK 0.020 0.005 2087 0.815 1.200 52.64 18/03/2019
0.570 0.220 — — 8125WB DAIBOCI-WB 0.320 — — 1.650 2.500 70.91 19/06/2022 0.195 0.015 0.030 0.025 5199CL HIBISCS-CL 0.025 0.005 5200.2 0.815 0.980 27.91 01/03/2019
0.340 0.100 0.200 0.195 5276WA DANCO-WA 0.195 0.005 123 0.430 0.300 15.12 22/05/2022 0.125 0.040 0.050 0.050 5199CN HIBISCS-CN 0.050 0.005 100 0.815 1.100 50.31 25/06/2019
0.025 0.005 — — 7179WB DBE-WB 0.010 — — 0.030 0.050 100.00 22/01/2022 0.130 0.050 0.055 0.055 5199CO HIBISCS-CO 0.055 0.005 50 0.815 1.200 64.11 27/08/2019
0.190 0.030 0.040 0.030 3484WA DBHD-WA 0.040 0.010 51 0.235 0.580 163.83 27/11/2020 0.665 0.200 0.385 0.345 5199WC HIBISCS-WC 0.375 0.050 21052.9 0.815 1.000 68.71 19/03/2021
0.075 0.030 0.030 0.030 0152WB DGB-WB 0.030 Unch 80 0.135 0.120 11.11 27/06/2021 0.075 0.040 0.050 0.045 5819CN HLBANK-CN 0.050 0.010 600 20.720 21.000 6.18 31/07/2019
0.605 0.035 — — 727728 DIALOG-C28 0.160 — — 3.100 2.750 -3.55 31/12/2018 0.150 0.140 0.145 0.140 5819CO HLBANK-CO 0.145 Unch 400 20.720 22.000 16.67 23/10/2019
0.200 0.030 0.055 0.045 727733 DIALOG-C33 0.050 0.010 431.7 3.100 3.400 13.71 29/03/2019 0.250 0.085 0.100 0.090 5160WA HOMERIZ-WA 0.090 Unch 258.8 0.660 0.920 53.03 09/07/2020
0.215 0.040 — — 727734 DIALOG-C34 0.040 — — 3.100 3.200 7.10 16/01/2019 0.090 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 34.8 0.040 0.200 412.50 20/12/2020
0.115 0.035 — — 727735 DIALOG-C35 0.040 — — 3.100 4.000 33.55 29/03/2019 0.160 0.025 0.030 0.025 9601WD HWGB-WD 0.025 Unch 40 0.105 0.320 228.57 15/03/2021
0.125 0.070 — — 727736 DIALOG-C36 0.070 — — 3.100 3.550 25.81 28/06/2019 0.070 0.015 0.070 0.055 5225C7 IHH-C7 0.070 0.020 50.4 5.450 6.000 15.23 31/05/2019
0.145 0.030 0.060 0.055 727737 DIALOG-C37 0.055 0.005 85.2 3.100 3.500 18.23 31/07/2019 0.130 0.035 0.105 0.100 5225C9 IHH-C9 0.105 0.010 499.8 5.450 5.600 13.35 24/04/2019
0.135 0.050 0.075 0.070 727739 DIALOG-C39 0.075 0.010 0.4 3.100 3.500 21.37 20/05/2019 0.165 0.010 0.010 0.010 16624 INARI-C24 0.010 -0.005 260 1.480 2.280 56.08 15/04/2019
0.220 0.080 — — 727740 DIALOG-C40 0.125 — — 3.100 3.300 17.74 28/06/2019 0.120 0.010 0.015 0.010 16625 INARI-C25 0.015 Unch 253.3 1.480 2.300 58.75 30/04/2019
0.120 0.095 0.120 0.115 727741 DIALOG-C41 0.120 0.010 1771.3 3.100 3.250 18.39 25/06/2019 0.105 0.040 0.040 0.040 16626 INARI-C26 0.040 Unch 40 1.480 1.850 33.11 30/09/2019
0.150 0.025 0.070 0.065 694724 DIGI-C24 0.070 0.020 15.4 4.490 4.750 10.47 31/05/2019 0.120 0.045 0.055 0.050 16627 INARI-C27 0.050 0.005 1142.8 1.480 1.900 39.19 28/06/2019
0.185 0.085 — — 694725 DIGI-C25 0.110 — — 4.490 4.700 14.48 31/05/2019 0.115 0.050 0.060 0.050 16628 INARI-C28 0.060 0.005 105.1 1.480 1.900 40.54 25/06/2019
0.140 0.100 0.135 0.130 694726 DIGI-C26 0.135 0.015 800 4.490 4.500 12.25 25/06/2019 0.105 0.075 0.090 0.090 16629 INARI-C29 0.090 0.005 0.8 1.480 1.900 46.62 28/06/2019
0.145 0.110 0.135 0.135 694727 DIGI-C27 0.135 0.020 0.4 4.490 4.880 19.21 17/06/2019 0.085 0.085 0.085 0.085 16630 INARI-C30 0.085 -0.065 15 1.480 1.800 38.85 13/06/2019
0.300 0.060 — — 694728 DIGI-C28 0.070 — — 4.490 5.000 18.84 28/06/2019 2.010 0.915 0.975 0.960 0166WB INARI-WB 0.960 0.040 124 1.480 0.533 0.90 17/02/2020
0.100 0.020 0.020 0.020 0029WB DIGISTA-WB 0.020 Unch 1 0.050 0.260 460.00 04/04/2023 0.115 0.020 0.030 0.030 0094WA INIX-WA 0.030 Unch 189 0.070 0.100 85.71 16/11/2020
0.245 0.055 0.070 0.065 4456WD DNEX-WD 0.065 0.005 3041.3 0.225 0.500 151.11 30/07/2021 0.390 0.050 0.060 0.050 3379WB INSAS-WB 0.055 Unch 546.2 0.665 1.000 58.65 25/02/2020
0.415 0.105 0.130 0.120 7114WA DNONCE-WA 0.130 0.010 33.3 0.330 0.250 15.15 25/11/2020 0.210 0.005 0.015 0.005 8834WB IREKA-WB 0.015 0.005 17 0.525 1.000 93.33 25/06/2019
0.065 0.015 0.015 0.015 5265WA DOLPHIN-WA 0.015 Unch 22.5 0.090 0.800 805.56 29/03/2021 0.275 0.150 0.275 0.250 4723WB JAKS-WB 0.255 Unch 3337.6 0.485 0.640 84.54 13/12/2023
0.280 0.060 0.080 0.060 7169WA DOMINAN-WA 0.070 -0.020 477.5 1.280 1.300 7.03 10/09/2020 0.040 0.015 0.020 0.015 3115WC KBUNAI-WC 0.020 0.005 3591.3 0.085 0.131 77.65 20/10/2023
0.055 0.015 — — 7198WB DPS-WB 0.025 — — 0.060 0.100 108.33 15/01/2025 0.460 0.140 0.180 0.180 7161WB KERJAYA-WB 0.180 Unch 50 1.140 1.600 56.14 28/02/2023
0.140 0.005 — — 161956 DRBHCOMC56 0.005 — — 1.720 2.280 33.72 31/01/2019 0.765 0.200 0.475 0.435 0151WA KGB-WA 0.475 0.055 1001.7 1.010 0.500 -3.47 12/06/2019
0.235 0.015 — — 161958 DRBHCOMC58 0.015 — — 1.720 2.100 24.97 31/01/2019 0.090 0.010 0.015 0.015 7164WB KNM-WB 0.015 Unch 75 0.075 1.000 1,253 21/04/2020
0.215 0.025 — — 161959 DRBHCOMC59 0.030 — — 1.720 2.000 23.26 27/02/2019 0.145 0.065 0.075 0.075 7153CY KOSSAN-CY 0.075 0.005 50 4.340 4.750 19.82 26/03/2019
0.265 0.020 0.030 0.030 161960 DRBHCOMC60 0.030 -0.005 20 1.720 1.950 18.60 30/04/2019 0.225 0.005 0.010 0.005 5878WB KPJ-WB 0.010 -0.005 1693.8 0.694 1.010 46.97 23/01/2019
0.170 0.025 — — 161961 DRBHCOMC61 0.055 — — 1.720 2.700 66.57 18/02/2019 0.085 0.010 0.020 0.010 5172WA KSTAR-WA 0.020 Unch 12 0.090 0.080 11.11 10/04/2021
0.090 0.025 — — 161966 DRBHCOMC66 0.030 — — 1.720 3.000 80.17 30/04/2019 0.780 0.125 0.165 0.155 9385WA LAYHONG-WA 0.165 0.010 978.9 0.385 0.400 46.75 13/10/2021
0.140 0.030 — — 161967 DRBHCOMC67 0.030 — — 1.720 2.180 31.98 15/04/2019 0.200 0.050 0.075 0.070 7126WA LONBISC-WA 0.075 0.005 123.5 0.630 1.000 70.63 26/01/2020
0.185 0.080 0.095 0.095 161968 DRBHCOMC68 0.095 0.005 100 1.720 1.900 28.69 28/06/2019 0.085 0.030 0.035 0.030 5068WB LUSTER-WB 0.030 Unch 500.2 0.080 0.100 62.50 26/05/2023
0.095 0.005 — — 521610 DSONIC-C10 0.005 — — 0.450 1.000 124.44 31/01/2019 0.090 0.005 0.005 0.005 0017WA M3TECH-WA 0.005 Unch 200 0.050 0.100 110.00 21/08/2019
0.300 0.050 0.090 0.075 5216WA DSONIC-WA 0.080 Unch 1964.9 0.450 1.090 160.00 05/07/2023 0.460 0.160 0.195 0.170 7617WB MAGNA-WB 0.195 -0.005 5.1 0.950 0.900 15.26 04/09/2020
0.150 0.005 — — 3417WB E&O-WB 0.010 — — 0.747 2.600 249.40 21/07/2019 0.125 0.010 0.015 0.010 8583WC MAHSING-WC 0.015 0.005 361.1 0.920 2.100 129.89 21/02/2020
0.030 0.005 — — 0154WD EAH-WD 0.010 — — 0.020 0.050 200.00 25/10/2022 0.080 0.040 0.040 0.040 526418 MALAKOFC18 0.040 Unch 50 0.800 0.900 20.00 25/06/2019
0.135 0.035 — — 3557WC ECOFIRS-WC 0.070 — — 0.305 0.300 21.31 10/09/2019 0.180 0.080 0.090 0.090 115543 MAYBANKC43 0.090 Unch 512.9 9.400 9.000 2.45 30/04/2019
0.590 0.070 0.080 0.075 5253WA ECONBHD-WA 0.075 Unch 811.4 0.375 1.250 253.33 02/01/2023 0.105 0.025 0.025 0.025 115544 MAYBANKC44 0.025 -0.005 9 9.400 10.900 17.82 29/03/2019
0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.915 1.500 73.11 30/04/2019 0.070 0.015 0.020 0.020 115546 MAYBANKC46 0.020 Unch 141.4 9.400 10.000 8.51 28/06/2019
0.385 0.170 0.175 0.175 8206WA ECOWLD-WA 0.175 0.005 50 0.942 2.080 139.38 26/03/2022 0.155 0.125 0.140 0.130 115549 MAYBANKC49 0.135 0.010 2283.4 9.400 9.500 10.40 31/07/2019
0.150 0.030 0.040 0.035 7471WB EDEN-WB 0.035 Unch 115 0.095 0.300 252.63 13/08/2021 0.135 0.120 0.125 0.125 115550 MAYBANKC50 0.125 0.005 175 9.400 9.200 7.18 25/06/2019
1.280 0.110 0.170 0.155 0065WA EFORCE-WA 0.160 0.010 1945.5 0.465 0.340 7.53 17/07/2019 0.150 0.115 0.125 0.125 115551 MAYBANKC51 0.125 0.010 0.4 9.400 9.500 9.71 28/06/2019
0.420 0.130 0.155 0.145 8907WC EG-WC 0.145 0.010 129.8 0.455 0.500 41.76 03/11/2020 0.070 0.020 0.020 0.020 5040WB MEDAINC-WB 0.020 Unch 100 0.315 0.900 192.06 22/04/2022
0.025 0.005 — — 7182WA EKA-WA 0.005 — — 0.060 0.200 241.67 22/01/2019 0.160 0.060 0.070 0.070 0081WA MEGASUN-WA 0.070 Unch 20 0.180 0.100 -5.56 29/04/2019
0.125 0.010 — — 8877CP EKOVEST-CP 0.010 — — 0.435 0.650 54.02 31/01/2019 0.200 0.020 0.025 0.025 1694WB MENANG-WB 0.025 Unch 514 0.375 0.550 53.33 09/07/2019
0.085 0.010 0.010 0.010 8877CQ EKOVEST-CQ 0.010 -0.035 1.8 0.435 0.850 100.00 26/03/2019 2.190 1.050 1.090 1.090 3069WA MFCB-WA 1.090 -0.010 20 3.100 2.220 6.77 08/04/2020
0.060 0.005 — — 8877CR EKOVEST-CR 0.005 — — 0.435 0.880 104.60 18/03/2019 0.180 0.095 0.100 0.095 5286CA MI-CA 0.100 -0.005 600 2.120 2.600 41.51 25/06/2019
0.040 0.040 — — 8877CS EKOVEST-CS 0.040 — — 0.435 0.600 56.32 30/05/2019 0.120 0.075 0.080 0.080 5286CC MI-CC 0.080 0.005 214 2.120 2.700 46.23 28/06/2019
0.075 0.035 — — 8877CT EKOVEST-CT 0.035 — — 0.435 0.500 31.03 30/04/2019 0.118 0.035 0.060 0.040 5576WC MINHO-WC 0.060 0.005 35.7 0.275 0.320 38.18 02/08/2021
0.795 0.045 0.055 0.045 8877WB EKOVEST-WB 0.050 Unch 1486.1 0.435 0.480 21.84 25/06/2019 0.155 0.045 0.125 0.120 381619 MISC-C19 0.120 0.005 0.8 6.330 6.060 5.21 28/06/2019
0.185 0.020 — — 5283CM EWINT-CM 0.020 — — 0.710 0.950 39.44 31/01/2019 0.282 0.015 0.020 0.020 9571WD MITRA-WD 0.020 -0.005 210 0.255 0.940 276.47 23/08/2020
0.340 0.100 0.125 0.115 5283WA EWINT-WA 0.120 0.010 801.1 0.710 1.450 121.13 02/04/2022 0.210 0.050 0.070 0.070 9571WE MITRA-WE 0.070 0.020 81.1 0.255 0.940 296.08 17/04/2023
0.535 0.030 0.030 0.030 7047WB FAJAR-WB 0.030 Unch 60.1 0.310 0.700 135.48 24/09/2019 0.045 0.005 0.010 0.005 0085WB MLAB-WB 0.010 Unch 258 0.040 0.150 300.00 10/09/2020
0.430 0.035 — — 06505B FBMKLCI-C5B 0.035 — — 1,049 1,830 75.41 31/01/2019 0.095 0.045 0.070 0.070 0034WB MMAG-WB 0.070 Unch 300.5 0.210 0.200 28.57 27/11/2022
0.550 0.100 0.130 0.125 06505C FBMKLCI-C5C 0.130 0.010 120 1,690 1,750 5.81 31/01/2019 0.200 0.005 0.005 0.005 165132 MRCB-C32 0.005 -0.005 0.4 0.298 0.800 170.13 28/02/2019
0.160 0.095 — — 06505D FBMKLCI-C5D 0.105 — — 1,690 1,650 3.80 29/03/2019 0.085 0.010 0.010 0.010 165134 MRCB-C34 0.010 Unch 109 0.590 1.050 82.20 29/03/2019
0.205 0.020 0.040 0.035 06505E FBMKLCI-C5E 0.035 Unch 1107 1,690 1,680 0.82 31/01/2019 0.140 0.045 0.050 0.050 165137 MRCB-C37 0.050 0.005 16 0.590 0.700 35.59 30/04/2019
0.110 0.005 0.030 0.030 06505F FBMKLCI-C5F 0.030 0.025 0.1 1,690 1,780 6.52 28/02/2019 0.440 0.180 0.205 0.195 1651WB MRCB-WB 0.205 0.010 72.2 0.590 1.250 146.61 29/10/2027
0.395 0.060 0.090 0.085 06505H FBMKLCI-C5H 0.090 0.025 210 1,690 1,800 8.06 28/02/2019 0.470 0.060 0.110 0.100 13844 MYEG-C44 0.105 0.010 838 0.965 1.000 25.39 29/03/2019
0.095 0.055 — — 06505J FBMKLCI-C5J 0.055 — — 1,690 1,858 13.15 31/05/2019 0.290 0.005 0.025 0.020 13845 MYEG-C45 0.020 Unch 1308 0.965 1.280 37.82 18/02/2019
0.045 0.010 0.020 0.010 06505K FBMKLCI-C5K 0.020 0.005 109.9 1,338 1,800 35.49 30/04/2019 0.065 0.005 0.010 0.010 13854 MYEG-C54 0.010 0.005 600 0.965 2.200 130.57 20/05/2019
0.230 0.100 — — 06505L FBMKLCI-C5L 0.115 — — 1,690 1,850 11.46 30/04/2019 0.135 0.050 0.085 0.075 13855 MYEG-C55 0.085 0.020 2412.1 0.965 1.200 50.78 28/06/2019
0.365 0.195 0.250 0.240 06505M FBMKLCI-C5M 0.245 0.015 722 1,690 1,770 9.04 30/04/2019 0.030 0.005 0.005 0.005 0096WA NEXGRAM-WA 0.005 Unch 26.6 0.020 0.100 425.00 16/05/2022
0.100 0.055 0.080 0.070 06505N FBMKLCI-C5N 0.070 -0.005 630.3 1,690 1,680 2.27 31/05/2019 0.030 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 30 0.020 0.100 425.00 15/01/2024
0.090 0.045 0.070 0.065 06505O FBMKLCI-C5O 0.065 0.005 256 1,690 1,700 3.24 28/06/2019 0.335 0.050 0.175 0.160 7241WA NGGB-WA 0.165 Unch 1510.9 0.450 0.600 70.00 18/10/2020
FRIDAY DECEMB E R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Stocks mark four-year closing
low as Sinopec suspensions spook
market
SHANGHAI: Chinese shares marked their
lowest close in four years yesterday, dragged
down by Sinopec which fell after Reuters
reported that the state-owned oil giant had
suspended two top executives at its trading
arm.
The Shanghai Composite Index (SSEC)
fell 0.61% or 15.21 points to 2,483.09, while
the blue-chip CSI 300 Index lost 0.38% or
11.53 points to 2,990.51. The SSEC marked
its lowest close since November 2014. The
index now sits below both its 50-day moving
average and its 100-day moving average.
The CSI 300’s financial sector sub-index
slid 0.1%, the healthcare sub-index was down
0.9%, while the smaller Shenzhen Index
ended down 1.2%, and the start-up board
ChiNext Composite Index gave up 1.3%.
Sinopec, officially known as China
Petroleum and Chemical Corp, suspended
two top officials for inflicting severe losses
in trading, Reuters reported yesterday.
Shares of the company, which is Asia’s
largest refiner, dropped after the news broke
and closed down 6.8% in Shanghai and 4%
lower in Hong Kong.
“This came as a bit of a shock to the
market,” said Zhang Gang, a Shanghai-
based analyst at Central Securities. “It is
still very unclear what might happen next
at the company.”
The sudden suspensions erased the
optimism in the morning session, when
expectations of policy support and buoyant
global stock markets led local stocks higher.
Instead, investors took stock of fresh data
reporting China’s first fall in industrial profits
in three years.
Oil prices, which rallied and supported
global shares previously, did a U-turn yesterday
amid worries over a glut in crude supply and
concerns over a faltering global economy.
Sentiment in the Chinese market remains
fickle and confidence is lacking, Zhao Wei, an
analyst at Founder Securities, another local
brokerage, wrote yesterday. But the risk of
pledged shares, which prompted authorities
to intervene in October, will give the market
some support at key levels.
Zhang also sees the SSEC finding some
support around 2,500 points before the New
Year, but “it is hard to see if that will remain
the case after that, especially if there are
more black swan events” like the Sinopec
suspensions.
The Hong Kong market tracked the fall in
mainland Chinese shares yesterday, marking
its lowest close in almost two months as
investors sought to mitigate the damage from
a fall in Sinopec shares after the surprise
suspension of two of its executives.
The Hang Seng Index fell 0.67% to
25,478.88 points, its lowest close since Nov
1, while the Hang Seng China Enterprises
Index shed 0.71% to 9,991.06 points to market
its lowest close since May 2017.
US — Dow notches record point surge in
dramatic rebound
NEW YORK: The Dow Jones Industrial Average
surged more than 1,000 points for the first time
on Wednesday, leading a broad Wall Street
rebound after a report that holiday sales were
the strongest in years helped mollify concerns
about the health of the economy.
Following Wall Street’s worst-ever
Christmas eve drop in the previous session,
the advance was also fuelled by investors’
reversing bets against a wide range of stocks.
By the close, the Dow, S&P 500 Index and
Nasdaq had notched their largest daily
percentage gains in nearly a decade.
In a dramatic session that also saw the S&P
500 come within a whisker of dropping into bear
market territory, oil prices surged, boosting
sentiment for risk assets such as stocks and
underpinning a 6.2% gain for energy shares.
Concerns about the economic growth
outlook, the US-China trade dispute and
rising interest rates have dogged stocks since
the end of summer, and the major indices are
still down more than 10% this month alone,
with three more trading days left in the year.
Traders and investors said technical market
factors also contributed to the rally. By some
technical measures, the S&P was its most
oversold in years following Monday’s sell-off.
US 2018 holiday sales rose 5.1% from a year
ago to over US$850 billion, the strongest gain
in six years, according to a Mastercard report.
The S&P 500 retailing index jumped 7.4%, while
shares of online retailer Amazon, which touted
a “record-breaking” season, rose 9.4%.
Stocks found their footing after wobbling
in morning trade. The S&P 500 came within
two points of being down 20% from its
late-September closing high, the threshold
commonly used to define a bear market.
“The market is extremely oversold where
we left it” on Monday, said Brett Ewing,
chief market strategist at First Franklin
Financial Services. “You cannot make the
assumption that this correction is over, but
today’s (Wednesday) action is definitely a
very positive signal.”
The Dow rose 4.98% to 22,878.45 points;
the S&P 500 gained 4.96% to 2,467.7; and the
Nasdaq Composite added 5.84 % to 6,554.36.
The previous record point gain for the
Dow was 936.42 on Oct 13, 2008, during
a period when markets were whipsawed
almost daily by developments in the financial
crisis, which was then in full swing. Over the
two sessions following that gain, the Dow
dropped more than 800 points.
On Wednesday, short-covering was
feverish as the Thomson Reuters US Most
Shorted Index enjoyed its best percentage
rise in its six-year history.
“The move you see is just everybody
trying to get out of these super, super bearish
positions that they have been in, that have
been easy to make money in. ... This is a
short-covering rally,” said Michael Antonelli,
managing director of institutional sales
trading at Robert W Baird. — Reuters

Shanghai Composite Hang Seng Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
5800 33800 27500 3900
2,483.09 25,478.88
-15.21 -172.50
29305 21,056.93
(-0.61%) (-0.67%)
4825 23025 3415
2,772.70
3850 24810 18550 2930
10,403.79
3,087.842
2875 20315 14075 22,878.45 2445 2,973.78
+1,086.25 000
(+4.98%) (000)
1900 15820 9600 1960
Mar 1, 2010 Dec 27, 2018 Mar 1, 2010 Dec 27, 2018 Mar 1, 2010 Dec 26, 2018 Mar 1, 2010 Dec 26, 2018

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.220 0.065 0.140 0.135 710652 SUPERMX-C52 0.135 0.005 2896 3.580 3.300 11.03 29/03/2019
0.120 0.030 0.060 0.055 710653 SUPERMX-C53 0.055 0.005 1121.5 3.580 4.200 25.00 29/03/2019
0.410 0.200 0.240 0.240 0083WC NOTION-WC 0.240 Unch 0.5 0.585 0.840 84.62 14/03/2023 0.310 0.130 0.220 0.210 710656 SUPERMX-C56 0.210 0.010 760 3.580 2.800 7.54 30/05/2019
0.295 0.065 0.095 0.080 0172WA OCK-WA 0.085 Unch 4889 0.420 0.710 89.29 15/12/2020 0.260 0.130 0.190 0.185 710659 SUPERMX-C59 0.185 0.005 128.5 3.580 3.000 9.64 30/08/2019
0.095 0.015 0.045 0.040 0079WA ORION-WA 0.045 0.005 1227.6 0.110 0.170 95.45 26/07/2022 0.170 0.095 0.130 0.125 710660 SUPERMX-C60 0.125 0.005 689.3 3.580 3.800 23.60 25/06/2019
0.210 0.035 0.050 0.045 5053WC OSK-WC 0.045 Unch 453.5 0.870 1.200 43.10 22/07/2020 0.095 0.070 0.095 0.095 710661 SUPERMX-C61 0.095 0.005 140 3.580 4.000 27.65 13/06/2019
0.365 0.100 0.125 0.120 5260WA OWG-WA 0.125 0.005 430 0.515 0.800 79.61 29/09/2023 0.100 0.010 0.015 0.015 7082WB SYF-WB 0.015 Unch 171 0.230 0.700 210.87 11/11/2019
0.420 0.245 0.295 0.280 8419WA PANSAR-WA 0.280 -0.015 13.5 0.800 0.950 53.75 06/06/2023 0.128 0.022 0.030 0.025 1538WB SYMLIFE-WB 0.030 0.005 38.5 0.345 0.790 137.68 11/11/2020
0.250 0.045 0.055 0.050 5125WA PANTECH-WA 0.050 0.005 82 0.435 0.500 26.44 21/12/2020 0.050 0.020 0.020 0.020 2429WB TANCO-WB 0.020 Unch 30 0.055 0.050 27.27 23/08/2021
0.310 0.135 0.140 0.135 129525 PBBANK-C25 0.140 Unch 80.2 24.880 24.200 1.77 30/01/2019 0.300 0.065 0.095 0.075 7200WA TEKSENG-WA 0.095 0.015 62 0.245 0.250 40.82 29/01/2020
0.200 0.075 0.080 0.075 518323 PCHEM-C23 0.080 0.005 97.5 9.360 10.300 14.74 29/03/2019 0.170 0.005 0.010 0.010 534746 TENAGA-C46 0.010 Unch 10 9.000 15.000 67.78 31/01/2019
0.060 0.015 0.020 0.020 518324 PCHEM-C24 0.020 0.005 100 9.360 10.000 8.97 28/06/2019 0.165 0.005 0.015 0.015 534748 TENAGA-C48 0.015 -0.005 430 13.580 15.880 18.04 18/02/2019
0.050 0.005 0.005 0.005 6254WB PDZ-WB 0.005 Unch 37.5 0.025 0.100 320.00 29/01/2023 0.190 0.075 0.110 0.105 534750 TENAGA-C50 0.110 0.005 6532.1 13.579 14.400 15.77 28/06/2019
0.295 0.030 0.045 0.035 8311WC PESONA-WC 0.045 0.010 51.5 0.185 0.250 59.46 27/01/2020 0.140 0.055 0.075 0.070 534751 TENAGA-C51 0.075 0.005 901 13.580 14.000 8.62 30/08/2019
0.190 0.060 0.070 0.070 5681CW PETDAG-CW 0.070 -0.005 1.3 26.140 28.800 14.19 26/03/2019 0.100 0.005 0.010 0.005 0145WA TFP-WA 0.010 0.005 390.6 0.095 0.100 15.79 15/02/2019
0.125 0.060 0.085 0.075 5681CX PETDAG-CX 0.075 -0.005 123.7 26.139 26.500 7.12 30/09/2019 2.810 0.750 0.860 0.800 7034WA TGUAN-WA 0.800 0.020 39 2.280 1.500 0.88 09/10/2019
0.185 0.095 0.115 0.110 6033CR PETGAS-CR 0.115 0.010 100 19.000 19.500 12.32 26/03/2019 0.264 0.018 0.060 0.050 7889WB THRIVEN-WB 0.060 0.005 187.1 0.185 0.480 191.89 05/10/2020
2.260 0.795 1.500 1.500 7172WA PMBTECH-WA 1.500 0.080 5 3.600 3.010 25.28 12/07/2023 0.120 0.005 0.020 0.020 7079WC TIGER-WC 0.020 Unch 0.5 0.085 0.320 300.00 11/02/2021
0.120 0.075 0.080 0.075 886921 PMETAL-C21 0.075 -0.010 250.6 4.740 5.600 26.85 28/06/2019 0.050 0.020 0.040 0.040 486334 TM-C34 0.040 0.010 10 2.680 3.200 23.88 31/07/2019
5.380 3.330 4.340 4.320 8869WC PMETAL-WC 4.330 -0.030 47.4 4.740 0.390 -0.42 22/08/2019 0.185 0.120 0.180 0.175 486336 TM-C36 0.175 0.005 2080 2.680 2.200 11.47 28/06/2019
0.825 0.300 0.470 0.470 7088WB POHUAT-WB 0.470 0.010 18 1.500 1.000 -2.00 21/10/2020 0.220 0.115 0.210 0.210 486337 TM-C37 0.210 0.005 1.2 2.680 2.150 3.73 30/09/2019
0.125 0.015 0.020 0.020 463427 POS-C27 0.020 -0.005 10 1.700 3.000 82.35 30/09/2019 0.195 0.030 0.040 0.030 0101WB TMCLIFE-WB 0.040 0.010 1205.4 0.730 0.750 8.22 21/06/2019
0.070 0.030 0.045 0.040 463429 POS-C29 0.040 Unch 1510 1.700 2.600 62.35 28/06/2019 0.465 0.170 0.210 0.210 7285WA TOMYPAK-WA 0.210 Unch 42.8 0.575 0.930 98.26 21/06/2021
0.060 0.040 0.055 0.055 463430 POS-C30 0.055 Unch 240 1.700 2.200 42.35 25/06/2019 0.405 0.105 0.160 0.155 711333 TOPGLOV-C33 0.160 0.025 560.9 5.770 5.500 5.03 29/03/2019
0.600 0.320 0.330 0.320 7168WA PRG-WA 0.330 Unch 67 0.745 0.375 -5.37 06/07/2019 0.235 0.080 0.120 0.115 711338 TOPGLOV-C38 0.120 0.020 1.6 5.770 6.150 14.90 18/02/2019
0.295 0.105 0.110 0.105 8966WA PRLEXUS-WA 0.105 Unch 25.4 0.560 1.200 133.04 14/06/2021 0.240 0.050 0.070 0.065 711339 TOPGLOV-C39 0.070 0.010 788.1 5.770 6.440 20.10 28/02/2019
0.220 0.035 0.040 0.040 5070WA PRTASCO-WA 0.040 Unch 99 0.200 0.750 295.00 25/04/2023 0.185 0.100 0.115 0.115 711340 TOPGLOV-C40 0.115 0.010 3820 5.770 5.900 16.20 26/03/2019
0.180 0.045 0.055 0.055 0186WA PTRANS-WA 0.055 0.005 1632.3 0.235 0.235 23.40 19/09/2020 0.245 0.120 0.165 0.155 711342 TOPGLOV-C42 0.160 0.010 4594.2 5.770 5.800 15.77 31/05/2019
0.235 0.010 0.015 0.015 0007WB PUC-WB 0.015 Unch 2751 0.115 0.100 0.00 15/02/2019 0.275 0.145 0.185 0.185 711343 TOPGLOV-C43 0.185 0.020 1.2 5.770 5.880 17.94 17/06/2019
0.550 0.210 0.240 0.235 7237WA PWROOT-WA 0.240 0.005 15.6 1.330 1.540 33.83 24/07/2023 0.145 0.110 0.140 0.130 711344 TOPGLOV-C44 0.140 0.010 420 5.770 6.600 27.73 31/07/2019
0.135 0.055 0.070 0.065 5256WA REACH-WA 0.070 0.005 5351.1 0.260 0.750 215.38 12/08/2022 0.260 0.110 0.120 0.110 7173WB TOYOINK-WB 0.115 Unch 3007 0.645 1.500 150.39 06/11/2023
0.200 0.040 0.120 0.110 9954WB RGTBHD-WB 0.115 0.005 400.2 0.160 0.100 34.38 14/05/2023 0.270 0.110 0.135 0.135 7176WA TPC-WA 0.135 Unch 35 0.340 0.200 -1.47 19/01/2021
0.110 0.065 0.065 0.065 106611 RHBBANKC11 0.065 -0.005 20 5.300 5.750 13.40 04/04/2019 0.035 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 Unch 1.5 0.015 0.090 533.33 28/08/2020
0.265 0.050 0.060 0.060 1066C8 RHBBANK-C8 0.060 Unch 50 5.300 5.300 3.40 28/02/2019 0.230 0.040 0.055 0.045 5401WA TROP-WA 0.055 Unch 156 0.895 1.000 17.88 06/12/2019
0.180 0.055 0.065 0.055 8567WB SALCON-WB 0.065 Unch 468.1 0.225 0.300 62.22 19/07/2025 0.170 0.030 0.055 0.030 5042WB TSRCAP-WB 0.055 0.025 100.1 0.350 0.700 115.71 28/12/2020
0.030 0.005 0.005 0.005 0133WC SANICHI-WC 0.005 Unch 14.9 0.060 0.630 958.33 24/09/2019 0.155 0.015 0.015 0.015 514862 UEMS-C62 0.015 -0.010 75 0.635 0.800 30.71 27/02/2019
0.025 0.015 0.015 0.015 0133WE SANICHI-WE 0.015 Unch 637.8 0.060 0.100 91.67 13/12/2021 0.090 0.040 0.040 0.040 514865 UEMS-C65 0.040 Unch 780 0.635 0.750 30.71 28/06/2019
0.100 0.040 0.045 0.040 521873 SAPNRGC73 0.040 Unch 699.9 0.295 0.400 55.93 31/05/2019 0.095 0.015 0.070 0.070 458811 UMW-C11 0.070 Unch 20 5.500 6.100 18.55 28/06/2019
0.055 0.040 0.040 0.040 521874 SAPNRGC74 0.040 -0.005 460 0.295 0.409 59.29 28/06/2019 0.270 0.110 0.225 0.215 458812 UMW-C12 0.220 0.010 270.7 5.500 4.600 7.64 30/05/2019
0.125 0.010 0.015 0.015 7158WB SCOMI-WB 0.015 Unch 897.8 0.050 0.210 350.00 18/02/2023 0.240 0.105 0.210 0.205 458813 UMW-C13 0.205 0.010 31.3 5.500 4.700 7.82 30/08/2019
0.145 0.030 0.030 0.030 0028WA SCOPE-WA 0.030 -0.010 2 0.130 0.150 38.46 17/07/2020 0.225 0.145 0.200 0.195 458814 UMW-C14 0.195 0.010 9.4 5.500 4.880 10.00 17/06/2019
0.260 0.020 0.025 0.025 7073WC SEACERA-WC 0.025 -0.005 60.7 0.190 1.000 439.47 21/01/2021 0.140 0.115 0.135 0.135 458816 UMW-C16 0.135 0.010 1200 5.500 5.800 20.18 25/06/2019
0.255 0.110 0.110 0.110 5279CL SERBADK-CL 0.110 -0.005 10 3.770 3.500 5.97 31/01/2019 0.105 0.015 0.035 0.035 4588C9 UMW-C9 0.035 0.005 100 5.500 6.500 23.27 26/03/2019
0.265 0.115 0.135 0.130 5279CM SERBADK-CM 0.130 0.010 0.4 3.770 3.500 8.36 18/02/2019 0.260 0.050 0.065 0.055 5243WA VELESTO-WA 0.055 Unch 2049.8 0.175 0.395 157.14 18/10/2024
0.105 0.095 0.105 0.100 5279CP SERBADK-CP 0.100 0.005 0.8 3.770 4.500 32.63 28/06/2019 0.355 0.100 0.195 0.175 0120WB VIS-WB 0.195 0.020 1086.2 0.470 0.750 101.06 16/11/2022
0.205 0.050 0.050 0.050 7246WA SIGN-WA 0.050 Unch 14.5 0.365 0.970 179.45 21/04/2021 0.160 0.050 0.050 0.050 0097CM VITROX-CM 0.050 Unch 280 6.300 8.000 36.51 28/06/2019
0.125 0.020 0.065 0.055 419727 SIME-C27 0.065 0.025 1.2 2.440 2.600 13.22 31/05/2019 1.085 0.310 0.370 0.370 7070WC VIZIONE-WC 0.370 0.055 1 0.870 0.700 22.99 05/02/2022
0.095 0.050 0.080 0.070 419729 SIME-C29 0.080 0.015 710 2.440 3.000 31.15 28/06/2019 0.320 0.045 0.055 0.050 9679WE WCT-WE 0.055 0.005 817.7 0.670 2.080 218.66 27/08/2020
0.165 0.100 0.150 0.150 866411 SPSETIA-C11 0.150 Unch 50 2.380 2.300 15.55 25/06/2019 0.180 0.085 0.105 0.090 0162WA WIDAD-WA 0.100 Unch 1044.8 0.240 0.350 87.50 05/08/2023
0.095 0.040 0.080 0.080 0129WA SRIDGE-WA 0.080 Unch 80 0.250 0.180 4.00 24/02/2023 0.150 0.095 0.115 0.100 5246CY WPRTS-CY 0.115 0.020 31 3.650 3.350 4.38 30/08/2019
0.095 0.010 0.020 0.015 0140WA STERPRO-WA 0.015 Unch 100 0.170 0.480 191.18 17/02/2021 0.431 0.070 0.080 0.075 7245WA WZSATU-WA 0.080 0.010 99.9 0.180 0.380 155.56 28/10/2024
0.195 0.100 0.105 0.100 0080WA STRAITS-WA 0.100 Unch 937.8 0.225 0.115 -4.44 10/08/2022 0.200 0.150 0.150 0.150 7003WA Y&G-WA 0.150 Unch 5 0.935 1.000 22.99 16/11/2019
0.115 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 Unch 1008.1 0.015 0.320 2,067 03/03/2021 1.220 0.135 0.170 0.150 7066WA YONGTAI-WA 0.170 0.015 365 0.380 0.500 76.32 24/06/2020
0.640 0.210 0.240 0.220 5211WB SUNWAY-WB 0.240 0.015 76.3 1.430 1.790 41.96 03/10/2024 0.105 0.005 0.005 0.005 6742C3 YTLPOWR-C3 0.005 Unch 500 0.815 1.150 42.70 31/01/2019
0.480 0.075 0.195 0.195 710642 SUPERMX-C42 0.195 0.015 150 3.580 2.880 2.23 31/01/2019 0.085 0.005 0.005 0.005 6742C5 YTLPOWR-C5 0.005 Unch 267.1 0.420 1.300 210.71 31/05/2019
0.175 0.015 0.020 0.020 710647 SUPERMX-C47 0.020 Unch 97 3.580 4.600 32.12 27/02/2019
0.185 0.015 0.030 0.030 710648 SUPERMX-C48 0.030 Unch 100 3.580 4.500 29.89 30/04/2019
0.090 0.010 0.025 0.020 710651 SUPERMX-C51 0.025 0.005 310 3.580 4.450 28.49 15/03/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
2 6 Markets FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on December 26, 2018) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. MTN share price since 2015
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION MTN Group Ltd, a South Africa-based multinational mobile telecommunications
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
ANCOM 142,300 DATO’ SIEW KA WEI 49,342,341 20 & 21/12
company, clashes with Nigerian authorities prompt steep declines in the stock.
BINASAT COMMUNICATIONS 210,000 NA BOON AIK 72,732,751 21/12
BUMI ARMADA (20,000,000) EMPLOYEES PROVIDENT FUND BOARD 438,021,300 20/12
COMPUTER FORMS (M) 309,175 TAN SRI DATO’ TAN HUA CHOON 26,576,292 24/12
DESTINI 473,800 BPH CAPITAL 190,812,012 24/12
DIGI.COM (1,525,464) EMPLOYEES PROVIDENT FUND BOARD 1,145,389,786 20/12
DRB-HICOM 986,100 EMPLOYEES PROVIDENT FUND BOARD 190,890,497 19 & 20/12
DUTCH LADY MILK INDUSTRIES 200,000 EMPLOYEES PROVIDENT FUND BOARD 5,826,200 20/12
HARTALEGA 225,400 EMPLOYEES PROVIDENT FUND BOARD 214,647,000 20/12
HONG LEONG BANK 820,400 EMPLOYEES PROVIDENT FUND BOARD 264,252,021 20/12
HOVID 1,549,100 FAJAR ASTORIA 476,096,750 21/12
HOVID 2,452,500 FAJAR ASTORIA 478,549,250 24/12
IHH HEALTHCARE (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 737,273,900 20/12
IKHMAS JAYA GROUP (3,000,000) IKHMAS JAYA 325,000,000 13/12
INARI AMERTRON (277,000) KUMPULAN WANG PERSARAAN 426,763,675 4/12
(DIPERBADANKAN)
INARI AMERTRON (973,000) EMPLOYEES PROVIDENT FUND BOARD 216,773,449 20/12
IOI CORPORATION 986,800 EMPLOYEES PROVIDENT FUND BOARD 786,736,773 20/12
IOI PROPERTIES GROUP 114,800 EMPLOYEES PROVIDENT FUND BOARD 372,030,232 20/12
KERJAYA PROSPEK GROUP 680,200 EMPLOYEES PROVIDENT FUND BOARD 64,686,290 20/12
KOSSAN RUBBER INDUSTRIES (483,100) EMPLOYEES PROVIDENT FUND BOARD 97,341,100 19 & 20/12 US financial conditions are loose
LAFARGE MALAYSIA (273,900) EMPLOYEES PROVIDENT FUND BOARD 60,435,899 20/12
MALAYAN BANKING 224,200 EMPLOYEES PROVIDENT FUND BOARD 1,445,169,996 20/12 A Chicago’s Federal Reserve Index is well below average, showing the wheels are still
MALAYAN BANKING 224,200 EMPLOYEES PROVIDENT FUND BOARD 1,445,169,996 20/12 greased.
MALAYAN BANKING 19,877,900 AMANAHRAYA TRUSTEE 3,706,745,781 20/12
- AMANAH SAHAM BUMIPUTERA
MEDA INC. (77,307,500) DATO TIONG KWING HEE 77,307,500 21/12
MERGE ENERBY 960,500 CERDIK CEMPAKA 19,914,100 24/12
MICROLINK SOLUTIONS 324,000 OMESTI 102,259,593 21 & 24/12
N2N CONNECT (65,276,321) N2N CONNECT 91,622,095 26/12
NYLEX (M) (2,000,000) RHODEMARK DEVELOPMENT 55,985,888 20/12
NYLEX (M) 2,000,000 ANCOM 31,949,700 20/12
OCK GROUP 713,000 EMPLOYEES PROVIDENT FUND BOARD 61,141,500 19/12
OSK 665,000 OSK EQUITY 564,186,273 24/12
PADINI 377,100 EMPLOYEES PROVIDENT FUND BOARD 50,276,100 20/12
POS MALAYSIA (1,094,100) EMPLOYEES PROVIDENT FUND BOARD 74,699,649 20/12
PPB GROUP 866,100 EMPLOYEES PROVIDENT FUND BOARD 164,106,691 20/12
PUBLIC BANK 653,600 EMPLOYEES PROVIDENT FUND BOARD 483,583,496 20/12
QL RESOURCES 482,000 EMPLOYEES PROVIDENT FUND BOARD 101,186,360 20/12
S P SETIA 534,033 EMPLOYEES PROVIDENT FUND BOARD 424,035,517 20/12
SERBA DINAMIK 2,045,500 KUMPULAN WANG PERSARAAN 119,100,700 21 & 24/12
(DIPERBADANKAN)
SIME DARBY PLANTATION 588,200 EMPLOYEES PROVIDENT FUND BOARD 977,453,531 20/12
SIME DARBY PROPERTY 1,818,200 AMANAHRAYA TRUSTEE 2,984,949,600 21/12
- AMANAH SAHAM BUMIPUTERA Stocks closest to year high Stocks closest to year low
SUNWAY 252,000 EMPLOYEES PROVIDENT FUND BOARD 347,232,970 20/12 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SUNWAY CONSTRUCTION (424,000) EMPLOYEES PROVIDENT FUND BOARD 96,215,664 20/12 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)

GROUP AIRASIAC72 0.250 0.225 0.250 1574.4 IJMPLNT 1.400 1.380 1.380 94.6
SUNWAY REAL ESTATE (1,047,500) AMANAHRAYA TRUSTEE 155,000,000 21/12 TOPVISN 0.340 0.340 0.340 10 HSI-C3P 0.015 0.005 0.005 350
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA RSENA 0.510 0.495 0.500 17184.6 GDEX-WB 0.045 0.035 0.035 242
SUNWAY REAL ESTATE 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 434,343,100 19/12 HSI-H6I 0.760 0.690 0.760 60 AEON-CO 0.060 0.050 0.050 0.4
INVESTMENT TRUST MHCARE 0.500 0.470 0.500 22 PMETAL-C21 0.080 0.075 0.075 250.6
TELEKOM MALAYSIA 928,100 EMPLOYEES PROVIDENT FUND BOARD 609,307,677 20/12 A50CHIN-H27 0.495 0.465 0.495 2717 BURSA-C21 0.115 0.115 0.115 600
TENAGA NASIONAL 327,500 AMANAHRAYA TRUSTEE 513,185,300 21/12 SERBADK-CP 0.105 0.100 0.100 0.8 IVORY 0.215 0.195 0.215 378.1
- AMANAH SAHAM BUMIPUTERA JAKS-WB 0.275 0.250 0.255 3337.6 HSI-C5D 0.240 0.190 0.190 1481.8
AIRASIAC75 0.190 0.175 0.190 40 HSI-C5F 0.585 0.490 0.490 279
TENAGA NASIONAL 1,220,100 EMPLOYEES PROVIDENT FUND BOARD 726,272,100 19 & 20/12
AIRASIAC74 0.370 0.335 0.365 2195.8 HSI-C3V 0.115 0.090 0.100 3947.3
TOP GLOVE CORPORATION 1,500,000 EMPLOYEES PROVIDENT FUND BOARD 171,206,422 20/12
AIRASIAC73 0.290 0.260 0.280 32.8 CCK 0.425 0.365 0.375 6684.5
WESTPORTS 288,500 EMPLOYEES PROVIDENT FUND BOARD 197,641,800 20/12
AIRASIAC71 0.160 0.145 0.150 169.7 CMSB-C15 0.115 0.100 0.100 1110
YINSON 771,100 KUMPULAN WANG PERSARAAN 141,812,200 21 & 24/12
AIRASIAC70 0.070 0.065 0.070 355.8 HSI-C5G 0.330 0.275 0.275 260
(DIPERBADANKAN)
DIALOG-C41 0.120 0.115 0.120 1771.3 UEMS-C62 0.015 0.015 0.015 75
YTL CORPORATION 300,000 EMPLOYEES PROVIDENT FUND BOARD 658,517,793 20/12
BJTOTO-CX 0.070 0.070 0.070 1000 FBMKLCI-H6D 0.155 0.155 0.155 5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder HSI-H6J 0.990 0.985 0.990 40 A50CHIN-C32 0.230 0.210 0.210 348.4
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with INARI-C30 0.085 0.085 0.085 15 GLBHD 0.335 0.335 0.335 1
Bursa Malaysia. Note: * denotes Ace Market
SUPERMX-C61 0.095 0.095 0.095 140 HSI-C3R 0.020 0.010 0.015 256.9
MSM 2.480 2.460 2.460 5.1
A50CHIN-C24 0.200 0.160 0.165 2654.7

Local event to watch out for today ROHAS

CHGP
0.755
0.350
0.710
0.335
0.755
0.350
18.1
181
A50CHIN-C26 0.210 0.200 0.200 93.9
• Nexgram Holdings Bhd’s annual general meeting at Sri Damansara Club Bhd, Kiara This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Room, Lot 23304 Persiaran Perdana, Bandar Sri Damansara, Kuala Lumpur at 10am. 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 BRITCANADA BRUNEI S’PORE AUS M’SIA CHINA BANGL’HDENMARK UAE INDON INDIA JAPANNORWAY PHIL QATAR SAUDI SWEDEN THAI HK
NZ $ 0.589 0.671 0.665 0.531 0.913 0.922 0.922 0.952 2.7989 4.608 56.280 4.397 2.465 9,770 47.219 74.403 5.875 35.386 2.444 2.518 6.060 21.841 5.256
EURO 1.698 1.140 1.129 0.902 1.550 1.565 1.565 1.617 4.7521 7.823 95.555 7.466 4.185 16,587 80.170 126.325 9.975 60.079 4.149 4.275 10.288 37.082 8.924
US $ 1.490 0.878 0.991 0.792 1.360 1.373 1.373 1.419 4.1700 6.865 83.850 6.551 3.673 14,555 70.350 110.851 8.753 52.720 3.641 3.751 9.028 32.540 7.831
SWISS FR 1.503 0.885 1.009 0.799 1.372 1.386 1.386 1.432 4.2074 6.926 84.602 6.610 3.706 14,686 70.981 111.845 8.832 53.193 3.673 3.785 9.109 32.832 7.901
STERLING £ 1.882 1.109 1.263 1.252 1.718 1.735 1.735 1.793 5.2680 8.672 105.928 8.276 4.640 18,388 88.874 140.039 11.058 66.602 4.599 4.739 11.405 41.108 9.893
CANADA $ 1.096 0.645 0.735 0.729 0.582 1.010 1.010 1.044 3.0666 5.048 61.663 4.818 2.701 10,704 51.735 81.519 6.437 38.770 2.677 2.759 6.639 23.930 5.759
BRUNEI $ 1.085 0.639 0.728 0.722 0.576 0.990 1.000 1.033 3.0363 4.998 61.054 4.770 2.674 10,598 51.224 80.714 6.373 38.387 2.651 2.731 6.574 23.693 5.702
SINGAPORE $ 1.085 0.639 0.728 0.722 0.576 0.990 1.000 1.033 3.0363 4.998 61.054 4.770 2.674 10,598 51.224 80.714 6.373 38.387 2.651 2.731 6.574 23.693 5.702
AUSTRALIA $ 1.050 0.618 0.705 0.698 0.558 0.958 0.968 0.968 2.9386 4.838 59.089 4.617 2.588 10,257 49.576 78.117 6.168 37.152 2.565 2.643 6.362 22.931 5.519
MALAYSIA RM 0.357 0.210 0.240 0.238 0.190 0.326 0.329 0.329 0.340 1.0000 1.646 20.108 1.571 0.881 3,491 16.871 26.583 2.099 12.643 0.873 0.900 2.165 7.803 1.878
100 CHINESE RMB 21.703 12.783 14.567 14.438 11.531 19.809 20.006 20.006 20.671 60.7450 1,221 95.430 53.502 212,032 1,024.800 1,615 127.508 767.981 53.032 54.643 131.511 474.015 114.077
100 BANGLAD’H TAKA 1.777 1.047 1.193 1.182 0.944 1.622 1.638 1.638 1.692 4.9732 8.187 7.813 4.380 17,359 83.900 132.202 10.439 62.874 4.342 4.474 10.767 38.807 9.339
100 DANISH KRONER 22.743 13.395 15.265 15.129 12.083 20.757 20.964 20.964 21.661 63.6540 104.79 1,280 56.064 222,186 1,073.88 1,692 133.61 804.76 55.57 57.26 137.81 496.71 119.54
100 UAE DIRHAM 40.565 23.892 27.227 26.985 21.552 37.024 37.393 37.393 38.637 113.5374 186.91 2,283 178.37 396,305 1,915 3,018 238.32 1,435 99.12 102.13 245.81 885.97 213.22
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.009 0.009 0.010 0.0286 0.047 0.576 0.045 0.025 0.483 0.762 0.060 0.362 0.025 0.026 0.062 0.224 0.054
100 INDIA RUPEE 2.118 1.247 1.421 1.409 1.125 1.933 1.952 1.952 2.017 5.9275 9.758 119.190 9.312 5.221 20,690 157.571 12.442 74.940 5.175 5.332 12.833 46.254 11.132
100 JAPAN YEN 1.344 0.792 0.902 0.894 0.714 1.227 1.239 1.239 1.280 3.7618 6.193 75.642 5.910 3.313 13,131 63.464 7.896 47.559 3.284 3.384 8.144 29.355 7.065
100 NORWEGIAN KRONER 17.021 10.025 11.424 11.323 9.043 15.535 15.690 15.690 16.212 47.6400 78.426 958 74.842 41.960 166,289 803.712 1,266 602.298 41.591 42.854 103.139 371.752 89.466
100 PHILIPPINE PESO 2.826 1.664 1.897 1.880 1.501 2.579 2.605 2.605 2.692 7.9097 13.021 159.047 12.426 6.967 27,609 133.441 210.264 16.603 6.905 7.115 17.124 61.722 14.854
100 QATAR RIYAL 40.925 24.104 27.469 27.225 21.743 37.352 37.725 37.725 38.979 114.5447 188.566 2,303 179.949 100.887 399,821 1,932 3,045 240.438 1,448 103.038 247.986 893.833 215.111
100 SAUDI RIYAL 39.718 23.393 26.659 26.422 21.102 36.251 36.613 36.613 37.830 111.1674 183.007 2,235 174.643 97.913 388,032 1,875 2,955 233.349 1,405 97.052 240.674 867.479 208.768
100 SWEDISH KRONOR 16.503 9.720 11.077 10.978 8.768 15.062 15.213 15.213 15.718 46.1900 76.039 928.784 72.564 40.683 161,227 779.249 1,228 96.956 583.967 40.325 41.550 360.437 86.743
100 THAI BAHT 4.579 2.697 3.073 3.046 2.433 4.179 4.221 4.221 4.361 12.8150 21.096 257.683 20.132 11.287 44,731 216.196 340.661 26.900 162.016 11.188 11.528 27.744 24.066
100 HK$ 19.025 11.205 12.770 12.656 10.108 17.364 17.538 17.538 18.121 53.2492 87.660 1,070.730 83.654 46.900 185,868 898.342 1,416 111.774 673.214 46.488 47.900 115.283 415.522
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.
FRIDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
18.00
1980 1,680.00 90000 1.50 4.5
(+9.00) (-1.50) 3.78
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

96.814
(-0.236) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Dec 27, 2018 Jan 4, 2010 Dec 27, 2018 Oct 2, 2006 Dec 27, 2018 Oct 1, 2000 Dec 27, 2018

KLCI futures end higher FBM KLCI futures Yen gains as stocks fall in Klibor
with better cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
broad-based sell-off MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on Bursa FBMKLCI 1,690.72 18.12 63.9M The Japanese yen gained 0.5% against the MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives closed higher yesterday, DEC 18 1,680.00 9.00 15,293 29,517 -900 US dollar yesterday as widening cracks in SEP9 96.22 — — —
tracking the positive performance of the JAN 19 1,681.50 7.50 12,679 24,444 2,577
global stock markets prompted investors DEC9 96.22 — — —
MAR 19 1,677.50 7.50 151 558 2
underlying cash market. JUN 19 1,671.00 9.50 46 187 -1
to load up on perceived safe-haven assets. MAR0 96.22 — — —
December 2018 added nine points to TOTAL Though US stocks jumped on Wednesday, JUN0 96.22 — — —
28,169 54,706 1,678
SEP0 96.22 — — —
1,680; January 2019 and March 2019 rose sentiment was decidedly more cautious DEC0 96.22 — — —
7.5 points each to 1,681.5 and 1,677.5 FUTURESDEC/JAN
ROLL OVER BID
2.0
OFFER
1.0
CLOSE
1.5
going into the US trading session yesterday MAR1 96.22 — — —
respectively, while June 2019 was 9.5 points with European equities falling 1%, while US JUN1 96.22 — — —
firmer at 1,671. Turnover nearly doubled to FUTURES FAIR VALUE stock futures slipped more than 1.5%. SEP1 96.22 — — —
DEC1 96.22 — — —
28,169 lots from 14,355 lots on Wednesday, CONTRACT
DEC 18
DAYS TO EXPIRY
5
KLIBOR DIVIDEND FAIR VALUE
0.63 0.00 0.63
With concerns about a fresh chapter of MAR2 96.22 — — —
while open interest widened to 54,706 JAN 19 36 5.50 0.27 5.23 trade tensions between the US and China JUN2 96.22 — — —
contracts from 38,060 contracts. ROLL’S FAIR 4.60 unfolding, investors piled into low-yielding SEP2 96.22 — — —
The underlying benchmark KLCI finished currencies such as the Japanese yen and the DEC2 96.22 — — —
MAR3 96.22 — — —
18.12 points higher at 1,690.72. Swiss franc in thin year-end trading.
JUN3 96.22 — — —
Most Southeast Asian stock markets “On [the] back of the global growth SEP3 96.22 — — —
ended yesterday higher as a rally on Wall concerns and the sharp turnaround in JAN-00 — — — —
Street, coupled with a leeway in the Sino- markets today (yesterday) we have started JAN-00 — — — —
US trade standoff, spurred a buying spree Around the region, MSCI’s Asia ex-Japan to see the yen regain its place as the safe- JAN-00 — — — —
TOTAL 0 0
across Asia. stock index was firmer by 0.5%. — Agencies haven of choice,” said a strategist. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil

Gold
US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 200000 6400 0.700 155.00
2,104 0.2805
3450
(+10)
5075 (RM2,576/tonne) 0.525 121.25
1660 1,269.90
152500 (+0.90)
45.45
(-0.77) 1340
2700 105000 3750 0.350 87.50

1950 53.75 1020

57500 2425 0.175
2,104
1200 (+10) 700
10000 20.00
1100 0.000
Jan 6, 2008 Dec 27, 2018 Apr 10, 2007 Dec 27, 2018 Aug 31, 2008 Dec 27, 2018
Jan 6, 2008 Dec 27, 2018

Palm oil snaps four CPO futures Oil prices slip back Commodities

sessions of losses CONTRACT

JAN-19
LAST
2,012
CHANGE
-5
VOLUME
665
OPEN CHANGE IN
INTEREST OPEN INTEREST
7,197 -124
towards 18-month lows AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,104 10
RUBBER SEN/KG MRB 523.50 6.50
FEB-19 2,060 9 2,888 27,497 -393
Malaysian palm oil futures rose more than Oil prices fell yesterday after rebounding CORN USC/BSH CBOT 375.25 2.00
MAR-19 2,104 10 13,494 62,501 2,213
SOYBEANS USC/BSH CBOT 875.00 5.00
1% during trade yesterday, snapping four APR-19 2,151 6 3,502 47,549 -60 8% in the previous session, as worries over
WHEAT USC/BSH CBOT 510.00 -6.50
straight sessions of sharp falls, supported by MAY-19 2,179 4 1,275 32,295 -115 a glut in crude supply and concerns over a LIVE CATTLE USC/IBS CME 122.75 -0.03
gains in US soyoil on the US Chicago Board CPO FUTURES CPO/SOYOIL faltering global economy pressured prices COCOA US$/TON NYBOT 2,373 -81
of Trade (CBoT) and global stock markets. INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) even as a stock market rally offered support. COFFEE USC/IBS NYBOT 106.50 -0.50
JAN/FEB -48 -74.29
The benchmark palm oil contract JAN/MAR -93 3 MONTHS AVERAGE -72.71
Brent crude oil dropped US$1.67 a barrel, SUGAR USC/IBS NYBOT 12.45 0.02
for March delivery on Bursa Malaysia JAN/APR or 3.1% to a low of US$52.80 before recovering COTTON USC/IBS NYC 75.24 -0.54
-141 6 MONTHS AVERAGE -85.37
Derivatives was up 0.5% to RM2,104 a tonne FEB/MAR -45 to around US$53.52, down 95 US cents. US METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,500 UNCH
at the close of trade. Earlier in the session, SGS & ITS EXPORT ESTIMATES (TONNES) light crude oil slipped US$1.30 to US$44.92 COPPER USC/IBS CMX 2.6805 -0.0240
it climbed as much as 1.7% to RM2,129. SHIPMENT DAYS OCT’18 NOV’18 DEC’18 and was last 77 US cents lower at US$45.45. GOLD US$/TROY OZ CMX 1,269.90 0.90
“Palm oil is borrowing support from 1 - 10TH DAYS 352/308 352/307 312/299 Oil prices reached multi-year highs in PLATINUM US$/TROY OZ NYMEX 800.40 -2.70
the recovery in rival oilseed,” said a Kuala 1 - 15TH DAYS 552/539 552/549 600/524
early October but are now approaching their PALLADIUM US$/TROY OZ NYMEX 1,188.50 2.60
Lumpur-based futures trader, referring to 11 -- 20TH DAYS
25TH DAYS
912/891
1,085/1,096
823/793
1,074/1,040
879/847
1,078/974
lowest levels for 18 months. SILVER USC/TROY OZ CMX 15.09 0.08
CBoT soyoil. Both crude oil benchmarks have lost ALUMINIUM RMB/TON SHF 13,700 -165
FULL MONTH 1,428/1,394 1,241/1,250 —/—
ZINC RMB/TON SHF 20,445 75
The rally in global stock markets also MALAYSIAN PALM OIL BOARD more than a third of their value since the
contributed to palm oil’s gains, said another AUG’18 SEP’18 OCT’18 NOV’18 beginning of October and are heading for ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 45.45 -0.77
palm oil trader. PRODUCTION 1,622 1,854 1,965 1,845 losses of more than 20% in 2018. HEATING OIL USC/GAL NYMEX 1.7183 -0.0097
World stocks bounced off a near two- EXPORTSTOCKS
1,100
2,489
1,619
2,541
1,571
2,722
1,375
3,007
“Fear of a bear market remains in place,” NATURAL GAS US$/MMBTU NYMEX 3.504 0.046
year low yesterday, lifted by a dramatic said Johannes Gross at Vienna-based BRENT CRUDE US$/BBL ICE 53.52 -0.95
MPOB palm oil physical
Wall Street surge, though a fall in Chinese consultancy JBC Energy. — Reuters GAS OIL US$/TON ICE 509.50 5.25
industrial profits and renewed Italian (IN RM/TON) DEC’18 JAN’19 FEB’19

banking worries offered a sobering reminder CPO DELD

PK EX-MILL
1,952 2,009
NO TRADE NO TRADE NO TRADE
NO TRADE Centrifuged Latex Rubber - M’sia SMR 20
of the problems weighing on the world CPKO DELD NO TRADE 1,470 NO TRADE Sen/Kg
Sen/Kg
economy. RBD P.OIL FOB NO TRADE NO TRADE 3,171 1100 1900
US stocks soared on Wednesday with RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
the Dow Jones Industrial Average rocketing RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 378.00 1475 523.50
(+3.50)
more than 1,000 points for the first time. MPOB FFB REF PRICE (MILL GATE PRICE) (+6.50)

In other related oils, the CBoT January REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
soybean oil contract was up 0.4%, while the NORTH 20.00% 397 19.00% 378 18.00% 359
January soybean oil contract on the China’s SOUTH 20.00% 411 19.00% 392 18.00% 372
500 625
Dalian Commodity Exchange (DCE) fell CENTRAL 20.00% 406 19.00% 387 18.00% 367
0.2%. Meanwhile, the DCE January palm EAST COAST 20.00% 397 19.00% 378 18.00% 359 300 200
SABAH 22.00% 389 21.00% 371 20.00% 354 Jan 7, 2007 Dec 27, 2018 Jan 7, 2007 Dec 27, 2018
oil contract was up 0.3%. — Reuters SARAWAK 22.00% 394 21.00% 376 20.00% 358
 Markets
28 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 2 7
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 2 6
G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 5
RESEARCH: TAI TS [tai@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 1

KLCI 1,690.72 18.12 FBM ACE 4,237.66 63.17 FTSTI 3,044.74 33.59 NIKKEI 20,077.62 750.56 HANG SENG 25,478.88 172.50 DOW JONES 22,878.45 1,086.25

The work of today is the history of tomorrow Market movers

and we are its makers. — Juliette Gordon Low
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 HIBISCS 66,921.6 0.040 5.16 0.815 4.19 0.00
('000) (%) (RM) (RM) (RM) (RM) MYEG 51,029.4 0.035 3.76 0.965 44.29 1.83
Index point
1693.0 HSI-H4O 43,087 0.00 0.000 0.380 0.390 0.250 PRESBHD 50,643.5 0.020 4.94 0.425 40.10 4.20
1691.4 1,690.72 HSI-C5B 41,409 -3.08 -0.010 0.315 0.405 0.315 HUBLINE 48,152.7 UNCH UNCH 0.040 9.52 0.00
(+18.12) HSI-C3X 23,812 1.35 0.005 0.375 0.440 0.370 SAPNRG 47,145.8 0.005 1.72 0.295 — 2.44
1689.8
1688.2 HIBISCS-WC 21,053 15.38 0.050 0.375 0.385 0.345 HSI-H4O 43,087.0 0.085 28.81 0.380 — 0.00
KL Composite Index
1686.6 RSENA 17,185 1.01 0.005 0.500 0.510 0.495 VS 42,706.2 0.020 2.92 0.705 7.86 5.69

1685.0 1,680.00 HSI-H4W 17,031 0.00 0.000 0.400 0.410 0.320 HSI-C5B 41,409.4 -0.075 -19.23 0.315 — 0.00
KLCI futures (+9.00) HSI-C3Z 13,887 9.09 0.010 0.120 0.145 0.110 SANICHI 35,680.3 UNCH UNCH 0.060 — 0.00
1683.4
HSI-H4V 13,655 5.26 0.010 0.200 0.205 0.150 ARMADA 30,866.9 UNCH UNCH 0.150 — 1.07
1681.8 HSI-C3W 11,262 2.78 0.005 0.185 0.220 0.180 ATURMJU-PR 26,800.8 UNCH UNCH 0.010 — 0.00
1680.2 JAG 11,088 0.00 0.000 0.045 0.050 0.045 YONGTAI 26,538.5 0.030 8.57 0.380 21.34 0.00
1678.6 PMHLDG 9,095 -5.26 -0.005 0.090 0.095 0.085 HSI-C3X 23,811.6 -0.045 -10.71 0.375 — 0.00
1677.0 OCR-PA 7,677 50.00 0.015 0.045 0.045 0.030 PERMAJU 23,132.2 -0.005 -1.43 0.345 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
AIRASIAC69 7,185 33.33 0.030 0.120 0.120 0.095 KNM 22,255.8 UNCH UNCH 0.075 — 0.00
CCK 6,685 -8.54 -0.035 0.375 0.425 0.365 HIBISCS-WC 21,052.9 0.050 15.38 0.375 — 0.00
Daily FBM KLCI TENAGA-C50 6,532 4.76 0.005 0.110 0.110 0.105 HUAAN 20,977.1 0.010 6.67 0.160 4.16 0.00
SP500-CF 6,232 16.67 0.005 0.035 0.050 0.035 JAKS 18,437.4 0.005 1.04 0.485 1.82 0.00
KL Composite Index Moving average - 20-day AIRASIA 17,243.0 0.130 4.59 2.960 3.38 8.48
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 RSENA 17,184.6 0.005 1.01 0.500 — 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
1,690.72 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(+18.12)
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP

1425.0
1,672.04 KLCI up in relief rally after CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

Wall Street shares surge NESTLE

BAT
148.000
36.360
2.500
0.800
SP500-HF
SP500-HG
1.000
1.050
-0.300
-0.260
AJI 19.600 0.600 YINSON 4.200 -0.150
1122.5
HLBANK 20.720 0.520 CMSB 2.690 -0.140
KUALA LUMPUR: The FBM KLCI closed 18.12 points or ALLIANZ 12.800 0.400 UMS 2.110 -0.140
820.0 1.08% higher yesterday, tracking the dramatic overnight AEONCR 15.300 0.380 MSM 2.460 -0.120
Jan 2, 2008 Dec 27, 2018 rebound in US stocks at Wall Street on Wednesday after a F&N 32.360 0.360 AMWAY 6.000 -0.100
report of robust holiday sales shored up investor confidence AIRPORT 8.440 0.260 BJTOTO-CX 0.070 -0.080
900
over the health of the US economy. QL 6.750 0.250 ATTA 0.545 -0.075
HLFG 18.880 0.240 TOYOINK 0.645 -0.075
Reuters reported that the Dow Jones Industrial Average
600 PANAMY 37.900 0.220 SUNSURIA 0.620 -0.070
surged at least 1,000 points in a single session for the first PETGAS 19.000 0.220 INARI-C30 0.085 -0.065
300 time on Wednesday in a broad stock rebound after the
benchmark S&P 500 index was on the brink of a bear Top gainers and losers (ranked by percentage)
0
market.

 
Volume (’mil)
Back home yesterday, the KLCI finished at 1,690.72 at UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
5pm after trading between 1,677.33 and 1,691.65. The KLCI
FBM KLCI futures closed higher, led by Sime Darby Bhd and Sime Darby FBMKLCI-C5F 0.030 500.00 EKOVEST-CQ 0.010 -77.78
AIRASIAC62 0.025 150.00 BJTOTO-CX 0.070 -53.33
CONTRACT SETTLEMENT CHANGE HIGH LOW
Plantation Bhd share gains.
MYEG-C54 0.010 100.00 HSI-C3P 0.005 -50.00
DEC 18 1,680.00 9.00 1,687.50 1,680.00 Sime Darby shares closed up 10 sen or 4.27% at RM2.44 TFP-WA 0.010 100.00 MRCB-C32 0.005 -50.00
JAN 19 1,681.50 7.50 1,689.00 1,679.00 to become the largest gainer in percentage terms among TSRCAP-WB 0.055 83.33 INARI-C30 0.085 -43.33
MAR 19 1,677.50 7.50 1,685.00 1,676.50
the 30 KLCI stocks. Sime Darby Plantation gained 17 sen AMTEK 0.230 64.29 UEMS-C62 0.015 -40.00
or 3.69% to RM4.78. SIME-C27 0.065 62.50 ASDION-WB 0.010 -33.33
FBM KLCI sensitivity* UOB Kay Hian head of research Vincent Khoo AIRASIAC66 0.085 54.55 INARI-C24 0.010 -33.33

KLCI CHANGE CLOSE VOLUME told theedgemarkets.com that Malaysia’s share market SUMATEC 0.015 50.00 KPJ-WB 0.010 -33.33
POINTS (RM) (RM) ('000) BJMEDIA 0.240 50.00 PHB 0.015 -25.00
PETRONAS CHEMICAL 2.17 0.170 9.360 3808.7
performance yesterday can be viewed as a relief rally and F&N-CC 0.030 50.00 SCOPE-WA 0.030 -25.00
SIME DARBY PLANTATION 1.85 0.170 4.780 769.1 that local equities could continue to trend higher through AIRPORT-CZ 0.015 50.00 TENAGA-C48 0.015 -25.00
HONG LEONG BANK 1.80 0.520 20.720 367.4 early January 2019.
DIGI.COM 1.49 0.120 4.490 1589.1 “[However], beyond this relief period, the underlying Top gainers and losers - warrants (ranked by percentage)
MAXIS 1.37 0.110 5.350 1023.5 economic and capital market fundamentals will likely
SIME DARBY 1.09 0.100 2.440 4638.5 UP CHANGE DOWN CHANGE
NESTLE MALAYSIA 0.94 2.500 148.000 30.9
remain challenging,” Khoo cautioned. — by Tan Xue Ying CLOSE (%) CLOSE (%)
MAYBANK 0.88 0.050 9.400 2725.7 FBMKLCI-C5F 0.030 500.00 EKOVEST-CQ 0.010 -77.78
IHH HEALTHCARE 0.84 0.060 5.450 3466.9
World equity indices AIRASIAC62 0.025 150.00 BJTOTO-CX 0.070 -53.33
PUBLIC BANK 0.74 0.120 24.880 1192.4 MYEG-C54 0.010 100.00 HSI-C3P 0.005 -50.00
PETRONAS GAS 0.70 0.220 19.000 678.9 CLOSE CHANGE CLOSE CHANGE TFP-WA 0.010 100.00 MRCB-C32 0.005 -50.00
MALAYSIA AIRPORT 0.69 0.260 8.440 761.9
DOW JONES 22,878.45 1,086.25 INDONESIA 6,190.64 62.79 TSRCAP-WB 0.055 83.33 INARI-C30 0.085 -43.33
PRESS METAL 0.44 0.070 4.740 748.0
S&P 500 2,467.70 116.60 JAPAN 20,077.62 750.56 SIME-C27 0.065 62.50 UEMS-C62 0.015 -40.00
HONG LEONG FINANCIAL 0.44 0.240 18.880 620.7
NASDAQ 100 6,262.77 363.41 KOREA 2,028.44 0.43 AIRASIAC66 0.085 54.55 ASDION-WB 0.010 -33.33
GENTING 0.43 0.070 6.090 2622.1
FTSE 100 6,685.99 -35.18 PHILIPPINES 7,482.66 32.65 F&N-CC 0.030 50.00 INARI-C24 0.010 -33.33
MISC 0.43 0.060 6.330 1147.8
AUSTRALIA 5,597.20 103.40 SINGAPORE 3,044.74 33.59 AIRPORT-CZ 0.015 50.00 KPJ-WB 0.010 -33.33
SUB-TOTAL 16.30
CHINA 2,483.09 -15.21 TAIWAN 9,641.56 162.57 OCR-PA 0.045 50.00 SCOPE-WA 0.030 -25.00
OTHERS 1.82
HONG KONG 25,478.88 -172.50 THAILAND 1,548.37 -8.56 MAHSING-WC 0.015 50.00 TENAGA-C48 0.015 -25.00
GRAND TOTAL 18.12
INDIA 35,807.28 157.34 VIETNAM 900.81 9.06 IREKA-WB 0.015 50.00 BORNOIL-WD 0.015 -25.00
* How stock price changes affected the index on the previous trading day

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.
Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.
EP 2 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

YE AR-E N D S PE CI AL

SAM FONG | THE EDGE

The Edge Property Sdn Bhd
(1091814-P)
There was
Level 3, Menara KLK, a change in
No 1 Jalan PJU 7/6, Mutiara government
Damansara, 47810 Petaling Jaya,
Selangor, Malaysia for the ˎrst
time in the
EdgeProp.my history of
Malaysia.
Managing Director/Editor-in-chief
Au Foong Yee

EDITORIAL
Executive Editor Sharon Kam
Editor Lam Jian Wyn

10 highlights
Deputy Chief Copy Editor
James Chong
Copy Editor Vanessa Gnanasurian
Senior Writers
Rachel Chew, Tan Ai Leng
Writers
Natalie Khoo, Shawn Ng
Art Director Sharon Khoh
Senior Designer Jun Kit
Designer Rajita Sivan

For New Launches/Events/

Press Releases/News Tips
email: editor@edgeprop.my

I
Tel: (03) 7721 8211 Fax: (03) 7721 8280

ADVERTISING & MARKETING
Associate Account Director,
Advertising & Marketing
Heidee Ahmad (019) 388 1880
Senior Account Manager
Ian Leong (012) 359 1668
Azoera Azami (016) 398 6904
Account Manager
Redzuan Abdul Marif (016) 845 9692
Marketing Support & Ad Trafˎc
Madeline Tan (03) 7721 8218
email: marketing@edgeprop.my
BUSINESS DEVELOPMENT
Manager Nimalen Parimalam
Account Manager Stannly Tan
PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY
Senior Manager Elizabeth Lay
t would probably be an
understatement to say the year 2018
has been an extraordinary year for
Malaysia. It goes down in history as
the year that saw the ˎrst change in
government in 60 years following
Pakatan Harapan’s victory in the 14th
General Election on May 9.
Since then, it has been a roller coaster
ride for all, as the new administration, the
public, the private sector, and the people
try to come to terms with the reality of
1
and those on the Bukit Bintang stretch as it
So sad, Ampang served the middle-income group who had
Park Shopping been taken with its potent mix of nostalgia
and value-for-money offerings. Nearby of-
Mall is gone… fice workers also frequented the place for
lunch and for shopping that was easy on
Kuala Lumpur’s oldest mall, Ampang the pocket.
Park Shopping Mall, which would have The mall has made way for the con-
turned 50 in 2023, shuttered its doors on struction of the Ampang MRT (mass rap-
Jan 1. id transit) station which is expected to
The mall held its own against the newer, be ready by 2022, and an underground
glitzier malls nearby such as Suria KLCC, walkway that will link it to the nearby
Pavilion Kuala Lumpur Shopping Mall, Ampang LRT station.

LOW YEN YEING | EdgeProp.my

Associate Omar Nawawi
how things have been working and how
For enquiries and listings
email: support@edgeprop.my things are going to work from now on.
Tel: (03) 7721 8174 / 8173
There has been a slew of announcements
EdgeProp.my pullout is published and statements made regarding new
by The Edge Property Sdn Bhd. It is
available with The Edge Financial policies and decisions, as many were
Daily every Friday. The pullout
is also distributed at more than
eager to make their stamp in running the
200 ofˎces, shopping complexes, country for the ˎrst time.
condos, medical centres and F&B
outlets in the Klang Valley. You can The news headlines since then have
also download it for free at
www.EdgeProp.my also been dominated by the charges
made against the former government and
former Prime Minister Datuk Seri Najib
The Edge Malaysia
Razak.
Publisher and Group CEO
Ho Kay Tat
Overall, the country’s economy is not
expected to pick up anytime soon. The
EDITORIAL
Editor-in-chief Azam Aris rakyat has been told that the country is
CORPORATE
Chief Operating Ofˎcer
deep in debt, so the days ahead will be
Lim Shiew Yuin challenging.
ADVERTISING & MARKETING
Chief Commercial Ofˎcer Taking a cue from the overall economy,
Sharon Teh (012) 313 9056
General Manager
the real estate sector has remained
Kingston Low (012) 278 5540 subdued while the government and the
Senior Sales Managers
Fong Lai Kuan (012) 386 2831 people continue to focus on affordable
Gregory Thu (012) 376 0614 housing and housing affordability.
Creative Marketing
Chris Wong (016) 687 6577 Let’s take a look back at some of the
Head of Marketing
Support & Ad Trafˎc
biggest property industry news that came
Lorraine Chan (03) 7721 8001 out of the year 2018.
Ampang Park Shopping Mall shuttered its doors on Jan 1.
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY EP 3

YE A R -E ND SP E CIA L

Calling all Stop! DBKL’s determined to fulfil the promises made

property dubious
managers, let’s land deals
get registered About a week after the General Election,
With the amendment to the Valuers, Ap- on May 16, Kepong MP Lim Lip Eng lodged
praisers, Estate Agents and Property Man- a report with the Malaysian Anti-Corrup-
agers Act 1981 that was passed on Oct 17, tion Commission (MACC) to investigate
2017 and gazetted on Jan 2, 2018, property 64 parcels of land totalling 424.29 acres
managers are required to register them- that are worth RM4.28 billion. The land
selves with the Board of Valuers, Apprais- parcels had been sold by Kuala Lumpur
ers, Estate Agents and Property Managers City Hall (DBKL) under the purview of the
(BOVAEP). former Federal Territories Minister, Datuk
Previously known as the Board of Val- Seri Tengku Adnan Tengku Mansor from
uers, Appraisers, Estate Agents Malaysia, 2013 to 2018.
BOVAEP will now regulate property man- Almost half of the land parcels had al-
agers in Malaysia. Prior to the amendment legedly been sold for the development of
of Act 242, the act allowed only registered Federal Territories Affordable Housing
valuers to conduct property management. (RUMAWIP) projects while the rest were
BOVAEP will provide training courses
to registered property managers to en-
for higher-end residential and commercial
products priced at market value, claimed
sure that they have sufficient knowledge Lim. All of the parcels were sold without
of related laws and regulations as well as open tender and most of them transacted
standard practices. at below the market price at that time and
without having gone through a valuation
report, he alleged.
On top of that, some of the developers
LOW YEN YEING | EdgeProp.my
during the General Election. By June, the
ministry was preparing to submit a Cabinet
paper on the proposal to place all affordable
housing agencies under a single entity
known as the National Affordable Housing
Council, for more efficient and effective
management and execution.
A few months later in October, the
ministry revealed the names of the agencies
that will be consolidated under the council:
1Malaysia People’s Housing Scheme
(PR1MA), UDA Holdings Bhd, Syarikat
Perumahan Negara Sdn Bhd (SPNB),
Housing Programme for the Hardcore
Poor (PPRT) and Malaysia Civil Servants
Housing Programme (PPAM).
Lower house
prices? SST in,
GST out
The new government abolished the Goods
and Services Tax (GST) on June 1 as prom-
ised in its election manifesto and then
declared a tax holiday until the introduc-
Better late
than never —
KL City Plan
2020 gazetted
On Oct 30, the Kuala Lumpur City Plan
(KLCP) 2020 was gazetted with little fanfare
and caught many by surprise. The public
can view the plan displayed at the Kuala
Lumpur City Hall (DBKL) headquarters on
Jalan Raja. Attached to the gazetted plan is
an addendum on the developments that
were contrary to the plan.
Federal Territories Minister Khalid
Abdul Samad said infringements in the
current plan and new additions would
be taken into consideration in the future
draft KLCP 2040 which would kick off next
year and is targeted to be gazetted by 2020.
To recap, the drafting of KLCP 2020
began in 1998 and was finalised in 2012.
However, it was not gazetted despite fre-
quent calls to do so. Many KL folks believe
that the failure to gazette the KLCP has
resulted in haphazard developments in
KL. In a news report last year, DBKL said
it was pointless to gazette it as it was due

who had bought the land parcels have al-
legedly failed to pay development charg-
es and the premium on the conversion of
land use, yet their projects were able to
commence, Lim told reporters.
A month later, the MACC seized docu-
ments connected to the sale of the 64 plots
from DBKL’s premises and 48 plots have
been cleared by the MACC as at July. The
remaining 16 plots have issues with either
their land titles or payments.
No money-lah
— MRT3 and
HSR scrapped
Almost immediately after it
came into power, the new
Pakatan Harapan govern-
ment announced that it was
reviewing all the mega pro-
jects in the country. A deci-
sion was made, to defer two rail transport
projects — the Kuala Lumpur-Singapore
High-Speed Rail (HSR), as well as the third
Klang Valley Mass Rapid Transit (MRT3)
Zuraida is the ˎrst female housing minister line.
in Malaysia’s history. The reason for slamming the brakes
on these two mega projects, the new gov-
ernment said, was that the costs involved
Hip, hip hurray! were just too high. The HSR would have cost
Change in RM110 billion while the MRT3 would have
cost between RM40 billion and RM45 billion.
government
tion of the Sales and Service Tax (SST)
on Sept 1.
Under the GST regime, there was a fixed
tax rate of 6% across every stage of the
supply chain. With the SST, the Service
Tax was 6% while the Sales Tax was 5%
and 10% depending on the type of goods.
The single-stage tax is imposed only at
production level.
It seems to have been implemented
hastily without a complete list of chargeable
items which took many business operators
and consumers by surprise. But what was
clear was that property (including land) is
not chargeable under SST. Also exempted
from tax are certain building materials
such as cement, sand and iron and con-
struction services.
In light of this, Finance Minister Lim
Guan Eng has urged developers to lower
the prices of the homes they build going
forward. In tabling Budget 2019 in Parlia-
ment on Nov 2, Lim revealed that the Real
Estate and Housing Developers’ Associa-
tion has agreed to cut house prices by up
to 10% on new projects.
Believe it or not?
Own a home by paying
only 20% of the price
to expire by 2020. It said it would instead
focus on the Kuala Lumpur Structure Plan
2050, but that was under the previous ad-
ministration.
No comment —
Tax revisions
The government made a few property-re-
lated announcements during the tabling
of Budget 2019 on Nov 2. These include
raising stamp duties for property transfers
worth more than RM1 million from 3%
to 4%, and revisions to the Real Property
Gains Tax (RPGT).
From January 2019, there will be an
RPGT of 10% (increased from 5% current-
ly) for companies and foreigners; and 5%
(0% currently) on locals, on property sales
conducted from the sixth year onwards.
However, RPGT is exempted for low
cost, middle cost and affordable housing
scheme units priced RM200,000 and below.
MOHD IZWAN MOHD NAZAM | THE EDGE

However, Prime Minister Tun Dr On Nov 2, Prime Minister Tun Dr Mahathir

and the Mahathir said the government may Mohamad launched FundMyHome.com, an
first woman to be reconsider the projects in future, when
the country’s financial situation improves.
innovative home-buying platform developed
by EdgeProp Sdn Bhd. Currently limited to first-
appointed housing Another mega project, the East Coast time homebuyers only, FundMyHome provides
minister Rail Line (ECRL), is still being studied. an alternative towards home-ownership.
The RM81 billion project spanning 688 This is how it works – homebuyers will need
The May 9 elections marked a change in km linking Port Klang and Kota Bharu to pay 20% of the property price to own the
government, after which a new cabinet was was launched last year and was slated for home, choosing from a wide array of high-rise
formed. Ampang MP Zuraida Kamaruddin completion in 2024. and landed homes of different prices (capped
made history as the first woman to be The project has been put on hold by at RM500,000) and locations showcased on
appointed Malaysia’s Housing and Local the present administration since July 3 to FundMyHome.com.
Government Minister. She is also chief of negotiate better terms with the China pro- The balance 80% of the property price is
Parti Keadilan Rakyat’s women’s wing. ject contractor — China Communications contributed by participating institutions. Af-
Zuraida has been an MP since the 2008 Construction Co Ltd (CCCC). ter five years, homeowners can choose to sell,
General Election, winning the seat of buy or refinance the home, sharing the returns
Ampang from Barisan Nasional, the ruling from any changes in the value of the home with
coalition then. She was re-elected in 2013 Just one will the institutions.
and in 2018.
In an exclusive interview with Edge do — National In the initial stage of the scheme, nine par-
ticipating developers are offering about 1,000
Prop.my after she was sworn in on May 21, Affordable homes priced below RM500,000. Following the
she spoke of being committed to upholding
the promises made in the Pakatan Harapan
Housing Council launch, criticism and concerns were raised
regarding the scheme, but only time will tell.
FundMyHome was launched by
Tun Dr. Mahathir Mohamad on Nov 2.
manifesto, including the formation of a The wheels began turning as soon as
National Affordable Housing Council. the new minister clocked in, as she was
EP 4 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY
YE AR-E N D S PE CI AL
RACI N G
SKY
towards the
2
B Y S H AW N N G
018 saw the completion
of several skyscrapers in
the country. According
to The Skyscraper Center
— the global tall building
database of the Council
on Tall Buildings and
Urban Habitat (CTBUH)
— notable skyscrapers
that were completed
during the year include
Four Seasons Place Kuala
Lumpur, Southpoint
Tower in Mid Valley City, W Hotel
Kuala Lumpur and Tropicana The
Residences, Elite Pavilion, Equatorial
Plaza (all in KL), The Astaka in Johor
and Arte S in Penang.
Unsurprisingly, most are located in
KL’s Golden Triangle and are all mixed
or integrated developments with retail,
hotel, offices and serviced residences
with the exception of the Arte S and the
Astaka condominium project.
Four Seasons Place Kuala Lumpur
is the tallest of the recently completed
skyscrapers, at a height of 343m. This
65-storey mixed development made
up of a retail podium, hotel and ser-
viced residences was completed by
Venus Assets Sdn Bhd in October 2018.
It was also exciting to see the com-
pletion of The Astaka in Johor and Arte
S in Penang. The Astaka is a residen-
tial twin-tower project at the RM5.3
billion One Bukit Senyum develop-
ment which is being undertaken by
Singapore-listed Astaka Holdings.
The
Astaka
Said to be one of the tallest residential
towers in Southeast Asia, it compris-
es a 70-storey and a 65-storey tower
of 278.8m and 255.6m respectively.
Arte S, on the other hand, was
developed by Nusmetro Group and
consists of a 49-storey tower and a
27-storey tower that houses 480 ser-
viced apartment units. The 49-storey
Tower 1 is 186m tall and is said to be
the tallest building on Penang Island.
Looking ahead, the skyline of major
cities in Malaysia is expected to grow
even more on the vertical axis, as the
country ushers in more skyscrapers. ASTAKA PADU SDN BHD
In Kuala Lumpur alone, at least five
Five notable skyscrapers
are slated for completion over the next
four years, namely Merdeka PNB118,
Exchange 106, 8 Conlay Kempinski
Hotel & Residences Kuala Lumpur, SO
Sofitel Hotel and Residences Tower
completed in 2018
in Oxley Tower and M101 Skywheel.
The most anticipated one is proba-
bly Merdeka PNB118 and the Exchange
106, which are expected to be com-
pleted in 2020 and 2019, respectively.
Upon their completion, the 492m-
tall Exchange 106 and the 630m-tall
Merdeka PNB118 will surpass the NO. BUILDING NAME LOCATION HEIGHT (M) FLOORS USE
452m-tall Petronas Twin Towers, 1 Four Seasons Place Kuala Kuala Lumpur 343 65 Residential, retail &
which has remained the tallest sky- Lumpur hotel
scraper in the country for over 20
2 The Astaka Tower A Johor Bahru 279 70 Residential
years and the tallest twin towers in the
world. When ready, Merdeka PNB118 2 The Astaka Tower B Johor Bahru 256 65 Residential
will become the tallest building in the 3 Southpoint Tower Kuala Lumpur 244 56 Residential & office
country, followed by Exchange 106
and Petronas Twin Towers. 4 W Hotel Kuala Lumpur and Kuala Lumpur 235 55 Residential & hotel
Let’s get to know some of these Tropicana The Residences
imposing architectural giants in our 5 Equatorial Plaza Kuala Lumpur 229.7 50 Office & hotel
midst. SOURCE: THE SKYSCRAPER CENTER, RESPECTIVE DEVELOPERS AND SAVILLS MALAYSIA
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
The Astaka
The Astaka is a twin-tower luxury
residential project in the RM5.3 billion
One Bukit Senyum development within
Johor Bahru.
With a gross development value (GDV)
of RM1.4 billion, the twin-tower pro-
ject — made up of the 70-storey Tower
A (278.8m) and the 65-storey Tower B
(256m) — offers 438 luxury residences.
According to Astaka Padu Sdn Bhd,
a subsidiary of developer Astaka
Holdings, The Astaka was completed in
June 2018 and is currently 70% sold.
W Hotel
Kuala Lumpur
& Tropicana
The
Residences
W Hotel Kuala
Lumpur and
Tropicana The
Residences
Located on a 1.28-acre freehold site on
Jalan Ampang, W Hotel Kuala Lumpur
and Tropicana The Residences is just a
stone’s throw away from the Petronas
Twin Towers.
According to its developer Tropicana
Corporation Bhd, the 55-storey building is
a 235m-tall mixed development consist-
ing of 150 hotel suites and 353 serviced
residences. The hotel opened its doors
in August this year.
The building was designed by
renowned architecture firm Skidmore,
Owings & Merrill LLP which also designed
the current tallest building in the world
– the Burj Khalifa in Dubai.
Four Seasons Place
Kuala Lumpur
Currently the second tallest building in
Malaysia next to Petronas Twin Towers
which stands adjacent to it, Four Seasons
Place Kuala Lumpur is a 65-storey
343m-tall mixed development.
Developed by Venus Assets Sdn Bhd,
the building comprises a 6-storey luxury
retail podium, a 209-key Four Seasons
Hotel, 27 units of hotel serviced residenc-
es and 242 units of Four Seasons private
residences.
According to the developer, the build-
ing was completed in October 2018 and
the private residences have enjoyed a
take-up rate of more than 70% to date.
Four
Seasons
Place KL
Southpoint
Tower
Equatorial Plaza
Equatorial Plaza is another exhilarating
skyscraper that has risen up from the
site of the former Hotel Equatorial Kuala
Lumpur at Jalan Sultan Ismail.
Consisting of 23 levels of office space
and 21 hotel levels, the 50-storey Grade A
building stands 229.7m from the ground.
The office component was completed in
September this year while the hotel is at
the tail end of the construction as at end
December 2018.
With a net lettable area (NLA) of about
460,000 sq ft, the office component has
recorded an occupancy rate of some 45%
to date with the entry of the world’s larg-
est co-working space provider WeWork,
fast moving consumer goods (FMCG)
companies and international banks, ac-
cording to Savills Malaysia, the leasing
consultant for the building.
YE A R -E ND SP E CIA L
Southpoint
Tower
Southpoint Tower is the final phase of the
iconic Mid Valley City development in
Kuala Lumpur by IGB Corporation Bhd.
Anchoring the southern tip of Mid
Valley City with a gross floor area of 2.26
million sq ft, the 56-storey mixed devel-
opment features a double-volume lobby,
Grade-A offices, serviced residences, a
grand ballroom and 1,600 car park bays.
The 244m-tall office tower features a
connecting walkway linking pedestrians
to the Abdullah Hukum LRT (light rail
transit) station and covered pedestrian
bridges to The Gardens Mall and Mid
Valley Megamall.
LOW YEN YEING | EdgeProp.my
ZGB CORPORATION BHD
Equatorial
Plaza
EP 5
Five tallest
upcoming
skyscrapers
in KL
(as at end-2018)
PNB MERDEKA VENTURES SDN BHD
Merdeka
PNB118
Merdeka PNB118
Expected to be completed in December 2020,
Merdeka PNB118 is poised to be the tallest build-
ing in the country and in Southeast Asia at 630m.
Being developed by PNB Merdeka Ventures
Sdn Bhd, which is a wholly-owned subsidiary of
Permodalan Nasional Bhd (PNB), Merdeka PNB118
is a 118-storey tower consisting of 83 floors of
Grade A office spaces, 16 floors of a luxury hotel,
three floors for an observation deck (including
a restaurant) and 16 floors of sky lobbies and
amenities, according to the developer’s website.
It also aspires to be a model for workplace safety
and sustainability. The tower is part of the Warisan
Merdeka development comprising the tower, a re-
tail mall and three blocks of serviced apartments
within the vicinity of Stadium Merdeka in KL.
Exchange 106
The Exchange 106 is the crown jewel of the RM40
billion Tun Razak Exchange (TRX) development
in KL.
Standing 492m-tall on 3.42 acres of land, the
106-storey building has a total NLA of 2.6 million
sq ft, which will be made up of office spaces, retail
podium and sky bars.
According to its developer Mulia Property De-
velopment Sdn Bhd, the building is expected to
be completed by the second quarter of 2019. It
will be directly connected to the SMART Tunnel,
the Maju Expressway, the TRX MRT (mass rapid
transit) station and pedestrian links to adjacent
offices, park and retail centres.
CON T I N UES N EXT PAGE
EP 6 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

YE AR-E N D S PE CI AL

Five tallest upcoming skyscrapers (continued)

Five tallest upcoming skyscrapers in KL
(as at end-2018)
8 Conlay NO. BUILDING NAME HEIGHT FLOORS USE ESTIMATED
(M) COMPLETION
1 Merdeka PNB118 630 118 Office & hotel 2020
2 The Exchange 106 492 106 Office & retail 2Q2019
3 SO Sofitel Hotel and Residences 341 78 Residential & hotel 2023
Tower in Oxley Towers
4 M101 Skywheel 319 78 Residential, 2022
retail & hotel
5 8 Conlay Kempinski Hotel 309 68 Residential & hotel 2021
& Residences Kuala Lumpur
SOURCE: THE SKYSCRAPER CENTRE, RESPECTIVE DEVELOPERS AND WEBSITES

Oxley Exchange
Towers 106

KSK LAND SDN BHD OXLEY HOLDINGS (M) SDN BHD MULIA PROPERTY DEVELOPMENT SDN BHD

8 Conlay Kempinski SO Sofitel Hotel and M101 Skywheel

Hotel & Residences
Kuala Lumpur
Sitting at No. 8, Jalan Conlay, the 8 Conlay
integrated development will introduce
another sky-high landmark in the city,
the Kempinski Hotel & Residences Kuala
Lumpur, by 2021.
Comprising 260 hotel rooms and 300
serviced suites, the 309m-tall, 68-storey
building is Tower C of the RM5.4 billion
tri-tower 8 Conlay development located
on a 3.95-acre site, said developer KSK
Land Sdn Bhd.
8 Conlay also features lifestyle retail
quarters and two towers of branded residen-
Residences Tower in
Oxley Towers
Another skyscraper that is set to change
the KL skyline in the next few years is the
78-storey SO Sofitel Hotel and Residences
Tower at Jalan Ampang.
Slated to be ready by 2023, the
341m-tall, mixed-use tower is part of the
Oxley Towers development by Singapore-
listed developer Oxley Holdings Ltd.
Sitting on a 3.11-acre freehold site, the
project has an estimated GDV of RM3.5
billion and consists of three soaring
towers, namely the SO Sofitel Hotel and
Residences; the 49-storey Jumeirah Hotel
While it may not be the tallest building
on the list, the 78-storey M101 Skywheel
will have something else to stun everyone
when the 319m-tall building is complet-
ed in 2022.
Upon completion, the iconic project
by M101 Holdings Sdn Bhd will see the
world’s highest ferris wheel — Sky Ferris
Wheel — on the 52nd level, offering a
vantage point 220m above the ground.
On top of that, the RM2.2 billion pro-
ject will also feature the world’s highest
shopping experience with a SkyMall from
the 50th to the 52nd level offering over
200,000 sq ft of retail and the first Planet
Hollywood Suites in Asia.
M101 HOLDINGS SDN BHD

ces dubbed YOO8 serviced by Kempinski
which are expected to be completed in
2020.
and Residences Tower (233.6m); and the
29-storey Signature Office Tower and retail
podium (155.5m).
According to Oxley Holdings (M) Sdn
Bhd, a subsidiary of Oxley Holdings, the
project has incorporated the concept of
Malaysian “weaving” arts into its design
to create sustainable, high performance M101
and efficient buildings with the use of Skywheel
state-of-the-art technology in construc-
tion and operations.
EP 8 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

YE AR-E N D S PE CI AL

Challenging 2018,
hopeful 2019
T
Malaysians started 2018 BY EDGEPROP.MY has been contributing significantly to Describe 2018 in one word:
domestic consumption and income. MESMERISING
full of apprehension. he consensus seemed The focus of demand drivers could pos-
Our attention was to be disappointment sibly be more reliant on the growth in Describe what 2019 would be like in
with the subdued per- the manufacturing and service sectors. one word:
riveted during the formance of the local 3. Keeping space reinvention in check — As METAMORPHOSIS
14th General Election, property market in sales, occupancy rates and rental yields
after which we were 2018 and that the cur-
rent challenges will
are squeezed by the stagnant market,
developers and owners are becoming
rewarded with a new continue to plague more creative in the search for rental Previndran Singhe
government. It was the sector, while new
ones appear — oversupply, affordability,
income. For instance, residences are
offering short-term rentals; serviced Zerin Properties CEO
like hitting the refresh end-financing and overall economic slow- apartment developments are offering
button for the country, down, among others. Many believe the retail spaces for lease; and office owners
challenging environment will prevail for are creating co-working spaces that offer
and the patriotic spirit some time, considering the lack of growth 5-star hospitality services. Problems of
of Malaysians soared catalysts in the near term. public safety, public liability and conflict
Nevertheless, some industry experts are of usage with different property users
to an all-time high. optimistic about the future, banking on the will arise and the challenge will be to
But the euphoria wisdom of the new leadership in Malaysia change existing laws and regulations to
which is focused on bringing down property cover such activities.
did not liven up the prices and to facilitate the development of
sluggish economy and more affordable housing, while aiming to Market catalysts
the equally lethargic create a more transparent business envi-
ronment which will in turn improve con-
Challenges will also be catalysts.
1. Fall in house prices will boost demand,
property sector. sumer and investor sentiments. leading to new housing starts. The gov-
EdgeProp.my delves into their thoughts ernment expressed its intention to re-
on the country’s property market in the duce compliance costs in the upcoming Top three challenges for the property
In view of the change in days to come. National Housing Policy 2.0. Such costs market in 2019
government and in the could be borne by utility companies and 1. Sentiments in the market fueled by
not passed on to buyers. If state land is dampened economy, which is caused
spirit of a new Malaysia, alienated for affordable housing and by falling oil price, low oil palm prices
EdgeProp.my asked 19 Foo Gee Jen outmoded utilities are removed, there and global uncertainties.
will be a significant difference in future 2. Threat of rising unemployment as com-
real estate consultants CBRE|WTW managing house prices. panies downsize, while artificial intelli-
and three real estate- director 2. Declining consumer expenditure will gence replaces jobs in the IT and support
encourage innovation in retailing to service sectors thus impacting purchas-
related organisation encourage consumer spending. For ex- ing power and market confidence.
leaders about their ample, there will be more direct selling 3. Lack of clarity in government policies.
thoughts on 2018, from suppliers to consumers through
e-commerce. Also, if the manufacturing
This will lead to further confusion and
lack of understanding in the market.
and to list the major and service sectors become the engines
challenges they foresee of economic growth (instead of mega
infrastructure projects), a new up-cy-
Market catalysts
1. The exemption of stamp duty is expected
for the property sector cle in the industrial property sector will to act as a big catalyst in the property
in 2019. commence. market.
3. Market innovation and adaptation 2. More crowdfunding platforms are ex-
will introduce new ways of providing pected to bring more investors into the
goods and services and reduce prices. market.
Unfortunately, existing investors and 3. The trade war is poised to make Malaysia
stakeholders are liable to lose some a hub for trade and logistics not just for
returns in the short-term due to high- the Southeast Asia region but also for
Top three challenges for the property er commitment cost in the early stage. Northern America.
market in 2019 Nonetheless, there are potential re-
1. Housing affordability continues to be turns in the long-term due to improved Advice for investors
a concern. The challenge is to bring productivity and resource efficiency. The current market provides an oppor-
down prices by 40% to 50% for housing tune time for one to buy property as ask-
to be truly affordable for the majority Advice for investors ing prices have dropped, especially for
of the M40 and B40 population. We will Be open to change and innovation. Accept medium to long term investors. Industrial
need to correct the supply and demand the immediate costs of restructuring busi- sector is my main pick, but there are also
mismatch in the market, bring down ness practices. In the longer term, as pric- opportunities in Grade A strata offices
house cost, improve financial capacity es fall to more affordable and sustainable in the suburbs where there is demand
of Malaysians and enhance execution at levels, sales will boom. but little supply. For residential property,
federal level — all of which are structural New rules and regulations are needed transit-oriented developments (TODs)
in nature and would need time and in the new market place. Instead of op- or those located close to public transport
effort to delineate. posing the entry of new players and ways are recommended. I do like second-tier
2. Potential decline in domestic expendi- of doing business, existing players should developers which are selling at a discount
ture — Putting mega infrastructure pro- suggest new provisions that will address to premium developers. Notwithstanding,
jects on hold will substantially reduce the interests of customers/buyers as well premium developers are offering good
cash circulation in the economy which as new market segments. deals now.
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Describe 2018 in one word:
HOPE There is hope for all of us, due to
the change in government.
Describe what 2019 would be like in
one word:
CHANGE Next year is expected to bring
many changes — we are going to see prop-
erty crowdfunding, regulations for cryp-
tocurrency and no more corruption on a
large scale. And by the second half of the
year, things are expected to be more pos-
itive after everything has fallen into place.
Eddy Wong
Nawawi Tie Leung Property
Consultants Sdn Bhd
managing director  CEO and chief real estate
Top three challenges for the property
market in 2019
1. The oversupply situation in the office,
retail and residential market sectors —
Of particular concern is the residential
overhang. As at 2Q 2018, there is an
overhang of 29,227 units, defined as
units that are unsold nine months af-
ter completion. If you add unsold units
under construction, and unsold units
that have not started construction, the
total number of unsold units is some
126,118; about 41% of total launched
units!
2. Part of the reason for the huge number
of unsold properties is the low afforda-
bility or purchasing power of the gener-
al population especially in the B40 and
M40 segments. Raising the household
income level should be the govern-
ment’s objective as it will be the key to
resolving the home ownership issue.  foreign spending and better business op-
3. Slowdown in the economy due to global
headwinds — The China-US trade war,
rising interest rates, and the weak ring-
git.
Market catalysts
Market sentiment will improve when
the new government is ready to increase
spending on infrastructure projects. No
doubt the global market outlook will af-
fect the Malaysian market, but domestic
consumption contributes a substantial
portion of the country’s GDP. We should
be less concerned about the budget deficit
and do more to stimulate the economy
in light of the fragile global economic
outlook.
Advice for investors
The current market slowdown is a good
opportunity to shop around and buy prop-
erty, especially if it is for own stay. Devel-
opers are now offering discounts and in-
centives to move sales. This is the best
time to pick up bargains as property is
a long term investment and the market
will eventually recover. Look for proper-
ties that are well connected, and located
in a neighbourhood with good access to
amenities.
Describe 2018 in one word:
SUBDUED Because the market was very
slow in 2018 and everyone was being very
cautious.
Describe what 2019 would be like in
one word:
CHALLENGING The year is expected to
be challenging because we expect a lot of
global headwinds to affect our economy.
We think the market will continue to be
challenging unless the government takes
steps to stimulate the economy.
Adzman Shahԝ
Mohd Arifˎn
ExaStrata Solutions Sdn Bhd
consultant
Top three challenges for the property
market in 2019
With the new government and Malaysia
Baru spirit in place, I expect three
challenges for the property market in
2019, namely the oversupply of affordable
housing on top of existing supply of
regular priced housing; difficulty for the
young and first-time buyers to obtain end-
financing due to prior high commitments;
and the absorption of oversupply of
office space affecting the investment
market — this baggage from 2018 will
have an impact on 2019, and even
into 2020.
Market catalysts
Investment in major infrastructural pro-
jects and promotion of tourism will draw
portunities.
Advice for investors
If one has the opportunity, it would be
good to consolidate the portfolio and only
keep properties that are giving reasonable
returns.
Describe 2018 in one word:
ARDUOUS Because it has been rather
challenging economically, socially and
politically.
Describe what 2019 would be like in
one word:
ASSIDUOUS Because it will continue to
be challenging and will require a careful
approach.
YE A R -E ND SP E CIA L
Chen King Hoawԝ
Landserve Sdn Bhd
managing director
Top three challenges for the property
market in 2019
The top three challenges that the Malaysian
property market is expected to face in 2019
are property glut, tight lending policies by
financial institutions and poor market sen-
timent as investors stay on the sidelines.
Property overhang is at its record high
and the increases in Real Property Gains
Tax (RPGT) and stamp duty for transfer of
property valued at over RM1 million, which
were announced in the recent Budget 2019
is not going to help the situation, particu-
larly in the mid- and high-end segments.
Against this backdrop, we can only expect
financial institutions to be cautious.
Market catalysts
High-impact public infrastructure pro-
jects such as the mass rapid transit (MRT),
light rail transit (LRT) and highway devel-
opments would be the catalysts in 2019.
Many developments have been planned,
built and completed near the stations,
so the completion of these rail projects
would boost demand for these proper-
ties. Meanwhile, new highways will open
up new areas, generating new opportu-
nities. We also hope that other high-im-
pact projects which attract foreign direct
investments (FDI) will take off in 2019 as
we need foreign investors to come back.
Advice for investors
Property buyers or investors need to be
very clear with their investment objective.
Set your budget and definitive criteria for
choosing the property and consult estate
agents. While there are many options in the
market today, investors may get confused
without proper guidance. For those look-
ing for property for own use, there will be
ample opportunities in the market. It is a
good time to consider upgrading. For those
who are investing purely for capital and/or
rental returns, our advice is to be cautious.
Describe 2018 in one word:
SUBDUED There have been uncertainties
throughout 2018, particularly after GE14
and that is understandable as it is the first
time in 60 years that we saw a change of
government. Despite the euphoria of Ma-
laysians over the change, investors are ex-
tremely cautious. How is the Malaysian
economy going to perform? What will our
foreign policies be under the new govern-
ment? Greater clarity is what investors need.
In the interim, many stay on the sidelines.
Describe what 2019 would be like in
one word:
CAUTIOUS We expect the market to re-
main subdued in the first half of 2019.
Property developers selling mid- to high-
end properties will have a lot of work to
do to lure buyers.
EP 9
Tang Chee Meng
Henry Butcher Malaysia
chief operating officer
Top three challenges for the property
market in 2019
1. Looming oversupply in the office and
retail sectors in the Klang Valley will put
more pressure on occupancy rates and
rentals.
2. Sluggish sales take-up in the residen-
tial sector, caused by weaker consumer
sentiment exacerbated by global uncer-
tainties and slower economic growth.
Meanwhile, potential buyers continue
to face difficulty in securing maximum
loan margins.
The increased stamp duty rate for
properties priced above RM1 million
and the imposition of the RPGT on prop-
erties sold after five years will dampen
the higher-priced residential proper-
ty segment. Despite developers’ pivot
to affordable homes, the high rate of
withdrawals are a problem, as poten-
tial buyers face difficulties in securing
the required loan margin and coming
up with the loan differential sum.
3. As banks adopt a more cautious stance,
property developers, especially the
smaller ones without a strong track
record, will find it more challenging to
obtain bridging/financing facilities for
their projects.
Market catalysts
There do not appear to be any major
catalysts for the market in 2019.
Uncertainties on the global stage such as
the China-America trade war, if resolved,
may raise prospects of better economic
performance and improved investor and
consumer sentiments. This may, in turn,
provide a boost to the property market. The
stamp duty exemptions announced under
Budget 2019 for first time purchasers
are expected to provide a boost to the
residential property market especially
in the first half of 2019. The allocation of
RM1.5 billion to build affordable homes,
and the further RM1 billion via Bank
Negara to help first-time home buyers
with monthly household incomes of less
than RM2,300 to finance purchase of
homes costing less than RM150,000 at a
lower interest rate of 3.5% should help
boost demand and building activities in
the affordable homes segment.
Advice for investors
1. Buy for long-term investment and not
for speculation.
2. Carry out your homework before in-
vesting.
3. Check with professionals and obtain
proper advice before deciding.
4. Invest in established locations or growth
areas.
5. Buy from established developers with
a good track record.
CON T I N UES N EXT PAGE
EP 10
YE AR-E N D S PE CI AL
FR O M P R E V I O U S PAG E
Describe 2018 in one word:
CHALLENGING The property market in
2018 although challenging, has remained
relatively stable with no drastic drop in
values.
Describe what 2019 would be like in
one word:
SUBDUED The property market in 2019
in the absence of any major catalysts, will
remain subdued.
Ng Weng Yew
Metro REC Sdn Bhd
(formerly known as One
Sunterra) managing director
Top three challenges for the property
market in 2019
1. Purchasers still face difficulties in obtain-
ing loans for property purchases — The
current and proposed government-in-
itiated financing measures/incentives
are limited and mainly targeted at the
B40 group, but the M40 — being the
biggest social group — is the hardest
hit, as such financing measures elude
them.
2. Oversupply of similar products in
selected locations — Being spoilt for
choice may inevitably lead to down-
ward pressure in property prices and
rentals.
3. Economic factors — On the local front,
protracted property affordability is-
sue beset by weak stock market and
price falls in major commodities (such
as crude palm oil) whilst on the glob-
al front, economic volatility from the
US-China trade war will affect our fi-
nancial and economic sectors.
Market catalysts
1. Government-initiated financial meas-
ures/incentives for affordable homes/
unsold completed supply such as
stamp duty exemption for first time
home buyers, developer’s discount,
crowdfunding platforms such as Fund-
MyHome.
2. New government with perceived
‘Malaysia Baru’ virtues — Transparency
and sound governance can enhance
FDIs and thus attract foreign property
investors to consider local real estate.
3. Global real estate pulse — Property mar-
kets in developed and major emerging
countries (Malaysia included) are closely
related due to flowing of funds across
borders and asset allocations by major
global institutions. Improvements in
major global real estate markets may
catalyse similar improvements in the
local property market.
Advice for investors
In view of the property overhang and
affordability predicament, the current
property climate favours buyers/in-
vestors (buyers’ market) where one
can look for purchases that fit one’s
budget and objective. Property pric-
es may adjust further for an equilib-
rium between supply and demand.
However this process will take some
time, basing property purchase on
at least the medium term horizon
(> 3 years) will allow buyers to ride
out any downward price movement.
Describe 2018 in one word:
SLUGGISH The market has been slug-
gish in terms of both transactions and
prices as buyers stay on the sidelines due
to uncertainties on the political and eco-
nomic front.
Describe what 2019 would be like in
one word:
OPPORTUNITY For buyers looking
for good deals, as prices may adjust
downward by 10% or more at selected
locations.
Dr Jason Teoh
Poh Huat
Henry Butcher Malaysia
(Penang) director
Top three challenges for the property
market in 2019
1. Concerns over the global econo-
my including fallout from the Chi-
na-America trade war as well as an
overall global economic slowdown.
Malaysia, being an open economy, is
equally vulnerable. Making Malaysia a
choice investment destination based
on innovation and technology has to
take precedence as a contributing
platform for growth.
2. The current weak sentiment requires
urgent and in-depth thought lead-
ership in finding practical solutions
towards revitalising the property mar-
ket. Affordable housing dominates the
headlines.
3. Sustainable solutions for Malaysian cit-
ies due to rapid urbanisation. Adapting
real estate projects and infrastructure
to build affordable and liveable urban
spaces is now imperative.
Market catalysts
Infrastructure is essential to securing
Malaysia’s future competitiveness
and liveability. Adequate and well-
functioning infrastructure connects
people to jobs, goods and services,
provides access to international markets,
facilitates the flow of information and
ideas, thereby promoting economic
growth.
Advice for investors
The current climate has untapped poten-
tial. Given the rapid rate of urbanisation
and a young demographic population,
there are numerous niche opportunities
in the market worth exploring.
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY
Describe 2018 in one word:
CAUTIOUS
Describe what 2019 would be like in
one word:
CAUTIOUS OPTIMISM
Lim Lian Hong
Raine & Horne International
Zaki + Partners Sdn Bhd
executive director 
Top three challenges for the property
market in 2019
1. New Malaysia has brought about new
hope and high expectations. But the
civil service is still operating in the old
mode and may cause a delay in the de-
cision-making process be it at federal
or state level, which will hamper the
property market.
2. The 5% RPGT to be charged on property
transactions after five years irrespective
of when it was bought will deter people
from selling their properties. Tradition-
ally, RPGT was to curb speculation and
was charged for transactions below five
years.  NAPIC’s data, the total supply of pri-
3. Property prices that are beyond the
reach of the average wage earner.  2Q2018 was 8,360,961 sq m (89,997,384
Market catalysts
Need to stimulate the economy. Create
more jobs and raise income levels.  Southeast Asia.
Advice for investors
Every deal will have its pros and cons. So
one is advised to look at yields, returns
and cost of maintenance of the property
that they are interested to buy.
Describe 2018 in one word:
QUIET The number of transactions has
dropped due to quiet business activity in
both evaluation and real estate. Besides
the high loan rejection rates, asking prices
are high while buyers offer lower prices,
resulting in a big gap.
Describe what 2019 would be like in
one word:
CHALLENGING Next year is expect-
ed to be challenging, because primarily,
our national debt is still high. Secondly,
the cost of doing business has inflated as
the weak currency has made import of
construction materials more expensive.
On the political front, I believe there will
be changes in policies while there may
be some instability in certain states like
Kedah.
James Wong
VPC Alliance (Malaysia)
Sdn Bhd managing director
Top three challenges for the property
market in 2019
1. Coping with the building of affordable
housing — In the 2019 Budget, it was
announced that 200,000 units of afforda-
ble housing will be built by 2020 and
that five government affordable hous-
ing agencies including PRIMA, will be
under the jurisdiction of the Ministry of
Housing and Local Government (KPKT).
The challenge is in the implementation
towards more effective construction and
marketing of affordable housing and to
have more research done to ascertain
the supply and demand, to determine
consumer preferences and affordability
levels to ensure a higher take-up rate
for affordable housing.
2. New taxes — Stamp duty and RPGT
increases may affect property players’
decision to buy or sell in 2019 and may
result in lower volume of property trans-
actions in 2019 and further contribute
to the property overhang.
3. Oversupply of offices — According to
vate purpose-built offices in KL alone in
sq ft) while the incoming supply was
1,149,235 sq m (12,370,365 sq ft). KL
has one of the highest office stocks in
With a further slowdown of the
Malaysian economy expected in 2019
and competition for new tenants coming
from co-working spaces, there will be
more pressure for building owners to
reduce office rents.
Market catalysts
1. Integrated road and rail links — The
new integrated road and rail links
such as the Shah Alam Elevated Ex-
pressway, Sungai Besi-Ulu Kelang
Elevated Expressway with MRT 1 &
2 and LRT3 will improve connectivi-
ty between KL City Centre and other
parts of the Klang Valley. The major
MRT and LRT stations provide oppor-
tunities for TODs such as those in KL
Sentral, Damansara Town Centre and
Cheras.
2. New logistics hubs — With the big in-
crease in FDIs in 2018, high demand
for modern warehousing from online
shopping companies and the de-
mand for new cold rooms, are oppor-
tunities to build new logistics hubs.
Generally, there is a short supply of
modern warehousing and new hubs
which will attract such industries.
3. Retirement villages — By 2020, the
number of Malaysians aged 60 and
above is expected to reach 3.5 million
and 6.3 million in 2040, amounting to
about 20% of the population. Hence,
there is pent-up demand for retire-
ment villages to cater for able-bodied
seniors who want to enjoy communal
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
and lifestyle living in their retirement
years. Retirement villages will act as
a catalyst for community hospitals,
shops and recreation facilities.
Advice for investors
For first time buyers and buyers of afforda-
ble housing, there are certain incentives
and interest rebates in Budget 2019 that
they can take advantage of. In a buyers’
market, there are multiple choices from
various developers and consumers can
take advantage of the high price discounts,
especially from completed developments.
Describe 2018 in one word:
CHALLENGING
Describe what 2019 would be like in
one word:
CONSOLIDATION
YY Lau
JLL Property Services
(Malaysia) Sdn Bhd country
head and managing director
Top three challenges for the property
market in 2019
1. Ensure resolution and clarity in com-
munication of 1MDB-related issues
at national and international levels to
correct negative perceptions of the past.
2. Checks and balances, preventive meas-
ures such as upholding transparency to
be clearly communicated to the public
to restore investors’ confidence.
3. Changes in policies will result in a cau-
tious stance by the industry, buyers and
investors, including changes in RPGT,
stamp duty, and Common Reporting
Standard. Meanwhile, global devel-
opments (China-America trade war)
and competition from other emerging
markets, such as Vietnam, may cause
Malaysia to lose market share.
Market catalysts
Approved foreign investment has in-
creased significantly as of June 2018. Im-
proving or keeping up with this momen-
tum will bring better FDI in 2019. Malaysia
leaped nine places to the 15th spot in the
World Bank’s Doing Business 2019 Report.
The government has announced plans to
further remove obstacles in doing busi-
ness, especially for foreign investors. Do-
mestic investors will benefit from similar
empowerments. The Domestic Invest-
ment Strategic Fund, for example, can
aid and improve local companies and in-
crease domestic investments.
Crowdfunding proposed under Budget
2019 and the availability of more afforda-
ble housing are important catalysts to the
residential market.
Advice for investors
The property market now has many op-
portunities. Prices and capital values in
various sectors are more attractive than
before. Buyers and investors should eval-
uate the market or increase their asset
portfolio at this opportune time. In the
Klang Valley, while the KL central busi-
ness district (CBD) continues to thrive, the
focus on KL fringe locations is rising and
decentralised locations such as Petaling
Jaya are seeing growing interest.
Describe 2018 in one word:
UNEXPECTED
Describe what 2019 would be like in
one word:
HOPEFUL
Sarkunan
Subramaniam
Knight Frank Malaysia
managing director
Top three challenges for the property
market in 2019
1. In the residential segment, providing
affordable homes will remain the key
challenge in 2019. There is a mismatch
in supply and demand in terms of avail-
able housing products (overhang/un-
sold units) and affordability level. Many
first-time homebuyers have been priced
out as home price growth outpaced in-
come growth.
2. The implementation of the financial
schemes, assistance and programmes
that aim to help the M40 (middle
40%) and B40 (bottom 40%) groups in
their loan applications, deposits and
repayment schemes under the second
National Housing Policy 2.0 (NHP 2.0)
is expected to be a challenge.
3. On the commercial front, the current
oversupplied market in the office sec-
tor will continue into 2019 and beyond,
as more new supply are completed.
The tenant-led market will put further
pressure on both rental and occupancy
levels as there is no immediate cata-
lyst to boost demand in the short term.
However, with renewed business con-
fidence and as more clarity in the pol-
icies of the new government unfolds,
we expect higher levels of local and
foreign investments moving forward, a
positive for the economy in the mid- to
long-term.
Market catalysts
1. The exemptions and initiatives tabled
in Budget 2019, in particular the waiv-
er of stamp duty are expected to kick-
start the housing market moving into
2019 and beyond. First-time home
buyers will benefit from the waiver on
instruments of transfer and the loan
agreement via reducing home financ-
ing costs. Subsequently, overhang in
residential properties that fall under
the exempted price category are ex-
pected to be reduced.
2. Confidence returns to Malaysia as more
YE A R -E ND SP E CIA L
clarity in the policies of the new govern-
ment unfolds.
Advice for investors
Economic reforms by the new govern-
ment is expected to improve the country’s
growth trajectory. In the residential seg-
ment, potential buyers and investors are
encouraged to take advantage of exemp-
tions and initiatives, such as the stamp
duty waiver and developers’ rebates and
discounts. However, buyers and inves-
tors need to understand the particular
sub-property market in specific locations
before making their decisions, and should
purchase properties from credible devel-
opers.
Describe 2018 in one word:
HOLDING-ON
Describe what 2019 would be like in
one word:
CLEARING
Stanley Toh
Laurelcap Group of
Companies executive
director
Top three challenges for the property
market in 2019
1. New government’s austerity drive which
saw huge infrastructure projects such
as the High Speed Rail (HSR) cancelled
or put on hold will stunt economic
growth.
2. Budget 2019 unveiled new fiscal policies
which will impact the property market,
such as the revised RPGT rate.
3. Stamp duty increase from 3% to 4% for
transfer of properties that are RM1 mil-
lion and higher
These last two will affect the sub-sale mar-
ket for 2019. Most sellers holding property
for a long time (>5 years) will be reluctant
to offload their properties due to the in-
crease of RPGT from 0% to 5% for citizens
and permanent residents.
Market catalysts
The property market will be driven largely
by the affordable residential segment and
not the high-end market.
Advice for investors
I advise bargain hunting, especially with
unsold developer’s units. Due to the 5%
rise in RPGT, many sellers will likely
be reluctant to sell off their property. If
they do, it will be added on to the selling
price, rendering the property unattrac-
tive to many purchasers. Thus, buyers
will instead purchase properties from
developers which are giving discounts,
helping to soak up the overhang of un-
sold stock.
Describe 2018 in one word:
CHANGE
EP 11
Describe what 2019 would be like in
one word:
CHALLENGING
Lim Boon Ping
Malaysian Institute of Estate
Agents (MIEA) president elect
Top three challenges for the property
market in 2019
1. How to keep the property market vibrant
while managing price hikes. It’s always
a tug of war between the two. When the
market gets vibrant, property prices in-
crease, leading to affordability issues.
On the other hand, too many cooling
measures may affect many other in-
dustries related to real estate. 
2. How to ease the lending process, but
still ensure that only those who can af-
ford to, obtain bank loans. While many
complain about the stringency of the
current lending policy, the bank has to
ensure that the people who borrow are
truly qualified. 
3. The reach of affordable housing to those
who need them. Although there are
many so-called affordable housing pro-
jects in the market, are they really ‘af-
fordable’? 
Market catalysts
Te c h n o l o g i c a l i n n o v a t i o n a n d
crowdfunding will change the way
properties are transacted or owned.
For instance, developers have started
to sell their properties through online
shopping portals like Lazada and through
the FundMyHome scheme. Developers
are trying to incorporate Real Estate
Investment Trusts, or issue bonds
through Special Purpose Vehicles into
home ownership in Malaysia. All these
will bring a paradigm shift to the property
landscape. 
Advice for investors
It doesn’t matter when you bought your
property, it matters when you sell. As long
as you hold your property long enough, it’s
almost an assurance that you will make a
profit out of it.
Describe 2018 in one word:
UNCERTAINTY
Describe what 2019 would be like in
one word:
RECOVERY The property market has
actually started to shrink since 2012. We
believe the market has hit rock bottom in
2018, in light of the weakened market senti-
ment and uncertainties from the change in
government and its new policies. In 2019,
people will have a better and clearer direc-
tion as to how the new government is going
to run the country, including the policies
affecting the property sector. Business con-
fidence will improve as a result of greater
transparency and better governance.
CON T I N UES N EXT PAGE
EP 12
YE AR-E N D S PE CI AL
FR O M P R E V I O U S PAG E
Michael Kong
Association of Valuers,
Property Managers, Estate
Agents and Property
Consultants in the Private
Sector Malaysia
(PEPS) president
Top three challenges for the property
market in 2019
1. Controlling house prices — REHDA
members will reduce house prices by
10% which is one way to liven up the
property market. Sales and Service Tax
(SST) exemptions could help reduce
house prices by reducing the cost of
developing houses. However, there are
other costs and fees to be paid, such as
land, financing, compliance and profes-
sional fees. The government should look
at reducing the statutory contribution
and compliance costs paid by develop-
ers and ensure a clear, transparent and
rapid approval process.This would also
minimise mistakes, faults and delays. For
instance, a direct release mechanism
can be effected for unsold bumiputra
units within a certain time frame.
2. Financing — Stamp duty exemption is
good news for Malaysians looking to
own a house. Unfortunately, the tight-
ening of lending by banks is deterring
first time house buyers. We shouldn’t
blame the banks because most first
time house buyers do not qualify for
the loan or pass the credit assessment.
Some parties are experimenting with
crowdfunding the purchase of houses.
This has to be carried out carefully to
avoid aggravating the debt situation.
3. Affordable housing — One of the new
government’s pledges is to build 1 mil-
lion affordable homes within two terms.
Demand is high but homes must be in
the right location, with easily accessible
amenities, facilities and public transport.
A proper definition of “affordable” is
needed. Housing developers are capable
of offering affordable homes, but they
are hesitant as it is a segment with low-
er profit margins. However, this should
not be a deterrent if the government
offers incentives for them to develop
affordable homes.
Market catalysts
The new government will be one of the
main catalysts for the property market in
2019. If the current government could do
what the previous government failed to
accomplish, it will help strengthen the
market. Eliminating leakages, implement-
ing bold policies and fair practices to lev-
el the playing field will bode well for the
market in the long run.
Advice for investors
This is a good time to buy your dream
property IF you can afford it as the prop-
erty market has softened, relative to the
boom years. However, one must conduct
thorough research before buying a prop-
erty. Check the current market value, work
out the financing commitments, inspect
the property carefully and explore the exit
options. It is crucial to understand the dy-
namics of the locality.
Describe 2018 in one word:
MODERATE Malaysia’s economy ex-
panded 4.9% in the first half of 2018 com-
pared to 5.7% the previous year and is ex-
pected to moderate further in 2019. The
property market recorded a marginal de-
cline in the first half of 2018 in line with a
challenging economic and financial sit-
uation. According to the Valuation and
Property Services Department, a total of
149,889 transactions worth RM67.74 bil-
lion were recorded in 1H2018, showing
a decrease of 2.4% and 0.1% respective-
ly from the same period last year. Many
major developers experienced a fall in
share prices, with some up to 30%. Many
potential causes exist, such as the over-
hang situation, affordability issues, loan
rejections and median wage.
Describe what 2019 would be like in
one word:
CAUTIOUS Going into 2019, the ap-
proach would be cautious due to the chal-
lenging national debt situation. The over-
hang situation would take time to resolve
while the general economy is expected to
moderate.
CY Kok
Oregeon Property
Consultancy director
Top three challenges for the property
market in 2019
1. More controls and restrictions to be
implemented as the new government
will need to rebuild the structure within
a very short period of time.
2. New system or policies may negatively
impact existing investors, who made
decisions based on the old system.
3. The desperate need to find a solution to
the oversupply of high-end and high-
rise residential units as prices are get-
ting out of control and the people who
need a house are not able to own one.
Market catalysts
The control of supply — The increase in
supply of affordable houses will let the
people who really need a house to own a
house. By decreasing the supply of high-
er-end high-rise residential units we
might bring prices under control
Advice for investors
As the market gets more complicated, buy-
ers and investors should study or survey
before making decisions. Get advice from
the professionals to understand the risks.
FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY
Describe 2018 in one word:
OBSERVE
Describe what 2019 would be like in
one word:
EFFORT
Michael Loo
PA International Property
Consultants (Penang) Sdn
Bhd executive director
Top three challenges for the property
market in 2019
1. Slow market absorption in residential
property due to mismatch between
household income and property price.
The price correction process will balance
supply and demand in the market.
2. Cautious sentiment will continue, due
to the macro-economic environment
that will make 2019 another challenging
year. The property market is experienc-
ing a period of consolidation and price/
rental correction in terms of rentals and
sales.
3. Retail to remain challenging in 2019 due
to additional supply, where there will
be consolidation in the industry and
changes in the landscape with greater
competition with online shopping.
Market catalysts
FDI into Malaysia increased to RM3.95
billion in the third quarter of 2018,
compared with a record low of RM2.84
billion in the previous quarter and RM11.74
billion in the same period a year earlier.
E-commerce is a new market segment
for the industrial property segment in
Malaysia. The demand of service-oriented
industries such as third-party logistics
(3PL) and e-commerce warehousing
is rising. An emerging industrial
development trend is the integrated
industrial park and office.
Advice for investors
It’s a buyers’ market now — good time for
bargain hunting. Some property owners
who face liquidity problems may be pre-
pared to let their property go at more re-
alistic prices in exchange for cash at hand.
Developers are also providing various at-
tractive packages.
Describe 2018 in one word:
CORRECTION The year 2018 was a
market correction year to rebuild market
fundamentals.
Describe what 2019 would be like in
one word:
CONSOLIDATION By reinforcing new
market confidence, opportunities abound
during this consolidation year.
Choy Yue Kwong
Rahim & Co International
Sdn Bhd director
Top three challenges for the property
market in 2019
1. There is still an insatiable demand for
affordable housing at the right location,
as the majority of wage earners can only
afford houses within the RM300,000
to RM500,000 price range. The real
challenge is for enough land to be
made available as the underlying factors
for the sustainability of affordable
housing are cheap or free land, low
construction cost, and very importantly,
government-dr iven initiatives.
The newly formed National Affordable
Housing Council has targeted to
complete 1 million affordable homes
within 10 years. To put into perspective
the formidable challenge ahead: PRIMA
as at early 2018 only completed 17,000
units against a target of 500,000 units
in five years and Singapore’s Housing
and Development Board took 55 years
to complete one million homes!
2. Developers are facing strong headwinds
having to cope with a slow market, sig-
nificant unsold stock and unsupportive
government policies. The unsold stock
is partly due to overbuilding without
proper market studies and partly due to
bumiputera quotas especially in states
where the quotas are high and the re-
lease mechanism is very slow. The latter
poses a formidable challenge as it in-
volves a change in decades-long policy.
3. The slowdown in the retail market will
impact stratified malls where retail lots
have been sold to many individual pur-
chasers. With the growth of online shop-
ping, we will see a drastic drop in busi-
ness for businesses in stratified malls.
The challenge is not only to buy back
from the individual owners to reconfig-
ure or redevelop the mall, but to put in
further investment at a time when the
retail market is slow.
Market catalysts
The year 2019 is too soon for the property
market to forge ahead. From 2009 to 2013,
residential property prices generally dou-
bled. Prices ran ahead of fundamentals,
which will take some time to catch up.
Due to oversupply, it is unlikely that the
retail and office market will do any better.
The only catalyst is perhaps the feel-
good factor arising out of the cessation of
a potential trade war between US and Chi-
na, oil price stabilisation and a sustained
share market rally.
But realistically, since there is still
strong demand for affordable houses, the
focus should be to build more such homes
in the urban and near urban areas.
Advice for property buyers or investors
in the current property climate
Anytime is a good time to invest in prop-
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
erty if the location and price is right. Cur-
rently the property market is bearish, most
people are not interested in investing. This
gives potential property investors plenty
of time to go property hunting, compare
prices and negotiate close to their target-
ed price.
Describe 2018 in one word:
‘FLAT-TASTIC!!’
Describe what 2019 would be like in
one word:
UNEXCITING
Datuk Soam
Heng Choon
Real Estate & Housing
Developers’ Association
Malaysia (REHDA) president
Top three challenges for the property
market in 2019
While developers are cautiously optimis-
tic about improvement in consumer sen-
timent, there are still many challenges
faced by industry players. Among them
are:
1. Rising cost of doing business includ-
ing input compliance cost. As land is
a state matter, state governments have
been increasing their land premium,
development charges, and other relat-
ed contributions over the years. These,
along with high land and construction
costs will impact the housing industry.
2. Access to mortgage financing and the
ability of buyers to obtain the right mar-
gin of loan remain the main hurdle for
developers in securing sales.
3. Unsold stocks remain high nationwide.
This could be due to mismatch of price
and product to location. Another rea-
son is high bumiputera quota stock
due to non-release of quota in many
states. We would therefore advocate a
uniform quota of 30% nationwide with
an automatic release mechanism for
unsold bumiputra quota units.
Market catalysts
The main catalyst for the property market
in 2019 would be better economic perfor-
mance and better consumer sentiments.
Access to financing can be a big contrib-
uting factor as well.
Advice for investors
Property prices are at their most com-
petitive level now. Buyers and inves-
tors alike should take advantage of this
to get the best bargain given the high
stock level.
Describe 2018 in one word:
CHALLENGING
Describe what 2019 would be like in
one word:
HOPEFUL
Jerome Hong
PA International Property
Consultants Sdn Bhd
managing director
Top three challenges for the property
market in 2019
1. Review of on-going and planned mega
projects that were approved by the pre-
vious government as part of cost-cutting
measures, such as:
i. LRT3 — construction of five sta-
tions with low projected passenger
ridership along the route has been
shelved. Affected stations are Lien
Hoe, Temasya, SIRIM, Bukit Raja
and Bandar Botanic.
ii. HSR — Deferment of the KL-
Singapore HSR project for about
two years to May 31, 2020. Meant
to serve as an economic catalyst
for areas along its routes, its
deferment has led to the review
of upcoming mega projects such
as Malaysia Vision Valley (MVV),
Bandar Universiti Pagoh and Bandar
Malaysia. Investor confidence has
been dampened.
iii. MRT3 — The postponement of the
MRT3 or Circle Line will affect devel-
opers who have bought land banks
and planned projects along its route.
These affected projects are now be-
ing reviewed, in terms of plot ratio/
development concept, product mix,
timing of launch and others.
iv. East Coast Rail Link (ECRL) — Re-
negotiation of the ECRL project is
on-going.
2. Property-related taxes under Budget
2019 — The stamp duty increase for
property transfers worth more than RM1
million will increase the acquisition cost
for properties and may dampen inves-
tors’ interest. The revision of RPGT rates
will increase the exit cost for property
ownership. It will encourage owners and
investors to hold on to their properties
for a longer period
3. Disparity between transaction prices
and asking prices/newly launched pric-
es — New launch prices being higher
than the transaction prices of similar
properties in the same locality is now
normal. Coupled with the challenging
property market, many owners are un-
able to realise their asking prices.
Market catalysts
Measures announced in Budget 2019,
such as the RM1.5 billion allocation to
various affordable housing programmes,
Bank Negara Malaysia’s RM1 billion fund,
stamp duty exemptions and waivers and
the RM25 million allocation to Cagamas
Bhd for mortgage guarantee of first time
homebuyers with household income of
RM5,000 as well as property crowdfund-
ing platforms that will provide an alter-
native source of financing for property
purchase, are expected to boost proper-
YE A R -E ND SP E CIA L
ty sales and reduce the number of un-
sold properties in the affordable and mass
housing segments.
Advice for investors
Property buyers, especially first-time
homebuyers should look for properties
within their means so as to secure the
bank loans. Investors should take the wait-
and-see approach, research and seek con-
sultation before making any major invest-
ments.
Pick the right product and locations such
as KLCC and KL Sentral where property
products are still able to generate stable
rental yields and have potential for capital
appreciation.
Describe 2018 in one word:
FLAT
Describe what 2019 would be like in
one word:
CONSOLIDATION/CORRECTION
Datuk Christopher
Boyd
Savills Malaysia executive
chairman
Top three challenges for the property
market in 2019
1. Confidence — Malaysia has much to
be proud of and so much to look for-
ward to. Developers and those selling
in the secondary market are finding the
banks joyless and over-cautious when
it comes to mortgage applications. The
market would improve if bankers ease
their collective feet off the brakes.
2. Over-supply — Developers need more
and better market information. Why
do NAPIC, Bank Negara Malaysia and
Khazanah all operate their own property
market research units, when DBKL, for
example, does not?
3. Overhaul — We need a fresh look at the
whole property development and de-
livery process. It is overly cumbersome.
Conditions on title and conversion fees
serve no purpose. Orderly development
should be controlled by the planning
authority through zoning, setbacks,
plot ratios and building codes.
Market catalysts
In view of the current gloom in the market,
news of some really solid foreign invest-
ments in Malaysian commercial property
would confound the naysayers and restore
some faith in the future.
Advice for investors
Look for bargains in the secondary market
because they won’t be there forever.
Describe 2018 in one word:
‘BLEAH’ The euphoria that followed the
election results contained a belief that
some kind of fairy dust would settle on the
EP 13
38,500 unsold residential units and 25%
unoccupied office space, and make them
disappear. Although this will happen in
time, what is really needed is a restora-
tion of confidence in the capital markets.
The first signs have already arrived and
we are seeing renewed foreign interest
in Malaysian investment property. This is
extremely encouraging but in reality we
know that rebuilding confidence is going
to take time and a lot of hard work. 
Describe what 2019 would be like in
one word:
BETTER
Anthony Chua
KGV International Property
Consultants executive
director
Top three challenges for the property
market in 2019
1. Uncertainties surrounding policies and
regulations affecting the property in-
dustry.
2. Housing affordability issues.
3. Soft sentiment.
The property market is directionless at the
moment. Property players are awaiting
clear policies and regulatory framework
from the new administration. This is ex-
pected and we should allow reasonable
space for the new administration to operate.
Market catalysts
Likely catalysts include fiscal policies
to invigorate transactions in the market
and a stable political environment for
businesses to thrive. This will hopefully
generate wealth that will eventually flow
into property investments. The market
is unbalanced with a glut of expensive
unsold properties, while the lower seg-
ment craves reasonably-priced properties.
Advice for investors
To be cautious. While there are opportuni-
ties in the market, cheap does not always
equal good returns! Proper research is still
the key to a good deal.
Describe 2018 in one word:
ANXIOUS
Describe what 2019 would be like in
one word:
REBALANCE
EP 14 FR I DAY DEC EM B ER 28, 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

YE AR-E N D S PE CI AL

TIARASA ESCAPES
Glamp
it up!

B Y N ATA L IE KHOO

Everybody loves
vacations and if you

1
are planning to go
local, why not try
Tiarasa

GLAMZ @ GENTING
glamping in our
tropical rainforest for Escapes
The brainchild of Malaysian
an unusual holiday director, producer and
experience? actress Puan Sri Tiara Jacquelina
The word Eu Effendi, this is one of the most
luxurious glamping sites you can
glamping is the come across in Malaysia. Choose
combination of from over 20 safari-style tented
glamorous and villas and five dreamy treetop villas
— with attached bathrooms, hot
camping, which is showers, deep soaking bathtubs,
essentially staying air-conditioning, and free WiFi.
in a hotel-like If you need a bigger space, three
bespoke villas await you — The
environment amidst Maui Treehouse, The Lion Sands
nature within a tent Tent and The Marrakech Tent.
Sprawled across seven acres
or at least canvassed of pristine rainforest with natural
walls. streams in Janda Baik, you will not
EdgeProp.my has be bored with the many activities
you can participate in as part of your
found ˎve glamping glamping experience including na-
sites, many of which ture walks, bird-watching, enjoy-
are located around ing a movie under the stars at the

2
Moonlight Cinema and stargazing.
the verdant forest You can also be part of the lighting
and hills of Pahang ceremony of tiki torches and the There are several room types can fit 350 people and 120 people
such as the Janda bonfire at sunset. Glamz @ including the dome room, VIP respectively.

Baik area, thanks

Complimentary breakfast baskets
can be delivered directly to your
to its cool and lush room or you can have your after-
noon tea at a picnic by the Enderong
natural environment River, packed in evocative tiffin car-
as well as accessibility riers and served on camping plates,
via highways from with teh tarik in camping mugs, for
an authentic camping experience.
Kuala Lumpur, which
is a mere 45-minute WHERE: Tiarasa Escapes, Lorong
drive away. Enderong, Janda Baik, 28750 Bentong
CONTACT: (012) 8877777
WEBSITE: tiarasaescapes.com
TENT RATES FROM: RM990 per night
Genting
Many of us would
be familiar with
Genting Highlands and the many
hotels up there. But you can also
choose to go glamping there
these days.
One would often associate
camping with being in a hot
and humid jungle but not here
— Glamz @ Genting offers a cool
crisp atmosphere at the foothills
of the highlands.
room with private Jacuzzi and the
bell tents. Some of the facilities
provided for all the rooms include
attached shower and toilet, a pri-
vate entrance, room light, person-
al storage basket, hammock and
floor bean bags.
The rooms are not sound-
proof, allowing you to fully im-
merse in the outdoor experience.
One could also host events such
as weddings, celebrations or cor-
porate team building at the Glamz
Dome and Greenhouse which
Some of the activities you can
take part in include jungle hiking
or your own BBQ party at a min-
imal charge.
WHERE: Glamz, 1, Jalan Meranti,
69000 Genting Highlands, Pahang
WEBSITE: glamz.com.my
RATES FROM: RM250 per night for
room stay, RM3,150 for Glamz
Dome event space and RM2,300
for Greenhouse event space
FR IDAY DECEMBE R 28 , 20 1 8 • T HEED G E FINA NCIA L DA ILY EP 15

YE A R -E ND SP E CIA L

TANJUNG INN
Tanjung Inn
Located in Cherating, Pahang, this
resort has been operating for more
than 25 years. Formerly known as
Villa De Fedella, there are a total of 34 chalets and
21 tents available for rent. The tents are more fond-
ly known as Tanjung Tents with their tagline —
“Where you can spend a small fortune to live like
a homeless person”. Nevertheless, the tents sit on
a 12 by 12 inch platform with two single mattress-
es, mosquito nets, fan, plug points, reading lights
and a small faucet. The tents are decked with a
patio overlooking a pond while the bathrooms are
communal and located on either side of the pond.
Some of the activities you can enjoy in the vicinity
(outside the resort) include firefly-watching tours,
visits to the turtle sanctuary and kiteboarding.

WHERE: Tanjung Inn, Jalan Cherating Lama,

Kampung Cherating Lama, 26080 Pahang
WEBSITE: tanjunginn.com
CONTACT: (011) 3989 9402
RATES FROM: RM70 for tents (excluding breakfast)

4 THE STICKS

CARAVAN SERAI
The Sticks
Have you heard of the word tendok?
Well, at The Sticks located at Kuala
Kubu Baru, Selangor you will be able
to experience what it feels like living in a cross be-
tween a tent and a wooden hut or pondok as they
call it in Bahasa Malaysia. This gives your stay a
truly rustic feel.
The accommodation options include the Read-
ing Rock Tendok, the Beach Tendok, the First Ten-
dok, Bamboo House, Riverside Tendok, Serengeti
Tent, The Nest and Opera House to accommodate
a varied number of people (from two to six).
A variety of activities one could enjoy include
jungle trekking, paragliding (depending on the
weather), white water rafting, Sticks botanical walk

5
or even just enjoying the good ol’ board games. Some
of the activities require a fee and a minimum num-
ber of people before the activity can be carried out.
Half-board meals are also included with the
accommodation package while full board meals
Caravan offers 10 suites and 34 units of Safari
Tents. Some of the cool activities you
can be arranged with additional charge. For those Serai can take part in are: going on a local
who cannot spend a night in the accommodation, Sp a n n i n g s o m e 1 0
Bentong ground tour which has to
day trip arrangements are also available during acres of lush green- be pre-arranged beforehand, river
weekends and public holidays. ery, Caravan Serai’s mission is to and nature walks, DIY handmade
give you a true nature staycation. soap, crochet workshops and even
WHERE: The Sticks, Lot 213, Jalan KKB – There is a mix of private suites andkaraoke! Guests can also opt to dine
Fraser’s Hill, 44000 Kuala Kubu Baru, Selangor glamping tents available. The De- at the Keratong Riverside Restaurant
WEBSITE: thesticks.my luxe Safari Tent is fully equipped at Caravan Serai where simple farm
RATES FROM: RM206 per night per person with a queen size bed or twin-shar- fresh steamboat and barbecue meals
ing single beds, basic furniture, can be prepared for you.
air-conditioner or standing fan and
THE STICKS

an attached bathroom which will WHERE: Caravan Serai, Lot 3159

be much welcomed by first-time & Lot 3160, 12 3/4 Mile Jalan Tras,
campers. 28700 Bentong, Pahang
The project in Bentong, Pahang CONTACT: (03) 7972 3655
has a 150m hill as its backyard and is WEBSITE: caravanserai.com.my
surrounded by the Keratong River. It RATES FROM: RM190 ++ per night
CARAVAN SERAI