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 FBM KLCI 1726.18 19.62 KLCI FUTURES 1724.00 16.50 STI 3278.38 18.58 RM/USD 4.0640 CPO RM2241.00 19.00 OIL US$65.95 0.50 GOLD US$1343.00 2.20
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

Najib’s
THURSDAY FEBRUARY 21, 2019 ISSUE 2832/2019

FINANCIAL
ex-media
adviser
charged in

DAILY
absentia
MAKE with money
BETTER laundering
DECISIONS 5 HOME BUSINESS
www.theedgemarkets.com

2 PHOTO BY SUHAIMI YUSUF

Positive news
flow woos equity
bulls back to
Bursa Malaysia
3 HOME BUSINESS

‘Some planned
PR1MA projects
may be scrapped’
4 HOME BUSINESS

Heineken posts
5% rise in net
profit in FY18

HOUSING MINISTRY
4 HOME BUSINESS

IOI Corp 2Q profit

slumps 67% amid
lower CPO, PK prices
6 HOME BUSINESS

Public Bank 4Q
LAUNCHES SCHEME
profit down on
higher expenses,
to aid first-time homebuyers
forex loss It off
ffers lloan under
d FundMyHome+DepositKu
F dM H D itK ffor
1617 FOCUS 20% upfront payment under FundMyHome platform.
Trump ‘in no rush’ Ahmad Naqib Idris has the story on Page 3.
on North Korea
denuclearisation
France fines UBS record €3.7b
in tax fraud case PA G E 2
2 T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
Is it too late to
worry about
privacy?
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France fines UBS record
€3.7b in tax fraud case
Lawyers for Swiss bank say they will lodge an appeal
BY SOF IA BOUDER BALA
PARIS: A court here yesterday fined
Swiss banking giant UBS €3.7 billion
(RM17 billion) in a tax fraud case,
a record for such a case in France.
Lawyers for the bank, which
was convicted of illegally helping
French clients hide billions of euros
from French tax authorities, said
they will lodge an appeal.
UBS had tried to negotiate a set-
tlement to avoid the potentially
embarrassing court showdown,
before failing to agree on a fine
with prosecutors.
The trial opened last autumn
after seven years of investigations,
Positive news flow woos equity
bulls back to Bursa Malaysia
BY W ONG EE LIN
KUALA LUMPUR: Positive news
flow, for instance the likelihood
of reviving the East Coast Rail Link
(ECRL) thus raising hope of more
construction jobs and strong crude
oil prices, has wooed the equity
bulls back to Bursa Malaysia.
The current upward momentum
is expected to continue on the local
bourse for a while until any exter-
nal shocks take centre stage again,
according to analysts contacted.
Share prices, particularly the mid-
and small-cap stocks, have been at
multi-year lows for long, said a fund
manager, and just some positive
news is needed to give buying impe-
tus for investors to hunt for bargains.
Yesterday, stocks were mostly
higher with 724 gainers outnum-
bering 252 losers.
The FBM KLCI jumped 19.62
points or 1.15% to close at a four-
month high of 1,726.18, after hitting
an intraday high of 1,727.25. This is
the third consecutive day of gains
for the KLCI.
Inter-Pacific Securities research
head Pong Teng Siew said local
funds were reacting to news that
Malaysia and China could come
close to an agreement in the re-
instatement of the ECRL project,
which immediately drew attention
back to the construction sector.
“This is probably driven by the de-
velopment that Malaysia and China
would come to some kind of agree-
ment which will be a big boost to
the construction sector,” said Pong.
“I see no signs that it (KLCI) has
exhausted or close to be exhaust-
ed. In fact, we haven’t been seeing
great corporate earnings being re-
ported. Notwithstanding that, the
market has managed to climb,” he
said, adding that this shows some
launched when former employees
came forward with claims of un-
lawful conduct.
This came as authorities across
Europe cracked down on tax eva-
sion and dubious banking practic-
es in the wake of the 2008 global
financial crisis.
The pressure eventually forced
Switzerland to effectively end its
tradition of ironclad bank secrecy,
by joining more than 90 countries
which agreed to automatically share
more client account information
with each other.
In the UBS case, the French au-
thorities determined that more than
€10 billion had been kept from the
FBM KLCI
1,900
1,800
1,726.18
1,700
1,600
Feb 21, 2018 Feb 20, 2019
forms of optimism and confidence
from the market.
The construction index grew 6.74
points or 3.68% to 189.93, making it
the top gainer in percentage terms
among the bourse's indices.
MIDF head of research Mohd
Redza Abdul Rahman sees the pos-
sibility of the index moving upwards
on expectations of accommodat-
ing quarterly earnings results and
the recovery of crude oil prices
continues.
Domestically, macro numbers
seem to provide strong support as dis-
tributive numbers, such as wholesale,
retail and auto sales, remain strong
coupled with accommodating infla-
tionary numbers, said Mohd Redza.
However, he noted external
shocks could be the speed bumps
for the market rally, for instance the
trade talks between China and the
US and the degree of the slowdown
in the Chinese economy.
Mohd Redza said the KLCI has
gained more than 2% in the past
three trading days fuelled by the rise
of companies related to commodi-
ties, as oil price climbed up to US$66
(RM268.52) per barrel for Brent and
crude palm oil prices still holding
For breaking news updates go to
www.theedgemarkets.com
eyes of their tax officials between
2004 and 2012.
The National Financial Prosecu-
tor’s Office has said the bank and
its directors “were perfectly aware
that they were breaking French law”
by unlawfully soliciting clients and
helping them evade French taxes.
UBS, which was ordered to post
€1.1 billion in bail, has denied the
charges and said its operations
complied with Swiss law.
The case is being closely watched
by industry executives at a time when
Paris and other European capitals are
hoping to lure multinational banks
from London as Brexit looms.
UBS France directors then used
Bursa Malaysia Construction Index
340
290
240
190.35
190
140
Feb 21, 2018 Feb 20, 2019
strong at above RM2,100 per tonne,
as well as a stronger ringgit.
TA Securities technical analyst
Steven Soo is also expecting the
bullish momentum to continue
for the remaining week.
“Tomorrow (today), I’m antici-
pating it (KLCI) to be strong, but if
there’s a double-digit point gain to-
morrow (today) … then we should see
a profit-taking happening,” said Soo.
He noted that the index will likely
pause at the 1,740 level based on his
reading of the charts. Thus, he does
not exclude the possibility of anoth-
er double-digit gain in points today.
“But, I will be cautious as there
is only some 14 points to this lev-
el, and we could likely see some
profit-taking after (a) bullish mo-
mentum from these two days,” Soo
said, noting 1,700 points as the new
support level for now.
Moving forward, Soo noted that
the oil and gas and construction
sectors should climb further, not-
ing that many of these stocks have
been pushed to the oversold zone.
He also sees government-linked
companies performing well going
forward in anticipation of some
restructuring.
notes called “milk tickets” to keep
track of how many “milk cans” —
amounts of money — were trans-
ferred to Swiss accounts.
They say the system was merely a
way to balance out bonuses due to
French bankers who were effectively
losing a client to their Swiss peers,
and the notes were later destroyed.
But investigators claim the “milk
tickets” were proof that UBS had
a parallel accounting system for
keeping the transfers off its books.
Only one “milk ticket” was found
during the inquiry, prompting de-
fence lawyers to argue there was no
proof to justify claims of massive
fraud. — AFP
Cabinet agrees
to set up RCI
on judiciary
— reports
KUALA LUMPUR: The cabinet
has agreed to set up a royal
commission of inquiry (RCI)
to investigate shocking alle-
gations of corruption and mis-
conduct in the judiciary, news
sites reported, citing sources.
“The cabinet today gave the
green light to the formation of
an RCI on the judicial arm of
the government. The Attor-
ney-General (AG) will be asked
to draft the terms of reference
and recommend the composi-
tion of the RCI,” the Free Ma-
laysia Today site reported a
source as saying yesterday.
Prime Minister Tun Dr Ma-
hathir Mohamad will issue a
statement on the matter soon,
Malaysiakini reported, attrib-
uting the news to high-level
government sources.
The move follows the re-
lease of a damning affidavit by
Court of Appeal Judge Datuk
Dr Hamid Sultan Abu Back-
er on Feb 14 claiming serious
wrongdoings at the apex of the
judiciary.
The allegations range from
collusion with private interests
to defraud the government of
public funds, persuasion of
judges to deliver favourable
judgements for the govern-
ment, intimidation of those
who write dissenting judge-
ments and interference in ju-
dicial decisions.
The affidavit had been filed
by Hamid in support of a suit
by lawyer Sangeet Kaur Deo
seeking a declaration that the
Chief Justice had failed to up-
hold the integrity of the judi-
ciary in two alleged incidents
of judicial interference.
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
HOME BUSINESS 3

Housing ministry launches scheme

to aid first-time homebuyers
It offers loans under FundMyHome+DepositKu for 20% upfront payments under FundMyHome platform
BY A H M AD N AQ I B I D RI S
SEMENYIH: The housing and
local government ministry has
launched the FundMyHome+De-
positKu scheme, further easing
the burden for first-time home-
buyers who purchase property
via EdgeProp Sdn Bhd’s Fund-
MyHome platform.
Under FundMyHome, buyers
can own a home without the need
for a mortgage and monthly re-
payments by paying 20% of the
purchase price, while the balance
80% is contributed by partici-
pating institutions, which share
the returns from changes in the
future value of the home.
However, the most common
issue faced by buyers is the ina-
bility to raise the required 20%
payment, which is where the
DepositKu scheme will come
in handy.
Under DepositKu, first-time
homebuyers can opt for a loan
of up to RM30,000 to be repaid
after five years, accounting for
part of the 20% payment to own
a home under FundMyHome.
“This is a pilot project and
based on the response, we may
launch other programmes that
we have planned. The funds un-
der DepositKu come from the
ministry to help top up the 20%
required by the buyers.
“The buyers will have to repay
the loan after five years, which
can be paid on a monthly basis
after the fifth year,” said Housing
and Local Government Minis-
ter Zuraida Kamaruddin at the
launch of the scheme yesterday.
Under FundMyHome, a buyer
seeking to buy a RM307,000 home
needs to come up with 20% of the
purchase price or RM61,400 to own
the property. The buyer may then
apply for a loan of up to RM30,000
and therefore only needs to pay the
balance RM31,400 to own a home.
If a buyer is eligible for the
7% bumiputera discount, which
amounts to RM21,490, the buyer
would only need to pay RM9,910
to own the home assuming a
RM30,000 loan granted from De-
positKu scheme.
The scheme is open to first-
time Malaysian homebuyers who
are purchasing a home priced
RM500,000 and below from the
FundMyHome platform, with ap-
provals subject to final vetting by
the housing ministry.
To date, more than 20 buyers Zuraida (left) and Tong at the launch of the FundMyHome+DepositKu scheme yesterday. Photo by Low Yen Yeing/EdgeProp.my
have purchased homes under the
FundMyHome+DepositKu scheme.
EdgeProp Sdn Bhd chairman
Datuk Tong Kooi Ong said the ad- ‘Some planned PR1MA projects may be scrapped’
dition of the DepositKu scheme is
a natural evolution for the Fund- BY AHM AD NAQI B I DRI S ed. However, we are freezing the — due to unsuitable locations,
MyHome platform, adding that the projects that have not commenced for example — has also been
platform will continue to see new SEMENYIH: The housing and construction work as we assess their halted, she said.
innovations going forward. local government ministry said viability. She added that Pricewa-
“We understand the difficulties that the 1Malaysia People’s Hous- “The ministry is still studying this terhouseCoopers is currently
faced by first-time homebuyers in ing Programme (PR1MA) is cur- matter and there are several things carrying out due diligence, and
raising funds for their home pur- rently being reviewed and that that we need to sort out,” said Hous- said the decision on the pro-
chase. This loan initiative is a natu- some of its proposed projects ing and Local Government Minister jects will only be made once
ral evolution for FundMyHome that that are deemed unviable may Zuraida Kamaruddin after launch- the firm completes its report
helps lower the entry barrier and at be scrapped. ing the FundMyHome+DepositKu on PR1MA.
the same time, allows them to build “The PR1MA homes that have scheme here yesterday. “The report will be complet-
equity in their homes,” said Tong. been completed will still go on Work on some PR1MA projects ed around June this year and it
Since its launch in November sale and the ones currently under that are currently under construc- will be brought to the cabinet,”
last year, over 7,000 users have reg- construction will still be complet- tion that may not seem to be viable she added.
istered on FundMyHome.

Teary housewife says she finally has a chance to own a home

BY TAN AI LE NG
o f Edge Pro p .my
KUALA LUMPUR: Housewife Hafiza
Abd Rahman, who attended the
FundMyHome+DepositKu launch
yesterday, burst into tears when she
shared how difficult it has been for
her and her husband to realise their
dream of being homeowners.
The 34-year-old, who was pres-
ent at the press conference after the
launch of the scheme as organis-
ers mistook her for a reporter, was
asking Housing and Local Govern-
Housewife Hafiza (right)
with Zuraida at the
FundMyHome+DepositKu launch
yesterday. Photo by Low Yen
Yeing/EdgeProp.my
ment Minister Zuraida Kamaruddin
about applicants’ eligibility when
she shared her experience.
She said she and her husband,
a self-employed programmer who
earns less than RM3,000 a month,
have tried to secure a housing loan
for 15 times in the past but to no
avail, as they have not been able
to show any repayment records
without credit cards.
“My husband and I always want-
ed to own a home after renting for
more than 10 years here, but we
have problems in getting a mort-
gage loan as we do not have any
track record.
“We pay our utility bills on time,
making sure we never owe any mon-
ey. We have done nothing wrong,
but we just can’t get a loan because
we do not have any credit score track
record,” the mother of four said.
According to her, she pays
for everything by cash. The only
item she paid by instalment for
was a sedan car which has al-
ready been fully settled many
years ago. “I just told my hus-
band, ‘Abang, don’t give up, this
is the new government we can
trust,” she said.
After the press confer-
ence, Zuraida had a pri-
vate chat with Hafiza to fur-
ther explain the details of the
scheme.
Hafiza later told reporters
that her homeownership dream
will finally come true with
FundMyHome. “With Fund-
MyHome+DepositKu, there’s a
chance now that my family and
I can own a house. I have long
awaited for this day to come,”
said Hafiza.
4 HOME BUSINESS
Heineken posts 5% rise
in net profit in FY18
The brewer remains cautious about raw material costs and illicit alcohol trade
BY A R J U N A CHA ND RA N SHANKAR
PETALING JAYA: Notwithstanding
a near 5% increase in net profit in
financial year 2018 (FY18), Heinek-
en Malaysia Bhd remains cautious
about the impact of rising raw ma-
terial costs and illicit alcohol trade
on its performance this year.
The brewer posted a 4.62% year-
on-year (y-o-y) increase in net prof-
it to RM282.52 million for FY18
and proposed a higher single-tier
final dividend of 54 sen per share
— against 50 sen for the same pe-
riod of the previous year — for a
total dividend payout of 94 sen for
the fiscal year.
“The external environment
[also] remains challenging. Amid
slowing global growth rates, cur-
rency volatility and uncertainty in
the commodity markets, we need
to adopt a cautious approach in
cost management,” Heineken man-
aging director Roland Bala said at
the group’s fourth-quarter results
Higher non-interest
income lifts CIMB Niaga
profit up by almost 17%
BY A DA M A ZI Z
KUALA LUMPUR: PT Bank CIMB
Niaga Tbk (CIMB Niaga) record-
ed a 16.95% growth in net prof-
it for the full year ended Dec 31,
2018 (FY18) to 3.48 trillion rupiah
(RM1.01 billion) from 2.98 trillion
rupiah previously, on the back of
a healthy improvement in non-in-
terest income and credit charges.
Earnings per share for the
92.5%-owned Indonesian bank-
ing arm of CIMB Group Holdings
Bhd grew to 139.67 rupiah for the
year under review against 118.5
rupiah for FY17.
The improved net profit, said
CIMB Niaga president director Tig-
or M Siahaan in a statement yester-
day, came on the back of a 13.8%
increase in non-interest income to
3.8 trillion rupiah.
Also supporting the higher prof-
it was a 63 basis points (bps) im-
provement in credit charges from
2.26% to 1.63%, thanks to a 25.7%
decline in provisions on a year-on-
year (y-o-y) basis, he said.
CIMB Niaga’s loan loss coverage
remains comfortable at 105.86%,
he added. “We aim to maintain a
targeted growth trajectory while
keeping asset quality as a priority.”
Total assets grew a marginal
0.18% to 266.78 trillion rupiah from
briefing yesterday.
“We are exploring what procure-
ment we can do. As a global com-
pany we can potentially manage
this and will try to exhaust all other
possibilities within our control,” he
added, noting a priority would be
its scalable brands.
The Dutch brewer posted a
6.79% y-o-y increase in net profit
to RM99.1 million for the fourth
266.31 trillion rupiah previously
as the banking group maintained
its position as the second-largest
private bank by assets.
“Total loans grew by 1.8% y-o-y
to 188.5 trillion rupiah mainly from
growth in mortgages of 11.2% to
30 trillion rupiah, small and me-
dium enterprise (SME) loans of
8.5% to 29.6 trillion rupiah and
credit cards of 5.5% to 8.6 trillion
rupiah,” said the banking group in
an announcement.
Meanwhile, total third-party de-
posits stood at 190.8 trillion rupiah
with the current account-savings
account (CASA) ratio at 52.61%.
Savings accounts grew 8.5% y-o-y
as its digital enhancement gained
traction.
Additionally, CIMB Niaga saw
total financing under its Islamic
business unit grow 58.8% y-o-y to
26.5 trillion rupiah, with third-par-
ty deposits growing 19.1% y-o-y to
23.7 trillion rupiah.
As at Dec 31, 2018, CIMB Niaga’s
capital adequacy ratio had risen
106bps y-o-y to 19.66%.
“Going forward, we will con-
tinue to focus on expanding our
consumer and SME businesses,
building our CASA franchise and
strengthening our syariah business
proposition and syariah-compliant
product offerings,” Tigor added.
Bala (left)
and Voros at
Heineken's
fourth-quarter
results briefing
yesterday.
Photo by Sam
Fong
quarter ended Dec 31, 2018 on
the back of higher revenue and in-
creased levels of cost efficiency in
commercial spend and overheads.
An increase in sales volume
driven by its flagship Tiger brand
propelled a 12.26% spike in reve-
nue to RM662.28 million.
Full-year revenue rose 8.29%
y-o-y to RM2.02 billion on the back
of a larger sales volume.
MSM posts net profit of RM35.6m in
2018, sees challenging year ahead
BY TAN XU E Y I NG
KUALA LUMPUR: MSM Malaysia
Holdings Bhd, the country’s lead-
ing refined sugar producer and a
subsidiary of FGV Holdings Bhd,
ended 2018 on a positive note, post-
ing a net profit of RM35.62 million
compared to a net loss of RM36.34
million for the previous year.
This was despite slipping into
the red for the fourth quarter end-
ed Dec 31, 2018 (4QFY18) with a
net loss of RM10.39 million, versus
a net profit of RM9.32 million a
year ago, on a lower average sell-
ing price and higher finance cost.
This translated into a loss per share
of 1.48 sen for 4QFY18 compared
to earnings per share of 1.33 sen
for 4QFY17.
Quarterly revenue contracted by
16.4% to RM531.13 million, from
RM635.56 million a year ago, due to
a 3% fall in overall volume sold, as
well as a lower average selling price.
Nevertheless, MSM turned a
profit for full FY18, which it attrib-
uted to a stronger ringgit against
the US dollar and a lower raw sugar
cost despite lower average selling
price. Revenue for the year, howev-
er, came in 16.1% lower at RM2.22
billion, versus RM2.64 billion for
FY17, due to aggressive competi-
tion in the domestic sugar market
resulting in a lower average sell-
ing price.
In a statement yesterday, MSM
executive director Datuk Khairil
Anuar Aziz cautioned that “generat-
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Heineken finance director Szi-
lard Voros attributed the higher
revenue to improved sales over
the Chinese New Year period, as
well as the tax holiday following
the abolishment of the goods and
services tax.
Looking ahead, Bala said that
while the group is cautious about
its outlook this year, it is looking
forward to greater enforcement
in the illicit market.
“The new government has in-
tensified the war on illicit trade and
increased enforcement … these are
positives to the industry,” he said.
Voros observed that the reduc-
tion in the illicit market is a “win-
win” for both consumers and the
government, as the latter gains rev-
enue while the former is assured
of quality products.
Heineken’s final dividend is
payable on July 19. The counter
yesterday gained 26 sen or 1.15%
to close at RM22.86, valuing the
company at RM6.91 billion.
MSM Malaysia Holdings Bhd
quarterly net profit/loss
20
(RM mil)
15
10
13.08
14.33
15.88
15.81
5
0
-10.39
-5
-10
-15
4Q 1Q 2Q 3Q 4Q
FY17 FY18 FY18 FY18 FY18
ing revenue in 2019 will be another
challenge due to the excise duty
(soda tax) for sugar beverages of
40 sen per litre beginning April 1”.
“Although too early to draw any
conclusion, the impact potentially
reflects MSM’s bottom line. None-
theless, MSM remains optimistic
about its performance in the sugar
business alongside the support of the
board members, management, em-
ployees and positive synergies from
shareholders and stakeholders.”
He added that MSM is reshap-
ing the way it does its business to
ensure that the company remains
competitive, and seeks the govern-
ment’s support to protect the local
refiners by not issuing new sugar
import permits as sugar is con-
sidered a strategic commodity in
most parts of the world and costs
of doing business have escalated
over the years.
IOI Corp 2Q
earnings slump
67% amid lower
CPO, PK prices
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: A lower contri-
bution from the plantation seg-
ment, coupled with net foreign
currency translation losses on its
foreign currency-denominated
borrowings and deposits, dragged
IOI Corp Bhd’s net profit down
67% for the second quarter ended
Dec 31, 2018 (2QFY19).
Consequently, its 2QFY19 net
profit fell to RM195.5 million from
RM595.9 million for the previ-
ous year, which trimmed earn-
ings per share to 3.11 sen from
9.48 sen. Revenue slipped 6.4%
to RM1.88 billion from RM2.01
billion, according to the group’s
stock exchange filing yesterday.
Notwithstanding the weaker
quarterly results, the group de-
clared a first interim dividend of 3.5
sen, which will be paid on March
22. In comparison, the group post-
ed a 4.5 sen payout for the same
quarter of the previous year.
The group said it incurred a
net foreign currency translation
loss of RM22.8 million during the
quarter under review, versus a
gain of RM188.1 million for the
corresponding quarter last year.
The plantation segment,
meanwhile, was impacted by
lower crude palm oil (CPO)
and palm kernel (PK) prices,
which pulled the segment’s prof-
it down by 66% year-on-year to
RM117.3 million. “The average
CPO price realised for 2QFY19
was RM1,932/tonne (2QFY18:
RM2,644/tonne) and the aver-
age PK price realised for 2QFY19
was RM1,444/tonne (2QFY18:
RM2,621/tonne),” the group said.
AZRB unit wins
RM150.5m worth
of Petronas jobs
in Kertih
BY S A MUE L L IM
KUALA LUMPUR: Ahmad Zaki
Resources Bhd’s (AZRB) whol-
ly-owned subsidiary has secured
RM150.5 million worth of projects
including the proposed refurbish-
ment and upgrading of Petronas
office and operation complexes in
Kertih, Terengganu.
In a statement to Bursa Ma-
laysia, AZRB said Ahmad Zaki
Sdn Bhd had accepted the letter
of award from Rantau Properties
Sdn Bhd. AZRB said the subsidiary
will also construct a new annex
building and undertake infrastruc-
ture and landscaping works.
“The contract works shall be
completed within 26 months from
the date of possession of the site on
March 1, 2019. The contract works
are expected to contribute positive-
ly to the group’s future earnings.
“The board of AZRB is of the
opinion that the contract works
are in the best interest of the com-
pany,” the group added.
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Najib’s ex-media adviser charged
with money laundering
Umno lawyer held in related development to be charged today
KUALA LUMPUR: Paul Stadlen
(pic), a former media adviser to for-
mer prime minister Datuk Seri Na-
jib Razak, was charged in absentia
yesterday with money laundering
involving a sum of RM15 million.
Bernama quoted sources from the
Attorney-General’s Chambers (AGC)
as saying that the 39-year-old Briton
was charged in the Sessions Court.
“The prosecution from the AGC
handled the case,” it cited a source
as saying, adding that Stadlen was
charged in absentia as he had run
away from Malaysia.
theedge.markets.com earlier re-
ported that investigators had traced
the source of money to Najib, who
himself has been slapped with 42
Najib, Shafee fail in bid
to dismiss Sri Ram as
head of prosecution
KUALA LUMPUR: Former prime
minister Datuk Seri Najib Razak and
his lawyer Tan Sri Muhammad Sha-
fee Abdullah yesterday failed in their
bid to challenge the appointment of
former federal court judge Datuk Seri
Gopal Sri Ram (pic) as the head of
the prosecution team in their cases.
High Court (Appellate and Special
Powers) Judge Datuk Azizah Nawawi
dismissed, in her chambers, the ap-
plication by Najib and Muhammad
Shafee for leave to initiate a judicial
review of Sri Ram’s appointment.
Najib was represented by Mu-
hammad Shafee and lawyer Harvin-
derjit Singh acted for Muhammad
Shafee, while senior federal counsel
Shamsul Bolhassan appeared for
the Attorney-General’s Chambers.
Azizah, in her judgement, said
the prayer sought in the leave ap-
plication by Najib and Muhammad
Shafee was similar to that in the
application made by them in the
criminal high court.
The judge said it was more con-
venient for the issue of the appoint-
ment of Sri Ram as a senior public
prosecutor to be addressed in the
criminal high court as a similar ap-
plication was pending in that court.
“I am of the considered opinion
the prayer which the applicants are
seeking here is the same prayer in the
criminal motion. This is not an issue
of jurisdiction as both this court and
the criminal court have jurisdiction
[over] the subject matter.
“It is just that this court may issue
an order of certiorari, while the crim-
inal court may grant the order to the
attorney general (AG) to furnish the
impugned letter of appointment to the
applicants. In respect of the declarato-
charges of criminal breach of trust
and money laundering linked to
the 1Malaysia Development Bhd
(1MDB) scandal.
In a related development, the
Malaysian Anti-Corruption Com-
mission (MACC) yesterday arrested
a 47-year-old lawyer for allegedly
being involved in money launder-
ing involving RM15 million.
The lawyer, a Datuk who has rep-
resented Najib and Umno in several
cases, is expected to be charged in
the Sessions Court today with two
counts under Section 4(1) of the
Anti-Money Laundering, Anti-Ter- the lawyer was arrested after having
rorism Financing and Proceeds of his statement recorded at the com-
Unlawful Activities Act 2001. mission’s headquarters in Putrajaya.
The MACC said in a statement According to sources, the man
ry orders sought, both this court and
the criminal high court have concur-
rent jurisdiction,” she said.
Najib and Muhammad Shafee
filed the judicial review applica-
tions separately in December last
year, naming the AG/public pros-
ecutor as the first respondent, and
the government of Malaysia and
Sri Ram as the second and third
respondents.
In both applications, they sought
for an order to disqualify the deci-
sion of the AG/public prosecutor
who, they stated, did not submit
to them a copy of Sri Ram’s letter
of appointment to lead the prose-
cution team, claiming that it was a
violation of Section 376 (3) of the
Criminal Procedure Code.
They also wanted a court order to
revoke or recuse the appointment of
Sri Ram, saying that the letter of ap-
pointment was invalid, and sought a
declaration that there was a conflict
of interest in the appointment.
They also requested an order to pro-
hibit Sri Ram from leading the prose-
cution team in all their cases, including
those of corruption, abuse of power
and money laundering. — Bernama
EDITOR’S PICKS FROM
theedgemarkets.com
Asia Poly downsizes Aceh hydropower plant, trims stake
BY ADAM AZ I Z
KUALA LUMPUR: Asia Poly Hold-
ings Bhd, which is undertaking the
development of a hydropower plant
in Aceh, Indonesia, is downsizing
the plant’s capacity from 12MW to
10MW to expedite the process of
securing the independent power
purchase agreement for the project
from the state government.
Concurrently, Asia Poly has
reduced its indirect equity owner-
ship in the subsidiary undertak-
ing the project, PT Rimba Tripa,
to 49% from 51% previously, to
comply with local legislation in
relation to the reduced capacity,
it said in a statement yesterday.
Favelle Favco units secure RM61.1m crane supply jobs
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Favelle Favco
Bhd’s units have secured six con-
tracts to supply tower cranes and
offshore cranes to various clients for
a cumulative sum of RM61.1 million.
Its units Favelle Favco Cranes
Pty Ltd, Favelle Favco Cranes
Pansar proposes one-for-two bonus issue
BY ADAM AZ I Z
KUALA LUMPUR: Marine and
industrial engineering product
distributor Pansar Bhd yesterday
proposed a one-for-two bonus
issue of up to 231 million new
shares to be undertaken via an
enhanced bonus issue framework
(no par value regime).
“The bonus shares will be issued
as fully paid shares at nil consid-
HOME BUSINESS 5
received the RM15 million, via
cheques, in 2014 and 2015. The
money, believed to be profits from
illegal activities, was allegedly
transferred from another person’s
bank account into the lawyer’s firm.
Stadlen’s whereabouts
unknown
Stadlen worked for UK-based public
relations consultancy APCO Inter-
national, which did work for Najib
immediately after he became the
prime minister in 2009. Stadlen
later left APCO to work directly
for Najib and was part of a large
communications network that was
outside the official press team of
the Prime Minister’s Office.
“The foreign shareholding will be
restricted to a maximum of 49% for
any proposed hydroelectric power
plant with [a capacity of] 10MW [or]
below,” said Asia Poly. Asia Poly’s
49% stake in PT Rimba Tripa is
held via its wholly-owned unit
Asia Poly Green Energy Sdn Bhd.
“In view thereof, PT Rimba Tri-
pa has ceased to be [a] subsidiary
of Asia Poly Green Energy Sdn
Bhd; PT Rimba Tripa will now be
a 49% indirect associate of Asia
Poly,” the group said. Following
the change in shareholdings, two
Malaysians — Leow Teow Hong
and Nik Maimun Nik Sulaiman —
who previously owned 16% and
21% respectively in PT Rimba Tri-
(USA) Inc and Favelle Favco
Cranes (M) Sdn Bhd received the
purchase orders or the letter of
intent for the contracts between
November 2018 and yesterday.
There are four contracts for the
supply of tower cranes. One is ex-
pected to be delivered by the first
quarter of 2019 (1Q19), two by 2Q19,
eration and without capitalisation
from the company’s reserves. The
proposed bonus issue of shares
will increase the number of Pan-
sar shares but will not increase
the value of Pansar’s issued share
capital,” the group said in a filing
with Bursa Malaysia.
Pansar currently has an issued
share capital of RM151.96 million,
comprising 308 million shares of
which 2.68 million are held as treas-
Last November, the MACC said
in a statement it was seeking to
track down Stadlen to question him
in connection with investigations
into the 1MDB scandal.
Stadlen was reported to have
left Malaysia just before, or im-
mediately after, the 14th general
election on May 9, 2018.
His current whereabouts are
unknown. According to a British
tabloid, the Daily Mail, he is be-
lieved to have gone to London but
subsequently departed to an un-
known destination.
The MACC said Stadlen’s last
known address in Malaysia was
the Loft Sentral Condominium in
Kuala Lumpur Sentral.
pa have ceased to hold stakes in
the company. Meanwhile, Hiiard
Sjafei, who previously owned 12%
of PT Rimba Tripa, has increased
his stake to 35%. The company
also welcomed a new sharehold-
er, Haryono, who now owns the
remaining 16% stake.
Asia Poly, involved in the pro-
vision of cast acrylic products,
bought into PT Rimba Tripa in
May 2017 to participate in the de-
velopment of the 12MW hydro-
power plant, with construction
cost estimated at RM92 million at
the time. The project was initially
expected to commence construc-
tion in October 2017, with comple-
tion targeted in May 2019.
and the fourth by 3Q19.
There are two contracts for the
supply of offshore cranes, and both
are expected to be delivered by
end-2019. The contracts are ex-
pected to contribute positively to
earnings and net assets of the com-
pany for the financial year ending
Dec 31, 2019 and beyond, it said.
ury shares. Pansar also has 154
million warrants exercisable into
one Pansar share at 95 sen each.
The warrants will mature in 2023.
“The proposed bonus issue
of shares will give rise to adjust-
ments to the exercise price and
number of outstanding warrants
pursuant to the provisions of the
deed poll constituting the war-
rants dated May 21, 2018,” the
group said.
6 HOME BUSINESS
Public Bank’s 4Q
profit down on higher
expenses, forex loss
It declares a second interim dividend of 37 sen a share
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Public Bank Bhd’s
net profit fell 5.4% in the fourth quar-
ter ended Dec 31, 2018 (4QFY18),
despite a stronger revenue, as the
group incurred higher other oper-
ating expenses and higher non-op-
erational foreign exchange (forex)
loss during the period.
The previous corresponding quar-
ter also recognised certain non-re-
curring income, the bank said,
though higher net interest income
and higher income from Islam-
ic banking business in the quarter
helped partially offset the effects of
the above-mentioned dampeners
on earnings.
Consequently, its 4QFY18 net
profit retreated to RM1.41 billion
compared with RM1.49 billion in
the corresponding quarter in the
previous year, and earnings per share
slipped to 36.2 sen from 38.47 sen.
Revenue rose 5.2% to RM5.63 billion
from RM5.35 billion previously.
The bank declared a second in-
terim dividend of 37 sen — three sen
higher than the 34 sen declared in the
same quarter in the previous year —
to be paid on March 14. This brings
its full-year payout to 69 sen a share,
versus 61 sen in FY17, amounting to
RM2.7 billion or 47.9% of the group’s
net profit for FY18.
For the full FY18, net profit was up
2.2% to RM5.59 billion compared with
RM5.47 billion in the previous year,
as revenue climbed 6% to RM22.04
billion from RM20.86 billion.
More affordable homes in product mix
trim Matrix Concepts’ profit
BY C H O N G JI N HU N
KUALA LUMPUR: Property devel-
oper Matrix Concepts Holdings Bhd
posted a 31% fall in net profit for its
third quarter ended Dec 31, 2018
(3QFY19), as its product mix during
the quarter comprised more afforda-
bly priced residential units compared
to the one that had a significant con-
tribution from industrial properties
that fetched better margins in the
previous year.
Consequently, its 3QFY19 net
profit fell to RM48.61 million from
RM70.56 million a year ago, despite
revenue rising 7% to RM285.65 mil-
lion from RM266.17 million on the
back of higher revenue recognition
from the sales of residential and com-
mercial properties, its Bursa Malaysia
announcement showed.
In a separate statement, Pub-
lic Bank founder, chairman emer-
itus, director and adviser Tan Sri
Dr Teh Hong Piow (pic) said 2018
was marked by a more moderate
economic growth, with increased
headwinds on both the global and
domestic fronts as banks were facing
a more challenging business climate.
“Against this backdrop, the Public
Bank Group was able to sustain sta-
ble profitability due to its continuous
efforts to drive its loans and deposits
business, coupled with the group’s
strong asset quality and prudent cost
management.
“With that, the group continued
to sustain its leading position among
domestic banks with lowest gross
impaired loan ratio of 0.5% and most
efficient cost-to-income ratio of 33%,
leading to net return-on-equity ratio
of 14.8% for 2018,” he said.
As at the end of 2018, Public Bank
It declared a single-tier interim
dividend of three sen a share in re-
spect of FY19, payable on April 10.
For the cumulative nine-month
period (9MFY19), the group’s net
profit retreated 10% to RM151.7 mil-
lion from RM167.94 million a year
earlier, though revenue climbed 20%
to RM769 million from RM641.92 mil-
lion as new property sales increased.
In a separate statement, Matrix
Concepts said new property sales
rose to RM1.1 billion in 9MFY19 from
RM939.2 million a year earlier. Un-
billed sales improved to RM1.4 billion
from RM1.1 billion, hence providing
stronger earnings visibility for the
next 18 months, it said.
“In navigating current market con-
ditions, we have displayed our resil-
ience as well as agility, tailoring our
launches of residential properties
maintained a low gross impaired
loans ratio of 0.5%, which is “well be-
low” the domestic banking system’s
gross impaired loans ratio of 1.5%.
Its loan loss coverage ratio also
stood high at 126% as at the end of
2018, Teh said. “Including the RM1.8
billion regulatory reserves that the
group had set aside, the group’s loan
loss coverage ratio would be 237.5%.
This has provided the group a strong
buffer to weather any uncertainties
ahead,” he added.
In 2018, loan growth grew 4.2%,
contributed by consumer financing
for the purchase of residential prop-
erties and passenger vehicles, as well
as extension of credit to small and
medium enterprises for purchase
of commercial properties and work-
ing capital.
Total customer deposits grew 6.2%
to RM339.2 billion. “This deposit
growth contributed to the group’s
strong funding position, as reflected
in its gross loan to fund and equity
ratio of 79% as at the end of 2018,”
said Public Bank.
Overseas operations contributed
9.7% to the group’s overall pre-tax
profit, largely contributed by Pub-
lic Financial Holdings Ltd Group in
Hong Kong (PFHL) and Cambodi-
an Public Bank Plc (Campu Bank),
said Teh.
In addition to PFHL and Cam-
pu Bank, the group is also actively
expanding its business in Vietnam.
The group has expanded its branch
network to a total of 18 branches in
Vietnam as at the end of 2018.
in line with market demand, with
a healthy mix of products primarily
comprising affordable homes,” said
chairman Datuk Mohamad Haslah
Mohamad Amin.
“Through this we are on track to
achieve another record year with
our best-ever new sales and revenue
performance expected in FY19, cou-
pled with strong take up of above 80%
for our residential and commercial
properties. Moving forward, we in-
tend to leverage on our strengths and
maintain our reputation as a provider
of affordable homes to Malaysians.
Furthermore, our strong earnings vis-
ibility will effectively sustain our abil-
ity to distribute good returns to our
shareholders and maintain our status
as one of the top dividend-yielding
companies in Bursa Malaysia,” Mo-
hamad Haslah added.
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Leonard Ariff (left) with chief financial officer Wan Amir Jeffery Wan Abdul Majid
at CCMD’s EGM. Photo by Shafiq Suhaimi
CCM Duopharma aims
to boost biosimilars’
contribution to revenue
BY J U S T IN L IM
SHAH ALAM: Pharmaceutical
company CCM Duopharma Bi-
otech Bhd (CCMD) is targeting
to raise revenue contribution
from its biosimilar products to
beyond 25% from 22% currently,
after identifying the segment as
one of the group’s key growth
areas in the near term follow-
ing the government’s higher
allocation for health services
under Budget 2019.
Under the budget, the gov-
ernment has raised the sum
set aside for health services by
7.8% or RM2 billion to RM29
billion, compared with 2018’s
allocation.
“What was not released [in
Budget 2019] is the breakdown
[of the healthcare spending] —
how much is for hospitals and
how much is for pharmaceuti-
cals. [It] seems to suggest that
additional money has been al-
located for medicine. We would
be looking at supplying our EPO
to the government, plus our
oncology [products] as well,”
CCMD group managing direc-
tor Leonard Ariff Abdul Shatar
told reporters after the group’s
extraordinary general meeting
(EGM) yesterday.
EPO refers to CCMD’s bio-
similar erythropoietin, which
adjusts red blood cell gener-
ation according to a human
body’s oxygen requirement
and given the commercial name
ERYSAA. CCMD is looking to
launch ERYSAA by April.
“For this year and the next
two years, biosimilar and oncol-
ogy will be the big drivers of our
results. We will be putting out
more products, especially from
the local manufacturing of oncol-
ogy products,” said Leonard Ariff.
He said CCMD is the coun-
try’s leader in terms of biosimi-
lars. “We are the only company
in Malaysia that is doing bio-
logics and biosimilars. We are
working with various parties
to bring in biosimilar versions
whenever we can — of course,
taking patents into considera-
tion. We are looking [at] prod-
ucts that will not be in [con-
flict with] patents and that will
bring cost benefits to patients,”
he added.
On the oncology front,
CCMD is planning to launch a
manufacturing facility for such
products — the first such facil-
ity in Malaysia — by the third
quarter of this year.
On the group’s performance
for the financial year ended
Dec 31, 2018 (FY18), he said
it was “strong” and hopes to
keep it up in FY19 on the back
of a stronger ringgit. CCMD’s
net profit rose 12% to RM47.64
million in FY18, from RM42.46
million a year ago, as revenue
grew 6.57% to RM498.72 million
from RM467.99
The company is also hope-
ful of getting its RM10 million
goods and services tax (GST)
refund from the government
this year.
“We are in the process [of
getting the refund]. There are
still questions that need to be
addressed with the ministry of
finance, but we are quite happy
with the announcement about
the refund. Hopefully, it will oc-
cur within this financial year,”
said Leonard Ariff.
Last August, Leonard Ariff
revealed that the government
still owed CCMD about RM10
million in GST refunds.
In September, Finance Min-
ister Lim Guan Eng gave the as-
surance that companies would
receive their GST refunds, al-
though he said some RM19 bil-
lion had gone missing from the
GST Refunds Trust Account.
Under the GST Act 2014, the
refunds of input tax should be
made within 14 days. However,
the refunds have seen delays up
to 30 days or more.
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Petronas-linked consortium
unveils biggest gas discovery
in Indonesia in 18 years
MADRID: A Repsol-led consortium in
which Petronas holds a 45% stake has
found new gas resources in Indonesia
estimated at at least two trillion cubic
feet, the Spanish oil and gas firm said.
This is equivalent to around two years’
worth of Spanish demand.
The discovery at the Sakakemang
block in south Sumatra is among the
10 largest finds worldwide in the last 12
months, and the biggest in Indonesia in
18 years, Repsol said.
Following its strategy to maximise
Ranhill works on plan to export
electricity to Thailand
BY TAN XUE Y I N G
KUALA LUMPUR: Ranhill Holdings Bhd,
whose share price climbed to a record
high of RM1.45 yesterday, plans to part-
ner with Thai-based Treasure Specialty
Co Ltd (TS Co) to export electricity from
Kedah to Thailand.
The utility group announced to Bursa
Malaysia yesterday that both companies
are working out a proposal for a 1,150
megawatt (mw) combined cycle gas
turbine (CCGT) power plant in Kedah.
TS Co is currently the adviser to Ra-
nhill’s water businesses in Thailand and
will be its joint developer and co-inves-
tor in Ranhill’s new water concessions
in Thailand.
Ranhill said its board has approved
the collaboration agreement.
The agreement outlines both parties’
intentions to explore to develop the
proposal to build, operate and own the
power plant project. All the electricity
produced from the power plant will be
exported to Thailand through a dedicated
transmission line with interconnection
to substations in Thailand.
“For the purpose of the project, TS
Co will be the co-promoter with Ranhill,
January CPI seen falling for first
time since 2009 — poll
BY ROZ AN N A L ATI FF
KUALA LUMPUR: Malaysia’s con-
sumer prices are expected to fall in
January, the first decline in nearly
a decade, amid a drop in domestic
fuel prices, a Reuters poll showed
yesterday.
The January consumer price index
(CPI) was forecast to fall 0.2% from
a year earlier, the first decline since
November 2009 when it fell 0.1%, ac-
cording to the median estimate among
13 economists surveyed.
Individual estimates, however,
ranged between an annual decline
of 0.8% and a rise of 0.5% in the index.
Malaysia’s decision to switch to a
weekly-managed float mechanism for
retail fuel in January as well as lower
global crude oil prices are likely to weigh
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
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HOME BUSINESS
the use of gas as major economies phase
out carbon, Repsol plans to drill another
appraisal well in the area in the coming
months, it said.
The Madrid-based firm operates the
well and holds a 45% stake, while Petro-
nas owns 45% and Japan’s MOECO the
remaining 10%.
The find would translate into more than
350 million barrels of oil equivalent. Before
this find, Repsol had global gas reserves
equivalent to around 1.7 billion barrels
of oil. — Reuters
and will take the lead in the development
aspect on the Thailand side.
“Ranhill and TS Co agree to mutually
discuss and collaborate for a period of six
months from the date of the collaboration
agreement or such period as may be mu-
tually extended by the parties.”
Under the agreement, the two compa-
nies have agreed that that TS Co and its
group of investors may subscribe up to
30% of the interest in the project, where-
as Ranhill may subscribe to no less than
70% interest in the project.
“Both parties will be responsible to
source for its own equity injection and
may source for additional investors,” it
said.
Ranhill said the parties believe the pro-
posed project, utilising existing infrastruc-
ture for gas-fired CCGT, will be able to
provide a cost competitive solution to the
provision of clean electricity power to the
provinces of southern Thailand.
The project is still subject to approval
from relevant authorities in both Malaysia
and Thailand.
The utility stock finished six sen, or
4.32% higher yesterday, at RM1.45 — its
highest-ever closing, for a market capital-
isation of RM1.29 billion.
on transport costs, economists said.
Inflation has been benign since the
government removed an unpopular
consumption tax in June 2018 and re-
instated a narrower sales and services
tax three months later.
Annual inflation in November and
December were 0.2%, similar to Au-
gust when it touched a three-and-a-
half-year low.
Bank Negara Malaysia said last week
Malaysia was not at risk of deflationary
pressure. Headline inflation, which came
in at 1% in 2018, was likely to average
higher this year, the central bank said.
“Inflation remains distorted by ad-
ministrative measures — the central
bank will likely focus on the growth
metric for monetary policy decision
making,” Standard Chartered said in a
note ahead of the CPI data. — Reuters
ST O C KS W I T H M O M E N T U M 7
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
BENALEC HOLDINGS BHD (-ve)
TRADING of shares in Benalec Holdings ended Sept 30, 2018, the company turned in
Bhd (fundamental: 0.95/3, valuation: 0.9/3) a net loss of RM2 million — compared to a
triggered our proprietary momentum al-
gorithm yesterday for the first time in over
two years.
net profit of RM858,000 — against a revenue
of RM23.87 million, which has more than
halved from RM10.23 million a year ago.
The stock rose in line with other construc-
tion stocks, and finished two sen, or 10.26%
It said it incurred development costs of
some RM414.4 million on reclamation works
higher, at 21.5 sen, valuing the company at undertaken by its subsidiaries for projects in
RM182.55 million. A total of 5.85 million Tanjung Piai and Pengerang, both in Johor.
shares crossed, compared with its 200-day The nature of the state government project is
average trading volume of 448,058 shares. such that any revenue or profit can only be
Benalec has been loss-making for two recognised upon successful disposal and/
consecutive quarters. For its latest quarter or leasing of the said land to third parties.
BENALEC HOLDINGS BHD Valuation score* 0.90
Fundamental score** 0.95
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.27
TTM Dividend yield (%) -
Market capitalisation (mil) 165.57
Shares outstanding (ex-treasury) mil 849.09
Beta 0.99
12-month price range 0.16-0.39
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
PPB GROUP BHD (+ve)
TRADING of shares in PPB Group Bhd (funda- next Thursday (Feb 28). It turned in a 5.61%
mental: 2.3/3, valuation: 0.8/3), which closed lower net profit at RM359.77 million, from
60 sen, or 3.27% up, at the record high of RM381.17 million a year ago, despite a 5.63%
RM18.92 yesterday, triggered our momentum increase in quarterly revenue to RM1.14 bil-
algorithm for the first time since March 2018. lion, from RM1.08 billion previously.
At the closing bell, PPB — now valued at The company explained that its grain
RM26.92 billion — recorded a total trading vol- and agribusiness segment was hit by higher
ume of 3.1 million shares, sharply higher com- raw material costs from the flour and feed
pared with its 200-day average of 861,038 shares. divisions, while the consumer product seg-
PPB is due to release earnings for its fourth ment was less profitable due to lower sale
quarter ended Dec 31, 2018 after trading hours volumes and lower profit margin.
PPB GROUP BHD Valuation score* 0.80
Fundamental score** 2.30
TTM P/E (x) 21.19
TTM PEG (x) (3.51)
P/NAV (x) 1.25
TTM Dividend yield (%) 1.44
Market capitalisation (mil) 26,062.01
Shares outstanding (ex-treasury) mil 1,422.60
Beta 0.42
12-month price range 14.41-18.32
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
TEO SENG CAPITAL BHD (-ve)
TRADING of shares Teo Seng Capital Bhd Hup Holdings Bhd, which also controls In-
(fundamental: 0.8/3, valuation: 0.65/3) trig-
gered our proprietary momentum algorithm
donesian integrated poultry player PT Ma-
lindo Feedmill Tbk.
on Monday for the eighth time this year. Leong Hup is seeking to relist its shares
A total of 2.29 million shares crossed on Bursa Malaysia’s Main Market, after being
yesterday, more than 12 times its 200- delisted in April 2012 following a privatisa-
day average of 187,549 shares, before the tion exercise. The initial public offering will
counter closed two sen or 1.54% higher at involve the issuance of up to 1.6 billion shares
RM1.32, bringing it a market capitalisation to raise proceeds mainly for the repayment
of RM395.64 million. of bank borrowings, capital expenditure and
The egg producer is controlled by Leong working capital.
TEO SENG CAPITAL BHD Valuation score* 0.80
Fundamental score** 0.65
TTM P/E (x) 15.05
TTM PEG (x) -
P/NAV (x) 1.50
TTM Dividend yield (%) 0.38
Market capitalisation (mil) 389.73
Shares outstanding (ex-treasury) mil 299.79
Beta 0.92
12-month price range 0.75-1.30
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

What it is like to live inside a

Porsche-branded skyscraper
Porsche Design Tower offers residents a 24/7 petrolhead lifestyle just north of Miami Beach
PHOTOS BY BLOOMBERG
BY JU S T IN OC EA N

NEW YORK CITY: More than 69,000 luxury-branded

units are expected to come to market by 2023, with an
average 31% premium over non-branded apartments,
according to Savills plc, a London property consulting
company. At the almost two-year-old, 60-storey
Porsche Design Tower near Miami, the biggest hat
trick is a car elevator that can take that 911 directly into
your apartment’s in-unit garage, separated from the
living space by a glass wall. A five-bedroom, six-and-a-
half-bath condo closed for US$6.7 million (RM27.27
million) in December. Here is a closer look at what the Ground-level overflow Indoor pool
Because many of the residents own multiple high-end vehicles, such as the silver Porsche The fifth floor features a game room with a
Porsche Design life might look like. — Bloomberg Carrera GT above, ground-level garage spaces are also available. pool table, bar, lounge, and gaming area.
PHOTO BY PORSCHE DESIGN

More drive time Robotic parking carousel

The tower's racing simulators can give residents Residents drive into the cylinder, a turntable spins the car towards the
of all ages a thrill — and presumably stoke elevator doors. The doors then open and a skid slides underneath, locks
future sales, too. the wheels, and pulls the vehicle into the elevator.

First Porsche Design residential building A unifying theme Surf's up

This architectural and engineering masterpiece reflects essential brand elements such as Cars play a big role in the living space — they are front-and-centre, visible through the Porsche designs surfboards as it is the
functional design, technical innovation and iconic, future-forward style. glass doors of the in-unit garages. The interior design takes it cues from Porsche, too. lifestyle its residents are paying for.

HK to partially develop historic golf course for housing
HONG KONG: Hong Kong ear-
marked a slice of its historic Fan-
ling golf course for public housing
yesterday, a controversial plan
which exposed the city’s dramatic
social divide and was resisted by
international golfing stars.
The city government said it had
accepted a proposal to take back
less than a fifth of the exclusive,
170ha course as authorities scram-
ble to find new land for housing in
the world’s least affordable prop-
erty market.
Located near the border with
mainland China, the colonial-era
course is part of the Hong Kong
Golf Club and has hosted the Hong
Kong Open, a mainstay of the Eu-
ropean and Asian Tours, every year
since 1959.
Rory McIlroy, Justin Rose, Greg
Norman and the late Peter Thom-
son are among those who have
won at Fanling, whose short fair-
ways, small greens and dog legs
have won a legion of fans.
The club has argued that sacri-
ficing a world-class sports venue is
short-sighted, a stance echoed by
top golfers who spoke out against
the development plans including
McIlroy, Miguel Angel Jimenez and
Tiffany Chan.
Hong Kong leader Carrie Lam
told the city’s parliament yester-
day that she accepted the decision
would “offend and upset some
people” but her administration had
“to strike a balance in a difficult
situation for the greatest public
good”. — AFP
‘S’pore property not set for big bump’
BY POOJA THAKUR
& HAS L IN DA A MIN
SINGAPORE: Singapore home
prices are unlikely to stage a rap-
id rebound after the government
imposed further property curbs
in mid-2018, the finance chief
of the city-state’s largest devel-
oper said.
“If we see a 5% increase in
home prices I think that will be
a pretty good year for the Singa-
pore residential market,” Capita-
Land Ltd chief financial officer
Andrew Lim said in an interview
with Bloomberg Television yes-
terday. “The severity and extent
of the measures in July caught us
by surprise.”
Home prices posted their first
decline in six quarters in the last
three months of 2018. In July,
the government imposed high-
er stamp duties and tougher
loan-to-value rules to choke off
a sudden bout of exuberance. —
Bloomberg
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Court adjourns
Tony Pua’s
appeal over
video clip
PUTRAJAYA: The Federal Court
has adjourned the appeal hearing
by Damansara member of parlia-
ment Tony Pua Kiam Wee against
an interim injunction order against
a video clip relating to the tabling
of the Syariah Courts (Criminal
Jurisdiction) (Amendment) Bill
2016 or RUU355.
“We adjourned the hearing
of the appeal pending disposal
of [Pua’s] appeal in the appellate
court,” said Court of Appeal presi-
dent Tan Sri Ahmad Maarop.
Pua’s appeal in the appellate
court is in relation to a High Court
decision to allow former prime
minister Datuk Seri Najib Razak to
withdraw his defamation lawsuit
on the video clip which he filed
against Pua. Justice Ahmad, who
led a seven-man bench, set April
5 for case management on the ap-
peal. The other judges were Chief
Judge of Malaya Tan Sri Zaharah
Ibrahim and Federal Court Judges
Tan Sri Azahar Mohamed, Datuk
Alizatul Khair Osman Khairuddin,
Datuk Tengku Maimun Tuan Mat,
Tan Sri Idrus Harun and Datuk
Nallini Pathmanathan.
Najib’s lawyer Datuk Wira
Mohd Hafarizam Harun raised a
preliminary objection saying that
the appeal had become academic
since his client (Najib) had filed a
discontinuance of his main civil
action against Pua in July last year.
Datuk Malik Imtiaz Sarwar, rep-
resenting Pua, countered by saying
the appeal should be heard by the
Federal Court as it was of public
interest. He said in the judgement
of the appellate court, it was stated
that the court ought to take judicial
notice that former attorney-gen-
eral Tan Sri Mohamed Apandi Ali
had made a decision that Najib
had done nothing wrong in the
1Malaysia Development Bhd issue.
Alternatively, Both Mohd Ha-
farizam and Malik Imtiaz request-
ed the court to adjourn the hearing
of the appeal pending disposal of
Pua’s appeal in the appellate court.
Najib sued Pua in his personal
capacity, alleging that the latter
had made defamatory statements
against him on a live video relat-
ing to the tabling of the RUU355.
He claimed that the video clip
uploaded by Pua or his agents on
his official Facebook site, entitled
“BN Govt abandons all Bills to give
precedence to PAS RUU355 Private
Member’s Bill”, could be accessed
widely and freely on the Internet.
On Aug 4, 2017, the Kuala Lum-
pur High Court granted Najib the
interim injunction to prevent Pua
from continuing to make state-
ments and air the video clip.
On Feb 14 last year, Pua failed
in his appeal in the Court of Ap-
peal to lift the interim injunction
order, prompting him to file leave
to appeal in the Federal Court.
On June 20 last year, the Federal
Court granted him leave to appeal.
On July 30 last year, the High
Court allowed Najib to withdraw
his suit against Pua despite the lat-
ter’s objection. Pua subsequently
appealed to the Court of Appeal.
— Bernama
Sirul loses asylum appeal
Ex-bodyguard may have committed non-political crime — court
KUALA LUMPUR: Sirul Azhar Umar,
a former bodyguard who was sen-
tenced to death in 2015 for the mur-
der of Mongolian interpreter Altan-
tuya Shaariibuu, could be deported
from Australia where he is currently
in detention as his appeal for polit-
ical asylum in Australia has been
rejected.
The Australian Broadcasting Cor-
poration (ABC) yesterday reported
that the court had rejected Sirul’s in-
itial claim of a political crime, and an
appeal on Monday, on the grounds
that it was not a political crime.
“There are serious reasons for
considering that the applicant com-
mitted in Malaysia a serious non-po-
‘No vote of no confidence against Dr M’
BY ADAM AZIZ
KUALA LUMPUR: Parti Amanah Ne-
gara (Amanah) president Moham-
ad Sabu, commonly known as Mat
Sabu, has denied speculation that
there is a plot to move a vote of no
confidence against Prime Minister
Tun Dr Mahathir Mohamad.
In a statement yesterday, Moham-
ad Sabu said the rumour was a ploy
by opposition parties to shift public
attention away from their leadership
Malay issues surface in Semenyih polls drive
BY M UIN ABDUL M A JID
SEMENYIH: Parties eyeing the Se-
menyih state seat have ramped up
campaign activities ahead of next
month’s by-election. Both Pakatan
Harapan and Barisan Nasional (BN)
candidates have turned down an offer
to take part in a debate planned by the
election watchdog Bersih, preferring
instead to spend time with voters on
the ground.
Prominent party figures have
joined in the campaigning in a bid
to secure votes in the March 2 polls.
Mindful that the Malay vote would
be a deciding factor in the by-election,
Pakatan has emphasised its commit-
ment to Malay interests, brushing
aside accusations to the contrary.
Addressing the matter during a
ceramah session in one of the tra-
ditional Malay villages here recent-
ly, Pakatan vice-president and PKR
deputy president Datuk Seri Mo-
hamed Azmin Ali said woes seen in
Malay-centric bodies like the Federal
Land Development Authority and
Lembaga Tabung Haji were not due
to Pakatan wrongdoing. This, he said,
occurred under the previous Um-
no-led BN administration.
“You [previously] had power but
you turned traitor to the Malays,”
Mohamed Azmin told the crowd.
Engineer Muhammad Aiman Zainali,
30, of Parti Pribumi Bersatu Malaysia
(Bersatu), is carrying the Pakatan flag
litical crime before entering Austral-
ia,” the tribunal ruled, reported ABC.
It found no suggestion “that a
state-ordered assassination would
amount to a political crime”.
A former bodyguard to ex-prime
minister Datuk Seri Najib Razak,
Sirul was sentenced to death in Ma-
laysia in 2015 along with his col-
league, Azilah Hadri, for the murder
of Altantuya.
They were found to have shot
Altantuya several times in the head
in a patch of jungle outside Kuala
Lumpur in 2006.
They were then said to have
blown up her body with mili-
tary-grade explosives.
crisis and “investigations against
some of their leaders” — likely allud-
ing to the Malaysian Anti-Corruption
Commission probe into the alleged
payment of RM90 million by Umno
to PAS to secure its backing.
“Amanah believes this effort was
made to shake the stability and dis-
turb the focus of the Pakatan Hara-
pan government currently working
hard for the people,” he said.
“It must be emphasised that the
issue of a vote of no confidence
Festoons of the rival coalitions have sprung up in the constituency ahead of the by-
election for the Semenyih state seat. Photo by Bernama
in the four-way contest for Semenyih,
which was won by the government
coalition in the 14th general election
(GE14) in May 2018. The other three
aspirants are Zakaria Hanafi, 58, of
BN, Nik Aziz Afiq Abdul, 25, from
Parti Sosialis Malaysia and independ-
ent candidate Kuan Chee Heng, 56.
Mohamed Azmin vowed that Se-
menyih would continue to enjoy pro-
gress under Pakatan.
“In Selangor, we defend the prin-
ciple of fairness for the people. The
Azilah is in jail, but Sirul, a for-
mer police corporal, has claimed
innocence, saying he had been or-
dered by his superiors to carry out
the killing.
Sirul has been in Sydney’s Vil-
lawood detention centre for more
than four years after he fled to Aus-
tralia in 2014 while on bail.
It is Australian policy not to de-
port anyone facing the death pen-
alty.
Altantuya had worked as a trans-
lator for a US$1 billion Malaysian
deal to buy French submarines,
which was embroiled in allega-
tions of bribery and kickbacks. —
Bernama
against Dr Mahathir did not arise
at all. Amanah and other compo-
nent parties of Pakatan Harapan are
standing strong behind Dr Mahathir
to undertake reform and improve
the nation’s governance,” he added.
Mohamad Sabu also called on
Amanah members to continue the
effort to expand and increase party
membership.
“We must work hard to ensure that
the Pakatan Harapan candidate wins
in the Semenyih by-election,” he said.
majority of us were the Malays; we
took care of the Malays; we defended
Islam. But we also safeguarded the
rights and interests of the Chinese
and Indians,” the economic affairs
minister said in his campaign pitch.
The Malays make up some 68% of the
voters in the Semenyih semi-urban
constituency.
The Semenyih seat fell vacant fol-
lowing the death of assemblyman
Bakhtiar Mohd Nor of Pakatan on
Jan 11. — Bernama
HOME 9
IN BRIEF
‘Papagomo, Syed Saddiq
incident a
misunderstanding’
SHAH ALAM: A preliminary
police investigation has estab-
lished that Umno Youth Exec-
utive Committee member Wan
Muhammad Azri Wan Deris,
the blogger better known as
Papagomo, did not commit any
serious offence against Youth
and Sports Minister Syed Sad-
diq Syed Abdul Rahman, it was
stated yesterday. Deputy In-
spector-General of Police Tan
Sri Noor Rashid Ibrahim said
Wan Muhammad Azri, who was
remanded for three days from
Monday, would be released
on a police bond. “It was not
a serious offence as to lead to
a quarrel; it was a misunder-
standing and there was some
shoving. He (Papagomo) can be
released on bail and the case
will be resolved soon,” he told
reporters. — Bernama
Meru assemblyman’s jail
sentence swapped for fine
for seditious speech
PUTRAJAYA: Meru assembly-
man Mohd Fakhrulrazi Mohd
Mokhtar’s eight-month jail
sentence for making a sedi-
tious speech during the #Kita-
Lawan rally in 2015 has been
changed to a RM1,800 fine by
the Court of Appeal. Judge Da-
tuk Umi Kalthum Abdul Majid,
who presided over the three-
man bench, swapped the jail
sentence handed down to the
39-year-old assemblyman by
the Sessions Court with the
fine after allowing his appeal
to swap his jail sentence for a
fine. “The court hereby allows
the appeal by Mohd Fakhrulra-
zi against the jail sentence and
change it to a RM1,800 fine in
default six months’ jail,” she
said. — Bernama
Musa seeks to transfer
graft case to High Court
KUALA LUMPUR: The defence
team of former Sabah chief
minister Tan Sri Musa Aman,
who is facing 35 counts of cor-
ruption involving US$63.3 mil-
lion (RM263 million) in con-
nection with timber concession
contracts in Sabah, has filed
an application to transfer the
case to the High Court. Lawyer
Francis Ng Aik Guan told High
Court Judge Mohamed Zaini
Mazlan that the defence had
filed the application yesterday.
The judge then set March 5 for
case management. — Bernama
Six die in fire at Ipoh
entertainment centre
IPOH: A fire at an entertain-
ment centre here yesterday re-
sulted in the deaths of six peo-
ple, three of them foreigners
and one person yet to be identi-
fied, according to the Perak Fire
and Rescue Department. Two
other people were critically in-
jured, while seven people were
safe in the blaze that occurred
at 5.40am on the fourth floor
of an eight-storey building in
Jalan Raja Dr Nazrin Shah here,
said department acting direc-
tor Sayani Saidon. — Bernama
10 B R O K E R S’ C A L L
Long-term positive
seen for Pengerang
due to location
Oil and gas sector
We are long-term positive on
Pengerang due to its strategic loca-
tion and availability of vacant land.
The Pengerang Integrated Petrole-
um Complex (PIPC) phase 2 devel-
opment which potentially involves
foreign international petrochemical
players could kick-start by 2020. Di-
alog Group Bhd (not-rated) will con-
tinue to be one of the key beneficiar-
ies of the Pengerang development
due to its exposure to the Pengerang
Deepwater Terminals (PDT) by Di-
alog, Pengerang LNG two (PLNG2),
engineering, procurement, construc-
tion and commissioning (EPCC)
and maintenance services. With the
Pengerang Interated Complex (PIC)
overall at 97% completion, we see
further diversification opportuni-
ties for Petronas Chemicals Group
Bhd (PetChem) into derivatives and
specialty chemicals. Additionally,
plant maintenance jobs would be
up for grabs for local services players
such as Dialog and Serba Dinamik
Holdings Bhd in the next two years.
The entire PIPC development will
be split into five phases on 22,904
acres (9,269ha) of land. Phase 1 is
in the midst of development and
10,642 acres of land have been tak-
en up, comprising: i) PIC by Petro-
nas (6,239 acres); ii) PDT) by Dialog
(1,300 acres); iii) Pengerang Industri-
al Park by Johor Corp (1,192 acres);
iv) Pengerang Eco-Industrial Park by
Serba Dinamik (68 acres); v) Sungai
Rengit Industrial Estate (170 acres);
and vi) Pengerang Maritime Indus-
trial Park by Benalec Holdings Bhd
(1673 acres). We understand that
Johor Petroleum Development Corp
Bhd is in talks with different investors
SunCon 4QFY18 result seen within expectations
Sunway Construction Group Bhd
FYE DEC (RM MIL) 2017A
Turnover 2,076
Ebit 165
PBT 174
Net profit 138
Core Patmi 134
Consensus (NP) na
Earnings revision na
Core EPS (sen) 10.3
Core EPS growth (%) 14
NDPS (sen) 7.0
NTA per share (RM) 0.4
Price to NTA (x) 3.9
PER (x) 16.1
Debt-to-equity ratio (x) 0.2
ROA (%) 7 6
ROE (%) 25
Net dividend yield (%) 4.2
Source: Kenanga Research
to several pre-conditions.
As PIC’s fabrication works are al-
most done and some are at the com-
missioning stage, plant and facilities
maintenance works will increase in
the next two years. We reckon that
Petronas will eventually award long-
term contracts to local services play-
ers with job prospect estimated at
RM2 billion to RM5 billion per an-
num (pa) in the future. Established
maintenance players with a busi-
ness presence in Johor such as Dia-
log (not-rated) and Serba Dinamik
(not-rated), in our view, are preferred.
Undoubtedly, Dialog will continue
to be one of the key beneficiaries of
Petronas LNG2. Pengerang’s development due to its
exposure in tank terminal business
in PDT, PLNG2, EPCC and mainte-
on phase 2 development involving nance services. We will also add its
1,899 acres of land, which will likely existing capacity by another 1.78 mil-
kick-start in 2020. This will provide lion tonnes pa or 14% by the second
further investment opportunities for half of 2019 with the completion of
international petrochemical players petrochemical plants. Further diver-
to expand their footprint in Malay- sification opportunities into deriva-
sia, which is in line with PIPC’s aim tives and specialty chemicals may be
to become an international petro- new catalyst to PetChem on the back
chemical hub. of a strong balance sheet (net cash
PIPC is strategically located adja- position of RM9.4 billion as of 3Q18).
cent to existing major international As of 31 Dec 2018, PIC achieved
shipping lanes. The water depth of overall progress of 97%. While the Pe-
24m enables very large crude car- tronas-Saudi Aramco jointly owned
riers (VLCC) and ultra large crude refinery has achieved crude charge-
carriers (ULCC) to berth at the jet- in to crude distillation unit in Oc-
ties. Phase 1 development will pro- tober and the steam cracker has
vide feedstock availability and in- achieved mechanical completion,
frastructure and utility readiness the petrochemical plants (50%-50%
for investors, potentially lowering owned by PetChem and Saudi Ar-
the cost of setting up business and amco) are at 93% completion and
operating expenses. Furthermore, will commence its operation in the
pioneer status and investment tax second half of 2019. Saudi Aramco
allowance would provide additional has also committed to supply 50%-
incentives for companies investing in 70% of the crude feedstock. — Hong
manufacturing in Malaysia subject Leong Investment Bank, Feb 20
Sunway Construction
Group Bhd
2018E 2019E (Feb 20, RM1.76)
2,318 2,527 Maintain underperform with a tar-
get price (TP) of RM1.40: Yesterday,
194 219
Sunway Construction Group Bhd
185 194 (SunCon) announced that it had
139 145 won a construction job from Tenaga
139 145 Nasional Bhd (TNB) worth RM781.3
148 157 million. The scope of work includes
0 8 the proposed construction of four of-
10.7 11.2 fice towers, one convention centre,
one interactive centre for electricity,
4 4
childcare facility and other facili-
7.0 6.5 ties to house TNB’s employees. The
0.5 0.5 construction work for the campus
3.6 3.2 is expected to be completed within
15.5 14.8 26 months upon commencement,
0.2 0.2 shorter compared with typical high-
6 rise jobs, which easily takes up to 36
months. We believe that the shorter
23 22
construction timeline is solely on su-
4.2 3.9 perstructure works as the substruc-
ture works for the campus could be
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
PetGas aims to provide
a sustainable FY18 DPS
Petronas Gas Bhd
(Feb 20, RM18.20)
Maintain sell with a fair value
(FV) of RM15.35: Management did
not provide estimates nor guidance
for the new gas transportation tar-
iffs under the current pilot struc-
ture, which has been effective since
the beginning of the year. Petronas
Gas Bhd (PetGas) affirmed that
the gas transportation segment’s
regulated asset base of 2.5 times
to three times against a histori-
cal book value was generally in
line with our estimate of 2.6 times
currently. Our return on an asset/
weighted average cost of capital
of 8% used in the computation of
the transportation base tariff is in
line with management’s range of
7% to 9% for Tenaga Nasional Bhd
and Gas Malaysia Bhd.
Given that the RM32.92/mmbtu
price of local natural gas is still at
a 23% discount against Malaysia’s
liquefied natural gas export price
of RM43/mmbtu (US$10.45/mmb-
tu) to Japan, Petronas Nasional
Bhd (Petronas) will remain the
only off-taker for PetGas’ pipe-
line capacity until the subsidies
are removed under the progres-
sive six-month programme. Given
Petronas’ utilisation of PetGas’
pipeline of 73% currently, its fa-
cilities are able to accommodate
third-party suppliers
Management indicated that Pet-
Gas aims to provide a sustainable
Petronas Gas Bhd
FYE DEC (RM MIL) 2018
Revenue 5,498.1
Core net profit 1,810.3
FD core EPS (sen) 91.5
FD core EPS growth (%) 1.0
Consensus net profit - 1,870
DPS (sen) 72.0
PER (x) 19.8
EV/Ebitda (x) 10.5
Dividend yield (%) 4.0
ROE (%) 14.2
Source: AmInvestment Bank
completed prior to this award.
This is SunCon’s first contract win
for the year and one of the largest to
date. While the contract award of
RM781.3 million came in within our
and management’s replenishment
target of RM1.5 billion for financial
year 2019 (FY19), the construction
timeline for this particular contract
came in as a surprise to us as it is 10
months shorter compared with our
assumptions of 36 months. Assuming
a pre-tax margin of 8%, this contract
would contribute around RM21.6
million to its bottom line per annum.
However, the outlook of the
sector remains uncertain due to
the recent review of government
spending on infrastructure jobs.
However, we believe strong players
like SunCon can weather through
these challenging times given their
strong parent’s (Sunway Bhd) sup-
port and competitiveness to secure
financial year 2018 (FY18) dividend
per share (DPS) of 72 sen, which
translates to a payout of 79% or 74%
based on core earnings against 71%
to 73% in FY16 to FY17.
Recall that under the Energy
Commission’s new guidelines for
the two three-year regulatory peri-
ods (RP) starting from Jan 1, 2020
to Dec 31, 2025, the optimised re-
placement cost valuation being
employed to calculate the base tar-
iff currently will be phased out and
replaced with historical cost over
these transitional periods. Our
forecasts have already incorporat-
ed the backloaded value erosion
from the new gas transportation
tariff structure, which translates
to a decrease in the gas transpor-
tation revenue by 5.6% in FY20F
(forecast) under RP1 and 17.9% in
FY23F in RP2. The stock currently
trades at an FY19F price-earnings
ratio (PER) of 19 times, 14% be-
low its three-year average of 22
times. However, these valuations
are unjustified given that PetGas’
recurring income and margins will
be declining progressively over a
prolonged trajectory due to the
new gas transportation framework.
We maintain our call on “sell”
recommendation for PetGas with
unchanged forecasts and sum-of-
parts-based FV of RM15.35 per
share, which implies an FY19F
PER of 16 times. — AmInvestment
Bank, Feb 20
2019F 2020F 2021F
5,297.0 5,266.7 5,304.3
1,892.5 1,871.6 1,887.1
95.6 94.6 95.4
4.5 (1.1) 0.8
1,835 1,881
72.0 72.0 72.0
18.9 19.2 19.0
10.8 10.9 10.6
4.0 4.0 4.0
14.3 13.7 13.4
huge jobs from the private sector.
For its upcoming fourth quarter
FY18 result that is set to be released
on Feb 25, 2019, we expect SunCon
to register a performance that falls
within our expectations.
Following this contract win, we
raised our FY19E (estimate) core
net profit by 8%, as we have factored
in the shorter execution timeline
for this project.
Therefore, we maintain our call
of “underperforming” due to the
strong performance of its share
price, which has registered a year-
to-date gain of 24.8%. Following the
revision in earnings, we also raised
our sum-of-parts-driven TP higher
to RM1.40 (previously RM1.30). We
ascribed 11 times FY19E price-earn-
ings ratio which is the highest valua-
tion range within our stock coverage
universe range of six to 11 times. —
Kenanga Research, Feb 20
12 B R O K E R S’ C A L L
KPJ gets strong support
from domestic operations
KPJ Healthcare Bhd
Maintain neutral with a revised
target price (TP) of RM1.14: KPJ
Healthcare Bhd’s (KPJ) fourth quar-
ter 2018 (4QFY18) earnings dropped
by 12.5% year-on-year (y-o-y) to
RM55.1 million. We believe this
was mainly due to underprovision
of staff costs. Nonetheless, the Ma-
laysian operations’ performance
remains intact. This led to higher
full-year FY18 earnings of RM181.6
million or 9.7% y-o-y. The result is
within ours and consensus expec-
tations, accounting for 95.5% and
100.9% of ours and consensus full-
year FY18 forecasts respectively.
The group’s earnings continue
to be supported by the Malaysian
operations where profit before tax
increased by 11.6% y-o-y to RM278.2
million. This is driven by the higher
profitability achieved particularly
for KPJ Rawang, KPJ Bandar Ma-
harani and KPJ Pasir Gudang as a
result of an increase in the number
of patient visits, number of beds
and surgeries.
For FY18, we note that the num-
ber of admissions for inpatients for
Malaysian hospitals went up by 4.6%
y-o-y while outpatient admissions
increased by 2.7% y-o-y. This was
contributed by the addition of 14
new consultants from various dis-
ciplines. However, the occupancy
rate for beds and the average length
of stay remained the same as FY17
at 65.0% and 2.5 days respectively.
Three new greenfield develop-
ments are slated to open in FY19
are KPJ Bandar Dato Onn (opened
on Feb 19, 2019), KPJ Kuching
(2QFY19) and KPJ Miri (2QFY19).
Seasonally stronger quarter for OCK seen
OCK Group Bhd
Maintain a buy with a target price
(TP) of 89 sen: OCK remains our
preferred small-capitalised sector
pick and is scheduled to announce
its fourth quarter financial year 2018
(4QFY18) results on Feb 26, 2019. We
expect a seasonally stronger quarter
on better margins with the towerco
(tower business) leasing as the key
growth driver.
OCK trades at eight times FY19F
enterprise value/earnings before
interest, taxes, depreciation and
amortisation (EV/Ebitda), below
its historical five-year mean of nine
times, and at a discount to its Indo-
nesian towerco peers.
The valuations are supported by
the positive outlook of its regional
towerco businesses and the increas-
ing base of recurring revenues.
The key risks are weaker-than-ex-
pected earnings and operational
execution. The eventual spin-off
of its tower business unit is a major
upside risk.
A tighter focus on cash flow and
working capital going forward,
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Hup Seng
showing
attractive
dividends
Hup Seng Industries Bhd
Maintain a buy with a tar-
get price (TP) of RM1.24:
Hup Seng Industries Bhd’s
financial year 2018’s (FY18)
KPJ Healthcare Bhd be reported in the profit or loss state- adjusted net profit of RM43.7
ment instead of rental expense of million came in within our
FYE DEC (RM MIL) 2016 2017 2018 2019F 2020F land and building. As guided by and consensus expectations
Revenue 3,021.1 3,180.0 3,308.1 3,887.0 4,275.7 management, FY19 and FY20 earn- at 97% and 98% respectively.
Cost of sales (2,123.1) (2,214.7) (2,289.3) (2,674.3) (2,937.4)
ings will be dragged by about -RM17 The group declared a third
million and -RM16 million due to interim dividend of two sen/
Gross profit 898.0 965.4 1,018.8 1,212.8 1,338.3 the depreciation charges and higher share, bringing the year-to-
Finance costs (83.1) (80.0) (89.6) (97.2) (80.3) interest expenses in the initial years. date dividend to six sen (FY17:
Profit before tax 210.2 233.3 266.5 279.9 316.4 Nonetheless, the plan to sell sev- six sen/share).
Income tax expense (50.5) (56.1) (72.7) (75.6) (85.4) en of its hospitals to Al-Aqar Health- Our FY18 revenue in-
Net profit 155.9 165.5 181.6 204.3 231.0 care REIT will be completed by 2022 creased by 2.6% year-on-year
GP margin (%) 29.7 30.4 30.8 31.2 31.3 and the proceeds will be used to (y-o-y) to RM307.4 million at-
PBT margin (%) 7.0 7.3 8.1 7.2 7.4
pare down half of its debt. tributable to stronger domes-
We are revising our FY19F (fore- tic sales up by 4% y-o-y from
Net profit margin (%) 5.2 5.2 5.5 5.3 5.4 cast) downwards by -4.6% as we in- modern and wholesale chan-
EPS (sen) 3.3 3.8 4.0 4.3 4.9 put the impact of adoption of MFRS nels and marginal growth in
PER (x) 3.1 15.2 5.2 7.4 13.1 16 to the group’s earnings. However, export sales increased by 0.4%
Dividend per share (sen) 32.7 28.4 27.0 25.2 22.3 we expect a strong growth of the Ma- y-o-y.
Dividend yield (%) 1.6 1.6 2.0 2.4 2.7 laysian segment and lower interest However, profit before tax
Source: MIDF Research
expense will mitigate the impact of declined to RM57.8 million
MFRS 16 in the later year. or 2.7% y-o-y owing to high-
Therefore, we are expecting fur- er input cost and lower ex-
In addition, KPJ Ampang Puteri, regulations imposed by the govern- ther improvements in terms of rev- port revenue impacted by the
KPJ’s major brownfield develop- ment over cases and treatment on enue contributions from KPJ’s new stronger ringgit in 1HFY18.
ment, is in the midst of expanding patients under Badan Penyeleng- hospitals as well as its more matured In terms of profitability,
its hospital building and targeted to gara Jaminan Sosial scheme, an hospitals. FY18 operating margin came
be completed in the 2QFY19. Indonesian National Health Insur- The aggressive opening of green- in lower at 19.6% (-1 point)
The aforementioned develop- ance System. field and brownfield developments owing to abovementioned
ments are expected to add 437 op- The Malaysian Financial Report- would further accelerate the reve- reasons.
erating beds, a 14.1% y-o-y increase ing Standard (MFRS) 16 Leases, nue growth rate for the year. Hup Seng’s cash pile was
in operating bed and hence, will which are mandatory to be adopt- However, we expect the Indone- hefty at RM96.3 million, circa
boost the group’s revenue in FY19. ed from Jan 1, 2019, requires the sian operations to remain loss-mak- 12 sen per share. The group’s
FY18 revenue from the Indone- group to reflect all 18 of its sale and ing in the foreseeable term. net cash position is viewed fa-
sian segment declined by -11% y-o-y leaseback hospitals which were pre- All factors considered, we are vourably as it would support
and this resulted in a net loss of RM7 viously off-balance sheet. maintaining our “neutral” recom- our FY19 dividend per share
million. This was mainly contribut- The standard requires the group mendation. The key risks to our assumption of six sen.
ed by the lower patient admissions to recognise a right-of-use of these call recommendation are: (i) de- We raise our FY19 and
recorded at Rumah Sakit Medika hospitals and lease liability reflect- lay in opening of new hospitals; FY20 earnings projections
Bumi Serpong Damai with inpatient ing all future lease payments. As a (ii) longer-than expected gestation higher by 4.6% and 1.3% re-
numbers dropping by 21.5% y-o-y result, total assets and total liabil- period for new hospitals; (iii) low- spectively after factoring in
and outpatients by 9.8% y-o-y. The ities are expected to increase sig- er-than-expected inpatient admis- the impact from lower operat-
lower number of patients in Indo- nificantly. sions and revenue per patient; and, ing expenses, which are partly
nesia was partly caused by the lack Going forward, depreciation increase in operation costs. — MIDF offset by higher input costs.
of contract doctors and the stricter charges and interest expenses will Research, Feb 20 We also introduce our FY21
earnings forecast of RM53.4
million, representing an earn-
ings growth of 10.1% and in-
crease our dividend expecta-
tion of FY19/20 to six sen/six
sen from five sen to 5.5 sen.
We are optimistic about the
OCK Group Bhd collection days currently, this could group’s effort in broadening
potentially unlock RM80 million to its distribution networks and
FYE DEC (RM MIL) 2016 2017 2018F 2019F 2020F RM100 million in cash, based on product innovation to keep
Total turnover 402 485 548 608 677 our estimates. the company competitive in
Recurring net profit 22.3 25.7 27.3 28.8 31.3 OCK recently bagged a 300- the market.
site build-and-lease contract from Moreover, the endeavour to
Recurring net profit
a local mobile operator, which is rationalise its operations shall
growth (%) 1.9 15.1 6.6 5.2 8.9
aggressively rolling out its Fourth keep the company’s operat-
Recurring PER (x) 29.6 25.7 24.1 22.9 21.0 Generation network. Tower leas- ing expenses at a manageable
P/BV (x) 0.8 0.6 0.5 0.5 0.4 ing made up 26% of the revenue in level and reckon Hup Seng to
P/CF (x) (21.2) 35.1 11.7 4.0 83.6 9MFY18 and is projected to widen be a gem to dividend-seeking
Dividend yield (%) 1.0 0.0 0.0 0.0 0.0 to 30% by end-FY19, supported by investors who also expect the
EV/Ebitda (x) 10.3 10.0 8.6 7.9 8.2 merger and acquisition and addi- weakness in the ringgit.
ROE (%) 5.5 5.4 5.3 4.9 5.4
tional site tenancies. Based on our sensitivity
OCK’s share price is up 35% year- analysis, if the ringgit weakens
Net debt to equity (%) 3.8 69.9 58.9 50.3 90.7
to-date, having been sold down 54% from 4.05/US dollar to 4.15/
Interest coverage (x) 5.5 3.0 3.4 3.5 3.2 in 2018 due to the general aversion US dollar, Hup Seng’s earn-
Sources: Company data, RHB over small caps and concerns over ings are expected to improve
its potential exclusion as a com- by circa 2%, ceteris paribus,
ponent of the FBM Shariah in the considering 30% of its sales
alongside cost discipline are ex- FY16 to 0.9 times as at 3QFY18. November 2018 review, which did come from exports.
pected. The management is exploring not materialise as the stocks remain Therefore, we roll forward
Given that the towerco busi- alternative funding options and has Shariah-compliant. the valuation base year and
ness tends to be capital expend- ruled out a cash call. The listing of While there is still risk that the raise our TP to RM1.24 (from
iture-heavy in the initial years its towerco business (OCK SEA Pte stock may be excluded in the next RM1.19 previously) based on
(acquisitions and build-and-lease- Ltd) in the medium to longer term review end of May 2019, Shariah-re- divident discount model val-
back agreements), the group’s re- should relieve pressure on its bal- lated funds currently hold less than uation (k: 7.8%, g: 2.5%) and
gional forays have lifted its net ance sheet. 1% of the group as at end-January. maintain a “buy”. — TA Secu-
gearing from 0.04 times at end Assuming OCK halves its debt — RHB Research Institute, Feb 20 rities, Feb 20
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Bad jobs data could bite
a slowing China
Officials want to paint a rosy picture of employment given their mortal fear of labour unrest
BY CH R I S TOPHER B A L DI NG
C
hina has long been
criticised both for its
obsession with gross
domestic product
(GDP) statistics and
their quality: Pressur-
ing cadres to meet growth targets
has encouraged a risky buildup of
debt and, at times, the outright fab-
rication of numbers. If anything,
though, the quality of China’s offi-
cial employment data is even worse
— and the inaccuracies could have
equally dangerous repercussions.
Until relatively recently, Chinese
GDP growth would fluctuate even
while remaining robust. The same
cannot be said for jobless numbers.
From 2002 to 2017, the Chinese un-
employment rate never rose above
4.3% or dropped below 3.9%. At the
beginning of 2018, the government
released a new, supposedly more
accurate measure that by the end
of the year had produced a startling
estimate of ... 3.8%. Officially, China
created 13 million jobs during the
year, two million more than its target.
This seems less than credible for
several reasons. Particularly towards
the end of 2018, export-related indus-
tries began to cut back due to trade
tensions with the US. One survey
released last month showed labour
demand at trade-related manufac-
turers had dropped 40% in the fourth
quarter compared with a year earlier.
An official survey of large industrial
Trump tariff threat leaves EU looking for plan B
BY L I O N E L L AU REN T
THE European Union (EU) should
“stop grumbling about Trump and
start doing business with him”, ac-
cording to Dutch Prime Minister
Mark Rutte. That will be easier said
than done. For why, look no further
than the US President’s threatened
auto tariffs.
The US is looking at unilaterally
imposing a 25% tariff on cars im-
ported from abroad on the flimsy
ground they are a threat to national
security. Such a measure would be
costly for Europe’s export power-
house of Germany, as my colleague
Leonid Bershidsky has pointed out
— but would also hit jobs in Amer-
ica’s auto industry as supply chains
are disrupted.
So what could Europe do to
avoid a trade war? There is hope
that cooler minds will prevail and
Trump might just back down, as
voices within the Republican Party
and US business warn against self-
harm, according to UniCredit SpA
economist Daniel Vernazza.
But it is a risky bet. Trump’s be-
firms recorded a 2.8 million decline
in jobs in the 12 months through No-
vember. Nearly 60% of manufacturers
polled by UBS Group AG said they
had either cut staff already because
of trade tensions or planned to do
so in the next six months.
The government’s deleveraging
campaign — meant to unwind all
that debt accumulated to prop up
GDP growth — has also hit the pri-
vate sector hardest. Those compa-
nies were responsible for 90% of
the new jobs created in 2017. At the
same time, China is facing longer-
term headwinds. Robots are replac-
ing workers in many large factories.
And the country is contending with
the usual difficulties of the mid-
haviour so far suggests a preference
for unilateral action that seeks to un-
dermine multilateral institutions like
the World Trade Organization (WTO)
and redraft existing arrangements to
America’s advantage. Would he ever
permanently withdraw a tariff threat?
Alternatively, the EU could give
the president the bilateral deal he is
craving: Germany is open to “zero”
tariffs on cars, according to Econ-
omy Minister Peter Altmaier, al-
though on Tuesday he said that
trade talks with the US were reach-
ing the “most difficult part”. That
may be a way of saying tariff-free
trade sounds like a stretch.
Reaching a deal quickly would
mean clearing a mountain of ob-
jections on both sides. Trump com-
plains about relatively high tariff
barriers from the EU and resistance
to opening up its agriculture mar-
kets, while the EU complains about
protectionist “Buy-American” provi-
sions. Going by Trump’s behaviour
and rhetoric, it is Europe that would
have to make big concessions.
That bloc could still find other
ways to respond, by protecting its
dle-income trap, when skills be-
come obsolete at an increasing rate.
As much as the government would
like to build up world-class semi-
conductor and artificial intelligence
industries, turning coal miners into
coders will take years, if it is possible
at all. Laid-off factory workers seem
to be turning instead to low-qual-
ity service sector jobs as security
guards, couriers and the like.
How exactly all this is playing out
remains largely a matter of conjec-
ture. Academic research in China has
a long history of trying to estimate the
true rate of unemployment in China.
(Some measures suggest it reached
as high as 13.4% in provincial capitals
in 2007, with much greater volatility
EU flags flying outside the Berlaymont building in Brussels. Europe could try to build an
alliance of countries to counteract the blocking tactic of the US. Photo by Bloomberg
own market and upholding the
principles of multilateralism. Ac-
cording to Maria Demertzis, the
deputy director of the Bruegel think
tank, it means retaliating swiftly
and in kind to any tariffs imposed
by the US — something the EU has
reiterated it would do.
Workers assembling
a vehicle at the Xpeng
Motors Technology
Ltd prototype centre in
Guangzhou, China. Skills
are becoming obsolete
at an increasing rate.
The government would
like to build up world-
class semiconductor and
artificial intelligence
industries but turning
coal miners into coders
will take years. Photo by
Bloomberg
than official figures would indicate.)
Banks from Goldman Sachs Group
Inc to Jefferies Financial Group Inc
have devised various employment
trackers that do things like crawl
Chinese job sites to see what posi-
tions employers are offering. Capital
Economics Ltd recently found that
web searches in China of terms such
as “lay-offs” had reached an all-time
high, above even 2008.
The uncertainty further compli-
cates policymakers’ own jobs. Offi-
cials have issued a slew of measures
to combat joblessness, including
promising to create one million in-
ternships between now and 2021, in-
creasing job retraining programmes,
refunding unemployment insurance
It also means refusing to give
in to the short-term temptation of
making big concessions to convince
Trump not to pull the trigger. Europe
could offer tomorrow to reduce ex-
ports to the US, smooth things over
with other trade partners, withdraw
its complaints against the Trump
COMMENT 13
payments for companies that avoid
lay-offs, and giving subsidies to un-
employed young workers. They have
also tried various schemes to in-
crease lending to private businesses.
But, it is hard to know how much
further the government should go
to stimulate the economy. For in-
stance, China seems to be leaning
on 2018 tax cuts and considering
further value-added tax or income
tax cuts to juice growth and con-
sumption. A surge in credit growth
in January seems to imply Beijing
is opening the credit taps again. If
unemployment is indeed steady,
then this policy mix might make
sense. On the other hand, cut-
ting income taxes for newly laid-
off workers probably will not help
them much. Additionally, much
employment data is focused on
urban areas and formal workers,
which means stimulus policies run
the risk of ignoring large swathes
of the population.
It is easy to see why officials want
to paint a rosy picture of employment
in China, given their mortal fear of
labour unrest. Especially in a year
filled with symbolic anniversaries
— from the 100th anniversary of
the May Fourth Movement, to the
30th anniversary of the Tiananmen
Square massacre — the government
is hardly likely to embrace full trans-
parency and accuracy in jobless data.
Refusing to face up to the situation,
though, is only going to make their
jobs even harder. — Bloomberg
administration at the WTO, and
slash non-tariff and tariff barriers
to trade. But there would be signif-
icant long-term costs — not least
that others might be emboldened
to take unilateral action.
At the WTO, Europe could try
to build an alliance of countries
to counteract the blocking tactic
of the US. With the appeals court
being drained of nominated judg-
es, creating an alternative process
would be a big step forward.
The EU could also try working
with other countries in order to
achieve goals such levelling the
trade playing field with China. Tri-
lateral talks among Europe, Japan
and the US are being used to find
common ground against industrial
subsidies, forced technology trans-
fers and WTO reform. They could
continue, even as Trump pushes for
a bilateral deal with China.
Europe has a lot to lose from an
escalating trade spat, with around
0.3% of euro-area GDP at risk, ac-
cording to Bank of America. If the
tensions cannot be defused, Europe
needs a clear plan B. — Bloomberg
14 W O R L D B U S I N E S S
Chinese biotech stock soars
Wuxi Biologics Cayman shares surge after tipping profit doubled in 2018
BY DA N I EL A WEI
HONG KONG: Wuxi Biologics Cay-
man Inc shares surged the most
in 11 months after the drugmaker
said 2018 profit likely more than
doubled from a year ago, buoyed
by higher interest income, healthy
margins and more drugs nearing
commercialisation.
Wuxi reported profit of about
250 million yuan in the first half
of 2018, 171% higher from a year
Tycoon warned
of jail sentence
in India over
Ericsson dispute
BY U PMA N Y U T RI VEDI
& N UPU R ACHA RYA
NEW DELHI/MUMBAI: India’s
top court warned billionaire
Anil Ambani (pic) he will be put
behind bars unless his group
pays its dues to Swedish suppli-
er Ericsson AB, the latest twist
in a dispute that helped push
the tycoon’s mobile-phone car-
rier to file for bankruptcy.
Ambani, 59, disobeyed an
earlier Supreme Court order
for his Reliance Communica-
tions Ltd to pay 5.5 billion ru-
pees (RM314.7 million) to Er-
icsson’s Indian unit, the court
ruled yesterday. If payments are
not made within four weeks,
Ambani will be jailed for three
months, the court said.
The decision marks the latest
setback for the tycoon, whose
Reliance Communications filed
for bankruptcy earlier this year
after it struggled to repay about
US$6.3 billion (RM25.64 bil-
lion) in debt. Ambani saw his
telecom fortunes crash after
his elder brother, Asia’s richest
man, stormed into the industry
by offering free calls and trig-
gering a price war.
The two-judge bench head-
ed by Justice Rohinton F Na-
riman also ordered Reliance
Communications and two af-
filiates — Reliance Infratel Ltd
and Reliance Telecom Ltd — to
pay 10 million rupees each as
fines. — Bloomberg
ago. Its financial results for 2018
are expected in mid-March.
Shares in the Shanghai-based
drugmaker advanced as much as
13% yesterday, outperforming the
benchmark MSCI China Health
Care Index after the company post-
ed a “positive profit alert” in an
exchange filing. The jump extends
Wuxi’s year-to-date gain to 42% af-
ter dropping in the second half of
last year amid a sell-off in Chinese
healthcare stocks.
Cathay Pacific to end record run
of losses on Hogg’s revamp
BY KYUNGHEE PAR K
SINGAPORE: Cathay Pacific Air-
ways Ltd forecasts an end to a record
two-year run of losses as a revamp
kicked off by Asia’s biggest interna-
tional carrier starts to yield results.
The Hong Kong-based airline
expects to announce next month a
profit for 2018, helped in part by a
strong cargo business and growth
in passenger-carrying capacity. Ca-
thay Pacific fired workers and pared
back its overseas operations after
losses from fuel hedging plunged
the company into losses.
Billionaire Lohia’s company seen as Thailand’s top stock pick
BY LEE M ILLER
BANGKOK: A 25% slump in the
share price of billionaire Aloke
Lohia’s Indorama Ventures Pcl
does not have analysts worried.
Instead, the stock is now rated the
best equity buy among Thailand’s
largest companies.
Bangkok-based Indorama, with
products ranging from Nestle SA
packaging to materials for Zara
clothing, is forecast to surge 49%
The Chinese maker of antibody
drugs and biologics attributed
the profit gains partly to a “strong
growth in revenue, as a result of
more projects entering into late
phase”. Foreign exchange gains
compared to losses the year be-
fore, and higher interest income
were the other contributors.
Wuxi’s efforts to introduce newer
drugs into the market will get a tail-
wind from Chinese policymakers
who are pushing for cheaper and
Chief executive officer Rupert
Hogg, who assumed the top post
about two years ago, has been at-
tempting to turn around the air-
line amid a massive expansion by
Chinese carriers that reduced their
need to fly to Cathay Pacific’s Hong
Kong base for long-distance travel.
With a slew of budget airlines luring
cost-conscious travellers and Mid-
dle Eastern rivals such as Emirates
and Etihad offering ultra luxury,
Asia’s premium carriers Singapore
Airlines Ltd and Cathay Pacific have
faced intense competition.
A drop in global oil prices and
within a year based on the gap be-
tween the current share price and
consensus 12-month target among
19 analysts.
The company announced or
completed acquisitions in Brazil,
Nigeria, the US, Germany, Egypt
and India in the past five months
to diversify supply and boost mar-
gins, which have been squeezed
on many chemical products be-
cause of higher feedstock costs.
Shares lost about a quarter of
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
quicker access to healthcare for a
growing middle class in the world’s
second-biggest pharmaceutical
market. While reining in prices of
non-patented drugs, Beijing is also
giving tax breaks and speeding up
approvals of novel drugs.
Only one brokerage recom-
mends holding the stock, accord-
ing to data compiled by Bloomb-
erg, while the remaining 15 have
a “buy” rating on the stock. —
Bloomberg
paring back of aggressive capaci-
ty expansion by rival airlines have
helped the cause of Cathay Pacific
and Singapore Air, whose profit in
the fiscal year ended in March 2018
more than doubled. Qantas Airways
Ltd, Australia’s biggest airline, will
report earnings today.
“Its overhaul is delivering,” Ra-
hul Kapoor and Chris Mucken-
sturm wrote after Cathay Pacific’s
announcement. “Cathay Pacific’s
earnings recovery should accel-
erate as it benefits from continued
improvement in its core passenger
business.” — Bloomberg
Cathay Pacific expects to
announce next month a profit
for 2018, helped in part by a
strong cargo business and
growth in passenger-carrying
capacity. Photo by Reuters
their value since early October,
when margins on ethylene in
North Asia were near the nar-
rowest in about three years, and
have lagged the broader market
as investors assess spreads in the
chemicals industry.
“With its global footprint, the
company is well positioned to man-
age margins, which are resilient in
the US and Europe, even though
they are iffy in the Asia segment be-
cause we don’t know what China is
Sony opens up
internal start-up
programme to
anyone with ideas
BY Y UJ I N A K A MUR A
TOKYO: Sony Corp, once known
for innovations like the Walkman,
will begin to back entrepreneurs
outside the company with mon-
ey, marketing support and more
as it seeks more breakthroughs.
The Tokyo-based company
said yesterday it would open
up an internal accelerator pro-
gramme to external entrepre-
neurs, including a partnership
with Tokyo University under
which students can turn ideas
into businesses. Depending
on the opportunity, Sony may
invest, strike an alliance, pro-
vide office space or support the
start-ups with its own market-
ing and sales expertise. It may
also acquire the businesses.
“All kinds of people should
have a chance to be an entre-
preneur, that’s our slogan,”
said Shinji Odashima, head
of Sony’s accelerator pro-
gramme, at an event here.
“We’ll offer the know-how
and the environment of our
enterprise. Through these
things, we want to realise the
vision of creators.”
After years of restructuring
put it back on solid financial
footing but gutted thousands of
engineering jobs, Sony is again
looking for innovation under
chief executive officer Kenichiro
Yoshida. This month, the com-
pany cut its annual revenue fore-
cast and reported weaker prof-
its in the PlayStation business,
triggering the sharpest share
drop in more than three years.
A week later, it announced its
largest stock buy-back ever to
support the shares.
The initiative, now known as
Sony Startup Accelerator Pro-
gramme, was started in 2014
by Yoshida’s predecessor, Ka-
zuo Hirai, to encourage inno-
vation and risk-taking among
employees.
The most prominent so far
include smartwatches line
Wena, the digital smell dis-
penser Aromastic, and self-fly-
ing drone start-up AeroSense.
Another product called toio,
small toy robots that can be
programmed to perform cus-
tom games, was brought into
the PlayStation division late
last year. — Bloomberg
doing,” said Maria Lapiz, managing
director at Maybank Kim Eng Se-
curities (Thailand) Pcl in Bangkok.
“Share price recovery will be
predicated by spreads,” she said. If
its spread stays relatively resilient,
that may lead to investors revisit-
ing its business model, she added.
Indorama shares closed on
Monday at 46.25 baht (RM6.05),
down 25% from Oct 3. Maybank
Kim Eng’s 12-month target is 79
baht. — Bloomberg
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Palladium
smashes
US$1,500
on shortage
BY R AN J EETHA PA KI A M
SINGAPORE: Palladium surged
above US$1,500 (RM6,105) an
ounce to a record, extending
a powerful rally that has been
driven by an acute shortage of
supply as car manufacturers
scramble to get hold of the ma-
terial to meet stringent emis-
sion controls. The advance will
benefit top suppliers in Russia
and South Africa.
Spot palladium surged as
much as 1.7% to US$1,505.46
an ounce, and traded at
US$1,494.59 at 6.13am in Lon-
don, with prices set for a sev-
enth straight monthly gain.
Meanwhile, gold rallied to a
10-month high, while silver
and platinum both climbed.
The silvery-white metal has
more than tripled since Jan-
uary 2016, and Citigroup Inc
said this month that further
gains may be in store, warning
that the market will only bal-
ance with a shock to demand
and prices may hit US$1,600.
The global deficit looks set to
“widen dramatically” this year,
according to Johnson Matthey
plc, a leading maker of auto-
catalysts, and BlackRock Inc’s
Evy Hambro told Bloomberg
TV this week that a “massive
shortage” has built up as the
auto market moves away from
diesel-powered vehicles. —
Bloomberg
Musk revises
Tesla production
forecast
BY A N G U S WH I T L EY
SYDNEY: Elon Musk corrected
a prediction for how many cars
Tesla Inc would make in 2019,
just hours after tweeting that
production would reach about
500,000 vehicles this year.
The electric-car pioneer said
he intended to say Tesla expects
to be making cars at an annual
rate of about 500,000 by the end
of 2019, according to a tweet
from the chief executive officer.
Musk said Tesla still forecasts
deliveries of about 400,000 ve-
hicles this year.
Musk’s earlier tweet that Te-
sla would make about 500,000
cars in 2019 was difficult to
gauge — given his proclivity for
setting stretch goals — and was
greeted with some scepticism
on Twitter. The number he put
in the posting late on Tuesday
was roughly in line with his
previous comments, but that
depends on which figure in-
vestors paid attention to when
Tesla reported earnings on Jan
30. — Bloomberg
China delays coal
imports from Australia
The measures come as tensions simmer between the two countries
BY JING YANG & JASMINE NG
SHANGHAI/SINGAPORE: China
has delayed customs clearance of
coal imports from Australia by as
long as 40 days, according to a lead-
ing industry body, raising specula-
tion that the world’s biggest shipper
of the commodity is being targeted
at a time of strained relations be-
tween the two nations.
Customs officials are taking
longer to clear Australian coking
coal imports, especially in northern
regions, Han Lei, an analyst of the
China Coal Transport and Distri-
bution Association, said yesterday.
A few southern ports have started
to slow approvals of thermal coal
Ford to close oldest Brazil plant
BY MARCELO ROCHABRUN,
ALBERTO ALER IGI & BE N K LAYM AN
SAO PAULO/DETROIT: Ford Motor
Co said on Tuesday it will close its
oldest factory in Brazil and exit its
heavy commercial truck business in
South America, a move that could
cost more than 2,700 jobs as part of
a restructuring meant to end losses
around the world.
Ford previously said the global
reorganisation, to impact thou-
sands of jobs and possible plant
closures in Europe, would result in
US$11 billion (RM44.77 billion) in
charges. Following that announce-
ment, analysts and investors had
expected a similar restructuring in
South America. Ford chief execu-
tive officer Jim Hackett said last
month investors would not have to
wait long for the South American
reorganisation plan.
The factory slated for closure
from Australia as well, he said.
The measures, in place since
last month, come as political ten-
sions simmer between Australia
and China, its biggest trading part-
ner. Calls seeking comment from
China’s General Administration of
Customs were not answered.
In recent months, Australia has
knocked back a takeover bid by a
China-linked company, clamped
down on technology investments,
and agreed to work with the US on
a naval base in Papua New Guinea,
a move seen as a direct counter to
China’s influence in the Pacific.
For its part, China in November
launched an anti-dumping probe
into imports of Australian barley.
is in Sao Bernardo do Campo, an
industrial suburb of Sao Paulo that
has operated since 1967. It first pro-
duced a number of auto models
before being switched predomi-
nantly to trucks in 2001. It makes
the F-4000 and F-350 trucks, and
the Fiesta small car, a sales laggard.
The factory closure may mean
Ford is refocusing on the core of
W O R L D B U S I N E S S 15
“China is sending a warning sign
to Australia amid the two countries’
deteriorating relations since last
year,” Feng Dongbin, the chief an-
alyst of China Coal Resource, said
by phone from the Shanxi province.
“Overall, China is still determined
to control imports this year, but this
time it starts with Australia.”
China regularly tweaks import
limits to steer its coal market, the
world’s largest. Those measures
typically target thermal coal as the
government tries to ease the coun-
try’s reliance on the fuel. The curbs
this year are aimed mainly at coking
coal. Australia is the world’s largest
exporter of this variety, which is
used to make steel. — Bloomberg
A file pic of new trucks
at a parking lot of
Ford’s factory in Sao
Bernardo do Campo,
Brazil. The factory first
produced a number
of auto models
before switching
predominantly to
trucks in 2001. Photo
by Reuters
its car business in Latin America’s
largest economy, based in a much
newer factory in the north-eastern
state of Bahia. But the job cuts in
Brazil’s industrial heartland repre-
sent a psychological blow for the
new administration of far-right
President Jair Bolsonaro, which
is battling an unemployment rate
above 11%. — Reuters
IN BRIEF
Yield curve inversion
trade seen roaring back
after FOMC minutes
SAN FRANCISCO: Yesterday’s
release of minutes from the
Federal Open Market Commit-
tee’s (FOMC) January meeting
has the potential to send one of
the most widely followed parts
of the Treasury yield curve hur-
tling towards inversion within
a matter of weeks. That was
the view of BMO strategist
Jon Hill, who said the gap be-
tween two- and 10-year notes
— which bottomed out at 9.1
basis points in December and
currently stands at about 14.3
basis points — could resume
its narrowing trend should
the minutes tilt either of two
ways: The US Federal Reserve
(Fed) signals that another in-
terest-rate increase may be
on the horizon even without
clear signs of longer-run US
economic improvement, or if
policymakers see the risks of a
recession as greater than they
have let on while reaffirming a
preference for keeping the Fed
funds target rate unchanged.
— Bloomberg
Microsoft expands
political security service
to 12 European countries
BENGALURU: Microsoft Corp
yesterday said it will offer its
cybersecurity service Account-
Guard to 12 new markets in
Europe, including Germany,
France and Spain, to close se-
curity gaps and protect cus-
tomers in political space from
hacking. Microsoft has recent-
ly detected attacks, which oc-
curred between September
and December 2018, target-
ing employees of the German
Council on Foreign Relations
and European offices of The As-
pen Institute and the German
Marshall Fund, the company
said in a blog post. — Reuters
Glencore said to plan
to cap coal output in
climate shift
MELBOURNE: Glencore plc
plans to cap coal production
— which will include restric-
tions on any new mine acquisi-
tions — in response to investor
pressure for action on climate
change, according to sources.
The firm will set out proposals
to limit output of thermal and
metallurgical coal at around
current guidance levels of 145
million tonnes a year, said two
people who asked not to be
identified as the details were
confidential ahead of an an-
nouncement. — Bloomberg
Walton family fortune
increases US$3.3b on
Walmart earnings
NEW YORK: Walmart Inc’s
best holiday quarter in a dec-
ade meant a US$3.3 billion
(RM13.43 billion) gain on Tues-
day in the Walton family for-
tune. Its shares rose 2.2% after it
reported fourth-quarter results,
pushing the founder family’s
wealth to US$175.2 billion, ac-
cording to the Bloomberg Bil-
lionaires Index. — Bloomberg
16 FO CU S
Trump ‘in no rush’ on
North Korea denuclearisation
He despatches special envoy to Hanoi to finalise preparations for meeting with Kim next week
BY JEF F MA SON
& DAVID BRUNNSTROM
U
S President Don-
ald Trump said on
Tuesday he wants
North Korea to end
its nuclear pro-
gramme, but has no
pressing time schedule for this, as
he despatched his special envoy to
finalise preparations for a second
summit with North Korean leader
Kim Jong-un next week.
Speaking to reporters at the
White House, Trump said sanctions
against North Korea would remain
in place in the meantime and noted
Pyongyang’s freeze in nuclear and
missile testing since 2017.
“I’m in no rush. There’s no test-
ing. As long as there is no testing,
I’m in no rush. If there’s testing,
that’s another deal,” he said. “I’d
just like to see ultimately denu-
clearisation of North Korea.”
US Secretary of State Mike Pom-
peo said of Kim last week it was
“time for him to deliver,” but the
Trump administration has moved
away from demands that North
Korea give up its nuclear weapons
immediately and has appeared to
adopt a more gradual, reciprocal ap-
proach Pyongyang has insisted on.
The US State Department said
US special representative for North
Korea, Stephen Biegun, was trav-
elling to Hanoi on Tuesday to con-
tinue preparations for Trump’s sec-
ond summit with Kim scheduled
for Feb 27-28 in the Vietnamese
capital.
Biegun spent three days in North
Korea from Feb 6-8, a trip he said
was aimed at agreeing on “concrete
deliverables” for the summit.
The State Department offered no
Kim shuffles nuclear talks team after defections, spying allegations
BY H YON HEE SHI N
VETERAN North Korean diplo-
mats are being sidelined from
nuclear talks ahead of a second
summit with the US as recent de-
fections and allegations of spying
undermine the trust of leader Kim
Jong-un, South Korean officials
and experts say.
Kim has purged and replaced
many top diplomats and officials
who served his father and grand-
father with new, younger advisers
as he gears up to meet US Presi-
dent Donald Trump in Vietnam
next week.
Among the most significant
changes, Kim has appointed
little-known Kim Hyok Chol to
spearhead working-level talks with
US nuclear envoy Stephen Biegun.
sign of any specific progress after
those talks but said Biegun agreed
to hold further meetings with his
counterpart Kim Hyok Chol be-
fore summit. State Department
spokesman Robert Palladino told
a news briefing on Tuesday he had
no details of the meetings the envoy
would have in Hanoi.
Biegun said after his North Korea
visit his talks had been “produc-
A former ambassador to Spain
who was expelled in 2017 after
North Korean nuclear and missile
tests, Hyok Chol has been working
at the State Affairs Commission,
a top governing body chaired by
the young leader, a South Korean
official said.
He replaced Vice Foreign Min-
ister Choe Son Hui, who led nego-
tiations in the run up to the first
Trump-Kim summit in Singapore
in June.
“It’s a big boys’ game and
many diplomats are being ne-
glected, as they face fierce in-
ter-agency rivalry and questions
about their ideological faithful-
ness given their experience in
richer, capitalist nations,” the
South Korean official said, asking
to remain anonymous due to the
tive” but there was “hard work to
do” before the summit.
The US has been demanding
that North Korea give up a nuclear
weapons programme that threatens
the US, and Trump has been eager
for a second summit even though a
first meeting in Singapore in June
meeting produced only vague com-
mitments from Jong-un and little
concrete progress since.
sensitivity of the issue.
“Kim Hyok Chol is a career dip-
lomat too, but he apparently has
passed a loyalty test to become the
point man in the negotiations.”
Spy charges
The promotion of Hyok Chol, be-
lieved to be in his late 40s, was
partly influenced by the 2016 de-
fection of Thae Yong Ho, a former
deputy ambassador to Britain,
and the recent disappearance of
Jo Song Gil, a senior diplomat in
Italy, the official said.
Adding to Jong-un’s mistrust
in veteran diplomats, Han Song
Ryol, who was vice foreign minis-
ter in charge of US relations until
early last year, has been purged
on charges of spying for the US,
two sources with knowledge of
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Sanctions
North Korea has been seeking a lift-
ing of punishing US-led sanctions,
a formal end to the 1950-53 Korean
War and security guarantees.
Asked whether Washington
would consider lifting sanctions,
Palladino said: “We’ve been clear
on sanctions. These are the world’s
sanctions and that is something
that ... will continue to be main-
tained until we’ve achieved our
final result of a fully, finally verified
denuclearisation.”
However, he then added: “But I
don’t want to get ahead on ... any
further details on what’s being ne-
gotiated regarding that question.”
Palladino did not respond di-
rectly when asked about reports
that the two sides were discussing
the exchange of liaison officers and
declaring an end to the 1950-53
Korean War.
“I am not going to get ahead of
diplomatic conversations, or ahead
of the president. A lot of things are
being discussed and we are very
much looking forward to next
week,” he said.
Pompeo said last week that
Washington aimed to “get as far
down the road as we can” with
North Korea in the next two weeks
and that Biegun’s team would dis-
cuss all issues covered in Singapore.
Asked on Thursday how impor-
tant a formal end of the Korean War
was in the discussions, Pompeo
said: “It’s something we’ve had a
lot of talks about.”
He said Trump and Jong-un
would also be looking at the “denu-
clearisation pillar they agreed to”
in Singapore and how to reduce
tension and military risk “so we
can get peace and security on the
peninsula as well.”
the situation told Reuters.
Han was one of the best known
and highly respected North Kore-
an diplomats in the US, having for
years manned the so-called “New
York channel,” a key diplomat-
ic conduit between Pyongyang
and Washington, before returning
home in 2013.
But Han has been out of the
public eye for the past year, with
state media last mentioning him
in February 2018.
South Korea’s Unification Min-
istry removed his name in its an-
nual ‘Who’s Who’ in North Korea
directory, released last month.
A diplomatic source here told
Reuters, citing North Korean of-
ficials, Han was purged last year
after being accused of spying for
the US and pocketing funds.
Earlier on Tuesday, Trump
spoke with South Korean President
Moon Jae-in about the summit and
he plans to talk to Japanese Prime
Minister Shinzo Abe yesterday.
Moon told Trump his country
was willing to open economic en-
gagement with North Korea if it will
hasten Pyongyang’s denuclearisa-
tion, Moon’s office said.
The Trump administration has
been wary of Moon’s eagerness to
resume such engagement, fearing
a weakening of pressure on Pyong-
yang will give it no incentive to give
up its weapons.
Moon and Jong-un have held
multiple summits in the past
year and agreed to cooperate on
everything from reducing border
tensions to launching a joint bid
for the 2032 Olympics.
But plans for economic projects,
such as allowing South Korean tour-
ists to visit North Korea, have been
on hold while the US keeps its sanc-
tions in place.
While praising Trump’s “leader-
ship and firm resolve,” Moon said
he was ready to undertake anything
from reconnecting rail and road
links between the two Koreas to
other inter-Korean economic coop-
eration to help on denuclearisation,
according to Moon’s spokesman.
“We’re determined to take up
that role if President Trump asks,
if that’s the way to lessen the US
burden,” Moon said.
Earlier this month, two influen-
tial US senators, Republican Ted
Cruz and Democrat Robert Me-
nendez, wrote to Pompeo warning
that Jong-un was seeking to drive
a wedge between Washington and
Seoul and warning against a pre-
mature relaxation of pressure on
North Korea. — Reuters
Michael Madden, a North Ko-
rea leadership expert at the Wash-
ington-based Stimson Centre who
regularly speaks with sources in-
side the country, said two people
told him Han faced “espionage
charges” and disappeared last
July.
Thae also said Han had been
purged, which means he was like-
ly to have been sent to a labour
camp for re-education or possi-
bly executed.
South Korea’s Chosun Ilbo
newspaper also reported last
month, citing an unnamed source,
that Han was sent to a labour
camp after making an unspeci-
fied proposal on the nuclear talks
against the ruling Workers’ Party’s
guidelines.
CON T I N UES N EX T PAGE
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
North Korean leader to travel to Vietnam by train
BY JAMES PEARSON
VIETNAM is preparing for North
Korean leader Kim Jong-un to ar-
rive by train for his summit in Ha-
noi next week with President Don-
ald Trump, two sources with direct
knowledge of security and logistics
planning told Reuters yesterday.
It could take Kim at least two
and a half days to travel the thou-
sands of kilometres through China
by train, from the North Korean
capital of Pyongyang to Vietnam,
meaning he would have to set
off later this week in time for his
planned Feb 25 arrival.
Kim’s train will stop at the Vi-
etnamese border station of Dong
Dang, where he will disembark
FROM PR EV I O U S PAG E
An official at the Unification
Ministry said the information
on Han could not be confirmed.
“There were financial prob-
lems, but the biggest thing was
his spy allegation. Several other
diplomats, especially those who
were close to Han, were investi-
gated,” said the first source, who
spoke on condition of anonym-
ity due to the sensitivity of the
matter.
Driving a wedge
In a 2017 report based on inter-
views with 20 elite defectors, the
North Korea Strategy Centre, a de-
fector-run think tank in Seoul, said
more than 70 officials have been
executed since Jong-un took power
in late 2011.
and drive 170km to here by car,
the sources said.
Separately, three other sources
with direct knowledge of the sum-
mit preparations told Reuters the
preferred location for the Feb 27-28
meeting between Trump and Kim
is the Government Guesthouse, a
colonial-era government building
in central Hanoi.
All five sources who spoke to
Reuters said the plans were subject
to change. The sources were not
authorised to speak to the media
because of the sensitivities sur-
round the secretive North Korean
leader’s travel plans.
Vietnamese Prime Minister
Nguyen Xuan Phuc told the sum-
mit organising committee on Tues-
Thae said at least 10 diplo-
mats were killed under Kim,
and replaced by younger aides
and loyalists. Many other dip-
lomats and officials have been
sidelined.
In a Facebook post last week,
Russia’s Embassy in North Korea
confirmed Kwon Jong Gun was
the new director of the foreign
ministry’s North America De-
partment, a post that has been
vacant since Choe became a vice
foreign minister.
Choe’s boss, Foreign Minis-
ter Ri Yong Ho, a former nuclear
envoy who was widely expected
to be US Secretary of State Mike
Pompeo’s counterpart, has nev-
er had a chance to show his cre-
dentials as Jogn-un continued to
rely on Kim Yong Chol, a former
FO CU S 17
The Government
Guesthouse in central
Hanoi is the preferred
location for the
Trump-Kim meeting.
Photo by Reuters
day that security during the sum- ite mode of transport for Jong-un, Jong-un’s grandfather, Kim Il
mit was “top priority”, Vietnam’s and his father, Kim Jong Il, and Sung, visited Vietnam twice, in
government said on its website grandfather, Kim Il Sung. 1958 and 1964.
yesterday. North Korea experts have re- In 1958, Kim Il Sung went from
The Metropole Hotel, opposite marked on how Jong-un’s over- Pyongyang to Beijing by plane,
the Government Guesthouse, will seas visits, such as his state visit to then from Beijing to Guang-
be a backup location for the sum- China in January, are reminiscent zhou by train, then he appears
mit, two of the sources said. of Kim Il Sung. to have crossed the border from
On Saturday, a Reuters witness “(His father) Kim Jong Il was China to Hanoi by plane, South
saw Jong-un’s close aide, Kim very reclusive. He didn’t like meet- Korean newspaper Kyunghyang
Chang Son, visiting the Govern- ing foreign delegations, and he Shinmun reported on Tuesday
ment Guesthouse and the Metro- didn’t really enjoy going to for- citing archived Chinese media
pole and Melia hotels in the centreeign countries,” said Thae Yong reports.
of the capital. Ho, North Korea’s former deputy In 1964, Kim Il Sung visited Vi-
Jong-un could possibly stay in ambassador to Britain, who de- etnam using a Vickers Viscount
the Melia hotel during his visit, fected to South Korea in 2016, told aircraft provided by China that
one of the sources said. media on Tuesday. was the personal plane of Mao
“But Kim Jong Un is a bit like Zedong’s second-in-command
Like father, like son Kim Il Sung. He really likes over- Lin Biao, Kyunghyang reported.
Travel by train has been a favour- seas activity,” said Thae. — Reuters
spymaster specialised in inter-Ko-
rean affairs.
Thae, the former diplomat in
London, said the unorthodox new
breed of negotiators was aimed
at driving a wedge between the
free-wheeling Trump and his
team of technocrats, who were
mostly cautious and sceptical
about North Korea’s claims of
pursuing denuclearisation.
“North Korea’s diplomacy has
taken an unprecedented tactical
course, which is tailor made for
Trump,” Thae told a news confer-
ence in Seoul on Tuesday.
“By appointing Kim Hyok Chol,
Kim Jong-un was trying to give
the impression that there’s no
one between them, so that Trump
will talk to him and shut his ears Hyok Chol (right), North Korea’s interlocutor leading negotiations with the US, arriving at
to his own staff.” — Reuters Beijing’s international airport on his way to Hanoi on Tuesday. Photo by Reuters
18 W O R L D B U S I N E S S
Sainsbury faces big
hurdle to Asda deal
UK regulator says it will be hard to address antitrust issues created by the merger
BY JO N ATHA N B ROWN I NG
LONDON: J Sainsbury plc and Wal-
mart Inc’s Asda face significant hur-
dles to their £7.3 billion (RM38.26
billion) merger after a UK regula-
tor said it would be difficult to ad-
dress antitrust concerns created
by the deal.
The Competition and Markets
Authority (CMA) said in a provi-
sional report yesterday that even
the sale of a large number of stores
would not necessarily address its
concerns. The regulator said the
companies might have to sell off
one of their two well-known corpo-
rate brands to win approval.
While the CMA has been map-
ping local areas across the UK as
part of its in-depth probe, its initial
view is that the loss of one of the
Big Four supermarket chains will
substantially cut competition at a
national level. The enlarged group
would rival Tesco plc as the coun-
try’s largest grocer and has attracted
considerable scrutiny from com-
petitors, suppliers and politicians.
“We have provisionally found
that, should the two merge, shop-
Lloyds pushes
ahead with
£1.75b buy-back
amid UK turmoil
LONDON: Lloyds Banking Group
plc is betting it can weather the
storm from a chaotic Brexit by forg-
ing ahead with plans to spend up
to £1.75 billion (RM9.17 billion) on
a share buy-back.
The lender’s underlying pre-tax
profit of £1.8 billion for the quar-
ter, which is up about 10% on the
same time last year and broadly
in line with estimates, excludes
funds set aside for mis-sold in-
surance, volatility and the cost
of regulatory reforms, it said in
its earnings statement yesterday.
Chief executive officer Antonio
Horta-Osorio echoed comments
by HSBC Holdings plc on Tuesday
by warning that the near-term out-
look remains unclear, “particularly
given the ongoing EU (European
Union) withdrawal negotiation.”
Britain’s largest mortgage lender
posted a further £200 million pro-
vision in the quarter for customers
who were mis-sold payment pro-
tection insurance. Lloyds’ shares
have risen about 13% so far this
year, compared to the Bloomberg
Europe 500 Banks And Financial
Services Index. Lloyds is aiming
for costs of about 40% of its earn-
ings, which would make it one of
the most efficient European banks.
— Bloomberg
Shoppers walking past a Sainsbury’s supermarket in North London. McIntosh says
shoppers could face higher prices, reduced quality and choice, and a poorer overall
shopping experience should the merger go ahead. Photo by Reuters
pers could face higher prices, re-
duced quality and choice, and a
poorer overall shopping experience
across the UK,” Stuart McIntosh,
who’s overseeing the CMA probe,
said in a statement.
The chains face a particular chal-
Swedbank reportedly behind
US$4.3b in suspect transfers
BY NIKLAS M AGNUS S O N,
HANNA HOIKKALA
STOCKHOLM/COPENHAGEN: Swe-
den’s Swedbank AB, the largest lend-
er in the Baltic countries, became the
latest Nordic bank to face allegations
that it was used to launder money.
Swedish broadcaster SVT alleges
that some 50 customers at Swed-
bank, which all show “clear warning
signals regarding suspected mon-
ey laundering”, have transferred
about 40 billion krona (US$4.3 bil-
lion/RM17.28 billion) between the
Stockholm-based lender and Danske
Bank A/S. A spokesperson for Swed-
BNP Paribas hires for Asia wealth as it mulls Indonesia push
BY CHANYAPORN CHANJAROEN
SINGAPORE: BNP Paribas SA is
hiring relationship managers in
Asia and considering a push into
more of the region’s onshore private
banking markets, according to the
firm’s head of wealth management
for the Asia-Pacific.
The Paris-based lender is looking
to add “a few dozen” to its existing
headcount of around 300 wealth
bankers, Pierre Vrielinck said in a
recent interview. He said Indonesia
lenge in the market for online gro-
ceries to win over the CMA. It may
not be possible to overcome com-
petition concerns “without also
divesting one or other of the Asda
or Sainsbury’s brands”, the regu-
lator said.
bank told SVT that the lender has
identified suspicious transactions,
which it has reported to the police.
“If the information is correct, there
are two alternatives; they have known
about it but let it continue or they
have not checked and the transac-
tions haven’t triggered any alarm,
I don’t know what is worst,” said
Joakim Bornold, a savings adviser at
Soderberg & Partners in Stockholm.
The development comes as a
US$230 billion scandal engulfing
Danske continues to spread, with
the financial supervisory authori-
ties in Denmark and Estonia now
under formal investigation by the
is among the markets where BNP
Paribas is exploring an onshore
presence, adding to existing domes-
tic wealth operations in India and
Taiwan and its offshore services in
Singapore and Hong Kong.
The hiring is part of “a key stra-
tegic move to capture assets and
the growth” in Asia, Vrielinck said.
“You have to be present in all re-
gions, both offshore and onshore.”
In the past, the big global banks
served their wealthy clients in Asia
mostly from the big offshore cen-
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Sainsbury hit back at the report,
saying the regulator had moved
“the goalposts”.
“These findings fundamentally
misunderstand how people shop
in the UK today and the intensity
of competition in the grocery mar-
ket,” Sainsbury said in an emailed
statement. “The CMA has moved
the goalposts and its analysis is in-
consistent with comparable cases.”
The merger would hurt compe-
tition for grocery supplies nation-
ally, specifically in 629 local areas
where both Sainsbury and Asda
operate supermarkets. That covers
45% of Sainsbury’s stores and 57%
of Asda’s, the regulator said in its
provisional findings. Convenience
store competition would also be
affected in 65 areas, the CMA said.
The regulator last week formally
extended its deadline to investigate
the deal, its biggest merger review
in years, and now has until April 30
to make a final decision. The probe
has taken in a rare court clash in
December, where a judge ruled that
the regulator had imposed exces-
sively burdensome demands on the
supermarket chains. — Bloomberg
European Banking Authority.
Before yesterday, Swedbank had
vehemently denied involvement in
the case, with chief executive officer
Birgitte Bonnesen repeatedly going
on record to say management had
looked and found no links to the
Danske laundering scandal.
The ongoing revelations of mon-
ey laundering have reshaped the
financial industry across the Nor-
dic and Baltic regions. Danske was
on Tuesday kicked out of Estonia,
prompting Denmark’s biggest lend-
er to announce a complete with-
drawal from the entire Baltic region
and Russia. — Bloomberg
tres of Singapore and Hong Kong,
offering a wide range of interna-
tional investment products. More
recently, they have been establish-
ing onshore operations as well to
tap into the growing pool of assets
held in those countries.
Indonesia is a particular target of
DBS Group Holdings Ltd and Over-
sea-Chinese Banking Corp, Singa-
pore-based banks with large wealth
management operations, especially
after a tax amnesty in 2016-2017
unearthed some US$346 billion in
IN BRIEF
HSBC made US$120m
in a day in Turkish
currency rout
LONDON: HSBC Holdings plc
earned about US$120 million
(RM488.4 million) in a single day
during Turkey’s financial crisis
as it profited from the collapse
of the lira, according to a regu-
latory disclosure made by the
bank. The Turkish currency’s
collapse over the summer hit
trading profits at some invest-
ment banks with exposure to
the country. HSBC, however,
benefited from the fall in the
lira’s value. The outsized gains
“driven by volatility in Turkish
lira spot” were more than twice
as big as predicted by HSBC’s
market risk models, according
to a filing published on Tuesday
alongside the bank’s full-year
results. — Bloomberg
Sanofi’s dengue vaccine
suffers setback as
Philippines bans drug
TOKYO: Sanofi’s controversial
dengue fever vaccine was dealt
another blow as the Philippines
permanently banned the treat-
ment that created a health scare
in the country. The country’s
Food and Drug Administration
(FDA) said the French drugmak-
er failed to submit post-approv-
al documents required by the
country’s regulator, according
to a statement on Tuesday. The
organisation in December 2017
suspended the vaccine for a year
due to similar reasons. “Its bra-
zen defiance of FDA’s directives
and its continued failure to com-
ply leaves us no other recourse,”
said Nela Charade G Puno, di-
rector-general of the Philippines’
FDA. — Bloomberg
Allianz boosts VC fund
to €1b for tech,
insurance deals
LONDON: European insur-
er Allianz SE is increasing the
size of its tech investment fund
to €1 billion (RM4.56 billion),
making it one of the largest
corporate-backed venture
funds in Europe. Allianz X was
launched in 2016 with a €430
million chequebook and has
done about 15 deals, including
an investment in Indonesian
ride-hailing firm Go-Jek and
German mobile bank N26. The
new funds will target start-ups
where Allianz sees some future
cross-selling or use case, the
company said in a statement
yesterday. — Bloomberg
previously undeclared assets.
“When you look at the wealth
generated in Indonesia, the poten-
tial of Indonesia, it’s a massively
important country in the region,”
said Vrielinck.
BNP Paribas’ wealth manage-
ment unit was not “too badly hurt”
by the volatility in financial mar-
kets in the last quarter of 2018 be-
cause of its discretionary portfo-
lio management and contractual
advisory business, Vrielinck said.
— Bloomberg
20 WORLD
Trump poised to name Rosen
as deputy attorney-general
Years of outstanding legal and management experience make him an excellent choice
BY JENNIFER JACOBS
WASHINGTON: President Donald
Trump plans to nominate Jeffrey
Rosen (pic) as the new deputy at-
torney-general (AG), the White
House said on Tuesday night.
BLOOMBERG
‘German halt
in Saudi arms
sales hurting
UK industry’
BERLIN: Britain has urged Ger-
many to exempt big defence
projects from its efforts to halt
arms sales to Saudi Arabia or
face damage to its commercial
credibility, the German mag-
azine Der Spiegel reported on
Tuesday.
Germany said last Novem-
ber it would reject future arms
export licences to Saudi Arabia
over the killing of Saudi jour-
nalist Jamal Khashoggi. It has
not formally banned previously
approved deals but has urged
industry to refrain from such
shipments for now.
Germany accounts for just
under 2% of total Saudi arms
imports, a small percentage
internationally compared with
the US and Britain, but it makes
components for other coun-
tries’ export contracts.
“I am very concerned about
the impact of the German gov-
ernment’s decision on the Brit-
ish and European defence in-
dustry and the consequences
for Europe’s ability to fulfil
its Nato commitments,” Brit-
ish Foreign Minister Jeremy
Hunt wrote in a letter to his
German counterpart Heiko
Maas, Spiegel reported.
Hunt said British defence
firms would not be able to fulfil
several contracts with Riyadh
including the Eurofighter Ty-
phoon and the Tornado fight-
er jet, both of which are made
with parts affected by the Ger-
man halt in deliveries to Saudi
Arabia. — Reuters
Rosen, now deputy secretary of
the US transportation department,
will replace Rod Rosenstein, who
oversaw the investigation led by
special counsel Robert Mueller.
Last week, the senate confirmed
William Barr as the new US AG. At
his confirmation hearing, Barr de-
clined to say whether he will recuse
himself from overseeing Mueller in
light of his past criticism of a facet
of the inquiry.
It was Barr who chose Rosen to be
the new deputy AG, according
to people familiar with the
matter, who were granted
anonymity to discuss the
nomination process.
Rosen, a Harvard Law
School graduate, worked at
Thousands protest against
anti-Semitism in France
BY F RANCIS CURTA
PARIS: Thousands of people, some
carrying banners proclaiming ‘That’s
enough’, took to the streets here yes-
terday evening to protest a spate of
recent anti-Semitic attacks in France.
The rally, in the city’s central
Place de la Republique, was one of
about 70 staged nationwide yester-
day in response to a surge in anti-Se-
mitic hate crimes which have trig-
gered a deluge of outrage in France
and Israel.
Eighteen political parties urged
citizens to attend the protests, with
Prime Minister Edouard Philippe
and more than half his cabinet at-
tending the rally here.
Two former presidents, the so-
cialist Francois Hollande, and the
conservative Nicolas Sarkozy, also
turned up.
Parliament suspended its work
for several hours to allow members
of Parliament to attend the rally.
Speaking on television Philippe
said it is necessary to punish those
No compromise on democracy — Taiwan
BY YIM OU LEE
TAIPEI: Taiwan will not accept any
deal that destroys its sovereign-
ty and democracy, President Tsai
Ing-wen said yesterday after the
island’s opposition Kuomintang
Party (KMT) said it could sign a
peace deal with China if it wins
a presidential election next year.
China claims self-ruled and
proudly democratic Taiwan as its
own and has vowed to bring the
the transportation department
and the office of management and
budget under President George
W Bush.
He also had a long career at the
law firm of Kirkland & Ellis LLP Barr,
who also led the justice department
under President George H W Bush,
was of counsel at the firm.
Barr said a statement that
Rosen’s “years of outstanding le-
gal and management experience
make him an excellent choice to
succeed deputy AG Rod Rosenstein,
who has served the department of
justice over many years with dedi-
cation and distinction.”
Rosenstein appointed Mueller
in May 2017 after AG Jeff Sessions
recused himself from overseeing the
People attending a national gathering to protest anti-Semitism and the rise of anti-
Semitic attacks in the Place de la Republique in Paris yesterday. The writing on the sign
reads: “Antisemitism, Islamophobia, racism — not in our name”. Photo by Reuters
who “because of ideology, because
they think it is an easy option, be-
cause of ignorance or hostility call
into question what we are — a di-
verse but proud people”.
Earlier in the day President Em-
manuel Macron also promised to
island, which it regards as sacred
territory, under Beijing’s control,
by force if necessary.
While China has not broached
the idea of a peace deal in years,
the chairman of the Beijing-friendly
KMT, Wu Den-yih, said last week
the party could sign a peace deal
with China if it won the hotly-con-
tested election.
“Taiwan society will not accept
any treaty that harms Taiwan’s na-
tional sovereignty and democracy,”
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
inquiry into Russian interference in
the 2016 election and Trump fired
Federal Bureau of Investigation
(FBI) director James Comey.
Under Rosenstein, Mueller in-
vestigated whether anyone close
to Trump conspired with Russians
and whether the president sought
to obstruct justice.
Rosenstein has come under crit-
icism from Trump and his support-
ers over the Mueller inquiry.
On Monday, Senator Lindsey
Graham, a South Carolina Republi-
can, said he could subpoena Rosen-
stein and former FBI deputy direc-
tor Andrew McCabe for a hearing to
explore allegations they discussed
whether Trump should be removed
from office. — Bloomberg
crack down on hate crimes when
inspecting a cemetery in Quatzen-
heim in the Alsace region near Ger-
many where 96 Jewish tombstones
were spray-painted with blue and
yellow swastikas the previous night.
— AFP
Tsai told reporters in Taipei.
Beijing is expected to make
fresh overtures to the KMT ahead
of the elections, security sources
in Taiwan’s government famil-
iar with the matter told Reuters,
a move they said could isolate
Tsai’s government and sway the
election results.
Tsai’s Democratic Progressive
Party suffered stinging losses to the
KMT in mayoral and local elections
in November. — Reuters
IN BRIEF
Saudi prince sees ‘useful
returns’ from US$100b
investment in India
NEW DELHI: Saudi Arabia’s
Crown Prince Mohammed
Salman said yesterday he saw
investment opportunities of
more than US$100 billion
(RM407 billion) in India over
the next two years as he began
his first official visit amid ten-
sions between arch foes India
and Pakistan. India rolled out
the red carpet for the crown
prince as it seeks diplomatic
support against Pakistan fol-
lowing a militant attack in the
disputed region of Kashmir.
In a joint press appearance
after talks with Indian Prime
Minister Narendra Modi, the
crown prince said terrorism
was a common concern and
Saudi Arabia was ready to share
intelligence with India to tackle
it. — Reuters
‘EU won’t consider
alternatives to backstop’
LONDON: British Finance Min-
ister Philip Hammond said on
Tuesday it was clear the Eu-
ropean Union (EU) will not
now consider alternatives to
the Irish backstop to help the
UK government win support
for its Brexit withdrawal deal,
but that such options could
be valuable in the future. “The
so-called ‘Malthouse’ initiative
to explore possible alternative
arrangements to the backstop
is a valuable effort ...,” he said at
a dinner here to an association
of manufacturers, but added,
“It is clear that the EU will not
consider replacing the back-
stop with such an alternative
arrangement now in order to
address our immediate chal-
lenge.” — Reuters
US$100m from Taiwan
gives lifeline to Ortega
MANAGUA/TAIPEI: Nicara-
gua’s congress on Tuesday
accepted a US$$100 million
(RM407 million) loan offered
by Taiwan, giving a line of sup-
port to President Daniel Or-
tega’s government, which has
become increasingly isolated
after a brutal crackdown on
protesters last year. Lawmak-
ers approved the 20-year loan a
day after US President Donald
Trump declared that “socialism
is dying” in Nicaragua, Cuba
and Venezuela. The US enact-
ed a law late last year making it
harder for Nicaragua to access
multilateral loans. — Reuters
Juncker: Nobody will
block Brexit extension
BERLIN: If Britain asks for a de-
lay to its departure from the Eu-
ropean Union (EU), none of the
existing members will stand in
its way, European Commission
president Jean-Claude Juncker
said on Tuesday. But, speaking
at an event in the German city
of Stuttgart, Juncker added that
if the extension lasted until the
European Parliament elections
at the end of May, British voters
would have to take part in the
polls. Britain is due to leave the
EU on March 29. — Reuters
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
F E AT U R E 2 1

British banks getting

last-minute break from EU
Politicians across the European Union are intent on avoiding chaos in case of no-deal Brexit
BY SILLA BRUSH Netherlands
& A L EX A N D E R WEB ER UK investment firms would win a

T
he City of London is
getting a last-minute
break from politicians
across the European
Union (EU) intent on
averting chaos in fi-
nancial markets in the event of a
no-deal Brexit.
Countries including Germany,
the Netherlands, France, Italy and
Sweden are readying national leg-
islation that would help bankers
continue to service the £18 tril-
lion (US$23.4 trillion or RM95.23
trillion) of derivatives contracts
that could be disrupted if the UK
leaves the EU without an agree-
ment in place. The Dutch legisla-
tion may even enable brokers and
high-speed traders to conduct new
business from London, for a while.
While UK and EU policymakers
continue saber-rattling over the
withdrawal agreement as Brexit
day approaches on March 29, the
country’s legislation is part of an
increasing effort by both sides to
protect against a meltdown in mar-
kets for trillions of dollars in stocks,
bonds and derivatives. The rare
accord stands in stark contrast to
worries over broken supply chains,
stockpiling of medicine and food
and disruption in other parts of
the economy.
“Everyone in the financial mar-
ket is totally calm” about a possible
disorderly Brexit, German Finance
Minister Olaf Scholz said last week.
“Because they know it’s well done,
well prepared and well thought
through and it will work somehow.
For the transport of goods, it will be
more complicated.”
The banking industry’s top lob-
bying groups and financial regula-
tion lawyers in London are scouring
European nations’ laws to deter-
mine how much business needs
to move by March 29 and what
temporary exemption from need-
ing a Dutch licence to do business
in the Netherlands, which would
also help them service ongoing
derivatives contracts. Lawyers at
Linklaters LLP, Allen & Overy and
Ashurst LLP say the exemption
could also allow investment firms
to conduct new business in the
Netherlands from their UK offices.
The exemption would be grant-
ed until 2021, so business would
need to be transferred to another
licensed company by then.
Italy
The Italian finance ministry has
committed to approving legislation
that would give Italian businesses
access to UK banking, insurance
and other financial firms. While
the legislation hasn’t been formally
proposed, the government said it
would provide a temporary peri-
od of time during which UK firms
The Dutch Parliament at The Hague, Netherlands. Dutch legislation may enable brokers and high-speed traders to conduct new could continue operating in Italy.
business from London. Photo by Reuters The Italian central bank has also
urged UK financial institutions to
inform their clients in the country
can continue in the UK capital. The an EU measure that ensures contin- relevant business to the EU in about how they intend to manage
Association for Financial Markets ued access to critical infrastructure time. In theory, German regulator existing relationships after Brexit.
in Europe, whose members focus in London. Here is a look at legisla- BaFin also has the power to waive
on wholesale markets, said that tion under consideration in five of the authorisation requirement Sweden
while it had preferred a more har- the most important EU economies: for foreign firms if supervision at UK firms could continue to handle
monious approach across the EU, home is deemed strong enough, securities business and operate in
the steps by individual nations are Germany though using it in the context of Sweden until the end of 2021 under
welcome to mitigate key risks aris- The government drafted a law Brexit may be a challenge. proposed legislation. The Swedish
ing from Brexit. to protect existing derivatives government says the measure is
“Significant chunks of whole- contracts that companies have France needed to allow UK firms to con-
sale financial services might con- concluded with UK banks. Ger- Paris published legislation in the tinue providing services to pro-
tinue from the UK for a period of many’s main industry lobby wel- form of a decree that, among other fessional clients with whom they
time,” Damian Carolan, partner comed the move, saying such things, is meant to make it easier to struck agreements prior to Brex-
at law firm Allen & Overy, said in transactions are “indispensable” transfer existing financial contracts it. British banks operating in the
an interview. “I don’t think any- to protect against interest rate or from the UK Industry representa- country focus primarily on institu-
one is expecting these regimes to currency swings. However, it also tives and lawyers note that this ap- tional and large corporate clients
remove the pressure to continue called on Berlin to temporarily proach appears to be more restric- for mergers and acquisitions and
moving business to the EU, but it allow new business — not just tive than other national solutions. capital markets business, while
will hopefully allow for a far more the servicing of legacy contracts Existing insurance policies will be Swedish trading venues have more
orderly process of transition in a — because firms could lose ac- allowed to be serviced as long as than 100 members based in the UK,
hard-Brexit scenario,” he said. cess to some hedging products if they’re not altered to the point that according to Sweden’s financial
The national preparations add to banks don’t manage to relocate they become new contracts. regulator. — Bloomberg

Monetary policy easing back in play across Asia

BY M AR I U S ZA H A RI A
A SLOWING global economy and
increasing strain on businesses
from a year-long US-China trade
war are tilting central banks from
Japan to Australia toward monetary
easing in a remarkable 180-degree
turn.
“What’s obviously happening is
that central banks are rethinking
monetary policy,” said Piyush Gupta,
chief executive officer of DBS Group
Holdings in Singapore.
With the exception of the Phil-
ippines, which is also witnessing
rapid disinflation, all major Asian
economies are facing inflation rates
at the lower end or even below their
central banks’ target. Price growth
is sub -1% in Malaysia, Singapore,
South Korea, Taiwan and Thailand.
“Underlying price pressures are
remarkably soft ... and broadly falling,”
Frederic Neumann, co-head of Asian
economics research at HSBC, said.
“The case for further monetary
easing may thus become more press-
ing, even if in itself this may not be
enough to push up growth materially.”
On Tuesday, Bank of Japan Gov-
ernor Haruhiko Kuroda said the
central bank was ready to boost
stimulus if sharp yen rises hurt the
economy and its price goal.
Also in Tokyo on the same day,
Bangko Sentral ng Pilipinas deputy
governor Diwa Guinigundo said the
central bank, which hiked interest
rates five times last year, will act
swiftly if liquidity conditions aren’t
sufficient to maintain economic
momentum.
Earlier this month, the Reserve
Bank of Australia shifted to a neutral
stance from its previous tightening
bias, but an increasing number of
economists polled by Reuters are
predicting a cut.
India’s central bank unexpected-
ly lowered interest rates in February
and analysts are tipping another
cut. Of the three major economies
running current account deficits,
Indonesia is the only one where
expectations for a policy reversal,
after six hikes last year, are extreme-
ly low, as the central bank is more
focused on exchange rate stability.
At this stage, economists don’t
see chances of more than one cut
in any Asian economy, but much
will depend on how China performs,
whether its trade dispute with the US
is resolved and how successful Bei-
jing’s stimulus efforts are.
In January, the People’s Bank
of China slashed the reserve re-
quirement ratio by 100 basis points
(bps) and analysts expect another
150bps of cuts by year-end, on top
of other fiscal stimulus measures
expected in March.
Some economists do expect a
cut in benchmark interest rates,
but the consensus is that such a
move would only come as a last
resort given that it could hurt the
yuan and reignite debt risks.
“Only if internal and external
environments change drastically
... will cutting benchmark saving
and lending rates become much
more likely,” ICBC analysts said in
a note. — Reuters
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SOPHI YA SABAPATHY
WORK. LIFE. BALANCE
TREAT yourself to The White Dew Vita Capsule
Sleeping mask by Laneige. It is formulated
using a Sleep-Melatox Technology which
contains green tea and pomegranate extracts
which assist in draining melanin residues.
This product is available in store for RM85.
WATCH The Last Laugh which follows a re-
tired talent manager who reconnects with
his former comedian client who gave up per-
forming decades ago and urges him to get
back on the road. It is available for viewing
at netflix.com.
READ An Unnecessary Woman by Rabih
Alameddine. It is an enchanting story which
follows the life of an obsessive, book-loving
72-year-old, blue-haired woman who lives
in Beirut. Get a copy for RM47 today at ma-
laysia.kinokuniya.com.
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
People leaving flowers in tribute to Lagerfeld outside the Chanel store in Paris, France on Tuesday. Photo by AFP
LAGERFELD’S PASSING HANDS
CHANEL A BIG TEST
Whether Viard can
impose a convincing
vision or whether an
established outsider will
be sought is crucial to the
brand’s future
BY RO BE RT WI LLI AM S
The passing of Karl Lagerfeld presents
Chanel with its biggest creative challenge
since the death of its iconic founder al-
most half a century ago.
Since 1983, Lagerfeld reigned over
Chanel with indisputable authority, help-
ing turn a storied haute-couture fash-
ion house into a global megabrand with
US$9.6 billion (RM39.07 billion) in annual
sales. His death, at the age of 85, has left
long-time creative deputy Virginie Viard
in charge of the collections.
Crucial to the future of the closely
held brand is whether Viard can emerge
from Lagerfeld’s shadow and impose a
convincing vision, or whether Chanel
will seek an established outsider such
as Phoebe Philo, who left LVMH’s Celine
last year after a decade, or Alber Elbaz,
formerly of Lanvin.
“They will look for a high-profile chief
creative officer, and in the meantime they
have got incredibly capable people in
their team,” said Mario Ortelli, who runs
a London-based advisory firm on luxu-
ry strategy. “Any designer in the world collections a year: spring, fall, skiwear, and black fingerless gloves, Lagerfeld
would be more than delighted to work haute couture, and more. One of fashion’s had a client list that featured stars of the
with Chanel.” most prolific couturiers, he also produced stage and screen, including actress Cate
outfits for Italy’s Fendi SpA and his own Blanchett and singer Pharrell Williams.
‘Creative genius’ label. Recognisable for his high-collared “We have lost a creative genius who
Lagerfeld oversaw as many as eight Chanel shirts, white ponytail, dark sunglasses helped to make Paris the fashion capital
 live it! 23
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

of the world,” Bernard Arnault, the chair-

man and chief executive officer of luxury
giant LVMH Moet Hennessy Louis Vuitton,
said in a statement.
When Chanel last month said the
designer was too tired to appear at his
spring-summer haute couture show in
Paris, his absence made more news than
the hand-stitched floral gowns, sequined
tweed suits, and feather capes on the cat-
walk. Conversation quickly turned to what
Chanel planned to do next.
The fashion house said that Viard, his
“closest collaborator for more than 30
years”, has been entrusted with the crea-
tive work on the collections, “so that the
legacy of Gabrielle Chanel and Karl La-
gerfeld can live on”.
Fashion house Fendi said it is too soon
to discuss Lagerfeld’s succession. “We
intend to take the time to honour his life
and pay him the tribute he deserves,” the
Italian firm said in a statement. Fendi will
present the latest collection designed by
Lagerfeld today, as scheduled.
‘Sign of defeat’
The sharp-tongued Lagerfeld — known Lagerfeld (left) and Viard in the background with models presenting creations as part of his Spring/Summer 2019 women’s ready-to-wear collection show for
for lines such as “wearing sweatpants is a Chanel at the Grand Palais transformed into a beach scene during the Paris Fashion Week on Oct 2, 2018. Photo by Reuters
sign of defeat” — was brought in to revamp
the brand in 1983. Founder Coco Chanel
died 12 years earlier, and in the interim the bers and regrouped Chanel and dozens
company had muddled through, propped of subsidiaries — including suppliers of
up by apparel licences and sales of its No embroidery, feathers, leather gloves, and
5 perfume. watch components acquired over the years
Seeking to rejuvenate Chanel, its owners, — in a single holding company registered
the brothers Alain and Gérard Wertheimer, in London.
turned to Lagerfeld, a Hamburg native who Long an e-commerce holdout, the com-
had won the prestigious Woolmark Prize for pany revamped its website last summer,
design at age 21 and by 1965 had become adding sunglasses to offerings of make-up
creative director of both Parisian fashion and perfume, and finally started publish-
house Chloé and Roman furmaker Fendi. ing prices for its fashions and accessories
At Chanel, Lagerfeld quickly sexed up online. A year ago, Chanel took a stake in
the brand’s iconic tweed skirt suits with the e-commerce platform Farfetch, which
more feminine tailoring and boosted use is helping develop digital tools for the
of pearls, chains, and the double “C” logo. brand’s stores.
While Chanel fiercely guards its image by Chanel has denied it is planning for an
crafting US$15,000 gowns and US$5,000 initial public offering or sale, but specula-
quilted-leather handbags, it has managed tion has grown as the Wertheimers have
to maintain a broader appeal with lipstick reshaped the company’s structure.
that can come in below US$30 and per- Luxury conglomerates like LVMH and
fumes for less than US$100 a bottle. Gucci owner Kering SA are seeking to con-
Lagerfeld was “a marketing genius”, solidate the industry while American chal-
Elodie Nowinski, a professor of fashion lengers like Coach owner Tapestry and
studies at EM Lyon Business School, said Michael Kors plc, private equity funds,
before his death. “He knows how to take and Chinese groups Fosun and Shandong
this elite vocabulary from haute couture Ruyi are also looking for increased expo-
and make it desirable to the masses.” Since 1983, Lagerfeld reigned over Chanel with indisputable authority, helping turn a storied haute- sure to the luxury market. But targets are
couture fashion house into a global megabrand with US$9.6 billion in annual sales. Photo by Reuters few: Family shareholders have continued
France’s richest to keep the likes of Chanel, Prada, Ferrag-
The combination of mass-market appeal amo, and Chopard off the market, while
and high-end exclusivity helped Chanel iest citizens. With other holdings such lion), according to the latest annual rich list high valuations have deterred would-be
grow into a colossus with beauty counters as Bordeaux vineyards, a thoroughbred compiled by Germany’s Manager Magazin. suitors of Burberry plc.
and boutiques worldwide, 20,000 employ- horse stable, and paintings by 20th cen- Chanel is “definitely a very desirable
ees, and operating profit of US$2.7 billion tury masters, each brother has a net worth ‘Desirable asset’ asset that is so far not open for sale”, Morn-
in 2017. of almost US$21 billion, according to the While the Wertheimers, both around 70, ingstar analyst Jelena Sokolova wrote in
BNP Paribas estimated the brand’s val- Bloomberg Billionaires Index. have not revealed any succession plan, response to a Bloomberg query. Lagerfeld’s
ue at more than US$50 billion, making Lagerfeld himself amassed a personal they are clearly thinking of the future. They passing is unlikely to change the status quo
the Wertheimers among France’s wealth- fortune of about €400 million (RM1.85 bil- have named independent board mem- for now, she said. — Bloomberg

When Chanel last month said the designer was too tired to appear at his haute-couture show in Paris, his absence A filepic of Chanel merchandise on window display of a Chanel store in New York, the US. At
made more news than the hand-stitched floral gowns, sequined tweed suits, and feather capes on the catwalk. Chanel, Lagerfeld quickly sexed up the brand’s iconic tweed skirt suits with more feminine
Photo by Reuters tailoring and boosted use of pearls, chains, and the double “C” logo. Photo by AFP
2 4 S P O RT S
Klopp ‘not over the moon’
Liverpool draw 0-0 against Bayern
BY K I E R AN C A N N I NG
LIVERPOOL: Liverpool manager
Jurgen Klopp admitted an under-
whelming 0-0 draw against old foes
Bayern Munich on Tuesday was not
what he “dreamed of”, but remained
confident about progressing to the
quarter-finals of the Champions
League.
Sadio Mane wasted the best
chance when the Senegalese for-
ward fired wide during an open first
45 minutes, but a cagey second half
Osaka
stunned by
Mladenovic
in Dubai
BY SI M ON JEN N I NGS
& I AN RA N SOM
BENGALURU/MELBOURNE:
A tearful Naomi Osaka said
she was struggling with the at-
tention of being the world’s
top-ranked woman after being
stunned 6-3, 6-3 by France’s
Kristina Mladenovic in her
opening match at the Dubai
Duty Free Tennis Champion-
ships on Tuesday.
Playing her first match
since claiming the No 1
ranking with her Australi-
an Open triumph, the Japa-
nese 21-year-old capitulated
in just over an hour, having
won less than half of her first
serve points while making 25
unforced errors.
It was the second major sur-
prise in a week involving US
Open champion Osaka, who
announced she had parted
ways with Sascha Bajin, the
coach who had guided her in
both her Grand Slam victories.
“This match is the result of
that,” Osaka told reporters of
her coaching shake-up. “I’m
pretty sure as time goes on you
guys will stop talking about it.
For now, it’s like the biggest
tennis news, I guess.
“See, it’s a little bit hard be-
cause I feel like people are star-
ing at me, and not in a good
way.”
The hard-hitting Osaka has
become one of tennis’s most
bankable players since upset-
ting American great Serena Wil-
liams in the final at Flushing
Meadows but has always spo-
ken of feeling uncomfortable
in the spotlight.
Osaka wiped away tears as
she spoke of the challenge of
adjusting to her new celebrity.
— Reuters
left it all to be decided when the sides
meet again in Munich on March 13.
However, without the talismanic
presence of Virgil van Dijk through
suspension and the injured Joe
Gomez and Dejan Lovren, Liver-
pool at least did not concede an
away goal despite fielding a make-
shift central defensive pairing of
Brazilian midfielder Fabinho and
Joel Matip.
“It’s not the result or the game
we dreamed of,” said Klopp. “It is
not a game we will remember in 30
Kiradech hopes patience will be
rewarded at Mexico Championship
MEXICO CITY: Thai star Kiradech
Aphibarnrat has vowed to remain
patient after running into a rough
patch of form with three missed
cuts from his last four starts.
Currently ranked 45th in the
world, Kiradech has struggled to get
his game out of first gear in 2019 fol-
lowing an extended year-end break
but a return to the World Golf Cham-
pionships-Mexico Championship,
which starts today, could be the
ideal stage to get his game to click.
The first Thai to hold a PGA
TOUR card, the 29-year-old fin-
ished an impressive T5 at Club de
Golf Chapultepec in Mexico City
last year, which was one of his three
top-five finishes registered in the
World Golf Championships.
“Coming back to a place where
I’ve played well before, it helps a bit.
But everything is on me. I need to
feel comfortable with my swing as
I like moving the ball around. I’ve
not spent enough of time on the
golf course following my six-week
break and I’m not playing great
golf now. If you play against the
best players in the world, play on
the strongest tour on earth, when
you don’t swing it well these are the
results that you get,” said Kiradech.
After missing his first cut of the
Stricker to be named US 2020 Ryder Cup captain — reports
Stricker becomes the first American in the
role without a major title. Photo by AFP
years. It’s the result we have and we
will work with that.
“It was a clean sheet without the
big man (Van Dijk). A lot of people
wouldn’t have expected that. The
defending was good. A lot of things
were really good, I’m not over the
moon but I’m completely OK with
the game.”
That unfamiliarity in Liverpool’s
defence showed in the early stag-
es as the hosts started nervously
at the back.
Matip breathed a sigh of relief
Filepic of Kiradech. He is optimistic
his fortunes can turn around in
Mexico. Photo by AFP
year in the Abu Dhabi HSBC Cham-
pionship on the European Tour,
the burly Kiradech began his quest
on the PGA TOUR at the Farmers
Insurance Open but endured an
abbreviated week. He finished T33
in the Waste Management Phoenix
Open and then missed the weekend
rounds at the Genesis Open by one
after bogeying three of his last four
holes. He has not experienced such
a lean run since the middle of 2017.
“I took a lot of time off. I think
NEW YORK: Steve Stricker would
have been named the captain of the
US 2020 Ryder Cup team yesterday,
according to multiple reports, be-
coming the first American in the
role without a major title.
ESPN and Wisconsin.golf re-
ported that Stricker, a Wisconsin
native whose home state will host
the event next year at Whistling
Straits, will be handed the post by
the PGA of America.
Stricker, 51, would become the
29th US captain and be charged
with reclaiming the trophy from
holders Europe after the Amer-
icans were routed 17½-10½ last
September in France. The Europe-
T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
when he turned Serge Gnabry’s
driven cross towards his own goal
only for the ball to bounce to safety
off Alisson Becker’s chest.
However, the Brazilian goalkeep-
er played his side into trouble mo-
ments later to put pressure on Mat-
ip and when he was dispossessed
by Robert Lewandowski, Kingsley
Coman fired into the side-netting.
Liverpool were also posing plen-
ty of problems at the other end, al-
though their final ball often lacked
precision. — AFP
I need just one good week to get
back on the road … there’s a lot of
golf left. Maybe do something this
week,” said Kiradech.
To overcome his woes, he has
spent additional hours on the prac-
tice range to get the rust off his
game under the watchful eyes of
swing coach Mike Walker, who was
with him in Los Angeles. Kiradech
is optimistic his fortunes can turn
around in Mexico. — www.PGA-
TOUR.com
ans have won four of the past five
Ryder Cups.
Stricker was a member of the
2014 task force that revamped the
US Ryder Cup programme and has
served as a vice-captain for the past
three editions and served as the
2017 Presidents Cup captain when
the hosts won over an International
side at Liberty National.
“It would be a huge honour and
being right there in my home state
would be super cool,” Stricker said
at the PGA Phoenix Open three
weeks ago.
“To try to bring the Cup back
right there would be a great oppor-
tunity if they give it to me.” — AFP
IN BRIEF
Cavani resumes training
after hip injury
PARIS: Paris Saint-Germain
(PSG) striker Edinson Ca-
vani has resumed training
two weeks before the Cham-
pions League last-16 second
leg against Manchester Unit-
ed, the French champions an-
nounced on Tuesday. The Uru-
guayan has been out of action
since pulling up injured after
scoring a penalty against Bor-
deaux on Feb 9. PSG brushed
off the absences of both Cavani
and Neymar, who is sidelined
with a foot injury, by beating
United 2-0 in last week’s first
leg at Old Trafford, with Kylian
Mbappe continuing his fine
run of form with a goal. — AFP
Nadal opens tennis
academy in Mexico
MEXICO CITY: Tennis super-
star Rafael Nadal has opened
a new academy in Mexico at
the Caribbean seaside resort
of Cancun. The Costa Mujeres
centre is an extension of Na-
dal’s original academy based
on his native Mallorca. “We’ve
been coming here for many
years and we know the area,”
said the 11-time French Open
champion at a press conference
in Cancun on Monday. The
tennis centre includes eight
floodlit clay courts, a paddle
court, gymnasium and a sports
clothing and equipment store.
Although the centre will initial-
ly cater to tourists and locals,
Nadal said “one of the medi-
um- and long-term aims is to
contribute to the development
of tennis in Mexico”. — AFP
Neymar ‘cried for two
days’ after foot injury
RIO DE JANEIRO: Neymar
“cried for two days” after in-
juring his right foot for a second
time in January, he told Brazil-
ian television according to an
excerpt of an interview broad-
cast on Tuesday. The 27-year-
old Paris Saint-Germain star
recognised that damaging the
same metatarsal he hurt in Feb-
ruary 2018, necessitating an op-
eration, was serious. “It’s more
complicated. The first time I
hurt myself I said, ‘I’ll have an
operation, it has to be fixed as
quickly as possible’. I wasn’t
sad,” he told Globo TV. “This
time, I took it harder. I cried
for two days at home.” — AFP
City Football Group adds
Chinese club to stable
BENGALURU: City Football
Group (CFG) added a sev-
enth football club to its grow-
ing stable yesterday with the
announcement that it, along
with UBTECH and China
Sports Capital, has jointly pur-
chased China League Two side
Sichuan Jiuniu FC. In addition
to English champions Man-
chester City, CFG owns MLS
side New York City, Austral-
ia’s Melbourne City, Uruguay’s
Club Atletico Torque, a joint
majority stake in Spanish club
Girona and a minority stake in
Japan’s Yokohama F Marinos.
— Reuters
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.010 0.686 0.870 0.870 7134 PWF 0.870 UNCH 8.6 0.870 12.68 3.45 151.3
Sectorial Movement 1.653 0.920 1.480
7.630 4.244 6.960
1.400
6.890
7237
7084
PWROOT
QL
1.480
6.940
0.080 2440.3
0.040 2472.4
1.449 45.26
6.932 53.97
3.99
0.65
595.4
11,259.7
0.580 0.340 — — 9946 REX 0.415 — — — — — 102.3
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.265 0.180 0.250 0.235 0037 RGB 0.245 0.010 10986.7 0.244 11.40 2.49 377.1
FBM KLCI 1,726.18 19.62 1.15 CONSTRUCTION 190.35 7.16 3.91 0.868 0.669 0.730 0.730 5278 RHONEMA 0.730 -0.050 20 0.730 11.74 4.48 133.3
0.816 0.350 0.435 0.420 0183 SALUTE 0.430 0.020 1236.3 0.425 22.99 5.58 166.8
FBM ACE 4,699.69 37.58 0.81 CONSUMER PRODUCTS & SERVICES 704.27 12.15 1.76 0.445 0.115 0.345 0.335 9113 SANBUMI 0.345 0.005 2017.6 0.341 — — 85.9
FBM TOP 100 11,897.51 166.37 1.42 ENERGY 990.49 31.33 3.27 0.530 0.200 0.230 0.220 5252 SASBADI 0.230 0.010 3994.5 0.226 47.92 2.91 96.4
FBM EMAS 12,040.78 170.21 1.43 FINANCIAL SERVICES 17,783.73 117.28 0.66 0.475 0.280 0.325 0.320 5157 SAUDEE 0.320 UNCH 270 0.320 — — 42.4
0.675 0.577 0.640 0.635 9792 SEG 0.640 UNCH 62 0.638 17.83 4.30 809.3
FBM MID 70 14,486.38 330.74 2.34 HEALTH CARE 1,308.69 5.19 0.40 1.570 1.250 1.460 1.410 5250 SEM 1.450 UNCH 112.2 1.448 29.96 1.86 1,788.4
FBM MIDS CAP 13,590.50 273.17 2.05 INDUSTRIAL PRODUCTS & SERVICES 168.49 2.64 1.59 0.700 0.480 — — 7180 SERNKOU 0.555 — — — 14.80 — 133.2
FBM SMALL CAP 13,039.24 224.81 1.75 PLANTATION 7,498.56 96.12 1.30 6.336 4.581 5.640 5.630 5517 SHANG 5.630 0.050 99.3 5.637 30.61 2.66 2,477.2
1.180 0.470 0.500 0.500 7412 SHH 0.500 -0.030 61.1 0.500 — 10.00 25.0
FBM FLEDGLING 15,331.19 124.00 0.82 PROPERTY 956.18 19.84 2.12 0.649 0.315 0.350 0.345 7246 SIGN 0.350 0.005 293 0.350 13.11 4.29 84.1
FTSE4GOOD BURSA M’SIA 966.24 11.72 1.23 REAL ESTATE INVESTMENT TRUSTS 966.09 2.24 0.23 2.863 2.040 2.340 2.270 4197 SIME 2.290 0.020 12247.3 2.292 27.10 2.62 15,573.9
0.600 0.200 0.305 0.275 8532 SINOTOP 0.295 0.015 263.2 0.291 29.50 — 116.5
FBM PALM OIL PLANTATION MYR 14,082.63 322.75 2.35 TECHNOLOGY 32.59 0.43 1.34
0.418 0.105 0.175 0.170 9776 SMCAP 0.175 UNCH 2477.4 0.174 1.08 — 37.4
FBM EMAS SHARIAH 12,041.45 197.45 1.67 TELECOMMUNICATION & MEDIA 689.15 10.22 1.51 0.320 0.225 — — 7943 SNC 0.290 — — — — — 19.1
FBM HIJRAH SHARIAH 13,619.97 216.00 1.61 TRANSPORTATION & LOGISTICS 791.33 13.36 1.72 0.370 0.290 0.310 0.295 5242 SOLID 0.305 -0.005 71 0.304 51.69 0.66 119.6
2.460 2.000 2.140 2.130 7103 SPRITZER 2.140 0.020 2 2.135 15.57 2.57 449.4
FBM MIDS CAP SHARIAH 13,071.90 273.26 2.14 UTILITIES 1,022.38 16.15 1.61 2.830 1.920 2.690 2.660 9865 SUIWAH 2.660 UNCH 613 2.665 17.06 0.38 162.3
0.680 0.582 — — 03018 SUPREME 0.680 — — — 17.75 — 81.6
0.996 0.590 0.700 0.665 7186 SWSCAP 0.700 UNCH 59.1 0.691 — — 127.6

Bursa Malaysia Main Market 0.347 0.197 0.225

0.420 0.280
1.877 1.330 1.460
—
0.220
—
1.450
7082
7211
4405
SYF
TAFI
TCHONG
0.225
0.290
1.460
UNCH
—
0.040
139.7
—
26
0.223
—
—
—
1.458 22.53
5.56
—
2.05
139.3
23.2
981.1
1.300 0.695 0.900 0.860 7439 TECGUAN 0.900 0.045 16.1 0.870 — — 36.1
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 0.416 0.220 0.255 0.250 7200 TEKSENG 0.250 UNCH 106.4 0.254 — 8.00 87.0
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.340 0.735 1.340 1.290 7252 TEOSENG 1.320 0.020 2287.7 1.316 15.30 — 396.0
CONSUMER PRODUCTS & SERVICES 1.104 0.837 — — 9369 TGL 1.000 — — — 6.80 5.00 40.7
1.132 0.700 0.860 0.855 0012 3A 0.860 0.005 314.6 0.859 12.82 2.33 423.1 0.709 0.475 0.580 0.580 7230 TOMEI 0.580 -0.015 97.8 0.580 17.06 1.72 80.4
0.450 0.205 0.290 0.275 5238 AAX 0.285 0.010 14406.8 0.282 — — 1,182.2 0.420 0.300 0.410 0.400 7176 TPC 0.410 0.010 165.7 0.406 — — 95.9
0.490 0.300 0.410 0.405 7120 ACOSTEC 0.410 -0.005 75.8 0.408 — — 79.8 6.897 4.200 5.970 5.850 4588 UMW 5.890 -0.010 3689.6 5.889 13.34 0.85 6,881.3
2.606 1.390 1.560 1.510 6599 AEON 1.540 0.030 4907.9 1.541 21.75 2.60 2,162.2 2.478 2.050 2.140 2.140 7757 UPA 2.140 0.050 1 2.140 16.93 3.74 170.3
0.255 0.115 0.145 0.140 7315 AHB 0.145 0.005 131 0.141 — — 25.5 1.130 0.750 0.905 0.895 7240 VERTICE 0.905 0.025 120.2 0.897 — — 169.2
8.870 4.799 8.700 8.500 7090 AHEALTH 8.610 0.110 163.4 8.609 18.48 1.51 1,012.8 1.645 0.995 1.240 1.240 7203 WANGZNG 1.240 UNCH 0.2 1.240 19.38 3.23 198.4
3.974 1.997 3.140 2.970 5099 AIRASIA 3.140 0.190 11483.6 3.081 3.75 7.64 10,493.8 2.339 1.961 2.180 2.180 5016 WARISAN 2.180 0.030 0.1 2.180 21.91 1.83 146.5
24.942 17.740 18.820 18.720 2658 AJI 18.760 -0.060 21.2 18.760 19.48 2.48 1,140.6 0.210 0.095 0.125 0.115 5156 XDL 0.125 0.005 7155.7 0.120 16.03 — 225.6
0.360 0.140 0.280 0.275 7051 AMTEK 0.280 0.005 14.3 0.275 — — 14.0 0.615 0.400 — — 7121 XIANLNG 0.465 — — — 1550.00 — 37.2
8.344 5.600 6.000 5.900 6351 AMWAY 6.000 0.020 10.6 5.985 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 9313 0.020 — — 26.8 2.307 1.800 1.860 1.860 5584 YEELEE 1.860 UNCH 7 1.860 8.77 2.42 356.4
4.339 3.550 4.000 3.860 6432 APOLLO 4.000 0.060 25.2 3.887 25.17 5.00 320.0 1.284 0.950 1.070 1.060 5159 YOCB 1.070 0.010 9.2 1.064 6.43 3.74 171.2
0.240 0.105 0.140 0.125 1481 ASB 0.135 0.010 3787.9 0.135 — 1.85 125.4 3.390 2.267 2.950 2.940 7178 YSPSAH 2.940 -0.020 4.2 2.945 14.11 2.38 406.7
0.731 0.325 0.390 0.375 7722 ASIABRN 0.390 UNCH 2 0.383 — — 90.7 1.610 1.165 1.370 1.340 5131 ZHULIAN 1.360 0.020 158.6 1.350 11.95 5.88 625.6
2.815 2.353 2.600 2.570 7129 ASIAFLE 2.600 0.030 45.9 2.592 9.42 5.77 506.4 INDUSTRIAL PRODUCTS & SERVICES
4.493 3.919 — — 7048 ATLAN 4.400 — — — 18.46 4.55 1,116.1 0.135 0.070 — — 7086 ABLEGRP 0.075 — — — — — 19.8
0.425 0.200 0.245 0.235 8885 AVI 0.245 0.005 42.4 0.242 — — 210.3 0.625 0.350 0.370 0.365 7191 ADVENTA 0.370 0.005 15.5 0.368 35.92 — 56.5
38.680 21.708 36.180 35.460 4162 BAT 36.180 0.880 305.4 35.887 23.84 4.17 10,330.5 2.068 1.744 — — 9148 ADVPKG 2.000 — — — 30.12 4.50 41.0
2.336 1.766 2.240 2.220 5248 BAUTO 2.230 UNCH 6938.1 2.232 11.66 4.87 2,593.6 0.185 0.110 — — 7146 AEM 0.115 — — — — — 34.4
0.070 0.030 0.065 0.060 7243 BIOOSMO 0.065 0.005 5595.2 0.060 — — 51.7 0.740 0.370 — — 5198 AFUJIYA 0.510 — — — 16.24 — 91.8
1.802 1.280 — — 5196 BJFOOD 1.470 — — — 163.33 2.72 561.4 0.395 0.200 0.260 0.255 2682 AISB 0.260 UNCH 117.5 0.258 31.33 — 37.5
0.365 0.180 0.290 0.275 4219 BJLAND 0.275 -0.010 1922.3 0.279 — — 1,375.1 0.640 0.491 0.565 0.550 7609 AJIYA 0.565 0.015 143 0.554 6.89 1.77 172.1
2.487 1.918 2.330 2.300 1562 BJTOTO 2.330 0.030 889.8 2.312 13.03 6.87 3,147.9 0.905 0.420 0.495 0.490 2674 ALCOM 0.495 0.005 16 0.493 21.71 — 66.5
0.396 0.205 0.265 0.245 9288 BONIA 0.250 UNCH 194.3 0.250 14.37 5.00 201.6 1.414 1.006 — — 7083 ANALABS 1.240 — — — 14.17 1.61 148.9
0.505 0.160 0.240 0.225 9474 BRAHIMS 0.235 0.005 190.1 0.235 — — 55.5 0.682 0.366 0.510 0.495 4758 ANCOM 0.510 0.020 294.7 0.503 5.02 — 122.8
1.020 0.495 0.665 0.635 7174 CAB 0.640 -0.020 1093.9 0.652 13.39 0.78 413.8 3.556 1.150 1.430 1.380 6556 ANNJOO 1.410 0.010 594.1 1.408 4.27 13.48 789.5
1.279 0.609 1.050 1.000 7154 CAELY 1.020 -0.030 263 1.013 44.16 0.98 82.9 0.085 0.035 0.045 0.040 9342 ANZO 0.040 -0.005 1280 0.040 — — 35.2
0.365 0.220 0.280 0.270 7128 CAMRES 0.280 0.035 31.8 0.271 20.29 — 55.1 0.917 0.725 0.785 0.725 5568 APB 0.785 0.060 11.1 0.726 — 3.82 88.6
2.000 1.403 1.980 1.970 5245 CARING 1.980 UNCH 82 1.978 20.65 2.53 431.1 3.695 2.680 2.940 2.940 5015 APM 2.940 0.020 1.8 2.940 16.81 4.59 592.7
23.780 16.091 23.780 23.140 2836 CARLSBG 23.740 0.600 543.1 23.637 26.19 3.82 7,258.5 0.630 0.469 0.550 0.530 7214 ARANK 0.550 0.020 155.4 0.546 6.93 4.22 93.2
2.180 1.440 1.580 1.530 2925 CCB 1.570 0.020 20.8 1.549 193.83 — 158.2 1.099 0.590 0.695 0.685 7162 ASTINO 0.685 -0.005 38 0.689 8.29 1.46 187.8
1.010 0.365 0.660 0.625 7035 CCK 0.630 -0.010 14582.2 0.642 12.21 2.38 397.4 1.880 1.340 1.810 1.770 8176 ATAIMS 1.790 0.010 1689.7 1.788 21.21 — 2,053.2
1.463 0.925 1.170 1.120 7148 CCMDBIO 1.140 0.030 2584.7 1.136 0.51 3.57 754.5 1.025 0.545 0.605 0.600 7099 ATTA 0.605 0.010 75 0.602 2.33 13.22 129.1
0.495 0.290 — — 7209 CHEETAH 0.290 — — — 80.56 1.38 37.0 0.600 0.074 0.335 0.300 7181 ATURMJU 0.325 UNCH 407.5 0.326 — — 23.4
2.078 1.500 1.610 1.600 2828 CIHLDG 1.610 0.050 14.2 1.608 10.22 6.21 260.8 0.924 0.596 0.715 0.700 7579 AWC 0.710 UNCH 1524.6 0.703 8.45 0.70 204.3
0.115 0.060 0.065 0.060 5104 CNI 0.065 UNCH 1125.4 0.065 216.67 — 46.8 0.425 0.313 0.350 0.345 5021 AYS 0.350 UNCH 36.1 0.349 5.44 7.14 133.1
0.135 0.035 0.060 0.055 5188 CNOUHUA 0.055 -0.005 21 0.060 — — 36.7 1.930 1.182 1.310 1.300 8133 BHIC 1.310 UNCH 34.6 1.304 — 2.67 325.5
2.541 1.830 2.080 2.050 7205 COCOLND 2.060 0.010 260 2.062 15.03 2.91 471.3 0.400 0.260 0.390 0.350 7005 BIG 0.350 0.020 31.5 0.350 — — 16.8
0.085 0.005 0.045 0.040 03016 CRG 0.045 UNCH 218.6 0.044 9.57 — 36.3 0.195 0.115 0.140 0.135 6998 BINTAI 0.140 UNCH 295 0.137 10.77 — 40.5
1.553 1.050 1.120 1.110 7202 CSCENIC 1.120 -0.010 27 1.113 17.78 6.25 135.0 0.395 0.260 0.285 0.280 3395 BJCORP 0.285 0.005 5755.8 0.282 — — 1,403.2
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.768 0.500 0.580 0.575 0168 BOILERM 0.575 0.005 33.1 0.576 13.76 3.04 296.7
0.540 0.415 0.450 0.450 9423 CWG 0.450 UNCH 8 0.450 9.04 3.33 56.8 0.090 0.040 0.045 0.040 7036 BORNOIL 0.040 UNCH 11468.8 0.042 — — 213.6
0.040 0.025 0.035 0.030 7179 DBE 0.030 UNCH 1570 0.030 — — 80.3 1.350 0.865 1.340 1.280 6297 BOXPAK 1.340 -0.010 3.2 1.284 — — 160.9
1.090 0.912 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.149 0.818 1.060 1.060 5100 BPPLAS 1.060 0.020 12 1.060 11.04 3.77 198.9
4.309 2.140 2.650 2.530 5908 DKSH 2.630 0.100 412.4 2.582 8.34 3.80 414.6 0.285 0.140 0.190 0.185 9938 BRIGHT 0.190 0.005 20.5 0.185 — — 39.0
74.652 55.645 63.480 62.920 3026 DLADY 63.020 -0.360 10.5 63.037 33.56 1.59 4,033.3 0.680 0.260 — — 7221 BSLCORP 0.410 — — — 82.00 — 40.2
2.681 1.600 1.900 1.830 1619 DRBHCOM 1.870 0.040 8472.5 1.871 — 1.60 3,615.2 2.800 1.340 1.540 1.480 2771 BSTEAD 1.530 0.060 284.5 1.520 43.10 4.90 3,101.3
0.275 0.095 0.120 0.110 2097 EASTLND 0.115 0.005 8701.7 0.117 — — 28.3 0.300 0.070 0.120 0.120 7188 BTM 0.120 UNCH 56 0.120 — — 17.0
0.665 0.509 — — 5081 EIG 0.660 — — — 27.62 4.55 156.5 2.880 1.830 2.720 2.680 5105 CANONE 2.690 -0.010 111.6 2.698 10.09 1.49 516.9
0.100 0.050 0.070 0.065 7182 EKA 0.070 0.005 195 0.067 — — 21.8 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.240 0.150 0.190 0.165 9091 EMICO 0.190 -0.010 80 0.188 — — 19.2 1.712 0.960 1.090 1.060 7076 CBIP 1.080 0.010 517.5 1.069 12.30 4.63 581.3
1.415 0.935 — — 7149 ENGKAH 1.080 — — — 9.83 2.78 76.4 2.355 1.515 1.920 1.860 2879 CCM 1.920 0.040 1057.7 1.908 32.54 3.65 322.0
0.365 0.125 0.150 0.145 7208 EURO 0.145 UNCH 193.1 0.146 — — 38.8 0.869 0.630 — — 8435 CEPCO 0.630 — — — — — 47.0
0.750 0.425 0.440 0.440 7094 EUROSP 0.440 0.015 91 0.440 — — 19.5 1.360 0.900 — — 8044 CFM 1.220 — — — — — 50.0
39.629 28.929 36.020 35.260 3689 F&N 35.900 0.900 211.8 35.933 32.81 1.60 13,167.3 0.490 0.330 0.350 0.350 7187 CHGP 0.350 UNCH 19.7 0.350 17.68 — 104.0
0.950 0.730 0.730 0.730 2755 FCW 0.730 UNCH 1 0.730 187.18 — 182.5 1.120 0.630 0.745 0.735 5273 CHINHIN 0.745 0.005 1331 0.740 17.74 4.70 414.5
0.570 0.430 0.520 0.515 6939 FIAMMA 0.520 UNCH 76.1 0.520 8.07 4.33 275.6 2.000 1.446 1.800 1.730 5007 CHINWEL 1.780 0.050 219.6 1.781 8.80 4.49 533.2
0.487 0.280 0.355 0.335 8605 FIHB 0.355 0.010 87.2 0.343 7.67 2.20 38.7 2.183 1.410 1.700 1.690 5797 CHOOBEE 1.690 UNCH 48.9 1.697 5.06 2.96 222.6
2.070 1.150 2.040 1.930 9172 FPI 1.940 -0.070 1621.8 1.975 12.29 4.12 479.9 0.493 0.230 0.385 0.350 7016 CHUAN 0.350 UNCH 29.1 0.350 — 3.14 59.0
0.950 0.600 — — 7184 G3 0.785 — — — — — 323.8 0.880 0.420 0.480 0.480 8052 CICB 0.480 -0.020 0.1 0.480 27.27 2.02 43.2
3.600 1.308 3.570 3.350 5102 GCB 3.560 0.210 3287.6 3.489 10.70 0.56 1,709.4 0.060 0.035 0.040 0.040 7018 CME 0.040 UNCH 200 0.040 — — 23.4
0.580 0.400 0.430 0.430 5592 GCE 0.430 -0.005 3.5 0.430 — 4.65 84.7 4.334 1.740 3.050 2.990 2852 CMSB 3.010 0.030 2836 3.008 11.86 2.66 3,233.9
5.325 2.760 3.500 3.460 4715 GENM 3.490 0.010 11165.6 3.486 — 3.15 20,723.8 0.900 0.400 0.460 0.460 7986 CNASIA 0.460 0.025 1 0.460 12.99 — 20.9
9.013 5.910 7.500 7.170 3182 GENTING 7.500 0.310 8380.8 7.383 31.51 1.93 29,076.7 1.350 0.735 1.030 1.010 5071 COASTAL 1.010 -0.010 109.3 1.015 — 1.98 536.9
0.245 0.100 0.125 0.120 5079 GETS 0.120 UNCH 5.7 0.120 — — 15.1 0.327 0.080 0.160 0.140 7195 COMCORP 0.155 0.015 1421.4 0.152 — — 21.7
0.230 0.105 0.130 0.120 0136 GREENYB 0.130 0.010 137.3 0.122 46.43 2.31 43.4 1.149 0.684 0.880 0.865 2127 COMFORT 0.880 0.005 314.7 0.875 21.15 1.14 494.5
5.192 2.480 2.940 2.890 7668 HAIO 2.900 0.010 306.7 2.900 14.64 6.21 870.9 0.035 0.020 0.030 0.020 5037 COMPUGT 0.030 0.005 1980.8 0.025 — — 70.4
3.888 3.400 3.800 3.760 5008 HARISON 3.800 UNCH 13 3.797 10.54 5.26 260.3 1.550 0.975 1.180 1.170 5094 CSCSTEL 1.180 0.010 102 1.179 11.23 8.47 448.4
0.370 0.055 0.080 0.075 5187 HBGLOB 0.075 -0.005 478 0.077 2.57 — 35.1 0.667 0.470 0.510 0.510 7157 CYL 0.510 -0.050 5 0.510 — 7.84 51.0
23.548 17.420 22.880 22.500 3255 HEIM 22.860 0.260 159.5 22.812 25.01 3.94 6,906.0 0.410 0.295 — — 5082 CYMAO 0.360 — — — — — 27.0
12.115 8.420 9.800 9.560 3301 HLIND 9.650 -0.050 98.6 9.640 9.31 3.83 3,164.3 1.780 1.333 1.750 1.720 5184 CYPARK 1.730 -0.010 574.6 1.727 9.79 2.16 792.4
0.790 0.578 0.640 0.625 5160 HOMERIZ 0.630 UNCH 135.9 0.632 9.62 3.97 189.0 2.373 1.560 1.600 1.590 8125 DAIBOCI 1.600 UNCH 535 1.598 21.19 2.59 524.6
1.154 0.940 1.050 1.030 5024 HUPSENG 1.040 -0.020 242.3 1.039 19.37 5.77 832.0 0.585 0.320 0.525 0.510 5276 DANCO 0.520 0.005 831.5 0.518 11.82 2.88 155.0
0.420 0.280 0.350 0.340 8478 HWATAI 0.345 0.005 112.1 0.347 — — 25.8 0.645 0.120 0.245 0.240 7212 DESTINI 0.240 UNCH 3837.1 0.240 53.33 — 277.3
2.070 1.089 1.240 1.220 5107 IQGROUP 1.230 UNCH 12 1.229 — 8.13 108.3 0.755 0.270 0.525 0.495 7114 DNONCE 0.500 -0.030 950.6 0.507 27.03 — 121.7
0.070 0.030 0.035 0.030 7223 JADI 0.035 UNCH 300.6 0.035 — — 33.0 0.295 0.100 — — 5835 DOLMITE 0.110 — — — — — 31.3
1.229 0.709 0.840 0.815 7152 JAYCORP 0.815 UNCH 12.6 0.821 10.24 6.13 111.9 0.160 0.070 0.155 0.145 5265 DOLPHIN 0.155 0.005 3215.1 0.150 — — 37.9
0.487 0.330 0.370 0.345 8931 JERASIA 0.365 0.015 14.1 0.367 3.89 2.74 29.9 1.369 1.156 1.260 1.240 7169 DOMINAN 1.250 -0.010 46.2 1.248 6.46 5.60 206.6
1.340 0.823 1.340 1.290 7167 JOHOTIN 1.320 0.030 1462.7 1.319 17.05 3.03 409.8 2.713 0.598 1.900 1.840 7233 DUFU 1.870 0.030 4311.5 1.867 10.60 2.50 492.2
0.400 0.280 — — 8672 KAMDAR 0.305 — — — — — 60.4 2.950 1.818 2.940 2.890 1368 EDGENTA 2.890 -0.030 1514 2.918 18.01 3.81 2,403.4
1.149 0.375 0.460 0.435 5247 KAREX 0.460 0.025 33197.1 0.453 57.50 1.09 461.1 0.320 0.170 0.180 0.175 0064 EFFICEN 0.175 -0.010 129 0.177 — — 124.1
2.708 1.640 1.700 1.680 7216 KAWAN 1.680 -0.020 185.1 1.698 26.21 2.33 604.0 0.640 0.430 0.470 0.465 8907 EG 0.465 -0.005 394.1 0.467 7.49 — 125.8
0.180 0.080 0.155 0.150 8303 KFM 0.155 0.005 50 0.153 — — 10.6 1.687 1.095 1.470 1.470 5208 EITA 1.470 UNCH 8 1.470 9.51 3.40 191.1
0.710 0.540 — — 6203 KHEESAN 0.600 — — — 13.36 2.50 62.4 0.990 0.634 0.820 0.820 9016 EKSONS 0.820 0.010 3 0.820 — 6.10 134.7
1.960 1.400 — — 7062 KHIND 1.700 — — — 29.31 0.59 68.1 0.780 0.370 0.450 0.440 7217 EMETALL 0.450 UNCH 105 0.449 10.79 5.56 84.7
1.868 1.573 1.800 1.750 0002 KOTRA 1.790 0.060 103.4 1.760 12.46 3.35 257.3 1.230 0.805 0.875 0.855 5056 ENGTEX 0.875 0.025 737.5 0.867 12.36 1.71 387.9
0.730 0.330 — — 7130 KPOWER 0.450 — — — — — 34.3 0.510 0.365 0.400 0.400 7773 EPMB 0.400 UNCH 21 0.400 — — 66.4
0.145 0.080 — — 5172 KSTAR 0.095 — — — — — 36.2 0.625 0.335 0.405 0.400 5101 EVERGRN 0.405 0.005 1213.5 0.401 9.23 3.41 342.8
0.160 0.050 0.075 0.070 4847 KTB 0.075 0.005 46 0.070 — — 30.2 1.640 1.050 — — 2984 FACBIND 1.290 — — — 64.18 3.10 109.9
0.870 0.450 0.510 0.495 1643 LANDMRK 0.510 0.015 196.5 0.498 — — 269.7 2.550 2.200 2.550 2.510 7229 FAVCO 2.550 0.050 65.3 2.546 10.54 5.29 564.6
4.096 2.953 3.900 3.850 7006 LATITUD 3.900 0.020 5.6 3.855 38.61 1.54 379.1 0.609 0.403 — — 0149 FIBON 0.490 — — — 23.22 1.53 48.0
0.985 0.325 0.495 0.485 9385 LAYHONG 0.485 UNCH 6966.6 0.487 25.26 1.03 320.2 1.932 1.703 1.880 1.880 3107 FIMACOR 1.880 UNCH 13 1.880 8.95 6.65 461.1
1.090 0.497 0.970 0.960 8079 LEESK 0.970 0.015 116.8 0.963 15.67 1.55 162.8 0.495 0.365 0.490 0.480 9318 FITTERS 0.490 UNCH 2099.7 0.484 23.90 — 235.4
3.265 2.135 2.830 2.790 7089 LIIHEN 2.830 0.040 97.8 2.817 10.26 4.42 509.4 1.870 0.914 1.830 1.750 5197 FLBHD 1.780 -0.010 671.5 1.783 8.29 — 187.8
0.630 0.366 0.580 0.545 7126 LONBISC 0.580 0.020 10425.8 0.565 9.98 — 148.8 0.455 0.177 0.310 0.300 5277 FPGROUP 0.305 0.010 10621.6 0.306 18.26 3.28 158.2
1.350 0.780 1.340 1.320 7085 LTKM 1.340 0.010 53.3 1.327 21.65 1.49 174.3 1.650 0.605 — — 7197 GESHEN 0.780 — — — 12.50 — 62.4
5.340 3.833 4.640 4.510 7087 MAGNI 4.610 UNCH 107.7 4.590 7.77 3.04 750.2 0.545 0.420 0.495 0.480 5220 GLOTEC 0.485 -0.005 1097.7 0.487 — — 130.5
2.300 1.658 2.300 2.270 3859 MAGNUM 2.290 UNCH 1420.6 2.285 38.29 4.80 3,292.4 0.330 0.170 0.225 0.220 7192 GOODWAY 0.225 0.010 145 0.224 9.53 — 24.9
0.145 0.115 0.130 0.125 3514 MARCO 0.125 0.005 1152.3 0.125 10.16 4.00 131.8 0.110 0.080 0.085 0.085 7096 GPA 0.085 -0.005 30 0.085 425.00 — 83.3
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.325 0.170 0.210 0.190 5649 GPHAROS 0.210 UNCH 43.1 0.198 5.44 — 28.5
1.041 0.800 — — 5886 MBG 0.810 — — — 66.39 3.70 49.2 0.745 0.420 0.500 0.500 3247 GUH 0.500 UNCH 23.5 0.500 — — 139.0
2.688 1.838 2.670 2.620 5983 MBMR 2.650 0.030 196.2 2.645 — 2.26 1,035.9 1.120 0.670 — — 5151 HALEX 0.850 — — — — — 90.1
0.425 0.185 0.275 0.270 7234 MESB 0.275 0.020 43 0.270 — — 22.5 10.000 8.703 9.930 9.890 3034 HAPSENG 9.910 0.020 534.9 9.905 21.77 3.53 24,672.7
0.220 0.177 — — 03015 MFGROUP 0.220 — — — 23.91 — 70.4 7.383 4.920 5.500 5.460 5168 HARTA 5.470 -0.020 4074.4 5.472 37.78 1.57 18,231.7
1.720 0.452 0.620 0.605 3662 MFLOUR 0.610 UNCH 4201.4 0.614 67.78 8.62 562.9 15.646 4.510 5.660 5.380 4324 HENGYUAN 5.660 0.290 1379.3 5.525 7.22 0.35 1,698.0
0.860 0.600 — — 7935 MILUX 0.680 — — — — — 37.0 0.995 0.525 0.655 0.640 5095 HEVEA 0.650 0.010 1122.7 0.647 13.98 9.23 364.4
0.245 0.040 0.050 0.045 5166 MINDA 0.045 UNCH 200.5 0.050 — — 55.8 0.806 0.609 0.700 0.695 3298 HEXZA 0.695 -0.010 12 0.699 18.24 7.19 139.3
4.120 2.100 2.480 2.380 5202 MSM 2.400 0.020 23.2 2.404 28.54 — 1,687.2 0.518 0.215 0.305 0.290 5072 HIAPTEK 0.305 0.015 5251.7 0.297 18.05 1.64 410.0
0.040 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 557.2 0.010 — — 6.1 1.360 0.705 1.110 1.060 5199 HIBISCS 1.080 0.030 103683.9 1.087 5.84 — 1,715.3
0.230 0.145 0.190 0.185 3891 MUIIND 0.190 0.005 975.8 0.187 — — 557.2 1.680 1.110 — — 7033 HIGHTEC 1.280 — — — 13.13 2.73 52.0
2.297 1.620 2.050 2.000 3905 MULPHA 2.050 0.070 268.9 2.020 2.33 — 655.2 0.815 0.465 0.495 0.475 8443 HIL 0.490 0.005 75.6 0.485 11.78 3.57 163.7
1.788 1.252 1.410 1.390 5275 MYNEWS 1.390 -0.010 271.5 1.400 35.82 0.72 948.2 0.620 0.335 0.520 0.500 5165 HOKHENG 0.520 0.025 30 0.513 123.81 — 41.6
159.7 116.9 150.5 148.0 4707 NESTLE 150.000 1.500 127.7 149.836 52.61 1.83 35,175.0 1.910 0.445 1.020 0.970 0185 HSSEB 1.000 0.045 7901.8 0.996 17.76 0.77 495.9
3.254 2.500 2.830 2.830 7060 NHFATT 2.830 -0.020 1 2.830 14.02 3.63 234.0 0.620 0.130 0.205 0.200 2739 HUAAN 0.200 UNCH 5572.1 0.201 5.54 — 224.5
0.060 0.035 0.040 0.035 7139 NICE 0.040 UNCH 335.7 0.037 8.16 — 28.1 2.010 0.465 0.545 0.540 5000 HUMEIND 0.545 0.005 699.6 0.545 — 3.67 261.1
0.345 0.150 0.335 0.325 7215 NIHSIN 0.330 -0.010 3736.9 0.330 19.88 — 106.1 0.130 0.090 0.110 0.105 9601 HWGB 0.110 0.005 389.7 0.106 — — 35.7
0.630 0.472 0.510 0.505 5066 NTPM 0.510 0.005 18.5 0.509 26.70 4.71 572.8 2.308 1.709 2.240 2.150 7222 IMASPRO 2.230 -0.010 1940.9 2.229 161.59 1.57 178.4
0.650 0.300 — — 5533 OCB 0.350 — — — — — 36.0 0.905 0.430 — — 5673 IPMUDA 0.510 — — — — — 37.0
0.611 0.381 0.455 0.445 0049 OCNCASH 0.445 -0.005 227.6 0.449 13.09 2.04 109.2 0.290 0.100 0.125 0.120 7183 IRETEX 0.125 UNCH 93.3 0.125 — — 18.2
1.115 0.635 0.710 0.700 7107 OFI 0.710 0.010 87.4 0.705 18.11 3.52 170.4 0.150 0.110 0.115 0.115 8648 JASKITA 0.115 UNCH 20 0.115 — — 51.7
0.135 0.090 0.110 0.105 3018 OLYMPIA 0.105 UNCH 182.8 0.105 6.29 — 107.5 1.746 1.340 1.540 1.490 0058 JCBNEXT 1.490 -0.020 0.8 1.509 22.41 3.02 205.3
6.810 5.742 6.810 6.760 4006 ORIENT 6.810 0.040 102.2 6.791 8.35 2.94 4,224.9 0.255 0.165 0.195 0.190 9083 JETSON 0.195 0.005 51 0.191 — — 41.3
1.235 0.460 0.720 0.640 5260 OWG 0.700 0.060 5475.3 0.694 33.82 — 194.0 1.080 0.950 — — 7043 JMR 0.995 — — — — — 126.2
6.119 3.150 3.620 3.450 7052 PADINI 3.600 0.140 5177.6 3.564 14.35 2.78 2,368.5 0.235 0.125 0.145 0.145 0054 KARYON 0.145 UNCH 612.8 0.145 7.29 2.07 69.0
39.301 31.009 38.100 38.100 3719 PANAMY 38.100 UNCH 1.6 38.100 18.28 3.88 2,314.4 0.630 0.446 0.630 0.630 7199 KEINHIN 0.630 0.030 1 0.630 39.13 1.59 68.6
0.422 0.300 0.340 0.310 5022 PAOS 0.315 -0.020 32.3 0.327 47.01 2.54 57.1 1.667 1.364 1.650 1.610 6491 KFIMA 1.630 0.030 79.7 1.630 7.83 5.52 460.0
0.380 0.230 0.300 0.260 9407 PARAGON 0.270 UNCH 1.7 0.296 — — 18.9 1.310 0.584 1.310 1.280 0151 KGB 1.300 0.020 1637.6 1.300 17.88 0.77 364.0
0.650 0.225 0.245 0.230 5657 PARKSON 0.240 0.005 3224.8 0.236 — — 262.5 0.400 0.200 — — 6211 KIALIM 0.230 — — — — — 14.2
0.337 0.185 0.220 0.210 6068 PCCS 0.220 0.005 236.7 0.215 5.12 4.55 46.2 3.050 2.000 3.040 3.030 3522 KIANJOO 3.030 UNCH 644.3 3.038 20.39 1.32 1,345.8
0.880 0.290 0.400 0.390 5231 PELIKAN 0.400 -0.005 31.2 0.393 41.67 — 221.3 1.557 1.090 1.240 1.240 5371 KIMHIN 1.240 UNCH 5 1.240 — 4.03 193.0
0.640 0.350 0.405 0.385 9997 PENSONI 0.405 0.025 71.1 0.403 — — 52.5 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.450 0.195 0.405 0.395 7080 PERMAJU 0.400 0.005 10034.8 0.400 — — 78.4 1.070 0.780 1.070 1.040 9466 KKB 1.070 0.030 118 1.059 17.98 1.87 275.8
28.181 22.720 27.500 26.900 5681 PETDAG 27.060 0.300 373 27.067 24.86 3.40 26,882.9 0.245 0.070 0.115 0.105 7164 KNM 0.115 0.010 31956.2 0.110 — — 272.5
0.180 0.140 0.150 0.145 4081 PMCORP 0.145 UNCH 565.4 0.145 53.70 — 112.1 0.890 0.420 — — 5035 KNUSFOR 0.420 — — — — — 41.9
0.210 0.060 0.060 0.060 1287 PMHLDG 0.060 UNCH 5982.6 0.060 — — 55.7 1.700 0.830 1.560 1.490 6971 KOBAY 1.550 0.060 121.3 1.520 10.44 — 158.2
0.613 0.431 0.520 0.495 5080 POHKONG 0.520 0.040 136.6 0.510 10.08 1.92 213.4 0.245 0.120 0.195 0.190 7017 KOMARK 0.190 -0.005 973 0.192 — — 31.2
1.610 1.093 1.600 1.570 7088 POHUAT 1.600 0.010 90.7 1.579 7.45 4.38 373.2 4.683 3.140 4.090 4.010 7153 KOSSAN 4.050 0.050 2587 4.051 25.70 1.48 5,179.7
18.980 16.860 18.980 18.360 4065 PPB 18.920 0.600 3100.7 18.739 21.89 1.39 26,915.6 0.880 0.470 0.520 0.510 9121 KPSCB 0.520 0.010 22 0.511 5.55 — 76.9
0.518 0.330 0.375 0.375 7190 PPG 0.375 0.015 10 0.375 76.53 1.33 37.5 4.830 3.665 4.830 4.800 3476 KSENG 4.810 0.010 33 4.817 46.29 2.08 1,738.7
0.925 0.700 0.750 0.750 7168 PRG 0.750 UNCH 76 0.750 — — 234.2 0.724 0.285 0.340 0.305 5192 KSSC 0.315 0.010 93.6 0.329 7.82 6.35 30.2
0.842 0.495 0.580 0.570 8966 PRLEXUS 0.580 -0.005 66.1 0.580 14.76 2.59 104.6 0.530 0.225 0.450 0.435 6874 KUB 0.440 UNCH 6280.4 0.441 13.02 3.41 244.8
0.315 0.220 0.250 0.240 0186 PTRANS 0.250 0.010 11441.3 0.244 9.12 3.80 355.7 0.520 0.250 0.345 0.305 8362 KYM 0.340 UNCH 28.7 0.320 — — 51.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • 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)
5.390 1.800 1.900 1.820 3794 LAFMSIA 1.820 0.020 765 1.849 — — 1,546.4 4.683 3.140 4.090 4.010 7153 KOSSAN 4.050 0.050 2587 4.051 25.70 1.48 5,179.7
0.673 0.440 0.500 0.500 9326 LBALUM 0.500 0.010 79.5 0.500 19.69 2.00 124.2 1.868 1.573 1.800 1.750 0002 KOTRA 1.790 0.060 103.4 1.760 12.46 3.35 257.3
6.192 4.110 4.500 4.460 5284 LCTITAN 4.480 0.050 398.5 4.469 12.95 5.13 10,338.9 1.170 0.840 1.090 1.050 5878 KPJ 1.070 -0.010 11668.9 1.069 24.49 1.87 4,732.1
0.957 0.400 0.505 0.505 5232 LEONFB 0.505 0.005 57 0.505 3.05 2.97 156.6 4.120 2.645 2.750 2.730 7081 PHARMA 2.740 -0.010 389.7 2.739 11.90 7.30 713.8
0.305 0.100 0.140 0.140 8745 LEWEKO 0.140 -0.015 20 0.140 — — 45.1 2.285 1.430 1.700 1.660 7106 SUPERMX 1.670 -0.020 7577.5 1.680 18.76 2.17 2,271.7
0.225 0.085 — — 7170 LFECORP 0.110 — — — — — 20.4 0.845 0.695 0.735 0.725 0101 TMCLIFE 0.735 0.005 191.6 0.729 44.82 0.24 1,276.3
0.775 0.405 0.420 0.420 8486 LIONFIB 0.420 UNCH 1.2 0.420 10.10 — 97.3 6.297 4.610 5.210 5.110 7113 TOPGLOV 5.170 0.030 5692.4 5.155 30.22 1.64 13,238.2
1.390 0.450 0.555 0.540 4235 LIONIND 0.550 0.015 4175 0.546 2.29 — 394.9 0.385 0.230 — — 03013 TOPVISN 0.380 — — — 45.78 — 97.1
0.560 0.250 0.270 0.265 9881 LSTEEL 0.270 0.010 60 0.269 4.02 — 34.6 3.390 2.267 2.950 2.940 7178 YSPSAH 2.940 -0.020 4.2 2.945 14.11 2.38 406.7
0.115 0.075 0.085 0.080 5068 LUSTER 0.085 0.005 325 0.081 20.24 — 168.0 FINANCIAL SERVICES
0.745 0.500 0.555 0.550 5143 LUXCHEM 0.555 0.005 128.6 0.554 12.44 4.50 479.7 4.350 3.678 4.250 4.170 2488 ABMB 4.190 0.020 515.6 4.196 12.68 3.65 6,486.6
4.062 2.250 2.740 2.740 9199 LYSAGHT 2.740 UNCH 3 2.740 11.52 2.55 113.9 17.260 11.741 17.240 16.860 5139 AEONCR 17.000 0.240 146.8 17.090 11.48 2.49 4,263.6
1.381 0.340 0.485 0.470 5098 MASTEEL 0.480 0.010 1489.3 0.481 4.95 1.88 205.1 2.574 2.153 2.310 2.260 5185 AFFIN 2.310 0.020 306.1 2.301 8.33 2.16 4,587.7
0.730 0.531 0.640 0.630 7029 MASTER 0.630 -0.010 235.4 0.634 6.73 3.17 34.4 14.274 10.137 13.820 13.540 1163 ALLIANZ 13.800 0.240 53.9 13.625 6.65 2.90 2,439.3
1.256 0.905 1.080 1.050 5152 MBL 1.080 0.020 163.7 1.060 9.87 0.93 111.2 4.590 3.278 4.520 4.440 1015 AMBANK 4.450 0.030 3194.1 4.461 11.46 3.37 13,413.1
0.830 0.435 0.600 0.600 7004 MCEHLDG 0.600 UNCH 10 0.600 — — 26.6 1.560 0.900 1.010 0.985 5088 APEX 1.010 0.025 62.4 0.990 24.34 — 215.7
0.245 0.090 0.125 0.120 3778 MELEWAR 0.120 UNCH 182.2 0.122 — — 43.1 4.300 3.252 4.260 4.200 5258 BIMB 4.220 UNCH 231.2 4.223 10.56 3.67 7,445.3
0.715 0.435 — — 5223 MENTIGA 0.455 — — — 7.25 — 31.9 7.839 6.609 7.280 7.180 1818 BURSA 7.230 0.050 1399 7.219 26.07 3.54 5,838.0
1.750 1.540 — — 6149 METROD 1.600 — — — 18.78 3.75 192.0 7.206 5.101 5.800 5.670 1023 CIMB 5.760 0.070 15608.3 5.758 9.67 4.34 55,091.3
0.681 0.240 0.300 0.295 5001 MIECO 0.300 UNCH 583.6 0.298 — 3.33 157.5 0.400 0.240 — — 2143 ECM 0.325 — — — 69.15 — 156.0
0.125 0.045 0.055 0.050 7219 MINETEC 0.055 UNCH 142 0.050 — — 50.7 1.350 1.114 1.350 1.330 5228 ELKDESA 1.350 0.010 106.2 1.347 12.31 5.19 417.1
0.424 0.244 0.305 0.285 5576 MINHO 0.295 0.010 972.1 0.295 8.33 1.63 100.5 21.380 17.289 21.340 21.120 5819 HLBANK 21.320 0.180 1537.3 21.221 16.11 2.25 46,215.8
0.917 0.667 0.850 0.800 5916 MSC 0.850 0.055 90.6 0.819 61.59 1.18 340.0 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
0.115 0.060 0.100 0.095 0043 MTRONIC 0.100 0.005 628 0.095 — — 32.1 20.140 17.251 20.140 19.700 1082 HLFG 19.820 0.160 736.9 19.864 11.58 2.02 22,743.8
2.884 1.154 2.150 2.090 3883 MUDA 2.130 0.040 1080.6 2.125 7.36 1.64 649.8 0.913 0.645 0.880 0.865 3379 INSAS 0.870 0.005 365.7 0.872 7.42 2.30 603.2
0.555 0.225 0.260 0.260 5087 MYCRON 0.260 0.005 14.2 0.260 6.28 — 85.0 0.345 0.070 0.100 0.090 3441 JOHAN 0.100 0.010 567 0.095 — — 62.3
0.640 0.330 0.500 0.485 7241 NGGB 0.495 0.005 1983.2 0.493 137.50 — 226.9 0.780 0.555 0.580 0.570 6483 KENANGA 0.580 0.015 203.6 0.572 11.33 5.17 419.2
0.355 0.065 0.075 0.070 5025 NWP 0.075 0.005 186.2 0.070 — — 29.4 2.703 1.570 1.650 1.650 2186 KUCHAI 1.650 UNCH 47 1.650 4.52 0.61 204.2
0.816 0.563 0.685 0.675 4944 NYLEX 0.685 0.010 70.1 0.680 9.40 2.92 133.1 16.803 15.250 16.320 16.280 8621 LPI 16.320 0.020 24.7 16.299 20.70 4.17 6,501.6
0.984 0.555 0.625 0.610 7140 OKA 0.610 0.010 206.3 0.616 7.72 6.02 149.7 0.773 0.400 0.625 0.590 1198 MAA 0.590 -0.025 135.6 0.618 — 10.17 161.4
1.738 0.880 1.030 1.010 5065 ORNA 1.030 0.020 191.7 1.023 6.68 4.85 77.5 3.217 2.300 — — 1058 MANULFE 2.380 — — — 18.52 3.36 481.6
0.100 0.045 0.060 0.060 7225 PA 0.060 UNCH 1380.3 0.060 — — 112.2 10.451 8.458 9.540 9.480 1155 MAYBANK 9.520 0.040 22177.4 9.518 13.03 5.99 105,193.0
1.219 0.700 0.865 0.855 8419 PANSAR 0.865 0.005 990.9 0.865 41.39 1.73 266.4 1.254 0.890 1.070 1.050 1171 MBSB 1.070 0.030 7603.1 1.063 9.94 4.67 6,836.3
0.636 0.410 0.540 0.500 5125 PANTECH 0.535 0.035 4663.5 0.527 8.36 3.74 400.1 2.062 0.845 1.180 1.130 6459 MNRB 1.180 0.050 2036.6 1.163 4.04 — 905.1
10.200 7.747 9.210 8.830 5183 PCHEM 9.150 0.250 13707.1 9.144 15.63 3.17 73,200.0 1.600 1.010 1.080 1.030 5237 MPHBCAP 1.080 0.050 238.8 1.059 13.22 — 772.2
1.344 0.669 0.960 0.930 5271 PECCA 0.940 0.015 873.8 0.945 15.91 5.32 176.7 1.094 0.980 1.000 0.995 6009 P&O 1.000 UNCH 68.4 0.999 — 5.21 286.9
5.292 3.280 4.960 4.940 5436 PERSTIM 4.960 0.060 20.8 4.947 10.64 6.05 492.6 26.160 21.322 25.100 24.980 1295 PBBANK 25.060 0.060 4402.5 25.041 17.10 2.63 97,286.4
1.950 0.950 1.240 1.200 5219 PESTECH 1.220 -0.010 744.8 1.212 16.42 — 932.4 1.720 1.008 1.630 1.610 9296 RCECAP 1.610 -0.010 315.5 1.618 5.93 4.97 579.6
20.000 16.580 18.480 18.120 6033 PETGAS 18.200 0.100 1132.6 18.211 19.89 3.96 36,012.9 5.795 4.826 5.600 5.550 1066 RHBBANK 5.560 0.040 5020.8 5.571 10.15 3.15 22,295.9
0.250 0.030 — — 7027 PETONE — — — — — — — 0.695 0.461 0.665 0.650 4898 TA 0.665 0.010 390.8 0.659 5.11 6.17 1,138.4
11.844 6.010 7.350 7.190 3042 PETRONM 7.310 0.150 242 7.263 5.65 3.42 1,973.7 4.680 3.079 4.570 4.460 6139 TAKAFUL 4.490 0.060 2177.5 4.505 12.54 3.34 3,700.7
1.500 1.000 1.070 1.070 3611 PGLOBE 1.070 UNCH 0.4 1.070 — — 199.7 1.001 0.525 0.675 0.655 5230 TUNEPRO 0.675 0.025 3084.5 0.669 10.77 4.44 507.4
0.218 0.090 0.130 0.120 7201 PICORP 0.130 0.005 441.1 0.126 56.52 1.15 85.5 PROPERTY
1.770 1.186 1.630 1.590 7095 PIE 1.630 0.030 1143.3 1.617 13.56 1.47 626.0 0.380 0.230 — — 7131 ACME 0.230 — — — 15.97 — 54.9
0.245 0.100 — — 7163 PJBUMI 0.190 — — — — — 15.6 0.714 0.490 0.520 0.515 1007 AMPROP 0.515 -0.005 551.5 0.520 2.55 7.77 313.9
4.280 3.090 3.240 3.150 7172 PMBTECH 3.190 0.070 160.7 3.192 50.08 0.78 515.6 0.396 0.220 — — 1007PA AMPROP-PA 0.250 — — — — 8.00 72.1
5.705 3.753 4.150 4.080 8869 PMETAL 4.120 0.040 1425 4.127 25.83 1.58 16,322.4 1.270 0.870 1.050 1.000 5959 AMVERTON 1.050 0.065 37 1.001 11.45 — 383.3
0.570 0.460 0.545 0.545 6637 PNEPCB 0.545 0.025 1 0.545 187.93 — 71.7 0.650 0.280 — — 7007 ARK 0.450 — — — — — 21.9
0.590 0.260 0.440 0.415 8117 POLY 0.440 0.005 34 0.428 12.32 — 70.4 0.175 0.110 0.125 0.115 4057 ASIAPAC 0.120 UNCH 2336.3 0.120 4.72 — 124.5
0.770 0.390 0.585 0.560 8273 PPHB 0.580 0.015 720.5 0.575 6.11 — 109.4 6.741 4.200 — — 2305 AYER 4.200 — — — 23.00 1.19 314.4
1.055 0.492 0.585 0.580 9873 PRESTAR 0.580 UNCH 81.1 0.581 5.63 6.90 118.8 0.475 0.220 0.305 0.295 6602 BCB 0.295 -0.005 110 0.297 4.01 — 121.7
0.101 0.035 0.050 0.045 7123 PWORTH 0.045 UNCH 6896.2 0.045 0.08 — 184.3 0.630 0.285 0.360 0.340 6173 BDB 0.360 0.020 268.9 0.347 — — 109.4
0.960 0.705 — — 7544 QUALITY 0.815 — — — — — 47.2 0.430 0.180 0.260 0.260 9814 BERTAM 0.260 0.005 260 0.260 — — 53.8
0.500 0.190 0.195 0.190 7498 RALCO 0.190 -0.010 0.4 0.193 — — 8.8 0.539 0.245 0.320 0.300 3239 BJASSET 0.320 0.005 275.1 0.306 — — 818.6
0.520 0.210 0.340 0.325 5256 REACH 0.340 0.005 11412.7 0.334 — — 372.8 1.580 0.963 1.520 1.500 5738 CHHB 1.500 -0.010 165.5 1.508 3.46 — 413.6
0.338 0.241 0.320 0.310 7232 RESINTC 0.320 UNCH 9.4 0.310 28.07 7.81 43.9 1.367 1.190 1.320 1.300 6718 CRESNDO 1.320 0.030 24 1.313 12.88 4.55 370.2
0.250 0.160 0.240 0.220 9954 RGTBHD 0.225 0.005 8922.4 0.231 — — 129.8 1.590 1.108 1.520 1.500 5049 CVIEW 1.500 UNCH 51.1 1.508 2.13 3.33 150.0
1.495 0.560 0.640 0.610 9741 ROHAS 0.620 0.010 438.4 0.623 12.06 3.23 293.0 2.990 1.918 2.980 2.980 5355 DAIMAN 2.980 UNCH 391 2.980 18.22 1.68 632.3
0.687 0.435 0.470 0.460 7803 RUBEREX 0.465 0.005 182.8 0.469 8.35 3.76 117.3 0.57 0.220 0.455 0.415 3484 DBHD 0.440 0.020 7547.7 0.439 7.67 — 140.1
4.118 3.580 3.750 3.700 5134 SAB 3.700 UNCH 34.3 3.708 14.67 1.35 506.7 0.100 0.050 0.065 0.060 7198 DPS 0.065 UNCH 265.5 0.060 — — 38.2
8.480 5.708 7.640 7.460 9822 SAM 7.640 0.180 33.6 7.544 13.87 1.83 1,032.7 1.656 0.850 0.915 0.870 3417 E&O 0.910 0.040 25675.4 0.904 13.58 3.23 1,207.3
1.201 0.640 0.700 0.685 5147 SAMCHEM 0.690 0.005 901.9 0.691 8.60 5.80 187.7 0.325 0.280 0.300 0.295 3557 ECOFIRS 0.300 0.005 407 0.297 10.49 — 240.9
0.869 0.680 0.760 0.705 7811 SAPIND 0.760 0.060 2.1 0.734 8.15 5.26 55.3 1.450 0.890 0.955 0.920 8206 ECOWLD 0.955 0.035 1363.7 0.939 16.96 — 2,811.9
0.700 0.205 0.285 0.265 5170 SCABLE 0.275 0.010 1287.6 0.274 — — 87.2 0.830 0.350 — — 6076 ENCORP 0.430 — — — — — 126.4
2.334 1.000 1.230 1.210 7247 SCGM 1.220 -0.010 211.9 1.220 28.50 3.28 236.2 2.710 1.520 — — 8613 ENRA 1.550 — — — — 2.90 211.1
0.810 0.300 0.490 0.490 9237 SCIB 0.490 UNCH 22 0.490 — — 42.1 0.960 0.550 0.605 0.575 6815 EUPE 0.600 0.035 374.2 0.589 4.14 — 76.8
2.074 0.900 1.280 1.260 0099 SCICOM 1.280 0.020 62.3 1.266 17.20 7.03 455.0 0.885 0.303 0.680 0.650 7249 EWEIN 0.675 0.025 7173.9 0.667 5.94 0.74 203.6
9.377 6.350 8.880 8.780 4731 SCIENTX 8.830 0.020 314.2 8.814 15.88 2.27 4,541.8 1.150 0.665 0.800 0.770 5283 EWINT 0.780 -0.020 1209.6 0.790 53.06 — 1,872.0
0.350 0.140 0.150 0.150 7239 SCNWOLF 0.150 UNCH 8.1 0.150 — — 14.4 0.445 0.340 0.375 0.360 6041 FARLIM 0.375 UNCH 92 0.368 937.50 — 63.1
0.805 0.155 0.340 0.325 7073 SEACERA 0.330 -0.005 23765.6 0.328 — — 142.1 0.520 0.361 0.380 0.375 5020 GLOMAC 0.380 UNCH 151.2 0.378 10.08 3.95 304.0
0.190 0.090 0.130 0.120 5145 SEALINK 0.130 0.005 163 0.125 — — 65.0 0.394 0.240 0.295 0.295 9962 GMUTUAL 0.295 -0.025 10 0.295 7.06 1.69 110.8
0.520 0.180 — — 5163 SEB 0.260 — — — — — 20.8 0.310 0.170 0.190 0.185 1147 GOB 0.190 UNCH 438.6 0.190 — — 86.4
0.910 0.655 0.770 0.660 7165 SGB 0.700 -0.025 173.3 0.681 — — 139.0 0.255 0.085 0.170 0.165 7077 GSB 0.170 0.010 174.4 0.166 94.44 — 93.9
1.067 0.750 0.860 0.835 5181 SIGGAS 0.835 -0.030 180 0.854 38.30 0.96 156.6 1.043 0.722 0.780 0.760 1503 GUOCO 0.780 0.020 143.8 0.766 19.75 2.56 546.4
0.645 0.410 0.550 0.540 7115 SKBSHUT 0.540 0.040 2.5 0.548 47.79 — 21.6 1.370 1.150 1.250 1.240 7105 HCK 1.250 -0.010 161.2 1.250 95.42 — 526.8
1.859 0.945 1.370 1.340 7155 SKPRES 1.360 -0.010 1203.6 1.354 14.99 3.73 1,700.3 0.835 0.500 — — 7010 HOOVER 0.670 — — — — — 26.8
1.449 0.778 1.320 1.300 7248 SLP 1.320 UNCH 46 1.307 19.64 3.41 418.4 0.605 0.300 0.430 0.415 5062 HUAYANG 0.425 0.015 390.3 0.422 12.72 — 149.6
0.540 0.370 0.440 0.440 7132 SMISCOR 0.440 -0.005 10 0.440 — — 19.7 0.534 0.360 0.440 0.425 4251 IBHD 0.440 0.015 267.3 0.433 6.66 4.84 445.4
2.329 0.720 0.835 0.815 5665 SSTEEL 0.835 0.015 463.5 0.830 2.27 4.19 362.1 0.757 0.150 0.595 0.595 5084 IBRACO 0.595 -0.005 0.1 0.595 14.41 4.62 295.4
0.230 0.095 0.110 0.100 7143 STONE 0.100 -0.005 49 0.100 — — 9.0 1.860 0.550 1.270 1.220 9687 IDEAL 1.220 -0.040 45.4 1.253 2.96 — 134.8
1.140 0.400 — — 6904 SUBUR 0.530 — — — — — 110.8 3.166 2.200 2.500 2.480 5606 IGBB 2.500 UNCH 71 2.489 7.84 0.80 1,723.8
1.062 0.520 0.565 0.560 7207 SUCCESS 0.565 UNCH 326.6 0.563 25.57 1.77 140.4 1.988 1.210 1.600 1.570 5249 IOIPG 1.600 0.050 2467.9 1.593 13.50 3.13 8,809.8
1.690 1.350 1.690 1.660 5211 SUNWAY 1.680 0.010 2713 1.679 12.57 3.87 8,273.1 0.344 0.195 0.225 0.220 5175 IVORY 0.225 0.005 379.8 0.222 — 11.11 110.3
1.812 0.978 1.360 1.300 7235 SUPERLN 1.350 UNCH 375.6 1.334 17.62 1.41 216.0 1.440 0.365 0.490 0.470 1589 IWCITY 0.485 0.015 6014.9 0.480 57.74 — 406.1
2.285 1.430 1.700 1.660 7106 SUPERMX 1.670 -0.020 7577.5 1.680 18.76 2.17 2,271.7 0.500 0.250 0.295 0.295 8923 JIANKUN 0.295 -0.030 1 0.295 — — 49.2
0.395 0.180 0.295 0.280 5149 TAS 0.295 0.010 71 0.286 22.01 — 53.1 0.100 0.070 0.075 0.075 6769 JKGLAND 0.075 -0.005 326 0.075 35.71 1.33 170.6
8.971 4.050 4.700 4.600 4448 TASEK 4.620 0.020 8.2 4.620 — 8.66 571.1 0.125 0.070 0.100 0.090 3115 KBUNAI 0.095 -0.005 13587.5 0.095 13.97 — 548.8
0.380 0.065 0.095 0.090 5178 TATGIAP 0.090 -0.005 4258.7 0.093 — — 33.7 0.940 0.555 0.780 0.740 7323 KEN 0.780 0.050 122 0.741 3.01 3.21 149.5
1.020 0.415 0.470 0.455 7097 TAWIN 0.465 UNCH 90 0.463 — — 37.0 1.050 0.675 0.880 0.865 5038 KSL 0.875 0.015 723.5 0.872 3.98 — 907.8
1.020 0.805 0.900 0.870 5289 TECHBND 0.890 0.015 3366.4 0.889 — — 204.7 0.189 0.130 0.160 0.155 3174 L&G 0.160 0.005 3401.5 0.155 18.60 9.38 475.7
0.960 0.630 0.640 0.630 8702 TEXCHEM 0.630 -0.010 87.6 0.631 — 15.87 78.2 1.211 0.630 0.715 0.700 8494 LBICAP 0.715 0.010 1.2 0.701 7.29 4.20 58.7
3.836 2.070 2.390 2.340 7034 TGUAN 2.390 0.030 124.2 2.371 11.86 3.35 326.1 1.090 0.600 0.700 0.680 5789 LBS 0.700 0.015 1052.9 0.687 11.13 3.14 1,091.3
1.600 1.040 1.150 1.120 7374 TIENWAH 1.120 -0.020 8 1.126 — 5.36 162.1 0.480 0.280 0.285 0.280 3573 LIENHOE 0.285 0.005 101 0.280 14.39 — 103.1
0.660 0.410 — — 7854 TIMWELL 0.660 — — — 14.70 1.52 58.8 1.270 0.840 — — 7617 MAGNA 0.900 — — — 13.06 — 301.4
0.985 0.525 0.630 0.615 7285 TOMYPAK 0.615 -0.020 478.1 0.620 106.03 3.41 258.2 1.270 0.890 1.000 0.960 8583 MAHSING 0.990 0.025 1153.4 0.980 11.28 6.57 2,403.4
4.230 2.476 4.190 4.140 5010 TONGHER 4.170 0.040 34.6 4.153 9.69 6.24 656.5 0.941 0.390 0.530 0.510 6181 MALTON 0.525 0.010 2002.9 0.522 9.04 3.81 277.3
6.297 4.610 5.210 5.110 7113 TOPGLOV 5.170 0.030 5692.4 5.155 30.22 1.64 13,238.2 2.081 1.734 1.990 1.960 5236 MATRIX 1.970 UNCH 595.2 1.975 6.72 6.85 1,483.0
1.115 0.503 0.655 0.635 7173 TOYOINK 0.650 0.015 80.6 0.647 20.50 1.54 69.6 2.152 1.480 — — 7189 MBWORLD 1.700 — — — 4.04 4.06 267.5
0.780 0.620 0.730 0.700 5167 TURBO 0.725 0.010 82.1 0.720 16.67 1.38 78.3 0.965 0.600 0.620 0.620 5182 MCT 0.620 -0.030 1 0.620 8.65 — 903.3
3.070 1.953 2.820 2.750 7100 UCHITEC 2.820 0.060 559.6 2.790 18.66 5.32 1,271.2 0.510 0.265 0.300 0.290 5040 MEDAINC 0.300 0.005 259.1 0.296 — — 147.8
1.963 0.480 0.590 0.575 7133 ULICORP 0.590 0.015 33 0.582 30.73 5.64 128.5 0.545 0.340 0.395 0.385 1694 MENANG 0.390 0.005 60.2 0.390 11.21 — 187.5
2.750 2.000 2.550 2.490 7137 UMS 2.490 -0.060 7.5 2.501 17.35 2.41 101.3 0.370 0.190 0.235 0.220 8141 MJPERAK 0.235 0.010 12.3 0.221 12.84 — 60.4
1.087 0.810 — — 7227 UMSNGB 1.050 — — — 10.78 2.86 84.0 1.623 1.110 1.240 1.200 6114 MKH 1.240 0.030 645.6 1.227 10.39 2.82 727.3
1.078 0.871 1.040 1.020 7091 UNIMECH 1.040 0.010 91.7 1.031 8.52 2.16 165.1 0.280 0.160 0.210 0.200 8893 MKLAND 0.210 UNCH 291.1 0.206 11.17 — 253.5
0.750 0.355 0.405 0.405 4995 VERSATL 0.405 0.005 63 0.405 — — 52.3 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
2.333 0.616 1.010 0.935 6963 VS 1.000 0.070 73146.4 0.977 11.48 3.90 1,815.9 1.175 0.534 0.825 0.795 1651 MRCB 0.820 0.035 37140.9 0.809 14.83 2.13 3,607.9
1.710 0.595 0.885 0.860 5142 WASEONG 0.885 0.035 380.8 0.876 4.86 — 685.8 0.640 0.390 — — 9539 MUH 0.450 — — — — — 25.4
0.850 0.240 0.845 0.810 7226 WATTA 0.845 0.005 140.9 0.833 17.11 — 71.4 0.320 0.185 0.195 0.185 3913 MUIPROP 0.195 UNCH 8484.8 0.190 18.06 — 149.0
1.544 1.122 1.270 1.260 7231 WELLCAL 1.260 UNCH 27.5 1.260 19.78 4.33 627.4 1.080 0.430 0.775 0.705 5073 NAIM 0.775 0.070 14357.3 0.755 — — 398.2
0.655 0.460 0.580 0.580 7692 WIDETEC 0.580 0.030 10 0.580 13.46 — 26.0 2.280 1.883 2.050 2.040 5827 OIB 2.050 0.030 18.1 2.050 7.45 3.41 317.5
0.962 0.559 0.590 0.590 7050 WONG 0.590 -0.020 50 0.590 7.78 — 67.6 1.028 0.835 0.980 0.955 5053 OSK 0.970 0.015 712.6 0.973 7.84 5.67 2,032.4
0.680 0.500 — — 7025 WOODLAN 0.630 — — — — — 25.2 2.260 1.692 2.200 2.180 1724 PARAMON 2.200 0.010 41.1 2.181 10.48 3.86 942.2
1.929 1.350 1.390 1.360 5009 WTHORSE 1.390 -0.010 72.5 1.377 — 5.04 333.6 0.571 0.300 0.415 0.410 6912 PASDEC 0.410 -0.005 235.1 0.415 — — 164.2
0.756 0.415 0.510 0.490 4243 WTK 0.510 0.015 706.8 0.505 2.25 1.96 245.5 0.045 0.015 0.020 0.020 4464 PHB 0.020 UNCH 1615.6 0.020 — — 36.0
0.634 0.160 0.390 0.370 7245 WZSATU 0.380 0.015 3872.9 0.380 — 3.95 176.8 1.800 1.120 1.260 1.250 7055 PLB 1.260 0.010 4 1.256 — — 141.6
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.595 1.305 1.510 1.480 5075 PLENITU 1.510 0.040 40.8 1.499 13.13 2.98 576.1
0.760 0.545 0.585 0.585 5048 YILAI 0.585 UNCH 3 0.585 — — 93.6 6.150 5.210 5.690 5.600 7765 RAPID 5.640 -0.100 2451.6 5.654 348.15 — 602.9
0.455 0.090 0.140 0.135 7020 YKGI 0.135 0.005 285 0.138 — — 47.3 1.120 0.600 0.680 0.650 4596 SAPRES 0.680 -0.015 12.7 0.673 8.95 — 94.9
0.445 0.200 0.285 0.255 7014 YLI 0.285 0.040 48.1 0.264 — — 29.3 0.630 0.400 0.505 0.500 5207 SBCCORP 0.500 UNCH 21.6 0.502 15.58 — 129.1
CONSTRUCTION 0.930 0.600 0.670 0.650 2224 SDRED 0.660 -0.005 400 0.664 3.15 3.79 281.2
0.772 0.241 0.345 0.325 5281 ADVCON 0.345 0.020 2052.2 0.339 16.27 2.90 138.7 0.470 0.285 0.360 0.330 4286 SEAL 0.360 0.030 48.2 0.342 3.15 — 87.5
0.775 0.274 0.430 0.410 7078 AZRB 0.425 0.010 7796.7 0.421 17.14 2.09 254.1 2.617 2.180 — — 6017 SHL 2.390 — — — 8.37 9.21 578.7
0.405 0.155 0.220 0.195 5190 BENALEC 0.215 0.020 5846 0.213 — 1.86 185.3 1.473 0.905 1.170 1.130 5288 SIMEPROP 1.170 0.060 1041.9 1.160 28.54 5.13 7,957.0
0.385 0.165 0.205 0.195 5932 BPURI 0.200 UNCH 14681.2 0.197 14.29 — 76.4 0.250 0.135 0.175 0.170 4375 SMI 0.175 UNCH 84 0.171 — — 36.7
0.938 0.725 0.755 0.750 8761 BREM 0.755 0.005 199 0.751 10.05 2.65 260.8 0.670 0.345 — — 5213 SNTORIA 0.450 — — — 9.00 — 255.3
1.100 0.790 0.995 0.980 8591 CRESBLD 0.985 0.005 209.1 0.985 2.74 4.06 174.3 6.220 3.950 6.220 6.210 1783 SPB 6.220 0.010 54.2 6.220 — 1.93 2,137.3
1.840 1.535 1.700 1.700 7528 DKLS 1.700 -0.010 14.3 1.700 22.46 1.76 157.6 3.247 1.930 2.570 2.520 8664 SPSETIA 2.550 0.030 1579.7 2.548 8.77 6.08 10,094.3
1.232 0.360 0.520 0.480 5253 ECONBHD 0.510 0.035 46301.4 0.504 8.43 3.14 682.1 1.340 0.580 0.670 0.635 3743 SUNSURIA 0.665 0.030 87.1 0.650 5.23 — 531.2
1.026 0.411 0.575 0.560 8877 EKOVEST 0.565 0.005 14379 0.568 10.22 1.77 1,208.7 0.751 0.320 0.400 0.385 1538 SYMLIFE 0.400 0.005 161.9 0.391 2.58 — 236.1
0.794 0.300 0.410 0.395 7047 FAJAR 0.400 0.010 2985.2 0.403 8.68 3.75 149.5 0.300 0.165 0.260 0.240 4022 TADMAX 0.250 0.005 2257.5 0.251 — — 195.9
1.050 0.475 0.620 0.605 9261 GADANG 0.615 UNCH 3312.7 0.615 4.85 4.88 407.0 0.358 0.240 0.275 0.270 5158 TAGB 0.275 UNCH 331.2 0.274 5.28 2.18 1,463.5
5.008 1.948 3.100 2.920 5398 GAMUDA 3.100 0.200 14459.6 3.044 15.78 3.87 7,651.0 0.045 0.025 0.040 0.030 2259 TALAMT 0.035 UNCH 16940.4 0.035 — — 147.7
1.852 0.595 1.130 1.090 5226 GBGAQRS 1.120 0.030 4208.3 1.119 7.47 3.79 553.9 1.023 0.673 0.790 0.780 5191 TAMBUN 0.785 0.005 228.4 0.784 5.81 8.54 340.2
4.257 0.741 1.170 1.140 3204 GKENT 1.160 0.010 7427.1 1.157 5.50 3.02 653.4 0.112 0.045 0.055 0.050 2429 TANCO 0.050 -0.005 3302.8 0.054 — — 35.1
0.560 0.280 0.360 0.345 5169 HOHUP 0.350 0.015 418 0.350 4.33 — 131.2 0.485 0.131 0.235 0.225 7889 THRIVEN 0.230 0.005 570 0.228 5.29 — 118.3
1.615 1.272 1.490 1.470 6238 HSL 1.490 0.020 90 1.488 14.40 1.61 868.2 0.120 0.045 0.080 0.075 7079 TIGER 0.080 UNCH 420.9 0.077 — — 89.2
2.895 1.373 1.990 1.890 3336 IJM 1.980 0.080 9397.1 1.957 36.46 2.53 7,198.7 0.685 0.285 0.330 0.310 5239 TITIJYA 0.325 0.010 1674.4 0.322 6.16 0.77 436.9
0.535 0.090 0.175 0.165 5268 IKHMAS 0.170 0.005 5159.2 0.170 — — 92.7 0.898 0.778 0.870 0.865 5401 TROP 0.870 UNCH 81.7 0.869 6.87 3.20 1,279.3
0.690 0.444 0.550 0.550 8834 IREKA 0.550 UNCH 5 0.550 61.11 3.64 102.7 1.144 0.620 0.875 0.815 5148 UEMS 0.875 0.055 5623.2 0.849 13.67 1.14 3,970.3
1.840 0.405 0.580 0.555 4723 JAKS 0.570 0.015 14177.7 0.570 2.16 — 333.3 2.549 1.840 2.300 2.270 5200 UOADEV 2.290 0.020 95.8 2.286 9.23 6.55 4,224.8
1.785 0.990 1.360 1.300 7161 KERJAYA 1.350 0.060 900.9 1.345 14.20 1.48 1,676.7 0.255 0.105 — — 6378 WMG 0.130 — — — — — 55.4
2.104 1.000 1.230 1.200 5171 KIMLUN 1.230 0.030 69.3 1.211 6.36 4.47 408.2 1.000 0.910 — — 7003 Y&G 0.910 — — — 17.30 — 181.4
1.220 0.750 — — 9628 LEBTECH 0.800 — — — — — 109.2 1.660 1.040 1.260 1.250 3158 YNHPROP 1.250 -0.010 1034.6 1.252 21.29 0.56 661.2
0.749 0.435 — — 5129 MELATI 0.500 — — — 25.00 2.00 60.0 1.590 0.300 0.375 0.355 7066 YONGTAI 0.370 0.015 17439.9 0.367 22.56 — 179.7
1.771 0.880 0.900 0.900 8192 MERCURY 0.900 0.020 20 0.900 24.19 4.44 36.2 0.525 0.370 0.410 0.400 2577 YTLLAND 0.410 0.015 192.2 0.406 — — 346.2
0.905 0.240 0.875 0.870 5006 MERGE 0.875 0.010 71.6 0.872 — — 58.6 TRANSPORTATION & LOGISTICS
1.740 0.665 0.750 0.690 7595 MGB 0.730 0.040 778.3 0.723 10.25 — 362.7 9.926 7.260 8.200 7.980 5014 AIRPORT 8.100 0.080 3172.4 8.100 20.07 1.60 13,439.5
0.794 0.225 0.330 0.320 9571 MITRA 0.325 0.010 2188.7 0.323 4.72 6.15 291.2 1.930 1.182 1.310 1.300 8133 BHIC 1.310 UNCH 34.6 1.304 — 2.67 325.5
0.280 0.115 0.165 0.150 5924 MTDACPI 0.155 0.005 244.6 0.156 6.35 — 35.9 5.909 4.410 4.510 4.430 5032 BIPORT 4.430 -0.070 3.3 4.482 19.56 3.16 2,037.8
0.900 0.265 0.355 0.345 5085 MUDAJYA 0.350 -0.005 546.6 0.351 — — 211.9 0.490 0.330 0.350 0.350 7187 CHGP 0.350 UNCH 19.7 0.350 17.68 — 104.0
3.200 2.452 3.010 2.950 5703 MUHIBAH 2.990 0.040 908.1 2.991 10.02 2.34 1,445.7 0.890 0.385 0.505 0.485 7117 CJCEN 0.500 0.015 1490.6 0.498 15.58 3.00 197.1
0.525 0.246 0.275 0.265 7071 OCR 0.275 0.010 2190.1 0.270 50.00 — 88.5 0.810 0.535 0.780 0.780 5136 COMPLET 0.780 0.010 36.5 0.780 8.36 — 96.9
0.845 0.730 0.825 0.825 5622 PEB 0.825 -0.015 0.5 0.825 2.84 — 57.0 0.605 0.280 0.495 0.480 5259 EATECH 0.490 0.005 4627.6 0.488 2.14 — 247.0
0.400 0.170 0.265 0.240 8311 PESONA 0.250 0.015 10858.4 0.252 13.09 4.00 173.7 0.791 0.505 0.570 0.555 7210 FREIGHT 0.560 -0.010 477.6 0.561 8.01 5.95 156.4
0.862 0.190 0.270 0.260 5070 PRTASCO 0.265 0.005 5116.1 0.263 48.18 19.13 131.3 0.630 0.255 0.320 0.310 0078 GDEX 0.315 0.010 1505.2 0.312 76.83 0.63 1,764.8
0.180 0.095 0.140 0.130 7145 PSIPTEK 0.135 UNCH 2237.4 0.135 18.75 — 47.1 0.450 0.280 — — 7676 GUNUNG 0.350 — — — 18.23 — 82.7
3.463 2.167 2.300 2.260 9598 PTARAS 2.280 0.030 8 2.286 26.00 8.77 378.2 0.784 0.611 0.700 0.670 2062 HARBOUR 0.700 0.010 22.9 0.696 7.56 1.43 280.3
0.689 0.315 0.425 0.410 6807 PUNCAK 0.415 -0.005 564.3 0.414 — 1.20 186.5 0.130 0.030 0.060 0.055 7013 HUBLINE 0.055 UNCH 3538.4 0.055 27.50 — 210.0
1.090 0.455 0.610 0.590 5205 SENDAI 0.600 0.005 5114.6 0.600 5.86 — 468.7 0.790 0.430 0.440 0.430 5614 ILB 0.430 UNCH 29.7 0.433 — — 83.9
2.381 1.300 1.790 1.680 5263 SUNCON 1.760 0.100 3772.1 1.752 16.25 4.26 2,275.5 5.781 3.557 4.570 4.450 6645 LITRAK 4.570 0.140 5.8 4.508 10.53 4.38 2,412.8
0.295 0.210 0.225 0.225 9717 SYCAL 0.225 -0.010 51.5 0.225 52.33 — 93.7 0.195 0.055 0.080 0.075 5078 M&G 0.075 UNCH 589.9 0.075 — 66.67 54.3
0.705 0.405 0.580 0.570 5054 TRC 0.575 -0.005 2572.2 0.575 14.02 4.87 276.3 0.710 0.410 0.620 0.605 5077 MAYBULK 0.615 -0.005 627.6 0.610 — — 615.0
0.580 0.295 — — 5042 TSRCAP 0.400 — — — 35.71 — 69.8 7.134 4.917 6.990 6.910 3816 MISC 6.920 UNCH 3523.1 6.943 29.66 4.34 30,889.4
0.280 0.180 — — 03017 UNIWALL 0.280 — — — 24.56 — 102.4 1.934 0.810 1.070 1.020 2194 MMCCORP 1.040 0.020 2601.9 1.043 16.80 3.85 3,166.9
1.030 0.770 1.030 0.985 7070 VIZIONE 1.030 0.030 1905.3 1.008 9.34 — 576.1 0.520 0.200 0.300 0.300 9806 NATWIDE 0.300 UNCH 100 0.300 — — 37.0
1.210 0.465 0.580 0.540 3565 WCEHB 0.550 -0.010 235.5 0.557 64.71 — 551.5 0.090 0.025 0.040 0.035 6254 PDZ 0.040 0.005 727.1 0.035 — — 27.3
1.593 0.660 0.885 0.870 9679 WCT 0.875 0.015 6399.2 0.877 7.35 3.43 1,239.4 4.957 1.550 2.210 1.950 4634 POS 2.200 0.250 5559.2 2.101 63.95 3.64 1,722.1
0.710 0.150 0.260 0.245 7028 ZECON 0.255 0.005 248.6 0.253 14.09 — 33.4 1.220 0.295 — — 8346 PRKCORP 0.420 — — — — — 42.0
0.130 0.025 0.065 0.060 2283 ZELAN 0.060 -0.005 1043.5 0.060 — — 50.7 0.190 0.090 0.130 0.120 5145 SEALINK 0.130 0.005 163 0.125 — — 65.0
HEALTH CARE 1.283 0.920 — — 7053 SEEHUP 0.920 — — — — 3.42 74.0
0.625 0.350 0.370 0.365 7191 ADVENTA 0.370 0.005 15.5 0.368 35.92 — 56.5 1.535 1.203 1.480 1.420 6521 SURIA 1.470 UNCH 131.1 1.463 8.11 1.99 508.4
8.870 4.799 8.700 8.500 7090 AHEALTH 8.610 0.110 163.4 8.609 18.48 1.51 1,012.8 0.405 0.210 0.290 0.280 5173 SYSCORP 0.290 UNCH 108.5 0.289 17.37 — 348.0
1.463 0.925 1.170 1.120 7148 CCMDBIO 1.140 0.030 2584.7 1.136 0.51 3.57 754.5 0.395 0.180 0.295 0.280 5149 TAS 0.295 0.010 71 0.286 22.01 — 53.1
7.383 4.920 5.500 5.460 5168 HARTA 5.470 -0.020 4074.4 5.472 37.78 1.57 18,231.7 1.967 0.990 1.420 1.360 5140 TASCO 1.360 -0.060 195.5 1.385 12.94 3.31 272.0
6.388 4.540 5.750 5.640 5225 IHH 5.720 0.030 4395.9 5.719 353.09 0.52 50,160.4 1.170 0.620 0.650 0.630 8397 TNLOGIS 0.630 UNCH 2847.7 0.637 16.58 — 290.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.150 0.350 — — 7218 TOCEAN 0.800 — — — — — 32.8 0.245 0.070 0.115 0.105 7164 KNM 0.115 0.010 31956.2 0.110 — — 272.5
4.000 2.995 3.960 3.900 5246 WPRTS 3.940 -0.060 1351.5 3.943 25.19 2.98 13,435.4 0.865 0.495 0.750 0.720 5186 MHB 0.750 0.020 1206.2 0.739 — 4.00 1,200.0
1.170 0.620 0.825 0.795 5267 XINHWA 0.825 0.025 89.5 0.809 23.91 1.21 178.2 0.795 0.315 0.440 0.415 5133 PENERGY 0.415 -0.025 6.9 0.435 — 4.82 133.5
PLANTATION 0.360 0.175 0.285 0.270 7108 PERDANA 0.280 0.010 5169.1 0.275 — — 218.0
0.210 0.140 0.145 0.145 7054 AASIA 0.145 -0.010 27.5 0.145 — — 95.7 0.065 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
18.988 16.200 17.600 17.380 1899 BKAWAN 17.380 0.060 28.3 17.488 16.41 3.16 7,576.8 11.844 6.010 7.350 7.190 3042 PETRONM 7.310 0.150 242 7.263 5.65 3.42 1,973.7
8.269 6.700 — — 5069 BLDPLNT 6.900 — — — 126.84 0.43 645.2 0.520 0.210 0.340 0.325 5256 REACH 0.340 0.005 11412.7 0.334 — — 372.8
1.295 0.655 0.980 0.950 5254 BPLANT 0.955 0.005 488.7 0.968 — 10.32 2,139.2 0.910 0.255 0.335 0.305 5218 SAPNRG 0.325 0.015 561325.7 0.322 — — 5,193.2
0.808 0.530 0.645 0.600 8982 CEPAT 0.630 0.025 559.6 0.625 14.69 3.17 200.6 0.210 0.040 0.050 0.045 7158 SCOMI 0.050 0.010 5646 0.046 — — 54.7
7.833 6.343 7.000 7.000 1929 CHINTEK 7.000 0.150 14.9 7.000 9.38 2.57 639.5 0.130 0.030 0.055 0.045 7045 SCOMIES 0.055 0.005 1289 0.050 — — 128.8
0.595 0.435 0.510 0.500 3948 DUTALND 0.505 0.005 539.5 0.503 — — 427.3 4.256 2.815 4.000 3.920 5279 SERBADK 3.950 -0.040 905.9 3.968 15.76 1.85 5,800.6
3.459 1.973 2.820 2.820 5029 FAREAST 2.820 0.020 1.5 2.820 1.44 1.62 1,674.6 0.090 0.005 0.010 0.005 1201 SUMATEC 0.005 -0.005 12450.5 0.006 — — 21.3
2.070 0.630 1.300 1.210 5222 FGV 1.280 0.070 33126.3 1.262 — 4.10 4,669.6 0.645 0.300 0.445 0.435 7228 T7GLOBAL 0.445 UNCH 478.4 0.438 41.59 — 186.7
10.780 9.002 10.780 10.500 2291 GENP 10.500 -0.100 2099.6 10.697 31.44 1.36 8,476.6 0.105 0.025 0.045 0.040 7206 THHEAVY 0.045 0.005 695.1 0.041 — — 50.5
0.570 0.335 0.380 0.380 7382 GLBHD 0.380 -0.045 1 0.380 — 2.63 84.7 1.570 0.550 0.920 0.875 7250 UZMA 0.915 0.040 4930.1 0.900 19.22 — 292.8
1.100 0.550 0.690 0.690 2135 GOPENG 0.690 -0.050 2 0.690 33.50 3.87 185.6 0.345 0.165 0.260 0.230 5243 VELESTO 0.260 0.025 29763.5 0.244 — — 2,136.1
0.650 0.340 0.495 0.490 7501 HARNLEN 0.495 0.025 25 0.494 — — 91.8 1.710 0.595 0.885 0.860 5142 WASEONG 0.885 0.035 380.8 0.876 4.86 — 685.8
2.545 1.610 1.920 1.890 5138 HSPLANT 1.920 -0.040 5 1.908 22.25 3.91 1,536.0 4.905 3.597 4.340 4.200 7293 YINSON 4.210 0.020 1837 4.230 19.56 1.43 4,602.6
2.610 1.300 1.800 1.770 2216 IJMPLNT 1.800 UNCH 177.9 1.790 — 2.78 1,585.0
0.754 0.610 0.630 0.615 2607 INCKEN 0.615 -0.015 435 0.619 — 1.77 258.8
1.120 0.605 0.770 0.770 6262 INNO 0.770 0.010 35.5 0.770 18.03 6.49 368.7
4.757 4.100 4.740 4.660 1961 IOICORP 4.730 0.050 5507.6 4.706 28.81 1.90 29,726.0
1.098 0.430 0.655 0.635 4383 JTIASA 0.655 0.020 977.4 0.650 — 0.76 637.8
25.809 23.106 25.420 24.980 2445 KLK 25.300 0.300 1891.1 25.319 39.39 1.78 27,007.9
4.432 3.496 3.620
1.453 1.130 1.310
0.880 0.365 0.405
3.600
1.300
0.405
2453
5027
1996
KLUANG
KMLOONG
KRETAM
3.600
1.300
0.405
0.020
-0.010
UNCH
0.9
30.5
70.2
3.616 88.24
1.306 17.86
0.405 —
0.27
4.62
2.47
227.4
1,216.0
942.7
Ace Market
1.550 0.800 — — 6572 KWANTAS 0.900 — — — — — 280.5 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.022 0.760 — — 4936 MALPAC 0.860 — — — — 11.63 64.5 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.823 0.560 0.645 0.630 5026 MHC 0.630 -0.010 67.8 0.634 11.73 3.17 123.8
2.000 1.780 — — 5047 NPC 2.000 — — — — 0.50 240.0 CONSUMER PRODUCTS & SERVICES
3.859 3.110 — — 2038 NSOP 3.250 — — — 9.90 1.85 228.2 0.725 0.325 0.510 0.490 0098 BAHVEST 0.500 0.005 9211 0.501 32.05 — 610.9
0.690 0.140 0.350 0.325 1902 PINEPAC 0.350 0.010 78.2 0.341 — — 52.4 0.275 0.190 0.215 0.210 0179 BIOHLDG 0.210 -0.005 374.8 0.210 13.21 0.52 180.6
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.350 0.210 0.240 0.230 0205 DPIH 0.235 Unch 1051.2 0.234 7.53 — 114.4
0.365 0.140 0.205 0.195 5113 RSAWIT 0.200 0.005 511.1 0.202 — — 283.7 0.310 0.120 0.145 0.140 0116 FOCUS 0.145 Unch 6139.1 0.145 — — 296.1
3.954 2.860 3.060 3.060 2542 RVIEW 3.060 0.010 5 3.060 33.37 1.96 198.4 0.259 0.160 0.200 0.200 0157 FOCUSP 0.200 Unch 10 0.200 9.26 5.00 33.0
3.461 2.740 — — 2569 SBAGAN 2.990 — — — 26.41 0.67 198.3 0.165 0.085 0.105 0.100 0074 GOCEAN 0.105 0.005 300.1 0.101 — — 30.4
0.610 0.320 — — 4316 SHCHAN 0.400 — — — — — 52.7 0.145 0.035 0.045 0.040 0170 KANGER 0.045 Unch 4164.3 0.040 8.04 — 40.2
5.596 3.950 5.320 5.210 5285 SIMEPLT 5.280 0.120 8695.6 5.284 43.64 — 36,350.6 0.205 0.125 0.170 0.160 0180 KTC 0.165 Unch 1081.5 0.164 — — 84.2
3.807 1.960 2.680 2.620 5126 SOP 2.680 0.050 10.1 2.674 14.82 2.24 1,529.9 0.210 0.105 0.120 0.110 0182 LKL 0.120 0.010 567.3 0.115 — 2.92 51.5
1.800 1.455 1.550 1.510 5135 SWKPLNT 1.510 -0.040 2.1 1.548 — 3.31 422.8 0.780 0.280 0.510 0.505 0201 NOVA 0.510 0.005 300.2 0.507 19.17 3.53 162.0
3.287 1.882 2.490 2.450 5012 TAANN 2.470 UNCH 33.4 2.470 14.95 4.05 1,098.8 0.200 0.110 — — 0153 OVERSEA 0.120 — — — — — 29.6
0.441 0.145 0.215 0.200 2054 TDM 0.215 0.015 7314.9 0.206 — 2.33 361.8 0.180 0.070 — — 0022 PARLO 0.075 — — — 0.47 — 27.3
0.991 0.455 0.605 0.580 5112 THPLANT 0.605 0.030 266.4 0.600 — 5.95 534.7 0.335 0.235 0.305 0.305 0171 PLABS 0.305 -0.005 5 0.305 16.58 1.97 65.5
1.574 0.960 1.150 1.110 9059 TSH 1.140 0.020 94.3 1.120 29.84 1.75 1,575.3 0.560 0.433 0.535 0.510 0158 SCC 0.535 -0.010 47 0.517 10.39 6.36 75.5
6.505 5.101 5.550 5.500 2593 UMCCA 5.550 0.050 43 5.532 51.53 1.44 1,163.8 0.300 0.135 — — 0140 STERPRO 0.190 — — — — — 61.0
28.062 25.000 26.500 26.100 2089 UTDPLT 26.240 0.140 319.3 26.233 14.09 1.52 5,461.4 0.295 0.130 0.175 0.165 0148 SUNZEN 0.175 0.005 236 0.173 79.55 1.71 92.0
TELECOMMUNICATIONS & MEDIA 0.393 0.190 0.360 0.345 0197 WEGMANS 0.350 0.005 4187.9 0.350 14.34 1.43 175.0
0.175 0.075 0.170 0.160 0159 AMEDIA 0.160 -0.005 793.2 0.161 — — 38.3 0.065 0.030 0.040 0.030 0095 XINGHE 0.040 Unch 2162 0.035 — — 102.9
0.700 0.610 — — 7031 AMTEL 0.655 — — — 327.50 — 35.5 INDUSTRIAL PRODUCTS & SERVICES
2.433 1.026 1.670 1.640 6399 ASTRO 1.660 0.020 4278.9 1.660 16.45 6.93 8,655.8 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
5.653 3.200 4.340 4.110 6888 AXIATA 4.310 0.200 6718.6 4.282 — 1.97 39,098.5 0.147 0.060 0.085 0.080 0105 ASIAPLY 0.085 0.005 615.6 0.080 283.33 5.88 38.0
0.375 0.120 0.195 0.175 6025 BJMEDIA 0.195 0.020 0.4 0.180 — — 45.8 0.105 0.045 0.050 0.045 0072 AT 0.045 -0.005 113.3 0.049 — — 20.9
4.784 3.844 4.730 4.680 6947 DIGI 4.720 0.030 6399.3 4.711 23.81 4.15 36,698.0 0.250 0.140 0.215 0.200 0187 BCMALL 0.205 Unch 5138.7 0.207 12.50 — 86.4
0.405 0.180 0.290 0.280 0059 ECOHLDS 0.285 -0.005 83 0.281 — — 46.4 0.300 0.185 0.200 0.195 0163 CAREPLS 0.195 -0.005 43 0.195 — — 103.6
0.510 0.280 0.395 0.380 0082 GPACKET 0.380 -0.015 11191.5 0.385 — — 345.4 0.195 0.105 0.120 0.110 0102 CONNECT 0.120 0.010 39.8 0.111 — — 39.5
5.929 5.102 5.670 5.510 6012 MAXIS 5.640 0.140 2313.9 5.608 24.74 3.55 44,085.9 0.346 0.170 — — 0190 ESAFE 0.260 — — — 50.98 6.92 62.6
0.635 0.250 0.415 0.405 4502 MEDIA 0.410 UNCH 608 0.408 — — 454.8 0.237 0.105 0.150 0.145 0100 ESCERAM 0.150 0.010 365 0.148 — 4.00 30.8
0.465 0.181 0.245 0.240 5090 MEDIAC 0.245 UNCH 410.7 0.245 1.08 6.16 413.4 0.547 0.336 0.535 0.525 0039 GFM 0.530 Unch 1872.3 0.529 23.98 1.74 249.6
0.850 0.400 0.610 0.580 0172 OCK 0.600 0.025 10824.2 0.595 21.66 1.67 522.9 0.255 0.115 0.130 0.130 0175 HHGROUP 0.130 -0.005 15 0.130 — — 44.1
0.518 0.330 0.375 0.375 7190 PPG 0.375 0.015 10 0.375 76.53 1.33 37.5 0.125 0.080 0.100 0.095 0160 HHHCORP 0.100 0.005 51.7 0.095 18.87 — 33.3
0.530 0.200 0.230 0.220 5252 SASBADI 0.230 0.010 3994.5 0.226 47.92 2.91 96.4 0.280 0.130 0.140 0.140 0188 HLT 0.140 0.005 20 0.140 — — 71.7
0.860 0.530 — — 9431 SJC 0.650 — — — 55.56 — 26.3 0.095 0.035 0.060 0.055 0024 JAG 0.055 -0.005 6354.8 0.058 30.56 3.45 83.4
1.314 0.620 0.830 0.795 6084 STAR 0.795 -0.005 757.7 0.811 — 15.09 587.2 0.304 0.185 0.220 0.215 0193 KAB 0.220 0.005 573 0.216 8.03 4.55 70.4
8.510 7.060 8.320 8.110 5031 TIMECOM 8.320 0.210 6333.4 8.171 18.20 0.64 4,856.4 0.180 0.105 0.105 0.105 0167 MCLEAN 0.105 -0.005 100 0.105 — — 18.8
6.059 2.110 2.970 2.900 4863 TM 2.970 0.080 4371.5 2.951 31.03 7.24 11,161.1 0.260 0.135 0.170 0.165 0081 MEGASUN 0.170 Unch 130.3 0.170 19.32 — 37.9
0.510 0.085 0.205 0.195 5754 UTUSAN 0.200 0.005 209.5 0.199 — — 22.1 0.165 0.050 0.065 0.060 0177 PASUKGB 0.065 0.005 150 0.061 — — 52.8
TECHNOLOGY 0.300 0.120 — — 0038 PTB 0.140 — — — — — 26.1
0.700 0.610 — — 7031 AMTEL 0.655 — — — 327.50 — 35.5 0.380 0.165 0.255 0.250 0196 QES 0.250 Unch 2201.9 0.251 12.82 — 189.6
0.265 0.120 0.165 0.160 5195 CENSOF 0.160 UNCH 649.1 0.162 — — 80.3 0.180 0.055 0.065 0.060 0133 SANICHI 0.060 Unch 4819.8 0.060 — — 66.5
0.600 0.130 0.225 0.215 0051 CUSCAPI 0.220 0.005 4310.5 0.220 — — 189.0 0.225 0.090 0.145 0.140 0161 SCH 0.140 Unch 30.5 0.143 — — 77.8
0.993 0.542 0.805 0.755 7204 D&O 0.785 0.030 11380.9 0.787 26.34 1.06 866.0 0.920 0.280 0.895 0.860 0001 SCOMNET 0.895 0.025 1484.7 0.877 45.43 — 575.5
0.295 0.175 0.220 0.215 8338 DATAPRP 0.215 UNCH 487.7 0.216 — — 90.6 0.188 0.115 0.150 0.150 0028 SCOPE 0.150 Unch 572.4 0.150 — 3.33 84.1
0.120 0.040 0.050 0.045 0029 DIGISTA 0.045 UNCH 126.4 0.047 — — 29.6 0.180 0.080 0.105 0.095 0055 SERSOL 0.105 0.005 132.3 0.098 — — 22.6
0.485 0.195 0.330 0.315 4456 DNEX 0.325 UNCH 26826.4 0.323 11.44 1.54 571.4 0.559 0.254 0.385 0.370 0084 TECFAST 0.370 -0.005 1248.8 0.379 21.39 2.70 84.4
1.079 0.285 0.490 0.475 5216 DSONIC 0.480 0.005 5654.7 0.482 13.48 7.29 648.0 0.768 0.510 0.550 0.550 0089 TEXCYCL 0.550 -0.005 56.5 0.550 13.78 1.82 140.9
0.840 0.335 0.610 0.590 5036 EDARAN 0.600 0.010 2085 0.598 4.87 — 36.0 0.405 0.220 0.325 0.315 0162 WIDAD 0.325 -0.005 4010.4 0.322 — — 797.8
1.363 0.324 0.530 0.515 0065 EFORCE 0.525 0.005 2000.7 0.523 31.82 2.86 217.6 0.195 0.125 0.145 0.145 0025 YBS 0.145 Unch 113 0.145 18.13 — 35.1
1.476 0.895 1.170 1.140 0090 ELSOFT 1.160 0.010 1146 1.160 18.18 2.87 772.4 TECHNOLOGY
0.985 0.341 0.975 0.955 0128 FRONTKN 0.970 0.015 8224 0.964 19.48 0.72 1,021.8 0.455 0.190 0.250 0.240 0181 AEMULUS 0.245 -0.005 2260.9 0.245 25.52 0.82 134.5
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.360 0.090 0.110 0.110 0119 APPASIA 0.110 Unch 10 0.110 91.67 — 38.0
1.860 1.030 1.700 1.670 0021 GHLSYS 1.700 0.030 304.4 1.694 53.13 — 1,254.6 0.535 0.145 0.230 0.225 0068 ASDION 0.225 -0.005 3415.9 0.225 — — 26.2
0.510 0.280 0.395 0.380 0082 GPACKET 0.380 -0.015 11191.5 0.385 — — 345.4 0.519 0.351 0.405 0.400 0195 BINACOM 0.405 0.005 485.7 0.404 10.00 2.47 105.3
0.238 0.180 0.215 0.210 0056 GRANFLO 0.215 0.005 79.7 0.210 11.08 2.79 103.9 0.484 0.200 0.240 0.230 0191 CABNET 0.230 -0.005 282.5 0.237 10.27 4.13 41.1
2.859 1.390 2.060 2.030 7022 GTRONIC 2.040 -0.010 1912.2 2.044 18.58 0.98 1,364.8 0.185 0.098 0.135 0.125 0152 DGB 0.135 0.005 3513 0.130 — — 102.1
1.160 0.340 0.840 0.815 5028 HTPADU 0.825 UNCH 1343.2 0.830 — — 83.5 0.250 0.080 0.090 0.085 0131 DGSB 0.085 Unch 1313.8 0.090 — — 63.4
2.506 1.220 1.690 1.650 0166 INARI 1.670 0.010 8305.2 1.675 19.44 3.87 5,289.1 0.040 0.010 0.020 0.015 0154 EAH 0.015 -0.005 1133 0.018 — — 76.1
0.420 0.250 0.290 0.280 0192 INTA 0.290 0.010 463.7 0.287 1.82 — 155.2 0.180 0.015 0.035 0.030 0107 EDUSPEC 0.035 Unch 5507.3 0.034 — — 38.6
0.200 0.070 0.100 0.095 9393 ITRONIC 0.100 UNCH 47 0.100 — — 10.3 2.040 1.130 1.970 1.930 0104 GENETEC 1.950 Unch 119.1 1.950 9.58 1.28 81.8
0.420 0.155 0.220 0.210 5161 JCY 0.215 UNCH 1863 0.212 — 2.33 446.5 0.100 0.045 0.050 0.050 0045 GNB 0.050 Unch 280 0.050 — — 14.4
20.573 7.360 9.270 9.100 9334 KESM 9.270 0.190 7.3 9.209 13.04 2.00 398.7 0.120 0.020 0.025 0.020 0174 IDMENSN 0.025 Unch 375.2 0.025 — — 6.8
0.245 0.095 0.115 0.105 0143 KEYASIC 0.110 UNCH 6474.7 0.110 22.00 — 104.6 0.388 0.185 0.230 0.220 0023 IFCAMSC 0.225 0.005 2025.3 0.225 20.27 2.22 136.9
3.341 1.358 2.790 2.680 5286 MI 2.780 0.100 3323.5 2.750 21.22 — 1,390.0 0.120 0.055 0.120 0.100 0094 INIX 0.110 0.005 34513 0.107 — — 28.5
1.361 0.660 0.915 0.880 0113 MMSV 0.915 0.040 924.2 0.902 16.52 1.75 186.4 0.205 0.115 0.140 0.135 0010 IRIS 0.135 Unch 13280.8 0.136 — — 400.4
13.087 7.363 10.140 9.950 3867 MPI 10.140 0.190 187.2 10.026 12.97 2.86 2,128.2 1.030 0.590 0.800 0.800 0146 JFTECH 0.800 Unch 13.6 0.800 112.68 1.50 168.0
1.930 0.950 — — 5011 MSNIAGA 1.790 — — — 8.76 2.79 108.1 1.612 0.696 1.180 1.120 0127 JHM 1.170 0.060 2938.7 1.155 19.73 1.44 652.4
3.030 0.655 1.060 1.010 0138 MYEG 1.050 0.030 28187 1.040 50.00 1.62 3,786.6 0.292 0.108 0.260 0.245 0111 K1 0.255 0.010 8568.5 0.252 255.00 — 185.9
0.778 0.507 0.640 0.625 0083 NOTION 0.635 UNCH 1896.5 0.632 4.41 1.57 211.6 0.120 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 214.8 0.045 — — 23.4
0.520 0.335 0.390 0.380 9008 OMESTI 0.390 -0.005 67.9 0.387 — — 186.3 0.835 0.430 0.655 0.640 0176 KRONO 0.650 0.010 4643.4 0.647 14.35 — 259.2
0.315 0.190 0.240 0.240 0041 PANPAGE 0.240 UNCH 61.5 0.240 — — 63.7 0.270 0.115 0.135 0.130 0018 LAMBO 0.135 0.005 2631.6 0.135 14.06 — 283.8
3.870 1.700 3.390 3.270 7160 PENTA 3.350 0.090 2503 3.355 21.80 — 1,060.6 0.580 0.310 0.375 0.350 0075 LYC 0.350 -0.020 466.4 0.356 — — 113.7
1.760 0.255 0.455 0.440 5204 PRESBHD 0.445 UNCH 17717.7 0.448 44.06 3.82 215.4 0.145 0.045 0.050 0.050 0017 M3TECH 0.050 Unch 567 0.050 — — 29.3
0.470 0.240 0.405 0.375 9075 THETA 0.375 -0.005 426.2 0.385 — — 40.2 0.340 0.205 — — 0155 MGRC 0.255 — — — — — 26.4
0.045 0.010 0.020 0.015 0118 TRIVE 0.020 UNCH 589 0.018 — — 46.9 0.680 0.335 0.495 0.460 0126 MICROLN 0.465 -0.025 38.6 0.464 — — 77.8
0.200 0.105 0.155 0.155 4359 TURIYA 0.155 -0.005 10 0.155 — — 35.5 0.392 0.190 0.240 0.235 0112 MIKROMB 0.235 0.005 216.8 0.236 22.38 4.26 101.3
3.300 1.574 3.080 3.060 5005 UNISEM 3.080 0.030 18 3.073 21.58 2.76 2,260.2 0.075 0.035 0.045 0.045 0085 MLAB 0.045 0.005 2240 0.045 — — 30.2
8.492 5.046 7.010 6.900 0097 VITROX 6.980 UNCH 492.1 6.983 33.93 0.68 3,284.7 0.310 0.160 0.235 0.235 0034 MMAG 0.235 -0.005 35 0.235 — — 160.4
1.253 0.907 1.010 0.990 5162 VSTECS 1.000 UNCH 107.5 1.001 6.44 5.00 180.0 0.090 0.040 — — 0103 MNC 0.045 — — — — — 21.5
0.648 0.415 0.495 0.465 0008 WILLOW 0.480 0.010 169.6 0.476 19.12 2.08 238.1 0.225 0.100 0.120 0.115 0156 MPAY 0.115 Unch 126.9 0.119 — — 81.7
UTILITIES 0.070 0.025 0.030 0.025 0070 MQTECH 0.030 Unch 515 0.030 — — 14.9
0.444 0.090 0.125 0.115 7471 EDEN 0.125 0.010 6388.9 0.120 — — 48.9 0.175 0.060 0.065 0.060 0092 MTOUCHE 0.065 0.005 2399.9 0.063 — — 33.1
2.960 2.629 2.880 2.820 5209 GASMSIA 2.840 UNCH 35.7 2.844 20.21 3.17 3,646.6 1.274 0.623 0.950 0.935 0108 N2N 0.945 Unch 563 0.941 29.81 4.23 565.0
2.060 1.051 1.460 1.420 5843 KPS 1.440 0.020 1092.2 1.439 — 2.95 773.8 0.045 0.010 0.020 0.020 0020 NETX 0.020 Unch 203 0.020 — — 56.0
1.012 0.745 0.935 0.890 5264 MALAKOF 0.900 0.005 8620.6 0.908 1.84 6.44 4,500.0 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 1035 0.019 — — 31.1
3.990 2.990 3.910 3.830 3069 MFCB 3.890 -0.010 117.6 3.890 12.28 1.03 1,623.9 0.205 0.080 0.140 0.120 0026 NOVAMSC 0.140 0.015 20651.3 0.130 60.87 — 105.2
1.275 1.020 1.270 1.240 5041 PBA 1.250 UNCH 195 1.256 11.79 3.20 414.1 1.152 0.320 0.735 0.700 0035 OPCOM 0.730 0.030 3281.6 0.724 13.49 4.45 117.7
20.000 16.580 18.480 18.120 6033 PETGAS 18.200 0.100 1132.6 18.211 19.89 3.96 36,012.9 0.375 0.256 0.340 0.335 0040 OPENSYS 0.340 Unch 705.8 0.336 10.40 3.68 101.3
1.520 0.608 1.520 1.390 5272 RANHILL 1.450 0.060 7264.2 1.465 19.21 5.52 1,288.1 0.185 0.040 0.175 0.165 0079 ORION 0.170 Unch 8530.6 0.170 — — 101.8
0.356 0.220 0.250 0.240 8567 SALCON 0.245 0.005 1869.4 0.242 — 3.27 207.5 0.730 0.240 — — 0006 PINEAPP 0.300 — — — 272.73 — 14.6
0.920 0.417 0.905 0.895 8524 TALIWRK 0.905 0.005 738.3 0.901 42.09 5.30 1,824.3 0.150 0.045 0.070 0.065 0123 PRIVA 0.065 -0.005 405.2 0.065 — — 36.3
15.787 12.520 13.500 13.200 5347 TENAGA 13.380 0.060 8973.1 13.354 12.86 4.96 76,090.6 1.504 0.474 1.270 1.220 0200 REVENUE 1.250 0.020 1903.2 1.251 36.44 — 278.6
1.446 0.882 1.150 1.090 4677 YTL 1.150 0.070 5455.2 1.126 35.17 3.48 12,547.1 0.729 0.525 0.630 0.625 0106 REXIT 0.625 0.025 77 0.630 14.33 4.80 118.3
1.208 0.694 0.945 0.910 6742 YTLPOWR 0.925 0.020 7509.6 0.931 11.97 5.41 7,546.3 0.650 0.230 0.255 0.245 0202 RGTECH 0.250 0.005 715.9 0.249 22.12 — 131.3
CLOSED-END FUNDS 0.345 0.090 0.145 0.125 0178 SEDANIA 0.140 0.015 519.1 0.131 — 7.14 31.6
2.850 2.340 2.430 2.400 5108 ICAP 2.410 UNCH 24.8 2.411 33.85 — 337.4 0.560 0.370 0.545 0.505 0203 SMETRIC 0.530 0.025 17167.3 0.528 21.46 — 129.1
EXCHANGE TRADED FUNDS
1.190 1.100 1.160 1.160 0800EA ABFMY1 1.160 0.060 1.1 1.160 — 4.01 1,467.9 0.225 0.095 0.120 0.115 0117 SMRT 0.120 Unch 34 0.120 0.47 — 48.8
5.510 5.260 — — 0829EA CHINAETF-MYR 5.510 — — — — — 8.2 0.225 0.055 0.075 0.070 0169 SMTRACK 0.075 0.005 1177.6 0.072 — — 11.0
— — — — 0829EB CHINAETF-USD 1.275 — — — — — 0.0 0.230 0.080 0.110 0.105 0093 SOLUTN 0.110 Unch 120 0.105 — — 33.7
2.100 1.735 1.850 1.850 0822EA CIMBA40 1.850 -0.035 5 1.850 — 3.68 5.0 0.340 0.150 0.310 0.280 0129 SRIDGE 0.290 -0.005 4017.5 0.298 19.73 — 39.6
1.720 1.450 1.590 1.560 0823EA CIMBC50 1.590 0.010 15.5 1.564 — — 11.4 0.345 0.180 0.230 0.215 0050 SYSTECH 0.220 -0.005 79.7 0.224 40.00 — 76.5
1.960 1.750 1.780 1.780 0820EA FBMKLCI-EA 1.780 UNCH 2.5 1.780 — 1.85 3.0 0.145 0.085 0.090 0.085 0132 TDEX 0.085 -0.005 1000 0.087 — — 50.2
1.785 1.600 1.785 1.785 0828EA GOLDETF 1.785 0.015 0.2 1.785 — — 45.7 0.210 0.085 — — 0145 TFP 0.110 — — — — — 22.6
1.075 0.940 1.040 1.040 0826EA METFAPA 1.040 -0.010 3 1.040 — — 18.7 0.455 0.200 0.280 0.265 0005 UCREST 0.275 0.010 13961.4 0.273 6.02 — 127.6
0.880 0.795 0.845 0.834 0825EA METFSID 0.845 0.011 10 0.835 — 1.79 74.4 0.220 0.130 0.155 0.150 0060 VC 0.150 Unch 147.3 0.155 68.18 — 45.7
1.100 0.900 — — 0827EA METFUS50 1.020 — — — — — 13.3 0.795 0.290 0.550 0.530 0120 VIS 0.540 Unch 2196.1 0.540 11.13 0.61 91.3
1.250 1.060 1.120 1.110 0821EA MYETFDJ 1.120 0.020 35 1.115 — 2.13 309.0 0.092 0.015 0.025 0.020 0069 VIVOCOM 0.020 Unch 1788.5 0.021 — — 113.3
1.210 1.085 — — 0824EA MYETFID 1.175 — — — — 2.39 50.3 0.190 0.085 0.190 0.180 0066 VSOLAR 0.190 0.005 12752.3 0.186 — — 73.4
REAL ESTATE INVESTMENT TRUSTS 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
0.799 0.649 — — 4952 AHP 0.755 — — — 13.46 7.46 166.1 0.180 0.100 0.115 0.115 0086 YGL 0.115 Unch 25 0.115 — — 26.7
1.400 1.008 1.340 1.330 5116 ALAQAR 1.330 -0.010 859.1 1.333 11.36 5.42 978.9 TELECOMMUNICATIONS & MEDIA
0.884 0.743 0.805 0.800 5269 ALSREIT 0.800 UNCH 7.3 0.801 12.31 6.69 464.0 0.519 0.351 0.405 0.400 0195 BINACOM 0.405 0.005 485.7 0.404 10.00 2.47 105.3
0.606 0.510 0.525 0.520 5120 AMFIRST 0.525 -0.005 183.7 0.525 40.08 7.52 360.4 0.880 0.530 0.600 0.600 0147 INNITY 0.600 0.010 7.3 0.600 36.81 — 83.3
0.863 0.778 0.845 0.840 5127 ARREIT 0.845 0.005 54.2 0.844 5.96 7.22 484.4 0.145 0.045 0.050 0.050 0017 M3TECH 0.050 Unch 567 0.050 — — 29.3
1.150 0.978 1.120 1.120 5130 ATRIUM 1.120 -0.010 31.7 1.120 11.74 7.23 136.4 0.090 0.040 — — 0103 MNC 0.045 — — — — — 21.5
1.780 1.115 1.740 1.710 5106 AXREIT 1.720 0.010 1129.8 1.721 13.68 5.08 2,128.1 0.175 0.060 0.065 0.060 0092 MTOUCHE 0.065 0.005 2399.9 0.063 — — 33.1
1.193 0.907 1.110 1.080 5180 CMMT 1.090 -0.010 918.8 1.097 16.39 7.25 2,228.2 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 1035 0.019 — — 31.1
1.218 1.090 1.130 1.120 5121 HEKTAR 1.130 UNCH 493.1 1.120 12.34 8.85 522.0 1.152 0.320 0.735 0.700 0035 OPCOM 0.730 0.030 3281.6 0.724 13.49 4.45 117.7
1.790 1.358 1.790 1.770 5227 IGBREIT 1.770 -0.020 3047.5 1.780 18.69 5.19 6,265.5 0.150 0.045 0.070 0.065 0123 PRIVA 0.065 -0.005 405.2 0.065 — — 36.3
0.842 0.624 0.810 0.805 5280 KIPREIT 0.805 UNCH 189.4 0.807 11.18 8.14 406.8 0.290 0.090 0.105 0.100 0007 PUC 0.105 0.005 3682.9 0.100 — — 213.7
7.960 6.447 7.960 7.770 5235SS KLCC 7.960 0.200 3030.5 7.795 19.83 4.27 14,370.5 0.335 0.150 0.225 0.210 0032 REDTONE 0.220 0.010 1018.8 0.218 19.30 — 166.8
1.119 0.919 1.080 1.070 5123 MQREIT 1.070 -0.020 73.8 1.070 15.67 7.39 1,146.8 0.435 0.160 0.225 0.215 0173 REV 0.220 0.005 195.9 0.220 — — 29.6
1.740 1.243 1.740 1.690 5212 PAVREIT 1.730 0.040 1381.5 1.716 18.19 5.08 5,257.5 0.345 0.090 0.145 0.125 0178 SEDANIA 0.140 0.015 519.1 0.131 — 7.14 31.6
1.800 1.403 1.790 1.780 5176 SUNREIT 1.790 0.010 4061.8 1.782 12.66 5.17 5,271.7 0.340 0.150 0.310 0.280 0129 SRIDGE 0.290 -0.005 4017.5 0.298 19.73 — 39.6
1.126 0.876 0.900 0.900 5111 TWRREIT 0.900 UNCH 35 0.900 48.13 4.56 252.5 0.110 0.050 0.060 0.055 0165 XOX 0.055 -0.005 1122.5 0.059 — — 60.1
1.422 1.228 1.330 1.330 5110 UOAREIT 1.330 UNCH 30.8 1.330 9.77 6.86 562.4 FINANCIAL SERVICES
1.290 1.017 1.290 1.270 5109 YTLREIT 1.270 UNCH 859.2 1.281 9.08 6.00 2,164.6 0.145 0.045 0.060 0.055 0150 FINTEC 0.060 0.005 2229.1 0.055 — — 36.7
SPAC 0.630 0.455 0.510 0.490 0053 OSKVI 0.510 -0.010 33 0.496 — 9.80 100.8
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 HEALTH CARE
0.510 0.460 — — 5270 RSENA 0.505 — — — — — 505.0 0.300 0.185 0.200 0.195 0163 CAREPLS 0.195 -0.005 43 0.195 — — 103.6
ENERGY 0.210 0.105 0.120 0.110 0182 LKL 0.120 0.010 567.3 0.115 — 2.92 51.5
0.195 0.060 0.110 0.105 5115 ALAM 0.110 UNCH 4731.3 0.108 — — 101.7 0.340 0.205 — — 0155 MGRC 0.255 — — — — — 26.4
0.950 0.145 0.230 0.215 5210 ARMADA 0.225 0.010 79172.3 0.223 — — 1,321.0 0.780 0.280 0.510 0.505 0201 NOVA 0.510 0.005 300.2 0.507 19.17 3.53 162.0
0.290 0.040 0.130 0.120 7251 BARAKAH 0.125 UNCH 31373.2 0.123 — — 104.5 TRANSPORTATION & LOGISTICS
0.945 0.205 0.865 0.830 5257 CARIMIN 0.855 0.010 8957 0.846 — — 200.0 0.135 0.060 0.095 0.090 0048 ANCOMLB 0.095 Unch 102 0.090 — — 45.0
1.350 0.735 1.030 1.010 5071 COASTAL 1.010 -0.010 109.3 1.015 — 1.98 536.9 0.285 0.210 0.225 0.215 0080 STRAITS 0.225 0.005 166.7 0.218 24.73 — 126.1
0.085 0.005 0.015 0.010 0091 DAYA 0.010 UNCH 2327.1 0.010 — — 20.4 0.559 0.295 0.455 0.440 0199 TRIMODE 0.455 -0.010 115.9 0.447 14.58 2.20 75.5
0.920 0.500 0.865 0.810 5141 DAYANG 0.860 0.055 22152 0.839 73.50 — 829.7 CONSTRUCTION
1.340 0.886 1.180 1.130 5132 DELEUM 1.160 0.010 636.2 1.156 14.01 3.88 465.3 0.438 0.220 0.265 0.250 0198 GDB 0.265 0.010 1911.6 0.257 5.05 3.77 165.6
3.637 2.440 3.260 3.200 7277 DIALOG 3.250 0.040 19003.8 3.246 37.75 0.98 18,335.3 0.400 0.235 0.275 0.265 0206 NADIBHD 0.270 Unch 3726.9 0.269 3.33 — 203.3
0.535 0.235 0.350 0.350 7253 HANDAL 0.350 -0.005 5 0.350 — — 56.0 0.035 0.010 0.030 0.025 0109 SCBUILD 0.025 -0.005 411.6 0.025 17.86 — 22.1
15.646 4.510 5.660 5.380 4324 HENGYUAN 5.660 0.290 1379.3 5.525 7.22 0.35 1,698.0 PLANTATION
1.360 0.705 1.110 1.060 5199 HIBISCS 1.080 0.030 103683.9 1.087 5.84 — 1,715.3 0.105 0.065 0.070 0.070 0189 MATANG 0.070 Unch 197.5 0.070 46.67 2.86 126.7
0.620 0.130 0.205 0.200 2739 HUAAN 0.200 UNCH 5572.1 0.201 5.54 — 224.5 UTILITIES
0.255 0.060 0.110 0.105 5255 ICON 0.110 UNCH 2789.6 0.110 — — 129.5 0.345 0.199 0.270 0.250 0011 BTECH 0.265 0.020 382.7 0.260 16.06 6.04 66.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • 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
Main Market & Ace Market Warrants 0.285 0.175 0.270 0.245 5102CA GCB-CA 0.265 0.020 1182.4 3.560 2.800 8.43 30/08/2019
0.415 0.035 0.055 0.045 0078WB GDEX-WB 0.055 0.005 272.6 0.315 0.383 38.89 05/02/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.125 0.030 0.045 0.045 471542 GENM-C42 0.045 Unch 71.3 3.490 4.600 37.61 28/06/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.085 0.040 0.060 0.060 471543 GENM-C43 0.060 Unch 549.7 3.490 3.900 20.34 25/06/2019
0.150 0.100 0.150 0.150 471546 GENM-C46 0.150 Unch 1916 3.490 3.400 18.91 31/07/2019
0.395 0.015 0.090 0.080 70322 A50CHIN-C22 0.085 0.015 9127.7 6.927 7.283 6.98 29/03/2019 0.215 0.170 0.215 0.215 471549 GENM-C49 0.215 0.005 445 3.490 3.100 13.47 31/07/2019
0.370 0.185 0.370 0.360 70326 A50CHIN-C26 0.365 0.025 5923.2 6.927 6.138 4.42 25/06/2019 0.205 0.145 0.205 0.200 471550 GENM-C50 0.200 0.005 110.2 3.490 3.150 7.45 31/10/2019
0.215 0.075 0.215 0.205 70330 A50CHIN-C30 0.210 0.020 29917.8 6.927 7.543 13.44 28/06/2019 0.155 0.115 0.155 0.145 471551 GENM-C51 0.155 0.010 409.9 3.490 3.350 13.75 31/07/2019
0.515 0.190 0.515 0.510 70332 A50CHIN-C32 0.510 0.020 2500 6.927 6.503 4.92 28/06/2019 2.860 1.490 2.860 2.720 2291WA GENP-WA 2.860 0.130 112.6 10.500 7.750 1.05 17/06/2019
0.760 0.710 0.760 0.740 70334 A50CHIN-C34 0.745 0.030 12406 6.927 5.618 2.62 30/08/2019 0.060 0.010 0.030 0.030 318256 GENTINGC56 0.030 0.005 90 7.500 8.800 20.13 28/06/2019
0.405 0.370 0.405 0.390 70336 A50CHIN-C36 0.390 0.015 5644.4 6.927 6.659 7.39 30/08/2019 0.175 0.010 0.160 0.130 318257 GENTINGC57 0.160 0.035 1192.8 7.500 7.700 13.33 28/06/2019
0.505 0.150 0.155 0.150 70327 A50CHIN-H27 0.155 -0.010 302 6.927 6.243 -6.52 28/06/2019 0.105 0.025 0.105 0.080 318258 GENTINGC58 0.105 0.020 2003.4 7.500 7.250 6.47 30/09/2019
0.210 0.045 0.075 0.065 5238WA AAX-WA 0.075 0.010 2650.7 0.285 0.460 87.72 08/06/2020 0.150 0.090 0.150 0.130 318259 GENTINGC59 0.150 0.025 2800 7.500 7.200 8.00 25/06/2019
0.175 0.035 0.045 0.040 6599CO AEON-CO 0.045 0.005 863.9 1.540 1.650 12.99 31/07/2019 0.185 0.085 0.185 0.185 318260 GENTINGC60 0.185 0.030 0.4 7.500 7.180 9.30 28/06/2019
0.150 0.005 0.010 0.005 509965 AIRASIAC65 0.010 0.005 2813.2 1.535 3.126 105.37 28/02/2019 0.175 0.065 0.175 0.145 318261 GENTINGC61 0.175 0.035 2588.9 7.500 6.600 4.33 13/06/2019
0.270 0.035 0.210 0.175 509967 AIRASIAC67 0.210 0.045 2338.5 3.140 2.605 0.40 30/04/2019 0.230 0.090 0.230 0.195 318262 GENTINGC62 0.230 0.040 2267.4 7.500 7.000 8.05 28/06/2019
0.175 0.020 0.045 0.035 509968 AIRASIAC68 0.045 0.015 1350 3.140 3.387 12.09 29/03/2019 0.195 0.165 0.195 0.175 318263 GENTINGC63 0.195 0.030 2421.9 7.500 6.880 12.53 30/08/2019
0.135 0.025 0.105 0.075 509969 AIRASIAC69 0.105 0.035 2119 3.140 2.953 3.61 29/03/2019 0.235 0.120 0.230 0.220 0039WC GFM-WC 0.230 Unch 2332.2 0.530 0.380 15.09 28/01/2022
0.085 0.020 0.065 0.050 509970 AIRASIAC70 0.065 0.020 447.2 3.140 3.083 5.37 04/04/2019 0.120 0.120 0.120 0.120 0021CA GHLSYS-CA 0.120 -0.030 50 1.700 1.700 21.18 30/08/2019
0.180 0.030 0.160 0.140 509971 AIRASIAC71 0.160 0.035 839.8 3.140 2.822 3.16 31/07/2019 0.170 0.050 0.080 0.080 5220WA GLOTEC-WA 0.080 Unch 7 0.485 0.720 64.95 19/12/2021
0.280 0.085 0.260 0.230 509972 AIRASIAC72 0.260 0.045 373 3.140 2.518 5.37 28/06/2019 0.130 0.050 0.100 0.090 0082WB GPACKET-WB 0.100 0.005 4183.9 0.380 0.400 31.58 24/11/2023
0.325 0.130 0.305 0.265 509973 AIRASIAC73 0.305 0.055 517.5 3.140 2.432 2.75 20/05/2019 0.040 0.015 0.020 0.020 7096WA GPA-WA 0.020 Unch 49.9 0.085 0.100 41.18 03/06/2025
0.215 0.135 0.175 0.175 509975 AIRASIAC75 0.175 0.010 47.8 3.140 2.692 5.10 13/06/2019 0.170 0.040 0.055 0.055 7676WB GUNUNG-WB 0.055 -0.005 164.9 0.350 0.400 30.00 02/10/2020
0.120 0.100 0.110 0.100 509976 AIRASIAC76 0.110 0.010 505.6 3.140 3.050 14.65 31/07/2019 0.100 0.010 0.010 0.010 516818 HARTA-C18 0.010 Unch 100 5.470 7.000 29.25 31/07/2019
0.150 0.105 0.135 0.110 509977 AIRASIAC77 0.135 0.030 1119.8 3.140 3.400 19.89 31/07/2019 0.170 0.120 0.130 0.125 516820 HARTA-C20 0.125 Unch 813 5.470 5.800 19.74 31/07/2019
0.105 0.050 0.060 0.060 5014C4 AIRPORT-C4 0.060 -0.005 1 8.100 8.350 9.75 30/09/2019 0.105 0.035 0.045 0.045 4324C6 HENGYUAN-C6 0.045 0.005 50 5.660 6.850 32.95 30/05/2019
0.205 0.135 0.145 0.145 5014C6 AIRPORT-C6 0.145 0.005 13 8.100 8.300 18.58 23/10/2019 0.170 0.155 0.170 0.160 4324C7 HENGYUAN-C7 0.170 0.015 750 5.660 5.180 15.55 30/08/2019
0.185 0.085 0.105 0.100 7609WA AJIYA-WA 0.105 0.005 55 0.565 0.920 81.42 28/08/2021 0.305 0.060 0.095 0.080 5072WB HIAPTEK-WB 0.095 0.015 1267.8 0.305 0.500 95.08 23/06/2021
0.235 0.050 0.175 0.165 101510 AMBANK-C10 0.170 0.010 145.2 4.450 4.200 3.93 31/05/2019 0.195 0.020 0.035 0.035 5199CJ HIBISCS-CJ 0.035 0.010 90.2 1.080 1.000 0.69 27/02/2019
0.185 0.110 0.135 0.135 101512 AMBANK-C12 0.135 Unch 10 4.450 4.250 7.64 30/05/2019 0.180 0.015 0.025 0.025 5199CK HIBISCS-CK 0.025 Unch 540 1.080 1.200 16.20 18/03/2019
0.115 0.095 0.100 0.095 101513 AMBANK-C13 0.095 Unch 110 4.450 5.000 19.83 31/07/2019 0.195 0.015 0.055 0.040 5199CL HIBISCS-CL 0.050 0.015 1496 1.080 0.980 2.31 01/03/2019
0.255 0.030 0.055 0.050 0119WA APPASIA-WA 0.050 Unch 342 0.110 0.130 63.64 23/12/2024 0.245 0.050 0.115 0.105 5199CM HIBISCS-CM 0.115 0.020 359.5 1.080 1.100 23.15 28/06/2019
0.045 0.010 0.015 0.015 521049 ARMADA-C49 0.015 Unch 300 0.225 0.500 135.56 17/06/2019 0.125 0.040 0.095 0.080 5199CN HIBISCS-CN 0.095 0.015 5595.2 1.080 1.100 23.84 25/06/2019
0.085 0.035 0.050 0.050 4057WB ASIAPAC-WB 0.050 Unch 86.8 0.120 0.250 150.00 25/05/2022 0.130 0.050 0.100 0.095 5199CO HIBISCS-CO 0.100 0.015 7210 1.080 1.200 34.26 27/08/2019
0.070 0.020 0.035 0.035 0105WB ASIAPLY-WB 0.035 Unch 268.3 0.085 0.100 58.82 12/12/2022 0.070 0.035 0.070 0.070 5199CP HIBISCS-CP 0.070 Unch 24.9 1.080 1.200 27.31 13/06/2019
0.130 0.050 0.115 0.115 639912 ASTRO-C12 0.115 0.005 75.8 1.660 1.500 11.14 31/05/2019 0.150 0.105 0.150 0.135 5199CQ HIBISCS-CQ 0.145 0.015 5113.1 1.080 0.900 16.90 30/08/2019
0.165 0.035 0.055 0.045 688830 AXIATA-C30 0.055 0.015 1199.6 4.310 4.700 15.43 31/05/2019 0.140 0.095 0.140 0.125 5199CR HIBISCS-CR 0.140 0.020 11044.2 1.080 1.080 25.93 02/08/2019
0.145 0.090 0.145 0.145 688832 AXIATA-C32 0.145 0.040 400 4.310 4.100 11.95 30/05/2019 0.130 0.095 0.130 0.115 5199CS HIBISCS-CS 0.130 0.020 1831.2 1.080 1.180 33.33 31/07/2019
0.210 0.135 0.210 0.185 688833 AXIATA-C33 0.210 0.030 274.5 4.310 3.600 7.89 28/06/2019 0.170 0.145 0.170 0.155 5199CT HIBISCS-CT 0.170 0.025 1500 1.080 1.000 24.07 30/08/2019
0.205 0.095 0.205 0.200 688834 AXIATA-C34 0.200 0.035 5.8 4.310 3.450 3.25 30/08/2019 0.665 0.200 0.530 0.510 5199WC HIBISCS-WC 0.515 0.005 26364.4 1.080 1.000 40.28 19/03/2021
0.180 0.115 0.175 0.165 688835 AXIATA-C35 0.175 0.020 100.4 4.310 4.200 13.69 17/06/2019 0.075 0.035 0.055 0.055 5819CN HLBANK-CN 0.055 Unch 20 21.320 21.000 3.66 31/07/2019
0.205 0.145 0.205 0.195 688836 AXIATA-C36 0.205 0.030 400 4.310 3.750 13.17 23/10/2019 0.230 0.070 0.070 0.070 5160WA HOMERIZ-WA 0.070 Unch 100 0.630 0.920 57.14 09/07/2020
0.348 0.085 0.190 0.175 7078WA AZRB-WA 0.185 0.010 769.3 0.425 0.630 91.76 13/05/2024 0.700 0.140 0.215 0.205 0185WA HSSEB-WA 0.210 0.020 106.1 1.000 1.700 91.00 15/03/2023
0.550 0.170 0.315 0.300 0098WA BAHVEST-WA 0.310 0.005 2112.7 0.500 0.430 48.00 20/08/2024 0.025 0.010 0.020 0.015 7013WC HUBLINE-WC 0.020 Unch 1077.2 0.055 0.055 36.36 17/12/2023
0.270 0.075 0.105 0.100 4162CM BAT-CM 0.105 -0.050 68 36.178 32.500 -1.46 29/03/2019 0.050 0.025 0.030 0.025 9601WD HWGB-WD 0.030 0.005 53.5 0.110 0.320 218.18 15/03/2021
0.215 0.140 0.190 0.190 5248CZ BAUTO-CZ 0.190 Unch 10 2.230 2.000 6.73 25/06/2019 1.000 0.100 0.420 0.415 9687WB IDEAL-WB 0.415 -0.005 32.5 1.220 1.000 15.98 30/03/2021
0.310 0.115 0.300 0.290 5258WA BIMB-WA 0.295 0.005 596.1 4.220 4.720 18.84 04/12/2023 0.155 0.060 0.125 0.115 522510 IHH-C10 0.125 0.005 50 5.720 5.400 7.52 28/06/2019
0.100 0.025 0.050 0.050 6998WA BINTAI-WA 0.050 -0.005 309.8 0.140 0.200 78.57 15/06/2020 0.080 0.015 0.050 0.050 5225C7 IHH-C7 0.050 0.005 35.9 5.720 6.000 8.39 31/05/2019
0.150 0.075 0.095 0.090 0179WA BIOHLDG-WA 0.090 -0.005 185 0.210 0.220 47.62 05/01/2022 0.175 0.045 0.090 0.080 333620 IJM-C20 0.085 0.025 1091 1.980 1.880 7.83 29/03/2019
0.100 0.035 0.050 0.050 3395WB BJCORP-WB 0.050 -0.005 170 0.285 1.000 268.42 22/04/2022 0.130 0.020 0.075 0.070 333621 IJM-C21 0.075 0.020 0.4 1.980 2.000 9.53 31/05/2019
0.140 0.060 0.080 0.080 3395WC BJCORP-WC 0.080 Unch 250 0.285 1.000 278.95 29/05/2026 0.145 0.105 0.145 0.135 333624 IJM-C24 0.145 0.015 11.4 1.980 1.880 16.92 02/08/2019
0.040 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 1585.4 0.040 0.070 125.00 08/11/2025 0.105 0.020 0.065 0.065 16626 INARI-C26 0.065 Unch 0.4 1.670 1.850 22.46 30/09/2019
0.045 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 0.005 104 0.040 0.070 125.00 29/05/2027 0.120 0.025 0.060 0.060 16627 INARI-C27 0.060 0.005 672 1.670 1.900 25.27 28/06/2019
0.330 0.100 0.175 0.175 6297WA BOXPAK-WA 0.175 0.005 20 1.340 2.040 65.30 13/03/2022 0.105 0.050 0.100 0.100 16629 INARI-C29 0.100 -0.005 0.4 1.670 1.900 31.74 28/06/2019
0.830 0.300 0.475 0.465 7174WA CAB-WA 0.470 -0.005 195 0.640 0.170 0.00 08/02/2020 0.160 0.095 0.155 0.150 16631 INARI-C31 0.155 0.005 1650.4 1.670 1.280 9.13 02/08/2019
0.925 0.370 0.620 0.620 7154WA CAELY-WA 0.620 0.005 50 1.020 0.380 -1.96 22/04/2021 0.180 0.105 0.165 0.165 16632 INARI-C32 0.165 Unch 250 1.670 1.500 17.49 31/07/2019
0.255 0.015 0.020 0.015 7076WA CBIP-WA 0.015 -0.005 64.6 1.080 2.400 123.61 06/11/2019 0.120 0.090 0.110 0.110 16634 INARI-C34 0.110 0.005 1185.4 1.670 1.500 16.17 31/07/2019
0.330 0.070 0.150 0.140 7035WA CCK-WA 0.140 -0.005 4986 0.630 0.900 65.08 18/06/2023 2.010 0.710 1.170 1.120 0166WB INARI-WB 1.130 0.010 255.6 1.670 0.533 -0.40 17/02/2020
0.110 0.005 0.010 0.010 5195WB CENSOF-WB 0.010 Unch 108.3 0.160 0.460 193.75 07/10/2019 0.070 0.020 0.040 0.030 0094WA INIX-WA 0.040 0.010 3073.7 0.110 0.100 27.27 16/11/2020
0.500 0.280 0.445 0.430 5738WB CHHB-WB 0.445 0.015 108.2 1.500 1.200 9.67 20/12/2023 0.310 0.040 0.130 0.120 3379WB INSAS-WB 0.125 0.005 392.3 0.870 1.000 29.31 25/02/2020
0.145 0.070 0.075 0.075 102344 CIMB-C44 0.075 0.005 1100 5.760 6.500 19.36 20/05/2019 0.110 0.035 0.095 0.095 196119 IOICORP-C19 0.095 Unch 6.7 4.730 4.550 2.22 31/05/2019
0.170 0.105 0.110 0.110 102345 CIMB-C45 0.110 0.005 80 5.760 5.700 10.42 28/06/2019 0.340 0.175 0.235 0.235 5249CV IOIPG-CV 0.235 0.010 172.1 1.600 1.350 6.41 25/06/2019
0.165 0.095 0.100 0.100 285215 CMSB-C15 0.100 Unch 20 3.010 3.000 16.28 30/05/2019 0.105 0.005 0.005 0.005 7183WA IRETEX-WA 0.005 Unch 38 0.125 0.800 544.00 10/06/2019
0.105 0.030 0.030 0.030 0102WA CONNECT-WA 0.030 -0.020 2 0.120 0.100 8.33 17/09/2021 0.030 0.005 0.010 0.010 0024WB JAG-WB 0.010 -0.005 63.1 0.055 0.150 190.91 15/11/2020
0.505 0.180 0.195 0.190 8125WB DAIBOCI-WB 0.190 -0.005 30.3 1.600 2.500 68.13 19/06/2022 0.355 0.150 0.320 0.310 4723WB JAKS-WB 0.310 0.005 559.4 0.570 0.640 66.67 13/12/2023
0.340 0.100 0.255 0.245 5276WA DANCO-WA 0.255 0.010 218.4 0.520 0.300 6.73 22/05/2022 0.120 0.050 0.120 0.105 0111WC K1-WC 0.120 0.010 6442.8 0.255 0.300 64.71 30/12/2021
0.160 0.030 0.095 0.085 3484WA DBHD-WA 0.095 0.010 2429.7 0.440 0.580 53.41 27/11/2020 0.080 0.015 0.020 0.015 0170WA KANGER-WA 0.020 Unch 25 0.045 0.100 166.67 13/04/2020
0.200 0.010 0.035 0.035 727733 DIALOG-C33 0.035 0.005 8 3.250 3.400 7.31 29/03/2019 0.040 0.015 0.025 0.020 3115WC KBUNAI-WC 0.020 -0.005 1079.6 0.095 0.131 58.95 20/10/2023
0.145 0.025 0.065 0.065 727737 DIALOG-C37 0.065 Unch 0.8 3.250 3.500 13.69 31/07/2019 0.030 0.010 0.020 0.020 7161CJ KERJAYA-CJ 0.020 0.005 250 1.350 1.550 19.26 04/04/2019
0.135 0.035 0.065 0.065 727739 DIALOG-C39 0.065 0.005 1151.2 3.250 3.500 14.69 20/05/2019 0.460 0.140 0.250 0.220 7161WB KERJAYA-WB 0.245 0.025 248 1.350 1.600 36.67 28/02/2023
0.220 0.075 0.135 0.130 727740 DIALOG-C40 0.130 0.005 324.3 3.250 3.300 12.74 28/06/2019 0.785 0.200 0.780 0.760 0151WA KGB-WA 0.775 0.010 397.9 1.300 0.500 -1.92 12/06/2019
0.125 0.070 0.120 0.115 727741 DIALOG-C41 0.120 0.005 3130 3.250 3.250 12.92 25/06/2019 0.030 0.005 0.010 0.010 0036WB KGROUP-WB 0.010 Unch 320 0.045 0.200 366.67 01/05/2020
0.145 0.100 0.140 0.140 694726 DIGI-C26 0.140 0.010 400 4.720 4.500 7.20 25/06/2019 0.640 0.210 0.300 0.300 5171WA KIMLUN-WA 0.300 Unch 10 1.230 1.680 60.98 12/03/2024
0.145 0.110 0.135 0.135 694727 DIGI-C27 0.135 Unch 0.4 4.720 4.880 13.40 17/06/2019 0.605 0.160 0.310 0.285 5027WB KMLOONG-WB 0.285 -0.025 10.5 1.300 1.400 29.62 10/04/2025
0.190 0.055 0.095 0.085 4456WD DNEX-WD 0.090 Unch 15964.2 0.325 0.500 81.54 30/07/2021 0.065 0.010 0.020 0.020 7164WB KNM-WB 0.020 Unch 312.5 0.115 1.000 786.96 21/04/2020
0.415 0.105 0.230 0.205 7114WA DNONCE-WA 0.220 -0.015 1737.8 0.500 0.250 -6.00 25/11/2020 0.095 0.010 0.030 0.030 7017WB KOMARK-WB 0.030 Unch 71.6 0.190 0.230 36.84 21/01/2020
0.055 0.015 0.045 0.035 5265WA DOLPHIN-WA 0.040 0.005 804.1 0.155 0.800 441.94 29/03/2021 0.780 0.125 0.235 0.225 9385WA LAYHONG-WA 0.235 0.005 1645.5 0.485 0.400 30.93 13/10/2021
0.280 0.060 0.070 0.070 7169WA DOMINAN-WA 0.070 -0.015 1.6 1.250 1.300 9.60 10/09/2020 0.157 0.039 0.055 0.050 7126WA LONBISC-WA 0.050 -0.010 268.5 0.580 0.800 46.55 26/01/2020
0.265 0.020 0.040 0.030 161960 DRBHCOMC60 0.035 0.005 1625.4 1.870 1.950 9.89 30/04/2019 0.085 0.030 0.035 0.035 5068WB LUSTER-WB 0.035 -0.005 500 0.085 0.100 58.82 26/05/2023
0.160 0.005 0.010 0.010 161964 DRBHCOMC64 0.010 0.005 130 1.870 2.400 29.95 31/05/2019 0.400 0.160 0.210 0.210 7617WB MAGNA-WB 0.210 0.010 17 0.900 0.900 23.33 04/09/2020
0.140 0.015 0.025 0.025 161967 DRBHCOMC67 0.025 0.005 310 1.870 2.180 20.59 15/04/2019 0.100 0.025 0.030 0.030 858318 MAHSING-C18 0.030 0.005 1.5 0.990 1.130 18.69 24/04/2019
0.185 0.070 0.105 0.090 161968 DRBHCOMC68 0.095 0.005 3286.5 1.870 1.900 18.37 28/06/2019 0.040 0.035 0.035 0.035 858319 MAHSING-C19 0.035 Unch 700 0.990 1.180 26.26 28/06/2019
0.145 0.120 0.145 0.130 161969 DRBHCOMC69 0.135 0.010 5280.1 1.870 1.750 18.85 30/08/2019 0.125 0.010 0.025 0.020 8583WC MAHSING-WC 0.025 0.005 565.6 0.990 2.100 114.65 21/02/2020
0.165 0.095 0.165 0.150 161970 DRBHCOMC70 0.155 Unch 3477.4 1.870 1.800 12.83 31/10/2019 0.065 0.010 0.035 0.025 526415 MALAKOFC15 0.025 Unch 640 0.900 1.000 13.89 28/06/2019
0.140 0.115 0.140 0.125 161971 DRBHCOMC71 0.135 0.010 5351.3 1.870 1.880 22.19 30/08/2019 0.080 0.020 0.030 0.025 526416 MALAKOFC16 0.025 Unch 213 0.900 0.950 9.72 29/03/2019
0.300 0.050 0.085 0.080 5216WA DSONIC-WA 0.085 Unch 3930 0.480 1.090 144.79 05/07/2023 0.105 0.040 0.070 0.060 526418 MALAKOFC18 0.060 Unch 4334.6 0.900 0.900 10.00 25/06/2019
0.135 0.005 0.005 0.005 3417WB E&O-WB 0.005 Unch 50 0.374 2.600 596.52 21/07/2019 0.145 0.075 0.130 0.115 526419 MALAKOFC19 0.115 Unch 1767 0.900 0.800 10.61 31/07/2019
0.020 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 396 0.015 0.035 200.00 22/04/2023 0.340 0.105 0.170 0.160 5236WA MATRIX-WA 0.165 -0.010 792.4 1.970 2.400 30.20 20/07/2020
0.120 0.030 0.040 0.030 3557WC ECOFIRS-WC 0.040 0.005 701.5 0.300 0.300 13.33 10/09/2019 0.110 0.065 0.080 0.075 6012C9 MAXIS-C9 0.080 0.015 20.4 5.640 5.880 10.64 17/06/2019
0.310 0.070 0.140 0.125 5253WA ECONBHD-WA 0.135 0.010 4396.9 0.510 1.250 171.57 02/01/2023 0.070 0.010 0.015 0.010 115546 MAYBANKC46 0.010 Unch 310 9.520 10.000 6.09 28/06/2019
0.350 0.165 0.205 0.200 8206WA ECOWLD-WA 0.205 0.005 224.9 0.955 2.080 139.27 26/03/2022 0.155 0.120 0.125 0.120 115549 MAYBANKC49 0.120 Unch 10 9.520 9.500 7.98 31/07/2019
0.150 0.030 0.055 0.050 7471WB EDEN-WB 0.050 0.005 1034.2 0.125 0.300 180.00 13/08/2021 0.135 0.105 0.110 0.110 115550 MAYBANKC50 0.110 Unch 54 9.520 9.200 4.73 25/06/2019
1.030 0.110 0.175 0.165 0065WA EFORCE-WA 0.175 0.005 803.8 0.525 0.340 -1.90 17/07/2019 0.150 0.110 0.115 0.115 115551 MAYBANKC51 0.115 0.005 450 9.520 9.500 7.64 28/06/2019
0.355 0.130 0.145 0.145 8907WC EG-WC 0.145 0.005 93.9 0.465 0.500 38.71 03/11/2020 0.580 0.250 0.355 0.305 5152WA MBL-WA 0.305 -0.005 42.3 1.080 0.800 2.31 28/11/2022
0.075 0.035 0.060 0.060 8877CT EKOVEST-CT 0.060 0.005 2900 0.565 0.500 9.73 30/04/2019 0.080 0.010 0.030 0.015 117115 MBSB-C15 0.030 Unch 2247.2 1.070 1.180 13.79 31/05/2019
0.660 0.045 0.105 0.090 8877WB EKOVEST-WB 0.100 0.010 5795.4 0.565 0.480 2.65 25/06/2019 0.140 0.080 0.095 0.095 117116 MBSB-C16 0.095 0.005 499.9 1.070 1.120 13.55 31/05/2019
0.340 0.100 0.155 0.150 5283WA EWINT-WA 0.155 -0.005 1026.8 0.780 1.450 105.77 02/04/2022 0.095 0.040 0.095 0.080 117117 MBSB-C17 0.095 0.015 3153.5 1.070 1.010 5.49 31/07/2019
0.455 0.030 0.055 0.040 7047WB FAJAR-WB 0.050 0.005 2423 0.400 0.700 87.50 24/09/2019 0.105 0.060 0.085 0.085 117119 MBSB-C19 0.085 0.010 0.4 1.070 1.000 9.35 20/05/2019
0.045 0.005 0.010 0.010 06505K FBMKLCI-C5K 0.010 Unch 100 669.4 1,800 169.94 30/04/2019 0.040 0.030 0.040 0.040 117120 MBSB-C20 0.040 0.005 435 1.070 1.200 20.37 28/06/2019
0.365 0.160 0.180 0.165 06505M FBMKLCI-C5M 0.180 0.015 40 1,726 1,770 5.67 30/04/2019 0.070 0.015 0.015 0.015 5040WB MEDAINC-WB 0.015 Unch 0.2 0.300 0.900 205.00 22/04/2022
0.100 0.055 0.090 0.080 06505N FBMKLCI-C5N 0.090 0.015 738.8 1,726 1,680 0.98 31/05/2019 0.060 0.020 0.030 0.020 5040WC MEDAINC-WC 0.030 0.010 1.1 0.300 0.800 176.67 24/08/2024
0.090 0.045 0.070 0.060 06505O FBMKLCI-C5O 0.070 0.010 1573.2 1,726 1,700 1.32 28/06/2019 0.160 0.060 0.065 0.060 0081WA MEGASUN-WA 0.065 0.005 261.8 0.170 0.100 -2.94 29/04/2019
0.370 0.240 0.280 0.280 06505P FBMKLCI-C5P 0.280 0.010 105 1,726 1,730 5.09 31/05/2019 0.200 0.010 0.010 0.010 1694WB MENANG-WB 0.010 Unch 25 0.390 0.550 43.59 09/07/2019
0.545 0.390 0.475 0.445 06505Q FBMKLCI-C5Q 0.475 0.055 999.9 1,726 1,650 3.85 31/05/2019 0.165 0.050 0.080 0.080 7234WA MESB-WA 0.080 Unch 2.2 0.275 0.300 38.18 27/12/2022
0.095 0.060 0.095 0.085 06505R FBMKLCI-C5R 0.095 0.020 374.2 1,726 1,690 1.76 31/07/2019 1.940 1.010 1.770 1.730 3069WA MFCB-WA 1.760 Unch 87.7 3.890 2.220 2.31 08/04/2020
0.365 0.300 0.365 0.355 06505T FBMKLCI-C5T 0.365 0.035 19 1,726 1,710 5.41 31/07/2019 0.225 0.125 0.220 0.215 3662WC MFLOUR-WC 0.215 Unch 3161.2 0.610 0.680 46.72 23/01/2024
0.225 0.070 0.090 0.075 06506H FBMKLCI-H6H 0.075 -0.035 435.9 1,726 1,780 6.16 28/02/2019 1.180 0.180 0.265 0.265 7595WA MGB-WA 0.265 Unch 5 0.730 0.500 4.79 27/10/2019
0.495 0.190 0.235 0.190 06506J FBMKLCI-H6J 0.235 0.025 96.6 1,726 1,760 6.05 28/02/2019 0.180 0.095 0.160 0.160 5286CA MI-CA 0.160 0.020 100 2.780 2.600 16.55 25/06/2019
0.185 0.105 0.110 0.105 06506L FBMKLCI-H6L 0.105 -0.015 293.5 1,726 1,788 9.67 31/05/2019 0.090 0.060 0.085 0.085 5286CB MI-CB 0.085 0.010 10 2.780 3.400 34.53 28/06/2019
0.280 0.140 0.155 0.140 06506M FBMKLCI-H6M 0.140 -0.030 116 1,726 1,800 9.95 30/04/2019 0.130 0.075 0.130 0.120 5286CC MI-CC 0.130 0.015 745.6 2.780 2.700 20.50 28/06/2019
0.430 0.200 0.215 0.200 06506N FBMKLCI-H6N 0.200 -0.070 57.5 1,726 1,660 -0.36 30/04/2019 0.230 0.150 0.230 0.220 5286CD MI-CD 0.230 0.040 225 2.780 2.250 18.17 26/11/2019
0.555 0.295 0.320 0.295 06506O FBMKLCI-H6O 0.295 -0.035 169.5 1,726 1,740 5.93 30/04/2019 0.106 0.035 0.075 0.075 5576WC MINHO-WC 0.075 0.005 110.8 0.295 0.320 33.90 02/08/2021
0.190 0.045 0.055 0.045 06506P FBMKLCI-H6P 0.050 -0.010 2726.1 1,726 1,680 -0.65 31/05/2019 0.160 0.135 0.160 0.155 381621 MISC-C21 0.155 0.005 200 6.920 7.000 20.20 26/11/2019
0.185 0.070 0.080 0.070 06506Q FBMKLCI-H6Q 0.070 -0.020 175 1,726 1,700 1.32 28/06/2019 0.210 0.050 0.080 0.080 9571WE MITRA-WE 0.080 Unch 155 0.325 0.940 213.85 17/04/2023
0.435 0.245 0.245 0.245 06506R FBMKLCI-H6R 0.245 -0.015 5 1,726 1,610 -2.47 31/05/2019 0.200 0.005 0.025 0.010 165132 MRCB-C32 0.020 0.015 2592.5 0.820 0.800 0.00 28/02/2019
0.555 0.315 0.325 0.315 06506S FBMKLCI-H6S 0.315 -0.030 160 1,726 1,690 3.38 31/05/2019 0.085 0.005 0.010 0.010 165134 MRCB-C34 0.010 Unch 40 0.820 1.050 31.10 29/03/2019
0.115 0.075 0.085 0.075 06506T FBMKLCI-H6T 0.075 -0.015 271.5 1,726 1,690 0.95 31/07/2019 0.063 0.005 0.005 0.005 165135 MRCB-C35 0.005 Unch 500 0.820 1.080 32.93 18/03/2019
0.315 0.250 0.260 0.250 06506V FBMKLCI-H6V 0.250 -0.065 113.5 1,726 1,640 -0.64 31/07/2019 0.115 0.035 0.070 0.065 165136 MRCB-C36 0.070 0.015 399 0.820 0.750 8.54 04/04/2019
0.150 0.135 0.135 0.135 06506W FBMKLCI-H6W 0.135 Unch 50 1,726 1,788 11.41 30/08/2019 0.140 0.045 0.095 0.090 165137 MRCB-C37 0.095 0.010 4863.7 0.820 0.700 8.54 30/04/2019
0.110 0.005 0.005 0.005 522252 FGV-C52 0.005 Unch 1 0.745 1.900 156.04 28/02/2019 0.105 0.040 0.075 0.070 165138 MRCB-C38 0.075 0.010 1.6 0.820 0.750 14.33 20/05/2019
0.100 0.003 0.020 0.010 522255 FGV-C55 0.015 0.005 2484.4 1.280 1.500 19.53 30/04/2019 0.135 0.085 0.135 0.125 165139 MRCB-C39 0.135 0.015 4863.9 0.820 0.630 9.76 02/08/2019
0.105 0.005 0.005 0.005 522256 FGV-C56 0.005 -0.025 100 1.280 2.000 57.30 29/03/2019 0.190 0.160 0.190 0.180 165140 MRCB-C40 0.190 0.020 5469.3 0.820 0.800 20.73 30/08/2019
0.080 0.005 0.015 0.010 522258 FGV-C58 0.015 0.005 1791.1 1.280 1.700 35.16 28/06/2019 0.375 0.180 0.265 0.250 1651WB MRCB-WB 0.265 0.010 3342.1 0.820 1.250 84.76 29/10/2027
0.120 0.005 0.055 0.045 522261 FGV-C61 0.050 -0.050 905 1.280 1.350 17.19 30/04/2019 0.135 0.050 0.075 0.065 13855 MYEG-C55 0.075 0.010 3180.1 1.050 1.200 35.71 28/06/2019
0.125 0.030 0.125 0.105 522262 FGV-C62 0.125 0.020 11034.3 1.280 1.200 23.05 23/10/2019 0.315 0.230 0.260 0.245 13856 MYEG-C56 0.260 0.020 82.5 1.050 0.950 27.62 31/07/2019
0.235 0.040 0.235 0.195 522263 FGV-C63 0.230 0.040 20216.7 1.280 0.950 6.56 28/06/2019 0.165 0.110 0.130 0.120 13857 MYEG-C57 0.130 0.010 4338 1.050 1.000 26.19 30/08/2019
0.290 0.120 0.290 0.260 522264 FGV-C64 0.290 0.040 4195 1.280 0.780 6.25 30/08/2019 0.090 0.065 0.080 0.075 13858 MYEG-C58 0.080 0.010 984.1 1.050 1.200 37.14 02/08/2019
0.250 0.110 0.250 0.210 522265 FGV-C65 0.245 0.040 3883 1.280 0.950 8.67 02/08/2019 0.305 0.235 0.265 0.260 0108WB N2N-WB 0.260 -0.005 212.2 0.945 0.830 15.34 08/01/2024
0.375 0.185 0.375 0.335 522266 FGV-C66 0.365 0.060 463 1.281 0.800 5.19 31/07/2019 0.085 0.060 0.070 0.065 4707CE NESTLE-CE 0.065 0.005 190.6 149.9 148.0 3.00 28/06/2019
0.535 0.220 0.535 0.480 522267 FGV-C67 0.530 0.075 1084.9 1.280 0.800 3.91 31/10/2019 0.335 0.050 0.200 0.195 7241WA NGGB-WA 0.200 0.005 1101.2 0.495 0.600 61.62 18/10/2020
0.200 0.175 0.200 0.200 522268 FGV-C68 0.200 0.015 30 1.280 1.000 9.37 30/08/2019 0.020 0.010 0.015 0.010 7139WB NICE-WB 0.010 Unch 59.1 0.040 0.060 75.00 22/01/2024
0.050 0.010 0.015 0.010 0150WA FINTEC-WA 0.015 Unch 300 0.060 0.300 425.00 19/04/2024 0.410 0.200 0.285 0.275 0083WC NOTION-WC 0.275 Unch 189.8 0.635 0.840 75.59 14/03/2023
0.090 0.015 0.040 0.035 9318WB FITTERS-WB 0.040 Unch 624 0.490 1.000 112.24 12/10/2019 0.265 0.065 0.115 0.105 0172WA OCK-WA 0.110 0.005 4077.9 0.600 0.710 36.67 15/12/2020
0.405 0.075 0.145 0.135 9261WB GADANG-WB 0.135 -0.005 1474.1 0.615 1.060 94.31 29/11/2021 0.095 0.015 0.085 0.080 0079WA ORION-WA 0.085 0.005 1344.9 0.170 0.170 50.00 26/07/2022
0.195 0.010 0.030 0.025 539851 GAMUDA-C51 0.025 Unch 20 3.100 3.380 13.87 29/03/2019 0.210 0.035 0.060 0.050 5053WC OSK-WC 0.060 0.010 1361.3 0.970 1.200 29.90 22/07/2020
0.038 0.003 0.005 0.005 539853 GAMUDA-C53 0.005 Unch 168 1.340 4.500 237.31 31/05/2019 0.365 0.100 0.215 0.190 5260WA OWG-WA 0.200 Unch 9924.2 0.700 0.800 42.86 29/09/2023
0.040 0.020 0.030 0.030 539856 GAMUDA-C56 0.030 Unch 20 3.100 3.700 24.39 30/04/2019 0.160 0.095 0.115 0.110 7052CX PADINI-CX 0.110 0.015 1199.8 3.600 3.900 23.61 30/08/2019
0.070 0.015 0.070 0.070 539857 GAMUDA-C57 0.070 0.010 46.7 3.100 3.500 19.68 31/07/2019 0.130 0.070 0.075 0.070 7052CY PADINI-CY 0.075 0.005 280 3.600 4.000 23.61 31/07/2019
0.105 0.050 0.100 0.090 539858 GAMUDA-C58 0.100 0.010 115 3.100 2.800 9.68 30/04/2019 0.210 0.045 0.130 0.100 5125WA PANTECH-WA 0.125 0.010 690.3 0.535 0.500 16.82 21/12/2020
0.220 0.070 0.220 0.210 539859 GAMUDA-C59 0.215 0.025 12.2 3.100 2.350 3.55 30/08/2019 0.215 0.060 0.135 0.125 5125WB PANTECH-WB 0.125 Unch 111.1 0.535 0.500 16.82 21/12/2021
0.140 0.065 0.140 0.130 539860 GAMUDA-C60 0.140 0.015 562.2 3.100 2.880 15.48 17/06/2019 0.100 0.030 0.045 0.045 5022WA PAOS-WA 0.045 -0.005 50 0.315 0.500 73.02 14/12/2021
0.120 0.045 0.120 0.100 539861 GAMUDA-C61 0.120 0.020 909.7 3.100 3.200 18.71 31/05/2019 0.075 0.025 0.045 0.040 7225WB PA-WB 0.040 Unch 475 0.060 0.060 66.67 17/12/2022
0.130 0.055 0.130 0.120 539862 GAMUDA-C62 0.130 0.020 800 3.100 2.500 5.81 13/06/2019 0.105 0.040 0.060 0.045 129527 PBBANK-C27 0.050 0.005 100.2 25.060 25.000 3.75 28/06/2019
0.155 0.120 0.155 0.135 539863 GAMUDA-C63 0.145 -0.005 945 3.100 3.100 18.71 31/07/2019 0.195 0.180 0.185 0.185 129531 PBBANK-C31 0.185 Unch 390 25.059 25.300 8.34 31/07/2019
1.250 0.125 0.290 0.260 5398WE GAMUDA-WE 0.285 0.025 7719.3 3.100 4.050 39.84 06/03/2021 0.060 0.005 0.015 0.010 518324 PCHEM-C24 0.015 0.005 54.1 9.150 10.000 10.93 28/06/2019
0.410 0.135 0.285 0.280 5226WB GBGAQRS-WB 0.280 Unch 2405 1.120 1.120 25.00 26/09/2023 0.125 0.040 0.070 0.070 518325 PCHEM-C25 0.070 0.015 0.4 9.150 10.300 16.39 17/06/2019
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Shares close higher on trade as investors pocketed gains driven by trade and China would have taken place in guidance on full-year core profits.
deal hopes talk optimism. Washington on Tuesday. The talks follow HeidelbergCement jumped 3.6% as it
Resistance after the rally was expected, negotiations that ended in Beijing last week forecast a rise in demand and margins this
SHANGHAI: Shares in China edged higher Wei Yi, an analyst at Kaiyuan Securities, without a deal but which officials said had year following a tough 2018 and announced
yesterday as the US and China pressed said in a note yesterday. generated progress. plans for its long-standing chief executive
ahead with their crunch talks on trade. Investors are “not psychologically After touching its highest level since officer to step down next year.
The Shanghai Composite Index (SSEC) prepared” for another round of sudden Oct 10 on Monday, the STOXX 600 Index “Energy cost pressure is easing and
rose 5.57 points or 0.2% to 2,761.22, while rise, said the analyst. pulled back, falling 0.2%, while Germany’s problem markets, Indonesia in particular,
the blue-chip CSI 300 Index gained 12.32 The largest percentage gainers in the SSEC DAX Index inched 0.1% higher and France’s are becoming less problematic,” Davy
points or 0.36% to 3,451.93. were Changshu Fengfan Power Equipment CAC Index was down 0.2%. Research analysts said.
CSI 300’s financial sector sub-index Co Ltd and Pengqi Technology Development “The positivity regarding a potential US- “Today’s (Tuesday) update should
gained 0.7%; the consumer staples sector Co Ltd, both up 10.1% followed by Shaanxi China trade deal will soon be fully priced in,” reassure investors that the group is back
lost 0.5%, while energy shares advanced Broadcast and TV Network Intermediary said Forex.com analyst Fawad Razaqzada. on track.”
0.7%. Group Co Ltd, up 10%. Banks fell 0.9%, the worst-performing Dental implant maker Straumann gained
The Smaller Shenzhen Index edged up At the close of trade, the Hang Seng Index sector. HSBC dropped 4% after the bank 5.5% after reporting its fastest sales growth
0.3%, while the start-up board ChiNext was up 285.92 points or 1% at 28,514.05, reported a disappointing annual profit as in 13 years.
Composite Index rose 0.2%. while the Hang Seng China Enterprises higher costs and a stocks rout chipped away “Overall, the key drivers remained intact
Beijing and Washington started a new Index also ended 112.51 points or 1.01% at its trading businesses. and we expect several launches in 2019 to
round of talks on Tuesday with sessions at higher to 11,229.43. Bank of America Merrill Lynch support the continued momentum,” said
a higher level later in the week. US tariffs Gains were seen across the board. The downgraded its rating for the stock to Jefferies analysts.
on US$200 billion in imports from China sub-index of the Hang Seng tracking energy “neutral” following the release of its results, Wirecard was up 4.6% in the second
are set to rise to 25% from 10% if no deal is shares ended up 0.7%, while the IT sector saying there is “limited upside” for the share day of a rally after Germany’s financial
reached by March 1. closed 1.3% higher, the financial sector price. watchdog banned short selling of the stock
On Tuesday, US President Donald Trump ended 1% firmer and the property sector Italian banks fell around 1% as weak due to volatility, following reports in the
again suggested that he was open to pushing closed 1% higher. industrial data drove government bond Financial Times which are now the subject
off the deadline to complete negotiations, yields higher. of an investigation by German authorities.
saying March 1 was not a “magical” date. Europe — Shares slip from October highs Autos managed to end slightly up, even ProSiebensat.1 shares fell 3.4% after
Investors expect a deal to be reached next as banks weigh though caution prevailed on uncertainty business monthly Manager Magazin
month. over whether US President Donald Trump reported two board members will leave
Shares in China’s agricultural companies MILAN: European shares dipped on Tuesday would ultimately impose tariffs on car the company shortly.
jumped after the Chinese government said it as a disappointing update from HSBC hit imports. Pandora shares tumbled 2.7% after a
will deepen reforms of the sector to promote the heavyweight banking sector and a rally Results drove the biggest moves on the “trading sell” note from Carnegie, among
its rural economy, the government said in fuelled by optimism about a possible US- stock level. the top-ranked analysts covering the stock,
its first policy statement of 2019. China trade deal ran out of steam. Danish hearing-aid maker William while SEB also reinstated a “sell” on the
Shanghai stocks rose slightly yesterday, A new round of talks between the US Demant skidded 9.2% after a disappointing stock, traders said. — Reuters

Shanghai Composite Hang Seng Euro STOXX 50 Index Dow Jones

Index points Index points Index points Index points
5800 33800 3900 27500
2,761.22 28,514.05
+5.57 +285.92
4825 (+0.20%) 29305 21,056.93 (+1.01%)
3415 23025
2,772.70

3850 24810 2930 18550

10,403.79
3,087.842
3,239.41
2875 20315 2445
-5.38
14075 25,891.32
(-0.17%) +8.07
1960 (+0.03%)
1900 15820 9600
Mar 1, 2010 Feb 20, 2019 Mar 1, 2010 Feb 19, 2019
Mar 1, 2010 Feb 20, 2019 Mar 1, 2010 Feb 19, 2019

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 0.260 0.080 0.140 0.125 710659 SUPERMX-C59 0.125 Unch 250 1.670 1.500 8.53 30/08/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.170 0.055 0.070 0.070 710660 SUPERMX-C60 0.070 -0.010 1820 1.670 1.900 24.25 25/06/2019
0.140 0.065 0.115 0.115 518326 PCHEM-C26 0.115 0.010 602.5 9.150 9.700 13.55 31/07/2019 0.110 0.075 0.110 0.100 710662 SUPERMX-C62 0.105 Unch 5542 1.670 1.950 32.49 30/09/2019
0.255 0.110 0.125 0.120 9997WB PENSONI-WB 0.125 Unch 30 0.405 0.600 79.01 20/01/2024 0.080 0.010 0.015 0.015 7082WB SYF-WB 0.015 Unch 410.1 0.225 0.700 217.78 11/11/2019
0.235 0.030 0.080 0.060 8311WC PESONA-WC 0.070 0.005 3854.7 0.250 0.250 28.00 27/01/2020 0.116 0.022 0.035 0.030 1538WB SYMLIFE-WB 0.035 Unch 81.5 0.400 0.790 106.25 11/11/2020
0.190 0.030 0.045 0.040 5681CW PETDAG-CW 0.045 0.010 0.8 27.060 28.800 8.92 26/03/2019 0.050 0.020 0.025 0.025 2429WB TANCO-WB 0.025 Unch 45 0.050 0.050 50.00 23/08/2021
0.125 0.055 0.105 0.095 5681CX PETDAG-CX 0.105 0.010 22.2 27.059 26.500 5.69 30/09/2019 0.090 0.030 0.045 0.040 5178WA TATGIAP-WA 0.040 Unch 733.8 0.090 0.120 77.78 26/12/2023
0.450 0.055 0.110 0.075 3611WA PGLOBE-WA 0.110 0.055 2 1.070 1.000 3.74 07/04/2020 0.190 0.065 0.075 0.070 534750 TENAGA-C50 0.075 0.005 399 13.380 14.400 14.35 28/06/2019
5.380 3.330 3.730 3.620 8869WC PMETAL-WC 3.730 0.100 87 4.120 0.390 0.00 22/08/2019 0.375 0.100 0.375 0.360 7252WA TEOSENG-WA 0.360 -0.010 111.5 1.320 1.350 29.55 29/01/2020
0.620 0.300 0.585 0.580 7088WB POHUAT-WB 0.580 -0.010 25 1.600 1.000 -1.25 21/10/2020 2.450 0.705 0.870 0.840 7034WA TGUAN-WA 0.870 0.020 80.2 2.390 1.500 -0.84 09/10/2019
0.055 0.005 0.005 0.005 463426 POS-C26 0.005 Unch 165 2.200 3.300 51.14 20/05/2019 0.264 0.018 0.090 0.080 7889WB THRIVEN-WB 0.090 0.010 473.7 0.230 0.480 147.83 05/10/2020
0.080 0.005 0.015 0.010 463428 POS-C28 0.015 0.010 314.6 2.200 3.450 60.23 28/06/2019 0.055 0.020 0.040 0.040 486334 TM-C34 0.040 0.015 99 2.970 3.200 11.78 31/07/2019
0.070 0.030 0.070 0.050 463429 POS-C29 0.070 0.025 979.6 2.200 2.600 30.91 28/06/2019 0.205 0.120 0.205 0.195 486336 TM-C36 0.205 0.015 700 2.970 2.200 5.13 28/06/2019
0.095 0.040 0.095 0.080 463430 POS-C30 0.095 0.035 140.1 2.200 2.200 17.27 25/06/2019 0.275 0.115 0.275 0.260 486337 TM-C37 0.275 0.025 323 2.970 2.150 0.17 30/09/2019
0.145 0.080 0.145 0.100 463431 POS-C31 0.145 0.040 8062.8 2.200 2.000 17.27 31/07/2019 0.200 0.160 0.195 0.190 486339 TM-C39 0.195 0.005 380 2.970 2.600 10.52 31/07/2019
0.080 0.055 0.080 0.070 463432 POS-C32 0.080 0.025 0.8 2.200 2.600 32.00 02/08/2019 0.190 0.025 0.035 0.030 0101WB TMCLIFE-WB 0.030 Unch 1999.9 0.735 0.750 6.12 21/06/2019
0.225 0.130 0.225 0.150 463433 POS-C33 0.225 0.075 171.2 2.200 2.000 11.36 31/10/2019 0.430 0.170 0.210 0.205 7285WA TOMYPAK-WA 0.210 0.015 80 0.615 0.930 85.37 21/06/2021
0.600 0.315 0.370 0.340 7168WA PRG-WA 0.340 0.005 14 0.750 0.375 -4.67 06/07/2019 0.405 0.005 0.015 0.015 711333 TOPGLOV-C33 0.015 Unch 1729.4 5.170 5.500 7.40 29/03/2019
0.280 0.075 0.090 0.085 8966WA PRLEXUS-WA 0.090 Unch 52.1 0.580 1.200 122.41 14/06/2021 0.180 0.025 0.040 0.035 711341 TOPGLOV-C41 0.040 0.005 1150.1 5.170 6.000 19.92 28/06/2019
0.220 0.035 0.065 0.060 5070WA PRTASCO-WA 0.065 Unch 1032.3 0.265 0.750 207.55 25/04/2023 0.245 0.060 0.080 0.070 711342 TOPGLOV-C42 0.075 0.005 1236 5.170 5.800 20.16 31/05/2019
0.115 0.010 0.040 0.035 7145WA PSIPTEK-WA 0.040 0.010 247.2 0.135 0.100 3.70 16/11/2019 0.275 0.070 0.095 0.090 711343 TOPGLOV-C43 0.095 0.005 200.4 5.170 5.880 22.92 17/06/2019
0.180 0.045 0.070 0.060 0186WA PTRANS-WA 0.065 Unch 3039 0.250 0.235 20.00 19/09/2020 0.145 0.055 0.075 0.070 711344 TOPGLOV-C44 0.075 0.005 2320 5.170 6.600 35.64 31/07/2019
0.205 0.055 0.075 0.065 0007WA PUC-WA 0.075 0.005 133 0.105 0.100 66.67 25/12/2024 0.160 0.125 0.160 0.150 711345 TOPGLOV-C45 0.155 0.005 772 5.170 4.600 9.96 31/07/2019
0.535 0.120 0.265 0.265 7134WA PWF-WA 0.265 0.015 20 0.870 0.620 1.72 20/07/2021 0.160 0.130 0.160 0.145 711346 TOPGLOV-C46 0.155 0.005 1196 5.170 5.300 19.00 31/07/2019
0.550 0.210 0.310 0.295 7237WA PWROOT-WA 0.310 0.020 100.5 1.480 1.540 25.00 24/07/2023 0.180 0.150 0.180 0.180 711347 TOPGLOV-C47 0.180 0.005 310 5.170 5.200 17.99 30/08/2019
0.135 0.055 0.080 0.070 5256WA REACH-WA 0.075 Unch 6277.1 0.340 0.750 142.65 12/08/2022 0.260 0.080 0.100 0.100 7173WB TOYOINK-WB 0.100 Unch 110 0.650 1.500 146.15 06/11/2023
0.495 0.330 0.475 0.455 0200WA REVENUE-WA 0.465 Unch 5034.7 1.250 1.250 37.20 14/01/2024 0.270 0.110 0.190 0.190 7176WA TPC-WA 0.190 Unch 19.6 0.410 0.200 -4.88 19/01/2021
0.200 0.040 0.170 0.160 9954WB RGTBHD-WB 0.160 Unch 2216 0.225 0.100 15.56 14/05/2023 0.190 0.030 0.040 0.030 5401WA TROP-WA 0.035 -0.005 110 0.870 1.000 18.97 06/12/2019
0.110 0.085 0.105 0.105 106612 RHBBANKC12 0.105 Unch 340 5.560 5.800 12.25 31/07/2019 0.100 0.040 0.100 0.080 514865 UEMS-C65 0.100 0.020 1253.8 0.875 0.750 8.57 28/06/2019
0.265 0.040 0.100 0.085 1066C8 RHBBANK-C8 0.090 0.010 321.1 5.560 5.300 0.18 28/02/2019 0.080 0.055 0.080 0.070 514866 UEMS-C66 0.080 0.015 70.4 0.875 0.880 18.86 28/06/2019
0.030 0.015 0.025 0.020 0133WE SANICHI-WE 0.020 -0.005 3778.5 0.060 0.100 100.00 13/12/2021 0.095 0.015 0.065 0.060 458811 UMW-C11 0.060 -0.005 0.4 5.890 6.100 9.68 28/06/2019
0.095 0.005 0.010 0.010 521869 SAPNRGC69 0.010 Unch 180 0.325 0.550 75.38 30/04/2019 0.260 0.105 0.245 0.230 458813 UMW-C13 0.240 0.005 49.4 5.890 4.700 4.24 30/08/2019
0.205 0.045 0.065 0.065 521870 SAPNRGC70 0.065 0.010 1199.8 0.325 0.380 36.92 31/05/2019 0.260 0.155 0.230 0.230 458815 UMW-C15 0.230 -0.005 50 5.890 4.800 4.92 28/06/2019
0.100 0.020 0.035 0.035 521873 SAPNRGC73 0.035 0.005 4111.6 0.325 0.400 39.23 31/05/2019 0.160 0.115 0.145 0.140 458817 UMW-C17 0.140 Unch 95 5.890 6.300 19.32 31/07/2019
0.055 0.020 0.040 0.035 521874 SAPNRGC74 0.040 0.005 3714 0.325 0.409 44.58 28/06/2019 0.065 0.050 0.065 0.065 524326 VELESTO-C26 0.065 0.010 285 0.260 0.320 35.58 28/06/2019
0.180 0.085 0.110 0.095 5218WA SAPNRG-WA 0.105 0.005 200531 0.325 0.490 83.08 23/01/2026 0.165 0.050 0.090 0.080 5243WA VELESTO-WA 0.090 0.005 7279.9 0.260 0.395 86.54 18/10/2024
0.205 0.020 0.040 0.035 7073WC SEACERA-WC 0.040 Unch 5520.6 0.330 1.000 215.15 21/01/2021 0.760 0.430 0.520 0.450 7240WA VERTICE-WA 0.515 -0.005 19.9 0.905 0.500 12.15 31/03/2024
0.175 0.030 0.040 0.040 5279CN SERBADK-CN 0.040 -0.005 10 3.950 4.500 18.48 29/03/2019 0.355 0.100 0.215 0.205 0120WB VIS-WB 0.215 Unch 372 0.540 0.750 78.70 16/11/2022
0.125 0.010 0.020 0.015 419727 SIME-C27 0.015 Unch 989 2.290 2.600 15.17 31/05/2019 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 34.9 0.020 0.050 175.00 22/08/2023
0.085 0.045 0.060 0.055 419730 SIME-C30 0.055 0.005 90 2.290 2.700 25.11 31/07/2019 0.500 0.310 0.435 0.425 7070WC VIZIONE-WC 0.435 0.010 28.4 1.030 0.700 10.19 05/02/2022
0.070 0.040 0.060 0.060 419731 SIME-C31 0.060 0.005 0.4 2.290 3.000 36.77 02/08/2019 0.110 0.070 0.110 0.095 696310 VS-C10 0.110 0.015 6655.6 1.000 1.200 47.50 31/07/2019
0.115 0.025 0.075 0.070 5285CI SIMEPLT-CI 0.075 0.010 0.8 5.280 5.350 8.43 28/06/2019 0.180 0.160 0.180 0.170 696311 VS-C11 0.175 0.015 3007.8 1.000 0.880 23.00 30/08/2019
0.115 0.110 0.115 0.115 5285CJ SIMEPLT-CJ 0.115 0.005 200 5.280 5.200 15.91 30/08/2019 0.180 0.120 0.180 0.160 6963C8 VS-C8 0.175 0.015 9382 1.000 0.770 20.75 30/08/2019
0.145 0.050 0.090 0.085 9776WC SMCAP-WC 0.085 -0.010 255 0.175 0.200 62.86 29/08/2023 0.145 0.095 0.145 0.125 6963C9 VS-C9 0.145 0.015 5481.5 1.000 0.880 24.25 02/08/2019
0.120 0.030 0.040 0.035 0093WA SOLUTN-WA 0.035 Unch 4.9 0.110 0.200 113.64 04/07/2021 0.080 0.050 0.060 0.060 967916 WCT-C16 0.060 0.005 150 0.875 0.850 17.71 20/05/2019
0.105 0.015 0.050 0.050 866410 SPSETIA-C10 0.050 0.005 50 2.550 2.800 15.69 28/06/2019 0.265 0.045 0.090 0.085 9679WE WCT-WE 0.085 Unch 1374.3 0.875 2.080 147.43 27/08/2020
0.165 0.100 0.150 0.145 866413 SPSETIA-C13 0.145 -0.010 70 2.550 2.500 15.10 31/07/2019 0.180 0.095 0.175 0.160 0197WA WEGMANS-WA 0.165 -0.005 3220.2 0.350 0.300 32.86 13/01/2022
0.175 0.095 0.110 0.110 0080WA STRAITS-WA 0.110 Unch 100 0.225 0.115 0.00 10/08/2022 0.180 0.085 0.125 0.115 0162WA WIDAD-WA 0.120 Unch 316.7 0.325 0.350 44.62 05/08/2023
0.065 0.025 0.045 0.045 5211CS SUNWAY-CS 0.045 0.010 20 1.680 1.650 3.57 15/03/2019 0.319 0.070 0.145 0.140 7245WA WZSATU-WA 0.145 0.005 1467.4 0.380 0.380 38.16 28/10/2024
0.530 0.210 0.300 0.280 5211WB SUNWAY-WB 0.290 -0.010 4056.5 1.680 1.790 23.81 03/10/2024 0.030 0.015 0.020 0.020 5156WD XDL-WD 0.020 Unch 86.4 0.125 0.180 60.00 17/01/2022
0.185 0.030 0.060 0.060 0148WA SUNZEN-WA 0.060 Unch 70.3 0.175 0.100 -8.57 14/04/2019 0.130 0.015 0.015 0.015 7293CT YINSON-CT 0.015 Unch 100 4.210 4.680 12.77 31/05/2019
0.135 0.025 0.035 0.030 0148WB SUNZEN-WB 0.030 Unch 110 0.175 0.250 60.00 25/02/2021 0.120 0.050 0.050 0.050 7293CV YINSON-CV 0.050 -0.020 40 4.210 4.950 24.70 30/05/2019
0.220 0.040 0.065 0.065 710652 SUPERMX-C52 0.065 Unch 876 1.670 1.650 8.53 29/03/2019 0.095 0.010 0.020 0.020 7020WB YKGI-WB 0.020 Unch 50 0.135 0.500 285.19 28/05/2020
0.225 0.055 0.090 0.090 710655 SUPERMX-C55 0.090 Unch 167.6 1.670 1.750 15.57 31/07/2019 1.090 0.130 0.155 0.140 7066WA YONGTAI-WA 0.155 0.010 1046.5 0.370 0.500 77.03 24/06/2020
0.310 0.105 0.155 0.150 710656 SUPERMX-C56 0.150 -0.005 2613.3 1.670 1.400 6.29 30/05/2019 0.085 0.005 0.005 0.005 6742C5 YTLPOWR-C5 0.005 Unch 200 0.455 1.300 186.81 31/05/2019
0.305 0.110 0.150 0.145 710657 SUPERMX-C57 0.145 -0.005 1089.7 1.670 1.400 5.54 30/04/2019 0.085 0.050 0.085 0.080 6742C6 YTLPOWR-C6 0.080 0.010 360 0.925 0.950 15.68 31/07/2019
0.250 0.070 0.105 0.105 710658 SUPERMX-C58 0.105 Unch 1015.4 1.670 1.650 14.52 20/05/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on February 19, 2019) 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. Palm oil prices and production outlook in 2019
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AMMB 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 229,472,837 14/2
AMMB 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 229,472,837 14/2
ASTRO MALAYSIA 81,100 EMPLOYEES PROVIDENT FUND BOARD 423,244,364 15/2
AXIATA GROUP 2,903,200 EMPLOYEES PROVIDENT FUND BOARD 1,419,912,017 8/2
BAHVEST RESOURCES (903,800) LEMBAGA TABUNG HAJI 90,191,900 14/2
BERMAZ AUTO (1,409,900) EMPLOYEES PROVIDENT FUND BOARD 160,304,300 14/2
CAPITALAND (93,200) EMPLOYEES PROVIDENT FUND BOARD 225,410,400 14/2
MALAYSIA MALL TRUST
CAPITALAND 2,666,400 KUMPULAN WANG PERSARAAN 181,428,500 18/2
MALAYSIA MALL TRUST (DIPERBADANKAN)
CIMB GROUP (3,362,399) KUMPULAN WANG PERSARAAN 659,858,217 15 & 18/2
(DIPERBADANKAN)
D&O GREEN TECHNOLOGIES (550,000) KUMPULAN WANG PERSARAAN 55,263,700 18/2
(DIPERBADANKAN)
DAYANG ENTERPRISE (1,587,500) KUMPULAN WANG PERSARAAN 107,804,566 18/2
(DIPERBADANKAN)
DIALOG GROUP (1,852,800) KUMPULAN WANG PERSARAAN 318,069,933 18/2
(DIPERBADANKAN)
DIALOG GROUP 3,181,400 EMPLOYEES PROVIDENT FUND BOARD 509,961,316 14/2
DIGI.COM (2,579,300) EMPLOYEES PROVIDENT FUND BOARD 1,112,698,450 14/2
DRB-HICOM 411,200 EMPLOYEES PROVIDENT FUND BOARD 193,482,097 12/2
GABUNGAN AQRS (171,100) KUMPULAN WANG PERSARAAN 29,622,200 18/2
(DIPERBADANKAN)
GENTING PLANTATIONS (1,515,400) EMPLOYEES PROVIDENT FUND BOARD 65,197,100 14/2
GLOBETRONICS TECHNOLOGY (100,000) EMPLOYEES PROVIDENT FUND BOARD 85,357,629 14/2
GUAN CHONG 215,000 GUAN CHONG RESOURCES S/B 251,395,469 19/2
HONG LEONG BANK (1,168,900) EMPLOYEES PROVIDENT FUND BOARD 248,257,721 14/2
HUBLINE 4,000,000 BNDM INCORPORATED S/B 1,185,127,449 19/2
IHH HEALTHCARE (76,000) EMPLOYEES PROVIDENT FUND BOARD 658,566,000 14/2
IOI CORPORATION (1,085,700) EMPLOYEES PROVIDENT FUND BOARD 755,633,573 14/2
IRIS CORPORATION (1,500,000) FELDA INVESTMENT CORPORATION S/B 163,329,581 15/2
KUALA LUMPUR KEPONG (1,422,000) EMPLOYEES PROVIDENT FUND BOARD 117,224,057 14/2
LAFARGE MALAYSIA (14,200) EMPLOYEES PROVIDENT FUND BOARD 53,960,775 14/2
MALAYAN BANKING 1,058,600 AMANAHRAYA TRUSTEE 3,872,928,681 15/2
- AMANAH SAHAM BUMIPUTERA
MALAYSIA AIRPORTS 855,900 EMPLOYEES PROVIDENT FUND BOARD 181,392,692 14/2
MAXIS (356,400) EMPLOYEES PROVIDENT FUND BOARD 867,152,714 14/2
NI HSIN RESOURCES 460,000 KHOO CHEE KONG 27,960,000 18/2
NICHE CAPITAL EMAS (6,444,000) MARION CHAN @ CHAN CHOI HAR 38,000,000 15 & 18/2
ORIENTAL (496,900) EMPLOYEES PROVIDENT FUND BOARD 62,169,316 14/2
PENTAMASTER CORPORATION (162,300) KUMPULAN WANG PERSARAAN 35,962,400 18/2
(DIPERBADANKAN)
PETRONAS CHEMICALS GROUP (1,630,000) EMPLOYEES PROVIDENT FUND BOARD 624,617,400 14/2
PETRONAS DAGANGAN (544,800) EMPLOYEES PROVIDENT FUND BOARD 57,080,300 14/2
PETRONAS GAS (114,700) EMPLOYEES PROVIDENT FUND BOARD 172,732,800 14/2
POS MALAYSIA 128,300 EMPLOYEES PROVIDENT FUND BOARD 76,033,529 14/2
PPB GROUP (738,200) EMPLOYEES PROVIDENT FUND BOARD 151,499,054 14/2
PUBLIC BANK 1,919,700 EMPLOYEES PROVIDENT FUND BOARD 450,029,400 14/2
QL RESOURCES 938,500 EMPLOYEES PROVIDENT FUND BOARD 110,005,338 14/2
RANHILL (2,500,000) LEMBAGA TABUNG HAJI 61,235,000 14/2
RIMBUNAN SAWIT (200,000) TIONG KIONG KING 19,313,300 19/2
S P SETIA 953,400 EMPLOYEES PROVIDENT FUND BOARD 435,036,297 14/2
SERBA DINAMIK (774,300) EMPLOYEES PROVIDENT FUND BOARD 101,081,700 14/2
SKP RESOURCES (86,700) KUMPULAN WANG PERSARAAN 171,664,633 18/2 Stocks closest to year high Stocks closest to year low
(DIPERBADANKAN)
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SUNWAY CONSTRUCTION GROUP 113,400 EMPLOYEES PROVIDENT FUND BOARD 104,400,464 14/2 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
SUNWAY REAL ESTATE (1,041,000) AMANAHRAYA TRUSTEE 185,000,000 15/2
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA KLCC 7.960 7.770 7.960 3030.5 FBMKLCI-H6N 0.215 0.200 0.200 57.5
SUNWAY REAL ESTATE 1,829,700 EMPLOYEES PROVIDENT FUND BOARD 444,791,500 14/2 MBSB-C17 0.095 0.080 0.095 3153.5 FBMKLCI-H6P 0.055 0.045 0.050 2726.1
INVESTMENT TRUST POS-C31 0.145 0.100 0.145 8062.8 HSI-H6K 0.110 0.110 0.110 5
SYARIKAT TAKAFUL (302,100) EMPLOYEES PROVIDENT FUND BOARD 98,544,986 14/2 POS-C30 0.095 0.080 0.095 140.1 FBMKLCI-H6O 0.320 0.295 0.295 169.5
MALAYSIA KELUARGA ORIENT 6.810 6.760 6.810 102.2 HSI-H4U 0.460 0.445 0.445 30
TELEKOM MALAYSIA 2,900,700 EMPLOYEES PROVIDENT FUND BOARD 633,374,700 14/2
GENTINGC63 0.195 0.175 0.195 2421.9 FBMKLCI-H6S 0.325 0.315 0.315 160
TENAGA NASIONAL 100,000 KUMPULAN WANG PERSARAAN 311,597,225 18/2
(DIPERBADANKAN) POS-C33 0.225 0.150 0.225 171.2 FBMKLCI-H6V 0.260 0.250 0.250 113.5
TENAGA NASIONAL 85,000 EMPLOYEES PROVIDENT FUND BOARD 751,264,682 14/2 MRCB-C40 0.190 0.180 0.190 5469.3 FBMKLCI-H6T 0.085 0.075 0.075 271.5
TIME DOTCOM (752,200) KUMPULAN WANG PERSARAAN 63,630,948 18/2 UEMS-C65 0.100 0.080 0.100 1253.8 GHLSYS-CA 0.120 0.120 0.120 50
(DIPERBADANKAN) HENGYUAN-C7 0.170 0.160 0.170 750 FBMKLCI-H6M 0.155 0.140 0.140 116
TOP GLOVE CORPORATION 176,500 EMPLOYEES PROVIDENT FUND BOARD 148,568,022 14/2 VELESTO-C26 0.065 0.065 0.065 285 YINSON-CV 0.050 0.050 0.050 40
UMW (76,000) KUMPULAN WANG PERSARAAN 75,909,567 18/2
TOPGLOV-C46 0.160 0.145 0.155 1196 MUIPROP 0.195 0.185 0.195 8484.8
UMW 176,600 EMPLOYEES PROVIDENT FUND BOARD 121,453,159 14/2
(DIPERBADANKAN) GOLDETF 1.785 1.785 1.785 0.2 FBMKLCI-H6Q 0.080 0.070 0.070 175
YINSON 161,600 EMPLOYEES PROVIDENT FUND BOARD 150,443,900 14/2 DRBHCOMC71 0.140 0.125 0.135 5351.3 ECOFIRS-WC 0.040 0.030 0.040 701.5
(DIPERBADANKAN) FBMKLCI-C5R 0.095 0.085 0.095 374.2 XIAOMI-C2 0.170 0.160 0.160 200
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder UEMS-C66 0.080 0.070 0.080 70.4 TEXCHEM 0.640 0.630 0.630 87.6
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with K1-WC 0.120 0.105 0.120 6442.8 HSI-H6D 0.165 0.155 0.155 63
Bursa Malaysia. Note: * denotes Ace Market
GENTINGC62 0.230 0.195 0.230 2267.4 HSI-H6N 0.415 0.380 0.410 3927.4
GENTINGC61 0.175 0.145 0.175 2588.9 HSI-H4T 0.105 0.085 0.090 1433.2
POS-C32 0.080 0.070 0.080 0.8 HSI-H6M 0.275 0.255 0.255 857
Local event to watch out for today PPB
MI-CD
18.980
0.230
18.360
0.220
18.920
0.230
3100.7
225
HSI-H6C
FGV-C56
0.245
0.005
0.220
0.005
0.225
0.005
26220.1
100
HIBISCS-CS 0.130 0.115 0.130 1831.2 CONNECT-WA 0.030 0.030 0.030 2
• Bio Osmo Bhd’s extraordinary general meeting at Kelab Golf Negara Subang, Sem- HIBISCS-CT 0.170 0.155 0.170 1500 HSI-H4S 0.005 0.005 0.005 0.5
inar Room, Jalan SS 7/2, SS 7, Petaling Jaya at 10.30am. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.605 0.686 0.686 0.526 0.904 0.927 0.927 0.959 2.7912 4.609 57.676 4.515 2.519 9,625 48.819 75.945 5.891 35.656 2.496 2.572 6.392 21.322 5.383
EURO 1.653 1.133 1.134 0.869 1.495 1.532 1.532 1.585 4.6125 7.617 95.310 7.462 4.162 15,906 80.675 125.500 9.735 58.922 4.125 4.250 10.562 35.234 8.895
US $ 1.458 0.882 1.001 0.767 1.319 1.352 1.352 1.399 4.0700 6.721 84.100 6.584 3.673 14,035 71.186 110.739 8.590 51.992 3.640 3.750 9.320 31.090 7.849
SWISS FR 1.457 0.882 0.999 0.766 1.318 1.351 1.351 1.397 4.0663 6.715 84.024 6.578 3.669 14,023 71.121 110.639 8.582 51.945 3.637 3.747 9.311 31.062 7.842
STERLING £ 1.902 1.151 1.304 1.305 1.720 1.763 1.763 1.824 5.3077 8.765 109.675 8.586 4.790 18,304 92.834 144.415 11.202 67.803 4.747 4.891 12.154 40.545 10.236
CANADA $ 1.106 0.669 0.758 0.759 0.581 1.025 1.025 1.060 3.0861 5.096 63.769 4.992 2.785 10,642 53.977 83.969 6.514 39.423 2.760 2.844 7.067 23.574 5.951
BRUNEI $ 1.078 0.653 0.740 0.740 0.567 0.975 1.000 1.034 3.0101 4.971 62.199 4.870 2.716 10,380 52.648 81.901 6.353 38.452 2.692 2.774 6.893 22.994 5.805
SINGAPORE $ 1.078 0.653 0.740 0.740 0.567 0.975 1.000 1.034 3.0101 4.971 62.199 4.870 2.716 10,380 52.648 81.901 6.353 38.452 2.692 2.774 6.893 22.994 5.805
AUSTRALIA $ 1.043 0.631 0.715 0.716 0.548 0.943 0.967 0.967 2.9101 4.806 60.133 4.708 2.626 10,036 50.899 79.180 6.142 37.175 2.603 2.681 6.664 22.230 5.612
MALAYSIA RM 0.358 0.217 0.246 0.246 0.188 0.324 0.332 0.332 0.344 1.0000 1.651 20.663 1.618 0.902 3,449 17.490 27.209 2.111 12.774 0.894 0.921 2.290 7.639 1.928
100 CHINESE RMB 21.695 13.129 14.879 14.892 11.409 19.622 20.118 20.118 20.809 60.5560 1,251 97.963 54.646 208,828 1,059.153 1,648 127.809 773.572 54.158 55.798 138.667 462.577 116.781
100 BANGLAD’H TAKA 1.734 1.049 1.189 1.190 0.912 1.568 1.608 1.608 1.663 4.8395 7.992 7.829 4.367 16,689 84.645 131.676 10.214 61.822 4.328 4.459 11.082 36.968 9.333
100 DANISH KRONER 22.146 13.402 15.188 15.202 11.646 20.030 20.536 20.536 21.242 61.8150 102.08 1,277 55.782 213,170 1,081.17 1,682 130.47 789.66 55.28 56.96 141.55 472.19 119.21
100 UAE DIRHAM 39.701 24.025 27.227 27.252 20.878 35.908 36.814 36.814 38.079 110.8146 183.00 2,290 179.27 382,146 1,938 3,015 233.88 1,416 99.11 102.11 253.75 846.49 213.70
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0290 0.048 0.599 0.047 0.026 0.507 0.789 0.061 0.370 0.026 0.027 0.066 0.222 0.056
100 INDIA RUPEE 2.048 1.240 1.405 1.406 1.077 1.853 1.899 1.899 1.965 5.7174 9.442 118.141 9.249 5.159 19,717 155.563 12.067 73.037 5.113 5.268 13.092 43.674 11.026
100 JAPAN YEN 1.317 0.797 0.903 0.904 0.692 1.191 1.221 1.221 1.263 3.6753 6.069 75.944 5.946 3.317 12,674 64.283 7.757 46.950 3.287 3.387 8.416 28.075 7.088
100 NORWEGIAN KRONER 16.975 10.272 11.641 11.652 8.927 15.353 15.740 15.740 16.281 47.3800 78.242 979 76.648 42.756 163,391 828.698 1,289 605.255 42.374 43.657 108.496 361.928 91.371
100 PHILIPPINE PESO 2.805 1.697 1.923 1.925 1.475 2.537 2.601 2.601 2.690 7.8281 12.927 161.755 12.664 7.064 26,995 136.917 212.992 16.522 7.001 7.213 17.926 59.798 15.096
100 QATAR RIYAL 40.059 24.241 27.473 27.498 21.066 36.231 37.146 37.146 38.422 111.8132 184.644 2,310 180.884 100.901 385,589 1,956 3,042 235.992 1,428 103.028 256.041 854.123 215.629
100 SAUDI RIYAL 38.882 23.529 26.665 26.689 20.447 35.167 36.054 36.054 37.293 108.5275 179.218 2,243 175.568 97.936 374,259 1,898 2,953 229.058 1,386 97.061 248.517 829.024 209.293
100 SWEDISH KRONOR 15.646 9.468 10.730 10.739 8.228 14.151 14.508 14.508 15.006 43.6700 72.115 902.371 70.646 39.408 150,597 763.809 1,188 92.170 557.862 39.056 40.239 333.588 84.217
100 THAI BAHT 4.690 2.838 3.216 3.219 2.466 4.242 4.349 4.349 4.498 13.0910 21.618 270.505 21.178 11.813 45,144 228.968 356.189 27.630 167.231 11.708 12.062 29.977 25.246
100 HK$ 18.578 11.242 12.741 12.752 9.770 16.803 17.227 17.227 17.819 51.8544 85.630 1,071.488 83.886 46.794 178,821 906.958 1,411 109.444 662.414 46.376 47.780 118.741 396.107
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
THU R S DAY F E B RUA RY 21 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
18.00
1980 1,727.00 90000 -5.50 4.5
(+16.50) (-1.00) 3.78
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

96.614
(+0.094) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Feb 20, 2019 Jan 4, 2010 Feb 20, 2019 Oct 2, 2006 Feb 20, 2019 Oct 1, 2000 Feb 20, 2019

KLCI futures end higher in FBM KLCI futures US dollar pauses before Klibor
line with stronger cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
the release of Fed minutes MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,726.18 19.62 159.8M China’s yuan rose yesterday after the US MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives closed higher yesterday FEB 19 1,727.00 16.50 8,147 28,626 390 pressed Beijing to prevent a sharp weakening SEP9 96.22 — — —
in line with the stronger underlying cash MAR 19 1,721.50 17.00 593 1,781 200
of its currency as part of any trade deal, while DEC9 96.22 — — —
JUN 19 1,713.00 17.50 74 303 21
market. SEP 19 1,708.00 18.00 51 118 16
the US dollar paused as traders positioned MAR0 96.22 — — —
Spot month February 2019 gained 16.5 TOTAL ahead of the release of US Federal Reserve JUN0 96.22 — — —
8,865 30,828 627
SEP0 96.22 — — —
points to 1,727; March 2019 added 17 points (Fed) policy minutes. DEC0 96.22 — — —
to 1,721.5; June 2019 rose 17.5 points to 1,713 FUTURES
FEB/MAR
ROLL OVER BID
-5.5
OFFER
-6.0
CLOSE
-5.5
The yuan has been a strong performer MAR1 96.22 — — —
and September 2019 was 18 points better at in 2019, helped by the recovery in emerging JUN1 96.22 — — —
1,708. FUTURES FAIR VALUE market assets broadly and optimism that SEP1 96.22 — — —
DEC1 96.22 — — —
Turnover increased to 8,865 lots from CONTRACT
FEB 19
DAYS TO EXPIRY
9
KLIBOR DIVIDEND FAIR VALUE
1.28 1.45 -0.17
Washington and Beijing are close to agreeing MAR2 96.22 — — —
5,956 lots on Tuesday, while open interest MAR 19 38 5.93 9.45 -3.52 a deal to end their trade conflict. JUN2 96.22 — — —
widened to 30,828 contracts from 26,886 ROLL’S FAIR -3.35 In offshore markets, the yuan rose 0.4% to SEP2 96.22 — — —
contracts. as much as 6.7168, its strongest since Feb 1. DEC2 96.22 — — —
MAR3 96.22 — — —
The underlying benchmark KLCI ended The US dollar, measured against a basket
JUN3 96.22 — — —
19.62 points higher at 1,726.18. of currencies, held steady at 96.614, away SEP3 96.22 — — —
Southeast Asian stock markets closed from two-month highs hit last week. DEC-99 — — — —
higher yesterday, with Philippines ending The minutes from the January Fed meeting DEC-99 — — — —
1.4% higher leading the gains in the region, US-China trade deal, and expected easing in will be closely watched following a dovish DEC-99 — — — —
TOTAL 0 0
on hopes of an extension to the deadline for a monetary policies in the region. — Agencies statement at that review. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,241
(-15) 5075 1660 1,343.00
3450 152500 0.3046 0.525 121.25
(+2.20)
(RM2,729/tonne) 55.66
(-0.43)
2700 105000 3750 0.350 87.50 1340

1950 57500 2425 0.175 53.75 1020

2,241
1200 10000
700
1100 (-15) 0.000 20.00
Jan 6, 2008 Feb 20, 2019 Apr 10, 2007 Feb 20, 2019 Aug 31, 2008 Feb 20, 2019
Jan 6, 2008 Feb 20, 2019

Palm oil falls, February CPO futures Oil dips after forecast for Commodities

output slower than forecast CONTRACT

MAR-19
LAST
2,131
CHANGE
-24
VOLUME
1,232
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,589 -872
record US shale output AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,241 -15
RUBBER SEN/KG MRB 582.00 12.00
APR-19 2,210 -25 10,833 45,505 -3,774
Malaysian palm oil futures fell to a one– Crude oil futures eased yesterday in light of CORN USC/BSH CBOT 373.00 3.25
MAY-19 2,241 -19 17,273 60,695 2,703
SOYBEANS USC/BSH CBOT 899.00 -1.75
month low yesterday with traders expecting a JUN-19 2,255 -15 5,998 29,996 774 the prospect of a continued boom in US shale
WHEAT USC/BSH CBOT 489.50 -0.25
slower than forecast decline in February JUL-19 2,267 -3 2,007 18,641 809 oil output, although with Opec determined LIVE CATTLE USC/IBS CME 128.45 1.28
output. CPO FUTURES CPO/SOYOIL to restrict its own production to prevent a COCOA US$/TON NYBOT 2,336 -14
The benchmark palm oil contract for May INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) global surplus of unused fuel, the price held COFFEE USC/IBS NYBOT 101.25 0.40
MAR/APR -79 -74.29
delivery on Bursa Malaysia Derivatives was MAR/MAY -110 3 MONTHS AVERAGE -72.71
just shy of 2019 highs. SUGAR USC/IBS NYBOT 13.25 0.02
down RN19 or 0.7% at RM2,241 at the close MAR/JUN Brent futures were at US$65.95 a barrel COTTON USC/IBS NYC 73.71 0.23
-124 6 MONTHS AVERAGE -85.37
of trade. APR/MAY -31 down 50 US cents on the day still within sight METAL & PRECIOUS METALS
TIN US$/TON KLTM 21,200 UNCH
Earlier in the session, the contract fell to SGS & ITS EXPORT ESTIMATES (TONNES) of Monday’s high for the year of US$66.83. US COPPER USC/IBS CMX 2.8830 0.0055
RM 2,238, its lowest levels since Jan 18. SHIPMENT DAYS NOV’18 DEC’18 JAN’19 West Texas Intermediate (WTI) futures were at GOLD US$/TROY OZ CMX 1,343.00 2.20
Production fell 3.9% from a month earlier 1 - 10TH DAYS 352/307 312/299 466/458 US$55.66 a barrel, down 43 US cents, having PLATINUM US$/TROY OZ NYMEX 826.60 5.60
to 1.74 million tonnes in January, data from 1 - 15TH DAYS 552/549 600/524 647/607
touched a 2019 peak of US$56.39 earlier. PALLADIUM US$/TROY OZ NYMEX 1,467.70 20.60
1 - 20TH DAYS 823/793 879/847 963/930
the Malaysian Palm Oil Board showed. 1 - 25TH DAYS 1,074/1,040 1,078/974 1,208/1,213
“Brent is trading in a narrow corridor SILVER USC/TROY OZ CMX 16.01 0.04
Output of the edible oil typically falls FULL MONTH at around US$66.5, while WTI is at around ALUMINIUM RMB/TON SHF 13,495 5.0
1,241/1,250 1,340/1,273 1,454/1,471
ZINC RMB/TON SHF 21,685 190
during the first quarter of the year in line MALAYSIAN PALM OIL BOARD US$56,” Commerzbank analysts said in a note.
with seasonal trend. OCT’18 NOV’18 DEC’18 JAN’19 “This still leaves them within spitting ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 55.66 -0.43
February data is due out on March 10 PRODUCTION 1,965 1,845 1,808 1,737 distance of the three-month high they HEATING OIL USC/GAL NYMEX 1.9850 -0.0110
but some traders are expecting a small fall EXPORT
STOCKS
1,571
2,722
1,375
3,007
1,383
3,215
1,676
3,001
achieved at the start of the week ... It seems NATURAL GAS US$/MMBTU NYMEX 2.705 0.008
month–on–month following the January that the sharp rise in oil production in the US BRENT CRUDE US$/BBL ICE 65.95 -0.50
MPOB palm oil physical
report. is having a slowing effect after all.”— Reuters GAS OIL US$/TON ICE 607.50 -3.00
“Production for these two months, January (IN RM/TON) FEB’19 MAR’19 APR’19

and February, [is] higher year–on–year,” said CPO DELD

PK EX-MILL
2,083.00 2,134.00 NO TRADE
1,268.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
a Kuala Lumpur based trader. CPKO DELD 2,741.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
“Exports also didn’t go up as much as RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
people thought.” RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
Malaysia’s palm oil exports from Feb 1 RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 425.00 1475 582.00
(+4.00)
to Feb 20 slightly rose 0.03% to 0.8% from a MPOB FFB REF PRICE (MILL GATE PRICE) (+12.00)

month earlier, AmSpec Agri Malaysia and REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Intertek Testing Services reported yesterday. NORTH 20.00% 427 19.00% 406 18.00% 386
Another cargo surveyor, Societe Generale SOUTH 20.00% 436 19.00% 415 18.00% 394
500 625
de Surveillance, however reported that CENTRAL 20.00% 432 19.00% 411 18.00% 390
exports fell 4.6% in the same time period. EAST COAST 20.00% 430 19.00% 410 18.00% 389 300 200
SABAH 22.00% 418 21.00% 399 20.00% 380 Jan 7, 2007 Feb 20, 2019 Jan 7, 2007 Feb 20, 2019
— Reuters SARAWAK 22.00% 424 21.00% 405 20.00% 386
 Markets
32 T HUR SDAY F EB RUARY 2 1 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

KLCI 1,726.18 19.62 FBM ACE 4,699.69 37.58 FTSTI 3,278.38 18.58 NIKKEI 21,431.49 128.84 HANG SENG 28,514.05 285.92 DOW JONES 25,891.32 8.07

Roots are not in landscape or a country, or a Market movers

people, they are inside you. — Isabel Allende
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 SAPNRG 561,325.7 0.015 4.84 0.325 — 2.44
('000) (%) (RM) (RM) (RM) (RM) SAPNRG-WA 200,531.9 0.005 5.00 0.105 — 0.00
Index point
1730.0 1,727.00 SAPNRG-WA 200,532 5.00 0.005 0.105 0.110 0.095 HIBISCS 103,683.9 0.030 2.86 1.080 5.68 0.00
1727.8 (+16.50) HIBISCS 103,684 2.86 0.030 1.080 1.110 1.060 HSI-H4Y 82,566.8 -0.020 -10.00 0.180 — 0.00
1725.6 HSI-H4Y 82,567 -21.74 -0.050 0.180 0.215 0.180 ARMADA 79,172.3 0.010 4.65 0.225 — 1.07
KLCI futures HSI-C3W 58,167 22.39 0.075 0.410 0.430 0.355 VS 73,146.4 0.070 7.53 1.000 10.79 4.15
1723.4 1,726.18
1721.2 KL Composite Index (+19.62) ECONBHD 46,301 7.37 0.035 0.510 0.520 0.480 HSI-C3W 58,167.2 0.025 6.49 0.410 — 0.00
HSI-H6F 37,704 -12.22 -0.055 0.395 0.445 0.390 ECONBHD 46,301.4 0.035 7.37 0.510 7.85 3.37
1719.0
HSI-C3V 34,449 25.00 0.030 0.150 0.155 0.125 HSI-H6F 37,703.8 -0.020 -4.82 0.395 — 0.00
1716.8
HSI-C5D 34,203 15.63 0.050 0.370 0.380 0.335 MRCB 37,140.9 0.035 4.46 0.820 14.20 2.23
1714.6 KAREX 33,197 5.75 0.025 0.460 0.460 0.435 INIX 34,513.0 0.005 4.76 0.110 — 0.00
1712.4 A50CHIN-C30 29,918 10.53 0.020 0.210 0.215 0.205 HSI-C3V 34,449.4 0.015 11.11 0.150 — 0.00
1710.2 HSI-H4X 27,270 -22.73 -0.025 0.085 0.105 0.075 HSI-C5D 34,203.4 0.015 4.23 0.370 — 0.00
1708.0 HIBISCS-WC 26,364 0.98 0.005 0.515 0.530 0.510 KAREX 33,197.1 0.025 5.75 0.460 54.38 1.15
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-H6C 26,220 -16.67 -0.045 0.225 0.245 0.220 FGV 33,126.3 0.070 5.79 1.280 — 4.34
NOVAMSC 20,651 12.00 0.015 0.140 0.140 0.120 KNM 31,956.2 0.010 9.52 0.115 — 0.00
Daily FBM KLCI FGV-C63 20,217 21.05 0.040 0.230 0.235 0.195 BARAKAH 31,373.2 UNCH UNCH 0.125 — 0.00
YONGTAI 17,440 4.23 0.015 0.370 0.375 0.355 A50CHIN-C30 29,917.8 0.005 2.44 0.210 — 0.00
VELESTO 29,763.5 0.025 10.64 0.260 — 0.00
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
MYEG 28,187.0 0.030 2.94 1.050 48.57 1.67
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,726.18 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(+19.62) market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,693.04
KLCI climbs 1.15% to four- UP
CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

month high on ECRL news

1425.0 NESTLE 150.000 1.500 DLADY 63.020 -0.360
F&N 35.900 0.900 HSI-H4U 0.445 -0.260
BAT 36.180 0.880 GENP 10.500 -0.100
1122.5
CARLSBG 23.740 0.600 RAPID 5.640 -0.100
KUALA LUMPUR: The FBM KLCI jumped 19.62 points or PPB 18.920 0.600 HSI-H6G 0.630 -0.080
820.0 1.15% yesterday on positive sentiment following gains on GENTING 7.500 0.310 BIPORT 4.430 -0.070
Jan 2, 2008 Feb 20, 2019
Wall Street overnight and news of a potential revival of the KLK 25.300 0.300 FPI 1.940 -0.070
East Coast Rail Link (ECRL) project. PETDAG 27.060 0.300 FBMKLCI-H6N 0.200 -0.070
900 The index closed at a four-month high of 1,726.18 after HENGYUAN 5.660 0.290 FBMKLCI-H6V 0.250 -0.065
HEIM 22.860 0.260 AJI 18.760 -0.060
hitting an intraday high of 1,727.25.
600 POS 2.200 0.250 TASCO 1.360 -0.060
Inter Pacific Securities research head Pong Teng Siew told PCHEM 9.150 0.250 WPRTS 3.940 -0.060
300 theedgemarkets.com that local funds were reacting to news
that Malaysia and China could come close to an agreement Top gainers and losers (ranked by%age)
0 in the reinstatement of the ECRL project, which immediately

 
Volume (’mil) drew attention back to the construction sector. UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Bursa Malaysia’s construction index grew 6.74 points or
FBM KLCI futures 3.68% to 189.93, making it the top gainer in percentage terms MRCB-C32 0.020 300.00 HSI-H4S 0.005 -87.50
HSI-C3U 0.060 200.00 FGV-C56 0.005 -83.33
CONTRACT SETTLEMENT CHANGE HIGH LOW
among the bourse’s indices.
POS-C28 0.015 200.00 SUMATEC 0.005 -50.00
FEB 19 1,727.00 16.50 1,723.00 1,703.50 “This is probably driven by the development that Malaysia DRBHCOMC64 0.010 100.00 FGV-C61 0.050 -50.00
MAR 19 1,721.50 17.00 1,714.00 1,696.50 and China would come to some kind of agreement which PGLOBE-WA 0.110 100.00 CONNECT-WA 0.030 -40.00
JUN 19 1,713.00 17.50 1,709.00 1,692.00
will be a big boost to the construction sector,” said Pong. AIRASIAC65 0.010 100.00 HSI-H4T 0.090 -40.00
Among the KLCI component stocks, Axiata Group Bhd HSI-C3T 0.065 85.71 HSI-H4U 0.445 -36.88
FBM KLCI sensitivity* was the top gainer, followed by Genting Bhd. Axiata closed TM-C34 0.040 60.00 JAG-WB 0.010 -33.33

KLCI CHANGE CLOSE VOLUME 20 sen or 4.87% higher at RM4.31, while Genting rose 31 sen POS-C30 0.095 58.33 BAT-CM 0.105 -32.26
POINTS (RM) (RM) ('000) POS-C29 0.070 55.56 FBMKLCI-H6H 0.075 -31.82
PETRONAS CHEMICALS 3.18 0.250 9.150 13707.1
or 4.31% to RM7.50. GEELY-C1 0.075 50.00 YINSON-CV 0.050 -28.57
GENTING 1.91 0.310 7.500 8380.8 Total turnover on Bursa was 3.82 billion shares worth POS-C33 0.225 50.00 FBMKLCI-H6N 0.200 -25.93
MAXIS 1.74 0.140 5.640 2313.9 RM3.27 billion. Gainers led losers by 724 to 252, while 346
PPB GROUP 1.36 0.600 18.920 3100.7 counters remained unchanged up 1.01%. Top gainers and losers - warrants (ranked by%age)
SIME DARBY PLANTATION 1.31 0.120 5.280 8695.6 Elsewhere in Asia, Japan’s Nikkei 225 grew 0.6%, South
CIMB GROUP 1.06 0.070 5.760 15608.3 UP CHANGE DOWN CHANGE
MAYBANK 0.70 0.040 9.520 22177.4
Korea’s Kospi rose 1.09%, while Hong Kong’s Hang Seng CLOSE (%) CLOSE (%)
HONG LEONG BANK 0.62 0.180 21.320 1537.3 Index was up 1.01%. — by Wong Ee Lin MRCB-C32 0.020 300.00 HSI-H4S 0.005 -87.50
NESTLE (M) 0.56 1.500 150.000 127.7
World equity indices HSI-C3U 0.060 200.00 FGV-C56 0.005 -83.33
TENAGA NASIONAL 0.54 0.060 13.380 8973.1 POS-C28 0.015 200.00 FGV-C61 0.050 -50.00
K.LUMPUR KEPONG 0.51 0.300 25.300 1891.1 CLOSE CHANGE CLOSE CHANGE DRBHCOMC64 0.010 100.00 CONNECT-WA 0.030 -40.00
IOI CORP 0.50 0.050 4.730 5507.6
DOW JONES 25,891.32 8.07 INDONESIA 6,512.78 18.12 PGLOBE-WA 0.110 100.00 HSI-H4T 0.090 -40.00
PETRONAS DAGANGAN 0.47 0.300 27.060 373.0
S&P 500 2,779.76 4.16 JAPAN 21,431.49 128.84 AIRASIAC65 0.010 100.00 HSI-H4U 0.445 -36.88
IHH HEALTHCARE 0.42 0.030 5.720 4395.9
NASDAQ 100 7,066.61 11.43 KOREA 2,229.76 24.13 HSI-C3T 0.065 85.71 JAG-WB 0.010 -33.33
DIGI.COM 0.37 0.030 4.720 6399.3
FTSE 100 7,179.17 -40.30 PHILIPPINES 7,939.24 105.49 TM-C34 0.040 60.00 BAT-CM 0.105 -32.26
PUBLIC BANK 0.37 0.060 25.060 4402.5
AUSTRALIA 6,096.50 -10.40 SINGAPORE 3,278.38 18.58 POS-C30 0.095 58.33 FBMKLCI-H6H 0.075 -31.82
SUB-TOTAL 15.61
CHINA 2,761.22 5.57 TAIWAN 10,272.46 120.20 POS-C29 0.070 55.56 YINSON-CV 0.050 -28.57
OTHERS 4.01
HONG KONG 28,514.05 285.92 THAILAND 1,645.38 9.67 GEELY-C1 0.075 50.00 FBMKLCI-H6N 0.200 -25.93
GRAND TOTAL 19.62
INDIA 35,756.26 403.65 VIETNAM 970.58 6.23 POS-C33 0.225 50.00 SP500-HF 0.045 -25.00
* How stock price changes affected the index on the previous trading day

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