FBM KLCI 1771.23 8.22 KLCI FUTURES 1769.00 13.00 STI 3215.70 3.83 RM/USD 4.2960 CPO RM2439.

0 3.83 RM/USD 4.2960 CPO RM2439.00 3.00 OIL US$46.57 0.08 GOLD US$1251.80 6.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY JUNE 29, 2017 ISSUE 2439/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
U Mobile ends network sharing
agreement with Maxis
4 HOME BUSINESS

4 HOME BUSINESS

SC partners with
Aussie regulator
to drive fintech
6 HOME BUSINESS

Bumi Armada
climbs after striking
first oil on Armada
Kraken O
M N R E
TpHroA
7 HOME BUSINESS

perty
AirAsia X set

y
on returning to

rt .com a
portal

ro e
Adelaide market,

p
Fernandes hints

P
eEdge
18 C O M M E N T

Why investors

Th
shy away from
Saudi Arabia
21 W O R L D
S . LISTIN
G S . D ATA
. A N A LY T I C
S

Miranda Kerr E W LIKELIHOOD

L AUNC
H E
OF HIGHER JOBLESS JOBLESS R
RATE
ATE
returns jewelleryN E W S . N
gifted in alleged MAY SEE MORE
MORE LOAN DEFAULTS
LOAN DEFAULTS S&P.
Malaysian scheme SAMANTHA
SAMANTHA HO HAS THE STORY ON PAGE 5.
22 L I VE I T !

How Hawaiian
street ffood
d
took over takeout
Hong Kongs second board plumbs
record lows amid market jitters PA G E 2

There is no mystery
about a Girard-Perregaux,
simply more than two centuries of craftsmanship
and a perpetual commitment to perfection.

LAUREATO, STEEL CASE, 41 MM, LIMITED EDITION OF 225 PIECES

 FBM KLCI 1771.23 8.22 KLCI FUTURES 1769.00 13.00 STI 3215.70 3.83 RM/USD 4.2960 CPO RM2439.00 3.00 OIL US$46.57 0.08 GOLD US$1251.80 6.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY JUNE 29, 2017 ISSUE 2439/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
U Mobile ends network sharing
agreement with Maxis
4 HOME BUSINESS

4 HOME BUSINESS

SC partners with
Aussie regulator
to drive fintech
6 HOME BUSINESS

Bumi Armada
climbs after striking
first oil on Armada
Kraken
7 HOME BUSINESS

AirAsia X set
on returning to
Adelaide market,
Fernandes hints
18 C O M M E N T

Why investors
shy away from
Saudi Arabia
21 W O R L D

Miranda Kerr LIKELIHOOD OF HIGHER JOBLESS RATE

returns jewellery
gifted in alleged MAY SEE MORE LOAN DEFAULTS S&P.
Malaysian scheme SAMANTHA HO HAS THE STORY ON PAGE 5.
22 L I VE I T !

How Hawaiian
street food
took over takeout
Hong Kongs second board plumbs
record lows amid market jitters PA G E 2

There is no mystery
about a Girard-Perregaux,
simply more than two centuries of craftsmanship
and a perpetual commitment to perfection.

LAUREATO, STEEL CASE, 41 MM, LIMITED EDITION OF 225 PIECES

2 T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
HKs second board
plumbs record lows
This is as investors race to reduce exposure to plunging penny stocks
BY DONNY KWOK & MICHELLE PRICE
HONG KONG: Hong Kongs second
board plumbed record lows yester-
day, having lost more than 8% of its
market value the previous day as
investors raced to reduce exposure
to plunging penny stocks.
Shares leading the declines on
Hong Kongs Growth Enterprise
Market (GEM) had been included
in a report by activist shareholder
David Webb six weeks ago entitled
The Enigma Network: 50 stocks
not to own.
Hao Wen Holdings was the big-
gest loser yesterday, with its shares
down 56%. The second-biggest los-
er was WLS Holdings, off 41%, while
Greaterchina Professional Services
Ltd plunged a further 34% after its
93% plummet on Tuesday. Nearly
all of the 50 stocks in Webbs report
fell yesterday.
GEMs Benchmark Index dropped
0.8%, after losing nearly 10% on Tues-
day in a sell-off that wiped HK$24
billion (RM13.23 billion) off market
value, leaving it at HK$268 billion.
Yesterday, a Securities and Fu-
tures Commission (SFC) spokes-
man declined to comment on
whether the regulator was investi-
UK supermarket Tesco to axe
another 1,200 jobs
LONDON: Supermarket giant Tesco
yesterday announced plans to cut
1,200 of its head office positions
as part of ongoing cost-cutting at
Britains biggest retailer.
We anticipate reducing our
number of roles in the [head] of-
fice by around 25%, or 1,200 roles
at the groups offices in Hatfield and
Welwyn Garden City, a company
spokesman told AFP.
He added: Today (yesterday) we
have shared with colleagues across
Tesco changes that we plan to make
to the way we operate our business.
This is a significant next step
to continue the turnaround of the
business.
Monsanto prot tops expectations as soybean sales surge
BY YASHASW INI SWAMY NATHAN
BENGALURU: Seeds and agrochem-
icals company Monsanto Co, which
is being bought by Germanys Bayer
AG, reported a stronger-than-ex-
pected quarterly profit yesterday
as record US and Brazilian soybean
plantings lifted seed sales.
The St Louis-based company
reaffirmed its ongoing earnings
per share target and raised its gross
gating any of the companies in what
Webb called a network. The stocks
which have experienced large price
declines yesterday occupy a market
segment characterised by thin turn-
over, small public floats, high share-
holding concentrations, and multi-
ple relationships between different
companies and listed brokerage
firms, the SFC said in a statement.
These characteristics can be es-
pecially conducive to extreme vola-
tility and also to market misconduct.
Yesterday, Webb told Reuters it
was unclear what caused the sell-
off in Enigma Network stocks. I
can only speculate, but its possible
margin calls have been triggering the
sell-off its possible the brokers in-
volved have been told to stop lending
against those shares, he said. May-
be the people operating the network
have decided to dump and run.
Another stock on Webbs list
was umbrella-maker China Jicheng
Holdings Ltd, whose shares plunged
more than 90% on Tuesday and
gained 6% yesterday.
Financial services firm Lerado
Financial Group Co Ltd, which had
trading of its shares suspended this
month and is also on Webbs list,
said yesterday it sold HK$24.96
Tesco is undergoing vast
cost-cutting under chief executive
officer Dave Lewis and last week
revealed plans to axe 1,100 jobs
with the closure of a call centre in
the Welsh capital Cardiff.
Lewis was parachuted into Tesco
in July 2014 in a bid to turn around
its fortunes at the group, which
posted a record loss in 2014/2015.
He has since launched a deep
cost-cutting drive and sold a se-
ries of assets.
Over the past three years we
have been making changes to im-
prove the way we serve our shoppers
better and are seeing good progress,
the spokesman added yesterday.
profit outlook for its seeds and
genomics unit, which sells seeds,
licenses biotech traits and sells
farm data services.
Record soybean seedings in the
US and Brazil, the worlds top two
producers of the oilseed, were a
boon for the worlds largest seed
company.
Sales of soybean seeds and traits,
the companys second-biggest busi-
ness by revenue, jumped 29.3% to
For breaking news updates go to
www.theedgemarkets.com
million of shares in China Jicheng.
The securities regulator on June
6 halted trading in Lerado, alleging
the company had issued mislead-
ing statements. Lerado has said it
is seeking legal advice.
China National Culture Group
Ltd said yesterday it offloaded 1.63
billion shares in China Jicheng on
Tuesday to raise HK$34.85 million,
while QPL International Holdings,
another stock on Webbs list, said
it sold HK$1.99 million worth of
the umbrella-makers shares. All
three firms said they sold China
Jicheng at a loss because its stock-
price was extremely volatile. Amco
United, another stock on Webbs
list, plunged nearly 50% yesterday.
Hong Kongs second board has
seen high levels of volatility due to
very concentrated shareholdings,
and concerns have grown over the
quality of companies listed there.
Authorities have issued several
warnings over concentrated share-
holdings and this month launched
a consultation to address this prob-
lem which would include raising
the minimum market capitalisation
by 50% to HK$150 million and in-
creasing the cash flow requirement
for initial listings. Reuters
However, the retail environ-
ment remains challenging.
We have already responded by
making changes to simplify the way
we operate our stores and distribu-
tion, and now we are introducing
further changes to improve the way
we run our office.
Tesco is the worlds third-biggest
supermarket chain after Frances
Carrefour, with US giant Wal-Mart
in the No 1 spot.
Lewis warned earlier this month
that Tesco faced tough market
conditions in Britain, as soaring
inflation had resulted in higher
shop prices and squeezed con-
sumer spending. AFP
US$896 million (RM3.85 billion)
in the third quarter ended May 31,
Monsanto said yesterday.
Monsanto said yesterday it was
working toward the completion of
the merger by the end of the calen-
dar year. Bayer said last month it
would sell its LibertyLink-branded
seeds businesses, a key part of the
asset sales required to satisfy com-
petition authorities looking at the
Monsanto deal. Reuters
IN BRIEF
Ex-police chiefs charged
over 1989 Hillsborough
stadium disaster
LONDON: Prosecutors yester-
day announced criminal charg-
es against six people including
ex-police chiefs over the 1989
Hillsborough soccer stadium
crush where 96 fans died, Brit-
ains worst sporting disaster.
Police at first blamed the trag-
edy on drunken fans, an expla-
nation that was always rejected
by the victims families and the
wider Liverpool community.
Relatives spent decades cam-
paigning for justice for the 96.
The most high-profile defendant
is former police chief superin-
tendent David Duckenfield, who
was in charge of police opera-
tions at Hillsborough on the day
of the disaster. He is charged
with manslaughter. Reuters
McConnell scrambles
to win Republican votes
on troubled health bill
WASHINGTON: Senate Majority
Leader Mitch McConnell may
have bought himself some time
by delaying a vote on his embat-
tled healthcare bill, but he faces
a difficult and narrow path in try-
ing to deliver on seven years of
promises to repeal Obamacare.
After McConnells decision on
Tuesday to postpone a planned
vote until mid-July, Republican
leaders plan to spend the next
few days haggling over changes
to his draft healthcare bill, which
isnt even a week old. The goal:
to reach a deal by tomorrow so
the Congressional Budget Office
can scrutinise it over the July 4 re-
cess, senators said. Bloomberg
Strollers, TVs among
lost and found items
at KLIA
SEPANG: Strollers and flat
screen televisions (TVs) are
among lost and found items
piling up at the Malaysia Air-
ports Holdings Bhds (MAHB)
store at the Kuala Lumpur In-
ternational Airport (KLIA). Our
store keeps expanding because
of the lost and found items, said
Malaysia Airports (Sepang) Sdn
Bhd senior general manager
Zainol Isa. He did not rule out
the possibility that some pas-
sengers intentionally leave their
belongings behind because they
know MAHB would keep the
items for some time before dis-
posing of them. Bernama
North Korea calls for
Parks execution over
assassination plot
SEOUL: North Korea said yes-
terday it has issued a standing
order for the execution of former
South Korean president Park
Geun-hye and her spy chief for a
plot to assassinate its leader. The
Norths official Korean Central
News Agency did not disclose
the revelations source but a
Japanese newspaper reported
this week that Park in 2015 ap-
proved a plan to overturn the
North Korean regime of leader
Kim Jong-un. Park was ousted in
March over a corruption scan-
dal and is in detention while on
trial. Reuters
4 HOME BUSINESS
U Mobile ends
network sharing
deal with Maxis
The termination will take place in stages over 18 months
BY C H E ST ER TAY
KUALA LUMPUR: Maxis Bhd seems
to have lost a cash cow, namely U
Mobile Sdn Bhd, that pays RM300
million or more a year to piggy-
back on its 3G radio access net-
work (RAN).
Yesterday, Maxis, which has the
second-largest mobile phone sub-
scriber base, announced that U
Mobile has decided to stop using
its 3G RAN moving forward.
In an announcement to Bur-
sa Malaysia, Maxis said its whol-
ly-owned subsidiar y Maxis
Broadband Sdn Bhd received a
termination letter from U Mobile
in relation to the Network Sharing
and Alliance Agreement (NSA) dat-
ed Oct 21, 2011.
Maxis said the termination is a
convenience option available to
U Mobile under the NSA. The ter-
mination will take place in stages
over a period of 18 months with
completion on Dec 27, 2018.
It is understood that U Mobile is
not obliged to compensate for ter-
minating the NSA as the company
has an option to review the NSA af-
ter five years from the agreements
commencement date. The tenure
of the agreement is 10 years with
an option to extend for another
two years.
The termination came shortly
after Maxis announced a sizeable
private placement of 300 million
shares at RM5.52 apiece to raise
RM1.66 billion last week.
Maxis noted that the termina-
tion is not expected to have a ma-
terial effect on its earnings for the
current financial year ending Dec
31, 2017 (FY17).
For FY16, Maxis net prof-
it grew 15.8% to RM2.01 billion
from RM1.74 billion in FY15, while
revenue increased marginally to
RM8.61 billion, from RM8.6 billion
a year ago.
SC partners with Aussie regulator to drive fintech
BY A D EL A MEGA N WI L LY
KUALA LUMPUR: The Securities
Commission Malaysia (SC) entered
into an Innovation Cooperation
Agreement with the Australian Secu-
rities and Investments Commission
(ASIC) yesterday to further promote
innovation in financial services in
their respective markets.
In a statement yesterday, SC said
based on the agreement, it will work
closely with ASIC to share informa-
U Mobile paid RM200 million to
RM300 million for the RAN sharing
service in FY15, U Mobile chief ex-
ecutive officer Wong Heang Tuck
told The Edge Malaysia weekly in
an interview last month. Then, he
expected the bill to be higher for
FY16 and FY17 as U Mobiles sub-
scriber base has grown further.
Back then, Wong said the com-
pany needed to explore all alterna-
tives to keep costs optimal as U
Mobile has grown to a size where
it has to evaluate all options.
U Mobile contributed RM335
million to Maxis revenue for FY16,
according to Kenanga Research tel-
ecoms analyst Cheow Ming Liang.
For FY17, the impact is going to
be minimal, but it can be material
moving forward. Assuming the fee
to be stagnant at FY16s level, that
would be almost RM1 billion from
FY19 through FY21, he explained.
U Mobile has been spending
up to RM1.5 billion annually on
average over the past five to six
years. With the new spectrum avail-
able to them, they may find it more
cost-effective to do it on their own.
It is always more efficient when the
network is under control in your
own hands, Cheow added.
By the same token, Cheow said
the termination allows
Maxis to free up some
of its capacity to of-
fer a better-quality
network to its sub-
scribers.
Wong says U Mobile
has been evaluating the
matter for quite some
time and the decision
was made last Friday.
The Edge le photo
tion on emerging trends and regu-
latory issues in digital finance, with
both regulators facilitating referrals
of innovative businesses seeking to
operate in each others jurisdictions,
as well as explore potential joint
innovation projects relating to the
application of new technologies.
SC chairman Tan Sri Ranjit Ajit
Singh, who signed the agreement
with ASIC chairman Greg Med-
craft on the sidelines of the Salz-
burg Global Seminar on Finance,
U Mobiles usage is getting
higher over the years, so with this
termination Maxis network will
not be so stressed, he said.
JF Apex Securities Bhd senior
analyst Lee Cherng Wee concurred,
adding that U Mobiles move to
terminate the RAN sharing came
as a surprise.
Maybe they have invested
enough capital expenditure to build
their own network. But this is the
way forward for them to grow and
compete with the Big Three (Maxis,
Celcom Axiata Bhd and DiGi.Com
Bhd), he commented.
Wong told The Edge Financial
Daily through a mobile text mes-
sage that the company has been
evaluating the matter for quite
some time and the decision was
made last Friday.
U Mobile was seen as a winner
in the Malaysian Communications
and Multimedia Commissions
spectrum reallocation exercise
last year, where it was allocated
2x5MHz of the 900MHz frequen-
cy and 2x15MHz of the 1,800MHz
frequency for 15 years effective July
1 this year. The spectrum used to
belong to Maxis and Celcom.
Before this, U Mobile only
had the higher spectrum band of
2,100MHz and 2,600MHz, which
was great for high-speed data
carriage but did not have as
wide a coverage area com-
pared with 900MHz and
1,800MHz.
Another telecoms an-
alyst, who declined to be
named, said it is unlikely that
U Mobile will enter into an-
other NSA with other
telcos.
said the agreement is an impor-
tant milestone for Malaysias dig-
ital finance sector and a positive
development for innovative fintech
businesses seeking to expand and
reach greater scale.
As part of its digital agenda, SC
has been introducing regulations
and initiatives such as equity crowd-
funding, peer-to-peer financing,
digital investment management
services, and also launched the Al-
liance of FinTech Community to
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
EDITORS PICKS FROM
theedgemarkets.com
Magni-Tech plans higher dividend
after prot doubled in 4Q
BY A D E L A MEG A N W IL LY
KUALA LUMPUR: Magni-Tech
Industries Bhds net profit in
the fourth quarter ended April
30, 2017 (4QFY17) doubled to
RM38.5 million from RM18.84
million a year earlier, mainly
because it recorded higher gar-
ment sales and benefited from
favourable foreign exchange (fo-
rex) rates.
The group plans to pay divi-
dend of seven sen per share for
FY17, comprising a final divi-
dend of three sen and a special
dividend of four sen. The special
dividend is two sen higher than
FY16s, mainly due to the en-
couraging financial performance
of the group, it told Bursa Ma-
laysia yesterday.
This brings its total FY17
payout to 23 sen, from 18 sen
in FY16.
Meanwhile, its quarterly re-
sults showed a 54.5% jump in
revenue to RM299.65 million
from RM193.99 million a year
ago, mainly due to a 66.6% jump
in its garment segmental reve-
nue, thanks to higher sales or-
ders and favourable forex rates.
Consequently, the garment
segments profit before tax (PBT)
surged 95%, which the group
also attributed to ongoing pro-
Tiger Synergy active ahead of
signing with govt-supported entity
BY S A MA N T H A H O
KUALA LUMPUR: Shares in Tiger
Synergy Bhd saw active investor
interest ahead of a signing cer-
emony with a government-sup-
ported entity scheduled for today.
The property developers
shares, which dipped one sen to
5.5 sen per share earlier in the
day before closing unchanged at
6.5 sen yesterday, saw some 24.57
million shares traded. In compari-
son, their 200-day average volume
was around 8.78 million shares.
The stock, which has a market
capitalisation of RM95.68 million,
was the fifth most active stock on
the local exchange yesterday. Year
engage with the growing financial
technology community in Malaysia.
Even as we continue to enable
new forms of innovation in capital
markets, we must not lose sight of
the need to manage digital risks,
by taking a strategic approach to
risk management, recruiting digi-
tal talent and improving IT (infor-
mation technology) architectures,
Ranjit said.
This collaboration between SC
and ASIC in digital finance will fur-
ductivity improvements.
As for the packaging segment,
revenue slipped 6.9% after its
99.64%-owned South Island
Packaging (Penang) Sdn Bhd
(SIPP) ceased its business in
4QFY17. However, after cred-
iting the reversal of over-provi-
sion for SIPPs staff benefits and
business closure costs totalling
RM491,000, PBT grew 34.1%.
Had there been no such re-
versal, packaging PBT would
have increased by 9.2% com-
pared with 4QFY16 mainly due
to higher gross profit margin and
other operating income, Mag-
ni-Tech said.
For the full financial year end-
ed April 30, 2017 (FY17), net prof-
it came in at RM120.1 million,
up 46.3% from RM82.11 million
in FY16, while revenue climbed
33.5% to RM1.14 billion from
RM854.07 million in FY16.
Moving forward, the group
said the manufacturing and
sales of garments will still be its
major revenue contributor, and
maintains a cautiously positive
outlook for the next financial
year amid the global economic
uncertainty.
Both the garment and pack-
aging businesses are expected
to remain profitable for the next
financial year, it said.
to date, it has climbed 44.44%.
According to the companys
event invitation, the ceremony
will involve the participation of
an established government-sup-
ported entity to spearhead the
development of affordable homes
and schemes.
Through this corporate ex-
ercise, Tiger Synergy is expected
to significantly boost its earnings
visibility, the invitation read.
In its nine months ended
March 31, 2017, Tiger Synergys
net loss widened to RM8.56 mil-
lion from RM2.66 million in the
same period a year ago, as reve-
nue shrank 36% to RM5.23 million
from RM8.21 million.
ther strengthen the cooperative ar-
rangements between Malaysia and
Australia in capital market devel-
opment and regulation, he added.
International cooperation on
fintech is essential. This agreement
will help local businesses grow be-
yond our borders, and improve our
understanding of fintech in the re-
gion. We look forward to working
more closely with our colleagues
at the Malaysian Securities Com-
mission, said Medcraft.
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Non-performing
loans to rise S&P
This is in anticipation of overnight policy rate hike
BY S AM A N T HA H O
KUALA LUMPUR: Malaysian banks
may see an uptick in non-perform-
ing loan (NPL) ratio as Bank Nega-
ra Malaysia (BNM) is expected to
raise its overnight policy rate (OPR)
twice by end-2018.
Furthermore, the likelihood of
a higher unemployment rate may
result in more loan defaults, accord-
ing to S&P Global Ratings.
The rating agency anticipates a
25-basis point (bps) hike in OPR by
end-December and another 25bps
next year, bringing the rate to 3.5%
a move to catch up with inter-
est-rate normalisation in the US.
The rate hikes are expected to
lead to a higher NPL ratio among
local banks to between 1.8% and
2%, up from a near-historical low
of 1.6%, said S&P financial institu-
tions ratings director Ivan Tan in a
conference call yesterday.
Among local banks, Malayan
Banking Bhd, CIMB Bank Bhd and
RHB Bank Bhd have been among
those which have seen increases
in NPL ratio since 2015 (see chart).
In terms of asset quality, Malay-
sia has been better than its regional
peers in Asean except for Singapore
(see chart), Tan noted. Nonetheless,
he warned that oversupply in the
commercial property market and a
weak oil and gas (O&G) sector will
remain as downside risks to the
asset quality of Malaysian banks.
Tan also cautioned that the
low-interest rate environment has
helped lift the indebtedness of cor-
porations and households, which
is among the highest in the region.
The household debt-to-gross
domestic product (GDP) ratio was
88.4%, while corporate debt was
Malaysian stock valuations not as rich as the US analysts
BY C H E STER TAY
KUALA LUMPUR: US Federal Re-
serve (Fed) chair Janet Yellen com-
mented that stock valuations are
somewhat rich in the US, which
market rally has started since early
2009. But it isnt the case on Bur-
sa Malaysia, according to local
analysts and fund managers here.
Pacific Mutual Fund Bhd chief
executive officer Teh Chi-cheun
does not rule out the possibility
of a correction in the local bourse,
but he stresses that any correction
would just be for the bulls to take
a breather.
It would be a bull market cor-
rection, he said.
Va l u a t i o n o n [ a ] P E
(price-earnings) basis is on the
Non-performing loans in Asean
(NPL in %)
3.5
3 tor as a whole. So, there is a clear
2.5
2 taken place at a very slow pace.
1.5
1
0.5
0
2012 2013
Source: S&P Global Ratings
Impaired loans in Malaysian banks
(NPL in %)
3.5
3 synergies between the banks are
2.5
2
1.5
1
0.5
0
Maybank CIMB Public Bank
Group*
Note that S&P Global Ratings doesnt have a rating assigned to CIMB Group but CIMB Bank;
the group data is illustrated here for better peer comparison purposes.
Source: S&P Global Ratings
about 110% of GDP in Malaysia.
Any increase in the jobless rate
could lead to a rise in household
NPL, said Tan, citing the example
of bank mergers which would result
in retrenchments due to overlaps
in certain segments.
Theres this vulnerable house-
hold sector that is currently earning
RM3,000 a month or less those
will be very sensitive to increases
in interest rates, he noted, adding
that the group makes up some 12%
of banking system loans currently.
The good news is that there has
high side for the US. [FBM] KLCI
closed at 1,641.73 points at end-
2016. Now at 1,771.23 points, it
has been up close to 8%, [so] ours
is only a little on the high side.
Our view is that there will be a
correction, but it is a bull market
correction, he said via a mobile
text message yesterday.
Meanwhile, Hong Leong In-
vestment Bank head of research
Sia Ket Ee told The Edge Financial
Daily that the local equity market
is still rational and in line with
fundamental valuations.
It is very rare for a central bank
to comment on market [valuation],
but we can see where the concern
[is] coming from. The US market
has been rallying since Novem-
ber last year after elections, so the
Singapore Malaysia Indonesia
Thailand Philippines
2014 2015 2016*
2015 2016 1Q2017 
RHB Bank AmBank (M) BNM sector-
wide
been a very small decline in the
household debt-to-GDP [ratio] in
the last one year. Where Im getting
my comfort from is not the fact that
it has come down, but the fact that
there has been a change in trend,
which is positive for the household
sector as a whole, Tan explained.
The household debt-to-GDP
ratio contracted last year, the first
time since 2010.
Meanwhile, S&Ps financial
ratings associate Nancy Duan ob-
served that Malaysian banks are
becoming more cautious about
market actually ran ahead as in-
vestors were expecting pro-growth
Trump policies.
But if we look at the US now,
some of these policies may be dis-
counted in reality from what it was
proposed, said Sia.
He pointed out that over the
same period, the FBM KLCI did
not rally in a big way.
[The] Malaysian economy is in
recovery mode in 2017. Corporate
earnings have been commenda-
ble so far, but our market has not
gone up a lot. It is still quite in line
with the fundamentals, trading at
about 16 times one-year forward
PE, Sia explained.
As long as corporate earnings
continue to support, although it
is expected to moderate, there is
HOME BUSINESS 5
B A N K I N G S E C T O R C O N S O L I D AT I O N
FA C E S M A N Y S T U M B L I N G B L O C K S S & P
BY ANE TT E A PPA D UR AY
KUALA LUMPUR: Despite the
need for consolidation, the Ma-
laysian banking sector faces many
stumbling blocks which impede
merger and acquisition efforts,
such as misaligned revenue syner-
gies and expensive merger pricing,
says S&P Global Ratings.
We have a saturated banking
sector, said the agencys financial
institutions ratings director Ivan
Tan. There are a lot of cannibal-
isation and duplication in the sec-
need for consolidation, which has
Tan said the sectors net inter-
est margins have been trending
downwards consistently for the
last five or six years, adding that
profitability has been declining.
Speaking on a conference call
on the Malaysian banking sec-
tor held by S&P yesterday, Tan
said banks recognise the need for
consolidation, but no one wants
to consolidate because revenue
usually not clear.
As the businesses of the banks
lending to the commercial proper-
ty market. We have seen the loan
approval rate for the segment drop
by almost half, Duan said during
the conference call.
We dont think the stress has
been translated into the overall
NPL yet, she added.
The slowdown in the O&G sec-
tor, she noted, may continue to
see companies reducing corpo-
rate borrowings, while the pool
of corporate deposits has fallen.
As a result, impaired loans and
credit costs are expected to rise
further, Duan said.
For Malaysian banks, loan growth
in 2017 is expected to be 5% to 6%,
driven by demand for affordable
housing, small and medium en-
terprises, and corporate loans for
infrastructure projects, Duan said.
However, banks will suffer from
higher credit costs that are expect-
no concern over the local market,
he added.
Yellens public remarks have
been closely watched, especial-
ly after recent interest rate hikes
and the Feds plan to reduce the
size of its balance sheet as the US
unemployment rate fell to a 16-
year low of 4.3% in May this year.
It is worth noting that the Dow
Jones Industrial Average rallied
from below 7,000 points back in
February 2009 to an all-time high
of 21,528.99 on June 20.
Meanwhile, the FBM KLCI
climbed from 929 points to a re-
cord high of 1,892.65 points on
July 8, 2014. The benchmark in-
dex closed at 1,771.23 yesterday,
down 8.22 points from last Fri-
days closing.
are similar, there would likely be
closure of duplication which would
be more beneficial for cost-cutting
as opposed to a clear revenue syn-
ergy, he said.
Most of the banks business
lines are the same, so there will
be potential branch closures and
headcount reductions. So, the syn-
ergies will involve more [cost-cut-
ting] through the reduction of
headcount, which is not an easy
task to execute politically, as this
would also increase unemploy-
ment levels, he added.
Tan also cited the expensive
pricing of mergers, the extensive
restructuring and retrenchments
to extract synergies, as well as
capital impairments from good-
will as potential hurdles for con-
solidation.
On the proposed merger be-
tween AMMB Holdings Bhd and
RHB Bank Bhd, Tan said although
he is not very positive about the
revenue synergies, it will likely be
positive for the industry as a whole
depending on the terms of the
agreement as it could reduce
cannibalisation and create a more
efficient banking system.
ed to further stress the banks profit
margin, she added.
Malaysian banks in general
[have focused on] protecting their
bottom line, but we do have our
doubts about how sustainable this
approach can be in the future. The
banks need to grow, and they have
constant requirements to invest in
compliance and technology.
For example, the recent [RHB-
AMMB Holdings Bhd] merger will
lead to a spike in compensation
costs. This all will [add] downside
risks to earnings forecasts. We
are not very optimistic about the
[banks] earnings performance,
Duan commented.
In an earlier report, the global
rating agency said it expected full-
year profitability for local banks to
remain sluggish on a weak energy
sector, subdued global demand
and tightened domestic spending.
Malacca Securities head of re-
search Victor Wan opined that the
Malaysian market is likely to stay
elevated in the near term.
I wouldnt say a correction is
coming soon. The market would
stay elevated while waiting for cor-
porate earnings to catch up that
is the biggest caveat. [Corporate
earnings in the] first quarter were
quite firm; I think we have to wait
for one or two quarters for some
improvements in corporate earn-
ings, he said.
But overall, the economy en-
vironment is better as compared
with last year; key markets globally
have seen their GDP (gross do-
mestic product) improved better
than what was initially expected,
he added.
6 HOME BUSINESS
Bumi Armada climbs on
Armada Kraken first oil
The development is a important milestone for the company, says CEO
KUALA LUMPUR: Offshore energy
facilities and services provider Bumi
Armada Bhds shares climbed as
much as 6.25% yesterday after it an-
nounced its Armada Kraken floating
production storage and offloading
(FPSO) has achieved first oil in the
Kraken field in the UK North Sea.
Achieving first oil on the Arma-
da Kraken FPSO is an important
milestone, as we work to deliver
oil to our clients, EnQuest plc and
Cairn Energy plc, and work towards
receiving the charter income for
Bumi Armada, said Bumi Armada
chief executive officer Leon Har-
land in a statement yesterday.
Bumi Armadas shares climbed
4.5 sen to 76.5 sen before paring
some gains to settle at 75 sen yester-
day, still up three sen or 4.17% from
Sapura Energys unit completes
subsea oil wells job in Australia
BY A D EL A MEGA N WI L LY
KUALA LUMPUR: Sapura Energy
Bhds wholly-owned Australian
unit Sapura Energy Australia Pty
Ltd has completed the Shell Prel-
ude Light Well Intervention (LWI)
Campaign-Plug Removal Activity
for Shell Australia Pty Ltd in West-
ern Australia.
In a statement yesterday, Sapu-
ra Energy said the subsea oil wells
operation activity, which was part
of the Shell Prelude Floating Liq-
uefied Natural Gas Project in the
Browse Basin in Western Australia,
was completed on June 16 this year.
Awarded in June 2016, the cam-
paign marks the first official pro-
ject for Shell in Australia and is the
first of the five-year call-off service
agreement to supply an integrated
service solution for LWI equipment
and services enabling cost-effective
LKL International back in the black in 4Q despite lower revenue
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: Healthcare fur-
niture and equipment manufactur-
er LKL International Bhd posted
a net profit of RM215,000 for its
fourth quarter ended April 30, 2017
(4QFY17), compared to a net loss
of RM612,000 for 4QFY16.
The group, which was listed on
May 16 last year, saw its revenue drop
34.6% to RM6.1 million from RM9.3
million in 4QFY16 because of lower
revenue generated from its medical/
healthcare beds segment due to the
economic slowdown generally.
The local market continued
its last close, valuing it at RM4.46
billion. It was the third most active
stock on Bursa Malaysia, with 28.75
million shares traded.
With the first oil struck, produc-
tion rate is now being increased in a
phased manner, and the FPSO will
be further commissioned for final
acceptance, said Bumi Armada.
In a note yesterday, CIMB Re-
searchs Raymond Yap said the first
oil from the FPSO is a significant
milestone that will reduce Bumi
Armadas risk premium. As Bumi
Armada had provided for com-
pensation payments up to July 15
in the best-case scenario, we esti-
mate Bumi Armada can write back
up to US$5.3 million (RM22.79
million) in provisions that were
earlier made in the fourth quarter
intervention operations.
The LWI work, which involved
the retrieval of eight suspension
plugs from seven wells in the Prel-
ude field, was performed by Sapura
Energys intervention vessel, known
as the Sapura Constructor, which is
equipped with the Riserless Light
Well Intervention (RLWI) system
including the recently upgraded
subsea intervention device and
intervention compensation system.
The RLWI system enables work to
be performed on subsea wells with-
out the use of a conventional drill rig
and offers significant cost savings and
easier mobilisation compared to a rig-
based solution, Sapura Energy said.
The scope of the LWI work was
also executed in collaboration with
Total Marine Technology Pty Ltd, an-
other Australian subsidiary of Sapu-
ra Energy, which was responsible
for managing the equipment used
to contribute a significant portion
amounting to RM4.1 million or
about 67% of the groups total rev-
enue, said the ACE Market-listed
group in a filing with Bursa Malaysia.
For the full FY17, net profit rose
37% to RM4.5 million from RM3.3
million from FY16, while revenue
dipped 8.8% to RM33.9 million from
RM37.5 million.
LKL said it remains cautious-
ly optimistic about its future per-
formance despite the challenging
business and operational environ-
ment, and would continue to look
for new growth opportunities in
local and export markets.
of 2016 (4Q16), he said.
The research house earlier esti-
mated the Armada Kraken FPSOs
firm charter period to start on Jan
1, 2018, which Yap acknowledged
now was a conservative target as the
Kraken field operator, EnQuest, had
disclosed it expected to produce
oil from the Kraken field during
the second half of 2017.
He now expects commencement
of the firm charter period for the
FPSO to happen during 4Q17 and
be another catalyst to the stock price.
Meanwhile, Yap believes Bumi
Armada may have to make a cash
call to raise RM1 billion to reduce
the size of its short-term debt. It
may need another RM1 billion
if it wins the bid to supply an
FPSO for ONGCs KG-DWN-98/2
for the project as well as upgrading
the equipment in compliance with
the most stringent Shell specifica-
tions, the International Standards
Organisation, American Petroleum
Institute and Norsok 10D standards.
Under the same five-year call-off
agreement, Sapura Energy Australia
is currently working on Shell Aus-
tralias LWI campaign Wellhead
Retrieval Activity, which involves
the severance and retrieval of sev-
en wellheads.
The decommissioning work
is being executed with the AXE
severance system, a high-pressure
water jet cutting system designed
for the environmentally friendly
removal of subsea wellheads that
removes the need for explosives
or rig-based mechanical cutting
tools, said Sapura Energy.
The project is scheduled for
completion in July, it added.
The group said its fully auto-
mated computer numeric control
(CNC) punching machine, acquired
and installed in 3QFY17, is fully
operational whereas its CNC laser
tube machine is expected to be op-
erational in 2QFY18.
These machines will increase
the operations efficiency and pro-
cess accuracy with less wastages,
and reduce dependency on manual
labour, it added.
LKL said its joint venture with TMI
Solutions (Pvt) Ltd to distribute sev-
eral Nihon Kohden products started
in 1QFY18 and is expected to con-
tribute positively to its performance.
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
project in India, he said.
He said a rights issue may hap-
pen only after all of Bumi Armadas
assets are producing and only in
conjunction with other options,
such as private placements and
asset sales, which would reduce
the impact of a dilutive rights is-
sue. The key downside risk is the
possibility of a larger-than-expected
rights issue, he added.
As for the commercial bid for
ONGCs KG-DWN-98/2 project,
it will be around August, he said,
with the expression of interest and
pre-qualification due by the third
week of July.
Given that Bumi Armadas Indi-
an partner, the Shapoorji Pallonji
Group, currently has two FPSO con-
tracts with ONGC, he said ONGC
Alibaba spending US$1b to raise
stake in Southeast Asias Lazada
SINGAPORE: Chinese e-com-
merce company Alibaba Group
Holding is investing an addition-
al US$1 billion (RM4.3 billion) in
Southeast Asian online retailer
Lazada Group, boosting its stake
by nearly a third to 83% and am-
plifying its focus on the region.
The announcement by Alib-
aba yesterday of the investment
comes as its rivals like Chinese
e-commerce firm JD.com Inc
are expanding operations in
Southeast Asia and amid me-
dia reports that Amazon is eye-
ing an entry into the region of
600 million people where only
a fraction of total retail sales
are currently conducted online.
The move doubles Alibabas
investment in Lazada after last
years deal to buy a controlling
stake in it for about US$1 bil-
lion and is a part of its efforts
to boost its global sales. Alib-
aba had the option to buy the
remaining stakes from some La-
zada investors, 12 to 18 months
after the deal closed.
The e-commerce markets in
the region are still relatively un-
tapped, and we see a very pos-
itive upward trajectory ahead
of us, said Daniel Zhang (pic),
chief executive officer of Aliba-
ba. We will continue to put our
resources to work in Southeast
Asia through Lazada to capture
these growth opportunities.
Yesterday, Alibaba said it will
purchase the shares from cer-
tain Lazada shareholders at an
implied valuation of US$3.15
billion.
It did not name the share-
holders, but Germanys Rocket
Internet and Swedens Kinne-
will likely look favourably on Bumi
Armadas joint venture partnership
with the Shapoorji Pallonji Group
for the KG-DWN-98/2 project.
The Armada Kraken, according
to Harland, is the third of four FPO
projects Bumi Armada is starting
up this year. She is our first ever
heavy oil production facility and has
the largest liquid handling capacity
in our fleet (460,000 barrels of liq-
uid per day) and she marks Bumi
Armadas entry into the North Sea
as a production facilities owner,
operator and duty holder, he said.
He added that these are positive
steps for the group as it continues
to increase cash flow and revenue
from the four major projects that
were under construction in the last
three years.
REUTERS
vik in separate statements con-
firmed they were disposing of
their remaining Lazada stakes.
Last years deal included par-
tial stake sales by investors, in-
cluding UK supermarket op-
erator Tesco plc, Rocket and
Kinnevik.
Lazada, founded in 2012, is
headquartered in Singapore and
also operates in Malaysia, Indo-
nesia, the Philippines, Thailand
and Vietnam. In the 12 months
ended March 31, 2017, Lazada
had about 23 million annual
active buyers, according to Al-
ibabas annual report.
Lazada has been expanding
its offerings over the last year,
buying Singapore-based online
grocer RedMart and tying up
with companies such as Netf-
lix and Uber for a membership
programme.
Alibaba shares were down
0.4% in pre-market trading,
while Rocket shares were 2.3%
lower.
Amazon did not immediately
respond to an emailed request
for comment on its plans for the
region. Reuters
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
AirAsia X set on returning
to Adelaide Fernandes
There are places requiring more connectivity and South Australia is one of them
BY S AN G EETHA A MA RTHA L I NGAM
KUALA LUMPUR: AirAsia X Bhd
(AAX) looks firm on returning to
Adelaide after pulling out of the
market in 2015, according to a
Facebook message by AirAsia Bhd
chief executive officer Tan Sri Tony
Fernandes. AAX is the long-haul
low-cost affiliate of the AirAsia
Group.
As he praised the AirAsia X
flight crew which steered flight
D7 232 to safety after facing engine
troubles en route to Kuala Lumpur
on Sunday, and thanking Australi-
ans for their praises on the airline,
Fernandes also remarked that AAX
is heading to Adelaide. However,
Fernandes, also a director of AAX,
did not specify the time frame for
its return to the market.
On June 21, News Corp Aus-
tralias online news portal news.
com.au carried an article by the
Australian Associated Press quoting
Fernandes as saying it was much
more important to go to Adelaide
than London right now.
There are places begging for
more connectivity and South Aus-
tralia is one of them. Right now,
there is a bit of a bloodbath going
on in Europe; I only want to go to
places where we can make a differ-
ence, Fernandes reportedly said.
In 2015, after flying for about
a year to Adelaide from October
2013, AAX hived off the route due
to unprofitability. However, Fer-
Foreigners bought RM177m Msian equity last week
BY SURIN MURUGIAH
KUALA LUMPUR: Foreign inves-
tors moderately increased their
exposure in Malaysian equity last
week, ahead of the Hari Raya break,
according to MIDF Research.
In its weekly report on flows of
funds yesterday, the research firm
said foreigners bought RM177 mil-
lion Malaysian equity last week,
offsetting the outflow of RM99.6
million in the week before.
The heaviest foreign buying was
recorded last Thursday, with net
purchases surging to RM208.9 mil-
lion as the fall in crude oil price
prompted investors to go bargain
hunting in the local bourse, it said.
This coincided with other regional
markets that experienced heavy
foreign buying, it said, notably
those in Korea and Taiwan.
However, foreign participation
eased on the local bourse, but
remained at a reasonable level,
with foreign average daily trade
value (ADTV) dipping below the
RM1 billion mark after falling 9%
in the week from RM1.4 billion to
nandes reportedly said a lot of
people have been asking him to
restart AAX in Adelaide. We had
it; we pulled out of it but at that
time (in 2015), we were a different
airline, he was quoted as saying.
In his Facebook message on
Tuesday, Fernandes said he is
super proud of the crew led by
Captain Ibrahim, and first officers
Vincent and Purser Ruijaruuneglai,
who had done a superb heroic job
of bringing the passengers back
safely.
I want to thank the many Aus-
tralians who have praised AirAsia
for all we have done despite all the
adverse press. Adelaide, here we
come, he wrote.
Fernandes, who was respond-
ing to comments that the pilot
should not have asked the pas-
sengers to pray when the plane
was in distress, said AAX was hit
by criticisms because it is a low-
cost carrier.
AirAsia dont (sic) make en-
gines and all airlines have engine
failures. However, when it does
happen it takes great pilots and
leadership in times of crisis.
If it [were] a full-service air-
line, the pilot would have been
[called] a hero. But because its a
low-cost carrier (AAX), [the] press
and so-called experts make wild
accusations and forget the heroics
of our crew, he said on his Face-
book page.
Im beaming with pride. From
Weekly net ow of foreign funds into
Malaysian equities since Jan 2016
(RM mil)
2,000
1,500
1,000
500
0
-500
-1,000
-1,500
Jan 1, 2016
Jan 22
Feb 12
March 4
March 25
April 15
May 6
May 27
June 17
July 8
July 29
Aug 19
Sept 9
Sept 30
Oct 21
Nov 11
Dec 2
Dec 23
Jan 13, 2017
Feb 3
Feb 24
Mar 17
Apr 7
Apr 28
May 19
June 9
Source: Bursa Malaysia preliminary statistics
RM989.6 million.
Foreign trading was active on
(last) Tuesday and Wednesday as
the trading value exceeded RM1
billion for both days. However, the
momentum was lost as expected,
as the market edged towards Fri-
day, it said.
The retail market continued
its sluggish pace, it said, with re-
videos you can see all [the in-flight]
guests [remaining] calm, and from
the many emails and Whatsapp
[messages that] I got, the captains
announcements kept everyone
calm, he wrote.
tail ADTV declining 21% for the
week to RM642.8 million the
lowest since the week ended Feb
3 from RM812.7 million in the
week before. This marked the
fourth straight week that the re-
tail ADTV had languished below
the RM1 billion mark, said MIDF
Research.
Regionally, it said global inves-
tors are slowly making a comeback
in Asia after a sell-off in the preced-
ing week, with foreign investors
buying US$668.6 million (RM2.88
billion) net last week, in the ag-
gregate of the seven countries it
tracks Thailand, Indonesia, the
Philippines, South Korea, Taiwan,
India and Malaysia.
Notably, international inves-
tors in South Korea made a "roar-
ing comeback" as they bought
US$749.2 million net of stocks, it
said. "The heavy foreign buying
coincided with [the] Kospi's up-
trend, which led to a weekly gain
of 0.71%."
Globally, equity markets were
mostly in the positive territory
last week, with Wall Street start-
HOME BUSINESS 7
AAX shares closed unchanged
at 41 sen yesterday, with a market
value of RM1.7 billion. AirAsia
shares dipped two sen to RM3.17,
with a market capitalisation of
RM10.63 billion.
ing strong for the week as gains
in technology stocks propelled US
indices to all-time highs, it said.
However, optimism was par-
tially dented by the decline in oil
prices. Nonetheless, Wall Street still
ended the week on a positive note.
Brent crude oil price declined
by 3.86% for the week to settle at
US$45.54 per barrel, extending
losses for the fifth week. [Though
the] API (American Petroleum In-
stitute) reported a bigger-than-ex-
pected fall in US crude stockpiles
by 2.72 million barrels in the
preceding week, it was not suffi-
cient to erode the pessimism that
saw oil prices retreating to a sev-
en-month low on (last) Wednes-
day, it added.
The FBM KLCI, on the other
hand, experienced its first weekly
loss in four weeks as some inves-
tors cashed in gains ahead of the
long Hari Raya Aidilfitri holiday
weekend, it noted. The FBM KLCI
ended the week at 1,779 points. The
ringgit weakened 0.31% to 4.2893
against the US dollar, due to the
slump in oil prices.
Malaysia
Halal Council
to launch
framework
by year end
KUALA LUMPUR: The Malaysia
Halal Council expects to launch
its framework, focusing on em-
powering local halal companies,
making them visible globally and
increasing bumiputera entrepre-
neurs' participation, by year end.
Halal Industry Development
Corp (HDC) chief executive of-
ficer Datuk Seri Jamil Bidin said
the council, chaired by Deputy
Prime Minister Datuk Seri Dr Ah-
mad Zahid Hamidi, is currently
working on the framework that
would drive Malaysia beyond its
global halal hub status in 2020.
"This framework is under the
Master Plan 2.0 for the develop-
ment of the nations halal indus-
try from 2018 to 2030. We need
this plan as the previous ones
were in use for about a decade,
from 2008-2020. There has been a
lot of developments with the ha-
lal industry and we do not want
to wait until 2020 to introduce
new plans," he told Bernama.
The council's main objectives
include tackling issues pertain-
ing to the halal industry and
its functions would be divided
between the Malaysian Islam-
ic Development Department
(Jakim) and HDC.
Jakim would focus on certi-
fication, governance and mat-
ters related to syariah while the
HDC would focus on expand-
ing and internationalising the
halal industry.
Jamil said besides HDC and
Jakim, the council is also spear-
headed by the Department of
Standards Malaysia, the body
for national standards and ac-
creditation. To ensure maxi-
mum effectiveness in the pro-
duction of halal items, all halal
bodies under various industries
would be incorporated under
this council, he said.
Jamil also said the council
planned to have at least four
meetings this year, and so far
two had been conducted.
In 2015, bumiputera compa-
nies contributed some RM2.6
billion or 6.6% of the total exports
of halal products and until last
year, 2,878 bumiputera compa-
nies obtained the Malaysian ha-
lal certification compared with
only 579 in 2010.
As for HDC, Jamil said the
corporation had always wanted
to function as the focal point for
the countrys halal development
and contribute more.
"We also want to produce
more companies and compete
healthily, not just in terms of
exports and investments. The
HDC hopes to help create more
job opportunities especially for
youths."
Last year, Malaysias halal ex-
ports stood at RM42 billion from
RM39 billion registered in 2015.
We are expecting a similar up-
trend this year, said Jamil. It is
forecast that by 2020, Malaysias
halal exports would exceed RM50
billion. Bernama
8 ST O C KS W I T H M O M E N T U M
ALUMINIUM COMPANY OF MALAYSIA BHD (-ve)
SHARES in Aluminium Company of Malaysia
Bhd (Alcom) (fundamental: 2.5/3, valuation:
0.9/3) triggered our momentum algorithm yes-
terday for the second time this month and sixth
time this year. The stock closed up 6.19% or 13
sen at RM2.23 sen yesterday, after close to three
million shares were traded, compared with its
200-day average volume of 444,027 shares.
On June 22, Alcom managing director Heon
Chee Syong told reporters the group is bullish
this year on maintaining its profit momentum
achieved in its financial year ended March 31,
ALUMINIUM COMPANY OF MALAYSIA BHD
COMFORT GLOVES BHD (+ve)
SHARES in Comfort Gloves Bhd (fundamen-
tal: 2.6/3, valuation: 1.2/3) closed 8.33% or
seven sen higher at 91 sen yesterday, with
about 20.21 million shares traded, compared
with their 200-day average volume of about
1.51 million shares.
Comfort Gloves returned to the black in
the first financial quarter ended April 30, 2017
(1QFY18) with a net profit of RM10.15 million
versus a net loss of RM9.44 million a year earli-
er. The previous loss was due to a fire outbreak
COMFORT GLOVES BHD
MERGE ENERGY BHD (+ve)
SHARES in Merge Energy Bhd (fundamen-
tal: 1.15/3, valuation: 1.7/3), which triggered
our momentum algorithm yesterday for the
first time this year, closed 1.27% or half a sen
lower at 39 sen yesterday. The counter saw
698,400 shares traded, compared with its
200-day average volume of 73,000 shares.
Merge Energy posted a net profit of
RM1.05 million in the fourth financial quar-
ter ended March 31, 2017 (4QFY17), while
quarterly revenue came in at RM16.4 mil-
lion. For the full financial year ended March
MERGE ENERGY BHD
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
2017, thanks to growing sales of its coated fin
stock on the back of growing demand for air
Analysts see up to
conditioners worldwide. Heon said the group
is hopeful of its business future prospects due
to rising demand for air conditioners, as coat-
35% upside potential
ed fin stock is cheaper to produce, making air
conditioners more affordable.
Alcom exports to most of the leading
in Advancecon
air-conditioner manufacturers across Asia
and Europe.
At the current share price, Alcom is trad-
ing at 1.58 times its book value.
Valuation score* 0.90 BY WO NG E E LI N Elevated Expressway and Pan Borneo
Fundamental score** 2.50 Highway.
TTM P/E (x) 23.92 KUALA LUMPUR: Stock research hous- Kenanga Research forecasts core net
TTM PEG (x) 0.05 es have valued Advancecon Holdings profits of RM32.1 million to RM35 mil-
Bhd shares as much as 35% above their lion for Advancecon for the financial
P/NAV (x) 1.58
initial public offering (IPO) price of 63 year ending Dec 31, 2017 (FY17) to FY18.
TTM Dividend yield (%) - sen. Applications for the IPO closed This, it said, will be on the back of
Market capitalisation (mil) 277.73 yesterday and the stock is scheduled to outstanding order book of RM572 mil-
Shares outstanding (ex-treasury) mil 132.25 be listed on the Main Market of Bursa lion as of May 19, 2017, and order book
Beta 0.55 Malaysia on July 10. replenishment target of RM250 million to
12-month price range 0.74-2.10 Kenanga Research has set a target RM300 million for FY17 to FY18 with a re-
*Valuation score - Composite measure of historical return & valuation
price of 85 sen on the stock, which mainder of RM216 million to be achieved
**Fundamental score - Composite measure of balance sheet strength translates into an upside potential of for the remainder of FY17.
& protability 35%. PublicInvest Research and In- We highlight that Advancecons FY17
Note: A score of 3.0 is the best to have and 0.0 is the worst to have ter-Pacific Research, meanwhile, have to FY18 net margins of 11% and two-year
assigned a fair value of 78 sen and 76 forward CAGR earnings growth of 15%
sen, respectively, on the stock. are superior against peer average FY17
Advancecon is an earthworks and
civil engineering firm, which is also
to FY18 net margins of 9.6% and two-year
CAGR growth of 9% respectively, it added.
incurred at a subsidiary in March 2016, which involved in the sale of construction Kenanga Research noted that due to
cost the company RM12.8 million in write-offs. materials, hiring of machinery and ad Advancecons experienced management
Its 1QFY18 revenue came in at RM93.7 mil- hoc general construction services as team coupled with its extensive range of
lion, 79.16% higher from the RM52.3 million well as property investment. machinery, the group has emerged as
recorded in 1QFY17, when the groups oper- PublicInvest Research, in a research one of the biggest contractors within the
ations were also affected by the fire. note yesterday, said that going forward relatively fragmented earthworks space
On the outlook, Comfort Gloves said it Advancecon will be focusing on bidding in Malaysia.
anticipates challenging market conditions for projects with contract value exceed- Inter-Pacific Research expressed sim-
on the back of volatile prices of rubber. ing RM50 million, targeting larger-scale ilar sentiments, noting that Advancecon
At the current share price, Comfort Gloves construction projects. has managed to establish a brand name
is trading at 2.17 times its book value. Advancecons growth will be un- in the construction industry as it has
derpinned by government-led initia- been involved in the industry for about
Valuation score* 1.20 tives and spending, favourable interest 27 years.
Fundamental score** 2.60 rate environment, sustained economic The group has been able to deliver
TTM P/E (x) 10.33 growth, and steady population growth, quality earthworks and civil engineer-
TTM PEG (x) 0.03 sustaining the earthworks and civil en- ing services in accordance with their
gineering markets 15.3% compound clients requirements, said Inter-Pacif-
P/NAV (x) 2.17
annual growth rate (CAGR) from 2017 ic Research. The reputation and track
TTM Dividend yield (%) - to 2021, it said. record have helped Advancecon secure
Market capitalisation (mil) 469.38 Kenanga Research believes Advance- recurring customers and new customers
Shares outstanding (ex-treasury) mil 558.79 con is less affected by the slowdown in through referrals.
Beta 0.72 the property development space as it Besides, the track record of Advance-
12-month price range 0.61-0.85 can still actively bid within the infra- con helped the group maintain a work-
*Valuation score - Composite measure of historical return & valuation
structure space with clearer replen- ing relationship with several reputable
**Fundamental score - Composite measure of balance sheet strength ishment visibility with impending property developers such that the group
& protability jobs such as the Kuala Lumpur-Singa- receives frequent invitations to partic-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have pore High-Speed Rail, East Coast Rail ipate in tenders for projects and thus
Link, Sungai Besi-Ulu Klang Elevated constantly grow its project portfolio,
Expressway, Damansara-Shah Alam added the research house.
31, 2017 (FY17), its net profit and revenue
stood at RM1.69 million and RM87.5 mil-
lion, respectively.
Merge Energy noted, however, that pro-
Ikhmas Jaya bags RM36m job to
gress billings in FY17 were lower as most of
the groups ongoing projects were close to
work on Phase 2 of Setia City Mall
being completed. Looking forward, Merge
Energy said it is confident of securing and BY ADE LA M EG AN WI LLY 2017 and complete by April 11, 2018.
undertaking more jobs available for bidding The group expects the project to con-
in 2017 and 2018. KUALA LUMPUR: Ikhmas Jaya Group tribute positively to its earnings and net
At the current share price, Merge Energy Bhd has bagged a RM36 million con- assets for the financial year ending Dec
is trading at 0.43 times its book value. tract for works at the proposed Setia 31, 2017 (FY17) and 2018.
City Mall Phase 2 retail development Meanwhile, Ikhmas Jaya said in a
Valuation score* 1.70 in Selangor. separate statement that its total out-
Fundamental score** 1.15 In a filing with Bursa Malaysia, the standing order book currently stood at
TTM P/E (x) 15.71 group said its unit had accepted the approximately RM903.9 million.
TTM PEG (x) 0.03 letter of award yesterday to carry out Year to date, the group has secured
P/NAV (x) 0.43
site clearance, earthworks, piling and contracts with an aggregate value of
pile caps, ground slab and ancillary RM369.2 million.
TTM Dividend yield (%) -
works for the project from Greenhill This new contract win will bring
Market capitalisation (mil) 26.47 Resources Sdn Bhd. the group closer to our targeted project
Shares outstanding (ex-treasury) mil 67.00 Greenhill Resources a joint ven- procurement of RM500 million for the
Beta 0.48 ture between S P Setia Bhd and Asian year. We are confident that our current
12-month price range 0.24-0.40 Retail Investment Fund is the de- outstanding order book will deliver pos-
*Valuation score - Composite measure of historical return & valuation
veloper of the Setia City Mall. itive results for the financial year ahead,
**Fundamental score - Composite measure of balance sheet strength Ikhmas Jaya said the contract works said its group managing director Ang
& protability are expected to commence on Aug 9, Cheng Siong.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
1 0 P R O P E RT Y
UK home prices rally in June
This halts the worst streak in eight years Nationwide Building Society
BY LUC Y MEA K I N
LONDON: UK house prices re-
bounded in June, halting the worst
streak for the market in eight years,
according to Nationwide Building
Society.
Values rose 1.1% from the pre-
vious month, the most since April
2015, taking the annual rate of
change up to 3.1%. The average
value last month was 211,301
(RM1.17 million).
The increase followed three
months of falling prices the long-
est stretch since early 2009 when
the economy was in the midst of
Evergrandes Teflon coating isnt such a mystery
BY DAVI D FI CKL I NG
SYDNEY: Most of Chinas acquisi-
tive corporate giants were batten-
ing down the hatches last week,
fearing a storm blowing from Bei-
jing could wreck their sources of
finance. One of their number was
up on deck, though, filling its lungs
with a gentle sea breeze.
China Evergrande Group, which
has carried out some US$15 billion
(RM64.5 billion) of takeovers over
the past two years, was a notable
omission from the list of companies
targeted by the China Banking Reg-
ulatory Commission. They included
Dalian Wanda Group Co, Anbang
Insurance Group Co, HNA Group
Co, Fosun International Ltd and the
owner of Italian soccer team AC Mi-
lan, people familiar with the matter
told Bloomberg. Numerous reports
elsewhere named the same four.
Indeed, far from cowering in the
face of Beijings crackdown, Ever-
grande was dancing along the bat-
tlements last week, raising US$6.6
a deep recession. Values fell 0.1%
between April and June, the first
decline in a calendar quarter for
almost five years.
Despite the pickup, gains still
look likely to moderate further this
year, though the dearth of would-be
sellers is likely to keep a floor under
prices, said Bloomberg economist
Dan Hanson.
It is unclear whether the June
gains reflect strengthening demand
and continued low mortgage rates,
or the lack of homes on the market,
with the number of properties on
estate agents books remaining close
to all-time lows, Nationwide chief
economist Robert Gardner said.
billion of debt in the biggest US
dollar-denominated junk-bond
sale in Chinas history. If Chinese
regulators were so worried about
overseas loans to domestic com-
panies the reason behind last
weeks crackdown, according to
people familiar with the matter
how did they let that massive
international advance slip through?
One explanation offered is that
its all about connections. Many of
the companies targeted built their
fortunes before Xi Jinping became
president in 2012, Minxin Pei, a po-
litical analyst, wrote in the Financial
Times this week. So, the ulterior
motive behind the financial crack-
down could be a purge of tycoons
with dubious political loyalties. An
old proverb holds that, like ducks,
companies and officials can grow
fat pecking at the grain scattered
by Beijing but sooner or later
the government will sharpen its
knives for the slaughter.
Theres something to be said for
that theory. Evergrande is a crea-
Due to the shortage of proper-
ties and subdued building activi-
ty, values will still rise this year, he
said, predicting an average gain of
about 2%. Even so, he warned that
Britains negotiations to leave the
European Union may weigh on
activity.
Given the ongoing uncertain-
ties around the UKs future trading
arrangements, the economic out-
look remains unusually uncertain,
he said. Housing market trends
will depend crucially on develop-
ments in the wider economy.
Londons annual price growth A lepic of a residential street in London. The
cooled to 1.2%, the slowest pace for increase followed three months of falling
the capital since 2012. Bloomberg prices. Photo by Reuters
ture of the Xi era: Its assets have
grown sixfold since 2012. But the
same could be said of some of the
targeted companies, particular-
ly Anbang and HNA. Its possible
that theres a simpler explanation.
The area in which Evergrande
stands out from the other four busi-
nesses is not so much connections,
as where its deploying its cash.
The companies targeted have
become notorious for their splashy
overseas merger and acquisition
deals for the worlds biggest cin-
ema operator and the studio be-
hind Inception and Godzilla (Dali-
an Wanda); 10% of Deutsche Bank
and the third-biggest aircraft-leas-
ing business (HNA); Washingtons
Four Seasons Hotel and New Yorks
Waldorf-Astoria (Anbang); Club
Med and Cirque du Soleil (Fosun).
Evergrande, by contrast, has barely
ventured beyond what Beijing con-
siders to be its borders.
There have been US$3.42 bil-
lion of acquisitions in Hong Kong,
including the purchase of a build-
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
to S$1.17 yesterday afternoon.
ing in Wan Chai. But thats more or
less it, Bloomberg data show. The
only other overseas purchase was
a US$44 million minority stake in
a US solar-power company back
in 2014 an amount that would
barely buy one of the better condos
Anbang plans to build atop the Wal-
dorf-Astoria, and which was imme-
diately recycled to buy shares in a
Hong Kong-based hotel company.
Its hard to rule out political
machinations, but Evergrandes Tef-
lon coating suggests the simplest
explanation is closest to the truth.
Beijings problem isnt so much with
domestic tycoons, but with domestic
tycoons who are placing their wealth
beyond the governments reach.
Thats probably bearish for
companies outside Greater Chi-
na primping their assets for a take-
over but owners of attractive
businesses in Hong Kong, Macau
and Taiwan can take heart. If you
are within Beijings tidal pull, the
flow of money might not have been
dammed just yet. Bloomberg
Blackstone to
buy Singapore-
listed REIT for
S$900.6m
BY A N S H UMA N DAG A
SINGAPORE: US private equity
group Blackstone Group LLP
agreed to buy Singapore-list-
ed and Japan-focused Croesus
Retail Trust (CRT) for S$900.6
million (RM2.79 billion), part of
an trend of buyouts of real es-
tate investment trusts (REITs).
Affiliates of Blackstone Real
Estate offered to pay S$1.17
in cash per unit, represent-
ing a 38% premium to CRTs
12-month volume weighted
average price, Blackstone and
CRT said in a joint statement
yesterday. The shares rose 10.9%
Croesus Retail Trust has an
established portfolio of qual-
ity Japanese retail assets. This
transaction represents a good
opportunity for Blackstones real
estate business to further ex-
pand its platform in Japan, said
Christopher Heady, head of real
estate Asia at Blackstone Group.
Blackstone Group is one of
the worlds largest institutional
real estate investors and man-
aged US$102 billion of equities
for real estate investments as
of Dec 31, 2016.
This year, Warburg Pin-
cus-backed warehouse opera-
tor e-Shang Redwood agreed to
buy an 80% indirect stake in the
manager of Cambridge Industri-
al Trust. Cambridge Industrial
Trust is now called ESR-REIT.
CRT, which is backed by Jap-
anese real estate business con-
glomerate Daiwa House Indus-
try Co Ltd and trading company
Marubeni Corp, will be acquired
through a trust scheme and
delisted. CRT manages a port-
folio of about S$1.5 billion.
Citigroup Global Markets
Singapore Pte Ltd is the finan-
cial adviser to Croesus Retail
Asset Management the trus-
tee-manager while DBS
Bank is the financial adviser
to Blackstone Group. Reuters
12 B R O K E R S C A L L T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Gamudas earnings
delivery to be on schedule
Gamuda Bhd with mostly preliminary works be- a higher degree of underground Gamuda Bhd
(June 28, RM5.48) ing undertaken (such as utilities re- works given its experience with
Maintain buy with a higher target location, earthworks, foundations, MRT1 and MRT2. Media reports FYE JULY (RM MIL) 2016 2017E 2018F 2019F
price of RM6.24: Gamuda Bhds excavation, ground treatment, re- have stated that MRT3 could span Revenue 2,122 2,646 3,395 3,741
earnings upcycle is poised to hit taining walls). 45km to 48km in length and cost
Ebitda 616 757 906 1,011
another round of multi-year highs Project details on MRT3 (circle RM50 billion.
in the financial year ending July 31, line) is currently being finalised by Property sales in the third quar- Ebit 494 642 794 902
2018 (FY18) and FY19. It is also a the Land Public Transport Com- ter ended April 30, 2017 amount- PBT 781 861 1,025 1,173
key play to ride on the upcoming mission. Cabinet approval is an- ed to RM620 million, bringing the Core Patmi 626 679 785 892
mega rail projects such as the light ticipated by mid-2018 with project year-to-date sum to RM1.4 billion. vs consensus (%) (4) (1) (1)
rail transit (LRT) line 3, East Coast rollout in early-2019. The circle This marks a strong recovery com- Core EPS (sen) 25.8 28.0 32.4 36.8
Rail Link and High-Speed Rail. line will integrate with other radial pared with RM575 million in the
Mass rapid transit Sungai Bu- lines from the MRT, LRT, Monorail same period last year. The Kundang PER (x) 21.1 19.5 16.8 14.8
loh-Kajang line (MRT1) has been and KTM via its orbital alignment, township has been launched while Net DPS (sen) 11.9 11.2 12.9 14.7
completed and will commence full commonly known as the wheel Gamuda Gardens and Twentyfive.7 Net dividend yield (%) 2.2 2.1 2.4 2.7
operations in mid-July. and spokes concept. As it will will be launched within this year. BV per share 2.83 3.00 3.20 3.42
For MRT2 (Sungai Buloh-Ser- pass through densely populated Unbilled sales stand at RM2 billion, P/B (x) 1.9 1.8 1.7 1.6
dang-Putrajaya line), 90% of the areas with high buildings, a large implying a cover ratio of 1.8 times ROE (%) 9.5 9.6 10.4 11.1
awards totalling RM29 billion have portion of its alignment will be on FY16 total property revenue.
been dished out. underground. This plays in Gamu- Hong Leong Investment Bank Net gearing (%) 57.9 54.3 46.8 39.6
Progress rate on MRT2 is at 6% das favour as it can undertake Research, June 28 Source: HLIB Research

DRB-Hicom finalises Pickup in property development

activities seen at Selangor Properties
Proton-Geely deal Selangor Properties Bhd
(June 28, RM4.82)
While we raise our forecast financial
year 2017 (FY17) earnings per share
Maintain hold with an unchanged by a sharp 87%, this is not an indica-
DRB-Hicom Bhd target price of RM5.12: Excluding tion that 2QFY17 was a major positive
(June 28, RM1.79) earnings impact arising from foreign surprise as we expect the groups re-
Maintain neutral with an un- exchange movements, asset dispos- turn on equity (ROE) to remain low,
changed target price of RM1.82: als and mark-to-market of financial at just 1.8% for FY17.
Last Friday, DRB-Hicom Bhd fi- assets, Selangor Properties Bhds core Counter-intuitively, the bigger loss
nalised the definitive agreement net profit for the second quarter end- at its property development division
on the acquisition of 49.9% in Pro- ed April 30, 2017 (2QFY17) fell 17% could be a positive development for
ton Bhd by Zhejiang Geely Hold- year-on-year (y-o-y) due mainly to a the group. In 2QFY17, its property de-
ing Group Co and proposed di- bigger loss from its property develop- velopment pre-tax loss widened 45%
vestment of 100% indirect equity ment division, where minimal reve- quarter-on-quarter and 116% y-o-y
of Lotus Advance Technologies nue was recognised but marketing to RM4.8 million. We suspect that
Sdn Bhd by Geely and Etika Au- expenses were incurred to promote more development planning activities
tomotive Sdn Bhd. These propos- Aira Residence its only ongoing might have been undertaken during
als are expected to be completed property development project. In- the quarter as the group prepares for
by the fourth quarter of 2017. We vestment income (including rental) the redevelopment of Wisma Daman-
are particularly positive about the from other divisions was stable as its sara, an old vacant building that sits
rebadging of Geely Boyue as it is revenue rose 3% y-o-y. on an eight-acre (3.2ha) site within
the first-ever sport utility vehicle Despite the decline in earnings, the highly sought-after Damansara
(SUV) line-up for Proton. We un- the results beat our forecast because Heights area in Kuala Lumpur.
derstand that Boyue was designed of lower-than-expected effective We continue to value the stock
by a former Volvo designer. If it is tax rate as we had expected more based on a 50% discount to its realised
priced competitively, we believe We believe Boyue could gain market share from current SUV models that are available
non-tax-deductible expenses. Its net asset value with the large discount
Boyue could gain market share in our local market.
interest income was also higher than reflecting the uncertainty about its
from current SUV models that are expected, which might have led to the land bank development time frame
available in our local market. How- lower-than-expected tax rate as inter- and low trading liquidity. CIMB
ever, the timeline for its expected DRB-Hicom Bhd est income is not taxable in Malaysia. Research, June 27
launch date has yet to be finalised.
Among others finalised in the FYE MARCH (RM MIL) 2016A 2017A 2018F 2019F 2020F CAGR (%) Selangor Properties Bhd
agreement were: i) ascribing the val- Revenue 12,172.9 12,058.3 10,197.1 10,574.1 11,005.2 -2.5
ue of the Boyue SUV model licens- FYE OCT (RM MIL) 2015A 2016A 2017F 2018F 2019F
Operating profit* -667.1 -100.8 -59.8 245.9 361.9 nm
ing amounting to RM290 million; ii) Total net revenues 99.5 120.9 161.0 265.9 389.9
Proton to produce Geely or Volvo Pre-tax profit* -822.1 -222.2 -164.4 118.0 231.5 nm Operating Ebitda 4.1 30.7 52.9 88.7 132.3
badged cars at the Tanjung Malim Reported net profit* -992.8 -454.4 -85.1 61.1 119.8 nm Net profit 593.7 67.4 46.1 78.8 111.9
plant; iii) DRB-Hicom to undertake EPS (sen) nm nm nm 3.2 6.2 nm Core EPS (RM) 0.01 0.09 0.13 0.23 0.33
warranties liable to customers and PER (x) nm nm nm 55.4 28.2 Core EPS growth (%) (85) 953 53 71 42
claims by suppliers amounting to
DPS (sen) 2.0 0.0 6.0 6.0 6.0 FD core PER (x) 582.1 55.3 36.0 21.1 14.9
RM331 million; and iv) to bear the
cost of construction of a medium Dividend yield (%) 1.1 0.0 3.4 3.4 3.4 DPS (RM) 0.50 0.20 0.13 0.23 0.33
speed test track (up to 130km/h) *Reported numbers including exceptional items Dividend yield (%) 10.3 4.1 2.8 4.7 6.7
in Tanjung Malim and relocation of Sources: Company, PublicInvest Research estimates EV/Ebitda (x) 153.8 28.9 17.7 11.0 7.3
research and development activities P/FCFE (x) N/A 24.23 N/A 41.03 13.36
from Shah Alam to Tanjung Malim, ton brand amounting to RM290 on Protons net assets as at March Net gearing (%) (39.5) (30.9) (28.9) (27.4) (27.9)
amounting to RM180 million. million. The value of the Boyue 31, 2016) for the acquisition. This P/BV (x) 0.64 0.66 0.66 0.66 0.66
Geely will be paying a total of platform is however lower than deal however excluded non-core
ROE (%) 0.12 1.18 1.84 3.14 4.46
RM460.3 million via cash subscrip- the earlier estimation of RM600 automotive business assets in Pro-
tion of RM170.3 million through million, which was based on Iriz ton, particularly the plot of land % change in
the issuance of new shares in Pro- platform cost. Valuation-wise, on which the Shah Alam plant is core EPS estimates 87.2 56.1 32.4
ton to Geely, and grant for the Geely would be paying price-to- sited currently. PublicInvest CIMB/consensus EPS (x) 1.07 1.21 1.18
Boyue SUV model under the Pro- book value of 0.45 times (based Research, June 28 Sources: Company data, CIMB forecasts
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
B R O K E R S C A L L 13

SCGMs growth AirAsias capacity expansion

expected to gather pace

driven by increased
AirAsia Bhd
(June 28, RM3.17)
Maintain buy with an unchanged
target price (TP) of RM3.94: Short-
haul low-cost carrier (LCC) AirAsia
Increasing the utilisation rate of
its aircraft is beneficial as the addi-
tional revenue generated outweighs
the marginal cost incurred for air-
craft already in its stable.

capacity in FY18
Bhd performed up to mark in the We assess that the bulk of the
first quarter of 2017 (1QFY17), with new capacity would be allocat-
consolidated core profits meeting ed to new routes. From January
our expectations at 22% of our lat- to June, AirAsia and its associates
est full-year forecast. (excluding AirAsia X Bhd) have
Positively, AirAsia was able to announced 17 new routes, which
fill its aircraft seats, recording load have surpassed the 13 routes an-
factors of 89% amid conservative nounced for the whole of 2016.
available seat kilometres (ASK) While new routes typically re-
SCGM Bhd SCGM Bhd growth of 2% year-on-year (y-o-y). quire a one year to 1.5 years ges-
(June 28, RM4.16) In the coming quarters, we ex- tation period to turn profitable,
Maintain market perform with FYE APRIL (RM MIL) 2017A 2018E 2019E pect ASK growth to gather pace, we opine that a steady pipeline of
a target price of RM4.90: We at- Turnover 178.8 227.1 286.5 and average at 10% for the financial new route launches is necessary in
tended SCGM Bhds fourth quarter Ebit 27.3 36.8 51.4 year ending Dec 31, 2017 (FY17). order for AirAsia to carve out new
ended April 30, 2017 (4QFY17) an- Healthy growth in air travel de- markets and drive earnings growth.
PBT 26.6 35.5 46.5
alysts briefing and remain positive mand underpinned by firm do- We gather that overall tourist
about their long-term outlook. Net profit (NP) 23.0 30.9 38.1 mestic consumption and robust arrivals to Malaysia remains in the
Despite slight margin compres- Core NP* 22.6 30.9 38.1 tourist arrivals would augur well for positive territory, with March regis-
sion in FY17, growth is driven by Consensus (NP) na 28.2 32.9 AirAsias load factors, in our view. tering a growth of 1.8% y-o-y.
increased capacity in FY18 from a Earnings revision (%) na -6 0 Hence, we continue to be up- In the coming months, we
newly rented factory in the Klang FD core EPS (sen) 10.6 14.5 17.9 beat about AirAsias prospects believe that arrivals could trend
Valley riding on increased demand Core EPS growth (%) 11.9 36.4 23.6 and maintain our buy call on higher, coinciding with the sum-
for both food and beverage (F&B) the company with an unchanged mer holiday season kicking off in
NDPS (sen) 7.8 7.2 9.0
packaging and plastic cups, while TP of RM3.94. the northern hemisphere and the
we also expect lower tax rates in FD BVPS (RM) 1.1 1.3 1.4 Fleet expansion and increased Southeast Asian Games in August.
FY18. FD core PER 29.8 21.8 17.6 utilisation rate of aircraft lend sup- Our TP derived from a forward
All in, we lower FY18 estimat- FD P/BV (x) 2.8 2.4 2.2 port to AirAsias 10% ASK growth price-earnings ratio of 10 times
ed (FY18E) earnings (by 6%) and Net gearing (x) 0.1 Net cash Net cash target. In FY17, AirAsia is scheduled FY18 earnings per share (EPS).
maintain FY19E numbers. Net dividend yield (%) 2.5 2.3 2.8 to add 27 aircraft on a net basis, AirAsia remains our top avia-
Despite strong bottom-line *FY17 share base is on a fully diluted basis for comparison purposes
including 21 Airbus A320neo var- tion sector predicated on stable
growth in FY17 (up 19% year- Source: Kenanga Research
iants which consume 15% less fuel. demand growth with conserva-
on-year [y-o-y]), earnings before At the Paris Air Show, AirAsia tive ASK expansion of 10%; mon-
interest and tax (Ebit) margins placed an order for an additional etisation of Asia Aviation Capi-
compressed to 15.1% in FY17 (ver- from internally generated funds. estimates as SCGM will benefit 14 A320ceo aircraft, expanding its tal Ltd that could potentially lead
sus 19.7% in FY16) mostly due to This newly rented factory will from reinvestment tax allowance, outstanding order backlog to about to special dividends; and further
higher resin cost, while we believe produce lunchboxes to cater to while we maintain FY19E tax rates 420 aircraft. consolidation of all air operators
we have accounted for other cost the existing Klang Valley market, at 18%. Apart from that, AirAsia is aim- certificates (AOCs) could provide
increases previously (which are which may provide better efficien- All in, post accounting for in- ing to raise the utilisation rate of its better clarity of combined per-
staff cost, utilities, depreciation cy in the longer run from reduced creased top-line growth from the aircraft from 14.1 hours per day to formance of all AOCs. MIDF
of plant and equipment). transportation cost. new capacity in the rented factory, 16 hours per day. Research, June 23
Management had guided that All in, post the inclusion of Ebit margin compressions from
resin cost had moderated since a this newly rented factory, we ex- higher raw material cost in FY18
high in February and March 2017 pect FY18 to FY19 average capac- to FY19 to 16.2% to 17.9% (from AirAsia Bhd
(4QFY17). However, the groups ity to increase to 39,200 tonnes 19.1% to 19.8%) , and lower effec-
current resin cost is still higher to 49,900 tonnes per year (from tive tax rates in FY18 to 13% (from FYE DEC 2014 2015 2016 2017F 2018F
by about 10% y-o-y. 36,000 tonnes to 44,900 tonnes 18%), we are expecting FY18 to Revenue 5,415.7 6,297.7 6,946.4 8,282.7 8,572.6
SCGM announced its plan to per year). FY19E earnings of RM30.9 million
Ebitda 1,160.6 2,739.9 2,800.8 2,216.2 2,289.3
rent a new 47,000 sq ft factory in We are expecting FY18 capital to RM38.1 million.
Telok Panglima Garang, which expenditure (capex) allocation of We are comfortable with our Ebit 441.1 2,036.6 2,055.6 1,454.5 1,496.6
will be its first factory in the Klang RM60 million (from RM51 million) market perform call as most up- PBT (175.6) 215.2 2,170.2 1,353.5 1,394.1
Valley, beginning July, and will be to be utilised mostly for the sec- sides have been priced in, while Net profit (115.4) 541.3 2,033.6 1,240.3 1,337.8
running at full capacity by De- ond factory construction in Kulai, the groups longer-term prospects Core net profit 157.3 724.9 1,372.1 1,240.3 1,317.0
cember. and the new Klang Valley rented are intact in light of decent earn- Core EPS (sen) 5.7 16.8 40.9 37.1 39.4
The factory will house four ther- factory, while FY19 capex of RM54 ings growth from long-term extru- Core EPS growth (%) (125.1) 197.1 143.2 (9.3) 6.2
moforming machines and two ex- million will be utilised for the Ku- sion capacity expansion, and the
PER (x) 48.8 16.4 6.8 8.4 7.9
truders, producing 5,000 tonnes lai factory construction. F&B container market opening
per year (at full capacity), costing As a result, we lower our FY18E up on the state-wide polystyrene Net dividend (sen) 3.0 4.0 4.0 9.0 9.5
RM20 million in capital expend- effective tax rates to 13% (from container ban. Kenanga Re- Net dividend yield (%) 1.1 1.4 1.4 3.0 3.0
iture which the group will fund 18%) post increasing our capex search, June 28 Sources: Company, MIDF Research

Telcos unlikely to see further equity fundraising

Telecommunications sector Telco sector equity fundraising (the caveat being
Maintain neutral call: We MKT CAP PRICE TP UPSIDE PER (X) EV/EBITDA (X) NET YIELD that the regulator remains relative-
do not expect the upcoming STOCK (US$ MIL) RATING (LC) (LC) (%) 17E 18E 17E 18E 17E 18E ly pro-business and spectrum fees
700/2100/2600MHz spectrum pay- Axiata 10,342 Hold 4.94 5.00 1 43.1 34.9 6.7 6.2 1.1 2.4 stay reasonable).
ments to raise gearing of mobile op- Maxis 9,794 Hold 5.59 5.95 7 22.4 21.8 11.3 11.1 3.6 3.6
Our earnings forecasts and dis-
erators to excessive levels. Further counted cash flow-derived target
equity fundraising (Maxis recently Digi 9,051 Hold 4.99 4.90 (2) 24.2 23.7 13.8 13.4 4.1 4.2 prices (TPs) are unchanged. We
completed its primary placement) Telekom Msia 5,786 Hold 6.60 6.00 (9) 30.6 31.1 7.7 7.3 2.9 2.9 have now switched our relative
thus appears unlikely in our view. TIME dotCom 1,306 Hold 9.68 8.90 (8) 23.8 21.7 15.8 14.1 1.0 1.1 preference to Maxis (hold, TP:
We still have hold ratings on all Source: Maybank Investment Bank Research RM5.95), whose share price has
our telecommunication company recently been suppressed post the
(telco) stocks. On a relative basis, primary placement.
we now prefer Maxis Bhd. The 700MHz band is also up for 700/2100/2600MHz spectrum fees operators (Axiata Group Bhd, DiGi. Its operations have been the
Spectrum fees will again come re-farming in 2018 as the free-to-air to total around RM1.2 billion per Com Bhd and Maxis) to remain most resilient among the big three,
to the fore with the 2600MHz and television migrates from analogue operator. relatively manageable (1.1 times and the recent equity raising has
2100MHz bands both up for re- to digital. Interpolating earlier fees Incorporating the incremental to 1.7 times at end-2018). alleviated potential gearing and
newal in December 2017 and April for the 900/1800MHz bands, we upfront spectrum payments, we We are thus not expecting mo- dividend concerns. Maybank
2018 respectively. estimate the upfront portion of the estimate gearing levels of mobile bile operators to undertake further Investment Bank Research, June 23
14 H O M E
Najib: Malaysia committed to
stopping human trafficking
The countrys position has been improved in the Trafficking in Persons Report
KUALA LUMPUR: Prime Minister
Datuk Seri Najib Razak has reit-
erated Malaysias commitment to
stopping human trafficking.
Malaysias collective efforts to
combat human trafficking locally
and regionally were bearing fruit as
the country improved its position
in the international Trafficking in
Persons Report 2017, Najib wrote
in a Facebook post.
In the 2017 report published
Daughter,
mother narrowly
escape burning
car on NSE
NILAI: Two women had a nar-
row escape when the car they
were travelling in caught fire
at KM280.7 of the North-South
Expressway (NSE) northbound
early yesterday.
Nilai Fire and Rescue Sta-
tion operation chief Mohd
Fauzi Shamir said in the
6.50am incident, the vic-
tims, R Yugeswari, 33, and
her mother, only known as
Ruekmono, 64, were travelling
in a Proton Pesona car from
Port Dickson to Subang Jaya.
The victim who was driving
(Yugeswari) saw that smoke
was coming out of the engine
compartment and stopped the
car.
Both of them alighted from
the car as the fire spread quick-
ly and burned 80% of the vehi-
cle, he said in a media state-
ment here. Bernama
on web + mobile
by the US State Department, Ma-
laysia has been upgraded to Tier
2 from Tier 2 Watch List in the tion Act but are making significant
2016 report.
Well done to those who have
worked tirelessly to achieve this.
We remain committed to stopping
trafficking, protecting the victims
and prosecuting the traffickers,
said Najib.
Tier 2 is accorded to the govern-
ments of countries that do not fully
Unsung heroes guard countrys
waters during festive period
KUALA TERENGGANU: The re-
sponsibility of protecting the coun-
trys waters is a continuous, round-
the-clock duty with no breaks
during any festivities.
Setting aside their desire to be
with family members, security per-
sonnel continue to serve the coun-
try, and now, even a few days after
Hari Raya, several of them are still
Malls urged to use PA system to curb escalator accidents
KUALA LUMPUR: The manage-
ments of shopping malls have been
advised to use the public address
(PA) system to remind parents of
the safe ways to use the escalator.
National Institute of Occupa-
tional Safety and Health (NIOSH)
chairman Tan Sri Lee Lam Thye said
the move was important to reduce
accidents involving escalators in
meet the minimum standards of
the US Trafficking Victims Protec-
and convictions, said the report.
efforts to bring themselves into
compliance with those standards.
According to the report, the Ma-
laysian government has demon-
strated increasing efforts compared
with the previous reporting period,
which enabled it to be upgraded
to Tier 2.
The government demonstrated
on duty.
The media recently spent some
time with Malaysian Maritime En-
forcement Agency (MMEA) person-
nel to experience what they were
going through at sea, while others
were busy visiting relatives.
MMEA personnel Mohd Azlan
Amat, 24, said his determination
to choose the career had given him
shopping complexes.
It is the responsibility of the
building owners or management
to ensure that the escalators are
in good condition. This measure
needs to be implemented, espe-
cially during peak hours and school
holidays, he said in a media state-
ment yesterday.
He said NIOSH viewed serious-
Anytime, anywhere on www.theedgemarkets.com
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
increasing efforts by expanding traf-
ficking investigations, prosecutions,
ment plan.
The report also commended
Malaysias efforts to establish the
Anti-Trafficking in Persons and
Anti-Smuggling of Migrants Task
Force to galvanise coordinated an-
ti-trafficking operations.
Malaysia targets to attain Tier 1
status in the Trafficking in Persons
Report 2020. Bernama
the licence to work without con-
sidering time and circumstance.
Previously many other col-
leagues have been on duty [during
the festive period]. When it comes
to our turn, we should be sincere
and this is the easiest way to re-
main calm and think of other things
besides focusing on keeping the
country safe, he said. Bernama
ly any accidents, especially those
involving children.
On Tuesday, a boy almost lost his
fingers after his hand was trapped
in the escalator at a shopping com-
plex in Tampoi, Johor.
The victim, who had to endure
pain for about an hour, was lat-
er taken to the Sultanah Aminah
Hospital for treatment. Bernama
Catch up on the
Top 5 news of the day.
Uploaded on
Monday to Friday from
RMAF to buy
more maritime
patrol aircraft
KUALA LUMPUR: The Royal
Malaysian Air Force (RMAF)
is keen to acquire more mari-
time-related assets to beef up
the countrys security level
amid mounting threats.
RMAF chief General Da-
tuk Seri Affendi Buang said
plans to acquire new mari-
time patrol aircraft were in
the pipeline as part of the
RMAFs capability develop-
The plans very much de-
pend on funds, government
allocation. We are waiting for
the budget, he told Bernama
via a phone text message here
yesterday.
However, he was tight-
lipped about the details of the
assets that the RMAF wanted
to acquire, adding that the
RMAF was open to choices
and several types of maritime
patrol aircraft were available
in the market.
An online portal recent-
ly quoted Affendi as saying
that the RMAF was consider-
ing a few options to enhance
its maritime patrol capabili-
ties, currently covered by the
Beechcraft B200T aircraft.
Due to the age factor (23
years) and limited number
and capabilities, more capa-
ble and fully fledged maritime
new patrol aircraft platforms
with intelligence, surveillance
and reconnaissance and syn-
thetic aperture radar capabil-
ities are being evaluated to
replace the B200T aircraft,
he was quoted as saying by
Shephard Media.
Affendi also told Bernama
on the sidelines of the 52nd
Paris Air Show held at the
ParisLe Bourget Airport in
north Paris recently that the
acquisition of new and highly
capable assets were crucial for
capability development fol-
lowing the Trilateral Maritime
Patrol arrangement among
Malaysia, Indonesia and the
Philippines. Bernama
8.30pm
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
100 AES cameras to be
installed nationwide next year
This is to help reduce the accident rate by 50% by 2020
BATU PAHAT: About 100 Au-
tomated Enforcement System
(AES) cameras will be installed
at strategic locations nationwide
next year.
Deputy Transport Minister
Datuk Ab Aziz Kaprawi said the
cameras to be installed on high-
Prasarana
intensies metro
line security
level after
Makkah attack
SEPANG: Prasarana Malay-
sia Bhd has increased the se-
curity level of Al Mashaaer Al
Mugaddassah Metro South-
ern Line (MMMSL) following a
foiled terrorist attack in Makkah
on June 24.
Its president and chief exec-
utive officer, Datuk Azmi Ab-
dul Aziz, said Prasarana would
be continuously improving the
MMMSL security aspect during
the haj season and work closely
with the Saudi authorities to en-
sure the highest level of security.
He said Prasarana had taken
additional security measures
by implementing strict screen-
ings on its personnel who had
to undergo another screening
by the Saudi authorities during
the visa application process for
Malaysians.
In addition, [the] MMMSL
also features more than 1,000
closed circuit cameras to mon-
itor the movements of pilgrims
using the service, he told report-
ers after the sending off ceremo-
ny of 49 MMMSL train captains
at Kuala Lumpur International
Airport here yesterday.
In the Saturday incident,
three terrorist groups, two based
in Makkah and one in Jeddah,
targeted the Masjidil Haram.
Azmi also said MMMSL per-
sonnel would face big challeng-
es such as an increase in num-
ber of pilgrims, from 300,000
last year to 350,000 expected
this year, coupled with the ex-
pected hotter weather of up
to 48C.
Working in the midday heat
will be very challenging and
they have to prepare them-
selves to avoid dehydration.
As of yesterday, a total of
50 Malaysian train drivers had
been stationed at the MMMSL
depot in Arafah since May to
conduct training and test-drive
the 15 sets of 12-car trains that
would be operating for seven
days during haj season from
Aug 29, he said. Bernama
ways and federal roads would
help ensure road users comply
with traffic rules at all times, as it
is a 24-hour enforcement system.
The AES cameras will be add-
ed as we (Malaysia) have a goal
of reducing the accident rate by
50% by 2020, as per the interna-
Ismail Man (right) showing how a motorist blocks out a registration number with black tape to avoid being caught on camera for
trac oences. The check was held as part of the Op Selamat 11/2017 campaign at Lebuhraya Pantai Timur 2 (East Coast Expressway
2) yesterday. Photo by Bernama
211 traffic summonses
issued in Terengganu
KUALA BERANG: A total of 211
summonses had been issued by
the Terengganu police during Ops
Selamat 11/2017 as of 1pm yes-
terday for various traffic offences.
Traffic Investigation and En-
forcement Department deputy chief
ASP Ismail Man said, of the total,
Mustapa: Priority is GE14, not party election
KOTA BARU: Kelantan Umno liai-
son chairman Datuk Seri Musta-
pa Mohamed has hit out at party
members in the state who are
focused on campaigning to win
party posts instead of making
preparations for the upcoming
general election.
The Umno supreme council
member said he was informed that
tional-level agreement, Ab Aziz
told reporters during his Aid-
ilfitri open house in Kampung
Parit Jelutong, Parit Raja, here
yesterday.
The Sri Gading member of
parliament said at present, about
50 AES cameras have been in-
173 summonses were issued for
exceeding the speed limit while
another 38 were for other offences.
From the offences recorded, we
have detected several vehicles that
had one of its numbers or letters cov-
ered by a black sticker to avoid being
identified, he told reporters in the Ajil
some members are campaigning
openly, despite the party lead-
erships announcement that the
party election had been postponed
to a date to be determined later.
This is something of a dis-
appointment for us (Kelantan
Umno). Members should not be
overzealous in campaigning for
party posts because our focus is
stalled nationwide.
He said all countries had been
urged to reduce their accident
rates by 50% by 2020, and this
poses a big challenge to Ma-
laysia as it is among those with
the highest accident rates.
Bernama
in 2015 with 62 cases, he added.
Rest and Service area here yesterday.
He said there were also drivers
who deliberately took out a num-
ber or a letter from the car regis-
tration plate, so the police would
not be able to identify them when
they committed traffic offences.
Bernama
to win the 14th general election
(GE14), he said.
He told reporters this when
met at a Hari Raya gathering for
Kelantan-born travellers, mem-
bers of non-governmental organ-
isations and civil servants at the
Kelantan Rural Transformation
Centre in Bandar Baharu Tun-
jong here yesterday. Bernama
H O M E 15
Sarawak re
and rescue dept
prepares for
possible drought
KUCHING: Sarawak Fire and
Rescue Departments prepara-
tions to face a possible drought
in the state usually starts after the
Chap Goh Mei celebration every
year, as that is the transition be-
tween the end of the monsoon
period and the beginning of the
wet season, said its director Nor
Hisham Mohammad.
He said in Sarawak, the area of
concern is in Miri, where the dry
weather often causes forest fires
that are quite difficult to control,
especially in peat soil areas.
During this period, he said,
the department would step
up field monitoring, as well
as aiming to work closely with
other agencies to ensure early
detection of forest fires so that
swift action could be taken to
prevent the situation from be-
coming serious.
All government
assets should step
up preparations,
including to ensure
sucient logistics
to send water
supply and food to
areas that would be
hit by the drought.
He said the department
would always study the pattern
of fire cases that occur during
this period, whereby the oper-
ations room would be opened
when there is more than 20 fire
cases in a day. The highest cas-
es recorded so far in a day was
Nor Hisham said this in
response to Sarawak Depu-
ty Chief Minister Datuk Amar
Douglas Uggah Embas recent
statement that the drought
phenomenon is predicted to
hit Sarawak between May and
September this year, with Miri,
Betong and Mukah expected to
be hardest hit.
Also the State Disaster Man-
agement Committee chairman,
Uggah said all government as-
sets should step up prepara-
tions, including to ensure suf-
ficient logistics to send water
supply and food to areas that
would be hit by the drought.
Nor Hisham said the depart-
ment has a standard operating
procedure to handle fire cases
in Miri, as the division often
witnesses increasing numbers
of such cases in the dry season.
He added that the number
of personnel in the field would
also be increased and the de-
partment would enhance its
air surveillance as well.
If a fire is detected in plan-
tations, we will normally in-
form their management be-
cause the plantations have
their own firefighting squad.
Bernama
16 FO CU S T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Ready for
her next fight
Rekindling her youthful activism, Indonesias
fearless Finance Minister Sri Mulyani wants to
recharge Southeast Asias largest economy
BY EN DA C U RRA N, Y U DI TH HO Aburizal Bakrie, former chairman of Golkar,
& K A R L I S SA L N A a major political party, and Tommy Suharto,

T
son of the countrys former dictator to bring
he mood in the meeting should more than US$330 billion (RM1.42 trillion) to
have been tense. Seventy bank the attention of the tax office.
analysts gathered in January at
the Indonesian finance ministry, Mixed success against corruption during
a sprawling stylistic mix of art her rst spell as nance minister
deco and 19th century East In- A former university academic, Sri Mulyani
dies colonial, and made their way to a tower fought graft during her first spell as finance
dubbed the devils building for the hexagram minister from 2005 to 2010. She was forced out
formed by its blue-tinted windows. after making enemies of powerful Indonesians,
Hostile questions for the finance minis- including Bakrie. Before returning last year,
ter, Sri Mulyani Indrawati, seemed inevita- she won praise during six years as managing
ble; some of the attendees might even stage director of the World Bank in Washington. Sri Mulyani has earned a reputation for toughness. Photo by Bloomberg
a protest. JPMorgan Chase & Co analysts Back in her old job, Sri Mulyani has also
had, following the US presidential election, vowed to clean up the tax office itself, an in-
put a sell order on Indonesias equities. The stitution long beset by corruption. It was a nearby river that the children pooled funds to head of the universitys economics research
finance ministrys response was swift, deci- challenge she took up with mixed success the build a second floor for their parents. arm in 1998, just in time to witness students
sive and resolute: immediate termination first time around. Shes confronting it again: When Ani, as shes known to her family, taking to the streets in May of that year. They
of all business partnerships with the bank. In a country of 260 million people, only about was growing up, money was tight. Her mother, rose up to protest the governments response
Now, two weeks had passed, and JPMorgan 10 million filed a tax return in 2015. Now, Sri to supplement what she made at Semarang to the devastating impact of the Asian finan-
had reversed its bearish call, but the shiver Mulyani plans to revamp the overall taxation State University, ran a food co-op and sold cial crisis the year before: widespread lay-offs
was still reverberating through the research system and double the number of auditors to an inexpensive traditional fabric, lurik, com- and bankruptcies, with more than half the
arms of global banks as the ministry consid- widen the tax base. monly worn by Javanese farmers. Splurging population slipping below the poverty line.
ered preventing them from issuing negative The tax clean-up is politically crucial for on birthdays meant a whole chicken to share This was a crucial time for Indonesia
reports. (JPMorgan declined to comment.) Widodo and therefore Sri Mulyani herself. He at the crowded family table. Well, we werent and a formative one for Sri Mulyani. Indeed,
Sri Mulyani a stylish, 54-year-old econ- won his bid for the presidency in 2014 on a poor; we had just enough to get by, said one her evolution as a technocrat and a politician
omist who combines Indonesian batik with campaign pledging zero tolerance of corrup- of Sri Mulyanis sisters, Nining Indroyono with, as she said, the fire in your belly, can
Anne Klein kitten heels has earned a rep- tion. Having once run a furniture business, he Soesilo. The joy is in the solidarity of sharing be traced back to those days. Most other fac-
utation for toughness. She was finance min- came from outside Indonesias traditional po- one chicken. ulty members at the state-owned university
ister in the 2000s and returned to the job last litical elite and enjoyed a meteoric rise since refrained from joining the demonstrations,
year, charged with a reform agenda thats so entering politics in 2005 to run for mayor in Getting this far was an accident but the research centre Sri Mulyani ran was
ambitious it seems audacious. his hometown of Solo, Central Java. When Sri Mulyani announced that she was independent, so she went along to the man-
As she addressed the quarterly meeting If the reform agenda stumbles, Indone- going to study economics her way of step- ifestations at the Parliament building.
of analysts, she likened those who are impa- sia, for all its economic potential, could end ping out of the shadow of her academically Within days, the 30-year reign of Suharto,
tient with the government to her three-year- up looking like a nation adrift ambling gifted older siblings her parents thought whom Transparency International would later
old grandson when he got restless during car around, as Achmad Sukarsono, Indonesia she would end up as a bank teller. Getting as classify as one of the most corrupt leaders of
journeys. Although such behaviour might be analyst at Eurasia Group Ltd in London, put far as she has was an accident, she said. At- all time, came to an end. What followed was a
expected of a toddler, she said, it was uncalled it. The worlds fourth-most populous nation tending economics classes at the University of hopeful but turbulent period known as Orde
for from investors who wished the govern- and most populous Muslim nation, Indonesia Indonesia, she saw the unequal opportunities Reformasi, the era of reformation.
ment would just hurry up, jump through the is blessed with some of the richest reserves of afforded to a clique of students surrounding Sri Mulyani recalled those days with bitter-
necessary hoops and get on with the reform natural resources on the planet, and crucially, a privileged student, Siti Hediati Hariyadi, sweet nostalgia. I was an activist at that time,
agenda. I dont want you to ask me, Are we its a near neighbour to China and its voracious known as Titiek, daughter of then-president she said. I was very active in really advocating
there yet? she said. If you ask me that, I consumer demand. And yet, its promise has Suharto. It was then that she knew what she against what we saw as the wrong policy, the
would think you are unprofessional or you been heralded for decades and fallen short. wanted to pursue in life. That feeling of ex- wrong approach. She also remembered the
are not competent. Indonesia has suffered from its reliance on clusion was very strong, Sri Mulyani said. If anguish she felt when she learnt that several
Sri Mulyani was clearly back in town, and commodities, and thats still the case, said you are not a friend of those people, then your student protesters had been shot and killed.
the message was coded but simple: her min- Rajeev de Mello, Singapore-based head of career path is going to be very different, and It was televised, she said. I was in a TV in-
istry, her rules. She was going to clean house Asian fixed income at Schroder Investment that is exactly what influences very strong- terview, crying.
and, if she had to, break some glassware Management Ltd. But there are signs of ef- ly the way I think about economics and the
in the process. forts to diversify. economy in Indonesia. Aftermath of Asian nancial crisis laid
And the bankers? Rather than protest or Sri Mulyani wants to be part of her coun- She may not have been part of Titieks the groundwork for real reform
hurl hostile questions at Sri Mulyani, they trys turnaround. Indonesia is a bit of an out- crowd, but Sri Mulyani was among the hand- The Asian financial crisis and its aftermath
mobbed her for selfies. Before long, social lier, she said. Shes sitting in her outer office, ful of students the university chose to study racked Indonesia. The crisis destroyed the
media sites were awash with images of the where she prays five times a day, surrounded overseas on scholarships. This placed her foundation of the financial system, she said.
smiling finance minister and the analysts who by thick volumes on economic policy and on a well-trodden path for elite graduates of It had been abused, only to become a ma-
fell under her spell. It was a striking display coffee-table books depicting the riches of the University of Indonesia, which has been chine for reproducing this kind of wealth and
of respect, if not affection. the Indonesian archipelago. People say, Oh a breeding ground for many of the countrys welfare for an elite. But those days, she said,
Since joining Joko Widodos (Jokowi) yeah, I know about Indonesia. But its a little finance ministers, central bank governors also laid the groundwork for real reform
dream team cabinet in Southeast Asias bit distant on your mental map. Indonesia is and presidential economic advisers. Her se- an opportunity for rebuilding.
largest economy last July, Sri Mulyani has been vulnerable to this because people dont really lection reflected a practice the Javanese call The rebuilding began with Megawati Soeka-
the presidents chief instrument in a push to understand it that well. ijon, meaning to buy something before its rnoputri, daughter of Indonesias founding
get millions of Indonesians to take part in a Sri Mulyani grew up in Semarang, Java, in a ripe and at a lower price than you might pay father Sukarno. After she became president
tax amnesty. The tax reprieve, which ended home where books and research papers were otherwise. So even then, said Ari Kuncoro, a in 2001, she set a 3% legal limit on the budget
on March 31 and was a key plank in Jokowis the familys main sources of entertainment. classmate whos now dean of the universitys deficit, boosted tax revenue 50% in four years
reform agenda, levied generous penalty rates She was one of 10 children born to education economics department, she showed promise. and established the Corruption Eradication
as low as 2% to allow those who have been hid- professors who, in turn, coaxed their offspring With her scholarship, Sri Mulyani pursued Commission, which has brought to justice
ing their true wealth to clear up their affairs, into careers as academics, doctors and engi- a doctorate degree in economics at the Uni- government ministers, among others.
no questions asked. Its already prompted neers. Sri Mulyani and her siblings still return versity of Illinois at Urbana-Champaign from In the parallel world of non-governmental
businesses and individuals who had stashed home during the Aidilfitri holiday to a peach- 1988 to 1992, before returning to Indonesia organisations, meanwhile, Sri Mulyani was
money at home and abroad including and-green house so frequently flooded by a to teach at her alma mater. She became the doing her bit. She worked as a US Agency
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Tax reform is at the heart of what the ex-IMF director does
for International Development consultant
engaged in strengthening local government
institutions and in training budding journal-
ists how to hold finance ministers and central
bankers accountable. In 2002, she moved on
to represent Southeast Asia as an executive
director on the board of the International
Monetary Fund (IMF).
Eventually, the Indonesian economy re-
vived, aided by a commodities boom, Chinas
surging growth, and reforms of the banking
sector and exchange rate mechanisms. By the
early 2010s, Moodys Investors Service Inc and
Fitch Ratings Ltd had lifted the governments
debt out of junk status and, since then, sig-
nalled the possibility of more upgrades soon.
S&P Global Ratings Inc, the only one of the
three main rating companies that has a junk
score on Indonesias credit, said in a Jan 10
report that it may raise the countrys rating in
2017 or 2018 if the books continue to improve.
For its part, the Jokowi government is
pumping money into roads, ports, airports
and railways, and is aiming to achieve a 7%
growth at some point during the final three
years of the presidents current term.
At the height of the global financial crisis in
October 2008, midway through her half-dec-
ade as finance minister, Sri Mulyani was in
Jakarta drafting an emergency economic
response to the meltdown when she learnt
that her mother had died. She stepped out
of the room to hear the news, then immedi-
ately went back in to continue working. Just
before midnight, she flew home for the funeral
in Semarang. The next day, she returned to
Jakarta to announce the emergency meas-
ures she had drawn up. [My] mother was
a very tough woman whose message had
always been, Fight for the country and be
professional, said Sri Mulyanis sister Nin-
ing. Thats why Ani was strong enough to
stay and finish her job.
Three years earlier, then-president Susilo
Bambang Yudhoyono persuaded Sri Mulyani
to take over the finance ministry. His charge
to her: Cool inflation, almost 18% at the time,
without choking the wider economy. But Sri
Mulyani had other things on her mind, too.
Wayne Swan, who was treasurer of Australia
at the time, said Sri Mulyani had given voice
to the developing world as prime ministers,
presidents and finance ministers criss-crossed
the globe in a scramble for solutions to the
financial crisis. She was laser-like in her
focus, Swan said, and through her, the de-
veloping world had a seat at the table.
Resignation in 2010 ended in tears
Having risen well beyond the bank tellers job,
her parents once worried she would have to
settle for, Sri Mulyani lost her lofty position in
2010. She had been under fire for some time.
In the aftermath of the crisis, opposition poli-
ticians claimed that she abused her authority
in granting a 6.7 trillion rupiah bailout of PT
Bank Century in 2008 to prevent the collapse
of 23 other banks. Also that year, she clashed
with Bakrie, the ex-Golkar party chairman,
when she opposed closing the Jakarta bourse
as shares in companies linked to him plunged.
They had a difference of opinion, said Lalu
Mara Satriawangsa, a spokesman for Bakrie.
But it was never personal.
It was a harrowing time, and it ended in
tears. Following her resignation and before she
flew off to Washington to work for the World
Bank, Sri Mulyani held a press conference.
I can finally cry now because Im no longer
the finance minister, she told reporters. If
the minister of finance cries, then the rupiah
will be volatile.
Despite what Sri Mulyani went through
during her first stint as finance minister, her
family understood why she returned last year
to have another crack at it. Her siblings never
said to her, Your life was better in Washing-
ton, according to her sister Nining. She had
been making good money at the World Bank:
US$409,950 in 2015. As finance minister in
Indonesia, her base salary would now fall to
about 220 million rupiah (RM70,926) a year.
Coming home to serve her country was what
her parents would have wanted Sri Mulyani
to do. Nining said: We knew her reason for
coming back was simple.
The activist spirit kindled back in 1998 is
still there. During an interview in her office at
the finance ministry, with some of her team
members present, she expressed disdain for
the kind of person who loves the power, who
loves the money, and is simply greedy. She
added that she wants to slash them away,
saying: We have the moral authority to cut
and chop those people.
Sri Mulyani lives behind the Indonesia tax
office building in an official residence thats
part of a complex of ministerial houses. Shes
married to Tonny Sumartono, an economist;
they have two sons and a married daughter
(the mother of the toddler who featured in
Sri Mulyanis January parenting lesson to
bank analysts). Given her reputation for
toughness, people who know Sri Mulyani
joke that its no coincidence that she keeps
a feisty bantam rooster in the backyard and
fighting fish in a tank in her dining room. I
have never really struggled with speaking
my mind, she said.
John Lipsky, a senior fellow at Johns Hop-
kins University and a former first deputy man-
aging director of the IMF, who knew Sri Muly-
ani in Washington, said: She is not typically
enamoured of squishy, soft ideas. Her eye is
always on producing results. In Jakarta polit-
ical circles, theres periodic speculation that
Sri Mulyani might one day run for elected
office. But if she harbours such ambitions,
she hasnt signalled them publicly.
Talking about tax in sleep
Even my husband told me, Ani, you were
talking in your sleep again about tax.
Her diary is chock-a-block with meetings
suggesting the challenges that she and In-
donesia faces.
Tax reform is at the heart of what she does.
A popular meme lit up social media after Sri
Mulyani returned to Jakarta last year. It showed
her gripping a pistol and taking aim at an
imagined tax dodger, with the words Who
hasnt joined the tax amnesty?
The tax programme, which Jokowi intro-
duced before Sri Mulyani left Washington,
had raised 116 trillion rupiah by late March.
The compliance record of Indonesians is
notoriously poor. Even so, the amnesty
under which tax-avoiding individuals and
companies pay as much as 10% in penalties,
or about a third of the top income tax rate
has its critics. The Organisation for Eco-
nomic Cooperation and Development said
the programme favours those who cheat and
penalises those who dont.
Sri Mulyani was embarrassed and indig-
nant last year when a mid-ranking tax official
was arrested in connection with an alleged
scheme to help a businessman avoid a US$5.8
million bill. She sent copies of a handwritten
note around to tax office staff, saying she was
devastated by those unfaithful acts, which
betray the values and integrity we all hold.
Still, we should vent our disappointment by
working even better, even harder, to achieve
even higher. We will, together, sanitise our
finance ministry from such individuals who
bring down the reputation of our institution.
In January, she brought her message in
person to the tax office. She addressed more
than 500 mostly male tax officials dressed in
sky-blue shirts and navy ties following a rous-
FO CU S 17
ing rendition of the tax agencys official song.
From my house, she told them solemnly,
whenever I look over, I can see the lights
still on at the tax office building, and I know
you are all working hard. So, if someone calls
you lazy, you wouldnt be offended; its not
true. But if someone calls you incompetent
or unprofessional, you would be offended
because its partly true.
She lightened the mood with some humour.
She told the sea of blue that her title might
as well be minister for tax given how large
the issue looms in the governments agenda.
Its always about tax, tax and tax, she said.
For all the credit she has received as a tax
crusader, doubts remain over whether Sri
Mulyani can meet government income targets.
Seeking a 20% revenue increase this year is
too aggressive when you dont have that mas-
sive boost from the tax amnesty programme,
said Joshua Tanja, local country head of UBS
Group AG, at an investment outlook seminar
in March. What we will end up seeing is an-
other adjustment to government spending.
Sri Mulyanis handling of the JPMorgan
affair didnt go over universally well either. I
dont agree with Sri Mulyani with this kind of
action against analysts, said Eurasia Groups
Sukarsono. He said its wrong for a minister to
seem to be placing limits on analysts assess-
ments. If you want to give good analysis, he
said, then you have to have the freedom to
make it. In addition, said Bakrie spokesman
Satriawangsa, A good friend would criticise
even when its unpleasant. She should know
and accept this.
Alan Richardson, an investment man-
ager at Samsung Asset Management Ltd in
Hong Kong, said Sri Mulyanis run-in with
JPMorgan needs to be put in context. I
wouldnt fault Sri Mulyani, he said, because
I suspect she was frustrated that structural
reform progress is being overlooked. After
all, the government has made progress in
sustaining fiscal discipline, namely com-
mitting to and remaining below the fiscal
deficit target of 3% of GDP (gross domestic
product), implementing structural reforms
such as the tax amnesty and removal of fuel
subsidies both of which should enhance
future fiscal performance.
As for Sri Mulyani, she said that of course
analysts shouldnt be limited to saying only
good things about Indonesia. This isnt the
case, she added. But without addressing the
JPMorgan issue directly, she made it clear that
her job is to promote and defend her country,
even if that means breaking some glassware.
Its again touching the issue of justice, she
said. Where is the justice if the country has
been treated unfairly? Bloomberg
18 C O M M E N T
Why investors shy away from S Arabia
A continual stream of bad news and threatened disruptions to business deters them
BY RO B I N M MI L L S
A
s oil prices have
slumped into the low
US$40s (RM172) per
barrel, a new eco-
nomic model that
would offset the loss-
es for the Opec is more urgent than
ever, yet multiple Middle Eastern
conflicts are making that tougher
to achieve. Its clear that oil, gas,
refining and petrochemicals alone
cannot provide the jobs and diversi-
fication that the Middle East needs.
Put simply, a continual stream of
bad news and threatened disruptions
to business deters new investors,
especially those from far away who
lack the know-how to pick their way
through local complexities. The scale
of the challenge is stark, even for Sau-
di Arabia. There is only room for one
Dubai (in the United Arab Emirates
[UAE]) the financial, logistics and
tourism hub in the Gulf.
Even if Saudi Arabia were to de-
velop a Dubai of its own, it would
represent only 15% of gross domes-
tic product (GDP). Qatar can live
comfortably off its liquefied natural
gas exports, but if its siege is pro-
longed, its aspirations in aviation,
tourism and the 2022 World Cup
will lie in ruins.
In the regions more stable coun-
tries, which have low production
costs, energy investments remain
attractive, despite tough fiscal terms.
For the more troubled nations, large-
scale international investment is
scarce outside secure enclaves.
At least keeping them operational
is essential to maintaining a function-
ing state, which can gradually reassert
control. Governments and foreign
players together need to realise that
security and business-friendliness
are not alternatives but inseparable.
In four countries in the Middle
East and North Africa, the growth
Singapore dreams of its own J P Morgan
BY A N DY MU KHERJEE
THERE are no new ideas in bank-
ing. The revolutionary thinking in
finance is usually dusted off from the
archives. Singapores plan to let bank-
ers play businessmen is no different.
Thats what J P Morgan was: a
banker-businessman who created US
Steel and controlled railroad pricing.
Now, the city state wants its guardians
of other peoples money to engage in
permissible non-financial business-
es up to 10% of their shareholder
funds. What should investors make
of this back-to-the-future move? Wid-
ows and orphans should be a little
nervous. Already, shares in Australi-
an, Japanese and Hong Kong banks
hold the promise of higher dividend
yields than their three home-grown
and even survival of the energy
industry is threatened by violent
conflict. In Syria and Yemen, oil and
gas production has almost dried
up, and there is no end in sight to
multi-sided civil wars.
Libyas oil has rebounded in re-
cent months with a series of polit-
ical deals to reopen terminals, ap-
proaching 900,000 barrels per day
(bpd), its highest level since July
2013. That will be difficult to sus-
tain given the continuing division
between weak competing govern-
ments in the west and east of the
country, and a looming fiscal crisis.
Iraq, with Mosul almost recap-
tured from the Islamic State, and
investment picking up again in its
southern fields, has prospects for
strong gains in production this year,
perhaps to above five million bpd
from the current 4.4 million. But
an increasingly complex situation
along the Syrian border, with US,
Kurdish, Turkish, Russian and Irani-
an interests clashing, is one worry;
Singapore cousins, whose expected
payouts over the next year range be-
tween 3.2% and 3.5%. Landlords in
Singapore make more from renting
out apartments. If lenders were to
invest a tenth of their US$82 billion
(RM352.6 billion) in common equity
into e-commerce platforms, the US$2
billion they paid out over the past 12
months could also be at risk.
With risk, however, could also
come outsize rewards. Double-dig-
it returns on equity are becoming rare
in developed Asian banking markets
outside of Australia. If by deploy-
ing capital outside of lending and
advising, DBS Group Holdings Ltd
(DBS), Oversea-Chinese Banking
Corp (OCBC) and United Overseas
Bank Ltd (UOB) can squeeze a cou-
ple of percentage points of extra juice
from their return on equities (ROEs)
battered by bankruptcies in the
offshore and marine services indus-
the Kurdistan regions September
referendum on secession is another.
The six wealthy states of the Gulf
Cooperation Council, long an oasis in
the regions conflicts, are increasingly
involved, too, backing various sides
in the Syrian and Libyan civil wars.
The war of words with Iran has
heated up since US President Don-
ald Trumps recent visit to Saudi
Arabia, which claims the Iranians
made an incursion to the offshore
Marjan oilfield. Saudi Arabia and
the UAE began their costly inter-
vention in Yemen in March 2015,
and over the last two weeks, the
two countries along with Egypt and
other allies have been blockading
their neighbour Qatar.
The young new crown prince of
Saudi Arabia, Mohammed Salman, is
not known for indecision. He is deal-
ing with Trump on regional politics
and President Vladimir Putin of Rus-
sia on Opec, and is closely involved
with the move into Yemen and the
embargo on Qatar, overruling his
try then nobody should complain.
It all depends on the nature of the
bets. E-commerce is a winner-take-all
derby, and finding the right horse to
back is often a matter of dumb luck.
Besides, Singapores state investment
fund owns more than 29% of DBS. If
the latter decided to become an equity
owner of future national champions,
investors in the bank could be riding
white elephants. The island state is
thankfully both more pragmatic and
more prudent to go down that route.
In 2000, then finance minister Lee
Hsien Loong, whos now prime min-
ister, told the Association of Banks in
Singapore that the Asian financial
crisis of 1997-1998 underscored the
dangers of commingling financial
and non-financial activities within
a corporate group. Singapores lo-
cal lenders were then asked to wind
down such cross-shareholdings.
The threat assessment has
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
more cautious predecessor Prince
Mohammed Nayef. With prices fall-
ing back to where they were when it
started, the Opec deal cutting pro-
duction now looks shaky. But even
if it does succeed, it is no more than
tinkering around the edges of what
the regions oil exporters need.
So at the same time, the prince
is spearheading the transformation
of the Saudi economy the initial
public offering of Saudi Aramco, the
privatisation of other companies,
and ambitious future-oriented in-
vestments in Uber, a US$93 billion
joint fund with Japans Softbank,
and an e-commerce venture with
Dubai businessman Mohammed
Alabbar. Costly energy subsidies
are being scaled back, and progress
is finally being made on exploiting
the kingdoms rich renewable en-
ergy resources.
The emergent Saudi economic
aspirations owe much to the ex-
ample of the UAE, both Abu Dhabi
and Dubai, but with more stress on
changed. Lenders now fear that
theyll be made irrelevant by BAT
Baidu Inc, Alibaba Group Hold-
ing Ltd and Tencent Holdings Ltd.
The Chinese trio is expanding in
Southeast Asia and will use its grow-
ing expertise in everything from pay-
ment systems to funds management
to outgun Singapores banks, which (MAS) releases operational guide-
still take a day to deposit a cashiers
order into a customers account. Its
only now that retail clients of DBS,
OCBC and UOB, as well as local cus-
tomers of Citibank Singapore Ltd,
HSBC Holdings plc, Malayan Bank-
ing Bhd and Standard Chartered plc,
are being allowed to do interbank
fund transfers via mobile phones
free of charge without knowing the
receiving parties bank account de-
tails. Cutting-edge Singapore is em-
bracing a functionality that already
exists in Thailand and India.
As banks dismantle their lazy,
industry, including mining. That
makes sense, given the countrys
mineral endowment and existing
industrial base, particularly its
world-scale petrochemical giant
Sabic. Yet expanding energy-inten-
sive businesses while raising energy
prices and taxes is a tough balance.
Eighty-five percent of exports are
oil; 12% are chemicals. Saudi Ara-
bia needs big bets in new areas,
while investment funds are scarce.
With Prince Mohammeds pro-
motion, the government restored
salaries and bonuses, previously cut
to shore up the budget deficit. This
lack of fiscal discipline is a concern,
and undermines the attractiveness
of the private sector, which employs
just 30% of Saudis, a number target-
ed to rise to 50% as soon as 2020.
Across the region, subsidy cuts,
austerity and unemployment are
reminders of the grievances that
fuelled the revolts of 2011.
According to the World Bank,
Saudi Arabia in 2015 spent 13.5%
of its GDP product US$87 bil-
lion on defence. It was second
in the world only to neighbouring
Oman, peaceful but even more fis-
cally vulnerable, which spent 14.2%.
Defence costs accounted for essen-
tially all of the kingdoms budget
deficit that year. Expenditures by
its greatest rival, Iran, were only 3%.
Even in the peaceful parts of the
region, these conflicts deter inves-
tors, and distract policymakers from
the urgent and existential task of
building 21st century economies. For
the war-wracked states, even holding
together inherited 1970s-style econ-
omies is near impossible. Economic
stagnation in turn fuels a Hobbesian
conflict over a shrinking pie. Low oil
prices starve countries of funds for
transformation or reconstruction,
but they should at least concentrate
minds on the urgency of reform.
Bloomberg
float-based business models, they
need to muscle up elsewhere. So,
speaking at the same annual dinner
of bankers where his prime minister
banned commingling 17 years earli-
er, Finance Minister Heng Swee Keat
proposed to allow it again. After the
Monetary Authority of Singapore
lines in September, lenders can in-
vest in any business that is related
or complementary to their core fi-
nancial activities. The MAS wont let
them invest in real estate and hotels,
however. Becoming the owner of a
fleet of flying taxis would still be fine,
one imagines. If 20 years from now,
Singapores biggest banker is found
mediating a minimum fare lest all
owners of air capsules go broke, pol-
iticians will shout, Gilded Age! and
bring back anti-commingling laws.
There really are no new ideas in
banking. Bloomberg
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Cable giants
Sprint mobile
telephony
lurch bound for
crossed wires
BY JEN N I F ER SA B A
NEW YORK: A lurch by US ca-
ble giants Comcast and Char-
ter Communications into mo-
bile telephony is bound for
crossed wires. The two dom-
inant operators are in talks
with wireless carrier Sprint
that may include a range of
options from the use of air-
waves to an outright acquisi-
tion. Wherever they end up,
a mnage--trois involving
moguls John Malone, Brian
Roberts and Masayoshi Son
is likely to be ungainly.
How these three got to this
point is all a bit odd. For start-
ers, The Wall Street Journal
(WSJ) reported on Monday,
Sprint entered into a two-
month exclusive period for
negotiations with Charter,
controlled by Malone, and
Comcast, led by the Roberts
family. Sprint shares popped
6% on Tuesday morning.
Charter and Comcast are
currently bound by an unusual
pact formed in May to jointly
expand their cellular ambi-
tions. The partnership prevents
either from making a material
investment or acquisition in
a wireless outfit without the
others consent for a one-year
period. Comcast rolled out a
mobile initiative in April using
Verizons network while Char-
ter has similar designs.
Meantime, Son, who con-
trols Sprint though Japanese
conglomerate SoftBank, has
been agitating to do a deal for
ages, starting by merging Sprint
with T-Mobile US. They are the
No 3 and No 4 mobile carriers
in the United States, and have
been locked in battle over the
price-conscious clients of rivals
AT&T and Verizon.
However their discussions
proceed, it is hard to imagine
the three alpha executives eas-
ily coming to any agreement.
Malone is known for whipping
up devilishly complex struc-
tures that unusually involve
a maze of tracking stocks and
holding companies. Malone is
trying to convince a sceptical
Roberts to buy the troubled
Sprint, valued at US$65 billon
(RM279.5 billion) with debt,
the WSJ reported.
Roberts, though, could be
tempted by the cost savings a
deal would bring. New Street
Research reckons as much as
US$6 billion can be shed an-
nually in network operating
and capital expenses. Taxed at
roughly 35% and capitalised,
the present value of savings
could reach nearly US$40 bil-
lion. With a potential windfall
like that on the horizon, even
the oldest of dogs might be
convinced of a three-headed
trick. Reuters
Platts proposes Qatar
crude curb removal
The move comes after the lifting of some shipping restrictions
BY JESSICA JAGANATHAN
SINGAPORE: Oil price agency S&P
Global Platts is proposing to remove
from next month restrictions it had
placed on Qatari crude in its pricing
assessment after Saudi Arabia and
some other Arab states cut ties with
Doha, a spokesman said yesterday.
Platts, a unit of S&P Global Inc,
initiated a review on June 6 on the
deliverability of crude loading from
Qatari ports in its Middle East crude
price assessments after Saudi Ara-
bia and the other states moved to
isolate Qatar over charges that it
was supporting terrorism.
The dispute disrupted Gulf ship-
Nestle gives an inch but Loeb wants more
BY CLAIRE BOSTON
& SCOTT DEV EAU
NEW YORK/TORONTO: Nestle SA
made its first concession to activ-
ist investor Dan Loeb, announc-
ing on Tuesday a US$21 billion
(RM90.3 billion) share buy-back
plan to boost its stock price. Do
not expect Loebs Third Point LLC
to stop there.
Behind Loebs campaign is a
push for Europes largest compa-
ny to follow many of its blue-chip
Oils record bearish bets prompt warning of violent rally
BY ALEX LONGLEY & JAVIER BLAS
LONDON: On the surface, the oil
market is getting worse and worse:
There are now more bearish bets on
benchmark Brent crude than at any
time in at least six years. But to many
traders, that is a signal prices are vul-
ping routes and raised problems
with oil and gas deliveries. That
prompted Platts to stipulate that
during its review Al-Shaheen load-
ing from Qatar could not unless
mutually agreed by buyer and seller
be nominated for delivery once
a deal had been struck in its pricing
process known as market-on-close.
Platts is now proposing to include
Al-Shaheen crude loading nomina-
tions from Qatar from July 3, follow-
ing feedback from market partici-
pants that some shipping restrictions
have been lifted, the company said
in a subscriber note to its clients.
Platts has also observed vessels
berthing at key co-load ports in the
peers in sacrificing top-notch credit
ratings to capitalise on rock-bottom
interest rates.
Two days after the hedge fund
manager announced his stake in
Nestle, the company announced the
share repurchase plans, which would
boost its leverage to 1.5 times a meas-
ure of earnings by 2020 from a ratio
of about one time. That is unlikely to
please Loeb, who is urging the pack-
aged food giant to increase leverage to
at least two times to produce enor-
mous capacity for share buybacks,
nerable to a sudden, sharp rebound.
Oils ripe for a so-called short-cov-
ering rally where traders who
sold contracts hoping to benefit from
falling prices buy them back to take
profits or avoid losses. Short posi-
tions held by speculators in Brent
rose to 169 million barrels last week,
W O R L D B U S I N E S S 19
region before or after calling at Qatar
for loading, clearly indicating that
co-loading is normalising in the Gulf,
including in the United Arab Emir-
ates (UAE) and Saudi Arabia, it said.
Shipowners and charterers have
received official notifications that
clearly indicate that vessels may call
at Gulf ports on the way from, or on
the way to, Qatar ports, Platts added.
Market participants have in-
formed Platts, the price agency said,
that while certain restrictions re-
main in place, port guidance from the
UAE, Saudi Arabia and others have
relieved concerns about possible
logistical constraints impacting any
co-loading of Qatari crude. Reuters
according to a letter to investors in
his hedge fund Third Point.
While Nestles willingness to
push up its leverage slowly is a
reversal of chief executive officer
Mark Schneiders previous poli-
cy on buy-backs, it would put the
company more in line with other
corporate titans that have let credit
ratings slip in an effort to boost a
measure of profitability.
Nestle shares rose as much as
1.7% in early Zurich trading yes-
terday. Bloomberg
the highest since records started in
2011, according to exchange data.
The market is vulnerable to a
very violent short-covering move,
said Thibaut Remoundos, founder
of Commodities Trading Corp Ltd,
which advises on hedging strate-
gies. Bloomberg
IN BRIEF
Domestic price pressures
buy time on UK rates
LONDON: Bank of England
(BoE) deputy governor Jon Cun-
liffe helped draw the battle lines
for the August interest-rate deci-
sion, saying that policymakers
have time before they need to
hike. While some members of
the BoEs rate-setting committee
have argued that consumer-price
inflation of 2.9% means an in-
crease in bank rate is required
imminently, Cunliffe said that
has been driven by the pounds
depreciation since the Brexit ref-
erendum and that wage pres-
sures have remained low. Infla-
tion above the 2% target is not a
comfortable place, Cunliffe said
in an interview on BBC radio.
However, we do have to look at
whats happening with domestic
inflation pressures and on the
data we have at the moment,
that gives us a bit of time to see
how this evolves. Bloomberg
Dixons Carphone sees no
cause for alarm
LONDON: UK electronics sell-
er Dixons Carphone plc said
it is cautiously upbeat on the
consumer economy, bucking
the gloomy sentiment among
non-food retailers as the coun-
trys political upheaval saps
spending. Demand for electri-
cal products from Sonos sound
systems to fridge freezers is
holding up in the face of an in-
decisive election result and the
start of Brexit negotiations, the
retailer said as it reported full-
year earnings that beat analyst
estimates. Our electricals busi-
ness is the general bellwether
of consumer confidence and
it continues to trade robustly,
chief financial officer Hum-
phrey Singer said. Bloomberg
Deutsche Bank to face up
to US$60m derivative loss
NEW YORK/LONDON/
FRANKFURT: Deutsche Bank
AG, the German lender seeking
to overhaul how it manages
risks, made a bet on US inflation
that puts the firm on course to
lose as much as US$60 million
(RM258 million), people famil-
iar with the matter said. The
trade used derivative products
tied to US inflation, said the
people. The Frankfurt-based
lender has been examining
whether Deutsche Bank trad-
ers breached risk limits on the
deal, some of the people said.
The case has been escalated to
the banks supervisory board,
one person said. Bloomberg
Philips buys US cardiac-
implant rm for 1.9b
THE HAGUE: Dutch electronics
giant Philips announced yester-
day it was buying for 1.9 bil-
lion (RM9.28 billion) a special-
ist US company manufacturing
ground-breaking treatments
for heart and vascular diseases
to broaden its health portfolio.
The Amsterdam-based compa-
ny said it would acquire Spec-
tranetics, which has developed
a range of lasers and balloons
for treating blockages in car-
dio and arterial vessels. AFP
20 W O R L D B U S I N E S S
Bank of
England tries
surrogate
interest rate
hike
BY PET ER T HA L L A RSE N
LONDON: Mark Carney seems
to prefer scalpels to sledge-
hammers. Forcing banks to
hold bigger capital buffers,
as the Bank of England (BoE)
governor did on Tuesday, is
a finely honed way of reining
in frothy consumer finance.
But eventually Carney and his
colleagues will have to push
through the higher borrow-
ing costs they keep warning
lenders about.
If interest rates are the
heavy machinery of economic
management, the countercy-
clical capital buffer is more
precise. It allows regulators to
raise and lower capital ratios,
thereby influencing banks
ability to cope with shocks.
Following last years Brexit
referendum, the BoEs Finan-
cial Policy Committee (FPC)
lowered the buffer to zero. It
has now lifted the ratio back
up to 0.5%, and scheduled a
similar increase for November.
All in, the minimum amount
of capital that UK banks have
to hold will increase by 11.4
billion by November 2018.
The industry can cope with
the demands: UK banks com-
bined common equity Tier
1 capital ratio was 13.9% in
March, and their combined
leverage ratio is over 5%, well
above the BoEs proposed
minimum of 3.25%. Shares
in most British lenders closed
higher on Tuesday.
Even so, the FPC remains
worried about signs of excess,
particularly in car finance and
credit cards. UK consumer
borrowing jumped 10% in the
year to April, far exceeding
growth in income. Higher in-
terest rates could leave bor-
rowers struggling to service
their loans, and lenders with
higher bad debt.
But warning about high-
er rates is no substitute for
the real thing. Its a decade
since the BoEs Monetary
Policy Committee (MPC)
last increased official bor-
rowing costs. Some rate set-
ters are getting itchy: three
of the MPCs eight members
voted to raise rates in June,
and while one is leaving, BoE
chief economist Andy Haldane
has hinted he may join them
next time.
On Tuesday Carney bat-
ted away accusations, voiced
by departing MPC member
Kristin Forbes in a speech last
week, that broader post-crisis
responsibilities which in-
clude worrying about financial
stability had distracted the
central bank from fighting in-
flation. Even so, the blunt tool
of higher rates cannot remain
in the box forever. Reuters
Toshiba sues Western
Digital for 120b
It also seeks to stop the US firm from interfering in its chip unit sale
BY PAV EL ALP EYEV
TOKYO: Toshiba Corp sued Western
Digital Corp in a Japanese court, ask-
ing for 120 billion (RM4.6 billion)
in damages and seeking to stop the
US company from interfering in the
sale of its chip unit, escalating a le-
gal tussle between the companies.
The litigation, filed yesterday
in Tokyo District Court, seeks to
stop Western Digital from making
ownership claims over the enter-
prise that Toshiba is trying to sell.
The Japanese company said in a
statement that Western Digitals
employees improperly obtained
proprietary information.
The relationship between Toshi-
ba and Western Digital has got more
acrimonious, as Toshiba moves
Japan, EU press ahead on trade pact
BY KAORI KANEKO & STANLEY WHITE
TOKYO: Japanese and European
Union (EU) negotiators meeting in
Tokyo aim to reach a free trade deal
that would stand against a protec-
tionist tide threatening the global
economy, and make the US think
twice over pursuing inward-look-
ing policies.
Japan and EU have been negotiat-
ing since 2013, but talks have intensi-
fied since last week, with almost daily
meetings to overcome key hurdles,
including tariffs on Japanese auto-
FINTECH LEADERS ... Chinese and Indians are the biggest adopters of nancial technology (ntech) for services such as
payments, transfers and borrowing money, according to a survey by consultancy EY. In China, 69% of digitally active consumers used two
or more ntech services in the last six months, while in India, the gure was 52%, compared with the average of 33% across 20 markets
in the study. Fintech rms are tapping into technology-savvy, nancially underserved populations in countries like China, India and
Indonesia, said James Lloyd, EYs Asia-Pacic ntech leader.
toward a sale of the flash-memory
division. Last month, Western Digi-
tal invoked an arbitration clause in
their business agreement, seeking
to block Toshibas transfer of own-
ership of the unit to a separate le-
gal entity in preparation for a sale.
Toshiba, which has since reversed
that transfer, then had its lawyers
send a letter demanding that the US
company stop its harassment as
Toshiba tries to sell the business.
The escalating stand-off between
the companies over the chip sale
could disrupt Toshibas plans to use
cash from the divestment to plug
a hole in its balance sheet from a
massive loss in its nuclear power
business.
Last week, Toshiba said a group
led by the Innovation Network Corp
mobiles and car parts and European
wine, cheese, pasta and other foods.
A Japan-EU deal could leave US
firms at a disadvantage, especial-
ly after President Donald Trumps
withdrawal of the US from the
Trans-Pacific Partnership, or TPP,
earlier this year.
In a sign of optimism, EU trade
chief Cecilia Malmstrom said on
Monday she could sign a provisional
deal with Japan as early as next week.
Although, together Japan and
the EU account for about a third
of global gross domestic product,
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
of Japan, Bain Capital and other in-
vestors were the preferred bidders
for the semiconductor business, and
that its aiming to reach final agree-
ment and close the deal by March
2018. The consortium is offering
2.1 trillion for the unit, people with
knowledge of the matter have said.
Toshiba has argued that West-
ern Digital failed to formalise their
relationship after the San Jose, Cal-
ifornia-based company became
Toshibas manufacturing partner in
the flash-memory business when it
acquired SanDisk Corp for US$15.8
billion last year.
Toshiba also said that it would as
of yesterday start blocking Western
Digitals access to information in
the joint venture, in order to pro-
tect its trade secrets. Bloomberg
their trade relationship has a lot of
room to grow EU forecasts reck-
on by as much as a third.
Their bilateral trade totalled
US$144 billion last year, where-
as Japan-China trade was US$262
billion and Japan-US trade was
US$192 billion.
After unsuccessful attempts to
conclude a deal with Tokyo for the
past two years, there is a sense in
the EU camp that people will start
to lose faith if they cannot wrap it
up this year, an EU official familiar
with the talks said. Reuters
broader wave of consolidation in
IN BRIEF
Alibaba said in talks
to buy ZTEs software
arm for cloud unit
HONG KONG: Alibaba Group
Holding Ltd is closing in on a
deal to acquire Chinese tele-
communications gear maker
ZTE Corps software subsidiary,
an acquisition that could help
strengthen its global Internet
computing business, people
familiar with the deal said. Chi-
nas leading e-commerce oper-
ator has been in negotiations
to buy ZTEsoft Technology Co
for months and is nearing an
agreement, according to one of
the people, who asked not to be
identified discussing a private
deal. Alibaba could pay between
two billion yuan (RM1.27 bil-
lion) and three billion yuan for
a division that provides software
support and services to carriers
around the world, another per-
son said. Bloomberg
China said to examine
deals gone awry to
gauge banking risks
BEIJING/HONG KONG: Chinas
banking regulator, which has
asked local lenders to provide
loan information on the coun-
trys top dealmaking compa-
nies, is examining examples of
acquisitions gone awry by those
firms to assess potential risks to
the financial sector, people fa-
miliar with the matter said. The
China Banking Regulatory Com-
mission is seeking to gauge how
much risk Chinese banks face by
lending funds to Anbang Insur-
ance Group Co, Dalian Wanda
Group Co, Fosun International
Ltd, HNA Group Co, and the Chi-
nese buyer of the AC Milan foot-
ball club, the people said, asking
not to be identified because the
matter is private. Bloomberg
S Korean cars recalled in
China as row hits sales
BEIJING: Chinese authorities
have announced the recall of
more than 44,000 South Kore-
an-branded vehicles over po-
tential safety risks. Authorities
on June 23 announced a recall of
43,764 Hyundai Santa Fe mod-
els over a defect that can cause
the engine to fail. The General
Administration of Quality Su-
pervision, Inspection and Quar-
antine said yesterday that 601
Kia Borrego autos would also
be recalled, over loose wheel
nuts. And 40 Kia Sorento vehi-
cles would also be called back
over a defective engine pipe that
can leak and catch fire. AFP
ChemChina completes
US$43b Syngenta deal
SHANGHAI: ChemChina has
completed its US$43 billion
(RM184.9 billion) takeover of
Swiss pesticide and seed giant
Syngenta, the companies said,
in the biggest overseas acquisi-
tion so far by a Chinese firm. The
deal combines Syngenta, a global
leader in seeds and crop protec-
tion, with ChemChina which
controls Adama, the largest sup-
plier of generic crop protection
products in Europe. It is part of a
the agrochemical sector. AFP
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Miranda Kerr
returns jewellery
gifted in alleged
Malaysian
scheme
BY JI L L S ERJEA NT
& G I N A C H ERELU S
LOS ANGELES: Australian
model and actress Miranda
Kerr has handed over millions
of dollars worth of jewellery
that US authorities say was giv-
en to her as part of a Malaysian
money laundering scheme, her
spokesman said on Tuesday.
Kerr, a former Victorias Se-
cret model, was given diamond
pendants, earrings and oth-
er jewelry worth about US$8
million in 2014 by Malaysian
financier Jho Low, according
to a June 15 US Department
of Justice (DoJ) civil lawsuit.
Kerr is not accused of any
wrongdoing and her spokes-
man said she has cooperated
fully with US authorities from
the start of the inquiry.
The transfer of the jewel-
lery gifts from Ms Kerrs safe
deposit box in Los Angeles
to government agents was
completed last Friday after-
noon, the spokesman said
in a statement.
The gifts of jewellery were
detailed in the DoJs lawsuit,
in a long-running case over
an alleged conspiracy to laun-
der money misappropriated
from the 1Malaysia Devel-
Ransomware wave
seems to aim at old flaw
Experts believe Eternal Blue was stolen from the NSA
SAN FRANCISCO: A global wave of
cyberattacks on Tuesday exploited an
already patched vulnerability in Win-
dows software and appeared to have
Ukraine as a primary target, accord-
ing to computer security specialists.
The first reports of trouble came
from Ukrainian banks, Kievs main
airport and Rosneft, in a major in-
cident.
A Cadbury chocolate factory
has become the first Australian
business to be hit by a global cyber-
attack, a trade union official said,
underscoring the rapid spread of
the latest ransomware extortion
campaign, a Reuters report said.
Bloomberg reported that a termi-
nal operated by A P Moller-Maersk
%"!&"/"+116-"0,# 6"/11 (0
Cyber crime worldwide cost $400 billion in 2015 and is forecast to reach $2 trillion in 2019*
On the way
Your
computer
to a website
Malware
at the Jawaharlal Nehru Port Trust,
Indias biggest container port, was
unable to load or unload because
of the attack. With the Gateway
Terminal India facility unable to
identify which shipment belongs
to whom, the port is clearing cargo
manually, chairman Anil Diggikar
said in a phone interview.
There are signs the virus is starting
to spread in China but no large-scale
outbreak has been detected, accord-
ing to Zheng Wenbin, chief security
engineer at Qihoo 360 Technology Co.
The bedevilling onslaught on
Tuesday was also being referred to
as ransomware by US software titan
Microsoft and security specialists.
Our initial analysis found that
DNS
Domain
Name
System
Man-in-the-
Middle Attacks
the ransomware uses multiple tech-
niques to spread, including one
which was addressed by a securi-
ty update previously provided for
all platforms from Windows XP to
Windows 10 (MS17-010), a Micro-
soft spokesman told AFP.
The ransomware virus, named
Petya, has crippled computers
running Windows by encrypting
hard drives and overwriting files,
then demanding US$300 (RM1,290)
in bitcoin to restore access.
It includes code known as Eter-
nal Blue, which cybersecurity ex-
perts widely believe was stolen from
the US National Security Agency
(NSA) and was also used in the
WannaCry attack. AFP
www
Cross-Site
Scripting
W O R L D 21
IN BRIEF
Helicopter launches
grenade attacks on Vene-
zuela Supreme Court
CARACAS: Venezuelas army
has been put on alert after four
grenades were hurled at the Su-
preme Court from a helicop-
ter, President Nicolas Maduro
said on Tuesday, in a poten-
tially dramatic escalation of the
violence gripping the oil-rich
South American country. The
helicopter assault comes a day
after Maduro announced the
arrests of five opponents he ac-
cused of plotting against him to
clear the way for a US invasion.
The beleaguered president, who
for weeks has been thundering
about alleged coup attempts
against him, said the helicopter
was flown by a pilot who worked
for a former minister. Around 15
shots were fired at the interior
ministry, Maduro added. AFP
Chernobyls radiation
monitoring hit by
cyberattack
KIEV: The radiation monitoring
system at Ukraines Chernobyl
nuclear site has been taken of-
fline after a massive cyberat-
tack, forcing employees to use
hand-held counters to measure
levels, officials said on Tues-
day. Due to the cyberattack,
the website of the Chernobyl
nuclear plant is not working,
said Ukraines exclusion zone
agency which oversees the So-
viet plant that exploded in 1986
and is now surrounded by an
uninhabited contaminated
zone. Due to the temporary
opment Bhd fund, known as
1MDB.
The DoJ alleges that more
than US$4.5 billion was taken
from 1MDB by high-level fund
officials and their associates.
Kerr, who was in between
marriages to actor Orlan-
do Bloom and Snapchat
co-founder Evan Spiegel at
the time, was given a heart-
shaped diamond necklace
worth US$1.8 million, with
her initials inscribed on the
back, as a 2014 Valentines Day
gift from Low, according to
the lawsuit.
Later in 2014, investigators
said, Low gave Kerr a second,
pink diamond, pendant worth
US$4.8 million, followed by
matching earrings, a bracelet
and a ring worth almost US$2
million. The lawsuit said the
funds for the jewellery were
misappropriated from the
1MDB account.
Low, whose whereabouts are
unknown, could not be reached
for comment. Reuters
US brands China as among worst human trafficking offenders
BY Y EG AN E H TORB AT I
WASHINGTON: The US State De-
partment on Tuesday placed Chi-
na on its global list of the worst of-
fenders in human trafficking and
forced labour, a step that could
aggravate tensions with Beijing
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Source: Techterms.com, Lloyds of London, Forbes*
Qatar slams Saudi refusal to negotiate
DOHA: Qatar yesterday condemned
Saudi Arabias refusal to negotiate the
demands of the kingdom and its al-
lies for ending a crippling embargo
on the emirate.
Speaking from Washington, where
he held talks with US Secretary of
State Rex Tillerson on Tuesday, Qatari
Foreign Minister Sheikh Mohammed
Abdulrahman al-Thani said the Saudi
position was unacceptable.
This is contrary to the principles
that govern international relations
that had eased under President
Donald Trump.
Trump, however, has grown
increasingly frustrated over Chi-
nas inaction on North Korea and
bilateral trade issues and is con-
sidering possible trade actions
against Beijing, three senior ad-
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because you cant just present lists tar to end its support for extremism
of demands and refuse to negotiate, and terrorism, Jubeir said on Twitter.
Sheikh Mohammed said in com- With the support of the United
ments published in Doha. Arab Emirates, Egypt and Bahrain,
His Saudi counterpart Adel al- the Saudis announced on June 5 they
Jubeir, who is also in Washington, were suspending all ties with Qatar,
was unbudging on Tuesday over the accusing it of support for extremist
three-week-old dispute, which has groups a claim Doha denies.
left Qatar, a US ally, isolated under They closed their airspace to Qa-
a trade and diplomatic embargo set tari carriers and blocked the emirates
by its Gulf Arab neighbours. only land border. They also ordered
Our demands on Qatar are all Qataris to leave and their own na-
non-negotiable. Its now up to Qa- tionals to return home. AFP
ministration officials told Reuters. in the 12 months ended on March
Afghanistan, Malaysia and Qa- 31 than in the previous year, for-
tar moved up to Tier 2, a list of cibly repatriated North Koreans
nations making significant ef- without screening them for indi-
forts to comply, from the Tier 2 cators of trafficking and handled
Watch List. most forced labour cases as ad-
The report said China convict- ministrative issues rather than
ed fewer sex and labour traffickers criminal prosecutions. Reuters
shutdown of the Windows sys-
tem, the radiation monitoring
of the industrial area is being
done manually, the agency
said on its website. AFP
Facebook hits two billion
user mark
SAN FRANCISCO: Facebook
said on Tuesday it now counts
two billion active monthly us-
ers, as the social giants founder
Mark Zuckerberg highlight-
ed his new mission not just
connecting people, but helping
them find common ground. As
of this morning, the Facebook
community is now officially 2
billion people! Zuckerberg
wrote in a post marking the
milestone. Were making pro-
gress connecting the world,
and now lets bring the world
closer together, he wrote. Its
an honour to be on this journey
with you. AFP
Britains Labour Party
to vote on pay cap
LONDON: Britains opposition
Labour Party was set to force
a vote in parliament yesterday
over a pay cap for public-sec-
tor employees, the first test of
whether Prime Minister There-
sa May can muster enough law-
makers to rule. Mays botched
gamble on a June 8 snap elec-
tion lost her Conservative Par-
ty its majority in parliament,
leading her to strike a deal on
Monday with a small Northern
Irish party to ensure she has
enough votes to pass legisla-
tion in parliament. Reuters
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY A N A ND HI GOP INATH
WORK. LIFE. BALANCE
WATCH Evelyn Feroza in action tonight at Alexis
Ampang. With a natural gift of song, Evelyn
performs today with an astounding number
of accomplished musicians in Kuala Lumpurs
live entertainment circuit. Whether it is in a
two-piece or ve-piece lineup, she continues
to wow audiences with her inimitable style,
alluring vocals and stage presence. Her wide
repertoire from jazz standards to pop songs
promises something for everyone. Showtime is
at 10pm and the cover charge is RM10. Alexis
Ampang is at Great Eastern Mall, 303 Jalan
Ampang, Kuala Lumpur. Call (03) 4260 2288
for more details.
GET into the groove with Australian Oriental/
Indo/Latin Jazz fusion guitar maestro Peter
Dickson at his show together with Lewis Pra-
gasam and the Marina Zaini Project featuring
Rodrigo Parejo. Dickson is a guitar-playing
innovator and a master performer, dazzling
audiences with his solo shows combining
virtuosity, emotions and humour, complete
with a strong stage presence. His show is at
9pm tonight at No Black Tie, 17 Jalan Mesui,
o Jalan Nagasari, Kuala Lumpur. The cov-
er charge is RM53. Call (03) 2142 3737 for
reservations.
MANDY Moore, Claire Holt, Matthew Modine
and Santiago Segura are featured in 47 Meters
Down, showing in cinemas nationwide. The
lm tells of sisters Kate and Lisa, on a Mexican
vacation, partaking in cage diving to see the
Great White sharks. However, their fun trip
turns into a nightmare when the observation
cage breaks free from the boat and plummets
to the ocean oor. Trapped 47m underwater
with less than an hour of oxygen left in their
tanks, the sisters must nd a way to get back
to the surface. Visit www.cinema.com.my for
reviews and bookings.
Poke bowls and menu from Wise Fish. Photos by Bloomberg
HOW HAWAIIAN STREET FOOD
TOOK OVER TAKE OUT
A simple reason for the
sudden ubiquity of poke,
an unassuming salad
bar-meets-sushi delicacy
BY KATE K RADE R
F
irst there was the cupcake. Then
cold-pressed juice. Now, poke.
Known as Hawaiis original
street food, poke (pronounced
po-kay) today mostly consists
of diced raw tuna, salmon or
some other fish, served with rice and mixed
greens, with add-ons such as edamame,
avocado, seaweed and toasted nuts. And
suddenly its everywhere.
The dish ticks multiple boxes. Its fresh,
healthy, high-protein, and, at about US$13
(RM55.90) a bowl, is a relatively inexpen-
sive lunch or late-night working dinner. A
poke bowl takes the efficiency and com-
pose-it-yourself satisfaction of a Chopt salad
and gives it the deluxe sheen of sushi.
However, that doesnt explain the
dishs swift march from Maui to mid-
town Manhattan. In the past two
years, almost 300 Hawaiian restau-
rants have opened in the US, the
majority of them featuring poke, and
for an exquisitely simple reason: To
open a poke place, all you need is an
electrical outlet to cook the rice and
a refrigeration unit for the fish. This
also makes it easier to get landlords
approval theyll always prefer a res-
taurant that doesnt require noisy venting
systems and smelly cooking.
A chef who wants a decent kitchen will
pay US$500,000 just for that, says LB Realty
Services LLC principal Leslie Siben, whos
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
worked on New York restaurant projects
such as the Meatpacking Districts anchor
Buddakan. Just venting a space can cost
a few hundred thousand US dollars. Poke
sidesteps those concerns, because theres
no industrial-strength stove.
Sweetcatch Poke, a New York spot across
the street from Citigroup Center and around
the corner from the US$30 million-plus re-
vamp of the former Four Seasons, sells as
many as 800 bowls a day of a traditional
poke with marinated fish. Owner Bobby
Kwak has hired Top Chef star Lee Anne
Wong and Kohei Kishida, a disciple of New
York sushi chef Eiji Ichimura, to oversee the
menu. Kwak also plans to open a 3,000 sq ft
flagship south of Times Square at a project-
ed cost of US$600,000. It would have been
three times as much if it had a real kitchen,
he says. Poke is a winning formula.
At the new Poke Chan, on the edge of
Koreatown, maestro Masashi Ito doesnt
use the same Japanese imported fish as he
does at Sushi Zo, where meals run north
of US$200. However Ito, who grew up in
Hawaii, employs similar techniques to
prepare it. An outpost opened in April on
William Street in New Yorks financial dis-
trict, there are also plans to colonise Miami
and Las Vegas.
The business of poke is attracting the
Wall Street crowd as owners, and not just
customers. Drew Crane used to work in
Goldman Sachs asset management divi-
sion. A trip to Hawaii and an assessment of
the lack of good, high protein food options
convinced him to transform a 750 sq ft for-
mer jewellery store in Chelsea into Wisefish
Poke. (He says it wasnt hard to make the
space a proper poke spot.)
In Los Angeles, Mainland Poke is ex-
panding with customisable sauces and
seafood from toro to octopus and salmon
belly. The craze has even spread to Lon-
don, where former Nobu Europe execu-
tive Kurt Zdesar has opened an upscale,
dimly lit sit-down spot called Black Roe
Poke Bar & Grill.
If theres one thing that can halt the
spread of poke, its limited resources. Own-
ers may pay lip service to freshness and
sustainability, but the most popular
order is the tuna bowl, and stocks of
most tuna varieties are declining and
prices are rising.
Others still see an opportunity.
Pokee NYC co-owner Sa Wang is
targeting students. She invested
US$300,000 to open a location near
New York University; another res-
taurant is under construction not
far from the University of Virginia.
Pokee NYC manager Angel Li says:
That part of Virginia doesnt have a lot
of poke. Not yet [at least]. Bloomberg
A fully loaded tuna poke bowl from
Sweetcatch in New York.
 live it! 23
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

TRAVEL BY M AR K ELLW OOD

How Brazilians cure hangover and other jet-set travel cheats

LORENZO Martone made his name as then. I even got to meet the baby.
publicist for such models as Victorias
Secret angel Alessandra Ambrosio be- The pros of ying with a bike
fore turning a passion for bicycles into a The first thing you need to do is buy a
successful business. In 2012, he started bike suitcase. All you have to do is take
Martone Cycling Company (MCC), sell- the front wheel off your bike, and its fits
ing luxury bikes and accessories online in the case those cases are accepted
and at such stores as Los Angeles Fred by pretty much any airline, as oversize
Segal and Colette in Paris. Martones lat- baggage like surfboards or instruments,
est product is a limited-edition rose-gold but do call and check. You usually need
model of his standard MCC bike. to book in advance, too, as they only al-
Martone lives in New York and says he low a certain number of oversize bags on
flies around 500,000 miles (804,672km) a plane. When you arrive, you go to that
a year, mostly on American Airlines. section of the airport for extra-size lug-
Its the only airline that makes me feel gage, and the people that are in that room
like a millionaire and thats the only are so interesting they are musicians;
type of millionaire I am, he laughed. they are surfers. In that room, everyone
In miles. is very chatty. It feels like a little gang of
people that share something extra, a lit-
Want to tune out noise on a plane? tle community.
Make like a construction worker
Im a light sleeper, and my search for ear- When in a new city, consider
plugs started from me sleeping with men exploring by bicycle
who snore. The travel experience is also What I love about Tokyo is that you can
so noisy for me; airlines have become Martone and his MCC bikes. Photos by Bloomberg bike on the sidewalk legally. Its an inter-
flying buses, where you come across lots esting experience, as you are among the
of people that dont really know how to pedestrians, and the place is so packed,
behave when sharing a small space. So, Engov. You can buy them over the coun- centre of Gustavia. Its been there forev- but they dont care, and they dont com-
I need good earplugs, and not the ones ter in Brazil, in a gold package that looks er, with a big terrace and plastic chairs; plain about stepping aside for the bike.
they give you on the plane. I researched like a condom package. You are supposed they only have burgers and beer. I always People are scared of biking in New York
the brand that construction people use, to take one before you start drinking and like going there, as its the opposite of so because of the traffic, but I think its cra-
and I use those, which are custom fit to another one after, but its really hard to many other places on the island that are zy, and so fun. I love the Lower East Side
your ear: Radians. But because the air- remember. I take one when Im feeling so frou-frou. in New York, especially Forsyth Street
plane itself is so loud, I add a pair of Bose the pain of the hangover, and it always because it has a bike lane in the middle,
earphones on top of that even if Im not works. I learnt about it from my parents Always opt for AirBnB over a hotel and its very green. That area, the new Chi-
listening to music or watching movies. who said, You are going to be having a AirBnB has a filter that tells if a place is natown, has such a strong character, and
big night here, we dont want to hear only for AirBnB or if someone lives there. its full of new small art galleries I love.
Always have an emergency kit and complaints about your headache tomor- Most people prefer to go to AirBnBs where
make sure its stocked with these row. Every time I go to Brazil, I have more theres no one in residence, but I think How to travel with your dog
four things and more orders from friends. Its like Im the opposite. I dont want to be in a plain I started travelling with my dog, Mia,
I never leave home without my passport. I trafficking Engov. apartment decorated with IKEA furniture when she was a little puppy, so she could
remember I was living in Europe, in Paris, so it can be rented on AirBnB; I want to get used to it. She is an emotional-sup-
and it was one of those casual dinner sit- When in St Barts, do as the locals do open a fridge and see what people eat. port dog my doctor wrote me a letter
uations, where friends of friends decided I have been going to St Barts with my best I was going to Tel Aviv in the summer that I needed her as an emotional sup-
to go to Ibiza right away for the opening friend Marc Jacobs for maybe seven years of 2014, and all my friends cancelled at port because I think I sounded crazy
weekend of lots of clubs. I couldnt go, now for Christmas and New Years. Dont the last minute, so I found an AirBnB in enough when I talked about how at-
and I regret it. So now, even in the US, be scared people look up the airport Yafo, a local neighbourhood that wasnt tached to her I was. So, you need to call
where I can travel with my drivers licence, online and see the two little mountains very touristy. I was on the way up the and make sure that the letter is in your
I always make sure to bring my passport the plane has to go through to land, and stairs to the third-floor apartment, and I booking on your airline of preference,
in case someone has one of those ideas. it looks scary, but you get used to it. There smelled this delicious cake being cooked. so you can bring the dog on board. The
And I pack my What if I bump into a is a big New York City art collector slash The woman was literally waiting for me, best airports have cute dog relief areas
crazy rich friend with a jet? kit. It consists real estate mogul slash Russian billionaire baking a cake and she was pregnant, now, too: There was a very cute one in
of some scandalous swimming trunks crowd, but I like that you can make out very pregnant. I asked when it was due, Dallas, and the airport thats most pet
Im Brazilian, so Im very comfortable in of St Barts whatever you want theres and she told me, Tomorrow. I said, Oh friendly is San Francisco. They love dogs
Speedos all day long, and Im not ashamed also a very local side to it, a very islandy my God, girl, get outta here what are there, and there are lots of signs. I say,
of going to the supermarket shirtless Caribbean vibe. There is a place only the you doing? 24 hours later, I received baby if you are going to fly with a pet, fly via
and my sunglasses and hangover pills, locals go called Le Select, right in the pictures, and we have kept in touch since San Francisco. Bloomberg

Jacobs (right) with Martone. Martone and his dog, Mia.

2 4 S P O RT S
Roach: Horn knockout to
lure Mayweather
It is Pacquiaos way to coax the American into a rematch
MELBOURNE: Manny Pacquiao is
seeking a dominant win over Aus-
tralias Jeff Horn to try and coax Floyd
Mayweather Jr into a rematch, the
Filippinos long-time trainer Freddie
Roach has said.
Pacquiao, defeated by American
Mayweather in an unanimous points
decision in Las Vegas in 2015, will de-
fend his World Boxing Organisation
(WBO) welterweight belt against for-
mer schoolteacher and rank outsider
Horn in Brisbane on Sunday.
He wants a rematch with May-
weather, Roach told Sky News of
38-year-old Pacquiao. To get May-
weather, you have to look good.
Against Horn, hes (Pacquiao) got
to look good, he has to be impressive.
Retired in 2015 with an unbeat-
en record of 49-0, Mayweather has
agreed to come out of retirement for
a 12-round fight against mixed mar-
tial arts champion Conor McGregor.
Pacquiao has failed to win by
knockout since a 12th round tech-
nical knockout (KO) win over Miguel
Cotto in 2009, but Roach said the
fighter is primed to cause a stoppage
against 29-year-old Horn, undefeated
in 17 fights against mostly obscure
opponents.
[Pacquiao] doesnt like to pre-
dict knockouts and so forth but I do,
Roach said at a media conference
yesterday.
IOC says Tokyo
budget key for
future bidders
BY C H R I S GA L L AGHER
TOKYO: International Olympic
Committee (IOC) vice-president
John Coates has praised Tokyo
organisers efforts to lower the
budget for the 2020 Summer
Games, saying cost control is
important for attracting future
bids by cities.
Figures released last month
showed organisers had trimmed
budget estimates to 1.685 tril-
lion (RM66.74 billion) including
contingencies, from 1.8 trillion
in their initial budget unveiled
in December.
Coates, speaking yesterday at
a meeting of the IOC Coordina-
tion Commission on its fourth
visit to Tokyo, said the IOC is
pleased with the reduction as
well as organisers emphasis on
reducing costs further.
It is important to us that with
these costs of the games and the
final analysis that become pub-
lic, they are going to be a reason
to attract [future] candidate cit-
ies, he said. Reuters
The Battle of Brisbane
is the biggest ght in
decades down under.
I think its going to be short and
sweet. If our opponent comes out
like he says hes going to, Manny will
fire back and I think its going to be
great fight [but] it wont last too long.
And someone will get knocked out.
The Battle of Brisbane at 55,000-
seat Lang Park, used mainly for pro-
fessional rugby matches, is the biggest
fight in decades down under, throw-
ing Pacquiaos unheralded opponent
Horn into a huge spotlight.
Horn reminded Pacquiao of his
2012 knockout loss to Juan Manuel
Marquez and said the Filippino had
lost some of the power in his punches.
Ever since that knockout loss
against Juan Manuel Marquez, Manny
doesnt pull the trigger like he used to
when he was on his big run of wins,
the 29-year-old told local media.
Hes looked good in his last two
fights but he hasnt been able to win
inside the distance for a long time,
and I think thats because of the KO
loss he suffered against Marquez in
2012. Reuters
Qatar says Fifas Garcia Report
vindicates 2022 bid
BY DAV ID HAR DING
DOHA: Qatar World Cup organisers
said yesterday the surprise publica-
tion of Fifas Garcia Report vindicated
the integrity of its successful bid to
host the 2022 tournament.
In a statement, the Supreme Com-
mittee for Delivery and Legacy also
questions the publications timing,
which comes as Qatar faces political
isolation from many neighbouring
countries.
We believe the extent of our co-
operation with this investigation and
the conclusions drawn represent a
Ledecky wins 800m crown at US world trials
CHICAGO: Five-time Olympic
champion Katie Ledecky won the
800m freestyle on Tuesday at the
US Swim Championships with this
years fastest time in the world, only
25 minutes after another final.
World record-holder and reign-
ing world and Olympic champion
Ledecky, placed sixth in the 100m
T HUR SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY
IN BRIEF
Ex-China table tennis
coach sorry for players
no-show
SHANGHAI: Chinas all-con-
quering table tennis teams for-
mer head coach has denied
knowing three top Chinese
players No 1 Ma Long, Fan
Zhendong and Xu Xin would
stage a no-show at the prestig-
ious International Table Tennis
Federation (ITTF) World Tour
Platinum China Open last Fri-
day in protest of his removal.
Manny Highly respected Liu Guoliang,
Pacquiao former Grand Slam champion
Filipino boxing icon who lost his job last week in a
Record 59-6-2
restructuring of Chinese ta-
(Win-loss-draw) ble tennis, apologised to fans
Knockouts 38
on the players behalf. Howev-
Age: 38
er, the ITTF has threatened to
punish the star-studded China
team for the actions of the play-
ers, who have also said sorry.
AFP
Manny Pacquiao at a press conference
for his fight with unbeaten Australian Fit-again Muir keen on
boxer Jeff Horn on July 2 in Brisbane doubling up in London
Photo by: Patrick Hamilton
coach
Last 7 fights LONDON: Fit-again British mid-
Against... Win Loss dle distance runner Laura Muir
is keen to double up in Augusts
world championships in Lon-
don, according to her coach
Juan
Manuel
Brandon
Rios
Timothy
Bradley
Chris
Algieri
Floyd
Mayweather
Timothy
Bradley
Jesse
Vargas
Andy Young. Muir, set to com-
Marquez pete in the 1,500m and 5,000m
Dec Nov April Nov May Apr Nov 5
2012 2013 2014 2014 2015 2016 2016 categories, had suffered a stress
Rounds fracture in her second metatar-
1
2 sal which cost her two weeks of
3 training. British Athletics perfor-
4
5
mance director Neil Black said
6 Knockout on Monday the 24-year-old Scot-
7
8
tish had a 1% chance of com-
9 peting in the longer distance race
10
11
but Young believes that Black
12 was caught off guard. She has
Unanimous
decision
Unanimous
decision
Unanimous
decision
Unanimous
decision
Unanimous
decision
Unanimous
decision
got the qualifying times and is
Source : Fightnights.com/HBO/TopRank/AFPPhotos/GettyImages
keen to do both [the 1,500m and
5,000m categories], Young told
BBC. Reuters
Facebook to live-stream
Champions League
NEW YORK: Facebook will
broadcast Champions League
matches for US Internet users
under a deal with Fox Sports,
which will host the livestreams
on its pages, the channel said
vindication of the integrity of our sent by a consultant for Qatar, Sandro on Tuesday. The partnership
bid, read the statement. Rosell, to a Fifa officials 10-year-old will involve two group matches
We will continue to dedicate daughter. The payment was described a day, four rounds of 16 games
ourselves towards delivering on the by an associate as the proceeds from and the 2017-2018 seasons
promises we made during our bid a real estate deal. However, Garcia four quarter finals, in the so-
and hosting an historic first Fifa World concluded that no proof existed to cial media giants latest foray
Cup in the Middle East. link Qatar to the payment. into sportscasting. Facebook
Though the long-awaited report Garcias investigation also reveals will only be a host for the lives-
from US independent investigator a former Fifa executive committee treams, with the images and
Michael Garcia highlights potentially member had thanked Qatar by mail content produced by Fox Sports.
suspect financial dealings, there ap- for a transfer of several hundred thou- A Fox Sports spokesman con-
pears to be no smoking gun which sand euros just after Qatar was award- firmed that the content would
could end up denying Qatar the World ed the 2022 tournament. only be available to Facebook
Cup in five years time. Garcias report was commissioned users in the US. AFP
His report refers to a payment of 2 in 2012 and presented to Fifa in 2014.
million (RM10.91 million) allegedly AFP Cup-queen Payne tests
positive for banned drug
SYDNEY: History-making Mel-
bourne Cup-winning jockey
Michelle Payne has been stood
down from riding after testing
positive for a banned substance,
freestyle category, took the 800 Budapest, Hungary, with a strong racing officials said yesterday.
crown in 8 minutes 11.50 seconds showing at this five-day US meet Payne, 31, will go in front of an
with Leah Smith, who finished in Indianapolis, US. inquiry by Racing Victoria stew-
sixth at the Olympics in Rio de Its important to get the job ards today after Phentermine,
Janeiro, taking second, at 8.96 sec- done here (at the US meet) and get an appetite suppressant and
onds back. to Budapest and do a lot, Ledecky banned substance under Aus-
Ledecky could swim in four indi- said. So far, Im setting myself up tralian racing rules, was found in
vidual events and two relays at next well but its just the first day [of the her urine sample at the Swan Hill
months World Championships in US meet]. AFP Cup meeting on June 11. AFP
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.051 0.561 0.795 0.785 7609 AJIYA 0.795 0.010 82.4 0.785 11.85 2.52 242.1
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.110 6.4
2.270 0.720 2.270 2.110 2674 ALCOM 2.230 0.130 2998.7 2.192 25.40 9.19 299.6
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.030 0.315 1.020 0.985 4758 ANCOM 1.000 -0.020 3437.6 1.001 26.88 219.0
3.550 0.931 3.210 3.000 6556 ANNJOO 3.190 0.070 547.9 3.151 6.79 2.82 1,687.8
KLSE COMPOSITE 1,771.23 -8.22 -0.46 TECHNOLOGY 34.80 -0.08 -0.23 0.551 0.140 0.150 0.140 9342 ANZO 0.140 -0.005 12601 0.143 112.5
KLSE INDUSTRIAL 3,264.91 -7.64 -0.23 FTSE BURSA 100 12,258.71 -30.69 -0.25 1.080 0.825 1.030 1.030 5568 APB 1.030 UNCH 0.2 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 625.55 0.99 0.16 FTSE BURSA MID 70 14,995.70 60.92 0.41 4.147 3.220 4.050 3.930 5015 APM 3.930 -0.070 15.1 3.979 15.44 3.82 792.3
1.240 0.692 1.200 1.170 7214 ARANK 1.190 UNCH 1122.7 1.186 8.05 2.52 142.8
INDUSTRIAL PRODUCT 155.22 0.11 0.07 FTSE BURSA SMALL CAP 17,370.41 -13.54 -0.08 1.230 0.621 1.190 1.140 7162 ASTINO 1.180 0.030 2730.2 1.175 8.97 0.85 323.5
CONSTRUCTION 338.81 1.07 0.32 FTSE BURSA FLEDGLING 19,478.05 -37.77 -0.19 1.480 0.384 1.420 1.360 7099 ATTA 1.380 -0.020 1208.5 1.382 5.74 5.66 143.9
TRADE & SERVICES 231.24 -1.20 -0.52 FTSE BURSA EMAS 12,618.28 -30.15 -0.24 1.140 0.305 0.355 0.355 7181 ATURMJU 0.355 0.015 4.1 0.355 21.7
2.550 1.393 8133 BHIC 2.220 5.54 1.35 551.6
KLSE FINANCIAL 16,827.58 -16.25 -0.10 FTSE BUR MSIA ACE 6,421.29 141.84 2.26 0.570 0.390 7005 BIG 0.450 21.6
KLSE PROPERTY 1,284.70 1.49 0.12 FTSE BUR EMAS SHARIAH 12,820.88 -10.14 -0.08 0.505 0.095 0.435 0.430 7187 BKOON 0.430 UNCH 43.8 0.432 119.0
KLSE PLANTATION 7,899.90 -30.34 -0.38 FTSE BUR HIJRAH SHARIAH 14,100.26 -17.60 -0.12 1.110 0.755 0.950 0.930 0168 BOILERM 0.930 -0.020 257.3 0.940 20.76 1.61 479.9
2.425 1.690 6297 BOXPAK 1.700 204.1
KLSE MINING 514.71 28.37 5.83 FTSE/ASEAN 40 10,218.30 4.46 0.04 1.657 1.293 1.410 1.400 5100 BPPLAS 1.410 UNCH 34 1.406 16.85 5.67 264.6
0.400 0.290 0.310 0.310 9938 BRIGHT 0.310 UNCH 35 0.310 50.9
0.665 0.210 0.615 0.550 7221 BSLCORP 0.610 0.060 2085.7 0.592 8.12 59.8
0.365 0.195 0.265 0.255 7188 BTM 0.255 -0.005 475 0.255 57.95 32.0
3.830 3.133 3.360 3.330 5105 CANONE 3.360 0.010 69.4 3.352 7.13 1.19 645.6
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.200 1.910 2.080

1.650 0.782 1.570
1.800 1.500
2.020
1.540

7076
2879
8435
CBIP
CCM
CEPCO
2.040
1.540
1.590
UNCH
-0.030

333.1
68.6

2.040 9.16
1.554 57.46
80.30
2.94
3.25

1,098.0
704.7
71.2
1.150 1.020 8044 CFM 1.100 45.1
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.850 1.290 1.770 1.770 5007 CHINWEL 1.770 UNCH 115.4 1.770 9.23 4.52 530.2
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.500 1.343 2.290 2.220 5797 CHOOBEE 2.280 0.090 500.9 2.260 7.43 2.63 250.6
CONSUMER PRODUCTS 1.100 0.680 8052 CICB 0.990 25.19 49.5
0.795 0.565 7120 ACOSTEC 0.575 718.7 4.35 102.2 0.075 0.045 0.050 0.050 7018 CME 0.050 UNCH 60 0.050 24.3
4.887 3.576 7090 AHEALTH 4.600 15.29 2.50 538.9 4.628 3.269 4.070 4.050 2852 CMSB 4.070 0.020 864.3 4.060 22.90 1.55 4,372.7
25.000 11.624 25.000 23.940 2658 AJI 24.300 -0.480 65.7 24.423 7.88 1.39 1,477.4 0.540 0.200 0.400 0.400 7986 CNASIA 0.400 0.010 22.6 0.400 0.79 18.2
0.380 0.210 7051 AMTEK 0.380 19.0 1.559 1.241 1.350 1.320 5071 COASTAL 1.350 0.020 140.7 1.332 15.41 1.48 717.7
6.007 4.970 5.150 5.070 6432 APOLLO 5.120 0.120 69.7 5.127 24.31 4.88 409.6 1.150 0.650 0.925 0.895 7195 COMCORP 0.905 -0.010 1483.9 0.908 8.53 126.7
1.110 0.800 7722 ASIABRN 0.860 68.0 0.910 0.605 0.910 0.840 2127 COMFORT 0.910 0.070 20210.9 0.887 10.46 508.5
4.123 3.180 3.200 3.200 7129 ASIAFLE 3.200 UNCH 72.8 3.200 11.00 2.19 623.2 2.156 1.134 1.860 1.800 5094 CSCSTEL 1.850 0.010 738.9 1.835 9.93 5.41 703.0
53.156 39.606 44.440 43.500 4162 BAT 43.700 -0.300 373.2 43.781 18.78 4.97 12,477 0.015 0.005 0022 CYBERT 0.005 0.5
0.120 0.035 0.090 0.085 7243 BIOOSMO 0.085 -0.005 603 0.086 67.6 0.838 0.705 0.725 0.705 7157 CYL 0.705 -0.010 52.9 0.713 55.95 5.67 70.5
0.740 0.540 0.605 0.600 9288 BONIA 0.605 UNCH 109.5 0.604 17.39 2.07 487.8 0.410 0.280 0.320 0.320 5082 CYMAO 0.320 -0.005 21.3 0.320 24.0
3.110 1.514 2.830 2.780 7174 CAB 2.830 0.070 536.9 2.810 11.99 0.35 545.8 2.380 1.692 2.260 2.240 8125 DAIBOCI 2.250 -0.010 29 2.252 30.91 1.96 737.8
0.549 0.465 0.480 0.480 7154 CAELY 0.480 -0.005 10 0.480 7.06 2.08 38.4 1.510 0.315 1.290 1.280 8176 DENKO 1.290 0.010 120 1.282 134.8
0.340 0.260 0.290 0.290 7128 CAMRES 0.290 0.005 30 0.290 29.29 3.45 57.1 0.330 0.215 0.295 0.295 7114 DNONCE 0.295 -0.005 537.4 0.295 53.3
14.980 12.272 14.920 14.760 2836 CARLSBG 14.900 0.160 79.1 14.855 21.75 4.83 4,555.6 0.435 0.280 0.285 0.280 5835 DOLMITE 0.280 UNCH 42.3 0.283 127.2 76.3
1.028 0.519 0.900 0.865 7035 CCK 0.870 -0.020 2914 0.874 11.57 2.30 274.4 0.430 0.300 5835PA DOLMITE-PA 0.320 4.0
2.388 1.867 7148 CCMDBIO 2.250 21.97 2.89 627.7 0.605 0.175 0.180 0.175 5265 DOLPHIN 0.175 UNCH 640.5 0.175 38.9
1.620 1.102 9423 CHEEWAH 1.400 7.75 2.50 58.9 1.280 1.046 1.280 1.260 7169 DOMINAN 1.260 -0.020 69.8 1.261 9.06 3.97 208.0
2.700 2.250 2.400 2.340 2828 CIHLDG 2.400 0.070 22 2.376 15.97 2.08 388.8 1.860 0.808 1.820 1.760 1619 DRBHCOM 1.790 0.040 18839 1.790 1.12 3,460.5
0.050 0.020 5188 CNOUHUA 0.030 20.0 1.606 0.540 1.460 1.410 7233 DUFU 1.410 UNCH 567.3 1.435 8.51 3.19 247.4
3.180 1.745 3.090 3.060 7205 COCOLND 3.080 -0.020 30.3 3.076 15.68 5.03 704.7 0.985 0.810 0.835 0.820 8907 EG 0.820 -0.010 445.9 0.827 7.66 173.5
1.960 1.283 1.820 1.800 7202 CSCENIC 1.820 UNCH 66.4 1.812 17.15 6.04 219.3 1.100 0.860 0.990 0.975 9016 EKSONS 0.975 -0.005 120 0.987 160.1
0.095 0.055 0.065 0.060 5214 CSL 0.065 UNCH 1258.6 0.060 8.23 80.8 0.927 0.510 0.780 0.760 7217 EMETALL 0.770 0.010 1019.5 0.770 17.66 3.25 131.8
0.060 0.025 0.030 0.025 7179 DBE 0.030 UNCH 1776.1 0.030 100.0 39.6 0.885 0.500 7773 EPMB 0.620 1.61 102.9
0.945 0.740 7119 DEGEM 0.945 11.32 2.65 126.6 0.443 0.367 0.410 0.400 0190 ESAFE 0.400 UNCH 575.8 0.403 12.27 96.2
62.795 52.364 58.400 58.040 3026 DLADY 58.200 0.080 3.8 58.165 25.32 1.72 3,724.8 1.140 0.735 0.840 0.810 5101 EVERGRN 0.810 -0.010 2452.7 0.819 10.89 2.47 685.6
0.115 0.070 0.095 0.090 7198 DPS 0.095 UNCH 661.2 0.090 950.0 55.8 0.940 0.620 0.640 0.630 7249 EWEIN 0.640 0.010 315.8 0.636 14.45 0.78 193.0
0.105 0.020 0.075 0.075 7182 EKA 0.075 -0.005 720 0.075 23.4 1.380 0.982 1.280 1.280 2984 FACBIND 1.280 UNCH 33.6 1.280 11.41 1.95 109.0
0.360 0.140 0.250 0.245 9091 EMICO 0.245 -0.005 110 0.250 15.41 23.5 3.020 2.270 2.850 2.810 7229 FAVCO 2.850 UNCH 57.3 2.834 8.28 5.26 631.0
2.046 1.400 1.610 1.610 7149 ENGKAH 1.610 -0.030 6 1.610 46.94 3.73 113.9 0.800 0.476 0.715 0.695 0149 FIBON 0.705 -0.005 218.4 0.707 10.76 1.77 69.1
0.270 0.195 0.205 0.200 7208 EURO 0.205 -0.005 80 0.203 26.62 49.8 2.370 2.020 2.300 2.260 3107 FIMACOR 2.290 -0.050 38.7 2.279 14.65 5.46 561.6
0.820 0.630 7094 EUROSP 0.745 33.1 1.879 1.368 1.700 1.690 5197 FLBHD 1.690 UNCH 413.3 1.699 7.88 8.88 174.4
26.335 21.887 26.000 24.600 3689 F&N 26.000 1.000 531 25.225 25.23 2.21 9,536.2 1.420 1.330 3611 GBH 1.340 154.0 250.0
1.205 0.815 0.880 0.870 2755 FCW 0.870 UNCH 4.4 0.877 71.90 1.72 217.5 2.470 1.450 2.120 2.090 7197 GESHEN 2.120 -0.040 42.7 2.105 9.98 169.6
0.930 0.620 0.705 0.695 8605 FFHB 0.705 0.010 111.1 0.695 11.85 1.42 76.8 0.085 0.040 0.060 0.055 5220 GLOTEC 0.060 0.005 1507.4 0.057 322.9
0.955 0.655 0.920 0.915 9172 FPI 0.915 UNCH 195.2 0.915 10.45 6.56 226.3 0.735 0.200 0.280 0.280 7192 GOODWAY 0.280 UNCH 15 0.280 30.9
2.070 0.570 1.820 1.820 7184 G3 1.820 -0.030 5 1.820 250.3 0.135 0.085 0.105 0.100 7096 GPA 0.100 0.005 260.1 0.100 12.20 98.0
1.246 0.854 1.160 1.130 5102 GCB 1.140 UNCH 515.2 1.146 15.75 1.32 547.4 0.425 0.255 0.315 0.305 5649 GPHAROS 0.305 -0.015 347.6 0.312 41.0
3.020 2.350 5606 GOLDIS 2.880 8.45 0.69 1,760.8 0.245 0.196 0136 GREENYB 0.215 153.5 2.79 71.8
0.110 0.010 5187 HBGLOB 0.055 25.7 0.145 0.085 0.105 0.100 7077 GSB 0.100 -0.005 1006.6 0.102 52.8
19.100 14.175 18.220 17.960 3255 HEIM 18.180 0.220 17.1 18.102 20.23 6.33 5,492.1 1.050 0.749 0.935 0.930 3247 GUH 0.935 -0.010 38.7 0.931 13.22 3.74 259.8
10.300 7.651 10.020 9.910 3301 HLIND 10.000 0.060 41.3 9.976 11.13 3.50 3,279.0 1.180 0.235 0.910 0.890 5151 HALEX 0.910 0.020 44.6 0.902 96.5
1.019 0.808 0.905 0.905 5160 HOMERIZ 0.905 0.005 87.7 0.905 10.00 4.42 271.5 7.190 3.996 7.190 6.950 5168 HARTA 7.190 0.200 1004 7.071 41.71 1.11 11,820
0.405 0.240 0.315 0.310 7213 HOVID 0.315 UNCH 359.3 0.310 22.99 3.17 258.6 6.600 2.800 5.180 5.030 7105 HCK 5.180 0.180 2.8 5.035 470.9 436.3
1.305 1.113 1.220 1.210 5024 HUPSENG 1.210 -0.010 46.5 1.211 20.44 3.31 968.0 6.300 1.990 5.350 5.190 4324 HENGYUAN 5.350 0.260 1009.1 5.270 3.13 1,605.0
0.630 0.450 0.470 0.470 8478 HWATAI 0.470 0.005 10 0.470 167.8 35.2 1.524 0.983 1.320 1.290 5095 HEVEA 1.300 -0.010 1740.2 1.301 7.32 5.46 701.3
4.250 1.759 4.250 4.130 5107 IQGROUP 4.250 0.180 242.6 4.208 13.17 2.59 374.1 1.200 0.791 0.990 0.980 3298 HEXZA 0.980 -0.010 106.2 0.986 7.13 4.59 196.4
1.513 0.934 1.470 1.380 7152 JAYCORP 1.420 0.060 2186.6 1.432 9.96 3.52 194.9 0.390 0.180 0.390 0.375 5072 HIAPTEK 0.375 UNCH 11492 0.378 18.94 0.80 486.8
0.740 0.505 0.605 0.600 8931 JERASIA 0.600 UNCH 22 0.604 8.52 49.2 0.560 0.175 0.410 0.400 5199 HIBISCS 0.405 0.005 8768.8 0.404 4.63 584.8
2.618 1.650 1.710 1.680 5247 KAREX 1.690 -0.010 1806.7 1.688 45.55 1.18 1,694.0 1.276 0.840 1.170 1.120 7033 HIGHTEC 1.170 0.050 40.2 1.150 7.93 2.99 47.5
4.850 3.153 4.750 4.740 7216 KAWAN 4.750 0.010 81.5 4.750 34.52 0.53 1,280.8 1.250 0.700 1.140 1.140 8443 HIL 1.140 -0.050 29.3 1.140 19.35 1.32 317.7
0.260 0.040 0.165 0.165 8303 KFM 0.165 UNCH 110 0.165 11.3 0.405 0.270 5165 HOKHENG 0.320 32.32 25.6
0.920 0.711 0.790 0.770 6203 KHEESAN 0.790 UNCH 1.5 0.773 16.92 1.27 82.2 0.055 0.020 0.035 0.035 2739 HUAAN 0.035 UNCH 4.5 0.035 39.3
2.700 1.827 2.200 2.200 7062 KHIND 2.200 UNCH 0.4 2.200 10.91 4.55 88.1 3.385 2.130 2.300 2.210 5000 HUMEIND 2.230 0.020 113.3 2.233 41.84 0.90 1,068.4
2.210 0.995 2.080 2.000 0002 KOTRA 2.000 -0.020 3.7 2.025 19.88 1.00 266.5 0.075 0.045 0.050 0.050 9601 HWGB 0.050 UNCH 30 0.050 49.9
0.140 0.040 5172 KSTAR 0.090 26.4 0.890 0.730 9687 IDEALUBB 0.780 5.71 86.2
6.000 4.509 5.150 5.100 7006 LATITUD 5.100 -0.030 183.4 5.107 6.66 2.35 495.8 2.127 1.800 7222 IMASPRO 1.820 18.33 1.92 145.6
0.950 0.785 0.915 0.910 9385 LAYHONG 0.915 UNCH 361.2 0.910 30.50 0.55 557.0 0.300 0.165 0.180 0.180 7183 IRETEX 0.180 UNCH 42 0.180 24.8
0.377 0.261 0.310 0.305 8079 LEESK 0.310 0.010 85.5 0.307 10.99 3.23 52.0 0.085 0.055 0.065 0.065 7223 JADI 0.065 UNCH 321.3 0.065 61.2
3.374 2.607 3.220 3.200 7089 LIIHEN 3.220 UNCH 261 3.210 7.80 4.97 579.6 0.175 0.137 8648 JASKITA 0.145 6.90 65.2
0.820 0.710 0.795 0.760 7126 LONBISC 0.775 0.020 1465.9 0.778 10.00 144.6 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.790 1.760 7085 LTKM 1.790 -0.010 46 1.782 19.37 1.68 232.9 1.120 0.892 1.110 1.110 7043 JMR 1.110 UNCH 15.9 1.110 170.77 140.7
6.860 3.722 6.860 6.600 7087 MAGNI 6.850 0.200 208.9 6.748 11.10 2.04 1,114.7 1.729 0.825 1.640 1.600 7167 JOHOTIN 1.600 -0.030 164.1 1.614 7.94 1.64 440.3
0.045 0.015 5189 MAXWELL 0.025 10.0 1.460 1.035 1.200 1.180 4383 JTIASA 1.200 0.020 732.7 1.187 15.33 1.08 1,168.5
1.300 1.000 5886 MBG 1.140 26.57 2.63 69.3 0.310 0.160 0.280 0.265 0054 KARYON 0.275 0.010 3609.8 0.275 25.94 130.8
2.500 1.183 2.490 2.450 3662 MFLOUR 2.470 -0.020 278.2 2.468 15.43 2.63 1,359.2 1.109 0.680 0.770 0.730 7199 KEINHIN 0.760 0.045 174.5 0.755 13.13 1.97 75.2
1.000 0.800 7935 MILUX 0.860 46.8 0.545 0.340 6211 KIALIM 0.380 23.5
5.005 4.020 4.050 4.040 5202 MSM 4.050 0.010 76 4.050 106.3 3.46 2,847.1 3.078 2.733 3522 KIANJOO 2.910 9.56 1.37 1,292.5
0.035 0.030 5150 MSPORTS 0.035 21.2 2.400 1.535 1.980 1.970 5371 KIMHIN 1.970 -0.020 18.1 1.976 8.52 3.05 306.6
1.826 1.184 1.500 1.500 3921 MWE 1.500 UNCH 17 1.500 2.63 1.33 347.3 0.085 0.025 0.055 0.050 5060 KINSTEL 0.050 -0.005 1063.8 0.054 52.5
83.600 72.962 83.600 83.420 4707 NESTLE 83.500 UNCH 49.8 83.483 30.27 3.23 19,580.8 1.700 1.090 1.270 1.270 9466 KKB 1.270 0.010 28.8 1.270 3.15 327.4
4.880 2.624 4.400 4.320 7060 NHFATT 4.400 -0.010 17.9 4.335 10.37 2.50 330.7 0.455 0.255 0.265 0.255 7164 KNM 0.260 UNCH 4341.7 0.260 560.6
0.130 0.070 0.090 0.090 7139 NICE 0.090 -0.010 50 0.090 25.71 30.0 1.129 0.751 1.000 1.000 6971 KOBAY 1.000 -0.030 10 1.000 16.13 102.1
0.315 0.240 0.265 0.250 7215 NIHSIN 0.260 0.010 368.7 0.258 62.0 0.376 0.265 0.270 0.270 7017 KOMARK 0.270 UNCH 96.3 0.270 33.7
0.905 0.775 0.800 0.790 5066 NTPM 0.790 UNCH 762.5 0.798 17.56 3.04 887.3 6.946 5.565 6.480 6.310 7153 KOSSAN 6.480 0.120 148.6 6.353 25.52 1.70 4,143.8
0.690 0.345 0.625 0.605 7071 OCR 0.605 -0.020 782.3 0.612 146.1 0.805 0.345 0.790 0.780 7130 KPOWER 0.785 UNCH 726.7 0.785 44.3
0.250 0.040 0.155 0.145 7071PA OCR-PA 0.145 -0.010 6982.5 0.147 95.7 5.118 4.606 4.960 4.880 3476 KSENG 4.880 -0.090 16.7 4.909 12.53 2.05 1,764.0
2.447 1.353 1.600 1.580 7107 OFI 1.580 -0.020 7.5 1.581 20.79 2.53 379.2 0.580 0.341 0.545 0.540 5192 KSSC 0.545 0.010 268.4 0.545 9.87 2.75 52.3
7.300 6.290 6.670 6.550 4006 ORIENT 6.670 0.070 15.2 6.602 14.96 3.00 4,138.0 0.760 0.295 0.685 0.650 8362 KYM 0.670 0.020 1439 0.675 25.67 100.4
3.629 2.041 3.540 3.450 7052 PADINI 3.480 0.020 307.4 3.514 14.75 2.87 2,289.5 8.400 5.060 5.380 5.200 3794 LAFMSIA 5.340 0.120 1438.5 5.266 675.9 3.75 4,537.4
38.422 27.912 36.460 36.000 3719 PANAMY 36.260 -0.020 53.4 36.197 17.35 3.83 2,202.6 0.925 0.515 0.925 0.875 9326 LBALUM 0.920 0.035 8627.5 0.907 10.19 2.17 228.6
0.774 0.516 5022 PAOS 0.540 33.54 3.02 97.8 0.614 0.448 0.530 0.515 5092 LCTH 0.515 0.005 57 0.518 13.07 4.85 185.4
0.650 0.295 0.490 0.490 9407 PARAGON 0.490 UNCH 10 0.490 21.78 34.3 0.844 0.412 0.800 0.785 5232 LEONFB 0.790 0.005 692.1 0.791 6.83 1.90 244.9
0.660 0.310 0.555 0.550 6068 PCCS 0.550 0.005 80.6 0.552 33.0 0.440 0.100 0.340 0.315 8745 LEWEKO 0.330 UNCH 565.6 0.324 106.2
1.060 0.700 0.900 0.880 5231 PELIKAN 0.900 UNCH 18.1 0.900 183.67 498.0 0.080 0.020 0.050 0.050 2887 LIONDIV 0.050 UNCH 200 0.050 69.6
0.235 0.145 0.185 0.180 4081 PMCORP 0.180 -0.005 69 0.181 10.00 139.2 1.280 0.275 1.230 1.180 4235 LIONIND 1.230 0.050 5119.9 1.200 883.0
0.529 0.441 5080 POHKONG 0.495 12.13 2.02 203.1 0.665 0.280 0.635 0.610 9881 LSTEEL 0.630 0.005 1284.4 0.625 9.10 80.7
2.018 1.379 1.970 1.930 7088 POHUAT 1.950 -0.010 449.2 1.949 7.26 4.10 442.6 0.160 0.050 0.125 0.120 5068 LUSTER 0.125 0.005 1260 0.122 247.0
17.300 15.159 17.000 16.720 4065 PPB 16.800 -0.040 737.7 16.791 17.21 1.49 19,916.4 3.875 3.336 3.480 3.480 9199 LYSAGHT 3.480 -0.020 8 3.480 9.22 2.01 144.7
0.720 0.484 7190 PPG 0.610 11.73 2.26 61.0 1.280 0.495 1.130 1.100 5098 MASTEEL 1.110 -0.010 1248 1.108 8.81 271.4
1.686 1.262 1.530 1.500 8966 PRLEXUS 1.500 -0.030 254.9 1.508 9.40 2.00 268.1 0.855 0.475 0.665 0.655 7029 MASTER 0.655 -0.020 124.8 0.660 11.45 1.53 35.8
1.170 0.636 1.070 1.030 7134 PWF 1.030 -0.040 310.2 1.042 17.31 2.64 172.4 1.170 0.800 1.080 1.040 5152 MBL 1.050 -0.010 35.4 1.043 7.61 3.81 96.6
2.705 1.840 2.480 2.400 7237 PWROOT 2.400 -0.010 2.6 2.409 16.90 4.79 791.5 0.870 0.618 0.855 0.800 7004 MCEHLDG 0.830 0.010 30 0.819 143.1 1.81 36.9
5.000 4.143 4.930 4.860 7084 QL 4.900 0.020 1090.6 4.904 31.21 0.87 6,115.3 0.660 0.290 0.315 0.310 3778 MELEWAR 0.310 -0.005 202 0.311 69.9
2.380 1.450 2.280 2.260 9946 REX 2.270 -0.030 286.2 2.267 101.34 0.88 140.0 0.789 0.478 5223 MENTIGA 0.700 9.92 1.43 49.0
1.890 0.900 1.600 1.560 0183 SALUTE 1.600 0.010 661.1 1.589 24.54 1.50 620.8 1.426 1.062 1.280 1.280 8192 MERCURY 1.280 -0.020 4 1.280 13.54 9.38 51.4
1.609 1.000 1.420 1.370 5252 SASBADI 1.410 0.030 77.1 1.386 22.24 1.60 394.0 1.837 1.596 6149 METROD 1.760 18.09 3.41 211.2
0.390 0.275 0.340 0.340 5157 SAUDEE 0.340 UNCH 4.5 0.340 377.7 40.8 2.670 0.776 2.200 2.160 5001 MIECO 2.180 0.010 319.3 2.177 8.03 4.59 457.8
1.280 1.000 7180 SERNKOU 1.200 144.0 0.150 0.075 0.130 0.125 7219 MINETEC 0.125 UNCH 834.3 0.127 91.4
0.845 0.580 0.660 0.660 7165 SGB 0.660 -0.010 53 0.660 97.3 0.784 0.525 0.550 0.535 5576 MINHO 0.550 0.010 158.7 0.535 9.47 120.8
0.220 0.060 0.195 0.190 7165PA SGB-PA 0.195 UNCH 550 0.194 91.8 4.403 2.530 4.010 3.980 5916 MSC 4.010 UNCH 6 3.995 14.96 2.00 401.0
2.131 1.480 1.540 1.530 7412 SHH 1.540 0.010 17 1.536 14.58 6.49 77.0 2.148 1.373 1.560 1.540 3883 MUDA 1.540 UNCH 163.3 1.546 18.16 1.95 469.8
1.070 0.800 0.915 0.900 7246 SIGN 0.900 -0.005 62.4 0.907 4.99 5.56 216.3 1.200 0.400 0.820 0.805 5087 MYCRON 0.815 -0.005 406.4 0.811 6.36 231.1
0.915 0.172 0.680 0.665 8532 SINOTOP 0.670 -0.005 104.5 0.672 49.63 264.6 0.240 0.035 7002 NAKA 0.110 6.1
0.865 0.600 0.755 0.710 9776 SMCAP 0.735 -0.010 481.5 0.720 38.48 44.9 0.385 0.190 0.210 0.205 5025 NWP 0.205 UNCH 170 0.205 74.0
0.385 0.200 0.335 0.335 7943 SNC 0.335 UNCH 10 0.335 44.67 22.1 1.180 0.492 1.180 1.120 4944 NYLEX 1.160 0.030 3254.2 1.158 11.09 1.72 225.4
2.548 2.155 2.450 2.450 7103 SPRITZER 2.450 -0.020 23.5 2.450 17.79 2.36 447.4 1.760 1.004 1.750 1.730 7140 OKA 1.750 0.020 123.5 1.739 10.25 3.14 285.1
1.500 1.020 1.160 1.150 7186 SWSCAP 1.150 UNCH 45.2 1.160 71.43 0.87 167.8 1.320 0.865 1.290 1.250 5065 ORNA 1.270 UNCH 363.9 1.271 10.23 2.36 95.6
0.669 0.492 0.540 0.535 7082 SYF 0.535 -0.005 189.2 0.538 8.57 1.87 331.3 0.090 0.055 0.070 0.070 7225 PA 0.070 UNCH 710 0.070 66.3
0.505 0.280 7211 TAFI 0.420 33.6 7.800 6.192 7.200 7.050 5183 PCHEM 7.100 -0.050 4276.4 7.104 15.66 2.68 56,800
1.979 1.651 1.840 1.820 4405 TCHONG 1.840 UNCH 66.6 1.831 1.09 1,236.5 2.020 1.454 1.620 1.580 5271 PECCA 1.600 0.010 345.7 1.614 20.15 2.50 300.8
1.402 0.520 0.540 0.530 7200 TEKSENG 0.535 0.005 312.8 0.536 9.93 3.74 186.3 0.801 0.584 0.635 0.630 9997 PENSONI 0.635 -0.005 32 0.632 10.85 4.72 82.3
1.250 0.955 0.975 0.960 7252 TEOSENG 0.975 0.005 106.6 0.967 19.16 1.54 292.5 8.150 5.465 7.810 7.710 5436 PERSTIM 7.810 UNCH 8.6 7.809 14.06 5.12 775.6
1.510 1.230 9369 TGL 1.400 18.72 5.36 57.0 21.942 17.949 19.260 18.700 6033 PETGAS 18.720 -0.180 475.9 18.888 21.11 3.37 37,041.9
0.620 0.400 7230 TOMEI 0.590 14.57 81.8 8.710 3.416 7.380 7.170 3042 PETRONM 7.220 0.060 153.7 7.279 5.92 3.05 1,949.4
0.560 0.420 0.430 0.430 7176 TPC 0.430 UNCH 20 0.430 46.24 100.5 2.593 1.595 2.330 2.310 7095 PIE 2.320 -0.010 431.6 2.319 19.55 1.03 891.0
7.000 4.430 6.070 5.900 4588 UMW 5.900 -0.120 243.5 5.967 3.39 6,892.9 2.580 1.171 2.520 2.340 7172 PMBTECH 2.420 -0.080 268.4 2.464 17.56 1.65 193.6
2.540 2.000 2.500 2.430 7757 UPA 2.430 -0.010 6.1 2.443 5.81 3.29 193.4 2.977 2.530 8869 PMETAL 2.680 18.33 1.89 10,006
1.668 0.677 1.590 1.550 7203 WANGZNG 1.560 -0.010 86.3 1.561 13.58 2.56 249.6 0.575 0.450 0.515 0.515 6637 PNEPCB 0.515 0.005 9.3 0.515 13.59 67.7
0.325 0.080 0.265 0.255 5156 XDL 0.260 -0.010 211.7 0.260 29.21 175.2 0.995 0.270 0.600 0.590 8117 POLY 0.590 -0.010 25 0.598 2.76 94.4
0.615 0.360 0.605 0.565 7121 XIANLNG 0.575 -0.015 347.4 0.589 41.8 1.630 0.840 1.630 1.580 8273 PPHB 1.620 0.050 1180.6 1.611 9.98 178.0
0.245 0.020 5155 XINQUAN 0.055 26.7 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
2.880 2.111 2.460 2.450 5584 YEELEE 2.450 UNCH 27.9 2.453 11.73 1.84 468.5 1.370 0.501 1.340 1.300 9873 PRESTAR 1.320 UNCH 519.1 1.314 7.76 2.27 267.3
1.360 1.050 1.300 1.290 5159 YOCB 1.290 UNCH 157.8 1.291 8.87 3.10 206.4 1.110 0.635 1.050 1.010 7168 PRG 1.030 0.020 304.3 1.030 85.83 0.49 307.4
2.907 1.744 2.860 2.750 7178 YSPSAH 2.790 -0.020 286.1 2.782 11.93 2.51 380.7 0.330 0.085 0.250 0.240 7123 PWORTH 0.240 -0.010 6238.7 0.244 92.31 223.4
1.957 1.160 1.640 1.620 5131 ZHULIAN 1.640 0.010 70.1 1.624 15.37 3.66 754.4 1.480 1.100 7544 QUALITY 1.160 67.2
INDUSTRIAL PRODUCTS 0.840 0.510 7498 RALCO 0.570 23.9
1.392 0.922 1.290 1.280 0012 3A 1.290 UNCH 47.1 1.290 14.91 1.12 634.7 5.970 5.320 7765 RAPID 5.770 790.4 616.8
0.210 0.085 0.120 0.120 7086 ABLEGRP 0.120 -0.005 15 0.120 31.7 0.745 0.435 0.455 0.450 5256 REACH 0.455 0.005 428.5 0.454 20.13 498.9
0.400 0.200 0.330 0.330 7131 ACME 0.330 UNCH 9 0.330 72.1 0.625 0.387 0.585 0.565 7232 RESINTC 0.580 UNCH 854.7 0.571 8.80 2.07 79.6
0.900 0.630 0.715 0.715 7191 ADVENTA 0.715 -0.015 11.6 0.715 3575 109.2 1.190 0.595 1.100 1.090 9741 ROHAS 1.100 0.010 193.7 1.095 439.8
2.694 1.859 9148 ADVPKG 2.240 18.62 5.36 45.9 0.844 0.715 0.770 0.765 7803 RUBEREX 0.770 0.005 25.9 0.767 8.57 1.62 194.2
0.220 0.125 0.180 0.175 7146 AEM 0.180 -0.005 187 0.180 53.9 5.250 3.604 5.250 5.150 5134 SAB 5.150 0.030 76.2 5.189 14.49 0.97 705.2
0.500 0.360 5198 AFUJIYA 0.420 23.33 75.6 7.980 4.880 7.650 7.530 9822 SAM 7.570 -0.080 65.5 7.582 20.78 1.36 953.0
0.635 0.335 0.515 0.490 2682 AISB 0.515 0.020 22.5 0.497 15.33 74.4 1.010 0.841 1.000 1.000 7811 SAPIND 1.000 0.020 1.2 1.000 11.82 6.00 72.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T HU R SDAY JU N E 29, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.420 1.010 1.190 1.170 5170 SCABLE 1.180 -0.010 53.1 1.178 19.28 2.54 374.1 0.624 0.370 0.550 0.550 6939 FIAMMA 0.550 UNCH 20 0.550 11.20 2.73 291.5
4.350 2.683 4.230 4.160 7247 SCGM 4.160 -0.050 51.5 4.183 24.23 1.92 604.0 0.440 0.380 0.405 0.400 9318 FITTERS 0.405 0.005 187 0.402 1.48 194.6
0.770 0.520 9237 SCIB 0.650 35.91 47.8 1.468 1.084 1.360 1.340 7210 FREIGHT 1.360 0.020 10.3 1.340 11.70 3.68 253.2
8.990 5.921 8.500 8.380 4731 SCIENTX 8.500 0.100 140.9 8.455 18.63 1.88 4,110.2 0.330 0.125 0.305 0.295 0128 FRONTKN 0.295 -0.005 7351.9 0.299 11.71 310.8
0.345 0.250 7239 SCNWOLF 0.290 25.4 0.290 0.150 9377 FSBM 0.220 31.1
0.525 0.135 0.265 0.255 7366 SCOMIEN 0.255 -0.005 250 0.261 87.2 3.096 2.130 2.970 2.820 5209 GASMSIA 2.960 0.090 45.3 2.872 22.68 4.34 3,800.6
1.660 0.660 1.340 1.310 7073 SEACERA 1.320 -0.010 953.6 1.324 70.21 2.27 324.8 0.820 0.373 0.650 0.615 0078 GDEX 0.620 -0.020 7586.5 0.629 88.57 0.40 3,457.3
0.245 0.140 0.155 0.155 5145 SEALINK 0.155 UNCH 20 0.155 77.5 6.302 4.100 5.830 5.590 4715 GENM 5.590 -0.240 8182.2 5.662 10.39 1.65 33,193.7
0.765 0.250 5163 SEB 0.715 57.2 10.000 7.449 9.770 9.500 3182 GENTING 9.500 -0.220 3548.5 9.593 13.50 0.63 36,249.8
0.955 0.388 0.955 0.840 5181 SIGGAS 0.920 0.095 16885 0.920 38.17 1.30 172.5 4.397 1.332 4.250 4.090 3204 GKENT 4.130 -0.010 1503.1 4.167 14.81 2.42 1,550.9
1.040 0.550 0.870 0.855 7115 SKBSHUT 0.855 -0.065 6.5 0.868 12.74 34.2 0.555 0.300 0.480 0.480 7676 GUNUNG 0.480 UNCH 49 0.480 113.4
1.440 1.083 1.310 1.280 7155 SKPRES 1.280 -0.030 538.3 1.287 14.37 2.73 1,599.4 3.980 1.681 3.960 3.890 7668 HAIO 3.910 -0.010 146 3.917 21.73 2.73 1,167.7
3.021 1.949 2.420 2.400 7248 SLP 2.400 -0.080 9.4 2.416 23.35 1.88 593.6 0.335 0.200 0.225 0.225 7253 HANDAL 0.225 -0.015 8.1 0.225 36.0
0.740 0.585 7132 SMISCOR 0.605 4.13 27.1 9.350 7.192 9.350 9.100 3034 HAPSENG 9.150 0.060 1190.4 9.220 21.45 3.83 22,780.6
1.780 0.884 1.700 1.690 5665 SSTEEL 1.700 -0.010 196.1 1.698 1.76 729.3 1.121 0.685 0.695 0.695 2062 HARBOUR 0.695 -0.005 44.5 0.695 8.36 2.88 278.3
0.355 0.065 0.275 0.260 7143 STONE 0.275 -0.005 30 0.265 24.7 4.077 2.693 4.060 3.880 5008 HARISON 4.040 0.010 32.8 3.917 13.07 6.19 276.7
1.550 1.340 1.360 1.360 6904 SUBUR 1.360 -0.010 51 1.360 284.2 0.150 0.050 0.065 0.060 7013 HUBLINE 0.065 UNCH 2279.9 0.064 57.7
4.320 1.535 3.700 3.680 7207 SUCCESS 3.700 UNCH 25 3.698 11.42 1.35 454.0 0.480 0.225 0.235 0.230 5255 ICON 0.230 -0.005 389 0.230 270.8
2.220 1.780 2.220 2.130 7235 SUPERLN 2.190 0.090 1420.6 2.187 14.66 1.26 350.4 6.696 5.512 5.990 5.880 5225 IHH 5.920 -0.030 2147.8 5.910 57.53 0.51 48,758.7
2.359 1.880 2.010 1.990 7106 SUPERMX 2.000 0.020 538.8 1.999 22.81 1.25 1,360.3 0.920 0.725 0.770 0.765 5614 ILB 0.765 -0.025 23.2 0.766 58.85 3.27 149.2
4.210 3.317 3.550 3.510 5012 TAANN 3.530 UNCH 392 3.527 10.29 3.42 1,570.3 1.000 0.730 5673 IPMUDA 0.730 4.11 52.9
0.545 0.355 0.390 0.380 4022 TADMAX 0.380 -0.005 1057.1 0.383 204.7 2.190 1.340 0058 JCBNEXT 1.840 28.93 1.09 257.6
0.415 0.235 0.325 0.320 5149 TAS 0.325 0.010 85.1 0.321 58.5 0.310 0.230 0.290 0.275 8923 JIANKUN 0.290 0.005 230 0.290 48.4
14.658 12.135 13.040 13.020 4448 TASEK 13.020 UNCH 4.7 13.020 50.70 9.22 1,609.5 0.390 0.295 8672 KAMDAR 0.370 73.3
14.449 13.540 4448P TASEK-PA 13.540 5.17 4.5 0.355 0.180 0.235 0.220 5079 KBES 0.220 -0.010 15 0.220 27.7
0.290 0.090 0.175 0.175 5178 TATGIAP 0.175 -0.005 22.7 0.175 27.1 1.960 1.690 1.830 1.820 6491 KFIMA 1.820 -0.010 78.6 1.826 16.91 4.95 513.7
1.220 0.290 1.110 1.080 7097 TAWIN 1.100 -0.010 316.5 1.101 14.59 70.7 0.750 0.240 0.685 0.665 0151 KGB 0.670 -0.005 767.8 0.670 13.99 1.49 154.0
2.920 1.020 2.010 2.010 7439 TECGUAN 2.010 -0.070 11.6 2.010 6.73 80.6 1.680 1.020 5035 KNUSFOR 1.280 1.56 127.5
0.700 0.285 0.610 0.580 6378 TEKALA 0.610 0.015 217.4 0.598 93.3 4.280 3.803 4.200 4.170 5878 KPJ 4.200 0.020 70.3 4.189 30.30 1.67 4,478.2
4.870 3.764 4.240 4.150 7034 TGUAN 4.180 -0.050 65.2 4.190 8.25 2.87 537.4 1.740 0.923 1.430 1.370 5843 KPS 1.420 0.030 103 1.409 1183.3 4.40 708.6
2.166 1.460 1.880 1.850 7374 TIENWAH 1.880 0.020 9.2 1.856 4.74 6.38 272.1 0.590 0.485 0.535 0.535 9121 KPSCB 0.535 -0.015 50.1 0.535 10.92 79.1
0.800 0.560 7854 TIMWELL 0.695 61.9 0.225 0.115 0.140 0.135 4847 KTB 0.140 -0.005 207.6 0.136 56.4
1.047 0.595 0.995 0.985 7285 TOMYPAK 0.985 -0.005 288.6 0.992 16.42 3.25 412.5 0.628 0.299 0.505 0.485 6874 KUB 0.490 -0.015 1534.3 0.494 10.94 2.04 272.7
3.601 1.712 3.300 3.280 5010 TONGHER 3.280 -0.020 77 3.294 9.77 9.15 516.4 0.380 0.240 0.285 0.280 7170 LFECORP 0.280 -0.010 922.5 0.283 29.79 50.8
5.940 4.130 5.780 5.700 7113 TOPGLOV 5.780 0.120 3067.3 5.738 24.19 2.51 7,260.3 0.650 0.420 0.570 0.555 8486 LIONFIB 0.570 UNCH 19.5 0.570 132.0
0.850 0.495 7173 TOYOINK 0.750 80.3 2.040 1.334 2.000 1.940 5143 LUXCHEM 1.950 -0.010 213 1.952 10.60 3.59 545.2
0.230 0.145 0.195 0.195 4359 TURIYA 0.195 UNCH 5 0.195 44.6 2.421 1.670 1.750 1.720 3859 MAGNUM 1.720 UNCH 951.8 1.732 16.17 7.56 2,472.9
1.850 1.388 1.850 1.810 7100 UCHITEC 1.840 0.020 720.7 1.832 13.64 7.07 819.0 1.700 1.040 1.070 1.050 5264 MALAKOF 1.060 -0.010 3415.3 1.061 14.30 6.60 5,300.0
6.712 3.310 4.290 4.120 7133 ULICORP 4.270 0.150 6.4 4.198 22.20 2.81 620.0 0.179 0.141 0.155 0.150 3514 MARCO 0.150 -0.005 65 0.150 9.04 3.33 158.1
1.425 1.113 1.260 1.250 7227 UMSNGB 1.250 -0.030 82 1.250 9.05 2.40 100.0 6.549 5.415 5.650 5.600 6012 MAXIS 5.610 -0.030 5979.9 5.605 21.08 3.57 42,134.0
1.640 1.000 1.610 1.580 4995 VERSATL 1.600 UNCH 3489.4 1.594 2666 187.7 0.955 0.680 0.735 0.725 5077 MAYBULK 0.725 UNCH 255 0.727 725.0
2.120 1.124 2.090 2.060 6963 VS 2.080 0.010 3375.4 2.074 18.77 2.32 2,495.6 2.636 1.903 2.250 2.220 5983 MBMR 2.220 -0.060 11.9 2.247 12.93 2.70 867.8
1.010 0.651 0.930 0.915 5142 WASEONG 0.930 0.005 223.8 0.919 0.54 720.6 1.415 0.935 0.940 0.935 4502 MEDIA 0.935 UNCH 956.6 0.936 8.56 1,037.1
0.485 0.310 7226 WATTA 0.420 35.5 0.729 0.515 0.525 0.515 5090 MEDIAC 0.515 -0.010 399.8 0.519 12.97 5.96 868.9
2.050 1.402 1.910 1.910 7111 WEIDA 1.910 -0.010 5.8 1.910 13.37 1.57 254.7 1.070 0.550 0.760 0.760 7234 MESB 0.760 UNCH 4 0.760 31.9
2.349 1.715 2.150 2.140 7231 WELLCAL 2.140 -0.020 8.4 2.148 20.92 4.30 709.8 3.988 1.700 3.790 3.740 3069 MFCB 3.770 0.030 122.8 3.755 9.87 1.33 1,515.7
0.845 0.530 0.730 0.700 7050 WONG 0.730 -0.010 272 0.710 132.7 66.9 1.160 0.810 0.830 0.810 5186 MHB 0.810 -0.015 620.2 0.816 1,296.0
0.700 0.430 0.585 0.585 7025 WOODLAN 0.585 -0.015 3 0.585 15.48 23.4 7.827 6.785 7.480 7.280 3816 MISC 7.320 -0.080 1523.9 7.352 12.17 3.69 32,675.0
2.084 1.836 5009 WTHORSE 2.000 31.35 5.00 480.0 2.606 1.908 2.400 2.370 2194 MMCCORP 2.400 UNCH 893.7 2.399 13.22 1.67 7,308.1
1.145 0.870 0.885 0.875 4243 WTK 0.885 0.005 80.8 0.880 87.62 2.26 426.0 0.395 0.205 0.345 0.340 0059 MMODE 0.340 -0.010 1084.4 0.341 1.76 55.3
1.380 0.953 1.190 1.160 7245 WZSATU 1.190 UNCH 216.7 1.167 14.66 1.68 415.2 0.100 0.055 0.060 0.055 0043 MTRONIC 0.055 UNCH 807.5 0.055 52.2
0.975 0.745 0.790 0.790 5048 YILAI 0.790 0.015 30 0.790 36.57 126.4 0.280 0.115 0.200 0.190 3891 MUIIND 0.195 UNCH 885.6 0.194 571.8
0.400 0.180 0.230 0.225 7020 YKGI 0.225 -0.005 101.3 0.225 78.4 3.050 1.950 2.260 2.170 3905 MULPHA 2.250 UNCH 808.1 2.210 234.3 719.1
0.700 0.380 7014 YLI 0.535 10.51 55.1 2.370 1.385 2.190 2.130 0138 MYEG 2.170 0.050 8149.4 2.169 40.33 0.63 7,825.7
CONSTRUCTION 0.865 0.305 0.610 0.590 9806 NATWIDE 0.590 -0.020 68.6 0.604 70.9
0.750 0.280 0.500 0.490 7007 ARK 0.490 -0.015 27 0.497 23.9 0.140 0.070 0.085 0.085 4464 NICORP 0.085 UNCH 957.2 0.085 7.20 73.4
1.190 0.592 1.100 1.100 7078 AZRB 1.100 UNCH 50 1.100 18.30 1.82 584.7 0.828 0.631 5533 OCB 0.670 12.07 1.49 68.9
0.793 0.576 0.670 0.665 6173 BDB 0.665 UNCH 412 0.666 6.32 6.77 202.1 0.985 0.750 0.985 0.975 0172 OCK 0.975 -0.005 2139.8 0.979 29.91 0.62 849.7
0.625 0.351 0.430 0.420 5190 BENALEC 0.420 -0.010 708.2 0.424 23.73 1.67 341.0 3.460 1.614 2.750 2.720 5201 OLDTOWN 2.730 0.010 208 2.737 20.30 2.75 1,264.6
0.510 0.360 0.410 0.405 5932 BPURI 0.405 UNCH 197.9 0.407 115.71 108.2 0.210 0.070 0.135 0.130 3018 OLYMPIA 0.135 -0.005 1929.1 0.135 28.13 138.2
1.070 0.790 0.960 0.950 8761 BREM 0.950 -0.010 139.9 0.955 69.34 328.2 2.540 1.640 1.700 1.680 5260 OWG 1.690 UNCH 81.8 1.691 61.90 410.5
1.158 0.835 1.100 1.070 8591 CRESBLD 1.080 UNCH 235 1.079 10.98 3.70 191.1 0.510 0.390 0.415 0.415 8419 PANSAR 0.415 UNCH 66.7 0.415 23.71 2.41 116.2
2.120 1.460 7528 DKLS 1.900 3.51 1.58 176.1 0.665 0.435 0.600 0.585 5125 PANTECH 0.585 -0.015 197 0.592 14.00 2.65 433.4
2.540 1.270 2.510 2.500 5253 ECONBHD 2.500 -0.010 579.6 2.500 17.05 1.80 1,337.5 0.885 0.565 0.575 0.565 5657 PARKSON 0.570 -0.005 266.6 0.569 623.5
1.520 1.010 1.240 1.200 8877 EKOVEST 1.220 0.020 5095.2 1.220 11.47 0.98 2,609.8 1.320 1.022 1.320 1.300 5041 PBA 1.320 0.020 356.3 1.312 6.53 3.03 437.3
1.010 0.482 1.000 0.975 7047 FAJAR 0.990 0.005 1755.3 0.988 14.06 2.53 363.2 0.135 0.050 0.050 0.050 6254 PDZ 0.050 UNCH 208.8 0.050 43.5
1.350 0.885 1.300 1.280 9261 GADANG 1.290 UNCH 1310.4 1.290 8.85 2.17 846.0 1.250 0.867 5133 PENERGY 1.130 1.77 363.6
5.520 4.592 5.520 5.460 5398 GAMUDA 5.480 0.030 8495.5 5.497 20.38 2.19 13,382 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.490 0.815 1.440 1.400 5226 GBGAQRS 1.400 -0.020 244.9 1.419 15.61 547.3 0.245 0.040 0.050 0.045 0047 PERISAI 0.045 UNCH 2171 0.050 56.7
0.920 0.710 0.810 0.800 5169 HOHUP 0.800 -0.010 439 0.804 4.80 299.9 0.290 0.115 0.175 0.175 7080 PERMAJU 0.175 -0.005 60 0.175 34.3
1.846 1.560 1.650 1.630 6238 HSL 1.640 0.010 12 1.640 17.52 1.46 955.6 1.770 1.413 1.650 1.560 5219 PESTECH 1.650 0.090 317.3 1.627 22.54 1,259.6
3.557 2.998 3.430 3.280 3336 IJM 3.420 0.060 5123.2 3.366 18.84 2.19 12,40 25.245 22.248 24.680 23.940 5681 PETDAG 24.160 -0.060 871.8 24.112 25.39 2.98 24,001.8
0.765 0.565 0.700 0.690 5268 IKHMAS 0.700 0.005 378.3 0.697 70.71 0.71 364.0 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.360 0.290 0.315 0.305 0192 INTA 0.315 0.005 7082.3 0.311 0.26 168.6 5.624 4.480 4.580 4.480 7081 PHARMA 4.580 0.080 42.6 4.560 25.72 3.49 1,187.9
0.710 0.485 0.605 0.580 8834 IREKA 0.605 -0.015 10.6 0.581 22.57 103.4 0.189 0.118 0.165 0.160 7201 PICORP 0.160 -0.005 184.3 0.164 3.81 105.3
1.790 0.900 1.490 1.440 4723 JAKS 1.460 -0.030 1882.1 1.453 88.48 704.0 0.420 0.220 7163 PJBUMI 0.295 14.8
0.450 0.205 0.450 0.385 9083 JETSON 0.445 0.065 4382.1 0.416 89.9 5.780 2.412 5.230 5.140 4634 POS 5.200 0.040 304.2 5.169 40.34 2.25 4,070.4
3.440 1.926 3.240 3.170 7161 KERJAYA 3.200 -0.040 381.3 3.198 14.04 1.25 1,653.8 2.530 1.690 5204 PRESBHD 2.100 112.3 1.43 1,016.4
2.420 1.675 2.270 2.250 5171 KIMLUN 2.250 UNCH 59.5 2.258 8.66 2.89 698.2 2.590 1.640 1.790 1.700 8346 PRKCORP 1.760 0.060 152.8 1.739 176.0
1.540 1.010 9628 LEBTECH 1.510 157.2 206.1 0.320 0.155 0.320 0.310 0186 PTRANS 0.310 -0.005 5920.8 0.315 13.08 1.13 354.3
1.240 0.644 0.895 0.880 5129 MELATI 0.895 0.005 88.6 0.889 4.90 1.96 107.4 0.932 0.722 0.840 0.830 5272 RANHILL 0.840 0.010 35.8 0.835 8.62 9.29 746.2
0.415 0.240 0.415 0.375 5006 MERGE 0.390 -0.005 698.4 0.389 15.48 26.1 0.360 0.155 0.285 0.280 0037 RGB 0.280 -0.005 624.1 0.285 14.66 2.14 374.7
1.470 1.150 1.380 1.370 9571 MITRA 1.380 0.010 684.8 1.377 7.18 3.62 928.5 0.385 0.315 0.340 0.340 8885 RPB 0.340 0.010 0.2 0.340 291.9
1.240 0.570 1.140 1.090 7595 MLGLOBAL 1.120 -0.020 345.8 1.108 37.46 410.6 0.687 0.513 0.580 0.560 8567 SALCON 0.560 -0.005 1489.6 0.562 3.57 379.5
0.440 0.235 0.365 0.360 5924 MTDACPI 0.360 UNCH 58.8 0.361 600.0 83.4 1.147 0.358 0.940 0.925 5147 SAMCHEM 0.925 -0.010 129.2 0.931 15.31 3.51 251.6
1.670 0.725 1.390 1.360 5085 MUDAJYA 1.360 -0.010 312.9 1.375 751.3 0.315 0.105 9113 SANBUMI 0.230 52.1
2.990 2.074 2.820 2.690 5703 MUHIBAH 2.740 0.030 272.3 2.788 11.81 2.01 1,321.0 2.399 1.920 0099 SCICOM 2.340 17.55 3.85 831.8
0.724 0.318 0.640 0.635 8311 PESONA 0.635 -0.005 158.8 0.636 20.96 3.15 423.7 0.215 0.090 0.135 0.125 7158 SCOMI 0.125 -0.010 652 0.127 239.7
1.579 1.132 7055 PLB 1.500 0.67 136.9 0.270 0.130 0.140 0.135 7045 SCOMIES 0.140 UNCH 1180.8 0.135 327.8
1.288 0.924 1.070 1.040 5070 PRTASCO 1.040 -0.020 194.2 1.052 13.58 5.77 441.7 1.160 0.972 1.060 1.060 7053 SEEHUP 1.060 0.020 10 1.060 6.79 55.4
0.215 0.095 0.170 0.165 7145 PSIPTEK 0.165 -0.010 1531.2 0.166 17.55 57.5 0.769 0.559 0.705 0.705 9792 SEG 0.705 -0.005 162 0.705 33.89 4.96 891.9
4.170 3.125 4.040 4.010 9598 PTARAS 4.030 0.020 14 4.028 17.26 4.96 663.8 1.911 1.280 1.400 1.370 5250 SEM 1.390 -0.010 556.8 1.386 36.20 1.65 1,714.4
1.390 0.405 1.390 1.350 5205 SENDAI 1.380 0.010 1871.7 1.368 0.36 1,068.1 2.100 1.284 1.580 1.540 5218 SENERGY 1.570 UNCH 25251.9 1.563 74.06 0.64 9,407.7
2.150 1.447 2.040 2.000 5263 SUNCON 2.040 0.020 862.6 2.027 20.42 2.45 2,637.5 2.267 1.488 1.930 1.900 5279 SERBADK 1.920 UNCH 599.1 1.915 2.01 2,563.2
0.415 0.300 0.330 0.320 9717 SYCAL 0.330 UNCH 440.1 0.324 18.33 105.7 9.700 7.067 9.700 9.550 4197 SIME 9.610 UNCH 5306.9 9.624 20.50 2.81 65,356.1
0.760 0.364 0.720 0.710 5054 TRC 0.720 0.010 1017.5 0.716 8.94 2.64 346.0 0.917 0.651 9431 SJC 0.690 46.31 1.45 28.0
2.400 1.500 1.740 1.720 5622 TRIPLC 1.720 -0.010 6 1.723 5.31 118.0 1.380 1.200 1.300 1.280 5242 SOLID 1.300 UNCH 19.4 1.282 64.36 1.00 217.4
0.825 0.430 0.725 0.725 5042 TSRCAP 0.725 -0.015 10 0.725 11.04 126.5 2.540 2.140 2.360 2.300 6084 STAR 2.360 0.040 221 2.336 17.23 7.63 1,743.0
0.145 0.086 0.115 0.115 7070 VIZIONE 0.115 UNCH 341.9 0.115 44.23 100.6 2.800 2.242 9865 SUIWAH 2.700 15.29 1.30 164.7
1.680 0.890 1.410 1.390 3565 WCEHB 1.400 0.010 1609.2 1.400 40.00 1,403.8 0.110 0.045 0.060 0.050 1201 SUMATEC 0.055 UNCH 5372.5 0.059 212.6
2.467 1.457 2.080 2.030 9679 WCT 2.050 0.010 486.2 2.052 27.85 1.45 2,893.5 4.050 2.756 3.920 3.880 5211 SUNWAY 3.890 -0.020 1551.3 3.894 13.44 2.29 8,077.9
0.670 0.550 0.585 0.585 7028 ZECON 0.585 0.005 5.1 0.585 1.35 69.7 2.257 1.759 2.050 2.040 6521 SURIA 2.040 -0.010 1.5 2.046 9.22 3.43 587.9
0.205 0.100 0.145 0.135 2283 ZELAN 0.145 UNCH 483.7 0.138 122.5 0.355 0.235 0.275 0.265 5173 SYSCORP 0.275 UNCH 45 0.266 305.5 330.0
TRADING SERVICES 0.490 0.275 0.390 0.385 7228 T7GLOBAL 0.390 UNCH 78 0.385 15.92 148.8
0.550 0.350 0.415 0.405 5238 AAX 0.410 UNCH 8665.1 0.409 41.84 1,700.7 1.747 1.280 1.490 1.490 8524 TALIWRK 1.490 -0.030 5 1.490 25.82 5.37 1,802.1
0.270 0.135 0.140 0.140 5166 AEGB 0.140 UNCH 209 0.140 57.4 2.667 1.342 2.400 2.380 5140 TASCO 2.380 -0.020 77.8 2.390 15.53 1.89 476.0
2.960 2.082 2.270 2.210 6599 AEON 2.270 0.060 153.9 2.242 43.24 1.32 3,187.1 14.560 12.832 14.280 14.060 5347 TENAGA 14.140 -0.020 5414.9 14.135 10.95 2.76 80,018
0.295 0.160 0.240 0.225 7315 AHB 0.230 0.005 690.7 0.234 65.71 36.8 1.573 1.370 1.400 1.400 8702 TEXCHEM 1.400 -0.020 2 1.400 35.00 14.29 173.7
3.468 2.086 3.220 3.160 5099 AIRASIA 3.170 -0.020 10153.2 3.180 5.24 3.79 10,594.1 0.240 0.060 0.065 0.060 7206 THHEAVY 0.060 -0.005 474.8 0.060 67.3
9.389 5.687 9.110 8.790 5014 AIRPORT 8.900 0.200 4707.5 8.954 332.0 1.12 14,766.8 6.698 5.690 6.690 6.590 4863 TM 6.620 UNCH 4183.1 6.629 36.55 3.25 24,877.5
0.370 0.185 0.195 0.185 5115 ALAM 0.190 -0.005 1113 0.189 175.6 0.990 0.795 0.885 0.860 0101 TMCLIFE 0.870 0.010 319.2 0.868 73.73 0.14 1,510.2
0.270 0.090 0.105 0.105 0159 AMEDIA 0.105 UNCH 1106 0.105 25.1 1.870 1.289 1.770 1.760 8397 TNLOGIS 1.770 0.010 118 1.768 8.90 2.82 786.9
8.670 7.217 7.500 7.450 6351 AMWAY 7.500 0.030 3.3 7.470 26.77 2.67 1,232.9 1.060 0.380 7218 TOCEAN 0.710 44.38 29.1
2.378 2.133 7083 ANALABS 2.230 10.76 1.46 133.9 1.000 0.750 0.840 0.780 5167 TURBO 0.780 -0.040 6.9 0.781 21.49 6.41 84.2
0.085 0.025 0.040 0.040 5194 APFT 0.040 UNCH 295 0.040 22.0 2.892 2.400 7137 UMS 2.600 14.81 2.31 105.8
0.840 0.500 0.765 0.745 5210 ARMADA 0.750 0.030 28750 0.753 1.09 4,399.7 1.040 0.465 0.485 0.465 5243 UMWOG 0.475 UNCH 1449.8 0.474 1,027.0
0.220 0.100 0.160 0.150 1481 ASB 0.155 UNCH 1974.3 0.155 19.62 1.61 104.5 1.294 0.978 1.080 1.080 7091 UNIMECH 1.080 UNCH 29 1.080 15.79 2.78 141.7
2.913 2.504 2.690 2.580 6399 ASTRO 2.590 -0.060 3323.6 2.613 21.78 4.44 13,492.7 0.730 0.365 0.440 0.440 5754 UTUSAN 0.440 -0.010 1 0.440 48.7
5.093 4.550 7048 ATLAN 4.720 21.95 4.77 1,197.2 2.000 1.300 1.660 1.600 7250 UZMA 1.610 -0.050 37.5 1.648 19.30 515.2
1.180 0.715 1.090 1.080 7579 AWC 1.080 -0.010 405.8 1.081 12.69 1.39 288.0 0.900 0.600 0.800 0.800 7240 VOIR 0.800 -0.010 6.5 0.800 571.4 116.2
5.898 4.085 4.990 4.860 6888 AXIATA 4.910 -0.030 5298.8 4.904 115.8 1.63 44,062.5 2.255 1.663 1.980 1.980 5016 WARISAN 1.980 UNCH 2 1.980 2.02 133.1
0.665 0.230 0.630 0.615 5021 AYS 0.620 UNCH 2382.4 0.618 8.47 2.95 235.9 0.510 0.410 7692 WIDETEC 0.455 20.78 20.4
0.740 0.570 0.600 0.590 7251 BARAKAH 0.600 UNCH 557.6 0.599 57.14 495.3 4.511 3.620 3.760 3.650 5246 WPRTS 3.650 -0.060 1833.6 3.669 20.51 3.84 12,446.5
2.339 1.880 1.950 1.900 5248 BAUTO 1.940 0.030 743.4 1.928 18.69 6.01 2,239.3 1.460 0.810 1.210 1.190 5267 XINHWA 1.200 -0.020 8.4 1.191 25.26 1.04 259.2
0.495 0.370 0.395 0.380 7241 BHS 0.385 -0.005 741.2 0.383 176.5 0.075 0.020 0.055 0.050 7122 YFG 0.055 0.010 1101.1 0.050 33.5
0.280 0.170 0.205 0.200 6998 BINTAI 0.205 -0.005 353 0.202 59.4 3.500 2.537 3.500 3.460 7293 YINSON 3.500 0.040 554.2 3.487 16.29 0.57 3,824.8
6.845 5.922 6.070 6.070 5032 BIPORT 6.070 UNCH 24 6.070 17.42 3.95 2,792.2 1.715 1.460 1.500 1.470 4677 YTL 1.480 UNCH 11541 1.484 18.52 6.42 16,147.6
2.460 1.332 2.370 2.370 5275 BISON 2.370 -0.020 17.1 2.370 37.21 0.63 734.9 FINANCE
0.410 0.306 0.350 0.340 3395 BJCORP 0.345 UNCH 11402.7 0.343 1,698.6 19.493 12.167 19.200 19.080 5139 AEONCR 19.100 UNCH 91.1 19.109 10.94 3.30 2,750.4
1.969 1.215 1.590 1.530 5196 BJFOOD 1.570 0.030 467.8 1.567 52.16 596.2 2.949 2.018 2.700 2.670 5185 AFFIN 2.670 -0.010 167.3 2.684 9.12 2.81 5,187.7
0.700 0.470 0.490 0.475 4219 BJLAND 0.475 0.005 555.8 0.485 8.59 2,375.2 4.400 3.446 3.920 3.810 2488 AFG 3.810 -0.090 2211.7 3.833 11.34 4.20 5,898.3
0.470 0.205 0.360 0.330 6025 BJMEDIA 0.360 0.040 83 0.343 84.6 12.980 9.492 12.880 12.880 1163 ALLIANZ 12.880 UNCH 12.6 12.880 7.22 0.70 2,243.6
3.299 2.480 2.580 2.500 1562 BJTOTO 2.500 -0.060 4250.8 2.524 13.96 5.60 3,377.6 12.740 9.511 1163PA ALLIANZ-PA 12.740 0.85 1,110.4
0.135 0.092 0.110 0.105 7036 BORNOIL 0.110 UNCH 33108.1 0.105 10.48 500.0 5.700 3.855 5.020 4.870 1015 AMBANK 4.870 -0.110 2487.4 4.912 11.05 3.18 14,679.1
0.960 0.590 0.625 0.620 9474 BRAHIMS 0.620 -0.010 69.8 0.623 146.5 1.934 1.263 1.690 1.640 5088 APEX 1.690 -0.010 19.7 1.673 25.38 2.96 360.9
2.789 1.705 2.630 2.580 2771 BSTEAD 2.610 -0.020 186.8 2.609 13.93 5.75 5,290.4 4.600 3.773 4.550 4.450 5258 BIMB 4.470 -0.060 193.4 4.477 12.42 2.91 7,320.7
0.395 0.280 0.320 0.300 5257 CARIMIN 0.310 -0.010 132 0.306 72.5 11.140 8.057 10.540 10.320 1818 BURSA 10.440 0.020 379.8 10.409 27.94 3.26 5,601.3
1.990 1.300 1.780 1.780 5245 CARING 1.780 UNCH 50 1.780 33.65 0.84 387.5 6.870 3.949 6.830 6.640 1023 CIMB 6.680 UNCH 21958 6.690 14.92 2.99 60,468.1
3.545 2.130 2.150 2.130 2925 CCB 2.140 UNCH 200 2.144 7.21 2.34 215.6 0.705 0.320 0.520 0.515 2143 ECM 0.515 -0.005 56.6 0.520 21.91 147.6
1.440 0.811 1.390 1.340 7117 CENTURY 1.350 -0.010 335.5 1.359 25.23 2.59 529.9 1.270 1.111 1.240 1.230 5228 ELKDESA 1.230 -0.010 16.8 1.239 11.46 5.49 300.3
0.470 0.401 7209 CHEETAH 0.425 1.76 54.2 16.300 12.501 16.300 15.800 5819 HLBANK 16.000 0.460 2132.7 15.904 14.74 2.56 34,683.5
1.490 0.798 1.330 1.290 5273 CHINHIN 1.310 0.010 634.8 1.315 15.13 2.67 662.7 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
0.674 0.374 0.665 0.650 7016 CHUAN 0.650 -0.005 689 0.655 8.94 2.77 109.6 17.735 13.509 17.500 16.920 1082 HLFG 17.000 -0.300 162.7 17.055 11.85 2.24 19,507.8
0.100 0.065 5104 CNI 0.075 4.00 54.0 2.630 2.373 6688 HWANG 2.610 20.03 1.15 666.0
1.240 0.650 5136 COMPLET 0.920 11.79 113.9 1.110 0.627 1.100 1.070 3379 INSAS 1.080 0.010 3333.9 1.083 3.92 0.93 748.8
0.045 0.030 0.035 0.030 5037 COMPUGT 0.035 UNCH 20562 0.035 74.7 0.970 0.853 0.955 0.955 3379PA INSAS-PA 0.955 UNCH 8.2 0.955 6.28 126.6
2.820 1.760 2.700 2.660 5184 CYPARK 2.690 -0.010 316.3 2.675 12.77 1.93 701.0 0.395 0.115 0.255 0.245 3441 JOHAN 0.245 -0.010 738.4 0.249 152.6
0.880 0.298 0.710 0.690 5276 DANCO 0.700 0.010 470.6 0.698 14.99 2.14 208.6 0.690 0.415 0.565 0.560 6483 KENANGA 0.560 -0.015 48.7 0.562 35.22 4.02 404.6
0.105 0.050 0.085 0.080 0091 DAYA 0.080 UNCH 1540 0.082 152.8 19.600 14.761 18.900 18.800 8621 LPI 18.880 0.120 17.7 18.868 14.17 4.24 6,267.9
1.290 0.730 1.030 0.995 5141 DAYANG 1.000 UNCH 742.5 1.005 22.83 964.8 0.917 0.814 0.865 0.850 1198 MAA 0.860 0.010 16.9 0.863 10.47 235.2
1.126 0.796 5132 DELEUM 0.930 17.00 3.76 372.2 3.146 2.625 3.140 3.100 1058 MANULFE 3.140 0.110 10.8 3.119 12.47 3.34 635.4
0.895 0.555 0.715 0.705 7212 DESTINI 0.710 UNCH 211 0.708 21.26 820.2 9.650 7.250 9.650 9.580 1155 MAYBANK 9.630 0.030 9822.9 9.628 13.82 5.40 101,522
1.970 1.426 1.960 1.910 7277 DIALOG 1.940 0.010 14076 1.941 29.94 1.24 10,848 1.380 0.669 1.360 1.330 1171 MBSB 1.340 UNCH 6219.1 1.339 22.60 2.24 7,938.7
6.537 3.606 5.000 4.900 5908 DKSH 5.000 0.100 23.8 4.984 16.01 1.90 788.3 2.840 1.595 2.730 2.670 6459 MNRB 2.690 -0.050 13 2.686 10.93 859.7
0.690 0.187 0.605 0.585 4456 DNEX 0.590 -0.005 20267 0.592 4.11 0.85 1,033.1 1.830 1.160 1.650 1.620 5237 MPHBCAP 1.630 0.010 207.1 1.631 18.03 1,165.5
1.591 1.092 1.230 1.220 5216 DSONIC 1.230 UNCH 210 1.223 26.51 3.25 1,660.5 1.330 1.204 1.310 1.300 6009 P&O 1.300 -0.010 13 1.302 20.28 7.31 319.7
0.295 0.175 0.190 0.190 2097 EASTLND 0.190 -0.005 142 0.190 46.7 20.660 18.471 20.660 20.260 1295 PBBANK 20.260 -0.120 5284 20.335 14.97 2.86 78,652.1
1.040 0.405 0.420 0.415 5259 EATECH 0.420 0.010 548.2 0.416 5.36 211.7 1.920 0.667 1.700 1.670 9296 RCECAP 1.700 UNCH 302.6 1.683 7.12 2.06 602.4
0.370 0.200 5036 EDARAN 0.270 16.2 5.550 4.457 5.160 5.050 1066 RHBBANK 5.070 -0.060 1741.1 5.064 12.52 2.37 20,330.9
0.290 0.165 0.200 0.195 7471 EDEN 0.195 -0.005 753 0.196 60.7 0.708 0.422 0.650 0.635 4898 TA 0.645 0.005 570.2 0.646 3.99 2.64 1,104.2
3.589 2.280 2.420 2.330 1368 EDGENTA 2.400 0.040 513.7 2.387 22.99 2.92 1,995.9 4.250 3.730 4.150 4.150 6139 TAKAFUL 4.150 -0.050 2 4.150 18.27 3.78 3,416.1
0.590 0.220 0.325 0.315 0064 EFFICEN 0.325 UNCH 643.1 0.321 230.5 1.648 1.217 1.260 1.240 5230 TUNEPRO 1.240 -0.010 2598.8 1.247 13.45 4.19 932.2
1.000 0.759 0.945 0.900 5081 EIG 0.915 -0.015 75.4 0.915 16.05 2.46 217.0 PROPERTIES
2.087 1.055 1.850 1.790 5208 EITA 1.850 0.040 311.6 1.822 8.87 2.16 240.5 0.888 0.740 0.785 0.770 1007 AMPROP 0.785 0.010 87.2 0.782 35.04 3.82 476.8
1.508 1.102 1.350 1.320 5056 ENGTEX 1.340 -0.010 563.4 1.331 6.61 0.75 476.1 1.850 0.975 1.510 1.510 5959 A&M 1.510 -0.040 6 1.510 33.11 551.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY JU N E 29 , 20 17 T HE ED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)

0.448 0.345 0.375 0.375 1007PA AMPROP-PA 0.375 UNCH 6.2 0.375 5.33 109.0 8.159 3.455 8.100 7.900 0097 VITROX 8.010 UNCH 125 7.999 27.66 0.81 1,881.8
0.230 0.145 0.165 0.160 4057 ASIAPAC 0.160 -0.005 204.2 0.165 17.39 160.1 1.750 0.611 1.440 1.400 0008 WILLOW 1.410 -0.030 751.1 1.418 16.61 1.42 349.7
0.550 0.415 0.455 0.440 6602 BCB 0.455 0.005 20 0.446 9.25 187.7 INFRASTRUCTURE PROJECT COMPANIES
0.665 0.440 0.535 0.505 9814 BERTAM 0.515 -0.005 1055.5 0.526 2.14 106.5 5.139 4.440 5.020 4.990 6947 DIGI 5.010 0.020 2981.6 5.006 24.24 4.09 38,952.8
1.400 0.710 1.280 1.250 3239 BJASSET 1.280 UNCH 1234.3 1.261 1,521.0 6.150 5.318 5.930 5.900 6645 LITRAK 5.900 0.010 135.9 5.908 14.01 4.24 3,107.4
1.500 1.000 1.260 1.260 5738 CHHB 1.260 0.010 10 1.260 347.4 1.270 0.880 0.940 0.915 6807 PUNCAK 0.915 UNCH 92.5 0.921 411.1
1.740 1.394 1.690 1.690 6718 CRESNDO 1.690 UNCH 4.1 1.690 6.72 2.96 474.0 0.555 0.330 0.490 0.470 5078 SILKHLD 0.480 -0.005 1563.1 0.477 336.7
1.679 1.165 1.600 1.600 5049 CVIEW 1.600 -0.060 10.6 1.600 5.91 9.38 160.0 9.880 6.817 9.880 9.640 5031 TIMECOM 9.830 0.150 339.6 9.800 13.41 2.02 5,684.6
2.390 2.073 2.300 2.300 5355 DAIMAN 2.300 -0.020 17 2.300 17.64 2.17 488.0 1.539 1.295 1.460 1.440 6742 YTLPOWR 1.450 UNCH 3388.1 1.451 12.89 6.90 11,807.4
1.040 0.500 0.520 0.515 3484 DBHD 0.515 UNCH 55.5 0.516 159.3 CLOSED-END FUNDS
2.130 1.400 1.700 1.670 3417 E&O 1.690 0.030 765.2 1.688 24.28 1.18 2,239.8 2.690 2.250 2.600 2.600 5108 ICAP 2.600 UNCH 1.4 2.600 5200 364.0
0.325 0.250 0.310 0.305 3557 ECOFIRS 0.305 -0.005 816.6 0.306 28.77 245.0 EXCHANGE TRADED FUNDS
1.720 1.200 1.670 1.620 8206 ECOWLD 1.660 0.040 3772.5 1.653 19.69 4,887.7 1.126 1.070 1.123 1.123 0800EA ABFMY1 1.123 UNCH 2.3 1.123 5.06 1,482.8
0.920 0.570 0.780 0.745 6076 ENCORP 0.780 -0.010 24.3 0.774 5.97 217.3 1.960 1.605 0822EA CIMBA40 1.880 3.93 2.5
3.000 1.825 8613 ENRA 2.610 25.14 1.15 355.5 1.520 1.130 1.460 1.460 0823EA CIMBC50 1.460 -0.030 20 1.460 14.2
1.240 0.715 1.040 1.010 6815 EUPE 1.020 UNCH 193.8 1.028 130.6 1.865 1.690 0820EA FBMKLCI-EA 1.855 1.78 3.1
1.360 1.000 1.110 1.080 5283 EWINT 1.090 -0.010 682.2 1.089 2,616.0 1.070 0.916 0826EA METFAPA 1.045 19.9
0.640 0.485 0.575 0.555 6041 FARLIM 0.570 0.005 71.8 0.570 6.51 3.51 80.0 0.952 0.857 0825EA METFSID 0.925 2.53 49.0
0.787 0.650 0.660 0.650 5020 GLOMAC 0.650 -0.010 596.9 0.653 4.24 5.38 473.1 1.115 1.045 0821EA MYETFDJ 1.105 2.02 307.1
0.523 0.367 9962 GMUTUAL 0.445 8.40 4.49 167.1 1.095 0.974 0824EA MYETFID 1.090 1.39 55.4
0.470 0.290 0.385 0.375 1147 GOB 0.380 0.010 402.9 0.382 23.46 1.32 172.8 REITS
1.450 1.110 1.200 1.190 1503 GUOCO 1.200 0.020 83.6 1.190 3.90 1.67 840.6 1.073 0.935 0.950 0.950 4952 AHP 0.950 0.010 394.7 0.950 44.81 4.74 209.0
0.475 0.370 7010 HOOVER 0.440 17.6 1.659 1.415 1.520 1.520 5116 ALAQAR 1.520 -0.010 0.1 1.520 17.82 5.07 1,106.9
1.407 1.031 1.050 1.040 5062 HUAYANG 1.050 -0.010 78.1 1.046 6.09 1.90 369.6 1.050 0.945 1.020 1.010 5269 ALSREIT 1.020 0.010 2 1.017 12.14 5.88 591.6
0.670 0.472 0.620 0.605 4251 IBHD 0.610 0.005 221.8 0.612 9.28 3.08 613.3 0.828 0.735 0.750 0.745 5120 AMFIRST 0.750 0.010 20.3 0.748 23.15 5.41 514.8
1.050 0.785 5084 IBRACO 0.840 18.67 4.17 417.0 0.980 0.835 0.965 0.960 5127 ARREIT 0.960 UNCH 243 0.960 13.95 6.00 550.3
2.990 2.323 2.880 2.860 1597 IGB 2.880 -0.010 265.4 2.878 10.64 3.47 3,930.6 1.170 0.986 1.160 1.160 5130 ATRIUM 1.160 UNCH 5 1.160 24.84 5.56 141.3
2.379 1.850 2.160 2.130 5249 IOIPG 2.150 0.010 1141.9 2.146 10.41 3.46 11,879.3 1.726 1.525 1.620 1.610 5106 AXREIT 1.620 0.010 58.8 1.618 14.94 5.15 1,790.4
0.620 0.390 0.425 0.410 5175 IVORY 0.420 0.015 543.6 0.418 21.21 205.8 1.720 1.470 1.550 1.530 5180 CMMT 1.550 0.030 99.1 1.538 18.83 5.44 3,153.7
3.290 0.785 1.640 1.600 1589 IWCITY 1.600 -0.020 3559.1 1.614 1,338.2 1.617 1.350 1.380 1.350 5121 HEKTAR 1.350 -0.030 455.5 1.361 12.86 7.56 540.9
0.176 0.105 0.115 0.110 6769 JKGLAND 0.110 -0.005 484.4 0.114 16.18 2.09 250.2 1.790 1.448 1.770 1.750 5227 IGBREIT 1.760 UNCH 1447.7 1.760 21.89 4.95 6,166.0
0.085 0.040 0.060 0.060 3115 KBUNAI 0.060 UNCH 326.5 0.060 18.18 346.6 1.029 0.900 0.915 0.915 5280 KIPREIT 0.915 UNCH 9.3 0.915 21.68 462.3
1.000 0.820 0.950 0.950 7323 KEN 0.950 UNCH 9 0.950 5.76 2.63 182.1 8.100 7.004 7.800 7.770 5235SS KLCC 7.800 UNCH 393 7.793 16.00 4.57 14,081.6
1.330 0.995 1.250 1.210 5038 KSL 1.220 -0.020 485.2 1.224 3.85 1,265.8 1.350 1.056 1.290 1.280 5123 MQREIT 1.280 -0.010 2.5 1.288 15.27 9.91 1,367.0
0.312 0.210 0.220 0.210 3174 L&G 0.215 UNCH 2808.1 0.215 9.27 7.40 629.7 1.910 1.555 1.750 1.730 5212 PAVREIT 1.740 UNCH 558 1.737 17.08 4.74 5,265.7
1.295 1.051 8494 LBICAP 1.180 4.08 8.90 95.0 1.760 1.493 1.730 1.720 5176 SUNREIT 1.730 0.010 506.5 1.729 15.50 5.23 5,095.0
2.099 1.456 2.030 2.020 5789 LBS 2.030 UNCH 548.9 2.030 13.21 1.97 1,367.6 1.220 1.132 1.220 1.210 5111 TWRREIT 1.210 UNCH 14.4 1.213 16.81 5.73 339.4
0.460 0.230 0.410 0.370 3573 LIENHOE 0.405 0.025 1377.6 0.398 146.5 1.850 1.534 1.720 1.720 5110 UOAREIT 1.720 UNCH 11.5 1.720 15.36 6.09 727.3
1.690 0.897 1.490 1.470 7617 MAGNA 1.490 0.010 76 1.487 2.01 4.03 498.7 1.230 0.972 1.180 1.170 5109 YTLREIT 1.180 UNCH 160 1.177 6.55 2,011.2
1.700 1.340 1.550 1.510 8583 MAHSING 1.550 0.010 701.6 1.528 11.67 4.19 3,734.6 SPAC
1.940 0.551 1.480 1.440 6181 MALTON 1.440 -0.030 1322.1 1.445 18.18 1.74 759.9 0.720 0.670 5234 CLIQ 0.720 454.3
2.828 2.227 2.710 2.670 5236 MATRIX 2.700 0.030 340.3 2.698 8.18 5.09 1,571.0 0.480 0.455 5241 SONA 0.475 670.1
1.880 1.000 7189 MBWORLD 1.650 8.20 157.8
1.200 0.750 0.920 0.880 5182 MCT 0.880 -0.020 5.4 0.908 20.14 1,174.6
0.525 0.415 0.455 0.435 5040 MEDAINC 0.455 0.015 35 0.453 224.1
1.070 0.680 0.955 0.930 1694 MENANG 0.940 0.005 348 0.940 7.85 251.1
0.445 0.250 0.445 0.400 8141 MJPERAK 0.440 0.050 9653.4 0.428 104.76 4.86 113.1
2.614 1.930
0.360 0.270
0.220 0.085
2.410
0.280

2.370
0.275

6114
8893
6548
MKH
MKLAND
MPCORP
2.370
0.275
0.125
-0.010
UNCH

396.4
259.5

2.392 5.78
0.276 19.93

2.86


1,328.0
332.0
36.0
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
1.800 1.030 1.380 1.340 1651 MRCB 1.350 -0.020 7586.9 1.359 10.16 1.85 2,959.6 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.080 0.610 9539 MUH 0.685 38.6
0.365 0.230 0.295 0.285 3913 MUIPROP 0.295 0.005 483.1 0.295 21.38 225.4 CONSUMER PRODUCTS
2.030 1.230 1.250 1.230 5073 NAIM 1.250 0.010 140 1.238 312.5 0.299 0.195 0.240 0.230 0179 BIOHLDG 0.240 0.005 2795.1 0.235 20.51 193.5
3.216 2.420 2.590 2.590 5827 OIB 2.590 0.100 0.1 2.590 12.41 3.09 375.2 0.320 0.200 0.235 0.220 0170 KANGER 0.225 -0.010 1555.5 0.222 26.16 179.7
1.710 1.346 1.620 1.590 5053 OSK 1.600 UNCH 175.8 1.598 9.56 4.69 2,244.6 0.450 0.200 0.345 0.335 0148 SUNZEN 0.345 0.005 742.4 0.338 123.21 166.2
1.850 1.223 1.840 1.820 1724 PARAMON 1.840 0.020 21.9 1.833 10.55 4.62 780.7 0.045 0.025 0.035 0.035 0095 XINGHE 0.035 Unch 225 0.035 3.33 82.2
0.695 0.365 0.625 0.625 6912 PASDEC 0.625 0.015 77 0.625 178.7 INDUSTRIAL PRODUCTS
1.820 1.540 1.710 1.700 5075 PLENITU 1.700 UNCH 30.5 1.703 13.98 2.65 648.6 0.274 0.137 0.200 0.195 0105 ASIAPLY 0.195 -0.005 140 0.198 21.43 2.56 65.0
0.365 0.225 0.290 0.285 2208 PTGTIN 0.285 -0.015 20.9 0.289 98.6 0.095 0.030 0.045 0.040 0072 AT 0.045 Unch 1120.5 0.045 42.9
1.270 0.900 1.100 1.080 4596 SAPRES 1.100 UNCH 28.1 1.085 1.47 2.73 153.6 0.445 0.245 0.430 0.405 0163 CAREPLS 0.425 0.020 15675 0.419 75.89 0.71 205.4
0.820 0.665 0.720 0.715 5207 SBCCORP 0.720 UNCH 15.2 0.719 0.64 169.1 0.330 0.080 0.295 0.285 0102 CONNECT 0.290 -0.005 1471 0.291 116.00 91.7
1.160 0.785 1.070 1.050 2224 SDRED 1.070 UNCH 361 1.057 7.66 2.34 456.0 0.642 0.390 0.405 0.395 0100 ESCERAM 0.400 0.005 136 0.398 10.18 1.50 82.2
0.580 0.370 0.500 0.490 4286 SEAL 0.495 UNCH 507 0.495 36.67 120.3 0.405 0.245 0.255 0.255 0175 HHGROUP 0.255 0.005 25 0.255 364.2 78.7
2.962 2.761 2.810 2.790 6017 SHL 2.790 UNCH 19.3 2.800 8.24 7.17 675.5 0.145 0.065 0.110 0.105 0160 HHHCORP 0.110 0.005 385 0.109 22.45 36.7
0.305 0.130 0.225 0.220 4375 SMI 0.220 -0.005 81.5 0.220 1.63 46.2 0.460 0.150 0.390 0.375 0162 IJACOBS 0.375 -0.010 1254 0.381 27.99 50.9
1.000 0.690 0.850 0.845 5213 SNTORIA 0.845 -0.005 47.8 0.850 12.34 2.37 421.7 0.165 0.085 0.130 0.125 0024 JAG 0.125 -0.005 5965.6 0.125 22.73 154.7
5.190 4.211 4.840 4.820 1783 SPB 4.820 -0.020 10.1 4.829 10.82 2.49 1,656.2 0.240 0.125 0.185 0.175 0025 LNGRES 0.180 Unch 257.8 0.178 19.35 43.6
4.311 2.639 3.460 3.400 8664 SPSETIA 3.420 0.020 748.9 3.438 4.99 5.85 9,765.0 0.150 0.040 0.055 0.050 0070 MQTECH 0.050 -0.005 333.7 0.055 20.7
1.520 0.815 1.390 1.390 3743 SUNSURIA 1.390 -0.020 7.3 1.390 19.69 1,110.4 0.860 0.307 0.800 0.785 0049 OCNCASH 0.785 -0.010 256.9 0.788 15.86 0.89 175.1
4.050 2.756 3.920 3.880 5211 SUNWAY 3.890 -0.020 1551.3 3.894 13.44 2.29 8,077.9 0.610 0.130 0.275 0.260 0038 PTB 0.265 -0.015 453.3 0.268 60.23 39.9
1.070 0.625 1.010 0.995 1538 SYMLIFE 1.000 0.010 503.1 1.003 8.90 2.00 310.0 0.190 0.060 0.070 0.065 0133 SANICHI 0.070 Unch 33.1 0.069 60.1
0.395 0.215 0.330 0.320 5158 TAGB 0.330 UNCH 533 0.325 7.93 1.21 1,756.2 0.060 0.025 0.040 0.035 0109 SCBUILD 0.035 Unch 4748.3 0.035 30.9
7.168 5.976 2305 TAHPS 6.800 26.40 0.74 509.0 0.220 0.110 0.160 0.155 0001 SCOMNET 0.155 -0.005 130.5 0.159 12.40 2.58 37.7
0.060 0.035 0.045 0.040 2259 TALAMT 0.040 -0.005 2310 0.043 168.8 0.289 0.117 0.230 0.220 0028 SCOPE 0.225 Unch 287.4 0.225 27.44 2.22 126.1
1.547 1.287 1.440 1.440 5191 TAMBUN 1.440 UNCH 60.5 1.440 5.45 6.25 623.8 0.290 0.110 0.165 0.160 0055 SERSOL 0.165 Unch 119.8 0.162 35.5
0.140 0.055 0.110 0.105 2429 TANCO 0.105 UNCH 1240.8 0.107 69.5 0.745 0.178 0.690 0.670 0084 TECFAST 0.675 -0.010 1592.6 0.678 30.54 0.74 115.5
0.315 0.170 0.235 0.230 7889 THRIVEN 0.235 0.005 287 0.232 88.5 TECHNOLOGY
0.085 0.040 0.065 0.055 7079 TIGER 0.065 UNCH 24567.3 0.060 95.7 0.800 0.160 0.800 0.615 0018 ACCSOFT 0.780 0.165 652.2 0.682 649.4
1.930 1.390 1.630 1.580 5239 TITIJYA 1.620 0.020 370.4 1.606 8.39 0.31 664.2 0.550 0.160 0.485 0.470 0181 AEMULUS 0.485 0.015 2000.2 0.479 127.63 212.8
1.044 0.937 0.980 0.970 5401 TROP 0.980 UNCH 112.4 0.971 10.97 2.52 1,436.4 0.455 0.115 0.350 0.350 0119 APPASIA 0.350 -0.005 240 0.350 102.5
1.360 0.995 1.230 1.190 5148 UEMS 1.200 -0.020 6696.1 1.206 28.24 1.33 5,444.9 0.450 0.155 0068 ASDION 0.240 27.9
2.615 1.964 2.510 2.490 5200 UOADEV 2.510 UNCH 706.7 2.499 6.38 5.98 4,097.5 1.190 0.710 0.750 0.740 0098 BAHVEST 0.750 0.010 21.5 0.745 450.0
1.810 0.935 1.810 1.800 2976 WINGTM 1.800 UNCH 2074.2 1.800 58.44 1.67 877.2 0.770 0.640 0191 CABNET 0.670 10.98 87.1
1.279 0.846 0.995 0.995 7003 Y&G 0.995 0.005 0.1 0.995 11.87 198.4 0.065 0.030 0152 DGB 0.050 500.0 24.5
1.840 1.440 1.510 1.490 3158 YNHPROP 1.510 0.010 266.3 1.500 19.61 798.8 0.075 0.020 0.035 0.035 0131 DGSB 0.035 Unch 110.3 0.035 50.00 47.5
1.610 0.910 1.380 1.350 7066 YONGTAI 1.360 -0.020 594.5 1.357 21.09 592.5 0.120 0.050 0.090 0.085 0154 EAH 0.085 Unch 3534.5 0.086 35.42 126.7
0.670 0.550 0.605 0.605 2577 YTLLAND 0.605 0.005 23 0.605 14.90 510.8 0.280 0.150 0.160 0.150 0107 EDUSPEC 0.160 Unch 90.3 0.156 28.07 147.3
MINING 0.295 0.050 0.245 0.225 0116 FOCUS 0.245 0.015 2442.1 0.234 190.4
1.290 1.150 1.270 1.230 2186 KUCHAI 1.270 0.070 244.3 1.245 0.67 157.2 1.160 0.815 0.960 0.950 0104 GENETEC 0.955 -0.005 88.1 0.957 33.6
PLANTATIONS 0.759 0.431 0.675 0.660 0039 GFM 0.670 -0.005 819.7 0.671 27.35 2.16 286.8
0.295 0.195 7054 AASIA 0.230 230.0 151.8 0.090 0.030 0.075 0.065 0045 GNB 0.075 0.005 4135.3 0.070 21.7
19.740 17.227 18.840 18.760 1899 BKAWAN 18.840 0.040 10.8 18.795 10.84 2.92 8,213.3 0.185 0.070 0.155 0.150 0074 GOCEAN 0.155 Unch 913.1 0.153 258.33 40.8
8.659 8.341 8.380 8.380 5069 BLDPLNT 8.380 UNCH 3.7 8.380 40.90 0.48 783.5 0.100 0.040 0.055 0.055 0174 IDMENSN 0.055 Unch 50 0.055 110.00 27.2
1.697 1.320 1.650 1.630 5254 BPLANT 1.630 -0.020 244.8 1.634 11.39 8.59 2,608.0 0.592 0.227 0.365 0.345 0023 IFCAMSC 0.345 -0.010 2143.1 0.354 28.75 1.45 209.9
0.953 0.614 0.815 0.815 8982 CEPAT 0.815 UNCH 24 0.815 9.07 1.84 259.5 0.100 0.065 0.065 0.065 0094 INIX 0.065 -0.005 100 0.065 16.5
8.240 7.253 7.850 7.850 1929 CHINTEK 7.850 -0.010 1 7.850 40.40 2.17 717.2 0.240 0.100 0.185 0.175 0010 IRIS 0.180 0.010 17925 0.179 404.5
0.545 0.385 0.455 0.445 3948 DUTALND 0.455 0.005 68.8 0.450 385.0 2.070 0.450 1.790 1.740 0146 JFTECH 1.780 0.050 401.3 1.771 52.98 0.56 224.3
9.100 7.138 5029 FAREAST 8.800 9.10 3.41 1,244.2 2.805 0.464 2.770 2.680 0127 JHM 2.690 -0.060 600.5 2.714 26.17 665.7
2.506 1.412 1.750 1.700 5222 FGV 1.710 -0.040 10517 1.714 60.85 0.58 6,238.3 0.270 0.130 0.205 0.205 0111 K1 0.205 Unch 160 0.205 106.4
11.679 9.986 11.100 10.840 2291 GENP 10.960 -0.120 207.2 10.962 20.61 0.91 8,804.6 0.115 0.025 0.040 0.040 0036 KGROUP 0.040 Unch 4423.7 0.040 65.5
0.675 0.500 0.615 0.615 7382 GLBHD 0.615 0.005 44 0.615 137.1 0.580 0.180 0.525 0.510 0176 KRONO 0.510 -0.015 1583.7 0.517 16.09 137.9
1.532 1.105 1.280 1.270 2135 GOPENG 1.270 -0.010 6.1 1.280 41.78 3.15 227.7 0.190 0.045 0.085 0.075 0017 M3TECH 0.080 Unch 304.2 0.078 46.9
0.895 0.790 7501 HARNLEN 0.800 148.4 0.300 0.155 0.240 0.240 0075 MEXTER 0.240 Unch 5 0.240 48.2
2.650 2.224 2.600 2.590 5138 HSPLANT 2.600 0.010 21 2.593 14.68 4.23 2,080.0 0.590 0.420 0155 MGRC 0.480 109.0 49.7
3.616 2.932 2216 IJMPLNT 3.030 23.20 2.31 2,668.2 1.770 0.870 1.030 0.965 0126 MICROLN 0.975 -0.005 120.8 0.984 211.9 163.2
0.734 0.651 0.700 0.675 2607 INCKEN 0.700 0.025 9.2 0.684 1.60 294.5 0.775 0.409 0.750 0.725 0112 MIKROMB 0.745 0.015 1685.3 0.739 21.53 1.48 229.1
1.475 0.590 1.080 1.080 6262 INNO 1.080 -0.020 7.5 1.080 13.60 1.85 517.2 0.145 0.065 0085 MLAB 0.110 20.6
4.810 4.120 4.490 4.430 1961 IOICORP 4.450 -0.030 1696.7 4.450 96.11 2.02 28,755.1 0.070 0.040 0.050 0.050 0034 MMAG 0.050 Unch 180 0.050 47.7
25.300 22.237 25.000 24.560 2445 KLK 24.840 0.040 1103.2 24.834 20.68 2.01 26,516.8 1.510 0.466 1.510 1.440 0113 MMSV 1.490 0.040 2680.5 1.491 17.35 1.34 242.9
3.500 2.991 3.240 3.220 2453 KLUANG 3.240 0.020 16 3.234 72.48 0.31 204.7 0.245 0.060 0.075 0.070 0103 MNC 0.070 Unch 105.2 0.070 22.58 30.4
3.850 3.062 5027 KMLOONG 3.800 16.63 3.95 1,184.9 0.310 0.145 0.210 0.205 0156 MPAY 0.210 0.005 737.6 0.206 149.2
0.695 0.491 0.545 0.545 1996 KRETAM 0.545 -0.010 224 0.545 31.14 1.83 1,268.6 0.335 0.130 0.320 0.310 0092 MTOUCHE 0.315 0.005 875.9 0.315 286.36 40.1
1.750 1.160 6572 KWANTAS 1.630 10.22 508.0 0.919 0.625 0.760 0.760 0108 N2N 0.760 Unch 10 0.760 29.01 2.63 362.1
1.550 1.270 4936 MALPAC 1.320 126.9 99.0 0.110 0.015 0.055 0.045 0020 NETX 0.050 Unch 14523 0.050 62.6
0.963 0.757 0.870 0.855 5026 MHC 0.870 -0.015 41.6 0.867 12.22 1.72 171.0 0.065 0.035 0.050 0.040 0096 NEXGRAM 0.045 Unch 16780 0.045 84.7
2.400 2.060 5047 NPC 2.230 8.54 0.45 267.6 0.115 0.070 0.075 0.075 0026 NOVAMSC 0.075 Unch 323.1 0.075 51.2
4.239 3.666 4.080 4.020 2038 NSOP 4.020 -0.020 13.2 4.048 32.55 1.49 282.2 0.685 0.555 0.595 0.585 0035 OPCOM 0.590 Unch 59.1 0.590 13.26 95.1
0.315 0.190 0.240 0.230 1902 PINEPAC 0.235 -0.005 93 0.237 35.2 0.414 0.263 0.350 0.350 0040 OPENSYS 0.350 Unch 256.8 0.350 17.24 2.86 104.3
1.380 0.920 1.120 1.120 9695 PLS 1.120 UNCH 5 1.120 365.9 0.425 0.140 0.200 0.190 0079 ORION 0.195 0.005 1477.9 0.191 26.0
0.550 0.450 0.465 0.455 5113 RSAWIT 0.465 0.005 33.2 0.458 659.6 0.090 0.045 0.060 0.060 0005 PALETTE 0.060 Unch 9 0.060 11.76 19.2
4.100 3.346 3.810 3.810 2542 RVIEW 3.810 -0.010 1 3.810 18.38 1.57 247.1 0.230 0.135 0.165 0.155 0123 PRIVA 0.165 0.005 767.5 0.160 1.21 92.1
3.180 2.900 2.980 2.980 2569 SBAGAN 2.980 0.020 8 2.980 0.67 197.7 0.175 0.055 0.150 0.140 0007 PUC 0.145 Unch 5512 0.146 58.00 178.0
0.720 0.505 0.610 0.610 4316 SHCHAN 0.610 0.005 28 0.610 18.21 70.2 0.945 0.477 0.860 0.845 0106 REXIT 0.845 -0.015 129.4 0.851 21.28 4.73 160.0
3.965 3.247 3.650 3.480 5126 SOP 3.570 -0.020 28.8 3.535 10.29 1.40 2,037.7 0.375 0.218 0.305 0.305 0178 SEDANIA 0.305 Unch 195 0.305 3.28 61.0
2.060 1.580 1.600 1.580 5135 SWKPLNT 1.590 -0.030 30.5 1.594 12.30 445.2 0.190 0.055 0.130 0.125 0060 SKH 0.125 0.005 13539 0.127 44.64 69.3
0.815 0.640 0.675 0.665 2054 TDM 0.670 0.005 829.1 0.670 22.19 0.75 1,008.7 0.300 0.155 0.210 0.195 0117 SMRT 0.200 0.005 85.7 0.201 63.3
1.207 0.998 1.130 1.110 5112 THPLANT 1.110 -0.010 102.7 1.110 5.93 5.41 981.1 0.110 0.025 0.065 0.060 0169 SMTRACK 0.065 Unch 2827.4 0.065 22.5
1.977 1.710 1.750 1.730 9059 TSH 1.740 -0.020 27.9 1.740 63.27 1.15 2,360.8 0.355 0.232 0.310 0.305 0093 SOLUTN 0.305 -0.005 1118.4 0.305 12.01 3.28 93.4
6.510 5.456 6.500 6.100 2593 UMCCA 6.450 0.360 295.8 6.251 15.96 3.10 1,349.9 0.360 0.080 0.225 0.210 0129 SRIDGE 0.220 0.005 3489.6 0.220 26.6
28.700 25.323 28.000 28.000 2089 UTDPLT 28.000 UNCH 6.6 28.000 16.75 1.43 5,827.8 0.340 0.140 0.270 0.270 0050 SYSTECH 0.270 Unch 217.2 0.270 31.76 1.11 85.7
HOTELS 0.190 0.115 0.160 0.160 0132 TDEX 0.160 Unch 271.5 0.160 114.29 66.1
0.628 0.483 0.585 0.540 5592 GCE 0.585 0.005 13 0.562 3.42 115.2 1.100 0.189 1.040 0.990 0120 VIS 1.030 0.020 1885.2 1.020 16.30 0.49 114.0
1.000 0.680 0.905 0.880 1643 LANDMRK 0.890 0.010 60.1 0.887 470.7 0.244 0.115 0.125 0.120 0069 VIVOCOM 0.125 Unch 3486.7 0.122 11.16 404.3
0.285 0.115 0.165 0.160 1287 PMHLDG 0.165 UNCH 180 0.162 153.3 0.145 0.065 0.105 0.095 0066 VSOLAR 0.095 -0.010 1925.6 0.097 31.7
5.295 4.864 5.080 5.080 5517 SHANG 5.080 0.030 20 5.080 28.04 2.76 2,235.2 0.070 0.020 0141 WINTONI 0.035 18.0
TECHNOLOGY 0.195 0.080 0.160 0.155 0086 YGL 0.155 -0.010 73 0.158 30.0
0.780 0.585 0.635 0.635 7031 AMTEL 0.635 0.005 20 0.635 30.53 31.3 TRADING SERVICES
0.420 0.180 0.320 0.310 5195 CENSOF 0.320 UNCH 1616.8 0.316 11.19 160.5 0.400 0.150 0122 AIM 0.250 66.5
0.400 0.090 0.280 0.275 0051 CUSCAPI 0.280 UNCH 3154.4 0.279 134.2 0.165 0.060 0.145 0.130 0048 ANCOMLB 0.130 -0.015 1772.6 0.137 61.5
0.735 0.250 0.635 0.610 7204 D&O 0.625 0.010 2025.5 0.627 42.23 623.6 0.240 0.105 0.155 0.150 0150 ASIABIO 0.155 0.005 2227.4 0.152 39.74 64.0
0.710 0.110 0.405 0.390 8338 DATAPRP 0.395 -0.005 1937.1 0.396 166.5 0.275 0.155 0.200 0.195 0187 BCMALL 0.200 0.005 261.4 0.197 25.32 84.3
0.235 0.150 0.170 0.165 0029 DIGISTA 0.170 UNCH 263 0.166 11.04 101.9 0.404 0.297 0011 BTECH 0.330 19.19 4.64 83.2
1.578 1.304 1.480 1.460 5162 ECS 1.460 -0.010 45.4 1.479 8.80 4.11 262.8 0.320 0.170 0157 FOCUSP 0.240 39.6
1.230 0.539 1.230 1.210 0065 EFORCE 1.210 0.020 897.2 1.215 90.30 1.03 500.6 1.009 0.386 0.910 0.885 0185 HSSEB 0.885 -0.020 753.5 0.893 17.81 0.71 282.4
2.690 0.882 2.540 2.450 0090 ELSOFT 2.450 -0.080 96.7 2.466 18.75 1.63 671.7 0.900 0.510 0.705 0.705 0147 INNITY 0.705 Unch 0.3 0.705 60.26 97.6
1.870 0.780 1.510 1.470 0021 GHLSYS 1.480 -0.010 891.7 1.486 50.51 0.34 976.0 0.360 0.235 0.255 0.255 0180 KTC 0.255 -0.005 61.7 0.255 35.92 130.1
0.455 0.210 0.355 0.345 0082 GPACKET 0.345 -0.005 898 0.346 5.10 261.8 0.350 0.130 0.290 0.285 0167 MCLEAN 0.290 0.010 202.9 0.290 25.00 51.8
0.260 0.175 0.230 0.220 0056 GRANFLO 0.230 UNCH 76 0.222 2.17 111.1 0.450 0.315 0081 MEGASUN 0.350 15.15 76.4
6.268 2.636 6.070 5.960 7022 GTRONIC 6.030 -0.060 210.6 6.038 63.67 0.66 1,716.1 0.280 0.165 0.205 0.185 0153 OVERSEA 0.190 -0.005 94.2 0.185 90.48 46.8
0.980 0.510 0.870 0.850 5028 HTPADU 0.850 -0.015 104.4 0.855 10.04 5.88 86.0 0.190 0.115 0.190 0.165 0177 PASUKGB 0.185 0.020 42986 0.178 150.1
2.199 1.980 2.150 2.100 0166 INARI 2.120 -0.020 2080.7 2.116 20.23 2.95 4,225.6 0.380 0.230 0006 PINEAPP 0.320 200.0 15.5
0.435 0.075 0.265 0.250 9393 ITRONIC 0.255 UNCH 654.5 0.257 26.2 0.355 0.201 0.325 0.320 0171 PLABS 0.320 Unch 638.5 0.321 18.39 2.19 68.7
0.688 0.453 0.585 0.580 5161 JCY 0.585 UNCH 574.8 0.581 86.03 8.55 1,215.0 0.015 0.005 0110 RA 0.005 2.63 4.8
15.200 4.717 15.100 14.980 9334 KESM 15.100 UNCH 47.3 15.015 16.80 0.20 649.5 0.615 0.280 0.450 0.445 0032 REDTONE 0.445 -0.010 90 0.449 337.1
0.170 0.060 0.125 0.120 0143 KEYASIC 0.120 -0.005 310 0.121 106.8 1.080 0.298 0.710 0.705 0173 REV 0.705 -0.010 130 0.707 6.34 94.9
13.500 6.921 13.440 13.100 3867 MPI 13.400 0.140 100 13.221 14.41 2.01 2,812.5 2.398 1.576 2.260 2.190 0158 SCC 2.240 -0.010 84.3 2.226 15.60 4.46 95.8
1.400 0.845 5011 MSNIAGA 1.200 18.13 72.5 0.275 0.160 0.215 0.215 0161 SCH 0.215 -0.005 1463 0.215 119.44 3.95 88.6
1.327 0.343 1.180 1.140 0083 NOTION 1.170 0.010 263.3 1.163 30.55 2.14 386.7 0.230 0.100 0.150 0.145 0140 STERPRO 0.150 0.005 2421 0.150 41.9
0.605 0.430 0.520 0.500 9008 OMESTI 0.520 UNCH 350 0.519 223.8 0.265 0.160 0.235 0.225 0080 STRAITS 0.235 0.005 223.7 0.231 65.28 43.2
0.375 0.260 0.325 0.315 0041 PANPAGE 0.320 UNCH 3111.6 0.322 85.0 1.490 0.955 1.280 1.280 0089 TEXCYCL 1.280 0.030 10.6 1.280 13.66 0.39 218.6
3.970 0.735 3.830 3.710 7160 PENTA 3.720 -0.030 829.2 3.756 17.34 545.2 0.205 0.100 0.165 0.165 0145 TFP 0.165 0.005 17 0.165 33.8
0.610 0.250 9075 THETA 0.375 40.2 0.175 0.095 0.115 0.105 0165 XOX 0.110 -0.005 4294 0.110 93.7
0.215 0.065 0.135 0.130 0118 TRIVE 0.130 -0.005 887 0.133 92.86 173.8 FINANCE
3.700 2.182 3.540 3.460 5005 UNISEM 3.510 0.030 639.4 3.506 14.93 3.13 2,575.7 0.810 0.381 0.730 0.705 0053 OSKVI 0.710 Unch 69.8 0.722 5.02 2.82 140.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HU R SDAY JU N E 29, 2 0 17 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
PRM
(%)
EXPIRY
DATE
0.130 0.105 0.125 0.125 539836 GAMUDA-C36 0.125 Unch 65 5.480 5.350 6.75 08/12/2017
Main Market & Ace Market Warrants 1.480 0.910 1.400 1.360 5398WE GAMUDA-WE 1.380 0.030 5039.1 5.480 4.050 -0.91 06/03/2021
0.455 0.120 0.400 0.385 5226WA GBGAQRS-WA 0.385 -0.010 1721.3 1.400 1.300 20.36 20/07/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.330 0.100 0.170 0.150 0078CD GDEX-CD 0.150 -0.005 6292.2 0.620 0.600 14.92 31/10/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.060 0.060 0.060 0.060 0078CG GDEX-CG 0.060 -0.090 108 0.620 0.800 40.65 22/01/2018
0.200 0.025 0.030 0.030 5238C1 AAX-C1 0.030 Unch 3107 0.410 0.350 0.00 10/07/2017 0.572 0.117 0.405 0.390 0078WB GDEX-WB 0.390 -0.020 190.7 0.620 0.383 24.60 05/02/2020
0.185 0.055 0.055 0.055 5238C6 AAX-C6 0.055 Unch 2.5 0.410 0.380 6.10 16/08/2017 0.345 0.160 0.210 0.175 471523 GENM-C23 0.210 0.020 595.6 5.590 5.500 10.41 29/09/2017
0.165 0.060 0.065 0.060 5238C7 AAX-C7 0.065 Unch 376 0.410 0.430 20.73 31/10/2017 0.300 0.130 0.185 0.175 471524 GENM-C24 0.175 -0.010 130.1 5.590 5.500 9.35 29/12/2017
0.320 0.160 0.215 0.210 5238WA AAX-WA 0.215 Unch 807 0.410 0.460 64.63 08/06/2020 3.850 2.540 3.210 3.210 2291WA GENP-WA 3.210 -0.040 1.2 10.960 7.750 0.00 17/06/2019
0.610 0.105 0.610 0.525 0018WA ACCSOFT-WA 0.610 0.090 264.2 0.780 0.100 -8.97 18/01/2019 0.180 0.115 0.120 0.115 318244 GENTINGC44 0.115 Unch 100 9.500 10.300 13.87 31/10/2017
0.165 0.020 0.030 0.025 6599CH AEON-CH 0.025 -0.005 82 2.270 2.520 13.77 18/09/2017 1.990 1.240 1.750 1.670 3182WA GENTING-WA 1.680 -0.060 1670.2 9.500 7.960 1.47 18/12/2018
0.455 0.110 0.320 0.315 5139CB AEONCR-CB 0.315 -0.005 65.2 19.100 16.500 2.88 16/10/2017 0.230 0.070 0.160 0.155 1147WA GOB-WA 0.155 0.005 108 0.380 0.800 151.32 24/12/2019
0.810 0.130 0.555 0.540 5185CV AFFIN-CV 0.550 Unch 14.2 2.670 2.150 1.12 31/07/2017 0.085 0.025 0.050 0.050 0074WA GOCEAN-WA 0.050 Unch 177.1 0.155 0.340 151.61 07/08/2019
0.190 0.055 0.055 0.055 2488CS AFG-CS 0.055 Unch 50 3.810 4.200 14.57 16/10/2017 0.055 0.025 0.035 0.035 7096WA GPA-WA 0.035 Unch 600 0.100 0.100 35.00 03/06/2025
0.155 0.050 0.105 0.095 7315WB AHB-WB 0.105 0.010 297.5 0.230 0.200 32.61 28/08/2019 0.135 0.080 0.110 0.105 7022CH GTRONIC-CH 0.110 0.005 200 6.030 5.800 11.69 30/11/2017
0.330 0.070 0.245 0.235 509947 AIRASIAC47 0.235 -0.010 70 3.170 2.600 4.26 31/10/2017 0.460 0.110 0.420 0.355 3034CU HAPSENG-CU 0.405 -0.015 118.3 9.150 7.650 1.31 30/08/2017
0.460 0.185 0.355 0.355 509949 AIRASIAC49 0.355 -0.050 12 3.170 2.150 1.42 31/07/2017 0.415 0.190 0.220 0.220 2062WC HARBOUR-WC 0.220 -0.005 1.5 0.695 1.560 156.12 03/04/2021
0.235 0.115 0.140 0.140 509952 AIRASIAC52 0.140 Unch 60 3.170 3.200 14.20 31/10/2017 0.350 0.130 0.350 0.340 5168CX HARTA-CX 0.340 -0.005 155 7.190 5.120 -0.42 31/10/2017
0.200 0.090 0.145 0.145 509953 AIRASIAC53 0.145 Unch 79.3 3.170 3.200 14.67 31/01/2018 1.320 0.830 1.070 1.060 5095WB HEVEA-WB 1.060 Unch 16.8 1.300 0.250 0.77 28/02/2020
0.180 0.075 0.100 0.090 509954 AIRASIAC54 0.090 -0.005 2245 3.170 3.600 21.23 31/10/2017 0.180 0.065 0.180 0.165 5072WB HIAPTEK-WB 0.170 Unch 8770.7 0.375 0.500 78.67 23/06/2021
0.150 0.090 0.105 0.105 509955 AIRASIAC55 0.105 -0.005 621.2 3.170 4.000 35.13 29/12/2017 0.530 0.265 0.360 0.360 5169WA HOHUP-WA 0.360 -0.005 30 0.800 0.600 20.00 21/12/2018
0.210 0.135 0.165 0.160 509956 AIRASIAC56 0.160 -0.005 538.8 3.170 2.900 12.68 29/12/2017 0.390 0.270 0.285 0.275 5160WA HOMERIZ-WA 0.285 0.010 41 0.905 0.920 33.15 09/07/2020
0.415 0.125 0.350 0.350 5014CR AIRPORT-CR 0.350 Unch 10 8.900 7.450 3.37 29/09/2017 0.230 0.115 0.165 0.160 7213WB HOVID-WB 0.165 Unch 121.5 0.315 0.180 9.52 05/06/2018
0.510 0.130 0.445 0.430 5014CS AIRPORT-CS 0.440 Unch 477 8.900 7.350 4.83 31/01/2018 0.380 0.205 0.280 0.280 9687WB IDEALUBB-WB 0.280 0.005 10 0.780 1.000 64.10 30/03/2021
0.420 0.160 0.310 0.305 7609WA AJIYA-WA 0.305 -0.005 108 0.795 0.920 54.09 28/08/2021 0.120 0.055 0.065 0.055 3336C4 IJM-C4 0.065 0.010 100 3.420 3.500 9.94 31/10/2017
0.610 0.085 0.320 0.290 1015CX AMBANK-CX 0.295 -0.010 1197.8 4.870 4.150 0.36 29/09/2017 0.195 0.055 0.085 0.055 3336C5 IJM-C5 0.085 0.015 1559.7 3.420 3.500 6.07 29/12/2017
0.440 0.190 0.215 0.190 1015CY AMBANK-CY 0.190 Unch 371 4.870 5.000 12.42 31/10/2017 0.135 0.070 0.095 0.095 0166C1 INARI-C1 0.095 Unch 130 2.120 2.100 8.02 29/09/2017
0.100 0.035 0.040 0.040 1015CZ AMBANK-CZ 0.040 Unch 431 4.870 6.000 27.72 30/11/2017 0.140 0.075 0.100 0.100 0166C2 INARI-C2 0.100 Unch 823 2.120 2.150 10.85 08/12/2017
0.315 0.140 0.205 0.205 6556CC ANNJOO-CC 0.205 Unch 125 3.190 2.800 10.27 31/10/2017 0.260 0.125 0.215 0.210 0166CW INARI-CW 0.210 -0.005 300.2 2.120 1.750 -0.12 13/07/2017
0.270 0.135 0.175 0.150 6556CD ANNJOO-CD 0.175 0.015 554.5 3.190 3.000 13.24 08/12/2017 0.330 0.165 0.255 0.225 0166CZ INARI-CZ 0.255 Unch 30.1 2.120 1.800 2.95 29/12/2017
0.275 0.040 0.070 0.060 9342WA ANZO-WA 0.070 Unch 567.1 0.140 0.250 128.57 19/11/2019 1.450 0.625 1.340 1.300 0166WB INARI-WB 1.300 -0.040 80.2 2.120 0.800 -0.94 17/02/2020
0.265 0.045 0.080 0.075 9342WB ANZO-WB 0.075 Unch 175 0.140 0.250 132.14 25/08/2023 0.525 0.155 0.510 0.490 3379WB INSAS-WB 0.495 0.005 6064.9 1.080 1.000 38.43 25/02/2020
0.335 0.065 0.250 0.250 0119WA APPASIA-WA 0.250 Unch 107 0.350 0.130 8.57 23/12/2024 0.180 0.070 0.070 0.070 196113 IOICORP-C13 0.070 -0.010 50 4.450 4.400 3.60 31/10/2017
0.110 0.035 0.060 0.045 521023 ARMADA-C23 0.055 -0.005 174.7 0.750 0.700 4.33 31/07/2017 0.070 0.020 0.040 0.035 7183WA IRETEX-WA 0.040 -0.005 142.8 0.180 0.800 366.67 10/06/2019
0.255 0.100 0.180 0.160 521024 ARMADA-C24 0.170 -0.010 1282.6 0.750 0.600 2.67 30/11/2017 0.070 0.020 0.050 0.045 0024WA JAG-WA 0.050 Unch 150.2 0.125 0.100 20.00 14/08/2019
0.100 0.030 0.060 0.045 521026 ARMADA-C26 0.050 Unch 3072 0.750 0.880 24.67 31/10/2017 0.120 0.045 0.050 0.045 5161C2 JCY-C2 0.050 Unch 266 0.585 0.635 17.09 16/10/2017
0.100 0.030 0.055 0.045 521027 ARMADA-C27 0.055 0.005 2427 0.750 0.835 18.67 31/01/2018 0.125 0.045 0.125 0.075 9083WB JETSON-WB 0.120 0.045 2157.8 0.445 0.750 95.51 06/02/2019
0.350 0.060 0.105 0.100 0068WB ASDION-WB 0.100 Unch 16 0.240 0.500 150.00 24/03/2019 0.110 0.060 0.085 0.085 8923WA JIANKUN-WA 0.085 0.005 100 0.290 0.320 39.66 23/12/2021
0.110 0.045 0.075 0.070 0150WA ASIABIO-WA 0.075 Unch 88.7 0.155 0.300 141.94 19/04/2024 0.830 0.205 0.745 0.725 7167WA JOHOTIN-WA 0.725 -0.015 220 1.600 0.850 -1.56 21/11/2017
0.210 0.070 0.090 0.090 6399C1 ASTRO-C1 0.090 Unch 10 2.590 2.600 7.34 30/11/2017 0.090 0.035 0.040 0.040 4383CN JTIASA-CN 0.040 Unch 712.1 1.200 1.350 17.50 16/10/2017
0.090 0.055 0.065 0.065 6399C3 ASTRO-C3 0.065 -0.025 50 2.590 2.900 16.99 22/12/2017 0.150 0.080 0.090 0.085 4383CO JTIASA-CO 0.090 0.005 420 1.200 1.200 15.00 08/01/2018
0.055 0.050 0.055 0.050 6399C4 ASTRO-C4 0.050 -0.200 716.4 2.590 3.000 21.24 28/12/2017 0.245 0.110 0.165 0.155 0170WA KANGER-WA 0.165 0.005 114 0.225 0.100 17.78 13/04/2020
0.765 0.095 0.700 0.660 7099WB ATTA-WB 0.670 -0.025 1203 1.380 1.000 21.01 09/05/2022 0.105 0.070 0.070 0.070 5247C1 KAREX-C1 0.070 Unch 441 1.690 1.950 27.81 28/12/2017
0.810 0.490 0.535 0.490 7099WC ATTA-WC 0.510 -0.010 1063.5 1.380 1.000 9.42 18/11/2024 0.115 0.015 0.020 0.015 5247CW KAREX-CW 0.020 Unch 760 1.690 2.100 27.81 29/09/2017
0.260 0.070 0.155 0.150 688815 AXIATA-C15 0.155 -0.010 90 4.910 4.650 4.18 31/10/2017 0.090 0.010 0.015 0.010 5247CY KAREX-CY 0.015 Unch 150.1 1.690 2.250 35.36 31/10/2017
0.290 0.115 0.175 0.175 688816 AXIATA-C16 0.175 Unch 20 4.910 4.500 2.34 18/08/2017 0.035 0.010 0.025 0.020 3115WC KBUNAI-WC 0.020 -0.005 1055.1 0.060 0.131 151.67 20/10/2023
0.730 0.210 0.570 0.565 7078WA AZRB-WA 0.565 -0.015 24 1.100 0.700 15.00 13/05/2024 0.355 0.070 0.305 0.270 7161CA KERJAYA-CA 0.305 0.005 748.9 3.200 2.600 5.08 29/09/2017
0.120 0.030 0.030 0.030 5248CR BAUTO-CR 0.030 Unch 6.7 1.940 2.100 11.34 29/12/2017 0.115 0.070 0.080 0.075 7161CB KERJAYA-CB 0.080 -0.005 549.8 3.200 3.350 15.94 30/11/2017
0.070 0.055 0.060 0.055 5248CS BAUTO-CS 0.060 Unch 71 1.940 2.100 14.43 08/01/2018 0.215 0.135 0.150 0.150 7161CC KERJAYA-CC 0.150 -0.020 30 3.200 3.100 8.59 08/12/2017
0.120 0.095 0.095 0.095 524801 BAUTO-MC01 0.095 -0.010 50 1.940 2.150 20.62 14/12/2017 2.500 1.090 2.260 2.260 7161WA KERJAYA-WA 2.260 -0.070 0.1 3.200 0.880 -1.87 20/12/2017
0.450 0.260 0.365 0.360 5258WA BIMB-WA 0.365 Unch 619.1 4.470 4.720 13.76 04/12/2023 0.490 0.060 0.435 0.415 0151WA KGB-WA 0.435 0.005 216 0.670 0.500 39.55 12/06/2019
0.155 0.070 0.100 0.095 6998WA BINTAI-WA 0.100 -0.005 281.8 0.205 0.200 46.34 15/06/2020 0.030 0.020 0.020 0.020 0036WB KGROUP-WB 0.020 Unch 4338.5 0.040 0.050 75.00 01/05/2020
0.230 0.095 0.145 0.140 0179WA BIOHLDG-WA 0.145 0.005 19.7 0.240 0.220 52.08 05/01/2022 0.880 0.620 0.705 0.655 5171WA KIMLUN-WA 0.660 -0.020 137 2.250 1.680 4.00 12/03/2024
0.400 0.080 0.230 0.220 3239WA BJASSET-WA 0.225 -0.010 110 1.280 1.000 -4.30 16/03/2018 0.075 0.005 0.010 0.005 7164WA KNM-WA 0.010 Unch 19 0.260 0.980 280.77 15/11/2017
0.075 0.015 0.015 0.015 3395C3 BJCORP-C3 0.015 Unch 345 0.345 0.400 20.29 30/08/2017 0.150 0.080 0.090 0.080 7164WB KNM-WB 0.085 -0.005 129.3 0.260 1.000 317.31 21/04/2020
0.075 0.060 0.065 0.065 3395C4 BJCORP-C4 0.065 Unch 15 0.345 0.350 20.29 28/12/2017 1.400 0.410 1.250 1.240 5878WB KPJ-WB 1.250 -0.020 55.4 4.200 4.010 25.24 23/01/2019
0.160 0.060 0.105 0.100 3395WB BJCORP-WB 0.105 0.005 982.1 0.345 1.000 220.29 22/04/2022 0.085 0.020 0.025 0.025 3794CC LAFMSIA-CC 0.025 Unch 10 5.340 7.000 33.43 31/01/2018
0.175 0.050 0.130 0.120 3395WC BJCORP-WC 0.125 0.005 2603.7 0.345 1.000 226.09 29/05/2026 0.365 0.100 0.185 0.185 8494WA LBICAP-WA 0.185 0.005 30 1.180 1.000 0.42 17/04/2018
1.160 0.740 0.775 0.770 5196WA BJFOOD-WA 0.770 -0.010 5 1.570 0.700 -6.37 08/08/2017 1.090 0.520 1.000 1.000 5789WA LBS-WA 1.000 0.005 10 2.030 1.000 -1.48 11/06/2018
0.370 0.035 0.285 0.285 7187WA BKOON-WA 0.285 0.005 230 0.430 0.200 12.79 07/07/2023 0.835 0.335 0.760 0.750 5789WB LBS-WB 0.755 0.010 112 2.030 1.250 -1.23 04/10/2020
0.091 0.045 0.050 0.045 7036WB BORNOIL-WB 0.045 -0.005 510.3 0.110 0.060 -4.55 28/02/2018 0.250 0.150 0.225 0.210 7126WA LONBISC-WA 0.210 -0.010 290.8 0.775 1.000 56.13 26/01/2020
0.081 0.045 0.050 0.045 7036WC BORNOIL-WC 0.045 -0.005 9015.6 0.110 0.070 4.55 08/11/2025 0.095 0.020 0.070 0.065 5068WA LUSTER-WA 0.065 -0.005 146 0.125 0.100 32.00 03/06/2022
0.065 0.050 0.055 0.050 7036WD BORNOIL-WD 0.050 -0.005 1698.6 0.110 0.070 9.09 29/05/2027 0.095 0.020 0.070 0.065 5068WB LUSTER-WB 0.065 Unch 263 0.125 0.100 32.00 26/05/2023
0.120 0.060 0.070 0.070 9938WB BRIGHT-WB 0.070 0.005 100.1 0.310 0.820 187.10 12/01/2019 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 Unch 250 0.080 0.100 75.00 21/08/2019
0.435 0.060 0.325 0.315 181811 BURSA-C11 0.320 Unch 437.7 10.440 8.900 0.57 30/11/2017 0.750 0.210 0.575 0.570 7617WB MAGNA-WB 0.570 -0.020 10 1.490 0.900 -1.34 04/09/2020
0.315 0.110 0.160 0.145 181812 BURSA-C12 0.155 Unch 514 10.440 10.500 7.26 30/11/2017 0.265 0.140 0.150 0.145 8583WB MAHSING-WB 0.150 Unch 522.4 1.550 1.440 2.58 16/03/2018
0.150 0.130 0.130 0.130 181801 BURSA-MC01 0.130 Unch 4.5 10.440 11.000 12.84 14/12/2017 0.170 0.085 0.135 0.130 8583WC MAHSING-WC 0.135 Unch 23.5 1.550 2.100 44.19 21/02/2020
2.550 0.950 2.240 2.230 7174WA CAB-WA 2.240 0.040 52.9 2.830 0.550 -1.41 08/02/2020 0.100 0.015 0.015 0.015 5264CT MALAKOF-CT 0.015 Unch 100 1.060 1.500 42.92 31/10/2017
0.160 0.065 0.070 0.070 7076CD CBIP-CD 0.070 Unch 30 2.040 2.000 4.90 18/08/2017 0.100 0.025 0.030 0.030 5264CW MALAKOF-CW 0.030 Unch 50 1.060 1.200 18.87 29/09/2017
0.095 0.050 0.070 0.070 7076CE CBIP-CE 0.070 Unch 220 2.040 2.300 17.89 16/10/2017 0.090 0.015 0.020 0.015 5264CX MALAKOF-CX 0.020 Unch 100.1 1.060 1.300 25.47 16/10/2017
0.470 0.290 0.390 0.385 7076WA CBIP-WA 0.385 -0.015 5 2.040 2.400 36.52 06/11/2019 0.990 0.085 0.650 0.625 6181WB MALTON-WB 0.625 -0.020 3883.6 1.440 1.000 12.85 29/06/2018
0.150 0.005 0.005 0.005 5195WA CENSOF-WA 0.005 Unch 54.5 0.320 0.460 45.31 18/07/2017 0.630 0.350 0.530 0.520 5236WA MATRIX-WA 0.530 Unch 235.1 2.700 2.400 8.52 20/07/2020
0.220 0.045 0.145 0.135 5195WB CENSOF-WB 0.140 -0.005 632.2 0.320 0.460 87.50 07/10/2019 0.190 0.030 0.035 0.030 6012CW MAXIS-CW 0.030 -0.005 685.3 5.610 6.000 8.82 29/09/2017
0.310 0.070 0.300 0.300 102314 CIMB-C14 0.300 Unch 50 6.680 5.000 1.80 10/07/2017 0.160 0.035 0.035 0.035 6012CX MAXIS-CX 0.035 Unch 100 5.610 5.900 7.66 28/08/2017
0.310 0.100 0.285 0.250 102321 CIMB-C21 0.250 Unch 179 6.680 6.200 5.91 31/10/2017 0.230 0.140 0.210 0.210 115528 MAYBANKC28 0.210 Unch 10 9.630 9.500 5.63 31/10/2017
0.335 0.150 0.320 0.320 102322 CIMB-C22 0.320 Unch 40 6.680 5.700 4.49 24/11/2017 0.190 0.165 0.185 0.180 115531 MAYBANKC31 0.180 Unch 972.7 9.630 9.500 4.26 28/02/2018
0.155 0.140 0.155 0.140 102324 CIMB-C24 0.140 -0.100 844.2 6.680 7.000 13.17 28/12/2017 0.585 0.270 0.435 0.405 5152WA MBL-WA 0.410 -0.020 381 1.050 0.800 15.24 28/11/2022
0.205 0.040 0.185 0.185 0102WA CONNECT-WA 0.185 -0.010 30 0.290 0.100 -1.72 17/09/2021 0.125 0.105 0.105 0.105 1171C1 MBSB-C1 0.105 -0.005 100 1.340 1.300 12.69 24/11/2017
0.205 0.035 0.190 0.185 0102WB CONNECT-WB 0.190 0.010 114.1 0.290 0.100 0.00 07/06/2021 0.230 0.155 0.195 0.185 1171C2 MBSB-C2 0.195 0.010 26.5 1.340 1.300 11.57 31/01/2018
0.250 0.025 0.160 0.155 0051WA CUSCAPI-WA 0.155 Unch 727 0.280 0.270 51.79 24/04/2018 0.170 0.105 0.150 0.140 1171CW MBSB-CW 0.140 -0.010 320 1.340 1.150 6.72 28/11/2017
0.470 0.365 0.425 0.410 5276WA DANCO-WA 0.415 -0.005 398.7 0.700 0.300 2.14 22/05/2022 0.090 0.055 0.075 0.065 1171CY MBSB-CY 0.065 Unch 5760.8 1.340 1.250 7.84 29/09/2017
0.035 0.005 0.015 0.015 7179WB DBE-WB 0.015 Unch 561.6 0.030 0.050 116.67 22/01/2022 0.080 0.055 0.060 0.055 1171CZ MBSB-CZ 0.055 Unch 3128.6 1.340 1.450 18.47 30/11/2017
0.155 0.065 0.135 0.135 727710 DIALOG-C10 0.135 0.005 30 1.940 1.550 0.77 10/07/2017 0.260 0.040 0.155 0.150 0167WB MCLEAN-WB 0.155 0.010 86 0.290 0.250 39.66 07/10/2020
0.200 0.140 0.170 0.150 727717 DIALOG-C17 0.170 0.005 650.6 1.940 1.900 6.70 31/01/2018 0.065 0.025 0.045 0.045 5040WC MEDAINC-WC 0.045 -0.005 100 0.455 0.800 85.71 24/08/2024
0.100 0.055 0.075 0.055 694719 DIGI-C19 0.075 -0.005 18.7 5.010 5.100 4.79 31/01/2018 0.365 0.140 0.285 0.270 1694WB MENANG-WB 0.280 0.010 1160 0.940 1.000 36.17 09/07/2019
0.370 0.045 0.310 0.295 4456WD DNEX-WD 0.300 -0.005 22340.2 0.590 0.500 35.59 30/07/2021 0.175 0.085 0.130 0.125 0075WA MEXTER-WA 0.130 Unch 84 0.240 0.130 8.33 17/09/2018
0.140 0.060 0.100 0.100 7114WA DNONCE-WA 0.100 Unch 551.9 0.295 0.250 18.64 25/11/2020 2.330 0.370 1.990 1.960 3069WA MFCB-WA 1.980 0.010 184.9 3.770 2.220 11.41 08/04/2020
0.145 0.060 0.060 0.060 5265WA DOLPHIN-WA 0.060 -0.005 30 0.175 0.800 391.43 29/03/2021 0.090 0.005 0.005 0.005 5026WA MHC-WA 0.005 Unch 934.3 0.870 1.560 79.89 28/07/2017
0.310 0.180 0.280 0.255 7169WA DOMINAN-WA 0.275 -0.005 710.9 1.260 1.300 25.00 10/09/2020 0.050 0.020 0.045 0.040 7219WA MINETEC-WA 0.045 0.005 210 0.125 0.150 56.00 27/11/2019
0.040 0.010 0.015 0.015 7198WA DPS-WA 0.015 Unch 10 0.095 0.540 484.21 03/01/2018 0.355 0.175 0.205 0.200 5576WC MINHO-WC 0.205 -0.005 81 0.550 0.500 28.18 02/08/2021
0.070 0.035 0.050 0.050 7198WB DPS-WB 0.050 Unch 191 0.095 0.100 57.89 15/01/2025 0.125 0.060 0.060 0.060 3816C9 MISC-C9 0.060 -0.010 137.1 7.320 7.500 7.38 18/08/2017
0.260 0.030 0.185 0.170 161926 DRBHCOMC26 0.175 -0.005 12148.5 1.790 1.550 1.26 30/08/2017 0.625 0.365 0.525 0.525 9571WD MITRA-WD 0.525 Unch 10 1.380 1.090 17.03 23/08/2020
0.180 0.030 0.115 0.110 161927 DRBHCOMC27 0.110 -0.005 2100.9 1.790 1.700 7.26 22/08/2017 1.125 0.652 0.820 0.790 6114WB MKH-WB 0.790 -0.010 221.5 2.370 1.550 -1.27 29/12/2017
0.330 0.105 0.295 0.290 161929 DRBHCOMC29 0.295 0.010 215 1.790 1.200 0.00 16/08/2017 0.085 0.020 0.045 0.040 0085WA MLAB-WA 0.040 -0.005 9235.7 0.110 0.100 27.27 24/04/2020
0.380 0.115 0.355 0.340 161930 DRBHCOMC30 0.345 Unch 819.1 1.790 1.100 0.00 30/11/2017 0.880 0.220 0.780 0.770 7595WA MLGLOBAL-WA 0.780 0.010 2.1 1.120 0.500 14.29 27/10/2019
0.180 0.060 0.140 0.125 161932 DRBHCOMC32 0.125 -0.010 2637 1.790 1.450 0.56 30/08/2017 0.220 0.070 0.080 0.075 2194C4 MMCCORP-C4 0.080 Unch 540.5 2.400 2.250 0.42 31/07/2017
0.195 0.060 0.165 0.150 161933 DRBHCOMC33 0.155 0.005 9426.3 1.790 1.650 9.50 31/10/2017 0.290 0.075 0.085 0.075 165112 MRCB-C12 0.085 -0.005 223.4 1.350 1.400 13.15 16/08/2017
0.160 0.105 0.155 0.145 161935 DRBHCOMC35 0.145 -0.010 32.8 1.790 1.800 20.81 25/01/2018 0.180 0.030 0.035 0.030 165113 MRCB-C13 0.035 0.005 663 1.350 1.550 21.30 30/08/2017
0.105 0.030 0.030 0.030 5216CU DSONIC-CU 0.030 Unch 30 1.230 1.300 11.79 31/07/2017 0.100 0.025 0.030 0.030 165114 MRCB-C14 0.030 Unch 137.3 1.350 1.900 46.30 31/10/2017
0.225 0.065 0.065 0.065 3417C7 E&O-C7 0.065 -0.015 30 1.690 1.850 17.16 30/11/2017 0.135 0.030 0.040 0.040 165115 MRCB-C15 0.040 Unch 1137.1 1.350 1.800 37.78 24/11/2017
0.320 0.120 0.195 0.195 3417WB E&O-WB 0.195 Unch 65.8 1.690 2.600 65.38 21/07/2019 0.060 0.035 0.040 0.040 165116 MRCB-C16 0.040 Unch 750.1 1.350 2.100 65.04 29/12/2017
0.195 0.090 0.135 0.130 3557WC ECOFIRS-WC 0.130 -0.010 356.5 0.305 0.300 40.98 10/09/2019 0.390 0.070 0.105 0.100 1651C9 MRCB-C9 0.100 Unch 330 1.350 1.450 14.81 30/08/2017
0.120 0.080 0.110 0.110 5253CA ECONBHD-CA 0.110 Unch 50 2.500 2.500 13.20 30/11/2017 0.175 0.085 0.110 0.105 1651WA MRCB-WA 0.105 -0.005 1341.5 1.350 2.300 78.15 14/09/2018
0.095 0.090 0.095 0.090 5253CD ECONBHD-CD 0.095 -0.155 100.2 2.500 2.700 19.40 28/12/2017 0.080 0.010 0.025 0.020 0092WA MTOUCHE-WA 0.025 0.005 840 0.315 1.260 307.94 17/01/2018
0.190 0.115 0.170 0.170 8206CF ECOWLD-CF 0.170 Unch 200 1.660 1.600 11.75 31/01/2018 0.125 0.030 0.085 0.085 0092WB MTOUCHE-WB 0.085 Unch 5 0.315 0.540 98.41 16/03/2020
0.170 0.105 0.145 0.140 8206CG ECOWLD-CG 0.140 Unch 958.2 1.660 1.500 7.23 30/11/2017 0.370 0.180 0.220 0.220 5703CD MUHIBAH-CD 0.220 Unch 93.8 2.740 2.600 5.60 29/12/2017
0.175 0.100 0.140 0.135 8206CH ECOWLD-CH 0.140 Unch 80 1.660 1.600 9.04 08/12/2017 0.405 0.140 0.300 0.295 13810 MYEG-C10 0.295 Unch 500 2.170 1.600 0.92 18/08/2017
0.130 0.095 0.110 0.105 8206CI ECOWLD-CI 0.110 0.005 110 1.660 1.700 15.66 25/01/2018 0.445 0.195 0.355 0.355 13811 MYEG-C11 0.355 -0.045 37.5 2.170 1.380 -0.41 31/07/2017
0.710 0.350 0.540 0.525 8206WA ECOWLD-WA 0.535 0.010 468.3 1.660 2.080 57.53 26/03/2022 0.190 0.075 0.120 0.120 13815 MYEG-C15 0.120 Unch 200 2.170 2.000 8.20 29/09/2017
0.945 0.360 0.890 0.865 0065WA EFORCE-WA 0.870 Unch 680.5 1.210 0.340 0.00 17/07/2019 0.255 0.100 0.185 0.175 13816 MYEG-C16 0.175 Unch 263 2.170 2.000 8.29 31/01/2018
0.670 0.425 0.480 0.455 8907WC EG-WC 0.465 Unch 65 0.820 0.500 17.68 03/11/2020 0.170 0.100 0.110 0.100 13817 MYEG-C17 0.100 -0.005 491.7 2.170 2.300 17.51 30/11/2017
0.140 0.055 0.070 0.065 8877CA EKOVEST-CA 0.065 -0.005 773 1.220 1.600 39.14 08/12/2017 0.095 0.075 0.085 0.080 13819 MYEG-C19 0.080 Unch 724 2.170 2.650 32.07 29/12/2017
0.090 0.080 0.090 0.080 8877CC EKOVEST-CC 0.090 -0.210 655.8 1.220 1.300 25.00 28/12/2017 0.120 0.115 0.120 0.115 13820 MYEG-C20 0.115 Unch 255 2.170 2.600 30.41 22/01/2018
1.350 0.221 0.925 0.910 8877WB EKOVEST-WB 0.915 Unch 585 1.220 0.480 14.34 25/06/2019 0.390 0.090 0.270 0.250 0138C6 MYEG-C6 0.265 Unch 450 2.170 1.733 0.23 13/07/2017
0.630 0.305 0.495 0.480 5056WA ENGTEX-WA 0.480 -0.020 201.5 1.340 0.830 -2.24 25/10/2017 0.195 0.065 0.135 0.130 0138C7 MYEG-C7 0.130 Unch 330 2.170 1.867 2.00 22/08/2017
0.060 0.025 0.035 0.030 5283CE EWINT-CE 0.030 Unch 6005.1 1.090 1.350 30.73 30/11/2017 0.480 0.115 0.405 0.400 0138C8 MYEG-C8 0.400 0.020 122.3 2.170 1.567 2.92 31/10/2017
0.080 0.060 0.075 0.075 5283CF EWINT-CF 0.075 Unch 450 1.090 1.050 13.53 28/12/2017 0.460 0.140 0.355 0.335 0138C9 MYEG-C9 0.345 Unch 50 2.170 1.600 0.23 16/08/2017
0.450 0.285 0.310 0.305 5283WA EWINT-WA 0.310 Unch 624.8 1.090 1.450 61.47 02/04/2022 0.065 0.005 0.025 0.020 0020WB NETX-WB 0.025 -0.005 4759.1 0.050 0.050 50.00 08/06/2019
0.555 0.100 0.550 0.530 7047WB FAJAR-WB 0.545 Unch 2636.3 0.990 0.700 25.76 24/09/2019 0.025 0.010 0.020 0.020 0096WB NEXGRAM-WB 0.020 Unch 118.2 0.045 0.260 522.22 21/07/2023
0.180 0.115 0.155 0.150 06501R FBMKLCI-C1R 0.150 -0.005 200 1,771 1,670 0.22 29/09/2017 0.065 0.005 0.010 0.010 7139WA NICE-WA 0.010 Unch 200 0.090 0.160 88.89 09/08/2017
0.060 0.050 0.050 0.050 06503A FBMKLCI-C3A 0.050 -0.005 10 1,771 1,785 2.75 29/12/2017 0.415 0.190 0.375 0.360 0172WA OCK-WA 0.365 -0.005 2254 0.975 0.710 10.26 15/12/2020
0.095 0.005 0.005 0.005 06502Q FBMKLCI-H2Q 0.005 Unch 500 1,771 1,635 -7.49 30/08/2017 0.255 0.060 0.170 0.150 7071WC OCR-WC 0.155 -0.015 62 0.605 0.500 8.26 24/07/2021
0.295 0.015 0.015 0.015 06502R FBMKLCI-H2R 0.015 Unch 5 1,771 1,630 -7.76 31/07/2017 0.370 0.195 0.295 0.280 5053WC OSK-WC 0.290 -0.005 318.5 1.600 1.800 30.63 22/07/2020
0.090 0.010 0.010 0.010 06502T FBMKLCI-H2T 0.010 Unch 200 1,771 1,670 -5.32 29/09/2017 0.200 0.180 0.200 0.200 7052CK PADINI-CK 0.200 Unch 15 3.480 3.200 9.20 28/02/2018
0.100 0.015 0.030 0.025 06502W FBMKLCI-H2W 0.025 Unch 973 1,771 1,715 -2.18 31/10/2017 0.065 0.025 0.030 0.025 0005WA PALETTE-WA 0.030 Unch 150.1 0.060 0.040 16.67 20/03/2018
0.160 0.055 0.065 0.060 06502Z FBMKLCI-H2Z 0.065 Unch 887.1 1,771 1,765 2.22 30/11/2017 0.300 0.080 0.225 0.215 5125WA PANTECH-WA 0.225 Unch 194.3 0.585 0.500 23.93 21/12/2020
0.110 0.090 0.100 0.095 06504C FBMKLCI-H4C 0.100 0.005 95 1,771 1,785 4.73 29/12/2017 0.300 0.105 0.230 0.225 5125WB PANTECH-WB 0.230 -0.005 32.2 0.585 0.500 24.79 21/12/2021
0.160 0.010 0.025 0.015 522221 FGV-C21 0.020 Unch 900 1.710 2.550 51.46 30/08/2017 0.270 0.145 0.190 0.155 5022WA PAOS-WA 0.190 Unch 1.2 0.540 0.500 27.78 14/12/2021
0.140 0.025 0.040 0.030 522223 FGV-C23 0.030 -0.005 3100.7 1.710 1.850 14.33 31/07/2017 0.165 0.085 0.130 0.115 129512 PBBANK-C12 0.115 -0.015 324 20.260 19.550 0.47 31/07/2017
0.205 0.035 0.040 0.035 522224 FGV-C24 0.035 -0.005 2839.2 1.710 1.850 13.30 31/07/2017 0.100 0.060 0.070 0.060 129514 PBBANK-C14 0.060 Unch 262 20.260 21.000 6.02 29/09/2017
0.135 0.030 0.045 0.045 522226 FGV-C26 0.045 Unch 1710.7 1.710 2.200 35.50 31/10/2017 0.240 0.070 0.090 0.070 518310 PCHEM-C10 0.080 0.010 5920.4 7.100 7.100 3.94 18/08/2017
0.085 0.015 0.045 0.040 522227 FGV-C27 0.040 -0.005 7722.2 1.710 2.450 49.12 16/10/2017 0.255 0.065 0.090 0.080 5183C9 PCHEM-C9 0.085 0.005 779.9 7.100 7.000 2.78 29/09/2017
0.155 0.070 0.085 0.080 522228 FGV-C28 0.080 Unch 759.6 1.710 2.050 31.58 31/01/2018 0.400 0.200 0.260 0.215 9997WB PENSONI-WB 0.260 0.030 38.5 0.635 0.600 35.43 20/01/2024
0.130 0.090 0.100 0.095 522229 FGV-C29 0.095 Unch 122 1.710 2.100 36.70 08/01/2018 0.485 0.125 0.410 0.405 8311WC PESONA-WC 0.405 0.005 122.5 0.635 0.250 3.15 27/01/2020
0.195 0.155 0.160 0.155 522230 FGV-C30 0.155 Unch 2275.5 1.710 1.600 18.95 28/12/2017 0.150 0.040 0.105 0.080 6033CO PETGAS-CO 0.095 0.005 220.9 18.720 19.800 10.34 29/12/2017
0.740 0.230 0.640 0.635 9261WB GADANG-WB 0.635 Unch 818.2 0.635 1.060 166.93 29/11/2021 0.740 0.100 0.475 0.450 3042CB PETRONM-CB 0.450 -0.015 45.4 7.220 4.500 -0.28 31/07/2017
0.210 0.075 0.200 0.185 539831 GAMUDA-C31 0.200 0.005 1210 5.480 4.900 0.36 29/09/2017 0.315 0.085 0.145 0.130 3042CC PETRONM-CC 0.130 -0.005 1437 7.220 6.500 11.63 29/09/2017
THU R S DAY JU N E 29 , 20 17 T HE ED G E FINA NCIA L DA ILY
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Japan Stocks wobble as techs
underperform, small caps hit hard
TOKYO: Japanese stocks wobbled
yesterday as tech shares followed their
US counterparts down and as souring
sentiment battered small caps, while large-
cap bank shares benefited from a rise in
global bond yields.
The Nikkei share average shed 0.47%
to 20,130.41, while Topix declined 0.3%,
with its drop mitigated by a 2% climb for
the banking index.
The Topix Large, which covers the top
100 companies, was flat while the Topix
Small, which has outperformed large-cap
shares this quarter, fell 1% on profit-taking
ahead of the end of quarter.
Traders said overall sentiment was
subdued as investors remain cautious after
the vote on a healthcare bill was delayed
in the US Senate, raising fresh questions
about President Donald Trumps domestic
agenda.
The news raised worries on overall
sentiment and makes it hard for the market
to take a firm direction, said Takuya
Takahashi, a strategist at Daiwa Securities.
Tech shares languished after a sell-off
in big tech names on the Nasdaq, which
tumbled 1.6%. Google parent Alphabet fell
2.5% after EU antitrust regulators hit the
tech giant with a record US$2.7-billion fine.
In the Tokyo bourse, Canon Inc tumbled
3.2% while Tokyo Electron Ltd shed 4.3% and
Murata Manufacturing Co dropped 2.5%.
Decliners outnumbered advancers by
1,383 to 503.
In a boost to bank stocks, the US
Benchmark 10-year notes yield rose to
2.22% overnight, up from 2.14% late on
Monday after US Federal Reserve chair
Janet Yellen said that it is appropriate to
gradually raise rates.
Yellens comment is suppor ting
Japanese financial stocks on Tuesday,
and for the long term,Japanese stocks are
on the rising trend supported by US-led
global economic recovery, said Mutsumi
Kagawa, chief global strategist at Rakuten
Securities.
Banks and insurers, which invest in
higher yielding products such as foreign
bonds, surged 1.8% and 1.4%, respectively.
Mitsubishi UFJ Financial Group gained
2.1%, Mizuho Financial Group soared
2.6% and SMFG advanced 0.39%.
The JPX-Nikkei Index 400 advanced
0.2% to 14,422.02.
Meanwhile, Japans finance ministry
floated a plan yesterday to increase the size
of short-term Japanese government bond
(JGB) issue through so-called liquidity-
enhancing auctions to ease their shortage,
a senior ministry official said.
The plan was proposed to a gathering
of JGB primary dealers, the official said,
adding that the ministry will make a final
decision on the plan after sounding out
investors opinion in a meeting today.
Europe Shares fall as rate-sensitive
utilities tumble, warning hits autos
LONDON: Hawkish comments from
European Central Bank (ECB) president
Mario Draghi hit interest rate-sensitive
utilities shares on Tuesday, dragging down
European indices, while a warning from
auto parts supplier Schaeffler hit the whole
sector.
Draghi on Tuesday opened the door to
tweaks in the banks aggressive stimulus
policy, fuelling market expectations that the
bank will announce a reduction of stimulus
as soon as September.
Utilities, whose constant dividends flows
become less attractive when monetary
policy tightens, fell 2.4%, suffering their
biggest one-day loss since November.
Shares in Spanish power network
operator Red Electrica, Italian gas firm
Italgas and German heavyweight utility
E.ON were among the top losers in Europe
with losses of more than 3%.
Their losses helped drag the pan-
European STOXX 600 index down 0.8%.
However, shares in banks, which have
long suffered from the ECBs ultra loose policy,
were boosted by Draghis remarks with the
eurozone sectoral index ending up 1.4%.
On Tuesday, Draghi moved his first
step towards indicating that ECB monetary
policy will become less accommodative
in 2018, said UniCredit chief eurozone
economist Marco Valli.
Unless an unexpected shock
m a te r i a l i s e s, a fo r m a l t a p e r i n g
announcement is likely to come at the
ECB monetary policy meeting scheduled
on Sept 7, he added.
Shares in banks such as Caixa,
Deutsche Bank, Sabadell and Bankia
which are more sensitive than others to
the rate cycle were among the top five
eurozone bank gainers, all up over 2.4%.
Bankia got an extra boost as investors
cheered to its deal to buy smaller peer
BMN in a US$924 million deal.
A weak spot among banks was Italys
Carige, which fell 3.4% to a fresh record low
on mounting talk that the troubled Genoa-
based lender will need more capital than
the 450 million initially planned to repair
its finances.
Autos fell 1.5% after German auto
parts supplier Schaeffler slashed its profit
guidance on growing price pressures and
high costs. Schaeffler shares tumbled 12.8%.
Schaeffler flagging increased pricing
pressure will almost definitely raise
concerns across the supplier space,
Jefferies said in a note. Schaefflers profit
warning will reignite the debate on the
resilience on supplier margins and organic
growth (post pricing) as we approach the
peak of the cycle.
German drug maker Stada dropped 3%
after Bain Capital and Cinven failed to win
the required shareholder acceptances to
take over the firm. Reuters

Nikkei 225 FT Straits Times Euro STOXX 50 Index Dow Jones

Index points Index points Index points
Index points
20800 3600 3900 3,538.32 21600
-23.44
2,774.06 (-0.66%)
17625 3300 3415 18575
2,772.70

14450 3000 2930 15550

10,172.06 20,130.41 10,403.79 21,310.66
-94.68 -98.89
(-0.47%) 12525 (-0.46%)
11275 2700 2445
3,215.70
-3.83
8100 2400 (-0.12%) 1960 9500

Mar 1, 2010 Jun 28, 2017 Mar 1, 2010 Jun 28, 2017 Mar 1, 2010 Jun 27, 2017 Mar 1, 2010 Jun 27, 2017

Bursa Malaysia Equity Derivatives YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.130 0.055 0.100 0.095 0132WA TDEX-WA 0.100 Unch 5.2 0.160 0.110 31.25 21/09/2018
1.160 0.325 0.335 0.325 7200WA TEKSENG-WA 0.335 0.005 81.9 0.535 0.250 9.35 29/01/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.195 0.085 0.145 0.130 534735 TENAGA-C35 0.135 Unch 196.5 14.140 13.800 3.32 30/11/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE
1.050 0.615 0.940 0.930 7088WB POHUAT-WB 0.930 -0.010 275.3 1.950 1.000 -1.03 21/10/2020 0.490 0.260 0.310 0.300 7252WA TEOSENG-WA 0.305 Unch 260.1 0.975 1.350 69.74 29/01/2020
0.285 0.130 0.160 0.160 4634C8 POS-C8 0.160 Unch 50 5.200 5.100 10.38 31/10/2017 3.560 2.620 2.700 2.670 7034WA TGUAN-WA 2.680 -0.020 8 4.180 1.500 0.00 09/10/2019
0.710 0.188 0.625 0.615 7168WA PRG-WA 0.620 0.010 281.3 1.030 0.375 -3.40 06/07/2019 0.105 0.055 0.075 0.075 7889WB THRIVEN-WB 0.075 -0.010 7.5 0.235 0.640 204.26 05/10/2020
0.710 0.405 0.585 0.580 8966WA PRLEXUS-WA 0.585 Unch 133.8 1.500 1.200 19.00 14/06/2021 0.025 0.005 0.015 0.010 7079WB TIGER-WB 0.015 Unch 413.4 0.065 0.170 184.62 23/12/2018
0.145 0.040 0.115 0.110 7145WA PSIPTEK-WA 0.110 Unch 144 0.165 0.100 27.27 16/11/2019 0.040 0.010 0.025 0.020 7079WC TIGER-WC 0.025 Unch 850 0.065 0.080 61.54 11/02/2021
0.140 0.020 0.090 0.080 0007WA PUC-WA 0.080 -0.010 1737 0.145 0.100 24.14 25/12/2024 0.210 0.150 0.210 0.210 5031CN TIMECOM-CN 0.210 Unch 100 9.830 8.400 3.61 30/11/2017
0.145 0.015 0.085 0.075 0007WB PUC-WB 0.080 -0.005 3299 0.145 0.100 24.14 15/02/2019 0.090 0.020 0.035 0.030 486314 TM-C14 0.030 -0.005 327 6.620 6.700 2.34 29/09/2017
0.750 0.215 0.650 0.640 7134WA PWF-WA 0.650 Unch 16 1.030 0.620 23.30 20/07/2021 0.315 0.155 0.175 0.170 0101WB TMCLIFE-WB 0.175 Unch 523.5 0.870 0.750 6.32 21/06/2019
0.170 0.020 0.105 0.100 5256WA REACH-WA 0.100 -0.005 2485.2 0.455 0.750 86.81 12/08/2022 0.810 0.455 0.765 0.745 8397WC TNLOGIS-WC 0.760 Unch 140 1.770 1.000 -0.56 26/12/2018
0.110 0.075 0.075 0.075 1066C1 RHBBANK-C1 0.075 Unch 155 5.070 5.600 16.37 08/12/2017 0.450 0.109 0.395 0.390 7285WA TOMYPAK-WA 0.390 -0.005 364.5 0.985 0.930 34.01 21/06/2021
0.110 0.065 0.070 0.070 1066C2 RHBBANK-C2 0.070 Unch 285.7 5.070 5.600 14.60 28/02/2018 0.200 0.035 0.175 0.170 711317 TOPGLOV-C17 0.170 Unch 558.1 5.780 5.200 3.20 29/12/2017
0.155 0.070 0.070 0.070 1066CY RHBBANK-CY 0.070 -0.015 38.8 5.070 5.250 10.45 28/11/2017 0.120 0.105 0.120 0.120 711301 TOPGLOV-MC01 0.120 Unch 4 5.780 5.600 9.34 14/12/2017
0.090 0.060 0.070 0.070 5270WA RSENA-WA 0.070 Unch 50 0.455 0.500 25.27 01/12/2023 0.365 0.225 0.240 0.225 7176WA TPC-WA 0.230 0.005 256.1 0.430 0.200 0.00 19/01/2021
0.080 0.010 0.015 0.010 0133WB SANICHI-WB 0.015 -0.005 102.5 0.070 0.210 221.4 13/03/2018 0.425 0.110 0.330 0.320 5042WB TSRCAP-WB 0.330 0.010 30 0.725 0.700 42.07 28/12/2020
0.040 0.015 0.020 0.020 0133WC SANICHI-WC 0.020 Unch 69.7 0.070 0.210 228.5 24/09/2019 0.110 0.010 0.015 0.010 5230CL TUNEPRO-CL 0.010 -0.005 817.7 1.240 1.400 14.92 31/07/2017
0.050 0.020 0.030 0.030 0133WD SANICHI-WD 0.030 Unch 6978.2 0.070 0.100 85.71 21/07/2019 0.150 0.075 0.085 0.080 514841 UEMS-C41 0.080 -0.005 470 1.200 1.140 8.33 31/10/2017
0.185 0.055 0.125 0.125 0161WA SCH-WA 0.125 -0.005 1709.2 0.215 0.100 4.65 04/12/2021 0.085 0.020 0.025 0.020 514842 UEMS-C42 0.025 Unch 6970.3 1.200 1.400 20.83 29/09/2017
0.190 0.055 0.125 0.125 0028WA SCOPE-WA 0.125 Unch 3.7 0.225 0.150 22.22 17/07/2020 0.100 0.045 0.050 0.045 514845 UEMS-C45 0.045 -0.005 3445 1.200 1.200 10.13 31/10/2017
0.785 0.160 0.570 0.555 7073WB SEACERA-WB 0.570 Unch 181.5 1.320 1.000 18.94 29/05/2019 0.080 0.010 0.010 0.010 524316 UMWOG-C16 0.010 Unch 34.8 0.475 0.750 62.11 31/10/2017
0.170 0.040 0.050 0.050 5250CF SEM-CF 0.050 Unch 300 1.390 1.550 18.71 28/11/2017 0.110 0.020 0.020 0.020 524317 UMWOG-C17 0.020 Unch 10 0.475 0.800 72.63 24/11/2017
0.245 0.005 0.005 0.005 521834 SENERGYC34 0.005 Unch 77.7 1.570 1.800 15.29 13/07/2017 0.070 0.045 0.050 0.045 524318 UMWOG-C18 0.050 0.005 40.1 0.475 0.600 42.11 29/12/2017
0.165 0.010 0.010 0.010 521837 SENERGYC37 0.010 Unch 20 1.570 1.850 19.43 31/07/2017 0.195 0.070 0.120 0.120 7091WA UNIMECH-WA 0.120 Unch 90 1.080 1.500 50.00 18/09/2018
0.270 0.085 0.090 0.085 521838 SENERGYC38 0.090 0.005 550 1.570 1.650 16.56 30/11/2017 0.195 0.085 0.165 0.165 5005CU UNISEM-CU 0.165 Unch 30 3.510 2.700 0.43 16/10/2017
0.145 0.020 0.025 0.020 521841 SENERGYC41 0.025 0.005 3447.4 1.570 2.050 34.55 29/09/2017 0.164 0.025 0.035 0.030 0069WB VIVOCOM-WB 0.030 -0.005 3178.2 0.125 0.200 84.00 07/09/2018
0.055 0.015 0.020 0.015 521842 SENERGYC42 0.015 -0.005 5891.7 1.570 2.200 43.47 31/10/2017 0.180 0.050 0.065 0.060 0069WC VIVOCOM-WC 0.060 Unch 780.1 0.125 0.100 28.00 22/01/2020
0.100 0.045 0.045 0.045 521845 SENERGYC45 0.045 Unch 21 1.570 2.000 33.12 28/02/2018 0.175 0.055 0.060 0.060 0069WD VIVOCOM-WD 0.060 Unch 133.1 0.125 0.100 28.00 08/07/2020
0.050 0.040 0.040 0.040 521801 SENERGY-MC01 0.040 Unch 110 1.570 2.050 38.22 14/12/2017 0.095 0.030 0.065 0.060 7070WC VIZIONE-WC 0.060 -0.005 1248 0.115 0.100 39.13 05/02/2022
0.215 0.070 0.110 0.110 0055WA SERSOL-WA 0.110 -0.010 14 0.165 0.180 75.76 18/04/2023 0.240 0.065 0.230 0.230 6963CJ VS-CJ 0.230 Unch 100 2.080 1.380 -0.48 28/07/2017
0.205 0.055 0.165 0.160 7165WA SGB-WA 0.160 0.005 120 0.660 0.600 15.15 07/04/2021 0.210 0.155 0.200 0.200 6963CM VS-CM 0.200 Unch 30 2.080 1.800 5.77 30/11/2017
0.350 0.210 0.260 0.260 7246WA SIGN-WA 0.260 -0.005 18 0.900 0.970 36.67 21/04/2021 0.175 0.115 0.150 0.150 6963CN VS-CN 0.150 Unch 318 2.080 2.000 10.58 08/12/2017
0.190 0.120 0.165 0.140 419714 SIME-C14 0.150 -0.015 47.2 9.610 9.000 1.46 29/12/2017 0.060 0.010 0.020 0.020 0066WA VSOLAR-WA 0.020 Unch 275 0.095 0.120 47.37 01/12/2017
0.090 0.065 0.070 0.070 7155CC SKPRES-CC 0.070 Unch 100 1.280 1.300 12.50 28/09/2017 0.690 0.195 0.670 0.645 6963WA VS-WA 0.655 -0.010 3681.4 2.080 1.650 10.82 06/01/2019
0.245 0.120 0.160 0.150 9776WB SMCAP-WB 0.160 0.005 290 0.735 1.000 57.82 13/07/2018 0.135 0.050 0.055 0.055 3565CA WCEHB-CA 0.055 Unch 100 1.400 1.650 25.71 30/11/2017
0.115 0.015 0.025 0.015 0117WA SMRT-WA 0.025 Unch 2969.8 0.200 0.180 2.50 01/08/2017 0.085 0.055 0.060 0.060 3565CB WCEHB-CB 0.060 Unch 100 1.400 1.700 30.00 08/01/2018
0.540 0.135 0.255 0.255 5213WA SNTORIA-WA 0.255 Unch 18 0.845 0.600 1.18 15/04/2019 0.170 0.075 0.075 0.075 9679C2 WCT-C2 0.075 -0.005 30 2.050 2.300 19.51 08/12/2017
0.285 0.100 0.215 0.205 0093WA SOLUTN-WA 0.215 Unch 128.1 0.305 0.200 36.07 04/07/2021 0.340 0.060 0.150 0.135 9679CZ WCT-CZ 0.135 -0.015 38 2.050 2.000 7.44 31/10/2017
0.070 0.060 0.070 0.060 5126CE SOP-CE 0.070 0.010 600 3.570 3.800 13.31 29/09/2017 0.665 0.160 0.360 0.345 9679WD WCT-WD 0.355 Unch 670.5 2.050 1.710 0.73 11/12/2017
0.210 0.090 0.100 0.095 8664CV SPSETIA-CV 0.095 Unch 106 3.420 3.400 10.53 31/10/2017 0.570 0.165 0.355 0.345 9679WE WCT-WE 0.345 -0.010 943.1 2.050 2.080 18.29 27/08/2020
0.400 0.135 0.175 0.155 8664CW SPSETIA-CW 0.170 -0.005 805.8 3.420 3.400 6.87 29/12/2017 0.125 0.005 0.005 0.005 5246CP WPRTS-CP 0.005 Unch 200 3.650 4.400 20.96 31/07/2017
0.200 0.045 0.060 0.050 8664CY SPSETIA-CY 0.055 Unch 334.9 3.420 3.900 17.25 08/12/2017 0.930 0.490 0.805 0.740 7245WA WZSATU-WA 0.745 -0.035 128.5 1.190 0.500 4.62 28/10/2024
0.140 0.035 0.085 0.080 0129WA SRIDGE-WA 0.080 Unch 465.8 0.220 0.180 18.18 24/02/2023 0.220 0.020 0.155 0.150 5156WC XDL-WC 0.150 -0.010 252 0.260 0.160 19.23 02/07/2018
0.150 0.030 0.090 0.075 7143WA STONE-WA 0.090 Unch 8.5 0.275 0.300 41.82 21/06/2020 0.015 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 -0.005 6.5 0.035 0.100 200.0 22/03/2019
0.065 0.015 0.030 0.030 1201WA SUMATEC-WA 0.030 Unch 560.7 0.055 0.320 536.36 03/03/2021 0.110 0.035 0.065 0.065 0165WA XOX-WA 0.065 -0.005 1988.7 0.110 0.200 140.9 10/02/2019
0.060 0.020 0.025 0.025 1201WB SUMATEC-WB 0.025 Unch 7160.1 0.055 0.175 263.64 13/11/2018 0.105 0.060 0.090 0.090 7293CL YINSON-CL 0.090 0.005 90 3.500 3.300 4.57 22/08/2017
0.385 0.145 0.270 0.270 3743WA SUNSURIA-WA 0.270 -0.030 3 1.390 1.500 27.34 22/07/2020 0.185 0.050 0.075 0.075 7020WB YKGI-WB 0.075 Unch 195.8 0.225 0.500 155.56 28/05/2020
0.325 0.100 0.230 0.225 0148WA SUNZEN-WA 0.230 0.015 36 0.345 0.100 -4.35 14/04/2019 1.100 0.550 0.940 0.905 7066WA YONGTAI-WA 0.905 -0.045 133 1.360 0.500 3.31 24/06/2020
0.235 0.060 0.155 0.145 0148WB SUNZEN-WB 0.145 -0.010 1115.9 0.345 0.250 14.49 25/02/2021 0.100 0.050 0.050 0.050 4677C8 YTL-C8 0.050 Unch 335 1.480 1.500 4.73 29/12/2017
0.080 0.035 0.040 0.040 710626 SUPERMX-C26 0.040 Unch 670.1 2.000 2.200 16.00 31/10/2017 0.090 0.070 0.070 0.070 4677C9 YTL-C9 0.070 Unch 180 1.480 1.400 4.05 07/12/2017
0.155 0.060 0.100 0.090 710627 SUPERMX-C27 0.090 Unch 100.1 2.000 2.000 9.00 31/01/2018 0.115 0.075 0.080 0.075 6742C1 YTLPOWR-C1 0.075 -0.005 356 1.450 1.400 1.72 28/02/2018
0.220 0.155 0.165 0.165 7082WB SYF-WB 0.165 -0.005 296.9 0.535 0.700 61.68 11/11/2019 0.450 0.300 0.365 0.360 6742WB YTLPOWR-WB 0.360 -0.010 79.8 1.450 1.140 3.45 11/06/2018
0.365 0.125 0.285 0.285 1538WB SYMLIFE-WB 0.285 0.005 0.5 1.000 1.100 38.50 11/11/2020 0.125 0.040 0.060 0.050 2283WA ZELAN-WA 0.055 -0.005 43.3 0.145 0.250 110.34 25/01/2019
0.330 0.170 0.215 0.215 8524WB TALIWRK-WB 0.215 Unch 9.3 1.490 1.700 28.52 11/11/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T HU R SDAY JU N E 29, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Jun 23, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Canadian asylum delays
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE The number of delayed refugee hearings more than doubled within a year, according to
AEON CO. (M) (500,000) EMPLOYEES PROVIDENT FUND BOARD 107,360,400 20/6 government figures provided exclusively to Reuters, and is set to increase another 50 %
ASTRO MALAYSIA HOLDINGS (481,000) EMPLOYEES PROVIDENT FUND BOARD 323,094,100 20/6
AXIATA GROUP 1,666,300 EMPLOYEES PROVIDENT FUND BOARD 1,402,440,707 20/6
this year. Most of the hearings scheduled in the first four months of 2017 were
BARAKAH OFFSHORE PETROLEUM 48,620,500 UNITED POWER GROUP HOLDINGS LTD, 82,555,500 22/6 cancelled, with no replacement dates set.
HONG KONG
BERMAZ AUTO 646,000 EMPLOYEES PROVIDENT FUND BOARD 144,825,323 20/6
CAHYA MATA SARAWAK (1,215,100) DATO SRI MAHMUD ABU BEKIR TAIB 34,222,855 21 & 22/6
CAHYA MATA SARAWAK 2,322,300 LEMBAGA TABUNG HAJI 74,938,500 21 & 22/6
CAPITALAND (M) MALL TRUST 416,400 EMPLOYEES PROVIDENT FUND BOARD 182,326,100 20/6
CAPITALAND (M) MALL TRUST 2,919,600 KUMPULAN WANG PERSARAAN 186,456,500 20 & 21/6
(DIPERBADANKAN)
CIMB GROUP HOLDINGS 10,717,800 KUMPULAN WANG PERSARAAN 477,819,527 1, 2,5,6,7
(DIPERBADANKAN) 8,13,14,15,19/6
CSC STEEL HOLDINGS 579,000 LEMBAGA TABUNG HAJI 23,221,500 21 & 22/6
CYPARK RESOURCES 965,300 EMPLOYEES PROVIDENT FUND BOARD 21,620,000 14,15,16
& 20/6
DIALOG GROUP 3,212,100 EMPLOYEES PROVIDENT FUND BOARD 649,467,850 20/6
DIALOG GROUP (5,120,000) KUMPULAN WANG PERSARAAN 351,843,640 20 & 21/6
(DIPERBADANKAN)
DIGI.COM 1,613,800 EMPLOYEES PROVIDENT FUND BOARD 1,033,554,032 20/6
DRB-HICOM 1,797,900 EMPLOYEES PROVIDENT FUND BOARD 98,860,387 19 & 20/6
FEDERAL FURNITURE HOLDINGS (M) (899,000) DATO (DR) CHOY FOOK ON 71,530,100 20, 21
& 22/6
GAMUDA (1,168,600) EMPLOYEES PROVIDENT FUND BOARD 276,748,305 20/6
GAMUDA (320,800) KUMPULAN WANG PERSARAAN 126,895,100 20 & 21/6
(DIPERBADANKAN)
GENTING PLANTATIONS 610,500 EMPLOYEES PROVIDENT FUND BOARD 133,465,000 20/6
HARTALEGA HOLDINGS (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 120,457,600 20/6
HONG LEONG BANK (464,100) EMPLOYEES PROVIDENT FUND BOARD 258,992,821 20/6
IJM CORPORATION 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 534,958,958 20/6
INARI AMERTRON 5,810,500 KUMPULAN WANG PERSARAAN 168,802,050 20 & 21/6
(DIPERBADANKAN)
IOI CORPORATION 392,000 EMPLOYEES PROVIDENT FUND BOARD 591,887,973 20/6
JAKS RESOURCES 400,000 ANG LAM POAH 42,177,902 21 & 22/6
KUALA LUMPUR KEPONG (1,247,900) EMPLOYEES PROVIDENT FUND BOARD 163,710,326 20/6
MAGNA PRIMA (23,468,940) FANTASTIC REALTY S/B 45,092,884 19/6
MALAKOFF CORPORATION 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 599,500,933 19/6
MALAKOFF CORPORATION (2,479,100) KUMPULAN WANG PERSARAAN 408,598,334 20/6
(DIPERBADANKAN)
MALAYAN BANKING (1,479,000) AMANAHRAYA TRUSTEES 3,705,153,036 21/6
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 6,260,400 EMPLOYEES PROVIDENT FUND BOARD 1,265,336,292 20/6
MAXIS 4,070,000 EMPLOYEES PROVIDENT FUND BOARD 731,437,271 19 & 20/6
MISC 1,747,100 EMPLOYEES PROVIDENT FUND BOARD 285,520,872 5,6 & 7/6
MMC CORPORATION 2,000,000 LEMBAGA TABUNG HAJI 214,012,600 22/6
ONLY WORLD GROUP HOLDINGS 895,900 RICH DAD CAF 131,804,937 21 & 22/6
ORIENTAL HOLDINGS (464,100) EMPLOYEES PROVIDENT FUND BOARD 52,027,516 20/6
PANPAGES (13,000,000) LAU KOK FUI 22/6
POS MALAYSIA 483,500 EMPLOYEES PROVIDENT FUND BOARD 64,209,836 20/6
PPB GROUP (482,100) EMPLOYEES PROVIDENT FUND BOARD 107,086,925 20/6
SALUTICA (300,000) GENIUS THINKERS 23,890,000 22/6
SAPURA ENERGY (633,700) EMPLOYEES PROVIDENT FUND BOARD 643,884,344 20/6
SAPURA ENERGY 500,000 KUMPULAN WANG PERSARAAN 348,902,724 20/6
(DIPERBADANKAN)
SILK HOLDINGS (2,584,150) JOHAN ZAINUDDIN DZULKIFLI 99,878,126 22/6
SIME DARBY 546,100 EMPLOYEES PROVIDENT FUND BOARD 665,815,731 20/6
SIME DARBY 3,001,900 KUMPULAN WANG PERSARAAN 370,081,673 20 & 21/6
(DIPERBADANKAN)
SUNWAY 1,185,900 EMPLOYEES PROVIDENT FUND BOARD 115,909,291 20/6
TA WIN HOLDINGS (800,000) CHEN, HSI-TAO 20,647,398 23/6
TELEKOM MALAYSIA 2,379,500 EMPLOYEES PROVIDENT FUND BOARD 638,310,674 20/6
TENAGA NASIONAL 5,000,000 AMANAHRAYA TRUSTEES 347,386,000 21/6
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL 3,180,400 EMPLOYEES PROVIDENT FUND BOARD 750,002,242 20/6
Stocks closest to year high Stocks closest to year low
TIGER SYNERGY 530,000 DATO TAN WEI LIAN 344576400 20/6 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
XINGHE HOLDINGS (23,800,000) TESTA HOLDINGS LTD 1,221,155,000 23/6 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
YINSON HOLDINGS (491,600) EMPLOYEES PROVIDENT FUND BOARD 131,547,700 20/6 AJI 25.000 23.940 24.300 65.7 MEDIAC 0.525 0.515 0.515 399.8
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder ALCOM 2.270 2.110 2.230 2998.7 UMWOG-C17 0.020 0.020 0.020 10
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with IQGROUP 4.250 4.130 4.250 242.6 HSI-H2D 0.145 0.140 0.140 30
Bursa Malaysia. Note: * denotes Ace Market
HLBANK 16.300 15.800 16.000 2132.7 DAIBOCI-WB 0.305 0.305 0.305 0.1
PPHB 1.630 1.580 1.620 1180.6 HSI-H99 0.160 0.135 0.150 4135.5

Local events to watch out for today EFORCE

ASTRO-C4
1.230
0.055
1.210
0.050
1.210
0.050
897.2
716.4
HSI-H2C
KAREX-CW
0.390
0.020
0.340
0.015
0.390
0.020
3411.2
760
CIMB-C24 0.155 0.140 0.140 844.2 HSI-H2F 0.590 0.560 0.585 280
MERGE 0.415 0.375 0.390 698.4 HSI-H2I 0.810 0.755 0.795 104.8
Reach Energy Bhds annual general Lumpur at 10.30am.
ECONBHD-CD 0.095 0.090 0.095 100.2 MYEG-C20 0.120 0.115 0.115 255
meeting (AGM) at Ballroom 1, Sime Darby JcbNext Bhds AGM at Wilayah 1, 1st Floor, EKOVEST-CC 0.090 0.080 0.090 655.8 IJM-C5 0.085 0.055 0.085 1559.7
Convention Centre, 1A, Jalan Bukit Kiara 1, Prescott Hotel Kuala Lumpur Medan HAPSENG 9.350 9.100 9.150 1190.4 HSI-C1K 0.615 0.610 0.615 2000
Kuala Lumpur at 10am. Tuanku, 23 Lorong Medan Tuanku 1, SUPERLN 2.220 2.130 2.190 1420.6 UMWOG 0.485 0.465 0.475 1449.8
Mintye Bhds AGM at Mintye Corporate Off Jalan Sultan Ismail, Kuala Lumpur SIME 9.700 9.550 9.610 5306.9 TUNEPRO-CL 0.015 0.010 0.010 817.7
Headquarters, 175 Jalan Usaha 3, Taman at 11am. SAB 5.250 5.150 5.150 76.2 SENERGYC34 0.005 0.005 0.005 77.7
DAIBOCI-WB 0.305 0.305 0.305 0.1 AFG-CS 0.055 0.055 0.055 50
Perindustrian Air Keroh, Melaka at 10.30am. Tasco Bhds extraordinary general
PBBANK 20.660 20.260 20.260 5284 IJM-C4 0.065 0.055 0.065 100
TSR Capital Bhds AGM at Kiara Room, meeting at Lot No1A, Persiaran Jubli
Sri Damansara Club, Lot 23304, Persiaran Perak, Jalan 22/1, Seksyen 22, Shah Alam This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Perdana, Bandar Sri Damansara, Kuala at 3pm. could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI SPORE AUST MSIA CHINA BANGLH DENMK UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.640 0.727 0.698 0.567 0.952 1.008 1.008 0.958 3.1275 4.946 58.753 4.758 2.672 96,941 46.959 81.588 6.141 36.818 2.659 2.728 6.251 24.728 0.057
EURO 1.563 1.137 1.091 0.887 1.488 1.575 1.575 1.498 4.8880 7.730 91.825 7.436 4.176 151,510 73.393 127.514 9.597 57.543 4.156 4.264 9.770 38.647 0.089
US $ 1.375 0.880 0.960 0.780 1.309 1.385 1.385 1.317 4.2990 6.799 80.760 6.540 3.673 133,253 64.550 112.149 8.441 50.609 3.655 3.751 8.593 33.990 0.078
SWISS FR 1.432 0.916 1.042 0.812 1.363 1.443 1.443 1.372 4.4786 7.083 84.134 6.813 3.826 138,820 67.246 116.834 8.794 52.724 3.808 3.907 8.952 35.410 0.081
STERLING 1.763 1.128 1.282 1.231 1.678 1.776 1.776 1.689 5.5126 8.718 103.559 8.386 4.709 170,870 82.772 143.808 10.824 64.896 4.687 4.809 11.019 43.585 0.100
CANADA $ 1.050 0.672 0.764 0.734 0.596 1.058 1.058 1.007 3.2852 5.195 61.715 4.998 2.807 101,829 49.327 85.702 6.450 38.674 2.793 2.866 6.566 25.974 0.060
BRUNEI $ 0.993 0.635 0.722 0.693 0.563 0.945 1.000 0.951 3.1042 4.909 58.315 4.722 2.652 96,218 46.610 80.980 6.095 36.544 2.639 2.708 6.205 24.543 0.056
SINGAPORE $ 0.993 0.635 0.722 0.693 0.563 0.945 1.000 0.951 3.1042 4.909 58.315 4.722 2.652 96,218 46.610 80.980 6.095 36.544 2.639 2.708 6.205 24.543 0.056
AUSTRALIA $ 1.044 0.668 0.759 0.729 0.592 0.993 1.051 1.051 3.2638 5.161 61.313 4.965 2.788 101,165 49.006 85.143 6.408 38.423 2.775 2.847 6.524 25.805 0.059
MALAYSIA RM 0.320 0.205 0.233 0.223 0.181 0.304 0.322 0.322 0.306 1.0000 1.581 18.786 1.521 0.854 30,996 15.015 26.087 1.963 11.772 0.850 0.872 1.999 7.907 0.018
100 CHINESE RMB 20.219 12.937 14.709 14.119 11.471 19.248 20.370 20.370 19.374 63.2340 1,188 96.198 54.020 1,960,015 949.459 1,650 124.159 744.411 53.761 55.166 126.392 499.960 1.148
100 BANGLADH TAKA 1.702 1.089 1.238 1.189 0.966 1.620 1.715 1.715 1.631 5.3232 8.418 8.098 4.548 164,998 79.927 138.867 10.452 62.666 4.526 4.644 10.640 42.088 0.097
100 DANISH KRONER 21.018 13.448 15.290 14.677 11.924 20.009 21.176 21.176 20.140 65.7330 103.95 1,235 56.155 2,037,474 986.98 1,715 129.07 773.83 55.89 57.35 131.39 519.72 1.19
100 UAE DIRHAM 37.428 23.948 27.229 26.137 21.234 35.631 37.709 37.709 35.865 117.0560 185.12 2,199 178.08 3,628,293 1,758 3,054 229.84 1,378 99.52 102.12 233.97 925.50 2.12
1000 INA RUPIAH 0.010 0.007 0.008 0.007 0.006 0.010 0.010 0.010 0.010 0.0323 0.051 0.606 0.049 0.028 0.484 0.842 0.063 0.380 0.027 0.028 0.064 0.255 0.001
100 INDIA RUPEE 2.129 1.363 1.549 1.487 1.208 2.027 2.145 2.145 2.041 6.6600 10.532 125.113 10.132 5.690 206,435 173.741 13.077 78.404 5.662 5.810 13.312 52.657 0.121
100 JAPAN YEN 1.226 0.784 0.892 0.856 0.695 1.167 1.235 1.235 1.174 3.8333 6.062 72.012 5.832 3.275 118,818 57.557 7.527 45.127 3.259 3.344 7.662 30.308 0.070
100 NORWEGIAN KRONER 16.285 10.419 11.847 11.372 9.239 15.503 16.407 16.407 15.605 50.9300 80.542 957 77.480 43.509 1,578,637 764.715 1,329 599.564 43.301 44.432 101.799 402.679 0.924
100 PHILIPPINE PESO 2.716 1.738 1.976 1.897 1.541 2.586 2.736 2.736 2.603 8.4945 13.433 159.576 12.923 7.257 263,297 127.545 221.598 16.679 7.222 7.411 16.979 67.162 0.154
100 QATAR RIYAL 37.608 24.063 27.360 26.263 21.337 35.803 37.891 37.891 36.038 117.6197 186.007 2,210 178.936 100.482 3,645,766 1,766 3,068 230.944 1,385 102.613 235.098 929.962 2.135
100 SAUDI RIYAL 36.651 23.450 26.663 25.594 20.793 34.891 36.926 36.926 35.120 114.6247 181.271 2,153 174.379 97.923 3,552,932 1,721 2,990 225.063 1,349 97.454 229.112 906.282 2.080
100 SWEDISH KRONOR 15.997 10.235 11.638 11.171 9.076 15.229 16.117 16.117 15.329 50.0300 79.119 939.854 76.111 42.740 1,550,741 751.201 1,305 98.233 588.969 42.535 43.647 395.563 0.908
100 THAI BAHT 4.044 2.588 2.942 2.824 2.294 3.850 4.074 4.074 3.875 12.6478 20.002 237.599 19.241 10.805 392,034 189.907 329.945 24.834 148.894 10.753 11.034 25.280 0.230
100 HK$ 17.573 11.373 12.821 12.384 10.054 16.941 17.771 17.769 16.872 54.996 87.349 1,035 84.562 47.086 1,708,472 827.152 1,435 108.302 645.141 48.310 48.093 110.923 435.144
Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
THU R S DAY JU N E 29 , 20 17 T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures Euro/USD Klibor
Index points Open Interest Index points 1.58 Implied interest rate (%)
1.1369
1980 1,769.00 90000 18.00 7.50 (+0.0032) 4.5
(-13.00) (+1.00) 3.48
1.44 (Unch)
1785 68000 4.75
3.5
1.30
1590 46000 -8.50

1.16 2.5
1395 24000 -21.75

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 Jun 28, 2017 Jan 4, 2010 Jun 28, 2017 Jan 2, 2006 Jun 28, 2017 Oct 1, 2000 Jun 28, 2017

FBM KLCI futures FBM KLCI futures Euro surges to one-year high Klibor
contracts close lower INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
after ECBs Draghi speech MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,771.23 -8.22 92.3M The euro surged to a one-year high yesterday, JUL7 96.54
AUG7 96.53
Malaysia Derivatives closed lower yesterday JUN 17 1,769.00 -13.00 24,496 55,678 -1,880 adding to its biggest daily gain in more than a SEP7 96.52
JUL 17 1,776.50 -11.50 21,934 31,489 2,692
in line with the weaker equities market. year a day earlier following a change in tone DEC7 96.47
SEP 17 1,775.50 -9.50 113 349 -11
Spot month June 2017 fell 13 points to 1,769, DEC 17 1,775.50 -9.00 44 201 6
by European Central Bank (ECB) president MAR8 96.47
July 2017 lost 11.5 points to 1,776.5, September TOTAL Mario Draghi. JUN8 96.47
46,587 87,717 807
SEP8 96.47
2017 eased 9.5 points to 1,775.5 and December The hints in Draghis speech to a major DEC8 96.47
2017 slipped 9 points to 1,775.5. FUTURES ROLL OVER BID OFFER CLOSE central bank conference in Portugal convinced MAR9 96.47
Turnover quadrupled to 46,587 lots from JUN/JUL 8.0 7.0 7.5
investors that ECB policymakers are ready JUN9 96.47
last Fridays 10,533 lots while open interest FUTURES FAIR VALUE to start to withdraw the emergency stimulus SEP9 96.47
DEC9 96.47
doubled to 87,717 contracts from 42,201 CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE for the economy that has dominated policy- MAR0 96.47
JUN 17 3 0.31 0.24 0.07
contracts, previously. JUL 17 34 5.12 0.47 4.65
making for almost a decade. JUN0 96.47
The underlying benchmark FBM KLCI ROLLS FAIR 4.58
That provoked the banking worlds single SEP0 96.47
finished 8.22 points weaker at 1,771.23. biggest cheerleaders for a stronger dollar, DEC0 96.47
MAR1 96.47
Most southeast Asian stock markets ended Deutsche Bank, to abandon calls for a stronger
JUN1 96.47
lower yesterday tracking losses in Asian peers greenback and instead call the end to a dollar SEP1 96.47
following a weak handover from Wall Street, rally dating back to 2014. DEC1 96.47
while Vietnam rose as consumer staples and as index heavyweights HongKong Land In Asian and early European trade, the euro MAR2 96.47
utilities firmed up. Holdings and Jardine Matheson Holdings rose another 0.7%, adding to a 1.4% daily gain JUN2 96.47
TOTAL 0 0
Singapore shares edged down 0.1% fell 1.6% and 1% respectively. Agencies on Tuesday. Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.7300 155.00 1980
200000
0.3219
(RM3,049/tonne)
3450 5075 0.5475 121.25 1660
152500 44.10
(-0.14)
2700 105000 3750 0.3650 87.50 1340

1950 57500 2425 0.1825 53.75 1020

2,439 1,251.80
(-3) 2,439 (+6.50)
1200 10000 (-3) 0.0000 20.00 700
1100
Jan 6, 2008 Jun 28, 2017 Apr 10, 2007 Jun 28, 2017 Aug 31, 2008 Jun 28, 2017
Jan 6, 2008 Jun 28, 2017

Palm oil falls from one-week CPO futures Oil edges down on report of Commodities

top on rising production CONTRACT

JUL-17
LAST
2,585
CHANGE
-4
VOLUME
885
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,700 -260
higher US inventories AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,439 -3
RUBBER SEN/KG MRB 600.00 12.00
AUG-17 2,475 -4 7,009 30,913 -589
Malaysian palm oil futures reversed earlier Oil prices edged lower yesterday after an CORN USC/BSH CBOT 359.25 2.00
SEP-17 2,439 -3 21,241 69,432 -234
SOYBEANS USC/BSH CBOT 912.50 1.25
gains to fall in the second half of trade OCT-17 2,435 UNCH 9,471 30,977 -39 industry report said US inventories increased,
WHEAT USC/BSH CBOT 454.25 1.00
yesterday, dragged down by expectations NOV-17 2,442 1 6,270 40,743 1,134 reviving concerns that a three-year supply LIVE CATTLE USC/IBS CME 115.03 3.25
of rising production in the coming months. CPO FUTURES CPO/SOYOIL glut is far from over. COCOA US$/TON NYBOT 1,881 18
The ringgit, palms currency of trade, fell INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) The American Petroleum Institute (API) COFFEE USC/IBS NYBOT 125.80 0.50
JUL/AUG 110 -74.29
to its lowest level in a month against the US JUL/SEP 146 3 MONTHS AVERAGE -96.51
said on Tuesday US crude inventories SUGAR USC/IBS NYBOT 13.01 0.12
dollar yesterday morning.It was last 0.2% JUL/OCT rose by 851,000 barrels last week, while COTTON USC/IBS NYC 67.14 -0.57
150 6 MONTHS AVERAGE -90.50
down at 4.2960 per US dollar, its weakest AUG/SEP 36 analysts expected a decline. Inventories METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,450 50
levels since May 24. SGS & ITS EXPORT ESTIMATES (TONNES) of gasoline and distillates also increased, COPPER USC/IBS CMX 2.6465 -0.0080
The benchmark palm oil contract for SHIPMENT DAYS MAR17 APR17 MAY17 the API said. GOLD US$/TROY OZ CMX 1,251.80 6.50
September delivery on the Bursa Malaysia 1 - 10TH DAYS 250/254 312/307 359/347 There appears to be no end to the bearish PLATINUM US$/TROY OZ NYMEX 923.00 3.00
Derivatives was slightly down 0.1% to 1- 15TH DAYS 507/492 573/567 613/618
news on the oil market, said Carsten Fritsch, PALLADIUM US$/TROY OZ NYMEX 859.00 0.65
1 - 20TH DAYS 686/711 719/705 853/847
RM2,440 a tonne. 1 - 25TH DAYS 903/907 891/866 1,007/1,007
analyst at Commerzbank. This is likely to SILVER USC/TROY OZ CMX 16.78 0.19
The contract briefly hit RM2,464 a tonne, FULL MONTH add fuel to doubts that any process of market ALUMINIUM RMB/TON SHF 14,020 135
1,089/1,076 1,135/1,126 1,310/1,306
ZINC RMB/TON SHF 22,445 420
its highest level in slightly over a week, before MALAYSIAN PALM OIL BOARD tightening is underway.
falling to an intraday low of RM2,428, its FEB17 MAR17 APR17 MAY17 Brent crude was down eight US cents at ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 44.10 -0.14
weakest since June 22. PRODUCTION 1,258 1,464 1,548 1,655 US$46.57 a barrel. It reached a seven-month HEATING OIL USC/GAL NYMEX 1.4179 -0.0014
The outlook of rising production caused the EXPORT
STOCKS
1,107
1,459
1,554
1,266
1,283
1,600
1,506
1,558
low of US$44.35 on June 21. US crude fell 14 NATURAL GAS US$/MMBTU NYMEX 3.101 0.037
market to decline in later trade, said a trader. US cents to US$44.10. BRENT CRUDE US$/BBL ICE 46.57 -0.08
MPOB Palm oil physical
The most recent official data from the Reuters GAS OIL US$/TON ICE 422.75 -0.50
Malaysian Palm Oil Board showed output (IN RM/TON) JUN17 JUL17 AUG17

rose 6.9% in May to to 1.65 million tonnes CPO DELD

PK EX-MILL
2,622 NO TRADE NO TRADE
NO TRADE NO TRADE NO TRADE
Centrifuged Latex Rubber - Msia SMR 20
versus the previous month. CPKO DELD 4,213 NO TRADE NO TRADE Sen/Kg
Sen/Kg
Output in Indonesia, the worlds top producer, RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
also likely rose in May to 3.38 million tonnes RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE 543.50 600.00
from 2.9 million tonnes in April, according to RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+4.50) (+12.00)
1475
a Reuters survey earlier in June. MPOB FFB REF PRICE (MILL GATE PRICE)
In other related oils, soybean oil on the REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Chicago Board of Trade was down 0.4%, NORTH 20.00% 556 19.00% 531 18.00% 506
while the September soybean oil on the SOUTH 20.00% 575 19.00% 549 18.00% 523
500 625
Dalian Commodity Exchange rose 1.4%. CENTRAL 20.00% 560 19.00% 535 18.00% 509
The September palm olein contract was EAST COAST 20.00% 565 19.00% 540 18.00% 514 300 200
SABAH 22.00% 548 21.00% 524 20.00% 501 Jan 7, 2007 Jun 28, 2017 Jan 7, 2007 Jun 28, 2017
up 0.1%. Reuters SARAWAK 22.00% 555 21.00% 531 20.00% 508
 Markets
32 T HU R SDAY JU N E 29, 2 0 17 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 ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,771.23 8.22 FBM ACE 6,421.29 141.84 FTSTI 3,215.70 3.38 NIKKEI 20,130.41 94.68 HANG SENG 25,683.50 156.49 DOW JONES 21,310.66 98.89

Unless we remember we cannot understand. Market movers

E.M. Forster
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 PASUKGB 42,986.5 0.020 12.12 0.185 0.00
('000) (%) (RM) (RM) (RM) (RM) BORNOIL 33,108.1 UNCH UNCH 0.110 10.48 0.00
Index point
1789.0 PASUKGB 42,987 12.12 0.020 0.185 0.190 0.165 ARMADA 28,750.8 0.030 4.17 0.750 1.14
1786.5 TIGER 24,567 0.00 0.000 0.065 0.065 0.055 SENERGY 25,251.9 UNCH UNCH 1.570 74.06 0.64
1784.0 COMPUGT 20,562 0.00 0.000 0.035 0.035 0.030 TIGER 24,567.3 UNCH UNCH 0.065 0.00
1781.5 COMFORT 20,211 8.33 0.070 0.910 0.910 0.840 DNEX-WD 22,340.2 -0.005 -1.64 0.300 0.00
1779.0 SIGGAS 16,886 11.52 0.095 0.920 0.955 0.840 CIMB 21,958.6 UNCH UNCH 6.680 14.92 2.99
KLCI futures CAREPLS 15,676 4.94 0.020 0.425 0.430 0.405 COMPUGT 20,562.2 UNCH UNCH 0.035 0.00
1776.5
1,771.23 SKH 13,539 4.17 0.005 0.125 0.130 0.125 DNEX 20,267.3 -0.005 -0.84 0.590 4.15 0.84
1774.0
(-8.22) MJPERAK 9,653 12.82 0.050 0.440 0.445 0.400 COMFORT 20,210.9 0.070 8.33 0.910 9.66 0.00
1771.5 MLAB-WA 9,236 -11.11 -0.005 0.040 0.045 0.040
KL Composite Index DRBHCOM 18,839.7 0.040 2.29 1.790 1.14
1769.0 BORNOIL-WC 9,016 -10.00 -0.005 0.045 0.050 0.045 IRIS 17,925.9 0.010 5.88 0.180 0.00
1766.5 1,769.00
SUMATEC-WB 7,160 0.00 0.000 0.025 0.025 0.025 SIGGAS 16,885.9 0.095 11.52 0.920 34.23 1.45
(-13.00)
1764.0 OCR-PA 6,983 -6.45 -0.010 0.145 0.155 0.145 NEXGRAM 16,780.5 UNCH UNCH 0.045 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
SANICHI-WD 6,978 0.00 0.000 0.030 0.030 0.030 CAREPLS 15,675.6 0.020 4.94 0.425 72.32 0.74
ATTA-LA 6,734 -4.55 -0.020 0.420 0.455 0.410 NETX 14,523.1 UNCH UNCH 0.050 0.00
Daily FBM KLCI SENERGYC42 5,892 -25.00 -0.005 0.015 0.020 0.015 DIALOG 14,076.0 0.010 0.52 1.940 29.78 1.24
PUC-LA 5,217 0.00 0.000 0.090 0.095 0.085 SKH 13,539.0 0.005 4.17 0.125 42.86 0.00
KL Composite Index Moving average - 20-day ANZO 12,601.3 -0.005 -3.45 0.140 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,771.23 DRBHCOMC26 12,148.5 -0.005 -2.78 0.175 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(-8.22) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1425.0 1,780.35 FBM KLCI closes lower in tandem CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

with weak regional sentiment F&N

HLBANK
26.000
16.000
1.000
0.460
AJI
HLFG
24.300
17.000
-0.480
-0.300
1122.5 UMCCA 6.450 0.360 BAT 43.700 -0.300
DAIBOCI-WB 0.305 0.300 GENM 5.590 -0.240
KUALA LUMPUR: Share prices on Bursa Malaysia closed HENGYUAN 5.350 0.260 GENTING 9.500 -0.220
820.0 mostly lower in tandem with the cautious sentiment in the HEIM 18.180 0.220 EKOVEST-CC 0.090 -0.210
Jan 2, 2008 Jun 28, 2017 region following US Federal Reserve chair Janet Yellens AIRPORT 8.900 0.200 ASTRO-C4 0.050 -0.200
remarks that stock valuations are rich in the US. HARTA 7.190 0.200 PETGAS 18.720 -0.180
900
The FBM KLCI dropped 8.22 points or 0.46% to end the MAGNI 6.850 0.200 ECONBHD-CD 0.095 -0.155
IQGROUP 4.250 0.180 FBMKLCI-H2R 0.015 -0.140
trading day at 1,771.23 points. Trading volume was higher at
600 HCK 5.180 0.180 PBBANK 20.260 -0.120
1.4 billion worth RM1.85 billion yesterday compared ACCSOFT 0.780 0.165 GENP 10.960 -0.120
300 with 1.31 billion last Friday.
According to head of research at Etiqa Insurance and Top gainers and losers (ranked by percentage)
0
Takaful Chris Eng, market sentiment could also be dampened
Volume (mil)
by the global cyber attack and the US decision to postpone UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
the decision on the Obamacare repeal to after July 4.
FBM KLCI futures The selldown of the FBM KLCI yesterday is probably due DAIBOCI-WB 0.305 6000.00 FBMKLCI-H2R 0.015 -90.32

CONTRACT SETTLEMENT CHANGE HIGH LOW

to the news of the global cyber-attack and the potential new JETSON-WB 0.120 60.00 ASTRO-C4 0.050 -80.00
ARMADA-C26 0.050 42.86 EKOVEST-CC 0.090 -70.00
JUN 17 1,769.00 -13.00 1,783.00 1,768.50 roadblock for the repeal of Obamacare, said Eng. HARTA-CX 0.340 41.67 ECONBHD-CD 0.095 -62.00
JUL 17 1,776.50 -11.50 1,789.50 1,776.50 We can see some summer profit-taking activity ARMADA-C23 0.055 37.50 GDEX-CG 0.060 -60.00
SEP 17 1,775.50 -9.50 1,785.00 1,775.50
occurring, which is also a reason for the selldown, he ACCSOFT 0.780 26.83 SOP-CE 0.070 -53.33
added. MTOUCHE-WA 0.025 25.00 XINGHE-WA 0.005 -50.00
FBM KLCI sensitivity* Elsewhere in the region, Hong Kongs Hang Seng Index ARMADA-C27 0.055 22.22 SENERGYC34 0.005 -50.00
YFG 0.055 22.22 TUNEPRO-CL 0.010 -50.00
KLCI CHANGE CLOSE VOLUME dropped 0.61% and South Koreas Kospi fell by 0.39%.
POINTS (RM) (RM) ('000) ARMADA-C24 0.170 21.43 CIMB-C24 0.140 -41.67
HONG LEONG BANK 1.64 0.460 16.000 2132.7
Reuters reported that Japanese stocks wobbled yesterday AIRPORT-CR 0.350 18.64 MALAKOF-CT 0.015 -40.00
MAYBANK 0.52 0.030 9.630 9822.9 as tech shares followed their US counterparts down and as AIRPORT-CS 0.440 17.33 IJM-C4 0.065 -27.78
IOI CORPORATION -0.32 -0.030 4.450 1696.7 souring sentiment battered small caps, while large-cap bank
WESTPORTS HOLDINGS -0.34 -0.060 3.650 1833.6 shares benefited from a rise in global bond yields. Top gainers and losers - warrants (ranked by percentage)
MAXIS -0.37 -0.030 5.610 5979.9 The Nikkei share average shed 0.5% to 20,130.41 while
RHB BANK -0.40 -0.060 5.070 1741.1 UP CHANGE DOWN CHANGE
AXIATA GROUP -0.44 -0.030 4.910 5298.8
Topix declined 0.3%, with its drop mitigated by a 2% climb CLOSE (%) CLOSE (%)
AMMB HOLDINGS -0.54 -0.110 4.870 2487.4 in the banking index, Reuters added. by Anette Appaduray DAIBOCI-WB 0.305 6000.00 FBMKLCI-H2R 0.015 -90.32
HONG LEONG FINANCE -0.57 -0.300 17.000 162.7
World equity indices JETSON-WB 0.120 60.00 ASTRO-C4 0.050 -80.00
PETRONAS GAS -0.59 -0.180 18.720 475.9 ARMADA-C26 0.050 42.86 EKOVEST-CC 0.090 -70.00
MISC -0.59 -0.080 7.320 1523.9 CLOSE CHANGE CLOSE CHANGE HARTA-CX 0.340 41.67 ECONBHD-CD 0.095 -62.00
PETRONAS CHEMICAL -0.66 -0.050 7.100 4276.4
DOW JONES 21,310.66 -98.89 INDONESIA 5,829.71 11.16 ARMADA-C23 0.055 37.50 GDEX-CG 0.060 -60.00
PUBLIC BANK -0.77 -0.120 20.260 5284.0
S&P 500 2,419.38 -19.69 JAPAN 20,130.41 -94.68 MTOUCHE-WA 0.025 25.00 SOP-CE 0.070 -53.33
IHH HEALTHCARE -0.81 -0.060 5.920 2147.8
NASDAQ 100 5,671.60 -105.99 KOREA 2,382.56 -9.39 ARMADA-C27 0.055 22.22 XINGHE-WA 0.005 -50.00
GENTING -1.38 -0.220 9.500 3548.5
FTSE 100 7,434.36 -12.44 PHILIPPINES 7,857.18 -19.19 ARMADA-C24 0.170 21.43 SENERGYC34 0.005 -50.00
GENTING MALAYSIA -2.34 -0.240 5.590 8182.2
AUSTRALIA 5,755.70 41.50 SINGAPORE 3,215.70 -3.83 AIRPORT-CR 0.350 18.64 TUNEPRO-CL 0.010 -50.00
SUB-TOTAL -7.94
CHINA 3,173.20 -18.00 TAIWAN 10,390.55 -121.51 AIRPORT-CS 0.440 17.33 CIMB-C24 0.140 -41.67
OTHERS -0.28
HONG KONG 25,683.50 -156.49 THAILAND 1,582.63 -3.82 ACCSOFT-WA 0.610 17.31 MALAKOF-CT 0.015 -40.00
GRAND TOTAL -8.22
INDIA 30,834.32 -123.93 VIETNAM 769.04 1.53 DIALOG-C17 0.170 17.24 IJM-C4 0.065 -27.78
* How stock price changes affected the index on the previous trading day

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