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THURSDAY JULY 20, 2017 ISSUE 2454/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS France indicts two ex-bosses
in submarine graft case 13 H O M E
2

Chairman
of Valiram
passes away
NAZIR URGES GOVT
TO SCRUTINISE
BENEFITS OF
5 HOME BUSINESS

Prestariang sees
strong growth
CHINESE-LED
from SKIN
6 HOME BUSINESS
DEALS
Malaysians shoul
shouldld
June inflation
continues to ease get away from
on lower oil prices excitement over
7 HOME BUSINESS
everything that is
large and sexy.
Malaysian ports Sulhi Azman has the
throughput growth
to remain at low story on Page 4.
single digits RAM
22 F E AT U R E

Wanda becomes
liability for AMC
Hong Kong skyscrapers worlds
as China woes
sink shares
most expensive, says Knight Frank
9 PROPERT Y
2 T HUR SDAY JU LY 2 0 , 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
Chairman of Valiram
passes away
His entrepreneurial foresight steered the luxury brand to success
KUALA LUMPUR: The chairman of
the retail specialist group Valiram,
Datuk Jethanand Utumal Valiram
(pic), has passed away at the age
of 78.
The company said in a media
release that he died peacefully in
New York on Tuesday surrounded
by loved ones. He is survived by his
wife Datin Champa Kirpalani Vali-
ram, sons Sharan, Ashvin, Mukesh,
their wives and five grandchildren.
Mr Jethanand was the great
patriarch of the family whose en-
trepreneurial zeal and foresight has
seen the evolution of the Valiram
enterprise, the release said.
After the sudden death of his
father, Jethanand was only 16 business into yarn manufacturing
when he had to take over the run- and re-exporting of fabric.
ning of the familys textile trade In 1996, together with his sons, he
business. He later diversified the steered Valiram into lifestyle retail-
Mercedes launches luxury pickup
BY COLIN M CCLELLAND
JOHANNESBURG: Mercedes-Benz,
reeling from a massive recall over
concerns about diesel emissions, is
stretching its refined image with its
first-ever pickup truck, betting that
upscale car buyers are ready for an
open-bed hauler with leather seats,
oak trim and Autobahn handling.
The X-Class, priced starting at
37,300 (RM184,467) in Germa-
ny, will reach dealerships in the
brands home country starting in
November and then be rolled out
to South Africa, Australia and New
Zealand in 2018 and Latin America
the following year.
The Mercedes model will be
available initially with two diesel
options as well as a gasoline engine.
The top-of-the-line V6 diesel will
be available as of mid-2018.
Shareholders reject Hengans takeover oer for Wang-Zheng
BY W ONG EE LIN & S AM ANTHA HO
KUALA LUMPUR: Chinas Hengan
International Group Co Ltds uncon-
ditional mandatory takeover offer
for the remaining shares it doesnt
own in Wang-Zheng Bhd has been
rejected by the latters shareholders.
At an offer price of RM1.14 per
share, Hengan only obtained ac-
ceptances for 3,000 shares when the
offer closed yesterday, said AmIn-
vestment Bank in a notice issued
on behalf of Hengan.
That leaves Hengan with the
same 50.4% stake in Wang-Zheng,
which it acquired after buying 80
million shares in the company in
June from the then largest share-
holder, Wang-Zheng Resources
According to Mercedes-Benz, the new X-Class will be the worlds rst true premium
pickup truck. Photo by Bloomberg
Mercedes is targeting the midsize
pickup at wealthy clients who like
quad biking and sailing.
With the X-Class, we will open
this segment to new customer
groups, chief executive officer
Sdn Bhd, and three others.
On July 10, independent advis-
er Affin Hwang Investment Bank
Bhd deemed the takeover offer as
not fair and not reasonable and
advised shareholders to reject it as
Wang-Zheng shares were relatively
liquid and would remain traded on
Bursa Malaysia. It added that the
offer price represented a discount
of 25.49% to the then last traded
price of RM1.53.
Yesterday, Wang-Zheng shares
closed at RM1.38, with a market
capitalisation of RM218.84 million.
Meanwhile, Temasek Padu Sdn
Bhd has only managed to secure an
additional 59,279 shares represent-
ing a 0.01% stake via its takeover
offer for KUB Malaysia Bhd shares.
For breaking news updates go to
www.theedgemarkets.com
ing and opened the worlds first tex-
tile boutique at an airport. Valiram
Group is today one of the biggest
retailers of luxury lifestyle brands
headquartered in Kuala Lumpur
with operations in nine countries.
Up until his death, Mr Jethanand
remained involved in the business
as chairman and adviser (and) his
never-ending drive, determination
and commitment to the enterprise
is the standard that will stay with the
group, the company said.
Aside from business, Jethanand
supported the Lakshmi Narayan
Temple, the Lions and Rotary clubs
and was recognised as a leader of
the Sindhi community.
Eldest son Sharan said: He lived
a glorious life and went with much
dignity. He is a legend and his life
was a grand celebration.
Dieter Zetsche said in a statement.
Daimler anticipates that de-
mand for midsize trucks will
grow by 43% over the next dec-
ade to about 3.2 million vehicles.
Bloomberg
The offer for the KUB shares at
35 sen per share by Temasek Padus
indirect wholly-owned unit An-
chorscape Sdn Bhd closed yesterday.
Anchorscapes stake in the group
stands at 52.18% after including the
additional 0.01%, said Kenanga In-
vestment Bank Bhd in a statement.
Affin Hwang, in its independent
advice to KUB shareholders, had
advised them to reject the offer as
it is not fair and not reasonable
because the stock was trading at a
much higher price. It fixed the fair
value of KUB shares at RM1.59 each.
Temasek Padu had earlier exer-
cised its right to buy a 22.55% equity
interest in KUB from the Minister
of Finance Inc for RM43.91 million
or 35 sen per share.
IN BRIEF
Singtels NetLink
makes unsurprising
tepid debut
SINGAPORE: NetLink NBN Trust
units closed steady at their offer
price yesterday, although ana-
lysts said the muted debut is not
a surprise given the large size
of the listing and that the out-
look for Singapores initial public
offering (IPO) market remains
positive. The city-state has been
previously pegged as the likely
hotspot for IPOs in Southeast
Asia in 2017 with sales of stakes
in businesses and real estate in-
vestment trusts, as volatile cur-
rencies and weak investor senti-
ment curb deals elsewhere. The
US$1.7 billion (RM7.29 billion)
NetLink IPO, the largest in Singa-
pore in four years, is a shot in the
arm for the Singapore Exchange
that has been trying to attract
more big-ticket IPOs. Reuters
Transport ministry to
study exible road
tax payment
PUTRAJAYA: The transport min-
istry is keen to study the flexible
road tax payment system for
the future based on a motorists
driving records following the
recent liberalisation of motor
insurance tariffs. Its minister Da-
tuk Seri Liow Tiong Lai said the
initiative would benefit prudent
drivers based on their vehicle
condition, mileage and traffic
offence record. This flexible
road tax payment system is an
incentive from the government
to prudent drivers to reduce
their road tax rates, he told a
press conference after a sign-
ing ceremony of a collaboration
agreement between Atilze Dig-
ital Sdn Bhd and U Mobile Sdn
Bhd here yesterday. Bernama
Khazanah launches
RM581m block in CIMB
SINGAPORE: State-owned
investment firm Khazanah
Nasional Bhd has launched a
RM571 million to RM581 mil-
lion block in Malaysias CIMB
in the RM6.31 to RM6.42 per
share range. The price repre-
sents a 0% to 1.7% discount
to the pre-deal close. Around
90.5 million shares, or 1% of the
share capital, are being sold in
the block. There is undisclosed
upsize option depending on the
response to the offer. There is a
60-day lock-up on Khazanah,
which owns 29.1% of CIMB.
CIMB and JP Morgan are joint
bookrunners. Reuters
GUC to focus on Fourth
Industrial courses
PUTRAJAYA: A university col-
lege is to be set up in Malaysia
with courses dedicated to de-
sign-thinking focused on the
Fourth Industrial Revolution,
said Datuk Seri Najib Razak. The
prime minister said the setting
up of the so-called Genovasi Uni-
versity College (GUC) had the
approval of the higher educa-
tion ministry. The college would
reach out to a wider audience
and position Malaysia as a hub
to promote design-thinking, he
said in his speech at the Perdana
Putra Complex here. Bernama
4 HOME BUSINESS
Nazir urges govt to
scrutinise benefits
of Chinese-led deals
Msians should not get excited about everything large and sexy
BY SU LHI A ZMA N
KUALA LUMPUR: Prominent
banker Datuk Seri Nazir Razak
has called on the government to
scrutinise Chinese-led invest-
ments in Malaysia that are part of
the expansive One Belt, One Road
(Obor) initiative, particularly the
600km-long East Coast Rail Line
(ECRL) project.
Nazir, who is the chairman of
CIMB Group Holdings Bhd, the
country's second-largest lender
by assets, said the RM55 billion
ECRL project should be thoroughly
scrutinised as the project should
not be solely measured in terms
of investment scale, but also in its
value proposition.
I think it is very important
that we get away from this tradi-
tional Malaysian excitement for
everything that is large and sexy.
That is very dangerous, Nazir said
at the roundtable on "Chinas Belt
and Road Initiative in Asean: eco-
nomic opportunities and Asean
centrality" yesterday. The event
was organised by CIMB Asean Re-
search Institute in collaboration
with the Asean Business Club.
[The] ECRL is very beneficial,
no doubt about it. But are the ben-
efits, say [is it] worth RM10 billion
or RM60 billion? Thats a funda-
mental question. Just because it is
an Obor initiative and it [construc-
tion contract has been awarded] to
China; is Malaysia getting it at the
right price? he said.
Nazir suggested the govern-
ment, through the international
trade and industry ministry (Miti),
to come up with a measure that
takes into account the value of
the upcoming Chinese-led invest-
ments in the country.
CapitaLand sees unchanged NPI for 2017 amid poor consumer sentiment
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: CapitaLand Ma-
laysia Mall Trust (CMMT) expects its
net profit income for 2017 to be little
changed from 2016 due to poor con-
sumer sentiment and a flattish rental
reversion for leases up for review.
In the second half of 2017, the
prevailing cautious consumer senti-
ment will persist. Hopefully, it would
pick up towards the end of the year
(though) I dont see any improvement
in the cost of living at this juncture,
said Low Peck Chen, chief executive
officer of CMMTs manager, Capita-
(From left) Miti senior principal assistant director Unny Shankar, University of Malaya
research fellow Dr Zhang Miao, Asian Strategy and Leadership Institute chief executive ocer
Tan Sri Dr Michael Yeoh, Munir, and Nazir at the CIMB Asean roundtable meeting on Chinas
Belt and Road Initiative in Asean in Kuala Lumpur yesterday. Photo by Suhaimi Yusuf
You could find that [the estab-
lishment of ] Xiamen University
[campus in Sepang, Selangor] is
more valuable than the ECRL pro-
ject. There are various methodolo-
gies that can do this, he said, adding
that upcoming investments should
be focused on the crowding-out
effect, social and environmental
implications.
Nazir also questioned the pro-
jects loan repayment.
Are we generating enough tax
revenue to pay for it? Ive not seen
the cash flow. Otherwise it is going
to flush in the government fund and
suddenly, we are going to get a huge
debt pile, he said.
In November last year, Malaysia
had sealed a deal to build the ECRL
with China Communication Con-
struction Co Ltd, with financing via
soft loans from the Export-Import
Bank of China.
It was reported that the project
would have three phases from
Port Klang to the Integrated Trans-
port Terminal (ITT) in Gombak,
from ITT Gombak to Dungun, and
Land Malaysia Mall REIT Manage-
ment Sdn Bhd (CMRM).
Low said the flattish net property
income (NPI) growth projection ex-
cludes one of its Klang Valley prop-
erties, Sungei Wang Plaza, which re-
corded a rental reversion of -33.8%
in the first half of 2017 (1H17). We
hope to reduce it to 20% to 30% in
the second half. However, sales-wise,
there has been an improvement and
has stabilised year-on-year for the
first five months this year, she told
reporters after the release of CMMTs
second-quarter results yesterday.
For the quarter, CMMT posted a
from Dungun to Tumpat.
Nazir urged the government to
review the countrys negotiations
with China to ensure that Malaysia
will get the best out of the deal.
What are the lessons that we
have learnt across the 60 countries
that have experiences in negoti-
ating with the public and private
China, he said.
Nazir also noted that Malaysia
should learn lessons from the 1997
Asian financial crisis.
This year is the 20th anniver-
sary of the Asian financial crisis.
What caused it? It is the infrastruc-
ture debt. Isnt there a risk? This
(Obor) is going to create huge in-
frastructure debts in the 60 coun-
tries, he said.
Nobody will not dare not to
repay China. Therefore, the risk
will eventually end up in sover-
eign balance sheet and then we
have a problem. If this happens
in many countries, then we have
an Asian problem. That is one
caution that we need to bring to
the table, he added.
0.4% dip in NPI to RM59.8 million
from RM60 million a year earlier due
to lower contribution from its Klang
Valley shopping malls which was
mitigated by stronger performance
from Gurney Plaza in Penang and
East Coast Mall in Kuantan. Distribu-
tion per unit slipped 1% to 2.06 sen
from 2.08 sen in the second quarter
of 2016. Gross revenue fell 0.2% to
RM91.8 million from RM92 million
previously. For 1H17, NPI fell 0.9% to
RM119.5 million from RM120.6 mil-
lion a year earlier, while DPU dropped
1.4% to 4.14 sen from 4.2 sen. Gross
revenue eased 0.8% to RM184.3 mil-
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Dont get punch-drunk
over Belt and Road,
Munir urges Malaysia
BY S U LH I A Z MA N
KUALA LUMPUR: Malaysia should
not get punch-drunk in the Chi-
na-led US$80 billion (RM343.2 bil-
lion) Belt and Road Initiative and
believe the country will automatical-
ly benefit from it, said CIMB Asean
Research Institute (Cari) chairman
Tan Sri Dr Munir Majid.
The seasoned economist said like
any proposed investment, the Belt
and Road also known as the One
Belt, One Road (Obor) initiative
needs to be thorougly scrutinised to
ensure that it will be in Malaysias
best interest.
We must not be overwhelmed by
the sheer size of the Belt and Road
and think that good things are going
to happen automatically. We must
look at which part of it will work for
Malaysia, and inevitably for Asean,
Munir told reporters yesterday after
attending Caris Asean Roundtable
Series that was organised in collabo-
ration with the Asean Business Club.
Having said that, Munir acknowl-
edged that the Belt and Road will
provide the impetus to generate
greater economic value to Asean.
Themed Chinas Belt and Road
Initiative in Asean: economic oppor-
tunities and Asean centrality, the
roundtable was attended by over
60 participants comprising govern-
ment officials, business executives,
academicians and students.
According to the latest estimates
by Citi Research in a July 3 report,
Chinas investments in Malaysias
planned port and railway projects
over the next two decades could be
as much as RM400 billion or 32% of
the countrys expected gross domes-
tic product (GDP) in 2017.
Citi Research also noted that
these investments from China may
understate the extent of Chinese in-
volvement in the Malaysian econo-
my, but overstate the impact on GDP
growth or demand for the ringgit.
On rising Chinese investments
in Malaysia, Munir said it does not
matter whether the fund comes in
the form of debt or equity, as long
as the project works.
We should not have an aversion
insofar as the investment is con-
cerned, whether it is from China or
wherever, he said.
lion from RM185.7 million.
Low said some of the lease renew-
als could face renewal pressure, but
they would be dealt with on a case-
by-case basis. In the first quarter, the
rental reversion stood at -12.4%, she
said. For the second half, CMMT has
480 leases (with a gross rental income
of RM8.4 million) up for renewal. This
is out of 728 leases (RM12.3 million)
identified for renewal in 2017.
Besides Gurney Plaza and East
Coast Mall, CMMTs properties are in
the Klang Valley, namely The Mines,
Tropicana City Mall and City Office
Tower, and 62% of Sungei Wang Pla-
Referring to what happened
during the Asian financial crisis
1997/1998, Munir also said foreign
investment-led projects should be
able to generate the relevant cash
flow to service the debts raised.
The lesson [from the crisis] is,
when you take loans, not only must
you have the necesary cash flow,
but you must also have foreign-de-
nominated earnings to service the
debts, said Munir.
On whether debts from loan-
backed projects could raise the gov-
ernments contingent liability, Munir
said, the government must look at
its accounts to determine what it
can, or cannot sustain [the debts].
Meanwhile, Caris senior fellow
and managing director of Hong
Kong-based Asia Analytica Paul-
ine Loong noted that the private
sector particularly in China and
abroad has held back from the
Belt and Road, primarily due to the
lack of funding and prioritisation
of projects.
There is much hype around the
topic but little in the way of specif-
ics. A clear medium- to long-term
Belt and Road blueprint would go
a long way towards strengthening
the private sectors confidence and
making the initiative a success in
Asean and other countries involved,
she added.
Going forward, Munir said Ase-
an needs to carefully balance its
centrality with the economic gains
from the Belt and Road.
China, ranked by the Interna-
tional Monetary Fund as the worlds
largest economy by purchasing pow-
er parity, in 2015 invested close to
US$8.3 billion in Asean, according
to data compiled by Cari.
Data from Malaysia Investment
Development Authority (Mida)
showed that China is currently the
largest foreign investor in the coun-
try. In 2016, Mida approved a total
of 33 China-led projects valued at
RM4.8 billion, almost double 2015s
tally of 17 projects worth RM1.9
billion.
Last November, 14 business
agreements worth a record RM144
billion were signed between Malay-
sian and Chinese firms during Prime
Minister Datuk Seri Najib Razaks
official six-day visit to China.
za. It has a total net lettable area of
3.1 million sq ft. As at June 30, total
asset size amounted to RM4.1 billion
while total asset value stood at RM3.9
billion, with a property yield of 6.1%.
Low hoped to maintain CMMTs
occupancy level above 95% (it record-
ed a rate of 95.8% as at June 30) with
stable shopper traffic.
We will continue looking at re-
configuration opportunities of the
properties but our focus is on im-
proving our shopping mall offerings
and rewarding shoppers and buyers,
to improve footfall and not just im-
proving NPI, she said.
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Prestariang sees strong
growth from SKIN
Group expects it to contribute positively by FY21
BY N E I LY SYA FI QA H EU SOFF
KUALA LUMPUR: Information
and communications technolo-
gy firm Prestariang Bhd expects
strong earnings growth over the
next few years driven by the Na-
tional Immigration Control System
(SKIN) project, EduCloud platform
and its existing businesses.
SKIN and EduCloud are the
groups new businesses while
software, training and University
Malaysia of Computer Science &
Engineering are its existing busi-
nesses.
Prestariang chief executive of-
ficer (CEO) Dr Abu Hasan Ismail
said SKIN is a concession business
expected to contribute positively
to the group by its financial year
ending Dec 31, 2021 (FY21) and
beyond with stable and recurring
income.
By that time (FY21), obvious-
ly our top line and bottom line
will be good and positive. That
is where we actually will see the
money come in.
SKIN also serves as a catalyst
for the group to venture into the
regional market, he said at a me-
dia briefing yesterday.
Meanwhile, for FY18, Abu
Hasan said the group expects a
revenue growth of 25% for the
software and services segment
and up to 100% for training and
certification.
For the first quarter ended
Prestariang shares down 8.9% despite SKIN deal
BY A H M A D N AQ I B I D RI S
KUALA LUMPUR: Prestariang
Bhds share price dropped as
much as 8.9% yesterday despite
finally securing the concession
agreement for the National Im-
migration Control System (SKIN).
The counter closed 19 sen or
7.98% lower at RM2.19 yester-
day, following trades of 7.39 mil-
lion shares; it was down 21 sen
earlier to touch an intraday low
of RM2.17. The stock spiked to
RM2.38 on Monday, up 15% from
RM2.07 on July 4.
On Tuesday, Prestariang an-
nounced its 70%-owned subsidiary
Prestariang Skin Sdn Bhd (PSKIN)
had inked a 15-year concession
agreement with the government
for SKIN, based on a build, oper-
ate, maintain and transfer method.
The announcement of Prestar-
iangs 70% stake in the project
as opposed to full ownership
took AmInvestment Bank Bhd
by surprise, resulting in a down-
grade to its buy call on the stock
March 31, 2017 (1QFY17), Pre-
stariangs net profit climbed
5.93% to RM3.22 million from
RM3.04 million a year earlier.
Revenue rose 7.9% to RM43.9
million against RM40.69 million
in 1QFY16.
For SKIN, the group plans to
raise about RM1 billion via a sukuk
and term loan to fund the project,
for which the group has secured
a 15-year concession agreement
from the government.
We need RM1 billion. That is
why we are going to the market to
raise the money and even talking
to bankers.
We will be able to do it very
quickly simply because it is a good
project, as it is a concession busi-
ness with assured payment from
the government.
Abu Hasan said the group is
looking at issuing a sukuk and di-
rect term loan instead of a private
placement or rights issue
because the latter would
take a longer time.
Prestariang an-
nounced on Tuesday it
had inked the 15-year
concession agreement
with the government.
The RM3.5 billion
deal was signed by PSKIN
a wholly-owned unit
of Prestariang s
70%-owned
subsidiary
Prestar-
to hold, with a lower fair value
of RM2 per share.
AmInvestment Bank analyst
Lavis Chong said that the re-
search house had also factored
in a potential share dilution in its
downgrade, in the event Prestar-
iang carries out an equity-raising
exercise to fund the project.
Noting that Prestariang is con-
sidering an 80:20 debt-to-equity
ratio as the funding structure for
SKIN, AmInvestment estimated
that the project would require a
capital expenditure of RM900
million.
This means the group may
have to raise RM180 million in
equity. Assuming RM2 as the
offer price for its equity-raising
exercise, there would be a poten-
tial dilution from the issuance of
90 million new shares.
All in, the reduction in project
ownership from 100% to 70%,
coupled with the potential di-
lution from new share issuance,
has contributed largely to our re-
duction in fair value, he added.
iang Services Sdn Bhd and the
home affairs ministry.
SKIN CEO Raja Azmi Adam
said SKIN is a new border control
system to replace the current core
system used by the Immigration
Department of Malaysia called
MyIMMS.
It is a government-led initia-
tive, as the current system needs
to be refreshed and rebranded
because some of the technolo-
gies used are old and things have
changed, he said.
PSKIN will undertake the plan-
ning, design, financing, develop-
ment, customisation, supply, de-
livery, installation, configuration,
integration, interfacing, testing
and commissioning of SKIN, as
well as carry out maintenance
services on the system.
The initial phase from 2018
to 2020 is the development pe-
riod through a combination of in-
house as well as joint devel-
opments with key partners.
From 2021, mainte-
nance services will kick
in with most of the ser-
vices managed in-house.
It is considered as
Abu Hasan: We need RM1
billion. That is why we are
going to the market to
raise the money and
even talking to the
bankers. Photo by
Shahrin Yahya
Prestariang Bhd
RM
2.5
2.3
2.1
RM2.19
1.9
1.7
July 19, 2016 July 19, 2017
While CIMB Investment Bank
Bhd analyst Nigel Foo said the
SKIN development was positive
for the company, he too pointed
out that the reduced effective
stake was a negative surprise to
the research firm.
The remaining 30% of SKIN
will be owned by the three found-
ers and brains of the SKIN pro-
ject, it said, who are still working
HOME BUSINESS 5
zero risk for the government
through the build, operate, main-
tain and transfer method under
the public-private partnership,
said Abu Hasan.
Payment to Prestariang will
commence upon full commis-
sioning of SKIN, with an average
annual payment of RM294.7 mil-
lion for 12 years (from the fourth
to the 15th year) during the main-
tenance and technical operations
period.
Payment from the government
would only commence after three
years, upon the full commission
of the system, he added.
Meanwhile, he also explained
that EduCloud is a talent platform
to empower entrepreneurship, ed-
ucation and e-commerce.
The group has targeted to
launch a pilot project for Edu-
Cloud in the fourth quarter this
year in collaboration with promi-
nent cloud services providers such
as AliBaba Cloud, Amazon Web
Services and Microsoft.
EduCloud is targeted to be the
next phase of transformational
business and it acts as a catalyst
for the groups talent platform.
It (EduCloud) will also be new
potential revenue in future, he
said.
Prestariangs share price closed
19 sen or 7.98% lower at RM2.19,
with 7.39 million shares traded
and a market capitalisation of
RM1.06 billion.
for the SKIN project.
Prestariangs effective stake
in SKIN could fall further if the
company sells a direct stake in
SKIN. However, Prestariang has
indicated it would ultimately own
more than a 60% stake in SKIN,
wrote Foo in a note yesterday.
Nevertheless, he said the pro-
ject could potentially offer high-
er-than-expected construction
and concession earnings com-
pared with the research houses
previous forecast.
This is due to potential cost
savings as the government wants
a major part of the project to be
done locally, instead of in France
by Prestariangs main technology
partner, Thales Communications
& Security SAS, he said.
This could result in a high-
er-than-expected IRR (internal
rate of return) compared with
our earlier 13% IRR forecast,
said Foo.
As such, the bank kept its
add call on the stock with an
unchanged target price of RM3.
Bright Packaging
plans one-for-four
bonus issue
KUALA LUMPUR: Bright Packaging
Industry Bhd is planning to under-
take a bonus issue on the basis of
one bonus share for four existing
shares held (one-for-four), to re-
ward its shareholders and enhance
the trading liquidity of its shares.
The exercise will involve up to
55.49 million new shares, which will
be issued to shareholders whose
names appear in its record of de-
positors on an entitlement date to
be fixed, it said in a Bursa Malaysia
filing yesterday.
The proposed bonus issue will
be capitalised from its share pre-
mium and retained earnings, at 50
sen per bonus share, or RM27.74
million in total.
The exercise, in addition to
RM150,000 of estimated expenses,
could cancel out its share premium
which stood at RM15.58 million as
at Feb 28, and reduce its retained
earnings of RM17.22 million after
adding dividends paid by its subsidi-
aries yesterday to the unaudited bal-
ance as at Feb 28 by as much as
RM12.31 million to RM4.91 million.
As at yesterday, Bright Packag-
ing's issued share capital stood at
RM82.13 million comprising 164.26
million shares. On completion of the
exercise, this share base could rise
to as much as RM157.20 million,
comprising 277.47 million shares.
It expects the proposed exercise
to be completed by the third quarter
of this year.
Bright Packaging shares closed
0.5 sen higher at 31 sen, with a
market capitalisation of RM50.92
million.
Euro Holdings to
raise RM4.5m in
private placement
BY S UL H I A Z MA N
KUALA LUMPUR: Euro Holdings
Bhd has proposed to raise up to
RM4.5 million via a private place-
ment exercise to pay its contractors,
suppliers and consultants involved
in its condominium project in Alam
Damai, Cheras.
Estimated to have a gross devel-
opment value of RM215 million, the
322-unit Vista Damai project was
launched in March 2016 with com-
pletion expected within three years.
Euro Holdings said it will raise
the cash by issuing up to 24.3 mil-
lion shares, equivalent to 10% of its
issued and paid-up capital, which
will be at a discount of not more
than 10% that will be determined
at a later date.
The board, after having consid-
ered all aspects, is of the opinion
that the proposed private place-
ment is in the best interest of the
group and its shareholders, the
sofa maker and property developer
said in a filing with Bursa Malaysia.
Euro Holdings expects to com-
plete the corporate exercise within
the third quarter of this year.
Its share price closed down 0.5
sen or 2.5% at 19.5 sen yesterday,
with a market capitalisation of
RM47.39 million.
6 HOME BUSINESS
June inflation continues
to ease on lower oil prices
Economists expect Bank Negara to keep OPR at 3% till year end
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Malaysias head-
line inflation, as measured by the
consumer price index (CPI), mod-
erated to 3.6% year-on-year (y-o-y)
in June compared with 3.9% y-o-y
in May, on the back of lower en-
ergy prices.
On a month-on-month (m-o-m)
basis, the CPI eased for the third
straight month and stayed below
4% for the second month in a row.
Year to date, inflation was up 4.1%
from a year earlier. Transport price
inflation softened in June to 10.5%
y-o-y from 13.1% y-o-y in May, ac-
cording to the Statistics Department
in a statement yesterday.
The average price of one litre
of RON95 petrol was RM2 in June
2017 compared with RM1.70 in June
2016. As for RON97, the average
price increased to RM2.27 in June
2017 compared with RM2.05 in June
2016, it said. Fuels and lubricants
for personal transport equipment
accounted for 7.8% of the CPI.
Food and non-alcoholic drinks,
which contributed the most to the
CPI at 30.2% of its weightage in
June, saw a 4.3% y-o-y increase
from 4.4% in May, amid a slower
rise in the prices of food.
Besides lower fuel prices, Junes
easing was also due to moderate
food price and flat non-food prices,
MLabs share price seesaws after Chinese deal
BY SA MA N THA H O
KUALA LUMPUR: MLabs Sys-
tems Bhd shares were on a roll-
er-coaster ride yesterday, leaping
as much as 21.43% in early trade
before erasing gains to close 25%
lower than the previous day.
The group, which announced a
partnership with Beijing-based Red
Dragon Media Ltd on Tuesday, saw
its share price rise as much as six
sen to 34 sen in the first 30 minutes
of trading before retreating. At the
end of the days trading, it was down
seven sen at 21 sen, with a market
capitalisation of RM39.24 million.
Life insurance industry to chart high single-digit 2017 growth, says LIAM
KUALA LUMPUR: Malaysias life
insurance industry is poised to re-
cord high single-digit growth in new
business premiums in 2017, says
the Life Insurance Association of
Malaysia (LIAM).
President Toi See Jong said the
positive performance would be
mainly supported by the better eco-
said Ambank Group chief econo-
mist Anthony Dass.
Junes inflation data supports
our view that the central bank (Bank
Negara Malaysia or BNM) will not
reprice its 3% overnight policy rate
(OPR) anytime soon. We expect infla-
tion to average around 3.7% to 3.9%
in the second half (2H17) from the
4.1% average in the first half (1H17).
This brings the 2017 inflation
average to around 3.9% to 4% on the
back of our stable ringgit outlook
against the US dollar of 4.3 to 4.33
[in terms of] full-year average, and
average global crude oil prices for
2017 of around US$50 (RM214.50)
per barrel, said Dass.
However, he said there are still
risks inflation may rise further. The
risk of the ringgit weakening can-
not be ruled out. Global crude oil
prices could become more volatile.
The banks no-OPR-change as-
sumption suggests the economy
risks being in negative real returns
for 2017, he said. In the past, we
have seen a 25 basis points (bps)
rate hike when negative returns
lasted fairly long. For now, we main-
tain our 45% chance for a 25bps
rate hike sometime in the fourth
quarter of 2017, with room to raise
the probability should incoming
data justify such a need, he added.
Similarly, both RHB Bank and
CIMB Investment Bank believe
The counter was the most actively
traded on Bursa Malaysia yesterday
with 129.22 million shares done. The
stock has seen a surge in volume
since the beginning of the month,
consistently outdoing its 200-day av-
erage volume of 2.43 million shares.
On Tuesday, the multimedia
conferencing systems provider
announced it has entered into a
partnership with content-creation
company Red Dragon to bring in-
ternational intellectual properties
to China and Malaysia.
The initiative, expected to ex-
pand Malaysias animation and
augmented reality business, will be
nomic growth of the country.
Malaysias gross domestic prod-
uct is forecast to hit 4.3% to 4.9%
this year. So, the life insurance in-
dustry will grow in line with the
countrys economic growth, he
told reporters yesterday.
Last year, new business premi-
ums in the industry rose 6.9% year-
Malaysias CPI
6
5 ForexTime (FXTM)s research
4 m-o-m easing of the inflation level
3 improving price stability.
2 1.1
1 target, inflationary pressures may be
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
2016
Source: Reuters
the OPR would likely be kept un-
changed at 3% till year end, with
the latter noting that the brisk ta-
pering of headline inflation with
stable core inflation suggests that
demand-driven price pressures
are muted, hence relieving pres-
sure on the central bank to guard
against inflation.
Furthermore, the economy has
picked up, with the ringgit seeing
some stabilisation, said RHB Bank,
which expects inflation to average
3.5% in 2017, compared with 2.1%
in 2016, on account of generally
higher fuel prices compared with
last year, the removal of subsidies
on prices of selected administered
goods, [and] higher business costs
led by Red Dragon chief executive
officer and chief creative director
Walter A McDaniel, who was also
the lead artist for Marvels Deathlok
and Deadpool movies.
MLabs shares have been on a
downtrend since hitting a 10-year
high of 41 sen last Friday, which
had prompted an unusual market
activity query from Bursa. The group
saw its shares nearly quadruple by
30 sen from 11 sen on June 29.
Last Tuesday, MLabs said its
non-independent and non-exec-
utive chairman Dr Sureswaran Ram-
adass had sold 180,000 shares in
three tranches on the previous day.
on-year to RM9.75 million. Toi said
an online platforms implementation
on Jan 1 this year would help boost
the industrys growth.
The Life Insurance and Family
Takaful Framework introduced by
Bank Negara Malaysia has specified
that term products be available via
direct channels from Jan 1, followed
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
and weak ringgit translating into
higher import prices. CIMB kept
% y-o-y its full-year headline inflation fore-
cast at 3.5%.
analyst Lukman Otunuga said the
3.6 to 3.6% in June points to signs of
With consumer prices stabilis-
ing for the third month in a row and
falling within BNMs 2017 3% to 4%
March
April
May
June
a theme of the past, he said, adding
inflationary pressures may continue
2017
to ease further moving forward as the
ringgit continues to recover amid im-
proving sentiment and confidence
in Malaysias economy.
Core inflation, a measure of un-
derlying inflation, edged lower to
2.5% in June, from 2.6% in May.
Earlier this month, BNM said core
inflation will be sustained by more
robust domestic demand but is ex-
pected to remain contained.
If stronger domestic demand
and wage pressures tilt inflation
risks higher, this could trigger a
more hawkish tone from BNM, po-
tentially raising the OPR next year,
said UOB Malaysia economist Ju-
lia Goh.
Goh expects inflation to moderate
towards 3.2% to 3.4% in 2H17, bring-
ing full-year inflation to 3.6%, in line
with BNMs forecast of 3% to 4%.
MLabs Systems Bhd
Vol (mil) Sen
150 50
120
90
21 sen
60
30
0 0
June 23, 2016 July 19, 2017
Source: Bloomberg
by critical illness and medical and
health insurance or takaful products
by Jan 1, 2018.
However, Toi said premiums
contributed by the online plat-
form is still small at the moment.
As insurance policies are quite
complex, we believe agents still
play a vital role in explaining the
mTouche inks
partnership to
develop digital
media platform
BY S A MA N T H A H O
KUALA LUMPUR: mTouche
Technology Bhd has teamed up
with a software firm to jointly
develop and market a digital
media and infotainment plat-
form for information technol-
ogy and mobile channels.
The mobile services and dig-
ital media company said it has
signed a master collaboration
partnership with Advanced Plat-
form Sdn Bhd to develop soft-
ware-as-a-service and platform-
as-a-service offerings.
The entertainment-related
mobile platform, targeted at
mTouches existing customers
in Southeast Asian and Hong
Kong markets, is expected to
reach critical mass of more than
10 million users within five years.
The alliance between the
companies is expected to deliver
a continuous stream of offerings
i.e. services over 18 months, with
the first wave of offerings slated
for a phased release in the fourth
quarter of 2017, mTouche said
in a statement
Under the agreement, both
companies are expected to
make mutual commitments
and investments in technolo-
gy, product development and
marketing for the platform.
mTouche will invest addi-
tional resources and funding to
help accelerate time-to-market
for the platform, with specif-
ic cloud-based solution and
services for the media and en-
tertainment industry, it said.
As part of the commercial
cooperation, Advanced Plat-
form brings to the partnership
[an] extensive experience and
will offer mTouche the prov-
en CompuRex Dash advance
technology, [a] secured data-
base solution, artificial intelli-
gence data analytic tools and
other CompuRex Dash series
of solutions, it added.
mTouche executive director
Tang Boon Koon said the cur-
rent core business, offering val-
40 ue-added mobile services, will be
rapidly replaced as more people
30 use smartphones. Therefore, it
is the right timing for mTouche to
20
introduce a new innovative plat-
form, he said in the statement.
mTouche said the collabo-
10
ration on the innovative digital
media and infotainment plat-
form is expected to contribute
positively to its earnings for the
financial year ending June 30,
2018 onwards.
insurance products, he added.
He said educational and promo-
tional programmes are still needed
to raise awareness of insurance and
reduce the insurance protection
gap. LIAM targets to achieve a life
insurance penetration rate, which
stands at 55% now, of 75% by 2020.
Bernama
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Ports 2017 volume
growth to stay healthy
RAM expects it to remain at low single-digit levels akin to that in 2016
BY S UPR I YA SU REND RA N
KUALA LUMPUR: Malaysian ports
container and cargo-handling pros-
pects are likely to remain healthy
in 2017 in tandem with the gradu-
al global economic recovery, said
RAM Rating Services Bhd. The
rating agency expects throughput
growth to remain at the low sin-
gle-digit levels, akin to the modest
3% recorded in 2016.
Prospects for key national ports
including Westports Holdings Bhd,
Northport (Malaysia) Bhd and Pela-
buhan Tanjung Pelepas Sdn Bhd
remain stable, benefiting from the
strengthening [in] local and region-
al economic outlook, RAM co-
head of infrastructure and utilities
ratings Davinder Kaur Gill said in
a statement yesterday.
Nonetheless, in the immediate
term they are still vulnerable to the
effects of the current trend towards
protectionism and changes in ship-
ping alliances, she added.
RAM noted that while the glob-
al economy is gaining momentum
with world trade expected to ex-
pand 3.8% in 2017 against 2.2% in
2016 recent developments such
as Brexit and US President Donald
Angkasa, Xiddig MoU to enable
cooperatives participation in EM-IIG
BY E M I R Z A I NU L
KUALA LUMPUR: Angkatan Ko-
perasi Kebangsaan Malaysia Bhd
(Angkasa) has signed a memoran-
dum of understanding (MoU) with
Xiddig Cellular Communications
Sdn Bhd to enable cooperatives
under its aegis to participate direct-
ly in the governments Enhanced
Malaysia International Internet
Gateway (EM-IIG) project.
Angkasa president Datuk Abdul
Fattah Abdullah said under the
MoU, the cooperatives will be able
to invest in the governments initi-
ative, which could see a potential
investment of RM5 billion.
We (Angkasa) should be involved
directly in this to prove to the gov-
ernment that the cooperative sector
can contribute [to the economy] as
much as other sectors, and become
the main player in developing the na-
tions economy, he said in his speech
at the MoU signing ceremony be-
tween Angkasa and Xiddig yesterday.
Abdul Fattah said there are other
cooperatives that will not only be
involved as investors, but also as
contractors in the project.
The EM-IIG project, developed
by Xiddig, assists the government
to reduce the digital gap between
the rural and urban population via
Trumps protectionism rhetoric
have led to the question concerning
their impact on global trade flows.
However, Davinder said, Ma-
laysia continues to benefit from its
strategic location along the Straits
of Malacca, one of the busiest ship-
ping lanes in the world.
Malaysias throughput re-
mained resilient in 2016, with
container throughput recording a
10-year CAGR [compound annu-
al growth rate] of 6% while that of
cargo throughput came in at 5%.
At the same time, Malaysia han-
dled more than 25% of the contain-
ers passing through the Asean-5
nations Malaysia, Singapore,
Thailand, Indonesia and the Phil-
ippines and accounted for 3% of
the worlds container traffic.
While prospects for regional
trade expansion are still encour-
aging, Davinder said the long-term
growth of Southeast Asian ports
must be analysed in the context of
economic growth, the regions up-
coming new port capacity and the
newly formed shipping alliances
requirements.
Regional port expansion is un-
derway in Singapore, Malaysia, In-
donesia, Thailand and the Philip-
(From left) Abdul Rashid, Abdul Fattah, Dr Murtada Yasin from Interconnection
Establishment, and Royal Embassay of Saudi Arabia Kuala Lumpur commercial counsellor
Khalid S Halawani at the MoU signing ceremony between Xiddig and Angkasa for the
Enchanced Malaysia International Internet Gateway project. Photo by Suhaimi Yusuf
the provision of high speed broad-
band Internet. It involves four phas-
es three of which are expected
to complete within two years at a
cost of about RM850 million via a
private funding initiative.
The project involves the laying
of 150 terabyte undersea fibre op-
tic cables linking Peninsular Ma-
laysia, Sabah and Sarawak to the
IIG centre, thereby delivering a
higher quality and faster Internet
connection to international service
providers.
The submarine fibre-optic cable
pines, adding at least 100 million
TEUs (20-ft equivalent units) of new
container-handling capacity over
the next 20 years, with most of this
planned along the Straits of Malacca.
Though the new capacity will
provide opportunities in terms of
scale, there is a possibility of run-
ning into a supply glut and an ul-
tra-competitive situation if trade
growth does not keep pace.
Davinder added that the Straits
of Malaccas prominence vis--vis
global trade must be closely moni-
tored, especially with China pursu-
ing its ambitions through the One
Belt, One Road initiative.
From a funding perspective,
Davinder sees the Malaysian and
regional port sectors financing
needs would be massive if all the
expansion plans, announced ear-
lier, materialise in the near future.
However, we expect a gradual
roll-out. On this note, [the] domes-
tic funding needs in five years are
projected to hover around RM5
billion, factoring in the expan-
sion of Kuantan Port, Sapangar
Bay Container Port [in Sabah] and
Port of Tanjung Pelepas [in Johor],
deemed more definite than that of
the others.
link will be the biggest in range and
fastest in the world, said Xiddig di-
rector of operation Musa A Rahman.
Xiddig executive chairman Datuk
Seri Abdul Rashid Abdul Rahim said
the submarine optic cables will be
directly connected to five landing
stations in Malaysia in Bintulu,
Kota Belud, Pengerang, Kota Baru
and Batu Kawan.
Upon completion of the project,
Xiddig is looking to extend the con-
nection to Saudi Arabia, providing
high speed Internet to areas such as
Mecca, Medina and Jeddah.
HOME BUSINESS 7
NEWS IN BRIEF
CIMB Thai 2Q net prot surges 8.9
times on higher operating income
BY C HO NG J IN H UN
KUALA LUMPUR: CIMB Group
Holdings Bhds 94.11%-owned
subsidiary CIMB Thai Bank PCLs
second quarter (2Q) net profit
surged 8.9 times on higher net
interest income and foreign ex-
change (forex) transaction gains.
Net profit for the three
months ended June 30, 2017
(2QFY17) rose to 356.64 mil-
lion baht (RM44.95 million) from
39.89 million baht a year ago.
Quarterly operating income
also rose 2.5% to 3.25 billion baht
from 3.17 billion baht in 2QFY16.
The strong 2Q earnings have
helped the bank pushed net
profit for the cumulative six
months (1HFY17) to 477.84 mil-
lion baht, up 30.1% from 367.23
million baht in 1HFY16, due to
lower operating expenses and
provisions.
However, CIMB Thais oper-
ating income fell 1.6% to 6.38
billion baht from 6.49 billion
baht in 1HFY16, mainly driven
by the drop in other incomes of
41.7% from lower gains on trad-
ing and forex transactions and
net gains on investments.
This was largely offset by
growth in net fee and service
income of 21.5% from improve-
ments in corporate finance fees,
hire-purchase and mutual fund
fees, and an increase in net in-
terest income by 2.1% year-on-
year as a result of lower interest
expenses.
In a statement yesterday,
CIMB Thai president and chief
Petronas, PTT plan natural gas JV
BY C HO NG J IN H UN
KUALA LUMPUR: Petroliam Na-
sional Bhd (Petronas) and Thai-
lands PTT Plc have proposed
to jointly develop a natural gas
liquefaction facility in Malaysia
to grow PTTs midstream opera-
tions, the Bangkok Post reported
yesterday.
Quoting PTT chief operating
officer for upstream petroleum
and gas business Wirat Uanaru-
mit, the publication reported
that PTT was expected to own
10% in the joint venture (JV).
Chairman sells 2.93% of Crest Builder
BY AHM A D N AQ IB ID R IS
KUALA LUMPUR: Crest Build-
er Holdings Bhd non-execu-
tive chairman Tengku Datuk
Sulaiman Shah Tengku Abdul
Jalil Shah has disposed of five
million shares, representing a
2.93% equity stake in the com-
pany, over the past two days.
According to a filing with Bur-
sa Malaysia, the shares were
sold by his privately-held vehicle
Pertiwi Positif Sdn Bhd via two
blocks of three million and two
million shares at RM1.03 per
executive officer Kittiphun Anu-
tarasoti said its half year perfor-
mance was satisfactory.
Net profit improved due to
better net interest margin (NIM)
and lower operating expenses
and provisions, while operating
income held relatively steady.
Gross loans contracted slightly
due to general corporate loan
repayment and portfolio recali-
bration. Asset quality has also
improved.
Our consumer, wholesale
and treasury businesses per-
formed well and [the] commer-
cial [unit] has shown positive
growth traction post recalibra-
tion. We are on track to turn prof-
itable in FY17, said Kittiphun.
The banks improved cost
controls brought about a 2%
decline in operating expenses
in 1HFY17, while provisions de-
clined 6.2%.
NIM over earning assets
stood at 3.81% in 1HFY17 com-
pared with 3.79% in 1HFY16, as
a result of more efficient man-
agement of funding costs, he
added.
Kittiphun also pointed out
the banks gross non-performing
loans (NPL) stood at 11.3 billion
baht, with an equivalent gross
NPL ratio of 5.4% from 6.1% as
at Dec 31, 2016.
The lower NPL ratio was
mainly due to the sale of some
NPLs in 1QFY17, more efficient
risk management policies, con-
tinued resolution of the banks
NPLs and improvements in loan
collection processes.
Wirat said the two companies
made a tentative agreement last
month, with PTT expected to
hold 10% of the JV.
He said PTT had set up a new
company, PTT Global LNG Co,
to invest in the project.
All details and project fi-
nances are expected to be in
place by the third quarter of
this year, when construction is
also expected to start, the re-
port added.
Petronas had not issued a me-
dia statement on the matter at
the time of writing.
share, totalling RM5.15 million.
Following the sale, Tengku
Sulaiman Shahs indirect inter-
est in the company stood at 1.8
million shares or 1.059%.
According to Bloomberg data,
Pertiwi Positif was previously
the third-largest shareholder
of Crest Builder, after SC Yong
Holdings Sdn Bhd (39.03%)
and Koperasi Permodalan Fel-
da (4.37%).
Crest Builders share price
closed unchanged at 1.08 yester-
day, with a market capitalisation
of RM182.64 million.
8 ST O C KS W I T H M O M E N T U M
GREEN OCEAN CORP BHD (-ve)
SHARES in Green Ocean Corp Bhd (funda-
mental: 0.55/3, valuation: 0/3) triggered our
stocks with momentum algorithm yesterday
for the third time this year. The stock closed
up 9.09% or 1.5 sen higher at 18 sen, with
12.55 million shares done versus the coun-
ters 200-day average of 1.15 million shares.
The company is mainly involved in in-
formation and communications technology
services. It also operates an integrated palm
kernel crushing facility in Klang.
GREEN OCEAN CORP BHD
NATIONWIDE EXPRESS HOLDINGS BHD (+ve)
SHARES in Nationwide Express Holdings
Bhd (fundamental: 0.95/3, valuation: 0/3)
triggered our stocks with momentum al-
gorithm yesterday for the third time this
year. The stock closed up 5.13% or four sen
higher at 82 sen, with 1.72 million shares
traded versus the counters 200-day average
of 234,823 shares.
The company is a courier service provid-
er. It also offers freight forwarding services.
NATIONWIDE EXPRESS HOLDINGS BHD
TFP SOLUTIONS BHD (+ve)
SHARES in TFP SOLUTIONS Bhd (funda-
mental: 0.95/3, valuation: 0/3) triggered our
stocks with momentum algorithm yesterday
for the fifth time this year. The stock closed
down 4.88% or one sen lower at 19.5 sen,
with 3.33 million shares changing hands
compared with the counters 200-day av-
erage of 209,701 shares.
The company is an information and com-
munications technology software services
provider. It is marketed towards small and
medium enterprises in setting up software
TFP SOLUTIONS BHD
T HUR SDAY JU LY 2 0 , 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
For its fourth financial quarter ended
March 31, 2017 (4QFY17), Green Ocean
made a net profit of RM790,000, up 16% from
RM682,000 a year ago, on higher profit mar-
gins from trading activities.
Malaysias 2017 palm oil
Quarterly revenue fell 19% to RM58.88 mil-
lion from RM72.30 million in 4QFY16, main-
ly due to lower trading activities in palm oil
output seen below record
products and a low level of crushing activities.
At the current share price, Green Ocean is
trading at 2.57 times its book value.
2015 levels industry
Valuation score* 0.00 BY E M I LY C HO W oil prices, which have shed nearly 20% this
Fundamental score** 0.55 year. Palm oil was little changed at RM2,508
TTM P/E (x) 314.93 KUALA LUMPUR: Malaysias palm oil at the midday break yesterday.
TTM PEG (x) (6.25) output is on track to rebound this year Palm oil production typically peaks in
P/NAV (x) 2.12 after an El Nino-affected 2016, but will August or September, but could be pushed
miss earlier forecasts that it could match back to October this year as the lingering
TTM Dividend yield (%) -
2015s record high, according to traders, impact of last years El Nino dry spell pushes
Market capitalisation (mil) 43.46 planters and analysts. back seasonal weather patterns.
Shares outstanding (ex-treasury) mil 263.37 Leading analysts and industry figures in Peak production should be in October...
Beta 1.46 March forecast 2017 output in the worlds at around two million tonnes, Ng said.
12-month price range 0.07-0.19 second- largest producer after Indonesia Weaker-than-expected production num-
*Valuation score - Composite measure of historical return & valuation at 19.9 million to 20 million tonnes, in line bers would also cap stockpiles in Malaysia,
**Fundamental score - Composite measure of balance sheet strength with 2015s 19.96 million tonnes. Howev- unless demand weakens significantly.
& protability er, eight respondents surveyed by Reuters End stocks at the peak will not exceed
Note: A score of 3.0 is the best to have and 0.0 is the worst to have forecast output this year at between 18.7 two million tonnes, said a manager with a
million tonnes and 19.5 million tonnes, Malaysian plantation company, who expects
up around 10% from 17.3 million tonnes stockpiles to peak in November or Decem-
in 2016 but below the record high. ber. I expect stocks to continue to be tight
Production is not so robust. There will for the rest of the year, he added.
be increases but not a full-blown recovery. Shipments of the tropical oil are likely to
For its fourth financial quarter ended Indonesian output looks to be stronger as rise ahead of major festivities in top buyers
March 31, 2017 (4QFY17), the company it has younger estates, said Ivy Ng, region- India and China, who will celebrate Deepav-
saw net loss widen to RM6.3 million from al head of plantations research at CIMB ali and the Mid-Autumn Festival in October
RM3.92 million a year ago, mainly due to Investment Bank. respectively.
lower business volume of the courier seg- Expected labour shortages at Malay- Demand for palm oil, however, depends
ment. Quarterly revenue, however, rose to sian plantations, especially during the on its competitiveness with rival oilseed soy.
RM23.58 million from RM21.06 million in output peak in the fourth quarter, would Supply for soy is not short. It will still be
4QFY16. also impact output, Ng said. the key competing oil for palm. The weather
At the current share price, Nationwide Lower-than-anticipated Malaysian pro- issue [in the US] is a factor for palm to watch
Express is trading at 0.01 times its book value. duction could support benchmark palm out for, said Ng. Reuters
Valuation score* 0.00
Fundamental score** 0.95
TTM P/E (x)
TTM PEG (x)
-
-
Urgent corrective action needed to
P/NAV (x)
TTM Dividend yield (%)
2.35
-
catalyse debit card usage in Malaysia
Market capitalisation (mil) 93.78 BY S U P RI YA S U RE NDRA N Frost & Sullivan confirmed the findings
Shares outstanding (ex-treasury) mil 120.23 of BNM and MasterCard, and said it expects
Beta 0.43 KUALA LUMPUR: Urgent corrective ac- the number of debit cards in Malaysia to
12-month price range 0.22-0.87 tion is required to catalyse debit card reach 45.5 million with a total transaction
*Valuation score - Composite measure of historical return & valuation usage in the Malaysian retail industry, value of RM25.6 billion in 2017. The firm
**Fundamental score - Composite measure of balance sheet strength according to business consulting firm had recently conducted a survey on the us-
& protability Frost & Sullivan. age of debit cards in Malaysia. The survey
Note: A score of 3.0 is the best to have and 0.0 is the worst to have In a statement yesterday, Frost & Sulli- revealed that if the respondent had used
van noted that debit card transactions ac- a debit card in the past but not during the
counted for approximately 4%, or RM22.5 period of January to March 2017, there is
billion, of the US$123 billion retail mar- a 50% chance of them not using it at all,
ket in Malaysia in 2016, while credit card indicating a very high dropout rate.
transactions represented nearly 22% at The prospects get worse when people
for business processes. RM118.5 billion. Credit cards are held who have never used a debit card before
For its first quarter ended March 31, 2017 by less than 29% of the adult Malaysian are taken into account.
(1QFY17), the company made a net profit population whereas 92% have at least Frost & Sullivan digital transformation
of RM2,000, recovering from a net loss of one deposit account, of which 90% are industry principal Quah Mei Lee said that
RM62,000 a year ago. active accounts. so far, the attention has been focused on
Quarterly revenue fell by close to 3% to This means that an estimated 83% or building acceptance of debit cards and not
RM9.66 million from RM9.94 million in more of the adult population now has a on incentivising and increasing its use. Our
1QFY16, attributed mainly to the informa- debit card on hand. survey reveals the importance of imme-
tion technology infrastructure and enterprise Yet, the per capita debit card trans- diately incentivising first-time use so that
solutions business. action was only 3.5 in 2016, which is very banks and debit card acquirers can unlock
At the current share price, TFP Solutions far from the national target of 30 by 2020, the potential of these cards. Cash back on
is trading at 2.79 times its book value. the firm said. debit card use is already being implement-
Frost & Sullivan said on average, each ed though its impact has been narrow due
Valuation score* 0.00 debit card was used 2.46 times a year in to limited reach, she said.
Fundamental score** 0.95 2016, a stark contrast to the average of Quah added that the demand for debit
TTM P/E (x) - 41.8 for credit card usage. However, the cards as an online payment method holds
TTM PEG (x) - firm said the ratio of per capita credit significant potential, which the industry is
P/NAV (x) 3.19 card transaction to per capita debit card yet to leverage. Stakeholders need to fos-
transaction has dropped from 6.7 in 2013 ter a more user-friendly online experience
TTM Dividend yield (%) -
to 3.6 in 2016. for customers.
Market capitalisation (mil) 41.78 Recent Bank Negara Malaysia (BNM) If the required corrective action is taken,
Shares outstanding (ex-treasury) mil 203.78 statistics and the MasterCard Online self-checkout, mobile payments, and online
Beta 0.57 Shopping Study 2017 also showed growth transactions could become the norm in the
12-month price range 0.10-0.21 in debit card use at a compound annual Malaysian retail experience. Users will also
*Valuation score - Composite measure of historical return & valuation growth rate of 25.1% and 22.3% in trans- adopt debit cards for smaller ticket items,
**Fundamental score - Composite measure of balance sheet strength action volume and value respectively over making it the preferred non-cash payment
& protability the past two years. method for everyday payments, said Quah.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Worlds most expensive
Knight Frank says Hong Kong skyscrapers cost the most
BY POOJA THAKUR
SINGAPORE: Skyscrapers in
Hong Kong are the worlds most
expensive commercial real-es-
tate assets, according to Knight
Frank LLP.
Hong Kong skyscrapers are
worth US$8,000 (RM34,320) per
square foot, about 60% more than
Tokyos tall towers, according to
a Knight Frank report released
yesterday.
The analysis used rents and
prime yields to value commercial
towers as of the fourth quarter
of 2016.
Capital values of Asias tallest
towers showed significant diver-
gence with Hong Kong sitting
at the top, and Mumbai at the
bottom of the global rankings,
Nicholas Holt, head of research
for Asia-Pacific at Knight Frank,
said in the report.
In Hong Kong, strong demand
and a lack of new land supply
continue to push values higher,
while the structure of the Mumbai
office market has tended to see
Guangzhou offers incentives to boost home rental market
BY YAW E N CHEN & RYA N WO O
BEIJING: The southern Chinese
boom town of Guangzhou has an-
nounced a flurry of incentives to
boost its home rental market as a
year-long property boom makes
new housing less affordable.
The move comes as Chinas gov-
ernment spearheads a drive to sup-
port rental supply to help rein in hot
property prices and satisfy housing
demand.
While property prices have shot
up, driven by speculation and de-
office markets develop outwards
rather than upwards.
Henderson Land Develop-
ment Cos recent US$3 billion
acquisition of a five-storey car
park in Hong Kong, where it plans
to build an office tower, under-
mand from a growing middle class,
Chinas rental market has long been
underdeveloped and largely re-
mained unregulated, with rental
yields easing to multi-year lows.
Guangzhou, one of the countrys
biggest cities, is offering a host of
sweeteners for renters including
equal education access, tax cuts
and monetary support.
Children of tenants, many of
whom are migrants working in the
megacity of 14 million people, will
be given the right to attend a school
near the rented property.
scores the frenzied state of the
citys property market, Knight
Frank said.
The sale sets the worlds most
expensive city even further apart
from its rivals, according to the
report.
Home ownership is a key re-
quirement in Chinas school allo-
cation system, as policies dictate
school enrolment to be largely de-
termined by the location of the stu-
dents home. It has led to sky-high
property prices in better school
districts.
The city has also slashed and
even eliminated value-added taxes
in some cases for registered com-
panies and individuals operating
or involved in the residential rental
business.
The details were released by the
Savills has set an indicative
price of HK$24.5 billion (RM13.5
billion) for the sale of Langham
Place Office Tower in Hong Kongs
Mong Kok district, which would
be a record for an office building
in the city. Bloomberg
city government late on Monday.
The steps drew both praise and
brickbats in online media, with
some critics saying the measures
would only fuel rental prices.
Like many other big Chinese
cities, Guangzhou has rolled out
various property curbs since early
last year to drive out speculators,
including banning buyers from
reselling newly bought properties
before holding them for two years.
Still, Guangzhous new home
prices in June rose 17.8% from a
year earlier. Reuters
P R O P E RT Y 9
IN BRIEF
Koh Brothers, Heeton Land
sell o JV Buildhome
SINGAPORE: Construction and
engineering firm Koh Broth-
ers Group, together with an-
other stakeholder, has sold
off joint venture (JV) Build-
home Pte Ltd for S$41.6 mil-
lion (RM130.4 million), accord-
ing to a report by The Business
Times. Mainboard-listed Koh
Brothers wholly-owned sub-
sidiary, Koh Brothers Develop-
ment Pte Ltd, and Heeton Land
Pte Ltd, which is wholly-owned
by Heeton Holdings Ltd, have
sold their respective 50% stakes
in Buildhome to Singapore-in-
corporated Central Core Pte Ltd,
said Koh Brothers in a filing with
Singapore Exchange yesterday
evening after the market closed,
added The Business Times.
New York Citys biggest
foreclosure halted
NEW YORK: New Yorks big-
gest-ever foreclosure auction,
for a penthouse at the One57
luxury tower near Central Park,
has been cancelled after a
new creditor emerged saying
its owed money for about
US$83 million (RM356.07 mil-
lion) worth of gasoline and
jet fuel by the owner of
the apartment. Unit 79 at the
Billionaires Row tower was
scheduled to be sold at auction
today, in a seizure forced by a
Luxembourg lender seeking to
recoup an unpaid US$35.3 mil-
lion mortgage. Bloomberg
Brexit uncertainty to hit
UK housing market PwC
LONDON: The UK housing
market will cool this year as
uncertainty around Brexit
hits the economy, according
to PricewaterhouseCoopers
LLP (PwC). Home-price infla-
tion will slow to 3.7% from 7%
in 2016, and London will be
the most severely impacted,
PwC said in a report published
on Tuesday. Economic growth
overall is likely to moderate to
1.5% this year and 1.4% in 2018,
PwC said. Bloomberg
10 B R O K E R S C A L L
KLK expects healthy growth
in FFB harvest for FY17
Kuala Lumpur Kepong Bhd
(RM24.72, July 19)
Maintain hold with unchanged tar-
get price (TP) of RM26.19: Key take-
aways from our recent meeting with
Kuala Lumpur Kepong Bhds (KLK)
management are that the group is
expected to see a healthy growth in
fresh fruit bunch (FFB) harvest for
its financial year ending Sept 30,
2017 (FY17), with the downstream
business, however, expected to re-
main challenging. The group is on the
lookout for new plantation land, and
mergers and acquisitions (M&As).
There is no change in manage-
ment guidance that FFB production
for FY17 is expected to increase by
10% to 12% year-on-year (y-o-y),
mainly due to recovery in FFB pro-
duction in Peninsular Malaysia and
Indonesia.
For the first nine months of FY17,
the FFB production growth has al-
ready reached 10.6% y-o-y to 2.9 mil-
lion tonnes. The cumulative growth
has turned positive since January
this year, and is on an upward trend.
However, production in Sabah re-
mained subdued since October 2016
as production was badly hit by the
prolonged El Nino dry spell last year.
In May 2017, it had seen a marginal
improvement of 0.5% y-o-y growth.
For the following financial year
Axiata seen to remain profitable
Axiata Group Bhd
(July 19, RM4.68)
Maintain buy with unchanged fair
value of RM6.30: We are neutral
on the decision by Axiata Group
Bhd, Singapore Press Holdings Ltd
and Keppel Telecommunications &
Transportation Ltd to not proceed
with the strategic review of their
stakes in SGX-listed M1 Ltd.
Axiata, which has a 28.5% stake
in M1 and accounts for 3% of group
sum-of-parts, said that the propos-
als from interested parties have
not met the minimum criteria and
parameters determined by the
majority shareholders.
Hence, no agreement has been
reached to its earlier plan to dis-
pose of its stakes in M1.
In March this year, Morgan Stan-
ley Asia (Singapore) was appointed
financial adviser to assist with the
strategic review of its M1 stakes.
The unsuccessful sale is likely
due to low market valuations at-
tached to M1, which registered a
21% year-on-year (y-o-y) drop in
the second quarter of financial
year 2017 net profit as a result of
lower average revenue per user
amid higher depreciation and sub-
scriber acquisition costs.
While consensus expects M1s
net profit to decline by 7% in FY17
and 10% in FY18, the telco oper-
ator is still expected to remain
profitable.
(FY18), we expect FFB growth to
exceed four million tonnes on ac-
count of the additional 6,000ha of
new mature land bank mainly in In-
donesia and Liberia, and the groups
continuous replanting programme.
Management guided that the replant-
ing exercise is still ongoing in Sabah
and Indonesia. The group will replant
approximately 4,000ha in FY17. It
plans to carry out more replanting
in FY18, in the range of 5,000ha to
6,000ha (mostly in Sabah).
In terms of capital expenditure
(capex), management guided that
the capex requirement for FY17
would be approximately RM800
million. For FY18, we estimate
capex to be RM850 million.
Management estimates that crude
palm oil (CPO) production cost will
be around RM1,400 per tonne for
FY17, slightly higher than the previ-
ous years RM1,381 per tonne. The
increase was mainly driven by higher
wages, fertiliser costs and costs re-
lated to certification schemes and
sustainable standards. We gathered
that wages and fertiliser costs repre-
sent 37% and 25% of its FY16 CPO
production cost respectively.
The oleochemical division is ex-
pected to recover in the second half
of FY17 as the group has locked in
some forward sales at favourable
Axiata Group Bhd
FYE DEC (RM MIL) 2016
Revenue 21,565.4
Core net profit 504.3
FD core EPS (sen) 5.7
FD core EPS growth (%) (80.3)
Consensus net profit
DPS (sen) 8.0
PER (x) 81.3
EV/Ebitda (x) 7.2
Dividend yield (%) 1.6
ROE (%) 2.1
Net gearing (%) 91.4
Sources: AmInvestment Bank, company report
Consensus expects
M1s net prot to
decline by 7% in FY17
and 10% in FY18.
Our current valuation of M1
is generally in line with its mar-
ket price.
M1s FY17 enterprise value/
earnings before interest, taxes,
depreciation and amortisation
of 7.7 times (EV/Ebitda) is high-
er than Axiatas 6 times but below
Singapore Telecommunications
14 times and Star Hubs 8.6 times.
M1s balance sheet is also health-
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Kuala Lumpur Kepong Bhd We do not discount the possi-
bility that KLK will make a second
FYE SEPT (RM MIL) 2015 2016 2017E 2018F 2019F attempt to acquire MP Evans with
Revenue 13,650 16,506 17,532 17,960 18,138 higher offer price after the cool-
Ebitda 1,532 1,749 2,147 2,283 2,378 ing-off period. Note that MP Evans
share price has appreciated more
Dep & amortisation (384) (444) (469) (500) (525)
than 75% and trading higher than
Net finance cost (61) (101) (124) (128) (128) the previous KLKs offer price of
Associate + JV (2) 5 5 6 6 740 pence per share. It has a good
Forex & EI 50 503 0 0 0 brownfield prime age profile, which
PBT 1,135 1,712 1,559 1,661 1,731 could help to boost KLKs palm oil
Taxation (251) (29) (265) (282) (294) age profile. Funding should not be
MI (14) (91) (103) (110) (115) an issue as the group had RM2.1
billion short-term funds as at March
Net profit 870 1,592 1,190 1,268 1,322
31, 2017. Its net gearing stood at 0.3
Core net profit 820 1,089 1,190 1,268 1,322 times, which is below the industry
Reported EPS (basic) (sen) 82 150 112 119 124 standard of 0.5 times. Assuming
Core EPS (diluted) (sen) 77 102 112 119 124 KLK gears up to 0.5 times, it can line
GDPS (sen) 45 50 55 59 61 up approximately RM4 billion in a
Source: TA Securities war chest for acquisitions without
affecting the dividend payout.
We maintain our FFB produc-
prices. However, the profit margin capacity while for Indonesia, the tion growth of 13% for FY17. We
is expected to be affected by some refining capacity had jumped to 47 expect FFB production growth to
leftover raw material inventories, million tonnes in 2016, compared come in stronger for the remaining
which were purchased at high pric- with 21.3 million tonnes in 2012. three months of FY17. For FY18
es. Note that the downstream busi- We understand that KLK has no and FY19, the growth is expected
ness contributed significantly about intention of expanding its down- to be 3.5% and 4.6%, respectively.
25% to the groups profit before tax stream business. We keep KLKs TP unchanged
in FY16. However, we observe that We understand that the group at RM26.19/share, based on 2018
the margin has been falling as the is still actively looking for new sum-of-parts valuation. Maintain
current oversupply issue has giv- plantation land or potential M&As hold on the stock on valuation
en rise to poor refining margin. after its unsuccessful RM2.3 bil- ground and downside risk to the
Note that Malaysia currently has 27 lion bid to takeover MP Evans downstream manufacturing earn-
million tonnes of palm oil refining Group plc in 2016. ings. TA Securities, July 19
Rohas EPCC order book expected to
boost earnings growth for next 3 years
Rohas Tecnic Bhd billion) per year over 2015 to 2025.
(July 19, RM1.16) The groups existing EPCC order
2017F 2018F 2019F Initiate coverage with buy at target book of about RM300 million is ex-
22,729.5 23,750.7 25,218.1 price (TP) of RM1.39: Rohas Tecnic pected to provide a strong boost to
1,156.2 1,268.0 1,560.7
Bhds core business is fabrication earnings growth over the next three
of steel towers which are used for years even in the absence of new
13.1 14.4 17.7 power transmission and telecom- job wins due to low earnings base.
129.3 9.7 23.1 munications industries. Rohas is Risks to our call include to clinch
1,398 1,631 1,861 ranked as one of the top operators future EPCC projects.
8.0 7.1 13.9 in the industry in terms of revenue. We project for its 2018 and 2019
35.5 32.3 26.3 Sarawak Energy Bhd is expected financial years (FY18 and FY19) earn-
6.4 6.6 6.6 to spend RM8 billion to RM10 bil- ings growth of 36% and 14% respec-
1.6 1.4 2.8
lion over 2015 to 2020 to improve its tively, driven by the execution of its
power infrastructure. With Sarawak order book. This implies earnings
4.9 5.2 6.3 Energy no longer listed, Rohas is a growth at a compounded annual
101.9 109.8 119.1 good proxy to the states power in- growth rate (CAGR) of 24.5%. We
frastructure spending via the sup- like Rohas for its exposure to Asean
ply of power transmission towers. which is one of the fastest-growing
Rohas is also expected to benefit economic regions in the world.
ier at a net debt/FY17 Ebitda of 1.4 from the countrys increasing mo- Infrastructure investment needs
times versus Axiatas 1.7 times. bile Internet usage via the supply of are expected to be robust in the fore-
Hence, we are not surprised telecommunication towers. In the seeable future and this will generate
by the reluctance of M1s major latest Budget 2017, the Malaysian steady demand for the products of
shareholders to sell their stakes Communications And Multimedia the company. Moreover, we expect
below their targeted valuations. Commission will provide RM1 billion stable EPCC contract flows for the
Nevertheless, we view the groups to improve the coverage and quality company due to the essential nature
struggles in regaining forward mo- of broadband services nationwide. of infrastructure industry in emerg-
mentum in subscribers and average Rohas has already made its foot- ing markets.
revenue per user in Malaysia and print in Vietnam and Laos by secur- Our TP of RM1.39 is based on a
regionally as underpinning the need ing infrastructure-related engineer- 16 times price-earnings (PE) mul-
for the groups remerger catalyst with ing, procurement, construction and tiple pegged at FY18 earnings. The
Telekom Malaysia Bhd. commissioning (EPCC) contracts. proposed acquisition of 75% of
Axiata currently trades at a bar- Hence, the company is in a prime HG Power Transmission Sdn Bhd
gain FY17 EV/Ebitda of six times, position to monetise the opportu- through share issuance at 95 sen
way below its two-year average nities brought about by the huge per share should provide a floor
of 8.1 times versus SingTels 14 infrastructure investment needs in valuation for the stock, limiting
times. AmInvestment Bank Re- the Asean region that is estimated downside risk. Hong Leong In-
search, July 19 at some US$110 billion (RM471.9 vestment Bank, July 19
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Bursa 2Q results
expected to be impressive
Bursa Malaysia Bhd
(July 19, RM10.00)
Downgrade to hold with an un-
changed target price (TP) of
RM10.30: Subsequent to Bursa
Malaysia Bhds share-price out-
performance, we downgrade the
stock from buy to hold on val-
uation grounds, with a reduced TP
of RM10.30. We trim our estimated
earnings per share (EPS) for 2017
to 2019 by 1.2% to 4.4% due to ad-
justments to derivative guarantee
fees and overheads. On a more
positive note, we expect results for
the second quarter of 2017 (2Q17)
to be impressive and Bursa will
likely reward shareholders with
a special dividend of up to 20 sen.
For Bursas 2Q17 results, we
forecast a stronger net profit of
Top Glove FY18 revenue
seen to grow 16%
Top Glove Corp Bhd
(July 19, RM5.68)
Maintain hold with a higher fair
value of RM6.22: We forecast Top
Glove Corp Bhds revenue to grow
by 16% in financial year 2018 (FY18)
underpinned by a 13% increase in
production volume. Top Gloves
production capacity is expected
to expand by 11% from 48 billion
pieces in FY17 to 53 billion piec-
es in FY18 on the back of contri-
butions from four new factories.
Global glove demand growth is
anticipated to be healthy at 6% to
8% per annum due to the emer-
gence of new health threats and
increasing hygiene standards and
healthcare awareness.
We estimate Top Gloves earn-
ings before interest, taxes, depre-
ciation and amortisation margin to
be relatively unchanged at 14% in
FY18. We believe that selling pric-
es would be stable in line with the
costs of nitrile and latex. If the cost
of raw materials rises, Top Glove
would be able to pass on about
70% to 80% of the cost in the form
of higher selling prices. Nitrile and
latex account for about 50% of Top
Gloves production costs. Earnings
risk is expected to come from the
proposed increase in foreign-work-
er levy from RM1,200 to RM1,800
per worker, which Top Glove may
have to absorb. This may take place
at the beginning of 2018. The levy
on foreign workers may reduce
Top Gloves FY18 net profit by 3%
to 4%. Top Glove has 7,000 foreign
workers currently. The recent hike
of 0.57% in the average effective
natural gas tariff is not expected
to have a material impact on Top
Gloves operating profit margin.
Gas accounts for 8% of Top Gloves
production cost.
The recent acquisitions of two
B R O K E R S C A L L 11
RM60.5 million compared with a disappointment, declining by Bursa Malaysia Bhd
RM56.6 million in 1Q17, up 22.4% 23% month-on-month (m-o-m)
year-on-year (y-o-y) and 6.9% and 22.7% m-o-m respectively. FYE DEC (RM MIL) 2015 2016 2017E 2018E 2019E
quarter-on-quarter (q-o-q). Earn- We believe these were due to a
Revenue 518.5 506.7 545.1 544.6 532.7
ings for the quarter will be under- lack of market catalysts and fund
pinned largely by income stream outflows foreign buying in June Ebitda 302.5 294.8 324.1 317.7 298.3
from the securities market and was the lowest at RM344 million. Pre-tax profit 278.8 270.5 299.8 293.1 273.9
are expected to be relatively in On the derivatives front, the Core net profit 198.6 193.6 222.6 217.6 203.2
line with our forecast of RM222.6 2Q17 traded volume declined by Core EPS (sen) 37.2 36.1 41.3 40.4 37.7
million for the financial year end- 10.4% q-o-q and 14.5% y-o-y to Core EPS growth (%) 0.0 (2.8) 14.9 (2.3) (6.6)
ing Dec 31, 2017 (FY17). Despite 3.39 million contracts, largely at- Core PER (x) 27.5 28.3 24.6 25.2 27.0
expectation of a robust 2Q17, we tributable to declines in both the
ROE (%) 25.6 23.1 26.8 28.2 28.3
are turning cautious about Bursas volumes of the FBM KLCI and
outlook as trading volumes fell crude palm oil futures in 2Q17. P/BV 6.8 6.3 6.9 7.3 8.0
sharply this month. Meanwhile, despite Bursas move Single-tier DPS (sen) 34.5 34.0 60.3 55.0 45.0
Although Bursa chalked up an to lower the derivatives guarantee Dividend yield (%) 3.4 3.3 5.9 5.4 4.4
impressive 2Q17 average daily vol- fee (which is not charged in oth- EV/Ebitda (x) 17.1 17.4 16.1 16.4 17.7
ume (ADV) of RM2.8 billion as er markets), volumes remained Chg in EPS (%) (1.2) (1.7) (4.4)
well as a first-half ADV of RM2.67 disappointing for June and this Affin/Consensus (x) 1.1 0.9 0.8
billion, the trading values in the month. AffinHwang Capital,
Sources: Company, Affin Hwang forecasts, Bloomberg
months of June and July have been July 19
GHL Systems FY17 target of
10,000 TPA merchants achievable
GHL Systems Bhd
(July 19, RM1.57) We believe Actis could
Downgrade to hold with a higher drive GHLs expansion
target price (TP) of RM1.60: GHL due to its extensive
Systems Bhds revenue for the first
quarter of financial year ending experience in the
Dec 31, 2017 (1QFY17) grew 22% payment industry in
year-on-year (y-o-y) due to high- emerging markets.
er point-of-sales terminal sales as
local banks geared up to meet the
Chip & Pin initiative deadline by
this month. In addition, transac- In April, GHL announced its
tion payment acquisition (TPA) partnership with Alipay to roll out
revenue also grew by 12% y-o-y in payment acceptance services for
1QFY17, driven by stronger contri- physical stores and online mer-
butions from e-pay and card-pay- chants in Malaysia. This was the
ment services. Overall, 1QFY17 net second tie-up between GHL and
profit surged 69% y-o-y to RM7.6 Alipay, following its initial part-
million, after stripping out the loss nership in Thailand in 2QFY16.
from subsidiary liquidation. We learn that GHL had activated
Top Gloves production capacity is expected to expand by 11% from 48 billion pieces in The group plans to add 10,000 acceptance points at some 1,400
FY17 to 53 billion pieces in FY18 on the back of contributions from four new factories. TPA merchants in Malaysia and the merchants in Malaysia and Thai-
Philippines in FY17, after adding land as of June. The group expects
nearly 6,000 merchants in FY16. the acceptance points to nearly
Top Glove Corp Bhd We think its FY17 target is achiev- double in 2HFY17 as it plans to
able, given that GHL added about enable the Alipay solutions on its
FYE AUG (RM MIL) 2016 2017F 2018F 2019F 4,500 TPA merchants in Malaysia existing AirPOS and e-pay mer-
Revenue 2,888.5 3,357.0 3,898.0 4,449.9 and the Philippines in the first half chant base.
Core net profit 350.6 325.4 371.5 440.6 of FY17 (1HFY17). We understand In March, Actis Stark (Mauri-
FD core EPS (sen) 27.9 25.6 29.3 34.7
that year to date (YTD), the Ma- tius) Ltd emerged as a new major
laysian operations have delivered shareholder of GHL, after acquir-
FD core EPS growth (%) 19.9 (8.2) 14.1 18.6
about 500 merchants per month, ing a 44.4% stake from previous
Consensus net profit - 329.2 378.7 417.1 while the Philippine operations substantial shareholders, Simon
DPS (sen) 14.5 12.0 13.0 14.0 delivered about 300 merchants Loh and Creador (a private equi-
PER (x) 20.3 22.1 19.3 16.3 per month. ty firm based in Malaysia), at RM1
EV/Ebitda (x) 14.2 14.9 13.1 11.3 The steady growth in GHLs new per share. We are positive about
Dividend yield (%) 2.6 2.1 2.3 2.5 merchant acquisition in Malay- the new shareholders entry as we
ROE (%) 21.1 17.1 17.7 18.9
sia is facilitated by the growing believe Actis could drive GHLs ex-
popularity of the groups mobile pansion due to its extensive expe-
Net gearing (%) 9.6 10.2 5.8 nm
payment system AirPOS. To rience in the payment industry in
Sources: AmInvestment Bank, company report recap, GHL launched the AirPOS emerging markets.
solution in 2QFY16. As of 2QFY17, We raise our FY18 and FY19
factories in Nilai and Muar would nitrile makes up 37% of Top Gloves GHL had over 2,500 AirPOS devic- forecast earnings per share by be-
boost Top Gloves presence in Chi- glove products while powder-free es deployed in various categories, tween 3% and 7% as we expect
na while the additions of three new gloves account for another 20%. such as food and beverages, auto- better gross margin from the TPA
manufacturing facilities in Klang With its carefully crafted expan- motive, electronics and hardware segment. However, we downgrade
would improve its nitrile capacity. sion strategy, the management is accessories. We also learn that the stock to hold, as the share
This would help Top Glove achieve confident that Top Glove will be AirPOS throughput has contin- price is up 70% YTD. We have a
a more balanced product mix (40% able to increase its global market ued to increase despite the addi- higher RM1.60 TP, still based on 24
to 50% of products to come from share from 25% to 30% by 2020. tion of new merchants, with some times forecast calendar year 2018
nitrile gloves in the future), consist- AmInvestment Bank Research, RM2,500 throughput value per price-earnings ratio. CIMB Re-
ent with global demand. Presently, July 19 device as of June. search, July 19
12 H O M E
National Security Policy
review every three years
PM: All federal, state agencies should refer to it when formulating new policies
PUTRAJAYA: The National Security
Policy, adopted under the Nation-
al Security Council Act 2016, will
be reviewed at least once in three
years, said Prime Minister Datuk
Seri Najib Razak.
The prime minister said that
the implementation of the policy
would be monitored by a coor-
dinating committee at the level
of ministries/departments and
agencies chaired by the direc-
tor-general of the National Se-
curity Council, Tan Sri Zulkifeli
Mohd Zin.
Najib, who is also finance min-
ister, said all agencies at the fed-
eral and state levels should refer
to the National Security Policy
when formulating new policies,
and review and examine existing
policies particularly related to na-
tional security.
This is to ensure that the pol-
icies are consistent with the Na-
tional Security Policy. If the pol-
icies are inconsistent, then the
proper improvements and mod-
ifications should be implement-
ed, he said when launching the
National Security Policy Book at
the Perdana Putra building here
yesterday.
Najib said the National Security
Policy would become the overarch-
ing policy and a reference for poli-
cies such as the Domestic Security
Policy, National Defence Policy
India revokes Zakir Naiks
passport report
KUALA LUMPUR: Controversial
Muslim preacher Dr Zakir Naiks
passport has been cancelled by
India, according to a press report.
The Mumbai regional passport
office revoked Zakirs passport
based on recommendations from
Indias National Investigation Agen-
cy (NIA), the Times of India was
reported as saying by the Malay
Mail Online.
The agency had previously filed
a criminal case against him for al-
leged links to terrorism activities,
the Times of India report said.
Restaurant employee jailed, ned for stealing TNB cables
KUALA LUMPUR: A restaurant
employee who admitted to steal-
ing RM3.2 million worth of elec-
tric cables belonging to Tenaga
Nasional Bhd (TNB) was sen-
tenced to two years jail and
fined RM2,000, in default of eight
months jail, by the Ampang mag-
and other policies associated with
national harmony.
He said the National Security
Policy was introduced as a major
reference document for all feder-
al and state agencies in the for-
mulating of policies to ensure that
the country was able to prevent
and address the various security
threats that were becoming ever
more complex.
Malaysias national security,
basically, refers to a situation free
of threats to the countrys core
values from within and outside
the country. The global security
threats which the country also
faces are said to be asymmetrical,
Zakir left India on May 13, 2016,
during the NIAs investigation into
his speeches that allegedly incited
acts of terrorism, the report said.
The report also said the NIA re-
quested for the revocation of the
preachers passport after he failed
to reply to several notices on the
investigation.
The NIA reportedly notified In-
dias home ministry on June 23 that
an arrest warrant was issued on
April 21 over his failure to cooper-
ate with the investigation.
In another report by The Hindu
istrates court yesterday.
Magistrate Haslinda A Raof hand-
ed down the sentence on Nazman
Mohamad, 30.
Nazman was charged with steal-
ing the electric cables at the TNB
sub-station in Bandar Baru Ampang
here between June 30 and July 4. He
involving non-state actors.
I am made to understand that
the National Security Council has
successfully resolved various inter-
nal and external security issues, in-
cluding the recent diplomatic ten-
sions with North Korea, he said.
Najib said the National Security
Policy, which set nine core values,
had to be defended through the
implementation of 20 key strate-
gies to make Malaysia free from
all forms of threats.
The nine core values or thrusts
are regional sovereignty and integ-
rity; socio-political stability; na-
tional integrity; good governance;
economic integrity; social justice;
newspaper, NIA officials said the
passport was revoked on Tuesday.
Last Monday, PAS deputy presi-
dent Datuk Tuan Ibrahim Tuan Man
said Zakir had been confirmed as
one of the special guests at the par-
tys regional conference for Muslim
scholars, on from today to Saturday
in Kota Baru.
Zakir, a medical doctor by train-
ing, has been visiting Malaysia and
Saudi Arabia frequently after leaving
India, where he is wanted for money
laundering and terrorism investiga-
tions, the Malay Mail Online said.
was ordered to serve the jail sentence
from the date of his arrest, which
was July 12.
The charge, under Section 380
of the Penal Code, provides for im-
prisonment for up to 10 years, and
a fine. Nazman was unrepresented.
Bernama
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Najib (left) with his
deputy and Home
Minister Datuk Seri
Dr Ahmad Zahid
Hamidi (centre)
and Zulkifeli at
the launch of the
National Security
Policy Book at
Perdana Putra in
Putrajaya yesterday.
Photo by Bernama
sustainable development; peoples
security; and international recog-
nition.
Praise be to God, the deter-
mined efforts of the government
and security forces have main-
tained national peace and securi-
ty, so much so that in the context
of cybersecurity, Malaysia has been
placed third among 193 countries
on the Global Cybersecurity Index
2017, he said.
Based on the Global Peace Index
2017, Najib said, Malaysia main-
tained its position as the third most
peaceful country in Asia and the
29th among 163 countries of the
world. Bernama
MH370 search data unveils shing hot
spots, ancient geological movements
SYDNEY: Detailed sea-floor maps
made during the unsuccessful
search for the missing Malaysia
Airlines flight MH370, released
by Australia yesterday, could help
increase the knowledge of rich
fisheries and the prehistoric move-
ment of the earths southern con-
tinents.
The Indian Ocean search ended
in January after covering a lonely
stretch of open water where under-
sea mountains larger than Mount
Everest rise and a rift valley dotted
with subsea volcanoes runs for hun-
dreds of kilometres. The wherea-
bouts of the plane, which vanished
in March 2014 en route to Beijing
from Kuala Lumpur with 239 peo-
ple on board, remains one of the
worlds greatest aviation mysteries.
However, information gathered
during painstaking surveys of some
120,000 sq km of the remote waters
west of Australia should provide
fishermen, oceanographers and
geologists insight into the region in
unprecedented detail, said Chari-
tha Pattiaratchi, professor of coast-
al oceanography at the University
of Western Australia. There are
the locations of seamounts which
Penang bans
dogs from Perak,
Sarawak to stop
rabies speading
BUKIT MERTAJAM: The Penang
government has banned the en-
try of dogs from the rabies-hit
states of Perak and Sarawak with
immediate effect to prevent the
spread of rabies to the state.
State Agriculture, Agro-
based Industries, Rural Devel-
opment and Health Committee
chairman Dr Afif Bahardin said
the veterinary services depart-
met (DVS) would also set up
roadblocks at the state border
to stop the transportation of
dogs from Perak into Penang.
The ban is especially for pet
dogs while for wild dogs, we
will collaborate with the local
authorities and state health
department to monitor them.
Penang has not had any
new rabies cases since the out-
break in September 2015. The
state government and DVS are
always on high alert to stop
rabies from spreading to the
state, he told a press confer-
ence here yesterday.
He said dog owners were also
required to have their animals
vaccinated and could be fined
up to RM5,000 if they failed to
do so. Afif said they could get
their pets vaccinated at the de-
partment in Bukit Tengah or the
DVS clinic in Jalan Gurdwara,
George Town, or any private
veterinary clinic in Penang.
He said 7,500 licensed dogs
in Penang had been vaccinat-
ed while the state had a stray
population of more than 10,000
dogs. The public is advised to
remain vigilant against rabies
and stay away from wild dogs.
Bernama
will attract a lot of international
deep-sea fishermen to the area,
Pattiaratchi told Reuters by phone.
Pattiaratchi said the location of
seamounts would also help model
the impact of tsunamis, given that
undersea mountains help dissipate
their destructive energy, and poten-
tially change our understanding of
the breakup of the ancient super-
continent of Gondwana.
The data consists of three-di-
mensional models of undersea
landforms as well as raw bathym-
etric survey information and drift
analysis. It was published online by
Geoscience Australia on Wednes-
day, with a further tranche due to
be published next year.
To see this work come out of
that tragedy that was MH370 is re-
ally quite astounding, theyve taken
it to a new level, said Martin Exel,
a commercial deep-sea fisherman
at Austral Fisheries who has fished
in the area.
From a fishing perspective it
would be valuable information
theyve found whale bones and
cables and a drum, it is incredible
the resolution, he said, referring
to the data. Reuters
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
France indicts 2 in
submarine graft case
This is over alleged kickbacks from 2002 sale of vessels to Malaysia
PARIS: French investigators have
indicted two former top execu-
tives in a long-running probe into
alleged kickbacks from the 2002
sale of submarines to Malaysia,
sources close to the inquiry said
on Tuesday.
The two are Philippe Japiot,
French naval dockyards unit DC-
NIs former chairman, and Jean-
Paul Perrier, French defence and
electronics giant Thales former
chief executive officer, they said.
The two, interviewed in May,
have been indicted for corruption,
one of the sources said.
Japiot has additionally been in-
dicted for abuse of social assets
and Perrier for complicity in the
abuse of social assets, one of the
sources said.
The investigation was launched
Senior tithe centre officers
charged with corruption
BUTTERWORTH: Two senior of-
ficers of the Penang Tithe Man-
agement Centre (ZPP) pleaded not
guilty in the Sessions Court here
yesterday to separate charges of
corruption, allegedly committed
between 2010 and 2015.
One of them, ZPP chief executive
officer Datuk Azman Abdul Samat,
50, faces three charges the first,
for allegedly receiving a Bonia Te-
soro watch worth RM700 from an
owner of the company MNI Venture,
whom he knew was connected with
his official functions at his house in
Permatang Pauh in 2010.
On the second count, Azman
was charged with committing a
similar offence by accepting a Tissot
Touch watch worth RM2,000 from
the Al Global Trading owner at his
office at ZPP in Bandar Perda, Bukit
Mertajam, between 2011 and 2015.
Seven teens held for assaulting schoolmate
JOHOR BARU: Seven teenage boys
have been detained for allegedly
beating up a schoolmate in front
of a secondary school in Skudai
here on Monday.
Police arrested the suspects,
aged between 14 and 16, at sever-
al locations after the incident was
reported to the school and the vic-
tims family.
Johor police chief Datuk Seri
Ahmad Ahmad Najmuddin Mohd
said the incident occurred after the
victim reported to a teacher that
the suspects had climbed over the
school fence to skip classes.
in 2010 in response to a complaint
by Malaysian rights group Suaram.
It centres on allegations that
the French submarine maker paid
commission of more than 114 mil-
lion to a purported shell company
linked to Abdul Razak Baginda, a
former associate of Prime Minister
Datuk Seri Najib Razak.
Najib was defence minister
when the US$1.1 billion deal for
two Scorpene-class submarines
was sealed.
From 2001 to 2007, Japiot head-
ed DCNI, the international branch
of Frances centuries-old naval
shipbuilding operations, which
changed its name last month from
DCNS to Naval Group.
The French state holds just un-
der two-thirds of Naval Group, and
Thales slightly more than a third.
Azman was also charged with ac-
cepting a Roscani Paris watch worth
RM750 from a person he knew was
connected with his official duties
at a food shop near ZPP in 2015.
All the charges were made un-
der Section 165 of the Penal Code,
which provides for an imprison-
ment of up to two years or a fine,
or both, if found guilty.
ZPP Asnaf quality development
management and economic divi-
sion head Mohd Wardi Ramli, 35,
was charged with two counts of
using his office for gratification by
recommending Al Global Trading,
a company which he had an inter-
est in, to supply 1,480 free-range
chicken and chicken feed worth
RM4,842 to ZPP.
The offence was allegedly com-
mitted at the ZPP office on Nov
11, 2016.
Annoyed by the victims action,
the suspects punched, stomped
on and kicked the victim, causing
him to suffer bruises and injuries
on the head, face, back and hands.
A member of the public who
witnessed the incident rescued
the 13-year-old victim and later
informed the school and victims
family.
All the suspects are being re-
manded until July 20 (today) and we
will conduct a detailed investigation
to curb gangsterism among school-
children, Wan Ahmad Najmuddin
said in a statement yesterday.
H O M E 13
Two other people are under in-
vestigation in France for the same
case: Dominique Castellan, also a
former DCNI president, and Ber-
nard Baiocco, Thales International
Asias former president.
All four deny any wrongdoing
and the Malaysian government
has said the contract is free of cor-
ruption.
The affair emerged spectacu-
larly in 2006, when Abdul Razaks
Mongolian mistress who was
said to have demanded a pay-off
for working as a language trans-
lator in the deal was shot dead
and her body blown up with
plastic explosives near Kuala
Lumpur.
A Malaysian court later cleared
Abdul Razak of abetting the mur-
der. AFP
He was also charged with rec-
ommending the same company to
supply animal feed worth RM6,000
to ZPP at the same location on Nov
14, 2016.
The charges were made under
Section 23(1) of the Malaysian An-
ti-Corruption Commission Act 2009,
which provides for an imprison-
ment of up to 20 years and a fine of
five times the gratifications value,
or RM10,000, whichever is higher,
if found guilty.
Judge Sitarun Nisa Abdul Aziz
allowed Azman bail of RM1,500
on each count with one surety,
while bail for Mohd Wardi was set
at RM5,000 with one surety on each
count.
She set Aug 14 and Aug 21 for
mention of the cases involving
Sarawak government provides more
Mohd Wardi and Azman respec- funds for mental health issues
tively. Bernama
KUCHING: The Sarawak govern- at the Borneo Convention Centre
ment has increased its allocation Kuching here yesterday.
to the states ministry of welfare, The chief minister said the gov-
community well-being, women,
family and childhood to promote
ernment is particularly concerned
about the impact of mental disor-
mental health and organise ac- ders such as depression, anxiety,
On another case, he confirmed tivities, said Chief Minister Datuk and alcohol and drug abuse since
that five persons including a wom- Amar Abang Johari Abang Openg. these are important contributors
an had been detained for brutally He said it would involve an to suicide.
beating a Form Five student after appropriate allocation for all as- He said the latest National
he refused to join a secret society pects of mental health, especially Health and Morbidity survey re-
on Sunday. among schoolchildren, to build vealed almost 30% of the gener-
He said four of the suspects their resilience. al local population experienced
were detained by Johor police on This will help to improve mental health problems.
Tuesday while another was de- mental health and reduce suicid- While there may be many rea-
tained by Melaka police on the al behaviour in the development sons for suicide among young
same day. plans for our state, he told report- people, Abang Johari pointed
The suspects, aged between ers after opening the 29th World out that bullying had become
15 and 19 years old, are being re- Congress of the International As- an important contributory fac-
manded to facilitate investigation sociation for Suicide Prevention tor, adding that he is personally
under Section 147 of the Penal and the 21st Malaysian Confer- concerned over this matter.
Code, he added. Bernama ence of Psychological Medicine Bernama
14 C O M M E N T
What can a central bank do?
It has after all thrown in the kitchen sink
BY JER E MY GAU N T
C
entral banks strug-
gling to lift historically
low interest rates and
rein in stimulus pro-
grammes may have
more on their minds
than just getting back to normal
they are, by some accounts, no-
where near ready to deal with the
next recession or crisis.
Start with a then-and-now com-
parison.
When the global financial sys-
tem nearly collapsed about a dec-
ade ago, the worlds major central
banks launched a series of aggressive
countermeasures, including trillions
of dollars worth of asset-buying.
The global economics team at
Bank of America-Merrill Lynch (Bo-
fAML) in a report that argues cen-
tral banks are not currently capable
of responding to a new crisis cal-
culate that from 2006 to 2009 the five
major central banks cut rates by an
Why Congressional Republicans wont turn on Trump
BY PAU L WA L D MA N
IT is not easy being a Republican
member of Congress in the age
of Donald Trump. Every time he
tweets something dumb or offen-
sive Republicans are asked to justify
it. Scandal is swirling around the
White House. Despite the GOPs
(the Republican Party, commonly
referred to as the GOP [abbrevia-
tion for Grand Old Party]) dreams
of a conservative remake of the
laws of the land, not a single signif-
icant piece of legislation has made
it through Congress.
Saying as little as possible
Meanwhile, the reality TV star in
the West Wing keeps tweeting sex-
ist comments and making other
gaffes that embarrass Republi-
cans and make their jobs harder.
This months shocking series of
revelations that Donald Trump,
Jr eagerly met with a represent-
ative of the Russian government
to check out Russian opposition
research on Hillary Clinton has
led pundits to suggest this may be
the point at which Republicans on
Capitol Hill begin turning against
the president.
But, as Republicans have already
demonstrated by saying as little as
possible about Trumps, Jrs actions,
they will stand by their president
no matter how stupid, childish, or
even unpatriotic his behaviour. For
at least as long as they have made a
habit of hamstringing the economy
with pointless government shut-
average of about 350 basis point.
Could they do that now? Short
answer, no.
BofAML reckons the current av-
erage nominal policy rate is just 50
basis points, with the European Cen-
tral Bank (ECB) and Bank of Japan
(BoJ) in particular at the bottom
limit of what they can do.
It is not the first time this concern
has been raised. The Bank for Inter-
national Settlements, often called the
central banks bank, fired a warning
shot two years ago.
In some jurisdictions, monetary
policy is already testing its outer
limits, it said in its 2014/2015 an-
nual report.
In the same vein, Stephen King,
HSBCs senior economic adviser,
has noted that in all US recessions
since the 1970s, the benchmark US
Federal Reserve interest rate has
fallen by a minimum of 5 percent-
age points. It is currently at a range
of 1% to 1.25%.
Similarly, central banks have been
buying up the shop since 2008, when
the financial crisis hit and the Great
Recession began.
downs and threats to breach the debt
ceiling, Congressional Republicans
have made it clear they will follow
their base anywhere, even off a cliff.
But to understand why nearly
every elected Republican will stick
by Trump, you have to put aside
the broad national view and ques-
tions of principle. No matter how
far he falls, the self-interest of Re-
publican politicians pushes them
toward swallowing their objections
and lining up behind him.
Most of us see politics as a grand
contest between parties and na-
tionally-known figures. Politicians
who want to keep their jobs have
to think much smaller. So imagine
you are a Republican member of
Congress from Kansas or Idaho or
Alabama. Trump won your district
by 25 points, and you barely had to
campaign against your token Dem-
ocratic opponent. The folks you talk
to back home may have some mis-
givings about one thing or another
that the administration is doing, but
they are united in their hatred of
liberals, Democrats, and the main-
stream national media.
Cook Political Report
That is why the only real political
danger you worry about is a pri-
mary challenge from the right. You
know that while Trumps approval
ratings rarely breaks 40%, his ap-
proval among Republican voters is
still around 85%. When Trump said,
I could stand in the middle of Fifth
Avenue and shoot somebody and I
wouldnt lose any voters, okay? he
was not far off.
The Cook Political Report, which
handicaps congressional races, lists
Between them, the US, Swiss, Brit-
ish, Japanese and eurozone central
banks have balance sheets essential-
ly cash and asset holdings totalling
roughly US$15 trillion (RM64.35 tril-
lion). That compares with only around
US$4 trillion at the start of 2008.
They could and probably would
expand this in a crisis; central banks
have shown great innovation in the
past. But with the store of assets
available to buy dwindling as a result
of the US$15 trillion, any expansion
would have to be far broader.
Doable, but relatively untried and
possibly politically difficult.
Despite the huge monetary lar-
gesse, inflation remains low and
well below target in all major indus-
trialised economies bar Brexit-hit
Britain and even there it may be
easing back because of the ebbing
of base effects from sterlings fall.
This means that central banks
such as the Fed, ECB, Bank of Eng-
land (BoE) and BoJ are all making
noises of varying hawkishness with-
out necessarily having solved their
main problem.
The Fed has already started tight-
seven GOP-held House seats as toss-
ups for 2018, another 21 as lean-
ing Republican, and a further 22
as likely Republican. That makes 50
Republican House members out of
240 who have something to worry
about when it comes to the general
election, even in a year that promises
to be highly unfavourable to them.
But the Republicans have a lot to
lose if they alienate their own base.
Just ask Eric Cantor, the staunchly
conservative former House Major-
ity Leader. Despite his assiduous
courting of the right-wing of his
caucus, in 2014 Cantor was beaten
by a primary challenger from the
Tea Party movement, David Brat.
The slightest deviation from parti-
san orthodoxy in Cantors case,
on immigration can trigger a fu-
rious backlash from the right.
Some liberals hopefully note
that Republican senators even-
tually came around to pushing
Richard Nixon to resign. But that
came after two years of Republi-
cans, especially the most conserv-
ative ones, digging in their heels
and rallying around the president.
Most crucially, it happened when
Democrats controlled both hous-
es of Congress and therefore the
tools with which to investigate
and impeach, forcing Republicans
to confront an issue they might
have preferred to avoid. (At pres-
ent, Democrats are not expected
to win back the Senate in 2018.
Even if they did, they would not
be able to oust Trump unless he
was impeached by the House and
they won enough support from
Republicans to reach a two-thirds
majority of the Senate a seem-
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
ening and is talking about cutting its
balance sheet, the BoE is at least think-
ing about raising rates, and the ECB
is hinting at tapering its asset-buying.
Even the BoJ, or some members, have
been quietly retreating from its radical
Central banks cannot
do everything,
especially when they
have already been
doing it for close to a
decade.
monetary experiment.
Ironically, it is this desire to nor-
malise that some economists believe
is the main risk for global economic
growth and for the next downturn.
In the past, some recessions have
been caused by central banks acting
too aggressively, Sarah Hewin, chief
European economist at Standard
Chartered Bank, said, adding that her
firm did not see any sustained inflation
pressures to rationalise tightening.
ingly impossible scenario.)
The Nixon era was also much
less polarised. Today, a number of
forces enforce party unity. There is
ideology: if you are a conservative,
you want Trump to be there sign-
ing bills the GOP Congress sends to
him, no matter what else he does.
Gerrymandering and Americans
own geographic sorting into more
ideologically homogenous commu-
nities has decreased the number of
swing districts, and with it the num-
ber of politicians who worry about
appealing to both parties. And each
partys voters are less ideologically
diverse, as liberal Republicans and
conservative Democrats have virtu-
ally all switched parties. Conserva-
tive media continually tell Repub-
licans that every Trump scandal is
fake news ginned up by villainous
Democrats and a dishonest press
thats out to get our noble president.
Trump got 90% of GOP votes
These forces are part of what made
the entire GOP rally around Trump
during the campaign; despite all the
talk about Never Trump Repub-
licans and Clintons hopes that she
could pull moderate Republicans
disgusted with Trump across the
aisle to vote for her, Trump got the
votes of 90% of those who identified
with the GOP about the same
as the partys nominees who came
before him.
That is not to say there are no
notes of dissent from within the
party. One does hear the occasion-
al sarcastic crack from John Mc-
Cain or Lindsey Graham, and Paul
Ryan can be counted on to offer a
furrowed brow and a plea to refo-
BofAML economists Ethan Harris
and Aditya Bhave go further, saying
central banks should prepare for
the next recession by keep the taps
open to overshoot their inflation
targets, not make do with bumping
up close to them.
In other words, let inflation spike,
then tighten.
What then, if a downturn hits
first, before normalisation of mon-
etary policy?
Innovation. The idea of helicop-
ter money has already been floated,
involving anything from direct trans-
fers to the private sector to monet-
ising government deficits by direct
bond sales between government
and central bank.
Then, there is always the govern-
ment itself, opening up its own purse.
There will be greater need for a
fiscal response, as monetary policy
alone will not be as effective, said
Leila Butt, senior economist at Pru-
dential Portfolio Management Group.
Central banks cannot do
everything, especially when they
have already been doing it for close
to a decade. Reuters
cus on tax cuts whenever he has
asked about Trumps latest offence.
There are even a couple of elected
Republicans who declared their
opposition to Trump early on and
never wavered, most notably Sen
Ben Sasse of Nebraska. But none of
those who supported Trump in the
2016 presidential race have turned
their back on him, even as evidence
mounts that his team colluded with
Russia to during the election cam-
paign and, according to former FBI
director James Comey, that Trump
himself tried to obstruct the FBIs
investigation into the scandal.
There is one more consideration
to keep in mind, particularly if the
Russia scandal keeps getting worse.
While Republicans might wistfully
tell themselves that things would
be going a lot better if the person
sitting in the Oval Office were Mike
Pence fervently ideological, pre-
dictable, boring Mike Pence they
also know that impeachment would
be an outright cataclysm for their
party. They remember that in 1974,
after Nixon resigned, Democrats in-
creased their margin in the House by
49 seats and won the White House
two years later.
Republicans may cringe every
morning when they check their
phones and see the latest revelation
or pratfall coming from the White
House. But they cast their lot with
Donald Trump, and they know that
if he goes down, so do they.
Paul Waldman is a blogger for the
Washington Post, a columnist for
The Week, and a contributing editor
at the American Prospect.
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Goldmans
market
compass
points in wrong
direction
BY JO H N FOL EY
LONDON: Who cares about a
few bad weeks in fixed-income
markets? JPMorgan boss Jamie
Dimon raised the reasonable
question last week. The answer
is Lloyd Blankfein at rival Wall
Street firm Goldman Sachs,
which on Tuesday reported a 40%
year-on-year slump in revenue
from trading bonds, currencies
and commodities. Goldmans
market compass is a little off,
and investors may soon expect
Blankfein to fix it more quickly.
The quarter to June was the
second in a row in which the
US$90 billion (RM386.1 bil-
lion) financial group run has
been out-traded by its peers.
While others warned that the
period would be less good
than a year earlier, JPMor-
gan and Citigroup reported
revenue shrinkage in their
equivalent divisions less than
half as severe as Goldmans.
They may be less exposed to
commodities or benefit more
from steady corporate business
rather than hedge funds. And
swings in markets can have
a bigger impact on Goldman
because it lacks a large com-
mercial banking business. Last
quarter, the firms dire fixed-in-
come performance was offset
by strong equities trading and
a US$1.2 billion slug of revenue
from equity investments Gold-
man holds on its own book.
Over time, the firms exposure
to volatile fixed-income trad-
ing will become more muted.
In the most recent quarter, FICC
(fixed-income, currencies and
commodities), as it is known,
made up around 15% of net rev-
enue, against 24% in the second
quarter of 2016. Blankfeins push
into retail banking is still in its in-
fancy, but the 20%-plus returns
on equity that other consumer
lenders manage more than
twice what Goldman reported
last quarter suggest that is a
promising new direction.
Targeting less flighty corpo-
rate clients and longer-term asset
managers may also muffle some
of the noise, though that will take
time too. Of course, that will also
dampen Goldmans traditionally
unmatched ability to ping back
dramatically when markets do.
That ping-back potential
referred to in analyst-speak as
operating leverage is a big
part of Goldmans investment
appeal. It helps explain why the
bank trades at 1.1 times its es-
timated book value a year from
now, according to Eikon. The im-
plication is that investors believe
Goldman can push its return on
equity well into double digits. As
Dimon at JPMorgan suggested, a
few bad trading weeks need not
change their minds. But a cou-
ple more uninspiring quarters
might. Reuters
McCormick buys Reckitt
Benckiser food unit
US$4.2b deal brings stable of well-known condiments to US firm
BY NICK TUR NER
& CR AIG GIAM M ONA
NEW YORK: McCormick & Co
agreed to acquire Reckitt Benck-
iser Group plcs food business for
US$4.2 billion (RM18.02 billion),
adding Frenchs Food mustard and
Franks RedHot sauce to its line-up
of spices and seasonings.
The deal brings a stable of well-
known condiments to Sparks,
Maryland-based McCormick. For
Reckitt, unloading the products
continues an overhaul that began
with an expansion into baby for-
mula through the British compa-
nys acquisition of Mead Johnson
Nutrition Co for US$16.6 billion.
The transaction price equates
to 20 times the divisions earnings
before interest, taxes, deprecia-
tion and amortisation, which feels
REMEMBERING JANE AUSTEN ... The Bank of England (BoE) unveiled its rst plastic 10 (RM5.58) note on
Tuesday, which features 19th-century British novelist Jane Austen and will be available to the public from September. The central
bank has printed an initial run of a billion of the new notes, which are known in Britain as tenners, after last years launch of a 5
note made from a polymer lm that the BoE said is more durable and harder to forge. Tuesday marked the 200th anniversary of
Austens death. Photo by Reuters
Australias banks rally on benign rules
BY EM ILY CADM AN
SYDNEY: Australias big four banks
rallied in Sydney trading as new
capital requirements turned out to
be less onerous than expected and
the financial regulator signalled
they may not get any higher.
To ensure they are unquestiona-
bly strong, Australia & New Zealand
Banking Group Ltd (ANZ), Com-
monwealth Bank of Australia, Na-
tional Australia Bank Ltd (NAB) and
Westpac Banking Corp will need
Tier-1 capital ratios of at least 10.5%
to us like a very high price for a
US-oriented ambient food busi-
ness, James Edwardes Jones, an an-
alyst at RBC Capital Markets, wrote
in a note to investors. He expects
the transaction to dilute Reckitts
earnings per share by about 1%.
McCormick shares dropped 0.1%
in New York on Tuesday before the
announcement and have gained
about 4% this year. Reckitt stock rose
2% early yesterday in London, extend-
ing its increase for the year to 16%.
The deal comes as speculation
swirls about the next round of con-
solidation in the packaged-food busi-
ness. In February, Kraft Heinz Co
was spurned in a blockbuster bid to
take over Unilever, the British-Dutch
maker of Hellmanns mayonnaise and
Knorr soup. In the aftermath, Unile-
ver was cited by analysts as a possible
bidder for the Reckitt business.
by Jan 1, 2020, the Australian Pru-
dential Regulatory Authority (Apra)
said in a statement yesterday.
The average across the banks at
the end of last year was 9.85%, ac-
cording to Morgan Stanley calcu-
lations, putting the lenders within
close reach of the new target.
The new requirements look rel-
atively benign, said Anthony Ip, a
credit analyst at Citigroup Inc. The
majors may well be able to meet
the new requirements organically
without equity raisings, asset sales
or changes to dividends.
W O R L D B U S I N E S S 15
Nestle SA, the worlds largest food
company, is also shaking up its port-
folio. Under activist pressure to im-
prove results, it is considering selling
its US candy operations. Investor Nel-
son Peltzs Trian Fund Management
this week set its sights on Procter &
Gamble Co, the US giant that com-
petes with Unilever in personal care.
Frenchs and Franks RedHot will
become McCormicks second- and
third-largest brands, respectively,
chief executive officer Lawrence
E Kurzius said in a statement on
Tuesday. McCormicks pro forma
2017 annual net sales are expected
to be approximately US$5 billion,
with significant margin growth,
according to the statement.
The deal is expected to be com-
pleted in the third or fourth quarter
of McCormicks fiscal 2017, pending
regulatory approvals. Bloomberg
named as the new CEO. This
ANZ shares rose as much as
4.2%, the most in more than eight
months, and Commonwealth Bank
added 3.4%. NAB rallied as much
as 3.7% and Westpac climbed as
much as 4%.
Adding to the sense of relief,
Apra said in an accompanying in-
formation paper that likely sub-
sequent changes necessitated by
international agreements can be
accommodated within this frame-
work and will not necessitate fur-
ther increases to requirements at a
later date. Bloomberg
IN BRIEF
Bitcoin unstable, too
vulnerable to speculation
VIENNA: European Central
Bank governing council mem-
ber Ewald Nowotny warned
against accepting bitcoin as an
official payment method, saying
the digital currency lacked sta-
bility and was too vulnerable to
speculation. Many governments
around the world are consider-
ing how to regulate and classify
bitcoin, whose value surged in
June to hit a record just shy of
US$3,000 (RM12,870). Bitcoin
lacks the one thing that makes
a good currency, namely sta-
bility, Nowotny told Austrian
daily Kleine Zeitung in an in-
terview published yesterday.
Bitcoin is an object of specu-
lation. Bitcoin has fallen 20%
since its record high in June but
is still 245% over the past year.
Reuters
Shares in Harley-Davidson
tumble on weak earnings
NEW YORK: Shares in icon-
ic US motorcycle company
Harley-Davidson stumbled
on Tuesday following weak
earnings that underscored its
troubles finding new custom-
ers. Shares were down 8.5% at
US$47.60 (RM204.20) midday
after earlier slumping nearly
12% following release of the re-
sults. These are challenging
times for motorcycle sales and
Amazon.com doesnt have an-
ything to do with that, quipped
Briefing.com, referring to the
disruptive online retailer. Net
profit through the first half of
2017 fell 16% to US$445.2 mil-
lion and revenues dropped 9.4%
to US$3.4 billion, the company
said. AFP
AkzoNobel CEO steps
down for health reasons
THE HAGUE: AkzoNobel chief
executive officer (CEO) Ton
Buchner announced yesterday
he is quitting for health reasons,
leaving the worlds leading paint
maker in the throes of a bitter
legal battle after it rejected a US
takeover bid. Buchner steps
down with immediate effect due
to health reasons the company
said in a statement, adding that
Thierry Vanlancker has been
was an extraordinarily difficult
decision to make but my focus
must now be on my health, said
Buchner, who joined AzkoNobel
in 2012. AFP
Target head unfazed by
Amazon-Whole Foods deal
ASPEN, Colorado: US retail gi-
ant Targets chief executive of-
ficer Brian Cornell on Tuesday
played down Amazons massive
deal to acquire grocery chain
Whole Foods, arguing that it
validates his companys busi-
ness model. It wasnt a sur-
prise that that deal took place,
Cornell told a forum in Aspen,
Colorado. It really validates
what weve been talking about
for almost four years now. For
Amazon I think theres a rec-
ognition that a physical store
and proximity is important to
the consumer. AFP
16 W O R L D B U S I N E S S
US seeks to smooth trade
relations with China in talks
Yet, some experts are sceptical if it will prompt Beijing to open its market further
BY H E AT HER SCOTT
W
ASHINGTON:
After riding a
wave of an-
ti-trade sen-
timent to the
White House,
the Trump administration is taking
a more traditional approach to re-
solving issues with China: a formal
structure of talks that makes gradual,
sometimes glacial progress.
Trade experts expectations are
restrained that the first round of
talks yesterday will produce results
on long-standing issues with Beijing,
such as the massive trade deficit or
global overproduction of steel and
aluminum.
While US President Donald
Trump had attacked China earlier
for unfair trade practices, his meet-
ing with Chinese counterpart Xi Jin-
ping at his Florida resort in April
prompted a change of rhetoric and
the launch of a 100-day economic
cooperation plan.
That led to specific but narrow
achievements, including opening the
Chinese market to US beef exports
and pledges to remove barriers for
US credit card transactions and oth-
Microsoft to help Baidu
self-driving car effort
SAN FRANCISCO: Microsofts cloud
computing platform will be used
outside China for collaboration by
members of a self-driving car alli-
ance formed by Chinese Internet
search giant Baidu, the companies
announced on Tuesday.
The US software giant is one of
more than 50 entities that have
joined an Apollo alliance created
by Baidu in April. Microsoft will
enable alliance members to col-
laborate, share information and
tap into Azure cloud computings
Facebooks WhatsApp partially blocked
in China amid censorship push
BY DAVI D RA ML I & SA RA H F RIER
BEIJING/SAN FRANCISCO: Face-
book Incs WhatsApp messaging
service has been partially blocked
in China, following a censorship
crackdown by the government.
Multiple WhatsApp users in China
reported experiencing intermittent
outages from Monday night, Beijing
time. By Tuesday morning, users
had taken to social networks such as
Twitter to report that photos as well
US-China
merchandise
trade
288
54
2006
Source: US Census Bureau
er financial services, including bond
underwriting, that were to be con-
cluded prior to yesterdays meeting.
Meanwhile, Trump followed his two
predecessors in launching a mech-
anism for regular talks to be led by
Treasury Secretary Steven Mnuchin
and Commerce Secretary Wilbur
analytic power, according to the
companies.
The companies did not say why
the alliance would not use the Mi-
crosoft cloud computing platform
inside China.
Rather than developing its own
self-driving car, Microsoft has been
playing to its strength in software
by working with automotive com-
panies on systems for turning the
massive amounts of data from sen-
sors into actionable intelligence.
AFP
as audio clips, a favoured format in
the country, were not being delivered.
WhatsApp is not responsible for
the blockage, according to a per-
son familiar with the matter. The
company declined to comment.
The Chinese authorities want to
be able to monitor all communica-
tion on the Internet, said Charlie
Smith, co-founder of GreatFire.org
which tracks blockages. Smith uses
a pseudonym for fear of reprisals by
Chinese authorities. Bloomberg
Chinese goods exports to US
US goods exports to China
CHINA
In billions of dollars
399 426 440
365
338
321 296
111 122
92 104
63 70 70
2007 2008 2009 2010 2011 2012 2013
Ross, along with Chinas Vice Premier
Wang Yang. However, some experts
are sceptical about the talks, howev-
er improved by narrowing the focus
compared to the Obama administra-
tions broader approach, will prompt
China to open its market further.
The administration has picked the
Xi pours cold water on Chinas
creativity rally
BY P E TE S WE E NE Y
HONG KONG: Chinas innova-
tion bubble is rapidly losing air.
Investors, hearing President Xi
Jinpings signal for a crackdown on
financial risk, are speeding their
flight from expensive technology
stocks and small caps into tradi-
tional economy blue chips. The
overheated early-stage start-up
space may be next.
Mainland investors read Xis
weekend comments, delivered at a
five yearly financial forum, as a sign
that conditions will tighten further.
That poured cold water on Chinese
small caps, and on the tech-heavy
ChiNext growth board. Some 500
companies hit their 10% limit down
on Monday. The ChiNext index
lost over 5%, its worst day in years,
and is down around 20% year to
date, compared to a 10% rise in
the benchmark CSI300.
The correction may mark the
end of a broader trend that started
in 2015, when Premier Li Keqiang
publicly praised young entrepre-
neurs and said he would stoke the
fires of innovation. Bureaucrats
poured money into incubators
and subsidised college student
start-ups. Policy initiatives focused
on upgrading the old economy
helped pushed up valuations for
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
UNITED
STATES
468 483 463
188
124 116 116
50
2014 2015 2016 2017*
*Jan-May
right topics, including overcapacity
and high-tech issues in the Chinese
market, but its not clear to me this
mechanism or any mechanism will
be very effective, said Scott Kennedy,
Center for Strategic and International
Studies China expert in Washing-
ton. AFP
tech companies far above global
peers. Subsidies also flooded the
country with more than its fair
share of 20-something chief exec-
utive officers (CEOs) running on-
line stores, bicycle sharing services
or doing something with drones.
However, pragmatic Xi has now
seized the economic reins from his
idealistic premier, and hes focused
on financial risk than reinventing
the economy. Many entrepreneur-
ial rock stars have fallen on hard
times. Tech empire LeEco founder
Jia Yueting, for example, has be-
come a poster child for hubris,
and his flagship listed unit is one
of the largest tickers on ChiNext.
For all the talk of transformation,
in 2017 it was mostly traditional
sectors, including export manu-
facturing, real estate and old-fash-
ioned infrastructure investments,
that kept Chinas economic growth
on track. Government rhetoric
about innovation and entrepre-
neurship is cooling too.
Taking the heat out of an over-
heated market is unlikely to de-
press genuine creativity in fact,
less cash may attract fewer copy-
cats and may make valuations
more reasonable for investors.
However, for many wannabe CEO
college kids, it may be time to write
a real resume. Reuters
IN BRIEF
Daimler announces
recall of three million
diesel cars in Europe
BERLIN: German luxury car-
maker Daimler, being inves-
tigated for alleged emissions
cheating, announced on Tues-
day a voluntary recall of more
than three million Mercedes-
Benz diesel vehicles in Europe.
It said it had launched a service
action for other models and
that, to effectively improve the
emissions of additional model
series, Daimler has now de-
cided to extend the service ac-
tion to include over three mil-
lion Mercedes-Benz vehicles.
The Stuttgart-based company
said the action would cost the
company some 220 million
(RM1.075 billion) and be free
of charge for customers. AFP
Apple appoints new
China head as sales in its
No 2 market slide
BEIJING: Apple Inc has appoint-
ed one of its top wireless software
engineers the new head of its
Chinese operations, as it tries
to reverse a persistent sales de-
cline in its largest market after
the US. Isabel Ge Mahe, currently
vice president of wireless tech-
nologies, will assume the newly
created position of managing di-
rector for greater China, which
includes Taiwan and Hong Kong.
Chinese-born Ge Mahe, who as
a leader of mobile engineering
teams helped develop Apple Pay
and HomeKit, will answer direct-
ly to chief executive officer Tim
Cook and chief operating officer
Jeff Williams. Bloomberg
VEON oers mobile
messaging app in ve
markets
FRANKFURT: Global telecom
operator VEON said yesterday
it is making progress in rein-
venting itself as an online play-
er by introducing its messaging
and mobile services app in
four new markets, including its
largest in Russia and Pakistan.
The messaging app, designed
to compete with the likes of
Facebook Incs WhatsApp and
Rakuten Incs Viber, offers free
services to customers via its
mobile network without us-
ers incurring data charges as
other apps do. Two more mar-
kets where VEON will offer the
app are Ukraine and Georgia.
Reuters
Google redesigns
mobile search app with
personalised feed
SAN FRANCISCO: Google yes-
terday announced an overhaul
of its search app on mobile
phones to include Google
Feed, a personalised feed of
links about hobbies, travel,
sports and other topics. This
puts the search company into
more direct competition with
social networks such as Face-
book. Google, the worlds larg-
est search engine and a unit of
Alphabet Inc, said the chang-
es began rolling out in the US
yesterday before other coun-
tries in the coming weeks.
Reuters
18 WORLD
Park refuses order to testify
in Samsung heirs trial
South Koreas former president cites poor health as the reason
BY PAR K C H A N- KYON G
SEOUL: South Koreas disgraced
former president Park Geun-Hye
yesterday again refused to testify
in the corruption trial of the heir
to the Samsung business empire,
citing poor health.
For the second time in a fort-
night Park rejected a court order
to give evidence in the case of Lee
Jae-Yong, the vice-chairman of
Samsung Electronics.
Lee is accused of bribery, cor-
ruption, perjury and other offenc-
es stemming from a wide-ranging
scandal that saw Park herself im-
peached and arrested. Four other
Samsung executives have also been
charged.
Park, now in the Seoul detention
centre and on trial separately, has
Convictions in Thai human trafficking trial
BY T H A NA PORN PROMYAMYAI
& SA L LY MA I RS
BANGKOK: A Thai court found doz-
ens of people guilty of human traffick-
ing offences yesterday in a mass trial
exploring links between corrupt offi-
cials, including a senior army general,
and the grim but lucrative trade in
Rohingya and Bangladeshi migrants.
Thailands junta launched a
crackdown in May 2015 on a net-
work funnelling desperate migrants
through southern Thailand and
onto Malaysia, holding some for
ransom in jungle camps.
It unspooled a crisis across
Southeast Asia as gangmasters aban-
doned their human cargo in the
camps where hundreds died from
starvation and malaria, and at sea
in overcrowded boats which were
then ping ponged between Thai,
Malaysian and Indonesian waters.
Rights groups long accused
officials of ignoring and even
orchestrating the trade in hu-
mans through Thailands southern
provinces.
The area was the crucial link in
Philippines Duterte threatens to end peace talks after attack
MANILA: Philippine President
Rodrigo Duterte threatened to end
peace talks with communist rebels
yesterday, hours after suspected
guerrillas wounded four of his mil-
itary bodyguards in an ambush.
Aides said Duterte, 72, was
not in the convoy when gunmen
opened fire on two Presidential
Security Group vehicles along a
highway on the main southern
island of Mindanao, where mar-
tial law is in effect.
been complaining of exhaustion
and a toe injury that has left her
limping slightly.
Defence lawyers say her hectic
trial schedule which forces her to
appear in court four days per week
for up to 10 hours coupled with
confinement during sultry weath-
er, have taken a toll on her health.
The corruption scandal centres
on Choi Soon-Sil, a former close
confidante of Park who is accused
of using her close presidential ties
to force local firms to donate near-
ly US$70 million to two dubious
foundations.
Choi, who allegedly used some
of the funds for personal gain, was
jailed for three years last month for
obstruction of business in connec-
tion with her daughters illicit ad-
mission to a Seoul university. She
a criminal trail that stretched from
Myanmar to Malaysia.
The crackdown revealed a lattice
of military, police, local political and
mafia figures acting as traffickers,
agents and logistics men, all soaking
up cash from some of Asias poor-
est and most vulnerable migrants.
Yesterday judges at Bangkok
Criminal Court began delivering
a stream of verdicts for the 102 de-
fendants. One other accused died
while on remand.
The offences include human
trafficking, ransom, slavery and
murder. All deny the charges.
Media were barred from the court
itself, relying instead on an audio
relay of the complex proceedings.
Thailands role as a key traffick-
ing route spilled into full view after
officials found dozens of shallow
graves in the hidden camps dot-
ting the steep, forested hills of the
Thai-Malaysian border in May 2015.
We expect there are many more
perpetrators out there, Amy Smith,
from Fortify Rights, told AFP.
This is a big business with big
money. AFP
The government blamed
the New Peoples Army the
4,000-member armed wing of the
Communist Party of the Philip-
pines and threatened to shelve
peace negotiations unless the
guerrillas stopped targeting sol-
diers in the south.
The latest communist attack
came as government forces on
Mindanao fought Islamic State
group-inspired militants who have
been holed up in the southern city
also faces other cases.
Samsung, the worlds biggest
smartphone maker and South Ko-
reas largest business group with
revenues equivalent to about a fifth
of the countrys gross domestic
product, was the single biggest do-
nor to the foundations.
Human trafficking in Southeast Asia
2015 saw huge numbers of people risking their lives to leave the Bay of Bengal
BANGLADESH
Coxs Bazar
Sittwe
Jan-April 2015 BAY OF
BENGAL
25,000
Estimated number of people
leaving the Bay of Bengal by boat
Between 40-60 percent
reckoned to be from Rakhine,
Myanmar. Others thought to
be from Bangladesh
At least 370 people
lost their lives at sea
January - June 2015,
according to the UN
Hundreds, if not thousands,
remain unaccounted for,
according to Amnesty
Some 1,000 people
were brought ashore
Source: UNHCR/Arakan Project/Malaysia government/Amnesty
of Marawi since May 23.
The communist party, which is
waging Asias longest-running in-
surgency, called on its armed wing
on Tuesday to launch offensives
in response to Dutertes plan to
put Mindanao under martial law
until the end of the year.
A 60-day martial rule is now in
force on Mindanao as part of the
military campaign in Marawi, but
the Duterte government said on
Tuesday it needed more time to
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
Lee is accused of bribery, corruption,
perjury and other oences stemming from
a wide-ranging scandal that saw Park
herself impeached and arrested.
Lees arrest sent shockwaves
through the group and triggered the
announcement of a major reform
of its top-down management style.
The scandal has cast renewed
light on the cosy ties traditionally
enjoyed by the government and the
family-controlled conglomerates
known as chaebols that dominate
the countrys economy.
The groups have faced increas-
ing criticism over their manage-
ment practices, including rapid
promotions for family members
some of whom have damaged
the corporate image with their con-
duct. AFP
Rakhine State, Myanmar
Home to most of the 1.2 million Rohingya Muslims
Buddhist-majority Myanmar see the Rohingya as illegal
Bangladeshi immigrants
An estimated 420,000 Rohingya refugees
around the region and over 120,000
trapped in displacement camps
since sectarian violence erupted in 2012
MYANMAR
$90-370
Price range for
a ticket to embark
THAILAND
$2,000
Amount some migrants
ANDAMAN
have been charged on arrival
in Thailand or Malaysia for
SEA
release from a holding camp
Koh
Banda Lipe
Aceh
Penang
Aceh MALAYSIA
INDONESIA
Rohingya trafficking
camps were discovered
in 2015
The remains of
139 people were
discovered in camps in
Malaysia
accomplish the mission.
The communist insurgency that
began in 1968 and now mostly
waged in Mindanao has claimed
an estimated 30,000 lives.
The rebels have been in off-
and-on peace talks with the gov-
ernment since Duterte, a self-de-
scribed socialist, was elected last
year.
Both sides declared unilater-
al ceasefires, but these did not
last. AFP
IN BRIEF
Controversial French
anti-terror bill
clears rst hurdle
PARIS: A controversial bill to
toughen Frances security laws
cleared its first hurdle late on
Tuesday when the conserva-
tive-dominated Senate approved
the legislation by a majority. The
new laws will replace a state of
emergency imposed after the
November 2015 terror attacks in
Paris that left 130 people dead.
Under the state of emergency,
authorities have the power to
place people under house arrest,
order house searches and ban
public gatherings without the
prior approval of a judge. Some
of them will become permanent
under the proposed law. Inte-
rior Minister Gerard Collomb
defended the bill, saying: We
want to come out from the state
of emergency, but we cant do so
without counterterrorism con-
trols in place. AFP
South Korea probes
North Korea celebrity
who returned home
SEOUL: South Korea is investi-
gating the case of a North Ko-
rean defector who became a
celebrity refugee in Seoul, but
recently appeared on Pyong-
yang television to claim she had
returned home from the hell
of the capitalist South. Lim Ji-
Hyun arrived in Seoul in 2014
and soon became a public figure
after starring in several South
Korean TV shows featuring es-
capees from the North. But on
Sunday Lim abruptly appeared
in a video on the Norths prop-
aganda network, describing
how her fantasy about the
wealthy South had been shat-
tered. AFP
French military chief
upbraided by Macron
quits statement
PARIS: Frances military chief
resigned yesterday after he was
rebuked by President Emmanuel
Macron for protesting defence
spending cuts. General Pierre
de Villiers, said in a statement he
no longer felt able to command
the sort of armed forces that I
think is necessary to guarantee
the protection of France and the
French people. De Villiers, 60,
told a parliamentary committee
he would not allow the armed
forces to be screwed by plans
to cut 850 million (RM4.20 bil-
lion)from the budget. AFP
China aggressive in
border row, says India
diplomat media
NEW DELHI: A top Indian dip-
lomat said China is being un-
usually aggressive in a month-
old border dispute with India
that shows no sign of easing,
media reports said yesterday.
Beijing has made virtually daily
warnings to its neighbour over
the deadlock on a remote Him-
alayan plateau, where Indian
and Chinese troops have been
locked in a tense face off. For-
eign Secretary S Jaishankar told
lawmakers in a closed briefing
on the dispute that India wanted
a diplomatic settlement. AFP
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Eighth person
who attended
Trump Jr meeting
identied CNN
WASHINGTON: An eighth per-
son who attended a controver-
sial meeting with President
Donald Trumps eldest son
has been identified as a top
official of a company founded
by a Russian billionaire with
links to the Trumps, CNN said
on Tuesday.
The confirmation is the
latest development in the
burgeoning scandal over the
Trump campaigns contacts
with Russia, after it was re-
vealed that Donald Trump Jr
attended the June 2016 meet-
ing during the campaign hop-
ing to get dirt on his fathers
rival Hillary Clinton.
Trump Jr had been told over
email that a Russian govern-
ment attorney would provide
damaging details. Trump cam-
paign manager Paul Manafort
and son-in-law Jared Kushner
also attended.
The latest confirmed partic-
ipant is Ike Kaveladze, a senior
vice president of the Crocus
Group a real estate busi-
ness headed Aras Agalarov,
the Azerbaijani-Russian mogul
who has done business with
the Trumps according to
CNN, citing Kaveladzes lawyer
for confirmation of his identity.
According to the lawyer,
Scott Balber, Kaveladze is a
US citizen who went to the
meeting at Trump Tower un-
der the impression that he
would translate for Russian
lawyer Natalia Veselnitskaya,
who was thought to have the
potentially incriminating in-
formation.
The eighth person has
been identified by prosecu-
tors and we are cooperating
fully with prosecutors as a
result of the investigation,
Balber told CNN, referring to
special counsel Robert Mu-
ellers probe into suspicions
that Russia meddled in the
2016 US election.
Also at the meeting was
Briton Rob Goldstone, a mu-
sic publicist who arranged the
encounter.
Goldstone is close to pop
star Emin Agalarov, who is
Aras Agalarovs son and who
performed during the 2013
Miss Universe beauty com-
petition that was organised
by the Trumps.
Also in attendance was a
Russian-American lobbyist
and Veselnitskayas transla-
tor. AFP
No respite for tens of thousands of Canadians fleeing wildfires
MONTREAL: Tens of thousands
of people who fled wildfires in
western Canada were unable to
return home on Tuesday as the
massive blazes raged on.
Officials said that 155 fires were
still burning in British Colum-
bia province, where the flames
Second Trump-Putin
discussion revealed
It raises questions about what they talked about, who was present
WASHINGTON: Donald Trump and
Vladimir Putin had an additional,
previously undisclosed chat at this
months G20 summit in Hamburg,
the White House acknowledged
on Tuesday.
After a brief greeting at the start
of the two-day summit and a two-
hour bilateral meeting with their
foreign ministers on July 7, Trump
and Putin also chatted over dinner
on the final night of the summit, an
official said.
There was a couples-only social
dinner at the G20, a White House
official told AFP. Toward the end,
the president spoke to Putin at the
dinner.
The disclosure has raised ques-
tions about what the pair talked
about, who was present and why
the meeting was not previously
mentioned.
The Trump administration has
been besieged by allegations that
the presidents closest advisers col-
luded with Russia to win the 2016
election.
LENNONS ROLLER GOES ON SHOW ... Rolls-Royce has announced that it will celebrate the 50th anniversary
of The Beatles Sgt Peppers Lonely Hearts Club Band album by bringing the colourful Rolls-Royce Phantom V, formerly owned by
John Lennon, back home to London for the British public to see. According to The Nation, the car, currently owned by the Royal
British Columbia Museum in Canada, will travel to London to join The Great Eight Phantoms a Rolls-Royce Exhibition, at
Bonhams on Bond Street, an area visited regularly by Lennon in the late 1960s in this very car.
have already consumed more than
327,000ha of forest and unculti-
vated land.
Of the active blazes, 15 present
a real threat to communities, said
British Columbia fire spokesman
Kevin Skrepnek.
Although small numbers of
Trumps eldest son Donald Jr
recently released emails showing
he held a meeting during the cam-
paign with Kremlin-connected fig-
ures, hoping to get dirt on his dads
election rival Hillary Clinton.
Trump late on Tuesday took to
Twitter to blast the suggestion that
there was anything improper about
his dinner chat with Putin.
Fake News story of secret din-
ner with Putin is sick. All G20 lead-
ers, and spouses, were invited by
the Chancellor of Germany. Press
knew! he declared.
The Fake News is becoming
more and more dishonest! Even a
dinner arranged for top 20 leaders in
Germany is made to look sinister!
A second White House official
denied there was a second meet-
ing between Trump and Putin,
describing a brief conversation at
the end of a dinner.
The insinuation that the White
House has tried to hide a second
meeting is false, malicious and ab-
surd, the official said.
people have been able to return
to their homes, around 46,000
people remain displaced by the
inferno.
Some 1,000 residents of Cache
Creek, around 100km west of Kam-
loops, were able to return home 11
days after they were first evacuat-
At the dinner, President Trump
was seated between Mrs Abe, wife
of the Prime Minister of Japan, and
Mrs Macri, wife of the President of
Argentina. Mrs Trump was seated
next to President Putin.
During the course of the dinner,
all the leaders circulated through-
out the room and spoke with one
another freely. President Trump
spoke with many leaders during
the course of the evening. As the
dinner was concluding, President
Trump went over to Mrs Trump,
where he spoke briefly with Pres-
ident Putin.
The White House also rejected
concerns that Trump was not with
any other US officials and used Pu-
tins translator.
Each couple was allowed one
translator. The American translator
accompanying President Trump
spoke Japanese. When President
Trump spoke to President Putin, the
two leaders used the Russian trans-
lator, since the American translator
did not speak Russian. AFP
ed, but under warning they may
have to flee again at short notice.
On the eastern slope of the
Rocky Mountains, the fires forced
the partial closure of some of Can-
adas most prized national parks,
such as Banff in the province of
Alberta. AFP
W O R L D 19
IN BRIEF
Loud sound preceded US
police shooting unarmed
Australian woman
CHICAGO: Police in Minnesota
were startled by a loud sound
prior to fatally shooting an un-
armed Australian woman who
had called them to report a pos-
sible assault, US investigators
revealed on Tuesday. The state
agency probing the killing of
Justine Damond, also known
by her maiden name Justine
Ruszczyk, interviewed one of
the two officers who respond-
ed to her emergency call on
Saturday night in Minneapolis.
Damond had called Minneap-
olis police on Saturday to re-
port a possible assault occurring
near her home. Two officers re-
sponded with their police cars
emergency lights off. Officer
Matthew Harrity told investi-
gators on Tuesday that he had
been startled by a loud sound
near the squad car just before
Damond approached, the Min-
nesota Bureau of Criminal Ap-
prehension said in a statement.
His partner, Officer Mohamed
Noor, was in the passenger seat.
Harrity indicated that Officer
Noor discharged his weapon,
striking Ruszczyk through the
open drivers side window, the
agency said. AFP
Mounting EU concern over
Polands commitment
to rule of law
BRUSSELS: The European Un-
ion (EU) yesterday was to mull
turning up the heat on Polands
right-wing government over
plans to reshape the coun-
trys courts a drive critics
say would undermine judicial
freedom. After launching re-
forms of the constitutional court
following its election victory in
late 2015, the Polish government
last week moved to overhaul the
entire judicial system. The Eu-
ropean Commission (EC) was
to hold high-level talks yester-
day before Vice President Frans
Timmermans gives his assess-
ment of the situation. The EC
has already warned the ruling
Law and Justice Party to reverse
changes to the constitution-
al court or face sanctions for
breaching EU norms on the rule
of law and democracy. AFP
Trump taps former Utah
governor Jon Huntsman as
US ambassador to Russia
WASHINGTON: President Don-
ald Trump has tapped veteran
diplomat and former Utah gov-
ernor Jon Huntsman as am-
bassador to Russia, the White
House said on Tuesday. Hunts-
man, 57, previously served as
US ambassador to China and
Singapore. AFP
Bad weather caused
Myanmar plane crash
YANGON: Bad weather caused
a Myanmar military plane to
crash last month with 122 people
on board, state media reported
yesterday. The aircraft plunged
into the Andaman Sea during a
routine flight from the southern
city of Myeik to the commercial
hub, Yangon. AFP
20
live it!
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

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

Personal
ASSISTANT NEW KID
ON THE BLOCK
CO M PI L ED BY H A NN A H M ERICAN

WORK. LIFE. BALANCE

a set of 50 complex prints entitled Pause/ structed or represented. The conceptual

Kuala Lumpurs latest Replay, which are dated from 2004 to artists installment of skeletons bearing
2009. Known for his watercolour and the ability to bring out life is juxtaposed
art gallery A+ WORKS oil paintings, pencil drawings, prints against the fact that bone is suggestive
and multimedia installations, the art- of death. As such, Tans exposure of the
of ART seeks to involve ist favours the exploration of different oxymoron in our imaginings is also dis-
contexts in society, culture and politics. played in the installment itself.
contemporary practices Since the 1990s, Suwage predominantly
uses his own portraiture to convey his
in new media art concerns and probe uneasy questions
with witty socio-political criticisms,
BY E M I LY YAP which creates a somber air of ironic hu-

TASTE the food prepared by award-winning
Chef Fei at Lai Po Heen, Mandarin Oriental
this week. Hailing from Guangdong prov-
ince, Fei will showcase some of his signature
dishes. Set menus are available for lunch
and dinner featuring dishes such as mari-
nated turnip and foie gras cherry, dim sum
platter, seared Australian wagyu beef sirloin
with pepper and chilli, and ne noodles in
lobster soup. The promotion will be on until
Sunday. Mandarin Oriental is located at Kuala
Lumpur City Centre. Make a reservation by
calling (03) 2179 8797.
WATCH The 40-Year
Old Young Girl and
WVC perform at No
Black Tie tonight.
Janet Lee returns to
the stage with Tay
Cher Siang, AJ from
Popshuvit, KJ Wong
and Julian Chan of
WVC. The Shanghai
Jazz songstress will
perform an eclectic
mix of songs such as
original songs from her two albums, as well
as revamped covers of classic Chinese and
Malay songs as she shares her tales of never
growing up. The performance will begin at
9pm. There will be a cover charge of RM53.
No Black Tie is located at 17 Jalan Mesui,
o Jalan Nagasari, Kuala Lumpur. For more
information, call (03) 2142 3737.
CHECK out the exhibition Grounded at Bank
Negara Malaysia Museum and Art Gallery
Sasana Kijang today. Learn to appreciate
Malaysias natural landscape and beauty
with this exhibition which features paintings
by several veteran local artists. Focusing
on landscape art, such as paddy elds and
dense forests, the exhibition pays tribute to
the glories of nature that are often over-
looked. The gallery is open daily from 10am
to 6pm and admission is free. Bank Negara
Malaysia Museum and Art Gallery Sasana
Kijang is located at 2 Jalan Dato Onn, Kuala
Lumpur. Log on to www.museumbnm.gov.my.
D
mour. One of his conceptual strategies is
ive into the world of con- appropriating his own work, those from
temporary art with the other artists and popular iconography,
launch of a new art gal- which he remakes and redevelops into
lery in town, A+ WORKS something new. Suwage will be show-
of ART. This new gallery casing his form of remediation which
seeks to involve contem- enables him to add complex layers of
porary practices and discussions in new meaning that is connotative of his crit-
media art, especially photography, video, ical investigations into art history and
installation and performance art. As its its social contexts.
name suggests, A+ refers to the gallerys Pause/Replay was first made on wa-
strive for distinction in exhibiting excel- tercolour on paper in 2004 and scanned
lent and unique pieces that do not have in high resolution for exhibition pur-
a platform in a commercial gallery. With poses. The artworks were first exhibited
collaboration as the newly established in 2005 at the Institute of Technology
gallerys key ethos, the artists invited for Bandung, and later at SH Contemporary
its launch will have their work exhibited Art Fair in Shanghai, China. In 2009,
as an ongoing conversation and collab- Pause/Replay was part of Suwages ret-
oration with each other, instead of mere rospective exhibition Still Crazy After All
representation. These Years at Jogja National Museum
For the opening of its first preview at Yogyakarta.
exhibition, the gallery presents Kadang
Kadang Dekat Dekat Akan Datang, which
is part of an ongoing series of preview
exhibitions by the collaborated artists.
An apt reference to a riddle in the 1959
P Ramlee movie Nujum Pa Blalang, the
exhibition features Indonesian artist Agus
Suwage and Malaysian artist Tan Zi Hao
with a special performance by Fajar Aba-
di, all whose work showcases their own
individual beliefs and pursuits.
Tan Zi Hao
A thriving local talent and a multi-dis-
ciplinary artist, Tan Zi Hao exhibits
The Skeleton of Makara (The Myth of
a Myth), a skeletal display of a mythi-
cal creature made from fibreglass and
metal. The Makara is a Hindu chimera
that decorates Khmer monuments, Thai
temples and even Malay kerises across
Southeast Asia.
Commissioned by Singapore Art Mu-
seum, the large-scale installation seeks
to challenge the truthfulness of rep-
resentation. By giving bones or biolog-
ical evidence to a mythical creature,
Tan is able to breathe life into the myth.
Consequently, the fabricated Makara
Agus Suwage skeleton problematises the politics of
One of Indonesias most revered con- historical representation as it compels
temporary artists, Agus Suwage exhibits the questioning of how history is con-
Fajar Abadi
For the opening performance, Band-
ung-based artist Fajar Abadi will be
performing a revered take on family
intimacy. Titled Paradise lies under
the feet of our mothers, the project
involves a collaboration where Fajar
will ask children to help him cast the
feet of their mothers. Subsequently,
the casts are used to create new foot-
wear for the mothers. Intan Rafiza
and her nine-year-old daughter Sa-
rah Cinta Daniels will join him in this
performance.
Inspired by Iwan Fals song Ibu and
a photo series titled Family Portraits by
Vincent Rumahloine for his works, Fajar
appropriately picked the title of his pro-
ject from the Hadith. His performance
seeks to unveil the intimate relation-
ship between mother and child, and
explore how the private relationships of
responsibilities and duties have public
ramifications. In each episode of Par-
adise, the artist initiates conversation
between mother and child. Therefore,
his work is also concerned about the
private and the public. By performing
something intimate in public, there
is a tension that is embodied in rela-
tionship with/to other bodies within
the space. Fajar gratifies by navigating
between performance and instalation
to playfully emphasise and penetrate
everyday social relationships.
Catch Kadang Kadang Dekat Dekat
Akan Datang at A+ WORKS of ART, d6-
G8,d6 Trade Centre,801 Jalan Sentul,
Kuala Lumpur. The show runs until July
29, and gallery hours are from noon to
7pm (Tuesdays to Saturdays). For more
information, call (018) 333 3399.

THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
DRINKS BY JAMIE FULLERTON
Whisky barrels house the spirit for a number of years to allow the drink to mature before it is bottled. Photos by CNN
Wood, re and metal: How ne
whisky gets its avour
THE story of the barrel is one of the overlooked
crafts of whisky-making, says Jeff Arnett, master
distiller of American whiskey brand Jack Daniels.
Indeed, the type of barrel the spirit is stored in
has an enormous influence on its taste, making
the art of cooperage the crafting of the barrels
an essential part of the whisky-making process.
Its a process that still relies on a huge amount
of human skill despite advances in technology
streamlining production.
American white oak is the most commonly
used wood to make staves: long sections of wood
that make up the main part of the barrel
The tools used to shape the staves and bind
them with the hoop [havent changed much] ...
Its still a handcrafted business, says David Cox,
the former director of fine and rare whiskys for
The Macallan, a single malt distillery that has
produced rare whiskys since 1824.
He adds: Theres something elemental about
making casks. Theres a romance to it.
An amazing sight
The process of making a whisky barrel usually
begins with a stock of American white oak. This
is the most commonly used wood for whisky bar-
rels, largely due to how leak-resistant it is and the
flavours it imparts to spirits. Most whisky barrels
are made in the US, where white oak grows.
American white oak gives a vanilla, coconut,
creamy kind of flavour, says Matthew Crow, wood
and cask science manager for Diageo, the drinks
company that owns Johnny Walker, compared
with European white oak, which gives a dried
fruit flavour with more spice.
Coopers divide the wood into the long body
sections, called staves, ensuring its rings are at
right angles to the woods wide face. This mini-
mises the chance of the wood warping and makes
it more water-resistant.
After the circular wooden tops and bottoms are
attached, the staves are placed in a belt-like iron
hoop before being bent usually by softening
the wood through steaming into the signature
curvy shape of a whisky barrel.
Its made in the shape it is so you can steer it
when youre rolling it like a wheel, says Arnett.
live it! 21
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
01. American white oak is the most commonly
used wood to make staves: long sections of
wood that make up the main part of the barrel.
02. Charring the barrel ames are red into
whisky barrels to char them, helping release
avour from the wood.
03. Hickory wood is often used to make the circular
tops and bottoms of whiskey barrels. 01
The next stage is to char the barrel by firing flames
inside it. Barrels usually pass through gas-powered
flaming systems on conveyor belts. This extracts fla-
vour from the wood, which seeps into the spirit during
the whiskys maturation process, which lasts for a
number of years depending on the brand and style.
The charring process is an amazing sight to
watch, Cox says.
An enduring image
With global demand for whisky increasing, de-
mand for barrels could get even bigger.
In the US, whisky sales have been growing for
a decade, rising 6.8% from the previous year in
2016, with US$3.1 billion of sales to wholesalers.
Recently the price of scotch, perhaps Scotlands
most famous export, has risen due to a similar 02
spike in popularity. Japanese whisky has also
boomed both domestically and abroad.
Crow says that the cooper will remain intrinsic
to the whisky-making process. Speaking about Di-
agios cooperages in Scotland, which repurpose
barrels bought from the US for Scotch whisky, he
says: We have robotics to place the casks ... but
theres still a traditional, manual skill at work.
We treat used barrels by scraping their inner
surface to remove old char, then re-char and re-
burn them. Theres a real focus on the manhan-
dling aspect.
Cox is also happy robots arent taking over the
main crux of production.
In a time of great technological change, there
is a certain comfort in sometimes doing it the old
way. Perhaps the slow way can be the right way,
he says. CNN 03
22 F E AT U R E
Worlds most powerful languages
What leaders should know about English and other languages competing for global influence
BY K A I L C H A N
S
hould we all emulate
Mark Zuckerberg and
embrace speaking Man-
darin? In April this year,
US President Donald
Trumps grandchil-
dren (aged 5 and 2) engaged in
soft diplomacy at the highest level
when they sang in Mandarin for
the Chinese president and his wife.
Ten years ago, investor Jim Rogers
even moved to Asia to provide his
daughters with a strong Chinese
learning environment.
Speaking more tongues means
more opportunities to participate
in conversations ... or eavesdrop
on them. It is also clear that the
power of a language goes beyond
simple headcount, not to men-
tion that it is difficult to count the
number of speakers of a language
given their various proficiencies.
As someone who became a pol-
yglot in my 40s proving that
picking up languages in later years
is not insurmountable I grew
interested in ranking the useful-
ness of languages in a scientific
manner.
I created the Power Language
Index (PLI) as a thought experi-
ment: If an alien were to land on
Earth, what language would serve
it best? This scenario assumes that
the alien would have similar am-
bitions as humans. For instance,
it would want to avail itself of the
five main opportunities provided
by language: i) the ability to travel
widely; ii) the ability to earn a live-
lihood; iii) the ability to communi-
cate with others; iv) the ability to
acquire knowledge and consume
media; and v) the ability to engage
in diplomacy
The PLI compares the efficacy of
more than one hundred languages
Wanda becomes liability for AMC as China woes sink shares
BY A N O U SH A SA KOU I
THE crackdown on the empire of
Chinas second-richest man is being
felt half a world away in the Kan-
sas City suburbs in the US, where
movie-theatre chain AMC Enter-
tainment Holdings Inc is trying to
calm rattled investors.
Wang Jianlins Dalian Wanda
Group is AMCs controlling share-
holder, and the Chinese tycoon has
spent the last few years turning the
company into a global powerhouse
with acquisitions in the UK and
Sweden. With Chinese authorities
now scrutinising Wangs transac-
tions and cutting off his funding,
AMC is making the case that its
not so dependent on Wanda, which
owns a 58% stake.
AMC is an American compa-
in these five domains. It does so by
mapping to languages a set of 20
indicators, such as gross domestic
product (GDP) per capita, tourist
flows and number of speakers, in
a coherent and robust way. Each
language is ranked for the doors
it opens in each domain (labelled
geography, economy, commu- 2050, English should still be ahead,
nication, knowledge and media though by a somewhat smaller
and diplomacy). An overall score
is derived from these five sub-
ranks, with diplomacy given less
weight than the first four.
English is the worlds lingua
franca. Mandarin is growing in
power but remains a distant sec-
ond. French comes in third place,
with strong results in geography
and diplomacy. Spanish, Arabic
and Russian fill in the next three
spots. The top six languages also
happen to be the official languages
of the UN. German and Japanese,
the tongues of two economic heav-
yweights, follow at seven and eight.
The top 10 list of the worlds most
powerful languages is rounded out
with Portuguese and Hindi, also
the BRIC (Brazil, Russia, India and
China) languages.
The overall score for each lan-
guage (second column of the table
above) ranges between zero (least
powerful) and one (most power-
ny run from its Leawood, Kansas,
headquarters by our management
teams located in the US and Eu-
rope, chief executive officer Adam
Aron said in a statement on Tues-
day. We are grateful for Wandas
support of AMCs efforts over the
past few years to grow our busi-
ness, to increase our profitability,
to sustain some 45,000 US and Eu-
ropean jobs for AMC employees,
and to improve the moviegoing
experience for our more than 350
million US and European guests
each year.
Six of Wandas recent deals were
found to violate Chinese rules,
Bloomberg reported this week.
China will ban banks from pro-
viding Wanda with financial sup-
port linked to the investments and
barring the company from selling
ful). With a score of 0.889, English
is more than twice as powerful
as Mandarin (0.411). However,
as Chinas economic might and
influence grow, could Mandarin
one day challenge the supremacy
of English? Based on the project-
ed values of the 20 indicators in
worlds most dominant languages.
margin.
The PLI has many implications
for individuals, business and po-
litical leaders as well as policy-
makers.For individuals, language
can be a tool for success, and the
index provides a guide. The range
of benefits depends, inter alia, on
the persons country of origin and
native tongue. In mature markets
such as English-speaking Canada
and the US, studies have shown
that learning a second language
can yield economic benefits. How-
ever, on a macro level, these ben-
efits were mild, considering the
time and energy costs. The true
reward of learning a language is
often not economic, but rather
cultural and personal.
Native speakers of powerful lan-
guages and even English native
speakers who are unfortunately
often monolingual still have
many reasons to learn another
those assets to any Chinese com-
panies, Bloomberg reported, citing
people familiar with the matter.
AMC said those acquisitions
and others were fully financed by
its own resources and did not rely
on Wanda or Chinese lenders for
funding. Wanda doesnt actively
participate in the day-to-day run-
ning of AMC beyond the work of
the three executives who sit on its
board, alongside six American di-
rectors, the company said.
AMCs statement on Tuesday
helped stabilise its shares after a
10% decline on Monday. Wangs
problems in China add to the
companys headaches. If banks
respond to the government decree
by squeezing credit lines and re-
stricting debt rollovers, Wanda may
have no choice but to sell off pieces
T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY
tongue. A compelling one is that
multilinguals have been shown
to solve problems more critically.
True global citizens should consid-
er gaining functionality in as many
languages as they can indeed, it
would be hard to be a global citizen
without being multilingual in the
citizens more global opportuni-
For business leaders, the PLI
gives clues as to the most impor-
tant languages to implement for
a global audience. For instance,
what tongues should be prioritised
when setting up hotlines, creating
websites and translating business
materials? Organisers of interna-
tional events requiring interpret-
ers now have a rational guide on
which to base hiring decisions.
PLI scores show how dominant
English is on the global stage.
The movers and shakers of the
world gain such standing in part
by being visible in the most in-
fluential media think inter-
views, profiles and op-eds in the
likes of The New York Times. Con-
sider the annual meeting of the
World Economic Forum in Davo,
Switzerland. Based on GDP and
number of billionaires, Japanese
and Chinese leaders are highly Kai L Chan is a distinguished fellow
under-represented in these and at Insead Innovation and Policy
other forums for the so-called Initiative.
of Wangs empire. That could put
pressure on AMC shares, though
Wanda has much bigger assets to
sell, said Eric Wold, an analyst at
B Riley & Co.
Analysts at Credit Suisse cut their
target price for AMC to US$17 a
share from US$20.
In a March interview, Aron
said he still had a large appetite
for deals, especially outside the US.
The crackdown highlights the
chilling of outbound Chinese in-
vestment into Hollywood, an about-
face from last years record overseas
dealmaking by Chinese companies.
Not only have officials in China
have been more closely scrutinising
irrational outbound acquisitions,
but lawmakers in Washington have
called for the government to slow
the pace at which Chinese com-
global elite. Could the low Eng-
lish proficiency of the Japanese
and Chinese be a reason?
The PLI may offer a partial ex-
planation (aside from tax differ-
ences) as to why monolingual To-
kyo is not the financial centre of
Asia, despite, in many aspects,
dwarfing places such as Hong Kong
and Singapore, both of which have
deep and historical English infra-
structure. Another case in point:
Japan is the second biggest finan-
cial backer of the UN, yet the Jap-
anese are strikingly under-repre-
sented in the upper ranks of the
organisation.
Simply put, the perspective of
countries with low English fluen-
cy may not be heard at the global
level. For policymakers, the PLI
validates the notion that English
confers an undeniable competitive
advantage. In the case of countries
speaking less powerful languages,
promoting English may give their
ties, but at the potential cost of
their own tongue losing power or
even dying.
At the end of the day, it may
be a matter of balance between
promoting ones language and
culture (as those are intertwined)
and boosting knowledge of Eng-
lish. Another strategy may consist
of embracing global multilingual-
ism. Last year, the deputy prime
minister of Kazakhstan recom-
mended that children start learn-
ing Mandarin, even as the country
continues to implement its dec-
ade-old cultural project calling
for the widespread adoption of
English in addition to Russian and
Kazakh. Indeed, in our globalised
society, the world is the oyster of
the polyglot.
panies are snapping up American
media targets calling out Wanda
in particular.
Some transactions have already
been affected by higher government
scrutiny in both countries. If you
were holding an entertainment or
consumer company hoping for a
Chinese company to buy it out then
this puts the kibosh on that, said
Wold, who advises buying AMC
shares.
With AMC, Wang he already
operates the most movie screens
in the world. But future dealmak-
ing will be tough considering the
political and economic climate
on both sides of the Pacific, said
Marc Ganis, president of Jiaflix
Enterprises, which helps market
and distribute films in China.
Bloomberg
THU R S DAY JU LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Scandal
threatens Fina
on eve of world
championships
BUDAPEST: Swimmings gov-
erning body Fina has been
drawn into a commission
scandal days before its pres-
idential elections and the start
of the swimming events at the
world championships.
Kuwaits Husain Al Musal-
lam, standing unopposed as
Finas first vice-president, has
been caught up in a controver-
sy for appearing to demand a
10% cut of potential sponsor-
ship deals in a tape recording
obtained by The Times and
Germanys Speigel Online.
Husain Al Musallam
is heard asking a
business partner for
commissions on
deals worth US$40
to US$50 million.
As the Olympic Council
of Asia (OCA) general direc-
tor, the 57-year-old is heard
asking a business partner for
commissions on deals worth
US$40 to US$50 million
(RM171.6 million to RM214.5
million).
The exchange is said to be
between a prospective Chi-
nese marketing agent and
Musallam, who suggested
that 10% of any sponsorship
deals arranged for the OCA
should be separately chan-
nelled to him.
Fina has yet to comment on
the scandal that comes ahead
of their elections in Budapest
on Saturday and Sundays
start of swimming action at
the world championships in
the Hungarian capital.
The International Olympic
Committee told The Times and
Der Spiegel that it had passed
the allegations to its chief eth-
ics investigator. AFP
Big names in fight for form coming to British Open
BY A N DY SCOTT
SOUTHPORT (UK): While uncer-
tainty surrounds the form of lead-
ing names such as Dustin Johnson
and Rory McIlroy, the British Open
begins at Royal Birkdale today with
a plethora of players hoping to win
the Claret Jug.
When The Open last came to the
links at Southport, near Liverpool
on the coast of north-west England,
it was 2008 and Tiger Woods had
just won the US Open. That was
his 14th major, but Woods has not
won any since and no longer does
a single player dominate the sport.
The last nine majors have all
been won by a different name, go-
ing back to Jordan Spieths back-
to-back victories at the Masters
Khairul eyes sprint
double at SEA Games
He has also figured out his running strategy
KUALA LUMPUR: After breaking
the long-standing national 100m
and 200m records, national sprint
king Khairul Hafiz Jantan is now
eyeing the double sprint gold and
SEA Games record next month.
The 18-year-old wants to create
a big surprise during the athletics
programme of the biennial sporting
event from Aug 22 to Aug 26 at the
Bukit Jalil National Stadium here.
Yesterday, the Melaka-born
broke the 49-year-old 200m re-
FUN RUN ... Bandar Rimbayus Run With Me on July 9 saw 2,000 participants, in the spirit of togetherness and with friends
and family members by their side, running, walking, dancing and sashaying to the nish line. Held for the third time, the 10km run
was agged o at 6.30am at The Arc, Bandar Rimbayus show gallery. Besides the positive vibe and opportunity to run with new and
old friends, Run With Me also encourages the community to embrace a healthy lifestyle, a philosophy Bandar Rimbayu shares with
its property owners through various events.
and US Open in 2015.
Indeed, the last seven majors
have all been claimed by players
who had never previously taken one
of the sports biggest prizes, includ-
ing Brooks Koepka at last months
US Open and Henrik Stenson in
The Open at Troon 12 months ago.
I think its a really impressive
stat (statistic) and it speaks to the
state of the game. There are a lot
of tremendous young players right
now, Spieth, the 23-year-old world
No 3, said on Tuesday.
And then youve got guys like
Henrik and Dustin, guys who are
still young, but guys who have been
around in contention many, many
times, and it was sooner or later
going to happen, and it did. It was
just a matter of time for them.
cord at 20.92 seconds set by former
sprinter Tan Sri Dr M Jegathesan at
the 94th Malaysia Open Athletics
Championship.
Just a year ago, he broke the
national 100m record (10.30 sec-
onds) held by Watson Nyambek
after clocking 10.18 seconds at the
Sukan Malaysia last July in Sarawak.
This is a very significant achieve-
ment for me; this record has not been
broken for 49 years, and finally I
[have] managed to break it.
However, with the likes of Ja-
pans world No 2 Hideki Matsuy-
ama looking a threat, can another
first-time winner lift the Claret Jug
in front of Birkdales distinctive
white art deco clubhouse on Sun-
day evening?
I think theres a lot more guys
who havent won majors than guys
who have that are playing, so the
chances are it is going to be some-
body that hasnt won one, added
Spieth.
Spieths game is in a better place
than world No 1 Johnson, who sat
out the Masters with a back injury
and missed the cut in last months
US Open at Erin Hills.
Nevertheless, Johnson, 33, has
remained the favourite for the
US$1.845 million (RM7.92 million)
I am passionate about the SEA
Games because I have figured out
my running strategy. After this, I
have to follow the training and my
coach Mohd Poad Md Kassims ad-
vice and continue improving my
performance, he told reporters
after the prize presentation cer-
emony.
His time also erased the meet re-
cord (20.94 seconds) set by Japans
Kento Terada during the 1996 edi-
tion in Kangar, Perlis. Bernama
first prize among most bookmak-
ers this week, while fourth-ranked
McIlroy looks to climb out of a wor-
rying slump.
He has missed the cut at three of
the last five majors and also failed
to make the weekend on the links
at the Irish Open and Scottish Open
recently.
Padraig Harrington was the
last winner at Birkdale, a stun-
ning par-70 course that winds its
way through the sand dunes, nine
years ago.
He is the last player to success-
fully defend the Claret Jug, and
Stenson will hope that is an omen
for him, though he must know the
sort of golf that saw him defeat Phil
Mickelson on the last day at Troon
was once-in-a-lifetime stuff. AFP
S P O RT S 2 3
IN BRIEF
No-one will dominate
again like Tiger, says
Spieth
SOUTHPORT: Golf is unlikely
ever to be dominated again by
a single player in the way Tiger
Woods ruled the sport, world No
3 Jordan Spieth said on Tues-
day ahead of this weeks British
Open Championship at Royal
Birkdale. Spieth has come the
closest to any player of repeat-
ing the kind of dominance that
Woods enjoyed, producing a
magnificent 2015 season when
he captured the US Masters and
US Open titles and came close
to winning the Open and US
PGA Championships. He says
those hoping for a new king of
golf may be waiting in vain. I
wouldnt get your hopes up.
What Tigers done, I just ... ex-
perienced [for] a year like he
continued to do [so] for years.
It just takes a lot out of you. Its
very tough to do. Reuters
F1 shield needs more
work, says Horner
LONDON: Formula One should
hold fire on introducing a new
shield cockpit protection sys-
tem until the device has been
fully tested and refined, accord-
ing to Red Bull team principal
Christian Horner. Ferraris Se-
bastian Vettel said the trans-
parent open canopy made him
feel dizzy when it was tested
briefly, and for the first time on
track, at Silverstone last Friday
in British Grand Prix practice.
The German also said forward
vision was not very good, and
felt his helmet being pushed
forward on the straights. The
shield, designed to protect the
drivers head from flying debris,
has emerged as the governing
bodys favoured choice after
previous trials of a halo con-
cept whose looks drew criticism.
Reuters
US Open to top US$50m
in prize money
NEW YORK: This years US
Open will become the first ten-
nis tournament to top US$50
million (RM214.5 million) in
prize money following a 9% in-
crease in the total purse, the
United States Tennis Associ-
ation said on Tuesday. Win-
ners of the mens and wom-
ens singles titles will each earn
US$3.7 million. Runners-up will
pocket US$1.825 million. The
mens and womens doubles
champion teams will each earn
US$675,000, also the highest
in US Open history. Reuters
CAS rejects Chernova
ban appeal
LAUSANNE: Sports highest
court CAS on Tuesday reject-
ed Russian heptathlete Tatya-
na Chernovas appeal against
her doping ban. Chernova was
suspended in November 2016
over anomalies in her biologi-
cal passport and stripped of her
2011 world heptathlon title. She
was suspended for three years
and eight months after a sample
from the 2009 world champion-
ships was retested to reveal an
anabolic steroid. AFP
2 4 S P O RT S T HUR SDAY JU LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

Mourinho eyes 15-year stay IN BRIEF

La Liga xture draw

Manchester United manager says he wants to restore Ferguson-era stability
LOS ANGELES: Manchester United
manager Jose Mourinho (pic) has
revealed he is targeting a 15-year
stay at Old Trafford, telling ESPN in
an interview on Tuesday he wants
to restore the stability of the Alex
Ferguson era.
Mourinho, who took over the
Premier League giant last year, told
the networks website that he was
desperate to deliver sustained suc-
cess over a long-term period just
as Ferguson did over nearly three
decades.
United has not won the Premier
League title since Fergusons retire-
ment in 2013, with the club strug-
gling to rediscover its dominance inho told ESPN. I am ready for the used to it; people understood the
under David Moyes and Louis van next 15 [years], I would say. Here? great consequences of that sta-
Gaal.
Mourinho has never spent
longer than three years as
manager of a club during
his trophy-laden career.
But the 54-year-old,
speaking as his team pre-
pares to face Manchester
City in Houston today in
the latest leg of its US tour,
insisted he saw Unit-
ed as a long-term
project.
I am ready
for this, Mour-
postponed for one day
following Villar arrest
BARCELONA: The draw to set
fixtures for the next La Liga sea-
son will take place one day later
than scheduled following Tues-
days arrest of Spanish football
chief Angel Maria Villar, the na-
tional association announced
Yes, why not? bility. yesterday. Arrangements for
I have to admit that it is very After David [Moyes] and Mr the new season, due to start on
difficult because of the pres- [Louis] Van Gaal, I come to my the weekend of Aug 19, were
sure around our jobs, every- second year and hopefully I can thrown into doubt after the ar-
body putting pressure on stay and give that stability that the rest of Villar, his son Gorka and
managers and things that club wants. I will try, but again, I several other Spanish football
people say that we have will have to try to deserve that, federation members after a raid
to win, but in reality only but thats what I try every day that on offices in Madrid as part of
one can win and every year I work. an anti-corruption investiga-
it is getting more difficult. Mourinho believes Fergusons tion. The federation postponed
This club, for 27-year reign at United will never three days of meetings which
so many years, be emulated in the modern game. included the draw for fixtures
was Sir Alex I think Sir Alexs career is unique, today. But it said on Twitter
[Ferguson]. Mourinho said. I dont think it is yesterday that the draw would
People got possible to emulate. AFP take place tomorrow. Reuters
AFP
Leicester lands Hull
goalkeeper Jakupovic

Liverpool Arsenal manager Wenger LEICESTER: Leicester City has

snapped up goalkeeper Eldin

insists Sanchez not for sale

75m Keita bid
rejected by
RB Leipzig
BERLIN: Red Bull boss Dietrich
Mateschitz has confirmed RB
Leipzig rejected an offer of 75
million (RM370.9 million) for
Liverpool-target Naby Keita
and insisted the Guinea mid-
fielder is not for sale.
On its first season in Ger-
manys top flight, RB Leipzig
finished second to Bayern Mu-
nich in 2016/17 and qualified
directly for the Champions
League, but is eager to keep
its playmaker Keita.
The 22-year-old has three
years left on his Leipzig con-
tract, although Liverpools
manager Jurgen Klopp is ea-
ger to lure him to Merseyside.
However Mateschitz, 73, the
co-founder of energy drinks
firm Red Bull, which backs RB
Leipzig, says the defensive mid-
fielder is not for sale.
We were flattered when
an offer of 75 million offer
for Naby Keita recently land-
ed at our door. No way! He still
has a contract and he will fulfil
it, Mateschitz told magazine
Sport Bild.
Mateschitz says selling Keita
will send the wrong message to
RBs other stars.
RB Leipzigs Germany
striker Timo Werner has been
linked to Real Madrid, while
Swedish midfielder Emil Fors-
berg is reportedly being chased
by Liverpool and Arsenal.
To sell him (Keita) would
not only be a sign of distrust for
our fans, but would also send
out the wrong signal to our oth-
er players, such as Timo Wer-
ner, who are also in demand,
added Mateschitz.
Leipzig will not sell talent-
ed players to boost its coffers.
We are not, and will never
be, Manchester City, added
Mateschitz. AFP
BY ADITI P R AKASH Wenger believes that Sanchezs
quotes were mistranslated when
BENGALURU: Arsenal manager he spoke to Chilean radio station
Arsene Wenger remains adamant Radio Sport.
that Alexis Sanchez is not for sale I dont give too
after the Frenchman dismissed the much importance
Chilean forwards comments about to things that
wanting to play in the Champions are translated,
League as meaning he is pushing you know,
to leave. Wenger add-
The 28-year-olds current deal ed. The whole
at the Emirates expires in 2018 but interview that I got
Wenger says the Chile international didnt really mean that.
will not be sold despite little sign of The main focus
a new contract being agreed. for us is to concen-
The decision has been made trate on the Premier
and we will stick to that, Wenger League and the Pre-
told reporters during the clubs mier League for me
preseason tour in China. The de- today is more impor-
cision is not to sell. tant than the Champions
British media reported on Sun- League.
day that Sanchez, who is the clubs We played 20 years in
top scorer this season with 30 goals, the Champions League,
would leave North London after thats 17 years before
saying he wanted to play in and Sanchez arrived and
win the Champions League. three years with him
Arsenal has not qualified for the so he can get us back
competition next season following in there.
its fifth-placed league finish and Wenger added that
Suning shares tumble after football deal put in spotlight
BY BR ENDA GOH AND P E I LI show aired on Tuesday night.
What is the purpose of acqui-
SHANGHAI/BEIJING: Shares in sitions like this?
Suning Commerce Group Co Ltd Beijing is on a drive to control
tumbled as much as 6% yester- risks in its financial system, includ-
day, after the Chinese retail giant ing firms taking on excessive lev-
was referenced in a state television els of debt to fund overseas deals.
programme broadly focusing on Chinese authorities clamped down
local firms making risky overseas on capital outflows and overseas
acquisitions. acquisitions last year.
China Central Television (CCTV) The curbs have drawn in oth-
mentioned Sunings 2016 purchase er major Chinese firms including
of a 70% stake in Italian football property developer Dalian Wanda
club Inter Milan for 270 million Group, Anbang Insurance Group,
as an example of a deal that po- Fosun International Ltd and HNA
tentially raised concerns. Group.
This famous club has been Chinese regulators have told
loss-making for five years, with total banks to stop providing funding for
losses of 275.9 million, the CCTV several of Dalian Wanda overseas ly to trade at 10.55 yuan by 0344
narrator said during the 25-minute purchases, sources familiar with
the transfer of strik-
er Robin van Persie
to Manchester United
during the final year
of his contract in 2012
shared no similarities
with Sanchezs situa-
tion.
Every case is dif-
ferent, Van Persie was
going from 30 to 31,
when he left he had
one year on his
contract, Wenger
said. Reuters
Sanchezs current
deal at the Emirates
expires in 2018. Photo
by Reuters
the matter said on Monday.
Suning, Chinas biggest electron-
ics retailer which is making a big
push into sports and media rights,
has not yet been publicly targeted
by regulators.
A Suning spokesman did not
respond to requests for comment.
However, another person at the
company, who did not want to be
named, said it was purely coin-
cidence that CCTV was discuss-
ing the deal at the time because
of the recent focus on outbound
investment.
Suning shares fell 6.5% to a
near-seven-week low of 10.22 yuan
(RM6.49), before recovering slight-
GMT. Reuters
Jakupovic from Hull City for an
undisclosed fee, both clubs con-
firmed yesterday. The 2015/16
Premier League champion has
brought in the Bosnian-born
Swiss on a three-year deal, with
the fee in the region of 2.5 mil-
lion (RM14 million), according
to British media reports. The
32-year-old left the Tigers Por-
tuguese training camp at the
weekend to finalise the move,
and hes now been confirmed
as the East Midlands clubs
third summer signing, follow-
ing in the footsteps of former
Hull teammate Harry Maguire
and Vicente Iborra, who arrived
from Sevilla. AFP
Hart completes West
Ham loan move
LONDON: Manchester Citys
England goalkeeper Joe Hart has
completed his season-long loan
move to Premier League rival
West Ham United, the club con-
firmed on Tuesday. The 30-year-
old spent last season on loan
at Italian side Torino after Pep
Guardiola took over as Man-
chester City boss last summer,
and Hart was told once again
that he was not in the Span-
iards plans. The Hammers are
believed to be paying a loan fee
of around 4.5 million (RM25.1
million) and the deal does not
include a buy-back option at
the end of the 2017/18 season.
AFP
Conte pens improved
Chelsea deal
LONDON: Chelsea manager
Antonio Conte signed a new
two-year deal with the Premier
League giant yesterday as the
club moved to quell reports of
a rift with the Italian. The deal
was confirmed as Conte, who
guided Chelsea to the title in
his first season, prepares to
take his squad on a preseason
tour of Asia. I am very hap-
py to have signed a new con-
tract with Chelsea, he said in a
statement on Chelseas official
website. AFP
THU R S DAY JU LY 20 , 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 0.825 0.795 7609 AJIYA 0.795 -0.015 1055.2 0.810 11.85 2.52 242.1
Sectorial Movement 0.160 0.065 9954 AKNIGHT 0.095 5.5
2.099 0.651 1.770 1.720 2674 ALCOM 1.730 UNCH 602.9 1.745 19.70 11.85 232.4
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.810 0.770 4758 ANCOM 0.780 -0.020 3152.8 0.789 20.97 170.8
3.550 1.095 3.100 3.040 6556 ANNJOO 3.060 -0.030 208.3 3.063 6.51 2.94 1,625.7
KLSE COMPOSITE 1,757.27 2.35 0.13 TECHNOLOGY 36.68 0.21 0.58
0.551 0.115 0.125 0.115 9342 ANZO 0.120 0.005 26164.5 0.120 96.4
KLSE INDUSTRIAL 3,269.31 2.57 0.08 FTSE BURSA 100 12,176.03 17.92 0.15 1.100 0.825 5568 APB 1.040 13.02 6.25 117.4
CONSUMER PRODUCT 627.17 0.82 0.13 FTSE BURSA MID 70 14,946.86 28.15 0.19 4.147 3.220 3.980 3.910 5015 APM 3.980 0.080 4.9 3.964 15.63 3.77 802.4
1.240 0.735 1.110 1.080 7214 ARANK 1.090 0.010 244.2 1.093 7.37 2.75 130.8
INDUSTRIAL PRODUCT 154.13 0.43 0.28 FTSE BURSA SMALL CAP 17,280.56 -5.91 -0.03
1.230 0.671 1.210 1.170 7162 ASTINO 1.210 0.040 1806.8 1.197 8.75 0.83 331.7
CONSTRUCTION 334.51 0.53 0.16 FTSE BURSA FLEDGLING 19,308.92 47.39 0.25 1.480 0.384 1.140 1.100 7099 ATTA 1.100 -0.020 794.7 1.113 4.57 7.10 119.1
TRADE & SERVICES 229.87 0.07 0.03 FTSE BURSA EMAS 12,534.47 16.93 0.14 1.140 0.300 7181 ATURMJU 0.315 19.2
2.550 1.442 2.170 2.130 8133 BHIC 2.170 UNCH 1.5 2.143 5.42 1.38 539.2
KLSE FINANCIAL 16,696.56 37.60 0.23 FTSE BUR MSIA ACE 6,801.56 -21.19 -0.31
0.570 0.390 7005 BIG 0.420 20.2
KLSE PROPERTY 1,280.76 1.58 0.12 FTSE BUR EMAS SHARIAH 12,728.35 18.32 0.14 0.560 0.095 0.560 0.505 7187 BKOON 0.530 -0.015 14524.7 0.537 146.7
KLSE PLANTATION 7,872.89 8.56 0.11 FTSE BUR HIJRAH SHARIAH 13,951.53 25.06 0.18 1.110 0.755 0.910 0.900 168 BOILERM 0.900 -0.005 64 0.906 20.09 1.67 464.4
2.425 1.640 6297 BOXPAK 1.640 196.9
KLSE MINING 490.39 Unch Unch FTSE/ASEAN 40 10,409.40 3.47 0.03
1.657 1.293 1.400 1.380 5100 BPPLAS 1.390 -0.010 17.7 1.397 16.61 5.76 260.9
0.400 0.295 0.310 0.310 9938 BRIGHT 0.310 0.005 15 0.310 50.9
0.675 0.210 0.490 0.455 7221 BSLCORP 0.475 0.025 963.6 0.475 6.32 46.6
0.365 0.200 0.255 0.245 7188 BTM 0.250 UNCH 384.9 0.247 56.82 31.3
3.785 3.182 3.480 3.460 5105 CANONE 3.470 0.010 389.5 3.467 7.37 1.15 666.8
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.200 1.910 2.060

1.650 0.782 1.540
1.800 1.450
2.040
1.490

7076
2879
8435
CBIP
CCM
CEPCO
2.050
1.530
1.450
UNCH
UNCH

214.5
98

2.046 9.21
1.505 57.09
73.23
2.93
3.27

1,103.4
700.2
64.9
1.150 1.020 8044 CFM 1.100 45.1
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.860 1.309 1.810 1.800 5007 CHINWEL 1.810 0.010 64.6 1.802 9.44 4.42 542.2
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.400 1.344 2.200 2.120 5797 CHOOBEE 2.130 -0.030 291.7 2.135 6.94 2.82 234.1
CONSUMER PRODUCTS 1.150 0.680 8052 CICB 1.110 28.24 55.5
0.795 0.550 0.560 0.550 7120 ACOSTEC 0.560 0.005 20.5 0.550 700.00 4.46 99.6 0.075 0.050 0.050 0.050 7018 CME 0.050 UNCH 9.9 0.050 24.3
4.887 3.576 4.700 4.700 7090 AHEALTH 4.700 UNCH 0.4 4.700 15.63 2.45 550.6 4.628 3.466 4.000 3.900 2852 CMSB 3.980 UNCH 316.5 3.954 22.40 1.58 4,276.0
25.800 12.677 25.800 25.100 2658 AJI 25.760 0.300 74.4 25.617 8.35 1.31 1,566.2 0.540 0.200 7986 CNASIA 0.400 0.79 18.2
0.380 0.210 7051 AMTEK 0.350 17.5 1.559 1.241 1.340 1.320 5071 COASTAL 1.330 0.010 293 1.327 15.18 1.50 707.0
6.007 4.970 5.430 5.300 6432 APOLLO 5.420 0.050 78.3 5.389 24.30 4.61 433.6 1.150 0.665 0.840 0.820 7195 COMCORP 0.825 0.005 1067.9 0.829 7.78 115.5
1.110 0.800 7722 ASIABRN 0.860 68.0 0.945 0.620 0.895 0.870 2127 COMFORT 0.875 -0.005 2730.6 0.881 10.06 488.9
3.979 3.140 3.220 3.210 7129 ASIAFLE 3.210 0.060 8 3.214 11.03 2.18 625.2 2.156 1.134 1.790 1.780 5094 CSCSTEL 1.780 -0.010 302.8 1.784 9.55 5.62 676.4
52.986 39.606 43.600 42.700 4162 BAT 43.600 0.600 272.7 43.393 18.73 4.98 12,449.1 0.015 0.005 22 CYBERT 0.005 0.5
0.120 0.035 0.090 0.080 7243 BIOOSMO 0.085 0.005 5858.4 0.085 67.6 0.838 0.705 0.710 0.710 7157 CYL 0.710 UNCH 11.7 0.710 56.35 5.63 71.0
0.740 0.540 0.590 0.585 9288 BONIA 0.585 -0.010 797.5 0.590 16.81 2.14 471.7 0.410 0.280 5082 CYMAO 0.325 24.4
3.110 1.514 2.990 2.940 7174 CAB 2.940 -0.050 250.4 2.963 12.45 0.34 568.9 2.380 1.692 2.200 2.190 8125 DAIBOCI 2.200 UNCH 87 2.198 30.22 2.00 721.4
0.549 0.465 0.475 0.475 7154 CAELY 0.475 UNCH 18 0.475 6.99 2.11 38.0 1.510 0.315 1.230 1.220 8176 DENKO 1.230 -0.010 41.3 1.230 128.5
0.340 0.260 0.290 0.290 7128 CAMRES 0.290 0.005 20.1 0.290 29.29 3.45 57.1 0.330 0.215 0.290 0.290 7114 DNONCE 0.290 UNCH 262.8 0.290 52.5
15.200 13.107 15.200 15.140 2836 CARLSBG 15.160 -0.020 37.7 15.185 22.13 4.75 4,670.5 0.435 0.280 0.290 0.285 5835 DOLMITE 0.290 0.005 10 0.287 131.82 79.0
1.028 0.519 0.920 0.895 7035 CCK 0.915 0.020 1895.2 0.912 12.17 2.19 288.6 0.430 0.250 5835PA DOLMITE-PA 0.270 3.3
2.388 1.867 2.130 2.130 7148 CCMDBIO 2.130 -0.020 29 2.130 20.80 3.05 594.2 0.600 0.155 0.255 0.235 5265 DOLPHIN 0.235 -0.010 3104 0.243 52.2
2.700 2.250 2.350 2.350 2828 CIHLDG 2.350 -0.020 2 2.350 15.64 2.13 380.7 1.310 1.046 1.270 1.250 7169 DOMINAN 1.270 UNCH 52.8 1.255 9.14 3.94 209.6
0.050 0.020 0.035 0.025 5188 CNOUHUA 0.035 0.010 104 0.029 23.4 1.860 0.887 1.720 1.670 1619 DRBHCOM 1.690 0.020 4837.7 1.698 1.18 3,267.2
3.180 1.745 3.080 3.030 7205 COCOLND 3.070 UNCH 306.9 3.068 15.63 5.05 702.4 1.606 0.540 1.440 1.330 7233 DUFU 1.400 0.060 2802.9 1.402 8.45 3.21 245.7
1.960 1.320 1.780 1.770 7202 CSCENIC 1.770 -0.010 151.7 1.773 16.68 6.21 213.3 0.985 0.795 0.800 0.795 8907 EG 0.800 -0.005 192.1 0.800 7.47 169.3
0.095 0.055 0.060 0.060 5214 CSL 0.060 -0.005 902 0.060 7.59 74.6 1.100 0.860 0.965 0.960 9016 EKSONS 0.965 0.020 8 0.962 158.5
0.810 0.685 0.695 0.695 9423 CWG 0.695 UNCH 1.2 0.695 3.85 5.04 58.5 0.927 0.510 0.770 0.750 7217 EMETALL 0.760 0.015 1371.7 0.759 17.43 3.29 130.1
0.060 0.025 0.030 0.025 7179 DBE 0.030 0.005 4696 0.030 100.0 41.4 0.885 0.500 0.600 0.600 7773 EPMB 0.600 UNCH 30 0.600 1.67 99.6
1.000 0.740 7119 DEGEM 0.970 11.62 2.58 130.0 0.443 0.367 0.410 0.405 190 ESAFE 0.410 -0.005 187.5 0.409 12.58 98.6
62.795 52.364 59.400 58.500 3026 DLADY 59.100 0.700 10 59.080 25.71 1.69 3,782.4 1.140 0.735 0.870 0.850 5101 EVERGRN 0.860 0.010 967.2 0.860 11.56 2.33 727.9
0.115 0.070 0.090 0.085 7198 DPS 0.090 UNCH 89.1 0.087 900.0 52.9 0.932 0.580 0.630 0.615 7249 EWEIN 0.630 -0.005 52.6 0.621 14.22 0.79 190.0
0.105 0.020 0.065 0.065 7182 EKA 0.065 -0.005 20 0.065 20.3 1.380 1.011 1.360 1.290 2984 FACBIND 1.350 0.030 249.3 1.341 12.03 1.85 115.0
0.360 0.140 0.265 0.250 9091 EMICO 0.250 -0.005 1863.6 0.258 15.72 24.0 3.020 2.270 2.830 2.810 7229 FAVCO 2.830 0.010 18.8 2.820 8.22 5.30 626.6
2.046 1.400 7149 ENGKAH 1.520 44.31 3.95 107.6 0.800 0.486 0.710 0.690 149 FIBON 0.695 0.005 545.5 0.699 10.61 1.80 68.1
0.270 0.195 0.200 0.195 7208 EURO 0.195 -0.005 178.4 0.198 25.32 47.4 2.370 2.020 2.300 2.300 3107 FIMACOR 2.300 UNCH 45.4 2.300 14.72 5.43 564.1
0.820 0.630 7094 EUROSP 0.730 32.4 1.820 1.368 1.740 1.720 5197 FLBHD 1.730 -0.010 398.7 1.732 8.07 8.67 178.5
26.000 21.887 25.460 24.360 3689 F&N 25.160 -0.120 331.6 25.232 24.41 2.29 9,228.1 1.420 1.330 1.340 1.340 3611 GBH 1.340 UNCH 2 1.340 154.02 250.0
1.205 0.815 0.950 0.900 2755 FCW 0.950 0.085 54 0.937 78.51 1.58 237.5 2.470 1.450 2.140 2.080 7197 GESHEN 2.090 -0.040 1124.3 2.109 9.84 167.2
0.875 0.620 0.690 0.680 8605 FFHB 0.680 -0.010 122.3 0.685 11.43 1.47 74.1 0.085 0.040 0.060 0.055 5220 GLOTEC 0.055 UNCH 1035 0.055 296.0
1.060 0.655 1.060 1.030 9172 FPI 1.040 -0.010 1021.7 1.043 11.87 5.77 257.3 0.735 0.220 7192 GOODWAY 0.245 27.1
2.070 0.725 1.710 1.710 7184 G3 1.710 -0.010 8 1.710 235.1 0.135 0.085 7096 GPA 0.100 12.20 98.0
1.340 0.858 1.300 1.240 5102 GCB 1.260 0.020 522.2 1.269 17.40 1.19 605.0 0.425 0.255 0.335 0.315 5649 GPHAROS 0.330 0.010 468.2 0.328 44.4
2.999 2.334 2.870 2.830 5606 GOLDIS 2.840 -0.020 35 2.850 8.33 0.70 1,736.4 0.245 0.196 0.215 0.205 136 GREENYB 0.210 UNCH 42 0.205 40.38 2.86 70.1
0.110 0.030 0.045 0.045 5187 HBGLOB 0.045 -0.005 50 0.045 21.1 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 308 0.105 55.4
19.100 15.038 17.780 17.700 3255 HEIM 17.740 -0.020 265.7 17.715 19.74 6.48 5,359.2 1.050 0.749 0.935 0.930 3247 GUH 0.935 UNCH 112.3 0.935 13.22 3.74 259.8
10.600 7.919 10.460 10.380 3301 HLIND 10.460 UNCH 33.2 10.430 11.65 3.35 3,429.9 1.180 0.235 0.900 0.830 5151 HALEX 0.890 -0.010 67.4 0.890 94.3
1.019 0.822 0.955 0.945 5160 HOMERIZ 0.950 0.005 130.9 0.950 10.50 4.21 285.0 7.400 3.996 6.860 6.740 5168 HARTA 6.760 0.010 1620.2 6.759 39.21 1.18 11,120.9
0.405 0.240 0.320 0.315 7213 HOVID 0.320 UNCH 887.2 0.316 23.36 3.13 262.7 6.600 2.950 5.390 5.390 7105 HCK 5.390 0.040 1 5.390 490.0 454.0
1.286 1.113 1.210 1.200 5024 HUPSENG 1.210 UNCH 153.1 1.210 20.44 3.31 968.0 6.300 1.990 5.910 5.780 4324 HENGYUAN 5.780 -0.080 392.4 5.857 3.38 1,734.0
0.630 0.450 8478 HWATAI 0.505 180.3 37.8 1.540 0.983 1.530 1.510 5095 HEVEA 1.530 0.010 2676.2 1.522 8.62 4.64 825.5
4.450 1.759 4.450 4.360 5107 IQGROUP 4.420 0.030 117 4.414 13.69 2.49 389.1 1.200 0.811 0.980 0.975 3298 HEXZA 0.975 -0.005 132 0.978 7.09 4.62 195.4
1.460 0.919 1.400 1.370 7152 JAYCORP 1.380 0.010 102 1.384 8.42 3.62 189.4 0.410 0.240 0.380 0.370 5072 HIAPTEK 0.375 UNCH 7223.6 0.375 12.63 0.80 491.1
0.740 0.505 0.600 0.600 8931 JERASIA 0.600 0.030 9.7 0.600 8.52 49.2 0.560 0.180 0.410 0.400 5199 HIBISCS 0.405 UNCH 7074 0.407 4.63 584.8
2.618 1.510 1.580 1.540 5247 KAREX 1.570 0.030 1723.5 1.556 42.32 1.27 1,573.7 1.276 0.840 7033 HIGHTEC 1.100 7.45 3.18 44.7
5.070 3.153 4.800 4.800 7216 KAWAN 4.800 0.080 11 4.800 34.88 0.52 1,294.3 1.250 0.700 1.130 1.120 8443 HIL 1.120 UNCH 233.9 1.121 19.02 1.34 312.2
0.260 0.040 0.160 0.160 8303 KFM 0.160 UNCH 1 0.160 10.9 0.405 0.270 5165 HOKHENG 0.350 35.35 28.0
0.920 0.716 0.785 0.780 6203 KHEESAN 0.785 UNCH 21.8 0.780 16.81 1.27 81.6 0.055 0.020 0.035 0.035 2739 HUAAN 0.035 UNCH 397.8 0.035 39.3
2.700 1.875 2.300 2.300 7062 KHIND 2.300 0.100 2 2.300 11.41 4.35 92.1 3.385 2.130 2.260 2.210 5000 HUMEIND 2.250 0.030 25.7 2.235 42.21 0.89 1,078.0
2.210 0.995 1.940 1.890 2 KOTRA 1.920 0.030 17.4 1.918 19.09 1.04 256.1 0.075 0.045 0.055 0.050 9601 HWGB 0.050 -0.005 108 0.055 49.9
0.140 0.050 0.090 0.080 5172 KSTAR 0.085 0.005 2260.1 0.086 24.9 0.890 0.730 9687 IDEALUBB 0.750 5.49 82.9
6.000 4.509 5.620 5.480 7006 LATITUD 5.580 0.110 168.6 5.585 7.29 2.15 542.4 2.070 1.700 1.800 1.770 7222 IMASPRO 1.800 0.100 13 1.788 18.13 1.94 144.0
0.950 0.785 9385 LAYHONG 0.905 30.17 0.55 550.9 0.300 0.165 7183 IRETEX 0.180 24.8
0.377 0.261 0.310 0.310 8079 LEESK 0.310 -0.010 9.7 0.310 10.99 3.23 52.0 0.085 0.055 0.060 0.055 7223 JADI 0.060 UNCH 229.4 0.056 56.5
3.332 2.674 3.240 3.220 7089 LIIHEN 3.240 0.010 533 3.229 7.85 4.94 583.2 0.175 0.137 0.145 0.145 8648 JASKITA 0.145 UNCH 40 0.145 6.90 65.2
0.820 0.710 0.750 0.745 7126 LONBISC 0.745 UNCH 120 0.748 9.61 139.0 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.680 1.680 7085 LTKM 1.680 -0.010 1 1.680 18.18 1.79 218.6 1.120 0.892 7043 JMR 1.100 169.2 139.5
7.920 3.722 7.500 7.350 7087 MAGNI 7.390 -0.090 282.5 7.409 10.01 1.89 1,202.6 1.729 0.825 1.530 1.510 7167 JOHOTIN 1.520 UNCH 504.4 1.519 7.54 1.73 419.9
0.045 0.015 0.020 0.015 5189 MAXWELL 0.020 UNCH 633 0.017 8.0 1.460 1.064 1.160 1.140 4383 JTIASA 1.150 0.010 1438.7 1.148 14.69 1.13 1,119.8
1.266 0.974 1.050 1.050 5886 MBG 1.050 -0.030 10 1.050 24.48 2.86 63.8 0.310 0.160 0.295 0.280 54 KARYON 0.280 -0.010 2705 0.287 26.42 133.2
2.500 1.285 2.470 2.410 3662 MFLOUR 2.470 0.020 1300.7 2.450 15.43 2.63 1,359.2 0.922 0.680 0.735 0.735 7199 KEINHIN 0.735 UNCH 95.6 0.735 10.32 2.04 72.8
0.990 0.800 7935 MILUX 0.880 47.9 0.545 0.340 0.365 0.365 6211 KIALIM 0.365 UNCH 14 0.365 22.6
5.005 4.020 4.050 4.030 5202 MSM 4.050 UNCH 3 4.037 106.30 3.46 2,847.1 3.009 2.733 2.980 2.960 3522 KIANJOO 2.970 0.010 28.7 2.966 9.76 1.35 1,319.2
0.035 0.030 5150 MSPORTS 0.035 21.2 2.363 1.511 1.940 1.880 5371 KIMHIN 1.880 -0.080 102.9 1.895 8.14 3.19 292.6
1.826 1.184 1.460 1.450 3921 MWE 1.450 UNCH 65.1 1.452 2.55 1.38 335.8 0.085 0.025 0.045 0.040 5060 KINSTEL 0.045 0.005 2730 0.044 47.2
85.200 72.962 84.000 83.900 4707 NESTLE 83.900 UNCH 70.9 83.996 30.42 3.22 19,674.6 1.700 1.090 1.230 1.190 9466 KKB 1.190 -0.030 109.7 1.201 3.36 306.8
4.880 2.672 4.580 4.500 7060 NHFATT 4.580 0.080 15.7 4.574 10.79 2.40 344.2 0.455 0.235 0.245 0.240 7164 KNM 0.245 UNCH 4114.4 0.241 528.3
0.130 0.070 0.090 0.085 7139 NICE 0.085 -0.005 533.6 0.086 24.29 28.3 1.129 0.751 0.940 0.885 6971 KOBAY 0.940 0.020 34.2 0.914 15.16 96.0
0.315 0.240 0.255 0.250 7215 NIHSIN 0.250 -0.005 338 0.252 59.6 0.376 0.240 0.255 0.245 7017 KOMARK 0.250 0.005 387.3 0.250 31.2
0.905 0.775 0.795 0.790 5066 NTPM 0.790 -0.005 243.8 0.791 17.95 3.04 887.3 7.150 5.565 7.000 6.890 7153 KOSSAN 6.970 -0.030 316.3 6.982 27.45 1.58 4,457.1
0.690 0.345 0.590 0.575 7071 OCR 0.590 0.010 1946.6 0.585 151.3 1.110 0.345 1.020 0.960 7130 KPOWER 0.980 UNCH 867.9 1.006 55.2
0.250 0.040 0.135 0.130 7071PA OCR-PA 0.130 0.005 4520.9 0.131 83.9 5.118 4.606 4.980 4.940 3476 KSENG 4.960 0.040 18.4 4.968 12.73 2.02 1,792.9
2.389 1.353 7107 OFI 1.670 21.97 2.40 400.8 0.580 0.341 0.520 0.500 5192 KSSC 0.505 0.010 572 0.512 9.15 2.97 48.5
7.300 6.290 6.610 6.590 4006 ORIENT 6.600 UNCH 35.2 6.604 14.80 3.03 4,094.6 0.775 0.295 0.705 0.680 8362 KYM 0.690 -0.005 575.6 0.689 26.44 103.4
3.840 2.222 3.840 3.750 7052 PADINI 3.840 0.090 1109.6 3.802 16.27 2.60 2,526.4 8.400 5.060 5.770 5.710 3794 LAFMSIA 5.760 0.050 1245.2 5.747 729.11 3.47 4,894.2
38.422 30.120 37.340 37.060 3719 PANAMY 37.200 -0.140 0.6 37.153 17.80 3.74 2,259.7 0.940 0.549 0.775 0.760 9326 LBALUM 0.770 -0.005 902.1 0.765 10.65 2.60 191.3
0.774 0.516 5022 PAOS 0.530 32.92 3.08 96.0 0.614 0.448 0.515 0.515 5092 LCTH 0.515 UNCH 363 0.515 13.07 4.85 185.4
0.650 0.300 0.460 0.455 9407 PARAGON 0.460 -0.025 14.7 0.457 20.44 32.2 6.530 6.330 6.430 6.400 5284 LCTITAN 6.410 UNCH 588.5 6.406 8.42 14,792.9
0.660 0.310 6068 PCCS 0.500 30.0 0.844 0.417 0.730 0.715 5232 LEONFB 0.725 0.005 1273.8 0.722 6.27 2.07 224.8
1.060 0.700 0.890 0.870 5231 PELIKAN 0.890 0.020 14.9 0.870 181.63 492.4 0.440 0.100 0.315 0.295 8745 LEWEKO 0.300 UNCH 1712.6 0.305 96.6
0.235 0.145 0.190 0.185 4081 PMCORP 0.185 -0.005 13 0.186 10.28 143.1 0.080 0.020 0.050 0.045 2887 LIONDIV 0.045 -0.005 160 0.047 62.6
0.515 0.441 0.495 0.495 5080 POHKONG 0.495 UNCH 5.8 0.495 11.25 2.02 203.1 1.280 0.275 1.200 1.160 4235 LIONIND 1.180 0.020 3512 1.185 847.1
1.998 1.422 1.940 1.920 7088 POHUAT 1.940 UNCH 41.5 1.929 7.22 4.12 440.3 0.665 0.285 0.600 0.585 9881 LSTEEL 0.590 0.010 1576.2 0.594 8.53 75.5
17.300 15.159 16.840 16.720 4065 PPB 16.720 -0.120 316.9 16.775 17.13 1.50 19,821.6 0.160 0.050 0.120 0.120 5068 LUSTER 0.120 UNCH 12961.9 0.120 237.1
0.720 0.489 7190 PPG 0.610 11.73 2.26 61.0 3.875 3.336 3.790 3.720 9199 LYSAGHT 3.750 0.030 35 3.740 9.94 1.87 155.9
1.686 1.260 1.290 1.270 8966 PRLEXUS 1.270 -0.020 344.1 1.272 8.92 2.36 227.2 1.280 0.500 1.040 1.010 5098 MASTEEL 1.030 UNCH 875.7 1.023 8.17 251.8
1.170 0.636 1.030 1.010 7134 PWF 1.010 -0.020 186.7 1.022 16.97 2.69 169.1 0.855 0.475 0.690 0.675 7029 MASTER 0.685 UNCH 139.6 0.683 11.98 1.46 37.4
2.705 1.840 2.350 2.340 7237 PWROOT 2.350 UNCH 182.2 2.349 16.55 4.89 775.2 1.170 0.863 1.030 1.020 5152 MBL 1.020 UNCH 16.1 1.025 7.40 3.92 93.8
5.000 4.143 4.910 4.890 7084 QL 4.900 -0.010 1122.6 4.893 31.21 0.87 6,115.3 0.870 0.618 0.810 0.810 7004 MCEHLDG 0.810 UNCH 93.7 0.810 21.26 1.85 36.0
2.380 1.460 2.360 2.350 9946 REX 2.350 -0.010 27.8 2.353 104.91 0.85 144.9 0.660 0.290 0.305 0.300 3778 MELEWAR 0.300 UNCH 52 0.301 67.7
1.890 1.060 1.530 1.500 183 SALUTE 1.530 0.030 301 1.522 23.47 1.57 593.6 0.789 0.478 5223 MENTIGA 0.690 9.77 1.45 48.3
1.609 1.000 1.410 1.370 5252 SASBADI 1.410 0.040 14.5 1.386 22.24 1.60 394.0 1.426 1.062 1.290 1.260 8192 MERCURY 1.290 UNCH 39.4 1.280 13.65 9.30 51.8
0.390 0.275 5157 SAUDEE 0.340 377.7 40.8 1.837 1.596 6149 METROD 1.710 17.57 3.51 205.2
1.430 1.000 1.390 1.380 7180 SERNKOU 1.380 -0.010 18.9 1.385 165.6 1.068 0.333 0.920 0.910 5001 MIECO 0.915 -0.005 628.3 0.917 8.43 4.37 480.4
0.845 0.580 0.645 0.645 7165 SGB 0.645 -0.005 50 0.645 110.3 0.150 0.075 0.130 0.125 7219 MINETEC 0.125 UNCH 1247 0.130 91.4
0.220 0.060 0.200 0.195 7165PA SGB-PA 0.195 -0.010 320 0.199 87.2 0.784 0.515 0.530 0.515 5576 MINHO 0.525 0.005 48.1 0.520 9.04 115.3
2.065 1.480 7412 SHH 1.510 14.30 6.62 75.5 4.403 2.677 3.920 3.910 5916 MSC 3.910 -0.010 9 3.919 14.59 2.05 391.0
1.070 0.800 0.915 0.905 7246 SIGN 0.905 0.005 20.9 0.907 5.02 5.52 217.5 2.070 1.373 1.530 1.510 3883 MUDA 1.520 0.010 64 1.513 17.92 1.97 463.7
0.915 0.194 0.705 0.685 8532 SINOTOP 0.700 UNCH 187.4 0.699 51.85 276.4 1.200 0.435 0.800 0.780 5087 MYCRON 0.790 UNCH 350.7 0.790 6.16 224.0
0.865 0.600 0.705 0.670 9776 SMCAP 0.675 -0.025 149 0.683 35.34 41.2 0.240 0.035 7002 NAKA 0.180 10.0
0.385 0.200 0.335 0.335 7943 SNC 0.335 UNCH 20 0.335 44.67 22.1 0.385 0.190 0.205 0.195 5025 NWP 0.200 UNCH 310.1 0.200 72.2
2.548 2.155 7103 SPRITZER 2.450 17.79 2.36 447.4 1.190 0.492 1.050 1.030 4944 NYLEX 1.050 0.010 1009.7 1.046 10.04 1.90 204.1
1.500 1.020 1.150 1.130 7186 SWSCAP 1.130 UNCH 10 1.140 70.19 0.88 164.8 1.940 1.119 1.900 1.850 7140 OKA 1.880 0.010 317.6 1.880 11.01 2.93 306.7
0.669 0.492 0.530 0.520 7082 SYF 0.525 UNCH 576.4 0.524 8.41 1.90 325.1 1.320 0.865 1.270 1.250 5065 ORNA 1.270 0.020 131 1.264 10.23 2.36 95.6
0.505 0.280 7211 TAFI 0.405 32.4 0.085 0.055 0.065 0.065 7225 PA 0.065 0.005 50 0.065 61.5
1.979 1.651 1.790 1.730 4405 TCHONG 1.740 -0.020 46.5 1.758 1.15 1,169.3 7.800 6.260 6.940 6.890 5183 PCHEM 6.940 0.030 4782.3 6.912 15.31 2.74 55,520.0
1.402 0.505 0.515 0.510 7200 TEKSENG 0.515 UNCH 204.6 0.512 9.55 3.88 179.3 2.020 1.454 1.650 1.640 5271 PECCA 1.650 -0.010 4.5 1.650 20.78 2.42 310.2
1.250 0.865 0.875 0.865 7252 TEOSENG 0.865 -0.005 299.8 0.870 16.99 1.73 259.5 0.801 0.605 0.630 0.630 9997 PENSONI 0.630 UNCH 13 0.630 10.77 4.76 81.7
1.510 1.230 9369 TGL 1.400 18.72 5.36 57.0 8.150 5.662 7.950 7.830 5436 PERSTIM 7.940 UNCH 11.8 7.937 14.30 5.04 788.5
0.620 0.400 0.595 0.590 7230 TOMEI 0.595 0.025 7.5 0.590 14.69 82.5 21.925 17.949 18.860 18.660 6033 PETGAS 18.860 0.080 760.7 18.803 21.27 3.34 37,318.9
0.560 0.390 7176 TPC 0.410 44.09 95.9 8.710 3.416 8.640 8.450 3042 PETRONM 8.460 -0.100 138.6 8.561 6.93 2.60 2,284.2
6.461 4.089 5.770 5.690 4588 UMW 5.700 UNCH 129.2 5.705 3.51 6,659.3 2.476 1.595 2.320 2.310 7095 PIE 2.320 UNCH 436.8 2.317 19.55 1.03 891.0
2.470 1.934 2.410 2.410 7757 UPA 2.410 UNCH 2 2.410 5.76 3.32 191.8 2.580 1.277 2.250 2.220 7172 PMBTECH 2.220 -0.070 31 2.234 16.11 1.80 177.6
1.668 0.677 1.400 1.380 7203 WANGZNG 1.380 -0.020 385.6 1.386 12.01 2.90 220.8 2.977 2.530 2.670 2.630 8869 PMETAL 2.670 0.010 729.9 2.656 18.26 1.90 9,968.8
0.325 0.080 0.275 0.265 5156 XDL 0.270 0.005 3176.2 0.269 30.34 181.9 0.575 0.450 6637 PNEPCB 0.525 13.85 69.0
0.615 0.360 0.565 0.555 7121 XIANLNG 0.565 0.015 130 0.558 41.1 0.995 0.270 0.740 0.515 8117 POLY 0.640 0.125 862.6 0.648 2.98 102.4
0.200 0.020 5155 XINQUAN 0.055 26.7 1.670 0.920 1.640 1.610 8273 PPHB 1.620 UNCH 169.1 1.627 9.98 178.0
2.822 2.175 2.430 2.370 5584 YEELEE 2.430 0.040 120.8 2.401 11.63 1.85 464.8 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
1.440 1.034 1.430 1.400 5159 YOCB 1.420 -0.010 360.9 1.419 9.77 2.82 227.2 1.370 0.501 1.240 1.210 9873 PRESTAR 1.230 UNCH 368.3 1.230 7.23 2.44 249.2
2.960 1.744 2.920 2.860 7178 YSPSAH 2.880 UNCH 101.6 2.899 12.32 2.43 393.2 1.110 0.635 1.080 1.030 7168 PRG 1.050 0.030 501.1 1.054 87.50 0.48 313.8
1.957 1.160 1.730 1.630 5131 ZHULIAN 1.680 0.030 374.7 1.686 14.50 3.57 772.8 0.330 0.085 0.260 0.250 7123 PWORTH 0.250 -0.010 5273.1 0.253 96.15 232.7
INDUSTRIAL PRODUCTS 1.380 1.080 1.200 1.120 7544 QUALITY 1.120 -0.060 10.1 1.199 64.9
1.420 0.922 1.350 1.330 12 3A 1.350 UNCH 450.5 1.334 15.61 1.07 664.2 0.800 0.510 7498 RALCO 0.750 31.5
0.210 0.085 0.145 0.130 7086 ABLEGRP 0.140 0.005 3746.9 0.139 36.9 5.860 5.320 5.740 5.740 7765 RAPID 5.740 UNCH 169.6 5.740 786.3 613.6
0.400 0.200 0.365 0.360 7131 ACME 0.365 0.035 103 0.363 79.7 0.745 0.400 0.425 0.415 5256 REACH 0.415 -0.005 694.6 0.420 18.36 455.0
0.900 0.630 0.700 0.695 7191 ADVENTA 0.695 0.010 24.1 0.697 3475 106.2 0.655 0.390 0.590 0.570 7232 RESINTC 0.580 -0.005 383.1 0.578 8.80 2.07 79.6
2.694 2.039 2.200 2.200 9148 ADVPKG 2.200 UNCH 18.7 2.200 18.29 5.45 45.1 1.190 0.595 1.190 1.150 9741 ROHAS 1.160 0.020 1772.1 1.168 463.8
0.220 0.135 0.200 0.190 7146 AEM 0.195 -0.005 1781.7 0.199 58.4 0.844 0.715 0.780 0.780 7803 RUBEREX 0.780 UNCH 10 0.780 8.69 1.60 196.7
0.500 0.365 0.400 0.395 5198 AFUJIYA 0.400 0.010 50.1 0.400 22.22 72.0 5.250 3.604 4.900 4.810 5134 SAB 4.900 0.100 10.1 4.829 13.79 1.02 671.0
0.635 0.380 0.480 0.480 2682 AISB 0.480 0.020 3 0.480 14.29 69.3 8.216 4.773 8.100 7.930 9822 SAM 7.950 -0.090 114.3 7.973 21.82 1.29 1,001.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
26 Markets T HU R SDAY JU LY 2 0 , 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)
1.010 0.853 0.985 0.985 7811 SAPIND 0.985 0.005 10 0.985 11.64 6.09 71.7 2.087 1.065 1.770 1.770 5208 EITA 1.770 -0.010 10.5 1.770 8.49 2.26 230.1
1.383 0.984 1.140 1.130 5170 SCABLE 1.130 0.010 96.9 1.133 18.46 2.65 358.3 1.508 1.102 1.340 1.300 5056 ENGTEX 1.330 0.030 3820.6 1.325 6.56 0.75 476.7
4.329 2.670 4.180 4.120 7247 SCGM 4.180 0.080 36.5 4.136 24.34 1.91 606.9 0.624 0.370 0.545 0.530 6939 FIAMMA 0.540 0.010 1546.3 0.545 11.00 2.78 286.2
0.770 0.520 9237 SCIB 0.630 34.81 51.0 0.440 0.380 0.405 0.400 9318 FITTERS 0.405 0.005 73.1 0.400 1.48 194.6
8.928 5.880 8.730 8.670 4731 SCIENTX 8.730 0.090 267.6 8.705 19.13 1.83 4,221.5 1.468 1.084 1.270 1.270 7210 FREIGHT 1.270 UNCH 1 1.270 10.93 3.94 236.4
0.345 0.250 0.280 0.280 7239 SCNWOLF 0.280 UNCH 41 0.280 24.5 0.385 0.135 0.380 0.365 128 FRONTKN 0.365 -0.015 27770 0.372 14.48 384.5
0.525 0.135 7366 SCOMIEN 0.270 92.4 0.290 0.150 9377 FSBM 0.195 27.6
1.660 0.660 1.430 1.410 7073 SEACERA 1.430 0.010 1085 1.421 76.06 2.10 351.9 3.096 2.244 2.990 2.920 5209 GASMSIA 2.990 0.060 212.9 2.945 22.91 4.30 3,839.2
0.230 0.140 0.160 0.155 5145 SEALINK 0.160 UNCH 200 0.160 80.0 0.820 0.615 0.740 0.700 78 GDEX 0.705 UNCH 24093.3 0.719 100.71 0.35 3,931.2
0.765 0.250 0.655 0.650 5163 SEB 0.655 -0.005 120.5 0.653 52.4 6.302 4.138 5.820 5.750 4715 GENM 5.820 0.070 5174.7 5.801 10.82 1.58 34,559.4
1.060 0.388 0.940 0.850 5181 SIGGAS 0.935 0.065 4130.3 0.910 38.80 1.28 175.3 10.000 7.449 9.580 9.330 3182 GENTING 9.340 -0.110 2937.6 9.442 13.28 0.64 35,639.8
1.040 0.550 0.800 0.800 7115 SKBSHUT 0.800 0.020 1.5 0.800 11.92 32.0 4.397 1.538 4.220 4.140 3204 GKENT 4.160 UNCH 788.2 4.186 14.92 2.40 1,562.1
1.440 1.121 1.330 1.320 7155 SKPRES 1.320 -0.010 2745.1 1.324 14.81 2.65 1,650.2 0.555 0.300 0.465 0.455 7676 GUNUNG 0.460 -0.015 267 0.460 108.6
3.021 1.949 2.470 2.400 7248 SLP 2.460 0.090 9.3 2.450 23.93 1.83 649.8 4.390 1.834 4.370 4.280 7668 HAIO 4.350 -0.020 119.9 4.332 23.73 2.45 1,299.1
0.700 0.585 7132 SMISCOR 0.630 3.97 28.2 0.335 0.200 0.220 0.220 7253 HANDAL 0.220 0.005 19 0.220 35.2
1.780 0.884 1.660 1.620 5665 SSTEEL 1.620 UNCH 343.3 1.641 1.85 695.0 9.350 7.192 9.190 9.050 3034 HAPSENG 9.080 -0.070 382.6 9.086 21.29 3.85 22,606.3
0.340 0.065 0.280 0.260 7143 STONE 0.260 -0.015 212 0.264 23.4 1.121 0.685 0.690 0.685 2062 HARBOUR 0.690 UNCH 76 0.690 8.30 2.90 276.3
1.550 1.340 1.360 1.360 6904 SUBUR 1.360 -0.010 1 1.360 284.2 4.077 2.740 3.950 3.930 5008 HARISON 3.930 -0.030 18 3.938 12.72 6.36 269.2
4.320 1.535 3.490 3.470 7207 SUCCESS 3.480 -0.010 20.5 3.485 10.74 1.44 427.0 0.150 0.050 0.060 0.060 7013 HUBLINE 0.060 UNCH 1580.2 0.060 59.7
2.380 1.764 2.380 2.330 7235 SUPERLN 2.340 -0.010 300.1 2.351 15.66 1.18 374.4 0.480 0.220 0.245 0.235 5255 ICON 0.240 -0.005 1972.4 0.240 282.5
2.324 1.852 1.960 1.930 7106 SUPERMX 1.940 0.020 423.9 1.948 22.12 1.29 1,319.5 6.696 5.512 5.950 5.900 5225 IHH 5.950 0.040 2043.7 5.932 57.82 0.50 49,022.3
4.210 3.317 3.500 3.420 5012 TAANN 3.500 0.010 252.2 3.472 10.20 3.45 1,557.0 0.330 0.180 0.205 0.195 5079 KBES 0.205 0.005 20 0.204 25.8
0.545 0.350 0.420 0.390 4022 TADMAX 0.410 0.020 6064.2 0.408 220.8 1.960 1.690 1.850 1.850 6491 KFIMA 1.850 UNCH 81.5 1.850 17.19 4.86 522.1
0.415 0.235 0.310 0.305 5149 TAS 0.305 UNCH 28.9 0.309 54.9 0.739 0.236 0.705 0.660 151 KGB 0.700 0.040 6969 0.689 14.61 1.43 160.9
14.658 12.135 13.000 13.000 4448 TASEK 13.000 UNCH 1.3 13.00 50.62 9.23 1,607.1 1.680 1.020 1.150 1.150 5035 KNUSFOR 1.150 -0.030 0.1 1.150 1.74 114.6
0.290 0.090 0.210 0.195 5178 TATGIAP 0.200 0.005 1896.6 0.203 31.0 4.290 3.803 4.230 4.190 5878 KPJ 4.220 -0.010 127.4 4.202 30.45 1.66 4,499.5
1.220 0.290 1.170 1.150 7097 TAWIN 1.170 UNCH 337.8 1.159 15.52 75.2 1.678 0.974 1.370 1.360 5843 KPS 1.370 0.010 171 1.364 1141.6 4.56 683.6
2.920 1.020 1.850 1.750 7439 TECGUAN 1.850 0.170 2 1.800 10.60 74.2 0.590 0.485 0.540 0.530 9121 KPSCB 0.530 -0.005 37 0.537 10.82 78.3
0.700 0.285 6378 TEKALA 0.640 97.9 0.225 0.115 0.155 0.150 4847 KTB 0.155 0.005 903.1 0.150 62.4
4.870 3.870 4.360 4.310 7034 TGUAN 4.350 0.030 222.7 4.342 8.58 2.76 573.1 0.628 0.299 0.520 0.500 6874 KUB 0.515 0.015 2800 0.513 11.50 1.94 286.6
2.166 1.470 1.910 1.900 7374 TIENWAH 1.910 -0.010 9 1.909 4.82 6.28 276.5 0.380 0.240 0.275 0.265 7170 LFECORP 0.270 UNCH 1130.5 0.270 28.72 49.0
0.800 0.560 7854 TIMWELL 0.650 57.9 0.650 0.420 0.545 0.530 8486 LIONFIB 0.545 -0.015 36 0.544 126.2
1.080 0.595 1.060 1.010 7285 TOMYPAK 1.040 0.020 647.1 1.042 17.33 3.08 435.6 2.260 1.367 2.220 2.180 5143 LUXCHEM 2.210 UNCH 786.5 2.202 12.02 3.17 619.1
3.760 1.712 3.540 3.510 5010 TONGHER 3.540 0.010 36.9 3.518 10.55 8.47 557.3 2.421 1.670 1.730 1.710 3859 MAGNUM 1.730 0.020 555.7 1.728 16.26 7.51 2,487.3
5.878 4.087 5.710 5.660 7113 TOPGLOV 5.680 -0.050 887.1 5.680 23.78 2.55 7,134.7 1.700 1.010 1.070 1.030 5264 MALAKOF 1.050 -0.010 3783.9 1.049 14.17 6.67 5,250.0
0.850 0.495 7173 TOYOINK 0.700 74.9 0.179 0.141 0.155 0.150 3514 MARCO 0.150 -0.005 568 0.150 9.04 3.33 158.1
0.230 0.145 4359 TURIYA 0.190 43.5 6.549 5.415 5.590 5.560 6012 MAXIS 5.560 -0.010 2106.1 5.567 20.89 3.60 43,426.4
1.890 1.444 1.880 1.870 7100 UCHITEC 1.870 -0.010 221.7 1.870 13.86 6.95 832.3 0.955 0.680 0.725 0.720 5077 MAYBULK 0.720 0.005 123.6 0.722 720.0
6.458 3.310 4.240 4.180 7133 ULICORP 4.240 UNCH 3.9 4.211 22.05 2.83 615.6 2.636 2.054 2.210 2.200 5983 MBMR 2.200 UNCH 6.3 2.202 12.81 2.73 860.0
1.425 1.150 1.270 1.270 7227 UMSNGB 1.270 UNCH 39 1.270 9.20 2.36 101.6 1.415 0.865 0.925 0.905 4502 MEDIA 0.910 -0.010 714.1 0.915 8.79 1,009.4
1.680 1.000 1.330 1.300 4995 VERSATL 1.300 -0.010 1532.1 1.312 2166.6 152.5 0.729 0.495 0.520 0.500 5090 MEDIAC 0.510 0.010 2456.2 0.510 12.85 6.02 860.5
2.099 1.257 2.040 2.000 6963 VS 2.000 -0.010 6154 2.024 18.05 2.42 2,407.4 1.070 0.550 0.895 0.865 7234 MESB 0.885 -0.015 23.3 0.889 37.2
1.010 0.736 0.925 0.900 5142 WASEONG 0.900 UNCH 349.6 0.906 0.56 697.4 4.000 1.768 3.860 3.810 3069 MFCB 3.850 -0.010 46.3 3.819 10.08 1.30 1,547.9
0.485 0.345 0.425 0.425 7226 WATTA 0.425 0.005 44.3 0.425 35.9 1.160 0.750 0.780 0.750 5186 MHB 0.755 -0.025 883.7 0.762 1,208.0
2.050 1.471 1.980 1.970 7111 WEIDA 1.970 -0.010 78.8 1.980 13.79 1.52 262.7 7.827 6.785 7.380 7.310 3816 MISC 7.370 0.030 1014.4 7.344 12.25 3.66 32,898.2
2.349 1.741 2.200 2.150 7231 WELLCAL 2.160 -0.040 40.8 2.180 21.11 4.26 717.0 2.606 1.996 2.370 2.350 2194 MMCCORP 2.360 -0.010 71.9 2.353 13.00 1.69 7,186.3
0.845 0.570 0.750 0.685 7050 WONG 0.750 0.075 155.5 0.689 136.36 68.8 0.395 0.205 0.330 0.320 59 MMODE 0.325 UNCH 414.9 0.322 1.85 52.9
0.700 0.430 7025 WOODLAN 0.550 14.55 22.0 0.100 0.050 0.055 0.050 43 MTRONIC 0.055 UNCH 41 0.052 52.2
2.084 1.836 1.960 1.950 5009 WTHORSE 1.960 -0.010 23.1 1.953 30.72 5.10 470.4 0.280 0.115 0.190 0.180 3891 MUIIND 0.180 -0.005 2204.4 0.184 527.9
1.145 0.870 0.880 0.875 4243 WTK 0.880 0.005 95.4 0.879 87.13 2.27 423.6 3.050 1.950 2.160 2.120 3905 MULPHA 2.150 0.020 298 2.138 22.42 687.2
1.380 0.953 1.090 1.070 7245 WZSATU 1.070 -0.010 58.6 1.079 13.18 1.87 373.3 2.370 1.385 2.200 2.130 138 MYEG 2.160 0.020 7175.3 2.176 40.15 0.63 7,789.6
0.975 0.745 0.770 0.770 5048 YILAI 0.770 UNCH 11 0.770 35.65 123.2 0.910 0.305 0.870 0.785 9806 NATWIDE 0.820 0.040 1732.7 0.832 98.6
0.400 0.180 0.220 0.215 7020 YKGI 0.220 0.005 181.3 0.220 76.6 0.140 0.070 0.080 0.080 4464 NICORP 0.080 UNCH 350 0.080 6.78 69.1
0.700 0.380 0.540 0.530 7014 YLI 0.540 0.015 15 0.537 10.61 55.6 0.828 0.631 0.725 0.720 5533 OCB 0.720 UNCH 50 0.724 12.97 1.39 74.1
CONSTRUCTION 0.985 0.750 0.930 0.910 172 OCK 0.920 0.005 1528.4 0.918 28.22 0.65 801.8
1.020 0.735 1.020 0.900 5281 ADVCON 1.000 0.090 42883 0.980 14.03 402.1 3.460 1.614 2.820 2.750 5201 OLDTOWN 2.790 0.040 141.1 2.787 20.74 2.69 1,292.4
0.750 0.280 7007 ARK 0.480 23.4 0.210 0.070 0.130 0.125 3018 OLYMPIA 0.125 -0.005 1056.2 0.127 26.04 127.9
1.200 0.600 1.190 1.120 7078 AZRB 1.160 0.020 769 1.165 19.30 1.72 616.6 2.540 1.540 1.560 1.540 5260 OWG 1.540 -0.020 804.2 1.548 56.41 374.0
0.793 0.576 0.655 0.655 6173 BDB 0.655 -0.005 10 0.655 6.23 6.87 199.0 0.510 0.390 8419 PANSAR 0.405 23.14 2.47 113.4
0.625 0.351 0.445 0.420 5190 BENALEC 0.430 0.010 3933.6 0.435 24.29 1.63 349.1 0.665 0.435 0.650 0.630 5125 PANTECH 0.635 UNCH 2690.5 0.639 15.84 2.57 470.9
0.510 0.375 0.385 0.375 5932 BPURI 0.385 0.005 570.1 0.381 110.00 102.9 0.885 0.550 0.565 0.555 5657 PARKSON 0.555 -0.005 319.2 0.558 607.1
1.070 0.790 1.050 1.020 8761 BREM 1.040 0.010 3094.8 1.031 75.91 359.3 1.310 0.999 1.290 1.280 5041 PBA 1.280 -0.010 26 1.283 6.34 3.13 424.0
1.180 0.835 1.080 1.070 8591 CRESBLD 1.080 UNCH 121.9 1.076 10.98 3.70 191.1 0.135 0.045 0.050 0.045 6254 PDZ 0.050 UNCH 1166 0.050 43.5
2.120 1.460 7528 DKLS 1.880 3.48 1.60 174.3 1.250 0.867 1.150 1.100 5133 PENERGY 1.140 -0.010 120.5 1.134 1.75 366.8
2.730 1.339 2.730 2.670 5253 ECONBHD 2.680 -0.010 1152.3 2.690 18.28 1.68 1,433.8 1.550 1.540 7108 PERDANA 1.540 1,198.8
1.520 0.985 1.240 1.130 8877 EKOVEST 1.130 -0.040 46058.7 1.190 10.62 1.06 2,417.3 0.240 0.040 0.050 0.045 47 PERISAI 0.045 UNCH 1092 0.045 56.7
1.010 0.482 0.960 0.925 7047 FAJAR 0.950 0.005 2999.3 0.940 13.49 2.63 349.2 0.290 0.115 0.235 0.210 7080 PERMAJU 0.215 -0.010 629.2 0.221 42.1
1.370 0.885 1.310 1.280 9261 GADANG 1.310 0.020 3032.8 1.300 8.98 2.14 861.2 1.770 1.413 1.560 1.550 5219 PESTECH 1.560 0.010 150.1 1.559 21.31 1,190.9
5.459 4.541 5.360 5.300 5398 GAMUDA 5.320 -0.040 3642.9 5.325 19.78 2.26 13,031.7 25.245 22.248 23.720 23.680 5681 PETDAG 23.700 UNCH 155.1 23.698 24.91 3.04 23,544.9
1.490 0.815 1.400 1.390 5226 GBGAQRS 1.400 UNCH 356.7 1.397 15.61 547.3 0.250 0.030 7027 PETONE 0.055 8.33 2.8
0.920 0.710 0.805 0.795 5169 HOHUP 0.795 UNCH 214.2 0.796 4.77 298.0 5.624 4.370 4.520 4.470 7081 PHARMA 4.520 0.010 341.2 4.504 25.38 3.54 1,172.4
1.846 1.560 1.590 1.570 6238 HSL 1.580 UNCH 58.7 1.579 16.88 1.52 920.6 0.189 0.118 0.165 0.160 7201 PICORP 0.165 UNCH 419 0.162 3.70 108.6
3.557 2.998 3.470 3.440 3336 IJM 3.460 0.020 3906.3 3.458 19.06 2.17 12,549.3 0.420 0.220 7163 PJBUMI 0.275 22.6
0.765 0.565 0.685 0.670 5268 IKHMAS 0.675 UNCH 470.4 0.679 68.18 0.74 351.0 5.780 2.663 5.170 5.070 4634 POS 5.150 0.080 1708.4 5.133 39.95 2.27 4,031.3
0.360 0.290 0.320 0.305 192 INTA 0.315 0.010 12082.5 0.313 0.26 168.6 2.530 1.800 2.390 2.170 5204 PRESBHD 2.190 -0.190 7387.5 2.238 117.11 1.37 1,060.0
0.710 0.500 0.615 0.580 8834 IREKA 0.615 UNCH 11 0.583 22.95 105.1 2.590 1.640 1.760 1.700 8346 PRKCORP 1.760 0.010 10.5 1.703 176.0
1.790 0.900 1.460 1.420 4723 JAKS 1.450 0.030 2315.5 1.443 87.88 699.2 0.320 0.155 0.315 0.300 186 PTRANS 0.305 UNCH 4138.1 0.307 12.87 1.48 348.6
0.500 0.210 0.295 0.275 9083 JETSON 0.280 -0.005 2458.6 0.284 56.6 0.932 0.820 0.840 0.835 5272 RANHILL 0.835 -0.005 183.3 0.839 8.57 9.34 741.7
3.570 2.030 3.570 3.520 7161 KERJAYA 3.520 -0.050 191.3 3.537 15.45 1.56 1,820.3 0.360 0.155 0.300 0.295 37 RGB 0.295 UNCH 5449.1 0.296 15.45 2.03 394.7
2.345 1.706 2.230 2.230 5171 KIMLUN 2.230 -0.020 3.7 2.230 8.58 2.91 692.3 0.385 0.305 0.320 0.305 8885 RPB 0.305 UNCH 107.3 0.307 261.9
1.540 1.010 9628 LEBTECH 1.500 156.2 204.7 0.687 0.500 0.540 0.520 8567 SALCON 0.525 0.005 3058.2 0.527 3.60 355.8
1.240 0.684 0.840 0.840 5129 MELATI 0.840 -0.010 20 0.840 4.60 2.08 100.8 1.147 0.358 0.910 0.895 5147 SAMCHEM 0.900 0.005 375.3 0.902 14.90 3.61 244.8
0.575 0.240 0.520 0.485 5006 MERGE 0.500 0.010 1139.2 0.504 19.84 33.5 0.315 0.110 0.260 0.245 9113 SANBUMI 0.260 UNCH 301.2 0.253 58.9
1.417 1.109 1.340 1.310 9571 MITRA 1.340 0.030 775.2 1.330 6.98 3.73 914.1 2.399 1.920 2.150 2.120 99 SCICOM 2.150 -0.020 784.1 2.137 16.13 4.19 764.2
1.240 0.610 1.160 1.120 7595 MLGLOBAL 1.160 0.030 266.5 1.145 38.80 425.2 0.215 0.090 0.120 0.115 7158 SCOMI 0.120 0.005 544.6 0.117 230.1
0.440 0.245 0.350 0.345 5924 MTDACPI 0.345 -0.015 65.1 0.349 575.0 79.9 0.270 0.120 0.125 0.125 7045 SCOMIES 0.125 UNCH 1009.6 0.125 292.7
1.670 0.725 1.340 1.300 5085 MUDAJYA 1.300 -0.050 665.5 1.314 718.1 1.160 0.972 1.010 1.000 7053 SEEHUP 1.000 -0.010 6.4 1.002 7.20 52.3
2.990 2.090 2.560 2.500 5703 MUHIBAH 2.500 0.040 438.2 2.521 10.78 2.20 1,205.3 0.769 0.559 0.695 0.665 9792 SEG 0.690 -0.010 3428 0.677 33.17 5.07 872.3
0.724 0.351 0.660 0.650 8311 PESONA 0.655 UNCH 81.3 0.654 21.62 3.05 437.0 1.911 1.160 1.240 1.160 5250 SEM 1.200 -0.040 5022.1 1.192 31.25 1.92 1,480.1
1.579 1.132 1.490 1.450 7055 PLB 1.490 UNCH 16 1.453 0.67 136.0 2.100 1.324 1.610 1.590 5218 SENERGY 1.610 0.020 3139 1.601 75.94 0.62 9,647.4
1.288 0.924 1.040 1.030 5070 PRTASCO 1.030 -0.010 146.5 1.038 13.45 5.83 437.4 2.267 1.488 1.920 1.860 5279 SERBADK 1.910 0.050 7049.1 1.901 2.00 2,549.9
0.215 0.095 0.170 0.160 7145 PSIPTEK 0.160 UNCH 3380.3 0.161 17.02 55.8 9.700 7.183 9.580 9.500 4197 SIME 9.550 UNCH 6854.8 9.551 20.38 2.83 64,948.0
4.270 3.125 4.060 4.010 9598 PTARAS 4.060 UNCH 1118 4.050 17.39 4.93 669.8 0.917 0.651 9431 SJC 0.720 48.32 1.39 29.2
1.390 0.405 1.200 1.070 5205 SENDAI 1.180 0.100 6912.9 1.147 0.42 913.3 1.380 1.200 1.280 1.270 5242 SOLID 1.280 -0.020 86.5 1.276 43.24 1.02 214.2
2.150 1.533 2.030 2.010 5263 SUNCON 2.020 UNCH 497.7 2.020 20.22 2.48 2,611.7 2.540 2.140 2.360 2.340 6084 STAR 2.350 -0.010 106.1 2.351 17.15 7.66 1,735.6
0.415 0.310 0.315 0.310 9717 SYCAL 0.310 UNCH 69.7 0.313 17.22 99.3 2.950 2.242 2.840 2.840 9865 SUIWAH 2.840 -0.090 3 2.840 16.08 1.23 173.2
0.765 0.364 0.735 0.720 5054 TRC 0.720 UNCH 2497.1 0.725 8.94 2.64 346.0 0.110 0.045 0.055 0.050 1201 SUMATEC 0.050 -0.005 3521 0.052 193.3
2.400 1.500 1.730 1.680 5622 TRIPLC 1.690 -0.010 19.7 1.690 5.22 115.9 4.190 2.756 4.190 4.080 5211 SUNWAY 4.180 0.090 6574.2 4.152 14.44 2.13 8,703.1
0.825 0.430 0.750 0.740 5042 TSRCAP 0.750 -0.010 61.9 0.747 11.42 130.8 2.257 1.846 2.100 2.100 6521 SURIA 2.100 UNCH 17.5 2.100 9.49 3.33 605.2
0.145 0.110 0.120 0.120 7070 VIZIONE 0.120 0.005 976.5 0.120 46.15 105.0 0.350 0.235 0.280 0.275 5173 SYSCORP 0.280 0.010 6 0.275 311.1 336.0
1.680 0.890 1.440 1.410 3565 WCEHB 1.430 0.010 464 1.427 40.86 1,433.9 0.490 0.280 0.385 0.385 7228 T7GLOBAL 0.385 UNCH 40 0.385 15.71 146.9
2.467 1.486 1.980 1.910 9679 WCT 1.960 0.060 1844.1 1.927 26.63 1.52 2,769.9 1.747 1.289 1.480 1.450 8524 TALIWRK 1.450 -0.030 668.2 1.468 25.13 5.52 1,753.8
0.670 0.550 0.600 0.590 7028 ZECON 0.595 -0.005 1106.4 0.595 1.38 70.9 2.667 1.342 2.550 2.530 5140 TASCO 2.550 -0.010 203.9 2.534 16.63 1.76 510.0
0.205 0.100 0.140 0.135 2283 ZELAN 0.135 -0.005 183 0.139 114.1 14.560 12.832 14.180 14.060 5347 TENAGA 14.120 -0.040 4980.6 14.139 10.93 2.76 79,905.3
TRADING SERVICES 1.573 1.300 1.320 1.320 8702 TEXCHEM 1.320 UNCH 8 1.320 33.00 15.15 163.8
0.550 0.350 0.415 0.390 5238 AAX 0.405 0.010 53275 0.406 41.33 1,680.0 0.240 0.060 0.060 0.060 7206 THHEAVY 0.060 UNCH 420 0.060 67.3
0.270 0.135 0.170 0.160 5166 AEGB 0.170 0.010 2213.6 0.164 69.7 6.698 5.690 6.450 6.380 4863 TM 6.390 -0.060 2669.7 6.393 35.28 3.36 24,013.2
2.960 2.082 2.250 2.200 6599 AEON 2.240 UNCH 177.5 2.234 42.67 1.34 3,145.0 0.990 0.775 0.830 0.775 101 TMCLIFE 0.785 -0.040 4259.2 0.796 66.53 0.15 1,362.9
0.435 0.160 0.430 0.405 7315 AHB 0.405 -0.015 6436.5 0.418 115.71 64.8 1.870 1.470 1.750 1.730 8397 TNLOGIS 1.730 -0.010 112.2 1.736 8.70 2.89 774.2
3.468 2.086 3.280 3.220 5099 AIRASIA 3.250 -0.030 6854.3 3.252 5.37 3.69 10,861.4 1.060 0.380 0.615 0.610 7218 TOCEAN 0.610 -0.080 1.4 0.610 38.13 25.0
9.389 5.687 8.890 8.790 5014 AIRPORT 8.800 UNCH 3521.4 8.816 328.36 1.14 14,600.9 1.000 0.750 0.820 0.755 5167 TURBO 0.820 UNCH 70.2 0.769 22.59 6.10 88.6
0.370 0.110 0.140 0.130 5115 ALAM 0.130 -0.010 845.1 0.134 120.2 2.892 2.400 7137 UMS 2.700 15.38 2.22 109.9
0.270 0.070 0.080 0.075 159 AMEDIA 0.080 0.005 233.1 0.077 19.2 1.040 0.285 0.355 0.325 5243 UMWOG 0.330 -0.010 40613 0.341 713.5
8.670 7.217 7.310 7.310 6351 AMWAY 7.310 0.010 1 7.310 26.09 2.74 1,201.7 1.294 0.978 1.060 1.000 7091 UNIMECH 1.060 0.020 63.2 1.023 15.50 2.83 139.1
2.378 2.133 2.160 2.160 7083 ANALABS 2.160 UNCH 10 2.160 10.84 1.50 129.7 0.730 0.365 0.435 0.435 5754 UTUSAN 0.435 0.005 1 0.435 48.2
0.085 0.025 0.055 0.050 5194 APFT 0.055 UNCH 2060.5 0.054 30.2 1.980 1.300 1.540 1.540 7250 UZMA 1.540 0.010 91.5 1.540 18.47 492.8
0.840 0.500 0.740 0.725 5210 ARMADA 0.725 -0.015 1943.1 0.730 1.13 4,253.0 0.900 0.600 0.860 0.805 7240 VOIR 0.830 0.030 137.6 0.837 592.86 120.5
0.220 0.100 0.185 0.175 1481 ASB 0.180 -0.005 2454.1 0.180 22.78 1.39 121.6 2.157 1.663 2.000 1.990 5016 WARISAN 2.000 UNCH 0.3 1.993 2.00 134.4
2.869 2.466 2.570 2.550 6399 ASTRO 2.560 0.010 1498.7 2.560 21.53 4.49 13,336.4 0.510 0.410 7692 WIDETEC 0.500 22.83 22.4
5.093 4.450 4.500 4.450 7048 ATLAN 4.450 -0.050 16.4 4.464 22.45 5.00 1,128.7 4.511 3.610 3.700 3.660 5246 WPRTS 3.670 -0.030 695.8 3.671 20.62 3.81 12,514.7
1.180 0.715 1.150 1.120 7579 AWC 1.120 UNCH 437.8 1.127 13.16 1.34 298.9 1.448 0.803 1.210 1.200 5267 XINHWA 1.210 UNCH 72 1.203 25.47 0.83 261.4
5.898 4.085 4.690 4.630 6888 AXIATA 4.680 0.030 2895.7 4.669 110.3 1.71 42,111.2 0.075 0.020 0.040 0.040 7122 YFG 0.040 -0.005 10 0.040 24.4
0.665 0.230 0.575 0.555 5021 AYS 0.560 0.005 5806.2 0.563 7.65 4.46 213.0 3.679 2.720 3.620 3.520 7293 YINSON 3.620 0.080 514 3.593 16.85 0.55 3,955.9
0.740 0.570 0.640 0.610 7251 BARAKAH 0.630 0.005 422.2 0.629 60.00 520.1 1.715 1.430 1.450 1.430 4677 YTL 1.430 -0.010 6850.4 1.436 17.90 6.64 15,602.1
2.293 1.843 1.970 1.930 5248 BAUTO 1.960 0.030 304.5 1.951 18.88 5.94 2,262.5 FINANCE
0.495 0.365 0.410 0.385 7241 BHS 0.390 -0.010 1409.5 0.394 178.8 13.300 8.453 13.200 13.120 5139 AEONCR 13.140 -0.040 104.8 13.133 65.37 3.20 2,838.2
0.280 0.170 0.205 0.200 6998 BINTAI 0.205 0.005 224.1 0.200 59.4 2.949 2.018 2.660 2.640 5185 AFFIN 2.640 0.010 136.9 2.648 9.02 2.84 5,129.4
6.681 5.863 6.050 6.050 5032 BIPORT 6.050 0.050 1 6.050 17.36 3.97 2,783.0 4.400 3.446 3.960 3.850 2488 AFG 3.850 -0.030 1618.8 3.892 11.46 4.16 5,960.2
2.460 1.420 2.400 2.390 5275 BISON 2.390 0.020 50 2.391 37.52 0.84 741.1 13.980 9.492 13.940 13.740 1163 ALLIANZ 13.900 0.080 42.8 13.820 7.79 0.65 2,425.1
0.410 0.306 0.340 0.335 3395 BJCORP 0.335 UNCH 4421.6 0.337 12.55 1,649.4 13.920 9.511 13.920 13.920 1163PA ALLIANZ-PA 13.920 0.460 1.4 13.920 0.78 1,209.4
1.956 1.208 1.450 1.430 5196 BJFOOD 1.450 UNCH 196.2 1.447 48.17 551.0 5.700 3.855 5.100 5.010 1015 AMBANK 5.010 -0.090 1334.3 5.038 11.37 3.51 15,101.1
0.700 0.435 0.445 0.435 4219 BJLAND 0.435 -0.005 87.5 0.440 7.87 2,175.1 1.934 1.263 1.690 1.670 5088 APEX 1.690 0.030 3 1.672 25.38 2.96 360.9
0.470 0.205 0.305 0.305 6025 BJMEDIA 0.305 UNCH 0.3 0.305 71.7 4.610 3.782 4.410 4.350 5258 BIMB 4.410 0.060 155.2 4.381 12.25 2.95 7,222.4
3.258 2.300 2.330 2.300 1562 BJTOTO 2.320 UNCH 2836.1 2.313 12.95 6.03 3,134.4 11.140 8.057 10.140 9.970 1818 BURSA 10.000 -0.120 949 10.011 26.77 3.40 5,375.0
0.135 0.092 0.110 0.105 7036 BORNOIL 0.110 0.005 12021.3 0.105 11.96 500.0 6.870 3.949 6.500 6.350 1023 CIMB 6.420 0.090 12895.6 6.431 14.34 3.12 58,114.5
0.945 0.515 0.540 0.520 9474 BRAHIMS 0.520 UNCH 351.5 0.531 122.9 0.705 0.320 0.550 0.530 2143 ECM 0.540 0.005 72.5 0.538 22.98 154.8
2.789 2.510 2.680 2.620 2771 BSTEAD 2.680 UNCH 107.9 2.662 14.30 5.60 5,432.3 1.270 1.111 1.240 1.230 5228 ELKDESA 1.240 UNCH 69.3 1.237 11.57 5.44 304.1
0.395 0.280 0.290 0.290 5257 CARIMIN 0.290 0.005 76 0.290 67.8 16.300 12.501 15.800 15.580 5819 HLBANK 15.700 -0.100 1262.6 15.719 14.47 2.61 34,033.2
1.990 1.300 1.680 1.670 5245 CARING 1.670 -0.020 20 1.678 31.57 0.90 363.6 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0
3.545 2.130 2.380 2.380 2925 CCB 2.380 UNCH 17.8 2.380 8.02 2.10 239.8 17.735 13.892 17.100 17.000 1082 HLFG 17.000 0.020 106.8 17.011 11.85 2.24 19,507.8
1.440 0.821 1.320 1.270 7117 CENTURY 1.280 -0.010 793.1 1.295 23.93 2.73 502.6 2.620 2.373 6688 HWANG 2.610 20.03 1.15 666.0
0.470 0.401 7209 CHEETAH 0.415 1.81 53.0 1.140 0.627 1.070 1.040 3379 INSAS 1.040 -0.010 4388.6 1.053 3.78 0.96 721.1
1.490 0.802 1.370 1.320 5273 CHINHIN 1.360 0.040 2843.6 1.350 15.70 2.57 688.0 0.970 0.882 0.955 0.955 3379PA INSAS-PA 0.955 -0.010 1 0.955 6.28 126.6
0.675 0.378 0.600 0.590 7016 CHUAN 0.590 -0.010 96.4 0.596 8.12 3.05 99.5 0.395 0.115 0.330 0.305 3441 JOHAN 0.315 0.010 23968.7 0.317 196.2
0.100 0.065 0.075 0.070 5104 CNI 0.075 UNCH 200.2 0.070 4.00 54.0 0.690 0.415 0.570 0.545 6483 KENANGA 0.550 UNCH 72.4 0.549 34.59 4.09 397.4
1.240 0.650 0.880 0.870 5136 COMPLET 0.875 0.005 64.9 0.874 11.22 108.3 19.600 15.237 18.420 18.380 8621 LPI 18.400 UNCH 84.8 18.404 20.51 4.46 6,108.5
0.045 0.025 0.030 0.025 5037 COMPUGT 0.030 UNCH 1671.6 0.030 64.0 0.917 0.814 0.850 0.845 1198 MAA 0.845 UNCH 60 0.846 10.65 231.1
2.820 1.907 2.610 2.580 5184 CYPARK 2.600 UNCH 36.8 2.588 13.33 2.00 677.5 3.150 2.625 1058 MANULFE 3.150 12.51 3.33 637.5
0.880 0.298 0.640 0.630 5276 DANCO 0.630 -0.005 256.6 0.635 13.49 2.38 187.7 9.670 7.250 9.640 9.600 1155 MAYBANK 9.640 0.040 27586.1 9.630 13.83 5.39 101,725
0.105 0.050 0.075 0.075 91 DAYA 0.075 UNCH 160 0.075 143.2 1.380 0.669 1.290 1.260 1171 MBSB 1.270 -0.010 2749.2 1.277 21.42 2.36 7,524.0
1.290 0.730 1.020 0.990 5141 DAYANG 1.020 0.020 756.4 1.005 23.29 984.1 2.840 1.601 2.690 2.670 6459 MNRB 2.680 0.030 8.1 2.676 10.89 856.5
1.126 0.796 0.865 0.850 5132 DELEUM 0.855 -0.005 211.1 0.856 15.63 4.09 342.2 1.830 1.160 1.550 1.540 5237 MPHBCAP 1.540 UNCH 88.5 1.546 17.04 1,101.1
0.895 0.580 0.695 0.685 7212 DESTINI 0.685 -0.005 258 0.689 20.51 791.3 1.330 1.204 1.300 1.300 6009 P&O 1.300 UNCH 23.5 1.300 20.28 7.46 319.7
1.970 1.426 1.950 1.910 7277 DIALOG 1.950 0.040 19497.3 1.927 30.09 1.23 10,931.5 20.660 18.704 20.500 20.340 1295 PBBANK 20.360 UNCH 3885.1 20.35 15.05 2.85 79,040.3
6.537 4.214 5.070 5.000 5908 DKSH 5.000 -0.070 5 5.003 16.01 1.90 788.3 1.920 0.681 1.700 1.680 9296 RCECAP 1.700 0.010 101.8 1.687 7.12 2.06 602.8
0.690 0.191 0.605 0.590 4456 DNEX 0.590 -0.005 15419.2 0.598 4.11 0.85 1,033.1 5.550 4.473 5.080 5.040 1066 RHBBANK 5.070 0.030 419.8 5.059 12.52 2.37 20,330.9
1.591 1.092 1.200 1.190 5216 DSONIC 1.190 -0.010 427.2 1.196 25.65 3.36 1,606.5 0.708 0.422 0.615 0.600 4898 TA 0.610 0.010 574.4 0.608 3.78 2.79 1,044.3
0.295 0.175 0.190 0.185 2097 EASTLND 0.190 0.005 488.7 0.190 46.7 4.250 3.800 4.050 4.030 6139 TAKAFUL 4.040 -0.010 31.6 4.041 17.79 3.88 3,325.5
1.010 0.385 0.420 0.385 5259 EATECH 0.415 0.030 1134.5 0.411 5.42 209.2 1.648 1.120 1.140 1.120 5230 TUNEPRO 1.120 -0.010 2499.4 1.130 12.15 4.64 842.0
0.370 0.200 0.220 0.220 5036 EDARAN 0.220 UNCH 45 0.220 13.2 PROPERTIES
0.290 0.165 0.200 0.195 7471 EDEN 0.195 UNCH 573.2 0.195 60.7 0.888 0.740 0.785 0.780 1007 AMPROP 0.780 -0.005 30.3 0.782 34.82 3.85 473.8
3.589 2.280 2.690 2.600 1368 EDGENTA 2.650 -0.020 54.8 2.633 25.38 2.64 2,203.8 1.850 0.990 1.560 1.520 5959 A&M 1.530 -0.050 251.3 1.532 33.55 558.5
0.590 0.220 0.380 0.360 64 EFFICEN 0.360 -0.005 5001.1 0.370 255.3 0.448 0.345 0.380 0.380 1007PA AMPROP-PA 0.380 UNCH 9.3 0.380 5.26 110.5
1.000 0.759 5081 EIG 0.900 15.79 2.50 213.5 0.230 0.145 0.165 0.160 4057 ASIAPAC 0.160 UNCH 457 0.160 17.39 160.1

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
THU R S DAY J U LY 20 , 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)
0.550 0.415 0.450 0.450 6602 BCB 0.450 UNCH 94.6 0.450 9.15 185.6 1.750 0.621 1.670 1.620 8 WILLOW 1.640 0.020 410.6 1.651 19.32 1.22 406.7
0.665 0.440 0.505 0.490 9814 BERTAM 0.495 -0.010 269 0.495 2.06 102.3 INFRASTRUCTURE PROJECT COMPANIES
1.400 0.710 1.200 1.190 3239 BJASSET 1.200 UNCH 28.5 1.191 1,426.4 5.139 4.630 4.800 4.760 6947 DIGI 4.790 0.020 4428.6 4.780 24.09 4.11 37,242.3
1.500 1.030 1.310 1.250 5738 CHHB 1.310 -0.010 5 1.271 361.2 6.150 5.366 5.900 5.900 6645 LITRAK 5.900 UNCH 26 5.900 14.01 4.24 3,107.5
1.740 1.430 1.690 1.630 6718 CRESNDO 1.690 0.040 4.1 1.632 6.92 2.96 474.0 0.555 0.330 0.465 0.455 5078 M&G 0.460 0.010 2181.7 0.458 10.87 322.7
1.700 1.229 1.620 1.620 5049 CVIEW 1.620 UNCH 5 1.620 5.99 9.26 162.0 1.270 0.850 0.870 0.850 6807 PUNCAK 0.850 -0.010 388.1 0.861 381.9
2.390 2.073 2.310 2.300 5355 DAIMAN 2.300 UNCH 30 2.301 17.64 2.17 488.0 9.890 6.980 9.690 9.530 5031 TIMECOM 9.560 -0.010 467.5 9.596 13.05 2.08 5,528.5
1.040 0.500 0.600 0.575 3484 DBHD 0.575 -0.025 229.4 0.589 177.9 1.539 1.304 1.420 1.410 6742 YTLPOWR 1.410 -0.010 4507.3 1.411 12.53 7.09 11,481.7
2.130 1.400 1.680 1.670 3417 E&O 1.680 0.010 431.1 1.677 24.14 1.19 2,226.5 CLOSED-END FUNDS
0.325 0.250 0.310 0.290 3557 ECOFIRS 0.305 0.010 1956.8 0.301 28.77 245.0 2.690 2.260 2.620 2.550 5108 ICAP 2.600 0.020 8 2.569 5200 364.0
1.720 1.260 1.640 1.600 8206 ECOWLD 1.620 0.010 2199.3 1.624 19.22 4,769.9 EXCHANGE TRADED FUNDS
0.920 0.570 0.710 0.690 6076 ENCORP 0.710 UNCH 36.1 0.696 5.43 197.8 1.126 1.070 0800EA ABFMY1 1.123 5.06 1,482.8
3.180 1.850 3.150 2.950 8613 ENRA 3.100 -0.080 109.5 3.102 29.87 0.97 422.2 1.960 1.680 1.910 1.890 0822EA CIMBA40 1.910 0.010 7 1.903 3.87 2.6
1.240 0.720 1.160 1.150 6815 EUPE 1.160 0.020 388.7 1.154 148.5 1.525 1.180 1.520 1.510 0823EA CIMBC50 1.510 UNCH 21 1.520 14.7
1.360 1.000 1.090 1.070 5283 EWINT 1.090 -0.010 2247.4 1.080 2,616.0 1.865 1.700 1.830 1.830 0820EA FBMKLCI-EA 1.830 -0.010 4 1.830 1.80 3.1
0.617 0.468 0.520 0.520 6041 FARLIM 0.520 UNCH 2.6 0.520 5.94 3.85 73.0 1.070 0.942 1.040 1.040 0826EA METFAPA 1.040 -0.005 2 1.040 19.8
0.787 0.625 0.630 0.625 5020 GLOMAC 0.625 UNCH 973.6 0.625 4.08 5.60 454.9 0.952 0.901 0.907 0.905 0825EA METFSID 0.906 -0.001 19 0.907 2.58 48.0
0.523 0.367 0.445 0.435 9962 GMUTUAL 0.440 0.005 36.3 0.439 8.30 4.55 165.3 1.115 1.045 0821EA MYETFDJ 1.095 2.04 304.3
0.470 0.290 0.390 0.380 1147 GOB 0.380 UNCH 334.8 0.383 23.46 1.32 172.8 1.095 1.000 0824EA MYETFID 1.095 1.39 55.6
1.450 1.110 1.170 1.150 1503 GUOCO 1.170 UNCH 50 1.159 3.80 1.71 819.5 REITS
0.480 0.370 7010 HOOVER 0.460 18.4 1.073 0.935 0.950 0.950 4952 AHP 0.950 UNCH 860.1 0.950 44.81 4.74 209.0
1.407 0.920 0.940 0.925 5062 HUAYANG 0.925 UNCH 472 0.933 8.44 2.16 325.6 1.659 1.415 1.520 1.520 5116 ALAQAR 1.520 -0.030 0.3 1.520 17.82 5.07 1,106.9
0.648 0.480 0.635 0.620 4251 IBHD 0.625 0.010 3493.2 0.625 9.51 3.01 629.3 1.050 0.945 1.010 1.010 5269 ALSREIT 1.010 UNCH 2.2 1.010 12.02 5.94 585.8
1.050 0.755 0.920 0.890 5084 IBRACO 0.920 0.010 115.9 0.905 20.44 3.80 456.7 0.828 0.730 0.740 0.740 5120 AMFIRST 0.740 -0.005 17.2 0.740 22.84 5.49 507.9
2.990 2.359 2.830 2.810 1597 IGB 2.830 0.010 74.2 2.826 10.45 3.53 3,862.4 0.980 0.858 0.955 0.950 5127 ARREIT 0.950 0.005 166.2 0.950 13.81 6.06 544.6
2.379 1.850 2.200 2.160 5249 IOIPG 2.200 0.020 1166.5 2.184 10.65 3.38 12,113.5 1.190 0.995 1.170 1.170 5130 ATRIUM 1.170 UNCH 30 1.170 25.05 5.51 142.5
0.620 0.390 0.405 0.400 5175 IVORY 0.405 -0.005 241.2 0.404 20.45 198.5 1.726 1.525 1.630 1.620 5106 AXREIT 1.620 -0.010 1001 1.630 14.94 5.15 1,790.4
3.290 0.785 1.730 1.450 1589 IWCITY 1.460 -0.080 110700 1.592 1,222.6 1.720 1.470 1.560 1.550 5180 CMMT 1.550 UNCH 1817.4 1.550 18.83 5.44 3,153.7
0.176 0.105 0.110 0.105 6769 JKGLAND 0.110 UNCH 6872.5 0.106 16.18 2.09 250.2 1.617 1.330 1.350 1.330 5121 HEKTAR 1.340 UNCH 149.1 1.340 12.76 7.61 536.8
0.085 0.040 0.065 0.060 3115 KBUNAI 0.065 0.005 544 0.065 19.70 375.5 1.790 1.448 1.730 1.710 5227 IGBREIT 1.720 UNCH 520.5 1.719 21.39 5.06 6,025.9
0.974 0.798 7323 KEN 0.900 5.46 2.78 172.5 1.029 0.900 0.930 0.930 5280 KIPREIT 0.930 UNCH 105 0.930 22.04 469.9
1.330 0.995 1.240 1.230 5038 KSL 1.240 UNCH 204.6 1.234 3.91 1,286.5 8.100 7.109 7.800 7.730 5235SS KLCC 7.740 -0.070 533.8 7.750 15.88 4.61 13,973.3
0.312 0.210 0.220 0.215 3174 L&G 0.220 0.005 1497.5 0.217 9.48 7.23 644.4 1.350 1.111 1.300 1.290 5123 MQREIT 1.290 -0.010 241 1.298 15.39 9.84 1,377.7
1.295 1.051 1.190 1.180 8494 LBICAP 1.190 UNCH 98 1.189 4.12 8.82 95.9 1.910 1.588 1.750 1.740 5212 PAVREIT 1.750 UNCH 635.9 1.743 17.17 4.71 5,296.0
2.078 1.479 1.980 1.960 5789 LBS 1.980 UNCH 594.6 1.973 12.88 2.02 1,337.7 1.780 1.549 1.700 1.690 5176 SUNREIT 1.700 0.010 212.7 1.698 15.23 5.32 5,006.6
0.460 0.235 0.435 0.420 3573 LIENHOE 0.420 -0.010 712.3 0.426 151.9 1.220 1.132 5111 TWRREIT 1.210 16.81 5.73 339.4
1.690 0.897 1.510 1.490 7617 MAGNA 1.500 0.040 132 1.499 2.03 4.00 502.1 1.850 1.571 5110 UOAREIT 1.750 15.63 5.99 740.0
1.700 1.340 1.560 1.540 8583 MAHSING 1.540 -0.010 368.5 1.549 11.60 4.22 3,710.5 1.230 0.990 1.200 1.180 5109 YTLREIT 1.200 0.020 880.4 1.196 6.44 2,045.3
1.940 0.551 1.290 1.210 6181 MALTON 1.250 0.030 11994.8 1.256 15.78 2.00 659.7 SPAC
2.828 2.280 2.740 2.720 5236 MATRIX 2.740 0.020 644.9 2.726 8.41 5.02 1,594.7 0.720 0.670 5234 CLIQ 0.720 454.3
1.880 1.000 1.580 1.540 7189 MBWORLD 1.580 0.040 27 1.548 7.85 151.1 0.480 0.455 5241 SONA 0.475 670.1
1.200 0.750 0.975 0.945 5182 MCT 0.975 -0.010 19.8 0.959 22.31 1,301.4
0.525 0.415 0.450 0.435 5040 MEDAINC 0.445 0.005 127.3 0.440 219.2
1.070 0.680 0.910 0.900 1694 MENANG 0.900 -0.015 147.2 0.904 7.51 240.4
0.605 0.250 0.510 0.480 8141 MJPERAK 0.490 0.020 3985.8 0.492 116.67 4.37 126.0
2.614 2.310 2.330 2.320 6114 MKH 2.330 0.020 59.3 2.324 5.68 2.91 1,306.4
0.360 0.270
0.220 0.085
1.800 1.140
0.280
0.145
1.440
0.275
0.135
1.370
8893
6548
1651
MKLAND
MPCORP
MRCB
0.280
0.140
1.390
0.005
UNCH
0.020
141.2
55
13782
0.275 20.29
0.141
1.407 10.46


1.98
338.0
40.3
3,047.6
Ace Market
1.080 0.610 0.720 0.640 9539 MUH 0.640 -0.010 2.7 0.643 36.1 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
0.365 0.230 0.295 0.285 3913 MUIPROP 0.295 UNCH 42.5 0.290 21.38 225.4 HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
2.030 1.230 1.310 1.260 5073 NAIM 1.260 UNCH 57.8 1.269 315.0 CONSUMER PRODUCTS
3.216 2.400 2.410 2.400 5827 OIB 2.400 -0.050 1.4 2.403 11.50 3.33 347.7 0.292 0.195 0.245 0.235 179 BIOHLDG 0.240 0.005 3170.9 0.240 20.51 193.5
1.710 1.346 1.580 1.570 5053 OSK 1.580 UNCH 175.9 1.572 9.44 4.75 2,216.6 0.315 0.200 0.225 0.220 170 KANGER 0.225 Unch 689.1 0.223 26.16 179.7
1.850 1.251 1.850 1.840 1724 PARAMON 1.840 0.010 12.3 1.841 10.55 4.62 780.7 0.450 0.200 0.370 0.350 148 SUNZEN 0.365 0.005 1664.8 0.361 130.36 175.9
0.695 0.405 0.610 0.600 6912 PASDEC 0.610 0.010 180 0.604 174.4 0.045 0.025 0.040 0.040 95 XINGHE 0.040 -0.005 3220.6 0.040 3.81 93.9
1.820 1.540 5075 PLENITU 1.720 14.14 2.62 656.2 INDUSTRIAL PRODUCTS
0.365 0.225 0.320 0.320 2208 PTGTIN 0.320 UNCH 17.5 0.320 110.8 0.245 0.137 0.200 0.195 105 ASIAPLY 0.195 Unch 289.4 0.195 21.43 2.56 65.0
1.270 0.900 1.080 1.080 4596 SAPRES 1.080 UNCH 33 1.080 1.44 2.78 150.8 0.095 0.030 0.040 0.040 72 AT 0.040 Unch 3103.9 0.040 38.1
0.820 0.665 0.690 0.690 5207 SBCCORP 0.690 UNCH 97 0.690 0.67 162.0 0.445 0.245 0.430 0.415 163 CAREPLS 0.415 Unch 6136.8 0.420 74.11 0.72 200.6
1.160 0.785 1.140 1.120 2224 SDRED 1.130 0.020 516 1.135 8.09 2.21 481.5 0.330 0.080 0.285 0.280 102 CONNECT 0.285 Unch 464.4 0.280 114.00 90.9
0.580 0.370 0.535 0.515 4286 SEAL 0.520 UNCH 686.3 0.524 38.52 126.3 0.618 0.390 0.400 0.390 100 ESCERAM 0.395 Unch 332.9 0.393 10.05 1.52 81.2
2.962 2.761 2.850 2.850 6017 SHL 2.850 -0.010 2 2.850 8.42 7.02 690.1 0.385 0.230 0.235 0.230 175 HHGROUP 0.235 Unch 134 0.233 335.7 72.5
0.305 0.130 0.235 0.230 4375 SMI 0.230 -0.005 194 0.232 1.70 48.3 0.145 0.065 0.125 0.120 160 HHHCORP 0.125 0.005 3060.4 0.125 25.51 41.7
1.000 0.690 0.850 0.830 5213 SNTORIA 0.850 0.005 10.9 0.849 12.41 2.35 424.2 0.535 0.155 0.535 0.505 162 IJACOBS 0.515 0.005 8929.2 0.519 38.43 69.9
5.190 4.211 4.950 4.930 1783 SPB 4.950 0.030 47 4.940 11.12 2.42 1,700.9 0.165 0.085 0.140 0.135 24 JAG 0.140 0.005 5359.4 0.140 25.45 177.2
4.311 2.739 3.260 3.210 8664 SPSETIA 3.250 -0.010 1261.4 3.239 4.74 6.15 9,303.7 0.245 0.125 0.245 0.230 25 LNGRES 0.235 Unch 5971.4 0.238 25.27 56.9
1.590 0.815 1.510 1.480 3743 SUNSURIA 1.500 0.010 239.1 1.494 21.25 1,198.3 0.150 0.040 0.055 0.055 70 MQTECH 0.055 Unch 1515 0.055 22.8
4.190 2.756 4.190 4.080 5211 SUNWAY 4.180 0.090 6574.2 4.152 14.44 2.13 8,703.1 0.860 0.326 0.790 0.765 49 OCNCASH 0.765 -0.010 3404.3 0.777 15.45 0.92 170.6
1.070 0.625 0.960 0.960 1538 SYMLIFE 0.960 -0.010 9.6 0.960 8.55 2.08 297.6 0.610 0.130 0.430 0.375 38 PTB 0.395 0.005 5393.2 0.407 89.77 59.4
0.395 0.215 0.315 0.300 5158 TAGB 0.315 0.010 1782.2 0.311 7.57 1.27 1,676.3 0.190 0.060 0.070 0.065 133 SANICHI 0.065 Unch 1912.6 0.065 55.8
7.168 5.976 7.100 7.080 2305 TAHPS 7.100 0.020 8.7 7.098 27.56 0.70 531.5 0.060 0.025 0.035 0.030 109 SCBUILD 0.030 -0.005 533.2 0.031 26.5
0.060 0.035 0.045 0.040 2259 TALAMT 0.040 UNCH 75 0.042 168.8 0.220 0.110 0.200 0.190 1 SCOMNET 0.190 -0.010 3527.7 0.194 15.20 2.11 46.2
1.547 1.331 1.460 1.450 5191 TAMBUN 1.450 -0.010 857.4 1.456 5.49 6.90 628.1 0.289 0.117 0.255 0.240 28 SCOPE 0.240 -0.015 946.4 0.246 29.27 2.08 134.5
0.140 0.055 0.105 0.100 2429 TANCO 0.105 UNCH 100 0.104 69.5 0.290 0.115 0.205 0.185 55 SERSOL 0.195 0.010 5743.9 0.196 42.0
0.315 0.170 0.255 0.235 7889 THRIVEN 0.240 UNCH 100.5 0.242 90.4 0.955 0.178 0.950 0.930 84 TECFAST 0.930 -0.010 2794.8 0.937 42.08 0.54 159.1
0.085 0.040 0.060 0.055 7079 TIGER 0.060 UNCH 4230 0.059 88.3 TECHNOLOGY
1.930 1.440 1.580 1.570 5239 TITIJYA 1.580 0.010 93.9 1.576 8.18 0.32 647.8 0.995 0.160 0.940 0.920 18 ACCSOFT 0.930 Unch 122.4 0.937 774.3
1.044 0.937 0.960 0.950 5401 TROP 0.950 UNCH 118.8 0.951 10.64 2.60 1,392.5 0.640 0.160 0.640 0.600 181 AEMULUS 0.615 0.005 13660.6 0.621 161.84 269.9
1.360 0.995 1.240 1.220 5148 UEMS 1.220 -0.010 1648.8 1.231 28.71 1.31 5,535.7 0.455 0.115 0.390 0.375 119 APPASIA 0.375 -0.010 1062.1 0.384 109.8
2.620 2.096 2.590 2.560 5200 UOADEV 2.570 -0.030 154.3 2.579 6.53 5.84 4,457.0 0.450 0.150 0.195 0.195 68 ASDION 0.195 -0.005 9 0.195 22.7
1.810 0.935 1.800 1.800 2976 WINGTM 1.800 UNCH 225 1.800 58.44 1.67 877.2 1.190 0.730 0.825 0.800 98 BAHVEST 0.820 0.020 332.1 0.817 492.0
1.279 0.846 7003 Y&G 0.955 11.40 190.4 0.770 0.620 0.725 0.680 191 CABNET 0.705 0.040 7054.8 0.703 11.56 91.7
1.840 1.420 1.460 1.420 3158 YNHPROP 1.420 -0.050 1462.7 1.442 18.44 751.2 0.065 0.030 0.050 0.045 152 DGB 0.050 Unch 190.2 0.045 500.0 26.9
1.610 1.040 1.450 1.430 7066 YONGTAI 1.440 UNCH 958 1.443 22.33 627.4 0.075 0.020 0.035 0.035 131 DGSB 0.035 Unch 359 0.035 50.00 47.5
0.670 0.550 0.590 0.590 2577 YTLLAND 0.590 UNCH 10 0.590 14.53 498.2 0.120 0.050 0.095 0.090 154 EAH 0.095 0.005 9104.3 0.090 39.58 141.6
MINING 0.280 0.150 0.155 0.150 107 EDUSPEC 0.155 Unch 2100.9 0.155 27.19 142.7
1.290 1.150 1.210 1.210 2186 KUCHAI 1.210 UNCH 42.3 1.210 0.70 149.7 0.295 0.050 0.285 0.260 116 FOCUS 0.285 0.020 1583.8 0.277 221.5
PLANTATIONS 1.160 0.815 0.950 0.930 104 GENETEC 0.950 0.020 16.3 0.931 33.7
0.285 0.195 0.230 0.195 7054 AASIA 0.210 UNCH 337.6 0.203 210.00 138.6 0.759 0.431 0.615 0.585 39 GFM 0.600 0.010 1824.2 0.605 24.49 2.42 256.9
19.575 17.198 1899 BKAWAN 19.180 11.04 2.87 8,361.5 0.090 0.030 0.075 0.075 45 GNB 0.075 Unch 20 0.075 21.7
8.639 8.380 5069 BLDPLNT 8.450 41.24 0.47 790.1 0.185 0.070 0.185 0.175 74 GOCEAN 0.180 0.015 12554 0.178 300.00 47.4
1.697 1.320 1.650 1.640 5254 BPLANT 1.650 0.010 196 1.643 11.53 8.48 2,640.0 0.100 0.040 0.060 0.055 174 IDMENSN 0.055 -0.005 778.3 0.060 110.00 27.2
0.953 0.619 0.815 0.810 8982 CEPAT 0.815 0.005 110.5 0.812 9.07 1.84 259.5 0.592 0.227 0.390 0.380 23 IFCAMSC 0.385 0.005 2429.8 0.384 32.08 1.30 234.2
8.350 7.253 8.000 7.990 1929 CHINTEK 8.000 0.140 1 7.998 41.17 2.13 730.9 0.100 0.065 0.065 0.065 94 INIX 0.065 Unch 71 0.065 24.07 16.5
0.545 0.385 0.440 0.435 3948 DUTALND 0.440 UNCH 176.6 0.438 372.3 0.240 0.100 0.175 0.165 10 IRIS 0.170 0.005 9242.7 0.170 420.2
9.100 7.205 8.700 8.700 5029 FAREAST 8.700 -0.250 2.2 8.700 9.00 3.45 1,230.1 2.150 0.450 2.080 2.030 146 JFTECH 2.060 -0.020 111.4 2.047 61.31 0.49 259.6
2.506 1.412 1.690 1.620 5222 FGV 1.680 0.060 17297.2 1.668 59.79 0.60 6,128.9 2.805 0.594 2.530 2.500 127 JHM 2.510 -0.010 195 2.511 24.42 621.1
11.679 9.986 10.880 10.780 2291 GENP 10.840 -0.020 600.9 10.836 20.38 0.92 8,708.2 0.270 0.130 0.225 0.210 111 K1 0.220 0.005 3944.4 0.220 114.2
0.675 0.500 0.600 0.600 7382 GLBHD 0.600 -0.005 62 0.600 133.7 0.115 0.025 0.040 0.035 36 KGROUP 0.035 Unch 2363.5 0.038 59.6
1.532 1.105 1.200 1.200 2135 GOPENG 1.200 UNCH 2 1.200 39.47 3.33 215.2 0.660 0.185 0.660 0.620 176 KRONO 0.635 0.010 13342.1 0.644 20.03 171.7
0.895 0.750 0.760 0.750 7501 HARNLEN 0.760 0.005 12.2 0.758 141.0 0.190 0.045 0.090 0.085 17 M3TECH 0.085 Unch 2045.4 0.085 49.9
2.650 2.291 2.620 2.620 5138 HSPLANT 2.620 0.010 9 2.620 14.79 4.20 2,096.0 0.300 0.205 0.265 0.260 75 MEXTER 0.260 Unch 325.7 0.260 52.2
3.616 2.932 3.000 3.000 2216 IJMPLNT 3.000 0.020 0.5 3.000 22.97 2.33 2,641.7 0.590 0.420 155 MGRC 0.510 115.9 52.8
0.734 0.651 0.710 0.675 2607 INCKEN 0.680 UNCH 70.2 0.692 1.65 286.1 1.680 0.870 0.920 0.895 126 MICROLN 0.920 -0.010 28 0.911 200.0 154.0
1.475 0.590 1.050 1.050 6262 INNO 1.050 UNCH 26 1.050 13.22 1.90 502.8 0.595 0.306 0.565 0.550 112 MIKROMB 0.550 -0.015 1503.6 0.556 22.27 1.44 236.8
4.810 4.120 4.500 4.460 1961 IOICORP 4.490 UNCH 2537.6 4.483 96.98 2.00 28,214.5 0.465 0.065 0.335 0.210 85 MLAB 0.210 -0.070 129221 0.272 39.2
25.137 22.442 24.740 24.640 2445 KLK 24.720 0.020 1236.1 24.693 20.58 2.02 26,388.7 0.280 0.160 0.215 0.205 34 MMAG 0.215 -0.005 1761.8 0.210 51.3
3.500 3.070 2453 KLUANG 3.200 71.59 0.31 202.2 1.630 0.503 1.630 1.510 113 MMSV 1.630 0.120 4665.8 1.592 18.98 1.23 265.7
3.940 3.062 3.880 3.880 5027 KMLOONG 3.880 -0.010 15 3.880 14.55 3.87 1,209.8 0.245 0.060 0.070 0.065 103 MNC 0.070 0.005 332.1 0.067 22.58 30.4
0.695 0.491 1996 KRETAM 0.545 31.14 1.83 1,268.6 0.310 0.145 0.245 0.235 156 MPAY 0.240 Unch 6936.8 0.240 170.5
1.750 1.160 1.480 1.430 6572 KWANTAS 1.450 -0.010 5.5 1.450 9.09 451.9 0.735 0.130 0.700 0.495 92 MTOUCHE 0.510 -0.170 1914.2 0.567 463.6 64.9
1.550 1.270 4936 MALPAC 1.320 126.92 99.0 0.874 0.625 0.745 0.730 108 N2N 0.745 Unch 25 0.737 28.44 2.68 354.9
0.963 0.767 0.860 0.850 5026 MHC 0.850 UNCH 27 0.857 11.94 1.76 167.1 0.110 0.015 0.045 0.040 20 NETX 0.040 Unch 5273.1 0.044 50.0
2.400 2.060 5047 NPC 2.080 7.97 0.48 249.6 0.065 0.035 0.045 0.040 96 NEXGRAM 0.040 -0.005 483.3 0.041 75.3
4.239 3.735 2038 NSOP 3.990 32.31 1.50 280.1 0.115 0.070 0.090 0.080 26 NOVAMSC 0.085 Unch 5106.7 0.089 58.1
0.315 0.190 0.225 0.225 1902 PINEPAC 0.225 -0.005 2 0.225 33.7 0.685 0.555 0.595 0.580 35 OPCOM 0.595 0.010 15.5 0.584 13.37 95.9
1.380 0.920 9695 PLS 1.100 359.4 0.414 0.297 0.360 0.360 40 OPENSYS 0.360 Unch 245.9 0.360 17.73 2.78 107.2
0.550 0.430 0.455 0.445 5113 RSAWIT 0.455 UNCH 193.6 0.450 645.4 0.380 0.125 0.185 0.170 79 ORION 0.170 -0.015 7104 0.175 101.8
4.100 3.346 3.780 3.780 2542 RVIEW 3.780 UNCH 2 3.780 18.23 1.59 245.1 0.090 0.045 0.080 0.065 5 PALETTE 0.070 -0.005 3486.4 0.072 13.73 22.4
3.180 2.900 3.040 2.990 2569 SBAGAN 3.040 0.060 1.2 3.003 0.66 201.7 0.230 0.135 0.185 0.180 123 PRIVA 0.180 -0.005 1193.7 0.184 1.11 100.5
0.720 0.505 0.610 0.605 4316 SHCHAN 0.610 UNCH 11 0.608 18.21 73.2 0.175 0.055 0.140 0.135 7 PUC 0.140 Unch 3549.1 0.136 56.00 172.6
3.965 3.247 3.600 3.500 5126 SOP 3.580 0.030 101.2 3.527 10.32 1.40 2,043.4 0.945 0.482 0.890 0.870 106 REXIT 0.885 0.010 385.4 0.876 22.29 4.52 167.6
1.940 1.560 1.590 1.570 5135 SWKPLNT 1.590 0.020 8 1.585 12.30 445.2 0.375 0.218 0.310 0.300 178 SEDANIA 0.300 Unch 1787.1 0.304 3.33 60.0
0.730 0.570 0.575 0.570 2054 TDM 0.575 0.005 275.2 0.573 20.99 0.87 952.2 0.190 0.055 0.120 0.115 60 SKH 0.115 Unch 1677.5 0.115 41.07 63.8
1.207 0.998 1.120 1.120 5112 THPLANT 1.120 UNCH 20.6 1.120 5.98 5.36 989.9 0.300 0.155 0.205 0.190 117 SMRT 0.190 -0.005 341 0.196 61.6
1.977 1.660 1.700 1.660 9059 TSH 1.700 UNCH 356 1.682 61.82 1.18 2,306.6 0.110 0.025 0.060 0.055 169 SMTRACK 0.060 Unch 2355.9 0.060 20.8
6.580 5.456 6.510 6.480 2593 UMCCA 6.500 0.020 41.8 6.499 16.09 3.08 1,360.4 0.355 0.232 0.335 0.330 93 SOLUTN 0.335 0.010 2795.2 0.331 13.19 2.99 102.6
28.700 25.323 27.120 27.100 2089 UTDPLT 27.120 -0.760 1.2 27.117 16.22 1.47 5,644.6 0.360 0.080 0.225 0.215 129 SRIDGE 0.220 -0.005 741 0.220 26.6
HOTELS 0.395 0.150 0.395 0.365 50 SYSTECH 0.370 0.005 14059.6 0.380 43.53 0.81 117.4
0.628 0.483 5592 GCE 0.540 3.70 106.4 0.190 0.140 0.155 0.150 132 TDEX 0.150 -0.005 217.5 0.155 125.00 61.9
1.000 0.680 0.885 0.885 1643 LANDMRK 0.885 UNCH 20 0.885 468.1 1.300 0.189 1.270 1.240 120 VIS 1.250 -0.020 899.7 1.250 19.78 0.40 138.4
0.285 0.115 0.155 0.150 1287 PMHLDG 0.150 -0.005 6566.2 0.153 139.3 0.244 0.115 0.145 0.135 69 VIVOCOM 0.135 -0.010 22774.4 0.139 12.05 436.6
5.295 4.864 5.050 4.970 5517 SHANG 4.970 -0.050 270 5.007 27.43 2.82 2,186.8 0.145 0.065 0.100 0.100 66 VSOLAR 0.100 0.005 974.5 0.100 37.4
TECHNOLOGY 0.070 0.020 141 WINTONI 0.035 18.0
0.760 0.585 7031 AMTEL 0.630 30.29 31.0 0.275 0.080 0.240 0.200 86 YGL 0.200 -0.040 5503.7 0.217 46.5
0.420 0.180 0.345 0.330 5195 CENSOF 0.330 -0.015 1653.9 0.338 11.54 165.6 TRADING SERVICES
0.400 0.095 0.305 0.295 51 CUSCAPI 0.300 0.005 4410.3 0.299 143.8 0.400 0.150 122 AIM 0.250 66.5
0.729 0.273 0.640 0.615 7204 D&O 0.635 0.020 4194.9 0.633 42.91 633.8 0.165 0.060 0.110 0.110 48 ANCOMLB 0.110 Unch 65 0.110 52.1
0.710 0.110 0.465 0.435 8338 DATAPRP 0.435 UNCH 16756.7 0.451 183.3 0.240 0.120 0.140 0.130 150 ASIABIO 0.140 0.010 5407.5 0.135 35.90 61.8
0.235 0.150 0.175 0.170 29 DIGISTA 0.175 0.005 1009.9 0.170 11.36 104.9 0.275 0.155 0.200 0.195 187 BCMALL 0.200 0.005 3162.3 0.195 25.32 84.3
1.578 1.304 1.440 1.440 5162 ECS 1.440 UNCH 11.2 1.440 8.68 4.17 259.2 0.404 0.302 0.350 0.335 11 BTECH 0.350 0.015 95.7 0.338 20.35 4.37 88.2
1.230 0.539 1.150 1.130 65 EFORCE 1.140 0.010 120.9 1.138 85.07 1.10 471.7 0.320 0.170 157 FOCUSP 0.220 36.3
2.690 1.008 2.680 2.610 90 ELSOFT 2.610 -0.040 275.8 2.644 19.97 1.53 715.6 1.009 0.386 0.920 0.905 185 HSSEB 0.915 0.005 912.1 0.911 18.41 0.69 292.0
1.870 0.790 1.610 1.550 21 GHLSYS 1.570 -0.010 4022.5 1.577 53.58 0.32 1,035.3 0.900 0.520 0.730 0.725 147 INNITY 0.730 Unch 15 0.727 62.39 101.0
0.455 0.210 0.350 0.340 82 GPACKET 0.345 UNCH 1147.9 0.345 5.10 261.8 0.360 0.235 0.265 0.260 180 KTC 0.260 0.005 1337.8 0.263 36.62 132.7
0.260 0.175 0.240 0.225 56 GRANFLO 0.235 0.015 416.2 0.234 2.13 113.5 0.350 0.130 0.300 0.285 167 MCLEAN 0.285 -0.005 552.8 0.292 24.57 51.0
6.350 2.636 6.250 6.210 7022 GTRONIC 6.240 -0.020 598.4 6.237 65.89 0.64 1,776.4 0.445 0.275 0.290 0.290 81 MEGASUN 0.290 -0.005 11.5 0.290 12.55 63.4
0.980 0.510 0.855 0.850 5028 HTPADU 0.855 0.005 39.8 0.855 10.09 5.85 86.5 0.280 0.165 0.190 0.180 153 OVERSEA 0.190 0.010 217.8 0.186 90.48 46.8
2.490 1.980 2.490 2.420 166 INARI 2.480 0.040 8168.5 2.466 23.66 2.52 4,945.8 0.200 0.115 0.170 0.160 177 PASUKGB 0.160 -0.005 6427.3 0.163 129.9
0.435 0.075 0.230 0.215 9393 ITRONIC 0.220 UNCH 1165.4 0.225 22.6 0.380 0.230 6 PINEAPP 0.320 200.0 15.5
0.688 0.453 0.590 0.580 5161 JCY 0.580 0.005 1087.5 0.582 85.29 8.62 1,204.6 0.375 0.201 0.365 0.350 171 PLABS 0.355 0.005 3523.8 0.357 20.40 1.97 76.2
16.300 5.588 16.200 15.920 9334 KESM 16.060 -0.140 30.4 16.042 17.86 0.19 690.8 0.015 0.005 110 RA 0.005 2.63 4.8
0.160 0.060 0.160 0.140 143 KEYASIC 0.145 0.005 10380.3 0.148 129.1 0.615 0.280 0.465 0.435 32 REDTONE 0.450 0.015 913.7 0.450 340.9
13.860 7.086 13.860 13.600 3867 MPI 13.720 0.060 364.6 13.692 14.76 1.97 2,879.6 1.080 0.298 0.840 0.775 173 REV 0.780 -0.030 2145.4 0.819 7.01 105.0
1.410 0.845 5011 MSNIAGA 1.400 21.15 84.6 0.726 0.477 0.625 0.615 158 SCC 0.620 -0.005 78.7 0.620 14.25 4.89 87.5
1.327 0.343 1.270 1.250 83 NOTION 1.250 UNCH 350.1 1.260 32.64 2.00 413.3 0.275 0.160 0.215 0.210 161 SCH 0.215 Unch 118 0.215 119.44 3.95 88.6
0.605 0.430 0.495 0.485 9008 OMESTI 0.490 0.005 108.8 0.488 211.0 0.230 0.100 0.160 0.155 140 STERPRO 0.155 -0.005 2179.4 0.155 43.3
0.375 0.260 0.290 0.285 41 PANPAGE 0.290 -0.005 1155.8 0.287 77.0 0.190 0.103 0.165 0.155 80 STRAITS 0.160 -0.005 2430 0.163 61.54 58.9
3.970 0.860 3.610 3.410 7160 PENTA 3.430 -0.190 3015.1 3.485 15.99 502.7 1.450 0.955 1.280 1.270 89 TEXCYCL 1.280 0.010 13.9 1.279 13.66 0.39 218.6
0.610 0.250 0.410 0.390 9075 THETA 0.400 0.010 259.4 0.400 42.9 0.230 0.100 0.220 0.195 145 TFP 0.195 -0.010 3327.6 0.208 40.0
0.215 0.075 0.115 0.110 118 TRIVE 0.115 UNCH 3983.3 0.115 52.27 153.7 0.175 0.095 0.110 0.105 165 XOX 0.105 Unch 1082.4 0.108 89.4
3.720 2.206 3.720 3.650 5005 UNISEM 3.720 0.070 1553.5 3.679 15.82 2.96 2,729.9 FINANCE
4.100 1.727 4.080 3.910 97 VITROX 3.920 -0.030 435.7 3.992 13.54 1.66 1,842.8 0.810 0.381 0.690 0.685 53 OSKVI 0.685 -0.005 85.1 0.688 4.84 2.92 135.4

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T HUR SDAY JU LY 2 0 , 2 0 17 TH E EDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
0.455 0.120 0.300 0.290 5226WA GBGAQRS-WA 0.295 Unch 2517.7 1.400 1.300 13.93 20/07/2018
Main Market & Ace Market Warrants 0.500 0.320 0.325 0.325 3611WA GBH-WA 0.325 0.005 0.8 1.340 1.000 -1.12 07/04/2020
0.330 0.100 0.250 0.210 0078CD GDEX-CD 0.210 -0.005 1429.8 0.705 0.600 7.45 31/10/2017
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.200 0.105 0.145 0.145 0078CE GDEX-CE 0.145 0.035 40 0.705 0.838 34.22 25/01/2018
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.125 0.095 0.120 0.115 0078CF GDEX-CF 0.115 -0.010 419.9 0.705 0.650 16.67 02/02/2018
0.185 0.030 0.040 0.030 5238C6 AAX-C6 0.040 0.005 163.4 0.405 0.380 3.70 16/08/2017 0.095 0.055 0.095 0.085 0078CG GDEX-CG 0.085 Unch 822 0.705 0.800 27.94 22/01/2018
0.165 0.045 0.060 0.045 5238C7 AAX-C7 0.055 0.005 1182.7 0.405 0.430 19.75 31/10/2017 0.572 0.117 0.540 0.495 0078WB GDEX-WB 0.500 0.005 7593.1 0.705 0.383 25.18 05/02/2020
0.060 0.035 0.045 0.035 5238C8 AAX-C8 0.040 0.005 1705.9 0.405 0.550 45.68 29/12/2017 0.235 0.165 0.185 0.185 471520 GENM-C20 0.185 -0.010 25 5.820 4.880 2.92 31/10/2017
0.320 0.160 0.230 0.205 5238WA AAX-WA 0.225 0.015 19076 0.405 0.460 69.14 08/06/2020 0.300 0.130 0.190 0.185 471524 GENM-C24 0.190 0.010 40 5.820 5.500 5.93 29/12/2017
0.120 0.035 0.090 0.085 7146WA AEM-WA 0.090 Unch 185.9 0.195 0.250 74.36 17/12/2019 0.325 0.160 0.210 0.210 318237 GENTINGC37 0.210 0.015 90.1 9.340 8.300 2.36 16/08/2017
0.455 0.110 0.345 0.345 5139CB AEONCR-CB 0.345 -0.005 4 13.140 11.000 1.22 16/10/2017 0.210 0.150 0.190 0.185 318238 GENTINGC38 0.185 0.010 50 9.340 7.880 4.18 31/10/2017
0.315 0.105 0.130 0.130 5185CW AFFIN-CW 0.130 0.010 20.4 2.640 2.400 0.76 31/07/2017 0.230 0.150 0.160 0.160 318239 GENTINGC39 0.160 0.010 5 9.340 8.080 3.64 31/10/2017
0.330 0.050 0.330 0.300 7315WB AHB-WB 0.300 -0.010 4438.7 0.405 0.200 23.46 28/08/2019 0.380 0.170 0.230 0.205 318241 GENTINGC41 0.205 -0.010 260 9.340 8.500 1.98 30/08/2017
0.330 0.070 0.265 0.250 509947 AIRASIAC47 0.255 Unch 1369.2 3.250 2.600 3.54 31/10/2017 0.180 0.070 0.105 0.100 318242 GENTINGC42 0.100 Unch 125 9.340 9.500 8.14 29/12/2017
0.190 0.075 0.105 0.100 509948 AIRASIAC48 0.100 -0.005 200 3.250 3.000 3.08 16/08/2017 0.180 0.055 0.090 0.080 318244 GENTINGC44 0.080 -0.005 116 9.340 10.30 14.13 31/10/2017
0.460 0.185 0.380 0.375 509949 AIRASIAC49 0.380 -0.005 232.4 3.250 2.150 1.23 31/07/2017 1.990 1.240 1.700 1.650 3182WA GENTING-WA 1.650 -0.020 1077.9 9.340 7.960 2.89 18/12/2018
0.235 0.110 0.145 0.140 509952 AIRASIAC52 0.140 -0.005 780 3.250 3.200 11.38 31/10/2017 0.230 0.070 0.150 0.145 1147WA GOB-WA 0.145 -0.005 327.9 0.380 0.800 148.68 24/12/2019
0.200 0.090 0.155 0.145 509953 AIRASIAC53 0.155 0.005 593 3.250 3.200 12.77 31/01/2018 0.085 0.025 0.070 0.060 0074WA GOCEAN-WA 0.060 Unch 2983.1 0.180 0.340 122.22 07/08/2019
0.180 0.060 0.095 0.090 509954 AIRASIAC54 0.090 -0.005 5331.6 3.250 3.600 18.25 31/10/2017 0.055 0.025 0.040 0.035 7096WA GPA-WA 0.040 Unch 500.2 0.100 0.100 40.00 03/06/2025
0.150 0.085 0.105 0.105 509955 AIRASIAC55 0.105 0.020 50 3.250 4.000 31.80 29/12/2017 0.415 0.190 0.240 0.215 2062WC HARBOUR-WC 0.240 0.020 26.9 0.690 1.560 160.87 03/04/2021
0.210 0.135 0.170 0.170 509956 AIRASIAC56 0.170 0.005 150 3.250 2.900 11.20 29/12/2017 1.320 0.830 1.280 1.250 5095WB HEVEA-WB 1.280 0.010 60.4 1.530 0.250 0.00 28/02/2020
0.165 0.120 0.155 0.155 5014CU AIRPORT-CU 0.155 0.005 0.4 8.800 9.500 15.88 22/01/2018 0.220 0.075 0.180 0.170 5072WB HIAPTEK-WB 0.175 Unch 8751.1 0.375 0.500 80.00 23/06/2021
0.420 0.160 0.335 0.315 7609WA AJIYA-WA 0.315 -0.005 2301.3 0.795 0.920 55.35 28/08/2021 0.530 0.265 0.360 0.360 5169WA HOHUP-WA 0.360 Unch 10 0.795 0.600 20.75 21/12/2018
0.440 0.180 0.180 0.180 1015CY AMBANK-CY 0.180 -0.010 50 5.010 5.000 8.78 31/10/2017 0.230 0.115 0.165 0.165 7213WB HOVID-WB 0.165 -0.005 1150.2 0.320 0.180 7.81 05/06/2018
0.045 0.005 0.010 0.010 0159WA AMEDIA-WA 0.010 Unch 330 0.080 1.100 1,287 02/01/2018 0.050 0.010 0.015 0.015 7013WA HUBLINE-WA 0.015 0.005 73 0.060 3.200 5,258 04/11/2019
0.315 0.140 0.170 0.170 6556CC ANNJOO-CC 0.170 -0.005 130 3.060 2.800 10.95 31/10/2017 0.045 0.015 0.025 0.025 9601WD HWGB-WD 0.025 Unch 450 0.050 0.080 110.0 15/03/2021
0.270 0.135 0.145 0.135 6556CD ANNJOO-CD 0.140 -0.005 2086 3.060 3.000 14.05 08/12/2017 0.215 0.070 0.215 0.190 0166C1 INARI-C1 0.200 0.005 1727.8 2.480 2.100 0.81 29/09/2017
0.275 0.040 0.055 0.055 9342WA ANZO-WA 0.055 -0.005 40 0.120 0.250 154.17 19/11/2019 0.215 0.075 0.215 0.205 0166C2 INARI-C2 0.205 0.005 640 2.480 2.150 3.23 08/12/2017
0.265 0.045 0.065 0.060 9342WB ANZO-WB 0.065 0.005 76.1 0.120 0.250 162.50 25/08/2023 0.435 0.165 0.435 0.415 0166CZ INARI-CZ 0.435 0.015 28.7 2.480 1.800 -1.11 29/12/2017
0.335 0.085 0.280 0.270 0119WA APPASIA-WA 0.270 Unch 1161.5 0.375 0.130 6.67 23/12/2024 2.250 1.351 2.250 2.250 0166WA INARI-WA 2.250 0.050 2.5 2.480 0.132 -3.95 04/06/2018
0.110 0.030 0.030 0.030 521023 ARMADA-C23 0.030 -0.015 50 0.725 0.700 2.76 31/07/2017 1.660 1.300 1.660 1.600 0166WB INARI-WB 1.660 0.030 766 2.480 0.800 -0.81 17/02/2020
0.110 0.045 0.065 0.065 0150WA ASIABIO-WA 0.065 Unch 399.2 0.140 0.300 160.71 19/04/2024 0.045 0.015 0.025 0.025 0094WA INIX-WA 0.025 Unch 240 0.065 0.100 92.31 16/11/2020
0.155 0.055 0.115 0.100 0105WA ASIAPLY-WA 0.105 Unch 83.2 0.195 0.100 5.13 13/12/2020 0.545 0.160 0.490 0.465 3379WB INSAS-WB 0.475 0.005 7158.9 1.040 1.000 41.83 25/02/2020
0.090 0.045 0.050 0.050 6399C3 ASTRO-C3 0.050 0.005 230 2.560 2.900 17.19 22/12/2017 0.180 0.065 0.070 0.070 196113 IOICORP-C13 0.070 -0.005 2100 4.490 4.400 2.67 31/10/2017
0.765 0.095 0.320 0.295 7099WB ATTA-WB 0.305 Unch 1862.3 1.100 1.000 18.64 09/05/2022 0.070 0.020 0.040 0.035 7183WA IRETEX-WA 0.040 Unch 200 0.180 0.800 366.67 10/06/2019
0.810 0.300 0.330 0.330 7099WC ATTA-WC 0.330 0.005 4 1.100 1.000 20.91 18/11/2024 0.070 0.020 0.060 0.050 0024WA JAG-WA 0.055 Unch 9097.1 0.140 0.100 10.71 14/08/2019
0.040 0.020 0.030 0.025 0072WB AT-WB 0.030 Unch 2790.4 0.040 0.030 50.00 17/10/2019 0.120 0.040 0.045 0.040 5161C2 JCY-C2 0.045 Unch 580.1 0.580 0.635 17.24 16/10/2017
0.290 0.080 0.090 0.090 688816 AXIATA-C16 0.090 Unch 70 4.680 4.500 1.92 18/08/2017 0.170 0.045 0.085 0.075 9083WB JETSON-WB 0.085 0.005 785.4 0.280 0.750 198.21 06/02/2019
0.100 0.045 0.050 0.050 688820 AXIATA-C20 0.050 0.005 5.7 4.680 5.200 15.38 28/02/2018 0.830 0.205 0.650 0.645 7167WA JOHOTIN-WA 0.650 Unch 183.1 1.520 0.850 -1.32 21/11/2017
0.730 0.210 0.635 0.590 7078WA AZRB-WA 0.610 Unch 447.8 1.160 0.700 12.93 13/05/2024 0.090 0.015 0.025 0.025 4383CN JTIASA-CN 0.025 Unch 200 1.150 1.350 20.65 16/10/2017
0.070 0.055 0.060 0.060 5248CS BAUTO-CS 0.060 0.005 22.5 1.960 2.100 13.27 08/01/2018 0.150 0.060 0.080 0.070 4383CO JTIASA-CO 0.075 0.005 405.2 1.150 1.200 17.39 08/01/2018
0.170 0.100 0.125 0.110 7241WA BHS-WA 0.110 -0.015 999 0.390 0.600 82.05 18/10/2020 0.230 0.110 0.150 0.150 0170WA KANGER-WA 0.150 -0.010 81 0.225 0.100 11.11 13/04/2020
0.450 0.260 0.360 0.350 5258WA BIMB-WA 0.350 -0.005 272.5 4.410 4.720 14.97 04/12/2023 0.105 0.040 0.100 0.040 5247C1 KAREX-C1 0.100 0.055 867.8 1.570 1.950 43.31 28/12/2017
0.155 0.070 0.105 0.100 6998WA BINTAI-WA 0.105 0.005 32 0.205 0.200 48.78 15/06/2020 0.200 0.025 0.040 0.030 5247CZ KAREX-CZ 0.040 Unch 50.2 1.570 2.200 45.22 31/01/2018
0.230 0.095 0.150 0.140 0179WA BIOHLDG-WA 0.145 0.005 3219.4 0.240 0.220 52.08 05/01/2022 0.035 0.010 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 20 0.065 0.131 132.31 20/10/2023
0.160 0.060 0.090 0.090 3395WB BJCORP-WB 0.090 Unch 9 0.335 1.000 225.37 22/04/2022 0.390 0.070 0.390 0.380 7161CA KERJAYA-CA 0.380 -0.010 1271 3.520 2.600 0.85 29/09/2017
0.175 0.050 0.110 0.110 3395WC BJCORP-WC 0.110 -0.005 365 0.335 1.000 231.34 29/05/2026 0.115 0.070 0.110 0.110 7161CB KERJAYA-CB 0.110 Unch 100 3.520 3.350 9.23 30/11/2017
1.160 0.650 0.670 0.670 5196WA BJFOOD-WA 0.670 Unch 2 1.450 0.700 -5.52 08/08/2017 0.235 0.135 0.235 0.235 7161CC KERJAYA-CC 0.235 0.005 100 3.520 3.100 4.76 08/12/2017
0.370 0.035 0.360 0.320 7187WA BKOON-WA 0.345 0.005 10718.2 0.530 0.200 2.83 07/07/2023 2.600 1.090 2.600 2.600 7161WA KERJAYA-WA 2.600 Unch 30 3.520 0.880 -1.14 20/12/2017
0.088 0.045 0.050 0.050 7036WB BORNOIL-WB 0.050 Unch 650 0.110 0.060 0.00 28/02/2018 0.490 0.060 0.435 0.390 0151WA KGB-WA 0.435 0.045 1586 0.700 0.500 33.57 12/06/2019
0.081 0.040 0.050 0.045 7036WC BORNOIL-WC 0.050 Unch 284.7 0.110 0.070 9.09 08/11/2025 0.035 0.003 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 268.1 0.035 0.100 214.29 02/07/2018
0.065 0.045 0.050 0.045 7036WD BORNOIL-WD 0.050 0.005 1846.5 0.110 0.070 9.09 29/05/2027 0.030 0.015 0.020 0.015 0036WB KGROUP-WB 0.020 Unch 56 0.035 0.050 100.00 01/05/2020
0.120 0.060 0.060 0.060 9938WB BRIGHT-WB 0.060 Unch 20 0.310 0.820 183.87 12/01/2019 0.880 0.620 0.705 0.670 5171WA KIMLUN-WA 0.705 Unch 6.2 2.230 1.680 6.95 12/03/2024
0.435 0.060 0.260 0.225 181811 BURSA-C11 0.240 -0.010 878.2 10.000 8.900 1.00 30/11/2017 0.075 0.005 0.005 0.005 7164WA KNM-WA 0.005 Unch 110 0.245 0.980 302.04 15/11/2017
0.315 0.095 0.110 0.095 181812 BURSA-C12 0.095 -0.025 185 10.000 10.500 9.28 30/11/2017 0.150 0.070 0.075 0.075 7164WB KNM-WB 0.075 Unch 46.5 0.245 1.000 338.78 21/04/2020
0.145 0.090 0.105 0.090 181813 BURSA-C13 0.105 0.005 305.1 10.000 10.500 10.25 30/03/2018 0.175 0.070 0.080 0.080 7017WB KOMARK-WB 0.080 0.005 170 0.250 0.300 52.00 21/01/2020
2.550 0.950 2.420 2.370 7174WA CAB-WA 2.420 0.010 30 2.940 0.550 1.02 08/02/2020 0.120 0.030 0.065 0.065 7153CQ KOSSAN-CQ 0.065 -0.005 40 6.970 6.800 3.16 18/08/2017
0.470 0.290 0.350 0.350 7076WA CBIP-WA 0.350 0.010 5.3 2.050 2.400 34.15 06/11/2019 0.080 0.035 0.065 0.060 7153CU KOSSAN-CU 0.065 Unch 160 6.970 6.850 6.67 18/09/2017
0.220 0.045 0.150 0.140 5195WB CENSOF-WB 0.140 -0.005 1038.6 0.330 0.460 81.82 07/10/2019 1.400 0.410 1.220 1.220 5878WB KPJ-WB 1.220 -0.050 91.4 4.220 4.010 23.93 23/01/2019
0.310 0.100 0.205 0.190 102321 CIMB-C21 0.190 0.015 195 6.420 6.200 6.93 31/10/2017 0.085 0.020 0.020 0.020 3794CC LAFMSIA-CC 0.020 Unch 200 5.760 7.000 23.26 31/01/2018
0.335 0.150 0.245 0.225 102322 CIMB-C22 0.245 0.025 62 6.420 5.700 4.05 24/11/2017 0.650 0.450 0.560 0.560 9385WA LAYHONG-WA 0.560 0.010 35 0.905 0.400 6.08 13/10/2021
0.155 0.085 0.105 0.090 102324 CIMB-C24 0.100 0.010 595 6.420 7.000 15.26 28/12/2017 0.365 0.100 0.160 0.160 8494WA LBICAP-WA 0.160 0.005 20 1.190 1.000 -2.52 17/04/2018
0.170 0.045 0.045 0.045 2852C5 CMSB-C5 0.045 -0.010 160 3.980 4.000 5.03 16/08/2017 1.090 0.580 0.940 0.940 5789WA LBS-WA 0.940 -0.030 0.5 1.980 1.000 -2.02 11/06/2018
0.205 0.035 0.180 0.180 0102WB CONNECT-WB 0.180 0.005 230 0.285 0.100 -1.75 07/06/2021 0.835 0.370 0.715 0.700 5789WB LBS-WB 0.700 -0.020 665 1.980 1.250 -1.52 04/10/2020
0.250 0.025 0.170 0.165 0051WA CUSCAPI-WA 0.165 0.005 1422.8 0.300 0.270 45.00 24/04/2018 0.260 0.255 0.260 0.255 5284CC LCTITAN-CC 0.260 Unch 118.2 6.410 7.500 29.17 30/01/2018
0.470 0.340 0.365 0.355 5276WA DANCO-WA 0.360 0.005 345.4 0.630 0.300 4.76 22/05/2022 0.265 0.260 0.265 0.260 5284CD LCTITAN-CD 0.265 Unch 458.4 6.410 6.500 13.81 30/01/2018
0.035 0.005 0.015 0.015 7179WB DBE-WB 0.015 -0.005 539.6 0.030 0.050 116.67 22/01/2022 0.465 0.460 0.465 0.460 5284CE LCTITAN-CE 0.465 Unch 170.2 6.410 5.500 7.57 30/01/2018
0.175 0.125 0.140 0.140 727713 DIALOG-C13 0.140 0.015 20 1.950 1.750 4.10 07/12/2017 0.120 0.120 0.120 0.120 5284CF LCTITAN-CF 0.120 Unch 300 6.410 6.280 11.08 30/01/2018
0.105 0.060 0.075 0.070 727715 DIALOG-C15 0.075 0.015 500 1.950 1.850 6.41 31/10/2017 0.300 0.040 0.195 0.195 8745WB LEWEKO-WB 0.195 Unch 39.8 0.300 0.200 31.67 08/09/2020
0.200 0.105 0.140 0.140 727717 DIALOG-C17 0.140 0.005 15 1.950 1.900 4.62 31/01/2018 0.250 0.150 0.185 0.180 7126WA LONBISC-WA 0.185 Unch 6 0.745 1.000 59.06 26/01/2020
0.085 0.035 0.045 0.045 694718 DIGI-C18 0.045 Unch 100 4.790 4.900 6.99 29/09/2017 0.095 0.020 0.065 0.065 5068WA LUSTER-WA 0.065 Unch 284.9 0.120 0.100 37.50 03/06/2022
0.100 0.020 0.035 0.025 694719 DIGI-C19 0.035 0.010 2257.7 4.790 5.100 7.93 31/01/2018 0.095 0.020 0.065 0.065 5068WB LUSTER-WB 0.065 Unch 40 0.120 0.100 37.50 26/05/2023
0.370 0.045 0.315 0.300 4456WD DNEX-WD 0.300 -0.005 21381.7 0.590 0.500 35.59 30/07/2021 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 Unch 659 0.085 0.100 64.71 21/08/2019
0.140 0.060 0.100 0.095 7114WA DNONCE-WA 0.100 Unch 364 0.290 0.250 20.69 25/11/2020 0.100 0.010 0.010 0.010 3859CY MAGNUM-CY 0.010 Unch 400 1.730 2.120 24.28 31/10/2017
0.145 0.055 0.070 0.065 5265WA DOLPHIN-WA 0.065 -0.005 1358.4 0.235 0.800 268.09 29/03/2021 0.120 0.120 0.120 0.120 858301 MAHSING-MC010.120 Unch 300 1.540 1.650 14.94 14/12/2017
0.340 0.180 0.300 0.275 7169WA DOMINAN-WA 0.300 -0.010 269.5 1.270 1.300 25.98 10/09/2020 0.265 0.130 0.135 0.130 8583WB MAHSING-WB 0.135 0.005 1730.7 1.540 1.440 2.27 16/03/2018
0.040 0.010 0.020 0.015 7198WA DPS-WA 0.020 0.005 554.1 0.090 0.540 522.22 03/01/2018 0.170 0.085 0.140 0.140 8583WC MAHSING-WC 0.140 -0.005 40.2 1.540 2.100 45.45 21/02/2020
0.070 0.035 0.050 0.045 7198WB DPS-WB 0.045 Unch 62.5 0.090 0.100 61.11 15/01/2025 0.100 0.005 0.005 0.005 5264CT MALAKOF-CT 0.005 Unch 320 1.050 1.500 43.33 31/10/2017
0.260 0.030 0.125 0.095 161926 DRBHCOMC26 0.120 0.030 3653.6 1.690 1.550 2.37 30/08/2017 0.100 0.015 0.020 0.020 5264CW MALAKOF-CW 0.020 -0.005 500 1.050 1.200 18.10 29/09/2017
0.180 0.030 0.070 0.060 161927 DRBHCOMC27 0.065 0.010 1223 1.690 1.700 8.28 22/08/2017 0.990 0.085 0.575 0.485 6181WB MALTON-WB 0.525 0.035 39930 1.250 1.000 22.00 29/06/2018
0.330 0.105 0.255 0.245 161929 DRBHCOMC29 0.255 0.020 24 1.690 1.200 1.18 16/08/2017 0.630 0.350 0.505 0.485 5236WA MATRIX-WA 0.505 0.005 13.1 2.740 2.400 6.02 20/07/2020
0.380 0.115 0.310 0.300 161930 DRBHCOMC30 0.305 0.015 360 1.690 1.100 1.18 30/11/2017 0.190 0.010 0.015 0.015 6012CW MAXIS-CW 0.015 Unch 10 5.560 6.000 8.86 29/09/2017
0.180 0.060 0.105 0.085 161932 DRBHCOMC32 0.105 0.015 1572.6 1.690 1.450 3.20 30/08/2017 0.190 0.155 0.160 0.160 115531 MAYBANKC31 0.160 0.005 50 9.640 9.500 3.53 28/02/2018
0.195 0.060 0.125 0.110 161933 DRBHCOMC33 0.120 0.010 6564.3 1.690 1.650 11.83 31/10/2017 0.585 0.300 0.430 0.420 5152WA MBL-WA 0.430 0.010 25.3 1.020 0.800 20.59 28/11/2022
0.160 0.105 0.120 0.120 161935 DRBHCOMC35 0.120 0.010 30 1.690 1.800 24.26 25/01/2018 0.230 0.110 0.165 0.155 1171C2 MBSB-C2 0.165 0.005 5.7 1.270 1.300 15.35 31/01/2018
0.125 0.095 0.105 0.100 161937 DRBHCOMC37 0.100 0.005 370 1.690 1.850 21.30 30/03/2018 0.170 0.105 0.120 0.115 1171CW MBSB-CW 0.115 -0.005 55 1.270 1.150 8.66 28/11/2017
0.120 0.120 0.120 0.120 161938 DRBHCOMC38 0.120 Unch 120 1.690 1.780 23.08 30/01/2018 0.130 0.075 0.085 0.075 1171CX MBSB-CX 0.075 -0.010 90 1.270 1.300 14.17 28/11/2017
0.135 0.070 0.070 0.070 5216CV DSONIC-CV 0.070 Unch 620 1.190 1.300 21.01 31/10/2017 0.090 0.040 0.050 0.045 1171CY MBSB-CY 0.050 Unch 2360.9 1.270 1.250 10.24 29/09/2017
0.225 0.050 0.050 0.050 3417C7 E&O-C7 0.050 -0.005 130 1.680 1.850 16.07 30/11/2017 0.080 0.035 0.045 0.040 1171CZ MBSB-CZ 0.045 0.005 449.2 1.270 1.450 23.03 30/11/2017
0.320 0.120 0.185 0.180 3417WB E&O-WB 0.180 -0.005 202.5 1.680 2.600 65.48 21/07/2019 0.260 0.040 0.165 0.155 0167WB MCLEAN-WB 0.155 0.005 167.5 0.285 0.250 42.11 07/10/2020
0.065 0.020 0.045 0.035 0154WB EAH-WB 0.045 0.010 239.6 0.095 0.120 73.68 24/02/2019 0.085 0.025 0.060 0.045 5040WB MEDAINC-WB 0.050 -0.015 182.6 0.445 0.800 91.01 22/04/2022
0.065 0.025 0.045 0.035 0154WC EAH-WC 0.040 Unch 974.4 0.095 0.100 47.37 18/06/2019 0.065 0.025 0.055 0.045 5040WC MEDAINC-WC 0.050 Unch 267 0.445 0.800 91.01 24/08/2024
0.195 0.090 0.155 0.130 3557WC ECOFIRS-WC 0.155 0.020 244.7 0.305 0.300 49.18 10/09/2019 0.365 0.140 0.255 0.245 1694WB MENANG-WB 0.250 -0.005 1047.8 0.900 1.000 38.89 09/07/2019
0.145 0.080 0.145 0.140 5253CA ECONBHD-CA 0.140 Unch 709 2.680 2.500 8.96 30/11/2017 0.175 0.095 0.135 0.130 0075WA MEXTER-WA 0.130 Unch 170 0.260 0.130 0.00 17/09/2018
0.170 0.095 0.130 0.120 8206CG ECOWLD-CG 0.120 Unch 1250 1.620 1.500 7.41 30/11/2017 2.330 0.420 1.930 1.910 3069WA MFCB-WA 1.910 -0.040 64 3.850 2.220 7.27 08/04/2020
0.175 0.090 0.130 0.120 8206CH ECOWLD-CH 0.120 0.005 505.5 1.620 1.600 9.88 08/12/2017 0.050 0.020 0.045 0.045 7219WA MINETEC-WA 0.045 0.005 10 0.125 0.150 56.00 27/11/2019
0.710 0.365 0.520 0.510 8206WA ECOWLD-WA 0.520 0.005 380.5 1.620 2.080 60.49 26/03/2022 0.355 0.175 0.210 0.195 5576WC MINHO-WC 0.210 0.015 47.1 0.525 0.500 35.24 02/08/2021
0.150 0.045 0.065 0.060 0107WA EDUSPEC-WA 0.065 Unch 1039.7 0.155 0.180 58.06 24/12/2018 0.220 0.055 0.060 0.055 381610 MISC-C10 0.060 -0.010 160 7.370 7.700 7.90 30/08/2017
0.945 0.360 0.830 0.805 0065WA EFORCE-WA 0.810 -0.015 142.2 1.140 0.340 0.88 17/07/2019 0.115 0.100 0.100 0.100 381612 MISC-C12 0.100 -0.005 110 7.370 7.500 5.83 30/03/2018
0.670 0.415 0.430 0.425 8907WC EG-WC 0.425 -0.005 197.6 0.800 0.500 15.63 03/11/2020 0.625 0.365 0.530 0.500 9571WD MITRA-WD 0.520 0.020 127.5 1.340 1.090 20.15 23/08/2020
0.140 0.025 0.065 0.045 8877CA EKOVEST-CA 0.050 Unch 16025.4 1.130 1.600 48.23 08/12/2017 1.125 0.730 0.760 0.760 6114WB MKH-WB 0.760 0.005 8.7 2.330 1.550 -0.86 29/12/2017
0.145 0.085 0.130 0.130 8877CB EKOVEST-CB 0.130 Unch 21 1.130 1.400 46.90 08/01/2018 0.880 0.230 0.770 0.725 7595WA MLGLOBAL-WA 0.770 0.030 10 1.160 0.500 9.48 27/10/2019
0.090 0.045 0.085 0.065 8877CC EKOVEST-CC 0.075 Unch 3805.6 1.130 1.300 31.64 28/12/2017 0.220 0.045 0.050 0.050 2194C4 MMCCORP-C4 0.050 -0.010 10 2.360 2.250 -0.42 31/07/2017
0.085 0.035 0.070 0.055 887701 EKOVEST-MC01 0.055 -0.010 940 1.130 1.400 33.63 14/12/2017 0.055 0.020 0.030 0.030 0103WA MNC-WA 0.030 Unch 175 0.070 0.100 85.71 05/11/2021
1.350 0.233 0.905 0.835 8877WB EKOVEST-WB 0.835 -0.010 21071.4 1.130 0.480 16.37 25/06/2019 0.585 0.120 0.585 0.585 3867CF MPI-CF 0.585 0.025 15 13.720 8.000 0.95 22/08/2017
0.300 0.010 0.160 0.100 7149WA ENGKAH-WA 0.160 0.080 11.6 1.520 3.500 140.79 25/09/2017 0.210 0.175 0.210 0.210 3867CG MPI-CG 0.210 0.005 5 13.720 13.100 10.79 22/12/2017
0.630 0.310 0.465 0.445 5056WA ENGTEX-WA 0.465 0.015 1919 1.330 0.830 -2.63 25/10/2017 0.070 0.020 0.030 0.030 0070WA MQTECH-WA 0.030 Unch 400 0.055 0.100 136.36 21/11/2021
0.120 0.060 0.060 0.060 5283CA EWINT-CA 0.060 -0.010 20 1.090 1.200 21.10 02/02/2018 0.290 0.010 0.030 0.010 165112 MRCB-C12 0.025 0.010 5871.4 1.390 1.400 3.42 16/08/2017
0.060 0.025 0.025 0.025 5283CE EWINT-CE 0.025 Unch 166.2 1.090 1.350 29.59 30/11/2017 0.180 0.005 0.015 0.010 165113 MRCB-C13 0.015 0.005 2198.4 1.390 1.550 14.21 30/08/2017
0.080 0.060 0.075 0.070 5283CF EWINT-CF 0.070 Unch 83.5 1.090 1.050 12.39 28/12/2017 0.100 0.015 0.030 0.025 165114 MRCB-C14 0.030 0.005 1141 1.390 1.900 42.09 31/10/2017
0.450 0.285 0.295 0.290 5283WA EWINT-WA 0.290 -0.005 1678.2 1.090 1.450 59.63 02/04/2022 0.135 0.030 0.045 0.035 165115 MRCB-C15 0.035 Unch 6229.5 1.390 1.800 33.27 24/11/2017
0.570 0.100 0.520 0.500 7047WB FAJAR-WB 0.515 0.010 3020.9 0.950 0.700 27.89 24/09/2019 0.060 0.030 0.035 0.030 165116 MRCB-C16 0.035 0.005 11773.6 1.390 2.100 59.14 29/12/2017
0.180 0.115 0.130 0.125 06501R FBMKLCI-C1R 0.125 Unch 465 1,757 1,670 0.01 29/09/2017 0.110 0.085 0.085 0.085 165118 MRCB-C18 0.085 Unch 10 1.390 1.700 34.53 28/02/2018
0.130 0.115 0.115 0.115 06501T FBMKLCI-C1T 0.115 -0.010 0.1 1,757 1,788 7.04 29/12/2017 0.390 0.020 0.060 0.025 1651C9 MRCB-C9 0.045 0.025 13258.3 1.390 1.450 7.55 30/08/2017
0.120 0.075 0.080 0.075 06501U FBMKLCI-C1U 0.075 Unch 175 1,757 1,715 0.58 31/10/2017 0.175 0.085 0.115 0.105 1651WA MRCB-WA 0.110 0.005 7712.7 1.390 2.300 73.38 14/09/2018
0.080 0.040 0.040 0.040 06501X FBMKLCI-C1X 0.040 Unch 200 1,757 1,765 2.03 30/11/2017 0.080 0.010 0.035 0.020 0092WA MTOUCHE-WA 0.025 -0.005 2546.6 0.510 1.260 151.96 17/01/2018
0.100 0.015 0.025 0.025 06502W FBMKLCI-H2W 0.025 Unch 272 1,757 1,715 -1.40 31/10/2017 0.220 0.030 0.180 0.120 0092WB MTOUCHE-WB 0.130 -0.045 3643 0.510 0.540 31.37 16/03/2020
0.160 0.055 0.080 0.080 06502Z FBMKLCI-H2Z 0.080 -0.005 1356.9 1,757 1,765 3.63 30/11/2017 0.190 0.075 0.115 0.105 13815 MYEG-C15 0.105 -0.005 1293 2.160 2.000 6.69 29/09/2017
0.480 0.385 0.440 0.435 06504B FBMKLCI-H4B 0.440 -0.020 203.5 1,757 1,790 6.88 30/11/2017 0.255 0.100 0.170 0.160 13816 MYEG-C16 0.160 0.005 471.5 2.160 2.000 7.41 31/01/2018
0.120 0.090 0.115 0.115 06504C FBMKLCI-H4C 0.115 Unch 40 1,757 1,785 6.16 29/12/2017 0.480 0.115 0.375 0.370 0138C8 MYEG-C8 0.375 Unch 484.5 2.160 1.567 1.47 31/10/2017
0.160 0.005 0.010 0.005 522221 FGV-C21 0.005 Unch 915 1.680 2.550 52.38 30/08/2017 0.065 0.005 0.025 0.025 0020WB NETX-WB 0.025 0.005 89 0.040 0.050 87.50 08/06/2019
0.140 0.005 0.010 0.005 522223 FGV-C23 0.005 Unch 12204.9 1.680 1.850 11.16 31/07/2017 0.035 0.015 0.025 0.020 0096WC NEXGRAM-WC 0.025 Unch 108.5 0.040 0.100 212.50 15/01/2024
0.205 0.005 0.010 0.005 522224 FGV-C24 0.005 Unch 2557.2 1.680 1.850 10.86 31/07/2017 0.415 0.190 0.325 0.315 0172WA OCK-WA 0.325 0.005 4902.2 0.920 0.710 12.50 15/12/2020
0.070 0.020 0.035 0.025 522225 FGV-C25 0.025 -0.010 27.5 1.680 2.600 59.23 31/10/2017 0.255 0.060 0.160 0.155 7071WC OCR-WC 0.160 0.005 59.6 0.590 0.500 11.86 24/07/2021
0.135 0.025 0.040 0.030 522226 FGV-C26 0.040 0.010 2469.8 1.680 2.200 37.14 31/10/2017 0.280 0.045 0.065 0.055 9008WB OMESTI-WB 0.060 -0.005 678.9 0.490 0.500 14.29 30/05/2018
0.085 0.015 0.035 0.025 522227 FGV-C27 0.035 0.010 20578.1 1.680 2.450 51.04 16/10/2017 0.370 0.195 0.275 0.270 5053WC OSK-WC 0.275 Unch 49.8 1.580 1.800 31.33 22/07/2020
0.155 0.055 0.070 0.060 522228 FGV-C28 0.065 0.010 1951.5 1.680 2.050 31.70 31/01/2018 0.210 0.080 0.210 0.210 7052CI PADINI-CI 0.210 Unch 49 3.840 2.800 0.26 29/09/2017
0.130 0.065 0.090 0.070 522229 FGV-C29 0.075 0.010 1087 1.680 2.100 36.16 08/01/2018 0.260 0.180 0.260 0.260 7052CK PADINI-CK 0.260 0.025 2 3.840 3.200 3.65 28/02/2018
0.195 0.115 0.140 0.125 522230 FGV-C30 0.135 0.010 12376.8 1.680 1.600 17.74 28/12/2017 0.055 0.025 0.035 0.030 0005WA PALETTE-WA 0.030 Unch 1858.5 0.070 0.040 0.00 20/03/2018
0.130 0.100 0.130 0.110 522231 FGV-C31 0.130 0.020 5570.3 1.680 1.630 16.37 30/03/2018 0.300 0.080 0.260 0.250 5125WA PANTECH-WA 0.255 -0.005 638.2 0.635 0.500 18.90 21/12/2020
0.145 0.145 0.145 0.145 522232 FGV-C32 0.145 Unch 20 1.680 1.650 19.79 30/01/2018 0.300 0.105 0.280 0.265 5125WB PANTECH-WB 0.265 -0.005 1161.4 0.635 0.500 20.47 21/12/2021
0.130 0.065 0.095 0.095 9318WB FITTERS-WB 0.095 Unch 113 0.405 1.000 170.37 12/10/2019 0.165 0.085 0.130 0.115 129512 PBBANK-C12 0.115 0.005 435 20.360 19.550 -0.02 31/07/2017
0.260 0.030 0.230 0.220 0116WC FOCUS-WC 0.230 Unch 540 0.285 0.050 -1.75 06/11/2019 0.100 0.050 0.050 0.050 129514 PBBANK-C14 0.050 Unch 200 20.360 21.000 5.11 29/09/2017
0.740 0.230 0.635 0.615 9261WB GADANG-WB 0.630 0.015 5806.1 0.630 1.060 168.25 29/11/2021 0.240 0.030 0.030 0.030 518310 PCHEM-C10 0.030 Unch 1829.9 6.940 7.100 3.82 18/08/2017
0.210 0.075 0.165 0.150 539831 GAMUDA-C31 0.150 -0.020 770 5.320 4.900 0.56 29/09/2017 0.255 0.035 0.040 0.040 5183C9 PCHEM-C9 0.040 Unch 281 6.940 7.000 2.88 29/09/2017
0.130 0.090 0.090 0.090 539836 GAMUDA-C36 0.090 -0.035 20 5.320 5.350 7.33 08/12/2017 0.055 0.055 0.055 0.055 518301 PCHEM-MC01 0.055 Unch 99 6.940 7.800 17.15 14/12/2017
1.480 1.010 1.390 1.370 5398WE GAMUDA-WE 1.370 -0.010 980 5.320 4.050 1.88 06/03/2021 0.485 0.130 0.400 0.395 8311WC PESONA-WC 0.395 -0.005 58.2 0.655 0.250 -1.53 27/01/2020
THU R S DAY JU LY 20 , 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

Australia/New Zealand Australia
shares rebound as bank stocks surge;
New Zealand up too
SYDNEY: Australian shares advanced
yesterday, unfazed by a slip in BHP
Billiton, as the big four banks surged after
declaring comfort with new capital rules
designed to make them unquestionably
strong.
The S&P/ASX 200 Index ended up
44.733 points or 0.79% to 5,732.126. On
Tuesday, the benchmark dropped 1.1%.
The financial sector accounted for nearly
three quarters of the gains on the bourse.
The sub-index of financial stocks ended
2.6% higher.
Shares in the big four banks, which
represent over 80% of the countrys lending,
leapt between 3% and 3.9% after the
Australian Prudential Regulation Authority
said banks were required to raise common
equity Tier 1 ratio, a key gauge of a lenders
strength, to at least 10.5% by January 2020.
The banks said they were well placed
to meet the capital requirements.
Ric Spooner, chief market strategist
at CMC Markets, said it was positive that
banks get options for raising equity capital,
creating a bit of certainty for the market.
This removes some of the worse
concerns about the possibility that the
banks will have to go to shareholders for
additional capital in the near future, he
said.
The benchmarks biggest laggard was
mining giant BHP Billiton. It tumbled 2.6%,
its biggest one-day fall in four weeks, after
reporting output cuts in coal and petroleum
for the year.
Rio Tinto also dragged material stocks
lower, on extended losses from the previous
session after reporting disappointing results.
New Zealands benchmark S&P/NZX
50 Index rose 25.42 points or 0.33% to
7,732.75.
Financial and telecom stocks were the
biggest boosts, while consumer staples
were among the two main drags on the
index.
Westpac Banking Corp and Australia
and New Zealand Banking Group led
gainers in the benchmark, while A2 Milk
was the biggest decliner, down 1.25% at
the closing bell.
Europe European shares slide on
Ericsson slump, souring bank mood
MILAN: European shares fell on Tuesday
after disappointing Ericsson and Lufthansa
earnings, while scaled-back expectations
of monetary tightening by major central
banks dented financial stocks.
The pan-European STOXX 600 Index
fell by more than 1%, snapping a four-day
winning streak, with European banks down
by 1.6% and lower bond trading revenue
at Goldman Sachs adding to the selling
pressure.
Barclays and Deutsche Bank, which
are also major players in the bond market,
were top fallers on their respective indices
after the Goldman results.
Although eurozone banks are the most
favoured sector along with tech among
global investors, according to the latest
Bank of America Merrill Lynch (BAML)
survey of fund managers, comments from
US Federal Reserve and European Central
Bank policymakers have triggered profit-
taking in recent weeks.
The comments point to a slower rate
of tightening on both sides of the Atlantic
than many investors were expecting.
The persistent overweight in eurozone
vs US equities could be more bad news
for European investors, strategists at
BAML said, as that could leave them more
vulnerable.
Elsewhere, Ericsson fell by nearly 16%
after cutting its forecast for the mobile
infrastructure market and reporting a wider-
than-expected loss, a further blow to a
company that is undertaking cost cuts.
Nokia fell 3.3% to the bottom of the CAC
40 Index as the Finnish mobile equipment
makers stock suffered too.
Zalando weighed on the retail index
with its shares down 8.3% after reporting
slowing sales growth. Europes biggest
online-only fashion retailer said capacity
issues at new warehouses had held it back.
The broader eurozone earnings picture
is expected to weaken slightly in the third
quarter, with analysts expecting a stronger
currency to weigh on the blocs large
exporters.
Historically euro weakness has provided
a driver for earnings beats and with that
removed, expectations may be more difficult
to surpass, Edward Park, investment
director at Brooks Macdonald, said.
German airline Lufthansa fell 1.2% from
10-year highs, the worst DAX performer,
as cautious second-half comments
overshadowed a profit forecast hike.
Lufthansas shares had gained nearly
70% this year up to Mondays close, among
the best performing stocks in Europe.
Norwegian fertiliser firm Yara fell 4%
after quarterly earnings were dented by a
margin squeeze.
We believe this has been Yaras darkest
quarter and see an improving trend with
urea prices ticking up in the US and Egypt
recently, Liberum analysts said.
Among shares boosting the index,
British spread-betting firm IG Group soared
more than 16%, leading the gainers after
beating analysts profit estimates.
Property developer British Land jumped
3.1% and was among the top performers
on the STOXX 600 after announcing a
300 million share buy-back.
Analysts at Morgan Stanley last week
predicted European share buy-backs would
accelerate as corporates react to a better
economic growth and solid balance sheets.
Reuters

ASX 200 Euro STOXX 50 Index Dow Jones Shanghai Composite

Index points Index points Index points Index points
6000 21600 5800
3900 3,478.68 3,230.98
-37.67 +43.41
(-1.07%) (+1.36%)
3415 18575 4825
5150 2,772.70
15550 3850
2930 10,403.79
5,732.126 21,574.73 3,087.842
4300 +44.733 -54.99
(+0.79%) 12525 (-0.25%) 2875
2445
4,686.53
3450 1960 9500 1900
Mar 1, 2010 Jul 19, 2017 Mar 1, 2010 Jul 18, 2017 Mar 1, 2010 Jul 18, 2017 Mar 1, 2010 Jul 19, 2017

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

Main Market & Ace Market Warrants 0.130 0.060 0.090 0.090 0132WA TDEX-WA 0.090 Unch 226.6 0.150 0.110 33.33 21/09/2018
1.160 0.300 0.305 0.300 7200WA TEKSENG-WA 0.305 -0.005 64.1 0.515 0.250 7.77 29/01/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.195 0.085 0.115 0.115 534735 TENAGA-C35 0.115 Unch 145 14.120 13.800 2.62 30/11/2017
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 0.140 0.090 0.100 0.100 534738 TENAGA-C38 0.100 -0.005 15 14.120 14.000 5.52 30/11/2017
0.490 0.260 0.290 0.290 7252WA TEOSENG-WA 0.290 0.010 10.3 0.865 1.350 89.60 29/01/2020
0.740 0.100 0.665 0.640 3042CB PETRONM-CB 0.650 -0.005 73.5 8.460 4.500 -0.71 31/07/2017 0.135 0.040 0.135 0.110 0145WA TFP-WA 0.115 0.005 4751.8 0.195 0.100 10.26 15/02/2019
0.315 0.085 0.220 0.210 3042CC PETRONM-CC 0.210 -0.010 488 8.460 6.500 6.62 29/09/2017 3.560 2.620 2.790 2.770 7034WA TGUAN-WA 2.770 0.040 25.9 4.350 1.500 -1.84 09/10/2019
2.600 2.200 2.240 2.230 8869WC PMETAL-WC 2.240 Unch 29.5 2.670 0.390 -1.50 22/08/2019 0.105 0.060 0.065 0.060 7889WB THRIVEN-WB 0.065 Unch 128.7 0.240 0.640 193.75 05/10/2020
1.050 0.615 0.930 0.915 7088WB POHUAT-WB 0.915 -0.015 86 1.940 1.000 -1.29 21/10/2020 0.025 0.005 0.015 0.010 7079WB TIGER-WB 0.010 Unch 486 0.060 0.170 200.00 23/12/2018
0.210 0.170 0.175 0.175 463410 POS-C10 0.175 0.005 5 5.150 5.500 20.39 22/01/2018 0.215 0.150 0.200 0.190 5031CN TIMECOM-CN 0.195 Unch 300 9.560 8.400 5.20 30/11/2017
0.435 0.170 0.285 0.285 4634C6 POS-C6 0.285 0.015 10 5.150 4.000 -0.19 18/08/2017 0.090 0.005 0.010 0.005 486314 TM-C14 0.010 -0.005 131 6.390 6.700 5.24 29/09/2017
0.285 0.130 0.145 0.130 4634C8 POS-C8 0.145 0.010 337.8 5.150 5.100 10.29 31/10/2017 0.170 0.095 0.095 0.095 486317 TM-C17 0.095 -0.010 20 6.390 6.200 2.97 30/08/2017
0.710 0.198 0.660 0.615 7168WA PRG-WA 0.645 0.025 384.6 1.050 0.375 -2.86 06/07/2019 0.080 0.025 0.030 0.030 0101CC TMCLIFE-CC 0.030 0.005 100 0.785 1.000 35.03 31/10/2017
0.710 0.425 0.495 0.485 8966WA PRLEXUS-WA 0.495 0.005 11.8 1.270 1.200 33.46 14/06/2021 0.315 0.125 0.155 0.135 0101WB TMCLIFE-WB 0.145 -0.005 3948.9 0.785 0.750 14.01 21/06/2019
0.145 0.040 0.110 0.105 7145WA PSIPTEK-WA 0.105 Unch 1096 0.160 0.100 28.13 16/11/2019 0.810 0.510 0.730 0.715 8397WC TNLOGIS-WC 0.720 0.005 56 1.730 1.000 -0.58 26/12/2018
0.140 0.020 0.080 0.080 0007WA PUC-WA 0.080 Unch 741.2 0.140 0.100 28.57 25/12/2024 0.485 0.109 0.470 0.440 7285WA TOMYPAK-WA 0.465 0.025 560.1 1.040 0.930 34.13 21/06/2021
0.145 0.015 0.075 0.070 0007WB PUC-WB 0.075 Unch 963 0.140 0.100 25.00 15/02/2019 0.185 0.050 0.125 0.120 711316 TOPGLOV-C16 0.125 -0.005 200 5.680 5.400 3.87 30/08/2017
0.750 0.215 0.640 0.630 7134WA PWF-WA 0.640 -0.005 243.4 1.010 0.620 24.75 20/07/2021 0.425 0.110 0.315 0.315 5042WB TSRCAP-WB 0.315 -0.005 9.5 0.750 0.700 35.33 28/12/2020
0.170 0.020 0.095 0.090 5256WA REACH-WA 0.090 -0.005 12207.7 0.415 0.750 102.41 12/08/2022 0.250 0.135 0.155 0.155 514838 UEMS-C38 0.155 0.010 50 1.220 1.000 1.02 16/08/2017
0.110 0.040 0.055 0.055 1066C2 RHBBANK-C2 0.055 Unch 30 5.070 5.600 13.71 28/02/2018 0.165 0.075 0.090 0.090 514839 UEMS-C39 0.090 0.005 20 1.220 1.050 0.82 31/07/2017
0.090 0.060 0.065 0.065 5270WA RSENA-WA 0.065 Unch 500 0.450 0.500 25.56 01/12/2023 0.150 0.070 0.085 0.085 514841 UEMS-C41 0.085 0.005 100 1.220 1.140 7.38 31/10/2017
0.050 0.020 0.035 0.030 0133WD SANICHI-WD 0.035 0.005 413.9 0.065 0.100 107.69 21/07/2019 0.085 0.015 0.025 0.020 514842 UEMS-C42 0.025 0.010 2184.6 1.220 1.400 18.85 29/09/2017
0.025 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 400 0.030 0.050 100.00 06/11/2019 0.105 0.055 0.055 0.055 514844 UEMS-C44 0.055 -0.005 100 1.220 1.350 19.67 24/11/2017
0.185 0.055 0.125 0.120 0161WA SCH-WA 0.125 Unch 625.5 0.215 0.100 4.65 04/12/2021 0.100 0.040 0.050 0.050 514845 UEMS-C45 0.050 0.005 1399 1.220 1.200 9.43 31/10/2017
0.190 0.055 0.135 0.135 0028WA SCOPE-WA 0.135 -0.005 10 0.240 0.150 18.75 17/07/2020 0.150 0.135 0.150 0.150 514847 UEMS-C47 0.150 0.005 150 1.220 1.000 6.56 30/01/2018
0.785 0.160 0.615 0.595 7073WB SEACERA-WB 0.610 -0.005 361.8 1.430 1.000 12.59 29/05/2019 0.110 0.005 0.005 0.005 524317 UMWOG-C17 0.005 Unch 1179 0.330 0.800 143.94 24/11/2017
0.170 0.020 0.025 0.020 5250CF SEM-CF 0.020 -0.015 1270 1.200 1.550 32.50 28/11/2017 0.070 0.015 0.015 0.015 524318 UMWOG-C18 0.015 Unch 180.1 0.330 0.600 88.64 29/12/2017
0.270 0.075 0.080 0.080 521838 SENERGYC38 0.080 0.005 200 1.610 1.650 12.42 30/11/2017 0.195 0.070 0.110 0.100 7091WA UNIMECH-WA 0.100 Unch 34.8 1.060 1.500 50.94 18/09/2018
0.145 0.020 0.030 0.030 521841 SENERGYC41 0.030 0.005 0.1 1.610 2.050 31.99 29/09/2017 0.200 0.085 0.200 0.195 5005CU UNISEM-CU 0.200 0.015 200 3.720 2.700 -0.54 16/10/2017
0.055 0.010 0.015 0.015 521842 SENERGYC42 0.015 Unch 100 1.610 2.200 39.91 31/10/2017 0.164 0.025 0.055 0.045 0069WB VIVOCOM-WB 0.050 -0.005 18132.8 0.135 0.200 85.19 07/09/2018
0.170 0.125 0.130 0.130 5279CA SERBADK-CA 0.130 0.005 260 1.910 2.000 21.73 02/02/2018 0.180 0.050 0.080 0.075 0069WC VIVOCOM-WC 0.075 -0.005 2179.5 0.135 0.100 29.63 22/01/2020
0.215 0.075 0.150 0.140 0055WA SERSOL-WA 0.140 0.005 540.5 0.195 0.180 64.10 18/04/2023 0.175 0.055 0.080 0.075 0069WD VIVOCOM-WD 0.080 Unch 2393 0.135 0.100 33.33 08/07/2020
0.205 0.055 0.160 0.150 7165WA SGB-WA 0.160 0.010 105 0.645 0.600 17.83 07/04/2021 0.055 0.020 0.025 0.025 7070WB VIZIONE-WB 0.025 -0.005 780.1 0.120 0.160 54.17 20/06/2018
0.350 0.210 0.265 0.255 7246WA SIGN-WA 0.260 -0.005 83 0.905 0.970 35.91 21/04/2021 0.595 0.200 0.530 0.530 7240WA VOIR-WA 0.530 0.060 4 0.830 0.500 24.10 31/03/2024
0.190 0.120 0.135 0.135 419714 SIME-C14 0.135 Unch 55 9.550 9.000 1.31 29/12/2017 0.210 0.155 0.175 0.175 6963CM VS-CM 0.175 Unch 20 2.000 1.800 7.50 30/11/2017
0.245 0.120 0.135 0.125 9776WB SMCAP-WB 0.130 Unch 27.7 0.675 1.000 67.41 13/07/2018 0.175 0.115 0.130 0.125 6963CN VS-CN 0.125 -0.005 400 2.000 2.000 12.50 08/12/2017
0.540 0.135 0.240 0.240 5213WA SNTORIA-WA 0.240 Unch 7 0.850 0.600 -1.18 15/04/2019 0.060 0.010 0.015 0.015 0066WA VSOLAR-WA 0.015 Unch 90 0.100 0.120 35.00 01/12/2017
0.845 0.650 0.775 0.740 5242WA SOLID-WA 0.775 Unch 10.3 1.280 0.500 -0.39 16/12/2020 0.690 0.240 0.600 0.585 6963WA VS-WA 0.590 Unch 4278.4 2.000 1.650 12.00 06/01/2019
0.285 0.125 0.225 0.220 0093WA SOLUTN-WA 0.225 0.005 546.4 0.335 0.200 26.87 04/07/2021 0.135 0.040 0.060 0.055 3565CA WCEHB-CA 0.055 Unch 310 1.430 1.650 23.08 30/11/2017
0.070 0.050 0.055 0.050 5126CE SOP-CE 0.055 0.005 600 3.580 3.800 11.52 29/09/2017 0.085 0.050 0.055 0.055 3565CB WCEHB-CB 0.055 -0.005 50 1.430 1.700 26.57 08/01/2018
0.210 0.055 0.060 0.055 8664CV SPSETIA-CV 0.060 -0.005 555 3.250 3.400 12.00 31/10/2017 0.215 0.045 0.055 0.045 9679C1 WCT-C1 0.050 Unch 386.6 1.960 2.250 20.41 30/11/2017
0.400 0.080 0.090 0.085 8664CW SPSETIA-CW 0.085 -0.005 174 3.250 3.400 8.54 29/12/2017 0.170 0.040 0.050 0.040 9679C2 WCT-C2 0.050 0.010 159.9 1.960 2.300 22.45 08/12/2017
0.200 0.025 0.025 0.025 8664CY SPSETIA-CY 0.025 -0.005 2260.9 3.250 3.900 21.54 08/12/2017 0.340 0.060 0.085 0.070 9679CZ WCT-CZ 0.085 0.015 278 1.960 2.000 8.55 31/10/2017
0.140 0.035 0.085 0.080 0129WA SRIDGE-WA 0.080 -0.005 217 0.220 0.180 18.18 24/02/2023 0.665 0.170 0.265 0.225 9679WD WCT-WD 0.250 0.030 6771.4 1.960 1.710 0.00 11/12/2017
0.125 0.020 0.065 0.060 0140WA STERPRO-WA 0.060 -0.005 509.1 0.155 0.480 248.39 17/02/2021 0.570 0.175 0.375 0.335 9679WE WCT-WE 0.365 0.020 5234.4 1.960 2.080 24.74 27/08/2020
0.065 0.015 0.030 0.025 1201WA SUMATEC-WA 0.030 0.005 383.6 0.050 0.320 600.00 03/03/2021 0.930 0.490 0.690 0.670 7245WA WZSATU-WA 0.670 Unch 60 1.070 0.500 9.35 28/10/2024
0.060 0.015 0.020 0.020 1201WB SUMATEC-WB 0.020 Unch 1373 0.050 0.175 290.00 13/11/2018 0.220 0.020 0.155 0.150 5156WC XDL-WC 0.155 Unch 35.8 0.270 0.160 16.67 02/07/2018
0.460 0.110 0.325 0.325 5263CH SUNCON-CH 0.325 -0.005 30 2.020 1.700 0.25 30/08/2017 0.015 0.005 0.010 0.010 0095WA XINGHE-WA 0.010 Unch 310 0.040 0.100 175.00 22/03/2019
0.505 0.145 0.465 0.430 3743WA SUNSURIA-WA 0.435 -0.010 1027.9 1.500 1.500 29.00 22/07/2020 0.110 0.035 0.065 0.060 0165WA XOX-WA 0.060 Unch 457 0.105 0.200 147.62 10/02/2019
0.325 0.100 0.255 0.240 0148WA SUNZEN-WA 0.255 Unch 96.3 0.365 0.100 -2.74 14/04/2019 0.115 0.060 0.085 0.085 7293CL YINSON-CL 0.085 0.010 130 3.620 3.300 0.55 22/08/2017
0.235 0.060 0.155 0.150 0148WB SUNZEN-WB 0.155 0.005 366.5 0.365 0.250 10.96 25/02/2021 0.185 0.050 0.065 0.065 7020WB YKGI-WB 0.065 Unch 234 0.220 0.500 156.82 28/05/2020
0.220 0.155 0.165 0.155 7082WB SYF-WB 0.165 0.005 187.5 0.525 0.700 64.76 11/11/2019 1.100 0.630 0.985 0.945 7066WA YONGTAI-WA 0.965 0.030 152.7 1.440 0.500 1.74 24/06/2020
0.365 0.125 0.255 0.255 1538WB SYMLIFE-WB 0.255 Unch 1.6 0.960 1.100 41.15 11/11/2020 0.100 0.035 0.035 0.035 4677C8 YTL-C8 0.035 Unch 100 1.430 1.500 7.34 29/12/2017
0.165 0.040 0.055 0.050 5158CD TAGB-CD 0.050 Unch 78.5 0.315 0.300 11.11 31/10/2017 0.450 0.320 0.350 0.350 6742WB YTLPOWR-WB 0.350 Unch 157 1.410 1.140 5.67 11/06/2018
0.205 0.030 0.035 0.035 8524CA TALIWRK-CA 0.035 0.005 89.8 1.450 1.600 13.97 29/09/2017 0.125 0.040 0.060 0.055 2283WA ZELAN-WA 0.060 Unch 151 0.135 0.250 129.63 25/01/2019
0.330 0.170 0.200 0.200 8524WB TALIWRK-WB 0.200 Unch 6.5 1.450 1.700 31.03 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 LY 2 0 , 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on July 18, 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. Qatar investment authoritys largest merger and acquisition deals
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Since 2008; in billions of US dollars.
AEON CO (M) (289,100) EMPLOYEES PROVIDENT FUND BOARD 105,820,700 13/7
ALAM MARITIM RESOURCES 500,000 POH YANG HONG 1,500,000 14/7
ASTRO MALAYSIA (964,100) EMPLOYEES PROVIDENT FUND BOARD 320,616,800 13/7
BIMB 1,000,000 AMANAHRAYA TRUSTEES 94,769,639 14/7
- SKIM AMANAH SAHAM BUMIPUTERA
BURSA MALAYSIA (400,000) KUMPULAN WANG PERSARAAN 97,167,200 14/7
(DIPERBADANKAN)
CAPITALAND MALAYSIA MALL TRUST 616,900 EMPLOYEES PROVIDENT FUND BOARD 189,283,200 13/7
CHIN HIN GROUP 3,500,000 DATUK SERI CHIAU BENG TEIK 54,957,200 26/5
CIMB GROUP (555,414) DATO LEE KOK KWAN 1,268,997 14/7
DIALOG GROUP (368,500) KUMPULAN WANG PERSARAAN 307,458,840 14/7
(DIPERBADANKAN)
DIALOG GROUP 1,622,000 EMPLOYEES PROVIDENT FUND BOARD 669,255,650 13/7
DIGI.COM 2,219,400 EMPLOYEES PROVIDENT FUND BOARD 1,052,777,732 13/7
EFFICIENT E-SOLUTIONS (100,000) LIM HOOI TEIK 64,858,500 17/7
EXCEL FORCE MSC (8,000,000) EXACTA CO., LTD., VIRGIN ISLANDS, BRITISH 23,350,000 13/7
GAMUDA 1,504,500 EMPLOYEES PROVIDENT FUND BOARD 271,787,105 13/7
GLOBETRONICS TECHNOLOGY (1,225,100) EMPLOYEES PROVIDENT FUND BOARD 29,763,600 13/7
HONG LEONG BANK 288,500 EMPLOYEES PROVIDENT FUND BOARD 257,875,821 13/7
IHH HEALTHCARE (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 788,710,300 13/7
IJM CORPORATION (2,827,600) EMPLOYEES PROVIDENT FUND BOARD 526,338,158 13/7
IJM CORPORATION (2,837,600) AMANAHRAYA TRUSTEES 211,708,700 14/7
- SKIM AMANAH SAHAM BUMIPUTERA
INARI AMERTRON (1,145,500) KUMPULAN WANG PERSARAAN 186,624,750 14/7
(DIPERBADANKAN)
IOI CORPORATION (333,300) EMPLOYEES PROVIDENT FUND BOARD 594,960,373 13/7
KAREX 100,000 TAN SRI DATO SERI ARSHAD AYUB 2,500,000 17/7
KOSSAN RUBBER INDUSTRIES (1,793,000) EMPLOYEES PROVIDENT FUND BOARD 73,970,900 12 & 13/7
KUALA LUMPUR KEPONG (145,400) EMPLOYEES PROVIDENT FUND BOARD 160,341,288 13/7
MAH SING GROUP (1,900,000) EMPLOYEES PROVIDENT FUND BOARD 210,049,161 14/7
MALAYAN BANKING 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 1,274,162,692 13/7
MALAYSIA AIRPORTS (342,600) EMPLOYEES PROVIDENT FUND BOARD 166,667,492 13/7
MKH (250,000) CHEN FOOK WAH 264,900 17/7
PAVILION REAL ESTATE (598,400) EMPLOYEES PROVIDENT FUND BOARD 156,148,503 13/7
INVESTMENT TRUST
PETRONAS GAS (509,200) KUMPULAN WANG PERSARAAN 104,649,500 14/7
French and US views
(DIPERBADANKAN) US President Donald Trump, under fire at home over Russian connections and abroad over climate
PPB GROUP 115,900 EMPLOYEES PROVIDENT FUND BOARD 110,156,025 13/7
PROTASCO 350,000 EMPLOYEES PROVIDENT FUND BOARD 30,993,400 13/7 change and trade, arrived in Paris last Thursday seeking common ground with Frances new leader
PUBLIC BANK (2,071,800) EMPLOYEES PROVIDENT FUND BOARD 489,114,100 13/7 Emmanuel Macron, with both men having incentives to improve ties Macron hoping to elevate
SIME DARBY 11,000,000 AMANAHRAYA TRUSTEES 2,818,461,833 13/7
- SKIM AMANAH SAHAM BUMIPUTERA
Frenchs role in global affairs, and Trump, seemingly isolated among world leaders, needing a
SIME DARBY 211,100 EMPLOYEES PROVIDENT FUND BOARD 678,272,131 12/7 friend overseas.
SUNWAY (205,500) EMPLOYEES PROVIDENT FUND BOARD 119,394,891 13/7
SUNWAY REAL ESTATE (200,000)AMANAHRAYA TRUSTEES 213,286,100 14/7
INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA
TELEKOM MALAYSIA (137,200) EMPLOYEES PROVIDENT FUND BOARD 659,787,974 13/7
TENAGA NASIONAL 1,760,200 AMANAHRAYA TRUSTEES 369,605,400 14/7
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL (3,100,000) EMPLOYEES PROVIDENT FUND BOARD 736,695,342 13/7
THRIVEN GLOBAL 941,075 GHAZIE YEO ABDULLAH 33,996,075 17/7
TIME DOTCOM 256,500 KUMPULAN WANG PERSARAAN 59,978,548 14/7
(DIPERBADANKAN)
UMW OIL & GAS CORPORATION 2,650,000 EMPLOYEES PROVIDENT FUND BOARD 199,249,776 13/7
VERSATILE CREATIVE (6,000,000) RICA (M) 6,582,170 6, 7 & 10/7
YINSON 500,000 KUMPULAN WANG PERSARAAN 80,559,800 14/7
(DIPERBADANKAN)
ZECON (3,000,000) DAWLA CAPITAL 56,689,475 14/7
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia. Note: * denotes Ace Market

Local events to watch out for today

Stocks closest to year high Stocks closest to year low
PlaTCOM Ventures Sdn Bhd and Agensi 70th anniversary celebration and STOCK HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
STOCK HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
Inovasi Malaysia will be organising unveiling of LaFerrari Aperta, the 70th ECONBHD 2.730 2.670 2.680 1152.3 MISC-C10 0.060 0.055 0.060 160
High Impact Programme 2 Success anniversary icon at Slate @ The Row, BKOON 0.560 0.505 0.530 14524.7 UEMS-C44 0.055 0.055 0.055 100
Showcase at L ot 2A , Jalan 13/2, Jalan Doraisamy, Kuala Lumpur at 10am. SUNWAY 4.190 4.080 4.180 6574.2 KAREX-C1 0.100 0.040 0.100 867.8
Section 13, Petaling Jaya at 8.30am. Oman Air media briefing by its chief PADINI 3.840 3.750 3.840 1109.6 ARMADA-C23 0.030 0.030 0.030 50
MPI 13.860 13.600 13.720 364.6 HSI-H2F 0.295 0.270 0.275 4147.1
Official opening ceremony for M executive officer Paul Gregorowitsch
GDEX-CG 0.095 0.085 0.085 822 TEKSENG-WA 0.305 0.300 0.305 64.1
Vertica Sales Gallery at M Vertica Sales at Shangri-La Hotel, Kelantan Room, DIN042300721 100.100 100.100 100.100 0.05 HSI-H2I 0.460 0.430 0.435 1043.1
Gallery, 15G, Wisma Low Siew Eng, Kuala Lumpur at 2.30pm to 4pm. CARLSBG 15.200 15.140 15.160 37.7 HSI-H2K 0.380 0.355 0.360 173
Jalan 1/92C, off Batu 2, Jalan Cheras, CyberSecurity Malaysias ISCB certificate FPI 1.060 1.030 1.040 1021.7 HHGROUP 0.235 0.230 0.235 134
Kuala Lumpur from 9am to 10.15am. presentation ceremony and media MPI-CF 0.585 0.585 0.585 15 AAX-C7 0.060 0.045 0.055 1182.7
Launch of Omen by HP at MakeSpace appreciation dinner will be officiated HSI-C1K 0.855 0.855 0.855 5 OWG 1.560 1.540 1.540 804.2
IQGROUP 4.450 4.360 4.420 117 AAX-C6 0.040 0.030 0.040 163.4
at Quill City Mall from 10am to noon. by Science, Technology and Innovation
AHB-WB 0.330 0.300 0.300 4438.7 HSI-H2L 0.645 0.635 0.640 35.8
Naza Italia Sdn Bhd, the official importer Deputy Minister Datuk Wira Dr Abu Bakar SYSTECH 0.395 0.365 0.370 14059.6 MISC-C12 0.100 0.100 0.100 110
and distributor for Ferrari in Malaysia, will Mohamad Diah at Marriott Putrajaya This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
holds a press conference for the Ferrari Hotel, Putrajaya Ballroom at 7pm. could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
prot-taking activities could set in later. 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 $ 0.639 0.737 0.703 0.565 0.930 1.008 1.008 0.929 3.1589 4.974 59.444 4.754 2.705 9,809 47.363 82.536 5.944 37.472 2.682 2.762 6.102 24.750 5.752
EURO 1.565 1.153 1.100 0.885 1.455 1.577 1.577 1.453 4.9425 7.783 93.007 7.438 4.232 15,348 74.106 129.138 9.301 58.630 4.197 4.322 9.547 38.724 9.000
US $ 1.358 0.868 0.954 0.767 1.263 1.368 1.368 1.261 4.2885 6.753 80.700 6.454 3.672 13,317 64.300 112.050 8.070 50.872 3.642 3.750 8.284 33.600 7.809
SWISS FR 1.423 0.909 1.048 0.804 1.323 1.434 1.434 1.322 4.4943 7.077 84.573 6.764 3.849 13,956 67.386 117.427 8.457 53.313 3.816 3.930 8.681 35.212 8.184
STERLING 1.769 1.131 1.303 1.243 1.646 1.782 1.783 1.643 5.5879 8.799 105.152 8.409 4.785 17,352 83.783 146.001 10.515 66.286 4.745 4.886 10.794 43.781 10.175
CANADA $ 1.075 0.687 0.792 0.756 0.608 1.083 1.083 0.999 3.3958 5.347 63.901 5.110 2.908 10,545 50.915 88.726 6.390 40.282 2.883 2.970 6.559 26.606 6.183
BRUNEI $ 0.992 0.634 0.731 0.698 0.561 0.923 1.000 0.922 3.1349 4.936 58.992 4.718 2.685 9,735 47.004 81.909 5.899 37.187 2.662 2.741 6.055 24.562 5.708
SINGAPORE $ 0.992 0.634 0.731 0.697 0.561 0.923 1.000 0.922 3.1342 4.935 58.979 4.717 2.684 9,733 46.993 81.891 5.898 37.179 2.661 2.741 6.054 24.556 5.707
AUSTRALIA $ 1.077 0.688 0.793 0.757 0.609 1.001 1.085 1.085 3.4008 5.355 63.996 5.118 2.912 10,561 50.990 88.856 6.400 40.342 2.888 2.974 6.569 26.645 6.192
MALAYSIA RM 0.317 0.202 0.233 0.223 0.179 0.294 0.319 0.319 0.294 1.0000 1.575 18.818 1.505 0.856 3,105 14.994 26.128 1.882 11.862 0.849 0.874 1.932 7.835 1.821
100 CHINESE RMB 20.104 12.849 14.808 14.130 11.365 18.701 20.257 20.262 18.674 63.5050 1,195 95.571 54.382 197,202 952.170 1,659 119.505 753.321 53.924 55.534 122.668 497.556 115.636
100 BANGLADH TAKA 1.682 1.075 1.239 1.182 0.951 1.565 1.695 1.696 1.563 5.3141 8.368 7.997 4.551 16,502 79.678 138.848 10.000 63.038 4.512 4.647 10.265 41.636 9.676
100 DANISH KRONER 21.035 13.444 15.494 14.785 11.891 19.568 21.196 21.201 19.539 66.4480 104.63 1,250 56.902 206,341 996.30 1,736 125.04 788.23 56.42 58.11 128.35 520.61 120.99
100 UAE DIRHAM 36.967 23.627 27.230 25.983 20.898 34.389 37.250 37.259 34.338 116.7765 183.89 2,197 175.74 362,626 1,751 3,051 219.75 1,385 99.16 102.12 225.57 914.93 212.64
1000 INA RUPIAH 0.010 0.007 0.008 0.007 0.006 0.009 0.010 0.010 0.009 0.0322 0.051 0.606 0.048 0.028 0.483 0.841 0.061 0.382 0.027 0.028 0.062 0.252 0.059
100 INDIA RUPEE 2.111 1.349 1.555 1.484 1.194 1.964 2.128 2.128 1.961 6.6695 10.502 125.505 10.037 5.711 20,711 174.261 12.551 79.116 5.663 5.832 12.883 52.255 12.144
100 JAPAN YEN 1.212 0.774 0.892 0.852 0.685 1.127 1.221 1.221 1.125 3.8273 6.027 72.021 5.760 3.277 11,885 57.385 7.202 45.401 3.250 3.347 7.393 29.987 6.969
100 NORWEGIAN KRONER 16.822 10.752 12.391 11.824 9.510 15.649 16.951 16.955 15.626 53.1400 83.678 1,000 79.972 45.506 165,016 796.761 1,388 630.368 45.123 46.470 102.646 416.347 96.762
100 PHILIPPINE PESO 2.669 1.706 1.966 1.876 1.509 2.482 2.689 2.690 2.479 8.4300 13.275 158.634 12.687 7.219 26,178 126.396 220.260 15.864 7.158 7.372 16.284 66.048 15.350
100 QATAR RIYAL 37.281 23.827 27.461 26.204 21.075 34.680 37.567 37.575 34.629 117.7674 185.446 2,216 177.232 100.849 365,703 1,766 3,077 221.617 1,397 102.985 227.482 922.696 214.442
100 SAUDI RIYAL 36.201 23.137 26.665 25.444 20.465 33.675 36.478 36.486 33.626 114.3539 180.071 2,152 172.095 97.925 355,103 1,715 2,988 215.194 1,357 97.101 220.888 895.952 208.226
100 SWEDISH KRONOR 16.389 10.474 12.072 11.519 9.265 15.245 16.514 16.518 15.223 51.7700 81.521 974.198 77.911 44.333 160,761 776.220 1,353 97.422 614.116 43.960 45.272 405.613 94.268
100 THAI BAHT 4.040 2.582 2.976 2.840 2.284 3.759 4.071 4.072 3.753 12.7634 20.098 240.179 19.208 10.930 39,634 191.370 333.483 24.018 151.405 10.838 11.161 24.654 23.241
100 HK$ 17.385 11.111 12.806 12.220 9.828 16.172 17.518 17.522 16.149 54.9181 86.478 1,033.438 82.648 47.028 170,537 823.422 1,435 103.346 651.460 46.633 48.025 106.081 430.278
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 LY 20 , 20 17 T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
1,758.50 90000 1.00 105.0
1980 18.00 94.798 4.5
(Unch) (+1.00) (+0.194) 3.47
(-0.01)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Jul 19, 2017 Jan 4, 2010 Jul 19, 2017 Oct 1, 2000 Jul 19, 2017
Oct 2, 2006 Jul 19, 2017

FBM KLCI futures FBM KLCI futures US dollar near 10-month Klibor
contracts end higher INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
lows; central banks eyed MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,757.27 2.35 110.5M The US dollar held near 10-month low against JUL7 96.57 0.03
AUG7 96.54 0.01
Malaysia Derivatives ended higheryesterday, JUL 17 1,758.50 UNCH 4,198 33,114 -540 an index of other currencies yesterday as SEP7 96.53 0.01
taking the cue from the underlying cash AUG 17 1,759.00 0.50 83 398 50
the chances of US rate increase seemed to DEC7 96.48 0.01
SEP 17 1,758.50 0.50 47 345 1
market. DEC 17 1,759.00 1.50 12 173 1
dwindle but investors remained wary of MAR8 96.48 0.01
July 2017 remained unchanged at 1,587.5; TOTAL pushing it lower before major central banks JUN8 96.48 0.01
4,340 34,030 -488
SEP8 96.48 0.01
August 2017 and September 2017 rose 0.5 meetings. DEC8 96.48 0.01
points each to 1,759 and 1,758.5 respectively; FUTURES ROLL OVER BID OFFER CLOSE The European Central Bank and the Bank MAR9 96.48 0.01
JUL/AUG 1.0 0.5 1.0
and December rose1.5points to 1,759. of Japan meet this week, and market watchers JUN9 96.48 0.01
Turnover stood at 4,340 lots with open FUTURES FAIR VALUE will be looking to see if the recent strength of SEP9 96.48 0.01
DEC9 96.48 0.01
interest amountingto 34,040. CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE the euro and the yen influence their policy MAR0 96.48 0.01
The benchmark FBM KLCIfinished 2.35 JUL 17
AUG 17
13
43
1.83
6.42
0.00
5.65
1.83
0.77
outlooks. JUN0 96.48 0.01
points better at 1,757.27. ROLLS FAIR -1.06
We believe it is appropriate to drop the SEP0 96.48 0.01
Most Southeast Asian stock markets easing bias when it comes to quantitative DEC0 96.48 0.01
MAR1 96.48 0.01
closed higher yesterday, in line with Asian easing, said Manuel Oliveri, FX strategist
JUN1 96.48 0.01
peers, as investors looked beyond economic at Credit Agricole. SEP1 96.48 0.01
cues from the US to focus on corporate This makes sense after indicating the lower DEC1 96.48 0.01
earnings due next week. said Manny Cruz, analyst at Manila-based bound in rates was reached and is also a natural MAR2 96.48 0.01
Investors are positioning themselves for Asiasec Equities Inc. next step towards an announcement of actual JUN2 96.48 0.01
TOTAL 0 0
second-quarter earnings due next week, Agencies tapering in September this year. 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 200000 6400 0.700 155.00 1980
0.3344
(RM3,159/tonne)
3450 5075 0.525 121.25 1660
152500 46.49
(+0.09)
2700 105000 3750 0.350 87.50 1340

1950 57500 2425 0.175 53.75 1020

2,523 1,239.40
(+10) 2,523 (-2.50)
1200 10000 20.00 700
1100 (+10) 0.000
Jan 6, 2008 Jul 19, 2017 Apr 10, 2007 Jul 19, 2017 Aug 31, 2008 Jul 19, 2017
Jan 6, 2008 Jul 19, 2017

Palm oil rebounds from CPO futures Strong gasoline demand Commodities

losses on export expectations CONTRACT

AUG-17
LAST
2,579
CHANGE
-3
VOLUME
984
OPEN CHANGE IN
INTEREST OPEN INTEREST
10,968 -828
lifts oil prices AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,523 10
RUBBER SEN/KG MRB 672.00 36.50
SEP-17 2,538 8 6,344 48,809 -1,967
Malaysian palm oil futures rebounded Oil prices rose yesterday, supported by strong CORN USC/BSH CBOT 381.25 4.25
OCT-17 2,523 10 14,689 47,634 1,465
SOYBEANS USC/BSH CBOT 991.75 2.25
yesterday evening, lifted from an earlier NOV-17 2,527 14 4,192 44,187 -130 demand for gasoline, but rising output from
WHEAT USC/BSH CBOT 504.75 1.00
two-week low by expectations of stronger DEC-17 2,539 8 1,506 8,737 215 Opec producers revived concerns about a LIVE CATTLE USC/IBS CME 116.88 1.75
cargo surveyor data due for release today. CPO FUTURES CPO/SOYOIL persistent overhang of excess crude. COCOA US$/TON NYBOT 1,944 -3
The market had fallen on an expected INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) Brent crude futures were up 18 US cents COFFEE USC/IBS NYBOT 134.60 -0.30
AUG/SEP 41 -74.29
increase in production, with Malaysias palm AUG/OCT 56 3 MONTHS AVERAGE -96.51
at US$49.02 a barrel, while US West Texas SUGAR USC/IBS NYBOT 14.87 0.03
oil output on track to rebound this year AUG/NOV Intermediate crude futures were up nine US COTTON USC/IBS NYC 67.97 0.07
52 6 MONTHS AVERAGE -90.50
from an El Nino-affected 2016, though a SEP/OCT 15 cents at US$46.49 a barrel. METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,050 UNCH
Reuters poll of traders, planters and analysts SGS & ITS EXPORT ESTIMATES (TONNES) While US crude stocks rose by 1.6 million COPPER USC/IBS CMX 2.7250 -0.0055
suggested it will miss previous forecasts on SHIPMENT DAYS MAY17 JUN17 JUL17 barrels to 497.2 million barrels in the week GOLD US$/TROY OZ CMX 1,239.40 -2.50
a par with 2015s record high. 1 - 10TH DAYS 359/347 367/367 381/360 to July 14, gasoline stocks fell by a whopping PLATINUM US$/TROY OZ NYMEX 925.10 -2.80
The benchmark palm oil contract 1- 15TH DAYS 613/618 524/509 616/599
5.4 million barrels, the American Petroleum PALLADIUM US$/TROY OZ NYMEX 860.95 0.80
for October delivery on Bursa Malaysia 11 -- 20TH DAYS
25TH DAYS
853/847
1,007/1,007
710/721
996/986
/
/
Institute (API) said on Tuesday. SILVER USC/TROY OZ CMX 16.20 -0.04
Derivatives rose 0.5% to RM2,523. It had FULL MONTH The [gasoline] draws reported by the ALUMINIUM RMB/TON SHF 14,550 75
1,310/1,306 1,210/1,190 /
ZINC RMB/TON SHF 22,915 -165
earlier dipped to RM2,494, its lowest since MALAYSIAN PALM OIL BOARD API are very large and gasoline was already
July 4. MAR17 APR17 MAY17 JUN17 strong, Olivier Jakob of oil consultancy ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 46.49 0.09
Export figures are expected to look quite PRODUCTION 1,464 1,548 1,655 1,514 Petromatrix said. HEATING OIL USC/GAL NYMEX 1.5246 0.0097
good, said a futures trader in Kuala Lumpur, EXPORT
STOCKS
1,554
1,266
1,283
1,600
1,506
1,558
1,379
1,527
As long as you have gasoline that strong, NATURAL GAS US$/MMBTU NYMEX 3.054 -0.019
referring to export data for the July 1 to July its very difficult to sell crude oil aggressively. BRENT CRUDE US$/BBL ICE 49.02 0.18
MPOB Palm oil physical
20 period scheduled for release today. Reuters GAS OIL US$/TON ICE 449.25 3.00
Overall shipments for the full month of (IN RM/TON) JUL17 AUG17 SEP17

July, however, are expected to be unchanged CPO DELD

PK EX-MILL
2,589.00 2,600.00
1,993.50 NO TRADE NO TRADE
NO TRADE Centrifuged Latex Rubber - Msia SMR 20
to slightly negative versus June. CPKO DELD NO TRADE 4,080.50 4,072.00 Sen/Kg
Sen/Kg
In related oils, the December soybean RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
oil contract on the Chicago Board of Trade RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE 512.00 672.00
rose 0.2%, while September soybean oil on RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+0.50) (+36.50)
1475
the Dalian Commodity Exchange was down MPOB FFB REF PRICE (MILL GATE PRICE)
0.1%. The September palm olein contract REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
declined by 0.5%. NORTH 20.00% 561 19.00% 536 18.00% 511
Palm oil prices are affected by the SOUTH 20.00% 566 19.00% 541 18.00% 515
500 625
performances of other edible oils, which CENTRAL 20.00% 563 19.00% 538 18.00% 512
compete for a share in the global vegetable EAST COAST 20.00% 564 19.00% 539 18.00% 513 300 200
SABAH 22.00% 547 21.00% 524 20.00% 501 Jan 7, 2007 Jul 19, 2017 Jan 7, 2007 Jul 19, 2017
oils market. Reuters SARAWAK 22.00% 555 21.00% 531 20.00% 507
 Markets
32 T HUR SDAY JU LY 2 0 , 2 0 17 TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S 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 1,757.27 2.35 FBM ACE 6,801.56 21.19 FTSTI 3,325.07 18.99 NIKKEI 20,020.86 20.95 HANG SENG 26,672.16 147.22 DOW JONES 21,574.73 54.99

Talent is only the starting point. Market movers

Irving Berlin
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 MLAB 129,221.4 -0.070 -25.00 0.210 0.00
('000) (%) (RM) (RM) (RM) (RM) IWCITY 110,700.9 -0.080 -5.19 1.460 0.00
Index point
1764.0 IWCITY 110,701 -5.19 -0.080 1.460 1.730 1.450 AAX 53,275.0 0.010 2.53 0.405 40.31 0.00
1762.9 AAX 53,275 2.53 0.010 0.405 0.415 0.390 EKOVEST 46,058.7 -0.040 -3.42 1.130 11.00 1.03
1761.8 ADVCON 42,884 9.89 0.090 1.000 1.020 0.900 ADVCON 42,883.7 0.090 9.89 1.000 12.76 0.00
1760.7 MALTON-WB 39,930 7.14 0.035 0.525 0.575 0.485 UMWOG 40,613.2 -0.010 -2.94 0.330 0.00
1,758.50 GDEX 24,093 0.00 0.000 0.705 0.740 0.700 MALTON-WB 39,930.0 0.035 7.14 0.525 0.00
1759.6 KLCI futures (Unch)
FGV-C27 20,578 40.00 0.010 0.035 0.035 0.025 FRONTKN 27,770.6 -0.015 -3.95 0.365 15.08 0.00
1758.5
AAX-WA 19,076 7.14 0.015 0.225 0.230 0.205 MAYBANK 27,586.1 0.040 0.42 9.640 13.78 5.42
1757.4
MRCB-C9 13,258 125.00 0.025 0.045 0.060 0.025 ANZO 26,164.5 0.005 4.35 0.120 0.00
1756.3
KL Composite Index 1,757.27 GOCEAN 12,554 9.09 0.015 0.180 0.185 0.175 GDEX 24,093.3 UNCH UNCH 0.705 100.71 0.35
1755.2 (+2.35) FGV-C23 12,205 0.00 0.000 0.005 0.010 0.005 JOHAN 23,968.7 0.010 3.28 0.315 0.00
1754.1 INTA 12,083 3.28 0.010 0.315 0.320 0.305 VIVOCOM 22,774.4 -0.010 -6.90 0.135 12.95 0.00
1753.0 KEYASIC 10,380 3.57 0.005 0.145 0.160 0.140 DNEX-WD 21,381.7 -0.005 -1.64 0.300 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
JAG-WA 9,097 0.00 0.000 0.055 0.060 0.050 EKOVEST-WB 21,071.4 -0.010 -1.18 0.835 0.00
FPGROUP 8,628 4.73 0.040 0.885 0.885 0.850 FGV-C27 20,578.1 0.005 16.67 0.035 0.00
Daily FBM KLCI GDEX-WB 7,593 1.01 0.005 0.500 0.540 0.495 MLAB-WA 19,990.9 -0.015 -21.43 0.055 0.00
PRESBHD 7,388 -7.98 -0.190 2.190 2.390 2.170 DIALOG 19,497.3 0.040 2.09 1.950 29.48 1.26
KL Composite Index Moving average - 20-day AAX-WA 19,076.0 0.015 7.14 0.225 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,757.27 VIVOCOM-WB 18,132.8 -0.005 -9.09 0.050 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(+2.35) 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 1,764.72 FBM KLCI up on China CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

optimism; Maybank rises DIN042300721

DLADY
100.100
59.100
1.400
0.700
UTDPLT
LCTITAN-CC
27.120
0.260
-0.760
-0.290
1122.5 BAT 43.600 0.600 FAREAST 8.700 -0.250
DIN040000223 99.500 0.500 PRESBHD 2.190 -0.190
KUALA LUMPUR: The FBM KLCI rose 2.35 points or 0.1% ALLIANZ-PA 13.920 0.460 PENTA 3.430 -0.190
820.0 yesterday to 1,757.27, as China shares gained amid optimism AJI 25.760 0.300 MTOUCHE 0.510 -0.170
Jan 2, 2008 Jul 19, 2017 on the countrys economy. TECGUAN 1.850 0.170 PANAMY 37.200 -0.140
In China, the Shanghai Stock Exchange Composite Index CHINTEK 8.000 0.140 KESM 16.060 -0.140
900
rose 1.36%, while Hong Kongs Hang Seng Index added POLY 0.640 0.125 BURSA 10.000 -0.120
MMSV 1.630 0.120 F&N 25.160 -0.120
0.56%.
600 LATITUD 5.580 0.110 PPB 16.720 -0.120
Reuters reported that optimism on Chinas economy SAB 4.900 0.100 GENTING 9.340 -0.110
300 underpinned Asian shares and commodities. It was reported
that Chinas major share indices rebounded yesterday as Top gainers and losers (ranked by percentage)
0
investors piled into blue chips after robust economic growth
Volume (mil)
data and on expectations that Beijing is stepping up efforts UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
to reform lumbering and inefficient state companies.
FBM KLCI futures Inter-Pacific Securities Sdn Bhd research head Pong Teng MRCB-C9 0.045 125.00 LCTITAN-CC 0.260 -52.73

CONTRACT SETTLEMENT CHANGE HIGH LOW

Siew told theedgemarkets.com: The index (FBM KLCI) KAREX-C1 0.100 122.22 SEM-CF 0.020 -42.86
ENGKAH-WA 0.160 100.00 TM-C14 0.010 -33.33
JUL 17 1,758.50 UNCH 1,764.00 1,757.00 seems to be trying to hold [at current] levels. MRCB-C12 0.025 66.67 ARMADA-C23 0.030 -33.33
AUG 17 1,759.00 0.50 1,763.50 1,758.00 Across Bursa Malaysia, 2.17 billion shares valued at UEMS-C42 0.025 66.67 FGV-C25 0.025 -28.57
SEP 17 1,758.50 0.50 1,763.00 1,757.00
RM2.29 billion were traded. Gainers outpaced decliners at MRCB-C13 0.015 50.00 GAMUDA-C36 0.090 -28.00
406 to 383 respectively. HUBLINE-WA 0.015 50.00 MTOUCHE-WB 0.130 -25.71
FBM KLCI sensitivity* Notable among most-active stocks was Malayan Banking CNOUHUA 0.035 40.00 MLAB 0.210 -25.00

KLCI CHANGE CLOSE VOLUME Bhd (Maybank). Maybank share gains appeared to have FGV-C27 0.035 40.00 MTOUCHE 0.510 -25.00
POINTS (RM) (RM) ('000) DIGI-C19 0.035 40.00 DBE-WB 0.015 -25.00
CIMB GROUP 1.35 0.090 6.420 12895.6
given the FBM KLCI a last-minute push. DRBHCOMC26 0.120 33.33 LCTITAN-CD 0.265 -24.29
MAYBANK 0.70 0.040 9.640 27586.1 Maybank shares added four sen to close at RM9.64 with FGV-C26 0.040 33.33 MEDAINC-WB 0.050 -23.08
GENTING MALAYSIA 0.69 0.070 5.820 5174.7 some 28 million shares traded. Maybank was Bursas ninth
IHH HEALTHCARE 0.54 0.040 5.950 2043.7 most-active stock. Top gainers and losers - warrants (ranked by percentage)
AXIATA GROUP 0.45 0.030 4.680 2895.7 Malaysian consumer prices in June rose 3.6% from a year
PETRONAS CHEMICAL 0.40 0.030 6.940 4782.3 UP CHANGE DOWN CHANGE
BRITISH AMERICAN TOBACCO 0.28 0.600 43.600 272.7
earlier, government data showed, compared with a Reuters CLOSE (%) CLOSE (%)
PETRONAS GAS 0.26 0.080 18.860 760.7 estimate of 3.9%. by Samantha Ho MRCB-C9 0.045 125.00 LCTITAN-CC 0.260 -52.73
DIGI.COM 0.26 0.020 4.790 4428.6
World equity indices KAREX-C1 0.100 122.22 SEM-CF 0.020 -42.86
PPB GROUP -0.23 -0.120 16.720 316.9 ENGKAH-WA 0.160 100.00 TM-C14 0.010 -33.33
HAP SENG CONSOLIDATED -0.29 -0.070 9.080 382.6 CLOSE CHANGE CLOSE CHANGE MRCB-C12 0.025 66.67 ARMADA-C23 0.030 -33.33
HONG LEONG BANK -0.36 -0.100 15.700 1262.6
DOW JONES 21,574.73 -54.99 INDONESIA 5,806.69 -15.66 UEMS-C42 0.025 66.67 FGV-C25 0.025 -28.57
TELEKOM MALAYSIA -0.37 -0.060 6.390 2669.7
S&P 500 2,460.61 1.47 JAPAN 20,020.86 20.95 MRCB-C13 0.015 50.00 GAMUDA-C36 0.090 -28.00
TENAGA NASIONAL -0.37 -0.040 14.120 4980.6
NASDAQ 100 5,880.10 40.36 KOREA 2,429.94 3.90 HUBLINE-WA 0.015 50.00 MTOUCHE-WB 0.130 -25.71
AMMB HOLDINGS -0.45 -0.090 5.010 1334.3
FTSE 100 7,390.22 -13.91 PHILIPPINES 7,972.90 19.98 FGV-C27 0.035 40.00 DBE-WB 0.015 -25.00
GENTING -0.69 -0.110 9.340 2937.6
AUSTRALIA 5,732.13 44.73 SINGAPORE 3,325.07 18.99 DIGI-C19 0.035 40.00 LCTITAN-CD 0.265 -24.29
SUB-TOTAL 2.15
CHINA 3,230.98 43.41 TAIWAN 10,506.10 24.84 DRBHCOMC26 0.120 33.33 MEDAINC-WB 0.050 -23.08
OTHERS 0.20
HONG KONG 26,672.16 147.22 THAILAND 1,575.85 4.33 FGV-C26 0.040 33.33 MLAB-WA 0.055 -21.43
GRAND TOTAL 2.35
INDIA 31,955.35 244.36 VIETNAM 771.30 3.81 DPS-WA 0.020 33.33 BURSA-C12 0.095 -20.83
* How stock price changes affected the index on the previous trading day

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