20160518h7qrmt

FBM KLCI 1633.39 12.18 KLCI FUTURES 1628.50 16.50 STI 2781.11 45.05 RM/USD 4.0160 CPO RM2599.00 12.00 OIL US$48.85 0.12 GOLD US$1274.80 0.60

Jimah’s debt charges, depreciation drag Edra to bigger loss in FY15

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

FINANCIALDAILY

w w w . t h e e d g e m a r k e t s . c o m

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)

PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

WEDNESDAY MAY 18, 2016 ISSUE 2169/2016




9 P R O P E R T Y S N A P S H O T

1 3 H O M E

1 2 H O M E

Too early to conclude fraud in 1MDB-IPIC deal, says PM

UMW Oil & Gas cuts 300 jobs

Carlsberg mulls price increase in 2016

CBRE partners WTW in Malaysiato become CBRE|WTW

‘Malaysians among world’s top savers’

Najib: Brand Malaysia has government’s support

Putin ready to discuss downing of jet with Najib — Kremlin PA G E 2

Johari: 1MDB’s project partners

FACING DIFFICULTIES

As fund’s issue is deterring banks from

giving out loans.Meena Lakshana has the

story on Page 3.

PHOTO BY SUHAIMI YUSUF




1 2 H O M E

1MDB-IPIC deal, says PM




Najib: Brand Malaysia has

nd’s issue iisss As fund’ i iA fbbbbbaaaaaaaannnnnnnnkkkkkkkksssssss ffffffffrrrom deterringgggggg bbbbbg out loans.ggggiiiiiiviiingana has the MMMeena Laksha

on story Page 3.

Th eEdgeProperty.comsmart!

Get home

Find your next @Seriously, it's the

ONLY property portal

you need


Jimah’s debt charges, depreciation drag Edra to bigger loss in FY15


FINANCIALFINANCIALDAILYDAILY



PP 9974/08/2013 (032820)


WEDNESDAY MAY 18, 2016 ISSUE 2169/2016





1 3 H O M E

1 2 H O M E

Too early to conclude fraud in 1MDB-IPIC deal, says PM




‘Malaysians among world’s top savers’

Najib: Brand Malaysia has government’s support

Putin ready to discuss downing of jet with Najib — Kremlin PA G E 2

Johari: 1MDB’s project partners

FACING DIFFICULTIES

As fund’s issue is deterring banks from

giving out loans.Meena Lakshana has the

story on Page 3.

PHOTO BY SUHAIMI YUSUF

2 WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T Vwww.theedgemarkets.com

Kalimullah on Malaysia’s slippery slide downwards

BY J OYC E KO H & E L F F I E C H E W

BY N E I L C H AT T E R J E E

& H E R D A R U P U R N O M O

US consumer prices post largest gain in three yearsWASHINGTON: US consumer prices recorded their biggest in-crease in more than three years in April as gasoline and rents rose, pointing to a steady infl a-tion build-up that could give the Federal Reserve ammunition to raise interest rates later this year. Th e labour department said yes-terday its Consumer Price Index (CPI) increased 0.4% last month, the largest gain since February 2013, after rising 0.1% in March. Th at took the year-on-year in-crease in the CPI to 1.1% from 0.9% in March. The so-called core CPI, which strips out food and energy costs, rose 0.2% after climbing 0.1% in March. In the 12 months through April, the core CPI increased 2.1% after increas-ing 2.2% in March. — Reuters

Malaysia cut carbon emis-sions by 35% last yearLONDON: Malaysia has achieved a reduction of 35% in its national carbon emissions as at end-2015 from a target of 40% reduction by 2020, Prime Minister Datuk Seri Najib Razak said. “We take these targets seriously and this shows the work that goes into meeting them,” he said in his address on Global Competitiveness: Ma-laysia’s Aspirations during the Global Science and Innovation Advisory Council-Khazanah Dis-tinguished Lecture Series here yesterday. Th e prime minister said sustainability not only makes environmental sense but also economic sense as it is a driver of new technology and innova-tion, and it is an important sector worldwide. — Bernama

‘Mahathir’s call akin to father killing his son’KUALA LUMPUR: Tun Dr Ma-hathir Mohamad’s statement urg-ing the people to reject Barisan Nasional (BN) candidates at the two by-elections next month is akin to a father who is willing to kill his own son. Umno supreme council member Datuk Seri Ah-mad Shabery Cheek said the for-mer prime minister is now willing to involve the people to reject BN. “He (Dr Mahathir) is seen as being on his own now, to the extent of willing to have his son (BN), which he brought up, killed, by urging the people to do so,” he told reporters in the parliament lobby here yesterday. — Bernama

I N BR I E F

Publisher and Group CEO Ho Kay Tat

EDITORIALFor News Tips/Press ReleasesTel: 03-7721 8219 Fax: 03-7721 8038Email: [email protected]

Senior Managing Editor Azam ArisExecutive Editors Kathy Fong,Jenny Ng, Siow Chen Ming, Ooi Inn LeongAssociate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock,Vasantha GanesanEditors Cindy Yeap, Kang Siew LiAssistant Editors Adeline Paul Raj,Tan Choe Choe Chief Copy Editor Halim YaacobSenior Copy Editor Melanie ProctorCopy Editors Evelyn Chan, Tham Yek Lee, Tham Kid ChengArt Director Sharon KhohDesign Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa

EDITORIAL ADMINISTRATIONManager Katherine TanAssistant Manager Madeline TanSenior Coordinator Maryani Hassan

CORPORATE

Managing Director Au Foong YeeDeputy Managing Director Lim Shiew Yuin

ADVERTISING & MARKETING

To advertise contactGL: (03) 7721 8000 Fax: (03) 7721 8288Chief Marketing Offi cer Sharon Teh (012) 313 9056General Manager, Digital Media Kingston Low (012) 278 5540Senior Sales Managers

Fong Lai Kuan (012) 386 2831Peter Hoe (019) 221 5351Gregory Thu (012) 376 0614Creative Marketing Chris Wong (016) 687 6577Head of Marketing Support & Ad Traffi c

Lorraine Chan (03) 7721 8001Email: [email protected]

OPERATIONSTo order copyTel: 03-7721 8034 / 8033Fax: 03-7721 8282Email: [email protected]

TheEdgeProperty.com

Managing Director Au Foong YeeEditor Lam Jian WynContributing Editor Sharon KamAssistant Editor James Chong

MARKETING & ADVERTISINGAccount Director

Sharon Chew (012) 316 5628

BUSINESS DEVELOPMENTSenior Manager Elizabeth Lay

The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

MOSCOW: Russian President Vladimir Putin is ready to discuss the issue of the downing of a Ma-laysian airliner in Ukraine in 2014 with visiting Prime Minister Datuk Seri Najib Razak this week, Kremlin aide Yury Ushakov said yesterday.

“Should Malaysian represent-atives wish to discuss the topic of the Boeing, we certainly will also be ready to discuss it,” Ushakov said. Najib will attend an Asean summit in Russia’s Black Sea re-sort of Sochi.

Meanwhile, a news.com.au re-port yesterday said new satellite images had been released, which appear to confi rm the exact time and location of the air defence sys-tem used in the downing of fl ight MH17 over eastern Ukraine. News.com.au is an Australian news and entertainment website owned by News Corp Australia.

Th e images, released by global intelligence agency Statfor with AllSource Analysis, were captured just hours before the jet was shot

down with 298 people on board.The imagery shows the Buk

missile system near separa-tist-controlled Donetsk on July 17, 2014, and the satellite images do not look good for Russia with offi cials repeatedly claiming the Malaysian Airlines fl ight was shot down by a Ukrainian plane, and not one of their missiles.

On another note, The Tele-graph has reported Australia’s New South Wales state coroner Michael Barnes as having ruled

that the downing of MH17 was “a gross mass murder”.

He found that the state’s six victims of the Malaysian Airlines tragedy died after a missile was deliberately fi red at the Boeing 777-200ER over Ukraine, killing all 298 on board, including 38 Australians.

“Coroners do not make fi ndings of criminal guilt but it would be pointless sophistry not to acknowl-edge that these deaths were part of a gross mass murder,” Barnes said. — Reuters

Putin ready to discuss the downing of jet with Najib — Kremlin

JAKARTA: Indonesia is turning to Singapore’s Temasek Holdings Pte Ltd as a model to create a sover-eign investment company to drive development in Southeast Asia’s biggest economy.

The government is consider-ing starting an investment hold-ing company for four or fi ve state-owned entities (SOEs), which could then buy shares in Indonesian com-panies, Finance Minister Bambang Brodjonegoro said in an interview in Jakarta on Monday. If the fund is successful, it may over time in-vest in assets overseas, as Temasek did, he said.

“A super-holding of our SOEs, that could be a very good sovereign wealth fund for Indonesia,” Brodjon-egoro said. “Th is process has to start.”

“Th ere are still a lot of big Indo-nesian companies not really owned by Indonesians, so this could be a good opportunity,” Brodjonegoro said. “Th ey can invest; they have

Indonesia turns to Temasekas sovereign investment model

the fi nancing capability, and later, maybe if the thing is already settled, with investing in Indonesia, they can of course go abroad.”

State banks and energy firms may be possible targets for an in-vestment holding company. Dwi Soetjipto, chief executive offi cer of PT Pertamina, said this week he wants to combine with gas com-pany PT Perusahaan Gas Negara. State-Owned Enterprises Minister Rini Soemarno said in April that PT Danareksa Investment Manage-ment will be a holding company for

government-owned fi nancial fi rms.Indonesia is also putting ef-

forts into boosting tax revenue to fund its infrastructure drive, with a planned amnesty for declaring and repatriating hidden off shore funds seen as key to widening the tax base. Brodjonegoro said he expects the planned tax amnesty bill to be passed by parliament this month.

Th e economy will probably ex-pand more than 5% in the second quarter as public spending picks up and farming output improves, the minister said. — Bloomberg

SINGAPORE/KUALA LUMPUR: JP-Morgan Chase & Co’s head of Ma-laysia investment banking Didi Sya-fruddin Yahya is leaving the fi rm after more than 20 years, according to people with knowledge of the matter.

Didi, a managing director at the bank, is departing the US fi rm this week, one of the people said, asking not to be named as the information is private.

Didi’s departure comes as the pace of dealmaking in the South-east Asian nation slows.

First-time share sales from Ma-laysian companies totalled US$247 million (RM992.94 million) so far this year, compared with US$935 million for the same time last year, accord-ing to data compiled by Bloomberg.

Didi to leave JPMorganHis departure comes as pace of dealmaking in Malaysia slows

Mergers and acquisitions involv-ing Malaysian companies last year reached US$20.9 billion, the lowest since 2009, the data show.

Chris Cockerill, a Singapore-based

spokesman for JPMorgan, declined to comment. A message sent to Didi’s work email address was returned as undeliverable.

Southeast Asian investment banking has experienced several high-profile departures already this year. Tim Leissner, the Gold-man Sachs Group Inc executive who helped build the investment bank’s Malaysia business, left the fi rm earlier in February.

Nehchal Khanna, Morgan Stan-ley’s managing director focused on Malaysia dealmaking, resigned in January, while HSBC’s head of Southeast Asia banking adviso-ry Alvin Lim is leaving the bank to join buyout fi rm CVC Capital Partners next month, people with knowledge of the matter have said. — Bloomberg

BLOOMBERG

Didi is departing the US fi rm this week. The Edge fi le photo

H O M E B U S I N E S S 3WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Johari: 1MDB’s project partners facing diffi cultiesAs fund’s issue is deterring banks from giving out loans

BY M E E N A L A K S H A N A

BY C H E N S H AUA F U I

BY C H E N S H AUA F U I

KUALA LUMPUR: Progress on 1Ma-laysia Development Bhd’s (1MDB) mega projects Tun Razak Exchange (TRX) and Bandar Malaysia is being hindered by fi nancing diffi culties, says Deputy Finance Minister Datuk Johari Abdul Ghani.

Johari said the troubles faced by 1MDB are deterring banks from giv-ing out loans to the state investment fund’s project partners seeking to move the projects forward.

“Right now the issue is … you know TRX, we have a joint venture with Land Lease (Australia-listed property developer), they cannot move because the project partners cannot get fi nancing because of the 1MDB issue.

“In Bandar Malaysia, [it is] also the same thing. So it is very diffi cult for the local or international banks to fi nance when you have issues at 1MDB,” he told reporters yesterday after launching the Malaysian Direc-tors Academy (Minda) 2.0.

Johari said this was why Parlia-ment’s Public Accounts Commit-tee (PAC) had recommended that 1MDB’s assets and subsidiaries be transferred to the Minister of Fi-nance Inc (MoF Inc). MoF Inc fully owns 1MDB.

Lend Lease formed a 60:40 joint venture with 1MDB in March last year to develop a A$2.8 billion (RM8 billion) project at TRX, with Lend Lease taking the majority stake. Dubbed Th e Lifestyle Quarter, the

KUALA LUMPUR: It is still too early to conclude if fraud had occurred in the transactions or dealings be-tween troubled state investment fund 1Malaysia Development Bhd (1MDB) and Abu Dhabi-based In-ternational Petroleum Investment Co (IPIC), said Prime Minister Da-tuk Seri Najib Razak.

Najib said 1MDB is still studying and will take the necessary action to prove that IPIC and its subsid-iary Aabar Investment PJS (Aabar Abu Dhabi) are responsible for the US$3.5 billion paid to Aabar Invest-ment PJS Ltd (Aabar BVI) registered in the British Virgin Islands.

“Therefore, it is still too early to conclude if fraud had occurred in the transactions or dealings relating to 1MDB and IPIC,” said Najib in a written reply to a par-

development would span over 17 acres (6.88ha), comprising a shop-ping centre integrated with TRX’s multi-layer central park, as well as three residential towers and a hotel.Construction was reportedly sched-uled to start late last year.

1MDB also announced last year that it would sell 60% of its equity interest in Bandar Malaysia Sdn Bhd to consortium IWH-CREC Sdn Bhd for RM7.41 billion. Th e IWH-CREC consortium is a 60:40 joint venture between Iskandar Waterfront Hold-ings Sdn Bhd (IWH) and China Rail-way Engineering Corp.

Johari said the transfer of 1MDB assets to MoF Inc is on track. “We are finalising the agreement,” he said. He also said once 1MDB’s di-rectors resign on May 31, a caretaker board comprising MoF Inc offi cials will take over the helm of the entity.

MoF Inc said on March 7 that 1MDB will transfer the ownership of Bandar Malaysia Sdn Bhd, TRX

PM: Too early to conclude fraud liamentary question by Bagan member of parliament (MP) Lim Guan Eng.

Guan Eng had asked the fi nance minister to state when 1MDB pres-ident and group executive director Arul Kanda Kandasamy tendered his resignation and was it due to the US$3.5 billion fraud involving IPIC and Aabar BVI, because the resigna-tion was rejected by IMDB’s board of directors although everyone on the board had since resigned. He also asked how the US$50 million interest has to be paid when IPIC refused to do so.

On April 13, 1MDB said it could be a victim of fraud if payments of US$3.5 billion intended for an Abu Dhabi sovereign wealth fund never made it there. IPIC had earlier de-nied ownership of Aabar BVI that received the funds.

Najib said following the dispute

between 1MDB and IPIC, 1MDB and its subsidiary 1MDB Energy (Langat) Ltd (Langat Bond) and 1MDB Energy Ltd (Energy Bond) have yet to pay the bond interests and it is in the situation of default, according to the terms of Langat Bond and Energy Bond.

Hence, IPIC paid the interests under the guarantee terms of IPIC, Najib added.

In another written reply to Beru-as MP Datuk Ngeh Koo Ham, Najib said with regard to the transac-tion amounting to US$3.5 billion to Aabar BVI, 1MDB had followed all terms and conditions set in an agreement signed between IPIC and Aabar Abu Dhabi.

Ngeh had asked who actually received the US$3.5 billion follow-ing the announcement of IPIC and Aabar Abu Dhabi that Aabar BVI received the sum.

Tony Pua-Arul Kanda face-off still on

KUALA LUMPUR: Th e fi rst one-to-one debate between DAP nation-al publicity secretary Tony Pua and 1Malaysia Development Bhd (1MDB) president and group executive direc-tor Arul Kanda Kandasamy over con-troversies surrounding the strategic development fund is still on.

Pua said Arul Kanda on April 15 agreed to proceed with the debate, adding that they are now making the preparations to take off the gloves on air.

“Arul [Kanda] has since contacted me to make the necessary arrange-ments for the event. He has assigned Robert Ho, 1MDB’s head of com-munications, to lead the discussion on the format and structure of the talk show or debate,” the member of parliament (MP) for Petaling Jaya Utara told reporters at the Parlia-ment lobby yesterday.

On his part, Pua has roped in Kulai and Serdang MPs, Teo Nie Ching and Dr Ong Kian Ming, to help him fi nalise with Ho details of the debate.

Pua said he had also called on Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak to reoff er RTM or TV3 as platforms to a live televised debate on 1MDB. “Th e minister was quick and eager to off er the platform for the debate last October, before it was cancelled. Hence, I’m sure in the light that the matter is a sub-ject of public interest, he (Salleh) will make the same off er to host the event above.”

When approached later, Salleh said RTM had no interest to tele-vise the debate between Pua and Arul Kanda as the 1MDB issue had been resolved following the tabling of the Public Accounts Committee (PAC) report in Parliament in April.

“I don’t understand why there is a need to debate on the 1MDB issue, given that the PAC report has been tabled. If any party is interested, they can debate the matter in [a] Parlia-ment sitting,” Salleh told reporters.

“We (RTM) are not interested. To us, the issue of 1MDB has been re-solved with the report by [the] PAC and the auditor-general’s (AG) report on 1MDB. What [has] happened now is a business dispute between 1MDB and International Petroleum Invest-ment Co that needs to be resolved between themselves,” he said.

However, he said his ministry will not stop other TV stations from televising the debate live.

In a brief response to Salleh’s re-marks, Pua said: “Let’s see.”

In November last year, the debate between Pua and Arul Kanda, which was supposed to be telecast live by RTM, was cancelled after Dewan Rakyat Speaker Tan Sri Pandikar Amin Mulia set a condition that Pua can only debate Arul Kanda if he resigns from the PAC, as the committee’s probe into 1MDB was still pending.

Yesterday, Pua said he had issued the second challenge for Arul Kan-da to a debate on April 14, after the PAC report on 1MDB was tabled to Parliament on April 7, and that Arul Kanda had accepted the challenge the next day.

Meanwhile, Prime Minister Da-tuk Seri Najib Razak said 1MDB had submitted all the documents requested by the National Audit De-partment for its report on the fund.

Najib, who is also fi nance minister, said this in a written parliamentary reply to Pua, who had asked Putra-jaya to explain why 1MDB had failed to provide the bank statements of its overseas bank accounts and foreign subsidiaries, which he said the AG had been asking for since May last year.

KUALA LUMPUR: Police have yet to call former 1Malaysia Development Bhd (1MDB) chief executive offi cer Datuk Shahrol Azral Ibrahim Halmi to record his statement as part of their probe into the troubled state fund, Parliament was told yesterday.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said po-lice are investigating 1MDB under Section 409 of the Penal Code for criminal breach of trust.

“All the witnesses involved will be called by police if necessary to record their statements and for fur-ther investigations. Shahrol has not been called to record his statement as of yet,” he said.

Ahmad Zahid said this in a written reply to a parliamentary question by Raub member of parliament Datuk Mohd Ariff Sabri Abdul Aziz, who had asked if police have detained and in-

‘Police have yet to question Shahrol’

vestigated Shahrol, or are planning to do so, based on the Public Accounts Committee’s (PAC) fi ndings. Mohd Ariff also wanted to know if Shahrol was still working for the government’s Performance Management and De-livery Unit (Pemandu).

Ahmad Zahid, however, said he does not have the information as to whether the former 1MDB chief was still attached to Pemandu as the agency is under the Prime Minister’s Department.

Th e PAC, in its fi ndings released on April 7, said Shahrol should be held responsible for the weaknesses and constraints faced by 1MDB, and recommended that the authorities investigate him. The PAC said the 1MDB management under Shahrol had not complied with decisions and orders made by the board of direc-tors. — by Chen Shaua Fui

Right now the issue is … you know TRX, we have a joint venture

with Land Lease, they cannot move

because the project partners cannot get fi nancing because of

the 1MDB issue.

City Sdn Bhd, Air Itam land and Pu-lau Indah land to MoF Inc following recommendations made by the PAC.Th e PAC had said that the transfer of all 1MDB’s assets and subsidiaries to MoF Inc would allow for closer scrutiny of the state investor’s assets and companies.

1MDB’s board of directors — comprising chairman Tan Sri Lo-din Wok Kamaruddin, president Arul Kanda Kandasamy, former 1MDB chief executive offi cer Datuk Shahrol Azral Ibrahim Halmi, Tan Sri Ismee Ismail, Tan Sri Ong Gim Huat and Ashvin J Valiram — of-fered to resign on April 7. MoF Inc had also announced that the fund’s board of advisers, which is chaired by Prime Minister Datuk Seri Najib Razak, will be dissolved under the changes to the fund’s governance.

On April 25, 1MDB defaulted on an interest payment of US$50.3 million on the first issuance of a US$1.75 bond, which triggered a cross default on all its debt papers that are guaranteed by the govern-ment, including the RM5 billion sukuk due in 2039, and the RM2.4 billion Bandar Malaysia Sdn Bhd sukuk due between 2021 and 2024.

1MDB had also defaulted on an interest payment of US$52.4 million on the second issuance of a US$1.75 bond, due on May 11.

Both bonds are guaranteed by Abu Dhabi’s International Petrole-um Investment Co, which settled the two interest payments that 1MDB was supposed to have paid.

THE EDGE FILE PHOTO

4 H O M E B U S I N E S S WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) statement to the Public Accounts Committee (PAC) in relation to the 1Malaysia Devel-opment Bhd (1MDB) inquiry may be excluded from the PAC report on the grounds that such information was not for public dissemination or court use, said Minister in the Prime Minister’s Department Datuk Seri Azalina Othman.

She was replying to Bagan mem-ber of parliament Lim Guan Eng, who had asked Prime Minister Da-tuk Seri Najib Razak on Monday if the PAC chairman could exclude the central bank’s statement in the

PAC report that Malaysian author-ities had informed that Good Star Ltd (which had received US$700 million from 1MDB) was owned by an individual who did not have any links with the PetroSaudi Group.

Guan Eng also questioned Najib if Low Taek Jho controlled Good Star.

Azalina said BNM had stated that all information it provided was confi dential and for investigation alone, and not for court use or pub-lic dissemination.

“All PAC members have been informed of this matter through the PAC chairman’s letter to the BNM deputy governor on April 6,” she said in her reply on behalf of the prime minister.

Jimah’s debt charges, depreciation drag Edra to bigger lossTh e latter’s fi nance costs ballooned in FY15

BY K A M A R U L A N WA R

KUALA LUMPUR: Zelan Bhd is eye-ing RM4 billion worth of contracts this year, comprising local infrastruc-ture projects, as it winds down its overseas operations. Its managing director Adnan Mohammad said despite the current challenging econ-omy, Zelan is still participating in ten-ders for local infrastructure projects.

“But whether we secure them or not depends on the tender price[s].

“Up until April, we have submitted over 10 tenders, valued [at] more than RM4 billion. Some of the contracts being tendered out are for works for the new highways, and also in-frastructure projects for Petronas’ (Petroliam Nasional Bhd) Rapid (Re-fi nery and Petrochemical Integrat-ed Development) project,” he said, adding that the group’s order book currently stands at RM342 million.

Adnan said management is fo-cusing on its local operations, as the group aims to eventually wind down

Zelan eyes RM4b local infrastructure contracts in 2016

KUALA LUMPUR: Datuk Md Wira Dani Abdul Daim, son of former fi -nance minister Tun Daim Zainud-din, has upped his stake in Reli-ance Pacifi c Bhd to 265.8 million shares, representing a substantial 30.96% stake in the company.

Dani acquired a block of 160.3 million Reliance Pacifi c shares, representing a 18.7% stake, last Friday via an off-market trans-action, according to a fi ling with Bursa Malaysia yesterday.

It would seem that the 160.3 million shares were purchased from Reliance Pacifi c chief exec-utive offi cer Datin Irene Tan.

Tan had disposed of the 160.3

million shares that she held to-gether with her husband Datuk Gan Eng Kwong, through Reliance Holdings Sdn Bhd, at 22.5 sen a share, or RM36.07 million in total, last Friday.

Th e shares were disposed of at a 40% discount to Reliance Pacif-ic’s closing market price of 37.5 sen last Friday.

Following the disposal, Tan and Gan now hold 236.4 million shares, or a 27.54% stake, in Reliance Pa-cific, leaving Dani as its largest shareholder.

Dani had emerged as a sub-stantial shareholder of Reliance Pacifi c after acquiring a 7.8% stake on April 8, bringing his total share-holding to 12.29%.

KUALA LUMPUR: Top Glove Corp Bhd, the world’s largest rubber glove maker, has received the Se-curities Commission Malaysia’s (SC) approval to have a second-ary listing on the Mainboard of the Singapore Stock Exchange (SGX).

In a fi ling with Bursa Malaysia yesterday, Top Glove said the reg-ulator had, via its letter yesterday, approved the proposed secondary

listing, subject to the secondary listing of its entire issued share cap-ital on the SGX being fully fungible (exchangeable).

On March 14, Top Glove an-nounced to undertake the sec-ondary listing of its existing shares, which are listed on the Main Market of Bursa Malaysia, to increase the trading liquidity of its shares and to tap a new platform for potential fu-ture fundraising, as well as merger and acquisition exercises.

KUALA LUMPUR: Track and trace solutions provider SMTrack Bhd has entered into a strategic agree-ment with Cherish Words Sdn Bhd and China’s Anhui Construction Engineering (M) Sdn Bhd to joint-ly bid for construction projects in Southeast Asia (SEA).

In a fi ling with Bursa Malaysia yesterday, SMTrack said the joint venture’s business and aff airs shall be limited strictly to construction projects.

“Cherish Words shall be respon-sible for tendering and securing projects in Southeast Asia, and shall appoint SMTrack as its main con-tractor, who shall in turn use Anhui as its main subcontractor,” it added.

SMTrack said the agreement will enable its presence to be fi rmly established and expanded in the region. It had announced in March that it was tying up with Cherish Words to take on subcontracting works to build 300 houses for the Federal Land Development Au-thority in Negeri Sembilan.

BY A H M A D N A Q I B I D R I S

Dani now Reliance Pacifi c’s largest shareholder with 30.96% stake

Top Glove gets SC nod for SGX listing

SMTrack in JV to bid for SEA jobs

MOST VIEWED STORIES ONtheedgemarkets.com

BY S U P R I YA S U R E N D R A N


BY S U R I N M U R U G I A H


its foreign operations.“We have legacy contracts in In-

dia and Indonesia. Th ere are some residual issues to be fi nalised for the companies there, before we can close down operations in the two countries.

“Th ere are large issues to be dealt with in relation to the Abu Dhabi pro-ject, arising from non-payment and interference by the client. Th is may only be sorted out within the next

KUALA LUMPUR: Edra Global Ener-gy Bhd’s purchase of a 75% stake in Jimah Energy Ventures Sdn Bhd in January 2014 was the main cause of the power producer’s net loss mul-tiplied by 7.88 times to RM475.07 million in the fi nancial year ended March 31, 2015 (FY15) from the pre-vious year, as its interests paid rose by 37.4% to RM1.07 billion and its plant’s depreciation charge went up by 56.2% to RM460.33 million.

Edra, a former wholly-owned subsidiary of 1Malaysia Develop-ment Bhd (1MDB) that was sold to China General Nuclear Power Corp last November, also incurred RM250 million in impairment loss-es on goodwill, its FY15 fi nancial statement showed.

Although Edra’s fi nance costs ballooned in FY15, total borrow-ings recognised in its books fell by RM3.89 billion or 25.28% to RM11.49 billion. Th is was mainly due to 1MDB advancing to Edra the RM2 billion payment of Powertek Investment Holdings Sdn Bhd’s syndicated bridging loan.

Hence, the amount that Edra was due to pay to its ultimate holding company 1MDB rose to RM2.85 bil-lion as at March 31, 2015, up from

RM690.08 million the year prior.Th e RM2 billion payment, which

was in the news last year because of Powertek’s trouble in reimbursing the syndicate of banks it borrowed from, was the second tranche of a RM6.17 billion syndicated bridg-ing loan taken in 2012 that was refi nanced via a term loan facility.

Powertek paid RM670 million of the syndicated bridging loan in FY15, while the remaining RM3.5 billion tranche was broken down into 20 semi-annual instalments of RM175 million each.

In April this year, 1MDB an-nounced that all the RM3.5 billion amount was paid off as part of its rationalisation plan. Th e RM2 billion loan was settled a few weeks later with T Ananda Krishnan’s Tanjong plc, which subscribed to a RM2 bil-lion share option agreement, where the latter could either convert the 214.29 million Edra warrants it re-ceived, or redeem them for cash.

Edra’s fi nance costs spiked in FY15 because of interest charges on Jimah’s Istisna medium-term notes and junior Islamic debt. Edra bought Jimah in January 2014, so the interests had multiplied year-on-year since the amount paid in FY14 took into account only three months’ worth of payments.

In FY15, fi nance cost of the Is-tisma medium-term notes came to RM209.29 million, nearly threefold the RM72.44 million Edra paid a year earlier. Th e debt paper had a principal value of RM3.55 billion, and carried profi t rates between 7.7% and 9.85% a year, which were repayable over 18 months to 16.5 years from the drawdown date.

The junior Islamic debt’s fi-nance cost, meanwhile, jumped to RM242.56 million from RM58.58 million in the previous year.

In total, Edra paid RM2.69 bil-lion for fi nancing activities,155.62% higher than FY14’s RM1.05 billion, but it could have been more had 1MDB not advanced more than RM2 billion for the syndicated loan.

Consequently, its cash pile shrank by 22.03% to RM2.52 bil-lion in one year; its bank deposits were lessened by nearly RM900 million to RM1.97 billion.

Edra’s non-current asset value went down by 5.55% to RM18.22 billion. Its property, plant and equipment fell by nearly RM300 million to RM5.61 billion, as its plant and machinery’s deprecia-tion charge was RM460.33 million in FY15. Th is compared with the segment’s RM294.65 million de-preciation charge in FY14.

one to two years,” he said.Th e group is looking to grow its

asset facility management business, consisting of a maintenance contract for International Islamic University Malaysia, which provides some re-current income.

“We set up a special purpose ve-hicle, and we are slowly building our portfolio. Th e contributions are not that signifi cant, but we would like to grow the business,” said Adnan.

He also said Zelan’s current focus is to reorganise its operations before considering any big venture.

For the fourth quarter ended Dec 31, 2015 (4QFY15), Zelan posted a net loss of RM18.53 million, against a net profi t of RM12.57 million in the previous year, despite revenue ris-ing 29% to RM111.97 million from RM86.86 million.

For FY15, net profi t fell to RM30.49 million from RM38.48 million a year earlier, while revenue almost doubled to RM412.97 million from RM210.97 million.

THE EDGE FILE PHOTO

Bank Negara statement to PAC can be excluded from report, says Azalina

Adnan says Zelan aims to eventually wind down its foreign operations.


(From left) Ballymore Group UK managing director John Mulryan, Liew, Najib and Commonwealth Enterprise and Investment Council chairman Lord Jonathan Marland at the Embassy Gardens Phase 2 topping-out ceremony in London on Monday.

Prime Minister Datuk Seri Najib Razak on Monday officiated at EcoWorld Bally-more Holding Co Ltd’s topping-out cere-mony for its £957 million (RM5.58 billion) Embassy Gardens Phase 2 property pro-ject in London.

In a statement, EcoWorld Ballymore said Embassy Gardens Phase 2 at Nine Elms comprises residential and commer-cial portions within a 2.3ha tract.

EcoWorld Ballymore chairman Tan Sri Liew Kee Sin, who was also at the event, said: “Since the formation of this joint venture company in January 2015, we have successfully launched three projects in London, which are London City Island, Embassy Gardens and Wardian London.”

Liew said Embassy Gardens Phase 2 recorded £120.8 million worth of sales as at Jan 31 this year, following the project’s launch in September last year.

He said construction work for Embassy Gardens Phase 2 started in January 2016, and is expected to be completed in the first half of 2019.

UMW Oil & Gas cuts 300 jobsIn an eff ort to improve its effi ciency amid challenging environment faced by the industry

BY A H M A D N A Q I B I D R I S

BY P C L E E & C H O N G J I N H U N

KUALA LUMPUR: UMW Oil & Gas Corp Bhd (UMWOG) has cut 300 jobs as part of its cost rationalisation strategy and will be laying off more workers going forward, in an eff ort to improve its effi ciency amid the current challenges faced by the oil and gas (O&G) industry.

Th e group’s workforce stands at 736 em-ployees, after letting go of 300 contract work-ers, said UMWOG president Rohaizad Darus, adding that the group is looking to further shrink its workforce.

“We are going to try to reduce our work-force by a little bit more, but the focus will be more on the contractors as we do not want to touch the permanent staff as much as possible.

“So those working under contract, when the contracts expire, we don’t renew them,” he said, adding that contractors usually make up 30% of its workforce.

Speaking at a press conference following the group’s annual general meeting yester-day, Rohaizad also said that the remuner-

SINGAPORE/KUALA LUMPUR: Singa-pore-listed GuocoLand Ltd is said to be in talks to buy a stake in the overseas unit of a Malaysian developer that is expected to go public later this year, according to a Dow Jones report.

GuocoLand, controlled by Malaysia’s third-richest man Tan Sri Quek Leng Chan, plans to buy up to a 30% stake in Eco World International Bhd ahead of its US$500 mil-lion (RM2.01 billion) initial public offering (IPO), people familiar with the deal said.

Eco World International is the overseas real-estate unit of Bursa Malaysia-listed Eco World Development Group Bhd.

“An investment from GuocoLand, which has a market capitalisation of more than US$1.5 billion, would improve the pros-pects of Eco World’s IPO because Guo-coLand is one of Southeast Asia’s major property developers with operations from China to Vietnam,” said Dow Jones.

Eco World Intrnational’s IPO is planned for early August and would be the largest fundraising in Malaysia in more than a year if successful.

ation for senior management was reduced by 40% last year.

He said UMWOG is making a conscious effort to exclude management-level and lower-level employees from the staff ra-tionalisation exercise, amid the rising cost of living in Malaysia.

It is worth noting that other O&G players have also announced staff rationalisation measures amid the challenging environ-ment, such as Shell Malaysia, which last year announced its plan to lay off 1,300 jobs over a two-year period.

Petroliam Nasional Bhd (Petronas) has also announced a cut of up to 1,000 jobs, after the national oil company reported a 53% drop in pre-tax profi t to RM36 billion for 2015.

Besides cutting down on its manpower, Rohaizad said UMWOG has also employed other measures to boost effi ciency and lower costs, via renegotiation with its vendors, re-ducing inventory and lowering capital costs.

Th ese eff orts resulted in an RM18 million reduction in costs in the fi rst fi nancial quarter ended March 31, 2016 (1QFY16), he noted.

Meanwhile, the group is tendering for 22 contracts worth US$628 million (RM2.52 bil-lion) this year, comprising domestic and inter-national contracts in Asia and the Middle East.

Rohaizad said 48% of its tender book com-prises domestic jobs, and the balance 52% overseas contracts. He revealed that two of the international contracts it is tendering for are located in the Middle East, while three are in Vietnam.

“While the fourth quarter of last year was very bad, [in 1QFY16] we saw more ten-dering process coming up from the region. Currently, we are bidding for 22 tenders. We hope that some will materialise and improve our position.

“In Vietnam, we are tendering for three contracts, and two more in the Middle East. We believe there will be more tenders coming out of the Middle East, and we have already registered with Abu Dhabi National Oil Co. Th ere will be more rig demand in Abu Dha-bi, Saudi Arabia and Kuwait,” Rohaizad said.

He added that UMWOG is in the process of registering companies in Kuwait and

Saudi Arabia, pending the approval of the relevant authorities.

Asked if the group would return to prof-itability by the end of this fi nancial year, Rohaizad said it is still too early to tell amid the headwinds faced by the industry, as oil prices remain low.

“It’s very diffi cult to specify when we will return to the black. I do believe that it is a challenging year, unless the oil price makes a recovery. Looking at the current situation, it’s about US$49 per barrel, and the most it can go is maybe about US$60 per barrel. At that level, it is challenging to return to profi tability.

“If we get fi ve more contracts, we’ll be in the black. But whether we get them or not is a diff erent story. If we don’t, then it will be challenging,” he said.

For FY15, UMWOG slipped into the red with a net loss of RM369.28 million, compared to its net profi t of RM252 million in the preceding year, on the back of a 17% decline in revenue to RM838.88 million from RM1.01 billion.

Th e group said it will be releasing its fi -nancial results for 1QFY16 on May 23.

‘GuocoLand eyeing up to 30% stake in Eco World International’

See related story on Page 12

6 H O M E B U S I N E S S WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

BY C H E S T E R TAY

BY B I L LY TO H

BY M E E N A L A K S H A N A

BY B I L LY TO H

BY Y I M I E YO N G

R E S U LT S I N BR I E FCarlsberg mulls price increase in 2016In response to a hike in excise duties

KUALA LUMPUR: Danish brewer Carlsberg Brewery Malaysia Bhd is likely to follow rival Heineken Malaysia Bhd (formerly Guinness Anchor Bhd) and raise prices of its products this year in response to a hike in excise duties on March 1.

Carlsberg Malaysia managing director Henrik Juel Andersen said however, the increase in prices is still being evaluated.

“We are still evaluating the move. In the last tax increase just two months ago, we did not pass on the tax entirely to consumers. [But] we have to balance between income and cost,” he told a media briefi ng to announce the group's fi nancial results for the fi rst quarter ended March 31, 2016 (1QFY16) yesterday.

“We have to deliver to our share-holders. At the same time, we have to make sure our beers are being chosen in the market. So I cannot give a defi nite yes or no [to raising

prices] now. I would say that it is not unlikely that we would have to adjust our prices during the year,” he added.

On March 1, the Malaysian government revised the excise tax structure, which saw levy on beer increased to RM175 per litre of al-cohol content from RM7.40; while abolishing the existing 15% ad va-lorem tax.

Subsequent to the “aggressive” excise tax increase, Andersen said Carlsberg Malaysia increased pric-es of certain products by 3% to 5%.

Nevertheless, Andersen said the group remains optimistic that there are plenty of opportunities lying in the Malaysian and Singapore mar-kets.

“Some of the categories within our product range such as cider is actually growing. It is gaining trac-tion among consumers. Th ere are still many pockets in the market that we see potential growth in,” he added.

In Malaysia, Andersen noted that Carlsberg will grow its premium brands further, saying that this range of products is more resilient against adverse macroeconomic challenges.

Currently, premium brands con-tribute approximately 20% to the group’s revenue.

“We will continue to invest in our brands. We expect to spend more than we did last year into our brand,” he said, but did not provide any guidance.

Carlsberg Malaysia saw its net profi t rise 33.3% to RM62.94 mil-lion or 20.59 sen a share in 1QFY16 from RM47.23 million or 15.45 sen a share a year ago, mainly driven by higher volume and value contribu-tions from both the Malaysian and Singapore operations. Revenue also grew 6.1% to RM455.72 million from RM429.45 million.

Carlsberg shares closed 10 sen or 0.77% lower at RM12.84 yester-day, with a market capitalisation of RM3.9 billion.

Icon sees better prospects as oil price improves

KUALA LUMPUR: Th ings are looking up for off shore service vessel player Icon Off shore Bhd with the recovery in oil prices, said managing director Amir Hamzah Azizan.

“We think as we move forward there is light at the end of the tunnel. As the oil price stabilises, there will be a few more activities coming in the market which will help us,” said Amir.

“When we walk to the beginning of this year we saw an oil price below US$30, and of late we see [that the] Brent is at least above US$48. Th e supply and demand has begun to change,” he told reporters after the annual general meeting yesterday.

Amir, however, said there would be a lag between the recovery in oil price and the release of activities by oil majors.

Meanwhile, Amir said the initi-atives taken by the company to re-structure its capital and operating cost, and driving fleet utilisation through competitive bidding has already shown positive signs.

He said Icon aimed at maintaining its 60% utilisation rate for its vessels and will be aggressively tendering for new projects, especially in Brunei.

As at March 31, Icon had an order book of RM640.1 million.

Amir said the current down cycle offers opportunities to ex-plore transformational activities, including mergers and acqui-sitions, joint ventures, regional

expansion and diversification. Th e company is studying the op-

portunities but nothing is in the pipe-line as yet, he said.

Icon, he said, will carefully con-sider such proposals, including calls for consolidation, taking into con-sideration the size and strength of its balance sheet.

Amir said there will be deferral of RM90 million in capital expenditure (capex) through the deferral of four vessels delivery.

“The capex we have to spend [this year] was about RM90 mil-lion. We pushed that one back … By deferring it, I can time the arrival better to fi t the market condition,” he pointed out.

On whether Icon will see more impairment for the current fi nan-cial year, Amir said the board has yet to make any decision. But with the

recovery in the oil prices, he hopes there will not be any impairment.

For the fi nancial year ended Dec 31, 2015 (FY15), Icon posted a net loss of RM364.09 million, against a net profi t of RM59.35 million in FY14, which Amir said was due to impairment of goodwill and impair-ment of assets.

Impairment of goodwill amount-ed to RM180.6 million and the im-pairment of property, plant and equipment such as vessels amounted to RM195.4 million.

Shares in Icon Off shore closed unchanged yesterday at 37.5 sen, with 1.13 million shares done, with a market capitalisation of RM441.44 million. Th e counter has been on a downward trend since its listing in June 2014, and now down to about 20% of its initial public off ering price of RM1.85.

(From left) Amir, Icon Off shore chairman Raja Tan Sri Arshad Raja Tun Uda, non-executive director Syed Yasir Arafat Syed Abd Kadir and chief fi nancial offi cer Zaleha Abdul Hamid at the company’s annual general meeting yesterday. Photo by Patrick Goh

APM Automotive’s 1Q net profi t falls 47.6% on lower revenue, higher cost

KUALA LUMPUR: APM Auto-motive Holdings Bhd’s net profi t dropped 47.6% to RM9.34 million or 4.78 sen a share for the fi rst quar-ter ended March 31, 2016 (1QFY16) from RM17.83 million or 9.11 sen a share a year ago, due to lower reve-nue and higher imported raw ma-terial costs from a strong US dollar.

Revenue for 1QFY16 also fell 13.2% to RM276.14 million from RM318.26 million in 1QFY15, largely due to lower off take from original equipment manufactur-ers (OEMs) as a result of softer vehicle sales.

According to the Malaysian Automotive Association, total in-dustry volume in the country for 1QFY16 fell 22% to 131,267 units from 168,306 units a year ago. Total

Boustead Plantations’ 1Q net profi t surges more than fi ve times

KUALA LUMPUR: Boustead Plan-tations Bhd saw its net profi t surge more than fi ve times to RM42.59 million or 2.66 sen a share in the fi rst quarter ended March 31, 2016 (1QFY16) from RM7.35 million or 0.46 sen a share a year ago, primarily due to gains realised on disposal of land amounting to RM34.6 million.

Revenue rose 3.9% to RM136.98 million in 1QFY16 from RM131.89 million in 1QFY15.

Th e group declared a fi rst inter-im dividend of three sen per share for the fi nancial year ending Dec 31, 2016 (FY16), payable on June 28.

In statement yesterday, Boust-ead Plantations said the average crude palm oil (CPO) selling price for 1QFY16 was RM2,267 per tonne, up 1.4% from RM2,236 per tonne a year ago, while aver-age palm kernel price increased 15% to RM1,907 per tonne.

production volume also dropped 21% to 129,591 units from 163,697 units in 1QFY15.

In a fi ling with Bursa Malaysia yesterday, APM Automotive said the outlook for 2016 is likely to remain challenging for the auto-motive sector.

“In a down cycle, operating margins are squeezed on the back of lower volumes and higher costs.

“Despite the pressure on prof-itability, the group will stay focus in reaching out to new customers overseas, supply chain optimisa-tion, productivity enhancement and development of new prod-ucts” it added.

APM Automotive's share price was untraded yesterday. It last closed at RM3.82 last Friday, with a market capitalisation of RM746.95 million.

However, fresh fruit bunch production dropped to 185,205 tonnes, largely due to the hot and dry weather conditions resulting from the El Nino phenomenon. Average oil extraction rate was at 21.5%, a slight reduction from 1QFY15, while kernel extraction rate was marginally lower at 4.5%.

Going forward, Boustead Plan-tations vice-chairman Tan Sri Lodin Wok Kamaruddin said crop pro-duction for the group is expected to be impacted by tough conditions.

“This includes the extreme weather experienced during the fi rst quarter, as well as the ongoing challenges with respect to native claims in Sarawak.

“CPO prices could also be moderated by low mineral crude oil prices which could curtail the use of CPO for biodiesel. Oth-er mitigating factors include the windfall levy on CPO prices above the threshold price, and CPO ex-port taxes,” he added.

Malaysia Pacifi c Corp narrows net loss to RM3.02m in 3Q

KUALA LUMPUR: Malaysia Pacif-ic Corp Bhd (MPCorp) narrowed its net loss to RM3.02 million or 1.05 sen per share for its third fi -nancial quarter ended March 31, 2016 (3QFY16) from RM5.17 mil-lion or 1.8 sen per share a year ago, on lower provision of revolving credit interest.

Revenue fell 13.7% to RM2.87 million from RM3.33 million in 3QFY15 due to lower occupancy rate and further delay in property sales in Iskandar Malaysia, Johor, compared to the preceding year’s corresponding quarter.

For the nine-month period (9MFY16), however, MPCorp’s net loss widened to RM11.91 million or 4.14 sen per share from RM5.73 million or 1.99 sen per share a year ago, mainly due to lower revenue

and provision for legal compensa-tion in the current fi nancial period.

Revenue for 9MFY16 fell 29.8% to RM7.26 million from RM10.34 million in 9MFY15.

In a fi ling with Bursa Malaysia yesterday, MPCorp said its invest-ment property segment is expected to contribute to the group’s results for the full fi nancial year ending June 30, 2016 (FY16).

“Th e group’s prospects for FY16 will remain challenging,” it added.

In a separate fi ling, MPCorp said its chairman Datuk Muralee Y S Menon had resigned from his position, citing personal commit-ments as the reason. Muralee has been the chairman since Nov 9 last year.

MPCorp shares closed un-changed at 20.5 sen yesterday, with a market capitalisation of RM58.97 million.


Malayan Flour Mills remains cautiousDespite impressive performance in 1Q

BY C H E S T E R TAY

BY K A M A R U L A N WA R

KUALA LUMPUR: Th e government has begun studying businesses in the sharing economy, as it realises that there is potentially a substan-tial amount of income that could be taxed from these businesses, á la ride-sharing service Uber, said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, with hopes that it could begin taxing digital-based businesses next year.

“We are already asking and talking to [the] Inland Revenue Board (IRB) to do a thorough evaluation to look into taxing these people, who are also earning taxable income.

“[And] we are interested in those who are doing businesses online, [who] should be registered with the Companies Commission [of] Malay-sia (SSM), so we can track how much they are earning,” he told reporters yesterday, adding that the IRB had formed an online commerce division to look into this matter with SSM.

Mohd Irwan said there are cur-rently no estimates of the potential amount of revenue lost. But using the Land Public Transport Commission’s fi ndings of part-time Uber drivers earning around RM7,000 a month, he said that is already far above the current taxable personal income

Govt looking at taxing sharing-economy biz

threshold of around RM3,000.According to a news report in Jan-

uary, 60,000 people had been acti-vated as Uber drivers. Th e ride-shar-ing service was looking to have the number increase to 100,000 this year.

Meanwhile, Mohd Irwan revealed that the fi nance ministry is working on the State-Owned Enterprises and Government-Linked Companies Act to champion government-linked companies’ reforms, to improve the governance of these corporations and to ensure compliance with its international commitments, as Ma-laysia is gearing up to joining the Trans-Pacifi c Partnership.

He said prices are still volatile and for most parts of early 2016, oil was trading within the assumed prices.

Bloomberg data showed the spot Brent crude price averaged at US$38.26 per barrel this year, up to Monday. It rose 0.84% to US$49.38 at the time of writing yesterday.

World Bank country manager for Malaysia Faris Hadad-Zervos said Malaysia’s growth story will contin-ue to be sustainable as it targets to reach high-income status by 2020.

World Bank has revised down Malaysia’s growth estimate this year to 4.4% from 4.5%, which Faris said is still robust, driven by domestic consumption.

BY B I L LY TO H

KUALA LUMPUR: Zenith Media was recognised as this year’s Me-dia Agency of the Year at the Mag-azines’ Agency of the Year Awards recently.

It also walked away with the Mo-bile Marketing Agency of the Year award. Zenith won MARKies awards for its campaigns for Malayan Banking Bhd (Maybank), Petroliam Nasional Bhd (Petronas) and SCA. Zenith’s Maybank campaign won the Best Idea category for direct marketing, while the Best Use of Radio category was awarded for its work for Petronas.

Zenith also bagged the gold award in the Best Idea — Loyalty & CRM (Customer Relationship Manage-ment) category for its work for SCA.

These latest wins follow the agency’s nine-trophy sweep at the Marketing Excellence Awards in October last year.

“Zenith’s wins are a refl ection of the agency’s success in providing innovative solutions against the backdrop of an increasingly dig-ital landscape,” said Zenith chief executive offi cer Gerald Miranda in a statement yesterday.

“More than 60% of Malaysia’s pop-ulation is under 30 years of age, and this demographic dividend translates into a population that’s articulate and connected, making Malaysians among the most connected consum-ers in the world,” he said.

“Today, according to estimates, the top 50 brands are spending at least 20% of their advertising budg-ets online. Th ree years ago, the fi gure

N E W S I N B R I E F Zenith Media named Magazines’ Media Agency of the Year

LONDON: Prime Minister Datuk Seri Najib Razak said a memo-randum of understanding (MoU) to facilitate the high speed rail (HSR) project is expected to be signed in July by Malaysia and Singapore.

He said the project had aroused excitement worldwide as it would cut travelling time from Singa-pore to Kuala Lumpur to about 90 minutes.

“We expect to sign the MoU

with Singapore in July. Th at’s the target,” he said at Bursa Malaysia’s private breakfast session with fund managers at Marlborough House on Monday.

Najib was referring to the many infrastructure projects ear-marked for implementation by the private sector, including the Pan Borneo Highway, in a move to boost the economy.

Meanwhile, the proposed 350km HSR line will begin in Ban-

dar Malaysia and end at Jurong East in Singapore, reducing the current rail journey of eight hours.

The prime minister previously disclosed at the Invest Malaysia Kuala Lumpur conference, held in April, that the MoU was ex-pected to be signed in the mid-dle of this year.

It was reported that construc-tion work on the HSR was sched-uled to begin in 2017, and be com-pleted by 2022. — Bernama

KUALA LUMPUR: Self check-in for all AirAsia Bhd and AirAsia X Bhd guests, travelling through klia2, will be fully implemented from today.

As such, counter check-in at klia2 will no longer be available.

Th e process is part of the air-line’s eff orts to create a smoother and seamless travel experience

for all guests, said AirAsia in a statement yesterday.

It said self-check-in can be con-ducted through various options, such as web check-in, mobile check-in and kiosk check-in at the airport, before proceeding to baggage drop counters for guests who have check-in baggage.

For AirAsia flights, web and

mobile check-ins are available 14 days to one hour before scheduled time of departure.

Meanwhile, guests on AirAsia X fl ights can check in via web or mobile 14 days to four hours before their scheduled time of departure.

More updates and information are available on AirAsia’s Face-book and Twitter. — Bernama

KUALA LUMPUR: Malaysia, the world's second-largest palm oil producer after Indonesia, will raise its crude palm oil (CPO) export tax to 5.5% in June, from 5% in May, a circular on the Ma-

laysian Palm Oil Board website showed yesterday.

Malaysia calculated a reference price of RM2,625.18 per tonne for June. A price above RM2,250 in-curs a tax, which starts from 4.5%

and can reach a maximum of 8.5%.Malaysia last raised its tax on

CPO exports to 5% in March for April supply, ending a duty-free policy held since May 2015. — Reuters

Najib: July target for HSR MoU signing

AirAsia implements full self check-in

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM), whose net profi t in the last two years has been dragged down by its loss-making Indonesian associate, said PT Bungasari Flour Mills Indonesia had turned itself around in the fi rst quarter ended March 31, 2016 (1QFY16).

MFM managing director Teh Wee Chye said its 30%-owned associate posted its first quarterly profit in 1QFY16, since it began operations in August 2014, thanks to a relatively stable foreign-exchange rate.

MFM’s net profi t more than tri-pled to RM17.63 million or 3.2 sen a share for 1QFY16, from RM5.4 million or one sen a share a year ago, mainly attributable to high-er sales recorded in its fl our and trading in grains segment. Reve-nue rose 20% to RM666.84 million from RM556.06 million.

Despite the favourable quarterly

performance, Teh, however, remains conservative about the full-year out-look, saying prospects for FY16 re-main to be seen.

Teh said it is still preliminary to provide any guidance.

“We still need to monitor it (per-formance) for a few more quarters, before we can have any indication,” he told a media briefi ng after the company’s annual general meet-ing yesterday.

In FY15, MFM saw its net profi t decline by almost 70% to RM20.55 million, partly dragged by losses on Bungasari and a lower margin of the group’s poultry business.

Teh said the group’s business success will depend on several fac-tors beyond management’s control, such as wheat prices and the US dollar exchange rate.

“Th e [fl our sales] volume is good; it is the margin that we cannot con-trol. On top of that, poultry prices also fl uctuate. We cannot predict

what will be the price of live birds tomorrow, but we do hedge to mit-igate our risk,” he added.

Teh also said MFM hopes that the government would remove the subsidy for 1kg-bags of wheat fl our, so as to promote a free market in fl our trading.

“We look forward to the remov-al as the subsidy currently distorts trade. But we don’t have a say in it as it all depends on the govern-ment,” he added.

On March 1, the domestic trade, cooperatives and con-sumerism ministry announced that the subsidy for 25kg-bags of wheat flour had been removed, while maintaining the RM1.35 subsidised price for 1kg-bags pur-chased by households.

Year to date, MFM’s share price has declined by about 6%. MFM shares closed unchanged at RM1.21 yesterday, giving it a market capital-isation of RM671.29 million.

Malaysia raises June CPO export duty to 5.5%

Miranda: Zenith’s wins are a refl ection of the agency’s success in providing innovative solutions.

was below 5%. Native ads, online video and mobile advertising form some of the new growth areas within this space,” he added.

According to Miranda, many mul-tinational brands and other main-stream brands are now deploying native ads in Malaysia to connect with users in editorial environments.

“Mobile advertising is growing steadily and with over 60% of the country glued to their smartphones, the market for products and services is becoming more on-demand. Today, Malaysia’s popular pizza chains fi nd more than 40% of their web delivery orders originate from mobile and al-most 50% of all online video views oc-cur on mobile devices,” Miranda said.

On trends to watch for 2016, Miranda predicted that more spe-cifi c targeting via interests and hab-its, location-based advertising and e-commerce linkages would be the way forward.

8 ST O C KS W I T H M O M E N T U M WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

THREE-A RESOURCES BHD (+ve) THREE-A RESOURCES BHD

(ALL FIGURES IN MYR MIL)

FY13

31/12/2013

FY14

31/12/2014

FY15

31/12/2015

FY2016Q1

31/3/2016

Financials

Turnover 302.9 311.4 352.4 107.6EBITDA 30.3 40.8 45.8 12.4Interest expense 2.8 1.6 1.0 0.3Pre-tax profit 16.1 26.3 30.4 9.3Net profit - owners of company 10.3 18.2 20.1 6.7Fixed assets - PPE 140.7 136.1 142.0 147.5Total assets 252.0 255.8 270.3 273.8Shareholders' fund 219.0 231.8 248.2 253.7Gross borrowings 42.7 12.5 35.6 22.2Net debt/(cash) 26.0 (4.6) 22.8 17.6

THREE-A RESOURCES BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.402.10

20.470.721.881.16

476.26393.60

1.070.89-1.22

*Valuation score - Composite measure of historical return & valuation

**Fundamental score - Composite measure of balance sheet strength

& profitability

Note: A score of 3.0 is the best to have and 0.0 is the worst to have

THREE-A RESOURCES BHD

RATIOS

FY13

31/12/2013

FY14

31/12/2014

FY15

31/12/2015

ROLLING 12-MTH

DPS ($) 0.01 0.01 0.01 0.01Net asset per share ($) 0.56 0.59 0.63 0.64ROE (%) 4.78 8.08 8.37 9.68Turnover growth (%) (1.15) 2.81 13.16 24.57Net profit growth (%) (36.27) 76.56 10.26 28.31Net margin (%) 3.41 5.85 5.70 6.04ROA (%) 4.15 7.17 7.63 8.77Current ratio (x) 3.50 5.88 3.35 4.39Gearing (%) 11.86 - 9.19 6.92Interest cover (x) 10.85 25.49 47.77 44.33

TRIPLC BHD (-ve) TRIPLC BHD


FY13

31/5/2013

FY14

31/5/2014

FY15

31/5/2015

FY2016Q3

29/2/2016

Financials

Turnover 168.8 108.4 16.7 3.4EBITDA 40.5 25.9 1.0 0.5Interest expense 17.3 17.8 20.1 5.5Pre-tax profit 47.8 36.2 15.0 3.1Net profit - owners of company 34.2 23.4 7.1 2.1Fixed assets - PPE 14.0 13.7 13.3 12.5Total assets 401.2 435.8 481.0 490.7Shareholders' fund 108.7 134.1 143.5 154.4Gross borrowings 273.5 276.7 307.8 302.0Net debt/(cash) 152.6 233.1 230.1 236.3

TRIPLC BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.500.80

12.55(0.42)

0.68-

104.8366.35

0.520.85-1.60



& profitability


TRIPLC BHD

RATIOS

FY13

31/5/2013

FY14

31/5/2014

FY15

31/5/2015

ROLLING 12-MTH

DPS ($) - - - -Net asset per share ($) 1.70 2.09 2.21 2.33ROE (%) 37.32 19.26 5.14 5.80Turnover growth (%) 91.73 (35.77) (84.63) (61.17)Net profit growth (%) 148.16 (31.60) (69.50) (30.01)Net margin (%) 20.25 21.57 42.81 44.43ROA (%) 9.45 5.59 1.56 1.80Current ratio (x) 1.99 1.20 1.74 2.13Gearing (%) 140.46 173.81 160.30 153.01Interest cover (x) 2.34 1.46 0.05 0.20

BRITE-TECH BHD (-ve) BRITE-TECH BHD


FY13

31/12/2013

FY14

31/12/2014

FY15

31/12/2015

FY2015Q4

31/12/2015

Financials

Turnover 24.6 23.8 27.1 6.8EBITDA 5.3 6.7 5.5 1.3Interest expense 0.0 0.0 0.1 0.0Pre-tax profit 4.6 6.1 6.0 2.0Net profit - owners of company 3.4 5.1 4.7 1.8Fixed assets - PPE 22.3 21.3 21.2 21.2Total assets 45.7 49.2 57.3 57.3Shareholders' fund 42.4 46.2 53.2 53.2Gross borrowings 0.9 1.1 1.4 1.4Net debt/(cash) (12.3) (16.5) (8.0) (8.0)

BRITE-TECH BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.402.70

13.94(1.60)

1.234.85

65.52252.00

1.060.21-0.34



& profitability


BRITE-TECH BHD

RATIOS

FY13

31/12/2013

FY14

31/12/2014

FY15

31/12/2015

ROLLING 12-MTH

DPS ($) 0.01 0.01 0.01 0.01Net asset per share ($) 0.17 0.18 0.21 0.21ROE (%) 8.05 11.62 9.50 10.11Turnover growth (%) 12.83 (3.08) 13.71 13.72Net profit growth (%) 37.30 53.66 (8.35) (8.70)Net margin (%) 13.64 21.63 17.44 17.37ROA (%) 7.50 10.86 8.86 9.44Current ratio (x) 5.51 7.89 5.19 5.19Gearing (%) - - - -Interest cover (x) 114.23 137.13 84.96 86.51

www.theedgemarkets.com

Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and fi rst appeared at www.theedgemarkets.com. Please exercise your own judgement or seek professional advice for your specifi c investment needs. We are not responsible for your investment decisions.

Our shareholders, directors and employees may have positions in any of the stocks mentioned.

BRITETECH Bhd (fundamental: 2.7/3, val-uation: 1.4/3) triggered our momentum algorithm for the first time yesterday as the stock surged by 11.54% to its six-month high of 29 sen with 507,700 shares traded. Th is was despite the lack of new announce-ment on Bursa.

Its fourth fi nancial quarter ended Dec 31, 2015 (4QFY15) net profi t jumped by 75.2% to RM1.79 million from RM1.02 million in the corresponding quarter a year ago, mainly due to the gain on fair value adjustment of

investment properties of RM920,000. Revenue for the quarter increased by 9.35% to RM6.83 million from RM6.24 million in 4QFY14.

Brite-Tech is an integrated water purifi ca-tion and wastewater treatment solutions pro-vider. Amongst the services it provides include analytical testing and environmental mon-itoring for air, noise, water and wastewater.

The group is trading at a trailing price-earnings ratio of 15.55 times and is 1.37 times its book value with a market cap-italisation of RM73.08 million.

THREEA Resources Bhd (3A) (fundamen-tal: 2.1/3, valuation: 1.4/3) triggered our momentum algorithm yesterday as the stock increased 3.31% to its 10-month high of RM1.25 at the back of heavy trading with 3.8 million shares changing hands. In com-parison, its 200-day average volume was only about 526,648.5.

3A was featured in “Stocks with Mo-mentum” last December when it was just trading at RM1.08. Th e stock has moved up 15.74% since then.

In its fi rst fi nancial quarter ended March 31, 2016 results (1QFY16), 3A’s net profi t was 90.4% higher at RM6.69 million, from RM3.52 million, mainly as a result of higher turnover and lower share of losses from a jointly controlled entity, for current quar-ter. Th e group’s revenue for 1QFY16 also jumped by 44.2% to RM107.6 million, from RM74.59 million in 1QFY15.

Currently, 3A is trading at a trailing price-earnings ratio of 21.15 times with a market capitalisation of RM492 million.

TRIPLC Bhd (fundamental: 0.8/3, valuation: 1.5/3) rose by 5.7% to its six-month high of RM1.67 with 1.13 million shares traded. Th e trading volume for the counter is relative-ly high as compared to its 200-day average volume of only about 62,159.

Triplc was last featured in “Stocks with Momentum” in Oct 29, 2015 with a negative momentum, and has been on the slide until Jan 14 this year when it started to pick up again. Since Jan 14, when it was at RM1.20, the stock

has gradually climbed to the current level.Th e group’s third fi nancial quarter ended

Feb 29, 2016 net profi t increased by 75.7% even though its revenue for the quarter under review declined slightly by 0.01% to RM3.45 million, from RM3.47 million a year ago.

Currently, Triplc is trading at a trailing price-earnings ratio (PER) of 13.26 times compared to its 10-year average PER of 7.72 times. Th e group has a market capitalisation of RM110.8 million.

P R O P E RT Y S NA P S H T 9WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

SkyWorld to launch three projects

Better homes need better communities

Tien Wah, Lum Chang to jointly develop mixed-use project

PM Najib offi ciates at EcoWorld Ballymore’s London event

Robert De Niro plans luxury hotel in London

JLL: Physical and digital experiences key to keeping consumers visiting retail stores

MOST READ ONTheEdgeProperty.com

trend analysis

latestclassifi ed

listingsand more

FREE transaction

datanews

analytics

BY TA N A I L E N G

o f T h e Ed g e Pr o p e r t y. c o m

What are developments priced in Subang Jaya?

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

Subang Jaya top 5 most expensive condominiums/apartmentsby average price per square foot

Subang Jaya top 5 least expensive condominiums/apartmentsby average price per square foot

• Today, we continue our focus on Subang Jaya by looking at average prices on a

per square foot (psf) basis. Based on transactions analysed by Th eEdgeProperty.

com, the average price of non-landed homes in the area was RM598 psf in

1Q2015, up 8.4% y-o-y from RM552 psf in 1Q2014.

• Th e property market in Subang Jaya falls primarily within the mid- to high-

end segment. In the 12 months to 1Q2015, 35.9% of the secondary non-landed

residential transactions were within the RM601 – RM800 psf range. Another

29.3% fell within the RM401 – RM600 psf range.

• Th e most expensive project was Subang SoHo, with an average price of RM886

psf, almost 25% higher than the next project. Located close to the affl uent

neighbourhood of SS19, this modern condominium caters primarily to single

executives or couples.

• Th e units here are compact, ranging from 495 sq ft to 1,289 sq ft, and many are

designed as loft units. Th e smaller units were the most popular among buyers. In

March 2015, a 495 sq ft unit here was sold for RM919 psf, earning the title as the

most expensive unit sold in Subang Jaya within the review period.

• Transactions at the top three most expensive projects were primarily for studio

or 1-bedroom units, driving up the project’s average price. Casa Tiara (RM709

psf) is located within the commercial heart of SS16 while Menara Rajawali

(RM692 psf) is located close to the educational institutions in SS15.

• Th e most aff ordable projects were the mid-cost apartments within the industrial

neighbourhood of Subang Hi-Tech Industrial Park. Th ey were led by the Taman

Bukit Pelangi Apartments (RM250 psf) and Suria Subang Apartment (RM262 psf).

Source: TheEdgeProperty.com

Source: TheEdgeProperty.com

PETALING JAYA: C H Williams Tal-har & Wong Sdn Bhd (WTW) — Malaysia’s oldest and largest real estate service provider — is join-ing forces with CBRE Group, the world’s largest commercial real estate services and investment fi rm to become CBRE|WTW.

Th e move will enhance the pres-ence of both fi rms locally and in-ternationally, said WTW managing director Foo Jee Gen.

He told Th eEdgeProperty.com CBRE had acquired a 49% stake in WTW under a joint-venture (JV) agreement.

Foo, however, did not disclose the price CBRE paid for its stake in the fi rm.

“Although there will be some changes in shareholding and the company will be rebranded as CBRE|WTW, the management structure of WTW will remain the same,” he added.

Currently, WTW is led by Foo and deputy managing director Danny Yeo. Established in 1960, WTW has a nationwide network of 23 offi ces.

On the potential new services


to be added after the rebranding exercise, Foo said WTW is looking at fi nancial restructuring or fund-ing source-related services that the company could tap into.

“We are still looking into it. If there are any missing elements, we will invite them to come in to enhance our service and explore more opportunities,” he added.

WTW and CBRE Asia will sign the JV agreement today.

CBRE Asia chairman Willy Shee said with the partnership, CBRE will be able to leverage WTW’s network of clients in var-ious areas including valuation, market research, consultancy, estate agency, project marketing, corporate real estate and proper-ty management services across Malaysia.

In addition, WTW will be able to tap CBRE’s wider glob-al platform and advisory and t r a n s a c -tion, bro-kerage, capital

markets and asset services.CBRE Asia Pacifi c chief execu-

tive offi cer Steve Swerdlow said the new partnership will pave the way for an enhanced level of service for clients. Clients currently serviced by WTW’s valuation, market re-search, consultancy, estate agen-cy, project marketing, corporate

real estate and prop-erty management

services will now be able to enjoy CBRE’s wider service plat for m to take their busi-nesses beyond

Malaysia.“Other than

that, WTW

Foo: Although there will be some changes in shareholding and the company will be rebranded as CBRE|WTW, the management structure of WTW will remain the same. The Edge fi le photo

will be able to plug into CBRE’s oc-cupier outsourcing business called Global Workplace Solutions, which serves a blue-chip list of occupi-ers across a wide range of indus-tries, particularly fi nancial services, healthcare, industrial or manufac-turing, life sciences, technology and telecommunications,” he added.

WTW chairman and co-found-er Mohd Talhar Abdul Rahman said the partnership will generate greater opportunity for the com-pany to connect Malaysian clients to invest in real estate activities internationally.

“CBRE’s extensive global cov-erage would provide a ready plat-form for connecting our clients to rightly match their specifi c in-vestment criteria. Having such a connection enables us to more eff ectively conduct the critically necessary due diligence and re-ality checks of available property investments,” he added.

1 0 B R O K E R S’ C A L L / T E C H N I C A L S WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Better growth expected for banks in 2H16

We e x p e c t e d the market to stage a tech-nical rebound last week and we did see

some rebound last Tuesday and the market rose for three days. However, the market declined steeply last Friday and led to a fourth weekly decline. Equity mar-kets globally remained uncertain and investors opted for safer in-vestment instruments like bonds. Weaker ringgit has also weakened market sentiment and foreign in-stitutions continue to sell.

The FBM KLCI declined 1.3% in a week to 1,628.26 points on rela-tively higher trading volume. This indicated slightly stronger selling pressure. The average daily trad-ing volume in the past one week rose from 1.6 billion shares to 1.8 billion, while the average trading value increased from RM1.9 bil-lion to RM2.1 billion.

Foreign institutions contin-ued to exit the market as ringgit weakened. Net selling from for-

Bears still in control of FBM KLCIBY B E N N Y L E E eign institutions last week was

RM1 billion and net buying from local institution and local retail were RM904 million and RM100 million respectively.

In the FBM KLCI, decliners outpaced gainers by 17 to 11. Top gainers for the week were Astro Malaysia Holdings Bhd (+4.5% in a week to RM2.80), British American Tobacco (Malaysia) Bhd (+4.2% to RM48.98) and YTL Corp Bhd (+1.9% to RM1.60). Top decliners were MISC Bhd (-10.8% to RM7.44), CIMB Group Holdings Bhd (-5.6% to RM4.40) and UMW Holdings Bhd (-4.4% to RM6.03).

Market performances in Asia were mixed. China’s Shanghai Stock Exchange Composite In-dex fell 2.9% in a week to 2,827.37 points last Friday, Hong Kong’s Hang Seng Index declined 1.9% in a week to 19,719.29 points, Singapore’s Straits Times closed marginally higher at 2,734.91 points, while the Nikkei 225 in-dex increased 1.9% in a week to 16,412.21 points.

The US and European markets were also mixed. The US Dow Jones Industrial Average increased only 0.3% in a week to 17,720.50 points last Thursday, Germany’s DAX Index increased 0.1% in a

Daily FBM KLCI chart as at May 13, 2016.

RM million

Sources: CIMB Research, Company

Banks' quarterly net profit and y-o-y growth

-10%

-5%

0%

5%

10%

15%

20%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

4Q11 2Q12 4Q12 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15

%

Total net profit (LHS) y-o-y growth (RHS)

Banking sectorMaintain overweight: We have entered the fi rst quarter of 2016 (1Q16) results season, with Pub-lic Bank Bhd and BIMB Holdings Bhd having published their 1Q16 results and all other banks expected to announce their 1Q16 numbers between May 20 and May 31. We estimate net profi t growth for banks under our coverage to be 3% to 5% in 1Q16 on the back of six trends that we envisage for the quarter. We infer these based on March 2016 banking statistics released by Bank Negara Malaysia and Public Bank’s fi rst fi nancial quarter ended March 31, 2016 results.

Despite the various headwinds from banks’ asset quality, the in-dustry’s gross impaired loan (GIL) ratio remained unchanged at 1.6% in March 2016 (versus December 2015). In fact, the GIL only in-creased 0.6% quarter-on-quarter (q-o-q) in 1Q16. Meanwhile, the in-dustry’s total collective assessment and individual assessment slid by 0.6% and 3.5% q-o-q, respectively, in 1Q16. Th is leads us to believe that banks’ loan loss provisioning for their domestic loan books was not likely to spike in 1Q16.

For non-interest income, we believe foreign-exchange income in 1Q16 was robust, benefiting from increased volatility in the

currencies, especially the ringgit. Nonetheless, fee income likely re-mained soft in 1Q16 in view of the weaker business sentiment (re-

week to 9,862.12 points and Lon-don’s FTSE 100 declined 0.2% to 6,104.19 points.

The US dollar continued to strengthen against major cur-rencies. Th e US Dollar Index fu-tures increased from 93.8 points last week to 94.1 points. Crude oil pulled back for a correction after hitting a six-month high two weeks ago. US West Texas Intermediate crude increased 4.3% in a week to US$46.39 (RM186.49) per barrel, the highest in six months. COMEX Gold declined 1.2% in a week to US$1,264.70 an ounce. Crude palm oil on Bursa Malaysia declined 1.7% in a week to RM2,586 per tonne on higher-than-expected palm oil output in April.

Th e FBM KLCI failed to rebound as expected despite indicators showing that the index was over-sold. Th e index remained bearish

below the short- and long-term 30- and 200-day moving averages. Furthermore, the index is below the Ichimoku Cloud indicator.

Momentum indicators in-creased last week, indicating weak-er bearish momentum. However, indicators like Relative Strength Index and Momentum Oscillator are still below their middle levels and these indicate that the bears are still in control. Furthermore, the index is trading near the bot-tom band of the Bollinger bands indicator and the moving average convergence divergence indicator below its moving average.

The market may be oversold as technically indicated but sen-timent remains bearish. The mar-ket rebounded but was very weak and this indicated the selling in May is not over. Markets global-ly continued to be uncertain and

this weakened confidence further. Weakening ringgit added salt to the wound.

After a weak performance last week, we expect the market to continue its bearish trend. Im-mediate support level is at 1,614 points but this is expected to be broken and the index to fall to the next support level at 1,600 points.

Benny Lee is chief market strate-gist for Jupiter Securities Sdn Bhd. Jupiter Securities is a participat-ing broker in Bursa Malaysia. He can be contacted at [email protected]. The views expressed in the article are the opinions of the writer and should not be con-strued as investment advice. Please exercise your own judgement or seek professional advice for your investment decisions.

fl ected in the collapse of business loan growth) and soft investment banking income. Cost-wise, over-heads likely increased by smaller margins (versus 2015) due to the cost savings from banks’ mutual separation schemes.

Th e industry’s loan momentum weakened from an already soft 7.9% year-on-year (y-o-y) in De-cember 2015 to only 6.4% y-o-y in March 2016, the worst since June 2007. This reflects the sluggish business and consumer sentiment. Despite the slower loan growth, banks’ net interest income growth should not have decelerated sig-

nifi cantly in 1Q16 as we project smaller margin contraction for most banks in 2016 (versus 2015).

We remain “overweight” on Malaysian banks predicated on the expected earnings recovery in 2016, attractive valuations for most banks, the slowdown in equity fundraising activities, and attrac-tive dividend yields. We estimate net profi t growth was a decent 3% to 5% in 1Q16 and expect a better growth in the second half of 2016 (2H16) towards achieving our pro-jected net profi t growth of 7.2% for 2016. RHB Capital Bhd remains our top pick. — CIMB Research, May 16

After Public Bank and BIMB, all other banks are expected to announce their 1Q16 numbers between May 20 and May 31. Photo by Sam Fong

B R O K E R S’ C A L L 1 1WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

KLK posts higher profi t of RM668.4m for FY16 Kuala Lumpur Kepong Bhd(May 17, RM23.00)Maintain hold with an unchanged target price (TP) of RM22.70: Excluding a surplus of RM485.6 million arising from the sale of plantation land in the fi rst fi nan-cial quarter ended Dec 31, 2015 (1QFY16), Kuala Lumpur Kepong Bhd (KLK) posted a higher year-on-year (y-o-y) profi t of RM668.4 million (1HFY15: RM591 million).

Th e higher profi t is attributa-ble to its manufacturing segment, which posted better margins of 6% (1HFY15: 3%) as profi t surged to RM226.1 million (+146% y-o-y), hence more than off setting the im-pact of lower profi t from the plan-tation and property divisions.

Th e property division incurred a lower profi t of RM4.3 million in 1HFY16 (1HFY15: RM42.8 mil-lion) as revenue dropped by 64% to RM25.9 million with a slowdown in demand aff ecting sales. Th e low-er 90% y-o-y profi t in 1HFY16 was also due to the surpluses from the disposal of industrial and com-mercial land incurred in 1HFY15.

Th e plantation division’s earn-ings were marginally lower at RM398.5 million (-0.3% y-o-y) as margins decreased to 9.3% from 12.9% in 1HFY15, due to a foreign exchange loss of RM13.5 million (1HFY15: gain RM8.2 million) aris-ing from the translation of loans advanced and bank borrowings to Indonesian companies, and a lower profi t from estate operations.

Nonetheless, this performance is not unexpected on account of lower average selling crude palm oil (CPO) prices realised of RM2,075 per tonne (1HFY15: RM2,170 per tonne) during the reporting period.

Th e manufacturing sector reg-

Signature International Bhd(May 17, RM1.02)Maintain add with an unchanged target price (TP) of RM2.02: Th e nine-month period ended March 31, 2016 (9MFY16) revenue was down 29% year-on-year (y-o-y) as orders could not sustain fi nancial year ended June 30, 2015 (FY15) sales. 9MFY16 net profi t was down a disappointing 52% y-o-y, mainly due to lower econ-omies of scale as revenue declined. No interim dividend per share (DPS) was declared, in line with market and our expectations. However, we see signs of a recovery in FY17.

We cut FY16 earnings per share (EPS) by 17% to refl ect its current weak order book. However, we main-tain FY17/FY18 EPS, as we believe the worse is over for Signature. We think that 2017 should be a much better year for the company.

Group outstanding order book is around RM150 million and the company is bidding for some major projects. Th ese include Country Gar-den Holdings Co Ltd’s Johor project (contract worth RM150 million) and the UK’s Battersea project Phases 2 and 3 (projects worth RM200 million). Th e company stands a good chance of securing both of these jobs over the next few months.

Signature announced that it just received RM80 million in cash from the sale of its 3.3 acres (1.33ha) of Kota Damansara industrial land to the Selangor government. Th e company

still has 4.2 acres in Kota Daman-sara and will continue to maintain its operations and headquarters there. From the land sale, we believe the company could potentially off er up to RM30 million to RM40 million in special dividends, equivalent to 12.5 sen to 16.7 sen DPS to its sharehold-ers, over the next few months. As at end of March, Signature was in a RM1 million net cash position.

Two years ago, Signature pro-posed to acquire 39 acres of indus-trial land in Bandar Baru Enstek, Seremban, which is close to the Kuala Lumpur International Air-port, for RM50.8 million or RM30 per sq ft. Th e company could fund this land acquisition from the sale of the Kota Damansara land. We understand that the market value of the land doubled in the past year and management could either sell this land bank or develop it on its own. Funds from the land sale would be more than enough to buy this land. We have not included any potential earnings from this land.

We cut our FY16 EPS forecast, but maintain FY17/FY18 EPS. Our TP is unchanged at a 30% discount to our sum-of-parts valuation; the discount is to refl ect its small-cap status. Th e stock remains an “add” and rerating catalysts could include securing major projects and potential special dividends in the near future. Accumulate on any price weakness in the stock. — CIMB Research, May 16

Cahya Mata Sarawak Bhd(May 17, RM3.27)Upgrade to buy with a lower tar-get price (TP) of RM4.10: The near-term prospects for Cahya Mata Sarawak Bhd’s (CMS) 25%-owned OM Materials (Sar-awak) Sdn Bhd (OMS) is indeed challenging, as only six out of a total 16 furnaces are running. Th is is despite ferrosilicon prices seem to be stabilising at about US$1,000 (RM4,002) per tonne.

Going forward, the RM26 bil-lion Pan Borneo Highway project is expected to drive earnings for its cement, materials and trading di-visions, and this could extend to its construction unit from next year if it secures more roadwork packages.

Furthermore, its 50% stake in Sacofa Sdn Bhd (Sarawak’s sole telecommunications tower ser-vice provider), acquired late last year, would see full-year earn-ings contribution from this year onwards. Meanwhile, business activities at its existing divisions, excluding OMS, are likely to im-prove following the end of the rainy season in the state.

CMS’ first financial quarter ended March 31, 2016 (1QFY16) profit was well below our and street estimates. We revise down our FY16F (forecast) to FY18F earnings by 3.3% and 41.3% re-spectively. Th is is after cutting our forecasts for OMS, and the group’s cement and materials divisions.

OMS remains the single largest risk within CMS, with its down-side and upside risks dependent on the extent of its operating loss-es. Th ese remain uncertain at the moment.

We think the possible ex-tension of losses at OMS may dampen investor sentiment on the stock. However, we also be-lieve the knee-jerk selldown in CMS Shares on Monday looks to be overdone. We like the group for being the best proxy to the rapid industrial development of Sarawak. Therefore, we upgrade the stock to “buy” (from neutral), but trim our sum-of-parts-based TP to RM4.10 (from RM4.80). — RHB Research Institute, May 17

Kuala Lumpur Kepong Bhd

FYE SEPT (RM MIL) 2013 2014 2015 2016E 2017E

Turnover 9,147 11,130 13,650 13,667 14,028 Ebit 1,251.3 1,369.0 1,195.8 1,602.2 1,703.5 PBT 1,199.8 1,317.7 1,134.6 1,500.0 1,599.8 Patmi 917.7 991.7 869.9 1,080.0 1,151.8 EPS (sen) 86.2 93.1 81.7 101.4 108.2 PER (x) 26.8 24.8 28.3 22.8 21.4 DPS (sen) 50.0 55.0 45.0 55.8 59.5 Dividend yield (%) 2.2 2.4 1.9 2.4 2.6 NTA/sh (RM) 6.8 7.0 8.8 9.7 10.2

EBIT margin (%) 13.7 12.3 8.8 11.7 12.1 PBT margin (%) 13.1 11.8 8.3 11.0 11.4 Eff tax rate (%) 19.4 21.6 22.1 25.0 25.0 ROE (%) 12.5 13.0 11.7 12.5 11.1 ROA (%) 7.9 8.1 5.8 6.5 7.1 N gearing (x) 0.07 0.20 0.25 0.22 0.17

Growth ratios (%)

Turnover -9.4 21.9 22.4 1.1 2.6 Ebit -12.9 9.4 -12.6 34.0 6.3 PBT -14.3 9.8 -13.9 32.2 6.7 Patmi -24.2 8.1 -12.3 25.5 6.7Source: BIMB Securities Research

istered a sharp increase in prof-it of RM226.1 million in 1HFY16 compared with RM91.8 million in 1HFY15, led by higher profi ts from oleochemical and other manu-facturing sub-segments that had surged 148% and 128% to RM211.3 million and RM14.8 million respec-tively. Th e improvement in profi t was also aided by an unrealised gain of RM23.56 million (1HFY15: unrealised loss of RM14.1 million) arising from fair value changes on outstanding derivatives contracts.

According to the announce-ment, Europe and China opera-tions contributed to the improved profi t through better sales volume, although an increase in cost of raw

materials had narrowed profi t mar-gins, especially of the Malaysian entities. Its fatty alcohol business was aff ected by higher crude palm kernel oil prices, which gave a cost advantage to lower cost synthet-ic-based substitutes.

An interim single-tier dividend of 15 sen was declared which is in line with last year’s payment. We maintain our “hold” call. We keep our FY16 and FY17 earnings forecasts unchanged and maintain our TP at RM22.70, based on un-changed price earnings ratio of 21 times over FY17 earnings per share estimates. — BIMB Securities Re-search, May 17

Cahya Mata Sarawak Bhd

FYE DEC 31 (RM MIL) 2014 2015 2016F 2017F 2018F

Reported net profit 221 242 144 283 324Recurring net profit 209 242 144 283 324Recurring net 19.2 15.6 (40.6) 97.3 14.4profit growth (%)

Recurring EPS (RM) 0.20 0.23 0.13 0.26 0.30DPS (RM) 0.09 0.05 0.05 0.11 0.12Recurring PER (x) 16.2 14.4 24.7 12.5 10.9P/BV (x) 1.89 1.76 1.69 1.56 1.44P/CF (x) 8.2 na 14.2 10.4 10.1Dividend yield (%) 2.6 1.4 1.6 3.2 3.7EV/Ebitda (x) 5.72 5.71 6.13 4.82 4.58ROAE (%) 12.8 12.6 7.0 13.0 13.7Net debt to equity (%) net cash net cash net cash net cash net cashOur vs consensus EPS (52.0) (13.0) 0.0(adjusted) (%)

Source: Company data, RHB

Signature International Bhd

FYE JUNE (RM MIL) 2014A 2015A 2016F 2017F 2018F

Revenue 175.4 272.9 215.0 330.0 343.2Operating Ebitda 22.70 49.40 29.80 60.10 63.40Net profit 17.80 36.10 21.10 40.37 42.53Core EPS (RM) 0.06 0.12 0.07 0.13 0.14Core EPS growth (%) 324 103 (42) 91 5FD core PER (x) 17.70 8.73 14.93 7.80 7.41DPS (RM) 0.02 0.05 0.08 0.10 0.10Dividend yield (%) 1.43 4.76 7.33 9.43 9.71EV/Ebitda (x) 13.43 6.66 10.75 4.49 4.14P/FCFE (x) na 32.95 na 4.12 9.10Net gearing (%) (10.7) 6.6 0.1 (21.0) (23.2)P/BV (x) 2.64 2.21 1.40 1.30 1.21ROE (%) 16.0 27.6 11.5 17.3 16.9% change in core EPS estimates - - (16.9) 0.0 0.0CIMB/consensus EPS (x) - - 0.78 0.93 1.27Source: Company data, CIMB forecasts

Pan Borneo Highway to drive Cahya Mata’s earnings

Potential special dividends from land sale at Signature

1 2 H O M E WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

I N BR I E FNajib: Brand Malaysia has government’s supportIt shows that Malaysians can be world leaders and world beaters

LONDON: Th e Malaysian govern-ment keenly supports the private sector in promoting Malaysian brands internationally, said Prime Minister Datuk Seri Najib Razak.

He said projects such as the re-generation of the Battersea power station and now, Eco World Interna-tional’s venture in London, would all contribute to the government’s plan to raise Malaysia to the status of a high-income nation in sever-al years.

“It shows that Malaysians can be world leaders and world beat-ers, wherever they are building, working, trading, teaching, or par-ticipating in whatever way in local societies and economies,” he said.

Najib, who is on a working visit to the United Kingdom, said this in his speech at the topping-up

ceremony of the Legacy 1 project at Embassy Gardens on Monday to the drumbeat of the Eco World Symphony Drummers.

Legacy 1 is a project by Malay-sian property developer Eco World International.

At the event, Najib was wel-comed by the chairman of Eco World Ballymore Holdings Compa-ny Tan Sri Liew Kee Sin, chairman of EcoWorld Management & Advi-sory Services (UK) Lord Jonathan Marland and managing director of Ballymore UK, John Mulryan.

EcoWorld is partnering the Bal-lymore Group to develop three prime waterfront sites in London.

Najib commended the joint ven-ture (JV) as it had also commenced work on two other projects, name-ly London City island on the Lea-

mouth Peninsula in East London and Wardian London, despite be-ing slightly more than a year old.

“Th e regeneration of the Batter-sea power station by a Malaysian consortium has been a real flag bearer for our country — London will gain a ‘Malaysia Square’.

“I believe that EcoWorld’s pres-ence in the capital will reinforce the message that Malaysia believes in London,” he added.

EcoWorld, via subsidiary Eco World Investment, had in April last year acquired a 75% interest in three waterside development sites in London with a gross devel-opment value (GDV) of around £2 billion (RM11.65 billion) and com-prising over 2,700 residential units and 250,000 square feet of com-mercial, leisure and offi ce space.

Th e three schemes are the Em-bassy Gardens Phase 2 in the Bat-tersea Nine Elms regeneration area, London City Island Phase 2 in Can-ning Town, East London and Ward-ian London in Canary Wharf.

Irish developers Ballymore Group owns the other 25% of the three sites via a JV company, EcoWorld-Ballymore Holding Com-pany Ltd.

EcoWorld said in a statement the Embassy Gardens Phase 2 is expected to deliver 709 private res-idential units and 163 units of af-fordable homes across three resi-dential blocks, ranging from nine to 23 storeys.

The project launched in Sep-tember last year has been well re-ceived with sales of £128.8 million as at end-January 2016. — Bernama

KUALA LUMPUR: Inspector-Gen-eral of Police Tan Sri Khalid Abu Bakar stated yesterday that shoot-ing of drug addicts and traffick-ers, as proposed by a lawmaker, is not lawful.

He said this when asked to comment on the proposal made by Kinabatangan member of par-liament Datuk Bung Moktar Radin when debating on the National Anti-Drugs Agency Bill 2016 in

the Dewan Rakyat on Monday.“That proposed action is not

suitable as it is not in accordance with the law, and cannot be im-plemented in this country,” he told reporters here.

Khalid warned that stern action would be taken against public servants including police per-sonnel involved in any human trafficking activity.

The warning was issued when

he was asked to comment on the police’s success on May 6 in bust-ing a syndicate involved in forg-ing Malaysian passports, which also saw the arrest of 19 people, including two immigration de-partment officers.

Th e police investigation found that the syndicate was trying to smuggle Sri Lankan nationals to Ge-neva, Switzerland with a payment of RM60,000 each. — Bernama

‘MP’s proposal to shoot drug addicts, traffi ckers not lawful’

KUALA LUMPUR: A Royal Malay-sian Air Force (RMAF) Aermacchi MB339CM jet crashed in Nenasi, Pekan, Pahang yesterday afternoon.

According to an RMAF state-ment, the jet based at the Kuan-tan air base experienced tech-nical problems during training manoeuvres at 12.54pm.

“Both pilots on board eject-ed to safety,” the statement said.

RMAF said a board of inquiry would be set up to investigate the cause of the crash.

In Kuantan, Fire and Rescue Department senior superintendent II (Operations) Ashrul Rezal Asbar said one of the pilots, Lt Mohd Hakimi Hairi, fractured his right leg while the other pilot Mejar Nazrul Hafi z Zaimi escaped injury.

“Both pilots were brought out of the crash site in a mili-tary helcipopter at 1.37pm,” he told Bernama.

He said the department was

Improve transparency to beat graft, says accounting group

KUALA LUMPUR: Defeating corruption can be done by im-proving the measurement of transparency, values and ac-countability among public and private sector members.

International Federation of Ac-countants (Ifac) chief executive of-fi cer Fayez Chowdhury said strong collaboration and commitment from both sectors are crucial in fostering good governance and holding offi cials accountable.

Chowdhury is attending the two-day Financial Reform For Economic Development in Asia: Public Sector Forum 2016 here yesterday.

Fayez said based on Transpar-ency International’s (TI) Corrup-tion Perceptions Index (CPI), the world registered an average loss of US$2.5 trillion (RM10.05 trillion) due to corrupt practices yearly.

“TI estimates that only one bil-lion people out of the seven billion global population live in a corrup-tion-free environment,” he said.

Th e two-day forum is jointly organised by the Confederation of Asian and Pacifi c Accountants, the World Bank and supported by Ifac, to discuss public fi nan-cial management, promote better public services, accountability and transparency to support poverty reduction and economic growth.

Representatives from supreme audit institutions, professional ac-countancy organisations and gov-ernment offi cials from 33 countries including Malaysia, China, India, Japan, Bhutan and Cambodia are attending the forum. — Bernama

RMAF jet crashes in Pekan, pilots eject to safety

alerted to the incident by mem-bers of the public at around 1pm and that a fire engine with 11 men from the Pekan fire station rushed to the scene. — Bernama

The RMAF Aermacchi MB339CM jet that crashed into a padi fi eld in Kampung Pandan Dalam yesterday. Photo by Bernama

Illegal logs worth RM277,000 seized in Sarawak since JanuaryMIRI: Th e Sarawak Forest De-partment seized 4,259 cubic metres of logs worth RM276,835 from January to May 11, 2016, following a series of enforce-ment operations on illegal log-ging in the state. Sarawak Forest Department senior assistant director (protection and en-forcement division) Jack Liam said during the same period, 36 cases of illegal logging had been fi led and referred to the relevant authorities for further action. “In the same period 51 people have been detained and questioned to assist in investi-gations,” he said at the opening of a workshop on Development of Social Forestry in Sarawak yesterday. — Bernama Join the construction sector, Malaysian workforce urgedKUALA LUMPUR: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi wants to see more Malaysians join-ing the construction sector in addressing the shortage of for-eign workers in the country. He said although there were already some two million for-eign workers in the country, employers were still facing a shortage of workers, resulting in delays in some projects. “We are fully aware of the grouses over the shortage of manpower in the country, including in the construction sector,” he said in his keynote address at the 16th International Association of Public Transport Asia Pacifi c Assembly here yesterday. Fate of Lahad Datuintrusion accused to be decided on June 20KOTA KINABALU: The High Court here has tentatively fi xed June 20 to decide on the fate of 19 accused in the Lahad Datu intrusion case. Justice Stephen Chung tentatively fi xed the date after the defence closed its case yesterday, having called 20 wit-nesses over 24 days since Feb 25. He also fi xed June 10 for hearing of submissions by both parties. Th e prosecution began its case on Jan 6, 2014 with 30 individuals — 27 Filipinos and three local men — accused of various off ences linked to the armed intrusion at Kampung Tanduo in Lahad Datu in Feb-ruary 2013. — Bernama

Perak BN parties pledge to remain united in Kuala Kangsar by-electionIPOH: Barisan Nasional (BN) component party leaders have pledged to remain united and not do anything detrimental to the party in the Kuala Kangsar parliamentary seat by-election next month. Perak Umno liai-son committee chairman Da-tuk Seri Dr Zambry Abd Kadir said all of them also reaffi rmed their unwavering commitment and promised to work hard to retain the Kuala Kangsar seat. — Bernama

H O M E 1 3WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

‘Malaysians among world’s top savers’Household spending down, even when economic conditions improve

KUALA LUMPUR: Malaysian con-sumers’ saving intention, at 67%, is one of the highest globally, according to the latest Nielsen Global Survey of Consumer Confi dence and Spend-ing Intentions.

In a statement yesterday, Nielsen said saving intentions among Malay-sian and Southeast Asian consumers continue to be a priority, based on its survey for the fi rst quarter of this year (1Q16).

“Th e region’s consumers are the world’s most avid savers with all six countries securing the top 10 spots globally when it comes to saving,” it added.

Th e survey involved 30,000 re-spondents with Internet access in 63 countries.

“About one third of Malaysians are also focused on building their fi nancial nest by channelling extra cash towards investing in shares of

stock or mutual funds (32%) and retirement fund (27%), while two in fi ve respondents used any extra monies to clear debts, credit card debts or loans (41%),” it said.

While the intent to save is high, the survey found that Malaysian con-sumers are also ready to indulge in big-ticket items such as holidays or vacations (up 4% to 40%), upgrading of new technology products (up 7% to 19%), out-of-home entertainment (up 5% to 18%) and home improve-ments or decorating (up 2% to 18%) in 1Q16 as per the previous quarter.

The survey also revealed that consumers in Malaysia continue to reduce household spending, even when economic conditions can im-prove, with nearly nine in 10 Ma-laysian consumers changing their spending habits in the past year to improve savings (88%).

Th e top three areas where con-

sumers in Malaysia continue to cut back even when economic condi-tions can improve are, spending less on new clothes (65%), reducing out-of-home entertainment (56%) and switching to cheaper grocery brands (51%).

In the region, Vietnam maintains its fi rst ranking saving intentions at 78%, followed by Indonesia (75%), the Philippines (69%), and Singa-pore (67%) shared same placing with Malaysia, while Th ailand (66%) took the sixth spot.

On average, only half of global consumers prioritise saving any spare cash (51%).

Nielsen said Malaysia’s consumer confi dence index remained stable, down one point to 79 percentage points in 1Q16.

Malaysia is now ranked 36th as the most confi dent country globally, it said. — Bernama

GEORGE TOWN: Penang Gerakan Youth urged the Penang state gov-ernment to abolish the requirement for an inquirer to sign a statuto-ry declaration (SD) when seeking access to documents under the Freedom of Information (FOI) En-actment.

Penang Gerakan Acting Youth Chief Jason Loo said the require-ment by the state government for an inquirer to sign the SD was against the spirit and principle of the FOI enactment.

He said the FOI should provide more freedom for the people as the name suggests, but unfortunately, the FOI in Penang is now “locked

Change the way of think-ing and take action to progress — Raja PerlisARAU: Th e Raja of Perlis Tuanku Syed Sirajuddin Putra Jamalullail urged the people to change their way of thinking and take action to achieve success in tandem with the changing times and as-piration of the country to be a developed nation. He said they would not achieve the success they pursued so long as their way of thinking, especially of the leaders and administrative ma-chinery was still at the old level, and lax. “Time moves fast ... we have to change or will forever to be unable to enjoy success,” he said after conferring awards on 36 recipients in conjunction with his 73rd birthday at Istana Arau here, yesterday. — Bernama

Businessman fi ned RM10,000, jailed fi ve days for bribery attemptSHAH ALAM: A businessman was fi ned RM10,000 and sen-tenced to fi ve days in jail by the Sessions Court here yesterday after pleading guilty to off ering RM1,500 as a bribe to an im-migration offi cer. Justice Am-ran Jantan ordered R Ravi, 45, to serve the jail sentence from the day he was detained last Th urs-day. Th e accused paid the fi ne. Ravi was charged with trying to bribe immigration officer Mohd Haniff Farhan Sha’ari as an inducement to not take action against his Indonesian workers who did not have valid travel documents or work permits. — Bernama

MACC ready to help in fl ash fl ood probePETALING JAYA: Th e Malaysian Anti-Corruption Commission (MACC) is ready to help Kua-la Lumpur City Hall to probe into allegations that the recent fl ash fl oods are the result of cor-ruption. Deputy Chief Commis-sioner (Prevention) Datuk Seri Mustafar Ali said they would only conduct a probe if there were weaknesses in the manage-ment system and the standard operating procedures. “We have to study the matter as it may in-volve other agencies and need the cooperation of all parties. “Th e MACC will only take ac-tion if there are aspects of cor-ruption,” he said yesterday. — Bernama

Pua’s judicial review bid to be heard July 28KUALA LUMPUR: The High Court set July 28 to hear sub-missions on points of law over the powers of the state to restrict people from leaving the country in Petaling Jaya Utara member of parliament Tony Pua’s judi-cial review application. Senior Federal Counsel Shamsul Bol-hassan, representing the immi-gration director-general and the government, told the media that the High Court judge asked the parties to submit over the issue whether it was reasonable action for the government to prevent a person from leaving the country. — Bernama

I N BR I E F

SYDNEY: Th e chances of fi nd-ing missing Malaysia Airlines Flight MH370 are fading and searchers have to face possible failure, the head of the Austral-ian investigation team told the Guardian newspaper.

With about 15,000 sq km left to scour of a 120,000 sq km search area in the southern Indi-an Ocean, there’s a “decreasing possibility” of success, Martin Dolan, head of the Australian Transport Safety Bureau, said in an interview, the Guardian reported yesterday.

When Dolan’s group began the search, the best advice re-ceived by experts was that it was highly probable, “but not certain the aircraft would be found in this area,” Dolan said, according to the newspaper. “We have to contemplate now the possibility that we will not fi nd the aircraft.”

Dolan was more upbeat in an interview in February, when he said he was still confi dent of fi nding the wreckage. Th e Boe-ing Co 777 plane vanished from radar on March 8, 2014, en route to Beijing from Kuala Lumpur. Th ere has been no trace of the 239 people on board.

Bad weather may delay the completion of the search — orig-inally slated for the middle of the year — by at least a month, Dolan told the newspaper.

The Australian Transport Safety Bureau said this month that a piece of engine cowl-ing and an interior cabin pan-el, found separately in March in South Africa and Mauritius, were “almost certainly” from MH370. Th ose locations match the fl ow of currents from the ex-isting search zone, the bureau said. — Bloomberg

‘No freedom of information with SD rule’in the cage”.

“According to the SD, in the event I am given the relevant agree-ments that I applied for under the FOI access, I can only use the doc-uments for reference and personal research which means the public or opposition party cannot use the documents for the purpose of check and balance.

Th e terms also forbid applicants from copying or quoting details in the documents or making any modification for the purpose of negative statements against the state government, he told reporters in front of the state assembly hall, here yesterday.

Loo also questioned whether the state government obtained the approval from the state assembly to impose the new requirement to sign the SD.

“Why would the state govern-ment restrict the usage of the doc-uments that are made public via [the] FOI if they are sincere to im-plement this FOI policy in Penang? Is this really transparent? Or they don’t really want people to know the details of the transactions from the very beginning,” he added.

He urged all the state assembly-men and non-governmental organ-isations to press the state govern-ment to abolish the FOI enactment

during the state assembly sitting.Loo said he would consider tak-

ing legal action if there was no ac-tion from the state assembly.

“I hope the state assemblymen inside can listen to us, and later, or tomorrow, or the day after [to] raise this issue [at the state assembly sitting] because I cannot sign the SD. I am here to say again I won’t sign the SD.

“If I sign the SD I will be the fi rst person to set a bad example to the Penangites that we are allowing the state government to get us to sign the SD and we are not allowed to share this documents with every-one,” he said. — Bernama

MH370 hunters must face failure, says search chief

DIGITAL SECURITY ... Deputy Home Minister Datuk Nur Jazlan Mohamed (right) and Immigration Director-General Datuk Seri Sakib Kusmi (left) observing the use of biometric screening on visitors to the country during a visit to the Kuala Lumpur International Airport yesterday. Photo by

Bernama

We have to contemplate now

the possibility that we will not fi nd the

aircraft.

1 4 C O M M E N T WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

WantedCentral bankers who speak their minds

BY T H E R E S E R A P H A E L

IT will take more than a “Global Declaration Against Corruption” to rid the world of an age-old scourge, but do not dismiss last week’s anti-corruption summit in London too quickly. Th e surge of interest in the issue is all to the good — and an opportunity that should not be wasted.

Graft may always be with us, but governments can choose ei-ther to tolerate and even assist it, or to confront it vigorously. One of the simplest and best ways to fi ght back is through sharing information. Letting the fruits of bribery, embezzlement and tax evasion be hidden away enables the crime.

Ahead of the meeting, more than 300 economists called on world leaders to restrict the use of shell companies and vehicles that conceal the ownership of assets. Th ey make a good case. Th ere is nothing wrong with own-ing assets abroad, and investors are entitled to expect appropriate confi dentiality — but that does not justify a policy of hiding in-formation from other tax and law enforcement authorities.

Pressure on governments that off er such invisibility can yield results. Following the outcry over the so-called Panama Papers, for example, Panama and four other jurisdictions have promised to share information on non-resi-dents’ holdings of assets.

Yet tax havens are not neces-sarily poor or small. British Prime

It is up to governments to stop enabling corruption

Corruption in the world

Source: Transparency International

Hong Kong, Japan

Uruguay

Qatar

South Korea

Saudi Arabia

Cuba

Iceland

United States

Taiwan

Spain

China

80

90

70

60

50

40

30

20

10

France, UAE

Costa Rica

Greece

Very clean

Highly corrupt

Bhutan

Portugal

Israel

Least corrupt

Most corrupt

Sweden

Switzerland

Denmark

Finland

New Zealand

Netherlands

Norway

Singapore

Canada

Germany

Guinea-Bissau

Venezuela

Sudan

Iraq

Libya

Afghanistan

Angola

North KoreaNorth Korea

SomaliaSomalia

Transparency International’s 2015 Corruption Perceptions Index, covering 168 countries

South Sudan

Haiti

Luxembourg

Britain

Turkey

Italy, South Africa

Egypt, Indonesia

RussiaIran

Philippines

Brazil

NigeriaBangladesh

BY E D I TO R I A L B O A R D Minister David Cameron was re-cently caught on camera calling Nigeria “fantastically corrupt.” At the summit, Nigerian President Muhammadu Buhari, elected on an anti-corruption platform, did not dissent. Instead, he asked for Britain’s help in fi nding stolen Ni-gerian assets parked in London.

Real estate is one of the eas-iest ways to launder ill-gotten wealth, and in this regard, Brit-ain has developed a reputation it should not want. More than 100,000 properties in England and Wales, and more than 44,000 in London alone, are owned by foreign companies. Cameron has promised changes, such as mak-ing foreign companies that own property in the UK declare their assets on a new public register. He has also announced plans for a new anti-corruption coor-dination centre in London, and tougher treatment for executives who fail to prevent fraud or mon-ey laundering in their companies.

Th e US is another haven for offshore wealth. “How ironic — no, how perverse — that the USA, which has been so sancti-monious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote one Swiss lawyer re-cently. Earlier this month, the White House said it would act to restrict the use of shell com-panies in the US.

Steps like these should not need to wait for global corrup-tion summits. But better late than never. — Bloomberg View

Central bankers these days are not unlike referees in a Premier League soccer match; they spend a lot of time running around

the players only to be accused of making biased or bad calls when-ever they blow a whistle.

Donald Trump called Janet Yel-len “highly political” last year be-fore more recently saying he would probably replace her because she’s not a Republican. Mario Draghi has been repeatedly dressed down by German Economy Minister Wolf-gang Schaeuble. But neither attack went as far as the politically moti-vated assaults on Bank of England (BoE) governor Mark Carney, in-cluding calls for his head after he warned last week of negative con-sequences if the United Kingdom leaves the European Union (EU).

Th e attacks on Carney are part of the heated battle over Britain’s future relationship with Europe. With stakes this high, shooting the messenger may seem a good op-tion. Th ose denouncing the central bank as “politicised” are too often seeking just that. But the recent at-tacks may well have implications beyond this referendum campaign.

Th e governor “has made him-self a political partisan and should be fi red”, said Jacob Rees-Mogg, a Conservative member of parlia-ment and member of the Treas-ury Select Committee. Norman Lamont, a former chancellor of the exchequer, accused the BoE governor of potentially causing a fi nancial crisis. “If his unwise words become self-fulfi lling, the respon-sibility will be the governor’s and the governor’s alone.”

Th e unfl appable Canadian hit back on Sunday on the BBC’s Th e Andrew Marr Show. Th e BoE’s job is to identify risks, not wish them away. “Th is is the diff erence be-

tween denial and transparency.”What Carney actually said last

week was that a vote to leave the EU in June “could have materi-al economic eff ects — on the ex-change rate, on demand, and on the economy’s supply potential — that could aff ect the appropriate setting of monetary policy”. Th at was central-banker speak, but his talk of the possibility of a “techni-cal recession” was plain English.

None of this was revelatory. Every serious study of the eff ects of British withdrawal has highlighted the costs of leaving, at least in the short to medium term. But hearing the word “recession” coming from the central bank chief made it much harder to dismiss. Whatever oth-er arguments exist for leaving the EU — and serious ones do exist, as my colleague Clive Crook has argued — the economic case has been lost, and that has infuriated anti-EU campaigners.

Carney did not say that there are no good reasons for Britain to leave the EU. In previous House of Com-mons testimony, he explicitly said that economic questions are “not the totality of the considerations” that people should think about. We will not be making and noth-ing we say should be interpreted as making any recommendation with respect to that.”

Carney did not make any long-term prognostications; he was talk-ing about the short term, which is what BoE forecasts take into ac-count so that they can inform mon-

etary policy. He was clear that the implications for monetary policy cannot be guessed in advance and would depend on how big an im-pact on supply, demand and ex-change rates the move had.

All of this is perfectly within his remit. Th e criticism of Carney mis-understands (or simply ignores) the role of the central bank gover-nor. Th at role, of course, has been periodically redefi ned, sometimes radically. Th ere was a time when central bank purchases of govern-ment debt were considered infl a-tionary; and another when central bankers were more advisers than rate-setters and interest rates were kept low to help service nation-al debt. Modern central banking, at least before the fi nancial crisis, was more market-driven, but then price stability was often confused for fi nancial stability.

Th e BoE’s mandate got redefi ned again after the fi nancial crisis. Th e Financial Policy Committee and the Prudential Regulation Author-ity (Carney chairs both) were set up by 2012 legislation to help the bank manage systemic risk. Given that re-mit, to have withheld analysis of the economic risks of an EU exit would have been political in the extreme.

The BoE’s founding principle, which Carney likes to cite, is “to promote the good of the people of the United Kingdom”. Th ere is bitter disagreement in Britain right now over whether the good of the peo-ple lies within or without the EU. It is not the governor’s job to express a view on Britain’s June 23 referen-dum. But he does have a clear obli-gation to lay out the risks to fi nancial stability — and then leave it to the players to decide what to do with that information. — Bloomberg View

Therese Raphael is a Bloomberg View editor in London, writing about European politics and eco-nomics.

Carney delivering his monthly infl ation report at the BoE in London on May 12. The attacks on the BoE governor are part of the heated battle over Britain’s future relationship with Europe. Photo by Reuters

We will not be making and nothing we say

should be interpreted as making any

recommendation with respect to that.

Trump called Yellen ‘highly political’ last year before more recently saying he would probably replace her because she’s not a Republican. Photos by Reuters

W O R L D B U S I N E S S 1 5WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Slovenian bank namedrecipient in failed Vietnam cyber heistHANOI: Cyber criminals un-successfully tried to send €1.2 million (RM5.5 million) from a Vietnamese bank to a Sloveni-an bank via the Swift network last December, but there have been no other cases of fraudu-lent transfers in Vietnam, a top central bank offi cial said yester-day. Le Manh Hung, head of the State Bank of Vietnam’s (SBV) Information Technology De-partment, told Reuters the Dec 8 transfer was the only attempt to steal funds detected by Tien Phong Bank. Other Vietnam-ese banks and the SBV have not been hit, and the name of the Slovenian bank was not known, he said. It was not also clear how many accounts were listed as recipents. — Reuters

Australia delays ‘backpacker tax’ after backlashSYDNEY: Working holidaymak-ers from overseas were given a reprieve yesterday from being hit with a so-called “backpacker tax” in Australia after a campaign by farmers and the tourism in-dustry. Th e government, which is in election mode with polls on July 2, had planned to introduce the levy on foreign travellers who are often young and work in ag-riculture and hospitality as a vi-tal source of seasonal labour. It would have meant that from July 1 they paid 32.5 cents for every dollar they earned, boosting gov-ernment coff ers by an estimated A$540 million (RM1.6 billion) over the next three years. — AFP

Deutsche Bank names Piquemal to leadglobal M&A groupLONDON: Deutsche Bank AG named Th omas Piquemal head of global mergers and acqui-sitions and chairman of cor-porate and investment bank-ing in France. Piquemal, 47, most recently senior execu-tive vice-president for fi nance at French electricity utility Electricite de France SA, will be based in Paris and report to corporate and investment banking chief Jeff Unwin, Frank-furt-based Deutsche Bank said on Monday in a statement. Deutsche Bank is ranked 11th in advising on completed or pending deals announced this year. — Bloomberg

RBA considered holding rates steady at May meetingSYDNEY: Australia’s central bank members discussed leav-ing interest rates on hold earli-er this month, but decided in the end that a cut would help return infl ation to target over time. “On balance, members were persuaded that prospects for sustainable growth in the economy, with infl ation return-ing to target over time, would be improved by easing mon-etary policy at this meeting,” minutes of the May 3 policy review revealed. — Reuters

I N BR I E FTemasek raises healthcare betsAdds more American depositary receipts of JD.Com Inc

BY K L AU S W I L L E & P O OJ A T H A K U R

SINGAPORE: Temasek Holdings Pte built holdings of US drug mak-ers and healthcare companies in the fi rst quarter as the Singapore investment fi rm expands bets on industries that will benefi t from ris-ing life expectancies, and a growing middle class in emerging markets.

Th e state-owned investor bought American depositary receipts (ADRs) of drugmaker Beigene Ltd and added to holdings of health-care companies, including Gile-ad Sciences Inc, Illumina Inc and Regeneron Pharmaceuticals Inc, according to a Monday fi ling with the US Securities and Exchange Commission. It also bought shares in Fidelity National Information Services Inc, a payment-service

SYDNEY: Australia & New Zealand Banking Group Ltd (ANZ) is getting rid of about 200 jobs in its Austral-ian unit as lending growth slows in a subdued economy.

The reductions will be largely in Melbourne and affect manage-rial and back-office roles in areas such as marketing and project management, Melbourne-based spokesman Stephen Ries said in an email yesterday.

ANZ’s job cuts highlight the chal-lenges ahead for Australian banks after three of the four largest lenders this month announced net income that missed analyst estimates amid rising corporate loan defaults. ANZ is also slashing its Asian and institu-tional banking workforce as part of a move to exit low-returning assets.

“Australian lenders are under pressure to have the right asset mix as capital requirements increase, and in that general push they are try-

provider and added to its position in the ADRs of JD.Com Inc.

Temasek has been building its stakes in pharmaceutical compa-nies after it added Gilead and Bi-oMarin Pharmaceutical Inc shares in the fourth quarter, according to an earlier fi ling. Th e healthcare industry is expected to expand as populations age and the growing middle class in developing nations can aff ord better treatment.

“Th e fi ling shows that Temasek is still exploring opportunities in healthcare and technology that provide innovative products or ex-ploit secular trends of ageing pop-ulations in developed markets and worldwide,” Enrico Soddu, an ana-lyst at the Sovereign Wealth Center in London, said in an email.

Temasek added to its position in

the ADRs of JD.Com, buying about 1.2 million more shares, the fi ling showed. It had bought 6.1 million ADRs in the Chinese online retailer in the previous quarter.

Temasek in July said its assets jumped 19% to an all-time high of S$266 billion (RM782 billion) in the 12 months to March 31, 2015, as it increased investments in developed markets and broadened those in China. It made S$30 billion of new investments during the period, the highest in seven years, and a record S$19 billion of divestments, taking advantage of liquidity-driven mar-ket rallies.

Singapore’s state-owned invest-ment firm is expected to report the results for its latest fi scal year ended March 31 by the end of July. — Bloomberg

ANZ to cut about 200 jobs in Australia as loan growth slowsBY N A R AYA N A N S O M A S U N D A R A M

ing to ensure they have the right cost base,” said Rohan Walsh, an invest-ment manager at Melbourne-based Karara Capital Ltd, which manages about US$1.8 billion (RM7.2 billion). “ANZ, in particular, is already shrink-ing its Asian operation to boost re-turns and one would think ongoing cost controls would be the focus of the management team.”

ANZ reduced its institution-al banking workforce by 6% and trimmed the number of employees in the Australian business by 3% in the year to March 31, according to fi lings. Th e lender is not done with job cuts in the institutional bank, the head of the business, Mark Whelan, said in an interview last week. — Bloomberg

BP struggles for Great Australian Bight drill approvalSYDNEY: British oil giant BP’s plan to drill in the Great Australian Bight failed yesterday to win regulatory ap-proval for a second time, although it can reapply, with environmentalists urging the project be abandoned.

Th e company wants to drill four exploration wells at a depth of up to 2,500 metres (8,200 feet) off the South Australian coast to see whether com-mercial quantities of oil or natural gas are present.

It fi rst applied for permission from the National Off shore Petroleum Safe-ty and Environmental Management Authority (Nopsema) in October, but was denied for failing to meet strict environmental criteria. It tweaked its application, but has again been told it falls short of environmental standards.

Nopsema said BP had been of-fered “an opportunity to modify and resubmit their environment plan” by

July 15. Th e regulator said it typically provides two opportunities to modify plans and BP called yesterday’s de-cision “another step in the normal, iterative process with this regulator”.

“We have allowed suffi cient time in our programme schedule for this regulatory process and continue to work toward commencing explora-tion drilling in late 2016 subject to the acceptance of our environment plan,” BP said in a statement. — AFP

NEW YORK: Pfi zer’s US$5.2 billion (RM21 billion) offer for Anacor Pharmaceuticals dodges the drug giant’s bigger issue. Th e US$200 billion com-pany may have bagged a good deal for the maker of eczema and toenail-fungus remedies, even though it’s paying a 55% premium. The more impor-tant question for sharehold-ers, though, is whether chief executive Ian Read will break Pfi zer up.

Anacor could eventually be a decent buy. Pfi zer reck-ons annual sales of the tar-get’s crisaborole eczema gel may hit US$2 billion or more. Th at would put Anacor’s val-ue at US$9 billion, using Pfi z-er’s multiple of 4.5 times sales. Pfi zer is also expected to make a handsome profi t from Kery-din, which attacks fungus that can grow under toenails.

Th ere are some major ca-veats, of course. Anacor has not yet won approval for cris-aborole from the US Food and Drug Administration. A decision is due by next Jan-uary. And Pfi zer’s estimates might not account for com-peting drugs and gels coming to market.

Even assuming this deal pays off as hoped, though, it probably won’t do as much for shareholders as a break-up would. Executives fi rst fl oated the prospect of Pfi zer splitting in two in 2011. Th e idea has tak-en on even more importance since April. Th at’s when the ac-quisitive company abandoned its US$160 billion takeover of Dublin-based Allergan, be-cause the US Treasury cracked down on so-called inversions: mergers aimed at moving a company’s corporate home to a lower-tax jurisdiction.

Pfi zer is already pretty well structured for a split. Th e Glob-al Innovative Pharma — or GIP — unit, which accounts for just over half the compa-ny’s annual sales, sells newer drugs, with older products in the Global Established Phar-ma division. Separating GIP could have big upside: rival Bristol-Myers Squibb, the mar-ket leader, trades at 28 times this year’s estimated earnings; Pfizer as a whole currently trades at just half that.

Read is at present promis-ing to make a decision about a break-up by the end of the year, and it may take anoth-er year to get one completed. GIP will, of course, need new drugs like crisaborole to en-sure that it prospers. For now, though, such bolt-on deals, while useful, are just pocket change. — Reuters

Pfi zer’s US$5.2b off er forAnacor dodges drug giant’s bigger issue

BY A N TO N Y C U R R I E

Filepic of customers at Australia & New Zealand Banking Group automated teller machines in Sydney. ANZ is also slashing its Asian and institutional banking workforce as part of a move to exit low-returning assets. Photo by Bloomberg

1 6 F O C U S WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY WE

BMW’s new electric car for 2021 lags Audi, MercedesiNext will be ‘ultimately bringing the next generation of electro-mobility to the road’

BY E L I S A B E T H B E H R M A N N

BMW AG’s response to the chal-lenge posed by Tesla Motors Inc will be ready in 2021, years after Audi AG and Mercedes-Benz plan to roll out their own long-range electric vehicles.

With Tesla planning to enter the main-stream of the luxury-car market with Model 3 next year, BMW is bringing out the iNext, which will supplant the 7-Series sedan as the brand’s fl agship model. Th e vehicle will come eight years after introducing the squat electric-powered i3 city car in 2013.

Th e iNext will be “our new innovation driver, with autonomous driving, digital connectivity, intelligent lightweight design, a totally new interior and ultimately bringing the next generation of electro-mobility to the road”, chief executive offi cer (CEO) Harald Krueger said last Th ursday in the annual shareholder meeting of the 100-year-old company. “We have always stressed that our centenary is a springboard to the future.”

The new model is the centrepiece of BMW’s eff ort to defend its position in the luxury-car market as changing consumer tastes challenge the German manufacturer’s focus on high-speed Autobahn thrills. BMW is responding to pressure from Tesla and tra-ditional rivals like Daimler AG’s Mercedes, as well as risks posed by Apple Inc.

Chauff eur serviceAs part of a broader strategy shift, BMW is also expanding into mobility services to take on the likes of Uber Technologies Inc as owning a vehicle becomes less important to city-dwelling consumers. Th e German man-ufacturer started a car-sharing programme in Seattle last month that off ers the option of a chauff eur service as well as people renting out their own vehicles.

Th e iNext will lag behind similar eff orts by key rivals Mercedes and Volkswagen AG’s Audi. Both plan to off er models that can cov-er at least 500km on a single charge by 2018. Audi will build its fi rst all-electric car as well as its battery at Audi’s factory in Brussels.

“Starting in 2018, we will launch another electrifi ed car each year,” Audi CEO Rupert Stadler said last Th ursday in the Volkswa-gen unit’s annual shareholder meeting in Ingolstadt. “By 2025, we will see fully auto-mated driving.”

BMW’s decision to allow eight years to pass since rolling out the i3 follows sluggish sales of the 160km-range vehicle, which failed to excite customers in the way Tesla’s electric Model 3 sedan has done.

Losing leadTh e rush of reservations for Tesla’s US$35,000 (RM140,700) Model 3 has highlighted the risk posed to BMW and other upscale carmakers, which rely on a reputation for innovation to charge customers more than mass-mar-ket competitors. Since 2013, BMW has sold about 50,000 i3s and i8 plug-in hybrid sports cars, while Tesla got 400,000 deposits for its most mainstream model in the weeks after the March 31 unveiling of the prototype.

To be sure, aside from Tesla’s vehicles, no electric cars have sold well. Th at’s prompted BMW to plan a signifi cant expansion of its high-performance M line to help fi nance in-

THlinbrawitis awit

andgasproondconwit

100227con

tur

Mle

vestment in electric power trains and other technologies that may not pay off for years.

Still, investors questioned BMW’s strategy of waiting for years to expand its electric-car line-up and fi ght Tesla on driving range after pioneering the mass-market production of

carbon fi bre for the chassis of the i3 and i8.“Can you aff ord to wait until 2021 to un-

veil the BMW iNext and still be competi-tive?” Daniela Bergdolt, vice chair of German shareholder protection association DSW, asked Krueger in the meeting. “I sense you

used to be early when it comes to e-mobility, and now there’s a sense you’re somewhat discouraged.”

BMW is set to lose its ranking as the world’s best-selling luxury-car brand this year for the fi rst time since 2005. Mercedes, benefi ting from a rejuvenated product line-up, took the lead during the fi rst quarter, when sales rose more than twice as fast as BMW’s.

7-Series strugglesTh e battle to stay in the lead contributed to incentives to entice buyers to BMW’s relatively older cars. Th e average price of BMW’s vehicles declined 5.9% to about €33,700 (RM135,474) in the fi rst quarter as demand for cheaper cars like the X1 com-pact sport utility vehicle powered past sales of the revamped 7-Series sedan, according to Bloomberg calculations. BMW’s current top-of-the-line model, on sale since Octo-ber, has failed to trouble the dominance of the competing Mercedes S-Class, which came out in 2013.

“The 7-Series isn’t getting anywhere against the S-Class so far,” Ingo Speich, a fund manager of Union Investment, said in the meeting. “It’ll probably be until 2018, until we see new impetus in terms of design, operating concept and interior with the new 3-Series.” — Bloomberg

BMW is bringing out the iNext, which will supplant the 7-Series sedan as the brand’s fl agship model.

The iNext will come eight years after introducing the squat electric-powered i3 city car in 2013.

HAyim

SitS

LgGdt

sddls

sH

cbtSco

vGw

F O C U S 1 7 WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

THE legendary Seven is returning to the MINI line-up as a freshly unveiled model of the brand’s luxury small car, reviving MINI’s roots with a contemporary slant. Th e car’s name is a reference to the Austin Seven, the model with which MINI production began in 1959.

Th e new MINI Seven is available in diesel and gas versions. Th e 192 horsepower (hp) gasoline model with a automatic gearbox promises 0 to 100kph acceleration in 6.7 sec-onds and a top speed of 235kph. Average fuel consumption is announced at 5.3l/100km, with 123g/km in CO2 emissions.

The 170hp diesel model promises 0 to 100kph in 7.2 seconds, with a top speed of 227kph. Th is version claims 4l/100km fuel consumption and 106g/km of CO2 emissions.

MINI has already presented a host of fea-tures for the Seven, such as light-emitting

diode headlights and fog lamps, two-zone automatic air conditioning, the MINI Visual Boost radio, the MINI navigation system and the MINI Connected in-car infotainment system.

Driver assistance functions include the MINI Head-Up display, a parking assistant with rear-view camera, a driving assistant with cruise control, road sign detection, plus a collision and pedestrian warning system with an initial brake function.

Navigation, infotainment, telephone and various vehicle functions can be controlled via an optional 8.8-inch colour screen.

Th e MINI Seven will be available in three- and fi ve-door models. Pricing is yet to be announced.

Note that MINI released a limited-edition Seven series in 2005. — AFP

MINI revisits the legendary Seven

ity, hat

the his es,

ne-ter,

as

ted W’s

of out r as m-les ing ent to-

e of ich

ere h, a aid 18, gn, ew

Prices and release dates of the new MINI Seven are yet to be announced. Photo by AFP

Hyundai aims to be in elite group of high-end cars with Genesis luxury driveAFTER poaching Bentley’s design chief last year, Hyundai Motor Co said on Monday it had also secured services of the luxury marque’s exterior designer.

Hyundai issued a statement saying Sangyup Lee will start work next month as its head of design, after Reuters reported the hiring of the Korean designer by the South Korean auto giant.

Lee is being brought in to work with Luc Donckerwolke, a Peruvian-born Bel-gian, to lead Hyundai’s development of its Genesis premium car brand — a project driven by Chung Euisun, heir-apparent to Hyundai Group.

“Lee will help ... enhance the de-sign competitiveness of both the Hyun-dai and Genesis brands with his abun-dant experience in designing high-end luxury vehicles,” Hyundai said in its statement.

“His challenging and innovative de-sign languages fi t well with the DNA of Hyundai Motor.”

Hyundai, which sells some eight million cars a year, sees limited growth unless it breaks into new markets, a person close to the automaker told Reuters. For the South Korean fi rm, that means premium cars, and maybe pickup trucks and parts of Southeast Asia.

Lee said he had joined Hyundai as a vice-president in charge of Hyundai and Genesis design, reporting to Doncker-wolke, who will head up Hyundai’s new

prestige design division, as well as being global head of Hyundai design — a reporting arrangement that Hyundai also confi rmed on Monday.

Bentley Motors Ltd spokesman Andrew Roberts confi rmed that Lee “has resigned from Bentley to take a position at another brand.”

Lee, 46, ran Bentley’s exterior design since 2012, having previously worked at Volkswa-gen Group’s design centre in California, and General Motors Co. He played a lead role in designing the Chevrolet Corvette, Stingray and Camaro — which featured in the Trans-formers movies — and Bentley’s Bentayga sport utility vehicle.

Clean sheetLee told Reuters the ex-Bentley design duo aim to make Genesis a recognised global premium brand as new disruptive technol-ogies such as autonomous, connected cars and alternative propulsion systems alter the auto design landscape.

“Because of these technologies, the car industry is about to hit a crossroads. Th e future is truly open,” he said. “It’s diffi cult to say if all the prestigious brands today will still be around in 10 to 20 years.”

Lee, who says he was fi rst approached by Hyundai two years ago, said he and Donck-erwolke plan to design Genesis cars from a “clean sheet of paper”.

“For decades, luxury brands such as Bentley, Aston Martin and Maserati have been about possession,” he said. “In the fu-ture, as disruptive technologies kick in, lux-ury is going to be about experience. People are going to look for a special experience rather than something special to own.”

Global legacyAs “mobility on demand” — the once fu-turistic concept of calling up a robot-car by smartphone — takes hold, Hyundai predicts many households in the United States, its biggest market, will no longer own two or three cars, but spend more on one car, said the person close to the company.

“That means upscale cars,” he said, adding that “profi tability-wise, the luxury segment is much better, too”.

Th at fi ts with Chung’s aspirations to not just drive the Genesis brand, but elevate the Hyundai name to an elite global cor-porate league alongside the likes of BMW, Boeing and Apple.

“Th at’s his legacy. ES (Euisun) wants to make Hyundai a truly globally recognised and respected company,” the person said.

Chung was involved with hiring both Donckerwolke and Lee, as well as Man-fred Fitzgerald, former brand and design director of Lamborghini, who was named earlier this year as head of Genesis, said another person with knowledge of the matter. — Reuters

Chung’s aspirations are to not just drive the Genesis brand, but elevate the Hyundai name to an elite global corporate league alongside the likes of BMW, Boeing and Apple. Photo by

Reuters

OVER a one-month period, 6,506 peo-ple sent Ford Motor Co applications to buy a carbon-fi bre Grand Tourer via its website www.fordgt.com.

Nearly 2,000 people used the site’s web app to choose among colours, wheels and interior themes, and build a “virtual” GT. Th ey were also able to share images of their customised GT on social media sites.

Ford said it is now reviewing appli-cations from those 6,506 applicants and will start notifying potential owners in the next 90 days.

When Ford announced the opening of the application period in April, the company said it would produce a limited number of the high-performance luxury cars and allow for selected applicants to personalise their cars through a new “concierge” service.

Prices are expected to start in the mid-US$400,000 (RM1.61 million), excluding the destination and delivery. Ford said it would take 500 orders for GT “super-cars” to be built in the fi rst two years of production. — AFP

Thousands apply to buy a Ford Gran Turismo ‘supercar’

6,506 people sent Ford an application to buy one of the 500 new GTs the company plans to build. Photo by AFP

1 8 W O R L D B U S I N E S S WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

I N BR I E FTaiwan reviews Tsinghua’s dealsContracts under intense scrutiny of new government

BY J R W U

TAIPEI: Taiwan has begun reviewing Chinese state-backed Tsinghua Uni-group’s proposals to buy stakes worth nearly US$1 billion (RM4.02 billion) in two domestic semiconductor compa-nies, putting the deals under intense scrutiny of a new government less friendly toward its giant neighbour.

A fi nal decision on Tsinghua’s par-tial acquisitions of chip testing and packaging fi rms Powertech Technol-ogy Inc and Chipmos Technologies Inc will be a test for the new gov-ernment of President Tsai Ing-wen, which takes offi ce on Friday. Tsai had earlier slammed Tsinghua’s proposals as a “huge threat” for Taiwan.

But given that the number of pro-posals by Tsinghua have dropped to two from three earlier and that the value of the total deal has more than halved, the chances of the proposals being approved have increased, industry executives say.

BY D AV I D S H E PA R D S O N

WASHINGTON: Japanese airbag manufacturer Takata Corp on Mon-day fi led reports with US auto safety regulators declaring nearly 14 million airbag infl ators defective.

Earlier this month, Takata said it would expand recalls for defective airbag infl ators by 35 million to 40 million in several tranches through 2019, adding to the 28.8 million re-called before May 4.

Monday’s recall of nearly 14 mil-lion infl ators is the fi rst tranche of the expansion announced on May 4.

Th is is the largest recall in US auto

Takata declares nearly 14 million US airbag infl ators defective

safety history. Malfunctioning Takata airbag infl ators can explode with too much force, sending shrapnel into vehicles. Th e issue has been linked to 13 deaths worldwide, and more than 100 injuries.

Takata said there are no reports of any ruptures or injuries linked to the infl ators involved in the most recent expansion, but agreed “out of an abundance of caution” to fi le the defect reports to promote public safety and in cooperation with US regulators.

Takata said it is aware “that reme-dy parts are not currently available for many of the vehicles containing in-

fl ators.” It has agreed to work closely with each manufacturer to develop a recall plan to focus on high-humidity areas where the risks are greatest.

Airbag infl ators made by Takata have shown an increased chance of malfunctioning, over time, when exposed to humidity.

Earlier this month, the National Highway Traffi c Safety Administra-tion said Tesla Motors Inc, Fisker Automotive and Jaguar Land Rover will recall Takata airbag inflators, bringing the number of automak-ers involved to 17, including Honda Motor Co, Ford Motor Co and Fiat Chrysler Automobiles NV . — Reuters

Billionaire Soros cuts US stocks by 37%, buys gold minerBY J E S S E R I S E B O R O U G H

& S A I J E L K I S H A N

NEW YORK: Billionaire George Soros cut his firm’s invest-ments in US stocks by more than a third in the fi rst quarter and bought a US$264 million (RM1.06 billion) stake in the world’s biggest bullion produc-er Barrick Gold Corp.

The value of Soros Fund Management’s publicly dis-closed holdings dropped by 37% to US$3.5 billion as of the end of the last quarter, accord-ing to a government fi ling on Monday. Soros acquired 1.7% of Barrick, making it the fi rm’s biggest US-listed holding. So-ros also disclosed owning call options on 1.05 million shares in the SPDR Gold Trust, an ex-change-traded fund that tracks the price of gold.

Soros, who built a US$24 billion fortune through savvy wagers on markets, has warned of risks stemming from Chi-na’s economy, arguing its debt-fuelled economy resembles the United States in 2007/2008, be-fore credit markets seized up and spurred a global recession. In January, the former hedge fund manager turned philan-thropist said a hard landing in China was “practically un-avoidable”, adding that such a slump would worsen global deflationary pressures, drag down stocks and boost US gov-ernment bonds.

Soros sold a stake in Level 3 Communications Inc, which was worth US$173 million as of Dec 31 and a holding in Dow Chemical Co that was worth US$161 million. The family offi ce also divested its stakes in Endo International plc and Delta Air Lines Inc.

Soros’s former chief strate-gist, billionaire investor Stan Druckenmiller, is also bullish on gold. Earlier this month, he called gold his largest currency allocation as central bankers experiment with the “absurd notion of negative interest rates”. — Bloomberg

BY R A H U L J A C O B

HONG KONG: When it comes to reducing its dependence on debt, China’s actions matter more than its words. Last week, the state-owned People’s Daily newspaper quoted an unnamed “authoritative fi gure” saying that the country’s high leverage was the “original sin”. Yet offi cial data released over the weekend confi rm debt is still rising while infrastructure and property investment are increasing at a rapid pace. Until the numbers show otherwise, it’s safe to assume Beijing is still focused on growth.

On the surface, recent credit

Money trail shows China sticking to bad habitsdata suggests that China’s econ-omy has entered debt rehab. New total social fi nancing (TSF), a widely used barometer of in-vestment, was 751 billion yuan (RM462.3 billion) in April, down sharply from 2.3 trillion yuan in March. New loans fell to 564 bil-lion yuan from 1.3 trillion yuan in the previous month. Th is appeared to confi rm speculation that the interview, published in People’s Daily on May 9, had signalled a high-level shift in policy.

Yet a closer look at the numbers shows the story remains much as before. Th e TSF numbers don’t in-clude a monthly record of one tril-

lion yuan of new local government bonds, most of which were issued as part of a scheme to swap bank loans for longer-term securities. Add these back in and UBS calcu-lates that overall credit in China grew 17% year-on-year. Th at’s far too high for an economy where nominal gross domestic product is growing at about half that pace.

Moreover, the new money is still pouring into the same areas that gave China years of lopsid-ed growth. Property prices have risen sharply in prime cities such as Shanghai and Shenzhen. Con-struction starts were 21.4% higher measured by fl oor space in the fi rst

four months of 2016 than a year ago, China’s National Bureau of Statistics said on Saturday.

Even though infrastructure spending slowed slightly, it still increased by 21% year-on-year in April, with investment in utilities growing at an even faster pace, according to UBS. Meanwhile, private sector fi rms complain of a shortage of credit.

To rebalance China’s economy, Beijing needs to direct capital to areas that can generate better re-turns. For now, the numbers show no sign of that happening. Th en again, renouncing original sins was never going to be easy. — Reuters

Eldorado to exitmainland with US$600m sale to Yintai ResourcesTORONTO: Eldorado Gold Corp, the largest foreign pro-ducer of gold in China, agreed to sell its remaining assets in the country for US$600 million (RM2.41 billion) to focus on developing mines in Europe. The Vancouver-based com-pany will sell its interests in the White Mountain and Tan-jianshan mines and the East-ern Dragon project to Yintai Resources Co in a cash deal expected to close in the sec-ond half, it said on Monday in a statement. Eldorado said it will use the proceeds from China to grow its business. “We look forward to closing the sale of both transactions and ad-vancing our internal project pipeline,” chief executive of-fi cer Paul Wright said in the statement. — Bloomberg

Italian establishment launches counter-bid for RCS MediagroupMILAN: Italy’s corporate es-tablishment rushed to the de-fence of the country’s most infl uential publisher on Mon-day with the launch of a take-over off er for RCS Mediagroup aimed at preventing it falling into the hands of an ambitious media tycoon. The consor-tium, including investment bank Mediobanca and tyre maker Pirelli, has off ered to pay €776 million (RM3.53 bil-lion), including debt, for the publisher of Corriere della Sera, Italy’s top-selling main-stream newspaper. Th e cash bid trumps an off er from Cai-ro Communications, which is headed by Urbano Cairo.

Saudi Arabia’s largest lender plans overseas forays — chairmanJAKARTA: Saudi Arabia’s larg-est lender by assets, Nation-al Commercial Bank (NCB), plans to expand overseas, growing its Turkey franchise while exploring new markets including Malaysia, Indonesia and Egypt, its chairman told Reuters. Th e move could break the mould of the kingdom’s banking sector, which hosts a range of large and well-capi-talised fi nancial institutions but which have traditionally focused on serving the domes-tic market. — Reuters

‘China takes steps to slow exodus of processing trade exporters’ BEIJING: China will take steps to stem the outfl ow of process-ing trade businesses to other countries by encouraging them to move to its central and west-ern regions where labour costs are lower, a spokesman for the commerce ministry said yester-day. China will use diff erentiat-ed policies including reserving land for the processing trade in some other parts of the country, ministry of commerce spokes-man Shen Danyang said in a news conference. — Reuters

Th e results of the review process won’t be known for some months.

“We have asked for more infor-mation, both involving basic and key issues,” a representative of the island’s Investment Commission, which reviews major inbound and outbound investments involving Taiwanese companies, told Reu-ters, without elaborating on what the issues were.

Tsinghua Unigroup submitted

its applications about a month ago but the review process didn’t begin until after Siliconware Precision In-dustries Co Ltd, a third Taiwanese chip test and packager, announced it was terminating a similar deal with the Chinese investor at the end of April, people familiar with the deals said.

“It categorically kicks off the re-view process,” said David W Wang, a Chipmos vice-president. — Reuters

The logo of Tsinghua Unigroup is seen at its offi ce in Beijing. Tsai had earlier slammed Tsinghua’s proposals as a ‘huge threat’ for Taiwan. Photo by Reuters

W O R L D 1 9WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Philippines detains 25 Chinese, Vietnamese fi shermenMANIL A: Philippine an-ti-poaching patrols have de-tained two Chinese and three Vietnamese fishing vessels along with more than three dozen crew members in the extreme north of the coun-try, officials said yesterday. Th e arrests near tiny islands off the main island of Luzon came as a maritime dispute between Manila and Beijing simmers in the South Chi-na Sea. Two Chinese fi shing vessels that were fraudulently fl ying the Philippine fl ag were detained along with their 25 crew members off the island of Sabtang on Monday, coast-guard and fi sheries offi cials told AFP. — AFP

Five die cleaningwell in parchedIndian villageNEW DELHI: Five low-caste villagers have died trying to revive an unused well in a parched region of northern India, police said yesterday, as the country reels under one of the worst droughts on re-cord. Th e fi ve men, from In-dia’s lowest Dalit caste, were killed by toxic gas in the pit of the well in Haryana state’s Jind district on Monday when they went in to clean it. “Th e well had not been in use for about fi ve to six years and a poisonous gas had formed in its depths. The five men inhaled that and died,” local deputy police chief Virender Singh told AFP. — AFP

12 Indonesians dead after drinking bootleg alcoholJAKARTA: Twelve Indonesian men have died after drink-ing bootleg liquor, police said yesterday, the latest deaths in the Muslim-majority country caused by home-made alco-hol. Th e victims died in Bantul district in the main island of Java in recent days, said local police spokeswoman Anny Pudjiastuti. Four other people are in hospital after drinking the liquor, she said. A man suspected of selling the al-cohol has been arrested in Bantul, which is in Central Java, and 81 bottles of liquor confi scated. — AFP

Shoot-out between biker gangs woundsfour in ArgentinaBUENOS AIRES: A shoot-out between two motorcycle gangs left four people wounded in Argentina, authorities said on Monday, evoking scenes remi-niscent of a Hollywood outlaw biker movie transplanted to the South American plains. Some 150 bullets were fi red outside a highway gas station as the Argentine chapter of the Hells Angels faced off against another local gang, Los Te-huelches, named for an in-digenous group native to the region, offi cials said. — AFP

I N BR I E F

China’s No 3 leader to ‘listen’ to HK demands As independence calls grow

BY C L A R E B A L D W I N

MANILA: A plan by Philippine president-elect Rodrigo Duterte to restore the death penalty fac-es strong opposition, includ-ing from the dominant Roman Catholic Church, offi cials and analysts said yesterday. The tough-talking politician vowed on Monday to introduce execu-tions by hanging after he takes offi ce on June 30 as part of a ruthless law-and-order crack-down that would also include ordering military snipers to kill suspected criminals.

After putting to death seven convicted criminals by lethal injection in 1999 to 2000, the Philippines abolished the death penalty in 2006 following stiff opposition from the Catholic Church, the religion of 80% of Filipinos.

“As people of faith, we do not adhere to capital punishment be-cause we do not have the right to judge who should live and who should die,” said Father Lito Jop-son, head of the Catholic bishops’ communications offi ce.

Duterte’s landslide May 9 election victory does not sway the bishops’ stance, Jopson told AFP.

“It is not based on popular-ity ... but rather on complete moral principles of the Catho-lic faith, and faith demands we respect all persons’ human dignity,” Jopson said.

Duterte said he would ask Congress to reintroduce cap-ital punishment for drug traf-fi cking, rape, murder, robbery and kidnapping-for-ransom, among other off ences.

While many newly elect-ed members of Congress have joined Duterte’s ruling coali-tion, passing such a law is by no means assured, political science professor Javad Hey-darian of Manila’s De La Salle University told AFP.

“Duterte at this point has tremendous political capital and crime-busting is the cen-trepiece of his campaign,” Hey-darian said.

“But he will face major pushback by human rights groups, the Catholic Church and likely ... the outgoing Pres-ident (Benigno Aquino), who once described his successor as a dictator in the making,” the professor added. — AFP

Duterte’s death-by-hanging plan faces Philippine hurdle

HONG KONG: A top ranked Chi-nese offi cial began a rare visit to Hong Kong yesterday vowing to lis-ten to residents’ political concerns, seeking to address increasingly strident calls in the city for greater autonomy or even independence from the mainland.

Th e visit by Zhang Dejiang, the fi rst by a senior Chinese fi gure since the 2014 Occupy democracy pro-tests, was officially to attend an economic summit.

However, his first comments addressed the hot button politi-cal issue of Hong Kong’s relation-ship with China, a topic that has sparked fi erce debate in the Asian fi nancial hub.

“[I will listen to] all sectors of society’s suggestions and de-mands on how ... the country and Hong Kong should devel-op,” Zhang told reporters at Hong Kong airport.

Following the unsuccessful Oc-cupy protests of 2014, a handful of activists have been calling for an outright breakaway from China, a move some say would imperil Hong Kong’s economic and polit-ical future.

“Th ese young people have no idea that they could be putting Hong Kong on a potentially dan-gerous collision course with the motherland and bringing an un-mitigated disaster,” wrote former top Hong Kong security official Regina Ip in a recent editorial in the state-run China Daily.

BEIJING: Th e mayhem of China’s Cultural Revolution will never be repeated, state-run media said yesterday, breaking their silence after the 50th anniversary of its start saw little state-sanctioned discussion.

May 16 marked half a century since the 1966 internal Communist party declaration of the movement, which left chaos in its wake and trans-

formed China’s political landscape.Th e Communist party restricts

discussion of the period to pre-vent undermining the legitimacy of its rule, with many social media comments censored on Monday and most domestic news outlets glossing over the anniversary in their coverage.

Many critics yearn for a full historical reckoning and say that

without it the carnage risks being repeated in future, but the state-run Global Times said doing so was unnecessary.

“We have bid farewell to the Cultural Revolution,” it said in an editorial yesterday. “We can say it once again today that the Cultur-al Revolution cannot and will not come back. Th ere is no place for it in today’s China.”

Th e People’s Daily, the offi cial mouthpiece of the ruling party, which did not mention the anni-versary on the day itself, said the country had learned from the event and already moved on.

China “will not and must never again allow an error like the Cul-tural Revolution”, it said, deeming the campaign “entirely wrong in both theory and practice”. — AFP

Tensions in the city are high, with thousands of police mobilised for Zhang’s visit.

Local media reported pavement bricks were being glued down to quell the prospect of violent pro-tests while police were camping atop a mountain where a pro-de-mocracy banner was hung two years ago.

A banner demanding “true universal suff rage” was hung on a diff erent mountaintop yesterday morning.

“[We] are facing a very great threat from China: Our culture, our language, our people ... we are

dying!” Chan Ho-tin, the head of the newly formed National party, told Reuters.

Joshua Wong, another promi-nent young activist who launched a new political party called Dem-osisto this year, wouldn’t rule out taking an independence line in upcoming campaigns.

“The problem with young peo-ple is that they are not 100% pre-occupied with economic con-siderations,” said Michael Tien, a Hong Kong delegate to China’s parliament, the National People’s Congress, which Zhang heads. — Reuters

Zhang speaking beside Hong Kong Chief Executive Leung Chun-ying (left) upon arrival in Hong Kong, yesterday. Photo by Reuters

‘Never again, after Cultural Revolution’

SYDNEY: An 18-year-old man was arrested in Sydney yesterday over an alleged “imminent” terror plot, as police raided properties in Mel-bourne in a separate counterterror-ism operation, offi cials said.

Australian Federal Police claimed the teenager was scout-ing possible sites in Sydney to un-dertake an attack while at the same time trying to acquire a fi rearm.

In February, he had been stopped at Sydney airport as he attempted to leave for Syria, de-spite his passport being cancelled, to allegedly fi ght overseas with ji-hadist groups.

“Since that time, he has been un-der the surveillance of the relevant authorities who have decided this morning (yesterday) to act to pre-vent an imminent terrorist event,”

Attorney-General George Brandis told reporters, without giving pre-cise details of potential targets.

Th e teen, from Sydney, was ex-pected to be charged with acting in preparation for, or planning, a terrorist act, which has a maximum penalty of life in prison.

He will also likely be charged with “preparing for an act of for-eign incursion”. — AFP

Teen arrested over alleged Sydney terror plot

2 0 W O R L D WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Cuba and US draw up road map for talks to deepen detenteHAVANA: Cuba and the US aim to reach new agreements on cooperation in law enforce-ment, health and agriculture over the coming months, a senior Cuban official said on Monday. The Commu-nist-ruled island and its north-ern neighbour re-established diplomatic relations a year ago after decades of hostility and have since signed deals on the environment, postal services and direct fl ights. A bilateral commission met on Monday in Havana to establish a road map for talks over the rest of this year, which would include more high-ranking offi cial vis-its, said Josefi na Vidal, head of the Cuban delegation. — Reuters

Iran MPs want US to pay damages for ‘hostile action’TEHRAN: Iran’s Parliament yesterday voted through a law obliging the government to de-mand damages from the US for 63 years of “hostile action and crimes”, state television reported. Parliament did not specify a sum, but Vice Presi-dent Majid Ansari said during the debate that “Iranian courts have already ruled that the US pay US$50 billion (RM201 bil-lion) in damages for its hostile actions” towards the country. Th e law was passed by the con-servative-dominated outgoing Parliament in response to a US Supreme Court decision last month. — AFP

Court orders Mississippi town to desegregate schoolsWASHINGTON: A US federal court has ordered a Mississippi town to desegregate its schools by consolidating them after a 50-year battle to maintain de facto racial segregation, offi -cials said on Monday. Black and white students in middle and high school in the town of Cleveland, Mississippi are largely separated. “Th is deci-sion serves as a reminder to districts that delaying desegre-gation obligations is both unac-ceptable and unconstitutional,” said Vanita Gupta, head of the Justice Department’s civil rights division. — AFP

Americans warned against travel to North KoreaWASHINGTON: Th e State De-partment has urged Americans to avoid all travel to North Ko-rea, warning that US citizens making the trip risk long and “unduly harsh” imprisonment if they fall foul of laws in the hermit state. In one recent well-publicised case, 21-year old American student Otto Warmbier was arrested in Jan-uary for allegedly stealing a propaganda sign from a tour-ist hotel in Pyongyang. He was sentenced in March to 15 years’ hard labour. — AFP

I N BR I E FWorld powers meet to save Syria’s peace hopesBut US and Russia are at odds with President Assad’s future role in the country

BY D AV E C L A R K

PARIS: French President Fran-cois Hollande yesterday said he would not withdraw the labour market reforms, which have sparked two months of street protests and led to an unsuc-cessful attempt to bring down the government.

“I will not give way because too many [previous] govern-ments have backed down,” the president said in an hour-long interview with Europe 1 radio.

France is facing a week of strikes in protest at a package of reforms the government says will make the notoriously rigid labour market more fl exible, but which opponents say will erode job security.

Hollande said he defended the right of people to protest, but insisted the reforms were necessary.

Hollande also promised tougher action against trou-blemakers, who have infi ltrat-ed street protests against the reforms, damaged property and provoked confrontation with riot police.

Th e Socialist government last week survived a vote of no-con-fi dence, which was called by the centre-right opposition, after it forced through the labour mar-ket reform bill without Parlia-ment’s approval.

Many unions and student groups say the reform will do little to address France’s job-less rate, which has been stuck at 10% overall, and nearly 25% for young people.

Hollande, who has some of the lowest poll ratings of any post-war French president, has said he will decide by the end of the year whether to stand for re-election next May. — AFP

French president says won’t back down on labour market reform

VIENNA: Senior envoys from world and regional powers gathered once again in Vienna yesterday in an ef-fort to salvage stumbling eff orts to halt Syria’s civil war.

US Secretary of State John Kerry and Russia’s Foreign Minister Sergei Lavrov — diplomacy’s odd couple, at loggerheads over much else in the world — are chairing the meeting, which began shortly after 0700 GMT.

At the gathering, the 17-nation International Syria Support Group (ISSG) will renew its call for a na-

WASHINGTON: Th e Islamic State (IS) group has continued losing control over territory across Iraq and Syria, a Pentagon spokesman said on Monday, including almost half of what it had once held in Iraq.

The defense department had previously estimated that IS fi ght-ers had lost control of about 40% of the territory they claimed in Iraq and about 10% of the land they held in Syria.

Th ose tallies had gone up in re-

cent weeks, Pentagon spokesman Peter Cook said.

“Th e number right now in Iraq is about 45% of the territory they once held has been recovered,” Cook said.

“The number in Syria is any-where between 16% and 20%.”

IS jihadists stormed across large parts of Iraq and Syria in early 2014, meeting little resistance from Iraqi security forces and exploiting the chaos in civil-war-torn Syria.

Since August 2014, the United States has led an international co-alition fi ghting back against the IS group, using a combination of air strikes and training and equipping local partners.

IS fi ghters have lost control of Ramadi and Heet in Iraq, but still control other important cities in-cluding Mosul and Fallujah.

In Syria, the group maintains control of Raqa, the capital of their so-called caliphate. — AFP

MEXICO CITY: A Mexican judge has approved a second US extradi-tion request for drug lord Joaquin “El Chapo” Guzman, offi cials said on Monday, giving the government about a month to confi rm the de-cision.

A Mexico City judge ruled last Friday in favour of the request, based on drug traffi cking, money launder-ing and murder charges lodged in a US federal court in Texas, the Ju-dicial Council said in a statement.

The foreign ministry said on Monday it received the judge’s ruling and said it now has 20 working days to decide whether to extradite the Sinaloa drug cartel kingpin.

Guzman’s lawyers would then have 30 days to fi le an appeal.

Earlier this month, a judge en-dorsed an extradition request based on cocaine charges in California, but the foreign ministry has yet to issue a decision on that ruling.

Refugio has vowed to fi ght ex-tradition unless US authorities ne-gotiate good prison conditions for Guzman.

But a US government offi cial has

tionwide ceasefi re and immediate humanitarian access to besieged areas.

But headaches were likely to per-sist over the third plank of the plan — a call for Syrian President Bashar al-Assad’s regime and the rebels to agree on a framework for a political transition.

US offi cials travelling with Kerry say Washington still insists Assad should go, with an Aug 1 deadline for settling on the framework under which he does so.

But the Syrian president, bol-stered by military support from Rus-

sia and Iran, has shown no sign he is prepared to leave.

“Th ere is no lasting future for Syr-ia with Assad,” said German Foreign Minister Frank-Walter Steinmeier as he arrived for the Vienna talks.

“Th at’s why we need to discuss, under the auspices of the UN, what a transition government could look like and put things on the right track,” he added.

“Th e target for August is to have a framework in place, a frame-work agreed, for a political tran-sition,” a senior State Department official told reporters in Vienna

ahead of the meeting.Th e opposition coalition, the offi -

cial said, had been more open about how they would like to see the deal negotiated but Assad’s people — while publicly backing talks — have not engaged.

“The regime is just not there, and I think that’s really the key to it,” he said.

This is a key that can only be turned by Russia, if at all. Moscow, Assad’s key foreign backer, supports the ISSG platform on paper, but backs Syrian government forces on the ground. — AFP

IS has lost nearly half the area it once claimed in Iraq — Pentagon

Second US extradition order for El ChapoBY L E T I C I A P I N E D A

Joaquin “El Chapo” Guzman

1993 Captured on Mexico’s borderwith Guatemala and jailed

Extradition of recaptured narcotics kingpin could take more than a year

Head of Sinaloa drug cartel

2001 Escapes from Fuente Grandemaximum security jail hiddenin a basket of dirty laundry

2014 Recaptured after 13 yearson the run

2015 July 11, escapes from Altiplano jail

October, believed to have given an interview to United States actorSean Penn

2016 January 8, recaptured inLos Mochis, returned toAltiplano

January 10, Mexico launches extradition process to the United States

May 7, transferedto Ciudad Juarez onUS border

“El Chapo” 58 years oldWanted by USauthorities fordrug trafficking and homicide

Source: Stratfor

Mexican drug lord wanted in the US

Tijuana

Nogales

NuevoLaredo

Tampico

GUATEMALA

FromAsia

From Colombia

From Colombia,Venezuela and Brazil

Manzanillo

Reynosa

CaribbeanSea

Veracruz

Acapulco

MEXICOCITY

Culiacan

Hermosillo

CiudadObregon

Merida Cancun

Northwest

Main crime groups in MexicoZones of influence

The main drug routes

400 km

Lazaro Cardenas

UNITED STATES

PACIFICOCEAN

Sinaloa, plus remnants of the Beltran Leyva Organization

Southeast

Los Mochis

CuidadJaurez

Jalisco Nueva Generacion, Knights Templar, Los Rojos, Guerreros Unidos, Los Viagras

NortheastLos Zetas, Cartel del golfo

Altiplano maximumsecurity prison

Torreon

Mazatlan

told AFP that there would be no deals made with Guzman and that US authorities expect the extradition to happen in several months, or by the end of the year.

Guzman, who has escaped twice from maximum-security prisons, was unexpectedly transferred on May 7 from a lock-up near Mexi-

co City to a penitentiary in Ciudad Juarez, at the US border.

His transfer raised speculation that his extradition was imminent, but Mexican authorities said it was due to security upgrades at the Alti-plano prison, from where Guzman had escaped in July 2015 before his recapture in January. — AFP

F O C U S 2 1WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Saudi Arabia’s Treasuries holdings are unveiledData disclosed in response to Freedom-of-Information Act request

BY A N D R E A W O N G

BY S I VA G O V I N D A S A MY

LOWCOST airline groups and manufacturers of smaller passen-ger aircraft will be among the main winners after Southeast Asia’s open skies agreement fi nally came into eff ect last month, although airport capacity constraints could limit the benefi ts.

Ratifi cation of the Association of Southeast Asian Nations (Asean) open skies agreements by Indo-nesia and Laos in April lifts restric-tions on capacity and competition, allowing airlines to launch unlim-ited fl ights from their home to any point in the region subject to airport slot availability.

Hubs like Singapore, which have a clear expansion plan, could gain from an increase in air services, as will budget carriers which are ideal for a region where no two points are more than a few hours apart, say analysts.

Budget airlines set to soar in Southeast Asia’s open skies

One of the great mys-teries of the US$13.4 trillion (RM53.87 tril-lion) Treasuries mar-ket has been solved af-ter more than 41 years.

The Treasury Department on Monday released a breakdown of Saudi Arabia’s holdings of US debt, ending a long-standing policy of keeping the fi gures secret. Th e stockpile of the world’s biggest oil exporter stood at US$116.8 billion as of March, up from US$82.7 bil-lion two years earlier, according to data disclosed in response to a Freedom-of-Information Act re-quest fi led by Bloomberg News.

The sum ranks the kingdom among the top dozen foreign na-tions in terms of holdings of US debt, and compares with China’s US$1.2 trillion trove, and US$1.1 trillion for Japan.

Th e US had kept the monarchy’s holdings under wraps since 1974, an unusual blackout born out of the aftermath of the Arab oil embargo, when a surge in crude prices left the American economy reeling and the US struggling to lure petrodollars. Now the question of Saudi hold-ings is gaining importance as the monarchy faces fi scal pressure from the decline in oil prices since 2014 and costly wars in the Middle East.

‘Very valuable’“It is very valuable information,” said John Herrmann, director of US rate strategy at Mitsubishi UFJ Securities USA in New York. “It just

“Airlines can launch any num-ber of international fl ights as the market can support,” said Alan Tan, an aviation law professor at the National University of Singa-pore. “Travellers can thus look forward to more fl ights at more competitive prices.”

Dominant low-cost airlines like Malaysia’s AirAsia , Indonesia’s Lion Air, and Philippine carrier Cebu Pacifi c plan to do just that.

AirAsia, for example, wants more international fl ights from the Phil-ippines and Indonesia, a spokes-woman said. Th is will help its af-fi liates, which have found it tough to break into the domestic market in those countries.

“Improved connectivity in the region will be a boon to tourism and strengthen Asean as an economic union,” the spokeswoman said.

Full-service airlines like Thai Airways, Garuda Indonesia and Philippine Airlines, which have

lost market share to budget carriers over the last decade, say they plan to use their long-haul network to connect passengers to their South-east Asia services.

Th e Singapore Airlines group has an additional advantage, given its ability to operate services using two premium brands and two low-fare subsidiaries, analysts say.

Th e opening up of regional desti-nations can also boost manufactur-ers of 70-130 seater aircraft, like Bra-zil’s Embraer , Canada’s Bombardier and ATR, a joint venture between Airbus and Italy’s Finmeccanica.

These planes can serve some routes more profitably than the larger Airbus A320s and Boeing 737s, they say.

“Many of the region’s airlines are beginning to recognise the potential advantage of right-sizing and the ratifi cation of Asean open skies, we feel, will simply accelerate the process,” said Mark Dunnachie,

who leads Embraer’s aircraft sales in the Asia-Pacifi c.

Hubs limit growthWhile there will clearly be winners from the open skies deal, the full gains could be limited by airport constraints.

Bangkok’s Suvarnabhumi Air-port, Ninoy Aquino International Airport in Manila, and Jakarta’s Soekarno-Hatta International Air-port serve Southeast Asia’s three biggest domestic markets of Th ai-land, the Philippines and Indonesia respectively.

All have reached full capacity with congestion and delays the norm, creating spillover problems for smaller airports in those coun-tries as well.

“Unlimited flight capacity is meaningless if airport and slot congestion remains unaddressed by governments,” Tan said.

Singapore’s Changi Airport is

the exception. Despite having rel-atively little domestic traffi c, it has three terminals which can handle 66 million passengers and served 55 million in 2015, the most in South-east Asia. Work has begun on two more terminals.

Such long-term national avi-ation policies are needed due to the lengthy gestation period for terminals and runways, said Vi-noop Goel, Asia-Pacifi c director for airports at the International Air Transport Association (IATA), a global airline trade body.

IATA estimates that Asean coun-tries can add almost 25 million jobs and US$298 billion (RM1.2 trillion) to the region’s gross domestic prod-uct (GDP) by 2035 if they invest in aviation infrastructure. Th is is up from 11.6 million jobs and US$144.4 billion to GDP in 2014.

“Clearly, failing to tackle airport infrastructure will have an eco-nomic cost,” Goel said. — Reuters

seemed like it was sort of a gen-tlemen’s agreement not to break it out — Th ey’re an ally. Conceal their holdings, keep them as an ally. It’s important to know how much the Saudis have and just monitor it now the way we monitor other accounts.”

In the past year, Saudi Arabia burned through 16% of foreign-ex-change reserves to bridge its big-gest budget shortfall in a quarter century, according to data from the nation’s central bank. Th e signs of strain are prompting concern over Saudi Arabia’s potential infl uence on the world’s largest and most important bond market.

Yet Monday’s disclosure may bring more questions than answers, because the tally represents only about 20% of Saudi Arabia’s US$587 billion of foreign reserves, and central banks typically put about two-thirds of their coff ers in dollars, according to International Monetary Fund data.

‘Secretive’ fi nancesSome nations accumulate Treas-uries in off shore fi nancial centres, meaning the holdings show up un-der data of other countries. For ex-ample, Belgium, which held US$143 billion of US government debt as of February, is home to Chinese cus-todial accounts, analysts say.

“Th e politics has always been secretive, so have their fi nances,” said David Ottaway, a Middle East Fellow at the Woodrow Wilson In-ternational Center, a research insti-tute in Washington. Th e Treasury’s fi gure for Saudi Arabia “is surpris-ingly not that much.” — Bloomberg

SINCE the US started releasing data on foreign ownership of Treasuries in 1974, the Treasury’s policy had been to group Saudi holdings with 14 other mostly Organization of Petrol Exporting Countries (Opec) nations, including Kuwait, Nige-ria and the United Arab Emirates, Bloomberg reported in January. Th e group held US$281 billion as of February, down from a record of US$298.4 billion in July.

“We recently undertook a thor-ough data and legal analysis to de-termine if we could report data in a more comprehensive and trans-parent fashion,” Whitney Smith, a

Treasury spokeswoman, said in an emailed statement. “We concluded that it was consistent with trans-parency and the law to disclose the data in a disaggregated fashion.”

Tally questionIn a sign that Treasury’s fi gures on the kingdom’s ownership may fall short of the full tally, the New York Times reported last month that Saudi offi -cials threatened to sell US$750 billion of Treasuries and other assets in the US if Congress enacts a bill allowing the monarchy to be held responsi-ble in American courts for any role in the Sept 11, 2001 terror attacks.

Calls and emails to the Saudi Finance Ministry and the Saudi Arabian Monetary Agency outside of regular working hours weren’t answered or returned.

Following is information on US debt holdings of the oil-producing nations for which the US Treas-ury Department released data on Monday: Saudi Arabia US$116.8 billion, United Arab Emirates US$62.5 billion, Kuwait US$31.2 billion, Oman US$15.9 billion, Iraq US$13.4 billion, Qatar US$3.7 billion, Nigeria US$3.1 billion, Bahrain US$1.2 billion and Alge-ria US$0.7 billion. — Bloomberg

The kingdom’s Treasuries tally poses fresh puzzle

22 live it! W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY WE

WItheof waSpdethesto

ouhis— difof hinttisttwi

terstanewstyflowdeslag

scrannewbaga ystuibl

WRITING A NEW CHAPTER

PAC

W

B

BY M A E C H A N

Jazz virtuoso Michael Veerapen on playing, composing and growing a new generation of musicians

While his distinguished standing in the Malaysian jazz scene is undisputable, Michael Veera-pen’s status as a composer is considerably low profile. In fact, the veteran musician is a prolific

composer, which audiences will be able to witness and enjoy at his upcoming gig at Alexis Bistro Am-pang, where he will be staging a repertoire of solely original works with his eponymously named trio.

Perhaps unusual for one of the best jazz pianist in the region, Veerapen has only ever released one studio album, back in 1995. Yet those familiar with

the lanky musician and his calm presence would attest that it is not at all surprising. Meeting

over lunch one afternoon at Decanter, Bukit Damansara, he provides some insight into the composing side of his work.

“I actually did it for my father,” says Veer-apen of his album. “My father loved my playing, and with the album he could hear me play when I’m not performing live.” Th e pianist has credited his parents for their instrumental support in his career, with the story of his father enrolling him in Berklee College of Music back in the late ‘70s.

Personally, he is less keen on go-ing into a studio with his own works. “Some like to put themselves into an album. I guess I just didn’t have the time,” he contemplates. “And doing an album is very hard … you have to be able to commit to being able to say ‘Okay, that’s it’.”

Th at is the biggest obstacle for Veerapen, who admits that he doesn’t like the idea of a fi -nite touch in his work. “Because

I think I am going to be diff erent tomorrow.” Th at is why he loves

playing music live, where there is no opportuni-

ty for retakes. “It’s today, it’s now.

And the chal-lenge is to ex-ecute excel-lence in one go.”

Veerapen is also can-did that he sees no rea-son why he should put out more a l b u m s .

“For me, my jazz is for me. I get as much pleasure practising at home, and knowing that I can do it, is satisfying enough for me,” he states. Th e pianist also prefers intimate club gigs than say, festivals or big concerts. “My music is not the ‘shouting’ type, and you have to shout to grab attention in a big crowd,” he adds.

He smiles at the mention of how antithetical that notion is for a performer in a creative industry. “It’s true. But to enjoy what I do, and to want to do my best, that’s basically what makes me tick,” Veerapen points out. Open about his Christian faith, Veerapen says that his music is secondary to his faith. “I take my measure from how well I’m serving God. Music only makes sense to me because it was a gift given to me. So I have to do well with it,” he emphasises.

On that note, Veerapen points out that the trio will be performing new compositions this weekend, mostly composed to fi t the capabilities and styles of guitarist Daniel Foong, and drummer Steve Nanda. “Th ey are songs of me now. Maybe just one or two from the past, but done with a new angle. Th ese are songs probably composed from just last year alone,” says the pianist.

Where he is blasé about the idea of recognition and career ambition, Veerapen is correspondingly passionate about growing as a musician. It is com-mon to fi nd him playing second fi ddle to a young singer, or collaborating with unknown musicians. Foong and Nanda are two young musicians who Veerapen has come to regularly play with as part of a trio. “Th ey are the hottest musicians in town right now, and they’ve been playing with me for fi ve to six years. Th ey are hugely gifted, and it’s because they can do these amazing things that makes me want to write! Th at process is very energising, I enjoy them,” says Veerapen.

Giving an analogy of wanting apples where there are none, he says the next best thing is to plant apple trees. And it is widely acknowledged in the Malay-sian jazz scene that Veerapen is a generous musi-cian. Choosing to return home right after his fi nal class in Berklee, Veerapen has been instrumental in imparting and raising the professional standards and music literacy of a generation of Malaysian musicians, alongside some of his contemporaries.

“If I want to play with the kind of musicians whom I want to play with, then I have to grow them. You reap what you sow, that’s the divine principle,” he shrugs matter-of-factly. Veerapen says the best legacy that has continued for Malaysian jazz has been the culture of unity and community built over the years.

“I think the younger musicians have shown me what I’ve always believed in — that we have a breed of professionally qualifi ed and gifted talents. I want to see it grow that way,” sums Veerapen. And he’s not resting on his laurels, currently pursuing a PhD in music at Universiti Sains Malaysia for the next three years, he admits never being satisfi ed. “My goal is always to be better next year than I am this year. And I think I’ve achieved that. Th at’s why writ-ing music challenges me. It challenges my fl uency. I don’t want to be stagnant.”

Th e Michael Veerapen Trio — Originals showcase will be held at Alexis Bistro Ampang on Friday and Saturday at 10pm. Cover charge is RM10. To book ahead, call (03) 4260 2288.

Veerapen: If I want to play with the kind of musicians whom I want to play with, then I have to grow them. You reap what you sow, that’s the divine principle. Photo by Haris

Hassan

live it! 23

W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

WIDELY regarded as one of the greatest artists of the 20th century, Pablo Picasso changed the world of art forever with his extraordinary talent, which was evident since his childhood days. For the 2016 Spring/Summer fashion season, Bonia’s resident designer Pepe Torres decided to continue with the brand’s play on art with inspiration from the storied Spanish artist.

Going through Picasso’s artistic periods through-out his life, Bonia has innovated their own take on his Blue, Rose, Africa, Cubism and Crystal periods — during each, the famed artist experimented with different styles and techniques, much to the delight of his fans. Torres paints moments of Picasso’s life into Bonia’s edgy designs, fused with his own ar-tistic bent. The result is a chic and contemporary twist on Picasso’s sense of surrealism.

From quirky prints on handbags to bright, wa-tercolour-inspired colours and floral prints, Bonia stays true to its roots while bringing in a brand new dimension inspired by Picasso’s neoclassical style. Shoes sport quirky trinkets such as little pink flowers, and handbags showcase colourful collage designs — Picasso is credited for co-inventing col-lage, which is seen extensively in his works.

‘Blonde, sunny, and bright’ was how Picasso de-scribed Marie-Thérèse Walter, his longtime lover; and this enchanting lady was who inspired Bonia’s new studded and weaved Annelise collection of bags. Its red woven leather signifies the passion of a young lady. The bags are adorned with golden studs and chain-strap that suggesting her irresist-ible charm that captivated Picasso.

Cubism is one of the most influential visual art

styles that was created by Picasso; and contrast is one of the most conspicuous elements of this art form. Boldly decorated genuine leather with handmade cross-stitching, bags in the Sonia line is a remarkable combination of Bonia’s elegance and the unforgettable artistry of Picasso.

The new Blossoms line showcases white and red leather decorated with colourful flowers on handbags and shoes. Men’s shoes, on the other hand, is created using an imaginative style of art inspired by Picasso’s War and Peace. Just like the painter capturing the world’s dark side, Bonia has created a reflection of chaos. Black leather with spots, these slip-on shoes bear a strong resem-blance of fire windstorm in the dark; while the calf leather-made shoes bear a faint resemblance of dauntless soldiers and their armour, protecting the lives of civilians.

Bonia’s new Spring/Summer collection is now available at retailers nationwide and online at www.bonia.com.

PICK OF THE DAY

STYLE BY S U A N N Q UA H

PersonalASSISTANTC O M P I L E D BY S H A L I N I Y E A P

W O R K . L I F E . B A L A N C E

REDISCOVER our nation’s history and com-memorate International Museum Day today. For one day only, the Museum Department of Malaysia is off ering free entry to 22 museums across the country. Pick a museum near you or make your way to the National Museum at Jalan Damansara, Kuala Lumpur between 9am and 6pm today. Visit www.jmm.gov.my, www.muziumnegara.gov.my or call (03) 2267 1111 for more information.

LEARN all about acrylic painting today by at-tending a painting class by Th Inc Academy. The class will include an introduction to acrylic painting techniques before you get to sketch your design and learn to paint on canvas, paper, and wood. The fee is RM398 per per-son and RM320 for second timers or groups. Food and drinks will be served throughout the workshop too. Class will take place at 8a Jalan Kemuja, Bangsar Utama, Kuala Lum-pur from 7pm onwards. Visit www.facebook.com/thincacademykl or call (03) 2283 4698 to book a slot and more information.

TANTALISE your tastebuds with Opium KL’s salted egg-inspired dishes. Try the creamy salted egg spaghetti carbonara with smoked duck (RM48) or the crispy prawn fritters with buttery smooth salted egg hollandaise (RM28). If you have never thought of this savoury delicacy as a dessert, something nice to try is the warm rich ratted egg crumble with grilled sweet mango and salted egg ice cream (RM22). Sample these delights at Opium KL, 50 Changkat Bukit Bintang, Kuala Lumpur today. Visit www.opiumkl.com or call (03) 2142 5670 for reservations and more information.

Bonia invokes the art and style of Picasso

IF you are a fan of all things fl oral, you will be spoilt for choice with Jeoel’s Flora Adora collection that plays tribute to blossoms with a range of earrings, pendants and rings to choose from. Th is pair of rose earrings are crafted from black onyx, the birthstone of December that is believed to encourage inner confi dence and improve concentration. Th e jet black colour of the onyx, typically mined from Australia, Brazil, Canada, China, Czech Republic, Germany, India, Madagascar, Russia, the United Kingdom and the United States, shines especially well when used as a backdrop as seen in the elaborate petals of the rose in these earrings. Embodying the spirit of its sister brand, DeGem’s ethical mining considerations, Jeoel’s pays special attention to the natural gemstones that make up the jewellery collection. Th e Rosa earrings are retailing at RM529 at www.jeoel.com.

2 4 F E AT U R E WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY

Tribute to a principal who inspired his students‘Headmaster, disciplinarian, teacher and hairdresser to many’

BY C H I A S W E E L I M

Headmaster, disciplinarian, teacher and hairdresser to many.” This is, of course, a

reference to our beloved Yong Chee Seng — who passed away peacefully on May 14, 2016 — as remembered by one of my Methodist Boy’s Secondary School, Kuala Lumpur (MBSS-KL) classmates. I never had the pleasure of being on the receiv-ing end of one of those infamous haircuts. But I am sure there are many among those reading this now who have, and would to-day feel a sense of pride in that they were in a select company to have had that cherished mo-ment with one of the true pillars of the modern MBSSKL.

Yes, Mr Yong was by all ac-counts one of the true MBSians who used to climb the stairs and roam the school compound while living in the railway quar-ters just behind the school back in the day before he even started Year One in 1938.

Following the completion of his Cambridge School Certifi-cate in 1949, Mr Yong began his teaching career at the Method-ist English School in Tanjung Malim the following year. But as he would recall later, he did not have teaching as a career in mind and he might not have even liked it. He would go on

to say later: “I have no regrets at all in becoming a teacher. It was God’s guidance. I have come to love my job.”

He eventually returned to MBSS-KL fi rst in 1956 and later for good in 1964 after completing his Higher School Certifi cate, teacher training and a Bachelor in Economics from University Malaya.

Mr Yong was appointed dis-ciplinary master in 1972, senior assistant in 1976, before becom-ing acting principal in 1979, and principal from 1980 to 1985. In post-retirement, he remained ac-tive in various alumni activities, including serving as a member of the Centenary Celebrations and the Centenary Building Fund Committees, and education sec-retary of the Methodist Council of Education. Mr Yong was aptly described as “the beacon and the bridge” that lights the way and links us to the past, the present and the future of our alma mater in the 110th MBSSKL Anniversary Souvenir Book.

For many of my classmates and I, our most direct memory of Mr Yong — when we were in Form One through to Form Six from 1975 to 1981 — comes from his time as disciplinary master, senior assistant and principal. That is where the “hairdresser to many” comes in. But for-tunately for us, Mr Yong saw his work at MBSSKL so much more than that.

He pointed out the differ-ence between an educated

person and a literate person in his first message as principal in 1979, and his desire to see all who passed through MBSSKL leave as an educated person — someone “who has a well-rounded person-ality, is outgoing and who shows goodwill to all.”

Mr Yong had an unwavering belief in MBS as “a school that can play a role in unifying students of all ethnicity, creed and socio-eco-nomic strata, who enter its por-tals as Malaysians, and be imbued with the spirit to serve with honesty, integrity and industry for the good of self, c o m m u n i t y and country.”’

He believed in MBS as a “people’s school” with an egalitari-an ethos focused on providing a holistic ed-

ucation that “encompasses in its widest sense the inculcation of moral values, character building,

physical, spiritual and emo-tional development.”

As we mourn the passing of Mr Yong, many have shared personal stories of his

devotion and com-mitment to his vo-cation as a teach-er, his students, his

alma mater, his fam-ily, and his faith. For

me, I remember him as a firm but fair disci-

pline master and prin-cipal. While I never had the privilege of a personal hair cut from Mr Yong, I

did get called into his office for fighting when I was in lower second-ary school.

Fearing the worst, I was surprised he asked me for my side of the story before meting out my punishment. I remember he

was stern, but he listened pa-tiently before deciding to let me off with a warning. That was mostly because I was merely in the wrong place, at the wrong time. But I was still surprised I escaped the caning that befell some of my co-conspirators. I think from that day I respected him more than I feared him. I remember saying to myself that I would be better, that I would apply myself and make sure I did not disappoint him again.

Many years later when I be-came a prefect, and later school captain, I often wondered if he remembered that first meeting we had in his office. In all these years, I have never asked him. But in looking back, I like to believe he knew and he remem-bered. I hope when he did, he was pleased that our brief en-counter was part of that “educa-tion” he spoke of. As we mourn, reminisce, and celebrate the life of Yong Chee Seng, I call upon my classmates to proud-ly affirm and proclaim that his life’s work has not been in vain and his belief in his alma ma-ter and its impact on all of us during those formative years has been noble and true. Not bad for someone who started his career not being sure he wanted to be a teacher.

Chia Swee Lim was school cap-tain at Methodist Boy’s School, Kuala Lumpur in 1981.

I have no regrets at all in becoming a teacher. It was God’s guidance.

I have come to love my job.

4.98 128.98

2 5


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

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

Bursa Malaysia

KLSE COMPOSITE 1,633.39 12.18 0.75

KLSE INDUSTRIAL 3,054.81 40.47 1.34

CONSUMER PRODUCT 580.65 0.36 0.06

INDUSTRIAL PRODUCT 139.25 2.21 1.61

CONSTRUCTION 286.33 -0.94 -0.33

TRADE & SERVICES 221.21 1.00 0.45

KLSE FINANCIAL 14,307.76 83.32 0.59

KLSE PROPERTY 1,154.79 -1.17 -0.10

KLSE PLANTATION 7,490.77 53.16 0.71

KLSE MINING 498.50 8.11 1.65

INDICES CLOSE +/- %CHGTECHNOLOGY 20.92 0.20 0.97

FTSE BURSA 100 11,103.92 63.75 0.58

FTSE BURSA MID 70 12,836.76 5.73 0.04

FTSE BURSA SMALL CAP 15,418.89 94.09 0.61

FTSE BURSA FLEDGLING 15,959.10 81.96 0.52

FTSE BURSA EMAS 11,415.92 65.80 0.58

FTSE BUR M’SIA ACE 5,773.47 74.03 1.30

FTSE BUR EMAS SHARIAH 11,906.81 57.80 0.49

FTSE BUR HIJRAH SHARIAH 13,291.92 63.82 0.48

FTSE/ASEAN 40 8,809.33 83.84 0.96

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.850 0.550 0.850 0.805 7120 ACOSTEC 0.815 -0.015 3585.9 0.829 15.01 3.07 144.9 4.334 3.400 4.080 3.900 7090 AHEALTH 4.080 0.080 16.9 3.912 13.96 2.70 478.0 12.200 5.327 12.200 11.500 2658 AJI 12.100 0.600 161.7 12.005 18.45 1.65 735.7 0.480 0.220 — — 7051 AMTEK 0.220 — — — — — 11.0 6.320 4.052 5.850 5.850 6432 APOLLO 5.850 -0.070 0.8 5.850 13.54 4.27 468.0 2.260 1.150 1.200 1.200 7722 ASIABRN 1.200 UNCH 100.7 1.200 — 0.42 94.9 5.299 2.977 4.220 4.180 7129 ASIAFLE 4.180 -0.020 3 4.207 11.00 3.83 799.7 64.156 40.235 48.440 47.720 4162 BAT 48.000 UNCH 411.2 48.012 16.27 6.02 13,705.4 0.085 0.040 0.045 0.045 7243 BIOOSMO 0.045 UNCH 635 0.045 — — 22.4 1.086 0.565 0.575 0.565 9288 BONIA 0.565 -0.005 471.2 0.568 13.08 3.33 455.6 1.870 0.880 1.580 1.570 7174 CAB 1.580 0.010 129.8 1.574 14.96 — 271.3 0.660 0.427 0.535 0.525 7154 CAELY 0.530 UNCH 60 0.530 5.89 1.89 42.4 0.400 0.230 0.400 0.335 7128 CAMRES 0.375 0.030 785.4 0.372 9.97 — 73.8 13.390 10.731 12.940 12.840 2836 CARLSBG 12.840 -0.100 44 12.885 18.18 5.61 3,955.7 1.310 0.720 1.210 1.180 7035 CCK 1.210 0.030 303.7 1.196 13.57 2.48 190.8 2.925 2.260 2.330 2.300 7148 CCMDBIO 2.300 0.020 44.2 2.308 13.43 4.13 641.6 1.970 0.454 1.270 1.250 9423 CHEEWAH 1.270 0.010 39.9 1.265 7.01 1.57 53.5 3.290 1.670 2.600 2.550 2828 CIHLDG 2.600 0.030 182.8 2.598 16.45 — 421.2 0.085 0.035 — — 5188 CNOUHUA 0.040 — — — — — 26.7 2.417 1.255 — — 7205 COCOLND 2.080 — — — 14.54 3.55 475.9 1.369 1.010 1.320 1.320 7202 CSCENIC 1.320 UNCH 50.5 1.320 13.85 7.58 159.1 0.175 0.065 0.100 0.095 5214 CSL 0.100 0.005 1251.7 0.097 2.20 — 124.3 0.075 0.040 0.045 0.040 7179 DBE 0.040 -0.005 133 0.041 — — 33.7 0.963 0.785 — — 7119 DEGEM 0.880 — — — 10.21 1.70 117.9 56.100 40.020 55.900 55.760 3026 DLADY 55.800 0.600 8 55.872 22.62 1.79 3,571.2 0.165 0.065 0.110 0.105 7198 DPS 0.110 UNCH 2633 0.106 — — 64.7 0.265 0.105 0.125 0.120 7182 EKA 0.125 0.005 17218 0.125 — — 39.0 0.280 0.165 0.230 0.220 5091 EKOWOOD 0.225 0.005 461.1 0.223 — — 37.8 0.460 0.190 0.295 0.290 9091 EMICO 0.295 -0.005 1186.3 0.292 4.21 — 28.3 2.620 1.693 — — 7149 ENGKAH 2.100 — — — 44.59 3.10 148.6 0.325 0.225 0.235 0.230 7208 EURO 0.230 UNCH 654.1 0.230 26.74 — 55.9 0.940 0.640 0.820 0.815 7094 EUROSP 0.820 0.010 64.5 0.820 — — 36.4 24.560 16.745 24.560 23.380 3689 F&N 23.400 UNCH 490.9 23.665 22.44 2.67 8,582.6 0.940 0.475 0.680 0.680 9776 FARMBES 0.680 UNCH 10 0.680 — — 41.5 1.353 0.990 0.990 0.990 2755 FCW 0.990 UNCH 9.4 0.990 34.02 1.52 247.5 1.220 0.360 0.995 0.980 8605 FFHB 0.990 -0.005 123.2 0.986 13.16 1.01 83.1 0.966 0.553 — — 9172 FPI 0.790 — — — 12.21 8.86 195.4 1.640 0.720 1.000 0.970 5102 GCB 0.985 -0.025 1087.5 0.989 20.61 — 473.0 2.760 2.070 — — 5606 GOLDIS 2.750 — — — 15.32 0.73 1,679.3 1.200 0.930 — — 5606PA GOLDIS-PA 1.110 — — — — 3.60 505.5 0.175 0.040 — — 5187 HBGLOB 0.065 — — — — — 30.4 15.180 11.735 14.880 14.580 3255 HEIM 14.600 -0.200 59 14.628 17.73 4.86 4,410.6 8.000 4.141 8.000 7.750 3301 HLIND 8.000 0.220 196.1 7.865 11.16 4.00 2,623.2 1.196 0.860 0.905 0.890 5160 HOMERIZ 0.890 -0.010 265 0.899 9.48 4.49 267.0 0.533 0.391 0.410 0.405 7213 HOVID 0.410 0.005 291.7 0.406 15.30 2.44 333.3 5.280 2.850 — — 7141 HUATLAI 4.170 — — — 8.72 — 361.3 1.416 0.819 1.390 1.360 5024 HUPSENG 1.370 0.010 421.8 1.376 20.03 2.92 1,096.0 0.540 0.340 0.505 0.470 8478 HWATAI 0.485 0.010 185.4 0.487 323.33 — 36.3 3.093 1.816 1.900 1.900 5107 IQGROUP 1.900 UNCH 55.9 1.900 9.09 4.21 167.3 1.420 0.623 0.965 0.965 7152 JAYCORP 0.965 UNCH 20 0.965 7.59 4.15 132.4 1.170 0.450 0.645 0.640 8931 JERASIA 0.640 UNCH 5.9 0.643 4.61 — 52.5 3.160 2.270 2.350 2.300 5247 KAREX 2.340 0.050 545.1 2.324 29.96 0.71 2,345.6 3.965 1.824 3.120 3.110 7216 KAWAN 3.110 -0.020 3.1 3.117 18.96 0.80 736.5 0.250 0.025 0.120 0.105 8303 KFM 0.110 -0.015 908 0.107 — — 7.5 0.935 0.560 0.750 0.735 6203 KHEESAN 0.740 -0.020 49 0.741 13.88 — 74.0 2.613 1.742 — — 7062 KHIND 2.050 — — — 13.29 3.41 82.1 1.200 0.920 — — 0002 KOTRA 1.020 — — — 23.50 — 135.1 0.115 0.040 — — 5172 KSTAR 0.045 — — — — — 12.0 8.100 5.160 5.640 5.540 7006 LATITUD 5.580 0.040 45.1 5.584 6.14 2.15 542.4 9.700 2.950 9.230 9.200 9385 LAYHONG 9.230 -0.070 15 9.218 23.96 — 553.6 0.405 0.130 0.335 0.305 7943 LCHEONG 0.305 -0.020 1136.8 0.317 — — 20.1 0.405 0.215 0.310 0.295 8079 LEESK 0.295 -0.010 2092.9 0.304 9.93 — 49.5 2.917 2.010 2.540 2.490 7089 LIIHEN 2.530 0.030 954.1 2.518 7.91 4.48 455.4 0.910 0.700 0.770 0.765 7126 LONBISC 0.765 -0.005 45.6 0.768 8.22 — 142.7 2.343 1.422 1.530 1.530 7085 LTKM 1.530 0.030 10 1.530 10.32 3.27 199.1 4.585 2.087 4.410 4.290 7087 MAGNI 4.410 0.100 133.5 4.359 8.98 1.81 717.6 0.140 0.020 — — 5189 MAXWELL 0.020 — — — — — 8.0 1.481 1.141 1.230 1.210 3662 MFLOUR 1.210 UNCH 140.6 1.217 31.76 3.31 665.8 1.090 0.810 — — 7935 MILUX 0.950 — — — 161.02 — 51.7 1.319 1.080 — — 5886 MINTYE 1.190 — — — 16.46 4.20 72.4 5.226 4.507 5.050 5.000 5202 MSM 5.020 -0.010 107.4 5.020 12.82 5.18 3,529.0 0.140 0.025 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.650 1.100 1.410 1.370 3921 MWE 1.380 UNCH 259.6 1.378 21.60 0.96 319.6 75.569 68.397 74.600 74.480 4707 NESTLE 74.520 0.720 19.7 74.502 28.02 3.22 17,474.9 2.800 2.186 2.700 2.700 7060 NHFATT 2.700 -0.090 12 2.700 10.54 4.07 202.9 0.200 0.080 0.115 0.110 7139 NICE 0.110 -0.005 2045 0.110 — — 33.3 0.370 0.220 0.285 0.280 7215 NIHSIN 0.285 -0.005 524.7 0.285 29.38 1.75 67.9 1.079 0.614 0.950 0.940 5066 NTPM 0.950 0.010 3166 0.946 17.37 0.84 1,067.0 0.600 0.460 0.600 0.575 7071 OCR 0.575 0.005 4818.5 0.584 — — 121.9 2.518 1.841 2.370 2.250 7107 OFI 2.250 -0.050 35.1 2.258 18.55 2.22 540.0 7.679 6.368 6.890 6.850 4006 ORIENT 6.860 0.010 10.3 6.876 15.62 2.62 4,255.9 2.490 1.214 2.300 2.220 7052 PADINI 2.260 0.020 1278.8 2.252 13.56 4.42 1,486.9 30.200 19.941 29.200 29.060 3719 PANAMY 29.140 0.080 90.9 29.161 13.17 1.72 1,770.1 0.768 0.587 — — 5022 PAOS 0.715 — — — 26.58 3.50 86.4 0.370 0.200 — — 9407 PARAGON 0.250 — — — 18.52 — 17.5 0.885 0.275 0.620 0.600 6068 PCCS 0.600 -0.020 42 0.619 — — 36.0 1.200 0.725 0.800 0.780 5231 PELIKAN 0.785 -0.005 237.8 0.791 — — 434.3 0.229 0.123 0.175 0.170 4081 PMCORP 0.175 UNCH 202 0.173 15.09 — 135.3 0.580 0.402 0.520 0.515 5080 POHKONG 0.515 0.005 16.8 0.516 36.52 1.94 211.3 2.071 1.391 1.510 1.480 7088 POHUAT 1.480 -0.010 153.6 1.492 7.00 2.70 335.7 16.784 14.079 16.000 15.700 4065 PPB 16.000 0.220 641.4 15.770 18.04 1.56 18,968.0 0.614 0.458 0.570 0.560 7190 PPG 0.560 0.055 10 0.565 20.22 2.23 56.0 2.698 1.751 2.070 2.020 8966 PRLEXUS 2.040 0.040 964.4 2.046 9.41 1.40 243.6 1.520 0.945 1.470 1.420 7134 PWF 1.430 UNCH 210.8 1.446 16.12 4.20 111.2 2.931 1.634 2.150 2.120 7237 PWROOT 2.120 -0.020 163.9 2.138 11.14 3.77 644.6 4.650 3.662 4.300 4.250 7084 QL 4.260 -0.040 957.4 4.292 26.54 1.00 5,316.6 1.660 1.340 — — 9946 REX 1.500 — — — 22.26 — 92.5 1.438 1.180 1.260 1.250 5252 SASBADI 1.260 0.020 23 1.256 20.36 1.59 352.0 0.546 0.270 0.290 0.280 5157 SAUDEE 0.285 -0.005 130.3 0.287 — — 34.2 1.020 0.490 1.020 0.970 7180 SERNKOU 0.990 0.010 1036 0.992 28.29 — 118.8 1.430 0.543 0.595 0.590 7165 SGB 0.590 -0.005 3900.6 0.592 — — 71.5 0.120 0.055 0.070 0.060 7165PA SGB-PA 0.065 0.005 21709.5 0.067 — — 32.3 2.450 0.890 1.740 1.700 7412 SHH 1.730 -0.010 74.5 1.714 6.40 5.78 86.5 1.546 0.771 1.020 1.000 7246 SIGN 1.020 -0.030 1553.9 1.012 9.66 4.90 244.8 0.060 0.035 0.045 0.045 8532 SINOTOP 0.045 UNCH 200 0.045 40.91 — 88.9 2.750 1.671 2.550 2.530 7103 SPRITZER 2.550 0.020 124.7 2.544 12.92 1.96 395.7 1.520 0.730 — — 7186 SWSCAP 1.160 — — — 241.67 — 169.2 0.745 0.365 0.580 0.570 7082 SYF 0.570 -0.010 752 0.574 10.44 — 348.8 0.450 0.280 — — 7211 TAFI 0.320 — — — — — 25.6 3.086 2.010 2.030 2.010 4405 TCHONG 2.010 -0.010 56.7 2.022 17.52 2.49 1,350.7 1.400 0.352 1.400 1.370 7200 TEKSENG 1.390 0.010 2163.1 1.384 16.51 0.72 447.0 1.893 1.040 1.300 1.260 7252 TEOSENG 1.290 0.020 702.2 1.285 8.88 2.71 387.0 1.610 1.184 — — 9369 TGL 1.460 — — — 22.29 5.14 59.5 0.575 0.445 — — 7230 TOMEI 0.475 — — — — 2.11 65.8 0.510 0.170 0.495 0.485 7176 TPC 0.485 -0.010 887.2 0.488 17.70 — 113.4 10.607 5.720 5.940 5.720 4588 UMW 5.770 -0.130 1526.5 5.787 — 3.47 6,741.1 2.430 1.530 2.170 2.160 7757 UPA 2.160 -0.040 5 2.166 8.94 4.17 171.9 0.940 0.430 0.940 0.830 7203 WANGZNG 0.935 0.080 1162.5 0.903 10.90 3.21 149.6 0.098 0.035 0.040 0.040 5156 XDL 0.040 UNCH 1451.2 0.040 21.05 — 107.8 0.670 0.355 0.470 0.470 7121 XIANLNG 0.470 UNCH 0.5 0.470 45.19 — 34.2 0.630 0.260 0.280 0.275 5155 XINQUAN 0.280 0.005 169.8 0.280 0.85 6.54 135.8 2.410 1.430 2.280 2.240 5584 YEELEE 2.280 0.020 279 2.251 13.01 1.54 427.1 0.620 0.190 0.620 0.605 7184 YEN 0.620 0.015 1152.4 0.618 — — 77.5 1.147 0.799 0.920 0.905 5159 YOCB 0.920 0.005 32.1 0.909 7.73 4.35 147.2 3.490 1.879 2.290 2.280 7178 YSPSAH 2.280 -0.010 109.5 2.283 10.54 2.85 306.9 2.055 1.335 — — 5131 ZHULIAN 1.420 — — — 13.73 4.23 653.2INDUSTRIAL PRODUCTS 1.260 0.883 1.260 1.220 0012 3A 1.250 0.040 3800.9 1.238 21.15 1.12 492.0 0.165 0.095 0.115 0.110 7086 ABLEGRP 0.110 -0.005 61 0.110 — — 29.0 0.640 0.470 0.505 0.505 7061 ABRIC 0.505 UNCH 292.9 0.505 — — 74.3 0.450 0.270 — — 7131 ACME 0.270 — — — 9.03 — 59.0 1.070 0.830 — — 7191 ADVENTA 0.830 — — — 38.97 — 126.8 2.454 1.850 1.950 1.950 9148 ADVPKG 1.950 UNCH 1 1.950 13.36 6.15 40.0

0.165 0.100 0.140 0.135 7146 AEM 0.135 UNCH 3413.7 0.137 — — 32.7 0.460 0.325 — — 5198 AFUJIYA 0.460 — — — 28.57 — 82.8 0.400 0.260 0.360 0.350 2682 AISB 0.360 0.010 87.4 0.356 — — 47.5 4.790 2.200 — — 7609 AJIYA 3.290 — — — 10.38 1.82 250.5 0.505 0.110 0.150 0.150 9954 AKNIGHT 0.150 UNCH 40 0.150 — — 8.7 0.940 0.610 0.850 0.835 2674 ALCOM 0.835 -0.005 51.6 0.847 23.99 5.99 112.2 0.475 0.335 0.355 0.350 4758 ANCOM 0.350 -0.010 138 0.352 129.63 — 76.6 1.260 0.620 1.020 0.980 6556 ANNJOO 1.010 0.030 532.2 0.999 — 2.97 527.9 0.360 0.120 0.295 0.280 9342 ANZO 0.285 -0.010 5944.8 0.286 — — 84.4 1.520 1.033 — — 5568 APB 1.120 — — — 10.19 5.80 126.4 4.862 3.730 — — 5015 APM 3.820 — — — 12.35 5.10 770.1 0.820 0.382 0.770 0.765 7214 ARANK 0.765 UNCH 102.8 0.769 7.25 2.94 91.8 0.819 0.543 0.670 0.635 7162 ASTINO 0.665 UNCH 23 0.663 9.75 2.93 182.3 0.745 0.500 0.550 0.550 7099 ATTA 0.550 -0.030 0.5 0.550 1.82 — 39.0 1.660 0.510 1.510 1.270 7181 ATURMJU 1.330 0.100 1984.6 1.325 — — 81.3 2.480 1.500 1.560 1.560 8133 BHIC 1.560 UNCH 0.4 1.560 — — 387.6 0.795 0.285 0.565 0.550 7005 BIG 0.565 0.010 62.5 0.552 11.23 — 27.2 0.140 0.090 0.115 0.115 7187 BKOON 0.115 0.005 130 0.115 — — 31.8 1.463 0.975 0.990 0.990 0168 BOILERM 0.990 UNCH 24 0.990 17.01 1.77 510.8 3.100 2.160 2.500 2.480 6297 BOXPAK 2.480 -0.020 2.5 2.481 16.07 — 148.9 1.985 0.777 1.460 1.460 5100 BPPLAS 1.460 0.010 30 1.460 12.39 4.11 274.0 0.520 0.285 0.310 0.310 9938 BRIGHT 0.310 UNCH 12.1 0.310 — — 50.9 0.295 0.175 — — 7221 BSLCORP 0.230 — — — — — 22.5 0.455 0.150 0.215 0.205 7188 BTM 0.215 UNCH 466.2 0.208 — — 26.9 5.170 2.000 4.050 3.930 5105 CANONE 4.050 0.100 290.4 3.968 9.05 0.99 778.2 0.286 0.045 0.050 0.045 5229 CAP 0.050 UNCH 3268.6 0.050 1.26 — 68.1 2.350 1.576 2.190 2.150 7076 CBIP 2.190 0.030 33.5 2.179 11.92 2.74 1,178.8 1.100 0.846 0.935 0.930 2879 CCM 0.935 0.015 25 0.931 14.34 4.01 427.9 1.690 1.150 1.530 1.530 7171 CENBOND 1.530 UNCH 8 1.530 12.35 3.92 183.6 2.560 1.380 — — 8435 CEPCO 1.780 — — — 5.33 — 79.7 1.500 1.150 — — 8044 CFM 1.150 — — — — — 47.2 2.284 1.234 1.680 1.660 5007 CHINWEL 1.670 UNCH 98.4 1.673 8.18 4.69 500.2 1.680 1.340 1.510 1.450 5797 CHOOBEE 1.480 0.040 22.3 1.458 27.21 4.05 162.7 1.230 0.640 — — 8052 CICB 0.710 — — — — 2.46 32.5 0.090 0.040 0.050 0.045 7018 CME 0.045 -0.005 60 0.049 — — 19.8 5.932 3.170 3.350 3.170 2852 CMSB 3.270 -0.030 10457.3 3.273 14.05 1.38 3,513.2 0.510 0.130 — — 7986 CNASIA 0.155 — — — — — 7.0 2.963 1.423 1.610 1.600 5071 COASTAL 1.600 0.010 26.3 1.603 6.17 2.50 850.6 0.910 0.200 0.730 0.705 7195 COMCORP 0.710 UNCH 3072.2 0.715 7.15 — 99.4 1.000 0.670 0.730 0.720 2127 COMFORT 0.720 -0.010 863.3 0.722 14.52 — 402.3 1.450 0.880 1.430 1.380 5094 CSCSTEL 1.410 -0.020 966.8 1.396 10.01 5.67 535.8 1.008 0.630 0.915 0.905 7157 CYL 0.910 0.010 221.8 0.911 15.35 6.59 91.0 0.440 0.275 — — 5082 CYMAO 0.380 — — — — — 28.5 2.374 1.605 2.070 2.060 8125 DAIBOCI 2.070 0.020 21 2.070 24.32 2.84 565.6 0.475 0.230 0.375 0.365 8176 DENKO 0.370 0.005 369.8 0.369 8.83 — 38.7 0.308 0.170 0.255 0.240 7114 DNONCE 0.250 0.005 9597.4 0.251 208.33 — 45.1 0.635 0.250 0.345 0.345 5835 DOLMITE 0.345 -0.005 68 0.345 215.63 — 92.7 0.510 0.331 — — 5835PA DOLMITE-PA 0.510 — — — — — 6.3 0.920 0.660 0.685 0.675 5265 DOLPHIN 0.675 -0.005 88 0.678 2.61 — 149.9 1.536 1.091 1.140 1.120 7169 DOMINAN 1.140 UNCH 3.3 1.126 8.27 3.18 188.1 1.808 0.895 0.910 0.895 1619 DRBHCOM 0.900 -0.005 1854.6 0.901 — 6.67 1,739.9 0.675 0.250 0.530 0.515 7233 DUFU 0.520 UNCH 2024.9 0.521 8.35 5.96 91.2 1.260 0.406 0.840 0.830 8907 EG 0.835 UNCH 453.5 0.834 4.30 — 176.7 1.600 1.000 1.170 1.120 9016 EKSONS 1.130 0.020 14.1 1.123 — — 185.6 0.480 0.190 0.440 0.415 7217 EMETALL 0.420 -0.005 239 0.428 11.51 — 71.9 0.793 0.591 — — 7773 EPMB 0.600 — — — 24.10 1.67 99.6 1.683 0.995 1.160 1.130 5101 EVERGRN 1.130 -0.020 1688.6 1.138 9.63 0.88 956.5 1.560 0.600 1.000 0.975 7249 EWEIN 0.980 0.005 126.5 0.980 16.61 0.51 217.4 1.176 0.918 1.030 1.020 2984 FACBIND 1.020 UNCH 10 1.024 14.39 2.45 86.9 3.210 2.274 2.770 2.730 7229 FAVCO 2.730 -0.030 170.2 2.748 6.29 5.49 600.4 0.835 0.347 0.545 0.495 0149 FIBON 0.525 0.045 560 0.535 10.78 2.00 51.5 2.573 1.977 2.260 2.230 3107 FIMACOR 2.250 0.050 8.3 2.245 10.77 5.56 551.8 3.090 1.174 2.450 2.330 5197 FLBHD 2.450 0.110 1399.5 2.393 7.97 6.12 252.8 1.570 1.370 1.440 1.440 3611 GBH 1.440 -0.010 2 1.440 3.51 10.42 268.7 2.970 0.650 1.500 1.490 7197 GESHEN 1.490 UNCH 49.6 1.495 9.56 — 119.2 0.075 0.040 0.045 0.045 5220 GLOTEC 0.045 UNCH 932 0.045 — — 242.2 0.390 0.200 0.240 0.230 7192 GOODWAY 0.240 0.010 25.1 0.230 — — 26.5 0.135 0.075 0.080 0.080 7096 GPA 0.080 UNCH 222 0.080 — — 78.4 0.565 0.285 — — 5649 GPHAROS 0.360 — — — — — 48.4 0.312 0.173 0.270 0.260 0136 GREENYB 0.265 UNCH 1195.6 0.263 13.95 2.83 88.4 0.135 0.070 0.095 0.095 7077 GSB 0.095 -0.005 60 0.095 — — 50.2 1.080 0.840 0.850 0.840 3247 GUH 0.845 -0.005 184.8 0.846 22.47 5.92 234.8 0.750 0.320 0.495 0.480 5151 HALEX 0.490 UNCH 307.8 0.491 — — 51.9 6.124 3.810 3.980 3.920 5168 HARTA 3.970 0.060 977.8 3.965 25.25 2.02 6,514.9 3.500 2.890 3.120 3.030 7105 HCK 3.030 -0.070 13 3.094 14.31 — 168.0 1.790 1.110 1.230 1.210 5095 HEVEA 1.220 UNCH 764.2 1.221 6.95 2.25 555.1 0.985 0.706 0.875 0.860 3298 HEXZA 0.875 0.010 163.3 0.863 10.74 5.14 175.3 0.525 0.200 0.410 0.385 5072 HIAPTEK 0.400 -0.010 8124.7 0.395 — 0.75 287.4 0.905 0.130 0.185 0.180 5199 HIBISCS 0.185 0.005 1767.8 0.184 — — 214.4 1.768 0.918 — — 7033 HIGHTEC 1.130 — — — 7.39 3.10 45.9 0.990 0.530 0.820 0.790 8443 HIL 0.815 0.020 47.1 0.807 13.10 1.84 227.2 0.430 0.310 — — 5165 HOKHENG 0.310 — — — 26.72 — 24.8 0.095 0.025 0.030 0.030 2739 HUAAN 0.030 UNCH 396.1 0.030 — — 33.7 3.991 2.852 3.120 3.090 5000 HUMEIND 3.090 -0.020 432.4 3.098 23.71 0.97 1,480.4 0.139 0.055 0.060 0.055 9601 HWGB 0.060 0.005 532 0.058 — — 54.4 0.960 0.760 0.810 0.785 9687 IDEALUBB 0.785 -0.025 17 0.794 — — 86.7 2.190 1.371 2.180 2.100 7222 IMASPRO 2.180 UNCH 977 2.180 17.47 1.61 174.4 0.400 0.220 0.260 0.245 7183 IRETEX 0.245 -0.010 296 0.252 — — 32.6 0.120 0.045 0.095 0.090 7223 JADI 0.090 -0.005 120 0.091 12.00 — 84.8 0.175 0.135 0.140 0.140 8648 JASKITA 0.140 UNCH 446.9 0.140 27.45 2.14 62.9 0.280 0.075 — — 2747 JAVA 0.095 — — — — — 16.5 1.320 0.920 1.030 1.030 7043 JMR 1.030 -0.040 1 1.030 55.98 2.91 130.6 2.830 1.210 1.890 1.850 7167 JOHOTIN 1.870 UNCH 201.8 1.863 10.09 2.14 174.5 1.810 1.051 1.350 1.340 4383 JTIASA 1.350 0.020 214.6 1.344 20.42 0.74 1,314.5 0.230 0.145 0.220 0.180 0054 KARYON 0.195 0.015 12520.9 0.204 16.39 2.05 92.8 1.290 0.353 0.900 0.895 7199 KEINHIN 0.900 -0.010 47 0.897 8.88 1.11 89.1 0.985 0.430 0.550 0.525 6211 KIALIM 0.550 -0.015 10 0.538 12.70 — 34.1 3.440 2.730 3.140 3.120 3522 KIANJOO 3.130 -0.010 317.8 3.130 10.59 0.64 1,390.2 2.561 1.383 2.020 2.000 5371 KIMHIN 2.010 0.010 30 2.009 8.15 2.99 312.8 0.200 0.070 0.080 0.080 5060 KINSTEL 0.080 UNCH 284 0.080 — — 83.9 2.110 1.280 1.660 1.620 9466 KKB 1.640 0.010 85.2 1.637 16.22 2.44 422.8 0.665 0.390 0.470 0.460 7164 KNM 0.460 0.005 21728.4 0.464 15.65 — 991.8 2.703 0.937 1.490 1.480 6971 KOBAY 1.480 -0.010 19.4 1.487 7.94 2.03 100.8 0.775 0.335 0.475 0.450 7017 KOMARK 0.470 UNCH 1557.4 0.459 — — 58.6 9.500 5.697 6.490 6.410 7153 KOSSAN 6.480 0.060 539 6.470 20.45 1.85 4,143.8 0.600 0.400 — — 7130 KPOWER 0.480 — — — — — 27.1 5.740 4.286 5.050 5.030 3476 KSENG 5.030 UNCH 27 5.033 13.41 1.99 1,818.2 0.520 0.330 — — 5192 KSSC 0.390 — — — 20.00 2.05 37.4 0.600 0.390 — — 8362 KYM 0.400 — — — — — 60.0 9.636 8.150 8.220 8.150 3794 LAFMSIA 8.210 -0.010 237.9 8.194 27.74 3.78 6,976.0 0.605 0.384 0.560 0.550 9326 LBALUM 0.550 0.005 166 0.553 10.91 3.64 136.7 0.784 0.405 0.620 0.600 5092 LCTH 0.610 -0.005 1934.3 0.610 8.79 6.56 219.6 0.605 0.420 0.495 0.490 5232 LEONFB 0.490 UNCH 201 0.494 8.22 3.06 151.9 0.205 0.110 0.130 0.125 8745 LEWEKO 0.125 UNCH 226.5 0.129 — — 40.2 0.075 0.030 0.045 0.045 3581 LIONCOR 0.045 UNCH 4 0.045 — — 59.2 0.115 0.045 0.050 0.050 2887 LIONDIV 0.050 UNCH 120 0.050 — — 69.6 0.475 0.220 0.410 0.395 4235 LIONIND 0.410 0.010 5299 0.403 — — 294.3 0.360 0.110 0.305 0.305 9881 LSTEEL 0.305 -0.005 100 0.305 — — 39.0 0.105 0.060 0.065 0.065 5068 LUSTER 0.065 UNCH 1111 0.065 — — 112.6 4.250 3.180 3.890 3.880 9199 LYSAGHT 3.890 0.070 10 3.888 9.92 3.86 161.7 0.740 0.330 0.590 0.545 5098 MASTEEL 0.575 UNCH 1908.8 0.570 — 1.13 140.6 0.808 0.502 0.640 0.640 7029 MASTER 0.640 0.005 0.1 0.640 11.87 1.56 35.0 0.555 0.350 — — 8095 MAYPAK 0.400 — — — — — 16.8 0.889 0.652 0.795 0.795 5152 MBL 0.795 0.010 50 0.795 11.21 3.77 73.1 0.430 0.175 0.400 0.370 3778 MELEWAR 0.370 -0.020 2395.4 0.377 154.17 — 83.9 0.805 0.500 — — 5223 MENTIGA 0.615 — — — 19.34 1.63 43.1 1.650 1.090 1.260 1.260 8192 MERCURY 1.260 -0.020 2 1.260 8.99 4.76 50.6 2.100 1.640 — — 6149 METROD 1.850 — — — 8.30 3.24 222.0 1.340 0.605 0.850 0.830 5001 MIECO 0.840 0.010 251 0.838 9.46 — 176.4 0.110 0.060 0.100 0.090 7219 MINETEC 0.100 0.005 3520 0.097 — — 66.5 1.894 0.779 1.420 1.410 5576 MINHO 1.410 0.010 73.4 1.411 9.28 — 154.9 0.660 0.325 0.625 0.590 7595 MLGLOBAL 0.620 0.015 1254.9 0.617 5.46 — 55.6 2.930 2.090 2.830 2.800 5916 MSC 2.800 -0.050 38.4 2.819 12.19 — 280.0 2.600 1.040 1.900 1.900 3883 MUDA 1.900 -0.050 10 1.900 22.09 1.58 579.6 1.170 0.810 0.900 0.850 7004 MULTICO 0.850 UNCH 97.2 0.855 — — 37.7 0.600 0.210 0.570 0.540 5087 MYCRON 0.545 -0.005 1610.4 0.553 6.10 — 154.5 0.200 0.070 — — 7002 NAKA 0.070 — — — — — 3.9 0.645 0.100 0.325 0.270 5025 NWP 0.310 0.015 17746.6 0.298 — — 99.2 0.705 0.454 0.560 0.555 4944 NYLEX 0.560 0.005 38.5 0.555 19.65 3.57 108.8 1.120 0.647 1.090 1.080 7140 OKA 1.090 0.010 172.4 1.083 10.11 2.75 172.7 1.300 0.890 — — 5065 ORNA 0.960 — — — 10.12 2.60 72.2 0.080 0.050 0.080 0.070 7225 PA 0.080 0.005 2242.5 0.080 — — 75.7 7.511 5.096 6.480 6.180 5183 PCHEM 6.410 0.190 6865.9 6.404 18.96 2.81 51,280.0 1.740 1.590 1.670 1.650 5271 PECCA 1.650 UNCH 353.8 1.664 — — 310.2 0.735 0.381 0.620 0.610 9997 PENSONI 0.615 0.005 75.2 0.615 4.09 5.69 79.7 6.180 3.923 6.000 5.960 5436 PERSTIM 6.000 UNCH 3.9 5.993 10.78 6.33 595.8 0.330 0.090 0.110 0.105 5146 PERWAJA 0.105 UNCH 426.9 0.106 — — 58.8 23.312 19.898 21.660 21.040 6033 PETGAS 21.460 0.540 545.6 21.455 21.40 2.80 42,463.6 7.310 2.580 5.500 5.390 3042 PETRONM 5.500 UNCH 47.6 5.411 6.73 3.64 1,485.0 14.100 5.460 13.100 13.060 7095 PIE 13.060 0.020 11 13.060 20.49 0.92 1,003.1 1.350 0.766 1.250 1.200 7172 PMBTECH 1.230 -0.050 100.2 1.213 12.34 3.25 98.4 3.169 1.362 3.100 2.990 8869 PMETAL 3.090 0.040 1640.9 3.040 21.84 2.43 4,015.3 0.650 0.430 — — 6637 PNEPCB 0.480 — — — — — 63.1 0.480 0.340 0.340 0.340 8117 POLY 0.340 -0.020 2 0.340 8.21 — 54.4 1.170 0.650 0.850 0.850 8273 PPHB 0.850 UNCH 20 0.850 6.57 — 93.4 0.380 0.300 0.325 0.315 9458 PREMIER 0.320 0.010 28.2 0.316 78.05 — 107.8 0.625 0.400 0.600 0.590 9873 PRESTAR 0.600 0.005 557.6 0.596 9.84 3.33 109.2 1.180 0.450 1.150 1.130 7168 PRG 1.140 0.010 695.3 1.135 27.14 0.88 168.8 0.190 0.105 0.110 0.105 7123 PWORTH 0.110 0.005 271.1 0.108 20.37 — 72.0 1.700 1.360 — — 7544 QUALITY 1.500 — — — 15.58 — 86.9 0.950 0.690 — — 7498 RALCO 0.855 — — — 14.57 — 35.9 6.330 5.480 5.970 5.970 7765 RAPID 5.970 UNCH 142.9 5.970 — — 522.1 0.505 0.224 0.455 0.450 7232 RESINTC 0.455 0.005 159.5 0.455 9.40 5.49 62.4 0.960 0.633 0.785 0.785 7803 RUBEREX 0.785 0.015 5 0.785 12.10 3.82 180.0

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

2 6 WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY WE



4.200 3.154 3.780 3.700 5134 SAB 3.760 0.010 4 3.755 19.11 1.33 514.9 8.280 3.537 6.140 6.110 9822 SAM 6.140 0.030 48.1 6.119 8.57 1.94 530.0 1.243 0.777 0.995 0.995 7811 SAPIND 0.995 0.020 5 0.995 9.36 6.03 72.4 1.870 1.130 1.470 1.460 5170 SCABLE 1.470 0.010 226 1.464 11.90 4.08 466.1 3.248 1.644 2.950 2.900 7247 SCGM 2.940 -0.010 161.4 2.937 16.55 3.74 388.1 1.040 0.700 0.770 0.720 9237 SCIB 0.770 0.050 76.2 0.720 233.33 — 56.7 13.600 6.526 12.300 12.000 4731 SCIENTX 12.040 0.040 298.9 12.123 12.52 1.83 2,774.9 0.795 0.280 0.305 0.305 7239 SCNWOLF 0.305 UNCH 193 0.305 — — 26.7 0.380 0.230 — — 7366 SCOMIEN 0.265 — — — 17.91 — 90.7 1.350 0.526 0.930 0.910 7073 SEACERA 0.915 UNCH 386.2 0.920 59.80 3.28 173.5 0.380 0.225 0.230 0.225 5145 SEALINK 0.225 -0.005 55 0.230 — — 112.5 0.770 0.290 0.290 0.290 5163 SEB 0.290 -0.010 1 0.290 — 6.90 23.2 6.350 2.600 3.130 3.080 4324 SHELL 3.130 0.050 71.4 3.109 2.56 — 939.0 0.695 0.365 0.470 0.465 5181 SIGGAS 0.465 0.005 3.1 0.465 13.60 2.58 87.2 0.700 0.480 — — 7115 SKBSHUT 0.660 — — — — — 26.4 1.556 0.935 1.320 1.300 7155 SKPRES 1.310 UNCH 572.7 1.301 19.10 1.50 1,480.5 2.388 0.969 2.260 2.260 7248 SLP 2.260 UNCH 1 2.260 20.51 1.33 559.0 0.850 0.610 — — 7132 SMISCOR 0.740 — — — 82.22 3.38 33.2 1.170 0.690 0.960 0.950 5665 SSTEEL 0.950 UNCH 62.4 0.956 — — 398.4 0.452 0.200 — — 7143 STONE 0.355 — — — — — 31.9 2.240 1.500 1.620 1.510 6904 SUBUR 1.580 -0.040 4 1.573 — — 330.2 2.504 1.276 2.180 2.170 7207 SUCCESS 2.180 0.020 41 2.179 9.35 3.67 261.6 2.320 1.145 1.990 1.970 7235 SUPERLN 1.970 -0.040 76.6 1.974 9.66 2.54 157.6 3.534 1.870 2.640 2.600 7106 SUPERMX 2.640 0.010 1218.1 2.622 14.14 1.52 1,795.6 5.750 3.126 4.550 4.500 5012 TAANN 4.500 UNCH 693.8 4.513 8.86 4.44 1,668.3 0.440 0.240 0.395 0.375 4022 TADMAX 0.385 0.010 518.1 0.384 2.52 — 171.4 0.830 0.370 0.420 0.375 5149 TAS 0.405 0.030 846.6 0.400 — — 72.9 15.260 13.376 15.100 14.980 4448 TASEK 15.000 UNCH 5.1 15.000 20.17 7.33 1,854.3 15.240 14.372 — — 4448P TASEK-PA 15.240 — — — — 7.22 5.1 0.190 0.080 0.160 0.155 5178 TATGIAP 0.155 -0.010 630.5 0.156 — — 24.0 0.420 0.215 0.380 0.360 7097 TAWIN 0.380 0.030 12 0.376 53.52 — 24.4 2.210 0.700 1.270 1.230 7439 TECGUAN 1.270 0.050 10.1 1.250 6.62 — 50.9 1.720 0.685 — — 9741 TECNIC 1.350 — — — 0.58 — 54.5 0.495 0.220 0.340 0.340 6378 TEKALA 0.340 0.005 10 0.340 — — 52.0 3.530 1.650 3.140 3.070 7034 TGUAN 3.110 -0.010 204.5 3.083 8.56 2.89 327.4 3.260 1.562 2.360 2.330 7374 TIENWAH 2.330 -0.010 185.3 2.341 6.62 7.73 224.8 0.800 0.630 — — 7854 TIMWELL 0.690 — — — 56.10 — 61.4 2.929 1.496 2.550 2.530 7285 TOMYPAK 2.540 0.020 50.2 2.539 12.01 3.94 278.0 2.300 1.660 2.050 2.040 5010 TONGHER 2.040 0.040 28.8 2.043 — 4.90 260.0 7.030 4.870 5.070 4.980 7113 TOPGLOV 5.020 0.040 2319.1 5.019 15.31 1.99 6,298.5 0.745 0.520 0.560 0.560 7173 TOYOINK 0.560 -0.050 5 0.560 127.27 1.79 59.9 0.270 0.140 0.270 0.200 4359 TURIYA 0.220 -0.040 3835.3 0.249 28.95 — 50.3 1.770 1.360 1.710 1.700 7100 UCHITEC 1.700 0.010 49 1.701 13.07 6.47 673.9 5.569 2.749 5.200 5.190 7133 ULICORP 5.190 UNCH 8.4 5.196 25.49 2.31 753.6 1.332 0.681 1.170 1.170 7227 UMSNGB 1.170 0.010 37.4 1.170 9.69 2.56 93.6 1.360 0.610 1.360 1.160 4995 VERSATL 1.280 0.160 916.5 1.287 — — 150.2 1.633 1.130 1.210 1.200 6963 VS 1.200 UNCH 3424.6 1.205 19.35 4.92 1,402.6 1.408 0.715 0.740 0.730 5142 WASEONG 0.735 0.010 350.8 0.734 60.25 4.08 569.5 0.400 0.275 — — 7226 WATTA 0.320 — — — — — 27.0 2.150 1.377 1.700 1.660 7111 WEIDA 1.660 -0.040 240 1.682 8.01 1.81 221.3 2.865 1.609 2.370 2.310 7231 WELLCAL 2.310 -0.040 198.4 2.348 19.31 3.98 766.1 0.670 0.490 0.520 0.500 7050 WONG 0.520 0.015 41.1 0.500 — — 47.7 0.580 0.405 — — 7025 WOODLAN 0.415 — — — 29.02 — 16.6 2.407 2.054 2.250 2.130 5009 WTHORSE 2.180 -0.020 19.4 2.148 14.61 4.59 523.2 1.550 0.895 1.200 1.180 4243 WTK 1.200 0.030 547.6 1.188 9.62 1.53 577.6 1.481 0.830 1.000 0.985 7245 WZSATU 1.000 UNCH 166.5 0.992 13.48 1.67 333.9 1.080 0.790 0.925 0.915 5048 YILAI 0.915 -0.005 107 0.920 15.38 2.19 146.4 0.300 0.160 0.240 0.200 7020 YKGI 0.235 0.025 1740.6 0.224 — — 81.9 0.800 0.510 0.580 0.560 7014 YLI 0.580 0.005 24 0.569 — — 58.8CONSTRUCTION 0.560 0.260 — — 7007 ARK 0.300 — — — 17.34 — 13.8 0.190 0.100 0.130 0.120 7070 ASUPREM 0.125 UNCH 855.8 0.124 — — 36.5 0.775 0.505 0.735 0.725 7078 AZRB 0.730 -0.005 1091.9 0.728 15.40 2.74 353.0 0.894 0.511 0.660 0.640 6173 BDB 0.660 0.010 28.6 0.648 7.68 6.06 200.5 0.775 0.490 0.495 0.490 5190 BENALEC 0.490 UNCH 230 0.492 326.67 0.61 397.8 0.539 0.330 0.390 0.370 5932 BPURI 0.385 0.015 2195 0.383 21.51 5.19 90.0 1.054 0.847 0.890 0.880 8761 BREM 0.890 0.010 148.2 0.882 17.21 3.37 307.5 1.158 0.840 0.970 0.915 8591 CRESBLD 0.965 0.055 555 0.945 14.85 4.15 170.7 1.859 1.540 — — 7528 DKLS 1.800 — — — 6.70 1.67 166.9 1.410 0.753 1.400 1.320 5253 ECONBHD 1.360 0.020 2456 1.368 12.32 1.84 727.6 1.670 0.835 1.670 1.620 8877 EKOVEST 1.630 -0.010 3010.7 1.641 60.59 1.23 1,394.4 0.625 0.330 0.600 0.590 7047 FAJAR 0.590 -0.010 806.5 0.595 31.05 2.12 214.0 2.580 1.100 2.120 2.090 9261 GADANG 2.110 0.010 363.8 2.110 5.18 2.37 545.7 5.031 3.665 4.750 4.680 5398 GAMUDA 4.720 -0.020 1642.1 4.715 17.80 2.54 11,391.4 1.314 0.780 0.915 0.880 5226 GBGAQRS 0.895 0.015 531.1 0.898 — — 349.9 1.450 0.780 0.845 0.835 5169 HOHUP 0.845 0.005 297.2 0.840 4.14 — 294.4 1.359 1.260 — — 5169PA HOHUP-PA 1.260 — — — — 1.98 10.0 1.340 1.290 — — 5169PB HOHUP-PB 1.290 — — — — 1.16 23.9 2.140 1.601 1.780 1.750 6238 HSL 1.770 UNCH 866.8 1.767 12.76 1.36 1,031.3 3.640 2.844 3.500 3.450 3336 IJM 3.450 -0.050 5146.6 3.463 14.18 2.46 12,380.3 0.835 0.540 0.815 0.780 5268 IKHMAS 0.800 0.015 7043.3 0.800 13.77 1.25 416.0 0.806 0.480 — — 8834 IREKA 0.555 — — — — — 94.8 1.280 0.650 1.010 0.985 4723 JAKS 0.995 UNCH 257.2 0.994 10.52 — 436.2 0.410 0.195 0.225 0.215 9083 JETSON 0.215 -0.005 559 0.220 21.72 — 40.4 2.000 1.170 1.940 1.910 7161 KERJAYA 1.930 0.010 84.5 1.921 10.88 1.55 513.1 1.050 0.740 1.010 0.940 3565 KEURO 0.945 -0.020 697.5 0.979 945.00 — 947.6 1.960 1.050 1.780 1.760 5171 KIMLUN 1.760 -0.010 371.2 1.766 7.30 3.30 529.0 1.540 1.090 — — 9628 LEBTECH 1.540 — — — — — 210.2 1.287 0.663 — — 5129 MELATI 0.805 — — — 17.16 2.17 96.6 0.450 0.320 0.340 0.330 5006 MERGE 0.340 0.020 135 0.338 7.94 — 22.8 1.370 1.020 1.370 1.300 9571 MITRA 1.360 0.070 4774.7 1.345 10.30 3.68 874.5 0.370 0.190 — — 5924 MTDACPI 0.260 — — — — — 60.2 1.520 0.840 1.250 1.190 5085 MUDAJYA 1.240 0.040 481 1.227 — — 685.0 2.642 1.497 2.250 2.220 5703 MUHIBAH 2.250 0.020 145.7 2.228 12.18 2.22 1,066.8 0.675 0.355 0.370 0.365 8311 PESONA 0.370 0.005 62 0.368 18.97 2.70 242.0 1.489 1.160 1.360 1.160 7055 PLB 1.360 0.130 22.8 1.230 28.87 3.68 124.1 1.994 1.366 1.700 1.670 5070 PRTASCO 1.700 UNCH 86.4 1.698 8.53 5.29 576.2 0.210 0.110 0.120 0.120 7145 PSIPTEK 0.120 -0.005 68 0.120 20.00 — 38.0 4.063 2.905 3.540 3.520 9598 PTARAS 3.530 0.010 30.8 3.528 16.50 5.10 577.2 1.050 0.660 0.690 0.670 5205 SENDAI 0.670 -0.010 29.6 0.682 9.37 0.75 518.6 1.720 0.954 1.670 1.630 5263 SUNCON 1.670 0.030 2546.7 1.650 16.99 2.40 2,159.1 0.515 0.330 0.365 0.360 9717 SYCAL 0.360 0.005 144.2 0.360 7.03 — 115.3 0.525 0.265 0.460 0.445 5054 TRC 0.455 0.010 170.2 0.450 7.20 1.43 218.6 1.740 0.845 1.720 1.580 5622 TRIPLC 1.670 0.090 1127.7 1.677 14.59 — 110.8 0.792 0.438 0.530 0.530 5042 TSRCAP 0.530 -0.010 3 0.530 18.73 1.68 92.5 1.760 1.083 1.690 1.630 9679 WCT 1.640 -0.040 3091.4 1.651 9.13 1.83 2,062.1 0.865 0.555 0.735 0.725 7028 ZECON 0.725 -0.010 267 0.730 — — 86.4 0.395 0.200 0.210 0.205 2283 ZELAN 0.205 -0.005 332 0.205 5.68 — 173.2TRADING SERVICES 0.410 0.150 0.410 0.390 5238 AAX 0.410 0.015 139107 0.403 — — 1,700.7 0.558 0.270 0.275 0.275 5166 AEGB 0.275 UNCH 89.6 0.275 — 36.36 112.7 3.300 2.470 2.800 2.780 6599 AEON 2.800 0.010 1041.4 2.794 29.44 1.43 3,931.2 0.235 0.135 0.220 0.215 7315 AHB 0.220 UNCH 860.3 0.215 23.66 — 35.2 2.330 0.765 2.330 2.240 5099 AIRASIA 2.320 0.100 37665.9 2.292 11.97 1.72 6,456.5 6.915 4.187 6.180 6.060 5014 AIRPORT 6.150 0.020 1860.7 6.149 — 1.38 10,204.0 0.685 0.340 0.380 0.370 5115 ALAM 0.375 0.005 2841.1 0.374 6.94 — 346.7 0.095 0.080 0.085 0.080 0159 AMEDIA 0.085 0.005 127 0.083 — — 20.4 10.626 8.984 9.350 9.200 6351 AMWAY 9.200 -0.150 30.1 9.221 23.66 4.35 1,512.3 2.780 1.518 2.210 2.170 7083 ANALABS 2.170 0.010 23 2.189 10.30 1.38 130.3 0.345 0.045 0.055 0.050 5194 APFT 0.055 0.005 667 0.050 — — 23.9 1.308 0.700 0.735 0.720 5210 ARMADA 0.720 0.010 14937.7 0.725 — 1.14 4,223.7 0.170 0.105 0.135 0.125 1481 ASB 0.130 UNCH 945 0.131 — 1.92 86.3 3.046 2.385 2.800 2.750 6399 ASTRO 2.770 -0.020 1797.5 2.770 23.57 4.33 14,417.9 5.300 4.160 5.260 5.210 7048 ATLAN 5.260 UNCH 2 5.235 30.98 5.23 1,334.2 0.755 0.285 0.745 0.705 7579 AWC 0.735 0.030 19659 0.727 21.68 — 190.8 6.757 5.260 5.400 5.300 6888 AXIATA 5.370 -0.030 6009.2 5.360 18.19 4.10 47,380.0 0.350 0.203 — — 5021 AYS 0.270 — — — 7.12 4.63 102.7 1.060 0.675 0.695 0.680 7251 BARAKAH 0.690 UNCH 3170.4 0.686 28.75 2.90 569.1 0.599 0.335 0.460 0.440 7241 BHS 0.455 0.015 758.4 0.446 — — 190.7 0.450 0.195 0.250 0.245 6998 BINTAI 0.245 UNCH 282.2 0.248 — — 52.6 7.128 6.292 7.000 6.800 5032 BIPORT 7.000 0.060 2 6.900 25.24 3.14 3,220.0 1.450 1.080 1.450 1.300 5275 BISON 1.430 0.120 4841.6 1.380 — — 443.4 2.725 1.740 2.290 2.240 5248 BJAUTO 2.270 UNCH 5111.2 2.262 13.02 4.25 2,603.1 0.440 0.336 0.375 0.365 3395 BJCORP 0.370 0.005 8630 0.370 — 2.70 1,729.1 2.776 1.810 1.900 1.840 5196 BJFOOD 1.900 0.060 35.3 1.849 37.48 1.71 718.7 0.855 0.610 0.700 0.690 4219 BJLAND 0.700 UNCH 10 0.695 — — 3,500.2 0.480 0.330 0.400 0.395 6025 BJMEDIA 0.400 UNCH 4 0.400 — — 94.0 3.427 2.823 3.050 3.000 1562 BJTOTO 3.000 -0.050 1769.2 3.012 14.46 5.49 4,053.1 0.215 0.119 0.145 0.140 7036 BORNOIL 0.145 UNCH 980 0.142 19.08 — 431.1 1.170 0.555 0.955 0.945 9474 BRAHIMS 0.955 0.005 132.3 0.948 — — 225.7 4.281 3.240 3.330 3.300 2771 BSTEAD 3.300 -0.030 234.2 3.310 257.81 6.06 3,412.8 1.030 0.445 0.460 0.450 5257 CARIMIN 0.460 -0.010 17 0.459 — — 107.6 2.140 0.990 1.770 1.760 5245 CARING 1.770 UNCH 5.2 1.766 53.64 1.13 385.3 3.872 2.168 3.280 3.170 2925 CCB 3.200 UNCH 38.7 3.190 5.86 1.56 322.4 1.079 0.705 0.840 0.820 7117 CENTURY 0.835 -0.005 1056.1 0.831 9.66 4.79 319.2 0.508 0.332 0.490 0.455 7209 CHEETAH 0.490 0.035 61 0.470 33.79 1.53 62.5 0.600 0.400 0.430 0.400 7016 CHUAN 0.430 UNCH 55 0.421 — 1.33 72.5 0.105 0.060 0.080 0.075 5104 CNI 0.080 UNCH 80 0.078 — 3.75 57.6 1.030 0.650 0.770 0.770 5136 COMPLET 0.770 -0.005 12 0.770 24.84 3.90 94.3 0.055 0.040 0.055 0.045 5037 COMPUGT 0.045 -0.005 38163.4 0.050 75.00 — 96.0 2.040 1.356 2.000 1.980 5184 CYPARK 2.000 0.020 121.1 1.980 9.54 2.50 497.3 0.130 0.075 0.080 0.075 0091 DAYA 0.080 UNCH 957.3 0.077 — — 138.9 2.700 0.990 1.180 1.150 5141 DAYANG 1.160 0.020 3027.9 1.165 5.91 6.03 1,017.4 1.529 0.870 1.180 1.160 5132 DELEUM 1.170 0.020 99.4 1.170 10.55 4.70 468.0 0.685 0.480 0.620 0.605 7212 DESTINI 0.610 0.005 565.9 0.610 23.46 — 576.0 1.679 1.284 1.540 1.510 7277 DIALOG 1.510 -0.020 12018.6 1.524 26.92 1.46 7,932.7 5.193 3.530 3.900 3.890 5908 DKSH 3.890 UNCH 4 3.898 16.65 2.44 613.3 1.697 0.977 1.260 1.230 5216 DSONIC 1.250 UNCH 1364.4 1.242 33.07 1.60 1,687.5 0.395 0.240 0.270 0.270 2097 EASTLND 0.270 0.005 20 0.270 7.38 — 66.3 1.476 0.738 1.080 1.060 5259 EATECH 1.080 0.020 29 1.070 13.88 2.08 544.3 0.450 0.210 — — 5036 EDARAN 0.275 — — — — — 16.5 0.320 0.195 0.240 0.230 7471 EDEN 0.230 -0.005 1255 0.234 — — 71.6 3.960 2.718 3.800 3.630 1368 EDGENTA 3.700 -0.100 72.3 3.710 15.75 4.05 3,077.0 0.366 0.178 0.300 0.290 0064 EFFICEN 0.300 0.010 3684.5 0.299 4.28 — 212.7

1.097 0.810 0.880 0.850 5081 EIG 0.880 0.055 5.5 0.861 9.81 3.98 204.5 1.567 1.047 — — 5208 EITA 1.310 — — — 8.06 3.05 170.3 1.450 0.710 1.350 1.350 7189 EKIB 1.350 UNCH 10 1.350 24.82 — 124.0 1.380 0.970 1.200 1.160 5056 ENGTEX 1.200 0.020 876 1.183 8.81 0.63 364.8 0.802 0.481 0.615 0.605 6939 FIAMMA 0.615 0.010 524.1 0.609 4.92 4.07 325.9 0.655 0.425 0.445 0.435 9318 FITTERS 0.440 UNCH 180.6 0.439 22.80 1.36 211.3 1.519 1.200 1.250 1.200 7210 FREIGHT 1.250 -0.010 8.1 1.207 10.53 4.00 218.1 0.340 0.145 0.160 0.155 0128 FRONTKN 0.155 UNCH 768 0.155 38.75 — 163.3 0.370 0.110 — — 9377 FSBM 0.220 — — — — — 28.1 2.794 1.892 2.360 2.290 5209 GASMSIA 2.310 -0.040 324.4 2.304 27.24 3.58 2,966.0 1.800 0.815 1.550 1.540 0078 GDEX 1.550 UNCH 67.6 1.543 62.50 0.65 2,144.0 4.640 3.722 4.380 4.310 4715 GENM 4.360 0.010 2315.1 4.351 19.63 1.63 25,889.9 9.900 6.510 8.870 8.520 3182 GENTING 8.800 0.240 3628.5 8.704 23.57 0.40 32,940.1 1.880 1.034 1.720 1.690 3204 GKENT 1.700 -0.020 101 1.697 10.18 2.06 510.7 0.503 0.380 0.430 0.410 7676 GUNUNG 0.430 0.010 91 0.410 — 1.40 101.5 2.600 1.773 2.590 2.580 7668 HAIO 2.590 UNCH 29.8 2.584 14.75 5.79 523.7 0.070 0.060 — — 7110 HAISAN 0.065 — — — — — 5.2 0.410 0.265 — — 7253 HANDAL 0.280 — — — 7.43 — 44.8 7.930 4.119 7.690 7.560 3034 HAPSENG 7.670 0.020 1692.1 7.641 18.15 2.61 17,924.2 1.412 1.100 1.130 1.120 2062 HARBOUR 1.130 -0.010 13.8 1.128 8.63 2.21 452.5 3.458 2.800 3.060 3.030 5008 HARISON 3.030 UNCH 67 3.042 13.25 4.95 207.5 0.017 0.005 0.010 0.005 7013 HUBLINE 0.010 UNCH 1691.7 0.010 — — 107.5 0.590 0.250 0.380 0.375 5255 ICON 0.375 UNCH 1126.4 0.376 — — 441.4 6.790 5.320 6.630 6.560 5225 IHH 6.570 UNCH 6615.7 6.583 57.73 0.46 54,061.9 0.882 0.683 0.800 0.795 5614 ILB 0.800 0.010 56.7 0.798 — 3.13 142.4 1.630 0.920 1.000 0.945 5673 IPMUDA 1.000 UNCH 70 0.983 41.32 3.00 72.5 0.335 0.205 0.260 0.250 8923 JIANKUN 0.255 -0.005 142.7 0.255 — — 38.7 1.980 1.450 1.840 1.810 0058 JOBST 1.810 UNCH 64.6 1.815 9.91 1.93 253.4 0.490 0.315 — — 8672 KAMDAR 0.330 — — — — — 65.3 0.450 0.290 — — 5079 KBES 0.350 — — — — — 44.1 1.971 1.638 1.840 1.830 6491 KFIMA 1.840 UNCH 104.5 1.840 11.16 4.62 509.9 0.389 0.230 0.255 0.250 0151 KGB 0.250 -0.010 27 0.254 — 2.00 55.0 1.924 1.250 — — 5035 KNUSFOR 1.410 — — — 81.03 1.42 140.5 4.379 3.904 4.240 4.180 5878 KPJ 4.220 0.010 200.2 4.220 32.31 1.66 4,461.4 1.499 0.955 1.020 1.000 5843 KPS 1.020 -0.010 103.1 1.006 12.86 3.92 509.0 0.650 0.350 0.595 0.585 9121 KPSCB 0.595 0.005 590.1 0.588 2.77 — 88.0 0.325 0.170 0.190 0.185 4847 KTB 0.190 0.005 377 0.185 61.29 — 76.5 0.420 0.235 0.310 0.295 6874 KUB 0.300 0.005 1888.6 0.301 20.83 1.67 166.9 0.350 0.180 — — 7170 LFECORP 0.300 — — — 30.61 — 54.5 0.735 0.500 0.680 0.675 8486 LIONFIB 0.675 UNCH 75 0.676 — — 156.3 1.940 0.969 1.650 1.620 5143 LUXCHEM 1.630 -0.020 81.8 1.635 9.51 3.99 442.7 2.666 2.320 2.350 2.330 3859 MAGNUM 2.330 -0.010 581.6 2.343 14.57 6.87 3,350.0 1.833 1.151 1.610 1.600 5264 MALAKOF 1.600 UNCH 1284.1 1.601 3.27 4.38 8,000.0 0.175 0.135 0.160 0.155 3514 MARCO 0.160 UNCH 3667.4 0.160 8.56 4.38 168.7 7.034 5.360 5.450 5.390 6012 MAXIS 5.430 -0.030 1501.8 5.430 22.05 3.68 40,780.7 1.139 0.510 0.865 0.830 5077 MAYBULK 0.845 0.025 6663.2 0.849 — 1.18 845.0 3.410 1.914 2.200 2.200 5983 MBMR 2.200 0.040 0.1 2.200 10.23 3.18 859.6 1.550 0.997 1.410 1.390 4502 MEDIA 1.390 UNCH 167.6 1.401 11.12 7.19 1,541.8 0.750 0.484 0.730 0.725 5090 MEDIAC 0.725 0.005 79 0.727 10.77 5.81 1,223.2 0.950 0.650 — — 7234 MESB 0.720 — — — 146.94 — 30.2 2.306 1.654 1.720 1.710 3069 MFCB 1.720 UNCH 279.9 1.719 5.88 4.44 691.3 1.380 0.875 1.180 1.150 5186 MHB 1.160 UNCH 1558 1.164 — — 1,856.0 9.171 6.880 7.530 7.350 3816 MISC 7.510 0.070 1941 7.498 13.14 3.99 33,523.1 2.646 1.490 2.140 2.110 2194 MMCCORP 2.140 UNCH 212.3 2.121 26.68 1.78 6,516.4 0.540 0.330 0.370 0.360 0059 MMODE 0.360 -0.005 327 0.364 6.28 1.67 58.6 0.125 0.060 0.065 0.065 0043 MTRONIC 0.065 -0.005 141 0.065 10.83 — 49.3 0.210 0.155 0.175 0.170 3891 MUIIND 0.175 UNCH 406 0.170 — — 513.2 0.376 0.236 0.265 0.260 3905 MULPHA 0.260 -0.005 2567.7 0.261 3.27 — 889.9 2.380 1.241 2.040 2.000 0138 MYEG 2.010 -0.030 1879.4 2.015 47.74 0.60 4,832.5 0.945 0.560 — — 9806 NATWIDE 0.790 — — — — — 47.5 0.120 0.065 0.070 0.065 4464 NICORP 0.070 0.005 455 0.070 38.89 — 60.4 0.973 0.660 — — 5533 OCB 0.835 — — — 13.87 1.20 85.9 0.840 0.583 0.795 0.775 0172 OCK 0.780 -0.005 2816.9 0.783 13.76 0.77 617.9 1.706 1.207 1.410 1.400 5201 OLDTOWN 1.400 UNCH 54.5 1.406 14.21 4.29 648.5 0.145 0.085 0.100 0.095 3018 OLYMPIA 0.100 UNCH 274 0.099 11.49 — 102.3 2.750 1.646 2.240 2.210 5260 OWG 2.240 -0.010 91.2 2.220 26.48 — 524.2 0.496 0.378 0.470 0.455 8419 PANSAR 0.460 0.010 545 0.462 14.84 4.89 128.8 0.715 0.445 0.570 0.560 5125 PANTECH 0.565 UNCH 62.3 0.567 9.01 3.72 348.3 1.979 0.865 0.910 0.895 5657 PARKSON 0.910 0.005 789.8 0.905 — — 995.5 1.410 0.896 1.150 1.110 5041 PBA 1.150 0.040 140.8 1.119 10.03 3.26 381.0 0.130 0.055 0.070 0.065 6254 PDZ 0.065 -0.005 719.1 0.069 — — 56.5 1.418 0.816 1.280 1.270 5133 PENERGY 1.280 0.020 131 1.270 8.72 1.56 411.8 1.570 1.400 — — 7108 PERDANA 1.540 — — — — 1.30 1,198.8 0.540 0.230 0.260 0.250 0047 PERISAI 0.260 0.010 8278 0.257 — — 317.9 0.240 0.135 0.175 0.170 7080 PERMAJU 0.170 UNCH 221.8 0.170 — — 33.3 7.047 4.718 6.780 6.730 5219 PESTECH 6.730 0.010 106.1 6.755 16.54 1.04 1,255.8 26.089 18.351 23.300 22.680 5681 PETDAG 23.280 0.560 591.6 23.101 28.79 2.58 23,127.6 0.250 0.030 — — 7027 PETONE 0.055 — — — 0.48 — 2.8 6.998 5.176 5.600 5.590 7081 PHARMA 5.600 0.010 1691.5 5.599 17.26 4.82 1,449.7 0.270 0.155 0.165 0.155 7201 PICORP 0.155 UNCH 50.4 0.155 — 3.94 102.0 0.415 0.205 0.220 0.210 7163 PJBUMI 0.210 -0.010 75 0.214 — — 10.5 4.904 2.040 2.820 2.780 4634 POS 2.800 UNCH 103.4 2.792 21.91 4.68 1,503.7 3.259 1.559 2.420 2.380 5204 PRESBHD 2.400 -0.020 899.5 2.395 67.42 1.56 1,161.6 3.310 2.410 2.530 2.530 8346 PRKCORP 2.530 -0.040 1.6 2.530 3.16 — 253.0 1.150 1.000 1.050 1.020 5272 RANHILL 1.050 0.020 223.9 1.031 25.06 — 932.7 0.200 0.100 0.160 0.150 0037 RGB 0.155 0.005 2920.7 0.155 9.28 3.23 204.3 0.450 0.340 0.375 0.365 8885 RPB 0.370 0.005 85.2 0.366 — — 317.7 0.873 0.545 0.650 0.630 8567 SALCON 0.645 0.010 418.1 0.640 19.55 3.10 437.1 0.917 0.591 0.750 0.650 5147 SAMCHEM 0.750 -0.030 15 0.688 25.25 4.67 102.0 0.660 0.430 — — 7185 SAMUDRA 0.450 — — — 8.75 — 83.6 0.165 0.090 0.125 0.120 9113 SANBUMI 0.125 0.005 35.2 0.120 — — 23.7 2.450 1.543 2.340 2.290 0099 SCICOM 2.320 0.040 120.8 2.322 20.70 3.45 824.7 0.250 0.135 0.175 0.175 7158 SCOMI 0.175 UNCH 226.3 0.175 6.48 — 335.6 0.435 0.195 0.225 0.210 7045 SCOMIES 0.220 0.010 722.7 0.217 10.33 — 515.2 1.310 0.968 — — 7053 SEEHUP 1.060 — — — 4.63 4.25 55.4 1.404 1.200 1.270 1.250 9792 SEG 1.270 0.020 59 1.265 34.05 10.24 950.1 1.747 1.293 1.370 1.360 5250 SEM 1.370 0.010 347.7 1.365 30.04 1.68 1,689.7 8.808 6.485 7.430 7.200 4197 SIME 7.400 0.140 5367.1 7.397 23.25 3.38 46,820.3 0.900 0.720 — — 9431 SJC 0.740 — — — 22.16 1.35 30.0 2.767 1.360 1.620 1.580 5218 SKPETRO 1.610 0.030 13531.2 1.600 — 1.25 9,647.4 1.530 1.310 1.360 1.360 5242 SOLID 1.360 UNCH 3 1.360 29.18 1.91 225.2 2.470 2.206 2.470 2.430 6084 STAR 2.450 0.030 137.1 2.457 13.62 7.35 1,809.5 3.427 2.380 — — 9865 SUIWAH 2.390 — — — 17.96 2.51 145.8 0.215 0.100 0.120 0.110 1201 SUMATEC 0.115 UNCH 21664.7 0.115 10.55 — 444.6 2.658 1.877 2.280 2.200 6521 SURIA 2.280 0.060 20.6 2.201 5.11 3.07 657.1 0.440 0.330 0.355 0.355 5173 SYSCORP 0.355 0.005 20 0.355 95.95 — 426.0 1.662 1.192 1.460 1.400 8524 TALIWRK 1.440 0.040 2428.3 1.440 19.05 5.56 1,741.7 2.191 1.471 — — 5140 TASCO 1.590 — — — 11.47 2.83 318.0 14.600 10.103 14.040 13.980 5347 TENAGA 14.000 UNCH 6015.8 14.011 16.10 2.07 79,010.6 1.850 1.229 1.630 1.610 8702 TEXCHEM 1.630 -0.010 6.7 1.613 20.12 9.20 202.3 0.510 0.300 0.320 0.315 7228 TGOFFS 0.320 UNCH 133 0.320 — — 122.1 0.300 0.120 0.125 0.120 7206 THHEAVY 0.125 UNCH 971.7 0.124 — — 140.1 7.337 5.792 6.690 6.540 4863 TM 6.660 0.030 4571 6.656 35.58 3.21 25,027.8 0.815 0.460 0.785 0.770 0101 TMCLIFE 0.785 UNCH 283 0.778 76.96 0.18 1,360.3 1.500 0.882 1.280 1.270 8397 TNLOGIS 1.280 0.020 151 1.275 6.82 3.13 538.5 0.550 0.330 — — 7218 TOCEAN 0.500 — — — 83.33 — 20.5 2.858 2.720 — — 5711 TSTORE 2.720 — — — 18.27 1.38 186.3 1.321 0.900 — — 5167 TURBO 1.000 — — — 12.77 5.00 108.0 2.989 2.218 — — 7137 UMS 2.640 — — — 6.36 2.27 107.4 2.070 0.860 0.920 0.905 5243 UMWOG 0.910 UNCH 2170.5 0.911 — 1.10 1,967.4 1.430 1.130 1.200 1.180 7091 UNIMECH 1.200 -0.010 171.4 1.198 14.94 2.92 154.3 0.700 0.500 — — 5754 UTUSAN 0.520 — — — — — 57.6 2.600 1.560 1.970 1.900 7250 UZMA 1.970 0.090 125.8 1.947 91.63 1.92 573.1 0.815 0.370 — — 7240 VOIR 0.720 — — — — — 95.0 3.000 2.130 — — 5016 WARISAN 2.250 — — — 127.84 3.11 151.2 0.545 0.420 — — 7692 WIDETEC 0.440 — — — 20.66 — 19.7 4.541 3.566 4.290 4.190 5246 WPRTS 4.220 -0.010 2544.6 4.225 25.89 2.63 14,390.2 1.438 0.744 1.030 1.010 5267 XINHWA 1.030 0.030 174.5 1.025 11.38 1.46 185.4 0.080 0.025 0.035 0.035 7122 YFG 0.035 UNCH 85 0.035 — — 21.3 3.236 2.310 2.710 2.690 7293 YINSON 2.700 0.010 225.4 2.700 12.75 0.56 2,950.6 0.900 0.435 0.885 0.870 7066 YONGTAI 0.880 0.010 1407.3 0.878 111.39 — 141.1 1.710 1.349 1.610 1.590 4677 YTL 1.600 UNCH 5339.8 1.598 18.14 5.94 17,270.4FINANCE 14.355 10.780 13.440 13.200 5139 AEONCR 13.400 0.060 80.3 13.313 8.99 4.44 1,929.6 2.839 2.028 2.210 2.180 5185 AFFIN 2.210 0.010 157.1 2.197 11.63 3.62 4,293.9 4.631 3.070 3.970 3.890 2488 AFG 3.960 0.050 504.8 3.945 12.45 3.64 6,130.5 13.200 9.770 10.040 9.950 1163 ALLIANZ 9.950 -0.090 60.5 10.037 5.42 0.65 1,684.8 12.680 9.650 — — 1163PA ALLIANZ-PA 9.900 — — — — 0.79 911.1 6.176 4.126 4.450 4.390 1015 AMBANK 4.410 -0.060 1095.6 4.423 8.59 4.60 13,292.6 1.970 1.370 1.700 1.700 5088 APEX 1.700 0.020 2 1.700 18.70 2.94 363.1 4.148 3.170 4.020 3.920 5258 BIMB 3.960 0.040 718.2 3.971 11.23 3.08 6,291.2 8.950 7.329 8.700 8.560 1818 BURSA 8.690 0.130 17.7 8.658 23.07 3.97 4,651.6 5.868 3.841 4.400 4.310 1023 CIMB 4.320 0.020 21191.2 4.339 12.82 3.24 37,708.7 0.500 0.310 0.350 0.350 2143 ECM 0.350 UNCH 100 0.350 8.12 — 100.3 1.313 1.192 1.260 1.250 5228 ELKDESA 1.250 UNCH 79.2 1.252 8.95 5.49 234.6 13.760 11.509 13.440 13.160 5819 HLBANK 13.440 0.140 877.2 13.371 12.33 2.99 29,134.1 10.100 7.327 — — 5274 HLCAP 10.100 — — — 30.40 0.84 2,493.7 16.155 12.153 15.000 14.880 1082 HLFG 14.960 -0.040 201.3 14.932 9.90 2.51 17,166.9 2.640 1.778 2.160 2.160 6688 HWANG 2.160 -0.020 1.6 2.160 14.88 4.63 551.1 0.961 0.572 0.680 0.665 3379 INSAS 0.680 0.010 54.1 0.670 5.44 1.47 471.5 0.920 0.851 — — 3379PA INSAS-PA 0.915 — — — — 4.37 121.3 0.195 0.105 0.135 0.130 3441 JOHAN 0.135 UNCH 482.1 0.130 — — 84.1 2.690 1.750 2.690 2.690 5096 KAF 2.690 UNCH 43.5 2.690 72.70 3.72 322.8 0.754 0.460 0.500 0.500 6483 KENANGA 0.500 UNCH 23 0.500 32.05 2.00 365.9 15.804 13.847 15.380 15.300 8621 LPI 15.380 0.080 13.3 15.342 15.51 4.55 5,105.9 1.280 0.624 1.170 1.150 1198 MAA 1.150 -0.020 357.8 1.156 13.87 5.22 336.6 3.080 2.650 — — 1058 MANULFE 2.780 — — — 15.82 3.24 562.6 8.886 7.901 8.550 8.450 1155 MAYBANK 8.530 0.080 7535.9 8.535 11.84 6.33 83,368.9 1.913 1.210 1.250 1.210 1171 MBSB 1.240 0.010 803.1 1.237 19.59 2.42 3,522.5 4.180 2.820 2.980 2.950 6459 MNRB 2.980 -0.020 25 2.953 9.10 — 634.9 1.950 1.290 1.440 1.420 5237 MPHBCAP 1.430 UNCH 149.2 1.432 15.84 — 1,022.5 1.455 1.209 1.310 1.310 6009 P&O 1.310 -0.010 11.7 1.310 13.10 7.40 322.2 19.380 16.745 19.200 19.000 1295 PBBANK 19.160 0.160 4905.8 19.128 14.45 2.92 74,381.8 0.960 0.727 0.760 0.755 9296 RCECAP 0.755 0.005 116.1 0.758 5.51 7.95 257.4

7 0 4 1PROP 0 1 0 0 0 0 0 1 2 2 2 1 1 0 1 1 2 1 0 0 0 0 1 0 1 0 1 2 2 0 1 0 0 1 1 0 1 1 0 1 1 0 2 1 0 0 0 2 0 0 1 1 0 2 2 1 2 0 1 2 0 1 1 1 0 3 0 1 5 3 1 3 0 0 8 0 1 0 0 0 1 1 1 2 1 1 2 0MINI 1PLAN 2 18 9 1 0 9 0 8 2 11 1 1 1 2 3 0 0 5 24 3 3 0 4 1 1 0 2 4 0 1 0 4 3 0 5 2 0 1 1 2 6 27HOTE 0 1 0 6TECH 0 0 0 0 0 0 0 1 1 2 1 0 0 6 0 3 0 0 5 0 10

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

* Volu* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

2 7


AP IL)

4.50.34.04.85.91.38.13.38.16.04.09.90.10.71.53.75.24.84.22.57.57.51.41.92.42.58.73.45.34.19.95.00.51.49.08.06.56.94.56.32.70.00.08.70.75.09.61.83.20.21.36.03.16.48.69.33.29.92.57.50.45.97.98.52.34.28.88.35.51.06.51.88.87.93.35.87.62.89.72.00.53.71.63.02.74.37.77.12.03.63.74.75.65.25.40.19.70.30.07.45.29.55.84.67.16.01.78.00.62.32.10.17.80.38.50.56.38.07.47.44.37.63.15.01.29.70.25.41.30.61.10.4

9.63.90.54.81.12.63.11.21.68.70.34.64.13.76.91.11.51.34.12.85.95.96.62.68.92.54.92.52.21.87.4



7.352 4.911 5.940 5.830 1066 RHBCAP 5.880 -0.020 1081.6 5.895 10.12 2.04 18,079.1 0.700 0.505 0.545 0.535 4898 TA 0.540 0.005 192 0.539 — 1.02 924.4 4.440 3.654 4.030 3.960 6139 TAKAFUL 4.000 UNCH 448.3 4.007 20.86 3.59 3,280.7 1.860 1.100 1.570 1.460 5230 TUNEPRO 1.540 0.100 9300.9 1.518 16.79 3.25 1,157.7PROPERTIES 0.992 0.693 0.880 0.880 1007 AMPROP 0.880 UNCH 106.7 0.880 6.21 3.41 529.0 1.070 0.760 1.020 1.000 5959 A&M 1.000 UNCH 147 1.011 16.23 1.50 365.1 0.495 0.354 0.425 0.425 1007PA AMPROP-PA 0.425 -0.015 3.5 0.425 — 4.71 125.7 0.295 0.155 0.180 0.175 4057 ASIAPAC 0.180 UNCH 277.4 0.180 0.46 1.67 178.7 0.680 0.460 0.500 0.495 6602 BCB 0.495 UNCH 37.8 0.495 5.88 — 204.2 0.710 0.475 0.480 0.480 9814 BERTAM 0.480 UNCH 60 0.480 7.80 — 99.2 0.909 0.751 0.800 0.775 3239 BJASSET 0.800 0.020 126 0.781 23.05 1.25 890.4 1.420 0.900 1.030 0.960 5738 CHHB 1.000 UNCH 109 0.990 — — 275.7 2.342 1.590 1.680 1.600 6718 CRESNDO 1.660 0.020 41 1.657 21.17 3.01 465.6 2.465 1.434 1.520 1.510 5049 CVIEW 1.510 -0.010 54 1.511 7.14 13.25 151.0 2.595 1.939 — — 5355 DAIMAN 2.280 — — — 16.03 2.19 483.8 1.080 0.430 0.740 0.735 3484 DBHD 0.735 0.005 69.7 0.739 — — 227.4 1.910 1.380 1.610 1.580 3417 E&O 1.600 UNCH 317.4 1.598 13.14 1.88 2,015.7 0.340 0.210 0.260 0.255 3557 ECOFIRS 0.260 0.005 142.1 0.255 9.81 — 189.8 1.760 1.170 1.330 1.270 8206 ECOWLD 1.300 0.040 2827.9 1.306 44.83 — 3,073.5 1.200 0.645 0.670 0.655 6076 ENCORP 0.670 UNCH 8.3 0.656 — — 186.7 2.950 1.750 2.120 2.020 8613 ENRA 2.120 0.120 2.5 2.100 28.38 — 288.8 1.000 0.655 0.750 0.750 6815 EUPE 0.750 UNCH 5 0.750 12.56 2.00 96.0 0.626 0.445 0.545 0.530 6041 FARLIM 0.530 0.005 49 0.536 5.86 3.77 74.4 0.908 0.693 0.800 0.780 5020 GLOMAC 0.785 -0.015 8.8 0.786 6.41 5.41 571.3 0.498 0.332 0.400 0.400 9962 GMUTUAL 0.400 -0.005 10 0.400 9.39 5.00 150.2 0.665 0.425 0.505 0.500 1147 GOB 0.500 UNCH 360.8 0.500 4.16 — 227.3 1.459 1.005 1.280 1.250 1503 GUOCO 1.270 0.010 151.3 1.262 4.28 1.57 889.6 0.750 0.430 — — 7010 HOOVER 0.480 — — — — — 19.2 1.976 1.547 1.830 1.830 5062 HUAYANG 1.830 -0.010 10.5 1.830 4.08 7.10 483.1 0.668 0.455 0.510 0.500 4251 IBHD 0.505 -0.005 154.1 0.501 12.47 2.99 501.0 1.313 0.950 1.020 1.020 5084 IBRACO 1.020 0.020 3 1.020 14.01 3.43 506.3 2.824 2.213 2.470 2.350 1597 IGB 2.370 -0.080 359.4 2.383 14.58 4.22 3,234.6 2.450 1.735 2.270 2.230 5249 IOIPG 2.230 -0.040 792 2.256 8.96 2.69 9,864.7 0.480 0.315 0.465 0.440 5175 IVORY 0.460 0.025 2653.1 0.452 10.80 — 204.9 1.270 0.745 1.050 1.010 1589 IWCITY 1.030 0.010 4261.2 1.030 100.98 — 689.8 0.325 0.185 0.205 0.195 6769 JKGLAND 0.200 0.005 347.3 0.199 7.97 1.00 151.7 0.075 0.040 0.050 0.045 3115 KBUNAI 0.050 UNCH 5690.1 0.050 — — 288.8 1.200 0.850 1.000 1.000 7323 KEN 1.000 0.020 6 1.000 7.69 3.00 191.7 1.889 1.170 1.190 1.170 5038 KSL 1.180 UNCH 233.1 1.182 4.24 5.93 1,196.1 0.510 0.324 0.340 0.335 3174 L&G 0.340 UNCH 268.6 0.340 7.76 5.88 371.7 1.548 1.209 1.360 1.340 8494 LBICAP 1.340 -0.020 18.8 1.355 6.26 3.73 101.1 1.630 1.179 1.580 1.560 5789 LBS 1.570 UNCH 748.1 1.573 11.10 2.23 881.5 0.355 0.230 0.250 0.245 3573 LIENHOE 0.250 UNCH 366 0.250 — — 90.4 1.129 0.805 1.000 0.995 7617 MAGNA 1.000 -0.010 20 0.999 1.60 8.00 332.9 1.692 1.240 1.490 1.460 8583 MAHSING 1.490 UNCH 133.4 1.489 9.34 4.36 3,590.0 0.891 0.607 0.700 0.680 6181 MALTON 0.680 -0.015 49.6 0.687 9.16 4.41 304.9 2.649 1.999 2.520 2.490 5236 MATRIX 2.490 0.040 707 2.506 6.40 5.78 1,405.5 1.380 1.032 — — 5182 MCT 1.220 — — — 21.22 1.64 1,628.4 0.615 0.495 0.515 0.515 5040 MEDAINC 0.515 UNCH 17.9 0.515 — — 253.7 0.980 0.555 0.830 0.815 1694 MENANG 0.825 -0.005 252 0.824 6.70 — 220.4 0.440 0.275 0.345 0.320 8141 MJPERAK 0.335 0.010 593.5 0.330 6.88 — 86.1 2.810 1.842 2.540 2.460 6114 MKH 2.460 UNCH 88.5 2.484 8.71 2.85 1,031.8 0.457 0.286 0.335 0.330 8893 MKLAND 0.330 -0.005 435 0.332 9.82 9.09 398.4 0.255 0.145 0.205 0.205 6548 MPCORP 0.205 UNCH 30 0.205 — — 59.0 1.482 0.775 1.200 1.180 1651 MRCB 1.200 0.010 994.5 1.193 6.48 2.08 2,263.9 1.500 0.790 0.800 0.790 9539 MUH 0.800 UNCH 6.5 0.799 5.06 — 45.1 0.390 0.265 0.290 0.280 3913 MUIPROP 0.290 0.005 1096.1 0.284 — — 221.6 2.780 1.950 2.170 2.140 5073 NAIM 2.160 -0.010 233.2 2.165 14.91 1.62 540.0 2.980 1.451 — — 5827 OIB 2.600 — — — 12.18 2.88 376.7 1.993 1.473 1.590 1.580 5053 OSK 1.580 -0.010 130.4 1.586 3.33 3.16 2,216.6 2.051 1.374 1.510 1.490 1724 PARAMON 1.490 -0.010 649.3 1.501 11.61 5.54 630.2 0.510 0.280 0.450 0.430 6912 PASDEC 0.440 -0.010 1050.5 0.438 — — 90.6 1.477 1.253 1.360 1.340 1945 PJDEV 1.340 0.010 18.2 1.351 10.75 5.60 708.7 2.245 1.679 1.730 1.720 5075 PLENITU 1.730 -0.010 21 1.721 3.96 2.60 660.1 0.285 0.195 0.275 0.250 2208 PTGTIN 0.275 0.015 1400.3 0.265 — — 95.2 1.730 0.715 1.100 1.100 4596 SAPRES 1.100 -0.020 5 1.100 51.89 2.27 153.6 1.054 0.625 0.700 0.695 5207 SBCCORP 0.700 0.005 129.2 0.700 11.08 2.29 164.4 1.080 0.855 0.990 0.945 2224 SDRED 0.980 0.035 61.8 0.967 5.74 3.06 417.6 0.660 0.450 0.470 0.470 4286 SEAL 0.470 UNCH 33 0.470 — — 104.1 3.308 2.740 2.990 2.970 6017 SHL 2.990 0.020 3.8 2.974 6.92 8.36 723.9 0.200 0.130 — — 4375 SMI 0.135 — — — — — 28.3 1.074 0.726 0.775 0.770 5213 SNTORIA 0.775 UNCH 12.3 0.770 12.38 2.58 375.2 5.482 4.111 4.970 4.950 1783 SPB 4.950 UNCH 242 4.951 3.27 2.42 1,700.9 3.415 2.800 3.200 3.090 8664 SPSETIA 3.180 -0.020 393.2 3.186 10.45 3.05 8,358.6 1.150 0.810 0.855 0.830 3743 SUNSURIA 0.830 -0.010 161 0.831 14.77 — 663.0 3.240 2.836 3.120 3.090 5211 SUNWAY 3.110 0.020 433.2 3.110 7.45 3.54 6,186.0 0.845 0.690 0.720 0.700 1538 SYMLIFE 0.700 -0.010 164.8 0.703 21.28 7.14 217.0 0.325 0.225 0.245 0.240 5158 TAGB 0.240 -0.005 316.4 0.242 27.59 1.38 1,277.2 8.648 6.000 — — 2305 TAHPS 6.300 — — — 19.99 5.08 471.6 0.080 0.045 0.055 0.050 2259 TALAMT 0.050 UNCH 1378.8 0.050 125.00 — 211.0 1.725 1.133 1.390 1.380 5191 TAMBUN 1.380 0.010 67 1.386 5.77 7.03 586.6 0.180 0.095 0.100 0.095 2429 TANCO 0.095 UNCH 131.3 0.100 — — 31.8 0.760 0.250 0.300 0.280 7889 THRIVEN 0.280 0.005 3932.4 0.288 96.55 — 105.5 0.095 0.045 0.055 0.045 7079 TIGER 0.055 0.005 7938.5 0.050 — — 76.5 1.944 1.350 1.400 1.400 5239 TITIJYA 1.400 UNCH 9.5 1.400 6.35 3.21 504.0 1.149 0.774 1.050 1.020 5401 TROP 1.040 UNCH 407.2 1.034 7.98 6.73 1,505.4 1.370 0.755 1.040 1.030 5148 UEMS 1.030 UNCH 1874.5 1.034 18.17 1.55 4,673.6 2.280 1.680 2.210 2.180 5200 UOADEV 2.200 0.020 196.4 2.199 7.82 5.91 3,345.7 1.601 1.113 1.150 1.150 2976 WINGTM 1.150 UNCH 17.5 1.150 11.13 2.61 560.0 1.764 0.901 — — 7003 Y&G 1.020 — — — 7.03 8.58 203.4 2.060 1.474 1.910 1.870 3158 YNHPROP 1.900 UNCH 693.2 1.881 44.29 — 838.7 0.795 0.595 0.625 0.620 2577 YTLLAND 0.620 UNCH 133 0.621 17.82 — 523.5MINING 1.400 1.140 1.230 1.210 2186 KUCHAI 1.230 0.020 12.1 1.215 — 0.69 152.2PLANTATIONS 2.020 1.000 1.880 1.810 7054 AASIA 1.870 UNCH 239.5 1.842 — 1.07 224.4 18.360 16.560 18.100 17.580 1899 BKAWAN 18.100 0.480 32.1 17.821 9.75 2.76 7,890.7 9.500 7.612 8.690 8.500 5069 BLDPLNT 8.690 0.190 10.1 8.502 — 0.23 812.5 1.568 1.053 1.470 1.450 5254 BPLANT 1.460 0.010 524.6 1.459 29.67 — 2,336.0 0.813 0.671 0.725 0.715 8982 CEPAT 0.715 -0.010 21 0.720 22.48 2.10 227.7 9.141 7.500 7.900 7.900 1929 CHINTEK 7.900 UNCH 1 7.900 27.40 2.03 721.8 0.580 0.380 0.450 0.445 3948 DUTALND 0.450 UNCH 245 0.446 6.36 — 380.8 8.194 6.910 — — 5029 FAREAST 7.860 — — — 15.59 3.18 1,111.3 2.027 1.166 1.430 1.390 5222 FGV 1.390 0.010 2873.7 1.403 156.18 2.88 5,070.9 11.560 8.494 10.500 10.340 2291 GENP 10.500 0.020 732.3 10.472 42.84 0.52 8,295.1 1.780 1.202 1.450 1.420 7382 GLBHD 1.440 0.010 10.3 1.445 — 0.69 321.0 1.450 0.934 — — 2135 GOPENG 1.420 — — — 34.55 2.11 254.6 1.070 0.790 — — 7501 HARNLEN 0.930 — — — — 8.60 172.5 2.508 1.881 2.300 2.290 5138 HSPLANT 2.300 0.050 3 2.297 19.07 3.48 1,840.0 3.800 2.990 — — 2216 IJMPLNT 3.500 — — — 60.66 1.71 3,082.0 0.735 0.593 0.700 0.700 2607 INCKEN 0.700 UNCH 20 0.700 — 1.67 294.5 0.785 0.545 0.665 0.655 6262 INNO 0.660 -0.005 169.4 0.662 13.33 — 315.5 5.040 3.622 4.180 4.100 1961 IOICORP 4.180 0.060 11423.1 4.151 — 1.91 27,010.4 24.780 19.357 23.140 22.740 2445 KLK 23.000 -0.100 1165.2 23.013 16.88 1.96 24,552.6 3.569 2.891 3.240 3.240 2453 KLUANG 3.240 UNCH 1.5 3.240 — 0.31 204.7 3.600 2.146 3.400 3.370 5027 KMLOONG 3.390 0.020 10 3.388 14.30 3.83 1,057.0 0.645 0.345 0.555 0.545 1996 KRETAM 0.550 -0.005 1675 0.551 — — 1,031.3 4.040 2.410 4.020 4.010 2003 KULIM 4.010 -0.010 453.6 4.011 39.31 2.37 5,638.9 1.850 1.410 — — 6572 KWANTAS 1.410 — — — — — 439.5 1.860 1.500 — — 4936 MALPAC 1.650 — — — — — 123.8 0.979 0.787 0.910 0.880 5026 MHC 0.910 0.010 10.2 0.885 45.05 1.65 178.9 2.850 1.930 — — 5047 NPC 2.330 — — — — 0.43 279.6 4.965 3.900 — — 2038 NSOP 4.100 — — — 54.74 1.46 287.8 0.350 0.200 0.270 0.255 1902 PINEPAC 0.255 -0.010 68.4 0.261 — — 38.2 1.220 0.800 — — 9695 PLS 1.000 — — — — — 326.7 0.675 0.465 0.540 0.525 5113 RSAWIT 0.525 UNCH 225.2 0.530 — — 744.7 4.080 3.442 — — 2542 RVIEW 3.820 — — — 39.54 1.57 247.7 3.300 2.653 3.080 3.070 2569 SBAGAN 3.070 -0.010 28 3.075 — 0.65 203.6 0.825 0.450 0.595 0.575 4316 SHCHAN 0.580 0.020 10.3 0.590 — — 66.7 5.030 3.610 4.300 4.210 5126 SOP 4.250 -0.050 16.8 4.255 17.33 1.18 1,877.3 2.189 1.654 1.940 1.900 5135 SWKPLNT 1.900 0.040 2.2 1.902 24.93 3.95 532.0 0.810 0.510 0.710 0.695 2054 TDM 0.700 0.005 241.8 0.703 14.61 2.14 1,037.2 1.610 1.090 1.200 1.160 5112 THPLANT 1.160 UNCH 190.6 1.177 16.55 1.72 1,025.3 1.730 1.150 1.660 1.660 5251 TMAKMUR 1.660 UNCH 419.5 1.660 — — 660.9 2.350 1.730 1.960 1.940 9059 TSH 1.950 0.020 24.1 1.953 — 1.03 2,623.6 6.312 5.280 5.930 5.880 2593 UMCCA 5.880 UNCH 14.1 5.883 24.88 2.72 1,230.2 27.080 23.977 27.080 26.300 2089 UTDPLT 27.080 0.780 13 26.902 18.49 1.48 5,636.3HOTELS 0.753 0.497 0.580 0.580 5592 GCE 0.580 0.050 6 0.580 — 3.45 114.3 1.420 0.840 0.900 0.890 1643 LANDMRK 0.900 UNCH 53 0.897 — — 432.7 0.345 0.205 0.300 0.295 1287 PMHLDG 0.300 UNCH 1190 0.296 3000 — 278.7 6.966 5.270 5.550 5.450 5517 SHANG 5.550 0.050 262.6 5.503 18.84 2.52 2,442.0TECHNOLOGY 0.900 0.620 — — 7031 AMTEL 0.650 — — — 39.16 — 32.0 0.400 0.195 0.255 0.250 5195 CENSOF 0.255 UNCH 692.3 0.253 10.76 — 127.9 0.200 0.100 0.125 0.125 0051 CUSCAPI 0.125 0.005 1001.8 0.125 — — 54.4 0.430 0.240 0.315 0.305 7204 D&O 0.305 -0.010 275.6 0.309 29.33 — 301.2 0.255 0.130 0.155 0.155 8338 DATAPRP 0.155 0.005 12.5 0.155 — — 59.4 0.235 0.150 0.170 0.160 0029 DIGISTA 0.170 0.010 2102.9 0.165 — — 86.5 0.290 0.180 0.240 0.230 4456 DNEX 0.240 UNCH 3828.3 0.238 16.67 4.17 186.1 1.780 1.160 1.550 1.550 5162 ECS 1.550 UNCH 13 1.550 8.64 3.87 279.0 1.870 0.517 1.710 1.650 0065 EFORCE 1.710 UNCH 894.6 1.687 46.85 1.75 353.6 2.056 1.149 1.580 1.580 0090 ELSOFT 1.580 0.010 3 1.580 10.98 5.06 286.2 1.250 0.710 0.880 0.850 0021 GHLSYS 0.865 -0.005 212.4 0.859 54.06 — 563.6 0.305 0.185 0.250 0.250 0082 GPACKET 0.250 0.005 1766.5 0.250 — — 172.6 0.319 0.240 0.260 0.255 0056 GRANFLO 0.260 UNCH 188.3 0.258 10.28 1.92 125.6 6.795 3.120 3.280 3.170 7022 GTRONIC 3.270 0.090 2219.3 3.244 15.90 3.36 921.7 0.743 0.550 0.575 0.575 5028 HTPADU 0.575 UNCH 10 0.575 63.19 3.48 58.2 3.924 2.181 2.750 2.690 0166 INARI 2.720 0.040 3065 2.716 14.85 2.85 2,600.8 0.200 0.100 0.135 0.135 9393 ITRONIC 0.135 -0.025 39 0.135 — — 13.9 0.872 0.555 0.680 0.670 5161 JCY 0.680 0.010 445.3 0.677 6.91 9.93 1,411.8 5.950 3.303 4.130 4.110 9334 KESM 4.110 UNCH 17.5 4.115 6.48 0.73 176.8 0.250 0.060 0.185 0.175 0143 KEYASIC 0.185 0.010 1193.4 0.182 — — 154.4 10.480 5.449 7.480 7.220 3867 MPI 7.280 0.100 176.1 7.291 9.03 3.16 1,528.0

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

1.400 0.890 — — 5011 MSNIAGA 1.000 — — — — — 60.4 0.495 0.360 0.410 0.395 0083 NOTION 0.400 -0.005 816 0.407 — — 108.2 0.765 0.410 0.475 0.465 9008 OMESTI 0.470 0.010 122.2 0.471 — — 183.1 0.360 0.245 — — 0041 PANPAGE 0.290 — — — 16.11 — 70.0 0.915 0.560 0.680 0.670 7160 PENTA 0.675 UNCH 246.8 0.675 7.53 — 98.9 0.475 0.235 — — 9075 THETA 0.410 — — — 18.22 — 44.0 0.105 0.035 0.045 0.040 0118 TRIVE 0.045 0.005 375.9 0.040 — — 54.4 2.520 1.498 2.270 2.220 5005 UNISEM 2.270 0.040 681.8 2.235 9.85 4.41 1,665.8 3.840 2.684 3.650 3.650 0097 VITROX 3.650 -0.120 2.3 3.650 19.20 0.55 853.7 0.932 0.621 0.660 0.655 0008 WILLOW 0.655 UNCH 85.8 0.656 8.82 3.05 162.4INFRASTRUCTURE PROJECT COMPANIES 5.826 4.310 4.450 4.380 6947 DIGI 4.440 0.050 4945.1 4.435 21.02 4.73 34,521.0 5.500 3.804 5.370 5.150 6645 LITRAK 5.360 -0.140 242.5 5.358 18.26 4.66 2,802.0 1.950 1.010 1.210 1.170 6807 PUNCAK 1.190 0.020 358.9 1.195 — — 534.6 0.575 0.335 0.395 0.385 5078 SILKHLD 0.395 0.010 735 0.389 — — 277.1 7.924 5.343 7.180 7.020 5031 TIMECOM 7.030 -0.150 386.7 7.135 8.65 0.95 4,046.5 1.600 1.400 1.470 1.460 6742 YTLPOWR 1.460 -0.010 2711.1 1.462 11.51 6.85 11,828.3CLOSED-END FUNDS 2.380 2.100 2.340 2.300 5108 ICAP 2.340 0.040 6.4 2.309 14.65 — 327.6EXCHANGE TRADED FUNDS 1.090 1.035 — — 0800EA ABFMY1 1.085 — — — — 5.24 1,432.7 1.805 1.550 1.655 1.655 0822EA CIMBA40 1.655 0.010 5 1.655 — 3.78 2.2 1.540 1.015 — — 0823EA CIMBC50 1.095 — — — — — 13.5 1.840 1.580 1.690 1.690 0820EA FBMKLCI-EA 1.690 UNCH 0.3 1.690 — 1.48 2.8 1.010 0.900 — — 0826EA METFAPA 0.929 — — — — — 17.7 1.015 0.850 — — 0825EA METFSID 0.863 — — — — 2.49 17.3 1.175 0.990 — — 0821EA MYETFDJ 1.035 — — — — 2.29 260.3 1.075 0.940 — — 0824EA MYETFID 0.989 — — — — 3.19 21.4REITS 1.040 0.875 1.010 1.010 4952 AHP 1.010 UNCH 20 1.010 8.21 6.93 101.0 1.570 1.243 1.520 1.520 5116 ALAQAR 1.520 UNCH 177.7 1.520 15.82 5.07 1,106.9 1.112 0.881 0.990 0.980 5269 ALSREIT 0.980 -0.005 22.5 0.980 38.43 1.22 568.4 0.858 0.672 0.730 0.725 5120 AMFIRST 0.730 UNCH 172 0.726 7.33 6.99 501.1 0.905 0.746 0.900 0.895 5127 ARREIT 0.895 UNCH 18.4 0.895 8.60 7.01 513.0 1.089 0.956 1.070 1.060 5130 ATRIUM 1.070 0.010 11 1.069 8.71 7.34 130.3 1.703 1.463 1.650 1.640 5106 AXREIT 1.650 UNCH 144.1 1.649 18.46 5.09 1,814.7 1.500 1.206 1.460 1.440 5180 CMMT 1.460 UNCH 150.5 1.458 12.22 5.89 2,961.3 1.500 1.321 1.500 1.490 5121 HEKTAR 1.500 0.020 63.1 1.499 137.61 7.00 601.0 1.570 1.199 1.540 1.520 5227 IGBREIT 1.540 UNCH 2610.2 1.530 20.78 5.24 5,364.3 7.600 6.800 7.440 7.360 5235SS KLCC 7.440 -0.010 1192.1 7.406 11.83 4.69 13,431.7 1.170 0.954 1.160 1.150 5123 MQREIT 1.150 0.010 179.2 1.150 10.73 3.62 760.6 1.820 1.346 1.700 1.680 5212 PAVREIT 1.700 0.020 1189.2 1.699 18.10 4.84 5,133.7 1.660 1.376 1.660 1.640 5176 SUNREIT 1.640 -0.010 1267 1.651 8.60 5.55 4,826.0 1.230 1.045 1.200 1.200 5111 TWRREIT 1.200 UNCH 52 1.200 11.99 5.78 336.6 1.640 1.397 — — 5110 UOAREIT 1.630 — — — 6.25 6.76 689.3 1.080 0.946 1.070 1.060 5109 YTLREIT 1.060 UNCH 32.5 1.062 83.46 7.22 1,403.9SPAC 0.705 0.650 0.690 0.690 5234 CLIQ 0.690 0.005 123 0.690 — — 435.3 0.695 0.595 0.695 0.685 5256 REACH 0.690 UNCH 2007.8 0.690 — — 881.7 0.475 0.415 0.450 0.450 5241 SONA 0.450 UNCH 638 0.450 — — 634.8

MarketsB U R S A M A L A Y S I A M A I N M A R K E T . A C E M A R K E T

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

CONSUMER PRODUCTS 0.450 0.225 0.385 0.375 0179 BIOHLDG 0.380 0.005 12502.4 0.379 24.36 — 190.0 0.290 0.095 0.260 0.250 0170 KANGER 0.260 0.010 3555.8 0.255 15.57 — 196.9 0.429 0.240 0.275 0.260 0148 SUNZEN 0.265 -0.015 455.4 0.267 — 1.74 127.0 0.075 0.045 0.050 0.045 0095 XINGHE 0.050 0.005 13770.2 0.046 1.47 2.00 117.4INDUSTRIAL PRODUCTS 0.345 0.175 0.275 0.265 0105 ASIAPLY 0.275 0.010 1844.9 0.270 11.51 2.18 72.7 0.115 0.050 0.055 0.055 0072 AT 0.055 0.005 1252.5 0.055 — — 23.8 0.610 0.390 0.420 0.390 0163 CAREPLS 0.415 0.020 1826.7 0.408 25.00 0.72 162.9 0.273 0.094 0.125 0.115 0102 CONNECT 0.120 Unch 1979.9 0.119 9.60 — 26.0 0.605 0.260 0.565 0.540 0100 ESCERAM 0.560 0.005 731.8 0.554 16.82 — 115.1 0.065 0.040 0.040 0.040 0109 FLONIC 0.040 -0.005 800 0.040 — — 32.0 0.880 0.355 0.440 0.415 0175 HHGROUP 0.440 0.030 5600.8 0.432 15.44 0.75 135.8 0.125 0.070 0.110 0.100 0160 HHHCORP 0.100 -0.010 5852.3 0.102 — — 33.3 0.330 0.110 0.185 0.170 0162 IJACOBS 0.175 -0.010 1868 0.177 — — 23.7 0.165 0.085 0.095 0.090 0024 JAG 0.090 Unch 403 0.090 — 5.56 102.9 0.200 0.120 0.150 0.140 0025 LNGRES 0.140 -0.015 915.8 0.144 — — 33.9 0.150 0.065 0.080 0.075 0070 MQTECH 0.075 -0.005 63.2 0.079 — — 20.9 0.500 0.293 0.435 0.420 0049 OCNCASH 0.425 0.010 4702.8 0.428 10.63 1.65 94.8 0.195 0.105 0.180 0.170 0038 PTB 0.175 Unch 236.6 0.173 16.99 — 26.3 0.400 0.160 0.205 0.185 0133 SANICHI 0.190 -0.010 20186.5 0.196 67.86 — 54.4 0.155 0.085 0.140 0.135 0001 SCOMNET 0.140 0.005 1965 0.137 11.48 2.86 34.0 0.210 0.120 0.210 0.155 0028 SCOPE 0.210 0.055 4932.2 0.195 — — 116.7 0.415 0.115 0.145 0.135 0055 SERSOL 0.135 -0.005 1132.6 0.136 — — 29.1 0.270 0.165 0.230 0.200 0084 TECFAST 0.220 0.020 1889.3 0.217 14.67 2.27 37.6TECHNOLOGY 0.250 0.100 0.205 0.195 0018 ACCSOFT 0.205 0.010 1270.1 0.203 — — 131.3 0.615 0.270 0.330 0.300 0181 AEMULUS 0.305 -0.010 2936.6 0.311 11.91 — 133.8 0.270 0.100 0.145 0.145 0119 APPASIA 0.145 -0.005 172 0.145 — — 40.8 1.600 0.255 0.305 0.280 0068 ASDION 0.280 0.010 42.5 0.284 — — 32.6 0.015 0.005 — — 0039 ASIAEP 0.010 — — — — — 8.1 1.310 0.805 0.855 0.840 0098 BAHVEST 0.855 0.015 23.8 0.849 237.50 — 370.8 0.095 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.090 0.045 0.055 0.050 0152 DGB 0.055 0.005 2827.6 0.050 — — 26.9 0.115 0.050 0.050 0.050 0131 DGSB 0.050 Unch 1283 0.050 71.43 — 67.8 0.150 0.060 0.100 0.095 0154 EAH 0.095 Unch 655.3 0.095 — — 141.6 0.415 0.190 0.290 0.285 0107 EDUSPEC 0.290 0.005 338.5 0.289 25.66 — 245.5 0.095 0.045 0.060 0.060 0116 FOCUS 0.060 Unch 25 0.060 — — 43.1 0.315 0.120 0.125 0.120 0104 GENETEC 0.120 -0.005 2273.4 0.125 5.61 — 42.2 0.060 0.035 0.040 0.040 0045 GNB 0.040 Unch 400 0.040 14.81 — 11.6 0.150 0.080 0.090 0.085 0074 GOCEAN 0.090 -0.005 88.1 0.088 — — 23.7 0.155 0.060 — — 0174 IDMENSN 0.060 — — — — — 29.7 1.854 0.460 0.605 0.595 0023 IFCAMSC 0.600 0.010 4072.3 0.599 15.19 1.67 365.0 0.150 0.035 0.040 0.035 0094 INIX 0.040 Unch 367.5 0.040 — — 16.7 0.305 0.150 0.165 0.160 0010 IRIS 0.160 Unch 4626.8 0.161 — — 357.2 0.854 0.523 — — 0146 JFTECH 0.610 — — — 27.98 1.64 76.9 0.675 0.225 0.620 0.560 0127 JHM 0.565 -0.045 3457.7 0.581 10.76 — 69.5 0.670 0.180 0.255 0.245 0111 K1 0.250 0.005 1697.8 0.248 10.00 2.00 118.2 0.080 0.040 0.065 0.065 0036 KGROUP 0.065 -0.005 203 0.065 — — 48.0 0.385 0.100 0.215 0.205 0176 KRONO 0.205 -0.005 1468.5 0.210 15.89 — 48.6 0.250 0.105 0.245 0.230 0017 M3TECH 0.240 -0.005 1203.2 0.236 — — 47.4 0.100 0.050 0.070 0.070 0075 MEXTER 0.070 Unch 136.2 0.070 — — 13.8 0.970 0.460 0.610 0.550 0155 MGRC 0.610 0.070 1.1 0.556 18.10 — 57.4 1.950 0.610 1.440 1.370 0126 MICROLN 1.420 0.080 569.6 1.413 20.17 — 216.1 0.588 0.281 0.545 0.530 0112 MIKROMB 0.530 0.010 816.1 0.537 16.67 2.08 162.1 0.110 0.060 0.070 0.070 0085 MLAB 0.070 Unch 370 0.070 — — 13.1 0.080 0.055 0.060 0.060 0034 MMAG 0.060 Unch 120 0.060 — — 57.2 0.859 0.451 0.505 0.495 0113 MMSV 0.495 -0.010 238.7 0.502 9.98 4.04 80.7 0.300 0.175 0.230 0.210 0103 MNC 0.230 0.020 350 0.219 — — 21.7 0.365 0.180 0.225 0.220 0156 MPAY 0.225 0.005 1517.4 0.224 — — 159.9 0.195 0.075 0.145 0.135 0092 MTOUCHE 0.135 -0.005 27713.9 0.140 — — 31.3 1.058 0.599 0.790 0.790 0108 N2N 0.790 -0.010 10 0.790 37.26 2.53 376.3 0.070 0.025 0.045 0.035 0020 NETX 0.045 0.010 21095.7 0.040 — — 56.3 0.135 0.050 0.060 0.055 0096 NEXGRAM 0.060 0.005 2273.3 0.058 3.90 — 113.0 0.215 0.085 0.110 0.105 0026 NOVAMSC 0.110 Unch 2687.1 0.110 157.14 — 65.6 0.951 0.536 0.680 0.630 0035 OPCOM 0.670 0.045 1099.7 0.663 12.29 2.99 108.0 0.333 0.270 0.315 0.300 0040 OPENSYS 0.310 0.010 11611.7 0.311 11.88 2.84 92.3 0.730 0.165 0.465 0.460 0079 ORION 0.465 0.005 254 0.465 — — 56.3 0.110 0.030 0.095 0.090 0005 PALETTE 0.095 0.005 5417.6 0.094 12.84 — 30.4 0.385 0.150 0.190 0.190 0123 PRIVA 0.190 Unch 352.8 0.190 35.85 1.05 106.1 0.150 0.060 0.065 0.065 0007 PUC 0.065 -0.005 386 0.065 30.95 — 70.4 0.728 0.313 0.565 0.545 0106 REXIT 0.560 0.005 67.7 0.555 14.29 3.57 106.0 0.125 0.030 0.055 0.040 0135 SCN 0.040 -0.010 1031.1 0.043 — — 8.0 0.644 0.307 0.405 0.380 0178 SEDANIA 0.380 Unch 2061.9 0.390 30.89 — 76.0 0.160 0.065 0.070 0.070 0060 SKH 0.070 Unch 302 0.070 — — 38.8 0.470 0.170 0.205 0.200 0117 SMRT 0.200 -0.005 97.3 0.201 — — 57.1 0.175 0.065 0.085 0.075 0169 SMTRACK 0.075 -0.010 4150.2 0.080 — — 24.0 0.450 0.276 0.420 0.410 0093 SOLUTN 0.420 0.010 1595.4 0.415 15.27 2.38 84.0 0.180 0.080 0.125 0.120 0129 SRIDGE 0.125 Unch 253 0.124 — — 15.1 0.368 0.150 0.170 0.170 0050 SYSTECH 0.170 -0.005 162 0.170 41.46 3.53 53.9 0.160 0.100 0.115 0.115 0132 TDEX 0.115 Unch 366 0.115 — — 43.2 0.310 0.140 0.210 0.205 0120 VIS 0.210 Unch 495.7 0.205 — — 23.2 0.370 0.075 0.340 0.330 0069 VIVOCOM 0.330 -0.005 42537.7 0.334 22.76 — 853.8 0.185 0.065 0.085 0.085 0066 VSOLAR 0.085 Unch 2729.2 0.085 — — 25.8 0.390 0.025 — — 0141 WINTONI 0.025 — — — — — 12.8 0.300 0.110 0.135 0.125 0086 YGL 0.125 Unch 255.3 0.130 — — 24.2 0.560 0.451 0.545 0.530 0009 YTLE 0.545 0.015 217.9 0.540 21.12 7.34 735.8TRADING SERVICES 0.300 0.150 — — 0122 AIM 0.220 — — — 88.00 — 58.5 0.170 0.095 0.105 0.100 0048 ANCOMLB 0.105 Unch 335.5 0.100 — — 49.7 0.090 0.040 0.045 0.040 0150 ASIABIO 0.045 0.005 290 0.044 — — 39.0 0.316 0.196 0.310 0.265 0011 BTECH 0.290 0.030 507.7 0.282 15.59 2.17 73.1 0.295 0.180 0.230 0.210 0157 FOCUSP 0.230 0.010 57.8 0.212 28.75 4.35 38.0 0.600 0.350 0.445 0.440 0081 IDEAL 0.440 -0.005 119 0.444 17.81 — 83.3 0.760 0.300 0.700 0.655 0147 INNITY 0.695 0.050 85.1 0.673 32.78 — 96.2 0.475 0.260 0.345 0.330 0180 KTC 0.335 Unch 4323.7 0.338 20.30 — 170.9 0.250 0.155 0.215 0.170 0167 MCLEAN 0.205 0.040 2186.2 0.202 8.17 — 36.6 0.240 0.140 0.210 0.185 0153 OVERSEA 0.195 -0.005 65.7 0.188 — 1.54 47.8 0.245 0.120 0.190 0.190 0177 PASUKGB 0.190 Unch 209.9 0.190 73.08 — 61.7 0.400 0.280 — — 0006 PINEAPP 0.300 — — — — — 14.6 0.303 0.168 0.255 0.240 0171 PLABS 0.255 0.010 810 0.244 13.71 2.75 52.7 0.025 0.005 0.010 0.010 0110 RA 0.010 Unch 1350.2 0.010 — — 9.7 0.290 0.130 0.235 0.220 0080 RAYA 0.230 Unch 557.5 0.229 — — 33.0 0.800 0.500 0.510 0.500 0032 REDTONE 0.510 0.005 40.8 0.502 — 0.39 386.2 0.970 0.480 0.555 0.550 0173 REV 0.550 0.020 43 0.550 33.74 — 74.1 2.670 1.700 — — 0158 SCC 2.090 — — — 14.02 2.39 89.4 0.283 0.195 0.205 0.205 0161 SCH 0.205 0.005 44.5 0.205 26.28 7.32 84.5 0.480 0.325 — — 0137 STEMLFE 0.480 — — — — 6.25 118.8 0.055 0.030 0.035 0.035 0140 STERPRO 0.035 Unch 675 0.035 — — 34.6 1.490 0.450 1.190 1.130 0089 TEXCYCL 1.170 0.040 200.8 1.161 26.65 0.43 199.8 0.225 0.100 0.160 0.150 0145 TFP 0.160 0.005 106.7 0.151 61.54 — 32.8 0.705 0.110 0.130 0.125 0165 XOX 0.130 0.005 2776.2 0.129 11.30 — 72.3FINANCE 0.570 0.390 0.460 0.460 0053 OSKVI 0.460 0.035 4 0.460 — 4.35 90.9

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY WE2 8

Bursa Malaysia Equity Derivatives

0.335 0.035 0.335 0.300 5238WA AAX-WA 0.335 0.040 122772 0.410 0.460 93.90 08/06/2020 0.085 0.020 0.045 0.040 7086WA ABLEGRP-WA 0.045 -0.015 175 0.110 0.150 77.27 19/01/2017 0.130 0.050 0.100 0.085 0018WA ACCSOFT-WA 0.095 0.005 533 0.205 0.100 -4.88 18/01/2019 0.130 0.060 0.130 0.120 7315WB AHB-WB 0.125 0.005 1512.9 0.220 0.200 47.73 28/08/2019 0.830 0.090 0.830 0.805 509924 AIRASIAC24 0.830 0.065 365 2.320 1.050 -1.08 31/05/2016 0.925 0.320 0.925 0.880 509926 AIRASIAC26 0.925 0.050 97 2.320 0.900 -1.40 18/07/2016 0.355 0.085 0.355 0.335 509927 AIRASIAC27 0.355 0.030 312 2.320 1.280 1.08 28/10/2016 0.125 0.030 0.125 0.090 509929 AIRASIAC29 0.120 0.035 4245.1 2.320 2.000 -0.86 31/05/2016 0.435 0.185 0.435 0.435 509930 AIRASIAC30 0.435 0.075 0.1 2.320 2.000 23.71 31/01/2017 0.250 0.060 0.250 0.240 509931 AIRASIAC31 0.250 0.020 6366.1 2.320 1.500 0.22 15/08/2016 0.370 0.125 0.370 0.345 509932 AIRASIAC32 0.370 0.040 754 2.320 1.500 4.53 30/09/2016 0.205 0.110 0.205 0.180 509933 AIRASIAC33 0.205 0.025 2153.4 2.320 2.100 12.61 28/10/2016 0.215 0.125 0.215 0.180 509934 AIRASIAC34 0.215 0.035 5713 2.320 2.000 14.01 28/02/2017 0.105 0.005 0.070 0.070 9342WA ANZO-WA 0.070 -0.005 1184.2 0.285 0.250 12.28 19/11/2019 0.120 0.040 0.070 0.070 9342WB ANZO-WB 0.070 -0.010 50 0.285 0.250 12.28 25/08/2023 0.095 0.015 0.020 0.020 5194WA APFT-WA 0.020 Unch 95.5 0.055 0.400 663.64 13/07/2018 0.045 0.025 0.025 0.025 521010 ARMADA-C10 0.025 -0.010 105 0.720 1.080 56.94 28/11/2016 0.100 0.010 0.020 0.010 521011 ARMADA-C11 0.015 -0.005 1401.8 0.720 1.000 43.06 07/10/2016 0.050 0.025 0.030 0.025 521014 ARMADA-C14 0.025 -0.005 1700 0.720 0.950 38.89 30/09/2016 0.135 0.100 0.105 0.100 521015 ARMADA-C15 0.100 Unch 440 0.720 0.800 25.00 28/02/2017 0.075 0.065 0.065 0.065 521016 ARMADA-C16 0.065 -0.005 3 0.720 0.800 26.46 30/11/2016 0.155 0.030 0.035 0.030 5210C8 ARMADA-C8 0.030 Unch 620 0.720 0.880 32.64 28/11/2016 0.175 0.095 0.175 0.165 0105WA ASIAPLY-WA 0.170 0.005 3291.2 0.275 0.100 -1.82 13/12/2020 0.055 0.025 0.040 0.035 7070WB ASUPREM-WB 0.040 0.005 31 0.125 0.200 92.00 20/06/2018 0.065 0.020 0.030 0.025 0072WA AT-WA 0.025 0.005 383.1 0.055 0.120 163.64 29/01/2019 0.150 0.050 0.060 0.055 6888C8 AXIATA-C8 0.060 Unch 772.7 5.370 5.850 12.29 31/01/2017 0.380 0.150 0.360 0.355 7078WA AZRB-WA 0.355 -0.005 184 0.730 0.700 44.52 13/05/2024 0.150 0.005 0.010 0.005 4162CE BAT-CE 0.010 0.005 291.3 48.000 57.000 19.79 29/07/2016 0.210 0.080 0.150 0.145 7241WA BHS-WA 0.145 Unch 1643.5 0.455 0.600 63.74 18/10/2020 0.485 0.225 0.340 0.330 5258WA BIMB-WA 0.335 0.005 468.8 3.960 4.720 27.65 04/12/2023 0.310 0.090 0.140 0.130 6998WA BINTAI-WA 0.140 Unch 561.7 0.245 0.200 38.78 15/06/2020 0.165 0.060 0.060 0.060 5248CJ BJAUTO-CJ 0.060 -0.005 811 2.270 2.400 13.66 18/07/2016 0.135 0.060 0.115 0.115 5248CK BJAUTO-CK 0.115 0.005 20 2.270 2.000 0.77 31/05/2016 0.105 0.050 0.055 0.050 3395CZ BJCORP-CZ 0.050 Unch 735 0.370 0.370 13.51 31/10/2016 0.175 0.095 0.140 0.140 3395WB BJCORP-WB 0.140 Unch 186.6 0.370 1.000 208.11 22/04/2022 0.100 0.005 0.015 0.010 6025WA BJMEDIA-WA 0.010 Unch 34 0.400 0.870 120.00 16/12/2016 0.105 0.065 0.085 0.080 7036WC BORNOIL-WC 0.085 Unch 1602 0.145 0.100 27.59 08/11/2025 0.285 0.040 0.050 0.050 7188WA BTM-WA 0.050 Unch 54.1 0.215 0.940 360.47 20/12/2019 1.330 0.410 1.000 1.000 7174WA CAB-WA 1.000 Unch 13 1.580 0.550 -1.90 08/02/2020 0.285 0.070 0.095 0.070 0163WA CAREPLS-WA 0.095 0.025 2218.4 0.415 0.320 0.00 09/08/2016 0.505 0.255 0.475 0.435 7076WA CBIP-WA 0.475 0.035 3 2.190 2.400 31.28 06/11/2019 0.220 0.085 0.100 0.100 5195WB CENSOF-WB 0.100 -0.005 130 0.255 0.460 119.61 07/10/2019 0.140 0.050 0.060 0.050 102310 CIMB-C10 0.050 -0.005 218 4.320 4.800 16.90 10/08/2016 0.290 0.145 0.150 0.150 102311 CIMB-C11 0.150 0.005 300 4.320 4.500 15.28 30/08/2016 0.160 0.040 0.080 0.065 0102WA CONNECT-WA 0.080 Unch 81.8 0.120 0.100 50.00 17/09/2021 0.100 0.020 0.055 0.045 0051WA CUSCAPI-WA 0.050 0.005 597.7 0.125 0.270 156.00 24/04/2018 0.155 0.045 0.045 0.045 5141CW DAYANG-CW 0.045 -0.020 63.3 1.160 1.500 39.01 07/10/2016 0.265 0.125 0.180 0.175 7212WA DESTINI-WA 0.180 0.005 1744.6 0.610 0.400 -4.92 03/10/2016 0.035 0.010 0.015 0.015 0152WA DGB-WA 0.015 Unch 982 0.055 0.110 127.27 22/04/2018 0.460 0.255 0.340 0.335 7277WA DIALOG-WA 0.335 -0.005 186.1 1.510 1.190 0.99 10/02/2017 0.105 0.030 0.050 0.040 0029WA DIGISTA-WA 0.045 0.005 1462.3 0.170 0.130 2.94 07/02/2017 0.110 0.065 0.100 0.090 7114WA DNONCE-WA 0.095 0.005 2927.8 0.250 0.250 38.00 25/11/2020 0.255 0.165 0.180 0.170 5265WA DOLPHIN-WA 0.180 Unch 2385.6 0.675 0.800 45.19 29/03/2021 0.420 0.215 0.275 0.255 7169WA DOMINAN-WA 0.275 0.015 20.1 1.140 1.300 38.16 10/09/2020 0.065 0.015 0.045 0.035 7198WA DPS-WA 0.045 0.005 798 0.110 0.540 431.82 03/01/2018 0.105 0.030 0.060 0.055 7198WB DPS-WB 0.060 0.005 4195.1 0.110 0.100 45.45 15/01/2025 0.110 0.005 0.010 0.005 161916 DRBHCOMC16 0.010 Unch 22 0.900 1.400 57.78 30/08/2016 0.215 0.055 0.065 0.055 161919 DRBHCOMC19 0.065 0.010 391 0.900 1.000 18.33 30/11/2016 0.210 0.060 0.060 0.060 161921 DRBHCOMC21 0.060 Unch 1806 0.900 0.950 15.56 15/12/2016 0.110 0.040 0.040 0.040 5216CL DSONIC-CL 0.040 -0.005 80 1.250 1.420 26.40 29/07/2016 0.380 0.110 0.185 0.180 3417WB E&O-WB 0.185 Unch 41.5 1.600 2.600 74.06 21/07/2019 0.090 0.020 0.045 0.045 0154WB EAH-WB 0.045 -0.005 684.9 0.095 0.120 73.68 24/02/2019 0.090 0.025 0.050 0.050 0154WC EAH-WC 0.050 Unch 212 0.095 0.100 57.89 18/06/2019 0.200 0.080 0.125 0.125 3557WC ECOFIRS-WC 0.125 0.010 0.1 0.260 0.300 63.46 10/09/2019 0.120 0.005 0.005 0.005 8206CB ECOWLD-CB 0.005 Unch 1212.1 1.300 1.680 30.19 30/06/2016 0.620 0.340 0.415 0.400 8206WA ECOWLD-WA 0.405 0.005 330.7 1.300 2.080 91.15 26/03/2022 0.315 0.120 0.160 0.155 0107WA EDUSPEC-WA 0.160 0.005 351.9 0.290 0.180 17.24 24/12/2018 1.470 0.185 1.310 1.260 0065WA EFORCE-WA 1.280 0.020 1315.3 1.710 0.680 14.62 17/07/2019 0.815 0.390 0.495 0.485 8907WC EG-WC 0.495 0.010 50.4 0.835 0.500 19.16 03/11/2020 0.820 0.180 0.820 0.795 8877WB EKOVEST-WB 0.805 0.005 1411.8 1.630 1.350 32.21 25/06/2019 0.625 0.300 0.370 0.350 5056WA ENGTEX-WA 0.370 0.010 611.6 1.200 0.830 0.00 25/10/2017 0.860 0.235 0.395 0.370 7249WA EWEIN-WA 0.390 0.005 411.6 0.980 0.610 2.04 09/06/2017 0.230 0.060 0.210 0.200 7047WB FAJAR-WB 0.205 Unch 719.7 0.590 0.700 53.39 24/09/2019 0.790 0.045 0.060 0.045 65028 FBMKLCI-C28 0.060 0.015 862.4 1,633 1,670 3.16 31/05/2016 0.120 0.005 0.005 0.005 0650C3 FBMKLCI-C3 0.005 -0.005 948.9 1,633 1,708 5.05 30/06/2016 0.125 0.020 0.030 0.025 65034 FBMKLCI-C34 0.025 Unch 212.1 1,633 1,660 2.70 30/06/2016 0.290 0.030 0.040 0.035 65038 FBMKLCI-C38 0.040 0.010 1180 1,633 1,690 4.69 30/06/2016 0.195 0.020 0.025 0.020 0650C4 FBMKLCI-C4 0.025 0.005 685 1,633 1,700 5.10 29/07/2016 0.370 0.060 0.060 0.060 65044 FBMKLCI-C44 0.060 -0.005 25 1,633 1,720 6.41 29/07/2016 0.405 0.135 0.170 0.145 65046 FBMKLCI-C46 0.165 0.020 2546.4 1,633 1,640 3.44 29/07/2016 0.190 0.075 0.085 0.080 65048 FBMKLCI-C48 0.085 0.005 383.8 1,633 1,600 1.60 30/08/2016 0.135 0.060 0.070 0.065 65050 FBMKLCI-C50 0.070 0.010 4544 1,633 1,650 4.02 30/08/2016 0.245 0.130 0.145 0.140 65052 FBMKLCI-C52 0.145 0.015 380 1,633 1,570 2.34 30/08/2016 0.200 0.085 0.095 0.095 65054 FBMKLCI-C54 0.095 0.005 505.8 1,633 1,595 1.72 30/09/2016 0.075 0.030 0.035 0.035 65058 FBMKLCI-C58 0.035 0.005 200 1,633 1,730 7.42 31/10/2016 0.155 0.085 0.085 0.085 65060 FBMKLCI-C60 0.085 -0.005 5 1,633 1,650 4.66 31/10/2016 0.045 0.030 0.035 0.035 65062 FBMKLCI-C62 0.035 0.005 910.9 1,633 1,700 5.58 30/11/2016 0.710 0.180 0.205 0.205 65029 FBMKLCI-H29 0.205 -0.020 52.4 1,633 1,630 2.93 31/05/2016 0.265 0.040 0.095 0.085 65037 FBMKLCI-H37 0.090 -0.010 1899.4 1,633 1,680 6.71 30/06/2016 0.365 0.150 0.180 0.180 65041 FBMKLCI-H41 0.180 -0.020 15 1,633 1,650 6.53 30/06/2016 0.190 0.020 0.040 0.030 65043 FBMKLCI-H43 0.035 -0.010 2150.1 1,633 1,600 -0.54 29/07/2016 0.545 0.280 0.390 0.390 65051 FBMKLCI-H51 0.390 -0.015 30 1,633 1,680 10.02 29/07/2016 0.130 0.020 0.035 0.035 65053 FBMKLCI-H53 0.035 -0.005 389.8 1,633 1,570 -2.38 30/08/2016 0.155 0.075 0.110 0.100 65059 FBMKLCI-H59 0.110 -0.005 70 1,633 1,650 5.74 30/09/2016 0.215 0.150 0.195 0.185 65061 FBMKLCI-H61 0.185 -0.020 170 1,633 1,710 12.62 31/10/2016 0.125 0.065 0.120 0.110 65063 FBMKLCI-H63 0.110 -0.015 45 1,633 1,610 3.29 31/10/2016 0.210 0.160 0.195 0.185 65067 FBMKLCI-H67 0.185 -0.015 233 1,633 1,700 12.01 30/11/2016 0.590 0.070 0.095 0.090 0650HU FBMKLCI-HU 0.095 -0.015 38.7 1,633 1,688 8.06 30/06/2016 0.640 0.030 0.075 0.065 0650HV FBMKLCI-HV 0.075 -0.005 459.6 1,633 1,658 5.23 30/06/2016 0.625 0.075 0.125 0.110 0650HW FBMKLCI-HW 0.115 -0.015 6873.5 1,633 1,700 8.78 29/07/2016 0.675 0.060 0.470 0.465 8605WB FFHB-WB 0.465 -0.005 106 0.990 0.500 -2.53 30/03/2017 0.210 0.025 0.025 0.025 5222C6 FGV-C6 0.025 Unch 250 1.390 1.500 13.31 29/07/2016 0.340 0.035 0.035 0.035 5222C8 FGV-C8 0.035 -0.010 250 1.390 1.500 12.95 18/07/2016 0.210 0.095 0.115 0.110 9318WB FITTERS-WB 0.115 0.005 150 0.440 1.000 153.41 12/10/2019 0.030 0.005 0.010 0.010 0109WA FLONIC-WA 0.010 Unch 270 0.040 0.050 50.00 16/06/2017 0.030 0.010 0.015 0.015 0109WB FLONIC-WB 0.015 Unch 100 0.040 0.050 62.50 06/11/2019 0.200 0.040 0.040 0.040 539824 GAMUDA-C24 0.040 -0.010 13.1 4.720 4.750 7.42 28/07/2016 0.255 0.145 0.160 0.160 539826 GAMUDA-C26 0.160 -0.005 50 4.720 4.500 5.51 30/11/2016 1.160 0.805 0.990 0.975 5398WE GAMUDA-WE 0.985 0.005 1582.5 4.720 4.050 6.67 06/03/2021 0.120 0.015 0.015 0.015 5209CT GASMSIA-CT 0.015 -0.010 20 2.310 2.500 9.52 30/08/2016 0.395 0.085 0.215 0.200 5226WA GBGAQRS-WA 0.205 Unch 3387.9 0.895 1.300 68.16 20/07/2018 0.155 0.045 0.060 0.050 471512 GENM-C12 0.060 0.015 470 4.360 4.250 1.61 31/05/2016 0.155 0.100 0.105 0.100 471514 GENM-C14 0.105 -0.005 20 4.360 4.500 12.84 28/10/2016 3.200 1.500 2.620 2.490 2291WA GENP-WA 2.490 -0.030 467.4 10.500 7.750 -2.48 17/06/2019

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


0.250 0.045 0.115 0.100 318224 GENTINGC24 0.115 0.020 20 8.800 8.000 1.36 08/06/2016 0.580 0.185 0.395 0.345 318225 GENTINGC25 0.395 0.060 1241.8 8.800 7.000 1.99 18/07/2016 0.505 0.065 0.295 0.250 318227 GENTINGC27 0.290 0.030 145 8.800 7.400 0.57 31/05/2016 0.220 0.090 0.150 0.145 318228 GENTINGC28 0.150 0.025 2092 8.800 7.800 9.09 23/11/2016 0.220 0.105 0.125 0.120 318229 GENTINGC29 0.125 0.005 120 8.800 9.300 17.76 30/11/2016 2.380 0.530 1.800 1.700 3182WA GENTING-WA 1.770 0.070 3372.4 8.800 7.960 10.57 18/12/2018 0.165 0.065 0.145 0.145 70010 GLD-C10 0.145 0.005 150 490.67 463.67 5.14 29/09/2016 0.265 0.125 0.180 0.170 1147WA GOB-WA 0.175 0.005 202.7 0.500 0.800 95.00 24/12/2019 0.090 0.010 0.020 0.015 7022CG GTRONIC-CG 0.015 0.005 4132.1 3.270 6.300 95.41 30/09/2016 0.315 0.220 0.245 0.245 3034CR HAPSENG-CR 0.245 0.005 40 7.670 6.600 2.02 30/11/2016 6.200 2.650 5.930 5.880 3034WA HAPSENG-WA 5.930 0.050 10.5 7.670 1.650 -1.17 09/08/2016 0.460 0.295 0.305 0.305 2062WC HARBOUR-WC 0.305 -0.005 1 1.130 1.560 65.04 03/04/2021 1.510 0.625 0.980 0.965 5095WB HEVEA-WB 0.975 Unch 183 1.220 0.250 0.41 28/02/2020 0.255 0.025 0.160 0.105 5072WA HIAPTEK-WA 0.115 -0.045 4527.9 0.400 0.690 101.25 09/01/2017 0.880 0.370 0.420 0.405 5169WA HOHUP-WA 0.405 -0.010 80 0.845 0.600 18.93 21/12/2018 0.345 0.220 0.230 0.225 7213WB HOVID-WB 0.225 Unch 69.6 0.410 0.180 -1.22 05/06/2018 0.550 0.005 0.015 0.005 65118 HSI-C18 0.015 0.005 754.9 10,439 24,200 131.95 29/06/2016 0.840 0.045 0.060 0.045 65119 HSI-C19 0.050 -0.010 1895.3 10,439 22,800 118.84 29/06/2016 1.210 0.115 0.155 0.125 65120 HSI-C20 0.150 0.015 12442.2 10,439 21,400 106.29 29/06/2016 0.630 0.160 0.220 0.185 65121 HSI-C21 0.215 0.020 10754.2 10,439 22,000 112.60 28/07/2016 1.000 0.375 0.500 0.405 65122 HSI-C22 0.450 Unch 4202.5 10,439 20,600 101.21 28/07/2016 1.490 0.705 0.815 0.760 65123 HSI-C23 0.815 0.035 567.7 10,439 19,200 90.95 28/07/2016 1.180 0.550 0.645 0.625 65124 HSI-C24 0.645 0.045 13 10,439 20,200 99.06 30/08/2016 1.410 0.965 1.060 1.060 65126 HSI-C26 1.060 0.095 1 10,438 18,800 89.24 30/08/2016 2.000 1.510 1.630 1.630 65128 HSI-C28 1.630 0.070 8 10,439 17,400 80.73 30/08/2016 0.550 0.200 0.255 0.225 65130 HSI-C30 0.250 0.020 654 10,439 22,400 116.73 29/09/2016 0.920 0.405 0.485 0.470 65132 HSI-C32 0.475 0.045 200 10,439 21,000 105.26 29/09/2016 1.350 0.735 0.865 0.810 65134 HSI-C34 0.855 0.055 35 10,439 19,600 95.13 29/09/2016 0.835 0.375 0.450 0.435 65138 HSI-C38 0.445 0.020 220 10,439 21,800 112.67 28/10/2016 1.050 0.615 0.680 0.680 65140 HSI-C40 0.680 Unch 20 10,438 20,400 101.29 28/10/2016 1.310 0.310 0.505 0.505 65125 HSI-H25 0.505 -0.085 5 10,438 19,000 86.36 28/07/2016 1.650 0.580 0.995 0.910 65127 HSI-H27 0.915 -0.080 13 10,438 20,400 103.32 28/07/2016 0.735 0.190 0.330 0.290 65129 HSI-H29 0.290 -0.025 487 10,439 17,000 65.35 30/08/2016 0.600 0.330 0.525 0.505 65135 HSI-H35 0.505 -0.045 3 10,438 17,800 74.87 29/09/2016 0.915 0.500 0.770 0.765 65137 HSI-H37 0.765 -0.060 46.3 10,439 19,200 90.52 29/09/2016 0.880 0.630 0.800 0.800 65141 HSI-H41 0.800 -0.080 10 10,439 18,600 85.07 28/10/2016 1.740 1.180 1.640 1.570 65145 HSI-H45 1.580 -0.110 70 10,439 21,400 118.62 28/10/2016 0.230 0.065 0.075 0.065 6238CD HSL-CD 0.070 Unch 793.8 1.770 2.000 18.93 11/11/2016 0.030 0.020 0.025 0.025 9601WD HWGB-WD 0.025 0.005 300 0.060 0.180 241.67 15/03/2021 0.235 0.160 0.210 0.205 9687WB IDEALUBB-WB 0.205 0.010 41.8 0.785 1.000 53.50 30/03/2021 0.140 0.085 0.115 0.115 5225CZ IHH-CZ 0.115 0.005 10 6.570 6.670 8.52 28/02/2017 0.170 0.130 0.135 0.130 3336CZ IJM-CZ 0.130 -0.015 210 3.450 3.700 14.78 28/10/2016 0.435 0.085 0.095 0.090 0166CJ INARI-CJ 0.090 -0.010 603 2.720 2.640 7.65 18/07/2016 0.110 0.050 0.050 0.050 0166CQ INARI-CQ 0.050 Unch 20 2.720 3.500 36.03 28/10/2016 2.320 0.813 1.140 1.120 0166WB INARI-WB 1.130 0.010 291 2.720 1.600 0.37 17/02/2020 0.365 0.150 0.175 0.170 3379WB INSAS-WB 0.175 -0.005 246 0.680 1.000 72.79 25/02/2020 0.225 0.050 0.060 0.050 1961C9 IOICORP-C9 0.060 0.010 611.1 4.180 4.700 17.46 30/12/2016 0.090 0.020 0.040 0.040 7183WA IRETEX-WA 0.040 Unch 409 0.245 0.800 242.86 10/06/2019 0.175 0.005 0.020 0.015 0010WA IRIS-WA 0.015 -0.005 649.7 0.160 0.150 3.13 24/06/2016 0.155 0.030 0.115 0.105 5175WA IVORY-WA 0.110 0.005 4637.7 0.460 0.750 86.96 26/04/2017 0.090 0.035 0.035 0.035 0024WA JAG-WA 0.035 Unch 155.4 0.090 0.100 50.00 14/08/2019 0.120 0.050 0.080 0.080 8923WA JIANKUN-WA 0.080 Unch 20 0.255 0.320 56.86 23/12/2021 0.935 0.120 0.390 0.375 7167WA JOHOTIN-WA 0.390 -0.005 206.5 1.870 2.280 42.78 21/11/2017 0.370 0.105 0.150 0.145 4383CE JTIASA-CE 0.145 Unch 869.9 1.350 1.100 2.96 18/07/2016 0.240 0.030 0.030 0.030 5247CL KAREX-CL 0.030 Unch 40 2.340 3.000 31.62 29/07/2016 0.165 0.060 0.065 0.060 5247CM KAREX-CM 0.065 -0.015 170 2.340 2.667 23.22 28/10/2016 0.125 0.065 0.070 0.070 5247CP KAREX-CP 0.070 Unch 828 2.340 2.533 20.23 23/11/2016 0.025 0.010 0.020 0.015 3115WC KBUNAI-WC 0.020 Unch 15176.3 0.050 0.131 202.00 20/10/2023 1.280 0.350 1.270 1.250 7161WA KERJAYA-WA 1.270 0.020 81.5 1.930 0.880 11.40 20/12/2017 0.300 0.035 0.080 0.060 3565WE KEURO-WE 0.060 Unch 4893.3 0.945 1.180 31.22 26/08/2016 0.050 0.005 0.030 0.025 8303WA KFM-WA 0.030 Unch 433 0.110 0.510 390.91 19/10/2016 0.025 0.010 0.020 0.020 0036WA KGROUP-WA 0.020 Unch 300 0.065 0.100 84.62 02/07/2018 0.865 0.260 0.725 0.720 5171WA KIMLUN-WA 0.725 0.010 56.3 1.760 1.680 36.65 12/03/2024 0.165 0.065 0.085 0.075 7164WA KNM-WA 0.080 Unch 4999.1 0.460 0.980 130.43 15/11/2017 0.195 0.090 0.135 0.130 7164WB KNM-WB 0.130 -0.005 166.2 0.460 1.000 145.65 21/04/2020 0.585 0.130 0.280 0.255 7017WB KOMARK-WB 0.275 -0.010 553.3 0.470 0.300 22.34 21/01/2020 0.700 0.470 0.650 0.640 5878WB KPJ-WB 0.650 0.015 77 4.220 4.010 10.43 23/01/2019 1.140 0.380 0.380 0.380 5038WA KSL-WA 0.380 Unch 15 1.180 0.800 0.00 19/08/2016 0.640 0.260 0.350 0.345 8494WA LBICAP-WA 0.350 0.010 25 1.340 1.000 0.75 17/04/2018 0.700 0.300 0.555 0.545 5789WA LBS-WA 0.555 0.010 170 1.570 1.000 -0.96 11/06/2018 0.450 0.215 0.390 0.380 5789WB LBS-WB 0.380 Unch 327.6 1.570 1.250 3.82 04/10/2020 0.270 0.150 0.160 0.160 7126WA LONBISC-WA 0.160 Unch 4 0.765 1.000 51.63 26/01/2020 0.050 0.025 0.030 0.030 5068WA LUSTER-WA 0.030 Unch 100 0.065 0.100 100.00 03/06/2022 0.050 0.025 0.035 0.030 5068WB LUSTER-WB 0.035 Unch 105 0.065 0.100 107.69 26/05/2023 0.470 0.240 0.260 0.255 7617WB MAGNA-WB 0.255 -0.020 30 1.000 0.900 15.50 04/09/2020 0.130 0.045 0.100 0.100 8583C2 MAHSING-C2 0.100 Unch 10 1.490 1.450 4.03 30/09/2016 0.350 0.130 0.205 0.200 8583WB MAHSING-WB 0.200 -0.005 63 1.490 1.440 10.07 16/03/2018 0.220 0.100 0.140 0.140 8583WC MAHSING-WC 0.140 -0.005 86.2 1.490 2.100 50.34 21/02/2020 0.105 0.055 0.055 0.055 5264CL MALAKOF-CL 0.055 Unch 100 1.600 1.650 13.44 29/07/2016 0.170 0.035 0.045 0.040 6012CT MAXIS-CT 0.045 0.005 21 5.430 6.300 18.51 30/12/2016 0.105 0.040 0.045 0.045 115517 MAYBANKC17 0.045 Unch 1411.5 8.530 8.200 1.41 18/07/2016 0.330 0.160 0.180 0.175 115518 MAYBANKC18 0.180 0.015 11 8.530 8.350 5.28 15/08/2016 0.235 0.115 0.140 0.135 115519 MAYBANKC19 0.135 Unch 1175.8 8.530 8.600 4.78 30/12/2016 0.160 0.075 0.085 0.085 115520 MAYBANKC20 0.085 0.005 55 8.530 9.400 14.19 30/09/2016 0.320 0.155 0.250 0.250 5152WA MBL-WA 0.250 Unch 10 0.795 0.800 32.08 28/11/2022 0.545 0.040 0.060 0.055 5983WA MBMR-WA 0.055 Unch 304.5 2.200 3.200 47.95 14/06/2017 0.105 0.050 0.075 0.070 0167WB MCLEAN-WB 0.070 0.010 41.2 0.205 0.250 56.10 07/10/2020 0.405 0.130 0.275 0.240 1694WB MENANG-WB 0.275 0.035 103.1 0.825 1.000 54.55 09/07/2019 0.040 0.010 0.025 0.025 0075WA MEXTER-WA 0.025 Unch 100 0.070 0.130 121.43 17/09/2018 0.455 0.305 0.420 0.380 3069WA MFCB-WA 0.380 -0.015 123.7 1.720 2.220 51.16 08/04/2020 0.370 0.110 0.115 0.115 3662WB MFLOUR-WB 0.115 Unch 3 1.210 2.060 79.75 09/05/2017 0.485 0.210 0.335 0.325 5186CY MHB-CY 0.330 -0.005 99.9 1.160 0.900 6.03 30/11/2016 0.120 0.030 0.060 0.060 5026WA MHC-WA 0.060 -0.015 0.8 0.910 1.560 78.02 28/07/2017 0.210 0.010 0.020 0.020 3816C2 MISC-C2 0.020 0.005 51.4 7.510 8.000 8.66 08/06/2016 0.080 0.025 0.030 0.030 3816C4 MISC-C4 0.030 0.005 1375 7.510 9.500 29.29 28/10/2016 0.150 0.030 0.035 0.030 3816C5 MISC-C5 0.030 -0.005 583.7 7.510 8.600 16.91 30/12/2016 0.780 0.280 0.730 0.705 9571WC MITRA-WC 0.730 0.030 115.8 1.360 0.600 -2.21 04/07/2016 0.580 0.235 0.580 0.530 9571WD MITRA-WD 0.580 0.050 2239.8 1.360 1.090 22.79 23/08/2020 1.260 0.500 0.930 0.920 6114WB MKH-WB 0.920 -0.080 67.3 2.460 1.890 14.23 29/12/2017 0.360 0.115 0.295 0.270 7595WA MLGLOBAL-WA 0.275 0.015 54.3 0.620 0.500 25.00 27/10/2019 0.240 0.025 0.100 0.090 2194C1 MMCCORP-C1 0.100 Unch 26 2.140 2.100 7.48 30/09/2016 0.530 0.020 0.205 0.195 1651C6 MRCB-C6 0.205 Unch 170 1.200 1.000 0.42 08/06/2016 0.240 0.075 0.140 0.140 1651WA MRCB-WA 0.140 -0.005 974.9 1.200 2.300 103.33 14/09/2018 0.035 0.010 0.020 0.015 0092WA MTOUCHE-WA 0.015 -0.005 1770 0.135 0.890 570.37 17/01/2018 0.090 0.020 0.055 0.050 0092WB MTOUCHE-WB 0.055 Unch 230 0.135 0.270 140.74 16/03/2020 0.360 0.075 0.235 0.235 0138CM MYEG-CM 0.235 Unch 100 2.010 1.340 1.74 30/06/2016 0.465 0.120 0.320 0.320 0138CN MYEG-CN 0.320 -0.020 25 2.010 1.225 0.75 30/08/2016 0.360 0.120 0.195 0.185 0138CT MYEG-CT 0.185 Unch 162 2.010 1.775 6.72 30/09/2016 0.180 0.045 0.060 0.055 0138CU MYEG-CU 0.055 -0.005 450 2.010 2.300 22.64 29/07/2016 0.100 0.035 0.040 0.040 0138CW MYEG-CW 0.040 Unch 880 2.010 2.350 25.87 23/11/2016 0.145 0.085 0.105 0.100 0138CX MYEG-CX 0.100 -0.045 849 2.010 1.900 13.43 31/10/2016 0.035 0.010 0.020 0.015 0096WB NEXGRAM-WB 0.020 0.005 802.5 0.060 0.260 366.67 21/07/2023 0.065 0.020 0.025 0.025 0096WC NEXGRAM-WC 0.025 Unch 100 0.060 0.100 108.33 15/01/2024 0.080 0.020 0.045 0.040 7139WA NICE-WA 0.045 Unch 196 0.110 0.160 86.36 09/08/2017 0.125 0.045 0.065 0.065 0083WB NOTION-WB 0.065 Unch 466.7 0.400 1.000 166.25 02/05/2017 0.240 0.150 0.185 0.180 0172WA OCK-WA 0.180 -0.005 2352.7 0.780 0.710 14.10 15/12/2020 0.195 0.100 0.195 0.180 7071WB OCR-WB 0.185 -0.005 3527.9 0.575 0.350 -6.96 02/09/2016 0.375 0.060 0.090 0.075 9008WB OMESTI-WB 0.085 0.005 163.1 0.470 0.500 24.47 30/05/2018

Main Market & Ace Market Warrants

Sinclo

SINhigyesoth Sintrasperecclucomfi rm at SS$amhigagesou 1.6ZhcalBua rdecemma to 4it hMa

M

Bu

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 1 0 0 0 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1

Y H

Ma

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

WEDNESDAY MAY 18, 2016 • THEEDGE FINANCIAL DAILY 2 9

Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants

RYATE

016016016016016018016019016016016021020017018018016016016016016016016016016016016016016016016016016016016016016016021021017016016016020020016019016017019021017016016016016023017016016018024017020020019016018018020020022023020016018020016016016016016016022017020019018020017016017016016016016020017019016016018018020016016016016016016023024017017020016018

Singapore stocks — Straits Times Index closes 1.65% higher at 2,781.11 points

SINGAPORE: Singapore stocks closed higher 1.65% or 45.05 points to 2,781.11 yesterday, following the lead of US and other Asian markets. Eu Yan Sang closed 2.4% higher at 63 Singapore cents with 8.7 million shares traded. The traditional chinese medicine specialist announced on Monday that it received a bid from a consortium that in-cludes a unit of Singapore’s investment company Temasek Holdings, valuing the fi rm at around S$269 million. Sembcorp Marine closed 7.6% higher at S$1.63 while Keppel Corp rose 6.1% to S$5.42. Offshore and marine stocks were among the gainers as oil prices hit six-month highs on worries about global supply out-ages and long-time bear Goldman Sachs sounded more positive on the market. Shipbuilder Cosco Corp also closed 1.6% higher at 32.5 Singapore cents. Zhoushan subsidiary delivered an oil tanker called Front Leopard to its European buyer. But its subsidiary Nantong has agreed to a request from its customer KS Drilling to delay the delivery of a drilling rig to De-cember due to the current unfavourable market conditions. Darco Water Tech closed 10.7% higher to 46.5 Singapore cents after announcing it had won new contracts in China and Malaysia worth some S$11.5 million.

Australian stocks — Australian shares end up 0.69% on resources lift

MELBOURNE: Australian shares up 0.69% yesterday, stoked by steel, mining and en-ergy stocks, with commodities benefi ting from better risk appetite as oil prices hit six-month highs due to supply worries. The S&P/ASX 200 Index climbed 0.69% or 36.93 points to 5,395.874 by the close of trade. Steel companies were the top gainers in both Australia and New Zealand, with Bluescope Steel up nearly 10% and Steel & Tube Holdings up more than 4%, recov-ering from a slump over the past month, helped by signs of a pick-up in property investment and construction in China. “There is a view that whilst the steel market is still very tough, there are some signs of green shoots,” said James McGlew, executive director at broker Argonaut in Perth. “There’s been a palpable change in mood towards iron ore stocks in general.” Producers of the key steel-making ingre-dient iron ore jumped, too, with Fortescue Metals surging 7.9%. Top miner BHP Billiton, which is also an oil producer jumped 3.5%. Oil and gas producers Woodside Petroleum rose 2.88%, while Santos jumped 6.3%. Meanwhile, New Zealand’s benchmark S&P/NZX 50 Index climbed 0.88% or 60.74 points to 6,974.87, having marked a new record high at 6,988.38.

US stocks — Apple, energy shares shine as Wall Street rallies

NEW YORK: Wall Street rallied sharply on Monday, juiced by a jump in Apple shares and gains from energy stocks that were backed by stronger oil prices. The Dow Jones Industrial Average rose 175.39 points or 1% to 17,710.71; the S&P 500 gained 20.05 points or 0.98% to 2,066.66; and the Nasdaq Composite added 57.78 points or 1.22% to 4,775.46. Apple shares fi nished up 3.7% after War-ren Buffett’s Berkshire Hathaway reported a stake worth about US$1 billion in the iPhone maker. The stock, which had lost about one-fi fth of its value in the past month, gave the biggest boost to the three indices. The S&P energy sector gained 1.6% as oil prices hit six-month highs. Crude prices were supported by worries about global supply outages and as long-time bear Goldman Sachs sounded more pos-itive on the market. Oil prices have recovered some ground after touching 12-year lows earlier in 2016, with volatility in oil causing jitters in other markets. “With oil prices being back up into that US$40 range, some of the downside that was associated with the energy market ... is more subdued at these current prices, or at least held at bay, and the ripple ef-fects from that are also held at bay,” said Jason Pride, director of investment strat-egy at Glenmede Investment and Wealth

Management in Philadelphia. All 10 major S&P 500 sectors fi nished higher, led by materials and energy. Last week, the Dow and S&P 500 fell for a third straight week, while the Nas-daq’s losing streak hit four weeks. “Oil is the catalyst, but the move on Monday wouldn’t have been this big if stocks had not been this weak lately,” said Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis. Gloomy quarterly reports from retailers had clouded the market last week. The re-tail sector is in focus again, with Walmart, Home Depot and Target set to report re-sults this week. The S&P 500 is up just over 1% this year. While the benchmark index has risen about 14% since February lows, the rally fi zzled out in the last few weeks amid mixed corporate earnings and economic data. On Monday, Anacor Pharmaceuticals soared 57.2% to US$100.67 after Pfi zer said it would buy the drug maker in a deal valued at US$5.2 billion. Anacor gave one of the biggest boosts to the Nasdaq Bio-technology index, which gained 3%. Tribune Publishing climbed 22.8% to US$14.08 after Gannett raised its buyout offer to US$15 per share. Gannett closed up 2.2% at US$15.98. About 6.5 billion shares changed hands on US exchanges, below the 7.2 billion daily average for the past 20 trading days, accord-ing to Thomson Reuters data. — Agencies

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

2,781.11+45.05

(+1.65%)

May 17, 2016

2400

2700

3000

3300

3600

ASX 200Index points

4,686.53

Mar 1, 2010 May 17, 2016

5,395.874+36.929

(+0.69%)3800

4630

5460

6290

Dow JonesIndex points

10,403.79

Mar 1, 2010 May 16, 2016

17,710.71+175.39

(+1.00%)

9500

11770

14040

16310

18580

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 May 17, 2016

1900

2875

3850

4825

5800 2,843.68-7.18

(-0.25%)

Bursa Malaysia Equity Derivatives

0.470 0.255 0.295 0.285 5053WC OSK-WC 0.285 Unch 10.2 1.580 1.800 31.96 22/07/2020 0.095 0.010 0.085 0.075 0005WA PALETTE-WA 0.080 0.005 7144.9 0.095 0.040 26.32 20/03/2018 0.375 0.160 0.175 0.175 5125WA PANTECH-WA 0.175 Unch 2 0.565 0.600 37.17 21/12/2020 0.100 0.010 0.020 0.020 1295C4 PBBANK-C4 0.020 0.010 246 19.160 19.300 1.77 30/06/2016 0.190 0.075 0.160 0.150 1295C6 PBBANK-C6 0.160 0.015 380.5 19.160 18.000 0.63 30/09/2016 0.385 0.095 0.140 0.100 5183C1 PCHEM-C1 0.125 0.010 4649.8 6.410 6.000 3.35 18/07/2016 0.260 0.005 0.070 0.030 5183C4 PCHEM-C4 0.045 0.020 3341.3 6.410 6.250 0.31 31/05/2016 0.140 0.070 0.075 0.070 5183C5 PCHEM-C5 0.070 -0.005 35 6.410 7.300 20.44 28/10/2016 0.120 0.030 0.065 0.040 5183C6 PCHEM-C6 0.050 0.005 148.8 6.410 6.900 11.54 30/11/2016 0.310 0.130 0.245 0.245 9997WB PENSONI-WB 0.245 Unch 27 0.615 0.600 37.40 20/01/2024 0.400 0.120 0.140 0.135 8311WC PESONA-WC 0.140 Unch 45 0.370 0.250 5.41 27/01/2020 0.310 0.015 0.035 0.015 5681CP PETDAG-CP 0.035 0.020 268.2 23.28 23.00 0.60 30/06/2016 0.185 0.025 0.040 0.030 5681CQ PETDAG-CQ 0.040 0.010 87.5 23.28 24.86 9.54 31/10/2016 0.120 0.080 0.080 0.080 3042CA PETRONM-CA 0.080 Unch 40 5.500 6.000 26.55 15/12/2016 0.600 0.330 0.375 0.375 1945WC PJDEV-WC 0.375 -0.005 20 1.340 1.000 2.61 04/12/2020 0.795 0.235 0.735 0.715 8869CN PMETAL-CN 0.720 -0.035 47 3.090 1.600 -1.62 18/07/2016 0.215 0.105 0.185 0.180 8869CO PMETAL-CO 0.180 -0.005 55 3.090 2.700 10.68 15/12/2016 2.000 0.705 1.930 1.850 8869WC PMETAL-WC 1.930 0.010 155.4 3.090 1.100 -1.94 22/08/2019 1.110 0.645 0.680 0.655 7088WB POHUAT-WB 0.665 -0.010 782.5 1.480 1.000 12.50 21/10/2020 0.280 0.020 0.130 0.120 4634CV POS-CV 0.125 -0.005 1014.1 2.800 2.770 7.86 31/10/2016 0.435 0.160 0.410 0.405 7168WA PRG-WA 0.405 -0.005 228.2 1.140 0.750 1.32 06/07/2019 0.135 0.055 0.075 0.065 7145WA PSIPTEK-WA 0.075 Unch 54 0.120 0.100 45.83 16/11/2019 0.035 0.015 0.025 0.020 0007WB PUC-WB 0.025 Unch 17.6 0.065 0.100 92.31 15/02/2019 5.140 4.500 5.030 5.000 7765WA RAPID-WA 5.000 Unch 408 5.970 1.000 0.50 07/04/2017 0.010 0.005 0.010 0.005 0110WA RA-WA 0.005 Unch 153.2 0.010 0.170 1,650 22/03/2017 0.085 0.025 0.030 0.025 5256WA REACH-WA 0.030 Unch 270.3 0.690 0.750 13.04 12/08/2022 0.150 0.015 0.050 0.045 7232WA RESINTC-WA 0.045 -0.005 239.1 0.455 0.500 19.78 29/09/2016 0.115 0.070 0.085 0.080 5270WA RSENA-WA 0.080 -0.005 2092 0.410 0.500 41.46 01/12/2023 0.150 0.080 0.090 0.080 5157WA SAUDEE-WA 0.090 0.005 360.1 0.285 0.500 107.02 31/03/2021 0.115 0.050 0.100 0.090 0028WA SCOPE-WA 0.095 0.020 548.4 0.210 0.150 16.67 17/07/2020 0.530 0.090 0.315 0.290 7073WA SEACERA-WA 0.290 -0.015 376.1 0.915 1.000 40.98 16/05/2017 0.310 0.080 0.110 0.105 0055WA SERSOL-WA 0.105 Unch 17 0.135 0.180 111.11 18/04/2023 0.465 0.310 0.345 0.335 7246WA SIGN-WA 0.340 -0.025 656.6 1.020 0.970 28.43 21/04/2021 0.200 0.050 0.075 0.070 4197C3 SIME-C3 0.075 0.015 556.7 7.400 7.900 10.81 30/09/2016 0.160 0.015 0.020 0.020 521815 SKPETROC15 0.020 Unch 421.5 1.610 2.200 40.99 30/08/2016 0.325 0.005 0.005 0.005 521816 SKPETROC16 0.005 Unch 550 1.610 1.800 12.42 31/05/2016 0.275 0.060 0.075 0.070 521817 SKPETROC17 0.070 0.005 765.8 1.610 1.700 16.46 30/09/2016 0.285 0.080 0.090 0.090 521820 SKPETROC20 0.090 0.010 30 1.610 1.600 13.35 18/07/2016 0.150 0.040 0.045 0.045 521821 SKPETROC21 0.045 0.005 0.1 1.610 1.980 34.16 28/11/2016 1.050 0.385 0.740 0.730 7155WA SKPRES-WA 0.730 -0.010 400 1.310 0.550 -2.29 27/06/2017 0.265 0.105 0.115 0.105 5126CD SOP-CD 0.110 -0.010 400 4.250 4.000 4.47 18/07/2016 0.230 0.065 0.140 0.140 7143WA STONE-WA 0.140 -0.005 180 0.355 0.300 23.94 21/06/2020 0.140 0.055 0.075 0.065 1201WA SUMATEC-WA 0.070 0.005 556.1 0.115 0.320 239.13 03/03/2021 0.135 0.040 0.055 0.050 1201WB SUMATEC-WB 0.050 Unch 2250.4 0.115 0.175 95.65 13/11/2018 1.140 0.630 0.840 0.825 5211WA SUNWAY-WA 0.840 0.005 156.1 3.110 2.250 -0.64 17/08/2016



0.140 0.060 0.105 0.095 0148WB SUNZEN-WB 0.095 -0.005 1490 0.265 0.250 30.19 25/02/2021 0.270 0.035 0.035 0.035 710610 SUPERMX-C10 0.035 Unch 30 2.640 3.170 25.38 31/10/2016 0.765 0.170 0.310 0.285 7106C5 SUPERMX-C5 0.310 0.015 69.1 2.640 2.100 3.03 18/07/2016 0.310 0.030 0.030 0.030 7106C8 SUPERMX-C8 0.030 Unch 671 2.640 3.000 18.18 25/08/2016 0.235 0.025 0.030 0.025 7106C9 SUPERMX-C9 0.030 -0.005 272.5 2.640 3.300 30.11 29/07/2016 0.345 0.135 0.190 0.185 7082WB SYF-WB 0.190 -0.005 252.8 0.570 0.700 56.14 11/11/2019 0.280 0.155 0.190 0.180 1538WB SYMLIFE-WB 0.180 -0.010 158 0.700 1.100 82.86 11/11/2020 0.200 0.035 0.045 0.045 5012CF TAANN-CF 0.045 -0.010 45 4.500 5.500 27.22 30/09/2016 0.560 0.240 0.305 0.290 8524WB TALIWRK-WB 0.305 Unch 102.3 1.440 1.700 39.24 11/11/2018 0.125 0.030 0.060 0.055 534719 TENAGA-C19 0.060 0.005 315 14.000 13.500 1.57 08/06/2016 0.595 0.360 0.515 0.505 534722 TENAGA-C22 0.515 0.010 11.2 14.000 10.500 0.75 30/09/2016 0.125 0.055 0.115 0.095 534728 TENAGA-C28 0.110 Unch 43.6 14.000 14.400 8.36 28/02/2017 0.155 0.145 0.150 0.150 534729 TENAGA-C29 0.150 -0.005 20 14.000 15.100 14.29 30/11/2016 0.975 0.360 0.430 0.430 7252WA TEOSENG-WA 0.430 -0.005 57.5 0.430 1.350 313.95 29/01/2020 0.115 0.040 0.090 0.080 0145WA TFP-WA 0.080 0.010 25.1 0.160 0.100 12.50 15/02/2019 2.550 0.600 1.770 1.750 7034WA TGUAN-WA 1.750 -0.030 18 3.110 1.500 4.50 09/10/2019 0.100 0.005 0.010 0.010 9075WA THETA-WA 0.010 Unch 9 0.410 1.199 194.88 04/07/2016 0.180 0.070 0.110 0.095 7889WB THRIVEN-WB 0.095 -0.005 1651.7 0.280 0.640 162.50 05/10/2020 0.025 0.005 0.010 0.010 7079WB TIGER-WB 0.010 Unch 619 0.055 0.170 227.27 23/12/2018 0.025 0.015 0.020 0.015 7079WC TIGER-WC 0.015 -0.010 160 0.055 0.080 72.73 11/02/2021 0.260 0.105 0.220 0.220 0101WB TMCLIFE-WB 0.220 -0.005 468.7 0.785 0.750 23.57 21/06/2019 0.680 0.300 0.450 0.450 8397WC TNLOGIS-WC 0.450 0.005 61 1.280 1.000 13.28 26/12/2018 0.160 0.125 0.130 0.130 7113C6 TOPGLOV-C6 0.130 Unch 33.6 5.020 5.150 15.54 28/02/2017 0.465 0.120 0.130 0.120 7113CX TOPGLOV-CX 0.125 -0.010 347.1 5.020 4.625 7.07 10/08/2016 0.885 0.050 0.055 0.055 7113CY TOPGLOV-CY 0.055 0.005 75 5.020 5.250 7.32 31/05/2016 0.170 0.025 0.120 0.115 5054WA TRC-WA 0.115 -0.015 226.1 0.455 0.500 35.16 20/01/2017 0.070 0.005 0.020 0.015 5054WB TRC-WB 0.015 -0.005 69.8 0.455 0.610 37.36 14/07/2016 0.070 0.005 0.005 0.005 5230CF TUNEPRO-CF 0.005 Unch 1329.6 1.540 1.750 14.61 08/06/2016 0.150 0.025 0.025 0.025 514820 UEMS-C20 0.025 -0.005 298 1.030 1.000 4.37 18/07/2016 0.130 0.040 0.045 0.040 4588CW UMW-CW 0.040 -0.010 375 5.770 7.000 24.78 31/01/2017 0.120 0.030 0.030 0.030 5243C3 UMWOG-C3 0.030 Unch 10 0.910 1.070 22.53 31/10/2016 0.160 0.005 0.030 0.020 0120WA VIS-WA 0.030 Unch 976.8 0.210 0.250 33.33 01/09/2016 0.240 0.011 0.190 0.180 0069WB VIVOCOM-WB 0.180 Unch 32574.2 0.330 0.240 27.27 07/09/2018 0.285 0.022 0.235 0.230 0069WC VIVOCOM-WC 0.235 0.005 7465.3 0.330 0.100 1.52 22/01/2020 0.120 0.015 0.015 0.015 6963CD VS-CD 0.015 Unch 131.2 1.200 1.600 37.58 29/07/2016 0.080 0.015 0.035 0.035 0066WA VSOLAR-WA 0.035 Unch 380 0.085 0.120 82.35 01/12/2017 0.515 0.230 0.255 0.250 6963WA VS-WA 0.255 0.005 467.5 1.200 1.650 58.75 06/01/2019 0.165 0.100 0.115 0.100 9679CX WCT-CX 0.100 -0.030 339.7 1.640 1.600 9.76 30/12/2016 0.290 0.100 0.245 0.230 9679WD WCT-WD 0.245 0.005 201.7 1.640 1.710 19.21 11/12/2017 0.280 0.130 0.205 0.200 9679WE WCT-WE 0.200 -0.005 381.6 1.640 2.080 39.02 27/08/2020 1.060 0.497 0.600 0.555 7245WA WZSATU-WA 0.555 -0.045 53.8 1.000 0.500 5.50 28/10/2024 0.045 0.010 0.010 0.010 5156WC XDL-WC 0.010 Unch 733.3 0.040 0.115 212.50 02/07/2018 0.025 0.010 0.015 0.010 0095WA XINGHE-WA 0.010 -0.005 1958.4 0.050 0.100 120.00 22/03/2019 0.065 0.040 0.050 0.045 0165WA XOX-WA 0.050 0.005 2030.8 0.130 0.200 92.31 10/02/2019 0.110 0.025 0.085 0.065 7020WB YKGI-WB 0.080 0.015 10263.7 0.235 0.500 146.81 28/05/2020 0.120 0.035 0.045 0.045 6742CS YTLPOWR-CS 0.045 -0.005 100 1.460 1.480 5.99 30/08/2016 0.500 0.330 0.360 0.355 6742WB YTLPOWR-WB 0.355 Unch 135.1 1.460 1.140 2.40 11/06/2018 0.260 0.070 0.100 0.080 7028WA ZECON-WA 0.085 -0.015 160 0.725 1.060 57.93 03/03/2017 0.270 0.105 0.115 0.105 2283WA ZELAN-WA 0.105 -0.010 227.5 0.205 0.250 73.17 25/01/2019

Main Market & Ace Market Warrants

MarketsI N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X


Local events to watch out for today

While every eff ort is made to ensure accuracy, the information presented is not an exhaustive list and is not an offi cial record of shareholder fi lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the offi cial fi lings fi led with Bursa Malaysia. Note: * denotes Ace Market

AXIATA GROUP 4,779,700 EMPLOYEES PROVIDENT FUND BOARD 1,263,441,016 22, 25 27 & 28/4AL-’AQAR HEALTHCARE REIT 354,000 LEMBAGA TABUNG HAJI 71,080,156 9, 11 & 12/5BERJAYA AUTO (5,200,000) BERJAYA LAND 548,879,906 11 & 13/5BRITISH AMERICAN TOBACO (M) 328,700 MITSUBISHI UFJ FINANCIAL GROUP, INC. 19,122,200 10/5 JAPANBUMI ARMADA (5,000,000) EMPLOYEES PROVIDENT FUND BOARD 414,993,600 9/5CARIMIN PETROLEUM (1,400,000) PLATINUM CASTLE 27,000,000 11/5DIGI.COM (3,770,300) EMPLOYEES PROVIDENT FUND BOARD 941,827,076 11/5EXCEL FORCE MSC (1,200,000) DATO’ MOHAMED NIZAM ABDUL RAZAK 16,967,700 10, 11 & 13/5FRASER & NEAVE 559,100 EMPLOYEES PROVIDENT FUND BOARD 30,254,730 5, 6 & 9/5GENTING PLANTATIONS (914,500) EMPLOYEES PROVIDENT FUND BOARD 99,836,700 11/5IJM CORPORATION (1,721,500) LEMBAGA TABUNG HAJI 188,843,140 9 - 12/5IMASPRO CORPORATION (2,984,200) YU KUAN CHON 10,738,704 9 - 11 & 13/5IOI CORPORATION (570,000) EMPLOYEES PROVIDENT FUND BOARD 455,631,373 11/5IOI PROPERTIES GROUP (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 298,159,786 11/5KOMARKCORP (15,622,500) LIM PEI TIAM @ LIAM AHAT KIAT 12/5KOSSAN RUBBER INDUSTRIES 1,138,100 EMPLOYEES PROVIDENT FUND BOARD 62,060,800 4 - 6, 9 & 10/5KUALA LUMPUR KEPONG (800,100) EMPLOYEES PROVIDENT FUND BOARD 125,675,588 11/5MALAKOFF CORPORATION (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 785,342,733 10/5MALAYAN BANKING 348,900 EMPLOYEES PROVIDENT FUND BOARD 1,430,719,983 11/5MALAYSIA AIRPORTS 401,500 EMPLOYEES PROVIDENT FUND BOARD 209,742,193 11/5MISC 2,434,900 EMPLOYEES PROVIDENT FUND BOARD 313,136,711 6, 9 & 10/5OMESTI (416,000) TAN SRI DATO’ SERI MEGAT NAJMUDDIN 17,666,055 13 & 16/5 DATUK SERI (DR) HJ MEGAT KHASPETRONAS GAS (306,500) EMPLOYEES PROVIDENT FUND BOARD 221,533,500 11/5PPB GROUP (870,000) EMPLOYEES PROVIDENT FUND BOARD 81,086,279 11/5PUBLIC BANK 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 513,650,268 11/5REACH ENERGY (2,259,000) CREDIT SUISSE SECURITIES (EUROPE) 72,827,500 9 & 10/5 LTD. UKSUNWAY REAL ESTATE INVEST TRUST (754,300) EMPLOYEES PROVIDENT FUND BOARD 348,938,500 9 - 11/5TELEKOM MALAYSIA (1,800,000) EMPLOYEES PROVIDENT FUND BOARD 500,748,836 11/5TOP GLOVE CORPORATION 1,500,000 EMPLOYEES PROVIDENT FUND BOARD 74,030,546 11/5WCT 1,649,900 LEMBAGA TABUNG HAJI 123,171,721 9 - 12/15WCT (400,000) EMPLOYEES PROVIDENT FUND BOARD 91,336,580 11/5YTL CORPORATION 500,000 EMPLOYEES PROVIDENT FUND BOARD 743,978,547 11/5

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on May 16, 2016)

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

Note: Run your fi nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your fi nger until that line intersects with the vertical column of the currency you wish to buy. The fi gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

• Th e Kuala Lumpur Regional Centre for Arbitration (KLRCA) invites you to the Construction Industry Payment and Ad-judication Act Conference 2016 at KLR-CA, Bangunan Sulaiman, Jalan Sultan Hishamuddin, Kuala Lumpur at 8.30am.

• Listing of Salutica Bhd on the ACE Market at Bursa Malaysia Securities Bhd, Kuala Lumpur at 9am.

• Sino Hua-An International Bhd annual general meeting (AGM) at Banquet Hall, 2nd Floor Kelab Perdana DiRaja Kuala Lumpur (Royal Lake Club), Taman Tasek Perdana, Jalan Cenderamulia, Off Jalan Parlimen, Kuala Lumpur at 9am.

• PMB Investment Berhad, invites you to the launch of a new Equity Fund at Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, Kuala Lumpur at 9.30am.

• TH Plantations Bhd AGM at Pacifi c Ball-room, Level 2 Seri Pacifi c Hotel Kuala Lumpur, Jalan Putra, Kuala Lumpur at 10am.

• Th eta Edge Bhd AGM at TH Hotel Kelana Jaya, Jalan SS6/1, Kelana Jaya Petaling Jaya, Selangor at 10am.

• Luxchem Corp Bhd AGM at Banyan & Casuarina Room, Sime Darby Conven-tion Centre, 1A, Jalan Bukit Kiara 1, Kuala Lumpur at 10am.

• Magna Prima Bhd AGM at Ideal Conven-tion Centre — IDCC Shah Alam, Level 7, Jalan Pahat L15/L, Seksyen 15, Shah Alam, Selangor at 10am.

• Shangri-La Hotel AGM at Sabah Room, B2 Level, Shangri-La Hotel Kuala Lumpur, 11 Jalan Sultan Ismail, Kuala Lumpur at 10am.

• ECM Libra Financial Group Bhd AGM at Ground Floor, East Wing, Bangunan ECM Libra, 8 Jalan Damansara Endah, Damansara Heights, Kuala Lumpur at 10am

• Product launch by Brahims at Dewina Holdings Sdn Bhd, Lot 11, Jalan P/9B, Kawasan Industri, Bandar Baru Bangi, Selangor at 10am.

• Ni Hsin Resources Bhd AGM and ex-traordinary general meeting at Tioman Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, Kuala Lumpur at 10.30am

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

NZ $ 0.601 0.680 0.666 0.470 0.880 0.932 0.932 0.929 2.7359 4.438 53.487 4.471 2.499 9,047 45.480 74.450 5.560 31.605 2.476 2.552 5.617 24.161 5.281

EURO 1.664 1.132 1.108 0.782 1.464 1.550 1.551 1.546 4.5522 7.385 88.995 7.439 4.158 15,054 75.673 123.876 9.251 52.586 4.120 4.246 9.346 40.201 8.787

US $ 1.470 0.883 0.978 0.691 1.294 1.369 1.370 1.366 4.0210 6.523 78.610 6.571 3.673 13,297 66.843 109.421 8.171 46.450 3.640 3.750 8.255 35.510 7.761

SWISS FR 1.502 0.903 1.022 0.706 1.322 1.400 1.400 1.396 4.1098 6.667 80.346 6.716 3.754 13,591 68.319 111.837 8.352 47.476 3.720 3.833 8.437 36.294 7.933

STERLING £ 2.128 1.279 1.448 1.417 1.873 1.983 1.983 1.977 5.8216 9.444 113.812 9.513 5.317 19,251 96.775 158.420 11.830 67.250 5.269 5.429 11.952 51.411 11.237

CANADA $ 1.136 0.683 0.773 0.756 0.534 1.059 1.059 1.056 3.1084 5.043 60.769 5.079 2.839 10,279 51.672 84.587 6.317 35.908 2.814 2.899 6.381 27.451 6.000

BRUNEI $ 1.073 0.645 0.730 0.714 0.504 0.945 1.000 0.997 2.9363 4.763 57.404 4.798 2.682 9,710 48.811 79.904 5.967 33.920 2.658 2.738 6.028 25.931 5.668

SINGAPORE $ 1.073 0.645 0.730 0.714 0.504 0.944 1.000 0.997 2.9353 4.762 57.385 4.797 2.681 9,707 48.795 79.876 5.965 33.908 2.657 2.738 6.026 25.922 5.666

AUSTRALIA $ 1.076 0.647 0.732 0.716 0.506 0.947 1.003 1.003 2.9442 4.776 57.559 4.811 2.689 9,736 48.943 80.119 5.983 34.011 2.665 2.746 6.044 26.001 5.683

MALAYSIA RM 0.366 0.220 0.249 0.243 0.172 0.322 0.341 0.341 0.340 1.0000 1.622 19.550 1.634 0.913 3,307 16.623 27.212 2.032 11.552 0.905 0.933 2.053 8.831 1.930

100 CHINESE RMB 22.531 13.541 15.330 14.999 10.588 19.831 20.993 21.000 20.937 61.6420 1,205 100.729 56.301 203,843 1,024.702 1,677 125.263 712.081 55.795 57.489 126.549 544.368 118.982

100 BANGLAD’H TAKA 1.870 1.124 1.272 1.245 0.879 1.646 1.742 1.743 1.737 5.1151 8.298 8.359 4.672 16,915 85.031 139.194 10.394 59.089 4.630 4.771 10.501 45.172 9.873

100 DANISH KRONER 22.368 13.443 15.219 14.890 10.512 19.687 20.841 20.848 20.785 61.1960 99.28 1,196 55.894 202,368 1,017.29 1,665 124.36 706.93 55.39 57.07 125.63 540.43 118.12

100 UAE DIRHAM 40.018 24.051 27.229 26.640 18.807 35.223 37.287 37.300 37.187 109.4865 177.62 2,140 178.91 362,059 1,820 2,979 222.49 1,265 99.10 102.11 224.77 966.89 211.33

1000 INA RUPIAH 0.111 0.066 0.075 0.074 0.052 0.097 0.103 0.103 0.103 0.3024 0.491 5.912 0.494 0.276 5.027 8.229 0.615 3.493 0.274 0.282 0.621 2.671 0.584

100 INDIA RUPEE 2.199 1.321 1.496 1.464 1.033 1.935 2.049 2.049 2.043 6.0156 9.759 117.604 9.830 5.494 19,893 163.699 12.224 69.491 5.445 5.610 12.350 53.124 11.611

100 JAPAN YEN 1.343 0.807 0.914 0.894 0.631 1.182 1.252 1.252 1.248 3.6748 5.962 71.842 6.005 3.356 12,152 61.088 7.468 42.451 3.326 3.427 7.544 32.453 7.093

100 NORWEGIAN KRONER 17.987 10.810 12.238 11.974 8.453 15.831 16.759 16.765 16.714 49.2100 79.832 962 80.414 44.946 162,731 818.040 1,339 568.468 44.542 45.895 101.026 434.579 94.985

100 PHILIPPINE PESO 3.164 1.902 2.153 2.106 1.487 2.785 2.948 2.949 2.940 8.6566 14.043 169.236 14.146 7.907 28,626 143.903 235.567 17.591 7.836 8.073 17.772 76.447 16.709

100 QATAR RIYAL 40.381 24.269 27.476 26.882 18.977 35.542 37.625 37.638 37.524 110.4792 179.227 2,160 180.533 100.907 365,341 1,837 3,006 224.506 1,276 103.036 226.810 975.654 213.247

100 SAUDI RIYAL 39.191 23.554 26.666 26.090 18.418 34.495 36.517 36.529 36.419 107.2238 173.946 2,096 175.214 97.933 354,576 1,782 2,918 217.890 1,239 97.053 220.127 946.906 206.964

100 SWEDISH KRONOR 17.804 10.700 12.114 11.852 8.367 15.670 16.589 16.595 16.544 48.7100 79.021 952.276 79.597 44.490 161,078 809.728 1,326 98.984 562.692 44.090 45.428 430.164 94.020

100 THAI BAHT 4.139 2.488 2.816 2.755 1.945 3.643 3.856 3.858 3.846 11.3236 18.370 221.375 18.504 10.342 37,446 188.237 308.142 23.011 130.809 10.250 10.561 23.247 21.857

100 HK$ 18.936 11.381 12.884 12.606 8.899 16.667 17.644 17.650 17.597 51.8080 84.047 1,012.841 84.659 47.319 171,323 861.227 1,410 105.279 598.480 46.894 48.318 106.360 457.522

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

CMSB 3.350 3.170 3.270 10457.3SOP-CD 0.115 0.105 0.110 400ARMADA-C14 0.030 0.025 0.025 1700A50CHIN-C4 0.045 0.040 0.045 45.5KSL 1.190 1.170 1.180 233.1FREIGHT 1.250 1.200 1.250 8.1CAREPLS 0.420 0.390 0.415 1826.7LAFMSIA 8.220 8.150 8.210 237.9UMW 5.940 5.720 5.770 1526.5UMW-CW 0.045 0.040 0.040 375MUH 0.800 0.790 0.800 6.5GAMUDA-C24 0.040 0.040 0.040 13.1HSI-C18 0.015 0.005 0.015 754.9ARMADA-C10 0.025 0.025 0.025 105FGV-C8 0.035 0.035 0.035 250This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later.

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

HLIND 8.000 7.750 8.000 196.1VERSATL 1.360 1.160 1.280 916.5AIRASIAC34 0.215 0.180 0.215 5713AEM-WA 0.060 0.050 0.050 2219AAX 0.410 0.390 0.410 139107.7AAX-WA 0.335 0.300 0.335 122772.6OCR 0.600 0.575 0.575 4818.5AIRASIAC31 0.250 0.240 0.250 6366.1AIRASIAC26 0.925 0.880 0.925 97TURIYA 0.270 0.200 0.220 3835.33A 1.260 1.220 1.250 3800.9AIRASIAC27 0.355 0.335 0.355 312AIRASIAC32 0.370 0.345 0.370 754AIRASIA 2.330 2.240 2.320 37665.9TEKSENG 1.400 1.370 1.390 2163.1This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profi t-taking activities could set in later.

Trading themes

Stocks closest to year high Stocks closest to year low

US Federal Reserve benchmark rate moves during election years

Benchmark Zinc treatment charges

MarketsF 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

3 1


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

MAY/JUN -3.0 -4.0 -3.0

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

JUN/JUL 12JUN/AUG 33JUN/SEP 65JUL/AUG 21

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -67.443 MONTHS AVERAGE -66.846 MONTHS AVERAGE -82.15

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

JUN-16 2,632 6 319 6,810 -29JUL-16 2,620 8 12,053 76,605 -564AUG-16 2,599 12 21,326 76,893 -1,593SEP-16 2,567 16 10,329 67,057 2,879OCT-16 2,540 13 2,060 15,699 1,262

Palm oil gains as demand picks up ahead of Ramadan

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

Brent oil eases below US$49 after reaching six-month

METAL & PRECIOUS METALSTIN US$/TON KLTM 17,000 120COPPER USC/IBS CMX 2.0810 -0.0080GOLD US$/TROY OZ CMX 1,274.80 0.60PLATINUM US$/TROY OZ NYMEX 1,049.50 -4.00PALLADIUM US$/TROY OZ NYMEX 589.95 -2.30SILVER USC/TROY OZ CMX 17.10 -0.04ALUMINIUM RMB/TON SHF 12,355 260ZINC RMB/TON SHF 15,205 125

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 47.76 0.04HEATING OIL USC/GAL NYMEX 1.4555 0.0083NATURAL GAS US$/MMBTU NYMEX 2.206 0.029BRENT CRUDE US$/BBL ICE 48.85 -0.12GAS OIL US$/TON ICE 434.00 3.75

CRUDE PALM OIL RM/TON MDEX 2,599 12RUBBER SEN/KG MRB 553.50 0.50CORN USC/BSH CBOT 393.25 -0.75SOYBEANS USC/BSH CBOT 1,068.50 4.00WHEAT USC/BSH CBOT 475.00 0.25LIVE CATTLE USC/IBS CME 119.48 0.75COCOA US$/TON NYBOT 2,935 -40COFFEE USC/IBS NYBOT 133.90 0.30SUGAR USC/IBS NYBOT 16.88 -0.24COTTON USC/IBS NYC 60.58 0.10

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20Sen/Kg

Jan 7, 2007 May 17, 2016

200

575

950

1325

1700

553.50(+0.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1- 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

MAR’16 APR’16 MAY’16

308/328 305/321 404/391 416/451 500/484 575/563 718/713 724/738 —/— 883/887 883/890 —/— 1,168/1,175 1,088/1,109 —/—

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1220

1410

1600

1790

1980

May 17, 2016

1,628.50(+16.50)

Klibor

Implied interest rate (%)

Oct 1, 2000 May 17, 2016

3.65(Unch)

1.5

2.5

3.5

4.5

Centrifuged LatexSen/Kg

Jan 7, 2007

482.00(-7.00)

May 17, 2016

300

500

700

900

1100

CPO futures

FBM KLCI futures

MAY6 96.32 — — —JUN6 96.35 — — —JUL6 96.35 — — —SEP6 96.35 — — —DEC6 96.35 — — —MAR7 96.35 — — —JUN7 96.30 — — —SEP7 96.26 — — —DEC7 96.21 — — —MAR8 96.21 — — —JUN8 96.21 — — —SEP8 96.21 — — —DEC8 96.21 — — —MAR9 96.21 — — —JUN9 96.21 — — —SEP9 96.21 — — —DEC9 96.21 — — —MAR0 96.21 — — —JUN0 96.21 — — —SEP0 96.21 — — —DEC0 96.21 — — —MAR1 96.21 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian benchmark palm oil futures rose yesterday, overcoming a stronger ringgit , as demand for the tropical oil ahead of the Mus-lim festival of Ramadan pushed up prices. Demand for palm oil usually comes in one to two months before Ramadan, which begins in early June this year. Th e Muslim festival is a month of fasting and feasting, which sees higher demand for palm oil used in cooking, leading up to Eid. The new palm oil contract for August delivery on Bursa Malaysia Derivatives was 0.5% or RM12 higher at RM2,599 per tonne. “Although the ringgit is stronger on Mon-day, the market is covering for May and June as Ramadan demand is there,” said a Kuala Lumpur-based trader. Th e Malaysian ringgit rose as crude oil futures held near six-week highs, easing concerns over the country’s falling gas and oil revenues. A stronger ringgit, the currency in which palm oil is traded, typically makes it more expensive to buy for foreign currency holders. “Everyone wants to rush the shipments before Eid. Th e 0.5% rise [in crude palm oil export tax] won’t make much of an impact, it’s very marginal,” the trader said. Malaysia raised its export tax on crude palm oil to 5.5% for June, a government cir-cular showed yesterday. Th e world’s second largest palm oil producer set the export tax at 5% for April and May. — Reuters

JAN’15 FEB’16 MAR’16 APR’16

1,130 1,043 1,220 1,301 1,279 1,085 1,334 1,165 2,308 2,169 1,885 1,800

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 592 19.00% 566 18.00% 540SOUTH 20.00% 600 19.00% 573 18.00% 547CENTRAL 20.00% 598 19.00% 572 18.00% 545EAST COAST 20.00% 592 19.00% 566 18.00% 540SABAH 22.00% 576 21.00% 552 20.00% 529SARAWAK 22.00% 586 21.00% 560 20.00% 536

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) MAY’2016 JUN’2016 JUL’2016

CPO DELD 2,670 2,685 2,690PK EX-MILL 2,340 2,375 2,370CPKO DELD 4,861 4,845 4,927RBD P.OIL FOB 2,751 2,783 2,691RBD P.OLEIN FOB 2,791 2,807 2,711RBD P.STEARIN FOB 2,570 2,590 2,550

MPOB Palm oil physical

Brent oil slipped from a six-month high to trade below US$49 per barrel yesterday af-ter a deal between Libyan factions brought higher output a step closer, although outages in Nigeria and Canada lent support. Brent crude futures down 12 US cents at US$48.85, while US crude was up four US cents at US$47.76, having reached US$48.42, its highest since October. Th e Libyan factions agreed in principle at talks in Vienna to have one oil organisation. Most of the Organization of the Petroleum Exporting Countries member’s output is of-fl ine because of confl ict. Traders were also eyeing the restart soon of some of the shut Nigerian output. Profi t-taking by some investors could be prompting some weakness in prices yester-day, but further price gains are likely given the supply losses, Commerzbank said. — Reuters

Commodities

overnight policy rate at 3.25% on expectations that economic growth will improve in the com-ing quarters, a Reuters poll showed. — Agencies

CPO & Open Interest CPO RM/tonne Open Interest

Jan 6, 2008 May 17, 2016

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+12)2,599

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 May 17, 2016

2,932(RM0.3312/tonne)

2,599(+12) 0.0000

0.1825

0.3650

0.5475

0.7300

1200

2500

3800

5100

6400

Th e yen hit a 2½-week low yesterday as a move up in oil prices boosted risk appetite, and as investors worried that after giving several warnings, Japanese offi cials would intervene to weaken the yen. Th e Japanese currency has fallen around 3.5% against the US dollar since hitting an 18-month high two weeks ago, with policy-makers stepping up talk that they are watch-ing the yen’s movements and will step in to weaken it if necessary. It fell 0.5% to ¥109.65 per US dollar yester-day, its weakest since April 28. Th e yen was also dented by a pick-up in risk appetite, with oil prices trading near six-month highs. Th e US dollar index, which tracks the currency against a basket of six others, was fl at at 94.566, close to a three-week high of 94.845 hit last Friday. — Reuters

Intervention talk drives down yen due to strong risk appetite

Th e FBM KLCI futures contract on Bursa Ma-laysia Derivatives ended higher yesterday intandem with the stronger underlying cash market. Th e benchmark FBM KLCI closed 12.18 points better at 1,633.39. Spot contract month May 2016 rose 16.5 points to 1,628.5; June 2016 added 17.5 points to 1,626.5; September 2016 inched up 15 points to 1,615; while December 2016 was 14.50 points higher at 1,605. Turnover rose to 7,489 lots from 6,658 lots on Monday, while open interest increased to 48,893 contracts from 47,040 contracts previously. Most Southeast Asian stocks rose yesterday, led by energy stocks as global oil prices climbed for a second day to a near 6-month high, with Vietnam up 1.5% to hit its highest since July. Bank Negara Malaysia will likely hold its

FBM KLCI futures higher in tandem with cash market

Crude OilUS$/bbl

Apr 10, 2007 May 17, 2016

47.76(+0.04)

20.00

53.75

87.50

121.25

155.00

GoldUS$/troy oz

Aug 31, 2008 May 17, 2016

1,274.80(+0.60)

700

1020

1340

1660

1980

Long Rolls - KLCI futures Index points

Jan 4, 2010 May 17, 2016

-3.00(Unch)

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.00

78.75

86.50

94.25

102.00

May 17, 2016

94.566(-0.006)

FBMKLCI 1,633.39 12.18 148.4M MAY 16 1,628.50 16.50 6,864 46,182 1,268JUN 16 1,626.50 17.50 504 2,340 125SEP 16 1,615.00 15.00 104 284 15DEC 16 1,605.00 14.50 17 87 8TOTAL 7,489 48,893 1,416

MAY 16 15 2.10 5.83 -3.73JUN 16 45 6.59 12.55 -5.96ROLL’S FAIR -2.23


Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

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

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O 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

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 5RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI rose 12.18 points or 0.8%, tracking Asian share market gains amid stronger crude oil prices. Th e ringgit strengthened. At 5pm yesterday, the FBM KLCI closed at 1,633.39 points. Across Asia, Japan’s Nikkei 225 rose 1.13% while Hong Kong’s Hang Seng Index closed 1.18% higher. Crude oil prices ended at US$47.76 a barrel. Oil futures rose for a second straight session yesterday, with US crude hitting a seven-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Mercury Securities research head Edmund Th am told theedgemarkets.com that higher crude oil prices could also be one of the reasons for the FBM KLCI’s performance. Besides crude oil, China’s economy is also closely watched, according to Th am. “We have to look at China’s data whether the economy is going to slow down further,” he said. In currency markets, the ringgit strengthened to 4.0200 against the US dollar at 5pm yesterday. Th e intraday exchange rate was between 4.0107 and 4.0310. Th e ringgit could have tracked stronger crude oil prices as the commodity forms a crucial portion of the Malaysian economy and government revenue. Across Bursa Malaysia, gainers led decliners by 479 to 341. Volume of 1.7 billion shares was valued at RM1.72 billion. — by Meena Lakshana

FBM KLCI up 12.18 points as crude oil near US$48

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)PETRONAS CHEMICAL 2.58 0.190 6.410 6865.9PETRONAS GAS 1.81 0.540 21.460 545.6GENTING 1.52 0.240 8.800 3628.5SIME DARBY 1.50 0.140 7.400 5367.1MAYBANK 1.33 0.080 8.530 7535.9PUBLIC BANK 1.05 0.160 19.160 4905.8PETRONAS DAGANG 0.94 0.560 23.280 591.6DIGI.COM 0.66 0.050 4.440 4945.1IOI CORPORATION 0.66 0.060 4.180 11423.1MISC 0.53 0.070 7.510 1941.0HONG LEONG BANK 0.51 0.140 13.440 877.2PPB GROUP 0.44 0.220 16.000 641.4SAPURA-KENCANA 0.31 0.030 1.610 13531.2AMMB HOLDINGS -0.31 -0.060 4.410 1095.6MAXIS -0.38 -0.030 5.430 1501.8AXIATA GROUP -0.45 -0.030 5.370 6009.2SUB-TOTAL 12.71 OTHERS -0.53 GRAND TOTAL 12.18

1,632.00 1,613.50 1,628.00 1,611.50 1,618.00 1,602.00

Market movers

DOW JONES 17,710.71 175.39S&P 500 2,066.66 20.05NASDAQ 100 4,380.48 53.95FTSE 100 6,151.40 12.90AUSTRALIA 5,395.87 36.93CHINA 2,843.68 -7.18HONG KONG 20,118.80 234.85INDIA 25,773.61 120.38

INDONESIA 4,729.16 -2.41JAPAN 16,652.80 186.40KOREA 1,968.06 0.15PHILIPPINES 7,524.84 13.10SINGAPORE 2,781.11 45.05TAIWAN 8,140.48 72.88THAILAND 1,406.57 8.94VIETNAM 624.75 8.97

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

UTDPLT 27.080 0.780NESTLE 74.520 0.720AJI 12.100 0.600DLADY 55.800 0.600PETDAG 23.280 0.560PETGAS 21.460 0.540BKAWAN 18.100 0.480GENTING 8.800 0.240HLIND 8.000 0.220PPB 16.000 0.220BLDPLNT 8.690 0.190PCHEM 6.410 0.190

A50CHIN-C4 0.045 -0.295HEIM 14.600 -0.200TIMECOM 7.030 -0.150AMWAY 9.200 -0.150LITRAK 5.360 -0.140UMW 5.770 -0.130VITROX 3.650 -0.120HSI-H45 1.580 -0.110HSI-HX 1.040 -0.110EDGENTA 3.700 -0.100KLK 23.000 -0.100CARLSBG 12.840 -0.100

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

PETDAG-CP 0.035 133.33PBBANK-C4 0.020 100.00BAT-CE 0.010 100.00SONA-WA 0.010 100.00PCHEM-C4 0.045 80.00HSI-C18 0.015 50.00GTRONIC-CG 0.015 50.00AIRASIAC29 0.120 41.18CAREPLS-WA 0.095 35.71SCOPE 0.210 35.48NEXGRAM-WB 0.020 33.33FBMKLCI-C28 0.060 33.33

A50CHIN-C4 0.045 -86.76FBMKLCI-C3 0.005 -50.00GASMSIA-CT 0.015 -40.00TIGER-WC 0.015 -40.00XINGHE-WA 0.010 -33.33MYEG-CX 0.100 -31.03BAC-C7 0.045 -30.77DAYANG-CW 0.045 -30.77ARMADA-C10 0.025 -28.57HIAPTEK-WA 0.115 -28.13HSI-HZ 0.260 -25.71IRIS-WA 0.015 -25.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

PETDAG-CP 0.035 133.33PBBANK-C4 0.020 100.00BAT-CE 0.010 100.00SONA-WA 0.010 100.00PCHEM-C4 0.045 80.00HSI-C18 0.015 50.00GTRONIC-CG 0.015 50.00AIRASIAC29 0.120 41.18CAREPLS-WA 0.095 35.71NEXGRAM-WB 0.020 33.33FBMKLCI-C28 0.060 33.33FBMKLCI-C38 0.040 33.33

A50CHIN-C4 0.045 -86.76FBMKLCI-C3 0.005 -50.00GASMSIA-CT 0.015 -40.00TIGER-WC 0.015 -40.00XINGHE-WA 0.010 -33.33MYEG-CX 0.100 -31.03BAC-C7 0.045 -30.77DAYANG-CW 0.045 -30.77ARMADA-C10 0.025 -28.57HIAPTEK-WA 0.115 -28.13HSI-HZ 0.260 -25.71IRIS-WA 0.015 -25.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

COMPUGT 38,163 -10.00 -0.005 0.045 0.055 0.045SGB-PA 21,710 8.33 0.005 0.065 0.070 0.060SUMATEC 21,665 0.00 0.000 0.115 0.120 0.110NETX 21,096 28.57 0.010 0.045 0.045 0.035SANICHI 20,187 -5.00 -0.010 0.190 0.205 0.185SANICHI-WC 16,959 300.00 0.045 0.060 0.065 0.050XINGHE 13,770 11.11 0.005 0.050 0.050 0.045KARYON 12,521 8.33 0.015 0.195 0.220 0.180OPENSYS 11,612 3.33 0.010 0.310 0.315 0.300DNONCE 9,597 2.04 0.005 0.250 0.255 0.240TUNEPRO 9,301 6.94 0.100 1.540 1.570 1.460PERISAI 8,278 4.00 0.010 0.260 0.260 0.250HHGROUP 5,601 7.32 0.030 0.440 0.440 0.415KNM-WA 4,999 0.00 0.000 0.080 0.085 0.075SCOPE 4,932 35.48 0.055 0.210 0.210 0.155KEURO-WE 4,893 0.00 0.000 0.060 0.080 0.060

STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ('000) (%) (RM) (RM) (RM) (RM)

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares traded for a particular counter on the previous trading day is more than triple the average volume for the 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.

UNUSUAL M ARKET ACTIVITIES

* How stock price changes affected the index on the previous trading day

This part will be completed by The Edge Communications Sdn Bhd

and will be faxed/emailed back to you.

The following newsagent who delivers to your area will contact you:

I want an edge! FOR OFFICE USEEmail: [email protected]: (03) 7721 8282

Name

Company

Delivery address

Tel no. Mobile no.

Fax no. Email address

YES, I would like to order Th e Edge Financial Daily at RM1.60 per copyMY DETAILS

NEWSAGENT’S DETAILS

Newsagent name

Company

Address

Contact no.


IJM, MRCB bag RM2.1b work packages out of RM4.2b jobs awarded for MRT2 5 H O M E B U S I N E S S

FINANCIALDAILY



PP 9974/08/2013 (032820)


FRIDAY MAY 13, 2016 ISSUE 2166/2016




1 3 H O M E

1 6 1 7 F O C U S

RHBCap eyes M&A opportunities in Indonesia

IPI growth slows to 2.8% in March

Vivocom in talks for more jobs with ‘big Chinese contractor’

MyCREST rating a must for public projects

Can this real estate gimmick save the world?

1,633.39 12.18 5,773.47 74.03 2,781.11 45.05 16,652.80 186.40 20,118.80 234.85 17,710.71 175.39 1,633.39 12.18 5,773.47 74.03 2,781.11 45.05 16,652.80 186.40 20,118.80 234.85 17,710.71 175.39 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,633.39 12.18 5,773.47 74.03 2,781.11 45.05 16,652.80 186.40 20,118.80 234.85 1,633.39 12.18 5,773.47 74.03 2,781.11 45.05 16,652.80 186.40 20,118.80 234.85

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 May 17, 2016

1,633.39(+12.18)

1,667.71

820.0

1102.5

1385.0

1667.5

1950.0

0

300

600

900

1615

1617

1619

1621

1623

1625

1627

1629

1631

1633

1635

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures 1,628.50 (+16.50)

1,633.39(+12.18)

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.

MAY 16 1,628.50 16.50JUN 16 1,626.50 17.50SEP 16 1,615.00 15.00

Fortune and love favor the brave.— Ovid

AAX 139,107.7 0.015 3.80 0.410 — 0.00AAX-WA 122,772.6 0.040 13.56 0.335 — 0.00VIVOCOM 42,537.7 -0.005 -1.49 0.330 23.10 0.00COMPUGT 38,163.4 -0.005 -10.00 0.045 83.33 0.00AIRASIA 37,665.9 0.100 4.50 2.320 11.46 1.80VIVOCOM-WB 32,574.2 UNCH UNCH 0.180 — 0.00MTOUCHE 27,713.9 -0.005 -3.57 0.135 — 0.00KNM 21,728.4 0.005 1.10 0.460 15.48 0.00SGB-PA 21,709.5 0.005 8.33 0.065 — 0.00SUMATEC 21,664.7 UNCH UNCH 0.115 10.55 0.00CIMB 21,191.2 0.020 0.47 4.320 12.76 3.26NETX 21,095.7 0.010 28.57 0.045 — 0.00SANICHI 20,186.5 -0.010 -5.00 0.190 17.86 0.00AWC 19,659.0 0.030 4.26 0.735 20.80 0.00NWP 17,746.6 0.015 5.08 0.310 — 0.00EKA 17,218.0 0.005 4.17 0.125 — 0.00SANICHI-WC 16,958.6 UNCH UNCH 0.060 — 0.00LKL 16,491.2 UNCH UNCH 0.280 14.81 0.00KBUNAI-WC 15,176.3 UNCH UNCH 0.020 — 0.00ARMADA 14,937.7 0.010 1.41 0.720 — 1.15

20160518h7qrmt

Documents