tuesday september 26, 2017 issue 2498/2017...

FBM KLCI 1769.14 1.90 KLCI FUTURES 1760.50 5.50 STI 3215.91 4.34 RM/USD 4.2020 CPO RM2686.00 51.00 OIL US$57.62 0.76 GOLD US$1293.60 0.30

Malaysia’s non-fi nancial GLCs see sharpest drop in credit trend since 2011 — S&P 6 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 RM1.50

TUESDAY SEPTEMBER 26, 2017 ISSUE 2498/2017

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




1 4 H O M E

1 5 C O M M E N T

MISC sells stake in Langsat tank terminals in Johor for RM193m

Malaysian GLCs should be more transparent, say OECD, Ideas

Hai-O expects 1Q’s strong growth momentum to continue

Foreign selling breaches RM400m — MIDF Research

Dissent on Myanmar statement tests Asean ties

Trump plan cuts taxes for rich and whacks New York, New Jersey

China scrutiny spurs developer to hit ‘pause’ on expansion PA G E 2

TENDERS FOR S’PORE-JB PROJECTto be called by year end

Cost of the rapid transit system will also be fi nalised by then.Sangeetha Amarthalingam has the story on Page 4.

The Hour Glass : Ulysse Nardin Boutique - Starhill Gallery - Kuala Lumpur T. (+603) 2148 0388;

The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2287 7830; Pavillon - Kuala Lumpur T. (603) 2148 8930; LOT 10 S.C. - Kuala Lumpur T. (603) 2144 1620;

Watches of Switzerland : The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2201 6811CLASSICO




1 4 H O M E

terminals in Johor for RM193m

Malaysian GLCsshould be moretransparent, say OECD, Ideas

Hai-O expects 1Q’s strong growth momentum tocontinue


Dissent on Myanmar statement testsAsean ties

Cost of the rapid traansit systemwill also be fi nalisedd by then.fiSangeetha Amarthaalingamhas the story on PPPaaaaaggggggggggggggggeeeeeeee 44444444.

a property

portal

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FBM KLCI 1769.14 1.90 KLCI FUTURES 1760.50 5.50 STI 3215.91 4.34 RM/USD 4.2020 CPO RM2686.00 51.00 OIL US$57.62 0.76 GOLD US$1293.60 0.30

Malaysia’s non-fi nancial GLCs see sharpest drop in credit trend since 2011 — S&P 6 H O M E B U S I N E S S

FINANCIALFINANCIALDAILYDAILY

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 RM1.50

TUESDAY SEPTEMBER 26, 2017 ISSUE 2498/2017





1 4 H O M E

1 5 C O M M E N T

MISC sells stake in Langsat tank terminals in Johor for RM193m

Malaysian GLCs should be more transparent, say OECD, Ideas

Hai-O expects 1Q’s strong growth momentum to continue


Dissent on Myanmar statement tests Asean ties

Trump plan cuts taxes for rich and whacks New York, New Jersey

China scrutiny spurs developer to hit ‘pause’ on expansion PA G E 2

TENDERS FOR S’PORE-JB PROJECTto be called by year end

Cost of the rapid transit system will also be fi nalised by then.Sangeetha Amarthalingam has the story on .

The Hour Glass : Ulysse Nardin Boutique - Starhill Gallery - Kuala Lumpur T. (+603) 2148 0388;

The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2287 7830; Pavillon - Kuala Lumpur T. (603) 2148 8930; LOT 10 S.C. - Kuala Lumpur T. (603) 2144 1620;

Watches of Switzerland : The Gardens, Mid Valley - Kuala Lumpur T. (+603) 2201 6811CLASSICO

www.theedgemarkets.com

2 TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V


BY E M M A D O N G

BY T H O M A S B U C K L E Y & S T E R L I N G W O N G

BY R U S S E L L WA R D

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

Publisher and Group CEO Ho Kay Tat

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

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Managing Director/Editor-in-ChiefAu Foong YeeEditor Lam Jian WynContributing Editor Sharon KamAssistant Editor James Chong

MARKETING & ADVERTISINGAssociate Account Director,Advertising & Marketing Heidee Ahmad (019) 388 1880

BUSINESS DEVELOPMENTSenior Manager Elizabeth Lay

SHANGHAI: Country Garden Holdings Co Ltd says it is hitting the pause button on an interna-tional expansion amid the Chinese government’s scrutiny of prop-erty acquisitions abroad, and is delaying investing in countries such as India.

“Now that the government is limiting overseas real estate invest-ments, we’ll take a pause,” chief strategy officer and vice presi-dent Jeff Lin said in an interview in Shanghai. Border tensions with India did not help prospects in that country too, he said.

Country Garden is gauging the Chinese government’s stance after dealmakers such as Dalian Wanda Group Co and Anbang Insurance Group Co attracted scrutiny for their overseas acqui-sitions and the authorities rolled out tighter rules for purchases abroad. Five years into an inter-national expansion, the devel-oper has looked at the US, UK, Th ailand, Vietnam and India after expanding into Malaysia, Indo-nesia, Australia and Hong Kong.

“We were exploring six cities in India this year,” Lin said. “However,

China’s Country Garden hits ‘pause’Beijing’s scrutiny spurs the developer to delay expansion

See related story on Page 11

we’ll slow them down now, because we’d still like to gauge the govern-ment’s policies on overseas invest-ments.” Th e company’s shares sank in Hong Kong yesterday, falling as much as 8.5%, the biggest intraday decline in 18 months, after eight Chinese cities rolled out extra tight-ening measures, including curbs on reselling homes within two to three years of purchase.

Country Garden, known for building a US$100 billion (RM419 billion) city on four artificial is-lands in Johor Baru, Malaysia, is controlled by one of China’s richest women, Yang Huiyan. Th e fi rm is

No 2 in China for contracted sales in the year through August, according to China Real Estate Information Corp, and its shares have more than tripled in Hong Kong this year as investors bet on the biggest devel-opers in a consolidating industry.

Th e Foshan-based developer pulled some Chinese executives from India, leaving their local Indi-an colleagues to handle the work, according to Lin, who also cited safety concerns in what has been a tense period between the two nations sparring over territory in a remote area of the Himalayas.

While Country Garden pressed ahead with a HK$2.44 billion (RM1.3 billion) investment for a residential site in Hong Kong this month, Lin said overall, the firm’s international expansion pace is “slowing”.

About a Mint report this month that Country Garden is in talks to buy a majority stake in a Wadh-wa Group residential township in Mumbai, Lin said that talks with overseas partners would continue but any decisions would be made “more prudently”. — Bloomberg

LONDON: Unilever has agreed to buy a South Korean cosmetics maker for €2.27 billion (RM11.35 billion) to gain a stronger foothold in the world’s fourth-largest skin-care market, betting that the pop-culture-fuelled appeal of the coun-try’s beauty products will outweigh concerns over regional tensions.

Unilever will buy Carver Korea, maker of AHC skincare products, from shareholders including Gold-man Sachs Group Inc and Bain Cap-ital Private Equity, the London- and Rotterdam-based company said in

Unilever buys Carver Korea for €2.27ba statement yesterday. Carver had sales of €321 million last year.

For the consumer-goods giant, whose brands include Ben & Jerry’s ice cream and Dove soap, the ac-quisition marks a shift from other recent purchases in niche areas like organic tea and vegan mayonnaise as chief executive offi cer Paul Pol-man pursues a commitment to sus-tainability. Th e company has also been building up a “prestige” arm within its personal care business, targeting high-end brands found-ed in developed markets, such as Dermalogica, Ren and Murad.

Skincare sales in South Korea will reach US$6.3 billion (RM26.4

billion) this year, and interest in the Asian country’s cosmetics compa-nies has been heating up. Bain Cap-ital agreed to invest about US$816 million in beauty-products maker Hugel Inc in April. AHC’s products include moisturisers, toners and sun protection.

Unilever shares rose as much as 0.8% early yesterday in Amsterdam.

Korean cosmetics have grown popular in the Asia-Pacifi c region alongside a boom in the country’s cultural exports. Many of the leading brands, which compete with Japan’s Shiseido Co, Kose Corp and others, use Korean celebrities to front their advertising campaigns. — Bloomberg

HONG KONG: Chinese property stocks plunged in Hong Kong after a raft of mainland cities added hous-ing curbs, wrongfooting investors betting that the government’s next step would be to ease restrictions.

Eight cities including Chongqing and Nanning rolled out curbs over the weekend, with most banning home resales within two to three years of purchase, the offi cial Xin-hua News Agency reported. Shang-hai-based Tospur Real Estate Con-sulting Co said six more places may follow suit, without naming them.

A Bloomberg Intelligence index of 22 developers tumbled 7.5% as of 1.50pm yesterday, heading for its steepest drop in more than two years and taking some of the air out of valuations for stock market stars such as China Evergrande Group and Sunac China Holdings Ltd, which have climbed fi vefold and fourfold respectively this year.

The latest wave of tightening comes only a week after offi cial data showed home price gains in fewer Chinese cities, fuelling optimism that the authorities may be able to limit additional property curbs. Th e industry is a focus of policymakers ahead of a twice-a-decade Commu-nist Party congress slated to begin on Oct 18, as leaders try to cool prices without tanking the economy.

“Policy risk is back in focus in the run up to mid-October as investors watch whether more cities will follow suit in issuing new controls,” RHB OSK Securities Hong Kong Ltd an-alyst Toni Ho said. “In reality, home prices in some second- and third-tier cities may be stronger than the offi -cial fi gures.” Th e latest curbs over a span of only two days show the au-thorities’ resolve and signal home prices are ending across-the-board gains and may become more closely linked to cities’ economic fundamen-tals, Guotai Junan Securities’ Shen-zhen-based analysts, led by Hou Like, wrote in a report released on Sunday.

Chinese developer stocks, the hottest part of Hong Kong’s market in recent weeks, slumped last Friday as S&P Global Ratings’ sovereign downgrade and Logan Property Holdings Co’s reported scrapping of a share placement punctured investor euphoria about the sector. Country Garden and China Ever-grande fell as much as 11.2% yes-terday and Sunac as much as 9.4%.

New-home prices, excluding gov-ernment-subsidised housing, gained in 46 of 70 cities tracked by the gov-ernment in August, compared with 56 in July, the National Bureau of Statistics said last week, the smallest number of increases since January.

Th e nation is on a city-by-city campaign to rein in house pric-es and limit the risk of bubbles. Since last Friday, Xi’an, Chongqing, Nanchang, Nanning, Changsha, Guiyang, Shijiazhuang and Wuhan have tightened housing controls, ac-cording to Xinhua. In Shijiazhuang, buyers will be banned from resell-ing within fi ve years. — Bloomberg

Chinese developers plunge after offi cials tighten housing curbs

Lin: Now that the government is limiting overseas real estate investments, we’ll take a pause. Photo by Reuters

www.business.hsbc.com.my

4 H O M E B U S I N E S S TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

Call for S’pore-JB project tenders by year endCost of rapid transit system will also be fi nalised by then

BY S A N G E E T H A A M A RT H A L I N G A M

KUALA LUMPUR: Malaysia will lead the rapid transit system (RTS) project between Johor Baru and Woodlands North in Singapore, Minister in the Prime Minister’s Department Datuk Seri Abdul Rah-man Dahlan said, with plans to call for open tenders for construction in the country by year end.

Th e RTS’ cost will also be fi nal-ised by the end of the year once its design is agreed upon by the oper-ating company (OpCo), he added.

Abdul Rahman also said there has been no decision on the share-holding of the OpCo that will de-sign, build, fi nance, operate and maintain, as well as renew the RTS link operating assets such as trains, tracks and systems. “How-ever, the OpCo would not be held on a 50:50 ratio as it would impede the decision-making process.

“Th ere could be a deadlock in decisions or agreements [made]if it held a 50:50 ratio. We are ap-proaching this issue in a ‘broth-erly’ manner where both parties have agreed that one of them has a slight majority, so it is easier to carry out the RTS moving for-ward,” he told reporters yesterday after witnessing the signing of a memorandum of understanding (MoU) between the Malaysian government-linked corporation Prasarana Malaysia Bhd and Sin-gapore-owned SMRT Corp Ltd to set up an OpCo to run the RTS.

“Of course, both countries agree that neither party can carry out the project on its own or im-pose its will. However, we don’t expect any issues.

“At the end of the day, there are mechanisms to overcome the issues at [the] ministerial level. If it is still not resolved at our level, then our prime ministers would be able to resolve the problem,” Abdul Rahman said.

Asked if debt-laden Prasara-na is able to operate the link, its chief executive offi cer Datuk Seri Azmi Abdul Aziz said the govern-ment will issue a guarantee for it to raise the funds via the market. “On us being a going concern, we are going through a transformation programme now. What is impor-tant is how we can get all public transportation infrastructure up, so it can serve the public and re-duce unnecessary congestion that would choke the city.

“That is something we have to look at in ensuring that public transportation infrastructure will be off the ground as soon as pos-sible, so the people can enjoy the government’s investments [in it],” Azmi added.

With a debt of RM18 billion in 2015 and a higher fi gure projected for 2016, Prasarana currently oper-ates three light rail transit systems, a monorail line and the mass rail transit line 1. It also runs the Al Mashaer Al Mugaddassah Metro Southern Line and the Makkah Shadow Operator in Saudi Arabia.

Abdul Rahman also said there are alternatives for the Johor-side alignment — an issue of conten-tion with the Sultan of Johor Sultan

Ibrahim Sultan Iskandar, but in Sin-gapore, the alignment has been set. “I met with [the] Sultan of Johor last week and some of his perceptions were based on third party views. We gave him our story, and took heed of his views on the alignment. I don’t see any other issue, and assured him that I will brief him from time to time,” he said.

He noted the design includes a proposal for a high bridge, low bridge, perpendicular, diagonal or even parallel to the Causeway. “We will fi nalise it by the end of the year. We are mobilising double the resources to fi nalise the tech-nical details. We don’t see any ob-jections from the Singapore side.”

Abdul Rahman also said while Bukit Chagar in Johor Baru has been identified as the site for the sta-tion, there has been no decision on how to get there as there are diff erent routes. Th e construction of the 4km-long link over the Tebrau channel is expected to begin next year following a round of tenders for construction, and is projected to be operational in 2024.

When completed, the rail sys-tem is expected to draw some 10,000 commuters daily each way, and reduce traffi c congestion.

KUALA LUMPUR: MISC Bhd plans to dispose of its 45% equity interest in Centralised Terminals Sdn Bhd (CTSB) to Dialog Group Bhd for RM193 million.

CTSB owns an 80% stake in Langsat Terminal (One) Sdn Bhd (LGT-1) and Langsat Terminal (Two) Sdn Bhd (LGT-2) at Tan-jung Langsat, Johor, which are cen-tralised tankage and tank termi-nal facilities serving the oil, gas and petrochemical industry. CTSB

MISC sells stake in Langsat tank terminals in Johor for RM193mBY A DA M A Z I Z also fully owns Langsat Terminal

(Th ree) Sdn Bhd, which is currently a dormant company.

In a fi ling with Bursa Malay-sia yesterday, MISC said this is in line with the group’s initiative to divest its non-core tank terminal business, unlock the value of its investment in CTSB and to focus on its core business in the ener-gy-related maritime solutions and services sector. It added that the group has entered into a share purchase agreement with Dialog for the proposed disposal.

“The purchase consideration of MISC shares was arrived at on a ‘willing buyer-willing seller’ ba-sis after taking into consideration CTSB’s unaudited net assets as at June 30, 2017,” said MISC.

Upon the completion of the pro-posed disposal, CTSB will cease to be a joint-venture company of MISC.

“Th e proposed disposal is not expected to have any material ef-fect on the earnings, gearing, and net assets of MISC Group for the fi nancial year ending Dec 31, 2017,” said MISC, adding that the pro-

posed disposal is expected to be completed within one month.

In a separate fi ling, Dialog said the proposed acquisition will enable it to consolidate CTSB’s contribution to the group revenue and benefi t from a higher net profi t from the additional 45% ownership in CTSB. “Th e pro-posed acquisition presents the right opportunity for Dialog to increase its equity ownership of existing tank terminals built by Dialog with proven track records. Full ownership would allow control and enhance acceler-ated decision-making to align CTSB

to Dialog’s strategic direction as well as to facilitate future expansion by CTSB,” it added.

In addition to current termi-nals owned by CTSB, Dialog owns tank terminals in the Pengerang Deepwater Terminal and the Ker-tih Terminal.

Operational since 2009, LGT-1 and LGT-2, with a total storage ca-pacity of 647,000 cu m, are current-ly fully utilised on term contracts. Both terminals have been includ-ed by oil agency Platts for its FOB Straits oil price assessment process.

EDITOR’S PICKS FROMtheedgemarkets.com

BY N E I LY SYA F I QA H E U S O F F

KUALA LUMPUR: Lotte Chemi-cal Titan Holding Bhd (LCT) said yesterday the damage caused by a fi re at the site of its new TE3 project in Pasir Gudang, Johor last Wednesday is minimal, with losses estimated at not more than RM50,000 to replace burnt cables.

In a fi ling with Bursa Malay-sia yesterday, LCT said it had completed the assessment of the minor fi re incident that had oc-curred at the site.

Fire damage minimal, commercial start-up of TE3 on target — LCT

“Th e fi re was due to contact between residual vapour from the quench water drain pit and the steam line. Th ere is no dam-age to the other plants and they are running normally,” it added.

LCT also said it had resumed the preparation of the TE3 pro-ject for commissioning and the commercial start-up is on target by the fourth quarter of 2017.

“Th e fi re incident is not ex-pected to have a material eff ect on the group’s earnings, net assets and gearing for the fi nancial year ending Dec 31, 2017,” it added.

BY SYA H I R A H SY E D J A A FA R

KUALA LUMPUR: S P Setia Bhd has raised RM434 million under a sukuk programme with a nominal value of up to the same sum, to part fi nance its purchase of fi ve parcels of freehold land in Seberang Perai, Penang.

It said in a fi ling that the notes were issued by its wholly-owned subsidiary Setia Recreation Sdn Bhd.

Public Investment Bank Bhd is the principal adviser for the sukuk programme, which will have a tenure of up to 10 years from the date of the fi rst issue.

BY A D A M A Z I Z

KUALA LUMPUR: Ho Wah Gen-ting Bhd (HWGB) is teaming up with Switzerland’s Dufry Group to jointly operate a duty-free shop in SkyAvenue mall at the Genting Highlands Resort, Pahang.

In a fi ling with Bursa Malaysia yesterday, HWGB said it had en-tered into a shareholders agree-ment with Dufry International AG, a member of Dufry Group, to incorporate a joint-venture (JV) company for the operation of the duty-free shop. HWGB will hold a 49% stake in the JV com-

S P Setia raises RM434m via sukuk for Penang land buy

Th e sukuk programme is guar-anteed by S P Setia and is secured by, among others, by the fi ve plots of land mentioned, which are ad-joining freehold parcels measuring some 1,674.83 acres (677.78ha).

Last November, the group an-nounced it won the tender to buy the plots for RM620.12 million, which marked the property de-veloper’s maiden entry into the mainland of Penang.

“The land is planned for an eco-themed mixed-development township that has a potential gross development value of RM9.6 bil-lion over a period of 15 to 20 years.”

Ho Wah Genting, Dufry to start duty-free shop in Genting Highlands

pany, while Dufry will own the remaining 51% stake.

HWGB said through the JV com-pany, it will have the opportunity to tap into Dufry Group’s strength in the travel retail business and to expand into the travel retail busi-ness in Genting Highlands Resort.

“Th e expansion will enable the HWGB group to share the oper-ating results after tax of the JV company and is expected to con-tribute positively to the group’s result in the long term,” it added.

The JV company will have an initial paid-up capital of US$500,000 (RM2.1 billion).

(Front row, from left) Prasarana chairman Tan Sri Khalid Abu Bakar, Azmi, SMRT president and group chief executive offi cer Desmond Kuek and chairman Seah Moon Ming at the signing ceremony between the two companies witnessed by Abdul Rahman (back row, centre). Photo by Suhaimi Yusuf

5TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

Whether it is the home you live in, or perhaps the property your children hope to buy as their first home, or the source of your income from bond investments, Cagamas has played a contributing role to each.

It has worn many hats in serving the rakyat for the past 30 years.

Cagamas started operations in 1987 as the Nation-al Mortgage Corporation to develop the secondary mortgage market. The company was established to promote homeownership and spur the development of the capital market at the same time. It started by helping to purchase mortgages on recourse basis from banks and providing a cheaper cost of fund-ing, which trickled down to the man in the street.

For every loan bought by Cagamas, an equal amount was raised in bonds or sukuk to fund the purchases. A fast turnaround time in providing liquidity to the banks, prudent risk management and the support of the central bank in its initial years of operation, are some of the factors that have contributed to its success, says Cagamas CEO Datuk Chung Chee Leong.

Providing homeownership and financial stability to the nationThe 1980s saw a deep global recession, high debt levels, inflation and structural adjustments in both developed and developing countries. Malaysia was not spared.

“In the course of these economic setbacks, the government was prompted to restructure the economy by promoting rapid industriali-sation and to make way for the private sector to serve as the engine of growth, supported by institutional reforms,” says Chung.

As liquidity began to tighten in the early 1980s, one of the institutional reforms was to rebuild the balance sheets of banking institu-tions by addressing the maturity mismatch in their assets and liabilities profiles. Weakening property prices and slower economic growth, combined with lower liquidity levels, prompt-ed banks to scale back their mortgage loan growth. This resulted in fewer loan approvals and prevented potential house buyers from owning a home.

Cagamas stepped in to purchase mortgages, providing the much-needed liquidity for financial institutions and bridging the maturity mismatch on their balance sheets. At the same time, the issuance of Cagamas bonds and sukuk became one of the catalysts of growth in the Malaysian fixed income market.

“Essentially, by doing so, the secondary mort-gage market enabled financial institutions to sell their housing loans to obtain liquidity to generate more housing loans,” says Chung. Cag-amas’ role in improving banks’ mortgage loan capacity helped revive the mortgage market and, indirectly, the property sector.

Cagamas has come a long wayToday, Cagamas has evolved into a fully-fledged mortgage corporation. It provides competitive funding to financial institutions to grow their housing loan portfolios and hedge interest rate risk exposure for their housing loans. It also provides financial institutions with solutions to manage their balance sheets and capital through housing loan securitisation as well as promoting homeownership to first-time buyers through the provision of guarantees.

In fact, Cagamas is now the second largest issuer of bonds and sukuk after the government and the largest corporate bond and sukuk issuer in the country. Cagamas’ bonds and sukuk con-tinue to be assigned a strong, Malaysia sover-eign equivalent credit rating of A3 by Moody’s Investors Service and AAA by both RAM Rating Services Bhd and Malaysian Rating Corp Bhd,

signifying its strong position in the market do-mestically and internationally.

It has also fulfi lled its additional role of spur-ring the development of the corporate bond and the sukuk markets in Malaysia through regular and large issuances of bonds and sukuk with multiple tenures, ranging from three months to 20 years, to form a benchmark yield curve, says Chung.

“Cagamas’ debt instruments account for 7% of total outstanding bonds and sukuk, and 20% of all outstanding AAA bonds and sukuk in the country (as at Aug 31, 2017),” he says.

Being the largest non-government issuer of debt in Malaysia, Cagamas has also pioneered the cap-ital market funding for Islamic fi nancing, which serves as a role model for other Islamic countries.

A strong role in assisting homebuyers then, now and in the futureAccording to Chung, the country’s mortgage mar-ket has grown exponentially from RM20 billion in 1987 to over RM500 billion as at end-July 2017.

He estimates that Cagamas has cumulatively refi nanced housing loans in the secondary market equivalent to RM134 billion or about 1.9 million houses (from inception till July this year).

Cagamas also participates in the goverment’s My First Home (Skim Rumah Pertamaku or SRP) and Youth Housing Scheme (Skim Perumahan Belia or SPB), which were introduced in 2011 and 2015 respectively.

Both schemes allow young individuals or married couples to obtain 100% financing from participating banks to purchase their first home.

The accessibility to 100% fi nancing is bolstered by the provision of mortgage guarantees through Cagamas SRP Bhd, which provides a guarantee to the bank for fi nancing above 90% of the cost of the house. This enables eligible applicants to buy houses costing RM100,000 to RM500,000 without having to pay the 10% down payment.

Cagamas SRP Bhd has provided guarantee on RM1.6 billion housing loans and fi nancing, ena-bling 7,413 individuals or households to own their fi rst house (as at July this year). In the years to come, more Malaysians will be able to own homes because of Cagamas’ eff orts to lower the cost of fi nancing and ease the barriers to owning a house.

Recognised internationallyOver the years, Cagamas has developed various bond structures (conventional and Islamic) to meet the demands of a broad spectrum of investors.

Particularly in the recent years, spearheaded by Chung, Cagamas has established a US$5 billion conventional and sukuk multi-currency Euro Me-dium Term Note (EMTN) Programme to tap the international markets by off ering multi-currency issuances over a range of tenures.

“These are eff orts to diversify our geographic and institutional pool of investors. We hope to en-hance and strengthen our ability to raise funding from a broad group of fi xed-income investors while reducing dependence on the domestic market. It has steadily increased our visibility and strength-ened our position as a global Malaysian corporate issuer,” Chung says.

Since the establishment of the EMTN Pro-grammes, Cagamas has successfully concluded 17 foreign currency issuances in off shore renminbi (CNH), Hong Kong dollars, US dollars and Singa-pore dollars, including its inaugural CNH1.5 billion issuance and benchmark US$500 million issuance in 2014 as well as the inaugural Singapore dollar sukuk in 2015.

Moving forward, Chung believes Cagamas is in a strong position to continue to transform itself to meet the challenges ahead. As the market and investors evolve to demand a higher level of sophistication in products, Cagamas continues to proactively identi-fy opportunities, provide innovative solutions and develop more diverse fi nancial products.

“We hope to be an active partner with fi nancial in-stitutions to build breadth and depth to the fi nancial market and system in Malaysia. We have identifi ed key success factors, such as engagement of technol-ogy to drive effi ciency in operations supported by strong talent, prudent risk management and good corporate governance that will ensure the sustained growth and the success of Cagamas,” he says.

Cagamas the unsung hero: 30 years of service to the nation

e hope to We hhope tbe an activebpartner with fi nancialinstitutions to build breadthand depth tothe fi nancialmarket and system in Malaysia” — DatukChung Chee Leong

www.cagamas.com.my


Plato Capital, Oxley to also partner AirAsia in China venture

BY S U L H I A Z M A N

BY N E I LY S YA F I Q A H E U S O F F

KUALA LUMPUR: Malaysia's non-fi nancial government-linked companies (GLCs) recorded the sharpest deterioration in credit trend among Asean peers since 2011, according to S&P Global Ratings.

Th eir median debt-to-Ebitda (earnings before interest, taxes, depreciation and amortisation) ratio increased by fourfold in the fi rst quarter of this year as com-pared to the 2011 level, it said.

“Operating profits and cash fl ow stagnated or declined over the period for most of these companies, while their capital expenditures and acquisitions stayed elevated,” S&P Global Rat-ings analysts Xavier Jean and Ber-trand Jabouley wrote in a note yesterday.

The note was issued follow-ing the release of S&P’s report ti-tled “Spending Splurge Will Test Th e Strength Of Asean’s Govern-ment-Linked Companies”, which contained the fi ndings of its study on 52 selected non-fi nancial GLCs in Malaysia, Singapore, Th ailand and Indonesia.

Of the 52, six of the GLCs it studied are Malaysian fi rms: Tena-ga Nasional Bhd, Petroliam Na-sional Bhd, Malaysian Airports Holdings Bhd, UMW Holdings

Sharpest drop in credit trend for local non-fi nancial GLCsTh is is in comparison to their Asean peers since 2011 — study

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% of companies in the selected sample of government-linked companies falling into the different leverage buckets. Debt is adjusted for off balance sheet leases, pensions, powerpurchase agreements when applicable and netted of surplush cash. Ebitda is adjusted foroff balance sheet leases, pensions, power purchase agreements and dividends fromunconsolidated subsidiaries when applicable.

Sources: S&P Global Ratings’ estimates from company fillings, S&P Capital IQ.

Leverage has increased most at Indonesia, Malaysia and Singapore GLCs Debt-to-Ebitda ratio band

<1.0x >5.0x1.0x - 2.0x 2.0x - 3.0x 3.0x - 4.0x 4.0x - 5.0x

20162011

Bhd, Sime Darby Bhd, Felda Glob-al Ventures Holdings Bhd, Telekom Malaysia Bhd and Boustead Hold-ings Bhd.

Th ey also noted that among Ase-an countries, the median leverage of Indonesian and Malaysian GLCs the rating fi rm reviewed was “roughly twice that of their non-GLC domes-tic counterparts in the fi rst quarter of 2017”.

On the debt of the non-fi nancial GLCs it studied, S&P Global Ratings said it is “not yet rising to the point

where we believe it could pose a threat to sovereign ratings”.

In Malaysia, it estimated that “the total guarantee exposure of the gov-ernment is close to 15% of the gross domestic product”.

“Th e largest guarantees are gen-erally to utilities, and infrastructure and transport fi rms. A signifi cant proportion of these guarantees are captured under our assessment of Malaysia’s banking sector contin-gent liabilities as limited,” the rating fi rm added.

In the report, the analysts also noted that non-fi nancial GLCs seem to have had no trouble so far in funding their growing cash fl ow defi cit, because debt markets remain wide open for them.

“However, amid subdued profi t growth and steady dividends, ag-gregate debt has nearly doubled over the past fi ve years for the 52 large GLCs that S&P Global Rat-ings reviewed, and their balance sheets have weakened across the board,” it added.

Going forward, S&P Global Ratings said aggregate leverage of Asean GLCs is “likely to creep up and their balance sheets would further weaken through 2018”.

“We estimate that the median leverage of the GLCs we reviewed could marginally exceed three times by the end of 2017, assuming similar cash fl ows, spending, and dividend levels as in 2016,” it said.

“As investments are often long-dated and do not generate immediate cash fl ows, we believe GLC balance sheets, which have weakened since 2011, will dete-riorate further over the next three years at least,” it added.

Th e rating fi rm also believes government support “may be test-ed”, as growing debt undermines stand-alone credit profi les and could even question the viability of some GLCs.

KUALA LUMPUR: Malaysian gov-ernment-linked companies (GLCs) could do with more transparency, in accordance with one of the key guidelines of the Organisation for Economic Co-operation and Devel-opment (OECD) on the governance of state-owned enterprises (SOEs).

“In many countries, the expec-tation is that a SOE should be, at least, as transparent as the listed companies. Th e question is, why can’t all this information be made public?” said Lars Erik Fredriksson, chairman of OECD’s working party on state ownership and privatisa-tion practices.

For example, the OECD recom-mends that SOEs follow interna-tional accounting standards, have an external audit, and produce an-nual as well as quarterly reports, he said in an interview with Th e Edge Financial Daily following a closed door meeting between the OECD and representatives from 13 Asian countries here recently.

According to a 2010 policy brief

Malaysian GLCs should be more transparent, say OECD, IdeasBY S A M A N T H A H O on SOE governance by the OECD,

Malaysian SOEs, known as GLCs, contributed close to 15% of gross domestic product and 5% of national employment.

Wan Saiful Wan Jan, chief ex-ecutive offi cer of the Institute for Democracy and Economic Aff airs (Ideas), who was also present at the interview, noted that while previ-ous eff orts to transform GLCs have shown positive results, more needs to be done. “Th e rules at our stock exchange are actually quite robust, which means we don’t have to worry about listed GLCs. It’s the unlisted ones that we know nothing about.”

He added that things got even murkier at the subnational or indi-vidual state level, where there was little disclosure and accountability from state development councils.

“Th ere have been reforms in Ma-laysia, such as the Putrajaya GLC High Performance Committee that made real change in the profi tability of 20 GLCs. But that’s 20 out of the unknown number of GLCs we have in this country,” Wan Saiful said.

He added that the challenge lay

KUALA LUMPUR: Two other parties — Singapore-listed Pla-to Capital Ltd and private equity fi rm Oxley Capital Ltd — have expressed interest in partnering AirAsia Bhd to set up a low-cost airline in China.

On May 15, AirAsia signed a memorandum of understanding with China Everbright Group, along with the Henan provincial government, to jointly explore the planned establishment of the budget airline which will be known as AirAsia (China).

Yesterday, AirAsia signed a non-binding term sheet with China Everbright, Plato and Ox-ley. “Th e term sheet is valid for a period of no longer than 12 months from today for the parties to discuss and negotiate defi ni-tive agreements for the proposed joint venture,” the Malaysian car-rier said in a fi ling with Bursa Malaysia.

Plato is an investment-hold-ing company principally in-volved in the hospitality, edu-cation and precision engineering sectors. Its directors are Lim Kian Onn, Michael Kan Yuet Yun, Chong Huai Seng and Oh Teik Khim.

Private equity fi rm Oxley is headquartered in Singapore and specialises in real estate, agricul-ture or alternative energy, natu-ral resources and investments across the Asia-Pacifi c region.

AirAsia’s share price rose 12 sen or 3.52% to RM3.53 yester-day, giving a market capitali-sation of RM11.8 billion. Year to date, the stock has gained about 54%.

in implementing plans to separate political and commercial interests in GLCs.

“There is an explicit [OECD] guideline stating that you should not have active politicians acting on the board of directors for GLCs.

“Lucky for us, the government has acted on it [by removing] Fel-da Global Ventures Holdings Bhd’s chairman, Tan Sri Isa Samad … but we saw how that can get problem-atic,” he said.

Fredriksson said one quick and aff ordable action plan to make GLCs more transparent involves identify-ing all GLCs publicly, perhaps, via a website.

Apart from leading to other forms of mismanagement, political infl u-ence could be a problem if demands are placed on GLCs that do not re-fl ect the company’s core business objectives, he said.

“Th e board of directors should have the competence to set the com-pany’s strategy as well as to make independent decisions. If you inter-mingle the role of political powers and business powers, decision-mak-ing often does not function very well,” he added.

Other recommendations from the OECD included having an ex-planation or rationalisation of why

the government was holding these companies, as well as

putting in place a central-ised monitoring system of the performance of SOEs.

“You might also want to look into how much assets are allo-

cated to these SOEs — are they over-capitalised or undercapital-

ised?” Frederiksson said.Although privatisation was a rec-

ommended process, he noted that the OECD would not be in favour of privatising a monopoly as consumers would be on the losing end due to high prices that can still be charged. “You might want to fi rst open up the market for competition and ensure there is a level playing fi eld,” he said.

As for the 10-year GLC transfor-mation programme launched by Khazanah Nasional in 2004 for 20 selected GLCs, the OECD said in its report that though the selected com-panies recorded signifi cant fi nancial and operational improvements, other GLCs still underperformed relative to top regional sector peers.

For such cases, Fredriksson rec-ommended that dialogue be entered into with the board in order to look into and manage such situations.

However, Wan Saiful noted that Malaysia’s problem was much more fundamental and tied it back to lack of transparency, which prevents the public from knowing about the fi nancial performance of these companies.

Wan Saiful said the challenge lay in implementing plans to separate political and commercial interests in GLCs. Photo by Sam Fong

H O M E B U S I N E S S 7TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

Hai-O expects 1Q’s growth momentum to continueIt plans to roll out new collections of shoes, bags, leatherwear

KUALA LUMPUR: See Ah Sing, group managing director (MD) of Avillion Bhd, formerly known as Reliance Pacifi c Bhd, has stepped down from his post, citing retirement.

According to Avillion’s Annual Report 2017, See, 58, was appointed to the board of directors on Nov 28, 2014 as an independent non-exec-utive director (ED). He was subse-quently appointed as an ED on April 22, 2015 and redesignated as group MD on Oct 10 last year.

See joined the Malaysian civil ser-vice in 1984, serving in various min-istries including housing and fi nance and the economic planning unit. He was the chief executive offi cer of Pantai Fomema for three years. He was also the ED of Protasco Bhd.

KUALA LUMPUR: HLT Global Bhd is planning a bonus issuance of up to 132.96 million new shares in the company, on the basis of one bo-nus share for every two HLT Global shares held on an entitlement date to be determined later.

Th e rubber glove dipping line service provider also proposed to issue up to 199.44 million free war-rants, on the basis of three warrants for every four HLT Global shares (three-for-four) held on the same entitlement date.

This means the bonus shares will not be entitled to the bonus warrants.

In a fi ling yesterday, HLT Global said the fi ve-year warrants will have an exercise price of 20 sen apiece.

The price, said HLT Global, was fi xed after having considered, among others, the theoretical ex-price of 26 sen per HLT Global share after the proposals based on the fi ve-day volume weighted average market price of HTL Global shares of 44 sen as at Sept 15.

HLT Global said the proposals are aimed to reward its sharehold-ers, while expanding the counter’s trading liquidity by way of larger capital base.

Th e warrants will also allow the company to raise proceeds of up to RM39.89 million as and when the warrants are exercised, which will be used for the group’s working capital, it added.

Th e stock is now near 16% above its initial public off ering price of 45 sen a share.

Avillion MD See steps down

HLT Global plans one-for-two bonus shares, free warrantsBY A D A M A Z I ZBY S YA H I R A H S Y E D J A A FA R

BY S A M A N T H A H O & E M I R Z A I N U L

BY TA N X U E Y I N G

KUALA LUMPUR: Hai-O Enterprise Bhd, which recorded an 83% year-on-year net profi t jump in its fi rst quar-ter ended July 31, 2017 (1QFY18), expects the strong earnings growth momentum to continue for the rest of the year, based on the launch of its new lifestyle and fashion products, and the support it has garnered from the local bumiputera market.

Citing the successful launch of the group’s hijab fashion series, Hai-O group managing director Tan Keng Kang (pic) said the local bumiputera market is big, with vast potential for growth.

“Th e fashion and lifestyle busi-ness is totally new to Hai-O,” said Tan, adding that he was positive it would be a main contributor to the group going forward.

Th e group, he said, plans to roll out new collections of shoes, bags, leatherwear, women’s accessories and eyewear under the “Infi nence” brand name this year.

Tan was speaking to reporters after the group’s annual general meeting yesterday, alongside Hai-O’s group chief fi nancial offi cer Hew Von Kin.

The group’s net profit grew to RM17.87 million in 1QFY18 from RM9.74 million a year ago, while rev-enue jumped 58% to RM124.54 mil-lion from RM78.66 million, thanks to higher sales, especially from its multilevel marketing (MLM) seg-

ment, and contribution from newly recruited members.

Tan is positive that the group’s new lifestyle and fashion products will be able to attract new members under its MLM segment to support a targeted double-digit growth in both the group’s top and bottom lines by end-FY18.

The group has also allocated RM10 million for capital spending and has identifi ed suitable shoplots and warehouses for further expan-sion in its East Malaysian distribu-tion channels, said Hew.

On overseas expansion, Hew said the group is exploring the Vietnam-ese market due to the large popula-tion there, though the decision to go in or not largely rests on whether the Vietnamese government approves direct-selling licence applications

from foreign companies.In the mean time, Tan said the

group wishes to enhance its current businesses in Indonesia, Singapore and Brunei that are still not perform-ing up to expectations.

Over at the group’s wholesale and retail divisions, Hew said the declining revenue seen in the last two fi nancial years has “bottomed out”, though he said the numbers may still be “weak and fragile”.

“We are trying to cut down on costs and to launch more house brand products with higher margins,” Hew said, adding that Hai-O will con-tinue to make progressive marketing eff orts for the said divisions.

Hai-O’s gross margin fell from 39.1% in 2013 to 32.8% in 2017. Hew said the weaker margin in FY17 was due to the impact of the weaker ringgit, more cautious consumer sentiments, and new launches of fast-moving consumer products.

“We are discussing with our prin-cipal suppliers from China to work out trade settlements using alterna-tive currencies such as renminbi,” he said, as some 40% of the group’s purchases are imports denominated in US dollar.

For FY18, Hew said the group is expecting gross margin to hover around 31% to 32%.

Hai-O shares closed four sen higher at RM4.95 yesterday, with a market capitalisation of RM1.43 billion. Year to date, the stock has climbed 87%.

‘Hidden taxes, forex rules deter German business from Malaysia’

KUALA LUMPUR: Although Ger-man companies still favour Ma-laysia as a business destination, hidden taxes and foreign exchange (forex) requirements continue to add to costs, the Malaysian-Ger-man Chamber of Commerce and Industry (MGCC) said yesterday.

Hidden taxes, which include non-deductible taxes on refurbish-ment, maintenance, legal servic-es, and company vehicles, add to the overall corporate tax rate, said MGCC president Peter Lenhardt.

“If you look at the cost of refur-bishment, there is a tremendous impact on the bottom line of any business, so a lot of them don’t see any reason to spend on main-tenance,” he told reporters at the launch of the AHK World Business Outlook 2017.

Lenhardt, who is the managing director of A & H Meyer Sdn Bhd, also pointed out that the require-ment for exporting companies to convert 75% of their export pro-ceeds into ringgit can be a huge deterrent to German companies, which typically export their prod-ucts and keep proceeds in foreign currencies for hedging purposes.

Taxes on services that are ren-dered abroad and soft trade obsta-cles among Asean nations, such as non-tariff barriers, also deter com-panies from choosing Malaysia as their regional hub, he added.

On the whole, however, German companies are still very positive about doing business in Malaysia as they perceive better economic conditions in the next 12 months. MGCC’s outlook report, which sur-veyed some 4,000 German compa-nies worldwide of which 500 to 600 are in Malaysia, indicated that expec-tations are signifi cantly better than the status quo, although less than 30% expect economic development to be better this year (see chart).

“There is growing demand in the region and markets are mov-ing, despite protectionist talk [from US president Donald Trump and Brexit happening],” Lenhardt said. Th e survey indicated 72% of Ger-man companies here are greatly infl uenced by domestic demand.

Globally, the survey saw the highest percentage at 34% of re-spondents opining that prospects were “better” in the coming year, especially for North America, the

eurozone, and Asian countries in-cluding China.

Excluding China, 35% of re-spondents are positive about eco-nomic conditions in Asia and the Pacific, the highest percentage across the world.

The survey, which saw some 41% of respondents coming from the trading sector, 39% from man-ufacturing, and 20% from services, was refl ective of the German econ-omy, said MGCC executive director Daniel Bernbeck.

About 41% of the respondents were made up of small and medi-um enterprises.

“It’s these smaller companies that are really aware of what’s hap-pening on the ground and making changes to respond to that, so we need to listen to them,” Bernbeck said.

Lenhardt added that another economic risk which is not unique to Malaysia is the lack of qualifi ed labour. He noted that there is a lack of industrial involvement in vocational training which creates a gap where the workforce is not fully trained to operate in high tech facilities.

“MGCC has invested and pro-moted vocational training pro-grammes for workers who are not going for academic qualifi cations, which would also help improve local industries,” he said with ref-erence to Germany’s industry-fo-cused education model.

Commenting on the upcoming Budget 2018, Bernbeck said he hopes that money will be allocat-ed to the increasing demand for better education, effi cient tech-nology infrastructure and ena-bling innovation in high-tech in-dustries which he pointed out are important elements to prepare the country for the coming Industrial Revolution 4.0.

Bernbeck added that Malaysia has a relatively minimal political risk compared with other countries in the region and that regardless of who will be heading the country af-ter the upcoming general election, German companies are committed to further investing in Malaysia.

“Whoever will be running the show afterwards, we hope that sta-bility, accountability, and reliability of the economic framework and en-vironment will remain positive and attractive for our foreign investors coming into the market,” he said.

N E W S I N B R I E F

PHOTO BY SHAHRIN YAHYA

Source: Malaysian-German Chamber of Commerce and Industry

German companies’ 2017 outlook of Malaysia

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Foreign selling breaches RM400mIt is the largest withdrawal this year so far — MIDF Research

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

KUALA LUMPUR: Foreign investors offl oaded RM477.7 million net of Malaysian equity last week, wiping off last week’s infl ow of RM345.1 million net, according to MIDF Research.

“It was the first time foreign investors sold more than RM400 million for this year, making it the largest withdrawal so far. The last time foreign selling reached such levels was back in end-De-cember 2016,” the research firm said in its weekly fund flow report yesterday.

It added that after three con-secutive weeks of foreign infl ows, global investors took a breather

last week as they cleared positions ahead of the long weekend.

“Th e weekly outfl ow was in con-formity with those seen by South-east Asian peers, notably Th ailand and Indonesia.”

MIDF Research noted that inter-national investors were net sellers on three out of four trading days last week.

“[Last] Wednesday record-ed the highest outflow in a day since June 30, which amount-ed to RM221 million net. On the same day, the FBM KLCI slid 0.17% to close at 1,773 points, mainly dragged by CIMB Group Holdings Bhd which had its Jap-anese shareholder, Mitsubishi UFJ Financial Group, sold its en-

tire stake through an overnight block trade,” it said.

Due to last week’s massive out-fl ow, MIDF Research said the cu-

mulative net infl ow thus far this year into shares listed on Bursa Malaysia went below RM11 billion to RM10.6 billion. “Nonetheless, outfl ows have only been recorded in nine out of 38 weeks this year, which is a safe level,” it added.

Meanwhile, foreign participa-tion rate dipped last week amid the surge in outfl ows, said MIDF Research.

“Th e foreign average daily trade value (ADTV) declined by a stag-gering 24% to retreat below the RM1 billion mark to settle at RM861 million.

“In contrast, retail participation remained healthy for the week. Th e retail ADTV increased by 7% from RM940 million to breach the RM1

billion mark for the fi rst time in 17 weeks,” it added.

Globally, the research fi rm said equity markets worldwide were trading in a narrow range last week amid resurfaced tensions from the Korean Peninsula, which diverted investors’ attention from the raft of major monetary policy decisions.

“Foreign tide continued to leave Asia for the ninth consec-utive week. Based on provision-al aggregate data from the seven Asian exchanges that we track, investors classifi ed as foreign of-fl oaded US$1.3 billion (RM5.45 billion) net, more than triple the amount recorded in the week be-fore which was US$400.2 million net,” it noted.

(RM mil)

Weekly net flow of foreign funds intoMalaysian equities since January 2016

Source: Bursa Malaysia preliminary statistics

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KUALA LUMPUR: The sale of a 4.6% stake in CIMB Group Holdings Bhd, the country’s second-largest lender by assets, is credit positive for Mitsubishi UFJ Financial Group Inc (MUFG), Moody’s Investors Service said, as it frees up capital.

It is also in line with MUFG’s strategy to improve its capital ef-fi ciency, the international rating agency added.

Last Wednesday, MUFG an-nounced it had sold its entire stake i.e. 412 million shares in CIMB — held through Bank of Tokyo-Mit-subishi UFJ Ltd (BTMU) for about ¥68 billion (RM2.55 billion).

“Although MUFG’s ratio of tan-gible common equity (TCE) to risk-weighted assets (RWAs) was 9.69% on a Basel III transitional phase-in basis at March 31, 2017,

we expect the bank will raise this ratio to around 10%.

“We expect this transaction will allow MUFG to reduce its RWAs and increase its TCE, and forecast that MUFG’s TCE/RWA ratio will improve by one to seven basis points on a pro forma basis, depending on the invest-ment’s book value,” Moody’s said in a statement yesterday.

Before the sale, MUFG was CIMB’s fourth-largest shareholder.

“However, as a minority share-holder, BTMU was unable to ex-ercise infl uence on management decisions, which made its stake in CIMB a drag on MUFG’s capi-tal ratios without much benefi t,” said Moody’s.

Moody’s noted that MUFG has a stand-alone subsidiary in Malaysia that has generated solid returns for the group. Also, MUFG will main-tain its relationship with CIMB as an

alliance partner, positioning MUFG as the most prominent Japanese bank that can off er Islamic fi nance.

Moody’s is of the view that had Malaysia’s large banks consolidated as it expected, the stake in CIMB would have been a more worth-while investment.

Still, Moody’s expects MUFG to remain committed to expan-sion in Asean countries, pointing to Bank of Ayudhya in Th ailand as the group’s main vehicle for its re-gional expansion.

“With a stake of about 77%, MUFG can exert management control and signifi cant infl uence on Bank of Ayudhya.

“Also, MUFG can use the Bank of Ayudhya to expand into other Asean countries. Th e Philippines is another key market for MUFG, which has a 20% stake in Security Bank Corp,” said Moody’s.

SUBANG JAYA: Th e current amount of endowment funds to public uni-versities in Malaysia is far from enough to help sustain future op-erations, let alone encourage in-novation in academia, said former vice-chancellor of University of Malaya (UM) Professor Tan Sri Dr Ghauth Jasmon.

Out of the endowments to public universities in Malaysia, UM had the largest portion amounting to RM1.6 billion as at August 2017, followed by Universiti Kebangsaan Malaysia with RM71 million, ac-cording to the higher education ministry.

In the last parliament session in August, Higher Education Minister Datuk Seri Idris Jusoh said of the 20 public universities in the country, a total of RM1.85 billion in endow-ment had been collected so far.

“Th is is not enough, especially given government cuts to public university budget allocation. We need more endowment to help the university thrive in terms of research and innovation. How can we do that without enough funds?” Jasmon told a forum on “Malay-sian universities must change” at Sunway University here yesterday.

Th e government has cut the pub-lic university operating budget al-location by 20% this year, in line with its aim of reducing depend-ency of public institutions on the government.

Jasmon, who is a board member of Sunway University, also called for the need of better regulation on policies to encourage public universities to get involved in en-trepreneurship.

He explained private universi-ties, such as Multimedia University (MMU), have a regulated policy encouraging entrepreneurial busi-nesses among staff . About 5% of MMU staff have incorporated their own companies. Sunway University also has a small percentage, he said.

“If you want to create a universi-ty that will survive in 2050, you need a huge endowment. Take Stanford University for example. It has one of the largest endowments in the world of US$23 billion (RM96.37 billion). [Th us,] it is able to thrive innovatively, producing graduates that will then go out and contribute to the economy.

“Why? Because it has the money. We need this too,” he said, adding that local institutions should also focus on alternate types of invest-ments such as public equity to in-crease income.

“We need to give public universi-ties the freedom to make their own money; we need to keep encour-aging them openly. Th e problem is no one is talking about it; they just do it quietly. Everyone is scared be-cause they think it would distract the teaching. It won’t.

“We need to open up the uni-versities because we need more money; it’s as simple as that. Th ere is a lot of money out there that can easily be acquired; universities just need to have the entrepreneurial mindset to take advantage of it” said Jasmon.

KUALA LUMPUR: A consortium of Damansara Realty Bhd and Kum-pulan Perubatan (Johor) Sdn Bhd (KPJSB) has won a RM27.62 million contract to provide medical ser-vices for utilities, interconnecting and off site facilities for Petroliam Nasional Bhd’s refi nery and petro-chemical integrated development (Rapid) project in Pengerang, Johor.

In a fi ling with Bursa Malaysia yesterday, Damansara Realty said its 95.5%-owned subsidiary TMR Urusharta (M) Sdn Bhd and KPJSB have received a letter of award from PRPC Utilities and Facilities Sdn Bhd — a subsidiary of Petronas Re-fi nery and Petrochemical Corp Sdn Bhd — for the proposed project.

“Th e profi t distribution between the consortium parties shall be de-liberated further and will be updat-ed in due course,” it added.

Damansara Realty said the scope of works secured by TMR is to provide the management of medical services highlighted in the contract, inclusive of liaison, accounts and fi nance, monitoring and administrative services.

Th e RM27.62 million contract’s duration is for 39 months from Sept 25, with additional optional servic-es worth RM7.8 million.

“Th e optional services [if award-ed] will also be allocated between the consortium parties within the same contract period. Th is brings the potential total contract value to RM35.42 million,” it noted.

Damansara Realty said the con-tract is expected to contribute pos-itively to the group’s earnings and net assets for the financial year ending Dec 31, 2017.

In a separate statement, Daman-

sara Realty said the latest win will further boost its integrated facilities management (IFM) segment, add-ing to the contracts worth RM285 million already secured as of July this year.

“Our IFM division has been the engine in driving our return to prof-itability, contributing 46% of our total earnings before interest, tax-es, depreciation and amortisation in the fi rst half of 2017 alone,” said group chief executive offi cer Brian Iskandar Zulkarim.

“We implemented an aggressive strategic restructuring plan in late 2016, which has seen improved operational effi ciencies within the group. Barring any unforeseen cir-cumstances, we expect the group to show a full-year operating profi t for the fi rst time in four years,” he added.

‘Endowment funds collected bypublic universities not enough’BY S YA H I R A H S Y E D J A A FA R

BY N E I LY S YA F I Q A H E U S O F F

Jasmon: We need more endowment to help the university thrive in terms of research and innovation. How can we do that without enough funds? Photo by Patrick Goh

MUFG’s sale of CIMB stake frees up capital, says Moody’s

Damansara Realty consortium bags RM27.6m Rapid job

1 0 ST O C KS W I T H M O M E N T U M TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY


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

MUAR BAN LEE GROUP BHD (-ve)

MUAR BAN LEE GROUP 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

2.402.408.780.271.001.79

102.2291.270.44

0.98-1.16*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

SCOMI GROUP BHD (-ve)

SCOMI GROUP 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

0.900.15

--

0.69-

361.591,903.08

1.860.09-0.21

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

SHARES in Muar Ban Lee Group Bhd (fun-damental: 2.4/3, valuation: 2.4/3), which triggered our momentum algorithm yes-terday for the first time this year, closed up six sen or 5.36% at RM1.18.

The counter saw 1.89 million shares done, far above its 200-day average vol-ume of 193,599 shares.

Muar Ban Lee’s net profit for the second quarter ended June 30, 2017 slipped a marginal 0.28% to RM2.83 mil-lion from RM2.84 million a year ago, mainly on lower average selling price of crude palm kernel oil (CPKO) and higher operating costs at its oil milling division.

Quarterly revenue was down 7.42% at RM45.61 million from RM49.26 million a year ago, mainly dragged by lower con-tribution from its manufacturing seg-ment, which fell 25.2% to RM26.51 million

from RM35.44 million.In the first six months of financial year

2017, net profit fell 2.49% year-on-year to RM5.33 million from RM5.47 million, de-spite a 28.2% rise in revenue to RM93.49 million from RM72.92 million after a 93% jump in revenue at its oil milling division.

However, the division’s pre-tax profit retreated to RM1.44 million from RM1.96 million registered in prior year’s cor-responding period, due to higher sales volumes at lower average selling prices of CPKO coupled with higher operating costs for the period under review.

At the current share price, Muar Ban Lee, which has a market capitalisation of RM107.93 million, is trading at 1.06 times its book value.

Year to date, the stock has climbed near 17%, and is 12.23% higher than 12 months earlier.

SHARES in Scomi Group Bhd (fundamen-tal: 0.15/3, valuation: 0.9/3), which trig-gered our momentum algorithm yesterday for the fifth time this year, closed down 0.5 sen or 2.63% at 18.5 sen.

The counter saw 67.62 million shares done, exceeding its 200-day average vol-ume of 5.8 million shares.

Scomi on Sept 15 received approval from Bursa Malaysia Securities Bhd to issue new shares to its directors, major shareholders or related parties without having to obtain approval from shareholders.

The approval was related to its proposal to consolidate its business via a three-way merger with its two subsidiaries, Scomi Engineering Bhd and Scomi Energy Ser-vices Bhd.

The company expects the proposal, announced on Aug 20, to strengthen the group’s balance sheet in the face of a chal-

lenging business environment and to fa-cilitate its business expansion.

“It will also result in a reduction in ad-ministrative and operational expenses and dispense with the duplication that exists with three listed entities as all businesses will be housed under one listed company,” Scomi added, noting that the consolida-tion “should improve efficiency across its businesses”.

Scomi said it is optimistic that the con-solidation exercise will provide it with a stronger financial base, which will also accord it with a group-wide flexibility to allocate resources among its business segments.

At the current price, Scomi Group has a market capitalisation of RM352.07 mil-lion. Year to date, the stock has grown some 54.17%, and is 42.31% higher from 12 months earlier.

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P R O P E RT Y 1 1TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

Life support for China’s overseas dealsTh e country’s serial acquirers are not dead, they are just adapting their focus to Beijing’s desires

BY N I S H A G O PA L A N

HONG KONG: As a Chinese com-pany advances abroad, another retreats — or at least halts.

Shandong Weigao Group Medical Polymer Co has agreed to acquire closely held Argon Medical Devices Inc, a US maker of biopsy forceps, for US$850 million (RM3.56 billion). At the same time, developer Country Garden Holdings Co has paused its international expansion in response to government restrictions.

Th e push-pull dynamic proves one point: Overseas acquisitions remain far from off -limits for Chi-nese companies, as long as they are in the areas that Beijing wants.

Country Garden’s plans to ex-pand in six Indian cities have been put on pause, chief strategy offi cer Jeff Lin told Bloomberg. Th e com-pany, based in the southern city of Foshan, had been forced to slow its international push as China’s capital controls hurt mainland de-mand for a US$100 billion city that the company is helping build on four artifi cial islands in southern Malaysia’s Johor Baru.

Real estate has been a target of China’s crackdown on “irrational” off shore investments, along with assets such as sports clubs and cinemas. Overseas direct property investments from the nation could drop 84% to US$1.7 billion this year, Morgan Stanley has predicted.

Th at’s not to say overseas real estate is completely out of bounds. Tie in a “One Belt, One Road” angle and a developer can probably fi nd ways of expanding into countries that China has identifi ed to help create its modern-day silk route, connecting central Asia, Europe and Africa. (India, having recent-ly ended a border spat with China and snubbed its neighbour’s inter-national trade initiative, may be an exception.)

However, buyers are likely to have a much easier time shopping for medical and technology invest-ments. Access to debt will present fewer obstacles, and failed deals need not slow momentum. Chi-na-backed private equity fi rm Can-yon Bridge Capital Partners, fresh from US President Donald Trump’s rejection of its takeover of Lattice

Semiconductor Corp, inked a deal last week for Imagination Technol-ogies Group plc, a British designer of graphics chips.

High valuations also mean such assets are easy to sell and may car-

ry more profi t potential. Fosun, for instance, has more than doubled its investment in Israeli medical devices maker Sisram Medical Ltd, which went public in Hong Kong last week.

Meanwhile, Argon is the latest

in a string of healthcare deals by mainland purchasers. Th e com-pany’s surgical devices are popular in the US, the world’s largest phar-maceuticals market — exactly the type of assets Beijing would like to see in Chinese hands. Shandong Weigao, in a tie-up with an uni-dentifi ed private equity fi rm, will fund almost half of the purchase — US$420 million — with debt.

Earlier this year, Aier Eye Hospi-tal Group Co agreed to buy Clinica Baviera SA, a Spanish eye-clinic operator. Shanghai-based Fosun International Ltd, meanwhile, is currently bidding for US specialty drugmaker Arbor Pharmaceuti-cals LLC — despite the conglom-erate having been singled out by the government for its debt-fuelled off shore takeover spree.

Fosun is also moving ahead with a slimmed-down bid for Indian drugmaker Gland Pharma Ltd, af-ter an earlier stake purchase was blocked by New Delhi.

China’s serial acquirers are not dead. Th ey are just adapting their focus to Beijing’s desires. — Bloomberg

Prospective buyers looking at a model of the development at the Country Gardens’ Forest City showroom in Johor Baru on Feb 21. China’s capital controls have hurt mainland demand for the Forest City development that Country Gardens is helping build on four artifi cial islands in Johor Baru. Photo by Reuters

Our challenge at InsiderAsia is to discover quality and undervalued stocks andseparate the wheat from the chaff.

Would you like to join us on the quest?

We are looking for bright young mindsto join our research team.Fresh graduates are most welcome to apply.

Looking for diamonds in the rough?

If you are interested, please send your rèsumè to:

The Manager, Human Resource DepartmentEmail: [email protected]. Fax: 603-7721 8008

Only shortlisted candidates will be notifi ed

1 2 B R O K E R S’ C A L L TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

UMW seen on track for earnings recovery

China market key growth driver for OldTownOldTown Bhd(Sept 25, RM2.65)Maintain buy with a target price (TP) of RM3.15: We maintain our positive stance on OldTown Bhd giv-en that we believe that the selldown last Th ursday due to a fi re incident was unwarranted, and its current price weakness off ers a buying op-portunity, and we maintain our in-vestment thesis that its expansion to regional markets, particularly China, off ers multi-year growth potential.

Stronger-than-expected contri-butions from its regional fast-mov-ing consumer goods (FMCG) sales should provide further upside sur-prises. On the other hand, manage-ment is actively pursuing mergers and acquisitions opportunities to enhance its growth prospects.

We maintain our “buy” rec-ommendation with a RM3.15 TP, pegged to a 12-month forward price-earnings ratio of 19 times. Th e stock remains our top pick in the consumer sector. The recent share price weakness off ers buying opportunities.

A key risk to our view is that rising raw material costs could erode its profi t margins, and cloud its growth prospects.

Last Th ursday, the stock endured a high-volume selling pressure after news broke out that a fi re incident occurred at its central food process-ing centre in Subang Jaya, Selangor. Th e stock dropped by 6% to a low of RM2.54 before recovering to close at RM2.60 (down 3.4% compared with the trading day before).

We believe that the selldown was

UMW Holdings Bhd(Sept 25, RM5.48)Maintain hold with an unchanged target price of RM5.20: We attended UMW Holdings Bhd’s second quar-ter fi nancial year 2017 (2QFY17) re-sults briefi ng and came back feeling reassured about the group’s rational-isation plans and believe the group is on track for earnings recovery.

UMW also shed some light on its future business plans. To recap, the group’s fi rst half of FY17 (1HFY17) results were dragged down by oper-ating losses in the oil and gas (O&G) segment as well as aerospace busi-ness. The group expects gradual earnings recovery for the businesses as the operating losses are expected to be minimised in the near future.

According to UMW, the most awaited new model, Toyota CH-R, will be officially launched in 1HFY18. Toyota CH-R is a com-pletely built up (CBU) unit from Japan and is expected to open for order from next month onwards. However, the selling price is still yet to be determined. Th is compact SUV model is compatible with its peers’

Affi n Holdings Bhd(Sept 25, RM2.56)Maintain buy with an unchanged target price of RM3.70: Affi n Hold-ings Bhd has announced details of its proposed reorganisation exer-cise, which would ultimately end with Affin’s listing status on the Main Market of Bursa Securities to be transferred to Affi n Bank Bhd.

In more details, the proposed reorganisation will involve the transfer of the investment bank-ing business, money brokerage, life and general insurance business to Affi n Bank. New Affi n Bank shares amounting to 254.2 million will be issued for Affi n Hwang Invest-ment Bank Bhd, Affi n Moneybro-kers Sdn Bhd and AXA Affi n Life Insurance Bhd.

Th is would result in both Affi n and Affi n Bank having the same re-sultant number in shares in issue, that is 1.94 billion. With the equal amount of shares, Affi n will be able to undertake a distribution-in-spe-cie of one Affi n Bank share for each existing Affi n share.

As such, the proposed reorgani-sation will not have any eff ect on the substantial shareholding of Affi n.

We remain positive about Af-fi n’s proposed reorganisation plan, as the new corporate structure is expected to enhance the bank’s capital adequacy ratios.

Coined the “Affi nity Programme”, the bank has embarked on a com-prehensive transformation plan to address the challenges and oppor-tunities it currently faces. However, competition will continue to pose a challenge to the group’s eff orts as loan growth remains modest and margins compress as demand for deposit gathers pace. — TA Secu-rities, Sept 25

OldTown Bhd

FYE MARCH (RM MIL) 2016A 2017A 2018F 2019F

Revenue 393 425 463 482Ebitda 87.3 97.0 109 116Pre-tax profit 67.9 80.2 94.2 102Net profit 52.0 60.8 71.6 77.3Net profit (pre ex) 55.0 60.8 71.6 77.3Net profit growth (pre ex) (%) 13.1 10.6 17.7 8.0EPS (sen) 11.5 13.1 15.5 16.7EPS pre ex (sen) 12.2 13.1 15.5 16.7EPS growth pre ex (%) 12 8 18 8Diluted EPS (sen) 12.2 13.1 15.5 16.7Net DPS (sen) 9.00 10.0 7.00 7.00BVPS (sen) 80.2 86.5 95.0 105PER (x) 22.6 19.8 16.8 15.6PER pre ex (x) 21.3 19.8 16.8 15.6P/CF (x) 19.0 15.4 14.5 13.5EV/Ebitda (x) 11.6 10.4 8.8 7.9Net dividend yield (%) 3.5 3.8 2.7 2.7P/BV (x) 3.2 3.0 2.7 2.5Net debt/equity (x) Cash Cash Cash CashROAE (%) 15.0 15.9 17.0 16.7Sources: Company, AllianceDBS, Bloomberg Finance LP

UMW Holdings Bhd

FYE DEC (RM MIL) 2013 2014 2015 2016 2017F 2018F

Revenue 13,951.46 14,958.91 14,419.75 10,965.07 9,109.47 9257.41Operating profit 1,296.46 1,426.78 166.64 -2,202.81 307.90 383.26PBT 1,435.67 1,620.83 265.36 -2,153.78 506.95 689.35Net profit 679.61 650.70 -38.93 -1,690.58 212.92 299.87Core net profit 960.40 836.80 338.00 -401.80 212.92 299.87EPS (sen) 0.58 0.56 -0.03 -1.45 0.18 0.26P/BV (x) 0.75 0.71 0.73 0.97 0.88 0.79DPS (sen) 0.44 0.41 0.20 0.00 0.10 0.10Dividend yield (%) 7.65 7.13 3.48 0.00 1.74 1.74Operating margin (%) 9.29 9.54 1.16 -20.09 3.38 4.14PBT margin (%) 10.29 10.84 1.84 -19.64 5.57 7.45Net profit margin (%) 4.87 4.35 -0.27 -15.42 2.34 3.24Net gearing ratio (x) 0.37 0.38 0.66 1.03 1.04 1.10ROE (%) 7.57 6.89 -0.42 -24.47 2.78 3.55ROA (%) 4.59 3.96 -0.22 -10.43 1.25 1.65Sources: Company, JF Apex Research

Positive outlook for Affi n’s new transformation programme

mainly due to concerns with regard to a potential temporary shutdown of its FMCG and food and beverage (F&B) operations, and a large fi nan-cial damage incurred as a result of the fi re incident.

We believe that the fears are largely unfounded.

Th e group’s manufacturing plant for instant coff ee powder is located in Ipoh. As such, the fi re incident has no impact on its FMCG operations, which we estimate contribute about 80% to group pre-tax profi t in the

fi nancial year 2018 (FY18).We understand that the food pro-

cessing operations in Subang Jaya have ceased temporarily to facilitate the fi re and police departments as well as OldTown’s management to investigate and ascertain the cause of the fi re incident.

Nonetheless, we understand that most of its café outlets have on average about two weeks of food inventory. As such, its F&B busi-ness should not be disrupted by the temporary closure of its food

processing operations.Besides that, we understand that

the group has contingency plans in place where it will outsource the food processing function to a des-ignated third party if the plant is closed for longer than expected.

We gather that the fi re incident only aff ected its production fl oor, while its operating units and ad-ministration offi ce were not aff ect-ed. Management believes that the damages are adequately insured pending the insurance company’s assessment.

Based on the available informa-tion, we believe that the fi re incident will not have a signifi cant impact on the group’s operations; neither will it materially aff ect the group’s near-term earnings prospects. As such, we are keeping our earnings forecasts for OldTown.

FMCG revenue grew by 17% year-on-year in FY17. Management is tar-geting double-digit growth in FY18 while we assume FMCG sales volume to grow by 15% in FY18 with the China market being the key growth driver.

We estimate that sales to China only represented less than 20% of its FMCG sales in FY17. As such, we are positive that there is plenty of room for the group to boost export sales with the completion of the restruc-turing of its China distributorship in late 2015.

We also believe that the growth prospects of its F&B business remain challenging. Th e group was operat-ing 231 café outlets as at March this year, with 191 (83%) based in Malay-sia. — AllianceDBS Research, Sept 25

Honda HR-V and Mazda CX-5.As a plan to capture a bigger

market share, the group aims to introduce more numbers of various completely knocked down (CKD) models. Currently, the group has six CKD models and six CBU models.

However, the introduction of more new passenger car models will only take place when its new manufacturing plant in Bukit Raja, Shah Alam is completed in 2019.

UMW has recently partnered with Komatsu Ltd (Japan) to expand

its heavy equipment segment by selling renowned Komatsu prod-ucts in Malaysia, Singapore, My-anmar and Papua New Guinea. We view this joint venture as a positive catalyst for the division to further drive its earnings.

UMW has ceased its operations in Oman since April, and is in the midst of negotiations to sell other business units. Th e group has been burdened by retrenchment costs as well as inventory losses amounting to RM55 million during 1HFY17 in relation to ceasing operations in Oman. Overall, the group envisag-es disposing of all of its non-listed O&G assets by 2018.

Th e aerospace business incurred losses of RM25 million in 1HFY17 due to operating losses of the new fan case plant in Serendah. The group expects to minimise its loss-es in 2HFY17 as a single-digit unit fi rst fan case will be delivered to Rolls-Royce Ltd next month. How-ever, any substantial contribution is only realised upon reaching its full operation capacity (maximum capacity: 250 units per annum), ex-pected from 2019 onwards.

We revise upward our earnings forecasts for FY18 and FY19 by 8.5% and 4.8% respectively as we believe its business will be more stable after the disposal of its O&G segment. — JF Apex Research, Sept 25

B R O K E R S’ C A L L 1 3TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

AirAsia strategya brilliant moveAirAsia Bhd(Sept 25, RM3.53)Maintain add with a target price of RM3.51: Malaysia Airports’ passen-ger traffi c numbers have resumed growth since mid-2016, after two consecutive years of low single-digit growth. So far in 2017, the growth has been driven primarily by inter-national passenger traffi c growth (up 14.5% year-on-year [y-o-y] for the fi rst eight months of 2017 [8M17]), against slower growth for domestic passengers (up 6% y-o-y for 8M17). Th is is explained by the weak ringgit encouraging inbound tourists into Malaysia, as well the mature state of the domestic trav-el market.

In addition, we have made a cou-ple of observations which would be of interest to AirAsia Bhd investors. Passenger traffi c at Kuala Lumpur International Airport’s (KLIA) Main Terminal Building (MTB), where full-service carriers like Malaysia Airlines Bhd and Malindo Airways Sdn Bhd are based at, has seen a dramatic decline in passenger traf-fi c growth from May 2017 onwards, slowing down to 12% to 13% y-o-y, from more than 20% y-o-y growth in the preceding months, while in July and August 2017, MTB pas-senger traffi c growth slowed down to low single-digit. Th ere are two reasons for this: Firstly, Malindo rebranded itself as a full-service airline and moved to KLIA MTB on March 15, 2016, so the y-o-y slow-down in passenger traffi c growth at MTB was due partly to the high base effect. Secondly, Malaysia Airlines and Malindo have both cut domestic capacity from KLIA. Malindo deployed around 25,000 one-way domestic seats per week

from KLIA at the start of 2017, but this declined to about 15,000 seats in early-April, and is expected to remain at this level for the rest of the year.

Meanwhile, Malaysia Airlines started 2017 with about 75,000 do-mestic seats per week from KLIA but with its capacity cuts in July to September, the airline is expected to end the year with 62,000 seats. The cuts may be related to Ma-laysia Airlines’ plans to return six B737-800s to lessors by the fourth quarter of 2017. As a result, KLIA MTB’s domestic passenger traffi c saw a massive 20% y-o-y contrac-tion for two consecutive months in July and August.

Altogether, Malaysia Airlines and Malindo are expected to re-duce their domestic capacities from KLIA by 23,000 seats per week by end-2017, or a substantial drop of 23% measured from the start of the

year. Conversely, AirAsia started this year with 102,000 domestic weekly seats, but is expected to end 2017 with around 114,000 seats per week from KLIA, an increase of 12,000 seats per week. As a result, AirAsia’s market share of domestic seats from KLIA may rise from 51% to 60% by end-2017.

With an absolute decline in total domestic capacity from KLIA, but no signs of a decline in domestic passenger numbers, we can ex-pect AirAsia’s domestic yields and domestic load factors to be very strong in the second half of fi nan-cial year 2017 (2HFY17). AirAsia is taking advantage of its competitors’ pullback by expanding its fl eet by 10 planes in Malaysia in 2HFY17 after adding none in 1HFY17. We think AirAsia’s strategy to entrench itself strongly in Malaysia is a bril-liant move to edge out its rivals. — CIMB Research, Sept 25

Oil and gas sectorMaintain neutral: Oil price recov-ered from US$45 (RM188.55) per barrel (bbl) in June to US$56/bbl in mid-September due to disrup-tions in US energy market caused by Hurricane Harvey. Severity and duration of outages are still uncer-tain at this juncture but US refi nery runs were down week-on-week on Sept 1, resulting drawdown in US crude inventory. US production was also down by 40,000 bbls per day from July to August.

Market sentiment has improved on the oil and gas (O&G) sector giv-en the recent rally in share prices. However, we believe the oil supply disruption is not permanent while fundamentals will revert back to what we expected earlier (still supply sur-plus). According to the US Energy Information Administration, some pipelines are beginning to restart op-erations and oil producers are start-ing to ramp up productions, pointing

NTPM Holdings Bhd(Sept 25, 78.5 sen)Reiterate neutral with a target price of 71 sen: NTPM Holdings Bhd’s net earnings for the first quarter of financial year 2018 (1QFY18) were broadly in line at RM12.1 million (up 29.2% year-on-year [y-o-y], up 35.4% quar-ter-on-quarter [q-o-q]), which accounted for 21% of our full-year estimates. 1QFY18 revenue was RM176.2 million, up 16.3% y-o-y. Th e higher revenue was driven by sales of both tissue and person-al care products, meeting 25% of our FY18 revenue forecasts. Op-erating pre-tax and net margins each improved by one percentage point y-o-y. Overall, we foresee a steady recovery in earnings in FY18 as we expect NTPM to keep focusing on driving sales while improving margins. We keep our earnings estimates and maintain our “neutral” call with a TP of 71 sen, based on 14 times multiple to FY18 earnings per share of 5.1 sen. Th e group declared a fi rst in-terim single-tier dividend of 0.8 sen per share.

Paper products’ revenue jumped 17.7% y-o-y to RM124 million for 1QFY18. In tandem with sales improvement, 1QFY18 profi t before tax (PBT) increased 31.2% y-o-y to RM14.2 million. PBT margin for the segment im-proved to 11.4% for 1QFY18, from

10.3% in the same period last year. Going forward, NTPM is focus-ing on increasing its tissue-paper production in meeting demand in local and regional markets, through the addition of two tis-sue-paper machines at its Ho Chi Minh plant, and one tissue-paper machine at its Penang plant. Th at said, we are looking at an increase of 40,000 tonnes per year from current 10,000 tonne per year and additional 20,000 tonnes per year from 100,000 tonne per year at the Vietnam and Penang plants respectively, which translate into about 50% added capacity to cur-rent production level. Given no hiccups in the expansion plan and continuous demand of its products, it should support pro-gressive increase in sales in the longer term.

Personal care products segment saw increased sales for the quar-ter to RM52.1 million (up 13.3% y-o-y, up 2.4% q-o-q), while PBT improved by 15.3% y-o-y to RM3.7 million, supported by a stronger PBT margin of 7.1%, up by 12 basis points from 6.9% in 1QFY17. De-spite the challenging retail land-scape amid cautious consumer spending in Malaysia, NTPM will remain committed to generating higher sales of baby diapers while working on reducing overall pro-duction costs for this segment. — PublicInvest Research, Sept 25

Market sentiment on O&G sector improves

to recovery of production growth in US latest by the start of 2018.

Year-to-date Brent oil prices have averaged at US$51.2/bbl. Given that we expect stronger prices in the sec-ond half of 2017 due to seasonality, we believe our target of average US$55/bbl remains intact. Recent events (hurricane and supply disruptions)

have brought about optimism in the market, but we believe everything will revert back to normal and market will still be oversupplied in 2018.

As opposed to earlier expecta-tions of modifi cation, construction, and maintenance (MCM) contract award by Petroliam Nasional Bhd (Petronas) worth about RM5 billion

Steady earnings recovery seen for NTPM in FY18

AirAsia Bhd

FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F

Revenue 5,873 6,946 7,178 8,109 8,757Operating Ebitda 1,861 2,658 2,127 2,494 2,895Net profit 541 2,039 1,404 1,524 1,461Core EPS (RM) 0.07 0.56 0.27 0.33 0.39Core EPS growth (%) 676 (51) 20 18FD core PER (x) 47.57 6.13 11.42 10.39 8.84DPS (RM) 0.04 0.12 0.06 0.07 0.08Dividend yield (%) 1.17 3.52 1.76 2.05 2.35EV/Ebitda (x) 10.57 6.89 9.09 8.72 7.49P/FCFE (x) 3.69 NA 7.12 11.04 7.94Net gearing (%) 229 134 90 102 91P/BV (x) 2.13 1.43 1.29 1.12 1.01ROE (%) 4.4 28.0 11.8 11.5 12.0CIMB/consensus EPS (x) 1.07 1.20 1.12Sources: Company data, CIMB forecasts

NTPM Holdings Bhd

FYE APRIL (RM MIL) 2016A 2017A 2018F 2019F 2020F CAGR (%)

Revenue 601.7 645.5 690.7 782.3 853.5 9.1Operating profit 84.2 77.0 87.9 105.0 114.6 8.0Pre-tax profit 78.2 72.4 82.8 99.7 109.7 8.8Net profit 57.7 49.9 57.1 68.7 75.6 7.0EPS (sen) 5.1 4.4 5.1 6.1 6.7 7.0PER (x) 15.3 17.7 15.4 12.9 11.7DPS (sen) 1.6 2.4 2.4 2.4 2.4Dividend yield (%) 2.0 3.1 3.1 3.1 3.1Sources: Company, PublicInvest Research estimates

MKT CAP PRICE PER PBVCOMPANY (RM MIL) (RM) RECO TP UPSIDE (%) CY16A CY17E CY18F CY16A CY17E CY18F

SK Petro 9,887 1.65 Sell 1.59 (3.6) 44.6 66.0 25.4 0.8 0.7 0.7 Bumi Armada 4,400 0.75 Hold 0.72 (4.0) 15.0 11.4 11.2 0.6 0.6 0.6 MMHE 1,272 0.80 Buy 0.67 (15.7) (49.7) 24.1 18.1 0.5 0.5 0.5 UMW O&G 746 0.35 Hold 0.32 (7.2) (3.0) (23.0) (34.5) 0.4 0.7 0.7 Dayang 1,003 1.04 Buy 1.20 15.4 30.6 20.8 9.5 0.8 0.7 0.7 WahSeong 769 1.00 Sell 0.91 (8.5) 17.5 11.1 11.1 0.6 0.6 0.6 Uzma 448 1.40 Buy 1.51 7.9 12.6 10.2 9.2 0.9 0.9 0.8 PetDag 24,061 24.22 Hold 24.64 1.7 24.4 23.6 22.8 4.3 4.1 3.8 Reach 486 0.38 Buy 0.38 - (22.4) 126.7 7.6 0.4 0.4 0.4 Average 8.4 30.1 8.9 1.0 1.0 1.0Sources: Bloomberg, HLIB

Oil & Gas sector

to be awarded in the second quar-ter of 2017, we believe the contract will be announced soon (in matter of weeks) as Petronas fi nalises the contract split. Major benefi ciaries of the contract award consist of Dayang Enterprise Holdings Bhd (buy, target price [TP]: RM 1.20), Deleum Bhd (not rated), Petra Energy Bhd (not

rated), and Sapura Energy Bhd (hold, TP: RM1.59). At this juncture, split of contract award among contractors is unknown but we believe Dayang and Sapura Energy are the contenders for the bigger portions of the contract value due to their superior opera-tional track record. — Hong Leong Investment Bank Research, Sept 25

Recent events (hurricane and

supply disruptions) have brought about

optimism in the market, but it is believed

everything will revert back to normal and market will still be

oversupplied in 2018.

1 4 H O M E TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

Dissent on Myanmar statement tests Asean tiesTh is is unexpected due to the bloc’s policy of non-interference in domestic matters

KUALA LUMPUR: Dissent has sur-faced again in the Association of Southeast Asian Nations (Asean) after Malaysia disavowed a state-ment issued by the bloc’s chairman, the Philippines, as misrepresenting “the reality” of an exodus of 430,000 ethnic Rohingya from Myanmar.

The grouping of 10 nations in one of the world’s fastest growing regions has long struggled to recon-cile confl icting interests in tackling issues such as China’s claims over the South China Sea and the crisis facing the Muslim Rohingya.

“Th e Philippines, as chair, tol-erates the public manifestation of dissenting voices,” the Philippine foreign ministry said in a statement yesterday. Th e move showed a “new level of maturity” in pushing Asean’s principle of consensus when deal-ing with issues aff ecting national interests, it added.

Malaysia had made its position clear “in several Asean meetings” in New York, the ministry said, adding that it had to however take into ac-count other members’ views.

On Sunday, Malaysia “disasso-ciated itself” from the Asean chair-man’s statement on the grounds

that it misrepresented the “reality of the situation” and did not identify the Rohingya as one of the aff ected communities.

Myanmar objects to the term Rohingya, saying the Muslims from its western state of Rakhine are not a distinct ethnic group, but illegal immigrants from Bangladesh.

Senior diplomats and Asean na-tions’ foreign ministers had dis-cussed the statement’s contents on the sidelines of the United Nations General Assembly in New York be-fore it was published, the Philip-pine Department of Foreign Aff airs (DFA) and Malaysian government sources said.

However, no consensus was reached by the Asean foreign min-isters, said two Malaysian govern-ment officials aware of the dis-cussions.

The chairman’s statement re-leased by the Philippines did not refl ect Malaysia’s concerns, said one of the offi cials, not wanting to be named due to the issue’s sensitivity.

Malaysia has objected once be-fore to a similar statement on the crisis in Myanmar’s Rakhine state, but Sunday’s response was unex-pected, as the grouping has an over-riding policy of non-interference in domestic matters. — Reuters

KUALA LUMPUR: The Vendor Development Programme (VDP) under the Bumiputera Economic Empowerment Agenda generat-ed RM114 billion since its launch in September 2013 until August this year, Prime Minister Datuk Seri Najib Razak said.

Najib said under the pro-gramme, government-linked companies (GLCs) had not only developed bumiputera vendors, but also helped them grow into national and regional champions.

As at December last year, 10 of the top 20 GLCs had imple-mented the VDP, involving 1,375 vendors working with the inter-national trade and industry min-istry to strengthen the framework to produce national, regional and global champions.

“Last year, the GLCs managed to turn eight vendors into na-tional champions and a vendor into a regional champion,” he said in his keynote address at the Bumiputera Empowerment Agenda appreciation ceremony here yesterday.

Najib is hoping the GLCs and government-linked investment companies would continue to play their part in ensuring the Bu-miputera Empowerment Agen-da’s success.

Besides developing bumi-putera vendors, the Bumiput-era Economic Empowerment Agenda also covers bumiputera companies’ sustainability amid stiff competition in the digital economy.

“The government will also continue to champion the Ma-lays’ and bumiputera Muslims’ interests, as well as [those of ] non-Muslims, upholding it as a national agenda for the bu-miputera community to ensure they could feel every notch of the country’s progress,” he said.

The Bumiputera Econom-ic Empowerment Agenda is a government initiative aimed at ensuring the nation’s wealth is distributed and enjoyed equi-tably by all races and bridging income disparities among them. — Bernama

SEREMBAN: Gerakan president Datuk Seri Mah Siew Keong has said the party may swap fi ve seats with Barisan Nasional (BN) com-ponent parties in the 14th general election (GE14).

“Th e discussion is still going on at the highest level of BN and the fi nal decision will be announced by Prime Minister Datuk Seri Najib Razak who is also BN chairman,” he told a media conference after opening the 42nd Negeri Sembilan Gerakan delegates conference here on Sunday.

Mah said a Gerakan study shows

42% of voters at GE14 would be young voters under 40 years while 53% of voters would be fence sitters. “As such, other than young voters, we must also pay attention to the fence sitters to ensure they reject the opposition to back Gerakan and BN at GE14.”

Conceding that GE14 would be more challenging, he said Gerakan and BN must continue to be strong. Gerakan would use social media to conduct its campaign to ensure the party and BN would be in the best position.

Negeri Sembilan Gerakan chair-man Datuk David Choong Vee Hing said party members must back can-didates selected by the top lead-ership to contest in the two state assembly seats — Senawang and Bukit Kepayang — allocated to Ger-akan in GE14.

“Gerakan lost the two seats in the previous general election, but now we are more prepared to wrest them back from the opposition. All party members must work hard and together ensure victory for Gerakan and BN at GE14,” he said. — Bernama

KUALA LUMPUR: MyPPP president Tan Sri M Kayveas will abide by any decision made by the Barisan Nasional (BN) supreme council concerning the BN candidate for the Cameron Highlands parlia-mentary seat in the 14th general election (GE14).

He said any decision made by the BN supreme council is always in the party’s best interest to win the general election.

“I’m fi ne with any decision made by the supreme council but the candidate must be a likeable can-

didate. All that matters is to win the seat for Barisan Nasional,” he told reporters after attending the Skyawani Residensi topping off ceremony here yesterday.

It was reported that Kayveas was eyeing the Cameron Highlands par-liamentary seat to contest in GE14, currently represented by former MIC president Datuk Seri G Pala-nivel who won the seat in GE13.

Also the transport ministry ad-viser, Kayveas said he asked for BN chairman and Prime Minister Datuk Seri Najib Razak’s blessings

before serving the people in Cam-eron Highlands about three years ago, to ensure victory for BN.

However, during the MIC’s annual general meeting on Sunday, its pres-ident Datuk Seri Dr S Subramaniam insisted that MIC would contest the Cameron Highlands parliamentary seat in GE14. MIC has contested and held the seat since GE11.

During the last general election, Kayveas contested for BN in the Pasir Bedamar state seat in Teluk Intan, Perak but lost to DAP’s Terence Naidu V King by 13,037 votes. — Bernama

KUALA LUMPUR: Th e delay in im-plementing the Sungai Pinang ba-sin fl ood mitigation project is due to the issue of land acquisition in the area.

Natural Resources and Environ-ment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the prob-lem of resettlement of squatters also caused a delay to the RM150 million project which originally should have started in 2016.

Speaking to the media after launching the World Rivers Day 2017 celebration here yesterday, he said the ministry had given an assurance the project would be handed to the contractor in early January next year and is expected to be completed by 2020.

“Th e tender process is ready ... the selection of contractor is be-ing done. God willing, when [it is] ready, the project will reduce fl ood-ing. When it rains heavily like last week, the [fl ood] situation will not be as bad,” he said.

Wan Junaidi also said 33 of the 473 rivers monitored by the De-partment of Environment across the country have been identifi ed as polluted and are mostly located in the city areas.

Th ese polluted rivers include Sungai Juru and Sungai Jelutong in Penang, Sungai Penchala in the federal capital and Sungai Semeny-ih in Selangor.

“Th e pollution is the result of in-dustrial effl uent and domestic sew-age outfl ow to the rivers, as well as the public’s irresponsible attitude,” said Wan Junaidi. — Bernama

Refugees fleeing Myanmar’s Rakhine state to Bangladesh since late August

On August 25Rohingya militantsstaged coordinatedambushes on policeposts, army base

Aug25

Sep1

Sep7

Sep9

Sep12

Sep24

Data as announced by UNAccumulated, thousands

Rohingya refugees sit by tentsat Kutupalong camp, BangladeshSept 24AFP Photo: Dominique Faget

Fleeing Rohingya

164

38

290

370

100

200

300

400

500436

Vendor development programme generates RM114b, says Najib

Gerakan may swap fi ve seats in GE14

Kayveas to heed BN’s decision on Cameron Highlands seat

Sungai Pinang fl ood control project delayed by land acquisition issue

BY J O S E P H S I PA L A N , P R AV E E N M E N O N & M A N U E L M O G ATO

C O M M E N T 1 5TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

One week to cross a streetHow Islamic State pinned down Filipino soldiers in Marawi

BY TO M A L L A R D

With a grimace, Brigadier Gen-eral Melquia-des Ordiales of the Philip-pines 1st Ma-

rine Brigade recounted the painful gains made against Islamist mili-tants in Marawi City.

“It took us one week from this point to that point, to cross that street,” he said, casting his eyes over the other side of a two-lane road in the heart of the southern Philippine city.

“It was really very, very tough.”Th e grinding urban warfare that

has destroyed much of the grandly named Sultan Omar Dianalan Boule-vard shows just how much of a threat Islamic State (IS) is to the Philippines and potentially other countries in the Southeast Asian region.

High-powered weaponsMilitary officers who have skir-mished for years with Islamic insur-gents in the southern Philippines say the battle in Marawi has been more intense and difficult than earlier encounters.

The IS militants are better armed, with high-powered weap-ons, night vision goggles, the lat-est sniper scopes and surveillance drones, said Captain Arnel Caran-dang, of the Philippines Army First Scout Ranger Battalion.

He said he has served for almost a decade in the remote jungles and mountains of Mindanao, the south-ern Philippine region that has long been wracked by insurgencies. Now,

PRESIDENT Donald Trump and Republican leaders plan to release a tax framework this week that would dramatically cut taxes for corpo-rations and the wealthy, provide a measure of middle-class tax re-lief and punish some households in Democratic-leaning states like New York and New Jersey.

Th at summary, based on a list of details that is circulating among Washington lobbyists, breaks from the president’s recent rhetoric against tax cuts for the rich. It sets the stage for a battle with Demo-crats and faces a litany of obstacles.

The emerging framework in-cludes a proposal to cut the cor-porate tax rate to 20% from 35% — a costly move in revenue terms that Trump and Republicans say is necessary to create job growth. But its provisions for individual taxes may hit closer to home for many Americans.

Carandang says, the military is in unfamiliar urban terrain.

Th e militants have exploited the battlefi eld to their advantage and held off Philippine forces despite a 10-to-1 numerical advantage for the government troops.

Borrowing heavily from IS tac-tics in the Iraqi city of Mosul, they have surrounded themselves with hostages and used snipers and a network of tunnels.

Marawi’s underground drainage system and “rat holes” — crevices in the walls of high fl oors allowing access to adjacent buildings — have enabled the rebels to evade bombs and remain undetected, soldiers at the battlefront said.

“We believe there have been some foreign terrorists that have been directing their operations that’s why they are, how do I defi ne this, really good,” said Carandang.

“We have seen some cadavers of foreigners. Some are white, some are black and some tall people we guess are Asians [from outside the Philippines]. We have been hearing in their transmissions some English speaking terrorists.”

Scavenge for foodHostages — many of them Christians — have been deployed to build im-provised explosive devices, scavenge for food and weapons in the heat of battle and fi ght for the Islamist rebels, according to those who escaped.

“When we were fi rst moved to the mosque, there were more than 200 of us,” an escaped hostage, who asked not to be identifi ed for safety reasons, said last week.

“We gradually became fewer.

People would go on errands but they wouldn’t come back. Th ey ei-ther escaped or died. By the time I left, there were only about 100 of us.”

Th e account could not be veri-fi ed, but military offi cials confi rmed the man escaped from Marawi in early August.

Th e hostage said the militants were excited by their successes in Marawi, speaking often of the advantages of urban warfare and talking about some of their next possible targets, including other cities in Mindanao and the Phil-ippine capital Manila.

“Th ey said they could hide well in the cities. Th ey can get civilians to become hostages and it’s more diffi cult in the mountains with only the soldiers,” he said.

Many of the fi ghters are young recruits, who are fanatical and ac-complished fi ghters, the soldiers said.

“By the way they move and their tactics, you can see they’ve been trained,” said Colonel Jose Maria Cuerpo, deputy commander of the 103rd Brigade fi ghting in Marawi.

Proposal rebuff edMuch of this bloodshed could have been avoided, local political lead-ers said.

Naguib Sinarimbo, a Muslim leader who has negotiated between the military and Islamic separa-tists for years, said he and other elders had urged the armed forces to allow militias and rival Islamist groups to take the lead in ousting the IS militants.

Th e groups were familiar with Marawi’s terrain and, through fam-ily and clan links, could infl uence many of the fi ghters to lay down their weapons, they told the armed forces.

Th e proposal was rebuff ed, Si-narimbo said. Air power, the mili-tary assured them, was the path to a quick win.

Zia Alonto Adiong, a provincial politician, said the military also had doubts about the loyalty of some of the “political personalities” off ering to provide their militias to push out the fi ghters.

Marawi residents in evacuation centres or staying with relatives elsewhere are becoming increas-ingly frustrated, said Adiong, who is a spokesman for the local gov-ernment’s crisis management au-thority.

Mindanao has long been marred by the decades of Muslim hostili-ty to rule from Manila. After years fi ghting insurgent groups and then

long negotiations, the government signed an agreement in 2014 to give Muslim majority areas in Mindanao autonomy. But the deal has been long delayed.

“Th is part of the Philippines is fertile ground to plant violent ex-tremism,” Adiong said. “Th ere is a narrative of social injustice that is strong. Young people are fed up with the peace process and noth-ing concrete or sustainable has developed.”

“[Th e militants] use this as the basis to entice people, to get sup-port of the local people.”

Last stand?Carandang, the Scout Rangers captain, said indications were the rebels are preparing for a bloody fi nal stand.

“We are monitoring the enemy’s transmissions and it’s like during these fi nal days they are being more fanatical,” he said. “Transmissions indicate they are preparing for su-icide bombings.”

An unused suicide vest was dis-covered this month in Marawi’s Grand Mosque, a former strong-hold of the militants, government sources told Reuters.

Suicide attacks are rare in the Philippines despite decades of Is-lamist insurgency.

“Th at’s the diff erence between here and Syria and Iraq,” said Or-diales, the marine general. “It’s almost the same war tactics and fi ghting tactics; the one thing that’s not the same is the human bomb or the suicide bombing.

“It hasn’t happened, not yet.” — Reuters

Trump plan cuts taxes for rich and whacks New York, New JerseyBY S A H I L K A P U R Th ree tax lobbyists familiar with

those changes said they include cutting the top individual tax rate to 35% and creating a 25% rate for certain “pass-through” business owners — both down from the cur-rent top rate of 39.6%. Such changes would cut taxes substantially for the top 1% of earners, said Kyle Pomerleau, an expert with the Tax Foundation, a right-leaning Wash-ington policy group.

An analysis by Washington’s Tax Policy Center last year found that half of the business income earned by all pass-through businesses, such as partnerships and limited liability companies, goes to those making US$693,000 (RM2.9 mil-lion) or more annually — placing them well within the top 1% of tax-payers by income.

“I don’t have a good way to thread the needle between the president’s promises and where they are,” said Republican economist Doug Holtz-Eakin. Th ere is a reason why individual income-tax cuts would tend to favour higher earners, he said: “Th e income tax is not a broad-

based revenue-raiser anymore, it’s a surtax on high income people.”

Lowest bracketTrump, who is planning to travel to Indiana to discuss the tax measures in a speech tomorrow, emphasised the benefi ts for lower earners on Sunday. Asked to confi rm that the top individual rate will be 35%, the president sidestepped the question and focused on the bottom rate — which aff ects the lowest earners.

“We think we’re going to bring the individual rate to 10% or 12%, much lower than it is now,” he told reporters. “Th is is a plan for the middle class and for companies so they can bring back jobs.” Actually, the lowest income-tax bracket in 2017 applies a 10% rate to taxable income of US$9,325 or less. After that, a 15% rate applies to income up to US$37,950.

Trump’s plan would double the standard deduction that benefi ts many middle-class Americans, making it the centrepiece of the tax relief Trump has promised them. Th e tax break is worth more than

US$1 trillion over 10 years.

Starting point“You have some members from higher-tax states who are con-cerned about the deductibility of state and local taxes,” said Repre-sentative David Schweikert of Ar-izona, a member of the tax-writing Ways and Means Committee and the conservative Freedom Caucus. “You have others who want to really aggressively lower rates.”

Th e framework that Trump and congressional Republicans plan to release tomorrow would form the starting point for the tax debate in the coming months.

“We’re excited,” House Ways and Means Committee chairman Kevin Brady said on Sunday night, after Republicans on his panel left a meeting to discuss their plans.

Standard deductionRepublican offi cials argue that the tax overhaul is crucial for boosting economic growth, while Demo-crats are gearing up to paint it as a giveaway to the wealthy.

A White House offi cial said that increasing the standard deduc-tion would expand the number of Americans who do not pay any net income taxes, and argued a low individual rate would encourage Americans at the bottom of the economic ladder to climb up.

Th e framework is also expected to eliminate the estate tax, three people familiar with the discus-sions said.

Republicans still have not de-cided how much a tax bill can add to the defi cit, a decision they must make before beginning to advance a bill.

“I think the wealthy will be pretty much where they are” in terms of tax liabilities, Trump told reporters on Sept 13.

“Th e whole objective here is to get the growth rate up to 3% plus,” conservative economist Stephen Moore, who advised Trump’s pres-idential campaign on tax policy last year, told reporters last Friday. “Not because we want more mon-ey in the hands of millionaires.” — Bloomberg

Carandang: The IS militants are better armed.

1 6 W O R L D B U S I N E S S TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

Bank of France raises 2017 French economic growth forecast to 1.7% PARIS: Th e head of the Bank of France said yesterday that the country’s economic growth could reach 1.7% for 2017, up from its previous estimate for growth of 1.4%. Bank of France governor Francois Villeroy de Galhau made the forecast in an interview published yesterday in regional newspaper Midi Libre, in which he highlighted the im-portance of economic reforms for the country. “Th e economic recovery cannot be doubted. It is happening throughout Europe, including France. However, in our country, growth is not yet strong enough,” said Villeroy de Galhau. “Th is year, it could reach 1.7%. Th at would still put it be-low the average for the eurozone, which stands at over 2%. This underperformance highlights one imperative — we must take advantage of the recovery to step up reforms in France, so that we can bring up our growth level to that of our European neighbours, who have succeeded in this area” he added. — Reuters

‘London transport regula-tor ready to meet Uber’LONDON: London’s mayor asked the city’s transport reg-ulator to be available to meet Uber’s boss after Dara Khosrow-shahi apologised for the fi rm’s mistakes and pledged to make changes to overturn a decision to strip it of its licence. Trans-port for London (TfL) last Fri-day deemed Uber unfi t to run a taxi service and decided not to renew its licence to operate, which will end this week, citing the fi rm’s approach to reporting serious criminal off ences and background checks on drivers. “I welcome the apology from Khosrowshahi ... Obviously I am pleased that he has acknowl-edged the issues that Uber faces in London,” Mayor Sadiq Khan said in an emailed statement. — Reuters

‘Deloitte hit by sophisticated cyberattack’LONDON: Global accountancy fi rm Deloitte has been hit by a so-phisticated hack that resulted in a breach of confi dential informa-tion and plans from some of its biggest clients, Britain’s Guard-ian newspaper said yesterday. Deloitte confi rmed to the news-paper it had been hit by a hack, but it said only a small number of its clients had been impacted. Th e fi rm discovered the hack in March, according to the Guardi-an, but the cyberattackers could have had breached its systems as long ago as October or November 2016. — Reuters

ABB to buy GE unit for US$2.6b ZURICH: Swiss-Swedish engi-neering group ABB agreed yes-terday to buy General Electrics’ (GE) industrial solutions unit for US$2.6 billion (RM10.89 billion) in a move to boost its business in the US, ABB said in a state-ment. — AFP

I N BR I E FiPhone disappointment Th is is especially bad news for Taiwan equities and has hit suppliers

BY J E A N N Y Y U

BY M I C H E L L E J A M R I S KO

BY A R A D H A N A A R AV I N D A N

BY A B H I S H E K V I S H N O I & A N D R E A TA N

HONG KONG: Apple Inc’s latest prod-ucts are getting a thumbs down, at least by investors in the company’s Asian suppliers. Th at’s especially bad news for Taiwan equities.

Hon Hai Precision Industry Co,

which assembles the iPhone and other Apple devices, has fallen 10% in Taipei since Apple unveiled its col-lection of new gadgets for the holidays this month. Other suppliers across the region, including Taiwan’s Pegatron Corp and South Korea’s LG Innotek Co have plunged more than 13%.

Taiwan’s US$1.1 trillion (RM4.62 trillion) equity market is particular-ly exposed to the swinging fortunes of Apple products, due to the domi-nance of parts manufacturers. Hon Hai and Taiwan Semiconductor Man-ufacturing Co, Apple’s main chip-maker, together make up a quarter

of the Taiex total weighting, while exports account for more than half of the island’s gross domestic product.

Apple iPhone 8 pre-orders are “substantially lower” than iPhone 7 and iPhone 6 levels, Rosenblatt Se-curities analyst Jun Zhang wrote in a note last week. — Bloomberg

SINGAPORE: Fidelity International Ltd’s decision on how to handle its research costs to meet new Euro-pean rules hinges on how the US deals with the regulations.

“Th e one sticking point is the US because the US securities indus-try doesn’t get pushed around by anybody,” Richard Lewis, head of global equities at Fidelity, said in an interview in Singapore last week.

Forty of the world’s largest asset managers and banks held a sum-mit in London with the Financial Conduct Authority last week to dis-

cuss the revised Markets in Finan-cial Instruments Directive, known as MiFID II, the Financial Times reported, citing an unidentified senior executive who attended the meeting. Th e participants failed to gain clarifi cation from the UK fi -nancial regulator on the new rules, the FT said.

One quandary with MiFID II is the requirement that brokerages are paid directly for research — that confl icts with US rules. The Securities and Exchange Commission (SEC) has signalled to brokerages that it has increased eff orts to fi nd a solution before Europe’s rules take eff ect in January.

While the SEC does its due dil-igence, some of the world’s larg-est money managers have started to make independent decisions. BlackRock Inc, Vanguard Group Inc and Schroders plc have said they would absorb research expenses.

Fidelity is weighing between its preferred choice of having a glob-al research base to meet MiFID II and having two separate pools of clients and research, Lewis said.

Th e rules which come into force in January aim to tackle confl icts of interest by requiring money manag-ers and hedge funds to be charged separately from trading fees. — Bloomberg

WASHINGTON: Singapore’s infl a-tion slowed in August, matching the weakest pace this year, and testing the Monetary Authority of Singapore (MAS) ahead of its semi-annual pol-icy decision in October.

Th e MAS, which uses the exchange rate as its main tool, has kept its policy stance unchanged since April 2016. Th e central bankers said at their April meeting this year that they would stick to a neutral stance for an “ex-tended period” of time. Economists are watching closely for any tweaks to the language while also monitor-ing data that might give the central bankers reason to consider tighten-ing measures.

While the Singaporean economy has been recovering, the strength primarily has been due to a pick-up in exports. Consumer spending and the labour market remain weak. “Overall, domestic sources of infl ation remain relatively muted,” the MAS and ministry of trade and industry said in a joint statement after the data, repeating language they issued in August. “Conditions remain slack in the labour market and this is ex-pected to dampen underlying wage pressures, even as commercial and retail rents have continued to ease.”

“The inflation data once again confi rms that weak domestic demand is weighing on the pricing power of the corporate sector and that there is little reason for the MAS to relinquish

its currently neutral exchange rate policy stance,” Sanjay Mathur, chief economist for Southeast Asia and In-dia at Australia & New Zealand Bank-ing Group Ltd in Singapore, said in a research note following the report.

“We expect the broader economy, excluding semiconductor manufac-turing, and the labour market to re-main weak, so underlying infl ation pressures should remain limited,” economists at Nomura Group said in an email. “Th e MAS reiterated its view that infl ation will mainly be driv-en by supply-side factors like energy and administered prices rather than demand-pull pressures, which sug-gests there is little urgency to tighten monetary policy in the near term.” — Bloomberg

‘US MiFID research sticking point’

Singapore’s infl ation slows ahead of MAS policy decision

SINGAPORE: Online retail-er Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

Taobao Collection will be offered in Indonesia, the Phil-ippines and Thailand in the next few weeks through La-zada’s platform, it said in a statement today. Lazada be-gan selling Taobao products in Singapore and Malaysia earlier this year.

In June, Alibaba invested an additional US$1 billion (RM4.19 billion) in Lazada to boost its stake to 83%.

“This is a true testament to the way the Lazada and Aliba-ba teams have come together to build the business in a fast and efficient way combining consumer insights, technol-ogy know-how and local ex-pertise,” said Aimone Ripa di Meana, Lazada’s chief mar-ketplace officer.

The products are curated to appeal to local tastes in the different countries and will be offered in the respective local languages on the Lazada sites, the company said.

Lazada, launched in 2012, is headquartered in Singapore and also operates in Malaysia, Indonesia, the Philippines, Thailand and Vietnam.

Southeast Asia is becom-ing a new battleground for e-commerce companies that are hoping to grab a piece of the market of 600 million peo-ple where only a fraction of total retail sales are currently conducted online.

Amazon.com Inc launched its Prime Now quick deliv-ery service in Singapore in July, while JD.com Inc and top Thai retailer Central Group are forming a US$500 million joint venture in e-commerce and financial technology.

Lazada expands Alibaba’s Taobao marketplace in Southeast Asia

1 8 W O R L D B U S I N E S S TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

Lufthansa, EasyJet in race for Air BerlinTh e former has set its sights on up to 78 aircraft

BY D A P H N E R O U S S E AU

BY M I K A E L H O LT E R

BY P R S A N J A I

BERLIN: Insolvent Air Berlin was to decide yesterday on the future of its 140 aircraft and 8,000 employees, with Lufthansa, EasyJet and Condor favourites to divide the spoils of the German airline.

Its supervisory board is set to ap-prove at 1300 GMT the shortlist of bidders for Air Berlin’s assets agreed among the company’s creditors on last Th ursday, with technical details around winding up the carrier to be thrashed out in the coming weeks.

At stake are the carrier’s 140 leased aircraft — including those wholly owned by Austrian subsidiary Niki — coveted landing and take off slots at German airports, and some prime Berlin real estate.

Air Berlin triggered bankruptcy proceedings in mid-August after

MUMBAI: Tata Motors Ltd, the owner of luxury car brands Jag-uar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals.

Cash and equivalents at the In-dian maker of the Tiago and Hexa cars surged 87% to 397.6 billion ru-pees (RM25.70 billion) as of June 30 from a year earlier, according to data compiled by Bloomberg. Reliance Industries Ltd, India’s biggest company by market value, had 721 billion rupees in cash in the period. The most among the nation’s companies.

Tata Motors, which has re-ported three straight quarters of sales declines, gets 78% of its rev-enue from the luxury brands and plans to use its record cash pile to add new products, technolo-gy and manufacturing capacity, according to C Ramakrishnan, group chief financial officer at Tata Motors. Jaguar Land Rover has said it will spend about £4 bil-

OSLO: Statoil ASA is among produc-ers involved in discussions with the Abu Dhabi National Oil Co about joining off shore production in the emirate, according to a Norwegian diplomatic dispatch.

“All the major oil companies, in-cluding Statoil, are positioning them-selves for a cooperation with Adnoc in the off shore segment,” Norway’s embassy in Abu Dhabi wrote in a message to the Foreign Ministry in Oslo dated Aug 17, which was ob-tained by Bloomberg through a free-dom-of-information request.

The diplomatic wire made di-

losing a cash lifeline from its big-gest shareholder Etihad Airways, giving potential buyers a month to make their off ers.

Media reports suggest that large parts of Germany’s second-largest airline will be gobbled up by the country’s fl agship carrier Lufthansa.

In the race to strip down Air Berlin, Lufthansa reportedly beat out IAG — owner of Iberia and British Airways — and three bids of between €500 million (RM2.49 billion) and €600 million apiece from private investors.

Irish low-cost airline Ryanair stayed out of the bidding as its out-spoken chief Michael O’Leary de-nounced a German “stitch-up” de-signed to favour Lufthansa.

Th e German government, which extended a bridging loan to Air Berlin to keep its aircraft aloft, ruled out any

one competitor taking over the car-rier whole for competition reasons.

Th at did not stop rivals attack-ing Lufthansa for what they saw as a grab at monopoly power by the yellow-liveried giant.

“Th ere’s a scandal going on here. Lufthansa’s monopoly would be ce-mented by this decision,” Bavarian business tycoon Hans Rudolf Woehrl told Handelsblatt business daily last Friday, warning that he could sue the government over its role in the deal.

Frankfurt-based Lufthansa has set its sights on up to 78 aircraft, while EasyJet is reportedly interested in Air Berlin’s popular short-haul routes.

“Our top priority is to stabilise operationally the 38 aircraft we’ve been wet-leasing from Air Berlin over the past few months,” Lufthansa chief Carsten Spohr told journalists last week. — AFP

Statoil eyes stakes in Abu Dhabi off shore blocks rect reference to an Aug 7 statement from Adnoc in which Abu Dhabi’s state oil company said it was in “ad-vanced discussions with potential partners” for an off shore oil con-cession that expires in March and will be split into several parts under new terms. Adnoc said at the time that more than a dozen companies were involved in talks, including existing concessionaires and new participants, without mentioning names. Existing international part-ners include Exxon Mobil Corp, BP plc and Total SA.

Statoil, which has had an offi ce in Abu Dhabi since 2010 to look for business opportunities in the region,

has an “ongoing dialog” with Ad-noc, spokesman Erik Haaland said by phone. He declined to comment on whether Statoil was involved in discussions over the off shore con-cessions.

“Th e Middle-East is a very inter-esting area for our industry, and one of the most resource-rich areas in the world,” Haaland said. “We’re looking at a broad range of opportunities.”

BP and Royal Dutch Shell plc, Europe’s biggest oil company, de-clined to comment. Total and Exx-on couldn’t immediately comment. Adnoc responded to a request for comment by referring to its Aug 7 statement. — Bloomberg

Jaguar Land Rover’s owner boosts cash hoard by 87% to expand

lion (RM22.73 billion) to expand in the next three years.

“JLR (Jaguar Land Rover) also may have capital expenditure op-portunities going forward while there are emerging areas like elec-tric vehicles and autonomous cars where Tata may decide to dip their feet,” said Deepesh Rathore, direc-tor at Emerging Markets Automo-tive Advisors in London.

Brokerages including Morgan Stanley and Ambit Capital cut their recommendations for Tata Motors after the company missed analyst estimates for the three months ended June 30. A one-time gain helped Jaguar Land Rover post a 49% jump in profit before tax of £595 million. The profit in-cludes a one-time credit of £437 million related to the company’s pension plans. Net income at Tata Motors climbed 42% to 31.8 bil-lion rupees.

Tata Motors shares, which have declined 14% this year, dropped 0.9% to 408.15 rupees at 12.08pm in Mumbai. — Bloomberg

Jaguar Land Rover has said it will spend about £4 billion to expand in the next three years. Photo by Bloomberg

W O R L D 1 9TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

I N BR I E FMerkel’s bloc regroups after ‘nightmare victory’It is starting to draw lessons from its electoral losses to AfD

BY A R N E D E L F S , R A I N E R B U E R G I N & PAT R I C K D O N A H U E

BERLIN: Angela Merkel’s political bloc is starting to draw lessons from its electoral losses to the Alternative for Germany (AfD) party as pressure mounts for the chancellor to win back voters lost to the populist right.

Merkel’s Christian Democratic Union (CDU)-led bloc was sched-uled to meet in Berlin yesterday in the wake of the defeat of its Social Democratic Party challenger even while falling to the worst result since 1949. “Th e chancellor’s nightmare victory” was the verdict of Germa-ny’s best-selling Bild newspaper.

Th e result saw a hollowing out of support for the two main par-ties and a surge for the anti-im-migration AfD in a clear rebuke to

Merkel’s open-doors refugee policy. With the Social Democrats opting to go into opposition and not re-new their coalition with her bloc of the past four years, her options for governing appear limited to a three-way alliance with the Greens and Free Democrats (FDP) that is untested at national level.

Daniel Guenther, who has pre-sided over the same three-way hookup in Schleswig-Holstein state since the summer, said the hurdles to forming such an alliance at fed-eral level are higher. “Th ere are a few topics where we’re far apart: se-curity, integration, refugee policy,” he told reporters as he arrived for the CDU meeting. As a result, “it’s not a given” that it’ll work, he said.

Merkel’s Christian Social Union (CSU) Bavarian allies, vocal crit-

ics of her refusal to set an upper limit on migrant arrivals policy during the refugee crisis of 2015-2016, urged the chancellor to shore up her right fl ank to stop support bleeding to the AfD. After losing votes to the AfD in its home state, the CSU will be “prickly” in coali-tion talks, “as will the resurgent FDP and the left wing of the Greens,” said Holger Schmieding, chief econo-mist at Berenberg.

Th e parties are regrouping after Sunday’s surprise election deliv-ered victory for Merkel but raised question marks over her fourth-term agenda. The euro declined on the prospect of prolonged coa-lition talks, with six parties poised to enter the lower house, the Bun-destag, for the fi rst time since 1953. — Bloomberg

BY I S A B E L R E Y N O L D S & E M I N O B U H I R O

TOKYO: Japan’s Prime Minister Shinzo Abe said he will dissolve the lower house of parliament on Thursday for a general election as he announced an US$18 bil-lion (RM75.7 billion) economic package.

Abe unveiled a slew of meas-ures aimed at working families, in-cluding more education spending, when speaking to reporters in To-kyo last night. He also spoke about the need to keep up pressure on North Korea after Kim Jong-un’s regime fi red two missiles over Ja-pan in recent weeks.

Voting will be set for Oct 22, ac-

PARIS: France has decided to set 2022 as a deadline to phase out the use of glyphosate, the controver-sial active ingredient in one of the world’s most widely used weedkill-ers, the government said yesterday.

Glyphosate is the main compo-nent of the best-selling herbicide Roundup produced by the US agro-chemicals giant Monsanto, but there have been concerns it may cause cancer.

The European Commission has proposed extending the li-cence for the use of the chem-ical for 10 years, which France has said it will vote against and try to block.

“The prime minister ... has de-cided that this product will be banned in France by the end of the government’s term, as well as

others that are similar and which are a public health threat,” gov-ernment spokesman Christophe Castaner told RMC radio.

Castaner said the government would set aside €5 billion (RM24.99 billion) over President Emmanuel Macron’s fi ve-year term to support the development of an alternative to glyphosate. — AFP

Abe says will call snap electioncording to three people with knowl-edge of his ruling coalition’s plans. Heightened tensions with North Korea have boosted Abe’s approval rating after a series of scandals, and may help him retain his coalition’s two-thirds majority in the lower house of parliament.

Ahead of Abe’s remarks, Tokyo governor Yuriko Koike announced that she would form a new nation-al party to challenge him. Koike, a former member of Abe’s Liberal Democratic Party (LDP), said yes-terday her “Party of Hope” would run candidates across the nation.

Abe announced yesterday he had ordered Economy Minister Toshimitsu Motegi to compile a ¥2 trillion

(US$18 billion) economic pack-age, including spending on pre-school and higher education, as well as improving conditions for people working in elderly care. Th e premier said he would make use of revenues from a planned increase in the nation’s consumption tax in October 2019.

A poll published in the Nikkei newspaper yesterday said Abe’s LDP received 44% support, com-pared with 8% for both Koike’s group and the main opposition Democratic Party. Another survey by Kyodo News published on Sun-day showed the LDP with a more than three-to-one margin against its closest rival, with 42% still un-decided. — Bloomberg

Kushner used personal email for White House business — reports

WASHINGTON: Jared Kushner used a personal email account to communicate with White House aides in his capacity as a senior adviser to his father-in-law US President Donald Trump, according to reports.

As a candidate, Trump rou-tinely attacked his Democrat rival Hillary Clinton over her use of a private email server while she was secretary of state, telling supporters “she has to go to jail” over the aff air.

Following an investigation, the FBI recommended that no charges be brought against her, but noted she had been “ex-tremely careless” in her han-dling of sensitive information.

Citing four offi cials, Politico said Kushner used a personal server to send messages to sen-ior White House offi cials and outside advisers about media coverage, planning events and other issues.

Th ere is no suggestion the emails contained highly sensi-tive information or were clas-sifi ed, it added, but they could fall foul of the Presidential Re-cords Act, which requires all documents related to the pres-ident’s personal and political activities to be archived.

Abbe Lowell, a lawyer for Kushner, confi rmed the report in a statement to the media. “Fewer than 100 emails from January through August were either sent to or returned by Mr Kushner to colleagues in the White House from his per-sonal email account,” he said.

“These usually forward-ed news articles or political commentary and most often occurred when someone in-itiated the exchange by send-ing an email to his personal rather than his White House address.” — AFP

France to ban glyphosate weedkiller by 2022 — government

Toxic for aquaticorganisms

An indiscriminateherbicide that

kills most plants

Main agent in Monsanto’sRoundup herbicideProduced by other companiessince 2000 (public patent)

Inhibits the EPSPS enzymecommon to plants and somemicro-organisms

An additive helpsit to stick to surface,facilitating absorbtion

Plant dies because it isprevented from producingsome amino acids

Glyphosate decomposes

Some plantshave become resistant

Some seeds(corn, soya) have beengenetically modifiedto tolerate glyphosate

2

3

1

Glyphosate

Sources: Monsanto, CIRC, EFSA,

Chemical structure: C3H8NO5P

One of the world’s most widely used weedkillersGlyphosate is the main component of the

best-selling herbicide Roundup produced by the US agro-chemicals

giant Monsanto.

Myanmar searches for more Hindu corpses as mass grave unearthedYANGON: Myanmar troops yes-terday searched for dozens of missing Hindu villagers feared dead after the discovery of a grave containing 28 corpses in the Rakhine state, evidence of what the army says is a massa-cre by Rohingya Muslim mil-itants. Northern Rakhine has been ravaged by communal vio-lence since Rohingya insurgents staged deadly raids on police posts on Aug 25, unleashing an army crackdown that has dis-placed hundreds of thousands of civilians. Th e vast majority — more than 430,000 — are Ro-hingya Muslims who have fl ed across the border to Bangladesh from a military campaign which the UN says likely amounts to ethnic cleansing of the stateless minority. But tens of thousands of ethnic Rakhine Buddhists, and the region’s small popula-tion of Hindus, have also been internally displaced, saying they were attacked by Rohingya mil-itants. — AFP

Three-pronged antibody attacks 99% of HIV strainsWASHINGTON: It has long been challenging to fi ght HIV due to the virus’ unimaginable ability to mutate and change its appearance, but scientists might have found a silver lin-ing, China’s Xinhua news agen-cy reported. US and French scientists have engineered a three-pronged antibody that at-tacks 99% of HIV strains, which has been hailed as an “exciting breakthrough” by the Interna-tional Aids Society, local media reported. — Bernama

North Korea’s A-Bomb is deterring US fi rst strike, says RussiaMOSCOW: North Korea’s pos-session of nuclear weapons is preventing the US from launch-ing a first strike against the rogue nation, Russian Foreign Minister Sergei Lavrov said in an interview. “Th e Americans won’t strike because they know for sure — rather than suspect — that it has atomic bombs,” Lavrov said on Sunday on Rus-sia’s NTV television. “I’m not defending North Korea right now, I’m just saying that al-most everyone agrees with this analysis.” — Bloomberg

WHO warns of cholera threat in Bangladesh Rohingya campsCOX’S BAZAR (Bangladesh): Th e World Health Organisa-tion (WHO) warned yesterday of a growing cholera risk in the makeshift refugee camps in Bangladesh where more than 435,000 Rohingya Muslims have sought shelter from unrest in Myanmar. A month after the exodus began, those dispersed in some 68 camps and settle-ments along the border do not have safe drinking water and hygiene facilities, according to WHO. — AFP

20 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

TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY H A N N A H M E R I C A N

W O R K . L I F E . B A L A N C E

CO M P L E M E N T your make-up with the Glos-sip Girl lip gloss in Lady Eleanor shade from dUCk cosmetics. Ideal for both day and night, the lip gloss has a muted fi nish while managing to plump your lips for a glamorous look. The lip gloss hy-drates your lips and is also para-ben-free. The lip gloss is sold at RM60 on www.fashionvalet.com and at the dUCk Pa-vilion Kuala Lumpur store.

WATCH The Shanghai Sisters & WVC per-form today at No Black Tie. Consisting of Winnie Ho, Janet Lee and May Mow, they will be performing a trilingual repertoire of classic songs from Old Shanghai, Romantic Hollywood and Grand Malaya. The Shanghai Sisters and jazz band WVC promise to deliv-er a classy performance, at 9pm. The cover charge is RM 85. No Black Tie is at 17, Jalan Mesui, off Jalan Nagasari, Kuala Lumpur. For more information, call (03) 2142 3737.

CATCH Shakespeare Demystifi ed: Macbeth today at klpac. The performance aims to condense the Bard’s play on regicide by using song, music and text. The plot will be narrated and the themes discussed as each scene is played out. The KL Shakespeare Players’ production is directed by Lim Kien Lee, and will be held at klpac’s Indicine, Jalan Strachan, off Jalan Sultan Azlan Shah, Kua-la Lumpur, at 8.30pm. Tickets are at RM50. For ticket reservations, call (03) 4047 9000.

The wine region of Bordeaux, long wilfully fusty, is in the midst of a modern tourist boom. Last year, it saw the opening of the swirling al-uminium-and-glass La Cite

du Vin, a spectacular high-tech museum devoted to wine and culture. This July, a two-hour high-speed train link from Paris was introduced.

In the city of Bordeaux proper, beau-tiful 18th century buildings have shed their soot to stand gleaming once again as part of a renewal project that helped the municipality gain United Nations Educational, Scientifi c and Cultural Or-ganization World Heritage status in 2007. Jazzy wine bars and creative chefs have swept in since, upending decades of heavy cuisine doused in buttery sauces.

Now, you will want to venture beyond town for the real fun: Th e appellation’s cel-ebrated wine chateaux, whose doors were long shut to tourists, have unveiled dazzling wineries designed by big-name architects. More than a dozen of them, including bil-lionaire-owned Chateau Cos d’Estournel, have also begun welcoming wine lovers for lunch, dinner, and even overnight stays in opulent rooms overlooking the vineyards.

Chateau SiauracFor a weekend lunch, head to the small, buzzy appellation of Lalande de Pome-rol. An injection of cash from billionaire Francois Pinault, who owns fi rst-growth Chateau Latour, had enabled Paul and

Th ese days it’s the

insider’s way to best

understand Bordeaux’s

famous wines

OPEN FOR MEALS

BY E L I N M C C OY

Valerie Goldschmidt to upgrade their chateau and wines; last year, they intro-duced a lunch and dinner programme called La Table de Siaurac.

Th e Goldschmidts’ collection of paint-ings, framed letters from famous musi-cians, and pages of artists’ books line the red-walled living room, where a prix fi xe seasonal menu may include a carpaccio of dorade and melon or a thyme-scented lamb dish accompanied by the chateau’s plummy red vintages.

Take time afterward to wander the landmark garden or play petanque, a game similar to boules. For dinner, it is a 20-minute drive to the walled medieval town of St-Emilion, where you can dine at the revived Logis de la Cadene, owned by Chateau Angelus; it opened in 2015 and received its fi rst Michelin star in 2017.

Dinner for two and a night at the chateau, €396 (RM1,978.81); lunch or dinner only, €64 plus wine

Chateau La DominiqueYou cannot miss the new cellar designed by French architect Jean Nouvel: Th e out-er walls are refl ective slats of shocking red stainless steel that stand out in the glowy green landscape. Its restaurant, La Terrasse Rouge, is St-Emilion’s latest hot spot. Casual, noisy, and highly popular with local winemakers, it serves simple bistro fare in a vast room with a zinc bar and long tables.

Th e best bets from the menu are the basics: Briny oysters, charcuterie, and entrecote grille with salty pommes frites — a smart setup, as the main marvel is the elevated deck, covered with shiny red glass pebbles that evoke a sea of un-crushed grapes. Th ere, you can drink a variety of French bottles or dine with a view of neighbouring Chateau Cheval Blanc’s fl owery planted roof. — Bloomberg

Lunch menu €28; lunch and dinner gour-met menu €39

Chinoiserie-style turrets rise above the vineyards at Chateau Cos d’Estournel.

Charcuterie and a deck covered with red glass pebbles at Chateau La Dominique.

PHOTOS BY BLOOMBERG

live it! 21

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

TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY

STYLE BY AU D R E Y S I M O N

The secret is in the detailsWith year-end festivities fast approaching, you may want to re-examine your accessories and redefi ne your style. Th ere is no need to overhaul your wardrobe: All you need are some key pieces to accent your look. Get a few ideas from Berluti’s fall 2017 collection, which is fashionable and practical. — Th e Edge Singapore

ShoesA good pair of shoes can anchor your look and make you feel like a million bucks.

Leather goodsA bag that is elegant and functional will set the tone for the workday.

Small leather goodsToday’s wallets need to hold a lot more items — even a smartphone.

BeltsSuspenders or belt? Berluti’s range will tempt you to go with the latter.

Cursive GaletMaterial: Venezia Scritto leatherTh ese boots are a perfect marriage of British aesthetic and the tra-ditional shoemaking expertise of Berluti. Th e shoes have an elastic side, which makes them extremely easy to put on and take off .

Eris BergenMaterial: Glazed calf/Venezia Th is pair of leather boots is perfect for winter and adds a rock-and-roll touch to any ensemble. Th e inside zip makes them easier to put on while the laces enable the wearer to adjust the shoes to his exact fi t.

Onyx Material: Venezia + box calf Th is briefcase from the Vene-zia line features oval-shaped tabs, an exterior zipped pocket and round handles. It provides signifi cant organising capacity for everyday use.

Blackout Material: Vitello Fiore leatherTh is holdall is fl exible and lightweight, good for carrying any everyday article. Th e tabs that secure the handles to the bag are shaped like shoe uppers.

Front Material: Venezia Scritto leatherTh is belt buckle has two sides covered in leather, giving it a more elegant appearance.

Tersio All-in-One Material: Venezia/Venezia Scritto leatherThis billfold has generous com-partments to hold notes, a mobile phone and other personal items. Its wide opening gives easy access to the compartments.

2 2 S P O RT S TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY

KUALA LUMPUR: Malaysians were thrilled to welcome inter-national football and lifestyle icon David Beckham, who was in Kuala Lumpur last Friday as part of the AIA Healthy Living Tour.

The Tour, which included stops in Hong Kong, South Ko-rea and Singapore, was held in conjunction with the formal launch of “What’s Your Why?”, AIA’s major new campaign in the Asia-Pacifi c region that saw the insurer and Beckham com-ing together to help people live longer, healthier, better lives.

Beckham is also the face of the “What’s Your Why?” cam-paign, which he launched at an event held at Mandarin Oriental, Kuala Lumpur earlier last Friday.

The “What’s Your Why?” campaign features a video that was directed and filmed by Academy Award winner, Wally Pfi ster, on location in Bangkok. It showcases personal stories of people and their motivations for leading a healthy lifestyle, including why Beckham him-self leads a healthy life.

Anusha Th avarajah, chief ex-ecutive offi cer of AIA Bhd, said “David is someone respected and admired internationally. We are honoured to partner with him to inspire people across Asia-Pacifi c, including here in Malaysia, to take better care of their health”.

AIA, Beckham call on M’sians to lead healthy lives

Petronita raises RM340,000 from Orchid Run & Ride 2017Proceeds from the event will be channelled to four charitable bodies

SIPG boss Villas-Boas to learn fate ahead of ACL semiHONG KONG: Andre Villas-Bo-as’ fractious relationship with Asia’s football authorities is set to come to a head as he fac-es the prospect of watching his Shanghai SIPG side take on Urawa Red Diamonds in the Asian Champions League (ACL) semi-finals from the stands tomorrow. Th e Portu-guese coach is currently un-der investigation by the Asian Football Confederation’s dis-ciplinary committee following his outburst in the aftermath of SIPG’s dramatic quarter-fi nal win over fellow Chinese Super League side Guangzhou Ever-grande. — Reuters

Inaugural Laver Cup serves up a hit with fans and playersPRAGUE: With a sold-out sta-dium, compelling matches and a doubles pairing of the world’s top two players, organisers of the inaugural Laver Cup got what they wanted in the three-day event. In a bold bid to add a new tournament to an already crowded tour calendar, the La-ver Cup pitched Europe’s top players against a team from the rest of the world. From Rafael Nadal and Roger Federer team-ing up in doubles to the Swiss clinching the title in a tie-break in the fi nal match, the organis-ers served up a three-day tour-nament that appealed to both fans and players. — Reuters

Wenger: Arsenal will not sacrifi ce any competition this seasonBENGALURU: Arsenal boss Arsene Wenger has said the club cannot aff ord to ignore any competition unlike rival managers who have questioned the value of the League Cup. Manchester United manag-er Jose Mourinho suggested scrapping of the League Cup could help avoid fi xture con-gestion and would help English clubs become more competi-tive in European competitions. Th e Portuguese manager was also backed by Manchester City counterpart Pep Guardiola, who played down the signif-icance of the League Cup. — Reuters

Dembele a doubt for Spurs’ Champions League trip to NicosiaBENGALURU: Tottenham Hot-spur midfi elder Mousa Dem-bele could miss today’s Cham-pions League match against Apoel Nicosia due to a persistent foot injury, manager Mauricio Pochettino has said. Dembele, who underwent an operation on his foot earlier this year, was left out of Spurs’ 3-2 win over West Ham United on Saturday and has played a limited role this season. Pochettino said he did not believe Dembele will need another operation but was unsure how long the 30-year-old would be out of action. — Reuters

I N BR I E F

KUALA LUMPUR: Justin Th omas will arrive for his title defence at next month’s CIMB Classic with another grand accolade, the 2017 FedExCup Champion, next to his name.

Th e 24-year-old American golf star put the icing on the cake to his 2016-2017 PGA tour campaign by winning the season-long FedExCup race after fi nishing second at the tour Champi-onship on Sunday. Th omas bagged a cool US$10 million (RM41.9 mil-lion) bonus following a spectacular

season which included fi ve victories plus a maiden major title.

Th omas fi nished one stroke be-hind winner Xander Schauff ele, who became the fi rst tour rookie to tri-umph at the fi nal FedExCup Play-off s event. Th e 23-year-old has also committed to the US$7 million CIMB Classic at TPC Kuala Lumpur from Oct 12 to Oct 15 and will undoubtedly arrive as one of the top contenders. Refl ecting on his successful season which started with his CIMB Classic

defence 12 months ago, Th omas was delighted to join an esteemed group of FedExCup champions who include Tiger Woods, Rory McIlroy and close friend Jordan Spieth.

“It’s awesome just because I feel like I played so well this year, I was consistent. Life-changing events that just kind of ended with another kind of life-changing thing. To just have my name on the trophy with the rest of those guys is pretty awesome,” said Th omas.

Th omas, Schauff ele get into winning form for CIMB Classic

KUALA LUMPUR: Th e Orchid Run & Ride 2017, held on Sunday in Kua-la Lumpur, successfully raised over RM340,000, surpassing the target of RM250,000 set by the organisers, the Association of Wives and Women Staff of Petronas (Petronita).

Th is has enabled Petronita to add the Mobile Dental Clinic for Special Needs Children, a project by the Dental Faculty of Universiti Teknologi Mara, to its list of ben-efi ciaries.

Th e other receiving charitable bodies include the Paediatric & Con-genital Heart Centre (PCHC) of the National Heart Institute, Institut Telinga Pendengaran dan Pertutur-an and Spastic Children’s Associa-tion of Selangor & Federal Territory.

Sunday’s Orchid Run & Ride, held at Persiaran KLCC, was its third edition and was organised in

collaboration with Petronas.“Through Orchid Run & Ride

2017, we wish to drive the message of ‘Making each step matter’, to re-mind everyone that a little goes a

long way, and that together we can help the less fortunate while at the same time promoting a healthy liv-ing lifestyle.

“Proceeds from today’s (Sun-

day’s) event will be channelled to four charitable bodies that Petron-ita has been working closely with,” said Petronita president Puan Sri Dr Azura Ahmad Tajuddin.

Th e event’s proceeds were pre-sented to the representatives from the four bodies by Azura and wit-nessed by Petronas president and group chief executive offi cer Tan Sri Wan Zulkifl ee Wan Ariffi n during the event’s offi ciating ceremony.

Orchid Run & Ride 2017 drew the participation of over 6,500 runners and cyclists which included mem-bers of the public, Petronas staff and management.

Azura (second from right) and Wan Zulkifl ee (right) with representatives from PCHC, one of the recipients of the proceeds from Orchid Run & Ride 2017.

HEAR YE, HEAR YE ... Australian jouster Phillip Leitch (left) competing against Frenchman Michael Sadde on the way to Leitch winning the inaugural World Jousting Championship at the St Ives Medieval Faire in Sydney, Australia on Sunday. The St Ives Jousting Tournament featuring the championship took place twice daily on Saturday and Sunday, with the St Ives medallion and sword of valour awarded to the victor on Sunday afternoon. The tournament will see jousters from across the globe in attempt to claim the glory of the St Ives medallion. Photo by Reuters

2 3


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 1,769.14 -1.90 -0.11

KLSE INDUSTRIAL 3,227.49 6.94 0.22

CONSUMER PRODUCT 623.25 -1.08 -0.17

INDUSTRIAL PRODUCT 160.28 0.54 0.34

CONSTRUCTION 326.49 -2.51 -0.76

TRADE & SERVICES 231.61 0.01 Unch

KLSE FINANCIAL 16,641.10 -117.64 -0.70

KLSE PROPERTY 1,244.14 -4.23 -0.34

KLSE PLANTATION 7,886.37 -30.90 -0.39

KLSE MINING 607.93 -4.05 -0.66

INDICES CLOSE +/- %CHGTECHNOLOGY 37.00 -0.60 -1.60

FTSE BURSA 100 12,258.02 -18.92 -0.15

FTSE BURSA MID 70 15,046.87 -44.88 -0.30

FTSE BURSA SMALL CAP 17,057.50 -101.90 -0.59

FTSE BURSA FLEDGLING 19,173.33 -48.05 -0.25

FTSE BURSA EMAS 12,602.52 -23.20 -0.18

FTSE BUR M’SIA ACE 6,581.34 -71.00 -1.07

FTSE BUR EMAS SHARIAH 12,821.64 -10.18 -0.08

FTSE BUR HIJRAH SHARIAH 14,045.02 19.75 0.14

FTSE/ASEAN 40 10,604.62 18.45 0.17

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.730 0.400 0.435 0.400 7120 ACOSTEC 0.420 -0.020 633.7 0.416 — — 74.7 4.900 3.881 — — 7090 AHEALTH 4.900 — — — 16.00 2.35 574.0 24.759 12.035 20.500 20.120 2658 AJI 20.220 -0.320 40.9 20.29 6.74 2.08 1,229.3 0.380 0.220 — — 7051 AMTEK 0.305 — — — — — 15.2 6.007 4.970 4.990 4.990 6432 APOLLO 4.990 UNCH 18.2 4.990 25.10 5.01 399.2 1.110 0.800 0.980 0.900 7722 ASIABRN 0.980 UNCH 7 0.957 — — 77.5 3.771 3.140 3.210 3.200 7129 ASIAFLE 3.200 -0.010 18.6 3.202 11.01 5.00 623.2 49.279 39.201 44.300 43.880 4162 BAT 44.000 UNCH 72.2 44.00 16.45 4.89 12,563.3 0.120 0.035 0.070 0.065 7243 BIOOSMO 0.070 UNCH 275 0.065 — — 55.7 0.740 0.540 0.645 0.620 9288 BONIA 0.625 -0.020 1368.4 0.624 15.90 2.00 503.9 1.100 0.483 0.990 0.975 7174 CAB 0.975 -0.015 1182.1 0.983 6.96 0.33 602.2 0.540 0.420 — — 7154 CAELY 0.430 — — — 8.29 2.33 34.4 0.340 0.260 0.285 0.285 7128 CAMRES 0.285 UNCH 8 0.285 23.75 3.51 56.1 15.098 13.019 14.840 14.740 2836 CARLSBG 14.780 -0.080 30.6 14.77 20.63 5.21 4,519.0 1.140 0.519 0.965 0.940 7035 CCK 0.965 0.020 952 0.958 11.96 2.07 304.3 2.388 1.867 2.280 2.280 7148 CCMDBIO 2.280 -0.040 10.6 2.280 22.27 2.85 636.0 2.700 2.230 2.240 2.240 2828 CIHLDG 2.240 -0.010 20 2.240 13.40 2.23 362.9 0.060 0.020 0.040 0.040 5188 CNOUHUA 0.040 UNCH 100 0.040 — — 26.7 3.200 1.812 2.850 2.820 7205 COCOLND 2.820 -0.110 12.9 2.849 15.57 5.50 645.2 1.960 1.603 1.820 1.820 7202 CSCENIC 1.820 -0.010 9.7 1.820 17.50 5.49 219.3 0.095 0.030 0.050 0.045 5214 CSL 0.050 0.005 1299.5 0.049 6.33 — 62.1 0.794 0.510 0.535 0.520 9423 CWG 0.525 UNCH 379.8 0.525 2.94 2.86 66.3 0.050 0.025 0.035 0.030 7179 DBE 0.030 UNCH 1313.1 0.032 300.00 — 42.1 1.000 0.740 — — 7119 DEGEM 0.980 — — — 9.37 2.55 131.3 59.883 52.364 59.440 59.000 3026 DLADY 59.220 0.220 9.3 59.14 26.57 1.69 3,790.1 0.115 0.070 0.090 0.085 7198 DPS 0.090 UNCH 1096.2 0.085 — — 52.9 0.105 0.020 0.080 0.075 7182 EKA 0.075 UNCH 225.9 0.075 — — 23.4 0.360 0.140 0.250 0.240 9091 EMICO 0.245 0.005 869.2 0.245 14.58 — 23.5 1.948 1.372 — — 7149 ENGKAH 1.430 — — — 64.13 4.20 101.2 0.270 0.180 0.190 0.185 7208 EURO 0.185 UNCH 1016.8 0.188 — — 49.5 0.800 0.630 — — 7094 EUROSP 0.680 — — — 31.48 — 30.2 26.000 21.887 24.700 24.420 3689 F&N 24.540 -0.060 450.7 24.51 25.44 2.34 9,000.7 1.205 0.815 — — 2755 FCW 0.860 — — — 260.6 1.74 215.0 0.850 0.520 0.635 0.630 8605 FFHB 0.635 0.005 194.1 0.633 10.67 1.89 69.2 1.350 0.730 1.290 1.270 9172 FPI 1.280 -0.010 404 1.281 11.68 4.69 316.6 0.980 0.255 0.730 0.705 7184 G3 0.730 0.035 18.8 0.719 — — 301.1 1.648 0.873 1.610 1.570 5102 GCB 1.590 0.040 1004.7 1.597 16.22 1.42 763.5 2.999 2.334 2.700 2.700 5606 GOLDIS 2.700 UNCH 5 2.700 7.09 0.74 1,650.8 0.135 0.030 0.120 0.110 5187 HBGLOB 0.110 -0.005 692.8 0.113 20.37 — 51.5 19.178 14.730 18.800 18.300 3255 HEIM 18.300 -0.500 54.4 18.48 20.32 6.28 5,528.4 10.600 8.426 9.750 9.310 3301 HLIND 9.320 -0.210 110.8 9.447 27.82 3.76 3,056.1 1.008 0.822 0.940 0.930 5160 HOMERIZ 0.930 -0.010 67.8 0.938 9.79 2.15 279.0 0.385 0.240 0.315 0.310 7213 HOVID 0.310 -0.005 522.9 0.311 — — 254.5 1.258 1.094 1.170 1.160 5024 HUPSENG 1.170 0.010 91.2 1.168 20.35 3.42 936.0 0.630 0.440 — — 8478 HWATAI 0.440 — — — 183.3 — 32.9 4.880 2.020 3.360 3.330 5107 IQGROUP 3.330 -0.040 85.1 3.346 11.89 3.30 293.1 1.570 1.153 1.550 1.490 7152 JAYCORP 1.520 0.040 703.1 1.518 9.27 3.29 208.6 0.740 0.505 — — 8931 JERASIA 0.540 — — — 11.95 — 44.3 2.598 1.370 1.510 1.460 5247 KAREX 1.490 -0.020 813.6 1.489 53.41 1.34 1,493.5 3.800 3.360 3.460 3.400 7216 KAWAN 3.400 -0.070 26.8 3.421 34.62 0.55 1,222.4 0.260 0.040 0.195 0.190 8303 KFM 0.195 0.005 366.3 0.193 — — 13.3 0.920 0.715 0.740 0.720 6203 KHEESAN 0.740 -0.020 31 0.721 19.32 1.35 77.0 2.700 2.020 — — 7062 KHIND 2.200 — — — 23.43 4.55 88.1 2.210 1.015 — — 2 KOTRA 1.830 — — — 19.55 1.09 244.3 0.140 0.050 0.070 0.065 5172 KSTAR 0.070 UNCH 1018.6 0.065 — — 20.5 6.000 4.500 4.800 4.670 7006 LATITUD 4.680 -0.040 29.2 4.710 6.59 2.56 454.9 1.050 0.785 1.000 0.980 9385 LAYHONG 1.000 0.005 4306.5 0.989 27.25 0.50 608.8 0.377 0.261 0.315 0.315 8079 LEESK 0.315 UNCH 100 0.315 11.29 3.17 52.9 3.780 2.723 3.750 3.680 7089 LIIHEN 3.680 0.010 1224.8 3.714 8.97 4.35 662.4 0.820 0.710 0.740 0.735 7126 LONBISC 0.740 UNCH 91 0.739 9.55 — 138.0 1.866 1.196 1.450 1.420 7085 LTKM 1.420 -0.030 62 1.434 22.15 2.11 184.7 7.920 3.948 6.370 6.130 7087 MAGNI 6.370 0.240 716.3 6.303 8.92 1.96 1,036.6 0.045 0.010 — — 5189 MAXWELL 0.025 — — — — — 10.0 1.266 0.974 1.030 1.020 5886 MBG 1.030 -0.020 21.2 1.029 24.01 2.91 62.6 2.464 1.266 2.070 2.060 3662 MFLOUR 2.070 UNCH 1284.7 2.069 15.48 3.14 1,139.1 0.960 0.770 — — 7935 MILUX 0.820 — — — — — 44.6 5.005 3.770 4.000 4.000 5202 MSM 4.000 UNCH 2 4.000 — 3.50 2,811.9 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.826 1.184 — — 3921 MWE 1.490 — — — 2.54 1.34 345.0 85.980 72.360 85.320 84.860 4707 NESTLE 84.900 -0.020 334.2 84.90 32.11 3.18 19,909.1 4.880 3.002 3.450 3.450 7060 NHFATT 3.450 UNCH 2 3.450 10.05 3.19 259.3 0.130 0.060 0.070 0.065 7139 NICE 0.070 0.005 1323.6 0.066 — — 23.3 0.315 0.230 0.250 0.250 7215 NIHSIN 0.250 UNCH 128.5 0.250 104.17 — 59.6 0.905 0.750 0.810 0.780 5066 NTPM 0.785 UNCH 1160.9 0.793 17.84 3.06 881.7 0.690 0.360 0.580 0.575 7071 OCR 0.575 -0.005 43.1 0.576 — — 152.8 0.250 0.050 0.135 0.125 7071PA OCR-PA 0.125 -0.005 792.7 0.131 — — 80.6 1.778 1.345 1.590 1.560 7107 OFI 1.590 UNCH 302 1.590 21.93 2.52 381.6 6.863 6.315 6.760 6.600 4006 ORIENT 6.600 -0.030 70.1 6.630 10.15 3.03 4,094.6 4.619 2.208 4.470 4.300 7052 PADINI 4.390 UNCH 1795.5 4.393 18.35 2.28 2,888.2 40.300 29.318 38.780 38.500 3719 PANAMY 38.780 0.280 3.7 38.54 18.37 3.02 2,355.7 0.774 0.495 — — 5022 PAOS 0.520 — — — 50.49 3.13 94.2 0.650 0.310 — — 9407 PARAGON 0.460 — — — — — 32.2 0.660 0.310 0.590 0.530 6068 PCCS 0.580 0.025 106.9 0.557 — — 34.8 1.060 0.735 0.845 0.845 5231 PELIKAN 0.845 -0.005 73 0.845 25.68 — 467.5 0.235 0.145 0.170 0.165 4081 PMCORP 0.170 UNCH 157.3 0.170 — — 131.5 0.795 0.441 0.795 0.710 5080 POHKONG 0.735 0.105 16825.9 0.745 10.21 1.36 301.6 2.060 1.451 1.970 1.930 7088 POHUAT 1.960 0.070 547.2 1.952 7.30 4.08 445.4 17.217 15.086 16.900 16.660 4065 PPB 16.840 -0.020 226 16.82 15.07 1.48 19,963.8 0.720 0.499 — — 7190 PPG 0.580 — — — 19.14 2.38 58.0 1.659 1.130 1.170 1.130 8966 PRLEXUS 1.130 -0.040 448.6 1.144 7.94 2.65 203.4 1.199 0.671 1.130 1.110 7134 PWF 1.110 -0.030 187.7 1.114 13.09 3.60 188.4 2.655 1.880 2.150 2.060 7237 PWROOT 2.100 0.040 152.2 2.072 17.50 5.48 693.2 4.030 3.850 3.900 3.870 7084 QL 3.900 0.010 659.2 3.881 36.08 0.84 6,327.5 2.510 1.467 2.280 2.240 9946 REX 2.280 0.030 14.1 2.257 39.38 0.88 140.6 1.890 1.210 1.380 1.370 183 SALUTE 1.370 -0.010 97.1 1.377 27.51 1.75 531.6 1.069 0.800 0.900 0.870 5252 SASBADI 0.885 0.005 387.8 0.891 22.58 1.69 370.9 0.590 0.275 0.585 0.555 5157 SAUDEE 0.570 -0.005 289.7 0.570 633.33 — 68.4 1.430 1.000 1.280 1.280 7180 SERNKOU 1.280 UNCH 5 1.280 109.40 — 153.6 0.845 0.580 0.660 0.640 7165 SGB 0.660 0.010 150 0.650 — — 112.9 0.270 0.060 0.230 0.230 7165PA SGB-PA 0.230 UNCH 55.7 0.230 — — 102.9 1.867 1.370 — — 7412 SHH 1.400 — — — 13.32 7.14 70.0 1.070 0.800 0.870 0.865 7246 SIGN 0.865 UNCH 29 0.869 9.94 — 207.9 0.915 0.215 0.635 0.630 8532 SINOTOP 0.635 0.005 31.5 0.632 44.72 — 250.8 0.865 0.540 — — 9776 SMCAP 0.590 — — — — — 36.0 0.385 0.200 — — 7943 SNC 0.315 — — — — — 20.8 2.548 2.130 2.290 2.160 7103 SPRITZER 2.210 -0.120 75 2.213 18.73 2.62 403.6 1.440 1.020 1.070 1.060 7186 SWSCAP 1.060 -0.010 22.6 1.067 163.08 0.94 154.6 0.669 0.455 0.480 0.480 7082 SYF 0.480 UNCH 100 0.480 7.69 2.08 297.2 0.505 0.280 — — 7211 TAFI 0.430 — — — — — 34.4 1.968 1.641 1.730 1.700 4405 TCHONG 1.700 -0.020 120 1.704 — 1.18 1,142.4 1.270 0.496 0.540 0.510 7200 TEKSENG 0.510 UNCH 3318.2 0.522 36.96 3.92 177.5 1.250 0.850 0.970 0.950 7252 TEOSENG 0.965 UNCH 153 0.959 — 1.55 289.5 1.510 1.300 — — 9369 TGL 1.300 — — — 11.73 5.77 53.0 1.020 0.400 0.950 0.890 7230 TOMEI 0.915 0.015 922.8 0.924 11.78 — 126.8 0.560 0.385 0.410 0.405 7176 TPC 0.410 0.005 33 0.410 — — 95.9 6.080 4.089 5.530 5.440 4588 UMW 5.480 0.040 91.5 5.491 — 3.65 6,402.3 2.549 1.861 — — 7757 UPA 2.480 — — — 3.30 3.23 197.4 1.668 0.677 — — 7203 WANGZNG 1.430 — — — 16.80 2.80 228.8 0.325 0.080 0.290 0.275 5156 XDL 0.290 0.005 1505.1 0.284 25.66 — 195.4 0.615 0.360 — — 7121 XIANLNG 0.575 — — — — — 46.0 0.125 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.822 2.130 2.210 2.190 5584 YEELEE 2.200 UNCH 59 2.198 11.40 2.05 421.5 1.560 1.034 1.350 1.330 5159 YOCB 1.350 0.010 104 1.342 9.49 2.96 216.0 3.190 1.744 2.710 2.670 7178 YSPSAH 2.700 -0.010 55.3 2.688 13.07 2.59 369.1 1.934 1.146 1.700 1.660 5131 ZHULIAN 1.700 0.030 227.1 1.669 14.67 3.53 782.0INDUSTRIAL PRODUCTS 1.420 0.922 1.150 1.130 12 3A 1.130 -0.020 561 1.134 12.68 1.27 556.0 0.210 0.085 0.130 0.130 7086 ABLEGRP 0.130 -0.005 431.9 0.130 — — 34.3 0.400 0.200 — — 7131 ACME 0.350 — — — — — 76.5 0.795 0.625 0.630 0.630 7191 ADVENTA 0.630 -0.015 5 0.630 185.2 — 96.3 2.376 2.045 — — 9148 ADVPKG 2.200 — — — 23.66 5.45 45.1 0.220 0.135 0.170 0.170 7146 AEM 0.170 UNCH 15 0.170 566.6 — 50.9 0.500 0.365 0.410 0.400 5198 AFUJIYA 0.400 0.020 17 0.405 18.96 — 72.0 0.625 0.405 — — 2682 AISB 0.425 — — — 30.14 — 61.4

0.913 0.561 0.745 0.735 7609 AJIYA 0.740 -0.005 152.3 0.741 10.69 2.70 225.4 0.300 0.065 — — 9954 AKNIGHT 0.155 — — — — — 9.0 1.694 0.650 1.180 1.170 2674 ALCOM 1.180 UNCH 176 1.176 13.44 17.37 158.5 1.070 0.315 0.720 0.705 4758 ANCOM 0.705 -0.015 361.9 0.708 8.85 — 154.4 3.860 1.715 3.710 3.630 6556 ANNJOO 3.680 -0.030 2833.2 3.677 10.76 2.85 1,964.8 0.551 0.095 0.110 0.105 9342 ANZO 0.105 UNCH 5396.1 0.105 — — 87.4 1.100 0.825 1.060 0.950 5568 APB 1.050 0.100 14 1.037 12.32 6.19 118.5 4.090 3.176 3.650 3.630 5015 APM 3.640 0.020 13.8 3.645 15.50 3.98 733.8 1.240 0.827 1.160 1.120 7214 ARANK 1.120 -0.030 388.6 1.135 7.58 2.68 134.4 1.290 0.671 1.200 1.170 7162 ASTINO 1.190 -0.010 479.2 1.184 8.60 0.84 326.2 1.480 0.525 1.000 0.985 7099 ATTA 0.990 UNCH 1847.9 0.994 3.83 7.89 149.4 0.970 0.230 — — 7181 ATURMJU 0.255 — — — — — 15.6 2.550 1.580 2.130 2.050 8133 BHIC 2.130 UNCH 5.8 2.110 5.62 1.41 529.2 0.570 0.380 0.390 0.390 7005 BIG 0.390 -0.025 0.5 0.390 — — 18.8 0.580 0.100 0.495 0.490 7187 BKOON 0.490 UNCH 77.5 0.491 — — 136.1 1.091 0.742 0.920 0.870 168 BOILERM 0.920 0.055 348 0.900 22.33 1.63 474.7 2.425 1.490 — — 6297 BOXPAK 1.510 — — — — — 181.3 1.563 1.190 1.220 1.200 5100 BPPLAS 1.210 -0.010 28 1.207 18.70 6.61 227.1 0.316 0.237 0.260 0.255 9938 BRIGHT 0.255 UNCH 91 0.258 — — 52.4 0.675 0.210 0.555 0.545 7221 BSLCORP 0.555 0.005 91.6 0.554 6.78 — 54.4 0.365 0.210 0.245 0.240 7188 BTM 0.240 UNCH 40 0.243 45.28 — 30.5 3.785 2.870 2.950 2.900 5105 CANONE 2.910 UNCH 242.5 2.918 7.12 1.37 559.2 0.035 0.005 — — 5229 CAP 0.010 — — — — — 13.6 2.168 1.883 1.950 1.900 7076 CBIP 1.910 -0.040 306.9 1.923 8.55 3.14 1,028.1 1.810 0.833 1.450 1.420 2879 CCM 1.420 -0.020 44.3 1.438 45.51 3.52 649.8 1.800 1.450 — — 8435 CEPCO 1.480 — — — — — 66.3 1.210 1.020 — — 8044 CFM 1.160 — — — — — 47.6 1.940 1.466 1.770 1.760 5007 CHINWEL 1.770 UNCH 41.8 1.767 10.42 3.84 530.2 2.550 1.546 2.400 2.320 5797 CHOOBEE 2.330 -0.080 476.2 2.346 8.53 2.58 256.1 1.150 0.920 0.960 0.960 8052 CICB 0.960 0.010 5 0.960 27.75 — 48.0 0.075 0.050 0.055 0.050 7018 CME 0.050 -0.005 142.7 0.053 — — 24.3 4.628 3.476 3.960 3.900 2852 CMSB 3.900 -0.070 50.1 3.906 16.91 1.62 4,190.1 0.600 0.200 0.510 0.510 7986 CNASIA 0.510 0.005 39 0.510 0.98 — 23.1 1.547 1.141 1.320 1.300 5071 COASTAL 1.310 -0.010 97.8 1.315 14.10 1.53 696.4 1.150 0.665 0.750 0.735 7195 COMCORP 0.750 0.010 234.6 0.739 7.07 — 105.0 1.010 0.645 0.955 0.945 2127 COMFORT 0.945 UNCH 1712.7 0.946 15.24 — 528.1 2.156 1.630 1.760 1.740 5094 CSCSTEL 1.750 -0.010 683.6 1.745 10.52 5.71 665.0 0.015 0.005 — — 22 CYBERT 0.005 — — — — — 0.5 0.829 0.655 — — 7157 CYL 0.710 — — — 56.35 5.63 71.0 0.405 0.280 — — 5082 CYMAO 0.320 — — — — — 24.0 2.369 1.742 2.200 2.200 8125 DAIBOCI 2.200 -0.040 10 2.200 31.61 1.95 721.4 1.510 0.330 1.280 1.260 8176 DENKO 1.260 -0.020 37.5 1.279 — — 131.6 0.335 0.220 0.335 0.320 7114 DNONCE 0.335 0.020 2089 0.329 — — 61.4 0.435 0.230 — — 5835 DOLMITE 0.270 — — — — — 76.9 0.440 0.155 0.210 0.200 5265 DOLPHIN 0.200 -0.010 1757.9 0.206 — — 44.4 1.320 1.069 1.310 1.290 7169 DOMINAN 1.310 0.020 33.3 1.297 9.05 4.58 216.2 1.848 0.914 1.680 1.620 1619 DRBHCOM 1.630 -0.030 2281.1 1.642 — 0.61 3,151.2 1.606 0.540 1.420 1.370 7233 DUFU 1.370 -0.050 1090.9 1.389 6.95 4.01 240.4 0.866 0.640 0.705 0.695 8907 EG 0.700 0.005 811.9 0.700 6.43 — 148.1 1.070 0.825 0.850 0.850 9016 EKSONS 0.850 -0.010 42 0.850 — — 139.6 0.870 0.510 0.770 0.760 7217 EMETALL 0.760 -0.010 823.7 0.762 14.05 3.29 130.1 0.885 0.385 — — 7773 EPMB 0.540 — — — — — 89.6 0.443 0.330 0.385 0.380 190 ESAFE 0.380 UNCH 182.9 0.381 11.66 — 91.4 1.115 0.740 0.815 0.800 5101 EVERGRN 0.805 -0.010 726.1 0.807 13.13 2.48 681.4 0.863 0.465 0.475 0.465 7249 EWEIN 0.470 -0.010 396.3 0.471 12.11 1.06 141.7 1.380 1.011 1.350 1.350 2984 FACBIND 1.350 UNCH 132 1.350 13.29 1.85 115.0 2.862 2.160 2.630 2.620 7229 FAVCO 2.620 UNCH 55.1 2.623 7.67 5.73 580.1 0.800 0.495 0.630 0.615 149 FIBON 0.630 0.005 64 0.621 14.35 1.98 61.7 2.274 1.906 2.160 2.160 3107 FIMACOR 2.160 UNCH 7.1 2.160 16.04 5.79 529.8 1.870 1.436 1.540 1.520 5197 FLBHD 1.520 0.010 122 1.524 7.66 9.87 156.9 1.430 1.330 1.430 1.400 3611 GBH 1.430 0.070 20 1.415 95.33 — 266.9 2.590 1.450 2.400 2.400 7197 GESHEN 2.400 UNCH 15 2.400 10.23 — 192.0 0.085 0.040 0.050 0.050 5220 GLOTEC 0.050 -0.005 4569.3 0.050 — — 269.1 0.735 0.185 0.200 0.200 7192 GOODWAY 0.200 -0.010 2.5 0.200 — — 22.1 0.135 0.085 0.100 0.100 7096 GPA 0.100 UNCH 52 0.100 17.54 — 98.0 0.425 0.255 0.355 0.285 5649 GPHAROS 0.355 0.075 3477 0.322 — — 47.8 0.245 0.185 0.195 0.195 136 GREENYB 0.195 UNCH 70 0.195 37.50 3.08 65.1 0.145 0.085 0.110 0.105 7077 GSB 0.105 -0.010 1640 0.109 — — 55.4 1.005 0.760 0.780 0.760 3247 GUH 0.770 -0.010 278.8 0.764 17.87 4.38 214.0 1.180 0.235 — — 5151 HALEX 0.895 — — — — — 94.9 7.367 4.369 6.630 6.480 5168 HARTA 6.500 0.020 2471.4 6.525 33.05 1.31 10,726.3 1.390 0.829 1.310 1.260 7105 HCK 1.310 UNCH 73.2 1.270 727.78 — 551.7 8.680 1.990 8.180 7.950 4324 HENGYUAN 8.030 -0.080 778.1 8.027 4.91 — 2,409.0 1.757 1.128 1.590 1.560 5095 HEVEA 1.560 -0.020 572.7 1.566 8.92 4.74 869.8 1.200 0.863 0.930 0.925 3298 HEXZA 0.930 UNCH 60 0.927 8.38 4.84 186.4 0.450 0.270 0.430 0.415 5072 HIAPTEK 0.420 UNCH 10047.3 0.423 14.14 0.71 552.7 0.700 0.190 0.665 0.620 5199 HIBISCS 0.630 0.015 191533 0.641 8.16 — 948.7 1.276 0.844 1.240 1.150 7033 HIGHTEC 1.240 0.160 21.3 1.183 8.40 2.82 50.4 1.226 0.785 1.080 1.050 8443 HIL 1.080 -0.020 38.3 1.070 20.11 1.39 301.0 0.405 0.270 — — 5165 HOKHENG 0.320 — — — 22.70 — 25.6 0.270 0.020 0.230 0.200 2739 HUAAN 0.205 -0.025 61506.2 0.214 — — 230.1 3.206 2.130 2.670 2.580 5000 HUMEIND 2.670 UNCH 40.6 2.648 68.46 0.75 1,279.2 0.075 0.045 0.055 0.050 9601 HWGB 0.055 0.005 174.2 0.050 — — 54.9 0.890 0.595 0.785 0.785 9687 IDEAL 0.785 -0.005 15.9 0.785 5.12 — 86.7 2.070 1.690 1.830 1.830 7222 IMASPRO 1.830 -0.020 42.7 1.830 25.56 1.91 146.4 0.300 0.160 0.190 0.185 7183 IRETEX 0.190 -0.005 20.1 0.185 — — 26.2 0.085 0.050 0.055 0.055 7223 JADI 0.055 -0.005 1050 0.055 — — 51.8 0.175 0.135 0.145 0.145 8648 JASKITA 0.145 UNCH 40 0.145 — 6.90 65.2 0.110 0.030 — — 2747 JAVA 0.035 — — — — — 6.1 1.120 0.892 1.090 1.080 7043 JMR 1.080 -0.020 29.9 1.087 327.2 2.78 136.9 1.729 0.825 1.350 1.330 7167 JOHOTIN 1.330 -0.020 402.5 1.337 7.04 2.44 375.0 1.460 1.000 1.080 1.060 4383 JTIASA 1.060 -0.030 318.2 1.067 88.33 1.23 1,032.1 0.310 0.160 0.260 0.255 54 KARYON 0.255 -0.005 841.9 0.256 27.42 — 121.3 0.870 0.680 0.800 0.790 7199 KEINHIN 0.790 UNCH 11.4 0.790 11.10 1.90 78.2 0.500 0.305 0.305 0.305 6211 KIALIM 0.305 UNCH 1 0.305 — — 18.9 3.060 2.733 3.010 2.990 3522 KIANJOO 3.000 0.010 220.1 3.001 12.02 1.33 1,332.5 2.363 1.511 1.780 1.760 5371 KIMHIN 1.780 0.040 24.1 1.764 8.68 3.37 277.0 0.075 0.025 0.040 0.035 5060 KINSTEL 0.035 -0.005 295 0.036 — — 36.7 1.470 0.865 0.875 0.870 9466 KKB 0.870 -0.005 195 0.873 — 4.60 224.3 0.425 0.220 0.285 0.275 7164 KNM 0.280 -0.005 32584.8 0.280 — — 603.7 1.129 0.845 0.850 0.845 6971 KOBAY 0.845 -0.005 45.5 0.849 16.10 — 86.3 0.367 0.240 0.250 0.245 7017 KOMARK 0.250 UNCH 454.8 0.246 — — 31.2 7.360 5.565 6.680 6.630 7153 KOSSAN 6.670 -0.050 208.5 6.654 25.56 1.65 4,265.3 1.110 0.345 0.805 0.785 7130 KPOWER 0.785 -0.020 43 0.796 — — 54.3 5.140 4.624 4.960 4.930 3476 KSENG 4.940 UNCH 28.7 4.944 16.53 2.02 1,785.7 0.580 0.365 0.490 0.485 5192 KSSC 0.490 -0.005 55 0.490 10.77 3.06 47.0 0.775 0.295 0.635 0.580 8362 KYM 0.610 0.005 70.8 0.596 23.37 — 91.4 8.400 5.060 6.720 6.650 3794 LAFMSIA 6.700 0.050 1924.4 6.698 — 2.99 5,693.0 0.940 0.570 0.840 0.830 9326 LBALUM 0.835 -0.005 1370 0.834 11.55 2.99 207.5 0.608 0.444 0.485 0.465 5092 LCTH 0.470 -0.005 151.5 0.470 13.91 5.32 169.2 6.530 4.140 5.340 5.250 5284 LCTITAN 5.250 UNCH 2304.9 5.286 8.15 — 12,115.9 0.910 0.422 0.855 0.830 5232 LEONFB 0.835 -0.020 1942.3 0.840 4.77 1.80 258.9 0.440 0.100 0.280 0.275 8745 LEWEKO 0.280 UNCH 552.2 0.279 — — 90.1 0.080 0.025 0.060 0.055 2887 LIONDIV 0.055 UNCH 700 0.057 — — 76.6 1.480 0.355 1.360 1.280 4235 LIONIND 1.340 0.010 6195.2 1.313 8.70 — 962.0 0.740 0.350 0.665 0.635 9881 LSTEEL 0.640 -0.025 1524.8 0.644 8.91 — 81.9 0.160 0.050 0.135 0.130 5068 LUSTER 0.130 UNCH 2377 0.130 — — 256.9 3.890 3.336 3.640 3.610 9199 LYSAGHT 3.610 -0.030 17.4 3.635 9.14 1.94 150.1 1.690 0.645 1.530 1.450 5098 MASTEEL 1.470 -0.050 4394 1.474 11.69 — 380.7 0.841 0.467 0.660 0.655 7029 MASTER 0.655 -0.005 144.5 0.655 9.89 1.53 35.8 1.200 0.948 1.200 1.140 5152 MBL 1.180 0.060 1889.9 1.167 8.56 3.39 108.6 0.870 0.618 — — 7004 MCEHLDG 0.800 — — — 21.00 1.88 35.5 0.660 0.250 0.290 0.285 3778 MELEWAR 0.290 0.005 32 0.287 — — 65.4 0.789 0.478 0.660 0.640 5223 MENTIGA 0.660 -0.005 10.5 0.659 507.69 1.52 46.2 1.426 1.110 1.320 1.280 8192 MERCURY 1.320 0.050 29.9 1.310 4.35 9.09 53.0 1.837 1.596 1.730 1.730 6149 METROD 1.730 0.080 5.2 1.730 12.58 3.47 207.6 1.220 0.337 1.150 1.100 5001 MIECO 1.110 -0.030 1159.5 1.117 8.37 3.60 582.8 0.170 0.075 0.155 0.145 7219 MINETEC 0.150 -0.005 6764.5 0.150 — — 109.7 0.700 0.505 0.520 0.520 5576 MINHO 0.520 0.005 4 0.520 8.71 — 114.2 4.403 3.207 — — 5916 MSC 3.710 — — — 8.98 2.16 371.0 1.775 1.373 1.410 1.380 3883 MUDA 1.380 -0.020 309.9 1.397 17.25 2.17 421.0 1.200 0.720 0.795 0.765 5087 MYCRON 0.785 UNCH 1018.9 0.773 6.56 — 222.6 0.240 0.035 — — 7002 NAKA 0.180 — — — — — 10.0 0.315 0.145 0.160 0.160 5025 NWP 0.160 UNCH 96 0.160 — — 57.8 1.190 0.535 0.945 0.940 4944 NYLEX 0.945 UNCH 105.6 0.942 8.91 2.12 183.6 1.970 1.125 1.720 1.660 7140 OKA 1.680 -0.040 446.4 1.693 9.42 3.27 274.4 1.510 0.865 1.400 1.380 5065 ORNA 1.390 -0.010 201.9 1.394 8.80 2.16 104.6 0.085 0.050 — — 7225 PA 0.055 — — — — — 52.1 7.670 6.318 7.430 7.320 5183 PCHEM 7.350 0.050 6202.5 7.363 14.32 3.27 58,800.0 1.991 1.450 1.520 1.520 5271 PECCA 1.520 UNCH 3 1.520 19.46 2.63 285.8 0.801 0.585 0.600 0.600 9997 PENSONI 0.600 UNCH 78.1 0.600 12.24 5.00 77.8 7.901 5.700 5.880 5.740 5436 PERSTIM 5.750 -0.030 10.6 5.772 10.35 6.96 571.0 21.740 17.797 18.560 18.100 6033 PETGAS 18.440 0.420 333.5 18.410 20.54 3.52 36,487.8 10.400 3.883 10.380 10.240 3042 PETRONM 10.300 UNCH 257.5 10.324 7.75 2.14 2,781.0 2.466 1.595 2.280 2.230 7095 PIE 2.230 -0.010 146.1 2.247 17.08 1.08 856.4 2.960 1.271 2.950 2.880 7172 PMBTECH 2.920 0.070 139.9 2.917 20.17 1.37 233.6 3.820 2.516 3.760 3.710 8869 PMETAL 3.730 -0.010 5294.1 3.736 25.51 1.47 13,942.5 0.575 0.450 — — 6637 PNEPCB 0.535 — — — 17.31 — 70.4 0.995 0.270 0.385 0.375 8117 POLY 0.380 -0.010 133.8 0.377 1.92 — 60.8 0.973 0.536 0.760 0.750 8273 PPHB 0.750 -0.010 103.3 0.757 8.21 — 141.3 0.365 0.250 — — 9458 PREMIER 0.275 — — — 343.7 — 92.7 1.480 0.569 1.380 1.360 9873 PRESTAR 1.380 UNCH 658 1.372 5.88 2.17 280.3 1.110 0.635 1.010 1.010 7168 PRG 1.010 UNCH 81.5 1.010 89.38 0.50 303.7 0.330 0.085 0.265 0.245 7123 PWORTH 0.260 0.020 36718.3 0.255 40.63 — 242.0 1.350 1.070 — — 7544 QUALITY 1.090 — — — — — 63.2 0.800 0.510 — — 7498 RALCO 0.530 — — — — — 22.2 5.840 5.310 — — 7765 RAPID 5.640 — — — 772.6 — 602.9 0.745 0.285 0.395 0.375 5256 REACH 0.375 -0.005 4927.2 0.383 8.80 — 411.2 0.655 0.390 0.410 0.400 7232 RESINTC 0.410 -0.005 110.5 0.407 6.80 2.93 56.3 1.410 0.595 1.360 1.300 9741 ROHAS 1.330 -0.030 824.9 1.341 — — 531.8 0.834 0.705 0.725 0.720 7803 RUBEREX 0.720 UNCH 35.5 0.721 8.67 1.74 181.6 5.194 3.759 4.610 4.610 5134 SAB 4.610 -0.010 2 4.610 13.34 1.08 631.3 8.490 4.773 6.720 6.720 9822 SAM 6.720 UNCH 4.1 6.720 19.47 1.53 846.1 0.979 0.826 0.900 0.880 7811 SAPIND 0.880 -0.025 21.5 0.899 10.40 6.82 64.0

* 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 4 TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY



1.266 0.984 1.020 1.010 5170 SCABLE 1.020 -0.010 32 1.015 19.28 2.94 323.4 3.426 2.811 2.950 2.850 7247 SCGM 2.920 0.060 170.7 2.870 21.49 2.05 565.3 0.740 0.510 0.620 0.590 9237 SCIB 0.620 UNCH 3 0.610 17.46 — 50.1 9.850 5.968 8.720 8.590 4731 SCIENTX 8.590 UNCH 192.8 8.620 15.68 1.86 4,153.8 0.345 0.250 0.300 0.300 7239 SCNWOLF 0.300 UNCH 2.4 0.300 — — 26.3 0.525 0.140 0.330 0.315 7366 SCOMIEN 0.315 -0.010 201.6 0.327 — — 107.8 1.660 0.660 0.945 0.925 7073 SEACERA 0.925 -0.020 1563.4 0.933 50.27 — 320.1 0.230 0.130 0.160 0.145 5145 SEALINK 0.145 -0.015 30.1 0.150 — — 72.5 0.765 0.250 — — 5163 SEB 0.545 — — — 8.92 — 43.6 1.410 0.388 0.940 0.880 5181 SIGGAS 0.880 -0.065 4108.7 0.900 41.71 1.36 165.0 1.040 0.595 — — 7115 SKBSHUT 0.760 — — — 13.40 — 30.4 1.550 1.240 1.510 1.480 7155 SKPRES 1.500 UNCH 4073.7 1.495 14.96 2.77 1,875.3 2.225 1.820 1.880 1.880 7248 SLP 1.880 -0.020 23.6 1.880 23.24 1.96 595.9 0.700 0.530 — — 7132 SMISCOR 0.550 — — — — — 24.6 2.580 1.021 2.300 2.200 5665 SSTEEL 2.260 -0.070 1014.3 2.254 10.22 1.33 973.9 0.300 0.065 — — 7143 STONE 0.245 — — — — — 22.0 1.550 1.230 — — 6904 SUBUR 1.300 — — — — — 271.7 4.320 1.682 3.300 3.250 7207 SUCCESS 3.300 -0.020 85.6 3.280 8.17 1.52 404.9 2.960 1.764 2.850 2.790 7235 SUPERLN 2.790 -0.040 294.6 2.812 18.67 0.99 446.4 2.324 1.710 1.750 1.710 7106 SUPERMX 1.720 -0.030 1253.5 1.732 16.48 1.45 1,169.9 4.153 3.292 3.680 3.610 5012 TAANN 3.680 UNCH 71.3 3.674 10.44 4.08 1,637.0 0.510 0.350 0.365 0.360 4022 TADMAX 0.365 UNCH 132.9 0.365 — — 196.6 0.415 0.235 0.305 0.295 5149 TAS 0.300 -0.010 127.4 0.299 — — 54.0 14.282 11.949 12.700 12.680 4448 TASEK 12.680 -0.040 1.6 12.68 104.71 9.46 1,567.5 0.290 0.100 0.165 0.160 5178 TATGIAP 0.165 0.005 57 0.160 — — 25.6 1.380 0.300 1.380 1.330 7097 TAWIN 1.340 0.010 1268.2 1.348 11.80 — 86.1 2.920 1.050 1.560 1.530 7439 TECGUAN 1.560 -0.050 5.1 1.532 8.93 — 62.6 4.803 3.817 4.050 4.030 7034 TGUAN 4.040 -0.010 99.5 4.036 8.44 2.97 535.3 2.166 1.600 1.710 1.700 7374 TIENWAH 1.700 -0.010 129.9 1.708 6.98 5.88 246.1 0.800 0.560 — — 7854 TIMWELL 0.630 — — — 143.18 — 56.1 1.069 0.589 0.950 0.945 7285 TOMYPAK 0.945 -0.005 153.5 0.945 15.62 3.39 396.3 3.780 1.749 3.580 3.540 5010 TONGHER 3.550 -0.060 55.5 3.551 10.27 8.45 558.9 5.878 4.512 5.500 5.390 7113 TOPGLOV 5.400 -0.100 987 5.418 22.60 2.69 6,784.0 0.850 0.495 0.700 0.700 7173 TOYOINK 0.700 -0.005 1 0.700 — — 74.9 0.230 0.145 — — 4359 TURIYA 0.200 — — — — — 45.7 2.760 1.528 2.700 2.550 7100 UCHITEC 2.620 -0.080 2403.1 2.617 18.44 4.96 1,166.2 4.930 3.310 4.270 4.250 7133 ULICORP 4.270 UNCH 702 4.270 21.61 2.81 620.0 1.367 1.150 — — 7227 UMSNGB 1.180 — — — 8.93 2.54 94.4 1.680 0.700 0.785 0.750 4995 VERSATL 0.750 -0.030 425.9 0.759 94.94 — 88.0 2.670 1.277 2.670 2.570 6963 VS 2.670 0.090 3931.9 2.648 24.10 1.81 3,230.9 1.030 0.750 0.995 0.990 5142 WASEONG 0.990 -0.005 354.4 0.991 — 0.51 767.1 0.485 0.345 — — 7226 WATTA 0.390 — — — — — 32.9 2.170 1.471 1.910 1.900 7111 WEIDA 1.910 0.010 176 1.907 18.45 1.57 254.7 1.537 1.139 1.420 1.380 7231 WELLCAL 1.400 -0.010 537.7 1.399 20.29 4.39 697.1 0.525 0.229 0.355 0.340 6378 WMG 0.355 UNCH 64.8 0.352 — — 151.3 0.845 0.600 0.780 0.770 7050 WONG 0.770 -0.005 255 0.779 140.0 — 70.6 0.700 0.475 — — 7025 WOODLAN 0.610 — — — 16.94 — 24.4 2.084 1.836 — — 5009 WTHORSE 1.970 — — — 20.82 5.08 472.8 1.096 0.760 0.785 0.765 4243 WTK 0.770 -0.020 674.5 0.775 — 2.60 370.6 1.380 0.953 1.090 1.080 7245 WZSATU 1.090 -0.010 55 1.080 12.47 1.83 380.3 0.865 0.720 — — 5048 YILAI 0.770 — — — 3850.0 — 123.2 0.400 0.185 0.200 0.195 7020 YKGI 0.200 UNCH 49 0.197 — — 69.7 0.700 0.380 — — 7014 YLI 0.460 — — — 11.62 1.09 47.4CONSTRUCTION 1.189 0.728 1.090 1.070 5281 ADVCON 1.080 UNCH 766.8 1.078 15.15 — 434.2 0.750 0.280 — — 7007 ARK 0.410 — — — — — 20.0 1.200 0.600 1.140 1.130 7078 AZRB 1.140 UNCH 7 1.139 14.67 1.32 606.0 0.793 0.581 0.620 0.615 6173 BDB 0.620 0.005 48 0.617 6.33 7.26 188.4 0.625 0.351 0.435 0.420 5190 BENALEC 0.420 -0.010 1259.6 0.426 30.00 1.67 341.0 0.510 0.325 0.360 0.355 5932 BPURI 0.355 UNCH 127.2 0.356 101.43 — 94.8 1.090 0.777 1.090 1.030 8761 BREM 1.080 0.050 4577.3 1.057 52.43 1.39 373.1 1.220 0.849 1.070 1.040 8591 CRESBLD 1.050 -0.010 463.4 1.057 8.72 3.81 185.8 2.086 1.437 — — 7528 DKLS 1.800 — — — 3.45 1.67 166.9 3.210 1.514 3.010 2.900 5253 ECONBHD 2.990 0.070 2025.8 2.966 19.81 1.51 1,599.7 1.520 0.985 1.110 1.080 8877 EKOVEST 1.090 -0.010 2610.2 1.094 21.04 1.10 2,331.7 1.010 0.487 0.885 0.860 7047 FAJAR 0.860 -0.020 701.5 0.868 8.03 2.91 316.7 1.370 0.885 1.230 1.220 9261 GADANG 1.220 -0.010 2115.6 1.223 9.15 2.30 802.6 5.459 4.541 5.360 5.280 5398 GAMUDA 5.290 -0.070 6673.9 5.300 19.67 2.27 12,980.1 1.740 0.815 1.700 1.640 5226 GBGAQRS 1.680 0.040 2473.5 1.680 18.24 — 722.4 0.920 0.695 0.700 0.695 5169 HOHUP 0.695 -0.005 456.2 0.698 5.06 — 260.5 1.766 1.430 1.470 1.470 6238 HSL 1.470 0.010 3 1.470 16.54 1.63 856.5 3.557 2.998 3.380 3.350 3336 IJM 3.350 -0.030 507.3 3.354 18.19 2.24 12,153.7 0.740 0.561 0.640 0.630 5268 IKHMAS 0.630 -0.005 117 0.633 121.15 0.79 334.1 0.360 0.280 0.295 0.290 192 INTA 0.290 -0.005 465.5 0.294 0.36 — 155.2 0.710 0.510 — — 8834 IREKA 0.600 — — — — — 102.5 1.790 0.975 1.310 1.270 4723 JAKS 1.300 UNCH 2142.2 1.284 — — 626.9 0.500 0.210 0.305 0.290 9083 JETSON 0.300 UNCH 205 0.294 — — 62.0 3.910 1.996 3.700 3.640 7161 KERJAYA 3.700 0.030 194 3.669 16.70 1.49 2,083.1 2.380 1.890 2.200 2.200 5171 KIMLUN 2.200 UNCH 113.4 2.200 9.67 2.95 703.2 1.540 1.010 — — 9628 LEBTECH 1.500 — — — 58.59 — 204.7 1.240 0.684 — — 5129 MELATI 0.825 — — — 6.71 2.12 99.0 0.575 0.240 0.350 0.350 5006 MERGE 0.350 UNCH 20 0.350 250.0 — 23.5 1.407 1.050 1.070 1.050 9571 MITRA 1.050 -0.020 563 1.054 6.26 4.76 724.0 1.350 0.740 1.300 1.270 7595 MLGLOBAL 1.300 0.020 499.1 1.291 23.38 — 513.0 0.440 0.270 0.310 0.310 5924 MTDACPI 0.310 0.005 25 0.310 — — 71.8 1.670 0.725 1.070 1.050 5085 MUDAJYA 1.070 UNCH 599.8 1.068 — — 591.1 2.980 2.046 2.810 2.760 5703 MUHIBAH 2.760 -0.090 1.9 2.782 10.86 1.99 1,330.6 0.724 0.394 0.555 0.540 8311 PESONA 0.540 -0.015 401 0.548 17.53 3.70 360.3 2.490 1.132 2.060 2.030 7055 PLB 2.050 -0.020 14 2.044 60.12 0.49 187.1 1.273 0.924 1.080 1.060 5070 PRTASCO 1.060 -0.030 199.5 1.068 17.35 5.66 450.2 0.215 0.095 0.135 0.135 7145 PSIPTEK 0.135 UNCH 791 0.135 13.78 — 47.1 4.270 3.135 3.850 3.830 9598 PTARAS 3.840 -0.010 11.5 3.848 17.30 5.21 633.5 1.390 0.455 0.880 0.835 5205 SENDAI 0.840 -0.040 3987.6 0.855 — 0.60 654.0 2.379 1.513 2.280 2.250 5263 SUNCON 2.260 0.010 965.6 2.261 21.71 2.43 2,922.0 0.415 0.255 0.290 0.280 9717 SYCAL 0.280 -0.010 439.1 0.284 16.77 — 89.7 0.860 0.364 0.835 0.810 5054 TRC 0.820 -0.005 1281.6 0.817 10.19 2.32 394.0 2.320 1.500 1.890 1.870 5622 TRIPLC 1.870 -0.060 74.7 1.879 11.90 — 128.3 0.825 0.430 0.590 0.580 5042 TSRCAP 0.580 -0.040 58 0.583 9.56 — 101.2 0.165 0.110 0.155 0.145 7070 VIZIONE 0.150 UNCH 10519.5 0.149 136.36 — 131.2 1.680 0.890 1.260 1.250 3565 WCEHB 1.250 -0.010 148 1.251 32.72 — 1,253.4 2.467 1.575 1.750 1.720 9679 WCT 1.720 -0.030 316.7 1.729 27.04 1.73 2,434.5 0.670 0.535 0.565 0.550 7028 ZECON 0.565 0.015 31.5 0.560 4.80 — 69.5 0.190 0.100 0.130 0.125 2283 ZELAN 0.125 UNCH 472.4 0.125 — — 105.6TRADING SERVICES 0.550 0.350 0.385 0.375 5238 AAX 0.375 -0.005 10320.1 0.379 18.29 — 1,555.6 0.250 0.135 0.175 0.170 5166 AEGB 0.175 0.005 554.1 0.173 — — 71.7 2.891 1.980 2.060 2.040 6599 AEON 2.040 -0.010 96.5 2.048 35.85 1.47 2,864.2 0.435 0.160 0.325 0.310 7315 AHB 0.315 -0.010 424.4 0.316 10.79 — 50.4 3.530 2.014 3.530 3.440 5099 AIRASIA 3.530 0.120 15645.7 3.506 6.70 5.10 11,797.2 9.336 5.838 8.710 8.540 5014 AIRPORT 8.600 -0.040 4440 8.626 124.1 1.28 14,269.0 0.370 0.110 0.230 0.210 5115 ALAM 0.215 0.005 16293.7 0.219 — — 198.8 0.270 0.070 0.090 0.090 159 AMEDIA 0.090 0.005 110 0.090 — — 21.6 8.276 7.002 7.490 7.300 6351 AMWAY 7.300 -0.100 5.6 7.375 21.96 2.74 1,200.0 2.378 2.133 2.190 2.160 7083 ANALABS 2.170 -0.100 53.6 2.170 11.29 1.50 130.3 0.085 0.015 0.025 0.020 5194 APFT 0.025 0.005 2854.1 0.022 — — 31.0 0.825 0.500 0.755 0.735 5210 ARMADA 0.740 -0.010 4690.4 0.747 — 1.11 4,341.0 0.220 0.100 0.145 0.145 1481 ASB 0.145 UNCH 28 0.145 34.52 1.72 98.2 2.863 2.466 2.810 2.740 6399 ASTRO 2.810 0.060 2537.9 2.793 19.80 4.09 14,638.8 4.836 4.000 4.270 4.150 7048 ATLAN 4.270 -0.050 11 4.161 21.54 3.75 1,083.1 0.360 0.305 0.325 0.325 8885 AVI 0.325 0.005 15 0.325 — — 279.0 1.180 0.739 1.050 1.030 7579 AWC 1.050 -0.010 371.8 1.043 12.70 1.43 280.7 5.425 4.085 5.150 5.040 6888 AXIATA 5.120 0.040 8396.6 5.110 77.11 1.56 46,071.2 0.653 0.272 0.520 0.505 5021 AYS 0.510 -0.010 1237.2 0.509 8.37 4.90 194.0 0.740 0.430 0.510 0.495 7251 BARAKAH 0.505 0.005 1091.6 0.503 — — 416.9 2.209 1.840 2.080 2.030 5248 BAUTO 2.050 -0.030 1134.5 2.057 24.35 4.95 2,366.9 0.495 0.365 0.420 0.405 7241 BHS 0.405 -0.010 334 0.412 — — 185.6 0.280 0.170 0.175 0.170 6998 BINTAI 0.175 UNCH 138.1 0.172 — — 50.7 6.523 5.750 5.890 5.750 5032 BIPORT 5.750 -0.150 14.7 5.791 17.16 3.83 2,645.0 2.760 1.577 2.270 2.180 5275 BISON 2.200 UNCH 775.1 2.220 34.54 0.91 682.2 0.410 0.306 0.345 0.335 3395 BJCORP 0.340 UNCH 4717.6 0.340 11.97 — 1,674.0 1.956 1.380 1.550 1.490 5196 BJFOOD 1.490 -0.060 81.6 1.501 47.45 — 568.2 0.700 0.395 0.400 0.400 4219 BJLAND 0.400 0.005 337.5 0.400 6.77 — 2,000.1 0.470 0.205 — — 6025 BJMEDIA 0.320 — — — — — 75.2 3.258 2.250 2.450 2.380 1562 BJTOTO 2.420 0.060 2355.6 2.424 12.91 5.79 3,269.5 0.135 0.092 0.100 0.095 7036 BORNOIL 0.100 0.005 35404.3 0.100 10.87 — 455.7 0.875 0.505 0.595 0.580 9474 BRAHIMS 0.585 -0.005 147.5 0.592 — — 138.2 2.850 2.482 2.840 2.760 2771 BSTEAD 2.840 -0.010 968 2.811 23.65 4.93 5,756.6 0.505 0.280 0.505 0.435 5257 CARIMIN 0.435 -0.060 7809.8 0.471 — — 101.7 1.990 1.300 — — 5245 CARING 1.710 — — — 28.36 0.88 372.3 3.397 2.130 2.250 2.250 2925 CCB 2.250 -0.030 11 2.250 11.81 2.22 226.7 1.440 0.835 1.160 1.150 7117 CENTURY 1.160 UNCH 234 1.153 24.68 2.59 455.6 0.535 0.385 0.475 0.475 7209 CHEETAH 0.475 UNCH 1.6 0.475 31.25 1.58 60.6 1.490 0.832 1.320 1.310 5273 CHINHIN 1.310 UNCH 667.8 1.318 15.96 3.05 711.2 0.675 0.417 0.535 0.530 7016 CHUAN 0.530 -0.005 73.4 0.531 11.91 3.40 89.4 0.100 0.065 0.075 0.070 5104 CNI 0.075 UNCH 97.6 0.070 — — 54.0 1.240 0.650 0.760 0.740 5136 COMPLET 0.760 0.015 2.3 0.743 12.67 — 94.1 0.040 0.020 0.025 0.020 5037 COMPUGT 0.025 -0.005 2850.1 0.025 — — 53.4 2.820 1.936 2.460 2.450 5184 CYPARK 2.460 0.010 533.9 2.460 12.61 2.11 642.0 0.865 0.482 0.590 0.570 5276 DANCO 0.585 0.015 2391.2 0.580 14.55 2.56 174.3 0.105 0.050 0.085 0.080 91 DAYA 0.080 UNCH 24477.4 0.080 — — 152.8 1.290 0.730 1.050 0.995 5141 DAYANG 1.000 -0.040 1533.8 1.007 — — 964.8 1.112 0.746 0.940 0.910 5132 DELEUM 0.930 0.030 2502.5 0.928 17.51 3.49 372.2 0.890 0.560 0.595 0.580 7212 DESTINI 0.585 UNCH 1471.7 0.586 20.10 — 675.8 2.110 1.426 2.060 1.990 7277 DIALOG 1.990 -0.010 13755.3 2.005 28.97 1.21 11,226.9 6.537 4.312 — — 5908 DKSH 4.750 — — — 16.58 2.00 748.9 0.683 0.219 0.495 0.475 4456 DNEX 0.480 -0.010 13864.2 0.485 12.18 1.04 841.9 1.591 1.040 1.240 1.210 5216 DSONIC 1.230 0.010 1813.1 1.229 29.15 3.25 1,660.5 0.295 0.155 0.165 0.165 2097 EASTLND 0.165 -0.005 25 0.165 — — 40.5 0.790 0.350 0.560 0.510 5259 EATECH 0.535 0.025 13325.5 0.540 — 4.21 269.6 0.370 0.200 0.220 0.220 5036 EDARAN 0.220 -0.010 13.2 0.220 — — 13.2 0.290 0.165 0.195 0.190 7471 EDEN 0.195 UNCH 38.5 0.194 — — 60.7 3.313 2.213 2.680 2.640 1368 EDGENTA 2.670 0.020 235.7 2.656 18.16 3.00 2,220.4 0.590 0.220 0.355 0.350 64 EFFICEN 0.355 0.005 410.9 0.351 — — 251.7 0.976 0.758 — — 5081 EIG 0.830 — — — 17.44 3.61 196.9 2.087 1.090 1.760 1.760 5208 EITA 1.760 UNCH 5 1.760 11.70 2.27 228.8

1.508 1.102 1.190 1.160 5056 ENGTEX 1.170 -0.030 818.5 1.172 6.72 0.85 444.2 0.624 0.370 0.520 0.520 6939 FIAMMA 0.520 UNCH 78.2 0.520 10.51 2.88 275.6 0.440 0.355 0.380 0.375 9318 FITTERS 0.380 -0.005 103 0.380 — — 182.6 1.468 1.084 1.270 1.270 7210 FREIGHT 1.270 -0.010 78.2 1.270 10.88 3.94 236.4 0.419 0.133 0.380 0.370 128 FRONTKN 0.380 0.005 10007.5 0.375 14.62 1.32 400.3 0.295 0.150 — — 9377 FSBM 0.240 — — — — — 33.9 3.054 2.352 2.870 2.810 5209 GASMSIA 2.820 -0.040 310.6 2.837 21.56 4.56 3,620.9 0.820 0.615 0.645 0.625 78 GDEX 0.625 -0.005 3131.5 0.629 93.28 0.40 3,485.1 6.259 4.292 5.630 5.510 4715 GENM 5.530 -0.070 5486.9 5.553 11.34 1.84 32,837.4 9.960 7.382 9.860 9.740 3182 GENTING 9.760 0.010 1204 9.768 13.13 1.18 37,528.1 0.330 0.185 0.230 0.225 5079 GETS 0.225 -0.010 110 0.225 — — 28.4 3.120 2.730 3.070 2.920 3204 GKENT 2.940 -0.130 1344.1 2.987 15.81 2.27 1,656.0 0.555 0.300 0.405 0.400 7676 GUNUNG 0.400 -0.015 418.8 0.400 — — 94.5 5.000 2.116 5.000 4.930 7668 HAIO 4.950 0.040 289.1 4.957 24.11 2.89 1,480.3 0.335 0.200 0.240 0.230 7253 HANDAL 0.235 -0.010 527.3 0.236 — — 37.6 9.350 7.192 9.090 9.010 3034 HAPSENG 9.050 0.030 169.3 9.064 21.29 3.87 22,531.6 0.955 0.660 0.685 0.685 2062 HARBOUR 0.685 -0.005 10 0.685 10.22 2.92 274.3 4.077 2.947 — — 5008 HARISON 3.980 — — — 12.34 6.28 272.6 1.210 0.386 1.160 1.130 185 HSSEB 1.140 -0.010 1461.8 1.148 23.95 0.55 363.8 0.150 0.050 0.085 0.075 7013 HUBLINE 0.085 0.005 51766 0.080 35.42 — 106.4 0.480 0.210 0.290 0.265 5255 ICON 0.265 -0.005 8204.1 0.277 — — 312.0 6.567 5.512 5.850 5.740 5225 IHH 5.820 0.020 1377.3 5.814 52.24 0.52 47,951.6 0.920 0.705 — — 5614 ILB 0.710 — — — — — 138.5 0.910 0.670 0.780 0.720 5673 IPMUDA 0.720 UNCH 2 0.723 — 4.17 52.2 2.166 1.325 1.700 1.670 58 JCBNEXT 1.670 UNCH 19 1.686 29.45 1.20 233.8 0.310 0.235 0.280 0.280 8923 JIANKUN 0.280 0.005 5 0.280 — — 46.7 0.395 0.295 — — 8672 KAMDAR 0.360 — — — — — 71.3 1.862 1.606 1.690 1.650 6491 KFIMA 1.680 -0.020 329 1.681 18.30 5.36 474.1 0.739 0.236 0.620 0.615 151 KGB 0.620 UNCH 337 0.618 12.45 1.61 142.5 1.680 1.000 — — 5035 KNUSFOR 1.150 — — — — — 114.6 1.140 0.944 1.130 1.070 5878 KPJ 1.080 UNCH 3377.2 1.084 30.86 1.62 4,623.1 1.678 1.022 1.470 1.450 5843 KPS 1.450 -0.010 366.5 1.457 1208.3 4.31 723.6 0.590 0.485 0.530 0.520 9121 KPSCB 0.530 0.005 89.2 0.525 11.45 — 78.3 0.225 0.115 0.140 0.140 4847 KTB 0.140 -0.005 42.5 0.140 — — 56.4 0.628 0.299 0.505 0.500 6874 KUB 0.500 -0.005 598.1 0.503 9.86 2.00 278.2 0.380 0.240 0.280 0.265 7170 LFECORP 0.275 0.010 1060.6 0.273 29.26 — 49.9 0.800 0.420 0.800 0.725 8486 LIONFIB 0.790 0.055 1249.4 0.776 12.21 — 182.9 0.890 0.449 0.830 0.810 5143 LUXCHEM 0.815 -0.010 915.6 0.819 14.68 2.86 688.6 2.270 1.643 1.830 1.790 3859 MAGNUM 1.790 -0.030 609.9 1.801 13.44 6.70 2,573.6 1.583 0.968 1.060 1.030 5264 MALAKOF 1.040 -0.030 3964.9 1.043 2.12 5.77 5,200.0 0.179 0.135 0.150 0.145 3514 MARCO 0.145 -0.005 1150 0.145 8.73 3.45 152.9 6.493 5.368 5.810 5.750 6012 MAXIS 5.800 0.040 3465.8 5.792 20.93 3.45 45,301.0 0.955 0.670 0.890 0.865 5077 MAYBULK 0.870 UNCH 704.4 0.876 — — 870.0 2.612 2.035 2.130 2.110 5983 MBMR 2.110 -0.020 40.1 2.119 12.80 2.13 824.8 1.313 0.655 0.775 0.750 4502 MEDIA 0.765 0.020 10655.5 0.764 — 10.46 848.5 0.668 0.475 0.495 0.490 5090 MEDIAC 0.490 -0.005 284.7 0.490 2.15 6.27 826.7 1.120 0.550 1.050 1.020 7234 MESB 1.020 -0.030 209.9 1.034 — — 42.8 4.000 1.925 3.660 3.600 3069 MFCB 3.650 -0.060 375.6 3.634 9.13 1.37 1,499.3 1.160 0.625 0.835 0.800 5186 MHB 0.815 0.020 1862.5 0.817 — — 1,304.0 7.752 6.720 7.470 7.350 3816 MISC 7.380 UNCH 924.9 7.383 17.38 1.90 32,942.8 2.606 2.130 2.200 2.130 2194 MMCCORP 2.130 -0.070 363.2 2.157 13.18 1.88 6,486.0 0.395 0.205 0.290 0.285 59 MMODE 0.290 -0.005 430.1 0.289 — 2.07 47.2 0.100 0.045 0.060 0.055 43 MTRONIC 0.060 UNCH 3205.3 0.060 — — 57.0 0.280 0.115 0.185 0.175 3891 MUIIND 0.180 0.005 6151.9 0.179 — — 527.9 3.050 1.950 2.470 2.450 3905 MULPHA 2.450 -0.040 19.1 2.456 4.99 — 783.1 2.370 2.050 2.080 2.050 138 MYEG 2.070 -0.010 8986.1 2.069 37.16 0.66 7,465.1 0.910 0.700 — — 9806 NATWIDE 0.735 — — — — — 88.4 0.140 0.055 0.070 0.065 4464 NICORP 0.065 UNCH 1714.5 0.069 5.46 — 57.0 0.828 0.631 — — 5533 OCB 0.715 — — — 14.19 1.40 73.5 0.985 0.750 0.905 0.905 172 OCK 0.905 -0.010 45 0.905 27.76 0.66 788.7 3.407 1.763 2.660 2.580 5201 OLDTOWN 2.650 0.090 1534.5 2.613 18.92 2.64 1,227.6 0.210 0.070 0.140 0.135 3018 OLYMPIA 0.135 -0.005 2338 0.135 5.04 — 138.2 2.540 1.120 1.160 1.150 5260 OWG 1.160 UNCH 253 1.155 46.77 — 298.7 0.498 0.380 0.380 0.380 8419 PANSAR 0.380 -0.005 31 0.380 22.49 2.63 106.4 0.680 0.432 0.640 0.635 5125 PANTECH 0.635 -0.005 199.3 0.638 13.20 2.71 471.9 0.810 0.510 0.610 0.550 5657 PARKSON 0.595 0.040 7047.3 0.590 — — 650.9 1.310 1.085 1.260 1.240 5041 PBA 1.250 UNCH 50.5 1.249 6.55 3.20 414.1 0.095 0.040 0.060 0.050 6254 PDZ 0.050 -0.005 10480.8 0.057 26.32 — 43.5 1.250 0.876 1.090 1.040 5133 PENERGY 1.040 -0.010 242.5 1.055 — 1.92 334.6 1.550 1.540 — — 7108 PERDANA 1.540 — — — — — 1,198.8 0.155 0.040 0.055 0.050 47 PERISAI 0.050 -0.005 4586.3 0.050 — — 63.0 0.420 0.115 0.350 0.330 7080 PERMAJU 0.340 0.005 15803.8 0.341 — — 66.6 1.770 1.510 1.650 1.600 5219 PESTECH 1.600 -0.020 172.6 1.628 12.54 — 1,221.4 25.100 22.389 24.380 24.200 5681 PETDAG 24.260 0.040 106.8 24.26 24.00 2.97 24,101.2 0.250 0.030 — — 7027 PETONE 0.055 — — — 1.61 — 2.8 5.524 4.140 4.180 4.160 7081 PHARMA 4.160 -0.020 3.6 4.177 26.51 3.61 1,080.9 0.189 0.118 0.135 0.135 7201 PICORP 0.135 UNCH 76 0.135 — 4.52 88.8 0.420 0.225 0.350 0.305 7163 PJBUMI 0.310 0.020 41.2 0.325 — — 25.4 5.665 3.578 5.350 5.320 4634 POS 5.350 UNCH 581.6 5.342 45.34 2.00 4,187.9 2.516 1.601 1.810 1.780 5204 PRESBHD 1.780 -0.040 73.1 1.794 77.39 1.83 861.5 2.220 1.410 — — 8346 PRKCORP 1.440 — — — — — 144.0 0.350 0.123 0.310 0.300 186 PTRANS 0.305 0.010 7914.5 0.303 12.35 2.39 383.5 0.914 0.790 0.805 0.805 5272 RANHILL 0.805 UNCH 41.7 0.805 11.31 9.69 715.1 0.360 0.165 0.285 0.275 37 RGB 0.280 UNCH 3957.8 0.280 13.79 2.14 374.8 0.687 0.390 0.420 0.400 8567 SALCON 0.400 -0.025 4020 0.406 — — 271.1 1.134 0.762 0.985 0.950 5147 SAMCHEM 0.970 -0.010 1931.8 0.973 16.52 3.61 263.8 0.315 0.110 0.240 0.230 9113 SANBUMI 0.235 0.005 873.4 0.237 — — 53.2 2.364 1.850 1.900 1.860 99 SCICOM 1.900 0.040 655.4 1.872 14.64 4.74 675.4 0.215 0.090 0.205 0.180 7158 SCOMI 0.185 -0.005 67618.5 0.192 — — 354.7 0.270 0.090 0.175 0.155 7045 SCOMIES 0.160 -0.010 7405.3 0.168 — — 374.7 1.160 0.950 — — 7053 SEEHUP 1.010 — — — — 7.13 52.8 0.769 0.559 0.675 0.665 9792 SEG 0.675 0.010 201.4 0.671 26.47 5.19 853.4 1.911 1.120 1.470 1.450 5250 SEM 1.470 UNCH 358.5 1.460 42.24 1.56 1,813.1 2.100 1.324 1.670 1.640 5218 SENERGY 1.660 0.010 8036.4 1.651 78.30 0.60 9,947.0 2.260 1.475 2.230 2.170 5279 SERBADK 2.210 0.060 2588.6 2.207 8.62 — 2,950.4 9.700 7.348 9.130 9.080 4197 SIME 9.100 -0.030 2661.3 9.100 31.05 2.97 61,887.6 0.749 0.600 — — 9431 SJC 0.600 — — — 32.09 1.67 24.3 1.380 1.010 1.040 1.010 5242 SOLID 1.020 -0.020 60.7 1.031 33.12 0.78 170.8 2.550 2.140 2.370 2.350 6084 STAR 2.360 UNCH 3608.8 2.360 42.07 6.36 1,743.0 3.090 2.262 2.880 2.820 9865 SUIWAH 2.880 -0.020 5 2.868 17.26 1.22 175.7 0.100 0.045 0.060 0.055 1201 SUMATEC 0.060 UNCH 2524.2 0.058 — — 232.0 4.570 2.850 4.490 4.380 5211 SUNWAY 4.400 -0.010 7654.6 4.437 14.28 1.58 9,320.2 2.257 1.865 2.100 2.080 6521 SURIA 2.080 -0.020 28.8 2.095 9.79 3.37 599.4 0.345 0.235 0.250 0.245 5173 SYSCORP 0.245 UNCH 483 0.247 51.04 — 294.0 0.490 0.285 0.405 0.390 7228 T7GLOBAL 0.390 -0.005 973 0.397 20.74 — 148.8 1.722 1.370 1.420 1.380 8524 TALIWRK 1.420 0.020 763.8 1.400 26.79 5.63 1,717.5 2.667 1.419 2.380 2.220 5140 TASCO 2.370 -0.010 50 2.289 14.95 1.90 474.0 14.800 12.832 14.520 14.380 5347 TENAGA 14.400 -0.040 11367.3 14.42 11.71 2.71 81,489.8 1.573 1.000 1.000 1.000 8702 TEXCHEM 1.000 UNCH 100 1.000 54.05 20.00 124.1 0.195 0.045 0.085 0.070 7206 THHEAVY 0.075 -0.005 3996.2 0.077 — — 84.1 6.594 5.601 6.420 6.330 4863 TM 6.390 0.020 1090.4 6.388 31.93 3.38 24,013.2 0.990 0.730 0.845 0.750 101 TMCLIFE 0.830 0.075 2745 0.792 69.17 0.14 1,441.1 1.806 1.459 1.580 1.560 8397 TNLOGIS 1.570 -0.010 255.3 1.570 9.69 1.27 719.1 1.060 0.405 0.655 0.655 7218 TOCEAN 0.655 0.005 0.2 0.655 51.57 — 26.9 1.000 0.735 0.795 0.780 5167 TURBO 0.795 0.010 30 0.789 28.19 6.29 85.9 2.892 2.400 — — 7137 UMS 2.550 — — — 16.16 2.35 103.8 0.915 0.271 0.355 0.330 5243 UMWOG 0.340 -0.005 35479 0.342 — — 2,793.3 1.294 1.020 — — 7091 UNIMECH 1.090 — — — 16.93 2.75 143.0 0.730 0.365 — — 5754 UTUSAN 0.390 — — — — — 43.2 1.980 1.280 1.410 1.390 7250 UZMA 1.390 -0.010 56 1.397 13.80 — 444.8 1.080 0.600 1.030 1.000 7240 VOIR 1.010 UNCH 443 1.008 — — 146.7 2.140 1.655 1.980 1.980 5016 WARISAN 1.980 UNCH 3.2 1.980 — 1.52 133.1 0.580 0.420 — — 7692 WIDETEC 0.500 — — — 30.30 — 22.4 4.301 3.542 3.810 3.760 5246 WPRTS 3.760 -0.010 560.8 3.776 21.52 3.48 12,821.6 1.448 1.020 1.080 1.050 5267 XINHWA 1.060 0.010 50 1.067 22.32 0.94 229.0 0.075 0.020 0.030 0.030 7122 YFG 0.030 UNCH 206.6 0.030 — — 18.3 3.680 2.794 3.550 3.520 7293 YINSON 3.520 -0.040 747.5 3.523 16.39 0.57 3,846.7 1.715 1.380 1.400 1.380 4677 YTL 1.380 -0.010 10225.7 1.385 18.06 3.62 15,056.6FINANCE 13.674 11.980 12.900 12.840 5139 AEONCR 12.860 -0.060 42.8 12.87 10.50 3.27 2,777.8 2.949 2.028 2.610 2.560 5185 AFFIN 2.560 -0.040 191.9 2.581 8.58 2.93 4,973.9 4.400 3.446 — — 2488 AFG 3.870 — — — 11.49 4.13 5,991.2 15.600 9.492 14.540 14.520 1163 ALLIANZ 14.520 -0.340 3 14.52 8.46 0.62 2,533.8 15.100 9.511 — — 1163PA ALLIANZ-PA 14.500 — — — — 0.74 1,259.3 5.551 3.754 4.500 4.370 1015 AMBANK 4.370 -0.130 4926.7 4.404 9.88 4.03 13,172.0 1.950 1.263 1.810 1.770 5088 APEX 1.770 -0.020 27.6 1.791 24.15 2.82 378.0 4.610 3.831 4.400 4.270 5258 BIMB 4.280 -0.120 10.3 4.341 12.15 3.04 7,009.5 10.760 7.782 10.000 9.900 1818 BURSA 9.970 -0.010 408.2 9.960 25.39 3.71 5,358.9 7.080 4.394 6.350 6.260 1023 CIMB 6.310 -0.040 61020.2 6.316 13.43 3.17 57,118 0.705 0.320 0.535 0.535 2143 ECM 0.535 -0.010 22.9 0.535 57.53 — 153.3 1.218 1.065 1.160 1.150 5228 ELKDESA 1.160 UNCH 90.3 1.160 11.78 5.79 338.5 16.300 12.501 15.940 15.860 5819 HLBANK 15.880 -0.020 438.5 15.88 15.15 2.58 34,423.4 10.100 7.327 — — 5274 HLCAP 9.980 — — — 30.43 1.20 2,464.0 17.735 13.892 17.160 16.880 1082 HLFG 16.940 -0.140 41.9 16.96 12.86 2.24 19,438.9 2.610 2.590 — — 6688 HWANG 2.610 — — — 18.60 1.15 666.0 1.140 0.666 1.010 0.995 3379 INSAS 1.000 0.005 876.8 0.998 3.67 1.00 693.3 0.970 0.892 0.960 0.960 3379PA INSAS-PA 0.960 0.005 0.3 0.960 — 6.25 127.3 0.395 0.150 0.310 0.300 3441 JOHAN 0.300 -0.005 3370.2 0.304 — — 186.9 0.690 0.415 0.525 0.525 6483 KENANGA 0.525 UNCH 148.2 0.525 32.21 4.29 379.3 19.302 15.252 17.680 17.600 8621 LPI 17.640 -0.060 14.6 17.65 19.66 4.65 5,856.2 0.917 0.800 0.830 0.830 1198 MAA 0.830 -0.005 103.5 0.830 8.86 10.84 227.0 3.260 2.741 3.220 3.200 1058 MANULFE 3.220 0.020 103 3.200 11.92 3.26 651.6 9.860 7.250 9.840 9.660 1155 MAYBANK 9.780 -0.070 14256.2 9.782 13.23 5.62 103,484 1.380 0.831 1.230 1.190 1171 MBSB 1.200 -0.020 5743.5 1.204 22.68 2.50 7,109.3 2.840 2.440 2.500 2.500 6459 MNRB 2.500 UNCH 193 2.500 8.56 — 799.0 1.830 1.160 1.410 1.380 5237 MPHBCAP 1.410 0.010 42.8 1.398 16.81 — 1,008.2 1.309 1.250 — — 6009 P&O 1.260 — — — 27.21 7.70 309.9 20.900 18.835 20.600 20.520 1295 PBBANK 20.600 0.020 4103.8 20.59 15.00 2.86 79,972.0 1.887 1.179 1.610 1.590 9296 RCECAP 1.600 -0.020 784.7 1.604 6.49 1.88 568.5 5.550 4.473 5.260 5.130 1066 RHBBANK 5.160 -0.120 793.7 5.163 11.70 2.33 20,691.8 0.708 0.422 0.680 0.670 4898 TA 0.675 UNCH 383.7 0.677 3.17 2.52 1,155.5 4.250 3.580 3.670 3.580 6139 TAKAFUL 3.600 -0.090 511.7 3.602 15.90 4.36 2,963.3 1.620 0.980 1.170 1.150 5230 TUNEPRO 1.150 UNCH 793.6 1.154 15.48 4.52 864.5PROPERTIES 0.852 0.713 0.800 0.790 1007 AMPROP 0.795 -0.010 40.4 0.794 46.76 3.77 483.8

MarketsB U R S A M A L A Y S I A M A I N M A R K E T


2 5




1.850 0.990 — — 5959 A&M 1.320 — — — 26.09 — 481.9 0.430 0.345 0.425 0.410 1007PA AMPROP-PA 0.425 0.005 11.4 0.423 — 4.71 123.3 0.230 0.145 0.155 0.155 4057 ASIAPAC 0.155 -0.005 599.9 0.155 13.84 — 155.8 0.550 0.420 0.445 0.445 6602 BCB 0.445 0.005 10 0.445 18.09 — 183.6 0.665 0.425 — — 9814 BERTAM 0.430 — — — 1.73 — 88.9 1.400 0.730 1.200 1.170 3239 BJASSET 1.190 -0.010 526.9 1.187 — — 1,415.1 1.500 1.040 1.280 1.280 5738 CHHB 1.280 -0.020 1 1.280 — — 352.9 1.706 1.390 — — 6718 CRESNDO 1.490 — — — 6.10 3.36 417.9 1.720 1.244 1.630 1.630 5049 CVIEW 1.630 UNCH 4 1.630 5.46 9.20 163.0 2.390 2.100 2.280 2.250 5355 DAIMAN 2.250 -0.030 10 2.256 19.98 2.44 477.4 1.040 0.500 0.570 0.535 3484 DBHD 0.565 0.030 481.3 0.563 — — 174.8 2.130 1.400 1.590 1.560 3417 E&O 1.570 -0.010 173.7 1.575 18.94 1.91 2,082.9 0.325 0.250 0.290 0.275 3557 ECOFIRS 0.290 0.005 1321.1 0.282 14.87 — 232.9 1.720 1.260 1.590 1.560 8206 ECOWLD 1.580 UNCH 2055.8 1.575 21.27 — 4,652.1 0.920 0.570 0.760 0.755 6076 ENCORP 0.760 -0.010 159.3 0.760 6.17 — 223.4 3.180 1.930 — — 8613 ENRA 2.800 — — — 33.94 1.07 381.4 1.240 0.740 1.080 1.050 6815 EUPE 1.080 0.030 165.2 1.057 — — 138.2 1.360 1.000 1.100 1.080 5283 EWINT 1.090 -0.010 508 1.088 — — 2,616.0 0.617 0.468 0.510 0.500 6041 FARLIM 0.500 -0.010 19 0.505 10.08 4.00 70.2 0.787 0.610 0.650 0.650 5020 GLOMAC 0.650 0.010 78 0.650 4.33 4.62 473.1 0.523 0.367 0.400 0.395 9962 GMUTUAL 0.395 UNCH 21 0.399 8.96 5.06 148.4 0.470 0.290 0.425 0.410 1147 GOB 0.410 -0.005 1781 0.417 8.38 1.22 186.4 1.450 1.110 1.150 1.120 1503 GUOCO 1.150 0.020 34.1 1.132 6.33 1.74 805.5 0.570 0.370 — — 7010 HOOVER 0.450 — — — 44.12 — 18.0 1.407 0.800 0.840 0.835 5062 HUAYANG 0.840 0.005 187.4 0.839 7.63 4.76 295.7 0.648 0.537 0.570 0.565 4251 IBHD 0.570 -0.005 181.7 0.569 8.10 3.30 574.5 1.050 0.755 0.860 0.860 5084 IBRACO 0.860 -0.020 5 0.860 30.50 4.07 426.9 2.938 2.318 — — 1597 IGB 2.830 — — — 9.84 3.53 3,863.8 2.312 1.798 2.050 2.040 5249 IOIPG 2.050 0.010 1526.5 2.048 11.23 2.93 11,287.6 0.620 0.370 0.395 0.390 5175 IVORY 0.390 UNCH 52.8 0.391 16.32 — 191.1 3.290 0.785 1.300 1.270 1589 IWCITY 1.280 UNCH 3449.5 1.283 — — 1,071.9 0.154 0.095 0.110 0.100 6769 JKGLAND 0.105 UNCH 469.7 0.105 15.44 2.19 238.9 0.085 0.040 0.070 0.065 3115 KBUNAI 0.070 UNCH 2335.2 0.065 15.22 — 404.4 1.100 0.798 — — 7323 KEN 0.930 — — — 4.28 2.69 178.3 1.330 0.995 1.260 1.230 5038 KSL 1.230 -0.030 354.2 1.247 4.01 — 1,276.1 0.308 0.210 0.225 0.220 3174 L&G 0.220 -0.005 2011.4 0.222 7.38 — 644.4 1.287 1.051 1.090 1.090 8494 LBICAP 1.090 UNCH 14.9 1.090 — 9.63 87.9 2.057 1.546 1.850 1.790 5789 LBS 1.800 -0.040 1041 1.801 11.20 2.22 1,221.2 0.460 0.235 0.360 0.360 3573 LIENHOE 0.360 -0.005 30 0.360 — — 130.2 1.690 0.941 1.340 1.340 7617 MAGNA 1.340 -0.040 8 1.340 67.00 4.48 448.8 1.625 1.281 1.510 1.480 8583 MAHSING 1.480 -0.010 858.6 1.488 11.09 4.39 3,578.3 1.940 0.594 1.230 1.180 6181 MALTON 1.200 UNCH 7253 1.205 9.58 2.08 633.4 2.290 1.798 2.280 2.250 5236 MATRIX 2.250 -0.020 684.7 2.266 9.00 4.89 1,662.5 1.880 1.000 1.590 1.580 7189 MBWORLD 1.590 0.010 29.5 1.584 6.61 — 250.2 1.200 0.750 0.880 0.850 5182 MCT 0.880 0.035 19 0.853 18.53 — 1,174.6 0.525 0.405 0.420 0.415 5040 MEDAINC 0.420 -0.010 293.5 0.418 37.17 — 206.9 1.020 0.680 0.915 0.890 1694 MENANG 0.910 -0.005 74.5 0.907 21.46 — 243.1 0.605 0.250 0.390 0.370 8141 MJPERAK 0.370 -0.025 1095.6 0.378 88.10 5.78 95.1 2.614 2.060 2.180 2.120 6114 MKH 2.130 -0.060 259.9 2.142 5.49 3.18 1,197.1 0.360 0.260 0.265 0.260 8893 MKLAND 0.265 -0.005 813.8 0.262 17.67 — 319.9 0.215 0.085 0.150 0.150 6548 MPCORP 0.150 -0.005 15 0.150 — — 43.1 1.761 1.080 1.130 1.080 1651 MRCB 1.080 -0.040 5907 1.099 9.06 2.55 2,368.0 1.080 0.595 — — 9539 MUH 0.610 — — — — — 34.4 0.365 0.230 0.295 0.295 3913 MUIPROP 0.295 -0.005 1010 0.295 327.7 — 225.4 1.900 1.140 1.230 1.230 5073 NAIM 1.230 UNCH 19.4 1.230 — — 307.5 2.968 2.192 — — 5827 OIB 2.520 — — — 9.48 2.78 365.1 1.679 1.322 1.610 1.580 5053 OSK 1.580 -0.030 266.6 1.590 8.97 4.75 2,216.6 1.849 1.276 1.740 1.710 1724 PARAMON 1.720 -0.010 51.4 1.724 11.27 4.94 729.8 0.695 0.445 0.620 0.615 6912 PASDEC 0.615 -0.005 160.3 0.620 — — 175.9 1.820 1.540 1.630 1.610 5075 PLENITU 1.610 -0.020 8 1.616 12.20 2.80 614.3 0.425 0.225 0.370 0.360 2208 PTGTIN 0.370 -0.010 119.2 0.368 — — 128.1 1.270 0.900 0.960 0.950 4596 SAPRES 0.955 UNCH 85.8 0.955 1.28 3.14 133.3 0.820 0.660 0.680 0.680 5207 SBCCORP 0.680 UNCH 125 0.680 — — 159.7 1.170 0.785 1.150 1.140 2224 SDRED 1.140 UNCH 321.3 1.143 8.72 2.19 485.8 0.580 0.370 0.435 0.435 4286 SEAL 0.435 0.005 50 0.435 — — 105.7 2.860 2.704 2.820 2.790 6017 SHL 2.820 0.010 9.3 2.815 8.45 7.09 682.8 0.305 0.140 0.230 0.225 4375 SMI 0.230 -0.005 146 0.230 1.61 — 48.3 1.000 0.690 0.800 0.800 5213 SNTORIA 0.800 UNCH 40 0.800 11.16 — 399.3 5.190 4.211 4.850 4.800 1783 SPB 4.800 -0.050 17.5 4.842 10.78 2.50 1,649.4 4.264 2.937 3.550 3.400 8664 SPSETIA 3.430 UNCH 2144.8 3.432 5.00 5.83 10,243.1 1.590 0.895 1.420 1.380 3743 SUNSURIA 1.390 -0.010 147 1.390 13.61 — 1,110.4 1.035 0.604 0.880 0.880 1538 SYMLIFE 0.880 -0.005 135.5 0.880 6.11 3.41 272.8 0.410 0.215 0.400 0.385 5158 TAGB 0.390 UNCH 4438.2 0.393 7.94 1.03 2,075.5 7.600 6.135 7.000 7.000 2305 TAHPS 7.000 UNCH 4 7.000 31.63 0.71 524.0 0.055 0.035 0.050 0.050 2259 TALAMT 0.050 UNCH 300 0.050 — — 211.0 1.465 1.130 1.170 1.150 5191 TAMBUN 1.160 UNCH 201 1.160 4.77 8.62 502.6 0.140 0.055 0.135 0.110 2429 TANCO 0.130 0.030 18931 0.122 — — 86.0 0.315 0.170 0.245 0.245 7889 THRIVEN 0.245 -0.005 15 0.245 — — 92.3 0.085 0.040 0.060 0.055 7079 TIGER 0.055 -0.005 10247 0.060 — — 84.2 1.930 1.380 1.420 1.380 5239 TITIJYA 1.400 -0.010 1124.1 1.396 7.16 0.36 574.0 1.044 0.925 0.950 0.930 5401 TROP 0.950 0.020 381 0.942 9.24 2.60 1,392.5 1.360 0.995 1.170 1.150 5148 UEMS 1.150 -0.010 645.4 1.153 21.30 1.39 5,218.1 2.680 2.096 2.550 2.510 5200 UOADEV 2.530 UNCH 709.7 2.530 6.12 5.93 4,387.6 0.525 0.229 0.355 0.340 6378 WMG 0.355 UNCH 64.8 0.352 — — 151.3 1.279 0.866 — — 7003 Y&G 0.955 — — — 14.71 — 190.4 1.630 1.330 1.400 1.390 3158 YNHPROP 1.400 UNCH 210.1 1.400 21.94 — 740.6 1.620 1.070 1.620 1.540 7066 YONGTAI 1.600 0.040 7334.2 1.604 45.33 — 697.1 0.670 0.550 0.570 0.560 2577 YTLLAND 0.560 UNCH 83.3 0.565 55.45 — 472.8MINING 1.630 1.150 1.520 1.470 2186 KUCHAI 1.500 -0.010 51 1.492 4.14 0.57 185.6PLANTATIONS 0.285 0.195 0.205 0.200 7054 AASIA 0.205 -0.005 47.5 0.203 — — 135.3 19.575 17.198 19.080 18.900 1899 BKAWAN 19.000 -0.060 20.6 19.025 12.09 2.89 8,283.1 8.639 8.380 — — 5069 BLDPLNT 8.400 — — — 50.48 0.48 785.4 1.666 1.349 1.620 1.610 5254 BPLANT 1.610 -0.010 159.4 1.612 16.72 8.70 2,576.0 1.000 0.658 0.935 0.920 8982 CEPAT 0.920 -0.015 663.5 0.926 8.78 1.63 293.0 8.244 7.360 7.800 7.800 1929 CHINTEK 7.800 UNCH 2 7.800 40.14 2.44 712.6 0.660 0.385 0.610 0.585 3948 DUTALND 0.585 -0.015 5015.6 0.593 37.50 — 495.0 9.800 7.205 — — 5029 FAREAST 9.200 — — — 8.44 3.26 1,300.8 2.506 1.412 1.700 1.670 5222 FGV 1.670 UNCH 4822.2 1.681 93.82 0.60 6,092.4 11.614 10.066 10.700 10.440 2291 GENP 10.500 UNCH 150.8 10.509 18.76 1.29 8,435.4 0.663 0.506 0.585 0.585 7382 GLBHD 0.585 0.015 57.1 0.585 47.95 1.71 130.4 1.406 1.105 1.400 1.390 2135 GOPENG 1.400 0.010 116 1.400 47.14 2.86 251.1 0.890 0.670 0.720 0.720 7501 HARNLEN 0.720 UNCH 16.7 0.720 37.70 — 133.5 2.670 2.276 2.650 2.650 5138 HSPLANT 2.650 -0.010 7.4 2.650 14.07 5.47 2,120.0 3.616 2.932 2.950 2.950 2216 IJMPLNT 2.950 UNCH 5.5 2.950 24.34 2.37 2,597.7 0.734 0.650 — — 2607 INCKEN 0.690 — — — 202.9 1.62 290.3 1.475 0.644 1.330 1.290 6262 INNO 1.330 0.020 95.6 1.314 16.26 1.50 636.9 4.757 4.208 4.640 4.550 1961 IOICORP 4.550 -0.050 989.8 4.576 39.02 2.09 28,591.6 25.137 22.521 24.900 24.520 2445 KLK 24.620 0.080 547.1 24.607 23.03 2.03 26,282.0 3.690 2.990 3.580 3.400 2453 KLUANG 3.580 -0.020 1.1 3.498 122.60 0.28 226.2 3.980 3.026 3.900 3.850 5027 KMLOONG 3.850 -0.050 22 3.860 14.44 3.90 1,200.4 0.695 0.491 0.565 0.550 1996 KRETAM 0.555 -0.010 472.6 0.557 29.37 1.80 1,291.8 1.750 1.290 — — 6572 KWANTAS 1.520 — — — 11.23 — 473.7 1.550 1.240 1.290 1.290 4936 MALPAC 1.290 -0.010 20 1.290 — — 96.8 0.963 0.790 0.880 0.875 5026 MHC 0.875 -0.005 25 0.877 10.39 1.71 172.0 2.388 1.700 — — 5047 NPC 1.900 — — — 6.25 0.53 228.0 4.239 3.900 3.940 3.920 2038 NSOP 3.920 -0.040 2 3.929 31.74 1.53 275.2 0.315 0.190 0.225 0.220 1902 PINEPAC 0.220 -0.010 84 0.225 — — 33.0 1.380 0.920 — — 9695 PLS 1.000 — — — — — 326.7 0.550 0.400 0.415 0.410 5113 RSAWIT 0.410 -0.010 85 0.411 — — 581.6 4.100 3.346 3.650 3.650 2542 RVIEW 3.650 -0.010 1 3.650 15.01 1.64 236.7 3.280 2.900 — — 2569 SBAGAN 3.010 — — — — 0.66 199.7 0.720 0.505 — — 4316 SHCHAN 0.600 — — — — — 72.0 4.030 3.480 4.000 3.950 5126 SOP 3.980 -0.020 676.4 3.990 10.14 1.26 2,271.7 1.850 1.520 1.620 1.600 5135 SWKPLNT 1.600 -0.020 15 1.613 11.07 — 448.0 0.730 0.500 0.515 0.510 2054 TDM 0.510 -0.005 219.5 0.512 49.04 0.98 845.5 1.207 0.998 1.110 1.090 5112 THPLANT 1.100 UNCH 75 1.100 5.89 5.45 972.2 1.928 1.560 1.660 1.650 9059 TSH 1.660 -0.010 43.7 1.650 44.15 1.20 2,293.8 6.830 5.330 6.600 6.550 2593 UMCCA 6.580 0.030 43.1 6.573 15.74 3.04 1,378.2 28.700 25.323 27.500 27.140 2089 UTDPLT 27.260 -0.240 1.1 27.302 14.72 1.47 5,673.7HOTELS 0.628 0.483 — — 5592 GCE 0.525 — — — — 3.81 103.4 1.000 0.680 0.785 0.775 1643 LANDMRK 0.785 -0.005 72.7 0.778 — — 415.2 0.230 0.115 0.150 0.145 1287 PMHLDG 0.150 UNCH 3150.2 0.145 — — 139.3 5.620 4.860 5.250 5.090 5517 SHANG 5.250 UNCH 52.1 5.233 30.03 2.67 2,310.0TECHNOLOGY 0.715 0.585 — — 7031 AMTEL 0.630 — — — 57.27 — 31.0 0.420 0.180 0.295 0.280 5195 CENSOF 0.290 0.005 1014 0.286 — — 145.5 0.400 0.105 0.300 0.285 51 CUSCAPI 0.290 -0.005 3942.4 0.293 — — 140.0 0.729 0.283 0.555 0.550 7204 D&O 0.550 -0.010 296.5 0.551 36.18 — 550.0 0.710 0.110 0.400 0.390 8338 DATAPRP 0.400 UNCH 958 0.396 — — 168.6 0.235 0.140 0.150 0.145 29 DIGISTA 0.145 -0.005 283 0.146 — — 86.9 1.578 1.304 — — 5162 ECS 1.390 — — — 8.75 4.32 250.2 1.510 0.539 1.510 1.460 65 EFORCE 1.460 -0.030 1285.9 1.480 94.81 0.86 604.0 2.917 1.140 2.620 2.560 90 ELSOFT 2.600 -0.020 317.6 2.577 21.94 1.92 715.4 1.870 0.790 1.710 1.680 21 GHLSYS 1.690 -0.020 319.7 1.692 56.15 0.30 1,114.5 0.455 0.210 0.365 0.350 82 GPACKET 0.350 -0.010 2361.3 0.355 3.19 — 265.6 0.280 0.175 0.245 0.235 56 GRANFLO 0.240 -0.005 377.5 0.239 — — 115.9 6.650 3.190 6.210 6.110 7022 GTRONIC 6.120 -0.090 1421.5 6.153 63.35 0.65 1,744.2 0.923 0.490 0.730 0.730 5028 HTPADU 0.730 UNCH 20 0.730 6.47 6.85 73.9 2.618 1.956 2.500 2.440 166 INARI 2.470 -0.030 6459.6 2.470 21.09 3.02 4,989.5 0.435 0.075 0.190 0.185 9393 ITRONIC 0.190 -0.005 203.1 0.187 — — 19.5 0.675 0.445 0.525 0.515 5161 JCY 0.520 UNCH 444 0.519 32.70 8.65 1,080.0 16.720 7.459 16.520 16.300 9334 KESM 16.400 -0.100 32.7 16.445 16.02 0.40 705.4 0.180 0.060 0.160 0.150 143 KEYASIC 0.150 -0.005 1706.4 0.152 — — 133.5 14.300 7.086 13.700 13.200 3867 MPI 13.220 -0.440 226.8 13.326 14.11 2.04 2,774.7 1.467 0.960 — — 5011 MSNIAGA 1.310 — — — 17.51 3.82 79.1 1.327 0.343 1.030 1.010 83 NOTION 1.010 -0.010 387.1 1.015 15.03 2.72 333.9 0.605 0.430 0.475 0.475 9008 OMESTI 0.475 0.010 231.2 0.475 — — 204.6 0.375 0.250 0.260 0.260 41 PANPAGE 0.260 0.005 421 0.260 — — 69.0 5.080 1.190 5.020 4.880 7160 PENTA 4.910 0.040 2176 4.929 20.55 — 719.6 0.610 0.250 — — 9075 THETA 0.390 — — — — — 41.8 0.197 0.073 0.175 0.155 118 TRIVE 0.165 0.005 64988.1 0.165 75.00 — 220.5 4.207 2.184 3.890 3.730 5005 UNISEM 3.740 -0.140 2218 3.756 15.51 2.94 2,744.5

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)

4.800 1.727 4.590 4.520 97 VITROX 4.540 -0.050 242.1 4.545 28.48 0.72 2,134.2 1.750 0.631 1.240 1.170 8 WILLOW 1.180 -0.060 697.2 1.200 14.39 1.69 292.6INFRASTRUCTURE PROJECT COMPANIES 5.087 4.583 4.920 4.840 6947 DIGI 4.910 0.040 2681.4 4.905 24.70 4.01 38,175.3 5.994 5.293 5.880 5.750 6645 LITRAK 5.750 -0.050 649 5.798 14.06 5.22 3,032.0 0.372 0.215 0.255 0.245 5078 M&G 0.245 -0.005 366 0.249 — 20.41 177.4 1.180 0.700 0.745 0.730 6807 PUNCAK 0.740 -0.005 567.2 0.736 — — 332.5 9.900 7.490 9.150 8.960 5031 TIMECOM 9.140 0.040 595.3 9.075 20.42 2.18 5,314.5 1.539 1.380 1.400 1.380 6742 YTLPOWR 1.380 -0.020 4439 1.384 15.88 3.62 11,237.6CLOSED-END FUNDS 2.690 2.290 2.640 2.640 5108 ICAP 2.640 UNCH 8.3 2.640 229.5 — 369.6EXCHANGE TRADED FUNDS 1.137 1.070 — — 0800EA ABFMY1 1.137 — — — — 5.00 1,501.3 2.140 1.680 2.140 2.140 0822EA CIMBA40 2.140 0.070 4.8 2.140 — 3.45 2.9 1.670 1.290 1.650 1.650 0823EA CIMBC50 1.650 0.020 3 1.650 — — 16.1 1.865 1.700 — — 0820EA FBMKLCI-EA 1.845 — — — — 1.79 3.1 1.090 0.977 1.090 1.080 0826EA METFAPA 1.090 0.010 71 1.085 — — 20.7 0.952 0.900 — — 0825EA METFSID 0.900 — — — — 2.60 47.7 1.115 1.045 1.090 1.090 0821EA MYETFDJ 1.090 -0.015 0.3 1.090 — 2.05 302.9 1.110 1.015 — — 0824EA MYETFID 1.070 — — — — 1.42 54.4REITS 1.000 0.880 0.890 0.890 4952 AHP 0.890 -0.005 25 0.890 66.92 4.72 195.8 1.615 1.378 1.480 1.480 5116 ALAQAR 1.480 UNCH 5 1.480 17.94 5.10 1,077.8 1.030 0.966 1.000 0.995 5269 ALSREIT 0.995 -0.005 56.1 0.995 11.60 6.28 577.1 0.828 0.705 0.715 0.710 5120 AMFIRST 0.710 UNCH 57 0.714 21.65 5.72 487.3 0.965 0.854 0.945 0.940 5127 ARREIT 0.940 -0.010 54 0.943 13.66 5.97 538.8 1.210 0.978 — — 5130 ATRIUM 1.140 — — — 22.71 5.96 138.9 1.689 1.497 1.570 1.520 5106 AXREIT 1.550 0.010 159.6 1.537 16.11 5.46 1,713.0 1.664 1.422 1.450 1.430 5180 CMMT 1.430 -0.020 482.4 1.440 19.07 5.85 2,914.0 1.532 1.192 1.290 1.280 5121 HEKTAR 1.290 0.010 33 1.287 12.54 8.86 595.5 1.750 1.406 1.720 1.710 5227 IGBREIT 1.720 0.010 83.8 1.714 21.29 5.05 6,034.1 1.008 0.881 0.945 0.940 5280 KIPREIT 0.940 -0.005 54.8 0.943 22.27 3.11 475.0 8.007 7.187 7.870 7.800 5235SS KLCC 7.870 0.070 6.8 7.844 16.14 4.53 14,208.0 1.320 1.129 1.300 1.280 5123 MQREIT 1.280 -0.010 72.6 1.293 15.76 9.91 1,367.0 1.866 1.551 1.740 1.730 5212 PAVREIT 1.730 -0.020 62.7 1.735 17.27 4.65 5,242.1 1.749 1.547 1.730 1.720 5176 SUNREIT 1.730 0.010 6110.2 1.722 12.01 5.31 5,095.0 1.220 1.095 1.200 1.200 5111 TWRREIT 1.200 UNCH 105 1.200 17.22 5.78 336.6 1.796 1.620 1.630 1.630 5110 UOAREIT 1.630 UNCH 53 1.630 15.36 5.79 689.3 1.210 1.025 1.200 1.190 5109 YTLREIT 1.190 -0.010 82 1.197 — 5.87 2,028.2SPAC 0.720 0.695 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1

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


CONSUMER PRODUCTS 0.285 0.195 0.275 0.265 179 BIOHLDG 0.270 Unch 1531.1 0.268 21.09 — 218.0 0.310 0.200 0.215 0.205 170 KANGER 0.210 Unch 1138 0.208 22.11 — 167.7 0.450 0.200 0.335 0.330 148 SUNZEN 0.335 0.005 235 0.332 48.55 — 161.5 0.065 0.025 0.055 0.050 95 XINGHE 0.055 Unch 1723 0.050 4.44 — 129.2INDUSTRIAL PRODUCTS 0.245 0.137 0.175 0.170 105 ASIAPLY 0.170 -0.005 258 0.175 18.68 2.94 56.7 0.285 0.090 0.125 0.120 72 AT 0.120 -0.005 10941.4 0.125 — — 49.5 0.445 0.245 0.315 0.315 163 CAREPLS 0.315 -0.005 656.5 0.315 — — 152.2 0.330 0.110 0.195 0.190 102 CONNECT 0.190 -0.005 394.5 0.191 20.43 — 61.1 0.520 0.335 0.355 0.350 100 ESCERAM 0.350 -0.010 85 0.354 11.29 1.71 71.9 0.350 0.215 0.320 0.305 175 HHGROUP 0.310 0.005 1515.2 0.312 221.4 — 95.7 0.145 0.065 0.115 0.110 160 HHHCORP 0.115 0.005 1333.7 0.110 18.25 — 38.3 0.555 0.175 0.395 0.380 162 IJACOBS 0.390 -0.005 420.3 0.384 22.41 — 52.9 0.165 0.095 0.140 0.135 24 JAG 0.135 -0.005 5522.4 0.136 18.24 0.74 170.9 0.250 0.125 0.195 0.185 25 LNGRES 0.185 -0.005 482.7 0.187 19.27 — 44.8 0.150 0.040 0.075 0.065 70 MQTECH 0.065 -0.010 13172.7 0.070 — — 27.0 0.860 0.365 0.700 0.685 49 OCNCASH 0.690 -0.010 503 0.692 14.17 1.01 153.9 0.610 0.130 0.275 0.255 38 PTB 0.275 0.015 526.1 0.269 — — 41.4 0.175 0.150 0.165 0.160 133 SANICHI 0.165 0.005 2020 0.164 — — 48.9 0.060 0.025 0.030 0.030 109 SCBUILD 0.030 Unch 2446 0.030 — — 26.5 0.220 0.110 0.170 0.170 1 SCOMNET 0.170 Unch 555.1 0.170 16.50 — 41.3 0.289 0.142 0.230 0.220 28 SCOPE 0.220 Unch 435.8 0.223 26.83 2.27 123.3 0.290 0.120 0.180 0.175 55 SERSOL 0.180 Unch 66.3 0.180 — — 38.8 1.030 0.177 1.030 0.980 84 TECFAST 0.985 -0.025 2852.5 1.004 42.27 0.51 168.5TECHNOLOGY 0.995 0.160 0.710 0.685 18 ACCSOFT 0.700 -0.005 145.5 0.690 30.17 — 582.9 0.750 0.160 0.630 0.610 181 AEMULUS 0.615 -0.010 2989.3 0.618 74.10 — 269.9 0.455 0.195 0.340 0.330 119 APPASIA 0.335 Unch 95.5 0.335 — — 105.1 0.450 0.145 0.150 0.145 68 ASDION 0.145 -0.005 76.1 0.149 — — 16.9 1.100 0.615 0.685 0.680 98 BAHVEST 0.680 Unch 22 0.681 — — 408.0 0.764 0.595 0.610 0.600 191 CABNET 0.610 -0.005 74.9 0.601 10.00 — 79.3 0.065 0.030 0.055 0.050 152 DGB 0.050 -0.005 1617.5 0.050 — — 26.9 0.075 0.025 0.035 0.030 131 DGSB 0.035 Unch 32064.9 0.030 58.33 — 47.5 0.120 0.050 0.085 0.075 154 EAH 0.075 -0.005 8271.9 0.079 37.50 — 111.8 0.260 0.120 0.130 0.130 107 EDUSPEC 0.130 Unch 590 0.130 — — 121.3 0.295 0.060 0.270 0.260 116 FOCUS 0.265 -0.010 413.2 0.263 — — 205.9 1.470 0.815 1.460 1.350 104 GENETEC 1.390 -0.050 863.1 1.406 — — 49.3 0.759 0.431 0.635 0.615 39 GFM 0.620 -0.020 1077.2 0.626 25.31 2.34 265.4 0.090 0.035 0.070 0.070 45 GNB 0.070 Unch 2191 0.070 — — 20.2 0.185 0.070 0.160 0.155 74 GOCEAN 0.160 0.005 82 0.157 266.6 — 42.1 0.100 0.040 0.070 0.065 174 IDMENSN 0.065 -0.005 471.9 0.068 — — 32.2 0.533 0.227 0.400 0.390 23 IFCAMSC 0.390 -0.005 1533.7 0.394 22.94 1.28 237.2 0.100 0.060 0.080 0.070 94 INIX 0.075 -0.005 1103.3 0.074 27.78 — 19.0 0.220 0.100 0.180 0.170 10 IRIS 0.175 Unch 10808.7 0.175 — — 432.6 2.290 0.450 2.160 2.080 146 JFTECH 2.080 0.030 1075.4 2.116 41.11 0.96 262.1 3.420 0.594 3.020 2.900 127 JHM 2.910 -0.090 1138 2.942 25.68 — 764.7 0.270 0.130 0.190 0.185 111 K1 0.190 Unch 317.6 0.190 — — 98.6 0.460 0.102 0.125 0.115 36 KGROUP 0.115 -0.005 12064.2 0.120 — — 49.2 1.130 0.230 0.945 0.920 176 KRONO 0.920 -0.015 4898.2 0.931 23.06 — 273.6 0.130 0.045 0.090 0.085 17 M3TECH 0.085 -0.005 14295.7 0.085 — — 49.9 0.450 0.220 0.410 0.400 75 MEXTER 0.405 0.005 615.9 0.404 — — 90.5 0.590 0.420 0.440 0.440 155 MGRC 0.440 Unch 3 0.440 68.75 — 45.5 1.370 0.855 0.990 0.970 126 MICROLN 0.970 -0.010 82 0.980 27.32 — 162.3 0.595 0.319 0.465 0.455 112 MIKROMB 0.455 -0.010 2007 0.459 17.91 1.74 196.1 0.465 0.065 0.100 0.095 85 MLAB 0.095 -0.005 20891.1 0.096 47.50 — 54.2 0.265 0.160 0.265 0.230 34 MMAG 0.260 0.040 53962.4 0.255 — — 71.5 2.028 0.498 1.900 1.860 113 MMSV 1.870 -0.020 1540.7 1.867 17.58 1.07 304.8 0.245 0.055 0.075 0.070 103 MNC 0.070 Unch 2609 0.070 38.89 — 33.5 0.310 0.150 0.250 0.245 156 MPAY 0.245 -0.005 1100.8 0.246 — — 174.1 0.735 0.130 0.230 0.215 92 MTOUCHE 0.220 0.005 10317.5 0.223 51.16 — 28.0 1.050 0.616 1.010 0.985 108 N2N 0.990 -0.020 2179.2 0.993 23.91 2.02 472.4 0.110 0.015 0.065 0.055 20 NETX 0.055 Unch 59514.6 0.060 61.11 — 69.0 0.065 0.035 0.040 0.040 96 NEXGRAM 0.040 Unch 85 0.040 — — 75.3 0.115 0.070 0.080 0.080 26 NOVAMSC 0.080 Unch 300 0.080 — — 54.7 0.662 0.536 0.555 0.545 35 OPCOM 0.550 -0.005 165.6 0.549 16.13 7.27 88.7 0.414 0.315 0.330 0.325 40 OPENSYS 0.325 -0.005 72.6 0.327 19.94 3.08 96.8 0.380 0.125 0.135 0.130 79 ORION 0.130 Unch 960 0.131 — — 77.9 0.260 0.055 0.225 0.205 5 PALETTE 0.205 -0.010 6047.6 0.209 — — 65.5 0.230 0.135 0.160 0.160 123 PRIVA 0.160 Unch 1994.4 0.160 — — 89.3 0.175 0.055 0.145 0.140 7 PUC 0.145 Unch 4986.5 0.141 60.42 — 181.1 0.980 0.520 0.890 0.860 106 REXIT 0.865 -0.010 779.4 0.866 20.50 4.62 163.8 0.375 0.218 0.340 0.335 178 SEDANIA 0.335 -0.005 550.8 0.337 — 2.99 75.6 0.190 0.055 0.125 0.115 60 SKH 0.125 0.005 10102.7 0.122 52.08 — 69.3 0.300 0.155 0.165 0.165 117 SMRT 0.165 Unch 347.8 0.165 — — 59.6 0.185 0.100 0.170 0.145 169 SMTRACK 0.165 0.020 19927.8 0.159 — — 18.6 0.355 0.232 0.285 0.280 93 SOLUTN 0.280 -0.005 411.2 0.284 8.12 3.57 85.8 0.360 0.080 0.155 0.150 129 SRIDGE 0.150 -0.005 437.1 0.151 — — 18.2 0.470 0.155 0.410 0.395 50 SYSTECH 0.400 -0.010 2898 0.401 53.33 0.75 139.1 0.190 0.140 0.145 0.145 132 TDEX 0.145 -0.005 460 0.145 131.8 — 59.9 1.480 0.189 1.220 1.120 120 VIS 1.120 -0.200 5846.3 1.153 19.48 0.45 124.0 0.215 0.115 0.140 0.135 69 VIVOCOM 0.135 -0.005 7177.1 0.137 21.77 — 444.5 0.145 0.065 0.110 0.100 66 VSOLAR 0.100 -0.010 392 0.105 — — 37.4 0.070 0.020 — — 141 WINTONI 0.035 — — — — — 18.0 0.275 0.080 0.210 0.200 86 YGL 0.200 -0.005 534.9 0.206 — — 46.5TRADING SERVICES 0.400 0.150 — — 122 AIM 0.300 — — — — — 79.8 0.165 0.060 0.120 0.115 48 ANCOMLB 0.115 -0.005 836 0.117 — — 54.4 0.240 0.120 0.145 0.140 150 ASIABIO 0.145 0.005 840.4 0.144 1.18 — 65.3 0.275 0.155 0.170 0.165 187 BCMALL 0.170 Unch 196 0.167 36.96 — 71.6 0.392 0.291 — — 11 BTECH 0.315 — — — 19.44 5.08 79.4 0.320 0.170 0.210 0.180 157 FOCUSP 0.180 -0.035 5.5 0.207 — — 29.7 1.210 0.386 1.160 1.130 185 HSSEB 1.140 -0.010 1461.8 1.148 23.95 0.55 363.8 0.900 0.540 — — 147 INNITY 0.750 — — — 71.43 — 103.8 0.310 0.210 0.235 0.225 180 KTC 0.230 Unch 250 0.227 104.55 — 117.4 0.350 0.130 0.215 0.210 167 MCLEAN 0.210 -0.010 261.6 0.211 100.00 — 37.5 0.440 0.250 — — 81 MEGASUN 0.285 — — — 12.84 — 62.5 0.280 0.165 — — 153 OVERSEA 0.200 — — — 333.33 — 49.3 0.200 0.115 0.165 0.160 177 PASUKGB 0.165 Unch 4462.6 0.165 — — 133.9 0.450 0.230 0.415 0.350 6 PINEAPP 0.410 0.060 34.1 0.357 215.79 — 19.9 0.375 0.201 0.340 0.320 171 PLABS 0.340 0.015 338.6 0.328 18.78 2.06 73.0 0.005 0.005 — — 110 RA 0.005 — — — 2.63 — 4.8 0.615 0.280 0.435 0.420 32 REDTONE 0.430 Unch 100.2 0.428 — — 325.8 0.525 0.140 0.475 0.465 173 REV 0.470 Unch 696.5 0.471 3.98 — 63.3 0.726 0.477 0.610 0.600 158 SCC 0.600 -0.005 23.4 0.606 16.62 5.05 84.7 0.275 0.160 0.205 0.200 161 SCH 0.200 -0.005 75 0.202 117.65 4.25 82.4 0.230 0.100 0.210 0.195 140 STERPRO 0.200 Unch 27392.6 0.204 — — 55.9 0.255 0.103 0.250 0.245 80 STRAITS 0.245 -0.005 2015.8 0.245 46.23 — 90.1 1.360 0.955 1.320 1.300 89 TEXCYCL 1.300 -0.010 184.1 1.312 13.43 0.38 222.0 0.230 0.100 0.170 0.170 145 TFP 0.170 Unch 60 0.170 — — 34.9 0.155 0.095 0.110 0.100 165 XOX 0.105 Unch 5958.6 0.105 — — 89.4FINANCE 0.965 0.386 0.715 0.710 53 OSKVI 0.715 Unch 57.8 0.715 2.56 2.80 141.3

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

TUESDAY SEPTEMBER 26, 2017 • THEEDGE FINANCIAL DAILY 2 6

Bursa Malaysia Equity Derivatives

0.110 0.065 0.065 0.065 523810 AAX-C10 0.065 -0.020 80 0.375 0.400 24.00 26/04/2018 0.095 0.065 0.075 0.070 523812 AAX-C12 0.070 -0.010 848 0.375 0.360 18.40 30/03/2018 0.165 0.015 0.015 0.015 5238C7 AAX-C7 0.015 -0.005 200 0.375 0.430 18.67 31/10/2017 0.310 0.160 0.205 0.200 5238WA AAX-WA 0.205 Unch 527 0.375 0.460 77.33 08/06/2020 0.860 0.105 0.640 0.590 0018WA ACCSOFT-WA 0.640 -0.050 15 0.700 0.100 5.71 18/01/2019 0.120 0.035 0.065 0.060 7146WA AEM-WA 0.065 Unch 142.4 0.170 0.250 85.29 17/12/2019 0.330 0.050 0.205 0.190 7315WB AHB-WB 0.200 Unch 384.5 0.315 0.200 26.98 28/08/2019 0.330 0.070 0.290 0.280 509947 AIRASIAC47 0.290 0.020 1117.2 3.530 2.600 -1.70 31/10/2017 0.235 0.110 0.140 0.135 509952 AIRASIAC52 0.135 0.010 470 3.530 3.200 2.12 31/10/2017 0.200 0.090 0.160 0.145 509953 AIRASIAC53 0.160 0.020 567.3 3.530 3.200 4.25 02/02/2018 0.180 0.050 0.070 0.060 509954 AIRASIAC54 0.070 0.005 1986.6 3.530 3.600 7.34 31/10/2017 0.150 0.080 0.105 0.095 509955 AIRASIAC55 0.105 0.005 350.2 3.530 4.000 21.35 29/12/2017 0.220 0.145 0.190 0.190 509957 AIRASIAC57 0.190 -0.010 20 3.530 3.200 6.80 08/01/2018 0.185 0.160 0.185 0.185 509958 AIRASIAC58 0.185 Unch 170 3.530 3.300 14.45 26/04/2018 0.510 0.130 0.330 0.300 5014CS AIRPORT-CS 0.330 Unch 100 8.600 7.350 2.73 02/02/2018 0.165 0.095 0.095 0.095 5014CU AIRPORT-CU 0.095 -0.010 0.1 8.600 9.500 15.44 22/01/2018 0.420 0.160 0.280 0.275 7609WA AJIYA-WA 0.280 -0.010 254.2 0.740 0.920 62.16 28/08/2021 0.135 0.055 0.070 0.060 1015C1 AMBANK-C1 0.065 -0.010 4575.5 4.370 5.000 18.88 30/04/2018 0.145 0.130 0.145 0.130 1015C3 AMBANK-C3 0.135 Unch 1046 4.370 4.700 17.75 30/03/2018 0.610 0.065 0.130 0.105 1015CX AMBANK-CX 0.110 -0.030 387 4.370 4.150 1.26 29/09/2017 0.440 0.030 0.035 0.035 1015CY AMBANK-CY 0.035 -0.005 100 4.370 5.000 16.42 31/10/2017 0.315 0.140 0.265 0.250 6556CC ANNJOO-CC 0.265 Unch 361.1 3.680 2.800 1.29 31/10/2017 0.280 0.115 0.230 0.215 6556CD ANNJOO-CD 0.230 -0.005 360.5 3.680 3.000 3.40 08/12/2017 0.240 0.110 0.205 0.190 6556CE ANNJOO-CE 0.200 -0.005 1087.2 3.680 3.100 8.70 02/02/2018 0.275 0.040 0.045 0.045 9342WA ANZO-WA 0.045 Unch 80 0.105 0.250 180.95 19/11/2019 0.035 0.010 0.015 0.015 5194WA APFT-WA 0.015 Unch 28.4 0.025 0.400 1,560 13/07/2018 0.335 0.110 0.225 0.220 0119WA APPASIA-WA 0.220 -0.005 210 0.335 0.130 4.48 23/12/2024 0.255 0.100 0.155 0.150 521024 ARMADA-C24 0.150 -0.005 106 0.740 0.600 1.35 30/11/2017 0.100 0.025 0.040 0.040 521027 ARMADA-C27 0.040 -0.005 875.5 0.740 0.835 18.24 02/02/2018 0.100 0.060 0.085 0.075 521028 ARMADA-C28 0.080 -0.005 3554.6 0.740 0.750 13.24 30/01/2018 0.350 0.050 0.055 0.055 0068WB ASDION-WB 0.055 Unch 131 0.145 0.500 282.76 24/03/2019 0.145 0.055 0.080 0.080 0105WA ASIAPLY-WA 0.080 Unch 43.4 0.170 0.100 5.88 13/12/2020 0.090 0.040 0.065 0.065 6399C3 ASTRO-C3 0.065 0.010 60 2.810 2.900 7.83 22/12/2017 0.765 0.110 0.250 0.250 7099WB ATTA-WB 0.250 Unch 179 0.990 1.000 26.26 09/05/2022 0.705 0.205 0.265 0.230 7099WC ATTA-WC 0.230 -0.030 10 0.990 1.000 24.24 18/11/2024 0.105 0.030 0.050 0.050 0072WA AT-WA 0.050 Unch 100 0.120 0.270 166.67 28/01/2019 0.120 0.060 0.065 0.065 0072WB AT-WB 0.065 Unch 120 0.120 0.090 29.17 17/10/2019 0.730 0.210 0.580 0.580 7078WA AZRB-WA 0.580 Unch 78.7 1.140 0.700 12.28 13/05/2024 0.330 0.180 0.285 0.280 0098WA BAHVEST-WA 0.285 -0.005 592.3 0.680 0.870 69.85 20/08/2024 0.085 0.035 0.065 0.060 5248CS BAUTO-CS 0.065 -0.005 189 2.050 2.100 8.78 08/01/2018 0.170 0.095 0.110 0.105 7241WA BHS-WA 0.110 Unch 140.1 0.405 0.600 75.31 18/10/2020 0.450 0.260 0.305 0.305 5258WA BIMB-WA 0.305 Unch 295.5 4.280 4.720 17.41 04/12/2023 0.155 0.070 0.080 0.080 6998WA BINTAI-WA 0.080 0.005 10 0.175 0.200 60.00 15/06/2020 0.230 0.095 0.165 0.160 0179WA BIOHLDG-WA 0.160 -0.005 732.9 0.270 0.220 40.74 05/01/2022 0.160 0.060 0.090 0.090 3395WB BJCORP-WB 0.090 0.005 193.8 0.340 1.000 220.59 22/04/2022 0.175 0.050 0.105 0.105 3395WC BJCORP-WC 0.105 Unch 290 0.340 1.000 225.00 29/05/2026 0.370 0.035 0.290 0.285 7187WA BKOON-WA 0.290 Unch 20.1 0.490 0.200 0.00 07/07/2023 0.081 0.030 0.040 0.035 7036WB BORNOIL-WB 0.040 0.005 625 0.100 0.060 0.00 28/02/2018 0.081 0.035 0.045 0.045 7036WC BORNOIL-WC 0.045 Unch 17007.6 0.100 0.070 15.00 08/11/2025 0.065 0.040 0.055 0.045 7036WD BORNOIL-WD 0.050 Unch 93166.8 0.100 0.070 20.00 29/05/2027 0.087 0.029 0.050 0.045 9938WB BRIGHT-WB 0.045 -0.010 155 0.255 0.650 172.55 12/01/2019 0.135 0.045 0.065 0.060 7188WA BTM-WA 0.065 0.005 55.1 0.240 0.940 318.75 20/12/2019 0.435 0.060 0.235 0.215 181811 BURSA-C11 0.220 -0.030 83 9.970 8.900 0.30 30/11/2017 0.315 0.070 0.075 0.075 181812 BURSA-C12 0.075 -0.010 180 9.970 10.500 8.70 30/11/2017 0.150 0.050 0.075 0.065 181813 BURSA-C13 0.070 -0.005 608.1 9.970 10.500 8.83 30/03/2018 0.150 0.050 0.050 0.050 181801 BURSA-MC01 0.050 -0.040 10 9.970 11.000 13.34 14/12/2017 0.900 0.303 0.805 0.795 7174WA CAB-WA 0.795 -0.010 217.3 0.975 0.170 -1.03 08/02/2020 0.095 0.005 0.005 0.005 7076CE CBIP-CE 0.005 Unch 110 1.910 2.300 20.81 16/10/2017 0.470 0.290 0.340 0.340 7076WA CBIP-WA 0.340 Unch 6 1.910 2.400 43.46 06/11/2019 0.310 0.090 0.105 0.090 102321 CIMB-C21 0.100 -0.010 7651 6.310 6.200 3.80 31/10/2017 0.335 0.150 0.190 0.175 102322 CIMB-C22 0.180 -0.010 1804.1 6.310 5.700 1.74 24/11/2017 0.175 0.115 0.115 0.115 102323 CIMB-C23 0.115 -0.005 1250 6.310 6.500 13.03 02/02/2018 0.155 0.055 0.065 0.055 102324 CIMB-C24 0.060 -0.005 13206.8 6.310 7.000 14.74 28/12/2017 0.165 0.110 0.115 0.115 102326 CIMB-C26 0.115 -0.005 25 6.310 6.880 18.15 26/04/2018 0.110 0.050 0.055 0.050 102327 CIMB-C27 0.055 -0.005 5321 6.310 7.700 25.52 19/03/2018 0.250 0.025 0.125 0.115 0051WA CUSCAPI-WA 0.115 -0.010 589.2 0.290 0.270 32.76 24/04/2018 0.470 0.295 0.355 0.340 5276WA DANCO-WA 0.355 0.010 197.8 0.585 0.300 11.97 22/05/2022 0.035 0.005 0.020 0.015 7179WB DBE-WB 0.015 Unch 2374.2 0.030 0.050 116.67 22/01/2022 0.030 0.005 0.010 0.010 0152WA DGB-WA 0.010 Unch 500 0.050 0.110 140.00 22/04/2018 0.190 0.125 0.150 0.150 727713 DIALOG-C13 0.150 -0.010 100 1.990 1.750 3.02 07/12/2017 0.240 0.105 0.185 0.145 727717 DIALOG-C17 0.160 Unch 2371.9 1.990 1.900 3.52 02/02/2018 0.060 0.055 0.060 0.055 727718 DIALOG-C18 0.055 Unch 2320 1.990 2.300 21.93 30/03/2018 0.130 0.095 0.095 0.095 727701 DIALOG-MC01 0.095 -0.035 50 1.990 1.950 7.54 14/12/2017 0.165 0.050 0.075 0.070 0029WB DIGISTA-WB 0.075 0.005 250 0.145 0.260 131.03 04/04/2023 0.370 0.045 0.225 0.215 4456WD DNEX-WD 0.220 Unch 9717.6 0.480 0.500 50.00 30/07/2021 0.140 0.060 0.130 0.120 7114WA DNONCE-WA 0.130 0.005 5657.6 0.335 0.250 13.43 25/11/2020 0.145 0.055 0.060 0.060 5265WA DOLPHIN-WA 0.060 -0.005 125 0.200 0.800 330.00 29/03/2021 0.340 0.180 0.300 0.280 7169WA DOMINAN-WA 0.300 0.005 505 1.310 1.300 22.14 10/09/2020 0.070 0.035 0.040 0.040 7198WB DPS-WB 0.040 -0.005 650 0.090 0.100 55.56 15/01/2025 0.380 0.115 0.280 0.270 161930 DRBHCOMC30 0.270 -0.015 125 1.630 1.100 0.61 30/11/2017 0.195 0.050 0.065 0.050 161933 DRBHCOMC33 0.065 Unch 1989.7 1.630 1.650 9.20 31/10/2017 0.255 0.110 0.115 0.115 161934 DRBHCOMC34 0.115 -0.020 370 1.630 1.500 6.13 24/11/2017 0.170 0.070 0.075 0.070 161936 DRBHCOMC36 0.070 -0.010 300.2 1.630 1.900 25.15 29/12/2017 0.125 0.050 0.060 0.055 161937 DRBHCOMC37 0.060 -0.010 2340.7 1.630 1.850 20.86 30/03/2018 0.050 0.030 0.030 0.030 161941 DRBHCOMC41 0.030 -0.005 400 1.630 2.150 37.42 30/03/2018 0.095 0.095 0.095 0.095 161943 DRBHCOMC43 0.095 Unch 88.8 1.630 1.600 15.64 30/03/2018 0.110 0.005 0.005 0.005 341710 E&O-C10 0.005 -0.005 80 1.570 2.150 37.58 30/11/2017 0.320 0.120 0.170 0.155 3417WB E&O-WB 0.170 Unch 30.2 1.570 2.600 76.43 21/07/2019 0.065 0.020 0.030 0.030 0154WB EAH-WB 0.030 -0.005 1456.4 0.075 0.120 100.00 24/02/2019 0.065 0.025 0.030 0.030 0154WC EAH-WC 0.030 Unch 421 0.075 0.100 73.33 18/06/2019 0.195 0.090 0.130 0.125 3557WC ECOFIRS-WC 0.130 Unch 467 0.290 0.300 48.28 10/09/2019 0.250 0.080 0.185 0.165 5253CA ECONBHD-CA 0.175 0.005 1339.9 2.990 2.500 1.17 30/11/2017 0.185 0.125 0.135 0.130 5253CF ECONBHD-CF 0.130 -0.015 410 2.990 2.950 11.71 22/03/2018 0.170 0.120 0.125 0.120 5253CG ECONBHD-CG 0.120 Unch 707.2 2.990 3.100 15.72 30/03/2018 0.190 0.055 0.090 0.055 8206CF ECOWLD-CF 0.090 -0.005 34.8 1.580 1.600 9.81 02/02/2018 0.170 0.075 0.080 0.075 8206CG ECOWLD-CG 0.080 -0.005 358 1.580 1.500 5.06 30/11/2017 0.175 0.070 0.070 0.070 8206CH ECOWLD-CH 0.070 Unch 100 1.580 1.600 7.91 08/12/2017 0.065 0.055 0.065 0.055 8206CJ ECOWLD-CJ 0.065 Unch 347 1.580 1.750 21.04 30/03/2018 0.710 0.365 0.470 0.450 8206WA ECOWLD-WA 0.470 0.005 50.1 1.580 2.080 61.39 26/03/2022 0.120 0.045 0.055 0.055 0107WA EDUSPEC-WA 0.055 Unch 600 0.130 0.180 80.77 24/12/2018 1.190 0.360 1.190 1.110 0065WA EFORCE-WA 1.120 -0.020 1432.3 1.460 0.340 0.00 17/07/2019 0.557 0.283 0.400 0.395 8907WC EG-WC 0.400 0.010 301.8 0.700 0.500 28.57 03/11/2020 0.030 0.005 0.015 0.015 7182WA EKA-WA 0.015 Unch 1100 0.075 0.200 186.67 22/01/2019 0.140 0.010 0.015 0.010 8877CA EKOVEST-CA 0.015 0.005 3981 1.090 1.600 48.85 08/12/2017 0.090 0.035 0.035 0.035 8877CC EKOVEST-CC 0.035 -0.005 298.2 1.090 1.300 27.29 28/12/2017 1.350 0.675 0.690 0.675 8877WB EKOVEST-WB 0.675 -0.010 764.5 1.090 0.480 5.96 25/06/2019 0.630 0.310 0.340 0.320 5056WA ENGTEX-WA 0.320 -0.015 783.4 1.170 0.830 -1.71 25/10/2017 0.120 0.045 0.045 0.045 5283CA EWINT-CA 0.045 Unch 16 1.090 1.200 18.35 02/02/2018 0.060 0.010 0.010 0.010 5283CE EWINT-CE 0.010 Unch 160 1.090 1.350 26.15 30/11/2017 0.080 0.055 0.055 0.055 5283CF EWINT-CF 0.055 Unch 40 1.090 1.050 8.94 28/12/2017 0.450 0.245 0.260 0.255 5283WA EWINT-WA 0.260 Unch 431.1 1.090 1.450 56.88 02/04/2022 0.570 0.120 0.425 0.420 7047WB FAJAR-WB 0.420 -0.015 709.1 0.860 0.700 30.23 24/09/2019 0.120 0.065 0.070 0.070 06501U FBMKLCI-C1U 0.070 -0.035 50 1,769 1,715 -0.29 31/10/2017 0.080 0.025 0.025 0.025 06501X FBMKLCI-C1X 0.025 -0.005 470 1,769 1,765 0.76 30/11/2017 0.060 0.020 0.025 0.020 06503A FBMKLCI-C3A 0.020 -0.005 1030 1,769 1,785 1.69 29/12/2017 0.040 0.005 0.025 0.020 06503B FBMKLCI-C3B 0.020 -0.005 65 1,769 1,800 2.54 31/01/2018 0.505 0.415 0.415 0.415 06503D FBMKLCI-C3D 0.415 -0.075 5 1,769 1,770 4.74 28/02/2018 0.095 0.060 0.065 0.060 06503E FBMKLCI-C3E 0.060 -0.005 378.9 1,769 1,770 1.74 28/02/2018 0.090 0.005 0.005 0.005 06502T FBMKLCI-H2T 0.005 Unch 500 1,769 1,670 -5.40 29/09/2017 0.160 0.020 0.040 0.040 06502Z FBMKLCI-H2Z 0.040 0.005 237.2 1,769 1,765 1.35 30/11/2017 0.135 0.005 0.005 0.005 522226 FGV-C26 0.005 Unch 1000 1.670 2.200 32.51 31/10/2017 0.085 0.005 0.005 0.005 522227 FGV-C27 0.005 Unch 100 1.670 2.450 47.46 16/10/2017 0.155 0.035 0.045 0.040 522228 FGV-C28 0.045 Unch 342.1 1.670 2.050 29.49 02/02/2018 0.195 0.095 0.110 0.105 522230 FGV-C30 0.105 Unch 1846.2 1.670 1.600 13.41 28/12/2017 0.145 0.085 0.115 0.110 522231 FGV-C31 0.110 Unch 393 1.670 1.630 14.07 30/03/2018 0.100 0.065 0.075 0.075 522234 FGV-C34 0.075 0.005 30 1.670 1.880 26.05 30/03/2018 0.095 0.065 0.075 0.075 522237 FGV-C37 0.075 Unch 10 1.670 1.900 24.10 30/01/2018 0.260 0.030 0.245 0.235 0116WC FOCUS-WC 0.245 Unch 556.5 0.265 0.050 11.32 06/11/2019 0.740 0.230 0.525 0.515 9261WB GADANG-WB 0.515 -0.015 1148.5 0.515 1.060 205.83 29/11/2021 0.210 0.075 0.140 0.135 539831 GAMUDA-C31 0.140 -0.015 770 5.290 4.900 0.57 29/09/2017 0.110 0.090 0.100 0.090 539839 GAMUDA-C39 0.090 -0.010 760 5.290 5.350 6.24 31/05/2018 1.480 1.140 1.330 1.310 5398WE GAMUDA-WE 1.320 -0.010 802.2 5.290 4.050 1.51 06/03/2021 0.455 0.120 0.375 0.355 5226WA GBGAQRS-WA 0.370 0.020 3501.3 1.680 1.300 -0.60 20/07/2018 0.500 0.300 0.460 0.400 3611WA GBH-WA 0.460 0.060 75 1.430 1.000 2.10 07/04/2020 0.330 0.090 0.100 0.095 0078CD GDEX-CD 0.095 Unch 1600 0.625 0.600 7.40 31/10/2017 0.125 0.065 0.065 0.065 0078CF GDEX-CF 0.065 Unch 15 0.625 0.650 19.60 02/02/2018 0.075 0.045 0.045 0.045 0078CH GDEX-CH 0.045 Unch 1200 0.625 0.780 35.60 28/02/2018 0.572 0.415 0.430 0.420 0078WB GDEX-WB 0.425 0.005 862.4 0.625 0.383 29.20 05/02/2020 0.305 0.155 0.170 0.170 471519 GENM-C19 0.170 Unch 180 5.530 4.710 3.62 31/10/2017 0.300 0.100 0.125 0.100 471524 GENM-C24 0.110 -0.020 1187.8 5.530 5.500 6.42 29/12/2017 0.180 0.080 0.090 0.080 471526 GENM-C26 0.080 -0.015 416.2 5.530 5.900 13.20 02/02/2018

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


0.235 0.105 0.105 0.105 471527 GENM-C27 0.105 -0.060 5 5.530 6.000 15.14 22/01/2018 0.165 0.090 0.095 0.090 471528 GENM-C28 0.090 -0.015 80 5.530 6.300 19.78 28/02/2018 3.850 2.620 2.620 2.620 2291WA GENP-WA 2.620 Unch 3.8 10.500 7.750 -1.24 17/06/2019 0.180 0.070 0.095 0.090 318242 GENTINGC42 0.090 Unch 35.2 9.760 9.500 2.87 29/12/2017 1.950 1.240 1.810 1.760 3182WA GENTING-WA 1.780 0.010 165 9.760 7.960 -0.20 18/12/2018 0.135 0.090 0.120 0.110 3204CA GKENT-CA 0.110 -0.015 1230 2.940 2.880 16.67 31/05/2018 0.230 0.070 0.165 0.125 1147WA GOB-WA 0.155 -0.005 802.2 0.410 0.800 132.93 24/12/2019 0.085 0.025 0.045 0.045 0074WA GOCEAN-WA 0.045 Unch 5.5 0.160 0.340 140.63 07/08/2019 0.055 0.025 0.035 0.035 7096WA GPA-WA 0.035 -0.005 50 0.100 0.100 35.00 03/06/2025 0.135 0.075 0.085 0.080 7022CH GTRONIC-CH 0.085 -0.005 250 6.120 5.800 6.58 30/11/2017 0.205 0.110 0.205 0.185 7668CA HAIO-CA 0.190 -0.005 358.2 4.950 4.380 7.68 31/05/2018 0.745 0.310 0.430 0.400 4324CA HENGYUAN-CA 0.410 Unch 2000 8.030 6.000 15.57 22/02/2018 0.470 0.270 0.345 0.335 4324CB HENGYUAN-CB 0.335 -0.020 344 8.030 8.800 34.62 28/02/2018 0.520 0.315 0.385 0.385 4324CC HENGYUAN-CC 0.385 -0.025 20 8.030 8.000 28.39 28/02/2018 0.430 0.255 0.325 0.325 4324CD HENGYUAN-CD 0.325 -0.015 25 8.030 7.000 19.55 19/03/2018 0.410 0.170 0.210 0.205 4324CE HENGYUAN-CE 0.205 -0.005 74 8.030 8.800 32.57 19/03/2018 0.310 0.175 0.205 0.195 4324CF HENGYUAN-CF 0.200 -0.005 64 8.030 8.880 35.49 22/03/2018 0.300 0.280 0.300 0.280 4324CG HENGYUAN-CG 0.280 Unch 210 8.030 7.000 22.04 30/03/2018 1.540 0.960 1.340 1.300 5095WB HEVEA-WB 1.320 Unch 27.8 1.560 0.250 0.64 28/02/2020 0.225 0.075 0.210 0.200 5072WB HIAPTEK-WB 0.205 Unch 5375 0.420 0.500 67.86 23/06/2021 0.530 0.180 0.185 0.180 5169WA HOHUP-WA 0.185 Unch 282.4 0.695 0.600 12.95 21/12/2018 0.390 0.270 0.285 0.285 5160WA HOMERIZ-WA 0.285 -0.005 31.8 0.930 0.920 29.57 09/07/2020 0.225 0.115 0.145 0.140 7213WB HOVID-WB 0.145 0.005 115 0.310 0.180 4.84 05/06/2018 0.050 0.010 0.020 0.020 7013WA HUBLINE-WA 0.020 Unch 458.3 0.085 3.200 3,689 04/11/2019 0.075 0.020 0.035 0.035 7013WB HUBLINE-WB 0.035 0.005 1063 0.085 0.200 176.47 20/12/2020 0.045 0.015 0.030 0.025 9601WD HWGB-WD 0.030 Unch 7437.2 0.055 0.080 100.00 15/03/2021 0.055 0.015 0.035 0.030 0174WA IDMENSN-WA 0.030 Unch 505.5 0.065 0.100 100.00 14/07/2020 0.115 0.015 0.015 0.015 5225C3 IHH-C3 0.015 -0.005 139.8 5.820 6.300 9.02 29/12/2017 0.150 0.140 0.145 0.140 5225C5 IHH-C5 0.145 -0.005 30 5.820 5.800 9.62 26/04/2018 0.120 0.025 0.025 0.025 3336C4 IJM-C4 0.025 -0.010 200 3.350 3.500 7.46 31/10/2017 0.275 0.075 0.195 0.180 0166C2 INARI-C2 0.185 -0.010 395.8 2.470 2.150 2.02 08/12/2017 0.165 0.100 0.105 0.100 0166C3 INARI-C3 0.100 -0.010 60 2.470 2.600 14.57 30/01/2018 0.205 0.095 0.150 0.150 0166C6 INARI-C6 0.150 -0.020 30 2.470 2.400 9.31 30/04/2018 0.570 0.165 0.450 0.450 0166CZ INARI-CZ 0.450 -0.015 50 2.470 1.800 0.20 29/12/2017 2.500 1.445 2.300 2.300 0166WA INARI-WA 2.300 Unch 2.6 2.470 0.132 -1.54 04/06/2018 1.830 1.300 1.680 1.660 0166WB INARI-WB 1.660 -0.030 112 2.470 0.800 -0.40 17/02/2020 0.050 0.015 0.030 0.030 0094WA INIX-WA 0.030 -0.005 100 0.075 0.100 73.33 16/11/2020 0.545 0.160 0.405 0.390 3379WB INSAS-WB 0.390 -0.010 564.7 1.000 1.000 39.00 25/02/2020 0.180 0.055 0.070 0.065 196113 IOICORP-C13 0.065 -0.015 66.7 4.550 4.400 0.99 31/10/2017 0.085 0.050 0.050 0.050 196114 IOICORP-C14 0.050 -0.005 6.5 4.550 4.800 8.79 22/12/2017 0.070 0.020 0.045 0.040 7183WA IRETEX-WA 0.045 -0.005 173.1 0.190 0.800 344.74 10/06/2019 0.070 0.025 0.055 0.050 0024WA JAG-WA 0.050 -0.005 600 0.135 0.100 11.11 14/08/2019 0.170 0.045 0.080 0.075 9083WB JETSON-WB 0.075 -0.005 181.4 0.300 0.750 175.00 06/02/2019 0.110 0.060 0.085 0.080 8923WA JIANKUN-WA 0.085 0.005 555.2 0.280 0.320 44.64 23/12/2021 0.830 0.205 0.465 0.435 7167WA JOHOTIN-WA 0.450 -0.015 709 1.330 0.850 -2.26 21/11/2017 0.150 0.030 0.035 0.035 4383CO JTIASA-CO 0.035 -0.015 372 1.060 1.200 19.81 08/01/2018 0.225 0.110 0.130 0.130 0170WA KANGER-WA 0.130 -0.005 30 0.210 0.100 9.52 13/04/2020 0.105 0.020 0.020 0.020 5247C1 KAREX-C1 0.020 -0.005 260 1.490 1.950 34.90 28/12/2017 0.075 0.030 0.030 0.030 5247C2 KAREX-C2 0.030 -0.005 20 1.490 1.900 32.55 02/02/2018 0.095 0.070 0.080 0.080 5247C5 KAREX-C5 0.080 -0.010 320 1.490 1.550 20.13 28/02/2018 0.024 0.005 0.010 0.010 5247CT KAREX-CT 0.010 Unch 1 1.490 2.340 59.73 31/10/2017 0.035 0.010 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 2 0.070 0.131 115.71 20/10/2023 0.555 0.070 0.465 0.460 7161CA KERJAYA-CA 0.465 -0.040 70.8 3.700 2.600 1.69 29/09/2017 0.330 0.135 0.255 0.255 7161CC KERJAYA-CC 0.255 -0.005 10 3.700 3.100 1.01 08/12/2017 0.240 0.155 0.190 0.190 7161CE KERJAYA-CE 0.190 -0.010 30 3.700 3.600 12.70 22/02/2018 0.490 0.070 0.340 0.325 0151WA KGB-WA 0.330 -0.020 148.8 0.620 0.500 33.87 12/06/2019 0.140 0.010 0.020 0.015 0036WA KGROUP-WA 0.020 Unch 339.7 0.115 0.400 265.22 02/07/2018 0.120 0.040 0.045 0.040 0036WB KGROUP-WB 0.040 -0.005 871.9 0.115 0.200 108.70 01/05/2020 0.880 0.600 0.645 0.615 5171WA KIMLUN-WA 0.645 Unch 80 2.200 1.680 5.68 12/03/2024 0.060 0.005 0.005 0.005 7164WA KNM-WA 0.005 Unch 200 0.280 0.980 251.79 15/11/2017 0.140 0.065 0.085 0.075 7164WB KNM-WB 0.080 -0.005 558.3 0.280 1.000 285.71 21/04/2020 0.160 0.070 0.080 0.080 7017WB KOMARK-WB 0.080 Unch 15.6 0.250 0.300 52.00 21/01/2020 0.430 0.103 0.410 0.380 5878WB KPJ-WB 0.390 -0.015 1905.7 1.080 4.010 307.41 23/01/2019 0.130 0.080 0.080 0.080 5038CH KSL-CH 0.080 Unch 10 1.230 1.300 21.95 08/01/2018 0.835 0.390 0.585 0.570 5789WB LBS-WB 0.585 0.015 51.3 1.800 1.250 1.94 04/10/2020 0.110 0.015 0.060 0.055 5284CA LCTITAN-CA 0.055 -0.005 980.5 5.250 6.800 33.71 12/02/2018 0.080 0.015 0.020 0.020 5284CB LCTITAN-CB 0.020 Unch 7310 5.250 7.800 50.10 12/02/2018 0.260 0.050 0.090 0.080 5284CC LCTITAN-CC 0.085 Unch 450 5.250 7.500 47.71 30/01/2018 0.265 0.035 0.105 0.090 5284CD LCTITAN-CD 0.095 -0.010 835 5.250 6.500 29.24 30/01/2018 0.465 0.100 0.225 0.205 5284CE LCTITAN-CE 0.205 -0.005 936 5.250 5.500 16.48 30/01/2018 0.120 0.015 0.060 0.060 5284CF LCTITAN-CF 0.060 -0.005 765.7 5.250 6.280 27.62 30/01/2018 0.095 0.020 0.060 0.055 5284CG LCTITAN-CG 0.055 -0.005 366.6 5.250 6.500 30.10 30/04/2018 0.250 0.150 0.200 0.200 7126WA LONBISC-WA 0.200 Unch 30 0.740 1.000 62.16 26/01/2020 0.095 0.020 0.065 0.060 5068WA LUSTER-WA 0.060 -0.005 93 0.130 0.100 23.08 03/06/2022 0.065 0.015 0.045 0.040 0017WA M3TECH-WA 0.045 Unch 2129.7 0.085 0.100 70.59 21/08/2019 0.750 0.285 0.500 0.500 7617WB MAGNA-WB 0.500 Unch 13 1.340 0.900 4.48 04/09/2020 0.120 0.075 0.090 0.090 3859C2 MAGNUM-C2 0.090 Unch 200 1.790 1.800 10.61 22/01/2018 0.265 0.065 0.070 0.065 8583WB MAHSING-WB 0.065 -0.005 786.3 1.480 1.440 1.69 16/03/2018 0.170 0.085 0.130 0.120 8583WC MAHSING-WC 0.130 Unch 118.8 1.480 2.100 50.68 21/02/2020 0.160 0.065 0.110 0.090 5264C2 MALAKOF-C2 0.110 -0.005 11.1 1.040 1.050 11.54 30/04/2018 0.090 0.070 0.075 0.070 5264C3 MALAKOF-C3 0.070 -0.015 180 1.040 1.000 9.62 19/03/2018 0.990 0.090 0.455 0.420 6181WB MALTON-WB 0.435 -0.010 7246 1.200 1.000 19.58 29/06/2018 0.500 0.278 0.375 0.365 5236WA MATRIX-WA 0.370 Unch 169.1 2.250 2.400 23.11 20/07/2020 0.015 0.005 0.005 0.005 5189WA MAXWELL-WA 0.005 Unch 2500 0.025 0.400 1,520 24/03/2020 0.230 0.110 0.110 0.110 115528 MAYBANKC28 0.110 -0.015 80 9.780 9.500 0.74 31/10/2017 0.230 0.115 0.210 0.200 115529 MAYBANKC29 0.200 0.025 50.1 9.780 9.000 1.23 16/10/2017 0.190 0.095 0.140 0.115 115531 MAYBANKC31 0.135 -0.010 1275.5 9.780 9.500 1.28 28/02/2018 0.135 0.120 0.120 0.120 115532 MAYBANKC32 0.120 -0.010 50 9.780 10.000 7.16 28/02/2018 0.585 0.365 0.585 0.530 5152WA MBL-WA 0.570 0.040 1240 1.180 0.800 16.10 28/11/2022 0.230 0.070 0.070 0.070 1171C2 MBSB-C2 0.070 -0.005 85.3 1.200 1.300 14.17 02/02/2018 0.105 0.055 0.060 0.055 1171C3 MBSB-C3 0.055 -0.010 1216.1 1.200 1.350 21.67 28/02/2018 0.170 0.070 0.070 0.070 1171CW MBSB-CW 0.070 -0.005 60 1.200 1.150 7.50 28/11/2017 0.090 0.005 0.005 0.005 1171CY MBSB-CY 0.005 Unch 2033.5 1.200 1.250 5.42 29/09/2017 0.260 0.040 0.105 0.105 0167WB MCLEAN-WB 0.105 0.020 1.1 0.210 0.250 69.05 07/10/2020 0.085 0.025 0.040 0.040 5040WB MEDAINC-WB 0.040 Unch 4.2 0.420 0.800 100.00 22/04/2022 0.100 0.015 0.025 0.025 4502CK MEDIA-CK 0.025 Unch 300 0.765 1.000 37.25 28/02/2018 0.020 0.010 0.015 0.015 4502CL MEDIA-CL 0.015 Unch 116.9 0.765 1.180 58.17 28/02/2018 0.015 0.005 0.005 0.005 450201 MEDIA-MC01 0.005 Unch 130 0.765 1.200 58.17 14/12/2017 0.325 0.160 0.185 0.185 0081WA MEGASUN-WA 0.185 0.010 30 0.285 0.100 0.00 29/04/2019 0.365 0.140 0.225 0.220 1694WB MENANG-WB 0.225 0.005 111.9 0.910 1.000 34.62 09/07/2019 0.310 0.095 0.280 0.270 0075WA MEXTER-WA 0.280 0.010 428.6 0.405 0.130 1.23 17/09/2018 2.330 0.525 1.830 1.800 3069WA MFCB-WA 1.800 -0.050 272.5 3.650 2.220 10.14 08/04/2020 0.090 0.015 0.080 0.060 5186C3 MHB-C3 0.070 0.005 9610.2 0.815 0.900 27.61 25/01/2018 0.070 0.020 0.060 0.055 7219WA MINETEC-WA 0.055 Unch 261 0.150 0.150 36.67 27/11/2019 0.310 0.155 0.200 0.170 5576WC MINHO-WC 0.200 0.025 50.1 0.520 0.500 34.62 02/08/2021 0.600 0.365 0.375 0.365 9571WD MITRA-WD 0.365 -0.010 72.9 1.050 1.090 38.57 23/08/2020 1.085 0.505 0.615 0.555 6114WB MKH-WB 0.560 -0.070 116.1 2.130 1.550 -0.94 29/12/2017 0.105 0.016 0.055 0.045 0085WA MLAB-WA 0.045 -0.005 1687.5 0.095 0.090 42.11 24/04/2020 0.050 0.035 0.045 0.040 0085WB MLAB-WB 0.040 -0.005 26982.2 0.095 0.150 100.00 10/09/2020 0.880 0.300 0.760 0.740 7595WA MLGLOBAL-WA 0.760 Unch 47.3 1.300 0.500 -3.08 27/10/2019 0.115 0.045 0.045 0.045 2194C6 MMCCORP-C6 0.045 Unch 221 2.130 2.450 19.25 30/04/2018 0.055 0.020 0.035 0.030 0103WA MNC-WA 0.030 -0.005 1412 0.070 0.100 85.71 05/11/2021 0.070 0.020 0.040 0.030 0070WA MQTECH-WA 0.030 -0.005 8441.7 0.065 0.100 100.00 21/11/2021 0.135 0.005 0.005 0.005 165115 MRCB-C15 0.005 Unch 500 1.080 1.800 67.36 24/11/2017 0.060 0.010 0.010 0.010 165116 MRCB-C16 0.010 Unch 158 1.080 2.100 97.41 29/12/2017 0.065 0.030 0.035 0.030 165121 MRCB-C21 0.030 -0.010 110 1.080 1.400 33.80 30/04/2018 0.085 0.075 0.085 0.075 165124 MRCB-C24 0.075 Unch 1380 1.080 1.200 27.78 30/03/2018 0.035 0.030 0.035 0.030 165125 MRCB-C25 0.035 Unch 117.4 1.080 1.500 46.67 30/03/2018 0.175 0.065 0.075 0.065 1651WA MRCB-WA 0.065 -0.010 3982.4 1.080 2.300 118.98 14/09/2018 0.080 0.005 0.015 0.010 0092WA MTOUCHE-WA 0.010 Unch 900 0.220 1.260 477.27 17/01/2018 0.220 0.030 0.100 0.090 0092WB MTOUCHE-WB 0.095 0.005 246.6 0.220 0.540 188.64 16/03/2020 0.190 0.030 0.030 0.030 13815 MYEG-C15 0.030 -0.005 31.8 2.070 2.000 0.82 29/09/2017 0.255 0.070 0.100 0.090 13816 MYEG-C16 0.100 Unch 727 2.070 2.000 6.28 02/02/2018 0.170 0.040 0.040 0.040 13817 MYEG-C17 0.040 -0.005 600 2.070 2.300 15.94 30/11/2017 0.120 0.080 0.090 0.090 13824 MYEG-C24 0.090 -0.005 3272.6 2.070 2.100 12.75 28/02/2018 0.480 0.115 0.310 0.300 0138C8 MYEG-C8 0.310 -0.005 1956.2 2.070 1.567 0.65 31/10/2017 0.745 0.220 0.690 0.665 0108WA N2N-WA 0.670 -0.020 323.4 0.990 0.320 0.00 06/04/2018 0.065 0.005 0.035 0.030 0020WB NETX-WB 0.035 0.005 25553.3 0.055 0.050 54.55 08/06/2019 0.100 0.035 0.040 0.040 7215WA NIHSIN-WA 0.040 Unch 735.2 0.250 0.200 -4.00 11/02/2018 0.415 0.190 0.300 0.295 0172WA OCK-WA 0.295 -0.010 486.1 0.905 0.710 11.05 15/12/2020 0.255 0.060 0.135 0.135 7071WC OCR-WC 0.135 Unch 256.6 0.575 0.500 10.43 24/07/2021 0.280 0.045 0.055 0.050 9008WB OMESTI-WB 0.055 0.005 102 0.475 0.500 16.84 30/05/2018 0.370 0.195 0.285 0.275 5053WC OSK-WC 0.285 Unch 32 1.580 1.800 31.96 22/07/2020 0.500 0.180 0.435 0.435 7052CK PADINI-CK 0.435 0.015 2 4.390 3.200 2.62 28/02/2018 0.325 0.235 0.270 0.260 7052CL PADINI-CL 0.270 0.005 23.5 4.390 3.670 8.20 26/02/2018 0.330 0.155 0.270 0.265 7052CM PADINI-CM 0.270 0.010 9 4.390 3.750 6.95 22/02/2018 0.150 0.110 0.125 0.125 7052CN PADINI-CN 0.125 0.015 200 4.390 4.500 13.90 29/06/2018 0.210 0.025 0.175 0.150 0005WA PALETTE-WA 0.160 -0.005 5234.1 0.205 0.040 -2.44 20/03/2018 0.300 0.080 0.220 0.210 5125WA PANTECH-WA 0.210 -0.010 355.4 0.635 0.500 11.81 21/12/2020 0.300 0.105 0.230 0.230 5125WB PANTECH-WB 0.230 -0.010 8 0.635 0.500 14.96 21/12/2021 0.165 0.100 0.140 0.140 129515 PBBANK-C15 0.140 -0.005 50 20.600 20.300 1.94 30/04/2018 0.210 0.150 0.180 0.180 518313 PCHEM-C13 0.180 0.010 100 7.350 7.000 3.81 31/05/2018 0.255 0.035 0.100 0.085 5183C9 PCHEM-C9 0.100 0.015 149.1 7.350 7.000 0.00 29/09/2017 0.400 0.200 0.220 0.215 9997WB PENSONI-WB 0.215 -0.010 120 0.600 0.600 35.83 20/01/2024 0.485 0.180 0.305 0.300 8311WC PESONA-WC 0.300 -0.005 148.6 0.540 0.250 1.85 27/01/2020 0.130 0.085 0.100 0.100 5681CS PETDAG-CS 0.100 Unch 0.3 24.260 24.100 3.46 30/03/2018 0.150 0.015 0.020 0.020 6033CO PETGAS-CO 0.020 Unch 331.3 18.440 19.800 8.35 29/12/2017

Main Market & Ace Market Warrants

MarketsG L O B A L M A R K E T S . B 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

TUESDAY SEPTEMBER 26, 2017 • THEED G E FINANCIAL DAILY 2 7

Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants

China — Stocks sag on property curbs, slowdown fears

SHANGHAI: China stocks fell yesterday, as developers slumped after a new round of government curbs to rein in the heated housing market. The blue-chip CSI 300 Index fell 0.52%or 19.94 points to 3,817.79, while the Shanghai Composite Index lost 0.33% or 10.98 points to 3,341.55. Property fi rms were the biggest drag in the market, with an index tracking major developers tumbling 5.1% in its worst day since early 2016. A number of provincial capitals across China have rolled out new measures to further slow home property sales, and bear down on lingering speculators that could destabilise markets ahead of a key Communist Party congress next month. There were also signs the authorities are stepping up their efforts to crackdown on illegal lending to the sector. Investor sentiment was also undermined by simmering concerns that China’s beefed-up environmental protection could reduce demand, and consequently economic growth. UBS strategist Gao Ting said that some top-down investors now anticipate a slowdown in China’s gross domestic product growth, and worry about the sustainability of the global economic recovery. Although China’s supply-side reforms

and tighter environmental protection measures have so far been well received by the market, “some investors now worry that these measures have started hurting demand,” Gao wrote in his latest strategy report. He said stronger environmental protections could force many smaller resource fi rms to halt production, affecting investment, while surging upstream costs may fi nally pass through to consumer goods and services, undermining demand. “If demand is softer than expected in the upcoming peak season, both commodity prices and related stock prices may fall in response.” An index tracking resource shares in China fell 2%. Most sectors lost ground for the day, while consumer and healthcare fi rms led the gains, as investors sought shelter in defensive players. Hong Kong stocks posted their biggest one-day loss in six weeks yesterday, with a slump in property shares hitting already fragile sentiment after the US Federal Reserve’s hawkish stance and Standard and Poor’s downgrade of China’s credit rating previous week. At the closing bell, the Hang Seng Index dropped 1.36% or 380.19 points to 27,500.34, while the Hong Kong China Enterprises Index lost 1.77% or 196.54 points to 10,912.46. Hong Kong has close economic and fi nancial links with the mainland.

Japan — Nikkei rises on weak yen, stimulus hopes; exporters shine

TOKYO: Japan’s Nikkei Share Average rose yesterday as a weaker yen lifted exporters, while expectations of economic stimulus measures after an election next month supported overall sentiment. As the end of Japan’s fiscal first half looms on Sept 30 for a majority of listed companies, the market was also underpinned by investors buying up stocks before they go ex-dividend tomorrow. The Nikkei ended up 0.5% at 20,397.58 after adding 1.9% previous week and hitting a two-year high of 20,481.27 on the back of strong gains in US stocks and a weakening yen, as well as election hopes. Japanese Prime Minister Shinzo Abe said he would dissolve parliament’s lower house on Thursday for a snap election, seeking a mandate to stick to his tough stance towards a volatile North Korea and rebalance the social security system. Abe, in power for fi ve years, had been expected to call the election for next month to take advantage of improved support and disarray in the opposition camp. “I’ll demonstrate strong leadership and stand at the forefront to face a national crisis,” Abe told reporters, mentioning Japan’s fast-ageing population and North Korea. Abe ordered his cabinet to compile new economic stimulus measures by year-end in a package worth around ¥2 trillion.

He said he would redirect some revenue from a planned sales tax hike in 2019 to childcare and education rather than paying back public debt, although he added he would not abandon fi scal reform. Rebalancing the spending would offset the potential negative effect on consumption from the tax rise, he said. A weekend survey by the Nikkei business daily showed 44% of voters planned to vote for Abe’s Liberal Democratic Party (LDP) versus 8% for the main opposition Democratic Party. “According to the Nikkei polls, it seems we can expect an LDP victory, so the election is a mostly supportive factor rather than a worrying factor for markets,” said Yutaka Miura, a senior technical analyst at Mizuho Securities. Exporters were steady as the US dollar gained 0.2% to ¥112.25. Ketene Corp and TDK Corp both surged 2% and Advantest Corp climbed 1.3%. SoftBank Group Corp rose 0.8% and was the third most-traded stock by turnover after sources told Reuters that T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp, a major breakthrough in efforts to merge the third- and fourth-largest US wireless carriers. SoftBank, which controls Sprint, and other Sprint shareholders will own 40% to 50% of the combined company, while T-Mobile majority owner Deutsche Telekom and the T-Mobile shareholders will own a majority, the sources said. — Reuters

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Sept 25, 2017

1900

2875

3850

4825

58003,341.55

-10.98(-0.33%)

Hang SengIndex points

21,056.93

Mar 1, 2010 Sept 25, 2017

27,500.34-380.19

(-1.36%)15800

19075

22350

25625

28900

Nikkei 225Index points

10,172.06

Mar 1, 2010 Sept 25, 2017

8100

11275

14450

17625

20800

20,397.58+101.13

(+0.50%)

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

3,215.91-4.34

(-0.13%)

Sept 25 2017

2400

2700

3000

3300

3600

Bursa Malaysia Equity Derivatives

0.315 0.085 0.310 0.295 3042CC PETRONM-CC 0.310 0.005 2420 10.300 6.500 -0.78 29/09/2017 0.460 0.180 0.305 0.285 3042CD PETRONM-CD 0.290 -0.010 257.4 10.300 8.500 16.31 22/02/2018 0.110 0.100 0.105 0.100 8869C1 PMETAL-C1 0.105 Unch 40 3.730 3.800 13.14 29/06/2018 0.260 0.170 0.240 0.240 8869CU PMETAL-CU 0.240 -0.015 74 3.730 3.000 6.17 19/03/2018 0.215 0.160 0.200 0.200 8869CV PMETAL-CV 0.200 -0.005 500 3.730 3.300 9.92 22/03/2018 0.210 0.185 0.205 0.205 8869CZ PMETAL-CZ 0.205 -0.005 50 3.730 3.300 10.46 30/03/2018 3.400 2.200 3.350 3.350 8869WC PMETAL-WC 3.350 -0.030 5 3.730 0.390 0.27 22/08/2019 1.050 0.640 0.935 0.905 7088WB POHUAT-WB 0.935 0.040 932 1.960 1.000 -1.28 21/10/2020 0.210 0.160 0.160 0.160 463410 POS-C10 0.160 -0.040 8 5.350 5.500 14.77 22/01/2018 0.185 0.100 0.130 0.125 463411 POS-C11 0.125 -0.010 571.8 5.350 5.300 9.58 30/04/2018 0.370 0.140 0.170 0.165 4634C9 POS-C9 0.170 -0.015 665.3 5.350 4.900 5.89 16/10/2017 0.710 0.250 0.615 0.610 7168WA PRG-WA 0.610 Unch 43 1.010 0.375 -2.48 06/07/2019 0.710 0.400 0.430 0.410 8966WA PRLEXUS-WA 0.430 Unch 76 1.130 1.200 44.25 14/06/2021 0.145 0.040 0.080 0.080 7145WA PSIPTEK-WA 0.080 Unch 113 0.135 0.100 33.33 16/11/2019 0.140 0.020 0.075 0.075 0007WA PUC-WA 0.075 Unch 240 0.145 0.100 20.69 25/12/2024 0.145 0.015 0.070 0.065 0007WB PUC-WB 0.065 Unch 250 0.145 0.100 13.79 15/02/2019 0.490 0.205 0.240 0.240 6807WB PUNCAK-WB 0.240 -0.015 10.2 0.740 1.000 67.57 20/07/2018 0.750 0.235 0.655 0.640 7134WA PWF-WA 0.640 -0.015 72.4 1.110 0.620 13.51 20/07/2021 0.170 0.030 0.095 0.085 5256WA REACH-WA 0.090 Unch 9522.2 0.375 0.750 124.00 12/08/2022 0.110 0.020 0.045 0.035 1066C2 RHBBANK-C2 0.035 -0.010 437.5 5.160 5.600 10.56 28/02/2018 0.155 0.035 0.050 0.050 1066CY RHBBANK-CY 0.050 -0.010 150 5.160 5.250 6.59 28/11/2017 0.090 0.050 0.055 0.050 5270WA RSENA-WA 0.050 Unch 12331.3 0.455 0.500 20.88 01/12/2023 0.120 0.025 0.035 0.030 0133WC SANICHI-WC 0.035 0.005 50.1 0.165 0.630 303.03 24/09/2019 0.150 0.060 0.065 0.060 0133WD SANICHI-WD 0.065 -0.005 134.3 0.165 0.300 121.21 21/07/2019 0.315 0.065 0.305 0.280 5157WA SAUDEE-WA 0.280 -0.020 900.9 0.570 0.500 36.84 31/03/2021 0.025 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 356 0.030 0.050 100.00 06/11/2019 0.185 0.055 0.115 0.110 0161WA SCH-WA 0.110 -0.005 83 0.200 0.100 5.00 04/12/2021 0.190 0.055 0.110 0.110 0028WA SCOPE-WA 0.110 Unch 17 0.220 0.150 18.18 17/07/2020 0.785 0.160 0.440 0.440 7073WB SEACERA-WB 0.440 -0.020 45 0.925 1.000 55.68 29/05/2019 0.170 0.010 0.035 0.035 5250CF SEM-CF 0.035 Unch 170 1.470 1.550 10.20 28/11/2017 0.270 0.015 0.050 0.045 521838 SENERGYC38 0.045 -0.005 4532.7 1.660 1.650 4.82 30/11/2017 0.100 0.015 0.025 0.025 521845 SENERGYC45 0.025 -0.005 66.8 1.660 2.000 23.49 28/02/2018 0.110 0.050 0.090 0.090 521846 SENERGYC46 0.090 -0.010 850 1.660 1.700 14.88 30/01/2018 0.110 0.055 0.105 0.105 521847 SENERGYC47 0.105 0.005 1000 1.660 1.700 15.06 30/01/2018 0.130 0.105 0.125 0.125 521850 SENERGYC50 0.125 0.005 1270 1.660 1.600 11.45 29/06/2018 0.200 0.115 0.175 0.170 5279CA SERBADK-CA 0.175 0.010 790 2.210 2.000 10.29 02/02/2018 0.145 0.090 0.120 0.120 5279CB SERBADK-CB 0.120 -0.010 50 2.210 2.500 26.70 26/02/2018 0.120 0.090 0.110 0.105 5279CD SERBADK-CD 0.105 Unch 1127.4 2.210 2.600 31.90 30/03/2018 0.155 0.115 0.140 0.140 5279CE SERBADK-CE 0.140 -0.005 100 2.210 2.200 18.55 30/03/2018 0.215 0.075 0.115 0.115 0055WA SERSOL-WA 0.115 Unch 34 0.180 0.180 63.89 18/04/2023 0.350 0.210 0.240 0.220 7246WA SIGN-WA 0.240 0.020 6.5 0.865 0.970 39.88 21/04/2021 0.190 0.040 0.050 0.050 419714 SIME-C14 0.050 -0.005 1360 9.100 9.000 1.65 29/12/2017 0.055 0.050 0.050 0.050 419715 SIME-C15 0.050 Unch 140 9.100 10.000 12.64 19/03/2018 0.245 0.070 0.075 0.075 9776WB SMCAP-WB 0.075 Unch 183.2 0.590 1.000 82.20 13/07/2018 0.405 0.135 0.200 0.200 5213WA SNTORIA-WA 0.200 Unch 1 0.800 0.600 0.00 15/04/2019 0.835 0.520 0.565 0.520 5242WA SOLID-WA 0.530 -0.060 22.3 1.020 0.500 0.98 16/12/2020 0.285 0.135 0.165 0.160 0093WA SOLUTN-WA 0.160 -0.005 132.5 0.280 0.200 28.57 04/07/2021 0.160 0.105 0.125 0.105 8664C2 SPSETIA-C2 0.105 -0.005 206.6 3.430 3.600 12.61 30/03/2018 0.210 0.040 0.040 0.040 8664CV SPSETIA-CV 0.040 -0.010 250 3.430 3.400 3.79 31/10/2017 0.400 0.080 0.160 0.125 8664CW SPSETIA-CW 0.125 -0.010 210.9 3.430 3.400 4.59 29/12/2017 0.200 0.020 0.025 0.020 8664CY SPSETIA-CY 0.020 Unch 1649.8 3.430 3.900 14.87 08/12/2017 0.140 0.035 0.055 0.055 0129WA SRIDGE-WA 0.055 -0.005 135.2 0.150 0.180 56.67 24/02/2023 0.125 0.020 0.070 0.065 0140WA STERPRO-WA 0.065 Unch 440 0.200 0.480 172.50 17/02/2021 0.175 0.095 0.170 0.160 0080WA STRAITS-WA 0.160 -0.010 1708.6 0.245 0.115 12.24 10/08/2022 0.060 0.015 0.020 0.020 1201WB SUMATEC-WB 0.020 Unch 220 0.060 0.175 225.00 13/11/2018



0.090 0.040 0.040 0.040 3743CA SUNSURIA-CA 0.040 -0.005 116 1.390 1.600 20.86 26/02/2018 0.505 0.150 0.375 0.370 3743WA SUNSURIA-WA 0.375 -0.010 64.4 1.390 1.500 34.89 22/07/2020 0.235 0.060 0.145 0.140 0148WB SUNZEN-WB 0.145 -0.005 30 0.335 0.250 17.91 25/02/2021 0.155 0.010 0.015 0.010 710627 SUPERMX-C27 0.010 -0.005 285.8 1.720 2.000 17.44 02/02/2018 0.220 0.125 0.135 0.130 7082WB SYF-WB 0.135 Unch 236 0.480 0.700 73.96 11/11/2019 0.365 0.125 0.220 0.220 1538WB SYMLIFE-WB 0.220 Unch 20 0.880 1.100 50.00 11/11/2020 0.165 0.040 0.090 0.090 5158CD TAGB-CD 0.090 -0.005 250 0.390 0.300 0.00 31/10/2017 0.330 0.145 0.170 0.155 8524WB TALIWRK-WB 0.155 Unch 29.6 1.420 1.700 30.63 11/11/2018 0.130 0.050 0.060 0.060 0132WA TDEX-WA 0.060 -0.005 120 0.145 0.110 17.24 21/09/2018 1.040 0.300 0.330 0.330 7200WA TEKSENG-WA 0.330 0.005 28.3 0.510 0.250 13.73 29/01/2020 0.195 0.085 0.115 0.110 534735 TENAGA-C35 0.115 -0.005 3306 14.400 13.800 0.63 30/11/2017 0.490 0.235 0.350 0.345 7252WA TEOSENG-WA 0.350 -0.005 15.1 0.965 1.350 76.17 29/01/2020 0.160 0.040 0.090 0.090 0145WA TFP-WA 0.090 Unch 198.8 0.170 0.100 11.76 15/02/2019 3.350 2.500 2.530 2.500 7034WA TGUAN-WA 2.530 Unch 17.5 4.040 1.500 -0.25 09/10/2019 0.115 0.040 0.045 0.040 486318 TM-C18 0.045 Unch 100 6.390 6.600 6.10 07/12/2017 0.305 0.125 0.195 0.160 0101WB TMCLIFE-WB 0.190 0.030 3173.4 0.830 0.750 13.25 21/06/2019 0.810 0.560 0.590 0.590 8397WC TNLOGIS-WC 0.590 0.005 20 1.570 1.000 1.27 26/12/2018 0.485 0.109 0.400 0.400 7285WA TOMYPAK-WA 0.400 -0.005 60 0.945 0.930 40.74 21/06/2021 0.200 0.035 0.095 0.085 711317 TOPGLOV-C17 0.085 -0.005 118.6 5.400 5.200 3.38 29/12/2017 0.360 0.210 0.240 0.240 5401WA TROP-WA 0.240 0.010 35 0.950 1.000 30.53 06/12/2019 0.140 0.005 0.005 0.005 9059CJ TSH-CJ 0.005 Unch 200 1.660 1.900 14.91 16/10/2017 0.425 0.110 0.190 0.190 5042WB TSRCAP-WB 0.190 -0.035 15 0.580 0.700 53.45 28/12/2020 0.175 0.005 0.015 0.010 5230CN TUNEPRO-CN 0.010 -0.005 525 1.150 1.500 31.74 30/11/2017 0.100 0.015 0.015 0.015 514845 UEMS-C45 0.015 -0.005 365.7 1.150 1.200 7.87 31/10/2017 0.075 0.050 0.050 0.050 514851 UEMS-C51 0.050 Unch 500 1.150 1.200 13.04 22/02/2018 0.070 0.010 0.015 0.015 524318 UMWOG-C18 0.015 Unch 50 0.340 0.586 78.72 29/12/2017 0.305 0.085 0.230 0.215 5005CU UNISEM-CU 0.220 -0.055 175 3.740 2.700 1.60 16/10/2017 0.395 0.195 0.250 0.225 5005CV UNISEM-CV 0.230 -0.040 350 3.740 3.100 1.34 30/11/2017 0.200 0.110 0.115 0.110 5005CX UNISEM-CX 0.110 -0.035 110 3.740 3.450 5.48 30/11/2017 0.230 0.110 0.115 0.110 5005CY UNISEM-CY 0.110 -0.025 77.3 3.740 4.000 15.78 08/01/2018 0.200 0.125 0.130 0.125 5005CZ UNISEM-CZ 0.125 -0.030 45 3.740 3.800 11.63 31/05/2018 0.105 0.025 0.050 0.050 0069WB VIVOCOM-WB 0.050 Unch 4200.7 0.135 0.200 85.19 07/09/2018 0.140 0.050 0.080 0.080 0069WC VIVOCOM-WC 0.080 Unch 1240.8 0.135 0.100 33.33 22/01/2020 0.140 0.055 0.085 0.080 0069WD VIVOCOM-WD 0.080 Unch 846.2 0.135 0.100 33.33 08/07/2020 0.055 0.020 0.035 0.030 7070WB VIZIONE-WB 0.030 -0.005 1389.8 0.150 0.160 26.67 20/06/2018 0.115 0.030 0.100 0.095 7070WC VIZIONE-WC 0.100 Unch 2997.9 0.150 0.100 33.33 05/02/2022 0.650 0.200 0.630 0.570 7240WA VOIR-WA 0.610 Unch 19 1.010 0.500 9.90 31/03/2024 0.435 0.155 0.435 0.415 6963CM VS-CM 0.435 0.040 730 2.670 1.800 0.00 30/11/2017 0.350 0.115 0.350 0.325 6963CN VS-CN 0.350 0.030 310.2 2.670 2.000 1.12 08/12/2017 0.220 0.090 0.220 0.215 6963CO VS-CO 0.220 0.020 60.1 2.670 2.200 3.00 30/11/2017 0.185 0.105 0.185 0.180 6963CQ VS-CQ 0.185 0.005 160 2.670 2.280 6.18 30/03/2018 0.055 0.005 0.010 0.005 0066WA VSOLAR-WA 0.010 Unch 150.1 0.100 0.120 30.00 01/12/2017 1.000 0.240 1.000 0.945 6963WA VS-WA 0.990 0.045 24373 2.670 1.650 -1.12 06/01/2019 0.135 0.010 0.010 0.010 3565CA WCEHB-CA 0.010 Unch 100 1.250 1.650 33.60 30/11/2017 0.085 0.015 0.015 0.015 3565CB WCEHB-CB 0.015 -0.005 100 1.250 1.700 38.40 08/01/2018 0.340 0.010 0.010 0.010 9679CZ WCT-CZ 0.010 Unch 100 1.720 2.000 17.15 31/10/2017 0.665 0.070 0.090 0.070 9679WD WCT-WD 0.080 -0.010 1863.1 1.720 1.710 4.07 11/12/2017 0.570 0.175 0.290 0.285 9679WE WCT-WE 0.285 -0.010 159.2 1.720 2.080 37.50 27/08/2020 0.930 0.490 0.675 0.665 7245WA WZSATU-WA 0.670 Unch 33 1.090 0.500 7.34 28/10/2024 0.220 0.020 0.165 0.150 5156WC XDL-WC 0.165 0.005 38.4 0.290 0.160 12.07 02/07/2018 0.020 0.005 0.015 0.010 0095WA XINGHE-WA 0.015 0.005 1900.1 0.055 0.100 109.09 22/03/2019 0.110 0.035 0.060 0.055 0165WA XOX-WA 0.055 Unch 2616.1 0.105 0.200 142.86 10/02/2019 0.185 0.050 0.060 0.060 7020WB YKGI-WB 0.060 Unch 130 0.200 0.500 180.00 28/05/2020 1.100 0.645 1.090 1.030 7066WA YONGTAI-WA 1.070 0.030 1524.4 1.600 0.500 -1.87 24/06/2020 0.100 0.015 0.020 0.015 4677C8 YTL-C8 0.020 Unch 101.5 1.380 1.500 10.14 29/12/2017 0.090 0.030 0.030 0.030 4677C9 YTL-C9 0.030 Unch 100 1.380 1.400 5.80 07/12/2017 0.115 0.040 0.040 0.040 6742C1 YTLPOWR-C1 0.040 Unch 80 1.380 1.400 4.35 28/02/2018 0.450 0.260 0.280 0.260 6742WB YTLPOWR-WB 0.265 -0.005 473.3 1.380 1.140 1.81 11/06/2018 0.110 0.040 0.050 0.045 2283WA ZELAN-WA 0.045 Unch 125.2 0.125 0.250 136.00 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

ASTRO MALAYSIA (497,200) EMPLOYEES PROVIDENT FUND BOARD 313,717,100 19/9BIMB 19,250,000 LEMBAGA TABUNG HAJI 870,039,300 19/9CAN-ONE (473,000) KOON YEW YIN 11,486,400 19 - 21/9CIMB GROUP 3,171,900 EMPLOYEES PROVIDENT FUND BOARD 1,175,854,813 8/9CIMB GROUP 492,900 KUMPULAN WANG PERSARAAN 517,988,325 14 & 15/9 (DIPERBADANKAN) D&O GREEN TECHNOLOGIES (850,000) LIM THIAN SOO 112,597,425 18/9DIALOG GROUP 2,657,900 EMPLOYEES PROVIDENT FUND BOARD 701,841,650 18/9DIGI.COM (822,800) EMPLOYEES PROVIDENT FUND BOARD 1,052,761,904 14, 15 & 18/9HUBLINE (34,498,300) ABSOLUTE PRIVILEGE 34,498,300 19/9INARI AMERTRON (2,046,700) KUMPULAN WANG PERSARAAN 153,047,850 20/9 (DIPERBADANKAN) IOI CORPORATION 3,065,300 EMPLOYEES PROVIDENT FUND BOARD 594,454,273 18/9LAFARGE MALAYSIA 1,160,600 EMPLOYEES PROVIDENT FUND BOARD 67,118,289 13 - 15 & 18/9M3 TECHNOLOGIES (ASIA) 500,000 LIM SENG BOON 78,291,840 20/9MAH SING GROUP (575,800) EMPLOYEES PROVIDENT FUND BOARD 217,092,961 19/9MALAYAN BANKING 2,500,000 AMANAHRAYA TRUSTEES 3,700,453,585 19/9 - SKIM AMANAH SAHAM BUMIPUTERAMEDIA PRIMA 1,250,000 MORGAN STANLEY & CO. LLC. US 87,599,300 19/9MMAG 25,312,000 INNOFARM 39,612,000 20/9MNRB (571,200) AMANAHRAYA TRUSTEES 146,128,800 19/9 - SKIM AMANAH SAHAM BUMIPUTERAMUDAJAYA GROUP (10,000,000) MULPHA INFRASTRUCTURE 90,327,000 18/9PALETTE MULTIMEDIA (712,000) CHUAN TSUI JU 750 20/9PETRONAS CHEMICALS GROUP 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 670,803,900 18/9POS MALAYSIA 977,900 EMPLOYEES PROVIDENT FUND BOARD 59,901,336 13, 14 & 18/9PUBLIC BANK (1,030,100) EMPLOYEES PROVIDENT FUND BOARD 522,462,900 18/9SERBA DINAMIK (5,400,000) DATO AWANG DAUD AWANG PUTERA 156,345,700 19/9SERBA DINAMIK 6,810,000 KUMPULAN WANG PERSARAAN 67,923,900 19/9 (DIPERBADANKAN)SIME DARBY (853,000) EMPLOYEES PROVIDENT FUND BOARD 751,492,831 15 & 18/9SIME DARBY (2,217,800) AMANAHRAYA TRUSTEES 2,785,004,900 19/9 - SKIM AMANAH SAHAM BUMIPUTERASIME DARBY 4,250,000 PERMODALAN NASIONAL 418,397,392 15/9SKP RESOURCES (1,616,000) KUMPULAN WANG PERSARAAN 73,258,300 20/9 (DIPERBADANKAN)STAR MEDIA GROUP 907,400 EMPLOYEES PROVIDENT FUND BOARD 45,955,500 18/9STRAITS INTER LOGISTICS 1,000,000 DATO’ SRI HO KAM CHOY 59,185,200 19/9SUNWAY (1,179,200) EMPLOYEES PROVIDENT FUND BOARD 108,957,191 18/9SUNWAY REAL ESTATE 600,000 EMPLOYEES PROVIDENT FUND BOARD 393,455,200 18/9INVESTMENT TRUSTSUNWAY REAL ESTATE (1,413,700) AMANAHRAYA TRUSTEES 202,486,100 19/9INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA TELEKOM MALAYSIA 1,018,900 EMPLOYEES PROVIDENT FUND BOARD 668,856,774 13 & 18/9TENAGA NASIONAL (5,000,000) AMANAHRAYA TRUSTEES 367,866,700 19/9 - SKIM AMANAH SAHAM BUMIPUTERATOMYPAK (2,400,000) NEW ORIENT RESOURCES 103,202,752 19/9UMW OIL & GAS CORPORATION 525,293 EMPLOYEES PROVIDENT FUND BOARD 207,117,069 14/9WCT 1,009,702 EMPLOYEES PROVIDENT FUND BOARD 113,902,308 13/9YINSON 13,800,000 LEMBAGA TABUNG HAJI 55,049,200 19/9

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on Sept 21, 2017)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.

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 $ 0.613 0.728 0.709 0.540 0.897 0.983 0.983 0.915 3.0635 4.821 59.632 4.563 2.674 9,703 47.405 81.652 5.690 36.912 2.652 2.731 5.844 24.096 5.691

EURO 1.631 1.187 1.156 0.880 1.463 1.603 1.603 1.492 4.9954 7.860 97.236 7.440 4.361 15,822 77.299 133.143 9.278 60.189 4.324 4.453 9.530 39.291 9.279

US $ 1.373 0.842 0.974 0.741 1.232 1.350 1.350 1.256 4.2070 6.620 81.890 6.266 3.673 13,325 65.100 112.130 7.814 50.690 3.642 3.750 8.026 33.090 7.815

SWISS FR 1.410 0.865 1.027 0.761 1.265 1.386 1.387 1.290 4.3197 6.797 84.084 6.434 3.771 13,682 66.844 115.134 8.023 52.048 3.739 3.851 8.241 33.976 8.024

STERLING £ 1.852 1.136 1.349 1.314 1.662 1.821 1.822 1.694 5.6748 8.930 110.461 8.452 4.954 17,974 87.813 151.251 10.540 68.375 4.912 5.058 10.826 44.635 10.541

CANADA $ 1.114 0.683 0.811 0.790 0.602 1.095 1.096 1.019 3.4139 5.372 66.452 5.085 2.980 10,813 52.827 90.991 6.341 41.134 2.955 3.043 6.513 26.852 6.341

BRUNEI $ 1.017 0.624 0.741 0.721 0.549 0.913 1.000 0.930 3.1163 4.904 60.659 4.641 2.721 9,870 48.222 83.059 5.788 37.548 2.697 2.778 5.945 24.511 5.789

SINGAPORE $ 1.017 0.624 0.741 0.721 0.549 0.913 1.000 0.930 3.1154 4.902 60.642 4.640 2.720 9,868 48.208 83.035 5.786 37.537 2.697 2.777 5.943 24.504 5.787

AUSTRALIA $ 1.093 0.670 0.796 0.775 0.590 0.981 1.075 1.075 3.3492 5.270 65.193 4.988 2.924 10,608 51.826 89.267 6.221 40.354 2.899 2.985 6.389 26.343 6.221

MALAYSIA RM 0.326 0.200 0.238 0.231 0.176 0.293 0.321 0.321 0.299 1.0000 1.574 19.465 1.489 0.873 3,167 15.474 26.653 1.857 12.049 0.866 0.891 1.908 7.865 1.858

100 CHINESE RMB 20.745 12.722 15.106 14.712 11.199 18.615 20.393 20.399 18.975 63.5510 1,237 94.653 55.480 201,289 983.396 1,694 118.037 765.721 55.009 56.649 121.234 499.858 118.048

100 BANGLAD’H TAKA 1.677 1.028 1.221 1.189 0.905 1.505 1.649 1.649 1.534 5.1374 8.084 7.652 4.485 16,272 79.496 136.927 9.542 61.900 4.447 4.579 9.800 40.408 9.543

100 DANISH KRONER 21.916 13.441 15.959 15.543 11.831 19.667 21.545 21.551 20.047 67.1410 105.65 1,307 58.614 212,660 1,038.95 1,790 124.70 808.98 58.12 59.85 128.08 528.10 124.72

100 UAE DIRHAM 37.391 22.931 27.228 26.518 20.185 33.553 36.758 36.768 34.202 114.5479 180.25 2,230 170.61 362,815 1,773 3,053 212.76 1,380 99.15 102.11 218.52 900.97 212.78

1000 INA RUPIAH 0.010 0.006 0.008 0.007 0.006 0.009 0.010 0.010 0.009 0.0316 0.050 0.615 0.047 0.028 0.489 0.841 0.059 0.380 0.027 0.028 0.060 0.248 0.059

100 INDIA RUPEE 2.109 1.294 1.536 1.496 1.139 1.893 2.074 2.074 1.930 6.4624 10.169 125.792 9.625 5.642 20,469 172.243 12.003 77.865 5.594 5.761 12.328 50.830 12.004

100 JAPAN YEN 1.225 0.751 0.892 0.869 0.661 1.099 1.204 1.204 1.120 3.7519 5.904 73.031 5.588 3.275 11,884 58.057 6.969 45.206 3.248 3.344 7.157 29.510 6.969

100 NORWEGIAN KRONER 17.575 10.778 12.798 12.464 9.488 15.771 17.277 17.282 16.075 53.8400 84.719 1,048 80.189 47.002 170,531 833.127 1,435 648.714 46.603 47.993 102.709 423.477 100.009

100 PHILIPPINE PESO 2.709 1.661 1.973 1.921 1.463 2.431 2.663 2.664 2.478 8.2995 13.060 161.551 12.361 7.245 26,288 128.428 221.208 15.415 7.184 7.398 15.833 65.279 15.417

100 QATAR RIYAL 37.712 23.127 27.461 26.745 20.358 33.841 37.073 37.083 34.495 115.5293 181.790 2,249 172.070 100.857 365,923 1,788 3,079 214.579 1,392 102.982 220.392 908.692 214.598

100 SAUDI RIYAL 36.619 22.457 26.666 25.970 19.769 32.861 35.999 36.009 33.496 112.1837 176.525 2,184 167.087 97.936 355,327 1,736 2,990 208.365 1,352 97.104 214.009 882.377 208.384

100 SWEDISH KRONOR 17.111 10.494 12.460 12.135 9.237 15.355 16.821 16.826 15.651 52.4200 82.485 1,020.366 78.074 45.763 166,033 811.154 1,397 97.363 631.604 45.374 46.727 412.308 97.371

100 THAI BAHT 4.150 2.545 3.022 2.943 2.240 3.724 4.080 4.081 3.796 12.7138 20.006 247.477 18.936 11.099 40,269 196.735 338.863 23.614 153.188 11.005 11.333 24.254 23.616

100 HK$ 17.573 10.777 12.797 12.463 9.487 15.769 17.275 17.280 16.074 53.8351 84.712 1,047.911 80.182 46.998 170,515 833.051 1,435 99.991 648.655 46.599 47.988 102.700 423.438

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

BURSA-MC01 0.050 0.050 0.050 10TM-C18 0.045 0.040 0.045 100TAKAFUL 3.670 3.580 3.600 511.7IHH-C5 0.145 0.140 0.145 30IHH-C3 0.015 0.015 0.015 139.8GENM-C24 0.125 0.100 0.110 1187.8MBSB-C3 0.060 0.055 0.055 1216.1EKOVEST-WB 0.690 0.675 0.675 764.5MRCB 1.130 1.080 1.080 5907MYEG-C17 0.040 0.040 0.040 600HSI-H2K 0.095 0.090 0.090 50YTLPOWR 1.400 1.380 1.380 4439UNISEM-CY 0.115 0.110 0.110 77.3GENM-C28 0.095 0.090 0.090 80GENM-C26 0.090 0.080 0.080 416.2ACOSTEC 0.435 0.400 0.420 633.7MAYBANKC28 0.110 0.110 0.110 80AAX-C7 0.015 0.015 0.015 200DIALOG-MC01 0.095 0.095 0.095 50GAMUDA-C39 0.100 0.090 0.090 760HSI-H2I 0.060 0.055 0.060 50CIMB-C27 0.055 0.050 0.055 5321

This 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)

MMAG 0.265 0.230 0.260 53962.4EFORCE-WA 1.190 1.110 1.120 1432.3HAIO 5.000 4.930 4.950 289.1HAIO-CA 0.205 0.185 0.190 358.2POHKONG 0.795 0.710 0.735 16825.9BREM 1.090 1.030 1.080 4577.3EFORCE 1.510 1.460 1.460 1285.9VS 2.670 2.570 2.670 3931.9VS-CM 0.435 0.415 0.435 730GBH 1.430 1.400 1.430 20VS-WA 1.000 0.945 0.990 24373VS-CO 0.220 0.215 0.220 60.1VS-CN 0.350 0.325 0.350 310.2CIMBA40 2.140 2.140 2.140 4.8DRBHCOMC43 0.095 0.095 0.095 88.8MRCB-C25 0.035 0.030 0.035 117.4TAWIN 1.380 1.330 1.340 1268.2YONGTAI 1.620 1.540 1.600 7334.2MBL 1.200 1.140 1.180 1889.9LIONFIB 0.800 0.725 0.790 1249.4METFAPA 1.090 1.080 1.090 71

This 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

Greece: an economic snapshot

• Opening ceremony of Food and Hotel Ma-laysia 2017 and Culinaire Malaysia 2017 at Kuala Lumpur Convention Centre,Ple-nary Th eatre, Level 3, Jalan Pinang, Kuala Lumpur at 10am.

• RHB Bank Bhd, in collaboration with Ring-gitPlus, to introduce ChatBot in facilitating personal loan applications at RHB Centre, Tower One, Pahang and Perak Meeting Rooms, Level 2, Jalan Tun Razak, Kuala Lumpur at 10am.

• Oracle is launching its Digital Hub at Th e Gardens, North Tower, Level 23, Lingkaran Syed Putra, Mid Valley City from 10am to noon.

• iProperty, in its fi rst media briefi ng since its acquisition by REA Group, unveils a new responsive property site at Ruyi & Lyn, 4th Floor, Annexe, Bangsar Shopping

Centre, Jalan Maarof, Kuala Lumpur be-tween 10am and noon.

• Th e Chemical Industries Council of Ma-laysia, together with the Institution of Chemical Engineers in Malaysia, jointly organise and host the Hazards Asia Pacifi c 2017 Symposium at the InterContinental Kuala Lumpur from today until Th ursday. Th e opening ceremony and press confer-ence at Bunga Raya Room, Level 2, Jalan Ampang, Kuala Lumpur is at 12.45pm.

• Alibaba Cloud and Fusionex partnership announcement ceremony at St Regis Kuala Lumpur, Astor Room, Ground Floor, Jalan Stesen Sentral 2, Kuala Lumpur at 2pm.

• Huawei introduces the latest addition to the nova series — the nova 2i — at Ruyi & Lyn, Bangsar Shopping Centre, Jalan Maarof, Kuala Lumpur from 5pm to 8pm.

Note: Infl ation data are based on the annual change of the monthly harmonised consumer-price indices

Source: Th omson Reuters Datastream

By Jiachuan Wu | REUTERS GRAPHICS

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

2 9


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

SEP/OCT 0.0 -0.5 0.0

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

OCT/NOV 30OCT/DEC 29OCT/JAN 24NOV/DEC -1

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -74.293 MONTHS AVERAGE -96.516 MONTHS AVERAGE -90.50

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

OCT-17 2,715 -33 602 5,202 971NOV-17 2,685 -50 4,593 25,421 3,137DEC-17 2,686 -51 22,746 58,431 -1,143JAN-18 2,691 -49 9,591 41,987 -515FEB-18 2,695 -49 3,850 12,259 -1,642

Palm oil hits more than one-month low on softer demand

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

Oil prices hit eight-month high

METAL & PRECIOUS METALSTIN US$/TON KLTM 20,650 UNCHCOPPER USC/IBS CMX 2.9295 -0.0075GOLD US$/TROY OZ CMX 1,293.60 0.30PLATINUM US$/TROY OZ NYMEX 934.40 2.30PALLADIUM US$/TROY OZ NYMEX 914.70 -5.15SILVER USC/TROY OZ CMX 16.92 0.01ALUMINIUM RMB/TON SHF 16,510 -185ZINC RMB/TON SHF 25,010 210

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 51.03 0.37HEATING OIL USC/GAL NYMEX 1.8251 0.0165NATURAL GAS US$/MMBTU NYMEX 3.045 0.024BRENT CRUDE US$/BBL ICE 57.62 0.76GAS OIL US$/TON ICE 546.25 4.75

CRUDE PALM OIL RM/TON MDEX 2,686 -51RUBBER SEN/KG MRB 625.50 -5.50CORN USC/BSH CBOT 352.00 -1.50SOYBEANS USC/BSH CBOT 979.00 -5.25WHEAT USC/BSH CBOT 445.25 -4.25LIVE CATTLE USC/IBS CME 117.43 1.23COCOA US$/TON NYBOT 1,972 -12COFFEE USC/IBS NYBOT 135.60 -2.50SUGAR USC/IBS NYBOT 14.62 -0.02COTTON USC/IBS NYC 67.50 -0.08

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Sept 25, 2017

200

625

1050

1475

1900

625.50(-5.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1 - 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

JUL’17 AUG’17 SEP’17

381/360 363/355 397/380 616/599 537/512 652/626 818/797 693/679 878/852 1,044/1,017 956/934 1,106/1,085 1,260/1,239 1,259/1,243 —/—

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

Sept 25, 2017

1,760.50(-5.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.50(Unch)

Sept 25, 2017

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

522.50(+8.00)

Sept 25, 2017

300

500

700

900

1100

CPO futures

FBM KLCI futures

OCT7 96.53 — — —NOV7 96.52 — — —DEC7 96.50 — — —MAR8 96.50 — — —JUN8 96.50 — — —SEP8 96.50 — — —DEC8 96.50 — — —MAR9 96.50 — — —JUN9 96.50 — — —SEP9 96.50 — — —DEC9 96.50 — — —MAR0 96.50 — — —JUN0 96.50 — — —SEP0 96.50 — — —DEC0 96.50 — — —MAR1 96.50 — — —JUN1 96.50 — — —SEP1 96.50 — — —DEC1 96.50 — — —MAR2 96.50 — — —JUN2 96.50 — — —SEP2 96.50 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures fell 1.7% to their lowest in more than a month yesterday, tracking weakness in soyoil on the Chicago Board of Trade and as demand from top consumers China and India weakened. The benchmark palm oil contract for December delivery on Bursa Malaysia Derivatives was down 1.7% or RM51 to RM2,686 a tonne at the close of trade. It earlier declined to RM2,685, its lowest since Aug 21. The contract registered its biggest intraday percentage drop in one week and a second session of decline. “Demand is tapering off ... buyers are now fully covered. It doesn’t look like there will be any more heavy demand from the two prominent buyers, China and India,” said a trader from Kuala Lumpur, adding that he expected demand to remain soft until the end of the year. China and India stocked up this month for mid-Autumn and Deepavali festivities in October, which typically see higher consumption of the tropical oil. Malaysia’s palm oil shipments for Sept 1 to Sept 25 rose by about 15% to 16% from a month earlier, according to cargo surveyors data from Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS). Shipments for Sept 1 to Sept 20 rose 25% to 26% from a month earlier, ITS and SGS data showed. — Reuters

MAY’17 JUN’17 JUL’17 AUG’17

1,655 1,514 1,827 1,810 1,506 1,379 1,398 1,487 1,558 1,527 1,784 1,942

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 626 19.00% 599 18.00% 572SOUTH 20.00% 625 19.00% 598 18.00% 571CENTRAL 20.00% 622 19.00% 595 18.00% 568EAST COAST 20.00% 623 19.00% 596 18.00% 569SABAH 22.00% 605 21.00% 580 20.00% 556SARAWAK 22.00% 612 21.00% 587 20.00% 562

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) SEP’17 OCT’17 NOV’17

CPO DELD 2,707.00 2,673.50 NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD 5,423.50 5,456.50 NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB Palm oil physical

Oil prices hit a eight-month high yesterday after major producers said the global market was on its way towards rebalancing, while Turkey threatened to cut oil fl ows from Iraq’s Kurdistan region towards its ports. The November Brent crude futures contract was up 76 US cents at US$57.62 a barrel, its highest since Jan 3. US crude for November delivery was up 37 US cents at US$51.03 a barrel, close to recent four-month high. Turkey has said it could cut off a pipeline that carries oil from northern Iraq to the global market, putting more pressure on the Kurdish autonomous region over its independence referendum. Th e Iraqi government does not recognise the referendum and has called on foreign countries to stop importing Kurdish crude oil. — Reuters

Commodities

recovering some of the losses earlier in the session. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Sept 25, 2017

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(-51)2,686

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Sept 25, 2017

0.3404(RM3,153/tonne)

2,686(-51)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e euro snapped a two-day rising streak yesterday after a surge in support for the far right in elections in Germany prompted investors to lock in gains in one of the most profi table currency trades of the year. Th ough the result meant Angela Merkel secured a fourth term as chancellor, support for her conservatives unexpectedly slumped to its lowest since 1949 and the Social Democrat, partners in the outgoing coalition, said they would go into opposition. “Markets don’t like uncertainty and the German election results have injected a healthy dose of [that],” said Richard Falkenhall, a strategist at SEB AB in Stockholm. Th e euro was trading near the day’s lows and down more than 0.5% against the US dollar and sterling as spreads between peripheral bonds and German debt widened.— Reuters

Unclear German election outcome kicks euro lower

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended lower yesterday dampened by the weaker cash market. September 2017, October 2017 and December 2017 declined 5.5 points each to 1,760.5, 1,759.5 and 1,761.5 respectively, while March 2018 lost seven points to 1,759.5. Turnover rose to 6,979 lots from 3,884 lots last Th ursday, while open interest widened to 38,554 contracts from 35,488 contracts previously. Th e underlying benchmark FBM KLCI fi nished 1.9 points lower at 1,769.14. Most Southeast Asian stock markets closed lower yesterday, in line with broader Asia, while Th ai shares climbed ahead of the central bank’s interest rate decision due later in the week. Philippine shares closed down 0.4%,

FBM KLCI futures end lower with weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 Sept 25, 2017

51.03(+0.37)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Sept 25, 2017

700

1020

1340

1660

1980

1,293.60(+0.30)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

0.00(+1.00)

Sept 25, 2017

-35.00

-21.75

-8.50

4.75

18.00

EURO

Euro/USD

Jan 2, 2006

1.02

1.16

1.30

1.44

1.1872(-0.008)

Sept 25, 2017

1.58

FBMKLCI 1,769.14 -1.90 120.5M SEP 17 1,760.50 -5.50 5,411 34,906 -784OCT 17 1,759.50 -5.50 1,503 3,069 264DEC 17 1,761.50 -5.50 45 367 25MAR 18 1,759.50 -7.00 20 212 1TOTAL 6,979 38,554 -494

SEP 17 4 0.62 7.52 -6.91OCT 17 36 5.55 9.89 -4.34ROLL’S FAIR 2.57


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 2 9

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 2 8

G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 7

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 3RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI ended in the negative territory for the fi fth consecutive trading session yesterday, on continued selling by foreign funds. Th e benchmark index ended the day 1.9 points or 0.11% lower at 1,769.14. On the broader market, there were 558 decliners versus 264 advancers, while 412 counters fi nished unchanged. Some 2.46 billion shares, worth RM2.36 billion were traded. “Th ere has been unwinding of foreign funds and they have been selling for the past few days,” said Malacca Securities Sdn Bhd senior analyst Kenneth Leong. “[Th e decline] is because of profi t-taking as well, but only mild, in selective banking companies such as RHB Bank Bhd, Malayan Banking Bhd and AMMB Holdings Bhd,” Leong told theedgemarkets.com. Elsewhere in Asia, Japan’s Nikkei Share Average close up 0.50%, South Korea’s Kospi fell 0.35%, while Hong Kong’s Hang Seng Index decreased by 1.36%. Reuters reported the Nikkei rose as a weaker yen lifted exporters, while expectations of economic stimulus measures, after an election next month supported overall sentiment. As the end of Japan’s fi scal fi rst half looms on Saturday for a majority of listed companies, the market was also underpinned by investors buying up stocks before they go ex-dividend tomorrow. — by Neily Syafi qah Eusoff

FBM KLCI falls 0.11% on further selling by foreign funds

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)PETRONAS GAS 1.37 0.420 18.440 333.5PETRONAS CHEMICAL 0.66 0.050 7.350 6202.5AXIATA GROUP 0.59 0.040 5.120 8396.6MAXIS 0.51 0.040 5.800 3465.8DIGI.COM 0.51 0.040 4.910 2681.4IHH HEALTHCARE 0.27 0.020 5.820 1377.3KLCC PROP REIT 0.21 0.070 7.870 6.8HONG LEONG FINANCE -0.26 -0.140 16.940 41.9SIME DARBY -0.34 -0.030 9.100 2661.3TENAGA NASIONAL BERHAD -0.37 -0.040 14.400 11367.3IOI CORPORATION -0.52 -0.050 4.550 989.8CIMB GROUP -0.60 -0.040 6.310 61020.2AMMB HOLDINGS -0.64 -0.130 4.370 4926.7GENTING MALAYSIA -0.68 -0.070 5.530 5486.9RHB BANK -0.79 -0.120 5.160 793.7MAYBANK -1.22 -0.070 9.780 14256.2SUB-TOTAL -1.30 OTHERS -0.60 GRAND TOTAL -1.90

1,769.50 1,758.50 1,768.00 1,757.50 1,767.50 1,760.00

Market movers

DOW JONES 22,349.59 -9.64S&P 500 2,502.22 1.62NASDAQ 100 5,932.32 -2.59FTSE 100 7,310.64 46.74AUSTRALIA 5,683.73 1.59CHINA 3,341.55 -10.98HONG KONG 27,500.34 -380.19INDIA 31,626.63 -295.81

INDONESIA 5,894.61 -17.10JAPAN 20,397.58 101.13KOREA 2,380.40 -8.31PHILIPPINES 8,244.73 -36.54SINGAPORE 3,215.91 -4.34TAIWAN 10,335.89 -113.79THAILAND 1,667.59 8.54VIETNAM 805.58 -1.55

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

PETGAS 18.440 0.420PANAMY 38.780 0.280MAGNI 6.370 0.240DLADY 59.220 0.220HIGHTEC 1.240 0.160HSI-H2S 1.150 0.150AIRASIA 3.530 0.120HSI-H2Q 0.725 0.110POHKONG 0.735 0.105APB 1.050 0.100OLDTOWN 2.650 0.090VS 2.670 0.090

HEIM 18.300 -0.500MPI 13.220 -0.440ALLIANZ 14.520 -0.340AJI 20.220 -0.320HSI-C1K 1.030 -0.260HSI-C1H 1.060 -0.250HSI-C1E 1.080 -0.240UTDPLT 27.260 -0.240HSI-C1N 1.080 -0.220HLIND 9.320 -0.210AMBANK-C3 0.135 -0.205MRCB-C25 0.035 -0.205

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

XINGHE-WA 0.015 50.00EKOVEST-CA 0.015 50.00HSI-H2L 0.210 44.83TANCO 0.130 30.00GPHAROS 0.355 26.79APFT 0.025 25.00MCLEAN-WB 0.105 23.53HSI-H2P 0.445 21.92TMCLIFE-WB 0.190 18.75MMAG 0.260 18.18ASTRO-C3 0.065 18.18HSI-H2Q 0.725 17.89

MRCB-C25 0.035 -85.42DIALOG-C18 0.055 -76.09ECOWLD-CJ 0.065 -75.00MRCB-C24 0.075 -67.39DRBHCOMC43 0.095 -60.42AMBANK-C3 0.135 -60.29E&O-C10 0.005 -50.00BURSA-MC01 0.050 -44.44GENM-C27 0.105 -36.36FBMKLCI-C1U 0.070 -33.33TUNEPRO-CN 0.010 -33.33SUPERMX-C27 0.010 -33.33

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

XINGHE-WA 0.015 50.00EKOVEST-CA 0.015 50.00HSI-H2L 0.210 44.83MCLEAN-WB 0.105 23.53HSI-H2P 0.445 21.92TMCLIFE-WB 0.190 18.75ASTRO-C3 0.065 18.18HSI-H2Q 0.725 17.89PCHEM-C9 0.100 17.65NETX-WB 0.035 16.67SANICHI-WC 0.035 16.67HUBLINE-WB 0.035 16.67

MRCB-C25 0.035 -85.42DIALOG-C18 0.055 -76.09ECOWLD-CJ 0.065 -75.00MRCB-C24 0.075 -67.39DRBHCOMC43 0.095 -60.42AMBANK-C3 0.135 -60.29E&O-C10 0.005 -50.00BURSA-MC01 0.050 -44.44GENM-C27 0.105 -36.36FBMKLCI-C1U 0.070 -33.33TUNEPRO-CN 0.010 -33.33SUPERMX-C27 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

BORNOIL-WD 93,167 0.00 0.000 0.050 0.055 0.045NETX 59,515 0.00 0.000 0.055 0.065 0.055MMAG 53,962 18.18 0.040 0.260 0.265 0.230PWORTH 36,718 8.33 0.020 0.260 0.265 0.245DGSB 32,065 0.00 0.000 0.035 0.035 0.030NETX-WB 25,553 16.67 0.005 0.035 0.035 0.030SMTRACK 19,928 13.79 0.020 0.165 0.170 0.145TANCO 18,931 30.00 0.030 0.130 0.135 0.110BORNOIL-WC 17,008 0.00 0.000 0.045 0.045 0.045POHKONG 16,826 16.67 0.105 0.735 0.795 0.710EATECH 13,326 4.90 0.025 0.535 0.560 0.510RSENA-WA 12,331 0.00 0.000 0.050 0.055 0.050KGROUP 12,064 -4.17 -0.005 0.115 0.125 0.115MEDIA 10,656 2.68 0.020 0.765 0.775 0.750HWGB-WD 7,437 0.00 0.000 0.030 0.030 0.025YONGTAI 7,334 2.56 0.040 1.600 1.620 1.540

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 MARKET ACTIVITIES

* How stock price changes affected the index on the previous trading day

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Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Sept 25, 2017

1,776.34(-1.90)

1,776.34

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1758.0

1759.4

1760.8

1762.2

1763.6

1765.0

1766.4

1767.8

1769.2

1770.6

1772.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,760.50(-5.50)

1,769.14(-1.90)

SEP 17 1,760.50 -5.50OCT 17 1,759.50 -5.50DEC 17 1,761.50 -5.50

Tact is after all a kind of mind reading. — Sarah Orne Jewett

HIBISCS 191,533.9 0.015 2.44 0.630 7.97 0.00BORNOIL-WD 93,166.8 UNCH UNCH 0.050 — 0.00SCOMI 67,618.5 -0.005 -2.63 0.185 — 0.00TRIVE 64,988.1 0.005 3.13 0.165 72.73 0.00HUAAN 61,506.2 -0.025 -10.87 0.205 — 0.00CIMB 61,020.2 -0.040 -0.63 6.310 13.52 3.15NETX 59,514.6 UNCH UNCH 0.055 61.11 0.00MMAG 53,962.4 0.040 18.18 0.260 — 0.00TRIVE-WB 52,999.1 -0.005 -11.11 0.040 — 0.00HUBLINE 51,766.0 0.005 6.25 0.085 33.33 0.00PWORTH 36,718.3 0.020 8.33 0.260 37.50 0.00UMWOG 35,479.9 -0.005 -1.45 0.340 — 0.00BORNOIL 35,404.3 0.005 5.26 0.100 10.33 0.00KNM 32,584.8 -0.005 -1.75 0.280 — 0.00DGSB 32,064.9 UNCH UNCH 0.035 58.33 0.00STERPRO 27,392.6 UNCH UNCH 0.200 — 0.00MLAB-WB 26,982.2 -0.005 -11.11 0.040 — 0.00NETX-WB 25,553.3 0.005 16.67 0.035 — 0.00DAYA 24,477.4 UNCH UNCH 0.080 — 0.00VS-WA 24,373.0 0.045 4.76 0.990 — 0.00

1,769.14 1.90 6,581.34 71.00 3,215.91 4.34 20,397.58 101.13 27,500.34 380.19 22,349.59 9.641,769.14 1.90 6,581.34 71.00 3,215.91 4.34 20,397.58 101.13 27,500.34 380.19 22,349.59 9.64KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,769.14 1.90 6,581.34 71.00 3,215.91 4.34 20,397.58 101.13 27,500.34 380.19 1,769.14 1.90 6,581.34 71.00 3,215.91 4.34 20,397.58 101.13 27,500.34 380.19

tuesday september 26, 2017 issue 2498/2017...

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