monday june 18, 2018 issue 2671/2018 …tefd.theedgemarkets.com/2018/tep/20180618y95qi4.pdf · uem...

FBM KLCI 1761.78 1.79 KLCI FUTURES 1758.00 3.50 STI 3356.73 35.78 RM/USD 3.9835 CPO RM2336.00 18.00 OIL US$73.44 2.50 GOLD US$1276.30 29.90

Najib may face charges of money laundering, misappropriation of property — source PA G E 2

FINANCIALDAILY

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M A K E B E T T E RDECISIONS

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MONDAY JUNE 18, 2018 ISSUE 2671/2018

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




8 P R O P E R T Y

1 0 H O M E

Stocks with forward momentum amid volatility

Analysts see further upside for retail stocks

Minimum wage increase a bane for plantation players — Rabobank

LEAP-listed JM Education upbeat about a better FY18 with Johor expansion

UEM Sunrise to expand rent-to-own scheme

Muhiyiddin: Immigration and police to be revamped

Failure is said to result in costs not only to Malaysia but to China as well.Samantha Ho has the story on Page 3.

Failure is saidd to result

ECRL POSER clouds China’s Belt and Road ambitions

Is it time to bet on oil and gas?5 H O M E B U S I N E S S

BERNAMA

There is no mysteryabout a Girard-Perregaux,

simply more than two centuries of craftsmanshipand a perpetual commitment to perfection.

1966, PINK GOLD CASE, 40 MM MID VALLEY MEGAMALL , LOT G-053, KUALA LUMPUR. TEL: (03) 2202 2882

www.edgeprop.my

FBM KLCI 1761.78 1.79 KLCI FUTURES 1758.00 3.50 STI 3356.73 35.78 RM/USD 3.9835 CPO RM2336.00 18.00 OIL US$73.44 2.50 GOLD US$1276.30 29.90

Najib may face charges of money laundering, misappropriation of property — source PA G E 2

FINANCIALFINANCIALDAILYDAILY

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M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM1.50

MONDAY JUNE 18, 2018 ISSUE 2671/2018





8 P R O P E R T Y

1 0 H O M E

Stocks with forward momentum amid volatility

Analysts see further upside for retail stocks

Minimum wage increase a bane for plantation players — Rabobank

LEAP-listed JM Education upbeat about a better FY18 with Johor expansion

UEM Sunrise to expand rent-to-own scheme

Muhiyiddin: Immigration and police to be revamped

Failure is said to result in costs not only to Malaysia but to China as well.Samantha Ho has the story on Page 3.

Failure is saidd to result

ECRL POSER clouds China’s Belt and Road ambitions

Is it time to bet on oil and gas?5 H O M E B U S I N E S S

BERNAMA

There is no mysteryabout a Girard-Perregaux,

simply more than two centuries of craftsmanshipand a perpetual commitment to perfection.

1966, PINK GOLD CASE, 40 MM MID VALLEY MEGAMALL , LOT G-053, KUALA LUMPUR. TEL: (03) 2202 2882

www.theedgemarkets.com

2 MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V


BY R OZ A N N A L AT I F F

Slow traffi c on major highways as at 9pmKUALA LUMPUR : Traffic flow as at 9pm remained slow along several major highways, as travellers be-gin leaving their hometowns after celebrating Aidilfitri. A PLUS Malaysia Bhd spokes-man said the affected routes were Ipoh to Simpang Pulai and Gua Tempurung to Sung-kai as well as Bukit Berun-tung to Rawang. “Traffic is also slow at Changkat Jering towards Sg Perak as well as Terowong Menora to Jelapa-ng,” he said when contacted here. Meanwhile, a Malay-sian Highway Authority (LLM) spokesman said traffic flow at Gombak Toll Plaza and Ben-tong Toll Plaza towards Len-tang was also reported to be slow. The public may obtain updates through Plusline’s toll free line at 1800-88-0000, and www.twitter.com/plustrafik or LLM at 1800-88-7752 or www.twitter.com/llminfotrafik. — Bernama

Seven nominations for Umno president’s postKUALA LUMPUR: Seven nom-ination forms were received for the post of Umno presi-dent by the submission dead-line at 5pm. Umno executive secretary Datuk Seri Ab Rauf Yusoh said it was the high-est number contesting in the party’s history for the num-ber one post. He said the fi-nal list of eligible candidates for all posts contested in the June 30 party election will be announced today by Umno secretary-general Datuk Seri Tengku Adnan Tengku Man-sor. “The candidates will have to undergo a vetting process with the party and the Insol-vency Department,” Ab Rauf told a press conference after the nominations at Menara Dato´ Onn here yesterday. — Bernama

Najib, Rosmah in Langkawi for holidayALOR SETAR: Former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor arrived in Langkawi on Saturday night for a holiday with their family in the island resort. It is learnt that Najib and his wife came with 13 family members for a three-day holiday. Langkawi Umno division head Datuk Ir Nawawi Ahmad said yesterday evening that the visit of the former prime minister was only for holiday. — Bernama

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KUALA LUMPUR: Malaysian au-thorities investigating scandal-hit state fund 1Malaysia Development Bhd (1MDB) are considering charg-ing former prime minister Datuk Seri Najib Razak with money laun-dering and misappropriation of property, a source familiar with the matter said.

Najib, who founded 1MDB in 2009, is the subject of a money laun-dering and corruption probe, af-ter reports that millions of dollars made their way into his personal bank accounts from the fund and its former subsidiary, SRC Inter-national. Th e former premier has consistently denied any wrongdo-ing in relation to 1MDB.

Najib, 64, suff ered a shock loss in the May 9 general election, the fi rst change of government since Ma-laysia gained independence from

Charges considered against NajibTh ey include money laundering, misappropriation of property

Britain in 1957. Tun Dr Mahathir Mo-hamad, who was elected prime min-ister, has vowed to bring back funds allegedly siphoned from 1MDB and punish those responsible.

Malaysia’s new Attorney-General Tommy Th omas said last Tuesday that his offi ce was studying possi-ble criminal and civil action, after receiving investigation papers on 1MDB from the Malaysian Anti-Cor-ruption Commission (MACC).

A source close to the investiga-tions told Reuters that Najib may be charged with dishonest misap-propriation of property under the Malaysian Penal Code. Th e source declined to be identifi ed as they were not authorised to speak on the matter.

Th e off ence carries a maximum jail sentence of fi ve years, a fi ne and whipping. Th e law, however, forbids men over the age of 50 years from being whipped.

Any fi ne would be decided by the court depending on the off ence and amount misappropriated.

According to the source, Najib may also face money laundering charges, which would carry a max-imum sentence of 15 years’ jail and a fi ne of no less than fi ve times the value of the laundered proceeds.

It is now up to the attorney-gen-eral to decide whether or not to accept the recommendations, fi le different charges or call for fur-ther investigations. Th e previous attorney-general cleared Najib of wrongdoing in relation to 1MDB.

MACC and the attorney-gen-eral’s offi ce did not respond to re-quests for comment.

Najib’s spokesman did not re-spond to requests for comment. Najib said last week that if he was charged on “political grounds” he was confi dent the courts would fi nd him innocent. — Reuters

KUALA LUMPUR: Rubens Menin, Brazil’s leading low-income hous-ing builder, has been named EY World Entrepreneur Of Th e Year (WEOY) 2018 at an awards cere-mony held in Monaco’s Salle des Etoiles on Saturday night.

Picked from among 761 pro-gramme participants, including 56 country winners from 46 countries and regions vying for the title, the 62-year-old Menin is the fi rst-ev-er EY WEOY winner from South America, read a statement from EY.

“Th roughout my life, I have pur-sued the purpose of bringing the dignity of homeownership to peo-ple for whom this is an unobtain-able dream. I am very proud to be recognised in this way but the work does not stop here.

“Th e construction industry is well positioned to further enact positive civil impact. I believe economic em-powerment is not just about wealth generation but also social develop-ment and MRV’s legacy will continue for generations to come,” Menin said.

Brazilian low-income housing builder is EY World Entrepreneur of 2018

Menin founded MRV Engen-haria e Participações SA, a home-builder and real estate company, in 1979, which he then grew into Latin America’s largest real estate developer by units sold. Menin is the chairman of the company now.

MRV employs more than 24,000 people, operates in 150 cities and has built some 300,000 properties. In these cities, one in 200 people lives in a property built by MRV, said EY.

EY global chairman and chief ex-ecutive offi cer Mark Weinberger said that Menin’s leadership is exemplifi ed by his persistence to succeed against a backdrop of national economic challenges and turbulent years to create Brazil’s largest public housing provider and become Latin America’s largest real estate developer.

“Rubens is a truly inspiring World Entrepreneur Of Th e Year winner,” he added.

Menin: I am very proud to be recognised in this way but the work does not stop here.

KUCHING: Th e Sarawak state gov-ernment will use Malaysia Agree-ment 1963-related documents found in London last year as a ref-erence in its fi ght for rights to oil and gas produced in its territory.

Sarawak Law, State-Federal Re-lations and Project Monitoring As-sistant Minister Sharifah Hasidah

Sayeed Aman Ghazali said the doc-uments discovered by a team of lawyers which she led would serve as evidence on the state’s rights.

“We will defi nitely use the docu-ments that we obtained in London; they are certifi ed true copies, not just photostated,” she told reporters at her Aidilfi tri open house yesterday.

Petroliam Nasional Bhd (Petro-nas) has named the Sarawak state government as a respondent in its application to the Federal Court for a declaration that the Petroleum De-velopment Act 1974 was also valid for the petroleum industry in Malaysia.

Sarawak Attorney General Da-tuk Talat Mahmood Abdul Rashid

will head the state’s legal team at the hearing.

“We wait until June 21 and see whether the court will grant Petronas leave to proceed with its application and from there we will see what fur-ther action the state government will take,” said Sharifah Hasidah, who is also the Samariang assemblyman.

London documents to be used as evidence against Petronas’ application

H O M E B U S I N E S S 3MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

ECRL poser clouds China’s Belt and Road ambitionsFailure is said to result in costs not only to Malaysia but to China as well

BY S A M A N T H A H O

KUALA LUMPUR: China’s ambi-tious Belt and Road Initiative (BRI) could face another setback if the Malaysian government decides to scrap the 688km East Coast Rail Link (ECRL), according to Koh King Kee, head of the Belt and Road desk at Baker Tilly Malaysia.

A failure to see the project ma-terialise will result in costs not only to Malaysia but to China as well, Koh said, as the latter’s credibili-ty in delivering BRI-related infra-structure projects will be hit with a fresh round of scepticism.

“Both Malaysia and China are in damage control mode [over ECRL],” he told Th e Edge Financial Daily in an interview, adding that it will not be in China’s interest to see the project fail.

However, it is unlikely that the project will be derailed completely as progress has been made of up to 20% of the railway’s fi rst phase, which stretches 600.3km from Gombak to Kota Baru.

A source close to the matter said that although the main con-tractor, China Communications Construction Co Ltd (CCCC), has not stopped work on the ECRL, which has an overall completion rate of more than 14% currently, the contractor is proceeding “very cautiously”.

“Ultimately, CCCC is a [Chi-nese] state-owned company. Th ey need to wait for instructions from the top,” the source told Th e Edge Financial Daily, adding that there has so far been no renegotiations made with the contractor on the subject of cost.

However, Koh said competition among China’s state-owned

Troubled Belt and Road projects in Asia

COUNTRY PROJECT VALUE COMPANY (US$ BIL)

Malaysia East Coast Rail Link 14 China Communications Construction Co LtdMalaysia Trans-Sabah gas and China Petroleum Peninsula petroleum pipelines 3.2 Pipelien BureauSri Lanka Hambantota port 1.2 China Merchant Port HoldingsPakistan Diamer-Basha hydropower dam 14 -Nepal Budhi Gandaki China Gezhouba hydropower dam 2.5 Group CorpMyanmar Kyaukpyu deepwater port 9 Citic GroupMyanmar Myitsone dam 1.5 China Power Investment CorpSources: Japan Times, Financial Times, South China Morning Post

enterprises (SOEs) themselves is intense, resulting in rules and reg-ulations being fl outed in order to secure projects overseas.

“We need to distinguish be-tween SOEs and the Chinese gov-ernment,” he said, adding that poor regulatory oversight meant that some of these companies may not be acting in the true spirit of the BRI.

Malaysia has already paid RM19.7 billion as 15% mobilisa-tion fee, drawn down by the China Export and Import Bank, accord-ing to a report by a local daily last week. Th e same report cited sourc-es as saying that at least RM15 bil-lion could be saved from the initial RM55 billion quoted for the railway.

Market talk is rife with specu-lation over what could happen to the ECRL, including the possibility that the railway could be built as a single track on a double-track for-mation, reducing the implemen-tation to just Phase 1 for the time being, or shortening it to run up to Kuantan Port City only.

However, no offi cial decision has been announced as yet after the new Malaysian government said the ECRL project, in particu-lar its terms of fi nancing, would be reviewed.

Finance Minister Lim Guan Eng has said the project would be among the issues discussed dur-ing his upcoming trip to China, on top of two pipeline contracts worth RM9.4 billion — one to transport gas in Sabah and another to carry petroleum in Peninsular Malaysia.

Koh takes the position that el-ements of corruption, rife under the former Barisan Nasional ad-ministration, have tainted China’s

image as a trade and investment partner in Malaysia, and that

this results in a short-term pullback by China.

“In the long run, however, I think pros-pects are positive for the relationship between China and Malaysia,” he said.

Having recently re-turned from a visit to Chi-

na’s major think tanks, in-cluding the Center for

China and Globali-zation, Koh shared that Chinese par-ties remain keen on working with Malaysia.

“In fact, great-er transparency under the new g o v e r n m e n t c o u l d b e n e -fi t them if they can show that they have the capability and capacity when

bidding for jobs [here],” Koh shared.President of the Council of Em-

inent Persons, Tun Daim Zainud-din, has said in a media interview that China is “very important” to Malaysia, and that the former may have been misled by former ad-ministrators.

Still, Prime Minister Tun Dr Mahathir Mohamad’s recent trip to Japan and his remarks about closer ties with the eastern nation were seen by observers as a move to show that the Southeast Asian country does not need to rely on China alone for economic growth, despite the republic being its larg-est single trading partner.

Both Dr Mahathir and Japan’s ambassador to Malaysia Dr Makio Miyagawa have spoken up about collaboration between both coun-tries in areas such as education, trade and investment, as well as defence.

Th e apparent hedging of bets may not be unwarranted given that Malaysia is not the fi rst nation that has run into financial concerns over infrastructure projects led by Chinese companies.

What happened in Sri Lanka has raised red fl ags among those who were eyeing some of the easy money coming from China under the BRI. In 2008, the Sri Lankan government borrowed from China to build a deepwater port in Ham-bantota via a joint venture with a Chinese fi rm. When Colombo could not repay the loan for the project, it had to ink an agreement mid last year to cede the port to China for 99 years, to ease the debt burden.

Following that, the BRI, which

ture project ... it should be treated as a public good that the govern-ment [must] provide,” he said.

While the BRI may seem to be solely an infrastructure push by China, Koh said Malaysian com-panies should be aware that the initiative also involves policy co-ordination, trade and investment cooperation, besides fi nancial in-tegration and establishing peo-ple-to-people eff orts such as de-veloping human capital.

Koh shared that he himself is involved in advising a top pub-lic-listed energy consulting fi rm from China, which is interested in investing here, and is now seeking to incorporate a subsidiary in Kua-la Lumpur.

Malaysian industries could also tap into China’s advancements in robotics and artifi cial intelligence, he said. The Digital Free Trade Zone, which will see the Malay-sian government working with Ali-baba Group to establish the latter’s regional logistics hub, represents an example of policy and industry collaboration.

Not so smooth sailingAnother key element of China’s BRI is retaining its sovereign power in open seas, which is vital to sustain trade. Historically, China has been cut off from the world via naval blockades, Koh said.

So is it likely that China will heed Dr Mahathir’s call for a reduction in naval power in the South Chi-na Sea?

While Koh declined to comment on China’s commitment to growing a physical fl eet, he believes that the country “will not compromise” and “will defend its interest in the South China Sea at all costs”.

China has also poured invest-ments into shipping ports and al-liances across the world. A report by the Economist Intelligence Unit showed that Chinese companies had seaport investments in 34 countries as at September 2017, with planned investments in an additional eight countries.

In Malaysia, these include in-vestments in the Melaka Gateway deepsea port, besides the Kuala Linggi Port, the Penang Port, and the Kuantan Port. Th ere are now nine Malaysian ports and 11 Chi-nese ports in the China-Malaysia Port Alliance.

On the fl ip side, China is also extending its economic corridor across land via its alliance with Pakistan under the China-Pakistan Economic Corridor. According to Koh, this acts as a “back door” into China’s western provinces, which not only serves to benefi t econom-ic development in that part of the country but also reduces China’s reliance on the Strait of Malacca for its energy supplies and trade.

Koh: We need to distinguish between SOEs and the Chinese government. Photo by Sam Fong

spans more than 68 countries ac-counting for over 30% of global gross domestic product, has hit snags in other developing coun-tries.

Th e governments of Pakistan, Nepal, and Myanmar poured cold water on major hydroelectricity projects, worth a total of almost US$20 billion, that were planned by Chinese companies late last year. Th e projects were either cancelled or sidelined, with reasons cited including tough fi nancing terms and fi nancial irregularities by the Chinese fi rms.

Koh, however, maintained that without China, none of these de-veloping countries would have had the fi nancial muscle to achieve in-frastructure developments.

“Th e lending rules of other glob-al financial institutions such as the World Bank have been more stringent, whereas China’s terms are more relaxed,” Koh said.

But have looser lending terms resulted in more bad loans being dished out? “Every bank is bound to have a few bad loans, so this is not surprising,” Koh said.

The quest to stay‘moderately ahead’ According to Koh, China’s model of development and infrastructure expansion may seem excessive sim-ply because it does not fi t with the conventional Western ideology of demand and supply.

“Instead of serving current de-mand, China builds infrastructure ahead of its needs. Infrastructure is meant to act as an economic catalyst,” he said, adding that one of the main thrusts of the BRI is to achieve greater economic parity between the prosperous east coast of the republic and the less devel-oped, landlocked west.

Th e same can be argued for the ECRL, Koh said, who thinks the in-frastructure is necessary to trans-form the “economic hinterlands” of Peninsular Malaysia’s east coast.

“Conceptually, it is good. Th e cost is a separate issue because you cannot expect commercial profi t from such a large-scale infrastruc-

Instead of serving current demand, China

builds infrastructure ahead of its needs.

Infrastructure is meant to act as an economic

catalyst.

4 H O M E B U S I N E S S MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

Stocks with forward momentum amid volatilityTh ese companies have a healthy balance sheet, expansion plans in place

BY A D A M A Z I Z

KUALA LUMPUR: After weak fi rst-quarter fi nancial results, stocks on Bursa Malaysia faced rating down-grades which largely eliminated buying opportunities following the post-general election market correc-tion and a regional sell-off in May.

Fortunately, there are still com-panies whose shares are trading at a bargain with a healthy balance sheet, earnings growth prospects and expansion plans in place.

Th e Edge Financial Daily high-lights several undervalued counters with strong fundamentals, support-ed by movements in key market forces like the ringgit and oil prices.

1. Thong Guan Industries BhdTh e poor fi rst-quarter results and the recent equity selldown have pushed down Th ong Guan Indus-tries Bhd’s share price by 38% year-to-date (YTD).

Margins for the exporter of plastic packaging products were squeezed by a stronger ringgit and rising operating costs. Its F&B divi-sion also stayed in the red, although losses have narrowed.

The ringgit has depreciated against the US dollar since April, with year-end estimates varying widely from 3.65 to 4.00 amid per-sisting headwinds on the greenback and uncertainty over policies of the new Malaysian government that could infl uence the ringgit.

Further, any potential gain in crude oil prices — which could hike the ringgit and plastic feedstock prices — could be balanced out by a pickup in US shale oil production.

To increase sales capacity, Th ong Guan plans to commission two new lines by end-2018 and anoth-er RM500 million plant in Kedah by the fi rst quarter of 2019, which could house 28 production lines.

It has also reportedly signed a contract to supply RM70 million to RM80 million worth of its organic noodles to China annually, pend-ing necessary approvals.

Th e company had cash balances of RM138 million as at March 31, against RM65.75 million in current borrowings, while its gearing ratio stood at 0.19 times.

Th e counter has one “underper-form” call by Kenanga Research with a target price (TP) of RM2.25, where-as CGSCIMB Research has given it an “add” call, with a TP of RM4.48.

Bloomberg estimated 2018 earn-ings per share (EPS) of 38.5 sen for the stock. At the latest close of RM2.59, the share price translated into 6.7 times 12-month forward price-earnings ratio (PER).

2. AirAsia Group BhdDespite a strong net profi t growth in the recent quarter, AirAsia Group Bhd shares suff ered selling pres-

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AirAsia Group Bhd

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Uzma Bhd

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DRB-Hicom Bhd

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OSK Holdings Bhd

RM0.99

sure in May after it supported Ba-risan Nasional in the run-up to the 14th general election (GE14), and also due to a corruption probe into AirAsia India which delayed plans for the unit to go public.

Regardless, management is de-termined to turn the 49%-owned Indian unit to profi t in 2018. AirA-sia Philippines is also on track for a listing by the second half of 2019.

Rising jet fuel prices impacted its core net profi t for the fi rst quarter ended March 31, 2018. Every US$5 (RM19.90)/bbl rise in spot jet fuel prices will reduce the group’s core earnings by 21%, according to a CGSCIMB Research note dated May 28.

AirAsia seeks to mitigate this by improving ancillary sales and group-wide effi ciency, including through higher average utilisation rates of its planes. A weaker US dol-lar could also improve margins for its Philippine and Indonesian units.

At end-March, AirAsia had cash balances of RM2.03 billion against short-term borrowings of RM1.42 billion. Its gearing ratio stood at 0.34 times in the same period.

Its shares are currently trading at 6.84 times forward-PER based on the last close of RM3.20 and Bloomberg’s FY18 EPS estimate of 46.7 sen.

It has 13 “buy” calls, three “hold” calls and one “underweight” call, with the lowest TP of RM2.90 by JP Morgan and highest at RM6.30 by Macquarie.

3. DRB-Hicom BhdNarrowing losses of 50.1%-owned Proton Holdings Bhd in the year ended March 31, 2018, turned DRB-Hicom Bhd profi table for the fi rst time in four years, with a net profi t of RM498.44 million on the back of a 6% increase in revenue to RM12.79 billion.

DRB-Hicom said the rational-isation exercise of non-industrial assets is expected to be completed by end-2018 — largely to refocus its funding on Proton’s turnaround story.

Its aviation unit Composites Technology Research Malaysia Sdn

Bhd (CTRM), which turned a profi t last year, has secured an order book of RM9.5 billion lasting until 2031.

CTRM will also have a new plant by September to add another RM200 million to its annual revenue con-tribution of around RM900 million.

Elsewhere, short-term earnings growth may be minimal from its subsidiaries Honda Malaysia Sdn Bhd and Pos Malaysia Bhd. A weak-ening ringgit could also hurt mar-gins moving forward.

As at March 31, DRB-Hicom had cash and cash equivalents of RM2.85 billion against short-term borrowings of RM2.32 billion, with a gearing ratio of 0.75 times.

Despite trading at a 10-year his-torical PER of around 9.97 times and a high forward PER of 24.03 times, analysts covering the coun-ter are “ upbeat” based on sum-of-parts (SOP) valuation with six “buy” calls and one “hold” call — with a TP ranging from RM1.99 by AmIn-vestment Bank Research to RM2.70 by CGSCIMB.

4. Uzma BhdIntegrated oil and gas services equipment (OGSE) fi rm Uzma Bhd has seen its share price decline in tandem with the decline in the FBM KLCI.

The group, which has an-nounced a change in its fi nancial year end, reported a 38.64% fall in net profi t to RM24.13 million for the 15-month period ended March 31, 2018, compared with RM39.33 mil-lion for the 12 months ended Dec 31, 2016. Revenue slipped 0.72% to RM467.64 million.

Aside from foreign exchange losses, the net profi t decline was also due to larger operating ex-penses, which the group said was necessary to incur early on as con-tracts won earlier are now starting to kick in.

Uzma has secured seven mul-ti-year umbrella contracts with Petronas Carigali Sdn Bhd since the beginning of this year — al-though the bulk of them are on a on-call basis.

It has also scaled up in technol-ogy-oriented services with high

demand in a low oil price environ-ment, such as well-testing and fi sh-ing contracts, and potential prod-ucts such as laying of non-metallic pipelines, according to analysts.

Uzma’s tender book stood at RM7.3 billion as at end-May. Its or-der book stood at RM1.4 billion, with another RM400 million expected to come from the umbrella contracts, according to analyst estimates.

It commands a 12-month for-ward PER of 8.82 times, with four “buy” calls and two “hold” calls presently. Its TP ranges from RM1.04 by Hong Leong Invest-ment Bank Research to RM1.70 by Credit Suisse.

5. OSK Holdings BhdOSK Holdings Bhd has guided that its property segment will be “quiet” in 2018 with fewer ongoing projects.

However, unbilled sales had re-mained attractive at RM1.2 billion as at March 31. Its land bank stood at 2,016 acres (815.85ha), with an estimated gross development value of RM8.5 billion.

Its construction division also has an outstanding order book of RM311 million.

Meanwhile, its 10.1%-associate RHB Bank Bhd has recently risen to be among the top analyst picks for banking counters amid strong quarterly income growth and ex-pectations of normalising operat-ing expenditure moving forward.

Additionally, a few corporate ex-ercises are brewing in the well-es-tablished conglomerate, which could prove exciting in the short to medium term.

Th ey include the proposed list-ing of its cable business unit OCC Cables Ltd on the Hong Kong Stock Exchange by end-2018 as it seeks to raise funds for OCC Cables’ future expansion.

Th e Edge Malaysia weekly also reported in January that OSK was looking to sell its 16-storey Faber Towers in Taman Desa, with a val-uation ranging between RM230 million and RM250 million.

OSK shares are trading at 4.88 times 12-month trailing PER, al-though its illiquidity could be un-attractive. With consistent dividend payouts over the years, investors can expect an annual dividend yield of 5.22% based on its last closing share price of 99 sen.

Several undervalued counters have strong fundamentals, supported by movements in key market forces like the ringgit and oil prices. Photo by Mohd Izwan Mohd Nazam

H O M E B U S I N E S S 5MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

Is it time to bet on O&G?Oil and gas sector may be ripe for a relook on decent crude oil prices

BY B I L LY TO H

Retail stocks’ comparison

COMPANY LAST PRICE AS MARKET DEC 29 1 YEAR 52-WEEK 52-WEEK P/E AT JUNE 14 (RM) CAPITALISATION CLOSING PRICE CHANGE (%) HIGH (RM) LOW (RM) RATIO (X) (RM MIL) (RM)

Padini Holdings Bhd 5.68 3,736.93 5.217 7.86 5.8 3.391 23.28Aeon Co (M) Bhd 2.42 3,397.68 1.73 37.5 2.65 1.45 33.43Parkson Holdings Bhd 0.62 661.67 0.515 20.39 0.675 0.38 N/ABonia Corp Bhd 0.43 346.43 0.505 -14.85 0.69 0.4 16.41Marco Holdings Bhd 0.145 152.87 0.14 3.57 0.16 0.125 11.4Vertice Bhd 1.03 149.56 1.09 -5.50 1.24 0.75 N/ASource: Bloomberg

KUALA LUMPUR: More upside is seen for locally listed retail stocks which received a major shot in the arm with the zero-rating of the goods and services tax (GST) two weeks ago.

Analysts said the stocks have more room to run at least until the tax-free holiday comes to an end with the reinstatement of the sales and services tax (SST) on Sept 1.

Th ey said the eff ective removal of the GST meant the masses have bought, or are planning to buy, more items that were previously subjected to the tax.

“I believe this window of a tax-free period will spur spending, typically in retail and luxury or household products such as cars and furniture,” said Areca Capital Sdn Bhd chief ex-ecutive offi cer Danny Wong.

“Some stocks have seen a change in trends. I believe almost all con-sumer stocks will see some upside this quarter,” Wong said when con-tacted, adding that the upside dif-fers only in the extent.

The government’s announce-ment on the reduction of the GST rate from 6% to 0% eff ective June 1

Analysts see further upside for retail stocksBY TA N X U E Y I N G

was made on May 16. Within fi ve days post-announcement, the Bursa Malaysia Consumer Product Index had risen nearly 3% to an all-time high of 743.22 points. Th e index set-tled at 740.16 points last Th ursday.

Wong said the improved sentiment could continue post-tax holiday, de-pending on the strategies adopted by retailers in maintaining sales from plunging on a high-base eff ect.

Th e SST has been hailed as a less painful tax for consumers as it has a straightforward taxation concept, unlike the GST which involves mul-tiple stages.

Another analyst, speaking on condition of anonymity, said that of the retail stocks under his coverage,

the “clear-cut winner” is Aeon Co (M) Bhd, which is enjoying good sales, thanks to the zero-rating of the GST and Hari Raya festivities.

“It is one of the few retail stocks that have ‘legs’, ” he said. “But this remains contingent on not just how well they do in sales these two quar-ters, but also on how well they under-take their cost optimisation in eff orts to improve margins.”

Th e share price of Aeon Co — which operates 34 stores and 26 shopping malls in Peninsular Ma-laysia — has appreciated 37.5% year-to-date. Th e stock closed one sen higher at RM2.42 last week, and is currently trading at a price-earnings ratio (PER) of 33.43 times.

Th e retailer, which has been in operations for more than three dec-ades, turned in a record high reve-nue of RM4.09 billion for the year ended Dec 31, 2017.

According to another analyst, Bonia Corp Bhd is also a counter worth taking a look as its shares could benefit from the higher spending by consumers.

“But it is unsure how much could be translated into the com-pany’s bottom line, considering that Bonia is currently undergoing store consolidation,” he told Th e Edge Financial Daily.

Th is is despire the fact that Bo-nia shares are trading at a PER of 16.4 times, which the analyst said

is warranted given the company’s lacklustre corporate earnings in the past few quarters.

Th e fashion retailer, which main-ly sells leather goods such as foot-wear, handbags and accessories, saw its net profi t for the third quar-ter ended March 31, 2018, con-tract 73% to RM1.28 million, from RM4.76 million a year earlier.

Its share price has fallen 34.7% from its high of 65.8 sen in Octo-ber 2017 to 43 sen at the close of trading last week.

Areca’s Wong said the higher demand seen by retail stocks could also be driven by investors switch-ing from counters that were once the “darling” of the stock exchange to new counters, besides the zer-orisation of the GST.

With the government reviewing mega projects, investors are left with little choice due to the linger-ing uncertainties in stocks that are especially related to construction and building materials, he said.

Wong advised investors who have jumped on to the retail bandwagon to keep a close eye on further announce-ments, as it is expected that sales will slow down after the tax-free period.

KUALA LUMPUR: With the stock market, particularly construction counters, roiled by major policy changes under the new Pakatan Harapan administration, the oil and gas (O&G) sector may be ripe for a relook as crude oil prices have been maintained at fairly decent levels.

Pong Teng Siew, the head of re-search of Inter-Pacific Securities Sdn Bhd, told Th e Edge Financial Daily there could be selective gems, especially in the O&G space, which could benefi t from stronger oil prices as the worst appears to have passed.

Recent fi nancial results pointed to an improvement, and for some even a turnaround in their performance.

Velesto Energy Bhd is one, posting a net profi t of RM5 million for the fi rst quarter ended March 31, 2018, compared to a net loss of RM104.1 million in the corresponding quarter a year ago. In the preceeding quar-ter ended December, its loss was a whopping RM980.5 million.

“For Velesto, things will continue to improve as they continue their cost rationalisation and utilisation increases. I believe second-quarter utilisation should be between 70% and 80% and second-half utilisa-tion will likely be more than 90%,” said Abel Goon, an analyst with TA Securities.

Goon, who also covers Dagang NeXchange Bhd (DNeX), said the company’s earnings growth is likely to continue as its more recent ac-quisitions begin to deliver, includ-ing the order fl ow from production

sharing contracts, as well as the development of the 1Trade system — a web-based one-stop portal for cargo and trade management.

He observed that improved oil prices would also benefi t DNeX’s associate Ping Petroleum as its “Anasuria cluster is directly ex-posed to oil prices”.

The research arm of Rakuten Trade Sdn Bhd, which has upgrad-ed the target price of one of the largest oil bunkering players in Ma-laysia, Straits Inter Logistics Bhd, has also observed that the O&G sector is expected to see increased activities, which would bode well for the company.

Another O&G analyst also pointed out that the sector has seen emerging interest among investors as oil pric-es have made steady gains towards US$70 (RM278.60) per barrel this year, and have stayed above the level amid uncertainties involving Opec’s

decision to increase production. More clarity is expected after the Opec meeting on Friday.

“If you look at the Bursa [Malay-sia] stock exchange, you’ll notice heavy volume and trading in the oil and gas space as the appetite for risk in the energy sector has returned. Most of these counters are still rel-atively volatile at this point given some of the uncertainties ahead of the Opec meeting. But there’s defi -nitely an improved sentiment and re-newed optimism in this space,” said the analyst who wanted to remain unnamed as he is not the spokesper-son for the asset management fi rm.

Th e analyst also pointed out that most O&G companies listed in Ma-laysia do not benefi t directly from the increase in oil prices but from the increase in activities.

“In recent months, we see that some tenders for projects have been reopened and some contracts have

been awarded. Of course, the compa-nies are still cautious with their capex (capital expenditure) but things have defi nitely improved. Let’s not forget that it has been close to four years since oil prices collapsed in 2014.”

In the stock market selldown in the aftermath of Pakatan Harapan’s shock victory in the 14th general election on May 9, O&G counters were not spared the turmoil.

A number of them have seen a signifi cant price fall, including Uzma Bhd, which has plunged 17% to RM1.12.

Floating, production, storage and offl oading player Bumi Arma-da Bhd has lost 12.73% to 72 sen, while Sapura Energy Bhd has seen a slight decline of 2.99% to 65 sen.

More resilient O&G counters include Dialog Group Bhd, Hi-biscus Petroleum Bhd, DNeX and Velesto Energy — formerly known as UMW Oil & Gas Corp Bhd.

To some extent, the decline of the counters was due to concerns that falling global crude inventories and rising consumer prices would prompt Saudi Arabia and Russia to pump more crude.

Owing to the uncertainties, oil prices had fallen from a 3½-year high of US$80.50 per barrel to US$76.50 as of last Th ursday.

With Opec set to meet on Fri-day, oil prices are likely to see some downward pressure, given that Sau-di Arabia and Russia have indicated that they would likely push for higher production ceilings at the meeting.

Still, Goldman Sachs does not think that the oil rally is over.

According to reports, the invest-ment bank has forecast brent crude to average US$82.50 per barrel in the third quarter of the year, with upside risk to the projection for the rest of the year and “skewed to further up-side” next year.

6 H O M E B U S I N E S S MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

Minimum wage rise a bane for plantation players — RabobankHigher salaries will hit the labour-intensive industry as profi t margins will be squeezed

BY S U L H I A Z M A N

BY FA I Z H A L I M & W O N G E E L I N

KUALA LUMPUR: Th e government’s plan to increase the minimum wage by as much as 50% will have a nega-tive impact on the plantation industry as this will raise production costs and shave profi t margins of palm oil pro-ducers, said Rabobank Group senior analyst for grains, oilseeds, food and agribusiness Oscar Tjakra (pic).

“It will be a bane for the industry. If you look at the basic cost of crude palm oil (CPO) production, fertil-iser and labour costs are the biggest components,” Tjakra told Th e Edge Financial Daily in a phone interview.

“Th e increase will put pressure on [operating] margins,” he said, while keeping a bearish stance on the overall plantation sector at least for the next three years.

Since taking over after the historic 14th general election on May 9, the Pakatan Harapan government has pledged to fulfi l its manifesto prom-ise of higher monthly minimum wage of RM1,500 from RM1,000 currently within the fi rst 100 days.

Human Resources Minister M Kulasegaran said the fi nal decision to raise the minimum wage will be announced in August.

The plantation sector is la-bour-intensive, with foreign work-ers making up 85% to 90% of the total labour force.

As at May 2017, data from the plantation industries and commod-ities ministry showed that there were around 428,000 workers em-

ployed in the oil palm sector.According to an analysis by

CIMB Investment Bank Bhd, every monthly increase of RM100 in the minimum wage would increase the palm oil industry’s annual costs by RM304 million to RM514 million.

Th e report on June 6 noted that the palm oil sector could be one of the worst hit by the increase in the minimum wage, given the labour-in-tensive nature of the industry.

“Also, the industry will not be able to pass on the higher costs to customers as it is a price-taker in-dustry,” it said.

“Potential cuts to our net prof-it forecasts for listed plantation companies range from 1% to 14% on net profi t in fi nancial year 2019, for every RM100 per month rise in minimum wage,” CIMB added.

In the near term, Tjakra said the seasonality factor and the anticipated high production level are expected to pressure CPO prices in the next three to six months, before clocking in an average of RM2,400 per tonne in 2018 and RM2,300 per tonne in 2019.

Tjakra said the spread between the prices of CPO and soybean oil will stay at the current level, with higher soy oil inventories in the US to continue weighing on palm oil prices.

“In the nearer term, the current low-price environment before 2022 could lead to higher oper-ational efficiency in plantation companies to reduce production costs and accelerate consolidation

RM/tonne

2,200

2,400

2,600

2,800

3,000

May 23, 2017 June 14, 2018

CPO futures

2,342

in the industry,” he added.On the supply side, Tjakra said

the global long-term supply out-look for palm oil remains abundant throughout the next four years, with palm oil production expected at 21 million tonnes in 2018, from 19.92 million tonnes in 2017, and 17.32 million tonnes in 2016.

“Production has been increas-ing since 2015, and production is anticipated to be normal on steady weather pattern throughout the third and fourth quarters of this year,” he added.

Turning to demand, Tjakra ex-pects palm oil consumption pattern to expand at a moderate pace, sup-ported by the exigencies from two traditional markets: China and India.

“Besides the two traditional countries, demand could also come in from two other South Asian na-

tions such as Bangladesh and Pa-kistan. And let’s not forget Africa, too,” he added.

As for demand from the Europe-an bloc, Tjakra expects it to soften to 5.7 million tonnes this year, from 5.9 million tonnes last year.

“Th e vote by the European Par-liament (EP) to phase out palm oil usage in biofuel has yet to be con-clusive,” it added.

Early this year, the EP voted to phase out palm oil usage in biofuel, prompting some observers to de-scribe the unprecedented move as “crop apartheid”. However, Bloomb-erg reported last Th ursday that the EP will soften its rule on the use of biofuel from food crops.

On biofuel, Tjakra said Indonesia is seeing a pickup in the demand of biodiesel products, which will be supported by the government’s

KUALA LUMPUR: Educational coun-selling player JM Education Group Bhd is targeting a better top line and bottom line for the financial year ending Dec 31, 2018 (FY18), on the back of a growing number of students recruited for counselling and local placement, according to managing director Teh Cheong Hua.

Although Teh declined to dis-close any target numbers, he said the group is planning to open its 10th branch offi ce in Iskandar EduCity in Nusajaya, near Johor Baru, by the second half of 2018 and a tentative second Johor branch in Batu Pahat.

“Johor is an important market for us. Th ere are a lot of students and educational institutions there for us to serve the market,” said Teh in an interview with Th e Edge Financial Daily recently.

Founded in 1992, JM provides counselling and alternative place-ment to Malaysian educational in-stitutions as well for students facing budgetary concerns. Th e group is

LEAP-listed JM upbeat about a better FY18 with Johor expansionthe third company to be listed on Bursa Malaysia’s LEAP market, out of the seven currently.

In FY17, JM’s net profi t slid 10% year-on-year (y-o-y) to RM2.04 million from RM2.27 million, due to one-off listing expenses of RM520,000. Excluding that, the group would have seen a 13% rise in net profi t, as revenue grew 15% y-o-y to RM11.43 million from RM9.96 million.

In FY17, the bulk or some 42% of JM’s revenue came from its Aus-tralian market, followed by the UK (35%), Malaysia (18%). Th e remain-der 5% was derived from other countries like New Zealand, Sin-gapore, the US and Canada.

Interestingly, despite being a small fi rm, JM had a track record of paying dividends prior to its listing. Teh said JM endeavours to pay out at least 20% of its profi t after tax (PAT), subject to fi nancial conditions.

JM declared a 1.4 sen fi nal div-idend to shareholders in respect of FY17.

“We want the company to be-

come effi cient in terms of deploy-ment of capital. If we think there is excess capital, we will try to [put it to good use], if not, [we will] distribute it back to shareholders,” he added.

Teh said the company is currently working with over 150 educational

institutions globally, most of which are in Australia, the UK, the US and New Zealand. Th e group most re-cently partnered with University of Sydney at the end of last year.

In 2017, JM had 1,261 students, of whom 494 were sent to the UK, while 443 went to Australia.

Th e group’s secondary business, Miraj Academy, which JM acquired in 2013, is a technical and vocation-al education and training (TVET) academy. Th e academy had 161 trainees as at 2017.

While JM’s core business in ed-ucation counselling and overseas student placement contributes al-most 90% of its revenue and profi t, Teh sees strong growth potential in TVETs, especially under the new government.

“Once a clearer direction and blueprint is out from the new gov-ernment, I think we foresee more focus, [and] better coordination for the TVET sector, so private provid-ers will play a role in uplifting the skills of our students and workers,” he added.

Part of the proceeds from the group’s listing will go to its Nusa-jaya branch, which Teh estimates will cost around RM60,000 to RM80,000.

Upon its listing on Feb 8, shares in JM have not been much trad-ed. Th ey were last traded at 54 sen apiece last Monday. “[It’s the] same across the board, not much trading. Our shareholders are fi ne, there’s not much complaint. Secondary inves-tors should know [that] it’s not for short-term trading, it’s [more of] a medium-term — three to fi ve years’ horizon — investment,” said Teh.

On JM’s plans to migrate from LEAP, investments in LEAP-listed shares are only restricted to so-phisticated investors, to the ACE or Main Market, Teh said the company does not have a fi xed time frame and will instead focus on growing and strengthening its business in the meantime.

Teh added that LEAP is a good environment to grow in, citing low-er listing cost, lower barriers to en-try, and less regulation on reporting and governance.

eff ort to increase the fuel blend to 25% (B25), from B20 currently.

Th is year, Tjakra said, “Indonesia has allocated higher volume for the government procurement at 3.22 million kilolitres, compared with 2.53 million kilolitres previously.”

At the same time, Tjakra noted that the Indonesian government is looking to expand the biodiesel programme into the rail and heavy industrial sector.

As for Malaysia, Tjakra said there is a need for the government to con-tinue its push to support the biodiesel sector, which has been experiencing slow growth due to the lack of strong policies, initiatives and demand.

“Without the support from the government, I don’t think biodiesel implementation will be success-ful,” he said, suggesting that the government could throw in some incentives to support the sector.

Meanwhile, Tjakra said it will take some time for the plantation industry to see accelerating de-mand for certifi ed sustainable palm oil, which mostly comes from the European bloc.

“Some nations have yet to look into the sustainable issue more con-tentiously. Th e demand is there but at what cost? While pricing plays an important factor, I reckon that the industry will need some time to adjust and absorb the sustain-ability concept,” he added.

CPO futures closed at RM2,336 per tonne last Friday. Year to date, the commodity has fallen 6.67%.

Teh: The company is currently working with over 150 educational institutions globally. Photo by Mohd Izwan Mohd Nazam

ST O C KS W I T H M O M E N T U M 7MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

HAP SENG CONSOLIDATED BHD (+ve) HAP SENG CONSOLIDATED BHD

(ALL FIGURES IN MYR MIL)

FY15

31/12/2015

FY16

31/12/2016

FY17

31/12/2017

FY2018Q1

31/3/2018

FinancialsTurnover 4,393.3 4,891.7 5,288.7 1,528.2Ebitda 790.7 909.0 1,180.5 311.9Interest expense 116.8 130.9 146.3 41.1Pre-tax profit 1,117.6 1,244.9 1,395.4 230.8Net profit - owners of company 908.5 1,001.0 1,103.9 154.5Fixed assets - PPE 1,586.2 2,000.1 1,966.7 3,314.8Total assets 6,920.5 8,291.8 8,249.4 9,642.3Shareholders' fund 4,242.6 5,490.7 5,764.3 6,270.0Gross borrowings 4,191.9 4,425.2 4,478.9 4,525.5Net debt/(cash) 3,678.6 3,386.2 3,739.6 3,701.8

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

1.301.30

22.302.433.933.54

24,622.872,489.67

0.458.48-9.89

*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

HAP SENG CONSOLIDATED BHD

RATIOS

FY15

31/12/2015

FY16

31/12/2016

FY17

31/12/2017

ROLLING 12-MTH

DPS ($) 0.30 0.35 0.35 0.35Net asset per share ($) 1.97 2.21 2.32 2.52ROE (%) 22.17 20.57 19.62 19.00Turnover growth (%) 16.59 11.34 8.12 12.43Net profit growth (%) 20.57 10.18 10.28 9.17Net margin (%) 20.68 20.46 20.87 19.57ROA (%) 14.86 13.16 13.35 12.87Current ratio (x) 1.27 1.49 1.35 1.45Gearing (%) 86.70 61.67 64.88 59.04Interest cover (x) 6.77 6.94 8.07 8.26

MAGNUM BHD (+ve) MAGNUM BHD


FY15

31/12/2015

FY16

31/12/2016

FY17

31/12/2017

FY2018Q1

31/3/2018

FinancialsTurnover 2,767.0 2,659.3 2,649.2 712.4Ebitda 376.7 326.2 353.3 92.6Interest expense 51.4 51.8 49.4 11.5Pre-tax profit 333.7 284.5 306.6 79.9Net profit - owners of company 226.8 189.7 206.5 54.9Fixed assets - PPE 55.9 60.4 64.0 62.8Total assets 3,405.3 3,230.9 3,119.2 3,242.7Shareholders' fund 2,417.8 2,416.1 2,479.9 2,478.0Gross borrowings 993.1 995.1 822.0 946.8Net debt/(cash) 541.2 532.1 441.5 443.1

MAGNUM 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

2.001.40

14.420.271.346.41

3,329.721,422.96

0.411.55-2.34


MAGNUM BHD

RATIOS

FY15

31/12/2015

FY16

31/12/2016

FY17

31/12/2017

ROLLING 12-MTH

DPS ($) 0.16 0.13 0.11 0.15Net asset per share ($) 1.70 1.70 1.74 1.74ROE (%) 9.33 7.85 8.43 9.46Turnover growth (%) (4.14) (3.89) (0.38) 2.33Net profit growth (%) (11.59) (16.38) 8.87 52.58Net margin (%) 8.20 7.13 7.79 8.67ROA (%) 6.64 5.72 6.50 7.15Current ratio (x) 2.60 1.43 1.13 1.43Gearing (%) 22.38 22.02 17.80 17.88Interest cover (x) 7.33 6.29 7.15 8.13

POS MALAYSIA BHD (+ve) POS MALAYSIA BHD


FY15

31/3/2015

FY16

31/3/2016

FY17

31/3/2017

FY2018Q4

31/3/2018

FinancialsTurnover 1,494.0 1,717.4 2,082.3 653.1Ebitda 252.2 177.1 245.7 76.2Interest expense 2.1 4.2 9.2 6.1Pre-tax profit 181.3 92.5 131.4 29.7Net profit - owners of company 127.1 63.1 84.1 29.0Fixed assets - PPE 656.1 665.2 1,130.5 1,401.0Total assets 1,168.6 1,151.8 2,029.4 2,157.9Shareholders' fund 1,122.9 1,115.6 1,936.6 1,945.3Gross borrowings 48.8 98.8 240.0 391.0Net debt/(cash) (475.2) (624.6) (544.4) (120.5)

POS MALAYSIA 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

2.001.40

32.051.961.572.74

3,052.83782.78

0.963.08-5.60


POS MALAYSIA BHD

RATIOS

FY15

31/3/2015

FY16

31/3/2016

FY17

31/3/2017

ROLLING 12-MTH

DPS ($) 0.13 0.12 0.11 0.11Net asset per share ($) 2.09 2.08 2.47 2.49ROE (%) 11.78 5.64 5.51 5.20Turnover growth (%) 4.71 14.95 21.24 18.74Net profit growth (%) (20.08) (50.34) 33.23 16.32Net margin (%) 8.50 3.67 4.04 3.85ROA (%) 11.32 5.44 5.28 4.87Current ratio (x) 1.77 1.63 1.34 1.23Gearing (%) - - - -Interest cover (x) 119.98 42.28 26.69 16.97


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

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

TRADING of the shares in Hap Seng Consol-idated Bhd (fundamental: 1.3/3, valuation: 1.3/3) triggered our momentum algorithm last Th ursday for the fi rst time this year. Th e group saw 937,700 shares traded.

Th e stock rose 13 sen or 1.33% to close at RM9.89, leaving it with a market capitalisa-tion of RM24.62 billion.

It was the 12th top gainer on Bursa Ma-laysia that day.

Hap Seng currently trades at 3.93 times its book value.

The plantations and consumer goods conglomerate had on June 8 completed the disposal of its entire stake in HSC Sydney Holding Ltd and 20% in Hap Seng Credit Sdn Bhd to related party Lei Shing Hong Capital Ltd for a total of RM1.68 billion.

However, its plan to acquire a 55% stake in Sabah-based plantations firm Kretam Holdings Bhd, via its subsidiary Hap Seng Plantations Holdings Bhd, was called off af-ter due diligence of Kretam yielded “unsat-isfactory and unacceptable” results.

TRADING of the shares in Pos Malaysia Bhd (fundamental: 1.4/3, valuation: 2/3), which triggered our momentum algorithm last Th ursday, saw some 3.54 million shares crossed, about two times its 200-day average of 1.25 million shares.

Closing unchanged at RM3.90, the stock stayed at its three-month high with a market capitalisation of RM3.03 billion.

Th e group’s fourth quarter net profi t for

the three months ended March 31, 2018, jumped almost three times year-on-year to RM29.03 million from RM9.89 million, fol-lowing higher revenue and improved cost management, and as the year-ago quarter’s taxation was higher.

Revenue in the quarter grew 2.8% to RM653.08 million versus RM635.55 million a year ago, driven by its acquired logistics busi-ness and strong growth in its courier segment.

TRADING of the shares in gaming group Magnum Bhd (fundamental: 1.4/3, valu-ation: 2/3), which saw 2.38 million shares crossed last Th ursday, triggered our mo-mentum algorithm.

Magnum rose 11 sen or 4.93% to a one-year high of RM2.34, giving the group a market capitalisation of RM3.35 billion and making it the 15th largest gainer on Bursa Malaysia that day.

It is trading at 1.34 times its book value.

The group posted a 79.7% increase in net profit for its first quarter ended March 31, 2018 to RM54.94 million, from RM30.57 million a year ago, on the back of higher gaming revenue and a lower prize-pay-out ratio.

On June 1, Lum Fook Seng was promoted to chief fi nancial offi cer of the group. Lum, 53, acts as the head of fi nance and adminis-tration for the group and has more than 26 years of experience in the gaming industry.

8 P R O P E RT Y MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

UEM Sunrise to expand rent-to-own schemeIt aims to ease the burden of fi rst-time house buyers

HONG KONG: Hong Kong ty-coon Victor Li (pic) has bought a London offi ce tower for £1 billion (RM5.31 billion) as he expands his overseas portfolio after tak-ing over the business empire of his billionaire father Li Ka-shing.

Property company British Land and a Singaporean wealth fund GIC said in a statement they had sold 5 Broadgate to a subsid-iary of Li’s CK Asset Holdings.

Th e move comes days after Li’s CK Infrastructure Hold-ings made a A$12.98 billion (RM38.62 billion) takeover of-fer for Australia’s biggest gas pipeline company, APA Group, off ering a hefty 33% premium to tap into a tight gas market.

Th e London building, com-pleted in 2015, generated a property return of 18% per annum for British Land.

CK Asset fi rst entered the UK property market in 1995, and has developed a number of residential and commer-cial properties, including Royal Gate Kensington, Montevetro, Belgravia Place and Albion Riv-erside in London.

Li Ka-shing handed over the keys of his empire, which in-cludes CK Hutchison Holdings Ltd, to his elder son earlier this year. — Reuters

Hong Kong’s Victor Li pays £1b for London offi ce tower

BY R O S E M A R I E K H O O M O H D S A N I

KUALA LUMPUR: Property de-veloper UEM Sunrise Bhd plans to expand its rent-to-own (RTO) scheme, as it aims to ease the bur-den of fi rst-time house buyers.

Its managing director and chief executive officer Anwar Syahrin Abdul Ajib described the scheme as a value-added solution for those planning to buy a house but were in the midst of building their careers.

“Th is will enable the young buy-ers to plan their fi nances and facil-itate their borrowings.

“Th e scheme will also help to mitigate projects/developments be-ing empty and untenanted, which

BANGKOK: Th ailand’s Crown Prop-erty Bureau said its assets are now held in the name of King Maha Va-jiralongkorn, clarifying how a legal change last year aff ects billions of dollars of holdings.

Th e law enacted in 2017 means that “Crown Property Assets” are to be transferred and revert to the ownership” of the king and that the bureau’s investments “will now be held in the name of His Majes-ty”, the bureau said in an undated statement on its website.

All shareholdings will now be held in the king’s name and crown property assets will be subject to tax,

NEW YORK: Relatives of Michael Co-hen, US President Donald Trump’s long-time personal lawyer, are look-ing to unload condominium units in a Trump building as he faces down an expensive legal battle.

Fima Shusterman, Cohen’s fa-ther-in-law, is trying to sell all three units he owns in Trump World Tow-er in Manhattan near the UN, ac-cording to two people familiar with the process. Two of the units, in-cluding one that Shusterman and his wife Ania live in, are listed for sale on the website for Trump In-ternational Realty for a combined US$11.2 million (RM44.58 million).

Th e Shustermans, who did not immediately return a request for comment, bought the units be-tween 2003 and 2005.

Cohen is under investigation by

All shareholdings will now be held in King Maha Vajiralongkorn’s name and crown property assets will be subject to tax.

may result in unnecessary main-tenance costs,” he told Bernama.

Th e developer launched its own RTO scheme, the UEM Sunrise — Easy Own Plan, in August last year and recently began collab-orating with Malayan Bank Bhd (Maybank) through the latter’s HouzKey scheme.

UEM Sunrise off ers two key pro-jects under its RTO scheme — Verdi Eco-dominiums in Symphony Hills, Cyberjaya, and Residensi Ledang in East Ledang, Iskandar Puteri, both of which were completed in 2016.

“Our col laborat ion w ith Maybank has been encouraging as we have managed to generate interest and conclude a few sales.

“Projects under this collabora-tion include Serene Heights, Ban-gi, [Acacia Begonia & Dahlia] and Verdi Eco-dominiums,” Anwar Syahrin said.

Asked how the property sector would be affected by the govern-ment’s plan to ease the procedure for housing loan applications, he pointed out that it would not solve the core problem.

“About 25% of housing loan ap-plications were rejected with the most common reasons cited being insuffi cient income to support debt repayment, adverse credit history and inadequate income or fi nan-cial documentation.

“Banks are remaining vigilant

in assessing the sustainability of borrowers’ sources of income and financial commitments,” he ex-plained.

Stressing that about 80% of can-celled purchases were due to loan applications being rejected by end fi nanciers, Anwar Syahrin said the RTO scheme would be very helpful to property purchasers, especially fi rst-time homebuyers.

“Our RTO scheme will offer property buyers an alternative path-way to owning a house and provide a buff er period for potential house buyers to sort out their personal fi nances and build up their credit standing, before they start applying for a loan,” he added. — Bernama

Th ai king now holds billions in assetsBY S U N I L J A GT I A N I a change from the bureau’s exempt

status, according to the statement. Th e full value of the bureau’s real es-tate and other holdings is not clear. Its stakes in Siam Commercial Bank PCL and Siam Cement PCL, two major listed Th ai fi rms, are worth more than US$7 billion (RM27.86 billion) combined, according to data compiled by Bloomberg.

ShareholdingsKing Maha Vajiralongkorn ascend-ed to the throne in 2016 after the death of his father, King Bhumibol Adulyadej. He increased his control over the eight-decade-old bureau in July last year, when he was given discretion over the crown’s assets.

In October, the bureau trans-ferred a 3.3% stake in Siam Commer-cial Bank, worth more than US$500 million at the time, in the name of the king. In March 2018, the mon-arch emerged with a shareholding worth more than US$100 million in Siam Cement, with the bureau’s stake dropping by a similar amount.

Siam Commercial Bank, estab-lished over a century ago by royal charter, is Th ailand’s oldest home-grown lender and the nation’s sec-ond-largest by assets. Siam Ce-ment was set up in 1913 following a royal decree to produce more of the building material. It is the sixth-biggest fi rm in Th ailand by market capitalisation. — Bloomberg

Cohen’s in-laws look to sell units in Trump World Tower building

BY C A L E B M E L BY & S H A H I E N N A S I R I P O U R

federal authorities in Manhattan over a wide range of business activ-ities. He has been racking up exten-sive legal bills since his properties were raided by the Federal Bureau of Investigation (FBI) in April.

Documents, cell phones and other records seized in the raid are being reviewed to determine how much is protected by attorney-cli-ent privilege. A special master ap-pointed by the court is asking to extend the deadline for that review until June 25. Last Friday, the gov-ernment said that prosecutors had reconstructed 16 pages of shredded documents and large amounts of data from encrypted messaging software like WhatsApp and Sig-nal, as well as a BlackBerry device.

Cohen is parting ways with his lawyers and is expected to hire a crim-inal defence lawyer with experience with the prosecutors in the Southern District of Manhattan.

Trump World Tower is lined with black-tinted curtain wall facades, and stands as one of the tallest residential buildings in the world.

Among Cohen’s business trou-bles is a tax-medallion business that has declined in value. One of his associates is cooperating with authorities putting together a case

against Cohen. Cohen and the Shus-termans invested side by side in taxi businesses in New York and Chicago.

Th e Shustermans have been im-patient to sell the units and frequent-

ly call real estate agents for updates on potential sales, one of the people said. Th e Trump realty company be-gan listing the units earlier this year.

Th e Manhattan luxury market has grown sluggish as a glut of new products has come on line. It has been especially diffi cult to sell older vintage inventory amid all the new available units. Th e Shustermans have been unwilling to budge on prices, the person said.

One three-bedroom unit, 57B, is listed for US$6.7 million on the web-site. Th e Shustermans purchased it for US$3.6 million in 2005.

Another, a two-bedroom unit, 42A, is listed for US$4.5 million. Th e Shus-termans paid US$2.2 million in 2004.

Th e third unit owned by the fam-ily, 43C, was purchased for US$1.85 million in 2003. It is not listed on the Trump realty website, but the people said that it, too, is for sale. — Bloomberg

BY A N N E M A R I E R O A N T R E E A N D D O N N Y K W O K

1 0 H O M E MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

Khairy to contest for Umno president‘I want party members to have a choice on the future direction of the party’

Khairy had earlier stated that he was only contesting for the vice-president’s post. Photo by Bernama

KUALA LUMPUR: As the Umno party election nomination closed yesterday evening, Youth chief Khairy Jamaluddin made a last minute dash to contest for the pres-ident’s post.

Khairy announced through his Instagram page that he had up-loaded his nomination form to join the fray for the number one post of the party.

Earlier, the Rembau member of parliament stated that he was only contesting for the vice-pres-ident’s post.

“After having joined the band-wagon in the election, I may as well fi ght for the top post. Bismillahir-rahmanirrahim,” he said.

So far, apart from Khairy, Umno vice-president Datuk Seri Dr Ah-

mad Zahid Hamidi who is carrying out the duties of the president and party veteran Tengku Razaleigh Hamzah have also announced their candidacies for the party president.

Apart from that, blogger Rahmat Azim Abdul Aziz also expressed the same intention after submitting his nomination form.

The Umno party election is scheduled for June 30.

On his Facebook page, Khairy clarifi ed that the decision to run for president was not easy but it was made after thinking about the future survival of Umno.

“I took the decision to stand for the Umno president’s post because I want party members to have a choice on the future direction of the party,” he said.

Umno, he stressed, must return to the spirit of openness in all as-pects — open to contest, open to criticisms and open to criticising

leaders without getting expelled, open to accept new members un-conditionally, and open to del-egates to determine who would lead Umno, free from the clutches of warlords.

He said that whatever the out-come of the election, his loyalty to Umno would not waver and that he would support whoever chosen to become the new party president.

Khairy said it is important for the election to be carried out in the spirit of the Umno family so that it would become stronger to take on the coming challenges. — Bernama

MUAR: Th e Immigration Depart-ment and the Royal Malaysia Po-lice will be revamped due to their “confusing” structure, said Home Minister Tan Sri Muhyiddin Yassin.

He said the revamp would only be undertaken after he meets with Prime Minister Tun Dr Mahathir Mohamad to give an explanation on the matter as the two depart-ments received the highest num-ber of complaints from the public and should be resolved urgently.

“Th e purpose is none other than to ensure that the role of agencies under our ministry is run by ad-hering to the policies set because we faced all kinds of negative per-ception.

“As minister, I’m aware this mat-

ter is not good in terms of image as well as public confi dence and trust towards the ministry,” he told reporters after the Pagoh parlia-mentary constituency Aildifitri open house at the Pagoh Sports Complex here yesterday.

Muhyiddin said the revamp was expected to rectify and resolve some of the shortcomings detect-ed in the agencies previously, in-cluding the whitening process of illegal immigrants.

On another issue, Muhyiddin said he is confident the police would take the necessary steps to arrest Jho Low, the individual believed to be the main suspect in the 1Malaysia Development Bhd (1MDB) case. — Bernama

Muhyiddin: Immigration, police to be revamped

Dr Mahathir (left), Muhyiddin (centre) and Economic Aff airs Minister Datuk Seri Mohamed Azmin Ali at the Hari Raya Aidilfi tri open house in Seri Perdana last Friday. Photo by Bernama

MUAR: Th e Bersatu youth wing wants the culture of “recom-mendation letters” halted.

Th e move was to stop the abuse of power among politi-cians and civil servants, said its chairman Syed Saddiq Abdul Rahman.

(It is believed this is a com-mon practice among some pol-iticians to write such letters for individuals seeking gov-ernment approval to start a project or secure a deal.)

Syed Saddiq said civil serv-ants should also be courageous and refrain from accepting such letters or lend their sup-port on matters that are against the law.

“The prime minister has said that if there is an ele-ment of abuse of power, or if it overlaps with existing laws, civil servants must have the courage to speak up,” he said after attending an Aidilfitri open house in the Pagoh par-liamentary constituency here yesterday.

He was asked to comment on a Bersatu youth leader’s alleged abuse of political po-sition at the Ramadan bazaar in Kuala Lumpur recently.

Th e youth leader had pur-portedly abused his position by securing 80 stalls on Jalan Masjid India and then rented them out for up to RM5,000 each, notching a profi t of about RM400,000.

Syed Saddiq said he was in-formed that the incident was linked to the culture of “rec-ommendation letters”, adding that the Bersatu Youth Integri-ty Bureau had lodged a police report to ensure a thorough investigation.

It was also in line with the commitment of the Pakatan Harapan administration in tackling corruption at both the party and government levels, he said. — Bernama

Halt usage of letters of support — Bersatu youth chief

KUALA LUMPUR: “Challenging, being challenged and for me it is one of the most crucial places in a government”.

Th at was the reaction of De-fence Minister Mohamad Sabu when asked about his feelings when he fi rst served the ministry.

Mohamad or better known as Mat Sabu, however, said that after more than three weeks, he was now adjusting to the new envi-ronment in the ministry and the role he should play as the defence minister.

“Th is Mindef (defence minis-try) family is a family that is full of protocol, mostly during meetings with the sultan and royal heads of state who are patrons of a par-ticular branch of service in the Malaysian Armed Forces.

“So, as a regular person, I now

have to adhere to protocol, es-pecially regarding my attire and other matters and for me, this is something new and challenging but I can, God willing, adapt my-self in a short time,” he said in an exclusive interview with Bernama at Wisma Bernama here recently.

Mohamad, along with 12 other cabinet members, took their oath of offi ce before Yang di-Pertuan Agong Sultan Muhammad V at Istana Negara on May 21 following the victory of Pakatan Harapan in the 14th general election.

Mohamad, who is also Parti Amanah Negara’s president, said despite the exacting task of helm-ing a ministry that played an im-portant role in safeguarding the security and sovereignty of the country, he was confi dent in ex-ecuting it with the help of expe-

rienced offi cers in that ministry.He said although he is known

as a person with a sense of hu-mour and likes to joke, he took seriously any decisions being made pertaining to the ministry besides ensuring such decisions were being implemented as soon as possible.

“When decisions are made at our meeting, we have to be serious and for any decisions being taken, we have to be fi rm and resolute about these decisions. So, those who know me well will know how to diff erentiate which one is a joke and which one is serious,” he said.

Asked whether he knew he would be appointed as defence minister, Mohamad said initially he was expected to be appointed as home minister and had re-ceived many congratulatory mes-

sages from his friends.However he said Prime Min-

ister Tun Dr Mahathir Moham-ad later announced that he was appointed as defence minister, while Tan Sri Muhyiddin Yassin was named as home minister.

On his family life following his appointment as minister, Moham-ad said it did not change much but his new job demands meant that he has to leave home early and return home late at night.

“Sometimes I feel that at my age, I should have retired, but at an age over 60, I have only start-ed working, so my children are also making jokes and teasing me about it.

“Of course I feel a bit tired but to admit being tired at age 60 is out of the question because my boss, Tun Dr Mahathir Mohamad,

at age 93 is still working, so Tun is motivating me to continue work-ing,” he said.

Mohamad also said he and his family will move from their home in Shah Alam to a new residence being provided by the federal gov-ernment soon.

“I live in a terraced house. Ear-ly in the morning, riders would come to fetch me and the peo-ple around it are definitely ex-cited to live next to a minister as neighbours but another two, three months [later] they probably will be uncomfortable with the siren sounds and so on.

“I will move to a government house, God willing, located around Bukit Persekutuan, an old house that some people dubbed as the Dracula house,” he added with a laugh. — Bernama

Mohamad Sabu adapts to challenging defence minister role in Mindef

1 2 B R O K E R S’ C A L L MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

KPJ expected to benefi t from switchback to SST

Construction sectorMaintain neutral: Th e ongoing reviews of public-sector infra-structure projects have raised uncertainties over the status of ongoing and planned infra-structure projects. Th is has led to volatility in the share prices of construction stocks. Prime Min-ister Tun Dr Mahathir Moham-ad said the Kuala Lumpur-Sin-gapore high-speed rail (HSR) project has been postponed, and not scrapped as stated pre-viously, leading to a relief rally for impacted fi rms.

Th ese developments indicate that the infrastructure spending cuts may not be as severe as in-itially portrayed in statements made by the new government previously. We believe part of the reason is due to costly cancellation clauses in govern-ment-to-government contracts signed for the East Coast Rail Link (ECRL) and the HSR. If the HSR is revived, companies involved such as Gamuda Bhd, Malaysian Resources Corp Bhd, YTL Corp Bhd and HSS Engi-neers Bhd are potential ben-efi ciaries.

‘HSR postponed, not scrapped’ comes as a relief to construction companies

KPJ Healthcare Bhd(June 14, RM1.06)Downgrade to hold with an un-changed target price (TP) of RM1.07: Considering KPJ Health-care Bhd’s recent share price surge (+22% since our upgrade), we believe its risk-reward profi le is now more balanced. Th e run-up could be due to increasing market appetite for defensive stocks and the view that KPJ is a potential benefi ciary of the switchback to the sales and servic-es tax (SST) regime. Th at said, the company is trading at its fi ve-year forward mean price-earnings ratio (PER) and its share price is now close to its three-year high.

Seeing that KPJ’s share price has shot up 22% post our upgrade to “buy” in early April, we are now re-examining our investment thesis and risk-reward profi le of the stock.

KPJ’s revenue and earnings growth chugged along well in the fi rst quarter of 2018 (1QFY18) (increased 5% to 6% year-on-year [y-o-y]), large-ly led by its Malaysian operations, which made up more than 95% of its top line. Domestically, the company was fi ring on all cylinders where: i) the number of inpatients and out-patients grew 4% to 5% y-o-y; ii) fees charged per patient were also higher by around 1% y-o-y; and iii) the oc-cupancy rate rose 1% y-o-y to 69%. Collectively, these aided in Malay-sia’s revenue and profi t before tax expansion of 6% to 14% y-o-y. Th at said, other country operations (like Indonesia) were lacklustre, capping KPJ’s overall progress.

KPJ’s Indonesian operations con-tinued to be poor. Revenue dropped 19% y-o-y, dragging its 1QFY18 per-formance into the red for the sec-

KPJ Healthcare Bhd

FYE DEC (RM MIL) 2016 2017 2018F 2019F 2020F

Net turnover 2,970 3,180 3,364 3,593 3,796Ebitda 382 388 420 449 471Operating profit 252 260 291 303 317Net profit (rep/act) 154 166 181 190 198Net profit (adj) 156 175 181 190 198EPS (sen) 3.1 3.5 3.6 3.8 4.0PER (x) 33.8 30.2 29.2 27.8 26.7P/B (x) 2.9 2.7 2.5 2.4 2.3EV/Ebitda (x) 14.6 14.4 13.3 12.4 11.9Dividend yield (%) 1.6 1.7 1.7 1.7 1.7Net margin (%) 5.2 5.2 5.4 5.3 5.2Net debt/(cash) to equity (%) 76.3 80.6 55.8 55.7 54.7Interest cover (x) 5.9 5.9 5.4 5.6 5.6ROE (%) 10.1 10.0 10.2 10.1 9.9Consensus net profit - - 178 195 211UOBKH/Consensus (x) - - 1.02 0.98 0.94Sources: KPJ, Bloomberg, UOB Kay Hian

ond consecutive quarter (from a low base). The competitive envi-ronment has led to the number of patients and fees declining 4% to 28% y-o-y at Rumah Sakit Medi-ca Bumi Serpong Damai. Also, the occupancy rate dropped to a low of 37% (declined by 12 percentage points y-o-y). Nevertheless, growing the Indonesian’s presence (via joint ventures) remains a part of KPJ’s regional aspiration despite some short-term pain.

Th e hospital opening timelines in Bandar Dato’ Onn, Miri and Kuching were all pushed back by one quarter to 3Q18, 2Q19 and 2Q19 respectively; this is not a huge concern as KPJ still has space for inpatients. Separately, Jeta Gardens (a 57%-owned aged care business in Australia, which was acquired in 2010 for RM19 million)

is still up for sale. Th e disposal could free up KPJ’s capital to pare down debts or for reinvestment purpos-es. In 1Q18, the group’s net gearing stood at 0.7 times (1Q17: 0.8 times).

Th e new ruling government, Pa-katan Harapan, has kept its manifes-to promise to switch back to the SST system from the goods and services tax (GST) regime. To recap, the GST partially led to a rise in medical cost as the 6% input tax on drugs under the non-National Essential Medicine List was absorbed by private health-care providers. According to Willis Towers Watson, Malaysia’s 2016 to 2017 real healthcare infl ation shot up by 8% to 9%. Th at said, medicines were not subject to tax under the pre-vious SST system. Hence, we believe the transition back to the SST has a net positive impact on KPJ.

Scientex Bhd(June 14, RM6.55)Downgrade to hold with a lower target price (TP) of RM7: We project Scientex Bhd to report a net profi t of RM60 million to RM70 million for the third quarter of the fi nancial year ended April 30, 2018 (3QFY18), a decline from 9.8% and an increase of 5.3% year-on-year. Factors aff ect-ing its 3QFY18 results performance include: i) the recent rally in global crude oil prices may increase pro-duction costs; and ii) resilient de-mand for aff ordable housing. We reduce our earnings forecasts by 18.8% and 27.6% for the fi nancial year ending July 31, 2018 (FY18) and FY19 respectively.

Fossil fuel resins make up for more than 50% of production cost for the group’s manufacturing division. Although Scientex uses various types of polymers in its plastic packaging manufacturing division, we often use the price of global low-density polyethylene (LDPE) to analyse the

Resilient 3Q seen for Scientex’s property unit

Th ere’s no change to our fore-casts. Key downside risks include: i) market share losses; ii) a delay in hospital openings; and iii) inability to pass on higher operating costs to customers.

KPJ’s share price has shot up 22% since our upgrade in early April. We believe this was due to a combina-tion of the market developing an affinity towards defensive stocks post Malaysia’s 14th general elec-tion and the healthcare sector being viewed as a potential benefi ciary of the switchback to the SST regime. It is still the cheapest proxy for the healthcare sector in our coverage (28 times PER vs the sector mean of 36 times). As a stand-alone, KPJ is trading at its fi ve-year forward mean PER. However, its share price now is close to its three-year high.

We downgrade our call to “hold” but maintain our TP of RM1.07, based on 28 times 2019 forecast PER. Th is is in line with its fi ve-year for-ward mean PER of 28 times, but below the sector’s 36 times. We be-lieve the discount is fair as KPJ has a stretched balance sheet (net gear-ing of 0.8 times versus the sector’s 0.4 times) and generates an anae-mic return on equity (ROE) of 10% versus the sector’s 15%. Similarly, our PER-ROE regression analysis suggests pegging the stock at 26 to 28 times forward PER. Despite our “hold” call, we acknowledge that KPJ still appeals to long-only investors, given that it is blessed with positive structural trends like: i) an ageing population; ii) “lifestyle” diseases; and iii) rising affl uence that will con-tinue to support and drive organic growth. Th e entry level is 90 sen. — UOB Kay Hian, June 14

Scientex Bhd

FYE JULY (RM MIL) 2016 2017 2018E 2019F 2020F

Revenue 2,201.0 2,403.2 2,525.1 2,680.6 2,953.6Gross profit 440.2 493.2 538.7 567.4 586.5Ebitda 367.1 388.3 446.0 481.0 508.0Ebit 312.6 325.1 375.1 396.9 408.8Reported PBT 306.3 318.0 327.6 343.9 370.0Reported net profit 240.9 255.9 267.8 281.1 302.5Adj net profit 240.9 255.9 267.8 281.1 302.5Basic EPS (sen) 106.0 54.8 54.8 57.5 61.9Adj EPS (sen) 49.3 52.3 54.8 57.5 61.9GDPS (sen) 16.0 17.0 18.0 19.0 20.0Source: TA Securities

price trend of raw material cost. We fi nd that LDPE resin’s global price moved in line with the movement of global crude oil prices until end-2017. Industry experts believe the LDPE price will continue to increase in line with increasing global de-mand and increasing crude oil pric-es. Th e Brent crude oil price has in-creased by about 9.8% year-to-date,

surpassing the US$70 (RM278.60) per barrel (bbl) mark in May, then coming back to US$65/bbl level cur-rently. We reduce Scientex’s FY18 and FY19 earnings projections by 18.8% and 27.6% respectively after revising our FY18 in-house crude oil price assumption to US$70/bbl from US$60/bbl previously. In our sensitivity analysis, every US$5/bbl

increase in crude oil prices would re-duce our earnings forecast by 18.5% for FY18, ceteris paribus.

Scientex’s property division is expected to chalk up a resilient 3QFY18. Th e group will continue to focus on aff ordable housing as the take-up rate has been healthy between 90% and 100% in the past’s project launches. In our forecast, we project the company to rake in property sales of RM794 million for FY18 and RM814 million for FY19.

Scientex has a total of 2,200 work-ers and of this, about 30% are foreign workers. Most of the workers work within the manufacturing segment and account for about 6.5% of man-ufacturing-segment sales. We do not foresee a big impact from an increase in minimum wage follow-ing the general election. Manage-ment also guided previously that the implementation of foreign worker levies in January 2018 would have no material impact on Scientex’s earnings. — TA Securities, June 14

If construction of the ECRL project continues, Malaysian contractors pursuing subcon-tracts such as IJM Corp Bhd, WCT Holdings Bhd and Ad-vancecon Holdings Bhd are po-tential benefi ciaries. Th e can-cellation risk for HSS’ ECRL contracts, worth about RM130 million (19% of its order book of RM673 million), is also reduced.

Th ere was good investor in-terest in our recent macroe-conomics/construction-sector outlook analyst meetings. We met up with 23 foreign insti-tutional investor fi rms in Sin-gapore and Hong Kong. Most investors were concerned about the short-term impact from the transition to a new government but acknowledged the good long-term prospects of a more transparent and effi cient gov-ernment.

We reiterate our “neutral” call on the construction sector due to potential delays in im-plementation of infrastructure projects and a reduction in gov-ernment infrastructure spend-ing. Th is will reduce the order book replenishment prospects of contractors. Our top buys are IJM (large-cap), Sunway Con-struction Group Bhd (mid-cap) and HSS (small-cap). — Affi n Hwang Capital, June 14

These developments indicate that the

infrastructure spending cuts may not be as severe as initially portrayed.

B R O K E R S’ C A L L 1 3MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

Kawan Food to produce ‘fresh-frozen’ breads

Transport sector faces various headwinds

Gas Malaysia Bhd(June 14, RM2.94)Downgrade to market perform with an unchanged target price (TP) of RM3.05: Last Wednesday, Gas Malaysia Bhd announced that the government had approved the half-yearly natural gas base tariff rate revision for non-power sec-tors in Peninsular Malaysia to RM31.92 per million British ther-mal unit (mmbtu) on average for July 2018 to December 2018 from RM30.90/mmbtu in January 2018 to June 2018, which is in line with the national rationalisation plan and gas cost pass-through (GCPT) announced in December 2016. In addition, under the GCPT frame-work, a surcharge of 77 sen/mmbtu will apply to all tariff categories due to higher actual gas costs against the reference gas costs, translating into an average eff ective tariff of RM32.69/mmbtu, which is slightly higher than RM32.52/mmbtu for the fi rst half 2018.

Th is is not a surprise to us as it is a scheduled half-yearly revi-sion while the tariff revision has neutral impact on Gas Malaysia on a six-month lagged basis as it is a cost pass-through under the GCPT mechanism. Meanwhile, with the implementation of GCPT in January 2016, which is similar to the imbalance cost past-through for the power sector in Peninsular Malaysia, upward revisions in the natural gas tariff are expected in the upcoming reviews until the gas price reaches market price. Having said that, Gas Malaysia’s profi ta-bility would not be aff ected as its profi t margin spread is determined under the incentive-based regu-lation framework based on asset return of 7.5%, which is estimated at between RM1.80/mmbtu and RM2/mmbtu currently. As such, any price hikes will have neutral impact to Gas Malaysia via GCPT adjustment.

Like the other two regulated utility companies, Tenaga Nasion-al Bhd and Petronas Gas Bhd, Gas Malaysia also faces the concern of any changes in the GCPT mecha-nism that may negatively aff ect it under the Pakatan Harapan gov-ernment’s populist policy. In our opinion, it is unlikely that the au-thority will review the base tariff under the current GCPT’s regulato-ry period of 2017 to 2019 as it does not impact the public directly given that it deals only with businesses.

We downgrade the stock to “market perform” from “outper-form” as we believe all positives have already been priced in follow-ing a 7% run in the past two weeks. Nonetheless, we remain positive on Gas Malaysia’s outlook for its steady volume growth coupled with the margin spread certainty. Th erefore, any price weakness would off er buying opportunity. We maintain our discounted cash fl ow-driven TP of RM3.05. Th e “market perform” call is also supported by its decent yield of 3% to 4%. — Kenanga Re-search, June 14

Higher eff ective tariff rate seento have neutral impact onGas Malaysia

Transport sectorMaintain neutral: We are neutral on the transportation sector over the next 12 months. While there are plen-ty of opportunities in store for play-ers, particularly, in the tourism and e-commerce space, we are mindful of various headwinds such as the in-creased regulatory risk on the back of the change in the political landscape following the 14th general election, potential dial-back of certain major initiatives by the preceding adminis-tration and rising fuel costs.

Tourism Malaysia has projected Malaysia’s tourist arrivals to surge by a whopping 28% to 33.1 million in 2018 from 25.9 milliom in 2017, and to hit 36 million in 2020 in con-junction with the Visit Malaysia Year 2020 campaign. We fi nd the projec-tion a tad optimistic given that the numbers had stagnated at about 26 million over the last three years. Nonetheless, we do agree that the trend for tourist arrivals in com-ing years is upwards, as Malaysia is slated to host a series of high pro-fi le international events including the Commonwealth Heads of Gov-ernment Meeting, the Asia-Pacif-ic Economic Cooperation summit and World Congress of Information Technology. Low-cost carrier AirA-sia and airport operator Malaysia Airports are the main benefi ciaries of the growing tourist arrivals.

Th e rapidly expanding e-com-merce sector, particularly, online shopping, has created huge oppor-tunities for parcel delivery service providers such as Pos Malaysia. Ma-

Kawan Food Bhd(June 14, RM2.35)Maintain add with an unchanged target price (TP) of RM3.14: At the end of last week, we arranged a tel-econference call for Kawan Food Bhd managing director Timothy Tan with around 20 buy-side fund managers and analysts. Th e com-pany indicated that almost all the required government approvals for its new factory have been secured and it is just waiting for a halal certi-fi cation from the Malaysian Islamic Development Department (Jakim). Commercial operations at the new factory in Pulau Indah is slated to start in July 2018.

Kawan Food stated that total cap-ital expenditure for its new factory in Pulau Indah is around RM200 million. Th e new factory has three to four times the roti paratha and chapati production capacity of its existing factory. Th e existing factory was already running at full capacity and Kawan Food was unable to in-troduce other product varieties as it could only focus on bestselling prod-ucts. With just the existing factory, it would also be unable to launch

Tourist arrivals in Malaysia

Million tourists

Source: Tourism Malaysia

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10

15

20

25

30

35

40

19

95

19

96

19

97

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99

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F

laysia’s presence in the regional and global e-commerce market is on the cusp of a quantum leap, driven by the Alibaba-backed Digital Free Trade Zone (DFTZ) project in the KLIA Aeropolis. Th e DFTZ will serve as a regional e-fulfi lment centre as well as an e-commerce logistics hub. Apart from Malaysia Airports, we believe local logistics players are poised to garner a slice of action in the physical zone of the DTFZ.

On the other hand, regulated businesses may face a higher reg-ulatory risk, as the new administra-tion strives for better deals for the rakyat, as promised in its election manifesto. Under these circum-stances, it is unlikely, for instance, for airport operator Malaysia Air-ports to secure an upward revision in passenger service charges (PSC). In fact, in the run-up to potential-ly new rates in 2019, the transport ministry now says that PSC should

be determined in accordance with the quality of facilities in the air-port, which means certain smaller and older airports may even see a reduction in PSC.

Also, there are concerns over whether the DFTZ project, a Chi-na-Malaysia initiative of the preced-ing administration, will go ahead as planned. All China-Malaysia deals signed in recent years will now come under scrutiny. Th is follows the rev-elation of unconventional contrac-tual terms the preceding adminis-tration entered into with Chinese lenders and contractors with regard to the East Coast Rail Link and two multi-product petroleum pipeline projects, where the payment sched-ules are based on timeline mile-stones (which are eff ectively auto-matic), versus the industry’s norm of percentage of completion. Th is has resulted in the payments being way ahead of the actual work done,

which is nonsensical. Meanwhile, trans-shipment sea-

port operator Westports will still feel the negative impact from the recent reorganisation of the global shipping alliance, resulting in the diversion of trans-shipment cargo volumes to Singapore. On a brighter note, we expect gateway cargo volumes to continue to grow in coming years, thanks to Malaysia’s robust exports and imports. Meanwhile, Bintulu Port will be weighed down by start-up costs at its newly completed Sa-malaju Industrial Port.

We may upgrade our “neutral” stance on the transport sector to “overweight” if tariff s are adjust-ed upwards, volume performance beats expectations, yields surprise in the upside on reduced competi-tion, and fuel cost comes down on weaker crude oil prices.

We may downgrade our “neu-tral” stance on the transport sector to “underweight” if volume perfor-mance misses expectations, yields surprise in the downside on height-ened competition, and fuel cost goes higher on stronger crude oil prices.

Our top pick for the sector is AirAsia. AirAsia is a good proxy for the growing low-cost air travel market in the region, underpinned by rising per capita incomes and a young demographic. Its strong mar-ket presence enables it to compete eff ectively against its rivals. It has struck a chord with investors with its plans to monetise some of its auxiliary businesses. — AmInvest-ment Bank, June 14

new products for export. For exam-ple, one new product Kawan Food is looking at launching is wholemeal paratha bread.

One of the exciting new products that Kawan Food would be produc-ing at its new factory is “fresh-frozen” breads. Th e breads would be frozen immediately after production, for ex-

port. At the shops, they would chilled at 10°C to ensure shelf life of two weeks. Such “fresh-frozen” products have been gaining popularity in the US and Europe in the past few years. Kawan Food plans to launch its own “fresh frozen” bread product in the US in the third quarter of 2018.

We expect domestic demand

Kawan Food Bhd

FYE DEC (RM MIL) 2016A 2017A 2018F 2019F 2020F

Revenue 186.9 196.3 235.6 306.3 365.6Operating Ebitda 47.40 42.60 59.50 76.70 90.50Net profit 33.00 29.60 40.95 56.25 68.40Core EPS (RM) 0.09 0.08 0.11 0.16 0.19Core EPS growth (%) 3.1 (10.3) 38.3 37.4 21.6FD core PER (x) 18.22 27.08 19.58 14.25 11.72DPS (RM) 0.060 0.060 0.060 0.060 0.060Dividend yield (%) 2.69 2.69 2.69 2.69 2.69EV/Ebitda (x) 15.72 17.55 12.28 9.22 7.36P/FCFE (x) 88.4 122.9 27.0 19.9 12.1Net gearing (%) (19.4) (17.4) (20.9) (24.8) (31.6)P/BV (x) 2.75 2.57 2.36 2.11 1.87ROE (%) 13.5 9.8 12.6 15.6 16.9CIMB/consensus EPS (x) 1.14 1.20 1.12Sources: CIMB Research, company reports

for Kawan Food’s bread products to remain strong this year with the zero-rated goods and services tax (GST) eff ective June 1. Its domestic revenue growth was fl at in fi nancial year ended Dec 31, 2015 (FY15) as domestic demand was negatively af-fected by the implementation of GST that year. However, its domestic rev-enue recovered in FY16 and FY17, as more households ate at home instead of going out. Kawan Food benefi ted from this trend. Domestic revenue constituted 39% of group revenue in FY17 (70% in FY12), with export sales rising over the past six years.

We continue to like Kawan Food’s defensive food and beverage (F&B) business, and believe revenue growth will likely come from new products such as “fresh-frozen” breads. We maintain our earning per share fore-casts and TP, based on 20 times cal-endar year 2019 forecast price-earn-ings (PE) (at a 20% discount to our 25 times target PE for the F&B sector). Potential key rerating catalysts are the successful takeoff of the new factory and higher export revenue. A key downside risk is weak export sales. — CGSCIMB Research, June 13

1 4 C O M M E N T MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

Crackdown and cashHun Sen’s recipe for victory in Cambodian poll

BY TO M A L L A R D & P R A K C H A N T H U L

It is Trump sanctions — not Opec — that are boosting oilBY J U L I A N L E E

Drenched in sweat and more than an hour into a speech urging 16,000 garment facto-ry workers to vote for the rul-ing party, Prime Minister Hun Sen of Cambodia revived the

restless crowd by announcing that everyone would receive a cash gift.

“Nephews and nieces, it is just a little,” he said as the audience cheered and applaud-ed. “You each get 20,000 riels (RM19.60) as a gift. For nieces who are pregnant, you each get an extra envelope.”

Cambodians go to the polls on July 29 and Hun Sen, who has ruled Cambodia for more than 30 years, is trying to ensure vic-tory after two close elections in 2013 and 2017 with cash inducements and a series of punishing measures against the opposition.

In doing so, according to critics, he has delivered a hammer blow to Cambodia’s status as a liberal democracy, which is en-shrined in the country’s constitution forged by a United Nations peace deal in 1991.

Kem Sokha, the leader of the main op-position Cambodia National Rescue Party (CNRP) was arrested in September for alleg-edly treasonous remarks in a speech made four years earlier.

Two months later, the CNRP was dis-solved with almost all of its elected offi cials replaced by members of the ruling Cambo-dian People’s Party (CPP).

Meanwhile, civil liberties and freedom of speech have been quashed as independent media outlets close and critics and journal-ists are detained.

Huy Vannak, under-secretary of state at the interior ministry, defended the cash payments at rallies, saying “it’s government money”. A CPP spokesman, Sok Eysan, how-

ever, said the party did not hand out money. Hun Sen’s cabinet chief, Ho Sothy, could not be reached for comment.

Sophal Ear, a Cambodia analyst at Oc-cidental College in Los Angeles, said Hun Sen, spooked by recent election setbacks, has “stacked the deck” to ensure victory.

“He determined that the only way forward would be to retain power by any means neces-sary,” Sophal Ear said in emailed comments.

“He is setting the stage for whatever may happen next but with him and his family in control, always.”

Th e opposition does not typically hand out cash at rallies, according to political analysts and opposition members.

However, the National Election Commit-tee, which is supposed to be independent, has supported Hun Sen’s practices.

“As the head of the royal government, he has the right to organise things in society,” said Hang Puthea, a spokesman for the committee, when asked about the cash handouts.

Never had it so goodTh e close calls for the CPP in the 2013 national election and local elections in 2017, in which the CNRP received more than 40% of the vote, refl ected two fundamental shifts in Cambodi-an society, said Caroline Hughes, an analyst at the University of Notre Dame.

Th e fi rst is the spread of the Internet and social media; the second, a bulging youth de-mographic with no memory of the genocide and civil war that convulsed Cambodia for more than two decades. Th e younger genera-tion is driven by economic concerns, she said.

“Th ey don’t work on the family farm like their parents. Th ey work in factories — either in Phnom Penh or maybe Th ailand or South Korea,” Hughes said. “Th is is a generation that is saying ‘what have you done for us’.”

Many factory workers joined mass pro-

tests after the 2013 election amid claims of voting irregularities.

At the recent Hun Sen rally, outside a fac-tory on the outskirts of Cambodia’s capital, Phnom Penh, Hun Sen addressed a crowd of mainly young and female workers. As they sat in tents emblazoned with slogans of the CPP, Hun Sen’s message was that they had never had it so good.

Th e minimum wage for factory workers and civil servants had more than doubled since the last election, he said, the dividend of the CPP securing peace and stability.

Do not believe those who say the elec-tion is fl awed, he said. Th ere are 20 parties registered to compete, he added.

“It’s good to hear what he has to say, to know what’s happening with wages,” said Khom Siem, a pregnant factory worker clutching an envelope which she said contained US$200.

“Under Hun Sen, it’s better. We have more benefi ts than before.”

Other workers, who asked not to be iden-tifi ed, said variously that they had come for the money, a day off work and because their boss had ordered them to.

BoycottTh e CNRP has called for a boycott of the election, a step its exiled leader, Sam Rainsy, says will allow his supporters to cast judg-ment on Hun Sen’s legitimacy.

Hang, the National Election Committee member, said calls for a boycott were illegal, even though voting is not compulsory.

“It is legal if you call for people to vote,” Hang said. But “if you encourage them not to vote, it violates other people’s rights.”

Refl ecting nervousness about discussing the boycott call, eight workers interviewed by Reuters at Hun Sen’s rally all declined to comment.

“I could say [something about the boycott]

but I would get into trouble,” said one worker.Korn Savang, co-ordinator at the Com-

mittee for Free and Fair Elections in Cambo-dia, said the interpretation of the country’s election laws were “politically motivated” and favoured the government.

Calling for a boycott was an “expression of opinion”, not obstructing citizens’ voting rights, he said.

Kung Raiya, a 27-year-old activist, is one of the rare voices of open dissent in Cambo-dia. He spent 18 months in prison for crit-icising the government and said he shared a four by 4 metre cell with 30 other inmates.

“I would like to hold a banner that says people have the right not to vote,” he said. “But my supporters said don’t do it, you might be arrested. But it’s legal. And I will do it.”

Th e fi rst Cambodian imprisoned for an-ti-government comments on social media, Kung said there were now fewer critical posts about the regime on Facebook, the most popular platform.

“Th e quantity has declined,” he said. “Peo-ple will write in a lighter way. Also, they don’t want to share or comment on them. Fear is rising after a lot of arrests.”

In March, another activist, Sem Sokha, was sentenced to two years in prison for posting a video of herself throwing a shoe at a CPP billboard featuring Hun Sen’s image.

Last week, citing concerns about “insta-bility”, Cambodia’s government said it would deploy staff from three ministries to monitor and control content on the Internet.

Huy Vannak, the interior ministry offi cial, said media companies had been closed be-cause they had broken the law.

Th e crackdown was required to stop cha-os, he said.

“It’s not important that you say everything, but you choose what is best to say.” — Reuters

AS Opec oil ministers prepared to meet in Vienna later this week, US President Donald Trump fi red another twitter-shot across their bows. But it is his decision to slap sanctions back on Iran that is the real driving force behind the rising price of oil.

Th e US president has accused Opec of being “at it again” for the second time in as many months. Quite what “it” is, he has never specifi ed.

I am always a bit confused about what people actually mean when they accuse the group of artifi cially raising the price of oil. Opec does not set it — and has not done so for more than 30 years.

Perhaps the president is railing at the fact that some members of the group have spent millions of dollars creating production capac-ity that they are not using. But that surplus is a vital safety valve in the event of a sudden loss of supply — such as the one that occurred when US-led forces invaded Iraq in 2003, or when Western-backed rebels overthrew Libya’s Muammar Gaddafi in 2011. Opec’s spare capacity has been used to compensate for sudden supply disruptions more often than America’s strategic petroleum reserve.

BLOOMBERG

Th ere is no reason that Opec should pump as much oil as Trump, or anyone else, wants. Th e organisation exists to look after the in-terests of its members.

It was less than two years ago that candi-date Trump’s energy adviser Harold Hamm told Bloomberg Businessweek that Opec was “irrelevant.” A little over a month later the same Harold Hamm said it was “high-time” for the irrelevant Opec to agree on a production freeze to raise prices.

No one expects politicians, or their ad-visers, to be consistent. And oil at US$67

(RM266.66) a barrel is very diff erent to oil at US$46. Back then, US shale oil produc-tion was on the slide and needed a saviour. It found one in Saudi Arabia’s then deputy Crown Prince Mohammed Salman and oil minister Khalid Al-Falih, who reversed the kingdom’s “pump-at-will” policy and be-gan to set oil prices on the path to recovery.

Now Saudi Arabia is once again at the forefront of a group of Opec countries urg-ing other members to do as America wishes — this time by raising output.

Th e about-face comes hard on the heels of

Al-Falih’s assertion just eight weeks ago that Opec’s market-balancing job was not yet done and that output restraint needed to be pro-longed (see chart — Buyers Beware).

What changed in that eight weeks? Th e outlook for the availability of Iranian oil. Trump’s decision to pull out of the nuclear deal and reimpose sanctions will reduce the volume of crude available from the country by an unknown amount.

I have said from the outset that the amount of Iranian oil that will be forced off the mar-ket will be more than when sanctions were previously in force — even without the EU bans on purchases that accompanied US curbs last time around.

Analysts are now starting to ratchet up their forecasts of the volume that could be lost.

Th e curbs will be more extensive than under president Obama — targeting Iran’s exports of condensates as well as crude oil — and waivers will be harder to come by. Tanker owners and insurers may already be reacting to the imposition of sanctions, even before they come into eff ect.

It is the fear that the world is about to lose as much a million barrels a day of Ira-nian crude oil exports by the end of the year, and possibly another 500,000 barrels from Venezuela, that has really driven oil prices higher — not Opec. — Bloomberg

W O R L D B U S I N E S S 1 5MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

Samsung loses FinFet patent disputeChipmaker told to pay US$400m, pledges to appeal

BY S U S A N D EC K E R & D E N N I S R O B E R T S O N

BY B R E T T FO L E Y

BY N E I L U N M A C K

BY N I C L A S R O L A N D E R

A fi lepic of the Sydney Opera House (foreground) and buildings in the fi nancial district standing illuminated at dusk in Sydney, Australia. The nation has been mired in an energy crisis that has pushed up local power prices. Photo by Bloomberg

WASHINGTON/TEXAS: Samsung Electronics Co Ltd was told to pay US$400 million (RM1.59 billion) after a federal jury in Texas said it infringed a patent owned by the li-censing arm of a South Korean uni-versity. Samsung pledged to appeal.

Q u a l c o m m I n c a n d GlobalFoundries Inc also were found to have infringed the patent but weren’t told to pay any damag-es to the licensing arm of the Korea Advanced Institute of Science and

STOCKHOLM: Now that investors have stopped badgering Telia AB chief executive offi cer (CEO) Johan Dennelind about how his plan to exit Central Asian markets is pro-gressing, he’s turning to an eyesore closer to home: Denmark.

Th e phone company executive’s patience with the Danish unit, where Telia’s fi xed-line business is small and the wireless arm is “subscale”, is dwindling, Denne-lind said in an interview in Stock-

Technology (KAIST), one of South Korea’s top research universities.

Th e dispute centres on the tech-nology known as FinFet, a type of transistor that boosts performance and reduces power consumption for increasingly smaller chips. KAIST IP US, the university’s licensing arm, claimed in its initial complaint that Samsung was dismissive of the FinFet research at first, believing it would be a fad. Th at all changed when rival Intel Corp started licens-ing the invention and developing its own products, according to KAIST IP.

Samsung, the world’s largest

chipmaker, told the jury that it worked with the university to de-velop the technology and denied infringing the patent. It also chal-lenged the validity of the patent.

Samsung’s infringement was found to be “willful”, or intentional, meaning the judge could increase the damage award to as much as three times the amount set by the jury. Th e company said it was dis-appointed by the verdict.

“We will consider all options to obtain an outcome that is reasona-ble, including an appeal,” Samsung said in a statement. — Bloomberg

Telia seeks solution for Denmark as Asian chapter draws to close

holm. He’s reviewing options in the country and wants to announce a solution — which could mean a sale of the unit — before year end.

“We shouldn’t be afraid of leaving a country where we can’t make mon-ey,” Dennelind said. “We don’t see a path to a company there that meets our fi nancial criteria stand-alone.”

When Dennelind took over as the CEO in 2013, Telia had a com-plex structure of holdings in Central Asia, some of which were dogged by corruption concerns. After a num-ber of divestments and a near US$1

billion (RM3.98 billion) fi ne to US and international authorities to set-tle a graft probe in Uzbekistan, what remains of that business has faded in importance. Dennelind, 48, has turned to building fibre in Swe-den, integrating Norwegian carrier Phonero, and scouting the Nordic market for media assets. Denmark remains key on his agenda.

In the country of 5.7 million people, four wireless carriers com-pete in a market plagued by price wars that have crimped profi tabil-ity. — Bloomberg

MELBOURNE: Australia’s energy retailers face further government intervention in the market if they don’t move to lower power pric-es for consumers after a drop in wholesale charges, according to Energy Minister Josh Frydenberg.

Wholesale charges have fallen by about 30% from last year and that should start to fl ow to custom-ers, Frydenberg said yesterday on Sky News. While the companies are “on notice”, the government will await a report from the Australian Competition and Consumer Com-mission later this month before deciding if more intervention is required and in what form.

PARIS: Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said.

“An agreement is close at hand,” Le Maire said on Twitter late on Saturday after final nego-

tiations on the subject with this German counterpart in the north-ern German city of Hamburg. The minister added that he hoped an agreement could be finalised tomorrow, when German Chan-cellor Angela Merkel and French President Emmanuel Macron are

scheduled to meet near Berlin.Paris and Berlin are racing to

bridge the gap between Macron’s vision of grand European Union reforms and Merkel’s more prudent approach by a crunch eurozone summit on June 29.

“Th ere are two or three remain-

ing issues” to sort out, a European source close to the negotiations told AFP. “But these are clearly defi ned and limited.”

The source added that “real progress had been made on the sensitive issues that remained to be decided, especially regarding

the eurozone budget”.Germany and other northern

European states have baulked at Macron’s calls to give the eurozone its own big budget, fearing the more fi scally prudent north will have to pick up the tab for overspending by the more profl igate south. — AFP

LONDON: A staggered exit from quantitative easing (QE) is the most Mario Draghi can do. Th e European Central Bank (ECB) said last Th urs-day it expected to stop adding to its bond portfolio via purchases of sovereign and corporate debt. But the exit is qualifi ed by caveats, and a pledge to keep rates low. Trade wars and a weak eurozone mean the ECB president has little choice but to keep his options open.

Th e ECB’s statement that it ex-pects to stop increasing the size of its bond portfolio at the end of December marks the offi cial end of the money printing experiment begun in 2015. It looks about time: Growth is healthy, and the central bank expects infl ation to average 1.7% over the next two years, close to its target. Employment in the euro area is at a record high.

Yet it’s an awkward time to take risks. Growth, while above the euro-zone’s potential, is still expected to fall this year to 2.1% from last year’s 2.5%. Political risks are growing: Th e US is threatening Europe with a trade war. Th e Italian government meanwhile wants to push up its defi cit and unpick reforms.

France, Germany close to agreement on eurozone reform

Australian energy retailers may face further intervention in prices

“We need to see prices come down more,” Frydenberg said. “Prices have moved, but certain-ly it’s not enough. We want to see prices come down more and we’re confi dent that will be the case.”

Energy ministers from Australia’s six states and two territories met last week as the federal government seeks an agreement by August on its contentious National Energy Guar-antee, which aims to lower electric-ity prices and require generators to guarantee reliable supply and limit emissions. Th e nation, one of the world’s biggest coal and gas ex-porters, has been mired in an en-ergy crisis that has pushed up local power prices and cast doubt on the reliability of its grid. — Bloomberg

ECB’s staggered retreat from quantitative easing makes sense

Th at puts the ECB in a tricky po-sition: If it keeps buying bonds, it can be accused of facilitating Italy’s rebellious government. If it stops abruptly, and market expectations of rate increases cause bond yields to rise sharply, investors could wor-ry about Italy’s ability to service its debt, currently 132% of gross do-mestic product.

In that tricky context, the ECB’s complex move looks sensible. It an-ticipates ending QE in December, but that is contingent on infl ation numbers. And it said rates would not rise until September next year. Moreover, principal proceeds from the €2.4 trillion (RM11.15 trillion) of bonds it already owns will be invested for as long as necessary.

The euro fell, as did German bond yields. Th e relatively benign market reaction will make it easier for the ECB to creep towards the exit. Yet its task will probably get harder. Th e Italian government’s demands for fi scal leniency and tougher migration rules could hurt confi dence, and increase fears over the eurozone breaking up. A global trade war would particularly hurt Germany, Europe’s largest econo-my. QE is ending, but normal mon-etary policy is way off . — Reuters

1 6 W O R L D B U S I N E S S MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

Saudi oil chief faces toughest Opec testAl-Falih needs to ensure smooth exit strategy from output cuts

China state media attack US tariff s

‘Global markets just lost their goalie’

BY J AV I E R B L A S & WA E L M A H D I

BY J E F F C OX

BY A N D R E W G A L B R A I T H

BY K E R I S L A H I F F

NEW JERSEY: Th e Federal Reserve may have telegraphed a fourth in-terest rate hike this year, but markets didn’t quite get the message.

After the conclusion last Wednes-day of its two-day meeting, the Federal Open Market Committee, through the so-called dot plot of individual members’ expectations, indicated that it would increase rates two more times before 2018 ends. Th at would come on top of the quar-ter-point rate increase the commit-tee approved at the meeting, as well as one already enacted in March.

While the more aggressive tilt nor-mally would trigger a corresponding move in the Fed funds futures mar-ket, where contracts for the central bank’s benchmark rate are traded,

Fed says it’s hiking rates four times this year

Powell speaking at a news conference in Washington DC on June 13, 2018. The Fed raised the benchmark lending rate last Wednesday, the second increase of the year. Photo by AFP

SHANGHAI: China responded vigorously in state media on Sat-urday after the administration of US President Donald Trump said it would impose tariff s on US$50 billion (RM199 billion) of Chinese imports, but some commentary left room for fur-ther negotiations.

Late last Friday, China said it would impose additional 25% tariff s on 659 US goods worth US$50 billion, in response to the US imposition of tariff s.

“Th e wise man builds bridges, the fool builds walls,” the offi cial Xinhua news agency said in an editorial, echoing offi cial com-ments that China would defend its interests in a trade war.

“Th e wise man builds bridges, the fool builds walls,” the offi cial Xinhua news agency said in an editorial, echoing offi cial com-ments that China would defend its interests in a trade war.

“Following the path of ex-panding and opening up is Chi-na’s best response to the trade dispute between China and the United States, and is also the

NEW YORK: It’s been a big week for central banks, with both the Federal Reserve and European Central Bank each tinkering with monetary policy.

This represents a change in the winds for global markets, ac-cording to Wells Fargo’s Michael Schumacher.

“For many, many years, the central banks have really been a great tailwind for investors,” Schu-macher, head of interest rate strat-egy at Wells Fargo, told CNBC’s Futures Now last Th ursday.

“Th ey’ve had these massive bond buying programmes ef-fectively supporting and en-couraging people to go out and take more risk, to buy equities, to buy high-yield bonds, lever-

SINCE he became Saudi Arabian en-ergy minister two years ago, Khalid Al-Falih has had a good run: he per-suaded a fractious Opec (Organi-sation of the Petroleum Exporting Countries) to cut oil production, convinced Russia to join the cartel in curbing output, and then saw Brent crude rise nearly 75% to US$80 a barrel.

But his toughest test comes this week when Opec holds what’s like-ly to be its most diffi cult meeting in years. As economic growth, re-newed sanctions on Iran and the collapse of Venezuela’s petroleum industry stretch the global oil mar-ket, he needs to ensure a smooth exit strategy from the cuts without causing a crash in prices.

To make things more compli-cated for the mechanical engineer turned oil diplomat, Opec is being buff eted by competing geopolitical agendas. While Riyadh and Moscow have agreed to open the taps, Cara-cas and Tehran want higher prices to compensate for the impact of US sanctions.

“Th e consensus is imploding,” said Roger Diwan, a veteran Opec watcher at consultant IHS Markit Ltd. “I don’t see how you can rec-oncile the positions of Russia, Sau-di Arabia, Venezuela and Iran. Th e contradictions are too many.”

“Th is is the most political Opec meeting in a long time,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.

Mohammed al-Shatti, the na-tional representative at Opec from Kuwait, said that Al-Falih delivered two new things to the cartel.

“Th e fi rst is his good cooperation with non-Opec and that’s one of the

the response was minimal.As of last Friday afternoon, trad-

ers were implying just a 55% chance of a fourth hike in December — a little better than a coin fl ip and just 10 percentage points or so above the chances before the meeting and the surprise dot-plot change.

Th ere are multiple reasons why the market is not buying into a more hawkish Fed.

responsibility that major coun-tries should have to the world,” it added.

An editorial in the ruling Com-munist Party’s offi cial People’s Daily condemned what it called the Trump administration’s “ob-session with playing the disgrace-ful role of global economic dis-ruptor”. “Th ere is no winner in a trade war, and the US instigation of a trade war is extremely de-structive to global trade, econom-ic globalisation, multilateral trade systems and global production supply chains.”

In an editorial, the official English-language China Daily said the measure was “a stark violation of the core spirit of re-cent trade talks between China and the United States.”

While calling Trump’s ad-ministration “inconsistent and precarious,” it expressed hope a trade war might yet be averted.

“Given the frequent fl ip-fl op-ping of the Donald Trump ad-ministration, it is still too early to conclude that a trade war will start,” the editorial said, adding that China’s stance had been consistent. — Reuters

aged loans, whatever it might be,” he added.

Th at kind of easy money is dis-appearing from markets as global central banks turn the spigot on accommodative monetary policy, Schumacher said.

“You’ve got the ECB saying we’re going to stop buying bonds at the end of this year; the Fed’s been shrinking its portfolio,” he said. “Who is the support? Or, if you want to think about it in World Cup terms, who’s the goalie?”

“It’s always nice to have a back-stop or to have some protection when things go wrong,” said Schu-macher. “We’re not saying the central banks are completely out of the picture but I think the hur-dle for them to re-engage is much higher than its was 6 months ago to 12 months ago.” — CNBC

reasons behind the success of the current production cut agreement,” he said. “Th e second feature is his ability to think outside of the box and look for new ideas all the time.”

Inside Opec, few would besmirch Al-Falih’s achievements, but private-

Primarily, they centre on the be-lief that the central bank will have limited room to move considering the dovish position of many of its global counterparts. Th ere also are fears that a Fed that is too hawkish could invert the curve on govern-ment bond yields and signal a re-cession.

Chairman Jerome Powell said that while the Fed is “not ready to declare victory” on its price stabil-ity mandate, he added that growth looks strong and able to support the central bank’s continued march back toward normalisation. Last Wednesday’s move pushes the tar-get range for the rate to 1.75% to 2%. — CNBC

For more, visit www.cnbc.com

ly offi cials and delegates sometimes complain about his methods. To some, the Saudi minister is overly direct, occasionally bordering on undiplomatic. For others, he’s a mi-cro-manager. It’s certain Al-Falih has brought a business-like approach to Opec — creating dashboards to check whether countries deliver on their promises, for example.

For now, the oil market is the pri-ority. After his visit to Moscow, he’ll be Vienna this week, dashboards in hand, trying to hold the Opec alli-ance together and keep his good run going. — Bloomberg

This is the most political Opec meeting in a

long time.

W O R L D 1 7MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

S Korea, US to announce military drill suspensionIt is likely to aff ect major exercises, not routine ones — Yonhap

BY J O S H S M I T H

BY W I L L I A M J A M E S & E S T E L L E S H I R B O N

BY D I EG O U R D A N E TA

BY E WA K R U KO W S K A & J O N AT H A N S T E A R N S

SEOUL: South Korea and the US are expected to announce the suspen-sion of “large-scale” military drills this week, with the provision that they would restart if North Korea failed to keep its promise to denu-clearise, news agency Yonhap said yesterday.

Citing an unnamed govern-ment source, the South Korean news agency said the suspension was likely to aff ect only major joint exercises, not more routine mili-tary training.

KABUL: Th e Taliban yesterday ordered its fi ghters in Afghan-istan to avoid gatherings of se-curity forces and civilians, a day after a suicide bomber killed 25 people including members of the militant group celebrating an unprecedented ceasefi re.

Saturday’s attack on the out-skirts of Jalalabad in the eastern province of Nangarhar marred an otherwise extraordinary Eid holi-day as Taliban members hugged, posed for selfi es and prayed with Afghan police and troops, poli-ticians and civilians around the country — scenes that would have been unthinkable only a few days ago.

It was the fi rst formal nation-wide ceasefi re since the 2001 US invasion and the display of jubila-tion and unity has fuelled hopes among war-weary Afghans that peace is possible.

Th e attack on a crowd cele-brating the truce in Rodat district also wounded 54 people and was blamed by offi cials on the Islamic State (IS) group.

After the bombing the Talib-

LONDON: British Prime Minister Th eresa May pledged yesterday to increase funding for the National Health Service (NHS) by £20 bil-lion (RM106.15 billion) after Brex-it, partly from tax hikes and partly from money that will no longer be going to the European Union (EU).

The announcement of more cash for the country’s healthcare system, a regular issue at nation-

VALENTCIA (Spain): Th e 630 mi-grants whose rescue sparked a ma-jor migration row in Europe began disembarking in Spain yesterday, after a turbulent week that saw It-aly turn away the Aquarius ship.

Th e fi rst of three ships transport-ing the group, an Italian coastguard vessel called the Datillo, pulled into Valencia harbour just before 6.30am (0430 GMT) with 274 migrants on board, according to the Red Cross.

Th e other migrants were to arrive on an Italian navy ship, the Orione, and the Aquarius itself by noon, regional authorities said.

Th e migrants, mainly from Afri-ca, were to be welcomed by a team of more than 2,000 people, includ-ing 1,000 Red Cross volunteers and 470 translators.

Dozens of reporters who were on hand to cover their arrival were kept at a distance and no top gov-ernment offi cials were expected at the port.

The migrants come from 26 countries, mainly from Africa but

BRUSSELS: Th ere are more wom-en in the European Union (EU) than men. But you wouldn’t know it from top jobs in the bloc’s busi-ness, politics or civil society.

Th at’s what an activist group in Brussels wants to fi x. With less than a year to go before EU legis-lative elections, Women Enablers Change Agent Network, or Wecan, tomorrow plans to kick-start a campaign to push for women in top EU posts and on company boards.

Women make up more than 51% of the EU’s population, and while there are advances, Europe has plenty more to do on gender equality, the group says. Its goal: to seek an irreversible breakthrough.

“It’s about changing the mind-set so that it’s a natural thing — whenever you have to make a de-

US President Donald Trump surprised officials in Seoul and Washington when he pledged to end “war games” after his summit with North Korean leader Kim Jong-un in Singapore last week.

Immediately after the an-nouncement, US forces in Korea said they had received no guidance on stopping any drills, and South Korean offi cials said they were try-ing to fi gure out which exercises Trump was referring to.

However, in a sign Seoul may be open to suspending drills, South Korean President Moon Jae-in

said last Th ursday his government would need to be fl exible when it came to applying military pressure on North Korea if it was sincere about denuclearisation.

Yonhap also reported yester-day that during military talks be-tween the two Koreas last Th ursday, South Korean offi cials asked their northern counterparts to relocate artillery 30km to 40km away from the military demarcation line that divides the two countries.

The South’s defence ministry denied it made such a request, Yon-hap said. — Reuters

Afghan Taliban tells fi ghters to stay at posts after ceasefi re attack

Aquarius ship migrants fi nally reach SpainWomen mount yes-we-can gender campaign in run-up to EU elections

May pledges extra £20b for healthcare post Brexital elections, comes after a row in parliament over Brexit highlight-ed the fragility of May’s minority government.

In a pre-recorded interview for LBC Radio broadcast on Sunday, when May was asked about tax in-crease, she said her fi nance min-ister would set out plans before a government spending review ex-pected next year. She said the in-creased contribution from taxpay-ers would be done in a “fair and balanced” way.

Th e announcement is timed to mark the 70th anniversary of the NHS, which delivers free access to care for everyone living in Britain. It aims to foster unity in the gov-ernment and the country after two years of bitter divisions over Brexit.

It was also tailored to send a pos-itive message to the 48% of Britons who in 2016 wanted to remain in the EU — many of whom are still unconvinced about Brexit as the March 29, 2019 exit date approach-es. — Reuters

also Afghanistan, Bangladesh and Pakistan, according to Doctors Without Borders.

Chartered by a French aid group, Aquarius rescued the migrants off Libya’s coast last weekend.

Italy’s new populist government and Malta refused to let Aquarius dock at their ports, accusing each

other of failing to meet their hu-manitarian and European Union (EU) commitments.

Spain eventually stepped in and agreed to receive the refugees as a “political gesture” to “oblige Europe to forge a common policy to a com-mon problem”, Foreign Minister Josep Borrell said. — AFP

Refugees disembarking the Dattilo rescue ship in the port in Valencia, Spain, yesterday. Italy’s new populist government and Malta refused to let Aquarius dock at their ports, accusing each other of failing to meet their humanitarian and EU commitments. Photo by Reuters

an ordered fi ghters to stay at their posts or in areas which are under its control.

Some Taliban commanders told AFP they disapproved of their fi ght-ers visiting government-controlled areas and celebrating with securi-ty forces.

President Ashraf Ghani’s an-nounced on Saturday extending the government’s eight-day ceasefi re with the Taliban that was due to end tomorrow and his call for the Taliban to do the same.

Ghani also said 46 Taliban pris-oners had been released, a trend that “is going to continue”.

Other militants, including IS, are not part of the government’s ceasefi re.

The Taliban had agreed to a truce but only for the first three days of Eid, which started last Fri-day, promising not to attack Af-ghan soldiers or police. Th ey would, however, continue attacking US-led Nato troops.

Ghani’s extension of the cease-fi re drew immediate international support and calls for the Taliban to reciprocate. — AFP

cision about a position — to think about a male candidate and a female candidate,” Connie Hedegaard, a former EU climate chief from Den-mark, said in a phone interview. “It’s not about quotas. It’s just about mak-ing qualifi ed women more visible, bringing them into the discussion.”

With the European Parliament due to hold elections in May 2019, the empowerment of women is slat-ed to be a major campaign theme along with other emotive issues such as immigration, unemployment, security and the bloc’s post-Brex-it future.

Spanish Prime Minister Pedro Sanchez, a Socialist who took of-fi ce this month after engineering the removal of Christian Demo-crat Mariano Rajoy in a no-confi -dence vote, signalled the political resonance of gender equality by appointing a cabinet that includes more women (11) than men (sev-en). — Bloomberg

1 8 H O M E B U S I N E S S MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

WEEK IN FOCUS

1 CIMB Group Holdings Bhd chairman Da-tuk Seri Nazir Razak (centre) with CIMB Foundation volunteers at the Mobile Ram-adan Bazaar in Kuala Lumpur on June 12. CIMB Foundation’s Mobile Ramadan Ba-zaar was a programme whereby two mo-bile food trucks were deployed around the Klang Valley to promote and sell products by 50 home-based producers.

2 Malayan Banking Bhd (Maybank) head of community financial services Malay-sia Datuk Hamirullah Boorhan (left) and head of virtual banking and payments, community financial services Kalyani Nair unveiling the new My Raya QR service recently. Maybank’s My Raya QR was the first peer-to-peer instant transfer service

in Malaysia which enables Maybank App customers to instantly send and receive Duit Raya by scanning a QR code using their mobile devices.

3 Perodua Sales Sdn Bhd managing direc-tor Datuk Dr Zahari Husin (right) pre-senting a “GearUp” child seat to a lucky motorist at a Petronas petrol station in Rawang, Selangor on June 12. The com-pany gave away a total of 100 “GearUp” child seats to motorists travelling with children aged between two and six at Petronas petrol stations in Rawang, Sel-angor; Bentong, Pahang; and Seremban, Negeri Sembilan as part of its ongoing five-year Road Safety Campaign launched last October.

4 (From left) RHB Banking Group act-ing head of group retail banking Nazri Othman, head of group business and transaction banking Jeffrey Ng Eow Oo, and group chief communications officer Norazzah Sulaiman at the launch of RHB SME Financing portal in Kuala Lumpur on June 11. The RHB SME Financing portal enables customers to apply for small and medium enterprise term loans online in 10 minutes with minimal data input and obtain financing within five working days.

5 CIMB Group Holdings Bhd chief risk officer David Richard Thomas (centre) receiving the Achievement in Enterprise Risk Management Award on behalf of the

group by The Asian Banker internation-al resource director Bill Chua (first from left) and Rona Morgan (second from left), chairman of The Future of Finance Summit and Leadership Achievement Awards Advisory Council Alain Cheva-lier (fourth from left), and former Hong Kong Exchanges and Clearing Ltd chief executive officer and The Asian Bank-er Leadership Achievement Advisory Council member Paul Chow (fifth from left) at The Asian Banker Risk Manage-ment Awards 2018 held in Beijing, Chi-na recently. In addition to that, Thomas was also named Chief Risk Officer of the Year at The Asian Banker Risk Leader-ship Achievement Awards 2018. Photo by The Asian Banker

SPREADING FESTIVE JOY ... (From right) CIMB Foundation chairman Tan Sri Md Nor Yusof, CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak, group chief executive offi cer (CEO) Tengku Datuk Seri Zafrul Aziz, Zafrul’s spouse Datin Seri Raja Johanna Arshad, and CIMB Foundation CEO Datuk Hamidah Naziadin distributing goodies in conjunction with the Hari Raya Aidilfi tri festival to children from Rumah Anak Yatim dan Asnaf Kampung Sijangkang at Masjid Ar-Rahah in Kuala Lumpur on June 12.

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H O M E B U S I N E S S 1 9MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

6 Affin Bank Bhd group chief risk officer Wong Kok Leong (centre), chief financial officer Ramanathan Rajoo (second from left), and group risk management vice president Loh Von Jack (first from left) receiving The Achievement in Liquidity Risk Management Award on behalf of the group from The Asian Banker inter-national resource director Rona Morgan (fourth from left) and managing editor Foo Boon Ping at The Asian Banker Risk Management Awards 2018 held in Beijing, China recently. Photo by The Asian Banker

7 (From left) Boduo Investment Group vice president Henry Chen, Associated Chinese Chambers of Commerce and Industry of Malaysia president Tan Sri Ter

Leong Yap, Zhejiang Boduo International Trade Co Ltd executive director (ED) Yu Tong, Loob Holding Sdn Bhd chief exec-utive officer Bryan Loo, Shanghai Panfei International Trade Co Ltd ED Pan Junfei, Malaysia Retail Chain Association dep-uty president Datuk Vincent Choo, and Malaysian Franchise Association chair-man Datuk Radzali Hassan at a signing ceremony in Petaling Jaya, Selangor on June 12. Loob, the creator of Malaysia’s Tealive bubble tea brand, has entered into a joint venture with Zhejiang Boduo and Shanghai Panfei to open 500 stores in China within three years.

8 (From left) I-Bhd executive chairman Tan Sri Lim Kim Hong, Tourism and Culture

Ministry deputy secretary general Hasli-na Abdul Hamid, and Visa Worldwide Southeast Asia regional group country manager Mandy Lamb at the launch of a joint strategic partnership between Visa Worldwide and I-Bhd in Shah Alam, Selangor on June 12. The collaboration underscores Visa Worldwide’s support of i-City’s digitisation initiative through its digital capabilities and Visa as the preferred partner in the new payment solutions project, which is in line with Malaysia’s National e-Commerce Stra-tegic Roadmap.

9 Sheraton Imperial Kuala Lumpur Ho-tel managing director Frank Beck (left) receiving a certification on behalf of the

hotel from Ticadoc executive chairman Richard Stevens at a ceremony held in Kuala Lumpur on June 12. Sheraton Im-perial Kuala Lumpur Hotel was the first certified Medi-Secure-Safe hotel certified by Ticadoc in Malaysia.

10 Sumatec Resources Bhd executive vice chairman Tan Sri Halim Saad (right)

and managing director Abu Talib Ab-dul Rahman speaking to reporters after the company’s annual general meeting in Kuala Lumpur on June 12. Sumatec is confident it will be declassified as a Practice Note 17 company by 2019, as it looks to submit its regularisation plan to Bursa Malaysia ‘very soon’. Photo by Suhaimi Yusuf.

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MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY C H A N G Y E E Z H W E N

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

NOW in cinemas, Jurassic World: Fallen King-dom is the sequel to the highly successful Jurassic World. In the fi lm, set three years after the events of Jurassic World, Owen Grady and Claire Dearing return to the abandoned theme park on Isla Nublar, in an attempt to save the remaining dinosaurs from a volcano that is about to erupt. They soon encounter terrifying new breeds of gigantic dinosaurs, while uncovering a conspiracy that threatens the entire planet. For show times and more information on Jurassic World: Fallen King-dom, log on to http://www.cinema.com.my.

ODDLY Quirky is a group exhibition featuring four up-and-coming local artists: Chok Ming Hoong, Alicia Lau, Viko Zhijune and Low Kuan. Though these artists diff er in delivery, they are bonded by their observations of human-kind and their ‘quirky’ traits. Chok’s artwork examines the queerness of society, while Lau puts herself inside the thought processes of people. Viko engages herself with the beau-ty she discovers behind the neglected, while Low takes us back in time to explore our con-stantly moving world. Oddly Quirky is now on at Suma Orientalis, Petaling Jaya, Selangor, until June 24. For more information, log on to www.sumaorientalis.com.

G13 Gallery’s latest exhibition is Silence Speaks by Thai painter Chayanin Kwangkaew. On display are 12 paintings that reveal the artist’s deep conversations through still-life portrayal, as inspired by his contempla-tion on the connection between man and inanimate objects. Silence Speaks will run until June 23 at G13 Gallery, Kelana Jaya, Selangor. For more information, log on to www.g13gallery.com.

EVERY night, 69-year-old Edin-son chooses one of his 11 pairs of dance shoes, slips into a smart suit and heads out to dance tango in the clubs of Montevideo, a city that is look-

ing to breathe new life into an old tradition, one that has long been eclipsed by its more famous neighbour, Buenos Aires.

“I’ve been dancing for 10 years now,” said Edinson, a retired soldier, and this stylised exit from his house has become a nightly ritual, “no matter what the weather is”.

With a nod of his carefully coiff ured head, he invites a woman onto the par-quet dance floor, where they skilfully glide past other couples in a club that is almost hidden behind a covered market.

It is here that the Joventango (young tango) association organises so-called “milongas” every week, evenings of dance that are open to initiates as well as to the merely curious and the passing tourist.

Tango was born in the late 19th cen-tury, behind the closed doors of salons in Montevideo and Buenos Aires because the spectacle of dancers pressing passionately against each other was originally deemed to be too steamy to be performed in public.

It later gained popularity and then re-spectability after it spread to Paris.

In an ironic twist of history, today in Uruguay tango is “relegated to something old people do”, fumed Martin Borteiro, who like his wife Regina Chiappara is a former professional dancer.

At the start of the year, Borteiro and Chiappara were called on by the may-or’s offi ce to come up with a diagnosis of

Montevideo is no longer the ‘forgotten capital’ of tango

what is ailing tango in Montevideo, with an eye to developing a strategic plan to revive the dance.

Th e picture painted by the couple was bleak: fewer and fewer milongas, older dancers and less public support. In a sign of how far the decline has gone, only one local maker of tango shoes still exists in the Uruguayan capital.

“Th e current tango community is very fragile,” said Borteiro. “Montevideo is the city where tango was born, so there is a danger of something vanishing which is part of our identity, part of our tradition.”

‘Like losing football’Esteban Cortez, a 43-year-old tango teach-er, refuses to countenance it: Losing this dance would be “like losing football for me; it’ll never happen” in a country where football is almost like a religion.

“If our tango disappears, we will dis-appear as a country,” he said.

His wife Virginia Arzuaga, 40, who is herself a teacher, noted that the dance had been named part of the world’s cultural heritage by Unesco in 2009.

“And when something is named a cul-tural heritage, it’s because it’s about to die out,” she said.

“Th ere are those who’ll tell you, ‘when the tango bug bites you, you are lost; it’s a voyage of no return,’” said Arzuaga, re-fl ecting on the growing popularity of the dance overseas, in particular in countries like Turkey, Russia and France.

“It’s a shame that here, in a city with so much tango in its history, it’s not ap-preciated, valued or cherished,” lament-ed Joselo Ferrando, 45, who runs one of the city’s main tango events, Chamuyo.

A far cry from ArgentinaUruguay’s tango afi cionados gaze envi-ously across the waters of the Rio de Plata in the neighbouring Argentinian capital,

where tango is king, and its fame has spread around the world.

“Th e most obvious comparison is with Buenos Aires, which has made it a question of their identity and worked to promote it both inside the country and abroad, as a selling point for tourism, which is an im-portant source of revenue,” said Ferrando.

In Montevideo, “we still have so much to do, including broadcasting the music in the media, teaching the dance in schools and training teachers”, he said.

But in recent months, the tide may have begun to turn: A tango museum has opened and a major new festival, dubbed “Montevideo Tango”, is scheduled to take place on Oct 27.

Pianist Alberto Magnone, 71, works in an area of the historic city centre that is fi lled with statues and painted murals to remind locals and tourists alike of the capital’s role in the history of tango. It was here, in 1917, that La Cumparista — the most famous tango tune of all time — was composed.

“Tango was a joint product of both Uru-guay and Argentina, but it was we who didn’t give it the place it deserved,” he said.

Th e mayor’s offi ce hopes to launch its plan in July, based on the diagnosis set out by Chiappara and Borteiro, the former pro dancers.

“Th e strategic plan will be: Montevi-deo, local tango, a far cry from the tan-go spectacle, on the stage,” said Jorge Navratil, the director of the city’s cultural promotion campaign.

Th e aim will be to “create new audi-ences, both on the local and international levels, and put Montevideo back on the world map” of tango, including the cre-ation of a municipal orchestra dedicated to tango music, plus a public outreach to high schools, shows and a public works project to preserve the heritage.

Because tango is “like a language: When you stop speaking it, it dies,” he said. — AFP

DANCEIS LIKE A LANGUAGE

People dancing the tango at the Chamuyo milonga in Montevideo in April. The Montevideo mayor’s offi ce is getting ready to launch a strategic plan to put the city back on the world map of tango. Photo by AFP

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

MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

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

Swiss wine upstart takes on old world auctioneersTHE Burgundy wines of Henri Jayer are prized for their seductive expression of the French region’s pinot noir grapes, as well as their scarcity. Jayer died in 2006, having produced his fi nal vintage fi ve years earlier. When old vintages turn up at auction, pric-es can top US$15,000 (RM59,700) a bottle.

So, fans perked up at news of a treasure trove of Jayer wines — 1,064 bottles unearthed from the winemaker’s cellars in the Burgundy village of Vosne-Romanee, described by his daughters as the last that he owned. Th ey are now being stored at a warehouse for art and other valuables in Geneva. Bidders were set to gather at the Michelin-starred restaurant Domaine de Chateauvieux, in Swiss wine country, for an auction that is expected to fetch as much as 13 million Swiss francs (RM52.07 million) yesterday.

As intriguing as the chance to buy one of these rare and precious wines is, the choice of the auctioneer is even more curious. Rather than selling through established houses such as Christie’s or Sotheby’s, Jayer’s daughters turned to Geneva-based Baghera Wines, founded three years ago by former Christie’s employee Michael Ganne and based in a graffiti-covered building near the city’s main train station.

“I think there are sources that are bet-ter known to vet the wines,” said Maureen Downey, an expert in authenticating old wines who has urged clients to avoid the sale. “Why did these women give this to Ganne and not to Sotheby’s?”

Even in its short history, Baghera has attracted controversy. In 2016, the fi rm pulled bottles from two auctions, includ-ing one featuring wines from Burgundy’s Domaine de la Romanee-Conti, after Don Cornwell, a Los Angeles-based lawyer who works with wine-authentication experts, questioned their authenticity.

Romanee-Conti winesBaghera said the Romanee-Conti estate examined every bottle in the sale and en-dorsed their authenticity. Th e fi rm also said it would refund any bidders if lots they purchase turned out to be fake but has never had to do so.

Th e auction house said the Jayer daugh-

A magnum of Richebourg grand cru wine by Jayer.

ters picked Baghera over two other auction houses because of their familiarity with Ganne, who handled an earlier sale of the estate’s wines when he was at Christie’s. Geneva was chosen because it is a relatively short 150 miles (250km) from Vosne-Ro-manee, reducing the risk of damage during transportation, Baghera said.

Baghera’s promotional campaign has sought to highlight the provenance of the wines through interviews with the sisters that are posted on its website. Transporta-tion to Geneva in February — the fi rst time the lots left the cellar — was supervised by a sworn bailiff , the fi rm said.

‘Father’s legacy’“It took Henri Jayer’s daughters time to part with their father’s legacy,” said Julie Carpentier, the deputy director of Baghera. “Lydie and Dominique knew that selling these wines meant turning the last page of Domaine Henri Jayer.”

Each bottle was labelled for the fi rst time shortly before being dispatched for sale, as per custom in Burgundy, and stamped with a digital token to demonstrate that it is the real deal, Baghera said. Th e fi rm could tell which ones were from prized vineyards such as Cros-Parantoux by how they were stocked and because Jayer’s estate had been catalogued, Carpentier

said. Jayer listed them in his cellar book and registered them in his annual inven-tory for French customs, according to the auction house.

Jayer was a “magician” who could turn even some of the more unassuming stretch-es of Burgundian soil into extraordinary wines, said Giles Burke-Gaff ney, the buy-ing director for the region at Justerini & Brooks, an importer of Jayer wine based in London. Th e key for collectors is to fi nd bottles that are in good condition.

Th e wine levels in some bottles from the 1976 and 1987 vintages that Baghera is off ering are much lower than expected, Burke-Gaff -ney said. While it is normal for some wine to evaporate as bottles age, unusually low levels can indicate spoilage. “It does seem a lot of money for that risk, but it’s not a given that they won’t be enjoyable,” Burke-Gaff ney said.

Carpentier said that in 79% of the nor-mal-size bottles, the wine comes to within 3cm of the cork — considered excellent for wines at least a quarter-century old. Th e levels of larger magnums are even better, she said. In the auction catalogue, Ganne said the bottles he has tasted show that the wine is “still young enough to be kept for an impressive length of time”.

High endIf the sale reaches the high end of the esti-

mate range, Ganne will surpass Christie’s auction of Jayer wines six years ago in Hong Kong, which raised about US$8 million.

London wine merchant Berry Bros & Rudd said it is often off ered old Jayer Bur-gundies, “but due to diffi culty in proving the wines’ provenance, more often than not, we walk away”, according to a spokes-man who declined to comment on whether the fi rm had been given the chance to sell the collection being auctioned in Geneva.

“I would’ve thought it would have been the big auctioneers like Christie’s and So-theby’s,” said Michael Egan, a wine au-thenticator based in Bordeaux.

Baghera described the bottles as rep-resenting Jayer’s “personal reserve, a se-lection that he himself had made of his greatest wines”. As part of the campaign, Ganne penned a letter addressed to the deceased winemaker, describing his per-sonal “adoration, this amusing — and at times frightening — veneration” of him.

Even if it is the real Jayer, the question of how good these bottles are on the inside still remains. “Jayer, like any other vign-eron, made some great wines and some less-good wines,” said Jasper Morris, the author of the book entitled Inside Burgun-dy. “I’ve tasted the wines from time to time over the years and had some really excel-lent bottles. But not always.” — Bloomberg

PHOTOS BY AFP

Ganne, the executive director of auction house Baghera Wines, holding a magnum of Vosne-Romanee 1er cru Cros Parantoux wine from the late, renowned winemaker Jayer.

Magnums of Vosne-Romanee 1er cru Cros Parantoux wine, from the late French winemaker Jayer.

The fi nal bottles of Jayer’s collection include some of the world’s most expensive wines and will go on auction in Geneva.

2 2 S P O RT S MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

PYONGYANG: North Korean sports administrators are hoping the coun-try will come in from the sporting cold in the wake of leader Kim Jong-un’s summit with US President Donald Trump in Singapore.

Isolated and subject to UN Se-curity Council sanctions over its banned nuclear weapons and bal-listic missile programmes, North Korea does not often host inter-national sporting events.

An AFC Women’s Asian Cup qualifying group last year — when North played South — was the highest-profi le event it had held for years.

But as tensions mounted, it lost the right to hold the junior world championships for judo and weightlifting, both of which it had been awarded.

Even so, it has held on to an an-

North Korea hopes for sporting change in wake of summit

Federer beats KyrgiosTh e Swiss ace regains world No 1 spot with this win

BY N E I L R O B I N S O N & I A N C H A D B A N D

BY A N D R E W B OT H

BY A L A N B A L D W I N

Beaten Felix eyes Tokyo Olympics and Bolt record MARSEILLE: Allyson Felix, an 11-time world champion and six-time Olympic gold medallist, fi nished third over 400m at a meeting in Marseille on Saturday before insisting that she has not given up on matching Usain Bolt’s record of eight Olympic titles in Tokyo in 2020. American star Felix was beaten on Saturday by Italy’s Libiana Grenot, the Eu-ropean champion, with Dray-ton Shakes of Great Britain taking second place. “It wasn’t a great evening for me. I hope to do better but this year is very diff erent,” said 32-year-old Felix, the most decorated female athlete with a total of nine Olympic medals and 16 at the worlds. — AFP

Konta reaches Nottingham fi nalLONDON: Home favourite Johanna Konta kept her nerve through an hour’s rain delay to defeat defending champi-on Donna Vekic and reach her second successive Not-tingham Open final. Konta appeared close to winning by default at the end of the fi rst set when Vekic received treat-ment for a back injury before the rain forced both players off court to give Vekic a slight respite. But Konta was not to be denied and overcame a couple of minor wobbles to win through. “It is never easy with the rain delay and it was defi nitely challenging,” said Konta. — Reuters

US makes history by rallying to upset Scotland HOUSTON: Th e US stunned Scotland 30-29 on Saturday, rallying from a 15-point fi rst-half defi cit to record their fi rst win in history over the world No 6 squad. “We made it scrap-py and defended like hell,” said US captain Blaine Scully. “We might not have the cap count but we know how hard we are going to work for each other.” Th e 15th-ranked Americans fell behind 24-13 at the break but stormed back to take a 30-24 lead when AJ MacGinty converted after fl anker Han-co Germishuys scored a try halfway through the second half. — AFP

Gasquet, Chardy set up all-French fi nal at Rosmalen LONDON: Richard Gasquet and Jeremy Chardy set up an all-French fi nal at the Libema Open in Rosmalen after both saw off Australian challengers in Saturday’s semi-fi nals. Sec-ond-seeded Richard Gasquet ended Bernard Tomic’s recent resurgence by winning 6-4, 6-7(6), 6-2 while Chardy beat Matthew Ebden 6-4, 7-5. Tom-ic, who was playing his fi rst ATP semi-fi nal in two years, had to qualify for the grass-court event in the Netherlands and threatened an upset in the fi rst two closely contested sets. — Reuters

I N BR I E F

LONDON: Roger Federer will be back as world No 1 in the new rank-ings this week after coming from behind to beat Nick Kyrgios 6-7(2), 6-2, 7-6(5) in the semi-fi nals of the ATP Mercedes Cup in Stuttgart.

Th e 36-year-old Swiss was to play Canada’s Milos Raonic in yesterday’s fi nal as he seeks a 98th tour-level title.

Federer, who has won 15 suc-cessive matches on grass since be-ing beaten in his opening match in Stuttgart last June, knew he had to win on Saturday to knock Rafael Nadal off the top of the rankings.

He will begin a record-extend-ing 310th week at the top today, his third stint at No 1 this year as he and his old Spanish rival Nadal vie for supremacy.

“I’m very happy, very relieved. I thought it was a tough match [like] I expected against Nick. We’ve played so many breakers already, I’m losing count,” Federer told the ATP website.

“It was close. It could have gone either way, naturally. But I’m happy I got it and get back to world No 1 [on] Monday, so it’s very exciting. And I’ve

SOUTHAMPTON, New York: Of-fi cials found themselves in a fi re-storm of criticism for opting not to disqualify Phil Mickelson after the fi ve-time major champion de-liberately hit a moving ball during the third round of the US Open at Shinnecock Hills on Saturday.

Th e incident happened on the 13th green in what the American said was a deliberate action to “take advantage of the rules” — a comment that did not sit well

LE MANS (France): Fernan-do Alonso’s hopes of winning the Le Mans 24 Hours race at the fi rst attempt were on the rise yesterday after his No 8 Toyota regained the lead from the Japanese manufacturer’s seven car.

Th e Spaniard put in a re-markable stint during the night to reduce a two-minute defi cit after a stop-go penalty and teammates Sebastien Buemi and Kazuki Nakajima then did their bit to take back control.

“Tell me if you want anoth-er stint, eh? I’ve got into the rhythm of the night,” Alonso had said over the team radio as he closed the gap.

Instead, he handed over to Nakajima, who then passed f e l l o w -Ja p a n e s e K a m u i Kobayashi for the lead.

With seven hours remain-ing and both cars handed further stop-go penalties for speeding in slow zones, Buemi was 46 seconds down the road from Britain’s Mike Conway in the other TS050 hybrid.

Th e turnaround also fuelled conspiracy theories that Toyo-ta wanted Alonso to win for the extra publicity value, although the manufacturer has denied any favouritism.

Th e double Formula One (F1) world champion and Mo-naco Grand Prix winner has made a big play about becom-ing only the second driver to take the “Triple Crown of Mo-torsport” and Le Mans is the second piece of the puzzle.

Th e McLaren driver still has to win the Indianapolis 500, a race he led last year before an engine failure, to match the late Graham Hill’s achieve-ment.

A Le Mans win could hasten the 36-year-old’s departure from F1. — Reuters

got another fi nal, so it’s great news.”It is Federer’s fi rst tournament

in 11 weeks, with the Australian Open and Wimbledon champi-on having decided to give the clay court season a miss.

But he was made to work hard to regain the top spot as Kyrgios, also playing in his fi rst tournament after two months out with an elbow injury, refused to buckle in a contest that last-ed just short of two hours. — Reuters

Mickelson stands fi rm over moving ball hitwith some former players.

Th e controversial moment oc-curred after Mickelson missed a short downhill putt and his ball continued to trickle away from the cup, aided by both gravity and a strong tailwind.

Rather than waiting for it to stop, he broke into a trot and when the ball was about 4.6m below the cup, and still in motion, he hit it back up the slope and it came to rest above the hole.

Mickelson, who is well out of contention for victory, said he

knew the action would bring a two-shot penalty, and that he had hit the ball to prevent it from roll-ing all the way off the green and behind a bunker.

Hitting a moving ball incurs a two-stroke penalty, and Mickelson was eventually assessed with a six-over 10 at the par-four hole.

He could have been disqualifi ed had offi cials deemed it a serious breach of another rule that states “a player must not take an action with the intent to infl uence the move-ment of a ball in play”. — Reuters

Alonso’s Le Mans hopes on the rise as day dawns

nual International Table Tennis Federation (ITTF) Challenge-level event, the Pyongyang Open, cur-rently underway.

In the wake of the Singapore summit, when Kim and Trump shook hands in front of the cameras, tournament director Kim Chong-il said he hoped his country would now be able to host more interna-tional sporting occasions.

Th e North was capable of hosting, he said, adding that previously “the limitations were not set by our side”.

Table tennis has had a diplomatic role in the past — matches between China and the US helped break the ice ahead of Richard Nixon’s his-toric visit to Beijing in 1972 which led years later to Washington’s rec-ognition of the People’s Republic.

And at the world championships in Sweden last month North and

South Korea unifi ed their teams rather than play against each other in the quarter-fi nals.

“For us it’s very important that table tennis is for all and that we can play table tennis all over the world,”

ITTF fi nance vice president Petra Soerling told AFP in Pyongyang.

“For us this is very important. If instead of closing the door we can open the door, we would love to be part of that.”— AFP

Pyon Song-gyong of North Korea serving during a match at the Pyongyang Open ITTF event yesterday. Photo by AFP

Federer returning the ball to Kyrgios during their semi-fi nal match at the ATP Mercedes Cup tennis tournament in Stuttgart, southwestern Germany, on Saturday. Photo by AFP

S P O RT S 2 3MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY

Fifa’s US$25b backers could end up on losing team

Taxi ploughs into Moscow pavementSeven injured on third day of World Cup

MOSCOW: A taxi driver who ploughed into a Moscow pavement on the third day of the World Cup, injuring at least seven people, said in a video released by authorities yesterday that he had been work-ing for 20 hours solid before the incident.

Th e unnamed man said he had slept for only two or three hours before the shift and confused the brake and the accelerator, leading to an “unexpected” loss of control, according to the video on the web-site of the local interior ministry.

“I do not know how it happened,” he said, adding that he had not been drinking and was “very sorry”.

Th e man, who authorities earlier identifi ed as a 28-year-old nation-al of the central Asian republic of Kyrgyzstan, said he ran from the scene fearing he would be killed there, before being taken into cus-tody by police.

The incident occurred about 200m from Red Square with Mos-

ROSTOVONDON (Russia): Ney-mar made his World Cup bow yes-terday as fi ve-time winners Brazil kick-off their quest for redemption while defending champions Ger-many launch their bid for back-to-back titles.

Four years after injury cut short his World Cup and Brazil went on to suff er a humiliating 7-1 semi-fi -nal defeat to Germany without him, Neymar is once again spearheading his country’s hopes.

Th e Paris Saint-Germain striker’s participation at the fi nals in Russia

GELENDZHIK (Russia): Four years ago, Sweden’s Gustav Svensson, then on the books of Ukrainian club Tavriya Simferopol, fl ed the country after Russia invaded the Crimea peninsula in 2014.

Now, the midfi elder is back in the region at Sweden’s World Cup training base in Gelendzhik, less than 200km along the Black Sea coast from the region annexed by Russia.

“I’m very close to where I used to be,” Svensson, 31, told reporters as the Nordic side prepared for their World Cup opener against South Korea today.

“Some memories are coming back, but not all bad ones — I most-ly remember the positive ones from there,” he said.

Th e former IFK Goteborg and Bursaspor stalwart signed for Tav-riya Simferopol in 2012 and played 21 times for the club.

Th en in February 2014, pro-Rus-sian militia suddenly appeared in Simferopol, the capital of Crimea, taking over the airport and other strategic locations in the city.

By April, Russian President Vladimir Putin had ordered mil-itary units to enter the peninsula, prompting Svensson and foreign

teammates to fl ee from Crimea on a bus past militia checkpoints into mainland Ukraine.

“Power and military enter and take over what they think is theirs. Th ere are other ways to solve things, it was a very wrong way to act,” said Svensson.

Th e player had hoped to return to Ukraine, but decided it would be wiser to return to his former Swed-ish club Gothenburg.

After moving back to Sweden, Svensson, who now plays for Major League Soccer side Seattle Sound-ers, said he lost contact with his former Tavriya teammates. — AFP

LONDON: Gianni Infantino, presi-dent of Fifa, is cooking up a US$25 billion (RM99.5 billion) payday for football’s governing body and the sport’s top players. However, his fi nancial backers will only make their money back in extra time — if at all.

Almost all the US$5.7 billion in revenue Fifa expects to generate in its current four-year cycle comes from the World Cup, which kicked off last Th ursday. Infantino’s plan is to supplement the 32-nation tournament with a revamped Club World Cup, involving top teams like Manchester United. Mean-while, national sides like Germany and Argentina would compete in a new Nations League.

Th ere is logic to the idea. Th e last Club World Cup, which pit-ted Europe’s Real Madrid against minnows from other continents, generated a measly US$37 mil-lion in revenue. Compare that with Europe’s Champions League, which brought in about US$2.5 billion by matching star-studded sides like Real Madrid and Par-is Saint-Germain. A bigger Club World Cup featuring more stars and games might be as lucrative as the Champions League. And competitive leagues for nation-al sides would draw more fans than current friendly exhibition matches.

Th e problem is prize money. Football associations and top clubs

ST PETERSBURG: Iran coach Car-los Queiroz made a plea for football to be separated from politics, min-utes after his team beat Morocco 1-0 in their fi rst match of the World Cup last Friday.

Iran’s preparations have been disrupted by US sanctions against the country, with American sports-wear giant Nike refusing to sup-ply equipment to the team and both Greece and Kosovo cancel-ling friendly matches against them last month.

“We come here without World Cup preparations because a cou-ple of teams didn’t want to play against us,” Portuguese Queiroz told a news conference.

“We don’t have camps; we have problems.

“As I said before the game, to make these diffi culties a source of inspiration, a source of motivation, is really something very special.”

cow packed with foreign football fans snapping pictures of the Krem-lin.

Police said seven people had

been injured but Russian news agencies quoted the city’s health department as saying eight people were hurt. — AFP

Security offi cers gathering around a taxi that ran into a crowd of people in Moscow on Saturday. Photo by Reuters

Neymar to make World Cup bow as Germany launch campaignBY S TA N I S L A S TO U C H OT

had been cast into doubt after he suff ered a broken bone in his right foot in late February.

However, the 26-year-old forward

has shown few signs of rust since re-turning for Brazil, scoring in consecu-tive friendlies on the eve of the fi nals.

Brazil coach Tite, who master-minded a dominant qualifying cam-paign that saw the “Selecao” fi nish 10 points clear of their rivals, said Neymar was “not 100%”. “But he has exceptional physical qualities, his speed in particular. In any case, he is in a suitable state to play,” Tite said.

Neymar is the focal point of one of the most menacing attacks in the tournament, and could line up in a front four that includes Gabriel Jesus, Philippe Coutinho and Wil-lian. — AFP

BY L I A M P R O U D

BY S I M O N J E N N I N G S

are mostly interested if the tourna-ments bring in more cash to help them pay for players. Step in Soft-Bank, the Japanese tech conglom-erate led by Masayoshi Son, and private investors from China, Saudi Arabia and the US. Th e consorti-um has promised to put up US$25 billion over 12 years from 2021 to fund the two new tournaments, the Financial Times reported.

Th e investors are underwriting about US$3 billion of revenue per Club World Cup and US$2 billion for each Nations League cycle, according to the Associated Press. Th at means they will only begin to earn a return if the Club World Cup generates more income than the last Champions League and the national tournament taps into new sources of revenue, or sucks view-ers away from other competitions.

It is a huge risk. Tradition-al broadcasters are losing out to streaming services like Netfl ix and Amazon. Th e new entrants, howev-er, are yet to spend much on sport. Staging matches in fast-growing markets like China and India may help, but fans there are not used to paying through the nose to watch live football.

Infantino’s plan may yet fail: Avote on the new tournaments has been postponed until after this year’s World Cup, and European leagues oppose his plans. But if it goes ahead, Son and his fellow in-vestors will take all the risk, while football’s insiders walk away with the match ball. — Reuters

Iran coach calls for unity and fairnessA late own goal by substitute

Aziz Bouhaddouz broke Moroc-can hearts in St Petersburg and sent Iran into raptures as they celebrated their second win at a World Cup with unrestrained joy.

Queiroz said victory felt much sweeter in light of the problems facing Iranian football.

“We train and we play under [bad] conditions,” he added. “No pitches, no camps, no friendly games because of the sanctions. I think it’s my duty to say, ‘let our boys play football’. Th ey are just football players.

“Let them enjoy football like all the other football players in the world. Th ey are not against nobody or against nothing. Th ey just want to express themselves and play football.”

The 65-year-old pleaded for fairness and unity, calling for the sport to be freed from the influence of global politics. — Reuters

World Cup returns to confl ict zone for Sweden’s Svensson

2 4 F E AT U R E MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY

AGRICULTURE is increasingly be-coming a lot more like manufac-turing and no country in the world is better equipped for this change than Taiwan, says Lin Tsung-hsien, chairman of the Executive Yuan’s Council of Agriculture (CoA).

In fact, the future of agriculture in Taiwan is going to be amazing as far as CoA is concerned.

“Imagine these Agricultural 4.0 scenarios with smart technolgies”, says Lin.

“An unmanned aircraft will fl y over fi elds to monitor crop growth and transmit data to the cloud for analysis of the use of pesticides and fertiliser as well as water resources with results of the analysis lower-ing costs and minimising impact to the environment. All their farmers would need to do is to connect to the cloud using a cell phone or tablet.”

“Farmers — via big data analysis — will gain a better grasp of their crops, microelements and nutrients in the soil, irrigation schedules, crop rotation, and other conditions af-fecting crop growth.”

“Vane sensors can measure the pressures of plant moisture while soil sensors can track water move-ment, soil moisture levels, and car-bon and temperature changes, all of which can be used to optimise irri-gation and decrease crop damage.”

Lin says pictures of crops can be uploaded to a database to serve as a reference for daily pricing updates. Thus, farmers no longer need to leave their farms to participate in global economic activities.

From the comfort of their homes, consumers can scan QR codes on packages to view the clean auto-mated control processes of king

oyster mushroom production and harvest procedures taking place in plant factories.

Overseas retailers can remotely access supply chain systems and rapidly distribute Taiwan’s exported agricultural products to internation-al retail stores. Fresh mushrooms ordered seven months in advance can be prepared for export through an RFID system.

All the above are possible future scenarios of Agricultural 4.0, says Lin, adding the future of agricul-ture will look very diff erent.

Th e days of tilling the soil and relying on armies of immigrant fruit pickers are over; agriculture is in-creasingly becoming a lot more like manufacturing.

What does smart farming need? Whether it is indoors in multi-sto-rey hydroponic farms or small-size plots of land, whether under-ground cultivation or large-scale

warehoused plantations, smart farming needs the following tech-nologies: Solar technology (for energy needs), lighting technology (diff erent plants grow best at dif-ferent wavelengths), drone tech-nology (modelling of terrain, soil, water, etc), IoT (Internet of Th ings) (smart sensors), semiconductors (to create those nifty sensors), soft-ware, in particular control software and data mining algorithms, and robotics (for planting and har-vesting) — Lin says Taiwan is an industry leader in most of these technologies.

This agriculture minister says switching Taiwan’s agriculture from traditional to smart will guarantee thousands of jobs.

Th e farmer of the future is a data engineer, says Lin but on top of that — such as farmer would also be an electrical engineer and an artifi cial intelligence (AI) specialist.

TAIWAN’S outstanding research and development (R&D) achieve-ments and excellent products such as automation in the country’s ag-ricultural sector were featured at the 2018 Taoyuan Agriculture Expo from April 4 to May 13.

Th e event at Xinwu district in Taoyuan city — incorporating the idea of “Smart Technology, Green Life” — featured 23 pavilions with six main themes: “Smart Technol-ogy”, “Unique Industry”, “Cultur-al and Creative Arts”, “Local Life”, “Multiple Cultures” and “Sustain-able Environment”.

It was organised by the Execu-tive Yuan, Council of Agriculture (CoA), which was also the organis-er of the “Taiwan Innovative Agri-cultural Machinery Pavilion” that was part of the expo.

Within 2,100 sq m, nine affi liat-ed agricultural research institutes and extension stations of the CoA, as well as 28 agricultural machin-ery companies, displayed their in-novative R&D achievements and top-notch agricultural machinery.

A total of 62 agricultural ma-chinery and R&D achievements were showcased in fi ve major cat-egories — “Special Crops and Tea”, “Vegetables, Flowers and Seed-lings”, “Rice and Miscellaneous Grains”, “Fruit Trees” and “Green-houses, Facilities and Equipment”.

The progress in agricultural machinery has been vital in the development of agricultural tech-nology and cultivation effi ciency in Taiwan.

Economical small machines like cultivators, mowers and spray-ers as well as grain dryers, grain cooler silo system, and greenhouse environment control equipment,

are touted for their quality. Taiwan’s tropical agricultural

technology is popular locally and abroad too.

Th is was evident at the expo, where large crowds were seen at the “Taiwan Innovative Agricultur-al Machinery Pavilion” showcasing the nation’s technological capa-bilities in agricultural machinery.

Th e pavilion was set up to pro-mote bilateral exchanges and co-operations in agricultural tech-nology.

Taiwan’s agricultural technol-ogy and agricultural machinery products make it a strong partner to domestic and foreign entities seeking to improve agricultural production effi ciency, quality and output.

In addition, 25 manufacturers — members of Taiwan Agricul-tural Machinery Manufacturers Association — exhibited their fi ne agricultural machinery for the ex-port market.

This included an intelligent temperature control greenhouse, integrated sensor system, a drip ir-rigation and irrigation system, all introduced to visitors via demon-strations and other promotional activities.

Back at the Agricultural Ma-chinery Hall, we were delighted to have discovered more unique machinery such as one built to cut a pineapple’s skin and another made to rip out fruit seeds.

Other attractions here includ-ed harvesting machines ideal for small farmers to harvest vegetables without incurring high labour cost.

However, these machines use environmentally friendly and en-ergy-saving Li-Polymer battery.

Smart technology at the 2018 Taoyuan Agriculture Expo

Biotech meets farming in TaiwanRise in indoor farming technology and research investments boosts verticle farming — expert

S TO R I E S BY H A L I M YA A C O B

Vertical farming in Taiwan is becom-ing more popular as indoor farming technology and re-search investments

increase, says Tsai Wen-chin.YesHealth iFarm in Taoyuan’s

Luchu township is a Taiwan-based agriculture fi rm that operates such a farm.

The firm is the largest indoor plant producer in Asia, currently employing 130 people, according to its 53-year-old chairman Tsai.

In relating how he started the farm, Tsai recalled — during the Smart City Brands Media Tour host-ed by the Taiwan External Trade Development Council for journal-ists — that he was in his 30s when he noticed ample business poten-tial in the then fruit market. Tsai was at the time also much involved in

the information and communica-tions technology industry (ICT).

However in 2008 Tsai was di-agnosed with liver cancer and he needed to change his exhausting lifestyle. Leaving the high pressured work environment in the ICT indus-try, he devoted himself to indoor farming research, nutritional learn-ing, and started YesHealth iFarm.

According to Tsai, YesHealth iF-arm only uses fertiliser made from organic soybeans. He says the plants also listen to music.

Tsai says his fi rm is proud of its “4 zeroes 2 lows” standards and achievements: Zero pesticide res-idue, zero toxic heavy metals, zero E coli, zero parasites, low nitrates, and low bacteria count. He says

Moving towards Agricultural 4.0 in Taiwan with smart technology

Lin (left) and Mitagri Co chairman Chen Yu-jan both holding an atemoya posed for photos during a visit to a local supermarket in Kuala Lumpur as part of a business trip to Malaysia in early March. They were in Kuala Lumpur to promote Taiwan-produced atemoyas as well as to gain a deeper understanding about importing fruits from Taiwan to Malaysia. Photo by Taiwan Today

YesHealth iFarm’s Tsai operates the largest indoor farm in Asia. Photo by YesHealth iFarm

the farm’s unique growing process gives its produce a unique crunch and taste.

“Not only is YesHealth iFarm an excellent template for organic farm-ing, it is also a technology-driven 14-storey vertical farm covering 2,645 sq m”, says Tsai.

The farm is two stories taller than the largest vertical farm in Japan and grows over 40 varieties of vegetables, including arugula, ice plant and mustard leaf, says Tsai, adding various spectrums of LED lights are used depending on the plant.

He says YesHealth iFarm pro-duces over 100 times what a tradi-tional farm can while using only a tenth of the water the latter uses. Tsai added that YesHealth iFarm produces 1.2 tonnes of vegetables a day and that it supplies vegetables and herb spices to hotels in Taiwan such as the Grand Hyatt and Wes-tin Hotel. Its products also end up

in in-fl ight meals of EVA Air and China Airlines through the fi rm’s catering affi liates.

YesHealth iFarm also has a direct business-to-customer line via its ready-to-eat salad packs and other vegetable-based products. Th ese are distributed by French super-market brand Carrefour, says Tsai.

Th e chairman of YesHealth i-farm says the fi rm is prepared to export its technology and production sys-tem as a turnkey package for com-panies that want to develop their own brands.

“The Taiwan government has published a policy which encour-ages companies to do business in Southeast Asia. Th is, I think, would be a good opportunity for us to ven-ture into Southeast Asia to do this kind of vertical farming.

“But, in order to do this, we would need a local partner; a lo-cal strategic partner will help us do this,” says Tsai.

2 5


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

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

Bursa Malaysia

KLSE COMPOSITE 1,761.78 -1.79 -0.10

KLSE INDUSTRIAL 3,165.25 -22.94 -0.72

CONSUMER PRODUCT 740.16 1.57 0.21

INDUSTRIAL PRODUCT 167.59 -1.21 -0.72

CONSTRUCTION 210.50 -2.19 -1.03

TRADE & SERVICES 216.93 0.58 0.27

KLSE FINANCIAL 17,492.84 -41.74 -0.24

KLSE PROPERTY 1,043.49 -3.48 -0.33

KLSE PLANTATION 7,782.65 44.65 0.58

KLSE MINING 911.89 4.05 0.45

INDICES CLOSE +/- %CHGTECHNOLOGY 36.06 -0.06 -0.17

FTSE BURSA 100 12,164.78 -20.26 -0.17

FTSE BURSA MID 70 14,828.33 -51.56 -0.35

FTSE BURSA SMALL CAP 14,578.57 109.34 0.76

FTSE BURSA FLEDGLING 16,461.26 36.24 0.22

FTSE BURSA EMAS 12,378.78 -13.37 -0.11

FTSE BUR M’SIA ACE 5,318.32 83.85 1.60

FTSE BUR EMAS SHARIAH 12,473.71 4.80 0.04

FTSE BUR HIJRAH SHARIAH 14,066.97 1.37 0.01

FTSE/ASEAN 40 11,133.11 -63.78 -0.57

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.600 0.360 0.370 0.360 7120 ACOSTEC 0.365 -0.025 543.4 0.363 — — 64.9 6.490 4.384 6.490 6.400 7090 AHEALTH 6.480 0.040 31.3 6.461 15.96 1.85 759.1 25.500 18.000 22.300 22.080 2658 AJI 22.080 -0.220 5.4 22.174 7.05 1.90 1,342.4 0.390 0.210 — — 7051 AMTEK 0.290 — — — — — 14.5 5.202 3.760 4.460 4.350 6432 APOLLO 4.460 0.160 0.8 4.364 28.76 5.61 356.8 1.040 0.750 — — 7722 ASIABRN 0.825 — — — — — 96.0 3.156 2.502 — — 7129 ASIAFLE 2.700 — — — 8.89 5.93 525.9 43.565 22.224 37.100 35.100 4162 BAT 35.100 -1.600 814.9 35.506 21.31 4.62 10,022.1 0.100 0.040 0.045 0.045 7243 BIOOSMO 0.045 UNCH 200 0.045 — — 35.8 0.670 0.400 0.435 0.430 9288 BONIA 0.430 -0.005 111.9 0.433 16.41 2.91 346.7 1.103 0.810 0.965 0.960 7174 CAB 0.965 0.005 219.7 0.961 9.02 0.52 620.7 1.170 0.292 0.820 0.805 7154 CAELY 0.820 -0.005 28.6 0.812 31.66 1.22 65.6 0.415 0.260 — — 7128 CAMRES 0.280 — — — 8.67 3.57 55.1 20.780 13.892 20.100 19.860 2836 CARLSBG 19.920 0.040 105.3 19.926 25.96 4.32 6,090.5 1.010 0.399 0.950 0.915 7035 CCK 0.935 -0.015 1461.8 0.934 16.20 1.60 589.7 1.436 0.814 1.400 1.330 7148 CCMDBIO 1.340 -0.050 239.6 1.363 8.58 6.34 872.2 2.404 1.800 1.950 1.900 2828 CIHLDG 1.950 0.050 14 1.945 9.78 4.10 315.9 0.145 0.020 0.055 0.055 5188 CNOUHUA 0.055 UNCH 50 0.055 — — 36.7 3.048 2.150 — — 7205 COCOLND 2.360 — — — 16.30 5.51 540.0 1.750 1.394 1.460 1.450 7202 CSCENIC 1.450 -0.010 10 1.457 17.14 6.90 174.7 0.075 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.744 0.470 0.480 0.480 9423 CWG 0.480 UNCH 20 0.480 1.03 3.13 60.6 0.040 0.025 0.035 0.030 7179 DBE 0.035 0.005 168.8 0.035 — — 93.7 1.100 0.870 — — 7119 DEGEM 1.030 — — — 10.00 2.43 138.0 75.730 55.076 — — 3026 DLADY 68.100 — — — 36.31 1.47 4,358.4 0.110 0.050 0.065 0.065 7182 EKA 0.065 UNCH 55 0.065 — — 20.3 0.285 0.185 0.190 0.190 9091 EMICO 0.190 -0.005 25 0.190 — — 18.2 1.823 1.020 — — 7149 ENGKAH 1.160 — — — 71.60 2.59 82.1 0.365 0.150 0.170 0.165 7208 EURO 0.170 -0.005 510.8 0.168 — — 45.4 0.760 0.620 — — 7094 EUROSP 0.750 — — — — — 33.3 39.980 22.958 37.660 36.700 3689 F&N 37.120 -0.080 269.2 37.166 47.12 1.55 13,614.8 1.070 0.820 — — 2755 FCW 0.830 — — — — — 207.5 0.742 0.350 — — 8605 FIHB 0.390 — — — 10.37 3.08 42.5 1.931 0.838 1.390 1.380 9172 FPI 1.390 UNCH 30.2 1.389 8.97 5.76 343.8 1.100 0.600 — — 7184 G3 0.870 — — — — — 358.9 2.200 1.002 1.770 1.750 5102 GCB 1.750 -0.010 80.6 1.759 6.71 1.43 840.3 0.370 0.045 0.135 0.130 5187 HBGLOB 0.135 UNCH 672.1 0.134 4.59 — 63.2 24.020 16.760 22.000 21.880 3255 HEIM 22.000 UNCH 42.5 21.995 24.63 4.09 6,646.2 12.300 8.688 11.480 11.460 3301 HLIND 11.460 0.100 8 11.461 28.76 3.23 3,757.8 0.957 0.600 0.620 0.620 5160 HOMERIZ 0.620 -0.005 15 0.620 7.43 6.77 186.0 0.380 0.300 0.330 0.330 7213 HOVID 0.330 UNCH 170 0.330 183.33 — 272.6 1.200 1.020 1.100 1.080 5024 HUPSENG 1.090 UNCH 89.9 1.091 19.82 5.50 872.0 0.520 0.320 — — 8478 HWATAI 0.390 — — — 35.78 — 29.2 3.440 2.600 3.070 2.980 5606 IGBB 3.070 0.140 541 3.054 10.67 0.65 2,116.8 4.760 1.130 1.400 1.400 5107 IQGROUP 1.400 UNCH 11.7 1.400 — 7.14 123.2 1.546 0.840 0.865 0.860 7152 JAYCORP 0.860 UNCH 27.4 0.865 5.70 12.79 118.0 0.632 0.365 0.410 0.410 8931 JERASIA 0.410 -0.040 5 0.410 6.19 1.22 33.6 1.635 0.881 1.000 0.980 7167 JOHOTIN 1.000 0.020 111.4 0.993 12.67 3.50 310.5 1.846 0.500 0.735 0.630 5247 KAREX 0.730 0.105 8691.9 0.702 62.93 1.37 731.7 3.756 1.940 2.350 2.230 7216 KAWAN 2.350 0.120 41.4 2.282 30.52 1.66 844.9 0.210 0.100 — — 8303 KFM 0.110 — — — — — 7.5 0.784 0.560 0.595 0.580 6203 KHEESAN 0.595 0.015 40 0.594 22.97 2.52 61.9 2.338 1.560 — — 7062 KHIND 1.750 — — — 89.74 0.57 70.1 2.160 1.600 — — 0002 KOTRA 1.650 — — — 18.09 2.42 220.4 0.145 0.057 0.095 0.095 5172 KSTAR 0.095 UNCH 781 0.095 — — 36.2 5.469 3.200 3.450 3.370 7006 LATITUD 3.450 0.100 8 3.415 11.20 3.48 335.4 1.090 0.890 0.935 0.920 9385 LAYHONG 0.925 -0.015 723 0.925 15.04 0.54 603.4 0.950 0.288 0.885 0.865 8079 LEESK 0.885 UNCH 771.6 0.881 18.67 1.69 148.5 4.222 2.222 2.450 2.370 7089 LIIHEN 2.390 -0.010 103.3 2.392 7.47 5.65 430.2 0.815 0.460 0.525 0.490 7126 LONBISC 0.525 UNCH 17 0.515 12.71 — 97.9 1.788 0.900 — — 7085 LTKM 0.970 — — — 27.02 2.58 126.2 7.622 4.034 5.500 5.410 7087 MAGNI 5.470 -0.030 44.5 5.461 8.11 2.56 890.1 0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 1.120 0.840 — — 5886 MBG 0.900 — — — 38.30 3.33 54.7 2.409 1.340 1.490 1.490 3662 MFLOUR 1.490 -0.010 1 1.490 18.13 4.36 819.9 0.885 0.640 — — 7935 MILUX 0.860 — — — — — 46.8 4.500 3.360 3.800 3.800 5202 MSM 3.800 -0.020 1 3.800 149.61 3.68 2,671.3 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.720 1.250 — — 3921 MWE 1.710 — — — — 1.17 396.0 161.334 80.142 148.00 143.10 4707 NESTLE 148.000 3.100 223.6 146.791 53.68 1.82 34,706.0 4.838 3.190 3.500 3.500 7060 NHFATT 3.500 UNCH 2 3.500 17.79 3.14 263.0 0.105 0.035 0.040 0.040 7139 NICE 0.040 -0.005 301.8 0.040 — — 13.3 0.310 0.150 0.170 0.170 7215 NIHSIN 0.170 UNCH 219.9 0.170 20.24 — 54.7 0.783 0.490 0.595 0.585 5066 NTPM 0.590 -0.005 231.4 0.592 17.35 3.39 662.7 1.697 0.830 0.910 0.910 7107 OFI 0.910 -0.025 14 0.910 19.49 3.85 218.4 6.705 6.060 6.540 6.540 4006 ORIENT 6.540 UNCH 2 6.540 10.38 3.06 4,057.4 5.800 3.315 5.710 5.600 7052 PADINI 5.680 UNCH 383.1 5.679 23.28 1.76 3,736.9 40.631 33.000 38.100 38.000 3719 PANAMY 38.100 0.100 0.8 38.068 17.64 3.07 2,314.4 0.563 0.355 — — 5022 PAOS 0.390 — — — 70.91 4.10 70.7 0.500 0.265 — — 9407 PARAGON 0.300 — — — — — 21.0 0.401 0.200 0.220 0.220 6068 PCCS 0.220 -0.005 45 0.220 4.55 — 46.2 0.920 0.600 0.600 0.600 5231 PELIKAN 0.600 UNCH 5 0.600 13.36 — 332.0 0.707 0.540 0.585 0.585 9997 PENSONI 0.585 UNCH 10 0.585 11.72 3.42 75.9 0.210 0.150 0.150 0.150 4081 PMCORP 0.150 -0.010 10 0.150 — — 116.0 0.781 0.477 0.500 0.500 5080 POHKONG 0.500 UNCH 88 0.500 7.13 2.00 205.2 1.999 1.122 — — 7088 POHUAT 1.310 — — — 6.34 5.34 305.5 20.810 16.084 19.960 19.600 4065 PPB 19.820 -0.060 2611.9 19.773 22.66 1.51 23,496.6 0.643 0.435 — — 7190 PPG 0.440 — — — — 4.55 44.0 1.526 0.550 0.815 0.790 8966 PRLEXUS 0.805 -0.005 120.8 0.799 9.13 2.80 145.2 1.133 0.795 0.905 0.895 7134 PWF 0.900 -0.010 27 0.899 8.44 3.81 156.1 2.362 1.150 1.780 1.720 7237 PWROOT 1.760 0.040 347.4 1.754 60.69 4.55 581.4 5.910 3.820 5.910 5.770 7084 QL 5.910 0.090 362.9 5.849 42.76 0.55 9,588.6 0.628 0.420 — — 9946 REX 0.450 — — — 300.00 1.11 111.0 1.600 0.446 0.560 0.550 0183 SALUTE 0.550 -0.010 78 0.556 14.51 4.36 213.4 0.983 0.300 0.375 0.365 5252 SASBADI 0.370 UNCH 440.8 0.370 20.00 1.81 155.1 0.590 0.330 0.400 0.395 5157 SAUDEE 0.400 UNCH 31.5 0.399 25.81 — 52.9 0.707 0.495 0.530 0.510 7180 SERNKOU 0.510 -0.020 29.8 0.515 13.49 — 122.4 1.340 0.590 0.780 0.780 7165 SGB 0.780 UNCH 12 0.780 — — 154.9 1.489 0.710 — — 7412 SHH 0.710 — — — — 7.04 35.5 0.933 0.480 0.575 0.550 7246 SIGN 0.560 -0.005 25.9 0.563 6.55 4.46 134.6 0.765 0.200 0.365 0.365 8532 SINOTOP 0.365 UNCH 24 0.365 — — 144.1 0.855 0.420 0.550 0.475 9776 SMCAP 0.550 0.055 8 0.483 2.76 — 33.6 0.345 0.240 — — 7943 SNC 0.280 — — — — — 18.5 2.460 2.076 — — 7103 SPRITZER 2.420 — — — 16.97 2.27 508.2 1.340 0.910 0.975 0.910 7186 SWSCAP 0.975 0.025 61.2 0.957 23.10 1.03 142.2 0.560 0.265 0.285 0.285 7082 SYF 0.285 -0.005 53 0.285 13.70 5.26 176.5 0.470 0.300 — — 7211 TAFI 0.340 — — — — — 27.2 1.899 1.283 1.860 1.830 4405 TCHONG 1.850 0.020 43.9 1.850 — 1.08 1,243.2 0.599 0.295 0.320 0.300 7200 TEKSENG 0.320 0.005 430.5 0.308 5.69 6.25 111.4 1.080 0.800 0.915 0.915 7252 TEOSENG 0.915 0.015 10 0.915 18.60 1.64 274.5 1.445 0.880 — — 9369 TGL 0.970 — — — 8.58 5.15 39.5 1.004 0.541 — — 7230 TOMEI 0.590 — — — 5.75 1.69 81.8 0.485 0.355 — — 7176 TPC 0.360 — — — — — 84.2 6.926 4.664 6.550 6.230 4588 UMW 6.450 -0.100 667.4 6.459 156.17 0.78 7,535.5 2.680 2.233 2.480 2.480 7757 UPA 2.480 UNCH 1 2.480 5.05 3.23 197.4 2.404 1.246 1.420 1.320 7203 WANGZNG 1.390 -0.050 57.4 1.347 20.65 2.88 222.4 0.210 0.115 0.155 0.150 5156 XDL 0.150 UNCH 2133 0.153 18.75 — 242.5 0.665 0.500 — — 7121 XIANLNG 0.570 — — — 1140 — 45.6 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.450 2.030 2.230 2.230 5584 YEELEE 2.230 0.010 8.7 2.230 10.16 2.02 427.3 1.522 1.010 1.230 1.210 5159 YOCB 1.220 UNCH 40.2 1.220 8.25 4.10 195.2 3.190 2.330 2.630 2.610 7178 YSPSAH 2.630 -0.020 7.2 2.628 19.57 2.66 362.8 2.082 1.351 — — 5131 ZHULIAN 1.460 — — — 14.20 4.45 671.6INDUSTRIAL PRODUCTS 1.393 0.910 0.960 0.950 0012 3A 0.950 -0.010 20.5 0.958 12.34 1.89 467.4 0.180 0.085 — — 7086 ABLEGRP 0.100 — — — — — 26.4 0.430 0.300 — — 7131 ACME 0.305 — — — 20.61 — 72.8 0.975 0.520 — — 7191 ADVENTA 0.590 — — — 147.50 — 90.1 2.282 1.900 — — 9148 ADVPKG 2.100 — — — 26.12 4.29 43.1 0.215 0.125 0.175 0.165 7146 AEM 0.175 UNCH 402 0.169 — — 52.4 0.580 0.370 — — 5198 AFUJIYA 0.410 — — — 10.88 — 73.8 0.530 0.260 — — 2682 AISB 0.290 — — — 4.77 — 41.9 0.864 0.491 — — 7609 AJIYA 0.545 — — — 28.99 1.83 166.0

0.250 0.032 0.115 0.105 9954 AKNIGHT 0.105 UNCH 1772.2 0.109 — — 60.6 1.694 0.700 0.775 0.735 2674 ALCOM 0.775 0.025 40.1 0.736 10.49 26.45 104.1 1.070 0.405 0.490 0.490 4758 ANCOM 0.490 0.005 19 0.490 7.94 — 107.3 3.814 2.000 2.330 2.240 6556 ANNJOO 2.260 -0.070 441 2.278 6.00 8.41 1,263.1 0.255 0.045 — — 9342 ANZO 0.055 — — — — — 48.4 1.120 0.800 — — 5568 APB 0.815 — — — — 3.68 92.0 3.943 3.208 — — 5015 APM 3.630 — — — 15.87 3.58 731.8 1.185 0.700 — — 7214 ARANK 0.745 — — — 6.30 4.36 89.4 1.278 0.755 0.820 0.810 7162 ASTINO 0.820 0.010 110.6 0.818 6.51 1.22 224.8 1.158 0.649 0.890 0.890 7099 ATTA 0.890 0.010 6.3 0.890 3.40 8.99 185.4 0.365 0.100 0.160 0.135 7181 ATURMJU 0.135 -0.025 0.4 0.148 — — 8.2 2.255 1.610 — — 8133 BHIC 1.680 — — — 33.94 2.98 417.4 0.525 0.260 — — 7005 BIG 0.360 — — — — — 17.3 0.580 0.395 0.455 0.440 7187 BKOON 0.450 0.010 341.5 0.447 14.11 — 133.7 0.963 0.635 0.715 0.700 0168 BOILERM 0.705 -0.010 35.5 0.707 17.71 2.13 363.8 1.780 1.000 — — 6297 BOXPAK 1.130 — — — — — 135.7 1.387 0.833 0.995 0.995 5100 BPPLAS 0.995 -0.005 9.7 0.995 13.50 4.02 186.7 0.310 0.160 0.190 0.180 9938 BRIGHT 0.190 UNCH 114.9 0.185 — — 39.0 0.800 0.435 0.560 0.560 7221 BSLCORP 0.560 0.040 5 0.560 26.79 — 54.9 0.320 0.140 0.150 0.145 7188 BTM 0.150 0.005 111 0.146 — — 21.2 3.480 2.380 2.450 2.430 5105 CANONE 2.430 -0.020 81 2.445 7.79 1.65 466.9 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 2.055 1.330 1.350 1.330 7076 CBIP 1.330 -0.020 101.5 1.336 15.63 4.51 715.9 2.410 1.592 2.410 2.400 2879 CCM 2.400 UNCH 227.1 2.400 36.04 4.38 402.5 1.750 1.350 — — 8435 CEPCO 1.400 — — — — — 62.7 1.240 1.030 — — 8044 CFM 1.060 — — — — — 43.5 1.850 1.512 1.600 1.590 5007 CHINWEL 1.590 UNCH 2.5 1.598 8.95 4.53 476.3 2.690 1.950 2.240 2.240 5797 CHOOBEE 2.240 -0.060 2 2.240 6.02 2.68 246.2 1.300 0.850 — — 8052 CICB 1.300 — — — 23.13 1.35 65.0 0.060 0.035 — — 7018 CME 0.040 — — — — — 23.4 4.334 1.740 2.780 2.710 2852 CMSB 2.740 -0.040 1257.4 2.747 12.82 2.92 2,943.8 0.840 0.320 — — 7986 CNASIA 0.500 — — — 12.92 — 22.7 1.490 0.980 1.020 0.980 5071 COASTAL 0.980 -0.020 1841.4 1.006 73.13 2.04 521.0 0.451 0.160 0.170 0.160 7195 COMCORP 0.170 UNCH 77.9 0.170 — — 23.8 1.220 0.690 0.885 0.865 2127 COMFORT 0.870 -0.005 1543.4 0.875 13.53 1.15 488.9 1.828 1.270 — — 5094 CSCSTEL 1.340 — — — 9.18 7.46 509.2 0.750 0.522 — — 7157 CYL 0.565 — — — 47.08 7.08 56.5 0.360 0.295 — — 5082 CYMAO 0.320 — — — — — 24.0 2.387 2.010 2.100 2.100 8125 DAIBOCI 2.100 UNCH 3.1 2.100 25.80 2.14 688.6 2.000 1.180 — — 8176 DENKO 1.550 — — — — — 1,777.9 0.460 0.270 0.320 0.310 7114 DNONCE 0.315 0.005 6190.7 0.317 18.42 — 61.1 0.305 0.150 — — 5835 DOLMITE 0.195 — — — — — 55.6 0.305 0.090 0.130 0.115 5265 DOLPHIN 0.120 0.005 2280.6 0.124 — — 29.3 1.379 1.157 1.290 1.290 7169 DOMINAN 1.290 0.010 0.1 1.290 7.72 5.04 213.2 2.750 1.511 1.900 1.850 1619 DRBHCOM 1.850 -0.030 3557.6 1.861 7.18 0.54 3,576.5 1.478 0.908 — — 7233 DUFU 1.050 — — — 6.88 6.19 184.2 0.775 0.465 0.500 0.495 8907 EG 0.495 -0.005 131.6 0.499 6.10 — 132.1 0.990 0.680 0.740 0.720 9016 EKSONS 0.720 -0.005 388.9 0.722 — 6.94 118.2 0.843 0.425 0.515 0.500 7217 EMETALL 0.505 -0.010 466.3 0.503 5.64 4.95 95.1 0.680 0.380 — — 7773 EPMB 0.450 — — — — — 74.7 0.920 0.415 0.455 0.445 5101 EVERGRN 0.445 -0.010 1201.6 0.449 9.16 3.10 376.7 1.690 1.198 1.360 1.360 2984 FACBIND 1.360 0.010 29 1.360 24.91 2.94 115.8 2.862 2.340 2.690 2.580 7229 FAVCO 2.660 0.120 415.1 2.659 10.56 5.08 588.9 0.717 0.480 — — 0149 FIBON 0.500 — — — 45.87 2.20 49.0 2.221 1.910 — — 3107 FIMACOR 1.980 — — — 13.22 6.31 485.6 1.747 0.962 1.250 1.080 5197 FLBHD 1.250 0.180 144 1.105 22.81 4.80 129.0 0.631 0.177 0.320 0.275 5277 FPGROUP 0.310 0.035 13567.8 0.300 18.56 3.23 160.6 2.620 0.800 0.830 0.830 7197 GESHEN 0.830 0.005 16.4 0.830 8.33 — 66.4 0.070 0.035 0.045 0.045 5220 GLOTEC 0.045 UNCH 5 0.045 — — 242.2 0.330 0.170 0.240 0.220 7192 GOODWAY 0.235 0.015 1452.4 0.232 — — 26.0 0.130 0.085 — — 7096 GPA 0.090 — — — — — 88.2 0.370 0.220 0.270 0.260 5649 GPHAROS 0.265 UNCH 45 0.263 7.61 — 35.7 0.250 0.155 0.180 0.160 0136 GREENYB 0.165 -0.005 411.9 0.169 — 1.82 55.1 0.934 0.500 — — 3247 GUH 0.585 — — — — 5.76 162.6 1.180 0.710 — — 5151 HALEX 0.970 — — — — — 102.8 6.619 5.980 6.250 5.980 5168 HARTA 5.980 -0.220 5279.8 6.057 44.89 1.17 19,811.8 19.158 4.849 6.940 6.810 4324 HENGYUAN 6.900 0.050 240.8 6.876 2.81 0.29 2,070.0 1.690 0.685 0.825 0.815 5095 HEVEA 0.820 0.010 606.2 0.820 10.62 8.29 459.5 0.985 0.650 0.660 0.660 3298 HEXZA 0.660 UNCH 10 0.660 — 7.58 132.3 0.530 0.325 0.375 0.370 5072 HIAPTEK 0.375 UNCH 946.7 0.374 — — 501.4 1.170 0.375 0.910 0.890 5199 HIBISCS 0.905 0.010 2121 0.901 12.36 — 1,437.3 1.330 0.913 — — 7033 HIGHTEC 1.250 — — — 8.26 2.80 50.8 0.998 0.610 — — 8443 HIL 0.680 — — — 13.39 2.57 227.1 0.715 0.300 0.425 0.425 5165 HOKHENG 0.425 0.005 10 0.425 53.13 — 34.0 0.665 0.030 0.335 0.330 2739 HUAAN 0.335 0.005 2371.7 0.331 4.31 — 376.0 2.720 1.240 1.240 1.240 5000 HUMEIND 1.240 -0.010 5 1.240 — 1.61 594.1 0.340 0.120 0.135 0.130 9601 HWGB 0.130 -0.005 20 0.133 — — 42.2 2.350 1.634 2.200 2.180 7222 IMASPRO 2.200 0.110 260 2.180 29.77 1.59 176.0 0.290 0.110 0.165 0.150 7183 IRETEX 0.155 -0.010 2391 0.155 — — 22.5 0.080 0.040 — — 7223 JADI 0.045 — — — — — 42.4 0.155 0.125 0.130 0.130 8648 JASKITA 0.130 0.005 105 0.130 — 7.69 58.4 1.110 0.950 1.050 1.000 7043 JMR 1.000 -0.010 6 1.042 — 3.00 126.8 0.300 0.145 0.175 0.175 0054 KARYON 0.175 UNCH 130 0.175 14.00 1.71 83.2 0.728 0.450 0.500 0.500 7199 KEINHIN 0.500 0.005 47.3 0.500 17.61 2.72 54.4 0.480 0.265 — — 6211 KIALIM 0.310 — — — — — 19.2 3.037 2.445 2.830 2.760 3522 KIANJOO 2.760 -0.040 0.4 2.795 14.80 1.45 1,225.9 2.017 1.260 — — 5371 KIMHIN 1.280 — — — 216.95 3.91 199.2 0.065 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.253 0.780 0.850 0.850 9466 KKB 0.850 UNCH 10 0.850 49.42 2.35 219.1 0.300 0.180 0.185 0.180 7164 KNM 0.180 UNCH 2697.7 0.181 — — 426.5 1.700 0.810 1.060 1.060 6971 KOBAY 1.060 UNCH 5 1.060 12.86 — 108.2 0.245 0.150 — — 7017 KOMARK 0.180 — — — — — 29.6 8.721 6.220 8.200 8.020 7153 KOSSAN 8.200 0.100 204.3 8.170 29.13 1.34 5,243.6 1.110 0.430 0.435 0.430 7130 KPOWER 0.430 -0.020 40 0.432 — — 32.7 5.098 3.970 4.170 4.120 3476 KSENG 4.160 0.040 5.8 4.136 198.10 2.40 1,503.7 0.724 0.362 — — 5192 KSSC 0.390 — — — 9.42 5.13 37.4 0.775 0.335 0.395 0.360 8362 KYM 0.375 0.005 279.5 0.371 — — 56.2 7.080 2.920 3.050 3.000 3794 LAFMSIA 3.020 UNCH 251.1 3.020 — — 2,566.1 0.910 0.530 — — 9326 LBALUM 0.550 — — — 17.35 4.55 136.7 0.580 0.425 — — 5092 LCTH 0.575 — — — 21.95 1.74 207.0 6.259 3.968 5.220 5.110 5284 LCTITAN 5.220 0.030 735.2 5.176 11.77 4.41 12,046.7 0.985 0.615 0.670 0.665 5232 LEONFB 0.665 -0.005 36 0.665 2.56 2.26 206.2 0.380 0.220 — — 8745 LEWEKO 0.250 — — — — — 80.5 1.670 0.685 0.895 0.875 4235 LIONIND 0.890 0.015 815.9 0.881 4.09 — 638.9 0.740 0.380 0.410 0.395 9881 LSTEEL 0.395 -0.010 12 0.400 7.21 — 50.6 0.140 0.075 0.095 0.090 5068 LUSTER 0.090 UNCH 220 0.091 33.33 — 177.8 4.660 3.000 — — 9199 LYSAGHT 3.380 — — — 8.38 2.07 140.5 1.400 0.580 0.675 0.655 5098 MASTEEL 0.660 -0.015 1644.2 0.660 3.64 — 282.0 0.755 0.531 0.620 0.620 7029 MASTER 0.620 -0.005 17.8 0.620 8.59 3.23 33.9 1.392 0.940 — — 5152 MBL 0.970 — — — 10.58 1.03 98.1 0.855 0.665 0.750 0.740 7004 MCEHLDG 0.750 0.010 7.9 0.740 93.75 — 33.3 0.335 0.180 0.195 0.195 3778 MELEWAR 0.195 0.005 10 0.195 — — 44.0 0.730 0.510 0.535 0.535 5223 MENTIGA 0.535 UNCH 1 0.535 111.46 1.87 37.5 1.800 1.600 — — 6149 METROD 1.750 — — — 9.10 3.43 210.0 1.235 0.390 0.425 0.410 5001 MIECO 0.420 UNCH 484.3 0.417 6.25 2.38 220.5 0.170 0.085 0.090 0.090 7219 MINETEC 0.090 UNCH 60 0.090 — — 79.3 0.573 0.380 0.450 0.450 5576 MINHO 0.450 0.005 3 0.450 8.18 1.67 98.9 4.169 2.677 3.240 3.200 5916 MSC 3.240 0.040 69.8 3.239 40.40 1.23 324.0 2.950 1.140 2.010 1.900 3883 MUDA 2.000 0.100 2068.4 1.975 10.38 1.75 610.1 0.895 0.340 0.395 0.395 5087 MYCRON 0.395 0.010 10 0.395 4.95 — 112.0 0.355 0.090 0.135 0.120 5025 NWP 0.125 -0.005 4050.5 0.126 — — 49.0 1.163 0.615 0.630 0.620 4944 NYLEX 0.620 -0.015 30 0.627 5.87 3.23 120.5 1.897 1.100 1.300 1.300 7140 OKA 1.300 UNCH 13.7 1.300 8.63 4.23 212.7 1.780 1.105 1.320 1.290 5065 ORNA 1.310 0.030 161 1.311 6.35 3.82 98.6 0.130 0.043 0.060 0.055 7225 PA 0.055 -0.005 1500.9 0.057 — — 93.7 8.880 6.563 8.350 8.150 5183 PCHEM 8.340 UNCH 7830 8.332 17.17 3.24 66,720.0 1.640 0.780 0.920 0.905 5271 PECCA 0.915 UNCH 10.6 0.913 16.37 5.46 172.0 7.695 3.360 — — 5436 PERSTIM 4.400 — — — 19.31 6.82 436.9 19.096 15.492 18.100 17.500 6033 PETGAS 17.500 -0.560 1483 17.578 19.10 3.83 34,627.8 14.620 6.796 8.100 7.880 3042 PETRONM 7.920 -0.100 148.2 7.940 5.80 3.16 2,138.4 1.510 1.310 — — 3611 PGLOBE 1.350 — — — 105.47 — 252.0 2.266 1.186 1.260 1.240 7095 PIE 1.260 UNCH 64.5 1.252 11.08 1.90 483.9 3.372 0.842 3.290 3.090 7172 PMBTECH 3.100 UNCH 90 3.138 46.13 0.65 496.0 5.782 2.554 4.410 4.350 8869 PMETAL 4.400 -0.040 3076.6 4.401 27.87 1.36 17,022.5 0.565 0.470 — — 6637 PNEPCB 0.515 — — — 39.02 — 67.7 0.740 0.355 0.435 0.435 8117 POLY 0.435 UNCH 18.9 0.435 35.37 — 69.6 0.973 0.540 — — 8273 PPHB 0.600 — — — 8.00 — 113.2 1.410 0.783 0.875 0.870 9873 PRESTAR 0.875 UNCH 46.3 0.873 4.17 5.71 179.2 1.110 0.755 — — 7168 PRG 0.860 — — — 60.56 0.58 260.6 0.325 0.145 0.250 0.240 7123 PWORTH 0.245 0.010 11903 0.244 17.63 — 250.8 1.200 0.720 — — 7544 QUALITY 0.800 — — — — — 46.4 0.750 0.460 — — 7498 RALCO 0.500 — — — — — 21.0 5.900 5.310 5.890 5.680 7765 RAPID 5.680 -0.160 897.5 5.861 178.62 — 607.2 0.520 0.240 0.260 0.255 5256 REACH 0.260 0.005 298.6 0.256 — — 285.1 0.655 0.285 — — 7232 RESINTC 0.320 — — — 23.19 3.75 43.9 1.580 1.012 1.200 1.160 9741 ROHAS 1.200 UNCH 64.8 1.179 18.49 1.67 567.2 0.838 0.530 0.610 0.595 7803 RUBEREX 0.595 -0.005 86.1 0.603 11.04 2.94 150.1 5.194 3.780 3.880 3.880 5134 SAB 3.880 UNCH 12.3 3.880 16.25 1.29 531.3 8.490 5.900 7.600 7.560 9822 SAM 7.600 UNCH 7.2 7.598 15.85 1.84 1,027.3 0.957 0.740 0.840 0.840 7811 SAPIND 0.840 -0.020 2.2 0.840 20.24 4.76 61.1 1.237 0.405 — — 5170 SCABLE 0.435 — — — — 6.90 137.9 3.356 1.370 1.740 1.730 7247 SCGM 1.730 UNCH 56 1.736 14.33 3.47 334.9 0.810 0.500 — — 9237 SCIB 0.710 — — — — — 61.0 9.738 6.510 6.550 6.510 4731 SCIENTX 6.550 UNCH 238.5 6.547 11.22 2.44 3,202.5 0.350 0.240 0.255 0.255 7239 SCNWOLF 0.255 0.005 1.1 0.255 7.70 — 24.5 1.500 0.515 0.530 0.525 7073 SEACERA 0.530 0.010 59.2 0.525 25.00 — 199.1 0.210 0.120 — — 5145 SEALINK 0.140 — — — — — 70.0 0.745 0.350 — — 5163 SEB 0.380 — — — 16.31 — 30.4 1.393 0.761 0.830 0.800 5181 SIGGAS 0.830 UNCH 34 0.821 34.16 0.96 155.6 0.930 0.500 — — 7115 SKBSHUT 0.520 — — — 7.03 — 20.8 2.350 1.228 1.570 1.540 7155 SKPRES 1.540 -0.010 388.9 1.547 14.88 2.69 1,925.3 2.093 0.805 — — 7248 SLP 0.835 — — — 13.78 5.39 264.7 0.685 0.390 — — 7132 SMISCOR 0.500 — — — — — 22.4 2.525 1.517 1.710 1.670 5665 SSTEEL 1.700 UNCH 103.3 1.685 4.06 2.06 737.2

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

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

2 6 MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY



0.295 0.135 — — 7143 STONE 0.200 — — — — — 18.0 1.390 0.860 — — 6904 SUBUR 0.940 — — — — — 196.5 1.889 0.757 0.850 0.850 7207 SUCCESS 0.850 UNCH 44 0.850 8.57 2.94 211.2 2.918 0.995 1.390 1.330 7235 SUPERLN 1.390 0.040 135 1.359 12.79 2.52 222.4 4.100 1.632 4.100 3.860 7106 SUPERMX 4.100 0.190 5456.6 4.011 26.50 1.46 2,788.6 3.685 2.640 2.770 2.660 5012 TAANN 2.770 0.030 180.4 2.715 14.63 3.61 1,232.2 0.395 0.250 0.275 0.275 5149 TAS 0.275 -0.030 10 0.275 — — 49.5 12.733 6.885 — — 4448 TASEK 7.000 — — — — 5.71 865.3 0.235 0.100 0.135 0.135 5178 TATGIAP 0.135 -0.005 38.2 0.135 — — 23.0 1.480 0.465 0.520 0.510 7097 TAWIN 0.520 UNCH 93 0.516 12.53 — 37.6 2.090 0.910 — — 7439 TECGUAN 0.960 — — — — — 38.5 4.570 2.360 2.600 2.580 7034 TGUAN 2.590 0.010 10.2 2.590 8.92 3.09 353.2 1.912 1.264 1.320 1.320 7374 TIENWAH 1.320 -0.030 1 1.320 — 4.55 191.1 0.684 0.541 — — 7854 TIMWELL 0.645 — — — 17.43 1.55 57.4 1.069 0.705 0.830 0.785 7285 TOMYPAK 0.820 0.030 2128.5 0.806 12.11 2.56 344.2 4.080 2.529 3.380 3.350 5010 TONGHER 3.380 UNCH 5.2 3.366 9.59 10.65 532.1 11.980 5.277 11.380 11.000 7113 TOPGLOV 11.240 -0.040 2805.1 11.208 36.46 1.29 14,383.1 1.130 0.510 — — 7173 TOYOINK 0.700 — — — 184.21 — 74.9 0.215 0.145 0.155 0.150 4359 TURIYA 0.150 -0.005 20 0.152 — — 34.3 3.410 1.714 2.930 2.900 7100 UCHITEC 2.910 0.010 243.7 2.902 18.29 5.15 1,308.6 4.600 1.380 1.430 1.380 7133 ULICORP 1.390 -0.010 192.3 1.394 12.17 3.60 201.8 1.271 0.820 — — 7227 UMSNGB 1.020 — — — 14.59 2.94 81.6 1.680 0.355 0.415 0.415 4995 VERSATL 0.415 0.015 1 0.415 — — 48.7 2.575 1.500 1.700 1.620 6963 VS 1.700 0.070 8464.5 1.672 14.78 3.06 2,861.2 1.710 0.900 1.390 1.330 5142 WASEONG 1.370 0.020 398.8 1.366 7.97 0.36 1,061.6 0.465 0.240 — — 7226 WATTA 0.330 — — — 6.50 — 27.9 2.300 1.793 — — 7111 WEIDA 2.240 — — — 13.97 1.34 298.7 1.595 1.281 1.360 1.350 7231 WELLCAL 1.350 -0.020 5 1.356 20.80 4.33 672.2 1.393 0.652 0.930 0.915 7050 WONG 0.920 -0.005 27 0.922 7.46 — 84.4 0.625 0.500 — — 7025 WOODLAN 0.560 — — — — — 22.4 1.980 1.810 1.880 1.850 5009 WTHORSE 1.880 0.010 5 1.862 91.26 3.72 451.2 0.905 0.590 0.590 0.590 4243 WTK 0.590 UNCH 83.2 0.590 3.87 3.39 284.0 0.917 0.325 — — 7245 WZSATU 0.350 — — — 13.26 4.29 162.8 0.830 0.695 — — 5048 YILAI 0.740 — — — — — 118.4 0.455 0.155 0.215 0.210 7020 YKGI 0.210 -0.005 274.4 0.211 — — 73.6 0.598 0.275 — — 7014 YLI 0.320 — — — — 1.56 32.9CONSTRUCTION 1.210 0.360 0.490 0.445 5281 ADVCON 0.475 0.045 776.8 0.470 11.73 — 191.0 1.200 0.360 0.440 0.415 7078 AZRB 0.420 0.005 5796.9 0.428 6.85 3.57 223.3 0.470 0.265 0.275 0.270 5190 BENALEC 0.270 UNCH 256.2 0.270 38.03 1.48 219.2 0.435 0.250 0.275 0.270 5932 BPURI 0.275 UNCH 153.4 0.271 22.00 — 79.3 1.121 0.821 0.835 0.830 8761 BREM 0.835 UNCH 44 0.835 7.02 1.80 288.5 1.220 0.870 0.935 0.935 8591 CRESBLD 0.935 -0.005 8 0.935 5.42 4.28 165.4 1.968 1.560 — — 7528 DKLS 1.850 — — — 32.17 1.62 171.5 1.389 0.542 0.765 0.715 5253 ECONBHD 0.740 0.005 9117.4 0.747 11.20 2.16 989.8 1.214 0.505 0.640 0.620 8877 EKOVEST 0.625 UNCH 1689.1 0.631 9.81 3.20 1,337.0 0.992 0.355 0.420 0.415 7047 FAJAR 0.415 -0.005 75.1 0.416 5.52 — 155.1 1.335 0.640 0.750 0.735 9261 GADANG 0.750 0.010 477.9 0.741 3.75 4.00 496.3 5.392 3.000 3.580 3.440 5398 GAMUDA 3.500 -0.080 11167.1 3.503 12.45 3.43 8,638.0 2.089 0.615 1.220 1.070 5226 GBGAQRS 1.220 0.100 3859.4 1.167 10.73 1.95 580.1 0.840 0.380 0.410 0.400 5169 HOHUP 0.400 -0.010 79.6 0.404 4.12 — 149.9 1.635 1.282 — — 6238 HSL 1.390 — — — 15.58 1.73 809.9 3.491 1.600 1.870 1.790 3336 IJM 1.800 -0.050 9038.2 1.816 18.65 3.33 6,531.7 0.730 0.235 0.280 0.270 5268 IKHMAS 0.275 0.005 137.1 0.275 10.46 1.82 150.0 0.820 0.532 — — 8834 IREKA 0.615 — — — 18.25 3.25 114.8 1.840 1.250 1.450 1.420 4723 JAKS 1.450 0.010 1432.8 1.438 5.37 — 791.6 0.500 0.210 0.230 0.230 9083 JETSON 0.230 UNCH 1 0.230 — — 47.5 1.935 1.340 1.560 1.530 7161 KERJAYA 1.560 0.010 52.6 1.543 16.37 1.92 1,937.5 2.430 1.350 1.380 1.350 5171 KIMLUN 1.380 UNCH 119.3 1.366 6.65 4.71 442.5 1.680 1.070 — — 9628 LEBTECH 1.070 — — — 155.07 — 146.0 0.911 0.555 — — 5129 MELATI 0.605 — — — 29.66 1.65 72.6 2.560 1.110 — — 8192 MERCURY 1.200 — — — 4.03 3.33 48.2 0.575 0.250 — — 5006 MERGE 0.255 — — — — — 17.1 1.930 0.815 0.925 0.900 7595 MGB 0.925 UNCH 131.1 0.918 10.50 — 459.5 1.221 0.445 0.460 0.450 9571 MITRA 0.455 -0.005 168.2 0.458 4.53 10.55 407.7 0.380 0.170 — — 5924 MTDACPI 0.195 — — — 6.35 — 45.2 1.550 0.450 0.475 0.455 5085 MUDAJYA 0.475 0.005 209.3 0.469 — — 287.6 3.360 2.408 3.200 3.150 5703 MUHIBAH 3.180 0.020 382.1 3.166 11.03 2.20 1,533.1 0.655 0.360 0.390 0.360 7071 OCR 0.390 0.010 158 0.382 34.51 — 114.0 0.720 0.400 0.720 0.635 5622 PEB 0.640 0.010 1221 0.670 2.20 — 44.2 0.680 0.260 0.275 0.270 8311 PESONA 0.275 UNCH 304.9 0.271 11.65 3.64 191.1 0.996 0.505 0.535 0.525 5070 PRTASCO 0.530 0.005 496.9 0.531 10.21 9.57 262.6 0.200 0.115 0.140 0.135 7145 PSIPTEK 0.135 0.005 2522.5 0.137 10.89 — 47.1 4.137 2.770 2.880 2.820 9598 PTARAS 2.820 -0.060 3.8 2.868 30.65 7.09 467.7 0.960 0.440 0.545 0.540 6807 PUNCAK 0.540 0.005 53.9 0.541 — — 242.6 1.390 0.680 1.070 0.975 5205 SENDAI 1.050 0.055 6152.3 1.034 8.43 — 820.2 2.590 1.720 1.960 1.900 5263 SUNCON 1.960 0.010 314.8 1.950 18.23 3.57 2,534.1 0.365 0.225 — — 9717 SYCAL 0.250 — — — 39.06 — 104.1 0.809 0.405 0.440 0.415 5054 TRC 0.435 0.020 207.7 0.428 6.93 6.44 209.0 0.800 0.460 — — 5042 TSRCAP 0.465 — — — 10.11 — 81.1 0.200 0.110 0.130 0.125 7070 VIZIONE 0.125 UNCH 2143.7 0.125 24.04 — 462.0 1.500 0.700 0.790 0.790 3565 WCEHB 0.790 -0.025 33 0.790 57.66 — 792.2 2.075 0.671 0.835 0.805 9679 WCT 0.810 -0.005 5161.3 0.818 7.15 3.70 1,146.6 0.805 0.390 0.425 0.405 7028 ZECON 0.420 0.010 189.9 0.409 — — 55.0 0.150 0.075 0.090 0.085 2283 ZELAN 0.090 UNCH 109.4 0.087 — — 76.0TRADING SERVICES 0.450 0.325 0.365 0.360 5238 AAX 0.360 -0.005 2764.2 0.361 11.46 — 1,493.3 2.606 1.426 2.440 2.390 6599 AEON 2.420 0.010 412.9 2.420 30.83 1.65 3,397.7 0.435 0.160 0.175 0.165 7315 AHB 0.170 -0.005 160.4 0.172 2.19 — 29.9 4.576 2.808 3.200 3.090 5099 AIRASIA 3.200 0.070 6229.2 3.160 5.04 7.50 10,694.3 9.365 7.745 8.850 8.660 5014 AIRPORT 8.850 0.030 4517.3 8.828 26.84 1.47 14,683.8 0.250 0.110 0.140 0.130 5115 ALAM 0.135 UNCH 1200.1 0.134 — — 124.8 0.115 0.070 0.085 0.080 0159 AMEDIA 0.085 UNCH 416.3 0.081 22.97 — 20.4 8.465 6.788 7.800 7.800 6351 AMWAY 7.800 UNCH 0.3 7.800 25.06 2.56 1,282.2 2.319 2.020 2.100 2.100 7083 ANALABS 2.100 -0.040 10 2.100 12.64 0.48 126.1 0.055 0.005 0.015 0.010 5194 APFT 0.010 UNCH 9285.6 0.010 — — 13.4 0.950 0.670 0.735 0.715 5210 ARMADA 0.720 UNCH 5704 0.720 11.96 — 4,227.1 0.240 0.115 0.175 0.160 1481 ASB 0.175 0.010 3759.7 0.169 — 1.43 162.6 2.858 1.310 1.640 1.570 6399 ASTRO 1.610 0.020 22315.8 1.611 11.19 7.14 8,394.4 4.700 3.862 — — 7048 ATLAN 4.360 — — — 22.57 5.96 1,105.9 0.425 0.235 0.270 0.260 8885 AVI 0.265 0.010 34.1 0.262 — — 227.5 1.158 0.640 0.675 0.675 7579 AWC 0.675 0.005 7 0.675 7.82 2.96 184.1 5.820 4.070 4.800 4.660 6888 AXIATA 4.770 -0.030 7688.9 4.769 81.26 1.78 43,167.3 0.630 0.320 0.380 0.380 5021 AYS 0.380 -0.005 50 0.380 6.15 6.58 144.6 0.670 0.085 0.185 0.170 7251 BARAKAH 0.175 -0.010 31427.9 0.176 — — 144.6 2.470 1.782 2.420 2.370 5248 BAUTO 2.420 0.040 3467.2 2.394 19.98 3.18 2,811.3 0.215 0.120 — — 6998 BINTAI 0.135 — — — — — 39.1 6.077 5.568 5.610 5.610 5032 BIPORT 5.610 UNCH 0.4 5.610 19.15 3.39 2,580.6 0.415 0.270 0.330 0.315 3395 BJCORP 0.330 0.015 10485.2 0.323 — — 1,624.8 1.889 1.356 1.690 1.690 5196 BJFOOD 1.690 UNCH 4 1.690 — 2.37 645.4 0.565 0.245 0.320 0.310 4219 BJLAND 0.310 -0.005 1162.7 0.311 147.62 — 1,550.1 0.440 0.145 — — 6025 BJMEDIA 0.215 — — — — — 50.5 2.620 2.021 2.600 2.520 1562 BJTOTO 2.590 0.050 2352.2 2.578 13.24 5.79 3,499.2 0.120 0.065 0.075 0.070 7036 BORNOIL 0.075 UNCH 9526.7 0.072 46.88 — 400.5 0.660 0.240 0.280 0.270 9474 BRAHIMS 0.270 UNCH 2.5 0.276 — — 63.8 2.969 2.361 2.500 2.400 2771 BSTEAD 2.500 UNCH 144.2 2.493 10.92 4.40 5,067.5 0.620 0.260 0.300 0.280 5257 CARIMIN 0.280 -0.005 70.6 0.293 — — 65.5 2.200 1.450 — — 5245 CARING 1.680 — — — 21.48 1.79 365.7 2.490 1.810 1.920 1.830 2925 CCB 1.830 UNCH 11.1 1.895 — 2.73 184.4 0.540 0.376 — — 7209 CHEETAH 0.380 — — — — 1.58 48.5 1.374 0.730 0.830 0.825 5273 CHINHIN 0.830 UNCH 522.3 0.827 17.33 4.22 461.8 0.675 0.380 0.395 0.395 7016 CHUAN 0.395 -0.010 21.4 0.395 33.47 2.78 66.6 1.420 0.635 0.660 0.650 7117 CJCEN 0.660 0.010 69.6 0.658 19.94 2.27 260.2 0.150 0.065 0.075 0.075 5104 CNI 0.075 -0.005 184.1 0.075 — — 54.0 0.985 0.610 0.655 0.655 5136 COMPLET 0.655 0.005 1 0.655 8.62 — 81.1 0.045 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 2011.8 0.025 — — 58.7 2.722 2.000 2.380 2.360 5184 CYPARK 2.380 -0.020 1.2 2.370 10.75 2.35 630.3 0.681 0.327 0.370 0.370 5276 DANCO 0.370 -0.010 12 0.370 9.02 4.05 110.3 0.110 0.025 0.040 0.035 0091 DAYA 0.035 UNCH 556.5 0.036 — — 71.5 0.920 0.535 0.730 0.725 5141 DAYANG 0.725 UNCH 340.4 0.727 — — 699.5 1.330 0.720 — — 5132 DELEUM 1.050 — — — 12.98 4.05 421.0 0.745 0.195 0.275 0.265 7212 DESTINI 0.275 0.005 1354.2 0.267 11.46 — 317.7 3.549 1.814 3.370 3.310 7277 DIALOG 3.340 -0.020 13103.1 3.340 37.53 0.85 18,843.1 5.080 3.510 — — 5908 DKSH 4.020 — — — 11.99 2.49 633.8 0.609 0.305 0.430 0.420 4456 DNEX 0.430 0.005 3144.9 0.423 13.27 1.16 755.8 1.287 0.765 0.955 0.940 5216 DSONIC 0.955 0.005 280.1 0.951 19.18 4.19 1,289.3 0.275 0.125 0.155 0.155 2097 EASTLND 0.155 UNCH 84.6 0.155 — — 38.1 0.560 0.280 0.420 0.410 5259 EATECH 0.420 0.005 203.1 0.416 — — 211.7 0.930 0.210 0.460 0.445 5036 EDARAN 0.460 0.010 73 0.450 — — 27.6 0.470 0.115 0.295 0.290 7471 EDEN 0.290 -0.005 2772.2 0.293 — — 90.3 2.642 1.939 2.130 2.040 1368 EDGENTA 2.090 UNCH 48.3 2.095 12.71 6.22 1,738.1 0.505 0.190 0.235 0.225 0064 EFFICEN 0.230 0.010 814 0.230 — — 163.1 0.902 0.540 — — 5081 EIG 0.600 — — — 107.14 5.00 142.3 1.917 1.250 — — 5208 EITA 1.310 — — — 11.63 3.82 170.3 1.380 0.950 1.040 1.020 5056 ENGTEX 1.020 -0.020 57.2 1.024 8.56 1.47 452.2 0.543 0.430 0.500 0.500 6939 FIAMMA 0.500 -0.010 69.1 0.500 9.42 3.50 265.0 0.465 0.355 0.400 0.395 9318 FITTERS 0.400 -0.005 220 0.398 37.38 — 192.2 1.327 1.050 — — 7210 FREIGHT 1.110 — — — 9.68 4.50 206.6 0.525 0.271 0.470 0.460 0128 FRONTKN 0.470 0.005 1833.9 0.466 15.77 1.06 495.1 0.295 0.150 — — 9377 FSBM 0.200 — — — — — 28.3 2.980 2.587 2.950 2.930 5209 GASMSIA 2.940 UNCH 238.3 2.942 18.77 4.42 3,775.0 0.740 0.385 0.430 0.425 0078 GDEX 0.430 0.010 40 0.429 82.69 0.58 2,409.1 5.993 4.545 5.230 5.090 4715 GENM 5.090 -0.140 9713.9 5.112 24.12 1.77 30,224.6 9.815 8.343 8.740 8.550 3182 GENTING 8.550 -0.090 5733.9 8.627 22.41 1.70 32,986.1 0.260 0.160 — — 5079 GETS 0.165 — — — — — 20.8 4.414 1.120 1.490 1.460 3204 GKENT 1.490 UNCH 3223.1 1.476 6.75 6.38 839.3 0.500 0.330 0.340 0.340 7676 GUNUNG 0.340 -0.025 25 0.340 — — 80.3 5.495 4.534 5.000 4.990 7668 HAIO 4.990 -0.010 15.2 4.994 18.76 1.80 1,498.4 0.400 0.205 0.400 0.380 7253 HANDAL 0.400 0.015 2057.4 0.395 — — 64.0 9.890 8.567 9.890 9.620 3034 HAPSENG 9.890 0.130 937.7 9.824 22.31 3.54 24,623.0 0.870 0.620 0.750 0.750 2062 HARBOUR 0.750 -0.010 8 0.750 8.13 2.00 300.3 4.200 3.700 — — 5008 HARISON 4.050 — — — 12.84 4.94 277.4 1.910 0.445 0.835 0.750 0185 HSSEB 0.810 0.045 11098.6 0.804 21.37 0.95 401.6 0.195 0.055 0.085 0.080 7013 HUBLINE 0.085 UNCH 126 0.084 85.00 — 200.8

0.335 0.090 0.130 0.120 5255 ICON 0.125 -0.005 11518.9 0.123 — — 147.1 6.420 5.420 6.110 5.990 5225 IHH 6.100 UNCH 7405 6.098 100.99 0.49 50,280.2 0.805 0.520 — — 5614 ILB 0.750 — — — — — 146.3 0.905 0.670 — — 5673 IPMUDA 0.830 — — — — — 60.1 1.804 1.552 1.700 1.700 0058 JCBNEXT 1.700 UNCH 60 1.700 38.64 2.65 237.4 0.400 0.290 0.360 0.360 8672 KAMDAR 0.360 UNCH 10.2 0.360 15.93 — 71.3 1.805 1.440 — — 6491 KFIMA 1.540 — — — 12.67 5.84 434.6 0.900 0.595 0.835 0.800 0151 KGB 0.825 0.025 808.9 0.823 13.59 1.82 202.5 1.280 0.520 — — 5035 KNUSFOR 0.720 — — — — — 71.7 1.150 0.840 1.060 1.050 5878 KPJ 1.060 UNCH 1267 1.059 22.32 1.68 4,538.8 1.685 1.083 1.610 1.570 5843 KPS 1.600 0.020 201.7 1.585 0.64 2.66 859.8 0.880 0.485 0.605 0.600 9121 KPSCB 0.600 -0.015 202.7 0.604 5.55 — 88.7 0.185 0.090 0.110 0.105 4847 KTB 0.105 -0.010 2569 0.105 — — 42.3 0.549 0.280 0.340 0.330 6874 KUB 0.335 UNCH 151.1 0.332 5.74 4.48 186.4 0.310 0.110 — — 7170 LFECORP 0.150 — — — — — 27.9 0.835 0.450 0.535 0.535 8486 LIONFIB 0.535 UNCH 41 0.535 3.78 — 123.9 0.869 0.572 0.635 0.630 5143 LUXCHEM 0.630 UNCH 93.9 0.633 14.48 3.70 540.1 0.349 0.100 0.130 0.120 5078 M&G 0.125 UNCH 174.2 0.125 — 40.00 90.5 2.340 1.555 2.340 2.220 3859 MAGNUM 2.340 0.110 2379 2.285 14.43 5.13 3,364.3 1.087 0.812 0.895 0.875 5264 MALAKOF 0.895 0.010 1425.8 0.888 1.83 6.93 4,475.0 0.160 0.125 0.145 0.145 3514 MARCO 0.145 0.005 3 0.145 11.15 3.45 152.9 6.036 5.254 5.780 5.650 6012 MAXIS 5.780 0.010 5599 5.766 20.25 3.46 45,180.1 0.930 0.580 0.595 0.580 5077 MAYBULK 0.590 UNCH 292.3 0.588 — — 590.0 2.680 1.992 2.490 2.490 5983 MBMR 2.490 -0.010 60 2.490 — 1.20 973.3 0.975 0.250 0.540 0.510 4502 MEDIA 0.530 0.010 2464.8 0.525 — — 587.9 0.525 0.285 0.320 0.315 5090 MEDIAC 0.315 -0.005 223 0.316 — 5.43 531.5 0.739 0.240 — — 7234 MESB 0.300 — — — — — 24.6 3.978 3.100 3.700 3.680 3069 MFCB 3.700 -0.040 120.5 3.689 11.56 1.08 1,520.4 0.946 0.603 0.700 0.685 5186 MHB 0.685 -0.015 359.3 0.690 44.77 4.38 1,096.0 0.290 0.115 0.130 0.130 5166 MINDA 0.130 UNCH 64.4 0.130 — — 161.2 7.712 5.030 5.980 5.760 3816 MISC 5.830 -0.030 3461.5 5.832 16.09 5.15 26,023.9 2.500 1.350 1.450 1.420 2194 MMCCORP 1.420 -0.030 934.3 1.426 20.31 2.82 4,324.0 0.440 0.245 0.355 0.330 0059 MMODE 0.345 0.010 1148.3 0.347 — — 56.1 0.065 0.035 0.045 0.040 0043 MTRONIC 0.040 UNCH 354.7 0.040 66.67 — 38.5 0.275 0.160 0.185 0.180 3891 MUIIND 0.180 -0.005 814.2 0.183 — — 527.9 2.420 2.000 2.260 2.200 3905 MULPHA 2.260 0.050 71.9 2.256 2.29 — 722.3 3.030 0.655 0.990 0.945 0138 MYEG 0.965 0.020 42181.1 0.970 15.20 1.76 3,480.1 1.800 1.260 — — 5275 MYNEWS 1.690 — — — 50.45 0.59 1,152.8 0.910 0.310 0.360 0.360 9806 NATWIDE 0.360 0.035 20 0.360 — — 43.3 0.425 0.330 0.350 0.345 7241 NGGB 0.345 -0.005 3342 0.348 — — 158.1 0.790 0.535 — — 5533 OCB 0.555 — — — — 1.80 57.1 0.973 0.650 0.745 0.710 0172 OCK 0.745 0.035 10.2 0.727 25.87 1.34 649.2 0.180 0.105 0.115 0.110 3018 OLYMPIA 0.115 0.005 125.1 0.110 6.12 — 117.7 1.850 0.860 0.970 0.950 5260 OWG 0.955 -0.010 231.5 0.955 38.66 — 255.1 1.241 0.366 0.920 0.895 8419 PANSAR 0.905 UNCH 370.3 0.909 29.38 1.10 278.7 0.728 0.510 0.610 0.605 5125 PANTECH 0.605 UNCH 227.7 0.606 9.53 3.31 452.2 0.675 0.380 0.625 0.615 5657 PARKSON 0.620 -0.005 752.9 0.617 — — 678.2 1.300 1.100 1.220 1.210 5041 PBA 1.220 0.010 10.9 1.215 9.66 3.28 404.1 0.165 0.045 0.050 0.050 6254 PDZ 0.050 UNCH 10 0.050 — — 34.1 1.190 0.315 0.385 0.375 5133 PENERGY 0.385 0.030 171.2 0.377 — 5.19 123.9 0.660 0.180 0.210 0.200 7108 PERDANA 0.205 UNCH 1189.3 0.205 — — 159.6 0.090 0.025 0.050 0.045 0047 PERISAI 0.045 -0.005 3225.8 0.048 — — 56.7 0.420 0.170 0.220 0.215 7080 PERMAJU 0.215 -0.005 1940 0.220 — — 42.1 2.070 1.470 — — 5219 PESTECH 1.610 — — — 18.51 — 1,230.5 28.022 20.287 25.820 24.740 5681 PETDAG 25.820 0.880 970.3 25.405 23.95 2.87 25,651.0 0.250 0.030 — — 7027 PETONE 0.055 — — — 13.10 — 2.8 4.528 3.390 3.510 3.390 7081 PHARMA 3.390 -0.140 460 3.415 16.77 5.90 880.8 0.090 0.020 0.025 0.020 4464 PHB 0.025 UNCH 1728.5 0.025 — — 40.7 0.218 0.102 0.135 0.135 7201 PICORP 0.135 UNCH 115 0.135 150.00 3.70 88.8 0.350 0.200 — — 7163 PJBUMI 0.200 — — — — — 16.4 5.660 3.080 4.080 3.900 4634 POS 3.900 UNCH 3538.5 3.926 32.72 2.74 3,052.8 2.397 1.000 1.190 1.140 5204 PRESBHD 1.180 0.040 724.6 1.165 26.52 2.12 571.1 1.800 0.480 0.650 0.650 8346 PRKCORP 0.650 UNCH 3 0.650 — — 65.0 0.799 0.633 0.725 0.710 5272 RANHILL 0.725 0.005 36.8 0.716 8.61 6.90 644.0 0.313 0.207 0.255 0.250 0037 RGB 0.255 UNCH 341.7 0.251 11.23 2.75 342.9 1.265 0.734 0.960 0.930 5278 RHONEMA 0.945 -0.015 165.1 0.952 11.39 5.29 156.9 0.589 0.350 0.425 0.415 8567 SALCON 0.420 UNCH 414.3 0.420 — 2.38 284.6 1.258 0.746 1.050 1.010 5147 SAMCHEM 1.030 -0.020 857 1.020 11.26 2.91 280.2 0.295 0.115 — — 9113 SANBUMI 0.150 — — — — — 34.0 1.930 0.395 0.660 0.640 5218 SAPNRG 0.650 0.005 56822.2 0.649 — 1.54 3,894.9 2.271 1.547 1.960 1.960 0099 SCICOM 1.960 -0.030 5.1 1.960 18.33 4.59 696.7 0.403 0.100 0.120 0.115 7158 SCOMI 0.115 -0.005 9430.5 0.117 — — 125.8 0.185 0.065 0.080 0.075 7045 SCOMIES 0.075 -0.005 2459.9 0.076 — — 175.6 1.563 0.909 — — 7053 SEEHUP 1.240 — — — 113.76 2.18 99.7 0.690 0.598 0.650 0.645 9792 SEG 0.645 -0.010 60 0.645 19.03 5.43 815.6 1.570 1.075 1.500 1.490 5250 SEM 1.500 UNCH 84.6 1.499 33.26 1.80 1,850.1 3.636 1.751 3.310 3.260 5279 SERBADK 3.260 -0.010 187.7 3.288 13.74 1.99 4,787.3 3.038 2.025 2.600 2.510 4197 SIME 2.600 0.050 5802.1 2.571 42.69 7.31 17,682.2 0.720 0.600 — — 9431 SJC 0.660 — — — — 1.52 26.8 0.563 0.295 0.345 0.320 5242 SOLID 0.345 UNCH 23.1 0.322 28.99 0.99 135.2 2.048 1.000 1.190 1.160 6084 STAR 1.160 -0.020 31.3 1.185 10.05 10.34 856.7 3.079 2.020 — — 9865 SUIWAH 2.060 — — — 11.61 0.49 125.7 0.130 0.040 0.050 0.045 1201 SUMATEC 0.050 UNCH 4180.1 0.048 — — 212.6 1.882 1.440 1.610 1.580 5211 SUNWAY 1.610 0.010 1180.1 1.605 11.90 3.73 7,920.9 2.210 1.580 1.660 1.640 6521 SURIA 1.640 -0.020 149.1 1.649 9.43 3.66 472.6 0.360 0.210 0.340 0.310 5173 SYSCORP 0.340 0.020 3724.2 0.326 12.98 — 408.0 0.665 0.300 0.425 0.420 7228 T7GLOBAL 0.425 UNCH 52 0.424 47.75 — 178.3 1.456 0.722 0.790 0.770 8524 TALIWRK 0.785 0.010 84.5 0.776 31.65 10.19 949.4 2.551 1.550 1.800 1.790 5140 TASCO 1.790 0.010 15 1.793 12.18 2.51 358.0 16.120 13.430 14.500 14.300 5347 TENAGA 14.500 0.100 16093.3 14.456 10.39 4.90 82,333.6 1.295 0.810 — — 8702 TEXCHEM 0.850 — — — — 11.76 105.5 0.140 0.030 0.055 0.055 7206 THHEAVY 0.055 -0.005 2209.8 0.055 — — 61.7 6.436 3.600 3.850 3.740 4863 TM 3.850 UNCH 6369.8 3.809 16.83 5.58 14,468.0 0.920 0.730 0.750 0.745 0101 TMCLIFE 0.750 UNCH 144.4 0.750 48.08 0.23 1,302.3 1.768 0.970 1.000 0.990 8397 TNLOGIS 1.000 0.005 23.8 0.992 14.25 2.00 460.3 0.935 0.350 0.640 0.640 7218 TOCEAN 0.640 0.080 5 0.640 — — 26.2 0.937 0.661 — — 5167 TURBO 0.760 — — — 34.08 1.32 82.1 2.650 2.140 2.650 2.650 7137 UMS 2.650 0.150 0.1 2.650 19.40 2.26 107.8 1.140 0.915 0.965 0.950 7091 UNIMECH 0.950 -0.020 7.8 0.955 9.42 3.16 128.1 0.695 0.200 0.255 0.255 5754 UTUSAN 0.255 0.020 10 0.255 2.96 — 28.2 1.740 0.925 1.130 1.070 7250 UZMA 1.120 0.060 93.7 1.111 13.76 — 358.4 0.508 0.215 0.285 0.275 5243 VELESTO 0.280 0.005 15593.1 0.280 — — 2,300.4 1.240 0.750 1.030 1.030 7240 VERTICE 1.030 -0.020 0.4 1.030 — — 149.6 2.168 1.942 — — 5016 WARISAN 2.020 — — — 19.96 1.98 135.7 0.630 0.455 — — 7692 WIDETEC 0.540 — — — 12.11 — 24.2 3.815 3.052 3.490 3.420 5246 WPRTS 3.490 0.030 1807.5 3.471 18.76 4.10 11,900.9 1.300 0.850 — — 5267 XINHWA 0.900 — — — 18.75 1.11 194.4 0.060 0.005 — — 7122 YFG 0.005 — — — — — 3.0 4.740 3.266 4.740 4.610 7293 YINSON 4.740 0.090 248.1 4.691 17.65 1.27 5,180.9 1.550 0.915 1.080 1.030 4677 YTL 1.060 UNCH 41767.7 1.061 18.09 4.72 11,565.2FINANCE 4.490 3.539 4.290 4.200 2488 ABMB 4.200 -0.040 5067.2 4.227 13.17 3.64 6,502.0 15.200 11.782 14.800 14.320 5139 AEONCR 14.460 -0.240 54.9 14.487 71.94 2.84 3,606.5 2.700 2.193 2.590 2.570 5185 AFFIN 2.570 -0.020 14.8 2.580 9.21 2.72 4,993.4 15.458 10.440 — — 1163 ALLIANZ 13.360 — — — 7.57 0.90 2,348.7 4.927 3.400 3.820 3.740 1015 AMBANK 3.820 0.010 6178.3 3.810 10.15 4.61 11,514.2 1.950 0.900 — — 5088 APEX 1.030 — — — 17.05 4.85 220.0 4.461 3.760 4.090 3.980 5258 BIMB 3.980 -0.100 1.6 4.001 10.24 3.52 6,740.4 8.200 7.080 7.940 7.780 1818 BURSA 7.940 0.160 1281.8 7.854 27.77 3.23 6,401.6 7.360 5.783 6.090 5.970 1023 CIMB 5.970 -0.110 19758.9 6.020 11.81 4.19 55,913.8 0.400 0.330 0.340 0.340 2143 ECM 0.340 UNCH 20 0.340 188.89 — 151.9 1.220 1.112 1.160 1.160 5228 ELKDESA 1.160 -0.010 0.8 1.160 11.78 5.82 354.4 19.847 14.749 19.080 18.780 5819 HLBANK 19.040 0.020 1892.3 19.037 15.62 2.42 41,273.4 10.100 7.327 — — 5274 HLCAP 9.790 — — — 32.72 1.94 2,417.1 20.101 15.054 18.960 18.460 1082 HLFG 18.720 -0.080 504.1 18.685 12.51 2.14 21,481.5 1.129 0.735 0.900 0.890 3379 INSAS 0.900 UNCH 101.2 0.895 5.03 1.11 624.0 0.400 0.140 0.155 0.155 3441 JOHAN 0.155 UNCH 95 0.155 7.24 — 96.6 0.665 0.495 0.665 0.650 6483 KENANGA 0.665 0.015 358 0.656 12.74 4.51 480.6 17.500 16.140 17.160 17.140 8621 LPI 17.140 UNCH 9.8 17.154 21.63 3.50 6,828.3 0.801 0.635 — — 1198 MAA 0.650 — — — 13.60 9.23 177.8 3.410 2.810 — — 1058 MANULFE 2.860 — — — 18.90 2.80 578.8 10.725 8.808 9.630 9.520 1155 MAYBANK 9.600 UNCH 64041 9.599 13.13 5.73 105,058.5 1.380 1.010 1.210 1.180 1171 MBSB 1.190 UNCH 3808.3 1.199 11.13 2.52 7,318.4 2.840 2.190 — — 6459 MNRB 2.440 — — — 5.87 — 779.8 1.850 1.190 1.290 1.290 5237 MPHBCAP 1.290 UNCH 16 1.290 14.95 — 922.4 1.148 0.988 1.050 1.050 6009 P&O 1.050 UNCH 5.1 1.050 — 5.68 301.3 25.780 19.594 24.140 23.700 1295 PBBANK 24.040 -0.040 8090.1 24.025 16.49 2.54 93,326.6 1.716 1.060 1.530 1.510 9296 RCECAP 1.520 -0.020 204.1 1.521 5.84 2.96 541.1 5.880 4.622 5.810 5.610 1066 RHBBANK 5.810 0.100 3341.7 5.743 11.42 2.58 23,298.4 0.700 0.495 0.665 0.660 4898 TA 0.665 UNCH 1922.9 0.664 3.96 6.17 1,138.4 4.080 3.170 3.960 3.900 6139 TAKAFUL 3.900 UNCH 16.1 3.937 14.61 3.85 3,214.5 1.280 0.678 0.950 0.890 5230 TUNEPRO 0.935 0.035 3369.1 0.931 13.81 3.21 702.9PROPERTIES 0.824 0.645 0.690 0.680 1007 AMPROP 0.690 -0.010 11.6 0.689 2.98 4.35 420.4 0.420 0.300 0.325 0.325 1007PA AMPROP-PA 0.325 UNCH 0.8 0.325 — 6.15 93.8 1.640 0.900 — — 5959 AMVERTON 0.980 — — — 13.57 — 357.8 0.530 0.285 — — 7007 ARK 0.285 — — — 86.36 — 13.9 0.200 0.135 0.160 0.150 4057 ASIAPAC 0.155 UNCH 506.6 0.155 3.53 — 160.2 7.534 5.410 — — 2305 AYER 5.500 — — — 77.46 0.91 411.7 0.510 0.330 — — 6602 BCB 0.395 — — — 16.32 — 162.9 0.690 0.410 0.445 0.445 6173 BDB 0.445 -0.020 3 0.445 — 10.11 135.2 0.535 0.180 — — 9814 BERTAM 0.270 — — — 0.89 — 55.8 0.584 0.351 0.440 0.395 3239 BJASSET 0.395 -0.020 3313.9 0.419 — — 1,010.5 1.440 1.000 — — 5738 CHHB 1.340 — — — — — 369.4 1.654 1.250 1.310 1.310 6718 CRESNDO 1.310 UNCH 5 1.310 10.45 4.58 367.4 1.720 1.360 — — 5049 CVIEW 1.400 — — — 5.01 10.71 140.0 2.375 2.000 — — 5355 DAIMAN 2.010 — — — 14.45 2.74 426.5 0.640 0.400 0.450 0.415 3484 DBHD 0.450 0.025 72.9 0.435 7.00 — 143.3 0.105 0.065 0.080 0.075 7198 DPS 0.075 -0.005 430.1 0.075 — — 44.1 1.736 1.350 1.660 1.600 3417 E&O 1.660 0.060 1401.9 1.637 21.45 1.81 2,202.3 0.320 0.265 — — 3557 ECOFIRS 0.305 — — — 5.53 — 245.0 1.720 0.975 1.280 1.230 8206 ECOWLD 1.270 -0.010 819 1.256 31.59 — 3,739.3 0.845 0.475 — — 6076 ENCORP 0.630 — — — — — 185.2 3.180 2.400 — — 8613 ENRA 2.500 — — — — — 340.5

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


2 7




1.300 0.755 — — 6815 EUPE 0.815 — — — 10.88 — 104.3 0.870 0.305 0.795 0.760 7249 EWEIN 0.790 0.015 4438.9 0.782 12.31 0.63 238.3 1.140 0.930 0.945 0.935 5283 EWINT 0.940 -0.005 300.5 0.940 — — 2,256.0 0.583 0.425 — — 6041 FARLIM 0.435 — — — 20.71 4.60 61.0 0.612 0.450 0.460 0.460 5020 GLOMAC 0.460 UNCH 33 0.460 11.79 5.93 368.0 0.444 0.340 — — 9962 GMUTUAL 0.380 — — — 7.18 5.26 142.7 0.430 0.235 0.255 0.255 1147 GOB 0.255 -0.005 155 0.255 — 1.96 115.9 0.235 0.085 0.230 0.215 7077 GSB 0.220 -0.005 7850.3 0.222 — — 116.6 1.200 0.850 0.915 0.900 1503 GUOCO 0.915 UNCH 20.1 0.909 11.42 2.19 640.9 1.430 0.829 1.240 1.220 7105 HCK 1.240 0.010 84.6 1.229 100.00 — 522.3 1.210 0.410 — — 7010 HOOVER 0.670 — — — 16.38 — 26.8 1.045 0.440 0.455 0.455 5062 HUAYANG 0.455 UNCH 326.8 0.455 36.11 8.79 160.2 0.635 0.450 — — 4251 IBHD 0.490 — — — 6.39 3.84 494.2 0.900 0.450 0.510 0.510 5084 IBRACO 0.510 -0.025 0.1 0.510 19.39 5.39 253.2 0.970 0.550 0.940 0.880 9687 IDEAL 0.940 0.020 117 0.928 3.63 — 103.8 2.158 1.470 1.720 1.640 5249 IOIPG 1.640 -0.070 4668.4 1.649 11.37 3.66 9,030.1 0.435 0.245 0.300 0.290 5175 IVORY 0.290 UNCH 40 0.294 10.74 — 142.1 1.730 0.500 0.560 0.555 1589 IWCITY 0.555 UNCH 221.2 0.557 4.31 — 464.8 0.500 0.255 — — 8923 JIANKUN 0.320 — — — — — 53.4 0.120 0.080 0.090 0.090 6769 JKGLAND 0.090 0.005 50 0.090 10.11 1.11 204.7 0.095 0.055 0.080 0.075 3115 KBUNAI 0.080 0.005 73 0.075 12.70 — 462.1 1.100 0.750 — — 7323 KEN 0.830 — — — 3.17 3.01 159.1 1.300 0.845 0.865 0.855 5038 KSL 0.855 -0.005 53.6 0.862 4.32 — 887.1 0.240 0.160 0.195 0.190 3174 L&G 0.195 0.010 1352.2 0.191 6.68 — 571.5 1.211 0.820 — — 8494 LBICAP 0.825 — — — 14.15 3.64 67.8 1.108 0.766 0.915 0.905 5789 LBS 0.915 0.015 44.1 0.908 11.96 2.40 1,424.7 0.480 0.325 — — 3573 LIENHOE 0.360 — — — 94.74 — 130.2 1.590 1.000 1.140 1.100 7617 MAGNA 1.100 UNCH 18.1 1.122 30.99 — 368.4 1.590 0.980 1.140 1.120 8583 MAHSING 1.120 -0.010 1146.9 1.125 9.78 5.80 2,719.0 1.492 0.525 0.535 0.525 6181 MALTON 0.535 0.005 5308.1 0.529 2.66 4.67 282.6 2.239 1.840 2.080 2.040 5236 MATRIX 2.080 0.030 62.8 2.063 7.27 6.18 1,565.0 2.310 1.463 — — 7189 MBWORLD 1.850 — — — 5.37 1.89 291.1 1.060 0.755 — — 5182 MCT 0.830 — — — 16.50 — 1,209.3 0.510 0.330 0.455 0.430 5040 MEDAINC 0.455 0.010 25.5 0.435 — — 224.1 0.550 0.350 0.380 0.370 1694 MENANG 0.370 -0.015 85.7 0.380 25.52 — 177.9 0.605 0.245 — — 8141 MJPERAK 0.280 — — — — 7.64 72.0 2.350 1.270 1.410 1.390 6114 MKH 1.410 -0.010 43 1.397 9.88 3.55 827.0 0.290 0.160 0.255 0.240 8893 MKLAND 0.245 -0.010 140.3 0.246 15.51 — 295.8 0.175 0.060 0.105 0.105 6548 MPCORP 0.105 UNCH 10 0.105 — — 30.2 1.314 0.550 0.675 0.660 1651 MRCB 0.665 UNCH 2895.9 0.667 10.44 2.63 2,919.9 0.750 0.480 — — 9539 MUH 0.520 — — — — — 29.3 0.320 0.210 0.270 0.265 3913 MUIPROP 0.265 UNCH 511 0.265 61.63 — 202.5 1.420 0.605 0.655 0.645 5073 NAIM 0.645 -0.045 394.3 0.651 — — 161.3 2.520 2.040 — — 5827 OIB 2.200 — — — 7.23 3.18 340.7 1.062 0.920 1.010 0.990 5053 OSK 0.990 -0.010 276.6 0.999 4.88 5.22 2,074.3 2.010 1.604 1.970 1.950 1724 PARAMON 1.970 -0.010 10 1.954 1.02 4.31 843.7 0.657 0.300 0.375 0.375 6912 PASDEC 0.375 0.005 10 0.375 14.65 — 150.1 1.983 1.131 1.670 1.600 7055 PLB 1.670 -0.010 4.1 1.668 22.91 — 187.7 1.718 1.350 1.540 1.540 5075 PLENITU 1.540 UNCH 0.5 1.540 10.44 2.92 587.6 0.425 0.280 0.400 0.395 2208 PTGTIN 0.395 UNCH 155.2 0.395 — — 136.7 1.130 0.730 — — 4596 SAPRES 0.855 — — — 8.52 3.51 119.4 0.725 0.470 0.505 0.485 5207 SBCCORP 0.505 0.010 11.2 0.487 53.16 — 118.6 1.012 0.710 0.775 0.760 2224 SDRED 0.760 -0.010 0.9 0.762 3.89 3.29 323.9 0.580 0.320 — — 4286 SEAL 0.395 — — — — — 96.0 2.775 2.300 — — 6017 SHL 2.450 — — — 7.71 7.55 593.2 1.755 1.025 1.300 1.220 5288 SIMEPROP 1.240 -0.010 15244.5 1.250 1.26 3.23 8,433.0 0.275 0.170 0.205 0.200 4375 SMI 0.200 UNCH 37.7 0.203 15.63 — 42.0 0.807 0.530 — — 5213 SNTORIA 0.575 — — — 6.77 — 326.2 5.363 4.140 — — 1783 SPB 4.280 — — — 192.79 2.80 1,470.7 3.850 2.770 3.010 2.990 8664 SPSETIA 2.990 -0.010 5581.9 2.991 14.01 5.15 11,632.1 1.590 0.940 0.970 0.940 3743 SUNSURIA 0.940 -0.040 3 0.944 6.63 — 750.9 0.996 0.595 0.610 0.600 1538 SYMLIFE 0.610 -0.015 119 0.600 5.19 4.92 189.1 0.435 0.165 0.250 0.245 4022 TADMAX 0.250 0.005 301 0.250 — — 182.5 0.410 0.275 0.320 0.310 5158 TAGB 0.320 UNCH 43.9 0.318 10.49 1.88 1,702.9 0.055 0.030 0.040 0.035 2259 TALAMT 0.035 UNCH 241.5 0.035 — — 147.7 1.367 0.725 0.790 0.780 5191 TAMBUN 0.790 0.005 159.1 0.786 4.79 12.66 342.3 0.165 0.090 0.105 0.105 2429 TANCO 0.105 0.005 26 0.105 — — 70.5 0.650 0.175 0.430 0.420 7889 THRIVEN 0.425 UNCH 949.1 0.426 28.52 — 160.1 0.120 0.075 0.105 0.100 7079 TIGER 0.100 -0.005 2445.7 0.103 20.00 — 44.2 0.840 0.370 0.390 0.385 5239 TITIJYA 0.390 UNCH 305.6 0.389 4.80 0.64 524.3 1.036 0.830 0.835 0.830 5401 TROP 0.830 -0.010 352.4 0.832 6.02 1.93 1,220.4 1.272 0.690 0.750 0.720 5148 UEMS 0.750 0.030 650 0.743 13.94 1.33 3,403.1 2.710 2.300 2.560 2.540 5200 UOADEV 2.560 0.010 419.4 2.551 9.04 5.86 4,439.7 0.506 0.160 — — 6378 WMG 0.175 — — — — — 74.6 1.020 0.905 — — 7003 Y&G 0.950 — — — 34.05 — 189.4 1.510 1.300 1.360 1.350 3158 YNHPROP 1.360 -0.010 1424.5 1.359 22.41 — 719.4 1.750 1.300 1.470 1.420 7066 YONGTAI 1.450 UNCH 362.9 1.432 31.25 — 699.6 0.620 0.440 — — 2577 YTLLAND 0.450 — — — — — 380.0MINING 2.900 1.200 2.250 2.250 2186 KUCHAI 2.250 0.010 8 2.250 2.81 0.43 278.4PLANTATIONS 0.240 0.175 — — 7054 AASIA 0.200 — — — — — 132.0 19.627 17.800 — — 1899 BKAWAN 18.300 — — — 14.36 3.28 7,977.9 8.500 8.000 — — 5069 BLDPLNT 8.000 — — — 20.83 0.38 748.0 1.359 1.241 1.290 1.270 5254 BPLANT 1.280 0.010 289.1 1.283 4.57 7.53 2,867.2 0.973 0.701 0.720 0.720 8982 CEPAT 0.720 -0.005 15 0.720 7.75 2.78 229.3 8.141 6.600 — — 1929 CHINTEK 6.700 — — — 11.56 2.99 612.1 0.673 0.380 0.525 0.515 3948 DUTALND 0.520 -0.005 179.5 0.516 — — 440.0 11.340 8.329 — — 5029 FAREAST 10.500 — — — 12.82 2.38 1,484.6 2.180 1.478 1.580 1.560 5222 FGV 1.560 -0.020 8357.9 1.563 39.59 3.37 5,691.1 10.997 9.170 9.570 9.330 2291 GENP 9.510 -0.090 339.3 9.464 20.77 1.58 7,655.5 0.615 0.450 0.500 0.500 7382 GLBHD 0.500 UNCH 2 0.500 — 2.00 111.5 1.500 1.200 1.400 1.400 2135 GOPENG 1.400 UNCH 4 1.400 52.04 2.86 251.1 0.830 0.540 — — 7501 HARNLEN 0.550 — — — 13.41 — 102.0 2.637 2.220 2.290 2.290 5138 HSPLANT 2.290 -0.070 13 2.290 15.75 4.80 1,832.0 3.120 2.150 2.200 2.200 2216 IJMPLNT 2.200 UNCH 21.9 2.200 41.59 2.27 1,937.3 0.920 0.636 0.680 0.680 2607 INCKEN 0.680 -0.005 10 0.680 — 1.60 286.1 1.332 0.642 0.780 0.780 6262 INNO 0.780 UNCH 10 0.780 10.60 6.41 373.5 4.810 4.166 4.700 4.560 1961 IOICORP 4.700 0.100 13224.3 4.673 19.31 2.02 29,536.7 1.260 0.690 0.710 0.695 4383 JTIASA 0.705 0.010 157.1 0.705 — 0.71 686.5 25.980 23.461 24.940 24.680 2445 KLK 24.940 UNCH 2017.1 24.915 30.70 2.00 26,623.6 5.000 2.982 — — 2453 KLUANG 4.200 — — — 29.43 0.24 265.3 1.601 1.230 1.340 1.340 5027 KMLOONG 1.340 0.010 17.4 1.340 12.67 4.48 1,253.5 0.880 0.515 0.700 0.695 1996 KRETAM 0.695 -0.005 316.1 0.699 210.61 1.44 1,617.7 1.640 1.330 — — 6572 KWANTAS 1.360 — — — 26.25 — 423.9 1.360 0.985 — — 4936 MALPAC 1.000 — — — — — 75.0 0.891 0.691 0.710 0.710 5026 MHC 0.710 -0.020 20 0.710 8.79 2.82 139.5 2.219 1.700 — — 5047 NPC 2.000 — — — 5.38 0.50 240.0 4.129 3.501 — — 2038 NSOP 3.550 — — — 17.55 2.25 249.2 0.255 0.140 — — 1902 PINEPAC 0.155 — — — — — 23.2 1.150 0.700 — — 9695 PLS 0.720 — — — — — 235.2 0.470 0.280 0.295 0.295 5113 RSAWIT 0.295 UNCH 30 0.295 — — 418.5 3.956 3.304 3.650 3.650 2542 RVIEW 3.650 0.050 4.3 3.650 14.77 2.19 236.7 4.180 2.931 — — 2569 SBAGAN 3.380 — — — 33.80 0.59 224.2 0.680 0.420 — — 4316 SHCHAN 0.440 — — — — — 52.8 5.957 4.547 5.510 5.360 5285 SIMEPLT 5.510 0.050 24436.2 5.501 8.66 — 37,472.6 4.720 3.150 3.270 3.180 5126 SOP 3.270 0.080 354.8 3.232 9.51 1.83 1,866.8 1.833 1.455 — — 5135 SWKPLNT 1.650 — — — — 3.03 462.0 0.625 0.225 0.280 0.245 2054 TDM 0.270 0.015 32838.1 0.262 — 1.85 447.6 1.117 0.620 0.680 0.670 5112 THPLANT 0.680 UNCH 18.5 0.672 20.86 5.29 601.0 1.761 1.150 1.190 1.150 9059 TSH 1.150 -0.020 97.3 1.163 15.97 1.74 1,589.1 7.015 5.807 6.100 6.080 2593 UMCCA 6.080 -0.010 22 6.086 18.64 2.96 1,274.9 28.380 25.592 — — 2089 UTDPLT 27.800 — — — 13.97 1.44 5,786.1HOTELS 0.580 0.447 — — 5592 GCE 0.500 — — — — 4.00 98.5 0.930 0.635 0.690 0.675 1643 LANDMRK 0.690 UNCH 31 0.683 — — 364.9 0.210 0.125 0.135 0.130 1287 PMHLDG 0.135 0.005 2936.8 0.130 337.50 — 125.4 6.370 4.606 5.890 5.860 5517 SHANG 5.880 0.010 202.2 5.876 33.02 2.55 2,587.2TECHNOLOGY 0.880 0.610 — — 7031 AMTEL 0.610 — — — — — 30.4 0.350 0.160 0.180 0.180 5195 CENSOF 0.180 UNCH 183 0.180 — — 90.3 0.665 0.130 0.245 0.230 0051 CUSCAPI 0.240 0.005 4702.9 0.237 — — 206.2 0.794 0.526 0.720 0.705 7204 D&O 0.710 -0.010 391.3 0.710 31.70 1.41 737.6 0.480 0.165 0.240 0.230 8338 DATAPRP 0.240 0.010 237 0.232 — — 101.1 0.180 0.080 0.085 0.085 0029 DIGISTA 0.085 UNCH 61.8 0.085 — — 56.0 1.418 0.975 — — 5162 ECS 1.050 — — — 7.33 4.76 189.0 1.670 0.335 0.500 0.485 0065 EFORCE 0.490 -0.005 3319.3 0.495 32.03 2.55 203.1 2.861 2.220 — — 0090 ELSOFT 2.560 — — — 21.94 1.95 708.2 1.800 1.030 1.520 1.460 0021 GHLSYS 1.520 -0.010 24.9 1.485 47.65 0.33 1,101.2 0.590 0.280 0.345 0.330 0082 GPACKET 0.340 0.005 680 0.335 — — 258.0 0.280 0.190 — — 0056 GRANFLO 0.210 — — — 7.72 2.86 101.5 2.978 1.495 2.270 2.210 7022 GTRONIC 2.270 0.010 571.6 2.240 24.43 0.82 1,513.9 0.940 0.500 0.570 0.570 5028 HTPADU 0.570 0.010 20 0.570 — 8.77 57.7 2.497 1.267 2.300 2.260 0166 INARI 2.260 -0.020 4640.3 2.276 21.63 2.80 7,091.6 0.280 0.085 — — 9393 ITRONIC 0.115 — — — — — 11.8 0.608 0.275 0.300 0.290 5161 JCY 0.295 UNCH 441.3 0.294 — 10.17 612.7 22.635 13.302 17.820 17.800 9334 KESM 17.820 0.020 2.2 17.802 18.51 0.70 766.5 0.340 0.115 0.180 0.170 0143 KEYASIC 0.175 UNCH 2255.5 0.177 175.00 — 159.3 1.986 1.050 1.470 1.440 0113 MMSV 1.450 UNCH 9.4 1.443 11.15 1.38 236.4 14.136 7.426 10.480 10.300 3867 MPI 10.420 0.100 7.6 10.330 13.80 2.78 2,187.0 1.480 1.030 1.250 1.230 5011 MSNIAGA 1.240 -0.010 50 1.239 4.56 4.03 74.9 1.320 0.455 0.565 0.565 0083 NOTION 0.565 UNCH 3 0.565 — 3.98 187.8 0.590 0.385 0.440 0.410 9008 OMESTI 0.440 0.040 275.8 0.423 — — 190.5 0.325 0.225 — — 0041 PANPAGE 0.230 — — — — — 61.1 3.140 1.700 2.460 2.420 7160 PENTA 2.440 UNCH 246.7 2.435 21.52 — 772.5 0.675 0.300 0.340 0.340 9075 THETA 0.340 UNCH 5 0.340 26.36 — 36.5 0.232 0.025 0.030 0.025 0118 TRIVE 0.030 UNCH 272.8 0.028 — — 64.0 4.065 1.600 2.480 2.400 5005 UNISEM 2.420 -0.010 881.1 2.425 14.73 4.55 1,775.9 6.880 5.090 5.940 5.900 0097 VITROX 5.920 -0.020 31.5 5.930 32.83 0.76 2,783.5 0.854 0.483 0.550 0.550 0008 WILLOW 0.550 -0.005 1.7 0.550 16.82 1.82 272.8INFRASTRUCTURE PROJECT COMPANIES 4.989 4.151 4.500 4.350 6947 DIGI 4.480 -0.040 7185.9 4.475 23.37 4.24 34,832.0 5.894 3.630 4.780 4.560 6645 LITRAK 4.560 -0.070 10.5 4.651 10.52 5.48 2,407.3 9.685 7.060 8.350 8.300 5031 TIMECOM 8.350 UNCH 247.9 8.349 26.18 0.63 4,855.1

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

1.396 0.730 1.000 0.950 6742 YTLPOWR 0.975 0.015 32139.8 0.982 12.23 5.13 7,954.2CLOSED-END FUNDS 2.880 2.450 — — 5108 ICAP 2.690 — — — 280.21 — 376.6EXCHANGE TRADED FUNDS 1.155 1.105 — — 0800EA ABFMY1 1.153 — — — — 4.93 1,459.0 2.210 1.880 — — 0822EA CIMBA40 1.950 — — — — 3.49 5.3 1.845 1.460 1.700 1.700 0823EA CIMBC50 1.700 UNCH 50 1.700 — — 16.6 1.960 1.750 1.870 1.855 0820EA FBMKLCI-EA 1.855 -0.005 43.1 1.869 — 1.78 3.1 1.775 1.685 — — 0828EA GOLDETF 1.710 — — — — — 42.1 1.100 0.940 — — 0826EA METFAPA 1.075 — — — — — 19.4 0.925 0.818 — — 0825EA METFSID 0.834 — — — — 1.81 74.2 1.035 0.950 1.035 1.035 0827EA METFUS50 1.035 0.010 0.5 1.035 — — 12.5 1.250 1.060 — — 0821EA MYETFDJ 1.150 — — — — 2.08 317.3 1.190 1.050 — — 0824EA MYETFID 1.150 — — — — 2.44 56.1REITS 0.912 0.700 — — 4952 AHP 0.740 — — — 9.81 7.03 162.8 1.460 1.064 1.270 1.270 5116 ALAQAR 1.270 UNCH 0.3 1.270 10.71 4.49 924.8 0.991 0.820 — — 5269 ALSREIT 0.845 — — — 12.46 4.91 490.1 0.703 0.571 0.610 0.605 5120 AMFIRST 0.605 UNCH 28.2 0.606 36.45 6.94 415.3 0.933 0.825 0.870 0.855 5127 ARREIT 0.855 -0.015 23 0.862 3.47 6.35 490.1 1.146 1.041 — — 5130 ATRIUM 1.080 — — — 7.19 6.99 131.5 1.594 1.173 1.530 1.510 5106 AXREIT 1.530 0.010 51.8 1.528 14.81 4.76 1,885.5 1.762 0.980 1.240 1.230 5180 CMMT 1.230 -0.010 81.3 1.231 15.73 6.68 2,510.0 1.315 1.077 1.230 1.210 5121 HEKTAR 1.210 -0.020 89.2 1.212 16.03 7.93 559.0 1.710 1.432 1.690 1.650 5227 IGBREIT 1.680 -0.020 619.4 1.673 16.85 5.70 5,921.3 0.889 0.667 0.800 0.785 5280 KIPREIT 0.800 0.010 32.4 0.798 11.76 7.49 404.2 8.420 6.693 7.670 7.530 5235SS KLCC 7.530 -0.120 660 7.531 15.41 4.81 13,594.2 1.267 0.995 1.160 1.150 5123 MQREIT 1.150 UNCH 12 1.154 18.11 7.30 1,232.6 1.711 1.320 1.550 1.530 5212 PAVREIT 1.530 UNCH 412 1.530 17.96 5.39 4,642.8 1.835 1.454 1.720 1.710 5176 SUNREIT 1.720 0.040 1051.5 1.718 11.54 5.63 5,065.5 1.199 0.975 0.980 0.975 5111 TWRREIT 0.980 0.005 25.5 0.977 15.58 6.12 274.9 1.647 1.330 1.480 1.480 5110 UOAREIT 1.480 UNCH 12 1.480 10.47 5.78 625.9 1.236 1.052 1.170 1.160 5109 YTLREIT 1.160 -0.010 9.5 1.167 8.60 5.09 1,977.1SPAC 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.450 0.475 0.475 5270 RSENA 0.475 0.005 4020 0.475 — — 475.0 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 0.275 0.190 0.230 0.230 0179 BIOHLDG 0.230 0.005 79.2 0.230 17.42 0.43 186.2 0.245 0.085 0.125 0.125 0170 KANGER 0.125 -0.005 545 0.125 14.88 — 100.5 0.285 0.140 0.155 0.150 0182 LKL 0.155 0.005 30 0.153 103.33 2.26 66.5 0.400 0.200 0.215 0.215 0148 SUNZEN 0.215 -0.005 30 0.215 51.19 1.40 112.5 0.313 0.196 0.230 0.230 0197 WEGMANS 0.230 -0.010 321.4 0.230 6.34 2.17 115.0 0.085 0.030 — — 0095 XINGHE 0.045 — — — — — 115.8INDUSTRIAL PRODUCTS 0.161 0.081 0.095 0.090 0105 ASIAPLY 0.095 Unch 70.8 0.094 55.88 5.26 41.9 0.130 0.060 0.065 0.065 0072 AT 0.065 0.005 180.9 0.065 — — 27.4 0.445 0.220 0.235 0.230 0163 CAREPLS 0.235 Unch 308 0.233 — — 119.0 0.300 0.145 0.160 0.145 0102 CONNECT 0.160 0.005 220 0.154 — — 52.6 0.433 0.240 0.275 0.275 0190 ESAFE 0.275 -0.005 1.8 0.275 — — 66.2 0.432 0.160 0.210 0.210 0100 ESCERAM 0.210 -0.005 10 0.210 20.00 2.86 43.2 0.370 0.170 — — 0175 HHGROUP 0.195 — — — — — 60.2 0.135 0.085 — — 0160 HHHCORP 0.095 — — — 38.00 — 31.7 0.355 0.220 — — 0188 HLT 0.235 — — — — — 120.3 0.555 0.290 0.305 0.300 0162 IJACOBS 0.305 0.005 404.9 0.300 — — 42.1 0.149 0.065 0.080 0.080 0024 JAG 0.080 Unch 3789.1 0.080 12.31 2.38 110.2 0.250 0.135 0.140 0.140 0025 LNGRES 0.140 -0.005 295 0.140 56.00 — 33.9 0.115 0.045 0.060 0.055 0070 MQTECH 0.060 Unch 825 0.059 — — 29.9 0.848 0.430 0.660 0.635 0049 OCNCASH 0.650 0.015 77.3 0.649 14.10 1.23 145.0 0.430 0.190 — — 0038 PTB 0.230 — — — — — 34.6 0.175 0.080 0.125 0.105 0133 SANICHI 0.110 0.005 40346.1 0.115 — — 40.7 0.045 0.025 — — 0109 SCBUILD 0.025 — — — 20.83 — 22.1 0.460 0.155 0.380 0.380 0001 SCOMNET 0.380 Unch 60 0.380 34.86 — 244.3 0.270 0.130 0.155 0.155 0028 SCOPE 0.155 Unch 10 0.155 29.25 3.23 86.9 0.210 0.105 0.130 0.130 0055 SERSOL 0.130 -0.005 50 0.130 — — 28.0 0.864 0.257 0.425 0.415 0084 TECFAST 0.425 -0.005 21 0.425 29.31 2.07 97.0TECHNOLOGY 0.597 0.263 0.385 0.365 0181 AEMULUS 0.375 0.005 1766.3 0.378 28.20 — 205.7 0.430 0.175 0.220 0.210 0119 APPASIA 0.210 Unch 266 0.210 21.65 — 72.5 0.535 0.120 0.295 0.280 0068 ASDION 0.290 Unch 6820.4 0.288 — — 33.7 1.450 0.580 1.250 1.220 0098 BAHVEST 1.240 Unch 517.7 1.239 12.50 — 754.3 0.644 0.355 0.485 0.475 0195 BINACOM 0.485 0.010 1128.5 0.481 — 1.03 126.1 0.707 0.546 0.610 0.590 0191 CABNET 0.610 0.050 140.5 0.606 16.90 2.13 79.3 0.250 0.040 0.140 0.130 0152 DGB 0.135 0.005 30726.7 0.139 96.43 — 102.1 0.160 0.030 0.085 0.075 0131 DGSB 0.075 -0.005 4771.3 0.080 — — 101.7 0.053 0.030 0.030 0.030 0154 EAH 0.030 Unch 285.4 0.030 75.00 — 152.2 0.215 0.050 0.070 0.065 0107 EDUSPEC 0.065 Unch 2815.5 0.066 — — 65.1 0.310 0.120 0.140 0.140 0116 FOCUS 0.140 -0.005 100 0.140 73.68 — 285.8 1.750 0.900 — — 0104 GENETEC 1.200 — — — 10.10 — 47.4 0.095 0.035 0.085 0.075 0045 GNB 0.085 Unch 5753.4 0.080 — — 24.5 0.195 0.100 — — 0074 GOCEAN 0.130 — — — — — 37.7 0.100 0.035 0.050 0.045 0174 IDMENSN 0.045 -0.005 3007.8 0.045 — — 24.5 0.428 0.246 0.285 0.280 0023 IFCAMSC 0.280 Unch 232.8 0.280 20.59 1.79 170.3 0.145 0.055 0.065 0.065 0094 INIX 0.065 -0.005 0.1 0.065 — — 16.8 0.245 0.115 0.140 0.130 0010 IRIS 0.135 0.005 21278.9 0.132 — — 333.7 1.450 0.590 0.715 0.690 0146 JFTECH 0.715 -0.015 18.5 0.714 21.03 1.68 150.1 1.686 0.696 1.070 1.020 0127 JHM 1.050 0.020 1409.9 1.043 18.68 0.84 585.5 0.230 0.130 0.175 0.165 0111 K1 0.170 Unch 167.1 0.169 — — 88.3 0.265 0.060 0.080 0.075 0036 KGROUP 0.080 -0.005 396.6 0.080 — — 37.7 1.280 0.430 0.620 0.595 0176 KRONO 0.610 0.005 799.3 0.608 13.77 — 221.2 0.395 0.135 0.165 0.140 0018 LAMBO 0.150 0.010 16313.6 0.154 16.13 — 313.5 0.180 0.070 0.090 0.085 0017 M3TECH 0.090 Unch 632.1 0.086 — — 52.8 0.690 0.230 0.360 0.345 0075 MEXTER 0.360 0.010 51.1 0.359 — — 94.4 0.520 0.235 — — 0155 MGRC 0.245 — — — — — 25.4 1.160 0.335 — — 0126 MICROLN 0.445 — — — — — 74.5 0.574 0.275 0.295 0.285 0112 MIKROMB 0.290 Unch 134.2 0.288 13.36 5.17 125.0 0.465 0.045 0.055 0.050 0085 MLAB 0.055 0.005 310.1 0.050 — — 36.9 0.275 0.160 0.240 0.235 0034 MMAG 0.235 -0.010 285 0.240 — — 109.0 0.130 0.055 0.070 0.070 0103 MNC 0.070 Unch 303.9 0.070 — — 33.5 0.295 0.160 0.170 0.165 0156 MPAY 0.165 Unch 75.4 0.166 — — 117.2 0.684 0.100 0.110 0.110 0092 MTOUCHE 0.110 -0.005 20 0.110 275.00 — 55.9 1.280 0.670 1.280 1.230 0108 N2N 1.260 0.030 1853.1 1.261 22.03 2.38 753.3 0.070 0.020 0.030 0.025 0020 NETX 0.025 Unch 5064.4 0.025 19.23 — 67.1 0.070 0.030 0.040 0.035 0096 NEXGRAM 0.040 0.005 3039.9 0.038 — — 78.0 0.150 0.070 0.130 0.115 0026 NOVAMSC 0.130 0.010 19703.1 0.127 — — 88.8 1.170 0.325 0.895 0.865 0035 OPCOM 0.880 0.005 2752.6 0.880 69.29 4.55 141.9 0.368 0.260 0.270 0.270 0040 OPENSYS 0.270 Unch 12.7 0.270 10.63 3.70 80.4 0.291 0.070 0.080 0.080 0079 ORION 0.080 Unch 1018.2 0.080 — — 47.9 0.200 0.090 0.105 0.105 0123 PRIVA 0.105 0.005 434.6 0.105 — — 58.6 0.944 0.610 0.660 0.660 0106 REXIT 0.660 -0.010 10.5 0.660 15.07 4.55 125.0 0.430 0.185 0.225 0.225 0178 SEDANIA 0.225 0.010 0.1 0.225 40.91 4.44 50.8 0.135 0.065 0.070 0.070 0060 SKH 0.070 Unch 2190 0.070 77.78 — 42.7 0.280 0.100 0.110 0.100 0169 SMTRACK 0.110 0.005 1720 0.103 — — 15.8 0.334 0.135 0.150 0.150 0093 SOLUTN 0.150 Unch 30 0.150 5.75 6.67 46.0 0.285 0.120 0.205 0.200 0129 SRIDGE 0.200 -0.005 387 0.203 — — 24.2 0.470 0.205 0.240 0.235 0050 SYSTECH 0.240 0.010 48 0.236 60.00 1.25 83.4 0.170 0.115 0.130 0.125 0132 TDEX 0.125 0.005 1075 0.125 104.17 — 67.9 0.580 0.055 0.345 0.325 0005 UCREST 0.340 0.010 4845.4 0.337 11.11 — 157.8 0.965 0.290 0.430 0.415 0120 VIS 0.430 0.015 55.9 0.424 12.01 0.77 72.5 0.160 0.055 0.060 0.055 0069 VIVOCOM 0.060 0.005 2033.8 0.056 17.14 — 203.9 0.155 0.090 0.125 0.115 0066 VSOLAR 0.120 Unch 13001.6 0.125 — — 46.3 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.275 0.120 0.140 0.140 0086 YGL 0.140 0.005 28 0.140 — — 32.5TRADING SERVICES 0.300 0.210 — — 0122 AIM 0.240 — — — — — 63.9 0.165 0.070 — — 0048 ANCOMLB 0.080 — — — — — 37.9 0.210 0.140 0.170 0.160 0187 BCMALL 0.170 0.005 2734.2 0.165 13.08 — 71.6 0.337 0.207 — — 0011 BTECH 0.280 — — — 17.50 5.71 70.6 0.235 0.070 0.100 0.090 0150 FINTEC 0.095 0.005 29584 0.095 0.84 — 56.0 0.270 0.150 — — 0157 FOCUSP 0.200 — — — — 5.00 33.0 0.720 0.430 0.605 0.575 0039 GFM 0.600 0.025 3169.4 0.593 23.72 1.53 256.9 0.880 0.570 — — 0147 INNITY 0.640 — — — 23.97 — 88.6 0.324 0.200 0.290 0.285 0193 KAB 0.285 Unch 1517 0.285 10.59 3.51 91.2 0.275 0.125 0.135 0.135 0180 KTC 0.135 Unch 149.1 0.135 — — 68.9 0.325 0.115 — — 0167 MCLEAN 0.115 — — — — — 20.6 0.375 0.155 — — 0081 MEGASUN 0.215 — — — 14.93 — 47.2 0.225 0.135 — — 0153 OVERSEA 0.170 — — — — — 41.9 0.310 0.115 0.130 0.120 0022 PARLO 0.130 0.005 153.1 0.122 0.86 — 47.3 0.200 0.115 0.135 0.130 0177 PASUKGB 0.135 0.005 14.9 0.130 103.85 — 109.6 0.480 0.280 0.365 0.355 0006 PINEAPP 0.355 -0.010 9.7 0.356 77.17 — 17.2 0.364 0.235 0.270 0.270 0171 PLABS 0.270 Unch 40 0.270 14.14 2.22 58.0 0.350 0.235 0.265 0.260 0186 PTRANS 0.265 0.005 2040.2 0.262 10.69 3.21 349.1 0.355 0.095 0.200 0.190 0007 PUC 0.200 0.010 5621.7 0.196 — — 318.3 0.245 0.165 0.180 0.175 0196 QES 0.180 Unch 100 0.178 7.26 — 136.5 0.530 0.210 0.260 0.245 0032 REDTONE 0.260 0.005 87 0.251 — — 197.1 0.635 0.230 0.255 0.255 0173 REV 0.255 0.005 19.4 0.255 0.71 — 34.3 0.693 0.452 0.525 0.500 0158 SCC 0.510 Unch 16.4 0.512 12.14 6.47 72.0 0.245 0.165 — — 0161 SCH 0.175 — — — 32.41 — 72.1 0.265 0.135 0.160 0.150 0117 SMRT 0.155 0.005 309.2 0.153 0.59 — 62.6 0.315 0.140 0.230 0.230 0140 STERPRO 0.230 0.010 15 0.230 — — 73.9 0.300 0.134 0.270 0.260 0080 STRAITS 0.270 Unch 358.3 0.265 28.13 — 99.3 0.907 0.630 0.685 0.680 0089 TEXCYCL 0.685 Unch 35.3 0.683 14.04 1.46 175.5 0.230 0.125 0.145 0.135 0145 TFP 0.135 Unch 1245.3 0.139 — — 27.7 0.575 0.440 0.450 0.445 0199 TRIMODE 0.445 -0.010 51.9 0.449 10.55 — 73.9 0.135 0.065 0.070 0.065 0165 XOX 0.070 Unch 5739.3 0.070 — — 69.5FINANCE 0.888 0.492 — — 0053 OSKVI 0.530 — — — 40.46 9.43 104.7

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

MONDAY JUNE 18, 2018 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.515 0.005 0.005 0.005 70312 A50CHIN-C12 0.005 Unch 70 0.621 8.656 1,296 28/06/2018 0.195 0.015 — — 70314 A50CHIN-C14 0.015 — — 1.474 10.438 609.70 27/09/2018 0.230 0.135 0.135 0.135 5238WA AAX-WA 0.135 Unch 1194.6 0.360 0.460 65.28 08/06/2020 0.100 0.080 0.080 0.080 2488CW ABMB-CW 0.080 Unch 20 4.200 4.300 14.76 31/10/2018 0.105 0.035 0.045 0.045 7146WA AEM-WA 0.045 Unch 80.3 0.175 0.250 68.57 17/12/2019 0.260 0.170 0.240 0.225 6599CL AEON-CL 0.235 0.010 742 2.420 2.180 14.36 22/11/2018 0.180 0.125 0.130 0.130 509963 AIRASIAC63 0.130 -0.005 711.8 3.200 3.880 33.44 30/11/2018 0.105 0.070 0.070 0.070 509964 AIRASIAC64 0.070 Unch 501.2 3.200 4.880 59.06 30/11/2018 0.100 0.055 0.075 0.075 509965 AIRASIAC65 0.075 Unch 10 3.200 3.600 19.53 28/02/2019 0.145 0.050 0.070 0.065 5014CY AIRPORT-CY 0.065 -0.010 80 8.850 9.500 11.75 03/09/2018 0.140 0.060 0.105 0.100 5014CZ AIRPORT-CZ 0.100 -0.005 30.4 8.850 9.000 9.04 31/01/2019 0.070 0.040 0.065 0.055 9954WB AKNIGHT-WB 0.060 0.005 3245.8 0.105 0.100 52.38 14/05/2023 0.295 0.025 0.035 0.030 1015C5 AMBANK-C5 0.030 Unch 555 3.820 4.300 14.53 28/09/2018 0.110 0.005 — — 1015C6 AMBANK-C6 0.005 — — 1.184 5.200 340.67 17/08/2018 0.150 0.075 0.125 0.115 1015C9 AMBANK-C9 0.115 -0.020 585 3.820 3.900 11.13 18/10/2018 0.105 0.010 — — 9342WA ANZO-WA 0.015 — — 0.055 0.250 381.82 19/11/2019 0.130 0.030 — — 9342WB ANZO-WB 0.030 — — 0.055 0.250 409.09 25/08/2023 0.070 0.020 — — 9342WC ANZO-WC 0.025 — — 0.055 0.200 309.09 18/06/2020 0.030 0.005 — — 5194WA APFT-WA 0.005 — — 0.010 0.400 3,950 13/07/2018 0.315 0.095 0.125 0.125 0119WA APPASIA-WA 0.125 -0.005 150 0.210 0.130 21.43 23/12/2024 0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.285 1.000 282.46 30/06/2021 0.280 0.015 0.015 0.015 521029 ARMADA-C29 0.015 Unch 300 0.720 0.750 5.73 29/06/2018 0.210 0.010 0.015 0.010 521030 ARMADA-C30 0.010 -0.015 150 0.720 0.750 5.56 29/06/2018 0.120 0.010 0.010 0.010 521033 ARMADA-C33 0.010 Unch 101.1 0.720 0.800 13.61 24/07/2018 0.140 0.020 0.020 0.020 521035 ARMADA-C35 0.020 -0.010 109 0.720 0.850 21.11 31/07/2018 0.145 0.050 0.055 0.055 521039 ARMADA-C39 0.055 -0.010 910 0.720 0.880 29.86 31/01/2019 0.170 0.020 0.070 0.060 0068WB ASDION-WB 0.070 Unch 818.7 0.290 0.500 96.55 24/03/2019 0.075 0.035 0.040 0.035 0105WB ASIAPLY-WB 0.040 -0.005 219.9 0.095 0.100 47.37 12/12/2022 0.140 0.005 — — 6399C5 ASTRO-C5 0.005 — — 0.664 2.900 337.88 31/07/2018 0.075 0.005 — — 6399C6 ASTRO-C6 0.005 — — 0.780 3.100 298.72 25/06/2018 0.130 0.020 0.055 0.050 6399C7 ASTRO-C7 0.055 0.005 181.8 1.610 2.400 55.90 22/10/2018 0.045 0.005 — — 0072WA AT-WA 0.015 — — 0.065 0.270 338.46 28/01/2019 0.185 0.170 0.185 0.170 688826 AXIATA-C26 0.170 -0.015 1010 4.770 4.400 10.06 13/12/2018 1.110 0.180 0.900 0.890 0098WA BAHVEST-WA 0.895 0.015 466.1 1.240 0.870 42.34 20/08/2024 0.370 0.240 0.365 0.340 4162CK BAT-CK 0.340 -0.015 46 35.100 30.000 14.53 30/11/2018 0.315 0.290 0.305 0.300 4162CL BAT-CL 0.300 -0.015 320 35.100 35.200 24.22 13/12/2018 0.270 0.050 0.200 0.195 5248CT BAUTO-CT 0.200 0.010 116.2 2.420 2.100 -0.83 31/07/2018 0.090 0.035 0.080 0.075 5248CV BAUTO-CV 0.075 Unch 213.6 2.420 2.300 4.34 03/09/2018 0.115 0.065 0.110 0.105 5248CW BAUTO-CW 0.105 Unch 151.4 2.420 2.300 8.06 22/10/2018 0.115 0.035 0.045 0.035 5258CW BIMB-CW 0.045 0.005 200 3.980 4.500 17.59 21/09/2018 0.385 0.200 0.235 0.230 5258WA BIMB-WA 0.230 -0.010 31.3 3.980 4.720 24.37 04/12/2023 0.150 0.090 0.150 0.115 3239WB BJASSET-WB 0.125 -0.005 22865.8 0.395 0.350 20.25 10/06/2023 0.095 0.010 0.010 0.010 3395C5 BJCORP-C5 0.010 Unch 100 0.330 0.350 9.09 24/07/2018 0.065 0.005 0.015 0.015 3395C7 BJCORP-C7 0.015 Unch 470 0.330 0.385 21.21 24/08/2018 0.110 0.060 0.080 0.080 3395C9 BJCORP-C9 0.080 Unch 70 0.330 0.280 9.09 22/11/2018 0.130 0.065 0.080 0.075 3395WB BJCORP-WB 0.075 -0.005 857.3 0.330 1.000 225.76 22/04/2022 0.155 0.080 0.110 0.105 3395WC BJCORP-WC 0.110 Unch 1744.9 0.330 1.000 236.36 29/05/2026 0.175 0.175 0.175 0.175 1562CV BJTOTO-CV 0.175 0.025 50 2.590 2.450 13.51 13/12/2018 0.135 0.015 — — 9938WB BRIGHT-WB 0.015 — — 0.190 0.650 250.00 12/01/2019 0.100 0.020 — — 7188WA BTM-WA 0.040 — — 0.150 0.940 553.33 20/12/2019 0.355 0.055 0.260 0.260 181814 BURSA-C14 0.260 -0.055 66.8 7.940 6.667 -2.94 29/06/2018 0.235 0.090 0.160 0.155 181816 BURSA-C16 0.155 -0.010 320 7.940 7.867 6.89 28/09/2018 0.145 0.085 0.130 0.125 181818 BURSA-C18 0.125 -0.005 1938.1 7.940 8.100 8.31 28/02/2019 0.215 0.195 0.195 0.195 181819 BURSA-C19 0.195 -0.010 250 7.940 7.550 8.60 13/12/2018 0.790 0.380 0.405 0.405 7154WA CAELY-WA 0.405 0.005 4.3 0.820 0.380 -4.27 22/04/2021 0.185 0.030 0.035 0.030 102329 CIMB-C29 0.030 -0.010 562 5.970 6.380 10.89 31/07/2018 0.350 0.005 0.005 0.005 102330 CIMB-C30 0.005 -0.055 113 0.505 6.700 1,229 29/06/2018 0.190 0.040 0.050 0.045 102331 CIMB-C31 0.045 -0.005 1430 5.970 7.000 21.78 21/09/2018 0.195 0.075 0.085 0.080 102333 CIMB-C33 0.080 -0.005 5102.5 5.970 6.800 21.94 31/10/2018 0.140 0.130 0.140 0.130 102336 CIMB-C36 0.130 -0.010 1714.1 5.970 6.100 17.42 31/12/2018 0.205 0.055 0.065 0.055 0102WA CONNECT-WA 0.065 Unch 2016.9 0.160 0.100 3.13 17/09/2021 0.810 0.280 0.475 0.460 8125WB DAIBOCI-WB 0.460 0.040 0.2 2.100 2.500 40.95 19/06/2022 0.025 0.010 0.015 0.010 7179WB DBE-WB 0.015 Unch 20 0.035 0.050 85.71 22/01/2022 0.220 0.060 0.070 0.070 3484WA DBHD-WA 0.070 -0.010 0.8 0.450 0.580 44.44 27/11/2020 0.395 0.135 0.330 0.330 727724 DIALOG-C24 0.330 Unch 27 3.340 2.400 1.50 23/08/2018 0.285 0.115 0.220 0.220 727726 DIALOG-C26 0.220 -0.010 40 3.340 2.780 2.99 28/09/2018 0.605 0.215 0.470 0.465 727728 DIALOG-C28 0.465 -0.015 25 3.340 2.750 3.22 31/12/2018 0.250 0.170 0.195 0.195 727730 DIALOG-C30 0.195 -0.005 326 3.340 3.300 16.32 30/11/2018 0.225 0.150 0.210 0.210 727731 DIALOG-C31 0.210 -0.005 260 3.340 3.500 23.65 21/12/2018 0.180 0.170 0.170 0.170 727732 DIALOG-C32 0.170 -0.005 550 3.340 3.500 20.06 13/12/2018 0.160 0.015 — — 694721 DIGI-C21 0.015 — — 1.688 5.000 197.54 31/07/2018 0.115 0.005 0.005 0.005 694722 DIGI-C22 0.005 -0.045 145 0.448 5.150 1,051 25/06/2018 0.115 0.040 — — 0029WB DIGISTA-WB 0.040 — — 0.085 0.260 252.94 04/04/2023 0.330 0.100 0.145 0.140 4456WD DNEX-WD 0.140 Unch 1796.1 0.430 0.500 48.84 30/07/2021 0.095 0.025 — — 5265WA DOLPHIN-WA 0.040 — — 0.120 0.800 600.00 29/03/2021 0.340 0.125 0.200 0.145 7169WA DOMINAN-WA 0.200 Unch 11 1.290 1.300 16.28 10/09/2020 0.060 0.035 0.045 0.045 7198WB DPS-WB 0.045 Unch 90 0.075 0.100 93.33 15/01/2025 0.380 0.055 0.095 0.090 161946 DRBHCOMC46 0.090 -0.010 865.1 1.850 1.650 3.78 27/07/2018 0.280 0.045 0.060 0.055 161947 DRBHCOMC47 0.055 -0.005 955.6 1.850 2.400 37.76 28/09/2018 0.300 0.035 0.045 0.040 161948 DRBHCOMC48 0.045 -0.005 225 1.850 2.200 27.43 21/09/2018 0.200 0.020 0.025 0.025 161953 DRBHCOMC53 0.025 -0.005 550 1.850 2.500 40.54 28/09/2018 0.155 0.005 0.005 0.005 161954 DRBHCOMC54 0.005 Unch 10 0.985 3.100 216.50 13/08/2018 0.105 0.055 0.070 0.070 161956 DRBHCOMC56 0.070 Unch 30 1.850 2.280 38.38 31/01/2019 0.210 0.145 0.170 0.170 161957 DRBHCOMC57 0.170 Unch 200 1.850 1.800 24.86 21/12/2018 0.125 0.085 0.105 0.105 5216C9 DSONIC-C9 0.105 Unch 13 0.955 0.900 16.23 31/10/2018 0.125 0.050 0.100 0.090 341712 E&O-C12 0.100 0.015 250.2 1.660 1.550 5.42 23/08/2018 0.225 0.060 0.110 0.080 3417WB E&O-WB 0.110 0.030 50.5 1.660 2.600 63.25 21/07/2019 0.030 0.005 0.005 0.005 0154WB EAH-WB 0.005 Unch 595 0.030 0.090 216.67 24/02/2019 0.160 0.065 0.080 0.080 3557WC ECOFIRS-WC 0.080 -0.010 30 0.305 0.300 24.59 10/09/2019 0.155 0.015 0.035 0.030 5253CM ECONBHD-CM 0.035 Unch 1730 0.740 1.000 43.65 18/10/2018 0.590 0.135 0.205 0.185 5253WA ECONBHD-WA 0.190 -0.010 1981.8 0.740 1.250 94.59 02/01/2023 0.120 0.010 0.050 0.050 8206CM ECOWLD-CM 0.050 -0.010 10 1.270 1.350 16.14 31/07/2018 0.005 — — — 8206CN ECOWLD-CN 0.005 — — 0.112 1.650 1,383 25/06/2018 0.085 0.010 0.015 0.010 0107WA EDUSPEC-WA 0.010 Unch 405 0.065 0.180 192.31 24/12/2018 1.360 0.115 0.165 0.160 0065WA EFORCE-WA 0.160 -0.010 2654.5 0.490 0.340 2.04 17/07/2019 0.515 0.185 0.200 0.200 8907WC EG-WC 0.200 0.010 20 0.495 0.500 41.41 03/11/2020 0.030 0.005 — — 7182WA EKA-WA 0.005 — — 0.065 0.200 215.38 22/01/2019 0.950 0.190 0.280 0.275 8877WB EKOVEST-WB 0.280 0.005 115.8 0.625 0.480 21.60 25/06/2019 0.335 0.175 0.205 0.205 5283WA EWINT-WA 0.205 -0.005 0.8 0.940 1.450 76.06 02/04/2022 0.570 0.100 0.120 0.110 7047WB FAJAR-WB 0.120 0.005 81.6 0.415 0.700 97.59 24/09/2019 0.275 0.030 0.040 0.035 06503K FBMKLCI-C3K 0.035 -0.010 299.5 1,749 1,750 1.05 29/06/2018 0.160 0.025 0.030 0.030 06503N FBMKLCI-C3N 0.030 -0.005 114 1,497 1,830 23.22 31/07/2018 0.150 0.030 0.035 0.030 06503O FBMKLCI-C3O 0.030 -0.010 196.7 1,309 1,850 42.40 30/08/2018 0.520 0.095 0.120 0.120 06503P FBMKLCI-C3P 0.120 Unch 30 1,761 1,890 8.64 30/08/2018 0.740 0.175 0.235 0.210 06503Q FBMKLCI-C3Q 0.210 -0.040 2010.2 1,761 1,810 5.12 30/08/2018 0.185 0.035 0.035 0.035 06503R FBMKLCI-C3R 0.035 -0.005 40 1,749 1,875 8.19 28/09/2018 0.580 0.220 0.265 0.260 06503S FBMKLCI-C3S 0.260 -0.005 900 1,761 1,900 10.80 31/10/2018 0.555 0.355 0.420 0.405 06503T FBMKLCI-C3T 0.405 -0.030 1817 1,761 1,820 7.90 31/10/2018 1.220 0.570 0.655 0.635 06503U FBMKLCI-C3U 0.635 -0.035 235 1,761 1,740 5.97 31/10/2018 0.225 0.070 0.080 0.070 06503V FBMKLCI-C3V 0.075 Unch 1143 1,761 1,800 4.30 31/10/2018 0.140 0.060 0.070 0.070 06503W FBMKLCI-C3W 0.070 -0.005 10 1,761 1,928 13.01 31/01/2019 0.085 0.055 0.060 0.060 06503X FBMKLCI-C3X 0.060 -0.005 971.9 1,761 1,825 5.29 30/11/2018 0.395 0.380 0.380 0.380 06503Y FBMKLCI-C3Y 0.380 -0.015 20 1,761 1,790 8.07 31/12/2018 0.205 0.025 0.035 0.025 06504M FBMKLCI-H4M 0.035 0.010 3807.1 1,746 1,750 1.21 29/06/2018 0.245 0.060 0.180 0.165 06504P FBMKLCI-H4P 0.175 0.020 3338.4 1,761 1,830 8.84 31/07/2018 0.300 0.085 0.230 0.205 06504Q FBMKLCI-H4Q 0.230 0.020 673.1 1,761 1,850 11.54 30/08/2018 0.545 0.215 0.395 0.380 06504R FBMKLCI-H4R 0.390 0.025 585.5 1,761 1,760 4.33 30/08/2018 0.360 0.130 0.285 0.275 06504T FBMKLCI-H4T 0.285 0.015 140 1,761 1,875 14.52 28/09/2018 0.815 0.495 0.700 0.695 06504V FBMKLCI-H4V 0.695 0.015 86 1,761 1,800 10.07 31/10/2018 0.975 0.645 0.975 0.975 06504W FBMKLCI-H4W 0.975 0.080 1.5 1,761 1,880 17.78 31/10/2018 0.255 0.060 0.180 0.165 06504X FBMKLCI-H4X 0.180 0.020 664.2 1,761 1,800 7.28 31/10/2018 0.240 0.135 0.210 0.200 06504Y FBMKLCI-H4Y 0.200 Unch 1343 1,761 1,888 16.25 31/01/2019 0.295 0.115 0.250 0.235 06504Z FBMKLCI-H4Z 0.250 0.015 290 1,761 1,825 10.69 30/11/2018 0.355 0.345 0.350 0.350 06506A FBMKLCI-H6A 0.350 0.005 1000 1,761 1,690 1.89 31/12/2018 0.315 0.025 0.030 0.025 522239 FGV-C39 0.030 Unch 324.2 1.560 1.750 15.54 31/07/2018 0.215 0.035 0.035 0.035 522242 FGV-C42 0.035 -0.005 1600.2 1.560 1.900 27.85 28/09/2018 0.145 0.030 0.035 0.035 522248 FGV-C48 0.035 -0.005 80 1.560 2.100 39.10 30/11/2018 0.155 0.060 0.070 0.065 522249 FGV-C49 0.070 0.005 80 1.560 1.650 19.23 31/10/2018 0.240 0.130 0.135 0.130 522250 FGV-C50 0.135 -0.005 660 1.560 1.400 15.71 21/12/2018 0.125 0.065 0.065 0.065 522251 FGV-C51 0.065 -0.005 20 1.560 2.180 50.16 30/11/2018 0.110 0.060 0.090 0.075 522252 FGV-C52 0.090 0.015 1057.8 1.560 1.900 30.45 28/02/2019 0.090 0.015 0.035 0.030 0150WA FINTEC-WA 0.030 0.005 721 0.095 0.300 247.37 19/04/2024 0.105 0.025 0.045 0.040 0150WB FINTEC-WB 0.045 Unch 466.1 0.095 0.150 105.26 03/12/2022 0.105 0.025 0.045 0.045 9318WB FITTERS-WB 0.045 Unch 15 0.400 1.000 161.25 12/10/2019 0.685 0.180 0.245 0.230 9261WB GADANG-WB 0.245 0.005 405.5 0.750 1.060 74.00 29/11/2021 0.230 0.005 0.005 0.005 539843 GAMUDA-C43 0.005 -0.010 110 1.167 5.000 329.95 31/07/2018 0.210 0.005 — — 539844 GAMUDA-C44 0.005 — — 1.424 5.000 252.35 25/06/2018 0.225 0.015 0.025 0.025 539847 GAMUDA-C47 0.025 Unch 100 3.500 5.000 45.00 31/12/2018 0.075 0.015 0.025 0.025 539848 GAMUDA-C48 0.025 Unch 100 3.500 5.300 55.71 31/01/2019 1.410 0.410 0.515 0.500 5398WE GAMUDA-WE 0.505 -0.010 604.4 3.500 4.050 30.14 06/03/2021 0.770 0.010 0.065 0.050 5226WA GBGAQRS-WA 0.065 Unch 9402 1.220 1.300 11.89 20/07/2018 0.070 0.020 0.030 0.030 0078CM GDEX-CM 0.030 Unch 28 0.430 0.580 43.95 31/10/2018 0.135 0.030 0.035 0.035 471533 GENM-C33 0.035 -0.010 80 5.090 6.000 19.94 31/10/2018 0.145 0.050 0.075 0.070 471536 GENM-C36 0.070 -0.010 570 5.090 5.600 16.62 28/09/2018 0.135 0.005 0.005 0.005 318246 GENTINGC46 0.005 -0.005 219.8 2.175 9.850 354.02 31/07/2018 0.175 0.110 0.140 0.140 318250 GENTINGC50 0.140 Unch 10 8.550 9.000 17.54 21/12/2018 1.860 0.735 0.870 0.830 3182WA GENTING-WA 0.830 -0.020 585.6 8.550 7.960 2.81 18/12/2018 0.255 0.005 0.005 0.005 3204CE GKENT-CE 0.005 Unch 902.3 1.490 3.700 149.66 06/08/2018 0.275 0.010 — — 3204CF GKENT-CF 0.010 — — 1.490 4.280 189.93 31/10/2018 0.180 0.045 — — 1147WA GOB-WA 0.060 — — 0.255 0.800 237.25 24/12/2019 0.055 0.025 0.030 0.030 7096WA GPA-WA 0.030 0.005 50 0.090 0.100 44.44 03/06/2025 0.060 0.010 0.035 0.030 7022CN GTRONIC-CN 0.035 -0.005 236 2.270 2.657 22.34 28/09/2018 0.260 0.110 0.195 0.195 7022CP GTRONIC-CP 0.195 -0.005 125 2.270 2.271 21.41 16/11/2018 0.190 0.155 0.160 0.155 516810 HARTA-C10 0.155 -0.010 120 5.980 6.000 21.07 31/01/2019 0.530 0.230 0.365 0.325 5168C5 HARTA-C5 0.325 -0.050 20 5.980 5.000 1.28 25/06/2018 0.255 0.110 0.155 0.130 5168C6 HARTA-C6 0.135 -0.015 1413 5.980 6.000 11.62 24/08/2018 0.350 0.155 0.215 0.185 5168C7 HARTA-C7 0.185 -0.035 180 5.980 5.525 5.54 06/08/2018 0.260 0.140 0.170 0.165 5168C8 HARTA-C8 0.165 -0.010 400.3 5.980 6.500 23.87 31/10/2018 0.170 0.060 0.125 0.105 5168C9 HARTA-C9 0.105 -0.020 948.2 5.980 6.000 11.75 30/11/2018 0.995 0.005 0.005 0.005 4324CH HENGYUAN-CH 0.005 Unch 110 3.480 8.000 131.61 29/06/2018 0.620 0.015 0.015 0.015 4324CI HENGYUAN-CI 0.015 Unch 26 6.900 7.880 18.55 29/06/2018 0.595 0.005 0.010 0.005 4324CJ HENGYUAN-CJ 0.010 Unch 191.4 6.900 8.580 27.25 29/06/2018 0.850 0.010 0.010 0.010 4324CK HENGYUAN-CK 0.010 Unch 3 6.900 10.500 54.78 24/07/2018

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


0.290 0.005 — — 4324CN HENGYUAN-CN 0.010 — — 6.900 24.000 249.71 28/09/2018 0.350 0.020 0.025 0.020 4324CO HENGYUAN-CO 0.025 0.005 178.7 6.900 18.000 167.39 31/10/2018 0.300 0.005 0.005 0.005 4324CP HENGYUAN-CP 0.005 Unch 500 6.900 18.880 174.99 06/08/2018 0.410 0.055 — — 4324CS HENGYUAN-CS 0.075 — — 6.900 18.880 188.84 31/10/2018 0.155 0.010 — — 4324CT HENGYUAN-CT 0.020 — — 6.900 22.800 235.07 31/10/2018 0.225 0.070 0.085 0.085 4324CV HENGYUAN-CV 0.085 Unch 30 6.900 8.880 48.41 25/10/2018 1.550 0.450 0.560 0.550 5095WB HEVEA-WB 0.550 -0.040 3.5 0.820 0.250 -2.44 28/02/2020 0.305 0.140 0.155 0.155 5072WB HIAPTEK-WB 0.155 Unch 412.1 0.375 0.500 74.67 23/06/2021 0.190 0.015 0.095 0.095 5199CA HIBISCS-CA 0.095 -0.005 150 0.905 1.000 31.49 30/11/2018 0.145 0.050 0.070 0.070 5199CB HIBISCS-CB 0.070 -0.005 100 0.905 1.200 48.07 30/11/2018 0.085 0.045 0.050 0.050 5199CF HIBISCS-CF 0.050 Unch 0.4 0.905 1.280 55.25 28/09/2018 0.155 0.075 0.105 0.105 5199CG HIBISCS-CG 0.105 Unch 105 0.905 0.880 21.60 31/10/2018 0.140 0.080 0.095 0.095 5199CH HIBISCS-CH 0.095 Unch 20 0.905 0.860 21.27 22/11/2018 0.090 0.080 0.090 0.085 5199CI HIBISCS-CI 0.090 0.005 143 0.905 1.100 46.41 31/01/2019 0.555 0.200 0.495 0.480 5199WC HIBISCS-WC 0.490 0.005 2681.4 0.905 1.000 64.64 19/03/2021 0.700 0.140 0.370 0.335 0185WA HSSEB-WA 0.360 0.015 565 0.810 1.700 154.32 15/03/2023 0.055 0.010 — — 7013WA HUBLINE-WA 0.015 — — 0.085 3.200 3,683 04/11/2019 0.200 0.050 0.050 0.050 9601WD HWGB-WD 0.050 -0.005 12.5 0.130 0.320 184.62 15/03/2021 0.190 0.040 — — 4251WA IBHD-WA 0.045 — — 0.490 1.410 196.94 08/10/2019 0.350 0.100 0.320 0.275 9687WB IDEAL-WB 0.320 0.030 99 0.940 1.000 40.43 30/03/2021 0.040 0.010 0.020 0.015 0174WA IDMENSN-WA 0.020 0.005 1640 0.045 0.100 166.67 14/07/2020 0.250 0.070 0.145 0.120 5225C6 IHH-C6 0.140 0.005 30.8 6.100 5.700 0.33 31/07/2018 0.021 0.001 — — 333611 IJM-C11 0.005 — — 0.412 3.300 703.09 31/07/2018 0.105 0.005 — — 333612 IJM-C12 0.005 — — 1.020 3.100 205.39 27/07/2018 0.040 0.003 — — 333614 IJM-C14 0.005 — — 1.145 3.300 189.52 25/06/2018 0.110 0.005 0.010 0.010 333617 IJM-C17 0.010 Unch 600 1.800 3.200 79.44 22/10/2018 0.105 0.065 0.095 0.075 333618 IJM-C18 0.095 0.005 769.2 1.800 2.300 48.89 21/12/2018 0.145 0.120 0.145 0.130 333619 IJM-C19 0.145 Unch 2840 1.800 1.840 26.39 13/12/2018 0.195 0.020 0.090 0.085 16611 INARI-C11 0.090 -0.005 360 2.260 2.133 7.67 30/08/2018 0.170 0.055 0.140 0.140 16613 INARI-C13 0.140 -0.005 1.6 2.260 2.333 19.76 22/10/2018 0.285 0.105 0.240 0.240 16614 INARI-C14 0.240 -0.010 0.4 2.260 2.133 15.63 22/10/2018 0.250 0.120 0.220 0.215 16616 INARI-C16 0.215 -0.015 180.3 2.260 1.850 15.15 21/12/2018 0.285 0.195 0.235 0.235 16617 INARI-C17 0.235 0.005 500 2.260 2.000 14.49 22/11/2018 0.325 0.230 0.285 0.275 16618 INARI-C18 0.275 -0.010 68 2.260 1.800 10.07 22/11/2018 2.000 0.867 1.760 1.750 0166WB INARI-WB 1.750 -0.020 7.5 2.260 0.533 1.03 17/02/2020 0.115 0.025 0.035 0.035 0094WA INIX-WA 0.035 -0.005 3.7 0.065 0.100 107.69 16/11/2020 0.205 0.080 0.115 0.085 196115 IOICORP-C15 0.095 Unch 363.8 4.700 4.441 -1.07 31/07/2018 0.175 0.075 0.085 0.075 196117 IOICORP-C17 0.080 Unch 710 4.700 4.783 6.41 24/08/2018 0.210 0.160 0.170 0.160 196118 IOICORP-C18 0.170 0.005 0.6 4.700 5.000 17.23 30/11/2018 0.065 0.005 0.005 0.005 5249CR IOIPG-CR 0.005 -0.005 119 0.840 2.000 139.88 23/08/2018 0.175 0.075 0.145 0.130 5249CS IOIPG-CS 0.135 -0.015 675.8 1.640 1.680 14.79 22/11/2018 0.140 0.095 0.115 0.110 5249CT IOIPG-CT 0.110 -0.010 0.4 1.640 1.880 28.05 30/11/2018 0.105 0.020 0.030 0.025 7183WA IRETEX-WA 0.030 Unch 278 0.155 0.800 435.48 10/06/2019 0.045 0.015 0.020 0.020 0024WB JAG-WB 0.020 Unch 200 0.080 0.150 112.50 15/11/2020 0.170 0.020 0.030 0.025 9083WB JETSON-WB 0.030 Unch 270.6 0.230 0.750 239.13 06/02/2019 0.165 0.035 0.060 0.055 0170WA KANGER-WA 0.060 Unch 83 0.125 0.100 28.00 13/04/2020 0.110 0.005 0.005 0.005 524710 KAREX-C10 0.005 Unch 901.5 0.730 1.350 86.30 28/09/2018 0.033 0.003 0.005 0.005 524711 KAREX-C11 0.005 Unch 100 0.730 1.400 93.49 03/09/2018 0.050 0.005 0.005 0.005 5247C9 KAREX-C9 0.005 Unch 50 0.730 1.400 93.49 28/09/2018 0.040 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 355 0.080 0.131 88.75 20/10/2023 0.485 0.200 0.345 0.315 0151WA KGB-WA 0.345 0.030 243 0.825 0.500 2.42 12/06/2019 0.060 0.005 — — 0036WA KGROUP-WA 0.005 — — 0.080 0.400 406.25 02/07/2018 0.720 0.310 0.360 0.360 5171WA KIMLUN-WA 0.360 -0.030 30 1.380 1.680 47.83 12/03/2024 0.095 0.035 0.045 0.040 7164WB KNM-WB 0.045 0.005 152.7 0.180 1.000 480.56 21/04/2020 0.095 0.035 0.040 0.040 7017WB KOMARK-WB 0.040 Unch 70 0.180 0.230 50.00 21/01/2020 0.260 0.045 0.120 0.120 7153CW KOSSAN-CW 0.120 Unch 260 8.200 8.000 7.07 24/08/2018 0.430 0.070 0.120 0.115 5878WB KPJ-WB 0.115 -0.005 314.9 1.060 1.010 6.13 23/01/2019 0.085 0.030 0.030 0.030 5172WA KSTAR-WA 0.030 Unch 56.4 0.095 0.080 15.79 10/04/2021 0.344 0.050 0.060 0.060 0018WA LAMBO-WA 0.060 0.005 30 0.150 0.100 6.67 18/01/2019 0.810 0.505 0.550 0.520 9385WA LAYHONG-WA 0.535 -0.035 227.6 0.925 0.400 1.08 13/10/2021 0.225 0.050 0.055 0.055 7126WA LONBISC-WA 0.055 0.005 10 0.525 1.000 100.95 26/01/2020 0.085 0.035 0.050 0.045 5068WB LUSTER-WB 0.050 Unch 101 0.090 0.100 66.67 26/05/2023 0.090 0.030 0.040 0.040 0017WA M3TECH-WA 0.040 Unch 240 0.090 0.100 55.56 21/08/2019 0.070 0.005 — — 858313 MAHSING-C13 0.005 — — 0.530 1.600 203.77 25/06/2018 0.085 0.005 — — 5264C5 MALAKOF-C5 0.005 — — 0.297 1.150 289.73 29/06/2018 0.770 0.005 — — 6181WB MALTON-WB 0.005 — — 0.273 1.000 268.13 29/06/2018 0.065 0.005 — — 5236CJ MATRIX-CJ 0.005 — — 0.644 2.400 274.22 25/06/2018 0.444 0.195 0.260 0.220 5236WA MATRIX-WA 0.260 -0.005 178.3 2.080 2.400 27.88 20/07/2020 0.140 0.065 0.115 0.115 6012C5 MAXIS-C5 0.115 Unch 0.4 5.780 6.000 10.77 28/09/2018 0.230 0.130 0.210 0.210 6012C7 MAXIS-C7 0.210 0.010 50 5.780 5.500 4.24 31/01/2019 0.015 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020 0.615 0.125 0.240 0.225 115534 MAYBANKC34 0.235 -0.005 843.6 9.600 9.250 2.47 30/08/2018 0.285 0.130 0.145 0.145 115535 MAYBANKC35 0.145 0.005 40 9.600 9.600 6.80 25/09/2018 0.270 0.090 0.105 0.095 115536 MAYBANKC36 0.100 -0.005 53 9.600 9.400 4.17 23/08/2018 0.355 0.130 0.180 0.175 115537 MAYBANKC37 0.180 Unch 1103.4 9.600 10.300 14.79 28/09/2018 0.260 0.085 0.095 0.090 115538 MAYBANKC38 0.090 -0.010 1988.7 9.600 10.500 11.25 30/11/2018 0.200 0.060 0.065 0.065 115540 MAYBANKC40 0.065 Unch 70.2 9.600 11.000 17.43 25/10/2018 0.230 0.115 0.120 0.120 115541 MAYBANKC41 0.120 Unch 0.2 9.600 10.880 19.58 22/10/2018 0.290 0.280 0.285 0.285 115542 MAYBANKC42 0.285 Unch 300 9.600 9.300 11.72 31/12/2018 0.705 0.290 0.305 0.300 5152WA MBL-WA 0.300 Unch 53.6 0.980 0.800 12.24 28/11/2022 0.160 0.045 0.085 0.085 117110 MBSB-C10 0.085 Unch 334.3 1.190 1.300 16.39 30/11/2018 0.115 0.055 0.100 0.100 117112 MBSB-C12 0.100 Unch 300 1.190 1.000 9.24 31/10/2018 0.260 0.090 0.155 0.155 1171C7 MBSB-C7 0.155 0.005 15 1.190 1.100 5.46 28/09/2018 0.090 0.040 0.045 0.045 1171C9 MBSB-C9 0.045 Unch 50 1.190 1.450 33.19 31/10/2018 0.070 0.020 0.045 0.040 5040WB MEDAINC-WB 0.045 Unch 40 0.455 0.900 107.69 22/04/2022 0.255 0.060 0.095 0.095 0081WA MEGASUN-WA 0.095 -0.005 20 0.215 0.100 -9.30 29/04/2019 0.166 0.040 0.050 0.050 1694WB MENANG-WB 0.050 -0.005 366.3 0.370 0.550 62.16 09/07/2019 0.310 0.065 0.085 0.085 7234WA MESB-WA 0.085 Unch 91.6 0.300 0.300 28.33 27/12/2022 0.530 0.120 0.245 0.200 0075WA MEXTER-WA 0.245 -0.030 3.9 0.360 0.130 4.17 17/09/2018 2.190 1.600 1.800 1.800 3069WA MFCB-WA 1.800 -0.020 9 3.700 2.220 8.65 08/04/2020 0.250 0.015 0.015 0.015 381614 MISC-C14 0.015 Unch 200 3.594 7.050 97.31 28/09/2018 0.210 0.095 0.115 0.115 9571WE MITRA-WE 0.115 0.010 13 0.455 0.940 131.87 17/04/2023 0.070 0.015 — — 0085WB MLAB-WB 0.020 — — 0.055 0.150 209.09 10/09/2020 0.085 0.045 0.065 0.060 0034WB MMAG-WB 0.060 Unch 217.1 0.235 0.200 10.64 27/11/2022 0.265 0.005 0.010 0.005 2194C8 MMCCORP-C8 0.010 0.005 500.1 1.420 2.000 41.90 31/07/2018 0.075 0.005 — — 2194C9 MMCCORP-C9 0.005 — — 0.715 2.100 195.45 13/08/2018 0.055 0.020 0.030 0.030 0103WA MNC-WA 0.030 Unch 1.1 0.070 0.100 85.71 05/11/2021 0.110 0.005 — — 3867CH MPI-CH 0.005 — — 4.310 13.500 214.73 29/06/2018 0.235 0.080 0.220 0.215 3867CI MPI-CI 0.215 Unch 300 10.420 8.500 6.33 25/10/2018 0.285 0.005 — — 165126 MRCB-C26 0.005 — — 0.368 1.056 188.41 29/06/2018 0.075 0.015 0.025 0.025 165131 MRCB-C31 0.025 Unch 200 0.665 1.000 57.89 31/01/2019 0.090 0.005 — — 1651WA MRCB-WA 0.005 — — 0.365 1.680 361.64 14/09/2018 0.440 0.180 0.225 0.225 1651WB MRCB-WB 0.225 -0.005 11.9 0.665 1.250 121.80 29/10/2027 0.193 0.025 — — 0092WB MTOUCHE-WB 0.025 — — 0.110 0.480 359.09 16/03/2020 0.470 0.005 0.010 0.010 13829 MYEG-C29 0.010 -0.005 250 0.965 2.200 129.79 28/09/2018 0.260 0.005 — — 13832 MYEG-C32 0.010 — — 0.965 2.800 193.26 28/09/2018 0.160 0.005 0.005 0.005 13836 MYEG-C36 0.005 Unch 210 0.965 2.800 191.97 25/10/2018 0.095 0.010 0.015 0.015 13837 MYEG-C37 0.015 -0.005 2 0.965 3.300 246.94 31/10/2018 0.040 0.010 — — 13838 MYEG-C38 0.020 — — 0.965 2.880 206.74 31/01/2019 0.275 0.160 0.270 0.265 13839 MYEG-C39 0.270 Unch 150 0.965 0.850 44.04 21/12/2018 0.145 0.080 0.140 0.135 13840 MYEG-C40 0.140 Unch 2950 0.965 1.200 70.78 21/12/2018 0.110 0.060 0.110 0.110 13841 MYEG-C41 0.110 0.005 50 0.965 1.600 105.70 21/12/2018 0.120 0.100 0.110 0.110 13842 MYEG-C42 0.110 Unch 250 0.965 0.915 38.13 13/12/2018 0.240 0.065 0.125 0.115 4707CA NESTLE-CA 0.120 Unch 639.5 147.99 160.00 12.17 31/12/2018 0.040 0.010 0.010 0.010 0020WB NETX-WB 0.010 Unch 500 0.025 0.050 140.00 08/06/2019 0.030 0.015 0.020 0.020 0096WA NEXGRAM-WA 0.020 0.005 0.1 0.054 0.100 122.22 16/05/2022 0.025 0.010 — — 0096WB NEXGRAM-WB 0.015 — — 0.040 0.260 587.50 21/07/2023 0.095 0.035 0.045 0.040 0079WA ORION-WA 0.045 0.005 461.6 0.080 0.170 168.75 26/07/2022 0.210 0.050 0.120 0.110 5053WC OSK-WC 0.120 0.005 11.5 0.990 1.200 33.33 22/07/2020 0.200 0.045 0.120 0.120 7052CR PADINI-CR 0.120 -0.005 159.2 5.680 5.350 6.87 24/08/2018 0.165 0.045 0.155 0.150 7052CS PADINI-CS 0.150 -0.005 60.9 5.680 5.600 14.44 31/10/2018 0.305 0.305 0.305 0.305 8419WA PANSAR-WA 0.305 Unch 310.8 0.905 0.950 38.67 06/06/2023 0.270 0.120 0.195 0.165 5125WA PANTECH-WA 0.195 0.005 3.6 0.605 0.500 14.88 21/12/2020 0.285 0.135 0.190 0.170 5125WB PANTECH-WB 0.170 -0.005 37.8 0.605 0.500 10.74 21/12/2021 0.195 0.050 0.070 0.070 5022WA PAOS-WA 0.070 Unch 20 0.390 0.500 46.15 14/12/2021 0.095 0.020 0.035 0.035 7225WB PA-WB 0.035 -0.005 1847.9 0.055 0.060 72.73 17/12/2022 0.320 0.170 0.180 0.180 129519 PBBANK-C19 0.180 Unch 226 24.039 23.500 5.25 12/09/2018 0.460 0.160 0.285 0.265 129521 PBBANK-C21 0.280 Unch 969.6 24.039 23.000 3.25 31/12/2018 0.305 0.180 0.200 0.180 129522 PBBANK-C22 0.195 -0.005 600.6 24.040 25.880 13.33 30/11/2018 0.150 0.010 — — 6068WA PCCS-WA 0.065 — — 0.220 0.600 202.27 25/12/2022 0.140 0.065 0.075 0.065 518317 PCHEM-C17 0.065 -0.010 450 8.340 8.800 9.80 24/08/2018 0.135 0.070 0.090 0.090 518320 PCHEM-C20 0.090 -0.005 40 8.340 8.400 9.35 31/01/2019 0.185 0.155 0.165 0.165 518321 PCHEM-C21 0.165 -0.010 4.2 8.340 10.000 29.80 30/11/2018 0.050 0.020 0.025 0.025 6254WB PDZ-WB 0.025 Unch 21.3 0.050 0.100 150.00 29/01/2023 0.430 0.075 0.090 0.090 8311WC PESONA-WC 0.090 Unch 483.2 0.275 0.250 23.64 27/01/2020 0.315 0.115 0.135 0.130 5681CV PETDAG-CV 0.135 -0.010 240 25.820 24.750 2.13 31/12/2018 0.250 0.045 0.060 0.060 6033CP PETGAS-CP 0.060 -0.005 0.1 17.500 18.000 5.77 31/07/2018 0.215 0.100 0.145 0.140 6033CQ PETGAS-CQ 0.140 -0.015 287 17.499 17.000 6.75 24/08/2018 0.305 0.005 0.005 0.005 3042CJ PETRONM-CJ 0.005 Unch 205 4.105 13.000 218.51 24/07/2018 0.170 0.005 0.010 0.010 3042CM PETRONM-CM 0.010 -0.005 150 7.920 14.500 84.60 31/10/2018 0.255 0.145 0.150 0.150 3042CO PETRONM-CO 0.150 Unch 2.5 7.920 7.000 16.79 18/10/2018 0.165 0.110 0.110 0.110 3042CP PETRONM-CP 0.110 Unch 200 7.920 9.000 34.47 22/11/2018 0.515 0.080 0.155 0.150 8869C1 PMETAL-C1 0.150 -0.010 10.2 4.400 3.800 0.00 29/06/2018 0.175 0.060 0.060 0.060 886910 PMETAL-C10 0.060 -0.005 500.2 4.400 6.000 41.65 22/10/2018 0.275 0.130 0.145 0.140 886911 PMETAL-C11 0.145 0.005 140 4.400 4.500 18.09 31/10/2018 0.175 0.090 0.095 0.095 886912 PMETAL-C12 0.095 -0.010 20 4.400 5.400 34.60 21/12/2018 0.305 0.005 — — 8869C4 PMETAL-C4 0.005 — — 0.750 5.000 569.33 29/06/2018 0.255 0.010 0.015 0.010 8869C5 PMETAL-C5 0.010 -0.005 360 4.400 5.350 22.61 24/07/2018 0.300 0.025 0.035 0.030 8869C6 PMETAL-C6 0.030 -0.020 120 4.400 5.000 16.36 28/09/2018 0.225 0.020 0.030 0.030 8869C7 PMETAL-C7 0.030 -0.005 50 4.400 6.300 45.91 28/09/2018 0.155 0.030 0.035 0.035 8869C8 PMETAL-C8 0.035 -0.005 1000 4.400 6.000 39.55 30/11/2018 0.110 0.015 0.020 0.015 8869C9 PMETAL-C9 0.020 Unch 625 4.400 6.200 42.95 12/09/2018 1.020 0.300 0.390 0.390 7088WB POHUAT-WB 0.390 Unch 7 1.310 1.000 6.11 21/10/2020 0.255 0.005 — — 463412 POS-C12 0.005 — — 1.865 5.450 193.57 21/06/2018 0.120 0.005 0.005 0.005 463414 POS-C14 0.005 Unch 491.6 1.855 5.400 192.72 30/08/2018 0.135 0.010 0.040 0.030 463415 POS-C15 0.040 0.010 2026.3 3.900 4.900 30.26 30/11/2018 0.080 0.005 0.005 0.005 463416 POS-C16 0.005 Unch 200 1.800 6.000 234.72 03/09/2018 0.085 0.020 0.030 0.030 463417 POS-C17 0.030 0.010 30 3.900 5.100 36.54 28/09/2018 0.255 0.135 0.255 0.235 463418 POS-C18 0.240 0.010 976.7 3.900 3.480 13.85 25/10/2018 0.125 0.065 0.125 0.115 463419 POS-C19 0.125 0.020 851 3.900 3.800 21.47 31/10/2018 0.145 0.090 0.145 0.145 463420 POS-C20 0.145 0.020 17.7 3.900 4.100 19.55 22/10/2018 0.220 0.095 0.110 0.105 5070WA PRTASCO-WA 0.110 Unch 50.7 0.530 0.750 62.26 25/04/2023 0.125 0.060 0.075 0.065 7145WA PSIPTEK-WA 0.075 0.005 1118.4 0.135 0.100 29.63 16/11/2019 0.215 0.095 0.120 0.115 0186WA PTRANS-WA 0.120 0.005 456 0.265 0.235 33.96 19/09/2020 0.260 0.050 0.145 0.140 0007WA PUC-WA 0.145 0.005 681.2 0.200 0.100 22.50 25/12/2024 0.245 0.045 0.120 0.115 0007WB PUC-WB 0.115 Unch 309.9 0.200 0.100 7.50 15/02/2019 0.335 0.005 0.020 0.020 6807WB PUNCAK-WB 0.020 -0.005 109 0.540 1.000 88.89 20/07/2018 0.195 0.095 0.180 0.180 7084CK QL-CK 0.180 -0.005 10 5.910 5.300 3.38 28/09/2018 0.145 0.060 — — 5256WA REACH-WA 0.065 — — 0.260 0.750 213.46 12/08/2022

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

MONDAY JUNE 18, 2018 • THEED G E FINANCIAL DAILY 2 9

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

Wall Street ahead — US stocks ends high-volume session lower on trade jitters

NEW YORK: Wall Street stocks ended lower last Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the US and China. US President Donald Trump unveiled an initial list of strategically important goods that would be subject to a 25% tariff effective July 6, a move China’s commerce ministry called “a threat to China’s economic interest and security.” China issued its own list of US imports subject to tariffs, targeting soybeans, aircraft, autos and chemicals. Since early May, the two countries have held several rounds of talks but have yet to reach a deal, as the US pressures China to narrow a US$375 billion trade defi cit. “A lot of people may have over-reacted at the very beginning of the day,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York. “I don’t think a trade war is going to be inevitable,” Pavlik said. “I think [the president is] posturing, I think he’s chest-pounding, I think he’s doing exactly what he thinks he got elected to do.” Last Friday also marked “quadruple witching day,” the quarterly simultaneous expiration of US options and futures contracts, which tends to boost trading volume as

investors replace expiring positions. Volume hit the highest point since Feb 8, when the S&P 500 Index sank to its lowest level of the year so far. Companies considered the most sensitive to trade war worries were among the day’s biggest drags. Shares of Boeing Inc, the single-largest US exporter to China, fell 1.3%, while tariff-sensitive construction equipment maker Caterpillar Inc and chemical company DowDupont Inc were down 2% and 0.9% respectively. The Dow Jones Industrial Average fell 84.83 points or 0.34% to 25,090.48; the S&P 500 lost 3.07 points or 0.11% to 2,779.42; and the Nasdaq Composite dropped 14.66 points or 0.19% to 7,746.38. For the week, the Dow was down 0.9%, while the S&P 500 rose 0.01% and the Nasdaq gained 1.3%, its fourth consecutive weekly advance. Of the 11 major sectors of the S&P 500, six ended the day in negative territory. The energy sector was the biggest percentage loser, down 2.1% as oil prices tumbled more than 3% ahead of this week’s Opec meeting. Decl ining issues outnumbered advancing ones on the New York Stock Exchange by a 1.21-to-one ratio; on Nasdaq, a 1.02-to-one ratio favoured advancers. The S&P 500 posted 23 new 52-week highs and four new lows; the Nasdaq Composite recorded 152 new highs and 40 new lows.

Global market — Simmering trade tensions set stocks up for weekly loss

LONDON: World shares fell and were set to end the week in the red last Friday while the dollar hit a seven-month high, as investors braced for a list of Chinese goods targeted in a fi rst round of announced trade tariffs by the US. The MSCI All Country World index, which tracks shares in 47 countries, lost 0.48% in Europe and was set for a weekly loss. The outbreak of a global trade war has been the most frequently cited “biggest tail risk” by investors this year in Bank of America Merrill Lynch’s monthly survey of global fund managers, on the back of ramped-up protectionist rhetoric and measures by the US administration. It is not clear when US President Donald Trump will activate the measures, but rising Sino-US trade tensions will put more pressure on China’s economy, which is starting to show signs of cooling after a multi-year crackdown on riskier lending. Andrew Milligan, head of global strategy at Aberdeen Standard Investments, said that in the context of trade fl ows, the sum of goods targeted was small. “The big question is do we fall into tit for tat? What’s the response going to be from China and the European Union? Can it remain at a technical level or will we see a series of high-profi le failing conversations between Mr Trump and other leaders?

“That may not affect gross domestic product growth all that much in the short term, but it will have a noticeable impact on cross-border capital fl ows and business sentiment,” Milligan said. The Asia Pacifi c MSCI index ex-Japan edged down 0.3% and was set for a weekly loss of more than 1%. Many markets in Asia were closed last Friday for holidays celebrating the end of Ramadan. Chinese stocks led the losses, with the benchmark Shanghai Composite index plumbing a 20-month low, as investors worried about the economic damage from the trade tensions with the US. Japan’s Nikkei 225 closed up 0.5% and Australian shares ended 1.3% higher. European shares were set for their best week in more than three months as investors pushed back expectations for an interest rate increase after last Thursday’s European Central Bank meeting. The pan-European STOXX 600 Index fell 0.4%, as a recovering euro weighed. Both stocks and the euro dipped briefl y on a report that said Germany’s Christian Social Union party would dissolve its alliance with Chancellor Angela Merkel’s Christian Democrats. They recovered after the report was denied, and found to be a hoax. The single currency was headed for its worst weekly loss in 19 months after the European Central Bank last Thursday signalled interest rates would be left at record lows into at least mid-2019. — Reuters

Dow JonesIndex points

10,403.79

Mar 1, 2010 June 15, 2018

25,090.48-84.83

(-0.34%)9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 June 15, 2018

3,527.11+47.55

(+1.37%)1960

2445

2930

3415

3900

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 June 15, 2018

1900

2875

3850

4825

58003,021.90

-22.26(-0.73%)

Nikkei 225Index points

10,172.06

Mar 1, 2010 June 15, 2018

8100

12200

16300

20400

24500

22,851.75+113.140(+0.50%)

Bursa Malaysia Equity Derivatives

0.150 0.070 0.120 0.120 1066C5 RHBBANK-C5 0.120 -0.005 8 5.810 5.000 -1.55 31/07/2018 0.120 0.055 0.090 0.085 1066C6 RHBBANK-C6 0.085 -0.025 0.4 5.810 5.880 6.91 03/09/2018 0.100 0.050 0.095 0.090 1066C7 RHBBANK-C7 0.090 Unch 326.3 5.810 6.000 11.02 31/10/2018 0.265 0.120 0.230 0.215 1066C8 RHBBANK-C8 0.220 -0.005 329 5.810 5.300 2.58 28/02/2019 0.075 0.005 0.015 0.010 5270WA RSENA-WA 0.015 Unch 2845.3 0.475 0.500 8.42 01/12/2023 0.075 0.010 — — 0133WC SANICHI-WC 0.010 — — 0.110 0.630 481.82 24/09/2019 0.105 0.020 0.040 0.030 0133WD SANICHI-WD 0.030 0.005 1279.3 0.110 0.300 200.00 21/07/2019 0.170 0.015 0.030 0.025 521858 SAPNRGC58 0.030 Unch 841.9 0.650 0.880 43.23 30/08/2018 0.110 0.015 0.020 0.020 521861 SAPNRGC61 0.020 -0.005 25 0.650 0.900 44.62 28/09/2018 0.060 0.005 0.015 0.015 521863 SAPNRGC63 0.015 Unch 215 0.650 1.000 58.46 17/08/2018 0.225 0.065 0.120 0.110 521864 SAPNRGC64 0.120 0.010 1831.9 0.650 0.500 13.85 31/10/2018 0.180 0.085 0.100 0.100 521865 SAPNRGC65 0.100 Unch 7290 0.650 0.600 38.46 22/10/2018 0.055 0.035 0.050 0.045 521866 SAPNRGC66 0.050 0.005 5875.6 0.650 1.200 103.85 21/12/2018 0.090 0.090 0.090 0.090 521867 SAPNRGC67 0.090 Unch 682 0.650 0.750 50.00 31/12/2018 0.020 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 50 0.025 0.050 140.00 06/11/2019 0.150 0.070 0.070 0.070 0161WA SCH-WA 0.070 Unch 80 0.175 0.100 -2.86 04/12/2021 0.200 0.035 0.035 0.035 4731CE SCIENTX-CE 0.035 -0.005 60 6.550 9.200 43.13 31/10/2018 0.125 0.045 0.055 0.055 7158WB SCOMI-WB 0.055 Unch 512.6 0.115 0.210 130.43 18/02/2023 0.260 0.030 0.050 0.050 7073WC SEACERA-WC 0.050 -0.005 60 0.530 1.000 98.11 21/01/2021 0.250 0.075 0.080 0.080 5279CI SERBADK-CI 0.080 Unch 10 3.260 3.400 12.88 31/07/2018 0.305 0.170 0.210 0.210 7180WA SERNKOU-WA 0.210 Unch 0.1 0.510 0.400 19.61 20/03/2023 0.350 0.150 0.235 0.220 7165WA SGB-WA 0.235 0.030 37 0.780 0.600 7.05 07/04/2021 0.350 0.150 0.235 0.220 7165WA SGB-WA 0.235 0.030 37 0.780 0.600 7.05 07/04/2021 0.290 0.090 0.115 0.115 7246WA SIGN-WA 0.115 -0.005 1.5 0.560 0.970 93.75 21/04/2021 0.180 0.055 0.085 0.075 5285CC SIMEPLT-CC 0.085 0.005 540.4 5.510 6.000 14.29 30/08/2018 0.185 0.045 0.065 0.060 5285CE SIMEPLT-CE 0.065 0.005 38.4 5.510 5.550 6.62 31/10/2018 0.245 0.090 0.110 0.110 5285CF SIMEPLT-CF 0.110 0.005 0.2 5.510 5.650 10.53 06/08/2018 0.210 0.015 0.025 0.020 5288CA SIMEPROP-CA 0.025 0.005 390.9 1.240 1.450 20.97 30/08/2018 0.295 0.010 0.015 0.015 5288CB SIMEPROP-CB 0.015 0.005 200 1.240 1.680 36.69 30/08/2018 0.130 0.015 0.020 0.015 5288CD SIMEPROP-CD 0.020 0.005 1040 1.240 1.600 32.26 24/08/2018 0.280 0.005 0.005 0.005 7155CG SKPRES-CG 0.005 Unch 67.2 0.388 1.900 392.53 29/06/2018 0.100 0.040 0.065 0.065 8664C6 SPSETIA-C6 0.065 0.005 50 2.990 3.500 22.49 30/11/2018 0.120 0.075 0.085 0.085 8664C7 SPSETIA-C7 0.085 Unch 155 2.990 3.500 28.43 22/10/2018 0.090 0.040 0.045 0.045 0129WA SRIDGE-WA 0.045 Unch 103.7 0.200 0.180 12.50 24/02/2023 0.195 0.095 0.150 0.145 0080WA STRAITS-WA 0.150 Unch 1090.8 0.270 0.115 -1.85 10/08/2022 0.115 0.015 0.035 0.035 1201WA SUMATEC-WA 0.035 Unch 20 0.050 0.320 610.00 03/03/2021 0.055 0.005 — — 1201WB SUMATEC-WB 0.010 — — 0.050 0.175 270.00 13/11/2018 0.230 0.010 0.020 0.020 5263CM SUNCON-CM 0.020 Unch 237 1.960 2.300 19.13 31/07/2018 0.120 0.005 — — 5263CN SUNCON-CN 0.005 — — 0.266 2.600 883.08 29/06/2018 0.225 0.010 0.015 0.015 5263CP SUNCON-CP 0.015 Unch 70 1.960 2.400 23.98 30/08/2018 0.735 0.305 0.385 0.380 5211WB SUNWAY-WB 0.385 0.005 56.8 1.610 1.860 39.44 03/10/2024 0.975 0.065 0.975 0.975 710631 SUPERMX-C31 0.975 0.235 0.2 4.100 2.100 -1.22 29/06/2018 0.960 0.105 0.960 0.920 710634 SUPERMX-C34 0.955 0.055 221.5 4.100 2.150 -0.98 31/10/2018 0.570 0.090 0.570 0.520 710635 SUPERMX-C35 0.570 0.190 20.4 4.100 2.380 -0.24 28/09/2018 0.470 0.050 0.470 0.410 710637 SUPERMX-C37 0.455 0.045 242 4.100 2.650 -2.07 17/08/2018 0.500 0.075 0.500 0.420 710638 SUPERMX-C38 0.500 0.070 341.5 4.100 2.650 1.22 03/09/2018 0.415 0.075 0.415 0.370 710639 SUPERMX-C39 0.400 0.045 172 4.100 2.880 2.44 25/10/2018 0.615 0.040 0.615 0.570 710640 SUPERMX-C40 0.615 0.065 203.8 4.100 3.000 3.17 31/12/2018 0.435 0.080 0.435 0.390 710641 SUPERMX-C41 0.435 0.035 417.6 4.100 3.000 5.00 31/10/2018 0.375 0.185 0.375 0.340 710642 SUPERMX-C42 0.375 0.025 70 4.100 2.880 6.83 31/01/2019 0.380 0.195 0.380 0.335 710643 SUPERMX-C43 0.375 0.040 162 4.100 3.300 12.50 30/11/2018 0.320 0.145 0.320 0.270 710644 SUPERMX-C44 0.305 0.025 1159.7 4.100 3.900 17.44 21/12/2018 0.335 0.215 0.335 0.280 710645 SUPERMX-C45 0.320 0.030 4201.7 4.100 3.350 9.02 13/12/2018 0.185 0.025 0.035 0.035 7082WB SYF-WB 0.035 Unch 36 0.285 0.700 157.89 11/11/2019 0.320 0.070 0.090 0.070 1538WB SYMLIFE-WB 0.070 Unch 1.3 0.610 1.100 91.80 11/11/2020 0.105 0.010 0.015 0.015 0132WA TDEX-WA 0.015 Unch 7419.8 0.125 0.110 0.00 21/09/2018 0.400 0.110 0.135 0.125 7200WA TEKSENG-WA 0.135 -0.010 112 0.320 0.250 20.31 29/01/2020 0.165 0.015 0.025 0.020 534743 TENAGA-C43 0.025 0.005 150 14.500 16.000 11.72 28/09/2018 0.180 0.050 0.060 0.055 534744 TENAGA-C44 0.060 Unch 660 14.500 16.000 11.79 31/01/2019 0.160 0.035 0.050 0.050 0145WA TFP-WA 0.050 0.010 20 0.135 0.100 11.11 15/02/2019 0.365 0.025 0.175 0.165 7889WB THRIVEN-WB 0.165 Unch 628.6 0.425 0.640 89.41 05/10/2020 0.080 0.005 — — 7079WB TIGER-WB 0.010 — — 0.100 0.680 590.00 23/12/2018 0.140 0.030 — — 7079WC TIGER-WC 0.035 — — 0.100 0.320 255.00 11/02/2021



0.100 0.005 — — 486321 TM-C21 0.010 — — 2.230 6.500 193.05 17/08/2018 0.145 0.005 — — 486322 TM-C22 0.005 — — 1.250 6.500 421.20 03/09/2018 0.310 0.035 0.045 0.045 486323 TM-C23 0.045 Unch 745 3.850 5.000 32.79 31/01/2019 0.075 0.015 0.020 0.015 486324 TM-C24 0.020 Unch 170.1 3.850 5.550 47.27 31/01/2019 0.225 0.105 0.105 0.105 0101WB TMCLIFE-WB 0.105 Unch 75 0.750 0.750 14.00 21/06/2019 0.485 0.255 0.330 0.320 7285WA TOMYPAK-WA 0.330 Unch 226 0.820 0.930 53.66 21/06/2021 1.200 0.135 1.040 1.040 711323 TOPGLOV-C23 1.040 -0.010 30 11.240 6.500 -0.53 28/09/2018 0.365 0.140 0.280 0.270 711328 TOPGLOV-C28 0.280 -0.005 230 11.240 10.000 6.41 30/08/2018 0.500 0.135 0.400 0.400 711329 TOPGLOV-C29 0.400 -0.005 25 11.240 9.150 2.76 31/10/2018 0.385 0.140 0.320 0.300 711330 TOPGLOV-C30 0.300 -0.005 335 11.240 9.000 1.42 06/08/2018 0.270 0.090 0.205 0.190 711331 TOPGLOV-C31 0.200 Unch 2008 11.240 10.500 7.65 12/09/2018 0.490 0.190 0.410 0.410 711332 TOPGLOV-C32 0.410 0.010 30 11.240 8.800 7.47 09/11/2018 0.060 0.010 0.015 0.010 0118WB TRIVE-WB 0.015 Unch 258.3 0.030 0.090 250.00 28/08/2020 0.125 0.050 0.070 0.065 4588C7 UMW-C7 0.070 0.005 130.9 6.450 6.900 14.57 12/09/2018 0.145 0.015 0.025 0.020 7091WA UNIMECH-WA 0.025 Unch 76.7 0.950 1.500 60.53 18/09/2018 0.215 0.130 0.195 0.190 5005C7 UNISEM-C7 0.190 Unch 600 2.420 1.980 13.22 22/11/2018 0.075 0.040 0.040 0.040 524323 VELESTO-C23 0.040 -0.005 2000 0.280 0.400 70.00 28/09/2018 0.270 0.090 0.125 0.125 5243WA VELESTO-WA 0.125 Unch 2019 0.280 0.395 85.71 18/10/2024 0.335 0.100 0.130 0.130 0120WB VIS-WB 0.130 0.005 119 0.430 0.750 104.65 16/11/2022 0.070 0.005 — — 0069WB VIVOCOM-WB 0.005 — — 0.060 0.200 241.67 07/09/2018 0.110 0.020 0.020 0.020 0069WD VIVOCOM-WD 0.020 -0.005 820 0.060 0.100 100.00 08/07/2020 0.155 0.060 0.065 0.065 7070WC VIZIONE-WC 0.065 -0.005 305 0.125 0.100 32.00 05/02/2022 0.065 0.045 — — 6963C1 VS-C1 0.050 — — 1.700 2.450 55.88 22/11/2018 0.065 0.040 0.050 0.050 6963C2 VS-C2 0.050 Unch 50.2 1.700 2.400 52.94 30/11/2018 0.215 0.005 0.005 0.005 6963CR VS-CR 0.005 Unch 110 0.800 1.984 150.00 29/06/2018 0.190 0.005 — — 6963CS VS-CS 0.005 — — 1.590 2.144 35.85 29/06/2018 0.280 0.005 — — 6963CT VS-CT 0.005 — — 0.905 2.240 148.62 29/06/2018 0.120 0.010 — — 6963CW VS-CW 0.010 — — 1.700 2.640 56.94 24/07/2018 0.165 0.025 — — 6963CX VS-CX 0.035 — — 1.700 2.640 61.88 13/08/2018 0.135 0.025 — — 6963CY VS-CY 0.070 — — 1.700 3.040 88.38 31/10/2018 0.120 0.030 0.045 0.045 6963CZ VS-CZ 0.045 0.005 340.1 1.700 2.080 30.82 31/10/2018 1.248 0.355 0.395 0.370 6963WA VS-WA 0.390 0.010 6793.1 1.700 1.320 0.59 06/01/2019 0.090 0.010 0.025 0.025 967910 WCT-C10 0.025 0.005 90 0.810 1.400 80.56 31/10/2018 0.105 0.085 0.090 0.090 967911 WCT-C11 0.090 Unch 1 0.810 1.380 103.70 30/11/2018 0.095 0.075 0.080 0.080 967912 WCT-C12 0.080 Unch 290 0.810 0.950 46.91 21/12/2018 0.070 0.070 0.070 0.070 967913 WCT-C13 0.070 Unch 148.4 0.810 0.880 34.57 13/12/2018 0.150 0.005 — — 9679C3 WCT-C3 0.005 — — 0.810 1.700 110.96 29/06/2018 0.105 0.005 — — 9679C6 WCT-C6 0.005 — — 0.810 1.780 121.60 31/07/2018 0.065 0.005 — — 9679C7 WCT-C7 0.005 — — 0.810 1.950 142.28 17/08/2018 0.090 0.005 — — 9679C8 WCT-C8 0.005 — — 0.810 2.000 148.77 28/09/2018 0.130 0.015 0.020 0.020 9679C9 WCT-C9 0.020 Unch 158.6 0.810 1.200 53.09 18/10/2018 0.425 0.090 0.095 0.095 9679WE WCT-WE 0.095 Unch 180 0.810 2.080 168.52 27/08/2020 0.015 0.010 — — 0141WA WINTONI-WA 0.010 — — 0.035 0.100 214.29 23/02/2019 0.085 0.035 — — 5246CU WPRTS-CU 0.040 — — 3.490 4.000 19.20 12/09/2018 0.115 0.075 — — 5246CV WPRTS-CV 0.090 — — 3.490 3.880 18.91 22/10/2018 0.125 0.060 — — 5246CW WPRTS-CW 0.100 — — 3.490 3.450 7.45 31/01/2019 0.630 0.145 — — 7245WA WZSATU-WA 0.145 — — 0.350 0.380 50.00 28/10/2024 0.130 0.005 — — 5156WC XDL-WC 0.005 — — 0.150 0.160 10.00 02/07/2018 0.020 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 Unch 200 0.045 0.100 133.33 22/03/2019 0.010 0.005 — — 5155WA XINQUAN-WA 0.005 — — 0.055 0.880 1,509 24/06/2019 0.025 0.015 — — 5155WB XINQUAN-WB 0.015 — — 0.055 0.400 654.55 27/03/2021 0.075 0.010 0.015 0.015 0165WA XOX-WA 0.015 -0.005 385.4 0.070 0.200 207.14 10/02/2019 0.215 0.180 — — 7003WA Y&G-WA 0.180 — — 0.950 1.000 24.21 16/11/2019 0.200 0.045 — — 7293CO YINSON-CO 0.080 — — 4.740 4.500 0.00 29/06/2018 0.155 0.060 — — 7293CQ YINSON-CQ 0.135 — — 4.740 4.300 2.11 24/08/2018 0.225 0.110 0.220 0.220 7293CR YINSON-CR 0.220 0.005 20 4.740 4.150 8.44 30/11/2018 0.095 0.035 0.045 0.045 7020WB YKGI-WB 0.045 Unch 130 0.210 0.500 159.52 28/05/2020 1.220 0.820 0.950 0.920 7066WA YONGTAI-WA 0.950 -0.010 62.7 1.450 0.500 0.00 24/06/2020 0.280 0.005 0.005 0.005 467712 YTL-C12 0.005 Unch 20 0.337 1.350 302.08 29/06/2018 0.235 0.005 0.015 0.010 467714 YTL-C14 0.010 -0.005 622 1.060 1.250 19.34 23/08/2018 0.055 0.005 — — 467715 YTL-C15 0.005 — — 0.995 1.650 66.83 17/08/2018 0.085 0.010 — — 467716 YTL-C16 0.010 — — 1.060 1.700 62.74 28/09/2018 0.170 0.010 0.020 0.015 467717 YTL-C17 0.020 0.010 760.2 1.060 1.550 48.11 30/11/2018 0.085 0.060 0.085 0.085 467718 YTL-C18 0.085 0.015 1.2 1.060 1.500 57.55 30/11/2018 0.070 0.030 0.070 0.060 467719 YTL-C19 0.065 0.025 179.6 1.060 1.200 19.34 28/02/2019 0.115 0.005 0.005 0.005 6742C2 YTLPOWR-C2 0.005 Unch 1160 0.388 1.300 236.34 30/08/2018 0.060 0.010 0.020 0.015 2283WA ZELAN-WA 0.020 Unch 78.5 0.090 0.250 200.00 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 event 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

AEMULUS (1,290,000) AEMULUS VENTURE S/B 42,928,749 11 & 12/6AMMB (1,088,400) EMPLOYEES PROVIDENT FUND BOARD 263,882,837 8/6AXIS REAL ESTATE INVEST TRUST 516,100 EMPLOYEES PROVIDENT FUND BOARD 193,948,713 8/6BARAKAH OFFSHORE PETROLEUM (5,500,000) FELDA INVESTMENT CORPORATION S/B 54,000,000 12/6BARAKAH OFFSHORE PETROLEUM (7,000,000) FELDA INVESTMENT CORPORATION S/B 59,500,000 11/6BERJAYA ASSETS 1,150,000 DYMM SULTAN IBRAHIM JOHOR 315,900,000 7, 8, 11, & 12/6BOUSTEAD 415,000 LEMBAGA TABUNG ANGKATAN TENTERA 1,198,315,018 8 & 11/6BUMI ARMADA 2,256,000 EMPLOYEES PROVIDENT FUND BOARD 413,600,080 8/6BUMI ARMADA (566,100) EMPLOYEES PROVIDENT FUND BOARD 413,033,980 11/6CAPITALAND MALAYSIA 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 212,159,300 8/6MALL TRUSTCCM DUOPHARMA BIOTECH 318,300 EMPLOYEES PROVIDENT FUND BOARD 20,299,576 11/6D.B.E. GURNEY RESOURCES 93,896,712 DOH PROPERTIES S/B 519,488,496 13/6DESTINI (34,800,000) BPH CAPITAL S/B 197,805,212 12/6DESTINI 34,800,000 DATO’ ROZABIL @ ROZAMUJIB 299,947,012 12/6 BIN ABDUL RAHMANDIALOG GROUP (3,721,900) KUMPULAN WANG PERSARAAN 387,452,833 11 & 12/6 (DIPERBADANKAN)DIGI.COM 13,474,100 EMPLOYEES PROVIDENT FUND BOARD 1,242,592,050 5 & 8/6DRB-HICOM (1,433,600) EMPLOYEES PROVIDENT FUND BOARD 170,798,726 5 TO 7/6EASTERN & ORIENTAL 455,200 KUMPULAN WANG PERSARAAN 94,946,409 12/6 (DIPERBADANKAN)EASTERN & ORIENTAL (503,900) LEMBAGA TABUNG HAJI 97,751,700 11/6ECO WORLD DEVELOPMENT 581,900 EMPLOYEES PROVIDENT FUND BOARD 158,206,700 8/6GLOBETRONICS TECHNOLOGY 677,700 EMPLOYEES PROVIDENT FUND BOARD 80,118,089 8/6HARN LEN CORPORATION (5,500,000) LOW NAM HUI UNITED S/B 34,744,679 12/6HONG LEONG BANK (1,056,600) EMPLOYEES PROVIDENT FUND BOARD 269,531,821 8/6IGB REAL ESTATE INVEST TRUST (1,441,900) EMPLOYEES PROVIDENT FUND BOARD 367,988,813 8/6IHH HEALTHCARE 2,465,000 EMPLOYEES PROVIDENT FUND BOARD 718,805,447 7 & 8/6IJM CORPORATION 858,000 EMPLOYEES PROVIDENT FUND BOARD 524,449,118 8/6IJM CORPORATION (1,408,100) KUMPULAN WANG PERSARAAN 185,426,700 12/6 (DIPERBADANKAN)INARI AMERTRON 1,083,400 EMPLOYEES PROVIDENT FUND BOARD 161,461,050 8/6INARI AMERTRON (4,641,800) KUMPULAN WANG PERSARAAN 434,066,375 11 & 12/6 (DIPERBADANKAN)IOI CORPORATION 937,500 EMPLOYEES PROVIDENT FUND BOARD 799,473,573 8/6IOI PROPERTIES GROUP (308,500) EMPLOYEES PROVIDENT FUND BOARD 370,686,732 8/6IRIS CORPORATION (4,946,200) FELDA INVESTMENT CORPORATION S/B 420,860,281 12/6LUSTER INDUSTRIES (3,750,000) LIANG WOOI GEE 24,023,257 11/6MAH SING GROUP 896,300 EMPLOYEES PROVIDENT FUND BOARD 226,264,861 11/6MALAYSIA AIRPORTS 482,500 EMPLOYEES PROVIDENT FUND BOARD 171,301,992 8/6MAXIS 321,798 EMPLOYEES PROVIDENT FUND BOARD 919,423,162 6 & 8/6MBM RESOURCES (338,400) EMPLOYEES PROVIDENT FUND BOARD 61,505,891 8/6MGB 1,118,600 LBS BINA GROUP 276,745,415 12/6MISC 1,080,006 EMPLOYEES PROVIDENT FUND BOARD 279,595,323 5 TO 7/6MUHIBBAH ENGINEERING (M) 744,000 FIL LIMITED BERMUDA 31,539,800 8/6NEXTGREEN GLOBAL (2,000,000) DATO DR KOE SENG KHENG 450,602 11/6OCK GROUP 375,000 EMPLOYEES PROVIDENT FUND BOARD 53,531,900 8/6PETRONAS CHEMICALS 336,900 EMPLOYEES PROVIDENT FUND BOARD 568,758,600 8/6PROTASCO (1,289,100) EMPLOYEES PROVIDENT FUND BOARD 27,450,978 8/6PUBLIC BANK 2,797,500 EMPLOYEES PROVIDENT FUND BOARD 540,337,200 8/6QL RESOURCES (440,700) EMPLOYEES PROVIDENT FUND BOARD 81,189,140 8/6S P SETIA 400,000 EMPLOYEES PROVIDENT FUND BOARD 367,665,867 8/6SERBA DINAMIK 3,195,300 KUMPULAN WANG PERSARAAN 144,711,300 7, 8, 11 (DIPERBADANKAN) & 12/6SIME DARBY PLANTATION 2,820,000 EMPLOYEES PROVIDENT FUND BOARD 954,924,731 7 & 8/6SIME DARBY PROPERTY 700,000 EMPLOYEES PROVIDENT FUND BOARD 723,800,410 8/6SUNWAY 398,700 EMPLOYEES PROVIDENT FUND BOARD 304,086,714 8/6SUPERLON 498,000 KUMPULAN WANG PERSARAAN 18,475,100 11/6 (DIPERBADANKAN)TA WIN 700,000 TENGGARA KAPITAL S/B 6,550,000 12/6TDM (5,000,000) KUMPULAN WANG PERSARAAN 93,297,640 12/6 (DIPERBADANKAN)TELEKOM MALAYSIA 3,395,000 EMPLOYEES PROVIDENT FUND BOARD 672,626,346 8/6TENAGA NASIONAL (8,431,500) EMPLOYEES PROVIDENT FUND BOARD 696,299,482 7 & 8/6TENAGA NASIONAL 980,000 KUMPULAN WANG PERSARAAN 327,969,125 7, 8, 11 (DIPERBADANKAN) & 12/6TIGER SYNERGY 1,100,000 TAN LEE CHIN 20,286,700 12/6TIME DOTCOM (185,800) EMPLOYEES PROVIDENT FUND BOARD 58,349,500 8/6TIONG NAM LOGISTICS (109,200) EMPLOYEES PROVIDENT FUND BOARD 24,739,590 7/6UMW (672,633) KUMPULAN WANG PERSARAAN 73,125,967 8, 11 & 12/6 (DIPERBADANKAN)WESTPORTS 397,700 EMPLOYEES PROVIDENT FUND BOARD 179,195,800 8/6YTL CORPORATION 5,750,000 YEOH TIONG LAY & SONS S/B 5,310,338,594 12/6

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

Insider moves (Filings on June 13, 2018)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 $ 0.599 0.695 0.693 0.523 0.918 0.930 0.939 0.934 2.7721 4.476 58.174 4.462 2.553 9,681 47.312 76.930 5.663 37.078 2.531 2.607 6.106 22.698 5.457

EURO 1.670 1.161 1.158 0.874 1.533 1.554 1.568 1.559 4.6303 7.476 97.170 7.453 4.265 16,170 79.026 128.498 9.459 61.931 4.227 4.355 10.199 37.913 9.114

US $ 1.438 0.861 0.997 0.753 1.320 1.338 1.351 1.343 3.9875 6.438 83.680 6.418 3.673 13,925 68.055 110.659 8.146 53.334 3.640 3.750 8.783 32.650 7.849

SWISS FR 1.442 0.863 1.003 0.755 1.323 1.341 1.354 1.347 3.9979 6.455 83.898 6.435 3.682 13,962 68.233 110.948 8.167 53.473 3.649 3.760 8.806 32.735 7.869

STERLING £ 1.911 1.144 1.329 1.325 1.754 1.778 1.795 1.785 5.2986 8.555 111.194 8.528 4.880 18,504 90.432 147.044 10.825 70.870 4.837 4.983 11.671 43.385 10.430

CANADA $ 1.090 0.652 0.758 0.756 0.570 1.014 1.023 1.018 3.0211 4.878 63.400 4.863 2.783 10,550 51.562 83.840 6.172 40.408 2.758 2.841 6.654 24.737 5.947

BRUNEI $ 1.075 0.644 0.747 0.745 0.562 0.987 1.009 1.004 2.9804 4.812 62.545 4.797 2.745 10,408 50.867 82.711 6.089 39.864 2.721 2.803 6.565 24.404 5.867

SINGAPORE $ 1.065 0.638 0.740 0.738 0.557 0.977 0.991 0.994 2.9524 4.767 61.958 4.752 2.719 10,310 50.389 81.934 6.031 39.489 2.695 2.777 6.503 24.174 5.811

AUSTRALIA $ 1.071 0.641 0.745 0.743 0.560 0.983 0.996 1.006 2.9691 4.794 62.308 4.779 2.735 10,369 50.674 82.397 6.066 39.712 2.710 2.792 6.540 24.311 5.844

MALAYSIA RM 0.361 0.216 0.251 0.250 0.189 0.331 0.336 0.339 0.337 1.0000 1.615 20.986 1.610 0.921 3,492 17.067 27.752 2.043 13.375 0.913 0.941 2.203 8.188 1.968

100 CHINESE RMB 22.343 13.377 15.533 15.493 11.690 20.502 20.782 20.979 20.861 61.9380 1,300 99.691 57.050 216,302 1,057.107 1,719 126.533 828.436 56.540 58.254 136.427 507.152 121.917

100 BANGLAD’H TAKA 1.719 1.029 1.195 1.192 0.899 1.577 1.599 1.614 1.605 4.7652 7.693 7.670 4.389 16,641 81.328 132.241 9.735 63.735 4.350 4.482 10.496 39.018 9.380

100 DANISH KRONER 22.413 13.418 15.581 15.541 11.726 20.565 20.846 21.044 20.926 62.1300 100.31 1,304 57.227 216,972 1,060.38 1,724 126.93 831.00 56.72 58.43 136.85 508.72 122.30

100 UAE DIRHAM 39.165 23.447 27.227 27.156 20.490 35.937 36.427 36.773 36.566 108.5684 175.29 2,278 174.74 379,146 1,853 3,013 221.79 1,452 99.11 102.11 239.14 888.96 213.70

1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0286 0.046 0.601 0.046 0.026 0.489 0.795 0.058 0.383 0.026 0.027 0.063 0.234 0.056

100 INDIA RUPEE 2.114 1.265 1.469 1.466 1.106 1.939 1.966 1.985 1.973 5.8592 9.460 122.959 9.431 5.397 20,462 162.602 11.970 78.368 5.349 5.511 12.906 47.976 11.533

100 JAPAN YEN 1.300 0.778 0.904 0.901 0.680 1.193 1.209 1.220 1.214 3.6034 5.818 75.620 5.800 3.319 12,584 61.500 7.361 48.196 3.289 3.389 7.937 29.505 7.093

100 NORWEGIAN KRONER 17.658 10.572 12.276 12.244 9.238 16.203 16.424 16.580 16.486 48.9500 79.031 1,027 78.786 45.087 170,945 835.438 1,358 654.718 44.684 46.038 107.819 400.806 96.352

100 PHILIPPINE PESO 2.697 1.615 1.875 1.870 1.411 2.475 2.509 2.532 2.518 7.4765 12.071 156.899 12.034 6.886 26,110 127.603 207.485 15.274 6.825 7.032 16.468 61.218 14.717

100 QATAR RIYAL 39.518 23.659 27.473 27.401 20.675 36.261 36.756 37.104 36.896 109.5467 176.865 2,299 176.319 100.901 382,562 1,870 3,040 223.793 1,465 103.030 241.292 896.975 215.629

100 SAUDI RIYAL 38.355 22.963 26.665 26.595 20.067 35.194 35.675 36.013 35.810 106.3248 171.663 2,231 171.133 97.933 371,311 1,815 2,951 217.211 1,422 97.059 234.196 870.594 209.287

100 SWEDISH KRONOR 16.377 9.805 11.386 11.356 8.568 15.028 15.233 15.377 15.291 45.4000 73.299 952.746 73.073 41.817 158,547 774.850 1,260 92.748 607.236 41.444 42.699 371.738 89.364

100 THAI BAHT 4.406 2.638 3.063 3.055 2.305 4.043 4.098 4.137 4.113 12.2129 19.718 256.295 19.657 11.249 42,650 208.440 338.927 24.950 163.350 11.149 11.486 26.901 24.040

100 HK$ 18.327 10.972 12.741 12.707 9.588 16.816 17.046 17.207 17.111 50.8033 82.023 1,066.138 81.769 46.794 177,417 867.069 1,410 103.786 679.506 46.376 47.781 111.902 415.981

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

HARTA 6.250 5.980 5.980 5279.8TSH 1.190 1.150 1.150 97.3CIMB-C36 0.140 0.130 0.130 1714.1AXIATA-C26 0.185 0.170 0.170 1010FBMKLCI-C3O 0.035 0.030 0.030 196.7COASTAL 1.020 0.980 0.980 1841.4BJTOTO-CV 0.175 0.175 0.175 50HSI-C1X 0.065 0.040 0.045 6837.6CIMB-C30 0.005 0.005 0.005 113OCR 0.390 0.360 0.390 158CONNECT-WA 0.065 0.055 0.065 2016.9HSI-C3C 0.060 0.050 0.055 571.9FBMKLCI-C3R 0.035 0.035 0.035 40HSI-C3A 0.225 0.190 0.195 693.2HSI-C1Y 0.325 0.270 0.280 680.2CBIP 1.350 1.330 1.330 101.5ARMADA-C30 0.015 0.010 0.010 150SMTRACK 0.110 0.100 0.110 1720BURSA-C19 0.195 0.195 0.195 250FBMKLCI-C3Y 0.380 0.380 0.380 20DIALOG-C32 0.170 0.170 0.170 550SCIENTX 6.550 6.510 6.550 238.5PHARMA 3.510 3.390 3.390 460MALTON 0.535 0.525 0.535 5308.1SCIENTX-CE 0.035 0.035 0.035 60

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)

HAPSENG 9.890 9.620 9.890 937.7SUPERMX 4.100 3.860 4.100 5456.6KENANGA 0.665 0.650 0.665 358MAGNUM 2.340 2.220 2.340 2379YINSON 4.740 4.610 4.740 248.1QL 5.910 5.770 5.910 362.9SUPERMX-C38 0.500 0.420 0.500 341.5FBMKLCI-H4W 0.975 0.975 0.975 1.5SUPERMX-C42 0.375 0.340 0.375 70UMS 2.650 2.650 2.650 0.1BJTOTO-CV 0.175 0.175 0.175 50HIBISCS-CI 0.090 0.085 0.090 143SUPERMX-C31 0.975 0.975 0.975 0.2SUPERMX-C40 0.615 0.570 0.615 203.8MYEG-C41 0.110 0.110 0.110 50SUPERMX-C37 0.470 0.410 0.455 242AHEALTH 6.490 6.400 6.480 31.3YTL-C19 0.070 0.060 0.065 179.6POS-C19 0.125 0.115 0.125 851POS-C18 0.255 0.235 0.240 976.7POS-C20 0.145 0.145 0.145 17.7SUPERMX-C39 0.415 0.370 0.400 172SUPERMX-C41 0.435 0.390 0.435 417.6SUPERMX-C45 0.335 0.280 0.320 4201.7SUPERMX-C43 0.380 0.335 0.375 162

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

Australia’s wine exports

• Woodlandor Holdings Bhd’s annual general meeting at Eastin Hotel, Ballroom 2, Level LG, Jalan 16/11, Pusat Dagang Seksyen 16, Petaling Jaya at 10am.

Australian winemakers have faced delays getting products through Chinese customs this year amid a diplomatic rift between Canberra and Beijing. Australian wine companies have until recently benefi ted from an insatiable thirst for wine among China’s growing middle class.

MarketsF U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S

3 1


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

JUN/JUL 2.5 2.0 2.0

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

Money market

Commodities

JUN/JUL -18JUN/AUG -17JUN/SEP -19JUL/AUG 1

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -74.293 MONTHS AVERAGE -72.716 MONTHS AVERAGE -85.37

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

JUN-18 2,319 -11 41 -440 -505JUL-18 2,337 19 1,334 -1,343 -501AUG-18 2,336 18 6,540 235 -710SEP-18 2,338 18 5,252 434 -577OCT-18 2,336 11 1,893 1,372 812

Palm oil recovers as traders buy at low prices

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

Oil slumps 3% on Opec supply, China tariff s

METAL & PRECIOUS METALSTIN US$/TON KLTM 20,900 -50COPPER USC/IBS CMX 3.1555 -0.0765GOLD US$/TROY OZ CMX 1,276.30 -29.90PLATINUM US$/TROY OZ NYMEX 889.80 -23.10PALLADIUM US$/TROY OZ NYMEX 981.80 -24.80SILVER USC/TROY OZ CMX 16.48 -0.78ALUMINIUM RMB/TON SHF 14,515 -160ZINC RMB/TON SHF 24,115 -230

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 65.06 -1.83HEATING OIL USC/GAL NYMEX 2.0901 -0.0717NATURAL GAS US$/MMBTU NYMEX 3.015 0.057BRENT CRUDE US$/BBL ICE 73.44 -2.50GAS OIL US$/TON ICE 640.75 -20.00

CRUDE PALM OIL RM/TON MDEX 2,336 18RUBBER SEN/KG MRB 539.50 -7.50CORN USC/BSH CBOT 361.25 -1.75SOYBEANS USC/BSH CBOT 905.50 -21.75WHEAT USC/BSH CBOT 499.50 -2.00LIVE CATTLE USC/IBS CME 104.775 2.900COCOA US$/TON NYBOT 2,519 86COFFEE USC/IBS NYBOT 117.65 -0.30SUGAR USC/IBS NYBOT 12.35 -0.21COTTON USC/IBS NYC 89.64 -3.32

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 June 14, 2018

200

625

1050

1475

1900

539.50(-7.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

MAR’18 APR’18 MAY’18

340/358 451/450 409/407 604/596 638/634 551/539 926/913 909/931 745/737 1,190/1,166 1,161/1,157 1,004/984 1,395/1,145 1,332/1,312 1,200/1,197

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

June 14, 2018

1,758.00(-3.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.73(Unch)

June 14, 2018

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

428.50(-4.00)

June 14, 2018

300

500

700

900

1100

CPO futures

FBM KLCI futures

JUN8 96.27 — — —JUL8 96.27 — — —AUG8 96.27 — — —SEP8 96.27 — — —DEC8 96.27 — — —MAR9 96.22 — — —JUN9 96.22 — — —SEP9 96.22 — — —DEC9 96.22 — — —MAR0 96.22 — — —JUN0 96.22 — — —SEP0 96.22 — — —DEC0 96.22 — — —MAR1 96.22 — — —JUN1 96.22 — — —SEP1 96.22 — — —DEC1 96.22 — — —MAR2 96.22 — — —JUN2 96.22 — — —SEP2 96.22 — — —DEC2 96.22 — — —MAR3 96.22 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures rose last Th ursday, pulling back from a more-than-22-month low hit in the previous session, as traders took the opportunity to buy at low prices ahead of Eid festivities during the weekend. The benchmark palm oil contract for August delivery on Bursa Malaysia Derivatives Exchange was up 0.8% at RM2,336 per tonne at the closing trade, after logging eight straight sessions of falls. It fell to as low as RM2,300 last Wednesday, its lowest since July 28, 2016. Traders were covering ahead of the long weekend as the market was oversold, a trader based in Kuala Lumpur said. “Market has achieved the technical objective at RM2,300 per tonne, suggesting that the recent low level is attractive to buy. Recovery in overseas commodities markets added support for the correction,” the trader said. Palm oil prices track the performances of other edible oils, as they compete for a share in the global vegetable oils market. Th e Chicago Board of Trade’s July soybean oil contract rose 0.1%. The September soybean oil on China’s Dalian Commodity Exchange (DCE) climbed as much as 0.5%, while the DCE September palm oil contract rose as much as 0.2%. “I trust the market is on a correction phase since it has been on a bear run since last week (previous week),” another trader said. — Reuters

FEB’18 MAR’18 APR’18 MAY’18

1,343 1,574 1,558 1,525 1,312 1,566 1,541 1,290 2,478 2,323 2,174 2,170

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 480 19.00% 457 18.00% 435SOUTH 20.00% 486 19.00% 464 18.00% 441CENTRAL 20.00% 485 19.00% 462 18.00% 439EAST COAST 20.00% 483 19.00% 461 18.00% 438SABAH 22.00% 469 21.00% 449 20.00% 428SARAWAK 22.00% 476 21.00% 455 20.00% 434

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

(IN RM/TON) JUL’18 AUG’18 SEP’18

CPO DELD 2,291 2,320 NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE 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 fell more than US$2 a barrel last Friday after two of the world’s biggest producers indicated they might increase output at this week’s Opec meeting, while US exports were threatened by potential Chinese tariff s on crude oil and refi ned products. Oil investors have been nervous ahead of the coming Opec summit in Vienna. Saudi Arabia and Russia have already boosted production modestly, and have indicated they are prepared to increase output at that meeting. Brent crude oil fell US$2.50 or 3.29% to settle at US$73.44 a barrel. US light crude settled US$1.83 lower at US$65.06 a barrel. In post-settlement trading, US crude retreated further, falling US$2.25 or 3.4% to US$64.64 a barrel. Brent crude was on track to end the week down more than 4%, while US crude was heading to fall 1.7%. — Reuters

Commodities

likely to extend its downtrend on lack of catalysts. — Bernama

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 June 14, 2018

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+18)2,336

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 June 14, 2018

0.3044(RM2,673/tonne)

2,336(+18)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

The US dollar edged lower against the Japanese yen last Friday, as US President Donald Trump announced hefty tariffs on US$50 billion of Chinese imports and Beijing threatened to respond in kind, raising tensions between the world’s two largest economies. Th e US dollar slipped 0.05% to ¥110.57, retreating from a three-week high of ¥110.9. Th e yen, a perceived safe haven often sought in times of geopolitical tensions and market turmoil, had touched a more-than-three-week low against the greenback earlier in the session. Trump, whose hardline stance on trade has seen him wrangle with allies, said in a statement a 25% tariff would be imposed on a list of strategically key imports from China. — Reuters

US dollar shaky as China trade worries weigh

Th e FBM KLCI futures (FKLI) contracts on Bursa Malaysia Derivatives ended mostly lower last Thursday amid the weaker underlying cash market. Spot month June 2018 fell 3.5 points to 1,758; both July 2018 and December 2018 decreased fi ve points each to 1,760.5 and 1,757 respectively; September 2018 went up 1.5 points to 1,762. Turnover slid to 6,768 lots from 6,984 lots last Wednesday, while open interest went up to 37,529 contracts from 37,205 contracts. Th e underlying benchmark FBM KLCI fell 1.79 points to 1,761.78. Th e FKLI on Bursa Malaysia Derivatives will likely trade lower this week on the back of an anticipated weaker cash market, said a dealer. Th e dealer also said the local bourse is

FBM KLCI futures contracts end mostly lower

Crude Oil

US$/bbl

Apr 10, 2007 June 15, 2018

65.06(-1.83)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 June 15, 2018

700

1020

1340

1660

1980

1,276.30(-29.90)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

2.00(-1.50)

June 14, 2018

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.0

79.5

88.0

96.5

105.0

94.789(+0.017)

June 15, 2018

FBMKLCI 1,761.78 -1.79 127.2M JUN 18 1,758.00 -3.50 6,442 34,918 482JUL 18 1,760.50 -5.00 339 2,283 112SEP 18 1,762.00 -1.50 78 602 21DEC 18 1,757.00 -5.00 25 159 -2TOTAL 6,884 37,962 613

JUN 18 16 2.49 1.02 1.47JUL 18 48 7.79 1.25 6.54ROLL’S FAIR 5.07


Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X PA G E 3 0

G L O BA L M A R K E T S . 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 9

M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5RESEARCH: TAI TS [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI narrowed its losses at market close last Th ursday, but remained in the red in line with its regional peers, dragged by losses at Genting-related stocks and CIMB Group Holdings Bhd. At 12.30pm, the FBM KLCI was down 1.79 points to 1,761.78. Th e index had earlier slipped to its intraday low of 1,745.45. Losers led gainers by 372 to 361, while 372 counters traded unchanged. Volume was 1.62 billion shares valued at RM3.02 billion. Th e top losers included British American Tobacco (M) Bhd, Petronas Gas Bhd, Aeon Credit Service (M) Bhd, Ajinomoto (M) Bhd, Hartalega Holdings Bhd, Genting Malaysia Bhd, CIMB and Genting Bhd. Th e actives included Malayan Banking Bhd (Maybank), Sapura Energy Bhd, My EG Services Bhd, YTL Corp Bhd, Sanichi Technology Bhd, TDM Bhd and Barakah Off shore Petroleum Bhd. The gainers included Nestle (M) Bhd, Petronas Dagangan Bhd, Supermax Corp Bhd, Focus Lumber Bhd, Bursa Malaysia Bhd and Apollo Food Holdings Bhd. Asian shares eased last Th ursday after the US Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening, while concerns about US-China trade frictions kept investors on edge, according to Reuters. Affi n Hwang Capital Research said the FBM KLCI closed fl at last Wednesday and volatility was low with market trading within a range of 9.12 points only. — by Surin Murugiah

FBM KLCI narrows loss, but remains in the red as Genting, CIMB weigh

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)PETRONAS DAGANG 1.42 0.880 25.820 970.3NESTLE (M) 1.18 3.100 148.000 223.6IOI CORP 1.02 0.100 4.700 13224.3TENAGA NASIONAL 0.92 0.100 14.500 16093.3RHB BANK 0.65 0.100 5.810 3341.7SIME DARBY 0.55 0.050 2.600 5802.1SIME DARBY PLANTATION 0.55 0.050 5.510 24436.2HAP SENG CONSOLIDATED 0.53 0.130 9.890 937.7PUBLIC BANK -0.25 -0.040 24.040 8090.1KLCC PROP REIT -0.35 -0.120 7.530 660.0AXIATA GROUP -0.44 -0.030 4.770 7688.9DIGI.COM -0.51 -0.040 4.480 7185.9GENTING -0.56 -0.090 8.550 5733.9GENTING MALAYSIA -1.35 -0.140 5.090 9713.9CIMB GROUP -1.68 -0.110 5.970 19758.9PETRONAS GAS -1.80 -0.560 17.500 1483.0SUB-TOTAL -0.11 OTHERS -1.68 GRAND TOTAL -1.79

1,763.00 1,739.00 1,765.00 1,743.00 1,765.00 1,743.50

Market movers

DOW JONES 25,090.48 -84.83S&P 500 2,779.66 -2.83NASDAQ 100 7,255.76 -23.84FTSE 100 7,633.91 -131.88AUSTRALIA 6,094.00 77.40CHINA 3,021.90 -22.26HONG KONG 30,309.49 -130.68INDIA 35,622.14 22.32

INDONESIA 5,993.63 -113.07JAPAN 22,851.75 113.14KOREA 2,404.04 -19.44PHILIPPINES 7,529.54 -73.44SINGAPORE 3,356.73 -35.78TAIWAN 11,087.47 73.49THAILAND 1,704.82 -5.04VIETNAM 1,016.51 0.51

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

NESTLE 148.000 3.100PETDAG 25.820 0.880PANSAR-WA 0.305 0.300SUPERMX-C31 0.975 0.235SUPERMX 4.100 0.190SUPERMX-C35 0.570 0.190FLBHD 1.250 0.180BURSA 7.940 0.160APOLLO 4.460 0.160UMS 2.650 0.150IGBB 3.070 0.140HAPSENG 9.890 0.130

BAT 35.100 -1.600PETGAS 17.500 -0.560AEONCR 14.460 -0.240AJI 22.080 -0.220HARTA 5.980 -0.220HSI-C3G 0.925 -0.165RAPID 5.680 -0.160GENM 5.090 -0.140PHARMA 3.390 -0.140KLCC 7.530 -0.120CIMB 5.970 -0.110PETRONM 7.920 -0.100

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

PANSAR-WA 0.305 6,000.0MMCCORP-C8 0.010 100.00YTL-C17 0.020 100.00YTL-C19 0.065 62.50POS-C17 0.030 50.00SIMEPROP-CB 0.015 50.00SUPERMX-C35 0.570 50.00FBMKLCI-H4M 0.035 40.00E&O-WB 0.110 37.50NEXGRAM-WA 0.020 33.33IDMENSN-WA 0.020 33.33POS-C15 0.040 33.33

CIMB-C30 0.005 -91.67DIGI-C22 0.005 -90.00GAMUDA-C43 0.005 -66.67ARMADA-C30 0.010 -60.00GENTINGC46 0.005 -50.00IOIPG-CR 0.005 -50.00PMETAL-C6 0.030 -40.00MYEG-C29 0.010 -33.33PETRONM-CM 0.010 -33.33YTL-C14 0.010 -33.33ARMADA-C35 0.020 -33.33PMETAL-C5 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

PANSAR-WA 0.305 6,000.0MMCCORP-C8 0.010 100.00YTL-C17 0.020 100.00YTL-C19 0.065 62.50POS-C17 0.030 50.00SIMEPROP-CB 0.015 50.00SUPERMX-C35 0.570 50.00FBMKLCI-H4M 0.035 40.00E&O-WB 0.110 37.50NEXGRAM-WA 0.020 33.33IDMENSN-WA 0.020 33.33POS-C15 0.040 33.33

CIMB-C30 0.005 -91.67DIGI-C22 0.005 -90.00GAMUDA-C43 0.005 -66.67ARMADA-C30 0.010 -60.00GENTINGC46 0.005 -50.00IOIPG-CR 0.005 -50.00PMETAL-C6 0.030 -40.00MYEG-C29 0.010 -33.33PETRONM-CM 0.010 -33.33YTL-C14 0.010 -33.33ARMADA-C35 0.020 -33.33PMETAL-C5 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

MAYBANK 64,041 0.00 0.000 9.600 9.630 9.520SANICHI 40,346 4.76 0.005 0.110 0.125 0.105SIMEPLT 24,436 0.92 0.050 5.510 5.510 5.360HSI-H4C 23,365 8.24 0.035 0.460 0.475 0.415BJASSET-WB 22,866 -3.85 -0.005 0.125 0.150 0.115ASTRO 22,316 1.26 0.020 1.610 1.640 1.570HSI-H4E 17,648 6.45 0.030 0.495 0.505 0.460HSI-C3B 17,370 -12.86 -0.045 0.305 0.345 0.300LAMBO 16,314 7.14 0.010 0.150 0.165 0.140HSI-H4B 15,073 8.70 0.020 0.250 0.255 0.220IOICORP 13,224 2.17 0.100 4.700 4.700 4.560VSOLAR 13,002 0.00 0.000 0.120 0.125 0.115HSI-H4A 11,019 29.41 0.025 0.110 0.115 0.085HSI-C3E 9,511 -13.58 -0.055 0.350 0.395 0.345GBGAQRS-WA 9,402 0.00 0.000 0.065 0.065 0.050APFT 9,286 0.00 0.000 0.010 0.015 0.010

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 June 14, 2018

1,761.78(-1.79)

1,784.69

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1740.0

1742.4

1744.8

1747.2

1749.6

1752.0

1754.4

1756.8

1759.2

1761.6

1764.0

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

Index point

KL Composite Index

KLCI futures1,758.00

(-3.50)

1,761.78(-1.79)

JUN 18 1,758.00 -3.50JUL 18 1,760.50 -5.00SEP 18 1,762.00 -1.50

Never look backwards or you’ll fall down the stairs. — Rudyard Kipling

MAYBANK 64,041.0 UNCH UNCH 9.600 13.13 5.73SAPNRG 56,822.2 0.005 0.78 0.650 — 1.55MYEG 42,181.1 0.020 2.12 0.965 14.88 1.80YTL 41,767.7 UNCH UNCH 1.060 18.09 4.72SANICHI 40,346.1 0.005 4.76 0.110 — 0.00TDM 32,838.1 0.015 5.88 0.270 — 1.96YTLPOWR 32,139.8 0.015 1.56 0.975 12.05 5.21BARAKAH 31,427.9 -0.010 -5.41 0.175 — 0.00DGB 30,726.7 0.005 3.85 0.135 92.86 0.00FINTEC 29,584.0 0.005 5.56 0.095 0.80 0.00SIMEPLT 24,436.2 0.050 0.92 5.510 8.58 0.00HSI-H4C 23,365.4 0.035 8.24 0.460 — 0.00BJASSET-WB 22,865.8 -0.005 -3.85 0.125 — 0.00ASTRO 22,315.8 0.020 1.26 1.610 11.05 7.23IRIS 21,278.9 0.005 3.85 0.135 — 0.00CIMB 19,758.9 -0.110 -1.81 5.970 12.03 4.11NOVAMSC 19,703.1 0.010 8.33 0.130 — 0.00HSI-H4E 17,647.8 0.030 6.45 0.495 — 0.00HSI-C3B 17,370.4 -0.045 -12.86 0.305 — 0.00LAMBO 16,313.6 0.010 7.14 0.150 15.05 0.00

1,761.78 1.79 5,318.32 83.85 3,356.73 35.78 22,851.75 113.14 30,309.49 130.68 25,090.48 84.831,761.78 1.79 5,318.32 83.85 3,356.73 35.78 22,851.75 113.14 30,309.49 130.68 25,090.48 84.83KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,761.78 1.79 5,318.32 83.85 3,356.73 35.78 22,851.75 113.14 30,309.49 130.68 1,761.78 1.79 5,318.32 83.85 3,356.73 35.78 22,851.75 113.14 30,309.49 130.68