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Expats in Malaysia get lowest pay package in Asia-Pacifi c — survey9 H O M E B U S I N E S S

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MONDAY SEPTEMBER 19, 2016 ISSUE 2250/2016

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




1 9 C O M M E N T

Malaysia urged to introduce conditional unemployment benefi ts

‘No IPO boom approaching but 2017 should be better’

Global IPO scene set to improve, but no visibility in Indonesia yet — Maybank Kim Eng

Rebranding won’t aff ect premium status — Cathay Pacifi c

Th e pre-freeze oil boil

-y


6 H OH OH OOO M EM EM EM EM EM EM EE BBBBBB UU SU SU S II N E S S


conditionalunemployment benefi tsfi

‘No IPO boom approaching but2017 should be better’

Global IPO sceneset to improve, but no visibility in Indonesia yet — Maybank Kim Eng

Rebranding won’t aff ect ffffpremium status — Cathay Pacificfi

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Expats in Malaysia get lowest pay package in Asia-Pacifi c — survey9 H O M E B U S I N E S S

FINANCIALFINANCIALDAILYDAILY




MONDAY SEPTEMBER 19, 2016 ISSUE 2250/2016





1 9 C O M M E N T

Malaysia urged to introduce conditional unemployment benefi ts

‘No IPO boom approaching but 2017 should be better’

Global IPO scene set to improve, but no visibility in Indonesia yet — Maybank Kim Eng

Rebranding won’t aff ect premium status — Cathay Pacifi c

Th e pre-freeze oil boil

-y

http://www.theedgemarkets.com

2 MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V

www.theedgemarkets.com

Super-rich still snapping up ritzy homes

BY R A N I A E L G A M A L

BY L I O N E L L AU R E N T

LafargeHolcim towithdraw from several countries — chairmanVIENNA: LafargeHolcim is considering withdrawing from several markets as part of its efforts to make last year’s mega merger a success, chair-man Beat Hess told weekly Sonntagszeitung. The sale of operations in several coun-tries was an option, he said. The world’s largest cement group, created by a merger between France’s Lafarge and Switzerland’s Holcim, gen-erates 80% of its operational earnings before taxes, depre-ciation and amortisation in 25 countries, the paper quot-ed Hess as saying. He said there was “much potential for improvement” in another 25 countries. — Reuters

VW’s Audi R&D head to be suspended — reportBERLIN: Volkswagen’s (VW’s) Audi head of development will be suspended this coming week as part of the investigation into an emissions scandal, Bild am Sonntag reported citing sources. Investigations by Jones Day have shown that Stefan Knirsch, an Audi board member, knew about the use of cheat software in 3.0 litre diesel engines and gave a false promise under oath, the pa-per said yesterday. Knirsch had already been asked to clear his desk, it said. Audi had admitted that its 3.0 litre V6 diesel engine was fi tted with emissions-con-trol software, deemed as illegal in the US where the scandal had engulfed VW. — Reuters

India blames Pakistan for Kashmir attackSRINAGAR: India directly ac-cused Pakistan of being behind yesterday’s separatist attack on an army base near their disputed frontier that killed 17 soldiers, in one of the most deadly attacks in Kashmir in a quarter-centu-ry-old insurgency. Four “fi day-een” — or commando-style gun-men willing to fi ght to the death — were confi rmed killed after penetrating the base in Uri near the Line of Control with Paki-stan, an Indian army spokesman said. Prime Minister Narendra Modi strongly condemned what he called the “cowardly terror at-tack”. Th ere has been no claim of responsibility. — Reuters

Iran expects US export licence for aircraft soonTEHRAN: Iran has been told that the US will issue export li-cence within weeks to facilitate the purchase of Boeing and Air-bus jets and European ATR tur-boprop planes, a senior Iranian offi cial said yesterday. Approval had been expected by the end of August but that has been pushed back to the end of September, Deputy Roads and Urban Devel-opment Minister Asghar Fakhrieh Kashan said. “Today (yesterday) we are expecting that [approv-al] by the end of September for Boeing, Airbus and ATR,” he told the CAPA Iran Aviation Finance Summit in Tehran. — Reuters

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DUBAI: Iran’s President Hassan Rouhani said Tehran supports any move to stabilise the global oil mar-ket and lift prices, the Iranian oil ministry news agency Shana quot-ed him as saying yesterday.

“Instability and falling oil prices are harmful to all countries, espe-cially oil producers,” Rouhani was quoted as saying by Shana.

“Tehran welcomes any move aimed at market stability and im-provement of oil prices based on justice, fairness and fair quota for all the oil producers,” the president said, referring to a meeting between Opec and non-Opec producers in Algeria next week, Shana said.

LONDON: Europe’s fi nancial sys-tem has a serious game of chicken on its hands.

The US is said to be seeking US$14 billion (RM58 billion) to settle a probe into the sale of resi-dential mortgage-backed securities, a number so big it would surely push the bank into a costly and dilutive capital hike. Deutsche, un-derstandably, is saying “nein” (no).

The bank’s shares and bonds have taken a beating and investors are right to be worried. But it is worth remembering that Deutsche Bank’s weakness may actually give it some leverage (see chart).

It should be obvious to everyone at the US Department of Justice (DoJ) that Deutsche Bank cannot afford US$14 billion. Even if we take a more realistic fi gure of US$8 billion — which is what some in-vestors now expect and is about in the middle of what dovish inves-tors and hawkish US authorities

Tehran backs higher oil pricesIran welcomes any move to stabilise market, says Rouhani

Rouhani was speaking to Ecua-dorean President Rafael Correa on the sidelines of the Non-Aligned Movement Summit in Venezuela on Saturday, Shana reported.

Iran, Opec’s third-largest pro-ducer, has been boosting its oil output after the lifting of western sanctions in January. Tehran re-fused to join a previous attempt this year by Opec and non-mem-bers such as Russia to stabilise production and talks collapsed in April.

Opec members will meet on the sidelines of the International Ener-gy Forum, which groups producers and consumers, in Algeria from Sept 26 to 28. Non-Opec producer Russia is also attending the forum.

Opec will probably revive talks on freezing oil production levels when it meets non-Opec nations in Algeria, sources have told Reuters.

Saudi Arabia and Russia agreed this month to cooperate in oil mar-kets, saying they could limit future output.

However, on Saturday, Opec secretary-general Mohammed Barkindo appeared to play down suggestions of a major agreement by saying the Algiers meeting would be an informal meeting for consul-tations and not for decision-mak-ing, Algerian state news agency APS reported. — Reuters

are looking at — that would still blow through Deutsche Bank’s €5.5 billion (RM25.7 billion) of provi-sions set aside for settlements and fi nes at end-June. Anything above US$4 billion would put pressure on Deutsche Bank’s capital base, which is already weak relative to peers, according to JPMorgan estimates.

Strange as it may seem, that is actually not such a bad negotiating position to be in for Deutsche Bank. The bank reported a hefty 2015 loss and the fi rst half of this year has been pretty grim: net revenues are down by €4 billion and profi ts down by €1 billion. Deutsche Bank is already on its knees — the bank has a case to make that even a US$8 billion payout will be as punitive a deterrent as US$14 billion.

A lot still depends on the politics behind the scenes. Th e current mar-ket sell-off and the threat to Europe’s fi nancial system will likely prompt intervention from the German gov-ernment, which again should help lower the bill. Germany will hope-

fully have better luck in this regard than France, which failed to prevent BNP Paribas’ record US$8.97 billion fi ne over US sanction violations. It is not a sure thing.

Th e risk here is that US negotia-tors may very well feel emboldened by the prospect of Germany step-ping in to insist on US$14 billion or something very close to that. It is another side to this game of chicken: If Deutsche Bank cannot aff ord to pay a mega-fi ne, perhaps the state of Germany can.

But given the risks involved of saddling the bank with such a mas-sive amount, it is still worth it for Germany Chancellor Angela Merkel to push for a reduced bill.

Of course, a reduced claim prob-ably will not prevent dilution risk from rising at Deutsche Bank, whose shares are trading at a third of book value and may get even cheaper if the operating environment doesn’t improve. But the bank is right to say it has no intention of paying “anywhere near” the DoJ’s fi gure. — Bloomberg

See related story on Page 19

US said to seek US$14b settlement from Deutsche Bank

4 H O M E B U S I N E S S MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

More market volatility ahead?Players have mixed views on whether recent sell-off s signal technical correction or looming bear market

BY B I L LY TO H

GEORGE TOWN: A World Bank economist said Malaysia should consider introducing conditional unemployment benefits as part of its fi scal policy to support the labour market, in place of income support programmes like the 1Ma-laysia People’s Aid (BR1M) which can become unsustainable.

“If you run a massive income support programme that is not sus-tainable, it eventually becomes much more expensive,” said Rafael Munoz Moreno, the bank’s senior country economist for Malaysia.

A better option is to provide a conditional cash transfer type of social protection, he said, suggest-ing that the government off er the unemployed with benefi ts that are

M’sia urged to have conditional unemployment benefi tsBY S A N G E E T H A A M A R T H A L I N G A M conditional upon them acquiring

skills sought by the labour market, using existing resources.

Moreno said by providing unem-ployment benefi ts that could tide laid-off workers over a period of three to six months, the government could make it conditional that the workers acquire skills by going for training or skills education.

The economist was speaking to The Edge Financial Daily af-ter addressing participants of the Malaysia Economic Monitor and Open Data Project co-hosted by the Penang Institute and World Bank here earlier this month.

“One of our recommendations is that it is high time for the gov-ernment to consider unemploy-ment benefits in this country to encourage quality,” Moreno said

at the event. “But the whole sup-port income — like increasing [the] people’s income such as [the] min-imum wage, civil servants’ sala-ry and BR1M — while reducing the contribution to the Employees Provident Fund is highly costly.

“Hence, our view is that we don’t expect a major [economic] down-turn, but unemployment could in-crease temporarily. I think an un-employment benefi t would be the right support for the right people at the right time,” he said.

Moreno said providing unem-ployment benefi ts will also improve the quality of matching jobs.

“It is not that you are forced to take the first job that has been offered, but you could take some-thing you are familiar with. I think this is an area the government

can consider,” he said.According to Bank Negara Ma-

laysia, the country’s unemploy-ment rate was recorded at 3.4% in June and is forecast to be between 3.3% and 3.5% in 2016. Last year, the overall rate fell to 2.9% from 3.4% in 2009.

In Budget 2016, the government announced an allocation of RM1.1 billion for 1.6 million civil servants as salary adjustments equivalent to one annual increment according to grades beginning July 1, whereas RM5.9 billion of BR1M was paid out to 4.7 million households and 2.7 million individuals this year compared with RM5.2 billion and 7.8 million recipients last year.

Moreno also referred to the Trans-Pacifi c Partnership agree-ment, saying the proposed trade

pact imposed stringent labour rela-tion conditions on member coun-tries to recognise workers’ unions.

He stressed that hiring foreign workers is not a solution for the skills problem or the lack of skills in Malaysia.

“Th e way immigration is taking place here, and broadly acknowl-edged, is that it is unrelated to the skills issue,” he said. “Th e country is not generating good quality skills for a high-income economy.”

Moreno also pointed out that there is a limit to the number of foreign workers that the country can depend on.

“We cannot keep investing in bringing more foreign workers in. I think the next level should be to raise the skills we need and raise productivity,” he said.

KUALA LUMPUR: The recent global equity sell-off triggered by mixed signals from US Feder-al Reserve (Fed) officials on the Fed’s upcoming interest rate de-cision may continue as investor concerns over upcoming events and doubts about the effective-ness of the unconventional easy monetary policy of major central banks spread.

Month to Sept 15, the FBM KLCI had fallen 1.49% or 25.07 points to 1,652.99; it started the year at 1,692.51. Meanwhile, other indi-ces saw volatile trading last week.

Affi n Hwang Asset Management head of equity strategies and ad-visory Gan Eng Peng shared with Th e Edge Financial Daily that the recent correction in the market was mainly due to comments sur-rounding the rate hike decision in the US that indicated that cheap and easy money might no longer be available.

“While the comments by the Fed officials have either been hawkish or dovish, it has gener-ally been quite ‘neutral’ but in the near term, the market is slightly shaken by all these comments,” Gan said.

Gan also said that a source of weakness in the market was the reversal of foreign infl ows.

“Th ere have been foreign in-fl ows in the last one to two months but since the last couple of weeks, it has turned net sellers, in line with the global sell-off . Net outfl ow in the equity market is refl ected in the stock market and the weaker ringgit. We think the global sell-off is just a correction. It’s not [a] prelude to a market crash,” he said.

He added that the ringgit ap-pears undervalued, but noted that the undervaluation had been there for some time. “We should see some recovery once the outfl ow

stops, which could be in the next couple of weeks,” Gan said.

Gan shared that a lot of market observers are looking towards the upcoming budget and wondering whether it will be a big budget to drive an early general election in 2017. If it is, it will be positive for the market especially for the smaller cap and politically linked companies.

He said that the US election in November will not be a major market event because a lot of the risks have been priced in.

“The risk of Donald Trump’s presidency has been refl ected in the market and I don’t think he’s as radical as his political rhetoric suggests,” Gan also said.

On whether the month of Octo-ber could be another bad month for fi nancial markets as suggest-ed by history, Gan added: “While some of the worst periods had oc-curred in October in the past, the correlation is very little to suggest any connection. We still need to look at the economic data and the underlying drivers of the market.”

Th e October Eff ect refers to the notion that stocks tend to decline during the month although statis-tics prove otherwise. Nevertheless, notable market declines have oc-curred in the month of October, namely Black Monday in 1987 and the crash of 1929.

Inter-Pacifi c Research Sdn Bhd head of research Pong Teng Siew expects the market to head down-wards with more volatility setting in.

“We have a very interesting market, developing in a way that is somewhat scary to me. We are faced with a very volatile peri-od. Th is is because since the early part of this year, there has been a general investing trend with very similar investment strategies. Th ey all crowd into one strategy and that strategy becomes a secret pull strategy that reinforces the stabili-

ty of equities. Th at stability in turn reinforces infl ows into equity. It has caused an upward spiral. But it looks like it has ended.

“What might unfold next could be somewhat unsettling. I don’t know how bad it will get, but it seems the strategy that reinforc-es its way up could also reinforce its way down in a similar man-ner. I’m hoping for the best, but the outcome could be bad for the equity market in the short term,” Pong said.

Just as volatility begets more volatility, Pong cautioned that the volatile period is likely to continue.

Chris Eng, head of research at Etiqa Insurance & Takaful said that the market outlook depends on what happens with the Fed and the Bank of Japan (BoJ)

“There could still be some selling pressure, but I expect the market to stage some recovery on Monday (today) and Tuesday (tomorrow),” Eng said.

According to Eng, the market

has priced in a small possibility of a Fed rate hike in September, but the BoJ has disappointed for failing to stimulate the economy further.

Th is was also in line with Fo-rex Time chief market strategist Hussein Sayed’s view that rising scepticism about the eff ectiveness of future central bank actions will be a major reason for volatility to resume in the months ahead.

“Concerns that the Fed will soon tighten monetary policy has been an excuse to keep cash off the table as investors want to get past the meeting on Sept 21 to adjust their portfolios.

“Th e real question which should be asked is, what have the years of unconventional easy monetary policies by central banks done to the global economy? And the an-swer is simple, very little,” he said.

Eng said that the October month has not been so bad in the last couple of years for the market, and he expects the fi rst half of Oc-tober to be fairly positive. However, uncertainties surrounding the US election in November could be a risk factor.

Mercury Securities research head Edmund Tham, however, expects the volatility to taper as there are only a few days left before the Federal Open Market Com-mittee meets on Wednesday and Th ursday.

According to Bloomberg, the market sees only an 18% chance of a hike in September, 25% in No-vember and 51.6% in December.

Yvonne Tan, general manager of investment services at Eastspring Investments Bhd agreed that there is some volatility in the market, but indicated that the local factors are the bigger concerns for the local markets.

Among the most important fac-tors was a poor and unattractive valuation based on corporate num-

bers, according to Tan.“Th e corporate earnings have

been poor and valuation is not attractive right now with some in-cidents impacting the sentiment among the small- and mid-cap sectors. Malaysia is not cheap right now. We are not seeing growth in overall earnings and we don’t see the market EPS (earnings per share) to grow,” Tan said.

While no particular reason could be off ered, Tan shared that the month of October tends to see poorer investor sentiment. She also does not think the Budget 2017 nor the US election will bring much excitement to the market.

“While the US election is an event that the market is closely monitoring, the eff ect on the Ma-laysian market should be quite minimal,” she added.

From a technical point of view, Loui Low, Malacca Securities Sdn Bhd technical analyst, said that volatility is expected in the coming weeks with the technical trend in-dicating that the market will move downwards.

“It has breached below the im-mediate support level of 1,660 and has given a more negative sign for us to take note of the market. Th e short-term indicator has already triggered a sell signal so any re-bound is likely to be short-lived,” Low said.

Low also said that there might be some truth in what Pong said about the upward spiral in the beginning of the year, saying that there had been net foreign infl ows of about RM7.7 billion in the fi rst few months of this year.

“The buying interest has been depleting and on the selling side recently. The current juncture will be a very crucial one because once it crosses the 1,600 support level, it will be quite alarming, triggering a serious sell signal,” Low added.

INDICES % CHANGE

FBM KLCI -1.49Hang Seng 1.56Strait Times Index 0.24NASDAQ Composite 0.6PSEI -3.00FTSE 100 Index -1.06KOSPI -1.73TWSE -1.84Dow Jones -1.5S&P 500 -1.46Euro Stoxx 50 -3.01Jakarta Composite -2.20CSI 300 -2.68Shanghai Composite -2.68VN Index -3.46Nikkei 225 -2.18SET Index -4.48Source: Bloomberg

Major indices decline month-to-Sept 16

http://www.greenfieldresidence.com.my/


‘IPO scene improvement not visible in Indonesia yet’

‘No IPO boom approaching but 2017 should be better’Year to date, 2016 has been rather unexciting in terms of new listings

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

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

JAKARTA: While there is an expect-ed improvement in initial public off erings (IPOs) going forward, as the global economic situation is anticipated to pick up over the next year or so, the same can’t be said for the Indonesian market yet, said Maybank Kim Eng.

“It’s supposed to be better be-cause the economy is expected to be better. But we haven’t seen this in the pipeline [here] at the moment, as the Indonesian mar-ket has not been doing good until recently,” PT Maybank Kim Eng Securities president director and chief executive offi cer Wilianto Ie told Th e Edge Financial Daily on the sidelines of Invest Asean In-donesia last week.

He said the Indonesian IPO mar-

KUALA LUMPUR: Th e year thus far has been rather unexciting in terms of initial public off erings (IPOs), as only eight companies have gone public, three less than the 10 com-panies and one real estate invest-ment trust that fl oated their shares last year, if one excludes the two exchange traded funds that also went public, according to Bursa Malaysia’s tally.

Based on the number of listings, 2016 may easily catch up to last year’s, as there are a few more com-panies planning their IPOs, includ-ing Eco World International Bhd (EWI), MCA-linked Matang Bhd, laundry equipment cum medical device distributor BCM Alliance Bhd and Perak Transit Bhd.

But value-wise, the picture for 2016 looks rather uninspiring at this juncture as the eight IPOs collec-tively raised only some RM868.67 million.

Th e lowest seen in recent years was RM2 billion in 2008, when the global fi nancial crisis erupted. Last year, RM4.1 billion was netted from 11 listings. Prior to that, it was RM5.9 billion in 2014, RM8.1 bil-lion (2013), RM22.1 billion (2012), RM7.38 billion (2011), RM19.79 billion (2010), and RM12.04 bil-lion (2009).

It doesn’t help that the few planned IPOs for the remainder of this year, mostly slated for the ACE Market, don’t look very substantial — with the exception of EWI’s. Pub-lic transportation services provider Perak Transit, for example, intends to raise only RM36.75 million from its ACE-Market debut next month.

So all eyes are now on EWI, as

ket has been muted over the past two years, with companies holding off their listing plans as they could not get attractive valuations amid the uncertain environment. Th ere is also a gap between the valuation the market expects and what com-panies are vying for.

He hopes the situation would improve as the global economic environment becomes more cer-tain. “When the economy improves, businesses will need to expand and therefore need capital. Th ey still need capital now, but valuations are not attractive,” he said, adding that this is also the case with com-panies in the region.

Wilianto said foreign invest-ments make up a big chunk of In-donesia’s equity market, accounting for up to 60% of the market, while the balance is met by local insti-

tutional investors. Retail investors only make up a minor percentage of the total.

“From that perspective, the risk appetite of global investors contin-ues to be one of the signifi cant driv-ers for the market. We have seen a pickup in sentiment over the past few months and the market contin-ues to gain, as the market expects the US Federal Reserve to not raise interest rates as fast as many feared. Th e improving corporate earnings growth has also helped,” he said.

He said the Indonesian govern-ment has also undertaken various initiatives and structural reforms to strengthen the country’s economy.

One of the toughest reforms, the removal of fuel subsidies, has already been done, he noted, adding that the new tax amnesty programme will also be positive for Indonesia’s economy.

Th e programme is expected to widen the government’s tax base and expand information on taxpay-ers, as participating companies will have to report local and overseas assets that were not disclosed as at end-2015, and pay a fee on un-reported assets.

In exchange, companies will be off ered certain incentives, including the elimination of tax liabilities in previous years, and the government will not search for information on where the assets came from.

Moreover, the information pro-vided by taxpayers cannot be used by the government to investigate any potential breach of tax obli-gations by taxpayers and the in-formation cannot be shared by the government with others, without consent from taxpayers.

“Th e initial expectation is that

there will be a lot of asset repatri-ation. Th at is what the government wants and that will deepen the fi -nancial markets here.

“However, it’s not just about the money, as it is also about restoring confi dence in the system. It will bring the so-called ‘underground economy’ back into the formal economy,” said Wilianto.

He said the programme will im-prove Indonesia’s wealth, trans-lating into better growth in gross domestic production, lowering the perceived country risk, and thus encouraging investment as the risk premium is lowered.

“It’s more of a long-term struc-tural reform. Th e structural reform aspect of the initiative is more im-portant than the money generated from the tax amnesty programme,” he added.

its IPO — expected to raise some RM2.7 billion — is set to be the largest this year. However, origi-nally targeted for July, the exercise has reportedly been set back by the approval process for the entry of a strategic partner. According to the company’s last update in June, EWI, whose property projects are mainly in the UK and Australia, was expecting the Main Market listing to take place either this month or next, despite uncertainties caused by Brexit.

Globally, the appetite for IPOs has dulled considerably over the last 12 months, with global IPO volume falling 38% from 544 list-ings in the fi rst half of 2015 (1H15) to just 339 listings in 1H16.

This is according to a report released last week entitled “Tak-ing Stock: Going Public in Volatile Times”, published by independent mergers and acquisitions intelli-gence service provider Merger-market, in association with global law fi rm Reed Smith, based on data mined from a recent survey.

“In Asia, IPO volume fell by 34% from 297 in 1H15 to 195 in 1H16, refl ecting concerns over the slowing of the Chinese economy and out-

fl ows of capital away from emerging markets,” the report said.

But things may turn for the better sooner. At least the anticipation is there, as the study found that 44% of Asia-based respondents — most-ly senior executives — expect IPO markets in Asia to return to last years’ highs within a year.

“A further 11% believe Asian IPO markets will rebound within six months, while none expects a rebound in other regions,” the study showed.

Back in Malaysia, Etiqa Insur-ance and Takaful head of research, products and alternative invest-ments Chris Eng Poh Yoon said the next few months leading up to April next year should be a good window for the country’s IPOs as the economy is expected to grad-ually improve.

“Sentiment is also expected to improve next year, ahead of the [14th] Malaysian general election [slated to take place in 2018]. Bar-ring an aggressive rate hike regime in the US, things should be positive in the short term,” Eng told Th e Edge Financial Daily.

Similarly, RHB Investment Bank head of research Alexander Chia

Hock Lon believed that the market for IPOs in 2017 should be better than 2016, in terms of both quan-tity and value.

“Th is partly comes from a low base, as 2016 has been relatively quiet so far, [with] mainly small IPOs. We expect the economy in 2017 to be driven by resilient private consumption, public spending on infrastructure and other govern-ment pump-priming initiatives.

“Also the market next year could continue to be buoyed by talk of [an] early election,” said Chia.

Public Investment Bank head of research Ching Weng Jin was of the view that 2016 has been pret-ty much a “non-existent” year in terms of IPOs in Malaysia.

“So 2017 will defi nitely be a bet-ter year in that context, as you’ll probably get a rush in pent-up de-mand as and when [economic] con-ditions start to turn around.

“But for the next six months at least, [it’s] hard to see anything sig-nifi cant happening until we have a bit more clarity on global economic conditions, interest rate directions and its resulting impact on liquid-ity conditions.

“On that score, you’re unlikely

to see larger-scale IPOs as they may not get their desired valuations in the currently weak market envi-ronment,” said Ching.

Of the eight new listings on Bursa so far this year, five were Main-Market listings, namely: Chin Hin Group Bhd, Ranhill Holdings Bhd, Bison Consolidated Bhd, Pec-ca Group Bhd and Dancomech Holdings Bhd. Th e remaining three, LKL International Bhd, Salutica Bhd and HSS Engineers Bhd, were ACE-Market listings.

Water services and power con-glomerate Ranhill’s listing via a re-verse takeover of Symphony House Bhd was the biggest IPO this year thus far, raising RM386 million. However, the fi gure is still a far cry from the RM478.4 million raised by Sunway Construction Group Bhd’s IPO, and the RM2.74 billion raised by Malakoff Corp Bhd’s IPO, both in 2015.

Th e smallest fl otation this year was healthcare furniture and equip-ment manufacturer LKL Interna-tional, which raised only RM22.6 million.

In terms of share-price perfor-mance, Dancomech, which engages in trading and distributing process control equipment and measure-ment instruments, seems to have done the best compared with its fellow debutantes.

Its share price had surged 62.5% to RM1.30 last Th ursday from the close of its maiden trading day of 80 sen on July 21, valuing it at RM193.7 million.

In contrast, LKL’s share price has declined 7.1% to 26 sen since its May 16 listing, trimming RM8.6 million off its market capitalisation, leaving it with RM111.49 million.

New listings on Bursa Malaysia in 2016 so far LISTING IPO PROCEEDS FIRST-DAY LISTING CLOSING PRICE AS MARKET CAP AS ATCOMPANY MONTH (RM MIL) CLOSING PRICE (RM) AT SEPT 15 (RM MIL) CHANGE (%) SEPT 15 (RM MIL)

Ranhill Holdings Bhd March 386 1.01 0.95 -5.94 843.9Chin Hin Group Bhd March 83.33 0.82 0.91 10.98 460.36Bison Consolidated Bhd March 88.68 1.17 1.74 48.72 539.52Pecca Group Bhd April 129.4 1.71 1.93 12.87 362.84LKL International Bhd May 22.6 0.28 0.26 -7.14 111.49Salutica Bhd May 80.8 0.825 1.31 58.79 508.28Dancomech Holdings Bhd July 30 0.8 1.3 62.5 193.7HSS Engineers Bhd August 47.86 0.57 0.565 -0.88 180.28Source: Bursa Malaysia


‘Rebranding won’t aff ect premium status’We are giving the best to Malaysia, says Cathay Pacifi c country manager

BY C H E S T E R TAY

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

KUALA LUMPUR: Loss-making SriLankan Airlines Ltd is seeking to improve its load factor on its profi table Kuala Lumpur route. It currently operates two daily fl ights between Colombo and Kuala Lum-pur with a passenger load factor of 85% during peak period and 75% during off -peak period.

“We have a newly appointed gen-eral sales agent (Oscar Travel Servic-es Sdn Bhd) in Kuala Lumpur with eff ect from March which has helped to increase our load factor,” said Sri-Lankan Airlines chairman Ajith Dias.

The flag carrier is nearly 95% owned by the Sri Lankan govern-ment, which is in the process of hiv-ing off up to 49% of the shareholding to a new foreign business partner.

“Interestingly, we have discov-ered our business class fares from Kuala Lumpur to London [with a transit in Colombo] are very compet-itive compared with other full-ser-vice carriers offering the same route,” Dias said in a recent interview with Th e Edge Financial Daily. “In fact I would say it is one of the cheap-est fares compared with other full-service carriers.”

Another destination off ered by

KUALA LUMPUR: Cathay Pacifi c Airways Ltd said its decision to replace the Cathay Pacifi c brand with Cathay Dragon for its Kuala Lumpur fl ights will not aff ect its status as a premium full-service carrier in Malaysia.

Last month, Cathay Pacifi c an-nounced that it will transfer its four daily flights between Hong Kong and Kuala Lumpur to whol-ly-owned sister airline Dragonair next year, as part of a rebranding exercise for Dragonair to be re-named as Cathay Dragon.

Dragonair is currently operating in Malaysia, with 11 weekly fl ights to Penang and fi ve weekly fl ights to Kota Kinabalu.

Cathay Pacifi c’s newly appointed country manager for Malaysia and Brunei, Anna Choi, said that from May next year, the only noticeable diff erence on the “Cathay plane” fl ying to Kuala Lumpur will be the logo on its tail.

“From green tail to red tail. [But] you will see the same service of Cathay Pacifi c standard, and we are still using a wide-body, so in terms of aircraft type, there will be no change, it is just the livery,” she said in an interview recent-ly with Th e Edge Financial Daily,

two weeks upon moving to Kuala Lumpur after having served as the group’s Sri Lanka and Maldives country manager.

According to a report by the Nik-kei Asian Review, the rebranding decision was slammed by a group of shareholders at Cathay Pacifi c’s annual general meeting in Hong Kong in May, with some calling it a “costly cosmetic exercise”.

Th e airline’s top management, however, defended the decision, ar-guing that it helps to tell that Cathay Pacifi c and Dragonair are part of the “same family of airline”. Cathay Pacif-ic chairman John Slosar reportedly said that the group “fi nd it necessary to improve their seamlessness not just in China, but globally.”

Choi said that Cathay Pacific and Cathay Dragon will remain as two separate airlines. “Th ey are both full-service carriers, off ering premium full-service products, not low-cost,” she said.

Th e rebranding, she added, was aimed at aligning the two brands and bringing “consistent and seamless service” to passengers of both airlines.

“Th is is an expansion plan for both Cathays, and we are very com-mitted to Malaysia. So, of course there is no plan of pulling out,” she said when asked if the change

SriLankan Airlines seeking to boost load factor on Kuala Lumpur route

the airline that has seen a lot of in-terests from travellers embarking from Kuala Lumpur is the island nation of Maldives.

“We have fi ve fl ights per day to Malé [in the Maldives] from Co-lombo and we also fl y to Lahore [in Pakistan] from Colombo, which are places that have garnered travelling interests from passengers embark-ing from Malaysia,” said Dias.

SriLankan Airlines is also a mem-ber of the Oneworld airline alliance since May 2014, the fi rst carrier from the Indian subcontinent to join the grouping, whose members include top brands in the airline business such as British Airways, Cathay Pacif-ic, Qantas and Malaysia Airlines Bhd.

However, it has not been all smooth sailing for the airline which has been in the red since 2008, with accumulated losses as at March 31, 2015 of 128.24 billion Sri Lan-kan rupees.

According to Sri Lankan media reports, the downfall of SriLankan Airlines started in 2008 following the exit of Emirates, which sold its 43.6% stake in the company to the Sri Lankan government, then led by former president Mahinda Rajapaksa, and the departure of Emirates-appointed chief execu-

meant that Cathay Pacifi c was ex-iting the Malaysian market.

“Th e beauty of it is passengers will fl y on the best regional carrier, because Dragonair has been named the best regional carrier under the Skytrax awards. We are giving the best to Malaysia,” added Choi, who was manager of Dragonair’s oper-ation in East Malaysia and Brunei from 2010 to 2013.

Th e rebranding was announced on Jan 28 and Malaysia will be the fi rst country in the region to see

the Cathay Pacifi c brand replaced with Cathay Dragon.

“Th is is a progressive develop-ment plan for both Cathays,” said Choi when asked if all routes in the region will see a similar change. “As a group, we will continue to review our growth and expansion plan, but at this moment, we don’t have such a plan to replace all [of] Cathay Pa-cifi c’s regional routes with Cathay Dragon.”

Therefore, Choi said for the Southeast Asia region, there will still

be a mix of the two Cathay brands.As of July, Dragonair served 52

destinations with Cathay Pacifi c also fl ying to 10 of these places, namely Beijing, Shanghai, Banga-lore, Fukuoka, Tokyo, Malé, Cebu, Manila, Colombo and Taipei.

“What we are off ering is the fl ex-ibility. Take Taipei as an example, both Cathays have a combined fre-quency of up to 16 times a day, that is equivalent to almost a fl ight in every hour a day,” she explained.

“We are operating 44 fl ights a week out of Malaysia now and we will continue with this. So far, we are very happy with what we are having here,” she added.

Choi went on to say that while Ca-thay Pacifi c’s results for the six months ended June 2016 (1HFY16) was “not so encouraging”, its Malaysian oper-ation is on a positive growth trend.

“In general, I would say that we are on a positive growth trend com-pared with the past,” she said.

Cathay Pacific’s net profit for 1HFY16 plunged 82% to HK$353 million (RM188 million), from HK$1.97 billion in 1HFY15. Rev-enue fell 9.3% to HK$45.68 billion from HK$50.39 billion. Th e poorer results were attributable to slower Chinese economic growth and fall-ing consumer demand for premi-um class seats on long-haul routes.

Choi: Cathay Pacifi c and Cathay Dragon are both full service carriers, off ering premium full service products, not low-cost. Photo by Shahrin Yahya

tive offi cer Peter Hill following a reported dispute with Rajapaksa.

Rajapaksa had then appointed his brother-in-law Nishantha Wick-ramasinghe as the chairman of Sri-Lankan Airlines. Alleged corruption involving the Rajapaksa adminis-tration has been cited as one of the causes for the airline’s downfall.

However, the present govern-ment under the leadership of Pres-ident Maithripala Sirisena has em-barked on a turnaround plan to set things straight in the ailing airline.

Dias, who was appointed as chairman of the airlines in Febru-ary last year, is not from the airline industry. He is a pioneer in the apparel indus-try in Sri Lanka, hav-ing co-founded the Brandix Group, which is the coun-try’s leading apparel solutions company.

“With the change in govern-ment in January last year, there were changes all over and I was given this rather difficult job of turning the airline around.

“What we did then was to em-ploy former Sri Lankan Airlines employees who had worked in oth-er airline and airline businesses abroad and who had reached the top of [their] careers. We managed to attract them to come back and serve top management, which made a lot of diff erence,” said Dias.

“We have [since] reduced our losses considerably, in fact our op-erational fi gures have improved by 70% which is a lot,” said Dias.

He added that the main prob-lem impacting the company’s fi -nancials is a huge debt amount-ing to US$600 million (RM2.49 billion) that was inherited from

the previous management.“Th e present government has

pledged to take that debt of the

airline’s balance sheet and the mo-ment we get that debt off our balance sheet we will be close to profi tability or breaking even this year,” said Dias.

Th e group will also be embark-ing on a rightsizing of its workforce, which currently stands at 6,800. “At present, we are roughly 15% overstaff ed, so we have identifi ed that we need to trim at least 10% to 12% of our workforce, but we are waiting for the fi nal nod from the government on this,” said Dias.

Th e airline has been on a look-out for a business partner — its fi rst since the departure of Emirates — that could take up to a 49% stake in the airline.

“Th e expressions of interest for the role of business partner has end-ed, the [selection] process is being carried out by the government,” said Dias. “I understand there are about 10 possible applicants. Th e govern-ment may then shortlist this into three applicants, the whole process would take several months.”

He added that the foreign partner would provide the “extra push” in the management areas of the airline.

SriLankan Airlines operates a fleet of 21 aircraft, including wide-bodied A330 aircraft, A321 aircraft and mid-range A320s.

“The moment we get that debt off our balance sheet we will be close to profi tability or breaking even this year,” said Dias. Photo by Suhaimi Yusuf

H O M E B U S I N E S S 9MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

Expats in Malaysiaget lowest pay packagein Asia-Pacifi cAs value slips in the face of a weaker ringgit

KUALA LUMPUR: CIMB-Prin-cipal Islamic Asset Manage-ment (Ireland) PLC said it has obtained approval from the Central Bank of Ireland to launch its Global Sukuk UCITS Fund, Malaysia’s first global sukuk fund under the under-takings for collective invest-ment in transferable securities (UCITS) funds structure.

In a statement yesterday, CIMB-Principal Islamic As-set Management Sdn Bhd (CIMB-Principal Islamic) said it will act as the investment manager and master distribu-tor of the fund, adding that the fund reaffirms CIMB-Principal Islamic’s continuous support towards developing Malaysia as a hub for Islamic finance products on the global stage.

According to the statement, the US dollar-denominated fund seeks to maximise total returns over the medium- to long-term through a combi-nation of capital growth and income by investing primari-ly in a diversified portfolio of Syariah-compliant fixed-in-come securities (sukuk) issued by government and govern-ment-related entities, corpo-rates or supranational entities, based mainly in the Middle East and Asia.

CIMB-Principal Islamic chief executive officer Datin Seri Norashikin Mohd Kassim said, “The fund will appeal to investors looking for ethical investments with stable re-turns in major currencies, for example, US dollar, by tapping into the sukuk of leading issu-ers, predominantly sovereign and sovereign-related credits in the Middle East and Asia.”

“We believe sukuk offers su-perior risk-adjusted returns and diversification benefits to investors due to the lower volatility and lower correlation

CIMB-Principal Islamic launches Malaysia’s fi rst global sukuk fund under UCITS structure in Dublin

BY TA N C H O E C H O E

KUALA LUMPUR: The average expatriate who works in Malay-sia now gets the lowest payment package in the Asia-Pacific, lower than his or her peers in Sri Lanka and Pakistan, as the value of what Malaysian employers pay slips in the face of a weaker ringgit.

The average cost of a total ex-patriate package for middle man-agers in Malaysia now lies at just over US$176,000 (RM730,400), compared to US$239,400 in Singa-pore — the ninth-highest paying country in the region — accord-ing to the latest expatriate mar-ket pay survey published by ECA International. The firm provides information and solutions for the management and assignment of employees worldwide.

In terms of absolute ranking, Malaysia is now two spots behind where it was last year, according to the annual MyExpatriate Market Pay survey by ECA International, which it has conducted for about 40 years.

The impact of currency con-version aside, expatriates here get paid relatively cheap because, to begin with, Malaysia is a pretty cheap location in terms of cost of living compared to other coun-tries, said ECA International’s regional director for Asia, Lee Quane, in an email reply to The Edge Financial Daily recently.

“This means that allowances, commonly provided to expatriate staff globally to ensure that their home country purchasing power is protected, are lower or even not provided to staff assigned to Malaysia.

“Secondly, the cost of provid-ing benefits in Malaysia is low compared to others in the region. This is particularly true for accom-modation and education, which are usually the two biggest costs. Although not as low as Hong Kong and Singapore, the tax rate in Ma-laysia is also relatively low, again keeping the total cost to the com-pany down,” explained Quane.

Thus, looking at the reasons for all of the above, Quane said it “is not a cause for concern for Malaysia and is reflective of the costs of goods and services here”.

“In terms of strategic decisions, it means that the cost of sending an employee to work in Malaysia is relatively cheap and so [the country] should remain an at-tractive option for companies,” added Quane.

Malaysia has been relatively cheap for a long time compared to some other locations in Asia,

Total expatriate package breakdown in Asia-Pacific Middle Manager

(US$ ’000)

Source: ECA International

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noted Quane, although both In-donesia and Pakistan had cheaper packages five years ago.

“Very high inflation in both of those countries has pushed those companies up the charts above Malaysia. As we saw earlier, one of the main reasons for the de-crease has been the weakening of the ringgit. This does mean that employees may feel worse off than they did before, especially if they have to send money back to their home countries,” noted Quane.

Still, from a company’s point of view, the relative fall down the chart is a good thing as the lower cost means Malaysia remains a “very attractive location for send-ing employees”.

Which may be why the number of expatriates coming here has not dwindled but continued to rise, in line with global trends over the past 20 years. According to ECA International’s latest Managing Mobility 2016 survey, Malaysia was the eighth most popular des-tination — fifth among Asian lo-cations — for companies to send employees.

“Generally, we find that the number of expatriates being sent to a country is heavily dependent on the gener-al economic prospects of that country, as compa-nies continue to look for markets showing strong growth where they can expand their business-es,” added Quane.

Engineering and tech-nology, along with petro-chemicals and banking, are the biggest industry groups represented in the Man-aging Mobility 2016 survey, which reflects the strength of those industries in the Ma-laysian economy.

Although the current low oil

BY Y I M I E YO N G to conventional equities and fixed income. We expect strong demand for the Global Sukuk UCITS Fund given the current volatile equity markets and a shortage of good sukuk issu-ances in the market,” she said.

“The outlook for global sukuk issuances in 2016 will remain constructive due to strong underlying credit funda-mentals and the need to access capital markets to close budget gaps. UCITS funds, governed by strict international regu-lations, provide an excellent platform for investors to access global investment opportuni-ties efficiently. Additionally, global investors can leverage on our investment expertise as the premier Syariah-compli-ant asset manager,” said No-rashikin.

Historically, global sukuk has outperformed convention-al emerging markets’ bonds during periods of market downturns. Global sukuk is-suances have witnessed rapid growth over the years.

The total issuance from Jan-uary 2001 to December 2015 was US$767.1 billion. Mean-while, 2012 recorded the high-est global sukuk issuance, amounting to US$137.6 billion.

In recent years, the UK, Hong Kong, South Africa and Luxembourg have also issued sukuk, creating a diversifica-tion of new issuances.

A s a t J u l y 3 1 , 2 0 1 6 , CIMB-Principal Islamic man-aged a total of US$608 mil-lion (RM2.52 billion) in global sukuk mandates.

find that the ates being s heavily gener-

ects of mpa-ok fortrong

y canness-

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price situation is impacting the oil and gas industry in Malaysia — which generally employs large numbers of expatriates — Quane believed the Malaysian economy “should be diverse enough overall to continue to show strong growth and attract investments”.

Ongoing corruption allega-tions in the country, however, is another hurdle. Quane noted that it may have a negative effect on general business sentiment and in turn impact the number of ex-patriates being sent to Malaysia.

Meanwhile, he shared that most expatriates in Malaysia come from Singapore, the UK, Australia and Thailand and work for Malaysian companies which are bringing employees to their headquarters.

“For employees, Malaysia should still be seen as an attrac-tive location, but they may be concerned that the salary they re-ceive in ringgit may be worth less in their home country. There are actions that companies can take to ensure that their employees don’t lose out this way, such as paying part of the salary in the home country’s currency,” said Quane.

That said, air pollution and personal security remain issues that need to be addressed for expatriates working here, which may account for Kuala Lumpur’s two-spot slide to 120th in terms of most liveable location in the world for Asian expatriates in ECA International’s most recent Loca-tion Ratings Survey.

Otherwise, Kuala Lumpur of-fers excellent facilities, recreation, good quality housing, and more, which are important factors to expatriates, said Quane.

Fund will appeal to investors looking for ethical investments with stable returns.

Quane says that most expatriates in

Malaysia come from Singapore, the UK, Australia and

Thailand.

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1 2 ST O C KS W I T H M O M E N T U M MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

www.theedgemarkets.com

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

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

H O M E BU S I N E S SSHARES in K Seng Seng Corp Bhd (funda-mental: 1.15/3, valuation: 1.4/3), which closed up 4 sen or 9.5% at 46 sen last Th ursday, trig-gered our momentum algorithm for the fi rst time this year.

It saw 1.49 million shares traded, compared to its 200-day average volume of 32,325 shares.

K Seng Seng makes secondary stainless steel products such as welded stainless steel tubes and pipes, and stainless steel

industrial fasteners.For the fi rst half of its fi nancial year end-

ed June 30, 2016 (1HFY16) K Seng Seng re-ported a 49.7% rise in net profi t to RM1.27 million from RM847,000 a year ago, mainly on higher margin due to lower cost of sales, though revenue slid to RM50.53 million from RM50.95 million.

At its current share price, K Seng Seng is trading at 0.6 times its book value.

SHARES in Paos Holdings Bhd (fundamental: 2.35/3, valuation: 1.4/3) closed up 2 sen or 1.71% at RM1.19 last Th ursday, the second time it triggered our momentum algorithm this year.

Some 478,800 of its shares were ex-changed, compared to 46,245 shares in the last 200 days.

On Sept 9, the soap manufacturer and owner of Th e 5 Elements Hotel in Jalan Sul-tan, Kuala Lumpur, announced its plan to

issue 60.39 million bonus new shares, on the basis of one bonus share for every two existing shares held (1-for-2), to improve the trading liquidity of its shares.

Th e bonus issue will be followed by the issuance of 90.58 million free warrants on the basis of one warrant for every two shares held.

At the current share price, Paos is trad-ing at 1.43 times its book value and at 41.6 times its trailing 12-month price earnings.

SHARES in PBA Holdings Bhd (fundamen-tal: 2/3, valuation: 2.6/3) closed up 2 sen or 1.7% at RM1.17 last Th ursday, with 2.59 mil-lion shares done, far exceeding its 200-day average volume of 245,248 shares.

PBA is the holding company for Perba-danan Bekalan Air Pulau Pinang Sdn Bhd. Th e company supplies water and is the li-censed water operator for the state of Penang.

For the fi rst half of its fi nancial year end-ed June 30, 2016 (1HFY16) PBA’s net profi t

rose 37.6% to RM22.25 million from RM16.17 million a year ago. Revenue for 1HFY16 was 18.1% higher at RM164.83 million from RM139.6 million a year ago.

Th e company’s cash balance as at 1HFY16 stood at RM69.13 million, while total loans and borrowings stood at RM55.52 million.

At the current share price, PBA Holdings is trading at 8.79 times its trailing 12-month price-earnings and at 0.5 times its book value.

KUALA LUMPUR: Internal auditors’ role in companies are challenged when shareholders or owners treat their rec-ommendations or statements as “noises”, instead of recognising them as a partner in enhancing good governance practic-es, said the Institute of Internal Auditors (IIA) Malaysia.

“There have actually been studies indicating that better governance trans-lates into better shareholders premium.

“If you look at the share price of some multinationals in overseas countries, the fact their share price has seen a steady growth is due to governance being in place,” said IIA Malaysia vice-president Mohd Khaidzir Shahari in a recent in-terview with Th e Edge Financial Daily.

He stressed that there is no grey area when it comes to the role internal audi-tors have to play in keeping a company on the straight and narrow.

“A robust internal audit plan is one that encompasses the areas of govern-ance, risks and controls (GRC), three key elements to ensuring a company’s [performance] is sustainable.

“If GRC is covered, there should not be any grey areas to the internal audit function, unless the areas touching on governance, which involves the board of directors, is infl uenced by the audit committee. In that sense, a weak internal auditor can be associated with a weak audit committee,” said Mohd Khaidzir.

Th e other challenge for internal au-ditors is overcoming the perception that they are just there as “gatekeepers”.

Pigeonholing may seem natural, given that the traditional role of the internal auditor is on compliance, but Mohd Khaidzir said corporations should re-alise that there is so much more that internal auditors can off er to an organ-isation, like providing consultation to enhance effi ciency.

In the International Professional Prac-tices Framework, which is a conceptual framework that sets out the authoritative guidance promulgated by the IIA, the role of the internal auditor is to provide

Internal auditors not ‘noisemakers’ or mere ‘gatekeepers’BY S U P R I YA S U R E N D R A N not just assurance but consulting activities.

Th e mission is to enhance and protect organisational value by providing risk-based and objective assurance, advice and insight.

And internal auditors should follow a certain set of guidelines and standards when carrying out their duties, such as the International Standards for the Pro-fessional Practice of Internal Auditing (Standards) by IIA, said Mohd Khaidzir.

“One of the requirements of the Stand-ards is for the internal audit function to be reviewed at least once in every fi ve years by an accredited external party.

“However, not many corporations are practicing this as it is not part of the listing rules to have the internal audit function reviewed,” said Mohd Khaidzir.

Th e recent Proposed Draft of the Malay-sian Code on Corporate Governance (CG) 2016, posted on the Securities Commission Malaysia website, cited the IIA’s Standards as an example which the internal audit function could adhere to.

“Th e proposed draft of the Malaysian CG Code 2016 has opened up a lot of oppor-tunities for the IIA to provide our services.

“For example, there is a requirement in the code for the head of internal audit, or the outsourced internal auditor, to be a member of a professional body and also to have received relevant training for ex-ecuting the function.

“Th e IIA could then provide training and continuing professional education hours for internal auditors as well as cer-tifi cation programmes such as Certifi ed Internal Auditor, Certifi cation in Control Self-Assessment and many more,” said Mohd Khaidzir.

IIA Malaysia currently has over 3,000 members. Globally, the institute has about 200,000 members.

On Oct 10 and 11, IIA Malaysia will be organising its 2016 National Confer-ence. Themed “Navigate Waves of The Digital Revolution”, the conference aims to highlight the potential threats and in-sights of riding the wave of disruptions from this digital age, and give emphasis on good governance and ethical deci-sion making.

K SENG SENG CORP 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

1.401.15

19.23(0.70)

0.601.74

44.1696.00

0.840.35-0.47

*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

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

1.402.35

41.570.431.432.10

143.72120.78

0.090.59-1.19


PBA HOLDINGS 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

2.602.008.790.110.503.21

387.27331.00

0.590.98-1.34


K SENG SENG CORP BHD (-ve)

PAOS HOLDINGS BHD (-ve)

PBA HOLDINGS BHD (+ve)

Mohd Khaidzir: Corporations should realise that there is so much more that internal auditors can off er to an organisation, like providing consultation to enhance effi ciency. Photo by Patrick Goh

1 4 P R O P E RT Y MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

Boost for bullet train IPOJR Kyushu earns most of its profi t from station, real-estate businesses

BY C H R I S C O O P E R & K I YOTA K A M AT S U D A

TOKYO: Japan’s bullet train oper-ators are fi nding it also pays to run hotels, shops, restaurants and own real estate.

A planned ¥392 billion (RM15.91 billion) sale of Kyushu Railway Co, also known as JR Kyushu, by the government in an initial public off ering (IPO) may draw investor interest in its property and other businesses more than its rail ser-vice, according to Mitsushige Aki-no, an executive offi cer at Ichiyoshi Investment Management Co.

JR Kyushu, a train operator on Japan’s third-largest island, gets most of its profi t from its station and real-estate businesses that in-clude hotels and shopping centres, while non-transportation services account for about half its sales. Record arrivals of tourists from abroad are spurring demand for the establishments run by the railway, based in Fukuoka city.

“JR Kyushu is more like a re-gional real estate company,” said Akino. “Th ey’re benefi ting from an increase in overseas tourists. Th ey have that side that’s fl ourishing.”

He said he is considering buy-ing its shares.

State-owned Japan Railway Con-struction, Transport and Technol-ogy Agency, which fully owns JR Kyushu, is off ering all its 160 mil-lion shares at an indicative price of ¥2,450 apiece, according to a fi ling last Th ursday.

JR Kyushu will become the fourth government-owned railway compa-ny created from the breakup of Japan

Railways in 1987 to be privatised.One of JR Kyushu’s drawbacks

is that its population is dropping, along with the whole country. Still, JR Kyushu is forecasting higher sales for the current fi scal year. It expects net income of ¥38.2 billion in the year ending March 31, with sales forecast to increase 0.2% to ¥379 billion. The train operator

had a net loss of ¥433 billion last fi scal year, as it booked a one-time ¥479 billion cost for depreciation of railway assets.

It earned ¥20.4 billion in operat-ing profi t from its station and real es-tate businesses last fi scal year, com-pared with total operating income of ¥20.8 billion, according to fi gures from the company. — Bloomberg

LONDON: Ikea, the world’s biggest furniture retailer, has selected asset manager Pradera as the lead bid-der to buy 27 European retail parks surrounding its stores, according to a person with knowledge of the matter.

Waldorf’s new owner vows to work with NYCNEW YORK: The new owner of Manhattan’s Waldorf Asto-ria said it will work with New York City officials to maintain the hotel interior’s distinctive Art Deco details after pres-ervationists raised concerns that a condominium conver-sion may threaten them. An-bang Insurance Group Co, a Chinese insurance company that last year bought the ho-tel for US$1.95 billion, dis-puted assertions by the New York Landmarks Conservancy preservation group that it had refused to support landmark protection for the hotel’s in-teriors during a meeting of representatives of both organ-isations.— Bloomberg

Vancouver leads fourth straight monthly fall OTTAWA: Canadian home sales fell for the fourth straight month in August, with Van-couver leading the decline after the introduction of a sales tax on foreign buyers. Th e number of transactions in Greater Vancouver dropped 18.8% from July, and there was a 10% fall in the nearby Fraser Valley, the Canadian Real Estate Association said last Thursday from Ottawa. Th e national total fell by 3.1% on the month, with the decline blunted by a 2.1% gain in To-ronto. — Bloomberg

NZ extends anti-money laundering rulesSYDNEY/WELLINGTON: New Zealand will extend its anti-money laundering laws to cover real estate agents and other professions amid fears the country has become a soft target for illegal fund fl ows that have also helped inflate the property market. Soaring prop-erty prices have become a hot issue among the New Zealand public and there are concerns that laundered money has fuelled the boom. — Reuters

I N BR I E F

Ikea seeks to buy €1b in retail parks — sourceBY J A C K S I D D E R S & S H A R O N S MY T H

Pradera has offered about €1 billion (RM4.63 billion) to buy the assets which are being sold through broker Cushman & Wakefi eld Inc, the person said, asking not to be identified because the informa-tion is private. Spokesmen for Ikea, Pradera and Cushman & Wakefi eld declined to comment.

Buyers are investing record

amounts in European shops to benefi t from the region’s growing economy and rising property val-ues. More high-street and shopping mall retailers are opening in the re-gion’s retail parks because of their lower costs, the opportunity to test new store formats and the need to supply click-and-collect services to customers, Cushman & Wakefi eld

said in an August report.Twelve of the Ikea properties are

in Germany, with the rest scattered across Poland, Sweden, France, Finland, Switzerland and the Czech Republic, a spokesman said in May when they were off ered for sale. Ikea will have 25 retail parks in Europe after the sale is complete, she said at the time. — Bloomberg

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www.theedgeproperty.com

1 6 B R O K E R S’ C A L L MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

Astro posts 4.9% higher 1HFY17 profit

Eversendai Corp Bhd(Sept 15, .47 sen)Upgrade to buy with an un-changed target price (TP) of 64 sen: With Eversendai Corp Bhd’s investment in Technics Oil & Gas Ltd fully impaired, we expect headline net profi t to normalise going forward. An outstanding order book of RM2.4 billion also provides good near-term earnings visibility. Our fi nancial year end-ing Dec 31, 2016 (FY16) to FY18 core net profit (CNP) forecasts are raised by 15%/36%/33% after increasing our FY16/ FY17/FY18 job wins assumptions to RM2 bil-lion/RM1.5 billion/RM1.5 billion. Reflecting its high gearing and receivables, we continue to peg the stock at 0.5 times price-to-book value (-1 standard devia-tion). Selling on the stock seems overdone, refl ecting a worst-case scenario. With a 42% upside to our unchanged TP, we upgrade the stock to “buy”.

Given that its investment in 29.9%-associate Technics Oil & Gas has been fully impaired, we do expect headline earnings for Eversendai to normalise in the subsequent quarters in the ab-sence of fair value losses. To recall,

Eversendai had impaired a total of RM102 million in 1HFY16 on the back of Technics’ slump in share price and with Technics having been put under judicial manage-ment in May. Th is “kitchen sink-ing” is a positive for Eversendai, allowing it to refocus on growing its core segments.

Eversendai has enjoyed a stel-lar year in terms of order book re-plenishment with RM1.53 billion of job wins year to date 2016 (2015: RM1.73 billion). Coupled with a current tender book of RM20 bil-lion, the group is confi dent that its 2016 job wins could hit a record high of RM2 billion. We increase both FY17/FY18 job win assump-tions to RM1.5 billion each. Th is led to higher FY16/FY17/FY18 CNP forecasts by 15%/36%/33%.

Eversendai expects to deliver the fi rst liftboat in the fi rst half of FY17 (1HFY17). Net gearing remains high at 0.67 times end-June 2016 compared with 0.32 times end-2014, due also to a smaller shareholders’ fund af-ter 1HFY16’s RM102 million im-pairment. Eversendai’s balance sheet strains should ease when it delivers the liftboats in 2017. — Maybank IB Research, Sept 15

Eversendai’s investment in Technics fully impaired

Astro Malaysia Holdings Bhd(Sept 15, RM2.92)Maintain buy with a higher tar-get price (TP) of RM3.30: Astro Malaysia Holdings Bhd reported a higher fi rst half ended July 31, 2016 (1HFY17) core net profit (CNP) by 4.9% year-on-year (y-o-y) to RM373.5 million, on the back of a higher revenue of RM2.79 billion, an increase of 3.4% y-o-y.

1HFY17 CNP was within our expectations but above consensus, accounting for 53% and 57% respec-tively of fi nancial year ending Jan 31, 2017 (FY17) estimate forecasts. Also, Astro announced an interim dividend per share (DPS) of three sen, bringing 1HFY17 total DPS to six sen (versus 1HFY16 total DPS of 5.5 sen).

Sequentially, Astro’s 2QFY17 rev-enue rose by 4.8% quarter-on-quar-ter (q-o-q) to RM1.43 billion driven by an increase in average revenue per user (Arpu), NJOI (Malaysia’s fi rst free satellite TV service) sub-scribers, advertising expenditure (adex) revenue, home shopping business as well as radio division. Th is off sets the decrease in pay-TV subscribers. Unfortunately, the earnings before interest, tax-es, depreciation and amortisation margin in 2QFY17 declined by fi ve percentage points q-o-q to 29.9% mainly attributed to the higher con-tent costs, particularly due to Euro 2016. CNP after excluding foreign exchange loss and fair value loss on derivatives also declined by 21.5% q-o-q to RM164.2 million.

We leave our fi nancial year end-ing Jan 31, 2017 (FY17) to FY19 core earnings per share (EPS) forecasts unchanged post the 1HFY17 results. We maintain our “buy” rating on

Felda Global Ventures Holdings Bhd(Sept 15, RM2.25)Initiate hold with a target price (TP) of RM2.44: Felda Global Ven-tures Holdings Bhd (FGV) is one of Malaysia’s leading globally diversi-fi ed agricultural players, operating under six main business clusters namely: i) palm upstream; ii) palm downstream; iii) trading, market-ing and logistics (TML); iv) sugar, via 51%-owned listed subsidiary MSM Malaysia Holdings Bhd; (v) research and development and agri-services; and vi) rubber.

We believe its fresh fruit bunch (FFB) yield would have hit its trough by now, and would im-prove from fi nancial year ending Dec 31, 2017 (FY17) onwards, un-derpinned by: a) Th e absence of adverse weather conditions, as weather forecasters recently in-dicated that the likelihood of a La Nina event has diminished; and b)

Astro Malaysia Holdings Bhd FYE JAN (RM MIL) 2015 2016 2017E 2018E 2019E

Revenue 5,231.4 5,475.4 5,719.5 5,931.8 6,151.2Ebitda 1,808.2 1,940.9 1,796.1 1,776.9 1,732.1Pre-tax profit 720.9 829.3 939.7 1,084.2 1,253.3Net profit 519.4 615.4 704.8 813.2 940.0EPS (sen) 10.0 11.8 13.5 15.6 18.1PER (x) 29.5 25.0 21.8 18.9 16.3Core net profit 567.6 722.4 704.8 813.2 940.0Core EPS (sen) 10.9 13.9 13.5 15.6 18.1Core EPS growth (%) 12.2 27.2 (2.4) 15.4 15.6Core PER (x) 27.0 21.3 21.8 18.9 16.3Net DPS (sen) 11.0 12.0 13.0 14.1 16.3Dividend yield (%) 3.7 4.1 4.4 4.8 5.5EV/Ebitda (x) 9.7 9.5 9.9 9.7 9.7Affin/Consensus (x) - - 1.1 1.1 1.1Source: Company, Affin Hwang estimates, Bloomberg

Astro, but with a higher discounted cash fl ow-derived 12-month TP of RM3.30 (from RM3.20 previously) as we roll forward our valuation horizon. We continue to like Astro as: i) we expect a strong 2017 to 2019 core EPS compound annual growth rate of 15.8%; and ii) we forecast a 4.4% FY17E (estimate) dividend yield. Th e downside risks

to our call include: a) much low-er-than-expected subscriptions, Arpu and adex growth; b) an un-expected increase in competition from other pay TV operators; iii) a sharp drop in consumer sentiment, which could spur churn; and vi) a sharp drop in home shopping con-tribution. — Affi n Hwang Capital, Sept 15

FGV’s FFB yield to improve from FY17Th ere will be more than 70,000ha of oil palm plantations approaching maturity over the next one to three years, which will in turn improve FGV’s overall FFB yield. Besides, we understand that management has also strengthened supervision of its oil palm plantation estates, as part of its plans to improve FFB yield. In a move to focus on its core businesses (that is upstream and downstream plantation busi-nesses) and strengthen its balance sheet, FGV is aiming to monetise some of its non-core/non-per-forming assets, via divestments. As part of its eff orts to restore its profi tability, FGV called off sever-al acquisition plans, which will in turn result in administrative cost savings of RM100 million within a year. Risks include slower-than-ex-pected earnings recovery, which will in turn impair investor confi -dence in FGV; sharp weakening of demand for edible oils (including

Eversendai Corp Bhd FYE DEC (RM MIL) 2014A 2015A 2016E 2017E 2018E

Revenue 1,003 1,789 1,823 2,003 1,715Ebitda 87 124 75 198 189Core net profit 24 47 68 80 72Core EPS (sen) 3.1 6.1 8.8 10.3 9.3Core EPS growth (%) (55.8) 100.0 44.0 17.1 (10.1)Net DPS (sen) 1.3 0.5 0.0 0.8 0.8Core PER (x) 14.7 7.3 5.1 4.3 4.8P/BV (x) 0.4 0.3 0.3 0.3 0.3Net dividend yield (%) 2.8 1.1 0.0 1.9 1.7ROAA (%) 1.3 2.0 2.5 2.7 2.3EV/Ebitda (x) 10.3 10.2 15.2 6.2 6.0Net gearing (%) (GAAP) 32.3 58.9 69.1 70.8 57.5Consensus net profit - - 59 64 72MKE vs consensus (%) - - (156.1) 25.6 0.3Source: Maybank IB Research

palm oil), resulting in declining palm oil prices; escalating produc-tion costs (in particularly labour costs); and lower-than-expected FFB yield and oil extraction rate.

We project FY16 to turn around with a projected core net profi t (CNP) of RM120.4 million, under-pinned by higher crude palm oil price (CPO), lower administrative

costs and a turnaround at the TML division. We are projecting FY17 to FY18 CNP to improve further to RM267.7 million to RM292.2 million, on higher projected av-erage CPO price, higher FFB yield assumption, and full impact of administrative expense savings.

Initiate with “hold”, TP of RM2.44. Positives include low-hanging fruits to turn around financial perfor-mance; decent balance sheet; and low price-to-book (compared with its peers in Malaysia). Negatives in-clude track record; and aggressive replanting exercise will remain a drag in the near term.

We value FGV at RM2.44 based on sum-of-parts methodology (20 times FY17 net profit for its up-stream plantation business, one time book value for its downstream plantation business, and 14 times FY17 net profi t its sugar business). — Hong Leong Investment Bank Research, Sept 15

A view of Astro’s headquarters in Bukit Jalil, Kuala Lumpur. Astro announced an interim DPS of three sen, bringing 1HFY17 total DPS to six sen.

Felda Global Ventures Holdings Bhd

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

Revenue 15,559 17,882 18,957 19,492Operating profit 437 299 552 587Profit before tax 379 214 476 519Net profit 107 120 268 292Core net profit -190 120 268 292Core EPS (sen) -5.2 3.3 7.3 8.0PER (x) nm 67.3 30.3 27.7DPS (sen) 4.0 4.0 4.0 4.0Dividend yield (%) 4.5 1.8 1.8 1.8BVPS (RM) 1.77 1.76 1.79 1.83P/B (x) 1.3 1.3 1.2 1.2Net gearing (x) 0.19 0.13 0.14 0.14ROE (%) nm 1.9 4.1 4.4Source: HLIB

B R O K E R S’ C A L L 1 7MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

LBS to unlock value of construction businessLBS Bina Group Bhd(Sept 15, RM1.80)Maintain outperform with an unchanged target price (TP) of RM2.23: The group announced overnight a rationalisation exer-cise which will see its construc-tion business (held through 75%-owned MITC Engineering Sdn Bhd) injected into 51.2%-owned listed subsidiary, ML Global Bhd. Th e consideration sum of RM225 million will be settled via the is-suance of 200.8 million ML Global shares and 135 million irredeema-ble convertible preference shares, both at 67 sen each.

We think this exercise makes sense, allowing the group to stream-line its business focus under sepa-rate entities while also enabling it to benefi t from any upsides ML Global may provide on successfully exe-cuting its own construction-based business plans.

LBS’ placement of 45 million ML Global shares as part of the entire exercise could also help it raise some RM30 million for work-ing capital purposes. Our “outper-form” call on LBS is affi rmed with an unchanged TP of RM2.23 (30% discount to fully-diluted revised net asset value).

MITC Sdn Bhd (wholly-owned by LBS) and Lim Lit Chek, 75% and 25% shareholders of MITC Engineering, will dispose of the latter to ML Global for a total sum of RM300 million, with both also undertaking to place out a cumu-lative 60 million ML Global shares to independent third party inves-tors, to maintain the minimum

25% public shareholding spread. MITC Engineering will be disposed at an implied profi t-to-earnings ratio of 14.35 times based on its trailing 12-month profi t after tax of RM20.91 million as at June 30, 2016, valuations which we reckon is fair based on the comparable industry average of 15 times.

The most obvious rationale would be unlocking the value of the group’s construction business, though the most promising would be the potential the expanded ML Global Group now has in accessing larger-scale business opportunities and tendering for external con-struction works. Management indi-cated that the enlarged ML Global Group’s primary focus will still be housing at this juncture, with the expressed aim of expanding non-LBS contributions (currently only about 30%).

Post-placement exercise, LBS will end up holding a 56.4% stake in ML Global, which suggests an immediate “loss” of about 3% to

4% from what it could have earned from owning the full 75% of MITC Engineering. We are not concerned however as we anticipate the great-er degree of external works with potentially higher margins to miti-gate this “loss” adequately. Current order book and tender book are re-portedly RM1.5 billion and RM630 million respectively. No disposal gains will be recognised as this re-organisation is being undertaken within the LBS group.

In its briefi ng to analysts and fund managers last Wednesday, management highlighted that with the recent land purchases, the group’s remaining land bank for future development has been expanded to 3,585 acres, with the Kuala Lumpur/Selangor areas hav-ing the lion’s share of 46% (from 21% just a month ago). Year-to-date sales are RM873 million and on track to meet the RM1.2 billion sales target for 2016. Unbilled sales are at a record-high RM1.39 billion. — PublicInvest Research, Sept 15

Mah Sing Group Bhd(Sept 15, RM1.59)Upgrade to buy with a higher target price (TP) of RM1.90: Mah Sing Group Bhd is our top pick for the property sector that we believe is heading towards a positive in-flection. We view the company as a high risk/reward Malaysia property pure play supported by a positive economic value added (EVA), low net gearing and decent yields driven by a clear sales strat-egy (central focus, easy entry). Th e stock’s current price-earnings ra-tio (PER) of 10 times 2017CL (32% discount to peers) further under-pins our upgrade to “buy” (from underperform). Our target price is RM1.90 (was RM1.46).

Mah Sing’s strategy in facing the currently challenged property segment is twofold: focus on the resilient central region and offer

Mah Sing focuses on resilient central region

LBS Bina Group Bhd

FYE DEC (RM MIL) 2014A 2015A 2016F 2017F 2018F CAGR (%)

Revenue 668.3 680.3 732.3 810.1 1,003.8 10.7Pre-tax profit 104.1 108.1 104.4 125.5 157.8 11.0Net profit 67.1 70.5 79.3 95.4 119.9 14.5EPS (sen) 10.9 11.4 12.9 15.5 19.4 14.5FD EPS (sen) 9.0 9.5 10.7 12.9 16.2 14.5PER (x) 15.8 15.1 13.4 11.1 8.9 -FD PER (x) 19.0 18.1 16.1 13.4 10.6 -DPS (sen) 9.0 9.0 10.3 11.2 12.5 -Dividend yield (%) 5.2 5.2 6.0 6.5 7.3 -Source: Company, PublicInvest Research estimates

Mah Sing Group Bhd FYE DEC (RM MIL) 2014A 2015A 2016CL 2017CL 2018CL

Revenue 2,905 3,109 3,426 3,617 3,510Net profit 356 387 397 415 407EPS (sen) 20.4 14.2 15.2 15.9 15.5CL/consensus (15) (EPS%) - - 102 103 101EPS growth (% y-o-y) 14.6 (30.5) 7.2 4.5 (2.7)PER (x) 7.8 11.3 10.5 10.0 10.3PB (x) 1.0 1.1 1.0 1.0 0.9Dividend yield (%) 4.1 4.1 4.0 4.2 4.1FCF yield (%) 5.9 (7.0) 3.7 4.0 6.8ROE (%) 16.8 14.3 12.2 11.8 10.8Net debt/equity (%) 36.7 4.1 5.1 4.6 1.6Source: CLSA

easy entry to prospective buyers via attractive rebates. This has worked out well for the company thus far with decent take-up rates (more than 80%) for several of its projects. Its seven-month fi-nancial year ending Dec 31, 2016 (FY16) sales figure of RM1.03 bil-lion came up short against its RM2.3 billion. We think it will be challenging to make up the deficit given the time constraint, hence forecast a conservative RM2.1 billion sales figure for FY16. Un-billed sales of RM4.8 billion as at FY15 should underpin earnings growth in 2016CL.

Mah Sing’s key project is the Southville City township located in Bangi, which makes up 36% of our estimated revised net asset value (RNAV). Our visit to the sales gallery over the weekend left us upbeat, with Cerrado Block A and B launched this

fi nancial year well taken up (100% each). Given its aff ordable pricing point (less than RM600,000 coupled with the attractive rebate (that is only RM3,500 down payment), we expect the strong take-up to persist for the upcoming Block C and D (75%) launches.

Net gearing for the company stood at 3%, which leaves ample room for landbanking, especial-ly given the company’s internal ceiling of 50%. Th e repurchase of the convertible bond appears to be the right decision as it averted the potential 11% dilution eff ect. We do not expect the company to raise any more cash given the is-suance of the perpetual sukuk in March 2015.

We have a “buy” call with an RNAV-derived TP of RM1.90 (-15% to our RNAV estimate). Th e stock currently trades at a 32% discount

to peers in terms of 2017CL PER while providing above-market yields of 4.2% 2017CL PER, un-derpinned by positive free cash flow yield of 4% to 7% for FY16

to 2018CL. Th is is made more at-tractive given our expectations of a further 25-basis-point overnight policy rate cut in November 2016. — CLSA, Sept 14

My E.G. Services Bhd(Sept 15, RM2.14)Maintain add with an unchanged target price (TP) of RM3.22: Em-ployers in the industrial sector who hire illegal foreign workers (IFWs) could have their assets and bank accounts frozen from next month, according to Immigration Depart-ment director-general Datuk Seri Mustafar Ali. He warned employ-ers about a provision under Sec-tion 56(1) of the Immigration Act allowing the government to freeze their assets although this has not been fully enforced. “It’s not a new thing. We don’t want the public to get shocked when we fi nally take this measure come October,” said Mustafar Ali last Tuesday, at a meet-ing with journalists.

“Th e Immigration Department is giving employers until the end of this month to sort out their workers’ travel documents, visas and per-mits,” Mustafar Ali said. Th is news is a positive surprise to us as this should help boost the registration of IFWs in Malaysia. In mid-2015, My E G Services Bhd (MyEG) was the sole company appointed by the government to register IFWs. Th e deadline for registration of IFWs was end-June but MyEG’s webpage indicated that registration for IFWs was ongoing.

We understand the government and MyEG have yet to reveal the updated number of IFWs registered since end-June. As at end-June,

Government’s move on IFWs a positive surprise for MyEG

My EG Services Bhd FYE JUNE (RM MIL) 2016A 2017F 2018F

Net profit 142.4 225.3 387.0Core EPS (RM) 0.06 0.09 0.16Core EPS growth (%) 109 58 72FD core PER (x) 36.24 22.90 13.33Recurring ROE (%) 45.6 47.0 55.8P/BV (x) 12.89 9.25 6.23DPS (RM) 0.020 0.030 0.045Dividend yield (%) 0.93 1.40 2.09Source: CIMB

we understand MyEG registered 300,000 IFWs; only 120,000 were fully registered while the remain-ing 180,000 were still in progress as they did not have proper papers. Th e IFWs need to get proper doc-umentation from the respective embassies in Kuala Lumpur.

In our earnings forecasts, we es-timate that a total one million IFWs will be registered in fi nancial year ending June 30, 2017 (FY17), which we believe is achievable. Our con-fi dence about meeting the target is now higher in view of the govern-ment’s plan to seize the assets of employers. In addition, we believe the authorities are asking the courts to impose stricter sentences on em-ployers who continue to hire IFWs. Th e courts can either jail or whip an employer found guilty of hiring IFWs.

We are maintaining our earnings per share (EPS) forecasts and TP, still based on unchanged 2017 25.2 times price earnings ratio (PER), a 20% premium to the sector target PER, premium justifi ed by 52.3% 3-year EPS compound annual growth rate. Th is latest news gives us added confi dence that our fore-cast of one million registered IFWs will be met in FY2017. Potential rerating catalysts for the stock are stronger-than-expected registra-tion of IFWs and the successful launch of the goods and services tax monitoring project early next year. Risk is weak registration of IFWs. — CIMB Research, Sept 14

1 8 H O M E MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

NEW YORK: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has arrived here to represent Malaysia at the 71st session of the UN General Assembly (UNGA).

The commercial aircraft carrying Ahmad Zahid, who is also home minister, and his entourage touched down at the John F Kennedy Interna-tional Airport at about 9.25pm on Saturday (9.25am yesterday in Malaysia).

Th is is his fourth visit to the US since being appointed dep-uty prime minister in July last year, and his maiden appear-ance as head of the Malaysian delegation at the UNGA.

On hand to welcome him were Foreign Minister Datuk Seri Anifah Aman as well as Malaysian offi cials based in New York and Washington.

Ahmad Zahid’s working visit to New York City is until Sept 25.

Besides Ahmad Zahid, the Malaysian entourage attend-ing the UN gathering and re-lated events includes Anifah, as well as senior offi cials of the Deputy Prime Minister’s Offi ce, foreign ministry and home ministry.

Last month, Ahmad Zahid chaired the UN Security Coun-cil Open Debate on Non-Pro-liferation of Weapons of Mass Destruction at the UN head-quarters.

Among the highlights of the deputy prime minister’s vis-it this time is delivering the national statement for Ma-laysia at the General Debate on Sept 24.

Prior to that, Ahmad Za-hid is scheduled to partici-pate in the High-Level Meeting to address large movements of refugees and migrants at the General Assembly today. — Bernama

Zahid arrives in New York for UN General Assembly

‘Stop spreading false news on my health’Ahmad Bashah says what has gone viral on social media is not true

ALOR SETAR: Kedah Menteri Be-sar Datuk Seri Ahmad Bashah Md Hanipah urged the relevant quar-ters yesterday to stop spreading false information on his health on social media.

“My health is good and what has gone viral on social media is not true because after I went for sur-gery, there has been no incidence of me fainting, as was claimed.

“So, I urge [those concerned] to stop spreading information that is not true [about me] because even if I can accept it, my family may not be able to accept it,” he told reporters here yesterday.

He was met after sending off Yang di-Pertuan Agong Tuanku Abdul Halim Mu’adzam Shah and Raja Permaisuri Agong Tuanku Hajah Haminah, who were re-

turning to Kuala Lumpur, at the Sultan Abdul Halim Airport here yesterday.

Ahmad Bashah said after a mi-nor operation at Penang Hospital on June 6, he had been returning to the hospital for follow-up checks and his health was getting better.

He said he returned to work on July 3.

“I am able to do my daily routine

as usual, except that my movement is a bit limited since I am still re-covering from the surgery.

“The doctor said it will take about six months to heal complete-ly,” he added.

He said those responsible for spreading the false information should instead focus on spreading information on Kedah’s success and its development. — Bernama

KUALA LUMPUR: The test re-sults of four pieces of debris that could belong to the missing Ma-laysia Airlines flight MH370 are expected to be known in less than three months.

Transport Minister Datuk Seri Liow Tiong Lai said the pieces of debris were found along the coastal areas of South Africa, Mozambique, Mauritius and Tanzania.

“We believe that soon, we will know the test results ... just like the piece found in Tanzania, which took two-and-a-half months to as-certain whether it belonged to the

[missing] aircraft,” he told reporters after opening the three-on-three Basketball Competition at Wisma MCA here yesterday.

Last Friday, Liow said 22 pieces of debris had so far been found along South Africa, Mozambique, Mauritius and Tanzania. Two were confi rmed and four were believed to almost certainly belong to the missing air-craft, while the rest were diffi cult to be identifi ed as they had no serial numbers or other details on them.

Liow said the confi rmed debris of MH370 were a fl aperon found on Reunion Island in July last year,

and a piece of the wing found on Pemba Island in Tanzanian waters in June this year.

Liow said the search for MH370 in the remaining search area of 10,000 sq km was expected to be completed by year end.

To date, the search effort has covered 110,000 sq km of area in the southern Indian Ocean, off the west coast of Australia.

MH370 went missing on March 8, 2014, while en route to Bei-jing from Kuala Lumpur, with 239 passengers and crew on board. — Bernama

Test results of MH370 debris to be known in three months

GEORGE TOWN: Heavy rain since early yesterday morning has caused flash floods in several areas in Penang, forcing several inundat-ed roads to be closed to traffi c.

A Jalan Perak fire and rescue station spokesman said several roads around George Town were submerged in knee-deep water.

He said among the aff ected roads were Jalan P Ramlee, Jalan Gemas and the Jalan Free School roundabout.

Flash fl oods hit Penang after heavy downpour“Th ere has been no evacuation

of fl ood victims and the fl ood wa-ters have receded,” he said when contacted by Bernama.

Th e spokesman said there were, however, reports of fallen trees in several areas here, including in Taman Lip Sin, Jalan Perak, Bayan Baru and Paya Terubung.

He said no casualties were re-ported, but the incident damaged eight cars in Taman Lip Sin.

On the mainland, heavy rain has also caused some low-lying areas in Bukit Mertajam to be inundated, and among the af-fected areas were Jalan Rozhan, Machang Bubok, Cheruk Tok Kun and Perda.

A fi re and rescue station spokes-man said the fl oods also caused trees to be uprooted in several are-as in Bukit Mertajam and Simpang Ampat. — Bernama

A house in Jalan Perak, George Town, was damaged by a tree that fell during heavy rain yesterday morning. Photo by Bernama

Terengganu offi cers warned to stay away from get-rich-quick schemesKUALA TERENGGANU: Tereng-ganu police offi cers and other personnel have been warned not to be infl uenced by or par-ticipate in get-rich-quick in-vestment schemes. State police chief Datuk Rosli Ab Rahman said there would be no com-promise for those found to be involved in such schemes. “We believe that some have been infl uenced by such investment schemes, which offer quick lucrative returns ... it’s all not true. Th erefore, I am reminding and warning our people not to participate in such schemes,” he told Bernama yesterday. Rosli said this was to prevent them from being cheated and incurring losses that could amount to thousands of ringgit. — Bernama

Ahmad Shabery: Stingless bee honey is fi rst Malaysian superfood PUTRAJAYA: Th e government will extensively promote lo-cal stingless bee honey as the country’s fi rst superfood at the Food and Agriculture Organi-zation of the United Nations, Agriculture and Agro-based Industry Minister Datuk Seri Ahmad Shabery Cheek said. “The Malaysian Agricultural Research and Development Institute is in the process of formulating a standard for Ma-laysia’s stingless bee honey, so that the product can be mar-keted at the international level like manuka honey from New Zealand,” he said at the launch of the “Begin Your Day with Honey” campaign. — Bernama

‘Members of PDRM involved in crime toface full brunt of law’SEPANG: Members of the Roy-al Malaysia Police (PDRM) in-volved in crime will face the full brunt of the law, warned Police Director of Management Datuk Seri Zulkifl i Abdullah. There was no compromise whatsover on the matter, he said, adding that black sheep in the force also faced disci-plinary action meted out by PDRM, including the sack. “To curb this problem, PDRM also conducts an integrity test for every new intake and also for promotion, other than organ-ising numerous related cours-es,” he told a media conference here yesterday. — Bernama

Rembau Hospital now 39% ready, says Public Works Department DG SEREMBAN: Construction work of the Rembau Hospital project is going smoothly and achieved 39% progress as of August, said Public Works Department di-rector-general (DG) Datuk Seri Ir Dr Roslan Md Taha. “The Public Works Department is closely monitoring work at the site, with meetings being con-ducted always every week to ensure smooth progress of the project.” — Bernama

I N BR I E F

C O M M E N T 1 9MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

Th e pre-freeze oil boilOutcome of Opec meeting itself is becoming more redundant by the day

BY J U L I A N L E E

Most oil-market observers will be keenly aware of a meeting in Algeria later this month at which

the world’s biggest producers will — or will not — commit to freez-ing their crude production. While talking about freezing supply may have helped to put a floor under oil prices, the outcome of the meeting itself is becoming more redundant by the day as almost all the world’s top producers do exactly the op-posite.

Th e big-4 Gulf Arab Opec coun-tries — Saudi Arabia, Iraq, the UAE and Kuwait — are all producing at, or very close to, record levels. Th e reasons vary, but for each it comes down to pursuing established me-dium- to long-term market strate-gy. At the same time, output from neighbouring Iran is at a fi ve-year high, as the country races to restore pre-sanctions output and exports. No sign of a freeze here (see Chart 1 — Setting Records).

Th ings are no diff erent in Rus-sia, which averaged more than 11 million barrels a day in the fi rst half of September — close to the record levels achieved in the mid-1980s (see Chart 2 — Russian Surge). New fi elds in the Caspian Sea and the far north are starting to yield their fi rst oil and there should be more to come in the months ahead.

Meanwhile, in Nigeria, ExxonMo-bil is preparing to resume shipments of Qua Iboe crude, the country’s biggest export grade, while Royal Dutch Shell lifted restrictions at the Bonny terminal earlier this month. Combined exports of Qua Iboe and Bonny Light averaged more than 500,000 barrels a day last year, ac-cording to Bloomberg estimates.

Libya has lifted force majeure, a legal clause that allows companies to halt shipments without breach-ing contracts, at two of the country’s

BY G I N A C H O N

DONALD Trump’s new economic plan is built on typical hyperbole. Th e Republican White House nom-inee last Th ursday said his propos-als to cut taxes and red tape would boost annual US gross domestic product (GDP) growth to 3.5% and create 25 million jobs over a decade. But there are a lot of big ifs.

In a speech at the Economic Club of New York, Trump recalled the decades after World War Two, when output growth averaged at least 3.5% a year. But aside from other diff erences, that period en-compassed a surge in population with the baby boomers, who are now retiring, and robust growth

China’s car scam shows best and worst of subsidies

BY K AT R I N A H A M L I N

A LAVISH US$4.5 billion (RM18.67 billion) annual pay-out programme for electric ve-hicles in China has nurtured new technology and a massive market. Th e largesse came at a price, though, with millions lost to scammers faking sales to claim cash. Th e scam showcases the best and worst of subsidies.

The audacity of the fraud is depressing: the ministry of finance says five carmakers raked in more than 1 billion yuan (RM622.14 million) by cheating the system. In some cases, the cars they supposedly sold never existed. Th e ministry added that it had investigated 90 companies in total. Local media reported another 20 car-makers including Nissan and Hyundai were breaking rules. Nissan and Hyundai declined to comment.

Ironically, eff orts to phase out subsidies and encourage the industry to stand on its own four wheels exacerbated the problem. Plans to wind down grants saw automakers rushing through sales — both real and fake — to hit deadlines for more generous payouts.

Th e scheme also encouraged manufacturers to compromise on standards. Since total pay-ments were allocated accord-ing to vehicle size, cheaper and shoddier cars qualifi ed for the same rebates as more expensive models. Chinese manufactur-ers produced vehicles so cheap the subsidy knocked up to 40% off the price. And because local authorities often committed to matching the payout, discounts of as much as 80% were theo-retically possible.

Yet, the programme doubt-less boosted both new technol-ogy and sales. China accounts for 41% of the global market so far in 2016, according to Bern-stein; the pure electric vehicle market quadrupled from a year earlier. Home-grown hero BYD is now the biggest electric car maker in the world and there are many smaller local players.

It is early days and the indus-try will need to consolidate. But there is now a strong founda-tion for the electric car business to drive forward. Green cars are becoming more afforda-ble, there is ample demand and the state is rolling out vehicle charging infrastructure. Author-ities are learning, too: tweaking the way subsidies are allocated and aiming to end the scheme in 2020.

A Chinese electric vehicle market still looks both environ-mentally and fi nancially sus-tainable. — Reuters

three largest export terminals — Es Sider, Ras Lanuf — which have been out of operation since Decem-ber 2014. Th is may allow Libya to double output to 600,000 barrels a day within four weeks and 950,000 barrels a day by the end of the year, National Oil Company chairman Mustafa Sanalla said last Tuesday.

Non-Opec South Sudan, which saw output fall by more than half to at most 130,000 barrels a day after civil war erupted in 2013, is

also aiming to restart production from fi elds in its Upper Nile region next month.

As if that was not enough, both the International Energy Agency and Opec — the week before — cut their forecasts of how much of the group’s oil will be needed for the rest of this year and next — al-though they come at this revision from opposite directions.

WTI crude is down around 16% from its early-June peak of nearly

US$52 (RM215.80) a barrel, a price level that the forward curve does not regain until 2019. Th at is 18 months later than it was a month ago.

Without a deal in Algeria that goes much further than an output freeze, “Lower for Longer” just got “Lower for Even Longer” — again. Just do not expect the key players at that meeting to do anything mean-ingful about it. After all, their oil is still the cheapest in the world to get out of the ground. — Bloomberg

Trump’s economic plan built on typical hyperboleabroad. Economists reckon growth could do better than the most re-cently reported 1.1% pace, but few see anything approaching 4% as feasible.

Trump claims big reductions in personal income-tax rates and business tax, which he plans to cut to 15% from 35%, will help stimu-late growth. But it is not clear how the tax savings could be deployed to supercharge the economy to the extent he is expecting. Despite high levels of corporate profi t, business investment has fallen in the last three quarters, according to the Bureau of Economic Analysis.

He also reckons a rollback of emissions and other regulations, reducing the cost of using coal and

other fossil fuels, will boost GDP, as will the reworking of trade deals. Th e overall calculus is that headline reductions in tax revenue totaling US$4.4 trillion (RM18.26 trillion), presumably over the standard 10-year horizon, will fall to US$2.6 trillion using what is known as dynamic scoring, a method of in-corporating the expected boost to growth.

More than half of that would be recouped thanks to looser regula-tions and the touted “America First” trade benefits. The rest, US$800 billion, Trump says can be saved with gradual cuts to spending in

areas other than social security, medicare and defense, though he had not said where.

Th ese fi gures, however, do not take account of the potential costs of other policies, like deporting up to 11 million illegal immigrants and otherwise strengthening America’s borders. Trump’s sep-arate proposals for defense would also cost more than at present — an additional US$150 billion, ac-cording to the Committee for a Responsible Federal Budget.

Trump’s audience of fi nanciers and corporate executives cheered his pitch in New York. But the huge potential cost of his plan only shrinks with assumptions that are characteristically heroic. — Reuters

See related story on Page 21

CHART 1

CHART 2

2 0 H O M E B U S I N E S S MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

WEEK IN FOCUS

1 Allianz Malaysia Bhd kick-start-ed its Malaysia Day celebration with a twist with four members of senior management compet-ing in a teh tarik competition in Kuala Lumpur on Sept 12. (From left) Its chief executive offi cer (CEO) Zakri Khir, Allianz Life Insurance Malaysia Bhd CEO Joseph Gross (winner of the competition), Allianz Ma-laysia chief operation officer Sean Wang and chief fi nancial offi cer Charles Ong found the task quite challenging.

2 Alliance Bank Malaysia Bhd in-troduced its 60 fi nalists for this year’s SME Innovation Challenge at the CEO Chatroom session with Eco World Development Group Bhd (EcoWorld) in Kuala Lumpur on Sept 15. EcoWorld president and chief executive offi cer Datuk Chang Khim Wah (pic) sharing his entrepreneurial journey at the event.

3 Th e Johor state government and AmBank Islamic Bhd launched an Islamic aff ordable home fi -nancing scheme in Johor Baru on Sept 13 to assist qualifi ed applicants from Johor to acquire aff ordable homes. Th e scheme is designed to provide an oppor-tunity for qualifi ed Johoreans who earn up to RM5,000 per month to promote homeowner-ship. (From left) AmBank Group group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir, AmBank Islamic CEO Eqhwan Mokhzanee Muham-mad, AmBank Group chairman Tan Sri Azman Hashim, Johor Menteri Besar Datuk Seri Mo-hamed Khaled Nordin, Johor

State Assembly Speaker Tan Sri Mohamad Aziz, Johor Economic Planning Unit deputy director Mohammed Ridha Datuk Abd Kadir, and Johor state execu-tive councillor for housing and local government Datuk Abdul Latif Bandi seen at the signing ceremony.

4 (From left) Aeon Co (M) Bhd executive director (ED) Hiroyuki Kotera, store manager (general aff airs) Amran Abdul Latiff and ED Poh Ying Loo at the press conference at Aeon Mid Valley, which offi cially reopened with a new look in its continuous ef-forts to provide an enhanced shopping experience, in Kuala Lumpur on Sept 15.

5 AirAsia held the offi cial wel-coming ceremony of the Airbus A320neo aircraft, with registra-tion number 9M-NEO, powered by CFM International LEAP-1A engines near Kuala Lumpur In-ternational Airport in Sepang on Sept 15. (From fi fth left) CFM executive vice-president Allen Paxson, Datuk Fam Lee Ee from the board of directors of AirAsia Bhd, AirAsia chief executive of-fi cer (CEO) Aireen Omar, Am-bassador of France to Malaysia His Excellency Christophe Pe-not, AirAsia executive chairman Datuk Kamarudin Meranun, Transport Minister Datuk Seri Liow Tiong Lai, AirAsia Group CEO Tan Sri Tony Fernandes, Airbus executive vice-president (strategy and marketing) Kiran Rao and AirAsia Group Malay-sia managing director Bruno Navet seen at the welcoming ceremony.

1

5

GREAT START ... Prime Minister Datuk Seri Najib Razak offi ciated at the ground-breaking ceremony of the Mass Rapid Transit (MRT) Sungai Buloh–Serdang–Putrajaya (SSP) Line in Kuala Lumpur on Sept 15. (From left) MRT Corp Sdn Bhd chief executive offi cer Datuk Seri Shahril Mokhtar, chairman Tan Sri Dr Ali Hamsa, Transport Minister Datuk Seri Liow Tiong Lai, Najib, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan, and Land Public Transport Commission chairman Tan Sri Dr Syed Hamid Syed Jaafar Albar giving the thumbs up for the commencement of the construction of the MRT SSP Line.

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W O R L D 2 1MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

I N BR I E F

Deliberate New York blast injures 29 peopleNo known link to terror at this stage, says mayor

BY J E N N I E M AT T H E W

NEW YORK: A deliberate explosion rocked one of the most fashionable neighbourhoods of New York on Saturday night, injuring 29 people, one seriously, a week after Amer-ica’s fi nancial capital marked the 15th anniversary of the 9/11 attacks.

Th e blast occurred in Chelsea at around 8.30pm on West 23rd Street between Sixth and Seventh Avenues at a typically bustling time of the weekend in an area packed with bars, restaurants and luxury apartment blocks.

Mayor Bill de Blasio said there was no known link to terror at this stage, albeit as police investigated 27th Street for a reported secondary device, scrambling to reassure the city’s 8.4 million residents.

Th e explosion comes two days before world leaders led by Presi-dent Barack Obama gather in New York for the UN General Assembly, a time when parts of Manhattan grind to a standstill under draco-nian security measures.

“There is no evidence at this point of a terror connection to this incident, this is preliminary infor-mation,” de Blasio told a late-night news conference.

“Th ere is no specifi c and credi-ble threat against New York City at this point in time, from any terror organisation,” he also said.

“We believe it was intentional.

As soon as we’re able to determine what specifi cally caused this ex-plosion, we will report it,” de Bla-sio added.

AFP reporters saw a massive police presence at the crime scene, where they were joined by the Fed-eral Bureau of Investigation and counterterrorism squads, as police helicopters circled overhead and sirens wailed.

Obama was “apprised” of the explosion and would receive up-dates on the situation as they be-come available, a White House of-fi cial said.

New York lauds itself as the safest big city in America. Violent crime has become rare in Manhattan and stringent security checks the norm

in many areas since the 2001 Al-Qa-eda hijackings destroyed the Twin Towers.

Any confi rmed attack in New York could impact the country’s already deeply divisive presiden-tial election.

Republican nominee Donald Trump jumped the gun on the news reports by saying in Colora-do Springs that “a bomb went off in New York.” “We better get very tough, folks, we better get very, very tough,” he said.

His Democratic rival Hillary Clinton immediately took swipe at her opponent.

“I think it’s always wiser to wait until you have information before making conclusions,” she said. — AFP

WASHINGTON: A man making “some references to Allah” stabbed and injured eight people in a shop-ping mall in the US state of Min-nesota on Saturday night, before being shot dead by an off -duty of-fi cer, police said.

Th e suspect “asked at least one person if they were Muslim before he assaulted them,” Blair Ander-

son, the police chief in the city of St Cloud where the attack took place, told journalists.

But he emphasised that the as-sailant’s motivation remained un-clear and said “whether that was a terrorist attack or not, I’m not will-ing to say that right now because we just don’t know.”

Th e attack came as 29 people

were injured in a deliberate explo-sion in a busy New York neighbor-hood on Saturday. Mayor Bill de Blasio said there was no known link to terror at this stage.

Anderson said the armed suspect entered the Crossroads Center mall in St Cloud — a city of about 67,000 people some 70 miles (110km) northwest of Min-

neapolis — and attacked at least eight people.

Th e lone suspect was wearing a private security uniform and had at least one knife, and “made some references to Allah,” the police chief said. “Th at suspect was confronted by an off -duty police offi cer and summarily shot and killed,” he said. — AFP

‘8 injured in Minnesota stabbing, suspect shot dead’

Syria army bids to recover losses to IS after deadly US-led raidBEIRUT: Syrian troops coun-ter-attacked against the Is-lamic State (IS) group around a key eastern airbase yester-day after a US-led coalition air strike killed scores of sol-diers forcing a retreat, military sources said.

Th e Pentagon said that coa-lition pilots had believed they were hitting IS and had halted the raid as soon as Damascus ally Moscow informed com-manders that army positions were coming under attack.

But Damascus reacted an-grily to the deadly strike, which forced troops to pull back from two strategic hilltops overlook-ing the besieged airbase on the outskirts of the city of Deir Ezzor.

“Th e Syrian army has re-turned to the off ensive,” a mili-tary source told AFP yesterday.

“After the American raids, it withdrew from several po-sitions, but now it has gone back on the attack.”

A second military source inside Deir Ezzor airbase said that troops had already regained some of the lost ground.

“The army has retaken most of its positions on Ja-bal Th erdeh with Russian and Syrian air support,” the source said, referring to one of the two hills lost on Saturday.

Th e Syrian Observatory for Human Rights said at least 30 jihadists were killed in yester-day’s counter-attack by the army. Th e Britain-based mon-itoring group said 90 soldiers were killed in Saturday’s air strike, sharply higher than the death toll of 62 given by Mos-cow on Saturday. — AFP

WASHINGTON: Former US de-fense secretary Robert Gates issued a sharp critique of both presiden-tial candidates in Th e Wall Street Journal (WSJ), but blasted Donald Trump as being “unqualifi ed and unfi t to be commander-in-chief.”

Gates — a Republican who was Pentagon chief under Republican

George W Bush and Democrat Ba-rack Obama — has worked with eight presidents and is among the most widely respected US voices on national security matters.

“I believe Mr Trump is be-yond repair. He is stubbornly un-informed” and temperamental-ly unsuited to lead our men and

women in uniform,” Gates wrote in an op-ed piece posted late last Friday on WSJ’s website. “He is unqualifi ed and unfi t to be com-mander-in-chief.”

Trump is “willfully ignorant” about the world, the US military and “about government itself,” Gates said.

Gates worked closely with Hillary Clinton when she was secretary of state, and did not hold back on his criticism of her tenure.

While not saying he would vote for Clinton, Gates said he would be listening for reassurances from her ahead of the Nov 8 election. — AFP

Norwegian, Indonesians, savour fi rst day of freedom in PhilippinesINDANAN (the Philippines): A Norwegian and three Indo-nesian seamen held hostage in the southern Philippines were turned over to a government en-voy yesterday. Kjartan Sekking-stad and the Indonesians, who had been held by Abu Sayyaf mil-itants, were handed over to envoy Jesus Dureza in Indanan on Jolo island, said an AFP reporter at the scene. Th e transfer took place at the heavily guarded camp of another Muslim rebel leader Nur Misuari, whose group assisted in the release according to the gov-ernment. Dureza, Misuari, the freed captives and local offi cials met in a building surrounded by hundreds of Misuari’s fi ghters be-fore leaving for a military camp, the reporter said. Th e military has said that after a medical check-up and debriefi ng, Sekkingstad would fl y to the southern city of Davao to be received by President Rodrigo Duterte. — AFP

Russia votes in parliamentary polls with Putin secureMOSCOW: Russians yesterday voted in parliamentary polls, with parties loyal to President Vladimir Putin set to main-tain their dominance despite the Kremlin making a show of cleaning up the vote after mass protests last time around. Th e nationwide elections follow sev-eral years of tumult that have seen the country annex Crimea from Ukraine, lurch into its worst stand-off with the West since the Cold War, plunge into econom-ic crisis and launch a military campaign in Syria. But Putin’s ratings remain high at around 80% and with the Kremlin in tight control of the media and public discourse, authorities appear to be banking on a trou-ble-free vote paving the way for him to cruise to a fourth term as president at polls in 2018. — AFP

First mercy killing of minor in Belgium — reportBRUSSELS: A terminally ill 17-year-old has become the fi rst minor to be euthanised in Bel-gium since age restrictions on such mercy killings in the country were lifted in 2014, it was learned on Saturday. “Th e euthanasia has taken place,” Jacqueline Herre-mans, a member of Belgium’s fed-eral euthanasia commission, told AFP. She added that the assisted death had taken place according to Belgian law. — AFP

Pipe bomb blast halts US Marine charity raceNEW YORK: A pipe bomb left in a garbage can detonated at a 5-K race in New Jersey held by the US Marines on Saturday, causing no injuries but forcing offi cials to cancel the event. Th e explo-sion was set for the moment that thousands of runners would be passing the can — but there were no casualties because the race was delayed, said Al Della Fave, a spokesman for the Ocean Coun-ty prosecutor. — AFP

Trump is ‘unfi t, beyond repair’ — ex-Pentagon chief

New York City police and fi refi ghters seen near the site of an explosion in the Chelsea neighbourhood of Manhattan, New York, US on Saturday. Photo by Reuters

2 2 F E AT U R E MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

Your next transatlantic trip may be on Boeing’s 737Th ese routes were previously the preserve of the world’s biggest planes

BY R I C H A R D W E I S S , A N D R E A R OT H M A N & B E N J A M I N D K AT Z

The smallest aircraft made by Boeing Co and Airbus Group SE are about to find a new role operating transat-lantic routes that were

previously the preserve of some of the world’s biggest planes.

The re-engined 737 Max and A320neo jets off er a 15% fuel saving meant to cut costs on the shortest in-tercity services. At the same time, the revamp has added about 500 miles (804.67km) to their range — just enough to allow the narrow-bodies to span the 3,000 miles between the eastern US and western Europe.

While eight hours on a 130ft (39.6m) plane with three toilets and one gangway might not im-mediately appeal to travellers used to the spacious cabins of an Air-bus A380, airlines say the smaller jets will open up direct routes that wouldn’t otherwise be viable. Th at would do away with the need to switch between fl ights at a busy hub. At the same time people can look forward to competitive fares as carriers seek out smaller airports where access charges are lower.

Norwegian Air Shuttle ASA, Jet-Blue Airways Corp and Portugal’s TAP are among airlines buying the jets for transatlantic routes, with Norwegian set to lead the way when it becomes one of the fi rst carriers to get Boeing’s Max 8 next year. Its initial fl ights may link Edinburgh, Birmingham in England and Cork and Shannon in Ireland to smaller airports in New England and the New York area.

“Th e Max is very competitive,” Norwegian’s Air chief executive offi cer (CEO) Bjorn Kjos said in an interview in London. “It has huge potential from the smaller cities along the Atlantic coast. But you can’t go into New York as you do

TO align with international avia-tion safety standards, Taiwan has actively strived to gain participation in the International Civil Aviation Organization (ICAO). Indeed, for many years, Taiwan has worked with other countries around the globe to improve the quality and ef-fi ciency of international air servic-es. Taiwan’s participation in ICAO would lead to closer cooperation in the international civil aviation

BY H O C H E N TA N industry and boost its develop-ment, thereby contributing to the ICAO goal of achieving a safe and seamless sky.

An integral part of the global aviation network, Taiwan is located in the busiest section of airspace in East Asia. In 2015, Taiwan Taoyuan International Airport was ranked 11th and sixth in the world in pas-senger and cargo volumes respec-tively, according to the Airports Council International. In the same year, 74 airlines off ered services to and from Taiwan, operating sched-uled passenger and cargo fl ights on 301 routes and connecting 135

cities around the world. And the Taipei Flight Information Region — administered by Taiwan — pro-vided over 1.53 million instances of air traffi c control services and handled 58 million incoming and outgoing passengers in 2015, serv-ing as an indispensable part of the global air transport network.

For over four decades, Taiwan’s civil aviation authorities, whether in terms of eff ort or investment, have outdone their counterparts in many other countries in striving to meet fl ight safety and security regulations set by ICAO. Air safety, navigation, security, environmental

protection and economic matters are of great concern to ICAO, and related challenges must be tackled through close cooperation among all countries. As such, Taiwan’s meaningful participation in ICAO is a necessity.

Following many years of eff ort, Taiwan was invited to attend the 38th ICAO Assembly in 2013 thanks to the support of European nations, the US and other friendly countries. Taiwan aims to continue to partici-pate in the meetings, mechanisms, and activities of the ICAO in a pro-fessional and constructive manner.

As a member of the international

community, Taiwan shares in the responsibility of safeguarding re-gional and global aviation safety and is committed to be contributing to the further development of global aviation and the well-being of all mankind. Taiwan will continue to share its civil aviation experience and expertise with other nations, so as to jointly ensure the safe, orderly, and sustainable development of the international civil aviation industry.

Ho Chen Tan is the minister of transportation and communica-tions of Taiwan.

Striving towards ICAO’s goal of achieving a safe, seamless sky

with wide-bodies. You must target airports with a totally diff erent cost structure.”

Boeing’s 757, the world’s longest single-aisle airliner with around 200 seats and a range in excess of 4,000 miles, has been plying the Atlantic for years, with companies includ-ing United Continental Holdings Inc still deploying the model on routes such as Newark, New Jersey, to Birmingham, England.

Production ceased in 2004, how-ever, leaving those 757s still fl ying in the twilight of their lives and with fuel consumption way in excess of modern jets.

Th e 737 and A320, by contrast, were designed for much shorter fl ights, with the original 737-100 seating just 85 people and limit-ed to trips of about 1,200 miles. While ranges have increased, the 3,300-mile reach of the 737-800 and -900 is insuffi cient for fully laden operations on transatlantic routes where jets must carry enough re-serve fuel to fl y about 500 miles in an emergency.

A handful of carriers operate services at reduced capacity, which cuts the weight of a plane and in-creases its range, with SAS AB serv-ing Boston from Copenhagen using an 86-seat 737-700 and British Air-ways connecting London City air-port and New York with an Airbus A318 carrying just 32 passengers.

The only current transatlan-tic 737 or A320 services with a near-normal load are flown by

Canada’s WestJet Airlines Ltd and link St. John’s, Newfoundland, with Dublin — distance 2,000 miles — and Halifax, Nova Scotia, with Glas-gow in Scotland. Th e 737-700s used have 136 seats.

Th e UK and Irish routes planned for Norwegian’s 189-seat Max 8s will span about 3,000 miles. Subse-quent fl ights could serve Stavanger, Trondheim and Bergen in Norway and Aalborg in Denmark, though

they’ll likely involve a long-range version of Airbus’s A321neo known as the LR and able to fl y more than 4,000 miles using extra fuel tanks, spokesman Lasse Sandaker-Nielsen said. Norwegian ordered 30 of the planes with 220 seats in a single class in July.

JetBlue and TAP also plan to de-ploy the model, which is due to be available from 2019. Th e US carri-er has agreed to buy 30 A321neos with an option to take some as LR variants, saying it wants an aircraft with “transatlantic range”. TAP has orders for 10 A321neoLRs, saying it could use them to serve Brazil and possibly the US. Its Lisbon base is about 3,500 miles from both New York and Recife, the South Amer-ican country’s sixth-largest city.

Ireland’s Aer Lingus is also a likely operator of the A321neoLR across the Atlantic, Willie Walsh, CEO of parent company IAG SA, said in July, adding that the jet represents a “fan-tastic opportunity”. It already fl ies 757s to locations including Hartford, Connecticut, typical of the cities smaller planes could serve.

With the LR emerging as a fa-voured successor to the 757, Boeing is studying designs for a stretch of its biggest Max 9 — dubbed the Max 10 — that would off er much of the range and payload of the A321 and could be ready by the decade’s end, or a more elaborate revamp using the larger engines developed for the Airbus jet. It’s also working on a new family of mid-range aircraft that would debut about fi ve years later, CEO Dennis Muilenburg said last Wednesday.

Whatever the outcome, passen-gers seem certain to be making longer trips on the smallest class of jetliners in coming years.

“For the moment we haven’t re-ally got the planes out there,” said Yan Derocles, an analyst at Oddo Securities in Paris. “But they’re coming.” — Bloomberg

Boeing’s 737 Max jet. The only current transatlantic 737 or A320 services with a near-normal load are fl own by Canada’s WestJet Airlines. Photo by Bloomberg

S P O RT S 2 3MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

GENEVA: Fifa said on Saturday that it had appointed accounting giant PricewaterhouseCoopers (PwC) to conduct its audits, af-ter KPMG ended a decade-long association with the scandal-hit world football governing body in June.

“Th e Bureau of the Fifa Coun-cil has appointed PwC Switzer-land as the new statutory audi-tors of Fifa,” it said in a statement.

Fifa president Gianni Infanti-no welcomed the decision “as a further important step in the re-form process underway at Fifa,” the statement said.

It described the move as “an example of how the organisation is restoring its fi nancial control and management mechanisms to the fullest”. Th e announce-ment came after the Swiss branch of KPMG terminated its auditing relationship with Fifa three months ago, after oversee-ing the auditing of its accounts since 1999, amid a cascade of scandals at the organisation.

Fifa has been battling to re-deem its name ever since a raid on a Zurich hotel last year to arrest seven Fifa offi cials at the centre of a US investigation.

US prosecutors have started to judge those indicted, while the Swiss justice system is in-vestigating the awarding of the 2018 World Cup to Russia and the 2022 edition to Qatar.

And Fifa’s ethics commit-tee said earlier this month that disgraced former Fifa president Sepp Blatter, who has already been banned from football for six years, and his chief lieutenants were under fresh investigation over alleged illicit salaries and bonuses totalling US$80 million (RM332 million). — AFP

Fifa appoints PwC as new auditors

Iranian cyclist tragedy mars Paralympic fi naleFirst ever athlete death during the Games, says IPC president

BY J E S S I C A LO P E Z

BY TO M W I L L I A M S

Guardiola says De Bruyne second only to MessiMANCHESTER: Kevin De Bruyne is second only to Li-onel Messi, Manchester City manager Pep Guardiola said on Saturday after the Belgian inspired his team to a 4-0 win over Bournemouth. De Bruyne put the Premier League leaders ahead with a clever 15th-min-ute free kick beneath the defen-sive wall. Guardiola won a glut of trophies with Messi during their time together at Barcelo-na and in his eyes, the Argenti-na superstar is the only player who can put De Bruyne in the shade. “Maybe Messi can sit alone at the table. But that ta-ble aside, Kevin can stay there,” Guardiola told reporters at the Etihad Stadium. “I think he’s a special player, an outstanding player.” — AFP

Levy leads Italian Open as Willett closes inMILAN: France’s Alexander Levy took a one-shot lead mid-way through the third round of the weather-hit Italian Open on Saturday as Britain’s Masters champion Danny Willett waited to pounce. After last Th ursday and Friday were affected by rain and thunderstorms, Levy overturned a six-shot defi cit on second-round leader Chris Paisley, turning in 29 and add-ing three pars on the back nine to sit at 14 under after 12 holes when play was suspended due to darkness. Paisley turned in level par to sit a shot off the lead alongside home hope Franc-esco Molinari, Willett and his fellow Englishman Chris Han-son. — AFP

Nadal helps Spain return to Davis Cup World GroupNEW DELHI: Tennis star Rafael Nadal and Marc Lopez clinched the Davis Cup World Group play-off tie for Spain with a hard-fought doubles win over India in New Delhi on Saturday. Nadal and Lopez, who won the doubles gold at the recent Rio Olympics, helped Spain take an unassailable 3-0 lead to enter the elite group after a two-year gap. World No 4 Nad-al shrugged off early rustiness as the Spanish pair served past the Indian duo of Leander Paes and Saketh Myneni 4-6, 7-6, 6-4, 6-4 in three hours and 23 minutes. — AFP

Ancelotti happy to win ugly after record startBERLIN: Carlo Ancelotti was happy for illness-hit Bayern Munich to win ugly in Satur-day’s 3-1 comeback victory against Ingolstadt as the Bun-desliga giants fi nally conceded a goal this season. Ancelotti replaced Pep Guardiola as Bay-ern’s head coach at the start of the season and the Bavarians scored 20 goals without reply in winning their fi rst fi ve compet-itive games. “Ingolstadt played well, they pressed us high up and played long balls in order to use their quality in the air,” said Ancelotti. — AFP

I N BR I E F

RIO DE JANEIRO: An Iranian Paralympic cyclist was killed in a road race crash, casting a tragic shad-ow over the Rio Games on the eve of yesterday’s closing ceremony.

Bahman Golbarnezhad, 48, fell during the event on Saturday and died of his injuries despite an at-tempt to take him to the hospital for treatment, offi cials said.

Th e cyclist, who wore a prosthesis on his left leg, took up the sport in 2002 and also competed at the Lon-don 2012 Paralympics. It was the fi rst ever death of an athlete during the Games, International Paralympics Committee (IPC) president Philip Craven told journalists.

Golbarnezhad’s accident oc-curred during the more than two-hour C4-5 road race for athletes with varying disabilities but still able to bicycle. He was in the fi rst section of a mountainous descent when he fell.

“Th e athlete received treatment at the scene and was in the process of being taken to the athlete hospital when he suff ered a cardiac arrest,” the IPC said in a statement.

“Th e ambulance then diverted to the nearby Unimed Rio Hospital in Barra where he passed away soon after arrival.”

Paralympic offi cials said Golbarn-ezhad’s family in Iran had been in-

LONDON: Kevin De Bruyne, Raheem Sterling and Kelechi Iheanacho shone as Manchester City crushed Bournemouth 4-0 on Saturday to preserve their lead at the Premier League summit.

Everton climbed to second by beating Middlesbrough, while Is-lam Slimani scored twice on his fi rst league start as champions Leicester City downed Burnley 3-0 and Arse-nal won 4-1 at Hull City.

Everton remain two points back

WEST BROMWICH: West Brom-wich Albion welcomed their new Chinese owners and eased the pres-sure on boss Tony Pulis with a 4-2 win against struggling West Ham on Saturday.

Yunyi Guokai Sports Develop-

ment Ltd, led by Chinese entrepre-neur Guochuan Lai, completed their protracted takeover of the Premier League club last Th ursday and their reign got off to a memorable start.

Nacer Chadli’s early penalty open-ing the scoring at the Hawthorns

before goals from Salomon Rondon and James McClean put Albion in complete control before half-time.

Chadli added his second after the interval and although Michail An-tonio and Manuel Lanzini reduced the defi cit for West Ham, it was too

late to save the visitors from a fourth defeat in fi ve league games.

Albion’s fi rst win since the open-ing day of the season was well-timed for Pulis, who recently put his job at risk by publicly criticising the club’s transfer policy. — AFP

Albion down Hammers to mark Chinese takeover

formed and the Iranian team was also told the news during a meeting at the Athletes’ Village.

He had been competing in one of the last contests before the Games ended yesterday for a closing cer-emony in the Maracana football stadium.

Offi cials said that a minute of si-lence would be observed during the ceremony where Brazil would sym-bolically hand over to Tokyo, host of the 2020 Olympics and Paralympics.

Organisers said that the show in the famous football stadium would feature the best of Brazil’s rich music and dance culture in a celebration of what many say have been a surpris-ingly successful Rio Games.

Golbarnezhad was married with one son, said Masoud Ashrafi , from the Iranian Paralympic Committee.

Craven called the Iranian’s death “truly heartbreaking” and that “everything” had been done to try and save him. — AFP

Man City power on, Slimani lifts Leicesterin second place after Ronald Koe-man’s side came from behind to beat Middlesbrough 3-1 at Good-ison Park.

Boro took a 21st-minute lead when Everton goalkeeper Maarten Stekelenburg palmed George Friend’s cross into his own net as he was challenged by Alvaro Negredo.

But Gareth Barry marked his 600th Premier League appearance with an equaliser while Seamus Coleman and Romelu Lukaku com-pleted the comeback before half-time.

Arsenal stand three points below Everton in third place after Chilean forward Alexis Sanchez scored twice and squandered a penalty in their success at Hull.

Arsenal are level on points with Chelsea and Liverpool, who met at Stamford Bridge last Friday, with the Merseyside club winning 2-1.

Leicester climbed to ninth place after Slimani scored a brace against Burnley at the King Power Stadium.

Th e Algeria striker was making his league debut after his £28 mil-lion (RM151 million) transfer from

Sporting Lisbon. He scored a pair of headers ei-

ther side of half-time, nodding in a Christian Fuchs free kick in fi rst-half injury time and then heading home from strike partner Jamie Vardy’s fl ick.

Ben Mee’s own goal from Riyad Mahrez’s cross completed the scor-ing in the 78th minute.

“It’s important Slimani continues to score because if he only scores in the fi rst match, we have a problem,” said Leicester manager Claudio Ra-nieri. — AFP

Golbarnezhad competing in the Men’s Road Race C4-5 during the Paralympic Games in Rio de Janeiro on Saturday, before a crash on the fi rst section of the Grumari loop and subsequently taken to the athlete hospital when he suff ered a cardiac arrest. Photo by AFP

24 live it! W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY S H A L I N I Y E A P

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

BOTH avid fans of and strangers to the Star Wars franchise can look forward to a special movie night at Live House KL today. Catch the screening of Star Wars V: The Empire Strikes Back for free with happy hour all night long and Killer Gourmet Burgers on the menu for dinner. Screening starts at 8pm at Live House KL, TREC Jalan Tun Razak, Kuala Lumpur. Visit www.facebook.com/pg/livehousekl or call (012) 372 2374 for reservations.

CATCH a guitar concerto performance by Dmitry Maloletov, one of Russia’s top gui-tarists tonight. Sit back and enjoy his com-positions that fuse the elements of classical, jazz, rock and folk music. Entrance is free and the concert will begin at 8.30pm at the Orchestra Hall of Akademi Seni Budaya Dan Warisan Kebangsaan, 464, Jalan Tun Ismail, Kuala Lumpur. Visit www.diversecity.my for more details.

TRY out the new autumn lunch menu at Lafi te, crafted by chef Remy Lefebvre using farm fresh vegetables as well as season-al and sustainable ingredients. The menu includes butternut squash, salmon tartar and portobello ravioli as starters, quail and red snapper as main course and chocolate, dates and liquorice and cherry and pista-chio fi nancier for dessert. The two-course lunch is priced at RM98nett, while three courses are RM145nett. Lafi te is located at Shangri-La Hotel, 11 Jalan Sultan Ismail Kuala Lumpur. Visit www.shangri-la-spe-cials.com for more details. Call (03) 2074 3900 or email [email protected] for reservations.

For the 10th consecutive year, France’s national cognac board (Bureau Interprofessionnel du Cognac or BNIC) is holding an auction in collaboration with Artcurial, selling 24 prestigious

carafes containing precious cognacs, some more than a hundred years old. The La Part des Anges auction is an annual event that draws collectors from all over the world. It’s due to be held on Sept 22 in the French town of — where else? — Cognac. Find out more about the auction in this Q&A.

What is being sold in this auction? 24 prestigious carafes of cognac have been generously donated by some of France’s top cognac makers. All are luxury items in their own right, both in their physical form and in their contents. Th e Hine distillery, for exam-ple, has donated a bottle of its 1916 vintage cognac in a beechwood presentation case fi nished with a design by contemporary art-ist, James Viscardi. Its auction price is esti-mated at €7,000 (approximately RM32,299). Proceeds of the La Part des Anges auction are donated to charity. Th is year, funds will go to Apprentis d’Auteuil, a foundation that helps young people experiencing diffi culties in their home, school or social lives. Th is 10th edition of the auction is also being sponsored by Michelin-starred chef, Guy Savoy.

Cognac auction to

feature luxury bottles

with artwork and

VIP experiences

Who can bid in the auction? Each year, collectors from all over the world head to this eagerly-awaited event, which has become an early fall tradition. A char-ity gala dinner is also held to accompany the event. However, the auction is open to all wine and spirit lovers, who can bid for carafes live online at www.artcurial.com. Bidders will need to sign up at least two working days in advance. Th e Artcurial sales offi ce can be contacted by email or telephone: [email protected] or (330) 1 42 99 20 51.

What kind of price do carafesstart from? Carafes in the La Part des Ang-es auction start from an estimated price of €1,000 for a Remy Martin bottle. This unique example of the limited edition jeroboam-sized XO cognac was specially designed for the 2015 Cannes Film Festi-val. Th e bottle is even signed by that year’s jury presidents, Ethan and Joel Coen, and jury members, Sophie Marceau, Sienna Miller, Xavier Dolan, Jake Gyl-lenhaal, Guillermo del Toro, Rossy de Palma and Rokia Traore. Th is lot is a truly ex-ceptional gift as it also includes a 24-hour VIP experience at the 2017 Cannes Film Festival, includ-ing the chance to walk the famous Cannes steps for a movie screening.

How much is the most expensive carafe expected to fetch? Th e most expensive carafe is a Hennessy bottle estimated at €20,000. The cognac maker — part of France’s LVMH group — has donated a carafe with an understated appearance, housing an exclusive blend of eaux-de-vie from a century-old cellar. Th e master blender has drawn on the contents of this prestigious storehouse to create an Edition Particuliere cognac especially for the La Part des Anges auction. It promises a timeless blend of remarkable intensity, reflecting the historic savoir faire of the Hennessy distillery.

Where does the name of the auction, La Part des Anges,come from?La Part des Anges means “the angels’

share” in English. Th is poetic and evoc-ative name refers to a well-known phe-nomenon in the world of cognac making.

As it ages, this French brandy draws fl avour from the oak barrels it is

stored in to mature. Since the cognac is in constant con-

tact with air, some of the spirit’s alcohol evaporates during the process. Th is

is known as “the angels’ share”. Th e process also helps cognacs develop more complex and re-fi ned fl avours. — AFP

L UXURY GOINGUNDER THE HAMMER

The Hine distillery’s 1916 vintage cognac is presented in a beechwood presentation case, fi nished with a design by contemporary artist James Viscardi.

The Edition Particuliere cognac was created especially for the La Part des Anges auction and is a timeless blend of remarkable intensity that refl ects the historic savoir faire of the Hennessy distillery.

A limited edition jeroboam-sized Remy Martin XO,

specially designed for the 2015 Cannes Film Festival.

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 1,652.99 -8.40 -0.51

KLSE INDUSTRIAL 3,099.85 -9.38 -0.30

CONSUMER PRODUCT 599.55 -1.66 -0.28

INDUSTRIAL PRODUCT 142.43 0.02 0.01

CONSTRUCTION 287.78 0.17 0.06

TRADE & SERVICES 225.15 -0.72 -0.32

KLSE FINANCIAL 14,216.88 -30.90 -0.22

KLSE PROPERTY 1,195.34 -3.56 -0.30

KLSE PLANTATION 7,846.61 -19.35 -0.25

KLSE MINING 486.34 Unch Unch

INDICES CLOSE +/- %CHGTECHNOLOGY 22.44 0.27 1.22

FTSE BURSA 100 11,379.44 -32.93 -0.29

FTSE BURSA MID 70 13,674.44 50.45 0.37

FTSE BURSA SMALL CAP 15,262.26 6.39 0.04

FTSE BURSA FLEDGLING 15,892.14 84.34 0.53

FTSE BURSA EMAS 11,674.44 -31.53 -0.27

FTSE BUR M’SIA ACE 5,218.88 32.09 0.62

FTSE BUR EMAS SHARIAH 12,327.23 -29.46 -0.24

FTSE BUR HIJRAH SHARIAH 13,738.48 -54.81 -0.40

FTSE/ASEAN 40 9,246.07 61.11 0.67

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.824 0.562 0.715 0.705 7120 ACOSTEC 0.710 UNCH 126.9 0.712 14.49 3.52 126.3 4.232 3.297 3.900 3.890 7090 AHEALTH 3.900 UNCH 10.1 3.898 11.82 2.95 456.9 15.020 5.900 13.800 13.360 2658 AJI 13.360 -0.500 121.1 13.508 18.70 2.53 812.3 0.285 0.210 — — 7051 AMTEK 0.240 — — — — — 12.0 6.320 4.500 5.860 5.850 6432 APOLLO 5.850 -0.050 39 5.851 19.29 5.13 468.0 1.480 0.890 1.000 0.945 7722 ASIABRN 1.000 -0.020 21.6 0.974 — 0.50 79.1 5.174 3.303 3.700 3.680 7129 ASIAFLE 3.680 UNCH 22.2 3.684 9.94 4.35 707.5 61.652 39.875 50.400 49.020 4162 BAT 49.020 -0.480 245.3 49.174 20.73 5.22 13,996.7 0.080 0.035 0.040 0.035 7243 BIOOSMO 0.040 0.005 550 0.040 — — 19.9 0.793 0.550 0.560 0.560 9288 BONIA 0.560 UNCH 151.1 0.560 18.12 — 451.5 1.870 0.970 1.660 1.630 7174 CAB 1.650 UNCH 103.5 1.643 16.22 — 287.5 0.660 0.451 0.515 0.505 7154 CAELY 0.505 -0.010 550.9 0.507 6.72 1.98 40.4 0.400 0.260 0.335 0.325 7128 CAMRES 0.335 0.010 125.5 0.330 9.77 — 65.9 15.200 10.731 14.600 14.440 2836 CARLSBG 14.520 -0.140 24.1 14.495 17.67 4.96 4,473.3 0.639 0.530 0.545 0.540 7035 CCK 0.545 0.005 55.1 0.541 11.67 2.75 171.9 2.667 1.970 2.030 2.010 7148 CCMDBIO 2.030 0.020 6.8 2.022 14.89 3.94 566.3 1.970 0.533 1.200 1.190 9423 CHEEWAH 1.200 -0.050 10.2 1.197 7.25 1.67 50.5 3.290 1.690 2.650 2.620 2828 CIHLDG 2.620 UNCH 6 2.625 15.95 — 424.4 0.075 0.025 0.035 0.035 5188 CNOUHUA 0.035 UNCH 130 0.035 — — 23.4 2.417 1.820 1.960 1.950 7205 COCOLND 1.950 UNCH 27 1.954 12.45 3.78 446.2 1.790 1.112 1.690 1.670 7202 CSCENIC 1.690 UNCH 103.2 1.680 14.47 7.10 203.6 0.175 0.075 0.080 0.075 5214 CSL 0.075 UNCH 909 0.079 1.29 — 93.2 0.075 0.035 0.045 0.040 7179 DBE 0.045 UNCH 15516.7 0.040 — — 48.7 0.965 0.765 — — 7119 DEGEM 0.835 — — — 14.30 2.99 111.9 65.980 44.118 60.100 59.000 3026 DLADY 59.000 -1.300 17.8 59.758 25.90 1.69 3,776.0 0.165 0.070 0.085 0.080 7198 DPS 0.085 UNCH 393.9 0.080 — — 50.0 0.265 0.030 0.045 0.035 7182 EKA 0.045 0.005 3729.4 0.040 — — 14.0 0.240 0.180 0.195 0.190 5091 EKOWOOD 0.190 -0.005 1.2 0.194 — — 31.9 0.460 0.220 0.230 0.225 9091 EMICO 0.230 0.005 122 0.229 6.02 — 22.1 2.556 1.651 — — 7149 ENGKAH 2.000 — — — 47.62 3.25 141.5 0.325 0.205 0.225 0.220 7208 EURO 0.225 0.005 138 0.225 19.40 — 54.7 0.940 0.640 — — 7094 EUROSP 0.780 — — — 162.50 — 34.6 27.000 17.245 24.500 24.480 3689 F&N 24.500 0.020 1011.2 24.499 22.88 2.55 8,986.1 0.940 0.495 0.695 0.660 9776 FARMBES 0.690 -0.005 62 0.689 4.99 — 42.1 1.078 0.990 1.000 0.990 2755 FCW 0.990 UNCH 6 0.995 59.28 1.52 247.5 1.207 0.376 0.710 0.710 8605 FFHB 0.710 UNCH 5.6 0.710 8.61 1.41 60.9 0.966 0.613 0.815 0.805 9172 FPI 0.810 -0.005 131.3 0.815 10.84 8.64 200.4 1.640 0.800 0.920 0.920 5102 GCB 0.920 -0.020 82.8 0.920 9.33 — 441.7 2.738 2.083 — — 5606 GOLDIS 2.680 — — — 15.71 0.75 1,636.6 1.200 0.940 — — 5606PA GOLDIS-PA 1.110 — — — — 3.60 505.4 0.090 0.010 — — 5187 HBGLOB 0.045 — — — — — 21.1 18.372 12.107 17.200 17.000 3255 HEIM 17.200 0.160 89.8 17.103 19.56 3.20 5,196.1 9.800 4.800 9.080 8.980 3301 HLIND 8.990 -0.010 54.7 9.004 11.22 3.56 2,947.9 1.169 0.841 0.885 0.875 5160 HOMERIZ 0.885 0.005 265.7 0.877 8.83 5.08 265.5 0.508 0.365 0.385 0.375 7213 HOVID 0.375 -0.010 751.4 0.378 16.74 2.67 306.7 5.220 2.867 — — 7141 HUATLAI 4.250 — — — 16.99 1.18 368.3 1.416 1.144 1.280 1.260 5024 HUPSENG 1.260 UNCH 25 1.276 19.78 3.17 1,008.0 0.590 0.355 0.520 0.520 8478 HWATAI 0.520 0.005 11.5 0.520 21.94 — 38.9 2.378 1.760 2.250 2.170 5107 IQGROUP 2.240 0.060 483.6 2.199 9.33 4.46 197.2 1.420 0.820 1.290 1.260 7152 JAYCORP 1.280 -0.010 185.2 1.275 9.84 3.13 175.7 0.930 0.505 0.535 0.535 8931 JERASIA 0.535 0.005 15 0.535 7.30 — 43.9 3.160 2.130 2.430 2.390 5247 KAREX 2.400 0.020 4264.4 2.409 37.56 0.70 2,405.7 4.000 2.340 3.820 3.760 7216 KAWAN 3.790 0.040 11 3.792 24.06 0.66 1,021.9 0.205 0.025 — — 8303 KFM 0.045 — — — — — 3.1 0.910 0.685 0.780 0.775 6203 KHEESAN 0.775 0.005 101 0.776 14.19 — 77.5 2.800 1.900 2.540 2.480 7062 KHIND 2.480 UNCH 2.1 2.509 9.70 4.03 99.3 1.180 0.955 — — 0002 KOTRA 1.050 — — — 17.89 — 139.1 0.110 0.035 0.100 0.085 5172 KSTAR 0.095 0.010 10062.1 0.096 — — 25.3 8.100 4.620 4.690 4.640 7006 LATITUD 4.640 -0.090 5 4.654 6.20 2.59 451.0 10.100 3.650 10.000 9.910 9385 LAYHONG 9.950 -0.040 90.2 9.948 448.20 — 602.7 0.335 0.250 0.280 0.280 8079 LEESK 0.280 0.010 130 0.280 9.00 — 47.0 3.365 1.934 2.970 2.930 7089 LIIHEN 2.930 -0.040 301.8 2.943 7.29 5.12 527.4 0.885 0.710 0.725 0.715 7126 LONBISC 0.725 0.010 263.4 0.720 7.33 — 135.2 1.827 1.311 1.350 1.350 7085 LTKM 1.350 -0.010 5 1.350 14.32 2.96 175.6 4.585 3.900 4.220 4.080 7087 MAGNI 4.150 0.050 24.6 4.108 8.22 2.65 675.3 0.110 0.020 — — 5189 MAXWELL 0.025 — — — — — 10.0 1.637 1.157 1.530 1.520 3662 MFLOUR 1.520 -0.010 197.6 1.521 16.47 3.29 836.4 1.040 0.810 — — 7935 MILUX 0.945 — — — — — 51.4 1.244 1.050 — — 5886 MINTYE 1.050 — — — 20.83 4.76 63.8 5.120 4.423 4.990 4.990 5202 MSM 4.990 -0.010 39.7 4.990 16.85 5.21 3,507.9 0.105 0.025 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.626 1.113 — — 3921 MWE 1.210 — — — — 1.10 280.2 81.084 68.541 80.060 79.700 4707 NESTLE 79.900 -0.120 66 79.951 27.22 3.07 18,736.6 3.350 2.164 3.120 3.100 7060 NHFATT 3.100 -0.030 18 3.107 9.79 3.55 233.0 0.200 0.080 — — 7139 NICE 0.090 — — — 22.50 — 27.2 0.370 0.240 — — 7215 NIHSIN 0.285 — — — — — 67.9 1.079 0.683 0.880 0.860 5066 NTPM 0.865 -0.015 86.4 0.869 16.63 1.85 971.6 0.753 0.345 0.385 0.375 7071 OCR 0.385 0.005 182.9 0.380 — — 91.6 0.060 0.040 0.050 0.050 7071PA OCR-PA 0.050 -0.005 36 0.050 — — 33.1 2.536 1.621 — — 7107 OFI 1.730 — — — 17.69 2.60 415.2 7.520 6.436 6.820 6.630 4006 ORIENT 6.630 -0.170 329 6.642 19.32 2.71 4,113.2 3.049 1.274 2.970 2.920 7052 PADINI 2.940 UNCH 450.7 2.946 14.07 3.40 1,934.3 38.617 19.527 36.300 35.700 3719 PANAMY 36.100 -0.200 27.7 35.995 14.29 3.85 2,192.9 1.230 0.587 1.210 1.170 5022 PAOS 1.190 0.020 478.8 1.187 41.46 2.10 143.7 0.390 0.210 0.320 0.320 9407 PARAGON 0.320 UNCH 11 0.320 8.23 — 22.4 0.885 0.325 — — 6068 PCCS 0.410 — — — — — 24.6 1.120 0.700 0.760 0.760 5231 PELIKAN 0.760 -0.010 16 0.760 61.29 — 420.5 0.229 0.150 0.170 0.165 4081 PMCORP 0.165 -0.005 39.3 0.165 9.02 — 127.6 0.580 0.427 0.485 0.475 5080 POHKONG 0.480 -0.005 36.2 0.479 50.00 2.08 197.0 2.043 1.373 1.560 1.520 7088 POHUAT 1.560 0.010 173.6 1.538 7.48 2.56 353.8 16.701 14.773 16.160 15.900 4065 PPB 16.020 -0.080 939.4 16.014 23.64 1.56 18,991.7 0.614 0.458 — — 7190 PPG 0.520 — — — 15.52 2.40 52.0 2.077 1.280 1.400 1.380 8966 PRLEXUS 1.400 UNCH 45.8 1.387 7.36 1.69 247.5 0.785 0.680 0.785 0.750 7134 PWF 0.750 -0.010 753.5 0.764 16.70 3.00 121.8 2.853 1.869 2.030 2.020 7237 PWROOT 2.020 0.020 113 2.026 15.93 5.20 614.9 4.597 3.915 4.400 4.170 7084 QL 4.400 0.140 1282.5 4.241 28.39 0.97 5,491.3 1.650 1.400 1.500 1.500 9946 REX 1.500 0.010 3.9 1.500 — — 92.5 1.438 1.020 1.090 1.070 5252 SASBADI 1.070 -0.020 91.8 1.078 19.24 1.87 299.0 0.500 0.270 0.280 0.275 5157 SAUDEE 0.280 UNCH 283 0.277 — — 33.6 1.250 0.595 1.180 1.160 7180 SERNKOU 1.180 UNCH 63.6 1.172 105.36 — 141.6 1.430 0.550 0.605 0.600 7165 SGB 0.605 UNCH 14 0.604 151.25 — 78.8 0.120 0.055 — — 7165PA SGB-PA 0.065 — — — — — 31.7 2.450 1.340 1.780 1.770 7412 SHH 1.770 -0.010 38.1 1.774 7.50 5.65 88.5 1.234 0.704 0.940 0.930 7246 SIGN 0.930 -0.005 461 0.933 4.72 5.38 223.5 0.055 0.035 0.050 0.050 8532 SINOTOP 0.050 UNCH 60 0.050 62.50 — 98.7 0.405 0.130 — — 7943 SNC 0.255 — — — 63.75 — 16.8 2.750 1.778 2.440 2.400 7103 SPRITZER 2.400 UNCH 5.2 2.402 12.29 2.08 393.2 1.505 0.762 1.160 1.160 7186 SWSCAP 1.160 -0.040 5 1.160 21.01 0.86 169.2 0.745 0.425 0.515 0.510 7082 SYF 0.515 UNCH 107 0.514 8.74 — 315.2 0.450 0.290 — — 7211 TAFI 0.325 — — — — — 26.0 2.920 1.830 1.840 1.830 4405 TCHONG 1.840 UNCH 11.9 1.839 — 2.17 1,236.5 1.419 0.407 1.320 1.270 7200 TEKSENG 1.300 0.010 1555.6 1.301 8.00 2.31 442.1 1.702 1.130 1.180 1.150 7252 TEOSENG 1.170 -0.010 25.1 1.172 11.87 2.99 351.0 1.610 1.184 1.350 1.350 9369 TGL 1.350 -0.050 1.2 1.350 10.10 5.56 55.0 0.560 0.435 — — 7230 TOMEI 0.480 — — — 32.65 2.08 66.5 0.510 0.420 0.430 0.430 7176 TPC 0.430 UNCH 20 0.430 18.22 — 100.5 8.624 4.880 5.840 5.740 4588 UMW 5.790 -0.010 1167.2 5.805 — 3.45 6,764.4 2.332 1.468 — — 7757 UPA 2.050 — — — 9.14 4.39 163.1 1.008 0.456 — — 7203 WANGZNG 0.875 — — — 9.34 3.43 140.0 0.070 0.030 0.030 0.030 5156 XDL 0.030 -0.005 1560 0.030 25.00 — 80.9 0.540 0.390 — — 7121 XIANLNG 0.430 — — — — — 31.3 0.607 0.095 0.100 0.095 5155 XINQUAN 0.100 UNCH 177.3 0.100 — 18.30 48.5 2.450 1.542 2.280 2.240 5584 YEELEE 2.280 0.040 39.3 2.267 10.22 1.54 429.1 1.340 0.190 1.340 1.290 7184 YEN 1.310 0.030 698.6 1.311 — — 180.1 1.370 0.787 — — 5159 YOCB 1.150 — — — 9.17 3.48 184.0 2.829 2.070 2.100 2.090 7178 YSPSAH 2.100 UNCH 86.3 2.097 10.12 3.10 282.8 1.638 1.340 1.350 1.340 5131 ZHULIAN 1.350 UNCH 75.5 1.343 13.98 4.44 621.0INDUSTRIAL PRODUCTS 1.460 0.922 1.380 1.340 0012 3A 1.350 -0.020 621.7 1.360 20.93 1.04 531.4 0.160 0.090 0.095 0.095 7086 ABLEGRP 0.095 UNCH 160 0.095 — — 25.1 0.590 0.470 — — 7061 ABRIC 0.505 — — — — — 74.3 0.320 0.230 — — 7131 ACME 0.230 — — — 11.92 — 50.3 1.000 0.650 0.780 0.760 7191 ADVENTA 0.780 0.025 18 0.769 46.71 — 119.2 2.840 1.795 — — 9148 ADVPKG 2.270 — — — 15.84 5.29 46.5

0.180 0.100 0.155 0.150 7146 AEM 0.155 0.005 1467.9 0.153 — — 41.7 0.480 0.340 — — 5198 AFUJIYA 0.385 — — — 21.51 — 69.3 0.610 0.260 0.610 0.560 2682 AISB 0.595 0.015 1282.4 0.594 — — 78.5 1.141 0.775 0.815 0.795 7609 AJIYA 0.800 0.010 464.1 0.804 14.90 1.88 243.7 0.400 0.110 — — 9954 AKNIGHT 0.120 — — — — — 7.0 0.940 0.660 0.895 0.860 2674 ALCOM 0.885 UNCH 261.5 0.884 40.05 5.65 118.9 0.460 0.320 0.385 0.360 4758 ANCOM 0.385 0.030 752.3 0.373 — — 84.3 1.960 0.620 1.960 1.870 6556 ANNJOO 1.950 0.070 2811.2 1.929 — 1.54 1,019.3 0.360 0.120 0.235 0.215 9342 ANZO 0.225 0.005 8171 0.226 — — 67.3 1.465 0.963 — — 5568 APB 1.030 — — — — 6.31 116.3 4.249 3.400 3.400 3.400 5015 APM 3.400 UNCH 2.5 3.400 16.59 5.00 685.4 0.905 0.435 0.865 0.830 7214 ARANK 0.860 0.030 4967.9 0.852 7.14 2.62 103.2 0.820 0.582 0.795 0.760 7162 ASTINO 0.790 0.030 1127.7 0.779 9.66 2.47 216.6 0.700 0.475 0.610 0.590 7099 ATTA 0.610 0.050 66.7 0.607 — — 43.2 1.660 0.585 0.925 0.925 7181 ATURMJU 0.925 0.015 33.2 0.925 — — 56.5 2.480 1.410 1.600 1.590 8133 BHIC 1.600 0.010 12 1.595 — — 397.5 0.795 0.330 0.470 0.470 7005 BIG 0.470 UNCH 15 0.470 — — 22.6 0.140 0.095 0.100 0.095 7187 BKOON 0.095 -0.005 210.9 0.100 — — 26.3 1.236 0.956 1.000 0.985 0168 BOILERM 1.000 0.010 59 0.997 17.54 1.50 516.0 3.100 2.060 2.060 2.060 6297 BOXPAK 2.060 UNCH 1 2.060 25.69 — 123.6 1.936 1.035 1.570 1.550 5100 BPPLAS 1.550 -0.020 175.5 1.556 11.65 2.58 290.9 0.450 0.285 0.315 0.310 9938 BRIGHT 0.315 -0.005 33 0.311 — — 51.7 0.310 0.180 — — 7221 BSLCORP 0.235 — — — — — 23.0 0.420 0.195 0.265 0.250 7188 BTM 0.265 0.015 297.3 0.261 — — 33.2 5.110 2.254 3.380 3.320 5105 CANONE 3.380 0.040 44 3.343 8.49 1.18 649.5 0.150 0.025 0.030 0.025 5229 CAP 0.030 UNCH 223 0.027 1.42 — 40.9 2.315 1.629 2.020 2.020 7076 CBIP 2.020 0.020 27 2.020 12.52 2.97 1,087.3 1.071 0.820 0.900 0.900 2879 CCM 0.900 UNCH 23 0.900 11.64 5.56 411.9 1.730 1.248 1.720 1.720 7171 CENBOND 1.720 UNCH 161.8 1.720 13.48 1.74 206.4 2.560 1.380 1.600 1.600 8435 CEPCO 1.600 -0.020 7 1.600 4.99 — 71.6 1.500 1.140 — — 8044 CFM 1.140 — — — — — 46.7 2.284 1.301 1.790 1.720 5007 CHINWEL 1.780 0.030 1240.8 1.738 8.42 4.78 533.2 2.160 1.304 2.160 1.860 5797 CHOOBEE 2.120 0.260 1013.1 2.044 20.97 1.89 233.0 1.000 0.640 — — 8052 CICB 0.930 — — — — — 42.6 0.075 0.040 — — 7018 CME 0.055 — — — — — 24.3 5.389 3.170 3.900 3.850 2852 CMSB 3.850 UNCH 1946.9 3.852 26.01 1.17 4,136.3 0.360 0.130 0.315 0.310 7986 CNASIA 0.315 -0.035 6.2 0.314 — — 14.3 2.238 1.411 1.500 1.490 5071 COASTAL 1.500 0.010 193.1 1.497 12.01 2.00 797.4 0.990 0.240 0.845 0.825 7195 COMCORP 0.830 0.005 2660.6 0.835 6.84 — 116.2 1.000 0.605 0.785 0.760 2127 COMFORT 0.770 UNCH 1012.3 0.770 35.00 — 430.3 1.890 0.866 1.890 1.780 5094 CSCSTEL 1.880 0.090 7871.7 1.855 9.32 4.26 714.4 0.070 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.974 0.656 0.845 0.840 7157 CYL 0.840 -0.010 50 0.842 14.61 7.14 84.0 0.440 0.300 0.375 0.375 5082 CYMAO 0.375 0.005 10 0.375 — — 28.1 2.352 2.070 2.270 2.230 8125 DAIBOCI 2.250 UNCH 24.6 2.250 27.78 2.46 614.8 0.445 0.280 0.325 0.320 8176 DENKO 0.325 UNCH 20.6 0.324 11.09 — 34.0 0.295 0.170 0.285 0.280 7114 DNONCE 0.280 -0.005 2495 0.285 — — 50.5 0.635 0.270 — — 5835 DOLMITE 0.330 — — — — — 88.7 0.475 0.382 — — 5835PA DOLMITE-PA 0.410 — — — — — 5.1 0.850 0.420 0.425 0.420 5265 DOLPHIN 0.425 UNCH 121.5 0.424 34.84 — 94.4 1.285 1.071 1.180 1.140 7169 DOMINAN 1.180 UNCH 51 1.156 16.57 3.39 194.7 1.450 0.775 1.350 1.310 1619 DRBHCOM 1.340 -0.010 3876.9 1.332 — 1.49 2,590.5 0.700 0.281 0.625 0.605 7233 DUFU 0.620 0.015 1460.4 0.615 7.75 3.39 108.8 1.260 0.494 0.845 0.840 8907 EG 0.840 -0.010 401.5 0.843 5.46 — 177.7 1.420 0.965 0.985 0.965 9016 EKSONS 0.985 UNCH 15 0.971 — — 161.7 0.960 0.190 0.855 0.825 7217 EMETALL 0.835 0.005 4275 0.842 6.54 — 142.9 0.759 0.520 0.595 0.520 7773 EPMB 0.595 0.060 134.9 0.568 — 1.68 98.7 1.683 0.735 0.925 0.915 5101 EVERGRN 0.920 UNCH 1572 0.920 8.57 1.09 778.7 1.552 0.671 0.850 0.840 7249 EWEIN 0.850 UNCH 21.3 0.841 10.10 0.59 188.9 1.176 0.933 1.080 1.080 2984 FACBIND 1.080 -0.010 2 1.080 20.26 2.31 92.0 3.022 2.270 2.350 2.330 7229 FAVCO 2.330 UNCH 106.3 2.347 5.88 6.44 515.9 0.835 0.361 0.580 0.565 0149 FIBON 0.575 0.010 126.9 0.577 11.25 1.83 56.4 2.266 2.122 2.160 2.160 3107 FIMACOR 2.160 UNCH 22.7 2.160 10.33 6.94 529.8 3.090 1.420 1.490 1.470 5197 FLBHD 1.490 0.010 245.8 1.479 5.43 10.07 153.8 1.570 1.370 — — 3611 GBH 1.400 — — — — 10.71 261.2 2.970 0.880 1.540 1.540 7197 GESHEN 1.540 0.010 1 1.540 10.38 — 123.2 0.075 0.040 0.045 0.040 5220 GLOTEC 0.040 -0.005 845.9 0.040 — — 215.3 0.735 0.180 0.640 0.615 7192 GOODWAY 0.620 -0.015 931.5 0.625 — — 68.5 0.130 0.075 0.095 0.095 7096 GPA 0.095 UNCH 128.5 0.095 — — 93.1 0.565 0.295 0.315 0.315 5649 GPHAROS 0.315 -0.010 20 0.315 — — 42.4 0.312 0.187 0.225 0.220 0136 GREENYB 0.225 UNCH 41.2 0.224 16.67 3.33 75.1 0.135 0.080 0.115 0.115 7077 GSB 0.115 0.005 50 0.115 — — 60.7 1.038 0.749 0.840 0.820 3247 GUH 0.835 0.015 46 0.827 26.34 4.19 232.1 0.750 0.390 0.410 0.395 5151 HALEX 0.410 0.015 12.7 0.406 — — 43.5 6.068 3.776 4.440 4.300 5168 HARTA 4.400 -0.030 1239.4 4.378 28.76 1.82 7,220.9 3.500 2.640 3.050 3.050 7105 HCK 3.050 -0.050 1 3.050 27.43 — 169.1 1.746 1.033 1.260 1.250 5095 HEVEA 1.250 -0.010 1488.2 1.258 6.96 3.04 604.9 0.985 0.782 0.925 0.905 3298 HEXZA 0.915 0.005 217.4 0.910 11.44 4.92 183.3 0.525 0.180 0.310 0.295 5072 HIAPTEK 0.305 0.010 19244.7 0.304 — 0.98 393.1 0.720 0.130 0.190 0.185 5199 HIBISCS 0.190 UNCH 4568.5 0.190 — — 258.7 1.768 0.918 — — 7033 HIGHTEC 1.000 — — — 12.22 3.50 40.6 0.970 0.637 0.845 0.840 8443 HIL 0.840 -0.005 20 0.845 16.70 1.79 234.1 0.400 0.280 0.320 0.280 5165 HOKHENG 0.320 UNCH 103.1 0.297 31.68 — 25.6 0.070 0.020 — — 2739 HUAAN 0.025 — — — — — 28.1 3.496 2.852 3.140 3.130 5000 HUMEIND 3.140 UNCH 73.5 3.140 30.88 0.96 1,504.4 0.130 0.050 0.055 0.055 9601 HWGB 0.055 UNCH 658 0.055 — — 49.9 0.960 0.760 — — 9687 IDEALUBB 0.800 — — — 470.59 — 88.4 2.190 1.518 2.040 1.900 7222 IMASPRO 2.010 -0.030 29.2 1.992 17.54 1.74 160.8 0.360 0.220 0.250 0.235 7183 IRETEX 0.250 0.010 30.2 0.247 — — 33.3 0.120 0.055 0.070 0.070 7223 JADI 0.070 -0.005 359 0.070 11.48 — 65.9 0.170 0.140 0.150 0.150 8648 JASKITA 0.150 UNCH 200 0.150 — 2.00 67.4 0.280 0.060 — — 2747 JAVA 0.080 — — — — — 13.9 1.320 0.950 1.010 1.010 7043 JMR 1.010 -0.050 0.1 1.010 30.79 2.97 128.1 1.040 0.551 0.880 0.850 7167 JOHOTIN 0.875 0.030 216.2 0.866 10.62 1.71 217.7 1.810 1.050 1.220 1.210 4383 JTIASA 1.220 0.010 304.2 1.214 20.00 0.82 1,187.9 0.230 0.160 0.190 0.180 0054 KARYON 0.185 UNCH 1278.1 0.184 20.56 2.16 88.0 1.290 0.422 0.835 0.805 7199 KEINHIN 0.820 -0.005 73 0.810 8.70 1.83 81.2 0.985 0.455 — — 6211 KIALIM 0.480 — — — — — 29.7 3.418 2.840 2.860 2.840 3522 KIANJOO 2.850 UNCH 6.3 2.856 10.63 0.70 1,265.9 2.516 1.590 1.680 1.590 5371 KIMHIN 1.660 -0.020 163.5 1.627 13.86 3.61 258.3 0.145 0.045 0.055 0.050 5060 KINSTEL 0.055 0.005 1966.8 0.050 — — 57.7 1.815 1.350 1.420 1.410 9466 KKB 1.410 UNCH 29.7 1.417 — 2.84 363.5 0.580 0.395 0.415 0.410 7164 KNM 0.415 UNCH 1861 0.412 33.20 — 894.8 2.703 1.036 1.170 1.170 6971 KOBAY 1.170 -0.010 10 1.170 18.40 2.56 79.7 0.775 0.335 0.365 0.360 7017 KOMARK 0.360 -0.005 187 0.361 22.78 — 44.9 9.402 5.839 6.480 6.260 7153 KOSSAN 6.260 -0.220 1077.8 6.370 19.82 1.92 4,003.1 0.600 0.370 — — 7130 KPOWER 0.410 — — — — — 23.1 5.671 4.568 4.860 4.830 3476 KSENG 4.860 0.030 5.3 4.831 29.47 2.06 1,756.8 0.472 0.346 0.465 0.420 5192 KSSC 0.460 0.040 1490.1 0.453 19.09 1.74 44.2 0.560 0.300 — — 8362 KYM 0.300 — — — — — 45.0 9.598 7.322 7.920 7.680 3794 LAFMSIA 7.760 -0.090 668.3 7.745 43.11 2.58 6,593.6 0.715 0.440 0.715 0.625 9326 LBALUM 0.710 0.085 30606.5 0.680 11.20 2.82 176.4 0.777 0.540 0.560 0.545 5092 LCTH 0.545 -0.005 126.6 0.551 9.01 7.34 196.2 0.585 0.407 0.575 0.555 5232 LEONFB 0.565 0.005 6267.1 0.567 8.64 2.65 175.2 0.170 0.100 0.115 0.110 8745 LEWEKO 0.115 UNCH 67.6 0.112 — — 37.0 0.075 0.010 0.015 0.015 3581 LIONCOR 0.015 UNCH 86.6 0.015 — — 19.7 0.110 0.020 0.025 0.025 2887 LIONDIV 0.025 UNCH 368.5 0.025 — — 34.8 0.475 0.220 0.385 0.370 4235 LIONIND 0.385 UNCH 2455.7 0.378 — — 276.4 0.570 0.110 0.570 0.520 9881 LSTEEL 0.530 0.020 5612.6 0.548 2650 — 67.9 0.095 0.060 0.065 0.060 5068 LUSTER 0.060 UNCH 1151 0.065 — — 103.9 3.921 3.210 3.460 3.460 9199 LYSAGHT 3.460 -0.030 3 3.460 10.84 4.34 143.9 0.830 0.340 0.830 0.780 5098 MASTEEL 0.820 0.035 6140.5 0.812 — 0.79 200.5 0.776 0.530 0.590 0.555 7029 MASTER 0.590 UNCH 1.6 0.557 10.95 1.69 32.2 0.605 0.360 — — 8095 MAYPAK 0.575 — — — — — 24.2 1.059 0.688 1.040 1.020 5152 MBL 1.020 -0.010 255.2 1.026 10.03 1.96 93.8 1.080 0.710 0.730 0.720 7004 MCEHLDG 0.720 UNCH 12.8 0.725 — — 32.0 0.620 0.175 0.590 0.560 3778 MELEWAR 0.575 0.005 6625.5 0.575 15.97 — 130.4 0.657 0.490 0.500 0.500 5223 MENTIGA 0.500 UNCH 20 0.500 28.25 2.00 35.0 1.571 1.038 — — 8192 MERCURY 1.210 — — — 8.44 4.96 48.6 1.982 1.595 1.850 1.850 6149 METROD 1.850 0.130 1 1.850 11.28 3.24 222.0 1.340 0.800 0.895 0.890 5001 MIECO 0.890 -0.005 63 0.894 4.59 — 186.9 0.110 0.060 0.080 0.080 7219 MINETEC 0.080 UNCH 116 0.080 — — 55.6 0.784 0.625 0.640 0.630 5576 MINHO 0.640 UNCH 144.2 0.631 9.88 — 140.6 3.260 2.150 3.250 3.180 5916 MSC 3.200 0.020 27.3 3.197 11.59 — 320.0 2.564 1.104 — — 3883 MUDA 1.770 — — — 15.90 1.69 539.9 0.965 0.210 0.910 0.875 5087 MYCRON 0.895 0.015 3589.9 0.895 10.47 — 253.8 0.200 0.050 — — 7002 NAKA 0.080 — — — — — 4.4 0.645 0.100 0.295 0.270 5025 NWP 0.275 UNCH 18360.1 0.283 — — 88.0 0.705 0.483 0.655 0.620 4944 NYLEX 0.650 0.025 2597.7 0.640 11.21 3.08 126.3 1.380 0.765 1.330 1.320 7140 OKA 1.320 -0.010 135.4 1.323 9.38 3.79 210.1 1.260 0.900 — — 5065 ORNA 0.960 — — — 11.29 3.13 72.2 0.095 0.050 0.070 0.070 7225 PA 0.070 UNCH 200 0.070 — — 66.3 7.432 5.803 6.700 6.510 5183 PCHEM 6.590 -0.040 8061.9 6.593 20.09 2.58 52,720.0 2.070 1.540 1.950 1.920 5271 PECCA 1.930 0.010 389.7 1.931 19.55 — 362.8 0.725 0.491 0.700 0.690 9997 PENSONI 0.695 UNCH 85.7 0.691 8.10 4.32 90.1 6.247 4.043 6.070 6.050 5436 PERSTIM 6.060 0.010 10 6.059 11.26 6.27 601.8 0.165 0.090 0.105 0.100 5146 PERWAJA 0.100 -0.005 497.9 0.101 — — 56.0 23.014 20.277 22.200 21.180 6033 PETGAS 21.900 -0.020 2266.8 21.776 27.60 2.74 43,334.2 6.982 2.741 4.110 4.050 3042 PETRONM 4.070 -0.050 94.2 4.077 6.51 4.91 1,098.9 2.731 1.830 1.920 1.910 7095 PIE 1.920 UNCH 34.5 1.918 19.61 1.25 737.4 1.649 0.867 1.410 1.400 7172 PMBTECH 1.400 -0.030 23 1.402 11.82 2.86 112.0 4.408 1.774 4.330 4.070 8869 PMETAL 4.330 0.240 2577 4.234 18.44 2.08 5,679.8 0.650 0.430 — — 6637 PNEPCB 0.495 — — — — — 65.1 0.460 0.280 — — 8117 POLY 0.300 — — — 11.28 — 48.0 1.170 0.750 0.975 0.950 8273 PPHB 0.960 0.005 56 0.958 7.36 — 105.5 0.380 0.300 — — 9458 PREMIER 0.330 — — — 71.74 — 111.2 0.740 0.396 0.740 0.675 9873 PRESTAR 0.725 0.050 5656.1 0.716 8.72 2.76 132.7 0.695 0.290 0.685 0.675 7168 PRG 0.680 0.005 57.5 0.679 24.46 0.74 201.4 0.180 0.085 0.095 0.095 7123 PWORTH 0.095 UNCH 423.4 0.095 32.76 — 62.2 1.640 1.300 — — 7544 QUALITY 1.350 — — — 14.33 — 78.2 0.950 0.705 — — 7498 RALCO 0.800 — — — 31.87 — 33.6 6.330 5.450 5.750 5.750 7765 RAPID 5.750 UNCH 84 5.750 — — 502.9 0.503 0.221 0.480 0.460 7232 RESINTC 0.480 -0.005 21 0.461 13.48 2.50 65.9 0.941 0.668 0.790 0.785 7803 RUBEREX 0.790 0.010 20 0.788 11.17 3.80 181.1 4.147 3.456 3.900 3.900 5134 SAB 3.900 0.020 23 3.900 22.83 1.28 534.0

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

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2 6 MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY



7.980 4.855 6.920 6.870 9822 SAM 6.870 UNCH 62.4 6.885 10.19 2.18 864.8 1.205 0.772 0.950 0.940 7811 SAPIND 0.950 0.020 20 0.942 10.39 6.32 69.1 1.800 1.230 1.270 1.240 5170 SCABLE 1.270 0.030 61 1.253 16.78 4.72 402.7 3.629 2.730 3.200 3.120 7247 SCGM 3.180 0.030 290.3 3.159 19.50 2.83 419.8 0.990 0.660 0.680 0.680 9237 SCIB 0.680 UNCH 38 0.680 — — 50.0 6.737 6.010 6.290 6.200 4731 SCIENTX 6.250 0.050 106.4 6.249 12.01 2.00 2,875.0 0.475 0.280 0.295 0.295 7239 SCNWOLF 0.295 UNCH 5 0.295 — — 25.8 0.320 0.135 0.155 0.135 7366 SCOMIEN 0.155 0.015 195 0.144 — — 53.0 1.304 0.580 0.850 0.840 7073 SEACERA 0.840 -0.005 100.7 0.841 43.08 3.57 197.6 0.350 0.195 0.200 0.195 5145 SEALINK 0.195 -0.005 68 0.198 — — 97.5 0.770 0.260 — — 5163 SEB 0.265 — — — — — 21.2 6.350 2.600 3.090 3.050 4324 SHELL 3.060 0.010 114.4 3.057 6.09 — 918.0 0.673 0.397 0.465 0.455 5181 SIGGAS 0.460 0.005 70.2 0.459 10.11 2.61 86.3 0.710 0.480 — — 7115 SKBSHUT 0.550 — — — — — 22.0 1.431 1.083 1.280 1.260 7155 SKPRES 1.280 UNCH 1356.6 1.270 17.32 2.73 1,501.1 3.073 1.508 2.450 2.450 7248 SLP 2.450 -0.020 4 2.450 21.99 1.22 606.0 0.818 0.587 — — 7132 SMISCOR 0.640 — — — — 3.91 28.7 1.180 0.690 1.180 1.090 5665 SSTEEL 1.170 0.050 3034.5 1.154 — — 490.7 0.425 0.230 0.290 0.290 7143 STONE 0.290 -0.005 20 0.290 — — 26.1 2.240 1.400 1.500 1.500 6904 SUBUR 1.500 UNCH 0.1 1.500 — — 313.5 2.504 1.296 1.710 1.680 7207 SUCCESS 1.690 -0.010 186.9 1.685 8.43 4.73 202.8 2.309 1.326 2.180 2.160 7235 SUPERLN 2.180 UNCH 24.4 2.180 10.39 2.52 174.4 3.501 1.879 2.170 2.140 7106 SUPERMX 2.150 -0.010 809.3 2.147 14.10 1.86 1,462.3 4.730 3.410 3.510 3.430 5012 TAANN 3.510 0.020 7.8 3.489 9.22 3.56 1,561.4 0.545 0.235 0.435 0.430 4022 TADMAX 0.435 UNCH 313.1 0.435 — — 213.0 0.830 0.310 0.340 0.340 5149 TAS 0.340 0.010 9.9 0.340 — — 61.2 15.100 13.376 14.820 14.800 4448 TASEK 14.800 -0.020 10.9 14.800 23.31 6.76 1,829.6 14.940 14.940 — — 4448P TASEK-PA 14.940 — — — — 7.36 5.0 0.190 0.090 0.130 0.115 5178 TATGIAP 0.130 0.010 2020 0.127 — — 20.2 0.455 0.220 — — 7097 TAWIN 0.440 — — — — — 28.3 2.210 0.700 1.110 1.110 7439 TECGUAN 1.110 0.010 3.6 1.110 6.55 — 44.5 1.720 0.955 1.070 1.060 9741 TECNIC 1.070 UNCH 3 1.068 — — 43.2 0.495 0.230 0.330 0.325 6378 TEKALA 0.325 -0.015 11 0.330 — — 49.7 4.580 1.693 4.350 4.270 7034 TGUAN 4.280 -0.040 269.4 4.288 8.28 1.40 450.6 2.553 1.292 1.710 1.690 7374 TIENWAH 1.690 -0.010 51.4 1.697 5.12 9.28 244.6 0.800 0.600 — — 7854 TIMWELL 0.660 — — — 37.93 — 58.8 2.294 1.630 1.680 1.650 7285 TOMYPAK 1.660 UNCH 345.2 1.670 10.81 5.06 272.6 2.090 1.638 — — 5010 TONGHER 2.040 — — — 19.39 4.90 260.0 6.940 4.200 4.730 4.630 7113 TOPGLOV 4.690 0.040 2724.2 4.689 14.69 2.56 5,885.1 0.695 0.510 — — 7173 TOYOINK 0.530 — — — 29.28 1.89 56.7 0.270 0.140 0.180 0.175 4359 TURIYA 0.180 UNCH 32 0.178 100.00 — 41.2 1.670 1.310 1.660 1.640 7100 UCHITEC 1.650 UNCH 177 1.650 13.18 6.39 732.1 6.860 3.421 4.340 4.180 7133 ULICORP 4.340 0.120 96.9 4.298 18.38 2.76 630.2 1.460 0.700 1.230 1.220 7227 UMSNGB 1.220 -0.010 10 1.223 9.53 2.46 97.6 1.700 0.610 1.130 1.120 4995 VERSATL 1.130 -0.010 374.1 1.129 — — 132.6 1.633 1.130 1.350 1.320 6963 VS 1.330 -0.010 2780.3 1.333 25.19 4.14 1,564.2 1.246 0.631 0.875 0.865 5142 WASEONG 0.870 0.005 640.2 0.869 — 1.72 674.2 0.450 0.280 0.450 0.385 7226 WATTA 0.450 0.065 80.1 0.386 — — 38.0 2.150 1.430 1.530 1.500 7111 WEIDA 1.530 UNCH 187.1 1.502 8.00 1.96 204.0 2.781 1.793 2.000 1.990 7231 WELLCAL 1.990 UNCH 62.2 1.998 18.26 4.62 660.0 0.740 0.490 0.720 0.710 7050 WONG 0.715 0.010 862.1 0.714 — — 65.6 0.600 0.405 0.525 0.525 7025 WOODLAN 0.525 0.015 0.1 0.525 16.67 — 21.0 2.345 1.990 — — 5009 WTHORSE 2.020 — — — 20.78 4.95 484.8 1.506 0.899 1.070 1.060 4243 WTK 1.070 0.010 572.6 1.061 9.12 2.33 515.0 1.391 0.830 1.030 1.010 7245 WZSATU 1.030 0.010 585.6 1.020 16.45 1.62 350.6 1.080 0.790 — — 5048 YILAI 0.830 — — — 15.49 2.41 132.8 0.395 0.160 0.385 0.365 7020 YKGI 0.370 0.005 6489 0.375 — — 128.9 0.800 0.450 0.465 0.465 7014 YLI 0.465 0.015 20 0.465 — — 47.9CONSTRUCTION 0.560 0.290 — — 7007 ARK 0.320 — — — — — 15.6 0.150 0.100 0.130 0.125 7070 ASUPREM 0.130 UNCH 1222 0.125 433.33 — 37.9 0.752 0.539 0.650 0.635 7078 AZRB 0.635 -0.010 336.3 0.638 15.12 3.15 307.0 0.738 0.572 — — 6173 BDB 0.635 — — — 7.35 6.30 192.9 0.650 0.395 0.410 0.405 5190 BENALEC 0.410 UNCH 647.2 0.406 18.64 0.73 332.8 0.490 0.360 0.395 0.385 5932 BPURI 0.395 0.010 230.8 0.390 32.64 5.06 95.9 1.005 0.825 0.850 0.850 8761 BREM 0.850 0.015 0.2 0.850 24.64 3.53 293.7 1.054 0.805 0.910 0.890 8591 CRESBLD 0.910 0.010 28.5 0.896 21.11 4.40 161.0 1.818 1.500 — — 7528 DKLS 1.500 — — — 6.15 2.00 139.0 1.610 0.843 1.560 1.530 5253 ECONBHD 1.540 -0.010 1415.4 1.545 12.49 2.27 823.9 1.860 0.840 1.820 1.810 8877 EKOVEST 1.820 UNCH 500.9 1.813 9.95 1.10 1,556.9 0.625 0.369 0.505 0.505 7047 FAJAR 0.505 UNCH 15.2 0.505 14.15 2.48 183.2 3.040 1.217 2.910 2.860 9261 GADANG 2.890 UNCH 817.8 2.888 6.89 1.73 747.4 4.939 4.120 4.900 4.840 5398 GAMUDA 4.900 UNCH 6965.5 4.874 18.81 2.45 11,862.5 1.200 0.780 0.965 0.955 5226 GBGAQRS 0.960 0.015 2582.9 0.957 — — 375.3 1.140 0.750 0.830 0.825 5169 HOHUP 0.830 -0.005 60.1 0.829 3.78 — 290.4 1.240 1.240 — — 5169PA HOHUP-PA 1.240 — — — — 2.02 8.5 1.290 1.290 — — 5169PB HOHUP-PB 1.290 — — — — 1.16 23.3 2.103 1.601 1.750 1.730 6238 HSL 1.750 0.010 58.7 1.745 14.16 1.37 1,019.7 3.566 3.010 3.400 3.350 3336 IJM 3.360 -0.030 4128.8 3.370 20.99 2.08 12,100.9 0.804 0.602 0.665 0.660 5268 IKHMAS 0.665 0.005 684.7 0.661 14.81 1.50 345.8 0.672 0.480 — — 8834 IREKA 0.515 — — — — — 88.0 1.280 0.805 1.030 1.000 4723 JAKS 1.020 0.020 1125.8 1.020 9.71 — 447.1 0.380 0.195 0.230 0.215 9083 JETSON 0.230 UNCH 31 0.216 — — 43.2 2.487 1.386 2.340 2.270 7161 KERJAYA 2.330 0.030 69.9 2.310 6.42 1.72 1,181.3 2.060 1.123 2.040 2.000 5171 KIMLUN 2.000 -0.030 413.6 2.018 7.11 2.90 620.6 1.540 1.090 — — 9628 LEBTECH 1.540 — — — — — 210.2 0.960 0.660 — — 5129 MELATI 0.795 — — — 4.92 2.20 95.4 0.450 0.245 0.260 0.260 5006 MERGE 0.260 UNCH 20 0.260 — — 17.4 1.470 0.983 1.430 1.400 9571 MITRA 1.400 -0.010 925.3 1.417 9.24 3.57 937.2 0.895 0.330 0.895 0.780 7595 MLGLOBAL 0.780 0.065 1674.9 0.817 6.74 — 69.9 0.350 0.205 0.275 0.270 5924 MTDACPI 0.275 0.005 401 0.270 — — 63.7 1.520 0.975 1.070 1.020 5085 MUDAJYA 1.070 0.040 187 1.038 — — 591.1 2.465 1.927 2.360 2.260 5703 MUHIBAH 2.360 0.060 248.1 2.311 12.02 2.12 1,137.8 0.556 0.322 0.415 0.405 8311 PESONA 0.415 UNCH 617.4 0.409 16.27 2.41 271.7 1.422 1.150 — — 7055 PLB 1.220 — — — 48.41 4.10 111.4 1.783 1.327 1.550 1.550 5070 PRTASCO 1.550 UNCH 56.3 1.550 8.18 5.81 526.8 0.165 0.110 0.125 0.115 7145 PSIPTEK 0.125 0.005 486.1 0.119 13.16 — 39.6 3.780 3.009 3.390 3.370 9598 PTARAS 3.380 -0.010 186.7 3.380 30.73 5.62 552.8 0.912 0.405 0.475 0.455 5205 SENDAI 0.470 0.020 2584.2 0.469 — 1.06 363.8 1.688 1.079 1.640 1.600 5263 SUNCON 1.640 0.050 1038.7 1.622 18.39 2.74 2,120.4 0.475 0.300 0.365 0.360 9717 SYCAL 0.360 UNCH 5368.3 0.360 12.68 — 115.3 0.513 0.303 0.435 0.415 5054 TRC 0.430 0.005 45.1 0.422 9.00 1.51 206.6 2.400 0.870 1.800 1.780 5622 TRIPLC 1.800 0.010 20.1 1.799 4.93 — 121.9 0.728 0.440 0.455 0.445 5042 TSRCAP 0.455 UNCH 5.1 0.455 54.17 — 79.4 1.050 0.805 0.920 0.910 3565 WCEHB 0.910 -0.010 24 0.914 36.84 — 912.5 1.737 1.224 1.650 1.610 9679 WCT 1.650 0.010 630.5 1.631 10.52 1.82 2,075.6 0.865 0.550 0.585 0.585 7028 ZECON 0.585 0.005 24 0.585 2.24 — 69.7 0.300 0.145 0.185 0.175 2283 ZELAN 0.175 -0.005 1365.1 0.178 — — 147.9TRADING SERVICES 0.495 0.175 0.390 0.385 5238 AAX 0.390 UNCH 3847 0.388 66.10 — 1,617.8 0.507 0.230 0.230 0.230 5166 AEGB 0.230 UNCH 32 0.230 — 43.48 94.3 3.000 2.434 3.000 2.810 6599 AEON 3.000 0.170 236.4 2.858 36.28 1.33 4,212.0 0.245 0.165 0.200 0.195 7315 AHB 0.195 -0.005 31 0.195 16.81 — 31.2 3.300 1.179 2.900 2.850 5099 AIRASIA 2.880 UNCH 7523.5 2.876 5.86 1.39 8,015.0 6.871 4.801 6.530 6.430 5014 AIRPORT 6.530 0.080 1995.4 6.475 — 1.30 10,834.5 0.545 0.270 0.275 0.270 5115 ALAM 0.275 UNCH 1459.9 0.272 14.18 — 254.2 0.200 0.075 0.200 0.190 0159 AMEDIA 0.195 0.005 3017.5 0.195 — — 46.7 9.824 8.560 8.650 8.600 6351 AMWAY 8.650 0.090 7.1 8.606 34.60 3.47 1,421.9 2.780 1.607 — — 7083 ANALABS 2.330 — — — 9.88 1.29 139.9 0.345 0.040 0.050 0.045 5194 APFT 0.045 UNCH 865.8 0.045 — — 21.5 1.145 0.641 0.735 0.725 5210 ARMADA 0.725 -0.010 8505.8 0.727 — 1.13 4,253.0 0.150 0.110 0.115 0.115 1481 ASB 0.115 UNCH 55.7 0.115 — 2.17 76.4 3.010 2.351 2.940 2.850 6399 ASTRO 2.920 -0.030 2800.3 2.893 23.53 4.60 15,198.6 5.200 4.056 — — 7048 ATLAN 4.990 — — — 27.61 5.39 1,265.7 0.910 0.309 0.840 0.825 7579 AWC 0.835 0.005 2202.4 0.831 12.32 — 219.1 6.392 5.071 5.380 5.250 6888 AXIATA 5.320 0.010 11306.5 5.316 24.27 3.76 47,487.2 0.425 0.212 0.425 0.400 5021 AYS 0.410 0.015 9684.6 0.411 9.79 2.44 156.0 1.060 0.640 0.660 0.645 7251 BARAKAH 0.660 0.010 375 0.654 73.33 3.03 544.5 0.570 0.335 0.410 0.400 7241 BHS 0.405 UNCH 113.2 0.405 — — 169.8 0.375 0.185 0.200 0.200 6998 BINTAI 0.200 UNCH 5 0.200 — — 42.9 7.067 6.238 — — 5032 BIPORT 6.710 — — — 21.84 3.58 3,086.6 1.740 1.065 1.740 1.660 5275 BISON 1.740 0.040 49.6 1.678 — — 539.5 2.440 1.664 2.300 2.230 5248 BJAUTO 2.300 0.050 1109.3 2.263 14.08 4.41 2,639.2 0.440 0.325 0.350 0.335 3395 BJCORP 0.350 0.015 3545 0.345 — 2.86 1,723.3 2.599 1.230 1.590 1.570 5196 BJFOOD 1.590 0.010 69.9 1.576 29.66 3.46 601.5 0.855 0.610 0.655 0.620 4219 BJLAND 0.655 -0.010 31 0.634 — — 3,275.2 0.445 0.350 0.370 0.350 6025 BJMEDIA 0.370 UNCH 3.1 0.369 — — 87.0 3.400 2.821 3.390 3.290 1562 BJTOTO 3.390 0.040 1178.5 3.369 14.83 4.87 4,580.0 0.215 0.170 0.175 0.170 7036 BORNOIL 0.175 UNCH 2107 0.174 16.06 — 530.0 1.170 0.585 0.835 0.820 9474 BRAHIMS 0.820 -0.030 12 0.828 — — 193.8 2.727 1.788 2.170 2.160 2771 BSTEAD 2.170 0.010 59.4 2.169 24.30 6.56 4,398.6 0.825 0.350 0.350 0.350 5257 CARIMIN 0.350 UNCH 40 0.350 23.65 — 81.9 2.140 1.490 1.500 1.500 5245 CARING 1.500 0.010 10 1.500 45.45 1.33 326.6 3.872 2.542 3.130 3.130 2925 CCB 3.130 UNCH 7 3.130 5.97 1.60 315.3 1.050 0.749 0.970 0.930 7117 CENTURY 0.940 -0.020 9101 0.950 15.77 4.26 360.4 0.508 0.376 0.465 0.450 7209 CHEETAH 0.465 0.025 20 0.464 24.47 1.61 59.3 0.600 0.385 0.560 0.525 7016 CHUAN 0.545 0.020 1468.8 0.548 42.25 1.05 91.9 0.105 0.065 — — 5104 CNI 0.080 — — — — 3.75 57.6 0.910 0.710 0.725 0.725 5136 COMPLET 0.725 -0.015 10 0.725 5.59 4.14 88.8 0.055 0.035 0.040 0.035 5037 COMPUGT 0.035 -0.005 1234.9 0.035 20.59 — 74.7 2.190 1.473 2.030 2.020 5184 CYPARK 2.030 UNCH 50.6 2.029 10.25 2.46 513.5 1.330 0.790 1.300 1.280 5276 DANCO 1.300 UNCH 1062 1.296 12.75 — 193.7 0.120 0.065 0.065 0.065 0091 DAYA 0.065 UNCH 125.5 0.065 — — 120.4 1.950 0.980 0.990 0.980 5141 DAYANG 0.980 -0.010 980.8 0.983 11.60 3.57 859.6 1.328 0.854 1.050 1.050 5132 DELEUM 1.050 UNCH 15 1.050 12.59 4.52 420.0 0.895 0.525 0.880 0.855 7212 DESTINI 0.865 UNCH 6116 0.867 22.88 — 912.6 1.668 1.480 1.550 1.530 7277 DIALOG 1.530 -0.020 8521.8 1.534 26.84 1.44 8,096.9 6.020 3.438 5.300 5.270 5908 DKSH 5.290 UNCH 76.8 5.295 18.02 1.80 834.0 1.673 1.047 1.530 1.490 5216 DSONIC 1.500 -0.010 1878.9 1.509 28.30 2.00 2,025.0 0.380 0.220 0.230 0.220 2097 EASTLND 0.230 0.010 890.5 0.223 — — 56.5 1.356 0.745 0.810 0.800 5259 EATECH 0.800 -0.010 341.5 0.802 8.64 2.81 403.2 0.350 0.210 0.265 0.235 5036 EDARAN 0.265 0.030 5.5 0.238 — — 15.9 0.295 0.195 0.220 0.215 7471 EDEN 0.220 UNCH 160 0.217 — — 68.5 3.980 2.910 3.410 3.390 1368 EDGENTA 3.390 -0.060 13.2 3.403 25.60 4.42 2,819.2 0.366 0.202 — — 0064 EFFICEN 0.235 — — — 3.87 — 166.6

0.953 0.790 — — 5081 EIG 0.900 — — — 10.99 3.89 210.6 1.544 1.058 1.320 1.260 5208 EITA 1.280 -0.030 157 1.289 7.30 3.13 166.4 1.380 1.060 1.320 1.290 5056 ENGTEX 1.310 -0.020 376.1 1.305 8.28 0.57 402.2 0.802 0.550 0.565 0.555 6939 FIAMMA 0.560 UNCH 440.8 0.560 5.50 4.46 296.7 0.552 0.400 0.425 0.415 9318 FITTERS 0.420 UNCH 588.4 0.418 43.75 1.43 201.8 1.484 1.140 — — 7210 FREIGHT 1.200 — — — 10.48 4.17 214.6 0.270 0.125 0.155 0.150 0128 FRONTKN 0.155 UNCH 1848.5 0.150 96.88 — 163.3 0.260 0.110 0.210 0.210 9377 FSBM 0.210 UNCH 3 0.210 — — 26.8 2.800 2.083 2.530 2.500 5209 GASMSIA 2.520 0.010 2404.4 2.520 28.31 3.48 3,235.7 1.800 1.074 1.570 1.550 0078 GDEX 1.570 UNCH 124.1 1.561 59.70 0.64 2,171.7 4.600 3.806 4.440 4.370 4715 GENM 4.370 -0.080 6346.9 4.381 18.98 1.67 25,949.3 9.850 6.875 7.820 7.730 3182 GENTING 7.760 -0.010 5899.4 7.768 25.63 0.45 29,100.2 2.950 1.319 2.870 2.790 3204 GKENT 2.800 -0.040 2720.6 2.828 15.27 1.79 841.1 0.480 0.380 0.395 0.385 7676 GUNUNG 0.395 UNCH 21 0.385 — 1.52 93.3 3.400 2.027 3.400 3.370 7668 HAIO 3.400 0.010 137.7 3.381 18.19 4.41 687.4 0.070 0.060 — — 7110 HAISAN 0.065 — — — — — 5.2 0.410 0.240 — — 7253 HANDAL 0.260 — — — 8.70 — 41.6 7.850 5.115 7.700 7.540 3034 HAPSENG 7.600 -0.100 1888.2 7.601 17.65 3.29 18,921.6 1.412 0.880 0.995 0.985 2062 HARBOUR 0.985 -0.005 134.6 0.989 6.68 2.54 394.4 3.235 2.665 3.150 3.150 5008 HARISON 3.150 UNCH 4.2 3.150 15.67 4.76 215.7 0.015 0.005 0.010 0.005 7013 HUBLINE 0.005 UNCH 1155.6 0.006 — — 63.3 0.455 0.295 0.305 0.295 5255 ICON 0.300 UNCH 1064.5 0.300 — — 353.2 6.759 5.763 6.620 6.600 5225 IHH 6.600 -0.010 7970.4 6.607 53.44 0.45 54,328.8 0.890 0.725 0.770 0.770 5614 ILB 0.770 -0.005 11.3 0.770 — 3.25 137.1 1.250 0.890 — — 5673 IPMUDA 0.890 — — — — 3.37 64.5 1.969 1.450 1.520 1.450 0058 JCBNEXT 1.450 -0.070 81 1.493 8.44 2.41 203.0 0.285 0.210 — — 8923 JIANKUN 0.250 — — — — — 37.9 0.435 0.315 — — 8672 KAMDAR 0.325 — — — — — 64.3 0.395 0.180 0.280 0.250 5079 KBES 0.270 0.020 15.2 0.250 — — 34.0 1.897 1.630 1.840 1.810 6491 KFIMA 1.830 -0.010 49.6 1.825 8.82 4.92 514.9 0.353 0.226 0.295 0.285 0151 KGB 0.295 0.010 14.8 0.288 — 1.69 65.6 1.644 1.231 1.280 1.280 5035 KNUSFOR 1.280 UNCH 4.3 1.280 — 1.56 127.5 4.370 4.052 4.210 4.190 5878 KPJ 4.200 -0.040 1003.3 4.201 34.04 1.62 4,458.3 1.394 0.923 1.160 1.140 5843 KPS 1.160 0.010 161.7 1.150 4.13 3.45 578.8 0.650 0.375 0.535 0.530 9121 KPSCB 0.535 0.005 270.6 0.532 4.60 — 79.1 0.275 0.135 0.145 0.140 4847 KTB 0.145 0.005 225 0.144 — — 58.4 0.460 0.232 0.420 0.405 6874 KUB 0.410 UNCH 1939.9 0.410 21.81 1.22 228.2 0.350 0.230 0.290 0.290 7170 LFECORP 0.290 UNCH 100 0.290 27.10 — 52.7 0.735 0.470 0.495 0.490 8486 LIONFIB 0.495 0.015 18 0.491 — — 114.6 1.849 1.172 1.690 1.670 5143 LUXCHEM 1.690 UNCH 102.5 1.676 9.26 4.14 465.2 2.587 2.162 2.330 2.240 3859 MAGNUM 2.240 -0.100 2311.2 2.255 19.05 5.80 3,220.6 1.756 1.446 1.690 1.640 5264 MALAKOF 1.690 0.030 2845.4 1.663 3.45 3.25 8,450.0 0.165 0.131 0.150 0.150 3514 MARCO 0.150 UNCH 30 0.150 9.15 4.67 158.1 6.720 5.270 6.130 5.960 6012 MAXIS 6.020 -0.130 6920.8 6.025 23.86 3.32 45,211.9 1.000 0.510 0.755 0.725 5077 MAYBULK 0.740 -0.005 1707.9 0.736 — 1.35 740.0 2.886 1.891 2.530 2.520 5983 MBMR 2.520 -0.010 79 2.524 17.32 2.38 984.6 1.450 0.740 1.110 1.110 7189 MBWORLD 1.110 -0.010 36.6 1.110 40.07 — 102.0 1.498 1.068 1.310 1.280 4502 MEDIA 1.280 -0.030 585.9 1.291 11.73 5.47 1,419.8 0.775 0.486 — — 5090 MEDIAC 0.715 — — — 3.14 6.31 1,206.4 0.900 0.570 — — 7234 MESB 0.640 — — — 9.77 — 26.9 2.243 1.634 2.000 1.990 3069 MFCB 2.000 -0.010 125.3 2.000 5.87 3.50 803.8 1.340 0.875 1.010 1.000 5186 MHB 1.010 0.010 358.3 1.003 — — 1,616.0 9.050 6.789 7.560 7.530 3816 MISC 7.530 -0.020 7329 7.544 10.66 4.32 33,612.4 2.420 1.580 2.250 2.190 2194 MMCCORP 2.250 0.050 418.1 2.234 — 1.69 6,851.4 0.524 0.260 0.290 0.280 0059 MMODE 0.290 0.010 76.7 0.283 12.55 2.07 47.2 0.090 0.060 0.080 0.075 0043 MTRONIC 0.080 0.005 382.1 0.075 9.09 — 60.7 0.205 0.145 0.150 0.145 3891 MUIIND 0.150 UNCH 553.4 0.145 — — 439.9 0.333 0.215 0.220 0.215 3905 MULPHA 0.220 0.005 2425.4 0.218 5.18 — 753.0 2.380 2.100 2.190 2.140 0138 MYEG 2.140 -0.010 7919.5 2.158 35.97 0.56 5,145.0 0.930 0.560 0.890 0.850 9806 NATWIDE 0.880 0.040 116.6 0.876 — — 52.9 0.115 0.065 0.080 0.080 4464 NICORP 0.080 UNCH 397 0.080 44.44 — 69.1 0.937 0.660 — — 5533 OCB 0.680 — — — 11.68 1.47 69.9 0.860 0.630 0.800 0.795 0172 OCK 0.795 -0.005 228.3 0.798 14.53 0.75 692.8 2.070 1.245 1.970 1.950 5201 OLDTOWN 1.950 -0.020 603.8 1.968 15.39 3.08 903.3 0.145 0.080 0.085 0.080 3018 OLYMPIA 0.085 UNCH 105 0.080 — — 87.0 2.750 1.890 2.180 2.160 5260 OWG 2.170 UNCH 182.4 2.169 39.17 — 507.8 0.464 0.392 0.425 0.420 8419 PANSAR 0.420 -0.005 68.6 0.423 12.39 4.76 117.6 0.661 0.535 0.545 0.535 5125 PANTECH 0.540 -0.010 920.2 0.539 9.00 3.87 332.9 1.181 0.715 0.815 0.800 5657 PARKSON 0.800 -0.010 3394.5 0.806 — — 875.1 1.384 0.976 1.200 1.170 5041 PBA 1.170 0.020 2588 1.180 8.79 3.21 387.6 0.135 0.055 0.070 0.070 6254 PDZ 0.070 UNCH 629.6 0.070 — — 60.9 1.381 0.910 0.990 0.980 5133 PENERGY 0.980 -0.020 27 0.989 22.22 2.04 315.3 1.570 1.530 — — 7108 PERDANA 1.540 — — — — 1.30 1,198.8 0.390 0.130 0.140 0.130 0047 PERISAI 0.130 -0.005 3060.4 0.135 — — 162.3 0.220 0.135 0.145 0.145 7080 PERMAJU 0.145 UNCH 40 0.145 — — 28.4 1.762 1.440 1.600 1.580 5219 PESTECH 1.600 0.010 374.2 1.588 16.33 1.09 1,194.2 25.801 20.966 23.380 23.240 5681 PETDAG 23.340 -0.020 917.5 23.338 32.57 2.57 23,187.2 0.250 0.030 — — 7027 PETONE 0.055 — — — 3.67 — 2.8 6.617 5.412 5.610 5.600 7081 PHARMA 5.610 -0.010 107.6 5.600 20.93 4.46 1,455.1 0.250 0.135 0.140 0.135 7201 PICORP 0.140 UNCH 122.8 0.137 — 4.36 92.1 0.390 0.205 — — 7163 PJBUMI 0.225 — — — — — 11.3 3.811 1.968 3.450 3.200 4634 POS 3.400 0.200 2464.1 3.345 25.30 3.44 2,661.4 3.259 1.690 2.180 2.160 5204 PRESBHD 2.170 -0.010 679.8 2.172 70.45 1.61 1,050.3 2.980 2.150 2.190 2.150 8346 PRKCORP 2.190 -0.010 106.1 2.162 — — 219.0 1.127 0.774 0.950 0.940 5272 RANHILL 0.950 UNCH 98.2 0.948 13.51 1.89 843.9 0.200 0.130 0.170 0.165 0037 RGB 0.170 UNCH 2894.8 0.170 9.71 2.94 224.3 0.450 0.340 — — 8885 RPB 0.345 — — — — — 296.2 0.683 0.528 0.600 0.585 8567 SALCON 0.595 0.010 197.3 0.591 — 3.36 403.2 1.090 0.616 1.090 1.020 5147 SAMCHEM 1.070 0.050 762.5 1.063 25.60 2.80 145.5 0.650 0.400 — — 7185 SAMUDRA 0.400 — — — — — 74.3 0.145 0.100 0.115 0.110 9113 SANBUMI 0.115 0.005 325.1 0.111 — — 26.0 2.395 1.698 2.100 2.080 0099 SCICOM 2.100 UNCH 37.6 2.093 17.78 4.29 746.5 0.220 0.130 0.135 0.130 7158 SCOMI 0.130 UNCH 341.2 0.132 86.67 — 249.3 0.310 0.175 0.175 0.175 7045 SCOMIES 0.175 -0.005 284.9 0.175 — — 409.8 1.310 0.968 1.000 1.000 7053 SEEHUP 1.000 -0.020 1.6 1.000 4.66 4.50 52.3 1.376 1.120 1.170 1.150 9792 SEG 1.150 -0.010 768 1.159 58.67 11.30 860.3 1.700 1.293 1.510 1.500 5250 SEM 1.500 -0.010 2385.6 1.500 29.18 1.53 1,850.1 8.808 6.947 7.760 7.560 4197 SIME 7.670 0.010 7843.2 7.635 19.82 3.26 48,528.6 0.930 0.700 — — 9431 SJC 0.800 — — — 24.32 1.25 32.4 2.290 1.290 1.540 1.510 5218 SKPETRO 1.540 -0.010 9467.1 1.530 — 0.88 9,227.9 1.530 1.270 1.390 1.320 5242 SOLID 1.330 -0.040 30.1 1.325 38.00 1.20 220.9 2.700 2.206 2.550 2.520 6084 STAR 2.530 -0.010 261.1 2.532 14.13 7.11 1,868.6 3.000 2.280 — — 9865 SUIWAH 2.300 — — — 16.97 2.61 140.3 0.175 0.085 0.090 0.090 1201 SUMATEC 0.090 UNCH 4556.6 0.090 15.25 — 348.0 2.608 1.820 1.990 1.970 6521 SURIA 1.990 0.010 12.9 1.978 10.22 3.52 573.5 0.420 0.295 0.300 0.300 5173 SYSCORP 0.300 UNCH 75 0.300 46.88 — 360.0 1.616 1.159 1.470 1.450 8524 TALIWRK 1.470 0.020 207.8 1.461 20.82 5.44 1,777.9 2.063 1.400 1.500 1.500 5140 TASCO 1.500 UNCH 160 1.500 9.83 3.00 300.0 14.900 11.614 14.500 14.340 5347 TENAGA 14.360 -0.040 13228.6 14.375 12.61 2.02 81,042.3 1.850 1.323 1.590 1.560 8702 TEXCHEM 1.590 -0.010 6.8 1.576 — 9.43 197.3 0.440 0.275 0.300 0.300 7228 TGOFFS 0.300 -0.005 12.4 0.300 — — 114.5 0.260 0.060 0.180 0.175 7206 THHEAVY 0.175 UNCH 1439.3 0.176 — — 196.2 6.859 6.096 6.800 6.700 4863 TM 6.780 UNCH 9392.1 6.777 31.07 3.16 25,478.8 0.985 0.545 0.955 0.955 0101 TMCLIFE 0.955 -0.005 203 0.955 94.55 0.15 1,654.9 1.690 0.963 1.640 1.590 8397 TNLOGIS 1.590 -0.030 227.8 1.616 7.40 3.14 669.1 0.550 0.330 0.380 0.380 7218 TOCEAN 0.380 UNCH 4.3 0.380 48.72 — 15.6 3.250 2.520 3.200 3.200 5711 TSTORE 3.200 UNCH 3 3.200 34.45 1.17 219.2 1.091 0.800 — — 5167 TURBO 0.800 — — — 16.60 6.25 86.4 2.989 2.314 — — 7137 UMS 2.630 — — — 11.93 2.28 107.0 1.440 0.875 0.895 0.880 5243 UMWOG 0.895 0.010 1421.8 0.886 — — 1,935.0 1.265 1.006 1.200 1.150 7091 UNIMECH 1.150 0.040 22 1.154 13.96 3.04 147.8 0.700 0.455 — — 5754 UTUSAN 0.460 — — — — — 50.9 2.360 1.610 1.700 1.670 7250 UZMA 1.680 0.010 97.8 1.679 55.08 — 488.8 0.815 0.400 — — 7240 VOIR 0.650 — — — 95.59 — 85.8 2.909 2.030 2.100 2.100 5016 WARISAN 2.100 0.070 0.1 2.100 86.42 3.10 141.1 0.545 0.410 — — 7692 WIDETEC 0.430 — — — 19.20 — 19.2 4.590 3.501 4.420 4.340 5246 WPRTS 4.380 -0.030 6031.4 4.389 25.16 2.99 14,935.8 1.300 0.916 1.170 1.150 5267 XINHWA 1.160 0.010 182.2 1.153 14.25 1.29 208.8 0.065 0.025 0.035 0.035 7122 YFG 0.035 -0.005 15 0.035 — — 21.3 3.300 2.494 3.300 3.250 7293 YINSON 3.280 -0.010 1545.7 3.268 14.55 0.61 3,584.4 1.170 0.530 1.100 1.070 7066 YONGTAI 1.100 0.020 790 1.091 17.71 — 176.4 1.760 1.450 1.750 1.730 4677 YTL 1.740 0.010 12621.8 1.740 19.55 5.46 18,850.8FINANCE 15.180 10.535 14.760 14.200 5139 AEONCR 14.200 -0.480 14.7 14.477 70.65 4.19 2,044.8 2.414 2.074 2.140 2.090 5185 AFFIN 2.090 -0.030 856.7 2.097 8.97 3.82 4,060.8 4.296 3.018 3.880 3.730 2488 AFG 3.860 UNCH 1998.6 3.830 11.06 3.76 5,975.7 10.903 9.702 10.300 10.160 1163 ALLIANZ 10.260 UNCH 9.7 10.201 5.52 0.63 1,771.4 10.614 9.572 — — 1163PA ALLIANZ-PA 10.200 — — — — 0.76 904.8 4.873 4.077 4.230 4.160 1015 AMBANK 4.160 -0.040 3586.7 4.174 9.72 3.73 12,539.0 1.873 1.446 1.540 1.540 5088 APEX 1.540 UNCH 27 1.540 19.20 3.25 328.9 4.180 3.170 4.010 3.940 5258 BIMB 3.950 0.050 5688.2 3.953 11.01 3.09 6,275.3 9.430 7.517 8.960 8.780 1818 BURSA 8.910 -0.080 145.6 8.909 23.72 3.93 4,778.2 4.964 3.789 4.740 4.640 1023 CIMB 4.640 -0.060 15900.7 4.665 11.96 4.09 40,501.9 0.500 0.310 — — 2143 ECM 0.400 — — — 61.54 — 114.6 1.256 1.153 1.180 1.180 5228 ELKDESA 1.180 UNCH 17 1.180 9.74 5.72 282.8 13.760 12.164 12.920 12.820 5819 HLBANK 12.820 -0.040 1445.1 12.860 12.45 3.13 27,790.1 10.100 7.327 — — 5274 HLCAP 10.100 — — — 39.45 0.84 2,493.7 16.300 12.497 15.980 15.380 1082 HLFG 15.980 0.420 569.9 15.811 13.02 2.38 18,337.3 2.660 1.873 — — 6688 HWANG 2.640 — — — 18.42 3.79 673.6 0.868 0.635 0.690 0.680 3379 INSAS 0.685 UNCH 298.1 0.683 5.88 1.46 474.9 0.955 0.842 0.940 0.940 3379PA INSAS-PA 0.940 -0.015 16 0.940 — 8.51 124.6 0.165 0.105 0.135 0.135 3441 JOHAN 0.135 -0.005 252.8 0.135 — — 84.1 0.690 0.460 0.480 0.475 6483 KENANGA 0.480 0.005 129.9 0.478 21.15 — 351.2 16.620 13.623 16.620 16.620 8621 LPI 16.620 0.480 167.4 16.620 12.10 4.51 5,517.6 1.000 0.475 0.975 0.970 1198 MAA 0.975 -0.005 141 0.975 32.72 6.15 285.4 2.980 2.690 — — 1058 MANULFE 2.830 — — — 19.83 3.18 572.7 8.886 7.750 7.920 7.830 1155 MAYBANK 7.840 -0.050 10303.1 7.853 12.36 6.38 78,469.2 1.355 0.685 0.860 0.850 1171 MBSB 0.860 0.005 2952.3 0.856 17.10 3.37 4,986.9 3.570 2.400 3.000 2.980 6459 MNRB 2.980 -0.020 97.2 2.984 — — 634.9 1.650 1.310 1.380 1.360 5237 MPHBCAP 1.360 -0.020 98.4 1.378 18.89 — 972.4 1.422 1.270 1.290 1.280 6009 P&O 1.290 UNCH 4.3 1.285 14.02 8.06 317.3 19.960 16.775 19.620 19.400 1295 PBBANK 19.500 0.040 9759.8 19.503 14.55 2.97 75,701.7 1.230 0.667 1.180 1.130 9296 RCECAP 1.160 -0.010 2580.9 1.149 7.85 3.02 402.4 6.217 4.514 4.800 4.750 1066 RHBBANK 4.750 -0.050 1904.4 4.758 8.18 1.05 19,047.7 0.675 0.485 0.495 0.485 4898 TA 0.485 -0.010 7442.1 0.486 — 1.13 830.3

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


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4.440 3.654 4.200 4.150 6139 TAKAFUL 4.180 0.020 167.3 4.167 20.95 3.43 3,431.5 1.720 1.063 1.590 1.550 5230 TUNEPRO 1.590 0.030 1731.1 1.569 14.00 3.14 1,195.3PROPERTIES 0.925 0.738 0.825 0.820 1007 AMPROP 0.820 UNCH 58.6 0.823 17.98 3.66 496.2 1.200 0.760 1.100 1.070 5959 A&M 1.070 -0.030 12 1.079 17.09 1.40 390.6 0.495 0.383 0.435 0.430 1007PA AMPROP-PA 0.430 -0.005 5.1 0.433 — 4.65 125.3 0.235 0.160 0.170 0.160 4057 ASIAPAC 0.170 0.005 632 0.165 2.05 1.76 168.7 0.630 0.415 — — 6602 BCB 0.450 — — — 6.62 — 185.6 0.660 0.440 0.660 0.610 9814 BERTAM 0.660 0.060 604.7 0.642 — — 136.5 0.909 0.710 0.780 0.740 3239 BJASSET 0.780 0.030 15.8 0.749 — 1.28 868.2 1.250 0.900 — — 5738 CHHB 1.110 — — — — — 306.0 2.058 1.412 1.480 1.470 6718 CRESNDO 1.480 -0.020 13.4 1.472 25.47 3.38 415.1 1.672 1.245 1.320 1.320 5049 CVIEW 1.320 -0.030 3 1.320 7.61 5.30 132.0 2.360 1.988 2.170 2.150 5355 DAIMAN 2.170 -0.010 45.3 2.154 24.14 2.30 460.5 1.080 0.545 0.700 0.700 3484 DBHD 0.700 0.020 10 0.700 — — 216.6 1.838 1.364 1.690 1.660 3417 E&O 1.670 UNCH 1020.3 1.672 121.90 1.20 2,108.1 0.335 0.225 0.270 0.265 3557 ECOFIRS 0.265 -0.010 878.9 0.267 11.57 — 212.8 1.670 1.200 1.300 1.280 8206 ECOWLD 1.280 -0.010 1762.9 1.285 35.75 — 3,026.3 0.900 0.590 0.670 0.650 6076 ENCORP 0.655 -0.035 40 0.658 12.45 — 182.5 2.286 1.681 1.940 1.900 8613 ENRA 1.900 0.050 13.2 1.905 38.38 1.58 258.8 0.920 0.710 0.825 0.780 6815 EUPE 0.800 0.020 57.4 0.792 36.20 — 102.4 0.563 0.443 — — 6041 FARLIM 0.505 — — — 3.21 3.96 70.9 0.898 0.700 0.775 0.770 5020 GLOMAC 0.770 -0.005 32.8 0.771 6.83 5.19 560.4 0.448 0.356 — — 9962 GMUTUAL 0.385 — — — 7.43 2.60 144.6 0.656 0.345 0.360 0.355 1147 GOB 0.360 -0.005 426 0.360 — 1.39 163.7 1.459 1.040 1.240 1.200 1503 GUOCO 1.240 UNCH 41.8 1.224 6.53 1.61 868.6 0.600 0.400 — — 7010 HOOVER 0.415 — — — — — 16.6 1.888 1.655 1.830 1.810 5062 HUAYANG 1.820 UNCH 64.1 1.812 4.62 7.14 480.5 0.620 0.442 0.570 0.555 4251 IBHD 0.555 -0.015 371.4 0.564 10.84 2.34 552.2 1.313 0.910 — — 5084 IBRACO 0.990 — — — 10.25 3.54 491.4 2.658 2.171 2.500 2.450 1597 IGB 2.450 -0.030 651.6 2.458 15.96 4.08 3,343.8 2.650 1.860 2.640 2.600 5249 IOIPG 2.620 UNCH 7162.5 2.622 9.92 3.05 11,589.9 0.500 0.340 0.405 0.405 5175 IVORY 0.405 UNCH 126.3 0.405 22.13 — 198.5 1.140 0.755 0.895 0.885 1589 IWCITY 0.885 -0.010 1263.6 0.889 276.56 — 652.0 0.245 0.180 0.210 0.205 6769 JKGLAND 0.210 UNCH 135.6 0.209 7.47 1.43 159.2 0.070 0.045 0.055 0.055 3115 KBUNAI 0.055 UNCH 116 0.055 — — 317.7 1.056 0.880 0.940 0.900 7323 KEN 0.900 UNCH 14 0.914 6.87 3.33 172.5 1.720 1.080 1.130 1.120 5038 KSL 1.120 -0.020 125.1 1.126 5.29 6.25 1,162.0 0.460 0.330 0.435 0.430 3174 L&G 0.430 -0.005 1756.3 0.431 5.56 4.65 476.4 1.471 1.240 1.250 1.240 8494 LBICAP 1.250 -0.010 8.5 1.248 3.84 5.60 96.9 1.810 1.244 1.810 1.760 5789 LBS 1.800 0.080 4756.7 1.784 12.35 1.94 1,131.3 0.290 0.220 0.255 0.245 3573 LIENHOE 0.255 0.005 61.4 0.251 — — 92.2 1.116 0.834 1.000 0.990 7617 MAGNA 1.000 0.020 490.8 1.000 0.89 8.00 332.9 1.630 1.187 1.610 1.590 8583 MAHSING 1.590 -0.030 2103.7 1.596 11.13 4.09 3,831.0 0.799 0.570 0.645 0.635 6181 MALTON 0.645 0.005 397.6 0.642 7.76 4.65 289.2 2.580 2.098 2.540 2.510 5236 MATRIX 2.510 -0.030 109 2.518 9.59 5.94 1,432.3 1.380 1.080 1.140 1.100 5182 MCT 1.140 -0.010 6.8 1.121 19.59 1.75 1,521.6 0.615 0.490 0.500 0.490 5040 MEDAINC 0.500 0.010 291 0.496 — — 246.3 1.070 0.590 0.905 0.880 1694 MENANG 0.900 UNCH 437.7 0.890 7.46 — 240.4 0.356 0.255 0.295 0.295 8141 MJPERAK 0.295 UNCH 43 0.295 5.60 7.25 75.8 2.980 1.997 2.760 2.730 6114 MKH 2.740 -0.010 397.9 2.741 6.40 2.55 1,149.3 0.457 0.300 0.315 0.310 8893 MKLAND 0.315 UNCH 145.5 0.311 23.16 9.52 380.3 0.255 0.140 0.170 0.160 6548 MPCORP 0.170 UNCH 281.7 0.160 — — 48.9 1.482 1.020 1.300 1.260 1651 MRCB 1.300 0.020 3048 1.295 27.66 1.92 2,704.3 1.300 0.630 — — 9539 MUH 0.640 — — — 6.90 — 36.1 0.390 0.255 — — 3913 MUIPROP 0.265 — — — 18.15 — 202.5 2.740 1.710 1.720 1.710 5073 NAIM 1.710 -0.010 32.3 1.711 — 2.05 427.5 3.216 2.446 3.070 3.070 5827 OIB 3.070 0.090 0.3 3.070 11.08 2.61 444.8 1.688 1.473 1.590 1.560 5053 OSK 1.590 0.020 399.1 1.572 3.48 3.14 2,230.6 1.683 1.263 1.360 1.360 1724 PARAMON 1.360 0.010 125.1 1.360 8.98 6.07 575.2 0.585 0.280 0.545 0.535 6912 PASDEC 0.545 -0.005 138 0.538 — — 112.3 1.510 1.233 1.510 1.500 1945 PJDEV 1.500 UNCH 183.1 1.500 15.58 4.67 793.3 2.200 1.630 1.720 1.720 5075 PLENITU 1.720 UNCH 18.5 1.720 12.93 2.62 656.2 0.285 0.220 — — 2208 PTGTIN 0.250 — — — 4.76 — 86.5 1.514 0.744 1.080 1.040 4596 SAPRES 1.060 -0.020 195.9 1.053 963.64 2.83 148.0 0.910 0.680 0.700 0.690 5207 SBCCORP 0.695 -0.005 53.1 0.696 46.64 0.66 163.2 1.051 0.847 — — 2224 SDRED 0.875 — — — 14.23 2.86 372.9 0.635 0.400 0.410 0.410 4286 SEAL 0.410 UNCH 14 0.410 24.40 — 90.8 3.088 2.625 2.990 2.990 6017 SHL 2.990 -0.010 1.2 2.990 9.07 6.69 723.9 0.185 0.130 0.140 0.140 4375 SMI 0.140 0.005 100.9 0.140 — — 29.4 0.976 0.726 — — 5213 SNTORIA 0.840 — — — 13.23 2.38 410.9 5.482 4.600 4.620 4.600 1783 SPB 4.600 -0.020 58.2 4.602 3.19 2.61 1,580.6 3.490 2.626 3.300 3.200 8664 SPSETIA 3.230 -0.030 28161.8 3.237 12.69 6.71 9,101.1 0.945 0.810 0.870 0.845 3743 SUNSURIA 0.870 0.020 110 0.862 21.07 — 695.0 3.240 2.836 3.150 3.100 5211 SUNWAY 3.150 0.020 1045.3 3.135 9.46 3.49 6,486.1 0.822 0.651 0.695 0.690 1538 SYMLIFE 0.690 UNCH 151.5 0.690 12.41 2.90 213.9 0.295 0.225 0.235 0.230 5158 TAGB 0.235 UNCH 36 0.234 — 1.40 1,250.6 6.985 5.903 6.180 6.180 2305 TAHPS 6.180 -0.010 0.5 6.180 22.79 1.62 462.6 0.070 0.045 0.050 0.045 2259 TALAMT 0.045 UNCH 902.9 0.046 — — 189.9 1.580 1.144 1.510 1.460 5191 TAMBUN 1.460 -0.050 1419.9 1.470 6.52 6.16 622.8 0.180 0.065 0.065 0.065 2429 TANCO 0.065 UNCH 10 0.065 — — 21.8 0.580 0.195 0.210 0.210 7889 THRIVEN 0.210 -0.010 3 0.210 13.46 — 79.1 0.090 0.045 0.050 0.045 7079 TIGER 0.050 UNCH 65 0.045 — — 69.5 1.800 1.350 1.540 1.510 5239 TITIJYA 1.510 UNCH 69.5 1.518 7.83 2.98 553.7 1.149 0.830 1.030 1.020 5401 TROP 1.030 UNCH 134.8 1.021 7.39 6.80 1,490.9 1.344 0.907 1.100 1.070 5148 UEMS 1.080 UNCH 3788 1.084 29.59 1.48 4,900.4 2.740 1.728 2.600 2.530 5200 UOADEV 2.530 -0.080 1579 2.564 7.83 5.93 4,130.1 1.309 1.030 1.060 1.050 2976 WINGTM 1.050 UNCH 180 1.052 37.10 2.86 511.3 1.440 0.880 — — 7003 Y&G 0.940 — — — 12.13 9.31 187.4 1.840 1.530 1.630 1.610 3158 YNHPROP 1.610 UNCH 120.7 1.620 31.63 — 851.7 0.750 0.575 0.585 0.575 2577 YTLLAND 0.585 0.005 22.2 0.583 28.26 — 493.9MINING 1.330 1.150 — — 2186 KUCHAI 1.200 — — — — 0.71 148.5PLANTATIONS 0.367 0.200 0.210 0.200 7054 AASIA 0.210 UNCH 55 0.200 — — 138.6 18.200 16.414 18.120 18.120 1899 BKAWAN 18.120 0.040 1 18.120 9.87 2.76 7,899.4 9.478 7.981 — — 5069 BLDPLNT 8.500 — — — 148.34 0.24 794.8 1.540 1.200 1.500 1.490 5254 BPLANT 1.500 0.010 362.8 1.493 14.73 8.00 2,400.0 0.813 0.620 0.675 0.675 8982 CEPAT 0.675 0.010 10 0.675 26.37 2.22 215.0 8.330 7.336 7.760 7.720 1929 CHINTEK 7.760 0.030 2 7.740 31.73 2.06 709.0 0.550 0.415 0.425 0.415 3948 DUTALND 0.425 0.005 520.9 0.423 — — 359.6 7.880 6.971 — — 5029 FAREAST 7.850 — — — 16.72 3.18 1,109.9 2.390 1.293 2.250 2.200 5222 FGV 2.250 0.030 7587.1 2.224 — 1.78 8,208.3 11.516 9.534 10.960 10.620 2291 GENP 10.960 0.140 379.4 10.867 — 0.46 8,679.1 0.687 0.500 0.520 0.520 7382 GLBHD 0.520 UNCH 10 0.520 1.87 — 115.9 1.580 0.983 1.380 1.380 2135 GOPENG 1.380 -0.050 6.8 1.380 142.27 2.90 247.5 1.020 0.790 0.850 0.850 7501 HARNLEN 0.850 0.030 4 0.850 — — 157.7 2.459 1.952 2.410 2.400 5138 HSPLANT 2.400 -0.050 396.5 2.400 20.19 3.33 1,920.0 3.746 2.957 3.300 3.300 2216 IJMPLNT 3.300 UNCH 27.5 3.300 109.63 1.52 2,905.9 0.735 0.637 0.705 0.700 2607 INCKEN 0.705 0.005 15 0.703 — 1.66 296.6 0.785 0.550 0.660 0.660 6262 INNO 0.660 0.010 7.1 0.660 16.14 — 315.5 4.985 3.707 4.460 4.400 1961 IOICORP 4.400 -0.080 8203.5 4.419 39.75 1.82 28,432.0 25.000 20.636 23.840 23.620 2445 KLK 23.800 -0.020 1601 23.798 18.06 1.89 25,406.6 3.569 3.000 3.300 3.300 2453 KLUANG 3.300 0.050 0.3 3.300 71.27 0.30 208.5 3.535 2.337 3.280 3.240 5027 KMLOONG 3.280 -0.010 3 3.261 14.29 3.96 1,022.7 0.645 0.365 0.530 0.525 1996 KRETAM 0.525 -0.005 145.6 0.525 — — 1,033.0 1.580 1.160 — — 6572 KWANTAS 1.240 — — — — — 386.5 1.750 1.550 — — 4936 MALPAC 1.550 — — — — — 116.3 0.979 0.770 0.810 0.810 5026 MHC 0.810 UNCH 27 0.810 65.32 1.85 159.2 2.778 1.922 — — 5047 NPC 2.290 — — — 6.84 0.44 274.8 4.466 3.720 — — 2038 NSOP 4.000 — — — 91.32 1.50 280.8 0.350 0.190 0.220 0.220 1902 PINEPAC 0.220 0.005 20 0.220 — — 33.0 1.220 0.800 — — 9695 PLS 0.930 — — — — — 303.8 0.675 0.470 0.495 0.485 5113 RSAWIT 0.495 0.010 56.6 0.491 — — 702.2 4.080 3.442 — — 2542 RVIEW 3.620 — — — 57.19 1.66 234.8 3.300 2.950 — — 2569 SBAGAN 3.100 — — — — 0.65 205.6 0.825 0.450 0.560 0.505 4316 SHCHAN 0.505 -0.045 11 0.555 56.11 — 58.1 4.967 3.490 3.760 3.740 5126 SOP 3.760 -0.030 120.1 3.754 13.31 1.33 1,661.7 2.062 1.702 1.760 1.760 5135 SWKPLNT 1.760 UNCH 1.5 1.760 38.51 4.26 492.8 0.793 0.538 0.660 0.650 2054 TDM 0.655 -0.005 2006.6 0.656 11.37 1.83 986.1 1.480 1.060 1.110 1.090 5112 THPLANT 1.110 0.010 11 1.092 19.34 — 981.1 1.750 1.300 1.710 1.690 5251 TMAKMUR 1.710 UNCH 79.9 1.704 14.78 8.77 680.9 2.177 1.712 1.920 1.850 9059 TSH 1.920 0.070 164.4 1.913 — 1.04 2,583.2 6.124 5.353 5.730 5.720 2593 UMCCA 5.720 UNCH 14.9 5.727 20.06 2.80 1,196.7 27.900 23.977 27.600 27.300 2089 UTDPLT 27.600 -0.200 2.3 27.483 18.69 1.45 5,744.5HOTELS 0.675 0.502 0.550 0.520 5592 GCE 0.550 -0.050 21 0.534 — 3.64 108.4 1.160 0.735 0.780 0.765 1643 LANDMRK 0.780 0.005 68 0.767 — — 375.0 0.345 0.200 0.225 0.200 1287 PMHLDG 0.215 -0.040 553.1 0.210 — — 199.7 6.135 4.800 — — 5517 SHANG 5.320 — — — 18.99 2.63 2,340.8TECHNOLOGY 0.890 0.600 — — 7031 AMTEL 0.650 — — — 65.00 — 32.0 0.345 0.185 0.265 0.255 5195 CENSOF 0.255 UNCH 3367.9 0.259 4.38 — 127.9 0.175 0.090 0.115 0.115 0051 CUSCAPI 0.115 -0.005 167.7 0.115 — — 50.1 0.430 0.250 0.310 0.305 7204 D&O 0.310 0.005 283.2 0.309 28.70 — 306.4 0.255 0.135 0.140 0.135 8338 DATAPRP 0.135 -0.005 90.5 0.140 — — 56.9 0.235 0.150 0.165 0.160 0029 DIGISTA 0.165 UNCH 416 0.165 — — 84.0 0.285 0.190 0.280 0.270 4456 DNEX 0.280 0.005 11840.2 0.276 2.22 3.43 485.2 1.747 1.306 1.500 1.480 5162 ECS 1.500 0.020 10.1 1.493 10.24 4.00 270.0 1.949 0.582 1.510 1.480 0065 EFORCE 1.510 0.020 39.5 1.500 48.87 1.99 312.2 2.023 1.337 1.800 1.790 0090 ELSOFT 1.800 UNCH 4.5 1.792 10.39 4.03 326.0 1.190 0.710 0.825 0.820 0021 GHLSYS 0.820 UNCH 130 0.822 40.00 — 536.9 0.305 0.220 0.245 0.240 0082 GPACKET 0.245 UNCH 612.9 0.245 — — 169.2 0.289 0.200 0.210 0.200 0056 GRANFLO 0.210 0.005 69.1 0.206 14.09 2.38 101.5 6.696 2.750 3.260 3.150 7022 GTRONIC 3.230 0.040 952.6 3.229 19.59 1.86 910.5 0.690 0.510 0.575 0.575 5028 HTPADU 0.575 0.035 0.3 0.575 62.50 3.48 58.2 3.876 2.523 3.320 3.240 0166 INARI 3.310 0.080 6255.9 3.304 21.12 2.25 3,174.8 0.170 0.105 — — 9393 ITRONIC 0.145 — — — — — 14.9 0.828 0.496 0.525 0.515 5161 JCY 0.515 -0.005 2424.8 0.519 12.78 13.11 1,069.2 8.200 3.700 7.750 7.650 9334 KESM 7.750 0.100 26.8 7.705 10.06 0.39 333.4 0.245 0.105 0.120 0.115 0143 KEYASIC 0.115 -0.005 165.6 0.115 — — 96.0 10.480 6.303 7.920 7.910 3867 MPI 7.920 UNCH 118.2 7.920 9.55 2.90 1,662.3 1.400 0.845 — — 5011 MSNIAGA 1.040 — — — — — 62.8 0.480 0.365 0.370 0.365 0083 NOTION 0.365 -0.005 357.1 0.367 — — 98.7 0.595 0.410 — — 9008 OMESTI 0.490 — — — — — 210.5

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

0.335 0.210 0.270 0.265 0041 PANPAGE 0.270 0.005 268.1 0.270 84.38 — 65.2 1.270 0.560 1.220 1.190 7160 PENTA 1.200 0.010 1034.7 1.204 9.93 — 175.9 0.475 0.235 0.330 0.330 9075 THETA 0.330 UNCH 1 0.330 3.84 — 35.4 0.110 0.035 0.080 0.080 0118 TRIVE 0.080 UNCH 86.8 0.080 — — 96.7 2.728 1.776 2.700 2.610 5005 UNISEM 2.700 0.090 516.3 2.662 11.45 3.33 1,981.3 4.000 2.733 3.830 3.820 0097 VITROX 3.820 -0.030 20.6 3.829 16.20 0.52 894.9 0.801 0.615 0.670 0.640 0008 WILLOW 0.660 0.020 190.1 0.653 8.85 3.03 163.7INFRASTRUCTURE PROJECT COMPANIES 5.581 4.201 5.050 4.960 6947 DIGI 4.960 -0.080 14442.4 5.000 24.12 4.13 38,564.0 5.970 4.802 5.880 5.800 6645 LITRAK 5.800 -0.080 69.8 5.840 15.80 3.45 3,045.6 1.950 0.985 1.120 1.090 6807 PUNCAK 1.120 0.030 1589 1.105 — — 503.2 0.575 0.335 0.395 0.380 5078 SILKHLD 0.395 0.015 10.1 0.380 — — 277.1 8.420 6.022 8.420 7.520 5031 TIMECOM 8.420 0.840 261.7 7.745 14.59 1.58 4,869.2 1.610 1.380 1.610 1.590 6742 YTLPOWR 1.600 0.010 8489.8 1.600 11.63 6.25 12,962.7CLOSED-END FUNDS 2.390 2.220 2.390 2.360 5108 ICAP 2.380 0.060 114.2 2.380 15.60 — 333.2EXCHANGE TRADED FUNDS 1.124 1.040 1.120 1.120 0800EA ABFMY1 1.120 -0.004 0.1 1.120 — 5.07 2,033.3 1.770 1.550 1.710 1.710 0822EA CIMBA40 1.710 -0.010 3 1.710 — 3.84 2.3 1.425 1.015 1.305 1.300 0823EA CIMBC50 1.300 -0.020 3 1.302 — — 16.1 1.785 1.610 1.730 1.730 0820EA FBMKLCI-EA 1.730 -0.010 28.9 1.730 — 1.45 2.9 1.010 0.900 0.987 0.987 0826EA METFAPA 0.987 UNCH 0.7 0.987 — — 18.8 1.015 0.850 0.914 0.914 0825EA METFSID 0.914 -0.001 3 0.914 — 2.35 48.4 1.175 1.035 — — 0821EA MYETFDJ 1.100 — — — — 2.15 307.0 1.075 0.974 1.010 1.010 0824EA MYETFID 1.010 -0.040 2 1.010 — 3.12 52.1REITS 1.030 0.915 1.020 1.020 4952 AHP 1.020 UNCH 10 1.020 7.96 6.37 102.0 1.670 1.214 1.650 1.620 5116 ALAQAR 1.620 -0.030 30.7 1.648 16.67 4.77 1,179.7 1.081 0.856 1.040 1.040 5269 ALSREIT 1.040 UNCH 1.8 1.040 20.12 3.08 603.2 0.810 0.672 0.780 0.775 5120 AMFIRST 0.775 UNCH 32 0.780 7.87 6.58 532.0 0.950 0.763 0.930 0.920 5127 ARREIT 0.920 -0.010 124 0.923 8.72 7.03 527.4 1.090 0.984 1.070 1.060 5130 ATRIUM 1.070 UNCH 35 1.069 11.49 5.37 130.3 1.820 1.438 1.700 1.700 5106 AXREIT 1.700 -0.010 240.3 1.700 18.18 4.88 1,878.8 1.610 1.261 1.560 1.500 5180 CMMT 1.520 -0.030 12943.8 1.521 16.74 5.39 3,087.8 1.650 1.379 1.550 1.550 5121 HEKTAR 1.550 UNCH 16.4 1.550 212.33 6.77 621.0 1.710 1.188 1.660 1.620 5227 IGBREIT 1.640 -0.020 1343 1.641 22.16 4.96 5,720.8 7.860 6.638 7.780 7.640 5235SS KLCC 7.650 -0.020 1611.7 7.658 12.18 4.60 13,810.8 1.339 0.965 1.250 1.240 5123 MQREIT 1.240 UNCH 62.5 1.242 11.84 6.89 820.1 1.890 1.376 1.800 1.760 5212 PAVREIT 1.760 -0.040 1685.2 1.771 18.74 4.72 5,319.6 1.780 1.352 1.720 1.690 5176 SUNREIT 1.720 0.030 3916.7 1.701 15.61 5.34 5,065.5 1.220 1.011 1.200 1.190 5111 TWRREIT 1.200 0.010 5.8 1.198 12.15 5.78 336.6 1.870 1.423 1.700 1.690 5110 UOAREIT 1.690 0.010 8.2 1.700 6.50 6.46 714.7 1.160 0.930 1.120 1.110 5109 YTLREIT 1.110 UNCH 889 1.111 — 7.11 1,470.1SPAC 0.705 0.665 0.685 0.680 5234 CLIQ 0.680 UNCH 62.5 0.683 — — 429.0 0.705 0.600 0.685 0.685 5256 REACH 0.685 UNCH 925.5 0.685 — — 875.3 0.475 0.425 0.465 0.460 5241 SONA 0.465 0.005 9989.2 0.462 — — 656.0

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 0.336 0.255 0.265 0.255 0179 BIOHLDG 0.260 Unch 2647.6 0.259 20.80 — 173.3 0.320 0.095 0.280 0.275 0170 KANGER 0.280 Unch 578.9 0.276 15.05 — 223.6 0.386 0.210 0.230 0.210 0148 SUNZEN 0.230 0.020 20.9 0.211 — 2.00 110.2 0.070 0.030 0.040 0.035 0095 XINGHE 0.040 Unch 381.1 0.035 2.15 — 93.9INDUSTRIAL PRODUCTS 0.338 0.172 0.215 0.215 0105 ASIAPLY 0.215 -0.005 60 0.215 9.11 2.79 65.2 0.095 0.045 0.055 0.050 0072 AT 0.055 Unch 705.2 0.055 — — 23.8 0.610 0.295 0.315 0.315 0163 CAREPLS 0.315 Unch 637.8 0.315 43.15 0.95 152.2 0.251 0.080 0.130 0.110 0102 CONNECT 0.125 0.010 23405 0.123 10.50 — 30.7 0.655 0.300 0.500 0.495 0100 ESCERAM 0.500 Unch 144.3 0.498 14.29 1.20 102.8 0.880 0.295 0.300 0.300 0175 HHGROUP 0.300 -0.005 44.5 0.300 — 1.10 92.6 0.125 0.070 0.080 0.080 0160 HHHCORP 0.080 -0.005 55 0.080 — — 26.7 0.220 0.140 0.180 0.170 0162 IJACOBS 0.180 0.015 2044.4 0.177 12.68 — 24.4 0.145 0.085 0.110 0.100 0024 JAG 0.100 -0.005 13421.6 0.105 — — 114.4 0.180 0.120 0.130 0.130 0025 LNGRES 0.130 Unch 60.4 0.130 — — 31.5 0.300 0.100 0.110 0.110 0070 MQTECH 0.110 Unch 2826.5 0.110 — — 15.3 0.500 0.315 0.385 0.375 0049 OCNCASH 0.380 0.005 446.4 0.381 10.80 1.84 84.7 0.195 0.115 0.150 0.145 0038 PTB 0.145 Unch 177 0.146 12.18 — 21.8 0.190 0.080 0.090 0.080 0133 SANICHI 0.090 0.010 48541.2 0.085 6.92 — 77.3 0.055 0.040 0.040 0.040 0109 SCBUILD 0.040 Unch 365 0.040 — — 35.2 0.155 0.100 — — 0001 SCOMNET 0.125 — — — 10.87 3.20 30.4 0.210 0.120 0.160 0.160 0028 SCOPE 0.160 Unch 27.7 0.160 51.61 — 88.9 0.230 0.110 0.135 0.120 0055 SERSOL 0.130 0.010 2073.6 0.128 — — 28.0 0.263 0.166 0.185 0.185 0084 TECFAST 0.185 Unch 32.2 0.185 11.86 2.70 31.7TECHNOLOGY 0.260 0.100 0.195 0.190 0018 ACCSOFT 0.190 0.010 15.5 0.190 — — 121.7 0.615 0.250 0.270 0.255 0181 AEMULUS 0.265 0.010 986.6 0.265 73.61 — 116.3 0.200 0.100 0.200 0.180 0119 APPASIA 0.185 0.005 3659.4 0.191 — — 52.0 0.760 0.155 0.210 0.210 0068 ASDION 0.210 Unch 1.6 0.210 — — 24.4 0.015 0.005 — — 0039 ASIAEP 0.010 — — — — — 8.1 1.310 0.710 1.050 1.000 0098 BAHVEST 1.010 -0.020 173.4 1.022 — — 442.9 0.075 0.040 0.040 0.040 0152 DGB 0.040 Unch 709.3 0.040 — — 19.6 0.090 0.020 0.035 0.035 0131 DGSB 0.035 Unch 427.7 0.035 16.67 — 47.5 0.150 0.060 0.075 0.070 0154 EAH 0.070 Unch 516 0.070 — — 104.4 0.355 0.225 — — 0107 EDUSPEC 0.230 — — — 18.40 — 209.0 0.095 0.045 0.060 0.060 0116 FOCUS 0.060 -0.005 177.3 0.060 — — 46.6 3.150 1.000 1.040 1.000 0104 GENETEC 1.040 0.020 8.1 1.021 43.70 — 36.6 0.055 0.030 — — 0045 GNB 0.040 — — — — — 11.6 0.125 0.080 0.085 0.080 0074 GOCEAN 0.080 Unch 55 0.084 — — 21.1 0.130 0.045 0.050 0.050 0174 IDMENSN 0.050 Unch 100 0.050 — — 24.7 1.051 0.460 0.490 0.480 0023 IFCAMSC 0.480 -0.005 2615.6 0.484 154.84 2.08 292.0 0.150 0.035 0.050 0.045 0094 INIX 0.045 -0.005 170 0.050 — — 18.8 0.275 0.130 0.165 0.160 0010 IRIS 0.160 -0.005 2677.2 0.162 — — 359.5 0.854 0.530 — — 0146 JFTECH 0.700 — — — 84.34 1.43 88.2 1.500 0.375 1.300 1.250 0127 JHM 1.300 0.020 494 1.275 15.24 — 160.9 0.340 0.180 0.195 0.190 0111 K1 0.190 Unch 80.8 0.193 10.27 2.63 89.8 0.080 0.040 — — 0036 KGROUP 0.050 — — — — — 37.0 0.280 0.155 0.260 0.245 0176 KRONO 0.255 0.010 3204.2 0.255 7.41 — 60.4 0.325 0.060 0.065 0.060 0017 M3TECH 0.065 0.005 3512.2 0.064 — — 38.1 0.290 0.050 0.280 0.270 0075 MEXTER 0.280 0.010 1466.3 0.275 — — 55.1 0.970 0.470 — — 0155 MGRC 0.510 — — — 27.72 — 48.0 1.880 0.980 1.350 1.250 0126 MICROLN 1.350 0.060 154.8 1.302 91.84 — 225.9 0.588 0.305 0.510 0.485 0112 MIKROMB 0.505 0.015 1673.6 0.499 14.47 2.18 154.5 0.135 0.060 — — 0085 MLAB 0.090 — — — — — 16.8 0.075 0.055 0.060 0.060 0034 MMAG 0.060 0.005 12678.8 0.060 — — 57.2 0.748 0.443 0.665 0.640 0113 MMSV 0.665 0.020 755.3 0.651 12.89 3.01 108.4 0.295 0.175 0.260 0.260 0103 MNC 0.260 0.005 61.2 0.260 — — 24.6 0.300 0.145 0.160 0.150 0156 MPAY 0.155 0.005 2909.8 0.155 — — 110.1 0.195 0.075 — — 0092 MTOUCHE 0.085 — — — 36.96 — 21.6 1.045 0.635 0.820 0.810 0108 N2N 0.820 0.010 46 0.811 37.44 2.44 390.6 0.060 0.020 0.025 0.025 0020 NETX 0.025 Unch 430 0.025 — — 31.3 0.095 0.040 0.050 0.045 0096 NEXGRAM 0.045 -0.005 1305 0.049 3.54 — 84.7 0.155 0.085 0.100 0.095 0026 NOVAMSC 0.100 0.005 77 0.099 76.92 — 68.3 0.872 0.560 0.575 0.570 0035 OPCOM 0.575 0.005 20 0.573 12.21 3.48 92.7 0.420 0.270 0.360 0.350 0040 OPENSYS 0.360 0.010 1576.5 0.357 18.27 2.78 107.2 0.730 0.170 0.200 0.190 0079 ORION 0.195 -0.005 515.3 0.193 — — 26.0 0.110 0.035 0.070 0.050 0005 PALETTE 0.070 0.015 5636.6 0.064 14.89 — 22.4 0.305 0.150 0.150 0.150 0123 PRIVA 0.150 Unch 145 0.150 41.67 1.33 83.7 0.140 0.060 0.070 0.065 0007 PUC 0.065 Unch 584.1 0.065 46.43 — 70.4 0.728 0.410 0.530 0.530 0106 REXIT 0.530 Unch 250 0.530 13.95 3.77 100.3 0.090 0.010 — — 0135 SCN 0.010 — — — — — 2.0 0.507 0.255 0.270 0.255 0178 SEDANIA 0.270 0.010 254.5 0.258 — 3.70 54.0 0.130 0.055 0.055 0.055 0060 SKH 0.055 Unch 10 0.055 — — 30.5 0.370 0.160 0.170 0.165 0117 SMRT 0.170 Unch 432 0.165 — — 48.5 0.130 0.060 0.065 0.060 0169 SMTRACK 0.065 Unch 218 0.064 — — 22.5 0.298 0.240 0.245 0.240 0093 SOLUTN 0.245 0.005 321.5 0.242 9.65 2.73 74.5 0.180 0.080 0.115 0.095 0129 SRIDGE 0.095 Unch 534.4 0.104 — — 11.5 0.265 0.140 0.160 0.155 0050 SYSTECH 0.160 0.005 98 0.156 32.65 1.25 50.8 0.170 0.105 0.170 0.165 0132 TDEX 0.170 Unch 619.2 0.165 212.50 — 70.2 0.225 0.155 — — 0120 VIS 0.195 — — — — — 21.6 0.291 0.065 0.210 0.200 0069 VIVOCOM 0.205 Unch 8664.4 0.206 10.51 — 663.0 0.135 0.065 0.090 0.085 0066 VSOLAR 0.085 Unch 213 0.085 — — 28.3 0.275 0.025 — — 0141 WINTONI 0.025 — — — — — 12.8 0.195 0.105 0.110 0.110 0086 YGL 0.110 Unch 20 0.110 — — 21.3 0.575 0.505 0.570 0.565 0009 YTLE 0.570 Unch 3778.7 0.570 21.84 7.02 769.5TRADING SERVICES 0.300 0.150 — — 0122 AIM 0.205 — — — — — 54.5 0.130 0.080 0.080 0.080 0048 ANCOMLB 0.080 -0.005 19.5 0.080 — — 37.9 0.070 0.035 0.045 0.040 0150 ASIABIO 0.045 0.005 3242.2 0.045 — — 42.9 0.379 0.213 0.335 0.335 0011 BTECH 0.335 Unch 7.5 0.335 14.44 4.06 84.4 0.270 0.180 — — 0157 FOCUSP 0.210 — — — — — 34.7 0.665 0.550 0.565 0.555 0185 HSSEB 0.565 Unch 1472.5 0.559 14.23 — 180.3 0.760 0.300 — — 0147 INNITY 0.550 — — — 22.09 — 76.1 0.475 0.260 0.300 0.290 0180 KTC 0.295 0.005 588 0.296 52.68 — 150.5 0.250 0.150 — — 0167 MCLEAN 0.150 — — — 6.22 — 26.8 0.600 0.355 0.360 0.355 0081 MEGASUN 0.360 Unch 73 0.357 16.59 — 68.3 0.240 0.140 — — 0153 OVERSEA 0.175 — — — — 1.71 42.9 0.245 0.135 0.165 0.160 0177 PASUKGB 0.160 Unch 342.5 0.160 100.00 — 51.9 0.330 0.250 — — 0006 PINEAPP 0.290 — — — — — 14.1 0.303 0.188 0.235 0.235 0171 PLABS 0.235 Unch 25 0.235 13.20 2.98 48.6 0.020 0.005 — — 0110 RA 0.005 — — — — — 4.8 0.370 0.140 0.180 0.180 0080 RAYA 0.180 Unch 51 0.180 — — 25.8 0.730 0.350 0.355 0.350 0032 REDTONE 0.350 Unch 152 0.350 — 0.57 265.1 0.745 0.480 — — 0173 REV 0.595 — — — 29.75 — 80.1 2.244 1.659 1.880 1.880 0158 SCC 1.880 0.010 5 1.880 11.28 2.66 80.4 0.255 0.165 0.235 0.235 0161 SCH 0.235 Unch 547.3 0.235 71.21 3.62 96.9 0.525 0.360 — — 0137 STEMLFE 0.525 — — — 159.09 — 129.9 0.055 0.030 0.040 0.035 0140 STERPRO 0.035 Unch 35978.6 0.040 — — 34.6 1.490 0.818 — — 0089 TEXCYCL 1.100 — — — 29.49 0.68 187.9 0.195 0.115 — — 0145 TFP 0.130 — — — — — 26.7 0.705 0.120 0.135 0.135 0165 XOX 0.135 -0.005 982.6 0.135 — — 80.3FINANCE 0.530 0.395 0.440 0.440 0053 OSKVI 0.440 0.035 58.9 0.440 244.44 4.55 86.9

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

MONDAY SEPTEMBER 19, 2016 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.130 0.045 0.050 0.045 5238CU AAX-CU 0.050 Unch 4417.2 0.390 0.490 38.46 30/12/2016 0.160 0.065 0.070 0.065 5238CV AAX-CV 0.070 0.005 1266.5 0.390 0.390 17.95 30/12/2016 0.150 0.075 0.085 0.080 5238CW AAX-CW 0.085 Unch 172.1 0.390 0.420 29.49 10/04/2017 0.120 0.120 0.120 0.120 5238CY AAX-CY 0.120 -0.030 20 0.390 0.400 33.33 06/06/2017 0.340 0.040 0.230 0.225 5238WA AAX-WA 0.230 Unch 1221.8 0.390 0.460 76.92 08/06/2020 0.170 0.050 0.130 0.130 0018WA ACCSOFT-WA 0.130 Unch 10 0.190 0.100 21.05 18/01/2019 0.285 0.120 0.210 0.210 6599CF AEON-CF 0.210 0.015 20 3.000 2.650 -1.17 31/01/2017 0.095 0.090 0.095 0.090 5185CU AFFIN-CU 0.090 Unch 850 2.090 2.300 16.51 06/06/2017 0.835 0.185 0.680 0.675 509930 AIRASIAC30 0.675 -0.025 20.1 2.880 2.000 16.32 31/01/2017 0.700 0.125 0.550 0.550 509932 AIRASIAC32 0.550 -0.030 60 2.880 1.500 -0.17 30/09/2016 0.485 0.110 0.315 0.310 509933 AIRASIAC33 0.315 -0.010 524.7 2.880 2.100 0.26 28/10/2016 0.460 0.125 0.335 0.330 509934 AIRASIAC34 0.335 -0.005 188.3 2.880 2.000 4.34 28/02/2017 0.460 0.190 0.345 0.325 509935 AIRASIAC35 0.345 Unch 723.6 2.880 2.000 5.38 17/02/2017 0.275 0.130 0.175 0.165 509936 AIRASIAC36 0.175 Unch 1036 2.880 2.850 17.19 30/12/2016 0.425 0.230 0.280 0.270 509937 AIRASIAC37 0.280 Unch 1072 2.880 2.450 9.38 30/12/2016 0.280 0.130 0.185 0.175 509938 AIRASIAC38 0.185 -0.005 1392.1 2.880 2.650 14.50 28/04/2017 0.255 0.160 0.160 0.160 509940 AIRASIAC40 0.160 Unch 118 2.880 3.300 32.36 28/02/2017 0.190 0.190 0.190 0.190 509941 AIRASIAC41 0.190 0.040 50 2.880 3.300 34.38 06/06/2017 0.260 0.200 0.240 0.230 7609WA AJIYA-WA 0.235 0.010 1925.9 0.800 0.920 44.38 28/08/2021 0.085 0.040 0.045 0.040 1015CW AMBANK-CW 0.045 -0.010 178.6 4.160 4.700 18.39 22/02/2017 0.040 0.010 0.025 0.020 0159WA AMEDIA-WA 0.025 Unch 45.2 0.195 1.100 476.92 02/01/2018 0.105 0.040 0.055 0.050 9342WA ANZO-WA 0.055 Unch 787 0.225 0.250 35.56 19/11/2019 0.120 0.050 0.120 0.110 0119WA APPASIA-WA 0.115 0.005 1095.5 0.185 0.130 32.43 23/12/2024 0.095 0.060 0.095 0.095 52815 APPLE-C15 0.095 0.020 240 460.8 495.1 17.73 26/01/2017 0.135 0.050 0.055 0.050 521015 ARMADA-C15 0.050 -0.010 1021 0.725 0.800 17.24 28/02/2017 0.080 0.030 0.035 0.030 521016 ARMADA-C16 0.030 -0.005 252.9 0.725 0.800 17.38 30/11/2016 0.155 0.095 0.095 0.095 521018 ARMADA-C18 0.095 -0.005 50 0.725 0.680 13.45 31/01/2017 0.155 0.020 0.025 0.020 5210C8 ARMADA-C8 0.025 -0.015 115 0.725 0.880 30.00 28/11/2016 0.035 0.015 0.020 0.020 0150WA ASIABIO-WA 0.020 Unch 1353 0.045 0.100 166.67 19/04/2024 0.130 0.050 0.065 0.060 6399CV ASTRO-CV 0.065 -0.005 760 2.920 3.000 7.19 31/01/2017 0.075 0.020 0.020 0.020 6888C6 AXIATA-C6 0.020 -0.015 9.9 5.320 6.300 20.11 28/11/2016 0.150 0.040 0.050 0.045 6888C8 AXIATA-C8 0.050 Unch 169.3 5.320 5.850 12.78 31/01/2017 0.380 0.190 0.275 0.275 7078WA AZRB-WA 0.275 -0.005 10 0.635 0.700 53.54 13/05/2024 0.210 0.080 0.125 0.125 7241WA BHS-WA 0.125 Unch 300 0.405 0.600 79.01 18/10/2020 0.425 0.225 0.310 0.295 5258WA BIMB-WA 0.310 0.010 172.3 3.950 4.720 27.34 04/12/2023 0.195 0.095 0.100 0.100 6998WA BINTAI-WA 0.100 0.005 50 0.200 0.200 50.00 15/06/2020 0.210 0.135 0.140 0.135 5248CN BJAUTO-CN 0.140 Unch 77 2.300 2.128 4.29 28/02/2017 0.195 0.125 0.125 0.125 5248CO BJAUTO-CO 0.125 -0.015 5.6 2.300 2.272 10.35 31/01/2017 0.105 0.010 0.015 0.015 3395CZ BJCORP-CZ 0.015 Unch 300 0.350 0.370 10.00 31/10/2016 0.160 0.105 0.120 0.110 3395WB BJCORP-WB 0.115 Unch 445 0.350 1.000 218.57 22/04/2022 0.165 0.100 0.100 0.100 3395WC BJCORP-WC 0.100 Unch 558 0.350 1.000 214.29 29/05/2026 0.060 0.005 0.010 0.005 6025WA BJMEDIA-WA 0.005 Unch 232.1 0.370 0.870 136.49 16/12/2016 0.145 0.060 0.115 0.115 7036WB BORNOIL-WB 0.115 Unch 39.7 0.175 0.100 22.86 28/02/2018 0.120 0.065 0.105 0.100 7036WC BORNOIL-WC 0.105 Unch 2424 0.175 0.100 17.14 08/11/2025 0.210 0.085 0.145 0.120 1818C9 BURSA-C9 0.145 0.035 84.4 8.910 8.900 4.77 31/01/2017 1.330 0.420 1.050 1.040 7174WA CAB-WA 1.050 Unch 98.5 1.650 0.550 -3.03 08/02/2020 0.505 0.280 0.350 0.335 7076WA CBIP-WA 0.350 Unch 73.2 2.020 2.400 36.14 06/11/2019 0.150 0.025 0.055 0.045 5195WA CENSOF-WA 0.055 0.010 20.1 0.255 0.460 101.96 18/07/2017 0.170 0.050 0.085 0.075 5195WB CENSOF-WB 0.080 0.005 3525.2 0.255 0.460 111.76 07/10/2019 0.215 0.135 0.175 0.165 102312 CIMB-C12 0.165 -0.005 2318 4.640 4.500 11.21 17/03/2017 0.295 0.180 0.230 0.230 102313 CIMB-C13 0.230 -0.015 22.2 4.640 4.400 9.70 31/01/2017 0.165 0.115 0.135 0.130 2852CR CMSB-CR 0.135 Unch 320 3.850 3.600 11.04 30/12/2016 0.160 0.040 0.055 0.050 0102WA CONNECT-WA 0.055 Unch 128 0.125 0.100 24.00 17/09/2021 0.055 0.035 0.055 0.050 0102WB CONNECT-WB 0.050 Unch 1913.2 0.125 0.100 20.00 07/06/2021 0.080 0.020 0.030 0.030 0051WA CUSCAPI-WA 0.030 Unch 238.5 0.115 0.270 160.87 24/04/2018 0.450 0.315 0.335 0.330 7277WA DIALOG-WA 0.335 Unch 829.9 1.530 1.190 -0.33 10/02/2017 0.225 0.005 0.010 0.005 6947C9 DIGI-C9 0.010 0.005 1393.4 4.960 5.100 3.33 30/09/2016 0.105 0.030 0.040 0.040 0029WA DIGISTA-WA 0.040 Unch 761 0.165 0.130 3.03 07/02/2017 0.095 0.045 0.085 0.080 4456WD DNEX-WD 0.085 Unch 11867.3 0.280 0.500 108.93 30/07/2021 0.110 0.065 0.085 0.085 7114WA DNONCE-WA 0.085 Unch 76.5 0.280 0.250 19.64 25/11/2020 0.255 0.080 0.085 0.080 5265WA DOLPHIN-WA 0.080 -0.010 80.3 0.425 0.800 107.06 29/03/2021 0.420 0.200 0.225 0.210 7169WA DOMINAN-WA 0.225 Unch 42.4 1.180 1.300 29.24 10/09/2020 0.105 0.040 0.045 0.040 7198WB DPS-WB 0.045 0.005 650.1 0.085 0.100 70.59 15/01/2025 0.430 0.020 0.360 0.335 161919 DRBHCOMC19 0.345 0.010 2263.5 1.340 1.000 0.37 30/11/2016 0.145 0.020 0.110 0.095 161920 DRBHCOMC20 0.110 0.005 2436.8 1.340 1.100 2.61 30/11/2016 0.365 0.030 0.285 0.275 161921 DRBHCOMC21 0.275 0.005 356 1.340 0.950 1.68 15/12/2016 0.305 0.065 0.260 0.250 161922 DRBHCOMC22 0.260 0.010 1422.1 1.340 1.000 3.73 17/02/2017 0.155 0.100 0.125 0.115 161923 DRBHCOMC23 0.125 0.005 1896.1 1.340 1.300 22.20 28/02/2017 0.145 0.060 0.090 0.080 5216CN DSONIC-CN 0.090 0.010 179 1.500 1.450 11.67 23/11/2016 0.105 0.045 0.060 0.055 5216CO DSONIC-CO 0.060 0.005 760 1.500 1.550 13.33 28/10/2016 0.175 0.130 0.175 0.170 5216CP DSONIC-CP 0.175 0.005 1563 1.500 1.350 15.67 31/01/2017 0.120 0.090 0.115 0.115 5216CQ DSONIC-CQ 0.115 0.005 20 1.500 1.650 28.40 28/02/2017 0.260 0.110 0.200 0.190 3417WB E&O-WB 0.200 0.005 102.8 1.670 2.600 67.66 21/07/2019 0.090 0.030 0.035 0.035 0154WB EAH-WB 0.035 Unch 30 0.070 0.120 121.43 24/02/2019 0.090 0.030 0.040 0.040 0154WC EAH-WC 0.040 Unch 15 0.070 0.100 100.00 18/06/2019 0.200 0.090 0.110 0.100 3557WC ECOFIRS-WC 0.110 -0.005 56 0.265 0.300 54.72 10/09/2019 0.500 0.350 0.385 0.375 8206WA ECOWLD-WA 0.385 0.010 116.3 1.280 2.080 92.58 26/03/2022 0.240 0.110 0.110 0.110 0107WA EDUSPEC-WA 0.110 Unch 30 0.230 0.180 26.09 24/12/2018 1.480 0.295 1.050 1.050 0065WA EFORCE-WA 1.050 0.010 78.9 1.510 0.680 14.57 17/07/2019 0.815 0.390 0.505 0.500 8907WC EG-WC 0.500 -0.010 125.4 0.840 0.500 19.05 03/11/2020 0.065 0.005 0.010 0.010 7182WA EKA-WA 0.010 0.005 107.9 0.045 0.200 366.67 22/01/2019 0.890 0.220 0.820 0.790 8877WB EKOVEST-WB 0.820 Unch 172.4 1.820 1.350 19.23 25/06/2019 0.625 0.305 0.460 0.440 5056WA ENGTEX-WA 0.445 -0.020 1499.6 1.310 0.830 -2.67 25/10/2017 0.860 0.210 0.215 0.210 7249WA EWEIN-WA 0.215 -0.005 68 0.850 0.610 -2.94 09/06/2017 0.085 0.065 0.070 0.070 3689CB F&N-CB 0.070 0.005 17 24.500 24.800 6.94 30/06/2017 0.230 0.080 0.150 0.145 7047WB FAJAR-WB 0.145 Unch 63.6 0.505 0.700 67.33 24/09/2019 0.285 0.110 0.150 0.150 9776WB FARMBES-WB 0.150 Unch 18 0.690 1.000 66.67 13/07/2018 0.200 0.070 0.085 0.075 65054 FBMKLCI-C54 0.075 -0.010 786 1,652 1,595 -0.33 30/09/2016 0.045 0.010 0.010 0.010 65062 FBMKLCI-C62 0.010 -0.005 550 1,652 1,700 3.27 30/11/2016 0.120 0.060 0.065 0.060 65070 FBMKLCI-C70 0.065 Unch 2401.4 1,652 1,630 1.36 30/12/2016 0.090 0.045 0.045 0.045 65076 FBMKLCI-C76 0.045 -0.005 270 1,652 1,670 2.94 31/01/2017 0.085 0.045 0.050 0.045 65084 FBMKLCI-C84 0.050 Unch 489.3 1,652 1,660 2.54 28/02/2017 0.060 0.045 0.050 0.045 65088 FBMKLCI-C88 0.050 0.005 1852.5 1,652 1,690 4.36 31/03/2017 0.330 0.250 0.255 0.250 65092 FBMKLCI-C92 0.255 -0.010 300 1,652 1,690 6.10 28/02/2017 0.155 0.005 0.015 0.010 65059 FBMKLCI-H59 0.015 0.005 2124.9 1,652 1,650 0.46 30/09/2016 0.215 0.055 0.100 0.090 65061 FBMKLCI-H61 0.095 0.005 700 1,652 1,710 7.48 31/10/2016 0.125 0.030 0.035 0.035 65063 FBMKLCI-H63 0.035 0.005 30 1,652 1,610 -1.12 31/10/2016 0.210 0.060 0.095 0.090 65067 FBMKLCI-H67 0.090 Unch 367 1,652 1,700 6.66 30/11/2016 0.305 0.125 0.165 0.160 65073 FBMKLCI-H73 0.160 0.005 66 1,652 1,660 4.30 30/11/2016 0.140 0.035 0.055 0.055 65075 FBMKLCI-H75 0.055 Unch 670.9 1,652 1,630 0.94 30/12/2016 0.130 0.050 0.100 0.090 65081 FBMKLCI-H81 0.090 0.005 840 1,652 1,670 4.84 31/01/2017 0.335 0.265 0.310 0.305 65087 FBMKLCI-H87 0.305 0.005 28 1,652 1,710 10.83 31/01/2017 0.115 0.060 0.095 0.085 65089 FBMKLCI-H89 0.085 Unch 155 1,652 1,660 4.02 28/02/2017 0.120 0.100 0.120 0.115 65091 FBMKLCI-H91 0.115 Unch 76 1,652 1,640 2.68 28/02/2017 0.130 0.090 0.130 0.125 65093 FBMKLCI-H93 0.125 0.005 830 1,652 1,690 7.53 31/03/2017 0.405 0.345 0.405 0.405 65095 FBMKLCI-H95 0.405 0.060 250 1,652 1,660 6.55 28/02/2017 0.615 0.525 0.615 0.605 65097 FBMKLCI-H97 0.615 0.015 3225 1,652 1,740 14.57 28/02/2017 0.675 0.060 0.190 0.185 8605WB FFHB-WB 0.185 Unch 7.5 0.710 0.500 -3.52 30/03/2017 0.230 0.030 0.175 0.175 522210 FGV-C10 0.175 -0.015 50 2.250 1.550 -1.56 30/09/2016 0.535 0.170 0.465 0.455 522212 FGV-C12 0.455 -0.005 84 2.250 1.350 0.44 14/03/2017 0.415 0.165 0.360 0.350 522214 FGV-C14 0.360 0.005 90 2.250 1.600 3.11 17/03/2017 0.335 0.170 0.270 0.255 522215 FGV-C15 0.270 0.010 7559.8 2.250 1.900 10.84 28/02/2017 0.230 0.125 0.185 0.175 522216 FGV-C16 0.185 Unch 4625.9 2.250 1.950 11.33 09/05/2017 0.145 0.145 0.145 0.145 522218 FGV-C18 0.145 -0.005 10 2.250 2.400 26.00 06/06/2017 0.185 0.090 0.100 0.100 9318WB FITTERS-WB 0.100 0.005 30 0.420 1.000 161.90 12/10/2019 0.255 0.110 0.140 0.140 539826 GAMUDA-C26 0.140 -0.010 70 4.900 4.500 0.41 30/11/2016 1.370 0.805 1.340 1.320 5398WE GAMUDA-WE 1.330 -0.010 1674.8 4.900 4.050 9.80 06/03/2021 0.280 0.085 0.220 0.205 5226WA GBGAQRS-WA 0.210 Unch 1420.6 0.960 1.300 57.29 20/07/2018 0.170 0.095 0.125 0.115 471515 GENM-C15 0.115 -0.015 1194 4.370 4.400 8.58 31/03/2017 3.200 2.000 2.840 2.840 2291WA GENP-WA 2.840 Unch 3 10.960 7.750 -3.38 17/06/2019 0.220 0.045 0.045 0.045 318228 GENTINGC28 0.045 Unch 2594.4 7.760 7.800 7.47 23/11/2016

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


0.220 0.025 0.035 0.030 318229 GENTINGC29 0.035 Unch 231 7.760 9.300 23.68 30/11/2016 0.190 0.070 0.070 0.070 318231 GENTINGC31 0.070 -0.005 590 4.370 8.300 102.75 31/03/2017 0.465 0.190 0.195 0.190 318232 GENTINGC32 0.190 -0.010 1819.8 7.760 8.300 15.53 30/12/2016 2.380 0.795 1.460 1.430 3182WA GENTING-WA 1.450 -0.010 647.7 7.760 7.960 21.26 18/12/2018 0.200 0.065 0.125 0.125 70010 GLD-C10 0.125 -0.020 126.3 520.2 474.4 -0.16 29/09/2016 0.265 0.100 0.105 0.105 1147WA GOB-WA 0.105 Unch 55 0.360 0.800 151.39 24/12/2019 0.050 0.025 0.030 0.030 7096WA GPA-WA 0.030 Unch 10 0.095 0.100 36.84 03/06/2025 0.460 0.170 0.305 0.295 2062WC HARBOUR-WC 0.305 0.010 17 0.985 1.560 89.34 03/04/2021 0.165 0.005 0.005 0.005 5168CR HARTA-CR 0.005 Unch 400 4.400 6.100 39.43 28/10/2016 1.510 0.830 0.985 0.970 5095WB HEVEA-WB 0.980 Unch 264.5 1.250 0.250 -1.60 28/02/2020 0.190 0.015 0.035 0.030 5072WA HIAPTEK-WA 0.030 Unch 671.5 0.305 0.690 136.07 09/01/2017 0.115 0.065 0.105 0.095 5072WB HIAPTEK-WB 0.105 0.010 4354.9 0.305 0.500 98.36 23/06/2021 0.315 0.190 0.200 0.195 7213WB HOVID-WB 0.200 Unch 320 0.375 0.180 1.33 05/06/2018 1.080 0.175 0.670 0.545 65130 HSI-C30 0.615 0.030 443.2 12,402 22,400 85.07 29/09/2016 0.935 0.190 0.635 0.545 65136 HSI-C36 0.605 0.035 17949.3 12,402 23,200 91.45 28/10/2016 1.390 0.310 1.130 1.020 65138 HSI-C38 1.120 0.030 72 12,402 21,800 83.90 28/10/2016 1.130 0.260 0.910 0.820 65148 HSI-C48 0.870 0.025 201.2 12,402 23,000 91.76 29/12/2016 0.955 0.595 0.770 0.710 65160 HSI-C60 0.750 0.025 245.3 12,402 24,200 100.57 27/02/2017 1.210 0.975 1.120 1.110 65162 HSI-C62 1.120 -0.010 116 12,402 22,800 91.96 27/02/2017 1.270 0.005 0.005 0.005 65139 HSI-H39 0.005 Unch 100 12,402 20,600 66.13 29/09/2016 1.250 0.045 0.045 0.045 65143 HSI-H43 0.045 -0.010 25 12,402 20,000 61.58 28/10/2016 1.740 0.080 0.140 0.115 65145 HSI-H45 0.125 -0.010 8076.8 12,402 21,400 73.46 28/10/2016 0.995 0.075 0.085 0.085 65149 HSI-H49 0.085 -0.030 100 12,402 19,400 57.04 29/11/2016 1.420 0.105 0.170 0.145 65151 HSI-H51 0.155 -0.015 103.8 12,402 20,800 68.83 29/11/2016 1.110 0.175 0.240 0.220 65155 HSI-H55 0.235 -0.005 160 12,402 20,400 66.18 29/12/2016 1.600 0.295 0.430 0.395 65157 HSI-H57 0.400 -0.020 744 12,402 21,800 78.67 29/12/2016 0.710 0.265 0.390 0.360 65161 HSI-H61 0.360 -0.020 1238.3 12,402 21,000 71.93 26/01/2017 1.040 0.435 0.610 0.555 65163 HSI-H63 0.575 -0.025 3458.5 12,402 22,400 84.78 26/01/2017 0.520 0.320 0.460 0.410 65165 HSI-H65 0.420 -0.010 35 12,402 20,600 69.14 27/02/2017 0.775 0.485 0.625 0.615 65167 HSI-H67 0.625 -0.035 5.3 12,402 22,000 81.92 27/02/2017 0.010 0.005 0.005 0.005 7013WA HUBLINE-WA 0.005 Unch 1000 0.005 0.160 3,200 04/11/2019 0.260 0.155 0.165 0.165 4251WA IBHD-WA 0.165 Unch 60 0.555 1.410 183.78 08/10/2019 0.300 0.160 0.250 0.250 9687WB IDEALUBB-WB 0.250 0.010 20 0.800 1.000 56.25 30/03/2021 0.140 0.040 0.070 0.070 5225CZ IHH-CZ 0.070 -0.005 50 6.600 6.670 5.30 28/02/2017 0.170 0.035 0.035 0.035 3336CZ IJM-CZ 0.035 Unch 884.7 3.360 3.700 12.20 28/10/2016 0.110 0.035 0.045 0.045 0166CQ INARI-CQ 0.045 0.005 269.9 3.310 3.500 11.18 28/10/2016 0.170 0.140 0.160 0.145 0166CS INARI-CS 0.160 0.015 2179.7 3.310 3.200 16.01 09/05/2017 3.552 2.710 2.950 2.950 0166WA INARI-WA 2.950 Unch 0.4 3.310 0.264 -2.90 04/06/2018 2.320 1.004 1.730 1.670 0166WB INARI-WB 1.730 0.040 256.3 3.310 1.600 0.60 17/02/2020 0.040 0.010 0.015 0.015 0094WA INIX-WA 0.015 Unch 918 0.045 0.050 44.44 16/11/2020 0.270 0.155 0.175 0.170 3379WB INSAS-WB 0.175 0.005 397.6 0.685 1.000 71.53 25/02/2020 0.225 0.035 0.040 0.040 1961C9 IOICORP-C9 0.040 -0.005 348.5 4.400 4.700 10.00 30/12/2016 0.210 0.115 0.195 0.195 5249CK IOIPG-CK 0.195 0.005 50 2.620 2.100 2.48 15/12/2016 0.220 0.110 0.115 0.115 8834WB IREKA-WB 0.115 Unch 20 0.515 1.000 116.50 25/06/2019 0.150 0.030 0.060 0.055 5175WA IVORY-WA 0.060 -0.005 190.4 0.405 0.750 100.00 26/04/2017 0.125 0.040 0.045 0.040 5161CX JCY-CX 0.045 0.005 580 0.515 0.600 25.24 14/03/2017 0.348 0.063 0.210 0.170 7167WA JOHOTIN-WA 0.205 0.030 501.9 0.875 2.280 184.00 21/11/2017 0.105 0.010 0.015 0.015 4383CF JTIASA-CF 0.015 0.005 30 1.220 2.000 68.85 31/01/2017 0.075 0.005 0.010 0.010 4383CI JTIASA-CI 0.010 Unch 300 1.220 1.700 43.03 28/11/2016 0.125 0.025 0.055 0.055 5247CP KAREX-CP 0.055 0.010 2210 2.400 2.533 14.72 23/11/2016 0.205 0.120 0.145 0.140 5247CQ KAREX-CQ 0.145 0.005 425 2.400 2.200 9.79 31/01/2017 1.550 0.500 1.390 1.360 7161WA KERJAYA-WA 1.390 0.020 36.9 2.330 0.880 -2.58 20/12/2017 0.025 0.010 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 250 0.050 0.100 120.00 02/07/2018 0.865 0.300 0.790 0.770 5171WA KIMLUN-WA 0.790 -0.005 128 2.000 1.680 23.50 12/03/2024 0.125 0.055 0.055 0.055 7164WA KNM-WA 0.055 Unch 120 0.415 0.980 149.40 15/11/2017 0.160 0.100 0.130 0.130 7164WB KNM-WB 0.130 -0.005 76.5 0.415 1.000 172.29 21/04/2020 0.585 0.135 0.145 0.140 7017WB KOMARK-WB 0.140 0.005 50.1 0.360 0.300 22.22 21/01/2020 0.100 0.015 0.015 0.015 7153CM KOSSAN-CM 0.015 -0.005 30 6.260 9.000 47.12 31/01/2017 0.190 0.010 0.015 0.010 5038CF KSL-CF 0.010 -0.010 430 1.120 1.400 25.89 11/11/2016 0.640 0.215 0.235 0.230 8494WA LBICAP-WA 0.235 Unch 40 1.250 1.000 -1.20 17/04/2018 0.760 0.315 0.760 0.720 5789WA LBS-WA 0.730 0.035 874.2 1.800 1.000 -3.89 11/06/2018 0.530 0.215 0.530 0.480 5789WB LBS-WB 0.490 0.025 3197.3 1.800 1.250 -3.33 04/10/2020 0.250 0.155 0.180 0.165 7126WA LONBISC-WA 0.180 Unch 74.4 0.725 1.000 62.76 26/01/2020 0.060 0.025 0.030 0.025 0017WA M3TECH-WA 0.025 -0.005 4257.3 0.065 0.100 92.31 21/08/2019 0.470 0.210 0.300 0.290 7617WB MAGNA-WB 0.300 0.015 87 1.000 0.900 20.00 04/09/2020 0.165 0.045 0.155 0.150 8583C2 MAHSING-C2 0.155 0.010 160 1.590 1.450 0.94 30/09/2016 0.145 0.075 0.090 0.090 8583C3 MAHSING-C3 0.090 0.005 330 1.590 1.500 2.83 11/10/2016 0.265 0.130 0.225 0.220 8583WB MAHSING-WB 0.225 -0.005 393.4 1.590 1.440 4.72 16/03/2018 0.200 0.115 0.130 0.125 8583WC MAHSING-WC 0.125 -0.005 69.5 1.590 2.100 39.94 21/02/2020 0.100 0.050 0.055 0.055 5264CM MALAKOF-CM 0.055 Unch 100 1.690 1.600 4.44 28/11/2016 0.185 0.070 0.090 0.085 5264CN MALAKOF-CN 0.090 0.005 129 1.690 1.600 2.66 30/12/2016 0.115 0.050 0.065 0.065 5264CO MALAKOF-CO 0.065 Unch 40 1.690 1.700 8.28 31/01/2017 0.130 0.110 0.110 0.110 5264CP MALAKOF-CP 0.110 Unch 5 1.690 1.700 10.36 09/05/2017 0.225 0.085 0.105 0.100 6181WB MALTON-WB 0.100 -0.005 171 0.645 1.000 70.54 29/06/2018 0.170 0.035 0.055 0.045 6012CT MAXIS-CT 0.055 -0.010 700 6.020 6.300 7.39 30/12/2016 0.235 0.020 0.020 0.020 115519 MAYBANKC19 0.020 -0.005 2278 7.840 8.600 10.33 30/12/2016 0.195 0.100 0.105 0.100 115522 MAYBANKC22 0.100 -0.010 340 7.840 8.150 9.31 31/01/2017 0.110 0.080 0.080 0.080 115523 MAYBANKC23 0.080 Unch 10 7.840 8.400 12.24 17/03/2017 0.130 0.085 0.110 0.100 115524 MAYBANKC24 0.100 -0.010 1557.2 7.840 8.000 5.23 30/06/2017 0.420 0.175 0.400 0.375 5152WA MBL-WA 0.390 0.010 107.9 1.020 0.800 16.67 28/11/2022 0.300 0.035 0.145 0.140 5983WA MBMR-WA 0.140 Unch 368.3 2.520 3.200 32.54 14/06/2017 0.405 0.130 0.255 0.245 1694WB MENANG-WB 0.255 0.005 208 0.900 1.000 39.44 09/07/2019 0.185 0.010 0.155 0.140 0075WA MEXTER-WA 0.145 0.005 1318.1 0.280 0.130 -1.79 17/09/2018 0.710 0.305 0.580 0.580 3069WA MFCB-WA 0.580 -0.015 6.9 2.000 2.220 40.00 08/04/2020 0.415 0.100 0.215 0.215 3662WB MFLOUR-WB 0.215 0.005 4.6 1.520 2.060 49.67 09/05/2017 0.485 0.140 0.145 0.145 5186CY MHB-CY 0.145 Unch 220 1.010 0.900 3.47 30/11/2016 0.120 0.030 0.050 0.050 5026WA MHC-WA 0.050 Unch 4 0.810 1.560 98.77 28/07/2017 0.355 0.260 0.285 0.280 5576WC MINHO-WC 0.285 Unch 156.8 0.640 0.500 22.66 02/08/2021 0.145 0.110 0.110 0.110 3816C8 MISC-C8 0.110 -0.005 275.4 7.530 7.500 6.91 31/05/2017 0.625 0.330 0.550 0.540 9571WD MITRA-WD 0.550 0.005 280.2 1.400 1.090 17.14 23/08/2020 1.380 0.570 1.210 1.190 6114WB MKH-WB 1.210 Unch 110.6 2.740 1.890 13.14 29/12/2017 0.100 0.020 0.035 0.030 0085WA MLAB-WA 0.035 0.005 1173.1 0.090 0.100 50.00 24/04/2020 0.400 0.115 0.400 0.315 7595WA MLGLOBAL-WA 0.315 0.005 1076.4 0.780 0.500 4.49 27/10/2019 0.240 0.025 0.065 0.055 2194C1 MMCCORP-C1 0.065 0.010 375 2.250 2.100 -0.89 30/09/2016 0.175 0.110 0.125 0.115 2194C2 MMCCORP-C2 0.125 Unch 2050.4 2.250 2.100 10.00 13/01/2017 0.090 0.075 0.080 0.075 2194C3 MMCCORP-C3 0.080 Unch 1025 2.250 2.650 29.16 28/02/2017 0.150 0.035 0.105 0.105 1651C7 MRCB-C7 0.105 Unch 628.5 1.300 1.220 10.00 31/03/2017 0.105 0.075 0.085 0.080 1651C8 MRCB-C8 0.085 0.005 450 1.300 1.350 20.19 28/02/2017 0.240 0.105 0.125 0.115 1651WA MRCB-WA 0.120 Unch 914.9 1.300 2.300 86.15 14/09/2018 0.225 0.150 0.190 0.185 0138C1 MYEG-C1 0.190 0.010 2205.9 2.140 2.100 15.89 30/06/2017 0.360 0.090 0.205 0.190 0138CT MYEG-CT 0.195 0.005 420 2.140 1.775 1.17 30/09/2016 0.100 0.020 0.040 0.040 0138CW MYEG-CW 0.040 -0.005 301.8 2.140 2.350 18.22 23/11/2016 0.145 0.040 0.095 0.085 0138CX MYEG-CX 0.095 0.005 5663.3 2.140 1.900 5.65 31/10/2016 0.135 0.060 0.115 0.105 0138CY MYEG-CY 0.115 Unch 797.8 2.140 2.150 14.98 30/12/2016 0.045 0.015 0.025 0.020 0096WA NEXGRAM-WA 0.025 Unch 638.8 0.045 0.100 177.78 16/05/2022 0.125 0.020 0.020 0.020 0083WB NOTION-WB 0.020 Unch 442.8 0.365 1.000 179.45 02/05/2017 0.270 0.150 0.220 0.220 0172WA OCK-WA 0.220 Unch 210.8 0.795 0.710 16.98 15/12/2020 0.355 0.255 0.270 0.270 5053WC OSK-WC 0.270 -0.005 3.3 1.590 1.800 30.19 22/07/2020 0.235 0.125 0.205 0.205 7052CF PADINI-CF 0.205 0.005 37.7 2.940 2.900 12.59 30/06/2017 0.095 0.010 0.050 0.040 0005WA PALETTE-WA 0.045 0.010 2114.2 0.070 0.040 21.43 20/03/2018 0.280 0.220 0.230 0.220 129511 PBBANK-C11 0.230 Unch 2928.1 19.500 20.000 10.23 28/02/2017 0.240 0.075 0.200 0.185 1295C6 PBBANK-C6 0.195 0.015 94 19.500 18.000 0.31 30/09/2016 0.120 0.020 0.020 0.020 5183C6 PCHEM-C6 0.020 -0.005 205.8 6.590 6.900 6.22 30/11/2016 0.210 0.130 0.130 0.130 5183C8 PCHEM-C8 0.130 -0.045 2.9 6.590 7.150 15.60 30/12/2016 0.310 0.145 0.275 0.260 9997WB PENSONI-WB 0.260 -0.020 317.1 0.695 0.600 23.74 20/01/2024 0.040 0.015 0.025 0.015 5146WA PERWAJA-WA 0.020 -0.005 592.3 0.100 1.000 920.00 28/02/2022 0.295 0.120 0.190 0.185 8311WC PESONA-WC 0.190 0.005 330 0.415 0.250 6.02 27/01/2020 0.205 0.095 0.135 0.095 6033CN PETGAS-CN 0.130 Unch 45.4 21.900 21.200 3.93 31/03/2017 0.120 0.010 0.020 0.020 3042CA PETRONM-CA 0.020 Unch 200 4.070 6.000 53.32 15/12/2016 0.570 0.330 0.505 0.500 1945WC PJDEV-WC 0.500 Unch 100.4 1.500 1.000 0.00 04/12/2020 0.435 0.105 0.390 0.380 8869CO PMETAL-CO 0.380 0.040 95.2 4.330 2.700 -2.54 15/12/2016 3.240 0.990 3.050 2.950 8869WC PMETAL-WC 3.050 0.100 177 4.330 1.100 -4.16 22/08/2019 1.110 0.615 0.720 0.690 7088WB POHUAT-WB 0.715 -0.015 261.6 1.560 1.000 9.94 21/10/2020 0.315 0.020 0.310 0.225 4634CV POS-CV 0.300 0.075 1902.9 3.400 2.770 -0.88 31/10/2016 0.175 0.040 0.130 0.080 4634CW POS-CW 0.125 0.045 3048 3.400 3.000 1.10 11/10/2016 0.205 0.110 0.155 0.125 4634CX POS-CX 0.155 0.040 1646 3.400 3.100 4.85 13/01/2017

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Wall Street ahead — US stock falls; risk of Deutsche Bank fi ne hits banks

NEW YORK: US stocks fell last Friday as the possibility of a US$14 billion fi ne against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the US Federal Reserve (Fed) will hike interest rates. The Dow Jones Industrial Average lost 0.49% to fi nish at 18,123.8 points; the S&P 500 fell 0.38% to 2,139.16 and the Nasdaq Composite declined 0.1% to 5,244.57. Dow components Goldman Sachs and JPMorgan fell over 1% each. For the week, the Dow edged up 0.2%, the S&P gained 0.5% and the Nasdaq jumped 2.3%. Deutsche Bank’s US-listed shares slumped 9.35% as news that the US Department of Justice had asked for US$14 billion to settle an investigation into sales of mortgage-backed securities raised worries of a possible capital hike. The claim far outstrips the bank’s and investors’ expectations. It is not yet clear what the fi nal payment will be, but if it were as high as US$14 billion, it would severely strain the German lender’s fragile fi nances. “There may be opportunity for Deutsche Bank management to negotiate the fi ne down, but even around US$10 billion it would necessitate a capital raise,” Andrew Lim and other analysts at Societe Generale said in a note, confi rming their “sell” rating. The S&P 500 Financial Index dropped

0.91%, dragging down the benchmark index the most. The KBW Bank index fell 1.11% and logged its second straight week of declines. Traders have all but ruled out the possibility of the Fed raising interest rates at its meeting that starts tomorrow. But residual doubts and questions about when the Fed may fi nally pull the trigger still hurt sentiment. “It’s the uncertainty of this week, the complacency of investors trying to re-evaluate their portfolios as we prepare for an interest-rate hike,” said Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina. With futures and options contracts expiring, about 9.3 billion shares changed hands on US exchanges, above the 6.6 billion daily average for the past 20 trading days, according to Thomson Reuters data. The technology index last Friday dropped 0.33%, pulled down by Apple’s 0.56% decline and Oracle’s 4.75% drop following weak quarterly profi t. Helping limit losses was Intel’s 3.04% gain to a 15-year high after the chipmaker raised its third-quarter revenue forecast. The CBOE Market Volatility Index, Wall Street’s “fear gauge”, declined 5.7%. Decl ining issues outnumbered advancing ones on the New York Stock Exchange by a 1.79-to-one ratio; on Nasdaq, a 1.18-to-one ratio favoured decliners. The S&P 500 posted fi ve new 52-week highs and two new lows; the Nasdaq Composite recorded 88 new highs and 50 new lows.

Global markets — Southeast Asia ends higher, while Philippines falls most in over three months

BENGALURU (India): Philippine shares slumped 2% last Friday in their biggest percentage fall in over three months as investors booked profi ts after the previous session’s gains, while most other Southeast Asian markets rose after lacklustre US retail sales data reduced prospects of a US Federal Reserve (Fed) rate hike this week. Futures traders are now pricing in a 12% chance of a rate increase this month, down from 15% last Wednesday, according to CME Group’s FedWatch tool. The US consumer price infl ation data due later in the day is the next test for rates-focused traders. Last Friday, the Philippine Stock Index fell for a fourth session in five, pulled down by consumer cyclicals and utilities, and posted a weekly decline of 0.4%. SM Investments Corp and Aboitiz Equity Ventures Inc dropped 3.7% each. Investors are taking profit from the last-minute “jolt” last Thursday, said Anton Alfonso, an analyst with RCBC Securities Inc, adding that local shares would track the movement in US markets this week. Singapore shares ended 0.78% higher, snapping four consecutive sessions of falls, with fi nancials and energy stocks leading the gains. For the week, Singapore shares declined 1.6%.

DBS Group Holdings Ltd rose 1.3%, while Keppel Corp Ltd gained 0.8%. Diminished prospects of a Fed rate hike boosted overall risk-on sentiment, said Vishnu Varathan, a senior economist with Mizuho Bank. Thai stocks ended 1.1% higher, with technology and telecom shares gaining the most. Advanced Info Service Pcl gained 2.8%, while KCE Electronics Pcl rose 3.1%. Japan stocks bounced back from three-week lows last Friday as Apple-related shares rose on strong sales of new iPhone 7 and as bank shares were bought back after heavy selling earlier in the week. The Nikkei Share Average rose 0.7% to 16,519.29 points, a day after it hit a three-week low, while the broader Topix Index gained 0.8% to 1,311.5. On the week, the Nikkei fell 2.6%, its biggest weekly fall since early July. The STOXX Europe 600 Index fell 0.7% to 337.8 points, its lowest closing level since Aug 4. After falling 1.4% in the previous week, the index has dropped 2.2% this week for its biggest weekly decline since mid-June. The Oil and Gas Index fell 1.4% after crude oil prices slid to multi-week lows as swelling Iranian exports reinforced fears of a global glut. Last Friday, Malaysia market was closed for a national holiday. China, Hong Kong, South Korea and Taiwan markets were closed for Mid-Autumn Festival, the trading will resumes today. — Reuters

Dow JonesIndex points

10,403.79

Mar 1, 2010 Sep 16, 2016

18,123.80-88.68

(-0.49%)

9500

11770

14040

16310

18580

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Sep 16, 2016

2,935.25-38.52

(-1.30%)

1960

2445

2930

3415

3900

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

2,827.45+21.93

(+0.78%)

Sep 16, 2016

2400

2700

3000

3300

3600

Nikkei 225Index points

10,172.06

Mar 1, 2010 Sep 16, 2016

8100

11275

14450

17625

20800

16,519.29+114.28

(+0.70%)

Bursa Malaysia Equity Derivatives

0.295 0.145 0.230 0.220 4634CY POS-CY 0.230 -0.025 24.4 3.400 2.800 2.65 13/01/2017 0.200 0.125 0.195 0.180 4634CZ POS-CZ 0.185 0.025 610 3.400 3.000 12.72 31/01/2017 0.195 0.005 0.005 0.005 5204CD PRESBHD-CD 0.005 Unch 200 2.170 3.000 38.82 11/10/2016 0.280 0.080 0.275 0.270 7168WA PRG-WA 0.275 Unch 170.4 0.680 0.375 -4.41 06/07/2019 0.540 0.405 0.455 0.445 8966WA PRLEXUS-WA 0.455 0.010 102 1.400 1.200 18.21 14/06/2021 2.020 0.310 0.480 0.480 6807WB PUNCAK-WB 0.480 0.030 0.6 1.120 1.000 32.14 20/07/2018 0.350 0.215 0.350 0.300 7134WA PWF-WA 0.300 -0.030 3037.3 0.750 0.620 22.67 20/07/2021 0.130 0.040 0.040 0.040 7084CH QL-CH 0.040 -0.010 1 4.400 4.400 5.45 23/11/2016 0.070 0.020 0.030 0.030 5256WA REACH-WA 0.030 -0.005 5601 0.685 0.750 13.87 12/08/2022 0.115 0.070 0.075 0.070 1066CW RHBBANK-CW 0.070 -0.010 200 4.750 5.000 11.16 31/05/2017 0.115 0.065 0.070 0.065 5270WA RSENA-WA 0.065 Unch 1104 0.410 0.500 37.80 01/12/2023 0.138 0.019 0.025 0.025 0133WC SANICHI-WC 0.025 0.005 467.5 0.090 0.210 161.11 24/09/2019 0.035 0.025 0.030 0.025 0133WD SANICHI-WD 0.030 0.005 767.4 0.090 1.000 1,044 21/07/2019 0.025 0.010 0.015 0.015 0109WB SCBUILD-WB 0.015 Unch 200 0.040 0.050 62.50 06/11/2019 0.530 0.120 0.165 0.155 7073WA SEACERA-WA 0.155 -0.010 91 0.840 1.000 37.50 16/05/2017 0.160 0.070 0.090 0.085 0055WA SERSOL-WA 0.085 0.005 156 0.130 0.180 103.85 18/04/2023 0.465 0.260 0.265 0.260 7246WA SIGN-WA 0.265 -0.005 959.9 0.930 0.970 32.80 21/04/2021 0.200 0.005 0.005 0.005 4197C3 SIME-C3 0.005 Unch 1753 7.670 7.900 3.26 30/09/2016 0.090 0.020 0.025 0.020 4197C5 SIME-C5 0.025 -0.005 305 7.670 8.300 11.47 28/11/2016 0.150 0.055 0.060 0.055 4197C6 SIME-C6 0.060 Unch 10.5 7.670 8.000 10.56 11/11/2016 0.180 0.130 0.145 0.130 4197C7 SIME-C7 0.145 0.005 1200 7.670 8.400 18.97 28/02/2017 0.275 0.005 0.005 0.005 521817 SKPETROC17 0.005 Unch 50 1.540 1.700 11.20 30/09/2016 0.110 0.025 0.060 0.050 521825 SKPETROC25 0.060 Unch 6549.8 1.540 2.000 43.51 26/01/2017 0.110 0.030 0.045 0.035 521826 SKPETROC26 0.045 -0.005 3773.9 1.540 1.850 27.44 30/11/2016 0.165 0.115 0.125 0.125 521827 SKPETROC27 0.125 -0.010 50 1.540 1.400 11.20 31/01/2017 0.205 0.125 0.160 0.155 521829 SKPETROC29 0.160 -0.005 855 1.540 1.400 11.69 31/05/2017 0.130 0.005 0.005 0.005 7155CA SKPRES-CA 0.005 Unch 560 1.280 1.500 17.97 30/09/2016 0.875 0.470 0.605 0.595 7155WA SKPRES-WA 0.595 -0.005 432.1 1.280 0.650 -2.73 27/06/2017 0.255 0.035 0.040 0.040 0117WA SMRT-WA 0.040 0.005 6.6 0.170 0.180 29.41 01/08/2017 0.155 0.100 0.140 0.140 0093WA SOLUTN-WA 0.140 Unch 316.2 0.245 0.200 38.78 04/07/2021 0.170 0.035 0.120 0.105 8664CU SPSETIA-CU 0.120 -0.005 629.8 3.230 3.200 6.50 31/01/2017 0.090 0.040 0.055 0.050 0129WA SRIDGE-WA 0.050 Unch 100 0.095 0.180 142.11 24/02/2023 0.110 0.045 0.045 0.045 1201WA SUMATEC-WA 0.045 -0.005 1.1 0.090 0.320 305.56 03/03/2021 0.105 0.035 0.040 0.035 1201WB SUMATEC-WB 0.040 Unch 146.5 0.090 0.175 138.89 13/11/2018 0.235 0.105 0.130 0.120 5263CC SUNCON-CC 0.130 -0.005 320 1.640 1.450 0.30 28/10/2016 0.155 0.120 0.125 0.125 5263CE SUNCON-CE 0.125 0.005 120 1.640 1.500 6.71 30/12/2016 0.110 0.095 0.100 0.095 5263CF SUNCON-CF 0.100 -0.005 300 1.640 1.800 21.95 09/05/2017 0.140 0.060 0.070 0.070 0148WB SUNZEN-WB 0.070 -0.010 200 0.230 0.250 39.13 25/02/2021 0.060 0.010 0.010 0.010 710613 SUPERMX-C13 0.010 -0.005 160 2.150 4.000 88.37 31/01/2017 0.165 0.005 0.005 0.005 710614 SUPERMX-C14 0.005 Unch 100 2.150 3.700 73.14 04/10/2016 0.120 0.005 0.015 0.005 710615 SUPERMX-C15 0.005 -0.005 432.8 2.150 3.100 45.47 23/11/2016 0.105 0.045 0.060 0.060 710617 SUPERMX-C17 0.060 -0.005 500 2.150 2.500 24.65 14/03/2017 0.160 0.075 0.120 0.115 710618 SUPERMX-C18 0.120 Unch 651.6 2.150 2.200 16.28 28/04/2017 0.180 0.095 0.120 0.115 710619 SUPERMX-C19 0.115 -0.005 300 2.150 2.200 15.70 31/01/2017 0.430 0.050 0.065 0.065 7106C3 SUPERMX-C3 0.065 Unch 320 2.150 2.000 5.12 28/10/2016 0.275 0.155 0.160 0.160 1538WB SYMLIFE-WB 0.160 -0.010 1.3 0.690 1.100 82.61 11/11/2020 0.560 0.170 0.250 0.240 8524WB TALIWRK-WB 0.250 Unch 52.5 1.470 1.700 32.65 11/11/2018 0.100 0.045 0.095 0.090 0132WA TDEX-WA 0.095 0.005 1170.1 0.170 0.110 20.59 21/09/2018 0.595 0.360 0.565 0.560 534722 TENAGA-C22 0.560 Unch 42.6 14.360 10.500 0.42 30/09/2016



0.140 0.055 0.080 0.070 534728 TENAGA-C28 0.075 -0.005 390 14.360 14.400 3.93 28/02/2017 0.170 0.110 0.115 0.110 534729 TENAGA-C29 0.110 -0.005 536 14.360 15.100 9.75 30/11/2016 0.180 0.145 0.145 0.145 534730 TENAGA-C30 0.145 Unch 4 14.360 14.500 10.57 17/02/2017 0.115 0.085 0.085 0.085 534731 TENAGA-C31 0.085 Unch 7 14.360 15.000 10.38 14/03/2017 3.560 0.600 3.120 3.070 7034WA TGUAN-WA 3.070 -0.030 18.3 4.280 1.500 6.78 09/10/2019 0.180 0.055 0.080 0.070 7889WB THRIVEN-WB 0.080 0.010 49 0.210 0.640 242.86 05/10/2020 0.030 0.015 0.015 0.015 7079WC TIGER-WC 0.015 Unch 56.9 0.050 0.080 90.00 11/02/2021 0.215 0.055 0.060 0.055 486313 TM-C13 0.060 -0.030 1680 6.780 7.000 6.34 28/10/2016 0.315 0.130 0.295 0.285 0101WB TMCLIFE-WB 0.285 -0.005 381.7 0.955 0.750 8.38 21/06/2019 0.765 0.310 0.650 0.625 8397WC TNLOGIS-WC 0.630 -0.010 288.3 1.590 1.000 2.52 26/12/2018 0.460 0.305 0.360 0.360 7285WA TOMYPAK-WA 0.360 Unch 92.9 1.660 2.290 59.64 21/06/2021 0.080 0.010 0.010 0.010 7113C1 TOPGLOV-C1 0.010 Unch 517.2 4.690 7.000 51.81 31/01/2017 0.160 0.035 0.065 0.060 7113C6 TOPGLOV-C6 0.065 Unch 2782.9 4.690 5.150 16.74 28/02/2017 0.225 0.055 0.095 0.085 7113C7 TOPGLOV-C7 0.095 0.005 753 4.690 4.950 13.65 30/11/2016 0.400 0.005 0.005 0.005 7113CZ TOPGLOV-CZ 0.005 Unch 50 4.690 6.900 47.76 28/10/2016 0.120 0.040 0.060 0.050 7173WA TOYOINK-WA 0.060 0.020 135 0.530 1.500 194.34 20/04/2018 0.170 0.025 0.050 0.045 5054WA TRC-WA 0.050 0.005 200.1 0.430 0.500 27.91 20/01/2017 0.060 0.005 0.020 0.015 0118WA TRIVE-WA 0.020 0.005 45 0.080 0.100 50.00 06/01/2017 0.390 0.210 0.290 0.290 5401WA TROP-WA 0.290 Unch 22 1.030 1.000 25.24 06/12/2019 0.115 0.040 0.050 0.040 514827 UEMS-C27 0.050 0.005 894.8 1.080 0.980 1.85 30/09/2016 0.125 0.030 0.055 0.045 514828 UEMS-C28 0.055 0.005 1102.2 1.080 1.050 12.50 28/11/2016 0.055 0.010 0.015 0.010 514829 UEMS-C29 0.015 0.005 2955 1.080 1.250 19.21 28/10/2016 0.100 0.080 0.085 0.085 514831 UEMS-C31 0.085 0.005 90 1.080 1.150 18.29 30/06/2017 0.130 0.015 0.040 0.030 4588CW UMW-CW 0.030 -0.015 207.6 5.790 7.000 23.49 31/01/2017 0.320 0.120 0.145 0.145 4588CY UMW-CY 0.145 -0.020 15 5.790 5.700 10.97 31/05/2017 0.085 0.005 0.010 0.005 5243C2 UMWOG-C2 0.010 Unch 300 0.895 1.380 57.54 28/11/2016 0.120 0.005 0.010 0.010 5243C3 UMWOG-C3 0.010 -0.005 3182.6 0.895 1.070 21.23 31/10/2016 0.110 0.020 0.020 0.020 5243C4 UMWOG-C4 0.020 -0.005 21.5 0.895 1.020 20.67 30/11/2016 0.060 0.010 0.010 0.010 5243C5 UMWOG-C5 0.010 -0.005 490 0.895 1.300 46.93 15/12/2016 0.150 0.060 0.060 0.060 5243C6 UMWOG-C6 0.060 -0.015 100 0.895 1.000 21.79 17/02/2017 0.165 0.070 0.075 0.070 5243C7 UMWOG-C7 0.070 -0.010 358.9 0.895 1.000 19.55 31/05/2017 0.250 0.075 0.120 0.115 7091WA UNIMECH-WA 0.115 Unch 55 1.150 1.500 40.43 18/09/2018 0.130 0.075 0.080 0.080 5005CO UNISEM-CO 0.080 0.005 20 2.700 2.400 0.74 30/09/2016 0.165 0.130 0.150 0.150 5005CQ UNISEM-CQ 0.150 0.005 45 2.700 2.250 5.56 14/03/2017 0.192 0.008 0.105 0.095 0069WB VIVOCOM-WB 0.100 Unch 7270.2 0.205 0.200 46.34 07/09/2018 0.228 0.023 0.125 0.125 0069WC VIVOCOM-WC 0.125 Unch 317.9 0.205 0.100 9.76 22/01/2020 0.075 0.025 0.025 0.025 6963CF VS-CF 0.025 -0.005 200 1.330 1.300 4.32 30/09/2016 0.080 0.015 0.040 0.040 0066WA VSOLAR-WA 0.040 Unch 5 0.085 0.120 88.24 01/12/2017 0.515 0.195 0.340 0.335 6963WA VS-WA 0.340 Unch 255.7 1.330 1.650 49.62 06/01/2019 0.165 0.055 0.065 0.060 9679CX WCT-CX 0.065 Unch 350 1.650 1.600 4.85 30/12/2016 0.290 0.130 0.195 0.175 9679WD WCT-WD 0.195 0.005 198.8 1.650 1.710 15.45 11/12/2017 0.235 0.130 0.185 0.175 9679WE WCT-WE 0.185 Unch 173.2 1.650 2.080 37.27 27/08/2020 0.085 0.040 0.040 0.040 5246CM WPRTS-CM 0.040 -0.005 80 4.380 4.200 1.37 07/10/2016 0.870 0.497 0.520 0.520 7245WA WZSATU-WA 0.520 Unch 5 1.030 0.500 -0.97 28/10/2024 0.025 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 Unch 1001 0.040 0.100 162.50 22/03/2019 0.085 0.040 0.050 0.050 0165WA XOX-WA 0.050 -0.005 842 0.135 0.200 85.19 10/02/2019 0.185 0.025 0.185 0.170 7020WB YKGI-WB 0.175 Unch 15285.5 0.370 0.500 82.43 28/05/2020 0.130 0.075 0.100 0.100 4677C3 YTL-C3 0.100 Unch 5 1.740 1.550 0.57 28/11/2016 0.225 0.110 0.220 0.220 4677C4 YTL-C4 0.220 Unch 4 1.740 1.500 -1.15 31/03/2017 0.130 0.070 0.130 0.130 6742CV YTLPOWR-CV 0.130 0.005 25 1.600 1.500 5.94 17/02/2017 0.450 0.300 0.445 0.435 6742WB YTLPOWR-WB 0.435 Unch 1449.9 1.600 1.140 -1.56 11/06/2018 0.190 0.075 0.100 0.095 2283WA ZELAN-WA 0.095 -0.005 110 0.175 0.250 97.14 25/01/2019

Main Market & Ace Market Warrants

MarketsI N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X


Local events to watch out for today

While every eff ort is made to ensure accuracy, the information presented is not an exhaustive list and is not an offi cial record of shareholder fi lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the offi cial fi lings fi led with Bursa Malaysia. Note: * denotes Ace Market

AFFIN HOLDINGS (2,638,900) EMPLOYEES PROVIDENT FUND BOARD 136,350,660 30/8, 1,2 & 5/9ATTA GLOBAL GROUP 8,232,603 ATTA WORLDWIDE GROUP 21,643,100 14/9BIMB HOLDNGS (593,000) EMPLOYEES PROVIDENT FUND BOARD 196,475,101 7 & 8/9BUMI ARMADA (2,571,800) EMPLOYEES PROVIDENT FUND BOARD 362,212,300 8/9CAPITALAND (M) MALL TRUST 516,700 AMANAHRAYA TRUSTEES 184,686,000 9/9 - SKIM AMANAH SAHAM BUMIPUTERADIALOG GROUP 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 661,016,104 8/9DIGI.COM (1,525,000) AMANAHRAYA TRUSTEES 508,730,400 8/9 - SKIM AMANAH SAHAM BUMIPUTERADIGI.COM 4,320,000 EMPLOYEES PROVIDENT FUND BOARD 886,966,940 8/9ECO WORLD DEVELOPMENT GROUP (670,000) EMPLOYEES PROVIDENT FUND BOARD 199,361,600 8/9GAMUDA (1,143,300) AMANAHRAYA TRUSTEES 155,000,100 8 & 9/9 - SKIM AMANAH SAHAM BUMIPUTERAHARTALEGA HOLDINGS 705,000 KUAN KAM PENG 846,076,468 8 & 13/9HONG LEONG BANK (505,600) EMPLOYEES PROVIDENT FUND BOARD 274,938,723 8/9IHH HEALTHCARE 915,300 EMPLOYEES PROVIDENT FUND BOARD 708,813,000 8/9IJM CORPORATION (500,000) AMANAHRAYA TRUSTEES 298,756,400 9/9 - SKIM AMANAH SAHAM BUMIPUTERAIJM PLANTATIONS 454,000 EMPLOYEES PROVIDENT FUND BOARD 107,573,362 8/9IOI CORPORATION 3,422,200 EMPLOYEES PROVIDENT FUND BOARD 394,734,573 8/9IOI PROPERTIES GROUP (591,100) EMPLOYEES PROVIDENT FUND BOARD 231,784,186 8/9IOI PROPERTIES GROUP 700,000 VERTICAL CAPACITY 2,249,006,047 8/9KPJ HEALTHCARE 486,700 EMPLOYEES PROVIDENT FUND BOARD 135,204,195 8/9KANGER INTERNATIONAL 460,800 SETIAKON BUILDERS 49,520,700 9 & 13/9KPJ HEALTHCARE 486,700 EMPLOYEES PROVIDENT FUND BOARD 135,204,195 8/9KUALA LUMPUR KEPONG (500,000) AMANAHRAYA TRUSTEES 66,500,000 9/9 - SKIM AMANAH SAHAM BUMIPUTERALEWEKO RESOURCES (20,000,000) ENCIK ABD AZIZ BIN JANTAN 74,747,674 14/9MALAYSIA AIRPORTS HOLDINGS (787,000) AMANAHRAYA TRUSTEES 193,000,000 9/9 - SKIM AMANAH SAHAM BUMIPUTERAMAXIS (1,463,900) AMANAHRAYA TRUSTEES 614,841,300 8 & 9/9 - SKIM AMANAH SAHAM BUMIPUTERAMAXIS 2,800,000 EMPLOYEES PROVIDENT FUND BOARD 652,967,509 6 & 9/9MUHIBBAH ENGINEERING (M) (976,500) LEMBAGA TABUNG HAJI 49,168,500 7 & 8/9PAVILION REAL ESTATE 520,700 EMPLOYEES PROVIDENT FUND BOARD 196,530,003 8/9INVESTMENT TRUST PETRONAS CHEMICALS GROUP 735,200 EMPLOYEES PROVIDENT FUND BOARD 710,146,650 8/9PUBLIC BANK 2,212,800 EMPLOYEES PROVIDENT FUND BOARD 470,590,310 8/9RAYA INTERNATIONAL 1,800,000 DATO’ SRI HO KAM CHOY 11,023,300 13/9RAYA INTERNATIONAL (1,800,000) DATO’ TAN SENG HU 2,560,000 13/9RELIANCE PACIFIC (9,250,000) IBU KOTA DEVELOPMENTS SDN 256,547,590 9/9S P SETIA (1,200,000) EMPLOYEES PROVIDENT FUND BOARD 148,506,254 8/9SAPURAKENCANA PETROLEUM (2,500,000) EMPLOYEES PROVIDENT FUND BOARD 841,564,075 8/9SASBADI HOLDINGS 500,000 EMPLOYEES PROVIDENT FUND BOARD 17,096,500 8/9SEACERA GROUP 493,700 ZULKARNIN BIN ARIFFIN 49,216,474 8, 9 & 13/9SIME DARBY (6,145,000) EMPLOYEES PROVIDENT FUND BOARD 716,507,809 6, 7 & 8/9SUNWAY REAL ESTATE (1,500,000) AMANAHRAYA TRUSTEES 254,808,800 8 & 9/9INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERASUNWAY REAL ESTATE 1,791,600 EMPLOYEES PROVIDENT FUND BOARD 359,184,100 7 & 8/9INVESTMENT TRUST SYARIKAT TAKAFUL MALAYSIA 710,800 EMPLOYEES PROVIDENT FUND BOARD 90,490,000 7/9TELEKOM MALAYSIA (736,300) EMPLOYEES PROVIDENT FUND BOARD 523,821,730 8/9TENAGA NASIONAL (4,764,500) EMPLOYEES PROVIDENT FUND BOARD 837,405,082 7 & 8/9UCHI TECHNOLOGIES (12,098,000) EASTBOW INTERNATIONAL LTD, 83,292,026 9/9 VIRGIN ISLANDS, BRITISHUCHI TECHNOLOGIES 12,098,000 IRONBRIDGE WORLDWIDE LTD, 35,327,981 9/9 VIRGIN ISLANDS, BRITISH UMW HOLDINGS 1,134,700 EMPLOYEES PROVIDENT FUND BOARD 189,222,256 8/9WAH SEONG CORPORATION (603,600) EMPLOYEES PROVIDENT FUND BOARD 41,104,081 8/9YKGI HOLDINGS (3,444,900) YUNG KONG CO 54,390,000 9 & 13/9YONG TAI 650,000 DATO’ SRI LEE EE HOE, JP 18,039,000 8/9

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

Insider moves (Filings on Sep 14, 2016)

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

Note: Run your fi nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your fi nger until that line intersects with the vertical column of the currency you wish to buy. The fi gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

• Kejuruteraan Samudra Timur Bhd’s extraordinary general meeting will be held at 10am. Warrant holders’ meeting will be held at 11.30am at Tropicana Golf & Country Resort, Petaling Jaya, Selangor.

• Audi Malaysia launches all-new Audi A4 at the Audi A4 Launchpad @ EX8,

No 3, Jalan SS13 / 4, Subang Jaya, Selangor at 2pm.

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 $ 0.652 0.727 0.713 0.559 0.961 0.995 0.995 0.970 3.0136 4.852 56.948 4.856 2.671 9,570 48.783 74.399 6.044 34.875 2.648 2.728 6.230 25.401 5.643

EURO 1.534 1.116 1.094 0.858 1.474 1.526 1.527 1.489 4.6236 7.445 87.372 7.451 4.099 14,683 74.845 114.146 9.273 53.506 4.063 4.185 9.559 38.971 8.658

US $ 1.375 0.896 0.980 0.769 1.321 1.368 1.368 1.334 4.1430 6.671 78.290 6.676 3.673 13,157 67.065 102.281 8.309 47.945 3.641 3.750 8.565 34.920 7.758

SWISS FR 1.402 0.914 1.020 0.784 1.347 1.395 1.395 1.361 4.2263 6.805 79.864 6.811 3.746 13,421 68.413 104.338 8.476 48.909 3.714 3.826 8.737 35.622 7.914

STERLING £ 1.788 1.165 1.301 1.275 1.718 1.779 1.779 1.735 5.3884 8.676 101.824 8.683 4.777 17,111 87.225 133.027 10.807 62.357 4.735 4.878 11.140 45.417 10.090

CANADA $ 1.041 0.679 0.757 0.742 0.582 1.036 1.036 1.010 3.1372 5.051 59.283 5.056 2.781 9,963 50.783 77.450 6.292 36.305 2.757 2.840 6.486 26.442 5.875

BRUNEI $ 1.005 0.655 0.731 0.717 0.562 0.966 1.000 0.975 3.0292 4.877 57.242 4.882 2.685 9,620 49.035 74.784 6.075 35.055 2.662 2.742 6.263 25.532 5.672

SINGAPORE $ 1.005 0.655 0.731 0.717 0.562 0.965 1.000 0.975 3.0287 4.877 57.233 4.881 2.685 9,618 49.027 74.772 6.074 35.050 2.662 2.742 6.262 25.528 5.672

AUSTRALIA $ 1.031 0.672 0.750 0.735 0.576 0.990 1.025 1.025 3.1056 5.000 58.686 5.005 2.753 9,862 50.272 76.670 6.229 35.939 2.729 2.811 6.421 26.176 5.816

MALAYSIA RM 0.332 0.216 0.241 0.237 0.186 0.319 0.330 0.330 0.322 1.0000 1.610 18.897 1.611 0.886 3,176 16.188 24.688 2.006 11.572 0.879 0.905 2.067 8.429 1.873

100 CHINESE RMB 20.609 13.433 14.991 14.695 11.526 19.797 20.503 20.506 19.998 62.1070 1,174 100.085 55.055 197,228 1,005.358 1,533 124.563 718.731 54.579 56.219 128.400 523.478 116.301

100 BANGLAD’H TAKA 1.756 1.145 1.277 1.252 0.982 1.687 1.747 1.747 1.704 5.2919 8.521 8.528 4.691 16,805 85.662 130.644 10.613 61.240 4.650 4.790 10.940 44.603 9.910

100 DANISH KRONER 20.591 13.421 14.978 14.683 11.516 19.780 20.485 20.489 19.981 62.0540 99.91 1,173 55.008 197,059 1,004.50 1,532 124.46 718.12 54.53 56.17 128.29 523.03 116.20

100 UAE DIRHAM 37.433 24.398 27.229 26.692 20.935 35.958 37.240 37.246 36.324 112.8084 181.64 2,132 181.79 358,236 1,826 2,785 226.25 1,305 99.13 102.11 233.22 950.82 211.24

1000 INA RUPIAH 0.104 0.068 0.076 0.075 0.058 0.100 0.104 0.104 0.101 0.3149 0.507 5.951 0.507 0.279 5.097 7.774 0.632 3.644 0.277 0.285 0.651 2.654 0.590

100 INDIA RUPEE 2.050 1.336 1.491 1.462 1.146 1.969 2.039 2.040 1.989 6.1776 9.947 116.737 9.955 5.476 19,618 152.511 12.390 71.490 5.429 5.592 12.772 52.069 11.568

100 JAPAN YEN 1.344 0.876 0.978 0.958 0.752 1.291 1.337 1.337 1.304 4.0506 6.522 76.544 6.528 3.591 12,863 65.569 8.124 46.875 3.560 3.667 8.374 34.141 7.585

100 NORWEGIAN KRONER 16.545 10.784 12.035 11.798 9.253 15.893 16.460 16.463 16.055 49.8600 80.281 942 80.349 44.199 158,336 807.110 1,231 577.003 43.816 45.133 103.080 420.252 93.367

100 PHILIPPINE PESO 2.867 1.869 2.086 2.045 1.604 2.754 2.853 2.853 2.782 8.6412 13.913 163.292 13.925 7.660 27,441 139.880 213.331 17.331 7.594 7.822 17.865 72.834 16.181

100 QATAR RIYAL 37.760 24.611 27.466 26.925 21.118 36.272 37.566 37.572 36.641 113.7937 183.222 2,150 183.379 100.873 361,365 1,842 2,809 228.226 1,317 103.005 235.257 959.127 213.089

100 SAUDI RIYAL 36.659 23.894 26.665 26.140 20.502 35.214 36.470 36.476 35.573 110.4741 177.877 2,088 178.029 97.931 350,823 1,788 2,727 221.569 1,278 97.083 228.394 931.147 206.873

100 SWEDISH KRONOR 16.051 10.462 11.675 11.445 8.977 15.418 15.968 15.971 15.575 48.3700 77.882 914.043 77.948 42.878 153,604 782.990 1,194 97.012 559.760 42.507 43.784 407.694 90.577

100 THAI BAHT 3.937 2.566 2.864 2.807 2.202 3.782 3.917 3.917 3.820 11.8643 19.103 224.198 19.119 10.517 37,676 192.054 292.902 23.795 137.299 10.426 10.739 24.528 22.217

100 HK$ 17.720 11.550 12.890 12.636 9.911 17.022 17.629 17.632 17.195 53.4020 85.984 1,009.132 86.057 47.339 169,584 864.446 1,318 107.104 617.993 46.929 48.339 110.403 450.107

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

PERISAI 0.140 0.130 0.130 3060.4EPMB 0.595 0.520 0.595 134.9AMBANK-CW 0.045 0.040 0.045 178.6FBMKLCI-C76 0.045 0.045 0.045 270UMWOG-C6 0.060 0.060 0.060 100KIANJOO 2.860 2.840 2.850 6.3TM-C13 0.060 0.055 0.060 1680PETGAS-CN 0.135 0.095 0.130 45.4FBMKLCI-C84 0.050 0.045 0.050 489.3FBMKLCI-C70 0.065 0.060 0.065 2401.4FBMKLCI-C62 0.010 0.010 0.010 550SUNCON-CF 0.100 0.095 0.100 300TCHONG 1.840 1.830 1.840 11.9ICON 0.305 0.295 0.300 1064.5MMCCORP-C3 0.080 0.075 0.080 1025

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)

LBS 1.810 1.760 1.800 4756.7LBS-WA 0.760 0.720 0.730 874.2LBS-WB 0.530 0.480 0.490 3197.3CHOOBEE 2.160 1.860 2.120 1013.1MLGLOBAL 0.895 0.780 0.780 1674.9PWF 0.785 0.750 0.750 753.5PWF-WA 0.350 0.300 0.300 3037.3FBMKLCI-H97 0.615 0.605 0.615 3225SAMCHEM 1.090 1.020 1.070 762.5LSTEEL 0.570 0.520 0.530 5612.6MLGLOBAL-WA 0.400 0.315 0.315 1076.4BERTAM 0.660 0.610 0.660 604.7YEN 1.340 1.290 1.310 698.6CSCSTEL 1.890 1.780 1.880 7871.7AYS 0.425 0.400 0.410 9684.6

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

Sinking stock

LME Lead Stocks Vlissingen Q1 2016

Monte dei Paschi di Siena’s share price has plummeted since 2007 and has been unableto regain traction.

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

SEP/OCT 0.0 -1.0 -1.0

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

Money market

Commodities

SEP/OCT 119SEP/NOV 239SEP/DEC 270OCT/NOV 120

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -73.473 MONTHS AVERAGE -93.406 MONTHS AVERAGE -79.81

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

OCT-16 2,714 55 2,582 12,520 -1,741NOV-16 2,594 30 22,412 67,178 -903DEC-16 2,563 30 17,512 51,593 2,816JAN-17 2,558 30 8,596 35,564 -1,994FEB-17 2,558 29 1,615 7,934 72

Palm oil regains ground on weaker ringgit

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

Crude oil hits multi-week lows on glut worry; gasoline surges

METAL & PRECIOUS METALSTIN US$/TON KLTM 19,200 50COPPER USC/IBS CMX 2.1515 0.0005GOLD US$/TROY OZ CMX 1,306.20 -7.80PLATINUM US$/TROY OZ NYMEX 1,018.70 -16.30PALLADIUM US$/TROY OZ NYMEX 672.40 15.80SILVER USC/TROY OZ CMX 18.79 -0.18ALUMINIUM RMB/TON SHF 11,875 UNCHZINC RMB/TON SHF 17,570 UNCH

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 43.03 -0.88HEATING OIL USC/GAL NYMEX 1.4160 -0.0149NATURAL GAS US$/MMBTU NYMEX 3.021 0.019BRENT CRUDE US$/BBL ICE 45.77 -0.82GAS OIL US$/TON ICE 412.50 -2.50

CRUDE PALM OIL RM/TON MDEX 2,594 30RUBBER SEN/KG MRB 542.50 1.00CORN USC/BSH CBOT 337.00 7.00SOYBEANS USC/BSH CBOT 966.00 15.50WHEAT USC/BSH CBOT 403.25 3.75LIVE CATTLE USC/IBS CME 108.050 1.075COCOA US$/TON NYBOT 2,792 -21COFFEE USC/IBS NYBOT 148.80 -0.10SUGAR USC/IBS NYBOT 22.40 1.24COTTON USC/IBS NYC 67.68 -0.23

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Sep 15, 2016

200

575

950

1325

1700

542.50(+1.00)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

JUN’16 JUL’16 AUG’16

362/368 394/388 466/456 555/566 571/561 751/733 711/717 820/818 1,045/1,027 881/873 1,014/1,005 1,316/1,317 1,111/1,130 1,283/1,273 1,621/1,621

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1220

1410

1600

1790

1980

Sep 15, 2016

1,649.00(-4.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.40(Unch)

Sep 15, 2016

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

456.50(+1.50)

Sep 15, 2016

300

500

700

900

1100

CPO futures

FBM KLCI futures

SEP6 96.60 — — —OCT6 96.60 — — —NOV6 96.60 — — —DEC6 96.60 — — —MAR7 96.60 — — —JUN7 96.55 — — —SEP7 96.51 — — —DEC7 96.46 — — —MAR8 96.46 — — —JUN8 96.46 — — —SEP8 96.46 — — —DEC8 96.46 — — —MAR9 96.46 — — —JUN9 96.46 — — —SEP9 96.46 — — —DEC9 96.46 — — —MAR0 96.46 — — —JUN0 96.46 — — —SEP0 96.46 — — —DEC0 96.46 — — —MAR1 96.46 — — —JUN1 96.46 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures rose last Th ursday, reversing losses from the previous two sessions, as a weaker ringgit off set the impact of an increase in crude palm oil export tax. Malaysia market was closed last Friday for a public holiday. Malaysia raised its October crude palm oil export tax to 6.5% from 5% in September, a government circular said. Benchmark palm oil futures for November on Bursa Malaysia Derivatives rose 1.2% to RM2,594 a tonne at the close of trade. However, palm still charted its fi rst weekly fall after two previous weekly gains. It was down 1.7% for the week, its sharpest weekly decline in more than two months. “Th e higher tax will hurt demand, but the weaker ringgit is playing an important role now and has been supportive for palm,” a trader from Kuala Lumpur said. A ringgit, the traded currency for palm, weakened 0.4% against the US dollar last Th ursday evening to 4.1370. It earlier reached its lowest levels in over three months, making palm oil cheaper for foreign currency holders. Palm oil may bounce to RM2,588 per tonne before retesting a support at RM2,550, according to Reuters market analyst for commodities and energy technicals Wang Tao. In related vegetable oils, the Chicago Board of Trade’s soybean oil December contract rose 0.6%. — Reuters

MAY’16 JUN’16 JUL’16 AUG’16

1,364 1,533 1,586 1,702 1,282 1,132 1,384 1,812 1,645 1,776 1,771 1,464

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 653 19.00% 626 18.00% 598SOUTH 20.00% 658 19.00% 630 18.00% 602CENTRAL 20.00% 656 19.00% 629 18.00% 601EAST COAST 20.00% 654 19.00% 627 18.00% 599SABAH 22.00% 634 21.00% 609 20.00% 584SARAWAK 22.00% 644 21.00% 618 20.00% 592

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

(IN RM/TON) SEP’2016 OCT’2016 NOV’2016

CPO DELD 2,823 2,630 2,700PK EX-MILL 2,900 2,880 2,850CPKO DELD 6,079 6,002 6,002RBD P.OIL FOB 2,900 2,876 2,724RBD P.OLEIN FOB 2,930 2,892 2,739RBD P.STEARIN FOB 2,800 2,790 2,750

MPOB Palm oil physical

Crude oil prices fell 2% last Friday to multi-week lows as swelling Iranian exports reinforced fears of a global glut, while gasoline rallied on refi nery and pipeline outages. Falling US equity markets and a rising dollar also weighed on crude futures and other commodities denominated in the greenback. Gasoline rose 2% after outages on Colonial Pipeline’s main gasoline line and in a key unit of BP plc’s refi nery in Whiting, Indiana. Th e profi t for turning crude into gasoline hit three-month highs and pump prices for the fuel rose as well. Brent crude futures settled down 82 US cents or 1.8% at US$45.77 a barrel, hitting a two-week bottom of US$45.48. US crude futures fell 88 US cents or 2% to settle at US$43.03 a barrel, hitting a fi ve-week low of US$42.74.

Commodities

about the US Federal Reserve and Bank of Japan’s meetings, which will set the tone for markets. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Sep 15, 2016

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+30)2,594

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Sep 15, 2016

0.323(RM2,946/tonne)

2,594(+30) 0.0000

0.1825

0.3650

0.5475

0.7300

1100

2425

3750

5075

6400

The US dollar hit a more than two-week high against a basket of major currencies last Friday after US infl ation data boosted bets the US Federal Reserve would raise interest rates in December, and touched a one-month high against sterling on worries over Britain’s Brexit vote. The US Labor Department said its consumer price index (CPI) rose 0.2% last month. In the 12 months through August, the CPI increased 1.1%. Th e fi gures beat expectations of economists polled by Reuters. Traders’ expectations of a rate hike from the Fed at its meeting this week rose slightly to 15% from 12% last Th ursday, according to CME Group’s FedWatch programme, while expectations of December rose to nearly 52% from just over 47%. — Reuters

US dollar gains after inflation data suggest more hawkish Fed

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended lower last Th ursday weighed by the weaker cash market. September 2016 fell 4.5 points to 1,649; October 2016 declineded four points to 1,648; December 2016 was 5.5 points easier at 1,644; while March 2017 shed seven points to 1,634. Turnover slipped to 9,418 lots from 9,908 lots last Wednesday, and open interest narrowed to 45,166 contracts from 46,373 contracts previously. Th e underlying benchmark FBM KLCI finished 8.4 points weaker at 1,652.99. The FBM KLCI futures contracts are expected to take a cue from the cash market amid two important meetings to be held this week. An analyst said the market is cautious

FBM KLCI futures lower weighed by weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 Sep 16, 2016

43.03(-0.88)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Sep 16, 2016

1,306.20(-7.80)

700

1020

1340

1660

1980

Long Rolls - KLCI futures

Index points

Jan 4, 2010 Sep 15, 2016

-1.00(-0.50)

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.00

78.75

86.50

94.25

102.00 96.108(+0.820)

Sep 16, 2016

FBMKLCI 1,652.99 -8.40 134.7M SEP 16 1,649.00 -4.50 9,045 43,019 -1,777OCT 16 1,648.00 -4.00 282 1,488 147DEC 16 1,644.00 -5.50 72 564 18MAR 17 1,634.00 -7.00 19 95 6TOTAL 9,418 45,166

SEP 16 16 2.14 0.69 1.45OCT 16 47 6.55 10.93 -4.38ROLL’S FAIR -5.82


Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X PA G E 3 0

G L O BA L M A R K E T S PA G E 2 9

M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: The FBM KLCI fell by 0.51% or 8.4 points to 1,652.99 last Th ursday as Asian stocks in general, tumbled on uncertainties surrounding the eff ectiveness of unconventional easy monetary policies to stimulate growth. Reuters reported that while expectations of a US Federal Reserve rate hike tomorrow and Wednesday’s meeting have faded, investors are bracing for a tightening before year end. “Perceived limits to the extensive monetary easing led by major central banks such as the European Central Bank and the Bank of Japan, have also soured broader risk sentiment, driving global debt yields to multi-month highs earlier this week,” it said. Across Bursa Malaysia, trading volume was thin with 1.33 billion shares, worth RM2.32 billion, exchanging hands. Th ere were 397 gainers against 369 counters that fell, while 385 counters closed unchanged. Sanichi Technology Bhd was the most active counter, with 48.5 million shares traded. RHB Research Institute head of research Alexander Chia said foreign selling continued in the market, given the recent pullback, especially in the US market. “The June quarter results weren’t that great and the general market is looking at cutting earnings forecast. Th e market price-earnings ratio (PER) is also high, with not much upside. It is trading at a forward PER band that is well above its 10-year mean. In the short-term, it is possible that the market will go down,” Chia added. — by Chester Tay

FBM KLCI falls 0.51% as Asian stocks tumble

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)HONG LEONG FINANCE 0.79 0.420 15.980 569.9PUBLIC BANK 0.26 0.040 19.500 9759.8YTL CORPORATION 0.18 0.010 1.740 12621.8AMMB HOLDINGS -0.20 -0.040 4.160 3586.7BRITISH AMERICAN TOBACCO -0.23 -0.480 49.020 245.3RHB BANK -0.33 -0.050 4.750 1904.4TENAGA NASIONAL BERHAD -0.37 -0.040 14.360 13228.6HAP SENG CONSOLIDATED -0.41 -0.100 7.600 1888.2PETRONAS CHEMICAL -0.53 -0.040 6.590 8061.9TELEKOM MALAYSIA -0.62 -0.100 6.780 9392.1GENTING MALAYSIA -0.78 -0.080 4.370 6346.9MAYBANK -0.82 -0.050 7.840 10303.1IOI CORPORATION -0.85 -0.080 4.400 8203.5CIMB GROUP -0.86 -0.060 4.640 15900.7DIGI.COM -1.02 -0.080 4.960 14442.4MAXIS -1.61 -0.130 6.020 6920.8SUB-TOTAL -7.41 OTHERS -0.99 GRAND TOTAL -8.40

1,652.00 1,641.00 1,651.00 1,642.00 1,646.50 1,639.00

Market movers

DOW JONES 18,123.80 -88.68S&P 500 2,139.16 -8.10NASDAQ 100 4,818.05 -1.84FTSE 100 6,710.28 -20.02AUSTRALIA 5,296.70 56.84CHINA 3,002.85 -20.66HONG KONG 23,335.59 144.95INDIA 28,599.03 186.14

INDONESIA 5,267.77 1.95JAPAN 16,519.29 114.28KOREA 1,999.36 7.88PHILIPPINES 7,708.42 162.41SINGAPORE 2,827.45 21.93TAIWAN 8,902.30 -38.53THAILAND 1,479.07 15.68VIETNAM 651.31 -4.87

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

TIMECOM 8.420 0.840LPI 16.620 0.480HLFG 15.980 0.420CHOOBEE 2.120 0.260PMETAL 4.330 0.240POS 3.400 0.200AEON 3.000 0.170HEIM 17.200 0.160GENP 10.960 0.140QL 4.400 0.140METROD 1.850 0.130ULICORP 4.340 0.120

DLADY 59.000 -1.300AJI 13.360 -0.500BAT 49.020 -0.480AEONCR 14.200 -0.480SP500-C1 0.635 -0.230KOSSAN 6.260 -0.220UTDPLT 27.600 -0.200PANAMY 36.100 -0.200ORIENT 6.630 -0.170CARLSBG 14.520 -0.140MAXIS 6.020 -0.130NESTLE 79.900 -0.120

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

STERPRO-WA 0.010 100.00DIGI-C9 0.010 100.00EKA-WA 0.010 100.00POS-CW 0.125 56.25FBMKLCI-H59 0.015 50.00JTIASA-CF 0.015 50.00UEMS-C29 0.015 50.00TOYOINK-WA 0.060 50.00POS-CX 0.155 34.78TRIVE-WA 0.020 33.33POS-CV 0.300 33.33BURSA-C9 0.145 31.82

KSL-CF 0.010 -50.00SUPERMX-C15 0.005 -50.00AXIATA-C6 0.020 -42.86ARMADA-C8 0.025 -37.50FBMKLCI-C62 0.010 -33.33UMW-CW 0.030 -33.33TM-C13 0.060 -33.33UMWOG-C3 0.010 -33.33UMWOG-C5 0.010 -33.33SUPERMX-C13 0.010 -33.33SP500-C1 0.635 -26.59HSI-H49 0.085 -26.09

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

STERPRO-WA 0.010 100.00DIGI-C9 0.010 100.00EKA-WA 0.010 100.00POS-CW 0.125 56.25FBMKLCI-H59 0.015 50.00JTIASA-CF 0.015 50.00UEMS-C29 0.015 50.00TOYOINK-WA 0.060 50.00POS-CX 0.155 34.78TRIVE-WA 0.020 33.33POS-CV 0.300 33.33BURSA-C9 0.145 31.82

KSL-CF 0.010 -50.00SUPERMX-C15 0.005 -50.00AXIATA-C6 0.020 -42.86ARMADA-C8 0.025 -37.50FBMKLCI-C62 0.010 -33.33UMW-CW 0.030 -33.33TM-C13 0.060 -33.33UMWOG-C3 0.010 -33.33UMWOG-C5 0.010 -33.33SUPERMX-C13 0.010 -33.33SP500-C1 0.635 -26.59HSI-H49 0.085 -26.09

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

STERPRO 35,979 0.00 0.000 0.035 0.040 0.035LBALUM 30,607 13.60 0.085 0.710 0.715 0.625SPSETIA 28,162 -0.92 -0.030 3.230 3.300 3.200CONNECT 23,405 8.70 0.010 0.125 0.130 0.110CMMT 12,944 -1.94 -0.030 1.520 1.560 1.500MMAG 12,679 9.09 0.005 0.060 0.060 0.060SONA 9,989 1.09 0.005 0.465 0.465 0.460PCHEM 8,062 -0.60 -0.040 6.590 6.700 6.510TA 7,442 -2.02 -0.010 0.485 0.495 0.485MISC 7,329 -0.26 -0.020 7.530 7.560 7.530BIMB 5,688 1.28 0.050 3.950 4.010 3.940PALETTE 5,637 27.27 0.015 0.070 0.070 0.050LSTEEL 5,613 3.92 0.020 0.530 0.570 0.520ARANK 4,968 3.61 0.030 0.860 0.865 0.830LBS 4,757 4.65 0.080 1.800 1.810 1.760YTLE 3,779 0.00 0.000 0.570 0.570 0.565

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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Hamad to retire as PNB president and CEO, to be replaced by former Ekuinas chief Abdul Rahman 5 H O M E B U S I N E S S

Ministry asked to prepare guidelines for developer lending scheme4 H O M E B U S I N E S S

FINANCIALDAILY




THURSDAY SEPTEMBER 15, 2016 ISSUE 2249/2016

OVER HALF OF M’SIAN DEVELOPERSNOT LAUNCHING PROJECTS IN 2H16

Rehda survey, however, shows increased optimism about industry’s outlook for 1H17. Kamarul Anwar has the story on Page 4.




1 7 F O C U S

Bloomberg TV Malaysia off -air after one year and RM40m investment

‘Ringgit weakness to persist in near term’

Steel counters among top gainers following Megasteel’s plant closure

US$150,000 platinum watch is a big step for Vacheron Constantin

3.7

4.0

4.3

4.6

Sept 15, 2015 Sept 14, 2016

US$ vs ringgit

4.1242

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Sep 15, 2016

1,652.99(-8.40)

1,681.27

820.0

1102.5

1385.0

1667.5

1950.0

0

300

600

900

1642

1644

1646

1648

1650

1652

1654

1656

1658

1660

1662

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

Index point

KL Composite Index

KLCI futures

1,649.00 (-4.50)

1,652.99(-8.40)

SEP 16 1,649.00 -4.50OCT 16 1,648.00 -4.00DEC 16 1,644.00 -5.50

Truth isn’t always beauty, but the hunger for it is.— Nadine Gordimer

SANICHI 48,541.2 0.010 12.50 0.090 6.15 0.00STERPRO 35,978.6 UNCH UNCH 0.035 — 0.00LBALUM 30,606.5 0.085 13.60 0.710 9.86 3.20SPSETIA 28,161.8 -0.030 -0.92 3.230 12.81 6.65CONNECT 23,405.0 0.010 8.70 0.125 9.66 0.00HIAPTEK 19,244.7 0.010 3.39 0.305 — 1.02NWP 18,360.1 UNCH UNCH 0.275 — 0.00HSI-C36 17,949.3 0.035 6.14 0.605 — 0.00CIMB 15,900.7 -0.060 -1.28 4.640 12.12 4.04DBE 15,516.7 UNCH UNCH 0.045 — 0.00YKGI-WB 15,285.5 UNCH UNCH 0.175 — 0.00DIGI 14,442.4 -0.080 -1.59 4.960 24.51 4.07JAG 13,421.6 -0.005 -4.76 0.100 — 0.00TENAGA 13,228.6 -0.040 -0.28 14.360 12.65 2.01CMMT 12,943.8 -0.030 -1.94 1.520 17.07 5.28MMAG 12,678.8 0.005 9.09 0.060 — 0.00YTL 12,621.8 0.010 0.58 1.740 19.44 5.49DNEX-WD 11,867.3 UNCH UNCH 0.085 — 0.00DNEX 11,840.2 0.005 1.82 0.280 2.18 3.49AXIATA 11,306.5 0.010 0.19 5.320 24.22 3.77

1,652.99 8.40 5,218.88 32.09 2,827.45 21.93 16,519.29 114.28 23,335.59 144.95 18,123.80 88.68 1,652.99 8.40 5,218.88 32.09 2,827.45 21.93 16,519.29 114.28 23,335.59 144.95 18,123.80 88.68 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,652.99 8.40 5,218.88 32.09 2,827.45 21.93 16,519.29 114.28 23,335.59 144.95 1,652.99 8.40 5,218.88 32.09 2,827.45 21.93 16,519.29 114.28 23,335.59 144.95

MONDAY SEPTEMBER 19, 2016 ISSUE 2250/2016 …tefd.theedgemarkets.com/2016/TEP/20160919v3ncuh.pdfTan...

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